Evening Star Newspaper, November 14, 1936, Page 22

THE EVENING STAR, WASHINGTON, D. C, FINANCIAL. A—14 =% FINANCi1AL SATURDAY, NOVEMBER 14, 1936. PRESS BUILDING TRANSACTIONS ON THE NEW YORK ST?CK EXCHANGE ‘BONDS AT PEAKS First 3s of 1950 Score Re- markable Gain, Now at 72V/, Bid. BY EDWARD C. STO! Among real estate bonds now sell- ing at their highest prices in 1936 aré National Press Building Corp. first 3s of 1950 currently quoted at %21, bid. They have scored a notable gain this year, the 1936 low being 60'2, made on January 18. Earnings of the corporation dur- ing the first six months of 1936 were at the rate of more than 7 per cent annually on the first mortgage bonds. According to Amott, Baker & Co., gross income for the first six months ‘was $350,000, as compared with $677,- 000 for the entire year 1935. At the end of June the Press Building prop- erty was more than 98 per cent rent- ed and reported to be in good physi- eal condition. The bonds are widely held in| Washington. Issued in December of Jast year in connection with the re- organization plan for the building, the first 3s also contain a 2 per eent cumulative feature. Last July | & payment of $25 a bond, represent- | ing fixed interest of $15 and income interest for the second half of 1935. The bonds are secured by the land | Jocated at the corner of Fourteenth and F streets and the 1l-story office building and theater standing on that ground. The theater portion of the build- | ing is under lease to Loew's, Inc., until 1962, at the present time the rental being $166,500 a year. A to- ¢al of $6,156,000 of the bonds ere‘ outstanding, $64,000 having been re- | tired through the sinking fund on | April 15 last. The bonds, which are not listed on the Washington Stock Exchange, are sold “over the coun- ter.” Officials Watching Market. Marriner S. Eccles, chairman of the Federal Reserve Board governors, declares that recent advance in the stock ma has been due to in- | dustrial progress and purchase of stock by foreign and domestic buyers. | He reports that Reserve Board figures yeveal no marked advance in broker- sge and bank credit for stock market purposes. In a visit to the White House Chalr- man Eccles is understood to have | made these comments to President Roosevelt in reporting on present financial conditions. James M. Lan- dis, chairman of the Securities and Exchange Commission, also visited the White House this week and con- veyed much the same news to the President. It is the business of the Exchange Commission to watch the market at all times, but Chairman Landis is quoted as seeing nothing in the present rise to call for any move on the part of his organization. Brokers in the financial district sgree with the two chairmen, adding that there is nothing about 3,000,000~ | share days to cause any worry. It was 12,000,000, 14,000,000 and 16, 000,000 share sessions that caused the | trouble in 1929. The return of such markets is too far off to merit any shought now. Branch Banking Spreading. The fact that “branch banking has beén repeatedly advocated by many | business groups and by many students of ‘banking” was cited yesterday by | #hé Federal Deposit Insurance Corp. whHen it filed its annual report with Congress. The F. D. I. C. took no position on enlargement of branch banking pow- ers, but the inclusion of a section on the subject in its annual report in- | greased interest in the subject. The report also contained a hint #hat because of Federal regulations fixing interest rates to be paid on time deposits other types of credit | and savings institutions were receiv- ing an advantage in competition for\ eposits. | The corporation in addition de- | flared that it had adopted a policy | of not admitting banks to the insur- | ance fund unless their net sound | eapital was equal to at least 10 per cent of their deposits, but a tabulation showed that about 1,000 non-Federal Reserve member banks, or 13 per teent, of those already in the fund did | pot have such a capital percentage Bt the end of 1935. A total of 133 new branches were established during last year, accord- Ing to the report, and several score other - branches resulted from the | pbsorption of going or closed banks | by other institutions. | Bankers Plan Joint Session. Homer Gebhardt, secretary of the | AWest Virginia Bankers’ Association, snnounces that his association will mneet jointly with the Virginia Bank- #rs’ Association at White Sulphur ©prings, W. Va, on June 24, 25 and $6 of next year. Mr. Gebhardt, who fs vice president and trust officer of | the First Huntington National Bnnk,[ believes at least 600 bankers will at- i1 gend. For the first 10 months of :_hxs; gear trade was exactly 10 per cent | ahead of last year in the Richmond, Poston, New York, Minneapolis and Philadelphia Federal Reserve dis- ricts. The Dallas district made the pest gain, 19 per cent, and Kansas City reported the smallest gain, 8 r cent. The Maryland Casualty Co. of Bal- simore is considering a -proposed smendment to the company’s char- ser looking toward a simplification of khe capital structure. The proposed amendment would enable the com- pany to retire its junior convertible preferred stock, series A and B, by Prev High. 70 15% 21% 86% By Private Wire Direct 1936 Low. 42 Abr& Strausal 9% Adams Exp (a200). 1% Advance Rumiey._. 58 Air Reduction (11). 2 Alr-Way Elec Appll 13 Alaska Jun (160c).-. 21 Alleg Corp (d) 12% Alleg pf wis0w 124 Alleg pf wS40w (d) 1214 Alleg pf XW (4) —ne 27 Alleg pr ot (d). 26% Alleg Steel (; hfl 157 Allled Chem () _.. 2! 274 37 39% 28% 45 103 152% 8% 53 36 63% 145 2654 1845, 1023 43 11 9% 127 30 Sk 10% T 264, 41k 25% 23 Allled Mills (a50¢). 6% Allled Stores 69 Allied Stores pf (5) 86% Allis-Chalm (11%)- 19% Alpha Port Cmt (1) 30 Am Car & Foundry. 57% Am Car & Fdry pf.. 31 AmChain(al) ... 29 Am Coal of Alleg_. T% Am Colortype. . 20% Am Comcl Alcohol. 16% Am Crystal S(a50c) 3% Am Encaustic.. 9% Am European Sec... 6% Am & Foreign Pwr._ 25 Am & For Pw $6 pf. 29% Am & For Pw $7 pf. 13 Am Hawaflan (1) 4% Am Hide & Leather. 37 Am Home Pr (2.40) 2% Am lce .. Am Mach&Fdy (11) 10 Am Mch&Met a40c. 27 Am Metal T4 Am Power & Light. 36% Am Pwr&lt pf (6). 18% Am Radiator(albe) 23% Am Roll M (11.20)_ 36 Am Safety Raz (2)- 18 AmSeaung__ . 25% Am Shipbldg (2)___ 56% Am Smelt&ket (2) 1365 Am Smé&Ref pf (7). 57% Am Snuff (13) __ 20%5 Am Steel Fdry (al) 24% Am Stores (2) 48% Am Sugar (2) 129 Am Sugar pf (7). 20% Am Sumatra Tob t1 14913 Am Tel & Teleg (9) 87 Am Tobacco (6)-—. 8815 Am Tobacco B (5). 87y Am Type Founder 19' Am Wat Wks ad0c.. T Am Woolen . _ 5% Am Woolen pf(33). 3, Am Writ Paper (d). 4% Am Writ Pap pt (d) 312 Am Zinc & Lead. __. 28 Anaconda Cop (1) 35 Anaconda Wire t2_. 153 Ancuor LCap (6Ue) 9 Andes Copper . .. | llu'q 105% Armour Del pf (7). 4% Armour (1111nois) __ 47% Armstrong C (1%)- The Arnold Const (60¢). 81y Artloom Corp 125 Asso Dry Goods. 59 Atch To &S Fea! 21% Atlantic Coast Line 131y Atl Guif&W ind pt 26% Atlantic Refin (1) 109 Atantic Kef pf (4). 48 Auas Powder (12) 112 Auas Powder pf (6 1¢ Atlas Tack (a7s¢)- 269, Auburn Aulo ... 5% Austin Nichols_ __ 4% Aviation Corp (Del) 215 Baldwin Loco (4) 29%; Baldwin Loco pf(d) 2% Baldwin Lo asd(d) 33% Baldw L pf asd(d)- 15'» Baltimore & Uhto__ 21 Baltimore & Oh pf_ 13% Barker Brothers .. 14 Barpsdall Otl (80¢) 16% Bayuk Cigars {75¢c . 18 Beatrice Cream (1) 85 Beech-Nut P (13)__ 134 Belding-Hem (1) . 21% Bendix Aviat(alla) 20 Benericial L «T13). 48 Best&Co (2%)-—— 45% Beth Steel __ 16'» Beth St 6% pf(1)_. 4 107 Bethlehe Stl pf(7)_. 0! 31k 634 1001 45% 32% 0 18% 647 69 58% 21% 18% 115 15% 1 334 54% 344 9 32 186 106% 23 Bigelow-San (11)__ 1442 Blaw-Knox (60c) __ 18% Bloomingdale (al)- 16% Boeing Airplane 41 Bohn Alum&Br (3) 801 Bon Am1 A (4)____ 3y Bon Ami (B) (2%) 25% Borden Co (1.60) . . 64 Borg-Warner (13) 12% Bridgp't Brass 140c 43% Briggs Mfg (12) _ 474 Briggs & Strat (3)_ 40% Bklyn-Man Tr (4)- 44'% Bklyn Un Gas (3).. 814 Brunswick-Balke 8% Bucyrus-Erie 107% Bucyrus-Erie pf(7) 9% Budd (EG) MIg... 8% Budd Wheel 20% Bullard Co (a50c) . 11% Bulova Watch 25 Burr Ad Mch(t60¢) 214 Bush Terminal (d). 8% Bush Term deb (d) 14% Bush T Bldgs pf(d) 2% Butte LoDDul‘&Zlnn 16 Byer: Z 22 Byron Jm.knn u= 30% California Pxgt1%) % Callahan Zinc 6 Calumet&Hec ab0c.. 30 Campbell Wy (1) 10% Canada Dry G A 10% Canadian Pacine 37 Cannon Mills (a: 6% Carrie:s & Gen 20c- 9214 Case (J 1) Co 54% Caterpillar Trac t2. 21% Celanese C (a50¢c). 19 Celotex Corp . 54 Celotex Corp pf 35.. 25% Cent Aguire (T1%) 6% Central Foundry Co 614 Century Rib Mills_ 47% Cerro de Pasco (4). 8% Certain-teed Prod. . 57% Certain-teed pf (6)- 19 Champ Pap & F (1) 101 Champ Paper pf(6) 22% Checker Mfg._ 59 Chesapeake Corp(3) Ches & Ohto (2.80). 1% Chi Grt West (d).. 4 ChiGrt W pf (d).. » 25% Chi Mall Ord(t13%). 1% Chi M1l St P&P (d) 2% Cht M St P&P pt (d) 2% Chi & N W (4) 6% Chi & N W pt (d)_ 12% Chi Pneumatic Too! 3% Chi R I&P 1% pf(d) 7 Childs Co 851 Chrysler Corp(al2). 15% City ice & Fuel (2) 2% City Lce&F pf (6%) 4% City Stores. 23% Clark Bquip (1.20)_ 48 Cluett Peabody (1) 84 Cuce-Cola (2)..-——. 13 Colgate-P-P (60¢c). 66% 39% Collins & Alk 13 Net n-n. lfl' Olose. Ohge. 6 -1 4% - % 2% FEESTETEE § E5 +++140 0101+ k3 1 & % 231 49% 483 1 82 82 2 20 19% 5 32 3l 2 109% 109 10 5% 12 584 18 1% 6 16% 24% Td 415 50 : 2 30% 2 113% 1134 1. % 16 108 127% 127% 13 164 144 b5 31w 31k 4 8 T 228 6% 5% 5% b4 ki 564 50 20 10- 108% 108% 12 12% 12% 10% 10%s 31% 53 31 6% 30% 28% 4l 21% 31 40% 18 13% 35% 17 13% 60% % 156% 88 27 31 1% 32 T% 9% 67 15 665 4 25% 25% 208 106% 106% 6 60 9% 6 97% 97 (R e b ks FREEE F¥F ¥ 2 EEE 2 ER 2 157 4% 4% 123 11% 10 117 135% 134 6 20% 2 50s 83 88 86 12% 124% 11% +1% 135% 20% — % 88 -1 12% + % 12 61% 6l% 56% 28 la'. 7% Crown Zelleb’k vte. Crucible Steel... 1% Cuba Co. 9 CubaRR D‘_.._—. 614 Cuban-Am Sugar... 63% Cuban Am Sug pf.. 16% Curtis Publishing.. 99% Curtis Pub pf (7). 4 Curtiss Wfllhl 10% Curtiss-W (A 43% Cutler-Hammer 'l. 7% Davega Stores v30c. 52 Deere& Co.__ 27 Deere & Co pf (1. 40) 19% Deisel-Wem-G (11) 36% Delaware & Hudson 14% Del Lack & West... 4 Det & Mackinac...... 30% Diamond Mteh 11% 18% Dist Corp Seag Ltd. 19 Dixie Vortex (1%). 41% Dome Mines (13)__. 50% Dourlass Atrcraft 183 Dresser Mfg(B) al_ 4% Dunhill Internats . 8% 182 133 Du Pontde N 13.60. 9% 185 156 39% 16% AT 5% Eastern Roll Mills_. Eastman Kod (15)_ 284 Eaton Mg (2)..... 5% Eitington-Sehild._. 30% Elec Auto Lite (a2) 1}9, 110% Elec Auto L pf (7). 116% 49% 34% 55% 45 32% ATy 40 43% 97% 35% 135 5 T 2136 120 105% 51% 1% 9 21% 141 41 135 19 447 116 33% 37% 544 33 7 12% 63 5% 22% 3% 187 101 160 5% 65% 15 6% 3% % 4“4 11% 53% 141 145 128 26 10 Elec Boat (a60c) 5% Elec&Mus In(b24c) 6% Elec Pw & Lt 29% Elec Pw & Lt §6 D! 32% Elec Pw & Lt §7 pf. 42% Blec Stor Bat (12). % Elk Horn Coal (d).. 1% Elk Horn C pf (d) .. 531 Endicott-John (3) . T% Eng Public Service. 5% Equit Office B a20c. 11 ErieRR 16 Erie R R 1st pt. 11% Ertfe R R 2d pf. 23% Kvans Products (1) 4% Exchange Buffe! 2% Fairbanks Co._. 83 Fairbanks Co pf._. 34% Fairb'ks-Morse(t1) 31% Fajardo Sugar (2)_. 84 Fed Lt& Trpf (6).. 7% Federal Mot Tr 40e. 2% Fed Water Sve (A). 20% Fed'd Dept Sta1.60. 106% Fedtd DScupf4l. 38 Fid Phoe F 1 (11.20) 24% Firestone T & R (2) 40 First NatStrs (23%) 30% Flintkote Co (1) __ 25% Florsheim(A) (t1). 32 Food Machine (1)_. 241 Fost Wheeler new _. 30' Fourth Nat 1a1.45. 63 Frank Sim pf 15% . 23'4 Freeport-Texas «1) 118'; Freeport-Tex pf(6) 47% Fuller Coprpf ... 3% Gabriel Co (A) 11'; Gamewell Co - 8!3 Gen Am Investors 42' Gen Am Trans (a3) 10% Gen Baking (vioc)_ 7 Gen Bronze 5% Gen Cable 70% Gen Cable pf. 51% Gen Cigar (14) 34'5 Gen Electric (1) . 33% Gen Foods (1.80) » Gen G: Elec (A 14 Gen G&E 6%cv pfA 88 Gen Mills (3) 5374 Gen Motors (a4!3) . 118 Gen Motors pf (b). 5% Gen Outdoors Adv- 18% Gen Qutdoor Adv A 3ls Gen Pub Service. .. 32! Gen Ry Signal (1) 2 Gen Realty & Util_ 33% Gen Refrac (al1%) 3214 Gen Sti Casting pf 17 Gen Tha Eq (21.10) 30% Gen Time Inv (1)__ 13% Gillette Saf Raz (1) 70 Gillette S R pf (5). 6% Gimbel Bros .. 39% Glidden Co (2) SZh Glidden cv pf(2% ). 7 Gobel (Adolf) . 6% Goebel Brew (t20¢) 13% Goodrich (B F) 74 Goodrich (BF)pt(5) 21% Goodyear T & R.__ 87 Goodyear $7 pf (4). 1% Granby (2d stpd) - 3% Grand Union ctf: 16 Grand Uapf (31%) 24% Granite City Stl (1) 2815 Grant (W T) (1.40) 32% Grt Northeyn pf___ 16 Grt North'n Ure (1) 31 Grt West Sug (2.40) Grt West Sug pf(7) 22 Green (H L)Co(t1) 15 Greyhound ({80c) n 1% Guantanamo Sugar 24 Guantanamo Sug pf 3015 Gulf Mobile & N pf 713 Gulf S Sl rts Nov 25 33 Hack WpfA (1%) 6 Hall(WF)Printing. 14 Hamiiton Watch . 109 Hamilton W pf (6) 100 Hanna (M A) pf (5) 30% Harb-Walker (12) .. 12 HatCorpof Am (A) 4% Hayes Body - 12% Hecker Prod (fil)c)- 117 Helme (G H) (15) . 25% Hercules Motor (1) 84 Hercules Pow (5)_. 102 Hershey C pf (74).. 30% Holland Furn (al) 108 Holland Fura pf(5) 9 Hollander (t50e)_. 19% Holly Sugar (12).. 414 Homestake (112)__. 224 Houd-Her (B) +134. 65% House Fin pf t3%__ 6% Houston Ul vie ___ 48% Howe Sound (13) 3% Hudson & Manhat.. 13% Hudson Motor Car. 1 Hupp Motors__..__ 18% Lllinots Central. .. 58 111 Cent Ise lines (4) 25% Indus Rayon (1.68). 88% Inland Steel (3)_ 6% Inspiration Copper.. 5 InsSh Mdecfsa2lc. 11% Inter Rap T vte (d) 9% Lnterlake lron ... 2% Int Agricultural. ... 22% Int Agricul pr pf__. 160 int Bus Mach (8)_. 56% Int Harvester 3% . 148% Int Harvester pffl) 2% int Hydro Elec (A) 43% Int Nickel (a1.30) __ 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C) 20% Int Paper .z Pw pf_. 37 Int Print Ink (2) 3% Int Ry Cent Amer__ 47 IntShoe (12) _____ 156 IntSilver. .o .. 50 IntStlverpf .. 11% Int Tel & Tel _____ 10% Interstate D S ab0c. 82 Int Dept Strs pf(7). 15 Intertype Corp (1). 58% Jewel Tea (14) 88 Johns-Manvi) 145 Joliet & Chicago(7) T6% Jon & L 7% pf $1%. 13 Kans City Southern 19% KansC S pf (al)___ Net Prev. ll!l IIM Rate. Ml 00. High. Low. 13% 14% + 49% 49% + 2 2 13 10% 27 14% 1 lD’/o ‘0- lll‘ FEFER PEEFFF IFEET EF F FF -8 - CE T T b v o Iy - TTS- 14 LU+ + 0 ++ ++ e = High. %| 23% nu McCrory %| 42 40% McGraw Elec (12)_. % | 49% 38% Mclotyre Poreu (2) 86 McKeesp't TPab% 13% 8% McKesson & Rob . 37% McKess&Rob p1(3) 11% McLellan Strs a20c. 27% Mack Truck (1).... 40% Macy (R H) Co (2). 8% Madison 8q G 160c.. 34% Magma Copper (2). 7% Manat! l\ll ot (d).. 7 Mandel B - 17% Manhat ma ). 8% Marine Midld (40c) 6% Market St Ry pf.... 18% Market St Ry pr pf- 41 Marlin-Rock (12)_. 11% Marshall Feld & Co 274 Mathieson Alk 1% 43% May Dept Strs (3)-. 6% Menge! 004.._..... 50 Mengel Co of.. .. 40% Mesta Mach (a3%). 5% Miami Coppe! 17% Mid-Cont Petal.15. 21% Mid Stl Prod (a2).. lfll% 110 Mid 8tl 1st pf (8 88 Milw El R&L pf (6) 6% Minn Moline Pwr_. 1% M St P&S 8 Mari 16% Mission Corp 5% Mo Kans & Texas . 14% Mo Kan & Tex pf A. 19% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg’y Ward 80c.. 42 Morrell J & Co 2.40. % Mother Lode 28% Motor Prod (+2) 156% Motor Wheel (1.60) 11% Mullins Mf(B)a50c 70 Mullins Mfg pf (7). 14 MurrayCorp .. 43 Myers (FE) (12).. 15 Nash Motors (1)... 20% Nashv Chat & St L. 15 Natl Acme (a50c) 9% Nat Aviation 28% Nat Biscuit (1.6 213 Nat Cash Reg (50c) 21 Nat Dairy P (1.20). 10 Nat Dept St 25% Nat Distillers (31.- 37% 28 Nat En & Stpg (2) 327 26% Nat Lead (160¢) .. 144 137% Nat Lead pt B (6) 14% 9% Nat Pwr & Lt (60¢c). 13 Nat Ry Mex 2d pt. 57% Nat Steel (13%) - 19% Nat Supply Co . 744 Nat Supply Co pf__. T Nat Tea (60c) 10% Natomas (t80¢) 32 Nelsner Bros (2 9 Newport Ind 3215 N Y Airbrake a2l 27% NYCentral RR 17% N Y Chicago & St L. 36'% N Y Ch1 : StLpf.. 13% ao% FEFS F OFEFE F &H () & H pf (d)_ Ontarfo & West ys pt (d) 15 9% N Y Shipbuildin, 310% 210 Norfolk & W (18) 6% North Am Aviation 23% North Am Co (1) 52% North Am Co pf (3) 98 North Am Ead pf(6) 23% Northern Pacific 50 Northwest Tel (3) 2 Norwalk Tire&Rub 121 Ohio Oil (a60c) .___ 24' Oltver Farm Equip 17 Omnibus Corp vte 8 Oppenheim Collins 24% Otis Elevator (60c) 125 Otis Stee:__ 47 Outlet Co (12) 128 Owens-I11 Gl (a6) .. 34 Pacific Fin (1.80) __ 30% PacificG & B (1%). 47% Pac Light (12.40) . 14% Pacific Mills 11% Pacific W'n Ofl b25e 6% Packard Mot (ad5c) 1% Panhandle Pro & R 67 Paraffine Co (12)... 7% Paramount Pict. 59 Paramount 1st pf. 84 Paramount P 2d pf. 17%4 Park & Tilford.. 2% Park Utah . 40% Parke Davis (a1%) .23 Parker Rust P t1% 414 Parmelee Transp't. 6% Patbe Film Corp 10 Patino Mine: 114 Peerless Mo 69 Penney(JC) (a2 4! Penn Dixie Cement 28% Penn Dixie Cpf A 28% Penna Railroad(a2) 30 Peoples Drug (11).. 38 Peoples GasChi _. 56 Pere Marquette pf_. 12% Pet C'p of Am a50c. 10% Pfeiffer Brew (1.20) 25% Phelps Dodge a1% - 8114 Phila Co pt (6) new 3% Phila Rap Tr (d) .. 8% Phila Rap Tr pt (d) 1% Phila& Read C& 1. 66 Phillip Morris (3) . 383 Phillips Pet (a23%)_ 5% Phoenix Hoslery .. 70 Phoenix H pf (3%). 1% Plerce Petroleum _ 29% Pilisbury Fl (1.60)_ T3 Pitts Scr&B al2%e0. 49 Pitts Stee) pf 14 Pitts Term Coal pf. 2% Pitts United Corp... 584 Pitts United C pt. 21 Pitts& W Ve 11% Plymouth O1l (1 12 Poor & Co (B) 171 Pressed Steel Car _ 574 Press St Car 2d pf n Y% 40% Proctor & Gam Y1% 1221 117 Proc & Gam pt (5). 49% 39 PubSvo N J (2.40; 9% Purity Bakeries 400 9% Radio Corp... 68% Radio Corp pf A 3% 5 Radio-Keith-Or (d) 28% Raybestos-M (1%). 35% Reading (2) - 9% Real Silk flolllr, 1% Reis (Robt) 124 Reliable Strs a50c_. 17% Hem Rand (160c) _ 87 Rm Rnd pf ww 4% _ 4% Heo Motor Car __ 16% Republic Steel 77 Republic Steel pf__. 78% Rep Stl prof A (6). 10 Revere Copper 90 Revere C&Bpfa3ly 22% Reynolds Met (1) . 25 Reynolds Sprg (1)- 50 Reynolds Tob B (3) 19% Ritter Dental a25c.. 74% Ruberold Co (1) 27 Safeway Stores({2) 22 St Josepr L4 (30c). 2% St L-San Fr u @- 11 Savage Armi 37% Schenley Mlflll 3) 1% Schulte R Strs (d) . 25% 105% 105% 46 16% 54y Prev. 1936 Mlll. mnnu Stores 4% Low. Dlvldlndllu 7% Schulte RS pt (d). 7% Seaboard Afr L (d). 2 Seaboard A L pf(d) 43% 30% Seaboard Ofl (1)... % 101% 83% 14% 48% 37% 121 0% 6% 26% 37% 25 35% 19 9% 10% 50% 4% 15% 14% 461 15% 110 12% 32% 8l 21 10615 25% 4% 164 2T% 17% 12 9% 113 ] ml+|l+ :+l Fd EEFEF FEL % o L usn 31% 32, 21 37 33% 96% 335 9 48% 1615 2915 T 504 854 L+ ++ | s 2 ESEETERFEES {2 1 A 103' | mt, 8% | 99 | 115 = 214 49% 8% 48% 11435 131% 86 % 10% 38 118% 118% 45% 45% — % 108% 108% + % 5% 18 110% 115 9% 45% 38% 4% 16 53% 2% 4% 2% 11:00 A.M.. Dayme: s Unit of trading less than including extras. bPaid_ast vear. reorzanized. 31 Seagrave Corp .. 59% Sears Roebuck (12) 61% Sec Nat [nv pf $2.90 16% Servel Inc (160c) . 20% Sharon Steel (11.20) 89 Sharon Sti H pt (5). 4% Sharpe & Dohme.. 43% Sharp & D pt (3%). 11% Shattuck F G (50c). 30% Sheafter Pen (3).... 14% Shell Union Ofl.__ 12”% 110% Shell Un Ol pf 6% 8% Silver King (60c) 19% Simmons Co (a1%) 19% Skelly 01l 112 112 Skelly Oi1 vflfl*) 12% Socony Vac Oil a70¢ 3% So Am G & P(a3lc). 26 South Port 8 (12)__ 256 South Cal Ed (1%). 231 Southern Pacific_ 12% Southern Rallway.. 19 Southern Ry pf. 6% Spalding (AG) . 5% Sparks- Withington 6% Spear & Co (ad0c) .. 15% Sperry C'p vte (al). 13% Spicer Mfg (al) 99 Splegel-M-S pf 6% 21% Square D(B)a62%e¢ 14% Stand Brands 80c_. 9% Stand Com Tobacco. 5% Stand Gas & El (d). 9% Stand G&E $4 pf (d) 26% Stand G&E 87 pf (d) 35 Stand Oof Cal (11). 32% Stand Ofl of Mnd 1. 25 Stand Ofl of Kans_, 51% Stand Ofl of N J (11 24% Starrett (LS) 1.140_ 16% Stew-Warner t50c.. 14% Stone & Webster.___ 9% Studebaker Corp... 1i8 Sun Oil pf (6) 27 Superheater a82 %c 3 Supertor O11 - 9% Superior Steel. 23 Sutherind Pap 11.60 20% Swift&Co (1) 28 Swift Intl Ltd (2)_ 15 Symgton-Gould ww. 6% Telautograph (60¢) 5% Tennessee Corp .. 28% Texas Corp'n (11).. 33 Texas Gulf Sul (2). 7% Tex Pac C& O a2be. 94 Tex Pac Land Trust 33% Thatcher (1) 8% The Fair___ 85 The Fair pf (7) 814 Thermold Co 24% Thomp'n Prod aéle. 4% Thompson Starrett. 14% Tide W Asso O 60c. 100% Tide Wat A O p£(6) 124 Timken Detroft(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 147 Trans & Westn Air. 10% Transue &W (t60c). % Tri-Cont Corp a2ic. 4% Truax-Tra C(a25c) 74 Truscon Steel _ 221 20th Cent Fox (al) . 31% 20th Cent F pf 1% 8% TwinCity RT_____ 2% Ulen & Co T4% Und-Ell-Fish(a2%) 38% Union Bag&Pap (2) 71% Union Carb&C 2.80_ 20% Union Oil of Cal 108%; Unton Pacific (6) 22% Union Tank C 1.20 20% United Afrcraft . 13 United Air Line vte 16!2 United Am Bosch . 24% United Bise (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 (al% 4 United Elec Coal. . 324 Unit Eng & F (2) 66% United Fruit (3).. 14% United Gas Imp (1) 6% United Paperboard 2 U S Distributing 10 U S Distributing p! 13 US& For'n Secur 243 U S Freight (11) ___ 80% U S Gypsum (12) - 8% U S Hoffman 49 U S Hoftman pf 2% 31% U S Indus Alcohol 4% U S Leather vtc 10% U S Leather A vte 21% US Plpe & Fy(13) 7% U S Realty & Imp. 16% U S Rubber _ 47 U 8 Rubber 1st p! % U S Smelting (a10) lSh U 8 Steel 115% U S Steel pf (7). 5 United Stores (A) 67% Unit Stores pf (33) 50 Univ Pict ist pt 3% Utll Pwr& Lt (A)_ 16% Vanadium Corp 28% Van Raalte (a3%3)_ 4 Va-Car Chemical . 28% Va-Car Chem 6% pf 109 Va El-& Pwr pf (6) 114% Virgiaia Ry pf (6)- 70 Vulcan Detin (a4)_. 2% Wabash (d) ... 5 Wabasn pt A (d) 4% Wabash pf B (d) 914 Waldorf Sys 11.20_. 30 Walgreen Co (2)... 26% Walker (H) (2) 17% Walker (H) pf ( 5% Walworth Co 2% Ward Baking 9% Warner Bros Plct_. 4% Warren Bros 21 Warren Fdy&P(t1) 19% Waukesha Mot (1). 61 Webster Eisenlohr_ 33% Wesson O&S(150¢c) 87 West Pa Elec pf (6) 96 West Pa Elec pf (1) 111% West Pa Pwr pf (6) 8% Western Maryland. 1% Western Pacific___.. 5% Western Pacific pf_ 72% West'n Union (a2). % 34% West'gh'se A B (1). 9413 Westingh'se El (4) 19% Westvaco Chlor (1) 32% Westvaco 5%pf 1% 21% Wheeling Steel 18% White Motor. 13% White Rk M S(1.40) 3% White Sewing Mch_ 16 White Sew Mch pf_ 6% Wilson & Co (50c).. 44% Woolworth (2.40) .. 23% Worthington Pump 56 Worth Pumppf A_. 62% Wright Aero (al).. 63 Wrigley W Ir (13)_ 8% Yellow Truck .. .. 42% Young Spr&W (13). 41% Youngs'tn Sheet&T 11% Zenith Radio...cee. 5% Zonite Products.... - . 610,000 S e s © 5 8 R o E e e e e nts based on the latest quarterly or d Companies xEx dividend. - - e YN =T %4101 4 JONOS A 5 100 shares. 1 Accumulated dl'lddndl reported in 18 1% 3% 35 6% 97% 9% 31 18 1% 3% 341 6% 9% 2% 5% 90y 195% 844 39% ™ Adlofi High. Low. Close. Cln 18 1% Approximate Sales of Stocks on the N. ¥. Stock Exchange. 12:00 Noon. _. Dividend rates as given in the above table are th haif-yearly declarations, 1 Annual rate—noi 8 Paid this yeer. receivership or being (EERE B S A RREK 41440 +i+14+ 1) AL+l + b4 A LEFF T |+ 1 FerEesef s 1L+ +10+4+0 - 1+ FEFEFFE FFEF FF LR Caesse FEET FFFF 4+ STOCKS SELL OFF AT WEEK'S CLOSE Few Alcohols, Aircrafts, Amusements Resistant as Others Ease. Stock Averages 30 18 Indus. Ralls Net change.. Today close. Prev. day... Month ago. Year ago... 1936 high___ 1936 low. 1935 high.. 1935 low. 495 185 348 1932 low. 175 8.7 169 1929 high__.146.9 153.9 184.3 157.7 1927 low ... 516 953 618 61.f (Compled by the Associated Press.) 15 60 Ut Stks 50.7 508 52.6 43.3 39.2 394 435 27.5 435 302 312 709 1.2 7 55.5 1238 567 56.1 97.1 976 95.5 5.8 99.3 134 6.3 BY VICTOR EUBANK. Associatea Press Pinancial Writer. NEW YORK, November 14.—Pos- sible governmental action to stem the foreign buying rush in American se- curities today helped put a damper on the stock market. While a few alcohols, amusements and aircrafts bucked the trend, and early losses of fractions to 2 or more | points were later reduced in some in- stances, numerous recent leaders were substantially lower at the close. Trans- fers were around 1,150,000 shares. The list attained speed on the in- itial downward push, but the pace slowed later as support arrived for many of the more depressed issues. While attributing the unsettlement | mainly to the administration’s an- nouncement it was studying the feas- ibility of putting the brakes on the large influx of foreign cash, brokers also gave thought to the rather violent post-election upturn as one of the rea- I +4+1 sons for what they termed a natural | correction. Charges of the Securities and Ex- | change Commission against the broker- | age firm of W. E. Hutton & Co. of manipulating the market in Atlas Tack were followed by a decline of more | than 2 points in this issue. PR -4 Second Trust Notes We will buy monthly parment deferred Union Finance Co. 916 Woodward Bldg. NAtL 7936 Investments 5[/2% First Mortgage Real Estate Notes Secured by new dwellings in N.W. section of Washington. Bradley, Beall & Howard, Inc. Established Nearly €0 Ve A. 0271 Southern Money for Coutrlctlol l-u- Loans on Improved Properties 2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 | oAttt i+ Pl e %2% MONEY AVAILABLE For Construction Loans and Loans on Improved Properti in the District of Columbia. Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 E St. N.W. NAtL 1403 NOTICE To holders of First Mortgage Gold Serial bonds. Nos. 271 to 1161, inclu- pive. of total tssue of $430,000; secured of Columbia. covering certain property therein described. sometimes known s e RIVERSIDE APARTMENTS 2145 C Street N.W. Washington, D. C. The American Security and Trust Company. having been substituted as Trustee by decree entered by the Si on August 12 No. 53.262. will pay. out of the funds in its possession for such purpose, on installment may be stamped thereon. AMERICAN SECURITY AND TRUST COMPANY, Substituted Trustee. By WM. L. BEALE, Its Vice President. 15¢h Street and Pennsyl Washington, D. C. 116 107% Collins & Afk pf 40s 115% 116% the payment of a cash bonus of $2 17 Kaufman Dep 8 (1) ® share or by conversion at the ratio ©f one share of common for each share of the junior preferred. At present the company has five classes of stock outstanding. Avon M. Nevius, vice president of the Riggs National Bank, appears to be a good forecaster. Following his annual Southern cruise he predicted that Florida would have a record Winter tourist season. Now come $he Atlantic Coast Line and the Sea- board Air Line with predictions that passenger traffic will be between 25 #nd 30 per cent ahead of last year. The New England Mutual Life In- purance Co. of Boston announces that €9,500,000 has been voted by the directors as the dividend for 1937, This amount is $500,000 greater than the distribution for the preceding year and continues the dividend scale payable in 1936 on all policies with- out reduction. Publication of a semi-monthly re- view for mortgage lenders and in- vestors will be inaugurated at once by the Mortgage Bankers' Associa- tion of America, Secretary George H. ::wenon announced in Chicago to- Y. Brasil's key industries are operat- ~ing at high levels. 9% s'l’A- 36 23% 108% 45% 84% 89% 24% 5% 82 28Y% Col Fuel & Ir (new) 12% Colo & South 1st pf 16 Colo & South 2d pf . 14 Columb G & Ea40c. 90% Col G & B pfA (8) 31 Colum Pict vte (t1) 44 Comcl Credit ( 55 Comel Invst Tr «4)_ 14% Comc’l Solv (160c) . 2% Comw & Southern. 59% Comw & Sou pf (3). 7 Conde Nast Pud .. 30% Con‘oleum N t1.60_ 15 Comn R& L of 72% Con C pr ui ww llb 27% Consol Ed N Y 12 109 102 cmnoll:flmnfl T 20% 8% 15% 11% 1% 4% 26% 33% 3 8T% 24% 46 39 4% Consol - 15% Couol Fflm ot (32) 3% Consol Laundries.. 11% Consol Ofl (t60¢) . 5% ConsolR R Cuba pt_ % Consol Textile (d)_. 2 Cons Coal (Dsl)vte 15% Container Corp (11) 10% Conu! Baking (A).. 1% Contl Baking (B)... 67% Cont’] Can (13)._. 17% Contl Dia Fibre( 35% Contl Insur (11.20). 2% Contl Motors 281 Cont Ol of Del(t1). 25% Contl Steel Corp(1) 55% Corn Ex Bk&Tr (3) 9 33% 32% 30 30 31 17% 40% 2% 864 1% 3% 68% @ PaRomas =§u:,,.“ o S 190 24% Kayser J&Co(al%) 20 Keisey-Hayes (A).. 18 Kelsey-Hayes (B)_. 14% Ketvinator (160¢) . 28% Kennecott C (1.20). 17% Keystone S&W (2). 19% Kroger G&B(11.60) 32 Laclede Gas St L pt 15% Lambert Co (3).-—. 7% Lane Bryant....... 12 Lee Rub&Tire(50c). 15% Lehigh Port Cmt t1. 2 Lehigh Valley Coal. 9% Lehigh Val Coal pf. 8% Lehigh Valley R R.. 89 Lehman Corp (t3). 387% Lerner Stores (12). 7 Libby, McN &L al_ 80% 474 Libby-Ow Gl(a3%) 25 Life Saver (1.60)... 97% Ligg&Myers B (14) 19 Lily Tullp L‘lll(!l) 25% Lima Locomoti 36 Link Belt (11.20)__. 32% Liquid Carb(1.60). 43 Loew’s Ino (12) .. 2 Loft Ine 85% Lone Star Cmt @ 3% Long Bell l.um (A). 38% Loose-Wiles (3, 21% l“flm (’)(l.’ ). 20 5T% u-am (M")- 22% Ludlum Steel (1) 33 MacAnd & For (3)—. 29 McCall Corp (3) e 45 +1 20% + % 17 - % 17 + % ;S 16% 18 18% 2 121!6 l’l“ um 63 62 l“ 12 11% 12 19 % 5% 17 6 28 27T% 27% 3 1034 103% 103% 221 21 21 48% 51 + 42 + 63% — 2% + % 58% — % T = + Ly g e % % % % % % % % % % % % - NEW YORK COTTON BY the Associatea Press. NEW YORK, November 14¢.—Cotton |’ 29% December, 24% — % | March, 11.62; May, 11.60; July, 11.50 11.78; January, October, 11.15. Foreign interests generally were buyers, while trade price fixing the initial offerings. §EE° § g 11.6 = % | commission house demand absorbed reported rains and floods had reduced' the Indian oomra crop by 225000 bales, or about 12 per cent. Liverpool reported trade and scat- tered buying influenced by firmness of Egyptian cotton, Futures closed 3 it steady, unchanged to 3 =5 H Montreal uary, 10.05b; March, 10.14; May, 10.19. Sales 52, contracts, including 18 switches. b—Bid. Liverpool Quotations. UVIg‘Pho.OL November 14 (). —Cottor erican nfl.th:' in g‘-gud NEW Y 1L156: orm. seconds, = 27 dirvier, ' 26a than extra. nrimin g;:'.";'h 653 m:‘ghesL e, G40 METAL MARKET. e RUBBER FUTURES. November 14 (- R—Orude rubber fut ') 72 )fl% nmg "8%5.‘!‘ Butter, 6, flb NEW YORK. FOREIGN EXCHANGES. NEW YORK, November 14 (#).—Foreign exchange firm: Great Briti othen l‘; —_y Britain in dollars, in New 3 ¥ .x. 10612 w Yor 2 In°Montreal. 99.875%. - , gasi xi fln’tl (88-91 woru). ax-:r' t ds 30%a30%; centralized Chee: IDB.ZQH‘ steady to firm; prices :hlu! %a%;« i i Money '5 : 3 w!orl 619827, creamery. higher Te). 84~ 90 contracts. 925 15th Street Mortgage and LOANS ON IMPROVED NEW YORK PRODUCE. PRQPER" ORK. November 14 P Eqgs. the District of Columbis, Nearby Maryland and Virginia 512% Promp: Action B. F. SAUL CO. For . CONSTRUCTION LOANS Natl. 2100