Evening Star Newspaper, August 7, 1935, Page 14

A—14 wwx. TRANGIT OFFICIALS SEEK ECONOMIES Award of Wage Raise to Increase Expenses About $700,000. BY H. B. ROGERS. Award yesterday of about $700,000 ; annual wage increase to workers of the Capital Transit Co. has set com- pany officials to looking for new economies to help adjust their finan- cial situation, John H. Hanna, presi- dent of the company, said today. The first step in this direction was filing of application with the Public Utilities Commission as soon as the award was announced, of application for permission to make savings on the new street cars, by changing them from two-man cars to one-man Cars. This would save the salary of one man on each of the 20 new cars now in operation. These cars, Mr. Hanna explained, are built to be operated either as one-man or two-man cars, and can readily be operated by one man acting both as motorman and conductor. In addition to this, Mr. Hanna said | today. “we may go to the commission to ask their help in effecting savings in other ways to make up for the additional expense to which the com- | pany has ben put by the wage de- cision. The wage award has placed us on an entirely different basis.” June Report Delayed. This wage matter was disclosed to- day to have been the cause for delay until yesterday in filing the Yegular June report of the transit company. ‘The report was completed on the basis of figures available and the company, as soon as it learned the award was to be made public, pasted to the top of its official report a small “addenda,” which explained the operating ex- penses and net income would be sub- Ject to adjustment back to April 1 and that the amount for June was | estimated at about $39,000. June was a big month in traffic, | largely because of the Shrine con- | vention here, Mr. Hanna explained | today. Figures for July are now being } compiled for the next report to the | commission. Since previous monthly reports since April 1 are already on file, it is likely, Mr. Hanna explained, | that the wage increase back to April | 1 will have to be actually accounted for in the next report so that the next | Teport cannot begin to show the earn- | ings of the June report of yesterday. Additional Steps Due. What kind of economies will be sought by the company from the Pub- lic Utilities Commission next, in addi- tion to taking one man off each of the new cars, Mr. Hanna did not disclose today, but he indicated clearly that in the interest of economy his company will take some more definite steps soon. | The question of an increase in the | depreciation item for the company | still is pending before the commission, | but the prospects are that it may be | some time before this can be decided. | Reroutings due to the merger, and; new plans still are costing the com-‘ pany substantial sums, Mr. Hanna | pointed out, and the wage increase has laid another burden on the financial structure. But efforts are being made for the future with traffic on the steady upgrade so that the company may hope some day, after rerouting changes are over and new economies installed, to look forward to increased earnings. Fail to Share Hopes. Predictions by others of the savings expected immediately from the merger never were shared by either himself or William F. Ham, former president of the Potomac Electric Power Co. and the Washington Railway & Electric Co., Mr. Hanna emphasized. He said they realized the immediate results of the merger would be expense to the company instead of economies. At the present time he estimated there was some economy in mileage through rerouting. History of the transit companies, not only in Washington, but through- out the country, shows that their traffic declined to a low point esti- mated to be about July, 1933, but from then on there was a general pick-up. The merger here in December, 1933, with its universal transfer and pass, caused an amazing increase in traffic, which still appears to be on the ‘upgrade. Opens C. B. & Q. Office, F. P. Cratbe of Denver, Colo., has establisted an office as general agent of the Burlington Route, in the Woodward Building. Mr. Crabbe, who says the West is getting an increasing business from the East, was former sssistant general freight agent of the Colorado & Southern Railway Co., a subsidiary of the Burlington Route. Walter S. Pratt, jr., was receiving congratulations today from his many friends in the financial district upon his selection as president of the Equitable Co-operative Building As- soclation to succeed the late John Joy Edson. Mr. Pratt emphasized that there would be no change in policy in operation of the company. Mr. Pratt, & member of an old Washington fam- 1ly, was educated here, is a member of the local bar, and well known in financial and civic circles of the city South America Gains. Substantial gains during the second quarter of the year were made in credit and collection conditions in Latin-American countries, according to the Foreign Credit Interchange Bu- reau of the National Association of Credit Men, which yesterday released details of its twenty-seventh regular survey, conductec among the member firms of the bureau who are active in exporting to those countries. Federal, State and local units of government are drawing one-seventh of their total tax revenues from land transportation, with taxes on owner- ship and use of motor vehicles reach- ing a total-of $1,264.729,000 in 1934, while railroad taxes aggregated $239,- 498,394, These facts were revealed in a re- port issued by the National Highway Users' Conference and based upon compilations by the United States Bu- reau of Public Roads the Interstate Commerce Commission, the American Automobile Association and the Bu- Teau of Railway Economics of the American Railway Association. Harry Harding, assistant treasurer of the Union Trust Co., is on vacation at Richmond, Va. Capital Transit stock dropped a full point in trading on the Washington Stock Exchange today, oelieved to be caused by announcement yesterday afternoon o1 the $700,000 anriual wage increase. The stock sold at 18, today as comparec to a former 19%. Investment Co. of America—Liq- uidating value of common stock of High. % 33815 12% 12% 8% 149% 1% 20% 1% 7 162 6% 3074 65% 146% 25% 57 16% 33y 1™ 3 67 34% 38% 9 47T 144 19% 106 43 70 24% 1832 99 1008, 190 470 115 514 57 10% 3% 1% 20% 42% 2?0% 5T% 18% 27 company was reported as about $34.05 @ share based on balance sheet as of July 3L ; { Prev. 1936 214 118 FINANCIAL. private Stock and Low. 43% 32 Abr & Strauss (11). 4% Adams Express.... 28 AdamgMillis (2)... 8 AddreSsog’h(alfc). 4% Advance Rumley ._. 6% Affiliated Pro (60c). 104% Air Reduction (13). % Air-Way Elec Appl. 15'% Alaska Jun (160c).. % Alleg Corp (d) .__ 2% Alleg pf w$30w (d)_ 6% Alleg prpf (d) ——_—- 125 Allied Chem (6) ... 3% Allied Stores 49 Allied Stores pf (5). 12 Allis Chalmers . __ 14 Alpha Port Cmt (1) 2% Amal Leather 26 Amal Leath pf ($2). 48'; Amerada Corp (2).. 41% Am Ag Ch Del (2) 13'2 Am Bank Note 43 Am Bk Note pf (3). 110 Am Can (t4) 10 Am Car & Foundry 25% Am Car & Fdry pf. 8 Am Chain & 22': Am Comecl Alcohol.. 612 Am Crystal Sugar. 3 Am Encaustie (d)__ 2 Am & Foreign Pwr_ 12 Am & For Pw $§6 pf. 14 Am & For Pw $7 pf. 3% Am & For Pw 2d pf_ 8% Am Hawaiian S$(1) 2% Am Hide & Leather. 17 Am Hide & L pf 2914 Am Home Pr (2.40). 2% Am Ice 41, Am International ._ 9 Am Locomotive 1812 Am Mch & Fy (80¢) 414 Am Mch & Metals 1312 Am Metal 14 Am Power & nghl 8% Am Pw & Lt $5 pf__ 10% Am Pw & Lt $6 pf 1014 Am Radiator 15% Am Rolling Mills 66 Am Safety Raz (5)_ 4': Am Seating vte ___. 31% Am Smelt & Ref 121 Am S&R 7% pf (7). 12 Am Steel Foundry 88 Am Stl Fdry pf (2). 3312 Am Stores (12) ... 51% Am Sugar (2)_ 18': Am Sum Tob (1 9874 Am Tel & Tel (9).. 72 Am Tobacco (5) . 74% Am Tobacco B (5) 9 Am Tvpe F pf (d) Tix Am Water Works 48 Am Wat W 1st (6 4% Am Woolen 25'c Am Woolen pf 3 AmZinc& Lead . 3 Am Zinc & Lead pf_ 8 Anaconda Copper... 16'i Anaconda Wire 100 Anchor Cap pf(6'5) 36 Archer Dan M (+1). Archer Dan pf (7) .. 97 Armour Del pf (7). 3% Armour of Illinois 551 Armour (111)pr pf 6 Armstrong Cork 50c 4 Arnold Constable 7'. Asso Dry Goods Asso DG 1st pf(29) ss0 Oil (a80c) 35% Atch To&S Fe (a2)_ 66% Atch To&S F pf(5) 19%: Atlantic Coast Line 3 Atl Gulf&W Ind 21% Atlantic Ref (1) 106% Atlas Pwr pf (6) 4 Atlas Tack __ 15 Auburn Auto 5% Austin Nichols 2% Aviation Corp(Del) 1': Baldwin Loco (d) . 71z Baldwin Loco pf (d) 715 Baltimore & Ohfo _ 9'« Baltimore & Oh pf 26'< Bang & Aroos (21) 106'4 Bang & Aroos pf(7) 31 Barker Brothers wire direct to The Star. Bales— Dividend Rate. Add 00. High. 20s 45 17 7 3.31 1 404 1 2 20s ms 1 108 6 19 3 20 16 30 1 208 51 50 9 44 30 1 20s 13 32 Barker Brothers pf 140s 5% Barnsdall Corp 371. Bayuk Cigar (+50c) 107% Bayuk C 1st pf (7) 141 Beatrice Cre (a50c) 72 Beech-Nut P (+3) _ 11% Belding-Hem (a50¢) 117% Bendix Aviatien 15% Beneficial Lo (13 34 Best&Co(2) . 21% Bethlehem Steel 55% Beth Steel pf(a1%) 14% Bigelow-San Corp_. 9% Blaw-Knox 16% Bloomingdale (40c) 103% Bloomingdale pf(7) 2 28% Blumenthalpf .__. 614 Boeing Alrplane _ 39% Bohn Alum &Br (3) 90 Bon Ami (A) (+4) 43 Bon Ami (B) (12)__ 21 Borden Co (1.60) 28Y Borg Warner (1%) R1: Bridgep't Brass 40c 241. Briggs Mfg (2) 221 Brizes & Strat (3) . 30% Bristol-Mvers (+2)_ 3612 Bklvn-Man Tr (3) . 1% Bklvn & Queens ___¢ 14 Bklyn& Qpf (2) 43 Bklvn Union Gas(5) 53 Brown Shoe (3).___ 4Y Bueyrus Erie 814 Bucyrus Erie ev pf_ 62% Bucvrus Erie pf (2) 3% Budd(EG)Mfg _. 23 Budd(E G)Mfg pf. 2% Budd Wheel .. 8% Bullard Co % Burns Bros(A)(d)-. % Burns Bro B (d) 3 Burns Bropf (d) ___ 13% Burr Add Mch(é0c) 1 Bush Terminal (d). # Butterick Co (4) 11% Byers (A M) e———————— 301 California Pkg(1%) 1, Callahan Zine _.. 215 Calumet & Hecla 715 Campbell-Wy a40c... 8% Can Dry G A (40c) 9% Canadian Pacific .. 30 Cannon Mills (2) ... 4% Capital Admin (A)_ 3215 Cap Adm pf A (3) __ 45% Case (J 1) Co E 361 Caterpillar Tr (11). 191 Celanese Corp _ 1% Celotex Co (d) 11% Celotex Co pf (d).. 22% Cent Aguire (1%) . 34 Central RRofNJ. 6% Century Rib Mills _ 38% Cerro de Pasco (4). 3% Certain-teed Prod .. 23 ertain-teed Prpf.. . 374 Ches & Ohio (2.80)_ 36 Chesapeake Corp(3) 7 Chi & East Tl pf (d) % Chi & Grt West (d) . 1% Chi & Grt W pf (d)_ 15% Chi Mafl Order (1) % Chi Mil StP&P (d) % Ch{ M StP&P of (d) 1M Chi& NW @) _ 3% Che& N W pf (d) .__ 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf._. % Chi R [&Pac (d) 1% Chi R 1&P £9% pf(d) 1% Cht R 1&P 7% pf(d) 25% Chickasha C O (2) . - 3% Childs Co 9 Chile Copper 31 Chrysler Corp 16 City Ice & Fuel (2)_ 87 City Ice&F pil‘%). 3% City Stores 12% Clark Equip (lot)_.. 161% Coca-Cola (8) 53% Coca-Cola A (3)... 15% Colgate-P-P (50¢) .. 9 Collins & Alkman _ 69% Collins & Aik of (7) 6% Colonial Beacon Ofl % Colo Fuel & Ir «d) .. 341 Colum Plo vtc (+1)_ 67 Colum Carbon (4) . 39% Comecl Credit (2) __ 56% Comel Inv Tr (t2)_. 98% Com I T ev pfi4%)._. 17% Comel Solv (t60c).. % Comw & Southern._. 29% Comw & Sou pf (3) 27 Congoleum-Nt1 §0) 9 Congress Cigar 23% Conn Ry&Lt (4%) 41 Conn R&L pf (4%). 7 Consol Cigar 71 ConCprpf wwé%. 3% Consol Film e 14% Cons Film pf(31%). 15% Consol Gas N Y (1). 72% Consol Gas pf (5) 1% Consol Laundries... 6% Consol Ofl 28 5 10s 1 1 T4 1 Consol Textile...__ 8% Container Corp (A). i THE EVENING STAR, WASHINGTON. D. . WEDNESDAY, AUGUST 7, 1935. Net. Low. Close. Chge. 43! L4 EF B8 PR FEIRAEFES F OREEPER | 152 FINANCIAL, STOCK AVERAGES Net change.. +.1 Today's close 64.1 Previous day 64.0 Month ago-. 625 Year ago. 474 1935 high 64.5 1935 low.... 495 1934 high .. 61.4 1934 low ... 453 1932 low ... 17.5 1929 high ..146.9 1927 low .-. 51.6 . 1935 Stock and Low. Dividend Rate. 2% Container Corp (B) 2 415 Contl Baking (A)... 17 % Contl Baking (B) __ 12 46% Contl Baking pf (4) 62% Contl Can (2.40).__ 14 7 Contl Dia F (a30c) - 28% Contl Insur (11.20)_ % Contl Motors._ 15% Contl O Del(a3 41% Corn Ex BK&Tr (3) 250l 62 Corn Prod Ref (3) 4's Coty Inc 357% Cream of Wh (12) _. 1214 Crosley Rad (a25c) 23'% Crown C&S (1) 43 Crown C&S pf(2.70) 312 Crown Zelleb'k vte_ 14 Crucible Steel _ 471 Crucible Steel p: 1 CubaCo 5 CubaRRpf . 54 Cuban-Am Sug: 40'; Cuban-Am Sug pf- 2608 8915 Curtis Pub pf (7). 2 Curtiss Wright 6% Curtiss Wright (A) ¢ 73 Cushmans pf (7)_ 16 Cutler Hammer 37 17 108 22% Deere & Co. .. 19 Deere&Co pt (375¢)- 231; Delaware & Hudson 11 Del Lack & West _. 65 Detroit Edison (4) - 26} Diamond Mtch {17 3414 Dome Mines (12 6% Dominion Stores 17's Douglas Aircraft.. 6% Dresser Mfg B ... !4 Duluth S S & Atl 12% Duplan Silk (1) 865 Du Pont de N(2.60). » Du Pont deb (6) .- 8 3% Eastern Roll Mills. 110!; Eastman Kod (5) 164 141 kEastman Kod pf (6) 23% 16% katon Mfg (1) 7% 3% Eitington-Schild 29 194, Electric Auto Lite_. 112 107 Elec Auto L pf (7). 8. 3% Electric Boat _ 8% 5% Elec & Mus Ind.. 5% 1% Elec Pw & Lt___ 213 Elec Pw & Lt $6 pf_ 3 Elec Pw & Lt $7 pf_ 39 Elec Stor Bat (2%). 52% Endicott-John (3) .. 132 125% Endicott-Joh pf(7). 5 1 Engineers Pub Sve- 38 14 Pub Sve $5 pt 40 143 Eng P S $5.50 pf ww 14 T4ErleRR__ 17% 8 Erfle RR1stpf.__. 14': 10% Eureka Vac C (80c) 23% 15 Evans Prod (al)... 5 2 Exchange Buffet 17 Fairbanks Morse 6 T1'; Fairbanks M pf i3% 30s 48 Fed Lt & Tr pf (6) 208 3% Fed Motor T (allc) 74 Fed Water Sve (A) 16}y Fed'd D Strs (160c) Z8% Fid Ph ¥ In (11.20). 131 Firestone (40c) . 84'; Firestone pf (6) A_. 45% First Nat Strs (233) 20% Kood Machine (1) 97 Foster- Wheele: 8% Fox Film (A) 30% Frank Sim pf $3 17% Freeport-Texas (1 15 Fuller Co pr pf. 110s | 2650 ! 120 81 e 21 41 s g @ Sneforavoniine 5% Gen Am Investors.. 32% Gen Am Trans(1%) 11% Gen Asphalt__ - 73 Gen Baking (60c)-. 5% Gen Bronze. 32% Gen Foods (1.80) ... 597 Gen Mills (3) 26% Gen Motors (12 « 1071 Gen Motors pf () 3% Gen Outdoor Adv_. 10 Gen Outdoors Adv A 9315 Gen Print Ink pf(6) 1'x Gen Public Service- 15% Gen Ry Signal (1).. % Gen Realty & Util_ . 14% Gen Real & U pf ww 16% Gen Refractories _ 14 Gen Stl Casting pf. 12 Gillett Saf Raz (1) 70% Gillett Saf R pf (5). 214 Gimbel Bros._ 18 Gimbel Bros pt 23% Glidden Co (11) . 10% 104% Glidden Co pr pf (7) 4% 1% Gobel (Adolf) (d)-- 18 14% Gold Dust (1.20) .~ 120 111% Gold Dust pf (6) ... 11% 7% Goodrich (B F).... 26% 15% Goodyear T&R . ____ 92 170 Goodyear $7 pf (4)_. 5% 2% Gotham Silk Hose_. 3% 1% Graham-Paige 9% 5% Granby Consol 5 2% Grand Union _ 29% 14% Grand Unpf (1%) 29% 18% Granite City Stl (1) 36% 26 Grant (WT) (11).. 22% 9% Grt Northern pf 12% 9% Grt Nortn Ore (50c) 32% 26% Grt West Sug (2.40) 55% 20% Greyhound Corp . 2% 24 1 Guantanamo Sugar. 12 Guif States Steel .. — e 7% 4 Hall W F Printing 96 63 Hamilton Watch pf. 108 101 Hanna (M A)pf(7)- 24% 16 Harbison Walk (1). 12% 5% Hat Corp of Amer__ 3% 1% Hayes Body ...... 117% 85 Hazel AtlasGl (‘) 85% 71 Hercules Pw (13) _ 128 122 Hercules Pw pf (7) 118 104 Hershey Ch pf (4). 14% 5% Holland Furnace __ 42 30% Houd-Hersh (2%) A 184 6% Houdaille-Hersh B 68% 49 House Finpf (3%). 17% 9% Houston Oil 3% 1% Houston Oil (new).. 56 43 Howe Sound (3) 13% 6% Hudson & Man pf__. 12% 6% Hudson Motor Car. 3% % Hupp Motors 17% 83 97 86% 4% re &8s - Bonifn rolkwalurorcoawians - 3 @ 2.2 - e Do 9% Illinois Central 2381% Indus Rayon (1.68). 60% Ingersoll-Rand (2)- 46% Inland Steel (2) 2% Inspiration Copper.. 6% 4 Insur ShMd cfs 15c. 16% 8% Interboro R T (d)_— 7 4% Interlake Iron 5 2% Int Agricultural ... 42% 26 Int Agricul prpf-_. l!“’/fi 149% Int Bus Mach (16)_. 3% Int Car'rs Ltd (20¢) 22% Int Cement (1) 53% 34% Intl Harvester(80c). 1% Int Hydro Elec (A). 1% Int Merch Marine 22% Int Nick(Can) (60c 1% Int Paper & Pw (A). % Int Paper & Pw (B). 3 Int Paper & Pw (C). 4% Int Paper & Pw pf.. 21% Int Priut Ink (1) _ 24 Int Ry C A(A)etfs . 9% Int Ry C A pf .. 29 Int Salt u%). 42% Int Shoe (2) . 5% Int Tel & Tel . 8% Intersttae Dep Strs. 70% Int Dept Strs pf (7) 6% Intertype (a20c)... 66% 38% Johns-Manv (a50c). 73% 50 Jones&Laugh?%pf 190- 15% 7% Kaufmann D S(80c) 26 21 15% Kayser(J)&Co(50c) 35 2% % Kelly-Spring T (d). 11 20% 6 Kelly-ST6%pf(d). 1 23% 6 Kelsey-Hayes (A).. 14 15 60 Util. Stocks. —3 35.7 36.0 33.1 275 36.3 21.6 40.6 242 239 1843 618 Complled by the Associated Press Sales— Add 00. High. 3% ™% 1 63% 41 1% 21 —1 471 472 45.5 366 475 348 514 349 16.9 157.7 61.8 MUK~ 61 71 15% + % 20% — % 19—y |for 1098133 to Mackubin, Legz & 21% Co, of Ball T+l 4+++1 014001+ @ + I+ +00+001000 and Bales— Hit mvmou Rate. Add 21% 3% Kelsey-Hayes (B).. 18% 12 Kelvinator (160¢).-. 21% 13% Kennecott C (60¢) - 38 23 Kinney (G R) Co pf. 1038 Low. 12 Laclede Gas St L. 19% Laclede Gas pf. 81 Lee Rub&Tire (50¢) 10% Leh Port Cement. . 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf_ 5 Lehigh Valley R R_ 671 Lehman C (12.40) . 10% Lehn & Fink (1%) 21%: Lib-O-Ford G1(1.20) 21 Life Saver (1.60) . 93% Ligg & Myers (14)B 17% Link Belt (80c) ... 24% Liquid Carb (1) ... 31% Loew's Inc (2) 1 LoftInc_ 1% Long Bel! 33 Loose-Wiles (2)_.. 181 Lorillard P (11.20)~ 141%: 124 Lorillard P pf (1) 1% % La Oil Ref (d)__. 19% 10% Louisv G&EpfA 1%. 47% 34 Louis&N:i \IZ%J 23% 12% Ludlum Steel_. 46 354 13 12% 40 McAndrews&F(12). 28 McCall Corp (2)._ .. 7% McCrory Stores (d). 612 McCrory Strs B (d). 57% McCrory pf (d) .- 36% Mclintyre Porcu (2) 90!z McKeesport T P (4) 5% McKesson & Rob - McKesson & Rob pf McLellan Stores. .. 2 McLellan Stores pf. Mack Truck (1) Macy (R H)& Co(2) Magma Copper (2) . Manati Sugar (d) Manati Sug pt (d)_. Man Elev gtd (d) _ Man El md gtd (d)._. Maracaibo Oil Exp.. Marine Midld (40c). Market St Ry pr pf. Marlin-Rockwell(2) Marshall Field & Co Mathieson Alk(1%) May Dept Str (1.60) Mu_vlzg Co-.- Maytag ww ($3%) s Maytag 1st pt (6) Melville Shoe (23 ). Merch&M Tr (1.60). Mesta Mach (1%) .. Miami Copper = Mid-Cont Pet(al5c) Midland Steel Prod. Midl'd Stl 1st pf(8) Minu Molige Fw __ MStP&SSMlsin. Mission Corp .. Mo Kans & Texas _. Mo kKans & Tex pf Mo Pacific «d) + Mo Pacific pf (d) _ Mohawk C M ( Monsanto Chem (1) 21% Montgomery Ward._ 567 Morrel & Co (3.60) 14 Mother Lode 17% Motor Products (3)_ 7ix Motor Wheel (60c)_ 7 Mullins MIg....... 4% Murray Corp e H‘ 19 21 8y 91, 11 Nash Motors (1) 14 Nashv Chat&St L. 412 Nat Acme Co 6% Nat Aviation 22% Nat Biscuit (1.60).. 1312 Nat Cash Rk A (50¢) s Nat Dairy Pr ( 231 Nat Distillers (2) _ JG Nat Supply Co pf_.. 81 Nat Tea (60c) 21% Neisner Bros (11)_. 312 Newberry J J(1.60) ‘ewport Industries NYCentral RR __ ANYChi&StLopf__ 3 N Y Investors (d) __ N Y N H & Hartfora 6 NYNH& Hartf pf 2% N Y Ontario & West 1 s N Y Railways pf___ 16!x 6' N Y Shipbuilding.. 921; 69 N Y Steam pf (6)_. 100 79 N Y Steam 1st (7 43 30% Noranda Mines (2)_ 188 158 Norfolk & W (18) _ 2 North Am Aviation 9 North AmCo (1) .. 531 35'3 North Am Co pf (3) 96 57 North Am Ed pf (6) 21% 131« Northern Pacific __ 441 357 Northwest Tel (3)_ 14% 4 21% 1414 9% Ohio Oil (a1dc) 4% 1 Oliver Farm Equip. 267 13% Oliver F E prpf A_. 51 31 Omnibus Corp __ T 4% Oppenheim Collins_ 22 11 Otis Elevator (60c) 125 106 Otis Elev pf (6) . 121 4% Otis Steel 493 38 Outlet Co (2) 2 104 80 Owens-11l Glass(4). 15% 14 Pac-Amer Fisheries 26% 13! PacificG&E (13%5)- 43 19 Pacific Ltg (2.40)_.. 21 12 Pacific Mills__ 13414 111% Pacific T& T Df (6). 9 6% Pac Wn Oil (b40c)_. 315 Packard Motors._ 6'3 Panhandle 1'&R pf_. 2% Par-Public cod (d). 2% Park Utah % Parmelee Transp't._. 12 Pathe Exchange 8 Pathe Exch (A)... 814 Patino Mines 3, Peerless Motor. 6412 Penick & Ford (3) 57% Penney J C (2) 2% Penn Coal & Col 3 Penn Dixie Cement. Penn RR (1) 110% Peoples D S pf(6%) 17% Peoples GasChi __ 13 Pere Marquette pf_. 75% Petrol Corp- .. 12% Phelps Dodgfl(l25c) 23 Phila Co 6% pf (3)- 3815 Phila Co pf (6) new 31 Phila Rap Tr pf(d).- 1% Phila & Read C&l... 35% Philip Morris (1) ... 13% Phillips Petrol (1).. Y Pierce Oil . 2% Pierce Oil pfi _____ 55 Pierce Petroleum _. 31 Pillsbury F1 (1.60) . 512 Pitts Screw & Bolt... 1% Pitts United Corp... 241 Pitts United C pf. 6% Pitts & W Va 1 Pittston Co 6'2 Plymouth Of 64 Poor & Co (B) .. 15 Porto R Am Tob(A) % Porto R Am Tob(B) 4% Postal Tel&C pf (d) 5 Pressed Stl Car (d). 42% Proc & Gambi (134) 20% Pub Sve N J (2.40).. 62% Pub Sve N J pf (5) 85% Pub Sve N J pf (7). 97 Pub Sve E&G pf (5). 34 Pullman Ine (3).... 5% Pure Oil 34% Pure Ol 6% Df<-._. 495 Pure Oil 8% pf.._. 1 8% Purity Bakeries (1). 17T% 6% 4 Radio Corporation.. 62% 50 RadioC'ppfA (3%) 63% 35% Radlo Corppf B._.. 2% 1% Radio-Keith-Or (d) 21 16% Raybestos-Man (1). 9 3% Real Silk Hoslery._ . 50 20% Real Silk Hose pt... 2% 1 Reis (Robert) - 5 Reis (Robt.) 1st pf_ 3 Nat Dept Strs pf(d)2480s Prev, 1638 High Low. 11% 96 00. High. 10 19% 19 12% Lowi. Close. cln 18% 19 + % 125% 12% — % 19% 20% + % 29% {30% +141 3% 4% + % % 26% 256% + % 110 111 % 30% 30% — % 26 41% 22% 6% 10% 4% 18% 69 2414 23% b5 43% 46 * 25 41% 36% Bafewa: * St 6 Savage 56 20% Seab’d 31 1% Second 121 32 31% 31% 32% 31% 31 40 39% 39w 1% 1% 1% 1 1% 1% 40% 40% 40% 24% 24 24% 144% 144 144% e . 19% 19% 19% 4 a4 =« 20% 20'; @ GCankdanRKSane~Dae 7% Servel 9 Sharon S 5 Simms 15% Snider 3 11 35 347 3 s 1071 Sol Am 10 20 Sou Po! 52 Southe 3812 d!“q 38! 7 Southe 120% 120% 120% 6 42 Spalding(AG)1st pt 592 Spang Chalf pf (32) 190s Sparks- 3% Spear & Co 354 13% T4 Sperry 81 Spicer 21y 45% 320 1% 38% 22% 1% T 9% 314 9% 29's 46% 32% 4% Stand 3u lw. 110 Safeway Strs pf (7) 10% St Joseph Ld (40¢)_ -San Fran (d).. 1 St L-San Fr pt (d) 22 Schenley Dist! 1% Schulte Ret: 8 Schulte Re Strs pf_ 230s Scott Paper (1.80)_. % Seaboard Air L (d). 2 Sears Roeb’k(a75c) 40 Sec Nat Inv pf $2%. 7 4 Shattuck(F G) (25¢) 5% Shell Union Oil____. 63% Shell Union Oil pf__ 2 8% Silver King C(40c)- 6 Simmons Co _ Socony- 105% South Cal Ed (1%)- 12% Southern Pacific __ 437 Spiegel-May-Stern_ 6 Spieg-May-Srts __ 13% Stand Brands (1) _ 215 Stand Com Tobacco 1'; Stand Gas & Elec__. 1% Stand G & E $4 pf__ 6 Stand G & E 37 pf. 7% Stand Inv Corp.___ 27% Stand Oil of Cal (1) 23 Stand Oil of Ind (1) 35% Stand OIlN J (1) 121; Starrett(LS) (a2ic) 58% Sterling Prod (3.80) Sterling Secur pf___ TRANSACTIONS ON THE NEW YORK S’I‘OCK EXCHANCE Btock and Dividend Rat: 17% Reynolds Metals (1} 12% Reynolds Sp (t40c) 43% Reynolds Tob B (3) 29% Royal D a1.70 1-10c. 43% 43% 38% 384 112‘/; 112% 112‘/. 18% 18% 1% 1% 18 10s y Stores (3) 1% Arms 18 30 2% 1545 G! 1 St) 10s O Del (t60c) 12 114 Nat'l Invest 4 308 54 29 2 11 28 Inc. Steel Hoop.. 13 Pet (a50c)_o 60 Skelly Oil pf ww_ Packing ... Vac (30¢) Inv pf(5%) rto R Sug(2) 111% 111% 23% =23% + 19% 19% 18% 18% — N = MW % -~ ¥ 60 60 87 87 4% 4% + 11% — rn Railway_ rn Rwy pf__ 208 = Withington 4 305 40 4 25 46 162 5 vic (aZ5e)-. Mfg G&ES$6pf_. 6% Stewart-Warner 2'; Stone & Webster. 21, Studebaker Corp 60 Sun Oi 1 (1) » Superior Oil Superior Steel « Swift & Co (750e) - % Symington (d) 1% Syming 6% Telaut ton (A)(d) - ograph (60c) 4 Tennessee Corp 16 28% Texas Texas Corp (1) _ Gulf Sul (2). 31, Tex Pac Coal & Oil . 8': Tex Pa c Land Trust 4 Thatcher M (ab0c) - 5'% The Fair __ 61 The Fair pf (312%) 2+ Therm, oid Co 2 Third Avenue._ 13% Thompson Products 1% Thompson Starrett. T Tide W: Tide Wat A O pf(6) 84 at Asso Oil 4% Timken-Detroit 28% Timken R B (1) 47 Transamerica(30c). 15 13 89 10s 120 10810 414 Truax 2% 28w 10815 2% 26% 25% 1 Ulen & 28 Union 14% Un Oil 9% United 4'2 United 20% United 13 United 46 United 1% United 20% United 8% United 41; United 314 United 715 United 9 United 11 40z U S Gy USGy 53% Und-Ell-Fisher (2) T% Trans & Westn Air_ 5's Transue&Williams._ 17 Tri-Contl Corp ... -Tra Coal 3 Truscon Stee 2% Twin City RT_ 18 Twin City R T pf 224 Co 2 2 653 Bag&Pap (2) 3 44 UnCarb&C (1.60). of Cal (1) 8213 Un Pacific (6) . 20% Un Tank Car (1.20) Aireraft__ Afr Line vtc Bisc (1.60) _ Bisc pf (7) Carbon 2.40. e Corp pf (3)-. Drug.__ Dyewood.. Elec Coal... Fruit (3)___ Gas Imp (1) +% %+ % ey 39 | 4'; US & For'n Secur_. U S Freight (1) psum (1) _ psum pf (7) 5‘\ U S Ind Alcohol (2) U S Leather vte ___ S Leather A vte © S Leath pr pf vte 1% 20's 20 4 4 7% 20%, 125 10% 49% 94 o U S Re: L US Rul U S Ru 21% 20% 125 124 1% 10% 50 49% 94 94 4 44 ““ 508 29 33, 108 313 United 51 4% -4 1 264 41 131 2w 1 3% 21% 25 381y 4% 274 11% 3 s 1% i 5% 2% Warne T4% T4 : 14 Ware ™% 1T T 5| % e H 5% + 2 2614 116% 116t e 383, 38% 22 22 22 10 9% 9% 19% 18% 19 43% 43% 43% 3 3 4% 116 6 39 * Westn A5 s, 32% Westin 23% 481 23 e 234 LI porl ey i 46% Wheel “ 335 83 Bs + % i 6% 6% 64—l e White 2% 21 2w I8 Wit 49 48 a8y -2 15 15 16 + 1% s 1%+ 95 9% = % 3% 34 + 1% + 5% - 51 11% Worth 25% Worth 20 Worth 523 40% 2 100 1121 121 121 l{ 112% 112% llf‘m il 9 754 89% 13% EFFFFES 77 17% Yale & 2% Yellow 311 Yellow 18 Young 381 Young: 208 1% Zenith 2 6% 545 o1% 1:00 P.M. 2% 19% % 50 1% 12 declattUnn of traan EI.I‘II irs. $ Accumt Teorsanized X B 11% Vanadium Corp Warren Bros & 7% Warren Brosevpf_. 2 Warren Fdy&P (2). 3 301; Wesson O&S (t50c) West Pa Elec (1)A 36 West Pa Elec pf (6) 397 West Pa Elec pf (7) 95 West Pa Pwr pf (6) 90 West'h'se 1st pf 3% 29 Weston Elec (2) A_. 16% Westvaco Chi “40¢c) 7 351 Wright Aero 73% Wrigley W jr (13)_ 13 Youngstown S& T_ 4% 2% Zonite Products.... 6 A”ndnlhsfl-dsuehnmfl.!. Stock Exchange, 890,001 0 P.M. Total sales o the day. 1.390,000 muanu-unmmmmnubummunn cash mmnu based on d Cm&tni:h 14% U'S Pipe & F (50¢) 9% U S P&F 1st pf 1.20 alty & Imp_ . bber ___ bber 1st pf _ 95 USSmelt&R (af). 27153 U S Steel _ U S Steel pt Stores (A Univ Leaf Tob (12 152 133% Univ Leaf T pf (8)_ Univ Pipe & Rad... 1 UtilPw&Lt (A) - Van Raalte (a25c)-. 34 Vick Chem (12)_ 2!z Va-Car Chemical 171 Va-Car Chem 6% pf 41, Waldorf Sys (b20c) 26% Walgreen Co (1.49). 1% Walworth Co ... 1% Ward Baking (B)._. r Bros Pic. r Bros Pic pf 180s 29 19 40s 508 60s 10s Dairy B vtc. 1 52 Western Maryland._ 2% Western Pacific pf-. < 205% Western Union____. 3 - 18 West'gh'se A B50c_ 151 29 39 20s 10s nghse El a50c. ing Stl pf(31) 1 Motor ___ 6 Rk M S(1.40) 3 Sewing Mch_ 2 Sew Mchpf.. 26 1 Wilcox Oil & Gas . 1 3% Wilson & Co (azic) 58 Wilson & Co pf (6)- 4 Woolworth (2.40) ._ 25 13 ington Pump. 4 Pumppf A.. 60s PumpptB.. 5 -- 208 2 %% +1% Towne (60¢) 2 Truck ... Truck pf._ s Sp& W (11). 9 30 st'wn S&T pf. 1 69 Radio...eee. 6 4 3% 3% 640,000 1 050,000 410000 12:00 Noon the latest quarterly or half-yearly dlated dividends. .mnnu o, Maryland Bonds Sold at Highest —11 | By the Associated Press. -% Mary] price today when $100,000 of State’s 3 per cent bonds were Price in History ANNAPOLIS, Md. August 7. — land securities brought a record issue meani that the interest to be paid by the State will be 1.85 per cent. The proceeds will be used for | rebuilding the 5th KRegiment Armory in Baltimore City. . Harry W. Nice said the bid was a record and that he was “grati- fied beyond measure.” “This is the lowest yield, 1.85 ever received on 3 per cent bonds by the State,” he said. “The price received, 109.8133, is the highest ever received for any State securities.” { R the sold HIGHER JULY SALES By the Associated Press. NEW YORK, August 7.—F. w'a-fl Woolworth Co. reported a gain of 3.3 per cent in July sales over the like month a year ago. The total of $20,- 169,005 compared with $19,564,723 in July, 1934. For the seven months the total amounted to HMJIG&”. com- pared with $143,340,997 last ;acuno of 1.9 per cent. STOCKS IRRECULAR AT END OF SESSION Realizing Depresses Some, but Others Move to New 1935 Highs. WHAT STOCKS DID. Wednesday. Tuesday. Advances Declines Unchanged Total issues. BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, August 7.—Irregular price movements prevailed on the stock exchange today. Profit taking hampered some sections while others were helped along by investment buy- ing and short covering. New highs for the year were made by a few selected issues. The closing tone was irregular. Sales approximated 1,350,- 000 shares. Commodity and other financial mar- kets pursued the same general course of stocks. Grains were barely steady |n Chicago while hogs attained a new fve-year peak in both that center and East St. Louis. Cotton was about a standofl. Corporate bonds did a trifle better but Governments were stagnant. Foreign exchanges were * |'steady. Among shares establishing new 1935 highs were Sears Roebuck, Montgom- ery Ward, General Motors, Brooklyn- Manhattan Transit and Interboro with gains ranging from ': to more than a point. Others on the mend in- cluded American Can, Air Reduction, | Chrysler, Douglas Alrcraft, Anaconda, Kennecott, American Telephone. | Briggs Manufacturing, Paramount : | Pictures and Warner Bros. Those falling back for losses of fractions to around a point included United States Steel. du Pont, United States Smelting, Consolidated Gas Lehman Corp., Mesta Machine, So- cony-Vacuum, Columbian Carbon, Standard Oil of New Jersey, Phillips Petroleum, Santa Fe, Union Pacific, New York Central and Allied Chem- ical. New York Cotton By the Associated Press NEW YORK. August 7.—With | traders awaiting the official crop re- port due tomorrow. cotton was quier today with fluctuations irregular. A little more hedging was reported before switching from October to later deliveries, with the midafternoon | market 6 points net lower to 2 points higher. Putures { 12 lower. closed steady. unchanged to Close 1 1 1 1 1 1 Spot_quiet: mid n—Nominal. Cottonseed Oil. Bleachable cottonseed oil futures | closed barely steady. September, 9.83b; October, 9.88b; December, 9.85b. January, 9.87b: March, 9.96b. Sales, 77 contracts. b—Bid. Liverpool Qloln ons. LIVERPOOL. Augu: ). —Cotton 6.000 bales. -including 1300 American Dot increased in demand: prices 1 point lower; quotations in pence; ~American strict' good middling. 7.19: good middling. 6.89; strict middiing. middiing. 6.69. strict low middiing. 5.50: Tow mid- 3 €00d’ prdinary. 6.04 . Futures closed steady mber. 5.08: January $95; March, 5915 my 5875 dul, b5 Chicago Grain By the Associated Press. CHICAGO, August 7.—Notwith- standing fears of importations of Ca- nadian wheat tumbled wheat values |down late today, the market rallied i briskly at the last. Speculative buying on the part of Chicago operators was a late bullish factor. Something of an offset to | wheat imports from Canada.was no- | tice of re-exports of Argentine wheat from Albany, N. Y. Wheat closed irregular, 's fT to % up, compared with yesterday's fin- ish; September, 90%-7g; corn, un- changed to % higher, September, 7575-76: oats varying from 14 de- cline to 3% advance, and provisions showing 15 to 42 cents gain. High. by 3 Ch‘mu Cash Market. Cash wheat, No. 2 red, 923,a93; No. 2 hard, 1.03; corn, No. 2 yellow, 84% a85%; No. 2 white, 84%; oats, No. 1 white, 35: No. 2 white, 33!2a35; No. 3 white, 31a32':; No. 4 white, 30a 30%; sample grade, 26':a30: rye, No. 2, new. from Indiana, 503 buckwheat; soy beans, No. 2 yellow, old, 10-day shipment, 60, net country station; barley nominal: feed, 34a35; malting, 42a53; timothy seed, 3.15 hundredweight; clover seed, 11.00a 17.25 hundredweight. Liverpool Grain Prices. LIVERPOOL. August 7 (.—Wheat fu- tures closed easy. High Low. Close. Pr.Cl ‘a Yo .78% 1015 23% — % |March 7% Exchanige, 4.05% Baltimore Quof BALTIMORE. August 7 wheat. No. 2 red Winter. domestic, 803%; August, 80%. CHICAGO LIVE STOCK. HICAGO. August 7 (P (United States Dovnrunem oF Africulture). 000 aotive, 08 including = fairly higher than Roesday's ave‘r_?geQalgn 1185 P08 most meats o2 pounds, 11 40a50: plu ltuce “bulk un- sorted packin: 25a40; sorted lots (). ——(Close), garlicky, spot, and choice. onds 12.00a20; kinds of value to sell at 1.50 upward fllrly ncuve and fully others slaw. ac- at unevenly higher 75,with better grade a2 ¥ 1aibe ‘vheven, mostly e ot ambs lightly sorted. 8. ;5, eep firm: native ewes. 2.00a prices. mostly 6 calves and yea: Sheep. 8.000: steady with s choice native top. 9.00; shee; METAL MARKET. NEW RK. August 7 (P.—Coppe Tuiet; eteziroipiic. e and futire % 00; xport. 7.90a7.95. D steads: swot &nd nell’!l 52, futuv: 50.86: ron unchln;td hld u\llel ML New Yo !.n s, Z 2%4 03 future, Antimony, (