Evening Star Newspaper, October 3, 1935, Page 17

FIN SUPPORT ARRESTS DECLINE ON CURB Trading Favorites Display General Firmness in Closing Hour. By the Associated Press. NEW YORK, October 3.—Support arrested an early decline in curb stucks today, and trading favorites showed general firmness in the late trading today. Aluminum Co. of America Wwas leader of the recovery movement, Tis- ing 234 to 713;. Gains extended from small fractions to a point in American Cyanamid B, Creole Petroleum, Elec- tric Bond & Share, American Gas & Electric, Gulf Oil, Hiram Walker, Sherwin Willlams and Swift Inter- national. Newmont declined another point to 56. Most of the other backward issues were of the inactive group. BONDS ON THE CURB MARKET. DOMESTIC BONDS. High Alabama Pw 4735 '67 821 Alabama Pow Aluminum_Co Atlas Ply 5'2s Baldn Lo Us 4D a0 483, 4Ny, 49 ' a9 66 633 68 104% 104 88 ‘. G & E 5s on P & L . Denver G I g 2 Det C G: 7 10: 4 f ¥ El Federal Wt Firestone CM 1iisy Florida P&L 20 Gary E & G 84 Gatineau Pw = Rl'y Gen Bronze 6s '40 pd Gen Pb Ut 6l.s A '56 orgia Pw 55 67 en Alden C 4s GG W Pw Cal Guardn I 5s Gulf St Ut 5 Hysrade Fd 6is A Hysrade Fd s B T Pw &L 6is A * Tl Pw & L 5 Ind & Mich E 3s Ind Gas 55 A Indiana Ser 5s Indnp P&L 55 A Internat] Salt 5s Intersta Pw Towa-N L P 3 Tows Pb Sv Jami W § 5 JersCP& LS ) Jones Laugh 12 107% 107 Ken Util 1st 5s 68686 Kentuck U Ken Util 5 Koppers G 86z 8613 H 11053 11033 1103 201, s 1y 1007 10014 881y 88! Qiive L00Ys RS1g 1048 104 0ily Mon W P 5.5 B '3 Narragansett 55 A Nat P & L 65 A 202 Nat P S § Neb Pw 4155 81 Neisner Bros 6s 199 100% 1 Nevada Calif 5s > New G&E Nor Ind PS 55 D No In PS 4!3s E '70 Nor Stat P 4155 'A1 9113 o1 10634 10634 102 104 N0l R0'3 105 105 1094 1031 9 Superpw 1l 6s 61 Tenn El Pow Tenn Pub Ser 5s '7 Texas Elect 5s ‘flg, Tex P&L 5s A Bs 44 P_Ser A 65 '52 York Rwy Bs '37- FOREIGN BONDS. Eu E Cp 6125 '65 xw. 0 6 '61 Vam 'WEC bias A ww_With warrants. warrants. n—New. 8t (stp)—Stamped. §Negotiability impaired by maturity. tCompanies reported in receivershio. ' FEDERAL LAND BANKS NEW YORK, October 3 (#).—Federal Land Bank bonds: (Quotations % 1027% 102 xw—Without Wi—When issued. as of 2 o'clock.) 008, o713 MONEY MARKET. YORK. October 3 (#).—Call money Y4 per cent all day. Time loans 80-90 days. Ys offered: 4.6 months, . Prime¢ commercial paper. acceptances unchanged. e. New York Reserve Bank, NEW teady, | Cables&Wire (A). | Columb O&G vic_ ANCIAL, By private wire direct to The Star. Stock and . Sales— Dividend Rate. Add 00. High. Low. Close. Adams Millis Intal(T) Aero Supply (B).-. Agfa Ansco Ainsworth (a1%) Air Inv Inc war.. Ala Pwrpf (7) ... 20s T0'3 Allled Milis(a25¢) 5 16% Alum'n Co of Am 850s 76 Alum’n Ltd 137 81 3 Alum'n pf (1%).. 5008100'; 100 10 Am Beverage 2 3 3% Am Book Co (4) - 20s 72 AmCitesP&LB 11 3% 3% Am Cynam(40c)B 40 227 22% Am Founders 1stpf D . .__ 1008 Am&For Pw war. 1 | Am Founders .. 3 5% & Am Gas&E (1.40) 11 331 324 Am G&E pf (6) 2008105% 10413 10413 Am Laundry(40c) 3508 191 19 19 Am Lt&Tr (1.20) 4 12% 12 125 | Am Meter Co 15 15 Am Superpower.. 1% 1% Am Superpw pf .. 21% 2% Am Superpower 1stpf (31) ___. 64 Appalachan Elec Pwr pf (1) Ark Nat GasA. Ark Nat Gas cu pf 5% bW Art Met W (40c) . 8% 8% 84 Asso E 1 (p21%c) T T AsSOG&E.__ ) " AssoG & E (A)__. 7 3 Asso G&E $5 pf . 3 At Coast Fisher 5% Atlas Corp (a30¢) 110 Atlas Corp war 3la | Atlas Cor pf A (3) i Auto Voting Machine (t50¢) Ax-Fisher(3.20)A Bickfords Inc (1) Blisa Co (E W) | Botany Cons (d)__ | Blue Ridge Corp.. | Blue Ridge pf (3). Blumenthal S Bower Roll B (1) | Bulovacvpf ___ Brazil Tr L&P.. | Brill Corp A | Brit-Am Oil coupon (80¢) .. | British- Am Tob cou B (a4 1-5¢) Buckeye P L (3) - Butler Bros _ 258110 110 110 5 2 2 2 513 5% 41% 41% % b 7012 T0% 165% 16% 0% 76 3 7 2 5% 2 4% 2 W 0% 3% 334 334 2% 2% 8 224 4 64 5081055 105% 105'% 10 2 1% 2 5% 10% 3w 52% 1113 1% 12 53 11% 10% &| 1in 40 14 Can Marconi_ Carrier Corp_ | Catalin Corp Cent Hudson G & Ectfs (80c) ._. Cert& S W Util _ | Cent States Ele Centrif Pipe (48c) Charis Corp (1) Chi Riv&M (113) Chiids Co of Citv Auto St(60c) | Cities Service Cities Service pf_. . Claude Neon Lts_. J a Clev Tractor Club Aluminum | Colon 01l = | Coits Pat FA 1% Columbia Gas & Elec cv pf (5) 1% | 1 % 16% 19% Com'with Ed (4)_ Com'with&S war Community Wat S | | Como Mines J : | ContG&E pr f(7) | Consol atreraft g Cons Copper i 3 8% Consol Gas of Balto (3.60) _. Cons Retail St Cooper Bessemer. Cord Corp Corroon & Reyn Courtaulds (a39¢) | ane & Co Crane Co pf (33).. Creole Petroleum_ Crocker Wheeler_ Croft Brewing _. | Crown Cent Petr_. Crown Cork Intl A ($50c) 4 | Cueno Press(1.20) Cusi-Mexicana M. | Det Gray fron & Foundry (bluc) | Dictograph Prod._ | Distil! Corp Lta | _ (a%42-bc) ... | Distillers C-Seagr | Distilled Liquors. Doehler Die Cast_ Dow Chemical (2) | Driver Har (a30c) | Duke Power (3) Duval Tex Sulph . | Eastn G&F Asso._ Bastn G&FDfA (6) Eastn Sta Pw (A) | Eastn Sta Pw (B) Kasy Wash Mch i B (a3%e). 14% 110 110 110 21% 21 21% s 6Th 60l LT i 107 33% 1 83, 6% 21 ) 24% | 100; | Elec Bond&Share Elec BA&Sh of (6) El Pwr Associates El Pwr Assoc (A) Elec Pw&Lt 24 pf A 1008 Elec Sharehold'g 1 Emp G&F 7% pf. 100s Emp G&F 8% pf_ 1008 2 Equity Corp 25 Eureka Pipe L(4) 50s 3 Ex-Cell-O A&Tool 26 Fajardo Sug (a3). 50s Ferro Enam(80c). Fisk Rubber Flintkote (1) A Fla P&L pf Ford M Can A Ford Mot Ltd (a17.7¢) Froedtert Gr & M conv pf (1.20) .. 2008 Gen PubSvepf . 10s Gen Tire & Rub__ 100s 3 Glen Alden C (t1) 17 Goldfield Consol_. 1 Great Atl & Pac Tean-v (16)___ 108127 12715 127% Great Atl & Pac Tea 1st pf (7)__ Gulf Oil of Pa Hall Lamp (al0e). 11 5% Harvard Brew __ 2 23 | Hazeltine Corp t1. 1 8% Heacla Min (al0c) Hollinger G(t65¢) Holly Sugar 1008 Holt(H)&CoptA 1 Horn&Hard (1.60)376s Hudson Bay Min & Sm(a50¢) Humble O1l (1)... Hygrade Food ... 111 Pw&Lt $6 ot Imp Ch I (a20%¢) Imp Oil Ltd coupon (t50¢) .. Imp Oil Ltd reg (t50c) ___. Imp TobGB &1 (1.077-10) ____ Indus Finance vte Insurance Co of North Am (2). 150s Intl Hydro Elec Systemevpf __ Int Petrolm(t1%) Intl Products Intl Util (A) Jersey Central P&L pf (1) ... Koppers Gas & Coke pf (6) Kreuger(G)Brew. Lake Shore M(12) Lakey Fy & Mch_. Lefcourt Realty__ Lehigh C&N (50c) Lerner Stores (2). Lone Star Gas 30c Long Island Light Louisiana L&Ex.. Lynch Corp (2) McCord Rad (B)_ McW1ll Dredg(12)400s Mohawk Hudson 18t pf (4) . 508 Mohawk H 2d pf.. 25s Molybdenum _. 16 12% 11% 124 Mont Ward A (7). 50s135'% 135% 13515 Mount Prod (60c) 1 4% 4% 4% Mount State Tel & Tel (8) 108127 127 127 Murphy Co (1.60). 1134% 134% 134% Nat Bella Hess 4 1% 1% 1 Nat Investors ___ 8 115 Nat P&L pf (6) _ 300s 72 Nat Rubber Mach 5 4% NatSugar NJ(2). 2 22% Nat Transit (80¢) 1 9% NatUnionRadio. 3 % % % Neisner Br pf(7)_ 1508104 108 104 finw Brad O (200) 1 2% 2% 2%~ 1 1 250 9 5 3 31 16% 50% 347 20 705130 5 60% 1291 129 59% 60% 5% 5% 2% 2% 8% 8% 10% 10% 11% 11% 88 88 % Th 271 27 7 31 15 2 4008 1 17% 507 1% 2T 8 1814 &2% 1% 293 8 10 1 1 3 18% 18% 181 32 % 258 35 9 2 3 5 1 6 7 2 1 5 30 NEW YORK CURB MARKET | Ruberaid Co (1) _ | Saf Car H&L (3) .. ", | Shattuck Den Min 1 | Smith (A O) __ | Untt Gas Cor war THE EVENING STAR, WASHINGTON, D. C, THURSDAY, OCTOBER 3, 1935. Stock and Sales— Dividend Rate. Add 00. High. Low. Close. Newm Min (al) - 12 57% 55% 574 NY Telpf (6%).. 508119% 119 119% N Y Transit (30¢) 1 4% 4% 43 Niag Hud Pw . 2 T % Niagera Hudso! Pw (A) war._. i Niag ShMd B ___ 6% Nipissing(al2%e) 2% Noma Elec Corp.-.. 2% Nor Am L&P pf . 400s 21 20% Northn Europ Ofl. 2 % Northn N Y Util 50s 97% Y% 61 2% 2% 20 % W W 9Ms 9T 1 114 114 11% 4 28y 27% 281 1104 104 104 208110% 110% 110% 5 34 3 3y PacificG& B 1st pf (1%) 1 281 281 281 Pac Light'z pf (6)300s104 103%; 1035 Pan-Am Air ( 2 387 381 37 Pantepec Oil ___. 56 Parke Davis (11). 4 Pennroad Corp 43 Penn P&L pf (6) 10s Pepperell Mg (3) 10s Phila Co (60¢) - Phoenix Secur . Pierce Governor. Pioneer Gold Mines Ltd (80c) pitney Bo P (20c) Pitts Forge Pitts Plate G($2). Potrero Sugar. Powdrell & Alex (a26c) Properties Realty vtc (a1.45) __ 50s Prudential Invest 1 Puget Sound Pw & Lt $5 of Puget Sound Pw & Lt 36 ot Pyrene Mfg(a20c) B Reybarn Co = 3 Revnolds Invest 1 Richfield Oil (Cal) prior (4) A Poot Petrolmeum Royal Tvpewriter 2 1 2 2 2 Novadel Ag (2) Ohio Oil cu pf (6). Ohio Pwr Df (6)- Pacific Eastern... 1 15% 18% | 8% 36% 151 508 1258 % Russeks Fifth Av St Regis Paper St Rexis Paper pf Salt Creek P(80c) Scovill Mfg (1) _ lected Indus elec Industrie: allot ctfs (314) 1508 Selec Ind pr (3%) 100s 68 70 0 313 34 3y Sher-Wilms (4) ... 2110% 110' 110% AUTONENFORESE ADDED EXPANSIN Industry May Assemble More Than 4,000,000 Cars During Next Year. By the Associated Press. DETROIT, October 3.—If the drive for further expansion of distribution brings the results hoped for, the motor car industry in 1936 will assemble something in excess of 4,000,000 pas- senger cars and trucks. If this program is realized it will mark the first year since 1929 that the figure has been reached in the pro- duction division of the industry. An output of & little more than 3,500,000 in 1930 at present is the high level " | since the top of the boom period in 1929, but this mark is destined to be bettered before the end of the cur- rent year. Considerable discussion is heard in production division quarters at pres- ent as to the probable volume to bLe reached during the final three mouins of this year. In some sources, author- ities emboldened by the remarkuble showing the industry has made to date, are predicting an aggregate for 2R 46 445 458 Sonotone Corp .. 9 2 24U South Am Gold & Plat (40c) Southn Calif Edis part pf (13) 258 Southn Calif Ed of B (1%) 1 Southn Calif Edis of C (1%) = 1D Sou'land R(t20e). 3 Spanish&Genrets 1 Spanish & Gen(B) 1 Sq Deal pf A 2.20. 150s 3 Square Deal (B) .. Stand Brewing _. Stand C&S (2.40) . Stand O!1 Ky (1) Stand Of1 Ohlo Stand Pw&Lt Stand Sflver & T, arrett Corp () arrett Cp prid) Stutz Motor Sunrav Ofl Sunshine Min 1.60 Swift Int] (2) Swiss Ofl (40¢) ‘Tasteyeast(Del)A Technicolor Inc Teck Hughes(40c) Texas Gulf Prod Texon O&Ld(80¢c) Tob Prod Ex(10¢c) Tonopah Mining Trans-Lux Daylite Pic Sn (20c) Tubize Chatillion. Tubize Chatil A__. Tung-Sol Lamp. ... Union Gas (Can) (a10c¢) Unit Corp wai i Unit Dry Dock(d) Unit Founders Unit Gas Corp 2% 14 3% 3% a~s B0 B et Untt Gas Corp pf . Uoit Lt&Pw (A) Unit Lt&Pw pf Unit Molasses Ltd (a6¥%c) 1 Unit Shoe M $21; 2758 U S Elec Pw ww U S Foil (B) (§0e) U S & Int'] Secur 1st pf ww (50c). 1 U S Lines pf 2 United Verde Exten (£20¢) .. 12 United Wall Paper 7 Univ Insurance 50s Univ Prod (a80c) . 100s Utah PEL pL31% 738 Utilities P&L pt 200s Utility Equitie: 1 Utilitv & Indus. Venezuela Petrol . Walgreen Co war. Walker (Hiram) Wayne Pump____. Westn Air Exp(n) ‘West Tab&Sta (1) Willlams(R C) (1) Wilson Jones 134 _. Woolw (F W) 273 9-10¢) Wright Harg t40e % T Yukon Gold 2 1% 1% Dividend rai e At L T X jAnnual rate—plus extra _tAccumulated dividends ~ aPaid this vesr ' bPaid. iast year. dCompanies reported in iver. *hip or being reorganised cEx Dividend Ordered By Columbia Gas On Common Stock By the Associated Press. NEW YORK, October 3.—Directors | of the Columbia Gas & Electric Corp. | authorized today a dividend of 20 cents a share on the common stock, payable November 15 to stock of | record October 19. This is the first dividend payment on the common | stock since May 15, 1934, when the stockholders received a quarterly divi- | dend of 1-800th of one share of 5 per cent convertible preference stock. | In announcing the dividend, Philip | P. Gossler, president, stated that di- rectors will consider the question of declaring a semi-annual dividend on | the common stock six months hence, “based on conditions existing at that time and developments in the in- terim.” The stockholders, he said, “must | appreciate the great uncertainties in the situation which make impossible | the determination of a stable divi- dend policy at this time.” Declaration of the regular quarter- ly dividends of $1.25 on the 5 per | cent preferred, $1.25 on the 5 per | cent convertible preferred and $1.50 on the 6 per cent preferred stocks was also announced, all payable No- vember 15 to stock of record Octo- ber 19. 2 85 2% 2 13y 16 35 26% 26'% { | BOARD MEETING CALLED BY YOUNGSTOWN SHEET By the Associated Press. | CLEVELAND, October 3. — The Youngstown Sheet & Tube Co. an- nounced today its regular directors’ meeting originally scheduled for Sep- tember 17 will be held at Youngstown October 4. The September 17 meeting was postponed because of the absence of Henry G. Dalton, chairman of the 3% THE expert craftsmen. four pieces for only board, who has returned since from | England. —_—_— Newport News Shipbuilding & Dry Dock Co—~Company with a figure of $15,175,000 was sole bidder for one 10,000-ton Navy eruiser. ‘ " the final quarter of this year of not less than 700,000 cars and trucks. The prediction may not fully terialize, although the programs laid down for 1936 model production could easily absorb that volume without af- fecting factory activity during the early months of next year. During the last several weeks the distribution division of the industry has had under way an intensive effort to clean up current types so that losses would not have to be absorbed in “bargain sales.” 1In some sections this has resulted in a scarcity of cars available for immediate delivery. The clean-up campaign, meanwhile, is going vig- orously forward. This activity will mean heavy de- mands upon the production division once the assembly lines begin turning out 1936 types, and a condition euch as developed in January of this year, when dealers’ orders swamped the factories is not at all unlikely. LONDON BANK REPORT. LONDON. October 3 (#).—The weekly statement of the Bank of England shows the following changes in pounds: Total reserve decreased 3,705.000, circulation fn- creased 3,869,000, bullion increased 74.- 000. other securities increased 4.246.000, public deposits increased 5.961,000, other deposits decreased 6,1588.000: notes reserve decreased ~ 3.799.000 ties decreased 645,000, 3 The proportion of the bank's reserve to liability is 36.09 per cent, compared With 38.57 last week. Rate of discount, 2 per cent. MONTREAL SILVER. MONTREAL, October 3 (#).—Silver fu- tures opened firm. October. 66.20b: No- vember, 66.24: M 67 b—Bid government securi- March, WAR ALARM LIFTS DOLLAR AT LONDON U. S. Unit Hits 4.8953 Mark Before Reacting—Stock Markets Slump. By the Associated Press. LONDON, October 3.—News from Addis Ababa and Rome brought an increased demand for the United States dollar today from continental traders, strengthening its rate at one time to 4.89% to the pound. Control operations and New York offerings, however, caused a reaction and it closed at 4.90 5-16, as- com- pared to the overnight New York rate of 4.897%. < The French franc closed at 74.50 to the pound, as compared to yes- terday's close of 74.44. Security Prices Down. ‘ Prices continued to sag in the Stock Exchange, as the city remained nervous over the Italo-Ethiopian de- velopments. Selling was orderly, however, and was thought to represent more a pre- cautionary markdown by jobbers than active public selling. Nevertheless, | selling was spread over most of the PRESENT A NEW FINANCIAL. ¥y A—17 market, and some of it came from | the Continent. Imperial Tobacco dropped 2 shill- ings 6 pence to 131s 4'2d; Imperial Chemical, 41, pence to 33s 4%2d; Rolls | Royce, 1 shilling 4 pence to 145s 7%d, and Vickers, 172 pence to 17s 3d. Government bonds continued to slip, with the 215 per cent Consols off % to 80%, and the British funding 4 per cent issue off 1, to 111%. Bourse Issues Slump. PARIS, October 3 (#).—Bourse is- sues dropped sharply again today on the darker outlook in the Italo- Ethiopian situation. as well as upon news of weakness in stocks in New York and London. There was no hysteria on the Bourse, but the steady downward pressure was felt on Government is- sues, thé prices of which declined. This sinking was followed by bank, industrial and international bond is- sues. Suez Canal bonds lost 100 points. Three per cent rentes, 76 francs 26 centimes; 42 per cent rentes, 85.65. Exchange on London, 74.41. The dollar was quoted at 15.18%. BELLANCA SHARES LISTED. CHICAGO, October 3 (#).—In the |3 first new listing since August 15, 1934, | the Board of Governors of the Chi- | cago Curb Exchange yesterday ap- | proved the listing of 418,495 shares of common stock, with a $1 par value, of the Bellanca Aircraft Corp. SOLID MAPLE BED- ROOM THAT IS REALLY DISTINCTIVE IN STYLE TALISMAN RUG . The rug shown here is a £@ faithful reproduction of un &8 original museum piece. Yet, the pattern has been lim- ited in number, and carefully woven of select, pure-wool yarns on American looms by The de- sign selected will go excel: lently with a Maple bedroom. A wide selection of other pat- terns, moderately priced, $69. Just picture this solid maple bedroom in your own home. Its early American style and design will certainly win your approval. The mellow coloring, antique finish and careful construction of this suite typifies real distinction. usually low price of the group typifies real Julius Lansburgh value. The suite is dust proofed throughout with generously spaced and reinforced drawers, which slide easily. every detail of this Colonial reproduction has been carefully planned and executed. You may purchase any three of the The un- In fact OPEN A J. L. BUDGET ACCOUNT NOTHING ADDED FOR CREDIT FURNITURE COMPANY 909 F. STREET N.w. w SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers Co. Amer. Beet Am. Tel. & 58 1037, : Sugsr 65 19 Tel. 8%s 1043 & Coke Chi. Northwest. Delaware Hudson Ohio River R. R. 5s 1936 Penn-Dixie Cement s 1 Perna R. R. Co Rep. Tron & Steel 55 1040. Rio Gr. Western 4s 1939 _ Vanadium Corp. 55 1941 Wabash Rwy. Co. 55 1930 Warner Bros. 63 1939 West. N. Y. & Pa. U. 8. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) Rate—Maturity, 2135 Dec. 15