Evening Star Newspaper, October 31, 1929, Page 14

14 #x= G0OD GAINS NOTED INBANK CLEARINGS Fifth District Retail Sales Also Higher—Capital Trac- tion’s Net Off. BY EDWARD C. STONE. Three important reports of particular Jocal interest came out today—Washing- ton bank clearings for October, the monthly statement of the Capital Trac- tion Co. and the Federal Reserve Boards monthly summary of de- partment store sales, which showed an increase in the fifth district of 5.8 per cent Bank clearings in in Octo- ber amounted to $137.968,.283.75, in comparison _with $137.660.693.74 _in the same month a vea: ago. accord- ing_to_the report of the Washington Clearing House As- sociation, Clea ings in the previous month were con- siderably lower, being $114,986,938.61. Total bank clearings in the National Capital for the first 10 months of the present year stand at $1,245,054,361.05, against the lower figure in the corre- sponding period last year of $1,183,037.- 944, this city George E. Fleming. The substantial gain in the number of checks passing through the local clearing house indicates that business so far this year has been well ahead of last year.” The gain in clearings in October, however, may or may not in- dicate an advance in business condi- tions. A factor that must be taken into consideration this month is the Wall Street panic. This set people every- where to making out a countless num- ber of checks to cover margins or buy stocks at the lower levels. Below is given a comparison of local bank clearings for the first 10 months of 1929 and the corresponding period in 1928: Month. January Feoruary March April May June July .0 August Eeptembet Gctober Totals : 7 Department fiwu Sales Gahl. Department store sales for September were 2 per cent larger than in the cor- | responding month a year ago, accord- | ing to reports to the Federal Reserve System by 523 stores in 229 cities. For the first nine months of 1929 sales were 3 per cent larger than for the same period last year. Inventories of the reporting depart- ment stores at the end of September were at about the same level as a year ago, according to reperts from 433 stores. Changes in sales and stocks of re- porting department stores are sum- marized by districts in the following table, showing the percentage increase or decrease: Federal Re- serve Dist United States 1920. $129.438.201 109.649.040 Stocks. Sept. 30. 0.0 —-18 S Sales— Jan. Fl.m s JRT TO U oo o ! Minneapolis Kansas City.. Dallag San Prancisco ‘The month had the same number of y business days (24) this year and last year. Capital Traction Net Lower. Total net earnings of the Capital Traction Co. for September amounted to $28,342.25, against $33,036.11 in Sep- tember, 1928, according to the monthly statement filed today with the Public Utilities Commission. This is a de- crease of $4,693.86. Operating revenues for the month ‘were $330,038.59, compared with $334,- 500.37 a year ago, a falling off of $4.461.78. 'Operating expenses required $247,256 96, against $247,934.53 a year ago, which shows a reduction in oper- ating costs of $677.57. After deduction of operating expenses and taxes, the corporation had a total income from operations of $57,575.68, compared with $60,735.50 last year, a falling off in this item of $3,159.82. The company’s non-operating income was slightly higher this year than last. ‘The number of revenue passengers # carried on the Capital Traction lines in September was 4,387,659, compared with 4,519,715 in September, 1928, a decline of 132,056 Earnings for Nine Months. ‘The Traction company reported oper- ating revenues for the first nine months of the present year as $3,194,057.66, against $3,236,203.86 last year, a de- cline of $42,146.20. Operating expenses reached the sum of $2,295,305.48, in comparison with $2,- 284,139.31, a falling off of over $11,000. Expenses and taxes showed a reduction of $3,443.20 over the same period last ear. 2 Total operating income for the nine months amounted to $652,871.21, against $691, a slump of $38,703. After all t sual deductions the company reported a net income of $396,899.85, compared with $448929.99 a year ago, a decline in earnings of over $52,000. Revenue passengers carried in nine months this year numbered 42,345,795 against 43,712,612, a difference of 1,- | 366,817. The figures show that the management has made further econo- . mies this year in operating costs and *hat the falling off in revenues has been due to the slump in revenue pas- senger traffic due in a large measure to privately owned automobiles. G. E. Fleming Reaches Home. George E. Fleming, vice president of the Union Trust Co., was greeting friends at the bank today on his return from a two-month trip to Europe. He visited England, Scotland and France and other places and reports a delight- ful trip. Mr. Fleming has been in ‘Washington's financial district for many vears and is a former president of the District Bankers' Association. Busy Trading on Exchange. Trading was active on the Washing- { ton Stock Exchange again today, but not up to vesterday's record voiume. There were some price recessions, but at the same time advances were also scored, Bonds were in fair demand with quotations little changed from yesterday. The most popular bonds were Wash- ington Gas 5s, the series A and B 6: Potomac Consolidated 5s and Chesa- peake & Potomac Tel. of Va. 55. Bank stocks took a prominent place in the day’s sales. Ten shares of Na- tional Capital Bank sold at 230, 10 of Commercial National at 258, 10 Dis- trict National at 220. Ten shares of National Savings & Trust sold at 540, 10 of Union Trust at 311, and 50 shares of Bank of Bethesda at 53. Mergenthaler was one of the most active issues today, advancing to 102 on sales of 73 shares. Capital Traction figured in several small lot sales at 77. Peoples Drug Stores preferred sold at 107Y>, Federal-American Co. preferred at 98, Woodward & Lothrop at 105, while 75 shares of Terminal Refl’l(el’l!- ing & Warehousing Corporation sold at 48. It was voted to close the local ex- change tomorrow and Saturday in con- formity with the action taken in New York. ~Market observers state that con- siderable of yesterday's selling was by local investors who, temporarily, at least, wished extra funds for use in out- * side issues. | AN et oortisnial postsRastse [ & High, | 119% 17% 175% 104 80 i 130% 138 9% 85 9 111 60 310% 23214 235 181 199 104 1990 | 15414 | 680 495 95 18% 62% 7% 1 €65 145% 90% 494 327% 104% 607 617 136% 44 56% 42% 50 22% 4T% sm. “6% 61% 49% 98% 265% 48% 65% 467 9% 48% 59% 23% 63% A4 68% 108'% 4Tk 61% 143% 102% 109 50 109 BB8% 344 62% 132 226 281 119% 111 FINANCIAL TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Dividend Rate. Stand O1l Calif (13). Stand OII N J (12)... Stand ONI N Y (1.60). Stand Plate Glass. ... Sterling Sec A). Sterling Sec pf(1.: 10) Sterling Sec cv pf(3) Stewart Warn(j3%). Stone & Webster. . Studebaker (15). Note—Owing to the tremendous trading on the New York Exchange it is impossible to get the individual sales at this time. ~Prev 1920 Stock and Low. Dividend Rate. Add 184 Alleghany Corp. 204% Allied Ch & Dye (6 374 Allis Chalm (n) (2) 29 Alpha Port Cemt(3).. 17% Amerada Corp (2). 4% Am Brown Bov Elec. 92 Am Bank Note(ft3). 107% Amer Can (15). 136 Am Can pf (7) 76 Am Car & Fay 110% Am Car & F pt (7 35 Am Chicle (2) 20 Am Com Ale ( . 20% Am Encaust Til (2).. 35 Am Kuropean Sec. 50 Am & For Power. 19% Am Hawaiian (1)... 40% Am Home Prd (3.60) 29 American Ice (3).... 30 Am Internat (32) 4 Am La F & Foam! 99 Am Locomotive (8) 112 Am Loco of (7).. 41% Am Metal (3). 3 Am Plano... 73% Am Pow & Lt (11)..¢ 921 Am Pow & Lt Df ()« 130 40 Am Stores (12%) 66 Am Sugar Rfg (5)... 1003 Am Sugar Rfg pf(7). 2614 Am Sumatra (3) 193% Am Tel & Tel (9). 160 Am Tobacco (110) 160 Am Tobacco B (110). 185 Am Type Fdry (8)... 65 Am Water Wks (c1). Am Water W 18t(6).. 87% Am Writ Papr pf (l) 8% Am Zino LA&Sm. 62% Anacon 25 Anchor Cap 12.40) 102% Anchor Cap pf (6% ). 30 Andes Copper (3). 22% Archer-Dan-M (2) 75 Armour Del pf (7) 514 Armour Ill (A) 35 Armour I11 (B) Armour Il pf (7). 35 Asso Appl Ind (4 45% AtIG& W Lof (4).. 30 Atl Refining (13) Auto-Strop Raz ll).. Aviation Corp. Del. Baldwin Loco (new). Baltimore & Ohto (1) Bang & Aroos (3%).. Barnsdall (12%) Beacon Ofl. Beatrice Cre Beech-Nut Pack fl)- Belding-Heminway.. 28% Bendix Aviation (2) 32% Best & Company 116% Bethlehem 28% Bloomingdale Bros. . 472 Bohn Alumn&B (15). 15 112 55 20 Briggs&Stration(2). British Empire Steel Brockway M T (3) Bklyn-Manhat (4) Bklyn-Man pf (6). .. Bklyn Unlon Gas (5) 415 Bruns Ter & Ry S... 2215 Bruns-Balk-Col(3. 14 Bucyrus Erfe (1). 26% Bucyruscv pf (23 Budd (EG) (1%)... Bulova Watch. . Bur Add Mach t Bush Term (g2) Butte & Superior (2) Byers (A M).. . 20 By-Prod Coke (1)..4 63% Calif Packing (4)... Callahan Zinc & L. .. 97 Calumet & Ariz (10). 25 Calumet & Hecla(4). 22 Campbell Wyant (2). 45° Canada Dry G A (6). 191% Canadian Pao (10) 30 Cannon Mills (2.80). 31 Cap Adminstratn A.. 160 Case (JI) (6). 31 Celotex (3).. 21 Cent Aguirre As 1% . 37 Cant Alloy Steel (2). Cent RR of NJ (112). Century Rib Mills... 75 Chi Great Western. 22 ChiGreat Westn nt. 20 Chi M1l St P&Pac... 30 Chi M1l St P&Pac pf. 79% Chi & N W (4) . 21% Chi Pneu Tool. 48% Chi Pneu T pf (3%). 110 ChiH1&Pac(7).... 96% Chi R1& Pacpf (6). Chi R1& Pac pf (7). Chicks ::I;ICOH (£ 2 0 100 “Col Gas & El pf 17% Columb Graph(87¢).. 119 Columbian Carb(16). 24Y% Com Credit «2)... 33 Comm Credit A (3). 31% Comm Invest Trust.. 90 Com Inv Tr pf(6%).. 20% Comm Solvents (n).. 10 Comm&So(b5%stk). Conde Nast Pub (2). Congoleum-Nairn... sn% Contl Baking nt @ Contl Bank NY 1.30, 50 61 Contl Motors 23 Contl Ol of Del. 82 Corn Prod (13%) 20% Coty Ino (£2).. 25 Crossley Radio (11). 77% Cructble Steel (6) Co.... 7% Cuban-Amer Sugar 38% Cudahy Packing (€). 1073 Curtis Pub (16%). 112% Curtis Publish pf(7; 7% Curtiss Wright Corp. 87% 14 Curt Wright Corp A 121% 68% Cutler-Ham (3%). 126% 63 Cuyamel Fruit. 69 21% Davison Chem. 141% Delaware & Hud (9). 169% 120% Del Lack & W (17).. 77 40 Denv& RG Wof.. 33 Devne & Ray A (13). 6% Dome Mines (1)..... 12 Dominion Strs(1.30) 71 Drug Corpn (4).. 25 Dunhill Inter (34 80 Du Pont & r‘dl;ou - THE EVENING —~Prev. 1920~ High. Low. 3914 Prev. 3:15. Close. 41 388 1‘10 265 . High. Low. 41 40 35 0 3-’»0 7 28% 28% 33 31% 49% 49 14 125 114 108% 108% 103% 133 131 136 87 ndu. 113% ll"‘a 112\, 46 31 'ul, 2Q'a ul 4974 67 102 6815 104 104 % 31 81 29y 241 243 240 214 206% 206'% 205 218 218 213 215 1407 140 140 139 109% 98 98 100 101% 101% 101% 102 104 10 10 21 26% % Tk 35 85 156% 124 104 104 3. 250 51 245% 245% 2400 185 185 178 Th 79 5% 58 58 baw 50% 43 43 41% 95% 100 941 200 180 64 4% 24 23% 87 37 37 8% 9 31% 31% 122% 122% 66 57 66 31 26 26 20% 20% 20% 907 90% 90% 85 79 79 19 0% 6% 6% 6 T 40% 38% 404 35% 43% 43l 42 96% 96% 94% 1231 123% 123 40 40 30 67'% 65 67 60 5% 5 5% 3% 75 7 75 16% 14% 15% 29 28 2 2 22 58 55% 82% 82% 1394 130% 130% 121 1% 11% 10 30 30 28 23% 23% 21% 35% 35 334 9% 32 128 153% 39% 3215 53 51% 135 113 22314 66% 58% 14% 17% 8814 255 102% 103% 142 591 102'9 391 2% 9414 23% 73 1% 105 36 1% 107 ST 30 0% 2.5 107 36 26 29 68 68 211% 212 38 3 189% 19: 0% 280% T 3% 40 200 59% 4 | 6% | T9% 38 38 210 210 644 64% 5% b 6% 6% % 1% 9% 34% 35 31% 2814 zSV, 261 | 424 87 5% 6% 12% 364 29% 44’ 39 501 104% 104% 105 30 30 29 60 611 58Y 35 9% 9% n 41 40% 40% 40% | 1477% 1427 147% 131% | 4674 46% 467 467K | 197% 184 184 1 4z 41% 41 89% BOW RO ww. 101% 1 27 33 87 471 90 35% 15% 48 15% 50% 48% 119*' 105« 1ig 9614 100 95% | Mia. 111% 110 113 113 12% 11 21% 20% 91 86 108 104% 37w 37 13117 150 149 54 38 244 95% YO 3b% 39 140 135 113% 113 113% Dividend Rate. East Roll Mill (1%). Eastman Kodak(16). Eaton Axle & S (3).. Eitingon-Sch (2% ).. Emmerson-Brnt A. Eng Pub Serv (f1) Eng Pub Sve pf (5).. Eng Pub Sve of (5% ) Equitable Bldg(2%). ErfeR R. . 1 Erte RRIstpf (4).u Erie R R 2d pf (4). Eureka Vac Cl (4) 3 Evans Auto L(323%). Fairbanks Mor: Fash Pk Asso(k2%). Fed Mining & Smit. . Fed M&S pf (7).... Fed Motor Tr (80¢).. Fed Watr Ser A 2.40.. Fid Phen F Ins (2).. Filene’s Sons. First Nat Stores 1%. Fisk Rubber. . Florsheim Shoe A. .. Follansbee Bros (3). Foster Wheeler (1).. Foundation Co. Fox Film A ( Freeport-Tex: Fuller pr pf (18. 65).. Gabriel Snub A 4 Gamewell Co (5) Gardner Motor. . Gen Am Tnk Car($4) Gen Asphalt. .. Gen Bronze (2) Gen Cable. .. Gen Cable A (4). Gen Cigar (4). Gen Electrio (16) Gen Elec spec (60c).. Gen'l Food Corpn (3) Gen Gas&E] A (el1%) Gen Mills (13%) Gen Motors (13.3 Gen Motors pf (7). Gen Outd Adv A (4 Gen Public Serv(b§) Gen Ry Signal (5)... Gen Refrac (+414).. Gillette Saf Raz(c5). Gimbel Bros pf (7)., Gold Dust (23). Goodrich BF (4). Goodyear Tire (5). .. Goodyear 1st pf (7).. % Gotham Silk H (2 Graham-Paig: 4 Grand Stores (1) Grand Unlon. ... Grand Unfon pf (3).. Granite City Stl (4). Grant (W.T.) ne Grt North pf (5)... Grt North pf et (5) Grt Nor Ore (a1%) Grt West Sug (2.80). Grigsby Grunow (2). Guantanamo Sugar. . Gulf Mo & North, Hahn Dept Store Hahn Dept S pf(6% Hartman B (1.20)... Hawalian Pine 1234 .. Hayes Body b8 % stk Hershey Chocolat: Hershey Choc pf (4). Hoo (R) &Co.... Holland Furn (e2%). Homestake Min (17). Houd Hersh B (1%). Hsehld Fin pf 13.10.. Household Prd (16)., Houston 011 | Howe Sound Hud & Man Ry 3.50 Hudson Manh pf(5 Hudson Motor (5). Hupp Moter (£2). 11linols Central (7) Independ O11 & G (2) 2 Indlan Motor Cycle.. Indlan Refining. Indian Refining ct. Industrial Rayon Inland Steel (3%)... Ingersoll-Rand 16%. Intl Agricultural Intl Agri prpf (7). Intl Busin Intl Cement (4)..... Int Combustion. Intl Harvester (3“ ) . Int Hydro El A (62). Intl Match pf (3.20)., Int Mer Marine etfs.. Int Nickel of Can(1). Intl Paper pf (7).. Intl Pap & P A(2.40). Intl Print Ink (23%).. Int Shoe (23%). Intl Silver (18) Int Tel & Teleg (2) Intertype (f11%4). ... Inter Dept St (2).... Investors Equity(2). 1sland Creek Coal(4) Jewel Tea (3) Jonna-Manvilis 33, © Jordan Motor Car.... Kan City Sou (6) Kaufmann DS (1%) Keith-Albee-O pf (7) Kelly-Spring Tir Kelsey Hayes (2). Kelvinator Corp. Kennecott (5)......0 Kimberly Clrk(2%).. Kolster Radio... Kraft PhCh (1%) Kraft Ph Ch pf (6%) 0SS (160).... Kroger Gr&Bak( Lago Ofl & Trans. Lambert Co (8). Lee Rubber & Tire. Leh Port Cem (2% )« Lehigh Valley (3%). Lehigh Valley Coal. . Libbey Owens (1)... Liggett & My (16)... Liggett & My B (15). Liq Carbonie (t4%) Loew's Ino (2)... Loew'spf xw (6% LoftInc........ Long Bell Lum!| Loose-Wiles (2. so). . Lorillard (P) Co..... Loutsiana Ofl......¢ LouG & E1 A llfi).. Louts & N: 7 Ludlum Steel (2).... Ludium Stl pf (6%). McCall Corp (4) MeCrory B (2) BcKesson & Rob (2). McKes & Rb pf(3%). McGraw-Hill (2).... " McLellan Strs (20¢). i 3 |1 50 Mackay COS (7). .... 21 314 Mackay Cos pf (4)... Mack Trucks (8).... Macy (RH)&Co(et8) Madison Sa G (1% ). Magma Copper (5) Mallinson & Co. Mandel Brothers . Man Elev mod (d5). Man Shirt (2)....... Marlin Rock (13%). Marmon Motor (4). Martin-Parry. Mathieson Alk (e2). Liay Dept Stors(c2) Maytag Co (12). Melville Shoe (1. Miami Coprer . Michigan Steel cu).. Continent P Middle Stat Middle States Oil et.. Midland Stl pf(112). Miller Rubber...... Minn Honeywll t3% . Minn Moline Pwr... Mo Kan & Texas. Mo Kan & Tex Dfl". Missouri Pacific..... Missourt Pac pf (5). Mohawk Carpet 2% 5 Monsanto Ch (g1%). 7 A Montgomry Ward(3) 5 Moon Motor (new). . Morrell J (3.60). STAR, WASHINGTON, Stock and Sales— Prev. Add 00. High. Low. 3:15. Close. Beigigs oSH 209% 198 205 33% 5 ) 130% 25 6% 234 23% 22% a7 87 88 <6 174 171% 41% 341 20% 19% 6 6l M (5).. ). ofl.... Sia 13% 1 THURSDAY, OCTOBER 31, —Prev 1920~ High. Low. 61% Stock and Dividend Rate. 40% Munsingwear (13%) Murraay Corp (k3).. o Myer(FE)& Bro (3). 40 Nash Motors (§). Nat Acme (1%) Natl Bella Hess(21). Nat Biscuit (17%). . Natl Cash Reg A (14) Natl Dairy(c1%).... Natl Dept Stores. Natl Radlator pf. Natl Supply (18). Natl Surety (5).... Natl Tea (1%)...... Neisner Brothers NH&HDpf (1).. Y Ont & West. . N Y Ratlways pf. Norfolk&Wstn(t10). North Am (b10%stk) North Am pf (3)...., North Am Ed pf (6).. Nor Ger Lloyd(3.41). Northern Pac (5) North Pac et (5). Norwalk Tire & Rb Ofl Well Supply Oliver Farm Equip. Olivr Fr Ep cv pt(3 Omnibus Corp. ... Otis Elevator (5).. Otis Steel (2%).. Pacific Gas & E (2) 4 Pactfic Ofl stubs. ..., Pacific Lighting (3).. Packard Motor. . Pan-Am Petroleum. 4 Pan-Am Pete B. Panhandle P & R. Paramount-F-L, ¢ Park & Tilford (33). Park Utah......co00 Pathe Exchange. ... Pathe Exchange A. Patino Mines (3.89) Peerless Motor Car. Penick & Ford. .. Penn Dixfe Cement. . Pennsvlvania RR(4) Penney (1 C).... Pen (JC) pf A (6). People’s Gas Chi (8). Phelps Dodge (3)..., Phila & Read C& I. Philip Morris (1). Phillips Pete (1% “lerce Of).... Pierce Of1 p! 4 Plerce Petroleum Pillshury FI (4234) Pirelli Co A (288). Pittsburgh Coal nf. Pittsbeh Screw 1.40.. Pitts & W Va (6).... Poor & Co (42, P Rican Am To (B).. Postal Tel & Cpf (7). Prairie O1I&Gas 12% Prairie Pipe L t4%.. Proc & Gamble (2). .. Pub Sve NT (2.60)... Pub Sve NJ pf (5)... Pub Sve NJ of (6). Puliman Corp (4) Punta Alesre Sug: Pure O11 (1%) Purity Bakeries (4 Radio Corp... Radiopf B (5)...... 2 Radlo-Kelth-Orph A. 4 Rallway & Exp (2).. R R Sec IC stk C(4). Raybestos M-nmtn. Reading (4).. Readinz 24 pf (2) Real Silk (5). Rels (R) & Co Remington-Ra Reming-Rnd 1st ¢ Reming-Rnd 2d (8).. Reo Motors (+1.60) Rep Brass Corp. . Repub Tr & Steel(4) .. Rep Ir & Stl pf (7). Reynolds Spring. Reynolds Tb B(2.40). Richfleld Of] (2)..... Rio Grande Of1 (k2). Rosaia Ins (2 20) Royal Bak Pwdr(1).. Royal Dutch (23.20 Safeway Stores (3).» St Joseph Lead (+3). St L-San Fran (8)... St L-San Fran pf (8) St L Southwestern... St L Southwn pf (5). Schulte Retal] Strs. 4 Seagrave (e1.20). . Sears Roebck (1274). Second Nat Inv Corp. Servel Inc. ' Sharon Steel H (2) Shattuck (F3) (1), Shell Unfon (1.40). .. Shubert Theater (5). 4 Stmmona Co (3). Simms Pet (1.60) StnclalzOll (12% Skelly Ofl (2) Sloss ShefMeld Snider Packing Snider Packing pf... 4 So Porto R Sug t2%. Southern Cal Ed (2). Southern Dairies Soutl Southern Rwy (8). Spalding (AG) (2)... Spang-Chalfant. Sparks Withngtn(1). Spencer Kelg(1.60).. Spicer Mfg. . 3 Stand Brands (1%).. Stand Com Tob (1) Stand Inv Corp (b6) . Stand Gas & El (33%) StandG&Ept (4).. ___ Sales— Add 00, High. Low. Prev.| —Prev. 1020 3:15] Close. 5 46 46 274% 45 % Submi Sun 0il Tex Gu Thatch Thatch The Fa Thomp: Tide W. 4 Tide W Timkn 2001 148 112% Tobacc Trusco; Un o1l United Unit'd Utd Cor Utd Co Utd Ga: United United U S Ix; Ho! Ruf Rul Sm cdaaqoaagaaaad wununnnnan Vanad Wahas Walwo! Westn Westn Woolwi Worth Yale & Young Young Zenith lase (J Det Edi Gen. A Sales of 1:30 P.M., Dividend rates " ration. in 2 Ahaid o i MBI Fortis s %o 61% 1Plus 8% 1b stock. §Plus Texas & Pac (5) Texas P C & Ol (b§). Texas Pac Land Tr.. Prod ctfs 1 b I’rod ctfs A-1.40. Transcontinental. Trico Prod (2% ). US & Forelgn S & For iac DI(6). Freight (3). Waldorf Systm (1 )fi) RIGHTS EXPIRE Allis-Chal.,n.Oct. 31 Am. Roll. M.Nov. 15 Arch-Dan M .Nov 12 Bangor&Aroos Nov 9 Col Carbon . Domin. cash payments based <UnIt of trading iass than 100 shares FINXNT T prev A5 High. Low. 3:15. Close ine Boat. (p1). Superior OIll. Superior Steel. % Symington A Telautograph 11.06. Tenn Cop & Ch (1).. ‘Texas Corp (3). 1f Sul (4) 5 125 1% oy er Mfg. . er pf (3.60).. ir (2.40). son J R (3.60) ater Asso. ... ater Ol pf (5) Det Axle 180c Timken Roller (3) 0 Prod 1.40 0 N o Produc! w. n Stl (£1.20). Twin City Rp T (4).. Underw-E1-Fish (4) Union Bag & Paper. Unton Carbide(2.60). of Cal (32) Union Pacific (10) Union P: Union Tank Car(5).. Utd Alrcraft&Trans. Utd Biscult (1.60) fic pf (4) Carbon Utd Cigar Stores(1). Cig St. etf (1) rporation. ... rp pf (3). Utd Electric Coal(3) Utd Fruit (cd)...... Utd Gas & Imp (4) . s & Im pt(5) Utd Piece Dye Wk Stores A Stores pf U S Distributing. pres ecur. ffman (4). Ind Alco (6) Leather. . Leather pr pf(7) Pipe & Fary (2). Realty (5) bber. .. bber 1st pf... elt Ref (334). Utll Pwr& Lt A Vadsco S: um (14). Van Raalte. Vick Chemical(2%).. Virginia- Virginia-Car 6% pf.. Virginia-Car pf (7).. L rth (1.20).... Warner Bros Pic (4). ern Br P pf(2.20).. Warner-Quinlan (2). Warren Bros (15) Warren Fdry & Pip Webster-Eisenlohr. . Wess Oll & Snow(2). Wess O & Sn pf (4).. Dairy A (4). Dairy (B). Western Maryland. Western Md 2d pf Western Pacific Western Pacif Df.... Western Union (8 Westngh Alr Brk(2 Westngh EI&M (47, Weston El Instru... Westvaco Chlor (2). White Sewing Mach. Wilcox Ofl & Gas. Wilcox Rich(A)2% Wilcox Rich B (e2).. Willys-Over (c1.20) Wilson & Co. . Wilson & Co A. Wilson & Co pt. orth (2.40) Worthington Pump.. Pump B (6. Wrigley Wm (4). Towne (4)... Yellow Truck & C. Spring (3)... Sheet& T (6) Radlo (2).... Nov 18 Nov. 11 1 . & ison. Strs. . Nov. 8 sphalt.Nov. 27 N » o Bea e OFL Stocks on New York Exchange. 4.472.400 2:10 P.M., given In the above the latest quai vearly dee- $3 In preferred stock. o O Bayable § e otk € Plus 3% tn stoc| TODAY'S CORPORATION NEWS NEW YORK, October 31.—The fol- lowing is today's summary of all im- portant corporation news orspared by Standard Statistics Co., Inc., New York, for the Associated Press: News Trend. The announcement from London that the Bank of England had reduced its rediscount rate from 6'2 to 6 per cent | 38O, was a complete surprise, as rate had been increased from 5% to 614 per cent only five weeks ago. The change in English rate gives color to the report that the New York Federal Reserve Bank will reduce its rate at today’s meeting from 6 to 5 per cent, the level | prevailing at the other reserve banks. The outstanding corporate_develop- | ments were the announcements by nu- 7% mercus companies of the concellation | or extension of rights and the ‘geclara- | tion of extra dividends by several rep- resentative concerns. The withdrawal of offering of rights by Cities Service Co. to additional stock at $45 was the most prominent example of its kind, while Bangor & _Aroostook, Case Threshing and Allis Chalmers permitted extensions. Companics making special cash distributions included American Tobacco, Bon Ami, National Supply and New Jersey Zinc, while F. & W. Grand Stores declared a small stock dividend. The only unfavorable action was the passing of the Tobacco Prod- | mon. ucts Class A dividend, although this step had bheen foreshadowed by recent similar action of United Cigar Stores directors. The Companies. American Tobacco declares extra dividends of $2 cash on common and common B shares in addition to regular quarterly of $2. Archer Daniels Midland earned $2.40 per share in year ended August 30 vs. $4.02 a year ago. Art Metal Construction carned $1.78 per share in nine months vs. $1.22 a year ago. Associated Gas & Electric acquires American Utilities Co. | ber 14, Lines earned $9.30 per common chare in eight months to August 31 vs. 23 cents a year ago. Bangor & Aroostook Railroad extends | date for payment of rights to Decembsr 7 from November 9. Bon Ami declares extra dividend of $1 per class A ang B stock; paid simil# extras in July. J. I. Case date for exercising-of rights extended to November 19 from Novem- Cities Service directors withdraw offer of rights to additional stock at 45. per share in nine months vs. $2.76 year 80. Dictaphone Corporation declares 50 cents extra and regular 50 cents qu terly dividend on common; paid similar extra June 1. Electric Auto Lite earned $10.61 per share in nine months vs. $7 year ago. General Cable earned $3.58 per share in nine months vs. 45 cents year ago. Goodyear Tire and Rubber sub- sidiary to build two commercial air- ships with helium gas capacity of 6,- 500,000 cubic feet for Pacific Zeppelin Transport Line. F. & W. Grand 5-10-25 cent stores declares 5 per cent stock dividend. Jordan Motor Car earned 29 cents per share before Federal taxes in nine months vs. loss of $570,406 in like period of 1928. Loew's Inc. year ended August 31 net estimated at $8.08 per common share vs. $5.98 year ago. Long Island R. R. nine months' net up 25 per cent over year ago. McColl Prontenac Oil declares divi- dend of 15 cents per share on com- McGraw Hill Publishing earned $2.90 per share in nine months vs. $2.41 year .‘gl'luuml Railways of Mexico August balance after expenses up 76 per cent; el.ht months, 13.9 per cent above year Nlflnnll Supply declares extra divi- dend of !2 fln stock; paid $3 extra in December, 1928. New Jersey Zinc declares extra divi- dend of $1 per share. New York State Railways bond in- | terest defaulted; protective committee being formed. 50 cents per class | Grown Cork & and Seal earned $3.44 | ag, |$5.71 per share in nine months vs. $4.89 | year ago. ' Radio-Keith-Orpheum earned 53 | cents per common share in nine months | vs._nil year ago. Sharon Steel Hoop withdraws offer to stockholders of rights to additional common. Studebaker Corporation earned $5.72 per common share in nine months vs. $6.58 year ago. Tobacco Products passes the class A dividend; had been paying 35 cents quarterly. Trico Products earned $5.37 per shflre in nine months vs. $5.41 year Whlbe Sewing Machine earned 91 cents per share in nine months vs. $3.97 year ago. ing earned $7.33 per share in nine months vs. $6.01 yenx ago. SUPERTAX IS ABOLISHED. { Other Reductions. BRUSSELS, Belgium, October 31 (#). | —Abolition of the supertax and great reductions in other taxation was decided , upon by the cabinet council yesterday, the session having the unusual distinc- tion of King Albert presiding. Ever since the financial crisis which reached its climax in 1926, when the franc was stabilized under the financial dictatorship of Francqui, Belgium tax- payers have had heavy burdens. The cabinet approved tax reductions of $25.- 000,000 as well as abolition of the supertax. This tax was imposed on the last tri- party government by Socialist ministers. Man’s Auto Hits Tiger. While motoring at Glen Morgan, Southern India, on a dark and misty night recently, A. H. Jackman met three | full-grown tigers in the center of the road. He at first thouf Jjackals, but when he realized that they were tigers he stepped on the accelara- tor, hoping the animals would scatter. The car caught one of them full force 4 | Stocknoim, " vParity extra. sPras | n | b EuE B ek | Puuburgh and West Virginia earned || Westinghouse Electric & Manufactur- | | Belgian Council Also Decides on | TXL. ISTOCKS GO HIGHER IN ACTIVE BUYING Market Continues Recovery as Short Session Is Open- ed at Noon. By the Associated Press. NEW YORK, October 31.—Stocks | were hurled upward from 2 to nearly 12 points at the delayed opening of the stock market at noon today, as a huge accumulation of buying orders were dumped onto the market. Columbia | Gas opened with a block of 30,000 shares at 89%, up 11%; 30.000 shares of Radio was taken at 51'4, up 6%, and 15,000 shares of Columbia Grapha- phone at 303;, up 4%. American Tele- phone rose 9 points to 249 in a trans- action of 5.000 shares. United Alrcraft jumped 734 to 61, with a block of 12.- 200 shares. National Lead rose 5 points, | Pan-American B and Missouri, Kansas, ITexM 2 points B NEW ALASKAN CAPITOL IS LIKE SUN PARLOR JUNEAU (#).—The new capitol of Alaska will ressmble a huge sun-par- lor when it is completed two years { hence. ‘To make the most of the short day- light hours in this locality, architects have arranged for « maximum of win- | dows. Marble corridors and Senate and | House chambers with appropriate orna- ments will greet the cight Senators and sixteen Representativcs when they as- semble here in March for a 60-day session. The governor’s suite will be in keep- ing with the dignity o the office. The various Federal and territoriael offices, which have been scattered around Ju- neau since the capital was moved here frol{t Sitka, will be assembled under one roof. The new capitol will cover 15800 square feet and will be six stories high, TREASURY CERTIFICATES, (Revorted by J & W. Seligman & Co) Rate Matunity ofir Dec 15, 9031-32 1001-33" 100 1 -32 100 12-32 100 16-52 © 100 12-32 100 16-32 e 98 14-32 !‘OR EIGN EXCHANGE. (Quotations furnishec by W. B. Hibbs & Co.) Nomirial ¢oid Selnng checks value {or_par). Merown SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co) Allis-Chalmers Co_ 5s 1937, Aluminum Co. Amer. Hud. Ry. Co. 7s 1930 Edison Bl Tilu. of Sos. 4o 1930 Gen. Mot Acc. 65 1937.. General Pet. Corp. 55 1940-- Goodyear T. & R. 5s 1957 Grand Trunk of Canada 65’1336 1 Guit ol of Penn 55 1937 . a5, 5 Ry 55 1631 . Ry. e, 4s 1832 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 63rd Issue ot Stock Now Open for Subscription Shares of Stock, $1.00 Each - Payable Monthly James E. Connelly James F. Shea President Secretary Real Estate Loans Applications invited at lowest rates and commission —econom- ical consideration for _borrowers. Both large and small loans mnegotiated— prompt replies. Moore &Hill, Inc. (Since 1900) 730 17th Street N.W. 10/ Mortgage Bonds of the 2/0 Federal Security & Mortgage Company bear $6,000,000.00 guarantee and are secured by conservative mort- gages on home properties. When you bring- your avail- able funds to us for investment, you will have service which is so thorough, alert and useful that it wins and holds as clients the most representative citizens ol this community. Pederal Security on the hind quarters, knocking it down and running over it. There were loud Packard Motor Car president expects Diesel engine production to contribute | Atlantic Gulf & West Indiss S. S.to profits by Sunwner of 1930. A roars and yelps from the injured, but Jackman, although his car was dam- ! aged, did not stop to give first aid. ¢ Mortgage Co. 31522 K Betrece NW. Washington, D. C.