Evening Star Newspaper, September 21, 1932, Page 10

A—10 xx¥ INTERESTINSTO “MARKET EXPANDS *Brokers’ Offices Are Crowded as Ticker Records Ad- vance in Prices. BY EDWARD C. STONE. 3 Almost like magic the local New York i Stock Exchange offices were crowded to % the doors again today after the 10-day ;‘lull in the market. Following last gnight's more favorable closing, both speculators and investors turned out to see what might happen today. They witnessed a market that spread en- . couragement very generously around the customers’ rooms. Keen interest in stocks and bonds, \ which had been running high for the ‘past two months, dwindled a bit last week, starting the day before the Maine election. The market went lower for *several days, but New York -economists and market writers hastened to state that the Maine election was not the real cause, as the long advance had brought about weakness in the technical position before the voting in the Pine Tree State took place. They added that both candidates were anxious to help the Nation's business in every way possible and that in their opinion the campalgn should have no permanent effect on gtocks, no matter how it ends. Today interest in securities had more than doubled in the broker offices, in business h restaurants and clubs. tionally, there are two sct market foilowers. One set is try- ing to get in at the bottom and the other element is watching every move in order to get money free that is now tied up. Some who have funds tied up axe also attempting to average on their holdings. One broker said today that the revived interest in the market is little less than astonishing. Local Exchange More Active ading on the Washington Stock !:x?han;eg seemed to catch the spirit of the New York Exchange today and business was more active than it has been in several sessions. The local market opened with Wash- ington Railway & Electric 4s selling at 87.n a $1,000 transaction. The final sale of the day was in the same issue, $1.000 moving at 87ls. Washington Gas Light 5s came out| in a $500 sale at 103';. Two sales in Washington Gas 6s, series A were also | recorded, $1.000 selling at 9935 and | $500 at 99'5. In the stock division, Potomac Elec- wer 6 per cent preferred figured | » per cent preferred stock moved at 103. : Washington Railway & Electric pre-| ferred figured in an 1l-share sale at} 91. Ten shares of Capital Traction stock appeared on the board at 6, same | as the last previous sale. This stock | closed 5°x bid and 7 asked | Norfolk & Washington Steamboat Co. stock was quoted exdivided today. fol Jowing the recent declaration of a 2 per cent quarterly payment Emerson’s Bromo Selzer “A” is also being quoted exdivided. President to Greet Bankers. President Hoover will greet the Morris | Plan bankers and their wives at (hpi east front of the White House Thu!‘s-’ day. September 29, at 12:30. The financiers from 32 States will be in convention here September 29 and 30 and October 1 at the Hotel Shoreham. The announcement of this presidential honor was made known today by Roy- den C. Bryan, vice president of the Wilmington Morris Plan Bank. chair- man of the Entertainment Committee. A number of social events have been planned including an annual golf tour- nament on the Burning Tree course banquet Saturday evening, October 1; motor trips in and around Washington; visits to the Bureau of Engraving and Printing. Lincoln Memorial. Pan-Amer- ican Building and the Corcoran Art Gallery Mrs. Robert O. Bonnell of Baltimore, assisted by Mrs. Bertram Chesterman of Washington: Mrs. J. Rodney Ball. Law- rence: Mrs. Boyden C. Bryan. Wilming- ton, Del.: Miss Marie McGarity. Colum- bia: Mrs. Ralph W. Pitman. Philadel- phia, and Mrs. Mabel H. Swift of Mal- den compose a committee who are work- ing with Mr. Bryan in social arrange- ment. C. & 0. Reports Eight Months Net. ' Report of the Chesapeake & Ohio n:lwpay Co. for eight months ended August 31, 1932, shows net} income of $12.293.269 after taxes charges and sinking fund apprepriations, equivalent after allowing for dividend require- ments on 6'. per cent preferred f!o:}{ to $1.60 a share (par $25) on 7.652,778 shares of common stock. This com- ith $17.805,850 or $2.32 a share 51,281 common shares in first onths of 1921 st income was $2.309.118 on eight August net . efier taxes and charges, against 056.068 in August, last year : Directors of the Virginian Railw: which omitted the $150 quarterly divi- | dend on common. explained today that | the action wes taken to conserve cash resources. The statement adds: “The company has disbursed in the past two vears large sums in cash for additions and betterments to its prop- erty and to that of its subsidiary. the Virginia & Western, including pay- ment on account of the Guyandot ex- tension, now nearly completed, which has to date alone cost in excess of $4.- 000,000, and for equipment obligations, without the treasury being replenished by the sale of bonds now in the trees- ury, or of additional bonds which the company is entiiled to under the pro- yisions of its mortgage.” Building Situation Reviewed. Building_permits in 565 cities and | towns of the United States during the | ‘month of August, 1932, amounted to| $32,921,292, according to official reports | made to S. W. Straus & Co. This fig-} ure represents a one-half of 1 per cent increase over July, 1932, when the vol-} ume for these cities was $32,747.091. This is a normal seasonal increase. Per- mits issued during August, 1932, fell| 70.2 per cent below the same month.of | 1931, The 25 cities, as a group, reporting the largest volume of permits for Au- gust, show an increase cf 22.1 per cent| over July, 1932, a decline of 70.2 per! cent from August, 1931, and a decline | of 746 per cent from August, 1930. Eight of these cities made individual | ains over August, 1931—Baltimore, ichita, Sioux City, Albany, Wilming- ton, Terre Haute, Macon and Allen- town. Gleaned in Financial District. Harry G. Meem, president of the| ‘Washington Loan & Trust Co., is doing | jury duty in addition to his regular activities in the banking field. Henry Shepherd, who has been con-; nected with the brokerage business in | Washington since 1927, has joined the Jocal staff of Fenner, Beane & Unger- leider, Manager John D. Mothershed; announces. Receivers for the Departmental Bank | announce that beginning Friday deposi- | tors may file proof of their claims | against the bank. A three-month pe- riod has been alloted for such action. The next meeting of Banking and Industrial Committee, Fifth Federal Re- serve District, will convene in the board room of Riggs National Bank, September 28, at 10 oclock in the morning. Reconstruction, Finance Corporation loans to railroads to create jobs will carry 5 per cent interest, against 6 per | cent for other loans. The local agency of the Mutual Ben- efit Life Insurance Co. of New Jersey is planning an agency dinner which will be held at the Hay-Adams House on the evening of October 4. The speaker for the occasion will be E. E. Rhodes of Newark, vice president of the com- 18 17 7 FINANCIAL Btock and Low. _ Dividend Rate. % Abitibi Pwr & Paper. 1932~ 915 Addressograph 1% Adv Rumley... 4% AMliated Prod 30% Air Reduction (3)... 1 Airway Elec Appl.... 7% Alaska Juneau (50c). % Alleghany COrp.....: % Alleg Cp pf $30 ww.. 42% Allied Chem & D (§). 4 Allis-Chalmers Mf; 4's Alpha Port Cement % Amal Leather. 12 Amerada Corp (2). 15 Am Agri Ch Conn. ... 315 Am Agri Chem(Del) . 5 Am Bank Not 1% Am Beet Sugar. . 615 Am Brake Sh&F (60c) 40 ‘Am Brake Sh pf (7).. 29% Am Can Co (15). 93's Am Can Co pf (7) 2is Am Car & Foundry 16 Am Car&Foundry pi 18 AmChicle (13). 2 AmColortype....... 11 Am Comel Alcohol... 2 Am & Forelzn Pwr. . 3% Am&Forgn Pw pf(6) § Amé&Forgn Pw pf(7) Am & For Pwr 2d pf.. Am Haw St'ship (1) .. Am Hide & Leather.. Am Hide & Leath pf.. Am Home Prod Am Ice (2)... Am International Am Locomotive Am Locomot pf (7) Am Mach&Fdy(80¢c). Am Metal Co. E Am News (1%). Am Power & Lig AmP&Ltpf A Am Pwr & Lt pf ( Am Radiator. ... ‘Am Radiator pf (7).. Am Rolling Mills. Am Seating. ... Am Smelt & Ref. ‘Am Smeltg & Ref pf. 15 AmSmelt& R 24 pf.. 21% Am Snuff (13%). 3 Am Steel Foundry. 18 Am Sugar (2).. .- 70% Am Tel & Teleg (9) Am Type Fdrs pf. Am Water Wks (2) Am Wat Wks cfs(2) - Am Woolen. . Am Woolen Bf. Am Zinc & Lead. .. Anaconda Copper 4 Anchor Cap (1.20 Anchor Cap pf (6% Archer-Daniels (1) Armour of Del pf(7). Armourof Ili pf. & Assoclated Apparel.. 3 Asso Dry Goods 17%a Atch Topeka & 8 Fe 35 Atchison pf (5) . 9%, Atlantic Coast Line 8% Atlantic Refining (1) 713 Atlas Powder. . 28% Auburn Auto (f4) 13 Austin Nichols. 113 Aviation Corp (Del 2 Baldwin Locomotiv Baldwin Loco pf. Baltimore & Ohio Baltimore & Ohio pf. Bangor&Arostk (2).. Barnsdall Corp.... Beatric Creamery Beech-Nut Pkg (3) Belding-Hemingway. Belz N Ry pt pf 4.0 Bendix Aviation. Best & Co.... Bethlehem Steel. Bethlehem Steel pf. .. Bohn Alumn & Brass. Borden Co (2) Borg Warner. Boston & Malne Briggs Mfg Co. Bklyn Manhat T Bklyn-Man Tr pf (6). Bklyn & Queens. . Bkiyn Union Gas(5 Bruns Term & Rwy. Bucyrus-Erfe. ... Bucyrus-Erle cv pf Budd (EG) Mfg. Budd Wheel Bullard Co. Burns Bros (B) Burr'ghs A M (30¢) Bush Term deb atk. Butte Copper & Zinc. 4%, California Packing.. ix Callahan Zinc & Ld 113 Calumet & Hecla. . . 214 Campbell-Wyant 6 Canada Dry (1.20)... ‘anadian Pacific.... 1Cta Cannon Mills (1).... 214 Capital Admin (A). 163 Case (J I) Co.... 4% Caterpillar Trac 60c. 1i¢ Celanese Corp 1, Celotex vtc. ... Tt Cent Aguirre (1 2% Century Rib Mills. .. 60 Century Rib M pf(7) 313 Cerro de Pasco. .. Certain-teed Prod Checker Cab (new) Ches & Ohio (233)... Chesapeake Corp (2) Chi & Eastern Il pf. Chi Great Western Chi Great West pf... Chi Mil StP & Pac. 4 Chi Mil StP & Pac pf. Chi & Northwestern.. Chi & Northwest pf Chi Pneu Tool.. . Chi Pneu Tool pf. Chi Rock I & Pacific.. ChiP.1& Pac 6% p?.. ChiR1& Pac 7% pf.. Childs Company..... Chrysler Corp (1). City Ice & Fuel (2).. il 16'3 9 4 Coca Cola (18).... Coca Cola (A) (3). ... Colgate-Pal-Pete(1). Collins & Alkman. ... 4 Coio Fuel & Iron. Colo & Souht 1st pf. Columbia Gas (bl). . Col Gas&EIpf A (6). Columbia Pic ctfs Columb Carbon ¢ Commercial Credit 0 Comel Cred 1st(6% 10% Comel Inv Trust (2 315 Comcl Solv (80c).... 1% Comwlth & Southern. 27% Comwlth&Sou pf (§) 615 Congolm Nairn (1) 5 Consol Cigar. 1 Consol Film.... 2% Consol Film pt. 31% Consol GasN Y (4).. 7215 Consol Gas NY pt(5). 4% Consol Laundries(1) 4 Consol O1l Corp...... % Consol Textile. 1, Container Corp (A).. 1 Container Corp (B).. 273 Contl Baking (A).... 15 Contl Baking (B).... 17% Contl Can (2)....u0e 8 Cont Diamond Fibre. 6% Cont Insurance(1.20) &, Contl Motors. 3%, Contl Ol (D - 24% Corn Products (3)... 9913 Corn Prod pf (7). 1% Coty Ine..... 13% Cream of Wht 2% 21 Crosley Radio....... 7% Crown Cork & Seal... 6 Crucible Steel. . 7 Curtis Publishing. .. % Curtiss Wright. 5 Curtis Wright (A) Davison Chemicai. . Deere & Co pf (40c). . Del & Hudson (6)... Del Lack & Western Detroit'Edison (6).. Diamond Match (1). Dome Mines(11.30).. % Dominion Storest1% % Doug Alrcraft (75¢) 5 23 Drug Corp (4). % % Duluth S.5.4 Al - I b noNO~nan aBom THE EVENING STAR, WASHINGTON, D. C. MNet. Low. Close. Chye. 1% 7 17 1M+ K 8% +1% 18% +1% +1 +b's i + + % +1 +8% +1% i +6% +4n +1% + % * % +1% +32 117% 16'% 18% O % 18% % -k B31% 1% ~Prev. 1933 High. 9% 105% 87% 36% " 1% 24 b 35 32% 84 15% 25% 9 14% 2% 24'% 4% 104 364 18% 2% 2% 38% 11% Stock and Low. Dividend Rate. 22 Dupont de Nem (2).. £0% Dupont deN db pt(6). 35% Eastman Kodak (3). 3 Eaton Mfg Co.. % Eitington-Schild. ..., 81 Elec Auto-L (1.20).. % Electric Boat....... % Elec&Musical Instru. Elec Storage Bat(2). Endicott-Johnson (3). Engineers Pub Serv. EngPSptww (5%)., Eng Pub Sve pf (6).. Equit Office Bldg 1%. 2 ErleRR. 2% Erle RR 1stpf., 2 ErleRR24pf...... 9% Exchange Buf (25¢). % Federal Screw WK: 3 Fed Wat ServiceA.. $'4 Federat DeptS(60c). 6 Fidelity-Phoen 1.20.. 10% Firestone T& R (1). 85 First Natl Strs (3%) % Fisk Rubber. ....... % Fisk Rubber 1st pf.. 1% Fisk Rub 1st pf cv 2 Follansbee Bro: 3 Foster-Whee! 1 Foundation Co - 10% Fourth Nat Inv 1.20.. 1 FoxFilm (A). - 10 Freeport-Texas (2).. X Gabriel Co (A) B% Gamewell Co. . 3% Gen Am Investors. .. 9% Gen Am Tank Car(1). 4% Gen Asphalt. . . 10'4 Gen Baking (2). 13 Gen Bronze. .. % Gen Cabls. ... 113 Gen Cable (A) 3%, Gen Cable pt 20 Gen Cigar (4). 813 Gen Electric (40c 10% Gen Elec spec (60c). 19% Gen Foods (2).. % Gen Gas & Elec (A).. 3 Gen GREcv pf A(p§) 8% GenG & E pf A (p7).. 5l Gen G & E pf A (p3).. 28 Gen Mills (3). . 7% Gen Motors (1) 1 Gen Public Service. . &4 Gen Rwy Signal (1) 4 Gen Realty & Utll. 1% Gen Refractories. 8 Gen Steel Casting pt. 10% Gillette Saf Ras (1).. % Gimbel Bros . 8 Gimbel Bros pf. 3% Glidden Co 35 Glidden Co 2% Gobel (Adolf). 8% Gold Dust (1.60) 2% Goodrich (BF). 7 Goodrich (BF) pf... 5'5 Goodyear Tire&Rub 19% Goodyear 1st pf (7)., 74 Gotham Siik Hosiery 1' Graham-Paige = 2% Granby Consol 3'9 Grand Union, ., 145 Grant (WT) (1) 6'3 Great Northern pf. § Great Nortaern Ory 3 Great Western Sug.. 48 Great Wn Sug pt(7). *5 Grigsby Grunow.... s Guantanamo Sugar.. 3 Guantanamo Sug pf. 2 Gulf Mobile & North. 3 Gulf Mobile&Nor pf.. 213 Gulf States Steel. Hahn Dept Stores. . .. Hahn Dept Stores pf. Hall (W F) Printing. Harbison & Walker. . 1% Hayes Body. Helme (GW) (+1).. Hercules Powder 1% Hershey Choc (6) Holland Furnac Hollander Sons. Tomestake Min(110) Houdatlle Hershey. .. 4 Househd Fin pf 4.20 Houston Oil.... Houston Oll (new).., 8 Hudson & Man (334). 2% Hudson Motor Car. 115 Hupp Motors 4%, 1llinots Central. 9'4 1llinois Central pf. .. T Industrial Rayon (2) Ingersoll-Rand (2).. Inland Steel. ... Inspiration Copper. . 4 Insuranshares (Del). Interboro Rap Trans, Intercontl Rubber... Interlake Iron. Int Agriculture. ..... Int Agriculture pf... Int Bus Machine(n6) Int Carriers Ltd 20c. Int Cement. .. Int Combustion. ... Int Combustion pf Int Harvester (1.20). Int Hydro-Elec (A).. Int Nickel of Can.... Int Paper pf......... Int Paper & Pwr (A). Int Paper & Pwr pt.. Int Salt (1%). Int Shoe (2). 4 Int Silver. Int Silver pf (4) % Int Tele & Teleg Interstate Dept S Intertype Corp. . Towa Central R R. Island Creek Coal(2) 15% Jewel Tea (1433). 10 Johns-Manville. 30 Jones & Laugh p! 21 Kansas City Southn. 5 Kan City Sou pt (2) 8 Kaufman DS (80c). 4% Kayser (J) & Co 13 Kelly Spring Tir 6% Kelly-Spr T 8%, Kelsey-Hayes Wheel elvinator Corp. . ennecott Copper. Kresge Dept Stores. 6% Kresge (SS) Co (1). 10 Kroger Grocery (1). 40 Laclede Gas pt (5).. Lambert Co (15) 30% Lehman Corp (2. 6 Lehn & Fink (2) 3% Libbey Owens Glass. 32% Liggett & Myers(5) 343 Ligg & Myers B (15). 14 Lily Tulip Cup (1%). 815 Lima Locomotive . 9 Liquid Carbonic (1) 13% Loew's, Inc (t4) 1% Loft Inc...... 1614 Loose-Wiles Bis (2). 96 Loose-Wiles 1st (7). 9 Lorillard (P) (1.20). 14 Louisiana O1l. . 814 Lou Gas&El1 A (1%). Tia Loulsville & Nash 1% Ludlum Steel. 2110 McCail Corpn (2). 18% 62% 6% 23 4 26 (4 13% 4 46t 20% 4% 13% 3 13% 20% 20 29% 6 13% L) 13 Mcintyre Porc 1%. 28 McKeesport T P (4) 1% McKesson & Robbin 3% McKesson & Robs pf. % McLellan Stores..... 10 Mack Trucks (1). 17 Macy (HR) (n2). 415 Magma Copper(50c). 15 Mallison & Co....... 9 Manhat Elev gtd (7). 4 Manhat Elev mod gtd 6'5 Marine Midld (30c) ,. 6% Marlin-Rockwell(1). 15 Marmon Motor Car. . 3 Marshall Field & Co. 9 Mathieson Alk(134). 915 May. Dept Stores (1). 3 Maytag pf ww. . 8 Melville Shoe (1.20). 1 Mengel Co 1% Miami Copper. . 3% Mid Continent 2 Midland Steel Prod. . 11 Minn-H'well Reg (3) 1% Mo Kan & Tex: . 3% Mo Kan & Texas pf. 1% Missourl Pacific 214 Missouri Pacific pf. 13% Monsanto Chem 13 . 315 Montgomery Ward. 20 Morrell & Co (2). % Mother Lode. .. Y% Motor Meter G & EI 78 Motor Products Motor Wheel 2% Murray Corp. 19% 8 Nash Motors (1), 5% 467 130 101 1! 1% Nat Acme Co. .. 20% Nat Biscuit (2.80) Nat Biscuit pf (7)... Nat Cash Reg (A)... Dalry Pred (3).. ) Sales— Net. Low. Close. Chge. 3Bl 42% +4% 101% 101% - % 544 6% 1% Add 00, High. 366 42 02 +5u 1932~ Stock and Low. Dividend Rate. 2 Nat Dept Strs 1st pf.. 20s 13 Nat Dist Prod (2).... 126 20% Nat Distillers pf(13) x_1 87 NatLeadpfA (7)... 508 % N 143 1315 Nat 8teel (50¢) 114 ~Prev, High, 4's Nat Surety. Nat Tea (60c) 2 NYChi&StLpft.... 824 N'Y & Harlem (§) 3% N Y Ont & Weatern 1% N Y Shipbuillding. . 10% Noranda Min (a50c).. 57 Norfolk & West (8).. 1% North Am Aviation. . 18% Nor Amer(b10%atk) 255 North Amer pf (3)... %4 Northern Pacific. ... 15 Norwalk T&R pf 3 5 Ohio Ofl (a40c) 3 Oliver Farm Equip 1% Omnibus Corp. .. 3 Oppenheim Collins. 9 Otis Elevator (1%4) 90 Otis Elev pf (6) 1% Otis Steel 27% 12 Owens1lll Glass (2).. 18% 2% Pacific Coast 1st pf % 1 Pacific Coast 2d pf. 16% Pacific Gas & El (2).. 20% Pacific Lighting (3). 3% Pacific Mills. ....... 3 58 Pacific Tel&Telex(7) 14 Packard Motor Car. 1's Paramount Publix. 2 Park & Tilford. . Park Utah '« Parmelee Transport. Pathe Exchange (A). Patino Mines. . . Penick & Ford (1) Penney (J.C.) 1.8 Penney (JC) pt Penna Rallroad Peoples Gas Chi (6). Pere Marquette pf... Pere Marquette pr pf 908 Petrol Corp of Am... Phelps Dodge. . PhilaCo 6% (3). Phila Co pf(6) new Phila& Read C& I Philip Morris&Co(1). Phillips-Jones Co Phillips Petroleum Pillsbury Flour 1.: PittaCoal........ Pitts Screw & Bolt. Pitts Terminal Coal. Pitts United pf Poore & Co (B) . Port Ric Am Toh(E) . Postal Tel&Cable b Prairie Pipe Line Pressed Steel Car. ... Proctor & Gamble(2) Proct & Gamb pf (5). Public Sve N J(3.20) B Public Sve NI pf (5). 1, Public Sve NI pt (6). 1 Pullman Corp (3). (3% 9 25 108 108 106 Pure Ol pf (8).. Purity Bakeries (1). Radio Corp. ... Radl Corp pf (A) Radio Corp pf B. Radio-Keith-Orph. RR Sec 111 Cent Stk Raybestos-Man (60c) Reading Rwy (1) Reading Ry 24 pr Real Silk Hoslery. Remington-Rand Rem Rand 1at pt Rem Rand 2d pf. Reo Motor Car. Republic Steel. Republic Steel pf Reynolds Metals(1). Reynolds Spring.... 26's Reynolds Tob B (3).. 4 Rhin WEI P (a1.06). Richfleld O11. 1% Rio Grande Ofl. 1!3 Rossia Ins of Amer 2y 10 136 Schult, Seaboard Air Line. .. Seaboard Air Ljne pf Seaboard Oil Del 40c. Sears Roebuck. Second Natl Inv. Second Nat Inv pf. Servel Inc . Sharon Steel Hoop. .. Sharp & Dohme...... 2 49 Shattuck (FH) 50c Shell Union Oil.. Shell Unton Ofl pf. Simmons Co. .. Simms Petroleum. ... Skelly Oil Skelly Oil s Sioss Sheffield Ste Sloss-Sheff Steel pf. Snider Packing. . Socony-Vac (80¢).... So Porto Ric S(ad0c) So Fort Ric S pfi8).. Southern Cal Ed(2).. 6l Southern Pacific..... 213 Southern Railway. 3 Southern Railway pf Bales— Add 00. High. 5% 110% 1 % 157 24 10 32 vt 8 5% VVEDNESDAY, SEPTEMBER ‘21. 1932. 1 Sparks-Withington... 8 % Splegel-May-Stern.. 2 8% Stand Brands (1.20).- 147 7% Stund Gas & Elec (2). 135 9% Stand Gas&EI pf (4). 28 Stand Gas&El of (1) % Stand Invest Corp 154 Stand Ofl Calif (2).. 81 Stand Ofl Bxp pf (5). 7 Stand Ofl Kansas 19% Stand O1I N J (12) % Sterling Secur (A).. % Sterling Secur pf. 1315 Sterling Secur cv pf. 1% Stewart Warner, 4% Stone & Webster. 2% Studebaker Corp. 68 Sun Ol pf (6)...... 14% a7 Superheater Corp (1) 813 24 Superior Steel : 1 1 Symington. . 2% '3 Symington (. 1autograph (1), Tennessee Corp Texas Corp (1). Tex Gulf Sulph (2).. 4 Tex Pacific Land Tr. Thermold Co Third Natl Inv (1).. Thompson Products. Thompson Starrett. ., Tide Water Asso Oil.. 2 7% Timken Roller Bg(1) 2%4 Transamerica Corp.. ' 1% Tri-Contl Corp. . . a_19% Trico Products(23) Ulen & Co. Und-Ell-] Union Bag & Paper. . Un Carbide & C(1.20) ’n Oil of Calif (1) Union Pacific (§). Unit Afreraft....... Unit Afrcraft pf (3). o o nit Biscuit (2). ... nit Biscuit pf (7). Unit Carbon. . Unit Cigar Store: Unit Corp (40¢). Unit Corp pf (3) Unit Dyewood. Unit Eleetric Ci 4 Unit Fruit (2) Unit Gas&Im(1.20 Unit Gas&Im pf (5) Unit Piece Dye Wks. U S & Forn Secur. U S & Forn Sec pf. U S Freight. .. U S Gypsum (1.60). U S Pipe & Fary U S Realty & Imp.. IS Rubber 1st pf... U SSmtg & Ref (1). USSteel........... U S Steel pf (7)... U S Tobacco (4.40) .. % United Stores (A). .- Unit Stores pf (3%). 12 Univ Leaf Tob (2) 3 Univ Pipe & Rad 13 Uil Pwr & LU(A). .. < vausco Sales Corp... 6« \anadium Corp. 162 Van Raalte 1st pf... ‘s Va-Car Chemieal. ... 60 \a Elec&Pw pf (6).. 2'3 Va lron Coal & Coke. '« \ulcan Detinning... Bal "Add 00. High. Low. Cloge. O FINANCIAL Met. wu [ ] " se #¥ss¥ SERE FIET F R T LT e o S e 4+ gt 25fs “refrssen 22 - thdtdt pht bbbt s | the close was at the best or ve: a \iacasn \Wabash Waldorf Sys (1% Walwor Ward Baking (A). Ward Baking (B Ward Baking pt (4 Warn Bi Warner Warren Warren Warren Webster Eisenlohr. Wells F Wesson West Pa Elec pf (§). West Pa EL pt (7)... West Pa Pwr pt (6). West Pa Pwr pf (7). Western Dairy (A).. Western Dairy (B).. Western Maryland. . % Western Pacific pf Western Union. . Westing'se Air B(1). Westinghouse Rlec. . Westinghse 1st (3%) Weston RR.. PI(A). th Co LETTTS ros ricturei Bros Pic pf. Bros.....io. Bros v pr.. Found & P, 2 ravfomen argo. - Oll & Sn (1). +2% - n ~1% BT i + + 1 - - N 4 1 Elec Instru. Westvaco Chlorine. . White Motor........ White Rock M S (2). Wilcox Oil & Gas.... Willys-Overland Wilson & Co (A) Wilson & Co pt Woolworth : Worthington Pum 375 Wrignt Aeronautical 251 Wrigiey (Wm) (3).. T 40 12 11 ‘ "~ 125 20 4 104 16'3 1081, 274 29% 124 1514 10:30 AM = I | cash payments based | ratione. s in - stock. +3% | p in stock. 3 Plus 31 in | m Paid last year—no - 2,600,000 Dividend rates as given in the + 4% Unit of trading less than 1 e Payable in cash or stock. f Piu +3% | in scrip. x Ex-dividend. 1% Yellow Truek. Yellow Truck pf..... 3 Young Spring&W (1) Youngstown Sh&Tu. Zonite Products(60c) Sales of Stocks on New York 1 “ 67 2014 84 Exchange. 12:00 Noon. 1,800,000 *| 2:10 P.M . 3,100,000 bove tables are tne annui on the latest quarterly o half-searly decia e 8% +1 500,000 in stock. b Plus 2" special preferred stock. k Plus 3% requla. tate. n Plus 5% 1n S0k " b Payani Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md. September 21. White potatoes, 100 pounds. Maryland and Virginia Cobblers, bar- rel, 1.25a1.50; sweet potatoes, 30a60; beans, bushel, 75a140; beets, carrots, 100, 1.50a2.00; crate, 1.85a1.90; celery, crate, 75a1.25; cucumbers, bushel, 1.50a1.75; corn dozen, 10a15; eggplants. hamper, 20a2: lettuce, crate, 2.50a3.25; bushel, 1.30a2.00; onions, per 100 pounds, 85a1.00; peas, bushel, 2.00a 2.40; peppers, hamper, 20a30; squash, bushel, 30a40; spinach, bushel, 1.00a 1.20; tomatoes, hamper, 20a35: canners’ stock. bushel, 30a35; apples, bushel, 50 al.00; cantaloupes, hamper, 20a40; grapes, basket, 30; peaches, bushel, 75t 2.00; pears, buthel, 1.00al.25; water- % | melons, 100, 3.00a25.00. 22% +1% fair Dairy Markets. Chickens—Young, 13a17; leghorns, 12 | al4; old hens, 14al7; leghorns, 11a12; roosters, 9a10; ducks, 11a13; pigeons, pair, 10a15; guinea fowls, 25a45. Eggs—Receipts, 2,545 cases; current receipts, dozen, 15a19; hennery whites, 26228; Western firsts, 20; nearby firsts, 20. Butter—Good to fancy. creamery, 18| adles, 13a14; process, 15a16; store | 1. 823; packed, 1 Hay and Grain. Wheat—No. 2 red Winter, garlicky, spot, domestic, 6134; September delivery, 613,; October, 621;; cargoes on grade, no sales. Corn—No. 2 yellow, spot, domestic, 45a451; cob corn, 2.00 per barrel. Oats—No. 2 white, domestic. new, as to weight, 272291,; No. 3, 26a27. Rye—Nearby, bag lot, 45a50. Hay receipts, none. The market con- tinues dull and inactive under gener- ally ample receipts, especially of the poorer grades, which are hard to move at any price. Good grades of hay are selling at a range of $11 to $14 per ton, as to grade and kind. Market irregular on everything below No. 3 timothy. New hay beginning to move. Straw—Wheat No. 1, per ton, 8.00a 8.50; oats, No. 1, per ton, 8.00a8.50. Live Stock and Cattle. Cattle, receipts, 250; sicedy; others, 25 to 50 lower; steers, good to_choice, 7.25a8.25; medium to good, 6.2527.25; fair 1o medium, 5.2526.25; plain to fair, 4.7585.75; fair to medium, 3.00a3.50; plain to fair, 2.75a3.00; common to plain, 2.50a2.75; cows, good to_choice 3.7584.25; medium to choice, 3.25a3.75; fair to medium, 2.50a3.25; plain to fair, medium to good, 4.75a5.25; to medium, 4.50a4.85; plain to fair, 75a1.00; | bushel, | lima beans, | | 350a4.50; common to plain, 3.00a3.50; fresh, cows and springers. 30.00a60.00 heifefs. good to choice, 5.2585.75; me- dium to good, 4.7585.25; fair to medium, 45024.75; plain to fair, 3.50a4.50; com- { mon to plain, 3.00a3.50. er: sheep, 50a2.00; lambs, good to choice, 5.50a6.00; common to medium, 3.00a4.50. Hogs, receipts, 500; spotty; lights, 4.95 25.20; medium, 4.95a5.30; heavies, 4.50a 5.00: roughs, 3.00a4.20; 10a20 cents higher than quotations. Calves, receipts, 75; steady, calves, good to choice, 6.50a7.00; common to medium, 3.50a5.50. Lumber Orders Increase. NEW YORK, September 21 (P).— Though shortened by the Labor day holiday, the week ended September 10 brought the largest volume of lumber orders this year, except the record week ended September 3, the National Lumber Manufacturers’ Association re- ports. Orders amounted to 166,562,000 feet, or 58 per cent above the pro- duction of 105,318,000 feet. - N MONEY MARKET. NEW YORK, September 21 (#)— The money market was quiet and vir- tually unchanged today. Outside call funds continued at 1 per cent against the official 2 per cent rate. Bankers’ acceptances he]’ at previous rates. NEW YORK BANK STOCKS NEW YORK, September 21 Over-the-countef market: Quotations as of 2 O'Clock. BANKS. ®).— Chase Natl (2) Commercial (8) Fifth Ave (“44). .. First Natl (100) Public (2) ZEiad 2 TRUST COMPANIES. Bankers (3) Bklyn Trust (i £ oed ver (*1)’ xd n 01 Chemical (180) Continental (1.20) rn Exch (4) - 0 100 Dis2 273 34" 36 9 101, 49 1515 U. S. TREASURY BALANCE. Treasury receipts for September 19 '@ Title G & T (3.20) Uniied States (60) . *Includes extia. 52 1615 | | were $25,759,668; expenditures, $41,429.- | 927.17; balance, $883,285,234.78. Cus- toms duties for 19 days of September were $15,041,868.10, Sheep and lambs. receipts. 800: low- | light pigs, 4.50 | 25.00; pigs. 4.8085.20; best Western hogs, | Shoe Business Gains. | NEW YORK, September 21 (&) — Leading shoe manufacturers report that | the volume of business booked this week showed a substantial gain over last Most of the purchases were from the West. SHORT-TERM SECURITIES. (Reposted by Chas. D. Barney & Co.) Allis-Chalmers Co. 5s e Oen n 41 60 106's 93 Iding Hemingway Co. 6s 1936 Pethlehein Steel Corp. 55 1936. . Canadian Nor. Rwy. 4las 1935 Chi. Northwestern R. R. 5: Chicago Roc! 34 Cleve. Lor. & Wheeling 5s Colorado & So. Rwy. 4’28 Commercial Credit Co. 5'zs Delaware & Hudson Co. 5s 193 nver & Rio Grande 4'zs Gen. Mot, Accep. Corp. &s General Betroleum Corp, 55 1 General Public Service 5’5 Grand Trunk of Canada 65 Houston E. & W. Texas 5s Keystone Telephone Co. 55 Lacleae Gas Light Co. 55 Louisyille & Nashville 5s 1937. New York Ci . R R. 6125 1936 . . Portland General Elec. 5s 1935 Republic Iron & Steel 55 1940 Sinclair Crude Oil Co. 5'as 1938 SouthernPacific 5s 1934........ St. L. IMS. Ry. R. & G. 4s 1933 Union Elec. Lt. & Pow. 5s 1933 Union Oil Co. of Calif. 5s Virginia Rwy. & Power 5s 1934 Wabash Rwy. Co. 55 1939 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nom:nal gold Selling checks today. 2 3 348665 $3467s 392 13.87c 2381c London. pound. Paris. franc.... Brussels. beiga Berlin, mark. «|U. . TREASURY CERTITICATES (Reported by Chas D. Barney Pate—Maturity get 1. 1932 STOCKS GO HIGHER INVIGOROUS RALLY Trading Volume Picks Up as Leading Issues Extend Gains. BY GEORGE T. HUGHES. Bpecial Dispatch to The Star. NEW YORK, September 21.—Stocks swept upward today in a movement which took in all groups and with gains that ran for the leaders to 6. 7. 8 and 9 points. In one session the mar- ket recovered more than half the loss sustained during the recent rea The buying was insistent all day and rearly s0. The bear element vwas put to com- plete rout, covering as best they could After so violent an advance it would I.Je x;i:s(inaé)]r to expect realizing and setback, but nothing of that vi m-;r’fm up to the end. e e rise in stocks was so all-inclusiv that it was difficult to pick out features, Two that may be mentioned were J. I. Case, at one time up 9 points, and American Telephone, which just below 116 was up almost 8 points and mo than 10 points above yesterday's lo American Can, directors of which are s00n to meet for dividend action and which had been heavily sold for short account. ran up over 8 points. Thers ;aa‘? urgent demand for the rails all Volume ran close to 4,000.000 shares quarter of an hour ites behind tuying and the rapid ad- characterized the early trading surprised even the market's friends. Its enemies. meaning the shorts, were still more put to it for an explana~ tion. Various theories were advanced to explain the resumption of the upward movement and none of them was en= tirely convincing. One conclusion, how- ever, was justified. The stock market is no longer concerned about the out- come of the natlonal election. No mat- ter who is successful, it believes thag business recovery will go on just the same. Meanwhile, there was a technical situation which proved hazardous in the extreme to operators for the decline, They had warning in the number of stocks which were loaning at premium last night, including Allied Chemical American Can and United States Steel preferred. Selling in all of these during the recent reaction had been predomin- antly for short account. That would have been all right for the sellers if it had brought about any liquidation, but it did not. The present real holders of stocks were not to be frightened and the short sellers were left without a supply from which to retire their con- tracts A striking instance of this condition was United States Steel preferred. That one-time premier investment had been sold on a requestioning of the ¥ of the dividend. It sold yester- day at 68, off over 20 points from the high of the recovery. This morning, when it was plain the market had turned. a quotation of 73 bid. offered at 84 was printed on the tape and after three or four advertisements a sale was effected at 76, with a further gain thereafter. vances PARIS BOURSE PRICES. PARIS. September 21 (4 —Three per cent rentes. 84 francs 30 centimes. Five per cent loan, 100 francs 75 centimes. Exchange on London, 88 francs 46 centime: The dollar was quoted at 25 francs 51 centimes. CHICAGO DAIRY MARKET. CHICAGO. September 21 (# Butter, 6.815. about steady: creamery specials (93 score). 20142203, e extra firsis (90-91) 188-89) standards (90 centralized carlots). 193,. Eges. 3.655: firm; extra firsts, cars, 22; local, 21: frech graded firs local. 20; current receipts, We Recommend CHEMICAL BANK' This great bank has paid divi- dencs continually for over 100 veal Outright, Conservative Margin or monthly Payments Circular on Request ROBERT C. JONES & CO. Shoreham Bldg. 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