Evening Star Newspaper, October 8, 1929, Page 14

14 el FINANGIAL. ~~STrswsmens THE EVENING STAR, WASHINGTON, D. C. TUESDAY, OCTOBER -8, 1929. FINANCIAL. GANIN fl[PflSITS STOCKS G0 AHEAD Prev. | —1920—— . Close. | High. Low. 9 5214 | 1567 1303 3% 53 53% 226 182 Delaware & Hud 2 199% 198% 199 | 80% 70 Southern Ry pf(8).. 1 81 67 87 98 86 79 AbIDIPAPofe). 3 81 8o 158 6% 24 2% 2% 2% 63% 48 Spalding (AG) (2).. 3 Bl% 50 514 50% y 4% 1% Ahumada Lead. 17 1% 14 32 32 32 | 524 34 Spang-Chalfant 9 42% 41% 41% au| 2 Controller’s Call Finds D. C. z:ss;/. g:;: Alr Rea ;az:m';g 128 2;:1/. :;:m ;gu ;g}: ;:u 73 654 Smrkl“{(ltlln:ltn( ). 3 64 G3u 64 %“ Prices Move Forward Rapidly % Alr Wal E1 Ap(23%). 1 % ; - : 1% 21 % 8 39% 39% 39% | 66% 508 . . Institutions in Excellent 108 1 AT 2 b o8 29% 29% 29% 1- 80% in Afternoon—Cut in AR L 23 Du Pont do N(14i4 fiu":?é:?:srg‘ 30 00 Otu Gow 1w 6ow| 11w 116 g:;:::;:na:(«;r Rt L Doubted. iti ss 7t svoe 2 6 u Pont de N(t4 yer ro ( " s pi Condition. ¢ e fli::'a",.’,iz'}’m, B i o i 18 112 Csmre R e Nasnh Motors (6 % 8 Stand Com Tob (1 15 oans Uoubted. .. 8 Stand Gas& El (3%) 30 224% 222 223 226 StandG&Epf (4).. 2 64% 64% 64% 64% 7 8 Stand Inv Corp (b6). BY STANLEY W. PRENOSIL, . Nat Biscuit u'l%).. 108 234% 227 227% 229% | 81% 64 Stand Ol Calif (13) 6% Associated Press Pinancial Editor. 118% 118% 100% AllegCpfrets(5%). 1112 111 111 108%| 391 31 East Roll Mill (1%). 861 804 AllegCpf(6%)xw.. 4 85% 85% B85% 85 255% 168 84 BY EDWARD C. STONE. 85% 80 Allexpfrecb% xw.. 4 854 85% Controller of the Currency John W.! 354% 241 Allled Ch & Dye (6. 16 814% 307 10 70% 68 70% 69% 38t 38% 3% | 16 T4 TobProdctfs140... 8L 10 9% 10 9%! 2 33% 14 2’,;7; 30 3% 30w| 2% 14 TobsccoPrA (1405, & 10w 14 14 151 ber bank borrowings at the Federal 90 86% 90 85%| 19 12 Tob Prod ctfs A 1.40 Oliver Farm Equi Olivr Fr Ep ev pt(3), Olivr Fr Eq pf A (6 Omnibus Corp. .. Omnibus pf A (8). Oppenheim Col (5) Otis Elevator (6) Otis Steel (214). Otis Steel pr pf ( Owens 111 Glass (4 Pacific Gas & E (2) Pacific O1l stubs. ..., Gabriel Snub A . 16 15% 32 10 1 ¢ 3 Of the first eight savings banks reach- | 17% 3% Am Plano.. o d e a AR aay 75 iQamewal) 3 7 ed. six revealed advances in deposits| 175% 81 Am Pow & Lt (§1 16 147% 1z % 1a | 3% B SamewsliCo(5) Haloe sirice the June call. This high percent- | 104" 98% AmPow& Ltor (631 1102 101 101 101%| (38, & GercmerMotercooe 8 5 3 5 97 2 4 125 1204 Allled C& Natl Biscultpf (7).. 3 146 144 146 143 | 83 48 Stand OINJ (12) Pole, issued a bank call todsy asking( 72, 1204 AUIeG CA&DDt(T).. 11224 1224 6% P Natl Cash Reg A (t4) 12 127% 124% 1256% 124% | "48% 37% Stand Ofl N Y (1.6! e oen Sk v The call found the local banks in| $2% 224 Amerada Corp (3)... ; 2;}: 2;:: Sk [ e D e 53 50% 48 49% 48%| 15% 13% Sterling Sec pf( : credit_conditions and favorable trade excellent condition, first information! 7gy' g7i. Am Agricwi Ch pf. .. 41 41 | 83% b57% Endlcott-John ( 2 NatlEnameling (2),. 2 511 49% b1% 49 | G5% b4 Sterling Seccvpf3) 7 bd% 54 54 5% reports. A wave of selling swept over available indicating a substantial gain| \55™ 136™ v Bank Note (18). 2,, 152% “1 150 140% | 124% 108% Endicott-John pt (1 1 Natl Lead (6)....... 16 190% 180 190% 178 77 B6% Stewart Warn(j3%). 28 60 57% 59% the market during the morning, carry- over the deposits on June 29, the date 20% 13 Am Beet Sugar. 13 13%| 79% 47 Eng Pub Serv (11) 34 Natl Pwr & Lt (1). 8 5 1756 169% 174% n(m ing several of the leaders qown 2 to of the last call. 60% 46 Am Beet Supar pf. T 0% bow Bow 1|10k s Eng Pub Svepf (5)., 1 Natl Radiator....... 21 63% 62% 63 62% |5 points, but buying support was quickly Before press time, 28 local banks| 7g,, 40y Am Bosch Magmeto., 18 66% 64% 65% 65 | 41 814 Equitable Bldg(2%) 5 Natl Rys Mex 2d pf... 1 1% 1% 1% 1% |supplied and the market was headed were reached and of these 18 showed| g>” 45" Am Brake Shoe 3.40, 4 56 55% 656 55%| 93% 64 ETIeRR.......o.i. 7 Natl Supply (18) i 80% 79% 79% 80% |upward again by early aner’noon gains over the June figures. The 10| siy 14 Am BrownBovElec. 39 20 181 19 19%| 664 67 Erle R RTStE o), 4 Natl Surety (6). 11 20 19% 19% 19% | Call money renewed at 6' per cent, which revealed a decrease in deposits, 96 ,.,3” 169% 172% 171% | 63% 56 Erie RR2dpf (4. 5 Natl Tea (13%).... 2 43k 425 4% 424 | with the supply so plentiful that the reported only comparatively small 934 93% 95 73% 39 Evans Auto L(12%). 4 Nevada Copper (3) 3 9 1 11% 11% 11% 11%|rate was dropped to 6. Time money amounts. : b L e i il Newton Steel (3) 2 94 92 92 9i | 19% 11% Symington A. . 8 12 12 124 12 |was reported to be available at 83; per The Riggs National led the list of \ 815 46% Am Chicle (2). 3 66% 64 64 62 | 100" 68y Ked Lt& Tre(1i%), 1 N Y Alr Brake (3). 1 43% 43% 48% 43 26% 18% Telautograph 11.05. 1 19% 19% 19% 20 |cent tor all maturities, which contrasts banks reporting increases, deposits| 55 41 Am Com Ale (ki.60). 35 45 4210 45 43% S N Y Central (8). 132 230% 227% 228 227% | 20% 16 Tenn Cop & Ch (1 1 17% 17 17% 17| with a rate of 8% to 9 yesterday and having climbed to more than $51,000,- | 47% 23% Am Encaust Til (2), 2 30 2% : NYCh&StL(6).. 5 180% 177 180% 177 | 71% 57% Texas Corp (3). 59 67% 65% 66 67 |8 high of 9 to 9% last week. 000 against something over $48,000000( 9814 76} Am European Sec... 10 81 78% 22 NYChi&StLpf(6) 3 107% 107% 107% 108 | g6y 65% Tex Guif Sul (4).... 20 70% 6T 69% 68 Early irregularity in the market -fis in June, making a gain of over $3,- 1991, 75% Am & For Power. 2654 163% 159% 1 NY NH & Hart (5).. 38 122% 119% 122% 120% | 237% 14 Texas P C& Oil (b ) 7 15% 15 15 16% | attributed to the fact th_lt|the v.eewy 000,000. 103 88 Am&ForPw2dpf.. b5 95% 94 1 NINB&HDE (.. 1125% 125% 126% 125% | 2435 1215 TexasPacLandTr.. 19 15% 14 15 13% |Federal Reserve brokers’ g state- Most of ‘the other national banks| 42 24% Am Hawaifam(1)... 32 84 32 o Norfolk&Wstn(+10). 10 26T 265 267% 266' | 35 16% Thatcher e 2 33 33 33 33%|ment, to be issued after the close on made an excellent showing, some an-| 85% 63 Am Home Prd (3.60) 10 65 64 2 North Am(b10%stk) 26 159% 158% 159% 159% 0 2 38% 38 38 38 | Thursday, would not show the gener- nouncing particularly good advances.| 54 38 AmegicanlIce (3).... 2 454 41% 7 North Ampf (3)..... 2 53% b53% 534 534 99 19 18% 18% 18%|ally expected huge decrease in borrow- ‘The trust companies as a group did not| 96% 52% Am Internat (33).... 21 85% 83 19 North Am Ed pf (6).. 1 100% 100% 100% 100% 1 85% 851 85% 85% |ings. These predictions were based & fare quite so well, three of the seven| 8% 4 AmLa F&Foamite. 1 4% 4% 6 Nor Ger Lloyd(3.41), 1 50% b50% 650% 51 97% 90 Tide Water Oil pzm 1 98 93 93 91%]|the fact that the loans of some of showing advances in deposits and four 13 1026 Am Locomotive (8).. 4 114% 1125 Northern Pac (B).... 4 104 1027 102% 104 | 34% 225 Timkn DetAxlet80c 25 29% 29 29 2xy | leading houses were down only 1 or 2 v showing a falling off. 9% 112 Am Loco pf (7). 1114 114 5% 44 North Pacet (6).... 3 101% 100 100 102% 1§zu 7:!/. ;h.:.hnnellur 3) 45 122 118% 119% 121 | per ‘%‘L‘n"&".’:’ofific”fifi’f.fir nbywe’ee 9 Ma 5 79% 259! s 20 o 2! ‘obacco Prod 1.40 14 12% 11% 11% 12| ago. 3 - Savings Banks Doing Well. 2;;:':’ U ::n"c‘h’f.!)‘u(u) 15 279% 250% Fuller pr pf 103% 103% Of1 Well Supply. 120w 20w 204 20 s tillas st 9 2 23 14 13% 13% 13'1? Reserve. b i B Rubber Shares Strong. 3 2 2 21% 20V Rubber shares rallied in response to 3 i S 4 22| reports of a 10 per cent increase i tire prices under e leadership of Good- : Jear, which ran up 6 poin (22 25 | " Chemicals gave one of the most im- 5 pressive demonstrfllllng:l c"(! - gr;:g strength. Commerc! lvents jum 212% 269 269 270 | SEOEE. S Reduction, 14, and United 4 5% 54 5% B%' 154 9 Transcontinenta 178 78 78 82 | 63 38% Trico Prod (2%). 2 72 71m 72 72 | 31% 18% Truax Traer (1.60 6 . 74 119% 117% age of gains indicates that savings bank [ 80 70 AmP&LDIA (3)... 0% T78% 8| Sog 61 Asphalt. ; BAY 82 depositors are not_drawing out their | 84% 78 AmPaLofAst(s). 1 79% 9% 0% 0% e ool money in large amounts to place it in 55% 404 Am Rl&s‘:dl San1%. 41 ‘7*- 45'% 46% 467 101% 101 stocks. At least that cannot be true in | 64% 30 ~Am Republics... 67 the Capital. 144% 106% Am Roll Mill (62). 260" 3t8% It is believed that the complete reports 17 112w 1115 112 13t | 1% 11 GenEleo spec (6 o). 1% 1% on deposits will show a good gain over . % 60 Gen'l Food Corpn (3) 23 64w 63 the call in October a year ago. The call [ 138 130 ~Am Sm & Ref ot ‘"~ 3 130% 1801 135% 135%| 112 ° 70 GenGas&EIA (e1%4) 18 102 99 a year ago came on October 3. It was 25 S0 Set S5 &5 | 894 664 GenMils(13%).... 12 Tin 69% 2 419% 413 417 410 | 61% 44% Truscon Steel(f1.0). 55 48% 55 48 | 177% 91 Underw-Ei-Fish Gen Electric (1 4 4 0). 13 79% T78% 79% 178 57 45% Union Oil Calif (2).. 3 1% 1 1 1 297% 209 Union Pacific (10) 27 192% 189% 190% 191 1116 116 116 116 126'% 93'% Gen Ry Signal (5) 1 164% 159 164% 159 88'% 68 Gen Refrac (14). 9% | Kodak ~and _National Biscuit also Much of the money from October §o% | reachea new hign ground. dividends was back in the banks by | }21% 118 = Am Tobacco t Utd Corporation. Pacific Lighting (l). 10 130 127 127% 1284 | 85% 80% Union Pacific pf (4). Alcohol, United Car- fortunate for the local banks that to- 0. Ghe o6 5 It 1100 91 GenMnspt(s) 92 Packard Motor...... 142 Utd AlrerastaTrans. 50 112 108 111% 1098 | States Industilal Alconnl, Doitel Bals day’s call did not come before the end T BT % 52 S5 | e1% 63 Gen Motors (13.30). 66% Pan-Am Pete B Utd Atrcraft&T pf 3. % TT% 1% T5% | 6% 710 points, the first named touch- of September. 3106 1o0i 1oi 108 | 126% 122% Gen Motorspf (7)... 3 12214 122 Panhandle P & R. N EmaxitL ) STk 1o 57 . 158%|ing a new high. American Machine & Heavy intefest payments in April and 250 200 201w 308 Zoin| G2 43 GonouWAdvA () 3 46 45 Earamount-F-L (3 Uil crar Somaatiy, o3 105% 108 104% 101% | indry ran” up 20 points to & mew 't lways raw lown ien Outd Ad vte (2). 1 29 29 arl ah. g S lways et 205 160 Am Tobacco (8)..... 16 192 /190 " 191 1004| G5 57 Gon DubliaServcoty 5 29 o Utd Gr Sto extacty. 1% 10% 10% - 9y pesk st 370, Warren Bros, Eastman 205 160 Am Tobacco B 3 2 Patino Mines (3. October 4. Riggs National had a gain % 17" 142% 101 Gillette Safety R 68 143 " 137% Peerless Motor Car.. 32 Bullish Operations. of $6,000,000 over October of last year, [ 199 ~ §74 Am Water Wk B0 181% 177 179% 176% | “4gia 204 Gimbel Brothers 2 33 33 Penick & Ford 117% ¢ ¢ but’ over' $3.000,000 of this should be( 104 ~S7 Am Water W1st(s). 1100 1001 100% 101 | 64, 367 Glidden Co (m2 6 55w bdu Pennsylvania 3 sole || SBullalt opers onsiin: mmelotl yesier credited to the merger with the Farmers( 1% 9 Am WritPaperctfs. 1 13X 13% 13% 134| 65" 571 Gobel (Adolf) 28 20% 28 Tenn Dixie Cement Utd Gas & Im pt« 2 94% 94w 944 94w |day's favorites were presse & Mechanics, as that bank's deposits| 27/ 15 Am Woolen 6 15% 15% 15% 16 M Utd Plece Dye Wki 1 . 3 however. Air Reduction opened 1 3 o par 58% 35 Am Woolen pf. 1 a5y a5 s apyli 55, SERATCTINDLEIGIMD S eI Ui Dis L o | rointehigher and Eastianticocsk:Na were not in the Riggs total a vear ago.| 44,( 13, Am Zino La&Sm. B 18% 17% 17% 18%| 1oen o : 2 Phila Co g% ot (3 USDIstribpf (7)... 1 94% 941 94% 95 |tional Biscuit and Ingersoll Rand T B e otd & on| 140 99 “Anaconda Copr 1).. 140 116% 114w 114t 115% | 1644 3% Goodyear Tire (6)... 110 1065 100 il R e US&ForelgnSecur. 10 54% 634 54 54 |mounted a point or so_to new high many deposit reports as coul ven| 8% 62% AnacondaWAC@).. 1 77 71 77 76| lggh 5% ool i SRRy e Philip Morris (1) US&ForSecpf(6). 6 90% 90 90 89% ground. United States Industrial Al- Tie B toNnsonitoday, RareNE el imy o3 ATONOECRDI M) - KA1 INTE 170 gy g |80 L9 TCCOMRRIRIINY | 1 aek s 2nk Phillips-Jones (3 U S Freight @3). cohol, Loose Wiles and Worthington below: 150 10214 AnchorCappf (6%). 2150 145 150 140 | yo5,. go,. GranhmePaige. 107 EE gt Phillips Pete (13). us Pump mounted 2 points or more, and Local Bank Deposits Compared. 68% 44! des Copper (3) 4 50% 50 504 50% bl o @ us gains of a point or so were recorded by ot 4,20 mune 2, 20, | 49% 29 Archer-Dan-M (31... 11 44% 42 44 48 AR L 1% 80 Plerce-Arrow A us New York Central, Rock Island, Para- American Sec. & Tr..$31.782,304 $30,831,683| 95~ 83% Armour Delpt (7). 1 83 83% 834 85 | . 401 Grand Union pi 1 451 45% Pierce Ol p! us mount, Warner Bros., General American : 831,782, 831, 16 105 100 300 1o% 4 US Piped Fary | Tank, Pullman, International Harvester, Riges National . 51,821,079 48,665,746 2 e 5% B 63% 43% Gr-nlucny szl 3) 3 534 58u Plerce Petrol S trrens d Otis and Ludlum Metropolitan . 18,635,446 18,602,919 3 70n Ton Tors now| 144% 114% Gr T (1) 5133 1324 Billabury F1 (133 O 2 P inn a0 United Alrcraft an - National Sav. & Trust 11,844,357 11,031,485 Saans 10w 185 [esy ror Gre North pe 1 11 117% 116% - Steels. h bl Federal-Amer. Nat'l... 11,100,419 11,001,783 2 21% 21 '21 55 | 122% 100 GrtNorth pfet ( 6112 111% gg Foreign_‘mexcuulrlxxes ol;’len 5 smdi Wash. Loan & Trust.. 14,611,136 15,434,931 4 461 45% 4615 45| 39% 25% GrtNorOre(a1¥).. 18 29% 29% Pittsburgh Coal p OB 4 74% 73% | steady, with s ELng Seaes Commercial National. 15.958,899 16,485,425 18 51% 50% Bo% o] 44 32% Grt WestSug (2.80)° 2 36% 36w Pittabah Screw 1.40. L "‘"I‘R'“'* > 8 48w 48 48y 48 loweral $4.863-16. Commerce & Savings. 2004273 2006719 ,57™ g5\, AssoDG1stpf(6)... 1 90 90 90 90 | 10 55% Grigsby Grunow (2). 101 66% 64% o SR Co z?; 18" e e Binniet . Sohmam assioi | 208 1954 Atch TESFe (10).1 41 282k 278 e e dt Foar & cotas US Steel of (7). 6143 1425 1424 143 | TAX CASE IS REOPENED y 3 A Continental 2935180 2,830,368 78 60w G gal sou| LS 884 HamnDeptsprei 3 son e Encnad ol Untv Leat Tob « 13 5 5 b5 |BEFORE SUPREME COURT Park Savings 3634828 3,568,361 6137 128% 135% 129%| 31 = 23% Hartmana (2). 1 29% 29% e mioum Univ Pipe & Rad. 3 6% 6% 6% 6k sl 3 1% 12 12 127,| 41% 20% Hartman B (1.20) 2 24 o7 L Utll Pwr& Lt A 24 52 504 51 49% | By the Associated Press. i e e 2 409% 409% 409% 410 Hi 190 70 Preseed Steel Car Vadsco Sa 5 8% New York, California, the American B verion My, e i PLE8 m wa vm 47 21% 19% Proctor&Gamble Vadsco Sales it (155 5 73° 71" 75" 79 |Bankers Association and the Massachu- Bank of Washington. 8261028 8018,063 S e e LR s VaEatam ¢soy 10 2 1, 9y | setts National Bank Association have Merchants: B, & Tr. 8.186,008 90| 20 104 Aviation Cors. L R TU R TR VT e o on M vxckc:::u'ulj('z'fi) P P e fi: asked the Supreme Court to Second National ... 6501833 6sieqgs. 66% B5Y BaldwinLoco (mew). 10 581 675 57 57| 133 80 Hershey Choot ¢ ). 16129 127 Virginia-CarChem.. 3 10% 10 10 o3, |its decision last term holding fhvaiia Union Trust ......... 9.895.404 9,295,841 I e e o o HLR Holayhairn: o oo o Virginia-Car 6% pf.. 1 35% 35% 35% 36 |an excise tax imposed by Massachusetts alto oo % 4 - = # x on_corporations. i i "768." 113% ayuk Tigar (2)... 85 S P er. = > 2 be reopened o ket . Mitass Leseoss| 374 20 BeaconOll... 428 usk eny aey | T8 0D CHOuMBOITREAUNG).C 18 08 ST e Warners Beoat 1% 4. 6o oot i 51" e 9y California, Oregon and 4 i 131 93% Beatrice Cream 1 % 122% 125 122 It ‘Washington have laws similar to that Security Sav. & Com. 6,316,889 6,156,061 4 %). Warn BrPpf(2.20).. 1 47% 47% 47 17% 9 Belding-Heminway 2 9% 9% 9% 9y b % 454 | of Massachusetts, which was declared Bank of Brightwood. 799,496 711,645.85 55% Warner-Quinian (2). 7 30 29% 29% 3 4 a Nat Ryspf5.49 1 79% 79% 79% 80 0% United States .. as27m 2dasin | O T B e iation (3. 28 b ook oo B 8 70 HudsonManhpf(G). 1 74 74 Radio-Kelth-Orph A Warren Bros (15)... 4 206% 194 206% 19214 ;’;‘;‘;";‘,fi“g,‘:;’;,‘,;t,og,"?;d‘;‘:,';k‘;",,,,,.- Southern's Directors Re-Elected. T mweny i 220, bTM (GEW. GIN R LR o Zi& R'R Seo 1C stk G4, e e Ton o 1o, 18%|ured by their income. The highest tri- At the annual meeting of the stock- | 140% 824 Bethiehem Steel (6). DSt (T, 2 140 189 Raybestos Manhatn. olilBuoweyie- 1 abas’s asy 31 | FeEsldesiaEd famouaes Hlegals i, holders of the South 128 11e% = Reading (4 2 in effect, a tax on income from tax-ex: held i Richmong ern Railway Co. | 136y 1041 Bohn Alumn&B (16). 19 114 109 1121, 108 | 39% 29% Independ OIl &G (2) 22 31% 814 Reaner WemnOwSnof(d).. 3874 564 BT 574 empt securities. heid In Riehmon today, four of the 18 83 83 83 | 53 29 Indian Refining..... 39 44% 43 Ealifg 18l x Westn Dairy (B).... 2 32l 324 3216 33 The briefs contend States have the lirectors, whose terms expired, were re- 3 5% 5% 5% b6%| Bl% 28 Indlan Refining ct... 19 42% 40% Western Maryland.. 2 38% 38% 38% 39 |pighe to tax net-incomes derived from CLali IS terms. They are 11 85 831 831 8§5%| 136 75 Industrial Rayon.... 4 82 78% S0 Pucifis-.... 9 34% 33. 3¢ 32| i esiand that such laws equalize Jonathan Bryan of Richmond, Adrian 13 62% 58 61 62 | 215 120 Ingersol Rand (t5%) 40 216 210 Westorn Unlon (8).. 19 228% 218 227% 220% | the tax burden between banks and cor- Iselin and Devereaux Milburn of New 1 1321: 13214 132% 130 | 113 78% Inland Steel (3%)... 13 100 100 A & o NonER AL o3 65N 61 654 61 | oyt fhe Simsien of Mone Soem ork and F. §. Wynn of Washington. ey 18 25% 24% 24% 254 | 66% 37 Inspiration (4)...... 23 42 41% i o Westnat KIRM (4).. 135 230w 221 209% 282 | 1o ’crempt securities 88 a part of the 2 meeting of the directors followed | 4314 35y, BriggsaStration(i). 1 371 37 8715 41| 8% 19% Interboro RapTran. 6 30 281 et seorors (1 40 Do mawn... L S 814 9% B itn T e ek helng oty Inciocniat ihe meeting of the stockholders, accord- | 13g); 115% Bristol Myers(143%). 3 123% 123 1231 123 | 14% 8% Intercontinental Rub 2 9% 91 Lansameh). 2 6% 62 €M% 00%| G cioeiny it thet chisct, andt ot in ng to a special dispatch received here. 73% 32 Brock MT 1°33 33 33 32| 17% 6% Intl Agricultural.... 4 7% 7 WheellnxlsLEp;.. 1 100% 100% 100% 100 violation of the well established prin- Pole’s Banking Plan Opposed. 81% 7% § 6% 60w 1% 60w | 246% 149% Intl BusinessM (6). 3 243% 2374 White Mesor i) 2: § 30w 36w 85% 35 | liple that States cannot tax the bonds Cne State bank difision of Ameri-| 32% 79 FE R TRCTR e e D S TR White Rock MS (3). 4 49% 49 4o% doms|OF L et s expt gan Bankers' Association passed a reso- | g2t 170 6224 213 219% 214 | 142 92 Intl Harvester (234). 85 116 11414’ White Sewing Mach. 2 17 16% 16% 17 | Secur ution, at the San Francisco convention | %51y, "3y Brown Shoe (214) 2 48% 48 481 46w | 145 137 Intl Harvpf (7).. 1 139% 139% WhiteSw Mchpf4). 1 36 33 33 36% i opposing the branch banking plans pro- | ge! 3554 Bruns-Balk-Col(3. 4 38 37% 38 3815| 59% 4T Int Hydro E1A (e2). 69 56 534 Ritte Dentol s Wilcox Oil & Gas. 2 18 17% 18 17% WESTERN mnmm) posed by Controller of the Currency Burns Bros B. . 3 31 31 31 31%| 102% 65% Intl Match pf (3.20). 18 81 76ls Rl ‘or Wilcox Rich B (e3).. 5 a7% 37 31 374 John W. Pole for the national banking 5 16% 14% 15 1415| 36% 261 Int Mer Marinectfs.. 27 36% 3blg Roml. n:(ll’ Willys-Over (c1.20). 54 18% 18% 18% 18%| BALTIMORE, October 8 (Special).— system. The resolution says, in part: 2 30% 3015 30% 30%| 72% 40% Int NickelofCan(1). 77 54% 534 oyal Dutch (a Wilson & Co. ¢ 5% &% 5% 54| Heavier shipments of coal and freight ‘'We cannot but express our opposl- 2 40 40 40 40%| 37% 25 IntlPap& P A(2.40). 44 36% 35% 4 Safeway Stor 5 5 Wilson & Co A. e 2 12% 126 12% 12% |other than coal and coke are reflected tion to plans enunciated by the con- 2 474 4BY 47% 464 | 26% 14% IntlPap& PwrB.... 37 26% 26 StJosegh Lead (133, 21 08" ‘64 'aow ‘aon| %0 & Wilson & Co pf. 5 50% 50 504 50 |in a gain of $126,738, or 8 per cent, in troller of the currency because we be- |' 27 94% 91 9315 91%| 20% 10% InUPap&PwrC.... 243 22 20% St L-San Fran (3 8 124% 128 123 12815| 108% 85 Woolworth (2.40)... 8 95% 94% 95w 95 |estimated earnings of the Western lieve, if they were carried out, they 1 62 52 52 52 | 93 80 IntlPap& Pwrpf(i) 1 8% 88 StL-SanFranpf (6) 3 92 91% 92 92 |137% 43 Worthington Pump.. 13 1164 112 114% 112% | Maryland Railway for September. would result in giving new and unfair 7 3% 3% 3% 3| 68% 43% Intl Print Ink (2%).. 11 684 ns-,, St L Southwestern 187 87 8¢ &y 80% 70 Wrigley Wm (¢).... 2 73% 734 73% 73%| Earnings for the month are estimated advantages to national over chartered | 105 gy au".gsupmor(n 2 6% 6 6% 6% | 77% 69% IntShoe(2%)...... 7 T2% y Savage Arms (2) 1 38% 38% 38% 38 5l% .21 Yellow Truck&C... 80 27% 25% 26% 26:4|at $1,688,727, of which coal and coke institutions. Appointment on the part| 19570 120y Byers (A M 100 176% 169 170 170% | 149% 78 Int Tel & Teleg (2).. 92 125% 122-,4. 124% 124 41's 16 ‘Schulte Retall St: 3 19 18 18 19 59% 63 YoungSpring (3)... 2 55 5d% 543 6513 contributed $701.988, the gain from of Congress of a committee of expem 7% 31% By-Prod Cok 100 46% 45% 45% 46 72% 57 Investors Equity(3). 1 56 66 56 5714| 21% 12 Seaboard Alr Lin 6 17% 17 174 16%| 143 120 YoungSheet&T (5) 3 130% 128 130 128 |that class of traffic amounting to $16,- I8 oof fourse, to be welcomed ' We| gy 721 Callf Packing (8)... 5 79% 77% 79% 77| 60 48 IslandCreekCoal(d) 1 49% 49% 49% 49 | 36 164 Seaboard AlrLinedf 1 35% 35% 35% 354 | gow 33 Zenith Radie (2).. .. s 40 38 40 38 |05 or 2 per cent. Receipts from other record, however, our opinion that one- 4 0 21 Yy ,| 22% 13 ~Seagrave (e1.20).... 2 16% 16% 16% 174 freight were $99,450 greater than a 136% 119% Calumet & Ariz (10). 3 1214 121% 121% 122% | 84% 57% JewelTea (3)....... 2 67% 67% 67% 69% 181 139% Sears Roebck (£278). 58 155% 1524 153 © 1547 RIGHTS EXPIRE Dosed of ntoe mow o citws fouon wih| Sl 3% Tt ), 1 su Al WAm s lGKSIN UokamiaRvilielts) < 375104k 188 108 290 | 1ghy; 171" manondNatdaviCato. 1167 167 1er ioi| - 5w S BeinEte T CatALIaES T 2 2ok T e endiot: Setainbes Festtntn i1 49% 35 Camp yan . 3 8 38 39% 1% ordan Motor Car.... 4 Y A% 4% 4y E ‘ % % Y T banking under State charters. 98% 78 CamadaDryGA(5). 4 8% 84 4% 83%| 108% 78 KanCitySou(S).... 2 98% 97% 98% 908 | b1 19% Sereer 1‘.:.:”"' B o ol o ;;:: o i 22 %?'onlncé: ‘.)?:; 1 323 Fy Z:‘ Zl: Z;r. e e D were 12 ST 003 Membership in the State bank division | g5y, 210 ‘CanadianPaa (10).., 4 2198 215% 2164 218 | ‘ot sen Kentvhomatiny 15 Db 76 8% 98 % no. ..ot 9 1mu 11 A P tmmeayonit % 8. &4 ok 5%lcomparative increase of $260,504, or 2 of American Bankers' Assoclation 15| %gi "3 CannonMills (1.80).. 45 44 43w 43% 43| Sun Sue KaufmannDS (W) 12 26% 254 X &L Spmrcentes: T cot el A "0 Y Bw i |per cent. Revenue from coal tonnage now more than 10,500 banks in the 48| (67" 308 Case (J I) (6) 355 360 lga“- o4% EeibeAlbeco S R lll»;% lgéfi 65% sg glhnrfi tkn‘opoé )(l;fi) 1; ::'% gsu gdv. 64 g: m g;:glzfi 1‘-{.}’ . 0:: ;} 9§ f)': fx l;:fi ff‘ for the period was $259,919 less than it e 79% 62 Celotex (3). . B4% 54 | "4 7y Kelly-Spring Tire... 8& 10% 9% 9% 9 géu isfi ‘Shell T&Tra (a2.40 2> 4o s lgt 2%% 3% 2% UnCarb&C ...Oct21 637 ' 3% 3% 312 i '9';;,“" i sNcon s porine Roeid g Capital Traction Sells at 86. 93% 84% Celotex pf (7) 1 3% g5 8 | 59% 33 Kelsey Hayes(2)... 43 37% 37 37 37%| 813 25 Shell Union (1.40) 70 2Th 214 27% 27 8% 6% Utd Carbon ..Oct— 45 9 8% 9 84 48% 80 Cent’Aguirr 1%. 82 82 31%| 19u 11% Kelvinator Corp. 16 14 = 13% 13% 13%| 188 75 SimmonsCo (3). Capital Traction stock opened at 86% | 5™ 4015 Cant Alloy Steel (2). 89 b7% 56% 56% 567 5. on the Washington Stock Exchange to-| g6, 305 Cent RRof NJ (112). 1330 330 330 325 ‘23’; Z;& fil’:x::i?;‘élr’k’(‘!%) day and closed at 86, a new low mark. | 330, *°C Gentury Rib Ml 1 6% 6% 6% 6 | 78, 20 Kolster Radlo. . Sales totaled only ;u shares. The mar- 6 93u 92 92% 93 73% 32% Kraft PhCh (13%) 16 n'bfltflieg v}v‘ua 85% bllg m-;dz.zs asked. 1 26% 26% 26% 26%| 5714 44w KresgeSS (1.60). 3 g ds at 608. Potol 4ri o ress . 5 8 k3 45 34 SoPorto R Sug 12 2::15 s at 608, Fotomac Elecii v:mpct:a 30 82% 80% 80% B8l%| 46% 33% Kreuger & Tol(1.34). 92 6% 3ok 6% 86 Southern Cal Ed (2! 6 18 4 1 2 61 180% 175% 180 179% Sales of Stocks on New York Exchange. 6 331% 31% 31% 33| 10:30 AM.. 300 85 36% 34% 36% 354 | 1:30 76 824 80% 81% 81%| 404 18'% Stmms Pet (1.60) ] 25 56% G5% 56 Gom| 45 3116 Sinclairon (124 e et b :ézz‘ o :‘I’ngfi?fls"fo“‘ OUTPUL Y% 4 2 bove . Cl A Sl qaan '31',‘.‘.’..,.’ “asea"d U1 *0l8 \a5¢ the snnual | “The highest production of bituminous Snit of Yaine lass than 100 shares. tParity extra. 1P ol énd.:; Y ”ckh e khfinry i 105 105 105 104% " dtocr, | recorded during the weel ng Sep- 7 ‘&.m 18 B easono depulic raie °8 Faribie Lo tock o Puds g% | tember 26. According to statistics com- b Foits Tin G 300ek. s lus % in noJ:. N {’.‘.‘:"w‘%’;flfflx’ rt‘ll:?wee: ::-M- 54 14: . 244 140% 140% 142% 15Pius 8% tn siock.” EFlus 3% m per cent increase over that of the pre- ceding week. The daily average min- stantially above September of 1928, |increase was “logical,” but declined to |ing during the week aggregated 1, when output totaled 4,147,893 tons. The |say whether the new retail price basis | 909,000 net tons. decline which has been noted since the [ would be 15 cents a package or less. compmnve figures were- record month of May was continued,| The impression in trade circles was| Week ending September 28, ll 451 operations during September averaging |that bot.h United and Schulte will go |000 net tons; previous week, 0,8 9201 per cent of rated capacity, as back to the straight 15-cent price. It|net tons; same week last year, ll 0“.- given in t) the latest 48% 48 48 48%| 641 33 Snider Packing Lanston again sold at 130. B% 5% 5% % | 1223 75% Kroger Gr&Bak(cl). 38% 26 Lago Ofl & Tran: P B 2% 28 | 574 120 LambertCo (8). rtCem (3%)er 44% 34% Lel al pf (3).. Sone oo D84 59%| 102w 77w Lehlgh Valley (3%). 42% 42+ 42 42%| ©8% 40 Lehn&Fink(3).. 34 The largest bond sales were.in Wash- ington Gas 6s, series B; W: Gas 5s and Raflway & Electric 4s. Financial District Notes. 63% 38 ChiGreat Westn pf.. Vice President Wilmer J. Waller,| &4 27% ChilMil StPaFac... Federal-American National Bank, and president of the District of Columbia Bankers Association, began a two-week arles J. arthy, secretary- treasurer of the East Washf 108“ 105% ington Sa ings Bank, is confined to his home hy 15% :4:, i 185 524 4 1 5 NEW YORK, October 8 (Special).— 5 37% 37 37y g7 |An issue of $4,490,000 Dallas, Tex, 415 | compared to 93.05 in August, 94.88 in | could not be learned whether these com- | 000 net fons. 2 6 1 - 53Bnanaans M 2 E 8 £ 43 36 Libbey Owens (1)... 1 101% 101% 101% 100% | 105% 81% Liggett& My (15). .. 97 96u 96% 96w | Per cent gold bonds, maturirg serially July 99.56 in June and 99.59 in May. | panies are considering a return to the 3 107 107K 100% Jori | 108% 81 Lissecta My B (t8). 1 97% 964 97 98 |May 1, 1930, to 1969, inclusive, is being | In “September of last year operations|coupon system, abandoned when prices 4 84u 34 84 34| 137% 125 Liggett & My pf (7). 131 131 131 130 |markeied today by « banking group roum 88.01 per cent, having increased (were cut. It was indicated recently, 3 70% 69% 70% 69v| 57% 42% Lima Locomotive... 7 47 45 47 46 |made upof Hflsev- Stuat & Co., Banc- | from a low point for that year of 76.38 |when George K. Morrow and associates 300 60% £8i sen ogw| 113% 71 LiaCarbonic (t4%). 16 79% 78 79y 79 |america-Blair, Old Colony Corporation, | per cent in June. obtained control of United Cigar Stores, 4 16 Lo 'sInc (2)...... 22 64 63% 63% 63y |A. B.Leach & Co, Inc.; George B. Gib- iig s that they did not contemplate re-estab- Ameriton T o Bankion. R | S 48, i B 0 G | G LR L i S G B e g e B B | P AL CIGARETTE | Fimene o e o e ing the team of the Baltimore chapter 1 8 414 46 4% deu| 1l T W e today st the Hill and Dale Club in| 100y 150% GoseComm 1o SAehw s 1 e | a8k B8 Troose RS0 . e aen. by I mx-’l:;e? i g.erc%eniha the Fidel- peLrare: L Logm e amn 41| 30 %, Lorilara (B of(1)e 2 96° 80" 86 24 |ity Trustc or of Detrof: offer $3,000000 PRICES TO BE RAISED New Securities Peoples Drug Stores Sales Up. 15 o0 ory oo% 381 18" 10w LoutslanaOil....... 12 11w 114 11% 1% mmfl Investment (rust 6 ‘per cent PSR AL e | 8 TR R T L i e e i B LRGARA AR 00 Bt o SRt 5, et et e i 109 o % 1073 : B increase of s308078, or 3243 Datentilih 42 (CUIVERUGRENIRIAY: Y e BN b1 Mecall Corp (... 18 104 1%“ 104 101 fir‘m 5‘1‘3..‘:":—?"1’ f;/gap;xy cmtm Reached Agreement as Trade Dalles, Tex, $4490.000 45 ;;érlggse Fee amonnt. 3o 611000000, ooy Pt Mckesson & Rob (33 '8 46% 46 464 4o |and Harris, Forbes & Co:. The bonds War Ends. §969, -inclusive; priced to. ield " rom with $8015.750 an increase of $3,037,- | 21214 131t Coml Inv Trust 134). 21 1927 185 185% 195 | 63 63 McKes& RbDf(3%). 1 oW 5ik baw e e at 95 1o Ylflfl shout 5.85 per 575 to 4.65 per cent. Satred. by a 270, or 37.89 per cent. 700 « zfi“ Com Solvents (h$ 5 6556 625 655 610 59% 43 McLellan Strs (20c). 18 48% 45 48y 45 > syndicate including _Halsey, Stuart & | 96% ‘onso) Cigar aqee % 60% 59% 9 ber 8.—An advance SHORT-TERM SECURITIES. 25% 21. Conmol Film (3)..... 12 22% 221 229 2o%| 24 16 MadisonSaQ (1%). Wall Street Briefs fn-the :::Kpngt:x leading brands of Southern Ohio Electric Co, $2487.000 | || seputation for integrity and. ace frembmEa e i 2 24% 24% 241 23%| 524 60 Mazma Copper (6).. o 93 cad ety first mortgage gold bonds 514 per cent | complishment—never deviating Bld, Offer. 250 153% 148'% 152% 150% 39% 14% Mallinson & Co. : 1% 17w 174 17% - cigarettes will be announ 0rtly. | series, dated January 1, 1929; to mature /mmmgpmdgu which prom; Allis-Chalmers S 1937. co 99% 5 3 98 98 98 98 37% 23% Man Elec Supply.... 2?7 26 264 25% | By the Associated Press. Such action, which was under consides- | January 1, 195! I priced at 95 and ac- our nman “‘Safety First for ‘Aluminum Co. of Am. 53 1983... 100 m;z 1 63% b63% 53% 53 | 57% 31% ManElevmod(db).. 1 44 44 44 a6y ation yesterday by the officials of the |CTued interest to yield about 5.85 per | { Princi Am. Rolling Mills 5s 1 8% % 82 2% 2w 2% .2 35% 25% Man Shirt (2).. 27 31 .97 . 21 26 Carman & Co., laundry- and dry v y cent. \Ofleudtryotuceo and Harris, B0 nly 25 Ta38. o 81 | 137 age a1 ak| 1o L% MameMboOUENS. 1L 18 1¢ Lo 1gu|clesnery supply Fouse has acquired |United Oigar Stores o. and the Sciulte | Forbel s YOU CAN INVEST Batcvian Bet. Cofp. 41 0" ol § T T 7w 7 | 89% €% MarlinRock (3X).. 2 13 0% 704 73 |the shirt-envelope department o Retail Stores 00, thertno Iar | oAnmicioal Investment Trust, $3000. | | wiTH CONFIDENCE Bell Tel. of ol ol 8 71% 70 71% 70%| 104 37% Marmon Motor (4). 8 47% 45% 46 45y | Russell Box Co. ol ‘Waltham, Mass, est retailers of , will come as | 000 6 cent certificates of beneficial . : = s Bl 16w Contl Baking B, 6 114 11 11 11%| 72% 424 MathiesonAlk (e2).. 46 69% 67 65% 66% the result of the increase of 40 cents | nteresk, due. - October 1, 1933; IN OUR 3y B | 100 884 ConlBaximgoriiil 1 934 94 93| 108% 781 MayDeptStra(4)... 88 92% §74 92 g | In announcing that more than 90 thousand. in wholesale price which | ¢ 100 nd interest. - Offered by : g% B B0 30 on i ot 5| 3% S8 Mavitesnos(Lithe 1 810 81 E1" B3 |BFcash: ofol or I e e it Beean oot Datrots, *L the Fidelly FIRST ‘5 Bu T Bw 20 Memselco,. ..o 18 34 3T oa 3 Oomonunn pointed out todsy that the | 6o far. as could be learned’ sterday Sty Amu.:gggo Quotation 6% MORTGAGE 5 . company was t organized so-called cut-rate .stores m mfibfl. . shares o o ao e 1a% 138| 2T 2lx Mezican Sesvoard... 8 33 801 ik ou | for peacker npeuunm in umc decided what advance, if any, they|par $20 a M‘: NOTES 9 } 50 116 111 116 110% | 54% 30% MiamiCopper (4)... 9 41 40% 41 41 |but rather to un&lae nn.ncm will put into effect. Some of these onmd by nemaco oflle\nrk. N.J. ; B, 33 B5O% 48% 50 48% | 122% 85 Michigan Steel (13). 1 100% 99% 100% 99 }:er-flons, and nwulnummu stores have been uae leading | ~ East Bay Munid'g;.’l Utllity District | DN A s Y - 97% 98i%| 125 83 Crorsley Radio (31). 3 88k 87% 88 88i;| 89% 30% Mid-Continent P(2) 1 34w 33% 34y 34% operation which, over a period of bnndl-t $1.! lo-u.rum 10 packages. (omlm-nu) $1,000,000 5 p:r B!m golc o - 99% 10041 79 424 CrownCork &Seal.. 11 68% 69% 69% 71% 5% 1% \liddle States Oll. .. 5 2 2 2 2 |years, has furnished the largest oppor- the offices of the United Clgav | ponds. $25.000 due each year, January : Tnth, Maten Corp. 53 1847 7 330 84 | (00, 35 Crucible Steel 16). 4105 103% 105 103 8% 1% Middle Statexilet. 2 1% 1%. 1% 1% | tunities for profit, without undue de- swree Co., the lsrnsz retailer of cigar- |1, 1935 to 1974; priced t.o‘z:ld uu per IR T T \Qrefon Short Line L A L 5% % CubnCameSugar... 4 1% 1% 1% 1% | 321 225 Midland Stl 1;2'4:& 270 273% 26t |pendence upon current market mova: | ettes, it was said yesterday that no ac- |sint. Offered by the American Nationa: ARE DUE Pure Oil Corp 5'h3 1037 . 97 9%| 24 11% CubaCo...... 5 15% 15% 15% 15%| 43% 26% Minn Moline 26%, zgu 26% 27% | ments. tion had been taken on the gmpnud Co. of New York and C. F. Childs & w n,& :l‘ 17 11 Cuban-AmerSugar. 3 11% 11% 11% 12 3% 2 Mian & St Louls, 1 2% 2w 21 2 increase. It was indicated, ever, | Co. of Chicago. ss"m a6 18| 7w s Cudany Pucking (4). 3 480 4si 4w 48| olw 38 MsSiPasSM 9 59% B57% 59% 57 | The American Iron and steel Xnm- that an early announcement would be Do !l’s 9 100 | 129 117 Curtis Pub (16 Dol 6120 120 120 120 | % 42 MoKand Texss... 83 SS% G4l 85U 6% tute yesterday estimated to tal steel in- | made. S Fovures 1907 i 3% 84 7 1% 18k isw 13k | 1074 mg: MoKan&Texut(h). 7 103 101 1015 1021 | got gnducuonedtn e;ldeptember a4 10, 0 | gepovid A Schulte, president of the SILVER QUOTATIONS. 5 20% 28% 28% ns, as reduced from 4 ulte , sald that action : i 1 lg ua 116% lll u Missour! Pac of (5)., 2 139% 138 138 139% ' August, in which there were h'v'o not mmun some of his as- NIW nx. October 8 W S 3100 1000 1050 10ix 80w '60 Momawiccarpet 13k 2 66w 65 . 'sow oy working. days, mm was- .... Soolates- were away, He - said -that an |stiver, 49%4;. Méxlean