Evening Star Newspaper, September 7, 1935, Page 12

FINANCIAL TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ADVERTISING MEN T0 HEAR FLEMING Gay and 0’Conncr Also to Address Session at Atlantic City. BY EDWARD C. STONE. Robert V. Fleming, president, Riggs National Bank, and second vice presi- dent of the American Bankers’ Associ- ation, will represent the national or- ganization at the Financial Adver- tisers’ National Convention at Atlantic | City next week. The association, com- | posed of advertising executives of fhei country’s banks, investment firms and | other financial institutions, opens a three-day session at the Ambassador Hotel Monday The program, announced in full to- day, will be devoted chiefly to discus- sions on how to bring together a group of authorities in the public re- lations field. In special conferences commercial banking, savings banking, Investment banking and trust scr\k-e‘ will be discussed by specialists in these | fields. Mr. Fleming will open the Tues- q day afternoon session with an address | on “The Spirit of American Banking.” | Charles R. Gay, president of the New:>York Stock Exchange, will be | another speaker with a national repu- tation, his subject being “Public Re- lations and: the New York Stock Ex- change.” Robertson Griswold of the Maryland Trust Co. will consider pub- lic relations and the trust business, while W. Espey Albig. deputy manage, of the American Bankers' Association, will report on what is being done to improve relations with savings bank | customers. ! Wilfred W. Fry, president, N. W.| Aver & Son, a Philadelphia ad\'crus-l ing firm. is also on the program. The United States Treasury will be repre- | sented by Controller of the Currency | J. F. T. O'Connor. Another speaker, especially well known to Washington bankers, will be Frank M. Tofon, vice president, Chase National Bank. Officers of the association are, presi- dent. I. I Sperling, assistant vice president, Cleveland Trust Co.; vice presidents, Robert W. Sparks, vice | president, Bowery Savings Bank, New | York City; T. J. Kiphart. Fifth| Third Union Trust Co. Cmcmxmn.l William H. Neal, vice president, Wachovia Bank & Trust Co., Winston- | Balem, N. C.: treasurer, Fred W.| Mathison, National Security Bank Chicago, and executive secretary Preston E. Reed. Chicago Eccles On Mortgage Program. Gov. Marriner S. Eccles of the Pederal Reserve Board is to take an | active part in the twenty-second an- | nual convention of the Mortgage Bankers' Association of America, which meets at French Lick, Ind., October 2 to 4. it was announced to- day from Chicago. Gov. William I.| Myers, governor of the Farm Credit Admnistration, will speak on “Per- manent Sources of Co-operative Credit for Agriculture.” Former Judge Charles I. Dawson, making his first address since he ren- dered an unfavorable decision against | the Government’s attempt to secure land for P. W. A. low-cost housing by rondemnation proceedings, will speak | October 4 on “Human Rights and Property Rights Under the Constitu- tion.” He will be preceded on the drogram by Gov. Eccles, who is ex- pected to present the administration’s | answer to the implication in the sub- | ject of the convention, “Government | vs. Private Lending.” Other speakers include Gov. McNutt of Indiana; Silas H. Strawn, Chicago; | Col. C. C. Robbins, Chicago; Ray | McLean, Oklahoma banker, and E. A. Merrifield, director* of the farm loan department of the Northwestern Life Insurance Co. The association presi- dent i{s Owen M. Murray of Dallas, Tex. New Bond Issues on Increase. New State and municipal bond is- | sues reported approved by the voters | of 197 communities in 33 States during | August total $15.369.095 as romparcd with $11,383,140 in July, according ln\ the Daily Bond Buyer. August totals | for previous years were $2.883278 in| 1934, $4,898.695 in 1933 and $2,248,829 | in 1932. | During August a total of $34.221,757 | of proposed financing was disapproved | by the voters of 79 communities in 11 States as compared with $2,582,700 in | July. The large total for August is| accounted for by one item of $13.-| 000,000 disapproved by the voters of | the State of California, and $3,825,000 by Houston, Tex., voters. ¥ Deposits Up $1,304,000.000. An increase in the number of sav- ings accounts, not including Christmas | #avings and others of a similar charac- ter of 636.000, or from 25,745,000 to | 26,381,000 in the six months from De- | cember 31 to June 29 in the 14173 | insured commercial banks is reported by the Federal Deposit Insurance Corp. The summary covers 7.763 State banks which are not members of the Federal Reserve System, as well as the | 5.425 national and 985 State member banks. Total deposits of these banks were | $40,300,000,000 on June 29, an increase | of $1,304,000.000 since December 31. Of these, demand deposits of corpora- tions, firms and individuals aggregated $18.029.000.000. an increase of $1,312,- 000,000, and time deposits $12,253,002,- 000, &n increase of $599,850,000. Insurance At Five-Year Top. The favopable trend of life insurance fales in Washington is emphasized by | the report of the H. Lawrence Choate | agency of the Mutual Benefit Life of | New Jersey, showing for August the biggest business in five years, both by premiums and volume. Every on¢ of | the 16 agents had more business this | year than last. 14% 13% Ray 1497 1% “200 24, 81y 7Y% 2015 165 73 3% 29% 204 4 a3 71 57 207 6514 381y 17% Ry a, a8y 17 142 1011, | 14081 P 109! 491, s 61 10% =15 100 T 195 &1 15 :‘ THE EVEN 87 private wire direct to The Star. Low. Close. Chae. Stock and Sales— Dividend Rate. Add oo. 28 Adams Millis (2) 8 Addressog’h(albe). 413 Advance Rumely . % Affliated Pro (60c). 104% Air Redvction (13)_ % Air-Way Elec Appl. 15% Alaska Jun (160¢)-. * Alleg Corp (d) 2% Alleg pf w$30w (d). 2 Alleg pf w$40w (d). 21 Allegheny Stl (1), 125 Allled Chem (6) 3% Allied Stores 49 Allied Stores pf lS) 12 * Allis Chalmers . __. 14 Alpha Port Cmt (1) 2!4 Amal Leather . . 26 Amal Leath pf (12). 481: Amerada Corp (2) 41': Am Az Ch(Del) (3 Am Bank Note Am Bk Note pf (3). 21 Am Brk Shoe (1) 110 Am Can (t4) 10 Am Car & Foundry. 2513 Am Car & Fdry pf 8 Am Chatn Am Chain pf » Am Comecl Alcohol.. 6'3 Am Crystal Sugar . AmCrysSistpf 6. Am & Foreign Pwr Am & For Pw $6 pt. Am & For Pw §7 J‘f s Am & For Pw 2d pf. Am Hide & L pt ' Am Home Pr (2.40). “ Am Ice Am Ice pf (6)_ Am International _. 18 Am La Fran pf «d) Am Locomotive __ Am Locomotive pf : Am Mch & Fy (80¢) 4% Am Mch & Metals _ 4'3 Am Mch & Met vtc_. 132 Am Metal l Am Power & Light_ « Am Pw & Lt $5 pf__ 10& Am Pw & Lt $6 pf. 10's Am Radiator 15% Am Rolling Mills 66 Am Safety Raz (5)- 4'3 Am Seating vie . Am Shipbldg (2) « Am Am S Am s Am Steel Foundry _. Am Stl Fdry pf (2). 51 Am Sugar (2) N 987¢ Am Tel & Tel (9) __. 74% Am Tobacco B (5) ... 's Am Tobacco pf (). '; Am Type Fdrs (d)_. Am Type F pf (d) Am Water Works _ 48 Am Wat W 1st (6). 47 Am Woolen Am Woolen pf Am Writ Pap (d)_ 8 *Anaconda Copper_ 1614 Anaconda Wire 121 Anchor Cap (60¢) .. Andes Copper = Archer Dan M (1) 14 Armour of Illinois . s Arm'r (T11)pr pf () 162 Armstrong Cork 50¢ Arnold Constable _ Asso DG 1st pf(39) Asso D G 2d pf 35% Atch To&S Fe (a2) 6% Atch To&S F pf(5) 19': Atlantic Coast Line 21% Atlantic Ref (1) __ % Atlas Powder (2). Atlas Tack _ Auburn Auto__ Aviation Corp(Del) 15 1z Baldwin Loco (d) - 712 Baldwin Loco pf (d) 71; Baltimore & Ohlo _ 9'« Baltimore & Oh pt 1008, Bamberger pf (64) 361 Bang & Aroos (21z) 21, Barker Brothers _ 32 57% Barnsdall Corp 107% Bayuk C 1st pf (7). 14'« Beatrice Cre (as(c) 11'« Belding-Hem (al) . 1174 Bendix Aviation 1514 Beneficial Lo (1%). 34 Best& Co (2) 21% Eethlehem Steel *. Beth Steel pf(al%) 147 Bizelow-San Corp - 9% Blaw-Knox _ 6'x Boeing Airplane 19%, Bohn Alum &Br (3) 90 Bon Ami (A) (t4) 42 Bon Ami (B) (12) Borden Co (1 60) R1; Borg-Warner (2). . 3% Boston & Maine _ 813 Bridgep't Brass 40c 241; Briggs Mfg (2) '« Briggs & Strat (3)_. 2 Bklyn-Man Tr (3) 90 Bklyn-Man T pf(6)_ 43 Bklyn Union Gas(5) 114 Brown Shoe pf (7). 4% Bucyrus Erie R« Bucyrus Eriecv pf.. 21 Budd(E G)MfR 23 Budd(E G)MIg pt. 21, Budd Wheel . &1 Bullard Co ___ 3% Bulova Watch ___ % Burns Bros(A)(d)-. 1 Burns Bro B (d) __ 3 Burns Bro pf (d) _. 131% Burr Add Mch(60¢) 11 Butte Copper&Zinc * Butterick Co (d) 11% Byers (A M) _ Byers (A M) of _ 3612 California Pkg(133) 2'; Calumet & Hecla.__ 9% Canadian Pacific 30 Cannon Mills (2) 4% Capital Admin (A)- 45% Case (J1)Co ___ 831, Case (J 1) pf (4) __ 361; Caterpillar Tr (11)- 19'; Celanese Corp 11% Celotex Co pf (d) . 221, Cent Agulre (13%) - 34 Central ERof NJ_ 6% Century Rib Mills o 38% Cerro de Pasco (4)_ 3% Certain-teed Prod - ‘ertain-teed Pr pf.. 7'x Ches & Ohio (2.80) . 36 Chesabeake Corp(3) % Chi & Grt W pf (d). 15% Chi Mail Order (11) % Chi M StP&P pf (d) 1% Chi & N W (d) .. 3% Chi & N W pf (d) 4% Chi Pneumatic T 20 Chi Pneu Tool pf - 1; Chickasha C O (2) 315 ChildsCo . 31 Chrysler Corp 1)~ 16 City lce & Fuel (2). 83% City Ice&F pf(6%). 31 City Stores 12% Clark Equip (80c) 0 21 “ Clev Graph Br (11). 16 Leaders for the month were George | T. Howard and George E. Harris, who qualified for the Des Moines conven- | tion, together with Charles W. Schwab | and Croom Walker. This life insur- | ance agency. is one of the oldest in Washington and celebrates its nine- tieth anniversary this month. 4 Heard in Financial District. The Washington Stock Exchange resumed Fall Saturday sessions today | for the first time since the Summer | suspension. 'The week'’s total volume of trading made a good showing, especially in view of the Labor day holiday. Indiana, Tlinois and Ohio were the States that made the greatest increases in income from the sale of principal | farm products in the first six months of the year, according to estimates | by the Bureau of Agricultural Eco- nomics. For the country as a whole, cash receipts from these products for this period in 1935 were $2,585,000,000, compared to $2,330,000,000 in the same period of 1934. KRESGE SALES INCREASE. NEW YORK, September 7. @— Bales of the S. 5. Kresge Co. in Au- gust amounted to $10,758,148, against $10,252,468 in ‘August, 1934, an in- €rease of 4.9 per cent. ' ’ ? Coca-Cola (8) . 5 ‘- Coca-Cola A (3) 15'4 Colgate-P-P (50¢) .. 9 Collins & Alkman .. 69% Collins & Atk pf (7) 3% Col Gas & Elec. .. 3513 Col G & E pf A (6) 3413 Colum Pie vte (1) 67 Colum Carbon (4) _ 3915 Cothel Credit (234) - 56% Comel Inv Tr(12.80) 97% Comel In T pf(4%)- 17% Comel Solv (160¢c).. * Comw & Southern_. 29' Comw & Sou pf (3). 27 Congoleum-N(160) 23% Conn Ry&Lt (4%). 7 Consol Cigar 71 ConC prpof ww 6% 3% Consol Film 14% Cons Film pf($13%). 15% Consol Gas N Y (1). 72'% Consoi Gas pf (5) 6'2 Consol Oil (a25e) - 12 Consol Textile 8% Container Corp (A) 2% Container Corp (B). 45 Contl Baking (A) - 46'% Contl Baking of (4) 62% Contl Can (2.40) _ 7 Contl Dia F (ab5c) . 287 Contl tnsur (11.20). % Contl Motors 1514 Cont] O Del(2373%¢) 41% Corn Ex Bk&TT (3). 62 Corn Prod Ref (3).. 4'4 Coty Ine 35% Cream of Wh lfl)‘. e 0 (ST ITE STRETERTES T P YUy Barker Brothers pf. 2 8 22 170s 2 12 B 59 8% 307 12% 14 % % 143% 1% 60 87 Fl 14+ 14+4+4+ +1 sesEFseEss FEE F FFEFFE & FFREFEL 28% 19 13 122 131 8 152 25'% 20% 12 £ 108 10 a4 20% 121 146 f4% Bie 15% 49 Bl s 12 17' 70 134 167 21% 2313 STAR, WASHINGTON, D. C., SATURDAY, Stock and Bales— Dividend Rate. Add 00. 1215 Crosley Rad (a25c). 2314 Crown C&S (1) 3'3 Crown Zelleb'k vte. 14 Crucible Steel. . 47% Crucible Steel p?.. 1 Cuba Co.. 5% Cuban-Am Sugar-. 405 Cuban-Am Sug Df. 49% Cudahy Pkg (2%)-. 15 Curtis Publllnln:.- 8914 Curtis Pub pf (7).. 2 Curtiss Wright_ 6% Curtiss Wright (A) 16 Cutler Hamme: 22% Deere & Co _ 19 Deere&Co pf ($75¢). 2313 Delaware & Hudson 11 Del Lack & West . 65 Detroit Edison (4) - 264 Diamond Mtch t1%. 243 Diam Mat pf (1133) 341« Dome Mines (12) . 17'; Douglas Air (a75e).- 6% Dresser Mfg B __, Y% Duluth S S & Atl 12% Duplan Silk (1) 103 Duplan Silk pf (8 £6% Du Pont (13, 12674 Du Pont deb (6 33 Eastern Roll Mills. 110'; Eastman Kod (15) ... 16% Iaton Mfg (1) 19% Electric Auto Lite 107 Elec Auto L pf (7). 3% Electric Boat __ 5% Elec & Mus Ind._. 1's Elec Pw & Lt __ 213 Elec Pw & Lt $6 Dl_ 3 Elec Pw & Lt $7 pf . 39 Elec Stor Bat (2%). 52% Endicott-John (3) .. 1'x Engineers Pub Sve. 14 Eng PubSve 8$5 pf_. 14', Eng P S $5.50 of ww Equip Office Bldg_. 4 il 6% Erie RR2dpf_ __ reka Vac C (80¢) ans Products(1) change Buffet 71'4 Fairbanks M p! 54 Fed Min & Sm pf s Fed Water Sve (A). 16!y Fed'd D Strs (160c). 28'; Fid Ph F In (11.20). 13's Firestone (40¢c) Ry estone pf A (§) 453 First Nat Strs (2%) 19 Florsheim (1) A 214 Follansbee Bros(d). Kood \llchinl (1) 19% Four \u Iwwal.10. 7 GamewellCo._____. 515 Gen Am Investors _ 328, Gen Am Trans(1%) 11% Gen Asphalt 7's Gen Bak'ng (60c) 115 Gen Baking pf (8) 51 Gen Rronze Gen Cable._ 4 Gen Cable (A) 19 Gen Cable pf Gen Clzar (t4) 201; Gen Electric (60c) ' Gen Foods (1.80) _ s Gen Gas & El (A) . 597y Gen Mills (3) . Gen Motors (12) __ s Gen Motors pt (5) « Gen Print Ink(1.60) 1'x Gen Public Service . 15% Gen Ry Signal (1) % Gen Realty & Util 16% Gen Refractories 12 Gillett Saf Raz (1) 701; Gillett Saf R pf (5). 2ix Gimbel Bros 18 Gimbel Bros pf._. 23% Glidden Co (1) 11 Gobel (Adolf) (4 14 Gold Dust (1.20) iy Goadrich (B F)_ 40 Goodrich ¢8 F) pf 15% Goodyear T&R 1'« Graham-Paiz 5\. Granby Consol 214 Grand Union 14 Grand Un pf (1%)_. 18i\ Granite City Stl (1) anite City Stlrts_ ant (W T) (11) 95, Grt Northern pf 94, Grt North Ore (50¢c) 26% Grt West Sug (2.40) 20'; Greyhound Corp - 1 Guantanamo Sugar. 4 Gulf Mobile & N ___. 48 Gulf States Stl 1st 4 Hall W FPrinting 613 Hamilton Watch . . 63 Hamilton Watch pf 16 Harbison Walk (1) 943, Harbison W pf (6)._ Hat Corp of Amer. s Hayes Body . Hazel Atlas Gl (5) Hercules Mot (60c). Hercules Pw (13)__. 5% Holland Furnace __ 6% Holland & Son (50¢) 307 Houd-Hersh (233) A 613 Houdaille-Hersh B_ 49 HouseFinpf (3%3)- 9ix Houston Oil___ 1's Houston Oil (new). 43 Howe Sound (3) 2% Hudson & Manhat. 63 Hudson & Man pf_ 6% Hudson Motor Car. % Hupp Motors —_— 9'3 Illinols Central. 40 111 Cent Ise lines(4). 2315 Indus Rayon (1.68). 603 Ingersoll-Rand (2). 46 Inland Steel (12) .. 215 Inspiration Copper.. 8% Interboro R T (d) ... 1'; Intercont] Rubber. 4'¢ Interlake Iron 2% Int Agricultural 26 Int Agricul prpf 149'% Int Bus Mach (16) 3% Int Car’rs Litd (20e) 22% Int Cement (1) 34's Int Harvester 60e) .. 13 Int Hvdro Elec tA). 221 Int Nick Can)(30e 1'x Int Paper & Pw (A). 1, Int Paper & Pw (C). 4'; Int Paper & Pw pf_. 981, Int Print Ink pf (6). 24 Int Ry Cent Am 214 Int Ry C A(A)ctfs 29 IntSalt (1%) 4214 Int Shoe (2)._. 16 Int Silver._ 5% Int Tel & Tel 87 Intersitae Dep Str. 614 Intertype (a20¢) . 3815 Johns-Manv (a50¢). 6% Kans City South pf_ 713 Kaufmann D S(30c) 15% Kayser(J)&Co a%0c. 6 Kelsey-Hayes (A) 314 Kelsey-Hayes (B) 10% Kelvinator (150¢) .. 84 Kendall Co pf (16)._.. 13% Kennecott C (60c) . 23 Kinney (G R) Co pf. 19% Kresge (SS) (1) 561 Kress (S H) (1) _. 221, Kroger G&B (1.60) 2214 Lambert Co (3) 815 Lee Rub&Tire (50¢) 105 Leh Port Cément __ 89% Leh Port C pf (31). 1'2 Lehigh Valley Coal. 5'9 Lehigh Val Coal pf. 5 Lehigh Valley R R 67% Lehman C (12.40) __ 107 Lehn & Fink (13§)_. 65 Libby McNelll & L._ 2113 Lib-O-Ford G1(1.20) 93% Ligg & Myers (t14)B 161 Lily Tulip Cup(1%) 17% Link Belt (80c) .. 247 Liquid Carb (1) .. 31% Loew’s Inc (2) —weeu 1 Loftine. ... 1% Long Bell Lum (A). 18'% Lorillard P (t120). 4% La Oil Ref pf (d) . 10% Louisv G&EpfA 1%. 34 Louis&Nash(a23). 12% Ludlum Steel 28 McCall Corp (2) T4 McCrory Stores (d). 7% McGraw Hill Pub__ 36% Mclntyre Porcu (2) 5% McKesson & Rob 32 McKesson & Rob pf 815 McLellan Stores._ 851 McLellan Stores pf. 18% Mack Truek (1)__ . 30% Macy (R H)& Co(2) 18% Magma Copper (2). 13% Man El md gtd (d)._. 4 Manati Sug pf (d).. 37 | 1508 1 2 9 Punww~anudrneia T EY 23 82% 50 Jdpes&Laugh7%pf. 380s —_— 1 1408 50% 49% 34 28 3 183% 1835, Net. Low. Close. Cnge 144 14% + % 34 3%+ K 5% 5l 27% 2% — % 841 B4 — % 1% 1% + % 6% 694 + % 40% — 5 + % % 28% 28% 40%» 414 28 28 381 16% 9615 38y 40 381 17 96% 387 40 39% 39% a2 32 G #6146 15% 15% 112 112 % 12215 127% T 152 25 20 110% R 215 25% 254% 1194 120 n 2% 231, 10 40y 34 521 16% 1678 33 334 a5 it [ 9y 10 18'3 11 143 91, 40 19 12 143 4t A+ Fa 41, 21t 2% Rig 1y 33 3% 3T 371 6% 7 30% 30% 564 56'y B 38, 29% 29 2% 2% 1 1 1145 1% 104 104 215, 24 29 30 4614 22 11% 16% 12% 2% 82 4 U1 THIEI+ +el+1 | + +10 !l - o F 1214 167 1914 22% BEEEREEE s +H+i40 00+ PR | - e i B R e + 1 FOFEEFE FE FEFERIE B0% + % 33% 3% + % | cember, 28 28% — % 6% 7 +h Prev. 1638 digh. 5 81 5 834 1% 53 Bales— Shirt (60c). 5% Marine Midld (40¢). 12 2% Market St Ry pf___. 30s 20 Marlin-Rockwell(2) 8 6% Marshall Field&Co 16 23% Mathieson Alk(1%) 7 35% May Dept Str (1.60) 7 513 Maytag C 19 84% Maytag » 108 41 Melville Shoe (23%). 1 3 Mengel Co 4 20% Mengel Co pf 24'» Mesta Machine (2)_ 2'3 Miami Copper ” 9% Mid-Cont Pet(al5e) 8 R1¢ Midland Steel Prod. 25 58 Minn Hon R (13)._. 1 3% Minn Moline Pw___ 6 1% MStP&SSMIisin. 10s 3 608 10 5 5% Mo Kans & Tex pf. 1'4 Mo Pacific pf (d) 10% Mohawk C M (a25¢)~ 55 Monsanto Chem(t1) 9 21% Montgomery Ward. 227 567 Morrel & Co (3.60) 1 17% Motor Products (2). Tt Motor Wheel (60c)._ 9% Mullins Mfg (A)_. 9'2 Mullins Mfg (B) _ 62 Mullins Mfg (new 4% Murray Corp 30 Myers (FE) & B (2) 11 Nash Motors (1) __. 14 NashvChat&StL_. Nat Acme Co 22% Nat Biscuit (1.60).. . 13'3 Nat Cash Rk A(50c) 2% Nat Dairy Pr (1.20). 103 Nat Dairy pf A (7)_ 106 Nat Dairy P pfB(7). 1% Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 23'a Nat Distillers (2)__ 47x Nat Pw & Lt (80¢)_ 40% Nat Steel (1) » 9 NatSupply C: 36 Nat Supply Co pf_ 814 Nat Tea (60c) 7'2 Natomas Co (80¢) 21% Neisner Bros (11)__ 4313 Newberry J J(1.60). 4% Newport Industries 1812 N Y Afrbrake 1"4 NYCentral RR _ #NYChi&StLpf. \ 'Y Dock pf____ Y Investors (d) 99 NY Lack & W (5) 2% N Y N H & Hartford 6 NYNHG& Hartf pt .2% N Y Ontario & West 6'a N Y Shipbuilding _. 303, Noranda Mines (2)_ 158 Norfolk & W (1§) _ 99 Norf& Westpf (4)- 2 North Am Aviation. 9 North AmCo (1) .. 5'2 North Am Co pf (3) North Am Ed pf (6) 13t Northern Pacific __ 35" Northwest Tel (3)_. 1's Norwalk Tire&Rub. —_—_— 14's 9% Ohio Oil (a15¢) .___. 21% 16% Oliv Farm Bq(new) 813 3'; Omnibus Corp - 22 11'a Otis Elevator (60c) 173 4% OtisSteel . _ 104 80 Owens-1ll Glass(4). 14 Pac-Amer Fisheries 1 Pacific Coast 13' Pacitic G & 19 Pacific Ltg (2.4 12 Pacific Mills_____ 1115 Pacific T & T pf (6) 3's Packard Motors 's Panhandle Pro& R. 10% 8 Param't Pic (new) 93% 84 Param't Pic 1st pf_ 124 9% Param't Pic 2d pf 17% 11 Park & Tilford 6 2y Park Utah.. __ 5 Pathe Film Corp 8¢ Patino Mines * Peerless Motor. 57% Penney J C (2) 2l4 Penn Coal & Coke__. 3 Penn Dixie Cement_ 17% Penn RR (1) 30 Peoples DS (t 172, Peoples Gas Ch. 914 Pere Marquette__ 13 Pere Marquette pf. 163 Pere Marq pr pf- 7 Petrol Corp 12t Phelps Dodg! 23 Phila Co 6% pf (3). 3'3 Phila Rap Tr pf(d). 20 1% Phila & Read C&1. 35% Philip Morris (1) 513 Phillips-Jones C 13% Phillips Petrol (1)_ 3 Phoenix Hosiery 31 Pillsbury F1 (1.60). 7 Pitts Coal 5'; Pitts Screw & Bolt_. 22's Pitts Steel pf 1'« Pitts United Cor, 24'5 P1its United C pf._. 672 Pitts & W Va 6'3 Plymouth Oil 61x Poor & Co (B)_ 1% Porto R Am Tob(A) 4% Postal Tel&C pf (d) s Pressed Stl Car (d). 42% Proc & Gambl (1) 20% PubSve N J (2.40) . 73 PubSve NJ pt (6)_. 851 Pub Sve N J pf (7). 34 Puliman Ine (3) 57% Pure Oil 343 Pure Oil 6% pf.__. 49% Pure Oil 8% pf. 8% Purity Bakeries (1) 4 Radio Corporation.. 50 RadioC'ppfA (3%) 35% RadioCorppf B___ 1% Radio-Keith-Or (d) 16'; Raybestos-Man (1) 7 Remington-Rand 21% Remington-R pr pf. 98'3 Rensselaer & S (3) . 2'4 Reo Motor Car 9 Republic Steel 28% Republic Steel pf_ 28 Republic Stl pf cod_ 75 RevereC&Bpf. 17'; Reynolds Metals 121, Reyn'lds Qnrlng(lL 43'x Reynolds Tob B (3) 514 Ritter Dental ____ 295 Royal Dal.70 1-10e. 46 36% Safeway Stores (3) 10 114'3110 Safeway Strspf (7) 30s 22% 10% St Joseph Ld (40e). 30 213 1 StL-SanFrpf(d). 3 35's 22 Schenley Distillers. 49 1% Schulte Retall Strs. 4 8 Schulte Re Strs pf_ 300s 55 Scott Paper (1.80).. 70s % % Seaboard Air L (d). 8 1% % Seaboard A L pf(d). : - 35% 20% Seab’d O Del (160c) 4 20'% 70 % 22! 2 101% 10!'/. - 5% 2 12% 35% 55 41% 10% 12% 13 675 167 39, 15% 21 8% 28% 17 15% 3 10815 108 2% 25' 3% 641a 35 22 1% 221 2 1031, 3y 1% 29 5% 2 12% 675 17 39% 15% 21 94 29 17% 158 108'5 108 2% 251 3% 1% 6915 19 Tl 10% 10% 307 60% 67 281 25% 22% 9 52% 43y 110 12 2215 10315 A 19% 2% 73 931 22% 24% 55% 12% FEFFS FEE EE Fae 6815 94 5% 36% 13% 141 9%, 19% 5 9% 11% 2 38% 28 5015 20% 67 43 13% 103, % 5% 25 3 12% 195 +2% + % + % e dl 9% FHE AL * Feare esrsEasess [+ 14+ 2% Prev. 1935 il SEPTEMBER 17, 193 Low. Dma te. 31 Sears Roeb’k(a75ec) 40 Sec Nat Invpf $2%. 7% Servel Inc.__ ... 9 Sharen Steel Hoop. 3% Sharp & Dohme . __ 7% Shattuck(F G) (25¢) 5% Shell Union Oil__ 63% Shell Union Ofl pf __ 8% Silver King C(40¢). 10% Socony-Vac (30c) 20 Sou Porto R Sug(2) 105 South Cal Ed (1%). 12% Southern Pacific 5% Southern Railwa; 7 Southern Rwy pf_. 5 Spalding (AG)____ 42 Spalding(AG)1st pf 59% Spang Chalf pf 337; 3% Sparks-Withington 32+ Spencer Kell (1.60). T% Sperry vtc (aZbe)-. 815 Spicer Mfg 43% Spiegel-May-Stern. 13% Stand Brands (80c). 2'4 Stand Com Tobacco. 1'5 Stand Gas & Elec_.. 1% Stand G& E $4 pf._ " Stand Inv Corp . 27% Stand Oll of Cal (1) 23 Stand Oil of Ind (1) 35% Stand OII N J (11) . 12'5 Starrett (L 8) (1) _ 584 Sterling Prod (3.80) 36 Sterling Secur cv pf 6% Stewart-Warner 2!; Stone & Webster 21 Studebaker Corp. 60% Sun Ol (t1)___ 11 Superheater (50c) 1% Superior Oil. . 5 Superior Steel 14% Swift & Co (150e 6% Telautograph (60e) 4 ‘Tennessee Corp. 16%; Texas Corp (1) 28% Texas Gulf Sul (2). 14 Texas&PacRR . 314 Tex Pac Coal & Oil_ 81 Tex Pac Land Trust 13t Thatcher (1) 5% The Fair . __ 215 Thermoid Co 5ta Thomp'n (JR) (50¢ 13% Thompson Products 1% Thompson Starrett. T% Tide Wat Asso Oil . 84 Tide Wat A O pf(6). 4% Timken-Detroit 28% Timken R B (11) 1%, Transamerica(30c Tw Trans & Westn Ai: 5'x Transue&William: 1% Tri-Contl Corp 69 Tri-Contl Cor pt(6) 4! Truax-Tra Coal.. 313 Truscon Steel . _ 13 20th Century Fox 25 20th Century Fox pt 1'3 Ulen & Co . 29 Union Bag&Pap @) 44 UnCarb&C(1.60). 14% Un Oil of Cal (1) 3 8215 Un Pacific (6) . A4+ FF oESr Frias 26'% + 14 243 7 75 65 21y 46% 82% 68y 35 28% 5% 4% 11:00 A.M Dividend | cash payments 7915 Un Pacific pf (4) __ 20% Un Tank Car (1.20). 9% United Alreraft 2 United Afr Line vte 7 United Am Bosch 20% United Bise (1.60) 46 United Carbon 2.40 11; United Corp .. 20, United Corp pf (3)- 8% United Drug 413 United Dyewoo 65 United Dyew pf (7) 314 United Elec Coal_.. 65 United Fruit (3) 9% United Gas Imp (1) 8713 United Gas I pf (5) 5 U S Distributing pf 15t 4!; U S & For'n Secur__ 40'3 17 S Gypsum (t1) _. 5 USHoftman _ 35'5 US Ind Alcohol (2) 32 U S Leather vte. . 7'3 U'S Leather A vtc _ 53 U S Leath pr pf vic 143 US Pipe & F (50¢). 3 USRealty & Imp__. 91, U S Rubber ______ 2413 U S Rubber 1at pf__ 95 USSmelt&R (a6) 275 U S Steel_ 73% U S Steel pf (2) _ 315 United Stores (A) .. 51 Univ Leaf Tob (12) 1 Univ Pipe & Rad. 10 40 i 0s 1R 1R 915 Univ Pipe & Rad pf 100s 1 UtiilPw&Lt(A) . 13 Vadsco Sales Corp.. 11% Vanadium Corp 11% Van Raalte (a25e) 34 Vick Chem (12)._ 2% Va-Car Chemical. 17'; Va-Car Chem 6% D! 7212 VaEl & Pw pf (6)__ 1 63'3 Vulcan Detin (a¢) _ 4'x Waldorf Sys (50e) . 261, Walgreen Co (1.40 1'¢ Walworth Co.._ 1% Ward Baking (B) 28'; Ward Baking pf (2) 2% Warner Bros Pie___ 8 0s 308 3 8 1 2 2 76 14's Warner Bros Pic pf. 70s 21, Warren Bros.____ 20% Warren Fy&P (2)_ 3013 Wesson O&S (50c) 72 Wesson O&S pf (4). 34 R 31 12 1 West Pa Elec (T)A. 10s 397x West Pa Elec pf (7) 10s 52 Western Maryland 2%, Western Pac pt (d). 205 Western Union____. 18 West'gh'se A B 50e. 328, Westinghse El as0c 90 West'h'se 1st pf 335 10 Weston Elec Inst__. 163 Westvaco Chi ‘40¢c) 14! Wheeling Steel. 673 White Motor_ 1 White Rk M §(1.40) Wilson & Co (a2bc). 58 Wilson & Co pf (6). 51 Woolworth (2.40) 11% Worthington Pump. 7 4 99 6 97 1 53 2 21 1 252 Worth Pumppf A_. 10s 73% Wrigley W jr (13)_ 2% Yellow Truck .. - 18 Young Spr& W (2). 13 YoungstownS & T. _— 1% Zenith Radio.. 2% Zonite Products...._ given in the on declarations. S exira. fast_‘vear ' | reorganized. 3 Accumulated dividends. Companies x Ex dividend. 1 15 9 15 3 17 FINANCIAL ldfl 00. High. 137 59% 63 60m115 188 3815 28l L 4 am 2713 MARKET MARKED BY ACTIVE SESSION Trading Moves Into New High Territory for Year or Longer. STOCK AVERAGES a0 15 15 60 Indus. Rails. Util. Stks Net change. +.8 +.4 +.5 +.5 Today, close *67.3 269 38.3*49.9 Prev. day__. 66.7 265 37.8 40.4 Month ago_. 654 25.7 37.8 48.6 Year ago... 484 251 275 374 1935 high_. *67.3 27.6 39.3 *49.9 1935 49.5 185 21.6 343 1934 614 430 406 514 1934 453 228 242 349 1932 175 87 239 169 1929 146 9 153.9 184.3 157.7 1927 516 953 618 6138 (ompiled by the Associated Press.) *New 1935 highs. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, September 7.—The s | stock market rode over heavy profit today and taking barriers again '% | pranced confidentially into new high | + 1, | White exes +2% | | points were scattered | front territory for the year or longer. Gains of fractions to 2 or more over a wid> The President’s “breathirn letter still acted as the main stimulant The close w# Transfers approximated 1.- spell” buying strong. | 250,000 shares. | largest since May | | terday’s leaders, while resistant, Active Session. It was one cf the most active Sat- urday sessions in some time. Bloc. of 1,000 to 10,000 shares change hands at the opening and the ticke tape soon fell several minutes behin’ floor transactions. The first hour turnover of 730.000 shares was b 28, last. After half an hcur of excited deal- ings, the trading pace slowed as prol: takers began to appear in force. Ye we | restricted generally in their advance Among the active gainers we American Telephone, Allied Chemical | American Can, Air Reduction, Wes!- inghouse. Western Union, Aubu Case, Du Pont, Deere, Spiegel-Max - Stern, Union Pacific, Santa Pe, Rad Preferred “B” and common,, Unite States Steel Bethlehem, National Stee’ Sears, Roebuck, and American Chair Surh issues a General Moto: Chrysler, Consolidated Gas, Gener Electric. Johns-Manville, Schenley ar National Distillers were narro Ti metals and oils were backward Wheat pushed ahead at Chica~ and cotion was fairly steady. S ondary bonds followed stocks at more leisurely pace. Foreign changes were mixed, with sterling bit heavy. | P | anquoted | -%| | Approximate Sales of Stocks on the N. Y. Stock Exchange. 730,000 12:00 Nnon above" The” Iatest quarierly ‘or hal early | s Unit of trading less than 100 shares. a Paid t] reported In receivership or being l 290 000 + Annual rate— year. b Paid New York Cotton By the Associated Press. NEW YORK, September 7.—Cot- ton futures closed barely steady, 5 to 8 lower. October, 10.35-36; D 10.35-36; January, 10.37; March, 10.45; May, 10.50; July, 10.55. Spot, quiet; middling, 10.70. The market was fairly active after the call with further switching from October to later positions reported which helped to supply the near month demand and absorb the later month hedging. At the end of the first hour the market was steady with New Orleans and other Southern con- nections were among the early seilers. Another of the private end-August re- ports was issued placing the condition at 62.6 and the indicated yield at 11,- 404,000 bales. 10 SPYion, futures closed barels steads. § Last. 5 .35 .37 4 9 5 Cottonseed Oil. Bleachable cotton seed oil futures closed barely steady. October, 9.78b; December, 9.74; January, 2.%3b, and March, 9.28b. Sales, 33 contracts, including 6 switches. b—Bid. Liverpool Quotations. 5,000 Selee Ameritan . Beot moderste business (done: prices 1 point tations in_pence: American ur n-( middling, l-'ll. sood middling, ; low o middling. dling. 6. & stead: January. July, 5.65. 2: strict middling. 6.2 rict_low middling. mid- low ; strict_sood ordi 5 hutures Sctover 5.64; Mareh, 5.65; INSURANCE STOCKS NEW YORK. September York Security Dealers” Association: Aetna closed | gEw . 564 | Y May, 566 Admin Fund ww | Basic Industry 7 _P.—New | Bullock Fund_ Corporate Trut (Noon quotations.) Cas e Atha Fire (i a0 Aetna Agricultural Am Ins N Am Reinsur ( NEW YORK BAR SILVER. NEW YORK, Septembey 7 ().— Bar silver quiet and unchanged at 65%. Life (.60)_ @) ark ( Bid. o0 Amer_Gen Equiti Am Business Shrs L, | Corp Tr Accum Ser mod_ o | Gimuintive T S INVESTING COMPANIES YORK. September 7 ork Security Dealers’ ¢ (Noon Quotations.) (. —New Association Exchange Seat Transferred. Another Stock Exchange seat w transferred today for $135,000, an ac- vance of $15,000 over a sale announced vesterday. It was the best price re- corded for & membership since Apri 12, last year, and indicated to opti- mists high hopes for better busines in Wall Street. Steel production in August. it wa: | officially estimated. topped the best previous month of this vear and was 110 per cent ahead of the same 1934 month. It was the first time in a number of vears that operationa in August exceeded preceding months of the vear. Chain store sales for August in- creased substantially for nine com- panies and only two showed a slight decrease for the eight months' pe- riod. The rise in industry was ex- emplified by another decline in stocks of zinc in the United States during the past month. The total at the end of the month amounted to | 112,445 short tons, against 115,723 at the end of July. The Associated Press index of in- | dustrial activity this week slipped back for the second consecutive week The composite was affected by the more than seasonal setback in the production of automobiles, steel and electric power. NEW YORK PRODUCE. NEW YORK. September 7 15374 Mixed colors: from _Ess 8pec: 5. 2830 > 40 Bounds” 25: a4l reirigerator. o Sa23%4 othdr mixed colors unchanser Resale of premium mark nearby special packs, includin ERMELLE nearby and Mid- western hennery. exchanee specials. A- | mearby and Midwestern exchange atand- Ards. 34: marked mediums, 3138 Pacific Ooasi, liners. tancy. " - standards. freated of iiners mediums. : Coast_ pullets. :: refrigerators medium. Brown nl premium mlrl H'lill nearby | ecial packs. private sales from S1,. other brown unchanged Itry nominal. All freight grades express: All grades unaquoted All gresh and {4142 premiums, Dressed noultry irregular. frozen grades unchanzed Butrer. 6 501 steadsy. Prices unchanged Cheese. 5. frm and unchansed. 7 Money Available At 5Y,% and 6% —for Pirst Mortgage Loans on D. C. residence or small proper- ties. Building loans con- sidered. Charges reasonable. m. T. Ballard 1221 Eye St. NW. First Mortgage Notes 60/0 Interest Secured on homes In the District of Columbia. Wm. H. Saunders Co., Inc. Dist. 1015 —OFFICES— SAUL BUILDING 925 15th ST. N.W. Ideal location. opposite McPher- son Sauare: elevator building well kept and under constant super- vision. SINGLE ROOM _ SUITE OF 4 ROOMS_ --%$36.00 90.00 923 15th ST. N.W, ELEVATOR SERVICE 614 SQUARE FEET.___$50.00 1621 CONN. AVE. N.W. 3 rooms, suitable for professional Durposes; elevator service. RENT—$65.00. —STORE— 1616 K ST. N.W. Ground floor. heat furnished; aporoximately 1.100 square feet. RENT—$00. B. F. SAUL CO. 2100, 925 15th St MW,