Evening Star Newspaper, September 12, 1929, Page 14

14 ¥¥% RIGS GOES HIGHER; NOW 3620 A SHARE Lanston Monotype Market Leader in Volume of Trading Today. BY EDWARD C. STONE. Riggs National Bank stock scored an- cther modest gain on the Washington Stock Exchange today when it reached another new top pric: at $620 per ghare, The bank stock opened 22 points under yesterday’s sale, two 10 and 6-share lots chang- ing hands at 615. Trading in other securitizs on the Exchange went on until after call when another one share transaction was r{| ade 1!: Riggs, this time af the new high of 620. The market in the stock closed with 620 bid and 630 asked. The stock has becen the sensation of the local board for the past two weeks, the present advance of 40 points hav- ing started at 580 only a short time ago. The stock has acted much the same as several New York bank stocks which started investors in that city and caused so much talk about a “bank stock era.” The nearest local bank stock to the price of Riggs‘is United Savings Bank. “This bank issue is very inactive, but last sold at $600 per share. Lanston Monotype Active Today. Lanston Monotype led the iozal Stock ‘Exchange in volume of trading today, 100 shares changing hands in a single block at 130 and five more at the same figure. Potomac Electric Power 5% per cent preferred sold at 106%, Union Trust Co. shares sold at 328, Barber & Ross at 17 and Federal-American Co. common at 461 Sixty shares of National Mortgage & Investment preferred came out at 4i; and 30 shares of Real Estate Mortgage & Guaranty preferred at 73%. There was a good amount of bond trading to- day in Capital Traction, Potomac Elec- tric and Washington Gas issues. Quo- | tations were steady. Jones Heads Association. Edward H. Jones, president of the newly organized Chevy Chase Building & Loan Association, is a well known business man in the northwestern sec- tion of Washington as well as across the District line. Mr. Jones was formerly president of the Chevy Chase Savings Bank, is at present vice president of Edward H. Jones Co., Inc.. vice president of the Maryland Publishing Co., and president of the Rock Creek Parklands Corp. The new association has sent out cir- culars calling attention to the views of | various public men and private citi- | Zens on building and loan associations in general. The folder quotes Presi- dent Hoover as saying that these asso- ciations encourage thrift and ,have made their assets sound and worthy ©f confidence. “The best way to accumulate money is to resolutely save a fixed portion of your income, no matter how small the amount,” is a quotation accredited to Andrew Carnegle, while from John D. Rockefeller is the statement, “Real opportunity comes only to the man Wwith ready money.” Trust Company Raises Surplus. The directors of the Washington Loan & Trust Co., at & meeting late yester- day, ordered $100,000 transferred from undivided profits to surplus, This ac- tion raises the trust company's surplus to $2,300,000. The capital stock is $1,- 000,000. Chairman John Joy Edson presided at the meeting and President John B. Larner’s report showed that the year is proving highly satisfactory from a business standpoint. Anacostia Directors Meet. The regular 5 per cent quarterly dividend was declared by the directors of the Anacostia Bank at their meeting yesterday afternoon. It is payable Sep- tember 30 to stockholders of record on September 25. Maurice Otterback, the president, told the directors that the past nine months had been the best in the bank's history, adding that he believed the full I12-month showing would make a new record. Southern’s Outlook Bright. The matter of increasing the dividend on Southern Railway common stock to $10 annually, from $8, or declaring an extra payment later in the year, has not gone beyond the discussion stage, says the Wali Street Journal. People in close touch with the affairs of the road ascribe the recent run up of the stock to above 180 to belated recognition of the issue’s real value as well as to the possi- bility of an increase in the rate. They assert Southern has been a laggard in the rail market which followed the O'Fallon decision and was selling out of line for an $8 dividend payer. Southern will earn almost $14 on the Edward H. Jone . FINANCIAL. | - Prev. 1929~ Stock and Dividend Rate. & Sales— a 95% Air Reductn ( 4 Ajax Rubber. 41 Alaska Juneau. 118% 99% Alleg Corp pf (5%).. 118% 100% Alleg C pf rets(5%). 86l 80% Alleg Cpf (5% )xw.. Allls-Chalm Mf (7) 5 Amal Leather 45 Amal Leather pf. 42% 22% Amerad: orp (2). 23% 10% Am Agricul Chem 73% 40% Am Agrieui Ch pf. .. 155 110 Am Bank Note (13) 108% 104 Am & For Pw pf (7). 88 Am & For Pw 2d pt 24% Am Hawallan (1) 304 Am Hide & Lea pf. 64 Am Home Pra (3.60) 38 Amlce (13).... 5214 Am Internat (32) 41 Am La F & Foamit 102% Am Locomotive (8). 147% Am Mach & Fdy(15). 81% 50 Am Metal (3). 118% Am Metal pf ( 17% 3% Am Piano. 175% 814 Am Pow & 103 5 1 55% 40% Am Ra&Std San 1%. 304 Am Republics. . 7 20 31 304 205 205 181 94 27% 46 49% 1% 140 89% 1% 136 68% 4915 95 136% Am Type Fdry (8). 67% Am Water Wks (cl. 15 Am Woolen. 39 Am Writ Papr pf ( 22% Am Zinc Ld&Sm 90% Am Zinc pf... e 99 Anaconda Copr (7)..1353 62% Anaconda W&C (3). 43 Anchor Cap 12.40) 1021 Anchor Cap pf (6%). 44% Andes Copper (3)... 29 Archer-Dan-M (2) 847 Armour Del pt (7) 10% Armour Il1 (A). 5% Armour Ill (B). 19 Arnold Constabl 19% Artloom (2 4815 Asso Appl In, 43 Asso Dry G (2%). 298% 195% Atch T& S Fe (10).. 6112 45% AtIG& WL pf (4).. 77% b53% Atl Refining (12). 140 90 500 221 11% 35% 50 20 Auburn Auto (34) 5% Austin Nichols. 224 Autosales... 3914 Auto-Strop Raz (3). 15% Aviation Corp. Del. . 60 Baldwin Loco (new 15% Balto & Ohto (6). 75 Balto & Ohio pf (4).. 64% Bang & Aroos (3%).. 33 Barnsdall (12%).... 20 BeaconOll....... 93% Beatrice Cream (4). 73 Beech-Nut Pack (3) 9 Belding-Heminway.. 78 Bendix Aviation (2). 109% 75% Best&Co (3)........ 140% 824 Bethlehem Steel (6). 123% 116% Bethlehem St pf (7). 136% 110% Bohn Alum&Br(t4).. 8915 78% Bon AmiA (15). 11% 6 Booth Fisheries 100% 83% Borden Co (3).... 77% Borg Warner (4). 137 50 . 220 3 66% 142% 1 80% 88% 49% 327% 115 101 17% 104% 138% 115% Bristol Myers(t434). 73% 39% Brockway M T (3) 81% 571 Bklyn-Manhat (4) 92% 79 Bklyn-Manof (6)... 65 65 Bro'kl'n & Queens pf. 248% 170 Bklyn Union Gas (5) 51% 38% Brown Shoe (2%)... 55% 385% Bruns-Balk-Col(3).. 44% 17 BrunsTer &RyS... 42% 25% Bucyrus Erie (1). 50 38% Bucyrusecvpf (2%). 54% 43 Bullard Co (12). - 39 22% Burns Bros B. 76 62% Burr Add Macl 89% 54% Bush Term (g2) 9% 3% Butte Copper & Zine. 12% 6% Butte & Superior (2) 41 28 Butterick Co. 192% 120% Byers (A M) 37% 31% By-Prod Col 34% e 84% 724 Calif Packing (4)... 13 82% 4 113 CallahanZinc&L... 7 2% 136% 123 Calumet & Ariz (10). 15 129% 61% 36% Calumet & Hecla(4). 33 45% Canada Dry G A (5). 22 88% Canadian Pac (10)... 37 231 37 46% 82 451 2 16 Celotex (3). .. 85% Celotex pf (7). common_this year, against $12.53 for 1928. On $14 earnings, the stock is selling 11.4 times earnings at a price of 160. On its $8 dividend it yields 5 per cent. General business conditions in the South now are considered satisfactory. ‘The agricultural situation in the South- ern’s territory is slightly better than last year. Price for cotton at present is approximately the same as a year ago, and this year's crop will be larger. Gleaned in Financial District. John M. Riordon, vice president of the Bank of Commerce & Savings, re- turned a few days ago from Oak Bluffs, Mass, where he spent his vacation. 30 Cent Aguirre As1%. 40% Cent Alloy Steel (2). 305 59 7% Century Rib Mills... 1 7 88% Cerro de Pasco (6).. 16% Certain-teed Prod. .. Checker Cab Mfg Cor 279% 195 Ches & Ohio (10).... 92 79 Chesapeake Corp (3) 23% 120 32 143% 115 Chi R1& Pac (7). 108% 105% ChiR1& Pacpf (7). Chickasha C Oil (3)., % 200% 4 101 .THE "EVENING STAR, WASHINGTON, D. €., THUR 51% 545 122 28 41 1% ™ 50% 115 115% 81% 76% 130 4% 162% 51% 38 136% 30% 344 121% 135% Prev. Add 00. High Low Clase Clse 6l 51% 556 535 122 125% 28 121% 135% 48 62 69 81% 3918 288 1925, 4 193% 34 81% 2% 128 44% 8714 228% 44% 430 16% 62 89 32 179% 73 175 69% 101 54% 107% 33% 834 89%4 91% 126% 52 6414 66 82 120 105% 154% 60 14 54 102% 6% 82% 54% 63% 144% 128% 122% 39% 44 200% 6315 5 59 9 56% 28% 41% 24% 52% 50% 9% 109 821% 58% 934 82 153% Stock and Sales— Dividend Rate. ~ Aid 00. High. Low Close. C| 64 Del Lack & W ¢17) Denv& RG W pf. Detroit Edison (8 Dunhill Inter ($4)... Du Pont de N(14%) Eastman Kodak(18). Eaton Axle & S (3).. Elec Auto Lite ( Electric Boat. Kl Pwr & Lt (1) ElPwr&Ltot (7)., Elec Stor Bat (5). Emmerson-Brat A, Endicott-John (5) 4 Endicott-John pf 61% 165 3T 80% 37% 929 17% 5 67% 66% G 122% 3! 36% 284 53% 105% 7L 103 33% g 224 621 % 204 41 43% 114% 101 100 25% 32% 136% 55% 214 32% 55% 30 23% 20% 60 131 37% 45 62 6814 56% 34% 5% 38% 132% Eng Pub Serv ({1).. Eng Pub Sve uf(5%) Fairbanks Morse (3) Fash Pk Asso(k2%). Fash Pk Asso pf (7). Ifed Lt & Tre (31%). Fed Motor Tr (80c) Fisk Rubber. . Fleischmann (14)... Flelschmann ctfs t4. Florsheim Shoe A Follansbee (12% ) Foster Wheeler (1).. Fost Wheeler pf (7). Foundation Co. Fox Film A (4). Freeport-Texa Fuller pr pt (8.68) Gabriel Snub A. mewell Co (5). dner Motor. Gen Am Tnk Car(34) Gen Asphalt. . Gen Bronze (2). Gen Cab Gen Cable A (4) Gen Cable pf (7). Gen Cigar (4). Gen Electric ( Gen Elec spec (60c). Gen’l Food Corpn (3) Gen Gas&El A (el1%) Gen Mills (13%).... Motors (13.30). Gen Motors pf (7) Gen Outd Adv A (4). Outd Ad vtc (2). Gen Public Serv(bé) Gen Ry Signal (5) Gen Refrac (t4).... Gillette Safety R (5) Glidden Co (m2).... Gobel (Adolf)...... Gold Dust (2%) Gold Dust pf (6) Goodrich BF (4). Goodyear Tire (5) Gotham Siik H (2% Gould Couple Graham-Pal Grand Union. . Grand Union pf (4) Granite City Stl (3) Grant W T (1).. Grt North pt (5)..... Grt North pfct (5).. Grt NorOre (a1%).. Grt West Sug (2.80). Greene Can Cop (8). Grisgby Grunow Go. ‘Guantanamo Suga! Gulf Mo & North. Gulf Sta Steel (4) Hahn Dept Stores tm: A (2). Hawailan Pine (2)... Hayes Body b8% stk Helme (G W) (17)... Hercules Powdr (3). Hercules P pf (7)... Hershey Chocolate. . Hershey Choc pf (4). Hoe (R) & Co. .. Holland Furn (; Hollander & Son. Houd Hersh B (1%). Househd Fin pf (3).. Household Prd (t4). Houston Ofl......... Howe Sound (t434).. Hudson & Man (23). Hudson Motor (5)... Hupp Motor (£2).... et Illinots Central (7).. Independ O11 & G (2) Indian Motor Cycl Indian Refining. Interboro Rap Tran. Intl Agricultural. .. Intl Agri pr pf (7) Intl Business M (5). Intl Cement (4)..... Intl Comb Eng (2).. Int] Harvester (2%). Int Hydro El A (e2). Intl Match pf (3.20). Int Mer Marine etfs. Intl Print Ink (2% Intl Rys Cent Am... Inter Shoe Co....... Int Tel & Teleg (2).. Investors Equity(2). Island Creek Coal(4) Johne-Manvi Jordan Motor Car. Jewel Tea (3).... 3 Kan City Sou (5). Kan City Sou pf (4).. Kaufmann DS (13%). Kayser Julius (4)... Keith-Albee-O pf (7) Kelly-Spring Tire. Kelvinator Corp, Kennecott (5). Kinney G R (1, 1 215 217 16 203% 6 59 33 1652% 16 11% 152 80% 1L 10 2 2 3 48 1 46 208 6 62% 6 44 33 23 2 567 5 9 21 64 4 144 38 1 770 20 1 7 584 b5 8 654 5 61% 2 68% 245 219 2 6 41 103% 1 67% 4 27% 17 50 1 29 161 69 339 9% 39% 112% 48 ‘lose. 1% SDAY, SEPTEMBER 12, 1929 Stock and Sales— Dividend Rate. Mid-Continent P (2). 61 Middle States Ofl. 57 S Mohawk Carpet 12% Mont Ward (234)... Moon Motors. . Mother Lode (40¢). .. Motion Picture. Motor Meter G& E. . Motor Products (17). Motor Wheel (4).... Mullins M{g...c00eee Munsingwear (13%) Murray Corp (a3)... 631 46 38 51 26 14 Natl Biscult (163).. 13 Natl Cash Reg A (14) 201 Natl Dairy(cl3). 76 Natl Dept Stores. Natl Distillers. . NatlEnameling (2). Natl Lead (5).... Natl Pwr & Lt (1) Natl Radlator. . Natl Rys Mex 2d pf. Natl Surety (6)..... Natl Tea (1%)...... Nevada Copper (3).. Newport Co A (3) Newton Steel (3). N Y Air Brake (3) N Y Central (8)..... NYChi&StL(6)... 6 6 North Am Ed pf (6).. Nor Ger Lloyd(3.41). Northern Pac (5). North Pac ct (5) 011 Well Supply. Oliver Farm Equip.. Olivr Fr Eq pf A(6) Olivr Fr Ep cv pt(3) Omnibus Corp Oppenheim Col Otis Elevator (6) Otis Steel. PacificGas& B (2).. Pacific Lighting (3).. Pacific Oil stubs..... Packard Motor (15). Packard Mot ( Pan-Am Petr: Pan-Am Pe! Panhandle P& R.... imount-F-L (3). Utah. Pathe Exchan . Pathe Exchange A... Patino Mines (3.89).. Peerless Motor Car.. Penick & Ford...... Penn Dixie Cement. . 4 Penn Dixle Cm pf(7) Pennsylvania RR(4) People's Gas Chi (8). Phelps Dodge (3).... Phila Co (17). Phila Co 6% pf Phila & Read C& I Philip Morris (1). Phillips-Jones (3) Phillips Pete (1%).. Phoenix Hosfery.... Plerce-Arrow A..... Plerce Arrow pf (6). 26 15 7 Pierce Petroleum. .., Pillsbury Fl (12%).. Pirelli Co A (2.88) Pittsburgh Coal Pittsburgh Coal pf. Pittsbgh Screw 1.40. Pitts & W Va (6). Poor & Co (12) . Postal Tel & C ) Prairie O &G (2%). Prairie Pipe L t43. Pressed Steel Car. .. Pressed St1C pf (7). Proctor&Gamble(2). 32 Prod & Refiners. Pub Sve NJ (2.60) Pub Sve NJ pf (6) Pub Sve NJ pf (7)... Pub Sve NJ pf (8) Pullman Corp (4) Punta Alegre Sugar. Pure Ofl (1%)...... Purity Bakeries (4) Raalo Corp. Radiopt B (5)...... Radio-Kelth-Orph A. Rallway & Exp (2).. 4 Reading (4).... Reading 2d pf (2) Real Silk (5)... Reis (R)&Co 1st(7) Remington-Rand. Reo Motors (11.60). Rep Brass Corp. Rep Brass A (4)... Rep Iron & Stl (4) Reynolds Spring... Reynolds Tb B(2.40 Richfleld Oil (2) Rio Grande O11 (k2). Ritter Dental (234). Rosaia Ins (2.20). 1 Royal Dutch (a3.20). 603 Rutland pf.. 2 9 97 30 Safeway Stores (3).. St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pt (6) 69 o Seaboard Afr Lin: Seaboard Afr Line pf Seagrave (e1.20).... Sears Roebek (32%4). Seneca Copper. . ServelInc.........u Sharon Steel H (2).. Sharp & Do pf (3%). Shattuck (F G) (1).. Shell Unfon (1.40)... Shubert Theater (5). Simmons Co (3) Simms Pet (1.60 Add 00 High. 34% 25 182% ~Prev. 1029~ High. Low. 111 105 Low Ti 105% 19% 42% 91 55 T T1% 412 48% 89 wn aacagacaacacac nununnnnnnn Stock and Dividend Rate Solvay Am In pf 5% Southern Cal Ed (2 Southern Pacific (6). 8o Porto R Sug 12%. Southern Rwy (8)... Sou Ry M&Oct (4). Spalding A G (1.60). ‘Spang-Chalfant. Sparks Withington. . Spencer Kelg(1.60 Spicer Mfg.. Spicer Mfg pf (3). 1 Stand Brands (1%). 1933 Stand Com Tob (1).. Stand Gas & El (3%) 239 StandG& Epf (4)... 6 Stand Inv Corp. Stand Ofl Calit Stand OlI N J (12) Stand Ofl N Y (1. Sterling Sec (A).. Sterling Sec pf t1.20. Stewart Warn(j3%). Stone & Webster, Studebaker (15).. Submarine Boat. Sun Oil (g1).. Superior Ofl (new). Superior Steel. . Sweets of Amer (1).. Underw-EI-Fish(4).. Union Bag & Paper. . Union Carbide(2.60). 191 Union Ofl Calif (2).. Union Pacific (10) Vadsco Sal 5 Vadsco Sales pf (7). Vanadium (t4)...... 2! Vick Chemical(2%). Virginia-Car Chem. . Virginia-Car 6% pf. Virginia-Car pt (7). Walworth (1.20) Ward Baking B. . Ward Baking pf (7). Warners Bros P 133 Warn Br P p£(2.20)... Warner-Quinlan (2). Warren Bros (15)... Warren Fdry & Pipe. Wess Ol & Snow(2). Wess O & Sn pf (4).. Westn Dairy (B).... Western Maryland.. Western Md 2d pf... Western Pacific. Western Pacif pf. Western Union (8).. Westngh Alr Brk(2). Westngh EI&M (4).. Weston EI Instru... co Chlor (2). White Eagle Oil (2). White Motor (1).... White Rock M S (3). White Sewing Mach. Willys-Over (c1.20). Willys-Over of (7). Woolworth (2.40) Worthington Pum Worth Pump B (6).. Zenith Radio (2).... IRE SBales— Add 00. High. Low 3 107% 106% 24 " 82% 80% 4 Telautograph (1). Tenn Cop & Ch (1) Texas Corp (3). ‘Tex Gulf Sul (4) ‘Texas P C & Ofl (b6). Texas Pac Land Tr.. ‘Thatcher Mfg... . Thatcher pf (3.60) The Falr (2.40). ‘Thompson J R (3.60) ‘Tide Water Asso.... Tide Wat Asso pf(6) Water Oil(80c). ‘Tide Water Ofl pf(5) Timkn Det Axle 180c Timken Roller (3) Tobacco Prod 1.40... ‘Tob Prod ctfs 1.40... ‘Tobacco Pr A (1.40). Tob Prod ctfs A 1.40. Transcontinental. Truscon Steel(£1.0). Twin City Rp T (4).. X . 144 2 2 U- 13 2 14 Utd Afrcraft&T pf 3. Utd Biscuit (1.60)... Utd Cgr Stor ctfs(1). Utd Cigar St pf(6).. Utd Corporation Utd Corp pf (3)..... Utd Electric Coal(3) Utd Fruit (c4)...... Utd Gas & Imp (1) Utd Gas & Imp pf (5) 4 Utd Piece Dye Wki U S Distributing U S Distrib pf (7)... 8 & Foreign Secur. & For Sec pf(6). S Freight (3). Ind Alco (6).... Leather........ Leather A (4)... Pipe & Fdry (2). Pipe 1st pf (1.20) Pipe 2d pf (1.20) Realty (5) Rubber..... Rubber 1st pf... Smelt Ref (33%). Smelt Ref pf 3% . 1360 11 17 5 231 U S Tobacco (4) Univ Leat Tob (3). Univ Pipe & Rad..... 1 Util Pwr & Lt A (e2) 319 V- R e B I 2 NOWRN N AN - - Bau Y © S8eBAnamanRan il mRe Yale & Towne (4)... Yellow Truck & C... Young Sp&W (12%). Young Sheet & T (5) b b4 58% 7 142 6 45% Kastman Kodak..... Lorillard (P) rights. Mathieson Alk (rts). Murray Corp...Oct 1 Nat Dairy ‘Warner Pic .Sept 30 842 5% 1% 12% 2% W 12% W +.Sept 23 142 1 Sales of Stocks on New York Exchange. 0 AM.... 0 P.M.. Dividend sUDnit #s given in_the cash payments based on the Iaration. 8 2,082,100 cieo 061600 L Terty "Or° bald vearly” Gee: STOCK PRICES SAG AFTER EARLY GAIN Market Loses Ground Sharp Selling Movement During Afternoon. in By the Associated Press, NEW YORK, September 12.—The stock market displayed another sharp reversal of form today, rallying briskly at the opening and then plunging downward. Early gains of 1 to 6 points in the active issues and 7 to 21 points in a few high priced specialties were cut down, or wiped out, and a long list of popular stocks sold 1 to 8 points be- low yesterday's final quotations. Some :neoocor‘:l"y took place in the early after- There was nothing in the day’s news to explain the sudden change in senti- ment. Call money was in comfortable supply at 8 per cent, with indications that the rate would be maintained for the rest of the week, due to the heavy accumulation of funds here, Close Is Weak. American Machine & Foundry ran up 21% points to another new high record, at 279 in the early trading. J. I Case jumped %; points to a new top at 451. Radio ran up more than 5 points to a new high record for the present stock at 114%, but lost all its gain in the midday reaction. The high-priced stocks tobog- ganed rapidly in the final hour. J. I Case, which had been as high as 451, slumped to 430, American Machine & Foundry was down from 279); to 261 ‘Westinghouse Electric from 2587 ta 2525, General Electric from 380 to 36¢ and United States Steel from 243 to 233%. Auburn Auto sold 15 points un- der the previous close and several others were off 4 to 8 points. The close was weak. Opening Is Strong. The market opened today with an im. pressive demonstration of strength Several blocks of 5,000 to 18,000 shares changed hands in the early trading Westinghouse Electric opened nearly points higher, United States Steel com- mon 2%, and Radio, United Corpora- tion, National Cash Register, North American, Pennsylvanian and Bethle- hem Steel showed early gains of a point o1 more. Standard Oil of New Jersey, which led the late upturn yesterday | opened fractionally lower, but Standarc | Ol of New York opened with a block of 18,000 shares at 47, up % and dupli- cating the year's high, Lowering of the call money rate to 1 per cent yesterday, coupled with the fact that the Bank of England agair made no change in its 512 per cent dis. count rate had a bullish effect on spec- ulative sentiment. Wall Street also was pleased with the heavy accumulation o! the high-grade oil shares, presumably for the account of investment trusts and by reports that other large invest. ment trusts were in the process ol formation. Establishment of a new high record by freight car loadings in the week end- ing August 31 brought fresh buying inte the railroad shares, but the early gain: were held to a point or so. Oils were again under heavy accumulation, re. cent gasoline price cuts along the Atlan. tic seaboard apparently being offset by a drop in crude oil production lasi week. Standard Oil of New York crossed 48 to a new 1929 high, Sun Oil moved up 3 joints and Pan-American B Standard Oil of California, Texas Cor- poration and a few others advanced & point or more. I+ | CHICAGO LIVEA STOCK MARKE1 CHICAGO, September 12 (#) (United States Department of Agriculture).— | Hogs—Receipts, 20,000 head; including 4,000 direct; market light hogs steady to 10 cents lower; butchers strong tc 10 cents higier; packing sows, 10 to 11 cents higher; top, 10.40; bulk, 170-25¢ pounds, 10.00 to 10.48; packing sows 8.25109.00; butchers, medium to choice, 250-300 pounds, 9.00 to 10.15; 200-25( pounds, 9.50 to 10.40; 160-200 pounds, 9.25 to 10.40; 130-160 pounds, 8.40 to 10.10; packing sows, 7.65 to 9.00; pigs ,l’;egll‘;g\ to choice, 90-130 pounds, 8.0¢ Cattle—Receipts, 8,000 head; calves receipts, 2,000 head; market on weighty steers, 25 cents higher; active at ad. | vance; trade‘supply higher than earlier in week; back to season’s high time of good to choice steers with weight; 17.00 paid for medium weight to heavies Slaughter, classes steers, good and choice, 1,300-1,500 pounds, 13.25 to 17.00; 1,100-1,300 pounds, 13.25 to 17.00; 950-1,100 pounds, 13.25 to 17.00; com- mo;ls :;l‘dfn(‘ledmnh 850 pounds up, 8.50 .00; fed yearlings, good and chofce, 750-950 pounds, 13.25 to 16.50. Heifers, good and choice, 850 pounds down, 13.00a15.25; common and me- dium, 7.75a13.00; cows, good and choice, 8.75a11.75; common and medium, 6.7 8.75; low cutter and cutter, 5.25a6.7: bulls, good and choice (beef), 8.90a10.7. cutter to medium, 7.00a9.10; vealers (mikk fed), good and choice, 16.00a18.00; medium, 12.50a16.00; cull and common, 8.00a12.50; stocker and feeder steers, good and choice, all weights, 10.25a 12.00; common and medium, 8.25a10.00. Sheep, receipts, 20,000 head; native, active; strong to 25 higher; bulk, 13.00a 13.50; top, 13.75; rangers unsold; fat ewes steady, 4.00a5.25; feeding lambs quotable steatly: lambs, good and choice, 92 pounds, 12.85a13.85; medium, 10.75a 12.85; cull and common, 7.50a10.75: ewes, medium to choice, 150 pounds down, 4.00a5.50; cull and common, 2.50 a4.25; feeder lambs, good 3 12.25a13.50. o —— PAINT MEN MEET. Over 100 painters from Washin, ration of ni ucts at the Harrington Houlpgmyw&du wae.k, trading fess than 100 shares. ¢Partly extra. fPlus Plus $3 in preferred stock. fPlus 1-25 3 stock. S0 fefular rate. b Payable in stock, 'c Plus 8% ipayavle when earned, e Favable tn caih or stock. Pty aPald this SinclairOfl (123%) Singlair Oil pf (8) Skelly Ofl (2). pt Sto! Kreuger & Tol(1.34). 1 Kroger Gr&Bak(c1). Harry G. Meem, vice president of the Washington Loan & Trust Co., has returned from a short vacation passed sponsored by the Hugh Reilly Co. The 62% 49 City lce& F (3.60).. local painters showed much interest 27 18% City Stores (1). Plus 2% in stock. with his family at Atlantic City. President Robert V. Fleming, presi- dent of the Riggs National Bank, has been named vice chairman of the gen- eral committee to arrangz for a Cherry Blossom Festival to be held in Wash- ington next Spring. Fifteen other prominent local bankers have been asked to serve on this committee. Vital Issues Before Bankers. : The “new day in banking,” as it has been termed by many observers of the rapid changes now going on in Ameri- can finance, will be disc from many angles in the technical divisional meetings of the annual American Bank- ers’ Association convention, which will be held in San Francisco se'm:mber 30 Eors o Bl of the program e the usovclntlun headquarters. Igmls of bank management, group and unit banking, investment policies for developments affecting the national bank system, trust investments and de- tment work, _taxation, protection m_ criminals, the eas powers of banks, inter-bank cooperation and many other topics will all be sreunwd by experts in these various s of the business and thrown open for discus- sion by the delegates. —_—— Sales Agreement Reached. NEW YORK, September 12 (#).~The United States Gypsum Co. and the In- B orment wheresy, Tasiite progucts ent wi el SarBe distributed byyuu United States Gypsum Organization. et PARIS BOURSE PRICES. PARIS, September 12 (#).—Prices were firm on the Bourse y. Three x cent rentes, 77 francs 20 centimes e ae on London, 125 irancs 98 sen exchange on London, tim % dollar” was quoted es. The francs 57% centimes. 72% 42% Cluett Peabody (5). 154% 120% Coca-Cola (4). 50 46% Coca Cola A (3). 72% 39 Collins & Alkman. 1082 90 8% 656 99% 53% ColumbG & E (3) 109 103% Colum G&E pf A(8). 88% b65% Columb Graph(87c). 672 69% 70% 61 Col Graph ctfs(87¢). 12 66% 228% 121% Columb Carbon t4%. 18 212 62% 43 Com Credit i2)...... 184 524 50% 50 Comm CreditA'(3).. 6 504 212% 131% Coml Inv Trust (34). 176 2056% 99 91 Com Inv Trpf(6%).. 69% 27% Com Inv Trst war... 504 225% Com Solvents (h8).. 8b% 19% Congoleum-Nairn 92% 67 Cong Cigars (15%) 26% 22 Consol Film (2) 80% 24% Consol Film pf (2). 183% 956% Consol Gas (3). 1003 96% Consol Gas pf (5. 70% 60 Consol RR Cub pf: 6% 2% Consol Textile 23% 12 Container Corp 90 47% Contl Baking A. 16% 8% Contl Baking B 100 88% Contl Baking of ( 62% 656 Contl Bank NY 1.20.. 91% 60 ContlCan (2%)... 110% 79 Contl Insurance (2). 28% 13 Contl Motors (80¢). 3 35 4 24 100 9 304 24% Curtiss Wright Corp. 235 37% 34% Curt Wright Corp A. 24 101% 58% Cutler-Ham (3% 18 100 69% 42% Davison Chem. 86 46% 33% Debenhams (al. Delaware & Hud (! B52% 2 385% 35% 8b6% 85% T Tadr sieh oley 2aens 85% 82% ;I 103% 101 34 34y | 116% 116% b4% b54% 30 30 9% 984 14 114 % 1% 14 Lambert Co (8). Lee Rubber & Tire. Leh Port Cem (2%) Liggett & My B (15). Lima Locomotive... Link Belt (2.60) Liq Carbonic (t4%). Loew’s Inc (2) Loew’s Inc pf (6%) Loft Ine.... Loose-Wiles (2.60). Lorillard (P) Co.... Lorillard (P) pf (7). Loutsiana O11 LouG & El A Ludlum Steel (3).... Ludlum St) pf 1389 36 92 1 110% Mac A & Forb(12.35) McCall Corp (4) McCrory B (2). McGraw-Hill (2), tdcKeesport T P (4).. McKesson & Rob (2) McKes & Rb pf(3%). ellan Strs (200). Mack Trucl €2) May Dept Strs (4)... Maytag Co (12) Maytag Co of «3) Maytag Co 1st pf(6). Melvilie Shoe (1.40). 1 39% 1101 2 103% 1 40 19 3 2 163 4 84 107 49 13 (3 13 136% 12% 43% 021 26%% 39% 43% 42 93 464 49% 87% 59 95 8 81% 21% 93% 11% 67% 861 110% 39% 101 108% 40 73 136% 1 124 43! 9% 110% 1. 394" 101 1 103% 1 40 8% 12% 4" 02 41 87 10 39% 00 03% 414 72 1 | shares of no par common stock. ¥ Snider Packing. 2 43% 1 1% 42% 421 42 | o, stock, 0% 104 10% 10% §Bus % i steck k Plus earned. Plus 6% in si 3 3% stock: New Securities By the Assoclated Press. NEW YORK, Septemher 12.—The following securities have been listed on the New York Stock Exchange: City of Montevido (Republic of Uru- guay), $5,027,000 Southern Boulevard loan, external sinking fund 6 per cent gold (coupon) bonds, series A, due No- vember 1, 1959, International Shoe Co., 3,760,000 shares of no par common stock. ‘The following securities will be ad- mitted to trading on notice of issuance: Federal Water Service Corperation, 740,233 shares of no par class A stock. Checker Cab Manufacturing Corpo- ration, Simméum of no par com- mon caj E curufs-wmm ‘Corporation, 1,092,537 shares of no par class A stock and 8.- mgl.:in‘ahlus ?f no par common stock | out par value. The (?l’ddm Co., 81,750 additional Utilities Power & Light Corporation, ,000 additional shares of no par class stock. A'x'hu ‘American Tobacco Co., 390,583 additional shares of common stock B (”!alr;‘:'lhflmh Stores, Inc., 39,030-ad- dm«im.l shares of no par value common stock. Commercial Investment Trust Corpo- ration,’ 1,643,704 additional shares of no par_common stocl k. The Electric Auto-Lite Co., 40,363 additional shares of no par common TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co, Rate—Maturity, 4%s Déc. 18, 1929 4%s Dec. 15, 1929 Stas Mar. 15, 1030 pt. 15, Allis-Chaimers Co. Bs 1937. u;‘a Aluminum, Co. cf ‘Amer. By i$83 99 er. Milla 55 1948 ... 94 35828328533 ¥ 33832 w Se3eSEelenes i S28: $! 838858828 F#Ffoggfl Markets at a Glance NEW YORK, September 12 (#)— Stocks irregular; J. I Case reacts more than 20 points after early rise. Bonds steady; investment rails firm. Curb heavy; National Investors up near- ly 50 points. Foreign exchange irregu- lar; sterling eases slightly. Cotton eas Southern selling. Sugar lower; Euro- Coffee declined; easier CHICAGO, September 12 (#).—Wheat steady; improved export demand. Corn easy; increased Argentine export:: Cat- tle higher. Hogs irregular. POTATO MARKET. CHICAGO, September 12 (#) (United it of Agriculture) — Potatoes—Receipts, 71 cars; on s 192; total United States shipments, 776 slow, market just about sacked round whites, in the latest products f1 = Pl 2 rom the Duj bora . C. I Smith, vice president of the spoke of the strong Reilly company, ublic demand for paints and varnishes, e_demonstration was handled H. T. Freer, architectural manager the home office in Philadelphis, assisted by R. J. Lewis, dm.rmpflh man ager._and the local sale force, 4 FIRST TRUST NOTES Thos. E. Jarrell Co, altors Investment Service GrLLeT &Co. SANKERS INVESTMENT BUILDING ‘WASHINGTON, D.C. Telephone. National 2460