Evening Star Newspaper, October 8, 1935, Page 16

OCTOBER 8, 1935. FINANCIAL. STOCKS IRREQULAR LATE N SESSION Utilities, QCils, Spccialtiey Firm, While Coppers and Others Ease. STOCK AVERAGES an 15 Indust. Rails. Net change. —4 —.2 ‘Today, 1 p.m. 668 23.7 Prev, day... 67.2 23.9 Month ago. 68.1 27.1 Year 489 25.1 1935 688 276 1935 495 185 1934 614 430 1934 453 228 242 349 1932 175 87 239 169 1929 146.9 153.9 184.3 157.7 1927 516 953 618 618 (Compiled by the Associated Press.) THE EVENING STAR, WASHINGTON, D. C, TUESDAY, 2:30 p.m. Bales— Add 00. 408 17 Prev. 1038 Stock and Low. Dividend Rate. 15% Snider Packing._. 10% Secony-Vac (30¢) 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacifio. .. % Southerr Rallway.. 7 Southern Rwy pf__. 5 Spalding (A G) 42 Spalding(AG)1st pt 3t Sparks-Withington. 3% Spear & Co_ 32 Spencer Kel . T% Sperry vte (a26e) .. 43% Spiegel-May-S (3) . 80 Splegel-M-S pf(6%) 12'; Stand Brands (30¢c). 2Y; Stand Com Tobacco. 1% Stand Gas&El (d) .. 1% Stand G&E$4pf(d)_ 4% Stand G&ES$6pf(d). 6 Stand GEES$7pf(d). 27% Stand O1l of Cal (1) llfi 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 20 Stand Oil of Kan __ 35% Stand OIINJ (11)_. 1214 Starrett (L 8) (1)_. 58% Sterling Prod (3.80) 1'4 Sterling Secur (A) .. 3's Sterling Secur pf __ 6% Stewart-Warn 150c. 2); Stone & Webster___ 23 Studebaker Cor| 115'; Sun Oil pf (6) 1% Superior Oil_ 5 Superior Steel._. 14% Swift & Co (1506) 4 Symington (d) . 1% Symington (A)(d)- Net. High. Low. Close.Chge. 59 581 59 —1 26 25 % Net. High. Low. Close.Chge. Z 22% — 1% 10% 23% 22% 16% 8% 11% 5% Prev. 1935 Stock and High. Low. Dividend Rate. 115 110 Abr & Btrauss pf(7) 9% 4% Adams Express.... 35% 28 Adams Millis (2)... 14% 8 Addressog’h (30c)-. 144 4% Advance Rumely. 254 —1% 3 % — % 10s 9 3 32% 9%, % by % By % " o 111841 i;##i####a’ FOEE LARER 2 15 60 Util. 8t'ks. +.4 —2 367 485 36.3 48.7 383 50.4 273 315 39.3 50.9 216 348 40.6 514 - I @ o ST 1ST03- PO N VIEE PG T 4 i I | e S 5 'il 5013 * ahe BY VICTOR EUBANK, | Associated Press Financial Writer. NEW YORK, October 8—The firm¢ ness of utilities, oils and specialticq helped to support a wavering stocy market today. Most of the coppers rails, steels and motors backed uj under profit taking. Shares of Budd Manufacturing pree ferred got up more than 3 pointg International Business Machines and | Greyhound Corp. pushed up 2 each and gains of fractions to a poin} were shown by American Telephong Consolidated Gas, Columbia Ga: North American, Public Service (] New Jersey, Seaboard Oil, Phillipy Petroleum, Socony. Standard Oil of | New Jersey and Eastman Kodak. Among losers up to a point or morq | were United States Steel, Chrysler, | American Can, Case, Union Pacifig New York Central, United Statel | Smelting, Cerro de Pasco, Anaconda and Kennecott. The late tone wzy irregular. Transfers approximated 1,300,000 shares. The coppers were diffident as thy domestic price of the red metal way advanced to 91, cents a pound. In some Qqu rs a 9';-cent rate had p been expected. Zinc was raised 0.1 4 United Bise (1.60) 2 P 01 of 2 cent a pound to 4.85 cents Unit-Carr Fast (1) East St. Louis. The Governmenty United Carbon 2.40 cotton crop forecast was about ig 2 l;nned Corp... line with private estimates and cote e g?_;r;nvtrli)- ton futures, after an early upturn United Dyewood yielded their gains. United Dyew pt (1) Financial circles were still cony United Elec Coal... cerned over the European outlook : United Fruit (3) __ and many potential bulls adjourned Gas Imp (1) to the sidelines pending tomorrow’y :}:fi::!:;g::;:‘ = decision of the League of Nations a3 il to just what “sanctions” should by i imposed upon Italy as the aggress sor in the present Ethiopian war. Renewed nibbling at several of the oils was attributed partly to the knowl« edge that this group has been ex- tremely listless for the past few months and has attained a technical | position from which a substantia response could be made to good news FEDERAL LAND BANKS ). —Federal 221 Nat Biscult (1.60).. 141'x Nat Biscuit pf (7) __ 13'3 Nat Cash Reg(50e). 127% Nat Dairy P (1.20) 4 Nat Dept Stores (d) [ 8 3% Eastern Roll Mills_. 6 161 110!; Eastman Kod (15).. 153% 6% Telautograph (60¢) 4 Tennessee Corp—.— 16'; Texas Corp (1) ... 28% Texas Gulf Sul (2). 3Y% Tex Pac Coal & Ofl_ 815 Tex Pac Land Trust 13% Thatcher (1)_. 5% The Fair ___ 16 Third Nat In (a%e 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Ofl_. 84 Tide Wat A O p£(6). 26% Tide Wat Ofl al.l, 4% Timken-Detroit 28% Timken R B (1) Trans & Westn Air. 4’s Transamerica(30c). 5's Transue&Williams. 17 Tri-Contl Corp . 4 Truax-Tra Coal 3'5 Truscon Steel __ 24% 20th Century Fox pf 9% 30% 111 97 23% L+ +++ 1 H et ol e e Mr. Fleming's o T will be 26'3 17 Fairbanks Morse 120 71'; Fairb’ks M pf 1313 19% 5% Fed Lt & Tr __ 95 654 Fed Min& Sm va.- 34 7y Fed Water Sve (A). 114 106 Filene' pf (6%) .. 184 1314 Firestone (40c) 96 84'3 Firestone pf A (6 5874 45 First Nat Strs (2}4) 20% Food Machine (1) 97 Foster-Wheeler___. 60% Foster-Wheeler pf 19% Four Nat Iww al.10. 30% Frank Sim pf $3% .. 2815 17% Freeport-Texas (1). 273 15 Fuller Co pr pt 12 4% Fuller Co 2d p! _— 2% 7x Gabriel Co (A) 10' 5's Gen Am Investors__ 4% Gen Am I pf ww(6)_ 326 Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60c) - 5% Gen Bronze 4 Gen Cable (A). 19 Gen Cable pf. 50 Gen Cigar (t % Parmelee Transp't.. psum pf (7). 20'; Gen Eleetric ( 3 4% Pathe Film Corp § § 3 - 4 Hoftman ______ 30 Gen Foods (1.80) 5 814 Patino Mines 31, % b U S Ind Alcohol (2). "4 Gen Gas & El (A) . 64’ Penick & Ford (3) .. 6 2 U S Leather vie 5974 Gen Mills (3) 57% Penney J C (2) . US Leather A vte . 265 Gen Motors (12) .. 2 e 6 5 3 Penn Dixie Cement. U S Leath pr pf vte. 107 Gen Motors pf (5) - 17% Penn R R (a50e) U S Pipe & F (50¢) - 17°s Gen Print Ink(1.60) 17% Peoples Gas Chi_ US Realty & Imp_— 1'x Gen Public Service. 18Y% Pere Marquette. 15% Gen Ry Signal (1)_. 13% Pet Milk (1) 2 2, Gen Realty & Util__ 7% Pet C'nof Am asc. 14% Gen Real & U pf w 11 Pfeiffer Brew (i1) 16% Gen Refractories 12% Phelps Dodge(a25¢) 12 Gillett Saf Ras (1) 1% Phila & Read C&I.. 70'; Gillett Saf R pf (5). 4 0 zn-‘ 9 S Seaf s 533 Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb & C (1.60)- 14% Un Ofl of Cal (1) 82 Un Pacific (6) - 207 Un Tank Car (1.20). 97y United Alreraft____ 2 United AIr Line vte. 5 1 4 Ohto Ofl (a15e) __ 313 Omnibus Corp vte - 11'x Otis Elevator (60c). 4'4 Otis Steel .___ 22% Otis Steel pr pf. 38 Outlet Co (2) 80 Owens-111 Glass(4). 22 175 841y 52 104 161 Anaconda Wire_ 107 Anchor Cap (80c) . 96'% Anchor Cap pf(6%) 3'x Andes Copper.. 113 A P W Paper 36 Archer Dan M (11)_ 314 Armour of [llinols s 55's Arm'r(I1)pr pf (6)_ 97 Armour Del pf (7) 1613 Armstrong Cork 500 4 Arnold Constable. 3% Artloom Corp _ 713 Asso Dry Goods 807 Asso DG 18t pf(39). 35% Atch To&S Fe (a2)._ 66% Atch To&S F pf(5). 19'; Atlantic Coast Line 20'; Atlantic Ref (1) ___. 47'; 323 Atlas Powder (2)__. 115 106% Atlas Pwr pf (6)._. 39% 15 Auburn Auto 14 55 Austin Nichols 4% 2% Aviation Corp(Del 1'; Baldwin Loco (d) 18 7'2 Baltimore & Ohio 23 9'4 Baltimore & Oh pf__ 4912 364 Bang & Aroos (2%) 115 106% Bang & Aroos pf(7) 6's 3% Barker Brothers.__ 68 32 Barker Brothers pf 10% 5% Barnsdall Corp t60¢ 51's 37!3; Bayuk Cigar (11)__ 95 72 Beech-Nut P (13)__. 145 11's Belding-Hem (1).. 23% 117 Bendix Aviation _ 15% Beneficial Lo (1%). 34 Best&Co(2) 21%; Bethlehem Steel _ 55% Beth Steel pf(al K) 9% Blaw-Knox 6's Boeing Airplane 39% Bohn Alum &Br (3) 90 Bon Ami (A) (14)_. 21 Borden Co (1.60) .. 28% Borg-Warner (2)._. 8'3 Bridgep't Brass 40a 24'3 Briggs Mfg (12) 23'% Briggs & Strat (3) 36%; Bklyn-Man Tr (3) . 90 Bklyn-Man T pf(6). 1% Bklyn & Queens__. 14 Bkiyn & Qpf (2)- 43 Bklyn Union Gas(6) 3% Brunswick-Balki 17 28% 4415 1% 5% 12 101% 14% 14 Pac-Amer Fisheries 13% PacificG& E (1%). 19 Pacific Ltg (2.40) _ 6% Pac Wn Oil (b40¢)_. 3! Packard Motors 8 Param’t Pic (new)_. 84 Param't Pic 1st pf 9% Param’t Pic 2d pf_ 214 Park Utah 5Tia 91 3% 28 Fd +ih+He 40 FES FINANCIA Prev. 1035 K ane Net. | p 935 Stock and Bal v Net. | Hion: Tow. _ Dividend Rate. a0 0. High. Low. Clote.Chs. e o] rv oy 15 15 115 42 15% Contl O Del a$2%0_. 30 13% Man El md gtd (d)_. 7% T% — %| 60% 41% Corn Bx Bk&Tr (3). T0s 65 8% 5% Marine Midld (40c). 5 61% 61% 61% + sidun A iati Pl 13% 13% 4 % 165% 142‘6 go:nfrodnr (1)... 35% 20 Marlin-Rockwell(2) —— 13% 13% - % oty Ine 11% 6% Marshall Field & Co District Association Plans B ey e " e a3k Groam o W 17 st -l o 3 H 521 104% Afr Reduction (+3)_ - % 3857 May Dept Str (1 60 Fall Open Session at it i 1 7413 CrownWP1st p£(5)- 2 e S i O 20’ 15% Alaska Jun (160¢).. 15% — % s 215 % Alleg Corp (d).____ 1% 14 Crucible Steel.. 26% — 5% 3 Mengel Co- ¥ % - % 1 CubaCo.... 42 20% Mengel Co nf BY EDWARD C. STONE. és«. 6% Alleg pr pf (d)____o o A = harles H. Doing, president of the 0% 21 Allegheny Stl (1) 27 + % ‘udahy kg - 6% 2% Miami Copper.. Cl P 164 -3 15 Curtis Publishing.. 16% + 13% 915 Mid-Cont Pet(alse) f | 1271212215 Allied Chem p (7). e otfthe Washingten Lo o 514 Allled Stores 64 + % 2 Curtiss Wright.___. 34 3 1151 60’ MidI'd St 1st pf(8) Trus 0. an 2T% — % 6% Curtiss Wright (A). 8% 8% 8% — 105% 105% Minne-Hon pf(6)cld 14 Alpha Port Cmt (1 ). that the associa- 214 Amal Leather _____ 3% + % 16 Cutler Hammer. 34} 33 34 +1%| 574 31 Minn Moline Pwpf. tion will hold its 65 +1 3 1% MStP&SSMlsln. 41'; Am Ag Ch(Del)(3). - neeting at the 131, Am Bank Note 28% — % 19 Deere&Co pt (375¢). 2T 2T% 2T% + | 141, 5% Mo Kans & Tex of__ fiard Hotel, 62% — % 231 Delaware & Hudson 328% 31% 31% —1%| 21 10% Mohawk C M (a25c) : 11 A BEeh AT 127 65 Detroit Edison (4) 99% 9 Am Brk Shoe pf ( e + Y so! - 37% 21% Montzomery Ward._ October 21. 138% —15 5% Det & Mackinac pf. 5% e The only ad- 168 151% Am Can pf (7) - r 25% 10 Am Car & Foundry. 19% 34% Diam Mat pf (11%) 374 4315 17% Motor Products (2). ram will be by 45% — % 34% Dome Mines (12)__. 39% 14% 7% Motor Wheel (60¢) Ebert V. Flems 22 '8 AmChain__ = B 96 66 Am Chicle (13). .. 91% +3% 17% Douglas Alr (a7bc). 30% 4% Murray Corp 3 26% + % 13' Dresser Mfg A bl% 28% -— president of the 6'2 Am Crystal Sugar .. % American Bank- 72 AmCrysS 1stpf 6. 84% 12% Duplan Silk (1)~ 15% = : 55 863 Du Pont (13.60)___ 127 Bnd president of Charles M- Doine. i 12 Am & For Pw $6 pt the Riggs National Bank, who will 14 Am & For Pw $7 pf. 131m -~ 29% 16% Eaton Mfg (11) ___ 27% banking act of 1935 and what it A Al L T 3% Eitington-sohild = means to the banking fraternity. 331 . Helr e Al 11313107 Elec Auto L pf (1)~ 1 11 31% 23% Nat Distillers (2) - A.B. A, Mr. Fleming put an immense 43 Am International _ ™ 10% 3% Electric Boat. ... 73 104 9% 185 145 Nat Lead (5) |amount of time on the vital points in 2% 9 Am Locomotive 7% 1 Elec Pw & Lt____ 4% 4% 14% 4% Nat Pwr & Lt (80c) Fore: iy oI 32 Am Locomotive pf_ 28 2); Elec Pw & Lt $6 pf- 21% 21% 71% 40% Nat Steel (1) essary, he could probably recite the 41 Am Meh & Metal 49'; 39 Elec Stor Bat (2). 77% 36 Nat Supply Co pf-—. 4'3 Am Mch & Met v 66 52% Endicott-John (3) . 15 Nat Tea (60c) fts length. Every detail of the law #s familiar to him 1'; Am Power & Light_ 41 14 EngPubSve$5pf.. 21% Nelsner Bros (1) __ 8% Am Pw & Lt $5 pf__ 411 14'; Eng P S $5.50 of ww 4315 Newberry J J(1.60). elves fortunate to have a chance to = g . 4 » 10'; Am Radiator = 415 Equit Ofce Bldg. 124 NYCentralRR___. rwear the law fully discussed, with a | 15% Am Roll Mills a30c. .-. Erfe R R 9 : NYChi&StLpf__ every financier. The law as finally 20 Am Shipbldg (2) _ 274 N'Y N H & Hartford gassed was praised by the American 31% Am Sm&Refining. _ s 47 ka Vac E. 9 3 6 NYNHG& Hartf pf 6 2 63 AmSnuff (13) ' NYRwys pf (d)___ ;21102211phx1'lie:'u;fmgme act = elNoumde 6% N Y Shipbuilding 51 Am Sugar(2)_ 158 Norfolk & W (18) _ At the coming meeting, chairmen 1813 Am Sumat Tob (") 2 North Am Aviation. Bf the District association’s standing 723 Am Tobacco (6) .. North Am Ed pf (6) on the progress made since the an- 74% Am Tobacco B (5) .. Northern Pacific __ nual convention last Spring. These 9 Am Type F pf (d). orwalk Tirg&Ru the members. Although confidence A e bhas returned to Washington banks 473 Am Woolen . Bn all-time peak, there are always de- tails in connection with bank man- mittee work. It also developed today that a minor tion is under consideration, a matter bf interest only to the members. A Mhether it is wise or unwise to change $he document. With business out of ! D. C. Collections Are “Good.” A decided improvement in wholesale ber in 100 major markets throughout the country is noticeable in the Octo- B! Credit Men, released today in its Pfficial publication, Credit and Finan- In the previous month’s survey, ap- Eroximnlely 38 per cent of the report- 2 Star. 2:30 pm. 2:30 p.m. Add 00. High. Low. Olose.Chge. 1% % Contl Motors __. 64% 29 Man Elev gtd (d) 32% 32% — % | 78% €O Corn Prod Ref (3)_. 10% 3% Market St Ry pr pf_ 1 148% 148% 148% — 4% 4% 4% 6% A 85% Cream of 33% 23% Mathieson Alk(1%) 1% % Air-Way Elec Appl. Az e 4 315 Crown Zelleb'k vte. 60% 41 Melville Shoe (2%). Willard October 21. 813 2% Alleg pf w$30w (d). — 1% - 187% — 14 514 Cuban-Am Sugar_.. 6 35% 2414 Mesta Machine (3)- = s i | 173 125 Allled Chem (6) ... District Bankers' Association and vice 126 8915 Curtis Pub pf (7). ‘ 102 lOlh 102 4_ 2% 8% Midland Steel Prod. 12 Allis Chalmers. pounced today 16% + % 73 Cushmans pf (7). 87 8T% 87%h 5% 3% Minn Moline Pw___ 4815 Amerada Corp (2) . * Fegular Fall open 5215 +1 22% Deere & Co.__. 40% 40 40% + M| 167 10% Mission Corp.- 43 Am Bk Note pf (3). Plonday evening 31% 11 Del Lack & West_. 14 13% 86% 55 Monsanto Chem(t1) 110 AmCan (t4) _ 155 26'; Diamond Mtch t1%. 3% 1% % Mother Lode .. . fress on the pro- 57'3 2513 Am Car & Fdry pf-.. 20% — M 6% Dominion Stores___ T4 915 Mullins Mfg (B) Jue s AU vice 33% 221, Am Comel Alcohnl_ ¥ 14% 6% Dresser Mfg B___... 13% 19% 11 Nash Motors (1)... ers’ Association 2 Am & Forelgn Pwr. 26% present a complete summary of the » Am & For Pw 2d pt i 291, Am Home Pr (2.40). 32, 19% Elec Auto L (a30c). 31w 30% Nat Dept St pf(a) . Along with President Hecht of the 184 1% Am La Fran pf (d)_ 8% 5% Elec & Mus Ind___. A 16215150 Nat Lead nf (1) A - the act while it was pending before 1814 Am Mch & F'v (80¢) 32 3 ElecPw& Lt $§7pf_ 24% 20% 9 Nat Supply Co. mct from start to finish, in spite of 131; Am Metal. .. _____. 132 125% Endicott-Joh pf(7). 715 Natomas Co (80c) . w. s cons - ashington bankers consider them: 10's Am Pw & Lt $6 pf__ 43 15'; Eng Pub Svc 36 pf_. 4% Newport Industries. pummary of exactly what it means to % Kt seatlig vio : Erie RR 15t pf_ 3 ; 5% 2 NY Dock ankers' Association as constructive ”A 1103 Am Sm&Ref pf (6)- 2% N Y Ontario & West 15 s 614 N'Y Shipbuild'g pf_ gwaited with unusual interest. B A e S n 2 9874 Am Tel & Tel (9)__. 9 North Amer Co (1) gommittees will also present reports | 7 129's Am Tobacco pf (6)- Northwest Tel (3) yeports are certain to be of value to 48 Am Wat W 1st (6)_ and aggregate deposits here are near ®gement which call for a lot of com- Phange in the association’s constitu- Note will be taken at the meeting on fhe way, a buffet lunch will be served. Rollections and sales during Septem- ber survey by the National Association ial Management. ng cities found collections to be b ber & U S Steel pf (2) . United Stores (A)-. United Stores pf.. Univ Pic 1st pfd ¢ Univ Pipe & Rad Uul Pw & Lt (A) - #good” compared with the current hverage of 49 per cent. In sales the fprevious average of cities reporting #good” had been 40 per cent of the Botal reports, this figure rising to 58 fper cent in the present survey. The review calls collections in Washington “good.” Sales are put Pown as fair but reports from other gources indicate they are much bet- ter than fair. Both sales and collec- gions are marked good for Baltimore. Collections are “good” in leading gities in Virginia, with the exception pf Richmond, where sales are also re- ported as “fair.” Lynchburg, Roanoke end Bristol are reported as in a par- gicularly good position. Whaley Pictures Credit Boom. In addressing the Morris Plan Bankers' Convention at Virginia Beach, P. H. Whaley. head of the Whaley-Eaton financial service, Wash- Ington, talked about the danger and possibility of a very serious credit boom. He spoke on “Conditions in ‘Washington.” “I think,” Mr. Whaley said, “you will find in this fact the reason why the President, in his addresses over the last few week, has very definitely faken a turn in the direction of great- 3 D R er sobriety in expenditure. He has 13% Burr A d;"‘f"cn“’o;)' been talking recently about a balanced E , Bush Terminal (d)- budget and not spending so much as 10 Bush Term B pf cod the somewhat extravagant budget 1'; Butte Copper&Zinc. Jpstimates have indicated.” 11% Byers (A M) & The speaker became more reassur- 32 Byers (A M) p ng further on in his address, stating 21, 1 that the Federal Reserve Board has - '%,: 8:{}:‘;’.':,‘;,‘:‘:?“*’ the power to curb credit inflation and 2% Calumet & Hecl that this power means there is com- 73, Campbell-Wv a4 parative safety ahead. 8% Can Dry Gin Ale - 8% “On that basis,” he concluded, “the 50 Cauafa Sowthn 8) 5 one ingredient required to make as- sg‘h g:“d:,":‘ 5?“‘“:") surance doubly sure is confidence in ok Casin ARmatn (AD integrity of Government direction. It 3215 Cap Adm pf A (8) may be that a great era is just ahead.” 85 Car Clin&O sta (5)- Bond Exchange Near Close. 45% Case (J 1) Co The Federal Reserve Bank of Rich- 361 Caterpillar Tr (11). mond has called attention of all banks R s to the fact that subscriptions for the 2;‘;‘ Czn"t :"“;’" a% - current offering of Treasury bonds of 34 Central RROf N J_ 1945-1947 offered only in exchange for 38% Cerro de Pasco (4)- Fourth-called Liberty bonds, for re- 3% Certain-teed Prod_. demption on October 15, will close 371 Ches & Ohio (2.80)_ next Friday. 36 Cheflapuk.dcorp'(ll)) Holders who do not wish to ex- 15% Chi Mall Order ( change these bonds should tum them S Chimil BngP!N:; in at once at the banks as interest on 1 g:: :sl;&(a)n : _these called bonds will stop on Oc- 35 Chi & N W pf (d) - tober 15. In order to get prompt pay- 4% Chi Pneumatic Tool ment, holders should submit them well 20 Chi Pneu Tool pf in advance of the date of redemption. 1% Chi R I&P 1% pf(d) Payment cannot be made for regis- Y2 Childs Co tered bonds until after the release of 31 Chrysler Corp (t1). yegistration has been made by the %;‘ g’l“’ :g::{“a'.‘,:),v Treasury Department, the bank says. o1 P Equlvn(lo-:r.: Today's Trading on Exchange. 27% Clev Graph Br (11). ‘Washington Gas 6s, series B. open=- 20 Cluett Peabody (1). ed business on the Washington Stock 1617% Coca-Cola (8) - Exchange today, $1,000 selling at 103, » 53% Coca-Cola A (3) off . Anacostia & Potomac R. R. 55 figured in two $1,000 transfers today at 9115, A good deal of trading has been expected in these bonds by ex- 31 Pillsbury Fl (1.60) - 221 Pitts Steel pf__ ___ 20" Pitts United C pf._. 3 Plymouth Oil GK Poor & Co (B) 1 4% Postal Tel&C pf (d) ° ! 213 t. Pressed Stl Car (d). 2 #iy 6'5 Pressed Sti C pf (d) 91, 5 42% Proc & Gamble $13; 4 120% 115 Proc & Gam pf (5) . 29% 17", Va-Car Chem 6% pf 45 20% PubSve N J (2.40)_. 108 I VaEl&Pwpf(6) . * 100 62% Pub Sve N J pf (5)_.. 4% 2 Valron Coal&Coke. 110s 111% 73 PubSve NJ pf (6)_. 11612 1094 Vulcan Detin pf (7) 100s 140'% 100 Pub Sve N J pf /8) . 5274 3113 Pullman, Inc (1%)- 10t 5% Purg Oil 76'3 34% Pure O1l 6% pf. 93 49% Pure Oil 8% pf. 174 8% Purity Bakeries (1) —_— 8% 4 Radlo Corporation 62'; 50 RadioC'ppfA (3%) 35% Radio Corppf B_ . 1% Radio-Keith-Or (d) 4% R R Sec 111 Cent___ 1615 Raybestos-Man (1). 20% Real Silk Hose pf__. 7 Remington-Rand._.. 69 Rem-Rand 6% pf. 2% Reo Motor Car. 9 Republic Steel ____ 28% Republic Steel pf _. 781 Republic Steel (A)- 515 Revere Copper. 13 Revere Copper (A)- 75 RevereC&Bpf ___ 17'5 Reynolds Metals (1] 57 431 Reynolds Tob B (3) 44% 29'; Royal D21.70 1-10c. —e 46 324 Safeway Stores (3). 15 11415110 Safeway Strs pf (7) 300s 10% St Joseph Ld (40c). 7 2J’-. 221 % St L-San Fran (d) .. ™ White Sew Mch pf_. 46% Inland Steel (12)__. 9: y 1 St L-San Frpf (d) 11. 1% Wilcox Oil & Gas 213 Inspiration Copper.. i 10 StL Southw'n gy 9 9 Wiison & Co (50¢) 83 Interboro R T (d)—— 6 Savage Arms. iz 12 Wilson & Co pf (6). 4% Interlake Iron. ..o 22 Schenley Dis 42% 411, Woolworth (2.40) __ 25 Int Agricultural ... 3% 3% 3 1% Schulte Retail Strs. 2% 2% 11% Worthirgton Pump. “1 149% Int Bus Mach (16)—. 3 1-,-, "7 ,17 8 Schulte Re Strs pf_. 15% 15 25'; Worth Pump pf A 4 3% Int Car'rs Ltd (20¢) 5% 55 Scott Paper (1.80).. 65 65 20 Worth Pumppf B_. 227 Int Cement (1) 2 21 27 4% Seaboard Afr L (d). 3 3 % 3414 Int Harvester §0e] 5415 % Seaboard A L pf(d). % % 1% Int Hydro Elec (A ™ - 1124 6 23% Glidden Co (11).._ 1047 Glidden Co pr pf (7) 115 Gobel (Adolf) (d).. 14% Gold Dust (1.20) .. 713 Goodrich (BF) ... 40 Goodrich (BF) pf_. 15% Goodyear T&R T0 Goodyear $7 pf (4) - 213 Gotham Silk Hose_. 20 Gotham Silk H pf__. 1% Graham-Pa! 5% Granby Consol. 2% Grand Union . 1813 Granite City Stl (1) 26 Grant (W T) (11) 9% Grt Northern pf__ 914 Grt North Ore (50c) 26% Grt West Sug (2.40) » 20'3; Greyhound Corp. .. 48 Guif States Stl 1st. —_— 63 Hamilton Watch pt. 16 Harbison Walk (1). 52 Hat Corp of Ame: 1% Hayes Body 85 Hazel Atlas GI (5)— 71 Hercules Pw (13)__ 5% Holland Furnace... 307 Houd-Hersh (24) A 61 H'daille-Hers B(1). 49 House Finpf (334). 1'; Houston O] (new). 43 Howe Sound (13) 2% Hudson & Manh: 6% Hudson Motor Car. % Hupp Motors 3 S & 67 9% no 3 Vadsco Sales Corp.. 11% Vanadium Corp __ 11'¢ Van Raalte (a25¢)-. 34 Vick Chem (12) ___ 4 Va-Car Chemical U. S. TREASURY NOTES. y Chas D Barney & Co.) y Bid Offe: a3 mmBanneSTanSue 2 S B 0 o S 1 3 4y Waldorf Sys (50¢) .. 26 Walgreen Co(1.60)_ 1% WalworthCo ___.. 2« Warner Bros Pic._. Warner Bros Pic pf. Warner-Quinlan Warren Bros Warren Fdry&P 1. Welis Fargo__ Wesson O&S (150¢c) Wesson O&S pf (4). West Pa Elec (T)A West Pa Elec pf (6) s West Pa Elec pt (7) West Pa Pwr pf (6) © Ll B FREIGHT LOADINGS. West Pa Pwr pf (7) EW \'DPK Oflgb"raimn‘éfr?.:é" un Vestern Maryland 5 Do i Today for week chdvodcwg){mg(;:‘nvmi\t yded. Western Pac pf (d). ! 3 | " S Jes West'gh'se A B 50c. e 5 Westinghse El a50c. Westhse 1st pf 3%a. Weston Elec Ins.._. Westvaco Chi 40¢c) Wheel & Lake E pf-. 65 Wheel Stl pf(31%)- 62% Bucyrus Erie uf (2) 3% Budd(EG)Mfg 23 Budd(E G)Mfg pf. 2 Budd Wheel 8 % Bullard Co . . % Burns Bro!(A)(d)A 20 95's 24 26,9400 10 " 10 % Illinois Central. 156 Illinois Central pf. 40 111 Cent lse lines(4). 2'4 Indian Refinin, 233 Indus Rayon (1. 60%; Ingersoll-Rand (2). T F 'Own line loadmii Dn White Rk M S(1.40) Dome Mines, Ltd.—Production | September was $570,158, against $5! | 734: in nine months total was $5,« 154,651, against $5.469,322. DIRECTORY COMMODITY BROKERS N & Co. 364 Member 31 ll‘; Yale & Towne (60¢c) 4 6% ~ Yellow Truck i 11 367 Laidiaw 3113 Yellow Truck pf___. §0s 18 Young Spr& W (2). 5 13 YoungstownS& T. 2 20% Seab'd O Del (160c) 201 281, S Eon _Brhangs 31 Sears Roeb’k(a75c) 56 547 114 Second Nat'l Invest 2% 2% 40 Seo Nat Inv of 12% 621 627 7% Servel Inc (50¢)__. 18 10% 1)% 9 Sharon Steel Hoop_. 12 2013 19% 4214 Sharp& D pf (33%). 1 425 423 T4 Shattuck(F G)(25¢) 27 9% 9 20 Sheaffer Pen (al)_. 1 30% 30% 20% Shell Trad al.25.1) 1805 34" 33 512 Shell Union Ofl 9 g 6314 Shell Union Oil pf__ 901 90 % Sliver e Citoe)2 }"" s vidend as given tn the abo: Stmmons Co_ 4 13y 5 Simms Pet (a50c) 6% 6% e L ‘i | [ % 8% Members Chi a5 Members Chic 281 Laidlaw & Co. Westheimer & o ee RUBBER—HIDES—METALS—SILK jemoers Commodity Exchange 1 Laidlaw & Co.._. DI 225! Westheimer & Go. % Int Paper & Pw (C). 4'; Int Paper & Pw pf 21'5 Int Print Ink(1.40). 9% Int Ry C A ptf.. 28 IntSalt (1%).. 5% Int Tel & Tel . 87 Interstate Dept St_. 49 Jewel Tea (3) 7% 388% Johns-Manv (a 125% 1173 Johns-Manv pf (7). 84% 50 Jones&Lauxh7%Dpf. — 8% 3% Kans City Southn__ 7% Kaufmann D S(80c) 15% Kayser (J)&Co a90c. 6 Kelsey-Hayes (A).. 3% Kelsey-Hayes (B).. 10% Kelvinator (160c)_ 84 Kendall Co pf (16)_. 13% Kennecott C (60¢) ... 19% Kresge (S8) (1).... ge (S 8)pf(7).. 321 22% Kroger G&B (1.60)_. 28% 21% Lambert Co (2 10% Leh Port Cemen 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf.. 5 Lehigh Valley R R 6714 Lehman C (12.40) __ + 1% Zenith Radio__. 2% Zonite Products Rights Expire. % 1 Budd Mfg. _Apr.16 239 Approximate Sales of Stocks on the N. ¥. Stock Exchange. 11:00 A.M. 700,000 1:00 P.M. 950,000 24 109 T Sla 11144+) Massachusetts Investors Trust Prospectus on Request William W. Mackall, Jr. Investment Securities 218 Woodward Bids. 6% Skelly O11 1015 10% s Unit of trading less than 100 shares. plus extra 24 Sloss-Sheffeld pf_. 615 61% B e A e e 'tg,lm o+ es reported or being [LIVE STOCK SHOW ENTRIES RESTRICTED Only About 800 Head Displayed at Baltimore Because of Grain-Fed Ruling. Special Dispatch to The Star. BALTIMORE, October 8.—The an- Treasury to End Bond Conversion Operation Friday By the Associated Press. The Treasury announced that sub- scriptions will close Friday night on the offer to exchange new 23; per cent 10-12-year bonds for called 4% Fourth Liberties. New York Cotton FEEEFFEE By the Associated Press. NEW YORK, October 8 —The Gov- ernment report placing the indicated crop at 11,464,000 bales was somewhat above average expectation and prices, which advanced sharply before its publication on trade buying and cov- ering, eased off later under compara- tively small offerings. 25% 25% 25% 11 11 111 +1% 2% 21 2T% =% 21% 21% — % 1% 12 + % 1% 1% 10 246 246 + 4 55'% b55% + % 11 17% 16% 16% — % 11 30% 30% 80% — % 508 104% 104% 104% — % 2% 2% 12% — % 12% -+ % 10s 15% Colgate-P-P (50¢).-. 9 Collins & Atkman._ 69% Collins & Alk pf (7) 15 Colo Fuel & Ir (d).. 5 Colo F & | pf «d) change members since the announce- 3% Col G & El (a20¢)_.. ment that a large block of them will soon be retired at 92. So far, how- ever, few of the bonds have appeared In the daily transactions. The only other bond sale was in Capital Traction 5s, $500 changing ownership at 95! In the stock di- vision, Potomac Electric Power 5% per cent preferred sold at 113% on two small sales, up Y from the last fransfer. Heard in Financial District. Members of Washington clnpm-. American Institute of Banking, Wisit the Department of Justice Bnfld- ing tomorrow evening, inspect the fa- mous laboratories of the G men and be taken over the whole building. The tour is in charge of the chapter’s Public Affairs Committee. Secretary of the Treasury Morgen- thau is vacationing in Southern France, department officials stated. He originally had in led spending most of his time:in Portugal and Epain. 72 35% Col G & E pf A (6).. 31 ColG&EDL (5)-uu. 34% Colum Pic vto (11). 67 Colum Carbon (4) . 39'% Comecl Credit (2%). 119% 112 Comcl Cred nfls%ol) 56% Comecl Inv Tr(12. 115% 111 Comel 1 T cv pf (6). 102% 23% 2% 65% 37% 15% 49 58% % 22% 344 977% Comel In T pf(4%). 16% Comel Solv (1600).. % Comw & Southern._.. 291 Comw & Sou pf (3). 27 Congoleum-N(1.60) 9 Congress Cigar. 23% Conn Ry&Lt (4 41 Conn R&L of (4% )- 3% Consol Film 14% Cons Film pf ($1%) 15% Consol Gas N ¥ (1). 72% Consol Gas pf (5) 6% Consol Ol (a25¢).— % Consol Textlle . 8% Contatner Corp (A). 27 Container Corp (B). 28% Contl Insur (11.20). 196 2 30s 874 +2 70 + % 64 -1 8 -4 10 50% 50% + % 2 1144 um 114% + % 4 6% 64% 65 6112 112 112 +1 3 102% 102% 102% — % 17% 1T% + % 1% 10% Lehn & Fink (13%)_ 6% Libby McNeill & Li._ 21% Lib-O-Ford G1(1.20) 21 Life Saver (1.60) 94% Ligg & Myers (14)_. 93% Ligg & Myers (14)B 17% Link Belt (80¢) - 24% Liquid Carb (11) e 45% 31% Loew’s Inc (2) - 10813102 Loew's Inc pf *%). 1% 1 Loftine ... 26% 18% Lorillard P (t1. lG). 14% 4% La Oil Ref pf (d)_.. 47% 34 Louis&Nash(a2%). 26% 12% Ludlum Stasl_ 40 McAndrews&F(132). T% McCrory Stores (d). 6 McCrory Strs B (d). 347% Melntyre Porcu (2) 90% McKeesport T P (4) 5% McKesson & Rob__.. 82 McKesson & Rob pf 8% McLellan Stores.... 85% McLellan Stores pf. 1 18% Mack Truck (1) 30% Macy (R H)& Co(2) 18% Magma Copper (2). 7 Manati Sugar (d) - 4 Manati Sug pf (d).. ;,'5 H 43% 42% 42% — 108 108 108 + MM N OB 24% 7 41 24 40 - 2415 7 =% a -y 24 - 40 -3 11 11% — 3 11% 11% — % 36% 36% 86% — % 119% 119% 119% % 7% 42% 4% llh % 18% 18% 13% + % 107% 107% 107% +1% 21% 21 21 8 49 48% + % . @ S NOOMON BRBRANTRAID D .. ..§= & MI'I!OT Approximately $1,250,000,000 of the Liberties, last of the original war is- sues, are outstanding. They have been called for payments October 15. Holders of these bonds also were given the right to convert their securi- ties into four-year notes paying 12 per cent interest. Subscription books for the note exchange were closed September 14. To date, approximately $860,000,000 of the maturing Liberties have been converted. About = $431,000,000 has been exchanged for the new bonds, the remainder for the notes. All not exchanged by Friday night will be paid off in cash. SOAP PRICE ADVANCED. NEW YORK, October 8 (#).—The Colgate-Pglmolive-Peet Co. has ad- vanced the price of its leading brand of soap 50 cefits per gross, effective on or before October 31, December contracts sold down from 11.23 to 10.97, with the midafternoon market quiet at net declines of about 6 to 8 points. Liverpool Quotations. LIVERPOOL. October & (#.—Cgtton. no receipts. Spot in fair demand. Prices i3 points higher. Quotations. in pence: Amm m strici low ‘middling, strict “qood ordinary. Futures closed steady. December. 6.14 ry, 5. tober ai 6.14; March, 6.15: May. 6.16: July. NICKEL PLATE PLAN IS ACCORDED SUPPORT By the Associated Press. NEW YORK, October 8—A total of $9,535,750, or slightly better than 63 per cent of the $15,000,000 Nickel Plate Railroad 6 rer cent notes, which maturegf, October 1, have been de- posif der the company’s plan to extend the notes for three years, nual Baltimore Live Stock Show opened | yesterday at the Union Stockyards | and will continue until Priday. Entries this year number about 800 head, the | smallest number ever shown, due to & | recent ruling restricting pnrtlclpmu\ to grain-fed cattle. This innovation has been brought about. according to W. R. Harvey, manager of the show, because cattle- | men believe animals so fed make bet- | ter meat and have better selling possx. | bilities. A special show group is the | Western feeders, cattle which were starving on the drought-ridden lands of the West and which were brought East, where feeding is plentiful. A students’ collegiate judging con-‘ test will feature today's show. Teams from the University of Maryland, ’ Pennsylvania State College, Connecti- | cut State College and Virginia Poly-[ technic Institute will participate. A | silver trophy will go to the winning team and $150 in prize money will be distributed. LL those problems arising in connection with the management of your apartment house and residential properties will be satisfactorily handled by our Property Management De- partment when we have charge of the property. Consult with us. B. F. SAUL CO. i 925 15th St. Nat’l 2100 Mortgage Lcans