Evening Star Newspaper, October 29, 1936, Page 18

FINANCIAL, NURTHAM[Rl[‘,AN TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE . QUTPUT MOUNTS Sharp Gam Brlngs Profit of $1.60 a Share for 12 Months. BY EDWARD C. STONE. New high records in electric output by the subsidiaries of the North American Co., including the Potomac Electric Power Co, were important factors in the earning of $1.60 per share in the 12 months ended Sep- tember 30, against $1.23 a year ago, President J. F. Fogarty announced in & letter to stockholders received here today. The third quarter's output ‘was 11.19 per cent greater than for the corresponding period in 1935 and 220 per cent better than the previ- ous high record established in the fourth quarter of 1935. i There was comparatively little Bummer dullness to retard the con- tinued growth of business during the third quarter of 1936, the report adds. Operating revenues for the year end- ed September 30 increased 9 per cent, and electric revenues alone increased 8.21 per cent. Greater fuel costs resulted from the «drought in the Middle Western States because steam electric generating plants had to be operated more fully to replace water power. Heavy rain- fall in September ended this extra expense, probably for the remainder of 1936. The gain in net earnings for the year was 20.46 per cent over last year. Total provisions for taxes amounted to $16,663,964, up 16 per cent. Appropriations for deprecia- tion reserves totaled $13,983,928, or 12.27 per cent of operating revenues, equal to $1.63 per share on common stock. A year ago such appropria- ions were equivalent to $1.58 a share. President Fogarty states that North American’s subsidiaries secured 26,- 473 new customers during the year for residential electric service. Com- pared with the 12 months’ period end- ed September 30, 1935, sales to resi- dential customers increased 10 per cent, sales to commercial customers 12 per cent and sales to industrial customers 19 per cent. Representa- tives of the Potomac Electric Power Co. placed a high percentage of in- creased lighting in the homes of Washington, the report adds. In- gtallation of electric refrigerators, yanges and air-conditioning equip- ment has steadily increased, the presi- gent says. Bank Loans Up $400,000,000. The Federal Reserve Board's latest review covering September and the first three weeks of October states that Joans of reporting member banks in Jeading cities, other than loang on gecurities, continued to increase In Beptember and the first half of Octo- ber. On October 14 the volume of these loans was more than $400,000,000 | Jarger than on July 29. About half of this increase was at New York City banks and the remainder principally at banks in Western and Southern cities. Holdings of United States Govern- Iment obligations have declined in re- cent weeks at New York City banks and have increased somewhat at other banks. Deposits of reporting banks fhave continued to increase. Excess reserves of member banks in. treased by $410,000.000 in the five weeks ending October 21, reflecting a reduction of $30C,000,000 in Treasury holdings of cash and balances at the Reserve banks and an increase of $250,000,000 in monetary gold stock, the effects of which were partially off- #et by a seasonal increase in money i circulation and a further growth m pequired reserves, the report says. Heard in Financial Distriet. The Securities and Exchange Com- #nission announces that the Washing- ton National Cemetery Corp. of Wash- ington has filed a registration state- ment covering $225,000 of 5 per cent mortgage bonds due October 1, 1946, and 450 shares of no par value com- mon stock. One share of common stock is to be given with each $500 bond purchased, it is stated. The net proceeds are to be applied to the payment of an outstanding first mortgage, the discharge of existing dndebtedness, for the benefit of for- mer stockholders, and for working capital. William C. Lancaster of New York City is president of the com- pany. The Western Maryland Raiiway geports for nine months ended Sep- tember 30, 1936, net income of $956,- 108 after taxes and charges, equal to ©5.39 a share on 177,420 shares of 7 per cent first preferred stock on which no dividends have been paid. fhis compares with $588,745 or $3.32 @ share on 7 per cent preferred stock in first nine months of 1935. Maryland Displays Thrift. Mutual savings banks in Maryland @re now carrying a total of $2,372,119 in 52,032 accounts in Christmas Sav- ings Club funds, according to a re- port from the national association, which announces a gain of more than $6,000,000 in Christmas savings in the mutual banks in 14 States during the present year. Bond salesmen in the financial dis- trict expect another telephone issue will be placed on the market this Fall, the Ohio Associated Telephone Co. planning to put out about $1,890,000. The proceeds will be used to refund the outstanding issue of 6s, which are callable at 105. Bonbright & Co. is expected to head the underwriting syndicate. The Commerce Department reports that average daily sales of chain stores in September were 5.2 per cent higher than in September, 1935. The greatest gain was shown in fountain sales, which were up 16 per cent. Tobacco sales decreased a fraction of 1 per cent. Heard in Financial District. Farmers’ cash income in September was 16 per cent larger than in the same month last year, largely as the result of unusually large marketings of cotton and live stock, the Bureau of Agricul- ture Economics reported yesterday. Cash income in September was $754,- 000,000, the bureau estimated, com- pared with $635,000,000 in August and $648,000,000 in September, 1935. ‘The Connecticut Mutual Life Insur- ance Co. has sent out a list of “lost policyholders” in which three Wash- ington names appear, Claire C. Cant- ner, Lillian Lucy A. Marsh and John J. Rasmussen. The company - states that 250 policyholders have failed to give any change in address, insurance on the group amounting to $180,000 and dividends of more than $5,000 awaiting payment. Bank Stock Is Strong. American Security & Trust Co. stock was strong on the Washington Stock Exchange today, selling at 266 and 265, close to the year's high mark. Anacostia & Potomac Railroad 55 came out at 7515, Capital Traction 5s were strong at 93 and Capital Transit stock moved at 143, unchanged. , . 1936 125% 54 551 72 6415 137% 5474 90 6415 13% 832% 82 5 14% 2% 895 28% 45 93% 45% 130 36 63% 260 1803, 10213 150 15% 321y 4T 26% 188 50 122 110% Th 62% 15 224 22 119 514 B8Yy 107 A4 534 35 115 304 54l 104 ™ Er 5% 26 41l 493 118 34% 194 125% By Private Wire Direct to The Star. 215 p.m. Stock and Low. Dividend Rate. 59 Acme Steel Co (13). 1 9% Adams Exp (a20¢).. 12 22'% Address'graph(1)_ 114 Advance Rumiey. . 58 Alr Reduction (t1). 2 Alr-Way Elec Appll 13 Alaska Jun (160c)-. 21 Alleg Corp (d) . 12% Alleg pf w$30w (d). 12% Alleg pf wS40w (d). 12% Alleg pf xW (d) ccee 27 Alleg prof (d) e 267 Alleg Steel (11)___. 157 Allted Chem (6) __. 23 Allled Mills (ab0c). 6% Allied Stores 35% Allis-Chalm (1%) .. 19% Alpha Port Cmt (1) 4 Amal Leather. . 33 Amal Leath pf new. 75 Amerada Corp (2) . 49 Am Ag Chm Del(3). 37 Am Bank Note (1) 65 Am Bnk Note pf (3) Am Brake Shoe 1.60 usu Am Can (14) .__ 80 AmCaré& Foundry. 57% Am Car & Fdry pf_. 31 Am Chain(al) 7% Am Colortype 20 Am Comcl Alcohol - 16% Am Crystal S(ab0c) 314 Am Encaustic__ 9% Am European Sec... 63 Am & Foreign Pwr. 25 Am & For Pw §6 pf. 29% Am & For Pw §7 pf. 12 Am & For Pw 2d pf. 13 Am Hawailan (1) __ 5'% Am Hide & Leather. 32% Am Hide & L pf (3) 87 Am Home Pr (2.40) 2x Am lce 9% Am Internatio 23 Am Locomotive _. 2 Am Mach&Fdy(t1) Am Mch&Met adlc- Am Metal Am Power & lehl_ Am Pwré&Lt pf (6). Am Pwr&Lt pf (5)- Am Radiator(alsc) Am Roll M (71.20)_. Am Safety Rn (2)- Am Seating_____ 25% Am Shipbldg (2)__. 56% Am Smelt&Ref (2). 20'3 Am Steel Foundry.. 107% Am Stl Fy pf $2% 24% Am Stores (2) 484 Am Sugar (2) 20% Am Sumatra Tob 3 14913 Am Tel & Teleg (9) 87 Am Tobacco (5) £8'3 Am Tobacco B ( 136 Am Tobacco pf (6 &7 Am Type Found 19's Am Wat Wki T Am Woolen____ 5% Am Woolen pf(Xl)- 3 Am Writ Paper (d). 45 Am Writ Pap pf (d) 33 Am Zinc & Lead . 24 Am Zinc & Lpr pf.. 28 Anaconda Cop (1).. 15% Anchor Cap (60¢c)-. 9 Andes Coppel Archer-Dan-Mall 118 Arch-Dan-M pf (7). 105'« Armour Del pf (7) 4% Armour (lllinois) o 47% Armstrong C (1%). Tis Arnold Const (50¢). §1x Artloom Corp. 12% Asso Dry Good 98 Asso DG 2d pt 36 Assoc Uil (a! 59 Atch To& ealZ . 90% Atch To&S Fe pf(5) 21% Atlantic Coast Line 13% Atl Gulf&W ind pf. 26% Atlantic Ref (1) _ 109 Atlantic Ref pf (4)- 14 Atlas Tack (a7 26% Auburn Auto 5% Austin Nichols 4% Aviation Cord 214 Baldwin Loco (@) — 2% Baldwin Loasd(d). 157s Baltimore & Uhto._. 1 Baltimore & Oh pf_. 417 Bang & Aroos (2%) 110%3 Bang & Aroos pf(7) 21 Barber Co (a50¢c)--. 824 Barker Brospt .. 110s 121 14\ Barnsdall Otl (80c) 11 184% 16% Bayuk Cigars (75¢) 4 18 Beatrice Cream (1) 2 85 Beech-Nut P (13).. 4 134 Belding-Hem (1) . 83 Belg NR pt pf(3.24) 21% Bendix Aviat'n (al) 20 Beneficlal L (t1%). 48 Best& Co (2%) 45% Beth Steel . 16'» Beth St1 6% Df(l)_. 107i; Bethlehe Stl pf(7).. 23 Blgelow-San (1)... 14% Blaw-Knox (60¢)... 13 774 Blumenthal pt 208 167% BoelngeAirplane 8 41 Bohn Alum&Br (3). 2 39 Bon Ami (B) (2%). 40s 25% Borden Co (1.60)—. 11 64 Borg-Warner (13).. 36 6 Boston & Maine . . 1 124 Bridgp't Brass t40c 43Y% Briggs Mfg (12) __ 14% o N 3 32% 3 o D=1 O PUITIS SO PO 4% 4 23 35% 45 112 25% 1204 18% 187 o EY 40s 112 5 25! Bristol Myers (12)_ 40% Bklyn-Man Tr (4)-. 412 BKiyn & Queens 331; Bklyn & Qns pf (18). 44'4 Bkiyn Un Gas (3) .. 814 Brunswick-Balke__ 87 Bucyrus-Erle 115 107'2 Bucyru: 157 14 33% 50 4% 9 9% Budd « 8% Budd Wheel 20% Bullard Co (a50¢) 11} Bulova Watch 25 Burr Ad Mch(t60¢) x 12 215 Bush Terminal (d). 1 8% Bush Terradeb (d). 2 14 Bush T Bldgs pf(d) 7?; > 2% Butte Copper&Zine 16% Byers (A M) . 22 Byron Jackson t1.. 30% California Pkgt1%) 8 Callahan Zinc 6 Calumet&Heca50c. 30 Campbell Wy (11)_. 10% Canada Dry G A 10% Canadian Pacific__. 6% Carrieis & Gen 20c. 9215 Case (J 1) Co 143 116 Case (J 1) Com 84l 105 69U 973 T65% 6% 2% 12% 31% 2% 5% % 12% 20% lll% 4T% T0% 126% 20% 63% 28% 39% 36% 8Th 36 28% 45% 51% 136% 119% 84% 54% Caterpillar Trac t2. 21% Celanese C (a50c) - 19 Celotex Corp 54 Celotex Corp pf $5-. 614 Century Rib Mills.. 47% Cerro de Pasco (4). 42 8% Certain-teed Prod_. 44 57% Certain-teed 6% pf 280s 8015 Certain-teed 7% pf. 20s 101 Champ Paper pf(6) 40s 221 Checker Cab Mfg__. 59 Chesapeake Corp(3) 51 Ches & Ohilo (2.80). 2% Chi & East 111 pf(d) 1% Chi Grt West (d) ... 4 ChiGrt Wpf(d)__. 25% Chi Mail Ord(11%). 1% Chi M1l St P&P (d). 2% Cht M St P&P pf (d) 2% Chi &N W (d) 6% Chi & N W pf (d)._. 12% Chi Pneumatic Tool , 40% Chi Pneu Tool pf.. 1% Chi R 1&Pac (d) ... 313 Chi R I&P 1% pf(d) 17% Chickash Cot Ofl. 0 S 169 1 09 63 0 OV 19 i 9 O 80 1t 1t W 47 126% 18% 184 30s 85% 85% 12 10% 10% 1 34 34 15% City Ice & Fuel (2). 2% City Ice&F of (8%) 43, City Stores. 23% Clark Bquip (1.20). 107% Clev El Illu pf 4% . 33 Clev Graph Br (2)_. 48 Cluett Puboay a)- 84 Cuca-Cola (2 13 Colgate-P-P (50¢).. 393 Collins & Alk 13 81 Colonial Beacon.... 1208 28% Col Fuel & Ir (new) 5 21% Colo & Southern... 360s 19% Colo & South 1st pf. 60s 16 Colo & South 2d pf- 200s 14 ColumbG&E Ilflo 39 31 Colum Pict vie ( 3 42% Colum Pic cv pf Nt 94 Colum Carb vte(14) Comel Credit (14)_. IWk Comcl Credit pf 4% 55 Comel Invst Tr (4) 97 Comel In T pf (4%) 14% Comcl Solv (60¢) . 21 Comw & Southern. 59% Comw & Sou pf (3). 7 Conde Nast Pub.__ 30% Congoleum-N (1.60) 15 ConnR&L pt 8 Consol Cigar. 43% 4 66 3 1 24 23 17 82 1122% 57 16% 4% T4% S 20 14% 88 ’l’ es— Add 00. l!‘Ilb‘ Low, Close. Chge 34 2111 111 111 2 +4+ FEFS +l+1+++ 1 ++++4+++ + Net ++ + F3 PELEF ¥ ¥ 7 . R et & s @ EEsEsFssasase LA A+ © FOF 5 EFEEFEFEE 5 L Prev. High. Thh 20% 8% 15% 11 18% 1697, 133 115% 9% 185 156 39% 15% T0% 55% 2% 92 124% 394 49'9 334 105'5 100% 52"; ll‘ 4Tl 38% 127 4313 9% 35% 75 53% ) 19% 1313 10415 63% 17% 11% 21% 110% 2:15 p.m. 1936 Stock and Low. Dividend Rate. 4% Consol Film 15% Consol Film pf (Xl) 3% Consol Laundries.. 11% Consol O1l (160c)... 5 ConsolR R Cuba pf. % Consol Textile (d). 2 Cons Coal (Del)vte.. 124 Cons C (Del) pf vto. 15% Contatner Corp (1), 0% Contl Baking (A) ... 1% Contl Baking (B) . 67% Contl Baking pf (8) 671 Cont’l Can (13)____. 17% Contl Dia Fibre(2). 3513 Contl Insur (11.20)- 214 Contl Motors 2814 Cont Ofl of Del(+1). 26% Contl Steel Corp(1) 63% Corn Prod Ref (3) 4 Coty Inc 24 CraneCo _ 85 Cream of Wh (2) 15% Crosley Rad (aSoc). 43% Crown C& S8 (2) 46Y% Crwn C&S vf ww 2% 7% Crown Zelleb'k vic. 28 Crucible Steel 951 Crucible Stl pf (33). lh Cuba Co. 64 Cuban-A. 63's Cuban Am Sug nf._. y Pkg (2%)-. Publishing.. 1014 Curtiss Wright (A) 43Y% Cutler-Hammer 1. 7% Davega Stores 1300. 52 Deere& Co.. - & Co pf Deisel-Wem-G (11) Delaware & Hudson Del Lack & West Detroit Edison (t4) Devoe&Rey (A) (2) Diamond Mteh t1% Dia Match pf t1% .. Dist Corp Seag Ltd. Dixie Vortex (1%)- Dome Mines (12)_.. Douglass Atrcraft.. Dresser Mfg B __.. Dunhill Internatl_.. Duplan Stlk (1) ..o Du Pont de N 13.60_ Duquesne Lt 1st (5) Eastern Roll Mills_. Eastman Kod (16)-. Eaton Mfg (2) ... Eitington-Sehild . Elec Auto Lite (a2) Elec Auto L pt (7). Elec Boat (a60c) ... Elec&Mus In(bZ24c) Elec Pw& Lt .. Elec Pw & Lt $6 pt_ Elec Pw & Lt $7 pf_ Elec Stor Bat (12). Elk Horn Cpf (d) .. Eng Public Service. Equit Oftice B a20c- 111% 5l 284 5% 30% Evans Products (1) Exchange Buffet. Fairbanks Co. Fairbanks Co pf Fairb'ks-Morse(t1) Fajardo Sugar (2).. Federal Lt & Trac_.. Fed Min & Smelter_ 4 Federal Mot Tr 40c. Fed Water Sve (A). Fed'd Dept St 11.40. Fid Phoe F 1 (11.20) % Firest T&R (a90c). Firestone pf A (6)-. First Nat Strs (234) Flintkote Co (1).__. Follansbee Bros (d) Food Machine (1) Fost Wheeler new_. Foster-Wheeler pf Fourth Nat 1a1.45_ Frank Stm pf (37) .. § Freeport-Texas (1). FullerCoprpf.__.. Fuller Co 24 0f o Gabriel Co (A)eeeen Gamewell Co 4 Gen Am Inve: Gen Am Inv pf (6) . Gen Am Prans 1% .. 10’l Gen Baking (160¢)— 40 30% 3% 32 24 95% 3014 3414 Gen Electric (1 ).... 33% Gen Foods (1.80) 7 Gen Gas & Elec ( 14 GenG&E 6%cv pfA 19' Gen GRE 8% pf A_. 58 Gen Mills (3)_ __——o 123 1!5 Gen Mills pf (6) ... 122". 10% 534 110 6% us Gen Motors pf (5). 5% Gen Qutdoors Adv._. 18% Gen Outdoor AQV A. 105 Gen Print Ink pf(6) 315 Gen Pub Service___ 32% Gen Ry Signal (1).. 2 Gen Realty & Util__ 261 Gen Real&U pf ww._ 33% Gen Refrac (ally). 3213 Gen Sti Casting pf 17 Gen Tha Eq (al.10) 13% Glllette Saf Ras (1) 70 Gillette S Rt (5) 6% Gimbel Bros. 84 Gimbel Bros pf (6). 39% Glidden Co (2) 52% Glidden cv pf(2%)- 37 Gobel (Adolf) 6% Goebel Brew (120¢) 12% Gold Dust vte (€0c) 13% Goodrich (B F)_ 74 G'drich (BF)pf n(5) 21% Goodyear T & R_. 87 Goodyear $7 pf (4). 8% Gotham Silk Hose.. 2 Graham-Paige 1% Granby (24 stpd) - _ 16 Grand Un pf (11%) 241 Granite City Stl (1) 32% Grt Northein pf___ 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) 149‘4 136 Grt West Sug pf(7) 84% 80% 39 19% 6215 63 129% 105 11% 22% 49% 17 115 9 41 80 447 22 Green (H L)Co(f1) 48% Greyhound C'p 3.20 24 Guantanamo Sug pf 91 Gulf Mobjle & N___. 303 Gulf Moblle & N pf. 28% Gulf Sta Steel . Gulf Sta Stl 1st 121 6 Hall(W§)Printing. 14 Hamilton Watch _. 30% Harbison Walk(2)_ 12 Hat Corp of Am (A) 10414 Hat C pr ww (63%)-. 4% Hayes Body ... 254 Hercules Motor (1). 587 Hershey Choc (3)-- 30% Holland Furnace... 116 108 Holland Furn pf(5) 334% 3% 33 T0% 6% 41 185% f%o 9 Hollander (t60¢).. x 19% Holly Sugar (2) . 39% Houd-Hersh(A)2%. 22% Hou er (B) 11%. 54% House F'in A (13)... 65% House Fin pf t3% - 6% Houston Ofl Ve 48% Howe Sound (13) . 3% Hudson & Manhat... 13% Hudson Motor Car. 1 Hupp Mot 18% Lliinots Central 30 Mlinots Cent pf (A) 58 Il1Cent Ise lines (4) 414 (ndian Refinin, 25% Indus Rayon (1.68). 88% (nland Steel (3) __. 6% Inspiration Copper- 5% Ins Sh Md cfsa20c_ 11% Interboro Rap T(d) 2% Intercontl Rubber-. 9% Interlake Lron. .- 2% Int Agricultural ... 22% Int Agricul pr pf-—. 160 Int Bus Mach (16)_. 56% Int Harvester 2% 148% Int Harvester pf(7) 1% Int Paper & Pw (C) 20% Int Paper & Pw pf.. 37 IntPrint Ink (2)-.. 3% Int Ry Cent Amer. 3 Int Ry Cent Am vto 15 IntSilver _——ceee- 50 Int Stlver pf-—emm-. 11% Int Tel & T 10% Interstate D Sas0c. 82 Int Dept Strs m'n 15 intertype Corp (1. 24% Island Creek u) & 88 Johns-Manville 2. 5% Jon & L 7% pf11%. 39% Kalamazoo 8 (T1).. 13 Kans City Southern 19% Kans City South p... 17 Kaufman Dep 8 (1) 24% Kayser J&Cfl(lll) 20 Kelsey-EHayes (A 18 w—a:- Sales— - Net + % 18% + % Y 18% 7 % W 18% 7 ° —re - S U N TR T R L A P FESTEE EFIEF © # LI+ 4+ 444+ 144+ 144 +++4+ 2" se¥s"sess Uh+d+44ttel414 34y 62% 314 1314 5414 % 52t 128% 10% FFE FEPFE FEFIVIP 1 167 167 167 -1 91% 89% 91% +1% 1 152 152 152 + % 5 % 5 +% 5% 5% + % 61% 61 61% + % 4% 1% + % 6 6% + % 3% + % 68% +1% 42 +1 9 27 3 67% 4 9% 9 21 80 124 28% 10!% 103 103 19% 19% 19% — % 28% 28 28 1294, 127% 129% +2 124% 119% 124% +5% 46 46 46 - U 20% 19% 19% — % 41% 40% 41% + Y 29 284 29 +1 26% 26% 26% — % 21% 21% 21% + % 18% 18% 18% + % Prev. 1936 Add oi?. msxk us'. clo;n. Chge. |€igh. Low. 26% 57% 24% ) 507% * 28% 110% 28 33% 50% 26% 17% 113 26% 12% 29% 485 13115 99Y% 116 12% T6'% 2% 264 9% 33% 150 2% 3053 28! 146 13% 4% Td% 16!3 119 15% 29 5% 50% 31% 10 Stock and Dividend Rate. 14% Kelvinator (160¢) . 28% Kennecott C (1.20) . 17% Keystone S&W (2). 3% Kinney (G R) Co... 30 Kinney (G R) pf___ 20% Kresge (88) (11)_. 101 Kresge (S 8)pf(7). 19% Kroger G&B (1.60). 15% Lambert Co (3) ... 12 Lee Rub&Tire(50c) 15% Lehigh Port Cmt t1. 9415 Lehigh Por C pf (4) 815 Lehigh Valley R R 89 Lehman Corp (13)_ 12 Lehn & Tinkall . 37% Lerner Stores (12). 7 Libby McNelll & L 4T% Libby-Ow Gl(a3%) 97% LIRR&Mvers B (14) 19 Lily Tulip Cup(13%) 36 Link Belt (11.20) .. 3214 Liquid Carb(1.60).. 43 Loew’s Ine (12)_ 2 Loftine. ... 85'% Lone Star Cmt (2) .. 3% Long Bell Lum (A). 38% Loose-Wiles (2) .. 107 Loose-Wiles pf (5)._ 21% Lorillard (P)(1.20) 142 Lorillard (P) p£(7). 13 La Oll Ref pf (d) .. 20 Loulsv GXEpfA 1% 57%- Lou & Nash (a4%). 22% Ludlum Steel (1).. 33 MacAnd & For (2).. 29 MeCall Corp (2 12% McCrory Stores . 92 McCrory Strs pf(6) 16 McGraw Hill Pub 38'% Mclintyre Porcu (2) 85 McKeesp't T P (14) 8% McKesson & Rob . 37% McKess&Rob pf(3) 11'4 McLellan Strs a20c 97% McLellan Strs pf(6) 27% Mack Truck (1) . 40% y (R H) Co (2). 8% Madison Sq G t60c... 34'3 Magma Copper (2). 7 Mandel Bros. ... 14% Man El md gtd (d). 2% Maracaibo Ofl Exo_ 813 Marine M1d1d (40c) 1'4 Market St Ry. 18% Market St Ry pr pf. 41 Marlin-Rock (12)__ 11'4 Marshall Field & Co 615 Martin Parry 27 hieson Alk 1%.. 43% May Dept Strs (2).. 1315 Maytag Co 46 Maytag pf ww (3)_. 12% Mead Corp b5 Melville Shoe (5)-_. » Mengel Co 50 Mengel Co pf 40% Mesta Mach (a3%). 5% Miami Copper 17% Mid-Cont Pet al.15. 21% Mid Stl Prod 110 M1d Stl 1st pf (8) 65 Minn-Hon Ros 11%. 106'¢ Minn-Hon R pf (6). 6% Minn Moline Pwr._ 57% Minn Moline Pwr pt 1% M St P&S S Mari 16% Mission Corp _ 5!3 Mo Kans & Texas _ 1413 Mo Kan & Tex pf A 2» Missour: Pacifictd) Mo Pacific pf (d) __ 19% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg'y Ward 80c_. 60's Morris&Essex(3%) % Mother Lode 28% Motor Prod (12) 15'a Motor Wheel ay_ = 11% Mullins Mg (B) _. 44 Murphy G C (1.60). 14 Murray Corp 43 Myers (FE) (12)-- 15 Nash Motors (1) ... 1215 Natl Acme (a30c)- 913 Nat Aviation . 28% Nat Biscuit (1.60). 153 Nat Biscuit pf (7). 2114 Nat Cash Reg (50c) 21 Nat Dairy P (1.20) 107% Nat Dairy P of A(7) 10713 Nat Dairy P pf B(7) 10 Nat Dept Stores.... 25% Nat Distillers (2) 137% Nat Lead pt B (6) .. 9% Nat Pwr & Lt (60¢c) 57% Nat Steel (13) 197 Nat Supply Co. 7T4's Nat Supply Co pf-. 77 Nat Tea (60c) 10% Natomas (180¢) - 32 Neisner Bros (2) 41 Newberry (JJ) 2.40 10} New Orl T&M (d) .. 9 Newport Industries 3214 N Y Airbrake (al) 27% N Y Central R R___. 17% N ¥ Chicago & St L. 36's NYChi&StLpf... 3t N ¥ Dock _— 10% N Y Dock pt- 119 NY & Harlem 1 N Y investors (d).. 3 NYNH&H ). 7% NY NH & H pf (d)_ 4 N YOntario & West 21 NY Ryspf (d)__ 913 N Y Shipbuilding 210 Norfolk & W (18) 6% North Am Aviation. 23% North Am Co (1) _. 52% North Am Co pf (3) 237 Northern Pacific. . 2 Norwalk Tire&Rub. 19 Norwalk T& Rpf. 124 Ohto O1l (50¢) -. 2414 Oliver Farm Equip. 17 Omnibus Corp vic_. 24% Otis Elevator (60¢). 1215 Otis Steel. 13 Pac Am Fisher (1)- 30% PacificG & E (1%). 47% Pac Light (12.40).. 14% Pacific Mills . - 118 PacificT& T (a5)_ 67 Packard Mot(adsc). 13 Panhandle Pro & R. 181 Panhandle P&R pf. 7l Paramount Plct. 59 Paramount 1stpf__ 84 Paramount P 2d pf_ 174 Park & Tilford 2% Park Utah __ 40% Parke Davis (a1%) 23 Parker Rust P13%.. 4% Parmelee Transp't. 69 Penney(JC) (ll%) 31 Penn Coal & Coke__. 414 Penn Dixie Cement. 28% Penn Dixie Cpf A 17 Penna Glassctfs__. 281 Penn Rallroad (al). 30 Peoples Drug (1) 25'% Pere Marquett: 25% Phelps Dodgea’c. 45% Phila Co 6% pf (3) 81% Phila Co pf (6) new 3% Phila Rap Tt (d) . 1% Phila & Read C& 1. % 66 Phillip Morris (3)-. 38% Phillips Petrol (t1) 5% Phoenix Hoslery__. 114 Plerce Petroleum __ 29% Pilisbury Fl (1.60)_ T% Pitts Scr&Bal2%e 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) 17% Pressed Steel Car__ 18% Press Stl C 1st pf - 574 Press St Car 2d pf n 40% Proctor & Gam 1% 9% 39 PubSve N J (2.40) llB 130 65% 24% 118 133% 19 19% 14% lfl ll‘ 103% Pub 8ve N J pf (5). 113% Pub Sve N J pf (6). 367% Pullman [ne (1%). 16 Pure Oll 91% Pure O1l 6% pf____. 103 PureOil8% pf_.... 9% Purity Bakeries 400 16% Quaker Sta Ref 80c. 9% Radlo Corp. lmmucluvtllu NM » amioRusNsTuanos 0o 835 SEma o et D 00® 50O O 00 b R Y 11% FEEEEF ¥ N FFEEESEE 14+ +++++ F8 ERER FEFFASEFIIIEE R AR T & o S [ +4 10 F P OEEIT TEFF FIPEFES b4 -0 Y 105&6 106‘6 87% 22!‘ 22% 6% 2% 10% 184 18% 58% 51 46% 107% 107% 1+ ++ F FEREF aF EEFFER 101% 107'4 107% 19 11% 4% % 13% 18% 19 -% 1%+ % 4% — % ™% + % 18% + ¥ Prev. 1026 digh. 22! 40% Low. 12% Rellable Stores ... THE EVENING STAR, WASHINGTON, D. C, THURSDAY, OCTOBER 29, 1936. FINANCIAL. 2:15 p.m. Stock and Dividend Rate. 17% Rem Rand (160e)_. 77 Rem-Rand pf (6)... 4% Reo Motor Car..... 16% Republie St ! 77 Republic Steel pi 8% Rep Stl prof A (6). 10 Revere Copper..... 90 RevereC & B pf. 22'% Reynolds Met (1) __ 25 Reynolds Sprg (1)- 50 Reynolds Tob B (3) 19% Ritter Dental a25c.. 32 Roan AnteCal.12_. 27 Safe Stores (2). Strs pt (6) 114' 110% Safeway Strs of (7) 327 22 St Josepr L4 (80c). 1% St L-San Fran (d).. 7' St L Southw'n (d)_. 18 St L Sown pf (d) 11 Savage Arms 37% Schenley Distill (!) 1% Schulte R Strs (d) . 7% Schulte R S pf (d 53% Scott Paper (2) 7 Seaboard Alr L 30' Seaboard O1l (1).._ 314 Seagrave Corp 59% Sears Roebuck (12) 15% Servel. Inc (60c) 20% Sharon Steel Hoop. 4% Sharpe & Dohme___ 11% Shattuck F G (60¢c). 14% Shell Union Oil. . xzv-. 110%5 Shell Un Of1 pf 63— 14'% CR ) 19% 81, Silver King (60c) 19% Simmons Co (all 19'5 Skelly O11 54 Sloss-Sheffield Stl - 65% Sloss-Sh St pfas% - 401 Smith (A O) . 21 Snider Packing 1214 Socony-Vac O (50c) 3% So Am G & P(a20c). 26 South Port S (12)_. 25 South Cal Ed (13). 23'3 Southern Pacific 12% Southern Rallwa 19 Southern Ry pf_. 5% Sparks-Withington. 29% Spencer Kell (1.60). 157 Sperry C'p vto (al). 13% Spicer Mfg.____ 44 Spicer Mfg pf (3) 63 Spiegel-May-8 (3)_. 21% Square D(B)a62%0. 14% Stand Brands (80c). 915 Stand Com Tobacco. 5'% Stand Gas & El (d). 915 Stand G&E $4 pf (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 pt (d) 2 Stand Inv Corp.___. 35 Stand O of Cal (11). 32% Stand Ofl of Mnd t1_ 51 Stand Ollof N J (11 24% Starrett(L 8)11.40. 65 Sterling Prod (3.80) 2% Sterling Secur (A) 813 Sterling Secur pf 48 Sterl Sec 1st (312 16'5 Stew-Warner t50c. 14% Stone & Webster___ 9'a Studebaker Corp.... 72 SunOll (t1). .. _. 27 Superheater (80¢c)._. 3 Superior Ofl. 9% Surerior Steel . 23 Sutherlnd Pap 11.60 20% Swift & Co (1) 14 Symington (d) . 57 Symington A (d)__. 6‘. Telautograph (60c) 28 Texas&PacRR .. 75 Tex Pac C & O a2Se. 9% Tex Pac Land Trust 837 Thatcher (1)._. &% The Fair___. 8'3 Thermoid Co 24% Thomp'n Prod a60c. 47 Thompson Starrett. 14% Tide W Asso O 60c. 106'3 100% Tide Wat A O pf(6) 24 72Y% 15'1 32% 21 32 324 ll'l 111 9 % 487 96‘ 149% 115% U S 1214 Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 147 Trans & Westn Air. 7Tia Tri-Cont Corp a25c.. 4% Truax-Tra Coal . 2214 20th Cent Fox (al1). 313 20th Cent F pf 1% 8% TwinCity RT. 65% Twin City R T of. 274 Ulen & Co T4% Und-Ell-Fisher (3). 3815 Union Bag&Pap (2) 1% Union Carb&C 2.80. 20% Union O1l of Cal (1) 10813 Union Pacific (6) ... 22% Union Tank C 1.2 20% United Alrcraft 13 United Air Line 16'¢ United Am Bosch_.. 24% United Bise (1.60).. United Bisc pf (7). 68 United Carbon (3).. 5% United Corp————_-- 40% United Corp pf (3) 10% United Drug (ai0c) 93 United Dyew pf (7) 4 United Elec Coal__. 324 Unit Eng & F (2). 66% United Fruit (3).. 14% United Gas Imp (1) 109 United G Imp pf (5) 10 U S Distributing pt. 13 US& For'n Secur._. 24'% U S Freight (1) ... 80%3 U S Gypsum (2).... 87 U S Hoffman 49 U S Hoffman pf2%. 31% U S Indus Alcohol.. 413 U S Leather vtc _.. 10% U S Leather A vtc__ 21% US Plpe & Fy(1%). 7% U S Realty & Imp__ 16% U S Rubber__. - U S Rubber 1st pf__ 72% U S Smelting (a10) 46% U S Steel . - Steel pf (7).~ 168 160 U S Tobacco pf (7). % 86 5 United Stores (A) . 57% Univ Leaf Tob (13) 165 153 Univ Leat T pf (8)- 18 7 25 54t 274 50 UnivPlet1stpf_ __. 3% Utll Pwr & Lt (A) .. 1 Vadsco Sales Corp 30 Vadsco Sales Co pf. 16% Vanadium Corp - 28% Van Raslte (al%)- 4 Va-Car Chemical - 28% Va-Car Chem 6% pt 48% 114)2109 Va El-& Pwr pf (6) 4% 124 4 9% 95 48% 153% 2% Wabash (d) 5 Wabash pr A (d)-. 4% Wabash pf B (d)... 94 Waldorf Sys t1.20.. 30 Walgreen Co (2)..- 26% Walker (H) (2)eeee 5% Walworth CO-—eeee 107% Ward Baking A-—— 24 Ward Baking B. 9% Warner Bros Pict.. 44 Warner Bros pic pf. 14 Warner-Quin (d)--. 33% Wesson O&S(t50¢c). 78 Wesson O&S pf (4). 84 Western Maryland. 2 Western Pacific . 514 Western Pacific p 72% Wost'n Union (a2)- 34% \Vost'gh’ 941 Westingh' 160 123'% West'g’se 1st pf 3% 36% 28% 41% % Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 AM...___. 370.000 1:00 P.M.ooe., 930,000 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly declarations. 8 Unit of trading less than 100 shares. ¢ Annual rate—not including extras. % Accumulated dividends. b Paid last year. d Companies reported in receivership or being dividend. 19% Weutvaco Ch t40c_. 32% Westvaco 6%pf 1% 21% Wheeling Steel..... 18% White Motor 13% White Rk M S(1.40) 16 White Sew Mch pf._. 6% Wilson & Co (50c). 70 Wilson & Co pf (6)— 44% Woolworth (3.40) 23% Worthington Pump 56 Worth Pump pf A 62% Wright Aero....-.. 63 Wrigley W ir (13).. 41% Youngs'tn Sheet&T 11% Zenith Radio L 5% Zonite Products. reorganized. XEx Bales— 308 124 129 267 311 57% 26% 53% 39% 20s 110 308 111 33% 2 13 36 167 50% 64% 14 33% 96'5 29% 263 % 17% 26% 2 125% 9 10 23 4675 13 36 208 3% 100u 100 504 22 174 41y 29% 31% are oo PAR N e le am XDaw amaSana Ragwmmone 4 1501 100; lS‘ 12 8614 160 208 102 24 4 70 2% 170s 51% 6 23% 5 467x 51y 40'y 261 31% 57 2614 53% 38% 110 111 32% 17 13 36 15% 50 2% 17 64% 1 33% 7 95% T 171 26% 125% 10 46%% 2% 100 Th l 104‘2 101' 228, 669 145% 17% 97n 8l 323 404 147 95 3% 82 474 9915 234 1495 163% 1013 3% 2% 50s 83 82 50s 121% 121 2 % 12 18% n Net Add 00. High. Low. Close. Chge. + % +1% 89% 5% 24% 117% 99 O o e e R o S I S S s I+++1+1 44 + o 19 O o T S I R IR R Ut o FrEFFFEES 33% +2% T, — % 1% 39% - 81 N 94N —2% 107 -1 123 +1 9% 2 6 95 152 25 -1 34% + % 32% + % 24% +1% 15% + % 29% + % 84 1% - % 61% +1 4% +1% 82% + % l;lu =3 1% + * N 18% 18% + % 108 150% 504 150% 4 49 19 86 6 38% 3 8 12:00 Noon. 2:00 P.M.. 48% 48% — % 854 38 8 86 +1 38% + N 8 + % 710,000 . 1,150,000 8 Paid this year. = +4% 43 - % |8 146% +1% SELEGTIVE BUYING IMPROVES STOCKS Some Specialties Up 110 5 or More—Other Groups Gain Slightly. Stock Averages o offs oy ey 526 101 522 0.4 51.0 67.7 a4 526 534 111 434 557 447 mflol R ll us. Rai Net chlnge. e G Today, noon 94.5 41.7 Previous day 94.1 41.5 Month ago.. 90.2 39.6 Year ago. 722 247 1936 high_.. 95.5 43.5 1936 low... 734 302 1935 high.. 763 31.2 1935 10W.... 49.5 185 21.6 1932 low. 175 8.7 239 1929 high...146.9 153.9 184.3 157. K] 1927 low ... 51.6 953 618 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associatea Press Financial Writer. NEW YORK, October 29.—Special- | ties tipped the scales substantially in | the stock market's favor today, & number bounding forward 1 to 5 or more points to new five-year peaks. A few alcohols, coppers, motors, | utilities and rails tilted upward mod- | erately. Buying inspiration was de- .n.ed from a flood of bright earnings | statements and generous dividends. | Light dealings throughout put the | turnover at around 1,550,000 shares. The relative smaliness of the vol- ume was again attributed by brokers mainly to the disinclination of trad- ers to expand commitments to any great extent pending the election. There were a few weak spots here 1, (and there, but selling was absorbed generally without unsettling effects. Pittsburgh United Corp, opening above 6, broke more than 3 point: | when the company’s directors notifiec preferred shareholders of their right to liquidate next March. The cor- poration’s assets consist principally of U. 8. Steel common stock. Unles: steel advances sharply before Spring it was believed little or no equity would be left for Pittsburgh commor share owners if the preferred issue i | paid off. tParamoun first preferred jumpe¢ around 6 points on expectations ac- crued dividends on this stock can be paid, at least in part, soon. Conspicuous gainers included U. § Industrial Alcohol, American Com- mercial Alcohol, Cerro de Pasco, Ana- % |conda, MclIntyre Porcupine, Dome ,, | Western Union, International Pape: | & Power preferred, North American, * Johns-Manville, Santa Fe, N. Y. Cen. | tral. Atlantic Coast Line, American ? | Rolling Mill, Continental Baking “A," \ Celanese, Savage Arms, Fajardo Sugar, Collins & Aikman, Libby-Owens, Warner Bros, Chrysler, Hudson Motors, Waukesha Motors, White Motors and Deisel-Wemmer. BORG-WARNER EARNS PROFIT OF $4,861.644 BY the Associated Press. CHICAGO, October 29.—Borg-War- ner Corp. and constituent companies ‘repaned first nine months consoli- | dated net income of $4,861,644 com- pared with $4,213,008 the correspond- |ing 1935 period. This was equal to $4.14 a share on | the common stock outstanding after | payment of preferred dividends. No provision was made for the | Pederal tax on undistributed profits, NEW YORK COTTON BY the Assoctated Press. NEW YORK, October 20.—Early advances of 4 to 6 points in cotton today on trade buying met renewed liquidation and Southern hedge sell- ing. January sold off from 11.71 to 11.60, with the general market showing net losses of 5 to 7 points. Prices at the beginning of the last hour were at or within a few points of the lows. Futures closed steady, 3 .P £ ~ | 1 J'.t‘ 1 to 5 lower. December 1llnuu'y Cottonseed Oil. Bleachable cotton seed oil futures | closed steady. December, 9.89b; Jan- uary, 9.93b; March, 10.02b; May, 10.09. Sales, 25 contracts, b—Bid. New Orleans Prices. NEW ORLEANS. October 29 (P.—Small losses predom:nated at the opening of trad- ing in cotion here today. Declines were held to 1 to 3 points, but the ‘trend was definitely lower. Long liguidation. hedge selling’ and. evening. up of commitments by Dprofessionals who wished to be out of the market over eiec- tion day supplied plenty of contracts. On the buying side scattered purc by ‘trade interests. mills fixing prices, megt. cember opehed net unchanged at 11.63. but March at 11.66 was 2 points lower and May at 11.69 was off 3 points. peSouignseed oil futres opened steads: r anuary. 9.44b; Marc 9.55b; May, 9.60b.” b—Bid, T sing with spot houses an was the main develop- Liverpool flulllllon! 0OL. October —Cotton, 11 mm bales. inctuding 500 Ammc-n Spot ofdir demand: b points iower. in pence: America % 83" Food middlin middiing. 6. Iuw‘ ‘middling %8 migaline. 5 ll” T sanuary, £60. Marche 6,587 May, 6.55: July. an' afen, 6 35; ——— INSURANCE STOCKS NEW YORK. October 20 (), — Securlly Dealers” Association: " TOE Aetna Cas (2a) Fir Glen Falls (1. 50) Globe & Rep’ (a Giol Rut ST e FEEE i Pt MDD RERBESERIEE SR & PN L NEW YORK. October 20 #.—Copj steady: electrolytic. spot and future. i t. 10.2) :, gpo nearby; n 8 future, '4.85. Iron. .lunln A | quicksiyver, Dlatinum and volfnnm un<