Evening Star Newspaper, October 29, 1937, Page 18

PEPCO EARNINGS: TRAN‘SACTIONS ON THE NEW YO RISE MODERATELY C. & P. Telephone Co. Shows Small Drop—Transit Loss Reported. By EDWARD C. STONE. In a rush of September financial statements to the Public Utilities Com- mission today, it was disclosed that the Potomac Electric Power Co. reg- istered a small increase in net earn- ings over September, 1936, the Chesa- peake & Potomac Telephone Co. re- ported a slight decrease and the Capi- tal Transit Co. went into red-ink fig- ures. The Potomac Electric Power Co. re- ported operating revenues in Septem- ber as $1,208.482.51, a gain of $55,- 480.36 over last year. Operating rev- enue deductions called for $737,057.90, reflecting an increase in operating costs of $45,136.46, and leaving net operating revenues of $471,424.61, a gain of $10,343.90 over the same month last year. After all other de- ductions the power company reported a net income in September of $392,- 153.43, an increase of $3,114.19. Potomac Power also filed the nine- months’ report revealing operating revenues of $10,945803.78, an increase of $478,840.76, or 4.66 per cent. Op- erating revenue deductions required $6,550,116.37, showing an increase in expenses of $193.638.99 and leaving net revenues from operations of $4,395,- 687.41, a gain of $294,200.77 over the like period in 1936, or 7.17 per cent. Gross income was up more than 6 per cent, leaving after all deductions a net income of $3,704,665.60, a gain of $377,532.50, or 11.35 per cent. C. & P. Revenues Lower, The Chesapeake & Potomac Tele- phone Co. reported operating revenues Prev 1937 High. Low. 55 85 22% 28% A—I8 xxx FINANCIAL, THE EVENING STAR, P 1 X 3 3 y Private Wire Direct to The Star. 2 -10 p m. Stock and Dividend Rate. 38 Abbott Lab (1.60a). 45 Acme Steel (4) .. 9 Adams Exp (.30g).. 17% Adams-Millis (2) .o 16’y Addressog (1.40) ... 1's Advance Rumley._. 53 Air Reduction (1a). 15 Air-Way El Ap. 8 Alaska Jun (.60 1 Alleghany... 11 Alles pf $30 ww. 11 Alleg pf $40 Ww..._. 10 Alleg pf xwW 10'5 Alleg pr pf — 13 Alleghany St11.60_. 65 Allen 1ndus (1) e 25813 150 Allied Chem (6)ceua 174 11% Allied Kid (1a) 88's 10 Allied Mills (2g) 61 Allied Stores (.20a). 50 Allied Strs pf (5)... 34 Allis Chalm (2g) .- 815 Alpha Portland (1). 1% Amal Leath. . ___ 19 Amal Leath pf (3)_. 59 Amerada (2) - 5315 Am Ag C(Del)63%g. 10 Am Bank Note %g_. 28 Am Brake Sh (2g)-. 79'5 Am Can (48) . ___. 15% Am Car & Fy (%8)- 36 Am Car & F pf (48). 11% Am Ch&Cable 1g 86 Am Chain pf (5)--. 5% Am Colortype 8% Am Comcl Alco 1213 Am Crys Sug 3.258. 86 Am Crys Sug pf(6). 2 Am Encaustic Til_- 5 Am European Sec_ 214 Am & Forelzn Pow. 17 Am&FP$6Df . 19 Am & For Pw $7 pf_ 5% Am & For Pw 2d pf. 7% Am-Hawailan S (1) 2!y Am Hide & Leath 20's Am Hide & L pf (3). 324 Am Home Pr (2.40). 1t Am lce 14 Am lee pf (1.508)— 6% Am International._. 144 Am Locomotive 53 Am Locopt . 104 Am Mach & Fy (1) Am M & Met (.60) - Am Metal (%g) Am News N Y (3).. Am Pow & Lt Am P & 1, $5 pf (5) - Am P & 1 36 pf (6) 91 Am Rad & St S(.60) 15'2 Am Rolling Mill (2) 70 Am Roll Mcvpf 4 17's Am Safety Raz (2)- Ada 00. Blflx lnm Close. cnu 3 3844 384 2 5 58% B58% +1% 17 12 + % 20 -2 23% + % 1% + 1 58% + % 1% 1% + W 1% + % 16% +1% 14% 14% +1% 2% =y 21% +1 10% + % 165 +4 11 =8 14% — W 11% + % 5Tl +1% 4% + % 15 +1 3% + W 26% - % 65% +1% 65 +3 16% + % 41% = % 96 +2 24 484 + U 19% +1 9 +5 9 + 4% + 185 + 86 5 + 6% + 5y + 24 +1 284 +2 127% +1% 3 6 1 14 10 22 19 23 1 o - » EETE YTI-Totr o) PPt~ Jy JRRRY-- PR LYY - e - Prev. 1937 High. low. 315 174 Col Brdests B 1.05g. 20% WASHI 2:30 pm. Stock and Dividend Rate, 4% Colum G & El .45 . 68% Col G & El pf A (6). 10 Col Plct vto (1) .cw 75 Col Carbon (4a) ... 3314 Comel Credit (48) .. 90 Comel Cred pf 4% . 3915 Comcl Invest Tri4). 95 ComclInv T pf 4% 5 Comel Solv (.60)... 1 Comwlth & SOU..oe 84 Com & Sou pf (3)... 4 Conde Nast_ . 21 Conxonaum-erl(Z). 10 Congress Cigar ... 8 Consol Afrcraft ... 4% Consol Clgar.. 63 ConCigp pf ww C* 22 Consol Edison (2) .. 93 Consol Edis pf (5).. 1 Consol Film.. caee 4% Consol Film pf.. 3% Cons Laundries 7 Consol O (.80a)... 2% Consol RR Cuba pf.. % Consol Textile (r).. 3 Consol Coal. 16 Consol Coal pf_- 80% Consum Pw pf 4. 50- 10% Container (1.20) ... 7% Contl Baking A 1 Contl Baking Boeew. 41Y% Contl Can (8) ... 5'3 Contl Diamond 1% g 23 Contl Ins (1.60a) ... 74 Contl Motor. .. 24 Contl Oll(DOl)l’il- 915 Contl Steel (1) .. __. 474% Corn Exchange (3) - 4 50' Corn Prod (3) 90 Crane Cocv pf “H_ 21% Cream of Wh (2g)-. 7 Crosley Radio ... 31% Crown Cork (2) 36 Cro'n C'k pf xw 815 Crown Zeller (%g)- 70 Crown Zeller pf (5). 21 Cruclble Steel % Cuba Co . - 3 CubaRRDL - 23 Cuban-Am Sugar 75 Cuban-A Sug pf 18k 16 Cudahy Packing. ... 4 Curtis Pub 48y Curtis Pub pf (7). 2 Curtiss-Wright ... 814 Curtiss- Wright A 231% Cutler-Ham (new) .. 6 Davega Stores (1a). 1213 Davega St pf (1% ). 96'3 Dayton P&L nf 4% . 68Y% Deere & Co (2g) .- . 21 Deere & Co pf(1.40) DK 8l 1815 88 Bales— Net. Add 00. xm:. !n'. Close, chge. 4 9% 20 NGTON + % 9% + % 811 +3% 18 +2 88 +4 46% + % 20 49% + % 99 +3 M+ U 2 44 43 8 26% + % 10 =% 12% + % 8% +1% 69 +4 26 + % 9% +2"/a 11 A &"s? sasfeses L D C, Prev 1937 High, Low. 189 120 167 15% 18% T8% 19% 6813 10 574 28% 52 FRIDAY Stock and Dividend Rate. 16 Illinois Cent pf... 41 11l Cent LL (4) caeen 5'% Indian Refining. .. 16 Indust Rayon (2) 80 Ingersol Rd (4.50g). 64 Inland Steel (4a) 6% 1 iration Copper. 3% Insuranshar (.10g). 1% Interboro Rap Tr. _. 20 Interchem Corp(2). 214 Intercontl Rubber.. 6 Interlake Iron .40%- 2 Intl Agricul. 184 Intl Agri pr p: 132 Intl Bus Mach (6 63 Intl Harv (2.50a 3 Intl Hydro-Elec A-. 17% Int Mer Marine.. . 6 Intl Mining (.458) - 89% Intl Nickel (1.608) .. 714 Intl Paper & Power.. 36% Intl Paper&Pwr pf.. 2! Intl Ry Cent Am. 35 Int Ry Cent Am pf.. 19% Int Salt (1%) —cmeee 16 Intl Silver.. - 65 IntlSilver pf (8k).. 6% Intl Tel & T for ct. 4 Intl Tel & Tel . - 9% Interstate DS 2.75g. 20' Island Crk Coal (2). 74 Johns-Manv (3a) .. 72 Jones&Lau pf 5.25k. 18 Kalam Stove 1.50g .. 115% K CP&L 1 pf B (6) . 5 Kansas City Sou 14% Kansas City Sou pf. 15 Kaufmann Dep 1.60 14% Kayser (J) (28)-_.x 7 Kelsey-Hayes A 4 Kel-Hayes Wh B_.. 93 Kendall pf (68) . 30% Kennecott (26) .., Hla Keystone S&W (1) 2213 Kimb-Clark (1a)... 1% Kinney (G R) - 20% Kinney (G R) pf-.- 12 Kinney pr pf Kresge Dep Stores.. Kresge (8 S) .90g .. 25 Kress (SH) (1.60). 14'% Kroger Groc (1.60)- 6 Laclede Gas = 8 Laclede Gas pf.. 13 Lambert (2) 514 Lane Bryant(%g) .. 9% Lee Rub& T 1.60g .- 14 Lehigh PortC (1%) % Lehigh Valley Coal. 3 Lehigh Val Coal pf. 41 Lehigh Valley R R Lehman Corp (1a) . Lehn & Fink (1% ) . Lerner Stores (2a). Lib-Ow-Glass (2g)- 4 16% OCTOBER 29, 1937. .Rfll‘lm. 24% ’lOn - =1%} - wo waSlrannarna 44 Net Md 00 Hllh.loow. Close, chi 23 23 44% 9% 24% +2% + % 19% 1% Prev 1037 High, 29% % 10% 23% T 64 103% 6% 12% 764 29% 50% 116% 65% 17 48 91 87 25 21% llfl 2 52% 140 1624 11318 T2 24% 107 112% 23% 18%% 2:30 p.m. Sales— Add 00. High, 22% 2% 6% 13% 5 stock and Low. _ Dividend Rate. 12 Parker Rust-Pr1%. 1% Parmelee Trans. 4 Pathe Film. 8 Patino Mines. 214 Peerless (.30g) 47 Penick & Ford l‘l‘?. 6514 Penney (JC) (3g)-. 1% Penn Coal & Coke__. 2% Penn-Dixie Cement. 15 Penn-Dixiepf A __. 14% Penn G1 8'd ct .60g-. 20 PennRR (%g) - 110% Peoples D pf (6%) .. 22 Peoples Gas Lt & C. 3 Peoria & Eastern.. 9 Pere Marquetts 39% Pere Marq pf. 42 Pere Marq pr pf(5)- 14% Pet Milk (1) 9% Petro Corp (.90g) - 3 Pfeiffer Brew .90g). 24% Phelps Dodge 1% g % Phila Read C&1(r)- 65 Philip Morris (3) .. 5% Phillips Jones 30'% Phillips Pet (ZI)_—- 4 Pierce Ofl pf 20% Pills Flour ( 4'5 Pitts Coal . 25 Pitts Coal pf__ 64 Pitts Coke & Irol 60 PittsC& Ir pf(5).. l'\. Pitts Screw (.458) Pitts Steel 4 Pitts Steel pf. Piits United Pitts United Dt 3 Pitts & W Va. Pittston Co Plymouth Oil 1.40 _ 4 Pond Creek Foc ("). Poor&CoB. __ 3 Porto Ric-Am T T - Porto R Am Tob B .. Postal T & C pf (r). Press Stl Car .258 .. PressSC1pf (%) PressStiC2pf2%. Procter & Gam (2a) Procter & G pf (5) .. Pub Sve N J (2.60) . PubSNJ 7% pf(7) Pub Sve NJ pf (8)_ Pub Sv E&G pf(5) -. Pullman (1) .. Pure Oil (.258) Pure O11 6% pf (6) Pure Oil pf (8) - Purity Bak (.45g Quaker St O1l (.708) Radio Corp Radio cv pf 43%) Radio-Keith-O (r) Reading Co (2) - Real Silk___ . Reis & Co 1st pf. 4314 ]ll") 30% 118'% 132 110 25'a 107% 5% 14 4% 4819 Net Low. Close. chge. 21 2% 65 12% 47 40 - 81% 2% 4% 25% 15% 22% 25 6% +2% + % + %W FINANCIAL. RK STOCK EXCHANGESTICKSIMPROVE « INAGTIVE TRADING Early Gains Ranging to 7 Points Reduced by End of Session. Stock Averages I'ld 'Rlll U 1. 81 ' Net change +25 -+ J;‘_; “’?, 359 508 Today, noon 718 245 Prev. day... 69.3 236 347 49.0 Month ago_. 79.9 289 371 562 Year ago.. 95.3 418 536 714 1937 high.. 495 540 753 316 451 20.7 435 537 728 302 434 557 8.7 239 169 1929 high ..146.9 153.9 184.3 157.7 1927 low.... 51.6 953 61.8 61.8 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK. Oct. 29.—The stock market's recovery bulged wider today, although it encountered late selling opposition that cut down a morning upswing running to 7 or more points in leaders. Spurring buying forces was a revival of hope that the slash in margins de- creed by the Federal Reserve was more than a gesture of a friendlier Wash- ington attitude toward the financial sector and might indicate other steps would be taken to reassure “big busi- | ness” and awaken the long-slumbering capital market. The ticker tape was frequently in arrears as leading issues pushed for- ward and large blocks of shares changed hands during the proceedings. It also lagged on the retreat. Short covering was said to have been a fac- tor in extension of the advance, The list stumbled near the final | hour on an unconfirmed news ticker report from Hyde Park that the President had intimated no modifica- in September of $893,434, against $849.530 yea Operating ex- ) Tis Am Seating (%E) .. 8 Deisel-Wem-G (1a) penses were also higher, $661,605, com- 27 AmShipbldg (2a)_. 410s % 13 Del & Hud pared with $626.643. Taxes were also 5% :: g‘-fle‘fff,i‘.é‘)" 2 b 2415 ?x gel i{?fik %‘;’v T ” 4 4 Den&Rio GW pf(r. i“g,h"l and n(‘m' nlpcraun: fulclftv;rye i Am Stl Foun 1.50g e A ower, ea\\'ng a total income of § : - "+ 254 Am Sugar Ref (2) . 3 i 483, against $150,044 last year. After | 143% 104’y Am Sugar pt (7 18% Diamond Mat (18) all other deductions, the phone com- | 257 14 Am Sumatra (1a 30 Diam Mat pf(1%a). pany had a balance before dividends 1:"" 1:(3 Am ;exb& Tel (9) 6% Diamond T Mot (1). of $137,552, against @ net & year ago| 5o, 95 Am Tobacco (5)-s 10" DistCorpSeag . of $143 671, & small decrease of $6.119. | 5013 41, Am Type F'd 5 Dixie-Vo 1%). The Chesapeake & Potomac mine| 2913 8 Am Wat Wis G 16% Doehler Die(1.508). months’ report showed operating rev- Libby MeN&L 1.40h Ligs & Myers ( Liggett & M B (4a) Ligg & Myers pf(7) Lily Tul Cup (1%) - Lima Loco (1g) . Link Belt (2) Liquid Carb (1.60 Loew's Inc (fg) Loew's pf (6%) Lot Lione Star Cem (3)~. Long-Bell A Loose-WB 5% pf(5) last Reliable Strs (1) _ Reliance Mf (.60a Rem Rand (1.058) Rem R pf ww (4%3). Reo Motor Republic Steel Rep Stl cv pf(4%4k) Republic St of A(6) Revere Copper & B Revere Cop & B rA - Reynolds Met (1) Reynolds Spr (1) . Reynolds Tob (3) - Revnolds Tob B (3). tion of the undistributed profits and capital gains taxes would be recom= | mended. There was a-subsequent come-back, though, when it was learned the Chief Executive actually gave no direct com= ment on these disputed laws other | than to say he had noted newspaper stories which speculated on a revision of the tax measures made no reference to that portion of the population which 293 8 Am Wat Wks (.60g8) 35 Dome Mines(4.508). L% R WOORR 261 Douglas Alrcraft _ enues of $8,282493, against §7.890,084 a year ago. Operating expenses also 79 mounted, $5.975528 comparing Wwith $5,605,003. Taxes were also higher. Total income stood at $1,601,882, in comparison with $1,627,936, which, after all interest deductions, left a total net income of $1,419,170, agamsz $1,494,720, or a decrease of $75, 550 | from the like 1936 period The average number of phone calls per day was much higher in Septem- ber and also in the nine months than last year. Capital Transit's Net Off. The Capital Transit Co. reported a deficit of $13.088.14 at the end of September against a deficit a year ago of $5213.26, a difference of $7,- 874.78. Operating revenues in Septem- ber totaled $864,695.12, an increase of more than $5,000. At the same time operating expenses jumped, reaching $660,158.92. Taxes were up more than $13,000 or 28 per cent, depreciation was more than $13.000 higher, an increase of 15 per cent. Total operating expenses, taxes and depreciation amounted to $822,136,45, up $8,960.10 Total operating income was $42,- 558.67 against $45,847.10 last year, a decrease of $3.288.43 or 7.2 per cent. | Revenue passengers showed a {a]lmn‘ off during the month of $963,104, or 7 “ per cent. | There was more encouragement for stockholders in the Capital Transit nine months’ report, which showed & net income of $71,870.46, in com- parison with a deficit of $43,420.67 in | the first nine months of 1936, thereby disclosing an improvement of 31]5‘-} 291.13. Revenue passengers totaled | 21,815,486, a drop of 3,912,966 from last year or 3.1 per cent. Volume Climbs on D. C. Exchange. Trading on the Washington Stock Exchange in September was very much better than in August, according to a| report made today by the Securities | and Exchange Commission. Sales of both stocks and bonds totaled $134,- 442, in comparison with $58,586 in August, the commissior stated. Sales of stocks on the local board totaled $116,638, against only $42,150 in the previous month. At the same time there was a turnover of 1,175 shares, as compared with 816 shares in August. The gain in bond trading was smaller, dollar value of sales being $17,806, against $16,436. Total prin- cipal amount of bonds sold was $19,- 000, in comparison with $16,500 inr August. The dollar value of sales on all registered securities exchanges in Sep- tember amounted to $1,761,098,549, an increase of 37.9 per cent over the value of sales in August and a de- crease of 6.4 per cent from September, 1936. Stock sales had a value of $1,601,793,211, an increase of 43.1 per cent over August. Bond sales were valued at $159,293,161, an increase of seven-tenths of 1 per cent over August. Blake Off to Convention. Harry Blake left here yesterday for ‘White Sulphur Springs, W. Va., to at- tend the 15th annual convention of the American Institute of Steel Con- struction. Mr. Blake is chairman of the board of Barber & Ross Co. of this city. Some 200 companies fabricating and erecting structural steel constitute the membership of the institute. The meeting this year will attract members from practically every State in the Union, and will be especially interest- ing because this has been the most prosperous year for the industry since the start of the depression. Gas Stock Leads Exchange. Washington Gas Light preferred stock led trading on the Washington exchange today with five consecutive 10-share sales at 98. Mergenthaler Linotype registered 26, while Norfolk & Washington Steamboat Co. stock moved at 90. Potomac Electric Power 51, per cent preferred changed hands at 1117 and Capital Traction 5s at 72. The Washington exchange will be closed next Tuesday because of elec- tion day in New York. The Fiduciaries Section of the Dis- trict Bankers Association had an un- usually interesting meeting last eve- ning, taxation being the hight light discussion. Net operating income of the South- ern Railway in the first nine months of 1937 amounted to $12,690,904, against $13,399,651 in 1936 and $9,- 20 6915 97 24% 37 7 111 138, 9913 014 16% 173 24 113 102% Clev El Il 089,345 in the like 1935 period. Bootland has a campaign for bet- ter homes for the poor. 30 29 32 18 Col Brdcsts A 1.068- 30 Am Woolen p 3y Am Zinc L& S 24% Anaconda (1'¢g 39 Anac'da Wire 3 10 Anchor Cap (.458)-. Andes Copper - 93 Armour Del pf (7). 4% Armour (111) .70g_ 65 Arm L1l pr pf (6) 30 Armstrong Cor 47 Arnold Const ( 2% Artloom - 6% Asso Dry Goods 35 Atch T&SF (28)-- Atchison pf (5) Atlantic Coast Line AtlGulf & W Ind .. Atl Gulf&W Ind pf. Atlantic Refin (1) - Atl Refining pf (4)- Atlas Corp (.80) Atlas Corp pf (3) - Atlas Powder 2.50g. Atlas Tack (.608) - Auburn Aut0 . cee. Austin Nichols.... Aviation Corp._. Baldw Lo ctfs W.l.—. Balto & Ohio__ Balto & Oh1o pf--—— Bang & Ar (2%) Barber Co (1) Barker Co (1g) - Barker pf (2%)-. Barnsdall (1) Bayuk Cigar .56 % 8. Beatrice Cr (1a) Beech Creek RR(2). Beech-Nut P (4a) . Beldin-Hem (1) Bendix Aviat.768 - 15 Beneficial Loan(2g) 374 Best & Co (2%2) . 41 Bethlehm Stl 2.508- 14 Beth Stl5% pf (1)~ 87 Beth Stl1 7% pf (1)~ 28 Bigelow-San (38)-- 9 Blaw-Knox (.708) . 18 Blmgdale(1.22%8)- 16 Boeing Airpl 21 Bohn Alum (2.75g)- 39 Bon Ami(B)(2.50) . 15 Bond Stores (1.60)- 17t Borden (1.60) - 241 Borg-Warner (2)__. 184 Bower Roll B(2g) - 7 Bridgpt Brass .658 - 18 Brigss Mfg (2.508)- 33 Briggs & Strat (5) - 29 Bristol-My (2.408) _ 8 Bklyn-Man Transit. 3215 Bklyn-Man pf (6)-- 1 Bklyn & Queen 6% Bklyn & Q T pf 19% Bklyn Un Gas(1.60). 37 Brown Shoe (3) 6 Brunsw-Balk.50g-. 6% Bucyrus-Erie .25g 94% Bucyrus-B pf (7)--. 24 Budd Mfg__ 35 Budd Mfg pf- 213 Budd Wheel (.20g) - 10% Bullard Co (1) b 26 Bulova Watch 7 Burlington Ml]l!(l) 15 Burr'gh Add M(1a). 1% Bush Term (r) - _. 8 Bush T 7% deb (r)_ 514 Butler Bros (.60) . 16% Butler Bros pf(1%) 2V, Butte Copper & Z 6 ByersCo . 24 Byers AM pf 2.50k... 12% Byron Jackson(2a)-x 1 Callahan Z-Ld 4 Calum & Hec 1.108- mu Campbell Wy (1) . 943, 101% T 394 4013 4 6l 2 2% 33 Cannon Mills 13%g-. 18 Carpenter Stl 1.60g. 275 Carriers&Gen .15g. 89 Case (J 1) (68) 1('9 Case (J 1) pf (7 .‘)'Wa Caterpillar Trac(2) Celanese (2.25g) - Celotex Corp 1.208-. Celotex pf (5) _ Cent Aguir (1%a, Central Fdy Central R RN Central Violeta Sug. 40% Cerro de Pasco(4a). 3% Certain-teed . 1815 Certain-teed 6% pf. 2913 Champ Pap & F (2). 5 Checker Cab Mfg... 41% Ches Corp (3) . 31 Ches & Ohio (2.80a 2 Chi & East I1l pf(r). 1 ChiGt West (1) 3 Chi Gt West pf (1)~ 10 Chi Mail Ord 1.50g-. % Chi MStP&P (r)_. 1% Chi M St P&P of(r). 1 Chi&ENW(P) . e 3 Chi& N W pf (r) 6% Chi Pneu Tool - 29% Chi Pneu T cv pf(3) 1 ChiR1&Pac(rj.. 1% CR1&P 7% pf (r). 61 Chi Yell Cab 1%&-. 12 Chick Cotton Ofl.ea % 3 ChildsCO . cccmme 52% Chrysler (78) - cemm. 11 City Ice & F (2) e 70 City 1 & F of (6%)- 2 City Stor 5 - pf(4%) 23 Clev Graph B1%g.- 28% Climax Molybd .90s. 131 Cluett Peabody (1). 933, Coca-Cola (3) .—ccue 56% Coca~Cola A (3) ——en 8% Colgate-P-P (.50) .. 20% Collins & Alk (48)-. 4 100 Collins & Ak pf(5). 1 7 11% Colo Fuel & Ir (18) 27% 5% Colo & South . 9 Colo & South 1st pf. 8% Colo & Sou 2d pf__ .. A 24% +1% 88 + K 11% +1 10% + % 9% + W 20s 4 102 109 106 +3 109 608 ~1% 264 + % 31 +1 60 +2% 26% + % W%+ % - P T IS PAN 2 LT o = =3 9 4% 4% 4% + 107 106 106 2 31% 30 31% — % 35% 36% 15% 17 +1% ll 119 114 117 +24 1 68% b58% B8% + % 27 12% 11% 12% + % 11736 32% 35 +3 10! 101% 101% 101% — % l '6 18'6 + % lg% l!% +2% 20 20“ + llOl 10 108 13% 10s 10 3 21 8 18014 135' 109 17 198 163 3Tt 16 94 Dow Chem (3.358) 13 Dul S S & Atl pf(r). 1's Dunhill Intl 113% Du Pont (4.7 130 Du Pont deb (6) 107% Dupont de N pf 4.50. 215 Eastern Roll 145 Eastman Kodak (8) 150 Eastman Ko pf (§). 1514 Eaton Mfg (2.508) 3 Eitingon Sch 15'% Elec Auto L(2.20g). 3% Elec Boat____ 3% Elec & Mus (.18 6y Elec Pow & Lt 24 ElecP&L3$6 DL.__ 27 KEleeP& Lpf. - 22 Elec Stor Bat (2)_.. 113 Elk Horn C1pf (r). 14'5 El Paso Nat G (2) . 513 105'3 Endicott-Joh pf(5) 32% 17 Tl 15% 9% 33 19% 15% 8618 19% 14 3214 65 126% 524 647 A 3% 644 6578 70% 122% 15% 60 19 38 3 Eng Public Servi: 41 Eng Pub Sve pf (5). 1% Equit Off Bldg-. 4% ErieR R 8% Erie1st pf_. 5 ErieRR 2dpf.. 3 Eureka Vacuum Cl. 7 EvansProd (1) ... 1% Exchange Buffet. 1 Fairbanks Co. 7l Fairbanks pf 23ty Fairbanks Mrse(la) 26 Fajardo Sugar(3g). 715 Federal Lt & Trac. 66'3 Fed Mining & Sm. 2 ¥ederal Motor. 214 Federal Screw ... 14 Federal Wat Sve A. 17 Fed Dept Strs (2) .. 65 Fed DStrpf (4%)_. 225 Fid Phoenix(1.608). 16'4 Firestone T & R(2). 30 First Nat Strs(2%). 11'3 Flintkote (1) - 1'3 Follansbee Bro; 27 Food Mach (2. WA)- 11% Foster Wheeler ... 70 Foster-Wheeler pf- 2% Francisco Sugar. . 55 Franklin Simon pf.. 18 Freeport Sul (1g) - 102 Freeport Sul pf (6). 6'% Fuller 2d pf. - 1'a Gabriel A . 3% Gair (Robert) _. 20 Gair (Robt) pf 10'4 Gamewell . 4 Gar Wood Ind (%g) 5'3 Gen Am Inv. 383 Gen Am Trns(1%g) 5 Gen Baking (.60) . 38 Gen Gas & Elec pf-. 48 Gen Mills (3) _ 31% Gen Motors (2% &) 111 Gen Mot pf (5) 31 Gen Out Adv. 211 Gen Out AdV A 815 Gen Prtg Ink(.608)- 1% Gen PubSve .. —-= 17 Gen Ry Signal (1)-. 1 GenReal&Utll o 14 Gen Real & Utpf... 1315 Gen Stl Cast pf 915 Gen Theater Eq.75g 19% Gen Time In (1a) .. 8 Gen Tire&R (.508) 8 Gillette Saf R .758. 56 Gillette pf (5)-. 7% Gimbel Bro 491 Gimbel Bros pf (G). 20% Glidden Cq (23) - # Glidden rts_.Dec 15 11 Gobel Adolf__. 2 Goebel Brew (. 20-), 13 Goodrich (BF) 1g.. 50 Goodrich pf (5) 16% Goody'r T& R 1.50g. 77 Goodyr V&R pf (6)- 31 Gotham Silk H 55 Gotham Silk pf (7)< 1% Grand Union.. 10 Grand Union pf 2. 16% Gran City St1 1.50__ 251 Grant (WT) (1.40a) 2315 Great Northn pf 2g_ 10 Grt Nor Ore ct(%g) 2315 Grt Wst Sug(2.40a) 15% Green (HL) (1.60a). 7% Greyhound (.80) .. 7% Greyhound pf (.55). 74 Guantanamo Sug-.. 314 Gulf Mob & Nor.... 12 Gulf Mob & Nor pf.. 26% Hack W pf A (1%)- 4% Hall Print__ 19 Hamilton W (l 25‘) 92 Hanna $5 of (5) -~ 18 Harb-Walk (1.508)- 5 Hat Corp (.808) 71% Hat Corp pf (6%)-. 1% Hayes Body- . . 80% Hazel-Atlas Gl(fil). 6 Hecker Prod (.60a). Hercules Mot (1)2.. Hercules Po pf (6)- Hershey Choc (3).. 8 Hersh cv pf (4a) 15% Holland Furn 1.50 10 Hollander (1).———w. 15% Holly Sug (2%8) -~ 39% Homestake Min 4%. 6 Houd-Her B (1%).. 82 Househld Fin pf(5). 4% Houston Ofl . - 37 Howe Sound (38)... 1% Hudson & Man. ... 4 Hudson MOtOT ceeeu 1% HuoD MOtOr - — e 8 Illinols Central-.ew 2 109% 10- 105‘1 8 1 = 43 9 [re AR BrowDe- —a oo Sx~a g T 47 34 9y 274 6% 24'a 15% 106'3 7 47 "1‘1 13% + % 164‘a 97 28 103% 23 15% 40 27% % 4% Lortllard (P) (1.20) Lorillard pf (7) .- Louisv G&E A 1% _. Louisv & Nash(5g)- Ludlum Steel (1) .. McCall Corp (1%)- MeCrory Strs. . McGraw Elec (1) McGraw-H .57%8 - Mcintyre Pore (2). x McKeesport T (2) .. McKesson & Rob .. McKess & Rpf (3). McLellan Strs 958 MecLellan pf (6) - Mack Trucks (1) Macy (R H) (2a) Mad Sq Gard 1.3 Magma Cop (1%48)- Manati Su: pf (r) Man Ry mod gtd(r) Manhat Shirt (1) Maracaibo Oil. Marine Midl (.40a)_ Market St Ry pf ckwl (38) Martin-Parry. Masonite (18) Math Alkall (1%) - May Dept Strs (3a) 4 Mead Corp (18) - Melville Shoe (5) - Menger__ Mengel 5% pr(2%). Mesta Mach (3.75g) - Miami COpper o . Mid-Cont Pet (%g) Midland Steel (2) _ Midland St} 1 pf(%). Minn-Hon Reg (3)- Minn-Mol Imp Minn-M P pf 6.50k . Minn StP&SSm LL. Mission Corp (18)-. Mo-! Mo-Kan-Tex pfoe—— Mo Pacific (r) - Mo Pacific pf (r) '« Mohawk Crp(1.20a) Monsanto Ch 1548 Montgom Ward(2a) 5 Morris & Esx (3%)- Mother Lode Motor Prod (2.608)_ Motor Wheel (1.60). Mueller Brass (1a). « Mullins Mfg (B).- Mullinspf (1) - Munsingwear 1.50g. Murphy (G C) 3.60- Murphy pf (5)-cmee Murray Corp - Myers (F E) 3.758-. Nasn-Kelv (1) Nash Chat & 8t Nat Acme (.508) Natl Aviation _ Natl Biscuit (1.60) - Natl Bnd & Inv 1.44. Natl Cash Reg (18) - Natl Dairy P (1.20). Natl Dept Strs_ - Natl Dept Strs p! Natl Distill (2) Natl En & Stpg (2)- Natl Gypsum . -—-—— Natl Lead (%)- Natl Mal'able 1.50g- Natl Pw & Lt (.60).x Natl Steel (2.50a) - Natl Supply (Pa) - Natl Supply 5% pr_. Natl Supply $2 pref_ Natl Tea (.30%) .-~ Natomas (.80) __ New Orl T & Mx (). Newp't Indust (2g). N Y Afr Br (1%8) N Y Central . __ N Y Chi & St Louis NYChi&StLpf._ N Y City Om 2.408.-. 14% North Am (.90g) - 8% North Am Co Df(!)_ 93 North Am Ed pf(6). 9% Northern Pacific.. 1% Norwalk T & R 15 Norw Tire pf 3%1(. 9 Ohio Ofl (%8)-. 25 Oliver Farm. 11215 Otls Steel pr pf (7)- 556 OtisStlistpf5% . . 14% Outboard M (2.50g) 63 Owens-I11 G12.508 .. 9% Pac Am Fish (1.20). 214 Pac Coast 7% Pac Coast 1st pf... 4 PacCoast2dpf .. Pac Finance (1.80) . 12% Pac West Oil (.65e). 4 Packard Mot(.25g). 1 Panhandle P&R (r) 29 Panhan P&R pf (r). 38 Paraffine (38) ... 81 Paramount Piet. 80's Paramount 1 pf (6). 8 Paramount 2 pf(.60} 184 Park & Tilford (2).. 1 Park Utah 28 Parke Dav: 28 3 2 34 1419 14 4 30% + Attt 1% 52 55 45 43% 46 +3 14% 15% + % 107% 109% +5% 13% 13% + 4 33% 34 + % Richfield Oil Corp . Ritter Dental .75g . Ruberoid (.60) - Safeway Strs (2) .. Safeway Strs pf(5) StJoseph Lead(2a) St L-San Frn of (r) Savage Arms 1.508 i Schenley Distill(3). Schenley pf (5%) - Schulte Ret (r) . Schulte Ret S pf(r). Scott Paper (1.058). Seaboard Air L (r) - Seaboard A L pf (r) aboard Ofl (1)_. Seagrave Corp Sears Roeb (3) .- Servel Corp (1a) Sharon Steel (1.20). Sharon St1 pf (5) - Sharp & Dohme . Shattuck FG (.60) Shell Unfon (%8) Shell Un pf (5%4) - Silver King (.908) Simmons Co 1.7 Simonds Saw ( Skelly Oil (18) & Cor (1%2). Snider Pack (1%8)- Socony Vac .508) Sou Am G & P .20z . Southern Ry pf. Spalding .- Spalding 1st pf. Sparks With Spear & Co._ Sperry Corp (.608) Spicer Mfg (28) Spiegel, Ine (1) Spiegel pf (4%) Square D Co (.958) Stand Brands (.80 Std Bramds pf 4.50 Stand Com Tob. Stand Gas & El (r). Stand G & E pf (1) - Std G&E §6 prpf(r) St G&E 7% p pL(r)- and Invest Stand Oil Calif (1a) Stand Oil Ind (1a) .. Stand Ol NJ (1a) .. Starrett (L S) 3g ... Sterling Prod(3.80). Stewart-Warn(%a) Stokely Bros 1.20g.. Stone & Web. - Studebaker .. Sun Ol (1a) Sunshine Mng (3) .. Superheater (1.758) 2 Superior Oil Superior Steel Sutherl’d Pap 1.60a. Swift & Co (1.20) . Swift Intl (2) - ymington ww GDI! Symingtom xw .60g. 3 Talcott (J). 60a____ 4 Telautograph (.60). « Tenn Corp (%g) - '« Texas Corp (2) .. Texas Gulf Prod... Tex Gulf Sul (2a) - 2 Tex & Pac Ry % Tex Pac C&0 (. lO)_. » Tex Pac Land Tr... Thatcher (.758).es The Fair. ‘The Fair pf (7 Thermoid o Thompson (JR) _o Thomp Prod 1.40g-. Thompson-Star .. Thompson Starr pf. » Tide-Water As(la). Tide-W As pf (43%2). Timk-Det Ax .60g . Timken Roll B(3a)_ Transamerica Corp. . Trans & West Alr__ Transue & W (.30g) Tri-Cont Corp (%g) Truax-Traer (.80)_. Truscon Steel - 20th Cent-F 1.50g. 20thC-FFpf 1% .. 2% TwinCity RT ___.. 40 Twin City f (TK) . 7 Twin Coach (.458)-. 1% Ulen&Co . 57 Und'w'd-El-F 3.25g. 9 Union Bag & Paper.. 67 Union Carbide 3.20g 17% Union Oil Cal 1.20a. 86% Un Pacific (6) 2244 Un Tank Car (1.60). 10% Unit Aircraft (%g). 5% Unit Air Lin Utd Am Bosch Unit Biscuit (1.60)- United Carbon (4a Unit-Carr Fast (2)- 2 UnitCorp.... 25% Unit Corp pf (l).._ 5 Unit Drug (%g)--— 6% Unit Dyewood (1a). 2% Unit Elec Coal 24 Utd Eng & Fdy (2)-- 52 Unit Fruit (3) 9 Unit Gas Imp (1)~ 315 Unit Paperbd (.308) 4% U S Distrib pf. 1 61 U S & Forelgn Sec 515 U S Freight (1%e)- 63 USGypsum (2) - 6'% U S Hofrman Mach. 16% U 8 Indus Alco. 3% U S Leathe; (Continued on Page A-19.) ? 3% 4 T 1814 25% 20% + % 987y + 219 +1% 9+ % % + % +14 +h 26 7 70 80 21% 99y 24 19% EEY 104 19% 65 25 313 32 8% 13% 5% 3315 603 11% 6% 8%y Sl 10% 63% 10% 21% 6 -5 +1t + % +2% +1% + % + + % + % +2% + % + +1% + % + % + % +1% + % +.% +1 + % + % +1 -5 + % +.%| | has very little money to live on. Gains eased off at the close. Trans- fers were around 2.800,000 shares. An expansion of buying orders in American securities was reported from | abroad and foreign markets improved. | At the same time the principal Euro- pean currencies were much higher in terms of the dollar Steels pointed the way for the early share sprinters, apparently heartened by Bethlehem's favorable earnings statement and signs of a nearby break in the downtrend of mill operations. Conspicuous on the upward tilt most of the time were United States Steel, Bethlehem, Republic, Youngstown Sheet & Tube, Crucible, National Steel, Inland Steel, United States Steel pre- ferred, General Motors, Chrysler, American Can, Westinghouse, General Electric, Du Pont, Allied Chemical, Monsanto Chemical, United States Rubber, J. 1. Case, Deere, Douglas Air- craft, American Telephone, Peoples Gas, Consolidated Edison, Anaconda, Kennecott, American Smelting, Skelly 0il, Standard Oil of New Jersey, Santa Fe, New York Central, Southern Pa- | cific, Atlantic Coast Line, Johns-Man- | ville, Corn Products, Eastman Kodak, Liggett & Myers “B,” Owens-Illinois, Dow Chemical, Canada Dry and Inter- national Paper & Power common andy 1 prelerred. CHICAGO GRAIN | By the Associated Press CHICAGO, Oct. 29.—Reactions of securities counted as a weight on wheat values today toward the last. Export business in North American | wheat today was estimated at about 1 500.000 bushels, chiefly United States hard winter. Premiums on high grades of Canadian wheat were off 2 centsd | a bushel. At the close wheat was ¢-73 under yesterday's finish, December, 96-96's, May 95',-35: corn unchanged to 3; lower, December 587g-59, May, 58%, and oats 1;-3gup. WHEAT— Open Dec. May July Hish. Lo 93 8615 013, RO1% #0%% v 383 a0ty B0 207 13.25 Chicago Cash Market. Cash wheat, No. 1 hard, 1.07; mixed, 97'2; corn, No. 3 yellow, 59; No. 3 white, 59: oats, No. 1 white, 331,-34; No. 2 white, 32!2-33%; ryeg buckwheat, No. 2, s, No. 2 yellow, 97!2-0i No. 3 yellow, 972-98: barley, sales, 83- 88; feed. 42-60, nominal; malting, 60- 68, nominal; timothy seed, 2.25-65 cwt.; red clover, 27.50-32.50; sweet clover, 7.00-75. Baltimore Quotations. BALTIMORE. Oct. 20 (#.—Wheat. No. oredominter.” garlicks, "spot, domestic, October, 1.01. Winnipex Pric WINNIPEG, Oct. 29 (#.—Grain ranse today NEW YORK COTTON By the Assoclatea Press NEW YORK, Oct. 29.—Irregular fluctuations continued in cotton to- day. Slight opening losses under hedging were recovered during the noon hour, but prices turned easier in the afternoon in sympathy with a partial reaction in the stock market. Business was still of limited pro- portions. March, which advanced to 8.12, re- acted to 8.02 in midafternoon, when the list was 3 to 5 points net lower. Futures closed steady, 1 higher to 1 High. lose. 6 2 1 R i 7 1 LY Towe December January -~ March May . July October . 2 Spot stead: Ing. FuE PRy Air Reduction Co.—Common share earnings, nine months ended Septem- ber 30, were $2.42, against $2.08. 4 8.1 1 81 .0} 8.1 81 X &1 0 .1