Evening Star Newspaper, September 30, 1937, Page 21

) ? Private » Automobile (1a) ) FINANCIAL. THE EVE NIN G STAR WASHINGTON. D C., THURSDAY, EPTEMBER 30, 1937 FINANCIAL *% A—21 _—___—_————————-—;“_—____M_ Copper Production Reviewed CURB LIST MIXED AFTER EARLY RISE Industrial Specialties Hold Gains, Utilities Uneven as Oils Ease. Ey the Associated Press. NEW YORK, September 30.—Curb stocks, after early strength, lost part of their gains today. Buoyancy of industrial specialties and mining issues kept the list on the upside after utilities became uneven and oils sagged. Aluminum Co. of America was up 2!2 at midafternoon and Pittsburgh Plate Glass was 2'y higher. Other gainers included American Cyanamid “B,” Columbia Oil & Gaso- line, McWilliams Dredging and Pan- American Airway new. Higher among mining issues were Lake Shore Mines, Newmont Mining and Wright Har- greaves. Tilting downward in the oil sector were Creole Petroleum, Pantepec Oil and Sunray Oil. 'Lag Continues In Construction Awards for Week By the Associated Press NEW YORK, September 30.—Engi- neering construction awards for the week ended September 28 amounted to $42,494,000, the Engineering News- Record reported today. This is an increase of one-half of 1 per cent over the previous week, but 26 per cent below the correspond- ing week of last year. A comparative paper shows: Week ended Year ago. $ Federal State-municipal Total 161,000 $42,404,000 INSURANCE STOCKS NEW YORK. September 30 (#.—New York Security Dealers Association: Asked. Aetna Cas (2a) 84 Aetna Ins (1.60) Aetna Life Am Reserve (la) Am Surety (213) Balt Amer (.20a) Carolina City of N Y Conn Gen Lif Ca0)_~ Contin Cas™(1.20) Gen Reinsur (2 Glen Falls (1.60) Globe & an (.80a) "~ Globe & Rut Great Amer (1a) Hanover (1.60) Hartford Fire Home Fire Sec ome Ins (Ta) omestead (1) Kn‘ckrrb(;gkn i on Merc Ins Pr oo Natl Fire Revere 1P) Tn (1.30)° Rh Isl Ins (.20g) R Rossia Ins (iig) 25 8t Paw Fire 11a) - 203 Springlleld (41ze) 110% Sun Life ( 310 Travelers o 33 re . Westchester (1.20a) 30 a—Also extra or extr &—Declared or pag 5o far this year, PHILADELPHIA PRODUCE. DELPHIA, September 30 2829 HILA: e Live poapE: pullets. Rocks. = 2628, Sprine. chickens. ordi Lechom, Springers, fancy. 4 ucks. White Pekin, 5 Muscovy ducks biack, 18~ 21 1 Dressed poultry, Cnickens. Western, g;atsue Irx{nchnnz eat. No. 2 red Winty - tober delivery. 10915 ¢ sarlicky. Oc Bulqr.er top srades, 37%-41: 82, 36%-37: Eggs. 4.700 cases in easy; unchanged. NEW YORK BAR SILVER. NEW YORK, September 30 (&)— Bar silver steady and unchanged at 4 CURB BONDS 'DOMESTIC BONDS. High. Low. Noon. o6 s 86V, 18 i 1u-.‘Z 10535 108 C 10415 10432 10415 Z106% xmw, 10815 043, 8 00 pir mw Ed b5 B 108 1084 108 1057 103% 182 Qiv, 188, v, o 8asd mw. 106 105’ 10 Ve 100 * 100 29! D L&P bs_'57 Iowa P&L 415 '58 A Mengel Co 41as '47 Midlan V_RR 58 '4: Mil G Mins E Pw Or P NY_P&O 4 N Y 8 E& R & 1 83, O Hh ovga 3y 33, @03 25 Wis P& L 45 '66 A - FOREIGN BONDS. 91,.03,4-- 53 3 rul e Bons 63 s B0s B Btllln (H) 4s ‘4 "fl n 38% 38% 38% —Wi X wn,n t - Jw—With warrants, xw ot war. rants. §Negotis tCombp: ity impaired by macu m.y ies reported in receivership, Parm women of Uzbek, in Russia, are learning to repair tractors, [ | Am G & E1(1.40) | Brillo Mfg (.. 50) NEW YORK CURB MARKET Bynflnumdmtnmfl-. Stockand Bales— Dividend Rate. Add 00. High. Low. Close. Acme W vte (28) 50. 39% 39% 39% Afinsworth (.75g)- n -2 Air Devices l 1% 1% 1% Afr Invest . 2 2% 2% 2% Alum Co A .. 5508 113 111 112 Alum Co pf (8) .. 50 12 111% 112 6 6 Alum Ind (.40).. 6 Alum Ltd - 200s 88 88 88 Alum Ltd pf (6). 400s 121% 121 121 Am Beverage 1 1% 1% 1% Am Capital (B) Yy Y % Am Centrifugal 2% 2% 2% A CP&L ww Zlfih 3 A CP&L B(.30g) 1 Am Cyan B (.60). 26 Am Equit (.10g) - AmG & Epf (6). | Am Gen 3 | Am Laun M .80a_ 2 Am L&T(1.20a) 1 Am Maracaibo Am Meter | Am Seal Kap .20g Am Sup Power . Am Sup Ppf _. AmSP1pf(6) . Angostura (.308) Arctur Rad Tube Ark Nat Gas Ark Nat Gas A _. Ark Nat Gas of Ark P&L pf(7) .. Ashld O&R(.40).. AsSG&EI A _. ASGE&Elpf.__.. As G&El war At Cst Fish(.3 Atl Coast L Atlas Corp w Atlas Plyw Automat Prod Axton Fis A _ Babcock &Wil(4) Baldwin Lo war Baldwin Rub .50a Bardstown DI Barfum Sta Stl__. Bath 1 W(6%1f)_. Beech Airc Bellanca Alre _ Berk&Gay rFurn_ BirdshoroSF.50g Bliss EW Bliss (E W) cod Rlue Ridge (.15g) Blumenthal (S) Bohack(HC)1 pf. Bourjols _ Braz T&L (.90g)- Breeze Corp BridgptMch T5g. Bright Star Brill A __ Brill B Brown Co pf Bro'n F&W 1.05g Brown Rub(.60a) Bruce Co (EL) _ Buckeye PL(3g) BN&EP pf 1.60 Bnk HI & S(1%). Cab & Wire B Can Ind Alc A Can Mare Wire Carib Syn (.50h). Carnegie Met Carrier Corp Casco Pr ("'AK)_ Catalin Am Cen H GRE(.80) Cent Oh St (85g) CP&Lpf(4.81% k) Cen & Sw Ut CenStEl __ Centrif Pi (.40) Ch MW Str (.80) Chesebro (48) _ Chief Cons Chi Flex Shft (4) Childs pf Cities Service Cit Serv pt Cities Svepf B _. City Auto St .45g. Cleve Tract Clinchfield Coal Colon Develop Col Fuel&] war_. Colum 0 &G Comwlth Edis 1% Comlth & So war. Consol Biscuit_ Cons Cop Min Con G&E B(3.60). Cons Ret Strs__. Cons Steel Corp-. Cont Ofl Mex____. (Cont Roll & Stl._. Cooper-Bess _. Coop-Bess pr pf_. Cord Corp Cosden Petro. . Cosden Petro pf_. Creole Pete 1.50g. Crocker Wh _ Crown Drug Crystal Ofl pt Cuban Tobacco Cusi Mex Davenp't Hos(1). Dayton Rub Dejay Strs (.80)-. Derby Oil Det Gasket (1)__. Det Gray Ir (.04). Det Mich Stove _ Det St Prod 1.50g Dobeckmun 1.40_ Dom St & Coal _. Duro Test (.40a). Eagle P Ld .30z . E G&Fpr pf(4%) EG&F 6% pf(3). East Sta Corp Easy WM(B).75g Eisler El (3%1)_. E] Bond & Sh El B&S $5 pf (5). El Ba&Sh pf(6)._. El Pow As (.15g El1 P &L war ElP&L2dpf A El Shov Coal pf.. Electrol vte Emsco D&Eq (1). Equity Corp. Evans Wallo Bx-Cell-O (.60g)- Fairchild Av Fansteel Metal _. Fedders Mfg .85¢. Ferro En 1.50g . Fisk Rub FlaP& Lt $7 Df Ford M Can B (1) Fa M Ltd(.213g) Frankln Ray .50s. Gen Alloys ... Gen Firepr .85g_- Gen Tele (1a) Gen Tel pf (3) ___ Gen WG&EDL(3). Georg Pow pf(6) 150s Glen Alden .25g - 5 Grand Nat Films. 11 Gt A&P nv (6a) .. 20s Gt Nor Pap(1a).. 1008 Groc Str Prod . 3 Groc St rts Oc 15. 4 Gulf Oil (.768) - = o ] AP amnmn~ SN D s B A - g CaNHn BON=D 508 @ S BT - 00 10 Hall Lamp(.30g). Hartman Tob Hat Corp B .60g. Hazeltine (3) . __. Hecla Min (.70g). Hewitt Rub (1) . Holling G1d(.65a) Horn&Hard(2) . Hubbell (H) .30g- Hud BM&S(%8). Humble O1] 13%g- Hummel RF .40g. Il lowa Pow 111 lowa Pow pf.. Il Ia Pdivet Imp Oil Can .50a_ Ind Ter Il A . InsCN Am(2a). Int Hyd-Elec pf.. Intl Pa&Pw war. Intl Pet (1%a)_. Inter Utill A Inter Ut B Inter Vita (1%)__ Int Home E(.44). Inters Hos(23g) - Inters Pw Del pf Ir Fire vte (1.20) IrvAIrCh (1) ... 4 9+ 8% 9 Jacobs Co (%g)- 3 12 1% 11% JeannetteGla __. 1 3% 3% 8% Jones & Lau Stl._. 5 59 BT 57% Kennedy's(.60g) - 1 9% 9% 9y Kingston Pr(40) 6 4% 4 4% Knott Corp .30g-. 210 10 10 Lake Sh M (4a).. 29 50% 49% 50 Lakey Fdy & M_. T 4% 4% 4% Lefcourt Real pf. 1 14% 14% 14% Lehigh CEN(.30) 5 6% 6% 6% d O1l. 19 % % % 8 24 23 28 210 10 10 Lone 8t G(.40g).. 4 8% 8% 8% Long IsLteaeeee 5 3 2% 3 Stock and Dividend Rate. Add 00. High. Low. Close. Long Is L pf(7) w X 11 Long I L pf B(6) 12| 55% Louis L&E(.40).. % Lucky Tiger ... % MoWill's D 1.25g. 14% Marion St 8hov 9% Massey Harris 4 7'& Master Elec 1.60. 250 8% 18% Mead John (3a) 1%6s 107 107 107 Memph N G .30g- 2 44 4% A% Merritt-C&S 1 4% 4% 4% Mer-C&Spf A 258 60 60 60 Met Textile .10g - 1 14 1% Mich Bum - 4 1% 1% MichG & O 1 6 6 Mich Steel T(1g) 1 12 12 Mid St Pet B vtc. 7 % % Midwest Abr 2 2 2 Midwest Oil .50g- 1 8l 8l Molybdenum 2 ¥ T Mngrm Picture; ¥ 2 2 Mount City Cop 1 8 Te Th Mount Prod (60) 3 5% 5% 54 Murray Mfg .90g. 513 13 13 5 21% 214 21% 7 1% 1% 1% 2 T Th Th 2 12% 12% 12 Nat Contain .T6g. 1 9% 9% 9% Nat Fuel G (1) ... 1 4% 14w 144 Nat Mfg & Strs 1 4% 4% 4% Nat P& Lt pf (6) 100s 64 64 64 Nat Rub Mch 6 8 T4 8 Nat Service 3 & & & Nat Trans (.458) o 9 9 Natl Tunnel & M. 6 24 l\l 2% Nestle Le Mur A 1 1% 1% 1% NET&T (4%g). 80s111'4110 1114 N H Clock (1%). 1 184 18% 18% N Y Mer (.80a) . 2 12 12 124% NY P&Lt pf (7).. 108 lfll‘. 101% 101% N Mex & Arlz . 3 1% 1% Newmont (24 g) 5% YC Omnibus wr lag Hud Pow NgShMdB(.15g) . Niles-B-P (1% 2) Nipissing M Noma El (.40g) . Nor Am Lt&Pow. No Am Ray A 2g. N Cen Tex(.15g). Nor Europ Ofl. NorStPA Novadel-Ag (2) .. Okla Nat Gas Okla Nat Gas nL 1008 Oldetyme Dist 1 3 3 6 Pantepec Ofl 40 ParkbgR&R 80g. 6 Pender Gr A 3% . 50s Pennroad (). 16 Pepperell (6a) __. T5s Pa Edis pf 2.80 _. 508 PaP & Ltpf (6). 30s Pa P&Ltpf (7) . 1008 Pharis T & R .60 1 5% % B% PhoenixSec(}%a) 5 4% 4% 4% Phillips Pkg. . 1 62 6% 6% Pioneer Gld(.40). 6 31 3% 3% Pitney-Bow(.40). 2 6% 6% 6% Pitts Forg 4124 1% 1% PittsLE(43g) 1208 69 68 68 Pitts PIGI(5%g) 5110 108 110 | Plough Inc(.80c). 110 10 10 PotreroSugar . 3 1% 1% 14 Powdrell&A 558 2 64 6% 6 Premler Gld.1za. 1 2% 2W 2% Prod Corp S A0k At Prosperity B _. 1 1% 11% 11w Prov Gas (.80)._ 4258 8% 8% 8% PSind$6pf __. 30s 21 2013 21 PSInd$7prof 60s 371 364 375 Pug SP$5pf6%k 300s 33 324 32% PugSAPSEDL__. Toe 154 15 15% Pyrene (.408) ... 1 8% 8% 8% Rainbow LumB. 1 % % % Red Bank Ofl 220 20 20 Reiter-Fost_ 2 & & & RevnoldsInv __. 1 14 1 1i Richmond Rad. 1 2% 2% 24 Rossia Intl 1 % & % Root Pet (14g) - 3 4 4l 4% Royal Qil Ltd 1a. 255 34% 343% 34% | Russeks F A 1.50 4 815 B8y Ry Rustless 1&S._. 8 10 9% 10 Ryerson&H_.... 4 2% 2% 2% St Anth Gold 1 i) e % St Regis Pap 12 5% 5% B4 Segal Lock - 4 1 1% 1% Seiberling Rub . 6 415 4 44 | Select Industries 7 1% 1% 1% | Selec Indalct 535 100s 87% 87% 877 | Sel Ind prptf 53 . 3508 864 86 36 Sentry S Con _ 1 % % % Seton Leather 5 5 5% 5% Seversky Afrc. 5 2% 2% 2y Shattuck Denn . 13 1113 1044 11% Sherw-Wms pf 5 2008 106 105% 106 Silex (25g) ___. 3 8% 8 84 Simmons H&P S '3 5.9 Solar Mfg (.208). 1 4% 4 44 Sonotone (10g) .. 11 2 1% 1% Soss Mfg (34) 4 8% ™ Th SCEACpf1% 1 25% 25% 25% SoCoast (.30g) - 3 4% 4% 4% SouthI'd Roy 40. 1 8 8 8l So Penn Oil 1. 1 4213 4212 4215 Span&GenLtd . 1 % 4% % Spencer Sh1.05g. 1 8% 8 8§ Stand C& S1.60a 3 18% 1815 18% Stand Inv pt s 26% 26 25 StOilKy (1a)... 1 1813 181 1815 StOil Ohio (1)... 1 298 293 29% StPowé& Lt ... 12 24 2 2 Stand Prod (1) 3 13% 13 13% St Sil-L (,02g) - 4 %Ry Starrett Cor vte.. 5 3% 34 Sterchi BrStr _. 4 7 6% Sterl'g Alpf.75g. 2 7% Th SterlInc (.20a)_.. 8 4% 4 Stroock & Co2._. 50s 17% 1714 17% StutzMoAm (r). 1 % Y4 ‘1 Sunray Ofl 15g.. 3 3% 3% Swiss-Am El pf_. 50s 114 114 lll Taggart = .. 4 TUOTHR Tw Tastyeast A 1 % % % Taylor(X)Dist.. 2 2 2 2 Technicolor .50g- 8 26% 26% 25% Tech-HG (.408). 80 5 5 5 Thew Shovel ___ 1508 22% 22 22 Tob Pr Exp .15 3 3 38 Todd Ship (2) s 5215 524 TonopahBelm't_. 1 & & & Tonopah Min __. 1 % & % Trans-Lux (.20). 6 3% 3% 3% TranswestOfl .. 2 8 8 8 Tubize Chatillon. 9 14% 145 14% Tung-SolLamp.. 1 4 4 4 Ulen&Co7%% pt 3 2% 24 2% Unexcelled Mfg_. 1 1% 1% 1% Union G Can 60_. 1 14k 14% 14% UnPremFS.80_. 110 10 10 Unit Gi 42 6% 6% s% UnitGaswar .. 3 1% 1% Unit Gas pf (7) - 8 106% 106% lofih UnitLt&PowA. 15 4% 4 44 UnitLt&Pecvpf 11 33 31 31 Unit Pr Sh (.10g) 2 Unit Shipyds B 1 Unit Shoe M 234a U S Foil (B) .50g. 7 Y USRubRecl __ 12 3% 3% 3% Unit Spec (1.40) . 1 9‘/: 9% 9% Unit Ver Ext 1g.. 3 3 3 Unit Wall P 15g. 11 zu 2%, 2% Ut Idaho S.158 2% 2% 2% Uth P&L pf 2.92K lBOu 52% 525 524 UtlPW&LL(r). 4 % & % Valspar Corp vtc 1 4% 4% 4% Van Nor M T 1.60 118 18 Venezuela Petrol. 5 1% WacoAlre._._._. 1 3% 3% 3% Wag Bak'g1.20g. 4 14 13% 14 Waitt & Bond(B) 2 1% 1% 1% Wayne Knit M 6 9 9 2 9% 9% 9% 8 3% 3% 3% WestVaC&C .. 4 3 3 3 Wms Oil-O-Mat._. Wil-Low Caf (r). Wolverine Pt C.. “Nolverine T .40g Woodley Pet .40 Wright Har 40a. Ygstn Stl D new. Yukon Gold .12g . £ (b bankruptc: ership or being reorsanised under the Bankrn el arinea B ) w:;:n‘l: * B‘!fl of dividends in table are annual disburscments b, eu o8 -5 aulrufl: Or semi-annual dec h‘ dzndl -u ot tacind et a0 nny%b‘- RSy .“flm . far tl u vear no b & kAecnuu 'Qd dlvld!nfl paid eetazea Sate year. ww— war- Xw Without warrants m'nr- YUGOSLAVIA TO PAY. NEW YORK, September 30 (#).— The State Mortnuz Bank of Yugo- slavia has deposited with J. & W. Seligman & Co. sufficient funds to pay 15 per cent of the face amount of all October 1, 1937, coupons on the $3,545,500 of secured 7 per cent sinking fund gold bonds of the bank due April 1, 1957, which are reported to be in ciréulation outside of Yugo- slavia. Payment will be made at the rate of $5.25 for each $35 coupon and $2.65 for each $17.50 coupon., & 20 Amer. VIRGINIA TOBACCO v |Brisk Selling Marks Start of Season at Eleven Old Belt Centers. 8y the Assoctated Press. Selling was brisk as Virginia's 11 old belt tobacco markets opened today. Prices generally were as high or higher than at last season's opening. Growers at several markets agreed prospects were good for the opening day's average price to top the 1936 opening day average. Some markets reported a wide price range during the first hours of selling. At Danville, the largest of the State's old belt markets, a “break” of more than 1,000,000 pounds was of- fered. Prices covered a wide range with medium leaf selling higher than last year. The best offerings, how- ever, sold for about the same price as on last season's opening day. An estimated 300,000 pounds of the bright leaf was on the floors of Rocky Mount’s two warehouses. Up to 10:45 a.m. approximately 45,000 pounds had been sold at the first warehouse to open, bringing an average price of 24 cents per pound. Selling was to take up at the second warehouse after con- clusion of the opening sales on the first floor. The floors of three warehouses at Petersburg were crowded at the open- ing of the auctioning and warehouse men predicted the day’s sales would at least equal the 151,162 pounds moved on the opening day last year. Prices were high at the Petersburg opening. Warehouse men said indica- tions were the day’s average would top the $17.17 per hundredweight average of 1936’s opening. At Martinsville the grades were Ye- ported moderate, bringing an average of around 20 cents per pound. The price ran in the forties, however, and showed strength in the thirties. Ware- housemen estimated the day's sales would aggregate 200,000 pounds. Growers expressed satisfaction with the price outlook, but were agreed gen- erally that late August rains hampered the development of the crop. The other Virginia markets are South Boston, South Hill, Chase City, Clarksville, Kinbridge, Brookneal and Lawrenceville. . Washington Exchange _ SALES. Capital Transit Co.—2 at 10. Potomac Electric Power 5'; % pfd.—10 at 111%. Washington Railway & Electric pfd.— 10 at 110, 10 at 110, 5 at 110, 5 110. AFTER CALL. Potomac Electric Power 3145—$1,000 at 1023, $1,000 at 1023, $1,000 at 10253, Potomac Electric Power 6% pfd.—3 at 113%g, 5 at 11315, 2 at 113. Capital Traction 55—$500 at 80, Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer. Tel. & Tel. 4125 Anacostia & Pot Bs Ana. & Po.. Guar: 5% C. & P. Tei. of Va. 5s Cap. Traction R. R. 58 City & Suburban 5s_._ Georgetown Gas 1st Pot. Elec. Pow 3'4s Wash, Gas bs 1958 Washington Gas 5s 1960 Wash. Rwy. & Elec. 45_ Col. Country Club 1st 4 W. M. Cold Storage 5s. PUBLIC UTILITY. . (9) #1633 3 S N. & W. Steamboat () 95 B oo, Pow. ox vig o) 11a Pot. 5/,', BL. (580 1103 Tain" Gas Lt new i1 2414 Wash. Gas pfd. (4.50 a1 Wash. Ry. & El. com. (36)_ 680 Wash. Ry. & EL pfd. (5).__ 1082 110 BANK AND TRUST COMPANY Sec. & Tr. Co_ (e8) *250 285 Bank of Bethesdu (n75) - 4 Canital ¢4) 145 & Savinas (¢10) 158 - et on (8) = shington B % sh."Loan & Tr ()7 295 FIRE INSURANCE. American (6) -20) National Union (.60) TITLE INSURANCE. Columbia (.30) DT Real Estate’ (6)_ 21w MISCELLANEOUS. Carpel Corp. (2.00) _____ 20 L Lanston Monotype (t4) — _ 80 no Lincoln Serv. com. (11.00)- 21 23 Lincoln 8erv. pfd. (3.50) - 4 iz Mersenthaler Lino. ' (2.00) 37 Peoples Dr. t. com, (11,00) 45 Peoples Dr. St. pf. i) 113% R A 152 i ] " 55 62 Wawa. & Ttk v (D20 1% Blus exiras. 20 extra f1%% ex us _extras, 2 tra, B750 exira. %% 300 pald June 24, 193 CHICAGO LIVE STOCK ICAGO, September 30 (7 De- pastmei ot ARficujture ) ors $o. 000 including 3.000 direct; mostly higher “than Wednesday's average, Yoo choice. 0.35; bulk good 190-2:30 poiinds, 12.00-30: 240-300 x““““‘ 11.70- 35 25: 150-180 pounds; 11 62 200 Ng _SOWS. foht weights, 10.55: ou\st-ndmx has %o 11.00. Cattle. 5.500: calves. 1.200: steer trade slow, steady: choice and prime kinds ab- sent: best light steers early. 17.35: sprinkling, 4.00; sizeable supply, and warmed up light offerin 553000 all lower srades unevenly 2 .70. mos bulls, 5 lower, mainiy 7.00 down to 6:25 according to weight: vealers mostly 11.50 down: very few 12 stockers and feeders fow. 25-50 lower for the Week. Sheep. 11,000 including 4.500 direct: Spring llmbl active: strong to 15 hi a&ki dvance and choice 0.50: sheen 4.75 mostly: feeding Tambs tive ewes, 3.50~ scarce. LONDON BANK CHANGES. NDON, Beptember 30 (2. —The Bank of "Eathad etmermun 70 ing September pounds) : Cireulation, week end- 20 (in flmlll-nd! of o ABG:A70: Increase Private deposits, . Government ; decrease, X 029. Other 938; increase.” 109. of 'the bank's reserve to portion I!lm;y 1035 8 per cent compared with ‘Hate ‘ot discount, 2 per rent. U. S. TREASURY POSITION. B3 the Assoctated Press. The position of the Treasury September 28: “Receipts, $16.311.694.03: cxvendi- Eires, STW 500070 40: balance, STeBR. 543,553,68; customs receipts for the month, 33,777,384 84, | Receip he fiscal year (since July o A% 4 xpenditur A3, 3300507 04 nciuding $519.406.209.19 of emergency expenditures: excess of ex- penditures. '3265:084.037.19: eross _ debt. ,600.913.562, a decrease of revlou‘ day: lold under the 8,003,750, 57. InCluding © 1 Toactive soid: ,974.69 of Bets. 202,47 RUBBER FUTURES. W YORK. eptember 30 U7 —Cru NEW fllbhfl "“ T, 115:3 80; Hlnsh 786-17.85¢ Tuy, 17.80-17. a A \ADVERTISING ACTIVITY *Average First 8 Months COPPER FOLLOWS UNEVEN COURSE| Some Important Sellers Fail to Meet Reduction of 1 Cent in Price. By the Associated Press. NEW YORK, September 30.—The domestic copper market continued in divergent trends today, owing to the failure of some important sellers to meet yesterday's 1-cent reduction. Metal circles heard of sales at 1214 cents a pound, up '. cent from the level established yesterday by custom smelter offerings. On Monday the price was reduced 1 cent from the 14- cent level which had ruled since last April. Export copper was quiet around | 12.15 cents, unchanged from the pre- vious day. Yesterday large primary producers | were reported unwilling to go to 12| ¢ cents, although they dropped to 13 cents Monday after a custom smelter had offered copper at that figure. | Selling circles were disinclined to| make predictions as to the effect of the price reductions in mmulmmg; domestic demand, but the fractional | stepping up from 12 cents was inter- | preted as a sign of improvement. Re- | cently buying had been at low ebb. | Copper futures were about % of a cent higher in early dealings. Scrap | copper was boosted ' cent, tollcv\mg: & % -cent cut. In other leading non-ferrous metals | trading was quiet with prices fairly in line with the previous day. DOLLAR GOES DOWN IN LONDON DEALINGS By the Associated Press. LONDON, September 30. — The United States dollar lost 5-16ths of a cent in foreign exchange transactions today, ending $4.94 15-16 to the pound, | compared with sterling at $4.95!3 in | New York overnight. French francs were quoted 144.56 to the pound, against 144.62 yesterday. Francs for forward delivery were dis- counted 9'¢ to the pound. PARIS, September 30 (#)—Rentes, 3 per cent, 71 francs 85 centimes; 4!3s “A" 75.95; 4125 1937, 100.65. Exchange on London, 144.25. dollar was quoted at 29.20 The IMPROVES IN AUGUST | EY the Associated Press Fort ‘St Un Depot $2.75 B Genersl Mashinery Corp 4%2% cv "‘/2 Q Gilmore Oil s1 Hatfleld-Campbell Creek_ oal 5% pf 15 Hercules Pow 67% of-81 5 Mprtel Milly S5 p! s Monroe Cllcullllnl Machine 7% =328 3% R=22REZZZE 000 00 0 00 o OO0 O | DOO D 552 Thatcher Mfg conv pf 90c weswu;o Chlorine 5% .\mrr "% Trac E.t. & Rwys 559 osos (i ry al 75 cents on July 22 FOREIGN EXCHANGES. NEW YORK, September 30 (#.—For- elan exchange'steady: Great Britain in Britain. deman 60-day bills. 42350 Vai Germany. 70 travel, 24 88: Y. Bflclum registered, 55.20: Denmark. 16. s ol : .03 85 flg‘:’l‘g‘{:‘l in New Yurk, 1(‘0 00 NEW York in Montreal. 100.00. n—Nominal. O0DD-LOT DEALINGS. By the Associated Press. The Securities Commission reported to- day these transacti customers with odd-lot dealers or IDGG I ists on !h! New o e < srvolving 557 806 . Chases g llli)uel: 5??;0 sales involving 166,445 ar ” SHIPPING NEWS Arrivals and Departures at New York. ARRIVALS, Today. " 33 u3 3 &8 > »UPT B> BR RERE ER olk \u,Nu.(;o “Havana MUSA—Puerto Barrios _ NORMANDIE—Havre NORTHERN Buenos Aires ST. LOUIS—Hamburg Tomorrow. AMAPALA—La Ceiba CABlhTHAE—NAsnu [ aun mm e 2% & 85 & NEW FORK_ —Hamburg _ ORIENTE_ Havana . 9:34 BOTTERDAM—west Indies” 22 8:00 Norfolk -~ 3:00 SHAW\I:B—Muml i I 700 Saturday October 2. CITY OF BIRMINGHAM— Bavannah 7:00 AM Sunday. October 3. GEORGE WASHINGTON— Norfol - 3:00P.M PETEN—Port Limon _ Noon Mona-y, October 4. PM. PM. £:30 AM. 8130 AM. TROQUOIS —Jacksonville _ 7100 AM QUEEN OF BERMUDA— Bermuds - R30AM OUEEN MARY__Southampton 1000 A'M SANTA BARBARA —Valparaiso 8:30 AM. SATURNIATrieste AD TA— Liverpool PM —Paramaribo 8:30 AM TRANSYLVANIA—Glasgow 9:00 AM VO ENDAM Hbterdam AM 'rnmny October 5. RGEN D—Oslo 830 AM i DE nu\ct—-mue : AM ORIZABA—Vera Cru 8:30 AM. PRES. l"oll(—warld cruise AM. Ro olk 00 P M. | 830 AM OSA_San Francisco R.40 A M ¥ eston 6100 AM. NDAM—Rotterdam AM. Wednesday, October 6. KUNGSHOLM—Gothenburg AM PAN \AMERICA_Buenos Alres_ Noon | ULUA—Santa Marta _____ PM SAILING. Today. BLACK TERN Rotterdam . 1:00 PM. YORK— 5 urt ROBIN GOODFELLOW - Beira Tomorrow. AMERICAN BANKER—Plymouth 4:00 P. NDIE SAMARIA S Eivermoat Saturday, October 2. | GEORGIC—Havre PENNLAND—Antwerp ROMA—Genoa Sunday. October 3. No sailings scheduled. | Monday, October 4. No sailings scheduled Tuesday, October 5. BLACK EAGLE—Rotterdam __ Noon EXTAVIA—Constanza Noon Wednesday. October 6. Hamburg No m dnieht NEW ¥ QUEEN e thampton 1100 A SATCRNIA Eisbon Noon NEW YORK, September 30. — The SAILING. general index of advertising activity, | (50uth and Central America, West Indies compiled by Printer’s Ink for August, Today. showed a rise of 1.5 per cent over =(A)g_{_:gl“:§h'_z1‘ru!;’ll? City 3;00 P M. ‘ristol oon July and & gain of 8.5 per cent over | FRfe HARRISON Worid crulse 7:00 P M August, 1936, it was announced. 3{‘(’:}!&&‘_\!‘,“" g D —Vera rul - Four of the five classifications of Feiksiion advertising making up the index | AMAZONE—Magua. - 400 PM. showed gains, only magazine adver- | BENEDICT—Natal £:00 AM tising recording & decline. INGRID—Paramaribo 3100 M Saturday, October 2. Ty or gumnom,\i— A DIVIDENDS ANNOUNCED L Nnnn NEW YORK. Beptember 30.—Dividends & na 1:00 B0 declared. Prepared by the Standard Sta- 11:00 AM. tstics Coro, FORT AMHERST 8. Jonn's - 11:00 A-M. e- Stock of Pay- | MONARCH OF BERMUDA— Rate. nod record. able. | Ber $WEE iebervel MUNARGO—Nassau Tiovp Kable Bros. MUSA-—Puerto_Cortez oo NORTHERN PRINCE— Rfl\mrd Buenos Alres 5:00 P.M. | Sorz Paper ____ 0c .. 9-15 10-1 |QRIENTE—_-Havana Noon PON( San Juan Noon Reduced. ROTTERDAM. - Curaco 1:00 P.M Bos Storage Whouse $1 Q 9-23 9-30 (SANTA CLARA—Valparaiso . Noon Increase. Sunaay, October 3. Hartford Elec Lt jc _10-15 11-1 No sailings scheduled. Regular. Monday, October 4. e e No sailings scheduled. Burser Brewing A% of 81 @ Tuesdas. October 5. Central Ry Sienal60c - CRISTOBAL—Cristobal g MONTANANPacific Coast - Elec & Mus Ind reg 10% 5. e us O I Wednesday. October 6. QUEEN OF BERMUDA— Bermuda 0 PM. HIRA—Maracaibo 0 P M. ZACKFRA SN inon 100 PM! TRAFFIC CONVICTIONS SECOND-OFFENSE SPEEDING. Marcel Beauvaris, 3042 Fourteenth street, $20. FIRST-OFFENSE SPEEDING. Kenneth M. Gentry, Maryland, $5. Charlie Johnson, 1801 Vermont ave- nue, $5. Ella R. Foster, 1400 Alabama ave- nue southeast, $5. Justin V. O'Conor, street, $10. Robert L. Reed, 642 Florence street northeast, $10. Edgar F. Poole, Maryland, $10. 3757 Jenifer Thomas C. R. Bragg, 1419 Fifth street, $5. William H. Weyrick, 6 Adams street, | $10. 349 McLean avenue southwest, $5. Edward A. Sheehy, 1726 M street, $10. Ephriam Harrison, 1720 Fourteenth street, $5. Albert J. Miller, Maryland, $10. Charles B. Scott, 53 I street north- east, $10. Theron Dersheimer, street northeast, $5. ‘Walter Reed, 2131 N street, $15. Sherman Burroughs, 3245 Livingston street, $5. Virginia V. Lanigan, 1621 Twenty- first place southeast, $5. 202A Bates CRANE MANAGERS TO MEET. CHICAGO, September 30 (Special). —District managers of Crane Co., Chi- M. | September THE WEATHER District of Columbia—Increasing cloudiness and somewhat warmer to- night; tomorrow cloudy, probably showers by night; moderate easterly winds Maryland and Virginia—Cloudy and slightly warmer tonight; tomorrow cloudy followed by rain in southeast portions. West, Virginia—Fair and slightly warmer tonight; tomorrow cloudy and somewhat warmer. River Report. Potomac and Shenandoah rivers clear at Harpers Ferry; slightly mud- dy at Great Falls today. Report for Last 24 Hours. | Temperature, Barometer. | vesterday— Degrees. ~ Inches. () 30.38 61 3041 Mbinient~ 54 30.44 Today— 4am 50 30.47 a 30.52 30.50 terday to noon today.) 50 p.m. yesterday, Year Year 47, 6:15 am. today. Record Temperatures This Year. Highest. 97. on August 20, west.' 18, on February 28. Humidity for Last 24 Hours, 'me noon yesterday to noon today.) ghest. 98 per cent, at f a.m. today. e ey cent at 10507 1o taday. Tide Tables. | (Purnished by United States Coast and | Geodetic Survey.) Today. Tomorrow. 4:15a.m. 5:13 a.m. 11:09 a.m = 432 pm. 5:46pm 277 11335 pm! 12:04 pim. The Sun and Moon. Sun. today 3 Sun. tomorrow Moon. tod: Automobile lights must one-half hour after sunset. Precipitation. Monthly precipitation in inches in the Capital (current month to date th, 1 Averne Recor be August | October | November December 332 | Weather in v:rwns Cities. p. Rain- o H'h Lo fall Weather Clea tation Bar it m xn a0 | Abnrm, Albany N, | Bismarck. N Boton. Mass Buffalo N, i Cerleston 8. hicazo. Ti E! Paso. Galveston Helena. Mont Huron | Indianapolts Jacksonville | Miimi. Fla Mapls-St. Paul | New Orleans | New York. N.Y Ckiahoma City Phoenix Pittsburgh. Pa Portland. Me | Portland. Oreg Rajeigh. N. C _ Salt Lake City San Antonio . | San Dieso | San_Francisco _ = St. Louis C Seattle W 0 52 0.02 Rain Spokahe 46 loudy Tamps. Fla 70 0.14 Cloudy WASHINGTON 47 0.30 Clear POREIGN. (7 a.m.. Greenwich time, today.) Temperature. Weather. London. England . 47 C | Paris. France Cloudy | Yienna, Austria Cloudy | Berlin_ Germany Cloudy | Brest. France Cloudy | Zurich. Switzerland Stockholm. Sweden Gibraltar. Spain (Noon. Greenwich time. Horta (Fayal). Azores 68 (Current observations.) St. Georges Bermuda Ciear Sen Juan_ Puerto Rico 82 Cloudy Havana. Cuba Cloudy Elon.“Canal Zone -~ 80 Clear 75 TONS OF LEAD SOLD. NEW YORK, September 30 (#).—St. Joseph Lead Co. reports 75 tons of pig lead from Southeast Missouri- mines sold yesterday at $5.85 per 100 pounds St. Louis. Monthly $6.60 on pay off loan Other plans mortgage 1001 Bifteenth St cago, will discuss affairs of the 134 Crane branches here October 5, 6 and 7. The meeting has been called by P. R Mork, vice president, sales division. b 1 2 LONG TERM Mortgage Loans CLEARINGS DROP BELOW YEAR AGO Total for 22 Leading Cities Also Fails to Equal Preceding Week. By the Assoclated Press. NEW YORK, September 30.—Cone tinuing %he in-and-out movement noted throughout the past month, bank transactions for the latest period dropped below those of a year ago, and were also smaller than in the preced- ing period, when the total was swelled by heavy midmonth settlements. Total clearings for 22 leading cities for the week ended September 29, as re- ported to Dun & Bradstreet, amounted to $5221,571,000, compared with $5. | 547,785,000 for the similar 1936 week, a decrease of 59 per cent. This con trasted with a percentage gain of 225 in the like comparison a week earlier, The volume of clearings at New York dropped 11.2 per cent, falling from $3 .- 492,767,000 last year to $3,103,246,000 for the last period. The total at out~ side centers increased 3.1 per cent, rising to $2,118325,000 from $2,055,« 018,000 in the corresponding week & year ago. Clearings this week showed a loss of $1,278,956,000 from the total of the week preceding. Between the two similar periods of 1936, on the other hand, there was a gain of $242,011,000. Despite the decrease for the country as a whole, increases predominated at the outside cities. Some of the more important gains noted were: Minne- apolis, 19.2 per cent; Portland, Oreg., 16.3 per cent; New Orleans, 14.8 per cent; Cleveland, 12.9 per cent; Pitts« burgh, 12.3 per cent; Cincinnati, 11.9 per cent, and Seattle, 10.3 per cent. Clearings at leading cities, to- gether with percentage gains and losses compared with those of 1936 follow; also the daily average bank clearings for the months of July, August and September to date: (Totals in thousands.) Per cent Week September 2. 103 change, Bliedeiohia” Buffalo Pittsburgh Cleveland Cincinnati | Baltimore Richmond Atlanta | New Orleans Chicago Betrolt - St. Louts Louisville ~_C Minneapolis "~ Kansas City ___ Omaha San Franciseo & | Totat - 82118325 New York 3.103.246 Total all _ -$5.221871 | . Average daily— | geptember (to date)... August | July ADDITIONS OPENED BY RUSTLESS IRON New Stainless Steel Machinery ‘Will Boost Annual Ingot Rate to 40,000 Tons. By the Associated Press. BALTIMORE, September 30.—The Rustless Iron & Steel Corp. formally lnmmd today plant additions here which will increase its annual ingot capacity from 20,000 to 40,000 tons. | The additions cost approximately $1,500,000. The plant manufactures stainless steel. Chrome ore, the raw material, is | brought chiefly from New Caledonia, | Southern Rhodesia, Turkey and India. Because of distances involved, & year's supply is kept on hand. Ceremonies for the formal opening | began with a luncheon. Invited speakers included George M. Verity, Middletown, Ohio, chairman of the | board of the American Rolling Mill Co.: Charles Shipman Payson, New York, director of the Marine Midland Trust Co.; Mayor Howard W. Jackson | of Baltimore and C. M. Tuttle, presi- dent and board chairman of Rustless Iron & Steel Corp. MUELLER PROFITS RISE. NEW YORK, September 30 (P).— | Mueller Brass Co. reported net in- | come for the nine months ended August 31 of $901,048, equal to $3.39 a common share, compared with $660,226, or $3.06 a share, in the comparable period a year ago. Com- pany’s plants are at Port Huron, Mich. Sl NEW YORK SUGAR. NEW YORK. September 50 (/P).—Su= gar futures were steadier today on cove cring and irade buving against sales of on 27 and March net Tigher. March and May at 1.20 or 1% 175 Dionts met higher. With. the mass ket near the final hour at or within & fraction of the best REAL ES'I'ATE I.OAIIS RESIDENCE and 5% SMALL BUSINESS FRED T. NESBIT PROPERTIES 1010 VERMONT AVE. DISTRICT 9392 e Payments of each $1,000 borrowed, include interest and in 20 years. ® Interest charged only on unpaid balance of principal. ® Amount loaned—up to 6624 % of appraised value. ® Valuable prepayment privi- of financing first loans available H. L. RUST COMPANY NAtional 8100