Evening Star Newspaper, October 8, 1937, Page 15

FINANCIAL. CURB LIST DRIFTS FRACTIONS LOWER + Volume Inclined to Dry Up After Wide Changes Earlier in Day. By the Associated Press NEW YORK, October 8 —The curb market tended to drift fractionally lower as trading went into the final hour today. After fairly wide gyra- tions earlier in the day volume in- clined to dry up and price shifts were DArTOW. Some highr-priced specialties swung widely in both directions on a few trades. Aluminum Co., after a brief rally around the noon hour, dropped around 6 points. On the other hand, Pittsburgh Plate Glass climbed about 21y points. Many usually active issues held About even or were not traded at all. Oils and utilities were quiet for the most part Gaining fractions were North European Oil, American Cyana- mid “B” Great Atlantic & Pacific Tea Co. and International Petroleum. St. Regis Paper, Sherwin-Williams, United Wall Paper, Gulf Oil, Lake Shore Mines, American Gas & Elec- tric, Creole Petroleum and McWil- liams Dredgmg slipped back a little. General Baking Reports Lower Net In Third Quarlcf By the Associated Press. NEW YORK, October 8.—General Baking Co. reported today net earn- ings of $695,960 for the 13 weeks ended September 2, against $785.987 for the corresponding period last year. This was equal to 32 cents a share of common stock, compared with 38 cents a share for the 1936 period. — e NEW PLANT TO BE BUILT NEW YORK, October 8 (Special).— National Cylinder Gas Co., manufac- turers of oxy and acetylene, has awarded to the Campbell-Lowrie-Lau- termilch Corp. of Chicago, a contract for the erection of an oxygen plant building at Ivorydale, a suburb of Cincinnati. NEW YORK BAR SILVER. NEW YORK. October 8 (P —Bar | #llver steady and unchanged at 443;. Stock and Acme W vtc (2g) Aero Sup Mfg B_ Agfa Ansco ... Ainsworth(.75g). Air Devices __ Ala Pow pf (6) .. Ala Pow pf (7). Alum Co Am .. Alum Co pf (6) _ 1008 Alum Ltd pf (6) . Alum Ltd Am Alrlines _ Am Cap pf 2.25k .. Am Centrifugal . Am Box Bd 1.20g_ A CP&L B(.30g) Am Cyan B (.60). Am Equit (.10g) - Am & Fgn P war. AmFk & H (1a). Am G & E1(1.40). Am Gen - Am Gen pf (215)_ Am Gen §$2 pf(2) Am Laun M .Soa_ Am Maracaibo Am Mete 258 6 1 3 1 408 108 > - = 19 30 1 RO B 1008 1508 AmSup Ppf Am Thrd pf (% | Apex Elee (.30 Appal El P pf (7) | Arctur Rad Tube Ark Nat G Ark NatGas A __. Ark Nat Gas pf__ Art Met Wks(.80) Ashld O&R(.40) ASG&EIA . | AsG & Elpf | Asso Laun of Am At (st Fish(.35g) Atl Coast L 2.250 Atlas Corp war _ Austin Silver M_ Automat Prod _ Axton Fis A Paboock & Wil(4) Baldwin Lo war Baldwin Rub .50a Bardstown Dis Barfum Sta Stl.. Bellanca Afre _. Bath | W(6%f) Rell Alre Bell Tel Can (8)_ Bell T Pa pt(61%) Berk&Gay Furn_ Berk&G I Birdshoros: Bliss B W Blue Ridze (.15g) Bohack (HC)1 pt. Bourjols Bow Bilt H2 pt_ Breeze Corp__ Brewster Aero Bridgpt)Mch BrillA__ Brill B Brown Co pf Bro'n F&W 1.05g Brill pt Brillo Mfg (.80)_ Brown F Dist Buckeve PL(3g) BN&EPDf 1.60 Bnk HI& S(135)_ Burco cv pf (3) | Cab El Prvte. Cab & Wire A Cab & Wire B__ Can Mare Wire _ Cartb Syn (.50h) . Caro PRLt pf(6). Caro P&LL pf(7). Carnegie Met____ Carrier Corp Carter (JW) .60g Casco Pr (2%g) - | Catalin Am_ Celluloid - Celluloid pf _ _ Celluloid 1st(4k) £0) Can Me Pw pf Tk Cent Oh St ( Cen & Sw Ut Cen St El Chief Cons Childs pt Cities Service Cit Serv pf. City Auto St .45g. Claude Neon Lt_ Cleve Tract Club Al Uten____ Colon Develop._. Col Fuel&] war__ | ColtsPatF(1%g) Fromre PO@ RO R IR OOt 09 03 3 o o S “v(‘olumO&G a8t oR1 u 102 Souw Pb sve 6s 100 &td G&E 65 Std Gas & EL ¢ Inc . i 102 458 10 York Ry €0 5¢87 FOREIGN Ger Con Mun bs 47 Ger Con Mun Mendoz P 4s —Without war- -Stamped. 3 by maturity, s reported in receivership. CHICAGO LIVE STOCK. CHICAGO, October & (2 (United States Department of Agriculture). —Hogs. 3.000. including 1,000 direct: market stea 10 higher than Thursday's average 11.25: bulk. good and _choice. 190-2 pounds, 11.00-20: 150-180 11.15: 240-300 pounds, 10.35-11.10: Mo; g00d 'packing sows. .40 upward to 10.00 paid for lighiweights. Cattle. 1.500: calve slaughter best_ ateers e: me firm: 1.24 classes generally steady tremely scarce but unde pound average. 5; common and me- she ‘stock generally ) top. 7 “5.50-6.8 wel ihiy kinds upward from 7.00: buil and vealers steady: most sausage hvlls 825 down, but up to 6.50 paid: vealers. 11.50 down' stockers and feeders firm Sheen. 7.000, including fat lambs active, strong to o choice natives. 10.25. 10.60: five doubles choice Utah: gheep steady; native _ew: feeders weak 'plain to good, offerings, 7.00-9 FOREIGN MARKETS. LONDON, October & (#).—Stock prices were mixed at the close of today’s session, with trans-Atlantic issues in supply, al- hough ~ this section steadied in ' late alings. Oil and mining shares sold lower, due ‘to continental Nquidation, ‘and Ger- man Tails mm-d division held steady PARIS.—Rentes finished_with net gains of 30 to 60 centimes and Bank of France moved up 165 francs. International stocks were mixed, Royal Dutch declining 50 francs and Suez Canal 210. The indus- trial section was firm. MONEY MARKET. YORK. October 8 (F.—Call y steady: 1 per cent all dav: prime ager. 1 ger cent: Jms loans 0 di ! T~ Burkers' acceptances un- ount _rate, New York Re- Comwlth Edis 1 Comlth & So war Com P&L 1pf __ Comm PSS (1a) ._ Compo Sh M (1) | Consol Biscuit__. | Cons Cop sin | Con G&E B(3.60) Cons Gas Utll. Cons Ret Strs Cons Steel Corp Cont Of] Mex Cook Paint pf(4). Cooper-Bess Cook P&V (.60a)_ Cord Corp sden Petro _ Creole Pet (.50g). Crocker Wh — Croft Brewing _. Cron Ck IntA(1). Crown Drug . Cusi Mex _ Darny Pet (35) .. Dayton Rub _ Dayton Rub A 4k Dennison Mf 1 pt Derby Oil Det Gasket (1) . Det Gray Ir (.04) Det Pap Pd (%) . Det St Prod 1.50g Diveo Tw C(.40) Dobeckmun 1.40. Dom St & Coal .. Driver-Harr 115 Dubilier (.158) ._ Douglas Shoe pf. Duro Test (.40a)- Eagle P Ld .30g_. FastGas&F____ E G&F 6% pt(3) E G&Fpr pf(4%) st Sta Corp WM(B).T5g ler E1 (3%1) El Bord & Sh El BA&Sh pf(6)_. El1P &L war Elect Share El Shov Coal pf_. Electrol vte Emp G&F 6% pt. Equity Corp .___ Evans Wallo Bx-Cell-O (.608)- Fairchild Av - Ferro En 1.50g. Fidelio Brew Fst Na St 1 p£(7) Fisk Rub FlaP&Lt$7pt 508 FordMCanA (1) 8 Ford M Can B (1) 1508 Fd M Ltd(.213g) Froedtert (1.358)- Gen Alloys - Gen Firepr .85g_. Gen Invest - Gen Tele (1a) ... Glen Alden .25g . Godchaux Sug B. Goldfield Con . Gorham vte 2.25g Grand Nat Films Gray Tel PS8 (1). Gt A&P nv (6a) Gt Nor Pap(1a).. Green T & D Groc St rts Oc 15. Gulf Oil (.758) Harvard Brew .. Hn D Strs(1.65g) Hecla Min (.708) Horn&Hard(2) .. Hud BM&S( % &) Humble Oil 1%g- 111 lowa Pow 111 lowa Pow pf.. I la Pdivet 2 Il Zine (.75g) . 100s Imp Oil Can.50a. 3 InsCN Am(2a) 2008 Int Hyd-El war .. Int Hyd-Elec pf.. Intl Pa&Pw war. Intl Pet (1%a).. Inter Prod Inter Rad (.85x)_ Intl Vitam (.50) .. Inters Hos(234) Mnters Pw Del pf 308 {Inv Royalty .06a 10 10s 5 TN 0 @ S H Irv Alr Ch (1) ol 103% 112 15% 1165 1'% W LY "y % \[r Fire vte (1.20) 100. 1 381 (By private wire direct to The Star.) los— Dividend Rate. Afld 00. High. Low. 2:85. 381y 3% 22 104 1% 59 68 7508109 104 104 1114 1114 166 116 1w [ EEY LY 12 20 4% 2 508 1204 120% 120% 85 85 85 .| Saf CH&Lt 6L g | St Regis Pap 315 27% LI ] 113% 118% T 314 187 19% 6 2% T 1% 19 1913 6 95 2% ,4 h THE EVENING STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 8, 1937. NEW YORK CURB MARKET Stock and Bales— Dividend Rate. Add 00. Hllh lnw. 2:58. Jacobs Co (3%E)- 1 Jones& LauBtl.. ¢ 49" 09 Kenpedy's(.60g). 1 8% Ken Rad T(%g)- 508 17 17 KgsCLtd pfB(7). 100s 50 49% Kingston Pr(.40) 38 Kirby Pet 4% Knott Corp .30g. Lake Sh M (4a) Lakey F&M .15g Lefcourt Real __ Lefcourt Real pf. Lehigh C&N(.30) Leonard Of1 ____. Lime Materfal .__ Lion Ofl (1a) Locka St1 C 115 Lockneed Afre . Lone St G(.40g) - Long Is Lt ee Long Is L pf(7) . Long I L. pf B(8) Loudon Pack ___ Louts L&E(.40) . MeWill's D 1.25g Maj Rad& T Mangel Strs _ . __ Manzel St pf (5)_ Mapes Cons (2a). Margay Oil (1) Marion St Shov__ Massey Harris Master Elec 1.60_ 1005 Mead John (3a) . 100s Memph N G .30 Mer & Mf A(.60)_ Merritt-C&S .. Mer-C& S pf A Mich Rumper._ Mich G & O Mich Steel T(1g) Michigan Sug . Mic St Pet A vte_ Mid St Pet B vte. Midwest Oil .50g. Minn M&M 1.50g_ Molybdenum . Mnerm Pictures_ Moore (T) Dist _ Mount City Cop - Mount Prod ( 60) Murray Mfg .90g. Nat AuFvte 1%g. Nat Hellas H Natl City L .50g Nat Contain .Tog. Nat Fuel G (1) _.. Nat Mfg & Str Nat Rub Mch ___ Nat Sug Ref (2)_ Nat Trans (.45g). Natl Tunnel & M. Neptune Met A NEng P Apfi6). N H Clock (134) - N J Zine (2a) Newmont (2% g). N Y Mer (.80a)_. 1008 508 2 2 3 6 1 20s 1 1 4 2 Niles-B-P (1%g) Noma El (.40g) - Nor Am L(&Pn', No Am Ray B 2g_ X A R prpf (3) Nor W Eng (1g) _. Ohio Br (B)21,8. Ohio Pow pf (6) _ 1082, Ohio Pub S pf(6) . 210115 10115 Pacific Can (.50g) Pac Gas & Elee el Pac Gas 15t 1.50 . Pac Pub Service. PacPS1pf130 Pac Tin spl (2a)_ Pantepec Ofl __ 2 Parker Pen (2) _ 100s ParkbgR&R R0g. 6 Pender Gro (R) .. & Penn Mex (.50e) 1 Pennroad (1,e) . 56 PaP & Ltpf (). 30s Pa P&Lt pf (7). 250s Pa Salt (3%g) Pepperell (6a) Pharis T & R PhoenixSec(a) Pioneer G1d(.40). Pitnev-Bow (.40). 1758 | Pitts Forg Pitts&LE(4%g)_ 70 | Pitts Metallu 1a._ Pitts PI G1(51 2) Pleas Val W .15g. Potrero Sugar Powdrell&A 55 Premier G1A 12a Prov Gas (.80) _ 100s PS Ind 26 pf 208 PSTnds$Tprpt . 50 Ry & Lt Sec 30g Raym Cone (1a) Ravtheon Mrg Red Bank Of1 N 508 - 1 - 20 | Revbarn Inc.10g 1 3 Reynolds [nv_ 3 Rome Cable 3 Root Pet (14 1 Roval Typ 4 508 Russeks F A (%) 2 Rustless 1 &S __ Ryan Cons 3 50n = L St Regis Pap pf_. 258 Schiff Co (2) ._ 2 Segal Lock Seiberling Rub _ Select Tndustries Selec Indalet 513 Sel Ind prpf 514 Seton Leather _ Seversky Afre __ Shattuck Denn__. Shaw W&P(.80)_ Sherwin-Wms 4a Silex (.25g) Simmons H&P _. Simplic Pat.50g_. Sonotone (10g) . Soss Mfg (%) o So Coast (.30g) __ So Penn Oi1 1%a S Cal Ed pf 1.50a. SCEdBpf1% _ SCEdACpf1% _ Southl'd Roy .40_ Stand Brew Stand O Neb .25, St Ol Ky (1a) St Ofl Ohio (1) ... St Pow & Lt St Pow & L B Stand Prod (1)__ St Sil-L (.02g) Std Steel Spring. Starrett Cor vte_. Sterl'g Al pf.75g_ Sterling Br .25g_. Sterl Ine (.20a).. Sterchi Br Str Stroock & Co 2 Sunray Oil 15g _ Sunr O cv of 2% _ Super'r P Cem B Swiss-Am El pf_. Taggart - Tastyeast A Technicolor 50g- ‘Texon Ofl (.60) __ Thew Shovel Tilo Roof (1) __ ‘Tob Sec Lt .199g Todd Ship (2) _ Trans-Lux (.20)_ Transwest Ofl_ Tri-Cont war _ Tubize Chatillon- Tubize Ch(A) 4g_ Tung-Sol Lamp . Tung-Sol L pf.80. Union G Can 60 Union Inv (.75) - United Alre wa Unit Corp war.. Unit Gas Unit Gas war Unit Gas pf (7). Unit Lt & Pow A. UnitLt& PwB . Unit Lt & P cv of Unit NJRR&C 10 Unit Shipyds A Unit Shoe M 2%a Unit Spec (1.40) _ U S Foil (B) .50g. US&IntSee US&ISpf3gk. U 8 Lines pt 2 1y U S Play Card 1a 100s 22% U S Rub Recl __ 1 3y United Strsvte.. 1 & Unit Ver Ext 1g.. 1 2% Unit Wall P 15g. 3 2% Ut 1daho S .15g _ 3 2u Util Pw & Lt (r) 3 L Ut P& L pf (r) 2508 14 Utility & Ind pf. 7 2w Valspar pf vte ‘Van Nor M T 1, ‘Venes Mex Ofl 2614 261 108 244 244 244 Z 3y 3‘& 34 600: 75 ! EK 10 1 1 64u COTTON ESTIMATES BOOSTED SHARPL Indicated Yield by States Revealed by Agriculture Department. By the Associated Press. The Agriculture Department fore- cast this year's cotton crop today at 17,573,000 bales of 500 pounds each, based on October 1 conditions. The Census Bureau announced 8,259,445 bales of this year's crop had been ginned prior to October 1, com- pared with 6,031,950 to that date last year and 4,232,068 for 1935. A month ago the Agriculture De- partment reported 16,098,000 bales were indicated from conditions existing Sep- tember 1. Last year 12,399,000 bales were produced. Other big-crop years were: 17,978,000 in 1926 (the second crop); 17,096,000 in 1931, 16,112,000 in 1914 and 16,105,000 in 1925. Average production for the five years 1928-32 was 14,667,000 bales. Today's forecast was based on 33,- 736,000 acres in cultivation and a condition of 79 per cent of a normal on October 1, indicating a yield of 249.3 pounds of lint to the acre. A month ago the condition was 75 and indicated yield 228.5 pounds to the acre (larger than any previous year). Last year's October 1 condition was 62 and yield per acre 197.6 pounds, while the October 1 average condition for the 10 years, 1923-22, was 56, and the average yield 169.9 pounds. The condition of the crop on October 1 and indicated production, by States, follow Virginia, condition 76 per cent of a normal and indicated production 40, 000 bales; North Carolina, 74 per cent: and 695,000; South Carolina, 67 and 875,000; Georgia, 75 and 1,430,000; Florida, 75 and 40,000; Missouri, 77 and 370,000; Tennessee, 80 and 580, 000; Alabama, 82 and 1,425,000; Mis- sissippi, 86 and 2,400,000; Louisiana, 86 and 1,000,000; Texas, 79 and 5,- 025,000; Oklahoma, 64 and 858,000; Arkansas, 81 and 1,750,000; New Mex- ico, 94 and 130,000; Arizona, 85 and 260,000; California, 89 and 675,000; all other States, 85 and 20,000; Lower California, Old Mexico, 83 and 57,000 (latter not included in California fig- ures, nor in United States total.) e 75 TONS OF LEAD SOLD. NEW YORK, October 8 (&) —St. Joseph Lead Co. reports 75 tons of Pig lead from Southeast Missouri mines sold yesterday at $5.85 per 100 pounds, St. Louis. INVESTING COMPANIES NEW YORK. October s (P —New York Security Denlers’ Association: (Noon quotations.) Admin Fd 2nd Inc Am Busines; hrs Diversified Tr g\mrnd Shrs Group Group € Group Sec Building Group ‘Sec Chemical Group Sec Food Group Sec Invest Shrs 5 Sec Merchandise _ Sec_ Mining Sec Petroleum _ Sec R R Equip Sec Steel Scc. Topacco ron Holdin p_Investors Instl Sec, Bank Group - Insurance *Inc B FeIeni Kevstone Cu: Major Shrs Corp Maryland Fund Mass Invest Tr jon Wide See ion Wide Voting Nat! Investors New England N Y Bk N ¥ Stocks. Bldz Sy N Y Stocks. Elec Equip N Y Stocks. Insurance N Y Stocks. Machinery N Y Stocks, R R Equip N Y Stocks. Steel = North Am_Bond Tr ctfs - Nor Am Tr_Shares Nor Am Tr Sh | Nor Am Tr Sh 1 Nor Am Tr Sh 1 Plymouth Sclected Income Sh Sovereian Invest Spencer Trask Pund_ Stand Am Tr Stand Uuil, Tng" Super of Am Tr Super of Am Super of Am Super of Am Super of Am T Super of Am Tr Supervised Shrs Trustee Stand Iny C Trustee Stand Inv D, Trus.eed Am Bk B’ Trusteed Industry Shrs Wellington Fund CHICAGO PRODUCE. CHICAGO. October 8 (b —Poultry. live, 1,58r 86 trucks; eaty. ns. 412 1bs. up, i less than 41 lbs. e e i5 prings. 4 Ibs. up and less than £ b, colored. 21: White Rock, 22; Plymonth ock. 23: broilers, colored. 24: Plymouth and Whiie Rock. 26; bareback ehickens. 8. Le 20: “roosters, Leghorn turkeys, hens. 20 toms. oung, No. 2 'turkeys. duicks, 41 Tbs. up: colored. 18; white, all colox-d 16; white, 17, geese, old. on_track. 267; total U. 8. R13: dull. weak undertone: su plies moderate; demand siow. ked, ver cwt., Idaho Russet Burbanks, U 8 No, L. 1.20. 10-15: Colorado Fed Mechures. O, 8 No. 1,150 5; Wash. Ington Russet Burbanks, North Dakota Bliss Triumphs. S. -urly ohias. 0. 1 and partly lrlded §5-105: Nobraska Bliss. Triumphs. No. 1 and partly graded. 1.15; Whu:onsm round whites and cobblers,” U. 1 0; U. 5..commercials. 80 Butter, 11 868: easy. _Prices unchanged, Eggs, 7.167: weak. Prices unchanged. — Stock and Sales— Dividend Rate. Add on mm Low. 2:55. Waco Afre.._ 3% 313 3 Wag Bak'g 1. 20‘_ z 14% 14 Walker Min 2 1% 1% Wentworth 25[ 2 3% West Air Exp __ 1 5% West Tab & S(2) 100s 20 Willms(RC).30g. 5% Willms-O-M .. wg_ Wilson Jon .25g .. Woodley Pet .40... Wright Har .40a. Ygstn Stl D new. Yukon Gold .12g- 16 6% 2 23 10 1% 1% r In bankrupicy OF receivership or being leurllmlld under the Bankruptcy Ast. er securities assumed by such companies Rates of dividends in the foregoing tabl are annual disbursements based on the la duarteris or semi-annus) dec! less otherwise noted. special denag are not included et m-m u uwu wa Changes in U. S. Steel Stock Prices of U, S. Steel Stock 1933-1937 $2.90 per Share in 1936, Stock Sold Between 1599 and 27.54 Times Earnings In 1935 There Was a Deficit of n Was a Dcf‘ icit of 39 IIIIIINIIIIIIIlIIII IIlIl L IIIF lIlI 1933 GENERAL MOTORS SALES ADVANGE World September Volume at 82,317, Compared to 19,288 Year Ago. By the Associated Press. NEW YORK, October .8 —World sales to dealers by the Gent‘a] Motors Corp. in September were 82,317 cars, compared with 19,288 in September a vear ago and 188,010 in August, it was announced today. Sales for the first nine months of the year totaled 1,594,378, compared with 1,516,092 for the like period of 1936. Company officials explained the large increase in September this year over last was due to a quicker change- over in construction of new models. Sales of cars to consumers in the United States in September were 88,- 564, compared with 85201 in Septem- ber of last year, and 156,32 in August. Sales for the first nine mpnths were 1,279,930, compared with 1,346,915 for the like period of 1936. Sales to dealers in the United States totaled 58,181 in September, compared with 4,669 for the same month a year ago and 157,000 in August. Domestic dealers sales for the first nine months were 1,282,238, compared with 1,260,~ 154 for the like period a year ago. September sales were the best since the national Automobile Show was shifted from January to November and were above 1934, the last year of the January show. CHICAGO GRAIN By the Associated Press. CHICAGO, October 8—Indications that the Argentine wheat crop as a whole had been substantially benefited by rains did much to make wheat prices here decline anew late today. At some stages the Chicago market showed all-around overnight losses of 2 cents or more a bushel. Rains in domestic Winter wheat territory Southwest counted as a bearish in- fluence. At the close wheat was 13al1% cents under yesterday's finish, December 9913-55, May 1.00'g-3%; corn un- changed to % lower, December 591, - 10.50 1040 10.17 10.50 1047 10.20 Chicago Cash Market. Cash wheat, No. 2 hard, 1.08; No. 3 hard, 1.03%-05%; corn, No, 2 yel- low, new, 70; No. 2 yellow, old, 70; No. 1 white, old and new mixed, 74; oats, No. 1 white, 3212-33; No. 2 white, 31'2-32; rye, No. 2, 76; No. 3, 15%; soy beans, No, 2 yellow, 95; No. 3 yel- low, 93-9412; barley, 43; feed, 40-50, nominal; malting, 60-87, nominal; timothy seed, 2.25-75 hundredweight; clover seed, 27.50-32.50 hundredweight. Liverpool Grain Prices. LIVERPOOL. Oetober 8 (). —Wheat fu- tures closed easy. Exchange, 4.95. Baltimore Quotations. BALTIMORE. October & (#).—Wheat, No. 2 red Winter, garlicky, spot. domestic. October, 1.0 BAYUK SF:TS RECORD. NEW YORK, October 8 (#).—J. Newman, president of Bayuk Cigars, Inc, announced that sales for the quarter ended September 30 were the largest for any quarter in the history of the company. Five hundred addi- tional operatives have been employed within the last 60 days, he stated. —_— NEW YORK. October & (m.—New York Security Dealers” Association Asked. Actna Cas (2a) _ 83 Aetna an (1.860) 43’ Aetna Life (R0) LI Am’ Equit (1.:60a) 14 Am Ins Nwk C(lza 1% Am Reins (.80%) g 315 Am Reserve (l1a)._. 3 Am Surety (212) 12 Automobile (1a) = 3% 4 R i I T e e IS * ‘6()‘ NG o 0a) S F F EF ISS FEESR BRLD socsmarie & & > PR S O R~ S I 1D 3 B 29 R N D 20 D o o 20 JFMAMJJASOND JFMAMJJ ASONDJFNAMJJASONDJFMAMJJASONDJPMAMJJASOND 1934 Letters Above Are Initials of Months: J for Jan 1935 . F for February, Etc. 1936 (o 19 oo s S FINANCIA P oW j 2l Tl In 1929 Earnings Amounted to .19 per Shai Stock Sold Between 7.08 and 12.35 Times Earnings 1937 2204~ General Electric Orders Climb to $88,010,937 Mark By the Associated Press. NEW YORK, October 8.—General Electric Co. announced orders booked during the third quarter of 1937 amounted to $88,010,937, the largest for any September quarter since 1929. They compared with $77,398,718 in the June quarter and $74,922,441 in the September quarter last year. Orders for the nine months ended September 30 also topped any similar period since 1929 at $305,276,556, against $211,891,038 last year. THE WEATHER District of Columbia—Fair and slightly cooler tonight; possibly light frost in the suburbe; tomorrow fair; gentle northwgst and north winds. Maryland—Fair and slightly cooler in central and east portions tonight; probably light frost in central and heavy to killing in extreme west por- tion; tomorrow fair. Virginia—Fair and slightly cooler tonight; probably light frost in cen- tral and heavy to killing in extreme west portion; tomorrow fair. West Virginia—Fair and continued cool tonight; light to heavy frost in south and heavy to killing in north portions; tomorrow fair. River Report. Potomac River little cloudy and Shenandoah muddy at Harpers Ferry; slightly muddy at Great Falls today. Report for Last 24 Hows. ure. Barometer, Yesterday— i D m i3 20.91 30.00 anuh; 30.12 Record for Last 24 Hours. (From noon yesterday to noon today.) at 3:30 pm. yesterday. 46, at 6:45 am. today. Year 97, on_August 20 19."on February 28. Humidity for Last 24 Hours. (From noon vesterday to noon today.) Lowest, 33 per eent, at 4:30 p.m. yes- terday. Tide Tables. (Furnished o Dnited, sta es Cosst and Tomorrow. Today 10 - 1047 am. The Sun and Moon. Rises. today 10 Sun. tomorrow Moon. today _ 10:08 a.m. Automobile lights must be turned on one-half hour after sunset. Precivitation, Monthly precipitation in inches in the Capital (current month to E Month, 19 January ? Feoruary Marck September October _ November December G Atiantic City Baitimore. Md Birmingham Bismarck. N. Boston. Mass. Buffaio 80 Cincinanti, Cleveland, Indianapolis Jacksonville. Fl; Kansas City. Mo, ! Los ° Angeles Louisville, "Ky. San_ Francisco St. Louis Seattle. Spokane, (7 a.m., Greenwich time. today.) Stations Temperature. Weather. 52 Cloudy a Slnelholm Sweden Sreenwich timer foday 5 (Noo; Horta (Fa; vnl\ Azores Cloudy Cu Clear Cloudy Clear Cloudy NEW OAKLAND BANK HAS $1,000,000 CAPITAL By the Associated Press. OAKLAND, Calif., October 8 —The (State) Bank of Commerce, capitalized at $1,000,000, opened for general bank- ing business yesterday. It was or- ganized by Arnold J. Mount, once president of the Bank of America, and A. B. Weaver, former vice president of Caterpillar Traction Co. Mount is chairman of the board of the new bank and Weaver presi- dent. FLOUR PRODUCTION UP. NEW YORK, October 8 (#).—Mills accounting for 65 per cent of United States flour production reported Sep- tember output at: 673,250 barrels companed with 5,572,076 barrels in the like month last year, according to By the Associated Press. e | 1,200 BUS DRIVERS ORDERED TO STRIKE Greyhound Line Here Affect- ed by Railroad Brother- hood’s Contract Demand. By the Associated Press, CLEVELAND, October 8 -—A strike against the eight affiliated Greyhound bus lines has been called by the Brotherhood of Railroad Trainmen to enforce demands for a blanket eon- tract, About 1,200 drivers are ordered to strike at 5 am. Sunday through a broad area bounded by St. Louis, Chi- cago, Buffalo, Washington, Norfolk, Va.: Oincinnati and Louisville and in- cluding the New England States. “We want one contract to cover all of the employes,” said S. R. Harvey, assistant president of the union, who announced the order. Most of the Brotherhood's members are railroad employes. “This strike threat does not involve any refusal of the company to nego- tiate as to wages, hours and working conditions,” countered . R. Sund- strom, president of Pennsylvania Gre; hound, in a letter to employes. “The company stands ready to negotiate. “What is the purpose, then, of the strike? Is it to tie up bus operations and drive our passengers to our com- petitors for the benefit of railway employes?” A company spokesman said the Pennsylvania Railroad owns 50 per cent of the stock of Pennsylvania Grevhound. The New York Central Railroad owns half of Central Grey- hound stock, and the Richmond, | Fredericksburg & Potomac Ratlroad | is interested in Richmond Greyhound | Lines. There is little or no railroad finan- cial interest, the spokesman said, in other Greyhound systems affected by | the order, the Ohio, Capital, Eastern, Ilinois and New England. Some 3,000 other Greyhound employes were not affected by the strike order. Harvey claimed wage differentials | existed on the various lines, and | charged the company seeks to retain | these divergent scales. NEW INCREASE SEEN IN POSTAL SAVINGS | By the Associated Press. Postal savings system reports show depositors’ balances totaled $1,272,000, 000 in August, compared with 81,271 .- 000,000 in July and $1,249,000,000 in August, 1936. These balances have been increasing steadily since last May. S. E. C. ISSUES REPORT ON 0DD-LOT VOLUME The Securities Commission reported yesterday that in odd lots or less than 100-share transactions on the New York Stock Exchange last week, the public bought 1,372,531 shares of $47,- 770,844 and sold 960,872 shares for $35,740,259. —_— HOSIERY PRODUCTION REVIVES IN AUGUST By the Associated Press. The Census Bureau reports produc- tion of all types of hosiery totaled 7,702,758 pairs during August, com- pared with 7,143.118 pairs during July and 8,055,800 pairs in August a year ago. WORTHINGTON PLAN STARTS | NEW YORK, October 8 (Special).— The plan of recapitalization of Worth- ington Pump & Machinery Corp. was today declared effective by its board | of directors. Stockholders are being | notified that the new stock provided | by the plan will be available early | in November, OFFICE FURNITURE WE SELL,BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets ‘Tables Safes L. %% A—1S EXCESS RESERVES UP30 MILLIONS Continue Advance in Week as Result of Credit- Easing Program. By the Associated Press The Federal Reserve Board said the supply of lendable bank funds climbed $30,000,000 during the week ended October € to $1,080,000,000. These funds of member banks in the Reserve system, commonly termed " have been on the upward trend since mid-September, primarily as a result of a new credit- easing program, drafted by the Reserve Board and the Treasur: Excess reserves provide the founda- tion for credit expansion, and their supply thus may exert a powerful in- fluence on interest rltes In line with its “easy money” pole icy, the Reserve Board has endeavored to keep these funds at a high level. The increase in excess reserves dur« ing the week ended October 6 was traceable to a $64,000,000 decline in . Treasury deposits with Federal Re- serve banks. Part of the funds with- drawn from the Reserve institutions presumably flowed into the commercial banking structure. Money in circulation increased $49,- 000,000 during the week to $6.569,000,- 000. This increase attended to re- duce banks’ supplies of idle funds and partially off-set the Treasury’s with- drawal of balances from the Reserve banks. The Reserve Board said its holdings of Government securities remained un- changed during the week at $2,526,000. Changes in member bank reserve balances and related items during the week and the year ended October 6, 1937, were reported as follows: Bills Bills U discounted bough 8. Government Sreaney currency Member i circu- 1 A Treasury eash Treasury _deposi with F. R. bank Non-member depos- its and other F. R. accounts TRADING IS DULL ON WOOL MARKET Extreme Lull Relieved Only by Opening of Bids for Gov- ernment Needs. By the Associated Press. BOSTON, October 8—The Com- mercial Bulletin will say tomorrow “The week in the domestic wool market has been deadly dull, relieved only by the opening of Government for 1453.228 ounce suitings and 1,105,535 yards 10%2-ounce shirtings for the C. C. C. Prices bid on these goods show & de- cline since January of about 85 cents a yard on the suitings, which are to made from quarter-blood wools The successful bids evidently are in the range of $1.22 to $1.26!2. These goods call for half-blood or finer wools with 20 per cent cotton. In January bids for these goods ranged from $2.02 to $2.22. “The foreign markets generally are weaker, although Australia is holding fairly steady. “In the piecegoods markets there is little activity, although some busi- ness is reported in mannish women's wear. “In the West, buving has been sporadic and for small Ilots, usua at prices which the majority of grow ers would refuse.” INTERNATIONAL MATCH PAYMENT IS ORDERED By the Associated Press. NEW YORK, October 8 —The In- ternational Match Realization Co., Ltd, announced the payment of a $5 dividend to the holders of voting trust certificates of record October 15, payable November 10. The payment was made possible by the sale last July 29 of some of the remaining assets of the International Match Co,, the concern used by the late Ivar Kreuger to control his in- ternational monopoly in matches. MERGER IS APPROVED. NEW YORK, October 8 (#).—Stock~ holders of American Brake Shoe & Foundry Co. today approved by & two- thirds vote merger of the parent com- pany with two subsidiaries, American Blakeblok Corp. and American Man- ganese Steel Co. Purpose of the merger is mainly to reduce tax liability FIRST MORTGAGE MONEY 5% INTEREST NO COMMISSIONS On Improved D. C. Property Monthly Payment Loans Straight Th:e): Year Loans CORCORAN FIRE INS. CO.. BAUM'S FURNITURE HOUSE 1416 Eye 8t. N.W. Phone NA. 2183 604 Eleventh St. NW. LOANS— ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E QUITABLE CO-OPERATIVE B UILDING ASSOCIATION ¥ 915 F STREET N.W.’ ’ Organised 1879