Evening Star Newspaper, October 8, 1937, Page 14

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 8, 1937, A—14 wx» FINANCIAL, OFFICIALSLISTED ITRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ONI.B.A.PROGRAM S. E. C. Member and Chief of F. C. C. Will Speak at White Sulphur. BY EDWARD C. STONE. ‘Washington members of the Invest- ment Bankers' Association of America have received word from headquarters that the program for the coming meet- ing at White Sulphur Springs, W. Va., will include a forum address by George C. Mathews, a member of the Se- curities and Exchange Commission and another by Frank R. McNinch, . chairman of the Federal Communi- cations Commis- sion. Forums on regu- lation of the in- vestment business, the public utility § industry, Federal g taxation, and mu- nicipal finance will feature the twenty- g sixth annual con- vention early next month. Another George C. Mathews. . ooker will be Dr. John H. Williams, Harvard professor who is vice president of the Federal Reserve Bank of New York. Charles M. Johnson, Treasurer of the State of North Carolina, is also down to speak. In addition to five forums, there will be three convention sessions. covering recent developments in business and finance, committe reports on research work and the annual election. Francis E. Frothingham of Boston, nominated to succeed Edward B. Hall, Chicage, as president, lived in Washington dug- ing the World War and*headed the public utilities division of the War Finance Corp. A native of Brookiyn, he has been in the investment business in Boston for many years and very active in the association. Specialized Meetings Planned. Three specialized meetings on agri- eulture, customer and public relations, and clearinghouse problems will be included among the activities at the convention of the American Bankers' Association in Boston next week. Henry J. Steeps, president of the Bank of Baraboo, Baraboo, Wis., will outline the program undertaken by bankers in that State to improve re- lations with customers and the public. Jesse F. Wood, vice president of the State-Planters Bank & Trust Co, Richmond, Va., will discuss the in- dividual banker's responsibility in customer relations. The Agricultural Commission will have a Four-H Club demonstration to be staged by the Massachusetts State College. H. H. Griswold. mera N. %X, presidc at the table conference. At this session H. H. Harris, vice president, First and | Merchants National of Richmond, will | speak on “Corespondent Bank Re- lationship; Spaced Maturities and Sources of Investment Information. Home Loan Status Reported. Outstanding bonds of the Home Onwers’ Loan Corportaion totaled $2,963,588,575 on September 30, Patrick J. Maloney, treasurer of the corpora- tion, reported today to the Federal Home Loan Bank Board, which super- vises the H. O. L. C. Mr. Maloney listed a total of $284,- 251,800 in bonds ordered retired or cancelled from th~ Bond Retirement | Fund. These bonds include: 4 per | cents, $40.716,100; 3 per cents, Series | A, $1,710,875; 234 per cents, Series B, $35,023,450; 2!y per cents, Series G, $222375: 1'; per cents, Series C, $49,736,000; 135 per cents, Series D, $49,843,000; and ; per cents, Series H, $107,000,000. Many of these bonds are held by Washington banks and building and loan associations, home loan officials id today. Industrial Profits Higher. A 30 per cent increase in profits of the larger industrial corporations dur- ing the first nine months of 1937 was reported today in the Federal Reserve | Board's Monthly Review. At the same | time the board pointed to a slacken- ing in the rate of profit increase. The board added that a recently formulated program for easing credit probably forestalled the necessity of member banks borrowing from Reserve institutions to meet Fall and Christ- Mmas money demands. Reviewing general business condi- tions, the board said securities offered for sale by domestic corporations to- taled about $300,000,000 during the third quarter of this year, or only about one-third of the average offer- ings in the preceding four quarters. “The smaller amount,” the board said, “reflects in part the usual Sum- mer dullness, and in part the contin- uance of unsettled price conditions in the security markets.” The Bulletin called attention to the Beptember decline in industrial pro- duction, which normall, should show an increase over A.gust; dependence of the steel industry on backlog orders, and the slowing up of new capital issues. Retail distribution, on the other hand, is considerabl: larger in volume than last year, the report said. Off to Chicago Convention. Washington insurance men will leave here shortly to attend the Amer- ican Life Convention in Chicago next week. The delegation will include Howard W. Kacy, vice president and general counsel of the Acacia Mu- tual Life, and D. F. Roberts, treasurer; W. W. Crisp, vice president; Conti- nental Life; G. A. Clar!, vice presi- dent and actuary, Equitable Life In- surance Co, and F. M. Nettieship, .~ secretary of agencies. Mr. Nettleship is chairman of the national organizatior's industrial sec- tion and will preside at next Tyes- day's session. Heard in Financial Dlltflcl. Following action of the New York Stock Exchange, the Washington Stock Exchange will be closed next ‘Tuesday, Columbus day. All banks will be open as usual. Roderic Peters, W. W. Wallace, P. J. Griffin and L. G. Ehret, all officials connected with the Washington office of Servel, Inc, will be among 150 representatives from all parts of the country to attend the annual Fall sales conference of the company set for October 18 and 19 at French Lick, Ind. Directors of the Lnnxt,on Monotype Machine Co. have declared the regu- lar quarterly dividend of $1 per share, payable November 30 fo shareholders ©of record on November 19, Lanston Monotype stock sold at 80 on the Washington Stock Exchange today. Bid and asked quotations on other issues were practically un- changed. ‘Wood duchmn;mmnusu well as in water, By Private Wire Direct to The Star. 2:30 e Prev 1037 Stock and . Low. Dividend Rate. 40 Abbott Lab (1.60a). 10% Adams Exp (.30g)-. 20% Adams-Millis (2).. 1% Advance Rumley 574 Alr Reduction (la! 1% Air-Way El Ap 9% Alaska Jun (.60a)_ 1% Alleghany o 15 Alles pf $30 ww_ 1414 Alleg pf $40 ww ____ 21 Alleg Steel (1.20g) 11 Allen Indus (1). 252", 180 Allied Chem (6) 18% Allied Kid (1a)_ 1615 Allled Mills (2g) 11 Allied Stores (.2 484 Allis Chalm (2g) 3% Amal Leath __. sfl, Amerada (2) Am Ag C(Del)614g. Am Bank Note %g_ Am Brake Sh (2g) AmCan (48) . Am Car & Fy (%g). Am Car & F pf (4g) Am Ch&Cable 1. Am Colortype Am Comel Alco Am Crys Sug p: IS) Am Encaustic Til - Am & Forelgn Pow. Am& F P $6 pf Am & For Pw §7 pf _ 2 Am & For Pw 2d pf Am Hide & Leath Am Hide & L pf (3) Am Home Pr (2.40). Am lce Am International . Am Locomotive Am Loco pf Am Mach & Fy (1) Am M & Met (.60)_ + Am Metal (%g) Am Metals pf (6) . Am Pow & Lt 4 AmP &L $5 pf (5). Am P& L $6pf (6) Am Rad & St S(.60) Am Rolling Mill (2) Am Roll Mevpt 415 Am Safety Raz (2)_ Am Seating (%g) Am Shipbldg (2a) Am Sm & Ref (4g) Am Smelt pt (7)__. Am Snuft pf (6) Am St Foun 1.50g Am Stores (1.50g) Am Sugar pf (7) Am Tel & Tel (9)._. Am Tobacco (5 4 Am Tobacco B (5) Am Toh e (6) Am T X Am Am Wat W 1pf(6)- Am Woolen Am Woolen pf(3k)._ AmZinc L&S Anaconda (1.258) Anchor'Cap (.458) 2 Armour Del pf (7)_. 7 Armour 11l (.558) Armst'g Ck (1.50g) Arnold Const (73 g), Artloom Ass0 Dry Goods Ateh T& S F (2g) . 2 Atchison pf (5) Atlantic Coast Line Atlantic Refin (1) _ Atl Refining pf (4)_ Atlas Corp (.80) Atlas Corp pf (3) Atlas Powder 2.50g Auburn Auto Austin Nichols_ Aviation Corp . Baldw Lo ctfs w. Balto & Ohio Balto & Ohlo pf Bang & Ar pf (5). Barber Co (%g) Barker Bros _. Barker pf (2%) .. Barnsdall (1) - Bayuk Cigar .56%g Beatrice Cr (18) .. Beldin-Hem (1) ... Bendix Aviat 758 Beneficial Loan (2g) Best & Co (2%a) 2 Bethlehm Stl 2.50g. Beth St15% pf (1) Beth St1 7% pf (7). Bigelow-. Qan( 2) .. Black & Deck (1a) Blaw-Knox (.70g) -. Boeing Airpl Bohn Alum (2.75g). Bond Stores (1.60) Borden (1.60) - Borg-Warner (2)._. Boston & Maine Bower Roll Bg(2g) - "« Bridgpt Brass Brigss Mfg (2.502). Bristol-My (2.40a)_ Bklyn-Man (23;g). Bklyn-Man pf (6) Bklyn & Queens Bklyn& Q Tpf _ Bklyn Un Gas 2.30g. 4 Brunsw-Balk .50g .. Bucyrus-Erie .25g.. Budd Mfg - Budd Mfg pf Budd Wheel (.. 20:) Bullard Co (1) - Bulova Watch (4a) Burlington Mills(1) Burr Ad Mch(.65g) Bush Term (r) % Bush T Bld pf ct(r) Butler Bros (.60) Butler Bros pf(1%) » Butte Copper & Z . Byers Co - 43 Byers AM pf 2.50k. 18% Byron Jack ((1g) .. 26 Calif Pack (1%a)_. 2Y% Callahan 2-Ld4 -- 9Y% Calum & Hee 1.10g. 20'; Campbell Wy (1) _. 14'% Canada Dry G Al 9 Canadian Pacific _ 36 Cannon Mills 1%g . 9413 Car Clin & Ohio (4) 88‘4 Caro Clin &0 st(5) 22 Carpenter Stl 1.60g 2 % Carriers&Gen .15g_ 12213 Case (J 1) (68) .. . 71 Caterpillar Trac(2) 26% Celanese (2.25g) __ 116 104 Celanese pr pf (7) 4814 28 Celotex Corp 1.20g 39% 28 Cent Asuir (1%a 12% 4 Central Fdy 41% 15'% Central RRNJ _. 24% 7% Central Violeta Sug 1413 6% Cent Rib M (.30g) . £6% 49 Cerro de Pasco(4a)_ 23% T' Certain-teed 351 Champ Pap & F (2). 10% Checker Cab Mfg _. 47% Ches Corp (3) 3815 Ches & Ohio (2. !"l) 90% Ches & O pf A (4) _ 1% Chi & East I11 (r) _ 4 Chi & East Il pf(r) 1% Chi Gt West (r) _. 512 Chi Gt West pf (r). 17 Chi Mail Or (1%a). 14 Chi MStP&P (r)_. 2% Chi M St P&P pf(r) 2 Chi&NW(r) ___ 6% Chi & N W pf (r)__. 15 Chi Pneu Tool 1% Chi R 1 & Pac (r)_. 3% CR1&P 1% pf (r) 10 Chi Yell Cab(1%g).. 15% Chick Cotton Ofl 53 Childs Co . 8313 Chrysler (7g) 14 City lce & F (2) _ 70 City I &F pt (fil&) 414 City Stores 313% Clark Equip 1.30g 11'4 102% Clev EI {1lu pf(414) 48% 30% Clev Graph B 1%g 90 85'% Clev & Pitts (3%) . 29%, 16% Cluett Peabody (1) 170% 119% Coca-Cola (3) 56% Coca-Cola A (3) _. &5% 13% Colgate-P-P (. 50)_. 62% 34% Collins & Alk (4g).. 51% 18% Colo Fuel & Ir (1g) 134 Colo & South 12% Colo & South 1st pf 12 Colo & Sou 24 pf 23% Col Brdcsts A 1.05g 23% Col Brdcsts B 1.05g. 8% Colum G&E (.20g) 18 Col Pict vte (1a) .. 89% Col Carbon (4a) 47 Comel Credit (4a) . 47% Comcl Invest Tr4) 10 Comel Solv (.60) .. 1% Comwlith & Sou 41 Com & Sou pf (3)... T% Conde Nast 27 Congoleum-Nrn(2). 10 Conn Ry & Ltpf _ 12% Consol Afreraft _ 79 " Cons f xw 634 275 Consol &t (1.50). 98% Consol Edis pf (5).. 3% 2619 143% 121 1018 1175 46k Sale: Net Add (‘0 High, Low. Close. chge. 42% - % 1 42 17 1!‘/- 424% 1134 21t 25% S manmn o~ ame - T R P R P T o) 1 1 20s 42 1 408 60 3y 4u 10% 144 20 10015 o 19 1 D00 3 B S 10 10 00 e e £ 'S N N N T Tk - 5 ) - wBunarabnianawanr-Bomag 1208 2 1 208 1 108 2 2 12 21% - W 26% — W 1% 62 -1% Prev High. 5% 18% 134 17% 10% 13% “B2% 3% T1% 1711 10% 5613 37 28% 1007 25% 81% 135 17% 1591 1801 20% 108 584 13515 634 67% 37 52% 120% 30% 4319 501 277 175 9015 234% 111% 111 2815 9ty 189 120 167% 15% 18% T3% 135% GS‘A 571 49% 52 110 15% 864 30 874 155 136 1% — 4| 110 23% 19% 693 2014 46% 354 16% 29% 2:30 p.m, 1937 Stock and Low. _ Dividend Rat 2 Consol Film. Consol Film p! 8 Cons Laundries 10% Ceonsol Ol (.80a) 4% Consol RR Cuba pl. 61 Consol Coal 29 Consol Cosl pf __. 19 Container (1.20) 13 Contl Baking A. 2 Contl Baking B 80 Cont) Baking pf(8)- 50 ContlCan (3) . .. 10% Contl Diamond 1%g 801 Contl Ins (1.60a) 1% Contl Motor 3314 Contl Ofl(De)1% g 17 Contl Steel (1) 53 Corn Exchange (3)- 54% Corn Prod (3) 153 Corn Prod pt (7) 514 Coty 27 CraneCo . 25 Cream of Wh 11% Crosley Radio 391 Crown Cork (2) 144 Crown Zeller (%g)- 39 Crucible Steel 5 102 Crucible St pf 5%k 6 CubaRRpf = 57 Cuban-Am Sugar._.. 19'4 Cudahy Packing_. 6% Curtis Pub 55 Curtis Pub pf (7). Curtiss-Wright Curtiss-Wright A_. Cutler-Ham (2g) Davega Stores (1a). Davega St pf (1%) . Deere & Co (28) . Deere & Co pf(1.40) Deisel-Wem-G (1a) Del & Hud Del Lack & W Den&Rio GW pf(r). Detroit Edis (68) . Diamond Mat (1a) _. Diam Mat pf(1%a). Diamond T Mot (1) Dist Corp-Seag Dixie-Vortex (114). Dochler Die( Dome Mines ¢4. Douglas Afreraft - Dow Chem (3.35g) Du Pont deN(4%g) Eastern Roll 103 133 Tia x Elec Auto L(2.20g)- Flec Boat k Horn Coal (r) . k Horn C'1 pf (r). 21 Paso Nat G (2) . 2 Puhlic Service. Exchange Buffet Fairbanks Co Fairbanks Mrse(1a) Fajardo Sugar(3g). Federal Lt & Trac.. Federal Motor Federa] Screw ____ Federal Wat Sve A Fed Dept Strs (2) _ Fed DStrpf (4%) id Phoenix(1.602). Firestone T & R(2) Firestone T pf (§) First Nat Strs(2%) Flintkote (1) Florence Stov 1.50g Food Mach (2.50a) Food Mach pf(415) . Foster Wheeler Francisco Sugar __ Freeport Sul (1g)-. Fuller 2d pf . Gabriel A Gair (Robert » Gair (Robt) pf (3). Gamewell Gar Wood Ind (%g) Gen AmInv _ ___ Gen Am Trns(1%g) Gen Baking (.60) Gen Bronze Gen Cable __ Gen Cable A Gen Clgar (2.50g)_. Gen Elec (1.20g) Gen Foods (2) Gen G & El A Gen Mills (3) __ Gen Motors (214 g)- Gen Out Adv ___ GenOut AdvA _ Gen Prtg Ink(.608) - Gen Pr Ink pf (6) _ Gen Pub Sve = Gen Ry Signal (1) Gen Real & Util Gen Real & Ut pf Gen Refract (2h)_ Gen Stl Cast pf 17% Gen Theater Eq.75g 1514 Gen Tire & Rubber_ 10% Gillette Saf R .75g_. 65 Gillette pf (5).__. 128 Gimbel Bros 62 Gimbel Eros pf (6)- 29%4 Glidden Co (2a) _. 4 Glidden rts Oct 25 213 Gobel Adolf 3% Goebel Brew (.20a). 23 Goodrich (BF) 18 . 657 Goodrich pf (5) 264 Goodyear T&R 1.505 943% Goodyr T&R pf (5). 6 Gotham Silk H 2 Graham-Paige ... 5% Granby Consol 2 Grand Union 14 Grand Union pf 2k 29 Grant (WT) (1.40a) 35 Great Nor Ry pf 1414 Grt Nor Ore ct(% &) 30 Grt Wst Sug(2.40a) 23 Green (HL) (1.60a) 10% Grevhound (.80) 9 Greyhound pf (.55) 114 Guantanamo Sug__ 26% Guantanamo pf.___ 8 Hall Print 103 Hamil Wath pf (6). 26% Harb-Walk (1.505) % Haves Body % Hazel-Atlas G1(5a). 9% Hecker Prod (.60a) Hercules Powd (6) Hercules Po pf (6) 3% Herc P rts Oct 14 50 Hershey Choc (3) 3215 Hinde & Dauch(1g) 24 Holland Furn 1.50g 98 Holland F pf (5. 15% Hollander (1) 23 Holly Sug (2%&) - 43Y% Homestake Min 43 15 Houd-Her B (1%)_. 815 Houston Ofl = 55 Howe Sound (3 9% Hudson Motor.. 27 Huop Motor 141 I1linots Central ... 28 Illinois Cent pf A__. 45 111 Cent LL (4) —__. Indian Refining__.. 24 Indust Rayon (2).. 99 Ingersol Rand(3g). 79% Inland Steel (4a) .. 13% Inspiration Copper. 4% Insuranshar (.10g). 4 Interb Rap Tr new. 32 Interchem Corp(2). 100 Interch Corp pf(6). 314 Intercontl Rubber . 12% Interlake Iron .40g- 314 [ntl Agricu 136 Intl Bus Mach (6a). 85 Intl Harv (2.50a) 6% Intl Hydro-Elec A. 5 Int Mer Marine __ 8% Int] Mining (.45g)-. 7t Intl Nickel (1.508) _ 127% Intl Nickel pf (1) .. 13% Intl Paper & Power- 54 Intl Paper&Pwr pf.. 43 Int Ry Cent Am pf_ 40 Intl Shoe (2) 281 Intl Silver _ 80 Intl Siiver pf (8k) 7 Intl Tel & Tel - 15 Interst Dep S 2%&- 24Y% Island Crk Coal (2) 57% Jewel Tea (4) ... 90% Johns-Manv (3a) - 101 Jones&Lau pf 5.25k 24 Kalam Stove (1a) .. Kansas City Sou Kansas City Sou pf. !7!6 Kayser (J) .1.50g 85 Keith-A-O pf 5.25k 11 Kelsey-Hayes A 84 Kel-Hayes Wh B 40 Kennecott (28) 125 11% Keystone S&W (1)_x 28% Kimb-Clark (1a) 18 Kinney prpf 6% Kresge Dep Stores. 19% Kresge (S 8) .908.. » =5 o ~ B S et Y P NN NN D BN DB ARL SN DB =N NN~ ANDAR S A BBNAREN o w o 9 - S5 Tt LY © - 2 331 10s 100% 1 4 20 14% 11 3% .3 141 33 89 18 % 14 6% 82 3 1 408 2 14 mno Bllh ln'. cleu ahu 8%-% 61 1% - % 59% — % 90 -2y 100 -1 22% -1% 104 — 1 17% 18 + y 85 124 — 4 9 e 41% —1% 1% + 4% 291 184 ki 19% - % 2:30 p.m. Prev 1037 Stock and High. Low. Dividend Rate, 28% Kress (S H) (1.60) - 1 17% Kroger Groc (1.60). 7 9% Laclede Gas. 208 18% Laclede Gas pt.. 408 lfih Lambert (2) ans Bryant(}4g).. 15 Loee Rub & T 1.60g _ 20 Lehigh Port-C (1%) 1% Lehigh Valley Coal 6 Lehigh Val Coal pt. 814 Lehigh Valley R R 28% Lehman Corp (1) 124 Lehn & Fink (1%) 3114 Lerner Stores (2a)_ 52% Lib-Ow-Glass (3g). 9% Libby McN&L 1.40h 88 Liggett& M B (4a). 34% Lima Loco (1g) . 48 Link Belt (2) & 19% Liquid Carb (1.60a) s 6415 Loew's Inc (Rg)._. 110 lOl'a Loew's pf (6%) Loft o = Lone Star Cem (3)_. Long-BellA Loose-Wil Bis (2) . Lorillard (P) (1.20) Louisv & Nash(5g). Ludlum Steel (1) __. McCall Corp (1.50) . McCrory Strs - % Mclntyre Porc (2) McKeesport T (2).. McKesson & Rob McKess & R pf (3). McLellan Strs .95g x 4« Mack Trucks (1) Macy (R H) (2a) Magma Cop (1%g) . Manati Sug pf (r).. 2 Mandel Bros (1g) . Man Ry mod gtd(r) Man Ry gtd (r) Manhat Shirt (1) Maracaipo O1l _. Marine Midl (.40a)_ Market St Ry pr pf_ Marshal Field 2 Martin (Glen)._ Martin-Parry sonite (18) Math Alkal) (1%) _ May Dept Strs (3a) Maytag Mayt Mead Melville Shoe (5) Menger Mengel 5% pr(214) ach(3.758) - Miami Copper Mid-Cont Pet (}%4g) Midland Stl 1 pf(8). Minn-Hon Reg (3). Minn-Mol Imp Minn-Mol Imp pf Bales— o o S o - BumTanimbavnicons ssavaan-Einvanomniivanana Mo Pacific (r) Mo Pacific pf (r) Mohawk Crp(1.20a) Monsanto Ch 1% Montgom Ward(: Morris & Esx (3%) Mother Lode ¥ Motor Prod (2.50g)_ Motor Wheel (1.60) Mueller Brass (1a). Mullins Mfg (B) Murphy (G C) 3.60. Murray Corp .- Nash-Kelv (1) _ Nash Chat & StL atl Acme (4%g) atl Aviation __. Natl Biscuit (160)_ Natl Cash Reg(1g) - Natl Dairy P (1 atl Dept Strs 2 Natl Dept Strs pf__. Natl Distill (2) Natl Gypsum .. Natl Lead (%) Natl Lead pf B (6) Natl Mal'able 1.50g Natl Pw & Lt (.60)_ Natl Steel (2.508) Natl Supply Natl Tea ( 30g) Nelsner Bros pf 4% Newberry JJ (2.40) Newberry 5% pf(5) Newp't Indust (2g) N Y Alr Br (1%8) . N Y Central N Y Chi & St Louis NY Chi&StLopf - Y City Om 2.405._ N Y Dock N Y Dock pf NY NY 109 100 184 441y Y N H&H (r) ¥ N H& Hpf (r) N Y Ont & West (r) N Y Shipblds Norfolk Sou (r) North Am Aviat___. North Am Co pf(3) North Am Ed pt(6) Northern Pacific . Northwest Tel (3). Norwalk T& R . Norw Tire pf 3%k .. Ohio O] (3%8) e % Oliver Farm Omnibus Oppenheim Col %g. Otis Elevator .80g . Otis Steel Outboard M (2.50g) Owens-111Gl 1%g Pac Am Fish (1.20) Pac Coast - Pac Coast 2d pf . Pac Finance (1.80) . Pac Gas & El (2) __ Pac Lighting (3a) . Pacific Mills(132g). Pac Tel & Tel (8) _ Pac Tel&Tel pf () Pac West Ofl (.65¢) Packard Mot(.258) - Parafline (3g) Paramount Plet Paramount 1 pf (6) Paramount 2 pf(.60 Park Utah Parke Davis 1. !034. Parmelee Trans. 4 Pathe Film Patino Mines ..... Peerless (.30g) ___. Penick & Ford 1%g. Penney (JC) (3g) .- Penn Coal & Coke _ Penn-Dixie Cement. Penn-Dixfepf A _. Penn G] S'd ct .50g Penn RR (%;8) - 4 Peoples Gas Lt & C.. Peoria & Eastern. 2 Pere Marquette __.. 1 Petro Corp (.90g) .- 3 Pfelffer Brew .90g). Phelps Dodee 1% g - Phila Rap Tr pf () Philip Morris (3) .. Phillips Pet (2a) Pierce Oit pt — Pills Flour (1.60) ... Pitts Coal - 4 Pitts Coke & Iron _. Pitts Screw (.45g) - 4 Pitts Steel s s Pitts Steel pf 2 Pitts Term Coal pf_ Piits United ______ Pittston Co Plymonth Oil 1.05g- % Poor & Co B Porto Ric-Am T A_. Porto R Am Tob B Postal T & C pf (r). Press Stl Car .258 .- Press St1C 2 pf 235 Procter & Gam (2a) 4 Procter & G pf (5) . 5% Pub Sve N J (2.60) . 112% 99'2 PubS N J $5 pf (5). 12815 1121 Pub Sve N J pf (6) 140% 120 PubS N J 7% pf(7) 1625 132 Pub Sve N J pf (8)_ T2% 34% Pullman (1%) 24% 13% Pure Oil pe— 112% 107% Pure Oil pf (8). 23% 9% Purity Bak (.45g 12% 7% Radio Corp 80 62 Radiocvpf (3%) 10% 5% Radio-Keith-O (r). 37% 27% Raybest-Man(1%g) 30 11 Reis&Colstpf __. 22% 12 Reliable Strs (1) ... 35 12% Reliance Mf (.60a)- 29% 16% Rem Rand (1.05g)_ 94% 77% Rem R pf ww (414) 93 34 Reo Motor 47% 20'% Republic Steel - 49% 17% Revere Copper & B 29% 18% 10% 19% 29% 1T% 10 19% 16 8 16% 20% 1% 6% 8% 29% 13% 32% 54 954 4 117% 37 991 112 121% 140 34y 14% 111% 9% 8% 63 5% 28 1 12% 12% — 164 72% Net Add 00. High, Low. Close. chge. - A -% + % -2% = + W - - % -2 - k) 6% =% 20% . 20% - % 18% 188 —1% | 30 RS Tear !nlu— Add 00. High, --x 808 74 17% 21 Prev 1937 High. Low. 95% 30% 58 ,38 46 103 113 65 4% 11% 2714 Stock and Dividend Rate. 74% Revere Cop pf 6% 17% Reynolds Met (1) 46% Reynolds Tob B 21 Ruberoid (.60) 26% Safeway Strs (2).. 95 Safeway Strs pf(5) 97 Safeway 6% pf (6). 38 St Joseph Lead(2a) 1% St L-San Fran (r) . 313 St L-San Frn of (r) 141 Savage Arms(.75g). 337 Schenley Distill(3). 86, Schenley pf (53%4) 1 Schulte Ret (r) 37% Scott Paper (1.058). 1 Seaboard AirL (r)_ 3 Seaboard A L pf (r) 26'% Seaboard O11 (1).. 513 Seagrave Corp 70 Sears Roeb (3)..... 19'% Servel Corp (1a) ... 22 Sharon Steel (1.20). 78'% Sharon Stl pf (5)._. 6'% Sharp & Dohme _ 50 Sharp& Do pf3%._. 9% Shattuck FG (.60).. 18 Shell Unton (%g).. 99 Shell Un pf (5%) ... 9% Silver King (.90g) 27% Simmons Co 1.75g 3 Simms Petroleum .. 24 Simonds Saw (.50g) 34% Skelly Oil (1g) 85Y% Sloss-Sheffield S& 1 96 Sloss-Sheffield pf(6; 19 Smith (A 0) .o 19% Smith & Cor (1%g). 15% Snider Pack (1%8 16% Socony Vac .508) _. 21 Sou Am G&P (.10g) 2614 South P.R.Sug (2a). 20's Sou Cal Edis (1%a) 27'; Sou Pacific _ 161. Southern Ry Spalding 1st pt____ 4% Sparks With 's Spear & Co Sperry (flrp « Gflg) smn el pf (414) Square D Co (.95g) Stand Brands (.80) Stand Gas & El (r). 10'; Stand G & E pf (r)._ 3414 Stand Of) Calif (1a) 36€% Stand Oil Ind (1a)_. 30% Std Oil Kansas _ 52 Stand OilNJ (1a)_. 60 Sterling Prod(3.80) 12 Stewart-Warn(%a) 13 Stone & Web __ 815 Studebaker . _ 12% Sunshine Mng ). 80 Superheater (1.75g) Superfor Oil Superior Steel 23'% Sutherl’d Pap 1.60a. 19« Swift & Co (1.20) 26% Swift Intl (2) 9% Symington ww 60g. % Symington xw 60g_ 8 Talcott Inc (.60a) 513 Telautograph (.60). & Tenn Corp (%g) 44% Texas Corp (2) 4'¢ Texas Gulf Pred 31 Tex Gulf Sul (2a)__ 28'4 Tex & Pac Ry = 9% Tex Pac C&O (.40)_ » Tex Pac Land Tr._. 24 Thatcher (.758) & The Fair _ 4'; Thermoid 1% Third Ave 612 Thompson (JR) (%) 19 Thomp Prod 1.40g . 3 Thompson-Star . 12 Thompson Starr pf 5% Tide-Water As(1a) 15% Timk-Det Ax .50g _ 49 Timken Roll B(3a) 13% Transamerica Corp 8 Trans & West Afr 9% Transue & W (.30g) 474 Tri-Cont Corp ( %g) 95% Tri-Cont pf (6) __. 8 Truax-Traer (.80) 26'4 20th Cent-F 1.50g_ 6 TwinCity RT 10% Twin Coach (.30g) 2 Ulen & Co 65 Und'w'd-El-] FE"5B s Un Bag & Pap new s Unlon Carbide 3.20g Un Oil of Cal (.858) 100 Un Pacific (6) 7s Un Tank Car (1.60) rapmmanmBSeanRannaanarsen e SRan Unit Biscuit (1.60) United Carbon (4a) Unit-Carr Fast (2). 's Unit Corp 321, Unit Corp pf (3) 8t Unit Drug (%g) % Unit Elec Coal ___ Unit Eng&Fy 1.50g 64 Unit Frult (3) 11 UnitGasImp (1) __ 6 Unit Paperbd (.30g) 915 U S Distribpf . 9 US & Foreign Sec . 10 U S Freight (1%e) 70 USGypsum (2) . 56 S Gypsum pf(7) 43 U S Hoft M pf (2 23 U S Indus Alco_ 6 US Leather 10% U S Leather A. 33 U S Pipe (3) 6% U S Realty & Imp 34% U S Rupber 66 U S Rubber 1st pf 70 USSm & Ref (82) ., 66 U SSmeltpf (3%). 1263 70% U S Steel = 150 117': U S Steel of (7) _ 9% 4% Unit Stockyds (%) 2% Unit Stores A 15 TH% Univ-Cyeclops St(1) 59 Univ Leaf Tob (3a) 30 Univ Pictures lst pt 1% Ut P& Lt A (r) 1 Vadsco 20% Vanadium Steel _ 24'3 Van Raalte (214g) - 38 Vick Chemical (2a) 4% Va-CaroChem . 7 32 Va-Caro 6 pf(1%k) 1 105 Va El1& Pwrpf(6) 3908 4% VaIr Coal & Coke 108 12 ValronCoal&Copt 1 65 Vulcan Detin (3g) 27 Wabash Ry (r) ._. 4% Wabash pf A (r) 9 ' Waldorf Sys(.80g) - Walgreen (2) 77 Walker H G&W (2)_ 84 Walworth 313 Ward Baking B 9's Warner Bros Pict. 3% Wairen Bros (r) 28 , Warren Fdy &P(2a) 19% Waukesha Mot (1a) 32!, Wayne Pump (2a) 2815 Wesson O & S (%a) 81 West Penn EIDf(6) 20s 941 9015 W Pen E17% pf (1) 140s 100% 12315118 W Penn P 7%pf(7) 508 120 30 23 West Auto Sup 1.60 10227 11% 5% Western Maryland. 2 5% 11'/. 31y Western Pacpf . 1 313 29 West UnTel2.258 . 8 33 % Westinghse Air (1) 15 27y IG'I‘. 105's Westhse EI&M(3g) . 37 113 39 35% Weston Elec A (2)_ 508 37 16 Westvaco Chl (1).. 16% 327% Wheeling Stl 364 14% White Motor i 12 White Rk M Sp 1.40. 2t White Sew Mach_.. 20 White Sew M pt 4% Willys Overland 6% Wilson & Co (%) _. 40'% Woolworth (2.40) 23% Worthington Pump 71 Worthington pf A __ 70 Wor P&M pf A stp. 59% Wright Aero 375 13% Yellow Truck 142 108 Yellow Trk pf (7) .. 101% 46 Ygstwn Sh&T 2.508 53 49% 43% 30 Zenith Radio (28)-- 16 30% 9% 33 Zonite Prod - 3 4 508 300 108 25 108 Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 A.M._ 260,000 12:00 Noon. 1:00 P.M. 540,000 2:00 P.M. -Aczuu sales* unit of trading 10 shares. n bankruptcy or receivership or beln.i ml'nnlled bnnkrunu:y sct or securities ass:med mpan| Fates of dividends in the foregoing uble are ahmial bursements based on the last quarterly or sem tlon, - Dnless Otherwise noted SHecinl or extr included T Ex dividend last vear | {Pa mek. kAl:tumullud dividend pald NEW YORK SUGAR. NEW YORK. October 8 (P.—In quiet trading sugar futures were steadier today, due primarily t5 covering and trade buy- ing promoted by fears of possible interrup- tion to Fay' Ei xtern nh(pment Marc 50) ‘Trom Lz 1.13% ‘an ferber fhom 148 b 1 1 point ur. m. vunced ; to 2 PHIRADELPHIA PRODUCE. Oc JRziAD Ril ite, 251“’ 2, points, lnd Septs he mnrket W ction o! the best. 1A, 1 l m 26; w"h Wd o ?unorns Springers. faney, 21-2° Dressed poultry. cheese unchanged. Eggs. nd. Whea! T dnllver!. l 02Y%. chaj ber 8 (). EDiing’ chickeds mi-annusi declara- dividends are not Xtra or extras. e Pald SR Al s s it new hatched hmllerl, 26; 1,817 cases; about steads: 2 red Winter. garlicky. Oc- Butter unchanged. } 35,7 & {"9 06-8587 “%opper mining in Chile is increastng. STOCKS GO DOWN IN LATE SELLING Leadmg Issues Off Fractions to Three Points or More. Rails Prominent. :nu +m Stock Averages ndm Rall! um stoeks Net change + 1 +3 Today, noon 76.9 27 2 35 1 54.1 Prev. day__. 765 27.1 36.0 538 Month ago. 823 293 38.1 578 Year .- 94.1 421 527 707 1937 495 54.0 753 1937 270 354 529 1936 435 53.7 7238 1936 734 302 434 55.7 1932 175 87 239 169 1929 .“6‘1153918431.)77 1927 low... 516 953 618 61.8 748 99.3 (Comptled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financia: Writer NEW YORK, October 8 —A late selling wave hit the stock market today and leading issues piloted by rails were shaken down for ae: losses running to 3 or more points. The ticker tape speeded up as offer- ings came in blocks of 1,000 to 4,009 shares and for a while was hehind actual floor dealings./ A little support arrived before the close and extrem:> declines were reduced in many case Contributing to the relapse was a sharp break in cotton futures foll ing the Government's forecast of the largest crop since 1926 and the secon greatest on record. Other commod: ties skidded and bonds dipped. The stock list opened slightly lower, but soon moved up under leadcrship of steels, motors, aircrafts ana spe- cialties. Apathy of the rally, however, soon inspired cashing in of profits and bellwethers of the morning led the final threat. Transfers were, | shares. Although less talk was heard of “war babies,” some stocks in this category attracted followers for a time. Trading forces appeared a bit confused regarding possible reperc sions from America’s stand on gressor” nations, including the de nunciation of Japan on the Chin conflict. Pending the President’s conference with his cabinet on foreign affairs and the advisability of a special session of Congress—the latter was stresed by the cotton report—many comm sion house custom were said to have adjourned to the sidelines. Prominent on the belated slide were United States Steel, Youngstowy Sheet & Tube, Wheeling Steel, Na- | tional Steel, Generals Motors, Ch: sier, United State Rubber, Goodrich, Montgomery Ward, Sears-Roebuck. Macy, J. I. Case, Deere, International Harvester, Oliver Farm, Anaconda, Kennecott, Cerro de Pasco, American Smelting, International Nickel, West- | inghouse, Du Pont, Standard Oil of New Jersey, Texas Corp., Howe Sound, Santa Fe, New York Central, South- ern Pacific, Southern Railway, Great Northern, Union Pacific, Pullman, At- lantic Coast Line, Eastman Kodak, J C. Penney, Western Union, Union Carbide and Minneapolis-Honewell. Resistant were Bethlehem, Boeing, Crown Cork and Curtiss-Wright. NEW YORK COTTON By the Associaic Press NEW YORK, October 8—A cotton crop 1ndication of 1§573,000 bales bv the Government Reporting Board to- day, representing the second largest {crop on record and an increase of ¢ 1.475,000 bales over the September es . | timate, atracted heavy selling in fue tures. = Prices lost as much as $2 a bale to the lowest level in four years under foreign and commission house offere ings. A wider break was checked by active scale-down buying orders that were uncovered on the decline to with in 2 points of the 7!;-cent level for | January contracts December sold off from 7.99 to 7.60 and was within 2 points-of the low at midday, when the list was 34 to 38 | points net lower. Fluctuations during the afternoon | were limited to a very narrow range, and although selling pressure tapered off the market displayed rallying power. At the start of the final hour De- cember was selling at 7.61, or within a point of the low, and the list was 36 to 40 points net lower. Trading was quiet pending develop- ments at Washington, where the Presi- dent and Secretary of Agriculture Wallace were reported to be conferring on the cotton situation Futures closed steads around 1,150,000 28 1o 38 lower Low. Clo October TR0 I December — 5 | January New Orlum Prices. ORLEANS. October & (@) neint coop Osrediction of 17 bales by the Government d ed cotion prices $1.70 to $2.15 a hnl{‘ here toda: t NEW bumper r contracts 7. January, aii* October for the past four vears and points under vesterdav's close. Prices continued to retreat slowly the demand prevented the market making a full response to the higher figures. Exports today 24 bales; the week. i were 21,7 for bales. Liverpool Quotations. LIVERPOOL. October 8 (#).—Cotton 18.000 bales. including 16.600 America: demand in spots: prices % po . Quokations in pence: Amerira strict good middling, 5.60: good middling middling. 4.7 Tow. middiing, nary. - 3.50; good s closed easy: Octo- 19: January, 4.41. i May, 4'0 July, 4.54. strict 4.00: ommur 4. 3 Niarch. 4 strict CANADIAN HARVESTING IS NEAR COMPLETION Special Dispatch to The Star. NEW YORK, October 8.—Harvest- ing operations are virtually com- pleted in Manitoba and Saskatchewan, and are generally well advanced in Alberta, although rain has caused delays, particularly in the northeast- ern and central districts, according to the current crop report of the Bank of Montreal. Average wheat yields on the basis of the acreage sown have been esti- mated as follows: Manitoba, 18.6 bushels; Saskatchewan, 2.7 bushels, and Alberta, 9.2 bushels. A large percentage of the wheat is grading No. 3 or better. METAL MARKET. NEW YORK October 8 (. —Copp steady: electrolytic spot and futiire. 15 00: £xport, 11.05: tin, steady; spot and ne by 5.12" Lead. stead: East St Louls, i S Dhumln lolll 'a Changed. under 1 dis- un-