Evening Star Newspaper, August 24, 1935, Page 12

'A—12 WHOLESALE TRADE Sales Up 16.1 Per Cent Over 1934 Mark—Hardware Volumes Next. BY EDWARD C. STONE. Groceries revealed the best percent- ege gains in wholesale trade of the Fifth Federal Reserve district, includ- ing Washington, during July, the Re- serve Bank of Richmcad reported to- day in making comparisons between the five leading lines. The jump was 16.1 per cent over July, 1934. Hardware sales came next with a 145 per cent advance. Drugs stood third with an upturn of 5.4 per cent. Dry goods sales were lighter than & year ago by 20 per cent and shoe sales were off 11 per cent, the bank said. Compared with June of this year, Midsummer wholesale trade hung up & brilllant record. Shoe sales were 921 per cent better, dry goods sales were up 14.1 per cent, grocery de- mand was 8.2 per cent better, while drug buying increased 6.2 per cent end hardware 4.1 per cent. ‘Wholesale trade was spotty in the first seven months of the present year as compared with the like period in 1934, Hardware trade gained 8.4 per cent, groceries 5.8 per cent, and drugs 1.3 per cent, but dry goods business was off 17 per cent and shoe sales 13 per cent. Stocks on hand at the end of July, compared with July 31, 1934, were Jower in groceries, dry goods and shoes, but 3.4 per cent higher in hard- ware, with drugs not reported. Com- pared with June of this year stocks on hnnd were 5 per cent higher in hard- ware, 19 per cent in dry goods, 26 in shoes and 2 per cent in hardware. Collections during July were excel- lent. Grocery payments were good. ©Of bills due the first of July, 39 per cent were paid on dry goods, 54 per cent on shoes, 41 per cent on hard- ware and 66 per cent on drugs, the Richmond Bank says. Dual Bank Control Scored. Dual control of backs by State and "Nation must be abolished if sound ‘banking conditions are to prevail in the United States, Dr. C. D. Bremer declares in “American Banking Fail- ures,” just published by the Columbia University Press. The inability of American banking to provide adequate protection for the resources of the community and the savings of deposi- tors has repeatedly been demonstrated by the recurrence of bank failures, he @sserts. The guaranty-of-deposits plan is not a solution of the bank failure problem in the country, according to Dr. Bremer, whose study of the bank- ing situation was conducted under the faulty of political science of Co- lumbia University. “Competition between the national and State banking systems for banks and resources has involved a gndual deterioration of the banking laws” Dr. Bremer says. “It has specifically been shown that the national banking act has several times been relaxed in order to place the powers of national banks more nearly on a par with those enjoyed by State banks.” A fundamental weakness of the United States banking structure has been the establishment of an exces- sive number of banks, Dr. Bremer points out. “By far the greater pro- portion of banks suspended between 1921 and 1932 were small banks, al- though after 1929 there was a distinct tendency toward failure among the larger banks.” Sentiment Turns the Corner. The Henry Clews weekly review declares that sentiment has turned the corner for the better, citing the upward movement in trade and the advance in the stock market as two good indications. With retail trade still expanding and wholesale buying for Fall and Winter the best in sev- eral years, the review looks for the upswing to continue. Further com- mments from the weekly: “Not only is steel activity increas- ing, but what is more encouraging, 4t is noticeable in almost all steel districts. Too much stress cannot be Jaid on this development because steel is really the barometer of trade and usually when conditions are fa- wvorable in this branch of industry it means that there is a corresponding pick-up in nearly all other lines. “The upward trend of employment 4n this country was resumed in June sfter a temporary setback in May, end in consequence the number of employed persons is now near the peak level record in April, 1933. The total as of June is estimated at 37- 746,000, compared with 37,716,000 in May. There has also been a marked improvement in the national banking situation and the Federal Deposit In- surance Corp. is now citing a growth ©of $7,199,000,000 in deposits in 15,788 licensed banks, 14,214 of which are members of the F. D. I. C. “Bank debits, power production and other indices of business are making 8 favorable showing and are the basis for the statement that the Fall upturn 4n activity is now under way.” Gleaned in Financial District. President H. Prescott Gatley of the National Savings & Trust Co., will be back at his desk in a few days after a trip to Europe. Marriner §. Eccles, governor of the Federal Reserve Board, left Washing- ton today for a month's vacation in Utah. He expressed high praise for the banking bill Mrs. Nellie Tayloe Ross, director of the United States Mints, took part in the ground-breaking ceremonies for the new mint to be built in San Fran- cisco, involving an outlay of $1,225,000 #nd 18 months’ work. In connection with the death of Willilam D. Beall, native of George- town and former banker, it is interest- ing to note that his grandfather, Wil- liam Marbury, was the first president of the Farmers & Mechanics National Bank, now a branch of Riggs National. The National Association of Bank ‘Auditors and Controllers will hold its ennual convention at New Orleans on November 11, 12 and 13, President Oscar G. Schalk, St. Louis, announced today. DECLINE CONTINUES IN BANK ACCEPTANCES FINANCIAL. Prev, 1985 “Btock and High, Low. 49 82 Abr& Strauss (11) ns 110 Abr & Strauss pf(7) 4% Ad Express ... !3% 28 Ada 118 (2) ... 14% 8 Addressog'h(albc). 4% Advance Rumley... 6% Affiliated Pro (60¢). 15% Alaska Jun (160¢).. % Alleg Corp (d).___. 2 Alleg pf w340w (d). 1% Alleg pf xw (d). m Alleg prpf (d) o 3014 Allegheny St (1 165 126 Allied Chem (6) .- 7 314 Allfed Stores 49 Allied Stores pf (‘). 12 AllisChalmers _.. 481 Amerada Corp (2) . 41% Am Ag Ch Del (3).. 30% 13% Am Bank Note 146% 110 Am Can (t4) 25% 10 AmCar& Fonndry- 25% Am Car & Fdry pf.. 8 AmChatn . _____ 61 Am Crystal Sugar... % Am Encaustic (d).. 2 Am & Forelgn Pwr_ 12 Am & For Pw $6 pf. 14 Am & For Pw $7 pf. 3% Am & For Pw 2d pf. 8% Am Hawaiian S8(1) 2% Am Hide & Leather. 17 AmHide& L pf . 29% Am Home Pr (l 40). 5T 1% Am La Fran pf (d)- 9 Am Locomoti: z 32 Am Locomotive pf_ 181 Am Mch & F'y (80¢c) 4% Am Mch & Metals _ 4'; Am Mch & Met vte. 13% Am Metal _ 113 Am Power & leht. 8% Am Pw & Lt $5 pf. 10% Am Pw & Lt $6 pf. 10% Am Radiator 15% Am Rolling Mil 4% Am Seating vte 20 Am Shipbldg (2).__. 31% Am Smelt & Ref 117% 103 AmS&R 6%pf $13% 12 Am Steel Foundry 88 Am Stl Fdry pf (2). 331% Am Stores (12) 18 Am Sumat Tob (t1) 987 Am Tel & Tel (9)__. 72% Am Tobacco (5) - 74% Am Tobacco B (5).. 9 Am Type F pf (d)__ Ti4 Am Water Works __ 48 Am WatW 1st (6). 47 Am Woolen 35% Am Woolenpf ____ % Am Writ Pap (d) ___ 2% Am Writ Pap pf (d) 3 AmZinc & Lead . 31 Am Zinc & Lead pf. 8 Anaconda Copper__. 16% Anaconda Wire _ 12% Anchor Cap (lOc)__ 31y Andes Copper 36 Archer Dan M (t1). 3% Armour of I1linois . 55'% Arm'r(Il)pr pf (6)_ 16% Armstrong Cork 50¢ 4 Arnold Constable. 745 Asso Dry Goods . 807 Asso DG 1st pf($9). 35% Atch To&S Fe (a2). 19% Atlantic Coast Line. 21% Atlantiec Ref (1) .. 32% Atlas Powder (2) l‘ll 106% Atlas Pwr pf (6) 36% 15 Auburn Auto 4% 2% Aviation Corp(Del)’ 6% 26% 11 Baldwin Loco (d) .. 7'3 Baldwin Loco pf (d) 714 Baltimore & Ohlo_.. 9% Baltimore & Oh pf._. 3% Barker Brothers.__ 32 Barker Brothers pf_ 5% Barnsdall Corp 87'% Bayuk Cigar (1) 14% Beatrice Cre (a50c). 11% Belding-Hem (a50¢) 117% Bendix Aviation.._. 15% Beneficial Lo (13%). 34 Best&Co(2)_ 21% Bethlehem Stee! 55% Beth Steel Df(ll“) 14% Bigelow-San Corp... 9% Blaw-Knox._ 614 Boeing Airpla 39% Bohn Alum &Br (3) 21 Borden Co (1.60) ... 28% Borg Warner (1%). 3% Boston & Maine ___ 813 Bridgep't Bra: . 241 Briggs Mfg (2)____. 23% Briges & Strat (3) . 30% Bristol-Myers (t2). 36% Bklyn-Man Tr (3).. 14 BKlyn& Qpf (2)__. lfl.— Dividend Rate. Add 00, High. THE EVENING STAR, WASHINGTON, D. C., SATURDAY, AUGUST 24, 1935. GROCERIES LEAD TRANSACTIONS ON THE NEW YORK STOCK EXCHANGES][][}KSG[][][]WN Low. Close. Ciee. 508 45% 45% 46% -1% 208 114% 114% 114% — % 14 8% 8% 8K —% 24% - % 11% + % 24% 457% + % lOR'n 1081 —1% 18% 18% -1Y% 99% 100 36% 36% + W 25% 25% — % 135% -2% 98 100% — 3% s 1T — % 45 43 Bklyn Union Gas(5) - 3% Brunswick-Balke__. 4% Bucyrus Erfe__ 8% Bucyrus Erfeev p! 3% Budd(EG)Mfg. .. 23 Budd(E G)Mfg pf_. 2% Budd Wheel ... 8% Bullard CO . —cceame 3% Bulova Watch_.___. % Burns Bros(A)(d)-. 13% Burr Add Mch(60¢c). 1% Butte Copper&Zinc. % Butterick Co (d)..- 11% Byers (A M) - 303 California Pkg(1%) 1% Callahan Zinc 215 Calumet & Hec! 714 Campbell-Wy a40s_. 8% Can Dry G A (40¢) . 9% Canadian Pacific__.. 4% Capital Admin (A). 32 Cap Adm pf A (3). 45% Case (JI)Co. .. 361 Caterpillar Tr (11). 19% Celanese Corp._ .. 11% Celotex Co of (d)—. 38% Cerro de Pasco (4)— 3% Certain-teed Prod_.. 23 Certain-teed Pr pf_. 4% Checker Cab Mfg_.. 87% Ches & Ohio (2.80)_ 36 Chesapeake Corp(3) % Chi & Grt West (d)_ 156% Chi Mail Order (t1). % Chi M StP&P pf (d) 1% Chi &N W (d) . 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf. % Chi R I&Pac (d) __. 1% Chi R I&P 1% pféd) 25% Chickasha C O (2) .. 3% Childs Co- .. 9 Chile COpper--..... 81 Chrysler Corp (1) 16 City Ice & Fuel (2). 33 City Stores__ 12Y% Clark Equip (loc).- 27% Clev Graph Br (11). 15% Colgate-P-P (50c).. 9 Collins & Afkman.. 69% Colfins & Atk pt (7) 1 Colo Fuel & Ir (d)_. 5 Colo F &1 pf (d)eue 3% Col Gas & Elec..... 81 ColG&E pf (5)---. 67 Colum Carbon (4)... 39% Comel Credit (3)__. 56% Comel Inv Tr(12.80) 97% Comel In T pf(4%)- 17% Comcl Solv (160c) - % Comw & Southern_.. 29% Comw & Sou pf (3). 27 Congoleum-N(1.60) 9 Congress Cigar_._.. 23% Conn Ry&Lt (4%). 7 Consol Cigar....... 3% Consol Film 14% Cons Film pl(fll/.) 15% Consol Gas N ¥ (1). 72% Consol Gas of (). 1% Consol uunmn_- 63 Consol Of1 % Consol Text! 8% Container Corp (A). 2% Container Corp (B). 4% Contl Baking (A)... % Contl Baking (B)... 62% Contl Can (2.40) ... 7 Contl Dia F (a30c). 287% Contl Insur (11.20). % Contl Motors __ 15% Contl O Del(fll*e) 41% Corn Ex BK&TT (3). 62 Corn Prod Ref (3).. T0% —2% 531 —1% 28% — % 30 -1 55% —1% 48% + % 691 69% — 3 00'6 100% — 3 19% — % 53 36% - - @ ASatanenonI P g. Prev. 1% 29 12 8% 8% 7% 28 32 66% 132 o8 __ 65 Detroit Edison (4). 2 Det & Mackinac.... 35% Devoe & R (1) A 26% Diamond Mtch t1%. 34% Dome Mines (12)... 6% Dominion Stores... 17% Douglas Air (a75¢). 13% Dresser Mfg A bl3j. 2 Dunhil Internatl... 86% Du Pont (13.60) ___ 3% Eastern Roll M1l 3% Eitington-Sch! 19% Electric Auto Lite.. 107 Elec Auto L pf (7). 3% Electric Boat ... 5% Elec & Mus Ind—. 1% Elec Pw & L 21 Elec Pw & Lt $6 Dt- 3 Elec Pw & Lt §7 pf. 52% Endicott-John (3)_. 125% Endicott-Joh pf(7). 1% Engineers Pub Svi 14 Eng Pub Sve $5 pf_. 14% Eng P S $5.50 of ww 15% Eng Pub Sve $6 pf.. 4% Equip Office Bldg-.. Th ErleRR__ 8% Erle RR 1st pt_... 6% Erie R R 2d pf-. 10% Eureka Vac C (80¢). 15 Evans Prod (al).. 4 Fairbanks Co pf. 17 Fairbanks Morse__. T1% Fairbanks M pf $3% 5% Fed Lt & Tr._ - 3% Fed Motor T (a10¢). 7 Fed Water Sve (A). 16%4 Fed'd D Strs (160c). 1314 Firestone (40c) . 45% First Nat Strs (2%) 19 Florsheim (1) A__.. 2% Follansbee Bros(d). 97 Foster- Wheeler___. 60% Foster-Wheeler pf 19% Four Nat Iww al.10. 8% Fox Film (A) 17% Freeport-Texa + % Gabriel Co (A)-. 7 Gamewell Co 5% Gen Am Investor: 324 Gen Am Trans(1%) 11% Gen Asphalt % Gen Baking (60¢) 19 Gen Cablepf __ 20% Gen Electric (806) - 32% Gen Foods (1.80) ... % Gen Gas & El (A)... iy 26% Gen Motors (12) .. 26 1071 Gen Motors pf (5) - 17% Gen Print Ink(1.60) 1% Gen Public Service_. % Gen Realty & Util_. 16% Gen Refractorie 14 Gen St] Casting 12 Gillett Saf Ras (1)~ 70% Gillett Saf R pf (5). 2% Gimbel Br¢ —— 18 Gimbel Bros pfo.... 23% Glidden Co (11) .——e 1% Gobel (Adolf) (d). 14% Gold Dust (1.20) T4 Goodrich (BF)_ ... 40 Goodrich (B F) pf_. 15% Goodyear T&R 215 Gotham Silk Hose__. 20 Gotham Silk H pf... 1% Graham-Pal; 5% Granby Consol ____ 14% Grand Un pf (1%).. 26 Grant (W T) (t1). 95 Grt Northern pf._.. 9% Grt North Ore (50c) 26% Grt West Sug (2.40) 204 Greyhound Corp.. . 6 Gulf Mobile & N pf_ ———————————— T 11% 108 24% 12% % 4 Hall W F Printing.. 613 Hamilton Watch __ 101 Hanna (M A)pf(7)- 16 Harbison Walk (1). 5% Hat Corp of Amer_. 1% Hayes Body. . 117% 85 Hazel AtlasGl (5).. 3% Hareulu Mot (§0¢) 73% Hes hw Choe (3)... 5% Holland Furnace .. 6% Holland & Son (50c) 6% Houdaille-Hersh B. 9% Houston Ofl....__.. 1% Houston Oil (new).. 43 Howe Sound (3) .. 6% Hudson Motor Car.. % Hupp Motors _— 1T% 83 9% 89% 5 19% 3 8% 5 42% T% 33 55% A% 29% 3 1% 1% 12% 36% 48% 12% 1684 90 36 9% Hlinols Central 231, Indus Rayon (1.68). 6014 Ingersoll-Rand (2). 46% Inland Steel (2) 21 Inspiration Copper. 8% Interboro R T (d)._. + 1} Intercontl Rubber.. 4% Interlake Iron 2% Int Agricultural 26 Int Agricul prpf___ 8% Int Car'rs Ltd (20¢) 22% Int Cement (1). 343 Intl Harvester (80c) 1% Int Hydro Elec (A). 22% Int Nick(Can) (60¢). 1% Int Paper & Pw (A). % Int Paper & Pw (B). % Int Paper & Pw (C). 4% Int Paper & Pw pf_. 29 IntSalt (1%) 42% Int Shoe (2) 601 Int Silver pf Ty 5% Int Tel & Tel. ... 8% Intersttae Dep Strs. 70% Int Dept Strs pf (7). 25 Island Creek C (2).. ————————— 66'4 82% 8% 1315 21% 2% 22 23% 21% 18% 24 26% 69% 32% 384 Johns-Manv (a50c). 50 Jones&Laugh7%pf- 3% Kans City Southn__ 6% Kans City South pf. 15% Kayser (J)&Co ad0c. 3 Kelly-Spring T (d)- 6 Kelly-ST 6% pf(d). 6 Kelsey-Hayes (A)_. 3% Kelsey-Hayes (B).. 11% Kelvinator (160¢).. 18% Kennecott C (60¢) ... 19% Kresge (S S) (1) 56% Kress (S H) (11)_.o 22% Kroger G&B (1.60). —_— 28% 12% 3% 18% 11% 9% 103% 32 !M 51% 1“ lfi% 35% 22% Lambert Co (3) ___ 8% Lee Rub&Tire (50¢c) 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf.. 5 Lehigh Valley R R... 67% Lehman C (12.40) ... 10% Lehn & Fink (1%)._. 6% Libby McNeill & L. 21% Lib-O-Ford G1(1.20) 21 Life Saver (1.60) 93% Ligg & Myers (14)B 17% Link Belt (80¢) —cee 243% Liquid Carb (1)... 81% Loew's Inc (2) ... 102 Loew's Inc pf (63%). 1 Loft Inc 1% Long Bell Lum (A). 18% Lorillard P (11.20). % La Oll Ref (d) ... 10% Louisv GEEpfA 1%. 12% Ludlum Steel ._, . ._ 90% Ludlum Stl pf (6%) 40 . McAndrews&F'(12). 28 McCall Corp (2)... T% McCrory Stores (4). 6% McCrory Strs B (d). 36% McIntyre Porcu (2) 5% McKesson & 32 McKesson & 30% Macy (R H)& Co(2) 5% Mad'n Sq Gar a166_. 29 std 18% Man El md gtd (d)_. 10 Manhat Shirt (60c). 5% Marine Midld (40¢c). 6% Marshall Field & Co 23% Mathieson Alk(1%) 186 Mathieson A pf (7). 85% May Dept Str (1.60) 5% Maytag Co. 3 Mengel Co.-_. 20% Mengel Co pf.._. 24% Mesta lllchln. (l)_ - 20 uu o 1% -1 % 9 8 3% 3% 3% 10117 116 116 12 % 6% 6% - % AN 18 1 - % 24% 23% 23% — % 6 — % 93 28% 26% 26% -l% 108 1104 110% 110% 38 8% Bk - % o o on i 5% 4% 4% =% 1% 16% 16% —4% 20 20% —3% ain 63w o — % 128 128 138 5 4% 4% 1% 2 82 -7 33% —2% 34% —4 7 12 =% 16 10% — % - 3 178 25 68 - S & - porenSanan © @ S 3 AT o maBas ~ abennhumacn aoe [ B 4% — & 30% —-1 941 —1 89 — 1 4% - % 18'« -1% ahoamn® = - 32 §-,.-»afiwm. o - s 28 ot w2Sammanne - = 10% — % 2% — 3% 10% — % % — &% 9% — % 13% T% — % !BK % 1] 117% 117% 117% + % 3 33 32% 32% — 6 30 29% 30 + 'pfi 11 41% 41% 41% — % 2 105% 105% 105% +1% 3 1% 1% 1% 1% 1% — % 24% 2% - % % % 19% 10% —1% 22! 22% —1% 124% +4% 4 +% 32 —1n 124 — % G:;-bm&‘n" Puv nu uu % 19% 8% 33% 18% 1% 4% 144 21% 814 22 16 80 104 17% 28% 44% 11% 5% 45 124% 52% 104 14% ™ 621 65%, 3 21 434 6315 23% 30% Stock and Bales— Dividend Rate. Add o% l!:h. 0% Multine Mfg (B)-—- 4% Murray Corp....... 11 Nash Motors (1) 4% Nat Acme Co. 22% Nat Biscuit (1.60).. 13%Nat Cash Rg A (50c) 12% Nat Dairy Pr (1.20). 1% Nat Dept Stores (d) 17 ' Nat Dept Strs pf(d) 23% Nat Distillers (2) _. 4% Nat Pw & Lt (807). 40% DI M Nll Supply Co of_. Natomas Co (80c) 18% N Y Airbrake. ... 12% NYCentral RR.__. YChi &St L pf... Dock pf.-. .. Investors (d) N H & Hartford N H & Hartf of Ontario & West Rwys pf (d) Y Shipbuilding Norfolk Southn (d). 99 Norf & West pf (4). 2 North Am Aviation. 9 North AmCo (1) . 35% North Am Co pf (3) 57 North Am Ed pf (6) 13% Northern Pacific.. . > 4 4 Y s % Y #F:F7R="R 2222 222% —————— e 9% Ohio Ofl (a15¢) 16% Oliv Farm Eq(new) 3% Omnibus Corp __ 11% Otis Blevator (60c). 4% Otls Steel .__ 22% Otis Steel pr p! 80 Owens-Ill Glass(4). — 14 Pac-Amer Fisheries 13% PacificG& E (1%). 19 Pacific Ltg (2.40) . 6% Pac Wn Oil (b40c) 3! Packard Motors _ 3 Panhandle Pro & 60s 53 1 94 4 80s 2 19 5 1 20s lob 105 105 29 249 3 2 8 8 7 72 8 615 Panhandle P&R pf_ loo. 2% Par-Public cod (d). 13 Pathe Exchange___. 8 Pathe Exch (A) 8% Patino Mines. 67% Penney J C (2) ... 2% Penn Coal & Coke__. 3 Penn Dixie Cement.. 17% Penn RR (1) ____ 30 PeoplesDS (11)__ 17% Peoples Gas Chi.._. 9% Pere Marquett, 8% Petrol Corp.- 12% Phelps Dodge(a25c) 23 PhilaCo 6% pf (3). 1% Phila & Read C&I. 35% Philip Morris (1) ___ 13% Phillips Petrol (1)_. % Plerce Oil__ % Pierce Petroleum 515 Pitts Screw & Bol 224 Pitts Steel pf 10% Pitts Term Coal p! 1% Pit nited Corp. 2415 Pitts United C pf. 1 Pittston Co._ 614 Plymouth Oil 64 Poor & Co (B) 4% Postal Tel&C pf (d) 612 Pressed Stl C pf (d) 42% Proc & Gambl (1%) 3 120% 115 Proc & Gam pf (5) .. 20% Pub Sve N J (2.40) 854 Pub Sve NJ pf (7). 34 Pullman Ine (3) 5% Pure O11 8% Purity Bakeries a 4 Radio Corporation 50 RadioC'ppfA (3%) 35% Radlo Corppf B __ 1% Radio-Keith-Or (d) 16'; Raybestos-Man (1) 297 Reading (2) 204 Real Silk Ho: 7 Remington- 71% Remington-R 1st pf 70 Remington-R 2d ot 69 Remington-R pf (6) 22% Remington-R pr pf_ 2% Reo Motor Car..... 9 Republic Steel 28% Republic Steel pf. 28 Republic Stl pf cod_ 75 RevereC&Bpf __. 17% Reynolds Metals (1! 12% Reynolds Sp (t40c) 43% Reynolds Tob B (3) 21% Roan Antelope Ltd_ 113% 104% Safeway Strs pf (6) 114'5 110 Safeway Strs pf (7) 21 10% St Joseph Ld (40¢).- % StL-San Fran (d).. 6 Savage Arms _ 22 Scheniey Distillers. 8 Schulte Re Strs pf 3 Seaboard Air L (d). 20% Seab’d O Del (160c) 31 Sears Roeb'k(a75c) 1% Second Nat'l Invest. 78 Servel Inc 9 Sharon Steel Hoop... 3% Sharp & Dohme .___ T% Shattuck(F G)(25¢) 5% Shell Union Of1____. 8% Silver King C(40¢). 6 SimmonsCo... . .. 5 Simms Pet (a50¢)-- 613 Skellyon ___ 13 Sloss-Sheffield .. 24 Sloss-Sheffleld pf_. 15% Snider Packing .. 11 Secony-Vac (30c) __ 20 Sou Porto R Sug(2) 10% South Cal E@ (1%4)- 12% Southern Pacific__.. 5% Southern Railway.. 7 Southern Rwy pf. 5 Spalding (A G) 59% Spang Chalf pt 3% Sparks-Withington 65 Spear & Co 1st pf__. 7% Sperry vtc (a25c) - 43% Spiegel-May-Stern_ 13% Stand Brands (1) . 17 5 22 1 88 1 3 10s 1 26 l - 0s 1 30s 1 21% 51 4% 3% 19 51 3% - % 19% —2% b1 — % 9% — % N —-% 131y 52 16% 41% 22 424 9% 13% 27, 108 13 1127% 09 1% 10% | 120 104% West Pa Pwr pf (7) | plus extra. 3 Accumulated dividends. Prev. 1636 Stock and Low. Dividend Rate. 214 Stand Com Tobaceo. 1% Stand Gas & Elec... 1% Stand G & E $4 pf. 4% Stand G& E $6 pf__ 6 StandG&ESTpf__ 27% Stand Ofl of Cal (1) 23 Stand Ofl of Ind (1) 35% Stand Ofl N J (+1)_. 12% Starrett (L 8) (1) - 8 “600 High. 3 4% T 214 Stone & Webstar___ 2% Studebaker Corp__.. 11 Superheater (50c).. 1% Superior O1l. 5 Superior Steel 14% Swift & Co (1508) % % Symington (d) % 23% 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Oil. 813 Tex Pac Land Trust 14 Texas&PacRR .. 50 Thatcher M pf(2.60) 21 Thermoid Co. 13% Thompson Pr 1% Thompson Starrett. 7% Tide Wat Asso Ofl . 84 Tide Wat A O pf(6). 4% Timken-Detroit_. 28% Timken R B (11) 4% Transamerica(30c). T% Trans & Westn Air. 5% Transue&Williams. 1% Tri-Contl Corp_____ 69 Tri-Contl Cor pf(6) 4% Truax-Tra Coal.. 8% Truscon Steel . 214 Twin City R T. 18 TwinCity RT 6% Telautograph (60c). 1 102% % 504 53% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb& C (1.60). 14% Un Ofl of Cal (1) 82% Un Pacific (6 20% Un Tank Car (1.20). 7 United Afrcrafe____ 4% United Air Line vte 7 United Am Bosch . 20% United Bisc (1.60) 46 United Carbon 2.4 1% United Corp. ... 20% United Corp pf (3)-. 8% United Drug__ 414 United Dyewood. 3% United Elec Coal 65 United Fruit (3)_. 9% United Gas Imp (1). 4% U S & For'n Secur. 11 U S Freight (1) _ 40% U S Gypsum (t1) .. 5 US Hoftman___ 35% U S Ind Alcohol (2). 314 US Leather vte .. 74 U S Leather A vte__ 14% US Pipe & F (50c)_. 3 USRealty &Imp_.. 914 U S Rubber____ 2413 U S Rubber 1st pf. 95 USSmelt&R (ab). 2714 U S Steel ___. 73% U 8 Steel pf (2) .. 3% United Stores (A) 46 United Stores pf__ 1 51 UnivLeaf Tob (12). 1 29 Univ Pic 1st pfd - 40; 1 UnivPlpe& Rad.__ 915 Univ Pipe & Rad pf 100- 1 UdHIPw&Lt(A) .. 51 65 43 2 32 10 3 2 3 145 2 13 1 5 2 2 6 2 8 111 28 11% Vanadium Corp . 26 11% Van Raalte (a25c)-. 34 Vick Chem (12)_ 2% Va-Car Chemical_ 1734 Va-Car Chem 6% vt 85 Va-CrCh 7% pf(7)_ 1 Wabash (d)__ 1% Wabash pf A (d)_ 4'x Waldorf Sys (b20c) 1% Walworth Co 2% Warner Bros Pic 14} Warner Bros Pic pf % Warner-Quinlan. 212 Warren Bros 74 Warren Bro: 20% Warren Fay&b (2)- 4 Webster Eisenlohr_ 30% Wesson O&S (150c) 72 Wesson O&S pf (4). 34 West Pa Elec (T)A_ 100s 36 West Pa Elec pf (6) 10s 397% West Pa Elec pf (7) 120s 95 West Pa Pwr pf (6) " % Westn DairyBvte_. 1 9% 5'3 Western Maryland.. 17 114 Western Pacific (d). 2% Western Pac pf (d). 20% Western Union_ 18 West'gh'se A B 60c_ 32% Westinghse El a50c 10 Weston Elec Inst__. 16% Westvaco Chi ‘40¢c) 14! Wheeling Steel.___. 67s White Motor._. 1315 White Rk M S(1.40) 1% White Sewing Mch_ 6 White Sew Mch pf_. 3% Wilson & Co (a25c). 58 Wilson & Co.pf (6)- 4 51 Woolworth (2.40)__ 11% Worthington Pump. 25'2 Worth Pumppf A__ 20 Worth Pump pf B % 3513 Wright Aero._____. 73% Wrigley W jr (13)_. 4% 2% Yellow Truck 35% 18 YoungSp& W (t1). 28% 13 YoungstownS&T.. 75% 38'% Youngst'wn S&T pf. 5% 1% Zenith Radio_. 4% 2% Zonite Produc Approximate Sales of Stocks on the N. Y. 11:00 A.M...... 490,000 12:00 Noon 19 6 14% 374 31 101% 128 457 64 60% FINANCIAL! 4 6 Th 15% 1% 34 265 46% 1% 6414 12 % 3% 21% 2% 10% 15% ™ 102% 102% 8% 8 494 % 11 10% 5% 93 4% -5 . ey -1% -2 ~1 = =% - %] 17% —1% 24 - % 36% 3l 224 9T 2 34 = + W 10s 1131 10s 119 3% Stock Exchange, 1,120,000 Dividend rates as given in the above table are the annual declaration: ORIt of trading less than 100 shares. a Pald last year. reorganized. x Ex dividend. | cash pumenu based on the Iatest quarterly or half-yearly + Annual rate— this year. b Paid d Companies reported in recelvership or being BONDS ON NEW YORK CURB MARKET 2322 PR ; TEsE oS Fog Dot 222558 W [Pty o e e 2 it e9ZanaSE oo 3823223533 SS2n SEEEER bR R % S OREER S SRR i 005353 S on e e o St g B o en T Y ag B > o ! & - weE 25! EERE FE) 2 2322anazi aesaanbang Segstien FEOERE R T FEF 8 = AEE Bl o & ooRas wasnoman b b 505! W e AR [ 9552 SER253R832 = £ (4 b3 Intern Sc Am 35 Int 1&S 3° Intersta Intersta LP 5 Iowa P&L 4ias Towa Pb Svc bs * Jersey C P&L 4%s C '81 ]O‘;z 1023 1n"-, Kans Pow 5s A Kentucky U 1s Kentucky U 5la Kentucky U 6% Kopper G&C Kresge bs 45 cf di high P 8 8s 203 ton Utll 5s mna 1.3]:!:! 6s Los & Ainitona Fow 51as Mass Gas B8 ‘55 2 2 {0 0 00 fune rCH £2 S18e 500 86 86 10 106% l(lfil' 99%, 99 97% 97 R& Ra Stand T 5las A 431 up of Ill 4'as '68 e P12 D! 963! 59 ' 59 108% 1052 1023% 102% 8 8% 8 ww. )mw. 1053 el i PT‘/ “7" 3% Piw 105 1:-4341:\-2/ 34 a4 05% 95% 95% 103% 103% 103% 108" 106 " 108 109% 109% 109% 105" 1047% 105 102Y, 102Y 102 4 85y, RBYA 59 105% 102% 85 l‘le'ofllhllny tCompanies reported DOLLAR GOES IN LONDON 86 xw. 0! 'lr!lnll, New a9sy u. - 993 993, 993 A 951 943 3 “-Z’i 1;:”: 14:1; 5y 5 95 67% B4 & 64 57 b5 B 00 20 ]"0, 1"0 100 105% 105 ‘1 5 1084 Juw. mw. issued. 5 ed by maturity. receivership. DOWN DEALINGS = %l =%} | Union, Public Service of New Jersey, AT WEEK'S CLOSE Public Utility Issues Sag. Others Join Decline in Final Hour. STOCK AVERAGES 80 8t 30 15 18 Indus. Rails. Util. Net change. —6 —8—14 ‘Today, close. 65.0 253 36.1 Prev. day... 656 26.1 375 Month ago.. 639 250 336 Year ago... 514 28.0 29.7 1935 high. 276 393 1935 low-. 185 21.6 1934 high. 43.0 406 1934 low.. 228 242 349 4 8.7 239 169 4691539 184.3157.7 . 516 953 618 618 (Compiled = the Associated Press.) *New 1935 high. 478 437 46.6 40.1 49.1 3438 514 BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, August 24.—Some of the recently strong industrials re- versed themselves in today's stock market under profit-taking pressure apparently induced by continued weakness of the utilities. ‘The power issues sagged from the start and other groups joined them in the final hour. The close was heavy. Transfers approximated 1,100,000 shares. With Congress on the home stretch and the financial sector somewhat confused and nervous regarding reper- cussions which may follow the passage of hotly contested bills, there seemed to be a disposition on the part of commission house customers to lighten commitments over the week end. ever, were far from bearish in their opinions of th long-term trend, al- though warning that corrective reac- tions were to be expected. Ootton was again on the losing side, with the 9-cent Govenment loan the principal motivator. Grains were list- less. Bonds were mixed. U. 8. Gov- ernment securities received s little support Foreign exchanges were steady, sterling recovering moderately. Shares down fractions to around 3 points included American Tele- phone, Consolidated Gas, Western Electric Power & Light, Columbia Gas, North American, United Gas Improvement, U. S. Steel, Case, Au- burn, General Motors, Chrysler, U. S. Industrial Alcohol, U. S. Smelting, Santa Fe, Union Pacific, United Air- craft and Montgomery Ward. The most active selling came just before the close, when the ticker tape dropped behind floor transactions. Further unloading of the power stocks reflected the belief of holders that the modified death sentence in the utility bill would harm many com- panies more than was at first anti- cipated. New York Cotton By the Associated Press. NEW YORK, August 24.—Cotton futures opened barely steady, 7 to 13 lower under Southern and for- eign selling and on disappointing Liverpool cables. October, 10.57; De- cember, 10.48; January, 10.47; March, 10.48; May, 10.50; July, 10.48, Business was only moderately active at the start, being restricted apparently by a disposition to await the outcome of the 12-cent loan proposal in the Senate or the effect of the 9-cent loan offer on the marketing policies of farmers in the South. Prices stiffened up a few points aiter the call on trade buyng and covering, but this demand was supplied by fur- ther liquidation, together with some far eastern selling and a little selling from the south. Pressure from these sources eased the market off again and at the end of the first half hour October was selling around 10.54 and May 10.47 or about 10 to 14 points net lower. Futures closed barely steady, lower. 2 Low. October 31 December January 21225 Spot, quiet; 10.85. Cottonseed Oil. Bleachable cottonseed ofl futures closed barely steady. September, 10.35; October, 10.20b; December, 10.00b; January, 10.00b; March, 10.05b. Sales, 19 contracts. B—Bid. middling. tations. 4_ (P —Cotton Spot in limited Quota- ST Liverpool @ LIVERPOOL. August 2.000 bales: American nil. demand; prices 3 points lower. tions in pence: American strict dling. 6. good ordinar: ®ood ordinary, 5. Futures closed quiet and stead: &t 60; Janusry. 5.50. 5.59; July. 5.56. L CHICAGO LIVE STOCK. CHICAGO, August 24 (P (United States Department of Agriculture) —Cattle, 1.- 300: calves, 300; compared Friday last week. strictly choice steers and yearlings 25 cents lower; =ood and cholce kinds. 50a75 cents off: lower grades. 25a50 cents down: all graces ruling uneveniy. ‘158100 under week's high time: closing market very dull et downturn: suddenly enla receipts good and choice steers on Wed: day broke all grades and upset other Kill classes. better grade light heifer and mixed yearling closing 25 cents lower, 'lm lower wrades 50 cents down: fat Senis off, butcher heifers shaving down. turn: fat' cows almost unsalable at close, but cutter cows sold actively all week. ad- yarcing early and closing steady: bulls. cents lower and vealers 25250 cents er; stockers and feeders finished about steady. ‘with outgoing movement _around Riirch 5sb 1007 vearling' stocker bo- .50, earlin er to BRiftTat Kinds: o 580" el ‘stocker and feeders, about 5.500 Western y stockers and she Sheep, 4.500: for week ending Priday, 19, fiOI\ dlrtctl compared Priday last week; hz Jambs. 35250 cents higher: vearlings. 0 cents week fambe, $.60° closing. top. paid spar- huly by most local nmreuu. week’s_bulk. : [0, strictly "cholce range lambe lable. rly; others rding fo. quality an Rfl-pnund clip 5. 260; 8 native ewes, 2.2 "'z":f:'xm olce 6 utsice for o fs o5 mcludmx X ady to 10 cents lower than Bz choice 250-280 outstand- pounds bu load averaging around llm the top; packin shippers took none and ldov U. S. TREASURY POSITION. By the Associated Press. Most market commentators, how-" BEERS! g By the Associated Press. LONDON, August 24.—The dollar depreciated 13-16 of a point on a quiet market today, closing at 4.97% to the 2% Miami Co) 9% Mid-Cont Pn 19% 8% Midland Steel Prod. 115 60% Midl'd Stl 1st pf(8). 111% 105 Minn Hon R pf (l). 5% 3% Minn Moline Pw. 57% 31 Minn Moline Pw M_ 16% 6% l“. 3 By the Associated Press. NEW YORK, August 24.—The vol- 5% 13% 00-3: G Q Wh ($2)_. 12% Crosley Rad (a25c). 23% Crown C&S (1) .. 3% Crown Zelleb’k vte. 14 On'lmbll Steel ... 1 ba Co - 40% Cnh.n»un Sug vt 40 Cudahy Pkg (2%).. 15 Curtis Publishing.. 89% Curtis Pub pf (7). 2 Curtiss Wright____. 6% Curtiss Wright (A) 28% 16 Cutler Hammer_ FEEOESENSE R 0 18% 16% 1 10s 112 112 112 80s 109 109 109 5% 6 5 -% =% £ sSesasaaiasey 1 SR 5SS §§§§-- 9 ] ugnns»—udw 2, SO = T 18% 18% 1 wm mm mm % 2% - % ” SK 'm % - % 5 28 -% August 934 _(com- o;a «9‘::25 lz:d ’&’m“ "mm' oy s’fl 73 98 Cistoins receipts for the il §s X this figure ,933 outstanding at the end and $515,604,714 at the end Mo Pacific (4! 1934. The council pointed Hi Mo Pacific nf (@) 55 Monsanto Chem(t1) ard. ggeene L £ g, o & SRS 23zses zms 5 of em¢ . auBeRoruanand BK "HM i