Evening Star Newspaper, October 9, 1937, Page 14

A—14 v** FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, SATURDAY, OCTOBER /9, 1937. FINANCIAL. BANKERSTOLEAVE TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE[STOCKS IRREGULAR By Private Wire Direct te The Star. Prev 1037 Stock and Prev 1037 8tock and Bales— Prev 1037 Btock and Bales— Net. P 237 Stock ana High, Low. Dividend Rate. Amlm Hizh, Low. Close. mt. High. Low. Dividend Rate Ad 00. High, Low. Ol . * B T o acha Rate, AG4 00, High. Low. Close. chee. | D5 74 Dul S8 &AUDEE) 1 T vk te = | D5 iowh OhloOn s ey a0 Sl Hedle oo Huhtow = Dividendr Ada'0n. mish. Low. Clos. cave. y 65 40¢ Abbott Lab (1.60a). 42 41 42 — 13| 180% 133 Du Pont deN(4%g). 4 135 135 135 73 39% Oliver Farm_..... 10 ‘0 40 4+ 4| 39% 23% Sutherl’d Pap 1. 60a. 8 g 22% 107 Adams Exp (.3 11% 17 7 Eastern Roll 7 % + 26% 9 9 e 11 28% 19 Swif S 20145 Adams-Millis (2)._. 21% 198 151 Eastman Kodak (8) z 160 184 184 45% 2614 Otis Elevator 805 .. 2a TR S Jow owits ta (s 23 Addressog (1.40)-.. 25 % | 371 22% Eaton Mfg (l%t).. 5% 26'5 26% + 24% 11% Otis Steel B e, 11% + % | 23% 9% Symington ww .60g. La : on| % R ATESTm A 3 o oy s e e Tl e - £S 3 ec Auto 6. - Y Pa .20). " 5 H Last of Capital Delegation| & 8% Ricaka Tun (6o 4 s ie g;-flw- > LR i S LR jo & Teincorsiokg)c »|Early Gains of Steels, Cop- i eghany . P % 4% Elec& Mus (.18¢)_. 22 % 4% 15% Pac Co ! i Will Start Late Today for | s 21 Alles steel (i.208)— 22 22 12% Elec Pow & Ltwmce 34 12% 13% + 17 R et 80). A it b L g pers, Aircrafts, Motors ¥ 25815180 Allied Chem () oo 1 183% 1834 44 FElecP&L$SDI.L 2 46% 46% — 26% Pac Gas & El (2) 9% Tex Pac C&O (.40)_. 3 B A B. A. Session. 33 164 Allied Mills (2g) 16% 46% Elec P& L pf.- 2 50 3% 36 Pac Lighting (38) - 77 Tex Pac Land Tr _. and Specialties Cut 217 11 Allid Stores (20a). 1% 8 2% Elk Horn C1pf (1)} 3 4 %|152 130 PacTel & Tel (8) 130% llfl‘a - % 6114 Thatcher pf (3.60) : - ' BY EDWARD C. STONE. I AL e 3 6% % 6% Eng Public Service. 6% 29% 15% Pac West Ofl (.65e). 15% 15% Late today the last members of a | (o/& w!' ety L:::.):-p_f(l) a:h 8% — % |/ 12% 6% Packard Mot(.25g)-. 65 64— % | 13 Stock A delegation of 35 Washington financiers | 115re a1 Amarade o) 5 9% — 8% Pan-Am Petrolm. .. % 8% toc verages will be on their way to the American 16 Am Bank Note & 141 + 1% Panhandle P&R (r) 1% 1% % Barkers’ Association: convention in 5 AmEerE NG 44 Eureka Vacuum Cl- 5% = 50 Panhan P&R pf (r)- 58 58 -4 3 Thompson-Star...__ 3 i e it donei MoRARY A e Sl - 13% Evans Prod (1) 13% — 43 Paraffine (3g) .. 45% 46Y% % 15% Tide-Water As(1a). Net change. “L‘“‘ Ralls “'“l!‘""‘; Bpston, y. A 2 Exchange Buffe 2 15% Paramount Plet 16 16 85 Tide-W As pf (4%). ; 2. Before leaving the city today several 0% B0 A C::& FY! “! - e . ” Fairbanks pf._. Tha'e % 1414 Paramount 2 p£(.60" 14% 14% 4 4 15% Timk-Det Ax .50g . Today, noon 74.9 25.9 526 members of the delegation, headed by A e 8). ¥ = ke % 384 Fairbanks Mras(is. 37% -1 2% Park Utah . 28, 2% 1314 Transamerica Corp. 3 3 Previous day 74.9 258 3 52.5 ‘Thomas J. Groom, president of the m; Am Colort, : & 859 11‘/, Federal Lt & Trac.. 12 - % 31 Parke Davis 1.80g .. 31% 8% Trans & West Alr _ % Month ago.. 835 305 586 District Bankers’ Association, pre- 15t AmComclyAcho'" % Federal Motor. ... 4 22% Parker Ryfst-Pr 1%4. 9% Transue & W (.30g) Year ago... 945 426 530 711 dicted that the controversy over unit [ 3 19 Am Crys Sug 3. . Federal Wat Sve A. 2% 6% Pathe Film_ 4% Tri-Cont Corp (%g) 3 1937 high..101.6 495 5 5.3 banking versus branch banking would i 88 Am CryaSug pr(6). 4 Fed Dept Strs (2)_. 2% Patino Mines —____ S S can 937 Jow .. 748 258 353 525 Joom large in the convention proceed- 4% Am Encaustic Til ¥id Phoenix(1.602). 31 3% Peerless (.30g).__.. 20 TxusccsBteat : 72.3 4% Am & Forelgn Pow. Firestone T & R(2). 25 79% Penney (JC) (3g)-- 2615 20th Cent-F 1.50g . z ¥ 73 34 55 s s tr e DRyt 22 AM&FP$6pE - Firat Nat Stra(3%). 38y e L 0% ARG S08)- . 1032 low . 17 Figl g s S ¢ Flintkote (1) 7 enn-Dixie Cemen 2 Ulen&Co = secretary of banking, has announced 29% Am & For Pw $1 pf _ bl ]a s 2 U Follansbee Bros .. 25% Penn R R (%4g) .. 13% Un Bag & Pap new . 1929 high__ that the National Association of Super- i s $ Food Mach (2.508) 374 65 Pere Marq pr pf(5)- . 21% 5 o o 3 @ 3 FEFEE F FIE FEIF S ¥ RN AN SRR RO NN e Da—S 5] E N NN NN MRS R BN AT 000 AN N ¥ 5 'a Unlon Carbide 3.20g 12 85 £ y 1927 low. yisots of Btate Banks will' urge 'the S R, 5 9 Foster Whesler 12 ;.;:;Saég&m;gu;), 2 20 ‘lj: g:lc?écc‘l‘l)(.lil)v 3 (Compiled by the Associated Press.) 28 Phelps Dodge 1%g- ; Unit Afrcraft (%g) 31 Phila Rap Tr (r) 3 Unit Air Lines_____ 11 45 Phila Rap Tr pf (r). X Unit Corp. 3 3 : BY VICTOR EUBANK, ’ Phila Read C&1(r).- UnitCorppf (3)-._. 3 32 3 2 Associated Press Financias Writer, ilip Morris (3) Unit Drug (%g) N ik S stor Phillips Pet (2a) . Unit Dyewood (1a). m:in’ .‘:,?:: (: ;m‘r,:n Febapl i1 Pitts C & Ir pf(5) - Utd Dyewd pf (1) a . sk At Pitts Screw (458) - Unit o Coal e o o rally today but met sufficient selling Pitts Steel - Unit Fruit (3)__ 2 to dull its appetite. 24 Pits Unite Unit Gas Imp (1) - Aircrafts, reflect g Govern- W Pitts & W Va . Unit Gas Imp pf(5) 2 107 ; 5 ment order for Boeing, pushed up at " Plymont Oil 1.05g- Unit Paperbd (.30g) 5 | the start, along with steels, coppers, 4 Poor&CoB. . ._. 9 US & Foreign Sec ‘ % + % | motors and specialties 4 3 Porto Ric-Am T A 3% By 3 U'S Freight (1%e)_ 5 s % Porto R Am Tob H . U S Indus Alco___. 23% 4 Early gains of fractions to more Postal T & C pf (r). U S Leather than a point, however, were shaken ;resn{;sxsl(t;‘nr.'_”( : US Leather A. % off in many cases later and, while rocter & Gam (2a. 2.4 33 US Pipe (3) | G satvaiio i At s b 2 = moderate advances were retained Pub Sve N J (2.60)- ; : 4 T2 B4 VB R numerous favorites, a wide assortment PubS N J $50pf (5). 1 g 9 U 8 Rubber 1st pf of losers was in evidence at the cloce Pullman (1% ) ... : Hro- ' 5 USSm & Ref (85) Dealings were comparatively qu Pure Oil 3 2613 69% U S Steel | during the greater part of the session, guriolmll;n; :l‘_ 5 5 U 8 Steel of (7)_ with transfers around 450,000 shares. urity Bak (.45g) - : 9y 9 Unit Stockyds (%) : : Radlo Corp ‘ 2% Unit Stores A %) ] e v ocou e Radio cv pf (34) ? 9 Univ Leaf Tob (3a). attention in board rooms as Wash- Radio-Keith<O (r, UtilP &Lt A (r)__. ington prepared to participate in a nine-power conference, h Japan particularly “on the spot.” Trad Real Silk RS Vadseo - Reliable Strs (1) __. s Vanadium Steel forces, consequently, were inclined to step carefull A. B. A. to take very strong ground | 55% 30 Am Hide & L pf (3). h Francisco Sug: sgainst the extension of branch bank- | 52% 37 Am Home Pr (2.40). 4 3 v Freeport Sul (1§ Ing across State lines. He insists that ER: ni. :m {‘c-____ e g:l“:‘;l‘x‘n‘;}n the United States has no bankers big et et b I 3 ol enough to manage large branch bank- é::. 147 Am Mach & Fy (1) % Gar Wood ind (%g) 32 i3 Gen Am Inv Ing systems spreading over different| Jeis Sgr: Am meeg LS o o To States. 722 39 AmP&L $5pf (5)- 9 9 9 4 Gen Baking (.60) He says his organjzation is mot| &7 44% Am P& L $6 pf (6) % Gen Bron interested in branch Banking within | 2915 13% Am Rad & St S(.60) 3 Gen Cable ... State lines, this being a matter for [ 45% 27% Am Rolling Mill (2) ‘ 2514 Gen Clgar (2. 508) - each State to handle. 101% 86 Am Roll Mcvpf 4% 5 4 Gen Elec (1.20g).. . 58 35 Am Shipbldg (2a)_. % 4 Gen Foods (2) .. From many other sources comes in- | o0, g 4T Sm“; Ret (48) : g . GonG&EIA - formation that the McAdo bills NOW | “71; 50 Am Snuft (3a) « Gen Motors (214 §)- before Congress, which call for ex-| 73 301 Am St Foun 1505 o 3 3 Gen Mot pf (5)_. tension of branch banking, will be| 263 12 Am Stores (1.50g) 3 3Y 13 5 6 GenOut Adv spposed in resolutions or some other | 567 31' Am Sugar Ref (2) 31% 313 g Y 30 Gen Out Adv A torm at the Boston convention. 187 156'4 Am Tel & Tel (9) 6 151',. 157% 13 Gen Prtg Ink(.6 It 18 understood that most of the| 99 = 70% Am Tobacco (5) Gen Pub Sve 99°% 70% Am Tobacco B (5) 75 P Gen Real & Util Yankers in the Washington delegation % Am Type Fars & ‘s 20% Gen Real & Ut pf. take little interest in this national | 3 3 =3 Am Wat Wks (.60g) 2 12 7 Gen Refract (2h)__, issue. There are plenty of branch 6's Am Woolen ___ __. 3 6 3Rl3 1515 Gen Tire & Rubber. banks in the Capital, but up to the 9 43 Am Woolen pf(3k). 3 3 20°s 103 Gillette Saf R .75g. bresent time bank officials here hcve | 2 63 Am Zinc L& S 4 9% 1213 Gimbel Bros thown little desire to go any distance 3 34 Anaconda (1.25g) .. 9 35 3 W 2 29% Glidden Co (2 beyond the District line 1714 Anchor Cap (.45g) 5 Glidden ev pf (21). - y . 373 12 Andes Copper 3 3 3 3lidden rts Oct 25 _ Other subjects that will grip at- N ity o Sanfion ot (e Boston: mesting. are 38 Arch-Dan-M 1.50g oebel Brew (.20a). 7 Armour i1l (.558)_. 50y Goodrich (BF) 1s... the outlook for savings, outlook for| agi, 74 Arm 111 pr pf (8) P A Goodrich pf (5) foreign trade, prospects for profits | 701, 40% Armst'z Ck (1.50g). % f‘nod)eaerRlsol In banking, the gold problem, public 8% Arnold Const (%g). F Gotlion Bl relations, investment policies and 5% Artloom et aspects of the Government bond 495% Atch T& S F (2g) FE OF FEEFE L3 - 10040004 E3 ten 8 » rhaNar-SaBeannmnmnanna=3s +11+1 Rem Rand (1.05g)-. Va-Caro Chem Reo Motor ____ 3% 3 32 Va-Caro 6 pf(1%k) Republic Steel - 7 Valron Coal & C pf. Revere Copper & B Wabash Ry (r) 5 rnolds Met (1) _ Wabash pf A (r) market. 8313 Atchison pf (5) .. 3 314 3 5 Grand Union _ Reynolds Tob B (3). Walgreen (2) ¥ et 30 Atlantic Coast Line 3 30 Great Nor Ry pf Ruberoid (.60)____. a 1% Welgtoen b W £ Farnings Reports Reviewed. 2215 Atlantic Refin (1) . 4 5 2 Grt NorOrect(%g) & 144 2614 Safeway Strs (2) __ 5 o Walkes H GEW(2)> Auchincloss, Parker & Redpath, New 2101% Atl Refining pf (4)_ 4 ' Greyhound (.80) _ St Joseph Lead(2a) i . % Walworth York Stock Exchange firm, with head 11°% Atlas Corp (.80) __. ” Greyhound pf (.55). 3 S 9 n Fran (r) .. L offices in the National Savings & | 52 Atlas Corp pf (3) _. 46 Guantanamo Sug. 93, St L Southwn (r) Trust Co. Building, is distributing to 9 ' Atlas Powder 2.505. + 59 Guantanamo pf. 5 21y Schenley Distill(3). clients & “Study of Quarterly Earn- Atlas Tack (.508) - 2 Hall Print __ ings Reports,” which is most compre- = fi“‘i’;‘&;‘éz‘fl' 3 . 25% Hamilton W (1.255 hensive and unusually interesting.| . 0% B = ] Harb-Walk (1.50)- e : aldw Lo ctfs w. 8 Hayes Body __ The study furnishes special informa- Balto & Ohlo .. K Elecitor BroAI(Hoa). tion on five mmrularly‘ important Balto & Ohlo pf. 4 EY: 20 Hercules Mot (1) . points in connection with invest- 3 73 Barber Co (% &) 3 R 185 115 Hercules Powd (6). ments: 29 garkc; nxfl ('.i'x = 35 g 3 . 13515 1 Hercules Po pf (6) - : rate of earnin wer of | 3 arnsdall (1) 4| 6% 2% HerePrtsOct14 _. en;r;;?:: on a f‘ommong ppe: share Bayuk Cigar .5614g. 523, Holland Furn 1.50g. 4 4 Beech-N 4314 23 Holly Sug (2%g) _. K SRinag Of Ay 05 I8 Beldin-Hem (1) 19 9% 9y 1143 Holly Sygar pt (1)~ figures to annual basis after adjust. 3 Bendix Aviat 758 - & 4 ; + 4315 Homestake Min 414 ment for indicated seasonal trends: 5 5913 Bethlehm Stl 2.50g. + 7 P 5 Houd-Her B (1%).. ealculation of a price-earnings ratio: ILQ ”172" l;exh St15% pf (1) 7 R'3 Houston Ofl. i rk raisal of | 129'4 103 Beth Stl 7% of (7)_ 3 ; 3 . 214 Hudson & Ma .r::nrg::m;:mnxfng;m;};:rlx ?Ent com-| 38 18 Black & Deck (1a)_. 9 9 4 9% Hudson Motor-. = 2974 1214 Blaw-Knox (.708) . = panies in same industry: comparison | io. 3iat pesineaceey 2T » s of current results with earlier periods: | 461, 40 Bon Ami(B)(2.50) s !Hg::t LQI:.(‘?) extent of recovery in percentage terms | 28 20's Borden (1.60) Trinlian Refaing. of 1929 earnings and prices. 50% 35% Borg-Warner (2)_.. 8 36% 36% v Indust Rayon (2) The question concerning how many | 15% q{\“- Boston & Maine 1 6 6 97 Ingersol Rand(3g)- ¥imes earnings a common stock should ;;;‘1 ?flx ]"180” Be(2g). 1 26 26 2 314 13% Inspiration Copper. gell in the market has never been ridgpt Bras: 5 o124 12 3 4 Interb Rap Tr new. . 2915 Brigss Mfg ( 4 31 31 314 Int 1 Rubber. properly answered and never can be, 93, Bklyn-Man (23g) 15 14% 134 ;125 1,',"::;7:,?.‘15,‘:, 405 the study says, because there is no rule 3213 Bklyn-Man pf (6) 43 41 31 Intl Agricul. of thumb or exact yardstick by which 2 BKlyn & Queens . 24 2% 20 R4% Intl Harv (2.50a) to measure values. Ample data, how- 22 Bklyn Un Gas 2.30 21 %| 162 1447 Intl Harv pf (1). ever, governs the selection of stocks. 11 RBucyrus-Eri 10% 4 63 Int] Hydro-Elec A. 5 13 e 515 Budd Mfg g The Auchincloss, Pa.kelh& Redpath | 13" 2 BNa e (200m : s summary shows that the average 19'3 Bullard Co (1) .. 47w Intl Nickel (1.508)_. eommon stock was earning at the an- 352 Bulova Watch (4a) 13 v - 9 3% Intl Paper & Power. nual rate of $3.44 per share, based 55 221, Burr Ad Mch(.65g). 2 238, 3 54 Intl Paper&Pwr pf_. | tion. Unless otherwise noted special or extra dividends are not | upon reports of net income for the | 314 Bush Term (r) E 3 415 Intl Ry Cent Am _ : S “io. BUNOHEGE). o second quarter of this year after ad- 4 10'; Butler Bros (.60) Intl Silver pf (8k) Sunshine Mng (3)- X Ex dividend. xr Ex rights. a Also exira or extras, 2 6w 2t B L s 15 Iast year. fPavable in & Declared or paid S0 far Justment for seasonal trend. This W B eCOPR T LA O R = 5 S SLDuesiar (LINE) | Year. “Ncash or stock. © k Accumulated @ividend paid or ‘de | compares with $4.01 for the first QUAT- | 33u 17" Byers g o & 27 T e R T ; it Lt L Ssat iy, +! - 071 ] S ter of 1937 and $2.60 for the second | 91 42 RByers AM pf 2.50K > 1071 Interst Dept pf (T)_ ] [ S mannRelonunw s mnoa aunenBonReen n Some cheer was found in | remarks of Chairman Jones of Reconstruction Finance Corp. re ing the lack of an the recent mi t was debata stimulated b It4+ » 2 Ward Baking B __ Warner Bros Plct. 3 a3 3% Warren Bros (r) - Seaboard Alr L (r)_ : 913 Waukesha Mot (12) 3 Seaboard A L pf (r) T 3% 3 : Wayne Pump (2a) - ¢ Seaboard Ofl (1)-- 3 26% 2 5 WesO&Spf(4) _ Sears Roeb (3) : : West Penn El pf(6) 3808 ‘ ] i - Servel Corp (1a) . 4 9 9 9015 W Pen EI 79 pf (1) 100s 100 ern Union, No; Sharon Steel (1.20). 2 2 - 53 11013 W Penn P 6% pf(6) 605 114% +17% | Pasco, American S:arg& ?onme = h 23 W Penn !’T','vnt(h, 3108 12075 120% 120! 1y | States Steel, Bethlehem Ste Sheaffer Pen 2,255 . 29 20 29 Western Maryland_ 2 inois, Monsant cal ) Shell Unfon (%g) -~ ™% 17 Western Pac = A + ENls ihattan Te St Simmons Co 1.7 3 3 3'3 Western Pac pf 3 E e LI ey ¥ il Chenapenke Smith (A 0) E % 2 West Un Tel 2.2 - 5 Ohio, Atlantic Coast Line, Cols Socony Vac .508) - 6 5 Westhse EI&M (3z). & Southern and Canada Dry. Sou Am G&P (.10%) 2 1 3 Weston El In .75g st : 3 0 5 8 W ish notwithstand- South P.R.Sug (2a). Westvaco Chl (1) ; ke bl B Sou Cal Edis (1%a) 2 2 v Wheeling Stl_ 3% 34 3 1 e S Taae quRciery Sou Pacific___ 26w 2 White Motor _ _ 5 PR o ol e 2 Southern Ry : 5 3 Wilcox Oil & Ga. e’ TR some 30 per cent over those in the Southern Ry pf. % 25 3 41 Willys Overland 15 4 same 1936 period. At the same time Spalding ' Wilson & Co (13) G ; the suggestion was advanced earning Sparks Wit 1 u| % Woolworth (2.40) _ may not have made such a g w- Sperry Corp (.60g) - | 47 Worthington Pump. e G e D iir S hiaw Spiegel, Inc (1) 5% 1% + %| 76 Wrigley Jr (3a) .. L s i Spiegel pt (4%) __. 15 30 6 62% Tl GREGC§0). : ; Narrow to down a point or so were Stand Brands (.80 37 17 Yellow Trock. - - 2 General Motors, Crucible Steel, Mon Stand Com Tob... 3% 3 | 46% 31% Youns Spring (3) : gomery Ward, Sears Roebuck, Macs y .Sl::d c:as: = ‘:i- s, & L lll‘l“- 40 'X gstwn Sh&T 2 ! International Harvester, Deere, West- 713 St G&E 1% p pL(r). 5 bRl LS SN < a0me inghouse, General Eleciric, Sdhta Fe S Tavest = 3% E | New York Central hern Pacific Stand Ofl Calif (1a) 5 E | Approximate Sales of Stocks on the N. Y. Stock Exchange. | Great Northern Stand Ofl Ind (1a)-. 37 11:00 AM. . 220,000 12:00 Noon ___. 400,000 |Chalmers, Hi Stand Oil N J (18) . 5 Actual salest unit of trading 10 shares. | ical, Sterling Prod(3.80) rIn bankruptcy or receivership or being reorganized under | Stewart-Warn(3%a) bankruptey sct or securities ass.med by such companies. Stone & Web.. Rates of dividends in the foregoing table are annual dis- i bursements based on the last uar(erls or semi-AnnuAl deciaras A a as Tuesd S wulaSRnenSeanTS aficow 1+111++1 4 253 AR ’.‘:z @ 000 00 D I » AR i Ed Janizen Knitting pfd_ l 1+ +11++ L & o o oop ©%0 © O POOO LOOD 1+00+) FEFIEER —.-.u;-m—an»—t‘::—,—-av-»-' 1+ FOEFSE 8 o [EYOTOIN TP =PRI OTIT Y 11+ +1+1++ - - - Lt P L e FLEE FEFFE £ F¥F FF 0S5 wHe 2 PP P N R R =P T T Y 11+ o | 30 241 Island Crk Coal (2). 2 2 |3 quarter of 1936. 6% 2% Callaban 2-La 3 om 2 Rl S DIVIDENDS ANNOUN Washi E ‘ The summaries by industries and | 20 O Calum&Heoll05- 9 & 9% | 196 100 JoneskTan ot stk S 91 % o . IVRCER as mgton XChange INSURANCE STOCKS }n ? . Tt 20 C: bell W 2 2 . s EW YORK October 9.—Dividends NEW v —New Yor gepats v i) el S G 289 Kansas Cliy Sou oy g dediared (prepared by the Standard Sia SALES. Security Demters: Asseciation. T ¥ Pats L e B0 e 1715 &% Canadfan Pacific h. 0% Sl g ; B LB T Lincoln Service common—10 at 20%. | setna s many compliments from investors. a1, 12 < 5 69% 40 Kennecott (28) . 2 . 207, na Cas (%a) 191% 122 Case (J 1) (fg)__ 3 2 23 2013 11% Keystone S&W ( 3 . Pe- Stk. of Pav- | Lincoln Service pfd—10 at 44. Astna Ins (1.80) U. S. Officials to Speak. 100 71 Caterpillar Trac(2) 71 46% 28's Kimb-Clark (1a) 1 » I Rate. riod. record. able. fo (K0 The role to be played by the Fed- :;:A 26% Celanese (2.255) 268 264 2 9% 34 Kinney (G R)._. 1 g 3 3 Toburn Gold Mines __lc AFTER CALL. eral Government in the future in the | 334 275 Cent Avir (134a)-- o 5% 18 Kinney prpf._ 9 58 g T iny | SUSASICENE Boc 5| American Security & Trust Co.—1 at fields of farm and city mortgage lend- | (J* & GETHTR) PO¥oC - 5% 1% 18 1575 )3 Kresge Dep Stores St 260. tng will be told next Wednesday in| ges. 49 corr Addetr GO 2 29% 1915 Kresge (S §) .90g _ 915 9 Tyler Fixture Corp. 23c__ t . % 49 Cerrode Pasco(4a). 55 5 % 177 Krozer Groc (1.60) : 5 Increase. Bi o Cleveland with the opening of the| 23w 715 Certain-teea . .. e T4 i - B e e o id and Asked Prices. twenty-fourth annual convention of | 63% 3513 Champ Pap & F (2). 3 43 T TR R e e Regular. BONDS. the Mortgage Bankers' Association of | 111 107 Champ P& F' pf (6) 71 7 St 5 s [ Contin”cas (1.20 initi 48 10% Checker Cab M, § 1eulgh Vel Coslpf. o Ll S pr w1 PUBLIC UTILITY | Pid & Dep (4a) America. The two initial addresses 8% ',W; Ches & ORlo (2 {‘) 814 Lehigh Valley R R_ Berlmd shne Strs g Bid. Asked. | Firem's Nwk ( at the opening session will be deliv- | 105" o5 CpESE O 1e A (4) i 4 313 28% Lehman Corp (1a)_. p I XM i Amer_Tel. & Tel. 4138 [ 5 ‘_'r'a“»né’r:‘.’mru_.- ered by Gov. W. I. Myers of the Farm | “131, 4 Chi& East [ pf(r), 121x Lehn & Fink (1%) 3u 134 13 | Brandywine Shrs | Glen Fas (14 Credit Administration and Carroll B.| 181 5's Chi Gt West pf (). EIK 34 52% “ | Copperwern steel Globe & T Merriam, director of the Reconstruc- 3% 1% ChiMStP&P (r)_. flfih I‘; Y & ZMl; W 9 g | General Baking Grear Amer (1a), tion Finance Corp. two of the prin- Z;: j:. g::z{gtg&:?)n{lr). 19 l:i:‘!fifld"c"b (x.so‘-” - o l g:rrwg’m}lflu_xp‘%" : gflr’mgsrlw"nrwnp((;ns 5 s I;{(:\n(;rl;i 'F'n"p": o cipal Federal lending agencies. i ol L 6415 Loew’s Inc (6£)-. 3 67 g Pub “Elec Light Was: r‘i{‘i 3 5 Lt - o Speakers for the association’s first 3% 1% ChiR1& Pac ;”‘“ I Lan. ... St unence FIr Mis 2| Wash. R: ; 4 gflmpyrnd 1) nnual “appraisal clinic” were also| 101, 3, CR1& P 7% of (r). ai‘l kz:-_sstzlrl(;em @ 3 Tn‘b):rfi e i \"SCEZLLAN‘FOU= u’,‘,‘f,,kfi{";fl‘." 80 announced today and include Edward | 2713 10 Chi Yell Cab(1%g)- SR pe e St Woelson Spice Chevy Chase Club 1st 41zs 101 13 | Marviand Cas' L. Ostendorf, president of the Ameri-| 15% 5% ChildsCo o 18 L°"m' a P)'“" s 3 g Do 67 pt Col. \(‘oumrv Club 1st 4les_ 108 zll‘i‘gngr ‘*‘Ii;' ean Institute of Real Estate Apprais- | 1351 8313 Chrysler (Tg) e G : Am he Bl s2 conv pt RO 108 Fire () . - 21% 14 ty Ice & F e 5 o - o s v (202} ers: H. O. Walther of Chicago, presi- | 23 18 Clt; e ¢ = k 16 MecCall Corp (1.50).. S v it o5 STOCKS. e i dent of the Society of Residential Cljranx Molybalin: = 12 McCrory Stra__ .. 4 Amer Iny Il 7% PUBLIC UTILITY. Nor River (1) Appraisers, and Philip Kniskern, pres-| 597, 1614 Cluett Peabody (1)- 19 McGraw Hlee 9% 19 Bullock Rund Ltd Amer. Tel. & Tl 0)___ Ehoenix ident of the First Mortgage Corp. of | 1701, 11912 Coca-Cola (3)-_ 14 McGraw-H.57%g Fidelity Fund C"l’;-{.‘,_"’fs-[gg'mo:l @ 103% | Eror Wash X‘n 4 Philadelphia. The “clinic” is being | 25% 12% Colgate-B-P (.50 324 Melntyre Pore (2)_. 5% ® 11 | Rh 190 Ins | :/| REAL ESTATE LOANS naugurated because of the associa-| 51% 18% Colo Fuel & Ir (1g). : 33‘;: mg::fll : ;0?‘—) l{;'z‘g‘():;vn Iny Uam) o ion's beli & 9% Colo & 0, - aul Pire (fa) x o bl e S | 130" 1ok Coloamwarisroe Sor 2, MeLellan Sirs 355 8 ¥ Jees new com 412 Tk peatis G0 gaK 10l | scingles 14 SMALL BUSINESS S Doriat than donay. 2 23% Col Brdcsts A 1.05g. 2 27K MALk Truoka i) Pac Gis'a Bree 62110 Wesh. Ry, & BL pid. (5. 169 110 ~ | Fravelers (1) - * 0 “ProrerTies y. ) i 8 Colum CB WL Abg. 35% Macy 2)_ : 'S Pire ) The convention this year will be 79‘: c:;l"(:,“& Elp‘l:&) 33 1014 Mad Sq Gar (L1557, ’",q_. Emi . BSANK AND TRUST COMPAN’Y Westchester (1.20a) 313, FRED T NESBIT the largest ever held by the Mortgage 18 Col Pict vto (18) o 9 Manati Sug pf (r)_- 5% ptd 5| pmer nf‘ae‘fhf;d,.c“(h‘ffi; 285 8—Also extra or extras, i N Bankers' Association of America in its % 47 Comel Credit (4a 6 Man Ry mod gtd(r). ; s e 1457 pbushii s i B e Y AYE HISVRIUS. oone Dearly quarter of a century history. 90 Comel Cred pf 4% - 2% Maracaibo Ol NEW YORK BANK STOCKS | fiies Shvines 10— 55 - i ’ 77 Marine Midl (.408) ? g 158 More than 1,000 will register. 47% Comel Invest Tr(4). B Mariae i g Lincoln doog =2 CHICAGO PRODUCE. OFFICE FURNITUR Dollars and Sense Appears 99 Comel Inv T pf 4% 1om, 1004 11 Market St Ry pr pf- EW YORK. October 9 (. —New York | patgSav. &,T"N 2 TURE ars al S S ppears. 4 10 Comel Solv (.60) 10 974 %4 15% Marshal Fleld_. 538 5 5 &cur“’ Dealers' Association. eorges BK. 2 CHIqAGO October 0 (P Poultry, live, WE SEL o The first issue for the year of Dol- ¢ b4 4 14'5 Martin (Glen) Bid ged. | RlEES feB) - 270 0, Tucks;steady; live poultry prices un- L,BUY OR EXCHANGE ; -— ! ' . )77 G fars and Sense, published by Wash- an 414 Martin-Parry ... B s U ¢ | Washington (0 =< IS Butter asy, _Creamery f)h’;“ :'"' Files ington Chapter, American Institute of 9 T Conde Nast 7 33 Masonite (18) ... ash. Loan & Tr.” (e8)_ o e ""“ ,‘”_ ex esks Steel Cabinets in the financial 27 P 26% Math Alkali (1%) FIRE INSURANCE. a0 Y Tables Safes Banking, appeared in the financ Congoleum- 27 ), 3 o1 4-87 15 ™ district today. It covers the institute’s 12% Consol Aireraft. 1a% 15% % Maviak — s t.ix“" oo ; standards’ dio. cen BAUM’S FURNITURE HOUSE activities in detail, President William 814 Consol Cigar ) y Vo JUanEa Firemen's (1 | “23: cars, 57 > 1416 Eve 8t. N.W. Phone NA. 2181 i A i % 27% Consol Edi (150g). 2814 28% 9% Miami Copper. National Union (.60) rs. H. Laughlin and his aides submitting SH Cote) S CAe 44 e 21 Mid-Cont Pet (%E). 3 some excellent reports. The current | “'gy 5™ Gonoo) pim 122 107 Mlidland St1 1 pf(8). First Nat (Bos) (2) ___ . {03 TITLE INSURANCE. Around midsession wheat was 317 Safe I ¢ ¢ number includes the address made by 78 Minn-Hon Reg (3)- First Natl_(100) » 24 ol L NG 43 g‘:hrr compared with ‘vesterday's finisn: ale [nvestments radio by Branch Rickey at the insti- 74 Minn-Mol Imp_.- a0 = *f 10 MISCELLANEOUS, L 0y MO L andea First Mortgage Notes tute graduation exercises. 174 10% Consol Of (.80a)__. 13 76 Minn-Mol Imp pf... Manufasturers Tr (30 0 8 s ST L3 07, Secured on conserva- This year'’s staff is made up of | 108 N eons ?ga‘éfi% - %10::: 10:":’ Netl gity i) sk a4, | Lanston Monotyoe (14) e Rt /0 tively appraised new A. E. Henze, W. B. Hibbs & Co., edi- & Consol a e s ncoln Serv. com. (11.00) > | Tiberal demand fair Tor bes ) buildings. ” f 1% % Consol Textile (r) .. 3 Lincoln Serv. pfd. 3 tor; Miss Rose Royce, Washington| ;% s Consol Textile (r) e et 20 Mohawk Crp(1.208) Mergenthaler. Lino. I N A/ SO i g _n""’f"” lénlsondn Bradley, Beall & Howard, Inc. Yoan & Trust Co; J. George Dage- | 374, 18 Contatner (1.20)_._. 18% 17% 4+ 85 MonsantoCh 1%8 T8 s Dr. 8t or 114 5.‘22‘ g hewine sbmedaen ‘Rorih || SR etantisned Nearty 50" Years't nais, Riges National; Kenneth Birg-| 37% 13 Contl Baking A—mem 1315 13% 9 43 Montgom Ward(2a) REICHSBANK STATEMENT. Real Est, M. % S0y 115 | slze suc_thowing some deeay, 3 stablished Nearly 40 Years feld, American Security & Trust Co,| 5% 2 Contl Baking B____ 24 2 5"" :flmltf;* 3%)- e ek R 1000 130 | meil mues: Jiou i il £ Kot = i other Lode : . \chs- | TeF. Ref. & ; : E . assistant editors, and Eldridge Kene | 69% 50 ContlCan (3) 51% o bank siatement at of Ociober & shows LI A Eariy” Ohio i-and || Money for Construction Lo 4 10% Contl Diamond 1% g 12% 2084 Motor Pros K)- ) i ed. ol 4. | ans drick, distribution manager. 3014 Contl Ins (1.60a) ~ Y 161 Motor Wheel (1.60). lh!lc.{r‘],llzw‘l(nl changes (in thousands of s, dividenia. 2 e e mg;mn o | and 43 rks) 3 . Reports from Portland, Me., state it b 18 1% 7% Mullins Mfg (B) _- Circulation, 5,035,000; de- fPlus extras. e2e; extra {115 gs. | RURAlS U.'S. No. 1\ faif auality, I L Existing P i that progress is being made toward 3315 Contl O11(Del)1% . 36% 35 15% Munsingwear 1.508. 5 THR8Y: inerense. 10 tra,. B76c exira. "< 30c paid June 24. HE - RS oans on LExisting Froperties the reorganization of Brown Co. of 17 ContlSteel (1)_—__. 3 17% % Murray COrp-—.oo—. Forelgn _currency reserve, 5.864; in- NEW YORK PRODUCE. Berlin, N.- H. The big rayon, pulp 54% Corn Prod (3) 161 61 61 14 NasA-Kelv (1) L it it ik R 0 and paper concern has filed & plan| 171%153 CornProd pf (7). 1 160% 160% 14% Natl Acme (%§)--- 5,286:420; ,,m,_” 50817 8. FEDERAL LAND BANKS NEW YORK., October 9 (P.Dressed | ? in the Federal Court in Portland zgh 2{;‘1 cou = ig 3;» am 2?;: g‘:}'sxvm::‘:{w) Other o daily_“maturing " obligations, Itry easy. All fresh and frozen prices FIRST DEED OF TRUST ONLY - s ‘rane Co .. % 32% A a scu = L NEW Y aé | which ""’P"‘"bo"’ds”y d“,‘ ::—:z M| 115" 9% CraneCocvof (). 2102 102 22 Natl Cash Reg(1g)- o R R R e S e BT e B e EOR s GER terest on the bonds and inf 28% 11% Crosley Radio 3 1% 168 Natl Dairy P (1.20). Hutio o .....: und Torelgn currenty to |, i, Aded. | o Butter, 1 unsettled. = Creamery. | . this back interest. There are re-| jphi, 39% Crown Cork (2) 40% 255% Natl Distill (2). nm..{:‘ 1.5 r ent. ‘ y 2.;: r}f{n:; 108 1037, ;l‘r:é«esz:;:cg:"xgrw. 12-39%. Other 643 Indiana Ave. N.W. to be many bondholders in| 254 14% Crown Zeller (%8)- 6% Natl GYD!I:I;-’ — . & o is" Max. hak e 215 3,056, firm. Prices un- | Nat'l 0350 ‘Washington. 81% 39 Crucible Steel. 29% Natl Lead - ov., 7 » g Heard in Financial District. 3 1 CumCo__ o Natl Pw & Lt )) U.S. TREASUBY PDSITION. 45, v’ 1946 101 IR 1T ORY: unsettled. Mxxcd‘cnlnn. % 7 Cuban-Am Sugar... A Natl Steel ) -~ ki q 0% 1 t | paecks, 21! T Business executives believe that the 127 104 Cuban-A Sug of 18k 24 Natl Supply.. ..o B the Associated Pre: 4 : ;:,;;5:{;,";,,;3(:;;‘ ROSasa1 " refrigerator pecession in industrial activity in the 19 Cudahy Packin; 137 110 Natl Supply pf 3%k The rolmnn of tnc 'l‘rulury odo\m- e s Tefrigerator seconds and me- past two months is a period of diges- e ey L 6 12 5 Natl Tes (.30g).. - orassinty LT —_— fa TR I 19¢ . tion of inventories rather than th; 3% Curtiss-Wright. .. 64% 40% Newberry JJ (2.40). 4 RES s',ull“l',?m Teceip FOREIGN EXCHANGES. R e Fll’st Trust Notes beginnis of a major downwar 1244 Curtiss-Wright A_. s 41% 18% Newp't Indust (28)- A ‘Recei] 5 2 the business jshield.s & Co, 5414 Cutler-Ham (2g) . 55% 23% N ¥ Central .. i 23% Do i -Fr.s m oal Jeary (once 7| wEW YoRK. October o (. —Foreign | HOLDERS TO VOTE ON ISSUE. 4 5"{;"‘,’,“"5 Investment " : - b g__ b2% 6. i 1.061.03 | exchange mixed; Great Britain in dollars, | NEW YORK, October 9 (#)—A ell Secured members of the New York Stock Ex- 14% Davega Stpf (1%). 4% 14% —~ K| 100 52 NYCh&StLD ney, expenditures; excess 'of gthers in cents; Great Britain, demand: : Conservative Lo ted today in a survey, | 1 99% Dayton P&L bf 43 1°' 101% ““’" 101% — % | 12% 4 NY Dock. . ek R RN Denditures. Mn 2175.640.28; RTOss. debt, | 4.95%; cables, 4.95 0-day bils, 4.5 special meeting of stockholders of e Loans on ehange, repor Ay dn ¥ 5 9513 Deere &Co (28)-... 2 97 97 $36.038.642,278, 'an_ increase of $3,043,- 5 nd, 3.9 RN small central investment “Business Predicts Its Future.” 31% 23% Deers & Co pf(1.40) 234 6 % % 8 — 14| 00341 ibove. the, nrevlmn day: gold dssets, 5.2 . 5! Abbott Laboratories has been called Propastiss State and municipal financing for | & 143 Deisel-Wem-G (1a) s 3 $12708.04 177160, , dpcluding '$1,237.450.- e Belgiu . | for November 4 to ask approval of P e Tk e X BRI A A rERhlisioy : orway, _ 4. creation of an authorized issue of 50,- So0 375166 52 compmme. Witk 105, %3y Dl Lack & W i 222 ; n .)"'?'-"tsfidm?m".(}k‘ R o o e e HARRY . 0889 i September, 1936, accord- 2% Den&Rio GW pt(r). 15% 6% N Y Shipblde.__—. 6 50 TONS OF LEAD SOLD. | 3% Syivieriand. 2 e ol "B, | cumulative preferred siock. Tt s || ing to the Daily Bond Buyer. The| 23 10 DlamondTMot(1). 2 4% 1% Norfolk Sou (F) .. I NEW YORK, October 0 (P)—St, |Lal: Cuechoniouaiie: 5 siavia. | planned to offer 20,000 shares to in- s 2 -Seag . 17% 7 North Am Aviat_._. % anes B total for the first nine months of 26 Doehler Die(1.508) . 34% 19 North Am (.908) .o 19% Joseph Lead Co. reports 50 tons of pig Rumluh 768: Ar%eg 2. nm Br creasing working capital, for addi 2 2 1 8.80%n; Tokio, f i 1037 is $795,055,966 .s compared with 36% Dome Mines(4.508). . § 104 97% North Am Ed pf(6). 97 lead from Southeast Missouri mines Kong, 31 ARl tiona! inventories and accounts re- 010;15th ST N W._ME 0190 $008,810,557_for the same period 1ast| 771 32% Douglas Alrcraft... 15 39% 38% 86% 164 Northern Pacifi 16% é s0ld yesterday at $5.85 per 100 pounds, fl“’{}{,fi.‘!',l’.‘;"‘fis gfflgfik. 100.09%; New York | cejvable. Balance will be subject to AW_ S year, 159% 103 Dow Chem (3.35§) - 4104 102 102 -8 6% 2% Norwalk T&R._._. 2 8t. Louts. » n—Nom! future issuance. T