Evening Star Newspaper, December 3, 1935, Page 16

FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE STCK RALLY LED 12:45 o.m. Stock and Sales— Dividend Rate. Add 00. High, Low. Close. Chle 13 RevereCopper (A). 1 29 28 28 +1% A—16 swxe CAPITAL TRANSIT 13:45 pm. == 1035 -— Stock and Bales— Hll’h Low. Dividend Rate. Add 00. High. 16% Comel Solv (160¢) ... 2 By private wire direct to The Star. 5 p.m. 12:45 o.m. Bales— Add 00. High. Stock and l. Dividend Rate. Add 00. High. 28% ~=1035 == Stock and High. Low. = 1035 ~— Dividend Rate. EARNINGS LOWER October Net Drops to $23,- 092, Compared to $30,238 in 1934 Month. BY EDWARD C. STONE. Total net income of the Capital Mransit Co. in October dropped to $23,092.36 in comparison with $90,- 238.92 in October, 1934, a decrease of $67,146.56 or 74 per cent, according to ‘the monthly statement just filed with the Public Utilities Commission. It was the last of the utility reports to be filed with the commission covering October returns. Operating revenues totaled $839,- 606.53, a gain of $76,312.85, or 10 per cent. At the same time operating ex- penses increased $110,415.32, or 21 per cent over October, 1934. The item of depreciation stood at $77,- 558.36 against only $49.058.59 in the same month last year, an increase of $28.499.77, or 58 per cent. Operating expenses, taxes and de- preciation combined required $769,- 155.48 against $631,491.11 a vear ago, an increase of $137.664.37, leaving a net operating income for October of $70.451.05 in comparison with $131.- 80257, & shrinkage of $61,350.52, or 46 per cent. Non-operating income also was slightly lower, reducing gross. The sharp tumble in net earnings was due chiefly to the higher operat- ing expenses. Recent wage increases are included and the number of em- ployes is much larger than a vear ago. The increase in the amount of depreciation allowed also reduced net earnings by a substantial sum. Two items in the October report have changed greatly. Taking the street cars off Connecticut avenues has re- duced the amount of electricity used materially while the gasoline bill has | Jjumped to a much larger figure in the bus expense column. However, this has little to do with final net returns. High. Low. k2 Acme Steel (t2)___. 2 69 18% 173 2% 20% 3% 14% 14 nv. 17'{ 9 5% 370 22% L) 38% 7% 5T% 473 Express.... Millis (3) 8 Addresso M (a30c). 415 Advance Rumley . __. 104% Air Reduction (13).. % Afr-Way Elec Appl. 13% Alaska Jun (160¢).. % Alleg Corp (d).. . 2% Alleg pf w$30w (d). 2 Alleg pf wi40w (d). 1% Alleg pt xw /d) 6% Alleg pr of (d) 125 Allied Chem ( 314 Allied Stores 49 Allled Stores pf (5). 12 Allis-Chalmers ___. 14 Alpha Port Cmt (1). 2'4 Amal Leather ce 26 Amal Leath pf (32). 481 Amerada Corp (2) __ 411; Am Az Ch(Del)(3)_ 13% Am Bank Note a25¢ 21 Am Brk Shoe (1) . 119 Am Brk Shoe pf (7) 110 Am Can (t4) o2 10 Am Car & Foundry. 25 Am Car & Fdry pf.. 8 Am Chain 66 Am Chicle (13) _ 2215 Am Comel Alcohol .. 6'3 Am Crystal Sugar . 72 Am Crys S 1st pf(6) % Am Encaustic (d) . 2 Am & Foreign Pwr. 14 Am & For Pw $7 pf. 3% Am & For Pw 2d pf. 8 Am HawailanSS(1) Am Hide & L (new) "X Am Hide & L pf (n). 29'x Am Home Pr (2.40). 17 Am lce ——— 141 Am Ice pf (a5) 4'; Am I[nternational 9 Am Locomotive ... 32 Am Locomotive pf_. 1815 Am Mch & F (180¢). 4'« Am Mch & Metals __ A% Am Mch & Met vte. 72 1': Am Power & Light 8% Am P&L $5pf(al%) 10'< Am P&L $6pf(aliz) : Am Radiator : Am Radiator pf (7) Am 1ol Mills a%0c.. Am Safety Raz (5)_ Am Seating vic .. Am Shipblde (2) . Am Snuft pf (6) Am Steel Foundry_. Am Sugar (2) 1724 1103 164 141 Eastman Kod pf (6) 305, 14% CoornR&L 7 Consol Cigar.. 69 ConC prof ww 3% Consol Flm ___ 14% Cons Film pf ($1%) 15% Consol Gas N Y (1) 72% Consol G N Y pf (5). 133 Consol Laundries... 6% Consol Ol (a25¢)... Consol Textile_ Container Corp (A). 2% Container Corp (B). 4'2 Contl Baking (A) 5% Contl Baking (B) 62% Contl Can (3) 7 Contl Dia Fibal.05. 287 Contl Insur (+1.20). % Cont] Motors 1514 Contl O Del a62%¢c... 41% Corn Ex BK&TT (3). 60 Corn Prod Ref ll) - 4% Coty Ine 357 Cream of Wh (12)__ 11% Crosley Rad (a25c). 23'2 CrownC &8 (11) _. 43‘/, Crown C&S pf(2.70) %2 Crown Zelleb'k vtc_.. 14 Crocible Steel 47% Crucible Stl pf ns- 1 CubaCo . 514 Cuban-Am Sugat 39% Cudahy Pkg (2% 15 Curtis Publishing_ 8913 Curtis Pub pt (7) 2 Curtiss Wright .. 6% Curtiss Wright (A). 16 Cutler-Ham (a25c).- 6 Davega Stor 223 Deere & Co 19 Deere&Co pf(11.10) lfi‘u Deisel Wem G t50c. » Delaware & Hudson De: Lack & West . _ 1': Den&RioGWp f (d). 26': Diamond Mtch 1. 34% Dia Mteh pf (t1%)_ 13% Dist Corp Seaz Ltd.- 34'x Dome Mines (12) __. 6% Dominion Stores ... 17% Douglas Air (a7sc). 13': Dresser MfgA al} 6% Dresser Mfg B _ 2 Dunbhil Internatl.. 12% Duplan Silk (1) 865 Du Pont (+3.60) 1267 Du Pont deb (6) _ 12 Durham H pf (32) .. 8 3% Eastern Roll Mills_. Eastman Kod (15) 16% Eaton Mfg (t1) ___ 8% 3% Eitington-Schild 40 1 5 1408 2 RANN =N AT~ DN [ =t 31% 6 Kelsey-Hayes (Ay.. 5 284 3% Kelsey-Hayes (B)_. 2 131 2% 31 415 261s 1% 14'3 22% 621 261 36 143, 14% 105" 45% 104 5414 15% 112t 2814 5% 10% 37 10 ~10% Kelvinator (t50c) .. 84 Kendall Co pf (16).. 13% Kennecott Cop 80¢._.. 23 Kinney (G R) Covf 19% Kresge (S 8)(1) ... 56'% Krese (S H) (1) 22% Kroger G&B (1.6 12 Laclede Gas St L. 21% Lambert Co (2) . 814 Lee Rub&Tire (50¢) 115 Lehigh Valley Coal. 5% Lehigh Val Coal pt- 5 Lehigh Valley R R_ 64 Libby McNefll & L_ 21% Lib-O-Ford G1(1.20) 21 Life Saver (160) 93% Ligg&Myers (14) B 15% Lily Tulip Cup(1%) 13% Lima Locomotive._.. 174 Link Belt (80c) 245 Liquid Carb (11).. 31% Loew's Ine (2) 1 Loft Ine 1% Long Bell Lum (A)- 33 Loose-Wiles (2) .. 18'% Lorillard P (+1.20). 145 124 Lorillard P pf (7) 2. La Olt Ref (d) ___. 44 La Ofl Ref pf (d) . 10% Louisv G&EpfA 1 34 Louis&Nash (a2%) 12% Ludlum Steel 8 130 113 McAnd & F pf (6) 28 MeCall Corp (2) . T4 MeCrory Stores (d). 615 McCrory Strs B ¢d) 574 McCrory Strs pf (d) 33% Mcintyre Porcu(2) 90'; McKeesport T P (4) 574 McKesson & Rob 32 McKesson & Rob of £1; McLellan Stores 8512 McLellan Stores pf_ 18% Mack Truck (1) 30%: Macy (R H)& Co(2) 5's Madison Sq G(a30c) 18% Magma Copper (2)_ 4 Manati Sug pf (d) . 13% Man El md g1d (d) .. Manhat Shir* (60c). Maracaibo Oil Exp. Marine Midld (40c). Market St Ry = Market St Ry pr pf_ Market St Ry pf Market St Ry 2d pf - Marlin-Rockwell(2) Marshall Field & Co Mathieson Alk 1% May Dept Str (1.60) Menzel Co Menwel Copf _ Magh(nl @ Miami 8 108 33 1008 34 27% 10- 108% lnl% - Saa W R0 oD 0 B NI 00 ) [ S RBF AP DuT AT e DWW BT R —ANT NN [ S - @ [ g S 5 83 =& 26'& 20% 12% 2% 397a 126 10 5214 1312 113% 25%, 54 97 3502 6 zs 20% 3715 125% 9%, 51% 13% 13 25 397 126 10 52%% 13% 118% 4 25% 54 9% 35% 61z 2213 19 b 7 81 36 13! 15' 84 19 11 9 11 27 2! | 38’ | 118 28 50 68 3 48 113% 104% Safeway Strs pf(6). 114% 109 Safeway Strs pf(7). 24% 10% St Joseph L4 (40c) . 25% 75 Revere C& B pf._ 17% Reynolds Met (1)_. 12% Reynolds Spring (1) 43% Reynolds Tob B (3). 21% Roan Ant Ltd a76e.. 3 Rutland R R pi - 31% Safeway Stores (2). % St L-San Fran (d).. St L-8an Fr of (d) St L Southw'n Savage Arms 22 Schenley Distillers. Schulte R Strspf__.. 55 Scott Paper (1.80) .. % Seaboard Afr L (d) - % Seaboard A L pf(d). 20% Seab'd O Del (t60c). 31 Sears Roebuck (12) 1% Second Natl Invest_ 40 Sec Nat Inv pf $2% 3% Servel Inc (al2%¢). 9 Sharon Steel Hoop. 31 Sharp & Dohme ___ 40% Sharp & D pf (3%4)- % Shattuck (F G)(25¢) 5% Shell Union Ofl.__ 63% Shell Union Oil pf. 8. Silver King C (40c). 6 Simmons Co - 4% Simms Petrol_ 6'% Skelly Oil ___ 60 Skelly Oil pf 13 Sloss-Sheffield S 29 Smith (A O) 15% Snider Packing - 10% Socony-Vac (30c) 20 So Porto R Sug (2)_ 10% South Cal Ed (1%). 12% Southern Pacifie __. 5'2 Southern Railway_. 7 Southern Ry pf . _ 15 So Ry M&O ctfs (4) 591 Spang Chalf pf $3% ™ 3% Sparks-Withington 3% Spear & Co 65 Spear & Colstpf 1. 31 Spencer Kell (1.60). 1; T4 Sperry vte (a25¢) s 81: Spicer Mfg__ 437 Spiegel-May-8 ). % 12); Stand Brands (80¢). '3 215 Stand Com Tobacen. % 1) Stand Gas & El (d) . % 1% Stand G&E $4 of (4) 4% Stand G&E $6 pf(d) 3 6 Stand G&E $7 pf () '3 7 Stand Inv Corp . _. 7% 274 Stand Ofl of Cal (1) 111 Stand Oil Exp pf(£) % 23 Stand Oil of Ind (1) 'y 35% Stand Ol NJ (t1), . 58% Sterling Prod (3.84) 134 Sterling Secur (Aj- 2 33 110s 108 30s 1121 110 2 25 24% 2 27 26% 23 56% 54 4 31% 3% 1 5% 5% 33 108 109% 22% 1% 30s 110 BY CARRIER ISSUES 112% +1% 25 Lack of Volume on Climh Causes Caution in Bro- kerage Circles. Stock Averages 15 15 80 tndus lex Ttil. Stks Net change +.3 +4 +3 Today, noon 72.7 29.2 427 543 Prev. day. . 724 288 423 540 Month ago. 730 252 415 532 Year ago___ 54.5 277 27.1 41.0 1935 high___ 763 295 446 56.1 1935 low... 495 185 216 3438 1934 high .. 61.4 430 40.6 51.4 1934 low... 453 228 24.2 349 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 (Complled by the Associated Press.) fl' 14% +1% 106% + % | 12% + % | 17% + % 5% + %W 15% BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, December 3.—Led by the rails. the stock market enjoyed a substantial recovery today. Excep§ 547, - 11, | for the second and last hours, hows 14% - 1, | ever, the trading pace was compara= 19% + % | tively slow. 13‘“ 7L, | Despite some late profit taking gaing ¢ of fractions to around 3 points pre= | dominated at the firm close. Trans< fers approximated 1,800,000 shares. Reports that the Ethiopian Emperot had instituted a peace move with the Italians were said to have ine duced some short covering and ree placement of recently liquidated coms mitments. The lack of volume on the advance, at the same time, was conducive tq caution among some brokerage cuse tomers. An upturn in scattered metal stocks was attributed to a mild re- vival of imflationary psychology ine spired by renewed warnings concerns ing huge excess bank reserves. 6': Am Sugar pf (7) Am Tel & Tel (9)... 2 Am Tobacco (5) . Am Tobacco(B)(5). Am Type Fdrs (d)_. Am Type F pf (d).. Arm Wat Works Am Wat W 1st (6) s Am Woolen 5's Am Woolen pf Am Writ Pap (d) _. Am Writ Pap pf (d) Am Zinc & Lead . Am Zinc & Lead pf_ Anaconda Copper__. 74 Anchor Cap (60¢) - Andes Copper . + A P W Paper Archer-Dan-M(+1). Armour of I1linois . Arm'ri1)pr pf(6) Armstr'g Cork (11) Arnold Constable__. 2 Asso Dry Goods AssoDGz2dpf ___ Atch To&S Fe (a2) Atch To&S Fe pf (5) ¢ Atlantic Coast Line Atl Gulf & W Ind Atl Gulf&W Ind pf. Atlantic Ref (1) _ Atlas Powder (2 Atlas Tack Auburn Auto _. Austin Nichols _ Aviation Corp(Del : Baldwin Loco (d) . + Baldwin Loco pf (d) 38% 19% Elec Auto L (a30¢)_ 113'2 107 Elee Auto L of (7).. 117 .'i‘. Slectric Boat < Elec&Mus Ind a24c._ 1'x Elec Pw & Lt 21 Elec Pw & L.t $6 pf_. 3 .Elec Pw & L1 $7 pf._. 39 Elee Stor Bat (12)_. % Elk Horn Coal (d)_. Ten Months' Returns Filed. The Capital Transit Co. also filed the report for the first 10 months of 1935 showing operating revenues of $7,754,168.17, an advance of $790- 499.23, or 11 per cent. Over against this was a rise in operating expenses to $5,831,537.20, an increase of $1.084,- 244.02, or a jump of 22 per cent. An increase over last year was re- ported in depreciation, the advance being $127,303.19, or over 25 per cent. Total operating expenses, depreciation and taxes showed an increase of $1.- 204,180.77, leaving an operating in- come of $813.745.73, a decrease of | $413,681.54 or 33 per cent. After the usual deductions from gross, the transi; company reported a net income in the 10 months of $374.565.28, in comparison with $801.- 183.57, off $426,618.29. This was a drop of 53 per cent compared with the | like period in 1934. Revenue passengers made a gain of 18,526,669 in the 10 months, an im- provement of 17.3 per cent. In Octo- ber alone, revenue passengers totaled 13,995,284, against 12,479,981 in Octo- ber, 1934, an increase of 6.5 per cent. Fleming to Be Honor Guest. Robert V. Fleming, president Amer- fcan Bankers' Association, president Among commodities, cotton exs hibited strength. Grains were narrow, Bonds were atrifle irregular. The French franc sagged as the Chamber of Deputies at Paris was adjourned as the result of political disorders. Shares of International Nicke moved up to a new high for the pasi four years, along with several othe less active issues. Principal gainers ville & Nashville, New York Central Union Pacific, Santa Fe, Texas § Pacific Railway, Northern Pacifiq Southern Pacific, Illinois Central Western Union. Case. American Teles phone, General Motors, Chrysler. Con- | solidated Gas. Deere, International Harvester, Montgomery Ward, Sears- Roebuck, Du Pont, Johns-Manvillg MecIntyre Porcupine, Dome. Anaconda Kennecott and Cerro de Pasco. | By the Associated Press. NEW YORK, December 3.—Cotton was higher today on active buying prompted by the overnight announce. ment of the cotton adjustment pro- Mid Cnm Pet u!"e) Midland Steel Prod. 8% 315 Sterling Secur pf _. 18% 6% Stewart-Warn t50¢. Midl'd Stl 1st pf(8). 14% 21 Stone & Webster_ . Minn Hon R (3) _. 10% 21 Studebaker Corp. ... 7« Minn Moline Pwr__. 2| 77 60'; Sun Oil (1) _ Minn & StL(d) .. 121 115! Sun Oil pf (6) M St P&S S Marie__ 29% 11 Superhéater (50c).. MStP&SSMisin_ 1% Superior Ofl Mission Corp - 5 Superior Steel _ 2 Mo Kans & Texas .. 177 Sutherl'd Pa 160c. Mo Kans & Tex pt. 14% Swift & Co (t1) Mo Pacifie (d) % Symington () _ : Mo Pacific pf (d) .. 1% Symington (A)(d)_. Mohawk Carp (1) __ 6% Telautograph(60c). Monsantd Chem (11) 4 Tennessee Corp_... Montsomery Ward 16« Texas Corp (1) .. 2 Morrell (J)&Co 2.40_ 28% Texas Gulf Sul (2). s Mother Lode . 14 Texas&PacRR .. Motor Products 2). 3% Tex Pac Coal & Ofi _ Motor Wheel (60c). 813 Tex Pac Land Trust Mullins Mfg (A)__ 54 The Fair - __ 3 Mullins Mfg (B) 2 Thermoid Co Munsingwear Inc 2 Third Avenue _ Murray Corp 16 Third Nat In (a%5¢) Nash Motors (1) 13% Thompson Prod 1% Thompson Starrett. % Tide-Wat Asso Oil 4% Timken- Detroft 28% Timken R B (12). Tl Trans & Westn Air 47 Transamerica (30c) 5la Transue&Williams_ 1% Tri-Contl Corp 3% Truax-Tra Coal 3'2 Truscon Steel _ 13 20th Century Fox. . 24% 20th Century Fox of : - o > S SRS AN N RAA NP BB BNEE AN B DO R h RN E WO = DB 144t + - ] FRrryr FErE Tx ErfeR R included Louls- 815 Erie R R 1st pt. 6% Erie RR2dpf ___. 1012 Eureka Vac C (80c). 15 Evans Products (1) s Fairbanks Co 4 Fairbanks Co pf 5% Federal Lt & Trac . 3% Fed Motor T (a20c). 2 Fed Screw Works _ 7 Fed Water Sve (A). 16'% Fed'd Dept Strs(1) 281, Fid Phoe F 1(11.20) 106' Filene's S pf (613) 13's Firestone (40¢) 84'; Firestone pf(A)(§) 447 First Nat Strs (2%) 2014 Food Machine (1)__ 974 Foster-Wheeler 19% Fourth N | ww a1.1d 17% Freeport-Texas (1). 125 11215 Freeport-Tex pt(6). 42 15 Fuller Coprpf._. 2315 4% Fuller Co 2d vf. 73 Gabriel Co (A) SRR dmannunm T B Nn D Xat Acme Co 152'1 15213 20 21% 19% " Nar Cash Reg(50c) Nat Dairy P (1.20) x Nat Dept Stores (d) t Dept Str pf (d)_ tl Distillers (2)_. Nat En & Stpg (2)-. Nat Lead (5) 301 30% 28 201 31% 28 201 o - Riggs National Bank, and S. Sloan Colt, president New York State Bank- ers’ Association and president Bank- ers’ Trust Co., will be the guests of honor at the twenty-second annual dinner of the Bankers' Forum to be held by the New York Chapter. Amer- ican Institute of Banking. at the Ho- tel Roosevelt in New York December 12, it is announced. John C. Knox, United States district judge, southern district of New York, will be the guest | speaker and H. Donald Campbell, president the Chase National Bank, will preside. The 1936 Spring meeting of the | Executive Council, American Bankers' | Association, will be held at the Home- | stead, Hot Springs, Va., April 27-29, inclusive, it was announced today. In association affairs this meeting of the ecouncil is second in important and authority only to the annual conven- tion held in the Fall, and is usually attended by about 300 bankers and members of their families from all parts of the United States. Fischer Insurance Speaker. Chester O. Fischer, general agent of the Massachusetts Life Insurance Co. in St. Louis, was the guest speaker at the December luncheon of the Dis- trict of Columbia Life Underwriters’ Association at the Willard Hotel this noon, He is & member of the Board of Trustees of the National Associa- tion and chairman of its By-laws Committee. He discussed many prob- lems of great interest to the insurance men here. J. E. McCombs, associa- tion president, presided at the luncheon, at which about 150 under- Baltimore & Ohio _. Baltimore & Oh pf . Bamberger pf (615) = & Aroos (21,) Barker Brothers s Barnsdall Corp 160¢ 2 Bayuk Cigar (11) Beatrice Cre (a50c) Beech-Nut P (13)__ Beldinz-Hem (1) . Bendix Avia (a25¢). Beneficial Lo (1%)- Best&Co (2) ... Bethlehem Steel Beth Steel pf (1314) Bigelow-San Corp__ Blaw-Knox (10¢)__ Boeing Airplane . Bohn Alum & Br (3) Bon Ami (A)(t4) __ Bon Ami (B)(¥2) Borden Co (1.60) Borg-Warner (2) __. Boston & Maine __ 13 Botany Min (A)(d). 8'2 Bridgep’t Brass 40c. 2414 Briggs Mfg (12) 2314 Briggs & Strat (3) . 36'» Bklyn-Man Tr (3)__ 1% BKklyn & Queens . 14 Bklyn& Qupf $3%._ 43 BKlvn Un Gas (3)__. 3% Brunswick-Balke__. 4% Bucyrus-Erle Rix Bucyrus-Erfe cv pf_ 62% Bucyrus-E pf (33) .. 314 Budd(E G)Mfg ... 23 Budd(E G)Mfg pf. 215 Budd Wheel - = 8% Bullard Co ———— 3% Bulova Watch. 4 Burns Bros (A)(d)_ % Burns Bro B (d) - 3 Burns Bros pf (d) .. 13% Burr Ad Mch (160c) 1 Bush Terminal (d)_ 5% Bush Term deb (d). 7 Gamewell Co 512 Gen Am Investo! 32% Gen Am Trans(1% ) 11% Gen Asphalt (a25c). 7% Gen Baking (60e) __. 5% Gen Bronze... 2 GenCable 4 GenCable (A)_. 19 Gen Cable pf 46'3 Gen Cigar (14) ... 202 Gen Electric (80c) 30 Gen Foods (1.80) 1. Gen Gas & El (A) ... Gen Mills (3) Gen Motors (12) _.. 107': Gen Motors pf (5) 3 Gen Outdoor Adv.__ 17% Gen Print Ink(1.60) 93'3 Gen Print Ink pf(6) 1'x Gen Public Service. 15% Gen Ry Signal (1) % Gen Realty & Util_. 16% Gen Refrac (a50c)_. 12 Gillett Saf Raz (1) 214 Gimbel Bros 18 Gimbel Bros pf. 23% Glidden Co (2) - 1% Gobel (Adolf)(d)... 14% Go'd Dust (1.20) ... 712 Goodrich (B F) 15% Goodvear T&R 213 Gotham Stlk Hos 20 Gotham Silk H pf_ 1% Graham-Paize 5% Granby Consol 2'% Grand Union . 14% Grand Un pf (1%) . 18's Granite City Stl (1 223, Granite City Srcts. 26 Grant (W T)(11) 9% Grt Northern pf ___ 914 Grt North Ore (50c) 26% Grt West Sug (2.40) 119 Grt West Sug pf(7) 25% Green (HL) Inc._. 203 Greyhound Corp . 1 Guantanamo Sugar. 4 Gulf Mobile & N » =2 OO - JOP - SRR~ Py s 2 g Nat Pwr&Lt (60c¢).-. Nat Steel (11) _. Nat Supply Co___ Nat Supply Co pt Nat Tea (60c) Natomas Co (80c) _ Newberry J J pf(7) Newport Industries N Y Airbrake - W N YCentral RR .. N Y Chicago & St L. NYChi&StLpf . N Y Dock pf N Y & Harlem (5)- N Y Investors (d) .. NY NH & H (d) NY NH & H pf (d)_. N Y Ontario & West NYRyspf(d .. N ¥ Shipbuilding N Y Steam pf (6) . N Y Steam 1st (7) - Norfolk Southn (d). Norfolk & W (18) _ Norf & West pf (4)_ North Am Aviation. North Am Co (1) . 351 North Am Co pf (3) 57 North Am Ed pf (§) 1314 Northern Pacific __ s Northwest Tel (3) . 11 Norwalk Tire&Rub. 914 Ohio Ol (a30c) . - 164 Oliver Farm Equip- 31; Omnibus Corp vte - 75 Omnibus C pf (8) A 4% Oppenheim Collins... 11' Otis Elevator (60¢c). 414 Otis Steel 223 Otis Steel pr pt 80 Owens-111 Glass(4)_ 14 Pac Am Fisn(aZic). 313 Pacific Coast 1st_ 1 Pacific Coast 24 13' Pacific G & E 111,,)_ 19 Pacific Ltg (2.40) 12 Pacific Mills 70 Pacific Tel&Tel 6)- T 2 S S BulauFans 985 5% 19 7012 9l 11% 80 119% 15 fi‘& ruu, 50% 16 121 10 7614 19% 704 9% 113 80 119% 15 + 4% ™ + 3 29% + 501 — 18 - 121 87 161 10'% 2% TwinCity R T 18 TwinCity R T pf. 53% Und-Ell-Fish (2%) 29 Union Bagé& Pap (2) 44 Un Carb & Co (2) 14% Union O1l of Cal (1) 82!z Union Pacific (6) .. 79': Unton Pacific pf () 20% Un Tank Car (1.20). 97 United Afrcraft 4!; United Air Line vic 20% United Bise (1.60} . 14' Unit-Carr F (1. 46 United Carbon 2 113 United Corp - 20% United Corp pf (3)_. 83, United Drug == 4!: United Dyewood = 65 United Dyew pf (7) 3% United Elec Coal._. 6012 United Fruit (3)_ 9% United Gas Imp (1). 8713 United Gas 1 pf (5). 2'a United Paperb'd (d) 5 U S Distributing pf. 4% U S & For'n Secur__ 11 U S Freight (1) ... 40'; U S Gypsum (11) __ 143 U S Gypsum pf (7). 5 US Hoffman _ ‘4 U S Ind Alcohol (2). S Leather vte '3 U S Leather (A)vie 53 US Leath prpf vte. 14% U S Pipe & F (50c) . 3 US Realty & Imp 9's U S Rubber ___ 242 U S Rubber 1st p: 92 USSm & Ref (a8) 2713 U S Steel ____ 73% U 8 Steel pf (2) 313 United Stores (A) . 51 Univ Leaf Tob (12). s Univ Pipe&Rad (d). 9% Univ P&R pf (d) ... 1 Util Pwr& Lt (A)._. 15 Vadsco Sales Corp... 19% Vadsco Sales " pf__ gram for 1936. The buying seemed to come from both foreign and domestic sourcej and, while an early advance of aboul 16 to 30 points met considerable real izing. offerings were absorbed on coms paratively moderate reactions. Late months were relatively firm with October selling around 1141 iy the midafternoon market, or 3! | points net higher, while December, af | 11.87, showed a net gain of 9 points Futures closed steacy 24 higher Cottonseed Oil. Bleachable cottonsed oil futurey closed firm. December, 10.77b; Jany 15 | uary, 10.77b; March, 10.81; May, 10.80 July, 10.81. Sales, 53 contracts, in« cluding 4 switches. b—Bid. Liverpool Quotations. LIVERPOOL. December 23,000 bales, including Spot_guiet: prices 4 poi —cotton ~ 20 + % | middling. middling; 63 good ordinary. 607 steady. March. 6.46. : October. 6.1, INSURANCE STOCKS NEW YORK. December 3 (P —New Yor} Security Dealers’ Association Aetna Cas ( Aetna Ins (1 Aetna Life (i 138 111% Pacific T&T of (6) 141% 141% +3% 11% 6% Pacif West Ofl a25c 9y 9% + 4 71, 313 Packard Motors____ 6l 6% 72% 72 Paraffine Co (2)- 1 2% T2 4+ % 12 8 ParamountPictures 8% 9 +% 101% 67 Param't Piclstpf_. 72 4% +3% 14% 9% Param't Pic 2d p! 10% 11+ % 6 2% Park Utah % 4%+ % % Parmelee Transp't. 3% 4 +% 4% Pathe Film Corp. T T4 — % 8% Patino Mines 121 12% 1'% Butte Copper&Zinc.. % Butterick Co (d) 113 Byers (A M) ._ 303 Califorma Pkg(1%) 1% Callahan Zine - 215 Calumet & Hec! 7' Campbell-Wy (1) 8% Can Dry Gin Ale__.. 8% Canadian Pacific 3214 Cap Adm pf (A)(3). 3% Carriers & Ger 20c. 11% Vanadium Corp_... 34 Vick Chem (12) 2% Va-Car Chemical 17% Va-Car Chem 6% of 72‘, Va El & Pwr pf (6)- bash (d) 1\ Wabash pf (A)(d)_. 4% Waldorf Sys (50¢) . 26% Walgreen (a1.30)__. 1% Walworth Co (d) 5 Ward Baking (A)_. 6 Gulf Mobile & N pf. 105 48 Gulf States Stl 1st__ 30% 21% Hackensack W(1%) 8 4 Hall W F Printing... 141; 65 Hamilton Watch 105 100% Hanna (M A)pf(5)_ 28 16 Harbison Walk (1) 13% 5% Hat Corp of Amer__ 111 81 HatCpfww (6%).. 615 1% Hayes Bodv o 141 127 Helme (G H)(15) . writers were present. E. H. Rollins & Sons and George Bnyder & Co. were awarded $250,000 City of Frederick. Md., 2% per cent sewer bonds on their bid of 101.33. ‘The issue is dated December 1, 1935, and matures 1936-75. Second high bid of 100.235 for 2%s was submitted by Stein Bros. & Boyce group, W. W. 3115 Asricultural (1) Am In: k. s 29 Automobile (1) ~__ 108 Balt Amer . 20g) - 28 45, 9% 301 5t 9 108% - 25 + B + e + 30% — % | Piremens 5% | Prank Pire (1 91 — 14 | GI'n Falls (1 - s 4'% @ S RGN A NN aE B AANN2% 1% 1% Lanahan & Co, Baltimore, offered 100.54 for $159,000 as 2%s and 101.319 for the remaining $91,000 as 3s. Today’s Trading on Exchange. Capital Traction 5s opened trading on the Washington Stock Exchange today with a $500 sale at 95!5. Later Georgetown Gas 5s came out in $1,000 and $500 denominations at 113, while Washington Gas 6s, Series B, changed hands at 100%,. Stock trading included sales in Po- tomac Eiectric Power 5% per cent pre- ferred at 112% and Riggs National Bank preferred at 105. The bid on Mergenthaler Linotype jumped today to 36, with 38 asked. No sales. Railway & Electric common re- mains $500 bid.per share and $600 asked. Financial District Gossip. The Federal Reserve Bank of Rich- mond reports that retail trade in the last few days has reached the highest levels of the current season. Auto- mobile sales are exceptionally good, and furniture dealers report increased activity. Wholesale lines are also im- proving, the report states. Morris Plan Bank is entering the automobile financing field in metro- politan New York and New Jersey with a deferred payment plan de- scribed as offering the buyer terms lower than those of the usual finance and insurance costs, Arthur J. Morris, have started ‘off with a bang. club posters are now to be seen in all the banks, stressing the value of this 45% Case (J I) Co 8315 Case (J 1) Co pf(4). 3612 Caterpillar Tr (11)- 191 Celanese Corp . 16 Celotex (new, 22Y Cent Aguire (1%)__ 34 Central RROfNJ._. 6% Century Rib Mills 38% Cerro de Pasco (4)_. 33, Certain-teed Prod - 23 Certain-teed Pr pf. 4% Checker Cab Mfg . 37% Ches & Ohio (2.80) . 36 Chesapeake Corp(3) 1 Chi& East 11 (d) _ 7% Chi & East I pf (d) % (Ch1 & Grt West (d). 1% Chi & Grt W pf (d) - 1 Chi Ind&Lou pf (d). 15% Chi Mail Order (+1). L Chi Mil StP&P (d) % Ch! M StP&P pf (d). 1% Chi&NW @) .. 3% Ch1& N W pf (d)._. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf.__ % ChiR | & Pac (d) ... 1% Cht R [&P 6% pf(d) 1% Chi R 1&P 7% pf(d) 9% Chi Yellow Cab (1) 25 ChickashaCO (2).. 3% Childs Co 9 Chile Copper (a26e) 31 Chrysler Corp (3) .. 12 City lee & Fuel (2). 69% City Ice&F pf (6%). 3% City Stores 124 Clark Equip (80¢) 275 Clev Graph Br (t1)_ 20 Cluett Peabody (1). 72% Coca-Cola w1 (12).. % 15% Colgate-P-P (t50¢c). 101 Colgate-P-P pf (6) 9 Collins&Aik (ab0c). 69% Collins & Afk of (7) % Colo kuel & Ir (d).. 5 Colo F & 1 pf (d) 10% Colo & South .. 7 Colo & South 1st pf_ 3% Col G & E (a20c) 35% Col G & E pf (A)(6) 31 ColG&EPL(B) .. © ° (-] FomouaBed - 00 1 s 19 1O N0 00 i i N0 1O s 5»8? % e e S 20% 162 1421 Helme (G H) pf(7). 11 Hercules Motor (1). 71 Hercules Pwr (13).. 73'% Hershey Choc (3) . 5% Holland Furnace. 20% Holly Sugar _ 30% Houd-Hersh A(2%) 6% Houd-Hersh(B)1%. 112 Houston Oil (new)._. 43 Howe Sound (13) __ 2% Hudson & Manhat_. 6% Hudson Motor Car.. % Hupp Motors _____. 9% I1linots Central 15 Illinois Central 40 111 Cent Ise lines (4) 2% Indian Refining - 231 Indus Rayon (1.68). 60% Ingersoll-Rand({2). 46% Inland Steel (12) . 2% Inspiration Copper- 4 Insur Sh Md cfs 15e. 8% Interboro RT (d) .. 1% Intercontl Rubber.. 4% Interlake Iron 2% Int Agricultural . 187 149% Int Bus Mach (16)_. 8 3% Int Car'rs Ltd (20e) 36% 227 Int Cement (1) __ 65% 34% Int Harvester 1.20 . 152 135 Int Harvester pf(7) A% 1% Int Hydro Elee (A). 6% 1% Int Merch Marine _. 40% 22% Int Nich Can(aTbe). 1301 128% Int Nickel pf (1) ___ 4% , 1% Int Paper & Pw (A). zs- % Int Paper & Pw (B). % [nt Paper & Pw (C). 4% Int Paper & Pw pf__ 98% Int Print Ink of (6) 2 Int Ry Cent Amer._. 9% Int Ry C A pf- 25 It Salt (1%).ceece tm Int Shoe ($2)-ceueu JT R T S— 3 nesver pr_ 5% Int Tel & Tel__ 8% Lnterstate Dept Str. 24% Island Creek C (2)_. 49 Jewel Tea (3) 38% Johns-Manvill - 85~ 3 - o 19O~ TOTOIOPQUVIRING -1V SR UG . ) o o e s NN Bk s 30% 118 118 1057% 104% 7 6% 33% +1% 62 +2 151 3%+ % 4% — % 431 +3% 62 60 151 151 3% 3% 5 4% 43% 41% 132 182 4 17 25% 48% 18% 3% Peerless Motor 6415 Penick & Ford 57% Penney J C (2) - 17% Penn R R (a50¢) 30 PeoplesDS (t1) 17% Peoples Gas Chi. 914 Pere Marquette . ___. 13 Pere Marquette pf.. 1314 Pet Milk (1) - 754 Petr C of Am(a33e). 11 Pfeiffer Brew (t1)_. 12% Phelps Dodge a50c... 23 PhilaCo6% pf (3). 315 Phila Rap Tr pf (d) 1% Phila & Read C&1 . 35% Philip Morris (1) _. 5314 Phillips-J C pf (7)_. 13% Phillips Petrol (11) 3 Phoenix Hoslery___ % Pierce Oil % Pierce Petroleum 31 Pillsbury F1(1.60)_ 7 Pitts Coal - 515 Pitts Screw & Bolt_. 221 Pitts Steel pf -- 24% Pitts United C pf___ 614 Poo & Co (B) . 1% Porto R Am Tob(A) 1 Porto R Am Tob(B) 4% Postal Tel&C pf (d) % Pressed Stl Car «d). 615 I'ressed St1C pt (d) 42% Proc&Gambl (11%) .20% Pub Sve N J (2.40) _ 62% Pub Sve N J pf (5)_. 85' Pub Sve N J pf (7) 2916 Pullman Inc (1%) 5% Pure Oil 8% Purity Bakerles 4 Radlo Corporation 70 78 30% 32 38% 32% 53 15% 1% 15% 25 43 ™ 2% 60 85 34% 9 K] 1% 36% 448 44 1 102% 101 2 129% 128 xo 15 431 50 RadioCorppfA3%x 1 35% RadioCorppf B _. 1% Radio-Keith-Or(d).- 4% R R Sec 111 Cent___. 16% Raybestos-Man(1). 29% Reading (2) 33 Reading 2d pf (2)_—. 1 Reis (Robt) 7 Remington-Rand. 69 Rem-Rand pf (6)... _ $as 120fi 14 70 79 31% 32 40 33 53 15% 11% 16% 26% 43 % 3 62 85 3614 - M™% 1 1% 36% 4% + % 1% +1% % 1% Ward Baking (B) ... 2815 Ward Baking pf (2) 21 Warner Bros Pic 213 Warren Bros _ 20% Warren Fdry 27% Waukesha M(160c). 4 Webster Eisenlohr. 1 WellsFargo . __. 3015 Wesson O&S(150c).- 36 West Pa Elec pf(6). 397 West Pa Elec pf(7). 120 104 West Pa Pwr pf(7). % 3 mmdmnmnmlflm| 5% Western Maryland_ T1; Western Md 2d pf__ 114 Western Pacific __ 2‘\ Western Pacific pf.. 6% Westvaco Chl (40¢). ld% Wheeling Steel . _. 46 Wheel Stl pf (31%). 6% White Motor 12% White Rk M S(1.40) 1% White Sewing Mch. 1 Wilcox Oll & Gas_ .. 3% Wilson & Co (50¢) . 58 Wilson & Co pf (6)- 51 Woolworth (2.40) .- 11% Worthington Pump. 25% Worth Pump pf(A). 20 Worth Pump pf(B). 35% Wright Aero . ___. 73% Wrigley W ir (13)_. 17% Yale & Towne (60c) 2% Yellow Truck. 311 Yellow Truck pf_ 18 Young Spr& W (2). 13 Youngstown S&T 38% Youngst'wn S&T pf. 1% Zenith Radio .. 2% Zonite Products.... Rights Expire. Allis-Chalm Dec. 11 K Budd Mfg. Apr.1é 11200 AM.__. 1:00 PM. ... 1,010,000 2 2% 43% 8% 0 P.M. Globe & Rep_ Globe & Rut. Great Amer (1) | Halitax .90) | Hanover (1.60) | Hartfd Pire Home Fire Home Ins (2 1% - 4% 9% + % 184 +1 Prov Wash (1) St Paul Pire (7128 - Springfield (41 Sun Ll e 7 U8 Fire (1.700) Westchester (1.40a) a—Including extra; &—Declared of paid so far this year. @UR Property Management Department will be glad to take your apartment house and res- idential properties in charge— rendering experienced service. B. F. SAUL CO. Total Sales for the day. imooo ied or 1o Tatest -'=r==§' of nalf-ye A = ) 93 50 Jones&Laugh?%pf 120 115% Kan C P&List p£(6) ‘10 3% Kans City Soutan _ lm C’O Kanas City South w Dl(..o) fl l“ 21% Rem-R'd 5% pf l'A.. 2% Reo Motor Car 9~ Republic Steel .28% Republic Steel pf _. 78% Rep St prpf A $1%. 53 Revere Copper. 34% Columb Pic vte (1) 67 Colum Carb vte(t4) 39% Conmicl Credit (2% )_ HW: 110 Comcl Cred'pf (5%) 72 564 Comel Inv Tr (3)__. 105 97% Comcl in ?pt ($%)- gain in bank clearings. ‘months of 1935, $2,651,458,598, against $2,407,234,320 a year ago. November clearings Al 2 Bt anwne 925 15th St Natl 2100 Mortgage Loans 12 50% 50 50% + 2 111% 111% 111% +1% 7 65% 64% 65% +1 2101 100% 100% + %