Evening Star Newspaper, September 10, 1935, Page 16

A—16 ¥¥% FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., TUESDAY, SEPTEMBER 10, 1835. FINANCIAL. FLEMING FAVORS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGEM[]T[]RS STRONG By private wire IM to The Star. Prev. 1935 Stock and Bales— Nes. PM 1€38 Stock and Sales— Nes. Prev, 1035 Stock and . 193 Stock and Sales— Net. | Hlen Tow. Dividend Rate. Add 00 Hish. 2 Low. Dividend Rate. Add 00. . Cnge. | High. Low. Dividend Rate. A« h. Low. Close. 3 £ Dividend Rate. 4dd 00. High. Low. ku Cnge | 104 6! Consol Oil (a25c)-.. 29 8% 8% !l- 61 Libby McNeill & L... 6 46 @§36% Safeway Stores (2) g% .;;v. z'l'-. 38 c-mv. 32 Abr & Strauss (11). 308 46 46 - % 5 5 381 213 Lib-O-Ford G1(1.20) 364 + 4| 113% 104% Safeway Strs pf (8) 10s 110% 110% 110% + % 51 Acme Steel (12) 15 6414 sl +2%| 14 % 122 93% Ligg & Myers (14)B 1B +2 | 14%110 BafewayStrapf(D) 705113 113 113 +1 4% Adams Express ... 21 8% 8% Container Corp (A) 13! Lima Locomotive.. 21% 10% St Josepn Ld (40c). 26 2 0% 20% + W 84% Adams Exp pf (5).. 30s 93 4 27 Container Corp (B). 17% Link Belt (80¢) .. 37T +1% 1 StL-SanFrpf (d). 5 1% % U ’ 8 A:flr.s-o:‘hllllSB). fl‘i 13% 415 Contl Baking (A).—. Y g:% th‘::'d Carb (f1)... s 32% — % % 6 Savage Arms._ 4 Y . r 415 Advance Rumely__. ; - Y 5% Contl Baking (B).—. - 4414 31% Loe ). 43% DI 83 i i H rges More Data for Public LB oo Amiiaten Pro (8003 625 Contl Can (240) -~ 10813102 " Loew's Ine ot €39 106 0 Combine With Specialties f - | 149% 104 Air Feduction (+3)_ ; Contl Dia F (a55c)_. 1 LoftIne. ___. 1% + % 55 Scott Paper (1.80) . . in Address Today at 2014 15t Alaska Jun (160¢) - % Contl Motors. 1% Long Bell Lum (A). 2% — 4 4 Seaboard Alr L (d). % % to Keep Trading Steady T 313 113 Albany Wrap Paper 15 Contl O Del(a37%¢) Loose-Wiles (2)._. 2 384 % 20% Seab’d O Del (160¢) < . Atlantic City. 2 % Alleg Corp (d) % i 41% Corn Ex BK&Tr (3) ? % Loose-Wiles pt (7). % 1215 31 Sears Roeb'k(aT5c) Y Despite Profit Taking 7 1% Alleg pf xw (d) 62 CornProd Ref (3)_. 9 67i 25% 1813 Lorillard P (11.20)_ 25% + % 1% Second Nat'l Invest. 1 2 BY EDWARD C. STONE. S0 ] :”exhzr.:y S!lst)l = 2 Gn ooy Ine o esm " 1443 124 Lorillard Pt (1)... 1384 40 Seo Nat Inv pt $2%. Addressing the Financial Adver- fed Chem ( - 9 7 Cream of « i ¥ "% % La Oll Ref (d) . b 7% Servel Ine_____. thais' o Mo at Atlantls Gity to-| .7 3% Allled Stores 7 1235 Crosley Rad (a2ic). 5 45 La Oil Ref pf (4) . . R - % 9 Sharon Steel Hoop.. P y STOCK AVERAGES 3% 49 Allied Storespf (5). 5 9 2315 Crown C&S (1) __. ‘ 225 10% Louisv G&EDLA 1%. : A 20% = 1 3% Sharp & Dohme.____ 5 day, Robert V. Fleming, first vice| 94 12 Allis Chaimers 2 315 Crown Zelleb'k Vi 2 34 Louis&Nash(a2 rivat 43 £ (3% president of the American Bankers'| 20y 14 Alpha Port Cmt (1) 14 Crucible Steel ... 200 1o Loaium Steer. b 208 + 7% g:::?u:k?r?c()‘(i'a){) g n..u Vi stes. Association and president of Riggs 210 Amal Leather __ 474 Crucible Steel pf_. 2| 1241 90% Ludium Stl of (6%) 128 43 515 Shell Union Ofl ___. 3 Net change. +.7 +2 —2 +.4 National Bank, urged a four-point 48'; Amerada Corp (2) . 1 CubaCo . 8% Silver King C(40c). 23 2 Today, close*68.1 2'l 1 38.3°*50.4 program to bring about greater under-| ° u: Am Az Ch(Del)(3)- 5'» Cuban-Am Sugal 2 E 40 McAndrews&F(12). 2 2% 4 6 SimmonsCo....... . day__. 674 269 385 50.0 standing on the part of the public of K ]"‘ 2 Am Bank Note w;« Cuban-Am Sug pf. b 9 91y 35's 28 McCall Corp (2).__. 2 2+ 5 Simms Pet (a50¢)-- 5.3 265 384 48.9 the true functions of banking and a | yigi 130 A Brk Shoe (1)- A3 Gudshy EXE (34D 82 3 7% McCrory Stores (4). w 11% 62 Skelly Ol ____ 2 10 243 270 366 p D o e &l 110 Am Can (t4) _ 15 Curtis Publishing 3 ‘ 74 McGraw Hill Pub . ; 2 53% 24 Sloss-Sheffield pf_—. 1208 : ) = e proper appi e 151% Am Can pf (7). _ 8915 Curtis Pub pt (7) 3 4 365 M p 15% 276 39.3*50.4 stomers. He advo-| 25 ; 5% 863 Mclntyre Porcu (2) 39 9 s 15% Snider Packing relation to his customers. He a 10~ Am Car & Foundry_ 23 901, McKeesport T P (4) 2 22 15% 10% Socony-Vac (30¢) - 1 5 318 %8 cated: 2513 Am Car & Fdry pf 6% Curtlss Wright (A) 13 77 5% McKeoncr & Rob. .. | 24 28% 20 Sou Porfo R Sug(2)x i 614 430 406 514 “Pirst—Through the American In- 8 AmChain.. . ... 61 Cushmanspf (8).__. 10s 32 McKesson & Robpf. ¢ 23 10% South Cal EA (1%4). 14 2 453 228 242 349 stitute of Banking, the Graduate| ‘qu, ‘st Am Colortyme 16 Cutler Hammer. 85 McLellan Stor ; 21% 12% Southern Pacifie_ 175 239 169 school of Banking, Bank Management 221; Am Comel Alcohol. 14 ] 4 $0i% McLallan Btaresyt 0 e ey 146015391643 157.7 Commission, bank management con-| 17% i3 Am Crystal Sugar_. 13 . 22% Deere & Co- 3013 Macy (R H)& Co(2) y 5% 8t Sparks-Withington. 516 953 618 618 ferences and customer relations clinics. 72 AmCrysSistpf6. 10s 19 Deere&Co pf (375¢). - 513 Mad’'n Sq Gar alse_. 7 3% Spear & Co___ x (Combiled bty the Associated Press.) sl sl oA ey TanE oM | % Am Encaustic (d)_. 3 12 2315 Delaware & Hudson 18 Magma Copper (2) 36% 32 Spencer Kell (1.60). New 1935 highs. - e maRBanasDAMA + 14+ s, o B 2uas +lilHl A i+ 440 00 B » 2SS cRamne—na nna=on " EEE wRNne eXa +l+++ 1t ey L4 . R H Al nr R ElE R amRsew it alii <3 W N and employe in banking laws and pro- 2% Am European Sec._ 1 11 Del Lack & West._.. Manat! Sug pt (d 134 T4 Sperry vtc (a25¢) = A 2 Am & Foreign Pwr_ 31 113 Den & R G W pf. Mand 14's 814 Splcer Mf, E T cedure as well as in the principles of | 42" 14 Am & For Pw §7 pf. 65 " Detroit Edlson (1= : 5 Man Flew ged . 7813 43% Spiegel-May-Stern BEIVICEOR FURANN public relations. Am & For Pw 2d pf_ 3 17 35's Devoe & R (1) A 9 Man El md gtd (d)_. < 19% 13% Stand Brands (80c). 83 ks % Associated Press Financial Writer. “Second—By individual advertising 84 Am Hawaiian S8(1) 12 2 2613 Diamond Mtch t1%. 29 Manhat Shirt (60c). 5 213 Stand Com Tobacco. ¥ NEW YORK, September 10.—The campaigns conducted by banks, ac- 1"%‘ Am Hide & L pt 3 38 346:. Dome Mines (12 3 39 5% Marine Midld (40¢). 8 9% 1y Stand Gas & Elec.... strength of motors and specialties quaint local communities with the | te 294 ’l\t: li::ma Pr (2.40). 0% 3 17 g::\‘!lna'::’sru::;ac, . 2 Market St Ry pf_ . 2 l‘},:: :!. .Sum;l‘g&lill pr_ kept the stock market on its fect to- | 21, = - 37 Marlin-F 3 : 2| % Stand G & = i . facilities and functions of their banks | 371, 18 " Am Ice pf (6) - 2 3% 131 Dresser Mfg A bl 2 2 Marahall Field & Co s 27 6 StandG& B 41 pET ay e ke e and, by constructive rather than nega- 97y 4'; Am International _ g ' DuluthSS& Atl__.. 32 233 Mathieson Alk(1%) 2 3 | 38% 27% Stand O1l of Cal (1) the recent leaders. tive copy. educate the citizens of these 9 Am Locomotive . 7 G 2 Dunhii Internatl_ 5 May Dept Str (1.60) % 4 111 Stand Oil Exp pf(5) A number of issues pushed up te communities in the true principles of | & 32 Am Locomotive pf 5 s 2 9 12% Duplan Silk (1) ... i i ; Maytag Co e 4 2 Stand Oil of Ind (1) new highs for the year or longer. The banking and what banking service | = 1:;-;::: }\Gz;i;\:::ln‘c) 1 l:-;‘ g\\:l}{::lslfl'l;x‘a;.fl).. lill: 2 3 Maytag ww ($3%)_, 5 3 “‘ :'land oufi; 1) utilities and rails were quiet. The . their ect ic life. 5 e 8= B g e = e 3 12 Melville Shoe (234). 3 2 Starrett (L S) (1) s vas . ‘Transfers ap- cans o e o 41, Am Mch & Met vte_. 115 104 Duquesne Lt 1st(5) 10s 2 114 1145 3. Meigel'Co jn) %) s 5is 577 58% Sterling Prod (3.80) j sy "’3* ;oa;o 38:,“ i 2 “Third—By close co-operation be- 1312 Am Metal Mengel Co pf. .. 140s . 2 1' Sterling Secur (A)-. eroxmated o B tween the Public Education Commis- | 115'2 72 Am Metal pf (12) 8 3% Eastern Roll Mills. T Th Th 22 Merch&M Tr (1.60). 1008 2 3le Sterling Secur pt___ 1| Prices backed and filled during the sion, educational director, publicity | ¢ 1'; Am Power & Light_ 15315 1103 Eastman Kod (15) .. 6 156 E Mesta Machine (2). 24 35 3 3 4 3% 6% Stewart-Warner_. greater part of the session. but the department and its director, of the | e 1?'- :rmn Ew:fi :; ngv_ 164 I:én ::)l:nm::;x{l\'c(:ln)flfi) 5 5 155 b Miami Copper ____. 24 % 4 25 Stone & Webster_. 1, | list gave ground grudgingly on the » 9 W W L, o * % Faton Mfg ( S 2 27% 14 y P 214 Studebaker Corp... American Bankers' Association and| gl yg; am padiator ... 75 3% Eitington-Schild___ 2 64 54, fi;,g,f::;f"l‘;‘sf,’ o Siel ok ‘ 60% Sun OI (11 xC s 1 67 Tealising | Surries fwcdy the ¥ oL the Financial Advertisers’ Association | u7x. 151, Am Rolling Mills 29% 19% Hlectrio Auto Lite.. 87 29% 2813 29 s o o : 121 116% Sun Ol of (6y. 67% 67% | dwindled. The last-hour upturn wai make understandable to the laymen| 95 66 Am Safety Raz (5 112 107 Elec Auto L pf (1) % b et e UL ASLUE RN (308 (AN LIRS 25 Superheater (50¢)_. . the best of the d'y'd Su e “"d‘“‘ the functions of banking, to the end| 1312 4'; Am Seating vte 91 37 Electric Boat. : 3 MStP&SS Mlsin. : automotive group and favorcd indus- ery be taken out of | 2 20 Am Shipbldg (2)._ 5% Elec & Mus Ind 6 n - ¥ Mission Foit i | trials was generally linked with rosy v 2 k s iy | as a matter of fact, 1% Am Smelt & Ref ~ __ 1's Elec Pw & Lt 5 21, Mo Kans & Texas _ earnings prospects. no mystery exis | Am S&R 7% pf (1) B Hiso Bw & LC 38 2 13 57 Mo Kans & Tex of. ends Declared > Am Steel l-‘oundry = 3 Elec Pw tl.,z 87 pr. Mo Pacifl v ' “Pourth—By close co-operation be-| 4 5 i ":(é::((fl;, 5 New dividend declarations attracted Kor: i 5 5 Mohaw! albe tween individual bankers and com- | ‘;514’-‘ :m ngar "r)n hn‘ HaNESEub B : i 55 Monganto/CHenicfl) 19 > 9% 6% Telautograph (60¢) | attention in the z"”;omn' Americad mittees of the American Bankers' As- ': Am Sumat Tol (+1y 4 b & of. 3 3¢ | 3 Montgomery Ward. 127 E 5'a Tennessee Corp.... Rolling Mill voted a 30-cent pavment gociation and the heads of Govein- | 987, Am Tl & Tel (9) g P S$5.50 pf ww 91, 39 51a Morrel & Co (3.60)_. gl b o Texas Corp (1) ___. the first since January, 1931, when 5¢ ment, both national and State 90 Bl Am Tovacsoi(5) =~ 97 96% 9 A A D e e e 42 Motheifiche. ... 2 28% Texas Gulf Sul (2). % e biwei e Houdeilic Herahay - e & 74% Am Tobacco B (5) . 291, | i SGIE e Bldg._. 612 : Motor Products (2). 2 14 Texas& PacRR - declared a 25-cent disbursement on the > lv;\l's ln ividua vertising. 1291s Am Tohacco pf (6)- 14 4 :«P:ORR = y Motor Wheel (60c) 2 " 3% Tex Pac Coal & Oil. | Class “B" stock. The last previow r. Fleming's Views prove 22, 9 AmTvpe Fpf (d)__ '; Erle R R 1st pf. : ! s = 213 8 Tex Pac Land Trust : s - u M " 7. 5 9 P 9 A A ¢ S 3 o o re i ) very different from suggestions made | 1 Tiw Am Water Works Mulina .\(rg m: = 3 ; 2 13ts Thatcher (1) . payment was 30 cents a share in July. on the opening day of the convention ‘f, :m ;‘vf“]“" 1st (6)- by et 1 3 Mullins Mfg (new). 3 5 50 Thatcher M pf(2. 1030 B e - i v W v 2 » Am Woolen .__.__ P 3 3'¢ Munsingwear Inc _ & 2'3 Thermoid Co Cotton moved forward, further re. rflt;egfi;g::?:a;vr:gtfix%r;nklg:::uer{!lcl; 3573 Am Woplen pf 2 Exchange Buffet _ 160s 213 2l 2 170 M 7 5% 16 Third Nat In (a5e) flecting the Government's lower crop (i s > 3 s Am Writ Pap = 30 A 3 ¥ 7, 544 Thomp'n(JR)(50c). s The Washington banker, while in 21, Am Writ Pap pf (d) 17 Fairbanks Mors 25 241 A I (ERIET D } e figures of Monday. Corn rallied an¢ 13% Thompson Products favor of co-operative advertising under L 3 AmZinc & Lead __. 5% Fed Lt & Tr__ e 1% Thompson Starrett. $ : - the other grains improved. Bond: certain conditions, believes that ad-| 20% & Anaconda Copper. 3% Fed Motor T (al0c). Tk Q:f':“hwé' 1)-ee 7% Tide Wat Ass0 Oil_. F 4+ 1, | were mixed. Foreign exchange move vertising by individual banks is the, 28 16'< Anaconda Wire 2 Fed Screw Works__ e Rt doaton 26% Tide Wat O (a65c)_. 10s 39 39 39 ments were restricted most effective and helpful. ]}";""7 :ncnflrf_flb (60c) e :f:g,;"filgr Svlc;f!- . a3i Nat Biscuit (1.60).. 9 5 4% Timken-Detroit I Owens-Illinois Glass shares recov His address today was on the subject 108 107 A:gf‘:i‘n;:enrns*) 2805 Fid Ph b In (11207 3 ! 31; Nat Cash Ri A (500) 129 e Timien RB (11) - 52l 5015 4 ered more than 3 points of thelr yes “The Spirit of American Banking.” | 5o a0 arterobnal (119 T8 Bireathns e Nat Dairy Pr (1.20) T;:::nmor?:?z%::? e “ !terday's decline and Eastman Koda: “The relationship between a bank | 93 Armonirof Blinots 841, Firestone pf A (6) . :dl Dal f)gl‘fA a Rk Willanis was up around 4. Chrysler, Genera and its clients,” he said, “is quite dif- | 5515 Arm'r(T11)pr pf (8) 45% First Nat Strs (23%) et DentLlores ) L2 r1-Contl Corp... : - ¢ Motors, Hudson Motors, Briggs Manu ferent from that which exists between | 32'a 1613 Armstrong Cork 508 214 Follansbee Bros(d) IN&L Dep: Stus pf o) 12 W28 1 Truax-Tra Coal 3 i facturing, Westinghouse, Case ant | 201 It Nat Distiliers (2) . any other business and its customers,| & :‘ Arnold Constable 20% :_nna .l-‘chlno (1)-- Nat En & Stpg (2) . Truscon Steel _ T 7 Johns-Manville recorded new 193 for in the first place banks simply | e 7::: Brg ,":i""‘f“ e l_.g:"::_"\‘.f“::ll::l;f" Nat Lead pf (7) A_. 20th Century Fox. 3 tops with advances of fractions to : have services and credit to sell, where- | 5308 75, 4900 REUPE o 184 Rour Nat Enwatao . Sk Nat Lead pt (6) B__ D ¢ Sxih Centiiey Hox Pf 2 267 points. There was a heavy turnove) as the average business has a more | 6% Atch To&S F pf(5) 30' Frank Sim ptf 33% 5 s Nat Pw & Lt (80c). 11 . il c;:iix’r g 9 3 % | of Packard at a small gain. Amon: tangible product to offer. Further-| 37., 191 Atiantie Coast Line 13 7l4 Freeport-Texas (1) : : s Sl G = other gainers were Timken Rolie) more, we are in the position of owing | 3 Atl GuIf&W Ind | 4% Fuller Co2d pf____. » '\.:: :r‘:;":s"ofl‘" 53% Und-Ell-Fisher (2) 3 67 + 1 | Bearing, Eaton Manufacturing, Allicc our depositors the money they have | 21% Atlantic Ref (1 2 i - 3 , e 29 Union Bag&Pap (2) % 30 % + Chemical, Continental Can, Americar placed with us and, therefore, failure | 46" '4%:. Atlas Powder (2) 2 43 3 - .gabrlel C“oClA). z 32% 2 ;:{2&2:’5?5;‘!?3:: < an s 44 UnCarb&C (1.60). 149 . 651 67 72: | Can, Liggett & Myers “B,” Kennecott of a bank creates quite a different ll:_ 10‘ ] :m: ;wrkp! m)— t $ g” G:;n;:mv:iwru 7 . - 9 Newberry J J(1.60). ;:u gn o1 ‘;; Cal (1) 181 H\nacondl Howe Sound, United Siate: situation than that of a grocery store, - 7y Newport Industries 's Un Pacific (6) - 1"2‘: 10113 10215 2 *| 392 15 Auburn Auts 7 32% Gen Am Trans(1%) k ‘2 Un Pacific ptf (4) 2 881y merchandising establishment or any 4% 2% Aviation Corp(Del 11% Gen Asphalt E N ¥ Central RR 20% Un Tank 1 one of & number of other enterprises 25, 7% Gen Baking (606)_—. p : 2 NYChi&StLpt_ X UnTankon (). 200, 2, o e catering to the every-day needs of the | 6% 113 Baldwin Loco (d) 8 5% Gen Bronze. Ny kel 10 2 42 United Alr Line vte - y T public. 26% T'; Baldwin Loco pf (d) 7 4 4 e N Y N H & Hartford . 26'; 20% United Bisc (1.60) “When these latter enterprises fail| 17% 7'; Baltimore & Ohto _ 12 5 16% 17 ‘ S 1 % N Y N H & Hartf pf ? 46 United Carbon 2.40. s a rule the public is & debtor and | 22% 9'x Baltimore&Ohpf. 32 221, > 22!z 4 v 3,3 2:: (é’,"’.': ?f” Ll N Y Rwys pt o 114 United Corp.._. feels sorry for the fate of the un-| 109'2100% Bamberger pt (§1) 109 109 L L ol o e N ¥ Shipbuilding 215 125 | 4412 20% United Corp pf (3 fortunate men whose business has| ‘g7 °3.: Barker Brotners . 1 ‘e e o | g - . = - N Y Steam 1st (7). ple § . :“ 3:;::; g'“‘"*d | By the Associated Press. failed; where institutions like banks| 61 32 Barker Brothers pt. 100s | 1 G 3 ¥ 4 3 Lok NorandaMines (1) Bl "t 2x Gotted Bles Coat NEW YORK, September 10.—Cot fail, owing a great number of people| 10% 57 Barnsdall Corp 46 9 I 91y T0'; 597 Gen Mills (3) 4 9 Norf & West bt (). H e ey 65 United Fruit (3)___ o {fon was slightly firm today in re money, a different sentiment is aroused | 51'a 37': Bayuk Cizar (41) _. 4 11‘1 116 Gen Mills pf (6) . 9 9 L 2 North Am Avmmnt « 91, United Gas Imp (1) 67 sponse to relatively steady cables. con in the public consciousness. Even| 1 u « Beatrice Cre (a50¢). 5 5% 15 % s (12) 53 6 L 2 9 North Amer Co (1) 2 | 8’_7‘, United Gas I pf (5) b +1 | tinued small offerings from the Soutt today it is hard to convince some| ¢ Beech-Nut P (43) _ 3 92 9115 92 g % A f 3 s 35's North Am Co pf (3) 2 & 5 US Distributing pf 170s % + 2 and reports that further rains in the people that it was not bad manage-| 137 Belding-Hem (a1) 9 1 [ 2 aen Gntdoar At = o 21 13's Northern Pacific . 75 18 3% 44U S& FornSecur_ : = | South Ly ving the movement o et b PR oSt chighT 215 Bendix Aviation 5oL 20 13'; 10 Gen Outdoors Adv A K 5 5 513 11 U S Freight (1) 3 = o e Coly e a2 z o hl honesty, but chiefly the | J5.7 151 Beneficial Lo (13%). 5 q 38 17% Gen Print Ink(1.60) 42 36 36 3 357» Northwest Tel (3).. 2 « 40'5 U'S Gypsum (+1) 8 % | cotton to market. December sold up a?c; : ;:d ]teld !he{mfl;fises to withdraw 50n. 34 Best& Co (2). .___ | 34% 15% Gen Ry Stgnal (1) _. 3 : 143 USGypsumpf (7). 608 15 s .+ 1| to 10.54, or 13 points net higher an¢ id ho heir funds, coupled with| 40% 21% Bethlehem Steel 123 +| % % Gen Realty & Uti 914 Ohlo Ol (a18c).__— 1 ; 7 \ *| was ruling around 10.52 in the mid the depressed value and non-liquidity | 103% 55% Beth Steel pf(a1%) _ 9 1011 | 23% 16% Gen Refractories 16% Oliv Farm Ba(new) 9 | 46 35% U S Ind Alcohol (2). 5 + a, | afternoon market, with active month; of assets, which was responsible for| 26% 14% Bigelow-San Corp . 760s | 40'; 14 Gen Stl Casting pf. Fis QuatmsCo e < T 34w USLeathervtc._.. 13 9 21 showing net advances of 6 to 1t the failure of many financial institu-| 14 _ 9% Blaw-Knox . T i2el 1 1912 12 Gillett Saf Ras (1) 0 poshSin Gt e ) 5% 713 US Leather A vtc__ 5% +1 pomw tions and resulted in great suffering| 112, 1034 Bloomingdale pf(7) 110s 5'2 2t Gimbel Bros .- 111, Otis Elevator (60c). 53 US Leath pr pf vte. 2 4 o erost ors hor & 161 6s Boeing Alrplane 55 154 49 18 Gimbel Bros pf. 106 = Otis Elev pf (6)__ 22 14% USPipe & F (50¢)_ 19% 204 + 3 forie Ko G R Beidsi wers and stock-| 5ol gou, Bonn Alum &Br (3) 504 4914 30%s & a4l 34% 23% Glidden Co (11) - 41, Otis Steel-—_______ 6 3 ' USRealty &Imp._ 32 S sufiFes cloed very . a8 90 Bon Ami (A) (t4)__. 20s 93 9 9 o | 109%°1047 Glidden Co pr pt (7) 8413 22% Otis Steel pr pf 9 91, US Rubber..__.__. B 18 15% Lauds O'Connor Banking Code. | 47% 42 Bon Ami (B) (12) f : +| 4% 11 Gobel (Adolf) (d)-— U0 50 Oweus il Glan 2413 U S Rubber 1st pf__ 391, 38% 388, The Washington financier lauded ! 21 Borden Co (160) __ 2 37 18 14% Gold Dust (1.20) .. 93'; US Smelt & R (a6)_ 5 95 9213 923 the code of banking ethics which| ° 28y Borg-Warner (2) _ 5 117 7'z Goodrich (BF)_._._ 17t 14 Pac-Amer Fisherie: 73 62'a USSm &R pf (333) 2 Tl Ty 4 Gontroller 3. P OiCEae ines| 2 g1, Bridgep't Brass 40c 2 581, 40 Goodrich (B F) pf_. 28% 134 PacificG& E (1%)- 4 2713 U S Steel____ = T 464 46% | M0t sieady: i cently igpested in a ietter to the| AB% 24% BriggsMex () 7 267 15% Goodyear T&R - 6 20 19 Pacific Ltg 12.40) __. 21 73% U S Steel pf (2)___- 121 112 112 e i e | 45% 231, Briggs & Strat (3) 92 70 Goodyear $7pf (4)_ 5 i Pacifiomills "~ __ 2 3!3 United Stores (A)_. 5% 5l 5% T L president of the California Bankers' | 30 Bristol-Mvers (12)_ : 357 4 7 313 213 Gotham Silk Hose__ : 5 70 Pacific Tel & Tel (6) : 3 51 Univ Leaf Tob (12) 64 641 2 e e, . Spot. 00t gsscl:(cliau;m, :;u;chmg on the new 361 Bklyn-Man Tr (3) _ | 20 Gotham Silk H pf s 354 111’3 Pacific T & T pf (6). | 153 1334 Umiv Leaf T pf (8). 40s 2 15214 by done " prices 3 points Hisher anking law which has recently gone 90 Bklyn-Man T pf(6). d ? . 14 Graham-Paige 2 2 6% Pac Wn Oil (b40c) - 214 1 Univ Pipe & Rad 122 1% itions In pence; American. stelet R00¢ into effect, Mr. Fleming asseried: 1% Bkivn & Queens __ : = 34 Granby Conso : | 3's Packard Motors __. : : 19% 913 Univ Pipe & Rad pf 630n 115 T i Soeadima 15 atrict o “We now have a new banking law :é S;‘fl‘“fi?flénwi 25 5 }g'. gr-mlill)gl?t (slu%‘)l_). 8? ;‘ar-m t Pic tnew\t " 4% 1 UtlPw&Lt(A) 7 3 mid 2 " T Y yn Union Gas! 5 Z « Granite iy 5 5 93 >aram’t Pic 1st pf_ 3 which makes deposit insurance as 4% BucyrusErle .. 2 € . Z 1| 2a 1% Granite City Stirts. 2 2%, 91, Pagam’t Pic 2d pf : 3 114 15 Vadsco Sales Corp.. % sound and worfmble as we believe this 5 f1« Bucyrus Eriecv pf_. 2 13 3% 17 | 26 Grant (W T) (11)__ 2 ' 37 7 2y Park Utah . . 21% 11% Vanadium Corp .. XR'-: u-: type of legislation can be made and | 314 Budd(EGI)Mfg _. 6 5% 237 9% Grt Northernpf____ 5 %, Parmelee Transp't_. 25 11l Van Raalte (a25c).. 241, 241 the confidence of the public in the 4 23 Budd(EG)Mfg pf.. 9 " 9% Grt Nortn Ore (50c) 3 13 £ K 5 Pathe Film Corp- 3 381 34 Vick Chem (12)__ 9 2 37% 38 safety of their funds should be re- | 1; Budd Wheel _ 346 67 37 32% 26% Grt West Sug (2.40) : } 5 8% Patino Mines _ 3 3 4% 214 Va-Car Chemical 5 6 4% 4% stored. The banking act of 1935 also ! 97 Bullard Co . g % 19 119 Grt West Sug pf(7). 3 9 % Peerless Motor. 1 27% 17'y Va-Car Chem 6% pt 25% 25 clarifies many ambiguities and elimi- 3% Bulova Watch i1 4 5 34 Greene Canan (12)- 50 2%, 574 Penney J C (2)-. 2 110 85 Va-CrCh7% pf(7)- 107 107 107 | Sl = 131 Burr Add Mch(60¢) 178 20'; Greyhound Corp__—. 7 17% Penn RR (1) 9 2! 4 105 72'; Va E1 & Pw pf (6) . 10413 10415 104'5 — 13| By the Associated Press. ates & number of unnecessary re % 1 BushTerminal(d) 1 2 2 6 Guif Mobile & N pf_ 31y 23 30 Peoples DS (11)oon ; 2 VaIron Coal&Coke. % 4% 4% [RESR o . quirements contained in the banking | 10 Bush Term Bofcod 508 48 Guif States Stl1st_. 17% Peoples Gas Chi_.—. ‘ 63 Vulcan Detin (a4) 7 71 CHICAGO, September 10.—Higher &ct of 1933. 1% Butte Copper&Zinc. .3 3 e e e — 163 Pere Marg pr pfo-—o wheat futures prices here today ac- “In addition, the new law, while %, Butterick Co (d) 2 M % oy 34 30 Hack WpfA (1%)- 31 4 . 14% Pet MK (1) ccecee 5 26% Walgreen Co (1.4 31% 31% 314 companied strengthening of the world retaining the fundamental principles | 11% Byers (A M) ;gfi Gg‘/i glm:}ton gl:fl;«‘- 3 1 2 7% Petrol Corp_.. 114 Walgreen %t (8%). 118 + 1 | statistical position. on which the Federal Reserve Sys- AmAton aleans %l 210 121 Phelps Dodge (az5c) i ThIWalworth €o 2 2% 28 | o i fGiinded tengtizhe s(’hei + 30% Callfornia Pkg(1%) 108 101 Hanna (M A)Df(7)_ 5% 105 23 PhilaCo6% pf (3). 4 315 5 Ward Baking (A)._. 8 10% 101 — 3| EXpectations that Prench whest ex- pesd Rt | 4« Callahan Zine . 2 25% 16 Harbison Walk (1). 55 25 6 31, Phila Rap Tr pf(d)- 1% Ward Baking (B)__ 2 2 2 ports will cease, orderly marketing ot ystem, so that the board and the "', Calumet & Hecla 127 5% Hat Corp of Amer. 2 12 123 4 ‘s 1% Phila & Read C&1. 2 3 2815 Ward Baking pf (2) . , | Russia’s new crop and small remaining representatives o{ the regional banks, T3 Campbell-Wy a40e.. 4% 1% Hayes Body. - % 2 35% Philip Morris (1)_. ) : 214 Warner Bros Pic___ 6 supplies in the Southern Hemisphere working as a unit, should be able, to R/1; Can Dry G A (40¢). 117* 85 Hazel Atlas Gl (5)_. g 291, 13% Phillips Petrol (1)_. 6 7% 27 14}s Warner Bros Pic pt. 2 | with unsatistactory Argentine pros- A degree not heretofore possible, to| 13% 9% Canadian Pacific 2 11 Hercules Motor (1). 25% 2415 25) 3 Phoenix Hosiery. .. % Warner-Quinlan. % : [ pects, were cited as bullish interna- prevent undue inflation and contrac- 20 Cannon Mills (2) TLEkecculss Ew {1807 | 50 Phoenix Hpf (3%3)_ L 216 Waruan Beow 3 3 tional trade factors. Profit taking and tion of credit.” 3% 4% Capital Admin (A). 104 Hershey Ch pf (14). Pierce Petroleum _. g 3 20% Warren FAy&P (2). 43 29 29 held Ch sheat in check 45% Case (J I) Co 5% Holland Furnace __ | 36w 31 Pillsbury FI (1.60)_ 4 Webster Eisenlohr_ 40 4 hedging held Chicago wheat in Discusses U. S. Activities. 512 3615 Caterpillar Tr (+1). 6% Holland & Son (50¢) '\ 26% Pitts Coal pf 30!z Wesson O&S (150c) 9 3 2 early but offerings lightened later. In urging a broader long-range atti- 19'; Celanese Corp .. 9 ‘ 2 30% Houd-Hersh (2%4) A 6 P 512 Pitts Screw & Bolt.. 34 WestPaElec (1)A. 10s 5 | Wheat closed 's off to 3 higher 2 36 West Pa Elec pf (6) 110s 7 2 | compared with the previous finish, De- tude in dealing with customers, Mr.| 47 1% Celotex Co (d) 2 37 613 Houdallle-Hersh B W 21 50 22'x Pitts Steel pt & g L Fleming said that during the current | 53% 11% Celotex Co pf (d). L 9'a Houston Oil. : 314 1l Pitts United Corp__. 39% West Pa Elec pf (7) 100s 89'; 89 | cember, 93':a%. and corn was 'qa's 3 | 95 West Pa Pwrpf (6) 208 113'; 113% up. December, 5674857, Oats gained Vi 4 nt AR o % Ho n Oil (ne 7 / emergency the Government of neces- 22% Cent uire (1%) H e, . 1% Lol 59 24'3 Pitts United C pf. 34 Central RRof N . 56 17% 6% Pitts& W Va______. 2 15 DG Vextett M ExIna 14875, Rye 34a7q, and barley was un- % Western Pac pf (d) s87g, Rye 34275, 3 sity has taken over some of the func- 6% Century Rib Mills 1 % 6V o 2 tions of banks, by aiding the people | as, 3R Cerrode Pasco (4)- 51 5 6% Hudson Motor Car- 2 I et Sl 20% Western Unton___ | changed to 12 lower. Provisions were of the country, where private institu- 3% Certain-teed Prod 8 3% % Hupp Motors 3 164 4% Postal Tel&C pf (d) 81 18 West'gh'se A B 50c_ 3 -+ | higher. tions were unable to do so on account 23 Certain-teed Prpf_. 280s 91 0 ——————————————————— i 5 Pressed Stl Car (d) b4 % 32% Westing! Elas0c. 1 . g Open. High 1(4;v fi(gn»! of existing conditions. 37% Ches & Ohfo (2.80)_ 15 ‘ 17% 9% Illinois Central ... 17 615 Pressed St1C pf (d) 13% 90 West'h'se 1st pf 3% Sept. - 21 o _;‘;',,: I TCH “This has brought about a situation 7% 36 Chesapeake Corp(3) 23% 15 Illinois Central pf_. 3 ¢ 53% 42% Proc & Gambl (13%) 20 534 52% 10 Weston Elec Inst__. T 047003 directly affecting bank earni M 1% Chi & Grt W pf (d) . 57t 40 I11Centlse lines(4). 3 % | 120% 115 Proc & Gam pf (5)-. 115% 16% Westvaco Chi “40¢c) 2 o R R 15% Chi Mal] Order (1) 33 2% Indus Rayon (1.68). : | 45 20% PubSveNJ (240) 15 42% 42 42 164 Whealing Stael .. e Gt ished by the| ©, % Chi Mil StP&P (d)_ 9815 6014 Ingersoll-Rand (2). 100 62 PubSveNJpf(5)_. 4 99% 994 46' Wheel Stl pf(:113)_ ernment as emergency organizp- % Chi M StP&P pf (d) -+ 93% 464 Inland Steel (12)__. 111% 73 Pub Sve N J pf (6) 2 110 110 6% White Motor tions are still functioning, and will 5 1% Chi& NW @) _ 5 213 Inspiration Copper.. 9 . " 527 34 Pullman Ine (3)——— 13's White Rk M S(1.40) have to continue tc function until we, 3% Chi & N W pf (d) .. 22% 8% Interboro R T (d).- 22 r 'm.' . 1% White Sewing Mch_ 8s bankers, take over the facilities 9 4% Chi Pneumatic Tool 8% ;v. {nterl-l:l llron..l 2 7615 34% ;7 g:lc" Oil & Gas w offered b vhere- 4 20 Chi Pneu Tool pf... 5 % Int Agricultural _.. % 33 ¥ * Wilson & Co (azsc). D e B (WA % Chi R 1&Pac (d) . 1847 149% Int Bus Mach (16) ... : : % ! B it WimmECopEte) P e e 1% Chi R 1&P 6% pf(d) _ | 7% 3% IntCarrsLtd(20e) 18 L 4« 51 Woolworth (2.40) __ G omplAts| agsingy 1% Chi R 1&P 1% pf(d) 3% 3 3. _ | 33 22%IntCement(l) x | e 11% Worthington Pump. ernment participating in busi- | 4 251, Chickasha C O (2).. 3 25 258, th 5714 341 Int Harvester 60e) . 21 4 Radio Corporation < % 25! Worth Pump pf A__ ness; let us, therefore, make it pos- 9 Chile Copper .. ._. 10s 24+ a,| 162 135 Int Harvesterpt(l) 2 5 50 Radio C'ppt A (3%) % 3515 Wright Aero. ... sible for the Government to get out| 70% 31 Chrysler Corp (t1). 502 72! TI% 41% 4% 1% Int Hydro Elec (A). 4 3 35% Radio Corppf B __ 3 4 82% 73% Wrigley W ir (13)_. of business. I do not advocate the| 247 14% City ice & Fuel (2) 37 15 3% 1% Int Merch Marine _. 2 1A BaE e —— e making of unsound loans, or engaging 7515 City Ice&F pf(6%) B60s 75 75 — 13| 29's 22% Int Nick Can)(80e . 4 4% RRSeclllCent. .. . 26's 17% Yale & Towne (60¢) in any practice contrary to sound 3% City Stores _ 1 4 1% % Int Paper & Pw (B). 1% 215 1613 Raybestos-Man (1). | 6% 2% Yellow Truck ..... 34 banking principles, but I do believe 275 Clev Graph Br (11). 41 4 34% 414 114 % Int Paper & Pw (C). 1 3 297 Reading (2) - 3113 Yellow Truck pf __. 30s Chlcuo Cuh Market, ples, 2815 20 Cluett Peabody (1). 2 227 22% 22% —1t| 12% 4% Int Paper & Pw pf_. 12 3's Real Silk Hosiery... 18 Young Spr& W (2). 10 % 7 Cash wheat—No. 2 hard, 1.1113a that with the broadened facilities now | 176 * 110 Cluett Peab pt (7). 208 112 28% 2115 Int Print fnk (1).__ 26 + % 20% Real Silk Hose pf.. : 13 YoungstownS&T_ 17 1.12: No. 2 mixed, 9815. Corn—No_2 available through the Federal Reserve| 573 53% Coca-Cola A (8)._.. 2 55% 5% — 15| 107 9815 Int Print Ink pf (6). 105 7 Remiagton-Rand . 1 38% Youngst'wn S&T pt. 1 3 y}uo'w 822825 ; No. ,";mu & Oils system, and the fact that public con-| 18% 15% Coigate-P-P (50¢).. 15 18% + 4| 4% 2% IntRyCentAm.._. 3 3 3 21% Remington-R pr pf. { fidence in the safety of banks has 1 103% — 14| 18% 9% Int RYCA pfaceeen 13 69 Rem-Rand 6% pt 5% 1% Zenith Radio___.. 3 5 —¥o. 3 white, tough, 7; ssmple . 468 4% 2% Zonite Products.... 17 4% 4% grade, 2312a28. No rye or buckwheat. been restored, there is no longer any 9 Collins & Alkman__ 130 30 +1%| 48% 42% Int Shoe (2) —eeeee 3 r meed for banks maintaining a high 63% Colling & ALK ot (1) 1908 s R e - z4 - w i g:;:gi:: Steel = ' T34 T 1 | Avprorimate Sales of Stacks on the N. Y. Stack Exchange, ey T et e et e percentage of llquidity an nkers F % t Tel & Tel.__. 4 1% — % 28 Republic Stl pf cod.. - i : A low, 88. can adopt a broader, long-range view- ,fi,‘ e ;fz e e 2',’/: {:“,:tu. Db 153: o 5% Revere Coppe! . 100 P.M. :llrlego _l}‘l,om.ta: é‘zed, 35248; malt- point in dealing with their cus- 7 Colo & Sou 1st pf__. un. 1T — % | . 171 Reynolds Metals (1! 4 22% 22 2 Total sales for the a-y. 1980 000 g, 50a70. othy seed—2.7582.85. tomers.” 6% Colo & Sou 2d pf.... 12! 14% +1% | 67 49 Jewel Tea (3) 3 4 % 58% — % m&v. 101 Reynolds M pf (5% Dividend rates as given in the above table are the annual | Clover seed—10.25a16.25. Today's Tradi Excha: 3% Col Gas & Elec__ ... 21‘ 13% + % | 73 381 Johns-Manv (a50c). 3% + % 12% Reyn'lds Spring(1)- 5 :::n‘;::lu;:':n" based on the latest quarterly or half-yearly e B it 35% Col G & Epf A (6) 831 +1 | 82% 50 Jones&Laugh7%pf. 440s % 844 +2 56, 43% Raynolds Tob B (3) . > s Unit of trading less than 100 shares. t Annual rate— Baltimore Quotations. Business on the Washington Stock 31 ColG&EDt (5)-—. 70 —_— 12% 5% Ritter Dental ] Y plus extra. & Accumuiated dividends. & Paid this year. bPaid| BALTIMORE, September 10 (4).— Exchange opened today with Potomac 3414 Colum Pie vte (11). 65% — % | 8% 3% KansCity Southn _ 4 30% 21% Roan Antelope Ltd . 2T4 + 4 |last_year. d Companies reported in receivershid or being Wheat, No. 2, red Winter, arlicky, Electric Power 52 per cent preferred 67 Colum Carhon (4) . 901 —1Y% Y 714 Kaufmann D §(80¢) 44% 29'; Royal Dal.70 1-10c. * 41% — %! reorganized. x Ex dividend. | spot domuiic ; 84; Sepuml;er‘ 84, : gelling at 113%;, unchanged. % 89'% Comcl Credit (23%) . % B1% + W| 2 J 9 8] , 84; . 84, 72 6% Comel Inv Tr(12.80) 6814 — : X , S ot 3 and National Bevings & Trust| 11514111 ' Comel 1T cv ot (6) 1o T S Kelsey-Hayen (B): : %| V.5 TREASURY POSITION. | s gess; sygme reeoe tor COTTONSEED OIL. waey Lrerssel G Pries 102% 97% Comel In T pf(4%). 100% + 104 Kelvinator (t50e) .. 2 2 ‘The position of the Treasy September nipes | he flscal year, $639.16° Bleachable cottouseed ofl futures | o Closed irresylar. Bn k moved at 100. Real Estate| “y5;0 175, Comel Solv (1§0c) 2004 — 13% Kennecott C (60¢) 2 . [\, was:” Recelpts, S10.X54.44 xpe N Outoher e . Mortgage & Guaranty preferred re- 2% % Comw & Southern 1.‘ - 10 Kim Clark (a123%c¢) p a $isvare w'r:c'elfi:'éi' lt’r""l’.—‘hé - X nan ',',':"s"“‘" closed steady. September, 10.18b; | Jecember N RGN 86 corded an 11-share transfer at 4. 654 29'% Comw & Sou pf (3) z 19% Kresge (S8) (1) _ A 1349 50, 310.48; e 80.33. | October, 10.16b; December, 10.10b; | March —--_ .83 = .84'z .83 £4% In the bond division, Capital Trac-| 37% 27 Congoleum-N(1.60) 28 uu u 113 103 K S S)pf(7).. 04 Receis Tohe J T p— Janyary, 10.09b; March, 10.16. 9% % 5a g 0 Sales, 89 contracts including two tion 5s figured in two $500 transfers, 23% Conn Ry&Lt (4%). 1108 42% —1% | 32% 22% Kroger G&B (1.60). 5 P e T ' : T T T smergency o excess of expen” | Noblitt-Sparks Industries, Ine— | SWitehes. PHILADELPHIA PRODUCE. Smelting and Collins & Aikman Houdaile-Hershey eased and Amer- | ican Rolling Mill was about even. New York Cotton 40l|4+|40¢< FTEFEE S5 658 TF I+ ++ v & PE L IO both at 97%. 71 ConCprof ww 6%_ 208 . -2 281% 22% LambertCo(3).... 2 .3 .086.56: gross A 3 Peoples Drug Stores preferred is 3% Consol Film 5 17% 10% Leh Port Cement__. 107 Declared a quarterly dividend of 37 PHILADELPHIA. September 10 now being quoted ex-dividend, the 144 Cons Film pf(314). 11 34 1% Lehigh Valley Coal_ | 2%0“&‘{5;‘&’.4"7"‘"“‘ Gu5” Gold'ss | cente. on capital stock; on July 1| Pitisburgh & West Virginla Ry.— | Drsied ooy, Towie ik, 4t 5 Lehigh Valley R R.. f° September 8. “%‘I fi"' 1935, a quarterly dividend of 30 cents | Deficit, seven months ended July 31, 32028 mnhr quarterly payment being due 15% Consol Gas N ¥ (1). 106 28% 27% 28% — % | 114 tew days. 724 Gonsol Gaspt (8)c 15100 99% 100 + ' 96 - €7% LenmanC (13.40)— : 92% cdase 105 o0y Bi0083 s share was distributed, was $28,489, vs. deficit $7,452. e poultry. ‘uncheneed A ¢ s ‘ y