Evening Star Newspaper, October 21, 1935, Page 14

FINANCIAL. SHARP RISE SHOWN TR AN S A BY MERGENTHALER Stock Climbs From 27 to 34. New Earnings Gain Is Anticipated. BY EDWARD C. STONE. Sudden advances in the price of Mer- genthaler Linotype stock during the last few days have caused much com- ment among members of the Wash- ington Stock Exchange where this widely held security is listed. Last week, after being quiet for a Prev. 1935 By vrivate wire direct to The Star. 2:30 p.m. Stock and Low. Dividend Rate. 32 Abr & Straus 11.20_. ‘Acme Steel (3) ___. 415 Advance Rumely _. 61 AMiliated Prod 60c_ 162 104% Afr Reduction (13). 30% 173 125 Allted Chem (6) 4 Alr-Way Elec Appl. 13% Alaska Jun (160c)_. % Alleg Corp (d) 2% Alleg pf w§30w (d). 21 Allegheny 8tl (1).... 12715 12215 Allied Chem pf (T)_ % k¢ 3% 204 4t 33 3% Allled Stores 49 Allled Stores pf (5) 12 Allis-Chalmers. 14 Alpha Port Cmt . 214 Amal Leather _ . 26 Amal Leath pf (32) Sales— Add 00. Bl;h. 508 6 Low. Close. Cnge. 48 -2 2% +2% 8% 3% + % 16% + % 1515 + % 7+ % 163 +1 1 4% — % 1% + % 1 14% 1% 5 27% 169 126% 112 1% 16% 6% % 1% o1y, 16% l 30 p.m. Dividend Rate. m:o‘ High. Low. Close. Chge. Stock and Lo 14% Cons Film pf (31%) 16% Consol Gas N Y (1). 721 Consol Gas pf (5).. 11 Consol Laundri 615 Consol Ofl (a25¢)... 1081 Consol Oil pt. (8 % Consol Textile 8% Container Corp 27 Container Corp . 4% Contl Baking (A)_.. % Contl Baking (B)... 62%, Contl Can (3) ____. 7 " Contl Dia F (abc) _. 287% Contl Insur (11.20). % Cont] Motors - 15' Contl O Del aé2%ec.. 413 Corn Ex Bk&Tr (3) 60 Corn Prod Ref (3)_. 4'4 Coty Ine 357 Cream of Wh (12).. 11% Crosley Rad (a25¢). 2315 Crown C&S (1) . 8 Net. Pm lfi.’{fl 19% 18 19% +1% 29% 28% 29 + W 99% 99% 99% — N 4% 4% AW - % 8% 8% 8%+ % 111% 111% 111% + % % 16% — % 615 — % Bh+ % 1% 92 42 16% + % 2 1% + % 21% + % 57 + %W 64% +2 5 38 16% — % 230 Stock and Dividend Rate. !% Lee Rub & T (60c).. 10% Leh Port Cement.. 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf. 5 Lehigh Valley R R 6714 Lehman C (12.40) .. 10% Lehn & Fink (1%).. 6% Libby McNeill & L. 21% Lib-O-Ford G1(1.20) 112 94% Ligs & Myers (14)_ 93% Ligg & Myers (14)B 15% Lily Tulip Cup(1%) 1314 Lima Locomotive.. 1734 Link Belt (80¢) ____ 24" Liquid Carb (11)... 31% Loew's Inc (2) 108!‘ 102 Loew’s Inc pf (6%) 26% 144% 124 Lorillard P pt (7) 1% 18'5 Lorillard P (11.20).. % La Ofl Ref (4) . 10s 13714 B s 3 Add 00. High. ln' Close.Chge. | High. 18 10% 10% 1 0% + % 4 1115 115 9 115% 115 llfi% =% 5 16 16 3 22% 22 5 421 42 9 32% 31 91 49% 2 108% 13 1% 3 38 39 25% 22 + % 42 +1 32U + 14 49% +1'5 108% — % i 38 25% 4 137%. + 1% + 1 214 . 1935 CTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Low. 1 St L-San Frof (d). 12 StL Southw'npf._. 6 Savage Arms...... 22 Schenley Distillers 1% Schulte Retall Strs. 8 Schulte Re Strs pf._ 65 Scott Paper (1.80)._. 4% Seaboard AirL (d). 20% Beab'd O Del (160¢) 381% Sears Roeb'k(a76c) 1% Second Nat'l Invest. 40 Seo Nat Inv of $2%. 7% Servel Inc (50¢) . 9 Sharon Steel Hoop.. 3% Sharp & Dohme __ 7% Shattuek(F G) (25¢) 20 Sheaffer Pen (al).. 5% Shell Unlon Ofl.._. 63'% Shell Union Ofl pf__ 8% Silver King C(40¢)_ 6 Simmons Co. 5 Slmml Pet (:50-:).. Dividend Rate. Add 00. High. FINANCIAL, Low. Close. cnn 1% 1% 14 1015 50% 2% 174% 64% kJ 2 10 STOCKS ARE FIRM LATE IN SESSION Early Gains of 1 to 2 Points Held—Textiles and Chem- icals Also Rise. STOCK AVERAGES 30 18 Indust. Rails. Net change. +.2 Today, noon 171.4 Prev. day... 71.0 Month ago. 66.4 15 60 Tl Su'ks. =+ +2 +3 24.6 244 25.9 38.6 384 36.6 515 51.2 488 35% +1% 5 % 1 b 43% 25% Year - 505 1935 - 10 1935 49.5 1934 61.4 1934 453 242 349 1932 =21 239 169 273 39.3 216 40.6 38.6 51.2 3438 514 47% 34 Louis&Nash(a! 26% 12% Ludlum St. 4 43% Jong time with practically no sales 4 26% recorded, the stock suddenly jumped to 30 from around 27. After sales at 30 were recorded, the bid on the stock continued upward, but brokers found holders of Mergenthaler un- kgt 57% 3214 48'; Amerada Corp (2) _. 41's Am Ag Ch(Del)(3). 1313 Am Bank Note 6512 43 Am Bk Note pf (3). 38'%x 21 Am Brk Shoe (1) . 128% 119 Am Brk Shoe pf (7) 200] 146% 110 Am Can (t4) 39 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12'4 Southern Pacific_ .. %2 Southern Railway_. 40- 5'4 Cuban-Am Sugar... 40% Cuban-Am Sug pf.. 39% Cudahy Pkg (2%).. 15 - Curtis Publishing.. 41 125 34% 46 39% McAndrews&F(t2). 130 113 McAnd & F pf (6) 45% 28 McCall Corp (2) % 1 ~ % 1 41 30: 34% willing to part with their stock even at 8 higher figure, It sold here today at 34 The bid on the Washington Stock $xchange closed Saturday at 33 with the stock offered at 35'2. At theé sawie time Mergenthaler, which is also listed on the Boston Stock EX- change. sold there at 3414, a new high mark for many months. This is the most encouraging move that the large number of Washington holders of the stock have noted in a Jong time. The annual meeting comes in November, the annual finan- cial statement always coming out at that time. Nothing has been pub- lished vet indicating what the report will probably show. But the demand for the stock has improved so rapidly that members of the Washington ex- change believe the report will show further progress in business recovery. It will be recalled that the company made an excellent showing last year in a turnabout in earnings that was much larger than had been generally enticipated. “When-Issued” Trading Near. Members of the Washington EX- change are interested in the report that a movement toward revival of *when-issued” trading on stock ex- changes, banned since passage of the recurities exchange act of 1934, has been started by the Securities and Exchange Commission, which today 1s promulgating rules permitting such trading under certain restrictions. The new rules are designed to pre- vent indiscriminate listings of securi- ties for “when-issued” trading; to confine trading to those instances and localities where public interest demands a market; to prevent pre- mature trading on a “when-issued” basis, and to make available the same information for this type of trading as is provided for securities traded on an issued basis. “When-issued” trading will be per- mitted only on the exchange on which the warrant or security will be traded ®iter it is issued. However, if that exchange does not furnish a “when-is- sued” market in the security, then a national securities exchange in the game city may apply for permission to furnish the market. This regula- .tion is particularly important in the case of the New York Curb Exchange, 'ps it will be entitled to make a “when- fssued” market in unissued securities ©f the big board. The rules also provide that the performance of the conditions of,a contract for the purchase or sale of .en unissued warrant or security is ronditioned upon the issuance of either the warrant or the security. In the old days there was a good Eeal of trading on the Washington exchange in securities on a “when §ssued” basis. Accountants Honor Langer. An informal dinner will be tendered Lharles H. Langer, president of the /Walton School of Commerce, at the ,1ee House this evening by the leading . arcountants of Washington. He is a | on | nationally recognized authority | mccounting and will address the gath- ering on “Trends in the Preparation of Financial Statements.” Among the accountants sponsoring the meeting are Arthur J. Linn, con- troller, Hamilton National Bank; H. E. Burton, controller, Southern Daries Co.; W. C. Costello. assistant to the chairman of the R. F. C.; M. H. Sor- .yell, conferee, income tax unit; J. J. Wansolf, controller, management divis- fon, Retettlement Adnfinistration; @ames E. Anderson, secretary Sanitary Groceries Co., and W. H. Burchill, gontroller, Peoples Drug Stores, Inc. Members of the District Bankers’ [Association will hold the regular Fall meeting this evening at the Willard :Iotgl The chief speaker will be Robert . Fleming, president of the Rizgs National Bank, who will discuss the banking act of 1935. There are several business matters of unusual interest to come up and committe reports to be presented. A buffet supper will fol- jow the meeting. A large attendance s already assured. The credit managers of Washington mu hold & luncheon tomorrow in the rivate dining room of Woodward & throp, when the guest speaker will be James Totto, promotion manager of Lansburgh & Bros., whose subject will be “What Promotion Managers \Think of Credit.” Insurance Payments Started. The Federal Deposit Insurance Corp. today began the payment of about 64,000,000 to depositgrs in the closed Commercial -National Bank, Bradford, Pa. There are 11,000 depositors in the pank who have accounts of $5,000 or Jess. Only 150 depositors had more than $5,000. Their payoff will be only up to the $5,000 limit. It was reported by the Chicago office today that Y. E.'Booker, head of Y. E. Booker & Co., investment banking firm in this city, will be elected to the board of governors of the Investment Bankers' Association, at the coming convention at White Sulphur Springs. Mr. Booker has worked especially hard ‘for the association in the interest of codes and fair practices between in- vestment dealers. He has been active in the financial district here for years end is at present head of the Wash- ington Stock Exchange. Mergenthaler Linotype sold on the Washington Stock Exchange at 34 gor the first time in many moons. Five 10-share sales were recorded. This compares with a low for the ear of 25. Washington Railway & Electric preferred figured in a 27-share sale today at 107. The price is the same as in other recent transfers and is the high mark for the present year. Other issues saw bid and asked prices practically unchanged. Announcement was made in Chi- ago today by J. J. Schroeder, secre- _tary of the Reserve City Bankers' ‘Association, that the association's 3936 convention will be held April £0-22 at Biloxi, Miss. The Edgewater Gulf Hotel will be the headquarters. 0 Carolina Power & Light Co. pre- ferred share earnings, 12 months ended September 30, were $8.13, vs.. $6.32, 25 57 221y 5l 331y 10 Am Car & Foundry._ 25'3 Am Car & Fdry pf__ 8 AmChain 2% Am Colortyp 2213 Am Comcl Al 6'; Am Crystal Sugar.. 72 AmCrysSistpf 6 % Am Encaustic (d) .. 2 Am & Foreign Pwr_ 14 Am & For Pw 87 pf_ 7% Am & For Pw 2d pf_ 8% Am Hawalian Ss(1) 3 Am Hide & L(new). 2 28 Am Hide & Lpf(n). 47 97y 20%, 58 2954 10%s 10 28% 122 913 4115 49, 18% 159 27% 14% 261 53% 29'x Am Home Pr (2.40). 1°s Am Ice 1815 Am Meh & Fy (180c) 41¢ Am Mch & Metals 4'3 Am Mch & Met vto_. 13'; Am Metal . . ... 72 Am Metal pf (32) 1's Am Power & Light_ 8% Am Pw & Lt $5 pf.. 10's Am Pw & Lt $6 pf. 10'5 Am Radiator 134'; Am Radiator pf(7). 15% Am Roll Mills a30c. 4'; Am Seating vte 20 Am Shipbldg (2) 31% Am Sm&Refinini 117'4 103 Am Smé&Ref pf (§). 144 121 204 65 26% 18 23 110 10 105 51 115 19 95 145 24 19% 5415 4115 1073 27, 1415 237 12 164 597 100 26% 641 15% 521 5215 38 46% 100 31% 14 Tia 8ia 42! 1 129 Am Sm&Ref pf (7). 12 Am Stee! Foundry - 82 12 30s 6 31 2 t+4+1 194414+ 608 94 1 9 88 Am Stl Fdry pt (2). 190s 3315 Am Stores (12 18'3 Am Sumat Tob (+1) 9873 Am Tel & Tel (9)_.. 7213 Am Tobacco (5)._.. 74% Am Tobacco B (5)... Am Tobacco pf (6). 213 Am Type Fdrs (d)-. 2 9 Am TypeF nof (d).. 240s 74 Am Water Works_.. 48 Am Wat W 1st (6). 4" Am Woolen_ 35'% Am Woolen pf. 2% Am Writ Pap pf (d) 3 Am Zinc & Lead 8 Anaconda Copper-.. 16's Anaconda Wire_ 107 Anchor Cap (60¢) ... 3'x Andes Copper 1'3A P W Paper ____ 36 Archer-Dan-M(1)_ 97 Armour Del pf (7)_. 3% Armour of [1linots 55'3 Arm'r(I11)pr pf (6) 16's Armstrong Cork 500 4 Arnold Constabl 3% Artloom Corp.. 2 Asso Dry Good 35% Atch To&S Fe i 66% Atch To&S F pf(5).- 19'; Atlantic Coast Line 3 Atl Gulf&W Ind 20'; Atlantic Ref (1) 32% Atlas Powder (2)--. 4 Atlas Tack.-ccceen. 2%, Aviation Corp( 1’3 Baldwin Loco (d) .- 712 Baldwin Loco pt (d) Ti3 Baltimore & Ohlo_.. 9% Baltimore & Oh pf.. 100% Bamberger pf (635) 31 Barker Brothers 57 Barnsdall Corp 1600 37!; Bayuk Clgar (11)_. 107% Bayuk C 1st pf (7). 14 Beatrice Cre (a50c) 72 Beech-Nut P (13)_.. 114 Belding-Hem (1)... 117% Bendix Aviation.__. 15% Beneficial Lo (1%). 34 Best& Co(2) 21% Bethlehem Steel _ 55% Beth Steel pf(al%) 14% Bigelow-San Corp... 9% Blaw-Knox 16% Bloomingdale (40¢c) 103% Bloomingdale pf(7) 64 Boeing Airplane 395, Bohn Alum &Br (3) 90 Bon Ami (A) (14) 21 Borden Co (1.60) 28' Borg-Warner (2).. 81, Bridgep't Brass 400 2413 Briggs Mfg (12) _. 2314 Briggs & Strat (3) 30% Bristol-Myers (12)- 3615 Bklyn-Man Tr (3) 90 Bklyn-Man T pf(6 14 Bklyn & Qpf (2) 43 Bklyn Union Gas(5) 3% Brunswick-Balk 4% Bucyrus-Erie__ 81y Bucyrus-E cv pf 3% Budd(E G)Mfg. 23 Budd(E G)Mfg pf.. 213 Budd Wheel 8% Bullard Co 3% Bulova Watch - % Burns Bros(A)(d). % Burns Bro B (d) 13% Burr Add Mch 6l 1'» Butte Copper&Zinc. 30 California Pkg(l%) 1, Callaban Zinc. . 215 Calumet & Hecla. 713 Campbell-Wy (1) 8t Can Dry Gin Ale 8% Canadian Pacific... 80 Cannon Mills (2).. 4% Capital Admin (A)- 453 Case (J1)Co __. 8313 Case (J 1) pf (4)-.. 3614 Caterpillar Tr (11). 1915 Celanese Corp .. 17 Celotex Co (d) . ... 11% Celotex Co pf (). 22 Cent Aguire (1%).. 6% Century Rib Mills 38% Cerro de Pasco 3% Certain-teed Prod 23 Certainteed Pr pf.. 37% Ches & Uhto (2.80) 36 Chesapeake Corp(3) 5 Chi & Grt West (d). 15% Chi Mall Order (1) % Chi Mil StP&P (d). % Chi M StP&P of 1d) 1% Chi & N W (d) .. 3% Chi & N W pt (d)_. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf. % Chi R I1&Pac (d).. 1% Chi R 1&P 6% pf(d) 25 Chickasha C O (2)-. . 315 Childs Co . 31 Chrysler Corp 12 City ice & Fuel () 69% City Ice&F pf(6% ). 3l City Stores _. __. 12% Clark Equip (80¢) - 27% Clev Graph Br (t1). 256 161% Coca-Cola (8) . —oeee 57% 19% 28% 1% 14 81 9% 58 53% Coca-Cola A (3).__. 15% Colgate-P-P (50¢) .. 5 ColoF&1pf(d)... 7 Colo & Sou 1st pf... 3% Col G & EI (a20e)... 3415 Colum Pic vto 111)_ 67 Colum Carbon (4)_. 3915 Comel Credit (2%). 119% 112 Comel Cred pf (5% ) 72 56% Comecl Inv Tr(12.80) 115% 111 Comel 1 T cv pf (6). 105 23% 2 97% Comel In T pf (4% ). 16% Comel Solv (180¢)._. 2! 5% Conde Nast Pub.... 27 Congoleum-N(1.60) 23% Conn Ry&Lt (434)_ 41 Conn R&L pf (4%)- 7 "Consol Cigar 71 ConCprpf wwéy. 73 Con Cig pr pfxwé%. 3% Consol FlMeeeennn A 39 360 28 27 9 3 23 2 708 69 15 10s 3 7 80s 308 7 3 13 01 ,‘ 14+ ESEses FREFITFES F 2% 184 14% 18 108% 1084 108% 9% 9% 9% 9% 9 9%, 48% 47); 481y 110‘u 110% 110% 16% 93% 13% 23% 18% 5415 P44+ 44+ ++ Y 17% 17w 17% + 9u 106 106 106 387 37% 38% +l’/a WG'« lm 106% — % 127 134 + % 66% 66% + % 90% N 911 +21% -3% 19 2 581 +1% 9% 40% + % 34y +2 50 43 8% + % 3% + % 3% - 8915 Curtis Pub of (7) 2 Curtiss Wright ___ 6% Curtiss Wright (A) 16 Cutler Hammer ___ _— 433 19 4% 1031 50% 40% 41 435 12% 33 24 19 1137% 136% 131 115 22% Deere & Co 19 Deere&Co pf (375¢). 2313 Delaware & Hudson 11 Del Lack & W: 1'; Den & RG W p! 65 Detroit Edison (4). 35'; Devoe & R (11) A__ 2613 Dlamond Mtch t1% . 34% Diam Mat pf (11%) 34'x Dome Mines (13)._. 6% Dominion Stores .. 172 Douglas Air (a76c). 13'; Dresser Mfg A bl 12% Duplan Silk (1) 103 Duplan Silk pf (8).. 86% Du Pont (13.60)___. 1267 Du Pont deb () 104 = Duquesne Lt 18t(5) —_— 8 161 29% 7% 357 11313 10% 8% 744 28 32 3% Eastenn Roll Mills_ 110'; Eastman Kod (t6)_. 16% Eaton Mfg (1) ... 314 Eftington-Schild _. 195 Elec Auto L (as0c). 107 Elec Auto L pf (7). 37 Electric Boat _._ 5% Elec & Mus Ind____. 1" Elec Pw & Lt 213 Elec Pw & Lt $8 of- 3 Elec Pw& Lt$70pf. 39 Elec Stor Bat (2%) 14'5 Eng P S $5.50 of ww 14 Eng PubSve$5f_ 4's Equit Ofice Bldg. T'x Erle R R 101; Eureka Vac C(80c). 15 Evans Products(1). 2 Exchan —_— 13! 46 8% 64 15% 591 64% 1451 35% 3Ty 1 15t 1% 50 19 44 16% 140 3 9 26% — 12% 17 Fairbanks Mor: T1'; Fairb’ks M pf 1314 _. 40 Fed Min & Smelter.. 54 Fed Min& Smpf _. 2%, Fed Motor T(al0c). 2 Fed Screw Works__ 74 Fed Water Svc (A). 1612 Fed'd D Strs (t60¢). 28'; Fid Phoen F111.20. 13's Firestone (40c) R-l‘; Firestone pf A (6)_. First Nat Strs (23) 2% Follansbee Bros(d). 20% Food Machine (1)__ 97y Foster- Wheeler 19% Four Nat Iww al.10 304 Frank Sim pf $3% 17\« Freeport-Texas (1) 15 Fuller Coprof . 4% Fuller Co 2d pf. s Gabriel Co (A) 7 Gamewell Co 5'3 Gen Am Investor: 52% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60¢) ... 115 Gen Baking pf (8).. 5% Gen Bronze. 2 Gen Cabl 4 Gen Cabl 19 GenCablepf.cceee 50 GenCigar (t4) . 12715 Gen Cigar pf (T)__. 20%; Gen Elestric (30c). 30 Gen Foods (1.80) .. % Gen Gas & El (A) 8 Gen G&E 6%cv pfA 597 Gen Mills (3) 26% Gen Motors (12) ... 107'3 Gen Motors of (5).. 17% Gen Print Ink(1.60) 9313 Gen Print Ink pf(6) 1'a Gen Public Service. 15% Gen Ry Signal (1).. % Gen Realty & Util.. 14% Gen Real & U pf ww 16% Gen Refractories 12 Gillett Saf Ras (1) 70" Gillett Sat R pf (5). 2'» Gimbel Bros .. 18 Gimbel Bros pf. 23% Glidden Co (1) - 1047 Glidden Co pr pf 1'x Gobel (Adolf) (d).. 14% Gold Dust (1.20) 713 Goodrich (BF) . 40 Goodrich (B F) pf_. 15% Goodyear T&R ... 70 Goodyear $7 pf (4)— 2% Gotham Silk Hose.. 20 Gotham Silk H pf_.. 1% Graham-Paig 5% Granby Consol..... 2% Grand Union ... 14% Grand Un pf (1%).. 18'« Granite City Stl (1) 23% Granite City 8 rets_. 26 Grant (W T) (t1) . 9% Grt Northern pf 26% Grt West Sug (2.40) 119 Grt West Sug of(7) 20'; Greyhound Corp 4 Guif Mobile& N. 6 Gulf Moblle & N pf. 613 Hamilton Watch - 63 Hamilton Watch pf 16 Harbison Walk (1). 5'3 Hat Corp of Amer 81 Hat Co pf ww (6%) 1% Hayes Body 1; 85 Hazel Atlas Gl (). 27w 128 11 412 42 24% €9 4% 56 515 16% 3% 42% H 1!7 67 84% 125% 8% 19% 26 24% 22% 18% 96 26% 19 38 5% 274 2% 14215 Helme(G W)pf(7)_. 11 Hercules Motor (1) 122 Hercules Pw pf (7) 73% Hershey Choc (3) 5% Holland Furnace 6% Holland & Son (50¢) 338 Homestake (112)_.. 30% Houd-Hersh (2%) A 612 H'daille-Hers B(1). 49 House Fin pf (3%). 1'3 Houston O1) (new). 43 Howe Sound (13)... 2% Hudson & Manha 6% Hudson Motor % Hupp Motors 9% [1linois Central 15 Illinois Central pf__ 2315 Indus R: 46% Ln 2% In: 4 In 8% Interboro R T ldL- 4% Interlake Iron ___.. 2% Int Agricultural.... 26 Int Agricul prpf___ 149% Int Bus Mach (16).. 3% Int Car'rs Ltd (20¢c) 22% Int Cement (1) = 34% Int Harvester 60e) . 1% Int Hydro Elec «A). 1% Int Merch Ma 22% Int Nick Can)80e % Int Paper & Pw (C). 4% Int Paper & Pw of .. 213 Int Print Ink(1.40). 25% Int Salt (13%).. 16 Int Silver__ 603 Int Silver pf (). 5% Int Tel & Tel - 8% Interstate Dept St.. 614 Intertype (a20¢) 49 Jewel Tea (3) 381% Johns-Manv (ab0¢) ll'l% Johns-Man pL (7). on.-flanxl'lifl 1208 3% Kans City Sou = 7% Kaufmann D 8(80c) 15% Kayser J & Co(S0c)- 6 Kelsey-Hayes (A).. 3% Kelsey-Hayes (B).. 10% Kelvinator (t60e)._. 84 Kendall Co pf (1 13% Kennecott C (60¢).. 10 Kim Clark (a26¢)-.. zs Kinney (G R) Co pf. D- lu- lN Kresge (8 224 Kroger “I ll.“) 5% + b 28% 21% Lambert Co (2)eeee A - - > 00 30 29 09 19 1 = e 30 1 1 =3 M- . PRI ST AL o <1 8. ....~.°§~...s_s - % T+ 400 # & FRSES + HEE+ 1215 ] 1213 103 104 25 25 1% 11y 106 106 6% 5% 104% 104% 160 160 26% 26% 126 126% 7w 0 19% 19% LooHEE ) fEeE =8 ++ 14444+ EFRFFEELS 86'% 124 124 IM 8% u 13% - 98 7% McCrory Stores (d). 615 McCrory Strs B (d). 57% McCrory pf (d) .___ 347 Mcintyre Porcu (2) 90 McKeesport T P (4) 57 McKesson & Rob 32 MeKesson & Rob pt 815 McLellan Stores 8515 McLellan Stores pf. 18% Mack Truck (1) 30'; Macy (R H)& Co(2) 4 Manat! Sug pf (d) .. 13% Man El md gtd (d) _ 10 Manhat Shirt (60c). 1 Maracaibo Oil Exp_ 5% Marine Midld (40c) % Market St Ry _ 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(1%) 857 May Dept Str (1.60) 513 Mavtag Co 33 Maytag pf ww 1T%. 8415 Maytag 1st of (6) 41 Melville Shoe (3) ... 3 Mengel Co 20% Mengel Co pf - 49 24' Mesta Machine (3). 214 Mtami Copper - 9'; Mid Cont Pet(a40c). 8% Midland Steel Prod 60's MidI'd Stl 1st.pf(8) 58 Minn Hon R (13) _. 111% 105 Minn Hon R pf (6) 105% 105% Minne-Hon pf(6)cld 10s 5t 3 5 62 19% 41 194, 274, 10% 10% 331, 19% 184 | 1101 A% 343 328 187 14% 1 P 73 207 7% 11% 12% 41 103 145 3% Minn Moline Pw 31 Minn Moline Pw pf. 10% Mission Corp 213 Mo Kans & Texas 57% Mo Kans & Tex pf 1 Mo Pacific (d) 1'3 Mo Pacific pf (d) _ 10% Mohawk Carp (1) 55 Monsanto Chem (1) 21% Montgomery Ward. 50 Morrel & Co (3.60)_ % Mother Lode = 1712 Motor Products (2) T's Motor Wheel (60¢) 9% Mullins Mfg (A). 915 Mullins Mfg (B) .. Mullins Mfg pf 13'4 Munsingwear Inc._ 4% Murray Corp 30 Myers (FE) & B (2) 11 14 N N sh Motors (1) 224 133 Nat Cash Reg(50c) 127 Nat Dairy P (1.20) Nat Dairy pf A (T) 1'3 Nat Dept Stores (d) 17 Nat Dept St pf(d) 2314 Nat Distillers (2)__ Nat Lead (5) Nat Pwr&Lt (60c)._ t Ry Mex 1st pf__ 4 Nat Ry Mex 2d pf. 40% Nat Steel (11). 9 Nat Supply Co. 36 hll Supply Co pf. 4" 213 Neisner Bros (11)_. 4313 Newberry J J(1.60) 61 118!2109 Newberry J J pf(7) 910 28' 4% Newport Industries 18'; N Y Afrbrake ... 12% N YCentral RR. _ 6 NYChicago& StL. 9% NYChi&StLof.. 139 112 NY & Harlem (5) .. 813 16% 2% 16 87 9214 100 193 108 4% 24% 53% 974 21% 14 21% 158 274 N Y N H & Hartford 6 NYNH& Hartfpf '3 N Y Rwys pf (d)_ 6! N Y Shipbuilding 51 N Y Shipbuild'g pf. 69 N Y Steam pf (6) 79 N Y Steam 1st (7)_. Norfolk & W (18) __ Norf & West pf (4) 2 North Am Aviation 9 North Amer Co (1). 3513 North Am Co pf (3) 57 North Am Ed pf (6) 13' Northern Pacific __ 99 2 9% Ohio Oil (a30c) 16% Oliver Farm Equip- 3'%s Omnibus Corp vte_. 4% Oppenheim Collins._. 11'» Otis Elevator (60c). 4'% Otis Steel ._ 22% Otis Steel pr 80 Owens-Ill Gla: s(4). 14 Pac Am Fisheries _. 131 PacificG & £ (1%). 19 Pacific Ltg (2.40)... 12 Pacific Mills _ 6% Pac Wn Oil (b40c) . 70 Pacific Tel & Tel (6) 33 Packard Motors 613 Panhandle P&R pf_. 8 Paramount Pfe 84 Param't Pic1stpf_. 9'4 Param’t Pic 24 pt. 2' Park Utan 474 Pathe Film Corp.. 814 Patino Mines _ % Peerless Motor. 6415 Penick & Ford (3)_ 57% Penney J C (2) 2% Penn Coal & Coke 3 Penn Dixie Cement. 17% Penn R R (ab0e 30 PeoplesDS (f1)... 17% Peoples Gas Ch 91 Pere Marquette 13 Pere Marquet: 16'; Pere Marqprpf _ 7% Pet C'p of Am allc. 11 Pfeiffer Brew (t1) . 12% Phelps Dodge(azc) 23 Phila Co 6% pf (3)- 1% Phila & Read C&1. 35% Philip Morris (1) 13% Phillips Petrol (1 % Plerce Petroleum . 31 Pilisbury F1 (1.60) . 514 Pitts Screw & Bolt... 22% Pitts Steel pf 24’3 Pitts United C of. 4% Postal Tel&C pf (4) % Pressed Stl Car (d). 613 Pressed Stl C of (d) 42% Proc & Gamble $13% 73 PubSve NJ pf (6). 29% Pullman, Inc (1%)- 5% Pure Of1 8% Purity Bakeries (1) 4 Radio Corporation_ 50 RadioC'ppf A (3%) 35% Radlo Corp pf B... 1% Radio-Keith-Or (d) 16} Raybestos-Man (1). 3% Real Silk Hosiery_. 1 Reis (Robert) 8 Reis (Robt.) 1st pf_ 7 Reminzton-Rand 2114 Remington-R pr pf. 69 Rem-Rand 6% pf_-. 2% Reo Motor Car. 9 Republic Steel 28% Republic Steel pf. 78% Republic Stl pf A 13 Revere Copper (A). 75 RevereC& Bpf._._ 17'4 Reynolds Metals (1 12% Reyn'lds Spring(1). 43% Reynolds Tob B (3) 21% Roan Antelope Ltd 29% Royal Da1.70 1-1! 324 Safeway Stoves (3). 10% St Joseph La (400). . { _. 1000 12% 12% 1 12% 12% 1 97% 9T 8 36 3% 1122 122 32 8% 13 45% 45 14% 20s 110 25% 2 18 - 1008 6 24 23 4 4 2 80s 103 3 51 0s. 14 7 19 9 208 2 40s R 4 ~ ++ oL 3 28 18 2 5 20s 11312 Th 131 107 108 64 EFESETEEy b AR LR+ EFNPEEE 7 Southern Rwy pf. .. 15 So Ry M&O ctfs (4) 5 Spalding (A G) = 59'5 Spang Chalf pf $33 3'a Sparks-Withington 3% Spear & Co._.__ 65 Spear & Co 1st pf 32 Spencer Kell (1.60). T% Sperry vtc (a26¢).. 813 Spicer Mfg 33% Spicer Mfg p! 43% SpiegeleMay-S (3' 80 Spiegel-M-S pfl&%) 12'; Stand Brands (30¢). 130 122% Stand Brands pf(7) 6% 9% 11% 25% 20 38% 1s S0 25 67% 26'5 3 20 2l Stand Com Tobacco. 1% Stand Gas&El (d) 1% Stand G&E$4 pf(d). 4% Stand GEE$6pf(d)_ 6 Stand GRESTpf(d). 27% Stand Of! of Cal (1) 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 35% Stand O1INJ (t1).. 121 Starrett (L S) (1).. 58% Sterling Prod (3.80) 1% Sterling Secur (A)_. 314 Sterling Secur pf___ 36 Sterling Secur cv pf 6% Stewart-Warn t50c.. 2Y; Stone & Webster. 2% Studebaker Corp. 605 Sun Ofl (11) _ 115! Sun Oil pt (6) 11 Superheater (50c) 14% Swift & Co (11)- 103% 103% 148, 14% 125% 125% 1929 high_.. 148 9 153. 9 184.3157.7 1927 low... 51.6 953 618 61.8 (Compiled b! the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, October 21.—The stock market moved along at an active pace with a firm tone during lats trading today. Early leaders with gains of 1 to 2 points showed little change in posi- tion, while additional strength came to the surface from several new quare | ters, including textiles and chemicals. At the beginning of the final hour 113 4+ % +1% | 1" American Commercial Alcohol, © T4 1204 l"‘l)’u 1 223 22% 2l 224 197 R O B R S IR A _— 6 23% 268, 26% 91, 125 26 59 4 Tennessee Corp.. 163 Texas Corp (1) 28% Texas Gulf Sul (2). 14 Texas& PacRR.._. 3% Tex Pac Coal & Oll. 813 Tex Pac Land Trust 13 Thatcher (1) .. 50 Thatcher M pf(2.| 60) 5% The Fair ~ Thomp'n(JR 13% Thompson Products 1% Thompson Starrett. 7% Tide-Wat Asso Oil . 84 Tide Wat A O pf(6) 4% Timken-Detroit ___ 28% Timken R B (11) Tl Trans & Westn Afr_ 47x Transamerica(30c). 5's Transue& Williams. 1% Tri-Contl Corp 69 Tri-Contl Cor pf(6) 3% Truax-Tra Coal . 313 Truscon Steel 13 20th Century Fox._ 247 20th Century Fox pf 18 TwinCity RTpf__ ——— 824 133 50 66% 51 154 408 2 533 Und-Ell-Fisher (2) 126'; Und-Ell-Fish pf (7) 29 Union Bag&Pap (2) 44 UnCarb&C(1.60). 14% Un Otl of Cal (1) 8213 Un Pacific (6) 20% Un Tank Car (1.20). 97 United Afrcraft____ 4'; United Afr Line vte 7 United Am Bosch_.. 20% United Bisc (1.60) 46 United Cnrbon 2. 1'; United Corp .. 20% United Corp pf (3)- 8% United Drug____._ 4'; United Dyewood . - 65 United Dyew pt (7) 3% United Elec Coal ... 60'; United Fruit (3)___ 9% United Gas Imp (1) 8713 United Gas I pf (5) 2ix United Paperb’d (d) 5 U S Distributing pf 4'; US & For'n Secur.. 11 US Freight (1) U S Gypsum pf (7). US Hoffman _____. 35's U S Ind Alcohol (2) 7'3 US Leather A vte_ . 53 US Leath pr pf vte. 14% U S Pipe & F (50¢) _ 19% U S P&F 1st pf 1.20. 3 US Realty & Imp.. 9'3 US Rubber.__ 24'3 U S Rubber 1st “3‘- U S Steel pf (2)- 31> United Stores (A). 46 United Stores pf___. Univ Leaf Tob (t2) 133% Univ Leaf T pf (8). 29 Univ Pic 1st ptd 7 Univ Pipe & Rad(d) 5'a 214 31" 17 — -5 9 SRS AR I @ Gl mBeo~ahonSle @ N 1D BrRAaB8e T 28 1360s 25\. shares showing gains of ' to nearly 2 | points included General Motors, Chrysler. Hudson, Fackard, Stude- baker, Sears Roebuck, Woolworth, Na- tional Distillers, Celanese, Loews, Columbian Carbon. Monsanto Chem- ical, Western Union. Consolidated Gas and International Teiephone. Some of the steels and rails were hesitant. Transfers approximated 2,600,000 shares. The market got a “boom™ thrill in the first hour, when one block 10,000 General Motors changed hands at a fractional advancg. Another block of 15,000 Packard went over the tape and was followed by a single transfer of 13,000 Reo. Leading gold currencies, including the guilder, stiffened when the Bank of the Netherlands reduced its dis- count rate one-half per cent to 412 per cent. This followed a cut last week from 6 to 5 per cent. Further shad- ing of the rate was said to have been due to easy money conditions and the replenishing ¢f Dutch gold stocks. Market analysts, while expecting intermittent technical reactions, stressed the view that the status of stocks is almost exactly the reverse of the situation prevailing a year ago when business was faltering. Even allowing for the rise in stock prices, it was said, confidence is general that the uptrend in trade will show little deviation over the Winter and Spring months. of e Wilson-Jones Co.—Common share earnings, vear ended August 31, were | $2.14 vs. $151 5 81 308 4 19% 9% Univ Pipe&R pf(d)_ 1208 4 1 UHIPwé&LtA) ————— 118 8% 84% 8% % 1 Approximate Sales of Stocks on the N. Y. lhekluhlnn. Dividend rates as given in the above table are the annuai cash 13 Vadsco Sales Corp. 194 Vadsco Sales pf_. 11% Vanadium Corp 11% Van Raalte (a25e) 34 Vick Chem (12) 2'3 Va-Car Chemical ... 17'; Va-Car Chem 6% pf 72'3 Va El1 & Pw pf (6) . 63'3 Vulcan Detin (a4)__ 4'x Waldorf Sys (50¢) 261 Walgreen Co(1.60 1% Walworth Co (d)_ 1l Ward Baking (B) .- 281; Ward Baking pf (2) 2% Warner Bros Pic 1415 Warner Bros Pic f % Warner-Quin (d)__. 2'3 Warren Bros - 20% Warren Fdry&P 1 4 Webster Eisenlohr_ 30% Wesson O&S (150c) 72 Wesson O&S pf (4). 34 West Pa Elec (T)A 36 West Pa Elec pf (6) Pa Pwr pf (7) 51y Western Maryland. 1% Western Pacific 2% Western Pacific pf_ 20% Western Union 18 West'gh'se A B 60c. 32% Westinghse El a50c 90 Westhse 1st pf 3% 10 Weston Elec Ins.._. 29 Weston Elec (2) A_ 16% Westvaco Chi ‘40c) 14% Wheeling Steel _. 4612 Wheel Stl pf(31%). 67 White Motor _ 3% Wilson & Co (50¢)-. 58 Wilson & Co pf (6). 51 Woolworth (2.40) .. 11% Worthington Pump 25% Worth Pump pf A_. 73% Wrigley W ir ('l) 17% Yale & Towne (60¢) 2% Yellow Truck. 3114 Yellow Truck pf __ 230s 18 Young Spr& W (2). 13 YoungstownS&T. 'wn S&T pf 1% Zenith Radto 2% Zonite Product: °_Bights Bxpire. % Budd Mfgs. Apr. 16 payments based on the latest quarterly or | “'sunit of trading iess than 100 shares. $ Accumulated _dividends. d Compantes zEx dividend. reported in receivership FE OEFFES 2% + T8 3% — % 60 41 17 + % 43+ 4| 10 22 | 208 80% +1l | 10 10 8% a4+ W 25 Kl % First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Basy Monthly Payments MEIMBER BUILDING & LOAW AS5OCIATION COUNCIL o D.C. NATIONAL Perrr ex1 BUILDING ASSOCIA'.I'!ON‘ | | 949 NINTH STREE INCORPORATED INVESTORS DIVIDEND SCRIP BOUGHT—SOLD—QUOTED WAaGGamaN, BRaw & Co. :Blu - 1700 Eve St. N.W. You Soar Safely « . . with the Building and Loan Plan of Saving! YOU can plan high accomplishe ments when your financial future is safeguarded by the PROVEN plan of “The Fidelity.” Equally inviting is the fact that you can make pay- ments with us easily—and at once. 5% Paid on Savings —Compounded Semi-annually from the date of payment to the date of withdrawal @ No restrictions on the amount you may deposit or withdraw . . . and youll always find at “The Fidelity” a friendly spirit of helpfulness and ‘co-operation. The Fidelity Building & Loan t-yearly declarations T Annual rate plus b Paid or being & Paid this year. Association MAIN OFFICE, 610 13th St. NW,