Evening Star Newspaper, November 4, 1937, Page 22

A2 xxx FIN SECURITY.BRANCH NG _STAR, WASHINGTON, D. THURSDAY, NOVEMBER 4, 1937 TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Star. l 30 n m, 2:30 p.m. FINANCIA STOCK: LEADERS > 12:80 p.m. 2:30 p.m. Prev 1037 Stock and Net Prey 1037 Stock and Bales— ll;llh. l;)'. Prev, 1937 Stock and Dividend Rate, High, Prev 1037 Stock and Net Low. Dividend Rate, ENLARGES SPACE Improvements on Unit at 7th St. and Mass. Ave. Are Completed. By EDWARD C. STONE. Extensive improvements have been eompleted at the Central Branc. of the American Security & Trust Co, Seventh street and Massachusctts| avenue N.W., the lobby having been substantially enlarged and much ad- ditional space provided for the officers, as well as for patrons wishing to open | new accounts. The changes were ne- | ec:sitated by increased business. The tellers’ cages have been en- larged and furnished with modern steel equipment, including low steel partitions. All offices have been equipped with the latest type of fur ture, with decorations made to harmo- nize in color. The three floors of the building occupied by the bank have been renovated and redecorated, add- ing to the service facilities of the safe deposit, foreign exchange and other departments. The Central Branch, was originally | the main office of the Home Savings| Bank, which was merged with thr“ American Security & Trust Co. in| 1919. Edward E. Swan, Richard E‘ Harris, Charles C. Boswell an®t James L. Goldsmith, assistant treasurers of | the company, are in charge of the! branch. The trust company was one | of the first in the city to establish an advisory board of brauches, this board now being made up of the following members: John M. Beane, John G. Bell, Wil- liam E. Bradey, Joseph P. Burke, Robert J. Cottrell, Charles R. Denny, John B. Geier, Henry Foote Gibbs, John D. Green, Gilbert Hahn, Charles M. Hammett, Sidney L. Hechinger, L. A Herman, Ralph A. Judd, Charles Kattelmann, A. Magruder MacDonald, William Miller, William E. Miller, Howard Moran, James C. Nealon, M. Frank Ruppert, Andrew Saul, John Saul, Edward E. Swan and Henry Wahl. New Insurance Program Urged. William P. Worthington, superin- tendent of agencies of the Home Life Insurance Co., New York, told more than 200 members of the District | « Life Underwriters Association at the November lunch- eon, at the Wil-| lard Hotel this noon, that they | should have a new and very definite program for selling insur- ance. He likened insurar:ce men to authors and pro- ducers of the best books or best plays of the year. He declared that | authors do three | things. They uncover a problem, work out a solution, and make the char- acters want to solve the problem. The modern underwriter must do the same things for his clients that the author or playwright does for his audience: (1) Uncover the problems in every life situation that life insurance can solve. | (2) Work out a plan for the best pos- sible solution to those problems. (3) Bring the client a full understand- ing of both the problems and the solution so that he will want to solve the problems. If the client wants to solve those problems he will buy the life insurance plan that will be a posi- tive solution. But if he does not want to solve the problem, he will not buy no matter how hard some one tries to close a sale. President Paul H. Primm presided at the luncheon, the second of the present season. Brief committee re- ports were also presented. Equitable Officers Elected. ‘Walter S. Pratt, jr., was re-elected president of the Equitable Co-oper- ative Building Association at the an- nual meeting, held late yesterday. Other officers were also re-elected, in- cluding Harry G. Meem vice presi- dent; Gilbert Grosvenor, vice presi- dent; Edward L. McAleer, secretary, and J. Harold McDowell, assistant sec- Tetary. All directors were re-elected, the board being composed of Ralph P. Bar- nard, Charles H. Doing, Gilbert Gros- venor, Arthur B. Heaton, Robert L. Lewis, Edward L. McAleer, Harry G. Meem, Theodore W. Noyes, Arthur Peter, Walter S. Pratt, jr.; Frank J. Btryker and Wilson L. Townsend. President Pratt presented the com-v pany’s fifty-eighth annual report and | was very enthusiastic over business during the past year which, he said, proved the best in the Equitable’s his- tory. Assets have passed the $7,000,000 mark, he said, adding that there had been an expansion in loans and that all other departments had made sub- stantial progress. The meeting was held at 915 F street N.w,. Mathews Arouses Bankers, George C. Mathews, member of the Becurities and Exchange Commission, aroused great interest in ‘an address before the Investment Bankers Asso- eciation yesterday, when he urged closer co-operation of investment bankers in the Government’s attempts to regulate the securities business. Delegates expressed surprise at his address which, they said, differed ‘widely from “lectures” other commis- sioners have given at previous con- ventions. Mr. Mathews declared that the of the commission are to “provide full information, eliminate fraud and manipulation and keep movnig the mechanism of a free and open market.” Commissioner Mathews declined to discuss the recent stock market trouble, saying it was too scon to appraise the situation accurately. He also avoided Wall Street claims that ‘Government regulation has hurt the securities markets. Edward B. Hall, association presi- dent, told the 600 members that many recently planned new issues may have to be abandoned because of unsettlement in investment markets. Heard in Financial District. ‘The American Telephone & Tele- graph Co.s announcement of the calling for redemption at par on Jar- uary 3 of the outstanding $12,923,000 4% per cent convertible bonds due July 1, 1939, was of special interest here. These bonds have been listed on the Washington exchange for many years. W. P. Worthington. High, Low. 14335 257 187 99 9974 1501 20t 2919 107 lt‘- 2 30 47 Dividend Rate. 38 Abbott Lab (1.60a). 56 Abr & Straus 2.50g- 45 Acme Steel (4) 9 ‘Adams Exp (.30g)-. 16'5 Addressog (1.40)... 1'5 Advance Rumley.._. 53 Air Reduction (1a). '3 Air-Way El Ap 8 Alaska Jun (.60a).. 1 Alleghany . -om.. 11 Alles pf $30 WW..on 10% Alleg pr pf 13 Alleghany Stl 1. 60.' 6% Allen (ndus (1) .o 2150 Allied Chem (8) .cn. 10 Allied Mills (2g) ..o 614 Allied Stores (.20a). 50 Allied Strs of (5) ... 34 Allis Chalm (2g) .. 812 Alpha Portland (1). 1u Amal Leath Amal Loa\:n ot (3).. 9 Amerada -, 53'a Am Ag C(Del)6. 10~ Am Bank Note %g_ 285 Am Brake Sh (2g) .. 126 Am Brake S pf 5% 7915 Am Can (4a) 151% Am Can pt (7) 15% Am Car & Fy (%8)- 11%4 Am Ch&Cable 1g_ 90 Am Chicle (4a % Am Colortype . ' Am Comel Aleo 2ty Am Crys Sug 3.25g. At Crys Sug pf(8) Am Encaustle Til . Am & Forelgn Pow. Am & F P §6 pt Am & For Pw §7 pf 5% Am & For Pw 2d pt 2!3 Am Hide & Leath Am Hide & L pf (3) 2l Am Home Pr (2.40). s Am fce = 14 Am lee pf (1.50g) .— 6% Am International 142 Am Locomotive 53 Am Loco pf 104 Am Mach & Fy (1)~ 3 Am M& Met € 60) 29 Am Metal (1.258) .__ 53 AmNewsN Y (3). Am Pow & Lt . 26 Am P& L $5 pf ¢5). 31 Am P& L 36 pf (6). 9% Am Rad & St S(.60) 2 Am Roll Mill (2a) 70 Am Roll M cvpt 434 17'3 Am Safety Raz (2). 73 Am Seating (%8) 27 Am Shipbldg (2a) - 45 46 AmSnuff (3a) 2214 Am Stl Foun 1.50g... 10' Am Stores (1.50g)-. 28% Am Sugar Ref (2 10475 Am Sugar pf (7). 14 Am Sumatra (1a)__ 140 Am Tel & Tel (9) 66 Am Tobacco (5) 2 Am Tobacco B (5).. 128% Am Tob pf (6) ___. 4l Am Type Fdrs 8 Am Wat Wks ( 60g) 82 Am Wat W 1pf(6)- 315 Am Wonlen 301, Am Woolen pf(3k)_ 3% AmZinc L&S ___ 24% Anaconda (1%g) - 39 Anac'da Wire 10 Anchor Cap (. 96 Anchor Cap pf G%_. 7 Andes Copper. 2% A P W Paper 93 Armour Del pf (7 4% Armour (I11) .70, Armstrong Cork 2g_ Arnold Const (%g). 25 Artloom 63 Asso Dry Goo 5 Assoc Invest (3) Assoc In pf ww(5)- 5 Atch T&SF (2) . 18 Atlantic Coast Line 18 Atlantic Refin (1) .. 1013, Atl Refining pf (4)_ 75 Atlas Corp (.80) 391 Atlas Corp pf (3) _ s Atlas Powder 2.50g. 415 Atlas Tack (.508)-- 6% Auburn Auto 15% Aust Nich pf A(5k). 2% Aviation Corp 5 Baldwin Loco ct 8t Balto & Ohio .. 10 Balto & Ohio pf.. 30 Bang & Ar (23%) 99 Bang & Arpf (5).. 10% Barber Co (18) - 10 Barnsdall (1) 9% Bayuk Cigar 56%g 13% Beatrice Cr (1a) 33 Beech Creek RR(2). 7% Beldin-Hem (1) .. 8'% Bendix Aviat 768 15 Beneficial Loan(2g) 37% Best & Co (2%a). Beth Steel (4g)___ . Beth Stl 5% pf (1) Beth St17% pf (7). Bigelow-San (3g) .. Blaw-Knox (.70g) Boelng Airpl Bohn Alum (2, 705’). 76% Bon Ami (A) (4) .. 39 Bon Ami(B)(2.50) .. 15 Bond Stores (1.60). 174 Borden (1.60) 24'4 Borg-Warner (2) 3 Boston & Maine . 18% Bower Roll Be(2g) . 7 Bridgpt Brass .65g- 18 Brigss Mfg (2.50g; 33 Briggs & Strat (5) . 29 Bristol-My (2.40a 8 Bklyn-Man Transit. 82% Bklyn-Man pf (6)_. 1 Bklyn & Queens 19% Bklyn Un Gas(1.60). 6 Brunsw-Balk .50g . 614 Bucyrus-Erie .25g. 2% Budd Mfg 35 Budd Mfg pf. 215 Budd Wheel (.. 105). 10% Bullard Co (1).. 26 Bulova Watch (4a 4 208 1 13 7 oA 3 S [T e S AT TSP SO PG PP PP PRS- o E - i T Xt e B 1 =P x 1108 65 7 80 56 7 - 1 1108 Am Sm & Ref (4g). x 45 4 2 1 5 2 32 1 208 10s 1 37 64 1 2 13 12 7 Burlington Mills(1)x 10 15 Burr'gh Add M(1a). 1% Bush Term (r) 10 Bush T Bld pf ct(r) 5t% Butler Bros (.60) - 16% Butler Bros pf(1%) 2% Butte Cppper & ... 6 Byers oF 124 Byron Jackson(2a)- 20% Calif Pack (1%a) 1 Callahan%-La . 4 Calum & Hec 1.10g- 10% Campbell Wy (1) _.. 9'% Canada Dry G Ale. 7 Canadian Pacific. .. 33 Cannon Mills 1%g.. 614 Cap Adm A (%g) .. 40 Cap Admin pf A(3). 2% Carriers&Gen .15g. 89 Case (J I) (6g) 129% 109 Case (J D) pf (D) 29% 132% 170% 5‘2% Caterpillar Tr (2a). Celanese (2.26g) Cent Asuir (134a). Central Fdy Cent I11 Lt pf (4%). Central RRNJ Central Violeta Sug 00‘6 Cerro de Pasco(4a). 3% Certain-teed 1813 Certain-teed 6% Df. 29% Champ Pap & F (2) 41 Ches & Ohito (2.80a) % Chi & East 111 (r)-.. 1 ChiGt West(r) _.. 3 ChiGt West pf (r). 10% Chi Mail Ord 1.50g - % Chi MStP&P (r)_. 1% Chi M St P&P of(r). 1 Chl&ENWm ___ 3 Chi&N W pf (r)... 6% Chi Pneu Tool 29% Chi Pneu T cv pf(3) 1 CR1&P6%pfr). 1% CR 1 &P 7% pf (r) 6% Chi Yell Cab 1%g... 12 Chick Cotton Of1 ... 3 Childs Co 36 Chile Copper(1.75g) 52% Chrysler Corp 10g__ 11 City Ice & F (2) . 70 City1&Fpt (6% 2 City Stores 24% Clark Equip 4.30g__ 23 Clev Graph B1%g. 281 Climax Molybd .90g. 1313 Cluett Peabody (1). 125% Cluett Peab pf(7).-. 93% Coca-Cola (3g) - 7 6 708 4 49 58 633 65 38y Bales— Add 00. High, l.uw. Close. chge. 38 37T% 8T% - Y% 49 —-13% 58 10% —. FREEEE gEoe Pl+1++1 - L+ ++ +|++.|°|+IIII|+"I++ FER FEFEL R & FEFE (REEREINE S sefesseees -1 % 12% % 159% 39% Bl 17 3T 16 45% srEOF OEF FEFEEEFES ™ 15% 60% 65% 5% T0% 88 33% 43% 38% 20% 88% 29% 5114 & 581y 9% 11 22% 4Th% 144 131% 33% 6 lS!t 64% Dividend Rate. ‘a 1 Comwlith & Sou.... 34 Com & Sou pf (3)... 4% Conde Nast 21 Con‘oloum-nrn(l). 8 Consol Aircraft._.. 4% Corsol Cigar . __. 22 Consol Edison (2)..x 93 Consol Edis pf (5).. 1 Consol Film. . ceee 4% Consol Film pf..... 3% Cons Laundries..... 7 Consol Ofl (.80a) % Consol Textile (r. 3 Consol Coal ... 10% Container (1.20)... x T4 Contl Baking Awe... 1 Contl Baking B ... 65 Contl Baking pf(8). 41% Contl Can (3) .. 54 Contl Diamond 1% g 23 Contl Ins (1.60a) ... % Contl Motor . 24 Contl Olllml)l\‘l 914 Contl Steel (1) .__.. - 47% Corn Exchange (3). 50%5 Corn Prod (3).cee-.. 21% Cream of Wh (2().. 7 Crosley Radio. ... 31% Crown Cork (2) ... 813 Crown Zeller (%§)- 21 Crucibie Steel 3 CubaRRpf. 2% Cuban-Am Sugar... 16 Cudahy Packing.... 4 Curtis Pub - 47% Curtis Pub pf 6.25k. 2 Curtiss-Wright. .. 8% Curtiss- Wright A 234% Cutler-Hammer . 6 Davega Stores (1a). 96'% Dayton P&L pf 4% 24% Deere & Co new ... 21 Deere & Co pf (1. 40) 8 Deisel-Wem-G (1a) 13 Del&Hud. ___ 5 Del Lack & W 1% Den&Rio GW nf(l'). 98 Detroit Edis (6g) 38Y% Devoe & Ray A(3a). 18% Diamond Mat (1a) .. 30 Diam Mat pf(1%a). 6% Diamond T Mot (1). 10 Dist Corp-Seag 16% Doehler Die(1.| 50() 35 Dome Mines(4.508). 5% Dominion Strs - 26'% Douglas Afrcraft 94 Dow Chem (3.35g) 9 Dresser B (le). ... 1% Dunhill Intl 180% 113% Du Pont de N 4.25g - 135%4 130 Du Pontdeb (6) . 109 107% Dupont de N pf 4.50. 115% 109% Duquesne 1st p£(5). 1108 2% Eastern Roll 198 145 Eastman Kodak (8) 163 150 Eastman Ko pf (§). 15% Eaton Mfg (2.508)-. 3 EitungonSch . 15% Elec Auto L(2.20g). 3% Elec Boat - 3% Elec & Mus (.18¢) .. 6's Elec Pow & Lt 24 ElecP&LS$6Df 27 EleeP&LDI ... 22 Elec Stor Bat (2) ... 1% Elk Horn C1pf (r). 144 El Paso Nat G (2 3 Eng Public Service. 1% Equit Off Bldg. 4% ErieR R —— 8 Erielstpf . .. 5 ErieRR2dpf . _ 3 Eureka Vacuum Cl. 7 Evans Prod (1).... 1 Falrbanks COmmmnn. 7Y% Fairbanks pt. 2343 Fairbanks Mrse(1a) 26 Fajardo Sugar(4g)- 2 Sederal Motor..... 21, Federal Screw . 1% Federal Wat Sve A. 17 Fed Dept Strs (2) . 22% Fid Phoenix(1.60a). 16% Firestone T & R(2) 30 First Nat Stra(2%). 11% Flintkote (1) . 113 Follansbee Broi 27 Food Mach (2.50a) . 1115 Foster Wheeler . 70 Foster-Wheeler pf_. 2% Francisco Sugar . 55 Franklin Simon pf.. 18 Freeport Suphl (2)_ 20% Fuller Co pr pf. 6% Fuller 2d pf. 1% Gabriel A . 3% Gair (Robert) ____ 20 Gair (Robt) pf (3)- 10% Gamewell . 89% Gannett cv pf () - 4 Gar Wood Ind (%g) 53 Gen Am Inv___ 3813 Gen Am Trns(1%g) 5 Gen Baking (.60)... 6% Gen Cabl 14% Gen Cable A - 22% Gen Cigar (2.50g) .. 34 Gen Elec (1.20g) .- 28% Gen Foods (2) .ceme % GenG & El A 48 Gen Mills (3) . 'a 81% Gen Motors (3. 75g), 122% 111 Gen Mot pf (5) ... 3% Gen Out Ad 21% Gen Out Ad 17 Gen Ry Signal (1).. 1 GenReal & Utll ___ 18 Gen Refract (2h)... 13% Gen Stl Cast pf .. 914 Gen Theater Eq.T5g 19% Gen Time In (1a) .. 8 Gen Tire&R (.50g)... 8 Gillette Saf R .75%. 56 Gillette pf (5)_...L 7% Gimbel Bros — 20% Glidden Co (22) ... # Glidden rts__Dec 15 43" Gliddencv pf (2%). 1'% Gobel Adolf . _. 2 Goebel Brew (.20a). 18 Goodrich (BF) 1g.. 16% Goody'r T&R (28) - 77 Goodyr T&R pr (5). 3% Gotham Silk H..._. 1% Graham-Paige..... 3 Granby Consol. 1% Grand Union . 10 Grand Un pf 2.| 50k - 167% Gran City St11.50__ 25% Grant (WT) (1.40a) 2343 Great Northn pf 2g_ 10 Grt Nor Ore ct(%g) 23% Grt Wst Sug(2.40a) 15% Green (HL) (1.60a) 7% Greyhound (.80) . 7% Greyhound pf (.65). % Guantanamo Sug... 12 Guantanamo pf. 3% Gulf Mob & Nor. 26% Hack W pf A (1{). 4% Hall Pri 92 Hanna $5 of (5)_ 18 Harb-Walker (2) 5 Hat Corp (.808) 1% Hayes Body . 6 Hecker Prod 96% Helme (G W) (6a)_. Hercules Mot (1).... 88 Hershcvpf (4a) . 15% Holland Furn 1.50g. 10 Hollander (1) - 16% Holly 8ug (2%£)- . 393% Homestake Min ¢34, 23 Houd-Her A (2%).. 6 Houd-Her B (1%)._. 44 Household Fin (4).. 4% Houston Of1 c—— 87 Howe Sound(3a)... 4 Hudson Motor..... 1% Huop Motor.. 8 Illinois c-nml~ 16 IllinoisCent pf... 41 5% Indian Refining_ .. 16 Indust Rayon (2)._ 80 Ingersol Rd (4.50g). 64 Inland Steel (4a) ._. 6% Inspiration Copper. 3% Insuranshar (.10g). Interchem Corp(2). 111% 100 Interch Corp pf{6). 114 281 9% 68% 189 132 120 214 Intercontl Rubber. 6 Interlake Iron .40g. 2 Intl Agricut . _. 18% Intl Amvi pr of (3k). Intl Bus Mach (6a). 63 Intl Harv (2.50a) ... 12 31 18 80 5 1 110% 111% 18 6% 12 160 108 24 4 28 21 3 163 ©a - M rrSBunaraBonBanmna 3 208 2 19 32 5 26 83 Il Cent LL (4) e 110l 1 6 4 10 34 1 908 5 87 8 1 25% 1 135 43 16% 38 Intl Hydro-ElecA.. 35 117% 134 110% 111% 6 155% 164 20 A% 81 42% 45% 8l 13% 2% 118 134 110% 111% 6l 156 +% -% FEFELF & & EEE FEF -1% - % -2% + % + % +h -5 moo.nm:.uw. mfi:m High, Low. 136 46 4% 27% 110 23% 72 Jones&Lau pf 5.25k + 18 Kalam Stove 1.50g... 14% Kansas City Sou pf. 14% Kayser (J) (2g) ... 82% Keith-A-O pt 5.25k. 7 Kelsey-Hayes A ... 4 Kel-Hayes Wh B_.. 30% Kennecott (28) ... 5% Keystone S&W (1).. 22% Kimb-Clark (1a).... 1% Kinney (G R) 16% Kresge (SS) 1.20; 14% Kroger Groe (1.60)- 13 Lambert(2). _... 5% Lane Bryant(%g).-. 9% Lee Rub & T 1.60g- 14 Lehigh Port C (1%) 3, 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). 23 Life Savers (1. 8215 Ligg & Myers (4 83l Liggett & M B (4 lfl% Lima Loco (1) Link Belt (2) 32 Lone Star Cem (3)-. 2% Long-Bell A 18 Loose-Wiles(1.60g) 16% Loriliard (P) (1.20) ld'l% 126 Lorillard pf (7) __. 28% 99 41% llzh 107‘. 24% 35 12% 25%, 14% Louisv G&E A 1% 49 Louisv & Nash(6g). 13% Ludlum Steel (1)_. 26% MacAnd & F' (2a) .. 13% McCall Corp (1%) 7% McCrory Strs. ___ 12% McGraw Elec (1) 9 McGraw-H .57%g. 30% Mclintyre Pore (2).. 19 McKeesport T (2).. 5% McKess & Rob (d) - 6 McLellan Strs .95g-.. 184 Mack Trucks (1). 27 Macy (R H) (2a 18% Masma Cop (1%g 1% Manati Sugar (r)_.. 6 Manati Sug pf (r).. 4% Man Ry mod gtd(r) 10 Man Ry gtd (r) . 9% Manhat Shirt (1).. 1% Maracaibo Oil. _ ._. 5‘1 Marine Midl (.40a Magket St Ry pr pf_ Marlin-Rockwl (38) Marshal Fleld. .. Martin (Glen) caeee Martin-Parry. Masonite (1a) 3 Math Alkall (1%) May Dept Strs (3a) Maytag . Maytag pf ww (3). Mead Corp (1g) -. Mead Corp pt (6) ... Melville Shoe (5)... Menger - Mengel 6% pr(2 Merch&Min (1.60) . Mesta Mach (3.758) - Miami Copper - Mid-Cont Pet 1508 Midland Steel (2) Midland Stl 1 pf(8’ Minn-Hon Reg (3). 4 Minn-Hon pf B(4) .. Minn-Mol Imp._. Mo-Kan-Texas..... Mo-Kan-Tex pf. Mo Pacifie (r) % Mo Pacific pf (r) . Mohawk Crp(1.20; % Monsanto Chm (2g) Monsanto Ch pf 4% Montgom Ward(2a) Morrell & Co.. Mother Lode Motor Prod (3.50%) Motor Wheel (1.60) Mullins pf (7) ___. Murray Corp - Myers (F E) 3.75g ... Nasn-Kelv (1) _. Nat Acme (.50g) - 4 Natl Aviation Natl Cash Reg(1g). Natl Dairy P (1.20) Natl Dairy pf A(7)- Natl Dept Strs ... Natl Distill (2) . 4'/. Natl Gypsum. ... 18 Natl Lead (%) 21% Natl Mal'able 1.50g. 5 Natl Pw & Lt (.60). 55 Natl Steel (2.50a) 21% Natl Supply (Pa)- 24 Natl Supply $2 pre) 3% Natl Tea (.30g) 6% Natomas (.80). . 10% Newp't Indust (2g). 35 N Y Alr Br (1%48) 15% N Y Central 14 N Y Chi & St Louts. 31 NYCh&StLopf 15 NY City Om 2.40g-. 2% NY Dock. .. 5 NY Dockpf . 5‘/- 135 110 99‘ 26%3 6% 15% Investors (r) H & Hof (r). Ont & West (r) 3 N Y Shipblds 272 180 Norfolk & West(10) 114 102 Norfolk & W pf (4). 17% 34% 3 North Am Aviat__ 14% North Am (.90g) - 91 Northern Cent (4).. 9% Northern Racific .. 34 Northwest Tei (3).. 1% Norwalk T & R..._. 9 Ohlo O] (%48)emmmm 25 Oliver Farm..... 613 Omnibus .. 90% Omnibus pf (8) .. 5'% Oppenheim Col %g- 20'4 Otis Elevator .80x 6% Otis Steel 55 OtisStl 1st pf 5% . 14% Outboard M (2.50g) 63 Owens-Il1 G1 2.508 . 9% Pac Am Fish (1.20). 7% Pac Coast 1st pf. 4 Pac Coast 2d pf 11 Pac Finance (1.80). 22 PacGas & El (2) 34% Pac Lighting (3a) - 10% Pacific Mills(1%g! 12% Pac West Ofl (.65e) 4 Packard Mot(.25g)- 1 Panhandle P&R (r) 29 Panhan P&R pf (r). 38 Paraffine (3g) ... 814 Paramount Plet. 80% Paramount 1 pf (6) 8 Paramount 2 pf(.60" 1 Park Utah (.15g8) - 28 Parke Davis 1.80g. 12 Parker Rust(1.50a)- 1% Parmelee Trans. 4 Pathe Film 8 Patino Mines. ... 214 Peerless (.30g)-——-. 37% Penick & Ford 1%g. 651 Penney (JC) (3g). 1% Penn Coal & Coke 2% Penn-Dixie Cement. 16 Penn-Dixie pf A 14% Penn G1 §'d ct .50g-. 20 PennR R (%g) 34 Peoples Drug (1a) .. 22 Peoples GL&C (2g)- 39% Pers Marg pt 42 Pere Marq pr pl(E)A 14% Pet Milk (1)._ 9% Petro Corp (.90g) . 3, Pfeiffer Brew .90g). 27% Phelps Dodge 1% - 35 PhilaCo6% pf (3). 2% Phila Rap Tr pf (r) % Phila Read C&I(r). 65 Philip Morris (3) .. 64 Phillips Jon pf (7). 30% Phillips Pet (2a) 27 Phoenix Hos pf3%. 4 Pierce Oil pf - 6% Pitts Coke & Iron._.. 4% Pitts Screw (.45g)-. 8 Pitts Steel. _. 59% Pitts Steel pf 9 Pitts Term Coal pf. 1% Pitts United ... 8% Pitts& W Va. Net “:o 00. mlh. Ia'. Close. chse. 2 l! 1 20 1 16% 1’% 20 164 82% 10% 7 = o s 8 o AN NN S AT NS L NNRA NN NEN - e - S - S ~S 131% 99‘/: 103’4 ~1% e ' EPTP T BB O x 38 1 13 Plymouth Of1 140 7 Poor&CoB. ..... 1% Porto Ric-Am f A_. 2% Postal T & C pf (r).. Net Close. chge. b4 -1 54 + % 26% —2% 23% ~1% 25 -5l 1 Add 00. High. Low. 11 556% 53 29 4 % -4 17% — % 20 48% Radiocv pf (335) .. 2Y% Radio-Keith-O (r). 20 Raybest-Man(1%g) 16% — % 21 ReadingCo(2) ... 82% — % 30% Reading 2d pt (2) - 10 - % 1 Reis&Co - 7 81 Reliable Strs (1)_.. 31% — % 84 Rem Rand (1.05g).. 62 Rem R pf ww (4%) 1% Reo Motor 12% Republio Steel . Revere Copper 12!( Reynolds Met (1).. 8 Reynolds Spr (1)... 43 Reynolds Tob B (3) 4% Richfield Oil Corp.. 17% Ruberoid (.60).. 1 Rutland pf. 21 Safeway Strs (2) 92 Safeway Strs Df(‘) 27% St Joseph Lead(2a) 1 StL-San Fran (r) . 1% St L-San Frn of (r) 11 Savage Arms 1.50g . 2414 Schenley Distill(3). 78 Schenley pf (5%).. % Schulte Ret (r) ___ % Seaboard Air L (r). 16 Seaboard Ofl (1)... 57 Sears Roeb (3) ... 13% Servel Gorp (1a)... 3% Sharp & Dohme ... 615 Shattuck FG (.60).. 16% Shell Unton (%g).. 97 Shell Un pf (5%) ... 5% Silver King (.90g) . 17% Simmons Co 1.76g - 2% Simms Petroleum.. 28% Skelly Oil (1g) - 70 S) -Sheffleld S & 1 96 Sloss-Sheffleld pr(6’ 13 Smitb (A O) 13 Smith & Cor (1%g). 9% Snider Pack (1%8). 13 Socony-Vac (.80g) __ 1% Sou Am G & P .20g . 20%; South P.R.Sug (2a) 155 130 So Porto R S pf (8). 321 17% Sou Cal Edis (134a) 17 Sou Pacific 9 Southern Ry. 156 Southern Ry p! 1% Spalding 35% Spalding 1st pt. 1% Sparks With . 7 Spear&Co . - 10 Sperry Corp (.60g) . 14% Spicer Mfg (2g) . 8% Splegel, Inc (1) 55 Spiegel of (414) 17 Square D Co (.95g) . 7% Stand Brands (.80)_ 10“/. 101 Std Bramds pf 4.50_. 12% 2% Stand Com Tob 14% 2% Stand Gas & El (r). 32% 5 StandG&Epf(r)_ 65 10 Std G&E $6 prpf(r) 14 StG&E7% p of(r) 28 Stand Ofl Calif (1a) 2613 Stand Ofl [nd (1a 42% Stand Ol N J (1a. 22% Starrett (LS) 3g _. 54'3 Sterling Prod(3.80) 5% Stewart-Warn(%a)x 613 Stone & Web 3 Studebaker _ 54 SunOfl (1a) 9 Sunshine Mng (3).. 18 Superheater (1.25g) 114 Superfor Of1 _. 8 Superior Steel 15% Swift & Co (1.20) 22% Swift Intl (2) 4% Symington ww .60g 4% Symingtom xw 60g. 44 Talc pte pf (2.75a) 4 Telautograph (.60) 5% Tenn Corp (%g. 343 Texas Corp (2) .. 2 Texas Gulf Prod 23% Tex Gulf Sul (2a 16! Tex & Pac Ry - 5% Tex Pac C&O (.40) . 5% Tex Pac Land Tr. 19 Thatcher (.758) 70 The Fair pf (7) 2% Thermoid 10 Thomp Prod 1.40g.. 1% Thompson-Star . 6% Thompson Starr pf. 13t Tide-Water As(1a) 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)._. 1814 20th Cent-F 1.50g 2515 20th C-F F pf 1% 2% TwinCity RT . 40 Twin City of (Tk)_. 7 Twin Coach (.45g)-. 1'% Ulen & Co 57 Und'w'd-El-F 3. 25‘ 9 UnBag&P (.12 67 Union Carbide 3.20g 17% 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% Unft Air Lines 15 Unit Biscuit (1.60). 55 United Carbon (4a). 20 Unit-Carr Fast (2). 2 Unit Corp - 25% Unit Corp pf (3) ... 5 Unit Drug l'll’-~— 2% Unit Elec Coal 24 Utd Eng & Fdy (2) x 52 Unit Fruit (3) -- 9 UnitGaslmp (1) _ 1137 101 Unit Gas Imp pf(5) 16% 3'3 Unit Paperbd (.30g) 347 5' U S Freight (1%e). 137 59 USGypsum (2) . 172 154% U S Gypsum pf(7).. 23% 6% US Hoffman Mach. 43% 16% U S Indus Alco 15% 3% U S Leather. 22% 6% US Leather L__.__- 2% 24 USPipe(3). .. 19% 3% US Realty & Imp... 72% 20 US Ruober.... . ... 118 48 US Rubber 1stpf.. 105 57 USSm& Ref (3g) - 126% 51% U S Steel (1g) 150 100% U S Steel ot (7) 136 114 U S Tobacco (5a) 6415 —115 % Unit Stockyds (3). 128 + 3 1 UnitStoresA _.__ % 1 11% Univ-Cyclops St(1) 8 50 Univ Leaf Tob (3a) 16 -1 29 Univ Pictures st pt o5 g % UHIP&Lt A (1) 38 — 7% 5 Vadsco. 16" w3 9% Vanadiu 4 + % 14% Van R.ulu (2%R) - 5% — 14 36% Vick Chemical (2a) 1% — % 2% Va-Caro Chem 50 —2 1815 Va-Caro 6 pf (1KY o5 8 Va lron Coal &Cpf 2 Wabash Ry (r) .. 2% Wabash pf A (r).__ T4 Waldorf Sys(.80g) - 18 Walgreen (2) . 32 Walker H G&EW( 3% Walworth - 7% Ward Baking A-.-- B - e s BT 9 26% - % 86% 8744 26% — 40 % -1% Sfacwen oF o WaNDeame T++++1 411 = FEREEFESE - 1 & T+ 1+ 1+ 0+ 1+ +i+1+1 “sse PEFEEE O e 2 X5 FEE FEF +t1144 v Fr lIII - FIEES +100 1 ++ o tH+++14+0100 9 588 1108 155 2 10 110% — 14 5% 115% — % 'Y (9 S © peZRanen Soandla T omas E TEELIL wEsTERE A T+++1 14 FEERRRES 4% Warner Bros Pict.. 2% Warren Bros (r). 16 Warren Fdy &P( 11% Waukesha Mot (1a) 20 Wayne Pump (2a). 1% Wells Fargo . ... 300s 23% Wesson O & 8 (14a) 1 109 88 WPenEl7% pf(7) 10s 123% 117% W Penn P 7%pf(7). 30% 16 West Auto Sup 1.60 2% Western Maryland. 4% 1 Western Pac 1% Western Pac pf 25% West Un Tel 2.2 17% Westhse Afr B(la). 90 Westhse E& M 4g . 170 113 Westhse E&M pf 4g. ZSOI llfl‘/s 10% Weston El In.75g_. 10% Westvaco Chl (1) 19 Wheeling Stl.._._.. 6 White Motor .. 1% White Sew I(ICB_._ 11 White Sew M pf_ .. 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_. 1108 38 Wright Aero 108 58% Wrigley Jr (38) . 4 28% Yale & Towne (.60). 1 74 Yellow Truck .. B8 101% 25 YgstwnSh&T (4). 48 43% 12 Zenith Radio (2g). 19% 37 2 19 4 624 39% - % , | stantially RALLY NEAR END Steels and Motors Regain Ground Lost Earlier in Session. Stock Averages Indast. Rads. 001, %%k, —8 —1 —4 218 S!.l 465 219 339 469 271 360 538 41.7 523 125 540 753 316 537 Net chanxe. Noon Previous day 66.3 Month ago. 76.5 Year ago... 98.2 1937 high...101.6 1937 low.. 1936 . 1936 loW.... 73.4 1929 high 1927 low. 516 953 618 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financiai Writer. NEW YORK, Nov. 4.—Stocks fell back and recovered at intervals in today’s market. While many were unable to regain the ground lost in the " previous session, a quiet last- minute rally aided leaders to finish with modest gains. Steels and motors flopped at the opening. There was a midday upturn, in which the worst sufferers sub- reduced their declines. Another dip came after goon, but dealings slowed appreciably. In the closing hour the principel steel and outomotive issues received support. Utilities tilted forward and some nibbling was evident in rails and other selected stocks on the thought vesterday’s washout may have been a little too severe. At the same time commission houses found their customers had small ap+ petite for enlarging commitments on the upside. - Clouding sentiment, it was thought, were further doubts about revision of disputed tax laws. Factors also were falling steel mill operations, declining freight loadings and electric power output, and spottier corporaton profits. ‘Transfers were approxmately 1,500,- 000 shares. Bonds and commodities, on the whole, continued to point downward. There was another break in coffee futures. Wheat at Chicago was off 113 to 2% cents a bushel and corn was 15 to 1 lower. Managing to post advances on the belated revival were U. S. Steel, Beth~ lehem, Youngstown Sheet & Tube, Chrysler, General Motors, U. S. Rub- ber, Boeing, Douglass Aircraft, Amer- ican Telephone, Western Union, Con~ solidated Edison, Electric Power & Light, Public Service of New Jersey, Standard Oil of California, Sanat Fe, New York Central, Southern Pacific, Southern Railway, Allis Chalmers and International Paper & Power pre- ferred. Off 3 to 5 points at the worst were Eastman Kodak, Dow Chemical and Columbian Carbon. Behind the greater part of the time were Wheeling Steel, National Steel, Inland Steel, Good- year, Goodrich, Sears-Roebuck, In- ternational Harvester, Caterpillar Tractor, Howe Sound, Westinghouse, American Can, Du Pont, Pennsylvania, Pullman, Lima Locomotive, Briggs Manufacturing, Johns-Manville, Con- tinental Can, National Distillers, Air Reduction, U. 8. Gypsum, J. C. Pen~ ney, Monsanto Chemical and Owens, Tllinois. NEW YORK COTTON By the Associated Press. NEW YORK, Nov. 4—Farly de- clines in cotton today, which carried December to a new low for the season, were recovered around midday, but the market again displayed s barely steady undertone in the afternoon. Easier foreign markets, December liquidation and a moderate flow of hedging supplied a limited demand. March, which recovered from 7.64 to 7.71, was 7.66 in midafternoon, when the list was 4 to 6 points net lower. New Orleans m..- NI Nov. 4 (®.—Cotton rallied from an early dt:lln! of more than 50 cents a bale here today and in the atternoon trading active lpu'luonl were selling 3 to 9 points net lows Decermber contracts traded at 7.70. Jon uary at 7.54 and July STEEL WORKER TOTAL SHOWS SLIGHT DROP: By the Associated Press. NEW YORK, Nov. 4—A total of 602,700 workers were employed by the steel industry in September, a reduc- tion of one-tenth of 1 per cent from the 603,100 working in August, the American Iron & Steel Institute an- nounced. Steel production fell 11.8 per cent between the two montha. 5 September steel production totaled 4,301,869 gross tons, againat 4,875,671 in the preceding month. September steel pay rolls at $86,- 161,000 fell 7 per cent under the $92,- 663,000 for August. Average hourly earnings in September fell to 84.3 cents: per hour, compared with 86.1 cents in August, largely because reduced op- erations eliminated much of the over- time work for which most of the com~ panies pay time-and-a-half, the in- stitute said. The number of workers employed in September topped the 527,000 work- ing in the like 1936 month by 14 per cent. PRICE OF LEAD IS CUT . $5 A TON SECOND TIME Ex the Associated Press. NEW YORK, Nov. 4—The seeond reduction of $5 a ton in the price of lead in two days was announced today by leading producers. The new price is 5 to 5.05 cents a pound in New York and 4.85, St. Louis basis. Companies announcing the cut in- cluded American Smelting & Refining Co., and St. Joseph Lead Co. Lead has been as high as 7.75 cents a pound this year, the peak being reached in March, when non-ferrous” metal prices staged a boom. NEW YORK SUGAR. NEW YORK, Nov.4 (. —Raw susar was quiet early today. 2% 20% + % | g0t 56% Coca-Cola A (3) ... 814 Colgate-P-P (.60).. 95% Colg-Palm pf (6) ... 20% Collins & Aik (5g) - 11% Colo Fuel & Ir (1§) 5% Colo & South 59 25% 104% 62% 517% 2% 32 31% 20% 108 15% 1% Int Mer Mari: 18% 6 Intl Mining (.45g)-. 73% 89% Intl Nickel (28)._—— 19% 7% Intl Paper & Power. 6815 364 Intl Paper&Pwr pf.. * b4 10 2% lnflgygflt Am = zfi' 18 Col Brdests A 1.05g. 57% 85 Int nt Am pf. 2408 17% Col Brdcsts B 1.05g. 110 65 Intl Silver pf (3k).. 4% Colum G & El .45g - % 8 6% Intl Tel & T for ct.. 68% Col G & El pf A (6). 3 80 15% 4 Intl Tel & Tel 75 Col G & El pf (5)-. 36% 9% Interstate DS 2.7 10 Col Piet vto (1a) 87% bm Jewel Tea (4) . 27 Columb Picpf2% .. 156 JohngManv (3a) ... b s 17 1 166 20 The Chesapeake & Potomac Tele- e Co. of Baltimore City had a net gain of 1,705 station~ during Oc- tober, compared with & met gain of 2,332 in October, 1936, and a net gain of 1,119 in October, 1935. For the first 10 months of 1937, the eompany had a net gain of 16,064 stations, compared with a net gain of 15,483 in the like 1936 period and a gain of 6,474 in like period of 1935. ) - 5% Press Stl Car .268-- 20 PressSt1C2pf2%. 438% Procter & Gam (2a) 118% 114% Procter & G pf (5).. 52% 30% PubSveNJ (2.60). 112% 91 PubS8 N J $5 pf (5). 128% 108% Pub Sve N J pf (6).. T2% 26% Pullman (1%) .. 9% 2% Zonite Prod ... 3% Approximate Sales of Stoclu on thu N. Y. Stock Exchcng«. o Tull-duty . o 4 e "mze'ymérn ‘:ie::e?mufilgon"um& reorgantzed under :ould not be reallocated to .n'nm Tulle kruptey act Ul ympanies. dis- Rates of dlvk:tnflfl':l hll thl lo!.o‘lll table .mmng:um to Ty ks ) 5 9 941 96 erwise md DT or Cxttadividends ro hor of this was lost toward mi 112% 107% Pure Ol pf (8) .. 3608 1118 1118 1113 + 4 | PU$%, 8 Also extra or extras. e P 24 BUPurltyBak (ADEI. 9 O 8% 9 + i |last ear Travbie o £ beclindd G Dald g ¢ 12K 4% RAI0COMDa——— 336 TH T T — 3 JAhg BOMD OF stock. "k Aboum ane 5k Futi 1 117% 117'6 117% may [ 26 34 35 + % 3 97 97 97 - -1 1 108% 108% 108% —1% 71 16% —1 B —w h 101 39% e ! 46% 1n