Evening Star Newspaper, October 20, 1937, Page 18

NING STAR, WASHINGTON, D. C, WEDNESDAY, OCTOBER 20, 1937. FINANCIAL. A—18 ¥¥% FINANCIAL. THE EVE 5o G WW——“———"'—'—L—_—_‘—“—“ R.F.C. IS READY 10 AID SOUTHERN Railway Chief Discloses Funds Will Be Available if Necessary. BY EDWARD C. STONE. 2f the Southern Railway does not secure satisfactory terms through pri- vate banking channels, the Recon- atruction Finance Corp. will loan suf- ficient funds to enable the com- pany to meet its 1938 and 1939 { maturities, Presi- dent Fairfax Har- % rison told the stockholdesws at the forty-fourth . annual meeting in Richmond yes- terday. Mr. Harrison announced & large vote in fa- vor of the no par stock charter amendment of 866,286 shares of common stock, or 67.19 per cent, and 363.482 shares of preferred stock, or 60.58 per cent. The total number of shares voted in favor was 1,229,768, while only 1565 shares were voted against. Further action by the stockholders is necessary before the amendment may hecome effective. for that reason | the meeting adjourned until DP(‘thPL 14, At that time provisions of the amendment will become final and will supersede all conflicting _pro- | visions of yie present charter, Presi- dent Harrfeon stated. John T. Watson of New \'m elected a rector for a term to fill the vacancy rauud by the death of Walter S. Case. Ernest E Norris of Washington, vice president of the Southern. was re-elected a di- rector for a three-year term. as were Guy Cary and Richard S. Rc)’nn!dsl of New York. i i Fairfax Harrison, Mr. Harricon said during the eight- month period ending August 31, 1937, s¢he Southern had an operating in- come of $11.501.338, an increase of £80.498 over the operating income for th> same period in 1936 Section Chairmen Appointed. The initial meeting of the 1937-38 fiduciaries’ section of the District of Columbia Bankers' Association will be | held on Thursday, October 28, at 6:30 p.m. in the Chinese room a' the May- | flower Hotel. Dinner will be served | and followinz a short business session | Jo V. Morg: ant corporation | counsel for t of Columbia, will addre: cently cnacte trict of 1937." inheritance Irving Zirps “the Dis- | revenue act of ! ilar reference to its ses | ar’s chairman of | the fducia section, today an- nounced appoin:ment of the follow- ing committee chairmen for the com- | Standardization, Leonard | . assisian® trust officer, Wash- ington Loan & Co.: standard- ized trust for am V. Simmons, trust officer, Liberty National Bank; education and publicity, Lester A Lawrence, assistant trust officer, Na- tional Savings & Trust Co.: taxation, Charles T. Akre, trust department, Riges National Bank: trust law and | legislation, Earl G. Jonscher, assistant v American Security Trust Co.; life insurance trust cent A. Sheehy. Ir.. a cer, Washington Loan & Trust Co.: trust investments, Willard G. McGraw, aasistant trust officer, Union Trust Co. | Auditors’ Section to Meet. The auditors’ section of the District Bankers' Association will hold the first meeting of the year tomorrow night at the Lafayette Hot with Chairman Harry L. Downey presiding Mrs. Constance F. Jones of the Riggs National Bank will address the section on operations of the collection depart- | ment. Arthur J. Linn, Hamilton Na- tional Bank. newly elected president | of the National Association of Bank | Auditors and Controllers, will report | on the Boston convention. | Brokers Honor G. M.-P. Murphy. ‘The funeral of G. M. P, Murphy, head of the New York Stock Exchange | firm bearing his name, was held in | New York at 10 o'clock this morning | and attended by four brokers from the | Washington office, A. Chester Flather, | C. C. Morgan, T. Baker Robinson and | E. R. Finkenstaedt. Col. Murphy died parly Monday from pneumonia. after 8 very short illness. Shortly after his death, the firm made the following an- | nouncement. | “In accordance the expressed | gish of our late senior partner, Col. Grayson M.-P. Murphy, the business of the firm will be continued by the surviving partners without interrup- tion and under the same name.” Exchange Opening Calm Today. ‘The rush to the Washington brok- erage houses continued today for the opening of the New York Exchange. The opening was irregular, with a ma- fority of the s r than they | closed yesterday. Trading was very sctive but without any of the excite- ment of yesterday's break. Interest in the market is astonish- ing, judging by the number of people watching the translux quotations and the number of telephone calls asking for information. Phone calls came in #o fast at one time vesterday that at least one firm could get no oumde1 lines for a long time. There appeared to be no lull in interest today and the advances in many stocks brought much more optimism. Cumberland Bonds Awarded. The City of Cumberland, Md., awarded to Stein Bros. & Boyce two bond issues totaling $80.000. The $30,000 of 3 per cent public works bonds brought a bid of 104.229. Alex- snder Brown & Sons bid 103.053 and ‘W. W. Lanahan & Co. bid 103.629. The $50,000 of 2'; per cent flood bonds were awarded at 98.559. Alexander Brown & Sons bid 97.263 and Lanahan bid 08.429. The Pennsylvania Railroad reports for eight months ended August 31 a net income equal to $1.38 a share (par $50) on the outstanding stock, against ® net income of $1.53 a share in the like period a year ago. Today’s Trading on Exchange. ‘Washingtor. Gas Light 5s, 1958, were gtrong on the Washington Stock Ex- change today., recording two $1,000 transfers at 1052, up half a point. Capital Transit stock held its own, small lots changing ownership at 9'2. Potomac Electric Power 6 per cent pre- ferred sold at 113 and the 512 per cent preferred moved at 111%. Washington Gas preferred sold at 99% and Lanston Monotype appeared on the board in a sale at 76, against the last sale at 80. Peoples Drug Stores common sold at 35, many points under the last sale several weeks ago. § TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:18 p.m, Bales—— 2 Net Add 00. muh Low. 2:55.chge. 13 W Tho+ % 4 l‘ 1374 +2% +8 +1 Net 2:55. chie 2314 42 10 +2 146 -2 151 + 1 T8% +5% Prev. 1037 Atock and High. Low. _ Dividend Rate. R84 10, High. Low. 45% 204 Otis Elevator .20K.. 15 23 24% 6% OtisSteel ... ... 21 146 1121 Otis Steel prpf (7). 108 28 14% Outboard M (2.50%) 103% 65' Owens-111 Gl 1%g-. 23 9% Pac Am Fish (1.20). 1M%< 1% 15% 2'% Pac Coast. B 4 +1% 40 7v. Pac Coast 18t pf ... 12 -3 Pac Coast 2d pf__ T - 1% Pac Finance (1.80)- 14 +3 PacGas & El (2) .. 25% +2 Tac Lighting (3 Pacific Mills(1% Pac Tel & Tel (§) _. Pac Tel&Tel pf (6). Pac West Ofl (.65e). Packard Mot(.258) - Pan-Am Petrolm__. Panhandle P&R (r) Panhan P&R pf (r). Paraffine (3g) Paramount Plet Paramount 1 pf {l) Paramount 2 pf (.60} Park & Tilfora 12)_ Park Utah . Tarke Davis 1. l\"g - Parker Rust-Pr 1%. Parmelee Trans. Pathe Film Patino Mines Peerless (.30g) Penick & Ford 1% g. Penney (JC) (3g)_. Penn Coal & Coke . Penn-Dixie Cement. Penn-Dixiepf A __. Penn Gl S'd et .50g... Penn R R (%K) Teoples Drug (1a Peoples Gas Lt & C. Peoria & Fastern._ .. Pers Marquette _ Pare Marq pr pf(3). Patro Corp (.30g) - Pfeifter Brew .60g). Phelps Dodge 148 Phila Rap Tr (r) Phila Rap Tr pf (r) Phila Raad C&I(r)._ Philip Morris (3) _ Phillips Jon pf (1)_ Phillips Pet (28)__ Phoenix Hosiery Phoenix Hos pf 3% Plerca Ol pf Pills Flour (1.60) Pitts Coal Pitts Coal pf Pitts Screw (45g)-. Pitts Steel Pitts United . Pitta & W Va__ Tittston Co Plymouth Oil 1.40 Pond Creek Foc (2). Poor & Co B Porto Ric-Am T A _. Porto R Am Tob K . Pastal T & C pf (r). Press Stl Car .25% Press SC1pf (%) Press StIC2pf2%. Procier & Gam (2a) Pub Sve NJ (2.60) . Pub S N .J $5 pf (5)_ Pub Sve N J pt (8 Pullman (1%) . Pure Oil Pure O11 6% pt (5) Pure Oil pf (8) - Purity Bak (.45g) . 12 Quaker 8t Ol (.708) PRadio Corp - » Radio cv pf (11&) - Radio-Keith-0 (r) Raybest-Man(1%g) Reading Co (2) Reading 2d pf (2) .- Real Silk - Real Silk pf. . L ~] Reis& Co . AT Ty Reliable 8trs (1) ._. Ed +1% Reliance Mf (.608)_ x 1% em Rand (1. uanA Reo Motor s Republic Steel . _ 9 Revere Copper & B. 2% Reynolds Met (1) Reynolds Spr (1) ... Reynolds Tob (3) Revnolds Tob B (3) Richfield Oil Corp Ritter Dental .75 Ruberoid (.60)_. Rutland pf_ Safeway Strs (2) _. Safeway Strs pf(5) Safeway 7% pf (7). St Joseph Lead(28) 8t [-San Fran (r) . St L-San Frn of (r) St I Southwn (r) Savage Arms(.758) Schenley Distill(3). Schulte Ret (r) Schulte Ret S pf(r) Seaboard Air L (r) Seaboard A L pf (r) Seahoard O1l (1) Seagrave Corp..... Sears Roeb (3) Servel Corp (18 Sharon Steel (1.20)- Sharp & Dohme Sharp& Dopf3lg. . Shattuck FG (.80)_. Sheaffer Pen 2 Shell Unton (%) - hell Un pf (5%) Silver King (.908).. Stock and Dividend Rate. Hecker Prod (.60a). Hercules Mot (1) . Heréules Powd IO). Hershey Choe (3)_. Hershecv pf (4a) ... Holland Furn 1.50g. Holland F pf (5j... Hollander (1) . Holly Sug (2%x). . Homestake Min 414 Houa-Her B (1%)._. Household Fin (4) . Houston Of1 .. — Howe Sound (3a)... Hudson & Man . ... Hudson & Man pf... Hudson Motor ca.. Hupp Motor 1linota Central. Tlinois Cent pf.__ +2% 111 Cent LL (4) 2 3 <3 Indian Refining W+ 4 Indust Rayon (2).. +3% Ingersol Rand(3 +3 Inland Steel (4a) +24 Inspiration Copper.. + 1% Interhoro Rap Tr . Interchem Corp(2). 12 Interch Corp pf(8)_ 1% Intercontl Rubber_. + 4 Interlake Iron .40&- 3% 8 Intl Agricus G 24 Intl Agri pr pf (3K). Rig Intl Bus Mach (6a). 65y Intl Harv (2.50a) Intl Harv pf (7). ... Intl Hydro-Elec A. Int Mer Marine Intl Mining (.45g) Intl Nickel (1.508) . T3 Intl Paper & Power. % Int] Paper&Pwr pf_. Intl Ry Cent Am_ __ Int Ry Cent Am pf.. Int Salt (1%) Intl Shoe (2).. Intl Silver_ . Intl Silver pf (8k)._ Intl Tel & Tel Interstate DS 2.75g Interst Dept pf (T). Intertype (A0g) . 1sland Crk Coal (2). Jewel Tea (4) . Johns-Manv (3a) Johns-Manv pf (7). Jones&Lau pf 5.25k. Kalam Stove 2 Kansas City Sou .. Kansas City Sou pf. Kaufmann Dep 1.60 Kayser (J) .1.50g - iKeith-A-O pf 5.25k- Kelsey-Haves A Kel-Hayes Wh B Kendall pf (6 Kennecott (28 Keystone S&W (1) Kinney (G R) Ijinney (G R) pt. Kinney prpf . Kresge Dep Stores.. Kresge (38) .90g - Kress (S H) (1.40) Kpozer Groc (1.60)_ J.aclede Gas pf. Lambert (2) stock and I Prev. 1037 Dividend Rate, | Add 00. Hieh. Low. 2:20. A 117 City lce & F (2) ... 14 128 14 42 70 City L& F ot (6%)- ln. 2 City Stores 24% Clark Equip 4.30g _ 23 ClevGraph B1%g. 82 Clev & Pitts (3%) . 2814 Climax Molybd .90% 1313 Cluett Peabody (1) x 934 Coca-Cola (3) 56% Coca-Cola A (3) . 81 Colgate-P-P (.50)_. 99 Colg-Palm pf (6) . 20% Collins & Alk (48) _. 100 Collins & Atk pf(5). 11% Colo Fuel & Ir (1g). 513 Colo & South . Prev. 1937 By Private Wire Direct to The Star. 2:15 p.m 4 High. Low. Prev. 1937 atock and High. Low. Dividend Rate. 55 38 Abbott Lab (1. 45 Acme Steel () 9 Adams Exp (.30g)-. 17% Adams-Millis (2)- 1613 Addressog (1.40) .. 114 Advance Rumley__. 53 Afr Reduction (1a)- 15 Air-Way Bl Ap .. 8 Alaska Jun.(.60a)_- 1 Alleghany . 11 Alles pf $30 ww. 1113 Alleg pf 340 ww. 10 Alleg pf xw_. 10's Alleg prpt-.._ 13 Alleg Steel (1,20, 9 6is Allen Indus (1 : 8 Colo & South 18t pf. 150 Allied Chem ( 18 Col Brdcsts A 1.05g. 12 Allied Kid (1a)_ 17+ Col Brdcsts B 1.05g. 10 Allied Mills (2g) - 4% Colum G & E1 458 - 6% Allied Stores (.20a) 6815 Col G & El pf A (6). 34 Allis Chalm (28) .. 10 Col Piet vt (1a) - 815 Alpha Portland (1). 27 Columb Picpf 2% 1% Amal Leath 75 Col Carbon (4a) - 20 Amal Leath pf (3)_. 331 Comel Credit (4a) - 624 Amerada (2) . - 39% Comel Invest Tr(4) 531y Am Ag C(Del)6%g- 5 Comcl Solv (.60) 10 Am Bank Note %g. 12 15 1 Comwlth & Sou . 56 Am Bank N pf (3) . ~ 34 Com & Sou pf (3)--. 28 Am Brake Sh (2g) .. 414 Conde Nast 125 Am Brake S pfflL 21 Congoleum-Nrn(2)- 791 Am Can (4a) Congress Cigar 15% Am Car & Fy (%l)_ 36 Am Car & F pt (48). 11% Am Ch&Cable 1g- 86 Am Chain pf (5) 90 Am Chicle (4a) 241 Am Coal of Alleg__. 5% Am Colortype ... 8% Am Comcl Alco . 12 Am Crys Sug 3.25 87 Am Crys Sug pf(6 2 Am Encaustic Til 2l4 Am & Foreign Pow. 17 Am&F P36 pf - 19 Am & For Pw $7 pf . 5% Am & For Pw 2d pf. 7% Am-Hawallan S (1) 21; Am Hide & Leath . 20'; Am Hide & L pf (3). 324 Am Home Pr (2.40). 1% Am Ice - 15 Am lee pf (1.50g) &% Am International 142 Am Locomotiv 53 Am Loco pf 10% Am Mach & Fy (1) 3 Am M& Met (.60) 29 Am Metal (%g) 54 AmNewsNY (3) 3 AmPow& Lt . 26 AmP& L35 pf (5). 31 AmP& L $6pt (6). 91, Am Rad & St S(.60) 12 Am Rolling Mill (2) 70 Am Roll Mcvpf 415 174 Am Safety Raz (2)_ Tt Am Seating (%g) 82 Am Shipbldg (2a) 4515 Am Sm & Ref (43)_. Am Smelt pf (7). 46 AmSnuff (3a) 22'3 Am Stl Foun 1.50g. 1013 Am Stores (1.508) 281, Am Sugar Ref (2) Am Sumatra (1a) Am Tel & Tel (9).. Am Tobacco (5) 6812 Am Tobacco B (5) 128! Am Tob pf (6) 44 Am Type Fdrs 8 Am Wat Wks (.60g) A4 Am Wat W 1Dpf(6)- iz Am Woolen 30 Am Woolen pf(3k)_ 3 AmZinc L&S 24% Anaconda (1.25g) 40 Anacond W (2.50g) 10 Anchor Cap (.458)-. 7 Andes Copper. 2% AP W Paper _ . 31 Arch-Dan-M 1.50g_ 4% Armour L1l (.558) .~ 66 Arm 11 pr pf (6) 30 Armst'g Ck (1.50g). 4% Arnold Const (%g). 2% Artloom < 6% Asso Dry Goods 75 Asso DG lstpf (§). 8213 Assoc In pf ww (5) Atch T& S F (2g) R11; Atchison pt (5) 18 Atlantic Coast Line 5 AtIGulf& WInd _. 9 AtlGulf&W Ind pf. 18 Atlantic Refin (1) $101% Atl Refthing pf (4) 7% Atlas Corp (.80) _ 3914 Atlas Corp pf (3) ', Atlas Powder 2.508. 33, Atlas Pow pf (5) __ 4l Atlas Tack (.508) 6l Auburn Auto . 2 Austin Nichols 214 Aviation Corp 5 Baldw Lo ctfs w.. 14 Balto & Ohio 10 Balto & Ohio pf - 30 Bang & Ar (23) 10' Barber Co (%8) 9 Barker Bros 20 Barker pf (2%)-. 10 Barnsdall (1) 91 Bayuk Cigar .56 %8 10813 Bayuk 18t pf (7) - 13' Beatrice Cr (1a) 9% Beat Cr pf ww 90%, Beech-Nut P (4a. 73 Beldin-Hem (1) Ri¢ Bendix Aviat .75g 15 Reneficial Loan(2g) 41 Bethlenm Stl 2.505 - 14 Beth St15% pf (1)~ 82 Beth St17% bf (7)- 30 Bigelow-San (3g) . 1315 Black & Deck (1a). 9 Blaw-Knox (.70g) 16 Boelng Airpl 21 Bohn Alum (2.75g 76% Bon Ami (A) (4) - 39 Bon Ami(B)(2.50) . 15 Bond Stores (1.60) - 17'x Borden (1.60) 24' Borg-Warner (2). 3 Boston & Maline_ i3 Rotany C M (A) (r) 181 Bower Roll B&(2g) - 7 Bridgpt Brass . 1R Rrigss Mg ( 33 RBriggs & Strat 29 Bristol-My (2.40 R Bkl Man Transit. 3213 Bklyn-Man of (6) 1 Bklyn & Queens_ 64 Bklyn & Q T pf 19% Bklyn Un Gas 2.30g 381 Brown Shoe (3) 6 Brunsw-Balk .50g 615 Bucyrus-Erie .25%. 941 Bucyrus-B pf (7). 214 Budd Mfg 19% 5 35 Budd Mfgpf 153 117 214 Budd Wheel (.208) - 5 3 1% 2% 10% Bullard Co (1) 3214 Al 26 Bulova Watch (4a) 65 14y 7 Burlington Mills(1) 521 221 15 Burr'gh Add M(1a). 6474 34 1% Bush Term (r) . 44y 281 8 Bush T 7% deb (r) EIN 10 Bush T Bld pf et(r) 657 48 514 Butler Bros (.60) _ 124 117 16 Butler Bros pf(13%) 70% 31% 2% Butte Conpartz.. 1225 113 6 ByersCo 15% 31 Gen Out Adv 24 Ryers AM pf 2.50k . 60 2112 Gen Out Adv A 124 Byron Jackson(1g). 6 17 3 19 ¢« 8l Gen Prtg Ink(.80 2015 Calif Pack (1%8). 5% Gen Pub Sve 1 CallahanZ-L4 .. 654 Gen Ry Signal (1) 4 Calum & Hec 1.10g- Gen Real & Util 104 Campbell Wy (1 14 Gen Real & Ut pf 9% Canada Dry G Al 18 Gen Refract (2h)__. 67 Canadian Pacific 1314 Gen Stl Cast pf 33% Cannon Mills 1%§. 915 Gen Theater Eq.758 74 Cap Adm A (%g) 20% Gen Time In (18) _. 1R Carpenter Stl 1.60g. 8 Gen Tire&R (.508) . 27 Carriers&Gen . R Gillette Saf R .758-. 89 Case (JI) (6g) 7% Gimbel Bros 129% 110 Case (J I) pf (1) 4914 Gimbel Bros pf (8)_ 100 Mlq Caterpillar Trac(2) 20% Glidden Co (2a) 4% Celanese (2.255) 45 Gliddencv pf (2%). 480 Celotex Corp 1.20g 4 Glidden rts Oct 26— Cent Aguir (1%a, 1% Gobel Adolf . s Central Fdy 2" Goebel Brew (.20a). Cent 111 Lt pf (43). 13 Goodrich (BF) 1 Central Violeta Sug. 50 Goodrich pf (5) 3% Century R M (.40g). 164% Goodyear T&R 1. 40 Cerro de Pasco(4a) - 313 Gotham Silk H 3t Certain-teed 60 Gotham Silk Df (7)_ 18% Certain-teed 6% pf 1% Graham-Paige. 291 Champ Pap & F (2) 3 Granby Consol.... 107 Champ P & F pf (6) 114 Grand Union._ 5 Checker Cab Mfg.__. 10 Grand Unlon pf 2k_. 41% Ches Corp (3) 18 Gran City St11.50 _ 31 Ches & Ohlo (2.80a) 25% Grant (WT) (1.40a) % Chi & East 11 (r) _ 2313 Great Nor Ry of . _ 2 Chi & East Ill pf(r) 10 Grt Nor Ore ct(¥% &) 1 ChiGt West (r) __. 23% Grt Wst Sug(2.408) 3 Chi Gt West pf (r). 15% Green (HL) (1.608) 101 Chi Mail Or (13%a). 7% Greyhound (.30) - “aChi MStP&P (r)_. 7% Greyhound pf (.55). 1% Chi M St P&P of(r) % Guantanamo Sug.. 1 Chi&N W (r» 17% 3% Gulf Mob & Nor- 3 Chi&N W pf (r)-—. 591 12 Gulf Mob & Nor D 6% Chi Pneu Too) - ... 4% Hall Print 1 CniRI&Pac(r) .. 19 Hamilton W (1.258) 1 CRI&P 6% pf (r). 101% Hamil Wath pf (6) . 1% CR1&P 7% of (r) 18 Harb-Walk (1.508)- 61 Chi Yell Cab(1%g)- 5 Hat Corp (.80 71% Hal orpnt (6%)- 14 Ha: Bod. 804 Huel-Auu Gl(sa). Bales- Add 00. High. 388, 48Y 0a). o +43 +34 +3% -3 + % +2% <1 +274 4 1 +5% +24% + % +8 27% a2 38 53% 444 152 149 923 12% 17 - +114 +114 + +1% 1 2R 1114 100 1My 2% 28'; 6 % 2 6313 181 189 132 120 63 162 144% 1674 15% 9 4% Consol Cigar_. 22 Consol Edi (1.60K) .. 94 Consol Edis pf (5) 1 Consol Film.__. 4% Consol Film pf__. 34 Cons Laundries 7 Consol Ofl (.80a) . 2% Consol RR Cuba pf- 4 Consol Textile (r).. 3 Consol Coal 801 Consum Pw pf 4. 10% Container (1.20) 74 Contl Baking A. 1 Contl Baking B..... 414 Contl Can (3) 5' Contl Diamond 1% g 23 Contl Ins (1.60a) ... " Contl Motor 24 ConllOll(Dll)l"l 93 Contl Steel (1) . 4R Corn Exchange (3). 53'% Corn Prod (3) ..... 8 ary Crane Co Crane Co cv pf (5) Cream of Wh (2g) Crosley Radlo Crown Cork (2) . Crown Zeller (%g)- Crown Zeller pf (5). Crucible Steel . Crucible St pf 53 k. CubaiCo . .- RRpf... . Cuban-Am Sugar Cuban-A Sug pf 18k Cudahy Pflcklhlw‘ Curtis Pub Curtis Pub pf 11) Curtiss-Wright Curtiss-Wright A s Cutler-Ham (2g) Davega Stores (1a '« Davega Stpf (1%)- « Deere & Co (2) s Deere & Co pf(1.40) Deisel-Wem-G (1a) Del & Hud Del Lack & W Den&Rio GW pt(r). Detroit Edis (68) - Detroit & Mac . Diamond Mat (1) Diam Mat pf(1%a). Diamond T Mot (1) Dist Corp-Seag Dist-Seag pf ww(5) Dixie-Vortex (1%)- Doehler Die(1.50g) . Dome Mines(4.508). Dominlon Strs Douglas Alreraft _. Dow Chem (3.352) - Dresser B (1e) Dul S S & Atl (r) . Dunhlill Intl Duplan Silk (1) Duplan Silk pf (%) . Du Pont deN (4% g) Du Pont deb (8) Duquesne 1st pf(5) Fastern Roll stman Kodak (8) Faton Mfg (1%g) .. Zitingon Sch = Flee Auto L(2.20%). h c Boat _ c & Mus (. lle)A » Flec Pow & Lt Elec P& L $6 pf ... Elec P & L pf Elec Stor Bat (2) Elk Horn Coal (r) . Elk Horn C1pf (r). El Paso Nat G (2) - Eng Pubiic Servic > vanBe-lisesElondTraRiuRavaanianrveBorriesaRuan ’ 12 27 a0 22 »3 £ - am 1500y Lehizh Port C (1%4) Lehigh Valley Coal. Lehigh Val Coal pf. + Lehigh Valley R R_ « Lehman Corp (18) Lehn & Fink (1% ) Lerner Stores (2a). Lib-Ow-Glass (3g) Libby McN&L 1.40h Life Savers (1.60a). Ligg & Myers (4a) . Ligkett & M B (4 « Lima Loco (18). Link Belt (2) Liquid Carb (1.608) Loew Loew’ +1 +a% iy + o +4 + % 128 1591 391 % Rl 171 11 122 112 1801 112% 13515 1201 11515 110 i ey 198 145 Longz-Rell A Loose-Wiles(1 60z) Loriliard (P) (1.20) Louisy GEE A 1% Louisy & Nash(5g). Ludlum Steel (1)__. MacAnd & F (2a MeCall Corp (119) - MecCrory Strs - 1y 114 124 114 131 130 130 110 11 4 A 159 162 7 A 130 112 ATa 1631y 21 MeGraw McGraw-H Mclintyre Pore McKeesport T (2 McKesson & Rob __ McKess & R pf (3) Meleilan Stra(95g) MeLellan pf (8) __ Mack Trucks (1) Macy (R H) (2a). Mad Sq Gar (1.15g). 2 Magma Cop (1%K) - Manati Sugar (r) Manat} Sug pf (r)_ Mandel Bros (1g) Man Ry mod gtd (r) Manhat Shirt (1) Maracaibo Ol Marine Midl (.40a)_ Market St R 3 Market St Ry pr pt. 4 Marshal Fleld. Martin (Glen) . Martin-Parry Masonite (1 Math Alkall (114 May Dept Strs (38) Maytag Maytag pf ww (3) . 2 Mead Corp (1g) - Mead pf B ww 550 Melville Shoe (5) Menger Mengel 5% pr("‘&) Mesta Mach(3.75g) - Miami Copper Mid-Cont Pet (%g) Midland Steel (2) _ Midland Stl 1 pf(8). Minn-Hon Reg (3)_ Minn-Hon pf B(4) .. Minn-Mol Imp Minn-M P pf 650k - M StP&SS Marie __ Mission Corp (1g) Mo-Kan-Texas .. Mo-Kan-Tex pf. Mo Pacific (r) Mo Pacific pf (r) Mohawk Crp(1.208) Monsanto Ch 148 . Montgom Ward(2a) Morris & Esx (3%) Mother Lode = Motor Prod (2.50%) . Motor Wheel (1.60) Mueller Brass (1 Mullins Mfg (B) Munsingwear 1.50a. Murphy (G C) 3.60 Murphy pf (5). Murray Corp Myers (F E) 3.75; Nash-Kelv (1) Nash Chat & StL Natl Acme (%8)--- atl Aviation Natl Biscult (1.60) - Natl Bnd & Inv 1.44 "atl Cash Reg(1g)- atl Dairy P (1.20) atl Dairy PpfB(7) Natl Dept Stra ... Natl Distlll (2) Natl Gypsum Natl Lead (%) Natl Lead pf B ( 23% Natl Mal'able 1.50g. b Natl Pw & Lt (.60)_ % Natl Ry Mex 2d pf_. 55 Natl Steel (2.500) . atl Supply 16 9 SR u Y es N0 RNNIBRR =00 3 OABBaT A RO RA DS wa s Fuo—ait Frielstpf . ErieRR2dpf __ _ Eureka Vacuum Cl. Evans Prod (1) Exchange Buffet Fairbanks Co Fairbanks pf Fairbanks Mrse (1, Fajardo Sugar(3g). Federal Lt & Trac-. wederal Motor - Federal Screw _.__ Federal Wat Sve A. Fed Dept Strs (2) Fed D Str pf (4%) Fid Phoenix(1.60a Firestone T & R(2) “irst Nat Strs(2% ) 4 Flintkote (1) Florence Stov 1. f.ng Flosheim Sh A (2)_. Follansbee Bros __ Food Mach (2.50a) Food Mach pf(4%) Foster Wheeler Francisco Sugar _ Freeport Sul (1g) _ Freeport Sul pf (8) Fuller 2d pt Gabriel A Gair (Robert) Gair (Robt) pf (3)- 3 Gamewell 1 Gannett cv pf (8). Gar Wood Ind (%) ; Gen Am Inv & Gen Am Inv pf (6) Gen Am Trns(1%g) Gen Baking (.60) Gen Baking pf (8) Gen Bronze _ Gen Cable Gen Cable A Gen Clear (2.508) - Gen Elec (1.20g) Gen Foods (2) Gen G & El A Gen Mills (3) Gen Mills pf (8) Gen Motors (2% Gen Mot pf (5) H PR 4 Skelly Oil (1g) Sloss-Sheffleld S& 1 oss-Sheffield pr(6 Smith (A 0) i Emith & Cor (1%g&). Snider Pack (1%8). « Socony Vac 508) Sou Am G & P .20g South P.R.Sug (28) Sou Cal Edis (1%a) Sou Pacific Southern Ry . Southern Ry pf.-.. Spalding Sparks With Spear & Co Spen-Kell (1.60a) Sperry Corp (.608) - 9y AR 98 5405 1R% 324 n7 4815 Ty 15% 39 33 106% 1915 151% 105% 98 Rbly 381y Spicer pf A (3) - Spiegel, Ine (1) Spiegel pf (4%) Square D Co (. )- Stand Brands (.20)_ Std Bramds pf 4.50 - Stand Com Tob .. Stand Gas & El (r) - Stand G & E pf (r) . Std G&E $6 prpf(r) 3t G&E 7% p pf(r) Stand Oil Calif (1a) Stand Oil Ind (1a).. Std Ol Kansas Stand Ol NJ (1a) .. +4% Starrett (L'S) 38 5 +1 Sterling Prod(3.80) 58 58 + % Stewart-Warn(%a) T Stokely Bros 1.20g .. % +1% Stone & Web Tom Studehaker 1% Sun Ol (1a) 4 Sun Oil pf (6) . 421 Sunshine Mng (3) T2 Superheater (1.75g) 3% Superior Oil - + % Superior Steel .. Sutherl’d Pap 1.60a. Swift & Co (1.20) . Swift Intl (2) 47, Symington ww .60g. *4'x Symingtom xw .60%_ fi', Talcott (J). 60a Telautograph (.60). 5\1 Tenn Corp (4&) 34% Texas Corp (2) _—ua. 2 Texas Gulf Prod_ .. 23% Tex Gulf Sul (28)- 165 Tex & Pac Ry . 5% Tex Pac C&O (.40)._. 5% Tex Pac Land Tr... 19 Thatcher (.758) ---- 4% The Fair _. 24 Thermold.... 1% Third Ave.. . 4% Thompson (JR) (%) 10 Thomp Prod 1.40g .. 1% Thompson-Star - 6'4 Thompson Starr pf. 1315 Tide-Water As(1a). /% Timk-Det AX 508 36 Timken Roll B(3a). 10, ,l’ln!&m;"el Corp. +1% +3 +3 +1 -2 + % +11s - 3% AT 44 T3 iy - % 15% 22% 3 S 6% Natomas (.80) 24% Neisner Bres (2) . 37 Newberry JJ (2.40). 10% Newp't Indust (28). 37 N Y Air Br (1%8).. 15% N Y Central 14 N Y Chi & St Lou! 31 NYChi&StLpf . 16 N Y City Om 2.40g Y Dock & —r PR P AP P YL T 05 2222222 3% Tri-Cont Corp (%K) 90 Tri-Cont pf (6) - 4% Truax-Traer (.80)_. 1814 20th Cent-F' 1.50, 2515,20thC-FF pf 1% .. 2% TwinCity RT 40 Twin City pf (Tk) 4% 7 Twin Coach (.30%)-. 10 1% Ulen & Co 2 57 Und'wd-EI-F3.25c. 3 64 9 Union Rag & Paper 20 10% (Continued on Page A-19.) 4 ) » 3 N Y Shipblds . 4 Norfolk 80u (r) —awe 3 North Am Aviat.... 14% North Am (.90g) 48% North Am Co pf(3)- 9% Northern Pacific .. 34 Northwest Tel (3).. 1% Norwalk T & R. 9 Ohio Ol (HE8)caueu 25 Oliver Farm.. 613 Omnibus —— 90'; Omnibus pf (8)____ 51 Oppenheim Col %g- 4 23% 3014 5 » 3 60 10 8% +1 12% + % 5% +1% 65% +4l [ S AT RAT U NNANTOAR S BN NS 15% 135% 52 Chrysler (1')._.._ - STOCKS MOVE UP FRACTIONS 10 § |Late Rally in Steels and Motors Brings Fresh Buying Wave. Stock Averages a0 15 1A A0 Tndust. Rails. Utll, Stock Net change_+26 511413 +18 Today, noon 674 218 472 Prev. day_ . 648 207 453 Month ago. 819 303 578 Year ago___ 052 429 T4 1937 high.__101.6 405 3 1937 low. 20.7 451 1936 high 435 728 302 434 557 87 2398 189 1929 high ..146.9 153.9 1843 157.7 1927 low.... 516 953 618 618 329 31.6 78 528 540 318 - 993 537 (Compiled by the Assncinted Prose ) BY VICTOR EUBANK. Associntea Pregs Financia; W NEW YORK. October 20.--Stocks rushed up fractions to 8 or more points today as fear generated e yesterday's collapse receded further | into the background ,The going was not entirely smonth Steel shares were draggy during ear- v afternoon and this kicked up a | flurry of profit selling which eut down gains in some issues. A Iate rally in steels and motors brought a burst of buving which left the ticker behind the market. Brokers said todavs market “natural” rebound from the r was s sove downward thump which hit bottam | earlv Tuesday. Some argued tha® | if the recovery continued much further they would expect the price level to be tested by selling orders from those seeking quick-turn profits It was said the flood of inquiriea received by brokers indicated frech investment demand attracted by tF reecnt price declines. The steepnecs of the fall, it was stressed, appeared amply to have discounted even pes simistic estimates on general busi- nes Transactions | 060 shares Shares aggressive on the upthrust were Ganeral Motors. Chrysler, Good vear, Montgomery Ward, Internation: Harvester, Johns-Manville, American Telephone, Western Union, Conzoli- dated Edison, Kennecott, American Can, Westinghouse, General Electric | Standard Ofl of California., Texas | Corp.. Pullman, Santa Fe, Southern Pacific. Baltimore & Ohio. Union | Carbide, Nash Kelvinator, Continental | Can and National Cash Register. High flyers were Case, Hercules | Powder, Coca- Cola Libbey-Owens, \Du Pont and Allied Chemical. NEW YORK COTTON he Associated Press NEW YORK. October 20 —Yester« day's late recoveries in cotton were extended slightly further today on moderate local and foreign buring | while selling continued light March advanced from 823 tn 832 in quiet trading and in midafternoon was 8.30. with prices about 4 to 7 point approximated 4.300.- By net higher. New Orleans Prices. NEW ORLEANS. October 20 ing and selling_orders were abe: divided in_eariy cotton dealings dav and first transact net_higher to 2 po; December March. R33. M October. R4 Tradine wase q the siart and toward the end of half hour prices were At or | openine leve | Cotionzeed oil opened steads &.50h mber. A 35b. JANuATS March. #.::h. MY, f.81h CHICAGO GRAIN By the Associated Prese CHICAGO. October 20.—Winnipez wheat market jumps of 5 cents a bushel did much to hoist Chicagn wheat prices late today, together with upturns of securities Export purchases of North Ameri- can wheat were estimated as high as 2,000,000 bushels The Chicago wheat market rose to 3 cents maximum gain, with trading on a broad scale, but brisk profit tak- ing caused reactions at the last from the day's top level At the close. Chicago wheat fut 21, cents above yesterdav's =55, May 0907,- .mrhan:v\d to % May 61-811, e 1.00: corn December 59'¢-"%, oats -5 up. WHEAT ~ Lox July | oaTs— Dec | Juiy | sov pEANs oct | Bec. Jar. EXH HELLIES Oct 14.05 14.08 1387 Chicago Cash Market. Cash wheat. No. 2 hard, 1.07: No 2 mixed, 1.04'¢: corn. No. 5 mixed, 57-8715; No. 3 yellow, 6012-6213: No. 5 white. 58 No. 1 mixed, 34: No. 1 white. 34-34,: No. 2 white, 3274-33" . No. 2, 74-76'2: buckwheat, No. 2, beans, No. 2 vellow, 98-98'5; yellow, 97-07!2: barley feed, 40~ 85, nominal: malting, 60-86, nominal; timothy seed, 2.25-85: clover seed, red, 27.50-32.50; sweet, 7.75-8.50. NIAGARA SHARE CORP. REPORTS LOWER ASSETS By the Associated Press. NEW YORK, October 20.—Niagara Share Corp. of Maryland and sub- sidiary companies reported net assets as of September 30 equal to $3,273 for each $1.000 debentures, $858.88 for each share of class “A" preferred stock and $15.62 for each share of class “B” common. Comparable asset values as of June 30 were $3,542 for each $1,000 deben- ture, $961.09 for each class “A" pre- ferred share and $17.72 for each claas “B” common share. New England Fund Prospectus on Request A. S. GovLpen & Co,, INC. Woodwerd Bldg. NA. 2000