Evening Star Newspaper, October 9, 1936, Page 18

THE EVENING STAR, WASHINGTON, D. FINANCIAL. 18 wes FINANCIAL, C, FRIDAY, OCTOBER 9, 1936. SHEPHERD BEGINS T5THA. B. A TERM Executive Manager Is Well Known for Work Here During War. BY EDWARD C. STONE. Fred N. Saepherd, who has been re-elected executive manager of the American Bankers' Association, is now starting on his fifteenth term in this important office. His headquarters are in New York, but he is widely known in Washington, where he spent much time dur- ing the World War. At the out- break of hostil- ities he became field manager of the Chamber of Commerce of the United States, re- taining the post until he took his present position, in 1922, Mr. Shepherd is a Westerner by birth and rear- ing. Born in Ot- tumwa, Iowa, in 1878, he received an A. B. degree from Park College in 1900, the same nstitution giving him an LL. D. in 1925. Following graduation from col- lege, he engaged in newspaper work, underwriting, real estate and business management, entering banking in 1912 as cashier of the Empire National Bank at Lewiston, Idaho. His active connection with the A. B. A began in 1917, when he be- came a member of its Agricultural Commission, serving until 1921. Al- ways keenly interested in civic af- fairs, he is affiliated with the Presby- terian Church, Masons and Elks; also the National Press Club, and the Union League, Bankers’ and Economic Clubs in New York. He is a member of the Academy of Political Sciences and has written several brochues on banking and economic subjects. For the A. B. A. he has accomplished a great deal, especially in keeping up the membership and finances during the depression, helping to improve and expand banking facilities and the better understanding in the rural dis- . tricts between bankers and farmers. ‘In the head office he has improved many administrative practices. For these reasons his re-election is highly pleasing to his Washington friends. Harrell Heads Columbia Loan. John B. Harrell was elected presi- dent of the Columbia Building Asso- ciation for the thirtieth time at the annual meeting held last night. Other officers named were Harry B. Denham, wvice president; Gay Harrell, treasurer; C. E. Kefauver, secretary. Together with these officers the directors also include J. William Weber, C. Albert ‘White and Albert O. Denham. President Harrell's annual report showed substantial gains in both sav- ings accounts and mortgage loans dur- ing the past year. Assets revealed a gain of $750,000 during the year, the best gain, President Harrell said, in 29 years. Dividends distributed during the past year amounted to more than $100,000 and undivided profits and reserve accounts were increased. Loans totalling more than $1,000,000 were made during the year, the presi- dent’s report stated. Davis Takes Clearings Post. Flovd E. Davis, president of the Lincoln National Bank, has been ap- pointed a member of the Washington Clearing House Association's Executive Committee, it was announced today by H. H. McKee, president of the National Capital Bank and chairman of the Clearing House Association. He takes the place left vacant by the death of George L. Starkey, who served on this important committee for several years, and was formerly president of the National Bank of F. N. Shepherd , & veteran in the finan- vial district, has been head of the Lincoln National for 23 years and a director since June 8, 1899. Since he became president the bank’s de- posits have grown from $1,710,000 to over $10,000,000. Mr. Davis is also Wwidely known in the real estate field. Besides Chairman McKee, the other fmembers of the Clearing House Com- mmittee are J. Frank Stryker, Robert V. Fleming, C. F. Jacobsen and Victor . Deyber, secreetary. The work of e committee is most vital to the Welfare of the banks. Institute Seeks New Members. ‘Washington Chapter, American In- Mtitute of Banking, plans a member- E‘hr;p drive in all the local banks, nces E. Robey, chairman of the committee, announced today. At a fmeeting held Wednesday talks were gmade by President Paul J. Seltzer, U. Earle McGeary, Crawford Turnbull and Willlam H. Laughlin, and a good increase in members so far this year was also reported. It was reported at the meeting that the annual banquet will take place on #February 20, 1937. The first forum dinner is set for November 18, and a subscription dance at the Willard Ho- ;el has been arranged for November 4. Two Dividends Declared. Directors of Southeastern Indus- frial Bankers, Inc., 1407 K street, the | firm operating a chain of industrial | lending companies, have declared the | regular quarterly dividend on the| eompany’s 7 per cent stock, payable | October 17 to stockholders of record ! October 10. Directors of the City Industrial Bavings & Loan Co. of Hyattsville, Md., a subsidiary of Southeastern In- dustrial Bankers, have declared a quarterly dividend on the 7 per cent preferred stock and an initial divi- dend of 10 cents per share on the ecommon stock. Both disbursements mare payable November 10 to stock of TRANSA By Private Wire Direct to The Star. 2:15 p.m. Prev. 1924 Stock and Bales— h. Low. Dividend Rate. 42 Abr & Strausal.s0. 59 Acme Steel Co ('il. 9% Adams Exp 17% Adams Mlllllll1l¢) 22% Address’graph(1). 58 Alr Reduction (t1). 2 Alr-Way Elec Appli 13 Alaska Jun (160¢). x 24% Alleg Corp d)..._. 212 12% Alleg of w$30w (d) 12'% Alleg pf wS40w (d). 124 Alleg pf 3w (d) ccee 27 Alleg pr pf () ccee 108 157 Allied Chem (6) - 23 Allled Mills (ab0: 63 Allled Stores . 69 Allied Stores pf (5) 356% Allis-Chalm (1%) .. !9‘\ Alpha Port Cmt (1) Ama) Leather..___. Amerada Corp (2)_. Am Ag Chm Del(3). Am Bank Note (1) Am Bnk Note pf (3) Y% Am Prake Shoe 1,60 137% 115% Am Can (14) % 30 Am Car & Foundry. 5% Am Car & Fdry pf.. 31 Am Chain 114% Am Chain pt 'lfih_ 875 Am hicle (4). 713 Am Colortyp 20'% Am Comel Alcohol 16% Am Crystal S(a50c) 89 AmCrysS 1st pf(6) 31 Am Encaus 615 Am & Forelgn 25 Am & For Pw $6 pf- 29% Am & For Pw 37 pf. 12 Am & For Pw 2d pf. 18 Am Hawailan (1) 54 Am Hide & Leather. 32% Am Hide & L pf (3). 37 Am Home Pr (2.40). 2% Amice. . ___ 9% Am [nternational 2314 Am Locomotive 2L Am Mach&Fdry (). 10 Am Mch&Met as0c- 27 Am Metal 715 Am Power & Light. 36% Am Pwr&Lt pf (5). 43 Am Pwr&Lt pf (6). 245 29 &4 64% 28l 5% 33 128% 19 b4% 89% 59% 125% 103 1% 2874 28% 9% 63 136 150'3 133, 32% 32 5 ‘ 2 1 12 % 30s 12 9 24% 1% 4“ 134 Tk 82l 8 23% 1581y 23% Am Rolling M(1 20) 36 Am Safety Rn (2). 18 Am Sealing__.-—-. 25% Am Shipbldg (2) - 56% Am Smelt&Ref (2). 57'a Am Snuff (13) .. 2015 Am Stee! Foundry_. 1'30 107'; Am StiFy pf $2% 36 24% Am Stores (2) 63% 48% Am Sugar (2) 129 Am Sugar pf (7). 20% Am Sumatra Tob t1 x llSn Am Tel & Teleg (9) 1024 Am Tobacco (5)... 104 Am Tobacco B (5) 15'3 Am Type Founders. 27% 19's Am Wat Wksa20c. 11'3 7% Am Woolen % 523 Am Woolen pf(33)_ 3, Am Writ Paper (d). 4's Am Writ Pap pt (d) 3% Am Zinc & Lead. .. 28 Anaconda Cop (1)-. 35 Anaconda Wire(2). 15'; Anchor Cap (60c) 97 Anchor Cap pf(6%) 9 Andes Copper 37 Archer-Dan-Mally 110'; 105'¢ Armour Del pf (7). T4% 4% Armour (lllinois) . 415 83 1878 1074 124 40 108'3 bin IG!‘ 14% 28 32% 126% b4 89% 59% 1254 102 10% 28% 28% 99% N 23% 11 43 1213 1 82 23 158'3 41 7 18%, 107% 11% 40 108 5% T+4++ 0+ 0+ 1++00+010 84 627 15 221 1093, 881, 106% 447, 294 467 354 115 73 1264 301 54k% 10t 461 % 66t Arm’r(111)pr pt (6). 47Y% Armstrong C (1%). 71 Arnold Const (50c). 8! Artloom Corp 123, Asso Dry Goods _. 103 Asso DG 1st pf 39 59 Atch To& S Fea2 _ 90% Atch To&S Fe pf(5) 21% Atlantic Coast Line 11 AtIGulf& W Ind 13% Atl Gulf&W Ind pf. 26% Atlantic Ref (1).__. 109 Atlantic Ref pf (4). 48 Atlas Powder (12) 112 Atlas Powder ot (6) 14 Atlas Tack (850¢)-- 26% Auburn Auto _. 5% Austin Nichols _ _ 29% Austin Nichols pf A 4% Aviation Corp (Del) 215 Baldwin Loco (4) 2913 Baldwin Loco pf(d) %, Baldwin Lo asd(d). 33% Baldw L pfasd(d).. 157 Baltimore & Ohfo . 1 Baltimore & Oh pf 110% Bang & Aroos pf(7) 13% Barker Brothers... 82'% Barker Brospf ___ 14'a Barnsdall O1l (80¢) x 16% Bayuk Cigars (75¢) 18 Beatrice Cream (1) 100 Beatrice pf ww (5). 85 ech-Nut P (13) 134 Belding-Hem (1) _ 83 Belg NR pt pf(3.24) 21% Bendix Aviat'n (al) 20 Beneficial L (11%). 48 Best & Co (12) 45% Beth Steel 16% Beth St1 6% pf(1) 1071 Bethlehe Stl pf(7). 4 32 Bigelow-San (1) 31% 6314 10013 45 32% 8314 1% 33, 187% 647 50% 584 124 51t 561 65% l7‘n 178 1414 Blaw-Knox (60c 18% Bloomingdale(a6ic; 77% Blumenthal pt 16% BoeingrAlrplane. 41 Bohn Alum&Br (3) 80% Bon Ami A (4).____ 39 Bon Ami (B) (23%). 25% Borden Co (160) __. 64 Borg-Warner (13) 6 Boston & Maine 1'% Botany Min A (d) __ 12% Bridgp't Brass t40o 43% Briggs Mfg (12)_ _ 41 Bristol Myers (12)_ 40% Bklyn-Man Tr (4)_. 415 BKlvn & Queens 331 Bklyn & Qns pf($3). 4414 Bkiyn Un Gas (3)_ 45 Brown Shoe (3). 8% Brunswick-Balk 8% Bucyrus-Erle 3 115 107% Bucyrus-Erie pf(7) 16% 1% 115' 14 31% 48“: 9% Budd (EG) Mfg. . % Budd 2d pd. Oct 16 85 Budd (EG) Mfg pf. 8% Budd Wheel - 20% Bullard Co (a50c) 111 Bulova Watch ____. 25 Burr Ad Mch(160¢) 2% Bush Terminal (d). 8% Bush Term deb (d). 14% Bush T Bldgs pf(d). 2% Butte Copper&Zinc 16'% Byers (AM) ... 544 Byers (A M) pf 22 Byron Jackson t1.. 30% California Pxg(1%) % Callahan Zinc 6 Calumet&Hec a50c. 30 Campbell Wy (t1)_. 10% Canada Dry G A___. 107 Canadian Pacifie .. 37 Cannon Mills (a2).. 12% Cap Adm (A) ab0c.. ‘riers & Gen 20c. 921 Case (J 1) Co 116 Case (J I) Co pf (7) pecord October 31. First Sales in New Bonds. First sales in the newly listed Po- §omac Electric Power 3'; per cent ‘Ponds took place on the Washington Btock Exchange today with two $1,000 and one $5,000 transfer at 104%5. American Security & Trust Co. bank stock was in demand at 251 and Potomac Electric Power 512 per cent preferred sold at 1123%. In turnovers of 50, 30 and 10 share fots, Mergenthaler Linotype changed ownership at the strong price of 5112. Capital Traction 5s sold at 91%. It was announced that the exchange fwill be closed next Monday, Columbus day, when the New York Stock Ex- change is also closed. Bond dealers here are looking for the huge American Telephone & Tele- graph bond issue to be placed on the market some time next week. Several different firms will offer the bonds to Capital ipvestors. Mergenthaler Linotype stock sold on the Boston Exchange yesterday' at 51%. a new high mark for several 54% Caterpillar Trac(2) 21% Celanese Corp a50c. 19 Celotex Coro 54 Celotex Corp pf(35) 25% Cent Aguire (t13). 35 Central RROfNJ. 613 Century Rib Mills_. 47% Cerro de Pasco (4)_ 8l Certain-teed Prod... 5715 Certain-teed 6% pf- 19 Champ Pap&F (1). 22% Checker Cab Mfg.. 59 Chesapeake Corp(: 51 Ches & Oblo (2.80) 2% Chi & East Ill pf(d) l% Chi Grt West (4) .. Chi Grt W pf (d)_. slx.f 2m cm Mati Ord(+1%). 2% 5% 4% 12% lonial Beacon.... 100s 38% 28'6 8% Colon con. Ay m “ 1% Chi Mil St P&P (d). 2% Chi M ll P&P of () R 1 RIEP §% of 1d) Chi Yellow Cab (2). 1% Chlehl.h Cot Ol 7 Childs Co 85'% Chrysler (a6%).... 15% City lce & Fuel (2). 72% City Ice&F of (6%) 4% City Stores 23% Clark Equip (1.20) 33 Clev Graph Br (2) .. 48 Cluett Peabody (1)~ 84 Coca-Cola (2) 13 cmxuo-r-r (50} P pf (6 39% Collins & Alk 13 3% Colo Fuel & Ir (d).. 9% 20y 108y 108!, 19 824 80% 6 1043 1043, 20 43% 42% 1508 28 27 6 45 44'; 17 28% 28y 20% 86 35% 34u 2 6 6% 60s 38 38 10 5% 5 12 3% 3% 2 60% 60 T 34 3%, 6 61 60 22 26% 25 12 40'; 393 508 111% 111% 30 2215 20% 80s 108'; 108% 32 19%; 19% 2 18 174% 3 23u 23y 1 101% 101% 9y 29% 30s 108 5 4 108 210s 12 e 1 30s 13 4 6208 4 3 4 13 13% 51% 16% 16 8% 8 4 162, 159 2308 135" 182% 7. 84 19 26% 10 31% 84 29 47h ER AR ad RN AR A & 4 sErresPessssrsess Net Add 00. lllh. m Close. Chge. (RARE SR s years and just a little higher than “ 23% Colo F'& 1 pt-¢4).. 1208 l“l!‘: 3: 85!60- !i Tecent sales in Wlmw: 39% 28% Col Fuel & Ir (vew) u High. 864 21% Colo & Southern... [ 114 Prev. 119% 447 109 Th 8% 15% 11% 1% 4% 26% 19% 2% 102% 8T% 167‘¢ 133 115, 97 185 166 39% 1314 47 150 49 434 4% 71 70 123 72% 1228, 10% 110 6% 50 118% 3% 43 54 6315 274 36% 18% 90 204 887 55% 55 T% 10% 21% 254 79% 31% 104 124 96 4% 11% 129\5 48 17 115 80 44% 116 1% 37% 115 4 !C'I n? 2:15 p.m. 1936 Stock and 19% Colo & South 1st pf 14 ColumbG & Ead0c. 31 Colum Pict vie (11) 42% Colum Picevpf 2%, 44 Comcl Credit (14)-. 100% Comcl Credit pf 4. 55 Comcl Invat Tr (£). 14% Comecl Solv (60¢c) ... 2% Comw & Southern.. 59% Comw & Sou pf (3). 7 Conde Nast Pub.. 20% Congoleum-N(1.! 60 16 Congress Cigar (a2) 15 ConnR& L pfo--.- 8 Consol Cigar .. 72% Con C pr pf ww 6%. 65% Consol Cigar pf (7) 27% Consol Edison (2).. 102 Consol Ed NY pr(5) 4% Consol Film __ 15% Cons Film pf a1 3% Consol Laundries... 11% Consol Oil (160c) 5'% ConsolR R Cuba pf. 3 Consol Textilé (d). 2 Cons Coal (Del)vto. 15% Container Corp (1), 108 Contl Baking (A)... 1% Contl ing (B) .. 67% Contl Baking pf (8). 67% Contl Can (3) . . 17% Contl Dia "lbrl(l). 35% Contl Insur (11.20). 214 Contl Motors 281 Cont Oil of Del(t1). 27 Contl Steel (2)_.... 55% Corn Ex BK&TT (3). 63% Corn Prod Ref (3).. 4 Coty Inc 35 Cream of Wh (2)._. 15% Crosley Rad (a50¢). 43% Crown C& S (2) __. 46% Crwn C&S pf ww 2% 467 Crown C & S pf xw_ 7% Crown Zelleb'k vic.. 28 Crucible Steel..... 1% Cuba Co . 614 Cuban-Am Sugar._. 6313 Cuban Am Sug pf_— 35'3 Cudahy Pkg (2%)_. 167 Curtis Publishing . 99'3 Curtis Pub pf (7). 4 Curtiss Wright____. 10% Curtiss Wright (A) 59 Cushmans pf (3%). Sons pf _. 431 Cutler-Hammer t1. ’IH Davega Stores t3bc. Deere & Co Deere & Co pf 21. 40, Deisel-Wem-G (11) Delaware & Hudson Del Lack & West_. _ Den&Rio GW pf (d) Devoe&Rey (A) (2) Diamond Mteh t1% Dia Match pf t1% . Dist Corp Seag Ltd. Dixie Vortex (113). Dome Mines (12) .. Dominion Stores _. Douxlass Atrcraft.. Dresser A (bl13) Dresser Mfg B__ Dunhtll Internat Duplan Silk (1) Du Pont de N 13.60 Du Pont deb (6) Duquesne Lt 1st (5) Eastern Roll Mills_ Eastman Kod (15) Eastman Kod pf(6) Eaton Mfg (2) Eitington-Schild Elec Auto Lite (a2) Elec Auto L pf (7). Electric Boat ___ Elec&Mus In(b24c) Elec Pw & Lt Elec Pw & Lt $6 pf_ Elec Pw & Lt $7 pf_ Elec Stor Bat (12)_ Flk Horn Coal (d) _ Eng Public Service. Eng PS$5pf (110). EPS$5.50 ww 111 5% Equit Office Ba20c. 11 ErieRR - 16 Erie RR 1stpf 11% Erfe R R 2d pf_ 12 Eureka Vae C (80¢) 23'% Evans Products (1) 2%, Fatrbanks Co 813 Fairbanks Co pf 34% Fairb'ks-Morse(t1) 31% Fajardo Sugar (2).. 18% Federal Lt & Trac . 84 Fed Lt & Trpf (6). 37 Fed Min & Smelter 6974 Fed Min & Smelt pf. 7% Federal Mot Tr 40c. 3 Fed Screw Works _ 2145 Fed Water Sve (A). 20% Fed'd Dept St 11.40 38 Fid Phoe F I (11.20) 110 Filene's S pf (612) . 24% Firest T&R (ad0e) - 40 First Nat Strs (2%) 30! Flintkote Co (1).__ 37x Follansbee Bros (d) 32 Food Machine (1) _ 106 Food Mach pf(4%3). 244 Fost Wheeler new 95% Foster-Wheeler pf 30t Fourth Nat 1a1.45_ 2315 Freeport-Texas (1) 31'% Fuller Co2d of 3% Gabriel Co (A) 11'; Gamewell Co 8'3 Gen Am Inve: 97 Gen Am Inv pf (6)_. 42Y Gen Am Trans1% . 21 Gen Asphalt (b25¢c) 10% Gen Baking (tfioe)_ 7 Gen Bronze 5% Gen Cable 17 Gen Cable A_. 52 Gen Cigar (t4) 140 Gen Cigar pf (T 3415 Gen Electric (1) . 33% Gen Foods (1.80) 7» Gen Gas & Elec ( 14 Gen G&E 6%cv pfA B8 Gen Mills (3) . 117 Gen Mills pf (6) .. 53% Gen Motors (12). .. 118 Gen Motors pf (5)-. 5% Gen Outdoors Adv 105 Gen Print Ink pf(6) 3'% Gen Pub Service __ 3215 Gen Ry Signal (1).. 106 Gen Ry Sig pf (6) 2 Gen Realty & Uti 26% Gen Real&U of w (al%). 32% Gen Sti Casting pf 17 Gen Theatre Equip. 30% Gen Time Inv (1).__. 13% Gillette Saf Raz (1) %0 Gillette SR pf (5)- 6% Gimbel Bros 86% Gimbel Bros pf ). 39% Glidden Co (2) .. 52% Glidden cv pf(2%). 3% Gobel (Adolf) 6% Goebel Brew (t20¢) 12% Gold Dust vte (60¢c) 13% Goodrich (B F) 74 G’drich (BF)Df n(5) 21% Goodyear T 129 1114 51 156 152 281 5% 308 110% 10 Bl 77 Goth Silk Hpf (7). x Wg 2 Graham-Paige ___ 1% Granby (2d stpd)__ 313 Grand Union ctfs.__. 16 Grand Un pf $87%e¢. 2414 Granite City Stl (1) 2815 Grant (W T) (1.40) 32% Grt Northern 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. 9% Guif Mobile & N.._. 30% Gulf Moblle & N nt. 105 Gulf Sta Stl1st 121. 30 Hackensack W(1%) 33 Hack WpfA(1%). 6 Hall(WF)Printing. 14 Hamilton Watch _. 303% Harbison Walk(2)._ 12 Hat Corp of Am (A) IM% El!Cpr" (GIA)- Body - i26 58% Hershey Choo (§).. 30% Holland Furnace... 108 Holland Furn pf(§) 9 Holiander (t50e)... 19% Holly Sugar (12) 108 Holly Sugar pf ( % 39% Houd-Hersh(A)2l4. 22% Houd-Her (B) t1%. 54% House Fin A (13)._. 6% Houston Oll vte 48% Howe Sound (*! 3% Hudson & Manhat.. 18% Hudson Motor Car. 1 Hupp Motors. 18% Illinotis Central..._ 30 Illinois Cent pf (A) 58 Il Cent Ise lines (4) m llfllln Rcflnln o us Rayon ( 10' mfl-md(fl) 88% Inland Steel (3).. Bales— Low. Dividend Rate. Add 00. High. Net Low. Close. Chge. | High. ZGVQ + %| 13% % !mfi + % 508 28% 00: - 34 18% 5% 15% 5% 41 185% 160 57% 63 15 674 3% 68 FFEEFE I+ #0011+ 9% 8% bav 29% 26% 75'% 19% 26% ml'u +i4¢¥l FEEF FIFEE FF T++1++1 4+ FEFIEST o & 47‘5 110“- 101 169 R ey B 45 13 2613 151 5114 - [ " N DB NN D =S Prev. 1936 1z 107 . » 43 Stock and Low. 6% Inspiration Copper. 5% Ins Sh Md cfsa20c. 11% Interboro Rap T(d) 2% Intercontl Rubber.. 9% I[nterlake Iron..... 2% [nt Agricultural.... 22% Int Agricul pr pf.... Int Bus Mach (16) 35% Int Cement u)._-_. 2% Int Hydro Elec (A) 4% Int Mercantile Mar. 43% Intl Nickel (1.40)_.. 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C) 20 Int Paper {: Pw pf_. Int Print Ink pf(6). 3% Int Ry Cent Amer 3 Int Ry Cent Am vto 19% Int Rwy Cent A pf_ 23 IntSalt (1%).cce-. 15 IntSllver. _.oceeoo 50 Int Silver Df ——— 11% Int Tel & Tel 10% Interstate D S a50c. 82 Int Dept Strs pf(7). 24% I[sland Creek (2)... 126 113 Island Creek of (6). 58'% Jewel Tea (14)____. 88 Johns-Manville t2_ 75% Jones&Laugh 7% of 39% Kalamazoo S (1) .. 13 Kans City Southern 19% Kans City South pf. 17 Kaufman Dep 8 (1) 20 Kelsey-Hayes (A)._. 18 Kelsey-Hayes (B).. 14% Kelvinator (150¢) .. 28% Kennecott C (1.20) 17% Keystone S&W (2). 3% Kinnew(G R) Co.. 30 Kinney (G R) pf_. 20% Kresge (S S) (11) Kresge (S S)pf(7). 35% Kress(SH&Co(i1)_ 19% Kroger G&B (1.60). 201 Laclede Gas (St L) 32 Laclede Gas St L pt 15% Lambert Co (2) _ 12 Lee Rub&Tire(50c) 15'% Lehigh Port Cmt t1. 94'3 Lehigh Por C pt (4) 2 Lehigh Valley Coal. 9% Lehigh Val Coal pf. 83 Lehigh Valley R R 89 Lehman Corp (13) . 12 Lehn & Fink (1% 387's Lerner Stores (12) 7 Libby McNeill & L 47% Libby-Ow Gl(a2%) 25 LifeSaver (1.60) . 97% Ligg&Myers B (14). 160% Ligg&Myers pf (7). Lily Tulip Cup(1%) % Lima Locomotive. Link Belt (11.20) __. 14 Liquid Carb(1.60).. Loew's Ino (12) 2 Loftinc 3% Long Bell Lum (A). 397y Loose-Wiles (2). ... 6 10% 6 Net Low. Close. Ohge. | High. IM 10% + %| 67% 88 13% 18 3% 19% 13% 41% 3% 31 1112 170 171 19 57% 12 88Y% 1 150% 160% 17 5 2 6% 33 62% 65 14% 16 6% 21 34 59 64% 110 80 105 2308 9% 6408 58% 1 27 29 6% 12% 26% 90! 103's % 119% 290s 119% 4615 22% 44 27 107 Loose-Wiles pf (5).. 21% Lorillard (P)(1.20) 142 Lorillard (P) pf(7) 13 La O1l Ref pf (d) _. 20 Louisv GEEDfA 1% 5715 Lou & Nash (a4%). 221 Ludlum Steel (1) 29 McCall Corp (2) .. 1214 McCrory Stores ___ 16 McGraw Hill Pub _ 38'4 Mcintyre Porcu (2) 85 McKeesptT P (14) 8% McKesson & Rob 37% McKess&Rob pf(3) 11; McLellan Strs a20¢. 27% Mack Truck (1) 40'« Macy (R H) Co (2). 34'3 Magma Copper (2). 1% Manati Sugar (d) .- 74 Manati Sug pf (d) - 7 Mandel Bros 14% Man Ei md gtd (d). 17's Manbat Shirt (60c). 24 Maracatibo Ofl Exp. 813 Marine M1dld (40c) 18% Market St Ry pr pf 11'a Marshall Field & Co 61; Martin Parry 2715 Mathieson Alk 1% 1537, Mathieson pf A (7) 64'5 43 May Dept Stra (2)_ 55 46 Maytag pf ww (3)_ 110': 103 Maytag 1st pf (6) = 19 123, Mead Corp 89% 55' Melville Shoe (5) 67 Mengel Co 50 Mengel Co pf - 405 Mesia Mach (a3%). 5% Miami Copper 1714 Mid-Contl Pet a40c. 21% Mid Stl Prod (a2?) . 65 Minn-Hon Ros 11%. 615 Minn Moline Pwr 57% Minn Moline Pwr pf % Minn & St L (d) 1% M St P&S S Mari 16% Mission Corp 5'2 Mo Kans & Texas. 14'2 Mo Kans & Tex pf_. 2% Missour! Pacificid). 37 Mo Pacific pf (d) . 197 Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg’y Ward 80c... 3, Mother Lode . 28% Motor Prod (12)._.. 15 Motor Wheel (1) ___ 11% Mullins Mfg (B) __ 70 Mullins Mfg pf (7). 21 Munsingwear a2%_ 44 Murphy G C (1.60)- 14 Murray Cord 43 15 1+ + 4v+l| —re PONNE D IR Da ® 23 H = k9 AR AR R 0 FEE 38% _ 28% Nat Biscuit-(1 60y, 164 153 Nat Biscuit pf (7). 2114 Nat Cash Reg (60¢c) Dairy P (1.20) . | = 25% Nat Distillers 26% Nat Lead (150¢c) 158 Nat Lead pf A (7 137% Nat Lead pf B (6)_- 9% Nat Pwr & Lt (60¢) 15 Nat Ry Mex 2d pf_. 57% Nat Steel (1%) 197 Nat Supply Co.. 7% Nat Tea (60c) 10% Natomas (t80¢) .. 41 Newberry (JJ) 2.40 9 Newport Industries 32% N Y Alrbrake a50. 27% N Y Central R R 17% N Y Chicago & St L. 364 NYChi&StLpf.. 3% N Y Dock._ 10% N Y Dock pf_ 150 119 N Y & Harlem /5) 1 N Y Investors (d).. YNH&H () . NH & Hpf (d)-. Ryspf (d).___. Shipbullding -. Shipbldg pf(7). 31% 168 144 14% 1% T5' 691y 1% 13% 59% 16% 67% & & 3 N % NY 2nNY 9% NY 57 NY 83 N Y Steam pf (6) _. 93% N Y Steam 1st (7) .. 1% Norfolk Southn (d). 300 210 Norfolk & W (18) . 10% 6% North Am Aviation. 23% North Am Co (1) 52% North Am Co pf (3) 237 Northern Pacific .. 50 Northwest Tel (3).. 12% Ohto Ofl (50¢) .. 24% Oliver Farm Equip. 17 Omnibus Corp vtc.. 8 Oppenheim Collins_ 24% Otis Elevator (60c). 1215 Otis Steer ____ = 70 Otis Steel pr p! 47 Outlet Co (12) lGl 128 Owens-1l Glass (5) 13 Pac Am Fisher (1). 314 Pacific Coast 8% Paclfic Coast 1st.. 4% Pacific Coast 2d_. 30% PacificG & E (1%) 47% Pac Light (12.40) Pacific Mills 11% Pacific W'n Ol b2Se 6% Packard Mot(a25ec). 12% Pan American Petr. 18% Panhandlé P&R pf. 67 Paraffine Co (12)... 7% Paramount Pict.... 59 Paramount 1stpf.. 8% Paramount P 2d pf. 17% Park & Tilford 24 Park Utah 40% Parke Davis ) 23 Parker Rust P1%.. 4% Parmelee Transp't.. 65 Pathe Film Corp_—— 10% Patino Mines = 1% Peerless Motor 4% reerlessrts Oct. 26. 60 Penick & Ford (3) . 69 Penney(JC) (a2%). 3% Penn Coal & Coke ... 413 Penn Dixie C;l‘nent. Fressd 8 Faress A 16% 16% + 107 108% +1% 6% - l!fli 36% 'fm 6612 66% + % 39% 40% + % 109 110% +1% :lli 3%+ % 20 37 37 37 17 2 131% 130 130 -2 28% 41 Penn (AL116 114% 14% + % 49% 30 Pm 30s 408 100 10s 103 1 2 5 302 1 3508 808 57% 87% 57% + % lfll% 8Kl + 4| 49% 150% + % 9% 40— W 17 2% 3% 12% 13 85% 3 21 95 100%; 41% G% 1% 13% 5% 3% 62% 110 SH 554 27 26% T4% 12'3 2% 17% 26% 23% 9% 3% 124 5% 44y 49 49% 113 130 25% 103t 294% 122! 87 119 16% R E s 58% 35 1% 35'3 112 1141 31 3% [(REE X +|¢ B I o e I o I o A S I 5 F; &5 141444+ 1 ¥ ) s & £ 14+ + FEPE ¥ SeE & I+1+ + 4 b4 - FEFF I+1+ +++1 EEFE i L | +'I_ &8 FF 103 103 & FEEEF 299 302 ™ 33 55'% s ‘ II++ +++10 o 1494 100 FEFRFFFFEE EF 118% IZ% Prev. 1036 2:15 p.m. Stock and Low. Dividend Rate. 38 Peoples GasChi. . 56 Pere Marquette pf_. 12% Pet C'p of Am ab0c.. 10% Pfeiffer Brew (1.20) 25% Phelps Dodze a75¢0. 3% Phila Rap Tr (d) 8% Phila Rap Tr pt ( 1% Phila& Read C& 1. 66 Phillip Morris (3)_. 38% Phillips Petrol (t1) 5% Phoenix Hosiery... 8 Plerce Oil pf - 1% Plerce Petroleum . 29% Pilisbury FI (1.60). T Pitts Coal .. Tis Pitts Screw al2 he. 49 Pitts Steel pf 1% Pitts Term Coal. 14 Pitts Term Coal pf. 3 Pitts United Cofd.. 58% Pitts United C pf... 21 Pitts& W Va. 1% Pittston Co 11% Plymouth Oi1 20 Pond Creek Poc (2). 12 Poor&Co (B). ... 4% Porto R Am Tob A.. 1% Porto R Am Tob B .. 6% Postal Tel&C pf (d) 2% Pressed Stl Car (d). 18 Pressed Stl C pf (d) 40% Proctor & Gam t1% 39 PubSveNJ (2.40). 103! Pub Sve N J pf (5). 113% Pub Sve N J pf (6). 367 Pullman Inc (1%).. 16 PureOil .. 91Y% Pure O11 6% D! 954 Purity Bakeries 400 16'% Quaker Sta Ref 80c. 93, Radlo Corp - 6815 Radio Corp pf A 8% 5 Radio-Kelth-Or (d) 11 R RSec[llCent __. 287 Raybestos-M (1%). 35% Reading (2) 9% Real Silk Hosiery .. 17 Reis (Robt) .__. 12% Rels (Robt) 1st pf. 121 Rellable Stores __ 17 Rand (160c) _ 19% R'm-R56% prpf 1% 77 Rem-Rand pf (6)-.. 4% Reo Motor Car 167 Repubiic Steel ____ 77 Republic Steel pf Stl prof A (6 50 Reynolds Tob B (3) 19'; Ritter Dental . 74% Ruberoid Co (1) 27 Safeway Stores (2) 110% Safew: 22 St Josepr Ld (80c). 1!z St L-San Fran (d).. 2% St L-San Fr pf (4). 7% St L Southw'n (d) . 18 StL Sownpf (d)_.. 11 Savage Arms 37% Schenley Distill (3) 971 Schenley D pf (533) 1%, Schulte R Strs (d) _. 7% Schulte R S pf (d)_ 53!3 Scott Paper (2) .. 7 Seaboard Alr L (d). 2 Seaboard A L pf(d) 301 Seaboard Of1 (1) 31 Seagrave Corp . 59% Sears Roebuck ( 61% Sec Nat Inv pf $2.90 15% Servel. Inc (60c) .. 20% Sharon Steel Hoop 89 Sharon Stl H pf (5) 4% Sharpe & Dohme __ 43« Sharp & D pf (3%). 11'» Shattuck F G (50c) 14% Shell Unton Ofl 110'1 Shell Un Ofl pf 5% . 8%, Silver King (60c)__ 19% Simmons Co (a50¢) 3!; Simms Petrol .. 19'; Skelly O11 65% Sloss-Sheff pf(a3l 40% Smith (A O) ... 21 Snider Packing 123 Socony-Vac O (50¢c) 3% So Am G & P(a20c) 26 South Port S (f2) 25 South Cal Ed (1%) 2315 Southern Pacific __ 123 Southern Railway 19 Southern Ry pf . 6% Spalding (A G) 63'% Spalding(AG)1st pf 5% Sparks- Withington 673 Spear & Co 29% Spencer Kell (1.60) 157 Sperry C'p vte (al). 13% Spicer Mfg . ... 44 Spicer Mfg pf (3) - 63 Splegel-May-S (3) 21% Square D(B)aé2%c 14%, Stand Brands (80c) 1207 Stand Brands pf(7) 9% Stand Com Tobacco 5% Stand Gas & El (4) 9'5 Stand G&E $4 pf (d) 24% Stand G&E $6 pf(d) 26% Stand G&E 87 pf (d) 35 Stand O of Cal (11) 32% Stand Oflof Ind t1. 25 Stand Oil of Kans__ 51% Stand Oflof N J (11 24% Starrett(L S)11.40_ 65 Sterling Prod (3.80) 2% Sterling Secur (A) - 8'a Sterling Secur pf__. 16'5 Stew-Warner tilc.. 14% Stone & Webster. 9% Studebaker Corp._. 72 SunOfl (11) 27 Superheater (80c. 3 Superior Ol _ 9% Surerior Ste 23 Sutherlad Pap t1. 20% Swift & Co (1) - 28% Swift Intl Ltd (2 1% Symington (d) - 5% Symington A (d)__. 6% Telautograph (60c). 5% Tennessee Corp 28% Texas Corp'n (11).. 33 Texas Gulf Sul (2). 28 Texas&PacRR _. 7% Tex Pac C & O a25c. 9% Tex Pac Land Trust 33% Thatcher (1) __. 85 The Fair pt (7) 8'% Thermotd Co. 3% Third Avenue._ 8% Thomp'n(JR)(50c). 24% Thomp'n Prod aé0c. 47 Thompson Starrett. +26 Thompson Star pf__ 14% Tide W Ass0 O 60c_ 50 Tide Water Oilal 12% Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 14% Trans & Westn Air. 10% Transue &W (160¢c). T Tri-Cont Corp a25c. 4% Truax-Tra Coal.... 7Tia Truscon Steel 2215 20th Cent Fox (ai)- 313, 20th Cent F pf 134_ 8% TwinCity RT. 65! TwinCity R T pf.. 273 Ulen & Co < 74% Und-Ell-Fisher (3) 38% Union Bag&Pap (2) 1% Union Carb&C 2.80. 20% Union Oll of Cal (1) 1083 Union Pacific (6) ... 90'% Union Pacific pf (4) 20% United Afrcraft. .. 13 United Afr Line vtc 1% Utd Air L rts Oct29. 163 United Am Bosch 24% United Bisc (1.60). 112 United Bise pf (7) 68 United Carbon (3) 22% Unit-Carr Fast (2). 5% United Corp ... 40% United Corp of (3) 10% United Drug (a50c) 93 United Dyew pf (7) 4 United Elec Coal... 82% Unit Eng & F (2)-. 66%% United Fruit (3)_. 14% United Gas Imp (1) 109 United G Imp pf (5) 6% Un‘ted Paperb’d(d) 2 U S Distributing.. 10 U 8 Distributing of. 18 US& Forn Secur.. 244 U S Freight (1) ... 80% U 8 Gypsum (2).. 8% U 8 Hoffman 49 U S Hoffman pf 2% 31% U S Indus Alcohol. 10% U S Leather A vte. 71 US Leath pr pf vte. ZNCUA S Fy(1%). & Imp.. Rubber 18t pf Smelting (a10). Sm&R pf (3%). Bales— Add 00. High. Low. Close. Chn -3 7 56% 1 26 24 24 208 2008 2 28 4508 22 1408 1308 2 1 1 5 4 1 8 8 64 14 Crablanman © o ® 2 37 2 3 2 110s GUs 14 9 24 208 16 14 98 14 8 18 12 1 59 2.. 120| 10 2 13 5 2z 3 4674 13+ 14% 308 13 6 81 J lll\ 3 12% 110! lbh 2 18% 18%. 18% + 4 2 3 3 101% 101% 101% 7 17% 16% 16% 54 11 % W 10 ldlK 140% 140% - % 15 6% 55 86 14% 10% 31 53% 36% 5 12% 96% 51% 10% 37% 89 85 2% 6% Net 55 86 4% + % 1% + % ||l41'0r+ 1 3 b i3 I++ p 1. | ginia-Carolina = | States Rubber, CTIONS ON THE NEW YORK STOCK EXCHANGE|SICKS ADVANCE 2:15 p.m. Bales— Dividend Rate. Add 00. High. ON BROAD FRONT Gain Fractions to Two or More Points—Steels Join Upturn. Stock Averages b’s‘ “llll. J'-IY Stkr 4 +.3 Net change. + Today, noon 94.3 42,3 5!.3 939 420 53.0 Prev. day... Month ago. 90.6 410 52.8 Year ago... 68.6 234 375 1936 high... 93.9 1936 1OW.... 734 1935 high... 76.3 1935 10W.... 495 1932 10W.... 175 1929 high...146.9 153.9 184. 3151 1927 low.... 516 953 618 618 (Complied by the Assoctated Press.) 302 312 185 BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, October 9 —Shakinj off profit-taking in its stride, th stock market today thrust through i new five-year top for its fifth con. secutive session. Gains of fractions to 2 or mor points were widely distributed, wit} steels, laggard most of the day, com ing up briskly in the final hour Motor, merchandising, oil, rail anc specialty issues were out in front Transfers were around 2,200,00¢ shares. The list took nourishment from business and industrial news ancss failed to show a great deal of concerr over the cloudier European situation | At the same time the cutcome of Russia’s ultimatum to the powers or Spain was being watched closely, " An accelerated buying demand put | the ticker tape behind for a while following the opening, when Socony Vacuum ran up & point on a single | sale of 24,000 shares. Other large + | blocks of low-priced issues also were | traded rapidly. ‘The cashing in of gains, while not | especially urgent, tended to slow the | pace later. » On the upside were United States Steel, Bethlehem, Youngstown Sheet & Tube, General Motors, Auburn, Waukesha Motors, Hercules, Mont- gomery Ward, Sears Roebuck, Amer- ican Smelting, American Can, Con- tinental Can, Allied Chemical, Vir- Chemical, United Standard Brands, | Allis-Chalmers, Loew’s, Gillette, New. L ‘ port Industries, ¥ Hollander ing “A". | Higher most of the day were Stand- ard Oil of New Jersey, Seaboard Ol Standard Oil of Indiana, Anaconda, Greyhound Corp, and Continental Bak- * Kennecott, Consolidated Edison, Co- | lumbia Gas, Goodyear, Gimble, Wool- w| worth, Allied Stores, Warner Bros., | Paramount and Eitingon Schild. 3+ | International =1%| P+ % W AR L i o B 4 83% + % .« 49% + Y| 101 +1'n 28% — % 139 +1 97 — 4% 24% — % 15‘4 -% 31!) +25 31 -3 = 54 + % !Z-)i-i—% 126 + % Backward were J. I. Case, Deere, Harvester, American Telephone, Western Union, North 5» | American and Johns-Manville. CHICAGO GRAIN By the Associated Press. CHICAGO, October 9.—Spectacular advances late today in the soy bean market greatly surpassed upturns of quotations for other grains. Contracts for May delivery of soy beans skyrocketed four cents to $1.271 vy | for May delivery and $1.25%; for De- cember, up the extreme limit allowed for any 24-hour period. Rainy weather that has been per- sistently hampering the threshing and p shipment of the beans was largely | responsible. Buying orders from proce essors and others found offerings ex- tremely scarce. Soy beans closed nervous, 3% to 353 net higher; December, 1.247g; May, 1.2675: wheat, 3 to 1 up: De- cember, 1.15a1.15':: May, 1.13%a 1.13'2; corm, 1%;al': advanced; De cember, 96!4a96%; May, 913a91'3 | oats, 35 higher, and provisions un- changed to a rise of '1 cents. . Hige. low T30y 115%a 1740 1 113% 1138 111 Ny W0 424 301 K2ty R0%a 3 S5 Chlel‘o Cuh Markzt. Cash wheat—No. 1 hard, 122%; No. 2 hard, 1.18, 2 per cent rye; No. 4 mixed, 1.17%; sample grade mixed, 115. Corn, old crop, No. 1 yellow, 1.09a1.09%; No. 2 yellow, 1.09a1.09¢ No. 3 yellow, 1.09a1.09 No. 4 yel- low, 1.08; No. 5 yellow, 1.06%; sam- ple grade, 1.04; No. 4 white, 1.20; new crop, No. 4 yellow, 99%; No. 5 yellow, 7y 96; No. 5 white, 1.01. Oats, No. 1 | white, 4512a4534: No. 2 white, 43!a | 4412; No. 3 white, 43%4; No. 4 white, 43; sample grade, 40%,a413,. Soy beans, outside weight, No. 2 yellow, | 1.25; no rye; barley, feed, 74a85 nom- inal; malting, 1.12a1.47 nominal; tim- othy seed, 5.50a5.75 hundredweight; new, 5.25a5.50; clover seed, 18.00a 25.00 hundredweight. uveru.l Wheat Prices. LOOL. October 9 UP.—Wheat fu- lul’!l closed firm. High, Low. Prev, Close. Close. Vs 1.21 Exchange, 4.90. Baltimore n-onlhu BALTIMORE Octo () —Wheat, ber 9 No Win arlicky, estic, 937, Féd tinter. garlicky, spor domesti wn--m- Prices, (D—C!lln U prey. 107 .00% 1.10%-% 1.09-00% AU 4% 44% FOREIGN EXCHANGES. YOI October —Forei e mlxofl. Great Britain in aoliats: nnmn demlnd 4.90%: nblu 6 bl 9 9% h range at nrln:sul arets. e A’ Dec..... 45% NEW excha the; 6% — W Austria. Hu lulunls, 0.78: Ar ntina. 327 78%n: mlo. l A :!l