Evening Star Newspaper, September 27, 1932, Page 14

A—14 #xx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, SEPTEMBER 27, 1932. FINANCIAL. ALUMNGTOLEAVE || TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ‘SWBKSSIRUNGER 3 4 ] QTE—Today's tnalrla i s edition. NOTE—T individual sales ! NOTE—Today" les are not ri this edition. OTE_Today's inal o ot in this editio ¥ FUR BANK ME |NG Sates ot cach Siook I ibis tioes e from Y Sales"of Gach SHock. in this. cdifion ate from" vevierday's 3 ‘Shition: ake ffom " Sesterdas’s paver, " | Sales of cach mlu' i artion” ave from" sesterday > 3 aFrev. o3~ ok and * Baiee Net. 1982 Stock md ‘Sales— Net. | —Prev. 1032 a * Bales— Net. B . Close. s V. Low. Dividend Rate, Add00. Hhh. Low. mou Chge. m-fi Lot te. Add 00. High. 2 : . i ba' Close. Chee. | High. Low. mvmm Rate. Add 00. High. % Abitibi Pwr & Puper. 28 - % 4% 1 36 3w . l‘_? 13% 1 1% U S Leather. 1 6 b 1% Abitibl Pwr & Pa pt.. 2 2 —1%{ 11% 2% Granby Consol. .2 8w 3% U 8 Leather (. 8 . Bl s Executive Will Attend 10 Abrm & Straus 1.20 224 35 Grand Unfon. 8 h 7% 2% Snider Packing 5 7% U S Pipe & Fdry Small Gains i i : 99 9% 1% Adams Express % 22" Grand Union pf (3).. 11 333 124 5% Socony-Vac (800).... 65 % 2° USRealty & Imp. | Small Gains in Leaders Laid National Convention 22" Adams Exp pf (5) - 65 10 Grant (WT) (1)..... 4 21% o7 85 SolvAmpfww(sy). 2 S Chiefly to Lack of 17 x [+ 9% Addressograph...... 1 1% 5% Great Northern pf. 18% 4% So Porto Ric S(a40c). 13 i 3% U S Rubber 1st pf. - bt 4% Affiliated Prod 1.60. 4 3% Great Western Sus. . 9 W32% 15% Southern Cal Ed(2).. _ 3 10 USSmtg & Ref (1).. 1 in Los Angeles. 3 30% Air Reduction (3) 60% 48 Great Wn Sug pf(7). 87% 6% Southern Pacific..... 2 21% U S Steel....... 674 - Qfierings 16% 7% Alaska June, u (50c). 5 Grigsby Grunow 3 1 18% 233 Southern Railway. 3 ; 61% U S Stest pf (7). . i 23% 8 Southern Rallway pf e % 65 178 Tobacco (4.40) X & 1 SparksWithington.. A 1085, 1% Util Pwr& Lt (A)... BY GEORGE T. B! e K alIog 600): > —_— L 3 . 1 Bn Shend Brands (120> s % gk Vadscosaies Corp Y e gty o 341 _ % Stand Gas & Elec (2). 5 4 piesece o .| NEW YORK, September 27.—T! e 347 T Vulcan Detinning. A P! he < 41% " 9% Stand Gas&El pf (4). - trend in today's stock market was up~ 621 21 Stand Gas&El of (6). % u Wabash R R. ward, but the gains were made largely 31% 15% Stand Oll Calif (2)... X 6 Wabash pf (A o %! because of lack of offerings and not 16% 7 Stand Ofl Kansas.... 3 5 Waldorf Sys (1% S * | because of any great increase in de- 37% 19% Stand Ofl N J ($2)... . {mand. Trading was entirely profes- 8% 8 Starrett (LS)...... i 6 24 % Sterling Secur (A) % — % > = |i§?.’l?.‘.£’."d T i 4 8 Sterling Secur pf.... v Much the same could be said of the 151’:: };: g((:::;tv\y:br.n;rr. 5 &,"mn Bras i commodity markets. They, too, assumed 13% 215 Studebaker Corp. ... West Pa Elec A (1) * 208 a waiting attitude. The grains were not s S Enasbakar . § West Pa E1 bt ¢1). .. 806 materially changed. Cotton was slightly 8§13 24 Superior Steel 1 West Pa Pwr pf (6).. 1208 bigher imost of the ttme. 3 . I L { A feature of the last hour in stocks “13% 6 Temutosraph (1).... Western Maryland. . 17 was the strengih in Alaska Juneau on & 18% 9% Texas Corp (1)...... 4 Weatarn Pacifis of - 1 report that the stock was to be put on 2?‘: ;:% Tex E“’fns“i’,’." 2., o G v s a higher dividend basi’y Mack Truck 3 ‘ex Pacific nd Tr. 3 = 14 3% Third Avenue. . Wostvach Gl - 1 Declaration of the regular quarterly 10 2% Thompson Products. 7 ) White Motor. 14 f dmd(nd by American Can Co., an- 2% % Thompson Starrett. Y 4 White Rock MS(2) & 0 “| nounced at 2:45 pm., was Ionowd im- 5% 2 Tide Water Asso Of White Sewing Mach.. + y | mediately by a fractional gain in that 2 Timken-Detroit Axle. Wilcox Oil & Gas. H I & |stock. The directors, in announcing 3 Timken Roller Bg(1) " . Wb s Overat. +« — 1 | that there would be no extra dividend 2% Transamerica Corp.. % 5 lh Wilson & Co (A) 4 Y this year, said that September chowed 1% Tr{-c»ntl Corp.. | 22 Woolworth (2.40). some improvement over August but that 1% T\l\ln City RapTran. | 2 5 Worthington Pump. . 17% 18% volume of 1932 business had been run- 4 | % Alleghany Corp. 3 21% 24 Gulf States Steel 4214 Allled Chem & D 1 D BY EDWARD C. STONE. 4 Allis-Chalmers Mf; 4 28" 7 Hann g:;: Storesvt. Robert V. Fleming, president of the 12 Amerada Corp (2) 3% Hall (W F) Printing. y 1 hem (Del W, “Riggs National Bank, leaves here late| o1 5 Am Agr] Chors 5 7, Harblson & Walker.. #%oday to attend the American Bankers' Am Can Co (15) % 5314 H e i s Ascociation annual convention which Am Can Copf (1). z 431 Hershey Choc (6) H % Am Car & Foundry. . 1 % T Hollend b M ‘ ‘Am Comel Alcohol. .. 3 HClAndeE Satie. «in 0S geles, e - . 3 October 3 fo 6. He . A . = 42% Househa Fin pf Swill be the only Am&Forgn Pw pt(7) = 1% Houston Ol (new) Ydelegate from Am Hide & Leather., s be 5 Howe Sound (40c). 3 Weshington this Am Home Prod ¢.20 8 Hudson & M T year with the ex- # 5 3 % Hudson & Man (3%). & Ception of E. 4 214 Hudson Motor Car.. 2 Mountjoy. who s 2 Am Mach&Fdy(80c). LAl the Washington Am Mach & Met ct. 4% Illinots Central representative of : w, Am Metal Co. su Indian Motor Cycle. . 2 the pational asso- ! Am News (1%)..: .+ Indian Refining. .. .. = ciat n and attencs ¢€ & Am Power & Light. 7% Industrial Rayon Tevery convention 10 AmBEiiptA G 185 Inkersoil rand (2) M councu meet- B ¢ 3% Am Radiator. .. Esnd N ea) Sand 4 % Inspiration Copp g. 8 Am Rolling Mills, J i1l L 2% Interboro Rap Trans, S L o A shin R Com 6214 Int Bus Machine(n6) i join other Eastern : 4 6% Am Smelt & Ref. * bankers at Chicago 22 Am Smeltg & 1% Int Carriers Ltd 20c.. . and go from there poiert v Fleming. 3 Am Steel Foundry 3% Int Cement.... + aboard the “bank- 13 AmSugar (2).. 2 % ‘;@ }fltCombugtlon ers' special” He will represent the 4 2% Am Sumatra Tob. % Int Combustion pf. District Bankers' Asscciation as a mem- 70% Am Tel & Teleg (9) 4 10% Int Harvester (1.20). ber of the Nominating Committee. being 40% Am Tobacco (16 1 2% Int Hydro-Elec (A) sked to serve for Francis G. Addl;on. 44 AmTobacco B (16).. 2 3;7 'l"‘ Nickel of Can. r, who was elected to this committce 95% Am Tobacco pf (6). 5 4 Int Paper & Pwr ( e o —~oninBanerSomartienh dtoncormacsnRreS @ FEEFE L FEaEEr © 1414+ +++ 1+ SRS SN 8 FREIEE s % Worthinston Pump. . 5 ning about 20 per cent less than in 3 Un Carblae & Gii 20y Shs erdwmacko o 110 Ba. Bk oo To3f. “They inaicated that carnings for June conventicn of the local 11 Am Water Wks (2) 94 Int Salt (1) Un Oll of Caliz (1)... : e Loazl wulil Le mbont §Enia) shaze ol gume o Hot s o e 11 ki Wit WEsleEstan ¢ 204 Int Shoe (2) Union Pacific (6). ... 5% 6 s/ 2 WZenithRadio.... 1 14 14 14 the common, which would contras: with the altcrnate, es| 7 26 Am Wat W 1st pf(6 6. 5 5 15% 2% Int Tele & Teler. 2 13 Unit Afreraft. .. 2 317 9 E 9% 4% Zonite Products(60c) 5 8 7% % + %!95.11 a rhare in 1931 Will be at Los 1% Am Woolen. .. 33 10 . Manviile .. 2 Unit Biscuit (2)..... 5 3 200 201 — % Sales of Stocks on New York Exchange. After traders bad digested the Amer- Ang:l | 16's Am Woolen pf 3 3% — %| 84 S 5 6% Unit Carbon. .. 3 10:30 AM. . 200,000 s " o000 | ican Can direc giemert and divi- As chairman of the National Legis- 3 Anaconda Copper. E 113 901 KCPEL Istof B(6). < , Jnit Cigar Stores. ... 3 3 | 1:30 P.M . 900,000 5 .".1,100,000 end acticn, the s eas St Commiities ot the’ Amexican 5% Anchor Cap (1.20) - ”9‘% S IICIEE(. 00 o s Unit Corp (40c). | Dividend rates as given fn the above tables are tne anpual| , LN€ market was unscttled at the . Bankers' Association, Mr. Fleming will| 9 = 1% Andes Copper.. 6 6 6 — ‘, Saman c).. . Unit Corp pf (3). 7 41y cash payments based on the latest quarterly or half-vearly decia-|Start by a violent break in Drug. Inc. ' present one of the most important re- 4 7 Archer-Daniels (1). 3% — % s A% “‘fls"‘“f“-“‘ .- - ¥ 4 Unit Fruit (2). — 1y, | rations. The stock opened 2 points lower and Ports on the three-day program. Owing 24 Armour of Del pf(7 et %0 s Eelysocmerice - - ? 2 Unit Gas&Tm (1 : 9 |4 o8 THiecl’ PRIE R Sen I Titear (TR Uil | extended the loss untll it was © polnts to the great number of banking matters % Armour of 111 (A) 2 2 ¥ 7 M”’, ShT8% pf ot Unit Pice D W pf 6% a1 i\ Fayanle in’ cast Tris 8% g x s under the preceding close before sup- before the last Congress, and others % Armour of I1l (B) “ i 7 y-Sp % pf ¢ ( ]oy, U S Gypsum (1.60). 20% — 3 | In sidek, gpm 1 in )pef‘\-l premuuflnogx ‘: 3% in Siock, | port was encountered. The selling was 0 % 3% Armourof Ili pf. ) b1 Kelsey-Hayes Wheel. 13% U S Indus Alcohol. .. 30 8% + 3 | BEsid last year—no regula. cate. n¥lus 5% stock.” p Payabls due to announcement of the efforts " still pending, the! work ofmttms tcom& L e g 1 2% Kelvinator Corp. ... = e - X of a subsidiary to secure a reduction - mittee has been of unusual interest an 5 . 17 Kendall Co pt (6) T Store rentals on the ples that ree value during the past year. The com- 3 Asso Dry Good -k 4% Kennecott Copper. « mittee has been tremendously busy in 11‘; ] :{lc;l;l;onnel;a‘;)sr'- ; w— % 6% Kresge (SS) o (1) 2% = g{gfisl?;xon could be prevented in no T2 ndel:mg support to certalnmmcasfgres - Mfamc é’o“l u‘; % 10 Kroger Grocery (1) CORP ORATION Wuhlnxton Produce The v\enkness in Drug, Inc. led to ;2;““";;“““’“"“ to prevent others from} 31, i Atlantic Refining 2 ‘ % 25, Tambert Co (137, | some selling of other chain store issues, ng has served on many| 161% 28X AuburnAuto (i), 97 85X B3 ¢ 1% Lee Rubber & Tir s REPORTS isuch as Woolworth & Lambert. but - Yo 2 did t far. Wh e t of :u:: L buBt l?s Icezg‘lr:t‘::geiomlgugfig 1; 2 Baldwin Locomotive. 119 A 33 {‘“‘”‘h ‘(E‘”“’ RR... 5 | Butter—One-pound prints, 93 score, | the Xusg cmdfl?cd_a Tine selling In " these . but 2 salawin L % ok 240 s 28 48 g ) . i : iscues dried uj .the past 12 months has brought him| 374 8 Baldwin Locopt.... 3408 ; o e ). TRENDS AND PROSPECTS OF 82 ceore, 21; standard, 20; tub, 93 | Sp% FOCC e 1eq by the rails ana S e T T RO e ; 3% Libbey Owene Gia LEADING ORGANIZATIONS, €, 22; 92 score, 20; standard, 19. | tne motors. While most of the August e was given an ovaticn, following his| b~ 62 Bamberser pf (6%).. 30s .- Ligzett & Myers(13). otiel e 3 ennery whites, 27a28; current ,Sar?mgs’statemenud showed c‘:mnued report, also unlimited gratitude for the| 354 913 Bangor&Arostk (2) 1 29 91 2 Belt (80¢)..... NEW YORK. September 27.—The . ) ‘pis, 22a23; sealed Governmen | declines in @ §ross and net over the same time and effort given to the banking| 7 3% Barnsdall Corp. ; quid Carbonic, following is today’s summary of im- Britons Co-operate to Pro . extras, 41; standards, 35; medi- | w5 ghle to make progress against the ause all over th try. He now progt e e B portant corporation news prepared by : ums, 32. trend. Yesterday it was the Reading i e e eon| B BRSO VS s = — 4% T ot Stnaura Statisucs Co. e new| teCt Themselves Against | rpoutsy. aiive—Turkess, hens 15 |statement which cheered the friends of e Cf k 8 ¥ G ethiehem Steel L , 1054 1084 York, for the Associated Press: | toms, 13; crooked breasts, 10: Spring | iR rallway stoci T vention he will assume his duties as| 74 Bethlehem Stoel pf. : i 2 % T il e e Bond Defaults. turkeys, 20a23: chickens, Plymoutn | Eignt” menthe net equal 16 $4.08 & & member of Na"““alt,E"fc“‘:“’icg“l',‘s' 1% Blaw/Knox. &.. A 3 4 4 190 19% 19% L ey | 3 pounds and over, 15217; 21 | share on the common stock, against cil. representing the e e e o e L > i o T3 Louisville & Nash- 2815 30 General Motors Corporstion—Frigid- e to 3 pounds, 14a15; under 2!, pcunds, | $1.90 a share in the first eight months G. Addison, jr., president of s 3% B’o:ge\v.men.. & 2 4 'm McCall Corpn (2) 17% 17% aire sales in first 20 days of September BY CHARLES F. SPEARE. 14 hens, small, 13a14; hens, large, 15a | of 1931 the ¢ Savings & Commercial 27 Briggs Mtz Co McCrory Strs pf (6 8 38 S increased 25 per cent over like August Special Dispatch to The Star. eghorn hens, 10212; mixed colored | Traders also took notice of the fact . Bank, expires autcmatically when the 114 Bkiyn Manhat Tran. > McGraw Hill Pub.... 2 & 5% . usually fales in September do- NEW YORK, September 27.—Man- s, 13; roosters, 9; keats, young, | that this is normally the seastn for cpming conventicn adjourns 3113 Bklyn-Man Tr pf (6). Mcintyre Porc 1%. ? 1615 1y ed atout 10 per cent from August egers of investment trusts in this coun- . t0 173 pounds, per pair, 60; young, |traffic pick-up and that it is very rare = 15 Budd (E G) Mfg..... 3 31 28 McKeesport T P (4). 5 levels. try were deeply interested in the news > PCuncs and over, 70a80; old, 50 for railrcad stocks to sell at their lows Vital Convention Problems. y 315 Budd (E G) Mfg pf.. 43,,. McKesson & Robbins 4 from London that a $1,000,000,000 as- , Foultry, dressed—Turkeys, hens, 18;|in the last querter of the year. Be- Tre tremendous burdens of taxation Budd Wheel. 3% 3y 3 McLellan Stor s 5 Autcmobile Parts and Tires. sociation of British investment trusts | ; crooked breasts, 13; chickens, | cause of the sharp reduction in car ill be give ial attention at the | Bullard Co. 7% 10 Mack Trucks (1), 4 2 Goodrich (B. F.) Co. producing 21.- had been formed to protect their Plymouth Rocks, 3 pounds end over, | 10adings up to now there was & disposi- il b elvcicnens Burr'ghs A M (80c)-. 6 Macy (H R) (n2) t 000 tires daily: plants are operating inter-sts and that of their shareholders 20322 2!z to 3 pounds, 13al9; under|tion to believe that the improvement Los Angeles sessions, in fact, this sub- Bush Terminal. 8 h 4 Mallisoh & Co 5 g four days a week on three eight-hour againit defaults on domestic and for- & 2:2 puund~ 18; hens, small, 16a17; |Just ahead weuld be more than seasonal. t 15 expected to be the keynote of the 74 Dush Term deb atk.. 908 217 217 ; " Manhat Elev £t (1) B 12 shifts a day. cign bonds. It was stated that the or- DehS. large, 18a21: Leghorn hens, 14a | Leaders of the rally wcre Lackawanna, ley. Western bankers are particu- Butte Copper & Zine. 16 Manhat Elev mod gtd 3 5% b6 Building, Real Estate and Related Lines. | Eanization had the support of over 250 16: mixed colored ~chickens, 17a18; | Union Pacific and Atchison. Delaware ‘larly worried over the manner in which BresitAAD 62 Marine Midld (80c, 3 ling, O the sdhy iwntmcut ‘Gsts of| Tomtem IL & Hudson was an exception. ithe farmers have becndliflnablel to :11116?5 =5 0% CliloramFPacking.> 9 18% 13 Marmon Motor Caf - 7 Unal‘tfi:i ilau’sdGl.‘;wum Co. f;"(\::!h' Great Britain. Mta!~~Be§r. fls:‘ lamb, 13; veal, 11;| _— their tax payments and have lost their Marshall Field & Co.. operating around 17 per cent of ac- P2 i s 15; fresh kams, 13; smoked | farms. They are ready to push any 14 Callahan Zinc & Ld. . = e +| i V. around 15 per cent duxing the Dflct&;exr;fé;d‘%a;:eff::g pmount Fy : fltflp DacanEat a0 7;2;\L0W PRICES AID SALES Ve & Hecla. ... campaign for lower taxes, news dis- 1% Calumet & H % May Dept Stores (1). Summer. the v 5 214 Campbell-Wyant Fy. [E e new association in Great Britain patches state. 1 Camp yi 5 Mty . . e s e T Hogs, light and medium, | OF U. S. PRODUCTS ABROAD Melville Shoe (1 Z(‘). cavy, 4.00a4.40; pigs, 4.002 | I uestion of branch and unit 6 Canada Drv (1.20) : r : st Miami Copper Westinghouse Electric & Manufac- | thiS country. However, there is less oc- | ;50 'Cughs SRR dian Pacific. %onking will also be prominent again T4 Cana * . t « 214 Capital Admin (A). ! = X . iy casion for work of a salvaging character 3 et a 33 Mid Continent Petm. 5§ turing Co. orders 4000000 pounds of | C35i0D fof work of 2 salvaging character goo. Jamks, '3.00a5.50. By the Associated Press. Sthis year. Further efforts will be con- Jom Cavit Al g, er® FL000 0up) womnas fud o0 Midlana Steel Prod copper as a step to s Tuits—Cantaloupes, = jumbos, 1.2 The iow price of crude mat: 1% Mo Kan & Texas. ... % ment in the basic industrles: plans o | V% 0ose, e, [or Feseo, mf" standards, 10 e Buenels, 30a | this country was reflected in 34 Mo Kan & Texas pf 9 2 expand facilities in refrigerator de- eavy liquidation of forelgn | o). g 00a2.25; peaches, 1.00a | trade cf the United Stete- dv internal and dollar bond.! held by Amer- 1'% Missouri Pacific. partment. 7 < ars, Bartletts, bushels, 1.25a1.50; | first eight months of 1932, when un- ican trusts, so that today their invest- class of commodity shipmen.. .ot w 24, Missouri Pacific pf... 3 2 Hcusehold Products. ments in other parts of the world are S seckels, 1.7522.00; 13% Monsanto Chem 13 . 5 . B lest in their hist , 2.00; Thompscn seed-| 289 per cent of the whole. com- :banks will be one of the remedies of: C) 315 Montgomery Ward. .. Simmons Co—Sales up 25 per cent in the smallest =p sy | less, 2.00; muscatels. 1.25; bananas, pared with but 19.8 per cent during 4% Chesapeake Corp (3). 18 ' Mother Lode. ... first threc weeks of September. while Trace Heavy Losses. : oranges, 3.00a4.00; lemons, 115221 the corresponding period of 1931 ifered as one of the best methods of fur- % C - . ; ! ither strengthening the country’s bank- % Chi & Estern IR vr “ 7% Motor Products (2).. August business was 45 Per Cent 8bOVe | op the other hand, the principle 800; grapetruit, 3.75a4.25; plums, 130a| TPe gain was made at the expense of ‘ing structure. ;l‘ cmu::gz ws:t'p't & " 2 Mullins Mz 1 2 | Juiy. » of geographical diversification of in-|1.75; honeydews, 1.75a2.25; honeyballs, | finished mauufactures. which was re- % Business reports will be presented in .i Chi Mil StP & Pac. 2 3 5 Mullins Mfg pf. Metals (Non-Ferrous). | vestments, which originated with the 2.2532.75; Persian melons, 2.25. sponsible for only 425 per cent of all idetail. It is hoped they will do much 1% Chi Mil StP & Pac pf. F 2% Murray Corp. " American Smelting & Refining Co. | British trusts, has been maintained dur- | _Vegetables—Potatoes, 100-pound sacks, | Shipments during the eight months this sto restore confidence which has been 2" Chi & Northwestern.. ¥ Nash Motors (1) 5 reduced price of lead 10 points to 3.30 ing the depression. They are today 95a1.00; Idaho bakers, 2.25; sweets, | YeAr 88 compared with 508 pet cent yointing upward ever since the Spring 5 Chl & Northwest pf. 20% Nat Biscuit (2.80). 4 cents a pound, New Ycrk. fcing heavy losses, both of interest and | bushels, 60a75; string beans, 1.00a1.25 flurl’ng the same time last year. There are so many matters 3 ChiPasaTeA at Cash Res (A). e principel, frm defaults in South Amer- | limas, 150a2.00; peas, 175a225; car-| ClASsification of other ~cipurts, by of unusual importance to come up for 115 Cht Rock 1 & Pacific. ¢ Dairy Prod (2) 9 - Miscellaneous. ica, Germeny and in the countries|IOts, per 100 bunches, 3.00; beets, per | 8rOups, showed relatively little change. discussion that a large attendance is 4% Chi R1& Pac 7% pt. 5 5 American Home Products Corpora- whose loans were initially supported | 100 bunches, 3.00; squash, 50a65; Hub. | Crude foodstuffs chipments in 1932 iexpected. Los Angeles has always| “¢™ 1,0 Gpjigs Company 5 5 illers pf (+3) 5 5 54 ticn—Sales in first eight months were by the League of Nations as well as in | bard squash, 1.50; spinach, 1.00a1.25: | amounted to 6 per cent of the whole, ‘proved a fine host. 5" Chryster Corp (1) 5 1 St Ewr& Lt D) 9 167 3.7 per cent below 1931. the Far East. 130 sPtfi“lsh chions, 50-Pound sacks, | 35 compared witi®4.9 per cent last year: ! o % 315 Nat Steel (50 ! Recent surveys of British investment ; tcmatoes, 2-peck baskets, 6| manufactured fooastufls to 9.5 per cent, Real Business Test Ahead. 4 City Stores t Steel (50¢) 2 Paper and Paper Products. e T LUt R et . eggplant, 1.00: uulmg:lsr | as compared with 10.1 last year, and 4 - - 74% Coca Cola ( 9 8 1, K 313 Nat Tea (60c).. - 1 In its weekly summary of the general| o, %50 illing & Atkm Vovada Con Copper “ Abitibi Power & Paper Co. Ltd— | they have weathered the depression 1.5022.00; broccoli, 3.50; corn, 50a1.25: | SCMi-manufactures to 13.1 per cent, as ‘business situation, the Standard Statis- 4% Columbia Gas ",1”, 0 ¥ A % ewport Industries. . E E rfg:‘gacngmc'\‘dmdlra‘sd bankrupt by To- :’E"g u:an the t);]ourger tmanfighelxlnex‘*xt a‘f&fefi:"fl%fl} zgnz .00; salsify, per dozen l compared with 14.4 per cent in 1931. Mtics Co. comments as follows: 13% Columb Carbon ¢2). % N Y Central | trusts set up in this country, while in . “While the fundamental improve- Sk Comercinl oMl o ; X EoH e 5 8 6 6 -4l Railread and Railread Equipment. ‘g;h::mo“;h;"cfil there ;:;:senh;gg Amount : Drug Chain Seeks Rent Cut. iment in the banking situation provides 40 Comcl Cred 1st(6%). 3308 2 \ hnck 8 Ann Arbor Railroad—August net oper- | capita] structure, they have not done Steel Operations. CHICAGO. September 27 (#).—Reor- much needed encouragement, it cannot % 10% Comel Inv Trust (2). 2 4 N Y Investors | ating_deficit totaled 817 ve. Income of | 5o well " The British trusts quite uni-| NEW YORK, September 27 (Special). | §2hization faces the Louis K. Liggett sbe too strongly emphasized that the 3% Comel Solv (60¢).... 117 B N Y N H & Hartford. ¢ | $6.207; elght months ceficit $33.943 Vs. | formiy have debenture bonds and pre- | —Trade reports indicate another smali | | €o. which operates a chain of 555 drug ireal test of the business situation and 1% Comwlth & Southern. 56 % 3 NY Ont & Western ; y income $54,822. ferred stocks outstanding at fairly mod- | increase in the ratio of iron and steel | LTS throughout the United States, un- «of the extent of possible recovery still 27% Comwlth&Sou pf (6) 3 9 1 % Y Shipbuilding %| Chicago, Rock Island & Pacific Rail- | oot rates of interest. With the depre- | Production to capacify, with the less it can secure drastic reductions in flies ahead. No reliable sign has yet 6% Congolm Nairn (1).. 6 “ s: 1 | way—Deficit eight months ended AUgUSt | cation that has occurred in their assets, | Pects that the month will PrOs- | yontals, George Gales, president of the lappeared that heavy industry, the ex- E 1 Consol Film.... 1! 78 3 3 . 3 A a5 5 31, $6,879,884 vs. net income $1.695.986. ;i 1ac frequently been found that the | Production between 17 and w“"‘i With | ompany, said today. 'panslcn of which heretofore has formed 2% Consol Film pf % 7 y N € e 3 214 1| Flcrida East Cocst Rai. AUBUSt | Jiouidating value of their shares has| Compared with 14 per cent Tar]“nx:, Gales said. in making public a letter Yone of the main props of American 3115 Consol GasN Y (4).. 104 Norfolk & West (3) 2 105% 105% + 1 | net operating deficit $230.555 vs. deficit | pean requced to a nominal figure. | September. Pittsburgh dupnwmsy in- | 3ent to the company’s landlords request- rosperity, is on the eve of a marked 4 7214 Consol Gas NY pf(5) 40 4 N v %o 4y $243.235; eight months’ deficit, $28,321 is i . 1 dicate a grad ing reductions in rent, that the com- ‘prosperity, 721 G: pL(5) orth Am Aviation.. 23 4y 4% This is, of course, true also in the| gradually improving situation ‘pickup. 5" 4 Consol Oll Corp e & : 33, Nor Amer(b10% stk) 354, + | vs. income of $763.734. | case of American management trusts| Without any speculative aspects to it |PARY faces a critical condition. The Lig- . ..tpl(‘mbcr is nearly past and the -’. Consol T'e(lllleB. 7 5 & :onrc?n r-’}.-m.: P 2115 \neyécr?:t‘xgm‘xngx;:gm 5’—78?&"'\’-:";“:&"53‘“““ a high proportion of debenture | 2nd With promises of a step-up in pro- | Seit chain, formed in 1909, has out. E[f"l industry has recordd only slight 3 Contl Baking (B). orthwest Tele (3 2 91y 29% t operating . $70.566. vs. $342.- | ponasand preferred stock to total cap- | duction next month to between 30 ‘g | StANdIng $9,840.600 of capital stock. all nam. N " o | - Ymprovement, the present level of il | 78 Contl Can (9). %4l 9 Norwalk Tire & Rub. 7187 elght months, 7448 Vs. $2118~ jta] = Not only have they suffered from | 2> Per cent of capacity, of which is owned by the United Drug ioperations, at 16 per cent of capacity. % 3 Cont Diamond Fib; 12 2 e e = 183. o Jcontrasting with the low point of the 63 Cont Insurance 1303 P omcomca0d Y tiscouri-Kansas-Texas Roalroad des.- | jhrinkage in ;hemmd;osmgutflgg e Co “Gepression of about 12 per cent. re-| 3 i Contl Moto 105 31 3 3 % 13 omnibus Corp e a 3 cit, eight months ended August 31, S$1.- | oy e s o e corded a month ago. Electric power out- 3% Contl Ol (D ST B 3 3 ;‘ R S s $60.016, vs. deficit, $752.053. reduction” in’ thelr normal income. as| DIVIDENDS ANNOUNCED SILVER QUOTATIONS. ut, an increasingly important factor in . 24% Corn Products (3) 4 % 14 Otis St Misscuri Pacific Roalroad August net | Giceq or passed and a certain amount | —— NEW YORK. September 27 (. —Bar fhc general _situation, has improved 1% Coty Ine. 5l 1 Otis q el P B | operating income, $€93.925. vs. §1,830.- | of loss has resulted on defaults of for-| NEW YORK, September 27 () — silver easier, '3 lower at 27% gr"duall; relative to last year's show-| .3 14 Cuba Co. G 1 % 25 020: eight months, $4,367,171, vs. $1. eign bonds and on those of A-nery‘an‘ Taitial - R me, but the actual rise has been almost % Cuban-Am Suzar. .. e e e 108591 public utility holding companies. | o qegligible. The recent increase in 7 Curtis Publishing. .. 20 ey @) W 3 New Orleans, Texas & Mexica August | * One of the largest domestic manage- | Compa: Rate. tioa. sl Hdrs off SELL LIFE INSURANCE freight car loadings really tolls little( 86 47 Curtls Publishpf(@). 1 704 ERelfc S Telec(t) ; net operating income off 85.5 per cent; | ment trusts has recently completed the ned Man Trlsc Q Dec. 1 Nov.25| THERE'S MORE MONEY IN IT Tegarding expansion in basic business,| 8% % Curtiss Wright. ’ 4 Eagkard Motor Gar..o 0 : eight_months off 315 per cent. | sale of practically all of its foreign | Rolueids ihcugh it reflects the current seasonal| 4% 1% Curtis Wricht (A) .. 28 Panhandle P & R pf Wabash Railwcy August net operat- | currency bonds. These gave a high |Easle Lock ........50c Q oct. 1 For Information Address gpturn in consumer demand for mis- Da: 5 5% 4 Paramount Publix. ? i |ing deficit, $220.662, vs. deficit $110443; | average income return. It was neces- ‘{,Sg" e oo of g Bo, 40-R, Sur ofiu cellanzous goods. 32 Del & Hudson (6) 2 3 SRR uOA e - 4| eight months’ deficit $845,374, vs. in- | sary, therefore, to rep:ace these bonds cexon favips T Q — % 5% 8 Del Lack & Weste 4 [Eenlcin S Eoraiel 4 7 come of $1,349.616. with domestic issues on which the re- Sgon. " Mich) R Local Bonds in Good Demand. 12 Diamond Match (1).. N St Penney (J.C.) 1. s turn would compare favorably with st Yoren B Yag) - Q Sep. 30 5 “U. S. vt d . Local bonds were in good demand on 2015 Diamond Mtch pf 1% y 515 — 3 6!4 Penna Railroad Utilities. , that abandoned through the sale of the ommm Govt. an fhe Washington Stock Exchange today. 713 Dome Mines(11.30) -~ 3 . 39 Peoples Gas Chi (5) 5 Associated Gas & Electric Co. passed | foreign issues. This organization and |, Com Rate. Period, D TAX FREE 7 z ES 5 5 cemi- | pr estic | Granges Mix o bt guring o 3 Petrol Corpof Am.y. 4 e e e S D e e 11 2 INVESTMENTS” J Markef Co 55 (#)is0eesr 63 3 . - : E'Ogu rded ufifhyll%!o%n. yg at 913} m; B{,':,E,,C(D:B N,)m (2. . 34 Phelps Dodge....... Y 1 ferred and $1.75 on original series pre- | represented the largest proportion and Regular, $1.000 Capital Traction Co. 5s sold at 7 Dy Ltistpf (5). 70s 91 ERlik & Haad C &1 £ o ; ic utilities the next highest per- Sate 2 B ; G al es 80" Wachington Gas 6s. scrics A regis: | — e Ehilns JonesCoov ' (5 % ffl::sduc\a!ed Telephone Co.. Ltd.. com- geux?tl.ugeu e L) S &8 Mo 2¢ ot 'f‘ el ener Secu"" Cered o $1.000 transter at 991, and $200 23 EXflline Patolum mon share earnings. elghts months, Foreign Securitics. Am_inyes: “Co ; il ROBTERT C. JONES & CO Gas 6s. series B, moved at 10175, In the " - 8 + % Phoenix Hoslery 4 ended August 31, $1.87, vs. $3.70. - | aside e e ER 5 1 Tr = d| 32% 8% Elec Auto-L (1.20).. Plerce Oil......c0u0 Y ‘The principle of geographical diversi- Orig i _‘ £ Shoreham Blds. ME. 2022. stock division Capital Traction opened | 32% 83 - : % % Dlctss Satraitnis. s s —_— fication of securities, which the Amer- et 6 for only two shares and . e 2 anas 6 2% Flec Pwr&Lt....... 13 7 3 Pitts United pt. » ican trusts copied from the British|AY ey Shapia “Sacis Sereen 35 155 Tee Sterage Bat(2). 271 273 3 Eristonce a 3 2 U. S. TREASURY BALANCE. Hioacers: m tils finaneial feld, worked R \ferred came OUt &t 105 on & 10-share| 37% 16 Endicott-Johmsonday 3" 3 ; Postal Tel&Cabie bt PE 12| B the Asscciatea Press. Rl *“While *conaltions . were normal | SHSwi §leS? B 4 er. 19 12 Fqunomca Bldg 1%. p % Proctor & Gamble(2) Treasury receipts for September 24 |around the world. It has involved St G Bl oHw & furnove 1% 9 3 _Proct & Gamb pf (5). were $3,323,431.64; expenditures. $5.- | heavy losses of capital and it is doubt- |Jen Kan pw 7, pi. i " Auchincloss, Parker & Dedpat?}, local [ 1200 Prod & Refiners pf. .. 955,595.37; balance, $877,389.593.68. | ful if, in the future, it will be again|Bo. 6t Lt ix e lanmcunce) s their dheithmors |[B10% Public Sve N 1(3.20 Customs dutles for 24 days of Septem- | resorted to as a means of building U G nmxf.- chZ fi i s e s Tl Fublle s\-é NI &z)rs). ber were $20,063.363.5 income or securing satisfactory trading |City Nat B T = 'ullman Corp . % pestmisanied RO COIDH‘:I Ty e iguarters in the Mercantile Trust Build- | 15% 9% Pure Oil. . % The American fixed trusts never went | So1o2 T (Piits) .52 {ihg. Heretofore, this office has been ] i sers et | 1T TREASURY CERTIFICATES |, T" forelgn securities to any extent, ‘i»“»":?f,'.n.’:m Bo.x ol 2% a P41+ + -+|¢| isidered aimed to strengthen the small tbank of the country in order to check ™ g-"{rxflmr’{?‘c‘:‘;c- .bank failures. The advocates of group i ‘banking and branch banking will also O be heard in their arguments, ~Extension e clearing house protection for a! 9% Choa & Ohlo (234) ... 184 EFESFEF FREPEF R L+ . 18 A LARGER INCOME froma Mortgage Bond: i %;fi(‘;:‘g;rrl:\msdfiwzhl:(‘;‘;eun?&::c;%ef ‘ First Naul Strs (238 - (Rebortea by Chss. D. Dagney & oy |as thelr success was predicated on an | Coni Merg he firm and with Clark, Dodge & Co. K Blakramans: = Appreciation In such stocks over & long New York. With the opening of the % Fisk Rubber 1st pf. y new quarters the wire service has been 4 3 Foster-Wheeler. . 91 Reading Rwy (1) extended to include Eastman, Dillon 10% Fourth Nat Inv 1.20. 2 : 2% Real Silk Hoslery - & Co. of New York. - 1 Fox Film )y 1% Reis (R) & Co 1st Dl 10 Freeport- 1 Remington-Rand 1% Reo Motor Car, e 1% Republic Steel. 6 Republic Steel pf. . 5% Deynolds Metals(1). 3 Reynolds Spring. 26% Reynolds Tob B ( L sxTaEss b " [OTO:- SESRR U - Ul Ve appreciation in such stocks over a long D 6% 1 Radlo-Kelth-Orph. 3 33 101 1493 | period of years. They depended not :‘lf;gbsr;f;'r_‘lrst 35 2 only on inccme from these stocks, but RR hal on pf. on trading profits. to pay the large div- | idends which were promised to pro- | Fegsral Am I+ 1+ ++ + i1 e e B 3 e e et L e s _',4“" x‘; 2 trading profits to speak of since 1929. flfjl 1 Rat “Bank 3hs Aug, 1, 01 Thete has been a steady decrease in|pyito “;,"V‘"EB’ 'k- 2%e 114s Sept. 15, . 9 1 income fronmy dividends, though the po- 1t 3%s Sept. 15, sition of several of these trusts has | been materially improved on the asset NEW YORK BANK STOCKS |sifc, i the spprecistion . holdines TOBRS: Copsriht, 1932) NEW YORK, September 21 (P).— st bl | wid m&n‘u"w B i ‘ t Gleaned in Financial District. ! Richard Whitney, president of the New York Stock Exchange, will address he St. Louis Chamber of Commerce evening, taking the exchange as subject. The address will be hroad- : : dast over the national system, beginning 814 Gen Electric (40c). % ° % f”ch?“‘[" O"i @t 1115 Eastern standard time. 19% Gen Foods (2) 9% 1% Rossia Ins of . George Ferris, who has been man- 23% 12%. Royal Dtch(a80%e¢). ager of the S. W. Strauss office here % 14% 3 FRutland RRDpf.. sor several years, has resigned his posi-| 3 5% GenG & Epf A (p7).. 59% 30% Safeway Stores (5).. tion and will open a financial office of 5% GenG & Epf A (p8).. 88 60 Safeway Strspf (6). his own next Samrday lo..atlng in the 18% Gen Ital Edis (2.06).. %| 98% 69 .Safeway Strspt (7). Wuhlnmn ldmg. tive 28 GenMills (3)....... 1 4 17% .. 4% St Joseph Lead.. . Washington and hns ).nd wide ex- 76 Gen Mills pf (6) 9 6%’ % St L-San Francisco perl:nce in the financial field. 7% Gen Motors (1)..... 1034 3 9% 1. StL-San Franpf.... Fredrick P. H. Sicdons, secretary of 56% Gen Motors pf (5)... 4 4 74 Schulte Retail Stores an the American Security & Trust Co., 4 Gen Outdoor Adv (A) 1 Seaboard Air Line. .. 2 g‘:é{i’c’"l CM @). and second vice president of the District 214 Gen Printing Ink % 1% Seaboard Air Line pf a 3 Asswmlv.lxgn. has ’;e:ov:red 1 Gen Public Service. . 7 3 5 % g;: geahv?{rd (h)" Eel 40c. from his recent illness and ack at % Gen Realty & Util 6 17 Sears Roebuck. ... ank 2t his desk. Mr. Siddors is also a mem- 10% Giilette Sat Ras (1), 3 . 1 Second Natl Inv. 2 B e e N : K‘:”.{‘,,“,,i",:,“,‘.‘;’i e e R Pl N ber of the faculty of Washingion 3% Glidden Co....... 1 8 21% Second Nat Inv pf. Chemical (1.80). 4 a | Prague, crown (n Sheaf (W A) Pen pf_$: Chapter, American Institute of Banking. 35 Glidden Co pr pf (). s 31 1 Seneca Copper.. 3 % Continental (1.20 N y Smyth Mfg Co. Business and industrial conditions 2% Gobel (Adolf). 6 5% 1% Servel Inc. . = Empfre (1,60 T ag 3 0,.‘:,'_" "'" crow. ¥ are definitely improving, and the coun- 8% Gold Dust (1.60). ¢ : Y 11% Sharp &Dohme pf (2) Gving (000 341 Mockiohn crawn <. 26 try actually has turned “the corner,” 2% Goodrich (BF). 8! 2% | & Shattuck (FH) 50c.. it b Montreals 9335 discount according to A. W. Robertson; chair- ¥ 2% Shell Union Ofl...... 7 7 PETRRTE ST pLILTS rar of the board of the Westinghouse 29% 5% Goodyear Tire&Rub. 83 38 Shell Union Ofl pf... ; el G Both in Europe and America the pml‘"m"rd & M h ggg Edectric & Manufacturing -Co, 7% Gotham Silk Hoslery, - 10, 224 e % Shubert Theaters % % (o) Tncludes extr office gave birlh to tae Arsi NEwSPAPETS. Southn N By Fei. o5 Investors who cannot afford to take chances will find an excellent invests ment opportunity in New York State Electric & Gas Corporation 4%% First Mortgage Gold Bonds. . Earnings are 3.54 times annual interest charges béfore depreciation. At present prices, this high grade security yields over 5%. +E v EESEERES §2 Over-the-counter market: Milwaul Quotations as of 2 o'clock. FOREIGN EXCHANGE. g “v‘/'z?"r‘e?v i34 “ B BANKS. 7 Bid. Asked | (Quotations furnished by W. B. Hibbs & C0.) | Neijsoy Chase N tional 2. 5 A ‘Nominal gold Selling checks | N e o apeH D ®).. I London, pound Paris. franc Plbdddd -0+ ++4+0010 EFE FEEIFFEFEFEFEN General Utility Securities Incorporated 61 Broadway New York City Circular ] 416 describes this Br & Co ! ] Ridge Av Pass R: ] ] [ | [ 1 : attractive savestment } [ 1 ! | L Bankers (3 & 6% T1% i g San Ant P 8 8 bi 52 IR R N N T e g 13444435 E INSSNSRENGERE 88 SNE5E B8 58 N8.8 8 Name. FEY Addrome e o e e o e e e e et e e e e S ——— 00; nuumoonmnoco 00 00O O OO OO OOOO O 0D O™ OOLO O OO LOOLO KOO LD L e 8 H P