Evening Star Newspaper, August 31, 1935, Page 12

FINANCIAL, C. & P. PHONE NET TRANSACTIONS ON THE NEW YORK STOCK EXCHANGEH[][“]AYAPAIHY ADVANCES IN JULY Seven Months’ Earnings Also Exceed 1934 Period, Report Reveals. BY EDWARD C. STONE. Total net income of the Chesapeake & Potomac Telephone Co. in July was $145,219, compared with $130,976 in July, 1934, an increase of $14,243, ac- cording to the monthly statement filed with the Public Utilities Commission today. The report, which is consid- ered one of the best barometers of business in Washington, reveals steady progress in recovery, a net increase of 12,941 telephones being reported over the number in service at the end of July, 1934. Operating revenues in July amounted to $827,993, in comparison with $775,- 224 in July of last year, a substantial gain. Operating expenses totaled $600,804, as against $564,601 in the same month in 1934. Operating taxes were slightly lower than last year, these operating deductions leaving a net operating income of $169,957, while this item last year was $153,072. Non-operating income was about $1,000 higher than last year. From total gross income of $170,510 interest deductions of $25,291 were -made, against $21,656 a year ago, leaving the mbove balance before dividends of more than $145,000. The statement further shows that telephone calls in Washington in- creased in July, there having been 20,933,000 calls made during the month, as compared with 17,880,000 calls during July, 1934. Seven Months' Earnings Up. Chesapeake & Potomac Telephone Co. earnings in the first seven months of 1935 were also reperted and were slightly higher than last year. Oper- ating revenues totaled $5847,243, against $5,682,242. Operating expenses also climbed, standing at $4,107,422 as compared with $3,975,524. Taxes were about $4,000 higher than last year, leaving a net operating income of $1,299,689, in comparison with $1,270,712 in the like period in 1934. ‘Total gross was practically the same as the operating net. Interest deduc- tions of $175,442 were made this year egainst $150,779 last, resulting in a total seven months’ net of $1,124,147 Bs compared with $1,120,389 up to August in 1934, or & modest gain of $3,758. In the first seven months of this year 6,542 new telephones were con- nected, while last year up to August 1 there had been a net gain of only B8,831. Total calls in the same period numbered 150,287,000 this year against 140,482,000 in the corresponding period last year, a pick-up of 9,805,000 calls. Otker Reports Favorable. ‘Today’s report by the C. & P. Tele- phone Co. is the last covering the financial results of July utility opera- tions in the Capital. Washington Rapid Transit bus lines reported sub- stantial improvement over July a year 8O- ‘The Washington Gas Light Co. fgeported business not quite up to last sear in July, but a net income of $746,144 in the first seven months of 3935. Georgetown Gas earnings slumped In July, but were considerably ahead of last year's net in the first seven months. Capital Transit Co. reported 8 July gain in net earnings of $20,- 985.51 over July, 1934, and a net profit up to August 1 of $582,117.26, highly satisfactory but 5 per cent under the same period last year, due to heavier expenses, . Advertising Program Ready. Robertson Griswold, vice president of the Maryland Trust Co., will be one of the leading speakers at the coming convention of the Pinancial Adver- tisers’ Association at Atlantic City. Bank advertising men here are much Interested in this meeting. J. Blake Lowe, first vice president of the Equitable Trust Co., also of Baltimore, will speak on “The Future of Trust Solicitation.” Many other ad- dresses will be presented on banking and legal subjects. The program re- lating directly_to advertising includes: “Would Co-operative Trust Advertis- ing Help in Trust Solicitation?”—A. Xey Foster, assistant trust offifer, Birmingham Trust & Savings Co., Birmingham, Ala. “To What Extent Does Direct Mail Advertising Help in Trust Solicitation ‘Work?”"—Fontaine LeMaistre, assistant trust officer, Barnett National Bank, Jacksonville, Fla. “What Form and Style of Advertis- ing Is Most Helpful in Trust Solicita- tion Work?”—Harvey H. Page, second vice president, Northern Trust Co., Chicago. Financial District Gossip. Charles F. Swift, president of Swift International, has sent a letter to the ‘Washington office stating that a tax suit filed against one of the company’s subsidiaries in Argentina is of i.inor importance and will have no ap- preciable effect on the company's earnings. The Washington office of Investors’ Syndicate has received word from the head office stating that the average citizen'’s real income for July, 1935, was higher than a year ago. The up- ward trend is accounted for by the continued decline in food costs. A. P. Giannini, head of the Bank of America, predicts that interstate branch banking will be the next move in American financial circles, follow- ing the recently enacted new bank- ing law, which he considers the “most important legislation of the kind since the formation of the Federal Reserve Prev. 1938 High. ltullnfl Low. 9% 4% Adams Express.... 88‘6 28 Adars Millis (2) . 14% e). 8 Addressog’h(alle] 13% 4% Advance Rumely .. HM 146% 25% BT 17% 8 3 —————————————— 6% 26% 17% 491 10% 10844 13% 197 19% 3913 103% 14 16 26% 49% 42 1% 5% 22% 16% 13% 127% T3% 112 55% 35% 4% 33% 29 63% 6% Board.” Speaking of the outlook for the North American Co., President Fogarty said: “The trend of our business is encouraging, and the North American Co. and - its subsidiaries are in TOY FACTORIES BOOST PRODUCTION SCHEDULES @pecial Dispatch to The Star. NEW YORK, August 31.—Toy fac- tories in 30 States are increasing pro- duction to fill the rush of orders 0c). 104% Air Reduction "l)_ 15% Alaska Jun (t60¢) % Alleg Corp (@) ..o 1% Alleg of xw (d) .. 33 Allled Stores _ 214 Amal Leather ___ 414 Am Ag Ch Del (2)__ 13% Am'Bank Note 21 Am Brk Shoe (1).... 10 AmCan(td) ., 10 Am Car & Foundry. 251 Am Car & Fdry pf_. 8 Am Chath 221% Am Comel Aleohol. 6% Am Cry: 72 AmCrysSistpfé. % Am Encaustic (d) .. 2 Am & Foreign Pwr_ 12 Am & For Pw $6 pt. 14 Am & For Pw §7 pt. 4% Am & For Pw 2d pf. 2% Am I = 22 Am Ice pf (6 13% Am Metal 11 Am Power & Light.. 8% Am Pw & Lt 85 pt__ 10'% Am Pw & Lt $6 pf_ 10's Am Radiater 15% Am Rolling Mills__. 4% Am Seating vte ... 315% Am Smelt & Ref 103 AmS&R 6%pf $13% 126! Am Sug pf (1) ___ 987 Am Tel & Tel (9) __. 74% Am Tobacco B (5).. 1 4% Am Woolen 35% Am Woolen pf. 3 Am Zinc & Lea Am Zinc & Lead 8 Anaconda Copper. 123 Anchor Cap (60c 314 Andes Copper 3% Armour of {1ing 551 Arm'r(I1)pr pt (6)_ 16% Armstrong Cork 500 4 Arnold Constable _ 35% Atch To&S Fe ). 19% Atlantic Coast Line. 3 AtIGulf&W Ind . 6 Atl Gulf&W Ind pf. 21% Atlantic Ref (1) 4 Atlas Tack__ 15 Auburn Auto. 2% Aviation Corp 1'; Baldwin Loco (d) - 713 Baldwin Loco pf (d) 715 Baltimore & Ohfo.__. 36% Bang & Aroos (2%). 5% Barnsdall Corp_. _. 100%; Beatrice Cre pt (7). 11% Belding-Hem (a50c). 11% Bendix Aviation___. 15% Beneficial Lo (1%). 21% Bethlehem Steel 55% Beth Steel pf(al%). 9% Blaw-Knox._ 614 Boeing Airplane 21 Borden Co (1.60)... 28% Borg Warner (1%). 815 Bridgep't Brass 40a. 2413 Briggs Mfg (3) . 231 Briggs & Strat (8) . 4% Bucyrus Erle 8's Bucyrus Erfeev pf_ 3% Budd(E G)MIg - .. 23 Budd(E G)Mfg pf— 215 Budd Wheel 8% Bullard Co-.. 3% Burns Bros(A) (d)—. 3 Burns Bropt (d) __. 13% Burr Add Mch(60c) 1% Butte Copper&Zine. 11% Byers (A M)__ 32 Byers (A M) pf_ 301 California Pkg(1%) 1 Callahan Zinc_ .. 21, Calumet & Hecla... 71 Campbell-Wy a40s_. 8% Can Dry G A (40c)—. 9% Canadian Pacific.... 4% Capital Admin (A). 45% Case (JI)Co. ____ 8315 Case (J I) pf (4) - 361 Caterpillar Tr (t1). 19% Celanese COrp.-cceen 1% Celotex Co (d) .- 11% Celotex Co pf (d)—. 22% Cent Aguire (1%)-. 38% Cerro de Pasco (4)- 3% Certain-teed Prod.__ 23 Certain-teed Pr pt. 4% Checker Cab Mfg__. 36 Chesapeake Corp(3) 3734 Ches & Ohio (2.80) _ % Chi & East 111 pf (4) 15% Chi Mail Order (11) % Chi M StP&P pf (d) 1% Chi&NW () .o 3% Chi & N W pf (d)_—. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf__. % Chi R 1&Pac (d).._. 1% Chi R 1&P 6% pf(d) 1% Chi R I&P 7% pf(d) 25% Chickasha C O (2).. 314 Childs Co 31 Chrysler Corp (1) 16 City Ice & Fuel (2). 3% City Stores _____. 15% Colgate-P-P (500) 9 Collins & Afkman__ 5 ColoF&1pfid).. 3% Col Gas & Blec..__. 35% ColG& Epf A (6). 341 Colum Pie vte (1) 391 Comel Credit (2%)- 56% Comel Inv Tr(12.80) 97% Comel In T pf(4% ). 17% Comel Solv (160¢) . % Comw & Southern._. 29% Comw & Sou pf (3). 23% Conn Ry&Lt (4%) . 41 Conn R&L Df (434)- 3% Consol Film 14% Cons Film pl(fl%). 15% Consol Gas N ¥ (1). 721% Consol Gas pf (5)__ 6% Consol Oil (a25¢)-— 112 108% Consol Oil pf (8)... 1% 13% 9% 134 67% 1 Consol Textile. ... 8% Container Corp (A). * 415 Contl Baking (A) ... 5 Contl Baking (B) .. 46% Contl Baking of (4). 62% Contl Can (2.40) ... % Contl Motors ... 15% Contl O Del (a37%¢) Dividend Rete. Add 00. Hish. 8 80% 12% 2. 13 % T ll uz lllVg um % - S - & Ao aneBod aauHpam RN D 588 - OO o o S N = B mamEeE =S n RS o - CubanB-8~ » PNNWL S N - AW 160s 11 3 i 10s 1 2 L] 1 3 3 1 34 m 5% 6% % 26% 4 54% 27‘5 30! lll)‘& arnnBoananweb e - o ,:.3? High. mmmp 119 u. 8 8% — ¥ Prev. 4514 Y m vu-l Rate. " Gen Mills pf (6).. 265% Gen Motors (12) .. 30% 30% — % l!&l XM% Gen Motors pf (6)... 12% 12% l% 5% 6% 1% 26% 4 54% 2‘1* l% % 5% 8% % + % 26% — % 4 54% + 4% z'u-+ % 188% lB!% lBg% +% 82% +1% 36% + % 13 + % 2% 205 —1% 24 +u 8 + % 33% +1% 0% +1% % - % 24+ % 1% + % th 454 108% 108% — % 137 137 1364 136% +1 100 100 + % 5% 6% 204 15% % 20% — M EEEFFEFFEF m” NiNes i T e Feraf FEIEFEES » FEF 12 +2% 50% — % 71 +1 41009&100%100%4—% SrommnmnmnS 41% Corn Ex Bk&TTr (3) lBOI 62 Corn Prod Ref (3)_. 385% Cream of Wh (12)_. 3% Crown Zelleb’k vto. 14 Crucible Steel ... 1 Cuba Co % 15 Curtis Publishing_. -_— 40° 43% 19% 4% 431 32% 19 122% 891 Curtis Pub pf (7). 2 Curtiss Wright 6% Curtiss Wright (A) 16 Cutler Hammer 22% Deere & Co 23% Delaware & Hudson 11 Del Lack & West... 1% Den & RG W pf .. 341 Dome Mines (+2) ". 17% Douglas Air (a76c). 12% Duplan Silk (1) . 86% Du Pont (13.60).. 153 110% Eastman Kod (15)_. 29 9% % 28 16% Eaton Mfg (1) —wa 19% Electric Auto Lite.. 3% Electric Boat...... 1% ElecPw& Lt ____ 214 Elec Pw & Lt 86 pf- 3 Biec Pw & Lt 37 pf_ % Elk Horn Coal (d).. % Elk Horn C pf (d) ... 1% Engineers Pub Sve. 14 Eng Pub Sve §6 pf.. 14% Eng P 8 $5.60 pf ww % 4% Equip Office Bldg... ThErfeRR . vee 15 Evans Prod (a1)... OO N B AN NAR MO BruvmmnanSEiRon P —————————————— 25% 5 Fairbanks Co._... 4 Fairbanks Co pf.... 17 Fairbanks Morse_.. 5% Fed Lt&Tr ... 2 Fed Screw Works... 7% Fed Water Sve (A). 13% Firestone (40c) ... 45% First Nat Strs (233) 20% Food Machine (1).. 9% Foster- Wheeler___. 8% Fox Film (A) ... 36 Gabriel c. (A)eemee 1 Co. - 100s - ‘cfl;.l‘ x?nua?u g.hun.-fi-dg - 8‘/. 104* 104% IM% W 2Th 2% 87% 36% 16% 3 28 31% 16 15 15 118 17 118 +1 2148 18 148 +1 23% 23% TR ~» ® & ettt FEEEE D4 et i O - e Seu¥es EEaSfen,® rre“Fe sF exss S8en 3353 hEtt FEEE LA+ F FRFRERE ¥ - 255" P13 34 2 - Fo o Ppviit® 10 Gen'Outdoors Adv A 93% Gen Print Ink pf(6) 1% Gen Public Service 14% Gen Real & U pf ww 16% Gen Refractories... 12 Gillett Saf Ras (1) 70% Gillett Saf R pf (6). Bros pf oo 28% Glidden Co (1) ____ 1% Gobel (Adolf) (4).. 14% Gold Dust (1.20) .. 7% Goodrich (B F).___ 40 Goodrich (B F) pf_. 15% Goodyear T&R. . ... 70 Goodyear $7 pf (4).. 1% Graham-Paige ... 14% Grand Un pf (1%).. 9% Grt Northernpf . 26% Grt West Sug (3.40) 20% Greyhound Corp... —_— 11% 108 24% % 68 82% 8% 13% 23% 21% 18% 24 26 14% 4 18% M 39% 113% 14% 19% 334 18% 17% 110% 6% Hamilton Watch _. 101 Hanna (M A)Df(7). 16 Harbison Walk (1). 1% Hayes Body ... 5% Holland Furnace .. 6% Holland & Son (50¢) 6% Houdaille-Hersh B. 9% Houston Ol 11 Houston Oil (new)_ 2% Hudson & Manhat.. 6% Hudson Motor Car. % Hupp Motors. 9% 11linois Central.... 40 {11 Cent lse lines(4). 231 Indus Rayon (1.68). 46% Inland Steel (2) .. 2% Inspiration Copper.. 4 Insur ShMd efs 160 8% Interboro R T (d).. 1% Intercontl Rubber.. 4% Interlake Iron. ... 2% Int Agricultural ... 26 Int Agricul prpf... 3% Int Car'rs Ltd (20¢) 22% lnt Cement (1) e 1% Int Hydro Elec (A). 22% Int Nick(Can)(60¢c). 60% Int Silver pf (4).... 5% Int Tel & Tel... 8% Intersttae Dep Strs. 38% Johns-Manv (a0c). 50 Jones&Laugh?%pf. 8% Kans City Southn__ 6% Kans City South ptf.. 6 Kelsey-Hayes (A).. 34 Kelsey-Hayes (B).. 10% Kelvinator (t50¢) .. 13% Kennecott C (60¢).. 19% Kresge (S 8) (1) 22% Kroger G&B (1.t 12 Laclede Gas St L. 22% Lambert Co (3). .. 81 Lee Rub&Tire (50c) 105 Leh Port Cement.__. 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf.. 5 Lehigh Valley R R_. 67% Lehman C (13.40) .. 107% Lehn & Fink (134)_. 6% Libby McNeill & L... 21% Lib-O-Ford G1(1.20) 181 Lima Locomotive.. 17% Link Belt (80¢) caee 24% Liquid Carb (1) 31% Loew’s Inc (2)eeee 1 LoftIne. . .cecce—men 1% Long Bell Lum (A). 33 Loose-Wiles (2)__.. 10% Louisv A l\fi. 12% Ludlum Ste!. .. 36% Melntyre Porcu (2) 5% McKesson & Rob___. 813 McLellan Stores..... 18% Mack Truck (1).. 301 Macy (R H)& Co(2) 18% Magma Copper (2). 13% Man El md gtd (d).. 10 Manhat Shirt (60c). 5% Marine Midld (40c). 6% Marshall Field & Co 23% Mathieson Alk(1%) 35% May Dept Str (1.60) 515 Maytag Co.- 8413 Maytag 1st p: 3 Mengel Co. 20% Mengel Co pf 2434 Mesta Machine 215 Miami Copper ___. 8% Midland Steel 60'4 Midr'd Stl 1st pf(8). 3% Minn Moline Pw. % Minn & St L (d) ... 10% Mission COTp. - weue 5% Mo Kans & Tex pf_. 1% Mo Pacific pf (4)__. 10% Mohawk C M (a26e) 55 Monsanto Chem(t1) 17% Motor Products (2). 7% Motor Wheel (80c) .. 4% Murray Corp 11 Nash Motors 22Y% Nat Biscuit (1. 13% Nat Cash Ri A (50c) 12% Nat Dairy Pr (1.20). 103 Nat Dairy pf A (7). 17 Nat Dept Strs pf(d) 23% Nat Distiliers (3) __ 4% Nat Pw & Lt (30¢).. 40% Nat Steel (11). ... 36 Nat Supply Co pt... 8% Nat Tea (60¢) - —oe. 12% N Y Central RR._.. 6 N YChicago&StL. Doel 5 S ve-wr’ (@) 4 2 6 30% Noranda Mines (2). 43 190 168 Norfolk & W (18)_ . 4% 24% 21% 2% 4% 8% 104 2 North Am Aviation. 9. North AmCo (1)._. ). 13% Northern Pacifie___ 1% Norwalk Tire&Rub. 9% Ohio 01l (2156) aeuee 31 Omnibus Corp.. 80 Owens-Ill Glass! R(1).. 30 P.opl.l DS (11— 17% Peoples Gas Chi.... % Petrol Corp....-——e 12% Phelps Dodge(a26¢) Phila Co 6% pf (3). 3% Phila Rap Tr pf(d). 1% Phila & Read C&l ... 29% 13% Phillips Petrol (1) 6% Plymouth O 1% Porto R Am Tol 4% Postal Tel&C pt (4) Stl Car (d). 5 Pressed MHB Proc & Gam pf (5) .. li IOh % i mu Pub Sve NJ (2.40) 100 (3)ceee SK Pure O11 ST 8% Purity Bakeries (1) 4 Radio Corporation.. 50 RadioC'ppt A (3%) % Radio Corp 1% Radio-Keith-Or (d) 16% Raybestos-Man (1). 8% Real 8ilk i Be3Ete,~Eur¥tE SEUISE HH FH i A AL Eatl g Ot RO WRRWRE = O NN GO 001D 10D e 001D 00 - :3 g.e Ee NABRA N AANNN-RNARN S RAE N N 9= 11T - R 00 0 et o BT RO O I 09 1 1t O O I TN e ek 1 DO IO Bt i O IO - [ Eone Smpmnnmnms 5% & 5% + 19% 19% 19% + lOD 109 109 5 14608 26 64 22 10 2 1% 108 116% 116% 11 - =qunfl-§gfl Qe -'-—Snvunn»-gu-n; 11% 10 41% 1 4% .__._.. 4§ SPE T BT A ++ ++ 141 3 FRE EEFEFEER FES & e F 13 101% +1% % 5% 33% 16% 15% 15% + 10s 110% 110% 110% 25% + 26% 20% 1 40% —1 4% 5+ 12 B FEFSE FPEEFEE S FIE 39 + % 189% +1% 3% 3% BEglesls Exit 20% + % 50% +1 16% + % 1%+ % 10% = % 7 1 =2 ++1 I ghevelyst e B OSESERER L T & B8 + # .a.n_ T ] _0_4-!4' + | ++ FEEF FREFPR Prev. 1938 "igh. 6 Simmons Co. :ulhlllrlt (as0e) 164 18% 1% 39 24 - Bloss-Sheffeld vt... 15% Snider Packing._ ... 11 Soccay-Vac (30¢).-.. 28% 20 Sou Porto R Sug(2) 10% South Cal E4 (1%)- 12% Southern Pacifio--. 5% Southern Rul-ly.. 7 Southern Rwy pf- 59% Spang Chalf pf 33 3% Sparks-Withington. T% Sperry vte (a2be)-. 83% Spicer Mfg pf (3) 43% Spiegel-May-Stern. 13% Stand Brands (80 2} Stand Com Tobaceo. 1% Btand Gas & Elec-.. 1% Stand G& E $4 pf__ 4% StandG&E$6 pf__ 6 Stand G & E 37 pf__ 27% Stand O of Cal (1) 23 Stand Oil of Ind (1) 238 Stand Ofl of Kan_._ 35% Stand OIIN J (11). 123% Starrett (L 8) (1) 58% Sterling Prod (3.80) 1% Sterling Secur (A)_ 2% Studebaker Corp... 11 Superheater (50c).. 1% Superior OIl.. 5 Superior Steel___... 14% Swift & Co (t50e) .. 1% Symington (A)(d)-. vunalsammine 6% Telautograph (60¢). 16% Texas Corp (1).._. 28% Texas Gulf Sul (2). 14 Texas&PacRR__. 3% Tex Pac Coal & Oil_ 8% Tex Pac Land Trust 13% Thompson Products 1% Thompson Starrett. T% Tide Wat Asso Oil.. 4% Timken-Detroit_ ... 28% Timken R B (f1)... 4% Transamerica(30c). 1% Tri-Contl Corp ... 4% Truax-Tra Coal . 3% Truscon Steel. 15% 13 20th Century Fox_.. 27% 18 TwinCity RTpr__. —— 50% 29 Union Bag&Pap (2) 66% 44 UnCarb& C (1.60) 20% 111% 26% 20% Un Tank Car 19% 9% United Aircraft 8% 4% United Alr Line - FARM PROSPECTS VASTLY IMPROVED NHEANGOAONBORHEN 4 Conditions in Fifth Reserve District Are Reported Best in Years. By the Associated Press. RICHMOND, Va., August 31.—Agri- cultural prospects in the fifth Federal Reserve Bank district are the best for and total yields, and present prices in- dicate that farmers will have materi- ally increased purchasing power in the Fall to support general business, the monthly review of the Federal Reserve Bank here announced today. Average Ceonditions. ‘With average August 1 conditions for 32 leading crops during the 10 years 1921-1930 as a base, or 100, average condition figures on August 1, 1935, for the fifth district States were: South Carolina, 1259, the highest average of any State in the Union; West Virginia, 112.4; North Carolina, 111.6; Virginia, 110.5 and eryll.nd, 107.5. Business in most lines in July and early August were either up to or above seasonal level, the review said. Rediscounts at the Richmond bank failed to increase with the opening of the marketing season, member banks without assistance. Debits to individual bank accounts in five weeks ended August 15 were 9 per cent above the aggregate of the year before, Employment improved, and building permits in July exceeded nearly 99 per cent. A distinct increase class was noted in many cities. ‘General Improvement. Textile mills stepped up production [ somewhat, consuming more cotton than in June, 935, or July, 1934. time and probably set a record for output. the tobacco belts of several States with what were termed satisfactory prices. Coal ou: ut declined more than sea- | Lt sonally because of abnormally large reserve stocks held'by consumers. Retail trade in department stores in July was 16 per cent better than in the same month of 1934, and wholesale | Mid WU trade in groceries, hardware and drugs ‘was higher, though lower in drygoods | M: shoes. and HUDSON MOTOR REPORTS | x: LARGE GAINS IN CASH & Special Dispatch to The Star. NEW YORK, August 31.—Substan- tial improvement in the cash and working capital position of the Hudson NY & Motor Car Co. is shown in the com- pany’s consolidated statement of assets Nor T and lisbilities as of June 30, 1935. RAIL EQUIPMENT BOUGHT ‘BIRMINGHAM, Ala., August 31 (). Seal & number of years in both per acre| Cedar being in position to handle the crops | particularly in private construction, | G; in valuation those of July, 1934, by | Guar in residential building of the better | He Tobacco manufacturers operated full | {oter F i Markets opened in | gans Net. Mlm Low. Close. Onge. | High. 15%+“ 6 + % lo\(f!fi Bl +1 20% +1 1% + % 24 21% 18% + % M+ W 12% + % 20 flfldfldfldfld 5 4,US8 % WU%US 3 S Real % US 2% 24% 4% 95 12% 27% MU+ % 61% — % 13% + % 4% 87% United Gas I pf (5). 8 Distribating pf. & For'n Secur..., 8 Leather A vte_. % 3% U B llnl 123 B rea 3% United Stores (A) . Rad FINANCIAL, nmc-m A“Ofl.m Low. MM l% United Corp—.———. 77 4% 16 ‘0% ”\fi 00% +1% 1 104% 1041 lfll% % ’70; 14% 13% 10% 4+ % 5%~ 13% + % 3 4+ % 985% —1 43 44 43% 43% + % 110 108% 110 +1% 5 % % 1% — % 0% 3 2 1 5 2 3 4 UHIPw& Lt (A) - 1% 1% Vadsco Sales Corp-. 21% 11% Vanadium Corp.... 27% 110 82% 3% 2 36 WestPa FOFE R FFEE BEF 65% 76 35% 5% FE OEFRE FEEFFEL &3 deglarations. s Unit of tradin lus extra. 3 Accumul st year. d Com reorganized. x Ex Cent Pw & Lt 5s Cent_Sta ‘Elec 5s '48_ Cn 5'28 C ' uu. A5% uu”. - m;i. 883, 683 Pirestone Tire Bs Florida bs "46__ l'l fl"’ 85,4871 11 21 A '58 861 943% 107 4 15% 06% 863 86l 94 15% 15% ~106% 106 =104 7104 104 9: 9 %3 106% 1087 1067 107% 1»'\Z 107'2 101% 100'6 lflflfi 2 R'f‘!% 8614 HR‘& i 3& i3 : 105 1058 105 pin, e - 105 ls.')‘h 105% 8ia 8% JM 104 104 10 105% lg?"i (54 ppR 2an, i e LE2 g, 8 G INE . & G 5 g o i ) £ :EEE” g;ge A Nl f";”%» % SFE R n:?vg" ¥ % iR = Q, o S %200 e ‘w3 v 5258 R32R f i ) [ ) £t ] 2RSS 4 !32"!‘ - ot 2 A %, geagd <mr5m##fl§g & - O SO ~¥ 3 NS g;gs;asa, 3332328322 T 8s8tansissavenezesesiern 82=8ss E Segs s W §§§§=sssa FFE - ™ ] mk&!fi“; SRRANRERS SRESE s 5 i 17% Va-Car Chem 6% V‘ 85 Va-CrCh7% pf(7)- 26% Walgreen Co (1.49. 1% Walworth Co.. 1% Ward Baking 2% Warner Bros Ple. 14% Warner Br 23 Warren B 20% Warren Fdy! 4 Webster Eisenlohr_. 30% Wesson O&S (150c). 5% Western Maryland... 2% Western Pac pf (d).. 20% Western Union. 18 West'gh'se A B 60c.. 32% Westinghse El a50c. 10 Weston Elec Inst... 14% Wheeling Steel_. 6% White Motor_.. 1% White Blwlng ch.. 3% Wilson & Co (a25¢). 58 Wilson & Co pf (6). 51 Woolworth (2.40) . 6% 2% Yellow Truck. ... 31% Yellow Truck pf. 18 Young Sp& W (11). 28% 13 YoungstownS& T.. 1% Zenith Radlo.... 4% 2% Zonite Products.. Approximate Sales of Stocks on the N. Y. Stock Exchange. 5 00 share: lated dividends. 2 | By the Associated Press. | creased 4.1 per cent over June and | | were 10.6 per cent higher than a year 22 23% noo 100 100 +2% 2 29% m 29% - % 2% 2% 1% 1% 1% 5% 6% 5%+ % l’!fi 41% +1% 12 Elec pf (6) 20s 2 3 2 19 - % 70 70 +1% 8% 84 4% 4% 45% .46% +1% 25% 25% — % 65% 66k + % 17% 17% + % 28% 24 + % 10%e11 + % 2%'s 61% 61% + % M 6 —%| % ® ~1 344 34% +1% 26% 26% + % 5 5 +% 3% 44U+ h S mmwormatee Lo 1 B TN 5 = 170,000 12:00 Noon. .. 490,000 given n the above table are the annual on the latest mumrb or half-yearly less than 1 ual raf ear. > or - Plld nm b l’lw in receiver: being . nm repo! end. AGTIVITY MOUNTS IN'SIXTH DISTRICT July Statistics Show Gain Over Both June and Same 1934 Month. ATLANTA, August 31.—Graphs and statistics in the monthly review of the Tederal Reserve Bank show that July was industrially bright in the sixth Federal Reserve district. The review shows that July regis- tered increases over June this year and July last in wholesale trade vol- ume, in building activity, in cotton consumption and in debits to individ- ual accounts. Instead of the usual June to July seasonal decline of 22.2 per cent in department store sales, this year charted only a 15.4 per cent decrease. This cla:s of business wis 11.8 per | cent greater in volume than in July, 1934. Production of coal and iron in the d:_‘rict were the only declines noted | from 1934 figures. Building permits issued during July at 20 reporting cities increased only | slightly over June, but wers two and | 2 half times as great as in July, 1934. Construction contracts awarded in t: (’strict as a whole rose 40.9 per cent from June to July and were 64.6 per cent greater in value than a year *Detits to individual sccounts st banks in 26 reporting centers in-| ago. Cotton mills reporting in the dis- trict showed lower . oduction volume of cloth and yarn in July than in June, but yarn production and ship- ment- increased substantially over July last year and there were in- creases in orders reported for both cloth and yarn from June to July, but employment declined. TR DEMAND FOR WOOL STILL ABOVE NORMAL By the Associated Press. BOSTON, August 31.—The Com- mercial Bulletin today states: “The demand of wool continues above a normal average in volume. a fair demand for medium wools, but the bulk of the business is in fine and fine medium territory and Texas descriptions at fully firm prices. “Scoured wools are rather slow, but are steady on the lower level of values recently noted. Wool by-products move steadily at steady to firm rates. Mohair is in light supply and very stronx. “Western operations are spotty, with prices ruling firm. A fairly optimistic tone is apparent in the piece goods markets. There is | 15t 3 RULES IN MARKET 1%+ % Trading Moves Listlessiy, With Close Steady to Firm. STOCK AV ERAGES :w 15 18 60 us. Rails. Util. mn'. Net change. 54 +3 14 & Today, close 65.1 252 48.0 250 411 252 258 276 185 430 -- 453 228 175 8.7 . 1929 high...146.9 153.9 184.3 157. K] 1927 low.... 51.6 95.3 618 6138 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, August 31.—The stock market today moved listlessly through the last session of the month, but many issues ended with an upward slant. The utilities m specialties lifted their heads along with some of the leaders. Preholiday apathy marked dealings throughout. The close was steady to firm. Transfers approximated 450,000 shares, one of the smallest volumes in more than a month. Commission Houses Lifeless. Commission houses generally showed little life in view of the fact that scores of customers had started their Labor ddy recess yesterday. Those who appeared to scan the ticker tape, how- ever, were more inclined to buy than sell. There was some scattered profit taking, here and there, which was ab- sorbed without any especial dis- turbance. Washington stimulation seemed to be absent and the European war sit- uation and still viewed as a negative influence. Market commentators were somewhat cautious in their forecasts, although bullish opinions for the long pull predomirated. Commodities were not altogether in accord. Wheat rallied briskly, but cotton was a bit backward most of the time. U. 8. Government securi- ties slipped moderately and corpora- tion loans were mixed. Foreign ex- changes were quiet, affording no clue to_equity trends. Shares of Case and Columbia Pic- tures were run up about 2 points each. Other gainers of fractions to around a point included Paramount Pictures, International Harvester, Deere, U. B. Steel, American Telephone, Columbia Gas, Standard Gas, American Water Works, General Motors, Schenley, Du Pont, Cerro de Pasco, American Can, Socony-Vacuum, Briggs Mfg., Santa Fe and N. Y. Central. The rails edged a shade in either direction. Ethiopian Deal Discussed. Advices from Ethiopia that Anglo- American interests had secured im- portant oil and mineral concessions in the empire were discussed with much interest in the financial sec- tor, but petroleum stocks, on the whole, were not stimulated unduly. Analysts noted another decline in automobile production for this week, the total being estimated by Cram’s at 49,115 units against 50,585 last week and 32,586 a year ago. Eight plants, however, were closed in prepa- ration for the assembling of new models which is expected to start within the next 30 days. It was also said that retail sales of cars throughout the country were slowing down in anticipation of the new 1936 designs. ‘The Associated Press weekly index of industrial activity sagged slightly below seasonal expectations during the week. In addition to the drop in motor output, there were reces- sions in steel mill operations, cotton manufacturing and freight loadings. Residential building and electric power production, at the same time, rose to high marks for the year. 106 Tons Pig Lead Sold. NEW YORK, August 31 (#).—The ~ St. Joseph Lead Co. Yeports that 100 tons of pig lead from Southeast Mis- sourl mines were sold yesterday at $4.20 per 100 pounds St. Louis. e CHICAGO LIVE STOCK. CHICAGO. August 31 (#).—(United Bv.uel: Department of ucncuuum = - in: higher: ac Ui between grade medium weiEht and heayy ‘sicers. but, comparable veaslings scaling 950 pounds upward closed P oS A e Grade steers. including native and Western grlsstrl soing on killer account. fully 25 igher. this market Supj 5 part Sy continued active even if sl ’ lower stock. E7'and Jeeder trade. all neifers 2550 common an dium e cows very dri 35-50 lower in steady. active vealers scarce flgle llefl'l higher. af ; ve tana, killers. J8.96 Des stockers top 1580 Hight heitere” 11- .‘5 melmneu 8500 Northwestern T eirarly §.000 stocker and fecder cattle went back to country about 3.00 “Foreign markets are marking time, pending the opening of the new sea- son in Australia next Monday.” CANNED F00DS ACTIVE. NEW YORK, August 31 (P).—With large distributors making preparations | lis for their Fall selling campaigns to start after Labor day, buying picked | 1 up sharply this week in various divi- slons of the canned foods market, ac- cording to trade reports. 5 CHICAGO STOCK MARKET |2 e, m"%‘ ust 31 () —Pollos s Rl et g€ Srapeestions lgh. la'. Close. l% 1& H ) ,z.,..m 2 824 Bt 323580 g?%g B o) $52y i} R 1 S ...zaasgs ont Ot higher ths *5.000; for week ended Friday. Teeding oice light- solid-mouthed 2 and 3 year lgludlnu 2.000 direct; to_ 10 _low: ewes. old nnn ewe- Hogs, 500 - —OFFICES— SAUL BUILDING 925 15th ST. N.W. Tdeal location. opposite McPher- son Square; elevator building well kept and under constant super- 923 15th ST. N.W. ELEVATOR SERVICE 1621 CONN. AVE. N.W, 3 rooms, sultable for professional Durposes; elevator service. RENT—$65.00 —STORE—" 1616 K ST. N.W. Ground floor, hest furnished; ‘spproximately 1,100 square feet. RENT—800 B. F. SAUL 00. 25358 R 8aE8 38 s R F k National 100, 925 15th St N.W, B