Evening Star Newspaper, August 29, 1935, Page 18

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TH‘URSD'AY, AUGUST ‘29, 1935. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Nes. Prev. 1035 Dividend Rate. Add 00. High. Low! Close. Chge. E 104% 104% — % "A—18 D.C. UTIITIESFILE FINANCIAL. STOCKS END DAY koK Prev. 1935 High. Low. mnavnu u.n. Add 00. 39% 17% Motor Products (3). Stock and Dividend Rate. Adfl 00. High. ac (30c) 11% Prev. 1035 High. Low. 9% By private wire direct to The Star. Stocl d Sales— Dividend Rate. . Add 00. High. 16 REPORTS FOR JULY Transit Net Up Sharply, Washington Gas Total Below Year Ago. BY EDWARD C. STONE. Capital Transit, Washington Gas and Georgetown Gas Light Cos. filed their July financial statements with the Public Utilities Commission today. Net income of the Capital Transit Co. in July totaled $79,218.33, against $58,232.82 in the same month last year, an increase of $20,985.51, or 36 per cent. The transit company reported oper- ating revenues of $780,273.18, com- pared with $674,714.66, a substantial gain over last year of $105,558.51, or 15.6 per cent. Operating expenses called for $555,353.60, in comparison | with $478.653, an increase of $76,- 700.60, which makes a slightly higher percentage gain increase in expenses than in operating revenues. Taxes this year amounted to $51,- 200.23, against $45,545.07 in July, 1934, while $51,653.71 was deducted for de- preciation this year against $49.211.58, leaving total operating expenses, taxes and depreciation standing at $658,- 207.54, compared with $573.409.65 last year, an increase of $84,797.89, or 14.8 per cent. ; This left an operating income in July amounting to $122,065.64, against $101,305.02, an increase over July, 1934, of $20.760.62, or 20.5 per cent. Non- operating income reached the sum of $10,909.96, and deductions from gross | for interest, ~tc.. took $53,757.27, and | leaving the above stated net return of nearly $21,000. Passenger Traffic Mounts. That people in Washington are still “street car minded” is shown by the | July figures on passenger traffic. The Capital Transit lines carried 12,525,~ 996 revenue pasengers against 10,- 221,058 in the same month a year ago, | an increase of 2,304,938, or 22.6 per | cent. In Capital Transit's report for the | first seven months of this year total operating revenues were placed at| $5,401,609.67 against $4,859,853 81, an | increase of $541,755.86 or 11.1 per cent. Operating expenses totaled 83,782, 090.30, as compared with $3,249,603.03 8 year ago, an increase of $532,487.27 | 331 14% 13% 17% 20% 24 814 ™ 7 19% 301 165 ™ 294, 4119 Am Brk Shoe pf (7) or 16.4 per cent. Operating income after expenses, | taxes and depreciation amounted to | $878,327.75 against $914,488.39 a de- crease of $36160.64, or 4 per’ cent. After adding non-operating hcome and making the usual deductions from | gross, the Transit Co. reported a to- | tal net income of $582,117.26. This | compares with $613,638.97 a year ago, | or a decrease of $31,521.71, 5.1 per | cent. ‘Washington Gas Net Off. ‘The monthly report of the Wash- ington Gas Light Co., filed with the Public Utilities Commission this morning, shows net operating revenue | for the month of July of $56,045, com- pared with $39.243 for July of las:’ year, an increase of $16,802. ’ Operating revenues for July, $382,- 632, compare with $351,045 for July a year ago, an increase of $31,587. Jper- ‘? ating expenses, including taxes end | uncollectable bills, increased $14,785, | this year’s figure being $326587, | against $311,802 in July, 1934. Non-operating revenues for July this year decreased $5,016 from last | year's total of $11,127 to $6,111, re- | sulting in a gross corporate income | of $62,156, which compares with $50.- | 370 for July, 1934, or an increase of | $11,786. Interest deductions of $72588 for July, 1935, were $2.705 more than | last year's figure of $69.883, resulting in a net loss of $10432 this year, compared with $19,513 last year, or n‘ decrease of $9.081. For the first seven months of 1935 ‘Washington Gas reported opem!mg‘ revenues of $3,935,900, compared with | $3,796,183 last year; operating ex-| penses, taxes and uncollectable bills of $2,726,753 against $2,564,349, leav- ing net operating revenues of S$1,- 209,147 against $1,231,834 last year, off $22,687. After all other deduc- tions, the company reported a net income of $746,144, compared with $815,264 last year, off $69,120. Georgetown July Income Down. The monthly report of the George- town Gas Light Co. also filed with| the Public Utilities Commission this morning, shows a net loss of $9,117] for the month of July, 1935, as com- | pared with a loss of $9,057 for July | of last year, an increase of $60. | Operating revenues this July were $67,522, as against $66,207 for July, 1934, an increase of $1,315. Oper- ating expenses, including taxes and uncollectable bills, increased $2,956, f this year's figure being ,237 against $69,281 for July, 1934. | Non-operating revenue was $4 less| this year than last year, resulting in & gross corporate loss of $4,714, com- | pared with a loss of $3,069 for July, | 1934, an increase of $1,645. Interest deductions decreased $1.585, this year's figure being $4,403, against $5,988 for July, 1934. | In the summary for the first seven months of 1935 the Georgetown Ges Light Co. reported operating revenues of $828,839 against $835,542 last year, & decrease of $6,703. After all oper- ating expenses were deducted, net revenues from operations stood at $42,823 as compared with $21,619 in 1934, an increase of $21,204. Deduction of interest and amorti- gation from gross left a net income of $11,561, a gain of $18,663 over last year in the same period. Today’s Trading on Exchange. Both stocks and bonds were in good demand on the Washington Stock Ex- change today. Capital Traction 5s opened at 97'; and closed at 97. ‘Washington Railway & Electric 4s moved at 105%. National Savings & Trust stock sold | at par, Capital Transit at 16, Potomac Electric Power 6 per cent preferred at 109, the 51, per cent preferred at 1133, and 113 and Mergenthaler Lino- type at 26. Heard in Financial District. Rolfe E. Bolling, president of the Liberty National Bank, is reported as improving steadily at Emergency Hos- pital, where he was taken about two weeks ago following an ill turn. His present rate of progress indicates that he will be out of the hospital before Jesse L. Suter, with the brokerage firm of Laidlaw & Co., will leave here at the end of the week for Virginia Beach to.pass a two-week vacation. MEN’S FABRICS SHOWN. NEW YORK, August 29 (#).—Show- ings of men's wear fabrics for next Spring are being made by the mills as fast as samples are available, sell- ing agents reveal. Indications are 449 228, 61z 10% 51 19 108'% 92 197 50 39: 4% Adams Expres: 28 Adams Millls (2) 8 Addressog’h(alb 4% Advance Rumely___ % Air-Way Elec Appl. 15% Alaska Jun (160¢).. % Alleg Corp (d) .. 2% Alleg pf w$30w @. 2 Alleg pf w840w (d). 21 Allegheny Stl (1).. x 125 Allled Chem (6).. 3% Allied Stores 12 Allis Chalmers 14 Alpha Port Cm 2% Amal Leather 26 Amal Leath pf (32). 483 Amerada Corp (2)._. 41t; Am Ag Ch Del (2).. 13% Am Bank Note __ 110 AmCan (14) 10 Am Car & Foundry. 25% Am Car & Fdry pf.. 8 Am Chain 38 Am Chain pf 66 Am Chicle (+: 221 Am Comecl Alcohel.. 6's Am Crystal Sugar.. 57"1 Am Cryst S pf (a3). Am Crys S 1st pf 6. Am Encaustic (). Am Express (6)_ Am & Foreign Pwr_ Am & For Pw $6 pf. Am & For Pw §7 pf. 7 Am & For Pw 2d pf. Am Hide & Leather. Am Hide & L pf Am Home Pr (2.40). Am Ice Am Ice pf (6) Am Internation: Am La Fran pf (d)- 9 Am Locomotive __ 3 Am Mch & Fy (80c) Am Mch & Metals__ Am Metal 2 Am Power & Light_ Am Pw & Lt $5 pt__ «Am Pw & Lt $6 pf__ 4 Am Radfator ___. Am Rolling Mills 2 Am Seating vte _ Am Shipbldg (2) s Am Smelt & Ref 2 Am Steel Foundry. 4 Am Stores (12) 4 Am Sugar (2) - Am Sug pt (7) Am Tel & Tel (9) Am Tobacco (5) _. Am Tobacco B (5 T - Am Type Fdrs (d)._. 21 9 T4 48 Am Water Works_. 2 Am Wat W 1st (6)- Am Woolen Am Woolen pf_ Am Writ Pap pf (4) Anaconda Copper__. Anchor Cap (60c) Archer Dan M (t1)_ Armour Del pf (7). Arfnour of, I1linois_. Armour of 111 pf Arm'r(IlD)pr pf (6)_ Armstrong Cork 500 Arnold Constable Asso Drv Good= Asso DG 18t pf(39)_ AssoDG2dpf Atch To&S Fe (a2). Atch To&S F pf(5) 2 Atlantic Coast Line Atlantic Ref (1) '« Atlas Powder (2) Auburn Auto _____ 5'2 Austin Nichols . 2% Aviation Corp(Del) 1': Baldwin Loco () 7'z Baldwin Loco pf (d) Ti3 Baltimore & Ohio .. 915 Baltimore & Oh pf_. 3% Barker Brothers. 57 Barnsdall Corp .. 2 Bayuk Cigar (1) . x 141 Beatrice Cre (a50¢c) 2 Beatrice Cre pf (7). Beech-Nut P (13)__ 24 Best& Co(2) Bethlehem Steel Beth Steel pf(al1%) 95 Blaw-Knox 1031 Bloomingdale pf(7) 6'x Boeing Airplane 39% Bohn Alum &Br (3) 42 Bon Ami (B) (12)_. 21 Borden Co (1.60) 2814 Borg Warner (1%) 8t Bridgep't Brass 40¢ 24'; Briggs Mfg (2) 231 Briggs & Strat (3) . 30% Bristol-Myers (12). 3613 Bklyn. 90 Bklyn-Man T pf(6). 43 Bklyn Union Gas(5) 3% Brunswick-Balke 4% Bucyrus Erie 81 Bucyrus Ere cv pf_ 3% Budd(EG)Mfe .. 23 Budd(E G)Mfg pf.. 2'; Budd Wheel 8% Bullard Co . 3% Bulova Watch % Burns Bros(A)(d).. 13% Burr Add Mch(680¢) 1 Bush Terminal (d)_ 5'% Bush Term deb (d) ) Bush Term B pfcod 20 14 Butte Copper&Zinc % Butterick Co (d) ... 11% Byers (A M) _ _— 115% 237% 2% 65% 3T% 49 T 22% 34% 101‘& 71 40 Cudahy Pkg (2%).. 15 Curtis Publishing.. 1 Callahan Zine 214 Calumet & Hecla 814 Can Dry G A (40¢) . 9% Canadian Pacific.. 30 Cannon Mills (2) 3214 Cap Adm pf A (3)__ 8214 Car Clin &0 (4) - 4% Case (J 1) Co __ 3614 Caterpillar Tr (11)- 19'% Celanese Corp. 17% Celotex Co (d) .. 11% Celotex Co pf (d) - 38% Cerro de Pasco (4). 3% Certain-teed Prod _ 23 Jertain-teed Pr pf 2714 Ches & Ohio (2.80) 35 Chesapeake Corp(3) 5 Chi & Grt West (d)_ 15% Chi Mafl Order (1) % Chi Ml StP&P (d)_ % Chi M StP&P pf (d) 1% Chi & N W (d) 3% Chi & N W pf (@) __. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf.__. % Chi R [&Pac (d) .__. 1% Chi R 1&P 6% pf(d) 1% Chi R 1&P 1% pf(d) 25'% Chickasha C O (2)-. 315 Childs Co . 31 Chrysler Corp (t1). 16 City Ice & Fuel (2). 12% Clark Equip (80¢) . 275 Clev Graph Br (+1). R9 CCC&StLpf (5)- 53% Coca-Cola A (3) 15% Colgate-P-P (50¢c) .. 9 Collins & Afkman 693 Collins & Atk of (7) 6% Colonial Beacon Oil 1 Colo Fuel & Ir «d) 5 ColoF&lof (d) __ 3% Col Gas & Elec _ 351 ColG & Epf A (6).. 3415 Colum Pic vte (1) 3915 Comel Credit (2) 561 Comcl Inv Tr(t2 80) 97% Comel In T pf(434)- 111 Comel L T cv pf (6). 17% Comel Solv (t60¢)._. % Comw & Southern_.. 291 Comw & Sou pf (3) 27 Congoleum-N(1.60) 23% Conn Ry&Lt (4%).. 34% Consol Film 14% Cons Film pf($1%). 15% Consol Gas N ¥ (1). 72% Consol Gas pf (5)... 1% Consol Laundries__ 6% Consol Oil (a25¢) . 2% Consol RR Cuba pf. 14 Consol Textile ___ 4% Contl Baking (A) .. % Contl Baking (B) ._. 46% Contl Baking pf (4) 62% Contl Can (2.40) .__ 7 Contl Dia F (a30c). 28% Contl Insur (+1.20). 3% Centl Motors ~ 300 ) 1 T O 10 1 WO RN 2 27% 10s 128t 1137 Am Tvpe F pf (d)_ 790s 9 2 s 60 960s 6 3 180s 120 230s 1 d 50s 10812 10815 90 15y 1114 24 76 1 8 1 4 1 2 1 3 4 7 187% 1% 51 15% Contl O Del(ad7%c) 47 41% Corn Ex BK&Tr (3) lIOI 62 Corn Prod Ref (3) . 414 Coty Ine 35% Cream of Wh (12)_. 1215 Crosley Rad (a2be). 231 Crown C&S (1) .. 214 Crown Zelleb'k vte. 14 Crucible Steel ..., 47% Crucible Steel pf_.. wamoaneho® 120 4% 281 32% 11 54 35 31% 14% 1 Y 13 100% 100% 114 18% + T T b I+ 4 26% ity 29% 5% 6% + 56% -9./_ 45% + % 45% +1% %h =% 30% + % 1% + % 2% + % 2% 8% — % 8% + 1k 41% +1% 11 3% + % + o 105% 89% Curtis F%b of (7). 10“ 28% 40 27% 43% 19% 50% 4315 2% 23% 122% 8 2 Curtl right. 6% Curtiss Wright 16 Cutler Hamm 22% Deere & Co__ 19 Deere&Co pf ($76¢). 23% Delaware & Hudson 11 Del Lack & West__. 851% Devoe & R (1) A__ 3414 Dome Mines (+2) __ 17% Douglas Alr (a75¢) . 13'; Dresser Mfg A bl35. 86% Du Pont (13.60)____ 3%, Eastern Roli Mills. 152 110% Eastman Kod ($5)_. 164 141 247% 29 8% 8% T4 28 32 49'; Eastman Kod nf (6) 16% Eaton Mfg (1) 19% Electric Auto Lite 3% Electric Boat 5% Elec & Mus Ind 1% Elec Pw & Lt 215 Elec Pw & Lt $6 pf_ 3 Elec Pw& Lt $7 pf 39 Elec Stor Bat (2%). 132 125% Endleott-Toh pf(7). T 42 % 14 1% 13 147% 23% 2% 4 26% Gen Motors ($2)_ 1+ Engineers Pub Sve. 15'% Eng Pub Sve $6 of_. 4': Equip Office Bldg. T4 ErfeRR .. 81 Erfe R R 1st p! 6% Erfe RR2dpf . 10% Eureka Vac C (80¢c) 15 Evans Prod 8 Fairbanks Co 4 Fairbanks Copf_ .. 17 Fairbanks Morse . T1% Fairbanks M pf $3% 3% Fed Motor T (a10c). 161 Fed'd D Strs (160c). 2812 Fid Ph F In (+1.20)_ 84" Firestone pf A (§) . 45% First Nat Strs (214) 2% Follanshee Bros(d). 20' Food Machine (1) 97x Foster- Wheeler 60% Foster-Wheeler nf 19% Four Nat Iww a1.10 fi"t Fox Film (A) 17% Freeport-Texas . 15 Fuller Co pr pf 4% Fuller Co 2d pf 7s Gabriel Co (A) 7 Gamewell Co._ 515 Gen Am Inves! 324 Gen Am Trans(1%) 11% Gen Asphalt T' Gen Baking (60¢) .. 5! Gen Bronze. 2 Gen Cable 4 Gen Cable (A).. 50 Gen Cigar (t4) ... 2015 Gen Electric (60c) .. 32% Gen Foods (1.80) ... 1 Gen Gas & El (A) lli‘) 107'3 Gen Motors pf (5) .. 106 267 L3 3y ll‘c ’h‘- 22% 13 32% 17% Gen Print Ink(1.60) 9313 Gen Print Ink pf(6) 114 Gen Public Service.. 15% Gen Ry Signal (1).. 3, Gen Realty & Util 14% Gen Real & U pf ww 16& Gen Refractories Gillett Saf Ras (1) Gillett Saf R pf (5). Gimbel Bros _____ Glidden Co (+1) ___ 3lidden Co pr pf (7) 11 Gobel (Adolf) (d) . 14% Gold Dust (1.20) .. 7'z Goodrich (B F) 15% Gondvear T&R 21, Gotham Silk Hog 1% Graham-Paig: 5% Granby Consol.. 214 Grand Union - 26 Grant (W T) (t1). 9% Grt Northern pf.___ 9% Grt North Ore (50c) 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7) 554 2% 20'3 Grevhound Corp.. - 1 Guantanamo Sugar —_—_— 34 T4 96 108 101 24% 121 4% B50, 86 128 | 18 15% 42 20% 17% ) 514 1313 12% 3% 122 104 30 Hack WopfA (1%). 4 Hall W F Printing 63 Hamilton Watch pf Hanna (M A)pf(7). 16 Harbison Walk (1). 515 Hat Corp of Amer._ 1% Hayes Body 11 Hercules Mot (60¢). 71 Hercules Pw (+3) Hercules Pw of (7) Hershey Ch pf (t4) 5% Holland Furnace 307 Houd-Hersh (2%) A 615 Houdallle-Hersh B 9% Houston Ofl .. ____. 113 Houston Ofl (new) _ 2% Hudson & Manhat__ 6'3 Hudson & Man pf 6% Hudson Motor Car_. % Hupp Motors . pEEER——————————— 17% 2% 67 68 82% 913 I1linofs Central 214 Indian Refining 2315 Indus Rayon (1.68). 461 Inland Steel (2). __ 2'; Inspiration Copper_ 8% Interboro R T (d)-- 4% Interlake Iron __ 2% Int Agritultural . 26 Int Agricul prpf... 3%, Int Car’rs Ltd (20¢) 2274 [nt Cement (1) 341« Intl Harvester(80c) 1'% Int Hydro Elec (A) 221 Int Nick(Can) (60c) x 1% Int Paper & Pw (A) 3, Int Paper & Pw (B). 4): Int Paper & Pw pf_. 211; [nt PrintInk (1) __ 9815 Int Print Ink pf (6). 42'% Int Shoe (2) 16 Int Silver 603 Int Silver pf (4). 5% Int Tel & Tel 8% Intersttae Dep 49 Jewel Tea (3). 8815 Johns-Manv (a50c). 50 Jones&Laugh?%pf. P ———SY 8% 132 167 3% Kans City Southn__ 6% Kans City South pf_ 715 Kaufmann D S(30c) 15% Kayser(J)&Co a%0c. 6 Kelsey-Hayes (A) 314 Kelsey-Hayes (B 10% Kelvinator (+50c) 13% Kennecott C (60c 23 Kinney (G R) Copf. 19% Kresge (SS) (1) ___ 56'x Kress (S H) (11) __. 221 Kroger G&B (1.60)_. e 12 LacledeGasStL... 224 Lambert Co (3) _. 815 Lee Rub&Tire (50c) 5 Lehigh Valley RR_. 671 Lehman C (12.40) __ 107 Lehn & Fink (135)_. 614 Libby McNeill & L. 21% Lib-O-Ford G1(1.20) 1714 Link Belt (80¢) e 24% Liquid Carb (11)... 31% Loew’s Ine (2) 10811 102 Lcew‘l lnu [24 (l%) 1% 21 41% 1 Loftl 4 1% Long Ball Lum (A). 33 Loose-Wiles (2)___. 130 121% Loose-Wiles pf (7). 25% 18% Lorillard P (+1.20). 144% 124 Lorillard P pf (7) 1% 22% 47% 24% 124% i3 12% 45% 8% 45 M4 56 A La Ofl Ref (d) . 10% Louisv GE&EpfA 1% x 34 Louis&Nash(a2%). 12% Ludium S 90% Ludium St of (63%) 28 McCall Corp (2) 7% McCrory Stores @. 613 McCrory Strs B (d). 36% McIntyre Poreu (2) 5% McKesson & Rob._. 32 McKesson & Rob pf. 815 McLellan Stores___. 18% Mack Truck (1) 301% Macy (R H)& Co(2) 29 Man Elev gtd (d) 13% Man El md gtd (d).. 5% Marine Midld (40e). 6% Marshall Field & Co 23% Mathieson Alk(13%) 357% May Dept Str (1.60) 841 Maytag 1st pf (6). 3 Mengel Co.__. 20% Mengel Co pf.. 2434 Mesta M-chln- @n 215 Miami Coppe: 9% Mid-Cont Pnt(nu) 8% Midland Steel Prod. 60% Midl'd Stl 1st pf(8). 58 Minn Hon R (13).... 3% ‘Minn Moline Pw.... 21 Mo Kans & Texas.... 5% Mo Kans & Tex pf.. 114 Mo Pacific of (4 10% Mohawk C M (a25¢) Monsanto nm::z 21% Montgomery Wi 56% Morrel & Co (3.( Mother 50s 9 40- - = > - @ s R Tico o 10D o010 @ a3 0 I N 0900 201 N D - 2% 8 2% 37 26% 34% 15% 5% 37 30% 21 116% 6% 146 153 :'A + W 2% + % 3TH + % 26% T34M + % 15% + % 3814 +2% 37T — 30% + % 21 11T% +1% 6% + % 146% 153 —-1% 23% 26% + W 8% + % 6% + % 4%+ % 19 +1% 21% +1% 457 + 129 + % 4% + % 30% 34% K 42 3 1184 36, 1052 314 121% 1215 24% 244 139 139 5% 19"1 19% 41% 41% 23% 22% 120 120 314 31 11% 1% 11% 36Y% 7 39% 12% 23 45% 48 23 % 9% 29% 51 100% 4% 36 33% 5 10% 10% 184 17% 109% 109 102 lof 31% +1% 1% + & 1% + % lG‘a 40 41 28 + % 45% + % 48 -2 24% — 'A % — 9% + u 29% — % 51% +1% 100% + % 4% + % 37% +2 33% + % 5 + % 10% 18 +1 109 -3 102 11% 74 Motor Wheel (80c).. 11% 9% Mullins Mfg (A).-_. 11% 9% Mullins Mfg (B)___ 65 65 Mullins Mfg (new). 4% Murray Corp 30 Myers (FE) & B (2) 11 Nash Motors (1) 4% Nat Acme Co.. 6% Nat Aviation. 22% Nat Biscuit (1. CU).. 13% Nat Cash Rz A(50e) 12% Nat Dairy Pr (1.20) 113 Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 23% Nat Distillers (2) .. 21- NatEn & Stpg (2).. 474 Nat Pw & Lt (80¢). 40%, Nat Steel (t1). __ 36 t Supply Co pf . 21% Nelsner Bros (t1)_ x 4 11812109 Newberry J J pt(7) 208 8! 4% Newport Industries 1 28% .18'4 N Y Airbrake __. 3 25% 12% NYCentral RR. ... 25 9ANYChi&StLpf. o NRABNBS MR~ RoNS o 8 1508 o7 3 H & Hartf pf ntario & West ¥ Shipbuilding 00N Y Shipbldg pf(7)- 30% Noranda Mines (2)_ 2 North Am Aviation. 9 North AmCo (1) __ 35% North Am Co f (3) 13% Northern Pacific .. 35% Northwest Tel (3)__ 1% Norwalk Tire&Rub_ 12 17 160 2 24 508 3 9% Ohfo Ofl (a15¢) 54 21% 16% Oliv Farm Eq(new) 1 8% 313 OmnibusCorp . 66 81 4% Oppenheim Collins. 22 11% Otis Elevator (60c) 125 106 Otis Elev pf (6) 171 4% OtisSteel __ _ 8415 22% Otis Steel pr pt. 114% 11415 Outlet Co pf (7) 104 80 Owens-Ill Gla 17'% 14 14 Pac-Amer Fisheries 1 Pacific Coast 134 Pacific G & E (134) 19 Pacific Ltz (2.40) PacificMills_ _____ 1 Pacific Tel & Tel (6) 1005 Pacific T & T pf (6). 108 Pac Wn Oil (bd0e).. 10 Packard Motors 69 Param’t Pic (new)_. 161 Param't Pic 1stpf__ 8 Param't Pic 24 pf__. 104 Park & Tilford . Park Utah _ 6 12 70 111 6% 31 8 84 A n 2% L] Pathe Film Corp___. 814 Patino Mines_ _____ 6414 Penick & Ford (3)_. 57% Penney X C (2) 21 Penn Coal & Coke _. 3 Penn Dixie Cement. Penn RR (1) __ Peoples DS (+1)_ 17% Peoples Gas Chi 75 Petrol Corp.____ 12% Phelps Dodge (a25c) 23 PhilaCo 6% pf (3). 1% Phila Rap Tr (d) __ 31; Phila Rap Trpf(d). 1% Phila & Read C&l__ 351 Philip Morris (1) 13% Phillips Petrol (1 3 Phoenix Hoslery ._ 50 Phoenix Hpf (3%). 1, Pierce Ofl. 2% Pierce Oil pt % Pierce Petroleum 31 Pilisbury F1 (1.60)_ 515 Pitts Screw & Bolt.. 22'x Pitts Steel pf 24’5 Pitts United C pt 67 Pitts & W V. 1 Pittston Co 613 Plymouth Oil 6'x Poor & Co (B). 4% Postal Tel&C pf (d) 8, Pressed Stl Car (d). 61; Pressed Stl C pf (d) 42% Proc & Gambl (1%) x 20% Pub Sve NJ (2.40)_ 62% Pub Sve N J pf (5)_. 34 Pullman Ine (3) 57 Pure O11 . 343 Pure 011 6% pf- 495 Pure Ofl 3% pf_ 8% Purity Bakeries (1) _— 7% 4 Radio Corporation _ 621, 50 RadioC'ppfA (3%) 65% 35% RadioCorppf B___ 1'% Radio-Keith-Or (d) 16'2 Raybestos-Man (1) x 7 Remington-Rand 69 Remington-R pf (6) 21% Remington-R pr pf. 214 Reo Motor Car_ 9 Republic Steel __ 28% Republic Steel pf. 513 Revere Copper-. 75 RevereC&Bpf.__. 241 171 Reynolds Metals (1 108% 101 - Reynolds M pf (5% 237 124 Reyn’lds Spring(1)_ 55 431s Revnolds Tob B (3) 12% 54 Ritter Dental 44% 29'; Royal Dal.70 1- -10c. 46 36% Safeway Stores (3) 11415110 Safeway Strs pf (7) 221 10% St Joseph Ld (40¢). 2 % St L-San Fran (d).. 2% 1 St Frpf (d)- 11% 6 Savage Arms 35 22 Schenley Distillers. 1% Schulte Retail Strs.. 8 Schulte Re Strs pf_ 55 Scott Paper (1.80)_. 708 1 Seaboard AirL (d). 2 20% Seab'd O Del (160c) x 20 31 Sears Roeb’k(a75c) 32 40 Sec NatInvpfi2i. 20s 73 Servel Inc__~____ - 9 Sharon Steel Hoop. 4 7% Shattuck(F G)(25¢) 3 513 Shell UnionQil.___. 1 6315 Shell Union Ofl pf_. 8% Silver King C(40c)_ 6 SimmonsCo._ ... 5 Simms Pet (a50¢).. 614 Skelly O11__ 15% Snider Packin B4 2% L1+t ddttl 2% 114 lll s 6% 25% 22 18 I+ +++ +¢-l+0»+ | +4+ o ey FE FF FLEER I+ #Fe +++1 +1++ | 5 * 1167 tlt+++ 4141 +4+ +4+1 1 120 9% T 51% 284 67% 19% 233 26% 18% 24 2% 15% 7 65 211 464 587 82% 64 76 35% 28% 5% 6013 s 107 16 81y 9y 96 12% 145% 5% 10% 10% -1 17% 19 +1% cash payments declarations. lus extra. jast year reorganized. 20: Sou Porto R Sug(2) 10% South Cal E4 (1%). 12% Southern Pacific 5% Southern Railwa; 7 Southern Rwy pf.__. 59% Spang Chalf pf $3% 3% Sparks-Withington 32 Spencer Kell (1.60). T% Sperry vtc (a2¢) . 815 Spicer Mfg. 437 Splegel-Ma. 80 Spiegel-M-S pf(614) 13% Stand Brands (30c). 2'3 Stand Com Tobacco. 1'; Stand Gas & Elec.. 1% Stand G & E §4 pf._. 4% Stand G& E $6 pf__ 6 StandG&ES$7pf.. % Stand Inv Corp .. 27% Stand O1l of Cal (1) 23 Stand Oil of Ind (1) 35% Stand OIINJ (11) . 121; Starrett (L'S) (1) . 58% Sterling Prod (3.80) 6% Stewart-Warner 25 Stone & Webster. 2% Studebaker Corp... 60'3 Sun Oil (11) __. 115% Sun Oil pf (6) 1% Superior Oil % Symington (d)_ 4 Tennessee Corp.. 1615 Texas Corp (1)_ 28% Texas Gulf Sul (2). 3% Tex Pac Coal & O11. 813 Tex Pac Land Trust 13% Thatcher (1) __ 50 Thatcher M pf(2.60) 5% The Fair ___ 61'4 The Fair pf ($12%) 2'3 Thermold Co 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil .. 84 Tide Wat A O pf(8) 4% Timken-Detroit__ 28% Timken R B (1) 47, Transamerica(30c). T% Trans & Westn Air. 5's Transue&William: 1% Tri-Contl Corp 313 Truscon Steel 13 20th Century Fox _ 25 20th Century Fox pf 18 TwinCity RTpf__ 29 Union Bag&Pap (2) 44 UnCarb&C (1.60). 14% Un Ofl of Cal (1).. 8215 Un Paelfic (6) 79'2 Un Pacific pf (4) .. 20% Un Tank Car (1.20). 9% United Afrcraft. 4'3 United Air Line 46 United Carbon 2. 1% United Corp.. 20%, United Corp pf (3)_. 8% United Drug... 4!z United Dyewood 3% United Elec Coa! 65 United Fruit (3)._. 91 United Gas Imp (1) x 87'3 United Gas 1 pf (5) x % U S Distributing_. 88 3 5 U S Distributing pf 2290s 4'3 US & For'n Secur._. 11 US Freight (1) ... 3% U S Leather vte 743 U S Leather A vte_ . U S Leath pr pf vic. 14% U S Pipe & F (50¢) - 3 USRealty & Imp.. 9'% U S Rubber 24'3 U S Rubber 1st pf__ 95 USSmelt&R (a6). 271 U S Steel. 73% U S Steel pf (2) - 313 United Stores (A 1 Univ Pipe & Rad 15 9% Univ Pipe & Rad pf li”n 1 UtlPw&Lt(A) 15 Vadsco Sales Corp. 11% Vanadium Corp 11% Van Raalte (a25c) 34 Vick Chem (12). 213 Va-Car Chemical_ 17'; Va-Car Chem 6% pf 2 72'; Va El & Pw pf (6) 109% 4'x Waldorf Sys (50c) . 26'% Walgreen Co (1.4 14 Walworth Co 21 Warner Bros Plc_ 21, Warren Bros __ 7' Warren Bros cv pf 20% Warren FAy&P (2)- 1 Wells Fargo_._____ 30'3 Wesson O&S (150c) 34 West PaElec (1)A_ Vulcan Detin pf (7) 1 16 508 36 West Pa Elec pf (6) 130s 397 West Pa Elec pf (7) .\wl 104 W Pa Pwr pf (7) 513 Western Maryland_ 2% Western Pac pf (d). 20% Western Unton__ 18 West'gh'se A B 50c. 32% Westinghse Elas0c. 10 Weston Elec Ins 16% Westvaco Chi ‘40¢) 141 Wheeling Steel 672 White Motor__ 1312 White Rk M S(1.40) 1% White Sewing Mch. 6 White Sew Mch pf.. 1 Wilecox Oil & Gas _. 37 Wilson & Co ta25e¢) 51 Woolworth (2.40) __ 11% Worthington Pump 2513 Worth Pumppf A__ 35'; Wright Aero.__ 73% Wrigley W jr (13)_. —_— 2% Yellow Truck- . 3113 Yellow Truck pf 18 YoungSp& W ( 13 YoungstownS& T. 1'% Zenith Radio. 2% Zonite Produc! les for the 3 Aocumulated dividends. d Companies x Ex dividend. 208 11 2 Dividend rates as given In the abo ased on the latest s Unit of trading less than 100 shares. 9 47 Li++l+ +I1+ 141+ $ 42+ 141 +1 4 Approximate Sales of Stocks on the N. Y. Stock Exchange. « 260,000 12:00 Noon 440,000 650,000 table are the annual terly or half-yearly | + Annual a Paid this year. rate— | grade, 20-24%%. b Paid | reported in receivership or being | so were registered by WITH FIRM TONE Gains of Fractions to Point or More Shown, Except in il Group. STOCK AVERAGES 15 60 s, Util. Btks +.4 358 475 35.2 471 346 470 281 383 39.3 49.1 216 3438 406 514 242 349 239 16.9 n Net change. close Month ago.. Year ago... 1935 1935 1934 1934 1932 Y 1929 1469 153.9 184.3 157.7 1927 . 516 953 618 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, August 29.—Stock market prices rallied today in trad- ing that was exceptionally quiet. Gains of fractions to a point or virtually all | groups except the oils. The Mtter were somewhat backward. The closc was firm. Transfers approximated 800,000 shares. It was one of the smallest turn- overs for a full session in more than a month. The activity, however, was of the usual pre-holiday type and little importance was attached tc the low volume. The signing of various ccogressiona! | bills at the White House was in line | with financial forecasts. The Italo- Ethiopian controversy was also con- sidered a secondary market influence Improvement in the stock list wa: | attributed partly to some nervou short covering as well as reinvestment demand and speculation for a tech- | nical comeback. Grains and cotton furnished nr Syndicate Offers Refunding Issue of Pennsylvania Co. By the Associated Press. NEW YORK, August 29.—A banking syndicate headed by Kuhn, Loeb & Co. | is expected to make public offerings to- morrow of $50,000,000 28-year secured 4 per cent bonds of the Pennsylvania Co. The bonds will be priced at par, it is understood. The company, con- trolled by the Pennsylvania Railroad Co., will use the net proceeds of the issue in the redemption of $50,000,000 434 per cent bonds, due in 1963, DAILY OIL PRODUCTION DOWN 19,950 BARRELS By the Associated Press. NEW YORK, August 29.—Daily av- erage gross crude oil production in the United States decreased 19,950 barrels in the week ended August 24, totaling 26,688,700 barrels, the Amer- ican Petroleum Institute’s weekly sum- mary indicates. Refineries representing 89.5 per cmt of estimated total capacity, operated at 752 per cent of their capacity, reported daily average runs of crude oil to stills as 2,562,000 barrels. Daily average the previous week for re- fineries representing 89.5 per cent of total, operated at 75.2 per cent of ca- pacity, was 2,560,000 barrels. Imports totaled 526,000 barrels, against 1,600,000 the previous week. LEATHER PRICE BOOSTED. STEEL SCRAP PRIC! (UNIT DOLLARS PER T EXTRA DIVIDEND VOTED. e ELECTRIC Pomn PRODUCTION o ADaSTED FOR nwmu.-.mm Lows n caoury 105 100 an extra dividend of 30 cents; April 1, CHICAGO, August 29 (#).—An ex- tra dividend of 30 cents and the regu- “Immlydlvmmo!nmhn share on the capital stock of Abbott Laboratories was declared today by di- rectors. Both are payable October 1 35 cents; January 3, 15 cents, and a year ago, 10 cents. MONEY MARKET. TS Bankers t rate, lo.'c ork lautn cent. ’rlues to equities. United States Go- ernment securities turned firm follow- |ing an early dip. Other loans were inclined to improve. Foreign gol- | currencies eased in terms of th dollar. Scattered sellng in oil stocks re flected the unsettlement of the Cali fornia crude situation and reports o gasoline price cutting in the East. Chicago Grain By the Associated Press. CHICAGO, August 29.—The dowr | warg trend of the wheat market w halted at least temporarily today ¢ fresh advices from the Canadia | prairie provinces indicated grain loss from rust, hail and frost damage migt exceed expectations. The rallying power of wheat wa comparatively weak, but lighter offer ings gave the market a frrmer ton near the close, with some buyin credited to milling interests. The ap proaching holiday and September de livery period tended to restrict trads Wheat closed 3% cent lower to * higher; December, 89-89'4; and cor: was 13 off to % up; December, 56% 5675. Oats were '; down to !3 up rye, !5 off: barley unchanged to : cents higher, and provisions wer: higher. Chiu[o Cash Market. Cash wheat—No. 3 red, 88! red, 783, ; sample grade red, 73 x-BJ No. lhlrd 1.04'2; No 2 hard, 1.02% 103'2; No. 3 red, garlicky, 86!2; No 3, red tough, 86%; ; No. 4, red, tough 8312; No. 4, hard, tough, 812; No 5, mixed, tough, 81; No. 3, mixed 89 (80 per cent hard); No. 4 mixed, 94 (75 per cent hard). Corn— {No 2, yellow, 75'¢-76; No. 3, yellow 74'2-75; sample grade, 70. Oats—No 3. white, tough, 26; Nc. 2, white, 293 | 30: No. 3, white, 26%-29: sampl No trade in rye o buckwheat. Soy beans, No. 2, yellow 62 (net track country station); new No. 2, yellow, 56, October and Novem ber deliveries. Barley—Nominal prices feed, 35-48; malting, 50-70. Timothy | seed, 2.75 per hundredweight. Clove seed, 10.25-16.25 per hundredweight I Grain Prices. 29 (P.—Whea Liverps LIVERPOOL. _August }{ulurea closed easy. | Hizh. s Prev Low. Close. Close October T R31. Baltimore Quot; BALTIMORE, August wheat, No, % Ted Winter, domestic, §1: August. New York Cotton By the Associated Press. NEW YORK, August 29.—Cottor was quiet today, easing slightly in the late trading on reports of good rain: in Oklahoma and increased hedging from the Southwest. October sole from 10.68 to 10.54¢ and the genera’ market late in the session was 1 t¢ 7 points lower. Futures closed barely stea 0:46-41 Bleachable cottonseed oil futures closed steady. September, 10.16b; Oc- tober, 10.11; December, 9.92b; Janu- ary, 9.91b; March, 10.00b. Sales, 50 contraets including 10 switches b—Bid. Liverpool Quetations. LIVERPOOL. August 29 (P.—Cotton 2,000 bales; Amarican. nfl, Bect i fal demund; orices 4 lower. cuuu tions in pence: AbnoroRn, steies . 6.75: good middling, 5432 e O iddting. 125, st low middling. 5.90. 90: ‘sood ordinar et tober. Shahrs, 500, July. 5.60. <o ember. May. 5.62; . | share earnings, nxmont.hsu:ad-lm 30, were 19 cents vs. 31 cents, ' ,“