Evening Star Newspaper, November 13, 1935, Page 17

FINANCIAL. CURBLIST SCORES UNEVEN RECOVERY Specualhes Lead Advance. Some 0ils, Industrials Give Ground. Br the Associaied Press NEW YORK. November 13.—A number of specialties with good gains led an irregular recovery on the Curb market today. Some oils and industrials gave ground. Some of the wide gainers included | Phjardo Sugar, up 6 points, and preferred issues of Celluloid, ahead 3 to 10 points. Others up major fractions to more cluded Celluloid common, Chesebor- ough, Doehler Die, Newmont, Safety “'Car Heating and Standard Oil ©Ohio. Losers of 1 to 3 points or s0 in-| cluded Babcock & Wilcox, Driver Harris, International Petroleum, Gulf Oil, Sherwin-Williams, Parker Rust Proof. Aluminum Co. of America and Lerner Stores. B RONDS ON THE CURB MARKET. DOMESTIC BONDS High. Low. Noon. Alabam Pw 413 'H3 33, Ris, R Alabama Pow a3 Alabama Pow 3 ' Alabama Pow Alabama Pow Aluminum Lid Amer Am G & Pow 134 10134 108 1 1053, 1 than a point ln-' of | THE EVEN ’ NG - STAR, WASHINGTON, !NEW YORK CURB MARKET By private wire direct {0 The Star. Stock and Sles— " Dividend Rate. Add 00, Hieh, Low. 2:55 Air InvestorsInc. 1 1%a 1% 1 3€0s 66% Gl’l 66% 1 1% Ala Pwrnfls\ s |! Alliance Inves! Allied Mlllala'oc) 41 20 19% l|\|m'n Co of Am 1250888 R61 KTl Alum'n pf (1%)..100s111 111 111 Alum'n G'ds(40c). 1 16% 16'% 16% Am Capital (B)_. : 3 | Am Cities P&L * A - 160s Am Cit P&L (B) . 6 | Am Cynam40c)B 28 Am Fork&Hoe 601008 |Am Founders ’ Am G&E (1.40) | Am G&E pf (6) | Am Hard Rubber_1. | Am Li&Tr (1.20)- | Am Maracaibo._. | Am Meter Co | Am Superpowe l7 17 " 9 9% 29 258109 109 22% 10 1 | Am Superpwr pf—. | Am Thread pt (25¢) Angostura (i20c). Apex Elee Mfx Appalachan Elec Pwrpf (1)____6208108 108 108 | ArkNatGas._ .. 3 2% 24 2% Ark Nat Gas (A) 2% Ark Nat Gas cu pf 6% Art Met W (40c) . 10% Ass0 G & B 1% [AssoG&E (A) 2 14 1% | Asso Inv (80¢) . _100s 29% | Atl Const Fisher 13 9% Atlas Corp (a30c¢) 4% 13%, } Atlas Corp war T | Atlas Plywood Auto Voting Machine (i50e). a -Fisher(3.20)A° 505 beock&W (40c) 1253 % 16 ; < # 2 | 13 10 Al 10% 4’y 105 ?‘u 6ln 10 1% 1 207% 1 1 6l 4 2 B Baldw L bd rtsid) | Rliss Co (B W) - Rlue Ridge Corp _ Blue Ridge pf (3). Bourjois Inc aZic. Rower Roll B (1). Brazil Tr L&P | Bridgeport Mach Rrill Corp (B) British-Am Oil conpon (800) British Celancse Ltd rets | Brown Co pt Hrown Forman 43 A% 32y | 3| Buffalo Niag & E NKig Rois Bel Tel Cnn IM C o & Brmngm EI 4'2% AR L Citics Service Cities Servic Cit Srv Ga Cit Srv Pw Comney PAL Consm_Power Cont G&E 3s Denver GAE 5t Det C Gas i A JDer C Gas 5s B ° Emp Dist EI Emp G & W 5ixs ' Faibnks Mor Florida o & L 38 O Y Pw 5 Glen Alden C 4 Goeb B K. 5 ww 80 Grand Trunk a5 101 101 Gt a8, 1083, 105 ' 105 <Hood Rub slas 00d Rubber s Houst GIf G #s A '43_ Ziod lm‘.l H\xrnd! Pd m A 49 A5 r 5. ai a4, Rooq LH! 1hai a5 1013 10415 1013 101 5% 02 10473 1041 742 5108 0s ¢ Mass Gas &3 Mass Gas : i | Cusi Mex Mining 0 . 1l 4125 D N 1l 4'as F '8 5x D 10612 10812 10034 10034 80 ' 80 1072 1031 241a 12 5. o Cilofina ’h T 5 31a 1021, '« 103 100 wn‘ 1043 104% i TORL TR TNRT, TR, e P 10115 10313 10313 FOREIGN BONDS Chile MB s 31 1002 100 Tsorta 4% xw Ital Su Pov nl AR ® mat ww—With warrants, 1 —thnur war- rants. n—New. " wi—When issued. st (stm_Stam Nt iaBIty impaired by maturite tCompanies reporied in receivership. U. S. TREASURY NOTES. ‘Reported b, nf: rpMatur B AT AN LES8R3nED P pf (1.60) - Buffalo Niag & Fastp 1st pf(3) Rulova W ev pf__. Bunker Hill & Sullivan(asoc) Rutler Bri hle I Prod vie bles& Wire(B) an Indus Alco A n Indus Alco B Carib Syndicate Carrfer Corp._ Catalin Corp Celluloid Corp Celluloid Corp pf 400s “elluloid C 15t pf_ 30s Cent v pf (new) Central States Electric 7% pf Centrif Pipe 140¢) Charis 100= | Long Island Light 250 815} | North Am L&P p! Stock and Sales— Dividend Rate. Add 00. High. Low. 3 . a a Intl Products.. .. Intl Util «B) . 1 Interstate Hos(2) ' 3 25-. Interstate Power (Del) pt d Irving Air C(160c” 1 1tal Superpwr(A). 1 nes&Laugh St1_900s Klelnert Co & Coke pf (8) ___ Kress (S H) spec ot (60c) Kreuger(G)Brew. Lake Shore M(12) Leftcourt Realty ot (12) Tehigh C&N(30¢)_ Lerner Stores (2). Lockheed Airxr . Lone Star Gas 30¢ Long Island Light Long Island Light pf (A)(T) L 2 a3 1 1 9 20 1308 pt (B)(6) Louisiana L& E Lynch Corp (2) _. s 24 4 McCord Itad (B) 1 | McWill Dredg(12)350s Marion Steam Sh 1 Masonite C (a26e) 1108 Massey-Harris _ 3 Mayflower A8 (2)_150s Mead Corp (The) . 1 Mercantile Stores Merritt Chap & S pLA) .. Mesabl Iron Middle States Petrol vic (A)-- Middle States Petrol vte (B) - Mid Royalty cvpf (41%) | Midvale Co (b1) - Mohawk Hudson 1=t pf (4) Molebdenum _ Mont-Ward A (7). 205139 | Mount Prod (60c). \at Bella Hess Nat Bd&Sh (11) _ | Nat Fuel Gas (1)_ Nat Investors | Nat Invest war Nat Leather Nat P& L pf (6) | Nat Rubber Mach_ Nat Service Nat Sugar N J (2) Nat Transit (80c) Nehi Corp Nev-'al Klee New Haven (Clock N J Zine (2) Newmont Mali, N ¥ Auction NY & Hond (11)_ 2008 29% N ¥ P&L pf (1) N Y Tel pf (613) Niag Hud Pwr Niagara Hudson _Pwr (A) war __ iles-Bem-Pond | Almsaln"(al."_cb Noma Elec Corp North Am L&P_ 10 3002 3 Nor Am Mat (1)__ 258 Nor Ind Pub Sve 7% pf ( Northern States Power (A) Novadel Ag (2) __. Ohio Pwr pf (6) | Outboard Mot (A) Outboard Mot (B) Pacific Eastern Pacific Gas & Elec of (1.3 Pacific G & E t tu Df 1508 Cities Sve P& L | _siof City Auto St (60c) Claude Neon Lts Clev Elec Illu Clev Tractor Club Aluminum Colon Oil Columbia Gas ! Eleccvpf (5) | Columbia O&G vtc Com'wlth & S war Como Mines | Compo Shoe Mach ste(50c) | Consol Aircratt_ Cons Copper Consot Gas of Balto Cons M&S( ) Cons Retail Stores 8% nf ww z ; Cons Roval (29¢) . | Cooper Bess pt A | Cord Corp . | Corroon & Reyn | Cosden Oil Me (d) | Cosd’n O Me pf(d) , “rane & Co o | Creole Petrolenm_ | Crocker Wheeler_ | Crott Brewins 100s s 13 15% % 13 15% | 4 8714 188 5 2 8TY% 105188 188 v\bl;alml | Darby Petr (50¢)_ Derby Oil & Itef Detroit Gray iron & Fdry (b)0c) | Dictograph Prod_. | _Segrams | Distilled Liquors | Loehler Die Cast . | Dow Chemical (2) | Draper (12.40)_ 100 Driver Har (astc) 3 lhukei‘m\erl.b ~ 1008 Duval Tex Sulph 2 | Eagle Pitcher Ld_ 1 | Eas'n G&F of Dl‘Df(4’2‘ e S0, 5 | Easy Washing lec Bd&Sh vf (53 lec BA&Sh pf(6 Pwr Associates Pwr Asso (A). ¢ Sharehold'g ... Elec Sharehold Dl ww (13) 2008 Emp G&F 79, pf_. 1508 Emp G&F 8% pf_ 1508 3 p P part($50c) 2 2 uity Corp European Electrie Ltd hd rts Ex-Cel-O A&Tool . Fairchild Aviat'n. Fajardo S (at42i) Ferro Enam (80c) Fisk Rubber __ Fisk Rub pf () _ Flintkote (1)(A)- 6 FlaP&Lopt ___400s 55 Ford MCan A 13 18 Ford Motor Ltd (al7.7¢) - Froediert Gr & M cvof (1.20)____ 2008 Gen Alloys ____ " 3 Gen Elee Ltd T2 (a3715¢) 1 Gen Fireproofing . 1 Georgia Pw pf(6) 258 Glen Alden C (1) ‘16 Globe Under(50c) 1508 Godchaux Sug(B) 1 Goldfield Consol__ 20 Gorham (A) __. :1 | Gorham vic ext | @ty = Grand R Var(50c) 1 Gray Tel P S (a2) 309 Greenfield T&D.. 2 GulfQilofPa . 3 Hall Lamp (a10c) Hazeltine Corp 1. Hecla Min (a10c) - Heyden Chem(i1) 1 Hollinger G(65c) 1% Holly Sugar_ 2003 Horn&Hard (1.60) 1005 | Horn&Hard pf (7) 10210 | Hudson BM&S(1). 20 | Humble Oil (1) ___ Huvler's of Del 7% pf (4) | Hydro Elec Secur_ Hygrade Syl (2) 111 P&L 6% pf. 111 Pw&Lt 86 of Jllum Shrs(A)(2) Imp Oil Ltd conpon (150c) Imp Tob Canadi (135¢) . - [nsurance Co of 15 lflfll‘ 10Rn. 1815 1R, 6015 60% 3514 35 4% 38 36 3Ry 534 203 13% 1508 ,37% 9508 539 258 15315 27 21% . 1 i3% | Pacific | Sunray Oil ._ 1008 €9% 28 North Am (2) Intl Cigar M(1.80) intl Hydro Elee System ev pf Intl Mining (60€). 7 1% Intl Mifing war _ 27 & inu Petro (T1%). 127 3%, 69% 33 2258 Ph R 1stpf (132) Public vepf (330c) 1 Pan-Am Air (1) - 4 PantepecOil _ 17 Parke Davis (11). 1 Parker Rust (13) 850s Pennroad Corp __ 163 Penn GEE(A)1 - 2 Penn Mex (b75¢) Penn W & P (3) Phoenix Secur Ple Bakeries(60c) Pioneer Gold Mines Ltd (80c) Pitney Bowes PM(120e) . & Pitts& L E (23;) rms Potrero Suzar Power Corp Ca i Premier Gold + Pressed Metals (a12%c) Prod Roy'ty(2%c) Prudential Invest | Prudent Inv pf(6) 100s 100 108 14 3 Pub Sve Ind pf _ Pub Sve Util pr pf 50s Puget Sound Pwr & Lt §5 f Puget Sound Pwr &Ltg§6of _ _ 2508 Reeves Dan (30c). Reliable Stores Reynolds Invest Richfield Oil (Cal) prior (d) Richmond Nad Rochester G & E pf (D)(6)_ - 50s itoval Typewriter 6 Ruberoid Co (1) 2508 Safety CH&Lt(3). 258 St Regis Paper Salt Creek P(80c). Schiff(The)'o(2) Scovil Mfz (1) _ Sezal Lock & H.. Selby Shoe (2) Selected Indus Sentry Safety Con 2 200s 1 50s | Shattuck Den Min | Shenandoah pf__ Sher-will (4) Sher-Will pt(6)_ Sinzer Mfg (76) _ 408297 Smith Corona vte. 1 Sonotone Corp .. 14 Soutn Am Gold & Plat (40c) So Penn Oil (1.40) Southn Calif Edis vart pf (13%) Southn Calit Ed ot (B)(1%) Southn Calif Bd PL(C)(13) . . Southn Nat G (d)_ Southn P L (30c)_ So'land R (720e) . Sonthwest Penn Pwr& Lt (4) Spanish&Gen (B). 1 Square Deal Co pf (A)(2.20) 40Cs 3 Square Deal (B) _ 1 Stand C&S (2.40)_100s Stand Oll Ky (71). 13 Stand Oil Ohio 12 Stand Pwr&Lt Stand P&L (B) Stand P&L pf Stan Sil&L(alc) Starrett Corp (d)_ Starrett C pf (d) - Strook & Co Stutz Motor Sullivan Machine _ 15 Sunshine M (1.60) Swan Finch Swift Intl (2)__ Swiss Oil Cp a20c. Taggart Corp Tampa Elec(2.24) Tasteyeast(Del)A “Pechnicolor {nc Teck Hughes(40c) Texas Gulf Prod . Texon O&L (60c). Tobacco & Allied Stocks (all3) __ Tob Prod Ex(10c) Trans-Lux Daylite Pic Sn (20c) ... Triplex Safety Gl (a56 1-10¢) _ Tubize Chatillion. Tung-Sol Lamp _. Union Gas (Can) » @ 9 —oR NPT A 0— 758 T 22 15 Unit Corp war._. Unit Founders. 1t Gas Corp Unit Gas C war_ Unit Gas Corp pf._ Unit Lt&Pw (A)_. Unit Lt&Pw pf __ Unit Profit Share _ Unit Profit Share oGy Unit Shoe M 12 h 3258 Unit Shoe Mach Pt (13%) U S Finishing U 8 Foil(B) (60c) .. US& Int] Secur.. U S & Int Secur 1stptww ($1)-. REBRaBa8R0n man » §0s 10 10 3 3 208 20% 2 e 2 38 108109% 19 2:55. o W o 28+ 28Y% 4 20% 16 L] Aty 4| ported a 100 per cent gain in total net, 4| having enjoyed a substantial g 4% ™ D. EARNINGS CLIMB . FAR ABOVE 1334 Third-Quarter Nets oi 234 Leadh\g Firms Show 68 Per Cent Gain. Special Dispatch to The Star. NEW YORK, November 13.—On the basis of income reports of 234 impor- tant companies now available, third quarter earnings of industriat corpo- rations are 68.6 per cent more than a year ago. This rise was made possible by an 18 per cent expansion of indus- trial activity, illustrating the more | rapid progress of profits than of sales |in a recovery movement, given rea- sonable stability of prices and ex- penses. Of the 26 major industries repre- sented, only four made less satisfac- tory reports than a year ago—adver- tising (including printing and pub- lishing), coal, food products and to- | bacco. | The steel industry transformed a | large loss in the third quarter of last year into a fair sized profit this year, | reflecting svbstantially higher opera- | tions. Automobile producers greatly improved their earnings, despite the September close déwns for model changes. Auto parts manufacturers made an even better relative showing. Building supply company earnings | responded to sharp increases in con- struction, although they are still low. Electrical equipment producers re- sales | Rain. The same is true of machinery | companles. | With industrial production for the current quarter likely to be around 15 per cent higher than a year ago, earn- | ings will again be up substantially. Full year profits of industrial com- | panies are likely to be 35 per cent to 40 per cent higher than in 1934 | Hupp Motor Car, ! Hupp Motor Car Corp. reports ror the September quarter net loss of | $430.955 compared with net loss of $1.402202 in the June quarter and | net loss of £923,994 in the third quar- | i ter last year. Reo Motor Car. Reo Motor Car Co. and subsidiaries report net loss of $93,342 for the Sep- tember quarter. This compares with net profit of $31,544 in the preceding | quarter and net loss of $400,539 in| the September quarter of 1934. Continental-Diamond. Continental-Diamond Fibre Co.and subsidiaries report, for the nine | | York' Security Dealers’ C, WEDNESDAY," Wholesale Prices Of Lamb and Pork At Six-Year Peaks By the Associated Press. CHICAGO, November 13.—Whole- sale prices of both lamb and pork today were at the highést levels for November in six years. Lambs jumped as much as 25 cents at the stockyards to a high of $10.50 for native and choice Western stock. ‘Top light pork loins also advanced from 50 cents to $1.50 a hundred pounds to a peak of $22.50. Fresh k gained $4 a hundred- weight in the past 12 days. It was $9.50 higher than quotations of a year ago, which was an increase of 73 per cent. Continued cold weather and sharply reduced shipments were given as rea- sons of the higher prices. The De- partment of- Agriculture also reported that the Nation's reserve stocks of pork in cold storage on the first of the month were the lowest for the date since the World War. g NEW YORK BANK STOCKS | NEW 13 () —New Association: Quotations as of % o'cloek.) Bid. 2ty V YORK, November Bark wof Man A-’E:’d @ A1) Em: n Fifth Ave (ida) PFirst Nat (Bos) (2 First Natl (100) Guaranty Tr (1%) Irving Tr (60) Manufacturers”” Tr Natl City N'Y Trust ) - Public l]'fl Title G & T _ o T a—Incluaing extras. FOREIGN MARKETS. By the Assoclated Press. LONDON.—Busines; ehange was ouiet today awaiting the elec- tion outcome. ~Gilt-edged securities were frmly ~supported and speculators pur- chased oil shares. Other sections. {nclud- ing trans-Atlantic jssues after an easy ;rx recovered on renewed support. The rket closed firmer PARIS.—An indecisive trend prevailed the Bourse today with renies and in- | firials” show ni iss: Watched the financia The closing tone was irregular, RLIN A ‘lively openin:’ caused an ng_slight declines were Armer as Thier- traders 55 market ciosed cheerful. . U. S. TREASURY POSITION. By the Associated Press The pnsition of the Treasury on Novem- ber 11 was: Receipts. $14.513.870 .65, ex- $31.098.5125.75: balance. $1.- Cuur;mx receints for the | months ended September 30, net profit of of $91.808, equal to 20 cents a share {on the capital stock. In the like period last year operations resulied in a net loss of $78324. MORE SUGAR IS USED | BY EUROPEAN NATIONS | | By the Associated Press. { | NEW YORK, November 13 Aunr, | consumption for 10 European coun- | i | tries during September was 488,805 | 8”‘: 4 8 653 a1y 101, 1% 6% | 8% 10, 1% 2l 9 9% 100 100 14 2% " 183, At R11 82 2% % | 0% 127 108 108 2961 2961 19% 19% 2% 2% 44 27 (5 27 36% | BN 28 ,,_ \ By the Associated Press. | , NEW " | York Security Dealers Associ; Flong tons, raw value, an increase of 21 638 tons or 4.6 per cent, compared | with the amount consumed during the same month last year, B. W. Dyer & Co., brokers, report. Production | for the same countries totaled 161,326 | tons, & decrease of 32,613 tons or 16.8 per cent. | BANK OF NETHERLANDS | LOWERS DISCOUNT RATE AMSTERDAM, Netherlands, Novem- | ber 13.—The Bank of the Netherlands | | today reduced its discount rate from | | 4 per cent to 3!; per cent. | The reduction of the bak rate, the | third such cut in recent weeks, was due to the continued easing of the monetary position, said authorities. and also to the improvement of the bank’s gold position. INSURANCE STOCKS YORK. November “m" —New Bid. Asked. | 03 Aetna Cas (2':a) Aetna Fire (1.80) __ Aetna Life (.60) Ae:tjcultural Glen Fally (1. 60 - Giobe & R Great Amer (1) " Halifax (.60) Hanover (1.60) Not River v &) - 0enix (2728) | Prov Wash 1) St Paul Pire (7 Sprinzfleld (412) Sun Lif Wesichester (14 gay a—Including extras &—Declared or nud 50 far this year, METAL HARKET JORK November 13 (#.—Copper electrolvtic. spot and future, 9.%5: ; 880, Tin barely steadv: soot and : future 49 50. MONTREAL stvin. ‘MONTREAL. November 13 (.—_Silver futures opened steady. Y Maren: OrRo” M 'snva!vim”= 3 RUBBER FUT'URES NEW YORK. November . rubber (umru Opened _ea Tower Ser 12705 08. 133%-33: May " 13.45-48, Stock and Dividend Rate. 284 00. High. Low. 2 U S Lines pt _ 1 1% 3% U S Radiator 2 3% 2% Unit Stores vte 7 Unit Verde (f200) 11 Utah P&L pf $13% 100s Utilities Pw&Lt__ 13 Utilities P&L pf__300s Utility Equities__ 12 Utility Eq pf(313) 5508 Utility & Indus_. _ Utility & Induspt 71 Virg Rwy vte (2)_ \'enuuell Petrol zreen Co war_ wllker (Hiram)__ Walker Mining Wayne Pump Wenden Copper W Va Coal & Coke. Westn Air Exp(n) Western Auto Supply (3) A _ Will Oi1-0-M a50c Wil-low Cafeteria Woudley Pet (4lic) Woolworth (F W) (a73 0-10¢) Wright Harg No: 9 § @ - ’-m.'s_,.m? 181, ] B 284 3 28% 3 ™ %R TR 4 1% 1% 1% Dividend rates based quururly or um-,-nhn‘ °=.I|":-ym ”f I‘:': 1 g oo s gieinieg “églfinnnm eported receivership or i n rece! @ Payable in stosk. assets, 28% Being réoreanized. "fPlus partial distribution of " under lNr L R0.6R0. 865, FREIGHT LOADINGS. NEW VORK. November 13 (P Rev- enue freight car loadings on railroads reporting today for week ended November 9 included Week Prev. Last Nov. 9. ek New York Centra] ii.: 2 Pennsylvania 040 | Norfolk & West 3 on the Stock Ex- | NOVEMBER 13, 1935, CELOTEX REVEALS Compare With $3,914,390 Last Year—Net Also Gains Sharply. By the Associsted Press. CHICAGO, No ember 13.—Net sales of the Celotex Corp. for the fiscal year ending October 31 were esti- mated today at $5,633,566, in a pre- liminary statement by the company. In 1934 net sales were $3,014,390. The statement also estimated the company will show substantial earn- ings for the 12 months. In 1934 a loss was reported. In February Celo- tex was piaced under supervision of the Federal Court and reorganiza- | tion_under section 77-B of the cor- | porate bankruptcy act followed. Re- cently it was later discharged from bankruptey. ! DIVIDENDS ANNOUNCED tistics Corp.) Extra. Pe- Btock of Pav- Rate. riod. record. abie.. Andian Nat Corp reg 51 __ 11-15 Andian N Cor bearer $1 I _ Intl Mining Consolidated Paper ™ Tnitial Muelier Brass Co___20c Regu M.K Amllllm Lea 8% o ok N Cor Ltd reg_$1 Nat ibearer)Si Daniels-Mid __25 Archer-Deniels-Mid DD | Alblmlrln Pap oouonoumfl Food Macih 'y situation closely | Food Mach 65" Hammermill Pap .. Holiinger Con Gold | Interiype Corn 2 Kelloge (Spencer) 80 = & ane 40c New' Bedford Cord New Bedford Cor pf $1 | Newberry (J J Newmont Min' Corp__ Oshkosh Over $2 pi_ Penich & Ford Ltd | Pro & Gam 5% pf % Rozn 000, PO, D © DO hrs_ 7 Sunser B B Tyler Ru Co A% pf Vapor Car_Heatinz Aih Ave Bus Segur Northern Pap Mininz N. Y. Transportation_50¢ | Omnibus_Corp pf ! Pacific “Indemnity & Trad A s 000, 00, 0 O | MONEY MABKET NEW YORK, November 13 P .-—Call money steady: 4 per cent all day. Prime | commercial Daper. Time loans steady: R0 davs.h Sfiered Bankert accepiances unchanged. | Rediscount rate. New York Reserve Bank T2 per cen No worry.. .when GERM PROCESSED Drive in at this sign and change for the betser. Your cor- rect grade always available—snclud- ing 10W or 20W Oiling used to stop when the engine did. You'd come out in the cold, ing car. And in the first few minutes, before your loafing oil in the crankcase could get up to da any oiling, you'd chop hours or days off your engine’s life. Yes, engineers tell you that than 509, of motor wear must be blamed on dellyea lubrication in warming up. This winter then, get the oil that not only starts up when you do, but surely No waiting for Conoco Germ Processed Oil to be pumped up on the engine parts, because it’s already IN. It bonds itself direct to every metal surface, and stays there—the Hidden Quart—always a long jump ahead of friction. This remarkable power of Germ Processed Oil to form its CONTINENTAL OIL COMPANY - CON ‘GERM PR 516336 SALES | NEW YORK. November 13.—Dividends declared iprepared by the Standard Sta- | FINA Preferred Stock Change Proposed By GreatNorthern By the Associated Press. NEW YORK, November 13.—A plan of recapitalization involving a change | |in the par value of the preferred |stock will be submitted to Great| | Northern Ratlway Co. stockholders at the special meeting to be held Decem- | ber 20, the company announced today. The railway management, in a no- tice to the New York Stock Exchange, said the proposed change was to bring corporation law. Railroad circles were of the opinion of no par value in place of the pres- ent $100 par preferred stock. plan was expected to facilitate the re- | | funding of $107.000,000 of 7 per cent | bonds which mature next July 1. ST. PAUL, November 13 (#.—Pur- chase of 15,000 tons of rail was an- nounced today by the Northern Pa- cific Rallroad which said it was the company's largest order in seven | vears. | INVESTING COMPANIES | NEW YORK. November 13 @ —New York Security Dealers’ Association (Noon Quotations) | { Admin Pund 2nd Inc Amer Gen Equities Am Business Shrs - | Basic_Industry - Bullock Fund Corporate Trusi_ Corporate Trust A A Corp Tr A A Corp Tr Acrnm Si'r | Corp Tr Accum Ser mod | Gumulative Tr 8n Bk sh = EON 124 18875 Eaquity Corp 3 pf xd | Pldelity Fund Inc - _ | P Bos C Fund Investors Ine | Fund Tr Shrs A Investors Fund of Am Major 8hrs Corp . | Maryland Pund . Mass Invest Tr . | Muiual Invest Nation Wide Sec | Natlon Wide Sec vie . N'Y Bk Tr 8hrs 2 | North Am Bond Tr ctfs - r 108" 1.6 154 Selected Income 8h Selected Man Trust B Spencer Trask Pund . | Stand Am Tr Shrs . | Stand Super | Super Super | Super Super Supervised Shrs Trust Fund Shre fiu;ln Stand Inv Stand Inv D ‘ eed Am Bk "B’ . Tluuvrfl Industry “hr! - | Trusteed N'¥ Bk 8 POWER BEPORT DELAYED NEW YORK. November 13 #i.— The Edison Electric Institute an- ‘nounted today that its weekly report | on power production would be delayed | 24 hours owing to Armistice dav. The | figures will be released for publication At 9 am. tomorrow. to your stand- winter, simply allinall, more Oil. beats you to it! lasting union OoCO OCESSED PARAFFIN BASE MOTOR OIlL CIlAL, it in line with the Minnesota business | | that the revision would create shares | The | _|cents lower than Tuesday: *¥% A—17 RETAILERS OPPOSE NEW CODE DRIVE | Association Fears Unfair Price Rises May Result i From Proposals. Special Dispaten to The Gtar. | NEW YORK, November 13.—Thg family purse will be taxed by unjustiy fied increases in the prices of everye day commodities and consumer purs chasing power may be severely strained if production industries are successful in obtaining approval by thq | Pederal Trade Commission of (fair trade practice rules of the type now being submitted to that body, the ; National Retail Dry Goods Association |and the Association of Buying Officeg | asserted today. Tht two associations sounded = warning to both consumers and re tailers that theéte was danger of a 1fq | newal of all the old controversies ex+ istent between distributors and pros ducers during the life of the N. R. A, Approval by the Federal Trade Commission of fair trade provisiong now before it, they said, would simply mean opening the gate to a return of “'{all the former N. R. A. codes in the | same form, but under a different au- 2 | thority—codes containing many pros - | visions which retailers constantly | maintained hampered sound competiq [ tion, slowed down the free flow of merchandise. and unduly increased prices to the consumer and merchant, —— BALTIMORE LIVE STOCK. Catile—900; most of sipply steery held for Thursday's market; a few | sales nominally steady; most common and light-weight steers, 7.25; low cut= ter and cutter cows, 3.50 to 4.25; few beef cows up to 5.50 Calves 35; market nominally teady; a few vealers, 12.00 down: odd head common and medium grade alves. 6.00 to 7.50. Hogs-— market 5; steadv: about § good and | choice. 120 to 210 pound averages sale~ able, 10.30 to 10.50. 210 to 240 pounds, 9.90 to 10.30; good packing sows, 8.50 10 885 Sheep—300: early sales about 25 cents higher than Monday: good and choice grades largely 10.85; few me« dium grade. 8.25 to 9.85: common culls, down to 650; slaughter ewes, 4.50 down, FOREIGN EXCHANGES. NEW YORK. November 13 (¥ —FPoreisn ublu 3 Germany. rez. com- . o nd demand. %11 — Bel n.m with metal, comes only from the pateated Conoco Germ Process. Seems unbelievable. But car owners— your own neighbors—have been avoiding overhauls and battery, “‘grief,” winter after by using Germ Processed It meets even the severe oiling require- ments of the new copper-lead, high-lead, and cadmium-alloy bearings; protects them far better than straight mineral oils, as fierce road tests prove. Germ Processing also assures 2 to 4 times greater film strength, even in the lighter grades required for winter. Not oaly light- bodied but tougher, too, Conoco Germ Processed Oil rub-proofs, drag-proofs and zero-proofs your engine as soon as you drive in for your Conoco man’s winter helps Established 1875 GER £ , CONOCO