Evening Star Newspaper, September 30, 1936, Page 20

TA—20 wxw CLEARINGS CLIMB WELL ABOVE 1935 Capital September Total Is $16,331,524 Ahead ot Year Ago. BY EDWARD C. STONE. Bank clearings in Washington in September scored a gain of $16,331,- 524.02 over the corresponding month 8 year ago, according to the monthly report made this noon by the man- sger of the Washington Clearing House. September clearings totaled $89,- | 611,954.10 as compared with $73,280,- | 430.08 in September, 1935. The can- celed-check total also was far ahead of August this year, when clearings reached $73.280.430.08, the compari- | sons with the same period last year and the previous month indicating steady business improvement in the Capital. ! Clearings for September and the | £rst nine menths of 1936 compare as | follows with the monthly summaries for the corresponding months in | 1935: 1936. -$86,990,549.44 78.024,521.81 - 86,355.879.19 -100,389.014.14 94,295,112.00 -104,841,034.00 -100,333,520.C2 st - 82,745,029.41 ! September 89,611,954.00 73.280,430.00 | January February 60.956,281.30 74.112.669.72 85.895,159.00 83,003.060.93 42,871.78 Agency 91 Years Old. The Washington agency of the Mutual Benefit Life Insurance Co. of Newark gathered here today all-day session with home ofilc sentatives to ob- serve the nimety- | first anniv | of the company's | represent in | the Nation’s| Capital The| meetings, under | direction, of H * Lawrence Choate, | general agent in | charge of Wash- ington territory, began at the| B b heste, Willard Hotel| and will continue | through this evening at Chevy Chase ! Club. | Present from the home office are H. G. Kenagy, agency executive, and F. D. Haselton, field service manager; | members of the Washington agency and representatives from Baltimore, | Williamsport, Pa., and Richmoni. Mr. Kenagy, the principal speaker, was for many year d with the Life Insurance Research Bureau at Hartford, which has a membership of 120 life insurance oompanies. It has been said of him | that he knows more life insurance | men by their first names than any | other insurance executive in America. As head of the bureau's agency Tes building schools he has become recog- nized as one of the abiest teachers Jn the life insurance business. | has written and edited several 0ooks | pn selling and business management. | | He | The Mutual Benefit has been con- Hnuously represented in the District pince 1845, the year of the company’s founding, when J. C. Lewis became §ts representative. Mr. Choate, pres- ent general agent, was appoinied in 2925, coming to Washington irom | Chicago. The agency during his tenure has become an outstanding life $nsurance organization. Soper Heads Bank Section. James A. Soper, vice president and | pashier of the Lincoln National Bank, was elected chairman of the fiduciaries | section of the District Bankers' Asso- | eiation for the coming year at a meet- | ing held yester- day afternoon at the Union Trust Lo. Irving Zirpel, secretary and as- gistant trust offi- wer of the Union Trust.Co., was elected vice chair- gnan of the sec- tion and J. Eliot Moran, assistant trust officer of the American Secur- fty & Trust Co., fwas named secre- tary. The officers wwere elected by the section’s Executive Council. & All three officers have been very ac- #ve in the bankers' fiduciaries work gor several years. With the rapid growth of trust business in the banks this section has become more and more Smportant. Phone Earnings Fall Off. Net income before dividends of the Ehesapeake & Potomac Telephone Co. tn August amounted to $136,519, as eompared with $146,601, according to §he monthly report filed with the Pub- lis Utilities Commission today. Operating revenues of August were $836,630. Operating expenses, includ- fng interest, amounted to $700,111. WNet operating revenues were $225.752. Net operating income amounted to $151.214, as compared with $170,818 in August, 1935, a decrease of $19,604. Washington was served by 207.059 telephones on August 31, 1936, a net gain of 601 telephones over the pre- wious month. On August 31, 1935, there were 186,099 telephones in serv- fce. Telephone users in Washington made 20,371.000 calls in August, as compared with 19,931,000 during the pame month in 1935. Net income for the first eight months | iof this year totaled $1,351,049 in com- parison Wwith $1,270,748 in the like perlod in 1935, an increase so far in 1936 of $80,301. A substantial increase #n operating revenues was partially off- set by higher operating expenses. Mergenthaler at 1936 Peak. Mergenthaler Linotype reached a hew peak for 1936 on the Washington Btock Exchange today. The stock ppened at 48!> and closed at 49. Columbia Title Insurance Co. stock #old at 8 today and Carpel Corporation moved at 24!>. Lanston Monotype came out at 85, up % from the last previous sale. Potomac Electric Power 54 per cent preferred was firm, changing owner- ship at 11115, ending the day’s stock | sales, both sales and bids having a bull | market atmosphere. Riggs National Bank common stock and Peoples Drug Stores common are being quoted ex-dividend. James A. Soper. . MONEY MARKET. NEW YORK. September 30 (.—Call money steady: 1 per cent all day. Prlme commercial vaper. ¥ per cent. loans steady; 60 days-6 months. 1l ner cent offered. Bankers' acceptances un- changed. Rediscount rate. New York Re- sarve Bank. 1l per FINANCIAL, By Private Wire Direct to The Star. 2:15 p.m. Stock and Dividend Rate. Acme Steel Co (131 Adams Millis(a75¢) 22'x Address’graph(1)_ 1's Advance Rumley.__. 58 Afr Reduction (t1). 2 Alr-Way Elec Appll 13 Alaska Jun (160c). 216 Alleg Corp (d) ... 12% Alleg pf w$30w (d) 12 Alleg pf w$40w (d) 1213 Alleg pf xw (d) 27 Alleg prpf (d) 2674 Alleg Steel (11)._. 157 Allied Chem (6) 23 Allled Mills (ab0c). 6% Allied Stores - 35% Allis-Chalm (113) . 19% Alpha Port Cmt (1) 2%, Amal Leather __ Amal Leather pf 12 Amerada Corp (2) . Am Ag Chm Del(3). Am Bank Note (1) . Am Bnk Note pf (3) Am Brake Shoe 1.60 15% Am Can (14) 2 162'4 Am Can pf (7) 30 Am Car & Foundry. 7% Am Car & Fdry pf_. 31 Am Chain 114% Am Chain pf 116 b' ~ Am _hicle (4) : Am Colortype . _ “nv Am Comel Alcohol 164 Am Crystal S(aslc) 313 Am Encaustic .___ 612 Am & Forelgn Pwr_ 25 Am & For Pw $6 pf_ 29% Am & For Pw §7 pt 12 Am & For Pw 2d pf. Am Hawatian (1) Prev. 1926 Low Am Home Pr (2.40). 24 Am Ice _____ 16'; Am Ice pf (2) 9% Am International .. 23!y Am Locomotive 66 Am Locomotive pf_ 21 Am Mch&Fy (80c). 10 AnrMch&Metadoc- 7 Am Metal i Am News (NY) (3) Am Power & Light. Am Pwr&Lt pf (5 Am Pwr&Lt pf (6)- m Kadiator(alic) Radiator pf (7) Lolling M(1.20) afing it Shipbldg (2 Smelt&ltet (2). Snuft (18) Steel Foundry_ St Fy pf g3 « Am Sugar (2) Am Sugar pf (7). 9'3 Am Tel & Teleg (3) Am Tobacco (5)_-—. 2 Am Tobacco B (5) - + Am Type Founders 91y Am Wat Wksa20c.. < Am Woolen « Am Woolen pf(33)_ « Am Writ Paper (d) Am Am .~ Am Am Am Am Am Am Writ Pap pf (d) inc & Lead _. Zinc & L pr pf_. Anaconda Cop (1) .. 5 Anaconda Wire(2). 53 Anchor Cap (6uc) .- AP W Paper Archer-Dan-M all; 5'« Armour Del pf (7) - “s Armour (lllinois) . T's Armstrong C (1%). '3 Arnold Const (50¢). 815 Artloom Corp ... 5 Artloom pf (37)_. s Ass0 Dry Goods « Atch To&S Fe pf(5) 21% Atlantic Coast Line 11 AU Gulf& W Ind 1315 Atl Gulf&W Ind pf_ 26% Atlantic Ref (1) 48 Atlas Powder (12) 14 Atlas Tack (a30c).. 6% Auburn Auto E 5% Austin Nichols . 29! Austin Nichols pf A « Aviation Corp (Del) 1 Baldw:n Loco (d) 2913 Baldwin Loco pt(d) 2% Baldwin Lo asd(d)_ 33% Baldw L pf asd(d)- 157, Baltimore & Ohto__. 21 Baltimore & Oh pf- 131, Barker Brothers__. 821, Barker Bros pt 144 Barnsdall O1i (80c) 18 Beatrice Cream (1) 100 Beatrice pf ww (5). 134 Belding-Hem (1) 3 Belg NR pt pf(3.24) 1% Bendix Aviat'n (al) 20 Beneficial L (t1%). 48 Best&Co (12) .- 45% Beth Steel . 16's Beth St1 5% pf(1).. 107! Bethlehe Stl pf(7).. 1415 Blaw-Knox (40¢) 109% Bloomingdale p£(7) 774 Blumenthal pf_—. 1675 BoeingsAirpiane 41 Bohn Alum&Br (3) R0'x Bon Am1 A (4) . 3y Bon Ami (B) (215). 25% Borden Co (1.60) . 64 Borg-Warner (13) 124 Bridgp't Brass t40c 431 Briggs Mfg (12) 471z Briggs & Strat (3) 407 Bklyn-Man Tr (4) - x 41z BKlyn & Queens __. 4413 Bklyn Un Gas (3) - 45 Brown Shoe (3)_ 815 Brunswick-Balke - 874 Bucyrus-Erte 1073 Bucyrus-Erie pf(7) s Budd (E G) Mfg Budd (E G) Mfgpf 8% Budd Wheel 20% Bullard Co (a50¢c)-- 11%; Bulova Watch 25 Burr Ad Mch(t60c) 25 Butte Copper&Zine 16!2 Byers (A M) 5415 Byers (A M) pf ___ 22 Byron Jackson t1__ 3014 California Pkg(1%) % Callahan Zinc e 6 Calumet&Heca50c. 30 Campbell Wy (11)_ 10% Canada Dry G A__... 10% Canadian Pacific __ 37 Cannon Mills (a2).. 45% Cap Adm pf A (3)_. 6% Carriers & Gen 20c. 9215 Case (J 1) Co __ 54% Caterpillar Trac(2) 21% Celanese Corp as0c. 19 Celotex Coro 25% Cent Aguire (113%). 613 Century Rib Mills_. 47% Cerro de Pasco (4)._ 81 Certain-teed Prod - 5714 Certain-teed 6% pf 19 Champ Pap & F (1) 59 Chesapeake Corp(3) 51 Ches & Ohio (2.80)_ 1% Chi Grt West (d) 4 ChiGrt W pt (d) 25% Chi Mall Ord(113). 112 Chi Mil St P&P (d) 27 Chi M St P&P pf (d) 21, Chi& NW (d). 6% Chi & N W pf (d) 12!2 Chi Pneumatic Tool 40% Chi Pneu Tool pf__. 1'3 Chi R 1&Pac (d) .- 3% Chi RI&P 6% pf td) 31 Chi R I&P 7% pf(d) 19% Chi Yellow Cab (2)_ 17% Chickash Cot Oil 7 Childs Co 8515 Chrysler (a6%). 15% City Ice & Fuel (2) . 727 City Ice&F pf (6%) 4% City Stores . 23% Clark Equip (1.20)_ 33 Clev Graph Br (2) - 48 Cluett Peabody (1) 13 Colgats P (50¢c) 39% Collins & Alk t2___. 3% Colo Fuel & Ir (d).. 237% Colo F & I pf (d) 28Y Col Fuel & Ir (new) 19% Colo & South 1st pf 14 Columb G&E (a20c) 80% Col G & Epf (b) 31 Colum Pict vte (f1) 42% Colum Plcev pf 2% 94 Colum Carb vtc(t4) 44 Comecl Credit (14)_. 100% Comcl Credit pf 4% 55 Comcl Invst Tr (4)_ 97 Comcl In T pf (4%) 14% Comcl Solv (60c) .. 2% Comw & Southern.. 59% Comw & Sou pf (3) 30% Congoleum-N(1.60) 16 Congress Cgr (b2). 15 ConnR&LDf ... 8 Consol Cigar 72% Con C pr of ww 6% 44% 2T% Consol Edison (2).. 109 102 Consol Ed NY pz(5) Th 4% 1 e M 2 =P E ok 3 et .ww ... PR BN Ly TRe = e SoncomrcBe o 001 0909992003 50 00 M mI TV 10 Sales— Add 00. 3 ® High. 63% 24% 325 21 .76 31y 17 4 5% 105% 105% + % 4 ol THE EVENING Net Low. Close. Chge. 63 244 32 2% L5 63% + A 24% + W 32 + % 21 — 1 741 —1% 31 - % iy +1 +4 +11% +1% P44+ 1441 i ¥ AR b AL T | gl B EE OPFFER FELE sesfey ¥ 72 —1% 334 — 8% 19% + % 15 —1% 10 - % 82% - % 42% — % 2:15 p.m, Sales— Add 00. 5 43 29 1938 Stock and Low. Dividend Rate. 15% Cons Film pf (31) .. 3% Consol Laundries__ 1115 Consol Ol (160c) . 51 ConsolR R Cuba pf_ % Consol Textile (d)._ > Cons Coal (Del)vtc. 12% Cons C (Del) pf vte. 15% Container Corp (1), 10% Contl Baking (A) .. 1% Contl Baking (B) _ 671 Contl Baking pf (8). 6714 Contl Can (3) 1735 Contl Dia Fibre(2)- 3513 Contl [nsur (11.20). 215 Contl Motors 281 Cont Oil of Del(11). 27 Contl Steel (2) __ 554 Corn Ex Bk&Tr (l) 63% Corn Prod Ref (3)_. 4158 Corn Prod R pt (7) 4 Coty Inc 35 Creamof Wh (2 15% Crosley Rad (a50¢). 43% Crown C & S (2) .. 461 Crwn C&S pf ww 2% Tl Crown Zelleb'k vtc 28 Crucible Steel Crucible Stl pf ($3) 14 Cuba Co Prev. High. 2014 T4 15% 11t Bi Satn M o by B LRS- PICETR S RO YA ) S & BTy « Curtis Publishing._. 2 Curtis Pub pf (7) Curtiss Wright. 10% Curtiss Wright (A Cushmans pf (33). Cutler-Hammer t1_ Davega Stores t3bc Deere & Co Deere & Co pf $1.40 4 Deisel-Wem-G (11) '« Delaware & Hudson Del Lack & West Den&Rio GW pf (d) Detroit Edison (t4) : Diamond Mtch 134 Dist Corp Seag Ltd. : Dome Mines (t2)__. Dominion Stores _. Douxlass Afrcraft_. Dresser A (b135) Dresser Mfg B Dunhill Internatl Du Pont de N +3.60_ Du Pont deb (6) Durham Hosiery pf Sastman Kod (15)_ aton Mfg (2) litinzton-Schild Elec Auto Lite (a2)x 45 Electric Boat 13 Elec&Mus In(b24c) 14258 lecPw& Lt . lec Pw & Lt $6 pf_ Elec Pw & Lt $7 pf. Flec Stor Bat ( 2 Elk Horn Coal (4) - 2 Elk Horn Cpf (d) _ ng P S $5pf (110). quit Office Ba20c. irie R R = Erle R R 1st pt Erfe R R 2d pt « Evans Products (1) Exchange Buffet___ Fairbanks Co. Fairbanks Co pf . Fairb’ks-Morse(t1) Fajardo Sugar (2) . Federal Lt & Trac .. Federal Mot Tr 40c. Fed'd Dept St +1.40. F1d Phoe F 1 (11.20) Firest T&R (a%0c) - 4 Firestone pt A (6)_ First Nat Strs (23%) Flintkote Co (1) - Follansbee Rros (d) Food Machine (1) . Fost Wheeler new _. Fourth Nat 1a1.45_ : Freeport-Texas (1) Fuller Co pr pf ... Gabriel Co (A) 2 Gen Am Investor! Gen Am Trans 1% Gen Asphalt (b25c). 10% Gen Baking (160c) 2 Gen Bronze Gen Cable Gen Cable A 2 Gen Cigar (14)_ 4! Gen Electric (1 Gen Foods (1.80) Gen Gas & Elec (A) Gen G&E 6%cv pfA Gen Gas&E! 7% pf Gen Mills pf (6) . Gen Motors (12) __ Gen Outdoors Adv._ + Gen Outdoor Adv A Gen Print Ink pf(6) 4 Gen Pub Service __ : Gen Ry Signal (1) 2 Gen Realty & Util__ 2614 Gen Real&U pf ww. jen Refrac (al1g). 32 Gen St Casting pt Gen Theatre Equip. Gen Time Inv (1) Gillette Saf Raz (1) Gimbel Bros 9 Gimbel Bros pf(a3) 295, Glidden Co (2) 521 Glidden cv pf(2%). 37 Gobel (Adolf) 67« Goebel Brew (f20c) Gold Dust vte (60¢) 3% Goodrich (B F) 74 G'drich(BF)pfn(5) 21% Goodvear T & R _. 87 Goodyear $7 pf (4). 815 Gotham Silk Hose__ 7 Goth Silk Hpf (7). Graham-Paige 1% Granby (2d stpd) .. ‘U: Grand Union ctfs__ 2415 Granite €ity Stl (1) 2815 Grant (W T) (1.40) 3214 Grt Northein pf 16 Grt North’n Ore (1) 31 Grt West Sug (2.40) 22 Green (H L)Co(t1) 48% Greyhound C'p 3.20 1% Guantanamo Sugar. 301; Gulf Moblle & N pf. 28% Gulf States Steel _ 30 Hackensack W(1%) 6 Hall(WF)Printing. 14 Hamilton Wateh __ 30% Harbison Walk(2) - 16% 12 HatCorpof Am (A) 115 104 HatCpr ww (635)_ 9 4% Hayes Body . 133 102 Hazel Atlas Gl (5) 35% 25% Hercules Motor (1) 116 84 Hercules Pow (5)_. 135 26 Hercules P pf (7). 80 5873 Hershey Choe (3)._. 119 102 Hershey Cpf (14).. 44% 30% Holland Furnace 116 108 Holland Furn pf(5) 2313 9 Holiander (t50e).__ 37% 19% Holly Sugar (12) 441 397 Houd-Hersh(A)2 33 22% Houd-Her (B) t1%;. 70% 54% House Fin A (3)__. A“‘ 65Y% House Fin pf t3%_. 6% Houston O1l vte ___ 48% Howe Sound (13) 315 Hudson & Manhat. 1313 Hudson Motor Car. 1 Hupp Motors 18% I1linots Central 30 Illinois Cent pf (A) 4% Indian Refining._. 25% Indus Rayon (1.68). 88% Inland Steel (3). 615 Inspiration Copper. 514 Ins Sh Md cfsa20c. 111 Interboro R T (d) .. 2 Intercontl Rubber. 95 Interlake Iron 22% Int Agricul pr pf. 351 Int Cement (2) 56% Int Harvester 2% .. 2% Int Hydro Elec (A) 431 Intl Nickel (1.40)__ 3% Int Paper & Pw (A) 214 Int Paper & Pw (B) 15 Int Paper & Pw (C) 20% Int Paper {z Pw pf_. 37 IntPrintInk (2).- 3% Int Ry Cent Amer 3 Int Ry Cent Am vte 19% Int Rwy Cent A pf. 474 Int Shoe (12) - 15 Int Silver 50 Int Silver 11% Int Tel & Tel _ 10% Internl.tsDSnSDc. 82 Int Dept Strs p£(7) 156 Intertype Corp (1)- 24% Island Creek (2)._ 88 5815 Jewel Tea (14) 129 88 Johns-Manville t2_. lZSK 121% Johns-Manv pf (7) Jones&Laugh 7% vf 120s 13 Kans City Southern 19% Kans City South pf. 17 Kaufran Dep S (1) 24% Kayser J & Coal¥%. 18 Kelsey-Hayes (B).. 14% Kelvinator (t50c) .. 87 Kendall pf A (16)_. 28% Kennecott C (1.20). 17% Keystone S&W (2). 291 18% Kimb Clark (150c)- 7% 8% Kinney (G R) Co... 44 30 Kinney (GR)pf-.. mo- w8 E B3 Powmne 1ot PREER DDA ML W s © ol RE Wit ISRV =B E 3 26 48% 26% 33% 24% 25% 101 49% 24% Hish. 174% 13% 6 1% T 13% 6 3l STAR, WASHINGTON. 17% T 13% 6 D. C, Net Low. Close. Chge. % Cak W % FEEE FEF FROEFP L1441+ 1+ (S FllI++0+ E & F&EES FE FF High. Prev. 1936 Stock and es— Low. Dividend Rate. Add 00. 4% Kre: Dept Stcs 2 20% Kre: (SS) (11)_. 3 35% Kress(SH)&Co new 1 19% Kroger G&B (1.60). 4 20% Laclede Gas (St L) 90s 32 Laclede Gas St L pt 220n 15% Lambert Co (2) - 12 L ub&Tire(50c) .'!n 15% Leh Port Cmt a25¢_. 2 Lehigh Valley Coal 9% Lehigh Val Coal pt. 813 Lehigh Valley R R.. 12 Lehn & Fink (1%). 873 Lerner Stores (12)_ 7 Libby McNelll & L. 47% Libby-Ow Gl(a2%) 97 Ligg & Myers (14) 97'- Ligg&Myers B (t4) Lily Tullp Cup(1%) Lima Locomotive.. Link Belt (+1.20) Liquid Carb(1.60)_. Loew's Inc (12) Loft Inc Long Bell Lum (A). Loose-Wiles (2) ___. Lorillard (P)(1.20). La Ol Ref pf (d) . Louisv GEEpfA 1% 4 Lou & Nash (84%). Ludlum Steel (1) .. MacAnd & For (2)-. McCali Corp (2) - McCrory Stores MecGraw Hill Pub__ Mclintyre Porcu (2) McKeespt T P (14) McKesson & Rob _. McKess&Rob pf(3). McLellan Strs a20c. Mack Truck (1) Macy (R H) Co (2). Madison Sq G t60c_.. Magma Copper (2). Manat1 Sug pf (d) .. Man El md gtd (d). Maracatbo Oil Exp_ 2 Marine Midld (40c). Market St Ry pr pf_ Marshall Field & Co 2 Mathieson Alk 1% _. May Dept Strs (2)-. Mead Corp Mengel Co_ Mengel Co pf _____ 100s Merch & Min T 1.60. 30s Mesta Mach (a3%). 3 Miami Copper S 2 Mid-Contl Pet ad0c. 13 Mid Stl Prod (a2) . 4 Mid Stl 1st pt (8) 208 Milw El R&L pf (6) 108 Minn-Hon Ros 11%. 2 Minn Moline Pwr Minn Moline Pwr pf Minn &St L (d) ... M St P&S S Marie _ M St P&SS Mlisin_ Mission Corp - : Mo Kans & Texas . Mo Kans & Tex pf . Missouri Pacific(d) Mo Pacific pt (d) - Mohawk Carpet (1) Montg'y Ward 80c.. Mother Lode _ Motor Prod (12). Motor Wheel (1) Mullins Mfg (B) Mullins Mfg pf ( A). Munsingwear a2 . Murphy G C (1.60) - Murray Corp . Myers (F E) (12).. 4 Nash Motors (1) .. 132 Nashv Chat & St L. 100s Natl Acme (a25¢) - Nat Biscuit (1.60)_. Nat Biscuit pf () . 2115 Nat Cash Reg (50c) 21 Nat Dairy P (1.20) 10 Nat Dept Stores 874 28% 46% 28 27 44 47 25'- 36 32% 10 308 1975 Nat Supply Co. 74'» Nat Supply Co pf. T'» Nat Tea (60c) 101 Natomas (t80¢) 41 Newberry (JJ) 2.40 1041 Newb'ry (J J)pf(5) 9 Newport Industries 32'3 N Y Alrbrake as0c.. 2% NYCentral RR - 17% N Y Chicago & St L. 361, NYChi& St Lpf_ 10% N Y Dock pf. - 3 NYNH&H (@) 7% NY NH & H pf (d) N Y Ontario & West Y Shipbuilding Y Shipbldg pf(7) N Y Steam pf (6) 1t Norfolk Southn (d) 6% North Am Aviation 23'x North Am Co (1) 524 North Am Co pf (3) 98 North Am Ed pf(6) 237y Northern Pacific. .. 50 Northwest Tel (3)_ 2 Norwalk Tire&Rub 124 Ohto Oil (50¢) 241 Oliver Farm Equip. 17 Omnibus Corp vte .. & Oppenheim Collins_ 241 Otis Elevator (60¢) 1213 Otis Steer. __ 70 Otis Steel pr pf. 164 128 Owens-Ill Glass 181« 13 Pac Am Fisher (1) x 313 Pactfic Coast - 80 814 Paclfic Coast 4% Pacific Coast 2d_ 30% Pacific G & E (1%) 4T Pac Light (72.40) 14% Pacific Mills A 118 PacificT & T (a5) 11% Pacific W'n Ofl b25e 67 Packard Mot (a25c) 12% Pan American Petr 1% Panhandle Pro & R 4 181; Panhandle P&R pf 3608 7ls Paramount Pict.__ 133 59 Paramount 1stpf 814 Paramount P 2d pf. 2% Park Utah . o 40% Parke Davis (a1%) 23 Parker Rust P1%_ 414 Parmelee Transp't. 208 5 65 69 Penney(JC) (..% D 34 Penn Coal & Coke - 413 Penn Dixie Cement. 28% Penn Dixie Cpf A__ 17 Penna Glass ctfs 284 Penn Rallroad ( Peoples Dr pf (633) Peoples Gas Chi Pere Marquette pf_ Pere Marq pr of Pet C'p of Ama50c Pnuur Brew (1.20) ps Dodge a75c “8u Phlla Rap Tr pf (d) 11 Phila & Read C& 1. 66 Phillip Morris (3)-. x 7% Phillips Jones___ __ 68 Phillips Jns pf (7) 384 Phillips Petrol (1) 4 Phillips P rts Oct § 70 Phoenix H pf (3%). 8 Plerce Ofl pf._. 1% Pierce Petroleum.. Tw Pitts Coal .. Ti4 Pitts Screw al2 ‘ac_ 49 Pitts Steel pf __ 3 Pitts United Corp.. 581 Pitts United Cpf.. 21 Pitts& W Va - 1% Pittston Co 117% Plymouth Oil (1) 12 Poor&Co (B). . 6% Postal Tel&C pf @) 214 Pressed Stl Car (d) 18 Pressed Stl C pf (d) 40% Proctor & Gam 1% 39 PubSve NJ (2.40) ll( 112 Pub Sve E&G pf(5) 62% 36% Pullman Ine (1%). 24% 16 PureOil.. __ 19 9% Purity Bakeries 406 16% Quaker Sta Ref 80c_ 9% Radio Corp . 681 Radio Corp pf A 3% 5 Radio-Keith-Or (d) 11 RRSecIllCent___ 287% Raybestos-M (13%)- 35% Reading (£). ____. 37 Reading 2d pf (2)- 12% Reliable Stor 17% Rem Rand (160c)__ 20% R'm-R5% prpf1% 4% Reo Motor Car..... 16% Republic Steel.. 77 Republic Steel p! 78% Rep Stl prof A (6)- 10 Revere Copper. ... 24% Revere Copper (A). 90 RevereC&B pf__.. 280s 221% Reynolds Met (1) . T 25% 34 25 Reynolds Sprg (1)- 2 30% 304 58% 50 ReymoldsTobB (3). 18 56 55% 17 6 408 5 2 3 20s b4 145 508 1 26 1 8 1508 5 208 2 12 50 20% 28% +3% 30% Net, 8% — "% +4 P L&) 1444+ . Low. Close. Chge. | High. 117% n % Ya 17% — % 15 + W 27% — W Vi +44401 410 L NS R R L4404 " regss +++1+++ o FEL A RTS +1L01 FEEFT > FieF Prev 1 351 102 12w 23% 4 9% 95 48% 147 33% 32 354 37w Low. 116 1113 1241 115‘. WEDNESDAY, SEPTEMBER 30, 1936. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:15 p.m. 036 Stock and Dividend Rate. 74% Ruberoid Co (1) . 27 Safeway Stores (2} 22 St Josepr La (80¢). 2% St L-San Fr pf (). 7% St L Southw'n (d) . 11 Savage Arms 37% Schenley Distill (3) 97% Schenley D pf (53%) 1% Schulte R Strs (d) _. T3 Schulte R S pf (d) - % Seaboard Air L (d). 2 Seaboard A L pf(d) 3015 Seaboard Oil (1) 314 Seagrave Corp 59% Sears Roebuck (2) 2% Second Natl Invest 61!4 Sec Nat Inv pf $2.50 15% Servel, Inc (60c) . 20% Sharon Steel Hoop 89 Sharon Stl H pf (5) 4% Sharpe & Dohme ___ 11's Shattuck F G (50¢) 30% Sheaffer Pen (2)._. 14% Shel! Union O11 . _. s Shell Un Ofl pf 535 Silver King (60c) . Simmons Co (a50¢) Simms Petrol 2 Skelly Ofl Sloss-Sheff pf(a3lj % Smith (A O) .. Snider Packing Socony-Vac O (50c) So Am G & P(a20c). South Port § (12 South Cal Ed (1%). Southern Pacific Southern Rallway... Southern Ry pf _ Spang Chal pf 181 Sparks-Withington Spear & Co __ Spencer Kell (1.1 60). erry C'p vte (al). icer Mg Spiegel-May- s 3 Square D(B)a62lc Stand Brands (80c) 2 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 Oil of Kans Stand Ollof NJ (i1 Starrett(L 8)11.40_ Sterling Prod (3.80) Sterling Secur (A) . Sterling Secur pf _. Stew-Warner t30c tone & Webster_ Studebaker Corp_. Sun Ofl (11)... . Superheater (80c) . Superior Ofl Superior Steel Sutherlad Pap 11.60 Sweets Co of Am__. ift & Co (1) Swift Intl Ltd ( Symington (d) Symington A (d) - Telautograph (60c) Tennessee Corp . Texas Corp'n (11) - Texas Gulf Sul (2) Texas & Pac R R Tex Pac C & O aZie Tex Pac Land Trust Thatcher (1) Third Avenue 81, Thomp'n(JR)(50c) 24% Thomp'n Prod aéic. 4’y Thompson Starrett. 26 Thompson Star pf . Tide W Asso O 60c_ de Wat A O pf(6) Tide Water Oil allg Timken Detroit(t1) Timken Roll B (12) Transamerica t40c. Trans & Westn Alr. Transue &W (t60¢) - Tri-Cont Corp a2ic.. Tri-Contl C pf (6) Tri-Contl pf(6)cald Truax-Tra Coal_. . Truscon Steel . ___. th Cent Fox (1) 20thCent Fpf1y. TwinCity RT.. Twin City R T of- Ulen & Co Und-Ell-Fisher (3) Union Bag&Pap (2) Union Carb&C 2.80 Union Oil of Cal (1) Union Pacific (6) Union Pacific pf (4) Union Tank C 1.20_. United Afrcraft United Air Line vte. United Am Bosch _. United Bisc (1.60) _. United Carbon (3)-. United Corp . . United Corp pf (3) United Drug (a50c) United Elec Coal.__ UnitEng &F (2) United Fruit (3)._ United Gas Imp (1) CUnited G Imp pt (5) United Paperb'd(d) U S Distributing pf U S & For'n Secur . US&For S 1st (6)- 4 US Freight (1) ____ U S Gypsum (2).. U S Hoffman E U S Hoffman pf 2%. U S Indus Alcohol . U S Leather vte . _. U S Leather A vtc . U S Leath pr pf vte. USPipe & Fy(1%). U S Realty & Imp_. U S Rubber____ % U S Rubber 1st pf U S Smelting (al0) x U S Steel U S Steel pf (4) United Stores (A) Univ Leaf Tob (13) Univ Leaf T pf (8) Univ Pict 1stpf___ Util Pwr & Lt (A)_. Vadsco Sales Corp Vadsco Sales Co pf. Vanadium Corp .. Van Raalte (al%§). Vick Chem (12) __. Va-Car Chemical. . Va-Car Chem 6% pt Va El-& Pwr pf (6) Wabash (d) ... Wabash pf A (d)_ Waldorf Sys 11.20_ Walgreen Co (2) Walker (H) (2) Walworth Co. erd Baking Warner Bros Plct__ Warner-Quin (d) Warren Bros.__. Warren Bros cv pf Warren Fdry&P(1) Waukesha Mot (1) Webster Eisenlohr Wesson O&S(150c) West Pa Elec pf (6) West Pa Pwr pf (6 West Pa Pwr pf (7) Western Maryland Western Md 2d pf_ Western Pacific_ . %+ Western Pacific nf ’ West'n Union (a2)- West'gh’'se A B (1). Westingh’se El (4). Weston El | (a25¢). Westvaco Ch t40c . Westvaco 5% pT 1% Wheeling Sl“l. White Motor White Rk M S(1.40) White Sewing Mch_ Whi w Mch pf_ Wilcox Oil & Gas .. Wilson & Co (50c)- Wilson & Co pf (8)_ Woolworth (2.40) __ Worthington Pump Worth Pump pf A. Worth Pump pf B. GZ% Wright Aero.._ 63 Wrigley W ir (13)_ 33% Yale & Towne (60c) 8% Yellow Truek. 8314 Yellow Truck pf 42% Young Spr&W (13). 41% Youngs'tn Sheet&T 11% Zenith Radio . 6l 33% 87 330,000 Sales— Add 00. High. 85 303 29' 5a 11 14% 2 1 10 3 e R TN 0 ooy [FPFS-3 e 2 EY TS TSP N et 2 ™ 00 Noon. 00 P.M. Net Low. Close. Chge. 814 29% 28% 5 1'% 14% 49% 99% 38% % 81 —3’\‘ 0% — % A RE XL S ERE T+ 1+ AREESEEEE NN FEEEErrISSY | 4 - Exs FEEEE F OFP7 215 234 43 45 4% 331 112% Vi) ek & 44 B FETFPFEES FEFS S EERERRE 9 —-% 3% - % ™% - % Approximate Sales of Stocks on the N. Y. Stock Exchange. 133 . 820,000 3: Dividend rates as given in the above table are the annual cash 640,000 . 970,000 payments based on the latest quarterly or half-yearly declarations. 5 Unit of trading less than 100 shari : Accumulated dividends. d Companies reported in receivership or dividend. 25% =1% | including ext: « bEedl it year. zEx 1 Annual rate—not a Pald this year. beins FINANCIAL. STOCKS GO DOWN FRACTIONS 10 §1 Last-Minute Flurry Pushes Market Off Balance. Close Is Mixed, Stock Averages 18 oty +3 51.6 51.3 523 354 534 434 44.7 twdts rills Net change. +.3 —.1 Today, noon 90.7 40.1 Prev. day_.. 90.4 40.2 Month ago. 89.7 40.7 - 654 232 920 415 734 302 . 763 312 1935 ln'.... 495 185 21.6 1932 1oW.... 175 8.7 239 1929 high...146.9 153.9 184.3 157 T (Compiled by the Assoctated Press. BY VICTOR EUBANK, Associated Press Financis. Writer. NEW YORK, September 30.—A last-minute flury of selling knocked the stock market off balance today and shares finished irregular with losses of fractions to a‘point or %o predominant. Transfers approximated 1,350,000 shares. Unable yet to unravel the tangled skin of foreign currency relationships, | most Wall Streeters approached the market gingerly using current symp- toms of further trade and industrial gains as cues to trends In the forenoon, the market swung ahead under leadership of farm equip- ments, amusements and other specials ¢ ties. During the afternoon. however, demand became somewhat less ag- gressive and in some sectors prices yielded from their tops. Issues which were in favor most of the session included Bethlehem, General Motors, Auburn, Sears-Roe< buck, Douglas Aircraft, Case. Inter« national Harvester, Deere, Caterpil- lar Tractor, North American, Inter« national Paper & Power preferred, Electric Power & Light. American & Foreign Power, Commonwealth & Southern, Texas Pacific Coal & Oil, | United States Rubber, Columbia Pic- tures, Twentieth Century-Fox, Com< mercial Credit and American Chain. A number of rails gave way, in- | cluding Delaware & Hudson, Santa Fe | Electric, ! inally quoted, and Union Pacific. Others under pressure were Amer- ican Telephone, Schenley, General Owens-Illinols Glass and Loew’s. Wright Aeronautical jumped sharply on limited turnover. Bonds turned ahead. Cotton, after rising around $1 a bale on the heaviest foreign buying in some time. lost part of its gain. Corn closed 7s to 1% cents lower. Wheat was unchanged to %o0f a cent lower. The pound sterling, the French ana Swiss francs were lower. The Dutch guilder, nom- regained part of & sizeable dip. L By the Associated Press. NEW YORK. September 30.—Cot- ton advanced further on active bul ing influenced by reports of rains in the Eastern belt and continued activ- ity in the cotton cloth markets. Trade and mill buying was reported active, but, after showing net ad- vances of 18 to 21 points, prices eased slightly under increased hedgiag and realizing. December sold up to 12.29 and war ruling around 12.19, with the gen- eral market showing net advances | of 10 to 14 points in the mid-after- | noon market. | October | closed barely steady. | December, | B¥ Lo 1at | 8.61: Futures closed barel vhquflv 5-10 hugher, Hig) December January Marcn May uly o8 Spot steady: middiing (‘olu)nmd 0il. Bleachable cottonseed oil futures October, 10.0b; 10.22b: January, 10.25b; March, 10.30b: May, 10.33b. Sales, 278 contracts, including 108 switches. b—Bid. New Orleans Prices, NEW ORLEANS. September 30 (. | The weekiy weather report stressing | favorable crop conditions in Texas brought higher prices today on the cotton marke October opened at 12 05. December at 1212, January at 1200 and Mareh » Distant the best nce gaining around 5( cents a ba Some ‘transferring of hedges from near- later positions helped the early tone bay buying influenced a beiter Liverpool market. according to eables. and this development aided the domestic October 0.740 de months_made ad | markets. o Sottionseed ol opened steady embe; January Mnrtn 9°80b: May. B &b, D . LIVERPOOL. September 30 /#).—Cotton 187000 bejen.” Including. 8100 Americi Spot. moderate business done: priees poinis higher; mmnlmm in pence: Al midd] 7.86: L-vn-ul oo low mi 00d_ordinary. 5.86, y. ~ Oc tober. .70 S OR: March. 6 86: Futures elosed ember May. July. TOBACCO SALES HEAVY, WITH PRICES HIGHER By the Assoclated Press. RALEIGH. N. C., September 30.— The Federal Tobacco News Service reported fairly heavy sales and gen- erally higher prices on the officially inspected Oxford tobacco market, in the middle belt. Pirst to fifth quality lugs and prim- ing lugs continued in predominance, with some wrappers bringing as much as $62 per hundredweight. In the orange leaf -classification, B3F dropped from $33 Monday to $31 yesterday, but B4F went from $24 to $24.50. H4F orange smoking leaf in- creased from $25 to $26, and C3F or- ange cutters went from $41 to $43. In orange lugs, X3F rose from $23 Mon- day to $25 yesterday, and in orange priming lugs, P3F went from $18.50 to $21. GULF STATES STEEL RIGHTS TO BE GIVEN By the Associated Press. NEW YORK, September 30.—Hold- ers of Gulf States Steel Co. common stock will receive rights to purchase additional stock in the ratio of one new share for each two shares held in connection with capital readjust- ment plan, it was announced. The price at which the rights are exercisable has not been determined. Proceeds of new bond issue of §7.- 000,000 and sale of 98,750 new shares of stock will be used to retire existing 51, per cent debentures, retire the preferred stock and provide capital for expansion. The company plans to spend approximately $2,000,000 om expansion at its Gadsden, Ala, g ~