Evening Star Newspaper, November 4, 1937, Page 21

FINANCIAL. BONDS SLUGGISH AFTER DECLINES Medium- Priced Rail List Paces Downward Trend of General Market. Bond Averages Rails, !nmm . #on —5 Unc. 66.8 66.8 68.6 70.9 74.7 64.7 3.0 Net change. —_— Noon *75.8 98.6 92.4 Previous day 76.3 98.7 92.6 Month ago. 8381005 94.1 Year ago... 97.3103.9102.3 1937 high... 99.0104.4 1028 1037 low.... 758 97.0 90.3 1936 high... 98.2104.4103.1 1936 low.. 86.9101.8 99.3 67.6 1932 low.. 458 400 64.6 422 1928 high...101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ...*107.4 Prev. day. 107.5 Month ago 109.0 Year ago. 112.7 1937 high. 113.7 1937 low._107.4 1936 high. 1135 1936 low.. 110.2 1928 high. 1044 1932 low_. 86.8 *New 1937 low. (Compiled by the Associated Press.) By the Associated Press. NEW YORK, Nov. 4—The bond market lumbered along sluggishly today after an early decline bringing | losses of fractions to 3 points. ‘Weakness in medium-priced rail liens paced the sagging of the general mar- ket. Off 1 to 3 or so in the last hour were Southern Pacific 4is, Erie 5s, New York Central 5s and Illinois Cen- tral 43,s. Also lower were Missouri- XKansas-Texas 9s, New Haven 6s and Northern Pacific 4s. Alleghany 5s of 1950 were around | 2 lower at midafternoon. Weak were | Studebaker 6s, Walworth 4s, Inter- national Hydro Electric 6s, National Dairy 3%s and Utilities Power & Light 5s. United States Goverhments were 6-32ds of a point higher to 2-32ds lower. Down around a point among the foreigns were Brazil 6!s, Buenos| Alres, 4%-%, and Colombia 6s. Cuban 5%3s sold more than 2 higher in late trading. DIVIDENDS ANNOUNCED NEW YORK. Nov. 4 —Dividends de- gared. Drevared by The Sianasrd Statistics Extra, e, Do Stk of Pay- ate. riod. record. able. ©oca-Cola Int'l.. fis.su,, 11-26 12~ Mock. ®raper Corp 25 --- 1118 Optional. #at'l Ol Prod . $1.00 __ 11-26 12-10 Payable in cash or one-twentieth share sommon for each share held. Accumulated. Artloom 7% pf.____$1.75 __ Regular. Amer Olnllal $5.50, pr pf £} 11-15 12-1 llock’s_Inc Cont T Pub 8ve Omt nf Pub S nt ve ot 0 Coca-Cola In! 00 “Golk Tntd s5 4 500 84 Imperial Chem Indust, Am iep rets for ord 10%ac Keystone Custodian Funds —2.°1 + 3¢ Manischewitz B 7% Mountain Prod Rochester Tel St _Paul Unjon Stockyards United smz: Eiec Lt us &p!m'l Bec $5 _ - wask By & mec $9.00 Colum Broadcast A" Cri & Forst Ins Sh; . B! Frultless Rubber Metal Fxile »f Muskegon Mot 11-15 11-15 40c 4 Toledo Ed 5% Van Raalte pf e NEW YORK BANK STOCKS NEW Nov. 4 (®.—New York| Security Mlel’l' Association: Bank of Man (1%;) Bankers' Tr (2) By private wire direct 4o The Star. TREASURY. Huh, Low. 102.80 10: 100.29 100.25 100.29 100.83 100.2 100.3 99.26° 99.22 - 99.26 100.25 100.23 100.24 104.16 104.12 104.16 103.3 102.31 103.3 105.1 105.1 105.1 106.19 106.17 106.19 338 1946-55.. 109.30 109.30 109.30 451944-54 ____ 111.23 111.21 111.23 4% s-3%s"43-45_ 106.24 106.22 106.23 4%s1947-52____ 115,25 115.21 115.25 FEDERAL FARM MORTGAGE. 3%s1964 ._____103. 103. 103 HOME OWNERS' LOAN. 2145 1942-44____ 100.22 100.20 100.20 2%s 1939-4! 100.81 100.30 100.31 351052 __ - 102.20 102.17 102.18 FOREIGN BONDS. High. Low. 2:88. 65% 65% 664 221 22% 224 93% 215,51049-53 235 1945-47_.. 235 1948-51_. 23 1951-54 23, 1956-59 2%s 1955-60.. 351946-48 3s 1951-55 3155 1946-49_, 3145 1944-46 Abitibi Pa&Pw 5s°53 Agr Mtg Bk Col 65’47 Akershus 55’63 _ Antioquia 7s'45 A Antioquia 75 *45 B Antioquia 1st 7s'57 Antwerp 58’58 = Argentine 4s'72 Feb_ Argentine 4s'72 Apr. Argentine 4158'71_. Australia 4% 6. Australia 5s Australia 5s '57 Berlin 6s '58 : Brazil 6145 '26-"5' 105% 105% 105Y% 105% 20% 29% Brazil 7s'52 Brazil 85’41 Brisbane 5s 5 Buenos A C 615’55 Buen Aires 3 '84 Pv_ BA 4%s-4% '77 Pv. Canada 214544 Canada 2358 "4 Canada 3s '67 Canada 31;s'61 Canada 4s 60 Canada bs'52 Carlsbad 88°5 | Chile 6560 Chile Mtg Bk 656 Chile Mtg Bk 6 Chile Mtg Bk Colombia 6s 61 Jan Colombia 6s '61 Oct. Col Mtg Bk 615 "47. Col Mtg Bk 75’46 Copenhagen 5s'52 Cordoba 7s 42 prv. Cuba 51,s'4. Czechoslovakia 8s'51 103% 103% Czechoslovakia 8s'52 103% 103% Denmark 4355 '62 101 100% 101% 1018 105% 1051 n n 106 105% 98 96 3814 Denmark 6s '42 Dominic 2d 51540 Finland 6s'45 French G 73;s'41un st Ger Gen Elec 6548 _ Ger Gen Elec 8 Ger Gov Ger Gov Ger Rep Ts Ger Rep 7s'49 un st Greek Gov 6s'68 Haiti 6552 Hamburg St 6s°46 Heidelberg 7 Hung Con M 7s'46 Italy 7s 51 Japan 5% 3815 389 25% 24 Jugos Mtg Bk Karstadt 6s'43 ct stp 's 65’43 ct st prin Kreug&Toll 5s°59 ct. Mex 4s '10-'45 a: Milan 61585 Minas Gers 6 Montevideo 6: | Nord Ry 635 '50 Norway 4s ‘63 Norway 414565 Oriental Dev 5%s '58 Oriental Dev 6s'53__. Pernambuco 7s'47 Peru 65’60 Peru 6s 61 Poland bs " Poland 7s | Poland 8 Prague Gtr Prussia 6128 Queensland 6s '47 Queensland 7s'41 Rhine Rhur Rhinel Rhine W El P 6s'52__ Rhine W E1 P 6s'53__ Riode Jan 6% 8'53___ RiodeJan8s'46 __. Rio Grdo Sul 6s'68 __ Rio Gr do Sul 7s "66_. Rjo Gr do Sul 7s'67_. Rome 612552 Roumania 7s '5 Ruhr Chem 65’48 Sao Paulo St 6s '68 Sao Paulo St 7s *40. Serbs 7s'62 ___ Tokio 53%s "61 Tokio E L Ltd 6s°53.. Trondhiem 5135’57 Tyrol Hy Elec 7s” Tyrol Hy E1 728’55, 106% 107 21 24% 264 26% Ujigawa EI P 7s'45 .. Un Stl Wk 6%55°47 A Uruguay 6s'60 Uruguay 6s "'64_. , | Uruguay 85 46 ing Tr (.60) Manufacturers' Tr (2)” Manufacturers’ Tr Dl Natl City (1) !‘OR.'EIGN EXCHANGES. YORK, Nov. 4 () —Foreign ex- Ange Arn: "Great Britain in dollars, others in cents: Great Britain, demand. 4.98: cables, 60-day bills, 4.7 3. a) France, de- 38150 Italy, de- éucnmovma 2500 A ustria, 188 a, 76! 2] o ong: 411 exico City. Mofftrens o New York 100:04 Fork in Montreal: 9555 o n—Nominal. U. 8. TREASURY POSITION. By the Associated Press The position of the Treasury Novem- Receidts, $17.015,577.05: expenditures, $34.116.838.01: ° balance, 820684842 338.13: custoris receipis for the month, $2.835.727. tipte for the fiscal year (since uy 32,010,240.087.00; expendivures, 3 24, including $714,536. otk e ncy exvenditures: excess of Iendmlru 610.771,199.18 8 7 un m B74.15 over the previous day: gold a: 312 soa.u.sn 014.1 0. mcludmx $1,272,12 26, 638.0¢ CHICAGO PRODUCE. OHICAGO. Nov, 4 (P.—Poultry, live. 50 gru a'.fg‘?'“'“' chickens easy; springs. up and less than 4 pounds, Plym- ite Rock, 22%; other BV posiiy prices whenengsa market. easy: hen 5 ;, Creamery, spe- (93 score). 3 . 36-36%5: extras : extra firsts (90-91), 83'%2-34 12 13-32%: seconds (84-8712), dards (90, centralized clrlnta? 5, 2638 firm, (xesp srad e& fresh NEW YORK PRODUCE. Arm Wao‘r’?"-fiu’fii"‘n xed colors: u "-%g-rd 307 frsis, 2615-37 3 n{rum onds. 109201 tor mediums and difites. 10-19%. "rfur 1515 Brier. Greamery: Higher 37-373%; extr T 31 '% fl!l ll Ya: (92" sco; including centralized (88- -flr:l). 82%-36: seconds (84-87 scores), 70.336: firm. Prices unchanged. \ Warsaw 7s 58 _ Westphal E P 6s°53. Yokohama 6s'61._ 613 DOMESTIC BONDS. Alleg Corp 58 "44 Alleg Corp 5549 _ Alleg Corp 58 '50 stp Alleg Valley 45’42 Alljed Stores 4255'51. 90 90 Allis Chalmers 4s'52 = 103% 102% 102!6 Am&For Pw 552030 65 64% 64% Am LG Ch5%s’49___ 103% 103% 108% Am Intl 53549 _ 96% 96% 9614 AmT&T 348’6 100% 100 100% AmT & T 3%s'66.._. 100% 100 100% Am T & T 415539 100% 100% 100% AmT& T 5%s'43 114 113% 114 Am TF 21,5-55'38-'50 105 104 105 Am Wat Wks 6s'75 934 93% 933 Anaconda deb 4368 '50 103% 102% 103 Armour(Del)1st 4s'55 941 ‘931 98 Armour(Del)4s | 94% 9314 93% A T&S Fe 4505 106% 106% 106% A T&S Feadj 45’95 st 1025 102 102% A T&S Fe gen 4s°95_. 110% 110 110 A T&S Fe 41548 ___ 106% 106% 106% AtlICL un 4%s’64 8% T8% T8% Atlantic & D1st4s'48. 34 34 34 Atlantic & D 2d5s'48 . 31% 31% 381% Auburn Auto 4%s'39. 26 26 26 Baldwin Loco 55 '40 102 102 102 8 61% 61% 8% 69 26% 27 108% lgik 108% O PLE&W Vis'4l B & O Swn 55’50 Bang&Aroos 4s'51stp 1084 !08'/. 105% Bell T of Pa 55’48 B_. 11T% 117% 117% Beth Steel 3%s'66 93% 93% 934 Beth Steel 434 "60 ___ 102% 102% 102% 46% 46k 46% Bos & Me bs '55 51 504 61 Bos & Me 5567 __. BosN Y A L 4s'55. Bot Con M 6%s 34 ct. 0% Bklyn Ed con 334'66 . 1015 101% 101% Bklyn Man T 4%5°66 63 62 Bkiyn Un El 65’50 84 84 84 Bklyn Un Gas6s'45.. 113 118 113 Bklyn Un Gas §s°'50. 88 874 8Th Bkiyn UnG 58’57 B . 103 102% 102% Bklyn Un G ref 6s°47 111% 111% 111% Buff R&Pcn 43;s'67. 56% 54% b4 Bush T Bldg 55’60 57% 57% 57% Calif Packing 55 °40.. 103% 103% 103% Canada So 5s'62 A___ 107 107 107 Can'dian NR 4%s°51. 112 111% 1i28 Can'dian NR 41,8°57_ 112 112 112 Can’dian N 55’69 July 115% 115% 116% Can'dian NR58'69 Oct 117% 117% 117% Can’dian P db 4s perp 88! Can'dian Pac 415 '46 - | Can'dian Pac 43;s'60 CaroCl& O 68’52 A Celotex 43 s '47 '-. Cent of Ga cn . Cent of Ga 58°59 C.-- Cent of Ga rf 5%s°59. 10% | Morris & Es 8%3 62% | Morris&Esaex 58'55_. THE EVENING STAR, WASHINGTON, D. C, THURSDAY, NOYEMBER 4, 1937. BONDS ON N. Y. STOCK EXCHANGE High, Low. 2:55. Cent Hud G&E 55’57 106 106 106 CentINE&Gbs'51.. 96% uu 96% CentNEng4s'sl____ 48 Cent of N J gen 55 ‘87 37 37 a'l Cent Pac 15t T 45°49. 108% 108% 103% CentPachs’80 ... 74% 73 13 Cert'd deb 5% 848 Ches &0 33596 E. C&Ogen 4%8’92_ C &0 con 55°39 . C& O R&A 24 45°89._ Chi & Alt ref 35 '49, Chi B&Q 4%48°77 _ Chi B&Q ref bs "71_ CB&Q I div 48’49 110% 110% 110% Chi & B Y11 58’51 _ 5 Chi&ETNISs'slct. 14 14 14 Chi & Ere 5582 rg_.. 113% 1134 usv. Chi I&L sen 65°66 % T Chi Grt West 4s'59 CM&StP5s'T5 CMStP&P adj 58 2000 Chi & NW gn 3%s '87. Chi & NW 4148 2037 Chi & NW 4% 8 2037 C Chi & NW %349 _. Chi & NW gen 58 '87_. Chi & NW rf 65 2037 .. C&NW Nr W 6%s'36. ChiR I&P rf 48’34 __ Chi R I&P rf 48'3¢ ct_ Chi R I&P gen 458 ChiR T&P 4%8'52 __ Chi RT&P 435 '52 ot_. Chi R I&P 43860 .. Chi Un Sta 3% 51 Chi Un Sta 3%5"63 Chi& W In cn 4s’52_. Chi & W Ind 4% '63__ CinG&E3%s’66_. CinG & F31%8'67 CinIn T 3%s D gtd_. CinUn Term 58’57 _ Clev Un Ter 4 %8 '77_. Clev Un Ter 5s Clev Un Ter 5% 8'72A. Colo F &I 5570 Colo & So 435 '80 Col G&E db 58’52 Ap. Col G&E 55’52 May Columbia G&E 5s Colum Ry P&L 4s'65_ Comel Cred 2%'42 __. 100 100% 100% Com Inv Tr314s°51__ 102 902 102 Conn R Pw 3% s'61A_ 106% 105% 105% Cons EA N Y 3%s'46_ 104% 104% 104% Cons EAN Y 3% 5°56_ 1024 1024 1024 Cons Gas NY 41;5'51 107% 1054 105% Consol Ol 3%5'51 96 95% 95 Consum Pwr 335 '70_ 103% 103% 103% Containerdeb5s’'43._ 89 83 88 Container 65’46 102% 102% 102% CraneCo3%s'51 ___.100 99% 99% Crown C& S4s'50___ 105 105 105 Crown Will P 6s'51__ 103% 103% 103% Del & Hudref 4s*43__ 69% 69% 69% DelP&L4%s'T1 __ 107 107 107 Den&RGceon4s'36 14 131 14 Den & RGW 5'55asst 6% 64 64 D&RGWr5s'8 _ 10% 10% 10% Det Edison 3% 66 _ 104% 1041 104% Det Edison 45’65 F _. 109% 1081 109% Det Edison 4%5'61 D 112% 1126 1125 Det Edison 55’52 _ _ 108 108 108 Det Riv Tun 4%s°61. 111 111 111 Duquesne Lt 335 °65. 106% 106% 106% FETV&Gacnbs's6.. 105% 105% 105% F1Paso NG 4%s 101% 101% 101% Elec Auto Lite 48 102% 102% 1024 Erie cv 4853 A 52% 525 52 Erie cons 45 '96 36% 861 86l Erie ref 5567 48 46 4T Erferef 58'75 47 464 47 Erie & Jersey 65°55__ 116% 115% 115% Fairbks Morse 4s'56_. 101 100% 101 FIAaECRy 4%s'59__. 60% 60 60 Fla ECRy 5s'74 % ™ 8K FIAaECRy5s'Tdct - 7% T4 T4 Francisco Sug 6s'36_. 52 52 52 Gen Am Inv 55'52___. 100% 100% 100% Gen Cable 5338’47 ___ 101% 101 101 Gen Mot Acc 35’45 __ 104 104 104 Gen Mot Acc 3% '51__ 102% 102 1024 Gen Stl Cast 5%~'49__ 56 554 Goodrich 4% 8°56.___ Goodrich 65’45 g Goodyear T&R bs '57_ Grt Nr Ry 3%s'67 __ Great N Ry 4846 G__ Grt N Ry 4546 H GtNRgn 4%s8'76 D GrtNREn4%s'17TE Grt NRgn 5873 C__ Grt NRE%s'52 B Green Bay 55’62 B __ Gulf Sta Stl 414561 _ Gulf Sta Util 4% 546 Har Ry P C 1st 48'54_ Hock Val 434599 Houston Oil 5345 40_ Hudson Coal 5s '52 Hud & Man inc 5s Hud & Man ref 5s 111 Bell Tel 3%s8'70 111 Cent col tr T11 Cent ref 4s Tl Cent 43, 8’66 I11 Cent Cairo B 4s'50 ICC&St LN O 4%s'63 ICC&StL N O 5863 .. T11 Steel deb 415540 _. Inland St1338°'61 __ Inter RT 1rf58'66__ Inter RT 65’3 Inter RT 75°32 _ Interb RT 7s'32 Interlake Iron 4s'47_. IntGrt Nrés'52 A __ Int Hydro El 6544 Int Mer Marine 6s'41. Int Pap 1st 55’47 A Int Pap ref 6s ‘55 Intl Ry C A 6%s'47 Int T&T cv Int T&T 4%s°52 Int T&T 58°55 . _ Jones&L Stl 41, 8'61A Kans C So 1st 35°50 _ Kan City So rf 55’50 _ Kans C Ter 1st 45 '60_ Koppers Co 45 '51 Kresge Found 4s" Laclede Gas 5s°39 Laclede G 5% Laclede Gas 6. Laclede Gas 6s'42 B L E & West'n 3547 Lautaro Nit 19758 T.eh C&N 418’54 A, Leh Val Coal 55 "64 __. Leh V P con 4s 2003 _ Leh V RR con bs 2003 Ligg & Myers 7s’44__ Loew's 314846 Long Isl rf 4549 I!D Lorillard 7s’44 . La & Ark 5569 118 118 118 106% 106% 106% 109% 109% 109% 38 33 338 106% 106 106 111% 111% 111% 5% & 103% 103% 107% 107% 98 9T 9% 96% 95% 96% 102 101% 102 106 106 106 105% 105% 105% 109% 109% 109% 97% 9% 9T% 102 101% 102 105% 105% 106% 60 62 107% 93 94 92 92 105% 105 105% 94 103% 103% 83 8214 105% 104y, 98 96% 93 9215 92 91% . 101% 1013 1064 106 8% 8 891 894 103% 103% 86 86 116% 116% 9914 9914 3%, 33y 161% 16 51% 51y 107% 107% 544 54y 5414 54 43% 43 103 103 4615 46% 51's 50 107% 107% 104% 103% 55% 103% 86 1164 9915 33y 16% 51% 107% 54y 6 108% 1081 108% 10214 102 102 101% 101% 101% 93 647 38 8 38 127% 127%'127% 99 981 99 933 93% 93y 126% 126% 126% 3 % 72 85 84% 84y 1057 105% 105% 98's 98 98% 101% 101% 101% 65 56 55 42% 40 40 L&N4%82003C McKess&Rob 53 850 Me CRRgn 4%s'60 A Manati Sug 738’42 _ Man S 1st 7358’42 ct. Manhat Ry 4s°90 _. Manhat Ry 4s°90 ct__ Manhat R 2d 48 2013_. Mead Co 6s°45 Met Ed 1st rf 4 6 Mich Cent 315s°52_ MilEl R&L 58’61 __ Mil El R&S L rf 58’71 Mil Spa & N'W 4s8°47_ MBtP&SSM cn 48°38. MStP&SSM 5148’49 _ MStP&SSM rf 68'46A Mo 111 65 '59 - MoK & T 1st 45’90 MoK&T 62 B MoK&T 58’62 A Mo K & T adj 5567 Mo Pac 48’75 Mo Pac 586! Mo Pac 58’65 A Mo Pac 58’77 F Mo Pac 58’78 G Mo Pac 53'78 G ot.... Mo Pac 58’80 Houo Mo Pac6s'811.. MoPac5%s’49 A Mob & Ohio 4387 Mob & Ohio 58°38 . _ % Monong Pub 8 414s'60 103 102% 103 Monong Ry 1st 4s'60_ 106% 106% 1063 Mont Pwr 3%s'66... 91 91 91 Mont Tram 55’41 100% 100% 100% 8% T4% T4% 6214 81k 62 67% 671 67% Natl Dairy 3% s'6iww 100% 99% 99% NatiDisPC4%s’45- 103 103 103 Natl Steel 4s'65 . _. 106 105% 105% New E T&T 1st bs'52. 12& 123 123 ° NewOrlP86s'52 A_. 95% NewOrlP85s’'55 B New Orl T&M 5% 8'54 N YCentral 3%s'52 42% 39% 33 31 17 100% 100‘6 100% 107 106% 107 106 106 106 100% 100% 100% 99y 9 99% 18 13% 12 95 36% T6% 40 48 Morris&E: 4%8'65 NY Cent rf 4%s 201'. NYCrf4%s2018n__ High. Low. 2:l 65 . 101% 101% 101 101% 101% 101% 21% 21% 21% 21% 10 10 21% 21% 3 35 48 23% 28% NYNH&HG68'48 rg 23 238 NY NH & H Cons Rys 48’54 _ 19 19 NY O&W ref 4892 11% 11 11% NYQueenscn 3%5'65. 106% 1057 105% N Y Steam 63 '56 ___ 105% 105 105% NY Steam 1st 5s°51._ 106% 105% 105% NY Steam 1st 65’47 107% 107% 1073% N Y Tel 335’67 103 102% NY Tel gen 4% s '39._. 106% 106% NY W&B 438 '46._. Niag L & O 5865, Niag Sh 5%s'50 Norf & W 1st 48’96 117% 117% North Am Co 5861 .. 101% 101% North Am Bd 58’69 C. 98% 98 North Am Fd 5%s'63 104 104 North Pac gn 3s 2047. 65 % North Pac 48'97 = __ Nor'n Pac 4148 2047 North Pac 6s 2047._. Ogden L C 4s'48 Ogden LC 4s'48 std 13 Ohio Edison 45’65 _. 102 Ohio Pub Sve 7s '47_. Okla G & E3%s'66 Okla Gas & El 45’46, Oreg Sh Line 5s'46. Oreg W RR 4561 _. Otis Steel 414562 Pac Gas & E1 3145'66.. PacG&E3%s'61. PacG&E 4s'64 Pac Mo 1st 4s'38 _ Pac T&T rf 3% '66 B Pac T&T 3%s'66 C __ Panhand EPL 45’52 _ Para Broadway 3s'55 Param't Pic 3%s'47 _ Paramount Plc 6855 Parmelee 6s'44 Penn Dixie C 6s * Penn O & D 4 %577 Penn P& L %5 '81. Penn RR 3% wi Penn RR3%s'70C Penn RR 4%s'81 D __ Penn RR 4%s5'84 % Penn RR con 4%s'60 Penn RRgn 41865 Penn RR deb 4358 '70. Penn RR gen 63’68 _. Peoria & E 1st 45 '40_. Peoria & Einc 4s°90._. Pere Marq 4%s'80 __ Phelps Dodge 31852 Phila Co 53’67 Phila Elec 3148 '67 _. Phila & R C&I 5s°73_. Phila & R C&T 68 "49_. Philippine Ry 4s'37__ Pilisbury F M 6543 . PCC&St L 43%s'42 B_ Pitts C& I 43852 A Port Gen El 4 Postal Tel & L Potomac El P 31566 Pressed Stl Car 55’51 R-K-O 6s"41 - Reading Jer C 4s°51 . Reading R 474897 A_ Reading R 41,5 '97T B Rem-Rand 47, v Republic St1 415856 Republic St1 4‘,7'5 '61. Republic St1 5 i Revere Cop 1‘ s '56.. Richfleld Ofl 4s°52 Rich Term Ry RG W 1stexin 4s°39 Rio G Wcol 4s'49 A . RIA&L 1st41,%'34._ Rutland Can 4s'49 __ Safeway Stores 4s'47. Saguenay Pw 435’66 St LIM&S R&G 4533 StLP&NWGSs’48 __ NY Edison 3% NY Edisref 3%s NY NH & H 4s'55._. NY NH & H 48 '56... 89% 17% 99% 00 116% 105% 5% 99% 1027 106% 90 102 116% 116% 106 105% 6% T5% 100 99% 103 102% 106% 106% 101% 101% 117 117T% 105% 105% StLS W lst 4589 StLS W 2d 4589 San A & A Pass 4s'43_ Seabd A L 4s'50 stp _ Seabd A L rf 48'59 ct_ Seabd AL6s'45 A __ Seabd A L 6s'45 et __ Seabd A-F1 6s'35 A ct. ‘Shell Un deb 33,8 '51_ Simmons Co 4s'52 Skelly Oil 45 '51___ Socony Vac 315550 _ South Bell T&T 55 '41 So Colo Pwr 6547 A Southn Kraft 43 s'46 uth Nat G 413551 Pac3%s'46 _ So Pac col 45’49 So Pacref 455 So Pac 414568 So Pac 413569 So Pac 4145 '81 So Pac Oreg 457 So Pac S F Ter 4s So Ry gen 4s'56 A. So Ry 65’94 So Ry gen 6: So Ry 615556 SoRyM&O4s'38 __ S W Bell Tel 31,564 Southw’'n G&E 45 '60_ Staley A E4s'46 ___ Stand Oil N J 3s 61 Studebaker cv 65’4 Swift & Co 3%s'50 Tenn El Pw 6547 A._. Texarkana 6% Texas Corp 3%s '51_ Texas & Pac 55’77 B_ Texas & Pac 55 '80 D_ Tex & Pac 1st 55 2000 114% uua Third Av ref 4560 __ 3 3 Third A ad in ex 55'66 TH T Tide Wat Oil 315852 _ 9955 99% Tri-Contl 55’53 105 105 Un Elec(Mo)3%8'62_ 105% 105% Un Oil Calif 315852 10543 105% Union Pac 1st 4 11215 1124 Union Pac 31 9y Union Pac 3%s 71 9 Un Pac 18t rf 4s 2008_ Un Pac 1st rf 55 2008_ Utd Cgr W Strs 58'52_ United Drug 5s'53 U S Pipe&Fy 3%5'36. U S Rubber 55 °47_ Utah L& T 6s'44 A Utah P & L 6s *44 Util P & L 58’59 ww. Ut P & L 5%5'47 Vanadium cv 55 '41 Ver Sug 1st 7842 ct__ VaRY 1St 3% 8 '66A_ a$ W 1st 5s 2003 w.bgshv/u'n Walker H&S 47,845 &'nlworth 45755 _ alworth 65 '55 new_ Warner Bros cv 6s'39 ‘Warren Br cv 65'41 Wstchr Lt gn 3155’67, ‘West Penn P 315866 West Md 1st 48’52 West Md 538’77 West Un 4345 '50 West Uncl tr 55'38__ West Un 58’51 __ West Union 55’60 Wheel Steel 4355 6| Wilkes B&E 18t 5542 Wilson & Co 3%s '47_ Wilson & Co 45’55 __ Wis Cent 18t gn 45'49. Wis C 1st gn 4s 49 ct. Y'ngspn S&T 4s'61... 105% 106 106% 112% 4 % 1067 3 % 106% 106 106 95 944 100% 100% 71 71 98 98 T 99% MACHINERY BUSINESS BELOW EXPECTATIONS Special Dispatch to The Sta NEW YORK, Nov. 4.—Machinery and machine tool business in October was definitely below expectations in every part of the country, says Amer- jcan Machinist. Whether the stock market collapse is the cause of this condition is anybody's guess. Builders of machine tools have & 1arge enough backlog of orders to keep their plants occupied for the rest of the year, but the drop in orders is resulting in a material improvement in delivery dates. Russian Groups Housed. New apartment buildings devoted to vocational groups are being opened in | 3.25. | Russia. The latest is the large one in NY Chi & St L 45’4 NYC&StL 4%s'78 __ NYC&StL 5%s'74 A_ NYChi&StL6s'3s_. NY Conn 1st 4%s"53. NY Dock 58’38 NY Dock 5538 6t_o. 43 8214 824 824 108% 108% 108% 46 48% 46 43 B A the capital for the personnel of the Moscow Art Theater. Another, in Kiev, capital of the Soviet" Ukraine, will house workers of the city’s militia. Several others are under construction in cities throughout the country. A LENDERS STIFFEN |A. & P. DECLARES NEW AUTO CREDIT More Caution Taken After Alarm That Buying Was Being Overdone. By the Assoclated Press. NEW YORK, Nov. 4—Tighter, more exacting installment policies, self-im- Pposed by credit companies, are forcing & tapering in new auto financing. Credit is being extended with more caution, “doubtful” accounts are being weeded out, and potential repossessions of financed cars are being pared— through stiffening of terms. Out of every 10 new automobiles purchased last year six were bought on the installment plan. Thé tendency to liberalize terms had been extended in competition for new business until it was possible to buy an automobile for a few dollars down, with three years or more to pay. The trend alarmed business leaders who feared that installment buying was being overdone, and that the mounting volume of long-term con- sumer debt might put a deep dent in sales if general business suffered a lag. Acting in concert, leading auto- mobile finance companies on Septem- ber 1 fixed down payments on new cars at 33%; per cent, with 18 months to pay the remainder 6623 per cent in installments. The effect was immediate. Dollar volume of new automobile financing in September dropped 17.3 per cent under August, the largest August-to- September declme in post-depression years, and fell 3.3 per cent under September last year, the Department of Commerce estimated. Leading finance company executives are not depressed over the trimming of gross business totals. They feel a fringe of questionable new accounts has been lost, and that the remaining business is of better quality. Most im- portant, they believe installment buy- ing in the automobile field is on a sounder basis. Washington Produce UTTER—02 score, 1-pound prints. 30: 4-pound prints, 40; tub, 38: 90 score, l nound prints. 38: l4-pound prints, 30; b, 37 market ‘strong. A calves. 17: hmb‘! ; veal. 17; h e Tozen por 5 g am. 18: smoked ; slab bacon. 39; light hogs, s, 8i2a83, 30-350 pounds, : mediums, pafdis 330! heavies. Sleas) . 6YaaT v stag Blaatide: calve 2% GG -Marke! steady firm. Re- Prices unchanged. and dated eggs’ celBte Sontig Hen Government _ graded 29 to 30 mium paid " oo arger sizes. Live poultry—Market unsettled on chickens but steady on other classes. Fowl: "Colored, heavy, E 3t g varying pre- . 34 to fancy lots, particularly o. 2, roosters, crosses, 4 to 3% s. it mixed colors. 2 10 to 12 pounds. 14 to 18 pounds 20 to ¥ old turkeys 17 to 18. Guineas. 2 pounds and over. 50 each; under 3 pounds. each. Fruits and Vegetables. Ssles in laree lots by original receivers up t am ay: APPLES—Relief. no carlot arrivals: one unbroken car on track. ~Commercial als; two unbroken cars on et “ U. 8. No. It Sunplies 1ib- : dem, ; market steady. Mar: hevivanta. Virginia and West, U al inch minimamm, B0; 13-inch minimum, 60x 65 Boxes and cartons: Pennsylvania and Virginia. as to size: Combinati fancy ‘ind, fancy.” Delicious. 00: 1;25-2.007 Staymans. 90} on Rew Deliciovs 1 : fancy, Grimes, L10-150: Melntosh. 15180 arade. Delicious. 1.10-1 40 LIMA BEANS—Supplies light: light: market steady. Fastern Shore Mary- iand. bushel hampers, best, 3.50; fair con- dition. 2.00-2.50 SNAP BEANS —Supplie! light: light: market steady. Bushel "hampers: Florida. green. flat_typ: 0: round 0 soum Carolina, " green, flat_type 2.50-% CU BERS_Supplies light: demand Florida, bushel bas- extra demand demand stringless. Jight: market sieads. kets. U. S. No. 1. 3.00-3.50. SQUA! SH—S“DDI‘C! llkhl “demand light; market_steady. Florida mpers. ght:" demand Florida, “Buehel light: orida, light: = demand demand PLAm‘~sunm fes eady. bushel R! lies light:. market szeaJ’ New Jersey, bushel baskets green. 1.00-1.10. 'S—No carlot _ arrivi broken Cll’fi on track. Supplies mand light: market steady. : two ht; de- (. Syutos. Western _leituce crates. hed, 2.50° 3.00; Pennsylvania, bushel askets, topbed, washied, c;«uunow‘:m—r{o carlot arrivals: one broken car on Supplies moderate: gemand ' ligh Pteady. " Lon and, crates, T BRY . —One New York arrived: three broken and one unbroken cars on track. Supplies moderate; ~demand _moderate; market steady. Individua ed: New Jersey, 59 48 32 crates, 50-2.75 -rket California _arrived; 2 cars unloaded: 5 cars diverted: 3 broken and 11 _unbroken cars on track. = Eastern Supplles very light; demand slow: teal Ohio, cartons containing askets Concords. 1.35-1.50. LETTUCE—Four California srrived: pine broken and six unbroken c track piles. Iiberal; demand. Slow: atker b’ Gatlforn Western crates Iceberg type, b dozen, 2.25-2.50, few higher: fair condition, S—No_carlot broken car on track. demand _ light; mfl}:ku s‘n’rnuls; one une upplies moderate; steady. _ Fifty- a) mxton. Valencias. 3 mcheu d l‘l’!fl' 1.40-1.51 O EASSNo carlot arrivals: one broken car on track. upplies light; demand light: market steady. Cfllflnrnh, bushel hampers, Telephones. 2. 3.0 ter) Shore, Virginia, bushel ove, _yues s POTATOES—No carlot arrivals; one un- broken car on track. Supplies moderate: demand_ light: market_stegdy. 100-pound sacks, Pennsylvania, Cobblers, 1.15-1.25; U. 8 commercial. 1.05-1.10: New Jersey, Cobbiers, U. 8. No. 1, 118125 Maine, n_ Mountains. 0. 1. mos| o 35; Idaho, Russet Burbanks, U. hampers, small INACH._Siipplies moderate: demand G Pennivivans, bush- el baskets. Savoy type. e g omites od mogerate: ATKe: steady: &1 baskets, 35-50. COLLARDSSupplies _moderate: _de- man moderate; market steads. Virainis, 1 “baskets, 35 B POTATOES—Truck recelpts : supplies moderate; _demand +“market steads. North Catolina, blishel baskets. Porto Ricans, 65-75: Mary- Tand. bushel - baskets. Porto Ricans and 5-7] Ofild&fme' JETABLES—No _carlot ar- rivale: one broken snd ons wnbroken cars O ARANAS—No (SaTiot arrivals; one boxes. 75-1.00. ken car on tracl PR OCADOSFiotida. nmfl——?eflfll)‘lellv 30-40 per dozen BOUTS—California, 25- e; demand rginia, bush- bunches. und drums, 525- % OLi—fio ¢ariot _arrivals: _one ‘brol ken Cll’ on track. Pennsylvania, bushel crates. 1.25-1.50. CHESTNUTS—Italian, 7-8 per pound. Eflms— assacl CRANB] husetts, Ye-bar- Tel boxes. 2.40-2.50. GRAPEFRUIT —One Filorids arrived: 1our broken A4 two unbroken cars on track. Florida. boxes, 2.00-2.75, ss to grade and size. ME—Maryland and Pennsyl- vania, 3-pound baskets. ORANGES—No elrlnl flvtll. one broken car on track. Horldl, boxes, 2.00- . as to size and grads Al m—PeBnlylvlnll. Ya-hushel bagkets, 50, — Pennsylvania, Ya-bushel bukeu; 40-50. IATES — California, boxes, 1:000055 PERSIMMONS—Virginia, 6-basket erates, 1.50. kets. topbed, 40RBO; BEr dosen ‘Sunchess 25-30, [N DIVIDEND OF §1 McClellan Stores Reports 5.1 Per Cent Increase in Nine Months’ Sales. By the Associated Press. NEW YORK, Nov. 4—Directors of Great Atlantic & Pacific Tea Co. have declared a dividend of $1 on the com- mon stock. The company previously paid $1.50 quarterly on the common, | ¥ plus extras, ‘THe regular quarterly dividend of $1.75 was declared on the first pre- ferred, both payable December 1 to stockholders of record November 12. McClellan Storés’ Sales. McClellan Stores, Inc., operators of | May & chain of variety stores in the Mid- dle West, Southern New England and | May the Southwest, reported today sales for October at $1,976,244, a decrease of 239 per cent from $2,024,653 in October, last year. Sales for the first nine months, however, showed a gain of 5.1 per cent. Standard Oil of Calif. Dividend. Directors of Standard Oil Co. of California declared an extra dividend of 55 cents a share in addition to the regular quarterly dividend of 25 cents a share. Payment will be made December 15 to stockholders of record November 15. Earnings tor the third quarter this year amounted to $1.02 a share, com- pared with 58 cents in the 1936 quar- ter, and for nine months this year $2.38, against $1.27 last year. Purity Bakers’ Profits, Purity Bakeries Corp. reported con- solidated net income for the 40 weeks period ended October 9 of $443,729, equal to 58 cents per common share, compared with $343,581, or 45 cents, the corresponding period last year. ‘The figures did not include processing tax refunds and provision for surtax on_undistributed profits. Directors voted 15 cents per com- mon share dividend, payable December 1 to stockholders of record November 15, the same rate as paid previously. Directors of Cushman's Sons, Inc, New York, Purity subsidiary, voted 871, cents on the 7 per cent cumula- tive, payable December 1 to stockhold- ers of record November 15. Creameries’ Earnings Up. Creameries of America, Inc., re- ported that earnings for the current year were approximately 15 per cent ahead of the 1936 period. Consolidated net profits for the nine months ended September 30 totaled $387,734 after allowing for charges and normal income tax. This is equivalent, after deducting preferred dividend requirements, to 82 cents a share on the 382,275 shares of common stock outstanding and compares with $308,883, or 58 ~ents a share on 381,675 shares outstanding in the full year of 1936. Walworth Co. Profit. Walworth Co.,, manufacturer of valves, fittings and pipe, reported n- dicated net profit for the quarter ended September 30 of $231,528, equal to 17 cents a common share, compared with $174,029, or 13 cents a share in the like 1936 quarter. Nine months’ net profit was $1,254,023, or 95 cents a share, compared with-$254,566, or 20 cents a share, in the same period last year. Abbott Net Income. Abbott Laboratories, Chicago, manu- facturer of drugs and other products, reported net income for the nine months ended September 30 of $1,- 327,580 after charges, but before Federal surtax, equal (o $2.07 a com- mon share. No comparison was avail- able. Pressed Steel Car Net. Pressed Steel Car Co. Pittsburgh, reported net income for the quarter ended September 30 of $76,316, or 2 cents a common share, against $218,- 653, or 37 cents a share in the preced- ing quarter. Comparison with the September quarter last year was not available. Nine months’ net income was $682,732, equal, after preferred dividends, to $1.15 a common share. Douglas Aircraft Profits. ~ Douglas Aircraft Co. reported that, faced with the necessity of preserving working capital, it would recommend that no dividends be paid on the stock during the next fiscal year to end No- vember 1, 1938. Operations for the company and subsidiaries for the nine months ended August 31, last, resulted in net profits of $1,057,795 after allowing for all charges, including normal Wederal income taxes. This would be equal to slightly more than $1.85 a share on the 570,683 shares outstanding. ‘The company estimated surtax of these profits would amount to $205,000. Woolworth Sales Rise. October sales of F. W. Woolworth Co. totaled $26,788,140, a rise of two- tenths of 1 per cent over the $26,- 733,270 for the like 1936 month, the company announced today. Septem- ber sales showed a gain of 3.6 per cent over September, 1936. For the first 10 months this year, sales were $232,450,263, an increase of 5.2 per cent over the $220,981,276 for the like 1936 period. American Power & Light. American Power & Light Co., hold- ing company affiliate of Electric Bond & Share Co., with operating properties in Southern and Western States, re- n | ported for the 12 months ended Sep- tember 30 consolidated net income of $11,382,853, equal after dividend re- quirements on the preferred stocks to 57 cents a common share. For the preceding 12 months net income was $10,161,200 or 17 cents a common share. The preferred stocks are in arrears on dividends. C. B. S. Net Profit. Columbia Broadcasting System, Inc., and subsidiaries reported for the 39 weeks ended October 2 net profit of $3,053,416, equal to $1.79 a share on the combined class “A” and “B” stocks. For the 40 weeks ended Oc- tober 3, 1936, net profit was $2,451,740 or $1.44 a share on the combined stocks. Timken Co. Net Income. Timken Roller Bearing Co., Cleve- land, reported for the September quar- ter net income of $2,756,246 before Federal surtax, equal to $1.14 & share on capital stock. This compared with $2,023,773 or 84 cents a share in the like period last year. National Supply Profit. National Supply Co. of Delaware and subsidiaries, including Spang, Chalfant & Co., reported for Septem- ber quarter net profit of $1,846,150 be- fore Federal surtax, equal after div- idend requirements on the preferred stock to $1.35 a share on 1,148,364 common shares outstanding after the three for one split-up. This compared with $2,123,389, or $1.59 a share on common in ing quarter and $1,047,311, or 66 cents a share on common in September, 1936, quarter, besed on present capitalisation. \ FINANCIAL. CHICAGO GRAIN CHICAGO, Nov. 4 (P).—Stop loss selling late today led to maximum set- backs of more than 2% cents a bushel for Chicago wheat values. Breaking of season low price records n wheat continued, carrying the mar- m here to more than 40 cents under the season’s high. Weakness of securi- ties, together with dearth of export de- mand for wheat from North America, had s notably bearish effect. I At the ciosc, wheat was 15-2% un- der yesterday’s finish, December, 89%- 89%; May, 90%-%. Com, 1 to 1 cent. down; December, 57.-%; May, 59%-%, and oats, ¥-% off. 3 1900 785 2 57 b0 Chicago Cash Market, Cash wheat, No. 4 red, smutty, 89; No. 3 hard, 95. Corn, No. 5 mixed, 48; No. 2 yellow, 58%; No. 3 yellow, 55-57; No. 2 white, 59; old, 60%; No. 4 white, 53%-57%. Oats, No. 1 white, 31%-33%; No. 2 white, 33-331%; buckwheat, No. 1, 1.75; soy beans, No. 2 yellow, 93%-94%;; No. 3 yellow, 92-94: barley, feed, 42-62, nom.; malt- ing, 60-91, nom.; timothy seed, 2.25- 65; red clover seed, 27.50-32.50; sweet, clover seed, 7.00-75. January Baltimore Quotations, BALTIMORE, Nov, ~—Wheat—No. 2, red. winter. (uhckn spot. domestic, 96: November, 96. 2 MARYLAND BANKS WILL PAY DIVIDENDS By the Assoctated Press. BALTIMORE, Nov. 4—State Bank Commissioner Warren F. Sterling an- nounced yesterday payment of divi- *¥% A—21 BANK CLEARINGS 0P 1935 AGAIN Gain of 0.3 Per Cent for Week Shown—Total Is $5,311,305,000. By the Assoclated Press. NEW YORK, Nov. 4—Bank clear- ings for the short week just ended remained above the 1936 comparative for the third straight time, despite the continued recession at New York, The total for 22 leading cities for the five-day week ended yesterday, according to Dun & Bradstreet, was $5,311,305,000, compared with $5,- 296,277,000 for the same week a year ago, an increase of 0.3 per cent. In the year-to-year comparison for the week preceding, there was a rise of 1.1 per cent. At New York the turnover amount- ed to $3,158250,000, against $3,323- 1716,000 in the similar 1936 week, a drop of 5.0 per cent. The total for cities outside of New York went to $2,153,055,000, & gain of 9.2 per cent over $1,972,561,000 for the corre~ sponding period last year, Clearings for the latest week fell $534,896,000 from the total of the full week preceding. Between the two like weeks of 1936 the loss was only $486,396,000. Increases aggin predominated at outside centers, some of the more im- portané being Detroit, 28.4 per cent; Seattle, 26.6 per cent; Minneapolis, 26.6 per cent; Cleveland, 23.6 per cent; Portland, Oreg., 22.1 per cent; San Francisco, 20.1 per cent, and Richmond, 19.7 per cent. Clearings at leading cities, together with percentage changes compared with those of 1936 follow, also, the daily average bank clearings for the months of August, September and Oc- tober: (In thousands of dollars.) Week(5 day), Per cent dends to depositors by two Western | Boston Maryland banks, reorganized after the | Buffalo bank holiday of 1933. Commissioner Sterling said the Bank of Brunswick of Brunswick, Md., was authorized to make a 10 per cent dis- tribution. This brings this bank’s pay- ments to 30 per cent. The Bank of Boonsboro made an| additional payment of 5 per cent on beneficial interest certificates, Sterling | said—the eighth 5 per cent payment | made since the Boonsboro institution | Was reorganized. BANK OF ENGLAND. LONDON. Nov. 4 (#.—The Bank of Engiand statement for the Week cnded November 5 (in thousands of pounds) Girculation + Reserves _ Public - deposits - Private deposits Government securities Other securitie: Praportion of the bank's reserve to I- al ls “(nfl per cent, compared with 10341 al Pittsburgh Cleveland __ Cincinnati - Baltimore Richmond Atlanta New Orleans Chicago Detroit __ St. Louis _ Louisville Minneapolis _ Kansas City _ Omaha = Dallas = San_Prancisco Eortland, Ores.. Seattle Total _. New York Total all _ - $5.311,305 Average daily: October September August ___ = $974.401 963.040 850,164 MONTREAL SILVER. MONTREAL. Nov. 4 (.—Silver futurcs onened steady. 10 points lower. November. #1550 December, 44.55b; March, 44. 06b: OCTOBER 30 THRU NOVEMBER 6 Your Only Opportunity to See and Compare the New 1938 Automobiles . . . Side by Side! ADMISSION: Daily, 11 AM. to 6 P.M.._25¢ Evenings,6P.M.to11P.M. 40¢c See These Radio Broadcasts From the Show! Fri,, Nov. Sth WMAL WRC: “Ida Clark, Organ” 1:45 to 2:00 P.M. “Evelyn Tyner, Helen Ault” 2:15 to 2:30 P.M. WOL: “Tony Wakeman” 6:00 to 6:15 P.M. WISV: “Arch McDonald” 6:15 to 6:30 P.M. AUTOMOTIVE 24th ST. NW. P.U.C.Ca Order Issued WMAL: “Man-in-the-Street” 7:30 to 7:45 P.M. WRC: “Scavenger Hunt” 7:45 to 8:00 P.M. “Quiz” 8:30 to 9:00 P.M. EXHIBIT HALL BETWEEN M & N WOL: r-Bus Fare By order of the District Public Utilities Commission issued November 3d, fares on our cars and buses will hereafter be as follows: Single cash fare, 10 cents. Unchanged Tokens, six for 50 cents, instead of four for 30 cents. An in crease of five-sixths of a cent a ride, one and two-thirds cents per round trip, a total increase of a weekly. dime for six round trips School fares, 3 cents. Unchanged Weekly passes, $1.25. Unchanged 5 cents, no transfer, on Bureau of En- graving, Chevy Chase and Bureau of Standards loops. Unchanged. By the commission’s order these fares are made uniform, with universal free transfers, on all cars and buses in the District, except the Hains Point line, It is hoped, by Commission and Com- pany, that the slight increase in token fares will yield $254,000 yearly added revenue—enough 1o buy 16 new cars or 21 type. new buses of the finest Capital Transit Company