Evening Star Newspaper, August 22, 1935, Page 18

TA—18 *x* INSURANCE SALES UP 23 PER GENT July Life Policies in D. C. Far Above Figures for 1934 Month. BY EDWARD C. STONE. Figures bearing on the life insur- ance business situation in Washing- ton, reported today by the Sales Re- search Bureau of Hartford, Conn., show: New insurance written in the Capi- tal in July was 23 per cent ahead of the corresponding month a year ago. Total new insurance sold in this city in the first seven months of the present year was 29 per cent better than in 1934. New policies totaled $4,619,000, gains being scored by 67 per cent of the companies engaged in the life underwriting business here. Today's report for Washington is 26 per cent better than the returns from the States in July, the United States total showing a decrease of 3 per cent. North Carolina noted a gain of 6 per cent, while South Caro- lina was off 1 per cent, Virginia dropped 8 per cent, Maryland 11 per t and West Virginia 25 per cent, ing at the bottom of the list of tates. aryland wrote $6,911.000 in July, ew business in Virginia totaled $5.- 429,000, West Virginia policies aggre- gated $3.806,000, in North Carolina $6,332,000 and in South Carolina $2,- 402,000. With the exception of Mary- iand, business in these States in the first seven months of 1935 was ahead of last vear. Incidentally, Washington made a far better new insurance showing in July and the seven months than did Boston, Chicago, Cleveland, Detroit, Los Angeles, New York, Philadelphia or St. Louis. Insurance men were among the first to claim that there is no longer any depression in Washington. reports certainly back them up. Worried Bankers Relieved. The Bankers' Magazine declares that worried bankers have been grealy relieved by the action of Congress in passing legislation extending the time for the payment of loans by officers to the banks. The further breathing spell will be greatly appreciated as finan- ciers had been threatened witA ‘ines and imprisonment in case such lo ns were not paid. The magazine com- ments: “By granting them an extension of three years in which to settle, Con- gress has taken off a heavy load from the bankers who have borrowed from their institutions and who have heen unable to pay. It will be observed, in this instance, that the penalty which Congress imposed on the impecunious borrower was much more severe than the one the banker can inflict upon his borrowers who fail to meet their loans. For people generally, imprison- ment for debt is no longer a practic- able means of enforcing payment. But the bank officer who borrows from his own bank is looked on as a malefactor for whom imprisonment is a just | penalty. “While the banker who borrows | from his own bank may consider that he has a right to do so, since he is only borrowing out of a capital fund which he himself helped to create, it must be remembered that the capi- tal was created for other purposes. And, furthermore, a banker who gets a loan from his own bank is very £pt to regard the security offered with | greater favor than would be bestowed upon that offered by other borrowers, nor is he likely to be so insistent on prompt reduction or payment of the loan in full when he is the one who must pay,” the magazine adds. No espparent violation of the secu- rities act of 1923 exists in instances where financial publications and statis- tical services in the normal course of business distribute cescriptive infcrma- tion to their subscribers relative to securities for which registration state- ments have been filed, but are not yet efTective, in the opinion of Judge John J. Burns, general counsel to the Secu- rities and Exchange Commission. Participation of wives in Stock Ex- change partnerships is not unprec- edented, but the formation last week | of Gerald M. Gordon & Co. by Gerald | M. and Madeleine C. Gordon gave the New York Exchange its first member irm consisting only of man and wife. ‘The listing of Mrs. Gordon as an office partner raised to 17 the number of women who hold such interests. Financial District Gossip. More than 200 membvers of Wash- ington Chapter, American Institute of Banking, took a moonlight cruise | down the Potomac last evening. It|{ was the first party of the kind planned by the chapter and was a complete success. Dancing was the leudmg, entertainment feature. Holders of American Telephone #tock in this city were greatly pleased with the action of the directors in retaining the 9 per cent dividend. ‘The company has made a remarkable record throughout the depression when the dividend has not been fully earned. It is believed that there are now more than 10,000 stockholders in Washington on account of the New Their | FINANCIAL, Stock and Bales— High. Low. Dividend Rate. Add 00. 62% 51 Acme Steel (12)_o. 1 9% 4% Adams Express. 19 33% 28 Adams Millls (2).. 144 8 Ad g'h(albe). 13% 41 Advance Rumley__. 149% 1043 Alr Reduction (13)_ % Air-Way Elec Appl. 154 Alaska Jun (160¢).. % Alleg Corp (d) . __ 2% Alleg pf w§30w (d). 6% Alleg prpf (d) ____ 21 Allegheny Stl (1), 125 Allted Chem (6) 314 Allied Stores 49 Allfed Stores pf (5). 12 AllisChalmers._ 2'sx Amal Leather 48'; Amerada Corp (2) 41'3 Am Ag Ch Del (2). 13!z Am Bank Note 43 Am Bk Note pt (3)_ 21 Am Brk Shoe (1) 119 Am Brk Shoe pf (7) 110 AmCan (t4) _ 151% Am Can pf (7) 10 Am Car & Foundry. 2513 Am Car & Fdry pf_. 8 Am Chain___. Prev, 1036 » [ EETSI=ER ey S Y Y 612 Am Crystal Sugar_. 57% Am Cryst S pf (a3). % ‘Am Encaustic (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 Hawailan S5(1) 2% Am Hide & Leather 17 Am Hide & L pf 29'x Am Home Pr (2.40). 41 Am International 9 Am Locomotiv 32 Am Locomotive pf _. 18'3 Am Mch & Fy (80c) 4'¢ Am Mch & Metals__ 413 Am Mch & Met vtc.. 1312 Am Metal __ 72 Am Metal pf ($2)__. 1' Am Power & Light_ 8% Am Pw & Lt $5 pf__ 10's Am Pw & Lt $6 pt. 10's Am Radiator 15% Am Rolling Mill 413 Am Seating vte .. 20 Am Shipbldg (2)__. 180s 31% Am Smelt & Ref___. 166 12 Am Steel Foundry_. 47 88 Am Stl Fdry pf (2)- 80x 3313 Am Stores (12) ____. 51% Am Sugar (2) . . 18'2 Am Sumat Tob (t1) 987 Am Tel & Tel (9) _. 74% Am Tobacco B (5) 1294 Am Tobacco pf (6 9 Am Type F pf (d)__ 180s Tl Am Water Works 47 Am Woolen . __ 3515 Am Woolen pf __ % Am Writ Pap (d)___ 2% Am Writ Pap pf (d) 3 AmZinc& Lead . 31 Am Zinc & Lead pf. % Anaconda Copper._. 100 Anchor Cap pf(6%) 315 Andes Copper 36 Archer Dan M (1) 118 Archer Dan pf (7) 3% Armour of lilinois . A 5512 Arm'r(II1)pr pf (6)_ 161z Armstrong Cork 506 4 Arnold Constable._ 8 7'; Asso Dry Goods . 15 807x Asso DG 1st pf(39). 1 35% Atch To&S Fe (a2)_ 22 19's Atlantic Coast Line 3 Atl Gulf&W Ind 21% Atlantic Ref (1) 325, Atlas Powder (2) .. 4 Atlas Tack 15 Auburn Auto._. 5'3 Austin Nichols 2% Aviation Corp(De! 40 36 62 6 49 201y 109 Ry 16 1'; Baldwin Loco (d) .. 712 Baldwin Loco pt (d) 713 Baltimore & Ohlo .. 9's Baltimore & Oh pf._. 36's Bang & Aroos (2%) 31, Barker Brothers _ 32 Barker Brothers pf_ 5% Barnsdall Corp 3713 Bayuk Cigar (1) .. 11' Belding-Hem(a5uc) Bendix Aviation 15% Beneficial Lo a%). 34, Best& Co (2) .. 21%, Bethlehem steel £ 55% Beth Steel pr(-m) 14% Bigelow-San Corp.. 9% Blaw-Knox __ 28% Blumenthal pf. 6'x Boeing Airplan 39% Bohn Alum &Br (3) 90 Bon Ami (A) (14)__ 42 Bon Ami (B) (12)_. 110s 21 BordenCo (1.60)... 33 284 Borg Warner (1%) 16 513 Bridgep't Brass 40c 17 24; Briggs Mfg (2) __ 23'x Briggs & Strat (3) .. 2 307 Bristol-Myers (12)_ « 3612 Bklyn-Man Tr (3) . 90 Bklyn-Man T pf(6). ;1% Bklyn & Queens _ 14 43 32 208 20 BKlyn & Q pf (2)... Bklyn Union Gast(5) 53 Brown Shoe 3% Brunswick-B: 4% Bueyrus Ere 8'x Bucyrus Eriecv pf_. 3% Budd(E G)Mfg __. 23 Budd(E G)MIfg pf. 2y Budd Wheel . 81 Bullard Co 3'& Bulova Watc! ! Burns Bros(A) (d)- '« Burns Bro B (d) .__ IOM 13% Burr Add Mch(60c) 19 1 Bush Terminal (d). ‘¢ 1'% Butte Copper&Zine. 10 * Butterick Co (d) 11% Byers (A M) _— 3014 California Pkg(1%) 1, Callahan Zinc 2!y Calumet & Hecla, 713 Campbell-Wy ad0c._. 8% Can Dry G A (40¢)_. 9% Canadian Pacific 30 Cannon Mills (2)... 4"\ Capital Admin (A). 131 36 Caterpillar Tr (t ). 19% Celanese Corp.. 17 Celotex Co (d) 11% Celotex Co pf (d 22% Cent Agulre (1%).. 383 Cerro de Pasco (4)— 3% Certain-teed Prod.. 23 Certain-teed Prpf.. 371 Ches & Ohlo (2.80)_ 36 Chesapeake Corp(3) % Chi & Grt West (d). Deal increase in population. Investors were praising the Se- curities and Exchange Commission to- day for declining to keep secret the salaries of officials of May Depart- ment Stores. The action is said to have established a policy that salaries are not to be kept confidential. In many cases corporations are paying huge salaries despite the fact that no dividends have been paid for years. Buch instances cause continuous com- plaint among investors. The Summer lull, humidity, or just @ lack of buying orders made busi- ness very dull on the Washington Stock Exchange today. The only 1% Chi & Grt W pf (d). 15% Chi Mail Order (11). % Chi Mil StP&P (d). % Chi M StP&P pf (d) 1% Chi & N W (d) 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf.. . 1% Chi R 1&P 6% pf(d) 1% Chi R I&P 1% pf(d) 25's Chickasha C O (2)-. 313 Childs Co 9 Chile Copper 31 Chrysler Corp (11). 16 City lce & Fuel (2) 2 87 City lce&F pf(6%) £ lOl 5 3% City Stores 18% 12% Clark Equip (80c)_ l 35% 27% Clev Graph Br (t1). 237'2 161% Coca-Cola (8) .. 19'% 15% Colgate-P-P (50¢) .. €00 00 66 10 =3 A <3 bt S B o = b= 247 100 3 #ale was a 10-share transaction in Riggs National Bank common stock at 215. Capital Transit stock, which s being so closely watched these days, closed with 16% bid and 17Y, asked. William J. Flather, one of the vice presidents of the Riggs National Bank, is passing his vacation at the Poland Spring House in Maine, a resort which he has always thoroughly enjoyed. Harry M. Wheeler, veteran financier with W. B. HibBs & Co., has returned to the financial district from a month vacation passed in New Hampshire. Several Washington banks are in- creasing their personal, or so-called character loans. In fact, they are making a bid for this type of busi- ness. Activity of the credit unions is said to have brought about the more Lberal attitude towatd such loans in banking circles. 100 TONS OF LEAD SOLD. NEW YORK, August 22 (P).—The Colgate-P-P pt (6)_ Collins & Alkman _ 6% Colonial Beacon Oil. 1 Colo Fuel & Lr «d) __ 5 Colo F&1pf(d). __ 7 Colo & Sou 1 37 208 8 808 40s 361 1 8% 515 2814 17% 14 861 35% ColG&EpfA (‘)-. 81 34% Colum Pie vte (11). 94 67 Colum Carbon (4) 53% 391 Comel Credit (2)_.. 119% 112 Comecl Cred pf(5%) 72 56% Comcl Inv Tr(12.80) 102% 97% Comel In T pf(4%)- 11513111 Comel L T ev pf 237% 17% Comel Solv (16 27 * Comw & Southern.. 65% 29% Comw & Sou pf (3). 37% 27 Congoleum-N(1.60) 15% 9 CongressCigar.__. 23% Conn Ry&Lt (4%). 7 Consol Cigar - 71 ConC prpf ww 6%_ 14% Cons Film pf(31%). 15% Consol Gas N Y 1). 721 Consol Gas of (b 11 Consol Laundries.. 614 Consol O11 2% Consol RR Cuba vt. 14 Consol Textile - 49 10% 82 22 34% St. Joseph Lead Co. reports that 100 tons of pig lead from Southeast Mis- souri mines were sold yesterday at $4.15 per 100 pounds, St. Louis. 8% Container Corp (A). 2% Container Corp (B). 8 Contl Baking (.).- 46% Contl Baking pt (¢, g ) liln. 8% !'4 314 13 13% 141% 1 Y 15% 1% T 174 27% 162 67 124 288 34 69% 56 2814 64 35 128 139'% 30 7 14% 104 517% 2615 6% 24 2% 224 16%, 21 10% 46'y 124 183, 1% 4914 391 102'4 1915 14 61 13'% 4T% 98 4% 257k 481s 141y 4315 43 184 1 21 3 19% 348 ~ b% 20% 10% 10% 35 12, 1% 60s 112 19 104 28% 28 16% 15 131 7 504 115% 6919 01% 12% By private wire direct to The Star. THE EVENING STAR, WASHINGTON, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prov. 1038 Low. Close. Chge. 5814 81 31 12% 134 128 13743 90 90y 291 67x 1313 104 503 25% 64 23% 40% T 3% 28, 21%, 16t 21 46 12% 1813 18% 491, 374 984, 194 13% 61 12% 464 98 4415 25% 47 13% 43 42% 9 173 1ia, 2% [ 18% 34% bl 5% 20% 10% 108 34% 12 6814 112 58t 8% 31 291, 14 104 51% 25% % I 245 2404 245 16 18% 18% 18% F; 4+III+I++II|10+ & +1% -% +1 + % + % - % — 2 Esaes +1 | © S P4+ 144441+ + s FEvEy 103% 103% — % 28 8 49% 115% 694 100% 112% 19% 2% 60% 37 14% 43% 814 77 16% 2 31% lOl‘G 101% lol“ 1 28 8 2% lE"t 12’4 87!‘ .. §==;rs- i - - % +os +% -2% SEEEER TF (RREEE l+ Prev. 1938 Net. | digh. Low. 8 152 23% T4 29 112 B 84 Ty 32 3 39 FElec Stor Bat (2% 147 2% 9 26 120 19% 2 95 ™ Al 251 415 1818 9% 587 el 495 17 £6 333 17 2813 12 Stock and Dividend Rate. 62% Contl Can (2.40) ... 7. Contl Dia F' (a30c). 287 Contl Insur (11.20). % Contl Motors. 154 Cont] O Del(a37i¢) 41% Corn Ex Bk&Tr (3) 62 Corn Prod Ref (3).. 414 Coty Inc_____. 35% Cream of Wh (12)_. 2315 Crown C&S (1) __ 431; Crown C&S pf(2.70) 741 CrownWP1st pf(5)- 313 Crown Zelleb'k vte. 1 5 CubaRRpf. 5'% Cuban-Am Sugar 40’ Cuban-Am Sug pf. 15 Curtis Publishing_ 8915 Curtis Pub pf (7 2 Curtiss Wright_ 6% Curtiss Wright ( 61 Cushmans pf (8) 16 Cutler Hammer 22% Deere & Co . 19 Deere&Co pf (375¢). 23% Delaware & Hudson 11 Del Lack & West. 11 Den & R G W pf_ 65 Detroit Edison (4). 35% Devoe & R (11) A__ 2613 Diamond Mtch 1. 3414 Dome Mines (12) 17! Douglas Alrcraft 2 Dunhil Internatl_ .. 86% Du Pont de N(2.60) 3% Eastern Roll Mills_ 110% Eastman Kod (15).. 16% Eaton Mfg (1) 3% Eitington-Schild_.. 19% Electric Auto Lit 107 Elec Auto L pf (7). 3% Electric Boat. 5% Elec & Mus Ind 1's Elec Pw & Lt 213 Elec Pw & Lt $6 pf_ 3 Elec Pw & Lt $7pf_ ). 1 Elk Horn Coal (d) _. " Elk Horn C pf (d) - 1'» Engineers Pub Sve. 155 Eng Pub Sve $6 pf._. 4'; Equip Office Bldg-—. TxErle RR._ 8 Erie RR 6% Erie R R 2d pt 10 Eureka Vac C ( 15 Evans Prod (al) 2 Exchange Buffet * Falirbanks Co. 4 Fairbanks Co pt 17 Fairbanks Mor: 71'; Fairbanks M pf 33% 5% Fed Lt & Tr 54 Fed Min & S 3% Fed Motor T (allc). s Fed Water Sve (A). 16a Fed'd D Strs (160c). 281; Fid Ph F In (11.20)_ 13'« Firestone (40c) £4)5 Firestone pf A (§) 45% First Nat Strs (2%) 21 Follansbee Bros(d). 2074 Food Machine (1) - 47x Foster- Wheeler 60% Foster-Wheeler pf 19% Four Nat Iww a1.10 &% Fox Film (A) 17'< Freeport-Texas 4% Fuller Co2d p PR 2% 9 10 “ 205 1215 s Gabriel Co (A) 7 Gamewell Co__. 515 Gen Am Investors__ 32% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60¢) 146 115 Gen Baking pf (8 45': 5% Gen Bronze 2 GenCable 4 Gen Cable (A).. 19 Gen Cable pf__ 50 Gen Cigar (t4) 2015 Gen Electric (60c)- 3214 Gen Foods (1.80) .. % Gen Gas & El (A) .. 26% Gen Motors (12) 1487 107'z Gen Motors pf (5).. 4 5% | 106 3 Gen Outdoor Adv Aflfl 00. High. 85% +1% 12% + % 1% 15 24 3 14 34 240- 84y 1% PN 1% 21% 59% 67% 5 37% 33 46% 89% 4% 26% 8 1% k) f 1% 19% 104 2% Th 70 '|l+.l*l:‘¥lll+ EFFFTFEFEFIR 59 41 P ] &5 17% Gen Print Ink(1.60) 5 9313 Gen Print Ink pf(6) 1's Gen Public Service. 15% Gen Ry Signal (1)_. * Gen Realty & Util__ 14% Gen Real & U pf ww 16% Gen Refractories _. 12 Gillett Saf Ras (1)~ 705 Gillett Saf R pf (5).- 25 Gimbel Bros____. 18 Gimbel Bros pf_... 23% Glidden Co (11) Glidden Co pr pf 1's Gobel (Adolf) (d) . 14% Gold Dust (1.20) T3 Goodrich (B F). 70 Goodyear $7 pt (4)_ 21; Gotham Silk Hose__ 20 Gotham Silk H nt... 1% Graham-Paige 5% Granby Consol 21, Grand Union ___ 14 Grand Unpf (1%).. 18'x Granite City Su (1) 26 Grant (W T) (11).. 9% Grt Northern pf____ 9% Grt North Ore (50¢) 26% Grt West Sug (2.40) 34 Greene Canan (12)_ 20'3 Greyhound Corp . 12 Gulf States Steel___ 48 Gulf States Stl1st_. — 114 98 108 101 24% 12% 109 4% 85% 61; Hamilton Watch._. 63 Hamilton Watch pf Hanna (M A)pf(7). 16 Harbison Walk (1). 5! Hat Corp of Amer.__ 81 HatCo pf ww (‘%) 1% Hayes Body ... 71 Hercules Pw (13) _ 128 122 Hercules Pw pf (7). 18% 5% Holland Furnace___ 30% Houd-Hersh (2%) A 6!2 Houdaille-Hersh B 9tx Houston Oil 43 Howe Sound (3) 2% Hudson & Manhat. 6% Hudson & Man pf... 6% Hudson Motor Car- % Hupp Motor: — 17% 5Tia 33 5 42% 915 I1linois Central 40 11 Centlse lines(4). 2314 Indus Rayon (1.68). 60% Lngersoll-Rand (2). 46% Inland Steel (2).__. 2143 Inspiration Copper. 8% Interboro R T (d) . 115 Intercontl Rubber.. 4% Interlake fron._ 2% Int Agricultural 26 Int Agricul pr p! 18474 149% Int Bus Mach (16)_. % 33 54% 4% 29% 3% Int Car'rs Ltd (20¢) 22% Int Cement (1) 347 Intl Harvester(80c) 1% Int Hydro Elec (A). 22% Int Nick(Can)(60c). 130 123% Int Nickel pf (7)___ 3 1% 1 12% 28% 1815 36% 48% 28 5% 12% 16% 67 65% 6% 8% 13% 16% 21% 2% 14 Int Paper & Pw (A). A Int er & Pw (B). 3 Int 4% Int Paper & Pw pf_. 21% Int Print Ink (1) 9% Int Ry CA Dfocceee 29 Int Salt (1%).... 42% Int Shoe (2) —oceee 5% Int Tel & Tel . 8% Intersttae Dep Strs. 49 Jewel Tea (3) 3814 Johns-Manv (a50c). 50 Jones&Laugh?%pf. 3% Kans City Southn__ 6% Kans City South pf. 714 Kaufnfann D S(30c) 15% Kayser (J)&Co ad0c. 3 Kelly-Spring T (d)- 8!( Kelsey-Hayes (B).. inator (150¢) - lflt Kennecott C (60c) - 23 Kinney (G R) Copf. 19% Kresge (SS) (1) .. 221 Kroger G&B (1.60)_. 221 Lambert Co (3) .. 815 Lee Rub&Tire (50c) _ 1% Lehigh 5% Lehigh Val Coal pf. 5 Lehigh Valley R R 67% Lehman C (12.40) . 10% Lehn & Fink (13%).. 61 Libby McNeill & L. 213 Lib-O-Ford Gl1(1.30) 21 Life Saver (1.60) 93% Ligg & Myers (4)B 16% Lily Tulip Cup(1%) 1 Lo Bare (300 s Liquid Card (1) eee 330s 2 190s 170s 11 11 1308 FEFSS L2255 w ¥ & 59% 4 1% 63l — % 80% +3% % 1% + - D. C, THURSDAY, AUGUST 22, 1935. Prev. 135 Low. Close. Oll. High. Low. 444 31% Loew's Ine (2) - 10813102 Losw'a Ine f (o%f 1 Loftine ... ‘l% €33 Loose-Wiles (2) .. 25 1% 22% 241 46 18% Lorillard P (11.20). % La O1l Ref (d) ... 10% Louisv G&EpfA 1%. 12% Ludlum S 40 McAndrews&F(12). 28 McCall Corp (2)._ 7% McCrory Stores (). 613 McCrory Strs B (d). T4 McGraw Hill Pub _ 36% Mclintyre Porcu (2) 90t McKeesport T P (4) 5% McKesson & Rob 32 McKesson & Rob pf 815 McLellan Stores 85'2 McLellan Stores pf. 18% Mack Truck (1) _ 30' Macy (R H)& Co(2) 513 Mad'n Sq Garal5e . 18% Magma Copper (2).. 29 Man Elev gtd (d) .. 13% Man El md gtd (d). 1 Maracaibo Oil Exp_ 5% Marine Midld (40c) 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(1%) 357 May Dept Str (1.60) 5's Maytag Co._. . 33 Maytag ww ($3%) 841; Maytag 1st pf (6) - 3 Mengel Co.. 20% Mengel Co pf._ 22 Merch&M Tr (1.60)- 24% Mesta Machine (2). 2! Miami Copper _ 913 Mia-Cont Pet(albe) 8% Midland Steel Prod. 60's Midl'd Stl 1st pf(8). 68 Minn Hon R (13) ... 3% Minn Moline Pw___. 31 Minn Moline Pw pf. 10% Mission Corp .. 215 Mo Kans & Texas _ 5% Mo Kans & Tex pf... 1 Mo Facific (d). 1'4 Mo Pacific pf (d) 10% Mohawk C M (a25¢) 55 Monsanto Chem (11)x 21% Montgomery Ward. !4 Mother Lode - 17's Motor Products (3). 7v':|omr Wheel (60¢) 114Mullins Mfg (A) - 4% Murray Corp. .. 30 Myer F E &Co(1.60) 11 Nash Motors (1) 4’5 Nat Acme Co.. 6% Nat Aviation 22% Nat Biscuit (1. 60).- 13'3 Nat Cash R A (50c) *4 Nat Dairy Pr (1.20). Nat L'2pt Stores (d) Nat Dept Strs pt(d) Nat Distiliers (2) __ Nat En & Stpg (2)_. t Pw & Lt (80¢). . Nat Ry Mex 2d pf__ 40% Nat Steel (11)_ 9 Nat Supply Co_ 36 Nat Supply Copt. m. Nat Tea (60c) 12 Natomas Co (80c) __ zv. Neisner Bros (11)_ 4313 Newberry J J(1.60). 4% Newport Industries N Y Airbrake _ N Y Central RR N Y Chicago & St L. YChi&StLpt Dock Dock pt Investors (d) . N H & Hartford N H & Hartf pf Ontario & West 6l Shipbuilding ... 69 N Y Steam pt (6) 79 N Y Steam Ist (7). 30% Noranda Mines (2)_ 2 North Am Aviation 9 NorthAmCo (1) .. 314 Northern Pacific N N N N N N 6 2% N :s. Y 4 X z ¥ Y k 4 91 Ohto Ol (a15¢) 16% Oliv Farm Eq(new) Omnibus Corp - Omnibus C pf(8)A_. 4% Oppenheim Collins_ 11's Otis Elevator (60c) 4'% Otis Steel .___ “ 223 Otis Steel pr pf. 50 Owens-11l Glass(4). 14 Pac-Amer Fisheries 13's PacificG & E (1%). 19 Pacific Ltg (2.40) 12 Pacific Mill 70 Pacific Tel & 6% Pac Wn Oil (b40c) . 3'; Packard Motors 612 Panhandle P&R pf.. 2% Par-Public cod (d). 2 Park Utah ___ s Parmelee Transp 13 Pathe Exchang: 8 Pathe Exch (A) 814 Patino Mines % Peerless Motor _ 641; Penick & Ford (3 57% Penney J C (2) 2% Penn Coal & Col 3 Penn Dixie Cement. T Penn RR (1) 30 Peoples DS (1) 17% Peoples Gas Chi 91, Pere Marquette T Petrol Corp . 12% Phelps uneuzse) Phila Co 6% pf (3)- % Phila & Read C&l 35' Philip Morris (1) 5'4 Phillips-JonesC__.. 13% Phillips Petrol (1).. 3 Phoenix Hoslery . % Pierce Oil % Pierce Petroleum 31 Pillsbury Fl (1.60) 5'; Pitts Screw & Bolt... 1% Pitts United Corp_. 24'2 Pitts United C pf. 6'3 Plymouth Oil. 1% Porto R Am Tob(A) 4% Postal Tel&C pf (d) *x Pressed Stl Car (d). 613 Pressed Stl C pf (d) 42% Proc & Gamb! (1%) 204 PubSve NJ (2.40).. 73 PubSve NJ pf (6)_. 34 Pullman Inc (3) - 5% Pure Oil 34% Pure Oil 6% pf-. 49% Pure Oil 8% pf_ 83, Purity Bakeries (1) x 4 Radio Corporation . 50 RadioC'ppfA (3%) 35% RadioCorppf B __. 1'% Radio-Keith-Or (d) 1613 Raybestos-Man (1). 31x Real Silk Hosiery... 20'% Real Silk H | 2. 7 Remington-Rand . Remington-R pf (6) 71% Remington-R 1st pt 70 Remington-R 2d of. Remington-R pr pf- 2% Reo Motor Car.. 9 Republic Steel 28% Republic Steel pf. 28 Republic St pf co 514 Revere Copper_ 13 Revere Copper ( 17'% Reynolds Metals (1] 12% Reynolds Sp (140c) 43'» Reynolds Tob B (3) 217 Roan Antelope Ltd_ e 46 36% Safeway Stores (3) 11415110 Safeway Strs pf (7) 21% 2 1% 34% 4 20'% CORPORATION TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, August 32—The fol- of corpora 10% St Joseph Ld (40c)_ % St L-San Fran (d)_. 6 Savage Arms 22 Schenley Distillers. 1% Schulte Retail Stra. 8 Schulte Re Strs pf. 55 Scott Paper (1.80)_. 1 Seaboard Air L (d). 20% Seab'd O Del (160c) 31 Sears Roeb’k(a75c) 1% Second Nat'l Invest. 40 Sec Nat Inv pf $2%. 7% Servel Ine.__...__. 9 Sharon Steel H REPORTS ock and Divigend Ra’s. Anoo High. Low. Close. ulfl 19 41% 41% 41% + % 3105 104% 104% ~ % 2 1% 1% 1 Ya 39% — % 2% - % % 21% 23% 43% 32% 12 12% 12 25 118Y% Th 39% 12'4 10342 21% 48 914 39% 24% % 3 13 13 43 - 1% l*!*l‘bl‘li(% FyE FEF ¥ [+ 1444+ ++ uz 112 m 20% 1 11 & Line Co.; it is understood that & rate of 25 cents a share quarterly has been discussed officially American Agricultural Chemical Co. —Common share earnings. year ended June 30, were $6.37 vs. $4.15. Allied General Corp.—Net asset value on June 30, 1935, equaled $13.68 share vs. $15.58 on De- per preferred cember 31, 1934. . 5% 50 M 111 9815 19% Low. 3% Sharp & Dohme __ 44 Sharp&Dpf (3%). T4% Shattuck(F G) (25¢) 515 Shell Unfon Ofl____. 631 Shell Unfon Ofl pf. 8% Silver King C(40c). 6 Simmons C - 5 Simms Pet (a50c) 61 Skelly Ol ___ Secony-Vac (30¢) 20 Sou Porto R Sug(2) 10% South Cal Ed (1%).. 12% Southern Pacific ... 515 Southern Railway . 7 Southern Rwy pf . 4 42 Spalding(AG)ist pf 3' Sparks-Withington 3% Spear&Co §. _ 65 Spear & Co 1st pf 32 Spencer Kell (1.60). T% Sperry vte (a2sc) 812 Spicer Mfg .. 33% Spicer Mg pf (3) 437 Splegel-May-Stern_ 13% Stand Brands (1) 214 Stand Com Tol 1'; Stand Gas & Elec. 1% Stand G & E $4 pf 4% Stand GE E$6pf__ 6 Stand G&E 37 pt. 7 Stand Inv Corp 27% Stand Ofl of Cal 23 Stand Oil of Ind (1) 35% Stand OIIN J (11) 12'; Starrett(LS) (a25¢) 58% Sterling Prod (3.80) 1'a Sterling Secur (A).. 6% Stewart-Warner . 215 Stone & Webster._ 2l Studebaker Corp._. 60 Sun O11 (11) . __ 11 Superheater (50¢) 1% Superior Oil __ 5 Superior Steel 34 Sweets Co of A 14% Swift & Co (t50e) % Symington (d) ____. 1% Symington (A)(d) . lq‘\ 4% 1 21% 25 38'% 46’ 537 82: 25 4% 64 35% 18 6% Telautograph (60c) 4 Tennessee Corp 16'; Texas Corp (1) .. 28% Texas Gulf Sul (2). 3'¢ Tex Pac Coal & Oi &3 Tex Pac Land Trust 14 Texas&PacRR _. 13% Thatcher M (a50¢) sn Thatcher M pf(2.60) 2 Thermoid Co. . 2 Third Avenue 16 Third Nat In 11956) 13% Thompson Products 1% Thompson Starrett. % Tide Wat Asso Oil . 84 Tide Wat A O pf(6). 4"« Timken-Detroit _ 28% Timken R B (11) 47s Transamerica(30c 7' Trans & Westn Air. Transue&Willlams. 1% Tri-Contl Corp 69 Tri-Contl Cor pf(6) 4« Truax-Tra Coal 313 Truscon Steel __ 2% TwinCity RT __ 18 Twin City R T pf._ 53% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb&C (1.60)_ 14% Un Oil of €al (1) 8214 Un Pacific (6) Jn Pacific pf (4) Un Tank Car (1.20) 9%» United Atrcraft. 413 United Afr Line vte 7 United Am Bosch _ 20% United Bisc (1.60) . 46 United Carbon 2.40_ 115 United Corp ______ 20% United Corp pf (3) 8% United Drug 4’3 United Dyewood 65 United Dyew pf (7) 3'4 United Elee Coal . 70 United Fruit (3) 9% United Gas Imp (1) 8715 United Gas I pf (5) * U S Distributing 5 U S Distributing pf 4'5 U S & For'n Secur__ 11 US Freight (1) 4015 U S Gypsum (11 5 US Hoftman___. 3514 U S Ind Alcohol (2). 314 U S Leather vte 712 US Leather A vte _ 53 U S Leath pr pf vtc. 14% U S Pipe & F (50¢c) 19% U.S P&F 1st pf1.20 3 USRealty & Imp_. 914 U S Rubber ___ 24'; U S Rubber 1st pf__ 95 USSmelt&R (aé 27'%4 U S Steel. 73% U S Steel p 3'3 United Stores (A)_ 51 Univ Leaf Tob (12) 29 UnivPiclstpfd ... 1 UnivPipe& Rad___ 913 Univ Pipe & Rad pf Ut Pw & Lt (A) _. % '3 Vadsco Sales Corp... 11'% Vanadium Corp 11% Van Raalte (a25¢).. 34 Vick Chem (12) _ 2'3 Va-Car Chemical __ 173 Va-Car Chem 6% pf 85 Va-Car Chem 7% p 72'; VaEl & Pw nf (6) _ 2 VaIron Coal&Coke 6315 Vulcan Detin (ad)__ 1'% Walworth Co.__ 1% Ward Baking (B) 2% Warner Bros Pic. 14> Warner Bros Pic pf. s Warner-Quinlan. 213 Warren Bros 7% Warren Bros cv pf. 20% Warren Fdy&P (2 4 Webster Eisenlohr_ 1 Wells Fargo.._ 301 Wesson O&S (150¢) 72 Wesson O&S pf (4) 34 West Pa Elec (7)A 39% West Pa Elec pf (7) 95 Wesl Pa Pwr pf (6) 1's Western Pacific (d). 2% Western Pac pf (d). 20% Western Union 18 West'gh'se A B 50c. 32% Westinghse El a50c. 10 Weston Elec | 14% Wheeling Steel Wheeling Stl pf( Wh 1 White Sewing Mch.. 1 Wilcox Oil & Gas.. 37 Wilson & Co (aZ5e). 58 Wilson & Co pf (6). 51 Woolworth (2.40) . 11% Worthington Pump 25': Worth Pump pf A 35!~ Wright Aero __ 73% Wrigley W ir (13) " W 17% Yale & Towne (60¢c) 2% Yellow Truck . 3114 Yellow Truck pf___ Young Sp& W (11). 28% 13 YoungstownS&T. 75 5 s 381% Youngst'wn S&T pf % 1% Zenith Radio 4% 2% Zonite Product: Approximate Sales of Stocks on the N. Y. Steck Exchange, 470,000 ll(&DPN&on. . 11:00 A.M.. » exira. American Chain Co.—Common share earnings, six months ended June 30, were 83 cents vs. deficit of 36 cents & common share in like 1834 period. Western Pacific aRifroad Corp.— Creditors of Western Pacific Railroad go..muunlhflhn were ordered 1:00 P.M...... 1,120,000 Total sales for the day. mvm«m nul as lln:lh the abo! ock and Divmllfl Rate. Adfl 00 High. 4% FINANCIAL. 2213 95 908 1035 08 41, 108 7312 lll’l 4 108 118% 11 8% 2 134w 485, 26% 661 3% 514 3% 1,670,000 table are e latesy a mru 3 Unit of tradin 3 Mmln $309,865. months San Francisco, to | va. 85 less than 100 shares. s :“”ud Gividends. o Paid this rr Yome earnings, June 30, were 81 cents 73's lp-clmcnn 4% — % 43% -1 8% — % 105 + % 97% 13% + w4 T 103 4 31y 8+ 4 820,000 1,350 000 annual -yearly Annual rate— file their claims in court there by Sep- tember 15, under reorganization plan; attorney of company asked early date, as Interstate Commerce Commission had ordered a hearing for September 23 on the reorganization proposal. Victor-Monaghan Co.—Deficit, year ended June 30, was $87,723 vs. net in- come $451,718. New York, Chicago & St. Louis Railroad—Deficit, seven months ended July 31, was $274,704 vs. net income Finance Co. of America at Balti- share P4+ E STEELS KEEP LEAD ON STOCK MARKET Set New Highs for Year or Longer—Some Mine, Farm Shares Up. STOCK AVERAGES 30 13 1 Indus. Rails. Uil Net change.. +.3 Today, close. 65.1 Prev. day... 648 Month ago.. 63.2 505 65.4 495 614 a0 Btis +.1 485 484 458 39.1 49.1 348 514 258 382 259 38.1 245 324 267 288 276 393 185 216 430 406 453 228 242 349 175 87 239 169 1929 high_..1469 1539 184.3157.7 1927 low. 516 953 618 618 (Compiled by the Associated Press.) R H+H] 1 1935 low_ 1934 high 1934 low_ 1932 Jow. o 18 % | BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, August 22—Steel stocks again forged ahead in today's | market to vew highs for the year or longer. Some of the farm, mine and specialty issues were also in demand. On the other hand, the majorit of the rails, utilities, motors and a rrafu were narrow. The close wa Transfers approximated 1,700,000 shares. A little profit taking was in evidence here and there in the afternoon. The trading volume dwindled after the list had set a fast morning pace. Peak prices were not held to the end, but | there were few casualties of an; | consequence. | Washington developments did nct appear especially stimulating nor un- | settling. The Italo-Ethiopian situa- + 1, tion was being watched with con- =1 ! siderable interest. Generally bright ' business news, however, was seen as ‘lh' principal market motivatin factor. Commodities were of little assistanc + 2o equities. Wheat, corn and cotte shuffled about listlessly the greatr part of the day. Share gainers of fractions to 2 o more points, at new ‘1935 peaks, in cluded such steels ss United Statc Bethlehem, Otis, National, Inland anc. Republic: also Case, Internatior Harvester and Du Pont. Among others up as much wer Deere, Caterpillar Tractor, Electric Auto-Lite, Gimbel, Philip Morri'. American Telephone, Coco Cola, U. € | Smelting, Cerro De Pasco and Amer- | ican Smelting. Douglas Aircraft va about even and Public Service of Ney — 1; | Jersey and United Fruit lost around + 4 |a point each. | At ok ] W New York Cotton | B the Associated Press. NEW YORK, August 22—With traders still waiting for a definite statement of crop loan policy, cotton was quiet today and fluctuations nar- * ! row. ™| An early advance of 5 to 10 points on trade buying and covering was fol- . lowed by partial reaction with the 1, . midafternoon market quiet with net 1, | gains of 3 to 5 points. 7| Putures closed steads. * 1 lower. a, | October o Duomber 3 higher to 1 eady midcling A Nominal Cottonseed Oil. Bleachable cottonseed oil future: * | closed barely steady. Septembe 1¢11026b; October. 10.20; Decembe: ;100031001 January. 10.00b; March ‘m 06. Sales, 71 contracts, includin 112 switches. b—Bid. Liverpool Quot, 's| LIVERPOOL. Ausus o011 la | 4.000 bales. including ;00 American. Sp in fair demand: prices 1 point hignc in pence. American strick g0 200d micdiing - gty middling 6 50 low midling lons. . —C October. "D + 1| cember. 5% .v.num 5.86; March, 5.5+ + ny | May. 58I July, 5 Washmgton Exchangc SALES. Riggs Bank, com.—10 at 215, Bid and Asked Prices. BONDS. & Tel. 425 1| Amer. Tel Tel. & Tel. Col b s ‘ C. & P. Tel. of Va. % Clmul Traction R. R | Wash. Gas 3s 196 | Wach. Gas ds. series B —1'3 | Wash. Rwy. & Elec. 45. + + M -1 PR Barber & Ross, Inc PUBLIC UTILITY. | Amer. Tel. & Tel (9)_ Geoltal Transit, Co. |N. & W. bo Wash. Ry. & EL Co. (12 Wash. Ry. & EL pid. (3 BANK AND TRUST COMPANY Amer. Sec. & Tr. Co. (%) Bank of Bethesca (3) Riggs pfd. ( Washington ash. ‘Loan & Trist (&) FIRE INSURANCE. (1.60) 30 TITLE INSURANCE. Columbia (.20)_ [ Real Estate (6)__. | nxmnoua Carpel Corp. (1.60) Lanston Monotype u) nthaler Linotype y"" i St. p!d ® M.2G. of rase Piremen's Ter. corp ) 47 awe s Totn com (1120 38 Wdwd. & Loth ofd. (... 113 *Ex dividend. 125 cents extra. 1¥lat. DOLLAR GOES HIGHER IN LONDON DEALINGS By the Associatec Press. LONDON, August 22.—Pending de- velorments in the foreign political si‘uation, currency xchange move- ments were normal today. The United States dollar closed st 4.9711-16 to the pound as compared with the overnight New York rate of 4.98%. The French franc closed at 75.06 to the pound as compared to yesterday’s close of 75.12. PARIS, August 22 (#).—Three per cent rentes, 79 francs 25 centimes; 413 per cent rentes, 88.90. Exchange on London, 75.13. The dollar was quoted at 15.07%. six o v