Evening Star Newspaper, November 1, 1937, Page 16

FINANCIAL. THE EVE NG_STAR, WASHINGTON, D. C, MONDAY, NOVEMBER 1, 1937 BUSINESS AWAITS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Star. CONGRESS SESSION A.B. A. Review Says Recent Break in Stocks Exag- gerated Trade Dip. By EDWARD C. STONE. The slower rate of business activity eharacterizing the autumn months has undoubtedly been exaggerated by the action of the securities markets, it is declared by Banking, official publication of the American Bank- ers Association, in its November issue. Production is most lines dur- ing the first three quarters of 1937 exceeded the same period in 1936, it points out. Business is waiting to see what Congress will do when it meets this month. Wage and hour legislation, crop con- trol and taxation are matters of such real concern to every individual who earns a living that the probable course of events at the coming session is as- suming unusual importance, the re- view says, During the summer it became ap- parent that inventories had been built up to an unusual degree in antici~ pation of higher prices which failed to materialize. This abnormal situ- ation is emerging as one of the principal reasons for the present lack of orders and the spirit of hesitancy in making commitments of any kind. Fundamentals have changed but slightly from midsummer. Prices of farm products have declined greatly, especially in cotton and wheat, but the changes are the result of large crops which promise increased returns despite lower prices. The moderate re- cession in industrial activity has been counteracted by wage increases, and the result is a fairly stable purchasing power for consumers. Wholesale and retail trade have been spotty, largely because of varying weather, but it is noted that where weather has been reasonably favorable trade has maintained a satisfactory level. One significant fact is to be noted in the disposition of manufactur- ers to make and retailers to stock moderately priced rather than more expensive goods. The general trend in retail trade is material improvement over that of a year ago with the increase gradually narrowing, the review concludes. Edwards New Research Head. In announcing the creation of a new research council to co-ordinate and expand the research activities of the American Bankers Association, Dr. Harold Stonier, executive manager of the association, stated today that Gurden Edwards, public relations di- rector of the A. B. A. for the last 15 years, has been named director of the council. Mr. Edwards joined the American Bankers Association in 1922. In ad- dition to being public relations direc- tor, he has served as secretary of its Economic Policy Commission since 1928. He is the author of a number of studies on banking subjects pub- lished by that commission and has been a contributor of many articles to financial and general publications. Mr. Edwards is a former newspaper man. At the time of the World War he was with the New York office of the Associated Press. He was in Wash- ington for a time serving with press bureaus of the Liberty Loan organi- zation. Loan Magnates to Confer. Automobile finance leaders from the ‘East and South wiil take an important part in the fourth annual convention of the American Finance Conference in Chicago November 10 and 11, Among the Washington members ex- pected at the convention are Lewis W. Cass, vice president, Federal Service Finance Corp.; Philip Milestone, president, Milestone Finance Corp.; 'T. T. Mott, president of Mott Motors, Inc, and R. M. Sigwald, president of Sigwald, Ltd. Credit and financial questions vitally affecting the installment purchase of automobiles throughout the Nation will be acted upon by the 600 delegates, ‘who will also consider general business and legislative problems. The headline speaker will be Sena- tor Alben W. Barkley on ‘“Monopoly and Government.” Henry H. Heimann, executive manager of the National Association of Credit Men, will speak on “The ABC of Business Presperity.” Investment Rankers to Meet. The annual convention of the In- westment Bankers Association of America opens at White Sulphur 8prings, W, Va., Wednesday and con- tinues the rest of the week. The ‘Washington delegation will be headed by Y. E. Booker, senior partner in the firm bearing his name. Others plan- ning to attend include J. Clifford Folger of Folger, Molan & Co., and Wilfred L. Goodwyn, jr., of Brown, Goodwyn & Olds. Among the speakers will be T. Jeffer~ son Coolidge, formerly Undersecretary of the Treasury; Ellsworth C. Alvord, & Washington attorney, and George C. Mathews, a member of the Securities and Exchange Commission. Frank R. MecNinch, who recently left the chair- manship of the Federal Power Com- mission to become chairman of the Federal Communications q;mm;sswn, is also on the program, to speak on “Federal Regulation and Power Se- curities.” Other timely topics are to be featured. Bankers Press Chest Drive. ‘Washington bankers are taking an active interest in the Community Chest campaign. Frederick P. H. Siddons is general chairman of the Financial ‘Group, which includes the banks and brokerage houses. His assistants in the banking district include Archibald MoLachlen, Hilleary G. Hoskinson and ‘William B. Willard. The firm of Hall, Peters & Bryson, Southern Building, which was listed in the Metropolitan Group at one time, has been trans- Gurden Edwards. ferred to the brokers' group. The group is in charge of L. Clark Brown, who is this year's president of the ‘Washington Bond Club. ‘Today’s Trading on Exchange. ‘The largest turnover in any issue on the Washington Stock Exchange to- day was a 50-share sale of Real Estate Mortgage Guaranty preferred stock at 5. ashington Gas Light preferred appeared on the board at 98, un- changed from last week’s close. In the bond division, Capital Traction 5s changed ownership at 72. Making friends for industry is the most important job now facing busi- ness management, Lewis H. Brown, president of Johns-Manville Corp., de- clared in a speech before the annual convention of the Association of Na- tional Advertisers at Hot Springs, Va. A Prev 1037 High. 65 Stock and Low. Dividend Rate, 38 Abbott Lab (1.60m). 9 Adams Exp (.30g)... 17% Adams-Millis (2) .. 164 Addressog (1.40) ... 1% Advance Rumley... 53 Air Reduction (1a). % Air-Way El Ap 8 Alaska Jun (.6l Alleghany __ Alles pf $30 ww__—. Alleg pf $40 ww.. Alleg pf xw.. 10t Alleg prpf _ 13 Alleghany Sti1.60.. 6'3 Allen Indus (1).. 258% 150 Allied Chem () -omn 334 21% 8% 264 567n i0 Allied Mills (2g) 615 Allied Stores (.20a 34 Allis Chalm (2g) .. 8% Alpha Portland (1). 1% Amal Leath 10 Am Bank Note 'AK- 28 Am Brake Sh (2g) 793 Am Can (4a) __ _ 154 Am Car & Fy (%g)- 86 Am Car & F pf (4g). 11% Am Ch&Cable 1g_.. 5% Am Colortyp 8% Am Comel Alco. uxy Am Crys Sug 3. 25g_ Am Encaustie Til.. "1 Am & Foreign Pow. 19 Am & For Pw $7 pf_ 5% Am & For Pw 24 pf. T% Am-Hawaflan S (1) 2!, Am Hide & Leath._. 1ia 6% 141 53 10% Am Mach &Fy (1)_ 3 Am M & Met (.60)_. 29 Am Metal (1.258) 26 AmP&L $5 pf (5)- 31 AmP& L $6pf (6)- 9% Am Rad & St §(.60) #513 Am Rolling Mill (2) 70 Am Roll M cvpf 4% 17% Am Safety Raz (2)- T2 Am Seating (%g)-. 27 Am Shipbldg (2a).. 45% Am Sm & Ref (4g) .. 133 Am Smelt pf (7).__. 22% Am Stl Foun 1.50g.. 102 Am Stores (1.50g) . 284% Am Sugar Ref (2).. 143% 10475 Am Sugar pf (7) -—m 187 140 Am Tel & Tel (9)._. 997 682 Am Tobacco B (5)_. 15045 128% Am Tob pf (6)-cee 204 29% 14% 9 20 T9% 691y 24% 37k 111 138, 7043 16% 17% 24% 7 106 94% 5513 29 48 37 4% Am Type Fdrs_ 8 Am Wat Wks (. 60:) 3l Am Woolen__ 30's Am Woolen p: 3% AmZincL&S . ___ 2743 Am Zinc pr pf 2.50g. 24% Anaconda (1%g). - 10 Anchor Cap (.45g) 7 Andes Copper._ 93 Armour Del pf (7) 4% Armour (I11) .70g 80 Armstrong Cork 474 Arnold Const (%8g)- 2% Artloom _ 6 Asso Dry Goods 82 Assoc In pf ww(5). 35 AtchT&SF (28)-. 18 Atlantic Coast Lin 5 AtIGulf& W Ind _. 9 Atl Gulf&W Ind pf_ 18 Atlantic Refin (1) .. 1161 1013 Atl Refining pf (4)- 1815 T% Atlas Corp (.80) ... 133 11238, Atlas Pow pf (5) 18% 36% 9y 5215 9% 238, 403 e 41 19 6% 20 37% 38% 17% 35% 9% 191% 129% 100 41% 48% 12% 14y 863y 23% 82 63% 111 9015 687 13% 4 32 K % 6%, 19% 33 10% 27% 15% 135% 21% 92 10% 11'4 102% Clev EI Illu pf“l/.) llOl 107 48% 29% 170% 59 25% 104% 623 51% 105% 102 Cons Ofl pf (5) uw 92% 37% 3T 5% 4% Atlas Tack (.508) - 6% Auburn Auto__. 2 Austin Nichols. 15% Aust Nich pt A(Sk) 2% Aviation Corp._.... 5 Baldw Lo ctfs w. 8% Balto & Ohfo__ 10 10% Barber Co (1g) 9 Barker Brothers_ 28 Barker pf (2%)-. 10 Barnsdall (1) 9% Bayuk Cigar .56 % 8. 134 Beatrice Cr (1a. 7% Beldin-Hem (1) _ 8!« Bendix Aviat.75| 15 Beneficial Loan(2g) 37% Best & Co (2%a. Beth Steel (4g) . ___ 14 BethSt5% pf (1) 87 Beth St17% pf (7). 28 Bigelow-San (38)_. 13 Black & Deck (1a) . 9 Blaw-Knox (.70g)-. 16 Boelng Airpl = 21 Bohn Alum (2.75g). 39 Bon Ami(B)(2.50)_. 17% Borden (1.60) - 244 Borg-Warner (2)__. 3 Boston & Maine 18% Bower Roll B&(2g)- 7 Bridept Brass 18 Brigss Mfg (2 33 Briges & Strat (5) . 8 Bklyn-Man Transit. 32! Bklyn-Man pf (6).. 1 Bklyn & Queens_. 6% Bklyn & QT pf 19% Bklyn Un Gas(1.60). 6 Brunsw-Balk .508 . 6% Bucyrus-Erie .25g.. 244 Budd Mfg__ = 35 Budd Mfg pf. 215 Budd Wheel (.20g) - 10% Bullard Co (1) 26 Bulova Watch (4 7 Burlington Mills(1) 15 Burr'gh Add M(la). 1% Bush Term (r) ___. 10 Bush T Bld pf et(r) 5% Butler Bros (.60) . 16% Butler Bros pf(1%) 2Y% Butte Copper & Z... 6 ByersCo __. - 24 Byers AM pf 2.50k_. 12 Byron Jackson(2a)- 1 CallahanZ-La.___. 4 Calum & Hec 1.10g. 10% Campbell Wy (1) 9% Canada Dry G Al 674 Canadian Pacific__. 18 Carpenter Stl 1.60g. 2% Carriers&Gen .15g-.. 89 Case (J I) (68) 109 Case (JI) pf (7). 53% Caterpillar Trac(2) 2:30 p.m, Bales— Add 00. High, Low. Close, chge 2 38% 38% 38 55 44 1 2 10 508 29 1 15 15 3 2 5 20 4 73 3 408 10 1 72 3 2 1 2 7 40 2 608 1 9 9 2 8 8 4 3 7 0 8 6 2 15 46 108 lfi 2 1 10 3 308 6 2 24 3 208 16l 81 20% N 10 101 208 109 109 3 17 Celanese (2.25g) ... 24508 25% 21 Celotex Corp 1.20g-. 2 Central Fay - 315 Century R M (.40g). 40 Cerro de Pasco(4a). 314 Certain-teed ___. 181; Certain-teed 6% pf. 29%3 Champ Pap & F (2). 105 Champ P & F pf (6) 41% Ches Corp (3) __ 31 Ches & Ohto (2.80a) 2 Chi & East 11 pf(r). 1 ChiGt West (r) __. 10% Chi Mail Ord 1.508.. %" Chi MStP&P (r)_. 1t Chi M St P&P pf(r). 1 Chi&NW . .. 3 Chi&N W pf (r)... 6% Chi Pneu Tool ... 1% CR1&P 7% pf (r). 614 Chi Yell Cab 1%g._ .. 3 Childs Co 52% Chrysler Corp ]Dg_. 11 CityIce&F (2) __. 70 City 1&Fpf (6%)- 2 City Stores . 23 ClevGraph B1l%g. 1314 Cluett Peabody (1). 93% Coca-Cola (3) 5614 Coca-Cola A (3) 8% Colgate-P-P (.50).. 97 Colg-Palm pf (8) .. 20% CoHins & Aik (58) . 11% Colo Fuel & Ir (1§). 5% Colo & South ... _. 18 Col Brdcsts A 1.05g. 4% Colum G & El .45 _. 68% Col G & El pf A (6). 10 Col Pict vte (18) ... 75 Col Carbon (48) ... 331 Comel Credit (42). 90 Comcl Cred pf 4% .. 391 Comcl Invest Tr(4). 5 Comcl Solv 1.60) .. 1 Comwlth & SOU.... 34 Com & Sou pf (3)... 4% Conde Nast e 21 Congoleum-Nrn(2). 6% Conn Ry & Lt pfe. 8 Consol Afrcraft ... 4% Consol Cigar._. 63 Con Cig p pf ww C% 79 Cons C prpf xw 63 22 Consol Edison (2)-- 93 Consol Edis pt (5).. 1 Consol Film. . .ceee 4% Consol Film pf.... 3% Cons Laundries..... 7 Consol Ofl (.80a)... % Consol Textile 3 Consol Coal 80% Consum Pw pf 4.50_ 10% Container (1.20) .. 7% Contl Baking A-eee 1 Contl Baking Bewew 4 1 28 19 20s 31 2 34% 34% 108 105% 105 s 105% + % 2 49% 49 49 38% 38% —1% 4% 4% - 1% 1% + 14 14 1% 1% — 2% 2% — 2% 2% + 6% 614 — 13 3% 11% 614 3% 14% = FERFFESSEFF 2(.‘. 4 106 11 30 8 119% HBK 119% +"’4 58 — 1 12% 12% — Y% 95% 95% —1% 33% 85 + 18 18 —-w 88, 8% — % 20% 20% — 14 9 79 17% 87 44% 88% 47% 12‘n 9 —2% 17% — % 87 =1 44% —1% 8814 —1% 48% — % 9 —-u 2 -4 46 41 8% 25% — S 10 +1% 13% + % 8% — % 6814 ~1 68 -9y 25% — W 508 l 60' 408 41 8 1101 101 101 1 % % % 2 b 5% 5%-—14% 1 81 8l% 8l4 — % 21 18 17% 18 18 1% 13!6 13% — 20 2% SK + Ifi Prev. 1087 Net | High, Low. 69% 41% Contl Can (3)__. 1804 115% 17 198 163 3% Ta 15% 39Y% 83 106% 19% 15% 8613 122% 15% 19 110 5% 655 39% 135% 125 52% 30% 9%—%!1 1 203 8% 181 24% 43% 21% 58% ki) 15 11 2:30 p.m. Btock an D]vldend mu. 5% Contl Diamond ! 1“‘ 23 Contl Ins (1.60a).. 7% Contl Motor. .. 24 Contl Ofl(DOX)H‘l. 9% Contl Steel (1) 47% Corn Exchang: - 650% Corn Prod (3) ceee. 3 Coty. 27 Crai e —— 90 Crane Cocv pf (5).. 21% Cream of Wh (2g).. 7 Crosley Radio_ ... 31% Crown Cork (2).._. 40 CrnCkpf ww.2% ., 81 Crown Zeller (%g). 21 Crucible Steel . 2% Cuban-Am Eu'lr._. 16 Cudahy Packing.... 4 Curtis Pub 48l Curtis Pub pf 6. 25k 2 Curtiss-Wright. 814 Curtiss-Wright 30 Cushmanpt.__ 23% Cutler-Ham (ne 6 Davega Stores (1s). 96% Dayton P&L pf 4% . Deere & Co (2g).... 21 Deere & Co pf(1.40) 8 Deisel-Wem-G (1a) 13 Del & Hud 5 Del Lack & W 1% Den&Rio GW pf(l‘). 98% Detroit Bdis (6g) .. 1813 Diamond Mat (1a).. 30 Diam Mat pf(1%aj. 6% Diamond T Mot (1). 10 Dist Corp-Seag 15 Dixle-Vortex (1%). 16% Doehler Die(1.50g). 35 Dome Mines(4.508). 26% Douglas Alrcraft_.. 9 Dresser B (1e) .. 1% Dunhill Intl ___.._. 113% Du Pont (4.75g) ____ 109's Duquesne 1st pf(5). 2% Fastern Roll 145 Eastman Kodak (8) 150 Eastman Ko pf (§). 15% Eaton Mfg (2.50g)-. 3 Bitingon Sch 15'% Elec Auto L(2.: 203). 3% Elec Boat_. 3% Elec & Mus (. 1!5).. Elec Pow & Lt ..o ElecP& L $6 pf_. Elec P& L pf. Elec Stor Bat (2) ... Elk Horn C'1 pf (r). El Paso Nat G (2) Endicott-John (3) .. Erie 1st pf _ ErieRR2dpf. . _ Eureka Vacuum Cl- Evans Prod (1) . & Exchange Buffet..... Fairbanks pf_ Fairbanks Mrse(1a) Federal Lt & Trac. Federal Motor Federal Screw Federal Wat Sve A. Fed Dept Strs (2) ... Fed D Str pf (43%) . Fid Phoenix(1.60a). 3 Firestone T & R(2). Firestone T pf (6) . First Nat Strs(2%) Flintkote (1) Florence Stov 1.50g. Follansbee Bros __. Food Mach (2.50a) Food Mach pf(43:).- 4 Foster Wheeler Foster-Wheeler pf_ Francisco Sugar __ Freeport Suphl (2) Freeport Sul pf (6). 615 Fuller 2d pf s 1'x Gabriel A 3% Gair (Robert) 20 Gair (Robt) ptf (3 10% Gamewell ____ 90 Gannett cv pf (6) . 4 Gar Wood Ind (%E) 515 Gen Am Inw. 38!3 Gen Am Trns(1%g) 5 Gen Baking (.60)-—. 2! Gen Bronz 6% Gen Cabl. 14% Gen Cable A 2215 Gen Clgar (2.50g) 34 Gen Elec (1.20g).. 2814 Gen Foods (2) % Gen G&ElA_ 31% Gen Motors (2%E§)- 111 Gen Mot pf (5).. 315 Gen Out Adv. 81 Gen Prig Ink(. 103% Gen Pr Ink pt (6) 1% Gen Pub Sve __ 17 Gen Ry Signal (1) 1 GenReal& Util____ 14 GenReal& Utpf... 18 Gen Refract (2h)_. 13!3 Gen Stl Cast pf. 913 Gen Theater Eq.75g 8 Gen Tire&R (.50g)-. 8 Gillette Saf R .75g. 56 Gilletts pf (5) 7% Gimbel Bros 49 Gimbel Bros pf (6)- 20 Glidden Co (2a) - 43 Gliddencv of (2% # Glidden rts__Dec 1. 1% Gobel Adolf_______. 2 Goebel Brew (.20a). 13 Goodrich (BF) 1g_. 16% Goody'r T& R 1.50g_ 77 Goodyr T&R pf (5). 31 Gotham Silk H 1% Graham-Palge. 3 Granby Consol 10 Grand Unpf 2 16% Gran City St1 1.50 _ \ 2513 Grant (WT) (1.40a) 2313 Great Northn pf 2g 10 Grt Nor Ore ct(%&) 15% Green (HL) (1.60a). 7% Greyhound (.80) . % Guantanamo Sug-.. 12 Gulf Mob & Nor pf.. 4% Hall Print__. 18 Harb-Walk (1.508). 1% Hayes Body-. 6 Hecker Prod (.60a). 11 Hercules Mot (1) . Hercules Po pf (6) - 15% Holland Furn 1.50g. 10 Hollander (1) . 15% Holly Sug (2% &) -~ 39% Homestake Min 4%. 6 Houd-Her B (13%).. 4% Houston Ofl__ 37 Howe Sound (!l)-— 1'% Hudson & Man..... 3% Hudson & Man p!... 4 Hudson Motor. 1% HuoD Motor-cccmem: 8 Illinots Central... 54 Indian Refining. ... 16 Indust Rayon (2)__. 80 Ingersol Rd (4.50g). 64 Inland Steel (4a) ... 6% Inspiration Copper. 3% Insuranshar (.10g). 1% Interboro Rap Tr. .. 20 Interchem Corp(2). 2'4 Intercontl Rubber_. 6 Interlake Iron .40z 2 Intl Agrieul. ___o 63 Intl Harv (2.50a) ... 3 Intl Hydro-Elec A.. 1% Int Mer Marine 39% Intl Nickel (1.50 71 Intl Paper & Power. 36% Intl Paper&Pwr pf.. 2% Intl Ry Cent Am___ 35 Int Ry Cent Am pf. 19% Int Salt (136) cccaae 30 Intl Shoe (2)cceece. 16 Intl Silver 6% Intl Tel & T for Ct - 4 Intl Tel & Tel 9% Interstate DS 2.75g- 9% Intertype (.60g)---. 5215 Jewel Tea (4) .——cee 74 Johns-Manv (3a)__. 72 Jones&Lau pf 5.25k. 18 Kalam Stove 1.50g_. 5 Kansas City Sou 15 Kaufmann Dep 1.60. 14% Kayser (J) (28)--—. 7 Kelsey-Hayes A ... 4 Kel-Hayes Wh B... 92 Kendall pf (6a) 30% Kennecott (28) ... 5% Keystone S&W (. )_ 15 Kinney (G R) 16% Kresge (8 8) .90g. 14% Kroger Groc (1.60)- 6 LacledeGas. .. ... 8 Laclede Gas pf..... 18 Lambert (2) .. 9% Lee Rub & T 1. 60!.. 14 Lehigh Port C (1%) 101 Leh Port C pf (4)-_. % Lehigh Valley Coal. 3 Lehigh Val Coal pf. 4% Lehigh Valley R R. 23% Lehman Corp (1a).. 8 Lehn & Fink (1%)_. 23 Lerner Stores (2a). 38% Lib-Ow-Glass (3g) 5 Libby MeN&L 1.4 82% Lizg & Myers (4 0 S 4 ¥ 7 35 11% 11 29% 1% 344 5% 8 30 11% 27 9% Bales— Add (;0. High. !0'. Close. chee. 51% 45 14% 34 123 110% Tha 169 163 Prev 1037 gh. a). 18% Lima Loco (1g)--. 37 Link Belt (2)..o.. 6; ;:uw #Inc (68) - 18 Loose-Wiles(1.60g) 110 102 Loose-WB 5% pf(5) 28% 15% Lorillard (P) (l 20) 147% 126 Lorillard pf (7). ll% 36 24% 21 28% 42% 42% 16% 19 15% 81% 86 651% 52% 112% 49 Louisv & Nash(6g). 13% Ludlum Steel (1) .. 13% McCall Corp (1%) 7% McCrory Strs 124 McGraw Eiec . 9 McGraw-H.57%g-- 304 Mcintyre Porc (2) .. 19% McKeesport T (2).. 5% McKesson & Rob.... 6 McLellan Strs .95g... 79 McLellan pf (6) .. 18% Mack Trucks (1)... 27 Macy (RH) (28)... 8% Mad Sq Gard 1.35g . 18 Magma Cop (1%8)- 6 Manat! Sug pf (r).. 4% Man Ry mod gtd(r) 10 Man Ry gtd (r) 1% Maracaibo Ofl 5% Marine Midl (.. 1 Market St Ry.. 3 Market St Ry pf_ Market St Ry pr pf. 4 Marshal Fleld...... Martin (Glen) e Martin-Parry ... Masonite (1a) . Math Alkall (1%) . May Dept Strs (3a), 4 Mead Corp (1g)-. Menger.. __ Mengel 5% pr( 7 Mesta Mach(3.75g) . Miami Copper™. __. 4 Mid-Cont Pet 1.50g . Midland Steel (2) .. Midland St1 1 pf(8). Minn-Hon Reg (3). Minn-Mol Imp.____ Mission Corp (1g)-. Mo-Kan-Texas Mo-Kan-Tex pf. Mo Pacifie (r).. Mo Pacific pf (r) ... Mohawk Crp(1.20a). Monsanto Ch 1.50g Montgom Ward(Za) Mother Lode - Motor Prod (3.50) - Motor Wheel (1.60). 313 Mueller Brass (1a). '« Mullins Mfg (B)__. Mullins pf (7) - Munsingwear 1.50g. Murphy (G C) 3.60 Murray Corp Nash-Kelv (1) . Natl Bnd & [nv 1.44. Natl Cash Reg(1g). Natl Dairy P (1.20). Natl Dairy pf A(T) . 2 Natl Dairy PptB(7) 2\&!! Lead (%) - Natl Pw & Lt (.60) Natl Steel (2.50a)_. Natl Tea (308) Natomas (.80)_ Newp't Indust (2g). N Y Alr Br (1%6) . 4 N Y Central___ City Om 2.40g-. Dock._ . Dock pf._. & Harlem (5).. NYNH&H (r)___ NH&H ot ( N Y Ont& West (r). N Y Shipblds___ Norfolk & Weat(10) Norfolk & W pf (4). North Am Aviat___. North Am (.90g) __ North Am Co pf(3). Northern Cent (4) _. 97 Northern Pacific_._ 1% Norwalk T & Rowece 9 Ohto Ofl (%g)... 25 Oliver Farm_., 6% Omnibus ¥ = 3 3 NY X ol 1g. 2014 Otis Elovator 0% - 614 Otis Steel ___ 14% Outboard M (2.508) 48 Outlet (3a) . 63 Owens-111 GI 9% Pac Am Fish (1.20). 7% Pac Coast 1st pf___. 10% Pacific Mills(1 ’6?)_ 12%4 Pac West Ofl (.65e). 4 Packard Mot(.25g3 - 1 Panhandle P&R (r) 29 Panhan P&R pf (r). 38 Paraffine (3g) - 814 Paramount Plef 8 Paramount 2 pf(.60 1 Park Utah___ - 28 Parke Davis1.80g_. 12 Parker Rust P 1.50g 1% Parmelee Trans. 4 Pathe Film 8 Patino Min 214 Peerless (.30g) -—we. 65 Penney (JC) (3g) - 1% Penn Coal & Coke.., 15 Penn-Dixiepf A___. 14% Penn G1 S'd ct .50g 20 PennRR (%E).--. 22 PeoplesGas Lt &C. 3 Peoria & Eastern... 9 Pere Marquette . 42 Pere Marq pr pf(5)- 14% Pet Milk (1)_ 9% Petro Corp (.90%) - 3 Pfeiffer Brew 90g). 24% Phelps Dodge 1% g 35 PhilaCo6% pf (3). % Phila Read C&I(r). 65 Philip Morris (3) .. 30% Phillips Pet (28)... 4 Pierce Ofl pf.. 4% Pitts Coal .. - 4% Pitts Screw (.45g)-. 8 PittsSteel ___.___. 1% Pitts United e 8% Pitts & W Va. 1% Pittston Co . 13 Plymouth Oil 1. 7 Poor&CoB. ..._. 1% Porto Ric-Am T A_. 2'4 Postal T & C pf (r). 5% Press Stl Car.258 ... 20 PressStiC2pf2%%. 43% Procter & Gam (2a) 30% Pub Sve NJ (2.60) 91 PubSNJ$5pf (5). 1281 103 Pub Sve N J pf (6).. 162'5 132 Pub Sve N J pf (8)- 2% 24% 107 23% 18% 12% 80 10% 47 4% 22% 25% Pullman (1%) ... 8% Pure Oil (.25g) - 85 Pure O1l1 6% pf (8)- 5% Purity Bak (.45g)_. 14 Quaker St Ofl (.708) 4% Radio Corp-._. 48% Radiocv pf (3% )_- 2% Radio-Keith-O (r).. 21 Reading Co (’).-.— 1 Reis&Co... 8l4 Reliable Strs (1 ) ——— 8% Rem Rand (1.05g)-. 1% Reo Motor-.__ocoee 90 Revere Cop pf (7). 55 Reynolds Tob (3)_. 43 Reynolds Tob B (3). 4% Richfleld Oil Corp.. 9% Ritter Dental 768 21 Safeway Strs (2)... 92 Safeway Strs pf(5). 27% St Joseph Lead(2a) e 2 S A E 000 e 0 9 00 00 e 0 ro e o o S w BoSurnanonuanmanwom=aEanl @ oo PHNBNGE D D " Prev 1937 High. Low. (L FeoF Ti+1+14+000 1264 9% 8 164 138 108 4% 2% 393 445 47 123% Ti% 115 105 12% 18% (3’« 9% Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 A Moo 1:00 P.M. 8 Actual sales: rIn bankruptcy or receivership or being reorganized under bankruptcy act or securities assumed by such companies. Rates of Gividends {n the foregoing table are annual dis- bursements based on the last quarterly or semi-annual declara Unless otherwise noted special or extra dividends tion. Stock and Dividend Rate, 1 StL-San Fran (r).. 1% St L-San Fra of (r). 11 Savage Arms 1.50g_ 24% Schen| Distill(3). % Schul et (r)..._ 35% Scott Paper (1.058). % Seaboard Afr L (r) .. 1% Seaboard A L pf (r) 16 Seaboard Ofl (1)... 3% Seagrave Corp...... 57 Sears Roeb (3)..... 134 Servel Corp (1a)-.. 15 Sharon Steel (1.20; 70 Sharon Stl pf (5). 3% Sharp & Dohme..... 6' Shattuck FG (. 24% Sheaffer Pen 2.25g .. 15% Shell Unton (%8)-- 5% Silver King (.90g) 17% Simmons Co 1.75g. 28% Skelly O11 (1g) 92 Skelly Oil pf (6) 70 Sloss-Sheflleld S& I 13 Smith (AO) _ 13 Socony Vac .508: 1% Sou Am G & P .20g. 20% South P.R.Sug (2a). 17% Sou Cal Edis (1%a) 17 Sou Pacific 15 Southern Ry 1% Sparks With. 7 Spear& Co... 10 Sperry Corp ( 50‘). 8% Spiegel, Inc (1)_. 55 Spiegel pf (4%) 18 Square D Co (.958)- 74 Stand Brands (.80). 101 Std Bramds pf 4.50_. 2! Stand Com Tob..__. 2% Stand Gas & El () 5 Stand G & E pf (r) .. 10 Std G&E $6 prpf(r). 14 StG&E 1% p pI(r)- 114 Stand Invest___ 28 Stand Oil Calif (1a) 261 Stand Ol Ind (1a) Std Oil Kansas 42% Stand Oil N J (1a) 54% Sterling Prod(3.80). 5% Stewart-Warn(%a) 8% Stokely Bros 1.20g.. 6% Stone & Web. 3 Studebaker_ 54 SunOfl (1a) 9 Sunshine Mn; 1% Superior Oil.__ 8 Superior Steel 18 Sutherl'd Pap 1.60a. 15% Swift & Co (1.20)_ 22% Swift Intl (2) . 4% Symington ww .60g. 4% Symingtom xw .60g- 4 Telautograph (.60). 5% Tenn Corp (%g) 34% Texas Corp (2). 2 Texas Gulf Prod._.. 23% Tex Gulf Sul (Za). 16% Tex & Pac Ry.___. Tex Pac C&O (.40) . 5% Tex Pac Land Tr_.. 19 Thatcher (.758) 4. 70 The Fair pf (1) ccem 2% Thermoid . 1% Third Ave_ 10 Thomp Prod 1.40g_.. 1% Thompson-Star_ 6'a Thompson Starr pi 131 Tide-Water As(la. 817 Tide-W As pf (415). 8% Timk-Det Ax.50g_. 36 Timken Roll B(3a). 10 Transamerica Corp. 4 Trans& West Afr__ 5% Transue & W (.30g). 3% Tri-Cont Corp (% g) 4% Truax-Traer (.80)_. 7' Truscon Steel _ 18! 20th Cent-F 1.50g_. 2% TwinCity RT 7 Twin Coach (.458) 1% Ulen & Co_ 57 Und'w'd-El 9 UnBag&P (12%g 67 Union Carbide 3.20g 174 Union Oil Cal 1.20a. 86% Un Pacific (6)- 78 Un Pacific pf (4)__. 22% Un Tank Car (1.60). 10% Unit Aircraft (%g). 5% Unit Air Lines_____ 7 Utd Am Bosch 15 Unit Biscuit (1.60) 55 United Carbon (4a). 2 Unit Corp. 25% Unit Corp pf (3) 5 Unit Drug (%g). 2% Unit Elec Coal 24 Utd Eng & Fdy 52 Unit Fruit (3)_. 9 UnitGas Imp (1) __. 315 Unit Paperbd (.30g) 4% U S Distrib pf. 62 US & Foreign S 5% U S Freight (1%e)_ 62 USGypsum (2) ... 65 U S Hoftman Mach._ 16' U S Indus Alco. 3% U S Leather. e med - B 0010 S 00 e 11O Dk it Ok =100 B 10 10 N O 50 0 00 = 0 50 108 M 1S B 00 e 3% U S Realty & Imp... 20 U S Rubber. 48 US Rubber 57 USSm&Ref (Ig)_. 51 U S Steel (1g) 150 100% U S Steel of (7). 2% Unit Stockyds (%). 1 UnitStoresA______ Univ Leaf T pf (8)_ 29 Univ Pictures 1st pf % UtlP&Lt A (r. 9% Vanadium Steel____ 14% Van Raalte (2%g) . 3615 Vick Chemical (2a). 2% Va-Caro Chem. 1814 Va-Caro 6 pf(1%k). Va El & Pwr pf(6).. 3% Va Ir Coal & Coki 215 Wabash pf A (1) T34 Waldorf Sys(.80g) - 18 Walgreen (2) 32 Walker H G&W (2)_ 17 Walker HG&Wpf (L' 31 Walworth____ 4% Warner Bros Pict.. 2% Warren Bros (r).__ 11% Waukesha Mot (1a) 20 Wayne Pump (2a)_. 23% Wesson O & 8 (%a) 84 W PennEl A (7) 76 West Penn EI pf(6). 88 W Pen El 1% pf (7) 16 West Auto Sup 1.60. 2% Western Maryland. 5'3 Western Md 2d pf_.. 1'4 Western Pacpf__._ 25 West Un Tel 2.25 17% Westhse Air B(la)_ 90 Westhse E& M 4g__ 10% Weston El In .75g.. 19 Wheeling Stl. 6 White Motor... 11 White Sew M pt... 1% Wilcox Ofl & Gas... 2% Willys Overland ... 6% Willys-Ov'd pf .60_. 4% Wilson & Co (%) . 56% Wilson $6 pf (6) . 35 Woolworth (2.40) . 12 Worthington Pump. 54% Worthington pf A__ ‘Worth Pevprpf 415, 28% Yale & Towne (.60). % Yellow Truck..__.. 95 Yellow Trk pf (7). 21 Youns Spring (3)... 25 YgstwnSh&T (4). 12 Zenith Radio (2g)_- 2% Zonite Prod----... % « 820,000 690,000 unit of trading 10 sl 12:00 Noon. included X EX divide Inst year. P 86% ~1 year. a: ciared this ve xt Ex rights. le in stock, g De h_or stock. 8 Also extra or extras, eclared or paid so ‘far this k Accumulated dividend paid or de- Add ou ni‘h Low. Close. cue 1% — W 3% — W 1T%-— % 29% - % 1 3% + % 1% + W 3% 24% - % 4% 68% —2 17% — % 21% -1% T4 =3% 6% — 3 9% + % 25 -2 19 —-% 8% — 3% 27% -1 37% —2% 98% — 1% B4 +4 19% — % 174 USLER S I B N O B I I ) ta 0 FEFETES FEFESLEET b ERLE} LLTL FEIFF 1+ ) ¥ -1% 22% — % 4 =% 560,000 820,000 not e Pald LONDON FOLLOWS WALL STREET TREND Trade Indices Uniformly Better. Sentiment Helped by Rumors of Roosevelt Attitude. By LEONARD J. REID. By Cable to The Star. LONDON, Nov. 1.—The chief lesson of the last week's experience in the financial ‘district is the con- tinued dependence of the London mar-~ ket on Wall Street trends. During the early part of the week attempts at improvement, despite the New York market relapse, failed with the sole exception of persistent strength in first-class bonds, while, on Thursday and Friday, Wall Street’s encouraging response to the revision of margin requirements induced a sharp and general up-trend here, The week ended with sentiment better than for many weeks, largely because of rumors circulated that the Roosevelt administration is likely to A take further steps to encourage the markets and big business. The outstanding feature of the Lon- don markets was the increasing strength in British government stocks and the revived demand for recent municipal issues. Economic indices here remain uni- formly encouraging, especially figures on retail trade and the unbroken in- crease in the series of important com- pany earnings. The financial district also feels that, despite Mussolini’s fireworks, the international situation FINANCIAL, STOCKS RETRIEVE PARTS OF LOSSES Most of Leaders, However, . Are in Losing Column at Finish, Stock Averages 80 xnaun Rals. Oth. see. Net change.—16 —7 —6—1.1 236 350 Noon, today 69 1 Previous day 70.7 243 356 Month ago. 79.1 288 369 Year ago... 95.1 41.2 5238 495 54.0 207 318 435 53.7 302 434 - 8.7 239 1929 high ..146.9 153.9 184.3 1511 1927 low.... 51.6 953 61.8 61.8 (Lompiled by the Associated Press.) By VICTOR EUBANK, Associated Press Financiac Writer, NEW YORK, Nov. 1.—Stocks man- aged to retrieve portions of early losses running to 3 or more points in today's market, but most leaders were in the losing column at the finish. Steels led an early sell-off on & further drop in production. Rails were fairly resistant while coppers, farm implements, mail orders, motors and specialties failed to put up much opposition. The American Iron and Steel In« stitute estimated current mill opera=- tions at 48.6 per cent of capacity, off 315 points from last week, at a new low since December 30, 1935. It was the seventh consecutive recession. The opinion was expressed, though, that output may now be around bottom, with possibility of a pick-up soon. Part of the day's sluggish proceed- ings was attributed to the desire of speculative forces to lighten commite ments because of the exchange clos= ing tomorrow for the local elections. Foreign markets furnished no espe= cial inspiration, being inclined to mark time as fresh anxiety was in evidence |over the Spanish non-intervention | controversy. | Dealings were slow from the start, | transfers approximating 1,100,000 | shares. Bonds and commodities were un- |even. Wheat at Chicago was un- changed to off ' cent a bushel. Corn | was the same as Saturday to down . The unusual “thinness” of the stock list was exemplified by wide gaps be- tween bids and offers in many cases. A bid of 93 and an asking price of 98!z was posted for Union Pacific and |an opening trade was not arranged for nearly two and a half hours. The first sale showed a loss of 3'; points at 95';. The issue improved a bit later. Behind sizable amounts the greater part of the session were United States Steel, Bethlehem, Republic, Youngs- town Sheet & Tube, American Rolling Mill, Crucible, Vanadium, Wheeling, Inland Steel, du Pont, Westinghouse, Allied Chemical, General Electric, Chrysler, General Motors, Yefllow Truck, J. I. Case, International Har= vester, Goodyear, United States Rube | ber, Sears - Roebuck, Montgomery Ward, Boeing, Douglas Aircraft, Weste ern Union, North American, Anae conda, Cerro de Pasco, American Smelting, Howe Sound, Phillips Pe~ troleum, Continental Oil, Texas Corp., Santa Fe, Southern Pacific, Great Northern, Atlantic Coast Line, Loew's, Union Carbide, Philip Morris, Arm= strong Cork and Johns-Manville. . Coca-Cola moved up on the declara- tion of a $2 ‘“extra.” American Omnibus Corp., Hiram Walker and International Mercantile Marine did better. Brooklyn-Manhattan Transit and Interborough Transit were higher on talk of unification proceedings be« ing pushed after election. CHICAGO GRAIN CHICAGO, Nov. 1 (#)—With many traders inclined to await developments pertaining to proposed farm legisla- tion, especially with respect to financing & new program, wheat aver~ aged slightly lower today. Notice was taken in particular of statements that processing taxes on wheat and other commodities were being considered. Dips in wheat prices, however, met with purchases on resting orders. At the close wheat was unchanged to 12 cent lower, compared with Satur~ day’s finish; December, 961, -35: May, 9575-96. Corn unchanged to 1 off; December, 573g-13: May, 595, and oats unchanged to 3 down. Open. High. Lo Close. Cash wheat—No. 5 red, H7‘€~!0 No. 3 hard, 1.09'4-1.0115; No. 4 mixed, 92%,. Corn—No. 4 mixed, 5013-511;; No. 2 yellow, 57-59; No. 4 white, 5014~ 53. Oats—No. 1 white, 32-34!3; No. 2 white, 3214-35. Rye—No .2, 78';. Soy beans—No. 2 yellow, 9415-95. Bar- ley sales, 4315-90; feed, 42.60, nominal; malting, 6090, nominal; timothy seed, 2.25-2.65, nominal; red clover, 27.50- 32.50, nominal; sweet clover, 7.00-7.75, nominal. Winnives Prices. BG. Nov. 1 (P.—Grain ranga High. Low. Close. Prev. Close. 3 - 145% 117 176 1R 4812 48% 4Ta Gariicky," : November, 1.01% OFFICERS ARE NAMED FOR COTTON BELT ROAD By the Associatea Press. ST. LOUIS, Nov. 1.—Berryman, Henwood, trustee of the St. Louis Southwestern Railway (Cotton Belt), has announced appointment of Daniel Upthegrove as chief executive officer for the trustee and Col. F. W. Green as_chief operating officer. ‘The appointments were made pursu= ant to an order by Federal Judge Charles B. Davis authorizing the trustee to operate the road in the name of the trustee instead of in the is easier. (Copyright, 1937, by the North American Newspaper Alliance, Inc.) company name. Upthegrove is presi- dent of the inactive corporation and Green is vice president. s 5y