Evening Star Newspaper, August 23, 1935, Page 14

(A—14 wxx FINANCIAL. TRADERS FOLLOW - WARKET CLOSELY Stocks’ Response to Utility Action Regarded as Satisfactory. BY EDWARD C. STONE. Traders in New York Stock Ex- cha houses in this city manifested greafly increased interest in the mar- ket today following passage in the Lower House of Congress of the amended utilities bill, intended to bring about the end of public utility holding companies considered “unnec- essary” by 1942. The action of the market in the early trading was con- ‘sidered satisfactory after the opening sclling in utilities had been absorbed. During the past two weeks a great deal of utility stock is said to have been bought on the guess or the hope that the holding company bill would g0 over to the next session. Naturally much of that stock was thrown over today. But by the end of the first hour many utility stocks were nearly back to where they closed yesterday. Market observers here believe that the House action may prove bene. ficial. It gets the matter out of the way and ends the uncertainty. A great deal can happen between now and 1942. Predictions are already be- ing made that some of the holding companies will completely overhaul their financial structures in an effort to put themselves in the “necessary” class. Brokers said today that in many instances such changes would be very helpful to the stockholders. YLawyers for some companies have al- geady begun working along this line. The cotton loan bill, war talk and how much adjournment of Congress may have already been discussed, were other factors of special importance in today's market discussions. Early in the day the tape moved very rapidly, maintaining the recent great increase in volume. Board rooms here were crowded all day. As soon as Congress adjourns, interest will switch to corpo- ration earnings, dividends, present and future trade prospects. Steel and commodities will be more in the lime- light than ever. Bank Clearings Here Soar. Bank clearings in Washington for the week ended August 21 again showed substantial advances over the corresponding week a year ago. Can- celed checks passing through the Washington Clearing House totaled $16,818,838 compared with $13,000,839 | in the same week last year, an increase | of 29.2 per cent. This figure compares with an aver- age gain in clearings for the whole country of 21.4 per cent. Leading cities outside of New York reported a gain of 17.3 per cent. New York alone came closer to the Washington nark, clearings being up 23.7 per cent. Baltimore reported a gain of 20.9 per cent, clearings in Richnfond were 17 per cent higher during the week, while Atlanta gained 19 per cent. The ‘weekly reports so far this month mean that Washington clearings for August will again exceed the comparative tnonth a year ago by a big margin. Sales Body Names Committees, Directors of the Washington Sales Representatives Association, headed by George C. Cook, president, have mamed the following committees for the coming year: Publicity—W. H. Rawley, chairman; Allen V. deFord, J. E. Sanford, Wins- Jow Abbey, Ralph K. Erdgood. Membership—T. A. Cantwell, chair- | man; J. Tinsman, Harry Golladay. Entertainment — Ray C. Wood, chairman; Charles D. Wright, Charles | Robey. | Amusement—R. E. Brawner, chair- | man; G. E. Osha, J. P. Durnin. Acacia Agents Win Honors. The current roster of the leuam‘ Montgomery Quality Club of the Aca- ‘cia Mutual Life Insurance Co. is the | Jargest in the history of the organi- gation, it was announced here today. The District of Columbia branch has the largest represeatation of members, dncluding J. B. Allison, W. B. Crossan, W. C. Daniel, J. 1. Ford, C. C. Gove, ‘E. R. Hardisty, B. A. Harlan, H. J. Xamerow, D. S. Laffitte, W. J. Mc- Causland, R. C. Merritt, L. G. Morrls, F. B. Rogers, P. L. Rogers and G. S. Schroeder. Membership in the club is based Tot only upon the individual agent’s production record, but especial em- phasis is placed upca the conservation of business written: The club is named 4n honor of the president of Acacia. Capital Transit Stock Active. Capital Transit stock was the most active issue on the Washington Stock Exchange today, increased strength being displayed, compared with other Fecent sessions. The stock opened at 47. Five 10-share iots and one 5-share Jot moved at that figure. The market closed with 10 shares selling at 163. 'The final bid was 1655, with 17 asked. ‘Washington Railway & Electric pre- ferred came out today at 106 on a #mall lot sale. Two other stock sales mere recorded, small lots of Washing- ton Loan & Trust Co. changing hands At 200. In the bond division, $1,000 City & SBuburban 5s came out at 927, and 8500 Capital Traction 5s appeared on the board at 98. Stocks now being Juoted without the coming dividends pre the Potomac Power and Washing- ton Railway & Electric issues and Lanston Monotype. Heard in Financial District. Edward L. Hillyear, vice president ©f the Union Trust Co. and former president of the Washington Stock Exchange, is back in the financial district after a business trip to Cali- fornia. Corcoran Thom, president of the ‘American Security & Trust Co., has Feturned to his Summer home in New Hamprhire after coming to Washing- ton to attend the funeral of W. S. Corby, for many years-a director in the bank. James Trimble, vice president of the National Bank of Washington, re- ‘turned recently from a short vacation passed on a motor trip through North- western New York. Eliot H. Thomson, for many years connected with the Washington Loan & Trust Co., has nearly completed his annual vacation, most of which he has spent at Epping Forest. 3 John M. Riordon, one of the vice presidents of the Bank of Commerce & Savings, who has been connected ‘with the institution ever since it was founded, received many congratula- tions on his birthday anniversary a few days ago. Mr. Riordon is steadily improving in health. Another Treasury Issue. ‘The Secretary of the Treasury an- nounced today that tenders are invited Treasury bills to the amount of $50,000,000. They will be 273-day bills will be sold on a discount basis THE EVENING STAR, WASHINGTON, D. €. FRIDAY, AUGUST 23, 1935. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. High. l!l 13% 8 149% 1% 201 2 8ly % 19'- 015 165 % 73% 29%, 20% 37 T0% 57% 307% 384 146% 168 25% 96 334 178 1273 26% 47 117% 76 20 106 43 7015 140‘1 142 99 101% 1405, 6% 19% 19% 122% 615 0% 301 Tt 145% 57'% 3T% 28 44 1131 36% 4% 6%, 26% 17% 223, 1936 Low. 110 Abr & Strauss pf(7) 43 Adams Express __ 84% Adams Exp pf (5).. 28 Adams Millis (2)__. 8 Addressog’h(albe). 44 Advance Rumley. 6% Afliated Pro (60c). 1043 Air Reduction (13)_ % Air-Way Elec Appl_ 154 Alaska Jun (160c)_. % Alleg Corp (d) 2% Alleg pf wi30w (d). 2 Alleg pf w§40w (d). 8% Alleg pr pf (d) . 21 Allegheny St1 (1)__. 125 Allied Chem (6) .. 314 Allled Store: 49 Allied Stores pf (5). 12 Allis Chalmers. . ... 14 Alpha Port Cmt (1). 24 Amal Leather ... 48'% Amerada Corp (2).. 41% Am Ag Ch Del (3).. 13% Am Bank Note ... 21 Am Brk Shoe (1) 110 Am Can (t4) 151% Am Can pf (7). 10 Am Car & Foundry. 66 Am Chicle (13) . 2215 Am Comel Alcohol-. 6'2 Am Crystal Suga: 57% Am Cryst S pf (a3). Stock and By private wire direct to The Star. - Sales— Dividend Rate. Add 00. High. 60s 38 % 108 1% 31 12% 13% % T 142% lS"l 1% ki 6 17% 2615 161 6% 1% 27% —a - —aRurraie - - crsormntaSnnSelesm~ 80s 72 AmCrys S 1st pf 6. 1008 % Am Encaustic {d).. 2 Am & Foreign Pwr_ 12 Am& For Pw $6 f. 14 Am & For Pw $7 pf_ 37y Am & For Pw 2d pf. 8% Am Hawalian 88(1) 17 Am Hide& L pf. . 291, Am Home Pr (2.40). 4'; Am International._. 9 Am Locomotive. 82 Am Locomotive pf_. 1814 Am Mch & F'y (80¢) 41 Am Mch & Metals__ 4'3 Am Mch & Met vtc_. 131 Am Metal _ ______. 72 Am Metal pf (32)_.. 1% Am Power & Light. 8% Am Pw & Lt $6 pf__ 10% Am Pw & Lt $6 pf_. 101 Am Radiator 15% Am Rolling M1 413 Am Seating vte 20 Am Shipbldg ( 315% Am Smelt & Ref 103 AmS&R 6%pf $13% 63 Am Snuff (t3) . 12 Am Steel Foundry_. 88 Am St Fdry pf (2). 3315 Am Stores (12) 51% Am Sugar (2) - 126 Am Sug pf (7). 181: Am Sumat Tob (t1) 98% Am Tel & Tel (3)__. 72! Am Tobacco (5) 74% Am Tobacco B (5) 1291« Am Tobacco pt (6) 22 Am Type Fdrs (d) 9 Am Type F pf () 7l Am Water Work: 47y Am Woolen. 35% Am Woolen pf 5. Am Writ Pap (d 2% Am Writ Pap pt (d) 3 AmZinc & Lead __. 8 Anaconda Copper-. 16% Anaconda Wire 12! Anchor Cap (60c)-_ 100 Anchor Cap pf(6%) 314 Andes Copper. 36 Archer Dan M (t1)_ 118 Archer Dan pf (7). 3% Armour of Ilinois 551 Arm'r (I11)pr pf (6) . 16%3 Armstrong Cork 500 4 Arnold Constable _ 714 Asso Dry Goods 35% Atch To&S Fe (a2) 191 Atlantic Coast Line 21% Atlantic Ref (1) __. 323, Atlas Powder (2) 106% Atlas Pwr pf (6) 15 Auburn Auto... 2% Aviation Cornlml) 113 Baldwin Loco (a) - 7% Baldwin Loco pf (d) 714 Baltimore & Ohfo. .. 914 Baltimore & Oh pf_ 3614 Bang & Aroos (234 3% Barker Brothers 5% Barnsdall Corp _ 37' Bayuk Cigar ¢t1). 141 Beatrice Cre (a50c). 72 Beech-Nut P (13) _. 11% Belding-Hem (a50c) 11% Bendix Aviation.__. 15% Beneficial Lo (1 'fi). 34 Best&Co (2)- 21% Bethlehem Steel 55% Beth Steel pf(al%) 14% Bigelow-San Corp .- 9% Blaw-Knox 16% Bloomingdale (40c) 614 Boeing Airplane 395 Bohn Alum &Br (3) 90 Bon Ami (A) (14).. 42 Bon Ami (B) (12).. 21 Borden Co (1.60) __ 28% Borg Warner (13%). 3% Boston & Maine 815 Bridgep't Brass 40c 241; Briggs Mfg (2). __. 23'« Briggs & Strat (3)_. 30% Bristol-Myers (12)_ 36Y; Bklyn-Man Tr (3) .. 90 Bklyn-Man T pf(6). 1%, Bklvn & Queen: 3% Brunswick-Balke. 4% Bucyrus Erfe 8% Bucyrus Eriecv pf_ 4 62% Bucyrus Erie pf (2) 3% Budd(E G)MIg ... 215 Budd Wheel._. 8% Bullard Co. 13% Burr Add Mch(60¢). 1% Butte Copper&Zinc. % Butterick Co (d) 11% Byers (A M).. 4 301 California Pkg(1%) u s 574 19% 28% 51 281 1 Callahan Zine 215 Calumet & Hec! 7' Campbell-Wy a40 8% Can Dry G A (40¢. 9% Canadian Pacifie 30 Cannon Mills (2) 4%, Capital Admin (A). 45% Case (J I) Co. 831 Case (J 1) pf (4) 36% Caterpillar Tr (1)~ 19% Celanese Corp.. 1% Celotex Co () 11% Celotex Co pf (d)--. 22% Cent Aguire (1%) - 34 Central RROfNJ. 388 Cerro de Pasco (4)- 3% Certain-teed Prod_. 3 198 7 9 21 501112 112 llZ 103 27% 3 808 3 2 23 Certain-teed Prpf_. 130s 373 Ches & Ohio (2.80)_ 36 Chesapeake Corp(3) % Chi & Grt West (d). 15% Chi Mail Order (t1). % Chi Mil StP&P (d)_ % Chi M StP&P of (d) 1% Chi&NW () 3% Chi & N W pf (d)__. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf... % Chi R 1&Pac () ... 25% Chickasha C O (2).. 315 Childs Co 9 Chile Cop 31 Chrysler Corp 16 City ice & Fuel (2)_ 87 City lce&F pfi6%). CCC&StLpf 27% Clev Graph Br (f1). 161% Coca-Cola (8) ... 53% Coca-Cola A (3) ... 15% Colgate-P-P (500) .. 9 Collins & Atkman__ 1 Colo Fuel & Ir «d) . 5 ColoF&1pf(d)... 10 3 1 10 4 15 82 4 208 7 Colo & Sou 1st pf... 160s 6% Colo & Sou 2d pf..... 3% Col Gas & Elec.. 67 Colum Carbon (4)- 39% Comel Credit (2) . 56% Comel Inv Tr(12.80) 97% Comel In T pf(4%)., 175% Comel Solv (160c).. % Comw & Sovthern_. 29% Comw & Sou pf (3)_ 27 Congoleum-N(1.80) 9 Congress Cigar... 23% Conn Ry&Lt “%)_ 7 Consol Cigar....... 71 ConCprof ww 6%. 3% Consol Film 14% Cons Film pf(31%). 15% Consol Gas N ¥ (1). 72% Consol Gas pf (5)_. 1% Consol LAIIMH.._ 6% Consol Of1 3% Consol Textile..... 8% Container Corp (A). 108 554 3 90 34 364 23 2 1 508 3 10s 2 9 170 9“ 115 llg 16 +1 31% Clolh lol 101% — % Mk lnd ey 62 eon Prod M @).. 4% Coty Ino....eemee 85% Cream of Wh (12)_. 12% Crosley Rad (a25c). 314 Crown Zelleb'k vte.. 14 Crucible Steel. . ... 47% Crucible Steel pf... 5% Cuban-Am Sugar... 40% Cuban-Am Sug pf. 40 Cudahy Pkg (23) 15 Curtis Publishin; 85 1% +1% 31 12% — % 13% + % % W % Fre e (375¢). 231 Delaware & Hudson 11 Del Lack & We: 1% Den & RG W pt 65 Detroit Edison (4)_ 35% Devoe & R (11) A 26% Diamond Mtch 11%. 34% Dome Mines (12)... 6% Dominion Stores 17% Douglas Air (a75¢)- 6% Dresser Mfg B 2 Dunhil Internatl. 86% Du Pont (13.60) EFPEE 11% 5% 1157% 8 3% Eastern Roll M1l 152 110! Eastman Kod (15) 16% Eaton Mfg (1) 19% Electric Auto Lite. 3% Electric Boat. _. 5% Elec & Mus Ind._. l'& ElecPw &Lt . 3 Elec Pw & Lt 86 pf- 3 Elsc Pw & Lt $7 pf . 39 Elec Stor Bat (23%). % Elk Horn Coal (d) .. % Elk Horn C pf (d) ... 125% Endicott-Joh pf(7). 1% Engineers Pub Svc_ 14% Eng P 8 $5.50 of ww 4% Equip Office Bldg--. TaErfeRR._ 813 Erie R R 1st p 6% Erie R R 24 pf. N'- 10% Eureka Vac C (80c). 23% 15 Evans Prod (al)... 5 2 Exchange Buffet T++1 14+ ++10+0104) FEELL FEE ¥ o5 % Fatrbanks Co_. 4 Fairbanks Co pf. 17 Fairbanks Morse.__. 713 Fairbanks M pf $3% 5% Fed Lt & Tr . 3% Fed Motor T 2 Fed Screw Works. % Fed Water Sve (A). 164 Fed'd D Strs (160¢c). 281 Fid Ph F In (11.20). 131 Firestone (40c) 8414 Firestone pf A (§) 45% First Nat Strs (2%) 21 Follansbee Bros(d). 20% Food Machine (1).. 97 Foster- Wheeler___. 60% Foster-Wheeler pf 19% Four Nat Iww al.10 8% Fox Film (A) 301 Frank Sim pf $3% . 2813 17% Freeport-Texas (1) 120'a 11215 Freeport-Tex pf (8) 11+ EEEEY —— % Gabriel Co (A) 513 Gen Am Investors. 32% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking uo:)_. FEFE P+00 II: & & 4 Gen Cable (A). 19 GenCable pf. caeue 50 Gen Cigar (14) ___. 20% Gen Electric (60c) .. 32% Gen Foods (1.80). % Gen Gas & El (A 11 GenG&E7% pt A. 597 Gen Mills (3) - llfll. 116 Gen Mt f (6) 451 26% Gen Motors (12) 1181 10715 Gen Motors pf (5)__ 35% 17% Gen Print Ink(1.60) 106 93'% Gen Print Ink pf(6) 4 1% Gen Public Service_ 34% 15% Gen Ry Signal (1) % Gen Realty & Util__ 16% Gen Refractories... 14 Gen Stl Casting pt_. 12 Gillett Saf Ras (1)_ 70% Gillett Saf R pt (6 214 Gimbel Bros._._. 18 Gimbel Bros pf—_. 23% Glidden Co (11) 109% 1047% Glidden Co pr pf (7) 4% 13 Gobel (Adolf) (d). 14% Gold Dust (1.20) .—— T4 Goodrich (B F) -—— 40 Goodrich (B F) pfo. 15% Goodyear T&R ... 70 Goodyear $7 pf (4)— 1% Graham-Paige. 5% Granby Consol 2% Grand Union 181x Granite City Stl (1) 26 Grant (W T) (1) 9% Grt Northern pf __ 9% Grt North Ore (50¢) 140 119 Grt West Sug pf(7) 5514 20's Greyhound Corp - _ 26 6 Gulf Moblle& N pf_ 24% 12 Gulf Stat 1 76's 48 Guif Stat _— 3¢ 30 Hack WpfA (1%)- 11% 6 Hamilton Watch _ 96 63 Hamilton Watch pf 108 101 Hanna (M A)pf(7)- 16 Harbison Walk (1). 515 Hat Corp of Amer.__ 81 HatCo pfww (6%) 1% Hayes Body. . 11 Hercules Mot (60¢). 71 Hercules Pw (13). s rs prcss M N PEES EEEFEFEFIIEFIE Ph4t d + bbbt | (eI rdd Tetad & [4% 1+ St ey FEFE FEFLS F 30% Houd-Hersh (2% ) A 6% Houdaille-Hersh B. 49 House Finpf (3%)- 9% Houston Oil_. 11 Houston Oil (new). 43 Howe Sound (3).__. 6% Hudson Motor Car_ % Hupp Motors.. e 9% I1linots Centra 215 Indian Refinin 23% Indus Rayon ( 60% Lngersoll-Rand 0). 46% nland Steel (2) 214 Inspiration Copper— 8% Interboro R T (d)-— 4% Interlake Iron._ ... 2% Int Agricuitural.... 26 Int Agricul pr pf_. 3% Int Car'rs Ltd (20e) 22% Int Cement (1) . 3414 Intl Harvester(80c) 135 int Harvester pf(7) 1% Int Hydro Elec (A). 22% Int Nick(Can)(60c). 1% Int Paper & Pw (A). 54% +14 29% + % 3% 31 26% — 59 +1 57 + % 5% — 4B =36 464% + % 45% +1 1% 325 + 2% - % 4% Int Paper & Pw pf. 9814 Int Print Ink pf (6). 42% Int Shoe (2) 16 1nt Silver. 8% Interattae Dep Str. 67 49 JewelTea (3).. 65% 381 Johns-Manv (a50c). 80% 50 Jones&Laugh?%pf. . 3% Kans City Southn. 6% Kans City South pf. 7% Kaufmann D S(80c) 8% 131 16% 21% 2% % Kelly-Spring T (d)- 23% 6 Kelsey-Hayes (A). 21% 3% Kelsey-Ha 18% 12 Kelvinator (160¢)... 96 84 Kendall Copf (16). 24 '13% Kennecott C (80¢).. 38 28 Kinney (GR) Copt. 26% 19% Kresge (§8) (1) 113 103 Kresge (S S)pf(7).. 32% 22% Kroger G&B (1.60). . 28% 22% Lambert Co (3). .. 12% 8% Lee Rub&Tire (50¢) 13% 5% Lehigh Val Coal pf_ 113, 5 Lehigh Valley R R 96 67% Lehman C (13.40). 17% 10% Lebn & Fink (1%).. 8% 6% Libby McNeill & L. 38% 21% Lib-O-Ford G1(1.20) 24% 21 LifeSaver (1.60) . 19% 16% Lily Tulip Cup(1%) 24% 131 Lima Locomotive.. 34 17% Link Belt (806) v 34% 24% Liquid Carb (11) e 44 31% Loew’s Ine (2)oeeee 1% 1 LoftInC.. .ceeeeee. 2% lu Long Bell Lum (A). 41% L,oon-wuu fl).._ 130 ulu Lgose- 25 18% Ldrlllll'l P (fl.’.). 22% nm Louisv G&EpfA 1% 4% 34 Louis&Nash(as¥). 24% 12% Ludlum Steel.... — | e 4+ %] 130 113 McAnd & F pf (§).. -0 28 MecCall +% il +8 9 3% — W % — W % 1% — % 3% — % 8% + % 1% 84% 2% 39% % 22 M 60% 87% MeCrory: . 187 2 S | 3% 4 +% 25 117% 115 116% +2% 1408 15% Kayser(J)&Coad0cx % 149% 237 28% 88 6y 69% 119 43% 118% 36 7 149 23 26% 8 6% m 42% 18 Th + % 149% + % 28% + % 28% +1% 119 43% 1184 35 36 106 105% 106 3% 2% 24 3 33 31 9 26'% 26% 26% 1 11 16 31% 30% 30% 17 3 12 9 5 3 28 AP emRRanwaaa _‘é 25% 10% 11% 10% 93% 13% TV 35% 238 18% 22% 25 10 1% 9% ++1+1 | ++4 s ARE 2] T4% 3% FESEE PPEFES R 114414+ ERESRFsEsSs $p 3 SFE FE FRESFRIF FINF FEE FELS FF & EFE L L Stock and . Dividend Rate. 7% McGraw Hill Pub__ 36% Mclntyre Porcu (2) 5% McKesson & Rob__. 32 MecKesson & Rob pf. 8% McLellan Stores___ 85% McLellan Stores pf. 18% Mack Truck (1).... 30% Macy (R H)& Co(2) 5% Mad’'n Sq Garalbe.. 18% Magma Copper (2 3 Mandel Bros.__ 29 Man Elev gtd (d) _ 13% Man E! md gtd (d) . 10 Manhat Shirt (60c). 1 Maracaibo Ofl Exp_. 5% Marine M1did (40c) 20 ' Marlin-Rockwell(2) 6% Marshall Field & Co 4 Martin Parry 23% Mathieson Alk(13%) 357 May Dept Str (1.60) 5% Maytag Co. 8414 Maytag 1st pf (6) 20% Mengel Co pf. .. 22 Merch&M Tr (1.60). 24% Mesta Machine (2).- 215 Miami Copper 9% Mid-Cont Pet(al5c) 8% Midland Steel Prod. 60% Midl'd Stl 1st pf(8).° 105 Minn Hon R pf (6)- 374 Minn Moline Pw_ 31 Minn Moline Pw pf_ 1% MStP&SSMlsin_ 10% Mission Corp . 2% Mo Kans & Texas__. 5% Mo Kans & Tex pf. 113 Mo Pacific pf (d) __ 10% Mohawk C M (a25¢c) 55 Monsanto Chem(f1) 21% Montgomery Ward. % Mother Lode_ - 17% Motor Product: 7ix Motor Wheel (60¢)_ 10% Mullins Mfg (A)- 10% Mullins Mfg (B) - 13% Munsingwear Inc. 4% Murray Corp. 69 37 L 385, lOA 109 26 5 Motors (1) _. 6% Nat Aviation.. 22% Nat Biscuit (1.60).. 1315 Nat Cash Ri A (50c) 12% Nat Dairy Pr (1.20) 1% Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 770s 23% Nat Distillers (2) .. 64 4% Nat Pw & Lt (80c). 144 % Nat Ry Mex 2d pf. 40% Nat Steel (11) 9 Nat Supply Co 36 Nat Supply Copf_.. 81 Nat Tea (60c) . - 7% Natomas Co (80c).. 4313 Newberry J J(1.60). 3% New Orl T&M (d) 4% Newport Industries 1815 N Y Alrbrake. Investors (d)__ N H & Hartford N H & Hartf pt 30% Noranda Mines (2). % Norfolk Southn (d). 99 Norf & West pf (4). 2 North Am Aviation. 101 9 NorthAmCo (1) 271 57 North AmEdpf (6) 3 13% Northern Pacific... 37 1% Norwalk Tire&Rub_ 1 2 30s 2% 27 18 39 144, 21% 813 22 9% Ohio Ofl (al5e) 16% Oliv Farm Eq(new) 315 Omnibus Corp 9 11 Otis Elevator (60c) + 4% Otis Steel _ 331 223, Otis Steel 80 Owens-1ll Glass 14 Pac-Amer Fisheries 13% PacificG&E (1) 19 Pacific Ltg (2.40) __ 6% Pac Wn Oil (bé0c) . 313 Packard Motors 10% Pan American Pet. i3 Panhandle Pro & R_ 6'3 Panhandle P&R pf_. 24 Par-Publie cod (d). 2 Park Utak g % Parmelee Transp't.. 1, Pathe Exchange_ .. 8 Pathe Exch (A)—mee 81, Patino Mine: 57% Penney J C (2)- 2% Penn Coal & Cok 3 Penn Dixie Cement. 17% Penn RR (1) 30 Peoples DS (11)_. 17% Peoples Gas Chi. 9% Pere Marquette. 1615 Pere Marq pr pf. 14% Pet Milk (1) 7% Petrol Corp 124 Phelps Dodge(azée) 125 23 PhilaCo 6% pf (3). 2 1% Phila & Read C&1 9 35% Philip Morris (1) __. 30 115 9 43 » ETSTT P =TI Y Y 13% Phillips Petrol (1).. % Pierce O 7 Pitts Coal 5'; Pitts Scre 22 Pitts Steel pf . _ * 1% Pitts United Corp 24'; Pitts United C pf. 63 Plymouth Oil 61 Poor & Co (B) 1% Porto R Am Tob(A) 4% Postal®el&C pf (d) 613 Pressed Stl C pf (d) 42% Proc & Gambl (1%) 115 Proc & Gam pf (5)-. 20% Pub Sve NJ (2.40). 97 Pub Svc E&G pf (5) 34 Pullman Inc (3) 5% Pure Ofl.__ 49% Pure Oi1 8 14% 8% Purity Bakeri _— 7% 4 Radio Corporation 62% 50 RadioC'ppfA (3%) 65% 35% Radio Corppf B ... 3 1% Radio-Keith-Or (d) 16% Raybestos-Man (1). 297 Reading (2) .- 36 Reading 1st pf (2).. 33 Reading 2d pf (2) - 314 Real Silk Hosiery. 20'% Real Silk Hose pf.. 7 Remington-Rand__ 71% Remington-R 1st pf 70 Remington-R 2d of 22% Remington-R pr pf_ 69 Remington-R pf (6) 21 43% 424 37% 11 6313 96 96% 28 Republic Stl pf md 13 Revere Copper (A). 75 RevereC&Bpf____ 24% 17 Reynolds Metals (1 108% 101 Reynolds M pf (5% 55 43'% Reynolds Tob B (3) 30% 217 Roan Antelope Ltd_ 44% 29'; Royal Dal.70 1-10c. _— 46 36% Safeway Stores (3) 113% 104% Safeway Strs pf (5) 114% 110 Safeway Strs pf (7) 21% 10% St Joseph Ld (40¢c). 2 % St L-San Fran (d).. 2% 55 Scott Paper (1.80)_. % Seaboard Air L (d). 1% _ % Seaboard A L pf(d). 35% 20% Seab'd O Del (160c) 44 . Dividend Rate. Add 00. llln. 81 Sears Roeb’k(a75¢) 1% Second Nat'l Invest. 1 7% Servel Inc.._ .. 9 Sharon Steel Hoop. 3% Sharp & Dohme ____ 7% Shattuck(F G) (25¢) 5% Shell Union O1l .. 63% Shell Union Oil pf__ 8% Silver King C(40c). 6 Simmons Co % Y% 5 Simms SI¥lI++S 11 283, 150 2]' 1615 20% 68'% 93 5% 5 12% 79'; 43% 10314 19% 5 9% 1% 25% 27 17 3874 116 28 1m 20 7% 1% 13% 10% 4% 5% 121 21% 11 3 1% 2% 9% 5% 23% 36% 8%, 124 11 51 85 7214 & e ErFEEF 2 =2 rsx 51 75% 5% 4% 11:00 A.M. cash ents b Geclarations. 1% 33% +1% | reorsanized. x EX 4's Waldorf Sys (b20c) 26% Walgreen Co (1.40). \ Iworth Co S 0nit of lus extra, 3 Accum Bet Sear: o'Gom Low. Close. Onl. 57 57% + ' 2% 10% 34 2% 199 10% 1% 4% 18 Sloss-Sheffield ... 15% Snider Packing. Secony-Vac (50¢) 20 Sou Porto R Sug(2) 132 Sou Porto R S pf(8) 10% South Cal Ed (1%). 12% Southern Pacific_ 5% Southern Railway __ 7 Southern Rwy pf... 42 Spalding(AG)1st pf 59% Spang Chalf pf (32) 34 Sparks-Withington. T% Sperry vte (a25¢) - Spiegel-May-Stern._ 80 Spiegel-M-S pt(6%) 13% Stand Brands (1) 2'4 Stand Com Tobac 1'; Stand Gas & Elec. 7 Stand Inv Corp... 27% Stand Ofl of Cal (l) Stand Oil Exp pf(5) 23 Stand Ofl of Ind (1) 50% 36% Stand O1I N J (t1)_. 12% Starrett (L'S) (1) _ 58% Sterling Prod (3.80) 1% Sterling Secur (A) 6% Stewart-Warner. 2); Stone & Webste: 2% Studebaker Corp.. 60% Sun Oil (t1) - 1154 Sun Ofl pf (6) Superheater ( 1% Superior Ofl_ 5 Superior Steel 5% 3% Sweets Co of Am 19% 14% Swift & Co (150e) 1% Symington (A)(d)_ —_— 6% Telautograph (60c) 4 Tennessee Corp.... 16's Texas Corp (1)... 28% Texas Gulf Sul (2)_ 3% Tex Pac Coal & Oil 813 Tex Pac Land Trust 14 Texas&PacRR... 13' Thatcher (1) ___ 61ix The Fair pf (3121) 213 Thermoid Co. 13% Thompson Pre 1% Thompson Starrett. Tide Wat Asso Oil_. 84 Tide Wat A O pf(6) 4% Timken-Detroit ... 28% Timken R B (11) 4% Tmnumerlunoc) Tl Trans & Westn Afr_ 5is Transue&Williams. 1% Tri-Contl Corp_ 4% Truax-Tra Coal-... 313 Truscon Steel 2%: Twin City R T-. 18 TwinCity RT pf. 1t Ulen & Co_.. 53% Und-Ell-Fis 29 Union Bag&Pap (2) 44 UnCarb&C (1.60)- 14% Un Ofl of Cal (1) ... 8215 Un Pacific (6) = 207 Un Tank Car (1.20). 9% United Aireraft __ 41; United Air Line vte 20% United Bisc (1.60) .. 46 United Carbon 2.40 1'3 United Corp. - 20% United Corp pf (3)- 8% United Drug.._- United Fruit (3)._. 9% United Gas Imp ( 8 U 8 Distributing__ U S Freight (1) _ 40% U S Gypsum (11) 5 USHoffman... 35% U S Ind Alcobol (2). 3 U S Leather vtc__ Ty U S Leather A vtc.. 53 US Leath prpf vte. 14% U S Pipe & F (50c)_ 3 U S Realty & Imp. 9% U S Rubber 2413 U S Rubber 1st pf__ 95 USSmelt&R (aé). s United Stores (. Univ Leaf Tob H’). 1 Univ Pipe & Rad 915 Univ Pipe & Rad pf. 1 UUHIPw&Lt(A) . 48 13 Vadsco Sales Corp.. 2 11% Vanadium Corp - 11% Van Raalte (a25e).. 34 Viek Chem (12) - 213 Va-Car Chemical ___ 173 Va-Car Chem 6% pt Va-Car Chem 1% El & Pw pt (s».. 63'3; Vulcan Detin (ad)__ 39 4 3 « Warner Bros Plc 1«: Warner Bros Pic pf. 213 Warren Bros. £ 7% Warren Bros cv pf._. 20% Warren Fdy&P (2)- 30t Wesson O&S (150c) 72 Wesson O&S pf (4)- 36 West Pa Elec pf (6) 397 West Pa Elee pf (7) 95 West Pa Pwr pf (6) 104! West Pa Pwr pf (1) 513 Western Maryland.. T's Western Md 24 pf 114 Western Pacific (d). 2% Western Pac pf (d). 20% Western Union..... 18 West'gh'se A B 50c. 325 Westinghse El a50c. 10 Weston Elec Inst. 141 Wheeling Steel .. 46! Wheeling Stl pf(31) 67 White Motor. 131s White Rk M S(1.40) 1% White Sewing Mch- 6 White Sew Mch pf_. 1 Wilcox Oil & Gas_.. 3% Wilsod & Co (a25c). 58 Wilson & Co pf (6)- Woolworth (2.40) . 11% Worthington Pump. 25' Worth Pump pf A lOOl 35% Wright Aero._. 73% Wrigley W jr (t 17% Yale & Towne (60c) 2% Yellow Truck. .. 311 Yellow Truck pf.. 18 Youns Sp& W (t1). 13 YoungstownS& T.. 38's Youngst'wn S&T pf. -_ 1% Zenith Radlo__. 2% Zonite Products. Approximate Sales of Stocks on the N. ¥. Stock Exchange. Dec 208 10s 113% 10 113% 11915 8% 13% I+++1++ 1 2408 1 3 36 530,000 13:00 Noon. 1, latest quarterly Balf-yearly less than 100 shares. ut. nruu £33 il TR wle o, RE INSURANCE STOCKS NEW Y August 23 lfl —Ne Seturity Tomicss” Association o Aetna Cas (2'2a Aetna Pire (1.50) Aetna u!e':.fiqv Carolina (1 ity of N Y (1) Gen Life (80)- = §"2- o a0 i 238250 R Bt e -m-mm” STATEMENT IS ISSUED BY NEW YORK RESERVE | By the Associated Press. CHICAGO LIVE STOCK. CHICAGO. August 23 (P (United States Department of Agriculiure) _~Hoss, 8000, 00 direct: steady %o 10 lower e Huridays average: plain under- 'ellhtl sharply o in ins be( er. _19¢ H . NEW YORK, August 22—The| 1185 1 statement of condition of the Federal Reserve Bank of New York at the|9.% close of business August 21 shows: Gold certificates on_hand and due from 8 74.000 2,786,841.000 1:843.000 41105, 1416:08 6.965,000 18.000 95,000 18,928,000 716.517.000 None. huu discounts i oben market advances 5. Govei 2 7&2. 11.00\7 80.6% 12 months ended March 31, was §974,- 857 vs. deficit $284,810. ' venly lower. suggesting m ToF next week's market. few offerings here of ulue to sell but buye: weak to une erate holdov tlve ln'nn( zo 15 hl‘her nllhel 9.4 erely good cli AUTO FINANCING RISES. The dollar volume of retail financing of new passenger cars for July was 9 per cent ahead of the same month last year and 53 per cent above that for July, 1933, the Department of Commerce reports. with June, 1935, there was an increase of 4 per cent,’s contrasseasonal change. ‘| wall STOCKS IRREGULAR ‘AT SESSION'S END . Rails and Industrials Swept Higher as Utilities Move Downward. STOCK AVERAGES 30 15 15 Indus. Rajls. Util Net change. +.5 +3 —7 Today, close®65.6 315 Prev. day... 65.1 382 Month ago_. 634 332 Year ago... 51.3 29.5 1935 high-.. 65.6 39.3 1935 Jow-... 49.5 216 1934 high__. 61.4 406 1934 low.... 453 228 242 1932 low.... 17.5 8.7 239 1929 high__.1469 153.9 1843 157.7 1927 low. 516 953 618 618 (Compiled by the Associated Press.) *New 1935 high. 26.1 28 2438 278 216 18.5 430 BY VICTOR EUBANK, As50¢ d Press Pinancial Writer. NEW YORK, August 23.—The utili- ties backed water in today’s stock mar. ket following action of the House on the much-debated holding company | bill, but rails and industrials exhibited a strong undertone. Gains of 1 to 2 or more points ruled among the favorites and the power division later halved declines |of as much. The close was irregu- lar. Transfers approximated 1,800,000 shares, The market paid little attention to most Washington developments. Aside | from a reaction of foreign currencies, the effect of European war talk on Street was questionable. A more-than-reasonal gain in freight car loadings helped sentiment. Aside from the utility news, a drop of $1 or more than $4 a bale in cot- ton futures, induced by announce- ment of the Government’s new crop loan program, was an unsettling in- fluence at the start. Cotton recovered partially later. Power shares were thrown over in large blocks at the opening. Then trading slowed down somewhat as demand for other stocks brought substantial rallies in these equities. Grains were uneasy at the begin- ning, in sympathy with cotton, but it did not take them long to recover. Scattered industrial and many carrier bonds displayed firmness. In shares a number of new highs for the year were registered, including Case and Du Pont with advances of around 2 points each. Among others up as much were Hercules Motor, Monsanto Chemical and United States Smelting. | New York Cotton By the Associated Press. NEW YORK, August 23.—Coinci- dently with the Government’s an- nouncement that it would loan only 9 cents a pound to cotton growers this season, against 12 cents on the 1934 crop, New York Cotton Exchange | seat values experienced a moderate boost today. A membership was reported sold at 811,000, which was $1,500 above the price paid in the last transfer. Market observers expressed the opinion that the advance mirrored the hopes of traders that the lower loaa level would tend to restore a “free” market, and thus make for more active trading. Futures closed barely steady. 40 to 61 lower, Low. October December _ January March May July Spot High. Cottonseed Oil. Bleachable cottonseed oil futures closed firm. September, 10.30b; Octo- ber, 10.26; December, 10.08; January, 10.09; March, 10.12b. Sales, 128 con- tracts, including 2 switches. b—Bid. Liverpool Quotations. LIVERPOOL. August () —Cotton. 2.000 bales. Including 700 American. 8pot moderate business done siriet sood ofdinary. 5.7 §48. " Futures closed st December. 61: J Maren, 558, May, 55 Chicago Grain By the Associated Press. CHICAGO. August 23.—A strong rally lifted wheat prices 3 cents a bushel from opening low figures today. Broadened speculative buying that caught the pit with scant offerings brought about a rather sharp rebound from early weakness which was in sympathy with lower Liverpool quota- tions and a break in cotton. Some of the buying was credited to houses with Eastern connections. Reports of small yields and poor quality were re- ceived from Spring wheat territory. Wheat closed 12al cent above the previous finish, December, 915%a%, and cor nwas Jsa’s up, December, 56%a%. -Oats closed unchangea to 34 higher, rye was % up and barley was steady. Provisions were higher. High. mflmanmnnvunmwnmummmm Dec ased the or Cash wheat: No. 3, red, 91% (2% per cent rye); No. 2, hard, 1.04%:; corn, No. 2, yellow, 81!2a82; No. 4, yellow, 79; oats, No. 2, white, 32; sam- ple grade, 25a26%; rye, No. 3, 44%; no buckwheat; soy beans, No. 2, yel- low, 62, net track country etations: new, 56, October and November. de- liveries; barley, 45; nominal feed, 34 245; malting, 42a63; timothy seed, per hundredweight, 10.25a15.75. Baltimore GI.h“’Il. s%e: August. Liversool Grain Prices. August 23 —Wheat tuflires closed my" o inter. earlicis, spot. domestic. 837%.