Evening Star Newspaper, October 1, 1936, Page 18

FINANCIAL. BEST SINCE 1330 Recovery Curve to Continue in Autumn Months, Banking Predicts. BY EDWARD C. STONE. Business enters the final quarter assured that to date 1936 has been the best year since 1930 and confident that the recovery curve will continue to ascend during the Autumn months. Banking, official organ of the Ameri- can Bankers' Association, says today. Basic improvement has held its mo- mentum, and the weeks ahead prom- ise higher production and consump- tion levels. 1t is significant to note as the Fall geason opens that recovery this year has progressed without important in- terruption. Also the gain has been well distributed among major sec- tions of the country’s industrial fab- ric, the principal exception being egriculture, which had to contend with a serious drought, the review ndds. There is evidence that unemploy- ment is decreasing and considerable reason to believe that the actual number of employables out of work is much below current estimates. In- creasing dividends of corporations continue to give support to the mar- ket for securities and contribute to the general optimism, although they are largely influenced by the tax to be imposed on undistributed profits at the end of the year. European events are disquieting, for the possibility of more widespread trouble between the two conflicting theories of government represented in Spain’s civil war is well recognized. Rearmament, inflammatory speeches, the restlessness of nations seeking %erritorial expansion and, more spe- tifically, domestic unsettlement in France cast shadows on the future snd increase the difficulties of inter- fational economy. Nevertheless, for- gn affairs have not interrupted the srend of American business. At home the election campaign pro- eceds along lines more or less tradi- tional, and the issues are being care- ully canvassed by the politicians and y the voters. On the whole, busi- ness appears to have been little af- acted by the campaigning, the op- dimistic statement asserts. Washington Gas Earnings Off. Net earnings of the Washington Gas ®ight Co. in August showed a loss of $64,969, compared with a deficit uf! $24,220 in August, 1935, an increase of $40,749 in the comparative figures, ac- gording to the monthly report just filed with the Public Utilities Com- ission. August is the poorest month tn the year in the gas business. the ponth under review being no excep- ion. y Net operating revenues of $14.419 for the month, compared with $44.650 for August of last year, a decrease of $30,231 reflecting the effect of reduced gas rates approved December 16,1935. Increased charges for retirement of property called for in the sliding scale arrangement and expenses incurred in producing the larger volume of gas gold further account for this decrease. The operating revenues of the two District of Columbia companies, after dnter-company eliminations, during the first eight months of 1936, despite the reduced rates, increased $253.876 over the corresponding period of 1935, due to the greater volume of gas sold, resulting in net income for the period of $554,963, a decrease below the first eight months of 1935 of $173,280. Georgetown Report Also Filed. The August report of the George- town Gas Light Co. also filed with the Utilities Commission, shows & seasonal net loss of $11,622, compared with a loss in August, 1935, of $5,243, this being partly due to rate reduc- tions and other increased costs. For the first eight months of this year the Georgetown company report- ed net earnings of $4,177, against $6,318 in the like period a year ago, @ decrease of $2141. Operating revenues were $58,340 better than a Year ago, but operating expenses in- ereased by over $59,000. During the eight months’ period ending August 31, 1936, the gas sales pf the two companies were 6,647~ 375,000 cubic feet, compared with 5, B51,174,000 cubic feet during the cor- Fesponding period a year ago, an in- erease of 13.6 per cent. At the end of August these two companies had $38,034 meters in service, an increase pver August of last year of 6,110, Hull Joins K. S. Wales Firm. K. S. Wales & Co., Inc., announce {the election as a vice president of Ed- ward 8. Hull. Mr. Hull was a repre- gentative of Bonbright & Co. from 2926 to 1931, while Mr. Wales was MWashington manager for that firm. Puring recent years he has been con- mected with the National Sphere, pub- Bished by the Whaley-Eaton Corp. K. S. Wales & Co., Inc., was formed January 1, 1936, with Kenneth S. Wales as president and George A. ‘Watson as treasurer. They are mem- bers of the Washington Stock Ex- thange and of the Investment Bank- #rs’ Association of America. Financial District Gossip. Harry P. White, assistant treasurer &t the Northeast Branch of the Amer- §can Security & Trust Co.; Richard E. ¥arris and Edward E. Swan, two other mssistant treasurers, located at the Central Branch, have returned from Sheir annual vacations. The lure of Atlantic City got all three bankers. , Charles W. O'Donnell, general agent bf the Minnesota Mutual Life Insur- pnce Co. in the Woodward Building, peports that new business written so far this year now exceeds the total smount of business done in the whole of 1935, reflecting a most gratifying Bmprovement in general business con- glitions in the Capital. G. Elmer Flather, one of the offi- eials of the Union Trust Co., was re- ceiving congratulations today upon special honors carried off by his son #s & member of the High School Cadet Corps. Bank clearings in Washington for ghe first nine months of this year to- taled $823,686,615.13, against $677,- 64,302.27 a year ago in the same pe- ylod, & gain so far this year of $145,~ $22,312.86. Today's Trading on Exchange. Capital Transit stock sold at 147% #gain today on the Washington Stock Exchange. Potomac Electric Power @ per cent preferred came out at 110% and the 5, per cent preferred again sold at 111. Bonds were neglected, the only sales being in Capital Traction 5s, which moved at 91. Potomac Electric Power 6s went off She board today, in line with the re- demption plan set for October 1. The last bid was 105. Interest on these pbonds ceases today. NEW YORK BAR SILVER. mmm:m—m Bilver steady and unchanged at é4%. Prev. High. 245 29 THE EVENING STAR, WASHINGTON, D. C., THURSDAY, OCTOBER 1, 1936. SAI8 ke FINANCIAL. THE N A . D ., R, e e e . BUSINESSACTIVITY TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESP[[}|AH|[SR|S[ rm 0 Th 2:18 p.m. 1026 Low. 59 Acme Steel Co (13r. 9% Adams Exp (a30c). 17% Adams Millis(a76¢) 22% Address’graph( 1) 58 Alr Reduction (11). 2 Air-Way Eleo Applt 13 Alaska Jun (1600).. 2% Alleg Corp (4) ... 12% Alleg pf w330w (d). 12% Alleg pf wS40w (d) % 267 Alleg Steel (11) ... 157 Allled Chem (6) ... 23 Allled Mills (ab0c). 6% Allfed Stores 85% Allis-Chalm (1%)_. 19% Alpha Port Cmt (1) Amal Leather pf 32 Amerada Corp (2) .. Am Ag Chm Del(3). Am Bank Note (1)_ Am Bnk Note pf (3) Am Brake Shoe 1.60 115% AmCan (14) ... 30 Am Car & Foundry. 57% Am Car & Fdry pf-. 31 AmChain...__..... 875% Am Chicle (4) cce. Ti4 Am Colortype. 20% Am Comel Alcol 16% Am Crystal S(ab0c) 315 Am Encaustic. . 6% Am & Foreign 25 Am & For Pw §6 p{_ 29% Am & For Pw §7 pf. 12 Am & For Pw 2d pf. 13 Am Hawaiian (1) 5% Am Hide & Leather. 37 Am Home Pr (2.40) 1615 Am Ice pf (2).. - 9% Am International... 231 Am Locomotive.... 66 Am Locomotive pf. 21 Am Mch&Fy (80c). 10 Am Mch&Met a40c- 27 Am Metal 7% Am Power & Light. 365% Am Pwr&Lt pf (5)- 43 Am Pwr&Ltpf (6)- 7% 18% Am Rallator(albc) 155'; 34 39% 341y 91y 44% 36 63% 26% 179 2 50 110t T4 125 84 62% 15 2214 22 88Y% 106% 43% 29'3 45% 354 1264 30 54k 461y T8 68 58 3% 58 26% 40 118 20% 106} 20 26 105 97 16% 313, 24% 62 72% 19% 48 20% 2943 99 31% 634 100% 45 32% 8831 11% 18% 647 58% 12% 51t 561 655 16'/. 17% 15 106% 112'/! 28% 9% 157 Am Radiator pf (7). 23% Am Rolling M(1.20) 36 Am Safety Rmn (2). 25% Am Shipbldg (2)_.. 56% Am Smelt&Ref (2). 20% Am Steel Foundry.. 24% Am Stores (2) .coon 484 Am Sugar (2) .. 20% Am Sumatra Tob t1 14915 Am Tel & Teleg (9). 88ls Am Tobacco B (5)-. 87 Am Type Founders. 19's Am Wat Wksa20c-. 7% Am Woolen._.. ... 52% Am Woolen pf(33). 4'% Am Writ Pap pf (d) 3% Am Zinc & Lead. .. 28 Anaconda Cop (1) . 35 Anaconda Wire(2). 15% Anchor Cap (60¢) - 97 Anchor Cap pf(6%) 37 Archer-Dan-Mallj 105% Armour Del pf (7). 4% Armour (1llinots) . 104 Armour(Il)pt (XG) 661 Arm’r(1l1)pr pf (6). 47% Armstrong C (1% ). T4 Arnold Const (50¢). 8! Artloom Corp. 90% Atch To&S Fe pf( 213 Atlantic Coast Line 11 AtlGulf & W Ind 13! Atl Gulf&W Ind pf. 26% Atlantic Ref (1)__. 112 Atlas Powder pf (6) 14 Atlas Tack (a50¢)-. 26% Auburn Auto 291, Austin Nichols pf A 4% Aviation Corp (Del) 21, Baldwin Loco (d) 2915 Baldwin Loco pf(d) 2% Baldwin Lo asd(d). 33% Baldw L pf asd(d)- 157 Baltimore & Ohio.... 21 Baltimore & Oh pf_ 1101 Bang & Aroos pf(7) 13% Barker Brothers 821, Barker Bros p! 14% Barnsdall O1l (80c) 18 Beatrice Cream (1) 100 Beatrice pf ww (5). 85 Beech-Nut P (13).. 13% Belding-Hem (1)... 21% Bendix Aviat'n (a1) 20 Beneficial L (t134). 48 Best & CO (12).cuue 45% Beth Steel.__ 16% Beth Stl 6% Df(l).. 32 Bigelow-San (1)... 14% Blaw-Knox (40c) .. 18% Bloomingdale (a 77% Blumenthal pf. 167 BoeingeAirplan 41 Bohn Alum&Br (3 80% Bon Ami A (4). 39 Bon Ami (B) (2 25% Borden Co (1.60) . 64 Borg-Warner (13)-. 6 Boston & Maine 12% Bridgp't Brass '10. 43Y% Briggs Mfg (12) 40% Bklyn-Man Tr (4)_x 413 Bkiyn & Queens 33% Bklyn & Qns pf(33). 44% Bklyn Un Gas (3).- 45 Brown Shoe (3) 814 Brunswick-Balk: 8% Bucyrus-Erie 107% Bucyrus-Erie p£(7) 9% Budd (EG) Mfg__. % Budd 2d pd..Oct 16 86 Budd (EG) Mfgpf. 8% Budd Wheel ._ _____ 20% Bullard Co (a50¢c)-. 11} Bulova Wateh.._._. 25 Burr Ad Mch(160c). 81 Bush Term deb (d)_ 14% Bush Term B pf cod 2% Butte Copper&Zine. 16! Byers (A M) .. 54% Byers (A M) pf-... 22 Byron Jackson t1._ 30% California Pxg(1%) % Callahan Zinc.-..... 6 Calumet&Hec a50c.. 30 Campbell Wy (11). 10% Canada Dry G A 10% Canadian Pacific... 87 Cannon Mills (a2).. 12% Cap Adm (A) abc_. 45% Cap Adm pf A (3)._- 6% Carriers & G.n 20e- 92% Case (J 1) 54% Caterpillar Tfle(l) 21% Celanese Corp ab0e. 19 Celotex Coro 54 Celotex Corp pf(35) 25% Cent Aguire (11%). 6% Century Rib Mills_. 97% Century R M pf (7). 47% Cerro de Pasco (4)_ 8% Certain-teed Prod_. 57% Certain-teed 6% pf 80% Certain-teed 7% pf. 19 ChampPap & F (1). 59 Chesapeake Corp(3) 51 Ches & Ohio (2.80). 1% Chi Grt West (d) ... 4 ChiGrtWpt(d). .. 1% Chi Mil 8t P&P (d). 2% Chi M St P&P pt (d) 2% Chi&ENW(Q) .o 6% Chi & N W pf (d).. 12% Chi Pneumatic Tool 1% Chi R 1&Pac (d).... 3% Chi RI&P 6% pf 1d) 3% Chi R I&P 7% pf(d) 19% Chi Yellow Cab (2). 17% Chickash Cot Oil... 7 Child#Co ......... 25 Chile Copper (1)... 85% Chrysler (a6%).._. 15% City Ice & Fuel (2). 72% City Ice&F pf (634) 4% City Stores. - 23% Clark Equip (1.20)- 48 Cluett Peabody (1). 84 Cuca-Cola (3).. 13 Colgate-P-P (50¢) 100 Colgate-P-P pf (6). 39% Collins & Afk 13 107% Collins & Alk pf (7) 8% al Colonial Beacon...... 1. 3% Colo Fuel & Ir (d).. 23% Colo F & 1 pf (d)- 284% Col Fuel & Ir (new) Bales— Net | High. nmmnn-u. Add 00. High. Low. Close. Chge. | 20% .ll! 110% Abr & Straus pf (T) lfll nm lllK 13“ -% 18 - % 24% - % 2% 38 3% -1 3% 1% + % 3% 12% 24% 32% L1414+ FEEEELERSESR SRS ||-04_|_+4+I||| FEEESEFF S F (R AR FEFSIFEIE i - FEFESL 1141400014+ +1+++ FEPEXFERS & 16% llfi 115 12'~¢ h 98 93 104 10% 2815 28% 44% 46% 29% 29% 141 16% 234 79 18 16% 308 116 92 12% |I+++#ll| N sVsx"rrrans | & 29 1 8% 107% 107% 3 B3 b52% 11% 10% 65% 64% 120% 119 2 22% 22% 83% 83 29 18% + % 9% + % 32 -1 121% + % 17% + % 88 + % 9% U 9%+ % 36% 364 364k — ¥ 59% 58% B9% + % 10 121% 120 121% +1% 18 15% 15% 154 1 104% 104% 104% + % 14 65% B65% B5% +1%% 10s 111 111 111 26% 264 19% Colo & South 1stpf 150s 33 14 Columb G&B (a20c) 31 Colum Pict vte (1) 94 Colum Carb vte(t4) 84% 44 Comcl Credit (14)_.x 118 83 24% 5% 4% 4% 100% Comcl Credit pf 43§ -55 Comcl Invst Tr (4)- 14% Comcl Solv (60¢) ... 2% Comw & Southern._. 59% Comw & Sou pf (3). 30% cunlolau%-‘}:( LC:). 2T Conol ldlu( @) 102 Consol Ed NY pr(8) Fim .o % Consol 15‘0 Cons Film pf (31).. % Consol Laundries.. 27 8 1% 69% +2 8 lll!fi nm lll% -Hu m 2:18 p.) g ment BCT e . 00. 12% Ceas C (Del) pf vto.. IO: 18 18 [] ll 10 2% 929 70% 21% 38 2% 32% 6681 T0% 29 0% — % 21% - % 36% Contl Insur (11.20). 8 +% 214 Contl Motors. .. .. 2% 281 Cont Oil of Del(t1). m Corn Ex Bk&Tr (3). % Corn Prod Ref (3).. lll% lGB Corn Prod R pf (7). ty Inc J— lMfi Onl!ly Rad (a50¢). 43% Crown C &S (3).__. 46% Crwn C&S pf ww 2% T4 Crown Zelleb'k vtc. 28 Crucible Steel 95% Crucible Stl pt (33). 1% Cuba Co. 9 Cuba RRPf.coceee 614 Cuban-Am Sugar... 63% Cuban Am Sug pf-.. 16% Curtis Publishing.. 99% Curtis Pub pt (7). 4 Curtiss Wright——_. 10% Curtiss Wright (A) 7% Davega Stores 1300. 62 Deere&Co.. 27 Deere & Co pf 19% Deisel-Wem-G ('1) 36% Delaware & Hudson 14% Del Lack & West..... 4% Den&Rio GW pf (d) 8214 Diamond Mtch t1% 38 Dia Matchpf t1%._. 18% Dist Corp Seag Ltd. 41% Dome Mines (12)... 7% Dominion Stores._... 50% Douglass Afreraft.. 29 Dresser A (b1%)... 4% Dunhfll Internatl__. o - PS 117 S E - T -~ Y - 116% 111% Duquesne Lt 1st (5) 9% 5% Eastern Roll Mills_. 185 156 Eastman Kod (15)-. 39% 28! Eaton Mfg (2) ... 13 5% Eitington-Schild___ 45% 30% Elec Auto Lite (a2) 114 110% Elec Auto L pT (7). 7% 10 Eleotric Boat .. 5% Elec&Mus In(b24c) nhN?Nu—nsn—d—Na—annu-— Eomasad o % pi. 32% Elec Pw & Lt 37 vl- 42% Elec Stor Bat (12)_ 14 Elk Horn Coal (d) .. 1% Elk Horn Cpf (d) . 7% Eng Public Service. 5% Equit Office B a20c. 11 ErieRR._. 16 Erle RR1stp 11% Erfe RR2d pf_____ 12 Eureka Vac C (80c) 23% Evans Products (1) 815 Fairbanks Copf. ... 34% Fairb'ks-Morse(11) 18% Federal Lt & Trac.. 7% Federal Mot Tr 40c. 21 Fed Water Sve (A). 38 Fid Phoe F'1 (1.20) 247 Firest T&R (a90c) . 1051 100% Firestone pf A (6).. 483 40 First Nat Strs (2%) 45 30% Flintkote Co (1).... 3% Follansbee Bros (d) 471 32 Food Machine (1)_. 1113 106 Food Mach pf(4%). 43! 30'4 Fourth Nat Ial.45. 95 63 Frank Sim pf (37)- 35% 2313 Freeport-Texas (1) 75 47% Fuller Copr pfo_—_. 531 31% Fuller Co 2d of.... 18% 115 Gamewell Co.. 1213 8!3 Gen Am Inves 63 42% Gen Am Trans 1% _. 345 Gen Asphalt (b25c) 15 ) 11% 174 41% 5915 48% 1L+ seesFes grees 84‘4 Gen Electrie (1 ).__ 33% Gen Foods (1.80) .. 7» Gen Gas & Elec (A) 14 Gen G&E 6%cvDfA 19 Gen Gas&El17% pf- 58 Gen Mills (3)._ 53% Gen Motors (12) ... 118 Gen Motors pf (5)-. 5% Gen Outdoors Adv_. 18% Gen Outdoor Adv A 38 Gen Print Ink 3 315 Gen Pub Service. 8213 Gen Ry Signal (1) 2 Gen Realty & Util_.. 261 Gen Real&U pf ww. 33% Gen Refrac (a1%)- 3215 Gen Sti Casting pf-. 17 Gen Theatre Equip. 30%4 Gen Time Inv (1)__. 13% Gfllom s-: Ras (1) 6% Gimbel Bi 69 Gimbel Brol pf(a3) 393 Glidden Co (2) 52% Glidden cv pf(2%). 3% Gobel (Adolf) . ... 6% Goebel Brew (120c) 12% Gold Dust vte (80¢c) 13% Goodrich (BF) _. 74 G'drich(BF)pf n(5) 21% Goodyear T&R__.. 87 Goodyear $7 pf (4)- 8% Gotham Silk Hose__ 2 Graham-Paige 13 Granby (: 3% Grand Unton ctfs _ 16 Grand Un pf $87%e¢. 281 Grant (W T) (1.40) 32% Grt Northern pf.._. 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) 149% 186 Grt West Sug pf(7). 33% 22 Green (HL)Co(t1). 59% 501 Green Bay & W (5). 80% 48% Greyhound C'p 3.20. aa Ay + oAl E A4 £ TEESES - 1 10!% 10! 105 434 43% 62!‘ 52% “ 5 6% 6% 18% 13% 21% 1% — 2314 96% — + 4+++++I+l F EEIETESY 5588 e8na 'lD"/a 145% 1‘6% 32% 32 57 67 54% 54% NOSNN=vONS 129% 105 Gulf Sta Stl 1st 321 83 Hack WpfA(1%). 6 Hall(WF)Printing.. 14 Hamilton Watch___ 30% Harbison Walk(2)_. 12 Hat Corp of Am (A) 4% Hayes Body ... 251 Hercules Motor (1). 30% Holland Furnace... 9 Holiander (t506).—. 19% Holly Sugar (12)-—. 544 414 Homestake (t12)__. 33 22% Houd-Her (B) t1%. 54% House Fin A (13)— 6% Houston Ofl vto. 48% Howe Souna (13)__ 3% Hudson & Manhat.. 13% Hudson Motor Car.. 1 Hupp MOtors- e 18% Illinois Central.... 58 Ill Cent lse lines (4) 41 Indian Refining.... 25% Indus Rayon (1.68). 147 106 Ingersoll-Rand(+2) 135 125 Ingersoll-R'd pf(6) 117 88% Inland Steel (3) . 13% 6% Inspiration Copper. 18% 11% Interboro RT (d)-. 15% 9% Interlake Iron. ... 5% 2% Int Agricultural.... 56% 3514 Int Cement (2)__——e 90% b56% Int Harvester 3% .. 5% 2% Int Hydro Elec (A). 8 4% Int Mercantile Mar. 62% 43% Intl Nickel (1.40)_.. 8% 3% Int Paper & Pw (A) 4 2% Int Paper & Pw (B) 3% 1% Int Paper & Pw (C) 55% 20% Int Paper s Pw pf_. 44 37 Int PrintInk (2)_ 112 107 Int Print Ink pf(§ 8% 3% Int Ry Cent Amer.. 7 3 Int Ry Cent Am vt 49% 3% 18% 2 26% 681y 10% 34 127 127 —4% 134% 134% — % 14 14 - % 10 10 —-% 13% - % 1% 11% = % 3% 54% 84% % 5 19% Int Rwy Cent A pf.. 29% 23 IntSalt (134)eeeee 53% 47% Int Shoe (12) 25 15 IntSilver._ . 4117 117 117 + % 100- 113% 118 113% + % 21% 41% 26% Crags 7% Keystone e oy ( . 30 Kinney (G R) pf_. 1360s 47% 43% 200 Krese 8 8) (fl)" “’: “”0% m”% f 28% 20% Kresge ( e 408 29% 7% 19% Kroger 20% Laciede Gas (St L). Laclede Gas 8t L pf IIOI e l” 16% 15% 16% +1% 3 28% 28 28% + 5% l:; un.;: 115% 115% +3 8"y 3 0% et | !g;s:.ag;sg T4etet410 ¢ #85x S S 17 - <} [} t3 ¥ L1 bis |V Prev. 1936 % 26 31 116% 2:15 p.m. Stock and Bales— Add 00. High. 37% Lerner Stores (12). 7 Libby McNeill & L 4T% Libby-Ow Gl(a2%). Life Saver (1.60) . 97% Ligg&Myers B (14) 23% 19 Lily Tulip Cup(1}4) 9% 50 4% 62% 4 3% 25% Lima Locomotive... % 36 Link Belt (11.20)... 32% Liquid Carb(1.60).. 3 Loew’s Inc (12) ... 2 Loftinc. . eeeooo. 3% Long Bell Lum (A). 40 Loose-Wiles (2).._.. 21% Lorillard (P)(1.20). 13 La Ofl Ref pf (d)._. 20 Louisv GEEpfA 1% 57% Lou & Nash (a4%). 22% Ludluin Steel (1) 12% McCrory Stores.._. 391 Mcintyre Porcu (2) 85 McKeesp't T P (14) 8% McKesson & Rob._.. 37% McKess&Rob pf(3). 11% McLellan Strs a20c. 27% Mack Truck (1). 40% Macy (R H) Co (3)- 8% Madison Sq G t60c.. 7% Manati Sug pf (d).. 14% Man El md gtd (d). 17% Manhat Shirt (60c). 2% Maracaibo Oil Exp.. 8l5 Marine Midld (40c). 2% Market St Ry 2d pf. 41 Marlin-Rock (12)__ 11t% Marshall Field & Co 46 Maytag pf ww (3)_. 110% 103 Maytag 1st pf (6)_- 19 1 I.BHQ 110 Mid St 1st pf 98 6% 130 26% 9% 2% B T4 28% 103 50% 1% 5% 141 T 15% 112 10% 115% 107 32% 20% £6 12% Mead Corp...... gel Co b 40% Mesta Mu_h (a3%). 17% Mid-Conti Pet a40c. 21% Mid Stl Prod (a2).. ¥ 65 Minn-Hon R 6% Minn Moline Pwr. 57% Minn Moline Pwr pt 2% MStP&SSMpf __ 16% Mission Corp. 5% Mo Kans & Texas_.. 14% Mo Kans & Tex pf.. 2! Missouri Pacific(d). 3% Mo Pacific pf (d). .. 19% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg’y Ward 80c... 3 Mother Lode 28% Motor Prod (12).... 154 Motor Wheel (1)... 11% Mullins Mfg (B) 70 Mullins Mfg pf (7). 21 Munsingwear a2 . 14 Murray Corp.. 43 Myers (FE) (12).. 15 Nash Motors (1) 20'5 Nashv Chat & St 2'9 NIYJ Acme (a25e) 15'! l\ t Biscuit pf (7). Cash Reg (50¢) Dairy P (1.20) - Dairy P pf A(7) Dairy P ptf B(7) Dept Stores Distillers ¢ & Harlem pf(5) Y Lack & Wn (5) 3 NYNH&H @) __. 7% NY NH & H ptf (d) - 4 N Y Ontario & West 93 N Y Shipbuilding - 105 Norfolk&Wn pf(4). 6% North Am Aviation. 23 North Am Co (1) 98 North Am Ed pf(6) 23% Northern Pacific_.. 2 Norwalk Tire&Rub. 12% Ohto O1l (50¢) .- 24% Oliver Farm Equip. 17 Omnibus Corp vic.. Omnibus Cp pf(8)_. 24% Otis Elevator (60c). 1214 Otis Steel. 47 Outlet Co 164 128 Owens-Ill Glas: 18% 13 Pac Am Fisher (1). 30% PacificG & E (1%)_ 47% Pac Light (712.40) __ 14% Pacific Mills 11% Pacific W'n Of1 b25e 67 Packard Mot(a25c). 1% Panhandle Pro& R. 1815 Panhandle P&R pf_ Tis Paramount Pict._.. 59 Paramount 1st pf. 84 Paramount P 2d pf. 1714 Park & Tilford_. 2% Park Utah __ . 40% Parke Davis (a1%) 23 Parker Rust P13%._. 4% Parmelee Transp't_ 6% Pathe Film Corp_— 10% Patino Mines 14 Peerless Motor. 69 Penney(JC) (a2%). 314 Penn Coal & Coke__. 4% Penn Dixie Cement. 28% Penn DixieCpf A 17 Penna Glassctfs__. 28% Penn Railroad (al). 30 Peoples Drug (11)_. 38 Peoples Gas Chi__. 2514 Pere Marquette. 56 Pere Marquette pf.. 16 Pet Milk (1) .- 12% Pet C'pof Am as0c.. 10% Pfeiffer Brew (1.20) Phelps Dodge a75c— 81% Phila Co pf (6) new. 1% Phila & Read C& 1 381 Phillips Petrol (1) 4 Phillips P rts Oct 6. T3 Pitts Screw al2%c- 49 Pitts Stee) pf__ 14 Pitts Term Coal pf_ 3 Pitts United Corp— 58% Pitts United C pf... 21 Pitts&W Ve ... 11% Plymouth Ol (1).— 12 Poor & CO (B)._--m 4% Porto R Am Tob A_. 1% Porto R Am Tob B._. 6% Postal Tel&C pf (d) 2% Pressed St Car (d). 18 Pressed Stl C pf (d) 40% Proctor & Gam 1% 39 PubSvoNJ (3.40) ll! 1033% Pub Sve N J pf (5). 144% 128 PubSve NJ pf (7)- 62% 24% 19 14% 80 BITUMINOUS OUTPUT UP FURTHER IN WEEK ‘The National Coal Association, from incomplete car loading reports from 36% l’\lllmoln Ine (1%)-. 9% Purity Bakeries 400 16% Quaker Sta Ref 80c. 5 Radio-Keith-Or (d). 28% Raybestos-M (13%). 35% Reading (2)... 9% Real Silk Bolhry 70 Real Silk Hos pf.___. 12% Reliable Stores ___ 17% Rem Rand (160¢) - 20% R'm-R6% prpf 1% 80% Rem-Rand pf (6)--. 4% Re0 Motor Car... 16% Republic Steel ____ 77 Republic Steel pf. 78% Rep Stl pr pf A (6. 10 Revere Copper.... g% Revere Copper (A). Close. Chge. 4 16% lb!t !Mfi + % 24 62 60% 62 +2% 8% 8% 8% l& l'l l! + = WI% lOSV. 108% - 19% 19% 19% 39 + 39% 484% 48% + 41 40% + 58% b57% + E'A - SS##SS## - N B unu?..uw-.-o—m.- 05 aaSund £ FEEE ¥y & - @ -3 1 & r PP FE FESSL FEFE ¥ RS ARl © Y EEFESES | 4+ - Fr8 22% lll'/i 6 104% 103% % 135% +5% % 26% — % 31 +u 60 +1% 56% + % 3 +% ber 19, 1936. tember 26: the railroads, estimates bituminous coal production in the United States for the week ended September 26 as approximately 8,550,000 net tons. Pro- duction for thé corresponding week: 1935, L‘m tons; 1934, 7,344,000 112 114% Net Prev. 1036 High, Low. . 108 Safeway Strs pf (6) 110% Safeway Strs of (7) 30% 22 B8t Josepr Ld (30c). 124% 14% 41 6% 31% 132 72 12% 245 21% 15 124 403 6% 18% 36 131 149% 283 2819 17 9 48% 1634 ey 48% 854 193 165 7 2% 2T% 45 8% 48% 86 4% 110 116 124% 12 4 9% 95 48% 147 150% 84 122 40% 9% 1% St L-San Fran (d).. 2% St L-San Fr pf (4) . 18 StL Sown pf (d)-.. 11 Savage Arms. 87% Schenley Distill (3) 1% Schulte R Strs (d) .. 7% Schulte R 8 pf (d).. 3% Scott Paper (2).._ 7 Seaboard Alr L (d). 2 Seaboard A L pf(d) 301 Seaboard Ofl (1) 59% Sears Roebuck (2)... 15% Servel, Inc (60¢). 20% Sharon Steel Hoop-.. 4% Sharpe & Dohme..__. 11% Shattuck F G (50¢). 30% Sheaffer Pen (2).-... 14% Shell Union Of] .. 110% Shell Un Ofl pf 5% ... 8% Silver King (60c) 19% Simmons Co (a50¢) 3! Simms Petrol...... 19% Skelly Of1 .. 112 Skelly Of1 pf(i‘l’fi). 40% Smith (A O) .. 21 Snider Packing 124 Socony-Vac O (50c) 3% 80 Am G & P(a20c). 25 South Cal Ed (1%). 23 Southern Pacific... 12% Southern Raflway.. 19 Southern Ry pf._... 63% Spalding (AG)1st p? 5% Sparks-Withington. 6% Spear & Co. ... 29% Spencer Kell (1.60). 15% Sperry C'p vte (al). 13% Spicer Mfg. 44 Spicer Mfg pf (3) - 63 Spiegel-May-8 (3). 21% Square D(B)aé2%ec. 14% Stand Brands (80c) 914 Stand Com Tobacco. 5% Stand Gas & El () 9% Stand G&E $4 pf (d) 24% Stand G&E $6 pt(d) 26% Stand G&E 87 pf (d) 35 Stand Oof Cal (t1). 32% Stand Ofl of Ind 1. 25 Stand Ol of Kans _ 51% Stand Oflof NJ (t1 65 Sterling Prod (3.80) 8'4 Sterling Secur pf .. 16'5 Stew-Warner t30c_. 14% Stone & Webster__._ 914 Studebaker Corp.__ 118 SunOil pf (6) .. 27 Superheater (80c) 3 Superior O1l__ 9% Surerior Steel 23 Sutherlnd Pap t 6% Sweets Co of Am. 20% Swift & Co (1)__ 28Y% Swift Intl Ltd (2) 1% Symington (d) 57 Symington A ( 5% Tennessee Corp._.. 2873 Texas Corp'n (t1).. 2 Texas Gulf Sul (2). 28 Texas&PacRR .. 71 Tex Pac C & O a2ic. 9% Tex Pac Land Trust 59 Thatcher pf (3.60).. 813 Thermotd Co 314 Third Avenu = 24% Thomp'n Prod a60c. 47s Thompson Starrett. 26 Thompson Star pf_. 14% Tide W As80 O 60c_ 12'» Timken Detroit({1) 56 Timken Roll B (12) 11 Transamerica t40c_ 147 Trans & Westn Air. T Tri-Cont Corp a25c.. 93 Tri-Contl C pf (6) .. 4% Truax-Tra Coal . . 2215 20th Cent Fox (al)_ 31% 20th Cent F pf 1% _ 8% TwinCity RT 65% Twin City R T pf.. 274 Ulen & Co 3815 Union Bag&Pap (2) 71% Union Carb&C 2.80. 20% Union Ofl of Cal (1) 108!5 Union Pacific (6) ... 22% Union Tank C 1.20 20% United Afreraft 13 United Air Line vte. 16'; United Am Bosch .. 24% United Bise (1.60) 10% United Drug (a50c) 4 United Elec Coa 324 UnitEng & F (2).. 661 United Fruit (3)__ 14% United Gas Imp (1) 6% United Paperb'd(d). 2 U S Distributing._._ 10 U S Distributing pf 13 US& For'n Secur.. 2414 U S Freight (1) 80% U 8 Gypsum (2) 81% U S Indus Alcoho! 4% U S Leather vtc._. 10% U S Leather A vtc_. 21% USPipe & Fy(1%). 7% U S Realty & Imp__ 16% U S Rubber.___.__. 47 U S Rubber 1st pf__ 72% U S Smelting (a10) 46% U S Steel 5 United Stores (A)_. 153 Univ Leaf T pf (8). 34 Utll Pwr & Lt (A) . 1 Vadsco Sales Corp. 16% Vanadium Corp . 28% Van Raalte (al%)- 4% Va-Car Chemical. .. 28% Va-Car Chem 6% 70 Vulcan Detin (a4) 2% Wabash (d) 5 WabashpfA (d)._. 30 Walgreen Co (2) o 26% Walker (H) (2).... 17% Walker (H) pf (1) 51 Walworth Co_ . 10% Ward Baking A———— 24 Ward Baking B.___ 9% Warner Bros Pict.. 13 Warner-Quin (d).—. 21 Warren Fdv&P(t1) 19% Waukesha Mot (1) 61 Webster Eisenlohr. 33% Wesson O&S(150c). 21% West Pa Elec A (1) 87 West Pa Elec pf (6) 96 West Pa Elec pf (7) 111% West Pa Pwr pf (6) 116% West Pa Pwr pf (7) 8% Western Maryland. 2 Western Pacific.... 54 Western Pacific pf_ 721 West'n Union (a2).. 343, West'gh'se A B (1). 941 Westingh'se El (4) 1231 West'g'se 1st pf 3% 225% Weston El 1 (a26c). 36% Weston Elec A (2). 19% Westvaco Ch t40c_. 32% Westvaco 5%pf 1 2% Wilcox Ol & Gas__. 6% Wilson & Co (50c).. 23% Worthington 56 Worth Pumppf A.. 47 Worth Pump pf B_. 623% Wright Aero__. 33% Yale & Towne (606) 42Y% Young Spr&w (13 ). % 41% Youngs'tn Sheet&T 105 Ygstn S&T pf(53%)- 11% Zenith Radi0. - oeee. 5% gonite Products..... FINANCIAL Net . High. Low, Close. Chge. 10s 109 109 109 208 110% 110% 110% 7 29 28% 29 2% 4% 26 14% 49% 1% 13% ** $14s1 440 FEEFE FF FEF FFES F ¥ ¥ FE +++++ LIl + 140+ R FOFFEFEITSEFERGFESEFEEFFT Iii’ffif”#‘ FFEFEE FrEFVSE 3% 23%s 21"\ 434 4% | T I T 1 S ol T T e o R £y + FFEE R F FEFFE ¥ FFF FFVE 19% 19% + % 10- l“% 1“'/; 144% - % 50 — % lD M 79% ™% + % 1116% 116% 116% — % 2 38% 384 38% — W 4 ™ ™ TN+ % Appreximate Sales of Stocks on the N. ¥. Steck Exchange. 1:00 A M. 290,000 12:00 Noof. ... 1:00 P.M.. . 690.000 540,000 100 P.Moo.., 810,000 Dividend rates as given in the above table are the annual cash ts based on the latest quarterly or half-yearly declarations, Ppayment sUnit of trading less than 100 shares. 3 Accumulated dividends. Pald bBaid panies reported in Fecelversip of being ‘reorgan! 8,513,000 for the week ended Septem- calendar year to Sep- 1936, 296,603,000 tons®; 1935, 262,483,000 tons. *Subject to revision. extras, last year. d Com ised. xEx dividend. MONEY nmr t Annual rate—not this year. VOTE ON PLAN CALLED BY NATIONAL REFINING | erate advances in cotton today, | duced some caution. ONSTOCK MARKET % | Gains of Fractions to Point or More Predominate Late in Session. Stock Averages todos. malie Ot o0 Net change. +.2 Unc. +.1 +.1 Today, noon 90.1 39.8 51.2 67.7 Prev. day... 899 398 51.1 676 Month ago.. 89.4 405 522 6738 Year ago. 234 360 479 1936 high.. 415 534 696 1936 10W.... 302 434 1935 high... 312 447 1935 IOWoeeeo 185 21.6 1932 loW.... 175 8.7 239 1929 high...146.9 153.9 184.3 1571 1927 10W.... 51.6 953 €18 6138 ’ (Comptled by the Associated Press.) | BY VICTOR EUBANK, ! Associated Press Financiei Writer. NEW YORK, October 1.—Traders marked up the price of specialties in an even-tempered stock market today. The word that reduction in the value of the French franc had been made law by the French Chamber of Depu< ties brought no pronounced shift in ‘Wall Street sentiment. Equities re- mained virtually undisturbed, with gains of fractions to a point or so pre< dominant. Lower prices were registered for the pound sterling. the French franc and the guilder in exchange dealings. Bonds | improved. Cotton slipped a cog. Wheat | and corn were slightly better. Trans- actions in stocks were about 1,150,000 shares. Session Is Called By Revere Copper For Vote on Plan By tre Assoctated Press. NEW YORK, October 1.—A recapi- talization plan involving exchange of present 7 per cent cumulative preferred | stock for new 5'¢ per cent cumulative | preferred will be submitted to stock- holders of Revere Copper & Brass, Inc., at a special meeting November 12, C. Donald Dallas, president, ane nounced today. If it is approved, holders of the 7 per cent preferred, with dividend ar- rears amounting to $33.25 a share, will be offered for each share 1'5 shares of the new preferred. It is understood & majority of holders of the old prefer- | red have signified their approval of the conversion. NEW YORK COTTON By tre Assoctated Press. NEW YORK, October 1.—Early mod- in sympathy with steadier cables and unfavorable reports from the textile and spot cotton markets, were fole lowed by reactions under hedge selle ing and realizing. Fresh speculative buying was ree stricted, with traders apparently await- ing the influence of clearing weather on the movement of cotton. The Octo= ber 8 Government crop estimate ine December sold off from 12.23 to 12.11, with the gen- eral market about 5 to 7 points net lower in late trading. New Orleans Prices. NEW ORLEANS. October 1 (.—Prices Were a few points higher at the opening of the cotton market today in an exten- sion of the gains that have marked this leeks dealings 12.19, but imme- T open: 4 ely sald at 12 hile December at 9 and March 16 were approxi- ely 25 cents a hlle higher. Trading was active The bullish &ctivity of cotton eloth markets Was the main reason behind the advance. Word came from Worth street e first three days of this week of print cloth was sold. higher qn the improved texiile " advi liish crop re= Port_issued here "mm-y e Liverpool Quotations. LIVERPOOL. October 1 (# —Cotton. 9.~ 000 bales. including 2.200 American. Spot in fair demand. prices 9 points higher Quotations_in_pence: American, strict good middiine. rood middling middling. middling. 7.05 middling. 685 low midd:! 45; g0od ordinary. 6.25: good ardlnny 5.85. Futures closed steady. tober E 3. January. 6.73; March, @.71: cember. 6.7 May. 6.66: July. 6.59 CHICAGO GRAIN By the Associated Press. CHICAGO, October 1.—More or less weakening of wheat values developed late today owing to fears of liquida« tion in October futures at Winnipeg. Deliveries totaling 9,492,000 bushels of wheat were made today on Winni- peg October contracts. Chicago July wheat was again under considerable selling pressure because of favorable seeding reports from the Southwest. Wheat closed irregular, 3 off to % up, compared with yesterday's finish; December, 1.13'5a1.13%: May, 1.11%a 1.113%; corn at % decline to % ad- vance; December, 932a93%; May, 8952894 ; oats, '3ga's down, and pro- visions varying from 10 cents setback to an equal gain. Deceml January_ Cash wheat, No. 5, mixed, 1.12%; corn, No. 2, mixed, 1.07, lake billing; No. 1, yellow, 1.07a1.07%%; lake billing, 1.07%; No. 2, yellow, 1.07a1.08%; lake. billing, 1.08; No. 3, yellow, 1.06a1.07%; lake billing, 1.06; No. 4, yellow, 1.04a 1.07; No. 5, yellow, 1.03a1.06%; No. 3, white, lake billing, 1.15%; sample grade, 1.01a1.05; oats, No. 3, mixed, 41; No. 1, white, 44a46; No. 2, white, 43%a45%; No. 3, white, 42%.a44%; No. 4, white, 39%a41%; sample grade, 40242; lake billing, 41%; no rye; soy beans, No. 3, yellow, 1.20; barley, ace tual sale, 148; feed, 70a85, nom.; malting, 1.12al1.48, nom.; timothy seed, 5.75a6.00 hundredweight; new crop, 5.50a5.75 hundredweight; clover seed, 17.00a24.00 hundredweight. Liverpool Wheat Prices. ‘“W ouom 1 w.-—wh-w L H g 1 {15 RS (08 PHILADELPHIA PRODUCE. "'n‘.'al tuaer, 43¢ J