Evening Star Newspaper, September 21, 1931, Page 14

THE EVENING STAR. WASHINGTON, D. C. MONDAY, SEPTEMBER 2%, 1931 FINANCIAL, BONDS ARE FIRMER | (== som BONDS o cues] PLANT OPERATIONS INLATE DEALINGS \TEDE {STEABYINAUGUST U3 T YT % lActivity of 3,800 Factories Offerings Are Absorbed Shortly After Opening. 100 @H in U. S. Held at July A—14 maxw ‘FINANCIAL, INSURMNCE REFORM | NEW YORK STOCK EXCHANGE PROCRAN IS URGED| —— = —1031—, High, Low. 8% Kansas City Southn. 11% K'mann Dept Stra(1) 9% Kayser (J) &Co (1). 1% Kelly-Spring Tir T4 Kelly-Spr T 8% pt, 5 Kelsey-Hayes Whe: 6 _ Kelvinator Corp..... £20 " Kendall Co pf ( 10% Kennecott Copper (1) ] ele: Humble Ofl §5 '3 T L0 10% Tout Close. | Humbie O 5148 5101% 101% 101% 3102 6 Hungary T4s'¢d.. 1 34 34 54 3 102 261 111 Bell Tell 104 1 104 23 | 111 Cent 4% * 9910 99151111 Cent 6 £931 100 14| 101 cC 101 6 101 13! 1] Sree 48" 10111 102 14! Inland St 4165 101 8 101 20| Jnlend St 41 1 6104 6 int Rap Tr 5 16528 106 14 | Int Rap Tr & 110 5 11010 | inc Rap Tr 6s Net. Close. Chge. ™ - W 52 7 9% 324 10 ~1981 * Stock and High. Low. Dividend Rate. Net | 25% 63 Republic Steel...... Dividend Rate. Add 00. High, Low. Close. Chige. 7 " Reynolds Metls(1%) 187 10 8% 8% —2% 39% Reynolds Tob B (3).. 4 11% 11% 1 Richfleld O11. 0% 9% 214 Rio Grande Ofl. 13 Ritter Dent Mfg 1% x 12% Rossia Insur (2.20). 13% Royal Dtch(m2.2789) 38% Safeway Stores (5) 86 Safeway Strspf (6). 4458 98 Safeway Stra pt (7). 170 Sales— Add 00. High. Low. 8 Th 6% % 40% — % 1% 3%+ U 1600 99 17 92 100 18 141 101 16 87 101 2 45 18 24% 34 26 Commissioners Told That Bad Practices Should Be Promptly Ended. —23 +2 U S33%s43-47. UK 3% s« 46-56. USas44 Ug4y +1 > H Level. BY ROLLIN M. CLARK. Bpecial Dispatch to The St PORTLAND, Oreg., September 21.— Just as the leading five insurance com- panies were announcing in the East that they have organized an associa- tion to be directed by & dictator or “czar,” George 8. Van Schaick, super- intendent of insurance of New York, was telling the National Convention of Insurance Commissioners, session here last week, that unless the com- panies co-operate to end bad under- writing practices drastic legislation will be enacted. The creation of an in- surance executives’ association is likely to obviate the latter alternative. No speaker im, recent years has so aroused the State insurance commis- sioners as did the New York official. Mincing no words, he told his col- leagues from 35 States of the Union that public interest demands elimina- tion of rate cutting, rebating and the payment of excessive commissions, now being done by some insurance carriers in their competition for business. Urges Concerted Action. “The evils of the insurance W\:I!ll which are many and widespread.” he faid. “could be tremendously reduced overhight by the concerted action of the insurance companies of the United States, If they have the will to do it, they can do more than any legislation, no matter how drastic. Yet if they do not exert the power they have, it is clear that legislation, radical and sweeping, will become inevitable. Pub- lic interest demands the elimination of e evils.” m;(r..vVln Schaick made it clear that he was not bringing in a bill of indict- ment against the entire insurance busi- ness. “By and large there is no more able, alert and distinguished group of men anywhere than those engaged in utstandin, iblic_service,” he de- 'é'\‘-ureg His 1gt3r“en lies in cleaning up a situation b‘l;&lmght about by rela- tively few companies. Bt¥l-rem}n!lon of the business is preferable to legislation, Mr. Van Schaick asserted. ‘This warning will unquestionably be heeded, for the com- panies themselves are equally desirous of stamping out all unethical prac- tices. Insurance company executives present at the Commissioners’ Con- Vention were as warm in their praise of Mr. Van Schaick's stand as were the State officials in attendance. gl field the the fidelity and surety flel e ’nsr:rsncc commissioners recently made an investigation of bad practices at the instigation of & prominent com- pany official. The committee in charge of that study has recommended that the companies exercise close scrutiny in avoiding unsound risks in mortgage guarantees and depository bonds and suggested that tbe State commission- ers take steps to compel the companies to refrain from such improper under- writing. Steps to eliminate rate cutting and control _acquisition costs were advo- cated. It was further proposed that an attempt be made to reinsure the full business of any company about to be liquidated in order that all claims may be assumed and paid in 3 With the co-operation and active assistance of State supervisory offi- cials, the insurance companies are now roceed through their (Copsright, 1931.) . INVESTMENT TRUSTS NEW YORK, September’ 21 (#).— Over-the-counter market. Big. Asked. ! 2 Ll it \ &nain Corporate Trust Crum Foster Ins__. & Foster Ins 1% Eauity Invest p Eauity Trust Mg Eive Year Fied Tr 'l Fixed Trust Sh A. Fixed Trust Sh und Tr Shre A.. und Tr_8Shrs B.. General Eaquity A i i tee. 8h ... ckson & Curt Sec pi. aders of Industry 4 Leaders of Industry Leaders of Incustry C. Lo " & Priced Shrs . r_Corp Shrs s Invest Tr Mutual Inv T Mutual Man 53 - 3238.5 L E <Santial EL o = 55 TEFIY Buper of Am Tr iber of Am Tr B Biper of Am 5 O © of Am Tr D Shrs of i3 15 3 3014 Kimberly Clark 2% 10% Kinney (G R) Co. 23% Kinney (G R) Co pf.. 4% Kresge Dept Stores. . 82% Kresge Dept Strs pf. 25 Kresge (S8) (1.60).. 35% Kress (SH) Co (§1).. 8% Kreuger & Toll 1.61). 18 Kroger Grocery (1 97 Laclede Gas pf ( 53% Lambert Co (8) 21 Lee Rubber & Tire. 83% Leh Port Cmt pf (1 3% Lehigh Valley Coal. . 224 Lehigh Valley R R. .. 43 Lehman Corp (3) 22% Lehn & Fink (3). 7. Libbey Owens Glas 52 Liggett & Myers(5) 52 Ligg & Myers B (15) 16! Lily Tulip Cup(1%). 15 Lima Locomot (m2). 22 Link Belt (1.60). . 164 Liquid Carbonic (3 3614 Loew's Inc (3). 2% LoftInc.... 4 40% Loose-Wiles Bis (3). 10% Lorrillard (P) Co.. 2 Loulsiana Ofl 25 Lou Gas&El A 50 Louls&Nashville(5). dlum Steel McAnd & Forbes (2). 23 McCall Corp (23%). 273 McCrory (B) (2). 19% MeclIntyre Pore M(1). 650 McKeesport T P (4). 7% McKesson & Rob(1 814 McLellan Stores. 19 MackTrucks (2). 65 Macy(RH)& Co(n: 2 Madison Sq Garden. . 9 Magma Copper (1). 10% Mallison & Co pf. 3 Manatl Sugar 8 Manati Sugar pf. 13 ManhatElev mod gtd 7% Manhattant Shirt(1) 7 . 1008 21 1 14% Marine Midid (1.20).x 66 1 13 Marlin-Rockwell (2) 2 Marmon Motor Car. . 17 Marshall Field (24) 16% Mathieson Alkill (2) 26% May Dept Strs (2% ) 58 Maytag Co 1st pf (6) 22% Meiville Shoe (2)... 2 Mengel Co....... 22 Met-Gold Pic pf 1.89, 4 Miami Copper...... 5% Mid Continent Petm. 11% Midland Steel (3)...x 1% Minn Moline Pow 25 Mo Kan & Tex pf ( 10% Missouri Pacific.... 29 Missour} Pac pf (5) 10% Mohawk Carpet..... 16% Monsanto Chem (1% 11% Montgomery Ward. . 34 Morrell (J) &Co (3). 3% Mother Lode. . % Motor Meter G & B 18% Motor Products (2). x 7% Motor Wheel (1). 8% Mullins Mfg.... . 30% Mullins Mfg pf (7). 61a Murray Corp. 28% Myer (F E) & Br (2) ash Motors (4) h Chat & St L(3) 83% X 3% 145 Nat Biscuit pf (7) 9% 18% N at Cash Reg A 1% 19 Nat Dept Strs 1st(4) 6% 19% Nat Dist I'rod (2)... 120% 116% 2445 58 94 227 1 41 Newport Co (A) (3). 3 Newton Steel.... 10 N Y Air Brake (1). 58% N Y Central (4).. 15 N Y Chicago & St L. 18 NYChi&StLpf. 130% N Y & Harlem (5) 214 3% N Y Investors.. 94% 36% NY N H & Hart (4) 1 1 9% 95 NYNH&HDI(T) % 5% N Y Ont & Western N Y Steam 1st pi 29% 14% Noranda Mines..... 2r 93 1 0% 47 Norf & Westn (12). Norf & Westn pf (4). 1 413 North Am Aviation. Nor Amer(b10% stk) 7 123 87 60% 23 Northern Pacific (5). orwalk Tire & Rub. rwalk Tire & R pf Omnibus pf (A) ( Oppenhm Collins (3) 18% Orpheum Circuit pf.. 25 Otis Elevator (2%) 124% Otis Elev pf () 4 Otis Steel.... 106 Outlet Co pf (7)..... 2515 Owens 111 Glass (2). acific Gas & El (2).. 691 43 Pacific Lighting (3). o worasseSasioanull R 20 Trustee Bt OIl A .. Tustee Bt Ol Bhrs B Tisteeq N ¥ C Bank Tusiesd Am Bk Bn Oth Cent. Fixed Wo Year Trust 8n United Pixed Shr Uit ungers Bapk 17 n It i A it Inc Tid it Tnt 13 p w A PEREART NEW YORK, ec Lt Parker Faserroot Go. 40 per cent increase in the sale chemicals during the first eight months of 1931 compared with the same period @ year ago, W. N. Cornelius, president, today. He said the improvement 4 ted creased demand from au to leading manufacturer and X ‘business that spray \ o arnuanssZandun o Tesponded to the com- process, introduged in 24 13 Pacific Mills. 48 498 1 13 3 7 9 21 4108 53 4 104 108 12 143 20s 5 10s 127 127 3. 4 6 4 10s 113 113 18 28 k! 33 44 208 13 27% 38Y% 36 42% 13 113 Pacific Tel&Teleg(7) 4205 117% 113 5 Packard Motor (40c) 24 Pan-Am Pet B (80c), 15% Paramt-P(m1.62%p) 1 ParkUtah.....c.... 1% Parmelee Transport. 1 Pathe Exchange.... 3 Pathe Exchange (A). 4% Patino Mines......., 2% Peerless Motor Car., 28 Penick & Ford (1). 2814 Penney (J C) (2.40). Penney(JC) pL A (6) Penn Dixie Cmt pf Penn Railroad (3). Peoples D 8 pf (6% oples Gas(Chi) (8) Marquette Ry.. Pere Marq pr pf (5).. Pet Mk Co......... Petm Corp of Am(1) Phelps Dodge (1).... Phila Conew (6).... Phila Co 6% pf (3).. Phila&Reading C& I Phillips-Jones Co. .. Phillips-Jones pf (7) 9 Philip Morris&Co(1) 4% Phillips Petroleum 7% Plerce-Arrow 14 Plerce Ofl 61 Plerce Ol p! 1 Pierce Petroleum 22% Pillsbury Flour (2) 8 Pitts Screw&B(70¢). 40% Pitts Steel pf. ... 17 Pitts Term Coal pt 10% Pittston Co. ... 5% Poor & Co (B). 18 Pittsbgh & West Va.. 315 Port Rig Am Tob(A), 1% Port R Am Tob (B).. 6% Prairie Ofl & Gas.... 12% Prairie Pipe Line(3) 2 Pressed Steel Car. ... 10: 139% 128% Public Sve N J pf(7). 160% 145 Public Sve N J pf(8). 107% 99 Pub Sve GEE pf (5).. 68% 101% 66% Pure Oil pf (8) . 55% 14 Purity Bakeries (3 of | "27% 12 Radlo Corp.. .+ 1425 29 279 19 60 24% 29% 13'% Raybestos-Man 1. 7% 22 Pullman Corp (4). % Punta Alegre Sugar.. 514 Pure Ofl. g 80 3 31% Radio Corp (B) (5).. 9 Radio-Kelith-Orph A. 45 Reading Rwy (4) 303 208 35 164 5 18 50s 21 32% 12 5 8 1 9 1 52% 110 1 208 12 1 4 1 41 2 46 5 145 04 % 1 130% 130% 145 LELE L REESESS i H 3 2% —5% 9! 9 130% —4% 145 ~10- 104 kst | 28% — % % 6% T4% —4% 18 +2% 13% 85% — % 9% —1% 13% - % 6319 +15 20 124 4 88% 64% 110 11% St Joseph Lead (1).. 8 StL-San Francise 1314 StL-San Fran pf(6) 21 Second Natl Inv. 33 Second Natl Inv pf. 1 Seneca Copper. 4% Servel Inc... 4 Sharon Steel Hoop. 6 Sharp & Dohme. . 45 Sharp & Do pf (3%4). 12% Shattuck(FG) (t1%) 4 Shell Unfon Ofl...... 2 Shubert Theaters 10% Stmmons Co. . 4% Simms Petroleum 6% Sinclair Consol Ofl. . 344 Skelly Oil. y Oil p . 20 Sloss-Sheff Steel p 1% Snider Packing. 13% Socony-Vacuum 70 Solv Am pf ww(5%). 7% South Port Rico Sug. 8814 Southn Cal Ed (2)... 215 Southern Dairles(B) 554 Southn Pacific (6)... 17% Southern Rwy (m6).x 45 South Ry M&O et(4). 18" Spalding (AG) (1).. 108 Spald (AG)1stpf(7). 4% Sparks Withing (1). 2 Spear & Co 10 Spencer Kellog(80c). 6 Shicer Mfg. 20 “picer Mfg pi 4% Splegel-May-Stern.. 14% Stand Brands (1.20). 118 Stand Brands pf (7). 24 Stand Comel Tobacco 43 ~ Stand Gas&El (3%). 48% Stand Gas&El pf (4). 75 Stand Gas&El pf (8). 95 Stand Gas&El pt (7). 1 Stand Invest Corp. .. 31% Stand Oil Cal (h2%). 99% Stand Oll Exp pf (5). 8% Stand Oil of Kans: 30% Stand OfI NJ (12)... 9% Starrett(LS) (12%). 1% Sterling Secur (A). . 23 Sterling Sec cv pf(3) 4% Stewart Warner.... 164 Stone&Webster (n2). 10% Studebaker Co(1.20) 109 Studebaker pf (7) 30 SunOfl (11).. 94 Suri Oil pf (§) o 20 Superheater (23%). % Superior Oil.. 6 Superior Steel 11% Sweets of Amer (1) 16% Telautograph (1,40). 31 Tennessee Corpn. 8 Texas Corp (2)..... 24 Tex Gulf Sulphur(3) 21 Tex Pacific Coal&Oil 6 Tex Pacific Land Tr. 5 Thatcher Mfg Co. 28% Thatcher Mfg pf 3.60 15 - The Fair (2.40). 15% Thompson (J ; 7% Thompson Prod 1.20. 2 Thompson Starrett. . 24 Thomp-Star pf (3%) 4 Tide Water Asso Oil. 4 Timken-Detroit Axle 261 Timken Roller B(2). 1% Tobacco Produets. .. 7% Tobacco Prod A t95¢ 5 Transamerica (40¢). 5% Transue & Will (1). 4% Tri-Contl Corp. 85 Tri-Contl Corp pf(6) 28 Trico Products(2%). 3% Truax Traer Coal Co & Truscon Steel (60c). 5 __Twin City Rap Tran. 5t Ulen & Co. 31 Under Eil Fisher (4). 8% Union Bag & Paper. . 39% Union Carb & (2.60). 12% Unfon Oil of Cal (2). 110% Union Pacific (10) 70 Union Pacific pf ( 16% Un Tank Car (1.60, 16% Unit Aircraft. . 46 Unit Alrcraft pf (3). 28% Unit Biscuit (2).... 110 Unit Biscuit pf (7).. Unit Business Pub. . Unit Carbon. . . Unit Cigar Store Unit Corp (76¢ Unit Fruit (4)...... Unit Gas&Im(1.20) Unit Gas&Im pf (5 4 Unit Plece D W (2 Unit Plece DWpf 6% 110, U 8 Distributing. ... U 8 & For Sec pf(6). % U S Freight..., . U 8 Gypsum (1.50).., Realty & Imp(1) Hubbe: United Stores pf (4). Unlv Leaf Tob (3).. 984 Unlv Leaf Tob pf(8 1% Univ Pipe & Rad. ... 10 Util PEL(A) et2.15. 8% Vadasco Sa. oW 6 Chem pt (7) s 10 A" — % | of bonds offered by European investors. “— % % + % A 1% 108 60s 23 o AR, -109210815% UnitCorppf (3).... 52 42 5 s C: 984 Va Elec&Pwr pf (). 1108 15 ValIron Coal & Coke. 2508 32% Vulcan Detin (4).... 610s 90__Vulcan Detin pf (7) T2% 106% 80% 30 16% 6 Wabash RR. . 14% Wabash RR (A). 21 Waldorf Sys (1%).. 4 Walworth Co... 2% Ward Baking (B). .. 24 Ward Baking pf (7). 4% Warn Bros Pictures. 5% Warren Bros .. 13% Warren Fd&Pipe(2). 12% Wesson Ol1&8no(2). 47 Wesson O&Sno pf(4) 87 W 4414 Westinghou 5% Wsthse EM 1st m3% 8% Weston Elec Instru.. 13 Westvaco Chlor (2).. 11% White Motors 25 White Rock (143%). 31 Wilcox Oil & Gas. 20 Wilcox Rich A (214). 2 Willys-Overland. 1% Wilson & Co 24 Wilson & Co 21 Wilson & Co pt. 50 . Woolworth (2. 25 Worthington Pum 66% Wrigley (Wm) (4). 13 Yale & Towne (2)... 5 Yellow Truck.. 20% Yellow Truck & C pf. 14% Young Spr&Wire(2). 25% Ygstwn Sheet&Tube. 1% Zenith Radio....... 8% Zonite Prod Corp (1) 558 26 3 17 27 50s 108 14 2 2 34 A Sales of Stocks on New York Exchange. 0 AM..... P.M. 3,700,000 =} 1,100,000 12:00 2:10 P.M, oon above ta) Torulr ace S50k S B 4 “,l BY F. H. RICHARDSON. o f‘/- Special Dispatch to The Star. - % NEW YORK, September 21.—Bond + % | prices of all kinds dropped sharply in + % | absorbing heavy offerings in early trad- | Aljegheny 5 E Abitibi P&P 5553, Ab& Sth1 " Adams Exp 45’48 20 | Alleghany Cp s * Allegheny 55 '43 50 — t%|ing today and then firmed as support | ajlis-Chalm s ‘37. —2%| came into both the bond and stock markets. The recoveries were not large, -8 | but were spread throughout the list and were taken as welcome assurances -% Zxl -1 -2 —1% | stock exchange in ~the lcluud for the day, New York, that the British crisis would bs with- | stood without any tremendous dem alization of the investment market. Since virtually every other important world was | from | or- the opening, had to bid on large blocks | The results were breaks of 4 to 10 = x points in foreign dol'ar obligations. Jap- | anese issues, for instance, dropped over 5'; points at onestime. oft German Government 5',s were 3 points lower. ‘'he obligations of Belgium dropped 4 fo 6 points. Prench government issues —1% lost more than a point. Italian issues 14| Were off 2 to 5 points. o It was significant of the banking 1113 | support accorded British securities that | 4214 | Great Britain 514s opened unchanged ! and later advanced a point. +2 In the domestic -2 list early losses | ranged from 3 to 5 points in conserva- %%/ tive bonds and from 6 to 10 points! - % - % in speculative bonds. selling tapered off and were active. — % | respord to the domestic bonds. Sterling _quotations, which After the first hour and & half the | rgain hunters Foreign issues did not rally as quickly as did opened | % |around 4.20, against Saturday's close ~8% | of 4.841;, dropped as low as 3.75 at —3% [ one time, and this brought weakness in —9 | Canadian do r quotations. Excha —3%| on Montreal nge as offered at 3!; per — % |.cent discount, and at one time -there — % | were no bids for Canadian dollars. As +1% [a resulf, Canadian government bonds — % | droj 2 to 5% points. Later, how- — %] ever, a firmer tcne in both stock and + % bond quotations developed, and the of 1952, which had sold as low as —1% | recovered to par. —1% | selling in high-grade bonds. -1% | States Government +1 — %|and the 3iis reaching close to 58 9%, The liquidation brought out distress United long-term bonds dropped 10-32 to 20-32, the recently is- sued 3s going 99 10-32 at one time par. - | Even municipals dropped at this stage — %/of the selling, -{ swiftly. but Jater recovered In corporation bonds Atchison Gen- + % | eral 4s dropped 3 points at one time, — 1 | but later retraced part of the loss. The same was true of American Telephone 9% — % | 58 and other high-grade utility bonds, g | but — %] were in most cases extended 14 | later trading. -1 + W & 3.‘ SALES. +1% | Potomac Electric 5% ~ 1| 5 at 110. — 13| Washington Rwy. & Elec. pfd.—10 99, 5 at 99, 10 at 98%5. —1 | American Security & Trust Co.—2 | 316, 3 at 316. — 4 | Union Trust Co—5 at 200, 5 at 200. + at 7915, 10 at 79, 10 at 79, 19 %| 7815, 10 at 78. =1 | Mergenthaler Linotype—10 at 74. —2% AFTER CALL. ~1% | Washington Medical Bldg.—3 at 90. American Security & Trust Co.—2 316. Washington Gas 6s “A T %|'Washington Gas 6s “B"—$100 at 10: + % | Peoples Drug Stores pfd.—5 at 101. S pe—10 at 72%. ‘Washington % | Lanston Monotype—10 at 80, 5 at 80, the junior railroad list early in 1| Washington Stock Exchange Potomac Eletric Cons. 55—$1,000 at 105. % ptd.—10 at 110, at | at 10! at. at *‘;f; Mergenthaler Linotype—10 at 72%, 4 at 72 Bid.and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 415 '3 Am. Tel. & Tel. ctl. tr. 13 | Anacostia & Ro! 1 | Auacostia & Poi. 1C & p. Tel. of * | Capital Traction R —2% | City & suhurnln’h s i 31as . C. per % “Clu‘r W. M. Cold Storage 5. STOCKS. PUBLIC UTILITY. ). @ Barber & Chevy Chase N. & W. Pot. Elec, Power 6 Pot. Elec. Power 5'a% b Wash. Rwy. & EL com. Wash. Rwy. & El. pfd. NATIONAL BANK. 1 ed.-Amer. N Liberty (7§) Lincoln (12)." Metropolitan ' '(14 Riges (15 8econd (9e) Washington ' '(13) TRUST COMPANY. i Commerce & Savings ast Washington (12) otomac (10} . Bav. & Comi. Bk. Beventh Street (12) United States (30) . Wash. Mechanics (2 FIRE INSURANCE. men's National Union TITLE INSURANCE. h) (O MISCELLANEOUS. Barber & Ross, Inc., com... Col. Medical Bids. Corp. (6] Col. Band & Gravel pfd. (7 O- Faper Mis. ptd Columbia (6] Real Estate 2i0"" 13 110% | Ter. g The_ Carpel Corp. com. (8 W, Mech. Mtge, : Wash. Med, Bldg. Corp. (1j. . 90 rop com. (1.20) 25 Woodward & Lot om. (1 Woodward & Lothrop ptd. (7).. *Ex dividend. bBooks el xi 4% extra. 5% extra. Inquiry «for Steel. 106 NEW YORK September 21 (P).— ‘There were further indications improved inquiry from of an for steel. today alroads T Chesapeake & Ohio is ‘The ~ % | inquiring for 55,000 tons of rails, Chica- & Northwestern for 30,000 tons and 2,700,000 + 4,000,000 jven in the 5 EheTaekie arORY” otsble, are, the amnun Plus r rate. i Erie for 26,000 tons. PARIS BOURSE PRICES. PARIS, per cent loan, 104 fran not. mu\ Am Beet Sug 65 '35 Am Chain 68’33, Am F P 552030, ... AmIGChbis 49, Am Intl 5184 Am Metal 5%s Am S&R 1st 5. Am Sug Ref 6s " 47 9 29 115 . 102 105% 6. 14 106% Am T&T 585 £'60.. 57 105 Am T&T 5%s'43... 52 108% Am W Wks55'34.. 4 99 Argentirie May '61. b4 3514 Argentine 6sJu's9, 12 3515 Argentin 3515 Argentin Argentine Atchison gn 48 '95. Atchiscv 4148 '48.. 51 106 Atch Ariz418'62. 3 97% At Gulf 58 3 43 Atl Ref db 5s 8 102 Australia 4198 '56.. 16 32 Australia bs 33 37 Australia 58'57.,.. 36 374 Austria 78'43..... 55 1001 B&O4s* B&O4%s'3 Ocv 4 1st 51 rf58°95....0 5s D 2000. [T A P&WYV 48’41 Bk of Chile 6%s '57 Batav Pet 4% Belgium 6s 55 Beigium 8%s " Belgium 78’55 Belgium 7s Bell Tel Pa 53 B"48 Bell Tell Pa 55 C'60 B Ind Loan C 6546 Berlin Cy El 65 '55. Berlin CE 6550, Beth Stl pm &s '36. Beth Stlrf 5%s'42. Bolivia 7s '58. Bolivia 78769, Bordeaux 6s '3 Bos & Me 58 '5! Brazil 61s 26 Brazil 6158 '27 Brazil 88 '41, Bd & Tth Av 55 '43, Bk Ed gn A 5s'49.., Bklyn Elev 615 . 5 33 Bklyn Man 6s '68.. 277 9414 Bklyn Un 1st 58'50. 17 105% Buenos A 6s'61 Pv. 23 Bush T Bldg 55'60, 2 Calif Packing 55'40 2 60 36 n g Can Nat 4%s°55... 36 Can Nat 58 July'69. 36 Can Nor 7sdb '40.. Pacdb 4s Can Pac 55 Can Pac 58 '54. Car Clin & O 6552, Cent 111 GRE 55'51. Cent Pac 4349 Cert-tddb 5% Ches Corp 5847 C&O04%s B CB&Qgends CB&Q4%us A CB&Q 1strf bs'71, CB&Q I1dv 334549 Chi & Est 111 5551, . 28 Chi Grt West 45'59. 44 Chi&NW 4135 2037, Chi& NWen4d¥s Shi & NW 6%s°3 Chi RI&P gn 45 '88. 5 83y ChiRI&Prfes'34 59 80 ChiRlecvak%s's0. 9 55 ChiRI&P4k%s Chi Un St 58 '4. 3 105 Chi Un Sta 615 .1 115% C& W Ind5%s'62. 11 92 Chile 65 '60 s Clev Term 4%s'77. Clev Term 58 ‘73 Colon O1l 65'38. ... Colo & Sou 4% 3°35. Col G&E 558 May'52. Col G&E cou 5561, 23 Com Inves5%s'49. 42 9514 CCMd1strf5s'50. 8 25 145°51..122 101% ConG N Y 5%5'45. 37 106% Con Pwr Jap 63s..., 4 704 Con Pow Japan 7s. 1 78 Consum Pow 55 '52. 6 106% Copenhag 4%5'63.. 5 85 Copenhag 58 °52... 16 90 Cuba 5%s ‘45 .8 Cuba RRr£ 71483 1 Czecho 85 * Czecho 85 '52 Del Pwr&L 4%s 71 Del & Hud rt 34. Del & Hud ev Del & Hud 5% Denmark 6s 42 Denver Gas 53 D&RGren4s'3 D&RG W 58'55.. 2 DRG&WD5s'T8.. 10 41% | Det E G&R4%s'61. 12 100 Det Edison rf 58'49. 5 1075 Deutsche Bk 65°'32. 7 80% Dodge Br el 63°40. 204 85 Donner St 75°42. ., 9514 Duquesne 4165 '67. Duteh East I Mar. . Dutch East I Nov. Dutch East I 6s'47 Dutch East 1 6s'62. 22 97 EastCSug 7%s8'37 6 114 Erie 1st con 45 “96.. 27 804 Erie con 45 A '63 7 Erie gen ¢s. . Briecv 5s'67.. Erfe 58 '75. Erle & Jer 6 Fiat 7s war.. Finland 5%s '58... Finland 68 ‘4] Finland 6%s '56. Finland 78 '50. Risk Rub 85 '41. Fla E Coast 58'74. Fond J&G 4%s'02. Fram [ D7%s French 7849 French 7%s nk’hen 6s'34.. /5 46 g: " Baking 578 40 59 97% Gen Cable 5%5°47. 12 61% Gen Motors 65'37.. 81 1034 PSv5%s'3d.. 6 95% Gen Th Eq 65'40... 19 German 5%s '65...118 Ger Cen Bk 6560 J 28 '60 0 23 43 German Bank 7 Goodrich ev 6 Good 15t 6% Goodyr Rub 58’ Grand Trunk 7s'40. Grt Nor gn 518 '52 Gulf Mobile &5 '50.. tember 21 . —Thre: cent mma,?'l francs nol?anm.e ve Haltl 6s'52. cs 30 centimes, Hoe & Coflas and the dollar Hud & M ad) bi Hud & Mrf s . 106% 106% 4 1024 102% 71 7 Low. Close. ! 391y 4z 80 96% 55 88 3% 55 1% 98% 114 1143 104% 1054 105% 106 104 1041 107% 99 351 354 35% 3514 5% 69 57% 95% H 997% 997 10:% 103% 76% 93 92% 99% 995, 100% 100% 9 a1 16% 53 T4% 83 83y 9 79% 52% 52y 69 70 105 105 115% 116% 91 23% 58 100 105% 105% 36% 36% 23 221 48% 94 86 8544 38 59% 597 106 106 9 99 9l 91% 9913 994 100 100 83 83% 92% 95 95% 97 28 32 41% 41% 100 100 107% 107% 9% 102 5 102 ki 118 46 965 9615 59 60 | 102 102 93 93 13% 14% 38 64 ” Int Rap Tr7s Int Cement 5s " Int Hydro El 63 44 :2 Int M Co 5s ret'41.. 19 Int Match5s'47,.. 9 Int MM col tr 6s'41 10 Int Pap 5s A 47 6 IntT& T4, Int TET cv 4158 INtT & T 5855, Italy e 5 Italy Pub § 73 '3: Japanese 5148 6 Japanese 61,5 Jugosl Bnk 7 Kan G&E 43 Karstadt 6x '43. Kerd5%s 48 ww.. 1 56% Kresge Found 65'36 4 102 Kreug & Toll 55'59. 22 62 'y 102 63 Lackaw St 53 '50.., 10 102% 102 Laclede 5138 C'53. Lautaro Nit s '54. Leh Val cv 43 2003, Leh Valley 5= 2003. Lig & Mvers 58 '51. Lig & Myers 75’44 . Loew’s 6s ex w '41. 110 984 Long Isirf 4s'49,. 10 93 Lerillard 58’51, 2 874 Lorillard 548 °37.. 36 97% Lorillard 7s'44. L&N 1st 518 2003, Lyons 6s34. McKes & R5%x50. 63 65 ManS1st748%42.. 1 12% Manh Ry 1st Market St 75 "40. Marseille 65 '34. Mex 45 asstd 1904 Mexico 55 A "45. Midvale St 55 Milan 6%s ‘52, Mil E Ry & L 5 MSP&SSM 515878, MK&T4sB'62... MK & T adj 55°67. MK&T prIn 58462 Mo Pacgnds'75... 52 47 Mo Pac bs F ‘17, Mo Pac 55 G ‘78, Mo Pac 5s H '80, Mo Pacrf 5s'81... Mo Pac5l3s A '49., Mont Pow 55 '43 Mont Tr 1st 55 '41. Montevideo 7= '52. . Mor&Co 1st 4%8'39 13 Nassau Elec 45’51, 6 47 Nat Dairy 6148 '48. 262 95% 25 67 NatRy M4 Nat Steel 53 '56 Netherlands 61 '72. NYCgndts’sr., NYCentds'9s.... : 82, . NY Edisn 5s B'44. NY Fd 18t 615541, NY ELH&P 55 4 NY Rys ine 65765, . NY S&W 18t 55 '37. Norf South 55 '61. . Nor & Wn ev 48 '96. No Am Co b3 '61... Nor Am Ed 55 C 69 Nor Am E 535 '63. Nor Pac 3s 2047, Nor Pac 55 D 2047. Nor Pac r16s 2047. Nor St Pw 55 A "41. Nor St Pw 68 B '41, Norway 6s '44. Norway 6s '52. Ogden&L Ch Oreg-Wash 4. Pac G&E 5e '42 Pac T&T 1st 58 P Paris-Ly M 68 " Paris-Ly M 7 Paris-Or 5%s"68.. 1 100% Pathe Exch 78'37.. 15 87 Penn 4% s D '81. Penncy 4%s Penn gn 4%s Penn 5564 Penn gen 5568 Penn 614536 Penn P&T. 4% Peru fs'61. Peru 7s '59. 4 Phil & Read 65 4 Phillip Pet 5% s'39. 14 Philippine R 48'37. 6~ 23 Pierce Oil deb 8s. .. PCC&St L 58 B '75. P& W V4155C60, 30 0 Porto Alegre 8s'61. Por R Am T 6s 42, Pos Tel & C 58’53 Public Serv 4 9 PubSv G 4%s"67.. 20 1021 Pub 8v G 4%s'70.. 24 101 Read gn 4358 A 97, Rem R5%48 A'47.. 44 Rnine West 6852, 6 Rhine West 6553 .. 32 Rhine West 61 '55.. 25 Rhinelbe 75°46.... & Rich Ofl Cal6s'44. 6 Riode Jan 8s°46... 12 RGrDoSul 6s'68. 3 48, Roy Dds 45 ww... 33 StL IM R&G 4+33 ., 5 St L&SF In 4s A 'S0 47 StL&SF4%s'i8. 67 StLSWist4s'sa. 2 StLS W 5s'52 St P Un Dep 58 '72. Sao Pau 78’40 ret Sao Paulo 88 '36. .. Sao Paulo 8= '50 Saxon P W 6%8'1. 1 101% 10 1 100% 100% 18 128% 123 7 53 87y 85% 124 94 1 2% 1% Seine 7542 Serbs-Cr-S17s'62.. 56 Shell Un Ol hs *47, 32 Shell Un Ol 5845, 48 Sinclair Of] 634#'38 18 Sinc O 7sev A '37.. 26 SineCrO5%s'3s.. 9 SincPL6s"42,.... 9 Skelly Ol 5348 '3 £l Soissons 6s '36. 85 101% 99% 98 101% 99y 102% 101 631, 56 5% 82y £8 97 3% o 9% 2! 56% 102 20 9% %5 96 106 123% 98Y% 93 714 Tare) | August figure. |the index advanced 1 | though there was a decline in textiles, Special Dispateh to The Star. NEW YOFK, Sept=micsr 21.—-Manue fecturing activity in ths United States in August maintained virtually the iden< | tical level as In Julr, ascording to Elece trizgl World’s menthly survey and enelrsis of electrical energy consum tion in 3,000 plants scattered thr e jout the country. The current level shows a fractional tapering from evious month end is IS per cent The month's changes in the several | er than a year ago. | §Toups were on the whole remarkably |small, the publication’s survey jcut. “A 6 per cent drop in the fron and steel industry was balanced by an equal rise in metal working. In Auto- moblles, including rts and acces- sories, the index fell another 22 per cent This is an ormal cbln‘;: coming on the heels of an unusual low July fl{ure, it cuts last year's Au- gust index in half. In contrast, paj and pulp rose 17 per cent, recover from the lower values of the preceding two months and overshooting last year's Food products continue close to the record-breaking maximum of July. Rub- berhgroduch did not accompany auto- mobiles in the downward move; instead, er cent. Al #5% it was unusually small for the season 107 land leaves this industry in a position a7y 59 604 124 a8 20 95 2% 4 9915 T0% 62y 614 6214 a 0% ki3 s BN o 34 4 42 108% 20 2R 32 s | o T8y 8 Son | Wes: Un 61 k(3 85 102 31 per cent higher than at the same mn,eh last ’lywru)o % e onl nal average that ine creased from July was the Middle Ate lantic, by 4 per cent. The rise ine cluded food products, iron and steel, metal working, the stone-clay-glass in- dustries (5 per cent) and’ textiles (8 orth Gentral arca, moving up 1 per Aarea, m up 11 cent, but fell severely in New l‘nll.l’n:l: ‘This accounts in part for the 10 per in the New England 3 :_pu'p and Elned. 2lso metal working. The i slightly above lest year, but 4 per cent off from July, with textiles even, paper up and most others down. NEW YORK, September 21.—Today's Stock Exchange commission house let- ters to clients were largely superseded the action of Saturday's market. Several houses, however, sent advices over their wires advising to keep cool and refrain from heir securities, It was also s that several large operators were prepared to cover their short com- ‘lbl:ll-lh and ::t littie, uny further it pressure anticipated. Extracts - from brokerage letters fol- utton & Co.—The British news .'2 blow. It is nd b ] H & i 5 egg L % | Warsaw 78 hanged; ' creamery ;o',‘,ln: extras (92 score), 30; firsts (90-91 score), 28a20; firsts, (88-80 score), 251282614 ; saconds (86-87 score), 23824157 n&;;a;m (90 score centralized 58°37. Third Av adj 55’60, Toho Bl Pw 6s '3 1 Toho, Bl Pw 7555, 21 Tokio 6% '61 Tol StL&W 4 Un Pae 1st Un Pac 45 68 Un Pac 4% Unit Drg cv 58 °53. . Utd King 5%5°37.. U S Rub 1st 58 47.. 32 Un St W 6148 A47. 18 Ud'St WeigsA'51.. 17 Ud St W5%sCs1.. 5 Unit 88 Cop 6s'37. Uruguay 6s ‘64 CUruguay 8s ‘46 Uiah P& 44 Uti] Pw 5853 ww., Util Pow 5%8°47.. 80 Wabash 55 B '76. .. ‘Wabash 58 D . 1 Walworth 63 A '45. 2 Warn Br Pic 6539, 71 Warn Quin v % Warner Sug 7841, 11 58..... 11 Wst Sh 1st 48 2341, 15 West Md 45 °52 1 3 3 36.. 10 Wil-0 1st 6%5°33. . 1 Wilks B& E Ist 5. 1 Wil & Co'lst 68"41.° 15 it Union §s "5 997 [ Wis Cént gen 45°'3¢ 2 101 102 26 Fokohama Ygstn S&° k