Evening Star Newspaper, November 4, 1935, Page 15

FIl OIL SHARES CLIMB ON CURB MARKET Other Sections Irregular, Some Mining Issues Join Advance. Br the Associated Press. NEW YORK. November 4 —Strength in oil shares continued to feature the curb market today, and other sections | of the list displayed irregular price | encies. wfic:iux Oil Penn was up 1': to 68': TInternational Petroleum gained 1 point 3845, and Creole Pa:mleum was up ': at 22. s increases were Bunkor Hill & Sullivan, L Mines and Pittsburgh Plate Glass. but fractional lcsses were registered by mum Co. of America, Distillc poration-Seagrams. Wright Ha r-' a Hudson Power res in light trading and q)i'\ m"\m ran up net gains of nearly 2 points. at de by Shore RONDS ON THE CURB MARKET, > BONDS H Noon 29 292099 00 IHEIEE00002929002990 3 16015 100 Al | | Ford M Can A 1% | Ford Mot Lta Texas Gae Us e Tex PAT, 35 | Fidelio Brewerv | Fi - | Fisk Rub ot (6) NANCIAL By private wire direct to The Star. Stock and Sales— Dividend Rate. Add 00. Hxlh Low. Close. Acro Supply (B). 10 1% 1% 1% Ainsworth (all§) 15 503 43 49 Ala Grt So (b2)... 258 40 40 40 Ala Pwrpf (7). 40s 75'% 74" Allted Mills(a25¢) 22 19% Alum’n Co of Am 5508 B4 Alum'n pf (1%).. 2008107 Alum'’n Ltd «Am Beverage Am Cities P&L B Am Cynam(40c)B Am Equitie: Am Founder: Am Founders 1stpf (B) | Am Founders 1stpf D .. Am Gas&E (1. 40). Am G&E pt (6) Am Laundry (40¢) 400s Am Lt&Tr (1.20). 10 Am Maracatbo. 5 Am Meter Co. Am Superpower 39 2 109 » 391 109 231y 258109 24 15'% L3 16 21 | Am Superpw of _. Am Superpower 1stpf (31) ___o Am Tnread pt (25¢) Anchor Post (d) Ancostura (120¢). Arcturus Radio T Ark Nat Gas Ark Nat Gas A _ Ark Nat Gas cu pf Art Met W (40¢) . |AssoG&E .___.. Ass0 G & B (A) . Asso G&E $5 nf Asso [nvest (80¢) Atl Coast Fisher Atlas Corp (a30c) Atlas Corp war. Atlas Plywood Auto Voting Machine (50¢) Ax-Fisher(3.20)A 190s Babcock&W (40¢) 4758 Bellanca Afrcraft | Bliss Co (E W) - Blue Ridee Corp.. 4 Blumenthal S - 1 Rohack ( HC) 100s Bohack(HC)1st pt 10s Bower Loll B (1) Bridzeport Mach. Rrill Corp A Brit Celanese Ltd rets Brown Forman Buff N& EPpf (1.60) rurm/. N POUpR e arBefaneand .: 4 & ‘f(B) 508103 103 ivan (as0c) 1008 Fullor Bros 4 Cables&Wire (A) 4 Indus Alco A n Marcon! Carib Syndic Carrter Corp - Catalin Corp Celanese 1st pf 7 Celanese prpf(7) 1 u rvhl 1st pf Cent Hudson G & Ectfs (80c) Cert&SW Ut . 12 Cent States Elec 3 Cent St E1 6% nf 150s Centrif Pipe (40c) 4 Charis Corp (1%, Chi RIVEM (133) ChildsCopnf . les Service ties Service pt Cities Service Pw&Lt $7 pf City Auto St(60c) Claude Neon Lts Clev Elec [llu (2). 1508 3 Club Aluminum Colon Of1 Colts Pat FA 1 Columbia Ga Eleccv nf (5) Columb O&G vte Com'with Ed (4) Com’'with&S war Connunity Wat S Como Mines Compo Shoe Mach s.t c.(50¢) Consol Afreraft. Cons Copper . Consol Gas of Balto (3.60) ... Cons Retail St __ Cons Royal (20c) 1 ContG&E pr pI(7) 2008 Cord Corp A Corroon & Reyn._ Crane & Co Creole Petroleum Croft Brewing . Crown Cent Petr_. | Crown Cork Intl A (250c) Cusi-Mexicana M et Gray Iron & Fo indry (bloe) Dictograph Prod Distillers C-Seagr Distilled Liquors. Doehler Die Cast Dow Chemical (2) Duke Power (3) Duval Tex Sulph Eastn G&F Asso Eastn GRFpLA(6) 125 Eastn G&F proof (43%) Easy Wash Mach B (a371z) Etsler Elec Corp . ¢ Bond&Share c BA&Sh of (5) 5 BA&Sh of (6) 10 Pwr Assoc (A) 1 “lec Sharehold'g 8 2! Shareholding PEww (33) 1258 Emp G&F 1% pf 1508 3 Emp G&F 8% nf 1008 ~mp P part(350c) 1 L3 Cell-O A&Tool 14 | Fairenild Aviatn . 2 | Fajardo Sug (a3). 758 158 | Fanny F C (50¢) 113, Fansteel Prod 114 Fedders Mfg a2ic 21 - 3 1 3 1 1 175 400s 2 861, T 5 5?; 4 18 o 4 “ 1 10 75 124 15614 15614 3 9 First Nat Stores 1st pf (7) =k Rubber 2081157% 115% -- 87 T3 6% . 1758 581y 9 32 3508 604 14 28% lintkote (1) A “la P&L pf (217 7¢) Forem'st Dairy pf Kroedtert Gr & M conv pf (1.20) . | Gen Alloys Gen El Ltdrg (a37%e) - Gen l-‘lrenronflng_ | Gen Invest Corp__ | Gen Invest nf Gen Out Adv pf._ | Gen Pub Sve pt | Gen Tire & Rub 17 8 87, % 1008 15'5 25, , | Gen T&R bt A(6). fary FNegotiab: impaired b mat AComparies reported in receive: NEW YORK PRODUCE. YORK. November 4 (P.-—Butter, | TY. hmhrr than extra. | 2030 “firets | srrom‘s (R4.87 lized (00 score). firm. _State. whole afiney Lo specsls held. 10a20. ~ This msket. R0 ne “Eosed tomiorron: election 14.217, frregular. Mixed colors: acks or selections from fresh re- ndards and commercial NEW. Egs, & clal c Srandards divms 40 pounds nd: u ibiec averace checks. 52 flllrrlv'vr( pecial _ packs indards. . 2 'h'sts< 247 reight | Guif Ofl of Pa _ | Harvard Brew ___ | Hazeltine Corp t1. | Humble Ofl 11)__ 258 13 1 5 1 | Georgia Pw pf(6) | Glen Alden C (1) Glohe Under (50¢) | Goldfield Consol Gold Seal Elec _.. | Gorham vt ext E Grlnd R Var (Sfle) 4 Gray Tel P S (a2). 50s 19 Great Atl & Ple Tea 15t pf (7)__ 60812915 129 Greenfleld T&’D__. 23 9% 9 22 68% 1 2 1 11 1 a 50s Heyden Chem (1) Hacla Min (al0c) Helena Rubenst'n Hires (CE)A(2) Hollinrer G(t65¢c) 1 Holly Sugar 508 Horn&Hard (1.60)125s Hudson Bay Min & Em(a50¢) g Huylers of Del T% Dt (4) .. 4508 Hyzrade Food _. 1 2y 111 P&L 6% pf 2008 367 I Pw&Lt36of 1800838 imp Oil Lta eoupon (t60e) . B9 21% 14 34n 24% 134 85% 30 1815 60% 35'% 36% 38 21% 34% 69% 11 Imp TobGB &1 Insurance Co of North Am (2) . 50s 69% tntl Mining war 6 3 Int Petrolm(t1%4) 122 38% »mié‘k un.;.mm!d fou" L . turkeys, 23a30; ducks. 16. €1.07 7-10) Intl Mining (60¢). 5 11 'neuul- Hos(2) 8 31 THE EVENING NEW YORK CURB MARKET Stock and Sales— Dividend Rate Add 00. High. Low. Close. Iron Fireman M vte (1) 100s 25% 25% 257 Irving AIr C(+60¢) 1 15 15 15 Jersey Central P&L pf (5%)-- 8508 71 K Jersey Central e 29 L] 98l Kirbv Pet (a20e) . Kirkland Lake G1. Koppers Gas & Coke pf (6) | Kreuger(G)Brew Lake Shore M(+2) | Lakey Fv & Mch Lehigh C&Nav 30¢ Lerner Stores (2) Lion Oil & Ref Lockheed Afrxr_. 4 Lone Star Gas 30c 8 Long Island Light 23 Louisiana L&Ex 10 MoWill Dredmx;:oo- Mangel Stores Mangel Stores pf_ Maryl'd Casualty Massev-Harris Mem Nat G(a10c) Mercantile Stores Merritt Chap & S_ Mich Gas & Oil Michigan Sugar. Mich Sug pf Midvale Co (b1)_ Mohawk Hudson 1st of (4) Mohawk H 2d pf.. Molybdenum - Mont Ward A (7) Mount Prod (60c) Murphy Co pf (8) Nachm Spraioe) Nat Bella Hess Nat Fuel Gas (1) Nat Investors Nat Inv pf (34) Nat P&L pf (6) Nat Rubber Mach Nat Service Nat Service pf __. Xat Sugar N J(2)._ Nat Transit (80c) Nelson (Herman) Neptune Met (A) New Haven Clock | N J Zine (2) NewMex&ArizLd Newm Min (al) N Y & Hond (11) N Y Merch (2) N ¥ Sieam Niar Hud Pw 508 9 19 4 3 2 1 11 208 1508 1008 11 10%, 708139', 139 21, 1121 N R 9 100 | Ntag Sh Md B em-Pond | Nipissing(a12ac) Noma Elec Corp . North Am L&P Nor Am L&P pf Northn Europ Ofl | Northern Pipe Line (i0e) . Northern States Power (A} Northwest Eng __ Novadel Ag (2) Ohio Oil cu pf (6) Outhoard Mot B . 1 Pacific Hastern__. Pacific G & E | 1stot 11y Light'z ot (6) Sve pf (340e) Pac Tin spec (a2) 55 Pan-Am Air (1)._ Pamtepce Oil Parke Davis (11 Parker Rust (13) Pennroad ( B Penn P&L pf (6) 2im 102 Penn PaL pf (7) 08 106 Penn Salt 05110 Pepperell M Perfect Circle (2) Phoenix Secur Phoenix nf (3) Pie Bakeries(60e) Pioneer Gold Mines l . 1 294 £08 1015 104% a1, 201, 104% 175 414 108 110 40, 10% 103 10% Pitts Forge Pitts& L E (21;) Pitts Plate G(12) Potrero Sugar Pratt & Lamb (1) Premier Gold 12 | Presd A Prop Rea Eropper Mo *ub Sve(lnd | Pon sve s 1pr pf Puget Sound Pw & | Ltsspt 42! | Puget Sound Pwa | Ltssor Pyrene Mrgtazuc) 1 Rwy Secur___ 1008 17% | Reiter-Foster _ 5 i Reliable Stores __ 3 107 Reynolds Invest 7 I Richfield 011 (Cal) prior (d) Richmond Rad Poot Petrolmeum | Royal Typewriter | Ruberotd Co (1) Saf Car H&L (3) St Rezis Paper Salt Creek P(80c) Savoy Oll Schiff The Co (2) Scovill Mfg (1) Seeman Br (1213) Segal Lock & H__ Selected Indus Selec Industries allot ctfs (3%) 7508 821 §1 Selec Ind pr (334) 400s &1'3 50 Selfridge (b9%sc) 218 24 Sentry Safety Con Shattuck Den Min Shenandoah _ Shenandoah pf __ Sher-Wilms (4) Sher-Wilms pf(6) 10s lwv < Smith (A 0) | Smith Corona vte Sonotone Corp South Am Gold & Plat (40c) Sou Penn O111.40_ Southn Calif Ed of B (1%) = Southn Calif Edis Dt C (1%) Sou'lafid R(120€)_ Square Deal (B) Stand C&S (2.40) Stand Ol Ky (1) Stand Oil Nebr__.. Stand Ol Ohio_. Stand Pw&Lt W'm 60t A0s 10s 33 & 1070 1" 1 = 1 8 2508 1005 5 + | Stand Silver & L | Starrett Corp (d) _ Starrett Cp pf(d) Stetson (J B) Stutz Motor Sun Investing. Sunray Ol Sunshine Min 1.60 Swift Intl (2) ‘Taggart Corp Tampa Elec(2.24) Tasteyeast(Del)A Technicolor Inc ‘Teck Hughes(40¢) Tenn Elec Pwr 1st ot (7) Texas Gulf Prod Texon O&Ld(60c) 3 5‘& “Tob Prod Ex(10c) 5 Todd Shipyard (2) 100s 29‘« Toledo Edison cupf (7) - 10s108 108 108 Tonopah Belmont 6 3 s Y Trans-Lux Daylite Pic Sp (20c) Tri-Cont] C war ‘Tubize Chatillion. ‘Tubize Chatil A__. Tung-Sol Lamp - Tung-Sol L pf (3) Union Gas (Can) (a10c) Unit Corp war. Unit Dry Dock(d) Cnit Founders. Unit Gas Corp .. Unit Gas Cor war. Unit Gas Corp pf . Usit Lt&Pw (A)_ Unit Lt&Pw of Unit Molasses Ltd (agsc) o Unit Shoe M 1215 1258 U S Foll (B) (60e) 46 US&Intl Secur.. 8 U S Lines pf 2 U SPlay C (+1)__ 100s Unit Stores vte 5 Utd Verde Ex §20c 9 United Wall Paper 6 Univ Insuranee 400s | Univ Prod (a80c) 100l Utah Apex Utah P&L pf $1% 25! Uttlities P&L 505 68% 14 3% 29% —a QRN pemoeD o maan }\uulmu P&LpL.. ‘00- STAR, WASHINGTON, COCA-GOLA VOTES 10 PAY DIVIDENDS Quarterly Distribution of 50 Cents and 25-Cent Extra Ordered by Board. By the Associated Press. WILMINGTON, Del., November 4.— Directors of Coca-Cola Co. voted a quartely dividend of 50 cents and an extra dividend of 25 cents on the 4,000,000 common shares recently created through four - for - one split-up. They are payable December 31 to stock of record December 12. The company had been paying $2 quarterly on the stock prior to the split-up. The company reported for the quart- er ended September 30 net income of | 85,360,556 after charges and Federal | taxes, against $4,353,407 in the third | quarter of 1934. Directors voted to distribute on De- cember 10 to stock of record November 15 the additional 3.000.000 shares of common stock recently authorized by stockholders in connection with the | split-up. Chicago Grain By the Associated Press. CHICAGO, November 4 —Respon- sive largely to pronounced weakness of ‘Winnipeg quotations at times, wheat values averaged lower here today. Bearish aspects of monthly private | . crop reports were also given attention. | The estimates of domestic Winter wheat acreage, however. were mainly looked upon as a tentative guess rather than an accurate forecast. Wheat closed easy at the same as Saturday’s finish to “« lower; Decem- ber. 98'.aly: corn, ',a%, down; De- cember, 58',a%: oats, ' up. and pro- visions 2 cents to 5 cents off. (VHEAT — Open. Hish. Low Close, Dec "Corn Drc May July BARLEY — Dec LARD Chicago Cash Market. Cash wheat 3 red. 99. tough: No. 2 hard, 1.15. No. 3 mixed, 1.00a 1017 tough: corn. No. 3 mized. old, A i a56: No. 2 vellow local; No. ; sample grade, tough. 21; 4 white, 2, 2514226, no rye. No. 1.05. No. 2. 1.03; soy No Sl : Chicago; vellow, 79 Chicago; barley nom- feed. 10248 malting, 45a80; 7 sced. 2.50a2.90 per hundred- clover seed, 11.50a15.90 per dredweight. vellow, 444.34 0t ample. 27a29: No. 1 | Liverpool LIVERPGOL N rc May Exchanse, 4 91's Baltimore Quotations BALTIMORE “November 4 % a Winte ¥, spot, domestic, er (1.30a) 1ding exiras & “Declared of paid so far this year. TOBACCO INDEX HIGHER NEW YORK. November 4 (#.—The | price of U. S. type 12, grade B4F, flue- | cured tobacco averaged 20.7 cents a | pound last week, compared with 20.5 cents in the previous week and 26.5 | cents in the corresponding week of 1934. according to H. A. Stich, to- . | bacco analyst and accountant. Stock end Sales— Dividend Rate. Add 00. High. Utility EqQ pf(3%:100s 77'y Venezuela Petrol 11 2 Walgreen Co war. % Walker (Hiram)_. 300 Walker (H)pf(1). 17 18% el 4 51% 8% 5ly | Westn Atr Exp(n) Western Auto Supply (3) A__ 250- Williams (RC)__ Woodley Pet (4! Wright Harg t40e T Yukon Gold 2 Dividend rates in aollars based on iast guarterly er semi-annual payment AB- nual rate—p.us ex tAccumulated div- | ideas e Bid e vear b Pald jast vear, anies reported in receivership or D being ~ reorganized e Payable |n sto LPlus partial distribution of assets. For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED ‘Ter: Arranged on Basy Monthiy Fayments Perrriarniezil BUILDING ASSOCIATION DER SUPERVISION V.8. TREASURY REDT. NW. whent. | D. C. MONDAY, NOVEMBER 4, 1035. Markets to Remain Closed Tomorrow For Election Day By the Associated Press. NEW YORK, November 4.— Election day will be observed as a general holiday throughout the financial district here, all finan- cial and commodity exchanges being closed. The Chicago and Northwest grain exchanges will be open as usual, as well as the New Orleans Cotton Exchange, Savannah na- val stores, Boston wool and the New York, Chicago and various other live stock markets. The Chicago stock and curb markets will also open as usual. All Canadian and European markets will be open. L ARGE GAINS SEEN IN CONSTRUCTION Total Industrial Projects Reach Highest Weekly Level Since 1931. Special Dispatch to The Star. NEW YORK, November 4.—Volume | of engineering construction reached its highest point for any week since Oc- tober, 1931, last week with a total value of $58,980,000, with a significant improvement in industrial building ac- tivity, it 15 reported by Engineering News-Record. The average weekly expenditure for | October reached nearly $39.000.000. as against an average of $27,000.000 per week for the year to date. “This re- | markable acceleration.” it is stated in | the report, “is traced to the going | | into action of the big relief-works fund. | in part. and also to a marked revival of private construction.” | Including only 25 per cent of the funds of the Works Progress Admin- istration, “so that the relation financing to actual construction will be represented in proper proportion,” Engineering News-Record states that the overall picture of new capital for construction, including Federal and non-Federal money, shows a total of $2.400.000,000. as compared with $1,160.000,000 & year ago, an increase ior 104 per cent. Of this total. so | far this year. $1.600.000.000 has been | made available for non-Federal con- struction, compared with $975.000.000 | in the corresponding months of last | year | “More action is evident all along the line in construction,” the magazine | continues. “More money is available, both from private and from public sourct a substantial increase is in progress in private construction, par- ticularly in industrial buildings and residential construction, and public construction, with the aid of works program funds, is holding 1ts posi- | tion. Moreover. the increase in con- | struction activity is being followed by ! the movement of materials into the fleld. Construction is getting back on its feet,” the magazine concludes, “and it is a conservative prediction that the uptrend in volume will be sub- stantially maintained.” FEDERAL LAND BANKS NEW YORK. November 4 (# . —Pederal | Land Bank bonds ‘Quotations as of 2 o'clock ) {3l May. ds July, RUBBER FUTURES. NEW YORK. November 4 (P - rubber futures opened dull. 4 to 5 nicher December. 14 26b. March, 13.50b. May, 13.69. b—Bi MONTREAL SILVER. MONTREAL, November 4 P —Si futures opened stronz. December. ¢ March. 5b. May. KG.30b. b—Bid 1 1 1 1 1 1 1 1 1 1 1 er largest of | 1d = __—AT YOUR SERVICE Washington’s Largest Trust Company CONSOLIDATED OIL OFFERS EXCHANGE Directors Approve Proposal to Issue New Preferred Shares for 0ld. By the Associated Press. NEW YORK, November 4.—An offer to holders of all of the 8 per cent pre- ferred stock of the Consolidated Ofl Corp. to exchange their stock for a new issue of preferred stock has been authorized by the Board of Directors. The board has also authorized re- demption of the 8 per cent preferred stock up to $5,000,000. This call is to apply to any shares outstanding and unexchanged after December 7, the date by which the exchange offer must be acceptéd. The stock is to be re- deemed at $110 a share and accrued interest. An issue of 110,586 shares of the new preferred stock has been au- | thorized for the purpose of carrying out the exchange, it was stated. The new stock, which will have no par value, will be entitled to cumulative dividends of 5 per vent annually and will be callable at $105 a share. It will have the same voting rights as common stock and will have the benefit of a sinking fund of 1 per cent semi-annually. The basis of exchange will be one and one-tenth shares of the new pre- ferred for each share of the 8 per cent preferred. Excluding the 16,474 shares of the 8 per cent preferred heid in the com- | pany's treasury, there are 100,533 shares outstanding. Selection of the shares to be re- deemed after the expiration of tae ex- change offer will be by lot. CHICAGO PRODUCE. CHICAGO. November 4 (7 stead than 41, uhul\d\ 1542 pound 26, Lezhorn hems. 14 colored pounds and | Colored ducks Dr score extra fir (NR-NO score score I i deniand & ndredwe thowng s No. 1, 1.45al .55 U. S. TREASURY POSITION. By the Associated Press oThe posits mbe; 1 “Xpendit ue( of the Tr Receipte FRSt a5 e0R tin RI0 61 of emergency cess of expenditurcs. Gross debt 5 T 44, a decrease of $5.14855K h evious day toms receipts 15 FREIGHT LOADINGS. NEW YORK November 4 P —Revenue Kht carioadings on railroads reporting for week ended November cluded. | santa Fe _ STEEL QUOTATIONS. NEW YORK November prices per 100 pounds. F. O | Blue arnuwd sheets. dmrm 10 rolled. 2 45: steel bars. Wil Be clbsed tomorrow. election da m-:,..wfi THE American Security is Washington's trust company, but size alone does not explain why seventy thousand people bank here and make use of our facilities. They like the way we serve them. They have faith in our policies. Of course, size may be an excellent reason for selecting a bank. When a bank has become large and influential from small beginnings, it is reasonable to as- AMERICAN SECURITY Main Office: FIFTEENTH STREET AND PENNSYLVANIA AVENUE FINANCIAL. Auto Production Climbs to 76,740 Level in Week Special Dispatch to The Star. DETROIT, Mich., November 4.— Producticn in the United States an Canada last week showed, another sharp gain as the total amounted to 76,740 cars, compared with 62,015 the preceding week, ac- cording to Cram's Reports, Inc., of this city. The current total is in sharp con- | trast with the 17,116 units manu- factured a year ago last week. ‘The reason for the great difference between last week and a year ago obviously can be traced to the change in the dates of bringing out new | models. NEW YORK. November 4 (#)— Retail sale of 4,250,000 cars and trucks of all makes in the United States and Canada, and for export, were predicted | for 1936 today by Richard H. Grant, | vice president in charge of sales of General Motors Corp. This would be an increase of 13 per cent over the indicated 1935 sales of 3.762,000 units, and would represent the best year for the industry in cars produced since 1929. CHINESE DOLLARS SAG AT NEW YORK Abrupt Decline Follows End of Shanghai Siiver Standard. | | | Ji | Move Expected. By the Associated Press. NEW YORK, November 4.--Chinece ol ceclned abruptly in the New York Foreign Exchange Market followine atandnment of ti standard Ly the Shanghai gover Hongzkongz dollars dropped 4 2 38 cents, the lowest 1 1924, and Shanghai 1.26 cents to 2987 cr transactions. Both units were under pressure most of last week in London end New York, reflecting apprehen sion of traders that some such step was announced in Shanghai yesterday would eventually be taken. Foreign exchange traders at large New York banks reported oniv a small amount of business done in both units in the local market due to the fact that tradug commenced in London several hours earlier and ment cents e July, dPFl output | LUMBER MILLS REPORT DECLINE IN VOLUMES By the Associated Press. NEW YORK, November 4-—New business. and production at the lume ber mills during the week snded Oc- tober 26, as reported to the National d | Lumber Manufacturers' Association by | regional associatiors, were less than in recent weeks. Shipments rose slightly from the previous week; pro- duction was 18 per cent above new business and 10 per cent above ship- ments. All items reported were con- siderably in exeess of the correspond- | ing week of 1934. — RAIL INCCMES REVEAL SLIGHT DROP FROM 1934 By the Associ.ted Press. | NEW YORK, November 4.—Class | one railroads for the first nine months | of 1935 had a net rail operating income of $321.994,682 which was at the annual rate of return of 1,70 per cent on their property investment. the Association of American Railroads announced today. In the first nine months of 1934 their net railway op- erating income was $344.585.784 or 1.81 per cent on property investment. APPLICATION INVITED FOR F. H. A. Mortgage Loans To be insured under the terms of The National Housing Act FREDERICK W. BERENS 610 McLachlen Bldg. Washington. D. C. Phone National 8280 Correspondent for Pask and Walbridee Members New York Stock Exchange New York City Mutval Life Insurance Co. Rinchamion. N. Y. Security - I IIHIHIIIHI m e I 7 whatever adjustments found nesessary had apparently been effected there. The initial rates of both Hongikonz end Shanghai dollars closely con- formed to the London equivalent with United States dollars selling at 4.92!4 to the pound, PARIS. ovember 4 (&) —Tt per cent rentes. 74 francs 65 centim 4'; per cent rentes, 83.60. Exchange on London. 74.75 r was quoted at 15.18. ree Dividend Changes By the Associated Precs, NEW YORK. November 4 —Favor- able dividend changes in the last week numbered 19. against 26 in the previous week, according to the Stand- ard Statistics Co. of New York. Un- favorable changes totaled only against 6 the week before. Details or changes: Favorable. Increased—Acme Wire, Manufacturing. Chrysler, Roller Bearing. Resumed—Allied Kid common. Al- lied Kid class A. Rainier Pulp & Belden Timken | Paper class B common, George E. Keith Co. Collins & Aikman. Extra—Fitz Simons Dredge & Dock. Caterpillar Tractor, Byron Jackson, Inland Steel, Belden Manufacturing. Columbian Carbon, Vick Chemical. Standard Oil of New imken Roller Bearing. Initial—General Asphalt. Unfavorable. Reduced—Derby Gas & Electric $7 preferred, Derby Gas & Electric $6.50 preferred. & Connell | proqress A Savings Accour . Will Speed You on Your Way! SM"E AND SURE financial pre ress requires the adoption of systematic saving program ® An account with “The Fidelity” provides just such a means of speeding your journey toward eventual free- dom from all money worries . . . It enables you to save in accordance with a definite plan, which is not burdensome. 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. The Fidelity Building and Loan | » | Association MAIN OFFICE, 610 13th ST. N.W, o a \ | | sume that its principles are soundly con- ceived. And to identify yourself with an alert, progressive bank is good business. The American Security is here to serve thefinancialinterestsof Washingtonpeople and Washington business, We have been serving both, with marked success, since 1889. We would like to serve you, too, whether your account is large or small. Won't you come in and talk things over AND TRUST COMPANY Largest Capital and Surplus of any Washington Trust Company CENTRAL RRANCH 7th and Massachusetts Ave.,, N. W. NORTHEAST BRANCH Eighth and H Streets, N. E. SOUTRWEST BRANCH Seventh and E Strects, 8. W. NORTRWEST BRANCH 1140 Fifteenth Street, N. Wa MEMBER FEDERAL RESERVE SYSTEM DEPOSITS INSURED by Federal Deposit Insur- ance Corporation, Wi maximum insurance for each depasitor. ington, D. C. $5,000 .