Evening Star Newspaper, September 6, 1935, Page 18

'A—18 wxx JUNIOR BANKERS TR AN PM 1938 - TOHEAR STOMIER £ Education Director Will Ad- . dress Fall Meeting Here Next Week. BY EDWARD C. STONE. © Harold Stonier, national educational ctor of the American Institute of nking, will be the chief speaker at the annual educational dinner of twashington Chapter next Thursday evening at the Raleigh Hotel, it was announced Roday. Full plans for this year's chapter work will be outlined to the officers, govern- ors, committee chairmen, educa- tional and mem- bership commit- tees and board of counsels. s Dr. Stonier, formerly vice president of the University of- Southern California, has served in his present capacity for eight years. He is well known to local bankers, having addressed Washing- ton Chapter on numerous occasions. Other speakers will be Charles H. Poing, president of the District of Columbia Bankers' Association; Ray- mond B. Dickey, dean of the local faculty, and J. Earle McGeary, Paul J. Seltzer and B. Bruce Frantz, offl- cers of the chapter, will talk about the | program for the year. Edward M. Blaiklock, chairman of the Educa- tional Committee, will preside at the | meeting. Loans and Discounts Lower. , Agent William W. Hoxton of the | Federal Reserve Bank of Richmond, yeports that during the year between August 15, 1934, and August 14, 1935, the 28 reporting banks reduced their Joans and discounts by $19,395,000, Joans on securities falling by $7,343,000 ‘and all other loans decreasing by $12,- 052,000. On the other hand, investments In! securities, chiefly Government issues, rose by $18,826,000. Reserve balance of the reporting banks at the Federal Reserve Bank of Richmond rose $6.- 717,000 during the year, and cash in waults was higher by $674,000 or: the 2935 date. " Aggregate deposits rose by $24,558,~ 000 between the middle of August last year and this, of which $22,073,000 was in demand deposits and only $2,185,- 000 in time deposits. None of the re- | porting banks was borrowing on the | idates mentioned. In the fifth Reserve district the ‘bankruptcies in July, 1935, totaling 30, | were fewer than either 43 in June this | year or 61 in July last vear. Liabilities ast month followed an opposite trend | from those for the United States, | $601,923 involved in July failures ini the district exceeding $271,650 for | June, 1935, insolvencies, but falling far below $1,718,339 involved in July, 1934, failures, the Richmond Review | states. Real Estate Bonds Climb. Real estate bonds continued to ad- wance in market value during August, altiiough falling slightly behind the pace which has been typical of the month-by-month market movement of | this type of security since the first | of the year, it is shown by the Amott- | Baker realty bond price averages. / The average gain for the 200 Eastern tssues considered in the averages was | 1.4 per cent, as tompared with a 26! per cent advance for July. On an| eight-month basis, however, the ap- preciation is well ahead of the pace set in 1934, the gain being 24.8 per | cent, as compared to a 33.6 per cent advance for the entire 12 months of last year. | Housekeeping apartment issues u}uch | set the pace with a 4.3 per cent gain | in July were also the market leaders in August, the average appreciation | for the month being 2.7 per cent. i Clearings Lead U. S. Average. Bank clearings in Washington for the week ending September 4 scored # gain of 29.4 per cent over the cor- zesponding week last year, a better | gdvance than, that reported by any of the 22 Inrgest cities in the United States. The average gain for the whole country was 22.2 per cent. New York came next to Washington with # 26.7 per cent gain, while Detroit was third with a jump of 25.1 per cent. On account of Labor day, the records covered only five business days instead of six. Total cash subscriptions to the Treasury’s offering of $500,000,000 of 1Y, per cent notes were in excess of $1,270,000,000. Subscriptions in amounts up to and including $5,000 were alloted in full and those over 5,000 were alloted 40 per cent. Sub- scription books on the exchange offer- ing of notes and 2% per cent bonds for Fourth Liberty bonds will remain open until further notice. | Controller of the Currency J. F. T. ©O'Connor and Charles R. Gay, presi- dent of the New York Stock Exchange, are among the speakers who will Rddress the Financial Advertisers’ con- wention at Atlantic City. which opens next Monday for a three-day session: Financial District Gossip. Robert V. Fleming, president of the Riges National Bank, is taking a few ;leys vdcation at R/ehoboth Beach, 1 Frank P. Harmon, jr’, assistent v:ce resident of the Hamilton National ank, is enjoying his annual vacation, passing most of his time at Blue Ridge Summit. Lanier P. McLachlen, president of the McLachlen Banking Corp., is back in the city after a short business trip to Philadelphia. The Federal Reserve Bank of Richy mond reports that agricultural pros- pects in the fifth district are the best for a number of years in both per acre and total yields. Present prices indicate that farmers will have ma- terially increased purchasing power this Fall with which to support gen- eral business. More confidence and optimism is being expressed right now by Wash- ington bankers than has been voiced for many moons. They also cite many statistics to back up their more cheerful views. With present stock market activities and higher prices local brokers are naturally #feeling’ much better.” D. C. Market Session Tomorrow. ‘The Washington Stock Exchange will resume the first Fall Saturday session tomorrow after being, closed for week ends all Summer. Trading on the Exchange today was light. It opened with $1,000 sale in ‘Washington Market Cold Starsge 5s 8t 97%. Capital Transit stock figured in one small lot transfer at 17, un- changed from other recent sales. tomac Electric Power 5!, per cent preferred uw!ld at 112%, Harold Stonier. 13% 149‘6 1% 0! FINANCIAL mm Low. Dividend Rate. 32 Abr & Strauss (11). 51 Acme Steel (13) . 4% Adams Express__.. 28 Adams Millis (3)__. 8 Addressog’h(al5c). 41 Advance Rumely-.. 6% Afliated Pro (60c). 104% Air Reduction (+3). % Alr-Way Elec Appl. 14 15% Alaska Jun (1680c) 314 2% 814 1 165 30% 65% 381 128% 146% 168 1% Albany Wrap Paper % Alleg Corp (d) 2% Alleg pf wi30w (d). 1% Alleg f xw (d) ... 21 Allegheny Stl (1)... 125 Allied Chem (6) ... 314 Allled Stores 49 Allled Stores pf (5) 12 Allis Chalmers - 14 Alpha Port Cmt (1). 2% Amal Leather 48'5 Amerada Corp (2) 41% Am Ag Ch(Del)(3). 13% Am Bank Note - 43 Am Bk Note pf (3). 21 Am Brk Shoe (1) . 119 Am Brk Shoe pf (7 110 AmCan (t4) 151% Am Can pf (7) 25%10 Am Car & Foundry_ 57% 1% 20% 58 245 98, 91, 24% 115t 9y 41 491, 18% 25% 125 264 47y 17% 20% 106 43 0 142 1224 6 117 21 19% 50 391 1033 26% 14 12 16'% 5974 47% 26% 497 ™ 140, 45% 45% 361y 46% 100 3y 1y 674 8la 15 91t 6 49'3 614 «19% 10% 2% 1% 9% 206 19% 25% Am Car & Fdry pf_. 8 Am Chatn e 38 Am Chainpf . 22'; Am Comcl Alcol 6'> Am Crystal Su:ll‘ woo,lm. Net, Close. Chge. 46% + % +2% Low, 46 57% 8l 30% 46% 59% 8% 30% 12% 12% 13% 13% % T 142 1 708 8 37 16% 1% 6 108 3 62 57% Am Cryst S pf (a3) 100s 72 % Am Encaustic (d).. 2% Am European See._. 2 Am & Foreizn Pwr 12 Am& For Pw 36 pt 14 Am & For Pw $7ptf. 475 Am & For Pw 2d pf. 24 Am Hide & Leather. 29'4 Am Home Pr (2.40). 2% Am Ice 20 Am Ice pf (8) 415 Am International _ 1% Am La Fran pf (d). « 9 Am Locomotive 32 Am Locomotive pf_ 18': Am Mch & Fv (80c) 44 Am Mch & Metals _ 4'; Am Mch & Met vte_ 13'; Am Metal 72 Am Metal pf (32)__ 114 Am Power & Light_ 8% Am Pw & Lt 85 pf._ 10% Am Pw & Lt $6 pf. 10'; Am Radiator 15% Am Rolling Mill 413 Am Seating vtc 20 Am Shipbldg (2) 31% Am Smelt & Ref 103 AmS&R 6%pf $13% 12 Am Steel Foundry 88 Am Stl Fdry pf (2). 3316 Am Stores (12) ____. 51% Am Sugar (2) 18%: Am Sumat Tob (1) 987 Am Tel & Tel (9)... 7215 Am Tobacco (5) ... 74% Am Tobacco B (5) . 2z Am Type Fdrs (d).. 9 Am TvpeF pf (4).. 2608 7ih Am Water Works . 48 Am Wat W 1st ts). 4% Am Woolen . _ 35% Am Woolen pf 4 2% Am Writ Pap pf (d) 3 Am Zinc & Lead_ 8 Anaconda Copper-. 16'+ Anaconda Wire_ 12'3 Anchor Cap (60c) .. 36 Archer Dan M (t1)_ 117 Archer Dan pf (7). 3% Armour of Illinois 5515 Arm'r(Il1)pr pf (6) 16!z Armstrong Cork 500 4 Arnold Constabl 3% Artloom Corp 7> Asso Dry Goods __ 807« Asso DG 1st pf(39). 35% Atch To&S Fe (a2). 66% Atch To&S F pf(5).- 191; Atiantic Coast Line. 21% Atlantic Ref (1) ... 32% Atlas Powder (2)... 2% Aviation Corp( 1’3 Baldwin Loco (d) . 7% Baldwin Loco pf (d) 714 Baltimore & Ohio . 9% Baltimore & Oh pf... 36% Bang & Aroos (2%). 31 Barker Brothers _ 22 Barker Brothers pf. 160s 57 Barnsdall Corp 371 Bayuk Cigar (1) __. 11% Belding-Hem (a1) . 85 Belg Nat pt p£(7.02) 117% Bendix Aviation 15% Beneficial Lo (1%). 34 Best&Co(2). 215 Bethlehem Steel 55% Beth Steel pf(al1%) 14% Bigelow-San Corp .- | 9% Blaw-Knox 103% Bloomingdale pf(7) 6l Boelng Afrplane 29% Bohn Alum &Br (3) 21 Borden Co (1.60) 2814 Borg-Warner (2) ._. 3% Boston & Maine 813 Bridgep't Brass 40¢c 241: Briggs Mfg (2) 's Brigegs & Strat (3)_. 303, Bristol-Myers (+2)_ 36'2 Bklyn-Man Tr (3) 90 Bklyn-Man T pf(6 1% Bklyn & Queens 43 Bklyn Union Gas 3% Brunswick-Balke__. 4% Bucyrus E: 814 Bucyrus Erle cv pf_. 62% Bucyrus Erie pf (2) 3% Budd(EG)Mfg. .. 23 Budd(E G)Mfg pf_. 214 Budd Wheel. 8% Bullard Co .. 3% Bulova Watch % Burns Bros(A)(d)_. % Burns Bro B (d) .. 3 Burns Bro pt (d) 13% Burr Add Mch(60c) 1'% Butte Copper&Zinc % Butterick Co (d) 11% Byers (A M) 32 Byers (A M) pf_ 304 California Pkg(1%) 214 Calumet & Hecla . 7% Campbell-Wy a40c. 8% Can Dry G A (40¢)_ 9% Canadian Pacific__. 30 Cannon Mills (2)__. 4% Capital Admin (A). 8214 Cap Adm pf A (3) 85 Car Clin&O sta (5) 45% Case (J 1) Co 3§ 4 Case (J I) pf (4) 362 Caterpillar Tr (. 191% Celanese Corp . 1% Celotex Co (d) . 11% Celotex Co pf (d) . 22% Cent Aguire (1%) .. 34 Central RROfNJ. 3854 Cerro de Pasco «4) 3% Certain-teed Prod 23 Jertain-teed Pr pf 374% Ches & Ohio (2.30) 36 Chesapeake Corp(3) 5 Chi & Grt West (d). 1% Chi & Grt W pf «d). 15% Chi Mall Order (11) % Chi Mil StP&P «d). % Chi M StP&P of (d) 1% Chi&NW ) 3% Chi& N W pf (d)... 4% Chi Pueumatic Tool 20 Chi Pneu Tool pf.__ % Chi R 1&Pac (d) ._. 1% Chi R I&P 7% pf(d) 25% Chickasha C O (2). x 31 Childs Co 31 Chrysler Corp (t1). 16 City Ice & Fuel (2). 8415 City Ice&F pf(6%). 12% Clark Equip (80¢) ... 275 Clev Graph Br (t1). 161% Coca-Cola (3) . ... 15% Colgate-P-P (50c) _. 105% 101 Colgate-P-P pt (6). 28% 9 Collins & Afkman.. 69% Collins & Afk pf (1) 1 Colo Fuel & Ir (d).. 5 ColoF&lipfd) .. 7 Colo & Sou 1st pf—. 3% Col Gas & Blec ... 35% ColG & Epf A (6).. 341 Colum Pie vte (11). 67 Colum Carbon (4) . 39% Comcl Credit (2%)- 56% Comel Inv Tr(12.80) 97% Comel In T pf(4%)- 17% Comel Solv 1160c)... 27 Congoleum-N(1. 23% Conn Ry&Lt (4% 41 Conn REL pf (43).- 7 Consol Cigar 5 71 ConC pr of ww 63 62 Consol Cigar pf (7). 3% Consol Film 14% Cons Film pf(31%). 15% ConsolGas N ¥ W1). 42 Bon Ami (B) (t2)_. 100s 19 AmCrysS1stpf 6 200s Bt FFsEs 1 108 5 10 6 39 6 1 1 82 1 0 11 I+ +11+4+ ++ 1 10s 47 13 30 16 11 25 3 140 20 2 1 13 1 54 - o SREEER 181y 384 100 20'% 13% 4 10813 § 15 47 431 48% 7 20% 13% 108y 15% R R S T e 22 508 41 11 & ¥ 26 2 78 2 ® @ 1 S o o HABNEE qounenZne 308 108 122 78% 7T5% 808 112 110% 41 54 27% 33% l “::: MO% Ml)% -l'/a l 104 lN IM +19i 8% 2% Prev. 1935 aigh. 80% 40% Cuban-Am Sug pf.. 19 13 122% 115 104 Duqu 8 152 110! Eastman Kod (5§).. 24% 78, 29 112 107 Elec Auto L pf (7). 9% T 28 32 494 1% 7% 41 103 Duplan Silk pf (8).. 60) Low. Mm-l 724 Consol Gas pf (5).. 1% Consol Laundries.. 6% Consol Oil (a26¢)-—. 4% Contl Baking (A)... % Contl Baking (B)... 46% Contl Baking pf (4) 62% Contl Can (3.40) 7 Contl Dia F' (ab5c) . 28% Contl ln-ur (11.20). % Contl Mot 15% Contl O Dol(uflfid) 41% Corn Ex Bk&Tr (3) 62 Corn Prod Ref (3).. 4'4 Coty Ine. —eooee. 85% Cream of Wh (42).. 1214 Crosley Rad (a25c). 23% Crown C&S (1) . 431 Crown C&S pf(2.70) 3% Crown Zelleb'k vto. 14 Crucible Steel ... 4% crneltélo Steel pf.... 5% Cuban-Am Sugar... lao- 39% Cudahy Pkg (23).. 15 Curtis Publishing__. 89% Curtis Pub of (7)... 2 Curtiss Wright..... 6% Curtiss Wright (A) 16 Cutler Hammer- 22% De: & Co 19 Deere&co flf (376¢). 2313 Delaware & Hudson 2% 2% Th 65 Detroit Edison (. 35's Devoe & R (11) A__ 2615 Diamond Mtch t13% . 34% Diam Mat pf (t13%) 34'x Dome Mines (12) 17% Douglas Alr (a75c).x 73 12% DuplanSilk (1) .. 3 208 86% Du Pont (13, 26 Lt 1st(5) Roll Mills. 108 n 20 64 1 271 1108 114% % 161% 26 6% 6% 29% 28% 111% 111 85 5% 22y 2% 114% % 149, 24% 3% East: 16% Eaton Mfg (t1) 3% Eitington-Schild 19% Electric Auto Lite_. 3% Electric Boat____.. 1% Elec Pw & Lt _ 24 Elec Pw & Lt 36 pf- 3 Elec Pw& Lt §7 pf. 39 Elec Stor Bat (2%) x % Elk Horn C pf (d) . 1% Engineers Pub Sve_ 14 Eng Pub Sve $6 pf__ 14% Eng P 8 $5.50 pf ww 15'3 Eng Pub Sve $6 pf_. 4! Equip Office Bldg ... TAEMeRR .. occaae 8 ErfeRR 1stpf ... 6% Erle RR2dpf. ... 10% Eureka Vac C (80¢) 15 Evans Products(1)_ 2 Exchange Buffet % Fairbanks Co_ 4 Fairbanks Co p! 17 Fairbanks Morse. 71'; Fairbanks M pf 5% Fed Lt & Tr_ 48 FedLt&Tr 33 Fed Motor T (al0c. 2 Fed Screw Works_ Fed Water Svc (A). 16'4 Fed’'d D Strs (160c). 28!3 Fid Ph F In (11.20). 1314 Firestone (40c) 8413 Firestone pf A (§)_. 614 24 45 Snoalacasnna % 45% First Nat Strs (2%) 33% 60 281 2% 10% 10 100 44 20% 12Y; - 2% Follansbee Bros(d) 20" Food Mach! (1) 97s Foster- Wh o 603 Foster-Wheeler pf 19% Four Nat Iww al.10 30% Frank Sim pf $3% _ 17'% Freeport-Texas (1) % Gabriel Co (A)... 7 Gamewell Co___. 513 Gen Am Investors _ 84% Gen Am I pf ww(6). 32% Gen Am Trans(1%) 11% Gen Asphalt ____ 7% Gen Baking (60c).. 146 115 Gen Baking pf (8).. 8% 6 15% 49 33 37 1% 61% 0% 107's Gen Motors pf (5 5% Gen Bronze...oceen 2 Gen Cable. 4 GenCable (A)._— 19 GenCablepf. ... 20' Gen Electric (60¢)... 324 Gen Foods (1.80) ... % Gen Gas & El (A) _ 43 Gen Ital Ed (a3.85). 5972 Gen Mills (3) 26% Gen Motors (12) 8 454 44 117% 117 3 3 36 35 106'3 106's 34 32% 2 24% 36 3 Gen Outdoor Adv.. 175, Gen Print Ink(1.60) 9312 Gen Print Ink pf(6) 1% Gen Public Service.. 15% Gen Ry Signal (1).. % Gen Realty & Util.. 16% Gen Refractorie: 14 Gen Stl Casting pf_. 12 Gillett Saf Ras (1) 70': Gillett Saf R pf (6). 2'% Gimbel Bros 109% 104% Glidden Co pr pf (7) 4% 12 96 108 101 247 124 109 P an 117% &5 128 122 Hercules Pw pf (7) 15% 11 42 21% 17% 3% 56 5% 12% 3% 1'% Gobel (Adolf) (d).. 14% Gold Dust (1.20) 7!z Goodrich (B F) 40 Goodrich (B F) Df-. 15% Goodyear T&R —__.. 70 Goodyear $7 pf (4)_ 233 Gotham Silk Hose.. 1% Graham-Paige..... 5% Granby Consol.... 2% Grand Union ... 14%, Grand Un pf (1%).. 181 Granite City 8tl (1) 1% Granite City Stl rts_ 204 Greyhound Corp 1 Guantanamo Suj 19 Guantanamo Sug pf 12 Gulf States Steel... 63 Hamilton Watch_.. 63 Hamilton Watch pf Hanna (M A)pf(7). 16 Harbison Walk (1). 5% Hat Corp of Amer.. Hat Co pf ww (6%) 1% Hayes Body . 85 Hazel Atlas Gl (6)_. 11 Hercules Mot (60¢c) 71 Hercules Pw (13)__ 96 105 24% 12% 87 L&‘A 24% 5% Holland Furnace. . 6% Holland & Son (60¢) 30% Houd-Hersh (2%) A 615 Houdaille-Hersh B. 9% Houston Oil 1% Houston Oil (new).. 43 Howe Sound (3).... 2% Hudson & Manhat__ 6% Hudson Motor Car. % Hupp Motors B 1% 23% 57% 33 9% 0% 5 21% 8% 9% Illinots Centra 15 Illinois Central pf. 40 1l Cent lse lines(4) 23'; Indus Rayon (1.6 60% Lngersoll-Rand 46% Inland Steel (12)_ - 214 Inspiration Copper. 8% Interboro R T (d)_— 4% Interlake Lron.. 2% Int Agricultural 5 - 1847% 149% Int Bus Mach (16)_. % 33 8% Int Car'rs Ltd (20¢) 22% Int Cement (1) 3 34% Int Harvester 60¢c).. 1% Lot Hydro Blec (A). 1% lut Merch Marine _. vs 22% Int Nick Can)(30c.. 13 Int Paper & Pw (A). % Int Paper & Pw (C). 4% Int Paper & Pw pf_ 21% Int Print Ilnk (1)... 98% Int Print Ink pf (6) 2% Int Ry CA(A)ctfs.. 9% Int Ry CApfoeee_. 29 IntSalt (13)eceeae 42% Int 8hoe (2) e 16 IntSilver..... 11% 26% 26% 104 104 2% 2% 4 14 5% 60% Int Silver pf (4)..—. 13% 36 67 0 824% 5% Int Tel & 8% Intersttae Dlv stra. 614 Intertype (a20e) ... 25 island Creek C (3).. 49 Jowel Tea (3) - 38% Johns-Manv (a80c) 50 Jones&Laugh?%pf Kinney (G R) Co__.. Kinney (G R) Co pf. Kreage Dept Btrs... 82 80- 126% 126% 126% 23 16% 15 18% % 20 105 lNk 106 + % LTS HEELHELE 41 FE pEFE2sE 1 29'% 111% 8% - - FRESER FN FEIE £ ¥ Attt A+ A IEL I+ < I+4++4+++41 110" 110" 110 +2 25% +1% 824 — % 16% + % 9 e 40% + % 22 +1 18% - 3 4T%h + & * 12% + 1% = 11% + 26% +1 104 2% — % 14 +1% "' 19% Kresge (88) (1)... 223 Kroger G&B (1.60).. 22% Lambert Co (3).-_- 8% Lee Rub&Tire (50c) 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf.. 5 Lehigh Valley R R.. 67% Lehman C (12.40) . 6% Libby McNeill & L. 2135 Lib-O-Ford G1(1.20) 21 Life Saver (1. 93% Ligg & Myers (+4)B 16% Lily Tulip Cup(1%) 134 Lima Locomotive.. 17% Link Belt (80¢) ... g‘% Liquid Carb (n)__ 1% Long Bell Lum A). Lorillard P (11.20) . 18% l“% 124 Lorillard P pf (7). 1% % La Ofl Ref (d) ... 14% 4% La Ofl Ref pf (d).... 22% 10% Louisv G&EpfA 1%. 47% 34 Louis&Nash(a2%). 24% 12% Ludlum Steel ... 124% 90% Ludlum Stl of (6%) 34% 305 185 162! 1400 14% 688 207y TT% 1% 12% 31% 61 921 100 43 1% 191 4t 24% 538 9T 21 44 14'% 21% 8 815 22 171y 841y 104 28 McCallCorp (2) T4 McCrory Stores (d). 613 McCrory Strs B (d). 36% McIntyre Porcu (2) 90% McKeesport T P (4) 5% McKesson & Rob___ 32 McKesson & Rob pf 85 McLellan Stores 18% Mack Truck (1) 301 Macy (R H)& Co(2) 5% Mad'n Sq Garalbe.. 18% Magma Copper (2) . 7 Manati Sugar (d) __ 4 Manat! Sug pf (d).. 29 Man Elev gtd (d) ... 13% Man El md gtd (d) . 10 Manhat Shirt (60c). 5% Marine Mid1d (40c). 3% Market St Ry pr pf_ 20 Marlin-Rockwell(2) 6% Marshall Fleld & Co 4 Martin Parry 23% Mathieson Alk(13%)x 35’71 May Dept Str (1.60) 'a MaytagCo_. 33 Maytag ww ($3%)_. 8415 Maytag 1st pf (6)._ 41 Melville Shoe (2%). 3 Mengel Co ___ 20% Mengel Co pf 22 Merch&M Tr (1.60). 24' Mesta Machine (2). 213 Miami Copper ____ 913 Mid-Cont Pet(al5c) 8% Midland Steel Prod. 601x Midl'd Stl 1st pf(8) 3% Minn Moline Pw___. 31 Minn Moline Pw pf. 10% Mission Corp 2% Mo Kans & Te: 5% Mo Ka & Tex 1% Mo Paeific pf (d) _. 10% Mohawk C M (a25¢) 55 Monsanto Chem(t1) 21% Montgomery Ward. 17'4 Motor Products (2). T's Motor Wheel (80c) 9% Mullins Mfg (A)___ 9% Mullins Mfg (B) . Mullins Mfg (new). 4 14 NashvChat&StL._. 1 4'; Nat Acme Co. 6% Nat Aviation_ 22'% Nat Biscuit (1.60).. 1313 Nat Cash Rg A(50¢c) 12% Nat Dairy Pr (1.20) 1l4 Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 2315 Nat Distiliers (2)__ 145 Nat Lead (5) . 2150 Nat Lead pf (7) A 2 121% Nat Lead pf (6) B__ 4'» Nat Pw & Lt (80c). 40% Nat Steel (11)._ 9 Nat Supply Co 36 Nat Supply Copf.. 814 Nat Tea (60c) ___ 73 Natomas Co (80c).. 21% Neisner Bros (11)__ 4313 Newberry J J(1.60) 4% Newport Industries 1813 N Y Airbrake __ 124 NYCentralRR_ 6 NY Chicago & St L. "GN xcmnsu.pt. % N Y Investors (d) .. 2% N Y N H & Hartford 6 N YN H & Hartf pf 2% N Y Ontario & West W NY Rwyspf (d)___ 6's N Y Shipbuilding_. 69 N Y Steam pf (6).. 79 N Y Steam 1st (7). 30% Noranda Mines (2) % Norfolk Southn (d). 158 Norfolk & W (18) 2 North Am Aviation 9 North Am Co (1) 35'5 North Am Co pf (3) 57 North Am Ed pf (6) 13'« Northern Pacific 2 357 Northwest Tel (3)_ 9% Ohio Of) (a15¢c) 16% Oliv Farm Bq(new) 31 Omnibus Corp 4% Oppenheim Collins 11'» Otis Elevator tSl)C) 4% Otis Steel ___ 22% Otis Steel pr pf. 80 Owens-Ill Gl — 17% 14 Pac-Amer Fisheries 28% 13% PacificG&E (1) 44% 19 Pacific Ltg (2.40) .. 21 12 Pacific Mills__ 134% 111 Pacific T & T pf (6). 11% 5% 10% 938, 6% Pac Wn Oil (b40e).. 31 Packard Motors.__. 8 Param’t Pic (new) 84 Param’t Pic 1st pf. 9% Param’t Pic 2d pf_. 2% Park Utah 5 Pathe Film Corp. 8% Patino Mines 3, Peerless Motor 6415 Penick & Ford ( 57% Penney J C (2) 2% Penn Coal & Cok 3 Penn Dixie Cement. 17% Penn RR (1) .. 39% 30 PeoplesDS (11).. x 116% 110% Peoples D S pf(6%3) 43% 3 188 24% 32% 19% 115 22% 17% Peoples GasChi .. 214 Peoria & Eastern_ 91, Pere Marquette 13 Pere Marquette p! 16!; Pere Marq pr pf. 14% Pet Milk (1) T3 Petrol Corp.. 12% Phelps Dodge (a25c) 3% Phila Rap Tr pf(d) 1% Phila & Read C&I.. 35% Philip Morris (1) __. 5314 Phillips-J C pf (7). 13% Phillips Petrol (1)._. % Plerce Ofl 2% Pierce Oil pf 7 Pitts g W 26% Pitts Coal pf 9" 513 Pitts Screw & Bolt_ 22% Pitts Steel pf . 1 Pitts Term Coal 1% Pitts United Corp.. 24% Pitts United C pf.. © 6% Pitts & W Vi 1 Pittston Co 4% Postal Tel&C pf (4) 8, Pressed Stl Car (d). 42% Proc & Gambl (1%) 20% Pub Sve N J (2.40). 62% Pub Sve N J pf (5).. 73 Pub Sve NJ pf (6)- 34 Pullman Ine (3).... 5% Pure Ofl 34% Pure O1l 6% pfoceee 49% Pure O118% pf____ 8% Purity Bakeries (1) 4 Radio Corporat} 50 RadioC'ppfA (IKI 65% 35% Radio Corppf B.._. 1% Radio-Keith-Or (d) 4% R R Sec 11 Cent..... 16% Raybestos-Man (1), 29% Reading (2) 3% Real Silk Hoslery.. 63% 20% Real Silk Hose pf__ 7 Remington-Rand 21% Remington-R pr pf. 69 Rem-Rand 6% pf___ 2% Reo Motor Car..... 9 Republic Steel..... NEW YORK mnucn mmmmum - 4 395 151 50+ 36 1 13 22 35 11 nmmm wmm 26% 30% 24% 10% 124% 25% 101 22% 4%z 126 4 % 131 ! Tis 15% 5y 13 123% 96 Brotlers. 20a24: ol "Treiht & d 22% 1244 31 11% 11% 38% 119 T 40% 12% 22% 49 24% 10%s 21% 4% 125 % T 14% 5 1% 12'¢ 96 -% 934 + % 2% + % 124% +4% 31% + % 12 11% 39% + % 23% +1% 4943 104 + % 4 + 4% 1% + % 6% + % 57 =2% 27% -1 + % i £ '. I+++1 1+4 FEPIFEERPEEFEFEES e N R | 5 121 245 11 @ Farr ) LI +4+ 14+ ++ PEEEE FT Hh+ % ™+ % 57 +1 63% +2% 3%+ W 9 +2 21% +1 384 +2% M+ N 87 424 32% 120 10% Dt anhur-nfilbuod 12 2% - % 7 +% 3% + % --m 8‘“ Bigh. | Dividend Rat % 23% Republic luol PL... Republic 8tl pf cod. ::% 12% Reyn’lds Spring(1). 44% 29% Royal 43% Reynolds Toh B(3) 0c. 36% Safeway Stov FINANCI 00. High. 38 73 G 72% (3) 10% St Joseph Ld (40c). x 1 StL-SanFrpf (d)- 6 Savage Arm: 22 Schenley Distiliers. 1% Schul tatl Strs. 8 Schulte Re Strs pf_ % Seaboard Air L (d). % Seaboard A L pf(d). 20% Seab'd O Del (160c) 31 Sears Roeb’k(a75c) 1% Second Nat'l Invest. lg Sec Nat Inv pf $2%. 1 8 n Steel Hoop... 3% Sharp & Dohme___. 43 Sharp&Dpf (3%). 7% Shattuck (F G) (25¢) 5% Shell Union Ofl ___. 8% Silver King C(40c).. 6 SimmonsCo....... 5 Simms Pet (a50c).. 13 Sloss-Shefleld 24 Sloss-Shemeld p! 16% Snider Packing 10% Socony-Vac (30¢)__. 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific 5% Southern Railwa, 7 Southern Rwy pf __ 59'% Spang Chalf pf $3%; 3'a Sparks-Withington 3% Spear & Co._ . 32 Spencer Kell ). 7% Sperry vtc (aZbc)_ 815 Spicer Mfg___. 33% Spicer Mfg pf 43% Spiegel-May-Stern_ 13% Stand Brands (80c). 2% Stand Com Tobacco. 1% Stand Gas & Elec... 1% Stand G & E $4 pt__ 4% Stand G & E $6 pf__ 6 Stand G & E $7 pf_ % Stand Inv Corp 27% Stand Oil of Cal (1) 23 Stand Oil of Ind (1) 35% Stand O N J (11)_. 12} Starrett (L'S) (1) 58% Sterling Prod (3.80) 1'4 Sterling Secur (A).. 3is Sterling Secur pf___ 36 Sterling Secur cv pf 6% Stewart-Warner___ 2Y; Stone & Webster. 24 Studebaker Corp... 60% Sun Ofl (1) ______ 115% Sun Oil pt (6) A Superheater (50c) ... 145 Swift & Co (t50e) 6% Telautograph (60¢). 4 Tennessee Cor] 16'; Texas Corp (1)-. 28% Texas Gulf Sul (2). 14 Texas&PacRR _. 3% Tex Pac Coal & Oil_ 8'3 Tex Pac Land Trust 134 Thatcher (1) 5% The Fair__ 2% Thermoid CO-uu--. 2 Third Avenu: 13% Thompson Products 1% Thompson Starrett. % Tide Wat Asso Oil_ 84 Tide Wat A O pf(6) 4% Timken-Detroit 28% Timken R B (11 4% Transamerica(30¢c). 5 Transue&Williams. 1% Tri-Contl Corp 69 Tri-Contl Cor pf(6) 4% Truax-Tra Coal. 313 Truscon Steel 13 20th Century Fox.__ 25 20th Century Fox pf 2% TwinCity RT.. 18 TwinCity RT pf__ 113 Ulen & Co 53% Und-Ell-. 29 Union Bag&Pap (2) 20% Un Tank Car (1. 97 United Afrcraft. 413 United Air Line vte 20% United Bisc (1.60) . 46 United Carbon 2.40 114 United Corp .. s 20% United Corp pf (3).- 8% United Drug_. 4'; United Dyewood 65 United Dyew pt (1) 3% United Elec Coal_.. 65 United Fruit (3).__ 9% United Gas Imp (1) % U S Distributing.. . 5 U S Distributing pf 4': U S & For'n Secur _ 654 US&F S 1st pt (6) 11 USFreight (1) ___ 40'; U S Gypsum (t1)_ 5 US Hoftman 35% U S Ind Alcohol (2). 314 U S Leather vtc_ 713 U S Leather A vtc_. 14% U S Pipe & F (50c).. 3 USRealty &Imp_ 914 U S Rubber. 2413 U S Rubber 1st pf_ 95 USSmelt &R (af). 62% USSm&R pf (3%) 2744 U S Steel 73% U S Steel 3!y United Stores (A 46 United Stores pf. 51 Univ Leaf Tob ( 29 Univ Pic 1st pfd 1 UnivPipe& Rad__. 915 Univ Pipe & Rad pf. 1 UtlPw&Lt(A) . 11% Vanadium Corp ___ 11% Van Raalte (a25e).. 91 Van Ral 1st pf (7)_. 34 Vick Chem (12).. 2% Va-Car Chemical._. 1715 Va-Car Chem 6% pf 7213 Va El1 & Pw pf (6)_. 1% Wabash pf A (d) . 41y Waldorf Sys (50¢) 261, Walgreen Co (1.49). 31y B 3% 1% Ward Baking (B)._. 2% Warner Bros Pic___ 14} Warner Bros Pic pf 2!y Warren Bros .. __ 20% Warren Fdy&P (2). 4 Webster Eisenlohr_ 1 Wells Fargo 3013 Wesson O&S (150¢c) 72 Wesson O&S pf (4). 34 West Pa Elec (1)A- 36 West Pa Elec pf (6) 95 West Pa Pwr pf (6) 5% Western Maryland._ T1; Western Md 2d pf _ 23, Western Pac pf (d). 20% Western Union.___ 18 West'gh'se A B 50c 32% Westinghse Ela50c 90 West'h'se 1st pf 334 10 Weston Elec Inst__. 16% Westvaco Chi ’40¢) 14% Wheeling Steel. 6% White Motor .. s 13% White Rk M S(1. 3% Wilson & Co (a2be) 51 Woolworth (2.40).. 11% Worthington Pump 25% Worth Pump pf A 18 Young Spr& W (2). 13 YoungstownS&T.. 38% Youngst'wn S&T pf 1% Zenith Radio ...... 4% 2% Zonite Products.... 106 808 11801 10 25% 1l 1 Be ] _— ta AL SACTIONS ON THE NEW YORK STOCK EXCHANGER[][]S[V[HSPURS ment of President Stim- ulates Bullish Forces. STOCK AVERAGES Net change._ x:d.;- ?m. Hy sm.’ Today, close 66.7 26.5 31! 49.4 Prev. day.. 659 260 37.2 48.7 Month ago. 652 255 369 48.2 Year ago__. 48.7 251 275 315 39.3 49.1 276 185 216 348 430 406 514 3 228 242 349 175 8.7 239 169 1469 153.9 184.3 157.7 1927 low._.. 516 953 618 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, September 6.—Spur- red by news that was interpreted as “good,” the stock market resumed its advancing stride today and many is- sues reached new peeks for 1935. President Roosevelt's statement that industry was in for a “breathing spell” in the matter of administrative re- forms helped to stimulate bullish forces. The close was Arm. Transfers approximated 2,200,000 shares. The list got off to a rather hesitant start as Wall Street analysts studied the presidential communication set- ting forth new thoughts on the New Deal. Buying in the rails soon began, however, and it was not long before | the motors, steels, utilities and spe- cialties joined the upward push. Confident and Cautious. While buying was confident, it was notably cautious, and the ticker tape was seldom pushed to its limit. Profit- | taking appeared in late dealings and | & number of the leaders shaded their | gains. There were also a few soft spots | and the oils were backward. | Wheat and the other grains rallied and dipped and cotton did not get | very far. Secondary bonds were in " | demand. while United States Govern- ments were listless. Sterling sagged | in foreign exchange transactions. Shares of Homestake Mining climbed 7 points and Case. Johns-Manville. Chrysler and Westinghouse were up !about 3 each. Others up fractions to * | around 2 points included U. S. Steel, el L) ‘. Bethlehem. American Rolling Mill, In- land Steel, General Motors, Auburg, Du Pont. General Electric, Western Union, Consolidated Gas, Deere, Elec- » | tric Auto-Lite, Murray Corp., Grey- 11 63 3 100s 1 n % ‘n bl oy | St ~1%| 20% 5% 145 38% 100'y 1l 464 12 5 6 99% 1% 44% 110 5% 624 62's 334 1 624 hound Corp., Santa Fe, New York Central, Delaware & Hudson, Southern Pacific and American Smelting. Liggett & Myers “B” dropped 2 points and Safeway Stores, Douglas Aircraft, Standard Oil of New Jersey and Coca-Cola were moderately under water. Chicago Grain CHICAGO, September 6 (#).—Whea* | prices advanced moderately in late dealings here today, and reached | levels above any since August 10. Late strength shown by the Chicag~ wheat market was more or less in sympathy with behavior of the Win- | nipeg market, where a bulge of about | 2 cents a bushel was witnessed. No- tice was also taken that the Minne- W | apolis market late today had touchec a new top price record for the season Wheat closed unsettled, 'ga’s above yesterday's finish; December, 9232 | 922 corn, 1 cent off to % up; De- cember, 5613a56': oats, unchanged ,w 1, higher, and provisions, 3 cents | to 20 cents down WHEAT— Open i tHH Chicago Cnh Mnrlel. Cash wheat. No. 2 red, 92%: No 2 hard, 1.09; corn, No. 2 yellow, 80: No. 2 white, 80, lake billing; oats, No. 3 white, 26%,a29%3; sample grade, | 23%,a25';; no rve, buckwheat: soy = % | beans, No. 2 yellow, 10-day shipment, 2 13 12% 5 49'% 26" 2% 115 14 62 1 158 L] Approximate Sales of Stocks on the N, Y. Stock Exchange. 890,000 ©1280,000 2:00 P.M.... Total sales for the day. 2,150,000 mnanmumwummubhmm 19% + % | reorganised. L5 i 16; ducks, 15; | ams. sfi%&!fil other mixed colors un-| b the latest 100 Mdlvlfi-‘l lhllthhgll‘é quarterly or lull-n‘rl: shares. ¢ Annual rfle—m r being 64, net track country station; new No. 2 yellow. 57, October-November shipment; barley, nominal, feed, 35a | 48: malting, 50a70; timothy seed, | 2.50a75 hundredweight; clover seed, 10.25a16.00 hundredweight. Baltimore Quotations. BALTIMORE, September 6 (&) — Wheat, No. 2 red Winter, garlicky; spot, domestic, 83; September, 83. Liverpool Grain Prices. Wheat futures closed quiet High Previous Low close October N4 X N3 Exchane. 4.95 New York Cotton By the Associated Press NEW YORK, September 6.—After holding fairly steady through the morning cotton eased slightly later under Southern selling and scattering liquidation today. December contracts, after selling up to 1042, eased off to 10.36, with the market in the late trading ruling within a point or two of yesterday's closing quotations. New York Cotton Exchange mem- bers on the average are looking for a crop estimate of around 11,945,000 bales, according to a canvass made today. Cotton futures closed nnfly 4-8 higher. Qctober _ Bleachable cotton seed ol futures closed steady. September, 9.90b; Oc- tober, 9.80b; December, 9.74b; Janu- ual | 41y, 9.76; March, 9.87. Sales, 67 contracts, including six | switches. b—Bid. ptember 6 (P —Cotton, lll:ludlnl 1,000 American. t in fair demand: prices © points her: auotations in pence: strict good 6.41; strict middling. 020. nmdu -lMllll 6.0. la LIVERPOOL. 2,000 bales,