Evening Star Newspaper, October 22, 1926, Page 30

30 * FINANCIAL. ‘THE EVENING STAR, WASHINGTON, D. C. FRIDAY, OCTOBER 22, 1926. FINANCIAL. TREND DOWNWARD ' [NEW YORK STOCK EXCHANGE | AUDITORIUM IS WELL BOOKED, | ["ovsew vonx_ BONDS stoex rxer] SPEL{J[ATIVE RALS: Received by Private Wire Direct to The Star Office AHEAD FOR TI-IE WINTER SEASON lev_ed by Private Wire Direct to The Star Office. n. - : | UNITED STATES. Selen. High. Low. Close |N STU[:K MAPKEI““““' row . 0 HEL 5 0T qen e s e S I 480 °T%| Fifteen National Geographic Lectures Part T RO - o [Eem o lEA" B[IND IRAD | Adv Rumls 1 Y A Rimier S 55 G 36, éZ ¥ | Gen Gas prac) 1y it 1)t | : Dhietie 1l 1095 1001 1023 H xfiéfi 101 umada . % 1% T4 Gen Motors (7). 148 148% 142% 145% S West: = 1281 1zsv.’Gen Mot pt(7).. 118% 119 118% 119 of Recent Engagements ecured for ibsadus. 711014 lotz ot 1® | Westinghouse tar.101 1004 100is 1000 Price C| Alr Reduetn(t6) 129 129 bl " 5 ; hanges Are Irregular,‘ Ajax Rubber. ... T e S By | Canato deb (6) 10315 108% 1031 103% | Lib 4th 4505 118 102 14 103 11 10312 Whison 8 Go Tet 65 o4 So% oot oo Higher Prices Rule—St." o Alaska Tunea. Gen Outdr Ad(2) 33% 34 33 33 | o . . Winch: But Bear Side Has | Allled Chem (1. 12714 12734 12418 126% Gen Outdr A (4) 53% 53% 53 63 Bl Hall-—-W l'l C T8 4s LD T B e it L TR L AR is- i A ; Alliedcm ot (7). 120 1204 120% 1204 | Gen GasplB (1) 9k 94k 944 844 g ashington Gas limbs. US4%ass. 210730 10729 10729 |YOUNEStnS&TEs. 14 104 103% 104 Louis-San Francisco _In : s Chalm (6). 867 86% 86 86 | GenRySig (6). 814 8114 79 79 . EREU I T ) 1 RAILROAD. the Advantage. Amal Lthrpf(1) 105 105 105 105 |Gimbel Bros.... 45% 454 4% 45% | 1 b 2 FOREIGN, o Low:Oloss: | Atchisonaays..... 8T% 81 81 come 6s Are Feature. ‘:r’:e‘r‘-a'. tzl) .. 28 28 27 28% g:&flg:.;:) 15% :fw :8;:1 BY EDWARD C. STONE. ;rha fact that the controller usually |Argentine6sJu59. 4 97T% 974 974 92% ’ . B s gricul Chm 11% 13 11% 11% 447y 44% 44 o B " ssues a call around the last of Sep- | Argentine 6s Oct59 10 98% 97% 98% 9 T A BY STUART P. WEST. AT A G e a8 L ] | CootEimui(h At 7% ois. 47|, Diockliolders dn tis Washington | tompar or very early in October, but | Argentine 6s A. o Hin BY GEORGE T. HUGHES, Special Dispatch to The Star. Am Bank N 1.60. 42% u 493 437 | Goodyear pf (7). 107% 107% 107' 1073 | Auditorium Corporation will be glad|did not see fit to do so this year. has | Argentine 6s B. 70 | Special Dispatch to The Star. - AEW SORK. {Ociober Prices Am Bosch. 19 18" 13| Gotham new 2% 5 to know that the auditorium is facing | proved puzzling to the banking fra- | Argentine 7s. S vy e on the Stock Exchange today were Am BrakeSh(6) 132 130 130 | Gotham pt (7) bv far the best season in its rather | ternity in Washingtonand a lover the SU] U TR Outdlar 42 i Outside bankers have even 6t | prices were the rule in the hond 1140 *| brief history, the huge hall being well | country. T red for wrand opera, lectures, con- | telegraphed to the Treasury inquiring | Bank of Chile 6%s. 12 96 95% 95% certs and national conventions that|about the blanks. Bank of Japan 6s.. 15 100% 100 ~100% will continue into the Spring. The national banking act reveals Robert N. Harper, president of the|that a eall at this time is not neces- association, who is more interested in | sary. ‘The law says “there shall be the success of this local enterprise|a minimum of three calls a vear." than in the food that he eats or the | There can be as many more as the| clothes that he wears, announced to-| controller of the currency considers { day that the latest important acquisi- | necessary { fion to the geason’s listings is the| The banks have answered two calls| Rrazil 634s. booking of 15 lectures which will be|so far this year and there is always | Brazil 7s. piven by the National Geographic |a call near the close of the calendar | Brasil 8s | Society. In the past each Geographic|year. Therefore, from a leghl stand- | oo a0 6o 103 lecture has been given twice—in the‘wjlnl no call is required at this time. m"":d‘ ; 1951,- | afternoon and again in the ev enmg- What Controller MacTntosh may think | Cahada be 1 i but the sable is another matter. c;"":;“‘:‘!sl'lt .| ditorium will make it possible to ac-: Discounts Drop $117,219,000. CHiTE T (T | commodate all the patrons at one per-! — | Chtie 85 1946 formance. The weekly statement of the cdm-|q b 38% | Granby Consol . . 957, | Grt North pf (5) 48% | Gt Nor Ore (1%) 97 | Grt Wstn Su (8) 55 |Guantanamo.... s Gulf Mo & Nor. ., Gulf States (5). Hanna 1st pf ... 4} Hartman B ki 40 very irregular, but with the main AmBrBovEi(2: 381 tendency downward. The market had Am Br Bopf (7) 95% vallied on the previous day, but only AmCan(2)..... 49% hecause of an oversold condition. Am Car&Fdy ( There was no change in the outside AmM Chain A (2). 25 surroundings, which appeared quite Am Chicl€ (3). different from what they did two or three months ago. There was a < deepening impression of _increasing | Am &For Pow.. ! competition in the automBbile trade Am Ice (+10) 121 121% 120 120 | Haves Whit3%) and ot # cut down In schedules by the | Am Internatl... '36% 37} 36% 36% Hoe& CoA..... Antomobile companies and agricul-| AmLaFr(1)., 121 1214 12% 1214 | Househd (13%). tural implement makers, which was Am Linseed. 29 20% 28 29 |HoustonOfl.... already making itself felt upon the |AmLinsdpf(T) 75 75 74 74 |HoweSound(4). demand for steel products. | Am Locomot (8) 1025 102% 100 101 | HudsonMan(2% Then there was the cotton situation | {Am Locopf (7). 119 119 118% lx!VA Hudson Mo(313) to consider, with prices at the lowest :m :;1::h‘& Fy.. 70 70 70 Hup Mot (1.40). of the season, well below the cost of | Am Metals (4).. 451 45% 48% TiiinolaCen t7s. (Pits 517 roduction. ilow was this to affect Am Po& Lt (=1 61 60 ) ol L H How , Am Radlator(5 ooy 27 98t | ket today, with the speculative rail 103 | assuming the feadership. The featurn n_Francisco income than at an e B& O SwDIv 5s cfs 39 100% 100% 100% dhfi,,::.,’:,,"!';;,’f\'"f; L Bklynv Manhat 96 9% 96 |October 1 last. The bonds are now Can Nor 4%s1935.. 10 96% 96% 96% | quoted “and interest,” and the buying Canad North 7s.... 14 115% 115 115% | Is based partly on this changed status » Canad Pac deb 4s.. 5 85% 85 |and partly on anticipation of a favor- Car Clinch&O 6s 53. 10 able carnings statement. 0. 62 This latter influence was a factor in the strength in other junior rail- road bonds. Missouri, Kansas, Texas adjustments showed activity above 93, Erie convertible 4s, series A and serd B, were both advanced, and the series % 78w 78% 78w |D bonds went along to a less extent. 13 68% 68% 68y |There was better demand for Missouri 34 34 34 |ChiGreat West ds. 6 H 8 108% 108% 108% | Ch1 & E1gn bs. 8 9 2 the buying power of the ? . 109 1091 108% Indian Refinin; " v 2 7 8t ‘hinese Gov Ry 6s. would a sharp falling off in general | Am Sfetv R¢3) 6213 62'2 59% Tniand St (23 » It will be recalled that last vear, ! bined. Federal Reserve banks shows ’ fi ol T IR L e i 1 a8ty It wil el ves s s Con Pow Japan 7s. 95% 95% ' 965% | C M & Puget S 4s. 15 b2 B2 524 Pacific general 4s, another member of 2;‘;}{,“,"?"flt",‘.‘n‘:.‘,‘,*}‘,‘,(‘,"(_m‘,::‘",.,.‘_,‘,‘,’"l‘;[’a'{‘Am Sl T Inepiration (). 257 in cases of moderate sized audiences, | o arastic decline in use of reserve |ConenhagenSis.. 2 90K 99 90K |CMASLE ds 36 3% Baw B2 | this same group. tor the country S Lamsna (2) g2 12 Inteont Rub(1) i part of the fower Aditorium, Cal. e I e o e Gaeaho 133 reis: GBSt Py iina. lgl S o oot el S s .. 73 AL s win will be drawn across e O nartiet in. | C7echo 851952 ct.. 11 102 10215 102% |CM&StPrd%e. 3 54 54 54 oo Iflflfi"?,‘;‘“';dmpa;f,n‘;hr."",:;':’,:‘f,h‘: 73 Th | Am Sumatra. 34% 34% 342 84% the trade | Am Tel & Tei 8y 145 146% 145% 146% | (1% Comens iy, future is what has en showing in | Am Tebacco (8). 119% 121 119% 120 o the market of the last thi Am Tobac B (8) 120% 120% 119" 119% e wame time that there has been | Am TypFars(8) 115% 115% 115% 115% | 1ior Har nf () 1 a reckoning for the excesses of the Am Wa Wo c1.20 5014 IntMtoh p8(3:20) ] r of the halcony, which will f about 3,500 seating These curtains have been to match the walls and 1 most artistic and 4 Hstie 11in an opposite direction, bill holdings | Finland s f 6s 45. And they can be | ghowing a comparatively large in- | Finland 7s... creased o only a. small extent, | Denmark 8s. . 5 104% 104% 104% [SMEStPevhs.. 79 63 52% 53 |ioid for amounting ' {n'$202.824000, compared | DE Tn 5% Nov 56 10 1084 10816 10a% [ X8 9% SY B8 SORTEUBT E2IS B - 87 e o o ‘Laule e to $291.312,000 th sk before. Dutch Fast16s47. 3 104% 104% 104% | cpiax’ GO 1.108% 1034 108% | [ oyis.San Francisco prior lien A ds: In the fifth district the trend was | Dutch East 1 6s62. 1 ¢ ’ 102% 103, | Southern. Rullway “general 4« and Central | Pacific <8 were all higher. 111% 111% ] Oregon-Washington ~ Railway and the heummng of Au,_n creasing uncertainty ) Midsummer speculation. Am Woolen. . ... 27% ol 2y . . nmen R L Mer Marine. easily removed for all Dig conven-|crease, Rediscounts we 5 1 b ; Ay, n i a sl ot o Int Mer Mar ot tions. With such a busy season l- | higher than et “,Jgre"ff“,j;‘f}‘{ Framerican 7%s. MR LEPHIe 106 S ot ot Navigation 4 moved up a point. Kan = e 4 B 3) & nt Nickel (2).. under way, the next stock-|g 5 in t 4 ChiTH& g ey A e . ld ag: o sel o Anae, 7 613,000, and bills b t - S E b a0 r i?:f! “f.é‘;.d}f e _\'13::.1;-‘,«1.\r:h::‘f‘flqfilu o TEEADSL CE)E -t | meeting will be awaited with | ket $473.000 hlah:‘?:':‘xr "s‘:;thloggg French 8s. 17 Chi Un Sta 4%s 98 Pt e e and_United ¢l came down | ArmourDel pf(7 83% 3% . e {move than ordinary interest. The Rickmond hank's reserve ratlo. | German E1P6%s.. 19 95% o4% 95 | ChiUnion Sta 5s44 18 1014 1014 1014 S R S aker 2 wel A % 54 = e 2] N —— accordingly, dropped sharply .90 | German 7s..... 5 5 > VIndends. 10 85% 85% 85% St - Studebaker on were | Armour of TII(A 14 145 Int Tel & Tel (8) 115% 115% 113% 113y | VW eshington Gas at New High. |, el dror s ‘s‘_e::l-{pl;_et‘:oggl.? German 7s 54 105% 105% 105% | oy ST (00 b 18- 12 1030 e wzlx_:o:r:?n::;fllrflaiewnm‘sg: \a‘:‘(;:frg g B Ve | Armour of NI(B! &Y R/ 8 ) 1‘ gfim‘:{z;‘z;‘\lru:\d.l‘l‘\:- S eRiine re: | MIEISoniraY. 7153‘: 155% 160% 1 2 Jewel'hen,..... 87 g7, 87 37 | W "‘"“L""' Gas Light stock today Cotton Situation Puzzli CCCRStL it §102 102 102 |jist. Under unusually heavy transac cent decline, The § Was still | Atehison pt (5). 99 . Tomes Bros Tea. 101 10% 10% 10% | reached n move on | § zzling. CCCaStLrfesA. 8103 108 103 |yinnc thoy gained a half point, at 80 i sue open- | Moody's Weekly Financial Review C&S1stds29. 99% 99% 99| 1though nothing further in the w. ' i-| A1 C Line(49%) 196 1° Jordan Motor... 154 15% 15 15 |the loc A “ Colo & Sou 4%s. .| At Guir & WI. Ran CityiBanE ed with the | At GIT&WT pf. Kan © So nf (4). gx. :{.f,‘_ 41 41 1.nd then 10 more at the same figure. |state what the enormous losses to ave | Atlantie efine. 100% 1008 9 Kayser3 (3)... 40 40 'jg’* jg'“ The next sales were two 10-share lots, | the cotton growers of the South will g was | Atlan Ref pf (7) 116% 116% 116% 116% which reached 70%%. an eighth of a {mean to financial conditions ail over |Japanese 4s. . 17 s9% 89u 89y | Del& Hud 1strras 20 027 827% 927%|still pending on the other side. United < 104% 104% 104'% | States Rubber 5s galned fractionally Tall % Atlas Powdr.(4) 59 59 59 Sprimg... 10 10k 10 104 point ahove vesterday's strong close. |the country. It explains: Tapanese 6%n. ... 56 98% 98% 08y | Del & Hud 6%s. 904% 90 a0 | and some of the copper issues did bet- ! ey Kelsey Whi (6). 86 86 8 85 a ; . 8% 8% 8y IenHeRattiie).. 1(60%. Hous, 59K 5“ Two bank s “The cotton catastrophe is begin-|Jerzens U M 6s 47. 12 107% 107% 107% | Den& RloGen ds. 3 it selling at {ning to look like a bugbear. It does 88 88 g8 |DW0oG Westbs... 12 69% 69' 694 |ter, among them Chile 6s. Hudson and 2 5 talking a good deal 7 bility of further cuts Timken Roller Bearings. a partic favorite for the last week or Ko, way with the rest. Mack Truck off substantially. Altogether it w: poor day for the automobile and - | Atlas Tack ftea Stocks. S Austin-Nichols. 8% 84 T 8 2 le of 100 shares-at 70 isays that it is impossible just vet to L 6% 5% 06%) of nesotiations for the sale of th 6 Cuba RR7%s. 107 107 107 |White Star liner to British interests 5% 36 7 5 Ttaly 7s.. Gt LG Lieer 9T% 97% 97%|are expected while the coal strike is board, Union Tr Keystone T 4 Cuban Producers. | Autoinitter. b s Kraft (‘hees‘:.l.z.. 605. so\_n"‘\""nl prevailing price, and National [not represent a destruction of physi- 88 88 88 |Det United 4%s 94 94 94 |Manhattars incomes were the feature .. According to advices which nnght Raldwin T, (T).. 116% 116'% 114 115 |Kresze SS(1.20). 48% 9% | Metropolitan at 403 for a single share. jcal wealth, but rather a loss to one| Mexico 45 04 asntd. 10 27% 27% 27% | Frie 1st consds... 80 80 80 [of the local tratcions, responding to or might Mot have been entigely ac- | Balto&Ohlo (8) 102% 102% 101k 101t | Kresze DeptS.. 19 19 < trading closed with the sale of | class of people, and a saving to all | Mexicods10asntd 21 24% 24% 25% | Frie =en do. 71% 71% |the September statement. There was curate the Cuban hurricane an hit | Rang & Ar (3). 1 40% 404 404 | Kresge DS pE(8) 178 2 | of Merchants' Transfer and |others. Tts net effect upon the whole | Mexico Ssassente 24 421 42 = 42% Frieconvds A. 75% %6' | little change in the high-yielding oil C'uban producers hard. It would cut 7arnsdall A 2). 25% Lago Ol & Tran. 19% 197 1 | Storaze preferred at 1001, {nation” is impossible to estimate at|yetherlands8s54. 17 104 103% 1037 Frte conv 4s B. 76% 75% 1764 | bonds. the sugar crop down by as much pos- .Reorh-!\'ut (43). 4y arhort 053, 5-61; Sl L] “”y?‘,"'j s bonds were the only hond e | the moment.” N o e ok i bl Lo T, Belgian Tssues Adroit Naturally | Belding Bros(3) dealt in today. Georgetown ( g g & . 4 aturs : i Kresge Co. earned $2.34 a 110% 110% 1101 Interest in the foreign list centered 13 98y ogy esy | Frie & Jersey 6s 500,000,000 pounds. 2 o y as 500,000.000 pound Lehizh Val(3%) R5% &5 95l Norway 534 5. 99%. W aflh ecorded 25 44y share on the common stock in the 9714 9714 971 | about Belgian obligations because of < most benefited were | Rethlehem Steel 45% 45% 43% 5 » > e e hich have no financial interest | Reth Stipf (7).. 103 ~ 103% 103 103 ety ;51"‘ N neron ted 101% and | sine monthe this 1o onrett e | NocwRyBw1043:. . G101 101% 101} Exle (ER)clt trids. I tiha and which are able to get the | Booth Fisherles. 5% 5% 5% 5% | fligvett & M (147 91u 91% 21, 2L, | the same company Sold at 101 for ! share in the same period of 1925, net 83 1014 101% 101% AL i 'B*::;mr{:’“lmx:tu;h“fiéufi‘ How I ;‘n‘mml ) ANY o1y 011 101% | Grand Trunk 7s 0: offered shortly., P | Botany A (4 31 234 2314 23 s 2 i or 5 3 full advantage of an improved price (4)... 23% 2% 23% 28| ST Nr ). 97h 2ne 82 ooy | ™ So00 bond N,( Arnings rising to $8,721,120 from $7.- | Orfent Dev deb Portupes next week. Cable advices ituati v s . as | Bri 254 % 25 ) 3 2 3 s. in%:;m:;flfll;he ugar mark:t was n::fi:‘!\g:pl::! ‘2‘6% 2R 31‘4. = ?:::,sme ). aad sl e i 'M:iklnf.n“lm\h?\‘xfmrh:\';;:jp:‘tm\f e “‘;,“dm were $76,875,274, com- | paris-Ly-Med 63 O Oy ihe industrial specialties | BkinEdlson (8). 154 154 152 152 |yocte'Wilen.o) 136 188 139 ankers.during the past three week prte i e B e 1 went higher at the start, but were sub- | Bkn-3n Te (4. ‘581 581 8 8| Lorhilara e e W B 8 IRHITE Tt R AT e | O 5 B Ol L mR 9 29 29% | = = T oo + aru L] - 0 100 Sreen v . 8 116 91% 9115 91% |Gt Nor 4%s76 D.. 23 81 80% 81 |GreatNorth5s.. had it that the coupon rate would bé 38 917% 91% 91% | Great North 5s. 6 per cent and the price around 93, 12 89% 89% B9y |GrNorrenis. . ... £ 3 but these wgre not credited on thiy E side becanse listed Belgian bonds seil— sequently neglected or else were Bkin Un G(t11). 92% €2% °1% 91% i —— Jowed to sink Sears u.wbmk‘nrunswwk Balk. 32t 0213 2215 82% ¥’Z;"'!““a":““5[;"’~ 13 y ) {ond quarter. Peruss.... 2 10315 1034 10814 | Hockine Val 4%s.. 2 on a_higher vield In fact, the dropped oft 2 points and Electric Re- | Brunswick Ter.. 14w 15% 11 15| pouis@na O 14 |StjosephL(t).. 3% 39% 39% 59% Other Financial Notes. Eolxrialeess 8 70%: 708 j0M} Hind € Niareentn. (3 1 Eelat 854 llguses aua frigeration w: Montgom- | Buff R&P pf (6) 100% 100% 100% 100% | 00 &Nash(163) 23% | StL & SanFr () 97 97 95 95 Fha edtes Poland fs. . . 53 Sa1; 89 g9 |Hud & Manajbs... 7% gested for the n an. Trading ery \\nrd as a mail order stock, mov- | Buff & Susq..... 35l 351 35% | y'odlam Steal (2! 12814 | StL&San F pf(6) 897 Edward O. McDonnell, one of the |Porto Alecre 88 1103 103 103 |111-C-C StL&NOS5s. 6 1!y in all the Belgian is- ing with Sears Roebuck, was affected | Burns Br B (). a3 23y 23y, sy S 28l ISt DETUEwent. 02 partnera in G. P. M. Murphy & Co. [Queensiand7s..... 6114 114 116 IntRap Tranbs... 3 70% 70 70 |sues. but b and sellers we; by selling of the latter. United States | Burroughs (14). 106 106 106 106 Mack Trucks (6) 1 | Schulte (§)..... 45%4 e brokerage house which recently | Rhinelhe Un 7s....132 112% 111% 112 | 1Nt Rap Tr 8s stpd. 15 7 69% 70 |about equally numerous. Seine €T B e trint CAlcohol had a remarkable | Butte Copper&Z. 47 4% 47| MackTr 2d pf(7) 105 | Seaboard Air L. 20 {ook over the firm of John L. Edwards | Rio e Tan 85 1546, 8 102 1021 102w | ¢ & G Norad gs.. ; ide the fargest gain In the Frehen uhturn. " Warner Brothers Pictures | Rutte&Super(2). 12% 124 | Macy HR & Co. Aoy [IBeED A LIRS, 88, & Co.in this city. has returned to the | Rio de Jan 88 47... 11014 101% 101% | 10t TVs O & 272 list and in the German, Bavarian 6%s went lower and so did Baldwin Loco- | Butterick 59% 60% }‘lfliv of (D.... 115 N::fs”“f(‘:zm E ;:(‘)\m\“:rh"nvnvn. and P. Erskine Wood, | Rio Gr Do Sul 8s... 2 103% 103'4 1081 Int Rep C Am 6s 41. and Berlin £1s w the favorites. motive. On the other hand, Radio Cor- | Ever & Co. 2315 331 | Mazsma Cop [y ; partner, has come to Wash: | Saxon (PW) 7s.... 8 99% 9au ogw, | KAnsas City S5s.. 1 e I e ik poration was one of the most active | | By-Products () 65 6414 | Manat! Sugar pf 59: snfihen“'rhe(s) e1% ‘{‘{fi_‘é"’r- The members of the New |Sefne 73 42. a2 aiw op | KanClty Term 4s. offerings expec stocks on the list, advancing above 60 | cajif Packz(4).. 667 667 667 667 Man El Sup (5). O i e dl 'k firm are anxious to become per- | Soissons 6s 10 86 85% sg | Jke Shored=28 including several 1 With pool support, which must have | calif Petrol(2). 304 301 30 304 | Man EIm € (D) 46% | girmme Pet (1).. 172 sonally acquainted with their clients | Sweden 5% ct 7 103% 103% 108% | Lehizh Val cn 4s. issues and _the been very strong in order to, counter- | Callahan Zine. O 3 30 1| Man shirt (13). 224 | i i oll. i lin \!'ho'f apltal. Sweden 6s. R 105% 105% 1054 | & N 4%s 2003 financing for the account of Interna: act the unsettling developments in the | Calumet & Ar(6) 4% 647 63% 64 Maracaibo O11.", 16% | Sty 011 (2110 311s 5 {\-N\ P\ ork Stock Exchange seats |Swiss5%s 19 10 103% Louls & Nash 7: tiorial Paper. 2 general market. | Calumet&H(1%) 161 164 161 16% st oss Sheff (8). . 118 ool o v S ot i fs... 5 117% Market 8¢ 7840 Can Dry (c2%). 34% 8% 3 83w | Market Stprior. . O POrUS 6 112 the sale of the membership of the late | Toho Elec Pow 7s.. 12851 MII Bl Ry & I 5s. Public Utiliti Cane Thresnime. 166 166 1o 1l6g Marlana ONl (). 1% 62 1% b2 |ScuCalfEd@). 80% memberships. “je’rnot|l(‘~‘rl1:r2§—l§é.ii-?§$l Td Kinm 316837, 15 104% Rty New Bond Issues . ublic Utilities Sy giiigs, dtes || RISILONAY), St fo, oLk PRy palries ) 48 day at the price of $140,000 R M £ng Ms Sfrcn = 4 | Central Alloy(2) ~20% 29% 291 , 2914 o SN 4 | Sou Dairies B... 20% the o ,000. Uruguay 8s....... 6 109 M St P & SSM 6%s - - | Cent Alloy pf (1) 1061 10815 106% 106%s ) 25% | South Pac (6). . 1034 ol i in ot mese il MISCELLANEOUS, MK&TisB NEW YORK, October 22 (Special).e=- +* NEW YORK, October 22 (Special).— Cent Leather. .. Tt 8 = 7 8 | May DeptSt (5) 1397 140 1% Southern Ry (1)’ Deing ereeton toa it meW DUIINE | Ajax Rubber®a.... 2 103€ 103% 108% | M 1 & T pr In 5 G e Souttern California Eajson gave out | Gont Testherpr. e 1% Maytag Co (2).. 21% 22% 35 | Southern Ry sts soon as this structure on Fifteenth | Am Azrl Chem 7i4s 9 il awaA is that of £12.000,000 California Petro- . today its statenrent for the nine | 3 Mexican Seabd. v, outh Ry pi street is ready - = e 9 leum Corporation convertible 51 per - s andine September 30-last. It | Cerro De P (). ey o e || Spear & Co pi () street is ready for occupancy. [AmSmit& R 15t s 32 H e pemtion convertinieges e showed grossed i «-5 $2! os;u 'F‘;;!Y;\;yé']r:«m; 3; ;;w Aid-Continent.. 29% 201 zghh"fi"?fi'r;' =g Am Suzar ref 6. l§ 1938, priced to yield about 53 281, compared with $18.605,964 1n the) QECBLGR S e 1607 1698 167 | Jid-Cont pf (. s8% 98% gy [|SEE R Dl E 0IL OUTPUT LARGER. AmT& Tcl trds Mo Pac 6555 E. 1 Loy e e preceding year, an increase of 11 per | Che het12) 1 69% 165% 16718 | A 1aare Deaion. Std Mill (5).. AmMTA& Teltrbs.. 3102 10: g 1 Tallgarten & Co. The proceeds of Yent. . Net after expenses and taxes |ChI&Alton. ... 54 51 5 S i ism 0il Cal (2). NEW, YORK, October 22 UP).—The | Am T & T s ¢ 5s, .. 45 2 102 | Nassau ERy4s57. 1 the sale of this issue will be used to-- was $13,501,226, against $12.464407 a |Chi& Altonpf.. 70 Th T Miller Rub (2).. 3214 3215 8215 3218 | Std Of ‘“’7; daily %il output of the Cities Service | Am T & T deb CT 05 105 10816 o o T B retire the entire outstanding issue of .. :i:;:e , nI::}arfix?:ofi“; 1(:(:‘;‘wm from | Chi il RSP, 9% 9% 8% Min StP&SSM. 35 364 35 36 B it Wer (&) organization in the United States is|Am Writing Pap6s 3 57% 57 574 zg;:;:;: :;: ;& v £.063.000 face amount of 6 per cent- SR484.185 In 1925 to $0.134,338 in 1926, | ChIMI&StPpt 17 17 16% By oo o Mk MB|siompergie):. {now running at the rate of abput et o 103 livorerbyas... o2 B Gue Pebruary 1s 1030, and BNer elEotrlo foon CNeStP ntots 15% 15% 13% Missourl Pacific. 38 g“fidemxh:éu;:' 145,000 barrels, compared with daily | Andes Cop 7srets. 38 106 105% 106 | v Gon gendws.. 2 for other corporate purposes. These « ber of 21344 were MHTLE et gabi T15n Tiok Missourl Pac pf. 87% flsv.ld o javerage production of 30,000 barrels | ATmour&Co dlart 1 904 80y a0l N 1] debentures are convertible at option first nine month L e ios s Montana Pow(5) 9% oA during 1925. A well has been com- | Armeur Del 5%s. . 99k oaic aseg | ¥ Sentdebds 48 of the holder into common stock of b il D e e L. o | Mo Wits). 6% By ehms“‘;;”f A pleted in the new Seminole field, Ok- | Associated Ofl 6s.. 2 1094 1008 1008 | N T CFfIm4%s 13 3 the corporation at the following- Sl e S corth. | CRT& P pf (6) 913 626 S1% €2 Moon Mot (1%). 13w <134 ‘T"“ G Jahoma, flowing 9,000 barrels daily, | Atlantie Refin5s.. 5 100%-100% 100% [ NocoentrlBe oo 7 e e R Sep - st of Nort 91 1% Y Ao ? 56y e it i i 2 51, 3 Nove A ; $42.50 a e ern Ohin Power showed gains in | Childs (32.40)... 46% 464 46 Mol {,‘;‘2?&}‘,’ o _\T;Q;‘fc"(‘,";i‘;‘ n f:j:““'"k,fp"t‘“’_“’ "]‘r;!“f""“"‘f soon will | Barnsdall 6sctfs.. 5 96% 064 961 \'Y('hl&S!LS'sz 1 g;nxr?{inn?@:{:":‘;nlu ot i e <s and net wver the same month - dle Cop 2ty Aoy v 3 IS itz ol 11, | Texas Coct Somplete two additional wells in: this | Fell TeIR PR IR C... 20 102K 108%1006{ N ¥ C KAt LsSA. & up to November 1. 1932: $45 per shars ¢ 11 '"V‘]:f ;‘:;; mi o 2| Munsingwr 3). 36 26 ' | Texas Gulf Sul., g g :et: grealv vfmsss.. 2 o 97 97 INYOntWist4s.. 3 from that date up to November 1 L l”‘ e i 0 100 = S | Tex & Pacific. .. — eth Steelrf 5s.... 2 99 99 99 |N Y Rys8s65. 6 1935, and $50 per. share thereafter. and net -Cola (T)... 148 14810 145% 147 | <h Mot (43 | Tex & Pac C & O ' Washi t Stock Beth Steel 5%853. 17 95 95 45 |NV Ryve6sA65... 2 3995 to $50.250 in T B nipi | Collins & Atk(4) 56" | Nat Riscuit t53 TRIFEATeRE .. ington Stocl Exchange Rerh Steel 6s. 20 100% 100% 100% | K¥ State Ry 4%48. 6 In connection with the operates in and around Akron, Ohio. | '\ .‘1\»&.\“{ M7 j Nat Cash R(A)3 | Tide W Ofl “‘-[5) SALES. Brier § St 1st ”V)! ! 103 103 103 NY W&Bos4%s. 13 number of chain s | Col Fuel & Tron. 39% t Cloak & Suit 19% | Tymken (15). Sartsnn ik Rkiyn Fd zenbs... 5 104% 104% 104% | Nor & S gen b 54.. 11 the Hartman Realty Light f(\r Colo Southern.. 92 S at Dairy (3) 64% | Tobac Prod “) —81 “,‘" at 100 Bush T Bldeg 5s60. 2 101 100 100 Northern Pac 3: 3 formed to acquire title 1 ol G&F) efs 4:5) 83 83 R2% f\:fl( Dpt Stores ?5 | Transcont Oil. 1,“\ 1:‘hg|'ur;§|‘ Ga; lnLl(hl" at 70. 10 at | Talif Pete 6%s.... 17 103% 103% 103% | Northern Pac 4: X 99 man Furniture & Carpet [ Tol G & Epf (T) 114% 114% 114% 114% .\at Distillers. .. e & Tnion Trust Co. —fl!x ,1", 535, Cen Leath 6s 45 cfs 15 102% 102% 102% | Nor Pac 4152047 v‘ 15 estate to be leased to the latter or: Com Cred (2)... 22% 22% 22% 22% Underwood “% 6 G Chile Copper 6s32. 21 105% 105 105% ganization, and on Monday Hallga ok |ComCrpfR(2) 23u 238 235 23% Un Bag& Paper. 44 e AFTER CALL, Col Gas & BI58.... 1100 100 100 #:;2‘:}'::::;;’3 fS ten & Co.. and Ames Emer; p 1 dividends bt befe ComCredtstey g0 0" 80 % Yat Supply (4. gy |UnCarblde (). Sl 92 903 B2 | Sgiandd it Sored ol o | Commonwith Pes. 1104 104 104 |Ore Wash 1st ds... 9 will_offer a tion of om Tn Tr 9 -125 125 s ). sy (B DL one BL. “on Coal st 55 4 % (closed) moriga % SFomsis Brerial Com In Tr pf(T) 971 Nevada Cop (1), 15% 15w 15 13| Un Pacific (10).. 1621 16216 1390 1601 mtr::"zl Metronolitan Bank-—1 at 403, | Con Gas N ¥ 5%s.. 28 105% 105K 105% e 10 of {he Huvtman Re stock, which the New | Com Solv B (8). 180% 181% 180 180 | NY Al Bhke{;; 40% 40% 40% 40% | tn:ll‘;“é‘ U"f(u;- u7_ 117 l%nh 115% oans. 5 and 6 per cent. Consumers Pow 8. 7 1004 100 100 | pennsyl 5s 84 23 o : ko 5 JNeW Conpoleum-N.. 1% 1% 20% 21%|NY Canners(c2) 33% 33y 32 32 |Un 'k Car p i H [} n s 7 a Pk el Tork' stock - . =~ w: g i B ciear & et Bid and Asked Prices. e Gus e, 1 107 107 107 | EonnsY! 6%e g POULTRY PRICES STEADY common is owned I City | Consol Distribut 2 13, x| X CHIRBECCGL) Ued Drag (8)..- BONDS. e e L O e T e e e T CHICAGO, October Power Securities Corporition, which | Consol Gas (5).. 107 107». 105 108 | N¥ Dok, United Fruft (4) 112% 113 112% 113 PUBLIC UTILITY. Ehonbidil a7 4% 94 9 %lPCC&StLGsA.. 2 alive, steady; is in turn controlled by United Lishc Consol Textile.. 3% 3% D 3 aperboard. 18 18 18 Bid, = e o 4% | pPCC & St L 5s B15 22 18a2 S 5 NY NH & Hart. { Utd Paperbo: 8 18 {amer. Tel & Tel 4 Asked. | Donner Steel 7s 16 98 9715 98 Sl Wower. cont Baks A (3) 53 53 b gy | USC1P&F(10) 202 20° TR e DotueaneLighcas 10 100% 106% Josu| Lot & L &FEs .. 6 roosters, 18; 4 R ;2" NY Rys part cfs U S Distributing el & 1034 o 5 195% ] peadine gen 414s.. 11 o ROAD SITE ACTION URGED “iniiamtia” . R () e h P ruher ta s 3 115 1o 1k | B AN A A T 28 LEADS IN BUTTER OUTPUT. pumilseiaiatonog oninEE ) 113;: !';fi:: 263 IR Rkl D S Ind Al pE(D oo, Gooarich 8%s...1. 2 1064 1054 1084 | St L 1MAS RG 4s. 15 Minnesota, which produces one Condemnation of 2 sivip of Jand gin Prod(12%) 464 6% 46 % Vorth Pac (). . nEEEIGE e e a1 StL&SFpldsA. /7 LTI T P o it by o = . ot ® | N v: S nbber. . 915 5 3 \ ha creased rfol 'ad paralieling the Alexandria b e h Of corxine (4).... 2% B2% buM 62y Jorwalk Tlrgo 7 U S Rub 18t (3. ""w'"d; I xuxx"‘ Hershey 5%s. 26 Le - over other States since 1920 by turn- the Baltimore and Ohio Railroad be T A * | Nunnally (1.50) Potoman El e 53 H. d road and Firth Ste N1 F st () 8382k S0 o S A RIENS U S Smelt (313). Potomae 159% Humble O & R5%s 5 ‘L& 14 ing out 245.000,000 pounds in 192: tween Howarg AR NS ucible St1 (5). 70 7012 69 69 |01 Well Sup (2) S Pot. El. Pow. g & Tliinois Bell 1st 8. 3 ol £ riculty avenue to Oxon Run at Blue Plai leible pf (7). 100 100 100 100 | Ofl Well S pf U S 8mpt (334). Wan' Al Vor 108 Indiana Steel 55 4 t L & 174 e Sloners by Melvin €. Hazen, District il o a1 dakomnsenicic 3. e sisler 1B, Int Dasersadt.io. 18 seu o ogng|SLSW 5 e o B tneuncoa iy matine | CUIRICOIL .o @0 3w w3l ON:EIe\lalorM' Utl PELL A (e2) TTRE 0 Int Paper 3s. 54 S:PEK(S::L‘:,Z ‘: Nebraska and Ohio, ranking in that- § : e oL "® | Caban-Am S (1), 2 24 23% 237 Otis Stee % k 2 Int T&T5%s { v o 3 proposed to construct a road throush ydahy Pke (8). 101% 101% 1017% 1011:' Otis Stl prior(7) vanadium (14).. Lt T L, toA'§3. 16 102% 10211099 | St P Un Deps. ... Cleha L i Ly this territory for the dual purpose O sy o hoT . 52 %91 Py N ehGHuttoal. nees cnges ISCELLANEOUS o e konst. 1 105w 103w tons | SAnA&AmP sl 1 utter output of the country. y affording a direct route for the Dis L Va-Caro Chem. . ovs o Clup Sie. .. 1001 " é b raRe. i il # o Hlers Yotuse trucks to the dump to DavisonChem.. 2% 28 28 25 | Packard (1290). Ve Garcn 6% ot Cheginat SAms faliv el 103 R mne 0., 1 'o8% 'of oo | SeabALadiss." 39 WOOL DEMAND GOOD. ° -« be opened near Oxon Run, and open | Del & Hud &) 171 1 10 17 | Palge Mot(130). | VaiGar chotch) 8 e b3es 83.. 11 1037 1031 10056 | Seab A L con 6s... 13 SRS el A the Giesboro Valley for the truck | De! n ' | Pan-Am ( - 5 1 u STON. October 22 (Special—, e Detroit Tid (8).. 138% 138% 138% 138's | Pan-Am'B (8). va lron Coal & C Wirdiman Park Hotel B 5. 08 Liegetc & Myersss 5 101 101 10 | SR 20ITS08 ¢ g3 Fine and medium grades of wool cong T eras % yond in opeged through Detroit Edrts.. 34 3t 31 3u|Pan. AmWnB(2). Skl i e Lorillard (P) 8a... 9 9% 924 ,98% | Sou Pacific ref ds.. 10 tinued in good demand today. with. ! (his sention, the survevor pointed out. | Devoe&Ra(2.40) 314 311 81 31 | Panhandle...... Wabash........ STOCKS. Lo L naG. T 1159 117% | Southern Ry gen 45 73 dealers holding delaines for 46 cents. s e mckn will be ‘required tu Dodge BrosClA 231 235 22 13w | Park & Tilford wabash pf A(5). 4 Louisv 2 % 9% | Soutnert Ty 1 as a minimum grease basis. Fine te e el o mrade Into. Congress | Dodgepf(1). ... 82% 824 824 & PatheEx (cd)... waldorf (1%).. i, o OBLIC UTILTEY. | Manat! Sug sf7%s. 5 98% 981 98%|Term AssoS Titory, ¢lean, was quoted around 11 Helghts. | Dome Mines (2 9w 9 O | Penick & Ford. Ward C1A (8).. A 5 5 104% 104% 104% | Texas & Pacific 1st 3 Low.grade wools were less active, with, . s | Douglas Pec (2). 387% 41 387 41 Penn C &Coke. ward Baking B. Waskineton Gas 18 96% 96% 96% | Third Averef4s.. 6 mills generally understood to have Dupont (14).... 819 319 2084 3141 | Pennsy RR (I) Wwaruner Bros.... Norfolk & Washr fiwambult 2 101% 101% 101% 23d St Ry 5s 62 1 filled their immediate requirements of . CALL MONEY FIRM. Dupont deb (6). 106% 106% 106% 106%; | benn-seab Steel Wurren Bros omas | fi‘n ol Mor's & Co 1st4%s 2 854 854 85% | Union Pac 1st4s... 1 1 bloods. Dealers, however, are hold- . e il S 1. | Peoples Gas (8). Weber (4).... R & B, S Nat Tube 1st6s.... 2 103% 1034 103t ing their stocks firmly. Top makers B M', E:f;ri';f:?’g, v e Lt }.Penmes Gasrts. 2 West Maryland. ks N prilte. . 21atm 10116 101 Dot e et et e report the most strength in fing.. 2 1074 ¢ NY Edison 68 44.. 10 103 103 103 | Union Paecvés... 3 French combed tops for dress good 23% 2315 234 'l.’zl tPacpf(6). 81 81 8 81 Pere Marq (18). 45y Bt bore. 12 32 1 Pere M prior(5) sl Gom (8). 141% 145" 144 144 | National 6%5... 2 1154 with long staple in th b 1em D et g% 20 “gx ap | i § ‘est Unon (8). oy N Y Edison 6% 115% 1164 | wabash 18t 58 2 ong staple in the tops quoted af.. prime mercantile paper. 4%aid. DleiPowsrLi 16 16 5w 15w | TRIAR RO e o ERtee A Commercial NYTeldths ... 13 984 08K 9B | Wanasn sies i .. 16 140 to 112%. Noils are moving bei- L B OT I aéci> 4% 4% OS¢ gt PhilaCopt ( 4T4 474 | Wentinghse (4). N Y Tel 68 41....4. 16 108% 108% 108% | wast Maryland 4s. 19 ter, a stronger tendency. e . Philip Morris. 21% 217 | yyeston Ele North Am Ed 6s... 10 103 102% 102% | western Pactfic 58. 41 99% . 99% 995 i FF&LD( 40%(7) 1014 l\?llz 101 |01‘a PRICES ON PARIS BOURSE. | giec Refrig (c2) 47 PARIS, October (). —Prices | Elec Sto Bat(16) N‘- v B ~ Elk Horn. were strong on the Bourse toda;o h.LHO"\t’f 26 t Shore 1st 4s. 10 85% 85% 85y 9% 96 96 |whela LErt4%s 1 89% 3% 89% GIVES ENGINE CONTRACTS. B AT 7T T'| NEW YORK. October 22 UP).—The Golden Gate Ferry Co., which will add three new Diesel-Electric ferryboats | Phillips Pet (3). 475 48 | qvecton A (2 Phoenix Hosiery 36 36 36 36 | \peel & L Erie. Plerce-Arrow... 21% 21% 20% 21 |(peet&LE pf. | Pierce-Ar pf (h 107 107 106 106 Pycpite Eagle (2) % %4 Y 3| wwhite Mot (4) Nor Ohio T & L 6s. Nor States Fow Pac Gas & El 5s. Pac T & T 1st 58 6 100 99% 99% | wylkes & E Istbs.. 121 3 6 North Am Ed 6%s. z 105 105 105 | w 3 1 Three per cent rentes. 4§ francs 30 EKHorfRL, - £ Tt cauasy centimes: exchange on London, 163 | 25 2% o1 | S e Rock (t2) 26 o e S e oot ums | ngimsars Bub g a0, el i Ee | American securty & PacTaTins . I°lo0 lonk logw| READING ORDERS RAILS. |10, "y “heract to the Tneer' 5 francs. The dollar was quoted at | 1?,!;“,5” 39 ¥ 1% 1% T1% | \jckwire ctfs. - 5 nk. PanAmer Pete7s. 3 105% 1054 mun NEW YORK, October 22 (®).—The | goll Rand C'o. for a total of nine six. 83 francs 67 centimes. \Er‘g];tp s 484 ‘]i:llu_?ll fou;I- o 4 28 v 1.ys—0\0\'-a\ld 1 National Savines & Th i Reading Co. ;m A;rquerded 36,000 tons|cylinder 400-horsepower marine off | teaaint: N b ARG Sl i an Waeh Loan & Tri of steel rails for 1927 delivery, Aivid- | engines. Each boat will be 240 fest ~ UNT orie Stm Shovel. 231 23° am ol s | = SAVI | ed between Bethlehem Steel and Car- | long, and the three will cost ;1 325,0 s TEP S,TATES‘ ST?,,VBES‘;) B veks Vac (). b1 e L | Wiison Pfh”:‘-é; 1:(‘,‘; & Savines.... Phila & RAC &1 1004 | negle Steel. sy 0. B O e oration o, | Fairbanks (3)... 43 43 424 42| Pub SEG BE(E) 1024 102% 103 [RoOTwRELUE) SIS oy e ACTIVITY MAINTAINED. Famous P1 (48). 113% 113% 111% 113 | pullman Co (8). 178 1794 TT4 | \Wright Aero ) P Serv Gas 5%4859. 10108 Sous uuu! COTTON CLOTHS QUIET. NEW YORK, October 22 (#).—Oper- e e ports gross sales of $2. £, PServGas5%s 64." 1 104% 104% H04% | xpw YORK, October 22 (Special).— | 2110n8 of Bethlehem Steel are being’ 36,301 566.300 for the | FATIOUC 1f (8).. 119 119 119 119 | punta Aleg Sug. 38% 394 iEht A sy, omu nine months ended September 25, an - - - DET, o 6o FeaMinpf (1).. 70 70 70 4 70 | PureOil (*). 2% 2578 251y 50y, 28 1 ) her L T ’p.d MotTifs0cy 24 24 235" 287 Pure Ol pf (8).. 109 109 105 | TSIIN LD a ) Remingtn Arms 6s. 11 924 92 82| 1l < ltion cloth market was quiet to. | meintained between b0 and 8 per e \“m‘ Ave (640). 14 14 14 14 |paqioCorpora. 58 60k 5o | 20 v Mne |SoTRst Sinclair Ofl 6s. 10014 dav. with 68x72 print cloths showing a | (ont of capaciy. Eugene G. Grace, 3 First Nat S(1%) 28% 20% 28% zs-undmcp”,*. 9% 49% 19 { Hourly Sales on N - . Markef Giremens 1o 911 | slight decline to 7% cents a yard. m‘ AT da’:’hanudr;-( a:n ‘erh- fall FEDERAL LAND BANK BONDS. ‘mmunb;rfi 1o 164 19% 164! Ray Copper(2ic) Ish 104 185 | unm 461500 12 ;;,, e H¥L5 TR (35| Raw ailc wia steady hers and In Olda. O e e Fisk 1st pt ( £ 7 78| peading (4).«.. - 8% 864 85 1pm. ihoma, wi prices practically ums|g 1eq : : 3 by Alex. Brown & Co. 1 " ea & 3 bia Title A filleq . He 1 3 e R T Asked. | Fleischmn(12%) 46 46% 4% 454) Readingres..... 19 19% 19% | Dividend rates as ziven in the aiove table | I 93 | changed. it ,,;’;,',’":‘r;‘l oyl 3¢ .100% ‘10 al SIk Hos. ... are the annual cas e n the | Title In: . ¥ Py July ", mu 0 9y ll-oundulon (8). 82 82 T8% 80%| pea|Sik Ho 47 a7 46 h ual cash payments based on the | Title Inv. of Md. So Por Rico Sug 1 107% 107% 107% e file sxtent oe: thel Sl e 4 1006 1005 | worBHIIMANG) . (T3 S 12 | Remington Type 101 101 100 | {85 g:,“;:;:‘:;}‘.,, (e ,2.',“ A i,‘:,,, MISCELLANEOUS. Southwest Bellfa. & 102% 10235 u;%y.x INI DIVID v heat RING (ol te Pl . p | I-re:porl- ‘exas. 4 27 Rens & Sara(8). 127 127 ot incluged .G Paner bid. .80 Y ‘HAL END. i 2 4 100 1 BEnEE Sae y 2 prices. 21, ardner Motor. . . % alarter < © 4n stock. a aid forage. 11 nit vidend of $1.16 a share I g 13-5'; : Gen Am Tnk (3) ;gv. 9[32 gv. fi“ ‘l::;r’x‘?ldssgl‘lg)l. mg:: i 5% 109:2 y year—uo, n:v;!;.r u- bg'xu.qéo 5r';n St. pfd. 104 lgg:: been declared on the 7 per cent (‘[‘;:‘" FAGEOL RESIGNS. i E ‘obac . m q bl earned. T = L $ =y s T 6% The| Rey TobasB(0)- 2008 i B i stock " dBavable e carned 06% 1061 | vertible preferred stock of Adolph| NEW YORK. October 22 (@).—F. R. - ioan 1 . 8L B eala i 8 l 50" s in sioek, K 196 1084 Gobel, Inc, for September and Octo. | Fageol has resigned as vice president. . ;‘&- 0313 83% IBA 81%__824 ety (4)._50% & $475in special ber, payable November-1 to holders o!lnnd a director of American Car and: = ) : record October 25. Foundry Motors Co. ' L i 3 ' 1