Evening Star Newspaper, October 16, 1937, Page 12

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., SATURDAY, OCTOBER 16, 1937 = Manager of New York State Association Started Ca- reer in 1911. Prev 1937 Stoc! es— l‘fi High. Low. Dividend Rate. Add 00 High, la' Close. ehle High. Low. Dividend Rate. Add 00. High, lclr, clon :hl. Hllh Low. Dividend Rate, Add 00. High, Low. Close. chge. High. Low. D!vmrnd Rate. Add 00 High. Low. Close. 108 943, Consol Edis pf (5). 95 94% 95 20%4 9 Keystone S&W (1). 11 8% - % 2'4 Reo Motor 48 2% 2% 2 - W 597 Acme Steel (¢) ... 585 581y 584 5% 1% Consol Film. 17 1% 9% 2l Kinney (G R) 3 2% Z‘A. - 18% Republic Steel . 19% 18% 11x Air-Way El Ap . 1% 14 Consol Textile (r).. 2Th % Richfield Oil Corp.. 53 5 i i i L i Earlier Gains of Fractions to $2 or More Reduced 10 Adams Exp (.30g) Y 10% 183, 85% 14 Kinney prpt 14% 14% 15% Revere Copper & B. 16% Safeway 6% pf (6) 108 or Canceled. 9'5 Alaska Jun (.80a 4% Consol Coal . 24 t 15% 1% Alleghany 19 Consol Coal pf 2 27% 13% Lee Rub& T 1. 13% 15 Alles pf $30 ww _ 16 Container (1.20)__. % 158 51% 18% Lehigh Port C (1%) 18% 19% Alles Steel (1.20g) .. 10% Contl Baking A. 203 108 Leh PortC pf (4) . 8% Allen Indus (1 1% Contl Baking B____ 3% 1 Lehigh V. 2812169 Allied Chem (6) 48 Contl Can (3) Lenigh Valley Coal. FINANCIAL 19% Addressog (1.40) 24 13% 6 15% 6% Kresge Dep Store: 6% 6% — 15 Reynolds Met (1) 156 113 103 Safeway 1% of (1) 70 A e TNaNen TR DVINING SPAR, WASHINGTON, D. 0. SATURDAY, OOTOBER 15 ws. __ wimAwenn. . BROWNTOHEAD TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE STOCKS IRREGULAR By Private Wire mnéccx to The Star. Prev. 1037 Stock and Prev 1937 Stock and Bales— -« Prev 1937 Stock and Bales— Net 57% Air Reduction ( 4 10% 3% Consol RR Cubl UL % % 24% 16Y% Kroger Groc (1.60). 16% 16 + 45% Reynolds Tob B (3) 45% 5! 1'% St L-San Fran (r) .. § 25 sass BY EDWARD C. STONE. W. Gordon Brown, executive man- ager, New York State Bankers' Asso- T4 8!‘- 13 Allied Kid (1a)_ 15 Allied Mills (2g) - 9% Allied Stores (.20a) 57 Allied Strs pf (5)__. 3 10t Contl Diamond 1% g 267 Contl Ins (1.60a) . 1% Contl Motor 303% Contl Ofl(De)1%g. 4% Lehigh Val Coal pf. 6 Lehigh Valley RR. 27% Lehman Corp (1a).. 12! Lehn & Fink (1%)_. 29% Lerner Stores (2a). 2% St L-San Frn of (r) 29% Schenley Distill(3) 1 Schulte Ret (r) .. 6% Schulte Ret S pf(r) 7% Seaboard Air L (r) Stock Averages clation, just elected president of the| 831 431 Allis Chalm (2g).. State Secretaries Section of the Amer- | &% 2!, Amal Leath . ican Bankers' As- 671 Amerada @ ‘s Am Bank Note - sociation, started : e LT s Tenkios o ; : 8615 Am Can (4a) reer as a junior 22 AmCar & Fy (Xg). clerk with the 104% 49 Am Car& F pf (4g). Hartford Trust 5 33% 1815 Am Ch&Cable 1g... Co., in Connecti- 23% 6 Am Colortype - cut, during the 14'% Am Comcl Alco Summers of 1911 33% 15% Am Crys Sug 8.25g. 145 Contl Steel (1) ._ 50l5 Corn Exchange (3). 7 Corn Prod (3).. . 46 Lib-Ow-Glass (3g) 8 Libby MeN&L 1.40h 851 Ligg & Myers (4a) . 4 Coty = w 4 86 Liggett& M B (42). 27 CraneCo . 2 28 Lima Loco (1g) 84 Crosley Radio.. 41% Link Belt (2) __ 357 Crown Cork (2) 17% Liquid Carb (1.60a) 25% 11Y% Crown Zeller (Kl). 62Y% Loew's Inc (fg) 81% 33 Crucible Steel - 110 104% Loew's pf (6%) 135 102 Crucible St pf 5% k- 3% 1 Loft 3 “a Cuba Co - 75% 3414 Lone Star Cem (3 3t Cuba RRpt 2 10% 215 Long-Bell A 2! Seaboard A L pf (r) 23 Seaboard Ofl (1) 65 Sears Roeb (3) __. 17 Servel Corp (1a) .. o poovwenma~Remnnn~ nu"un mu; mu !l.uru Net change. + .4 Un 2 Today, close €9.9 231 '335 489 20% Sharon Steel 1.3 Previous day 695 23.1 336 487 7414 Sharon Stl pf (5) Month ago. 823 204 317 517 5% Sharp & Dohme ___ 435 526 717 5% Shattuck FG (.60).. a3 6 49.5 540 753 28 Sheaffer Pen 2.25g.. 3 V. 231 336 487 15% Shell Unton (14g)_ 435 537 128 5 Shell Un pf (5%) 30’2 434 557 e o 2 £ Silver King (.90g).. 4 b i UL IS =15 e -1 i % and 1912 3 . 1315 314 Am Encaustic Til _ Born in Ger- mantown, Pa., in 1892, he grad- uated from Yale in 1914, From 1915 to 1917 he was with the Equitable Trust Co. in New York, spending the two succeeding years in Yokohama, Japan, in connection with the International Banking Corp. He returned to New York and was connected with an investment banking firm in 1931 when elected to his present post During the past year he has served 8s vice president of the State Secre- tary Section. He is married, has three sons, is a Republican and re- sides in Wyckoff, N. J. Bankers to Meet Monday. Members of the District Bankers' Association will hold the annual Fall meeting next Monday afternoon at 4 o'clock in the board room of the American Security & Trust Co., Presi- dent Thomas J. Groom presiding. Rufus Lusk will be the guest speaker and address the financiers on “Facts and Figures About Washington Real Estate, Yesterday, Today and To- morrow.” President Groom will review the ac- tivities of the association so far during the present administrative year and | some sort of resume of the high lights of the Boston convention is likely. Certain committee reports are also on the program. Special badges will be presented to the section chairmen for the pres- ent year, Harry L. Downey, auditors’ gection; Irving Zirpel, fiduciaries’ sec- tion, and Mrs. Helen R. Sharpe, safe deposit section. Chorpening Leaves District. Bankers in the financial district to- day expressed geleral regret over the | departure of I. I. Chorpening, chief mational bank examiner for the fifth Federal Reserve district, who has been transferred to a somewhat similar po- sition in New York and already as- sumed his new duties. Mr. Chorpening had been chief ex- aminer in this district, which includes all national banks in Washington, Maryland, the Virginias and the Car- olinas for several years and was widely known in financial circles. He had at- tended many conventions of the Dis- trict Bankers’ Association as an hon- ored guest, as well as many of the annual Spring dinners at the Colum- bia Country Club. He will be much missed. His transfer is of more than ordi- nary importance as the controller of the currency, in the interest of econ- omy, has abolished the fifth district examiner's former office and placed the work under other officials. Fur- ther information from Treasury re- garding future plans is awaited with ‘more than ordinary eagerness. W. Gordon Brown. . Insurance Agency Leads U. S. ‘Wilner Bros, general agents for the State Mutual Life Insurance Co. of Massachusetts, passed all the com- pany's other agencies in the United States in the ratio of net gains in business in the last nine months, accord- ing to word re- ceived from Wor- cester today. The Washing- ton office also an- nounces that Philip King, jr, David Mo n dzac have become as- sociated with the staff. Philip King s a member of one of the pioneer mer- chant families of the city and is a Princeton graduate. He is the son of Philip King, retired merchant, who is still remembered as an all-America quarterback of Princeton foot ball fame a generation ago. David Mondzac was managing editor bf the National Jewish Ledger for five Wears, as well as editor and publisher ©f the Washington Jewish Review for two years, and has been deeply inter- ested in the National Symphony and Children’s Theater movements. New Depression Held Unlikely. David Mondzac. 133, 687 58 105, 154 6715 K& 261y 567% 2574 187 99 9974 15015 20 294 14% 79 20 6913 24% 94z 551y 29 37 1161 1815 52% 94 133 184 364 9y 9 238, 40’3 e 115 283, 15% 301, 283 9% 191% 129% 100 41% 48% 128 41% 24% 141 868 312 Am & Foreign Pow_ 25% Am & For Pw $7 pf_ 9 Am& For Pw 2d pf 12 Am-Hawailan S (1) 3ls Am Hide & Leath 24'2 Am Hide & L pf (3) 1% Am lce oY 15 Am lee pf (1.50g) . 7% Am International 20'3 Am Locomotive - 75 Am Loco pf 134 Am Mach & Fy (1)_ 419 Am M & Met (.60) 29': Am Metal (%g) .. 4% Am Pow & Lt 34 AmP&LS$5pf (5) 41 AmP&L$6pt (6). 11% Am Rad & St S(.60) 23% Am Rolling Mill (2) 78 Am Roll Mcvpt 4% 14% Am Seating (%g)-. 85 Am Shipbldg (2a) 5613 Am Sm & Ref (4g) 134% Am Smelt pf (7) 49 Am Snuff (3a) 27% Am Stl Foun 1.50g 12 Am Stores (1.50g) 30% Am Sugar Ref (2) 16% Am Sumatra (1a) 149% Am Tel & Tel (9 70 ~ Am Tobacco (5) 70% Am Tobacco B ( 128% Am Tob pf (6) .. 6 Am Type Fdrs ____ u Am Wat Wks (.60g) %« Am Woolen % “% Am Woolen pfl:k)_ 5! Am Zinc L& S 30% Anaconda (1.25g) _ 46 Anacond W (2.50g) 14 Anchor Cap (.45g)- 102 Anchor Cap pf 6% - 10 Andes Copper . _ 6% Armour IIl (.55g 70 Arm I11 pr pf (6) . 35 Armst'g Ck (1.50g)- 7' Arnold Const (%g). 4 Artloom 8% Asso Dry Goods____ 4213 Atch T&SF (28) . 27 Atlantic Coast Line 8 AtlGulf & W Ind._. 20% Atlantic Refin (1) __ 101% Atl Refining pf (4)- 9% Atlas Corp (.80) __. 445 Atlas Corp pf (3) _ 56 Atlas Powder 2.50g 113% Atlas Pow pf (5) __ 6 Atlas Tack (.508) 8 Auburn Auto 2 Austin Nichols 2% Aviation Corp _ 813 Baldw Lo ctfs w. 124 Balto & Ohlo 15 Balto & Ohio pf_ 15% Barber Co (%g) 14 Barker Bros 294 Barker pf (2%)_. 14 Barnsdall (1) 11 Bayuk Cigar .56%g 110% Bayuk 18t pf (7). 16% Beatrice Cr (1a) 7% Beldin-Hem (1) 12% Bendix Aviat.75g 174 Beneficial Loan (2g) 55% Bethlehm Stl 2.50g_ 16 Beth St15% pf (1) 96 Beth St17% pf (7)_ 33 Bigelow-San (3g)__ 18 Black & Deck (1a)_. 124 Blaw-Knox (.708)—. 21% Boeing Airpl 29% Bohn Alum (2.75g). 80' Bon Ami (A) (4) __ 17% Bond Stores (1.60) - 20 Borden (1.60) _ 32% Borg-Warner (2)._ 4% Boston & Maine 114 Botany C M (A) 10! Bridgpt Brass .65g . 27 Brigss Mfg (2.50g). 35 Brizes & Strat (5) . 34 Bristol-My (2.408) 9% Bklyn-Man Transit 32!5 Bklyn-Man pf (6)__ 2 BKlyn & Queens __ 20% Bklyn Un Gas 2.30g 8% Brunsw-Balk .50 9% Bucyrus-Erie .25g_. 47 Budd Mfg _ 4 Budd Wheel (.20g)- 18 BullardCo (1) ... 33 Bulova Watch 81 Burlington Mllls(l) 21% Burr Ad Mch(.65g). 2% Bush Term (r)____. 9 Bush T 7% deb (r)_ 8% Butler Bros (.60) . 21% Butler Bros pf(1%) 3 Butte Copper & Z.. 10 ByersCo 35 Byers AM pf 2.50k_. 16! Byron Jackson (1g)- 24% Calif Pack (1%4a)_ 1% Callahan Z-La . __. 7% Calum & Hec 1.10g- Campbell Wy (1) Canada Dry G Al Canadian Pacific Cannon Mills 1%g. 103% Case (J I) (6g) 110% Case (J I) pt (7) 6413 Caterpillar Trac(2) 229 Celanese (2.25g) .. 214 Celotex Corp 1.20g. 314 Central Fay - 10% Central RRNJ __. 5 Central Violeta Sug 5% Century R M (.40g). 47% Cerro de Pasco(4a) - ar 4' Cuban-Am Sugi 19!3 Cudahy Packing.. 6 Curtls Pub 54 Curtis Pub pf (7 3% Curtiss-Wright 11% Curtiss- Wright A-_ 48 Cutler-Ham (2g) ... 9 Davega Stores (1a). 14 Davega Stpf (1%)- 8513 Deere & Co (28) .. 143 Deisel-Wem-G (1a) 17 Del & Hud 8! Del Lack & W 2 Den&Rio GW pf(r). 9% Detroit & Mac = 124 Det & Mackinac pf_. 22 Diamond Mat (1a) . 12 Dist Corp-Seag . 21 Doehler Die(1.508). 3614 Dome Mines(4.508). 6'3 Dominion Strs - 32% Douglas Alrcraft 159l¢ 101 Dow Chem (3.35g) - 8l 2'4 Dunhill Intl - 180% 124% Du Pont deN(4%g). 135'% 130% Du Pont deb (6) _. 115'% 110 Duquesne 1st pf(5) 17 5 FEastern Roll ____. 198 151 Eastman Kodak (8) 3T 16 .b, Eaton Mfg (1%g)-. Eitingon Sch o 23». Elec Auto L(2.20g)- 6'x Elec Boat ... Elec & Mus (.18 Elec Pow & Lt __. Elec P& L $6 Df«... Elec P& L pf 4 Elec Stor Bat (2) Elk Horn Coal (r) .. <1k Horn C'1 pf (r). El Paso Nat G (2) .. Endicott-John (3) _. Endicott-Joh pf(5) Eng Public Service. Equit Off Bldg - % Efle RR —_oeeee Erifelstpf __ - ErieRR 2d pf. Eureka Vacuum Cl. Evans Prod (1) ___ Exchange Buffet__. Fairbanks Co . Fairbanks pf Fairbanks Mrse(1a Fajardo Sugar(3g) . Federal Lt & Trac . Fed Lt&Trac pf(6). ¥ederal Motor..... Federal Screw .. Federal Wat Sve A Fed D Str pf (4%) Fid Phoenix(1.60a). Firestone T & R(2) First Nat Strs(2%) Flintkote (1) Follansbee Bro: Food Mach (2.50a Foster Wheeler _ Francisco Sugar . Freeport Sul (1g) - 1041 Freeport Sul of (6) 22i Fuller Co pr pf. 10% Fuller 2d pf._ 2% Gabriel A ___ 5% Gair (Robert) 25% Gair (Robt) pf 13% Gamewell 6% Gar Wood Ind (“l) 6% Gen Am Inv 39% Gen Am Trns(1 ‘i‘) 7‘& Gen Baking (.60) '« Gen Bronz lO'm Gen Cable 23 GenCable A 25 152 110 GenChzarvf('l)._ 6474 44k 3 38% Gen Elec (1.20g 30'% Gen Foods (2. 1 GenG&EIA 53 Gen Mills (3) _ 117 Gen Mills pf (6 40 Gen Motors (2% Gen Mot pf (5) 5% Gen Out Adv % 12 Gen Prtg Ink(.608) 17 Gen Pub Sve 21 Gen Ry Signal (1)__ 1% Gen Real & Util ____ 16 Gen Real & Ut pf- 27 Gen Refract (2h) 22 GenStlCastpf __. 14% Gen Theater Eq.75g 13% Gen Tire&R (.50g) . 10% Gillette Saf R .75g.. 104 Gimbel Br 56% Gimbel Bros pf (6)- 28% Glidden Caq (23) .. 4 Glidden rts Oct 25__ 2'4 Gobel Adolf__ B 314 Goebel Brew (.20a). 18 Goodrich (BF) 18 20% Goodyear T&R 1.505 415 Gotham SflkH __ 70 Gotham Silk pf (7). 1% Graham-Paige.... 3% Granby Consol.. 113 Grand Union 13% Grand Union pf 2k.. 1914 Gran City St 1.50 _ 28Y% Grant (WT) (1.40a) 29% Great Nor Ry pf .. 12 Grt Nor Ore ct(%&) 29 Grt Wst Sug(2.40a) 20 Green (HL) (1.60a) 10% Greyhound (.80) _ 1% Guantanamo Sug. 12 Guantanamo pf 6 Gulf Mob & Nor 27 Hack Water (Xg! 26'% Hack W pf A (1%)- 6'% Hall Print___ 23 Hamilton W (L.25g) IRAEN © FEFEFEELIE T+t ++1+010 Y - ® 3 - S 43% 28% 28% 29% 12% 174 4% 121 90 28% 1815 Loose Wiles 1.60g Lorillard (P) (1.20) Louisv GE&E A 1% Louisv & Nash(5g). Ludlum Steel (1) _. McCall Corp (1.50) McCrory Strs McCrory St pf (6) 17% McGraw Elec (1) 1 1 .5TH%e. Mcintyre Pore (2). McKeesport T (2) McKesson & Rob _. McKess & R pf (3). McLellan Strs.95g. Mack Trucks (1) __ Macy (R H) (2a) _. Mad Sq Gar (1.15g). 55 Magma Cop (1%g) - Manatl Sugar (r) .- Manati Sug pf (r) Man Ry mod gtd(r Manhat Shirt (1) Maracaibo Of1 Marine Midl (.40a)_ Market St Ry pf Market St Ry pr pf. Market St Ry 24 pf. Marlin Rock (2) 4 Marshal Fleld Martin (Glen) 4 Martin-Parry .. Masonite (18) _ Math Alkall (1%) Maytag Mead Corp (1g) Mead Corp pf (6)_ Melville Shoe (5) .. Menger Mengel 5% pr( 2%) Mesta Mach(2.75g) - Miami Copper Mid-Cont Pet (3g) Midland Steel (2) _ Midland St1 1 pf(8) Minn-Hon Reg (3)_ Minn-Hon pf B(4) .. Minn-Mol Imp M StP&SS Mar pf__ Minn StP&SSm LL. Mission Corp (1g) Mo-Kan-Texas Mo-Kan-Tex pf.. Mo Pacifie (r) . Mo Pacific pf (r) Mohawk Crp(1.20a) Monsanto Ch 1%g Montgom Ward(2a) Morrell & Co .. Mother Lode __ Motor Prod (2.50g) Motor Wheel (1.60) Mueller Brass (1a). Mullins Mfg (B) Murphy (G C) 3.60- Murray Corp _ Natl Aviation __ Natl Biscuit (1.60) . Natl Bnd & Inv 1.44 Nat Bond & Sh(1g)- Natl Cash Reg(1g) . Natl Dairy P (1.20) Natl Dept Strs__... Natl Distil] (2) ceae. Natl Gypsum Natl Lead (%) Natl Mal'able 1 Natl Pw & Lt (.60) . Natl Ry Mex 1 Natl Ry Mex Natl Steel (2.5 Natl Supply. Natl Supply pf 3%k Natl Tea (.30g) .. Natomas (.80) ._ Newberry JJ (2.40) Newp't Indust (2g). N Y Air Br (1%8) - N Y Central N Y Chi & St Louls N Y City Om 2.40g_ N Y Dock g - N Y Dockpf __ N Y & Harlem (5) Y Investors (r) YNH&H(r) __ YNH&H0f (r). Y Ont & West (r) Y Shipblds 40 N Y Shipbildg pf. 73 NY Steam $7 pt. 1 Norfolk Sou () ... 6% North Am Aviat___. 17% North Am (.90g) 13 Northern Pacific. 34 Northwest Tel (3) 2 Norwalk T&R' _ 20% Norw Tire pf 3%k. 12 Ohio Ofl (%g) 325 Oliver Farm 8% Omnibus __. 7% Oppenheim Col %g- 22 Otis Elevator .80g-. 10% Otis Steel 77 Owens-111Gl 1%g-. l?h Pac Am Fish (1.20) PacCoast _____... Pac Coast 1st pf._.. Pac Coast 2d pf_ Pac Gas & El (2) Pac Lighting (3a Pacific Mills(13%g). Pac Tel & Tel (8) __ 14% Pac West O1l (.65e) 5% Packard Mot(.25g)- 8 Pan-Am Petrolm__. 1% Panhandle P&R (r) 49% Panhan P&R pf (r). 43 Paraffine (3g) ... 13% Paramount Plet. N N N 1 N N (ERE SN NN 1++1+1) I+ =58 8L T+ + L EEESE % Simmons Co 1.75g __ Simms Petroleum. . Simonds Saw (.50g) Skelly Oil (1g) Sloss-Sheffleld S& 1 Sloss-Sheffield pr(6 Smith (A O) e Smith & Cor (1%g). Snider Pack (1%8). Socony Vac .508) Sol Am pf ww 6% __ Sou Am G & P 205 . South P.R.Sug (2a) Sou Cal Edis (1%a) Sou Pacific Southern Ry Southern Ry pf . 4 SoRy M&Oct (4 Spalding Spalding 1st pf. 7 Sparks With_ Spear & Co.. 4 Sperry Corp (. SDI)_ Splcer Mfg (2g)- Spiegel, Inc (1) Spiegel pt (434) Square D Co (.9 Stand Brands (.80). Stand Com Tob ... Stand Gas & El (r) - Stand G & E pf (1) Std G&E $6 prpf(r) 4 St G&E 1% p pf(r). Stand O1] Calif (1a) Stand Oil Ind (1a).. Stand O1I NJ (1a) . Sterling Prod(3.80) Stewart-Warn(%a) Stokely Bros 1.20g. % Stone & Web._ - % Studebaker Sun Ofl (1a) . - Sunshine Mng (3) .. Superheater (1.75g) Superior Oil 16% Superior Steel Sutherl'd Pap 1.60a. Sweets Co - lzh Swift & Co (1.20). 25'3 Swift Intl (2) e 81 Symington ww .60g. 7 mington xw .60g. 715 Talcott Inc (.60a) _ 46 Talc pte pf (2.75a) 5% Telautograph (.60). " Tenn Corp (%g)- 41t Texas Corp (2) .. 3% Texas Gulf Prod 29% Tex Gulf Sul (2a).. 8% Tex Pac C&O (.40). 6's Tex Pac Land Tr... 6 The Fair __ 4 Thermoid .. 1% Third Ave - 16'3 Thomp Prod 1.40g .. 2 Thompson-Star . 8% Thompson Starr pf. 14% Tide-Water As(1a). 13% Timk-Det Ax .60g . 44 Timken Roll B(3a 12% Transamerica Corp. 7 Trans & West Afr _ % Transue & W(.30g) 4% Tri-Cont Corp (%g) 9513 Tri-Cont pf (6) .. 67 Truax-Traer (.80).. 10 Truscon Steel .___. 25% 20th Cent-F 1.50§. 4% TwinCity RT _ 41's Twin City pf (Tk) . 10% Twin Comch (.30g) .. 1'3 Ulen & Co 62 Und'w'd-El-F 3. 25', 12 Union Bag & Paper . 79% Union Carbide 3.20g 20 UnOil of Cal 1.10g . 92 Un Pacific () 23'5 Un Tank Car (1.60). 19 Unit Afrcraft (% 9 Unit Air Lines - 1815 Unit Biscuit (1.60)_ 63 United Carbon (4a) Unit Corp ——— Unit Corp pf (3)- Unit Drug (%g)- Unit Elec Coal Unit Eng&Fy 1. 50‘ Unit Fruft (3) Unit Gas Imp (1) _ Unit Paperbd (.30g) U S Distrib pt - U S & Foreign Sec . US & For'n 1st (6) . U S Freight (1%e). USGypsum (2) .. S Hoffman Mach . S Hoft M pf (2%) Indus Alco.. Leather__. Leather A___. Rubber 1st daadadacda nununnn® U S Steel of (7) Unit Stockyds (%) Unit Stores A _____ Unit Stores pf_ 4 Univ-Cyclops St(1). Univ Leaf T pf (8)._ Univ Pictures 1st pt Ul P&Lt A (r)... Vadsco Vadsco Sales Df Vanadium Steel ... Van Raalte (2%g)-. Va-Caro Chem __ Va-Caro 6 pf(1%k) Va El & Pwr pf(6).. et @ mon AharnlfRaBe-5Z80w - 2% 25% 20% 22% 13 1+ 11+ (B EE SR 28 JESRN 1+ [ g 8.7 239 169 1929 high.. 146.9 153.9 184.3 157.7 1927 low.... 516 953 61.8 618 *New 1937 low. (Complled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financia: Writer NEW YORK, October 16.—Stock market traders stepped back into the buying arena in today's market and many issues recovered fractions to 2 | or more points of their recent sharp losses before tripping over late sel Activity picked up substantiall with the ticker tape occasiona speeding its recording mac 3 Offerings in volume hit the list in the concluding half hour and extreme gains were reduced or canceled in numerous cases. Brokerage explanation of the early | comeback largely centered on revival of hopes Federal authorities will pro vide a cushion for falling prices by easing margin requirements and that the special session of Congress may | take notice of the financial gloom by at least amending the much-criticized capital gains and undistributed profits | tax laws. Helpful also was lessening of tension in Europe following agreement of Italy to withdraw part of her forces from Spain. Chrysler was a feature of the brief sesslon, rebounding more than 3 points at the best after a drop of 10 in the last two days. Coppers exhibited strength, along with specialties. Steels, rails, oils and utilities were relatively narrow. Transfers approximated 1,300,000 shares. Business news furnished little am- munition for either side, but expan- sion plans attributed to several cor- porations were seen as cheerful straws in the wind. Shares favored most of the time— although a number slipped at the close—were Inland Steel, Youngstown Sheet & Tube, United States Rubber, Goodyear, ~ Anaconda, Kennecott, Cerro de Pasco, American Smelting, St. Joseph Lead, Howe Sound, Ameri- | can Metal, Du Pont, Westinghouse, General Electric, Allied Chemical, Montgomery Ward, Sears Roebuck, Deere, Boeing, American Telephone, Consolidated Edison, Amerada, Con- tinental Oil, Coca-Cola, Cork Crown, Chesapeake Corp., International Busi- ness Machines, Johns-Manville, Lig- gett & Myers “B,” Paramount and New Haven Railroad. In the hesitant division were United States Steel, Bethlehem, Crucible, Douglas Aircraft, North American. Phillips Petroleum, Standard Oil of New Jersey, Sagta Fe, Northern Pa- cific. Union Carbide, Continental Can, Loew’s, Zenith Radio and Brooklyn- Manhattan Transit, NEW YORK COTTON | By the Associated Press. NEW YORK, October 16.—Cotton futures opened steady, up 8 to 14 points on higher Liverpool cables trade and foreign buying. Decembe 8.33; January, 8.35; March, 8.33; May 8.35; July, 8.36; October (1938), 8.52 The initial advance carried several Ppositions into new high levels for the movement and attracted enough profit taking to cause partial reactions dur- ing the first half hour. Offerings were comparatively light, however, with only a small volume of Southern selling. The undertone was steady. March sold off from 8.34 to 8.28, leaving quotations generally about 4 to 9 points net higher. Further light frosts in northeastern sections of the belt and the report of the Dallas News that there was no likelihood of a further increase in the Texas crop because of the arrival of cold weather may have attracted a little buying. No rain was reported over the cot- ton belt, but next week's forecast pointed to rain early in the week and again toward the close in the eastern and central belts and rain during the middle of the week in the western sector. Cotton goods business for the week was estimated at 125 per cent of pro- duction but prices were reported to have lost midweek gains. 9 S % Va Ir Coal & Coke . 6). In his monthly review of business| 23% 6 Certain-teed A L Va Iron Coal & C pf « 58% 23% Harb-Walk (1.50 and financial conditions Leonard P.| 52, 34, Serain-teed 6% ne. 1208 17% 7 Hat Corp (.808 Ayres says: 111 107 Champ P & F pf (6) ; 8 24 Hayes Body. “It does not seem probable that the | 48 10% Checker Cab Mfg 15% 8 Hecker Prod (.60a). declines in business activity which are | 90% 44 Ches Corp (3) 39% 18 Hercules Mot (1) .. fow under way will develop into a real | 687 37% Ches & Ohio (2.80a) 185 110 Hercules Powd (6). 2] ‘gg": T ,'2 200% 100 Paramount 1 pf (6 7 7 26% 12 Paramount 2 pf(.60} Wabash Ry (r) ... December 34% 21% Park & Tilford (2)- ) January Wabash pf A (r)_ March ?’:: 'z"‘t = 4| it o] ParkeDavis1 20g . Waldort Sys(30g)- A 3 {;‘l:,{c 2 Walgreen (2) . P Oeto Walker H G&W(2)_ Walker HG&Wpf(1 Futures closed steady. 4 to hllnrr High. Low t po s : middling. 8. i 23 Holland Furn 1.50g. depression. Business men are anx- dously wondering whether a slowing down of such proportions as to con- stitute a new depression may not be on its way, for they are naturally ealarmed by the severity of the recent declines in security prices. The chief reason why their fears are probably unfounded is that we have not yet made a full recovery from the old de- Pression. “The long history of recoveries from depressions has given us the unvary- Ing rule that prosperity conditions are regained before a new depression be- gins.” Heard in Financial District. Declaring that while the current slump in the stock market may be due $o an oversupply of securities, although inflated securities were pretty well #queezed out in 1929, R. F. C. Chair- an Jesse H. Jones has reiterated his etatement that he has been unable to find any good reason for the extent of the downtrend. “Present quoted prices seem low from an investment standpoint; that 4, if we still believe in our country, and of course we do,” he declared. 1.“An era of falling interest rate is ‘hEld. and there is no prospect of any tise,” David Friday, economist of Washington, predicted in a talk before the American Life Convention in Chicago. ' ANACONDA CLOSES MINE. ; BUTTE, Mont., October 16 (#)— The Anaconda Copper Co. announced its Badger State mine here, one of the firm's larger properties in the Hutte area, was suspending oper- stions. 4% 1% Chi & East I11 () __ 131 4 32 118 48% 36% 29% 170% 25% 62% 112% 51% 2% Chi & East Il pf(r) 1% Chi Gt West (r) __. 3 ChiGt West pf (r). 15% Chi Mail Or (1%a). 1 ChiMStP&P(r). 1% Chi M St P&P pf(r) 2 Chi&NW() ... 4% Chi & N W pf (r)__. 11% Chi Pneu Tool __ 33 Chi Pneu T cv pf(3) 1% Chi R 1 & Pac(r)__. 2 CR1&P6% pf(r). 2 CRI&P7% pf (1) 9% Chi Yell Cab(1%g). 13% Chick Cotton Ofl. 5% Childs Co 70 City 1&F pt (6%). 3% City Stores -— 30 Clark Equip 4.30g__ 102% Clev El [1lu pf(43%) 28 ClevGraph B1%g. 33% Climax Molybd .90g. 16 Cluett Peabody (1). 115 Coca-Cola (3).. .. 11 Colgate-P-P (.50)_. 30% Collins & Alk (4g)_. 100 Collins & Atk pf(5).. 17 Colo Fuel & Ir (1g) 9 Colo & South - ll’i Colo & South 1st pf Col Brdcsts A 1.05g. 7108 Col Brdcsts B 1.05g. Colum G & El .45g .- ColG& El pf A (6). Col Pict vte (18) ... Col Carbon (4a) 44% Comcl Credit (4a) .. 47% Comcl Invest Tr(4) 99 Comel Inv T pf 4% 8% Comcl Solv (.60) . 1% Comwith & Sou. ... 3871 Com & Sou pf (3).-.. 5% Conde Nast 25 Congoleum-Nrn(2). 81 Conn Ry & Lt pf... 12% Consol Aircraft.. 6 Consol Cigar 72 Con Cig p pf ww 83 70 Consol Cigar pf(7). 25% Consol Edi (1.1 A 13% Hollander (1) 19% Holly Sug (2% &) 43% Homestake Min 4% 11% Houd-Her B (1%) 85 Househld Fin pf(5) 7 Houston Of1 —— 51 Howe Sound (3a)... 2 Hudson & Man _.. 5% Hudson & Man pf... 8 Hudson MOtOr..ee 2 Huop Motor . . .coee 10% Illinots Central. ... 22 Illinois Cent pf A... 7 Ilndian Refining . ... 24 Indust Rayon (2).. 113 133% Ingersoll R pf (6) - 181% 33% 6 18% 70 Inland Steel (42)._. 11% Inspiration Copper. 4% Insuranshar (.10g). 4 Interb Rap Tr new. 111% 100 Interch Corp pf(6). 11% 284 3% Intercontl Rubber.. 10% Interlake Iron .40g. 2% Intl Agricul 76 Intl Harv (2.50a)._. 162 144% Intl Harv pf (7). 16! 5% Intl Hydro-Elec A.. 4% Int Mer Marine ___. 7% Intl Mining (.46g)-. 44 Intl Nickel (1.508) .. 8 Intl Paper & Power. 40 Intl Paper&Pwr pf_ 3% Intl Ry Cent Am 41 Int Ry Cent Am pf_ 21 IntSalt (1%) . 20% Intl Silver 5% Intl Tel & Tel 13% Interstate DS 2.’ 75[_ 9% Intertype (.608) - 84% Johns-Manv (3a) 5 126 120 Johns-Manv pf (7). 136 46 29 27% 110 88 Jones&Lau pf 6.25k. 18% Kalamazoo 8 1.508_. 7 Kansas City Sou.. 16% Kansas City Sou pf. (J) .1.60g .. ss Kuth-A-o e 5.25K. sey-Hayes A ... 0!0 Kcl-B;yn WhB... 36% Kennecott (28) ... veaZ-SornvunnBivetrufneSelonERunnaad s -1 15 26 21 10s 132 132 7 T6% 74 6% Pathe Film __.... 11 Patino Mines -.... 3% Peerless (.30g) _ 384 Penick & Ford I’A‘ 78 Penney (JC) (3g)-- 2 Penn Coal & Coke _ 3 Penn-Dixie Cement 23% Penn RR (%8) .. 30% PeoplesGas Lt &C. 3 Peoria & Eastern._.. 11 Petro Corp (.90g) - 5 Pfeiffer Brew .90g). 27% Phelps Dodge 1%g_ 2% Phila Rap Tr (r) 4 Phila Rap Tr pf % Phila Read C&I(r). 70 Philip Morris (3)... T% Phillips Jones ____. 40% Phillips Pet (28) ... 3 Phoenix Hosiery... 1% Pierce Ofl pf —— 23 Pills Flour (1.60)... 31 PittsCoalpf ... 69 Pitts C& Ir pf(5) T4 Pitts Screw (.45g) 14 Pitts Steel. 2% Pitts United. 14% Pitts & W Vi 17% Plymouth Oil 1. 9% Poor & Co B 2% Porto Ric-Am T A_. 7% Porto R Am Tob B . 2% Postal T & C pf (r). 8% Press Stl Car .25 .- 23 PressStiC2pf2%. 49% Procter & Gam (2a) HBV’ 114% Procter & G pf (5) . 52% 2% 24% 107 35% Pub Sve N J (2.60). 30 Pullman (1%) ... 11 Pure Ofl . 91 Pure O1l 6% pf (6)_ 112'6 107% Pure Oil pf (8) ._ !'A 8 Purity Bak (.45 15 Quaker St Ofl (.7 7 RadiaCorp.. 57% Radio cv pf (’* )-- 4 Radio-Keith-O (r). 27% Raybest-Man(1%§) 22 Reading Co (3) ... bt} .Rq !I.lllfl (LU.I')— 23% Walworth Ward Baking A 4 Ward Baking B Warner Bros Pict. 4+ Warren Bros (r) __ Warren Br cv pf(r) Warren Fdy &P(2a) Waukesha Mot (1a) Wayne Pump (2a) .. Webster Eisenlohr. Wesson O & S (34a) W PennElA (7) __ West Penn El pf(6) 90% W Pen El 7% pf (7) 19 West Auto Sup 1.60 4 Western Marvland. 67 Western Md 2d pf.. 1 WesternPac. ... 21 Western Pac pf 29 West Un Tel 2.258 22% Westinghse Air (1) 167% 102% Westhse E1&M (3g) H 14% Weston El In .75g..... 3("/. 65 28% 14% Westvaco Chl (1)._ 25 Westvaco Chl pf 1% 29% Wheeling Stl 19 White Dental(1.20). % 11% White Motor 3 18% 6% 16% 6% 5% 12% 65% 47 112% 128 7% 37% 11 White Rk M Sp 1.40. 2% White Sew Mach._. 15 White Sew M pf 25 Wilcox Ofl & Ga: 4% Willys Overland. 5% Wilson & Co (%) . 39% Woolworth (2.40) .. 20 Worthington Pump 63% Worthington pt A__ 59% Wright Aero ... 63 Wrigley Jr (3a) 10% Yellow Truck . 46% 274 Youns Spring (3).. 101% 43! 8 Actual sales; unty of ‘trading ng 10 3, bankruptey o receiver 46 YgstwnSh&T (4)- 21 Zenith Radio (2g)-- 3% Zonite Prod . - l‘cllfl"u lhln sorganized under by s comp smed by anies. ares of dividends In the foregolne table ate Anmisl dis- bursements fon. lllel\lfl M Jear. fPayable year. b Cash o ‘l'llund xr Ex 1 tl. 4 rly or sémi-annual declara- Unless otht?:ll:h:u}#d m l’l’ extra dividends are not IM or, Plld,fi‘hr% k Aeflllllllllld dividend Cottonseed Oil. Bleachable cottonseed oil futures closed steady, 3 to 5 higher. Sales, 84 contracts. December, 7.53; January, 7.55; March, 7.55; May, 7.60. verpool Quotations. LIVERPSOL, October 16 (#).—Cotton, 17,100 bales. all' American. Moderate business in_spot: prices 11 points higher: auotations 1 pence: American. sirict good &: 8ood middling, 548 ict middling. 4.93; strict low Jow middling. 4.18: strict REAL ESTATE LOANS RESIDENCE and % SMALL BUSINESS PROPERTIES FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9392 Money for Col:lttrlttion Lulu an Loans on E5m7n7¢ Properties 0 FIRST DEED OF TRUST ONLY 643 Indiana Ave. N.W. Nat’l 0350 OFFICE FURNITURE WE SELL,BUY OR EXCHANGE Chairs Files Desks Tables Safes BAUM’S FURNITURE HOUSE 1416 Eye 8t. N.W. Phene NA. 2183