Evening Star Newspaper, October 26, 1936, Page 16

FINANCIAL. STOCKS GO DOWN A—16 »a» FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, MONDAY, OCTOBER 26, 1936. VOLUME CLIMBS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Pflnu Wire Direct to The Star. 2:15 p.m. Prev. 1036 Stock and Sales— Gigh. Low. 1 % Consol Textile (d). 2:15 p.m. Prev 1036 Stock and Bales— Low. Dividend Rate. Add 00. High. 17 Kaufman Dep 8 (1) 2 2 Net Prev. 1036 Low. Close. Chge. | High. Low. 1926 2T% 0 % 5 Radio-Keith-Or (d) 18 Low. ON D. C. EXCHANGE Stock and lll Dividend Rate. Add 00. High. Low Close. Chge. ™% 7 ki September Total Reaches $119,794, Compared to $105,155 in August. BY EDWARD C. STONE. Dollar volume of trading on the ‘Washington Stock Exchange in Sep- tember was substantially ahead of Au- gust in the stock division. The dollar volume amounted to $119,794, against $105,155.38 in August, comparisons show. The share total was not quite as large as in August, but the in- creased demand for bank stocks gave a substantial boost to the volume sum- mary. September bond trading was not as large as in August, a $48,600 total comparing with $66,800 in the pre- vious month. During the month a great many bids could not be filled, because investors were unwilling to part with their holdings at prevailing prices which have been steadily work- ing higher for months. According to compilations by the Becurities & Exchange Commission, the dollar volume of sales on all reg- istered exchanges in September was $1,882,282,523, an increase of 13.6 per cent over August and 12.2 per cent over September, 1935. Stock sales in September had a value of $1,594,411,570, an increase of 11 per cent over August, while bond sales, with a value of $287,860,575, ‘were up 30 per cent. Shares turned over during the month totaled 59,626,994, or 17.1 per cent more than in August. Principal amount of bonds sold was $378,519,- 548, an increase of 37.5 per cent over the previous month. The commission announced that during August, 62 registration state- ments involving $271,000,000 became efl;;tive under the securities act of 1933. Bankers Hold Fall Meeting. The Fall meeting of the District Bankers' Association was on the schedule for 3:15 o'clock this after- noon in the board room of the Amer- ican Secuity & Trust Co., with Presi- dent Karl W. Corby in the chair. Com- mittee reports and an address by a guest speaker were on the program. The District of Columbia Life Un- derwriters’ Association was to hold a special meeting this afternoon at the Acacia Insurance Building to launch the Life Insurance Institute which will carry on educational work among the members. The voters of 248 communities will, at the coming general election on November 3, decided the fate of State and municipal bond issues aggregating $94,811,670, according to the Daily Bond Buyer. The most important bond issue to be submitted is a $30,000,000 unemployment relief loan for the State of New York. This is a reduction in the volume of State and municipal bond elections as compared with a year ago. Last year’s proposals, on which voters of 307 municipalities were asked to pass at the general election, aggregated $115,292,480. Trade Lull Seen in 1937. A temporary hait in the current upward trend of trade and industrial activity is likely to occur some time in the first quarter of 1937, says the United Business Service in its cur- rent report. Pauses in the general advancing course of recovery must be expected from time to time, the Serv- ice points out. It warns against over- optimism resulting from the- sharp advances in stock prices and earn- ings. Just as in a period of deflation, the repeated story of lower volumes, fall- ing prices and vanishing profits be- gets a feeling of bottomless pessimism, 8o the continued repetition opposite picture generates the expec- tancy of its uninterrupted continu- ance. The Service concludes that any ir- regularity which may develop after the turn of the year will be tempo- rary. It will be followed by‘a con- tinuation of the upward trend of the business cycle, the top of which will probably not be seen for several years. ‘Waller’s Committee to Meet. The Committee on Banking Studies of the American Bankers' Association, which is making a comprehensive study of the credit structure, will meet December 4 in New York, Chair- man Wood Netherland announces. ‘Wilmer J. Waller, vice president and cashier of the Hamilton National Bank, is a member of the committee and also the Executive Committee. The committee, appointed by Tom K. Smith, president of the A. B. A, includes such bankers as Francis M. Law, Winthrop W. Aldrich, M. P, Callaway, A. P. Giannini, Harry J. Haas, Robert M. Hanes, "John K. Ottley, Lyman E. Wakefield and Evans Woollen. In calling the meeting Mr. Nether- land states that the committee is pursuing its studies of the Postal Savings System and of Government lending agencies, on which it has been engaged during the past year, and which it expects to complete during the current year. These studies are being carried on in co-operation with committees appointed by State bank- ers’ associations. At the meeting in December the matter of what further studies are to be undertaken will be considered. Heard in Financial District. H. A. Ross, president of Ross Fed- eral Research Corp., has returned from an eight-week business survey of European research markets. Mr. ‘Ross, who visited seven European countries, reports business conditions in England to be excellent. Plans for the organization of a Ross Federal research force in Great Britain are now being discussed, according to the firm’s Washington " office. Heavy Trading in Gas Stock. ‘Washington Gas Light stock led the Washington Stock Exchange today, opening with ten 10-share sales at 80. After call, 200 more shares changed hands at 80%. ‘Washington Gas 5s, 1948, appeared on the board at 108%, and Capital Traction 5s changed ownership at 93%2. Potomac Electric Power 5! per cent preferred stock sold at 112}3. William O. Douglas, member of the Becurities and Exchange Commission, will give an address tomorrow at the University of Chicago. Secretary Perkins of the Labor De- partment reports building acivity in building construction off 12 per cent in September, due to a letdown in public buildings. Private construction was up 1 per cent, 3 NEW YORK BAR SILVER. NEW YORK, October 2C (#).—Bar silver steady and unchanged from Fri- day, October 23, at 44%. of the | 69 Aeno Steel Co (18y. s Exp (a20c). 22% Addr.ll'lrlvh( 1) 1% Advance Rumiey... 58 Alr Reduction (11). 2 Alr-Way Elec Appli 13 Alaska Jun (160e).. 2% Alleg Corp (d)..... 12% Al of widow (d). 12% Alleg pt wS40w (d). 27 Alleg pr pf (d) —ceee 0% 26% Alleg Steel (11).... 245 157 Allied Chem (6).___. 30% 23 Allled Mills (ablec). 14% 6% Allied Stores .__. 66% 35% Allls-Chalm (1%).. 31 19% Alpha Port Cmt (1). 4% Amal Lether (new). 75 Amerada Corp (2).. 49 Am Ag Chm Del(3). 37 Am Bank Note (1)_ 65 Am Bnk Note pf (3) 641% 40 Am Brake Shoe 1.60 137% 115% Am Can (t4) ... 169% 162% Am Can pf (7) - 30" Am Car & Foundry. 57% Am Car & Fdry pf_. 31 Am Chain(al) 87% Am Chicle (4).. T4 Am Colortype..... 20% Am Comecl Aleohol- 16% Am Crystal 8(as0c) 89 Am CryssS 1st pf(6) 314 Am Encaustic. ... 6% Am & Foreign Pwr. 25 Am & For Pw §6 pf_ 29% Am & For Pw §7 pf. 12 Am & For Pw 2d pf. 13 Am Hawalian (1)__ 54 Am Hide & Leather. 32% Am Hide & L pf (3). 37 Am Home Pr (2.40). 66 Am Locomotive pf_ 21 Am Mach&Fdy(f1). 10 Am Mch&Met ad0c. 27 Am Metal 134 124 Am Metal pf (XIZ)_ 14% 714 Am Power & Lignt- T4'% 36% Am Pwr&Lt pf (5). 87 43 Am Pwr&Ltpf (6). 27% 18% Am Radiator(alse). 165'2 157 Am Radiator pf (7). 34 23% Am Rolling M(1.20) 39% 36 AmSafety Rn (2)- 28% 18 Am Seating___ 45 25% Am Shipbldg (2)__. 93% 56% Am Smelt&Ref (2). 7313 57's Am Snuft (13) .. 45% 20'% Am Steel Foundry.. 36 24% Am Stores (2) 63% 484 Am Sugar (2)._ 26% 20% Am Sumatra Tob 11 180% 149% Am Tel & Teleg (9). 102's 87 Am Tobacco (5)---. 104 88! Am Tobacco B (5).. 150 136 Am Tobacco pf (6). 15% 87 Am Type Founders. 27 193 Am Wat Wksa20o.. 11's 7% Am Woolen . 70% 5% Am Woolen p!(XI). 2 s Am Writ Paper (d). 10 4% Am Writ Pap pf (d) 7% 3% Am Zinc & Lead. ... 47% 28 Anaconda Cop (1) 154 Anchor Cap (60¢) . 97 Anchor Cap pf(6%) 9 Andes Copper. 37 Archer-Dan-Mal 4% Armour (l)linois) - 66% Arm'r(111)pr ptf (6). 47% Armstrong C (1%)- Y% Arnold Const (50¢). 814 Artloom Corp ... 12% Asso Dry Goods 59 Atch To& S FealZ.. 90% Atch To&S Fe pf(5) 21% Atlantic Coast Line 11 AtlGulf& W Ind_ .. 13% Atl Gulf&W Ind pf. 26% Atlantic Ref (1) 109 Atlantic Ref pf ( 48 Atlas Powder (¥2)_. 14 Atlas Tack (a75¢c).. 26% Auburn Auto 5% Austin Nichol: e 4% Aviation Corp (Del) 215 Baldwin Loco (d) - 29' Baldwin Loco pf(d) 2% Baldwin Loasd(d). 33% Baldw L pfasd(d)-. 157, Baltimore & Ohio__. 1 Baltimore & Oh pf_. s 417; Bang & Aroos (235) 110!; Bang & Aroos pf(7) 14! Barnsdall Otl (80¢) 16% Bayuk Cigars (75¢) 4110 Bayuk C1stpf (7)_ 6 18 Beatrice Cream (1) 35 Beech Creek RR(2) 85 Beech-Nut P (13).. 134 Belding-Hem (1).. 21% Bendix Aviat'n (a1) 20 Beneficial L (t13%4). 48 Best&Co (2%§)-aa- 45% Beth Steel _____.. 1614 Beth St16% vf(l)_. l(l'lla Bethlehe Stl pf(7). 14% Blaw-Knox (60c) 18Y% Bloomingdale(aé5c, 77% Blumenthal pf. 167 BoeingrAirplane ... 41 Bohn Alum&Br (3). 25% Borden Co (1.60) 64 Borg-Warner (13)_ 121 Bridgp't Brass 140 43% Briggs Mfg (12) ... 474 Briggs & Strat (3).. 40% Bklyn-Man Tr (4)-. 97% Bklyn-Man T pf (6) 4%; Bklyn & Queens..... 44% Bklyn Un Gas (3). 8% Brunswick-Balke... 8% Bucyrus-Erie. 914 Budd (EG) Mfg_._ 85 Budd (EG) Mfg ptf. 8% Budd Wheel .. ... 20% Bullard Co (at0c). 11% Bulova Watch__ 25 Burr Ad Mch(t60¢c). 215 Bush Terminal (d). 14% Bush T Bldgs pf(d) 2% Butte Copper&Zinc. 16% By A M) b4’ 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.... 10% Canadian Pacific. 37 Cannon Mills (a 6% Carrieis & Gen 20c. 9215 Case (JI) Co___ 54% Caterpillar Trac 2. 21% Celanese C (a50c) 54 Celotex Corp pf 15 35 Central RROfNJ. 615 Century Rib Mills__ 47% Cerro de Pasco (4).. 8% Certain-teed Prod._.. 19 Champ Pap & F (1) 59 Chesapeake Corp(3) 51 Ches & Ohio (2.80)_ 2% Chi & East I11 pf(d) 1% Chi Grt West (d) .. 5312 35% 115 73 304 b4l 135 Chi Mil St P&P (d). 27% Cht M St P&P pf (d) 2% Ch&NW(Q).cce 6% Ch1 & N W pf (d).. 12'% Chi Pneumatic Tool 40% Chi Pneu Tool pf... 1% Chi R 1&Paoc (d) 3% Chi RI&P 6% pf td) 3'% Chi R 1&P 1% pf(d) 25 Chile Copper (1)_. 85% Chrysler (86%).._. 15% City Ice & Fuel (2). 727 City Ice&F pt (6%) 4% City Stores... 23% Clark BEquip (1.’0)- 33 Clev Graph Bf (2)_. 48 Cluett P-body a)- 84 Cuca-Cola ( 13 Col‘ltbl’-? (50¢) .. 63% 391 Collins & Ak 13 112% 107% Collins & Atk pt (7) 110% 110% Collins&A pL(7)cld. 8% Colonial Beacon. .. 28\fi Col Fuel & Ir (new) 19% Colo & South 1st pt. 14 Columb G & E ad0c. 90% Col G & B pfA (6)._. 31 Colum Piet vte (11) 94 Colum Carb vte(t4) 44 Comecl Credit (14) .. 56 Comel Invst Tr (4). 14% Comel Solv (60c) .. 2% Comw & Southern. . 59% Comw & Sou pf (3). 7 Conde Nast Pub. 30% Congoleum-N(1.60) 16 Congress Cigar (a2) 15 ConnR& L ptf.. 8 Consol Cigar 27% Consol Edison IM 102 Consol M NY pr(6) % 4% Consol P 20% 15% Cons !ll-d G 8% 3% Consol Laundries... 154 11% Consel Oil (1606) .. Dividend Rate. Add 00. High. 8% 1 Ed 144 83% 2% % 4% 15% 4 49 49 IB% 35% 225 225 =t - 8 » S PUBE R RS UAANAINANN DO I 000 001 D es & & 00 1900 D 00 O St it e o 0 22 BunwetlanaSones 2122 121% 28 18 17w 16 60% 58% Low. Close. Chge. 68% 68% —~ % 225 —4% 28% — % 13% — % £0% -3% 29% 4% - W Y% — % 2 -2 4215 —24 69% + % 61 123% -2Y% 166 — % 50 -24 84 =2 60% —1% 113 43 11 =% 28% — 3% 28 -1 6% + U 28% —1% 221 — W 62 + % 681 3% 18% — 124's + 4 17% — % 30'y -2 284 434 “ou 4 124% ~2% 18 =% 84 -1 10% - % 34 -1y 43 -1 63 ~3% 121% =185 1% — % 5815 ~314 20s 111% 111% 111% 100s 110% 110% 110% + % 108 ~24% 24% 2 36% 35% 40s 31% 31 87 19% 19 2105 104% b 37w 3M% 2 ‘lZlVg 120 15 19 !i 16% 4 T1 46% 45% 3 lozu 107% 4% .l. 'Ni 4! lfli BK Lh—-= 2414 364 —1% 31 -1 19% - % 104% -1 374 — % 120 45% lfl‘ll !7% -lfi T = % L) 5% ConsolR R Cuba ptf.. 2 Cons Coal (Del)vte. 124 Cons C (Del) pf vte. 15% Container Corn (1), 10% Contl Baking (A)... 1% Contl] Baking (B) ... 87% Contl Baking pf (8). 7% 67% Cont’l Can (13)_ 17% Contl Dia Fibre 351 Contl Insur (11.20)_ 21 Contl Motors. ... 283 Cont Ofl of Del(11). 27" Contl Steel (3).__. 55% Corn Ex BK&Tr (3). 63% Corn Prod Ref (3)_. 4 Coty ING.cceecacen. 24 Crane Co 35 Cream of Wh (2).. 15% Crosley Rad (a50c). 43% Crown C& 8 (2)__.. 46Y% Crwn C&S vt ww 24 46% Crown Ck pf xw 2% % Crown Zelleb'k vte. 28 Crucible Steel ... 1% Cuba Co.-. —cccaaun 9 Cuba RRPf-—oeeee 614 Cuban-Am Sugar__. 635 Cuban Am Sug pf... 354 Cudahy Pkg (2%).. 16% Curtis Publishing.. 4 Curtiss Wright___. 1015 Curtiss Wright (A) 43% Cutler-Hammer $1_ 36% Delaware & Hudson 147 Del Lack & West Detroit Edison (14) 4 Det & Mackinac - 30% Diamond Mich t13 38 Dia Match pf t1%._. 18% Dist Corp Seag Ltd. 19 Dixie Vortex (1%)- 41'; Dome Mines (12)_.. 7% Dominion Stores __. 50% Douxlass Aircraft_. 29 Dresser A (bl13%)... 13 Dresser Mfg B___.. 474 Dunhill Internatl_.. 13% Duplan Silk (1) ... 1697 133 Du Pont de N 13.60. 115% 111% Dugquesne Lt 1st (5) 9% 515 Eastern Roll Mills... 186 156 Eastman Kod (15)_ 166 152 Eastman Kod pf(6). 39% 28'4 Eaton Mfg (2) ___. 15% 5% Eitington-Schild_ 47 30% Elec Auto Lite (a2) 114 110% Elec Auto L pf (7). 10 Elec Boat (a60c) .. 5% Elec&Mus In(b24c) 9% Elec Pw& Lt ... 294 Elec Pw & Lt 36 pf_ 32% Elec Pw & Lt $7 pf_ 4 42% Elep Stor Bat (12)_ 114 Elk Horn C pt (d) .. 69 5313 Endicott-John (3)_. 116 110 Endicott-J of (5)._. 8% 5% Equit Office Ba20c. 18% 11 ErieRR 3413 16 ErleRR 29 11% ErfleRR 2d pt 12 Fureka Vac C (80c) 2314 Evans Products (1) 4% Exchange Buffet_. 2% Fairbanks Co_ . 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. 215 Fed Water Sve (A). 20% Fed'd Dept St $1.40. 38 Fid Phoe F 1 (1.20) 247 Firest T&R (a90¢)- 1003 Firestone pt A (6)_ 40 First Nat Strs (23) 30% Flintkote Co (1) 37 Follansbee Bros (d) 24'4 Fost Wheeler new. 95% Foster-Wheeler pf 3013 Fourth Nat Ial.45_ 63 Frank Sim pf (37). 2315 Freeport-Texas (1) 3 31% Fuller Co 2d of ... 3% Gabriel Co (A).... 114 Gamewell C 814 Gen Am Investors__ 42 Gen Am Trans 1% _. 21 Gen Asphalt (b25c) 10% Gen Baking (160c).. B R N NHHNADS ANRON N WO TN e 15% 341 Gen 33% Gen Foods (1.80) ... 7» Gen Gas & Elec (A) 19': Gen GRE 8% pf A 58 Gen Mills (3). - 116 Gen Mills pf (8)___ 5374 Gen Motors (13)... 118 Gen Motors pf (5).. 5% Gen Outdoors Adv_. 18% Gen Outdoor Adv A 38 GenPrint Inka2%. 315 Gen Pub Service__.. 32!5 Gen Ry Signal (1) .. 2 Gen Realty & Util__ 2615 Gen Real&U pf ww_ 331 Gen Refrac (al%). 3214 Gen Stl Casting pf 17 Gen Theatre Equip. 30% Gen Time Inv (1)__. 13% Gfllette Saf Raz (1) 70 Gillette S R pf (5)— 6% Gimbel Bros __ 39% Glidden Co (2) 52% Glidden cv pf(2% )- 37 Gobel (Adolf) 6% Goebel Brew (120c) 12% Gold Dust vte (£0c) 116 Gold Stock Tel(6) - 13% Goodrich (B F). 74 G'drich(BF)pf n(5) 21% Goodyear T & R. 87 Goodyear $7 pt 81 Gotham Silk Hose.. 2 Graham-Paige 1% Granby (24 stpd) .- 314 Grand Union ctfs__. 16 Grand Un pf $87%e. 243 Granite City Stl (1) 281 Grant (W T) (1.40) 32% Grt Northern pf__.. 16 Grt North'n Ore (1) 39 31 Grt West Sug (2.40) 14915 136 Grt West Sug pf(7) 347 22 Green (H L)Co(t1) 95 65 Greene Cananea (3) 80% 48% Greyhound C'p 3.20 31 1% Guantanamo Sugar 39 24 Gulnunlmo Sul 124 19% 9% Gulf Mobi 6214 3015 Gulf Mohiln& Nt 129% 105 Gulf Sta St st 121. 11% 6 Hall(WF)Printing. 22% 14 Hamilton Watch 49% 30% Harbison Walk(2 17 12 HatCorpof Am (Al 15 104% HatCprww 6%) 9 4% Hayes Body ... 41 25% leculu Motor 130 84 Hercules Pow (5)._. 135 126 Hercules P pf (1) 44% 30% Holland Furnace 116 108 Holland Furn vfli) 32% 9 Hollander (t50e).__. 37% 19% Holly Sugar (12)-—. 544 414 Homestake (112) . 44% 397% Houd-Hersh(A)2%. 33 224 Houd-Her (B) t1%. 70% 54% House Fin A (13)__. 12% 6% Houston O1l vte . 577 48% Howe Sound (13)._. 5% 3% Hudson & Manhat_ 21% 131% Hudson Motor Car.. 3% 1 Hupp Motors. 29% 18% [1linois Central ... 54% 30 Illinois Cent pf (A). 13% 4% Indian Refining 38% 25% Indus Rayon (1.68). 13% 6% Inspiration Copper. 7% 5% InsSh Mdcfsa20c. 18% 11% Interboro Rap T(d) 15% 9% Interlake Lron....- 5% 2% Int Agricultural.. 41 22% Int Agricul pr pf-—o 185% 160 Int Bus Mach (16)_. 92 56% Int Harvester 2% 160 148% Int Harvester pL(7) 5% 2% Int Hydro Elec (A). 8 4% Int Mercantile Mar. 63 43% Intl Nickel (1.40)__. 15 3% Int Paper & Pw (A) 6% 2% Int Paper & Pw (B). 1% Int Paper & Pw (C) 68% 20% Int Paper : Pw pf.. 37 Int Print Ink (2) 107 Int Print Ink pf(6) 3% Int Ry Cent Amer._ 19% Int Rwy Cent A pf.. 23 IntSalt (1%) ceeee 47 Int Shoe (13). 15 Int Silver. 50 Int Stlver p 11% Int Tel & Tel %5 10% Interstate D Sasoo. 82 Int Dept Strs pf(7). 24% Island Creek (3)... 58% Jewel Tea (14) 129 88 Johns-Manville 3. 119% 175% Jones&Laugh 1% 46% 39% Kalamazoo B (1) Southern. 26 13 KansCity 48% 19 Kanos City South pt. Q E 2 » 3 YN 50 3 2% 2% I’ lM IDSK 105% ~1 0 169'% 114% T 174 16314 384 14 444 Fd A Lrrrre S - 1% -3 1045 52 3% 4% 34 11 3 ‘ 264% 38% 6 167 12t 6l 25'% 17 % 4 17 2% IOs 128% 1 10% 6 22 3 48% 2 16% 10s 107 8 6 4 38% 1131 408 127 2 39% 20s 111 40 31% 2 33% 100- 18% 18 26% % 21% 21% 40 2% 33% 2% 67 70 5% - 41 37 30% 82Y% 531% 4 12% 49% 1% ll 167% 114% T4 174 163% 3% 138 43 114% %4 174 16314 37% od 13% 5% 13% 5% 14% 68 1% 44y ~1% -3 -% -% —-1% -3% -1% -1 % -2% -4 - 3% -3 -% - n - —1% + % - - u -u -1% -1 § —1% -4 -4 -2 h - % 104% 50% 364 4% 33% 2 17 0% 119% 9 42% 20% 351 147% 34% 875 61 2 23 13 % 54% 128% 10% — 21% 48% 16% 110% 30% 33 2418 418 2 4% 42% 68 9% 52% 4 152% 3 4% 4 27% 20s 105 2 2% 151 151 s & 5% 69% 12% 5% 27 27 105 105 27 27 -1 -1% - 24 - - -1 —-1% o -2% B - % -1 - % -2 -% - + W + 4 +3% -1% -1 -1 -% 5 -1 o -1% 1 85% 85% 85% -2% 6 125% 123% 128% ~1% 60s 116% 1156 115 ~1 1 45% 45% 45% -1% 720 20 20 3 & o 4 -1% 24% Kayser J&Co(a1%) 20 Keisey-Hayes (A).-. 18 Kelsey-Hayes (B)_. 14% Kelvinator (150¢).. 2814 Kennecott C (1.20 19% Kroger G&B (1. 20% Laclede Gas (St L) 32 Laclede Gas St L pt 15% Lambert Co (2).... 12 Lee Rub&Tire(50c) 15% Lehigh Port Cmt 11. 2 Lehigh Valley Coal. 9% Lehigh Val Coal pf. 815 Lehigh Valley R R.. 89 Lehman Corp (13)_ 12 Lehn & 7inkall% _ 371 Lerner Stor 7 Libby McNetll 47% Libby-Ow Gl(a2% ) 25 Life Saver (1.60) _. 97 Ligg & My: (14) 97% Ligg&Myers B (14) 19 Lily Tulip Cup(13%) 25% Lima Locomotive.. 36 Link Belt (11.20)__. 3214 Liquid Carb(1.60) 62% 43 . Loew's Inc (2) ... 1087 104% Loew's Inc pf (6%). 3% 2 Loftinc . 85% Lone Star Cmt (2)_. 3% Long Bell Lum (A). 38% Loose-Wiles (2) . 21% Lortllard (P)(1.20). 13 LaOfl Ref pf (d)._. 20 Louisv G&EpfA 1% 571 Lou & Nash (a4%)- 22% Ludlum Steel (1)__ 33 MacAnd & For (2).. 29 McCall Corp (2).ce. 12} McCrory Stores ... 16 McGraw Hill Pub.__ 38% Mcintyre Porcu (2) 85 McKeesp'tT P (14). 8% McKesson & Rob__. 37% McKess&Rob pf(3). 11'3 McLellan Strs a20c. 27% Mack Truck (1) . 40'« Macy (R H) Co (2)_ 8% Madison Sq G 160c... 34's Magma Copper (2). 1% Manati Sugar (d).. 7 Mandel Bros 14% Man El md gtd (fl) 17% Manhat Shirt (60c). 2% Maracaibo Ol Exp_. 85 Marine M1dld (40c). 1% Market St Ry - 2'4 Market St Ry 18% Market St Ry pr pf_ 41 Marlin-Rock (12) . 11'4 Marshall Field & Co 63 Martin Parry 2715 Mathieson Alk 134 _. 43'% May Dept Strs (2). 1313 Maytag Co.. 12% Mead Corp 65% Melville Shoe (5) 67 Mengel Co 311 Merch & Min T 1.60. 40% Mesta Mach (a3%). 5% Miami Copper 171 Mid-Cont Pet al.15_ % 21% Mid Stl Prod (a2) .. 131!3 110 Mid Stl 1st pf (8) _ 99% 65 Minn-Hon Ros 11%. 110% 106% Minn-Hon R pf (6)- 613 Minn Moline Pwr_ 57% Minn Moline Pwr pt 2% MStP&SSMIisin. 16% Mission Corp 5'3 Mo Kans & Texas.__. 14'; Mo Kans & Tex pf_ 3% Mo Pacific pf «d). __ 19% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg'y Ward 80c_. 44 Morrell J & Co 2.40_ 60'5 Morris&Essex(3%) * Mother Lode _._.. 28% Motor Prod (12).... 154 Motor Wheel (1)... 11% Mullins Mfg (B) .. 70 Mullins Mfg of (7). Munsingwear a2% - Murray Corp e Myers (F E) ('l).- sh Motors (1)___ hvChat & St L. 12'; Natl Acme (a2§e)-. 913 Nat Aviation . 28% Nat Biscuit (1.60)_. 25% Nat Distillers (2)_. 26% Nat Lead (150¢) ... 9‘- Nat Pwr & Lt (60c) 13 Nat Ry Mex 2d pf_. Supply Co pf__. ‘Tea (60¢) . .cee. Newport Ind 32% N Y Airbrake (al).. 2T% NYCentral RR.__ 17% N Y Chicago & St L. 361 NYChi&StLpf_ 10% N Y Dock pf.- 1 NY Investors (d) 3 NYNH&H @) 7% NY NH & H pf (d) 4 N YOntario & West 215 N Y Rys pf (d)_ | 302 210 Norfolk & W (18) .. | 115. 105 Norfolk&Wn pf(4). 10% 6% North Am Aviation 2314 North Am Co (1) 52% North Am Co pf (3) 237 Northern-Pacific .. 2 Norwalk Tire&Rub. 221 Norwalk T& Rpf__ 12% Ohto Of1 (50¢) . 24% Oliver Farm Equip- 17 Omnibus Corp vtc.. 8 Oppenheim Collins_ 24% Otis Elevator (60¢). 1215 Otis Steel_ 70 OtisSteel prof . __. 128 Owens-Ill Gl (a6) - 13 Pac Am Fisher (1). 314 Pacific Coast. 414 Pacific Coast 2d 30% Pacific G & B (13). 4T% Pac Light (12.40) __ 14% Pacific Mills = 118 PaclficT& T (85)_ 11% Pacific W'n Oll b26e 67 Packard Mot(a25c) 12% Pan American Petr. 1% Panhandle Pro & R- 67 Paraffine Co (12)... Tt Paramount Piet___. 59 Paramount 18t pf._ 814 Paramount P 2d pf_ 17 Park & Tilford__ 2% Park Utan - 40% Parke Davis (a1%) 146+ 184 13% 20% 4% 7% 16 113% 15% 29 5! % 50% 31% 10 11% 1% 3 23 Parker Rust P1%. 4% Parmelee Transp't.. 6% Pathe Film Corp.— 10% Patino Mines an~BoeaBcan 4% Penn Dixle Cement. 28% Penn Dixie Cpf A 17 Penna Gl: 284 PennRaiiroad (a1). 30 Peoples Drug (11).. 38 Peoples Gas Chi 25% Pere Marquette 12% Pet C'p of Am a50c.. 10% Pfeiffer Brew (1.20) 25% Phelps Dodge a75c.. 45'% Phila Co 6% pf (3). 8t Phila Rap Tr pf (d) 1% Phila& Read C& 1. 66 Phillip Morris (3)... 7% Phillips Jon 384 Phillips Petrol (11) 515 Phoenix Hoslery.... 8 Pierce Oll pt-. e PY=TSt TP P! T% Pitts Scr&Bal2%e. 32 49 PittsSteeipt_ _. . 180¢ 14 Pitts Term Coal pf. 20l 20% 6% 40! 106% 37% 1 1% 5 4 2 3 58 12 12 Poor & Co (B) ._ 1% Porto R Am Tob B 6% Postal Tel&C pf (d) 17% Press Stl Car new __ 57% Press St Car 2d pf n. Y 40% Proctor & Gam t1% 122% 117 Proc & Gam pf (5) - 49% 39 PubSve N J (2.40). 113 103% Pub Sve N J pf (5). 130 113% PubS8ve NJ pf (6). 66% 36% Puilman Ine (13).. 24% 16 Pure Oll 91% Pure Oil 6% 58% 51'% 20! 119 3 122% 133% 103 Pure O118% pf.._. 19 9 Purity Bakeries 400 % 16% Quaker Sta Ref 80c. l“ 9% Rad10 COMP.oenm--- 68% Radio Corp pf A 3% 4 \ 1 17% 4 151% 1% = & lfl 14 46'% 454% 4 107% 107 122 16% 547 40% - % -21 .t - % - % ‘= % -1 - 1., 8 11% 10% 10% — % 6 Td% 8% 8% - ¥ é4 9% 20 11 RRBSecillCent ... IMJI 19 184 28% Raybestos-M (1%). 35% Reading (2).___. 9% Real Silk Hoslery... 65% Real Silk Hos pt.... 1% Kels (Robt) ... 12% Rels (Robt) 1st pf. 22% Reynolds Met (1).. 25 Reynolds Sprg (1) 50 Reynolds Tob B (3) 32 dzo-n Ante Cal.12__ 74%/Ruberotd Co (1) 5% Rutland R R p 27 Safeway Stores (2). lN‘q 110% Safeway Strs pf (7) ZZ St Josepr L4 (80¢). 4 8t L-San Fran (d).. z'. St L-San Fr pf (4)— 18 St L Sown pf (d)... 11 Savage Arms. ___ 37% Schenley Distill (3) 97 Schenley D pf (53%) 1% Schulte R Strs () . T% Schulte R S pt (d)— 53% Scott Paper (2) —— % Seaboard Afr L (d). 2 Seaboard A L pf(d). 304 Seaboard Ofl (1) 3% Seagrave Corp.-.. 59% Sears Roebuck (2) .. 2% Second Natl Invest 611 Sec Nat Inv pf 12.90 15% Servel. Inc (60¢) 20% Sharon Steel Hoop... 4% Sharpe & Dohme ___ 11% Shattuck F G (50¢). 30% Sheaffer Pen (2) 14% Shell Union O11__ 125% 110% Shell Un Of pf 6% 1415 8% Silver King (60c) 48% 19% Simmons Co (al%) 36 195 Skelly Ol | 132 112 Skelly Ol pf(17%4). Sloss-Sheffield Stl Sloss-Sh Stpfai% - 40% Smith (A O) _ 28'4 21 Snider Packing 17% 12'4 Socony-Vac O (50¢c) 114 110 Solvay Am pf (5%) 4 3% SoAmG & P(a20c). 26 South Port S (12) __ 25 South Cal Ed (1%). 23'; Southern Pacific 12% Southern Railwa 19 Southern Ry pf_ 5% Sparks- Withington. 6% Spear & Co . 29% Spencer Kell (1. §0). 15% Sperry C'p vte (al). 13% Spicer Mfg._ - 63 Splegel-May-S (3)_ 21% Square D(B)a62%c 14% Stand Brands (80c) 129 1207 Stand Brands pf(7) 91; Stand Com Tobaceo 5'x Stand Gas & El (). 913 Stand G&E $4 pf () 26% Stand G&E $7 pf (d) 35 Stand O of Cal (t1). 32% Stand Oil of Pnd t1_ 51 Stand Oflof N J (11 65 Sterling Prod (3.80) % Sterling Secur (A)_ 16'; Stew-Warner 150c. 14% Stone & Webster. Studebaker Corp 78 B4 Superheater (80c). 3 Superior Ol 9% Surerior Steel 23 Sutherind Pap t 20% Swift & Co (1) - 281 Swift Intl Ltd (2) 1 Symington (d) . ... 57 Symington A (d)__. 6% Telautograph (60¢) 5% Tennessee Corp 287 Texas Corp'n (1) 33 Texas Gulf Sul (2 28 Texas&PacRR .. 7' Tex PacC & O a2se 9% Tex Pac Land Trus! 337 Thatcher (1) 85 The Fair pf (7). §15 Thermotd Co__ 24% Thomp'n Prod aé0c. 47s Thompson Starrett. 14% Tide W Asso O f0c. 100% Tide Wat A O pf(6) 12% Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 147; Trans & Westn Air. 10% Transue &W (t60c)_ Tia Tri-Cont Corp a25c. 713 Truscon Steel 2215 20th Cent Fox (al). 31% 20th Cent Fpf1%_ 8% TwinCity RT._ 651 Twin City R T pf_. 274 Ulen&Co . __ 74% Und-Ell-Fisher (3). 38'% Union Bag&Pap (2) 71% Union Carb&C 2.80. 20% Union Ofl of Cal (1) 52% 101% 2813 | 149% 108'; Union Pacific (6)... 90% Union Pacific pf (4) 22% Union Tank C 1.20.. 20% United Atrcraft 13 United Afr Line vte 1 Utd Air L rts Oct29 16 United Am Bosch _ 24% United Bisc (1.60)_. 3 68 United Carbon (3)_. 22% Unit-Carr Fast (2). 5% United Corp 40% United Corp pf (3) 10% United Drug (a50¢) 15 Utd uyewood (al%. l United Elec Coal.. 5 United Fruit (3)- 2 llh United Gas Imp (1 1131 109 United G Imp pf (5) 13 6% United Paperboard. 5 2 U S Distributing.. . % 10 U S Distributing pf 13 US& For'n Secur . 91 US&ForS1st (6)- 24% U S Freight (1) 80% U 8 Gypsum (2)-. 8% U S Hoffman . 49 U S Hoffman pf 2% 31% U S Indus Alcohol - 4'3 U S Leather vtc 10% U S Leather A vte 21% US Pipe & Fy(1%) 7% U8 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)_. 50 Univ Plet 1st pt 3% Utll Pwr & Lt (A).. 1 Vadsco Sales Corp 30 Vadsco Sales Co pf. 16% Vanadium Corp 28% Van Raslte (al%)- 40 Vick Chem (12) . 4 Va-Car Chemical . 28% Va-Car Chem 6% pt 114%5 109 Va El-& Pwr pf (6). 9% 4 Valron Coal&Coke. 36% 14 ValronC&Cof. 86 70 Vulcan Detin (a4). 261 Walker (H) (3).,-- 514 Walworth Co 2% Ward Baking B 9% Warner Bros Pict. 3 Warner-Quin (d)-.. 4% Warren Bros 21 Warren Fay&P(t1) 19% Waukesha Mot (1) 61 Webster Eisenlohr_ 33% Wesson O&S(150¢c). 91% West Pa Elec A (7) 87 West Pa Elec pf (6) 96 t Pa Elec pf (7) 124% 116% West Pa Pwr pf (7) 12% 81 Western Maryland. 95 72l West'n Union (a2)~ 48% 34% West'gh'se A B (1). 1531 94 Westingh'se Bl (4). 180 123% West'g'se 1st pf 3% 19% Weutvaco Ch t40c_. .32% Westvaco 5% pf 1% 21% Wheeling Steel. 18% White Motor. 6% Wilson & Co (50c)— 70 Wilson & Co pf (6)- 44% Woolworth (2.4 23% Worthington Pump 56 Worth Pump pf A-. 47 Worth Pump pf B 62% Wright Aero. 33% Yale & Towne (60c) 8% Yellow Truck 83% Yellow Truck pf 42Y% Young Spr&W (13). 87% 41% Youngs'tn Sheet&T 122 1056 YgstnS&T pf(5%)- 41% 11% Zenith Radio 9% 5% Zonite Products the annual cash Dividend rates ll‘.t'lm i l&l‘ lblr,. Ilnhl.:‘_l,"-"’ " 8 Unit of tri ading less ing_extras, tufllfi)ufld ' revorted reorganized. xRz di L 33% 48% K + | modities were mixed. IN QUIET TRADING Light Offerings Depress Market Fractions to About Three Points. Stock Averages lnuul mu- Uul Blll Net change. -1 —8 —~8 Today, noon 413 526 703 Prev. day.. 420 532 711 Month ago. 404 512 68.1 Year ago.- 251 40.7 527 1936 high_.. 435 534 711 30.2 434 55.1 31.2 447 56.1 495 185 216 348 175 8.7 239 169 146.9 153.9 184.3 157.7 1927 low ... 516 95.3 618 61.8 (Compiled by the Associated Press.) 93.! 947 905 726 95.5 3.4 6.3 BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, October 26.—It re- quired only light offerings today to shake down the stock market fractions to around 3 points. Steel, motor, rail, utility and mer- chandising issues were among the principal casualiites. A little support appeared in the final hour, but losses were widely distributed at the close. Transfers were around 1,450,000 shares, Brokerage reasons for the reaction varied. Some thought it due largely to the desire of traders to lighten com- mitments pending the election. Others pointed out the European un- | settlement and possible repercussions of a flare-up on international markets. Several attributed the reversal to sell- ing for profits following a lengthy ad- vance which has had few interruptions, ‘There was nothing especially dis- " | couraging in business and industrial | news. | and dividends was unabated. The flow of favorable earnings A sustaining influence to sentiment | was the fact the trading volume dwin- dled appreciably on the downturn. Bonds followed stocks closely. Com- Foreign cur- rencies moved within a restricted area. Wheat at Chicago was unchanged to S5 of a cent a bushel higher, and corn - —11 | = | was 5 off to | March, 12 up. A few shares such as United States Industrial Alcohol, Cerro de Pasco and | Hollander & Son were resistant. | NEW YORK COTTON By the Associated Press. NEW YORK, October 26.—Larger | ginning figures than expected and easiness of the stock market caused. increased liquidation in cotton today. Prices sold off to further new low ground for the movement, with Dee cember easing to 11.57 and May to | 1172, Prices were at the lows for the day | at the beginning of the last hour {and at net losses of 11 to 15 points, Canonseed oil. Bleachable cottonseed oil futures closed barely steady; October, 10.07; December, 9.91b; January, 9.85; 10.05b; May, 10.09b. Sales, 47 contracts, including 2 switches, b—Bid. ew Orleans Prices. NEW ORLEANS, Ogtober losses ranging trom 2 to'4 b ch terized opening prices on the Cotton m ket here Today. © Some hedge selling that accumulated | over the week end came in during_the opening minutes and the early losses were extended a point or two. December opened at 1168, then dipped 63. March at 11.73 and May at were & few points under the pre- vious close. The trade was the main supporting influence and took centracts only on the decline Foreign markets were steady. Liv | pool reported quiet trading within a na Tow range Cottonseed oil opened steady: October, 9.60b: December. $.48b: January, 9.50b; March. 9.60b; May. b—Bid. CHICAGO GRAIN ‘to 9.63b. | By the Associated Press CHICAGO, October 26.—Influenced by a closing bulge in Liverpool and by a relatively stronger tone at Winni= peg, Chicago wheat prices averaged higher late today. Traders here sharply watched the securities market as a result of nerv- | ousness over the European political situation. Most of the Chicago buy- ing of wheat was in the December delivery. Wheat closed firm the same as Sat- urday’s finish to 55 higher, December, 115%-12; May, 113% to !2 up; December, 94 4 | oats, unchanged, to i advance and 81% -3% 77 -1 13 123% —2 4% 44— % 1% 17% — % 149% 149% 49% 4Tis 4Th 114 8214 814 €14 —1% EPTCARTL ARt 11 39% 384 384 ~1% 9 8% 8% Sh-—% FRIETEET ¥ |timothy seed, provisions, 5 to 12 cents down. WHEAT— Open. Hizh. Low Des. .....l.l14%a 1.15% 1.14': I 1457 - Chicago Cash Market. Cash wheat, No. 2 hard, 1.22'2; No. | 2 mixed, 1.18: corn, No. 5 mixed, 97'2 mainly white; No. 1 yellow old Iilinois proportional, 1.10; No. 2 yellow. 1.08 kiln dried; No. 2 yellow old, 1.10; No. 3 | yellow, 1.00; old, 109'2; No 4 yellow, 97-9715; old, 1.09; lake billing, 1.08': No. 5 yellow, 94',-95'2; No. 2 white, old, 1.12; No. 3 white, 1.01%; sample grade, 82-92; old, 1.05-.06; oats, No. 1 white, 4412-45Y; No. 2 white, 4313- ; no rye; soy beans, No. 2 yellow, 1.27-27%; No. 3 yeilow, 1.26-.26'2; barley feed, 73-83 nomin; malting, 1.00-.45 nominal; 5.50-.75 hundred- weight; new, 5.25-.50 hundredweight; clover seed, 20.00-27.00 hundredweight. Liverpool Wheat Prices LIVERPOOL. Octover 26 W‘ —Wheat futures closed firm. Prev. close. 1.22% ky, spot. domestic, Winnipes Prices. WINNIPEG, October 26 (#.—Grain range today: WHEAT— High. t. —eeeel.l07s i «». ot 0% 3:’ Toms 1 {08% 1.00% "tl.' in lwllutlmv o beink A43% A43%-41 * A% .43“1