Evening Star Newspaper, September 10, 1929, Page 10

RIGGS STOCK SELLS| AT 5610 PER SHARE - New High Follows Regular and Extra Dividend Ac- tion by Board. BV EDWARD C. STONE. Riggs National Bank stock reached another new all-time high mark on the Washington Stock Exchange today Mwhen it changed- hands at $610 per share. It had closed yesterday at 597%2 and it was then predicted that it was about to sell at $600 or higher., To- day's new top was reached on a sale of only two shares. ‘The market closed today with 610 bid and 625 asked for the stock. At a_ regular meeting Riggs Na- tional Bank di rectors late yes- terday afternoon an extra div- idend of 22 per cent was declared i addition to the regular semi-annual disbursement of 7!» per cent. Both dividends are payable on October 15 to shareholders of record on September 30. Following_the directors’ meeting the President, Robert E. Fleming, stated that the continued growth of the bank had resulted in earning of such a sat- isfactory character as to justify the declaration_of the extra dividend at this time. He also mentioned a gratify- ing increase in deposits.. Throughcut the long period of tight money the bank has been most careful to take care of the commerciai needs of local patrons. Today's Trading on Exchange. Other transactions on the local stock exchange today included the sale cf 30 shares of Mergenthaler Linotype at 104, ex dividend, and 10 at 104%. In very light trading, Capital Traction sold at 933;, Potomac Electric Power 5'2 per cent preferred at 106% and Washington Railway & Electric pre- ferred at 9715. Chevy Chase Dairy preferred scld at 107, Title & Insurance Co. of Maryland common at 33, Peoples Drug Stores pre- ferred, ex dividend, at 117, Eighty shares of Real Estatc Mortgage & Guaranty preferred moved at 7. 200 shares of National Mortgage & Investment pre- ferred registered 4!;. Sand & Gravel sold at 88 and Merchants Transfer & Storage preferred at 107. Bonds were neglected, Gas 6s. series B. and Washington Railway & Electric 45 recording sales at recent levels. Local Banker Going Abroad. George E. Fleming, vice president and one of the directors of the Union Trust Co., leaves here tomorrow for a two-month tour abroad. Mr. Fleming plans to spend most of Mis time in Northern France, England and Scotland, and probably will make a short visit to Ireland. Mr. Fleming is one of the best known bankers in Washington, and has been with the Union Trust Co. for many years in his present position. He is a former president of the District Bank- ers’ Association, being one of those to receive the gold insignia of the office which was presented to the ex-presi- dents at a special luncheon meeting at the Willard last Spring. Dry Goods-Prospects Improve. September opened with an accentua- tion of the favorable prospects in the dry goods trade. Except for a strike in the garment industry, says Dun’s Re- view, after-holiday developments were of a constructive character, and the labor trouble referred to is not expected’| 10 be of prolonged duration. One of the reassuring phases is the fact that pro- duction’is not being rushed to anticipate demands from consumers, and this is an influence in the promotion of more stable prices. Markets for textile raw materials are either firm or have risen and quotations on some fabrics also are | higher, but there is an absence of the unsettlement that has prevailed on cer- tain other occasions. Many buyers visited the principal centers of distribu- tion this week, with a view to providing for forward needs, and retail activity in | Summer merchandise was again aided by a recurrence of hot weather over a wide area. The season for such goods has continued longer this year than usual, strengthening the status of mer- chants and adding to their confidence. A. L. B. Governors to Meet. ‘The board of governors of Wash- ington Chapter, American Institute of Banking, will be entertained on Satur- day by Past President James A. Soper 2% Galesville, Md. This will be the regular monthly megting of the board as well and there will be present aiso the chairmen of the several chapter committees and final plans for the opening of the Fall semester of the educational courses will be discussed. It is expected that definite arrange- ments wiil be made at the meeting Sat- urday covering the annual open meet- ing of the chapter, which will be held at the Willard Hotel on September 13, at which certificates will be presented to those who completed courses last vear. At this meeting also there will be presented the annual prizes awarded by the chapter. Dividend Checks Mailed. The Security Finance Corp. has Just completed its fourth year in busi- ness and has mailed checks to stock- holders covering the eighth con: tive semi-annual dividend upon its/ pre- ferred stock at the rate of 8 per ceny per annum. The directors are Claude W. Owen, president; M. O. Chance, vice presi- dent; James B. Evans, vice president; Gen. John L. Chamberlain, treasurer: ‘Willlam Conradis. secretary; A. H. Bre- wood, Edwin E. Ellett, William C. Han- son, Edgra Morris and Frederick W. Quinter. Heard in Financial District. TLouis Rothschild, director of the ‘Washington Better Business Bureau, is on his way to Los Angeles.to address the national convention of the organiza- tion to be held there. ‘William Spaid, son of W. W. Spaid, partner in W. B. Hibbs & Co., left ‘Washington yesterday for Los Angeles, ‘where he will enter the law school of the University of Southern California. Prices of commodities during the week ending September 7 advanced three-tenths of one per cent, according to the wholesale price index of the Natfonal Fertilizer Association. Mate- rial advances occurred infats and oils, beef. pork, cornmeal, wheat feeds, soft coal and cottonseed meal. Significant declines occurred in cattle, hogs, lambs and sheep. Advances occurred in 32 jtems and declines in 18. GERMAN BONDS AND STOCKS. Bid. Asked. 59.00 61.00 21.00 George E. Fleming. Ser Gov Red Loan with draw- = oSSt attdper INR M. er Gov Red Loan withoit Cdraving cis (Quoted in per LO0O R A 24.00 iars wer milllor sarksy Ger¥ien Elee 4135 pre-war Ger, Gen Elect 1",: 1939.....0 High. B57% 88% 750 104% 119 4 217 48% 1Y% 10% 118% 861y 85% 354% 330 11% 42% 23% 3% 1556 2014 60% 6% 62 348 1844% 106% 9814 173% 108% 813, 32% 304 205 205 175 194 27% 164 49Y 111% 140 89% 6874 298% 20 66% 141%, 123% 6174 136% 1% 1001 51t 55% 44 42% 50 127 39 76 12% 41 1927% 3% 84% 4 136% 617% 49'% 56% 120 32 279% 195 92 19% 25% 23% 63% 44% 68% . 16% Aviation Corp. Del Stock and Sales— tow " Dividend Rate. ~ Add 00. High Low. 881 Abitibl Power & Pap 79 Abitibl P& P pf(e). 389 Adams Express (5).. 27 Advance Rum! 39% Advance Rumley n?. 1% Ahumada Lead.. 95% Alr Reduction (3). Alr Wal El Ap(2% 4 Ajax Rubber. 4% Alaska Juneau. b!‘fi 84 42 38% 4% 8% 52% 116% 81% 241 166 5 224 Amerac 10% Am Agricul Chem 40% Am Agricui Ch pf 110 Am Bank Note (13) 13 Am Beet Sugar. 46 Am Beet Sugar pf. 40% Am Bosch Magneto., 45 Am Brake Shoe 2.40, 15% Am Brown Boy Elec. 107% Am Can (14). 92 AmCar&Fdy 823% Am European Sec. 75% Am & For Power. 104 Am & Mor Pw pf (7). 88 Am & For Pw 2d pf. 2414 Am Hawalian (1) 30% Am Hide & Lea pf 64 Am Home Prd (3.60) 38 AmlIce (t3)........ 52% Am Internat (32)... 102% Am Locomotive (8). 147% Am Mach & Fdy(15). 50 Am Metal (3). . 113% Am Metal pf (6). f1% Am Pow & Lt (11). 78 Am P&L of A st (5) Am Ra&Std San 1% Am Republics. 1 Am Sm & Ref of (7). 43% Am Snuff (n).. 56 Am Steel Fdy (3) 65 Am Stores (2). 71 Am Sugar Rfg (). 35% Am Sumatra 13). 17 " AmTel&Ca (5)..... 193% Am Tel & Tel (8).. 160 Am Tobacco (8).,. 160% Am Tobacco B (3)... 136'a Am Type Fdry (8)... 67% Am Water Wks (c1). 113 15 Am Woolen. 9, Am Writ Pa 22% Am Zine LA&Sm. 90's Am Zine pf.... 99 Anaconda Copr (7) 62% Anaconda W&C (3).. 43 Anchor Cap (2.40)4.. 44% Andes Copper (3) 29 Archer-Dan-M (2). 847 Armour Del pf (7). 10'% Armour Il (A). 5% Armour Il (B). 70% Armour 111 pf (1) 19 Arnold Constable 193% Artloom (2).. 26% Art Metal (1%) .. 48'3 Asso Appl Ind (4). 43 Asso Dry G (2%) 195% Atch T & S Fe (10). Atch T&SF pt (5) Atl Coast Line (1 49% 277% 1021 19318 193% 634 63% 63% 6474 1347, 137% 5 485 & 10 20% 15% 90 Atlas Powder (4) 221 Auburn Auto (34) 5% Austin Nichols. 22'4 Autosales.. 61 115% Baldwin Loco (new). Balto & Ohlo (6). Balto & Ohio pf (4).. 4 Balto & Ohio f p (6). 6413 Bang & Aroos (3%) 331 Barnsdall (12%). 87 Bayuk Cigar (2). 20 BeaconOfl....... 931 Beatrice Cream (4).. 73 Beech-Nut Pack (3).. 81 Bels N Ry pt bf (16) 78 Bendix Aviation (2). 14 75% Best & Co (3).. 8214 Bethlehem Steel (6). 116% Bethlehem St pf (7). 421 Bloomingdale Bros. . 110% Bohn Alum&Br(t4) 6 Booth Fisherles. 83 BordenCo (3) 4 Borg Warner Boston & Maine British Empire Sl!d Brockway M T (3). £7'9 Bklyn-Manhat (4) 38% Brown Shoe (2%)... Bruns-Balk-Col(3). Bruns Ter & Ry S... % Bucyrus Erfe (1). 38% Bucyruscvpt (2%). , 94 Burns Bros A (8)... 22% Burns Bros B. . 621 Burr Add Mach(80c) 54’ Bush Term (g2)..... 3% Butte Copper & Zinc. 614 Butte & Superior (2) 28 Butterick Co 120% Byers (A M) 31% By-Prod Coke ( 72% Calif Packing (4)... 113 Callahan Zinc & L... 379 123 Calumet & Ariz (10). 36% Calumet & Hecla(4). 43 Campbell Wyant (2). Canada Dry G A (5). Canadian Pac (10).. Cannon Mills (2.80 Case (J 1) ctfs (6) Celotex (3). Cent Aguirre 40% Cent Alloy Steel (2). 88% Cerro de Pasco (6).. 16% Certain-teed Prod. .. Ches & Ohio (10).... 79 Chesapeake Corp (3) 4% Chi & Alton. 6% Chi& Alton pf . 12% ChlGreat Western. 38 Chi Great Westn pf. 27% Chi Mil St P&Pac. .. 46% Chi M1l St P&Pac pf. 143% 115 102% 98% Chi R1& Pacpf U’Ifi% 105% Chi R1& Pac of (1): 72% 96% 109 90% slu 62% 50% 212% 69% 504 93 3o% 92% 96% 25% 30% 4.1 25% 121% 116% 118 304 87 101% 108 Chickasha COfl (3). P | City Ice & F (3.60).. 18% City Stores (1). 42% Cluett Peabody (5). Collins & Aik pf ('I).‘ Colo Fuel & Iron.... 53% Columb G & B (2)...105: 103% Colum G&E pf A(€). 86 Colum G&E pf B(5). 55% Columb Graph(87c).1037 g Col Graph ctfs(87¢). 11 % Columb Carbon t4%. 16 43 Com Credit i2). 50 Comm Credit A ( 3 131% Coml Inv Trust Itl) 237 27% Com Inv Trst war. 37 225% Com Solvents (h3)... 59% Conde Nast Pub (2).. 19% Congoleum-Nairn.. 67 Cong Cigars (15%) 24% Consol Film pf (2).. 34 95% Consol Gas (3)...... 40. 96% Consol Gas pf (5)... 50 Consol RR Cub pf(6) 2% Consol Textlle, 88% Contl Baking pf 56 Contl Bank NY 1. 60 Contl Can (2%) Contl [nsu Contl Motors (80c) 2 96% 39 60% 68 85 53 10314 25 15% 36 331 73 114% 60 521 15-100% 9 13 1 21% 20 115 2 112% 9 6% 13 83 Crossley Radio (31). 42% Crown Cork & Seal. . 18% Crown Zellerbach (1) 85 Crucible Stee) (5)..., 109 Crucible Steel pf (7) Cudahy Putlu ). 113% Curtis Publish pf(7) 25 Curtlss Wright Corp 843 Curt Wright Corp A. 58l Cutler-Ham (334), 63 Cuyamel Frult...... Prev. 1o8e. Close. B53% B84% 40 1% | /. 200% 20846} 385 38% A% 8 54% ~Prev. High. 69% 46% 28 28%| 226 168% 77% 1% B4l 126% 92 231 119% 100% 1920 Low. 42% Davison Chem. aau. « Debenham Delawsre & Hud (9) Del Lack & W (17).., Denv&RG W pf, Dome Mines (1) Dominion Strs(1 Drug Corpn (4). Dunhill Inter ($4) Stock and Bales— Dividend Rate. Add 00, High. Low. —_—D 2 Du Pont de Nnun. 142 221 T3 ont 4 N deb Duquesns 1st Dl (B). Eastman Kodak(t8) Eaton Axle &8 (3 Elec Auto Lite (§. ElIPwr&Lt(1). ElPwr&Ltof (7)., Eleo Stor Bat (5). Emmerson-Brnt A Eng Pub Serv (11).. Eng Pub Sve ot (5., ‘Enullnhlt Bldg(2%). ErleRR...... Frlo R R 1st pf 4‘).. ja Vac C1.(4).., 12 Auto L($2%). 2 40% Fairbanks Morse (3) 14 58 .Fash Pk Assok2%). 4 68'4 Fed Lt & Tre ($1%). 13% Fed Motor Tr (80c).. 90% Fid Phen F Ins (2).. 62 First Nat Stores 1%. 6% Fisk Rubber. . . 65% Fleischmann fl” 874 Fleischmann ctfs t4 46 Florsheim Shoe A 67% Follansbee (12%)... 64'% Foster Wheeler (1). 40'% Foundation Co. . 80% Fox Film A (4). 370 Preeport-Texas 99 Fuller pr pf (8.68) 10% (‘lrdnlr Motor... 81 Gen Am Tnk Car(14) 61 Gen Asphalt. . 55% Gen Bronze (2). Gen Cable A (4) Gen Cigar (4). 219 Gen Electric (16 11 Gen Elec spec (60c). 623 Gen'l Food Corpn (3) 70 Gen Gas&FEl A (el1%) 67% Gen Mill= (13% 91 Gen Mills of (6) 661 Gen Motors (13.3 63 5 10713 Gen Motors deb (6). 122's Gen Motors pf (7)... 27% Gen Outd Ad vte (2). 57 Gen Public Serv(b§) 93% Gen Ry Signal (5) 68 Gen Refrac (t4).... Gillette Safety R (5) 9% Gimbel Brothers. ... 36% Glidden Co (m2).... 28% Gobel (Adolf). . 53% Gold Dust (2%) 714 Goodrich B F (4 103 Goodvear Tire (5) 101 Goodyear 1st pf (7 337 Gotham Silk H (2% 7 Gould Coupler 22 62' Granby Consol (7).. 77% Grand Story 2014 Grand Unfon. . 41 Grand Unién pf (4). 43% Granite City Stl (3) 114%3 Grant W.T (1).. 101 Grt North pf (5) 100 Grt North pfet (5).. 25' Grt Nor Ore (a1%).. 324 Grt West Sug (2.80). 4 136's Greene Can Cop (f)a 15314 9% 32 St 55% Griszhy Grunow Co.. 32% Gulf Mo & North.... 65% Gulf Sta Steel (4 31 FHahn Dept Store: 23% Hartman A (2) 20% Hartman B (120)... 28 Hayes Body b8 % stk 64 Hershey Chocolate. . R0 Hershey Choc pf (4). 104 Hershey Ch pr pf(6). 15 Hoe (R) &Co..... 34% Holland Furn (e274). 3712 Houd Hersh B (134). 45 Househd Fin of (3).. 62 Household Prd (t4). 68's Houston Ofl.... 3 3413 (Hudson & Man (234). 20 75 Hudson Motor (5) 38% Hupp Motor (f2).... T 1324%.T1linols Central (7).. 29% Independ Oil & G (2) 13 Indian Motor Cycl 29 Indian Refining. 28 78'5 Inland Steel (3%)... 88 Inspiration (4) 19% Interboro Rap T: 81a Intercontinental Rub 6! Intl Agricultural. ... 67% Intl Cement (4). 54's Intl Comb Eng (2 92 Intl Harvester (2%4). 137 Intl Harvpf (7)..... 47% Int Hydro El A (e2), 65'% Intl Match pf (3.20). 2613 Int Mer Marine etf; 401 Int Nickel of Can(1) 25 IntlPap & P A(2.40). 14% Intl Pap & Pwr B 10% Intl Pap & Pwr C. 80 Intl Pap & Pwr pt(7) 437 Intl Print Ink (2%).. 78 IntTel & Teleg (2).. 55% Inter Dept St (2) 64 Investors Efuity 49% Island Creek Coal(4)’ 69 Jewel Tea (3). 152'4 Johns-Manville (3). 5% Jordan Motor Car. 6 420 6 Kan City Sou (5) Kayser Julius (4). 9% Kelly-Spring Tire 40% Kelsey Hayes (2. 12 Kelvinator Corp. 77% Kennecott (5). 45% Kimberly Clrk(2%) 2714 Kinney G R (1). 254 Kolster Radlo. 32% Kraft PhCh (l%) 44% KresgeS S (1.60) 12% Kresge Dept Stores.. 3315 Kreuger & Tol(1.34). 133 5% Kroger Gr&Bak(c1). 186 127% Lambert Co (3). 81% Liggeita My B (15): 42% Lima Locomotivi 48% Link Belt (2.60). 71% Liq Carbonie (t4%). 48% Loew'sIno (2)...... 884 Loew'spfxw (6%). 745 LoftInc..... 24 Long Beil Lumb A Loose-Wiles (2.60).. an 20 Lorillard (P) Co 10% Loulsiana Oil. ., 49% 45% 53% 60 b52% 35% 52% 4 120%4120%% 4 130% . 1 35% LouG & EIA (l“).. 093 91 138% Louis & Nash ('I)- 66% Ludlum Steel (2. 34 Mac A & Forb(12.35) 1% McCall Corp (4). 97% McCrory B (2). 14% McIntype Pore H(l) 621 lcKeesport T P (4). McKesson & Rob (2) McKes & Rbpf(3%). 69% Marlin-Rockw ('l). . 66% Marmon Motor (4).. T% Martin-Par) 421 Mathieson ) 7314 May Dept nu u) Maytag Co (t2)..... Melville Shoe (1.40) . Miami Copoer (4)... 30 Michigan St} 2%)c. 15 Mid-Continent P ¢|S~ % l!w Missouri Pacifi 120 Iltuollfl Pac pt (5). 0 141 18 11 93% 54% 93 84 R4 131% a5u 607% 2% 254 601 a1s 63 92 - 92 139% 139% close s, 53 35% 218 165% 69 340 10% 39% 115% 48'% 224 118% 98% 207 Stock and Dividend Rate. 60% Mohawk Carpet 12% ‘Mont Ward (2%)... 8. ~Prev, 1920~ High. Low - 80% 156% 8 80% 6% 60% 31% 142 - B5% 81% 100% 49 Motor Meter G & E Motor Products (17) Motor Wheel (4) Mullins Mfg. Murray Corp. Myer(FE)& Bro l]lv .. Nash Motors (§ Nat Acme (1%)..... Natl Afr Tran . Nagl Bella Hess(11). Natl Biscult (16%). . Natl Cash Reg A (14) Natl Dairy(c1%).... Natl Distiller: NatlEnameling a1 Sanswnm 8 Newport Newton Steel (3) N Y Alr Brake (3). N Y Central (8). NYChi&StL(6). N Y Chi & St L pf(8) N Y Dock pf (5)..... % NY NH & Hart (5 NYNH&Hpt (1 N Y Ont & West. Norfolk&Wstn($10). North Am(b10 % stk) North Am pf (3) . i Wai: [O%-JOTEH # Nor Ger Lloyd (T Northern Pae (5) North Pac et (5).. Norwalk Tire & Rb. . O11 Well Supply..... Oliver Farm Equip. Olivr Fr Eq pf A(6). Olivr Fr Ep cv pt(3). Omnibus Corp.... Otis Elevator (§) Otis Steel. ... 4 Otis Steel pr pt (7).. -P- Pacific Gas & E (2).. Pacific Lighting (3). Pacific Oil stubs. .... Packard Motor (16). 71 Packard Mot (mew). 1128 Pan-Am Retroleum. . m Pan-Am Pete B.. 61 Paramount-F-L (3).. lfifl Park Utah (80c Paths Exchang. i Pathe Exchange A ‘ Patino Mines (3.89).. Peerless Motor Car.. Penick & Ford. 4 Penn Coal & Coke Penn Dixie Cm pf(7) Pennsylvania RR(4) Pet Milk (1%). 4 Phila & Read C& I Philip Morris (1) Phillips-Jones (3). Phillips Pete (1%4). . Phoenix Hoslery. Pierce-Arrow A. Plerce Arrow pf (). Plerce Oll pf. . Plerce Petroleum. Pillsbury F1 l"\fil.. Pirelli Co A (2 Pittsburgh Coal. Pittsbgh Screw 1.40. 4 Pitts& W Va (6) Poor & Co (2) P Rican Am To (A Postal Tel & Cnf (7). Prairie0 & G (2%4).. Trairfe Pipe L t4%.. Pressed Steel Car. .. Pressed St1 C pf (7). Proctor&Gamble(2). Pub Sve NJ (2.60). Pub Sve NJ pf (5). Pub Sve NJ pf (6). Pub Sve NJ pf (7)... Pub Sve E&G pf(6).. Pullman Corp (4).... Punta Alezre Sugar. Pure Ofl (1%).....0 4 Purity Bakeries (4). Radio Corp. . Radio pt B (5). Radio-Keith-Orph A. 152 Railway & Exp (2) 1 4 Reading (4)..... Reading 2d pf (2). Real Silk (5) Reis (R) & Co. 5 Reis (R)&Co 18t(7) Remington-Rand Reo Motors (11.60).. Rep Brass Corp. Rep Ir & St pt (1) Reynolds Spring. Reynolds Tb B(2. Richfield 01l (2)..... Rio Grande Oll (k2). Ritter Dental (234).. Rosaia Ins (220).... Royal Bak Pwdr(1).. Roy Bak Pow ctfs(1) Royal Dutch (a3.20). Safeway Stores (3).. 199 St Joseph Lead (13 St an Fran (8) San Fran pf St L Southwestern. . St L Southwn pf (5). Savage Arms (2).... Schulte Retail Strs.. Scott Paper (31.40).. Seaboard Air Line... 4 Seaboard Alr Line pf Seagrave (e1.20).... Sears Roebck (32%4). Seneca Copper....... Servel Inec... Sharon Steel H (2).. Sharp & Do pf (3% ). Shdttuck (FG) (1).. Shell Union (1.40) Simmons Co (3). Simms Pet (1.60) SinclairOfl (12%). Skelly Ofl (2). . Sloss Sheffield steel.. Snider Packing. . Solvay Am In pf l% . So Porto R Sug 12%. Southern Cal Ed (2). Southern Dairies B.. Southern Pacific (6). 45 Sales— Add 00. High., Low. 2 64 550 131% 883 8514 35% 20 35 14 8. 151% Prov | — 1920 Close. | High. Low. 684 132 | a9 o3 10w 104 34 Close. 64 127 2 70 Splegel- 44 64 48 1% Submarine Boat 17% Superior Oil (new. Superior Steel, 34 Stock and Dividend Rate. 162! 138 Southern Rwy (8) Southern Ry pf(5).. Sou Ry M&Oct (4). 35% Spencer Kelg( 45 Spicer Mg 4 Spicer Mfg t (. 384 Standard Brands. 80% Stand Gas & El (1) 622 200% 62% Stand G& Epf (4)... 9 'y Stand Inv Corp. ... .. 200 181'4 A02% Stand Milling (6)... Stand O11 Calif (13). Stand OII N J (12).. 1713 37% Stand Ofl N Y (1. 25% Sterling Sec (A). . 13% Sterling See pf 11.20. c,m Stewart Warn(i3 ). Prev. 167% 169% 168% 95% 95% 96 11 120 43 .43 44 - 66% 68'5 40 40% 56% 59% rin 80 414 2% 192% 193% 644 64% AT 4T% 108 108 5% 1% 2% 14 Ma; 647% 85 0). 9!0 6813 186 5 12% Symington A. —dT- 18% Telautograph (1)... 20'- f16 TennCop &Ch (1).. $7% Texas Corp (3). 71’4 199, 69% Tex Gulf Sul (4) 15% Texas P C & Ofl (b5). 13% Texas Pac Land Tr.. 161 Thatcher Mfg. . 34% The Fair (2.40), 90 Tide Water Oil pf(5) 22% Timkn Det Axle t80c 731 Timken Roller (3)... 12% Tobacco Prod 1.40.. 12'% Tob Prod ctfs 1.40 15'% Tobacco Pr A (1.40). 15% Tob Prod ctfs A 1.40. 9 Transcontinental.... Transue & W (1). 4 200 38% Trico Prod (24). 19% Truax Traer (1.60). Twin City Rp T (4).. 39 a1 209 Underw-El-Fish (4) Unlon Bag & Paper. . 75% Union Carbide(2.60) 45% Union Ofl Calif (2).. Union Pacifie (10)... 80% Unlon Pacific pf (4). 20 U- 31 158 6 324 . 360 140 525 284 155 1217 Union Tank Car(5) 78% Utd Alrcraft&Tran: 681 Utd Alréraft&T pf 3. 41 78 45 20 Utd Biscult (1.60)... United Carbon. 13' Utd Cigar Storea(1). 58% Utd Corporation. Utd Corp pf (3)... Utd Electrie Coal(3) J1136 6 66 109% Utd Fruit (c4) 46% Utd Gas & Imp 12% U S Distributing. 1% U S Distrib pf (1) 2 US Dxpress. 58 U'S & Forelgn Secur. 8914 U S & For Sec pf(6). 101% U S Freight (3)..... 29% U S Hoffman (4). U S Ind Alco (6)... 17% U S Leather.. 2%, US Leather A (4)... 26'3 U S Pipe & Fdry (2). 81 42 48 163 U 8 Realty (5). U S Rubber. 69% U S Rubber U 'S Smelt Ref (3% U S Steel (7). 139% U S Steel pf (7) dees niv Pipe & Rad. .. 58% 35 13% 116% 68 4la 27 517 243 65% :h,, 36% Virgin! 818 | 108 21 5% 461, 21% 87 64'3 59% 427 200 34% 48 60 79 71 44 139 15%8 W W | 2381 179% 67% 43% | 292% 137% | "5t 22 49% Util Pwr & Lt A (e2) I8 6% Vadsco Sales. Vanadium (14). Van Raalte. 45'% Vick Chemica)(274), 9% Virginia-Car @ [y 88 Wabash pf A (5). Wabash pf B.. 2214 Waldorf Systm (1%) 231 Walworth (1.20). 8% Ward Baking B Ward Baking pf (7). 541 Warners Bros P t3% Warn Br P pf(2.20) 28Y% Warner-Quinlan (2). Warren Bros (15)... ren Fdry & Pipe Wess Oll & Snow(2). O & Sn pf (4) n Dairy (B)s. Western Maryland. Western Pacific Western Pacif pf Western Union (8) Westngh Air Brk(2). Westngh E1&M (4) Weston El Instru Westvaco Chlor (2). % White Eagle Oil (2 White Motor (1). White Rock M S ( White Sewing Mach. White Sw Mch pf(4) Wilcox Oil & Gas Wilcox Rich(A)2%.. Wilcox Rich B (¢2). Willys-Over (c1.20). 446 6114 Q2220 601 2601 70 334 441, 5% Wilson&Co A. 1 Wilson & Co pf. \Woolworth (2.40) Worthington Pump.. Worth Pump B (6).. 1 Wright Aero (2).... Wrigley Wm (). 75 | 14973 109 80% 70 88 51% 59% 175 61% 34% 53 13% 2% Di cash payments iaratior Young Sp&W (12%). Young Sheet & T (5) Zenith Radio (2). sed 76 45 121 89 2 1331 130 4% %) 59 140 141 gt 5 Fastman Kodak. Glidden Co. . Lorillard(P) rights. Mathieson Alk (rts). Murray Corp. . Nat Dairy ‘Warnr Bros Pic(rts) 292 o Sales of Stocks on New York Exch:n‘e. .Sept 11 .Oct 1 ..Sept 23 121 415 2% me annual | on the Iatest quarterly or half yearly dec- sUnIt DF trading less than 100 shares. tPartly extra fPlus In preferred stock. fPlus 1.35 13 stock. it b Payable in stock. c Plus 5% € Payable n cash ‘or stock. stock. b Plus in st Plus 3% in stock. Wall Street Briefs By the Associated Press. August sales of 34 of the country's leading ehain store systems,. including mail order, 5 and 10 cent, clothing, lunch, grocery, bakery, shoe and elec- tric supply companies, totaled $188,- 697,082, compared with $142,591,798 (or August, 1928, an increase of 3233 pe cent. Sales for the eight months ll- gregated $1,401,374,881, as against $1,- 093,914,070 in the mrrupondl.n' period last year, 'W. B. Storey, president of the Atchi- son, Topeka & Santa Fe Rallroad, uld today that he thought the second half of the yelr will be as satisfactory for his col ny as, or better than, the sec- ond hll of last yur Gale B.'Nll"-!. a dh‘ecl?.r v(h:l;e ulf Co. vani QP eSO P a sul succeeding George S. Davison, who has resigned that polltloB. effective October 1. Through a con#sion of names, the Associated Bress last week reported that the Art Metal cunn.ruclan Co. of Jamestown, N. Y., M‘ cap- ital stock on a $3 lnnull vidend basis, whereas the story should have vead that the increased dividend rate waz made on the capital stock of the Art Metal Works, Inc., of Newark, N. J. The Associated Press takes this common stock purchase privilege, of the Starrett Corporation will be placed on the market tomorrow. It will. be of- fered at $51 a share and accrucd divi- dend. The first public offering of securitiss in the Cream of Wheat Corporation will take the form of voting trust certificates for 138,000 shares of no par value com- mon stock at $42.50 a share. The com- pany's net for 1928 was equal to $2.33 a share. The present offering does not represent new financing. Stock in the t‘:ompany has been closely held hereto- fore. s R PACKARD OLD STOCK. NEW YORK, September 10 (#).— Packard Motor Car Co. old $10 pa; stock will be stricken from the list of the New York Stock Exchange Sep- tember 20, after which time trading will be confined to the new no par stock, created by the 5-for-1 split-up last June, m new stock has already been admitted to trading. AMERICAN STORES SALES. NEW YORK, Se'pumb!'r 10 (#).—The American Stores Co. reported today that its gross sales for the four weeks ending August 31 amounted to $10,337,- 809, ccmpared with $9,722,084 for the four weeks ending September 1, 1928. FOREIGN l;.ZCHANGE. furnighed by W. B, Hibbs & Co.) 1Dyt fomin; :olrl::fl)k“"ll Checkr V. S. STEEL TONNAGE. \ NEW YORK, September 10 (#).—The United States Steel Corporation today reporied that its unfilled tonnage de- clined . 429,966 tons during August to a total of 3,658,211 tons as of August 31. This compares with 4,088,177 on July-31. The total at the end of Au- gust, however, compares with 3,624, 043 tons on August 31, 1928, an in- crease of 34,168 tons. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co) Ra Bid Off 9926-12 9028 52 SHORT-TERM SECURITIES (Reports . & W. Seligman & Co.) ported by J. sman ier v y. 75 1 1. ‘Bost. 4'2s 1930 ey Beces, e 65 1937 i Umud Drug Co. 55 194 Elec. "Wheeling Steel Corp. Wi 2| points were recorded by du Pont, 42'5{ 4.84 11-16. 171 44 [STUGKS IREGULAR” IN HEAVY SELLING Market’Subjected to Persist- ent Attack—Some Is- sues Show Gains. BY STANLEY W. PRENOSIL Associated Press Financial Editor. NEW YORK. September 10.— The stock market alternately blew hot and cold today as opposing speculative { forces struggled for control of the price movement, but the list generally was under pressure despite wild bullish ¥ | demonstrations in a few high priced Fxpecllulel. fears of a mid-month credit pinch and a renewal of Federal Reserve pressure to force a reduction in brokers’ borrowings had a chilling effect on bullish enthusiasm. ‘The drop of nearly 430.000 tons in unfilled orders of the Unites States Steel Corporation took wall street by surprise, as earlier estimates indicated a drop of less than 300,000 tons. Call money renewed at 8 per cent. advanced to 9 and then to 10 per cent late in the afternoon. The close was weak, 7 Advances and Declines. Some wide advances took place in a few issues which have what Wall Street now characterizes as “a scarcity value.” J. 1. Case ran up 25 points to 440, American Machine & Foundry ran up 182 to 239 and American Type Foun- dries 12 to 180, all new high records. Atlas Powder advanced 5 points to a new peak at 1397. but Dupont broke 9 points. R.(‘public Steel, which is expected to show increased earnings through its new welding process, was !run up mare than 6 points to a new peak at 13414 | P*Radio returned to the speculative spotlight, with an early gain of 4 points. Standard Brands, Packard (old stock: {and Johns Manville, which led yester. day's late rally, all sold off sharplv. | General Electric dropped 9'¢ points, Air Reduction 8, American Water Works 713, Commercial Investment Trust 6, Westinghouse Electric 5%, United Air- N'q‘rrlu 5'; and Eastman Kodak 5. Ateh { son. Norfolk & Western, Tllinois Cenial. American Telephone, American Can and National Biscuit all sold down 3 or more points below yesterday’s final quota- tions. | Pressure at Opening. | Renewal of selling pressure imparted i a reactionary tone to opening prices. | A few stocks continued to move against 5 points, International Harvester 15 | art "Coowe. Wiles Blscuit 1. Pennsyl- " | vania Railroad and Commercial In- vestment Trust each dropped 2 points land Montgomery Ward, Westinghouse | Electric and Missouri - Kansas - Texas 74+ | vielded a point or so. Prices were extremely confused in the early trading. Several of the large commission houses called attention to 84% | the possibility of a further corrective { reaction, which might be accentuated | by a midmonth credit pinch, and this probably accounted for much of the rly selling. On the other hand. a | few pools continued to mark up their favorites in the hope of attracting a { public following. ,., Adams Express, which did not sell sterday. jumped 151, points above {last week's final quotation. National |Lead was up 4!, points, while Greene Cananea Copper dropped 3'2. Bethle- ¥ hem Steel. which was heavy yesterday on unconfirmed rumors of new stock { financing, rallied 2 points, but met 2! | large offerings on the rise. There was a fairly good demand for the rails at the outset. Lackawanna ran up more ‘than 3 points to a new " | high, at 69!z, and Chesapeake & Ohio, | Baitimore & Ohio and Union Pacific {advanced a point or s0. * Reading was Early Declines. American Water Works dropped 7'3 | points and early declines of 21, to 3 Reis | first preferred. General Electric, Amer- ican Power & Light and National Cash | Register. At least a score others. in- ! cluding such recent favorites as Amer- ican Telephone, International Tele- phone, Johns Manville and _Simmons, | yielded a point 6r more. Foundation | Co. _sank to 8 new low level for the Forelgn _exchanges | with sterling_ cables unchanged London dispatches re- ported that more than half of the nearly 1,000,000 pounds of gold avail- ‘able in the London open market today . was taken for shipment to New York. { lnu;“”llll' opened steady. More than a third of a century's experience Appreciate the Freedom —from worfy with the details of property mam agement, especially apart- ‘ment houses, once youw employ our manageria? service. It pays many ways. B. F. SAUL CO. Nat’l 2100 925 15th St N.W. for itself In Uncondl tionally GUARANTEED , Sleep Soundly Tonight Thousands of Americans who are risking their ail in today’s uncertain 'm'l sleep tonight. xiety will never kup .-7' ke the purchasers of oWr 6% First Trust Notes, secured by owner- occupied Maryland homes. 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