Evening Star Newspaper, October 14, 1935, Page 17

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, MONDAY, OCTOBER 14, 1935, L R = e VR R O HEAVY INDUSTRIES = % . £ B _ "FINANCIAL wxkw A—17 STOCK LIST RULES STEADY TO FIRW 2:30 pm. Prev. 1035 Stock and Sales— Net. | Prev. 1935 Stock and Bales— High. Low. Dividend Rate. ~Add 00. High. Low. Close. Chge. | High. Low. Dividend Rate. Add 00. lllh. 127% 90% McKeesport T P (4) 121121 +1% % 31 Sears Roeb’k(al6c) 35 8% 5% McKesson & Rob___ % % 1% Second Nat'l Invest 2 ::Vn 42 % 2:30 p.m, Net. Close.Chge. 20% + % Prev. 1035 Stock and Bales— High. Low. Dividend Rate. Add 00. Bluh. Low. 23 15% Contl O Del a$23%0... 1 20% 78% 60 Corn Prod Ref (3).. GZV. 61% 6% 4% CotyIno.. . ooeoeu 6% & 39% 36% Cream of Wh (12)._.. 3TH 374 Prev. 1935 Stock and High, Low. Dividend Rate. Add 00. High. 50 32 Abr & Strauss t1.20. 50s 65% 51 AcmeSteel (12)oe.. 1 9% 4% Adams Express.... Net. Low. Close. Chge. 49% 491 + % 64 64% + ¥ T 2"6 64 11 32 McKesson & Rob pt. 40 Seo Nat Inv of 32% 815 McLellan Stores..... 13% 4 + % % Servel Inc (50¢) . Proggam for Durable Goods Recovery to Be Studied 851 14% 14% 8% 28 Adams Millis (3)... 8 Addressog’h (60¢).. 415 Advance Rumely .. 615 Aftilatea Pro (60c). 1521 104% Alr Reduction (:3). 20% 15'% Alaska Jun (160¢c).. 8% 334 + % 14% + % 141 + % 6% 155 +3 15% — % 33 13% 14% 6% 152% 16% 16% 36% A% 11% Crosley Rad (a25¢). 23% Crown C&S (1) 43% Crown C&S pf(2.70) 74% CrownWP1st pf(5). 31 Crown Zelleb'k vto. 14 Crucible Steel..... 14 33% 45% 13% 33% 45% 28% 52 18% Mack Truck (1).... 30% Macy (R H)& Co(2) 18% Magma Copper (3). 3 Mandel Bros__ 29 Man Elev gtd (d) 13% Man El m4 gtd (4). & OF FER 9 Sharon Steel Hoop.. 3% Sharp & Dohme. ... 7% Shattuck(F G) (26¢) 20% Shell Trad (21.23.7) 51 Shell Union Oil 20% 4% Rails Improve After Early Decline—Some Leaders 8% Silver King C(40¢ 6 SimmonsCo.. ... 5 Simms Pet (a50c).. 644 Skelly Of} e 24 Sloss-Sheffield pf... % Allez Corp (d) _. 2% Alleg pf w$30w (d). 1% Alleg pf xw (d) 3015 21 173 1% 1% -4 % 4u-% [ 4 4 =% Allegheny Stl (1) 26% 26% — % 125 Allled Chem (8) 1 CubaCo 5 CubaRRopt. 5% Cuban-Am Suga 40'% Cuban-Am Sug p! 10 Manhat Shirt (60c). % Marine Mid14 (40c). Reach New Highs. STOCK AVERAGES at Convention. BY EDWARD C. STON Washington members of the In- P+l 1+ EREEERS vestment Bankers' Association rer ceived word today that a program built around the heavy industries has been arranged for a forenoon discus- sion at the association's twenty-fourth annual convention late this month at ‘White Sulphur Springs. President Ralph T. Crane an- nounces that two prominent speak- ers, Charles R. Hook, president, Amer- ijcan Rolling Mill Co., and Dr. Ben- jamin H. Anderson, jr. economist, Chase National Bank, will speak. Mr. Hook’s subject will be “The Durable Goods Industry—Bellweather of Pros- perity,” while the Anderson address will be on “The Financial Situation.” The concluding ceremonies of the convention will include the election of the regular ticket headed by Orrin G. Wood of Boston to serve as pres- ident for the ensuing year. Mr. Crane said that reservations for the convention at this, time are 127'; 12215 Allied Chem pf (7). T4 73% 29%, 20% T 57% qz‘& 1469- 110 AmCan (t4) 22 107 314 Allled Stor ot 49 Allled Stos ot (5) 12 AllisChalmers _. 14 Alpha Port Cmt (1) 48); Amerada Corp (3) x 411 Am Ag Ch(Del)(3). 13% Am Bank Note 21 Am Brk Shoe (1)___ 10 Am Car & Foundry. 8 Am Chain 38 Am Chain vfl!ll ). 2% Am Colortype ___. 22% Am Comel Aleohol.. 6l Am Crystal Sugar.. % Am Encaustic (d)_. 2 Am & Foreign Pwr_ 8% Am Hawailan §8(1) Am Hide & L(new) - Am Hide & L 6% pf. 29'4 Am Home Pr (2.40). 24 Am Ice 18 AmIcepf (2)_ 413 Am |nternational .. 9 Am Locomotive __ 32 Am Locomative nf 172 +1% 126% + % 8 142‘4 HOVg NZ% 6 204 20 20% 3 21% 20% 21% 2106 106 106 %+ % Y 15 Curtis Publishing. 89% Curtis Pub pf (7). 2 Curtiss Wright..__ 6% Curtiss Wright (A) 61 Cushmans pf (8)... 16 Cutler Hammer.... 22% Deere & Co.... - 19 Deere&Co pf ($75¢). 23% Delaware & Hudson 11 Del Lack & W 65 Detroit Edis 35% Devoe & R (1) A 261 Dlamond Mtch t1%. 341 Dome Mines (12)... 6% Dominion Stores. ... 17% Douglas Alr (a76c). 13% Dresser Mfg A b1l 2 Dunhil Internatl.. 12% Duplan Silk (1) 86% Du Pont (13.60). —————— 3% Eastern Roll Mills_ 8 161 110% Eastman Kod (15).. 293, T8 335 113'| 107 El 16% Eaton Mfg (t1)____ 3% Eitington-Schild __ 19% Elec Auto L (a30c). Auto L pf (7). EFEE FF OF +1+110 FEGE Dept Str (1.60) 5% Mavtag Co L 41 Melville Shoe (3)... 3 Mengel Co 20% Mengel Co pf 24'%4 Mesta Machine (3). 2% Miami Conper - 9% Mid Cont Pet(a40c). 8% Midland Steel Prod. 60% M1d1'd Stl 1st pf(8) 3% Minn Moline Pw. Minn Moline Pw pf. 14 MStP&SSMlsin. 2% Mo Kans & Tex: 5% Mo Kans & Tex of._. 10% Mohawk Carp (1)__. 55 Monsanto Chem(+1) 21% Montgomery Ward_ 61'2 Morris&Essex(3%) % Mother Lode 17% Motor Products (2). T'a Motor Wheel (80c)_ 9% Mullins Mfg (A) 915 Mullins Mfg (B) 62 Mullins Mfgpf __ 13% Munsingwear Ine__ 4% Murray Corp 30 Myers (FE) & B (2) 15% Snider Packing ... 10% Socony-Vac (30¢) ... 20 Sou Porto R Sug(2) 10% South Cal Ed (13%). 12% Southern Pacific... 5% Southern Rallway.. 7 Southern Rwy pf-.. 3% !wll-wlt.hlnnon T4 Sperry vtc (a26c).. 815 Spicer Mfg._. 33% Spicer Mg p! - 43% Spiegel-May-8 (3)..x 31 80 Spiegel-M-8S pf(6%)x 124 Stand Brands (30¢). 32 5% 2% Stand Com Tobacco. 3 9% 13 Stand Gas&El (d) . 6 11% 1% Stand GEES$4pf(d). 5 6 Stand GEES$7pf(d). % Stand Inv Corp . __ 27% Stand Ofl of Cal (1) 23 Stand Oifl of Ind (1) 35% Stand O1I N J (t1).. 12% Starrett (L 8) (1)_. 58% Sterling Prod (3 80) 1 Sterling Secur (A) . 41% 79 1 103% 13% 5% 3% 4% 10% 1% 32% 25 45% 2313 641 lt. 1083 108% 13 130 122% Stand Brands pf(7) 220s 128 127% 5% 3% 4% P 4++1 444+ £ EEE FREEEES +HE+E U +4+ =Tea EFFE FEFF FEF Net change. +.. Today, 1 p.m. 68.7 Prev. day... 68.6 Month ago. 67.9 Year ago-.. 50.2 1935 high.. 68.8 1935 10W.... 495 1934 high... 61.4 1934 low.. 1932 low... 1929 high. 23.0 234 265 26.2 216 185 43.0 228 8.7 By the Associated Press. day's stock b 15 thdus Raus Ui, 1 —d 1 =1 NEW YORK, October rails steadied, after displaying a heat) tone during the greatr part of i arket session, and ot: groups pickea up quiet strength @l 374 375 318 218 39.3 21.6 40.6 242 239 £0 Stks 49.4 49.5 50.0 38.6 50.9 3438 514 349 16.9 .146'9 153.9 184.3157.7 1927 low.... 51.6 953 618 618 (Compiled by the Associated Press.) 14.—Tht 1814 Am Mch & Fy (180c) 4% Am Mch & Metals _ n', Am Metal % Am Power & Light_ 8!. Am Pw & Lt $5 pf__ 10% Am Pw & Lt $6 pf__ 10% Am Radiator = 15% Am Roll Mills a30c. 66 Am Safety Raz (5). 415 Am Seating vtc._ 264 20 Am Shipbldg (2) 5215 31% Am Sm&Refining. 117% 103 Am Sm&Ref pf (6). 146 121 Am Smé&Ref pf (7). 63 Am Snuff (13). 12 Am Steel Foundry _ - anfcanm~ToSnannBe e ——— 11 Nash Motors (1) .. x 43 Nat Acme Co - 221, Nat Blecuit (160)., 141' Nat Riscuit pf (1) 18% 131 Nat Cash Reg(50¢) 174 127 Nat Dairy P (1.20) - 110'%4 103 Nat Dairy pf A (7). 45+ 1 Nat Dent Stores (d) } : 34% 17 Nat Dept St pf(d) o DanliOmce Bl o o e m| B31% 23% Nat Distillers (2) P 3213 21 Nat En & Stpg (2 186 145 Nat Lead (5) _ ... 140’5 121% Nat Lead of (6) B - 14% 4% Nat Pwr & Lt (80¢) 15 Nat Ry Mex 1st pf.. double the number received at head- quarters on the same relative date last year. He estimates an attend- ance of between 700 and 800. Much interest was also manifested here today in the letter just sent by B. Howell Griswold, jr., of Baltimore, chairman of the association’s Confer- ence Committee, to all investment bankers informing them of negotia- tions carried on with the Securities Exchange Commission regarding over- the-counter trading. An effort is being made to assist the commission 3% Electric Boat ____ s». Elec & Mus fnd____. 4 Elec Pw & Lt 2v. Elec Pw & Lt $6 pf_ 3 Elec Pw& Lt $7 pf_ 39 Elec Stor, Bat (2%). 1% Engineers Pub Sve. 14 Eng Pub Sve $5 pf 15% Eng Pfib Svc $6 pf_. @'a Steriing Secur pf 6% Stewart-Warn t50c._ 2), Stone & Webster 2% Studebaker Corp.. 60% Sun Of1 (11) __. 115% Sun Oil pf (6) camee. 1% Superior O1l .. 5 Superior Steel 20% 177 Sutherl’d Pap t 19% 14% Swift & Co (150e) .. —_— 6 4 Tennessee Corp. 23% 16'% Texas Corp (1) ... 36% 28% Texas Gulf Sul (2). 9% 3% Tex Pac Coal & Oil. 123 81 Tex Pac Land Trust | the beginning of the final hour. New highs for the last year «i longer were recorded by Radio pre. | ferred B, up 3, and Chrysler and Ger. | eal Electric, up about a point eacn Northern Pacific and Delaware 4§ Hudson came back for advances d | a point or so. Air Reduction, Owens Illinois and Budd Manufacturing pre ferred pushed ahead 3. Case, Wesi: inghouse, Auburn, General Motor and American Telephone were frac tions to a point higher. TUnion Pa: cific pared an early loss of some | 4 51 5% 132 19% 121 99 171 3 90s 1081 20 2% 14508 29% x 58 30% FEZ 27% 95 148 & 14% 103 Eureka Vac C(80¢). 23% 15 Evans Products(1). 20V D — in the handling of this difficult prob- lem. 18 More Banks Liquidated. Of the national banks which went into receivership since March, 1927, 18 were completely liquidated and the accounts closed during September, 1935. Controller of the Currency J. F. F. O'Connor reports. The closing of the accounts in these 18 banks brings total receivership cases disposed of by the controller’s office to 144 since October, 1934. Some of the 144 banks involved in the receiver= ships were restored to solvency by loans of R. F. C. and agreements be- tween the banks and the depositors over adjustment of deposit claims. The recent quarterly reports sub- mitted by the receivers of the closed banks in this city showed progress in the collection of former frozen assets. *The progress, however, did not appear sufficient to indicate any further pay- ments to depositors at this time. In two or three instances pending caurt 88 Am St] Fdry pf (2). Am Sugar( 2) 18'; Am Sumat Tob (+1) 987 Am Tel & Tel (9)... 7213 Am Tobacco (5) ... 74% Am Tobacco B (5) .. 9 Am Tvpe Fpf (d).. 7' Am Water Work: 474 Am Woolen 35% Am Woolen pt 3 Am Zinc & Lea 8 Anaconda Copper... 10% Anchor Cap (60c)-.. 36 ArcherDan M (t1)_ 4117 Archer Dan pf (7). 97 Armour Del pf (7). 3% Armour of [llinofs . 55% Arm'r(Ill)pr pf (6) . 16% Armstrong Cork 600 4 Arnold Constable... 3% Artloom Corp ... 7' Asso Dry Goods.__. 4 35% Atch To&S Fe (a2)_ 8% 40% 14 66% Atch To&S F pf(5).. 191; Atlantic Coast Lin: 4 AtlasTack ... _ 15 Auburn Auto. 513 Austin Nichols 2T REEENER T T S | % % W n s (3 % p ERs ::+:_++l+: ++1+1 HE EIFES 9% 4 Fairbanks Co pf. 17 Fairbanks Morse.__. T1'; Fairb’ks M pf 1315 __ 3% Fed Motor T(al0c). 2 Fed Screw Works.__. 7 Fed Water Svc (A). 1613 Fed'd D Strs (160c). 28!3 Fid Phoen FI 11.20. 13! Firestone (40c) 8413 Firestone pf A (6).. 45 First Nat Strs (2%) 19 Florsheim (1) A 2! Follansbee Bros(d). 20% Kood Machine (1).. 973 Foster- Wheeler __. 19% Four Nat Iww al.10. 17% Freeport-Texas (1). 15 Fuller Co pr pf. % Gabriel Co (A).__. 5'3 Gen Am Investors s+ 843 Gen Am 1 pf ww(6). 8% 614 15% 49 1454 36 52% Gen Am Trans(1%) 11% Gen Asphalt. 7% Gen Baking (60¢) - 4 Gen Cable (A) 19 Gen Cable pf. 1274 Gen Cigar pf (T) 20'; Gen Eleetric (30c). 1 1% 207 TN 40% Nat Steel (t1) 9 Nat Supply Co 36 Nat Supply Co pf 814 Nat Tea (60c) 7'4 Natomas Co (80c) 21% Nelsner Bros (t1)__ 43'3 Newberry J J(1.60) 4% Newport Industries 12% N Y Central RR __ 9% NYChi&StLopf__ 1% N Y Investors (d) ._ 2% N Y N H & Hartford 6 NYNH& Hartf pt * NYRwyspf (4)... 65 N Y Shipbuilding 51 N Y Shipbuild'g pf. 69 N Y Steam pf (6) % Norfolk Southn (a). 193 158 Norfolk & W (18) _ 2 North Am Aviation 9 North Amer Co (1). 35's North Am Co pt (3) 13'x Northern Pacific 1's Norwalk Tire&Rub 20 Norwalk T&R pf 315 —— 14's 9% Ohto Of (a15¢) __ 21% 16% Oliver Farm Equip. 12% 313 Omnibus Corp vte__ 75 Omnibus Cpf(8)A_ 4% Oppenheim Collins +H+1 1+ + Sy E 13% Thatcher (1) -ee---. 5% The Fair ___ _____. 61!4 The Fair pf (312%) 2% Thermoid Co ¢ 2 Third Avenue 13% Thompson Pre 1% Thompson Starrett. 7% Tide Wat Asso Oil... 4% Timken-Detroit 28% Timken R B (11) __ T% Trans & Westn Air_ 47 Transamerica(30c). 51 Transue&Willlams. 1% Tri-Contl Corp 69 Tri-Contl Cor pf(6) 3% Truax-Tra Coal... 31 Truscon Steel 13 20th Century Fox. 24%420th Century Fox pf 21 TwinCity RT._ 18 Twin City R T p! 53% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb&C(1.60). 14% Un Ofl of Cal (1).. 82% Un Pacific (6) . 79'2 Un Pacific pf (4)_ 20% Un Tank Car (1.20) 9% United Atrcraft. 413 United Alr Line vte 10 4 MRS e ; points. | issues sagged. ties did little. Transfers Bros. shares. American Hide & Leathq The steels and utili The late tone was steady to firm approximated 1,200,00) Renewed weakness of Union Pacifi apparently reflected more fears tha! the dividend, which is not being earned, may be revised downward Radio preferred responded to R-K-O thy stock purchase by Lehm:: and the Atlas Corp. The Italo-Ethiopian War situatic: appeared to have waned considerab. as a market factor, although bro | kerage quarters were not neglectin; 1 l‘m 1 % % the headlines. There were highlights and shadov: on the domestic economic horizor but the former seemed to hold t! | principal attention of speculative anc | investment forces. The steady growth of new building throughout the country was pleasin; to recovery contingents. The F. W + —$ ‘liJodge Corp. announced that resi = % dential construction contracts it ?22 l{,’::‘:-?::—‘rr‘-]n‘?;) chi 1 |37 Eastern States in Seprien‘xbL 46 United Carbon 2.40 e gt o Py amounted to $41,810,800, comparet 1% United Gorp o | with $40,528,300 in August and $17, 20% United Corp pf (3) ! % 853,600 in September, 1934. 8%, United Drug ... 7 Y | While forecasting continued busi. 65 United Dyew pt (1) =1 |ness improvement, the America: J:. United Elec Coal.. | Federation of Labor estimated tha 60's United Fruit (3). “industrial unemployment still ex 9% United Gas Imp (1) 8734 United Gas 1 pE(5) .| ceeds 11,000,000 and is above lo:i year.” 2 | 63 351; Austin NpfA (2)__x w- 4% 2% Aviation Corp(Del) 10 —— 6% 1'; Baldwin Loco (d)._. 13 26% T!; Baldwin Loco pf (d) 2 18 71, Baltimore & Ohlo._. 25 23 9'4 Baltimore & Oh pf . 7 110 100% Bamberger pf (6%) 508 49'; 36l Bang & Aroos (23 ) 1 115 106% Bang & Aroos pf(7) 20s 6!3 3! Barker Brothers.. 19 75 32 Barker Brothers of 100s 10% 5% Barnsdall Corp t60e 5 5lla 37'; Bayuk Clgar (¥1)__ 2 115 107% Bayuk C 1st pf (7)_. 30s 19 14 Beatrice Cre (a50c). 2 95 72 Beech-NutP(t3)... 1 14% 114 Belding-Hem (1)... 23% 11% Bendix Aviation___ 19% 15% Beneficial Lo (1%). x 53 34 Best&Co (2).. 4115 21% Bethlehem Steel 103% 55% Beth Steel pf(a: 1435 9% Blaw-Knox matters are also a factor in delaying early payments to waiting depositors. At present, it appears that the next payment here will be made to de- positors in the Woodridge-Langdon Bank & Trust Co., the next disburse- ment being expected to permit this bank to pay out in full, or 100 per cent. ‘This is likely to come soon. It will be recalled that the Chevy Chase Savings Bank now has a payment under way. Dollar’s Buying Power Up. The purchasing power of the dollar nvested in common stocks during September advanced appreciably above the level existing at the end of Au- gust, making another new high for the year, according to the monthly index prepared by Administrative & Re- search Corp. On the other hand, the bond dollar's buying power declined slightly, as did the purchasing power of the dollar held in cash. As of the end of September, the index of the purchasing power of the common stock dollar stood at 120.6, compared with 117.9 at the close of August. In comparison, the bond dollar was substantially below the common stock dollar, being 96.2 at the end of September, against 96.3 at the close of the previous month. The index of the purchasing power of the dollar held in cash, which is related to the United States Bureau of Labor Wholesale Commodity In- dex, declined from 95.8 at the end of August to 952 at the end of Sep- tember. Bank President Back at Desk. Rolfe E. Bolling, president of the Liberty National Bank, who has been away because of illness, is being cor- dially welcomed back at his desk by officers and patrons alike. He has been in the bank on several different days and will soon assume his regular work. His recovery has been rapid. W. W. Spaid, senior partner in the brokerage firm of W. B. Hibbs & Co., was back in the financial district to- day after a motor trip to Arizona, to visit relatives. John S. Walden, jr., controller of the Federal Reserve Bank of Rich- mond, widely known among Wash- ington bankers, has been appointed a deputy governor, succeeding Charles A. Peple, resigned. The Insurance Women's Club of Washington will hold its first Fall meeting this evening, when important changes in the constitution will be discussed and the educational and so- cial program for the coming year be planned. Miss Mabel V. Royce of the ‘Washington Loan & Trust Co., presi- dent ot the club, will conduct the * 11'» Otis Elevator (60c) 106 Otis Elev pf (6) ___. 4'4 Otis Steel 80 Owens-11] Glass(4) 14 Pac-Amer Fishertes 5 prie % : 28% 13': PacificG& E (1%) 10 1éa: E:: i{;"s'i:,?.‘,"(l? 44'; 19 Pacific Ltg (2 40) 17 2, Gen Realty & Util . | 115% 70 Pacific Tel & Tel (6) 108 16% Gen Refractorie 3 138 111’5 Pac.fic T& T pf (6) 108 12 Gillett Saf Ras (1)_ 11% 6% Pac Wn Oil (b40e) . 2 701, Gillett Sat R pf (5). 5% 3 Packard Motors 56 234 Gimbel Bros ... 12 10% Pan American Pet__ 1 18" Gimbel Bros pf_. 12 8 Param't Pic (new)_. 75 23% Glidden Co (11) 101% 84 Param’t Pic 1st pf_. 110': 104% Glidden Co pr pf (7) lg‘u ;'. l}:“:mvl Plc2dpf__ 2! 4% 1% Gobel (Adolf) (d).. :4 ark Utah . 6 14% Gold Dusg (1.20). « Parmeles Transp't_. 71, GoodrictB F) v 47; Pathe Film Corp... 40 Goodrich (B F) pf. 811 Patino Mines 15% Goodyear T&R..... « Peerless Mot 2 70 Goodyear $7 pf (4)— 641: Penick & Ford 1 2 387'a 30 Gen Foods (1.80)_. 1% Gen Gas & El (A)... 597 Gen Mills (3) 26% Gen Motors (12 107%; Gen Motors pf ( 17°« Gen Print Ink(1.60) 7 United Am Bosch 1 33 > 17T +1% L FEFEERF 5 U S8 Distributing pt 415 U S & For'n Secur U S Freight (1) 40% U S Gypsum (11 5 US Hoftman___ 35% U 8 Ind Aleohol (2) 8 5 1 9 ¥ A T4 U S Leather A vtc_. 1 . 0 2 " NEW YORK PRODUCE. NEW YORK. October 18 (P —Buiter | 19.4875; frm, = Creamers, higher 14% US Pipe & F (50¢). 3 USRealty & Imp. 914 U S Rubber._ 24% U S Rubber 1st pf. 92 USSm&Ref (a8). 62% USSm&R pt (335) 273 U S Steel..___ 3% U S Steel pf (2) 3% United Stores (A) . 133% Univ Leaf T pf (8) 24 1 Univ Pipe & Rad(d) 19% 9% Univ Pipe&R pf(d) 4 1 UtlPw&LtA) ———— 1% 1 Vadsco Sales Corp 11% Vanadium Corp 11% Van Raalte (a25e). 34 Vick Chem (12) 2% Va-Car Chemical 17'3 Va-Car Chem 6% pf 7213 Va El1 & Pw Df (6) . 63! Vulcan Detin (a4) ‘hee. bout stead: whole mllk fats, held. 1044 % cials. 20as !ull fancy to spe 214 Gotham Silk Hos o4 Beuney dCi(2) 635 fancy, 18%a10. 20 Gotham Silk Hpf._. 1% Graham-Paige ... 5% Granby Consol.eeee 2% Grand Unfon ... 184 Granite City Stl (1) 23% Granite City S rets. 4 26 Grant (W T) (1) 9% Grt Northern pf.... 9% Grt North Ore (50c) 32% 26% Grt West Sug (2.40) ]Ill 119 Grt West Sug pf(7) 3 Greyhound Corp. —_— 12% 6'; Hamilton Watch __ B 99 63 Hamilton Watchpf 20s 16 Harbison Walk (1). 2 5% Hat Corp of Amer.. 1 81 HatCo pf ww (6%)x 208 14 112 4T% 974% 42% 2315 58% 5% 1% 14% 49% 45% 347 421 9815 2% 17% Penn R R (a50e) 30 Peoples DS (11)___ + 110 Peoples DS pt(6%) 1805 16'; Pere Marq prpf___. 13% Pet Milk (1) 7% Pet C'p of Am attc. 11 Pfeiffer Brew (11)_ 12% Phelps Dodge(a25c) 23 Phila Co 6% pf (3)_ 1% Phila & Read C&I._. 35 Philip Morris (1)___ 13% Phillips Petrol (1)_. 3 Phoenix Hoslery .__ 4 Plerce Petroleum _. Pillsbury F1 (1.60)_ 12% 7 PittsCoal _ 180 172 Pitts FW&C pf (7)- 5 9 5'3 Pitts Screw & Bolt.. s.rl.% g:::x'&;::m 3 55 221 Pitts Steel pf 11 Hercules Motor (1). 2. 313 14 Pitts United Co: % 71 Hercules Pw (13) _ 11:- 6:«. ;lym;uéh ogx 128 122 Hercules Pw pf (7). 11's 6% Poor & Co (B).. 81% 173% Hershey Choc (3 16% 4% Postal Tel&C pf (d) 19% 5% Holland Furnace 17 615 Pressed Stl C pf (d) 11 6% Holland & Son (50c) 53% 423 Proc & Gamble 313 42 307 Houd-Hersh (2%) A 120% 115 ProcS& Gl.fln.; ot (%)_ 234 613 H'daille-Hers B(1). 45 20% PubSve N J (3.40).. 113 Houston Ofl (new)_ 100~ 62% Pub Sve NJ pf (5)_. 6% Hudson Motor Car_ 73 Pub Sva N J pf (6)_ % Hupp Motors 100 PubSve N J pf (8)_. —_— 97 Pub Svc E&G pf (5) 17% 9% Illinois Central 29'; Pullman, Inc (1%)- 338 Indus Rayon (1.68). 57 Pure Ofl S e 1047 ingersoll-Rand (2) 495 Pure O1l 8% p! 955 4 Lnland Steel (12) 8% Purity Bakeries (1) 8% 213 Inspiration Copp 23% 8% Interboro R T (d, 39 +1 4% Interlake Iron._. 11% + % | 5 2o Int Agricultural .. 46% +2% 187 149% Int Bus Mach (16)_. 841 41 s Ltd (20¢) 17 -1 22% Int Cement (1) 534 +1% 3414 Int Harvester 60e) _ 2Th + % 1% Int Hydro Elec (A). 5% + % 1% Int Merch Marine__ 38Y% +1% 22% Int Nick Can) (308 26 1% Int Paper & Pw (A). 475 2% % 59 +1 6 13 14 308 J12 916 39% Bohn 4dlum &Br (3) 2 47% 90 Bon Ami (A) (t4).. 38% Bon Ami (B) (2)_ 21 Borden Co (1.60) 28% Borg-Warner (2)... 3% Boston & Maine _ 13 Botany Min(A) (d). 813 Bridgep't Bras= 40¢ 2413 Briggs Mfg (12) _ 23! Briggs & Strat (3).. 30% Bristol-Myers (2)._ 361, Bklyn-Man Tr (3) __ 90 Bklyn-Man T pf(6). 1% Bklyn & Queens 43 Bklyn Union GBI(E) 3% Brunswick-Balke__. 4% Bucyrus Erfe. . 814 Bucyrus Erfe cv pf—. 3% Budd(EG)Mfg. ... | k¢ 154 FREE —a 23 Live Bouitrs week. By freight: 18a23; “brojlers unqugted: i roosters, : ducks, 18 124 29% 208 132 & FREIGHT LOADINGS. NEW YORK October 14 (P —Reve eight car loadings on railroads reporti: | today for week ended October 12 include Week Prev. t « 31 @ S - S 1 Wabash (d) 1% Wabash pf A 414 Waldorf Sys (50¢) 65\, 2% zzh + % % % % ¥ First Mortgage Notes 60/0 Interest Secured on homes in the District of Columbia. Wm. H. Saunders Co., Inc. 1519 K St. N.W. Dist. 1015 5 Ward Baking (A)... 28% Ward Baking pf (2) 3 21 Warner Bros Ple... 140 143 Warner Bros Pl pf 330s 8 Warner-Quinlan... 1 215 Warren Bros 2 20% Warren Fdry&P1__x 1 4 Webster Eisenlohr. 2 301 Wesson O&S (150c) 32 72 Wesson O&S pf (4). 3 3¢ West Pa Elec (T)A 60s 36 West Pa Elec pf (6) 30s 39% Weat Pa Eleo pf (7) 1408 West Pa Pwr pf (6) 20s 51 Western Maryland 4 FFE 1 3 BurnsBropt (d)._. 60s 13% Burr Add Mch(60¢). 66 5% Bush Term deb (d). 1 %, % Butterick Co (d)-__ 11% Byers (A M 3 2 304 California Pkg(1%) 8 10 8 6 R A OROE & o D 5 S a0 - o Tl+4+4+++41+ - - FISRFF Far iErE s 42'3 1% 6% 27 16% 13% 38 13% 467 85% 118% 55% 35% 6% 39% 29 6215 12% 63% 7 14% + % 32— ® [ 1% Callahan Zinc. ... 215 Calumet & Hecla__. 715 Campbell-Wy a406_ 8% Can Dry Gin Ale___ 8% Canadian Pacific... 30 Cannon Mills (2)... 3 4% Capital Admin (A). 1 32! Cap Admpf A (3).. 20s 45% Case (JI)Co . 8315 Case (J 1) pf (4) 36'; Caterpillar Tr (t1). 26 19% Celanese COrp.oeo.. 1 1% Celotex Co (d).-wae 14 11% Celotex Co pf (d)... 200s 22% Cent Aguire (1%).. 1 34 CentralRROfNJ. 1 6% Century Rib Mills_. 38% Cerro de Pasco (4). x 21 3% Certain-teed Prod .. 23 Certainteed Pr pf- 4% Checker Cab Mfg_.. 371 Ches & Ohio (3.80)_ 15% Chi Mail Order (11). % Chi M StP&P of (d) 1% Chi& N W (d) ... 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf. . 1% Chi R 1&P 6% pf(d) % % % % W % 4 Radio Corporation 50 Radio C'ppf A (33) 35% Radio Corppf B . 1% Radio-Keith-Or (d) 16!; Raybestos-Man (1). 297 Reading (2) . .____ 36 Reading 1st pf (2)_. k H 2 22 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED - 18 West'gh'se A Bb0c. 32% Westinghse El a0c 85 90 Westhse 1st pf 3%. 10s 10 Weston Elec ins._. 2 16% Westvaco Chi ‘40c) 3 14% Wheeling Steel..... 2 67 White Motor... 14 12% White Rk M S(1.40) 1 1% White Sewing Mch- 3 6 WhiteSew Mchpf_. 3 3% Wilson & Co (50c)... 213 68 Wison&Coptf (6).x 6 61 Woolworth (3.40)_. 22 21% 11% Worthington Pump. 1 82% 73% Wrigley W jr (13).. 1 311 17% Yale & Towne (60c) 6% 2% Yellow Truck .. 38! 18 Young Spr& W (2). 28% 13 YoungstownS& T. 34 80s FELEFSE Y] 7 Remington-Rand .. 21% Remington-R pr pf. 69 Rem-Rand 6% pf... 2% Reo Motor Car___.. 9 Republic Steel_____ 76% 28% Republic Steel pf__. 84 78% Republic Steel (A). 108 21 13 Revere Copper (A)- 108 M| 97 75 RevereC&Bpf.... 1 24% 17% Reynolds Metals (1) 5% Int Tel& Tel . __. 22 1. Reyn'lds Spring(1). 8% Interstate DeptSt_. 2 g; lgr}: fif&fi?‘%:m.x _) 1 30% 21% Roan Antel 108 44% 29% Royal D 10s 68 1 34 34 20s 107 106% 65% - NOA0I00NIN O R ] s SIEE EESEEEEEELSE 5 Olp{hl Transit More Active. Capital Transit stock was more active on the Washington Stock Ex- change lwdiy. starting off witl. an 80- share block selling at 18, same as-the » last previou, transfer. This sale was Senix S‘.’.’,,‘,‘.’Sf ol folldwed by four 10-share lots and one 1% 9 Chile Copper_. 5-share lot, all selling at the same % 31 Chryaler Corp (t1). price. The final bid was 17}, with 12 City Ice.& Fuel (3). 18 asked. 0 639% City éi:&i‘ of(63). .. . Woodware & Lothrop preferred| G 50 CLTPETCL 500y~ stock was in demand on the exchange 42% 275% Clev Graph Br (11). today, three 10-share lots changing| 2494 161% Coca-Cola (8). - .o hands at 113%;. Two more sales were| 19% 15% Colgate-P-P (506) . recorded at 113%. Final bid 113, 105% 101 Colgate-P-P pf (6). asked 115. The preferred stock pays 35% 9 Collins& Alkman.__ & 7 per cent annual dividend and is| 107 69% Collina & Afk of (7} one of the strongest issues on the 8% 6% Colonial Beacon Ofl. board. 18° S Coro am maey- 14 % = Potomac Electric Power 51, perf 891 35% ColG&Bpf A (6)_ cent preferred stock sold at 113V, same as other recent sales. In the Terms Arranged on Rasy ununy hnnu ™ oA on e NAnom BUII-DI!JG AS _§°C IA'!'IO! 78 381 Johns-Manv (a50c). 84% 5Q Jones&Lauzh?%pf. 120 115% Kan C P&L1st pf(6) 8% 3% Kans City Southn _ 18% 7% Kaufmann D S(80c) 24% 15% Kayser(J)&Co a90c 76 34 Keith-Albee-Or pf.. 24% 6 Kelsey-Ha: (A).. 22% 3% Kelsey-Hayes (B).. 18% 10% Kelvinator (160¢) - 26% 13% Kennecott C (60c) . sa 23 Kinney (G R) Co pf. 27% 19% Kresge (88) (1)... 54 113 103 Kresge (8 8)pf(7).. 40s 32% 22% Kroger G&B (1.60)_. 33 —_—— 21% LambertCo (3)——- 28 AR B SR A IR IR 2 2 AR T AR A RRAR AR S 2 X 3 2 -y 34'.'& +1% 113% + % & 118% 46 324 Safeway Stores (3). 512 % 4 1a| 113% 104% Safeway Strs b (6) 184 18% + 11415110 Safeway Strs pf (7) 25 254 + 23% 10% St Juseph L4 (400) B oI5 % St L-San Fran (d)_. 221 28% + % Z‘i 1 St L-San Frpt (d). 20 21+ 1| 124 6 SavageArms . 13% 1I3% 45 22 Schenley Distillers. b 8 1% Schulte Retall Strs. 2 §1’/’2 §?g + x 8 Schulte Re Strs pf. 190s Dividend rates as given in the above table are the annuai cash payments based ou the latest quarterly or half-yearly declarations, 6% + 14 o o e 6 s Unit of trading less*than 100 shares. 1 Annual rate pius mv, 109% 1014 foirer ) strn: N 26% 25% 25% —1% 8% 5% 1% Zenith Radio 2% Zonite Produd Rights Expire. % % Budd Mfg. Apr.16 104 Approximate Sales of Stocks on the N. !.Siook lulnnn 11:00 A.M. . 350,000 12:00 Noon. 530,000 1:00 P.M. 720,000 2:00 P.M, « 970,000 34% 109 109 113% 113% 21 204 1 = 1% 1% 1% 11 45% 2% 15 k) EEED HNOORHAR NBNROWWEE - N N-Nweg T4+ & 33 41% 413 — o 6 252 250 252 +2‘6 6 17% 1T% 17% + % 2105 104% 104% — 36 ab% 33w 35 11 180-10'] 107 107 % T =% 14 14 - % 13 13% + % 89 8 -1 14 4 20% 6 $ Accumulated dividends. & Paid this vyear. 1 36% zgu g“b"“(’,',',,;'“"’ f Iast year. dCompanies reported in recelvership or being % eagrave L reor: xEx dividend. New York Cotton = Su Pl R ;;: Floating 609. lnv. Of Steel Shares By the Assoclated Press. NEW YORK, October 14.—An early Increases 73,729 advance on trade buying which ab- sorbed some rather active hedging was By the Associated Press. followed by reactions in cotton today NEW YORK, October 14.—An in- under realizing and Southern selling. crease of 73,729 shares in the floating December sold off from 1092 to st | supply of United States Steel Corp. stock over that of June 30 is indi- 10.80, or 3 points net lower, but met an increased trade demand at that cated by stock held in the name of brokers as of September 30. 10- 6 58%0: 10% Leb Port Cement._.. : 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf. 5 Lehigh Valley R R 67% Lehman C (12.40)_. 10% Lehn & Fink (13%)_. 6% Libby McNeill & 21% Lib-O-Ford G1(1.20) 21 Life Saver (1.60)__ 93% Ligg & Myers (14)B 16 Lily Tulip Cup(1%) 17% Link Belt (80c) .. 24% Liquid Carb (t1)___ 31% Loew's Inc (2) . 1 Loftinc T 1 7 Colo & Sou 1st pf... 100s 14 +1 81 84% Colum Plovte (11). ~ 2 67 67 e 393 Cor 23 53w oo oo 3w came out at 106 on & $500 85 fpa] %112 Comel Credpe(8%). * 1115 115 18 transfer. Washingtor. Market 55 also 564 Comcl Inv Tr(12.80) 9 67% 67 67% +1% appeared on the board today, $500 103% 97% Comel In T pf(4%). alM% 104 104 + 3% selling at 993, an advance from the| 23% 16% Comel Solv (160¢)... 18% u llu + % hlt previous sale at 97%. % Comw & Southern.. 1% 4 Financial District Notes. 29% Comw & Sou pf (3). 59!‘ + % < Board rooms were well filled today When the New York Stock Market opened, prices after the Saturday hol- iday higher than they closed Friday. - October 14 én—cwg;r SR wom CONSTRUCTION LOANS AND LOANS ON IM. PP.OVED RESIDEN. T1AL PROPERTY steadyy np;m YORK. -mm[fi X n firm: tures. 51.75. - spot e 0] 5: st *Loite, 435 Zine aulet: Tt 8Y 1o spoL and, fiture. 485 Alumium. 69.; "so.mal’om'::uu. 15.50a; Prodimeon - ® figure and was holding around 10.84 in the midafternoon market. ‘The trading was not so lively, how- ever. _ Anaconda Copper Mining Co. has an amendment with the S. E. C. stating that its $55,000,000 41 per @ent debentures, due 1950, will be of- fered publicly tomorrow at 98%. . The P. W. A. has awarded a $2,569,~ 25 contract to the George A. Fuller ., \gfl-:mm, for construction g the waite housing Cleveland. 14% Cons Film of (31%) 15% Consol Gas N Y (1). 72% Consol Gas pf (5)_. 115 Consol Laundries__ 6% Consol Ofl (a25e) —_ 21 Consol RR Cuba pf- t1Can (3) - 2% 7 Contl Dia F (afe) . 42% 28% Contl Insur (11.30). % Contl MOtOrSeecaee h sm 38% 13% 8 % 17% 9 8% 8% 3% 4% 7% 88% 16 39% % % 12% Ludlum Steel . 1 23 45% 1% Long Bell Lum (A). 33 Loose-Wiles (2) Lorillard P (1.20). La Oil Ref (d) __ 10% Louisv G&EDTA 1%. 34 Louis&Nash(a3%). - LG L 90% Ludlum 8t of (6%) 6 3: x 2% 4 13% 12% 134 I l“ 12% 12% a} l# MeCrory pf (4) ... 34% Melntyre Poreu (3) ‘ A IM ures closed stead: L Higl January . March 2% 26% 24% 26% + % 1130 130 130 32 8% “ 4 +1 86% [ STEEL QUOTATIONS. NIW YORK, Oc per 100 nclln nnnealed ( 0.1 D}jlfemrah On that date the total was 1,775,496 shares, or 20.4 per cent of the total of 8,703,252 shares outstanding, com- pared with 1,701,767 shares on June 30. On September 30, 1934, brokers held 1,656,109 shares, or 19.03 per cent. holdings in New York State, of 2% per cent convertible notes, | position of Wall Street, were 1,578,383 called for redemption November 16, |shares, compered with 1,517,220 on have been converted into stock. June 30. ~ 5%2% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100