Evening Star Newspaper, August 16, 1930, Page 11

FINANCIAL. PRICES ARE MIXED IN GURB DEALINGS|. Changes Small as Market Remains Professional, Utilities Featured. BY JOHN A. CRONE. Special Dispatch to The Btar. NEW YORK, August 16.—Bulls eharged the bears with indifferent suc- cess in today's Curb Exchange session, which appeared to be largely profes- sional. Trading iagged as some of the ‘would-be bulls remained out of the market on the old street superstition that lowering skies bring lowering markets. ‘The market's leader, Electric Bond & Share, opened lower, rallied and re- lapsed. Its behavior was typical of the trading favorites in the utility list, such as Unfmd Light & Power A, American & Foreign Power and American Super- power, Cities Service also moved fit- fully. Ford Motors, Ltd., repeatedly threat- ened to take the lead in point of volume. Other motors were dull and irregular. The curb suspended dealings in new Quiney Mining Co.. which has been very active in ‘the low-priced section in re- NI’IQ sessions, and in First National Cop- . Approval of New Quincy shneholderl to make stock assesable as provided by Utah laws automaticallv struck that issue from the curb, which never deals in assessable shares. The discontinuance of a New York transfer office caused stoppage in First National Copper, which, however, con- tinues its San Francisco transfer office. ‘Warner Bros. Pictures Corporation rights again led the amusements and were one of the most active issues in the entire list. Technicolor scored a new minimum price for the year. Initial quotations e the higher- priced industrials pointed upward. This was true of Aluminum Co. of America and Great Atlantic & Pacific Tea. In the higher-priced utilities Duke Power, which met drought-inspired selling sev- cnl days ago, was an early leader. fresh against American Quumld B put it 'n lower levels in the first few sales. The trade believes t chemical prices have scraped bot- tom and that seasonal influences should l::t better demand before the GRAIN MARKET CHICAGO, August 18 (Special).— ‘Weakness developed In the wheat mar- during the closing hour of trade a result of liquidation and selling by local professionals. and dis- c..:'.i’;'.'." oo, activities of prices were accounted for the 1% to 2 )a'er, voeh 8-to 7% lower. ; December, n n a809%; May, 1.02% market started lower on weather reports, but ive buying by local bulls forced short covering and caused a rally later. On the uptum ‘commission good sellers and later there was selling ‘based on the weekly forecast for cooler and unsettled conditions over most of the district. 5 B Closing prices were 1lsal% lower lu!utheweck'l -l%yfwer Sep- '§ ":EgEEE SEERE B s=§§=§ 3t 2828283 ST aF S=82=8228==§8_:8=232832 = F % % % % 5 gumz 3| B oy ¥ : i 1003 101 1077 107% & 28283388 355553 = awe E 5 B s::s:;é_i:_i_:s: F5E 25383222523 38! % g33z3EEEs =S5egsseesasts =SE183:38588% e 223238388 FSEEET T 2Snss s 232 5305385 ses! F=gusne; 3=u%2TI2SFS22BI3TT 3233 FEFE EE s totre vasotmorasctors bl 5 o0 seo-sooinmems o Bulie ST 2 L - o ey o & Ko it & —arsokie 223 were |~ = NEW YORK CURB MARKE Not’—-fl stocks are m those stocks to —Pm 1990.~ Hich. ividend Rate. 9% 34 Alf Investors v.ite.., 9% 4 Allegheny Ga: 356 210 Aluminum Co of Am 99% 97 Alum Ltd cu pfinew) 6% 6% Amer Austin Car. .. 12% AmC P&L(B) 20% Am Com PiA) 344 Am Cwith P(B) 17% Am Cynam B (1.00), 104 Am Gar & Elee ¢11), 52% Am Lt & Trae (2%).. 1% Am n Ga ki ATk Nnouu), 304 Asso GAE A (a12.40) 4 Asso GAE (A) db rts % AtlanticFruit & Sug. 13% Atlantie Secur Corp.. 15 Atlas Plywood (2).. 3% Auto Voting Mach. . 124 Aviation Credit..... 214 Bahia Corp... 1574 146 Bell Telof Can (8) 6% Blue Ridge Cp (40s) . 33% Blue Ridge cv pf(u3) £3% Brazil Trac & Lt(h2) 8% Butler Bros (30¢ " & Balaemran~ 264 Carnation Co (;1%) 12 Cellulold Corp. ..... 3 Cent Atlantic States. 264 Cent Pub Sve. Del... 25 Cent P8 (A) (31.75) 19 Cent States El(k40c) 21 Chain Stores Dv. ... 9% Chain Stores Stock. , 17% Chat Ph Al nv (50¢), 177 Chem Nat Asso n-v. 2414 Clties Service(gaoe). 7% Cit Sve pt B (60¢)... 88 Cities Brvo pt (6). P NN O s 34 Com‘with & Sou war. 1 114 Comm Wat Serv b6 % % Comstock Tunnel. .. % Consol Auto Mereh.. 8% 3% Conasol Copper. . 19 12 Cons Dairy Prod (3). 136% 90% Con Gas, Balto(3.60) td 5% Con Retail Strs (1).. 80 7L Contl Shares pf (6).. 50s 70 Contl Sha 6 Cord Cor; . 6% Creole Petroleum. .., 30 Crown C&S pf(2.70). 1% Curtiss Wright war. % Cusi Mex Mining. ... 2% Dayton Alr & Eng... 2% De Forest Radl 9% 3% Detroit Afreraft. 56% 81 Dresser(SR) A(3%). 140 Duke Power (j15)...150s m) 17 7 Duquesne Gas Cp w.i n 7 2% Durant Motors...... 44 18% Eastn Sta Pwr B(1). 95% 921 El Bond&Sha cu pf(6 117% 0% EIl Bond & Sh (b§ 100% 108% EI Bond & 8b pt ( 8% 28% BEles Pwr & L op war 8% 6 Empire Corporatio Gold. 113 - AR RN~ % 8% 8% 3 4 27 1 96 259 178 104 Ford Mor.Ltd 37 3% 2% Fox Theater Cl (A). &P 200 ulu nm anlfon-lhlnn. 122 13 Houston Oll of Texas 7 Hudson Bay M & 33% Hydro Eleo Sec (2) 81% IndianPLn (12%).. 26% Ind Terr 111u Ol tA) 16 Insurance 8ec(1.40). % Intercontinent Peta. 17% Inti Petroleum 1) 6% Internat Util (B). 6% Interstate Equities.. 8% Italian Superpwr A.. 15% Kilelnert Co (2% ). 18% Knott Corp (a2.40) 3% Lakey Foundry Lefcourt Real(t 3 H e RN N S o B E 8 hundred-share M(llul by lhl letter s (80s) to be sold in odd lots Bales— Add 00 mu' High wow Close ) 12% 12% il lllh 113% 1134 5% 5% PUB(6) 26s 80 A< 9% I 107% 10196 ID"‘ 107% 0% THE EVEN b n:_ '“0% 30 LenC enly. Loutsi (2508) % % 220 97 L) 15% 218 4 19% 8% 4% 220 97 % 1% 21% 44 20% 4 3% 4 Lo l% 15 Miss K < 457 N J Zing % 1600 usm K etligtd 8% 404 19 6% 36 9 9% 4 au Peoples Pitney Polyme Pure O1 Rain! 8t Anth 12% 12% St Strauss Ro % 27T% 2% 21% 95 9% W 9% 764 7!‘4 2 206 200 128% 122 18 17% % T 5% 35% 3% 31y 15 % 18% 12% % 8 206 120% 17% ™ 36% 1% 314 15 « % 18% 120 L) H Dividend rates in 15 |*nual ayment. 21 4% 15 15% 21 in . ;.lllutm-nl 4% 15 Mavis Bottling. Mead Johnson ¥3.15.. Memphin Nat Gas. Mercantile Stors (5). Mia Wat Uil b8% ). Midland Nat Gas (A) Midvale Co (4)...... Mo'Ran P L (b10%). Nat Fam Strs (23) Natl Food Prod (A) Natl Investor: New Eng Pwr pf (6) Newmont Min ( North Am Cement Nor Am L&P of (6 Pac Pub Sve (1.30).. Pae Western Ofl. ... Param't le“‘\ . Pennroad Corp (20c) Pilot Radio Tube(A) Plymouth Ofl (3). Prince & White(25e) Pub Utll Hold w w, , Pub Ut!l Hold war. . Rainbow Lu Prod A. Rike Kumbler (2. Safety Car H&L (8) TnnanxDLPl.. TwinStNGApt1). Unit Found (b2-35 lh United Gas Co (new) s - Unit Lt&Pwr(B) (1) uul Lt & Pwrof(8). Vacuum 011 (4), Vie Finan Corp (llc) Wfl-l" e-mm- . 2 Unlt of trading lm tock. J Pl 3 . 3R sloek -nu'n“l' o " m NG _STAR, WASHINGTON, Received by Private Wire Direct te The Star Office Stock and Dividend Rate. mn.oml!n new(1.40) ns Lan & Bx. PLvAg..... @ 3 0 (v234) - =3 e uk T eunT e romne aR e o ¥ LD . on 105% 27 16% " T 4 10% 30 % 10% 26 7 9% 1% 4 % 10% 5% 5 34 29 R T T TS T Py L&P. A 22.40 B P. n (200).. t Mew (31). . 1ot (®)...... LuProd B ony Gold 4 8alt Creek Prod Corv of South Penn O11(+2%) 1 8 W Pehn P&L (1).. 50s Stand Inves pfCB%) 8 % Standard M Stand O1l, Ind (3 Stand OIL KY (11 Stand Oil. Ncb.mu) th. . i ] SwibBoss o8 un - Y PTVIPPAVEEN - JOpsorey S KIGHTS. Explre. Johnaon Motor...Aug 26 % Mo Kan Pipe. - * & 1% Warner Bros Pic.Sept 15 278 1% 1% 14 1% Aug 26 20 dollars based on last quarterly or semi- than lfl lllru Stock "t Bl ¥, ey A Plus stock. %e in Meck: s Yu"rn stock. m Plus ko “5 #%|SHORT INTEREST IS DECLARED TO BE OF LARGE PROPORTIONS Bankers Estimate More Than Five Million Shares Will Have to Be “Covered” in Case of “Turn.” BY PRESTON 8. KRECKER. Special Dispatch to The Sta: NEW YORK, August 16.—Bears have overrun the stock market in such num- bers that they are treading on each other's toes and partly defeating their own ends. All signs point to the eon- clusions that the “short interest,” so- called, in the market is one of the largest, if not the very largest, in the | o history of Wall Street. ‘The biggest bears are to be found among the professional element on.the stock exchange but every brokerage office harbors its next of little bears, while ;hlml'lll ;l” hard to find a8 the prover e Because no records are kept, it is ex- tremely difficult to ascertain just how much stock has been sold short. Some bankers estimate that the total is in excess of five million shares, or nearly four times the entire volume of dealings on the stock exchange for some days this week. Borrowed Stocks. AJ & result of the pl"cfll.‘l of nllllll stocks “short,” a regular market borrowed stocks is maintained on tht stock exchange. In that market trad- jort” borrow the stocks ulre for delivery to the buyer res. In other words the man hort” sells what he does not own nnd borrows to fulfill his contract. cent for the month, as compared w. S0t | st yenr, with shipmente. deelinin obtain shares to return to the broker from whom ‘he borrowed them. One of the signs of [y heavily over- sold condition. in the stock market is the strong competition that has de- veloped in the stock loan crowd for borrowed stocks. That competition never has been as keen as it is now. ‘The proof ef the keenness of the competition is the larger number of stocks loaning “flat.” It is said to total between 175 and 200 issues. When a stock loans “flat” it means that the floating supply of that issue is scarce, with the result that it is hard to bor- Tow. As an outcome the borrower, who 1s the short seller, foregoes interest on the proceeds of his sale which he ad- vances to the lender of the stock until such time as he returns the shares. In the present instance the number of issues which are in such demand from short sellers that the lendm pay no interest on the mo receive for their shares thr 'LM record. The scarcity M borrowed nmk- 1s due to the fact that borrowing has been very heavy. Difficult to Borrow. a few instances an serious condition exists. lhom Ind ll s0 difficult to borrow stock that they not only forego all interest on the besides m::or “’lnhn-t mmt.hclr money ‘mally they ceive. Under such m‘x il”l; ly seen that being short of a stock short seller to buy his stock at & sul thl: at which g‘“fld ‘?llnuflb S 18 unusual to see & dividend pay- muhl;l lun' “flat" I:Id Meulm- see it loaning at a premi A well known investment Il’dtdlw“:‘k now loaning “fiat” is Atchison. United States Steel common, normally easy to borrow because the floating mpp 18 large, is Joaning for 1 per cent wi :nlhe nol'mllunlé of money rate, which present is 2% per cent. American Can is another bopular issue loaning at 1 per eent. Nnrly every railroad atock on the list loaning “flat.” That is beca the 'fl';l-l’.llnl .“plnll’ ofd 'l;)gm l!:il normally an refore the: harder to borrow than the mdun&uh (Copyright, 1930.) — CEMENT PRODUCTION. By the Associnted Press. ‘The Mines Bureau reports Portland cement production in July amounted to 17,080,000 barrels. The industry shipped 20,147,000 barrels from the mills dur- ing this period and had in stock at the end of the month 26,298,000 barrels, Production showed a decrease of 1.4 per per eem Stocks, Righer, , however, were 1. P‘r ‘SATURDAY, inatances Gay of & well-known stock premium 15 Southern Railwdy. rowers of that stock are day per hundred shares D.C. STANDS FIRST | = INAVERAGE WAGES Wyoming Is Second and Ne- vada Third, Says Busi- " ness Survey. Special Dispatch to The NEW YORK, August l!—'l'he Dis- triet of Columbia stands first among the 12 leading States in annual aver- age wages pald with $1,645, says the business survey department of Wor- rance, Sullivan & Co. Wyoming is second with $1,627 and Nevada third with $1,618. The 12 leading States showing & higher average n the m‘(or the entire country are as nhtrlci of Columbia w, ny California . Idaho New Jersey The East North Central division of States, which includes Indiana, Wis- consin, Michigan, Illinois and’ Ohio, showed the highest average annusl wage of the six great geographical sections of the Unil Sta Flint, Mich.; ‘Miami, Fla, and ‘Youngstown, Ohio gy the highest average_snnual indusf in the United States, while nine other cities ith | having populations of 100,/ 000 or better 0.8 | show an aver: w.;e excess of $1,500, com) o the UNM States average of l.IW. STOCK AND BOND AVERAGES By the Asseciated Press. AUGUST 16, B C, ON AGTIVE BUYING Rail .Group Featured in Ad- vance——Second Grade List Is Strong. BY F. H. RICHARDSON. Special Dispatch to The Btar. NEW YORK, August 18.—Bonds ranged huher \odu, with the high- grade grou to new high levels. At 4! retained their new high mark and there was also active buying of Canadian Pacific 4s, Union Pacific 4s, Chesapeake & Ohlo 44s and Western Union 58, Convertibles ranged a little lower, the most active lelllnt coming into Alleghany 5s, New Haven 6s, Chicago & Northwestern 4%s and Warner Bros. Plc-}ur)es o f all kin f -grad uying of al ds of high-grade issies was accelerated by the marking up today of a number of municipals traded over the counter. Bonds of a lower grade, such as Sin- | cp, clair Oil 7s, Phillips Petroleum 8, Richfield Oil 6s, Armour of Delaware | Cn 5'%s, Goodyear 5s, Rock Island 4158 and other second-grade carrier descrip- tlons, were also sttong, -but trading in these was in more moderate proportions. In the foreign department French issues were the feature, both the 7s and the 71;s being turned over in mod- erate quantities at unchanged prices. The Street has it that Paris is still buying heavily of these two issues. German 5';s were stronger and so were n Austrian 7s, though the political cam- paign in Germany and the general un- rest in the Eastern German provinces and in Austria over proposed treaty re- visions have recently caused selling in both issues. Rome 6'4s were strong. Jgpanese 6';s advanced fractionally to a point close to their best level of the year. Royal Dutch 4s were again strong. Volume was extremely small, even counter trading, which has been brisk for some weeks, tapering off on the week end. T T T A BALTIMORE STOCKS ‘BALTIMOR.I Md., August 16 (Spe- cial) Last sales. W Elec. 3 U8 Fudelity & Ou CHICAGO ST( STOCK MARKET By the Associated Press. OHICAGO, August 16.—Follow the complete cm:m lm of trai in ks the C! & Po xsunuea Rwy & 80 Banco Kentug 380 Bendix. Aviatlo 3000 Urhham Trad &nz 11l Bub S S5C82RERS. 2 - FEEE SRFEESSE 333, ¥emsssunes C ;’.. -g1385%: 2 i ,‘9 g2 ne til 0300 Tnsuil O ‘i aiid Be Iron Firem: 90 Jefteraon, fl £ S S R L IERBESNESYS! & F S a!‘-E:t:S;S:'.:-:S is Nat '8tk Yds 250 !lnl m: vlltc Total bond salse toeu 31,000, 1900 Tasull & 48 1013% 101% 101% DIVIDENDS DECLARED NEW YORK, August 16 (#).— Re, Comnan: > 1 TP E Bressirts > 58 § apzeeE ST 8382 D R e 8 SATURDAY, AUGUST 16, 1930. BONDS ARE HIGHER | ON NEW: YORK FINANCIAL %MEQNPS—_%:' UNITED STATES. mm- 8 8re in $1400) h. Close. fl 100 29 100 29 100 29 8 1024 1021 1021 15 10230 102 30 102 30 6 10129 10129 10129 FOREIGN. Argentine §s. Argentine 83 Argentine Argentine Argentine Australia 4% Australi N BB NE RN NR - LR AN DA RE - Donmark 5% DE15%s, Mch, ll. "= Gelsenkir Min 65’34 Ger 6% 5'30-'35 rots. B 2SS merma mnan P Jugoslavia Bank 7s Kreuger&Toll Ortent dev 5% &I Paris-Lyons-M Paris-Ly-Med Dermnre - RRe N » 0Bon ~ ® atNos 8o - - o MR W MllclLLAN!OU Abitibl P&P Armour, Del,b3% l'll ‘Tel Pa 68 (C) Cuban Am Sugar Det Edison ¢ Dodge HumbleO& R l‘l 1 Intl Mateh Montana Pwr db Nat Dairy §3% - BeoaldnBrnnnrr nBnmmnd non (Inited Drug 8s 83, N 8 Rub istrf 8s.., - % P urRReS el el cape—e » A1l ISIENS OF BUSINESS! - PICK-UP ARE SEEN | Several Lines Expected to Chi Ind & L ref bs. . ChiMIIStP&P 5875, CM&StP Pac adj bs. Chi & N W & I1Kl &Prt cthlnvnfi Ch Rk Isl ¢%8 A Col So4%sA .‘. Del & Hud cv §s '36. *16(D). Grt Nor 438 (E), Gt Northern §i Grt Nor 18 Great Nor g Hud Kan City F't 8 ¢s. Kan City Sou bs Kan City Term 4s. l;llkl Snore Mich Cent 4%s 19 Miil El Ry&Lt ¢ Mill EI Ry&L 68'6; MK&T4%87s... M K:T prin bs(A) H. Pae 53484 ev. Montreal Tr 5sB'55. NOTex &M 5% Chi&StL 4%s'18 C & StL 65’31 C &StL 6s "33 722 22722 MOS0 z NYOnt& Wist4s N Y Rallway Norf&Sou gn bs’S Nort & Wn con ds. Nor Pacifia 3s 3031 Nor Pacific 4» Nor Pac 434s 2027, , Nor Pacific ref 8 Ore Wash 1st és. ... Penna eon 43| Pere Marq 1st 5 Reading 4%s B. RIArk& L 4% StL IM&S R&G & StL & SF pl 48 A 101% ‘101 100% 100% 99% 99%, 1% 2% Union Pae 1st Union Pae 4% Markets at a Glance et at new 1930 low. ncreasing receipts and Sugar, holiday. fee, Wall Street Briefs Tidewater Ol Co. has purchased the business of Little & Coffin Oil Co., of Portland, Me., thereby acquiring 12 bulk plants, 21 service stations and more than 600 retail dealer outlets, A table of 51 chain store companies results for the first seven month: this year, as compiled by Mer- rlll, Lynch & Co., shows aggregate sales of $2,266,371,021, an increase of 3.21 per cent over u,m 810,684 for the cor~ responding period last year. r been incorporated in . ‘The company, b nd properties to be ac- freight from New through the New York Barge Canal to Great Lakes ports. FOREIGN EXCHANGES. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or paz). " today. ndon, Bound SHORT-TERM SECURITIES, (Reported by J. & W. Selisman & O6. n-zl ayia: r- Show Substantial Gains in Near Future. BY J. C. ROYLE. Business is gathering momentum. The pick-up of the business machine has been slow, but it is now moving at & pace which it will soon be difficult to check. Merchants are approaching the time when buying is heavy, and they' are making preparations for aetive (pera- tions. Their shelves are not empty} but lightly burdened. They know th\: it is as costly to be without goods \\ien the public wants them as it is to\ be overstocked with goods when the pullie will not buy. Their preparations to replenish stocks are having a direct effect on the manufacturing and distri- bution fields. Clothing Needs. 3 Within the next month millions of school children and college students will have to be outfitted. It is a con- servative estimate that every child under 12 years old has at least $10 spent on school outfits each Fall. There are some 24,000,000 boys and Pr in this country between the ages of 8 and 18, and the total expenditure for school and college outfits this Fall s ex- pected to exceed $350,000,000. This is a consenluve estimate, Some 175,000,000 pairs of school shoes are made each The textile mills, the cotton and wool and leather pro- ducers, the clothing trades, book pubi- lishers, printers, paper manufacturers and & score of other lines will benefit, s well as the retail merchants. To a large extent these expenditures are compulsory. Even if the purchases are reduced to bare necessities, the aggre- gate will be Iarge, and the volume of money put into commercial circulation will be great. Melnt\me the steel mills are run- ning at fairly satisfactory rate. The volume of public work construction is growing constantly, although attempts to put life into home building have given few d{m of success. The tem- porary which was given the automobile industry by the shutdown of some of the big plants is now prov. ing its value. Stocks of cars have been reduced and production has been brought well in line with consumption. Radio Trade, ‘The radio trade is looking up, clally in the export division. Fo sales are most satisfactory to producers, and the prospects are for a b&h:olume ot mul.ne.u later in the year. elec- uipment manufacturers are dolnc splendidly and each is adding new products -in order to keep pro- ducing and salesgforces fully employed. The anthracite’ and bituminous coal ptoduun are doing only mode; well, despite the demand lor coal w] has ited and the coal pmduun are likely tc have to fight hard for thel i domestic mukm the coming Wintel ¢ production is [ndudl.v decreas- w, vhllo gasoline consumption con- it record heights, but uulhr llaekl lflll are of hule it is in & saf ral developments -n sure to lub ‘llt h«';:v.ever. before the close of year. Low prices for non-rmu metals have not stimulated buying t- o Dfiuttl! uwd“ w‘u;hghclmmvl:r‘ dl iction jual " hnical position of copper/ leac .M “c (Copyright, 1930.) I Baltimore Markets lmm thluh to The Star. toes, 'mu 100 pount 22.25; barre). beans, ham) 5084.00. llfl crate, 1.2582.00; Defll’“l‘ % 008 hamper, w.-:f' black! cantaloupes, _hamper, art, 16a22; termel 10¢, Poultry, Illve——chlclenl Springer: und, b r;l: zly' ens, 15a22; ! lr;"lo!lu; Ducks, 11a15; pigeon: air, 15a: » Receipts, 960 cases; nearb. firsts, 23; Southern frsts, 22, Butter—Good to fancy creamer ; Ladles, 28a20; s, 2 , 3215833; stere packes, ——————e MANUFACTURING PLANTS WILL BE CONSOLIDATEL Special Dispatch to The Star. BALTIMORE, August 16.—The tv . large m-nu!leul plants of ti Crown Cork & Seal Co. here will | consolidated vlt.hln a short time, a’- cording to F. E. Fusting, vice who sald the new location will be ¢ Highlandtown. besn ocuied a? Fifnimndiowt and 823,000 square feet of ‘manufacturir- floor mee, wlth ample ground for fu ussing the 'consolidation, M' |d' “Our plans contempla* ite grouping of all manufac turing operations in our thlandtow plant, which will effect er econc mies in operating costs. “We have expended more than $500 000 in plant improvement at our mxl‘ landtown plant this year and will lat" group all our operations there. Th llnt, the largest and most modern i kind in the world, has railroad sic - lncl on two levels and track connectior for all railroads out of Baltimore,” INVESTMENT TRUSTS NEW YORK, .August 16 (#)—Over- the-counter market: , Sen Seour 6% ot il Shar iod Tistee B thg ul Bid. Aske’ Amer 4 M Assoc Diversi Diveraifte lec. Elec Lt & Pos Others unchanged. NEW YORK BANK STOCKS NEW YORK, August 16 (#).—Ove:- the-counter market: o 55855550,