Evening Star Newspaper, September 28, 1936, Page 16

A‘—lfi ELL) B. & 0. EARNINGS INCREASE SHARPLY August Net at $3,115,696, Against $2,288,895 in Same 1935 Month. BY EDWARD C. STONE. In line with increased earnings by many of the country’s biggest rail- Tohds, the Baltimore & Ohio today reported substantial improvement in August when net railway operating income totaled $3,115696, as com- pared with $2,288,895, or a gain of $826,802 over August, 1935. There was a sharp increase in freight revenues during the month | and the lower passenger fares also were reflected in marked improvement In passenger earnings. Recent Nation- wide business recovery also was pice tured in a good increase in express revenues. Preight revenues in August totaled $12,551,556, against $10,291.450 in Au- gust & year ago, an increase of $2,- 260,106. At the same time passenger revenues crossed the million mark, amounting to $1,025.113, against $900,519 a year ago, or an advance of $124,594, the figures showing that the. lower fares are winning back a goad deal of passenger traffic that had gone elsewhere. - _Railway operating expenses also were higher in August than a year ago, more money being spent for maintenance of way and equipment. Operating expenses for August finally stood at $9,949.167, in comparison with $8,763,548 in the like 1935 period, an increase of $1,185,619 and leaving total net_revenues from operations of $4,- €12,443. Far the first eight months of 1936 the Baltimore & Ohio reported a gain | of $15,392.908 in freight revenues and $854,299 in passenger revenues. Ppress revenues were up $55.000. Operatin expenses climbed. being higher than a ye; dluctions the eight erating income totaled against $14,744.417, a gain so far this year of $2.999.159. Brokerage Offices Crowded. New York Stock Excha In this city were crowded lo also r ago months net op Ex- | more than | nore than $11,000,000 | After all de- i $17,743.576, | the market opened today at 10 o'clock. | both investors and ceedingly anxious to ket took the French franc d The market openec higher, wit frading. Most brok in Washington t the market should advance as a result of the stabilization move. foreign exchange ation is highly involved, the view held here that gny efforts toward bet equilibrium will be helpful to foreign trade. which in noula help values tn the stock market. The action, how- | ever, is the most momentous that has | been taken in foreign exchange cir- cles for a long time, and for that rea- &on quotations on the New York Stock Exchange and other big exchanges will be followed with exceptional in- terest during the next few days. Day- fight saving ended today, the markets going back onto Winter time. The Investors Dealers’ Digest to- day reported the result of a survey emong securities dealers and predicted that both the stock market and the bond market will decline between now gnd November 2, the day before elec- tion. The declines, however, are ex- pected to be small, an average of 0.9 per cent and the bond market 0.6 per cent. Election uncertainty will continue | throughout October, with the result | wery much in doubt to the end, savs | the United Business Service in current report. As a consequence, Te- | rovery is expected to be hesitant next month, with business men adopting | en attitude of “watchful waiting.” In | #pite of Washington uncertainties and | foreign unsettlement, business dur- | ing October is expected to be well sus- | tained. . Chapter Registrations Jump. With the majority of students al- ready enrolled for the first semester, | Washington Chapter, American In- | stitute of banking, is showing an ap- preciably increase over recent years, it was announced by Paul J. Seltzer, | chapter president, today. i A record class is reported in bank- | ing I, making it necessary to divide it | into two sections. This class will be | instructed by Eliot H. Thomson, pub- | Jicity manager, Washington Loan & | Trrust Co., the regular instructor, and | v¥ames C. Dulin, jr., treasurer, Ameri- can Security & Trust Co. Mr. Dulin s a past president of the chapter and ;ms previously served in the faculty &s instructor in investments. i Al? other classes also show an in- Erease over last year's session. A eourse on discussions on current trends in banking, economics and govern- rent will commence on October 8. It will be instructed by Edward Stone, chief of the Project Analysis Division, Resettlement Administration. This course will deal with current economic anpd political trends, with particular sttention to their effects on banking. Underwriters Hear Taggart. At the first Fall luncheon of the District Underwriters’ Association, held at the Willard this noon, Grant 'Taggart, from Wyoming, was the guest speaker. He has made a brilliant rec- ord as a producer and gave the mnsur- + ance leaders of the Capital some very ‘valuable ideas on the most successful methods of selling policies. Laurence H. Riggles, new association president, presided at the meeting and outlined many of the plans to be car- ried out this year. More than 30 of the members have just returned from the national convention in Boston. #n addition to President Riggles, this year’s officers include: Dwight T. Scott, first vice president; Winthrop G. Batchelder, second vice president; Loren L. Cluster, secretary, and Richard W. Griswold, treasurer. Today’s attendance made a record for & September meeting. Heard In Financial District. Net operating income of the Penn- sylvania Railroad in August gained $4,508,655 over August, 1935, it was reported today, and eight months’ operating income was up more than $41,000,000. Western Maryland R. R. also reported marked improvement in net. Joseph K. Moyer, dean of the School of Business of Southeastern Univer- sity, will address the October meeting of the District chapter, National As- sociation of Cost Accountants, on the *“revenue act of 1936.” The Securities Exchange Commis- sion reports that business on the the stock market | While the | currency | l | ‘Washington Stock Exchange was somewhat smaller in August than in July. The same was true of the big exchanges and at Baltimore and Rich- mond. Sales also averaged lower than in August, 1935. NEW YORK BAR SILVER. NEW YORK, September 28 (#).— Bar silver steady and unchanged from last Friday at 44%. FINANCIAL, . 1926 Stock and Sales— . Low. Dividend Rate. 110% Abr & Straus pf (T) 59 Acme Steel Co (135 9% Adams Exp (a20c). 17% Adams Mills(a76c) 224 Address’graph(1).. 1% Advance Rumley. .. 58 Alr Reductton (11). 2 Alr-Way Elec Appll 13 Alaska Jun (t60c).. 214 Alleg Corp (d) ____. 12% Alleg pf w$30w 27 Alleg pr pf (d) .o 267 Alleg Steel (11).... 157 Allied Chem (6) 23 Allled Mills (a50c)- 6% Allied Stores 69 Allied Stores pf (5) 35% Allis-Chalmers 115 19% Alpha Port Cmt (1) 34 Amal Leather pf 32. 75 Amerada Corp (2) . 49 Am Ag Chm Del(3). 37 Am Bank Note (1)_. 7'2116% Am Can (14) 30 Am Car & Found 57% Am Car & Fdry pf_. 31 Am Chain 114% Am Chain pf 1163 7!3 Am Colortype 203 Am Comel Alcohol 16% Am Crystal S(as0c) 89 AmCrysS 1st pf(6) 315 Am Encaustic___._. 612 Am & Foreign Pwr._ 25 Am & For Pw $6 pf. 29% Am & For Pw §7 pf. Am & For Pw 2d pf.. Am Hawatian (1) Am Hide & Leather. Am Home Pr (2.40) 24 Am Ice. - 9% Am International... s Am Locomotive __. Am Locomotive pf.. Am Mch&Fy (80c) - Am Mch&Met ad0c. Am Metal . Am Power & Light_ Am Pwr&Lt pf (5)- Am Pwr&Lt pf (6). Am Radlator(alse) Am Rolling M(1.20) Am Safety Rn (2)- Am Seaung____ Am Shipbldg (2) Am Smelt&Ref (2). Am Sm&Ref pf (6)- Am Snuff (13) Am Steel Foundry.. Am Sugar (2) Am Sumatra Tob 11 Am Tel & Teleg (9) Am Tobacco (5) ... 2 Am Tobacca B (5)_. Am Type Founders. Am Wat Wks a20c_ Am Woolen - Am Woolen pf(33)- Am Writ Paper (d). Am Zine & Lead . Anaconda Cop (1) .. Anaconda Wire(2)_ Anchor Cap (6vc) Anchor Cap pf(6%) Archer-Dan-M allg Armour Del pf (7)- Armour (llitnois) Armour (1D pf (16) Armstirong C (1% ). 4+ Arnold Const (50c). Artloom Corp Artloom pt ( Asso Dry Goods___. Atch To& S Fea2 . Atch To&S Fe pf(5) Atantic Coast Line At Gulf & W Ind AU Guit&W Ind pf. Atlantic Kef (1)._. Atlas Powder pf (6) Auburn Auto Austin Nichols Aviation Corp (Del) Baldwin Loco ) Baldwin Loco pf(d) Baldwin Lo asd(d). Baldw L pfasd(d)- Baltimore & Uhio Baltimore & Oh pf_. i Barnsdall Oll (80c) Bayuk Cigars (Toc) Beatrice Cream (1) Beatrice pf ww (5). Beccn-Nut P (13) Belding-Hem (1 Bendix Aviat'n (al) Beneficial L (t133)- Best & Co (12) « Beth Steel _ » Beth St 5% pf(1) 2 Bethlehe Stl pf(7).. Bigelow-San (1) .. 3 Blaw-Knox (40c) _ Bloomingdale pf(7) Blumenthal pf__ Boeingr Airplane Bohn Alum&Br (3). Bon A1 (B) (233). Borden Co (1.60) - Borg-Warner (13)_. Boston & Maine Bridgp't Brass t40c Briggs Mfg (v2) Bklyn-Man Tr (4) . Bklyn-Man T pf (6) Bklyn & Queens _ t2 Bklyn Un Gas (3) Brown Shoe (3) . Brunswick-Balk Bucyrus-Erte Budd (E G) Mfg Budd 2d pd. Oct 1 Budd (£ G) Mfg pt. Budd Wheel Bullard Co (a50c) Bulova Watch Burr Ad Mch(160¢) '3 Bush Terminal (d)_ Butte Copper&Zine. Byers (A M) __ Byers (A M) pt Byron Jackson t 30% Calitornia Pkg(1%) % Callahan Zinc 6 Calumet&Hecas0c- 30 Campbell Wy (f1).. 10% Canada Dry G A. 10%s Canadian Pacific 37 Cannon Mills (a2) 45% Cap Adm pt A (3) 91 Car Clin&O sta (5)_ 6% Carriers & Gen 20c. 9213 Case (J 1) Co_ 116 Case (J I) Co p! 54% Caterpillar Trac(2) 21% Celanese Corp as0c. 19 Celotex Corp . 54 Celotex Corp pf_. 25% Cent Aguire (11%). 35 Central RRof N'J_ 9713 Century R M pf (7). 58 4T% Cerro de Pasco (4)_ 19% 8% Certain-teed Prod . 673 57'% Certain-teed 6% pf- 120 80 Certain-teed 7% pf- 21 19 ChampPap&F (1). 69% 221 Checker Cab Mfg._ 86 59 Chesapeake Corp(3) 69% 51 Ches & Ohlo (2.80)_ 12 4 ChiGrtWpfd) __ 2% 1% Chi Mil St P&P (d). 57 27 Chi M St P&P pf (d) 44 212Ch1&NW () . 12 6% Chi&N W pf (d)__. 12%3 Chi Pneumatic Too! 1% Chi R 1&Pac (d) ... 3% Chi RI1&P 6% pf td) 313 Chi R 1&P 1% pf(d) 19% Chi Yellow Cab (2) 17% Chickash Cot Oil_. 7 ChildsCo .. 25 Chile Copper (1) 85l Chrysler (86%) ... 15% City lce & Fuel (2)_ 27 City Ice&F pt (6%) 4% City Stores __ __ 23% Clark Equip (1.20)_ 48 Cluett Peabody (1) 84 Cuca-Cola (2)..___. 13 Colgate-P-P (50c) . 39% Collins & Aik 3. 84 Colonial Beacon. 3% Colo Fuel & Ir (d) 41 23% Colo F & 1 pf (d) - 2070s 28% Col Fuel & Ir (new) 13 19% Colo & South 1st pt 1401 16 Colo & South 2d pf. 290s 14 Columb G&E (a20c) 47 90% Col G & EpfA (6).. 13 80% Col G& Epf (5)___. 40s 31 Colum Pict vto (t1) 2 4215 Colum Picev pf 2% 1 44 Comcl Credit (14)_. 16 118 100% Comel Credit pf 4% 82% 55 Comel Invst Tr (4). 123 110% Comel 1 T cv pf (6) 122 97 Comel In T pf (4%) 24% 14% Comcl Solv (60c).__. 5% 2% Comw & Southern.. 82 59% Comw & Sou pf (3) 10s 3 17 1 1613 32 26 218 10 Add 00. 44% 18% 44% 109 T 204 T 15% 11% 1% 30% Congoleum-N(1. IO) 8 Consol Cigar . 27% Consol Edison (2).. & 102 Consol Ed NY pr(5) 2 4% Consol Film 17 15% Cons Film pf (31).. 3% Consol Laundries... 11% Consol Oil (160¢). 5% ConsolR R Cuba pf. % Consol Textile (d)-. = THE EVENING STAR, WASHINGTON, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Star. 2:15 p.m. High. 111% W EEPERELFS S 4+ P41 +4+ 1+ 1004 1440 o T+l 444100414 FEFE ¥ ++:_I:_ +++ FFFTREL FE OFFE FEE FFS 1+4+0 01+ 81w 80% 814 +1% 113% 113 113% + % 81% 81 8l + Y 122% 122 122% + % 122% 122% 122% +1% 15% 15% 15% + % 3% 3% 3%+ W 9% 72 +1% 33% 33% 3 3% 10% 10% 10% — % 42% 42 42 105% 105% 105% + % 4% 4% 4B+ W 1% 1T% + % T% 13% 13% 6 .6 +% % % 12 Prev. 1936 Stock and High. Low. Dividend Rate. 2 Cons Coal (Del)vtc. 12% Cons C (Del) pf vte. 15% Container Corp (1), 10% Contl Baking (A) 1% Contl Baking (B) _. 67% Contl Baking pf (8). 671 Contl Can (3) __ 173 Contl Dia Fibre(2)- 35% Contl Insur ('L!O). 214 Cont] Motors. 281 Cont Oil of De! 27 Contl Steel (2) . 55% Corn Ex BK&TT (3). 63% Corn Prod Ref (3)_. 168‘5 158 Corn Prod R pf (7). 4 Coty Inc 35 Cream of Wh (2 15% Crosley Rad (a50c). 43% Crown C & 8 (2) . 46% Crwn C&S pf ww 2% T4% Crown Zelleb’k vtc. 64 Cuban-Am Sugar-.. 6313 Cuban Am Sug pf. 167 Curtis Publishing.. 99 Curtis Pub pf (7). 4 Curtiss Wright____. 10 Curtiss Wright (A) 59 Cushmanspf (3%). 52 Deere&Co. . 27 Deere & Co pf $1.40. 194 Deisel-Wem-G (t1) 36% Delaware & Hudson 147 Del Lack & West __ 4% Den&Rio GW pf (d) 3213 Diamond Mtch t1% 38 Dia Match pf t1% . 18% Dist Corp Seag Ltd. 41's Dome Mines (12) ... 50% Douglass Atrcraft.. 29 Dresser A (bl33)__. 13 Dresser Mfg B 47 Dunhill Internatl .. 133 Du Pont de N 13.60. 129 Du Pontdeb (6) __ 111% Dugquesne Lt 1st (5) 5'3 Eastern Roll Mills_. Eastman Kod (15).. 28!3 Eaton Mfg (2) ____ 5% Eitington-Schild 30% Elec Auto Lite (a2) 10 Electric Boat 514 Elec&Mus In(b24c) 6% Elec Pw & Lt ____ 2 Elec Pw & Lt $6 pf_ Elec Pw & Lt $7 pf_ Elec Stor Bat (12)_ Elk Horn C pf (d) - Erie R Erie R R 18t pf_. Erfe R R 2d pf__ Evans Products (1) Fairbanks Co pf Fairb'ks-Morse(t1) Fajardo Sugar (2).. Federal Lt & Trac . Federal Mot Tr 40c. Fed \Water Sve (A)_ 3 Fed'd Dept St 11.40 Fid Phoe F 1 (11.20) Firest T&R (a%0c) - Firestone pt A (6)_ First Nat Strs (23%) Flintkote Co (1) - Follansbee Bros (d) Fost Wheeler new .. Fourth Nat 1al Frank Sim pt (37) : Freeport-Texas (1) Fuller Co pr pf _. “uller Co 2d vf_. Gabriel Co (A).. Gamewell Co %13 Gen Am Investors Gen Am Trans 1% _ Gen Asphait (b25c) 10% Gen Baking (160c) Gen Cable Gen Cable A sen Cigar pf (7). yen etrie (1) Gen Foods (1.80) __. Gen Gas & Elec (A) G E 8% pf A (,en Mills (3) 2 Gen Mills pf (6) Gen Motors (12) _ Gen Outdoors Adv Gen Print Ink pf(6) 4 Gen Pub Service Gen Ry Signal (1)_. Gen Ry Sig pf (6)__ Gen Realty & Util__ 513 1004 40 Gen Sti Casting pf . Gen Theatre Equip 3°% Gillette Saf Raz (1) 6% Gimbel Bros 9 Gimbel Bros pf(a3) 4, Glidden Co Glidden cv pf(23%)- 374 Gobel (Adolf) 3 675 Goebel Brew (t2tc) Gold Dust vtc (60c) Goodrich (B F) 74 G'drich(BF)pf n(3) 21% Goodyear T & R __. 87 Goodyear $7 pf (4). 813 Gotham Silk Hose.. 2 Graham-Paige _ 1% Granby (2d stpd 16 Grand Un pf $37%c. 2415 Granite City Stl (1) 2813 Grant (W T) (1.40) s Grt Northernpf____ 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) 22 Green (H L)Co(t1) 48% Greyhound C'p 8.20 1% Guantanamo Sugar 24 Guantanamo Sug pf 19% 914 Gulf Mobile & N 63 28% Gulf States Steel ___ 117 6 Hall(WF)Printing. 21'; 14 Hamliton Watch . 1053 100 Hanna (M A) pf (5) 47% 30% Harbison Walk(2)_ 16% 12 Hat Corp of Am (A) 115 104's HatCpr ww (5%)‘ 9 4% Hayes Body 133 102 Hazel Atlas Gl (15). 35% 25% Hercules Motor (1). 119 102 Hershey C pf (t4)_. 4473 30% Holland Furnace._ 116 108 Holland Furn pf(5) 2313 9 Hollander (t50¢)_.. 37% 19% Holly Sugar (2) 44%% 397% Houd-Hersh(A)213. 33 22% Houd-Her (B) t1%3. 12% 6% Houston Ofl vie __ 577 48% Howe Sound (13) 19% 131 Hudson Motor Car. 1 Hupp Motors._. 18% Illinois Central . 4'5 Indian Refining 25% Indus Rayon (1.68). 88% Inland Steel (3) __. 615 Inspiration Copper. 5% Ins Sh Md ctfalSc.. 111 Interboro R T (d)_. 215 Intercontl Rubber._. 9% Interlake Iron 5% 2% Int Agricultural ... 41 22% Int Agricul pr pf__. 185% 160 Int Bus Mach (16) . 56% 3514 Int Cement (2) _ 90%; 56% Int Harvester 2% .. 2% Int Hydro Elec (A). 414 Int Mercantile Mar. 43Y% Intl Nickel (1.40)__. 3% Int Paper & Pw (A) 15 Int Paper & Pw (C) 20% Int Paper & Pw pf_. 37 Int Print Ink (1.80) 19% Int Rwy Cent A pf_ 23 IntSalt (1%).. - 47% Int Shoe (12) 15 IntSilver. —meceao. 50 Int Silver pf ... 11% Int Tel & Tel 10% Interstate D 8 a50c. 82 Int Dept Strs pf(7). 88 Johns-Manville t2_. 125% 121% Johns-Manv pf (7) 75% Jones&Laugh 7% of 13 Kans City Southern 24% Kayser J & Coal%. 20 Kelsey-Hayes (A).. 804 3y 39 5% 15% 101% 26 28Y% Kenuecott C (1.20). 17% Keystone S&EW (2). 30 Kinney (GR) pf.. 201 Kresge (S S) (11)_. 110% 101 Kresge (S S)pf(7). 19% Kroger G&B (1.60). 20% Laclede Gas (St L) 32 Laclede Gas St L pf 15% Lambert Co (2) __. 12 Lee Rub&Tire(50c) 15% Leh Port Cmta26e... 2 Lehigh Valley Coal. 95 Lehigh Val Coal pf. 8% Lehigh Velley R R 89 Lehman Corp (13). 12 Lehn & Fink (1%)- 87% Lerner Stores (12). 7 Libby McNeill & L, 47% Libby-Ow Gl1(a2%) 97% Ligg&Myers B (14) 19 Lily Tulip Cup(1%) 2:15p.m. Bales— Add 00. High. 3% 23 T 162 1297~ 113 ™ 169 7 38 12 45% e 08 0D pEnaRlanEEnnBanzanea Net, D. C, MONDAY, SEPTEMBER Prev. 1936 Low. Close. Chge. | High. 19% 117% 123% 114 21% 24% 23 20%% 19% 48% 23 i 8% 3% — % 17% - % 19% — % 18% — % 2% 9% — % 0% — % 22% + % +4 1 EFEFOF P++++0 00000 FE FPETES 11 +++ |16 5 | ++++44+1 14 1 (++4i4+014+14010 SEFSSF SEFEFERLE ¥& ¥ AR 101‘4 + % 9% 109 20% — %| NEW YORK, September 28 (#).— The visible supply of American grain shows the following changes in 26% +1% 42% + % 17% — % 14% + % 28 3% + % 15% — % 20 .+ % -1 15% 60% +1% 8% — % 68% — % : IOM 108% 103% % 39% 50% 4% 62% 3% 8% 26% 151 1% 4110 Stock and Low. Dividend Rate. 25% Lima Locomotive. 36 Link Belt (11.20)_.. 321 Liquid Carb(1.60).. 43 Loew’s Inc (12 2 LoftInc...... 3% Long Bell Lum (A). 21% Lorillard (P)(1.20). 142 Lorillard (P) pf(7) 13 LaOfl Refpf (d)... 20 Louisv GEEpfA 134 57% Lou & Nash (a4%)_ 22% Ludlum Steel (1) . 35 MacAnd & For (2).. McCall Corp (2)... 39% Mclntyre Porcu (2) 85 McKeesp't T P (14). 37% McKess&Rob pf(3). 11'2 McLellan Strs a20c. 27% Mack Truck (1). .. 4014 Macy (R H) Co (2). 8% Madison Sq G t60c... 1 % Man El md gtd (d). 15 Manhat Shirt (60c). fi'a Marine Midld (40c). 8% Market St Ry pr pf- 41 Marlin-Rock (12) 11% Marshall Field & Co 27% Mathieson Alk 1% . 43Y% May Dept Strs (2)_ 46 Maytag pf ww (3).. 9715 Mead Corp pf $4% . Melville Shoe (4) . % Mengel Co - - 50 Mengel Co pf _ 40% Mesta Mach (a3%). 5% Miami Copper 17% Mid-Contl Pet a40c.. 21% Mid Stl Prod (a2)-- Mid Stl 18t pf (8) . 614 Minn Moline Pwr 57% Minn Moline Pwr pt % Minn & St L (d) ... 16% Mission Corp = 213 MStP&SSMpf___ 2% M St P&SS M Isin_ 5!3 Mo Kans & Texas 1412 Mo Kans & Tex pf 21y Missouri Pacific(d) 37 Mo Paclfic pf (d) 19% Mohawk Carpet (1) Monsanto Chem (11) Montg’y Ward 80c_.. Mother Lode Motor Prod (12). Motor Wheel (1)_. Mullins Mfg (B) . Mullins Mfg pf (1) Murphy G C (1. 60). Murray Corp Myers (F E) (12) - Nash Motors (1) __ 3 Nashv Chat & St L_ 2 Natl Acme (alje)-. Nat Biscuit (1.60) at Cash Reg (50c) at Dairy P (1.20) Nat Dairy P pf A(7) Nat Dept Stores Nat Distillers (2) . Nat En & Stpg (2)- at Lead (t50c) __ Nat Lead pf B (§) _ Nat Pwr & Lt (60¢c) Nat Steel (112) at Supply Co pf « Nat Tea (60c) Natomas (180¢) Neisner Bros (2) Newb'ry (J d)pf(5) ewport Industries N Y Atrbrake a50c. NYCentral RR N Y Chicago & St L. 2 NYChi&StLpt Y Shipbuilding N Y Shipbldg pf(7) N Y Steam pf (6) Norfolk Southn (d) Norfolk & W (18) _ North Am Aviation North Am Co (1) North Am Co pf (3) orthern Pacific Northwest Tel (3) Norwalk Tire&Rub Ohto Ol (50e) . ___ Oliver Farm Equip- Omnibus Corp vte_. Omnibus Cp pf(8) - Otis Elevator (60¢c) Otis Elev pf (6) Otis Steer __ Oufs Steel pr pf_ Outlet Co (12) Owens-111 Glass (5) Pac Am Fisher (1) ¢ Pacific Coast __ Pacific Coast 1st___ Pacific Coast 2d PacificG& E (1%). Pacific Ltg (2.40) Pacific Mills z Pacific T & T (a5)__ Pacific W'n Oil Packard Mot (a25c) Pan American Petr. Panhandle Pro & R Paraffine Co (t2) Paramount Pict Paramount 18t pf _ Paramount P 2d pf_ Park Utah s Parke Davis (al1%) Parker Rust P 1% _ Parmelee Transp't_ Pathe Film Corp._. Patino Mines Peerless Motor Penney (JC) (a2%). Penn Dixie Cement. Penna Glass ctfs . 284 Penn Railroad (a1). 38 Peoples Gas Chi 25's Pere Marquette 56 Pere Marquette pf 6415 Pere Marg pr pf 12% Pet C'p of Amaslc. 104 Pfeiffer Brew (1.20) 25% Phelps Dodge a75c_ 45 Phila Co 6% pf (3). 113 Phila & Read C& 1. 66 Philllp Morris (3)._. 7% Phillips Jones __ 68 Phillips Jns pf (7)- 3814 Phillips Petrol (11) # Phillips P rts Oct 5. 513 Phoenix Hoslery __ Add 00. - SRama =S twwann » 2 3 3 D@ o & 3 8 ety 51 . 300s 7 4 33 4 10s 13 1 1 2 2 508 3 10 49 10s 44 ll\l 70 Phoenix H pf (3%3)- lDOn 8 Plerce Oilpf .. 114 Plerce Petroleum i3 Pitts Screw al2lzc. 49 PittsSteelpf ____ 1% Pitts Term Coal___. 14 Pitts Term Coal pf. 3 Pitts United Corp_ 21 Pitts& W Va______ 11% Plymouth Oil (1) 12 Poor & Co (B) ... 1% Porto R Am Tob B__ 6% Postal Tel&C pf (d) 2% Pressed Stl Car (d) 18 Pressed Stl C pf (d) 40% Proc & Gam (allg). 39 PubSveNJ (2.40). 113 1031 Pub Sve N J pf (5). 6214 367 Pullman Ine (1%)... 9% Purity Bakerl 9% Radio Corp _._. 6815 Radio Corp pf A 3% 5 Radio-Keith-Or (d) 28% Raybestos-M (1%)- 35% Reading (2) 39 Reading 1st p: 9% Real Silk Hosiery__ 70 Real Silk Hos pf___ 124 Reliable Stores ___ 173% Rem Rand (160c) . 21 R'm-R5%prpfly 434 Reo Motor Car. 16% Republic Steel 77 Republic Steel pf. 78% Rep Stl prof A (6)- 10 24% Revere Copper (A). 90 RevereC& B pf_ 't 45 30s 3 708 3 40s 13 3 12 14 7 2 2 1 10 - 100s 126 VISIBLE GRAIN SUPPLY. 48 41% 2% 22y 2 94 3% 37% 461 451 105% 613, 167 951 109 1% 10%% Ti% 7 348, 483 47y 12 T0% 18% 18% 20% 5% 23% 114% 113 100y 9915 19% 19 51% 49 125 CHICAGO LIVE STOCK. bushels: Wheat decreased 862,000; corn increased 275,000; oats decreased 48 113 100% 19% 51% 126 A4 Net. High. Low. Close. Chge. 36% 36 36 28, 1936. 2:18 Prev. 1936 Stock and High. Low. Dividend Rate. 22% Reynolds Met (1) . 'ob B (ll 117% 74% Ruberoid Co (1).-.. 35's 27 Safeway Stores (2) 114% 110% Safeway Strs pf (7) 1 0% 22 St Josepr La (80c). 2% St L-San Fr pf (4) 7% St L Southw’n (d) 18 St L Sown pf (d).... 11 Savage Arms _ 37% Schenley Distill (3) 9714 Schenley D pf (5%) 1% Schulte R Strs (d) . 7% Schulte R S pf (d) . 5315 Scott Paper (2) ___ 7a Seaboard Afr L (d)- 2 Seaboard A L pf(d). 30'% Seaboard Ofl (1).. 314 Seagrave Corp. ... 59% Sears Roebuck (2) 61% Sec Nat Inv pf $2.90 15% Servel. Inc (60c) 89 Sharon Stl H pf (5). 4% Sharpe & Dohme __ 114 Shattuck F G (50c). 30% Sheaffer Pen (2) 14% Shell Union Oil 8% Silver King (60c) .. 19% Simmons Co (a50¢) 3'3 Simms Petrol. 1913 Skelly O1l.. 40% Smith (A 0) 21 Snider Packing 12% Socony-Vac O (50¢c) 3% So Am G & P(a20c). 26 South Port S (2) _. 25 South Cal Ed (1%). 2315 Southern Pacific 12% Southern Railway.. 9 Southern Ry p! Spalding (A G 631 Spalding (AG)1st pf 101%; Spang Chal pf $8%;. 5% Sparks- Withington Spear & Co___ Sperry C'p vte (al). Spicer Mfg. “ Splegel-May-8 (3) .. Stand Brands (80c) Stand Brands pf(7) 913 Stand Com Tobacco Stand Gas & El (d) Stand G&E $4 pf (d) Stand G&E $6 pf(d) Stand G&E $7 pf (d) Stand O of Cal (11). Stand Oil of Ind t1. Stand Oflof NJ (11 Starrett(L S)71.40_ Sterling Prod (3.80) Sterling Secur (A)- erling Secur pt __ ewart Warn(50¢) Stone & Webster Studebaker Corp Superheater (80c) Supertor Ol rerior Steel Sutherind Pap t1.60 Sweets Coof Am. « Swift & Co (1) ymington (d) mington A (d) s Texas Corp'n (1) Texas Gulf Sul (2). Texas & Pac RR Tex Pac C & O a25c Tex Pac Land Trust Thatcher (1).. % The Fair _ Thermotd Co Third Avenue mp'n Prod as0c ompson Starrett Tide W Asso O 60c Timken Detroit(t1) Timken Roli B (12) Transamerica t40c. Trans & Westn Alr. Transue &W (t60c). Tri-Cont Corp a2ic.. Tri-Contl C pf (6) . Truax-Tra Coal____ Truscon Steel ___ th Cent Fox Film 20th Cent F pf 1% . % TwinCity RT. ___ TwinCity R T of__. Ulen & Co Und-Ell-Fisher (3) Union Bag&Pap (2) Union Carb&C 2.80. Unton Oil of Cal (1) Union Pacific (6) Union Pacific pf (4) United Afreraft ___ United Air Line vtc : United Am Bosch __ United Bisc (1.60)_ Cnited Carbon (3).. United Corp United Corp f (3) United Drug (asfc) Utd vyewood (al% United Dyew pf (7) United Elec Coal __ Unit Eng & F (2) United Fruit (3)___ United Gas Imp (1) Cnited G Imp pf (5) U S Distributing pf U S & For'n Secur_. Freight (1) ___ Gypsum (2)___. S Hoffman Leather vte___. Leather A vtc _ Leath pr pf vte. Pipe & Fy(13%). Realty & Imp_.. S Rubber Rubber 1st pf nelt&Ref (a8) Steel "\S:e.' of (4) . United Stores (A) Unit Stores pf (33) Univ Leaf Tob (13) Univ Pict 1stpf Util Pwr & Lt (A)_. Vadsco Sales Corp.. Vanadium Corp..__ Vick Chem (12) Car Chemical__ a-Car Chem 6% pf Vulcan Detin (a4).. Wabash pf A (d) _. Waldorf Sys 11.20_. Walgreen Co (2) .. Walker (H) (2)- Walker (H) pf (1)- WalworthCo ... Ward Baking A__._ Ward Baking B Ward Baking pf $3. Warner Bros Pict_- Warner-Quin (d) Warren Bros___ Warren Bros cv pf_. Warren Fdry&P(1) Waukesha Mot (1) - Webster Eisenlohr. Wesson O&S(150¢). Wesson O&S pf (4) West Pa Elec A (T) West Pa Elec pf (6) West Pa Elec pf (7) Add 6% 13 2 63 14%, | 129 120 3] 133 r. cengagagacan m-,,mvmwmmmvm Westingh'se El (4) Weston El | (a25c) Westvaco Ch t40c Westvaco 5%pf 13 Wheeling Steel White Motor _ White Sewing Meh White Sew Mch pf_ Wilcox O1l & Gas .. Wilson & Co (50c).-. Woolworth (2.40) Worth Pump pf A. 62% Wright Aero______. 63 Wrigley W ir (13)_. 8% Yellow Truck = v 8314 Yellow Truck pf 14 42% Young Spr&W (13). 41% Youngs’'tn Sheet&T 113 Zenith Radio 5% Zonite Products. 181 18 «m.ooo 1ess thi Accumulated divi n’ "‘S“'S”“n‘fi.":‘ o Paid la: S e i ‘aividen en ¢ Companies revorted 1D FINANCIAL, Sales— 00. High. Low, Close. chn b 26% 26% 267% — 9 66 55% 5bY% — 1 84% 84% 84% — 2 30% 29% 29% 08 110% 110% + 9 30 29% + b4 — 11% +1% 27% +1% 14 49% EFFFEEFT + 1+1 Tt +4+4440+1+ 14+110L10L4%) ] B + 1 +++4 o alioRantalicea I 4% » |+ 141 44 1441+ +14+1 141+l ++ 0s 6 93 204 08 142 - 4% 4 501 +1% 19 95 - % 28 39% + W 10 Ta+ @ PLl4++++ Approximate Sales of Stocks on the N. ¥. Stock Exchange. 12:00 Noon. - 2:00 P.M. bove table are the anpusi cash 670,000 1,030,000 this year. D or being CHICAGO. September States Department o( Axncultnm TGH“IZ in crop: stocker: tone weak foll downturn. 28 (P).—(United higher: dium to goo above 3.75. Sheep. 18,000, | fat lambs_active. quality considered. choice native lambs. Westerns moluy 59 2! T ewes % B0a5.00 best hetd s Juling, slow. with under- owing last weel 50 including 7. strong _to 00 direct: 5 higher: sheep and medium to 0: _bet held STOCKS MOVE UP DESPITE REALIZING Pace Slows as Profit Taking Reduces Gains From Fast Opening. Stock Averages fid oy 63.1 679 678 494 18 ot} 51.0 50.9 52.3 36.9 534 434 44.7 o Net change. +3 +1 Today, noon 90.5 40.8 Prev. day_._ 90.2 40.7 Month ago.. 89.5 40.3 676 254 920 415 734 302 763 312 495 185 21.6 17.5 8.7 239 16 146.9 153.9 184.3 157.7 - 516 953 618 61.8 (Comptled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financ er. NEW YORK, September 28.—Mild optimism prevailed in most of to- | day's financial markets as furthe study was made of Europe's currency devaluation plans. Stocks tilted forward at a fast open- ing, but profit-taking appeared later, The pace slowed to a crawl and early gains were” reduced or canceled in 350,000; rye decreased 179,000; bar-' ley increased 720,000. e L s NEW YORK, September 28 (#).— Railway Age says the Birmingham Southern Railroad has ordered five 900 horsepower switching engines from the American Locomotive Co, A ear- dium- 1,000: calves. uox and choice oflefln's y much action. Lut not so many in crop:’best veariings early, 0.15. but some held er. largely market, early with Searling. supp stocl smi Sbout steady, iin ows sieady o Bron vealers ‘fully steady: sau nun 5.85 down; vealers. 10.00811.00: around 11.50, about 1 4 250 TONS OF LEAD SOLD. NEW YORK, September 28 (#)— | The St. Joseph Lead Co. reports that 250 tons of pig lead from Southeast Missouri mines were sold yesterday at $4.45 per 100 pounds, St. Louis. some instances. Selected motor, rail. farm imple- ment and specialty issues held most ;of the buying play with advances, | near the fourth hour, of fractions to a point or more. Bonds exhibited small improvement Several French loans pushed up, while others were sharply lower. Gr: dipped mainly on weather report | Cotton was higher on hopes of larg sales abroad when the exchange al ment is effected. Rubber futures ga ground, as fears were expressed the guilder will follow the franc. One | of the principal rubber exporters is the Netherlands East Indies. In foreign exchange transactic New York sterling dropped more 2 cents to $4.94',. French and S | francs and the quoted downward, Among the day's | on the upside_were Chr Motors, Studebaker. Electric Lite, Packard, Hudson, cky Marshall Field, New York Central, Atlantic Coast Line, Southern Pacific, Hiram Walker, Schenley, Interna- tional Harvester. Hercules Motors, Evans Products, Deere, International Nickel. American Can, General Elec- tric, United States Smelting and Loew's A shade er w were American Telephone, Western Union. Consoli- dated Edison, North American, Ameri- can Water Works, Anaconda. Kenne- cott, Douglas Aircraft, United Steel. Bethlehem. Standard Oil New Jersey. Goodvear. United States Rubber, Dome and McIntyre Pore cupine, han Ad\ ertising Total Up 9.7 Per Cent From Last Year €5 the Associatea Press. CHICAGO. September 28 —Adver- tising Age, national advertising news- paper, reported today that the volume of retail advertising placed in the newspapers by the merchants of 67 major cities was 9.7 per cent greater for the week ended September 19 than for the corrsponding week of 1935 For the week the total was 20,003,- 37 lines. For the first 38 weeks of the year the total lineage of 631.326.- 367 was 5.8 per cent greater than the total for the same period in 1935, 237 CHICAGO GRAIN | By the Associated Press. | CHICAGO, September 28.—Pere sistent selling for houses with Easte ern and Southwestern connections did | much to puil wheat prices downward late today as well as early. | Maximum setbacks of Chicago Wwheat values were 234 cents a bushel. Messages from Winnipeg reported dis= appointing lack of export business, |a result of a muddled foreign ex- | change situation, Wheat closed unsettled, | under yesterday's finish, December, | 1.133ga’;; May, 1.121ga',; corn |34 down, December. 94%sa3,: Mav, 893;a7: oats 3, off and provisions unchanged to 10 cents lower. \WHEAT— Qpen 135-24 Chicago Cash Market. Cash wheat—No. 1 hard, 1.20-21%, No. 2 hard, 1.18-18';; sample grade, 1.09; No. 1 mixed, 1.18'2. Corn—No. 3 mixed, 1.11';; No. 4 mixed; 1.10' ;- 11'3: No. 1 yellow, 1.13; No. 2 yellow, 1.12-13; late billing, 1.11'2: No. 3 yel« low, 1.12; No. 4 yellow, 1.10!2-111;; No. 5 yellow, 1.09'2-11; No. 2 white, 1.20; No. 4 white, 1.16; No. 5 white, | 1.14; sample grade, 95-1.07; new crop, No. 4 yellow, 1.00; No. 4 white, 1.06. Oats—No. 1 white, 45!,-46; No. 2 white, 44% -46: No. 3 white, 43%; No. 4 white, 41'; sample grade, 377-41'.. No rye. Soy beans—No. 2 yellow, 1.19 nominal. Barley—Actual sale, 1.12-50; feed, 72-85 nominal; malting, 1.12-50 nominal. Timothy seed, 5.75-6.00 hun- dredweight; new crop, 5.50-75 hun- dredweight. Clover seed, 14.00-21.00 hundredweight. Baltimore nnnlllln .. NoBALTIMORE! Senlcnl\bekr 2R B —Wheats nier, garlicky. spot domestics 1.15%; September. | s Winnij WINNIPEG, "S.Q"V.e:‘;:t“,‘..fl“l range today i . 053¢ 1.08'3 1.07% 1.10%-% 43% 44'% 45 RAILWAY INCOME. NEW YORK, September 28 (P —Rail- roads reporting August net operating in= come (before fixed charges and other in= come), included: 1936, ¢ 1935 Great Northern ___$3.129,508 $2 Northern Pacifi 1 Baitimore & ©Ohio| 2. "li 805