Evening Star Newspaper, December 2, 1936, Page 23

FINANCIAL. - CURB LIST TAKES UNEVEN COURSE . Few Industrials Improve, but Others Follow Lower Trend. By the Associated Press. NEW YORK, December 2.—Barring a few industrials, the Curb market showed a pronounced downward drift Mx::{sea ranged from fractions in the utility leaders to 1 to 2 points in stocks like Golf Oil, American Cyna- mid “B,” Great Atlantic & Pacific and Pan American Airways. Youngs- town Steel Door fell about 3. Columbia Oil & Gasoline rose about a point to the accompaniment of dividend rumors. Sherwin-Wil- liams and Pittsburgh Plate Glass were | able to hold their early gains. S.E.C. P(;stpones Hutton Hearings Until January 11 BY the Associated Press The Securities Commission post- poned today until January 11, its| scheduled hearings on the charge that | W. E. Hutton & Co. and H. H. Mlcheh‘ of San Francisco were guilty of | manipulating the stock of Atlas Tack | Corp. They were ordered to show why they should not be suspended or expelled from their membership on 14 ex- changes throughout the corporation. The Hutton Co. and Michels asked the delay, asserting they needed more time to prepare their case. CURB BONDS DOMESTIC BONDS. Stock and Dividend Rate Aero Supply (B) Ainsworth (2) . 1m Air InvestorsInc. . 1 34 Ala Grt Sou (13)_.260s 8134 Ala Pwrpf (6) 10s 70 Alabary Pw pf (7) 101 813§ Alum’'n Co of Am 200s 137 Alum (Am)pf 1434 160s 125 Alum'n Ind (40c)_ 1 10 Alum'nLtd ____ Alum'n Ltd cu pf- Am Alrlines, Inc Am Beverage _ Am Book Co (4) Am Capital (B) Am CP&L ww23 Am CItP&L B a20¢ Am Cynam B 60c Am & For Pw ww_ Am Fork & H (1) Am G&E (1.40) __ Am G&E pf (6) .. Am Gen Corp Am Lau Mch t60c Am Lt&Tr (1.20) _ AmL&Tpf (1%)_ 2 28% Am Maracaiba 73 1 Am Seal Kapa30c. 1 91§ Am Superpower _ 150 :1{ Am Superpwrpf.. | 46 Anchor Post F 4 8% Apex Electric(al) 2 89% Arcturus Radio T 6 134 Ark Nat Gas 26 b3 Ark NatGeupf . 20 sy Ark NatGas (A) 31 Art Metal W 160c. 1 16 Ashland O1l & Ref 9 64 AssoGas& Elec . 4 Ass0G & E (A) Asso G & E $5 pf Assoc Invest (12) 1008 Asso Rayon Atl Coast Fisher. Bales— 00. High. 10 108 6634 2 U 2 a2y 1 6 31 88% 21 28 2 3% 36 414 1500 112% 10 1% 2 254 1% 1 6% 5 121 208 41% 96 1634 1n o8 4 60% 6 193 5 1% Atlas Corp (a80c) Atlas Corp war___ AtlasC pf A (3) Atlas Plywd ab0c.. Austin Silver _ Auto Products __. § 9 Auto Vot M(t50¢) 3 84 Ax-Fisher(3.20)A 10s 43 Bab & Wila2 2608 1323 Baldw L bd rts(d) 966 414 Barfum StainStl 38 4 Barlow&S(A)1.20 1208 184 Bau(L)7% 1st pf_ 1us 101% Bellanca Alrcraft 41 6 Bell Tel of Can(6) 10s 167 Benson & H pf 508 17 Berkey&Gay FCo 47 3 Berk&GF pur war 21 135 Bickfords Inc (1). 1 18 Bliss Co (E W) 4 2% Blue Ridge Callc 2 3} Blue Ridgecvpf3 4 48 Blumenthal S 6 374 Borne-Scry al’s - 200s 15 Potany Cons «d)_. 3% % Bourjois (a7sc) _ 3 e |Bower R B (aZl;). 2 29 | Bowman-Biltmore 28 3 | Bowmn-Bilt 1st p1600« 3135 | Bowmn-Bilt2d pt 7 | Brazil TL&P a30e 4 1 | Bridgep't Mchal. » 187 Brillo Mg (60c) z 1 | Brown Co pf 10508 47 Brown F & Walsc 1 114 Brown Forman _ 2 9k Buff N&Epf 1.60_ 3 243 Bunker H&S (12) 758 99%, | Burry BiscuitC'p. 1 8 '%0.* |cable& WireB) 1 & 412 | Calamba Sus 71160 1 32y | Can Car&Fdry pf 1268 2844 |Can Hy El 1st pf 6 508 69 Can Indus Alco A Can Ind Alco (B)_ Can Marconi Carib Syndicate__ Carrier Corp | Catlin Corp (a40c) | Celanese pr pf (7) 200s 110 Celluloid Corp | Celluloid 1st pf 18 | Cen Hud G&E 80c | Cent Ohio Stla1.1( Cen P&L pf 3. Cent& S W Util Cent States Elec.. Cent St Elcv pf _ Cent St E16% pf. 40 Cent St E1 7% pf Centrif Pipe t40c, Chi Flex Shaft t2 160 Chi Riv&M (t1%) 1 Chief Consol ... 8 Childs Co pt Cities Service_ Cities Service pf__ City Auto S(160c) Claude Neon Lts_. Clayton & L a20c_ | Clev Tractor | Club Aluminum __ | Colon Dev Ltd __ | Colon Dev 6% pf Colo Fuel&Ir war 47 15% | ColtsF FATIY 16 60 Colum G&E pf(5) 2758 =1%; . | Columb Oil & Gas 464 935 | Com'with Ed (74) 10 1141, 21 i 6314 8114 1 % 3 19 22 244 Am Roil Mil Appaich Pow Arkans P & As80 G & E Asso G & E AG&E Asso Rayon 5s ' Atlas Ply 528 Birmingham El 4'2 Birmingham Gas - Gamadian Pe s olina Shar R M & B Snt 8P 2L 105% 1ol 1o 1033 105% 104 513 L 104, 13 1040 10414 1 113 807 803, a9% 1 093, 100%2 10012 100 ~ 997 a8 agy Gatlneau Pw 65 Gatineau P fis B ‘41 Gen Pb Ut fizs A ‘56 Gen W G&E Georgia Ew San ol s Hotel Waldorl 15 96 673 In Indnp P&L 55 Intern Sc Am_5s Intersta 13 12 1 4 9 15 8% Kl 9% 0615 1 9614 061 ax * ag o 11015 11015 11015 10435 10455 10435 10614 10614 10614 > o 81 10612 1 9 081 1513 106 2 Com’'with & S war 3 | Com'u'ty P&L 1st 5 | Community PS i1 | Community w s | Compo Shoe M 11 | cons Atrerae ___ Consol Copper __. 244 7% Cons Gas(Bo)3.60 1 #8 Consol M & S (2) 226 Consol Retail Strs Cons Ret St pf 18 _ Cont’l Roll & S Fy Cook P & Var 160c Cooper Bessemer._ Copper Range_ Cord Corp Corroon & Reyn _ Cosden Oil Me (d) Cosden(Me)pt(d) Cramp(W&Sons) - CreoFe Pet (a50c) - Croft Brewing Crown Cent P a6c Crown Ck Int A 11 Crown Drug a20c % | Crown Drug pf 131508 4 | Cuban Tob vte 10 Cuneo Press (2)__ 1 Cusi Mex Mining_. 22 Darby Petr (50c). Dayton Rubber __ Derby Oil & Ref__ Det Gas pf (1.20) . Det Gray Ir (20c). Det Pap Prod t25¢ Det Stl Prod a50c Dohler Die C (a1). Domin S&C (B) _. Dow Chem (2.40) _ Dubelier Condens. Duval Tex S ajlc. Eagle Pitch L 48c. East'n G&F Asso East'n G&F pf(6) 20us East G&F p pf 434 225s East'n States Pwr 9 East'n St Pw (A). 1 EastnSt Pw (B). 2 7 9 3 ey EIE33333% C 58 P&LalasC & P 4'28 D & L'6s A N G 6s 44 Stand GE cv_6s Stand G & E Stand G & F fs 8tand Inves 513 Stand P & L 6; D of Ti_13% Tenn Pub Ser Bs Texas Elec 5s ‘6 1067 herm (s '3 0 21001 100 U GE 515 A Wise P&l 4s A FOREIGN Cm & Pv B 5 Cuban _Tobac 5 Finld R Gua W 106" 106 1023 1023 BONDS, 53% 7D S 1010 1011, 012 601 s 2! 46 st erni 8o Blas A '3 it Incus 6lzs 4 ww—With werra xw—Without war- zants. _n—New When issued. st (stp)—8tamped. Negotiability impaired by maturity. Comnanies reported in receivership. Easy W M B 150c. Eisler Elec (a5c) _. Elec Bond & Share 9. Elec B& S pf (5)._. Elec B& S pf (6)_. ElPwrAsAallc. 1 Elec P&L opt war. 3 El Shov C 1st pt__100s Emp G&F 63 % pf Emp G&F 7% pf_ Emp G&F 8% p’._ 608 Emsco Derrick(1) 1 Equity Corp 3 Europ'nElbdrts. 1 Evans Wall Lead . 20 Ex-C-O A&T t60c. 6 Fairchild Av new. g | Falstaff Br (a1%) Fanny Farm(§0c) R | Fedders Mtg (a2). Ferro Enam(a3).. Fidelio Brewery_. 21 Fire As(Phila.)12 1708 8134 First N8 1stpf 7_ 10s 112 Fisk Rubber 30 Rub pf (6) . FlaP&Lpt Ford Ltd a181-100 = Ford (c.l‘;"‘(”' Fox (P) Brew 80c. MONEY MARKET. Gen Alloys g “”fe:‘g::r“"-’ 4P 5Call | Gen El Ltd as6%ec et 8 Gen Firepr't t40c_ LR T i R R A Gen Invest Corp Gen Outdoor pf 16 4508 y ered: bankers acceptances unchanged: Jediscount rate. New York Reserve Bank. | gen'povon®y B ) Gen Tele C'p al1.35. t cent. Gen Tire & Rub. Gilbert (AC) . . Glen Alden C (1) Godchaux (A) al._ 400s Godchaux Sug(B) 2 Gorham pf ww _. 80s Gorham vtc ex(1). & Grand Natl Films. 19 GrayTelP8(1).. 1 L _ FEDERAL LAND B;NKS sqDecember 2 (). —Federal 1 2 French rentes finished the day of 35 to 45 centimes. and Bank Ance Jfciined 35 francs to 8,090 ranes. yal Dutch. Canadian Pacific and ez Canal shares also retreated. NEW YORK. money steady: 1 BONUS TO BE PAID. DETROIT, December 2 (#).—The Briggs Manufacturing Co. announced today it will distribute s cash bonus of approximately $1,000,000 to more than 27,000 shop and office employes en December 32. . Low. % THE EVENING NEW YORK CURB MARKE By private wire direct to The Star. Stock and Bales— Dividend Rate. Add 00. High. Gr Rap Var(160c) 3 13% Close. | Grt A&P T n v 16. 10 123 Grt Nor Pap (11).100s 374 Greenfleld T&D.. 6 8 Groc Store Prod _ 24 2% Guif Ofl(Pa) (1) 17 108 Hall Lamp (80¢)_. 10 6% Haloid Co (1) _ 2 Hartman Tobacco 15 Harvard Brewery. 2% Hazeltine (a2%).. Hecla Min (a60c)_ Helena Rubenst'n Hollinger G t65c . Holophane (a%0c) 663 | Horn&Hard 11.60 3008 Horn & Hardt pf 5 30s Hudson BM&S (1) 36 Humble Ofl (t1) _ 27 Huyler's(Del) (d). 11 Hygrade Food 3 Hygrade Sylv(12) 100s HIP&L6%pt 1008 111 Pwr & Lt $6 pf 750» Tllum Shrs(A)(2). 26s Imp Oil Ltd t50c. 26 Indiana PL (t40¢) 1 Ind'ap P&L pf 615 bCa Ind Service 7% pf 108 Indus Fin 7% pf 2288 Ins Co of N Am(2)850» Intl Cigar M 12 4 Intl Hy E1S cv pt Intl Mining (60c) - ¢ | Intl Mining war Intl Petr (+1%) | Intl Products__ Intl Utl (A)_ Intl Util (B) Intl Vitamin (50¢) Interst P(Del)pt_ Inv Royalty (3¢) 16 Iron Firemen(t1).400s Irving AirCh (1)~ 6 % | 1tal Superpwr(A). 1 Jacobs(FL)Co(1) 11 Jeanette Gla40c - 2 JersCen P&L pf 6. 10+ Jonas & Naum ___ Jones&Laugh Stl_ Kan City PS pf A. _| Kingsbury Br (d)_ Kingston Prod 40¢ Knott Corp (20c) Lack RR (NJ) (4) Lake Sh M (14) . Lakey Fy & Mach. Lefcourt Realty _ Lefcourt pf(a75c) Leh Coal&N a6oc 6 Leonard Oil BN Lerner St pf(612).100s Lion Oil R (a50c). 22 Lit Brothers ___ 3 Locke St1Ch 80c . 11 Lockheed Aircraft 60 Lone Star G aé0c. 11 Long Island Ltg . 40 Long Isl Lt pf B6 508 Loudon Pk'n 150¢c 3 La Land (40c) 21 | La Pw&Lt of (6)_. 258 | McCord Rad (B) . 4 McWilliams D (12 2 Mangel Stores 7 Mangel Stores pf_ 30« | Marion Steam Sh_ 9 Masonite Corp $1_ 4 .| Massey Harris 1 Master Elec (60c) 1 Mayflower A (3) 100s Mem Nat G(a50c). 4 | Mercantile Stores. 1 | Merch&M Aalic . 2 Merritt Chap &S~ 4 | Merritt C& S pf A 758 * | Mesabi Iron 4 | Mich Bumper C Mich Gas & Oil. Mich Sugar__ Mid Sta Pet (A) Mid Sta Pet (B)__. Mid-West Abras _ Midl'd Stl Prod(2) * Mining Co (Can) 4| Mock Jud Voe 60c 1 Moh H P&L 1st(7)375s Mohawk H 2d pf . 200s | Molybdenum Corp 8 + | Moore Dist (t50c) 2 Mount Prod (60c). 12 | Mueller Brass 11 2 Nat Auto Fib 1% _. Nat Bella Hess Nat Contain as0c_ Nai Fuel Gas (1 NatGyps A a2l . Nat Investors ___. 9 Nat Invest war __ 18 Nat Inv pf (a1.50) 1008 Nat Mfg & Stores_ at Oil Prod t60c. 2 Nat P & Lt pf (6) 1008 at Rubber Mach 5 15 2 1 29 1 8 t Transit (75¢) t Union Radio vel (Oscar) stle-Le Mur _ Nev-Cal El pf(i7) | New Brad O al0c J Zine (12) New M&A Ldale Newmont M a3, ¥ Auction a6l c Y Tel pf (633) 258 Niag Hud Pw ai0c 108 Niag H P(A) war 19 Niag S Md Ba6uc. 381 | Niles-Bem-P (a1) 2 issing (a5uc) . 12 Noma Elec (a40c). & North AmL &P 26 North AmL&P pf_ 2008 NARayonAill. 1 North StatesPA_. 4 Novadel Ag (2) 4 !Ohlo Edis pf (6)_.226s Ohio Oflcupf (6). 1 Ohio Pwr pf (6) Okla Nat GasCo_. . 2 Oil Stks Ltd t40c_. 1 Okla Nat Gaspf__. 50s 28 ' Oldetyme Distil _ 18 63 | Pac G&E 1st (1%) 1 31% Pac Public Service 3 734 | Pac Tin spec (12) 14508 45 Pan-Am Air (1) __ Pantepec Ofl Param't Motors _. 2 6! Pat Plym M(a2) _ 20s 62 | Peninsular Tel(1) 1008 273 | Pennroad (a25¢c) . 79 & | Penn G&E (A)1% 1 16% | Penn P& L (7). 108 1103 Penn Salt (4) ___. 50s 16715 Pepperell Mfg (6) 2255 149 Phillips Pkg a50c. 6 154 Phoenix Secur _ 67§ Pie Bakeries t60c_ 22 Pierce Gov (a30c) 184 1161, 170 £ 143 49 2 g 8% 5574 38% 364 883 1083 109} 111y 10 153 Taaw Pion'r GM Ltd 80c Pitney Bowes 40c_ Pittsbgh Forging. Pitts P1 GI (a6)__. Pleas Val Wine __ Plough Inc (1.20). Potrero Sugar . Powdrl & Alx 60c_ Pratt& Lamall. Premier Gold t1ze Producers Royal . Propper-McC (d) - Prosperity Co (B) Prud Inv (a50c)__ PubSveIndpf . 90e PubSve Ind prpf 10s PubSvc Oklapl7 2081 Pug Sd P&L pf(5) 1768 Pug Sd P&L $6 pf 200a 15| Pyrene Mtg(ag0oe) 1 Quaker Oats pf(6) 10s Rainbow Lum (A) & Rainbow Lum (B) Raym'd Con a25c % | Red Bank Reed R B new 180« Reiter-Foster Reybarn Co a25c.. Reynolds Invest .. Rice Stix DG b50ec. Richm’d Radiator. Roosevelt Field _. Root Petr (a25¢). Rossia Intl Corp - Royal Typewriter Royalite Ofl (12) . Russek 5th Av(1). Rustless Ir&Stl .. St Anthony Gold.. St Regis Paper .. 95 Scovill Mfg(al;) 750s Sexal Lock&H. .. 4 Seiberling Rubber 32 Selected Indus 12 Sel Ind all cfs 5% .100s Sent Saf Control .. 4 Seton Leath asoc.. 1 Seversky Aircraft 8 Shattuck Den Min 22 Sherwin-Will (4) . 450» Smith-Cor (a25c) . Sonotone C (a10c) So Penn Oil(t13;). Southl’d Roy 40¢c... SoCalEdpfC1%. Southn PL 20c._.. Southn Union Gas. 2.3 6334 0334 8134 4“ o us % O, | 808 23 SuweRBamarman " iin 1% 425 8% 274 4 % STAR, WASHINGTO SHOE PRODUCTION £ WELLABOE 195 ;;: » October Volume Represents 2% 9.5 Per Cent Increase Over Year Ago. By the Associated Press. ‘The Commerce Department said total production of shoes, other than rubber, during October exceeded by 9.5 per cent the output of October, 1935, but decreased by 2.7 per cent from September. Massachusetts, with 277 establish- ments reporting, produced 8,068,672 pairs in October, compared to 8,586,- 181 in September. During the first 10 months of the year Massachusetts’ firms made 69,913,922 pairs, the larg- est number of any individual State, compared to 65,042,470 pairs during a similar period of 1935. New York, with the second largest number of factories reporting, 188, manufactured 68,360,681 pairs in the first 10 months of the year, compared to 69,359,508 in a similar period of 1935. New York’s October output, Low. Close. | 134 13 128 123 3% 31y 8 8l however, increased to 8,569,579 pairs from 7,581,512 pairs in September. Comparative production figures for other States: 10 Months, State 19 28.634.717 24.179.7. 10 Months, 1935. 07 94305 4 Enooea 37116643 New Hampshire _ Maine Iilinois Mi-souri ~ o4 ‘Wisconsin 1.659.661 ———————————————— 903 Stock and Bales— Dividend Rate. Add 00. Square D pf A 2.20100s Stand C & S 12.40_ 508 Stand Iny cum pf_ 3008 Stand Oil Ky 1.40. 1 Stand Oil Oh a2sc. 15 Stand Pwr& Lt .. 21 Stand P & L (B) . Stand Prod (a2i¢) 3 Stand Sil&Ld (4c) 14 rett Corp vic 29 Sterchi Bros 1st 3. T5s Sterling BraTic . Sterling Inctabe)- Stutz Motor | Sullivan Machine Sunray Oil (altc) Sunshine Min (3)- Swan Finch Taggart Corp Tampa EI (2.24) _ 3 | Tastyeast(De)A - Taylor Dist (30c).- Technicolor Inc { | Tech Hughes T40c Tenn Products Texon Oil & L 60c Thew Shovel a50c Tishman R&C _ 114 | Tob Prod Exp 15c. 5 | Toledo Edis pf (6) 134 | Tonopah Min aéc 435 | Trans-Lux DP 20¢ 23 | Tubize Chatillion_ 27§ | Tubize Chatl (A)- 141§ | lung-Sol Lamp n_ 1063 | Tung-Sol L pf 80c 107 | Twin Coach(t40¢c) 3| Ulen & Co 7% % pt 74 | Unexcelled Mfg 6% | Un GasCana Unit Air wa Unit Corp wa Unit Gas Corp . Unit Gas C war. Unit Gas pt(33%) Unit Lt & Pw (A). Unit Lt & Pw pf _ Unit M Lt a13 2-5c Unit Prof Shaloc. Unit Shipyds B 85 | Unit Shoe M 1215 851 | Unit S Mpf (1%) 814 | U S Finishing pf._ 14| US Foil B (60c) - 2574 | U'S Lines pt 2 1034 | U'S Play Cards t1 100s 113 | US Radiator 3 155 | U S Radiator pf _ 76s J S Rub Reclaim_ 8 P Stores 2 i1y | Unit Storesvie 4 Unit Verde Ex (1) 10 Unit Wall Paper 26 { Univ Insur (1)~ _100s 51 | Utah Apex z 11614 11634 | Utilities Pw & Lt_ :5.‘. ':7‘; Util Pwr&Lt (B). % 35| Util Pwr& Ltpf 143 142, | Utility Equities _ 4814 483 | Util & Ind (new) . 2y 234 | Utility & Indus pf. 93 Venezuela Petrol - 314 Va Pub Sve pf(7)_ 10 55 Vogt Mfg Co (1). 38’4 Waco Aircraft. 3] Wayne Pump. 87% Wentw'th Mf 1.20_ 1083, W Va Coal & Coke 1991 Westn Air Ex (n) 1114 W'n Tex U pf $3% 1054 Will 011-0-M a50c 15% | Wilson Jona21s 28 Willson Products_ [3%% | Wolverine Port C_ 1% ;| Wolverine T(40c) 73 774 | Wright Harg t40c 43y Ygstn St1 Door 1 6014 Yukon Gold(al3c) 17 8% 2 7 ! Dividend rates in dollars based on last % quarterly or semi-annusl payment % An: 6 ng_extras - aPaid this vyear T d Companies reported rganised. 2734 { yea in_receivershib_or_being . reo: FIRST TRUST LOANS 16% Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1520 € 8t. N.W Nationa! 6475 Loan Correspondent Mutua; Benefit Life [nsurance Co High. Low. Close. 86% 60 1974 394 4% 3% 205 b 5% W 64 1 & : 3 271 53y 22 10 2i4 | o 79'A} . 2% | 108 s 4 4 1508 1 . 1 o4 9 86 1 o 1634 17 2 13 23 T 623 5914 60§ 3 Any and All Kinds of INSURANCE? We handle policies covering every form of insurance that you might want or need. Let us arrange a plan for complete insurance coverage for your protection. J. Blaise de Sibour and Company INSURANCE BROKERS 1700 Eye St. NW. NAtL 4673 633 10335 8035 434 0] s % % 17 45 First Mortcace Loans —_— — District of Columbia— Apartments Business Properties New York Life Insurence Co.. 1321 Conn. Ave. N.W. DE. 3600 WEDNESDAY, DECEMBER 2, 1936. N (Continued from Twenty-second Page.) Prev. 1936 Stock and Gish. Low. 124 8% Western Maryland. 23% 15 Western Md 3d pf_. 4 1% Western Pacific .. 5% Western Pacific p 2% West'n Union (a2). 48% e ABal% 153% 'se El (a5%)_ 160 123% West'g'se 18t Df 33 % 22% West'n El Inst a85c. Weston Elec A (2) 19% Westvaco Chlor (1) 21% Wheeling Stesl 84 Wheeling Stl pf 16 18% White Motor 13% White Rk M 8(1.40) 3% White Sewing Mch. 16 White Sew Mcb pf.. 2% Wilcox Ofl & Gas. .. 9% 96'% 6% Wilson & Co (50¢c)_. 70 Wilson & Co pt (6). EXPORTS AND IMPORTS B3 the Associstea Press. The Commerce 2:18 pm. Sales— Net Low. Close. Chge. 9 9 87% 88% — % 44 Adn - % 19 1455 142% 143% -2% 508 153% 1584 153% +1% 4 2% 10s 38 18% 164 — % 5% 5k — % Prev. 1920 High, 71 36! Stock ana Low Dividend Rate 44% Woolworth «2.40) % 28% Worthington Pump 56 Worth Pump pf A 47 Worth Pumpof B 62% Wright Aero (1) 33% Yale & Towne t6 8% Yellow Tr & Coach 83'% Yellow Truck pf 13 42% Young Spr&W (13) 41% Youngs'tn Sheet&T 122 106 Ygstn S&T pf(5%) 42% 11'% Zenith Radio 9% 5% Zonite Products. Dividend rates including extras b Paid last vear reorganized. 630,000 1:00 P.M. ____. 1500.000 a X Ex dividend. given In the above table payments basen ow the latest quarterly or hi s Unit of trading iess than 100 shares. Accumulated dividends moanies reported in FINANCIAL. EW YORK STOCK EXCHANGE 2 Bales— Add 00. High 31 67% 22 33% 120s 80% 3 4% 1808 129 1 48% - 102 20% - 1308 158 3 48% 19 81% 1121 17 40% 18 7% Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 A.M. ... 12:00 Noon. 3:00 P.M. 1e ne annus cssh vear:y declarations, t Annual rate—not Net Low Close. Chge. 66 —24% 33% +1% T9% +2% | 4% + 14 | 127 +1% 48% — % 121% 121'5 41 39 39% — % ™% ™ 1 080,000 - 1.810,000 aPaid :his year Teceiversnip r being | Department ported today there were no wheat ex- ports during the week ended Novem- ber 28. This compared with exports| Marauding dogs killed 23 sheep in of 1,000 bushels in the previous week | and 8,000 the same week last year. ‘ re- S e s ’ last year. | Imports of wheat from Canada for consumption totaled 248,000 bushels for the week of November 28, com- OF WHEAT DECREASE pared with 628,000 the previous week and 1,295,000 bushels the same week one night on the farm of Thompson near Agenda, Kans. Arch | | FIREPROOFING SALES SOAR. NEW YORK, December 2 (P).— | Sales of General Fireproofing Co., | Youngstown, Ohio, for the first nine months were $5,546,556, an increase of about §5 per cent over the same | period last year, it was stated by | George Brainard, president. Virginia Tobacco Volume Curtailed By Cold Weather By the Assoctated Press. Cold weather and light snow flurries in some sections of the State curtailed deliveries yesterday on the Virginia flue-cured and dark-fired tobacco mar« kets. Sales on most of the markets were off somewhat and in some instances the prices sagged from Monday's ses= sion, first since the markets reopened after the Thanksgiving holiday. Planters said the cold weather was unfavorable for stripping. Rains in some sections put the tobacco in case for movement to the warehouses. | . Poundages and prices yesterday: | South Hill 63784 $20.10 Petersburg 21,170 20.27 | Danville __ 781,948 22.75 Rocky Mount. 39,000 16.15 Lynchburg* _ 44344 1163 *Dark fired. MONTREAL SILVER. MONTREAL, December 2 (P —Silver futures opened firmer. 25 to 40 higher December 48.50b; March. 46.90b: May, b—Bid | 47.00b. This is not an Offering Prospectus. The offer of these Debentures is made only by means of the Offering Prospectus. This issue, though registered, is not approved or disapproved by the Securities and Exchange Commission, which does not pass on the merits of any registered securities. Dated December 1, 1936 Interest payable June 1 and December 1 in New York City $160,000,000 . (of which $140,000,000 are publicly offered) American Telephone and Telegraph Company Thirty Year 3%% Debentures Due December 1, 1966 Coupon Debentures in denominations of $1,000 and $500, registerable as to principal. Registered ISSUE Inte: Five Year 8,5, Debentur. February 1, 1937, respective, Debt of the Company would be §448,098,700. tRepresents par or stated value. $In addition as of June 30, 1936 there were 11,559 shares under subscription at §150 per share by employees (includ- ing officers) of the Company and of certain other corporations to which the Employees’ Stock Plan was | extended. 129,230 shares are authorized for issuance to cover conversions of certain bonds of the Company. Debentures of this i at the following prices with accrued interest Debentures in denominations of §1,000, $5,000, $10,000 and $100,000. Coupon Debentures and registered Debentures, and the several dencminations, interchangeable. Redeemable, at the option of the Company, in whole or in part, upon at least 60 days’ notice, on any interest payment do.e, : to and including December 1, 1941, 107/, %, thereafter to and including June 1, 1956, 105%; thereafter to and including June i, 1961, 102',%; and thereafter, 100%. The following is merely a brief outline of certain information contained in the Offering Prospectus and is subject to the more detailed statementsin the Offering Prospectus and the Registration Statement, which also include important information not outlined or indicated herein. The Offering Prospectus, which must be furnished to each purchaser, should be read prior to any purchase of these Debentures. THE COMPANY American Telephone and Telegraph Company, incorporated in New York in 1885, and its telephone subsidiaries are engaged principally in furnishing communication services, mainly telephone Operating Revenues Net Operating Income. ... Other Income. ... Total Income. and Other Deducti Consolidated Net Income *Negative amount. The figures for 1984 reflect adjustments made in various accounts in connection with refunds ordered in eertain rate cases. Provision, if any required, for Federal surtax on undistributed earnings for 1986 cannot be determined untid the end of the year. pEBENTURES The Thirty Year 3/,% Debentures will be issued under an Indenture dated as of December 1, 1936 Sis Months ended June 30, 1936 Year 1935 re subjec Year 1934 service, in the United States. The properties of the Company consist mainly of toll lines and toll siwcitchboards, and those of its telephone subsidiaries consist mainly of exchange and toll lines, switchboards, buildings, telephone instruments and related equipment. The Company and its telephone subsidi Federal Communications Commission and by public service commissions or state or local authorities, within their respective jurisdictions. The Federal Communications Commission is presently engaged in an investigation of the Company and its subsidiaries. Western Electric. Company, Incorporated, a non-telephone subsidiary, is engaged principally in the manufacture of telephone apparatus and equipment about 90% of which is sold to the Company and its telephone subsidiaries. CAPITALIZATION (The Company and its Principal Telephone Subsidiaries=—Consolidated): Funded Debt of subsidiaries consolidated. . .. .. Notes Sold to Trustee of Pension Funds—subsidiaries Funded Debt of the Company . . 2 Notes Sold to Trustee of Pension Fund—Company . Preferred stocks of subsidiaries consolidated—held by the public Common stocks of subsidiaries consolidated—held by the public Capital Stock (18,675,283 shares, par value $100) of the Company} . ... ®Giving effect to the issuance of these Debentures and to the issuance in October 1936 of $175,000,000 of Twenty- due October 1, 1961, and to the redemption on December 1,1956, January 1,1957,and of three issues of bonds or debentures aggregating §332,5,9,900, the total Funded t to regulation by the i . § 437,594,275 114,373,295 440,943,600° 11,022,113 104,311,530 86,709,953 1,867,528,300 RPoOsE The net proceeds, exclusive of accrued interest, from the sale of the Debentures, after deducting the estimated expenses of the Company in connection with such sale, are expected to approximate $159,628,000 and are to be applied toward the retirement of the Company’s presently outstanding issue of $150,000,000 of Thirty-Five Year 5% Debentures, due February 1, 1965, which the Company is calling for redemption on February 1, 1937 at 110% of their principal amount ($165,000,600) and accrued interest. The Company expects to obtain the balance (approximately $5,372,000) of the requirements for such redemption, exclusive of accrued interest, from its current cash and temporary cash investments. EARNINGS The following figures are taken from the Consolidated Income Statements of the Company and its principal telephone subsidiaries in the Offering Prospectus and must be read in conjunction with such income statements and the notes appended thereto. Other Income as shown below includes dividend, interest and miscellaneous income of the consolidated group. It also includes the proportionate interest of the companies comprising the consolidated group in the earnings or deficits (after dividends) of all subsidiaries not consoli- dated, including Western Electric Company. The Offering Prospectus also contains separate Income Statements of American Telephons and Telegraph Company. The Registration Statement contains, in addition to the foregoing, Consolidated Profit and Loss Statements of Western Electric Company and its 100% directly-owned subsidiaries. Year 1933 $488,870,271 $919,116,223 $869,525,401 $853,825,376 3104,806,678 11,583,352 $183,160,747 14,346,928 $175,042,544 5,596,902 $165,969,789 157,067° 3116,390,030 31,310,177 817,507,675 64,589,182 $180,639,446 69,332,407 $165,812,722 65, $ 85,079,853 $132,918,493 $111,307,039 $100,508,464 between the Company and The First National Bank of the City of New York, Trustee. This issue ue ratably with have severally of Debentures is not secured. It is limited to $160,000,000 but the Indenture does not limit the amount of other securities or indebtedness, either secured or unsecured, which may be issued or incurred by the Company or by subsidiaries of the Company. The Indenture contains a covenant that if the Company shall pledge as security for any indebtedness or obligations any stock, owned by it at the date of said Indenture or thereafter acquired, of any telephone corporation doing business in the United States of America, or of any corporation owning 50% or more of the voting securities of anj such telephone corporation, the Company will secure the outstanding to purchase an aggre; Price 1029, and Accrued Interest :K. indebtedness or obligations secured by such pledge. Subject to certain terms and conditions, the Underwriters named in the Offering Prospectus b Sk 4 te of $140,000,000 of these Debemulqu fme:x the Company at 100%, or a total of $140,000,000, plus accrued interest. Sucf{ Debentures are to be offered to the public at 102%, or a total of $142,800,000, plus accrued interest. The underwriting discounts are 2%, or a total of $2,800,000. There is no firm commitment for the remaining $20,000,000 of Debentures, but the Company is withholding such Debentures for sale, on or before February 1, 1937, only to the Trustee of Pension Funds established by the Company and bycertain of its subsidiaries, without underwriting discounts or commissions, at 100%, or a total of $20,000,000, plus accrued interest. The Underuwriters, including the undersigned and the others named in the Offering Prospectus, have agreed to purchase $1/0,000,000 of these Debentures on the terms and conditions set forth in the Purchase Agreement, including the approval of legal matters by Messrs. Davis Polk Wardwell Gardiner & Reed, counsel for the Underwriters, and Mr. Charles M. Bracelen, counsel for the Company. It is expected that delivery of Debentures in temporary form will be made at the office of J. P. Morgan & Co. on or about December 18, 1936, against payment therefor in New York funds. The Underwriters have authorized the purchase and sale, in the open market or otherwise, of these Debentures and of the Company’s Twenty-Five Year 8Y4% Debentures, due October 1, 1961, for their several accounts, either for long or short account, within the limits and during the period set forth in certain agreements referred to in the Offering Prospectus. Further information, Securities and ticularly financial statements, is contained in the Registration Statement on file with the hange Commission, end in the Offering Prospectus which must be furnished to each purchaser and is obtainable from the undersigned or from any other underwriter of this issue. KUHN, LOEB & CO. LEE HIGGINSON CORPORATION BROWN HARRIMAN & CO. Incorporated Dated December 2, 1936 MORGAN STANLEY & CO. Incorporsted KIDDER, EDWARD PEABODY & CoO. THE FIRST BOSTON CORPORATION B. SMITH & CO.