Evening Star Newspaper, November 23, 1935, Page 14

THE EVENING STAR, WASHINGTON, D. C., SATURDAY, NOVEMBER 23, 1935. FINANCIAL. A—14 ¥ FINANCIAL. SECURITIES NEAR 35% 19% S 173 1% 20% 20 9% 9 Many Bonds and Stocks Have Climbed Steadily in D. C. Trading. BY EDWARD C. STONE. Both bonds and stocks listed on the Washington Stock Exchange are wind- ing up the year around the highest quotations in the last 11 months. Some are at their peaks. Anaeostia & Potomac River R. R. first 55 have advanced from a Jow of 78 to 94 and are now sell- ing around 91. Georgetown Gas Light first 5s are now quoted at 11215, the high for the year; Po- tomac Electric Power issues are strong, while ‘Washington Rail- way & Electric 4s recently reached 106. ‘Washington Gas Light first 5s have also made a name for themselves so far in 1935. They are selling at 118, making them the highest priced bond on the list. City & Suburban Railroad first 5s have also done extra well, hav- ing advanced from 783% to 90. The | Jargest volume of trading has been in | Capital Traction 5s, which sold at! one time during the year at 90 and are now changing hands around 25 and 96. In the stock division, Washington Railway & Electric preferred has just | made a new top for the year, Wash- | fngton Gas has moved up about 4| points in 1935, while both Potomac | Electric Power preferred stocks are | selling more than 12 points above par. Norfolk & Washington Steamboat stock has also added strength dunnzi the year. Capital Transit, however, | has moved against the trend in other | ssues, dropping to 15 in recent trad- | ing. | Bank stocks have been more ncme‘ during the last few weeks and have held to strong prices. Other stocks, such as Woodward & Lothrop com- mon, have been especially strong, this gssue having moved from 28 to 40. | Lanston Monotype has climbed from 48 to 65. Peoples Drug preferred has not been active but has gained 4 points since the first of the year. It yields 8.80 per cent. The highest yield on sny local stock, Carpel Corp., is 7.30 per cent, with the last sale at 217s. And while quotations have been mov- Sng upward, volume has also been | expanding, keeping exchange officials n an optimistic mood. Law Optimistic on Banking. Francis M. Law, former president of the A. B. A, and & personal friend of many Washington bankers, said $he other day that he does not fear litical control of banks under the nking act of 1935. He explained: “Just a few months ago many thoughtful business men sincerely feared that our banking system was pbout to pass under political control. ,§ was in Washington during a good ' part of the time in which the discus- sions on the banking bill were in ess and 1 was impressed with the fairness that was exhibited on all sides. The bill itself represents pompromise and concessions. “T believe that independent banking & more firmly entrenched than at any time during this generation. The wadical changes which were feared did not remain in the law. The foun- gations of our banking system remain inshaken and unchanged. [ “The banks are finding it hard m‘ sreate sufficient earnings to pay even modest dividends, but they are in sounder, stronger and more liquid eondition than they have been per- haps ever before. It may be said with sssurance that commerce. agricul- $ure and industry have available ade- guate banking facilities.” Loan Interest Paid Rapidly. The fact that farmers had paid ®ver 84 per cent of all matured in- Serest installments on ‘Land Bank eommisisoner’s loans at the end of October reflects continued improve- ment in agricultural conditions, ac- eording to W. I Myers, Farm Credit Administration governor. The interest maturities on over $765,000000 of commissioner’s first #nd second morigage loans made since May 1, 1933, amounted to $35,300,000 Bo the end of October this year, of Wwhich over $29,700,000 was collected Bnd $5,600,000 was unpaid. Some of $he loans were made recently and | Bave had no maturities so far. “Improvement in collections fol- fowed closely the opening of the mar- | Eeting season in most sections,” Mr. Myers stated. “The best all-around $mprovement so far has occurred in &he Louisville district, including Ohio, findiana, Tennessee and Kentucky, wrhere crop conditions have been gen- wrally good and live stock prices fa- worable. Collections in the district in- sreased from 86.2 per cent of maturi- Bies a¢ the end of October, 1934, to 94 per cent at the end of September this ear to 95.3 at the end of October. o Wealth Moves Southward. A definite shift of the national wealth to the Southern and Pacific Btates from the New England, North ‘Atlantic and North Central States over the last 40 years is indicated by Rob- ert R. Doane in the Annalist. This trend is brought out by a series of tables showing the total wealth of the country by States, dec- ades and categories of wealth, together with the percentage distribution in the various classifications. Among the States that account for an increasing percentage of the na- tional wealth are Connecticut, New Jersey, Michigan, South Dakota, Vir- ginia, West Virginia, North Carolina, Florida, Louisiana, Oklahoma, Texas, Zdaho, Wyoming, Arizona, Washing- #on and California. The other States either merely maintained their pro- portionate share or else suffered actual percentage losses. Heard in Financial District. Members of the American Security Club, made up of employes of the trust company, are holding an oyster | roast in Rock Creek Park near the reservoir this afternoon. About 300 were expected, several officers and directors having accepted invitations. The club president is K. C. Moore. A Baltimore syndicate composed of Stein Bros. & Boyce, Mackubin ZLegge & Co., Baker Watts & Co. and Mercantile Trust Co. has been awarded 475,000 Dorchester County, Md., school bonds on their bid of 100.35 for 2%s. A bid of 102.119 for 3s was submitted by W..W. Lanahan & Co. Thomas *H. McInnerney, president of National Dairy Products Corp.. which has two Washington units, says the company’s sales and net earnings in the first nine months of this year showed an improvement over the 1934 period. 914 25% 173 9 5% 37 4% % 5% 47y 418, 1495 168 32% Francis M. Law. 141 6% 27% 217y LTI 10% 68%, 1% 612 5% 25y 365 175 | 1221 1084 6% 708, 441y 8y 9% 18% 931, — 19!6 -_— By private 'ln direct to The Star, « Stock ane Tow Divideno Rate. 32 Abr & Straus(11.20) 130; Sales— Add 00. High. 51% 10 34% 8 Addresso M (a30c). 614 Affiliate¢ Prod(60c) 104% Air Reduction (13).. Way Elec Appl. ka Jun (160¢c) .. % Alleg Corp (d) ... 2% Alleg pf w$30w (d). 2 Alleg pf wi40w (d). 1% Alleg pf xw (d)_. 6% Alleg pr of (d) 125 Allied Chem (6)_. 314 Allied Stores 49 Allied Stores pf (5). 12 Allis-Chalm exrts_.. 2'% Amal Leather — 48l Amerada Corp (2) 41% Am Ag Ch(Del)(3) - 13% Am Bank Note ____ 21 Am Brk Shoe (1) 110 Am Can (t4) 151% Am Can pf (7) 10 Am Car & Foundry. 251 Am Car & Fdry pf_ Am Chain 2214 Am Comel Aleohol . 613 Am Crystal Sugar 72 Am Crys S 1st pf(6) 100s * Am Encaustic (d)_. 2 2% Am Kuropean Sec 2 Am & Foreign Pwr._ 12 Am & For Pw $6 pf._ 14 Am & For Pw $7 pf. 3% Am & For Pw 2d pf_ 3 Am Hide & L (new) 28 Am Hide & L pf (n). 29% Am Home Pr (2.40). 1% Am Ice 413 Am International__. 9 Am Locomotive __ 32 Am Locomotive pf . 1814 Am Mch & F (180e). 4% Am Mch & Metals _ 4'3 Am Mch & Met vic 1313 Am Metal E 24 Am News (1%).__ 113 Am Power & Light 8% Am P&L.$5pf(aly) 10ty Am P&L Mn[(al"a’) 10's Am Radiator 15% Am Roll Mills a30c. 4!y Am Seating vic 20 Am Shipbldg (2)__ 31% Am S & Refining .. 63 Am Snuff (13) 12 . Am Steel Foundry.. 331 Am Stores (2) 18 3 185 Am Sumat Tob (1) 9874 Am Tel & Tel (9)___ 7213 Am Tobacco (5) 74% Am Tobacco(B)(5)- 129'% Am Tobacco pf (6). 2l Am Type Fdrs (d)_. 9 Am Type F pf (d) Tlh Am Wat Works 48 Am Wat W 1st (6 4% Am Woolen 352 Am Woolen pf 5 Am Writ Pap (d 24 Am Writ Pap pt ( 3 AmZinc& Lead __. 8 Anaconda Copper. 1614 Anaconda Wire 107 Anchor Cap (60c) - _. 117 Arch-Dan-M pf (7). 97 Armour Del pt (7) 31 Armour of i1linol 552 Arm'r (I11)pr p£(6) 1613 Armstr'g Cork (11). 4 Arnold Constable. 3% Artloom Corp T2 Asso Dry Goods. 48 AssoDG 2dpf._ 29%, Asso Oil (a8Uc) 35% Atch To&S Fe (a2). 66% Atch To&S Fe pf (5) 1913 Atlantic Coast Line 3 AtlGulf& W Ind__. 2013 Atlantic Ref (1) _. 3, Atlas Powder (2) 6% Atlas Pwr pf (6) 4 Atlas Tack 15 Auburn Auto 51 Austin Nichols 2% Aviation Corp(Del) 1% Baldwin Loco (). 713 Baldwin Loco pf (d) 712 Baltimore & Ohio__ 9's Baltimore & Oh pf_. 36!4 Bang & Aroos (2%) 3% Barker Brothers 57% Barnsdall Corp t60¢ 87l Bayuk Cigar (1) __. 14 Beatrice Cre (a50c). 72 Beech-Nut P (13).. 11% Belding-Hem (1)___ 117x Bendix Avia (a25c). 15! Beneficial Lo (1) 34 Best&Co (2) 215 Bethlehem Steel __ 55% Beth Steel pf (13%5) 14% Bigelow-San Corp. 9% Blaw-Knox.____ 614 Boeing Airplane_ » 39% Bohn Alum & Br (3) 90 Bon Ami (A)(t4)__ . 10s 21 Borden Co (1.60) 281 Borg-Warner (2) 8l Bridgep't Brass 4 2414 Briggs Mfg (12) 2314 Briggs & Strat (3) 3615 Bklyn-Man Tr (3) __ 14 Bklyn & Qu pf $3%- 43 Bklyn Un Gas (3) 53 Brown Shoe (3) 3% Brunswick-Balke 4% Bucyrus-Erfe _____ 815 Bucyrus-Erie cv pf. 31 Budd(E G)Mfg 23 Budd(E G)Mfg pf- 214 Budd Wheel 81 Bullard Co. 3% Bulova Watch_ 1x Burns Bros (A) (d)- % Burns Bro B (d)___ 750s 3 Burns Bros pf (d4)__ 540s 13% Burr Ad Mch (160c) 18 114 Butte Copper&Zine. 21 % Butterick Co (d).... 11 11% Byers (A M). 1 Callahan Zinc 213 Calumet & Hecla___ 715 Campbell-Wy (1) 8ix Can Dry Gin Al 8% Canadian Pacific__. 30 Cannon Mills (2)___ 4% Capital Admin (A) 85 Car-Clin&O sta (5)- 45% Case (JI) Co______. 3614 Caterpillar Tr (1) 19% Celanese Corp .. 19 Celotex (new) 22% Cent Aguire (1%) - 34 Central RROfNJ.. 385 Cerro de Pasco (4).. 3% Certain-teed Prod__. 23 Certain-teed Prpf_ 4% Checker Cab Mfg. 37% Ches & Ohio (2.80) 36 Chesapeake Corp(3) 7 Chi & East Ill pf (d) % Chi & Grt West (d) - 1% Chi & Grt W pf () 15% Chi Mafl Order (11). % Chi Mil StP&P (d) . # Cht M StP&P pf (d) 1% Chi & N W (d) 3% Chi & N W pf (d) _. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf % Chi R 1 & Pac (d) 1% Chi R I&P 6% pf(d) 1% Chi R I&P 7% pf(d) 25 Chickasha CO (2)-. 315 ChildsCo 31 Chrysler Corp (3) .- 12 City [ce & Fuel (2)_ 69% City Ice&F pf Il%) 210- 3% City Stores _ _ 12% Clark Equip (80c) _ 27% Clev Graph Br (11). T2% Coca-Cola w i (12) .. 15% Colgate-P-P (t50¢). 101 Colgate-P-P pf 9 Collins&Aik (lEOc). % Colo Fuel & Ir (d).. 11 11 “ 4 7 Colo & South 1st pf. 3008 3% Col G & E (a20¢) 351 Col G & E pf (A) 3415 Columb Pic vte (11) 67 Colum Carb vte(t4). 39% Comel Credit (2%). 56% Comel Inv Tr (13) .. 16% Comcl Solv (160c)._. % Comw & Southern... 29% Comw & Sou pf (3). 5% Cande Nast Pub_ 14% ConnR& L 7 Consol Cigar__ ki 69 Con C prpf ww 6% IIOI 31 Consol Film __ 14% Cons Film pf (31%) i 15% Consol Gas N ¥ (1). 72% Consol G N Y pf (5) 114 Consol Laundries. 6% Consol Ofl (a2be) - % 9 1% 2% Container Corp (B). 12 43% Contl Baking (A)... % Contl Baking (B)... 14 A Low. 51% 9% 34% 18% % T 170 1% '16% 2% 9 8% 8% 25 105 !. 106 105 105 + % 4% 4% 4L 4 HHEt 4 44 [ : $ 14% + % 85% 72 +1% 97 +1% 48% + % 64% + % 21% + % 2% + % 68 +1% 10 + % 45% +1% 21% +2 33 +1 10% +1% 6% +4% 5% 13%1-!6 4% + % 35 15% 7 1464 132 115 8 172% 308 By 38% 113% 1% 84 32 58 % 132 8 120 13% 57% 36% 121 | 108 8% 6 235 11% 42% 187 5 3678 120 8% 13% 20% 31% 28% 29% 62% Contl Can (8) 7 Contl Dia Fib al.05. 287% Contl Insur (11.20). % Contl Motors 15% Contl O Del a2 41% Corn Bx BK&TT (3). 80 Corn Prod Ref (3).. 4% Coty Ine 35% Cream of Wh (13) .. 11% Crosley Rad (a25¢). 23% Crown C & S (1) . 43% Crown C&S pf(2.70) * 3% Crown Zelleb’k vte_. 14 Cruecible Steel 1 Cuba Co 39% Cudahy Pkg fl*) 15 Curtis Publishin 891 Curtis Pub pt (7) 2 Curtiss Wright . 6% Curtiss Wright (A) 16 Cutler-Ham (a25c) - 22% Deere & Co 19 Deere&Co pf($1. 10). 20 Deisel Wem G 150c. 23% Delaware & Hudson 11 De:! Lack & West 1'% Den&RioGWp f (d) 65 Detroit Edison (4) 35% Devoe & R (t1)(A). 26'3 Diamond Mtch t13%. 34% Dia Mtch pf (11%). 34% Dome Mines (12) 6% Dominion Stores __ 17% Douglas Air (a76c). 13% Dresser MfgA all _ 6% Dresser Mfg B 2 Dunhil Internatl 86% Du Pont (13.60) .. 1267 Du Pont deb ( 104 Duquesne Lt lll(i) 3% Eastern Roll Mills_. 110'; Eastman Kod (15) 165 Eaton Mfg (1) 3l Eitington-Schild 19% Elec Auto L (ad0e) - 107 Elec Auto L pf (7). 3% Electric Boat 5% Elec&Mus Ind a24c. 1'a Elec Pw & Lit 3 Klec Pw & Lt 37 pf_. 39 EKlec Stor Bat 1115 . % Elk Horn Coal (d) ... 125% Endicott-J p¥ (7) _. 1'x Engineers Pub Sve._. Tia Erie B R __ 815 Erie R R 1st pf 6% Erie R R 2d pf_ 10'; Eureka Vae C ( - 15 Evans Products (1) % Kairbanks Co__ 4 Fairbanks Co pf.. 17 Fairbanks Morse 7144 Fairb'ks-M pf $3%; . 5% Fed Lt & Tr . _ 2 Fed Screw Works._ % Fed Water Sve (A) . 283 Fid Phoe F 1(11.20). 131 Firestone (40c). 44% First Nat Strs (23) 21 Follansbee Bros (d) 9% Foster-Wheeler . _ 60% Foster-Wheeler pf. 19% Fourth N 1 ww al.10 30% Frank Sim pf(15%) 17% Freeport-Texas (1). 15 Fuller Co pr pf. 4% Fuller Co 2d pf. 7 Gabriel Co (A) 7 Gamewell Co _ 513 Gen Am Investor: 32% Gen Am Trans(1%) 11% Gen Asphalt (a25c). 7% Gen Baking (60c) ... 5% Gen Bronze 2 Gen Cable 4 GenCable (A)- 46'% Gen Cigar (14) 2013 Gen Electric (8 30 Gen Foods (1.80) .- % Gen Gas & El (A) .. 17% Gen Print Ink( 1% Gen Public Service. 15% Gen Ry Signal (1)_. 80 Gen Ry Sig pf (6)__ % Gen Realty & Util_. 14% Gen Real&U pf ww_ 16% Gen Refrac (a50c) 14 Gen Stl Casting pf. 12 Gillett Saf Raz (1). 7014 Gillett Saf R of (5)- 214 Gimbel Bros 18 Gimbel Bros pf. 23% Glidden Co (11)- 1% Gobel (Adolf)(d).. 14% Gold Dust (1.20) . 11114 Gold Dust pf (6) 713 Goodrich (B F) 40 Goodrich (B F) pf. 15% Goodvear T&R . 70 Goodyear $7 pf (4 21 Gotham Silk Hose.. 1% Graham-Paige 5% Granby Consol 2% Grand Union 184, Granite City Stl (1). 26 Grant (W T)(t1) 9% Grt Northern pf. 91, Grt North Ore (50¢) 265% Grt West Sug (2:40) 2015 Greyhound Corp- 1 Guantanamo suglr. 6 Gulf Mobile & N pf- 48 Gulf States Stl 1st_. 16 Harbison Walk (1) 53 Hat Corp of Amer ._. 81 HatCpfww (6%)-. 1% Hayes Body. . 85 Hazel Atlas Gl (5) . 11 Hercules Motor (1). 104 Hershey C pf (14)__ 5% Holland Furnace __ 307 Houd-Hersh A (23) 614 Houd-Hersh(B)1%. 1% Houston Oil (new). 43 Howe Sound (13) 2% Hudson & Manh: 6% Hudson Motor Car. % Hupp Motors 914 I1linots Central ____ 40 111 Cent Ise lines (4) 214 Indian Refining 2314 Indus Rayon (1.68)_ 6015 Ingersoll-Rand (2)- 46% Inland Steel (12) 214 Inspiration Copper 4 Insur Sh Md cfs 15¢ 8% Interboro R T (d) - 4% Interlake Iron 26 Int Agricul prpf 149% Int Bus Mach (18) . 3% Int Car'rs Ltd (20e) 227% Int Cement (1) 341 Int Harvester 1.20 . 1% Int Hydro Elec (A) 17 Int Merch Marine._ 22Y% Int Nich Can(a75¢). 1% Int Paper & Pw (A) % Int Paper & Pw (B) % Int Paper & Pw (C). 415 Int Paper & Pw pf__ 21% Int Print Ink (1.40). 98% Int Print Ink pf (6). 93 Int Ry C A pf. 421 Int'Shoe (12) 16 Int Silver 601 Int Silver of (4) 5% Int Tel & Tel 87 Interstate Dept Str_ 24% Island Creek C (2) .. 49 Jewel Tea (3) 381 Johns-Manv (a50c) 50 Jones &Laugh?%pf 115% Kan C P&L1st pf(6) 3% Kans City Southn 6% Kans City South pf 7% Kaufmann D S(80c) 6 Kelsey-Hayes (A) .. 3% Kelsey Hayes (B) 10% Kelvinator (150¢) - 13% Kenfiecott Cop 80c__ 23 Kinney (G R) Copt 19% Kresge (SS)(1) .. 113 103 Kresge (S S)pf(7) 80 56% Kr (SH)t1) _ 22% Kroger G&B (1.60). 12 Laclede Gas St L_.. 21% Lambert Co (2) 814 Lee Rub&Tire (50¢) 10% Leh Port Cement _ 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf. 5 - Lehigh Valley R R. 67% Lehman C (12.40) __ 10% Lehn&Fink Prod(1) 6% Libby McNeill & L 21% Lib-O-Ford G1(1.20) 93% Ligg&Myers (14) B 15% Ll Tulip Cup(1%) 13% Lima Locomotive... 17% Link Belt (80c) - 243 Liquid Carb (11)___ 31% Loew’s [nc (2) - 1 Loftinc .. 1% Long Bell Lum (. 18% Lorillard P (+1.20)_ % La Oft Ref (d) G&EDIA 1 57 34 % 12% Ludlum Steel . 35% 14 104 131 113 McAnd & F M (”-- 28 McCall Corp (2). T4 MoCrory Stores (d). 57% McCrory Strs 45% 33% Mclntyre Porcu(2). 90 McKeesport T P () 13% 6% mm&(d)' Net Low. Olose. Chse. "96 +1 16% + % 42% — % Y% 20% 103 103% + % 2% 2% 119% ll) 38% 41% 8% 33% 8 39 8% + % 39 + % 2T% + % 6% o a4% + 39% w1 38 38% — 40% 41% + 8% 8% + 33% 33% + 26 27% + 15 15 + 6 6% + 1424 143% + 129% 129% — 113% 118% — 7 Th4 167% 1674 28k T Th + 3434 11% 10% 1% 5% 25 561 FE EFERELFPEREFES Py 2 * + i 570 + 1% N O 129% 129% — % 6% 6% 808 141 7 21% 4 2% 44% 167 114% 106% 65 6% 184% 1% 30% 178% 7% 34y 62% 4 4% 39% 4 2% 1% 20 41% 108 13% 49% 22 2% 13% 14% 27 56% 96% 92% 6 108% 2 12+ % 16% +1% N(Ht 141 21% + 3“ 4+ 2l 2% + 44% 44% — 16% 47 4 21% 95 34'% 66% 29 37 21% 5% 10% 10% 4% 20% 11% 9% 57 16% 51% 387 33% 68'1 57% 178% Tih 34% 62 3% 4% 38% 38 2% 1% 19% 40% m 4!‘/- 22 2% 12% 14 26% 56% 95 92% 119% % 12% 19% 29% 27 14% 28% BG 8 26% + 2 + 24 + 12% + 14% 2% + 14% + 9% + 94% + 12% + 10 + 27 108% 108% % 26% 22 24 12% §opIEaRl Perrrseseed t#t::t* srs Broaw §EESESZy P44+ 41ttt EERR ¥ ~—= 1938 ~— Hish Low. Dmm ate. m 53% 32 McKesson & Rob pt. 15% 8% McLellan Stores.... 112 85% McLellan Stores pf- 28% 18% Mack Truck (1) 57% 30% Macy(R H)& Co 37 18% Magma Copper (2). 10 4 Manati Sug pf (2).. 10% s Mandel Bros_ . __ 30 Man Eil md gtd (d).. l:“ 16 1 l Manhat Shirt (60¢). 1 Maracaibo Oil Exp._. 5% Marine Midld (40¢c). 3% Market St Ry pr pf. 20 Marlin-Rockwell(2) 6% Marshall Field & Co 4 Martin Parry. ___ __ !M 136 Mathieson pf A (7). 85% May Dept Str (1.60) 5% Maytag Co.. Mengel Co.. - 21% Mesta Machine (2). 2% Miami Copper-. 9% Mid Cont Pet (a40c) 81 Midland Steel Prod._ 60% Midl'd Stl 1st pf(8)_ 3% Minn Moline Pwr.__ 81 Minn Moline Pwr pt % Mimn&StL (d). . % M St P&S S Marie__ 1% M St P&SSMIsin. 10% Mission Corp 2% Mo Kans & Texas 5% Mo Kans & Tex of._. 1% Mo Pacific pf (d) ... 10% Mohawk Carp (1) __ 55 Monsanto Chem(t1) 21% Montgomery Ward _ 481 Morrell (J)&Co 2.40_.. % Mother Lode 17% Motor Products ‘2). T% Motor Wheel (60c) - 9% Mullins Mfg (A) 9% Mullins Mfg (B) 62 Mullins Mfg ot 13% Muasingwear Inc 4% Murray Corp. 11 Nash Motors (1) Nashv Chat&St L. 4% Nat Acme Co._. 6% Nat Aviation 22% Nat Biscuit (1. 13% Nat Cash Reg(50c)_ 12% Nat Dairy P (1.20) _ 1% Nat Dept Stores (d) 17 Nat Dept Str of (d). % 231 Natl Distillers (2)__ 16215 150 Nat Lead pf (7) A_ 1 140% 1215 Nat Lead pf (6) B_. 1 14% 4% Nat Pwr&Lt (60c) . 1 13 Nat Ry Mex 1st pf__ 83% 40% Nat Steel (11)_ 20% 9 Nat Supply Co.. 77% 36 Nat Supply Co p: 11% 81 Nat Tea (60c) 12% 7% Natomas Co (80c) - 61 43% Newberry J J(1.60). 9% 4% Newport Industries. 361 184 N Y Airbrake 27% 124 NYCentralRR .. _ 14% 6 NY Chicago & St L. 81% ®WENYChi&StLpf_ 5% 2 NY Dock.. 12% 4 NY Dockpf._ 139 112 NY & Harlem [ 14 1% N Y Investors (d) .. 8% 2% NYNH&H @) 16% 5% NY NH & Hpf (d) .. 6 2% N Y Ontaric & West 26 “ NY Ryspf (d)._ 16 6!a N Y Shipbuilding. 9215 69 N Y Steam pf (6) 200 158 Norfolk & W (18)__ 1 6% 2 North Am Aviation. 28 9 NorthAmCo (1) . 54% 35% North Am Co pf (3) 23% 13% Northern Pacific_ . 2% 1% Norwalk Tire&Rub 32% 20 Norw'lk T&R pf (2) 14'% 25% 9% Ohio Oil (a30¢c) . 16% Oliver Farm Equip- 313 Omnibus Corp vte__ 4% Oppenheim Collins .. 114 Otis Elevator (60¢). 43 Otis Steel 80 Owens-I1! Glasa(4). 1 14 Pac Am Fish(alic). 1 Pacific Coast _ 31 Pacific Coast 1st___ 134 PacificG & E (112) . 19 Pacific Ltg (2,40) .. 12 Paeific Mills __ 70 Pacific Tel&Tel (§)- 6% Pac Wes Oil (b40c). 3% Packard Motors.___ 15 Panhandle Pro & R_ 613 Panhandle P&R pf_ 8 Paramount Pictures 76 Param't Pic Ist pf_ 91, Param’t Pic 2d pf._ 2% Park Utah . _ % Parmelee Transp't 47 Pathe Film Corp. 8% Patino Mines _ % Peerless Motor-__ 641 Penick & Ford (3) - 574 Penney J C (2) _ 2% Pena Coal & Coke . 3 Penn Dixie Cement.. 17% Penn R R (a50¢) 30 PeoplesDS (t1) 17% Peoples Gas Ch 9% Pere Marquett. 16% Pere Marg pr pf-. 1314 Pet Milk (1)_____ 8 Petr C of Am(a33c). 11 Pfeiffer Brew (t1). 12% Phelps Dodge a50c_ 1% Phila Rap Tr (d) __ 1% Phila & Read C&I__ 35% Philip Morris (1) 54 Phillips-Jones C _ 13% Phillips Petrol (fl) % Pierce Oil. 2% Pierce Oil pf_ 5 Pierce Petroleum __ 54 Pitts Screw & Bolt.. 2214 Pitts Steel pf_ 10% Pitts Term Coal pf. 1% Pitts United Corp._ 2415 Pitts United C pt. 6% Pitts & W Va 614 Plymouth Ofl 6% Poor & Co (B 1% Porto R Am Tol 4% Postal Tel&C pf (d) % Pressed Stl Car (d). 612 Pressed St1 C pf (d) 42% Proc&Gambl (11%) 20% Pub Sve N J (2.40) 62% Pub Sve N J pf (5).. 29% Pullman Inc (1%) 5% Pure Oil _ 49% Pure Oil 8% 8% Purity Bakerie: 4 Radio Corporation . 50 Radio Corppf A 3% 35% Radio Corppt B.__. 1% Radio-Keith-Or(d) . 4% R R Sec [l Cent___. 16% Raybestos-Man(1). 29% Reading (2) 7 Remington-! 21% Rem-R’'d 5% pf 1 2% Reo Motor Car. 9 Republic Steel___ 28% Republic Steel pt. 5% Revere Copper__ 13 Revere Copper (A). 75 RevereC&Bpf _._ 17% Reynolds Met (1)__ 12% Reynolds Spring (1) 55% Reynolds Tob (3) _ 43% Reynolds Tob B (3) 29% Royal D(a1.79 1-10) 41 Ruberoid Co (1)_ 3 Rutland RR pf 31% Safeway Stores (2). 10% St Joseph Ld (40c). % St L-San Fran (d)... 1 StL-San Frpt (d)_. 6 Savage-Arms _ s 1 M ABRD AR 0 =1 8 SchulteR Strspf__. . High. 23 52 6 13% 13% 13% + % 208 112 112 U 14 24% 24 s 1"5': 125% - 1035 — High. Low. 14% 7% Servel Inc (a12%¢) 25% 9 Sharon Steel Hoop-. 8% Sharp & Dohmae. % Shattuck (F @) (26¢) 5% Shell Union Ofl.- .. 8% Silver King C (40¢). Low. Mehli 51 52% +2% 12 24% b54% +1% 4% +1% 6% + % 22% 1 24 Sloss-Shef Stlof .. 10% Socony-Vae (30¢) . 20 8o Porto R Sug (2)- 10% South Cal Ed (1%)- 12% Southern Pacifle. 5% Southern Rallway._. 7 Southern Ry pf. 5 Spalding (A G) 42 Spalding(AG)1st p 3% Spear & Co 81 Spencer Kell (1.60). 7% Sperry vtc (a25¢) ... 33% Spicer Mfg pf (3) .. 43% Splegel-May-S (3)_. 19% 123 Stand Brands (80c). 130 ,122% Stand Brands pf(7) 11% 23 Stand Com Tobacco. 9% 1% Stand Gas & Bl (d)_ 11% 1% Stand G&E $4 0t () 25% 4% Stand G&E $6 pf(d) 27% 6 Stand G&E $70f (d) 2% 7% Stand Inv Corp 387 27% Stand Oil of Cal (1). 116 111 Seand Oil Exp pf(5) 28% 23 Stand Ofl of Ind (1) 50% 35% Stand OII N J (1) __ 68 58% Sterling Prod (3.80) 2% 1% Sterling Secur (A) .. 8 3% Sterling Secur pf__. 18% 6% Stewart-Warn t50c. 14% 23 Stone & Webster___ 8% 2% Studebaker Corp. 77 60% Sun Oil (+1) __ 121 115% Sun Oil pf (6) 29145 11 Superheatgr (50c) 1% Superior Ofl . _ 5 Superior Steel 17% Sutherl'd Pa t60c. 14% Swift & Co (t1) % Symington (d) 1% Symington (A) 6% Telautograph (60c) . 4 Tennessee Corp- 16% Texas Corp (1) _ 28% Texas Guif Sul (2). 14 Texas&PacRR 3% Tex Pac Coal & Oil_ 814 Tex Pac Land Trust 13% Thatcher (1) __ 215 Thermoid Co 16 Third Nat In (a9c). 5% Thomp'n(J R) (50¢c) 13% Thompson Prod 1% Thompson Starrett. 17 Thompson Star pf_. 7% Tide-Wat Asso Ofl 84 Tide-Wat A O pf(6) 4% Timken-Detroit _ 28% Timken R B (12) 47 Transamerica (30c) T4 Trans & Westn Air_ 54 Transue&Williams_ 1% Tri-Contl Corp 3% Truax-Tra Coal 315 Truscon Steel 13 20th Century Fox__ 24% 20th Century Fox pf 215 Twin City RT ____ 18 Twin City R T of 1% Ulen & Co ___ 29 Union Bag& Pap (2) 44 Union Carb&C(1.60) 14% Union Ofl of Cal (1) 821 Union Pacific (6) 9% United Atrcraf: 413 United Air Line vtc 20% United Bise (1.60) 14% United-Car Fast(1) 46 United Carbon 2.40 11; United Corp ___ 20% United Corp pf [N 8% United Drug _ ___ 415 United Dyewood __ 65 United Dyew pf (7) 314 United Elec Coal__. 6015 United Fruit (3) __ 9% United Gas Imp (1) 214 United Paperb’d (d) % U S Distributing 5 U S Distributing pt U S & For'n Secur 65% US & For S 1st pf 6 11 USFreight (11)___ 40% U S Gypsum (11) _. 35%% U S Ind Aleohol (2) 3% U S Leather vtc 71 U S Leather (A)vtc. 14% U S Pipe & F (50c) - 19% U S P&F 1st pf 1.20. 3 USRealty & Imp__ 914 U S Rubber _ 42% 2413 U S Rubber 1st pi 124% 92 U S Sm & Ref (a8)_ 50% 27% U S Steel ___ 119% 73% U S Steel pf (2)._ 140% 119% U S Tobacco (15)_ 7% 315 United Stores (A)_. 78 46 United Storespf.___ 71% 51 Univ Leaf Tob (12) 70 29 UnivPiclstpf . _ 2% % Univ Pipe&Rad (d). 1 Util Pwr & Lt (A)_, 5 Vadsco Sales Corp... 19% Vadsco Sales " pf.. 11% Vanadium Corp 11% Van Raalte (a50c. 214 Va-Car Chemical __ 1715 Va-Car Chem 6% of 72% Va El & Pwr pf (6)_ 1 Wabash (d) 1% Wabash pf (A)(d)._. 414 Waldorf Sys (50¢) _. 26% Walgreen (al.30) 1% Walworth Co (d) 1% Ward Baking (B)_ 214 Warner Bros Pic___ 141 Warner Bros Pic pf. % Warner-Quin (d) 215 Ten Bros ___ 20% Warren Fdry&P(1). 4 Webster Eisenlohr. 1 Wells Fargo 30% Wesson O&S(t50c). 34 West Pa Elec (T)A_ 36 West Pa Elec pf(6). 39% West Pa Elec pf(7). West Pa Pwr pf(6)._ 5% Western Maryland - 1% Western Pacific 2% Western Pacific pf. 20% Western Union _ 18 West'gh'se A B 60c_ 32% Westingh’se El(a1) 90 West'g’se 1st pf 3% 10 Weston Elec Ins__ 16% Westvaco Chl (40c) 14% Wheeling Steel ._ 46‘/: Wheel Stl pf (21%) 7% White Motor ______ 12»’. White Rk M S(1.40) 1% White Sewing Mch_ 21 20% + % 1% + % 24% + % 13% + % 104 +1 35 4 | 21% + % 19% 2% ~ % 30% + % 9% 34% 2% 30% 30% 160 138 10% Tn 79% 1% an ll\« 60 38 10% % 80% 27'% 14% 344 ’m 1 L 4% 4w "% 9 6 5% 214 2 124, 11% R4 84 9815 198%, 5% 5% 2T% 26% 537% 53% 24 22% 2 0 2 24 24 11% 11% 234 23% 15% 15% 10% 10% 23 22% 16% 15% 24% 123 15% 15 2% 2% 6% 6% 2915 528 1% 21 9 6% AI‘§ 9% 1% 3% Wilson & Co (50c) _. 58 Wilson & Co pf (6)_ 51 oolworth (2.40)__ 11% Worthington Pump. 25% Worth Pump pf(A) 20 Worth Pump pf(B). 17% Yale & Towne (60c) 2% Yellow Truck .____ 18 Young Spr& W (2). 13 Youngstown S&T__. 1% Zenith Radio ._ 2% Zonite Products.. Rights Expire, 1% Allis-Chalm Dec. 11 % Budd Mfg. Apr.1s 35% 42 3% 14% 6% 1% 2% Dlvldfim lln AMOO’ High. 3% Sparks-Withington. : $ MWW ~D AN v - S 16 14% 23% 5% 1% 13% 12% 1% 5 16% b5 70% 12% 26% 25% 22% 12% 16% 8 70 7 7 33% 12% 47 4% % 14% 129 11% 5% % 1T% 19% 2% 36% 113% 27% 48% 66% 2% By 4l 3 1173 116 1136 136 24 6% 75 1% 5% 40y 207 30% 41 30% 230; 109 10s 123 7 2 9 30 9 2 156 1 22 4 52 104 2% 4%, 9%, 3l 6 2 9% 494 1% 25 121 28 101 16% 1315 2% 13% 2% 114 2% 2% 1 New York Cotton % Seaboard Air L (d) . % Seaboard A L pf(d). 20% Seab’d O Del (160c) 31 Sears Roebuck (12) 40 Sec Nat Inv pf $2% By the Associated Press. NEW YORK, November 23.—Cotton futures opened easy, 5 lower to 4 Dividend rates as given In the above table are extra payments based on the Istest quarterly or half-yea: s Unit of trading iess vhan 100 shares, $Accumulated dividends. tAnnual & Paid this year. Low. Close. Oht' 14% + % » “ ‘. (orul+++1++++ +1+++ +HbA+ 4 )4 e 123 29 * % 30 -1k 101 -3 17% 50% +1% 33% +2 8% + % 41% +1% 341 + 1 13% + % s+ 1% 2%+ % Approximate Sales of Stocks on the N. Y. Stock Exchange. 12:00 Noon _ 820,000 nnual cash ly declarations. rate plus b Paid last | can Telephone, year. €08 x Ex-dtvidend. 68% + % following recent wide changes in dif- ferences between months. The relatively firm tone of October was believed due to reports of an early announcement of the 1936 cot- ton adjustment program. higher. Liverpool Quotations. qr% (). —Cotton LIVERPOOL; Novembel } s 5,300 Amarican, lb.mhh?.mchdln Putures closed steady, 3 lower to 4 |4 d Companies reported in receivership or being reorzanized FEDERAL LAND BANKS NEW YORK, November 23 o] Land Bank bonds: f 418 Jan - 1960-36.. 4%as May 1 44 . As] 2 101% 2 e e 2IRETR2SY FFEESETFTE NEW YORK BAR SILVER. NEW YORK, November 23 (#).—Bar silver steady, unchanged at 65%. NEW YORK PRODUCE. lovember 23 (#.—Butter. , higher xtra ( STwasin: TRANSACTIONS ON THE NEW YORK STOCK EXCHANGES]{]{}KSSW[P]UP 110 §9 A SHARE Ticker Gets Behind in First Hour and Again Near Session’s Close. Stock Averages 30 15 15 A0 Indus. Rails. Util Stks Net change. +.9 1.6 +13 +1.1 Today, close 75.2%29.2 *44.6 56.0 Prev. day_.. 743 276 433 549 Month ago. 728 252 410 529 Year ago__. 549 26.0 26.1 406 1935 high___ 763 29.2 446 56.1 1935 low... 495 185 21.6 3438 1934 high .. 614 430 406 514 1934 low... 453 228 242 349 1932 low... 175 8.7 239 168 1929 high ..146.9 153.9 184.3 157.7 1927 low... 51.6 953 61.8 61.8 (Compiled by the Associated Press.) *New 1935 highs. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, November 23.—The stock market staged a vigorous rally today in the wake of Washington news that brought a rush of buyers in all sections of the list. Gains of 1 to 5 points were Te- corded, with the ticker tape dropping behind floor -transactions in the first hour and again in the last few min- utes. The close was strong. Trans- fers approximated 1,850,000 shares. The principal aid for yesterday's tottering list was seen in the over= night statement of Chairman Eccles of the Federal Reserve Board that it was not posible to interfere, officially, even if it was desired, with the rise in stocks because the advance has not been based on the use of credit Attention was centered on the Eccleg expression that he thought “there iy an element of safety and of strength in the fact that security purchases are being financed out of cash without increased use of bank credit.” Higher prices ruled at the start. The volume dwindled later, then the buy- ing demand became brisk just before the close. Specialties gave the best performance. Among the conspicuous advances were those of Evans Products, Ameri- Bethlehem, Auburn, Western Union, Case, Westinghouse, American Can, Johns-Manville, Sears Roebuck, Southern Railway, Santa Fe, Union Pacific, Southern Pacific, U. 8. Smelting and Kennecott. There was {a run on Studebaker for a gain of about a point. Other low-priced issues experienced a heavy turnover. A number of new highs for the past four years were recorded. While the pronouncement of tha Federal Reserve Authority was pleas- ing to bullish forces, it was recalled | that brokerage commentators for some | time have been stressing the fact that margin operations in stocks were at a minimum and that cash buying, both here and from abroad, wa. greater than at any time in recen: years. The French financial crisis was still being watched closely in the boaru rooms and there were many guesses as to what could happen to stock if that country falls off the gold standard or devalues the franc, U. 5. TREASURY NOTES. (Reported by Chas. Rate—Maturity B Jarmer & o) J2s Dec. 15, FOBEIGN EXCHANGES tReported by W B. Hibbs & Co.) Nloumlnlu] Checks London, pound T Paris. franc Brussels, belga mark. Athens. drachma_ Maarid, peseta___ Vienna. schilling Budapest. vengo s oty Covennagen Oslo. crown Stockholm Montre: F AMERICA PREFERRED. DYVIDEN D, Notice is hereby given that the follow- ing dividend has been declared by the board of directors: On the outstanding shares of the x_ preferred stock (including shares of preferred stock represented by outstand log unexchanged certificates preferred stock—ten of such u shares being equal to one . preferred stock) a dl\ld(nd of onr lnd three-quarters per cent (13 per ceni) for the fourth quarter of the thirty-five. amounting to 2 cents payable cn January first nineteen to hoiders of record of said the close of business on the ¥ of December, nineteen thirtye e stock transfer books will not be Dividend checks will be mailed. ORGE S. DE SOUSA. Treasurer. Dated November twenty-third. nineteen thirty-five. —OFFICES— SAUL BUILDING 925 15th ST. N.W. Ideal location opposite McPher- son Square: elevator building. well kept and under constant super- vision, S5 Norre THREE-ROOM SUTTE - 923 15th ST. N.W. ELEVATOR SERVI( 614 SQUARE FEET e 1621 CONN. AVE. N.W. ble for professional it vator servie. RENT—$65.00. $50.00 purposes: ~—STORES— 1616 K ST. N.W. Ground floor; heat furnished: approximately 1,100 square feet. —$00.00. B. F. SAUL CO, National 2100. 925 15th St. N.W. Mr. Business Man. .. Do You Employ ONE OR MORE Persons? Then You ‘Au Subject o Unemployment Taxes Provided by Laws a“ the District of Columbia In addition to the Federal taxes for Unemployment, the D. C. has its own regulations, as outlined above. We have the necessary FOI providing neces- sary information required by law. Specialists for Business Records and Equipment