Evening Star Newspaper, October 4, 1935, Page 18

A—18 *¥% THE EVENING STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 4, 1935. FINANCIAL, DEPLSTS HOUNT [TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE[STUKSE) DAY 2:30 p.m. Stock and um— Prev. 1035 e ean okt Gt 2:55 Net |Hish. Low. Dividend Rate. Add 00. . Low. Glose. obgs. | High Low. Dividend Rate. Add 00. High. Low. e Chel Ihtie st S BE ot ate: Al Hish. Low. Close. Chge. High. Low. _ Dividend Rate. Add oo.m,’m e _mcu- 1* g% g:::n P - 2 * :““ - 5::: agu ::.y:uc?'w o ‘ w« 14 u + % llz::: fig.guagy.:’.;xsaocifl 30 11 10% 10% + '» ‘ Tess. .. 1 Y N aytag p - * ou Porto ug 2 24 2 DAt 80% 40'4 Cuban-Am BuE pE-. 3508 68 - % Market Scores Modes! Rise 4 o1 H 68 +1 | 103 843 Maytag 1st pf (6} 1008 1000 150 132 Sou Porto RS pf(8) 10s 138'% N = I 3| 22% 15 CurtiaPublishing. 8 16% 16% + %| 6% 3 MengelCo—————ru 5 5% 23% 10% Sauth Cal E4 (1%). 2200 pi B B AMOTeescEB(OVIE e anc 105% 89% Curtis Pubpf (T)— _ 9 10213 1027 +17| 42 208 Menel Cov 2508 39% 213 12% Southern Pacific. - 178, e : Predict Large| % & Amiisted Pro csoe). 61 6%+ | 3% 2 CurtissWright__ 112 34 2% 27% 22 Merch&M Tr (160). 508 | 165 53 Southern Rallway_. 85 «Financiers Predic G 1524 1043 Alr Roduotion (13)- 1 1] 108 G Gurtias WrEhtCA) 135 B o B4+ %| o e e tachine () 12 3 7 Southern Rwy pf | 23 12 Eoa el ' xcept for Softness o Rail Issues. STOCK AVERAGES 30 15 15 a0 Indust. Rails. Util. 8t'ks. Net change. +.5 +.1 +.1 +3 FINANCIAL. : i 20% 15% Al (160¢) o154 1 3L 16 Cutler Hammer.... 6 31% 30% 31% +1% 215 Miami Copper___. 59' Spang Chalf pf $3% 84% Gains Will Be Shown i ::lfe:.c;'::(a)_:;)_. 1% 91 Mia-Cont Pet(albc) 6 314 Sparks-Withington. 19% 6% Alleg prpf (d)_____ 14 22% Deere&Co.___ . %) 39% 38% 39 + % 8 Midland Steel Prod. 8 32 Spencer Kell (1.60). by Next Call. 3014 21 Allerheny St1 (1) i 25% 19 Deere&Co pf (375c). 2 2T% 2T% + % 60'4 Midl'd St 1st pf(8) 390s 114 T4 Sperry vte (a25¢).... 173 125 Allied Chem (6) 165 23% Delaware & Hudson 31 31 -1 58 Minn Hon R (13)_. 1102% BY EDWARD C. STONE. 4% 314 Allled Stores ._._. 6 11 Del Lack & W 184 13% + % 3% Minn Moline Pw. 12 4 Several Washington bankers pre- | 1% 49 Allied Stores pf (5). 65 Detroit Bdison 9% 99% -1 31 Minn Moline Pw pf. 1 -ee dicted today that aggregate deposits e s e = 5 261 Diamond Mtch t1%. % 35' Devoe & R (11) A__ 37 37 + % 10% Misston Corp. - - . king institutions in th E 3% Dothe MiDes 132) 3% 37 213 Mo Kans & Texas__. “in the 22 banking institutions e| 57 = 14 Dome Mines £ 3 « 413 Am Ag Ch(Del) (3) 1715 Doug! ir (aT8c). 5 . DR et s Splegel-May-Stern_ 4 Stand Brands (80¢). 39% 39% 5% Mo Kans & Tex of_. 4 9% 4 1(d) _ $1pf(ar. ‘eity will show substantial gains fol-| 8215 1315 Am Bank Note ___ lowing the next call for condition is- , sued by the controller of the currency. ! 1t is believed that total deposits will not only be well ahead of the figures on the call of June 29, 1935, but also a good deal above the totals for the call of March 4, 1935. Total deposits carried in the Wash- . ington banks last March aggregated . $275,226,551.85. By June they hed dropped to $266,586,839.82, a decrease jof notable proportions, partially due 'to the intangible tax. The fact that deposits are now believed to be higher than the March figures is of great importance for the reason that the March totals were the highest since the Nation-wide bank holiday. If the aggregate deposits pass the March figure by a considerable mar- gin, they will be near to the all-time high mark for Washington. It is also stated in the financial district that some individual banks are likely to report the largest deposits they have ever had. That will be a remarkable record in view of the low interest rates on savings deposits that the banks are now paying, and will present a strik- ing illustration of the confidence that the banks have regained, due to a great extent to the protection sup- plied by the Federal Deposit Insurance Corp. Farm Prospects Brighter. The Federal Reserve Bank of Rich- mond reports this week that prospects in agriculture in the fifth reserve dis- trict are better than they were last 384 21 Am Brk Shoe (1) __ 128% 119 Am Brk Shoe pf (7) 146% 110 Am Can (t4) —— 168 151% Am Can pf (7). ___ 25% 10 Am Car & Foundry_ 57' 25% Am Car & Fdry pf_. 8 Am Chain 107 38 Am Chain pf(!l%). 96 66 Am Chicle (13) ._.. 33% 2213 Am Comel Alcohol... 17% 63 Am Crystal Sugar.. 86's 72 AmCrysS1istpf6. 100s 9% 2 Am & Forelgn Pwr. 34 12 Am & For Pw $6 pf. 14 Am & For Pw $7 pf_ #7% Am & For Pw 24 pf_ 8% Am Hawailan S8(1) 2% Am Hide & Leather. 17 Am Hide & L pt 29 Am Home Pr (2.40). 214 AmIce ____ = 4'3 Am International._. 9 Am Locomotive - CIST YT, EL TPty » - 1315 Am Metal 72 Am Metal pf (32).—. 1'5 Am Power & Light_ 8% Am Pw & Lt $5 pf__ 10% Am Pw & Lt $6 pf_ 10's Am Kadiator = 15% Am Roll Mills a30c. 66 Am Safety Raz (5)_ % 43 Am Seating vtc _... 26'4 20 Am Shipblde (2) __ 51% 31% Am Sm&Refining. . 117% 103 Am Sm&Ref pf (6). 144 121 Am Sm&Ref pf (7)_ 12 Am Steel Foundry . 3314 Am Stores (2) ____ 51 Am Sugar(2)._ 18'3 Am Sumat Tob (t1) % 987 Am Tel & Tel (9)__. 72'3 Am Tobacco (5) .. 74% Am Tobacco B (5)_.. - BaNwlenwnl~mn @ T TP e 23% 137 977 11% 100'5 131 Dresser Mfg A bl%. 6% Dresser Mfg B 12% Duplan Silk (1) 113% 103 Duplan Silk pf (l).. 135% 86% Du Pont (13.60) .. 131 126% Du Pontdeb (6) .. 115 104 Duquesne Lt 1st(5) 8 3% Eastern Roll Mills_. 161 110'; Eastman Kod (15).. 29% 16% Eaton Mfg (11) ..o 7% 3% Eitington-Schild._. 3213 19% Elec Auto L (a30c). 1131 107 Elec Auto L pf (7). 10% 37 Electric Boat_ - 8% 5% Elec & Mus Ind___. 7% 1 ElecPw&Lt. 28 213 Elec Pw & Lt $6 pf. 32 3 Elec Pw & Lt $7 pf. 49’5 39 Elec Stor Bat (2%). 132 125% Endicott-Joh pt(7). 41 14 Eng PubSvesipf_. 7% 4's Equit Office Bldg-—. 14 TaBErleRR Z 173 81y Erie R R 1st pf 14% 10% Kureka Vac C(80¢). 23% 16 Evans Products(1). 5 2 Exchange Buffet _—_— 26'; 17 Fairbanks Morse__. 5% Fed Lt & Tr 54 Fed Min& Smpf __ 3% Fed Motor T(allc). Fed Water Sve (A). 161y Fed'd D Strs (160c). 13's Firestone (40c) .. 84'; Firestone pf A (6)_. 45 First Nat Strs (2%) 2'% Follansbee Bros(d). 20% Food Machine (1)_. 974 Foster-Wheeler . 1 our Nat Iww a1.10. 30% Frank Sim pf $3% . 17% Freeport-Texas (1) \s Freeport-Tex pf(6) 74 Gabriel Co (A). 114 6 - 9% 4'3 5ia 2 129' 23 20 120 1 2 114 4 158‘6 15!!, lfiab S% 31% 30% 80% llllh 110 uoy. 5\ 4'a 21'; 23'% 45'% 36% 6 9% 12'e 123 A+ 3% £+ 4+ ORI < T R Al 1'4 Mo Pacific pf (d)__. 10% Mohawk C M (a25c) 55 Monsanto Chem(t1) 21% Montgomery Ward. 50 Morrel & Co (3.60)_. % Mother Lode . 17% Motor Products (2) T3x Motor Wheel (60c) - 9% Mullins Mfg (A) .. 913 Mullins Mfg (B).. 62 Mullins Mfg pf 13% Munsingwear Inc. 4% Murray Corp. 11 Nash Motors (1. 45 Nat Acme Co 6% Nat Aviation._ 22 Nat Biscuit (1 131 Nat Cash Reg(50c). 12% Nat Dairy P (1.20) . 1% Nat Dept Stores (d) Nat Dept St pf(d) _ Nat Distillers Nat En & Stp ( 21% Nat Lead pf (6) B 4% Nat Pwr & Lt (80¢c) 40% Nat Steel (11) 36 NatSupply Copf__. 814 Nat Tea (60c) 43% Newberry J J(1.60) 4% Newport Industries 183 N Y Alrbrake ___ 12% N Y Central RR 6 NYChicago& St L. 93 NYChi&StLopt H & Hartf of Y Ontario & West '. NY Rwyspf (d)_ 6's N Y Shipbuilding. 69 N Y Steam pf (6) _. 79 N Y Steam 1st (7). 99 Norf & West pf (4)_ 2 North Am Aviation ' 116 111 $6p1(d)_ 27% Stand Oil of Cal (1) Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 35% Stand OILN J (11)_. 12!, Starrett (L'S) (1) . 58% Sterling Prod (3.80) 1'x Sterling Sccur (A)-. 6% Stewart-Warner. 2! Stone & Webster__. 2Y Studebaker Corp... 60'3 Sun Oil (1) eemeee 1% Superior OIl 5 Superior Steel_ 18 Sutherl’d Pap t60c_. 3% Sweets Coof Am___. 14% Swift & Co (1506) - 1% Symington (d) . 1% Symington (A)(d)- 6% Telautograph (60c) 4 Tennessee Corp. .. 16'; Texas Corp (1) 28% Texas Gulf Sul ( 14 Texas&PacRR _. 3% Tex Pac Coal & Oil #'3 Tex Pac Land Trus! 13% Thatcher (1). ‘Today, 1 p.m. 66.6 23.5 36.1 482 Prev. day... 66.1 234 360 479 Month ago. 66.7 265 37.8 49.4 Year 496 261 281 384 1935 688 276 393 50.9 1935 v 495 185 216 348 1934 614 430 406 514 1934 453 228 242 349 1932 - 175 8.7 239 169 1929 11469 153.9 1843 157.7 1927 low... 516 953 61.8 61.8 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK. October 4—With the exception of softness among rails, the stock market made modest progress toward higher levels today. The main body of active shares worked 1 to 2 points higher, but yielded a portion of the advantage during the final hour, The closing tone was steady. Saley approximated 1400,000 shares. 50 Thatcher M Dl(u 60) 2 Third Avenue_____ 16 Third Nat In (a%e) 13% Thompson Products 17 Thompson Starrett. T Tide Wat Asso O1l . 84 Tide Wat A O pf(6) 4% Timken-Detroit __. 28% Timken R B (1) __ 7% Trans & Westn Afr_ 4% Transamerica(30c). 55 Transue&William 174 Tri-Contl Corp _ 4l Truax-Tra Coal_. 32 Truscon Steel th Century Fox pf The commodity trend was mixed, Wheat closed irregulariy lower, while corn was a trifle higher and cotton advanced 25 to 40 cents a bale. Cor- porate bonds were lower with low- priced rail issues particularly soft, | Foreign currencies were easy. Among shares ending unchanged to fractionally higher were United States Steel, Bethlehem, General Motors | Chrysler, American Can. Phillips Pe- trolevm, American Telephone, Public Service of Mew Jersey and United Aircraft. The majority of mining hares got up a point or more, in- year at this season, and while prices 30 1atand 5% Gen Am Investors.. 9 85 23 TwinCity RT_____ for the leading crops, cotton and to- bacco, are lower at the present time than a year ago, increased yields indi- cate that farmers in this district will probably have at least as large incomes this year as they did in 1934. Sup- plics of food and feed crops are abun= dant, the review says. | The August commercial failure rec- | ,ord in the fifth district was less favorable than the national record, although fewer insolvencies were re- ported than in August last year. 31, Failures in the district totaled 39, 52 compared with 30 in July and with | 1221117 51 in August last vear. Aggregate | ,g;- liabilities last month amounted to| o $1,431,207, compared with $601,923 in 8 “July. 1935, and only $440.675 in August, | 87, 1934. Fewer failures were reported| 15 for August this year than for August| 40 * last vear in only four of the 12 Federal Reserve districts, while lower liabilities were reported this year in six districts. Textile mills operated at a higher rate in August than in July, adding to pay rolls in that industry. Tobacco {factories continued operations at about the same rate in August, although out- 60y put did not quite equal the record, 26% month of July. Work in construction [ 18 flelds was more easily obtained in| g August this year than in August last| gg ° year. Fall harvesting operations are| 10m giving more work to agricultural work-| 51t ers than they were able to obtain dur-; 19 ing the growing season, the bank re-| 14% . port asserts. Bank Sees Confidence Gains. This_month's survey by the Guar-| anty Trust Co. received here today, | gays i “Further bases for confidence in the business outlook have been found in the developments of the last few weeks. One of these, of course, is the adjournment of Congress without en- <actment of some of the more drastic «legislation that was proposed. “Another is the statement of the ¢ President intimating that the founda- tions of the administration’s program have been substantially completed and ;that the actions of the executive and | legislative branches of the Govern- ment are likely to be less unsettling to * business in the future than they have been in the recent past. “A third is the prompt and orderly scttlement of the bituminous coal strike, except for a few thousand workers, reported on September 26 after a suspension of operations last- “ing only six days, described as the shortest in the history of the industry. “At the moment the most discon- -<certing influences are found in the sit- uation abroad.” Acacia Wins Special Honor. The Acacia Mutual {Life Insurance 'Co. has won a place as one of the ‘50 direct mail leaders in the United States and Canada for 1935, an award of the Direct Mail Advertising Asso- ‘ciation. This is the fourth time Acacia has been given this honor and 1s said to be the only company that has received the award that number ©f times. E. M. Thore, assistant counsel of the Acacia Mutual Life Insurance Co., is scheduled to deliver a paper before the legal section of the Amer- ican Life Convention at Chicago Monday, October 7. The paper is entitled “Right to Offset Mortgage Indebtedness Against Death or Dis- &bility Claims.” The Department of Commerce re- yorts that rural sales in the United States in August were 7 per cent| 24% @bove July sales and 17 per cent in | 100 excess of those recorded in August,| 1% 1934. Sales during the first eight | oo months of 1935 were 225 per cent| 573, 19% The Securities and Exchange Com- | 33% mission has asked the Investment| 107 Bankers' Association to continue its| 8% work on a code of fair practices be- | ;57 tween dealers, also aimed at the bet- | ggy, ter protection of investors. It is| 713 hoped that some code along the lines | 81 of the code for the members of the| 94 American Bankers’ Association may 53% be worked out. Securities Here Are Strong. Prices were firm oif the Washing- | 102% ton Stock Exchange today. Capital | 23% Traction 5s recorded two $1,000 sales sg'lf at 953. Woodward & Lothrop com- 3.,,/‘. mon came out on two 25-share sales at 40. Washington Gas Light stock figured in a 35-share turnover at 62. Real Estate Mortgage & Guaranty preferred appeared on the board at 4i3. The market closed with 9112 bid and 93 asked for Anacostia & Potomac Railroad 5s. The bid on Capital Transit stock was 17, with 18 | 10% 7 72 The Chesapeake & Potomac Tele- phone Co. furnished its share in the Bell System’s gain of 92,000 stations in September, the Washington unit having shown a steady advance for months. It was the best gain since 1929. The Investment Bankers’ Associ- ation has just admitted 13 investment houses to membership, including the newly organized firm of Stanley, Mor- l #an & Co, New York. rs 129'x Am Tobacco pf (6).. 247% 161% Coca-Cola (8) ... 53% Coca-Cola A (3)._.. 55 65 15% Colgate-P-P (50¢) . 1| 17% 17 9 Collins & Alkman._ 30% 30 69% Collins & Atk pf (7) 1!0- 105 103% 104 - Ao 9 Am Type F pf (d)._. g H 2% Am Writ Pap pf (d) 3 AmZinc& Lead. . 31 Am Zinc & Lead pf. 8 Anaconda Copper__. 16'4 Anaconda Wire ___. 107 Anchor Cap (80¢) .. 96'3 Anchor Cap pf(6%) 31a Andes Copper.. 112 A P W Paper__ 36 Archer Dan M Archer Dan pf (1) .. 3'% Armour of {llinois . 55! Arm’r(I11)pr pf () 161z Armstrong Cork 500 4 Arnold Constabl 3% Artloom Corp 7'z Asso Dry Goods... 29% Asso Oil (a80c) - 35% Atch To&S Fe (a2)._ 667 Atch To&S F pf(5)._ 19% Atlantic Coast Line. 3 Atl Gulf&W Ind 20% Atlantic Ref (1. 15 Auburn Auto 5'3 Austin Nicho 28, Aviation Corp(Del) 1'; Baldwin Loco (d) 7's Baldwin Loco pf (d) 7'3 Baltimore & Ohfo_.. 913 Baltimore & Oh pf_. 361 Bang & Aroos (2%) 32 Barker Brothers of 574 Barnsdall Corp t60c 37'; Bayuk Cigar (11) ... 14!x Beatrice Cre (a50c). 11's Belding-Hem (1)._. 117 Bendix Aviation __. 15'4 Beneficial Lo (1% ). 34 Best&Co(2) __ 21% Bethlehem Steel 55% Beth Steel pf(a1%). 14% Bilgelow-San Corp-. 9% Blaw-Knox 6% Boeing Airplane __ 298 Bohn Alum &Br (3) 90 Bon Ami (A) (14) .. 38% Bon Ami (B) (2)__ 21 Borden Co (1.60) 28Y% Borg-Warner (2) 8!3 Bridgep't Brass 4 24'; Briggs Mfg (2) __ 23's Briggs & Strat (3) . 30% Bristol-Myers (12)_ 3613 Bklyn-Man Tr (3) _ 90 Bklyn-Man T pf(6)_ 43 Bkiyn Union Gas(5) 125% 121'4 Brown Shoe pf (7). 3% Brunswick-Balke._. 4% Bucyrus Erie - ___. 813 Bucyrus Erfe cv pf 3% Budd(E G)Mfg .. 23 Budd(E G)Mfg pf_. 213 Budd Wheel ______ 8% Bullard Co 17 % Burns Bro!(A)(d)_ 16 3 Burns Bropf (d) _ 1740s 13% Burr Add Mch(60¢) 11 1 Bush Terminal (d). 1'i Butte Copper&Zine. 11% Byers (A M) 30 California Pkg(1 ;fi) % Callahan Zinc . 21, Calumet & Hecla___ 713 Campbell-Wv ad0c._.. 4% Capital Admin (A)- . 32'3 Cap Adm pf A (3)__ 45% Case (J 1) Co. 3615 Caterpillar Tr (1) 191 Celanese COrp-——co. 17 Celotex Co (d) .. 11% Celotex Co pf (: 38% Cerro de Pasco (4). 3% Certain-teed Prod. . 2 87% Ches & Ohio (2.80)_ 36 Chesapeake Corp(3) 15% Chi Mall Order (t1) % Chi Mil StP&P (d). 2 Chi M StP&P pof (d) 1M Chi& N W () o 35 Chi & N W pf (d)__. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf... 313 Childs Co 9 Chile Copper 31 Chrysler Corp 14 City lce & Fuel (2). 69% City Ice&F pf(6%). 12% Clark Equip (80c) . 27% Clev Graph Br (t1). 6% Colonial Beacon Ofl. % Colo Fuel & Ir «d) _ 2 2% 3% Col G & El (a20c)__, 190 35% Col G & K pf A 5 31 ColG&EDSf (). 34% Colum Pic vte (1) 67 Colum Carbon (4)__ 391 Comecl Credit (233). 119% 112 Comcl Cred pf(5%). 56% Comel Inv Tr(12.80) 115% 111 Comel 1 T cv pf (6). 97% Comel In T pf(43%). 17% Comel Solv (160¢).. % Comw & Southern.. 29% Comw & Sou pf (8). 27 eanm.um-nu ). 9 Congress Cigar. 23% Conn Ry&Lt (434)_ 41 Conn R&L pf (4%). 7 Consol Cigar 73 Con Cig pr pfxw6%. 3% Consol Filnf 14% Cons Film pf (31%) %4 15% Consol Gas N Y (1). 72% Consol Gas pf (5)__ 6% Consol Ofl (a25¢) .. % Consol Textile .___ 8% Container Corp (A) 2% Contatner Corp (B). 84 Contl Baking (B) 7% 464 Contl Baking pf (8). 62% Contl Can (3. 7 Contl Dia F (flle)_ 1 % Contl Motors 2 15% Contl O Del a$2%ec.x 19 41% Corn Ex BRk&Tr (3) 80s 60% Corn Prod Ref (3). x 17 4'4 Coty Inc s 38 35% Creamof Wh (13). 6 231% Crown C&S (1) e 1 14 Cruectble 23% % e 243% 243% 243% & EER b - & 52% Gen Am Trans(1%) 7% Gen Baking (60c) . 146 115 Gen Baking pf (8)_- 8% 5% Gen Bronze 2 GenCable 4 Gen Cable (A 19 Gen Cable pf 50 Gen Cigar (14 20'; Gen Eleetric 's GenGas& El (A) .. Gen Mills (3) Gen Motors (12) _. Gen Motors pf (5)- x 17% Gen Print Ink(1.60) 600! 15% Gen Ry Signal (1).. % Gen Realty & Uti 16% Gen Refractories _. 12 Gillett Saf Ras (1). 70'; Gillett Saf R pf (5). 21y Gimbel Bros - 18 Gimbel Bros p 23% Glidden Co t11).___ 1'x Gobel (Adolf) (d).. 14% Gold Dust (1.20) ... 7' Goodrich (BF)____. 40 Goodrich (B F) pf_. 15% Goodyear T&R ___. 70 Goodyear $7 pf (4)_ 2'3 Gotham Silk Hox 1% Graham-Paig; 5l Granby Consol . 2344 Granite City Srets_ 26 Grant(W 1) (7l).. 4% Grt Northern pf 91, Grt Nortn Ore (50¢) 26% Grt West Sug (2.40) 2013 Greyhound Corp. - 1 Guantanamo Sugar. 19 Guantanamo Sug pf 6 Gulf Mobile& N pf. 48 Guif States Stl 1s 30 Hack WptA (1%). 63 Hamilton Watch pf 16 Harbison Walk (1). 5t Hat Corp of Amer__ 81 HatCo pfww (6%) 1%, Hayes Body. ... 85 Hazel AtlasGl (5). 11 Hercules Motor (1). 71 Hercules Pw (13) _ 115 122 Hercules Pw pf (7). % Holland Furnace __ 307 Houd-Hersh (23%4) A 6'3 H'daille-Hers B(1). 1!3 Houston Ol ynew). 43 Howe Sound (13)__. 6% Hudson Motor Car. % Hupp Motors 9'3 Illinois Central 40 11 Cent ise nnuu) 2% 33% 23!; Indus Rayon (1. l). 1047x 603 Ingersoll-Rand (2). 95% 46% Inland Steel (13)_.. 7% 233 Inspiration Copper— 67 4 Insur ShMd cfs 15c. 23% 8% Interboro R T (d).. 8% 4'¢ Interlake lron__.___. 5 2% Int Agricultural .. 42% 26 Int Agricul prpf_.. 187 149% Int Bus Mach (16)_. 3% Int Car'rs Lid (20¢) 22% Int Cement (1) — 34' int Harvester 60e) .. l'/. Int Hydro Elec (A). 17 int Merch Marine _ 22% Int Nick Can)(30s_. 1!y Int Paper & Pw (A). 4 Int Paper & Pw (B). 4 Lut Paper & Pw (C). 4'z Int Paper & Pw pf__ 21%5 Int Print Ink(1.40). 2% Int Ry Cent Am____ 9% Int Ry CA pfooeo 42% Int Shoe (2) e, 16 IntSilver ... 5% Int Tel & Tel . e 8% Interstate Dept St_. 6la Intertype (azve) . 25 Island Creek C (2 67 49 JewelTea(3). ___. 7' 38's Johns-Manv (ab0c) _— 8% 3% Kans City Southn._ 18% T7's Kaufmana D S(30c) 24% 6 Kelsey-Hayes (A)_. 22% 3% Kelsey-Hayes (B).. 18% 10% Kelvinator (160c)- 13% Kennecott C (60c) 3 Kinney (G R) Co_ 23 Kinney (G R) Co pf. 19% Kresge (8 8) (l) 22% Kroger G&B ( 27 12 LacledeGasStL.___ 21% Lambert Co (2)-—_. 9 < 12% 105 Leh Port Cement._. 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf_ 5 Lehigh Valley R R_. 67'% Lehman C (12.40) __ 10% Lehn & Kink (13%).. 6% Libby McNeill & L. 2133 Lib-O-Ford G1(1.20) 93% Ligg & Myers (14)B 13% Lima Locomotive.. 17% Link Belt (80C) ..—w 24% Liquid Carb (1) 81% Loew’s Inc (2) ceeme 1 Loftine . 33 Loose-Wiles (2) .. 18% Lorillard P (11.20). 10% Louisv G&EpTA 1%. 34 Louis&Nash(a2%). % La Oll Ref (d)_. 12% Ludlum Stael__ 40 McAndrews&F(12). T% McCrory Stores (d). 6% McCrory Strs B (d). 34% Melntyre Porcu (2) 90% McKeesport T P (4) 5% McKesson & Rob. . 32 McKesson & Rob pf Truck 30% Macy (R nmcun 5% Mad’'n Sq Garalbe.. 18% Magma Copper (3). 4 Manati Sug pf (d).. 29 Man Elev gtd (d) . 13% Man El md gtd (d)_. 5% Marine Midla (40c). 20 Marlin-Rockwell(2) S NS T e wa @ @ = 4 © Reeon ©n NDmdmm- - S & Se-2 36% 119 381 16's 11% 16 6 9% 10% 2 10% 8 87 10% g- % . u.’m 114 I+l +4+4++141 41 44440 141 U4+ [ EFEFE & +i4++4+1 410 10% So & 1+ L 22% +1% 3w+ % 30 2%+ % 1% — % 381 +1% 23% — % s 18% 124 12% T 41% 12 40% — % e 2% - % 40% + % 12% + ' 12% + % 86% — 1 120 +1% Th + 415 + % 12 + % 104% 107 +4 20% 20% — % 4% + % 9% 36% +2% :!t +1% Northn Central (4) 'x Northern Pacific __ Northwest Tel (3) _. 1y Norwalik Tire&Rub. —_— 14’4 9% Ohio Ol (a15c) 21% 16% Oliv Farm Bq(new) 12% 3'; Omnibus Corp vie . 2 11's Otis Elevator (60c) 106 Otis Elev pf (6) 17° 4'¢ Otis Steel o6 84'3 22% Otis szeelnrpf e 104 80 Owens-Ill Glass(4) 1T'. 14 Pac-Amer Fishertes 6 28% 13% PacificG& E (1%). 24 44'; 19 Pacific Ltg (2.40) __ 10 21 12 Pacific Mills SEAI 1157 70 Pacific Tel & Tel (6) 20s 1 138 111'; Pacific T & T pf (6) 11 6% Pac Wn Oil (bd0c).. 5% 3'; Packard Motors __ 8 Param’t Pic (new)_. 84 Param't Pic1stpf_. 9 Param't Pic 2d pf 21 Park Utah = % Parmelee Transp't_ 5 Pathe Film Corp_ 8'4 Patino Mines 64'; Penick & Ford (3) 57% Penney JC (2) __. 2% Penn Coal & Coke 18 Penn DixieCnof A__ 17% Penn R R (a%0c) 17% Peoples Gas Ch1 16! Pere Marq pr pf. 14 Pet Milk (1) = 7% Pet C'pof Am atlc. 11 Pfeiffer Brew (i1)_ 12% Phelps Dodge(azic) 1% Phila & Read C&1._ 35'% Philip Morris (1) __. 13% Phillips Petrol (1) _. 31 Pillsbury F1 (1.60)_ 5'; Pitts Screw & Bolt_. 2215 Pitts Steel pf 1'4 Pitts United Corp. 24'; Pitts United Cpf___ 6'; Plymouth Oil. 6! Poor & Co (B) 4% Postal Tel&C pf(d) * Pressed Stl Car (d) 6’, Pressed St1 C pf (d) 42% Proc & Gamble 3115 120% 115 Proc & Gam pf (5) 45 s Pub Sve N J (2.40)_ s Pub Sve N J of (5) .. 527¢ 31'3 Pullman, Inc (1%)- 10's 5% Pure Oil = 93 49% Pure Oil 8% pf. 175 ‘83 Purity Bakeries (1) 8% 4 . Radlo Corporation 62!'s 50 RadioC'ppfaA (3%) 74% 354 Radio Corppf B __ 1% Radio-Kelth-Or (d) 4% RR Sec [l1Cent___. 1 161, Raybestos-Man ( 29% Reading (2) . 33 Reading 2d pf (2) 315 Real Silk Hosiery__ 7 Remington-Rand 69 Rem-Rand 6% pf___ 214 Reo Motor Car___.. 9 Republic Steel 28% Republic Steel pf 7812 Republic Steel (A)- 20 13 Revere Copper (A). 108% 101 2413 17'5 Reynolds Metals (1} 25% 124 Reyn'lds Spring(1). 57 43'4 Reynolds Tob B (3) 443 29% Royal Da1.70 1-10c. 46 32% Safeway Stores (2). 113% 104% Safeway Strs pf (6) 110s 108 114'3 110 Safeway Strspf (7) 80s 110 109% 22% 10% St Joseph Ld (40c). 89 2 % St L-San Fran (d).. 2 12 6 Savage Arms 3 42 22 Schenley Distill 37 20's 8 Schulte Re Strs DtA 60s 70 55 Scott Paper (1.80). % Seaboard Afr L «d) . 20% Seab'd O Del (+60c) 31 Sears Roeb’k(a7ic) 1% Second Nat'l Invest 40 Sec Nat Inv of 12% 7% Servel Inc (50¢). - 9 Sharon Steel Hoop . 3% Sharp & Dohme T% Shattuck(F G)(25¢) 5'2 Shell Union Oil ___. 19% 8% Silver King C(40c)_ 164 6 SimmonsCo - _18% 5 Simms Pet (a50c).. 11% 6% Skelly Of) . 41% 13 Sloss-Sheflleld 68 24 Sloss-ShefMeld pf. 23% 15% Snider Packing__ 108 136 Reynolds M pf (513 1081 19% 149 9 18 TwinCity R T pt Ao e g 3% Und-El Un O1i I-Fisher (") Union Bag&Pap (2 Un Carb & C (1. BDL of Cal (1) Un Pacific (6) - Un Tank Car (1.20). United + United United 10s 122 2 Uni 151 14 . 5 6 United 3 3 6 : United United United nited ted ted United 11 United Aireraft . 104 Air Line vto 82 Bisc (1.60) 2 Fast (1). 1 Carbon 240- 3 Corp = 58 Corppf 3)- 21 Drug Dyewood Elec Coal Fruit (3) __ Gas Imp (1) Paperb'd (d) Distributing 10 | 194 5 US Distributing pf 970 55 5 3 '3 US & For'n Secur.. 97 2 + % Gy 18 125 12 9% 5 US Ho Univ L Univ P 11 11 1 913 Univ Pij 1 UllPw&Lt(A) — 1074 5 1 2 U S Freight (1) 2 20% = 1 psum (11)_ 4 681 6814 — l¢ fian sbber 1st pf _ 0 & Ref (a8) cluding Anaconda, Kennecott, United States Smelting and Cerro de Pasco. J. I Case made a new high for the | year at 82, but slipped back befora the close. Union Pacific was particularly soft among rails. losing nearly 4 points pefore steadying just before the close. Santa Fe, Pennsylvania and Great Northern were among other active shares losing ground. Late news included announcement of an extra dividend of 25 cents and | the regular quarterly payment of 75 cents a share by American Chicle Co. By the Associated Press. NEW YORK, October 4—Cotton was somewhat less active and fluctua- tions rather irregular today. Southern hedging and realizing was absorbed by the trade. After selling up from 11.04 at the start, December reacted to 10.96, bul Jater advanced to 11.05 and was hold- ing around 11.01 at ! o'clock. ihe mid-afternoon market was quiel and steady at net advances of about i w York Cotton l el " to 10 points. eaf Tob (12) ipe & Rad ve & Rad pf Vanadium Corp._ __ Vau Iiaalte (aZie)_. Chemical Va-Car Chem 6% pf 16 26 Va El & Pw pf (6) Vulcan Detin pf (7) 10s 116 2': Va-Car 11615 108 10s 107 « Wabas| h pf A (d). .. Waldorf Sys (50¢) . Walgreen Co (1.80)_ Walworth Co Ward Baking (B)_. 781y 79 175 3 Wheel White 285 21t Woolw 1 i : Worth Worth 38ty 18 28'2 13 Young 1% Zenith Righ +H+++ 0 Dividend rates 1 2 +1 | declarations s 29 | plus extra 22 + T4 last year % Budd Mfg. Approximate Sales of Stocks on the N. Y. Stock Exchange. cash pavments based on the latest quarterly or half-yeariy Unit of trading less than 100 shares. 3 Accumulaced dividends d Companies reported (n receivership or being Warner Bros Pie. __ Warner Bros Pic pf. 8us Warner-Quinlan Warren Bros Warren Fdry&P 1__ Webster Eisenlohr_ Welis Fargo___ : Wesson O&S (150c) West Pa Elec (7)A West Pa Elec pf (6) st Pa Elec pf (7) 110s st Pa Pwr pf (6) 30s 1 : West Pa Pwr pt (7) 3': Western Maryland. 8 T 61, 7'; Western Md 2d pt 1 Western Pac pf (d). 9 + Western Union 38 West'gh'se A B 5 4 32% Westinghse Elasle. 76 7615 75 90 Westhse 1st pf 3% 10 Weston Elec lns. 181, 18 18% 16% Westvaco Chi ‘40¢) 9 20 9y 191, Wheeling Steel 1 10s 116% 116 . lllv 908115 105 105 St pLG1%)- 67s White Motor. Rk M S(1.40) White Sewing Mch- White Sew Mch pf.. Wilcox Oil & Gas __. Wilson & Co (50¢).. Wilson & Co pf (6). orth (2.40) __ Worthington Pump Pumppf A__ Pumppf B__ Wrigley W Jr (13) . Yellow Truck 3 Yellow Truck pf. _ Spr& W (2). Youngstown S & T Radio_ 2% Zonite Products ts Expire. Apr.16 19 390,000 12:00 Noon. 550,000 70,000 2:00 P.M . 1,170,000 s glver in the above table are the anousi t Annua) rate— a Paid this vear. b Pald C. & 0. PLACES ORDERS FOR 131-POUND RAILS 7, 4.899/16 Level By the Associated Press. NEW YORK, October 4—Chesa- peake & Ohio Railway Co. has placed orders for 21.842 tons of 131-pound steel rails, deliveries to be made be- fore the end of 1935, it was an- nounced today. The business was distributed as | follows: Illinois Steel, 9,414 tons; In- land Steel, 7,426 tons! Carnegie Steel, 2,818 tons, and Bethlehem Steel, 2,- 184 tons. The Illinois and Carnegie companies are subsidiaries of the United States Steel Corp. EXTRA DIVIDEND VOTED. NEW YORK, October 4 (#)— American Chicle Co. declared today an extra dividend of 25 cents and the regular quarterly dividend of 75 cents on the capital stock Both are pay- able January 2 to stock of record De- cember 12. KRESGE SALES DOWN. NEW YORK, October 4 (#).—S. S. Kresge Co. reports that September sales amounted to $10,147,936, against | in September, 1934, a de- of 3.50 per cent. Dollar Advances On London Mart By the Associated Press. LONDON, October 4—The demand for United States dollars continued on and the rate closed officially at 4.89 9/16 to the pound, -as compared to the overnight New York rate of 4.90. The French franc closed at 74.38 to the pound, as compared with yes- terday’s close of 74.50. PARIS. October 4 lf?L»ThreI: per cent rentes, 76 francs 40 centimes; | 4'2 per cent rentes, 86.05. | dollar was quoted at 15.19. e — LARGE POWER SYSTEM ADDS LESS TO SURPLUS By the Assoclated Press. NEW YORK, October 4.—Interna- tional Hydroelectric System reported that balance added to consolidated surplus totaled 57,26 for the quarter ended June 20, compared with $249.041 Jor the corresponding quarter the foreign exchange market today | Exchange on London, 743% The| ALLIS-CHALMERS HOLDS GAIN DURING QUARTER By the Associated Press. NEW YORK, October 4—Otto H. Falk, president of Allis-Chalmers Man- ufacturing Co. of Milwaukee, said to- day that the company’s third-quarter business was up to that of the sec- ond quarter, which was profitable | “Farm business has been particularly | good and collections are excellent,” | he said. ¢ The company made no snnounce-} | ment regarding plans for refunding its | outstanding bonds, following = board | | meeting. In quarters close to the com- | | pany, however, it was said that regis- | | tration of new securities would be ar- | ranged in the not-distant future. RURAL SALES CLIMB. NEW YORK, October 4 (F)— Rural retail sales in the United States during Aughst were 7 per cent above { July sales and 17 per cent in ex- cess of those recorded for August, 1934, the Department of Commerce ! reports. —_— Liverpool Quotations. Oc mCotton. 674 m ddling, 6.44: By the Associated Press. CHICAGO, October 4 —Wheat prices averaged lower today largely as & of so-called spreading operas s in which May and July des liveries were sold against purchases of December. Intermittent buying for domestic * | millers helped give comparative firm- ness to December wheat. European demand for Canadian wheat was dis« appointing Wheat closed irregular, * lower tq . higher than yesterday's finish; December. 1.063:a1.06'.: corn, 14-! up: December, 62%,a6275; oats, un- changed to '\ off, and provisions, 3 | cents to 5 cents up. pen. High. Low. Close 3, LU6Ts Lo47Ta 1.063- Chicago Cash Market. Cash wheat. No. 3 red tough, 1.084: No. 2 hard, 1.26'4a':: corn, No. 2 vellow, 87a87".: No. 4 yellow, 86; oat | No. 3 white, 30'4a%: sample grade, 28'4a30':; Do rye, buckwheat; soy beans, No. 2 yellow net track Chi- cago October and November ship- ments; 73. Octcber shipment; barley nominal feed. 35a50: malting. 50a70; timothy seed, 2.40a2.75 hundredweighf clover seed, 11.50a11.75 hundred- | weight. Liverpool Grain Prices. LIVERPOOL. October 4 (4.—Wheat futures closed easy. October December March Exchange, 4 8 CHICAGO LIVE STOCK. CHICAGO. October 4 (# (United States Department of Agriculture) —Hogs, 4,500, including 3,000 direct: fairly active; 75 bUlk sows. 950898 . 10.00. . 2,500: calves. 500: limited offer- ings steers and yearlings fully steady and all other killing classes getting fairly de- pendable action ~at unchanged levels; stockers and feeders steady. instances weighty ic s. 0. to 5,000, fat Tambs active. buik 25 sheep "and feeding lambs firm; good to choice native and range lambs, 9.00a9 choice natives, 9. plainer grade We " slaushter ewes, 3.0( 25 ostiy. . 100 TONS OF LEAD SOLD. NEW YORK. October 4 (#)—The St. Joseph Lead Co. reports that 100 tons of pig lead from Southeast Mis~ sourl mines were sold yesterday at $4.35 per 100 pounds St. Louis. Zenith Radio Corp.—July quarter net income before Federal taxes was $65,422, equal to 13 cents a common share, vs. deficit of $36,573. MONTREAL SILVER., MONTREAL. October 4 (P.—S8ilver fu- tures opened stronger, December. 67.00b. ©67.65; Ma>, 65.00. b—Bid. §