Evening Star Newspaper, October 28, 1937, Page 21

FIN CURB LIST MIXED IN LATE TRADING Strong Rally Loses Head- way, but Moderate Gains Still Predominate. By the Associated Press. NEW YORK, Oct. 28.—A strong forward drive in the curb market to- day lost headway rapidly in the after- noon and as the final hour approached prices were mixed, with modest gains predominating. In the morning prices had gone ahead vigorously, stimulated by the change in margin requirements an- nounced overnight from Washington. Gains of fractions to around 2 points were showing late in the day for Aluminum Co. of America, North- ern States Power * Newmont Min=- ing, Pantepec Oil, American Gas & Electric, Creole ePtroleum and Me- Williams Dredging. Unchanged to slightly lower were Cord Corp., American Cyanamid “B.” ‘Wright Hargreaves, Gulf Oil and Lake Shore Mines. CURB BONDS DOMESTIC BONDS Lo Als Power 3¢ . Low. Nogn. | Am G & ES Am P & 1 6y 001 Se Appalach E Ark-La Gas 4551 Cont G & E Detroit C G | Bellanca A! ANCIAL NEW YORK CURB MARKET " PARKE, DAVISNETS (By pflvlhwlrldlmbm Star.) @tock an Dividend the Add 00 High. Low. Close. AeroSupMfgB. 2 2% 2% 2% Ainsworth (.758)- Afr Devices ... Alr Invest Alr Inv wa - 4 % % % AlaPowpf (6).. 20s 53 53 53 Alum Co Am .. 9508 99 9315 97% Alum Co f (6).. 200s 112 11135112 Alum Ltd 3008 74 70 70 Alum Ltd pf ®)- 2001 120 120 1!0 Am Alrline: 12 12% Am Book (4) 20- Am Box Bd 1.20g. 5 Am Centrifugal 4 Am Cit P&L(3h) 1008 ACPALww2¥h 2 A CP&L B(.30g5) 6 AmCyna B .60a_. 38 Am & Fgn Pwar. 15 AmFk&H (la). 1 AmG&EI(1.40). 24 23% Am G & E pf (6)_ 1008 1011 101 Am Gen 2 5% Am Gen $2 f(2). 2508 25 Am Hard Rub __ 200s Am L&T(1.20a) 14 Am L&T pf(1%). Am Sup P pf Am Thrd pf (%) Anch Post F Angostura (.30g) Apex Elec (.308). 4 13" 1 Appal E1 P pf (1) 208 1oa 103 108" Arctur Rad Tube Ark Nat Gas ASG&Elpf .. Atla B&CRy pf5. 108 83 AtCst Fish(.36g) 2 54 Atl Coast L 2.25e 108 29% Atlas Corp war _ 20 Atlas Ply 1.75g . Austin Silver M Automat Prod Auto V Ma(%a). Avery&Sons .60g. Babeock & Wil(4) 258 Baldwin Lo war_ 45 Baldwin Rub.50a 5 Barfum Sta 8t 40 Rarl&SeelA (1.20) IODs Bath 1 W(6%1) Bell Alrc. Benson Hedge Berk&Gay Furn.. 2 Berk&G F war . 4 BirdshoroSF.50g- RBliss B W B | Bliss (E W) cod Blue Ridge (.168) Blumenthal (8) Bohack(HC)1 pt. Bow Bilt H2 pf . Braz T&L (.90g) Breeze Corp Brewster Ae: l 2 1 0 0 1 8 1 5 6 408 114 | BridgptMeh 758 Guard Inv 55 48 Hall (wF) 65 8 6.C Indnap PAL Bs 55 A Intl Salt 5s Interst Interst t B A Ofl cou 1.15g. Brown Copf .. Brown F Dist ... Bro'n F&W 1.05g | Brown Rub(.60a) BN&E P pf 1.60 Bnk Hl &S(1%) Burry Bise (%) Can Car & Fy pf- Can Mare Wire__ Carib Syn (.50h)- Carnation (1) Carnegie Met._. Carrier Corp Casco Pr (2%g) Catalin Am - | Celanese 1pf(7a) 34| Celluloid smu te négl E 4t '31 SE'P & L bs 2005 A Sou Cal !:H 3345 '45 Super of Tl 4128 68 Super of 1l 4135 70 UG&ESH) “ is-Min L & B35 244 45 66 York Rwy Co 38 137 FOREIGN BONDS. Benisn Con s 53 - 100% 10045 100 m MOB 8 73 k. 8913 8713 8714 £Negot! i d TCompanies reported in receivership. CHICAGO LIVE STOCK. CHICAGO. Oct. 28 12 (U. & Dept. Agr). —FHogs, 13.000. including 3.000 direct: B-15 higher than Wednesday's average: part o; early advance lost: ion sparingly. 95“ bulk zoud and choice 180. 9 21 B oc Ibs. 0.0 8.00-40: best lig 5 Cattle. 4.000: calves. 1.000: strictly guin -fed steers and yearlings strong to 5 bigher: such kifds right, back to sea- son's high tme 1.100-1b. long yelrllnn 19.0 15.50-18.50. but mostly 13.00 down to 8.00. sharply abridged_receipts main stimulating factor 1n live markei as dressed trade remains fers weak: bulls 6.50 down; vealers top on sprinkiing. Sheep. inciuding 1.500 direct: fat Jambs moderately active. steady to shade higher: some asking 10- more advance: natives, earlv. 9.50. ehoice held around 9.85-10.00; three dou- bles choice Colorados. 5 slow: early w about stead: . feeders, CHICAGO PRODUCE. CHICAGO, Oct. 83 trucks: steady to fi uUp and less than 4 mouth Rock. 21'a: 2! Forh Cenlckens. 17 young aycks. ia Ibe. U, eolored 181s: white, 10 8z; other live Poultry prices unchan Dt coren mariet stendys prices unchanged Potatoes, 114; on track. 413; shipments. 625; dull: supplies SosvyC el mand slow. Sacked, per cwt.. Idaho Russet Burbanks, U 8. No. 1 5: U. 8. No. 28 um—Poultry, llve. rm. Springs. 4 Ibs. 4 lbs. colored. 30: Pl White Rock. 22 Nebr, e izn.zm. Minneeots Butter. 7.003: unsettled; cresmery, tra firsts (80-91 score), 333%.34! creamery prices unch iwed, Eqss, steady; prices unchanged. FOREIGN EXCHANGES. NEW YORK, Oct. 28_(P.—Forei; change, steady: Great Brit others in cents. Great Bri 958 ; cables, 4.95%: 60-di ) ex- !0 Hong 21 35 Montreal in or] New Yor i Montreal. 0098 B—Nominal. FOREIGN MARKETS. LONDON, 28 ().—Trans-Atlantics matotamea. & fFm. tone in today's. stock rket. - Other sroups closed stead Celluloid 1=t (4k) | Cellulold pf Cen NY Pwrpf 5 Cent Oh St11.20g. Cen & Sw Ut. CenStEl . CenStEcvpfn. Cen St E1 6% of Cen Sta El1 7% pf Centrif Pi (.40) Ch MW Str (.80) Chi Flex Shft (4) Chi Riv & M.75g. Cit Serv pf | CitsP&L 36 pt_ City Auto St .45g. 2| City & Sub H .35 | Claude Neon Lt . Clayton & L .15~ Cleve EI 111 (2) . Cleve Tract Club Al Uten.... Colon Develop..... Col Fuel&] war_ ColtsPatF(1%g). ColumO &G . - Comwlith Edis 1% Comith & So war. Comm P S (1a).. Com Wat Sve Consol Biscuit. Cons Cop Min Con G&E B(3. 60) Cons Gas Utll __ 4 Cons M&S 1.50g- 1100l 57 Cons Steel Corp-.. 5% Cont Roll & Stl... 9 9% Cooper-Bess __.. 29 Corroon & Rey... 8 Copperwdstl(2).. 1 Cord Corp 89 Cosden Petro .. 10 Cosd Pet pf 2.50_. Courtaulds .372g. Creole Pet (.50%). Crocker Wh Croft Brewing. Crown Drug Crown D pf(1. 76) Cuneo Press (2)_ Cusi Mex Dayton Rub Darvy Pet (%)« Derby O11 Det Gray Ir (.04). Det Mich Stov: Det Pap Pd (%)- Det St Prod 1.50g Diam'd Shoe (2) - Diveo Tw C(.40) . Dobeckmun 1.40_ Dom St & Coal . Dubilier (.15g) - Duke Pwr 3.578g. Duro Test (.40a). Duval Tex._.___. | Bagle P La .30g.. EastGas&F____ E G&F 6% pf(3) East Sta Corp . Eisler E1 3%1). El Bond &Sh. . K1 B&S $5 pf (5). El Bd&Sh pf(6) .. El Pow As (.158) ELP As A (.158) ElP&Lwar. __ 8 5% El1P&L 2dpf A_. 130s 32 Elect Share . .. b 2% E18Shov Coal pf . 408 6% Emp G&F 6% pf 5508 55 Em G&F 6% % pf 508 55 Emp G&F 1% pf 21258 55% Emp G&F 8% pf. 7008 Emsco D&Eq (1) 7 Equity Corp 27 Esq Coronet 305~ 1 Evans Wallo 16 Evans Wallow pf 1008 Bx-Cell-O (.60g). 21 Fairchild AV .o Fansteel Metal... 2 Ferro En 150g-—. 4 Fidelio Brew Fire As Phila 2a_ Fst Na St 1 p£(7) Fisk Rub_. . FlaP&Lt 37 pf. Ford M Can A (1) Fa M Ltd(.313g). Fox (P) Br (1a).. Fruehauf T .858-. Gen Firepr .85g_. Gen Invest war. Gilbert (AC) Gilb AC) pf(3%), 1 Glen Alden .25g - Godchaux Sug B Gorham Ine (A). ma Yolume tapered as the sesslon progresse and mines were in demand. Gil Sdged. issues And forelgn bonds were_quiet. Final prices |l| the Bourse were uneven tedly nte: 1ssues Tegistered net losses after llrlr strength. Some l" vernment boml! lmnro\"!d and industs nneulu were firm_ ance ced 45 points. Sues Gorham vt 2.758. Grand Nat Films Gray Tel P8 (1) GrRapV (1)« Gt'A&P nv (6a).. GreenT & Gulf Ofl (T68) - ¥ Stock a1 mvld-nd MM. Add N Hall Lamp(.308). Haloid (1)... Harvard Br Hat Corp(B).80g- Hagzeltine (3) ... Hn D Stra(1.65g) H Min (.708). Helena Rubin. .. Heller pf xw 1.75. Hoe(R)&Co A __ Holling Gld(.65a) Holophane 2.20g Hormel & Co (1) Hud BM&S(%8). Humble Of] 1%¢g. Hummaell (.60, Hygrade 8 2. Huyl (Del) pf st. Hygrade Fa..... Il lowa Pow....." 111 lowa Pow pf.. Il la Pdivet ... Ill Zine (.758) - Imp Oll Can .60a. Imp O Can rg %a Im To Can .62%& Im Tob Br 1.207g. Ind Pipe L ( Intl Cgr M (2a) .. Int Holdin Int Hyd-Elec pf. Intl Pa&Pw war. Intl Pet (1%8) Inter Prod.. . Inter Rad (.85g)- Inter Ut B Intl Vitam (.60).. Int Home E(.44). Inters Hos(2%)— » IrvAlrCh (1)t Ital Superpwr A Jacobs Co (%K)~ Jeannette Gla_._.. Jer C P&L pf(7) . Jonas & Nau .30g. Jones & Lau Stl_. Kennedy’s(.60g)- KenRT (A).758- Kingabury Brew . KgsCLtd pfB(7) Kingston Pr(.40) Koppers Co pf(6) Kreug Brew 14 Lake Sh M (4n) . Lakey F&M .15 - Lehigh C&N(.30) Lone St G (.408) —. Long Is Lt Long 1 L pf B(6). Louls LEE(.40) Lyneh Corp (48)- McCord Rad B __. McWill's D 1.25g. Massey Harris Master Elec 1.60_ Memph N G .30 Merritt-C&S__. Mesab! Iron ... Mich Steel T( . Mich Sug pf .50k. Mid St Pet A vie. Midwest Oil (1) . Mining Corp Can. Molybdenum . Monarch M T 1a. Mngrm Pictures.. Mon LH&P(1%). 1008 Mont Ward A(7). 100s 134 Moore (T) Dist_. Mount City Cop_. Mount Prod (.60) Murray Mfg. Nat AuFvic 1% Nat Bellas Hess Natl Container 1g Nat Fuel G (1) Nat P& Lt pf (8) Nat Rub Mch Nat Sug Ref (2). Nat Trans (.458). Natl Tunnel & M. Nehi Corp (2g) Nelson (H) | N'H Clock (1%)- N J Zinc (4.508) . N Mex & Ariz _. Newmont (2%&) New Process 1.50§ Niag Hud Pow. Niag Hud A war_ Niag Hud 1pf(5). NzShMdAB(.158) - Ntles-B-P 1.50a - Noma EI (.40g) .- Nor Am Lt&Pow. 16 Nor Am L&P pt. 200 NoAmRayA2g. 5 NoAm RayB2g. 6 NARbprpf(3) Nor Europ Oil NorStPA . ___ Nor Tex El pf (r) Novadel-Ag (2).. 1 Ohio Ed pf (8) _. 258 Ohio Pub S pf(6). 40s Okia NatGas .. 6 Okla Nat Gas pf. 2008 ONGevDt(6).. Tbs Oldetyme Dist .. 5 Pan Am Air(.25g) 10 Pantepec Of1 116 ParkbgR&R .80g. 3 Pender Gro (B 13 Pennroad (.25 1008 - 1 Pharis T& R .60 Phila Co (.80g) Phillips Pkg PhoenixSec(%s Plerce Gov (.60) . Pioneer G14(.40)_ Pitney-Bow (.40). Pitts Forg Pitts&LE(4%8) Pitts P1 G1(5%g) Pleas Val W .15g. © 8 SuranSre-Fe 190, Pratt&Lam 1% Premier Gld .12 Prosperity B Prov Gas (.80) . Pruden Inv. P8 Ind$6pf.. P 8 Ind 37 prpf. Pug Sa P $6 pf_. Pyron- (408) - er Oats (5). Qu.b.e Pow (1).. Raytheon Mg .. Raym Cone (1) Red Bank Ofl . Reed Ro Bit .80a._ Reiter-Fost . Reynolds Inv. 10 Richmond Rad... 3 Root Pet (%g)-. & Royal Typ "A‘,. 4508 (%) 6 = 3 - BERNOHO A= Ryerson & H._. Baf CH&Lt 6%8- St Regis Pap ... Sampson Unit... Bcovill Mfg 1% ‘_ Segal Lock - Seiberling Rub Select Industries Selec Indalct 5% Sentry S Con ... Seton Leather... 508 1 Sherwin-Wmi Simmons H&P . Simplic Pat.50g. Singer Mfg (6a) . Solar Mfg (.20g). Sonotone (10 8o Penn Ofl 1%a. 1 S Cal Ed pf 1.50a. 1008 SoCalEpfC1%. 1 Southl’d Roy .40 1 Span & Gen Litd_. Stand C& S 1.60a Stan Dredg cv pf Stand Invpf ___. St Ol Ky (1a) ... St Oil Ohio (1) ... StPow & Lt ... Stand Prod (1) - Stand Silver&Ld. 13 Stand Tube B 2 Sterl's Alum .76g. 3 Sterl Inc (.20a) - 5 Stetson(JB) .508. 100- Stinnes (H).... Stroock & Co 3. Mi 137 2% 64 B 11 16% 1 s 13% 61 6% 13% 8 1 % 8% !7 3% 38% 35% 24% % Y% 1% 4% 18 D. C, THURSDAY, OCTOBER_ 28 1937 §2.431,7% PROFIT Quarter’s Total Compares| s With $2,625,460 for Same 1936 Months. By the Assoclated Press. NEW YORK, October 28—Parke, Davis & Co. and subsidiaries, drug manufacturer with principal domestic plants at Detroit, Mich., and Versailles, Conn., for the September quarter re- ported net profit of $2,437,793 before the Federal undistributed profits sur- tax, equal to 50 cents a common share, against $1,816,794 or 37 cents a share in the preceding quarter and $2,625- 460 or 54 cents a share in the like 1936 quarter. V Childs Co. Childs Co. and subsidiaries, restau- rant chain, for the September quarter, reported net profit of $80,387, equal after quarterly dividend requirements on the preferred stock, in arrears, to § cents a common share, against $35,064 or 9 cents a common share in the pre- ceding quarter, and $37,278 or $1 a pteferred share in the September, 1936, quarter, Barnsdall Oil. Barnsdall Oil Co. and subsidiaries, for the nine months ended September 30, reported net profit of $2,232,694, including $250,000 non-recurring profit from sale of property, equal to 99 cents a common share, against $1,719,584, 3% or 76 cents a share in the like 1936 88 | period. 2z Th 1 7 308 250 244 245 1 3% 3 1! 38% 245 American Home Products. American Home Products Co. and subsidiaries, producer of drugs and drug store accessories, with domestic plants in the East and Midwest, for the nine months ended September 30, reported consolidated net earnings of $2,312,482 before the Federal un- distributed profits surtax, equal to $3.12 a common share, against $2.- 157,981 or $2.91 a share in the like 1936 period. General Motors. Net earnings of $42,118,179 for the September quarter and $148,074,335 for the first nine months of the year, equal to 99 cents and $3.46 per com- mon share, respectively, were reported by General Motors Corp. These compare with earnings of $63,436,545, or $1.48 a share on the common, in the June quarter; $32,- 331,523, or 75 cents a share in the | September quarter of last year, and $168,314,959, or $3.92 a share for the first nine months of 1936. National Distillers. National Distillers Products Corp. for the September quarter reported net income of $1.301.461 before the Fed- eral undistributed profits surtax, equal to 64 cents a common share. compares with net income of $1,367- | 930, or 67 cents a share in the preced- | ing quarter and $1,320.946, or 65 cents | a share in the September, 1936, quar- ter. net income was $4,094,399, equal to $2.01 a common share, against $4.081,- | 394, or $2 a share, in the like period last year. National Aviation. National Aviation Corp., investment concern specializing in aviation se- curities, for the nine months ended September 30, reported net profit of $162,641, including $142,836 net profit on sale of securities, against net profit of $747.759, including $816,594 net profit on sale of securities, in the like 1936 period. The company stated liquidating value as of September 30 was $13.82 a capital share after pro- viding for normal Federal income taxes on unrealized appreciation of securi- ties held, against $15.95 a share June 30 last and $16.32 & share a year ago. North American Cement. North American Cement Corp., with plants in Maryland and New York, for the 12 months ended September 30 reported net loss of $484,828 before profit on bonds acquired, against net loss of $320,565 in the preceding year. —ee Sales— “00 PPV "31¥H pUIPIAIT 4 10w 10 104 32 3% 3% 3% 1 36' 36Y% 36l 50s 10915 1091 109%s 5% 8tock and 38010 M0 ‘UMH Sullivan Mach Sunray Oil(.25g)_ Sunr O cv pf 2% Swiss-Am Elpf_. Taggart. Tastyeast A Taylor (K) Dist.. Technicolor .50g- Tech-H G (.408) - Thew Shovel Tilo Roof (1) Tob Pro Ex .2758 Todd Ship (2) 1008 Toledo Ed pf (7). 20s Tonopah Belm't. Tonopah Min ___ Trans-Lux (.20). Transwest Ol Tri-Cont war ... ‘Tubize Chatillon. Tung-Sol Lamp._. Tung-Sol L pf.80. Ulen & Co 5% pf. Ulen&Co 7% % ot Unexcelled Mfg._. Un Prenm F' 8 .80... United Airc war.. Unit Chem .. Unit Corp war.. Unit Gas pf ('l).. Unit Lt & Pow A UnitLt& PwB . Unit Lt & Pcv nf Unit Pr Sh (.10g) Unit Shipyds A __ Unit Shipyds B Unit Shoe M 2%a U 8 Foil (B) .60g. US & IntSec.... US Lines pfoee. U S Radiator eea U S Rub Recl.... U 8 Stores. Uait 8pec (1. 40)- United Strs vto.. Unit Ver Bxt 1, Unit Wall P .15g. Univ Corp vte.... =3 S & [ NN NN 90880 I O i 30 Utility Equit_ . . Utll Pw & Lt (1) 16 Utll P& L pf (r) 135608 Utility & Ind pf Valspar Corp vte Venezuela Petrol. Waco Aircraft .. Wag Bak'g 1.20g- Waitt & Bond A Wellington Oil-.. Wentworth .25K.. West VaC&C... West Air Exp.__.. ‘Wn Md 1st(7k)) . ‘Willms-O-M .50g. Wil-Low Caf (r). ‘Wolverine T .(lll’ Woodley Wright Har .Mu. 84 7 Ygstn Stl Dnew. 12 20% 18% 18% Yukon Gold .12g - 2 2 £ I bankruptey of rou:urmlp or being reorganized under the Bankruptcy Ast. er securities assumed ich companies. Rates of dividends in the foregoini disbursements based on ua] declaration - . S\ AT RO e O .... 7 6% This | | stock market enjoys a substantial re- For the first nine 1937 months | | Group NE Prey 1037 Stock and High. Low. Dividend Rate. 56 23% Wesson O & 8 (%e) 84% 76 WesO&Spf (4)._. 109 88 W Pen Bl 7% pf (7) 123% 117% W Penn P 7%pf(7). 16 West Auto Sup 1.60. 2% Western Maryland.. 5% Western Md 2d pt 2sonm. 251 West Un Tel 2.21 17% Westhse Alr B(1a) . 90 Westhse E&MTs 4% 110 113 Westhse Elec pf 3§. 80% 10% Weston El In .75 10% Westvaco Chl (1) 65 19 WheelingSt1 . 60 Wheel Stl pr pf (5)- 6 White Motor_.. 8% White Rk M Sp 1.40. 11 White Sew M pf. 1% Wilcox Oil & Ga 27 Willys Overland 6% 5% BUSINESS LULL 1S SEEN AHEAD Slump Under Way in Nearly Every Direction, Says Berens Bureau. Special Dispatch to The Btar. NEW YORK, Oct. 28.—Assuming that the panic stage of the stock market has passed, what about busi- ness? This important question is discussed in the weekly bulletin of the Berens Financial News Bureau. The chances are, says the bureau in a copyrighted article, “that business will grow pro- gressively worse.” The bureau points out that “it is not our job to paint an exaggerated, ugly picture any more than it is our job to paint an unduly optimistic pic- ture at any time. We merely report the facts, the trend in all truthful- ness, and leave it up to our friends to make their own conclusions. “The slump is already under way in almost. every direction. Thousands of men are being layed off in the steel ihdustry and many thousands more would be layed off except for the share-the-work policy of many com- panies. The injury to purchasing power of the public by reason of the market panic has been too severe not to show itself in business. “The facts today are that in many lines of business, sales are dropping rapidly. Many corporations are caught with huge inventories, as re- peatedly reported in previous bulle- tins. This means that profit margins will be sharply curtailed and, in many instances, entirely erased. The net result, too, will be to clog business with merchandise pressing for sale. “This condition probably will pre- vail at least for a while, even if the covery from the panic depths. In 1929, the last period comparable to today, the stock market in the last month and a half, and even into the early months of 1930, had a tre- mendous recovery. But business meanwhile slumped persistently in the initial stages of the long depression. “Since the Government at Washing- ton presently discounts the importance of the stock market, it probably will take no broad steps of a stimulating character until it is convinced th legitimate business, too, is suffering. The Government will measure business | mostly by unemployment. The chances are that there will be considerably more unemployment in the near fu- ture.” INVESTING COMPANIES NEW YORK, Oct. 25 @ .—New York Security Dealers’ Assoc: (Noon Quotations.) Bid Admin Fd 2nd Inc __ 12.19 Am Business Shrs __ Am Gen Eq Inc Am Tns Stocks Bancamer Blai Bankers Nat Inv Corp- Basic Industry Boston Fund Inc - Broad St Inv = Bullock Fund Corporate Trust Corporate Trust A A Corp Tr A A mod Corp Tr Accum Ser Corp Tr Acc_mod Cumulative Tr &h k Sh N Y Depos Ins Bnre - Depos Ins Shrs Diversified Tr C Shrs 313 PR Fui Fixed Trust 8h A Eixed Trust Sh B Found Tr Sh Fund lnvumn Xm: Gen Investors Tr —_ Group Sec Agriculture _ Group Sec Automobile Group Sec Building "7 Group Sec Chemical "~ Groun Sec Eioup Sec Tnvest Shre Group Merchandise . Mining Groun Petroleum Hivon Holding Incorp_Investors Instl Bank Group - Inst] 3 Investors Keystone Keystone Maljor Shrs Corp = Maryland_ Fund ) Add 00. High, l.o\v. Close. enn 7 31 3 P00 HomHea eies vy Wellington Fund NEW YORK PRODUCE. t. 28 0P —Exgs. 10.04 e 5827 dhrties. No, 1% St standards. 1% refrllerltor firsts, 183 _refrigerator séconds. 18% refrigerator mediums and dirties. s, Butter, 5,043; steady to firm. All grades e, ""5?.'93&. 54.025; firm._Prices unchanged. MONEY MABKET. NEW YORK. Oct. 28 (#.—Call money stends. 1 per cent ail dav: prime commer. Sial paper. 1 per time loans steady; $0-00 days, 174: &6 months, 11a per cent: bankers' acceptances unchanged: rediscount rate, New York Reserve Bank, 1 per cent. BOSTON WOOL MARKET. , Oct. 28 (P (United States De- me’! mc\llturfl e wool ml\‘kel todl s 1r! lar but “’2 :‘ltw‘ prices. Prev 1037 High. Low. 12 12% 30% 5% 90 119 19% 54 9% 12 58% Wrigley 21 7% Yellow Truck ... 97% Yellow Trk pf (7). Youns Spring (3) .. 6 25 YgstwnSh&T (4). 12 Zeniih Radio (2g)._ 2% Zonite Prod FINANCIAL W YORK STOCK EXCHANGE (Continued From Page A-20.) 230:::. Adq o, 90. Eish, Low. Close. dnge. 8% B4 84+ W 6% 6% + % 40% 40% +1% 20% 21% +1% 63% 63% + % 11% 12% +1% 95 95 -2 26% +1 43 +1 28% +2% o+ % Stock and Dividend Rate. 61 Willys-Ov'd pf .60... 4% Wilson & Co (). 15 35 Woolworth (2.40).. Worthington Pump. 34 13 Jr (38)aee. 1 129 308 26% 42% 21% an 80 59 SRNPURE | ¢ Approximate Sales of Stocks on the N. Y. Stock Exchange. - 1,050,000 1,700,000 un! kruptcy or receivership of being t or gecurities assumed by suc Rat bursements based o 12:00 Noon. 1,450,000 M. it of trading 10 & Teorganized under companies endy in the forsseing table ‘are annial dis- e last quarterly or semi-annusl de c) acgniess otherwise moted apecial or extra dividends sre not xi Iast year. IP 3 year. 3% aved this year. r Ex sights. g Also extrs or extras. e Paid in stock. g Declared or paid so far this k Accumulated dividend pald or de- Steel Ingot Rate At Midweek Hits 50 Per Cent Mark By the Associated Press, CLEVELAND, Oct. 28.—Daily Metal Trade today say! Steel ingot operations have declined to the lowest point since January last year. At midweek the national rate is estimated at 50 per cent of capacity, down 6 points from a week ago. Whether the bottom has been reached remains a question. Demand continues dull though it is expanding slowly in some directions, notably auto- motive. However, new tonnage is far below expectations and is disappoint- | ing in virtually all consuming markets. | Little forward buying is in prospect. | Delivered prices on iron and steel| products will be advanced in three to four weeks when the recent freight| rate increase granted by the Interstate Commerce Commission is expected to go into effect. DUKE POWER VOTES SPECIAL DIVIDEND By the Associated Press. NEW YORK, Oct. 28.—Directors of Duke Power Co. declared a special | dividend of 8238 cents a share on the common stock, payable November 6 to stock of record November 1. A dis- bursement of 75 cents a share was| made on October 1. HAWAII AWARDS BONDS. NEW YORK, Oct. 28 (#) —Lazard Preres was awarded the Territory of Hawali $3,300,000 new public improve- ment issue on a bid of 100.0896 for 270 per cent bonds. Lawrence M. Marks was awarded the $1,500,000 short-term refunding bonds on a bid of 100 for 3.10s. DIVIDENDS ANNOUNCED NEW YORK. Oct. 28 —Dividends de- clared (prepared by the Standard Statis- ties Corp.): Initial. - Stock of Rate riod record Ryan Aeronsutical ¢ __ 11-10 Ineres N J Zine _____ - Arrear: Lake of Woods Mill pf &7 __ 11-20 11-15 Stor Draper Corp____ 28% . Resumed. Gt Nor Ry $8 n-cm pf $2 __ 12-1 Reguiar. Amer Tob Co Do. Anglo-Tranian Oil Ld 3 Armstrong Cork Conn Power Cresson Cons G Fairbks M 67 cv pf Globe Hot Louisians, "Sii_prod C 137 pf A $1.62 NE souBlia 4 Do. 5% Nineteen Hund co B 8avan g { Sierra Pac E1 A% bt §1 Swan-Pinch o1l Corp 8¢ Tex Pac Coul & o’ Twin_Coac Werlo % St s4 cv pt' 31 Westinghouse El & Mg i 7hac "1 15¢ ck's E »i © of the W Ml Bt $1. Marlin Rockwell Merch & Mfg Sec “A’ Merch & Mfg Sec “B" 1 Merch & Mfs Sec pf 26c Pharis Tire 15 United Gold Mines INSURANCE STOCKS NEW YORK. Oct. 28 (M. —New York Security Dealers’ Association Bid. Asked 03, 2,,#« 38% Aetna Cas (2a) Carolina, (1,31 NY City of (1.200 Conn Gen Life (20) Contin_Cas ( & Pt} Hanover. Hartford Fire (2) _ Home Fire Sec _ Home Ins (1a) Homestead (1) Knickerbocker (.80) Fire oI e ettt - I P Mass Bo Merc Ins Pr ( 158) Natl Fire (2 Notl loerty 2000 N Hampshire (1.60a) " N Y Fire (80a) Nor Rover (1) Bhoenix (2a)’ Prov Wash Reve (P) In .| 20 Eh Isl In Rossiu_Ins B Fire (6m) Sprinetleld (41an) Sun Life (11Veg) -~ Traveiers (16) s U S Fire { Wertanester (1.208) = a—Also extra or extras, § " Declared or paid so far this year. o SHORT-TERM SECURITIES. (Reported by Chas. Amer T & T 5%s '43 Auburn Auto 4%s ‘38 Baldwin Locomotive 55 Chiifornia_Packing 55 '40 . Carolina Cl & Ohio 5s '38_ 102 Chesapeake & Ohio 55 39 _ Edison El Ilumniat 45 '39 General Pub Serv 5135 '38 - Val Houston_Oil 528 '40 Intnatl Mere Marine 85 ‘41 Laclede Gas Light 5s '3 Lehigh Valley Coal b5 '38- Lehigh Valley Term 55 41— Long Island Gen 4s Louisville & Nashville 4: '40 Milw & Northern 4 NY Chi & SiL 6% | nom '38 New York Dock 5s '38 New York Tel Co 4as 'ss Pacific RR of Mo 4s '38 Pennsylvania Co 3%s 41 Penn-Dixie Cement Pennsylvanis RR 4s Phila Balto & Wash 45 Rio Grande Western 4: Term RR Assn 8t L 4V Vanadium Corp 5s '41 Vertientes Sugar, 7s '42 Wabash Rwy bs '39 Warner Bros 6s '39 = Western N Y & Pa 45 '43 Western Union Tel 5s '38 HILADELPHIA, oultry. fowls. P. R.. 24 3;_roasting Shicieds. 3 H. ancy, 35: new. fan: -5 22-23, uulwv Yk whits. 17 ? unchanged mwg‘r » ‘winter, g "%‘- | wash Washington Exchange SALES. Capital Transit Co—10 at 9';. Potomac Electric Power 6% pfd.— 5 at 113. AFTER CALL. Norfolk & Washington Steamboat Co. —14 at 89%. Capital Traction 5s—8500 at 72. Mergenthaler Linotype—5 at 27%. Real Estate Mortgage & Guaranty pfd.—40 at 5. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid, Asked. Amer. Tel. & Tel. 4128 3%% ap. City & Suburban 3 | Georgetown Gas ist Pot. Elec. Pow. S | Wash. Gas 3s 1058 _ Wash. Gas 55 1960 Wash, Rwy. & Elec. 4x MISCELLANEOUS. Chevy Chase Club 1st 4lus 1 Gol. Country Crub 15t 4%s. 1 M. Cold Storage 58 1 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)__ 155% Qepjtal Transit, Co. it & W. Bteamboat (6) R5 Pfll Elec. Pow. 6, pfd (R)_ 11 El. Po. 5'2% pf. (5.50) ¥ Wl!h Gas Lt Wash. Gas pfd 815 Ry. & EI. Z 800 Wadh. Ry. & EI. pfd. (5 .~ 108% BANK A"D TRUST COMPANY. Amer. Sec. & Tr. Co_(e%) new (1 50 | Bank of Bethesda (h75) Gapttal 14) 7 avings (e10) Liberty (3) Lincoln (16.25) Natl_ Sav. & Tr. Pr. Georges Bk. & Tr. Riggs _(e8) Rigxs pfd. (5) Washington (6) 13 Wash. Loan & Trust (s8)__*250 PIRE INSURANCE. American (8) Firemen's (1 Nationa1 Union 1.60) TITLE INSURANCE Columbia (.30) ___ Real Estate (8) MISCELLANEOUS Carpel Corp (2.00) 50) BN Lincoln Serv. Lincoln serv. Mergenthaler Lino. Peoples Dr. 8t. com. (#1.00) Peoples Dr. &t_pld, (8.30) Real Est. M.&G. pf. (**.30) Security ‘Storage (5) C o Sasenos ER et vt ol & Loth. pfd. (7 B dividend. us extras. €27 extra. f1'3% extra. h75c exira. **30c paid June 24. 1637, i i FEDERAL LAND BANKS NEW YORK, Oct. 28 (. —Pederal Beak bend 2 RN 103% 103% 00 o METAL MARKET YORK. Oct. 28 (P.—Copper ¥ erdcrorvtic. 4pot and futiire 1200 8. Tis drm; spet and nearby. 4 Lead stea ast St Lo Eu! St. Louis. spot ITron. aluminum, antimony. er, platinum and wolframite un< changed. NEW YORK BAR SILVER. NEW YORK, Oct. 28 (#)—Bar silver steady and unchanged at 44%. | contract f3s |1 i CLEARINGS SHOW DECLINE IN WEEK Total for 22 Leading Cities Holds Slightly Above Same 1936 Period. By the Associated Press. NEW YORK, Oct. 28.—Despite a slight drop at New York, bank clear- ings for the latest period in the coun« try, as a whole, displayed a small gain (;;;; the amount for the same week of The total turnover for 22 leading cities reporting to Dun & Bradstrest, for the week ended October 27, was $5,846,201,000, compared with $5782,- 673,000 for the corresponding week last year, an increase of 1.1 per cent. In the similar comparison for iast week there was a rise of 6.4 per cent. The volume at New York totaled $3.557,503,000, against $3.630,954,000 last year, a decrease of 2 per cent. The aggregate for the cities outside of New York increased 6.4 per cent to $2,288,698,000 from $2,151,719,000 in the corresponding 1936 week. Clearings for the latest week dropped $584,731,000 from the total of the week preceding. Between the two comparative weeks of 1936 there was a decrease of $262,768,000. The movement at outside points re- vealed gains in the majority of cen- ters, with minor losses at Boston, Pittsburgh and Dallas. Some of the more important increases were: Cleve- land, 20.6 per cent; Portland, Or: 162 per cent; Richmond, 159 per cent; Minneapolis and Louisville, 117 per cent; Kansas City, 9.4 per cent, and San Francisco, 9.2 per cent. Bank clearings at leading cities, to- gether with per centage gains and losses, compared with those of 1936, follow, also, the daily average bank clearings for the months of August, September and October to date: Week, Oct. 27. 1 (000 omitt Boston PmlndP]pmn z 401 000 Buflaio 16,400 Cineinnati Baltimore __ Richmond - San Francisco - Portland. Ores Seattle 288 Bo% $5.846,201 $087.136 963.040 556,154 S NEW YORK SUGAR NEW YORK. Oct 28 tures were firmer toda where nearly s curred on increased trade and co sion house buving promoted by th at k March No. 4 sold up to 117 and = around the best at the beginni rrrm the last hour. when the list was 2'z to 3 points. higher 2 o. 3 January sold at 2.33 month traded in. or t po! U. 8. TREASURY NOTES NEW YORK, Oct ir. dollars and Month. Feb the on Oct. 28 (P.—Prices ouoted thirty-seconds Approx. § \eId (DN s PR IBADRERR | 101.16 FBEIG}IT LOAD;NGS. | NEW today 28 (#).—Revenue railroads repor for the week ended Ocfober 23 in- | cluded Wk. Oct, 23 Burlington 3 Great Northern rWhy is Guinness the Most PopularBrew in the World? Guinness only knows! UINNESS first was brewed in 1759. It is made in the same way today—and has become the most popular brew in the world. Such a brew is worth knowing. Here are some of the things Guinness knows about brewing —that you should know about Guinness. FLAVOUR... Guinness has a dry, hearty flavour of which you never tire. How does Guin- ness get this flavour? Only Guin- ness knows. COLOUR...Deep ruby fire glows in every Guinness. Hold the glass up to the light at the proper angle to see the gleam. 1t comss from roasted barley— but how? Guinness only knows. HEAD ...A creamy, long- lasting head crowns every glass of Guinness. This head is the result of natural fermentation with a special kind of yeast, that only Guinness grows. PLEASURE . . . Natural in- gredients alone go into Guin- ness—barley malt, hops, yeast and water. A Guinness palate is a matter for congratulations. Try Guinness and you'll know. Guinness is enjoyed before or during meals, after exercise or when tired, and before retiring. You should be able to get it wherever youbuygood beerorale. GUINNESS IS GOOD FOR YOU The story of Guinness since 1759 66 pages, 44 fllustrations. Write American Representative: A. Guin. ness, Son & Ce., Ltd., Dept. 103-K. 501 Fifth Ave., N.¥, Goprvieht, 1001, by A. Guinness, Bou & Co. M. SU4SS r