Evening Star Newspaper, August 27, 1935, Page 16

TA—16 #P FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., TUESDAY, AUGUST '27, 1935. FINANCIAL, |BAI[]|]RAW TRANSACTIONS ON THE NEW YORK STOCK EXCHANG E{CKS ARE WEAK - By private wire direct to The Stan - BIG ATTENDANCE Annual Session at White | Sulphur Springs to Be | Held in October. BY EDWARD C. STONE. Washington members of the Invest- ment Bankers' Association said today that the annual convention at White Sulphur Springs in October will have a larger atendance than the 1934 ses- sion at the same West Virginia resort and is likely to be the largest since ghe 1929 Wall Street crash. Advance information about the pro- gram indicates that less stress will be placed on forums this year and more eddresses by noted speakers will be gncluded in the general sessions. With corporate Jfinancing on the increase, many bond experts believe that this year's program will be of more value than the one carried out a vear ago, when 500 members and guests were present, or 48 per cent of the member- ship With the securities act now in more workable form that piece of legisla- tion will take secandary vlace as a topic of discuss dealers say. They emphasize, however, that the act re- mains highly important as a factor in all underwriting and distribution of securities, and because of this more than casual attention will be paid to its manner of operation. The matter of railroad credit, thor- bughly discussed at last year's meet- §ng, will again be considered. Al- though investmer®t bankers view some of the fundamental problems bulking §n the railroad picture as unchanged from a Yyear ago, considerable im- provement has been shown in many vespects and talk of a railroad bond #ssue is something within the bounds of reason. Public utilities and the outlook for public utility financing @re two subjects certain to be dealt with extensively at one or more ses- SloLs. Steps being taken to correct for- eign bond defaults will likewise be viewed. Government expenditures in the United States and their conse- quent effect on outstanding bonds of warious Government units probably will also be a live topic of discus slon. Attorney Paul V. Keyser of this ity is general counsel for the as- gociation, having held this positipn ‘for years. be Orrin G. Wood, succeeding Ralph . Crane. ‘: B. & O. July Net Lower. The Baltimore & Ohio Railroad re- ported today that net railway operat- ing income in July totaled $1.276,784, in comparison with $2,166.003 in the corresponding period last year, a de- grease of $898,219. Both freight and passenger revenues were lower, the detailed repart showed. Railway operating revenues amounted to $10,772,712, against $11,654,709 last year in July, 1934. Operating expenses were held down #o a figure only slightly higher than a gear ago, standing at $8,507,281, as rompared with $8,497,762, a difference pf $9,518. Usual deductions from net revenues were $6,703 more than a year 8g0. Net railway operating income for the first seven months of 1935 was mlso reported, $12,524,382 comparing fwith $13,741,861 in the same period ast year, a decrease of $1,217479. his was largely accounted for by a falling off in freight revenues. The B. & O. took in %69,003.070 for freight Bervice, against $70,376,127 last year, p drop of $1,373,057. Insurance: Agents Honored. Twenty-four agents in the Wash- Ington office of the New York Life Insurance Co. have qualified under club rules to attend educational meet- Ings to be held next month, Earl D. Krewson, agency director, announced | Roday. This is the best record yet made by the local branch. The agents $nclude Ralph Cipriano, Loren Clus- ter, Herman Friedman, Frank Jude, arl Krewson, Leo Lloyd, John Lynch, iss Alma McCrum, Walter Pangle, Chalmers Roland, David Samakow, E. F. Satterfield, R. C. Satterfield, arry Shalin, Sidney Simon, Lea Btabler, Warren Stone, .Meyer Taske, Charles Tuchton, George Thomaides, . 1. Walter, Edward Wolverton, Miss . M. Woods and Miss Ethel Youngs. The Federal Reserve Bank of Rich- jmond expects that Fall trade in the th district will be substantially bet- er than a year ago. Orders placed by Fetailers with wholesale firms and gnanu(actufln houses are the heaviest n recent yei The business stimu- Jation is largely credited to increased Andustrial pay rolls, added income for Farmers and heavy Government ex- Jpenditures. Clothing demand in the fifth district s said to be especially good. Bank clearings are higher all over the dis- trict. Cigarette production in Vir- ginia and North Carolina is setting new monthly records, the Richmond bank says. May Retain Pension Plans. 1t was reported in the financial dis- trict today that some of the banks which operate pension plans of their own are expecting to keep them in operation after new social security Jaw goes into effect. The banks, of course, will comply with the new law gnd make the payments and collec- tions required of all employers of eight persons or more. Continuance by individual banks of pensions which they have carried for several years would mean a great deal to those employes who have already rendered Jong and faithful service. It 1s too soon, however, to say just what will be done. Marion M. Caskie was sworn in sterday in his new position as an terstate Commerce commissioner. Today's Trading on Exchange. Small lot trading in Capital Transit Btock decreased today with six sepa- rate transactions being recorded. The stock opened at 1633, dropped to 16%; end closed with three 10-share sales at 16%, against a close of 16% yester- day. The final bid was 16%, with p6% asked. In the bond division Washington Railway & Electric 4s came out in a $1,000 sale at 105%, off % from yes- terday’s close. City & Suburban 5s appeared on the board in a $1,000 The next president will|, transfer at 92%, unchanged from the Jast sale. Holders of Pacific Gas & Electric ©Co. stock in this city have just re- ceived the latest financial statement showing net income for the first six months of this year summ a gain of $727,659 over the six months of 1934. Howard M. Michel of the First National Bank of Baltimore has been appointed associate executive council- man of the American Institute of Banking for the States of Maryland, Delaware and the District of Co- Jumbia. Imports into China are about 25 per sent below those of & year ago. Stock and Sales— Dividend Rate. Add 00. l:Gn. ‘Low. Close. 82 Abr & Strauss (1) 90s 115 110 Abr & Strauss pf(7) 10s 9% 4% Adams Express_... 33 88% 28 Adams Millis (3)__. 18% 415 Advance Rumley_ 8% 6% Affliated Pro (000). 149% 104% Air Reduction (13). 20% 15'% Alaska Jun (160¢).. 3% 113 Albany Wrap Paper 2% 3, Alleg Corp (d).._. 82 2% Alleg pf w$30w (d). T% 2 Alleg pf wi40w (d). 19% 6% Alleg pr pf (d) - ——ee 30% 21 Allegheny Stl (1) 165. 125 Allied Chem (8) ___ 127'5 122'% Allied Chem pf (7). % 73% 49 Allled Stores pf (6). 12 Allis Chalmers..... 14 Alpha Port Cmt (1). 214 Amal Leather.__.. 48'3 Amerada Corp (2).. 413 Am Ag Ch Del (. 13% Am Bank Note 43 Am Bk Note pf (3)- 21 Am Brk Shoe (1)__. 128% 119 Am Brk Shoe pf ('l). 108 146% 110 Am Can (14) = T 168 151% Am Can pf (7). 1 25% 10 AmCar& B‘o\nar,- 16 17% 8 AmChain.__. 9 9013 38 Am Chain pf_. 96 66 Am Chicle (13). ... 33% 22's Am Comcl Alcohol.. 1% 6% Am Crystal Sugar_. 72 AmCrysSistpfé. 120s % Am Encaustic (d)_. 2 2 Am& Forelgn Pwr. 89 12 Am& For Pw$6pf. 15 14 Am & For Pw $7 pf. 3% Am & For Pw 2d pf_ 8% Am Hawailan S8(1) 2% Am Hide & Leather. 17 AmHide& L pf__ 29% Am Home Pr (2.40) 2% Am Jce 22 AmIce pf 435 Am International . 1% Am La Fran pf (d)~ 9 Am Locomotive.... 32 Am Locomotive pf_. 1814 Am Mch & Fy (80c). 4% Am Mch & Metals__ 4'a Am Mch & Met vte.. 1815 Am Metal ____ 72 Am Metal pf (32)_- 24 AmNews (1%3)___. 1% Am Power & Light_ 8% Am Pw & Lt $5 pf__ 10% Am Pw & Lt $6 pf__ 10'; Am Radiator. ____. 15% Am Rolling Mills__. 4); Am Seating vtc 26% 20 Am Shipbldg (2) s 31% Am Smelt & Ref %103 AmS&R 6%pf $13% 63 Am Snuft (13) - 12 Am Steel Foundry.. 3315 Am Stores (12) 51% Am Sugar (2) 1815 Am Sumat Tob (11). 9874 Am Tel & Tel (9)_—. 72'%; Am Tobacco (5) ... 74% Am Tobacco B (5).. 15 9 Am Type F pt (d).. 140s 7' Am Water Works__ 114 473 Am Woolen __ 12 35% Am Woolen pf-_. 15 5 Am Writ Pap (d). 3 Am Zinc & Lead- 31 Am Zinc & Lead pf. 8 Anaconda Copper. 1215 Anchor Cap (60c 3's Andes Copper- 36 Archer Dan M (1) 3% Armour of Illinois_. 5515 Arm'r(I1)pr pt (6)_ 16% Armstrong Cork 50¢ 4 Arnold Constable. . 3% Artloom Corp._ 6 508 3 18% 25% 12! ). 35% Atch To&S Fe (a2). 66% Atch To&S F pf(5)- 19%; Atlantic Coast Line. 3 AtlGulf&W Ind___. 21% Atlantic Ref (1)-... : 32% Atlas Powder (2)... 15 Auburn Auto._. 5'2 Austin Nichols 2% Aviation ConuD.l) —_—— 6% 1'; Baldwin Loco (d)_- 26% 7% Baldwin Loco pf (d) 17% 7% Baltimore & Ohfo__. 223, 9l Baltimore & Oh pf__ 109'; 100% Bamberger pf (632) 49'2 36's Bang & Aroos (2%3). 612 3% Barker Brothers___. 61 32 Barker Brothers pf. 10% 5% Barnsdall Corp _ 513 37'3 Bayuk Clgar (11) 115 107% Bayuk C 1st pf (7).. 19 14’ Beatrice Cre (a50c). 108'5 10013 Beatrice Cre pf (7)- 92 72 Beech-Nut P (13)__. 13% 11% Belding-Hem (a0c). 197y 117 Bendix Aviation.__.. 15! Beneficial Lo (1%). 34 Best&Co(2)__ 21% Bethiehem Steel 55% Beth Steel pf(al% 4 14% Bigelow-San Corp.. 160s 9% Blaw-Knox S 103% Bloomingdale pf(7) 30s 28% Blumenthalpf____. 10s 65 Boeing Airplan 183 3945 Bohn Alum &Br (3) 5 90 Bon Ami (A) (14)_. 110s 42 Bon Ami (B) (12)-- 120s 21 Borden Co (1.60)-.. 281 Borg Warner (1%). 3% Boston & M; 814 Bridgep't Bra 2415 Briggs Mfg (2) 23!y Briggs & Strat (3).. 30% Bristol-Myers (12). 361 Bklyn-Man Tt (3) - 1% Bklyn & Queens 14 Bkilyn& Qpf (2 43 Bklyn Union Gas(5) 53 Brown Shoe (3) .- 3% Brunswick-Balke. 4% Bucyrus Erle 83 Bucyrus Erie cv pl 3% Budd(E G)MIg - 23 Budd(E G)Mfg pf-- 215 Budd Wheel o ceeee 8% Bullard Co. - cmmee 3% Bulova Watch. ... % Burns Bros(A) (d)-. 3 Burns Bropf (d) . 108 110% 6 15% 1104 189 18 13% 164 19% 5 18% 2 49% 210 394 100% 204 13% 16% Bush Terminal (d). 5% Bush Term deb (d). 10 Bush Term B pf cod 20! 1% Butte Copper&Zine. 11% Byers (A M) 30% California Pkg(1%) 1 Callahan Zinc. .- 214 Calumet & Hecla._. 714 Campbell-Wy a40e... 8% Can Dry G A (40¢)-. 9% Canadian Pacific__ 4% Capital Admin (A). 32 Cap Adm pf A (3).. 45% Case (JI)Co. . ——en 8315 Case (J I) pf (4)__- 36% Caterpillar Tr (t1)- 19% Celanese Corp.. 1% Celotex Co (d) - —wuw 11% Celotex Co pf (d)_—. 22% Cent Aguire (1%) . 34 Central RROfNJ. 6% Century Rib Mills__ 38% Cerro de Pasco (). 3% Certain-teed Prod... 23 Certain-teed Pr pi 3714 Ches & Ohio (2.80) 36 Chesapeake Corp(3) 1 Chi&EastIll (d)__. 7 Chi & East 111 pf (d) 1% Chi & Grt W pf (d). 15% Chi Mail Order (t1). % Chi Mil StP&P (d)_ % Chi M StP&P pt (d) 1%Chi&N W (@) .cuaa 3% Chi & N W pt (d). 4% Chi Pneumatic Tool. 20 Chi Pneu Tool pf. % Chi R 1&Pac (d 1% Chi R 1&P 6% of 1% Chi R I&P 1% pf(d) 25% Chickasha C O (2)-. 3% ChildS CO_ - 31 Chrysler Corp (t1). 16 City Ice & Fuel (2). 3% City Stores. 124 Clark Equip (806) _ 27% Clev Graph Br (t1). 20 Cluett Peabody (1) 15% Colgate-P-P (50¢) .. 9 Collins & Afkman.. 69% Collins & Atk pf (7) % Colo Fuel & Ir (@) _. 5 ColoF&1pfd) . 7 Colo & Sou 1st pf-... 3% Col Gas & Elec. ... 85% ColG& Epf A (). 31 ColG&EDL (5)-—— 34% Colum Plo vte (11). 67 Colum Carbon (4).. 39% Comel Credit (2) ... 72 56% Comel Inv Tr(12.80) 102% 97% Comcl In T pf(4% ). 115% 111 Comcl 1 T cv pf (6). 23% 17% Comel Solv (160c)... 2% % Coiw & Squthern.. 42% 1% 5% 22% 16% 13% 127% 45% 3% 112 55% 35% A% 33% 29 62%% 12% 63% 65% 49% 4% - - TP TRT 3 -1 PPV 3 2 - =T .... K = :guseuigi‘.ezs_..fl. 38 s 3 16115 127 6 0% 63 34% 128% 5 187 169% 20% 16l 90 90% 24% 13% 3% 1% 5% 26% 30 10% 105 4% 19 12% 108 108's 605 60y Y 162% — % 127 + % 6% — % Zfi% -1 -1 u» 128% + h 137 -2% 169% — W 20% —1% 164 + % FESFEFrE 23 —1% 115 +1 29% 6 - & 26% —3% 38 —-2% 1% - % 23% —1% 11— % 24 -5 44% —1% 1081 +1% 2% + % 18% —14 36% — W 53% —1% 24% ~ 1% 6% 23% — % 4y -2 33 —1n U—-% h=h 2% 21 154% 99% 1 1113 113 118 + 19% 18% 19 1% -, Prev. Nev. lllh. Low. Cnge. 81% 49 10% 82 T 22% 34% 1938 mmonlm 29% Comw & Sou pf (3)_ 27 Congoleum-N(1.60) 23% Conn Ry&Lt (43).. 7 Consol Clgar....... 71 ConCprpfwwéi. 3% Consol Film 2 14% Cons Film Df(tl%) 15% Consol Gas N ¥ (1). 72% Consol Gas pt (5).. 1% Consol Laundries... 6% Consol Ol —ccceue % Consol Textile...... 8% Container Corp (A). 274 Container Corp (B). 4% Contl Baking (A)... % Contl Baking (B)... 62% Contl Can (2.40) 7 Contl Dia F (a80c)_ 28% Contl Insur (11.20). % Contl MOtOrS.. ... 15% Contl O Del(a37%¢) 41% Corn Ex Bk&TTr (3). 62 Corn Prod Ref (3)—. 4% Coty Ine.o - e 35% Cream of Wh (13)_. 123 Crosley Rad (use). 23% Crown C&S (1 315 Crown Zelleb'k Vie. 5% Cuban-Am SUgar.. 401 Cuban-Am Sug pf-. 40 Cudahy Pkg (2%).. 15 Curtis Publishing.. 89% Curtis Pub pf (7). 2 Curtiss Wright.__. 6% Curtiss Wright (A). 16 Cutler Hammer____ 23'5 Delaware & Hudson 11 Del Lack & West_. 65 Detroit Edison 2 Det & Mackinac. 35% Devoe & R (11) 120% 11413 Devoe & R 1st pf(7) 40% 26% Diamond Mtch 11%. 3414 Dome Mines (12) 6% Dominion Stos 17% Douglas Air (a75¢ 13% Dresser Mfg A b1%. 6% Dresser Mfg B % Duluth SS& Atl.. 2 Dunhil Internatl... 12% Duplan Silk (1) 86% Du Pont (13 3%, Eastern Roll Mills_.. 152 110% Eastman Kod (15).. 24% % 29 16% Earon Mfg (1) 3% Eitington-Schild... 19% Electric Auto Lite_. 112 107 Elec Auto L pf (7). 8% 8% T 28 32 491, 3% Electric Boat.caee 5% Elec & Mus Ind..... 213 Elec Pw & Lt $6 pt- 3 Elec Pw & Lt $7 pf. 39 Elec Stor Bat (2%). 132 125% Endicott-Joh pf(7). T 41 41% 10 100 44 20% 1249 146 119 116 Gen Mil 1% Engineers Pub Sve. 14 Eng Pub Sve $6 pf_. 14% Eng P 8 $5.50 pf ww 15% Eng Pub Sve $6 pf_. 4% Equip Office Bldg.-.. Ta ErfeRR. 4 Fairbanks Copf___. 17 Fairbanks Morse... 48 Fed Lt & Tr pf (').. 3% Fed Motor T (al0c). s Fed Water Sve (A). 16!y Fed’'d D Strs (160c). (11.20). 13 Firesto 45% First 2% Follansbee Brosi(d). 20% Food Machine (1).. 9% Foster-Wheeler___. 60% Foster-Wheeler pf 19% Four Nat Iww al.10 8% Fox Film (A) - 30% Frank Sim pf tl%_. 17% Freeport-Texas (1). 7 Gamewell Co-_. 5'; Gen Am Investors__ 84% Gen Am I pf ww(6). 32% Gen Am Trans(1%) 11% Gen Asphalt ____. T% Gen Baking (60¢) . 115 Gen Baking pf (8) 50 Gen Cigar (14 2115 Gen Electric (6 32% Gen Foods (1.30) ... % Gen Gas & El (A) . 59% Gen Mills (3) __ pL(6) . 26% Gen Motors (12) . 3 Gen OQutdoor Adv._.. 10 Gen Qutdoors Adv A 17% Gen Print Ink(1.60) 1% Gen Public Service_ 15% Gen Ry Signal (1).. 80 Gen Ry Sig pf (6).. % Gen Realty & U 16% Gen Refracto! 14 Gen Stl Casting pf . 12 Gillett Saf Ras (1). 70'; Gillett Saf R pf (). 2'» Gimbel Bros. . coo. 18 Gimbel Brospf . 23% Glidden Co (t1).._ 1095 104% Glidden Co pr pf (7) 4% 18 1% Gobel (Adolf) (d)_. 14% Gold Dust (1.20) .. 120 111% Gold Dust pf (6) .. 11% 55 26% 92 81% 15% 11 42 20% 17% 7'2 Goodrich (BF) ._... 40 Goodrich (BF) pf_. 15% Goodyear T&R ... 70 Goodyear $7 pf (4)— 21; Gotham Silk Hose.. 20 Gotham Silk H pf__. 1% Graham-Paige ... 5% Granby Consol .o 2% Grand Union 184 Granite City Stl (1). 26 Grant (WT) (t1).. 9% Grt Northern pf. 9% Grt North Ore ( Hack Wpf A (1%)- Hall W F Printin Hamilton Watch ptf. Hanna (M A)pf(7). Harbison Walk (1). 5% Hat Corp of Amer__ 1% Hayes Bod Mot (60c). Pw (13) . 85% 128 122 Hercules Pw pf (7). 73% Hershey Choe (3) ... 5% Holland Furnace - 6% Holland & Son (506) 421 338 Homestake (112) . 80% Houd-Hersh (2%) A 6% Houdaille-! 9% Houston Oil.... 1% Houston Oil (new). 43 Howe Sound (3) .. 2% Hudson & Manhat_. 6% Hudson & Man pf__. 6% Hudson Motor Car.. % Hupp Motors.......... 9% Illinois Central. ... 40 11l Cent 1se lines(4). 46% Inland Steel (2).--. 23 Inspiration Copper- 4 Insur ShMd cfs 15e. 8% Interboro R T (d).. 1% Intercontl Rubber... 4% Interlake Iron. ... R'h Int Agricultural ... Int 1 pr pf Agricul m‘A ICN Int Bus Mach (16) .. T% 3% Int Car'rs Ltd (l.l) 22% Int Cement 34% Intl Harvester (3 ) 1% Int Hydro Elec (A). Marin Nes. Prev, 1935 JMM.M mau.m High. Low. 24 9 008 41%-‘% 86% — % 43 ~-% 8 —% 67% — % 4% — % 37% 13% — % BH — % 5+ % 24% —1% 804 +1% 1% % 6% — W 69% + % 40% —1% 18 — % 104% 104% — % 2% 2% 8 W 26% —1% 6% — % 36% —2% B 34U —2% 15 -1 3% — % 94 -1 3% 37 -1 118 —2% 87% + W 8% ~ 8 8 30% —~1% 21 -1 10 -1 % + % 3% 15 -24% 177 -3 6% — % 46 -3 “ 32% -2 6 26% —1% HOK - -% G‘h 5~ % 17% -1% 20 -2u 465 — % 128% + % 46~ % 31% —1% 26% —1% 8% - % 9 99 42 384 —1' 18 ~1% 114 = 142 + % - % 5 — % 10% ~2 44 8% 56 — % 304 —11 344 % —% 68 — 118% — % 24 -1% 3 11% -1 35% —1% 3 =% 32 -1 -1's 1% — % 23% - W 3B —H% 17% 874 41 4% — % AT% - % 31 —1 34 41 5% 208 94% 94% 9% 90s 106% 106% 106 + % 10 24 23 23 — 4 11 10% 11 13 4% 3% 3% — % 3 108% 108 108% +2% 31 24% 21% 21% —2% 16 86 84% 856 +1% 40s 127 126 126 2 8% T8% T8% +1 - ShunSanla 18% -1% 54 —1% 29% + % 92% -2 86% ~3 4%~ % 6% — l;% —-1% 85832 8p o8 oB2unuy s23 %53eagvy §8.e08p ¥ 7 E.. .:E....i"........h:n:.....,::e.a_s:..:e: H 8% 13% 16% 32% 122 lS'Ih ll 4% 4% 1% 2% Ilh lll% 1% 2% AT% 24% 124'% 46 130 3 00 43 190 4% 24% 53% 9% 21% 44% 2% 144 21% 813 815 22 125 1T% 82% 104 1T% 28% 44% 21 1% 35% 12% 1180 9 49 3% 56% 1% 11% 11% 4% lfifi Stock and 3% Kans City Southn. . 6% Kans City South pf. 7% Kaufmann D 8(80c) IW Ksyur(l)&ca a%0c. isey-Hayes (A).. sey-Hayes (B).. vinator (150¢) .. dall Co pf (16).. 13% Kennecott C (60c) ... 28 Kinney (G R) Co pf. 2 Kresge Dept Strs__. 19% Kresge (8 8) (1) ress (S H) (11)__. 22% Kroger G&B (1.60) . 12 LacledeGasStL... 19% Laclede Gas pf..... 224 Lambert Co (3) 5 Lehigh Valley R R 6734 Lehman C (12.40) __ 10% Lehn & Fink (13%)_. 6% Libby McNelll & L. 2115 Lib-O-Ford G1(1.20) 21 Life Saver (1. to)._. 94% Ligg & Myers (1 93% Ligg & Myers (N)B 161% Ligg & Myers pf (7) 16% Lily Tulip Cup(1%) 17% Link Belt (80c) .. 2415 Liquid Carb (1) 31% Loew’s Inc (2).. 1 LoftInc 1% Long Bell Lum (A). 33 Loose-Wiles (2) .. 18% Lorillard P (+1.20). 124 Lorillard P pt (7) % La Oll Ref (d) .. 10% Louisv G&EDfA 1%. 34 Louis&Nash(a2%). 12% Ludlum Steel 90% Ludium Stl pf (6%) 40 McAndrews&F(12). 113 McAnd & F pf (8)._.. 28 McCall Corp (2) . T% McCrory Stores (d). 6% McCrory Strs B (d). 57% McCrory pf (d) . T4% McGraw Hill Pub 36% Meclntyre Porcu (2) 9015 McKeesport T P (4) 5% McKesson & Rob___ 32 McKesson & Rob pf. 8% McLellan Store 18% Mack Truck (1) 30% Macy (R H)& Co(2) 5% Mad'n Sq Garalbe_. 18% Magma Copper (2) .. 13% Man El md gtd (d) . 10 Manhat Shirt (60c). 1 Maracaibo Oil Exp.. 6% Marine Midld (40c). % Market St Ry____ 3% Market St Ry pr pi 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(1%) 35% May Dept Str (1.60) 5% Maytag Co_. 33 Maytag ww 321; Maytag xw (33%)_. 8413 Maytag 1st pf (6)__ 41 Melville Shoe (234). 3 Mengel Co. 20% Mengel Co p! 24% Mesta Machine (2). 213 Miami Copper____. 915 Mid-Cont Pet(al5c) P, Minn Moline Pw pf_ 14 MStP&SSMlisin. 10% Mission Corp - Mo Pacific (d) ... 113 Mo Paeific f (4) __. 55 Monsanto Chem(t1) 21% Montgomery Ward. % Mother Lode. 17% Motor Products |l) T'» Motor Wheel (80c) 3 9% Mullins Mfg (B) ... 4% Murray Corp . .. 30 Myers (FE) & B (2) 11 Nash Motors (1) 44 Nat Acme Co. 6% Nat Aviation e 22% Nat Biscuit (1.60).. 131 Nat Cash Rg A(50¢) 12% Nat Dairy Pr (1.20) Dept Stores (d) Dept Strs pf(d) Distillers (2).. En & Stpg u)_. 4% Newport Industries 1815 N Y Airbrake__ 12% N Y Central RR Investors (d) - N H & Hartford N H & Hartf pt Ontario & West R Shipbuilding _. 'lo N Y Shipbldg pf(7). 69 N Y Steam pf (6)__. 79 N Y Steam 1st (7)_. 30% Noranda Mines (2)._ 158 Norfolk & W (18) _ 2 North Am Aviation. 9 North AmCo (1) __ 36% North Am Co pf (3) 57 North Am Ed pf (6) 13% Northern Pacific _. 357% Northwest Tel (3)_. 1% Norwalk Tire&Rub_ 9% Ohio Of! (a18¢) . 16% Oliv Farm Eq(new) 315 Omnibus Corp ___. 4% Oppenheim Collins ¢ 11% Otis Elevator (60c) 106 Otis Elev pf (6) 4% Otis Steel ____ 22% Otis Steel pr pf. 80 Owens-II1 GIIII(I) 14 Pac-Amer Fisheries 13% PacificG& E (1%). 19 Pacific Ltg (2.40) 12 Pacific Mills _ 6% Pac Wn Oil (b40c! 81 Packard Motors 13 Panhandle Pro 6412 Penick & Ford (3)... 57% Penney J C (2) ———ee 2% Penn Coal & Coke._.. 3 Penn Dixie Cement.. 18 Penn Dixie CpfA_— 17% Penn RR (1) __ 30 PeoplesDS (11).. 110% Peoples D 8 vl(‘%) 21 23 Phila Co 6% pf (3)- 1% Phila & Read C&I_.. 85% Philip Morris (1)... 18% Phillips Petrol (1) 3 Phoenix Hosiery . 50 Phoenix H pf (3%)- 3% Plerce Oil 2% Pierce Oil pf_. % Pierce Petroleum__. 31 Pillsbury F1 (1.60) - 7 PittsCoal —__ _ __ 172 Pitts FW&C pf (1) 5% Pitts Screw & Bolt... 221 Pitts Steel pf ... 1% Pitts United Corp... 24% Pitts United C pf... 6 Pitts& W Va . 6% Plymouth Oil 6% Poor & Co (B) ... 1% Porto R Am Tob(A) 11 o mruu-dsucwm) 53% 120% 45 111% 52% 42% Proc & Gambl (1%) 1156 Proc & Gam pf (5).. 20% Pub Sve N J (2.40)_ Pub Sve N J pf (6). Pullman 186 (3)eee Dividend Rate. mm;’.m - T R PSPt - S 5 g 5 LI ¥ 11% 15% 19% 20% 17% 11 mmcu- 6% 6% — % 1% - % 154 — % 19% — % 19% - % 1T% — % 10% — % 88 22% —ll\- FEEELT FEESF 10 — 8% + W 3% T% — % 2% + W 12% — % 51% 6 521 51% 20s 116% 116% 116!‘ Va 18 31 41% 40 2110 uo l'lfl —l% 41% — % 8% — % % -1 2 - % Prev, 1038 High. 72 108% 101 1315 14% 4Tl 9% 19% XSO 9'4 11% 25% 27y 1% 38% 116 28 5015 20 677 1% 13% 10% 4% 5% 121 24 3 12 5% 19% % Stock and Low. Dividend Rate. Adfl 00. High. 69 Remington-Rpf (6) 4 22% Remington-R pr pf. 28% Republic Steel pf... 28 Republic Stl pf cod. 75 RevereC & Bpf. 17% Reynolds Metals Reynolds M of (5% 12% Reynolds Sp (t40c) 55% Reynolds Tob (3) . 43% Reynolds Tob B (3) 34 4015 39 ) 1108 109% 108 208 112% 112% 22% 20% 1% St L-San Fran (d)_. 1 St L-San Frpf (d). AlrL (d)_ 20% Seab’d O Del (+60c) 31 Sears Roeb'k(a7bc) 40 Sec Nat Inv pf xzn. 3% Sharp & Dohme . __. 43 Sharp&Dopf (3%)_ T% Shattuck(F G) (25¢) 55 Shell Union Ofl.___. 63% Shell Union Ofl pf__ 8% Silver King C(40c). 6 Simmons Co. 5 Simms Pet (ai0c). 6% Skelly Ofl____. - 60 Skelly Oil pf ww___ 18 Sloss-Sheffield ... 24 Sloss-ShefMeld pf__. 15% Snider Packing_ ... 11 Secony-Vac (30c) .. 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific..... 5% Southern Railway.. 7 Southern Rwy pf__. 15 So Ry M&O ctfs (4) 591 Spang Chalf pf $335 31y Sparks-Withington. 32 Spencer Kell (1.60). T'% Sperry vtc (a2be) - 813 Spicer Mfg__ . 33% Spicer Mfg pf (3) 437» Splegel-May-Stern. 13% Stand Brands (80¢). 120% Stand Brands pf(7). 23 Stand Com Tobacco. 1'% Stand Gas & Elec... 1% Stand G & E $4 pf. 4% Stand G & E $6 pf. 6 Stand G & E 37 pf. 7 Stand Inv Corp 27% Stand Ofl of Cal 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 35% Stand Ol NJ (11). 123, Starrett (L S) (1) . 58% Sterling Prod (3.80) 114 Sterling Secur (A) . 6% Stewart-Warner__ 2'3 Stone & Webster__. 2% Studebaker Corp... 6013 Sun Ofl (1) 115'% Sun Oil pt (6) 11 Superheater (50c)_. 1% Superior Oil 5 Superior Steel 3% Sweets Co of 14% Swift & Co (150e) % Symington (d) _ 1% Symington (A)(d 6% Telautograph (60c) 4 Tennessee Corp. 164 Texas Corp (1) 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Oil. 813 Tex Pac Land Trust 14 Texas&PacRR_ 13% Thatcher (1) 50 Thatcher M pf(; 5% The Fair___. 2% Thermoid Co.. 16 Third Nat In (a%6€) 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil_. 84 Tide Wat A O pf(6) 26% Tide Wat O (a5c)- 4% Timken-Detroit 28% Timken R B (11) .. 47 Transamerica(30¢). T\ Trans & Westn Air. 5's Transue&Williams. 174 Tri-Contl Corp._—_. 6" Tri-Contl Cor pf(6). » Truax-Tra Coal :i', Truscon Steel 213 Twin City R T.. 18 Twin City R T pf. 1% Ulen & Co__ £ 53% Und-Ell-Fisher {2). 29 Union Bag&Pap (2) 44 Un Carb & C (1.60)_ 14% Un Oil of Cal (1) 8213 Un Pacific (6) - 7913 Un Pacific pf (4)- 207 Un Tank Car (1.2 9% United Aircraft 413 United Air Line vte 7 United Am Bosch_. 20% United Bisc (1.60) .. 46 United Carbon 2.40 113 United Corp-_. 20% United Corp pf 8% United Drug-_. 413 United Dyewood._. 65 United Dyew pf ( 31 United Elee Coal .. 65 United Fruit (3).._ 9% United Gas Imp (1) 5 U S Distributing pf. 4'3 U S & For'n Secur... 11 U S Freight (1)____ 40% U S Gypsum (t1) 5 US Hoftman___ 35% U S Ind Alcobol (2). 34 U'S Leather vte___ 7' U S Leather A vte_. 14% U S Pipe & F (50c) . 19% U S P&F 1st pf 1.20. 3 USRealty & Imp_—. 913 U S Rubbe! 24% U S Rubber 1st pf__ 95 USSmelt& R (af). 271 U S Steel____. = 73% U S Steel pf (2) 165 149% U S Tobacco pf (7) T 65 66% 2% 19% 4% 313 United Stores (A).-. 46 United Stores pf___. 51 Univ Leaf Tob (t2). 1 UnivPipe& Rad.__ 9% Univ Pipe & Rad pf. 1 UtlPw&Lt(A) .. 37 ——— 1% % Vadsco Sales Corp.. 11% Vanadium Corp.-. 11% Van Raalte (l25¢)—- 2% Va-Car Chemical__. 171 Va-Car Chem 6% ot 85 Va-CrCh7% pf(7)- 72} Va El & Pw pf (6) - 1% Wabash pf A (d)._. 4'%% Waldorf Sys (b20c) 26% Walgreen Co (1.40). 1% Walworth Co... 5 Ward Baking (A).-.. 1% Ward Baking (B)__. 281 Ward Baking pf (2) 2% Warner Bros Pic... 141 Warner Bros Pic pf. 2% Warren Bros...._ - 7% Warren Broscv pf_. 20% Warren Fdy&P (2). 4 Webster Eisenlohr... 18 6 36 West Pa Elec pf (6) 39% West Pa Eleo pf (7) 3% Westn Dairy B vte.. Maryland.. 1% Wi 2% Western Pac pf (d). 20% Western Union__—. 18 West'gh'se A B 50c. 32% Westinghse El a50c. 10 Weston Elec Inst._. ; 16% Westvaco Chi ‘40¢). 66% 51 18 Wheel & Lake Erie_. 14% Wheeling Steel..._. €% White Motor' . 1% White Sewing Mch. 6 White Sew Mch pf_. 1 Wilcox Oil & Gas__. 3% Wilson & Co (azbc). 58 Wilson & Co pf (6)- Woolworth (2.40).. 11% W Pump. 46% 26% Worth Pump pf A 25% 4% 73 35% 28% T5% 5% % 20 Worth Pump pf B.. 35% Wright Aero.__. 17% Yale & Towne (60¢) 2% Yellow S 31% Yellow Truck pf... 12 ;ouul Sp& W (t;). 1 38% x'.’,"""‘"'....m S&T vt 1% Zenith Radio.. 2% Zonite Product 21% 108 % mun-cnn 73 41 2 -% 3 18% —1% 69% —3% 8% + % 92% — % 21% 21% 601 54 114 274 N "39% —1% 108 =% 112% — % 120% —I% T Approximate Sales of Stocks on the N, Y. Stock Exchange. Total sales for the day, 2,130,000 P AT SESSION'S END Losses of Fractions to About Three Points Regis- tered—Ticker Behind. ‘- STOCK AVERAGES T30 15 15 a0 Indus. Rails. Util. Stks. Net change.—1.4 15—1.3 Today, close. 64.4 35.0 471 - 658 365 484 - 640 337 468 - 505 20.0 39.2 658 39.3 49.1 495 216 3438 247 25.6. 254 26.8 276 18.5 - 614 406 514 - 453 228 242 349 - 175 87 239 169 -146.9 153.9 184.3 157.7 1927 low.... 51.6 953 618 618 (Compiled by the Associated Press.) 430 BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, August 27.—Prices of leading stocks toppled today under a deluge of selling orders that put the ticker tape several minutes behind. Losses ranged from fractions to around 3 points. The downturn was attributed largely to profit taking. induced by technical factors. The close was weak. Transfers approxi- mated 2,300,000 shares. Brokers claimed to be little sur- prised at the reversal, in view of the fact that the list had been advancing for a relatively long time with only minor corrections. A steady to firm undertone was present in the early proceedings, but sagging utilities soon brought unsettlement. A number of issues received support in the last half hour and shaded their declines. Although the adjournment of Con- gress created little stir, marketwise, some traders were said to have un- loaded their holdings because of con- fusion as to the effects of the flood of legislation rushed through near the finish. Trade and industry were still being watched closely, as was the Italo-Ethiopian controversy. Wheat and corn were not excep- tionally heavy, in view of the action of equities. Cotton was a bit better than steady pending further clarifi- cation of the 10-cent loan agree- ment. Bonds pointed downward, led by U. S. Governments. Foreign ex- changes were calm. » Among the more active share losers were American Can, American Tele. phone, U. S. Steel, Allied Chemical, Bethlehem, General Motors, Chrysler, Auburn, Kennecott, Anaconda, Mont- gomery Ward, Sears-Roebuck; Case Johns-Manville, Consolidated Gas, North American, Western Union, Westinghouse, American Water Works, Columbia Gas, Santa Fe, New York Central, Delaware & Hudson 4 and Great Northern. Resistance was shown by Du Pont and a few others. ks, . - New York Cotton By the Associated Press. NEW YORK, August 27.—Early ad- vances of 8 or 10 points were followed | by reactions in cotton today. ‘There was some buying early in re. sponse to steady cables, but business ‘was comparatively quiet. December sold off from 1047 tc 10.36 and was holding around 10.43 ir the midafternoon market, which wa: about 1 to 6 points net higher. Putures closed very steady. 13-10 higher “ ; middling. 11.05. Cottonseed Oil. Bleachable cottonseed oil future: 5 closed barely steady. September 10.15b; October, 10.12b; December 9.93; January, 9.90b; March, 9.99 | Sales, 64 contracts, including 1! | switches. b—Bid, Liverpool Quotations. _August 27 (®.—Cotton including ~700 American demand: prices 3 point in_pence: Americar 684 tood middling 3 ddling. 6.34 strd [ low middling 5.99. strict good ordinary. 5.79; good ord!: nary. “5.49. " Fu Cosed - quier Cane steady. 5.6 December. 5.58 January. 5.58; March. 5.59: May, 559 July. 5.56. By the Associated Press 4 CHICAGO, August — Wheat prices fluctuated nervously, dipping lower at the close today as trader: LIVERPOOL. 10.000 Dbales. Spot in fair . |in an unsettled market shifted atten- tion from congressional developments to uncertainties adsociated with the Canadian wheat marketing policy. Trading was dull and featureless Adjournment of Congress without pas- sage of the commodity exchange reg ulation bill had little or no effect. ‘Wheat closed 3-% cent below the previous finish, December, 8973-90, and corn was unchanged to 1% off, December 56%-l2, with September liguidation leading the downturn. Oats were unchanged to Y off, rye 14-% down and barley unchanged te 1, up. Lard held steady to 25 points lower. 18.50 18.70 Cash wheat—No. 2 hard, 1.04%s 1.05% ; No. 3 mixed, tough, 90a91; No 3 red, tough, §9%; No. 3 mixed, 98. Corn—No. 2 mixed, 79; No. 2 yellow, 79%; No. 4 white, 76. Oats—No. 3 white, tough, 27%a29; No. 2 white, 31. Rye—No. 4, 443 No buckwheat; no soybeans. Barley, nominal; feed, 34a45; malt. ing, 42a63. Timothy seed, per hundredweight, 2.75; clover seed, per hundredweight 10.25216.00. Liverpool Grain Prices. LIVERPOOL. “August 27 (.—Whes futures closed steady. Previow close g, : 80 Anx i 31 80% < sa'én 97 mkWWAvw* Wi ‘ u-n 82%: Ausust,