Evening Star Newspaper, October 15, 1936, Page 22

A—22 ¥x# FINANCIAL, THE EVENING STAR, WASHINGTON, D. C, THURSDAY, OCTOBER 15, 1936. FINANCIAL. L D.CSTORESALES ITRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ST0CKS IRRFGULAR . NEAR 1929 LEVELS< Rate of Gain Since 1935 Census Shows New Peak Is Likely. BY EDWARD C. STONE. Retail sales in Washington have now climbed back practically to the record pre-depression figures of 1929. Possibly they may be a bit higher than in the memorable period just before the prosperity break. ‘The exhaustive business census re- port just published by the Depart- ment of Commerce, comparing the year 1935 with 1933, reveals a per- centage gain in sales in the National Capital of 36 per cent at the end of 1935, as compared with 1933, follow- ing a percentage drop of 28 per cent between 1929 and 1933. Figures showing the total volume of sales in Washington are even more interesting and valuable. The Com- merce Department reports that retail sales in 1929 totaled $336.262,000, dropped to $241,515,000 in 1933 and came back rapidly to $327,299,000 in 1935. This leaves a difference of less than $10,000.000 in the total sales in 1929 and 1935. While the Commerce report ends with 1935, other reports show that sales in the Capital have gone ahead steadily during the present year. The Federal Reserve Bank of Richmond announced a few days ago that de- partment store sales had gained 10.1 per cent in the first nine months of 1936 over the same period in 1935. While these figures are limited to de- partment stores only, the percentage gains for all sales in all stores run about the same. From this report it is evident that sales here have now bridged the gap | and reached 1929 levels. If nat, they will shortly, surely before the end of the year, predictions having already been freely made the Christmas holi- day trade this year will pass all for- mer records. The city has 6,427 stores, which appear to be facing a long period of new trade peaks. Wilder Broker Office Manager. W. C. Wilder, who with Gen. Rich- mond P. Davis, has been one of the co-managers of the Washington office of the New York Stock Exchange firm of Fenner & Beane, has taken entire | charge of the management of the | office here, it was stated in the finan- cial district today. As already noted, | Gen. Davis has joined the staff of Harriman & Keech. Mr. Wilder has been connected with the firm's office in the Capital since last January, and has been with | Fenner & Beane for the last 15 years. He was manager for 10 years of the | company’s office at Charlotte, N. C,, ! and for five years before that was | located at Columbia, S. C. He is a native of Georgia. | Mr. Wilder is enthusiastic over the market outlook. As long as business | reports continue as favorable as they | are now, he looks for a strong mar- | ket, regardless of the presidential campaign. He believes there is much | more political talk in the board rooms in Washington than anywhere eise in the United States, but when traders and investors place market commit- | ments, they base their action largely | on business and other economic con- | ditions. Bankers Will Visit Vault, Members of the safe deposit sec- tion of the District Bankers' Associa- | tion will pay a visit to the vault of | the American Security & Trust Ca.‘} tomorrow afternoon at 3:15 o'clock, | Chairman John F. Hillyard an-| nounced today. ’ The visit, arranged by the section’s | executive council, will give the mem- | bers a fine opportunity to inspect the \ unusually large vaults which the bank | has and also an opportunity to discuss | some problems in safe deposit service | with the equipment at hand. ‘The members will be accompanied by bank officials who are responsible far the operation of the safe deposit departments. It is the first time the section has held a meeting of this kind and a record attendance is an- ! ticipated. i $2,709,000 Paid for Busses. ! The total bill for new busses since the street car companies merged hsst now reached $2,709,000, equivalent to | 45,150,000 fares at an average of 6 cents each, a Capital Transit bulletin states. In the past three years pas- senger traffic has stepped up 88 per cent while total revenue from fares gained only 44 per cent. ©On school days 11,500 Washington school children ride the company’s cars and busses for 3 cents per ride, having the same transfer privileges as the 10-cent fare. In the past 12 months the Capital Transit Co. has | carried more than 220,000,000 passen- gers and at present is selling about 85,000 passes a week, The company has more than 3.800 employes and a monthly payroll of more than $528,000, the largest in the city outside of the government, the company says. New Bonds Offered Here. Bond dealers here are offering the few American Telephone & Telegraph 25-year 3% debentures, which were brought out today at 101 and accrued interest. It was predicted that the $150,000,000 issue offered to the public would be oversubscribed during the day. The entire issue is $175,000,000. The Atlantic Coast Line Railroad reports for the eight months ended August 31 earnings of $1.38 per share on common and & net income of $1,- 137,669, against a net loss of $1,171,- 889 in the like period in 1935. Building permits issued in Wash- ington in the first nine months of the current year were 51.4 per cent greater than the value of permits issued in the corresponding period in 1935, accord- irg to a survey just issued by Dun & Bradstreet. The whole. fifth district had a gain of over 43 per cent. Today's Trading on Exchange. Potomac Electric Powei 3% per ent bonds again sold at 104% on the Washington Stock Exchange today. Washington Railway & Electric 4s moved at 106%3. Potomac Power 6 per cent preferred stock came out at 110%2 and the 51 per cent preferred registered 112%. Mefgemhnler which sold yesterday at 6315, was quiet today, closing with 521, bid and 54 asked. It sold in Bos- ton Tuesday at 54. ‘Washington Gas Light stock is being quoted ex dividend, following declara- tion by the directors of the regular quarterly dividend of 90 cents per share. The bid today stood at 78. Public offering was made yester- gay by a banking group headed by Lazard Freres & Co., Inc, of New York of a new issue of $1,500,000 State of Maryland 23, per cent certificates of indebtedness maturing from 1839 to 1951, A By Private Wire Direct to The Star. 2:15 p.m. Bales— Add 00. High. Stock and A Dividend Rate. 9% Adams Exp (a20cy 17% Adams Millis(a13%4) 224 Address’graph(1 14 Advance Rumley._. 58 Alr Reduction (11). 2 Alr-Way Elec Appli 13 Alaska Jun (160c)_. 2% Alleg Corp (d) ... 12% Alleg pf w§30w (d). 1926 Allled Mills (lSDa). 6% Allled Stores 35% Allis-Chalm (1% ) - 19% Alpha Port Cmt (1) Amal Leather Amal Leath'r pf(6) Amerada Corp (2) Am Ag Chm Del(3) Am Bank Note (1) Am Bnk Note pf (3) Am Brake Shoe 1.60 13742 115% Am Can (14) ... 7 30 Am Car & Foundry. 57% Am Car & Fdry pf. 31 AmChain. .. ccnoo 87% Am Chicle (4) .. 7l3 Am Colortype 20 Am Comcl Alcohol .. 16% Am Crystal S(a50c) 89 AmCrysS 1st Df(i) 3% Am Encaustic 613 Am & Foreign 25 Am & For Pw $6 ut 29% Am & For Pw §7 pf. 12 Am & For Pw 2d pf.. 13 Am Ha: 1an (1)._. 5% Am Hi Leather. 32% Am Hide & L pf (3). 37 Am Home Pr (2.40) 24 Am Ice__ 163 Am Ice pf (2)-. 9% Am International 2313 Am Locomotive __. 66 Am Locomotive pf 21 Am Mach&Fdy(t1)x 10 Am Mch&Metadle. 27 Am Metal T'3 Am Power & nght 36% Am Pwr&Lt pf (5)- 43 Am Pwr&Lt pf (6). 18% Am Radlator(alic) 23% Am Rolling M(1.20) 18 Am Seating__—__—- 25% Am Shipbldg (2) 56% Am Smelt&Ref (2). ' 104 Am Sm&Ref pf (6). 136 Am Sm&Ref pf (7). 57's Am Snuft (13) 20%s Am Steel Foun 243% Am Stores (2) 48% Am Sugar (2) 20% Am Sumatra Tob 1 14913 Am Tel & Teleg (9). 19's Am Wat Wks aZ0c-. 73 Am Woolen 5% Am Woolen p(33)_ % Am Writ Paper (d). 4l Am Writ Pap pt (d) 3% Am Zinc & Lead. _. 24 Am Zinc & L pr pf-. 28 Anaconda Cop (1)_. 35 Anaconda Wire(2)- 15! Anchor Cap (6uc) 9 Andes Copper AP W Paper_ 37 Archer-Dan-Mall 110'5 1051 Armour Del pf (7). 4% Armour (lllinots) - 66! Arm’r(111)pr pf (6) » 47l Armstrong C (1%) - i3 Arnold Conet (50¢). 81y Artloom Corp 90% Atch To&S Fe pt(5) 215 Atlantic Coast Line 11 AtlGult& WInd .. 1315 Atl Gulf&W Ind pf. 26% Atlantic Ref (1) 48 Atlas Powder (12)_. 14 Atlas Tack (a50¢)-. 26% Auburn Auto 5% Austin Nichols. 2913 Austin Nichols pf A 4% Avlation Corp (Del) 213 Baldwin Loco (d) 29'; Baldwin Loco pf(d) 2% Baldwin Lo ). 33% Baldw L pfasd(d)- 157+ Baltimore & Ohlo__ 1 Baitimore & Oh pf_ 3 417 Bang & Aroos (235) 110%: Bang & Aroos pf(7) 13% Barker Brother: 82! Barker Bros pf_ 1414 Barnsdall O1l (80¢c) 16% Bayuk Cigars (75¢) 18 Beatrice Cream (1) 100 Beatrice pf ww (5). 85 Beech-Nut P (13) 13% Belding-Hem (1).. 213 Bendix Aviat's (al) 20 Beneficlal L (11%) x 48 Best & Co (12) 45% Beth Steel . 16'% Beth Stl1 5% pf(1) 10712 Bethlehe Stl pf(7) 32 Bigelow-San (1) 14% Blaw-Knox (60c) _. 167s Boeings Airplane. 41 Bohn Alumé&Br (3 8013 Bon Ami A (4) 39 Bon Ami (B) (2%). 25% Borden Co (1.60) - 64 Borg-Warner (13).. 6 Boston & Maine 124 Bridgp't Brass t40c 43 Briggs Mfg (12) _ 473 Briggs & Strat (3) _ 41 Bristol Myers (12)_ 40% Bklyn-Man Tr (4) .. 97% Bklyn-Man T pf (6) 4'3 Bklyn & Queens __ 33's Bklyn & Qns pf (13, 4412 Bklyn Un Gas (3) 45 Brown Shoe (3) 8t Brunswick-Balke 8% Bucyrus-Erle_ 164 32% 25% 6313 To% 194 125 20% Bullard Co (1502) 1113 Bulova Watch ____ 25 Burr Ad Mch(t60c) 14% Bush T Bldgs pf(d). 2% Butte Copper&Zine 16 Byers (A M)___ 54’4 Byers (A M) pf 22 Byron Jackson t1._ 30'% California Pkg(1%) % Callahan Zinc 6 Calumet&Heca50c. 30 Campbell Wy (f1)_. 10% Canada Dry G A 107 Canadian Pacific 37 Cannon Mills (2) 12% Cap Adm (A) a50c. 91 Car Clin&O sta (5) - 6% Carriers & Gn 20c. 186 92 Case (J I) Co 143 116 Case (JI) Cop (7) 54% Caterpillar Trao(2) 21% Celan Corp abie. 19 Celotex Corp.__ 54 Celotex Corp pf($5) 25% Cent Aguire (11%). 35 Central RRofNJ. 614 Century Rib Mills. 47% Cerro de Pasco (4) 8% Certain-teed Prod 57t Certain-teed 6% pt.- 19 ChampPap& F (1). 22% Checker Cab Mfg__. 59 Chesapeake Corp(3) 51 Ches & Ohio (2.80)_ 27% Chi & East 11 pf(d) 1% Chi Grt West (d) . 4 ChiGrt W pf «d). 1'% Chi Mil St P&P (d). 2% Cht M St P&P pf (d) 215 Ch1& N W (d)_ _ 6% Chi & N W pf (d)_ 12% Chi Pneumatic Tool 40% Chi Pneu Tool pt.. 1% Chi R 1&Pac (d) ... 3% Chi RI&P 6% pf lfl) 19% Chi Yellow Cab (2). 17% Chickash Cot Ofl___. 7 Childs Co. 25 Chile Copper (l).__ 86% Chrysler (86%).._. 15% City Ice & Fuel (2)_ T27% City Ice&F pf (6%) 461 23% Clark Equip (1. !0)- 111% 107% Clev El Illu pf 4% __ 47% 33 Clev Graph Br (2) - 70% 48 Cluett Peabody (1)~ 129 124 Cluett Peab pf (7). 125 84 Coca-Cola (2). ... 20% 13 Colgate-P-P (60c).. 63% 89% Collins & Afk t3 __. 9% 3% Colo Fuel & Ir (d) . 49 23% Colo F& 1 pf (d) . 39% 28% Col Fuel & Ir (new) 37% 19% Colo & South 1st pt. 23% 14 ColumbG & Ead0c. 108% 90% Col G & EpfA (6)_. 45% 31 Colum Plect vte (11) 51% 42% Colum Plccvpf 2% 136% 94 Colum Carb vtc(14) 847 44 Comcl Credit (14)_. 119% 100% Comecl Credit pf 43%. 84% 55 Comel Invat Tr (4). 24% 14% Comcl Solv (60¢)... 5% 2% Comw & Southern.. Low. Close. Chge. 66 15! 14% 28% + % 2 9 2 6 5 5 42 6 [ - S - saifenubllonmmoronnnue Rt Reooe ) —a Lt T 1 {8 v L B, A I ++ » rae R AR = N FREEE FER o N'|<}»I 1 S EErESFS @ -+ 0400 sEF 4 -] 2% + 12 3 85 35 126 124% 3 17% 17% 8 85 25 11% 10% 3 35% 35 111 M1 12 (45% 44% 2 65 65 10s 126% 126% 126% 2121 12+ 121 73 17 58 4 1 125% 126% T % T0% T0% 1118% 1184 1184 10 82% 811 81% ~1 21 16% 16% 16% ~ % 6 4 M M Prev. 1236 Net |High. Low. 12% 44% 13% 85 16814 133 133'< 129 2:15 p.m. Stock and Dividend Rate, 7 Conde Nast Pul 30% Congoleum-N(1.60) 8 Consof Cigar 7214 Con C pr pf ww 6%. 65% Consol Cigar pf (7) 27% Consol Edison (2)._ 11% Consol Oil (160c) . 5'% ConsolR R Cuba pf. % Consol Textile (d)_ 2 Cons Coal (Del)vte. 12% Cons C (De:) pf vte. 15% Container Corp (1). 10% Contl Baking (A)... 1% Contl Baking (B) - 674 Contl Baking pf (8) 6715 Cont'l Can (13) . 1714 Contl Dia Fibre(2. 353 Cantl Insur (11.20). 24 Contl Motors 2814 Cont Oil of Del(11). 27 Contl Steel (2) 55%4 Corn Ex BK&TT (3) 200: 63% Corn Prod Ref (3)-. 4 Coty Inc 35 Cream of Wh (2) 15% Crosley Rad (a50c). 43% Crown C & S (2) . 46Y% Crwn C&S pf ww 2% Ti Crown Zelleb'k vic_ 28 Crucible Steel . _ 951 Crucible Stl pf (13) 614 Cuban-Am Suga! 6312 Cuban Am Sug pf.._. '3 Cudahy Pkg (23%)_. 9915 Curtis Pub pf (7). 4 Curtiss Wright ___ 10'4 Curtiss Wright (A) 43% Cutler-Hammer t1_ 7% Davega Stores 130c. 7 Deere & Co ! 19'¢ Deisel-Wem-G fil) 36% Delaware & Hudson 1474 Del Lack & West__ 4 Det & Mackinac . - 18 Det & Mackinac pf Devoe&Rey (A) (2) 0's Diamond Mteh t1% 38 Dia Match pf t1% 184 Dist Corp Seag Ltd. 41': Dome Mines (12) .. 50% Douglass Atrcraft. 29 Dresser A (b13g) Dresser Mfg B__ 4% Dunhill Internatl.. 13% Duplan Silk (1) Du Pont de N 13.60. Du Pont deb (6) . 15 9 130s 108 115% 111% Duquesne Lt 1st (5) 1”0! P 185 39% 15% 47 114 1% T 513 Kastern Roll Mills_. 156 Eastman Kod (15)_ 2815 Eaton Mfg (2) . 5% Eitington-Schild 308, Elec Auto Lite (a2) 110% Elec Auto L pt ( 10 Electric Boat 5's Elec&Mus In(b2 6% Elec Pw & Lt ‘2 Elec Pw & Lt $6 pf_ « Elec Pw & Lt §7 pf_ '« Elec Stor Bat (12).. k Horn Coal (d) .. k Horn Cpf (d) - Eng Public Service. PS$5.50 ww 311 quit Office B 11% Frie R R 2d pt 12 Eureka Vac C (80c) 23'y Evans Products (1) 4% Exchange Buffet. 24, Fairbanks Co. 815 Fairbanks Copf___ 34% Fairb’ks-Morse(t1) 31% Fajardo Sugar (2).. 18% Federal Lt & Trac 84 Fed Lt& Tr pf (6)- 37 Fed Min & Smelter. 7% Federal Mot Tr 40c 23 Fed Water Sve (A) 2013 Fed'd Dept St 11.40 38 F1d Phoe F | (11.20) 247« Firest T&R (ad0c). 32 10034 Firestone pf A (6) . 40 17 118 First Nat Strs (23) 3013 Flintkote Co (1) __ 2533 Florsheim(A) (t1)_ 37s Follansbee Bros (d) Food Machine (1) _ 414 Fost Wheeler new _. 301s Fourth Nat 1a1.45_ 23%3 Freeport-Texas (1) 315 Fuller Co 2d of 3% Gabriel Co (A)...z 1113 Gamewell Co..._. 813 Gen Am Investors.__ 42% Gen Am Trans 1% _ 21 Gen Asphalt (b25c) 10% Gen Baking (160c). x 7 Gen Bronze 5% Gen Cable._ 17 Gen Cable A_ 52 Gen Cigar (1 341 Gen Electric (1 33% Gen Foods (1.80) s Gen Gas & Elec (A) 14 GenG&E 6 19 Gen Gas&Fl11% 58 Gen Mills (3) Gen Mills pt (6) 537 Gen Motors (12) Gen Motors pf (5 5% Gen Outdoors Adv_. 18% Gen Outdoor Adv A. 28 GenPrintInka2l. 315 Gen Pub Service _ 32'; Gen Ry Signal (1 2 Gen Realty & Utfl__ 26'5 Gen Real&U pf ww. 33% Gen Refrac (al%). 321 Gen StI Casting pf.. 17 Gen Theatre Equip. 301 Gen Time Inv (1) __. 13% Gillette Saf Raz (1) 70 Gillette SR pf (5). 6% Gimbel Bros_ . _. .. 86% Gimbel Bros pf (6). 39% Glidden Co (2) 52% Glidden cv pf(2%)- 37 Gobel (Adolf)_ - 6% Goebel Brew (t20c) 125 Gold Dust vte (60c) 13% Goodrich (B F) 74 G'drich(BF)pf n(5) oL % 21% Goodyear T & R___. « 87 133 164 80, 44% 116 108 32% 3 Goodyear $7 pf (4)_ 815 Gotham Silk Hose_. 77 Goth Silk H pf (7).. 2 Graham-Paige 1% Granby (2d stpd) 314 Grand Union ctfs__ 16 Grand Un pf 387%c. 241 Granite City Stl (1) 281 Grant (W T) (1.40) 32% Grt Northernpf___. 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) 22’ Green (H L)Co(11) 48% Greyhound C'p 3.20. 1% Gaantanamo Sugar. 914 Gulf Mobile & N___. 301% Gulf Mobile & N pf. 28% Gulf States Steel__. 6 Hall(WF)Printing. 14 Hamilton Watch _ 3014 Harbison Walk(2) 12 HatCorpof Am (A 4% Hayes Body 102 Hazel Atlas Gl (15) 1504 Helme (G H) pf (7) 251 Hercules Motor (1). 84 Hercules Pow (5).. 5874 Hershey Choc (3) . 30% Holland Furnace Holland Furn pf(5). 9 Hollander (t50¢)... 19% Holly Sugar (12)--. BM 414 Homestake (112)___ 'lo% 41 22% Houd-Her (B) t1%. 54% House Fin A (13)__. 6% Houston Of vto____ 48% Howe Sound (13) ... 3% Hudson & Manhat__ 131 Hudson Motor Car.. 1 Hupp Motors. ... .18% [llinols Central.. 4% Indian Refining.. 25% Indus Rayon (1.68). 88% Inland Steel (3)___. 614 Inspiration Copper. 11% Interboro Rap T(d) 2% Intercontl Rubber.. 9% Interlake Iron__... 274 Int Agricultural___. 22% Int Agricul pr pf___ 185% 160 Int Bus Mach (16).. 584 90% 35% Int Cement (2) ... 56% Int Harvester 2% _. 160 148% Int Harvester pf(7) 5% 8 63 2% Int Hydro Elec (A) 4% Int Mercantile Mar. 43% Intl Nickel (1.40) _ 132 125% Int Nick(Can)pf(7) 15 3% 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C) 201 Int Paper &z Pw pf_. 3% Int Ry Cent Amer.._ 3 Int Ry Cent Am vte 19% [nt Rwy Cent A pf.. 23 IntSalt (1%)eeaeee 15 IntSilver._. 50 Int Silver pf. 2 308 1 8 39 2 4 12 1"0!! 8 18 12 10 80s 11 2 21 2 208 o [ BB N0 I D A U D - 308 18 1 57% 10% 20 49 16'% 64 103% 160 38% 120 314 391 110 28% 34 428 9 = 67'% Y 3 113% 112% 16 2 1 28 1 20 15 1 14 1 50 2 10 6 19 32 108 208 40s 1 6 10% 13% 3% 13% 3% 3215 171% 584 89 151 4% 6 62% 131 12% 5% 2% 10% 13% 3% 13% 3% 314 171% 57% 8T 151 4% 6 61% 131 11% 5% 2% 601 % FE FEFREFLT 441+ 1 +++4+4++01101 I i+4] AR 103% +1% 160 -2 38% ~1% 120 +2 3% + % 40% — 110 + % 88Y% — 151 4% — 6 — 62% + 131 + 12 -~ 5% Bales— Net | Prev. 1938 -Add 00. mlh. Low. Close. Chge. | High, 39 19% 268 22% 126 129 Stock and Low. 11% Int Tel & Tel - 10% Interstate D Sab0c. 16 Intertype Corp (1). 113 Island Creek of (6). 88 Johns-Manville 12_. 126% 121% Johns-Manv pf (7)_ 119% 46% 26 2T% 334 102 28%, 247 25% 101% 52% 24% 4 32 115 10% 142 18 13% 4% 9% 13% 98% 12% 28% 5% 50% 28% 10 11% 1% 3 % 73 95 6% 10% 484% 43% 2:15 p.m. Bales— Dividend Rate. Add 00. High. Low. Close. Chge. 16 13 10 28 2 19% 208 121% 2121 208 123% 12% 26% 19 121% 121 123% 76% Jones&Laugh 7% of 180s 117% 116 3914 Kalamazoo S (1) __ 13 Kans City Southern 17 Kaufman Dep 8 (1) 24% Kayser J & Coal%. 80 Keith-A-O pf 15%... 20 Kelsey-Hayes (A).. 18 Kelsey-Hayes (B).. 14% Kelvinator (t50c)_. 87 Kendall pf A (16)__ 28Y Kennecott C (1.20) 17% Keystone S&W (2)_ 1814 Kimb Clark (t50¢). '! » Kinney (G R) Co__. Kinney (G R) ptf _ Kresge Dept Strs__. Kresge (S S) (t1)_. Kroger G&B (1.60) Laclede Gas St L pf Lambert Co (2) T'% Lane Bryant 12 Lee Rub&Tire(50¢) 151 Lehigh Port Cmt f1. 942 Lehigh Por C pf (4) 2 Lehigh Valley Coal. 9% Lehigh Val Coal pf. 815 Lehigh Valley R R Lehman Corp (13) - Lehn & Fink (1%1. Lerner Stores (12) Libby McNefll & L_ Libby-Ow Gl(a2%). 25 Life Saver (1.60) _. 97% Lizgg&Myers B (14) Lily Tulip Cup(1%) % Lima Locomotive Link Belt (1.20) “ 209 19% 15% Liquid Carb(1.60). x Loew's Ine (12) Loft Inc Long Bell Lum (A) Loose-Wiles (2) . x Loose-Wiles pf (5) Lorillard (P)(1.20) La Oll Ref pt (d) Louisv GREptA 1% Ludlum Steel (1) Me(all Corp (2) McCrory Stores .. McGraw Hill Pub__ Mclntyre Porcu (2) McKeesp't T P (14) McKesson & Rob _. McKess&Rob pf(3). McLellan Strs a20c. Mack Truck (1) Macy (R H) Co (2) Magma Copper (2). Manati Sugar (d) . Manati Sug pf (d) . Man El md gtd (d) Maracaibo Ol Exp_ Marine Mid1d (40c) Market St Ry .- —c-c Market St R! pf- Ry 2d pf. Market St Ry pr pf. Marlin-Roek (12) . Marshall Fleld & Co lartin Parry Mathieson Alk 135, May Dept Strs (2).. Maytag Co Mavtag Mengel Co Mengel Co of Mesta Mach (a3%) 5% Miami Copper _ _. 171¢ Mid-Contl Pet a40c. 21% Mid Stl Prod (a2) 88 Milw El R&L pf (6) 65 Minn-Hon Ros 11% 106% Minn-Hon R pf (6)- 6'2 Minn Moline Pwr 57t Minn Moline Pwr pt % Minn &St L (d)__. 2% M St P&SS M1s Misston Corp Mo Kans & Tex: Mo Kans & Tex pf_. Missour! Pacific(d) fo Pacific pf (d) . Mohawk Carpet (1) Monsanto Chem(11) Montg'y Ward 80c .. Morrell J & Co 2.40 Morris& Essex (3% Mother Lode . “+ Motor Prod (12)__—. Motor Wheel (1) Mullins Mfg (B) Mullins Mfg pf (7). Munsingwear a2% - Murphy G C (1.60)- Murray Corp.. 67a 50 405 Natl Acme (a25¢) - Nat Biscuit (1.60)_. Nat Cash Reg (50c) Nat Dairy P (1.20) Nat Dairy P pf A(7) Nat Dept Stores_... Nat Distillers (2) .. Nat En & Stpg (2)-. Nat Lead (150¢) ... Nat Pwr & Lt (60¢) Nat Ry Mex 1st pf_. Nat Ry Mex 2d pf_— Nat Steel (1) Nat Supply Co Nat Supply Co pf t Tea (60c) - Natomas (180c) - whberry (JJ) 2.40 Newport Industries N Y Airbrake (al) NYCentral RR N Y Chicago & St L. NYChi&StLpf.. N Y Dock.- N Y Dock nf. B N Y & Herlem /5) 1 N Y Investors (d)-. 3 NYNH&H @@).._. 7% NY NH & H pf (d)_. 4 NY Ontario & West 213 NY Rys pt (d) 915 N Y Shipbuildin 57 N Y Shipbldg pf(7). 931; N Y Steam 1st (7) _. 1 Norfolk Southn (d) 210 Norfolk & W (18) _ 105 Norfolk&Wn pf(4). 6% North Am Aviation 2314 North Am Co (1) 52% North Am Co pf (3) 98 North Am Ed pf(6) 237 Northern Pacific___ 50 Northwest Tel (3)_. 1214 Ohto Of1 (50¢) 241 Oliver Farm Equip_ 17 Omnibus Corp vte.. 8 Oppenheim Collins_ 241 Otis Elevator (60¢). 1215 Otis Steer___. 70 Otis Steel pr pf. 3k 10% 47% Pac Light (12.40) 14% Pacific Mills 118 PacificT & T (a5)_ 11% Pacific W'n O11 b25 674 Packard Mot(a25c). 1% Panhandle Pro & R_ 67 Paraffine Co (12) Tt% Paramount Piet_ 59 Paramount 1stpf__ 8% Paramount P 2d pf_ 17% Park & Tilford ___. 2% Park Utah 40% Parke Davis (a1%). 23 Parker Rust P1%.. 44 Parmelee Transp't.. 6% Pathe Film Corp_—— 104 Patino Mines__ 1'% Peerless Motor 4% Peerless rts_Oct. 21 60 Penick & Ford (3) . 69 Penney(JC) (a2%)- 314 Penn Coal & Coke.__.. 4% Penn Dixie Cement. 28% Penn Dixie Cpf A 28% Penn Railroad (al). b 10%4 Pfeiffer Brew (1.20) 25% Phelps Dodge a75¢- 314 Phila Rap Tr (d)._. 814 Phila Rap Tr pf (d) 114 Phila & Read C& 1. 66 Phillip Morris (3).. 49% 38% Phillips Petrol (11) 5% Phoenix Hosiery._.. 115 Plerce Petroleum__. 29% Pillsbury Fl (1.60)- 354 Pitts Coal pf. 714 Pitts Serew al2%ec. 49 PittsSteeipf__ .. - 14 Pitts Term Coal pf. 3 Pitts United Corp... 5834 Pitts United C pf—— 21 Pitts& W Va. 1% Pittston Co % 11% Plvm:uv.h ol (- CO (B) e ‘Tob A-.. . 4008 1045% : 1 28 3 21 2 26% 508 100 3 24 2 21 36 221 20s 103 7% E3% k4 . 1 28% 4 59 5508 1 8 41 108 4 23% 45 18% 1 114 7 16% 38 3 2308 15 1 3% 10 17w 12 20% 2112 45 18 60 E PRI P e ) 108 13 1208 111 23% ki 2814 30 35 18% 22 391 984, 18 10% 4315 29 21 10 1 60n 14 21 12 1508 100s 1608 2608 1% 208 103 1 953 108 110 1 3 e ) -1 wonnaelaBse 40s 1 10s 109% 9 1% 62 304 8 30% 1 27% £ 12 90 4874 4 47w 2 86% 4% 8608 14% 30s 145 2 1% 3 44 3 1% 6 5% 3y 3 13% 10s 83 30s 104 £ 1% 1294 508 110 10 7% 33 32 1 561 1102% 50 31 40s 52z 267 14 55 102% 89 13% 1 26 22 3% 42% 28% 190s 208 2 % 508 105% 208 89 2 3 16% 2 2 fli 45% 22 26% 26% 100 24 20% 21% 101% 52% 224 28% 5% 44 T 27% 22% 45 ll‘ 16% 39 156 314 17% 19% 111 16% 59% 28w, 111 103 9513 110 7 104 38% 2% 16 21% 6% Net 12% ~ W 28 +1% 19 - % 121% — % 121 1234% 117 F45% — % 22 26% - % 26% + % -2 FErFEEF (REESEINE X3 gErEe EFOF FERT FEF FFSFEEE ¥ 7 105 41 384% 2% 186 - % 21% - % 6% -“‘.i‘l'ff an 1938 B‘- 12% 5% 45% 49% 2:15 p.m. Bales— Add 00. High. Low. Close. cnn Stock and Low. Dividend Rate. 1% Porto R Am Tob B... 6% Postal Tel&C pf (4) 2% Pressed Stl Car (d) 18 Pressed St C pf (d) 4014 Proctor & Gam t1% 12214 117 Proc & Gam pf (5) .. 49% 39 PubSveNJ (2.40). 113 103% PubSve NJ pf (6). 65% 347 58% 4T 35% 1141 31 3% 6% 16% 52 101% 36% Pullman Ine (1%)-. 9% Purity Bakeries 16% Quaker Sta Ref 80c.. 9% Radio Corp. . 6813 Radio Corp pf A l% 5 Radio-Kelth-Or (d) 11 R R Sec Il Cent___. 287 Raybestos-M (1%). 35'% Reading (2) ... 37 Reading 2d pf (2)_. 9% Real Silk Hoslery_. 68 Real Silk Hos pt. 1% Reis (Robt) . 12% Rels (Robt) 1st pf_. 12'a Rellable Stores 17% Rem Rand (160¢) ... 19% R'm-R 5% prpf 1% . 77 Rem-Rand pf (6)... 4% Reo Motor Car_._ 167 Republic Ste 77 Republic Steel 10 Revere Copper. 2215 Reynolds Met 25 Reynolds Sprg (1)- 50 Reynolds Tob B (3) 32 Roan Ante C (b76c) 27 Safeway Stores (2) 110% Safeway Strs of (7) 22 St Josepr L4 (80c). 1 St L,-San Fran (d).. 2% St L-San Fr pt (d)- 11 Savage Arms. = 37% Schenley Distill (3) 97'% Schenley D pr (5%) 1% Schulte R Strs (d) . 53'2 Scott Paper (2) .- 74 Seaboard Alr L (d)- 2 Seaboard A L pf(d). 30 Seaboard Ol (1) 315 Seagrave Corp._ 59%, Sears Roebuck (2)_. 15% Servel. Inc (60c)_ 20% Sharon Steel Hoop. 4% Sharpe & Dohme __. 431« Sharp & D pf (3%) 114 Shattuck F G (50¢c) 30% Sheaffer Pen (2) 14% Shell Union Oil. 41103 Shell Un Ofl pf 6%.... 129 24%, 5615 633, a7 400 30% 70 6% 4 12% | 149% 100 77 uln T5% 56 165 7 2% 2% 481 48u 8 a8y 9% 30% 10% 18 374 8% Silver King (60c) . 19% Simmons Co (a50¢). 19'; Skelly O11 54 Sloss-Sheflield St1 657 Sloss-Sheff pf(a3l. 21 Snider Packing..__ 1213 Socony-Vac O (50¢) 110 Solvay Am pf (53%) 3% So Am G & P(a20c). 26 South Port S (12) . 25 South Cal Ed (1%). Southern Pacific. 12% Southern Railway. 19 Southern Ry pf. 6% Spalding (AG) . __ 63% Spalding (AG)1st pt wl', Spang Chal pf 3815 '« Sparks- Withington s Spear & Co 15° Sperry C'p vie (al). 13% Spicer Mfg. . . 63 Spiegel-Ma; 21% Square D( 2 14* Stand Brands (80c) 1207« Stand Brands pf(7) 5's Stand Gas & El (d) 9'; Stand G&E $4 pf (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 pf (4] 35 Stand Oof Cal (11). 32% Stand Ofl of Ind t1_ 25 Stand Oil of Kans__ 51's Stand Ol of N J (11 65 Sterling Prod (3.80) 2% Sterling Secur (A)- 8ix Sterling Secur pf 165 Stew-Warner t30c_ 14% Stone & Webster 9'a Studebaker Corp 72 Sun Ofl (t1) 27 Superheater (80c) . 3 Superior O 9% Surerior Steel 23 Sutherind Pap t 6% Sweets Co of Am 20 Swift & Co (1) 28 Swift Intl Ltd (2) 114 Symington (d) . .. 57 Symington A (d)___ 6% Telautograph (60c) 5% Tennessee Corp 287 Texas Corp'n (11)_. 33 Texas Gulf Sul (2). 28 Texas&PacRR.___ 715 Tex Pac C& O a25c 9% Tex Pac Land Trust 8t3 Thermoid Co __ 24% Thomp'n Prod a60c. 4’ Thompson Starrett. 14% Tide W Asso O 60c_ 100% Tide Wat A O p£(6) 12's Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 147, Trans & Westn Air_ 10% Transue &W (t60e) . Tia Tri-Cont Corp a25c. 93 Tri-Contl C pf (6)_- 47s Truax-Tra Coal 2213 20th Cent Fox (al) 31% 20th Cent Fpf1l . 8% Twin City RT. Twin City R T pf... ) 'mw Union Bag&Pap (2) 71% Union Carb&C 2.80 20% Union Ofl of Cal (1)x 1084 Union Pacific (6) - 90's Union Pacific pf (4) 22% Union Tank C 1.20_. 20% United Afrcraft 13 United Air Line vtc 1 Utd Air Lrts Oct29. 1613 United Am Bosch 24% United Bisc (1.60)_. 68 United Carbon (3)_. 22% Unit-Carr Fast (2)- 5% United Corp 40% United Corp pf (3) 10% United Drug (a50c) 15 Utd uyewood (a1l 4 United Elec Coal._ 324 Unit Eng & F (2)__. 6613 United Fruit (3)-. 14% United Gas Imp (1) 2 U S Distributing 10 U Distributing pf 13 US& For'n Secur. 24% U S Freight (1) 80% U S Gypsum (2) 8% U S Hoffman__ 49 USHoffman pf2%. 31% U 8 Indus Alcohol 413 U S Leather vic__ 10% U S Leather A vtc 211 US Plpe & Fy(1%). 7% U 8 Realty & Imp__ 16% U S Rubber.___. 47 U S Rubber 18t pf - 72% U S Smelting (a10). 6812 U S Sm&R pf (3%)- Ya 46% U S Ste 115% U S Steel pf (4). 5 United Stores (A) . 57% Univ Leaf Tob (t3) 153 Univ Leaf T pf (8). 3% Utll Pwr & Lt (A) .. 1 Vadsco Sales Corp.. 16% Vanadium Corp .-- 28% Van Raalte (al%)- 40 Vick Chem (12) . 4 Va-Car Chemical.. 28% Va-Car Chem 6% pf 4. Va Iron Coal&Coke. 14 ValronC&Copf. 5 Wabash pf A (d)- 94 Waldorf Sys 11.20__ 30 Walgreen Co (2)... 118 115 Walgreen pf (6%)-. 43% 10 50 % 14% 2% 10% 284% 32% 29% 11% 2% 46!& 120‘& 12% 23% 4 lB'I 33% 35% 3% 28% 1% 26% Walker (H) (2)-eu 5% Walworth CO-—eeu 10% Ward Baking A——— 2% Ward Baking B——— 9% Warner Bros Pict.. % Warner-Quin (d)... 4% Warren Bros....... 15% Warren Bros cv pf._. 21 Warren FAy&P(t1). 19% Waukesha Mot (1). 6% Webster Eisenlohr. 1 Wells Fargo. 33% Wesson O&S(150c). 96 West Pa Elec pf (7) 11624 West Pa Pwr pf (7) 814 Western Maryland. 7215 West'n Union (a2)_ 34% West'gh'se A B (1) 9415 Westingh'se El (4) 123% West'g'se 1st pf 3% 225 Weston El 1 (a25c). 32% Westvaco 5%pf 1% a st 5 8 @ - wammwanihiec NanDamws padiasaivans - 114% 114% 114% + % 2 42’% + % 2% 10% 3% 44y 49 119 464 2% 88t 5% 14 150% 10s 157 1 26% 148 157 l 4% 2% 10“. - u AT END OF SESSION 06% 41% ll"a + W 46% — 106 625 —1% + % 17% 95% 108% -5 1, | most canceled their improvement. The -1% Late Selling Brings Drop. Some Coppers, Alcohols % Retain Gains. Stack Averages tod0s. RA lma % Im Net change. +.1 2 +.1 1 Today, noon 94.5 Prev. day... 944 Month ago_. 889 Year ago... 69.9 1936 high_. 95.5 1936 low.... 73.4 1935 high... 76.3 1935 10W.... 495 185 21.6 3438 1932 low.... 175 8.7 239 169 1929 hjgh...146.9 153.9 184.3 157.7 1927 low.... 51.6 953 618 61.8 (Comptled by the Associated Press.) 43 3 431 402 242 431 302 312 52.3 522 513 379 534 434 44.7 1.0 70.9 673 50.5 1.1 85.7 58.1 BY ViCTOR EUBANK, 2 Associated Press Financial Writer, NEW YORK, October 15.—A laste hour selling wave shook down ma of the recent leaders in today's stock market, but selected coppers, amuse- ments and alcohols managed to retain advances of fractions to 3 or more points, o The brief downward flurry put the | ticker tape behind for a while. The | movement slowed near the close and support appeared for some of the more " | depressed stocks Transfers were around 1,700,000 shares. Issues in the forward push appeared to have been inspired principally b optimistic industrial prospects. Sev- eral reached new high ground for the past five years. | - The cloudier European situation, with Belgium severing her alliance with France and Russia demanding forced neutrality in the Spanish war, tended to promote a little more nere vousness among speculative forces, The rails were early favorites, but [ major steels. motors. oils and farm 1 | shares were behind the greater part ‘ of the day. Stocks on the upside included Ana« conda, Kennecott. Cerro De Pasco, American Smelting. Howe Sound. In- ternational Nickel. Paramount, Warn 4 er Bros, Schenley. Superior Steel S. Pipe & Foundry, Remington R Electric Boat, Pressed Steel Car ferred, Mohawk Carpet and American 1 Chain. Allied Chemical dropped more than 3 at its worst and lesser losers we; U. S. Steel, Crucible, Bethlehem, Gen- | eral Motors, Chrysler, Sears Roebuck | International Harvester, General Elec- tric, Great Northern, Pullman and Western Union. s, | A shade on either side were Amer- kl’c’“‘ TFelephone, Consolidated Edison, | Radio. North American, N. Y. Central, % | Montgomery Ward, Goodyear and ‘Westinghouse. CHICAGO GRAIN % | By the Associated Press. %! ) %| % L] +5 8% + % 1T% + % 36% 149% - % 157 26'% - % 34% — W 314 — % 21% + W 16% — % 1 4+ +3 .‘, CHICAGO, October 15.—Improve- 1, Mment of prospects for Southern Hemi- » sphere crops, Australian in particular, % led to wheat price setbacks today late as well as early. A pause in export purchases of Canadian wheat formed an out= standing feature, total takings today 1, | being estimated at only 400.000 14| bushels, For the first time this * month, Canada's rural marketings of wheat yesterday exceeded 1,000,000 bushels. " Wheat closed weak, ?4-1': under i | yesterday's finish, December 1.137,a 116, May 1.143,a%:; corn, unchanged to % lower, December 947,a%:, May . | 9015. Oats, !; off, and provisions un- { changed to 5 cents up. WHEAT— Oy on nPmeDQY D“: |H’ W CorN— December | May July | OATS December _ | May. July SOY BEA December Chicago Cash Market. Cash wheat, No. 2 red, 1.20'5; 2 hard. 1.20'2-23'2; No. 1 mixed, 1.20- 34%: No. 2 mixed, 1.21%; corn, No. 1 yellow, 1.10'2; No. 2 yellow, 1.10',- 35. No. 3 yellow, 1.09';-10" No. 4 yellow, 1.09%-10':; new crop. 96'; No. 5 yellow, new, 94-95; No. 2 | 1.19%, lake billing: No. 5 white. 1.03%,; sample grade, new 9 1.07; oats, No. 1 white, 45~ white, 44-45':; No. 3 white, No. 4 white, 43; sample grade, 39-42 o rye; soy beans, No. 8 yellow, 1.22-23 nominal; barley. feed, 74-84. nomin malting, 1.12-46, nominal: timoth: %l seed, 5:50-75 hundredweight: new, 5.25-50 hundredweight: clover seed, 18.00-25.00 hundredweight. Liverpool wheat Price iy LIVERPOOL. October tures. closed steady. | 42-43 arch _ 11 Exchange, 4 .89, Baltimere Quotations. BALTIMORE. Octol NEW YORK COTTON B3 the Associated Press. NEW YORK, October 15—Early advances in cotton today on con- | tinued ncflye foreign and trade buye :qmg were lost under increased hedge ' | selling against large spot sales December sold off from 12.07 to 1198 and recovered to 12.02, with active positions generally 2 points net higher to 3 lower during the middle of the afternoon. October, however, was relatively easy under last-minute liquidation prior to expiration of trading in that pesition at mid-day tomorrow. It eased from 12.15 to 11.93, or 15 points net lower, New Orleans Prices. NEW ORLEANS. October 15 (/. 5 ontions ldvlnud o the 12-cents-a-prund 1 i dealings on the cotton mar= 3, unmm eables and a good de- mand from' buyin. interests more than tbsorbed carly” hedge. seiling and T brices a firm tone ‘October opened at 12.01. December at 12.00. January at 1197 and both March and May at 12 cents even . Gains beid ing the first half hour as the maiket mov!d narrowly. ve"demand that has characters jer this week was again present. orts were IMAl IMEorialt lthulnllve interests were returninz to market. ‘picking Up distant opt:ons around curren? fevels. s Dot sales yesterday of more than 80000 bales showed that thers %as lol 0‘ cotton htlll a Siten bfk ‘ld from this e narker was i ihe m« uent hedging in an" excelent ofl fut ru steady. em| : January. b, b—Bid. Ex 2 '9.35b: May. 6. wgnner. Sejover, 0.4t TS Q