Evening Star Newspaper, September 16, 1935, Page 16

THE EVENING STAR, WASHINGTON C., MOI\;DAY, SEPTEMBER 16, 1935. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Bales— Add DO High. 38 1314 FINANCIAL. STOGKS DEPRESSED BY PROFIT TAKING TA—16 ¥¥® FINANCIAL. D. D.C. BANKERSPLAN NEW ORLEANS TRIP Prev. 1035 Stock and High. Low. Dividend Rate. 397 357 Cream of Wh (12)_. 16% 1215 Crosley Rad (a2be). 1 36% 2313 Crown C&S (1) 47% [ 43'; Crown C&S pf (2. Prev. 1638 Stockand Sales— High Low. Dividend Rate. Add 00. 18% Mack Truck (1)___ 8 30% Macy (R H)& Co(2) 18% Magma Copper (2) . 13 Man El md gtd (d)_. Prev. 1935 Stock and Sales— Low. Dividend Rate. Add 00. 9 Sharon Steel Hoop. 24 3% Sharp & Dohme . ___ 2 43 Sharp& D pf (315) 2 7' Shattuck(F G)(25e) 16 7 private wire dirget to The Star. - Stoc) e High. Low. mvmna Rate. Add 00. High. Low. Close. Cige. 651 51 AcmeSteel (12).... 2 6315 63 63 9% 4% Adams Expre: 8% 8% 8% 331, 28 Adams Millis 1% Low. Close. cnl' 37% 3T — U 13 13 35'% 354 46 46 High. Prev, 1935 !3 ‘s Low. Close. Clll‘ 19% 20 — % 5 % % “ P 2 16 15 36 5 43% 8% + Large Delegation to See Fleming Elected at A. B. A. Sesison. BY EDWARD C. STONE. Thomas J. Groom, second vice president of the District Bankers' As- sociation and vice president and cashier of the Bank of Commerce & Savirgs, an- nounced today that the follow- ing Washington financiers are ex- pecting to attend the annual con- vention of the American Bank- ers Association at New Orleans in November, ‘when Robert V. Fleming will be 14% il B 1494 17 207 8 Addressog’h(a30c). 413 Advance Rumely.__. 6% Affiliated Pro (60c). 104% Air Reduction (13). Elec Appl. un (60c) 1'; Albany Wrap Paper % Alleg Corp (d) .. . 2% Alleg pf w330w (d). 21 Allegheny St (1)_... 125 Allied Chem (6) . 2 12217 Allied Chem pf (7). 31x Allfed Stores 49 Allied Stores pf (5). 12 A)lisChalmers . 14 Alpha Port Cmt (1). 2'x Amdl Leather 48'3 Amerada Corp ( 41'; Am Ag Ch(Del)(3)- 13!3 Am Bank Note 21 Am Brk Shoe (1) _. 119 Am Brk Shoe pf (7) 110 AmCan (t4) . 10 Am Car&l-‘oundry- 8 Am Chain 38 Am(l\ainn“!l‘h). 66 Am Chicle (13) 22'3 Am Comcl Alcohol.. 613 Am Crystal Sugar.. 72 AmCrysS1stpf 6. % Am Encaustic (d).. 134 13% T U7 1% 16% 2 1% 514 28% 170 SErarulaonanvasni I++1+101+ 14+ FESNFIRERER FFF FEF 5% 2T% ) 313 Crown Zelleb'k vte. 5'% Cuban-Am Sugar._.. 40'3 Cuban-Am Sug pf.. 29 8913 Curtis Pub pf (7) 2 Curtiss Wright____. 614 Curtiss Wright (A) 16 Cutler Hammer DI 13 126% 131 115 8 22% Deere & Co 19 Deere&Co pf (375c). 231; Delaware & Hudson 11 Del Lack & West._. 1'; Den& RG W pf 65 Detroit Edison (4) _ 26'; Diamond Mtch t1%. 34'x Dome Mines (12)_ 6% Dominion Stores 1713 Douglas Air (aT5¢). 6% Dresser Mfg B 2 Dunhil Internatl 12% Duplan Silk (1) . 103 Duplan Silk pf (8) 86% Du Pont (13.60) 1267 Du Pont deb (6) 104 Duquesne Lt 1st 3% Eastern Roll Mill 5l 26% 1'% 8 6'% 70 191 10313 25 T 271 39% 27% 3612 16% 2 5k 267 1% 8 6% T0% 19 1033 P T 28 39% 27% 5% Marine Midld (40c). 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(1%) 357 May Dept Str (1.60) 513 Maytag Co.. ~ Maytag ww (!-’!'A)_ Melville Shoe (2%). Mengel Co. MengelCopf _ __ Mesta Machine (2).x Mid-Cont Pet(alic) Midland Steel Prod. Midl'd Stl 1st,pf(8). Minn Moline Pw___. Minn Moline Pw pf. Mission Corp Mo Kans & Texas _ » Mo Kans & Tex vf.. Mo Pacific pf (d) .. Mohawk C M (a2ic) Monsanto Chem (1) Montgomery Ward_ Morrel & Co (3.60) Morris&Essex( Mother Lode Motor Product Motor Wheel (60c). Mullins Mfg (A) .- 9'3 Mullins Mfg (B)_ 61!, % 1T k. o 408 10 387a 116 28 32 b0y 2474 674 111 20% Shell Trad (a1.23.7) 513 Shell Union O1l ___, 8% Silver King C{40¢). 6 Simmons Co 5 Simms Pet (a50c)_ 615 Skelly Ofl__ 60 Skelly Oil pf ww_ 24 Sloss-ShefMeld pf__ 15% Snider Packing_ 10% Socony-Vac (30c) . 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific ... 5'z Southern Raflway._. 7 Southern Rwy pf 591; Spang Chalf pf $3% 3ia Sparks-Withington Tl Sperry vtc (a25e) - 437 Spiegel-May-Stern. 13 Stand Brands (80c). 2!z Stand Com Tobacco. 1'3 Stand Gas & Elec... 1% Stand G& E $4 pf__ 6 Stand G& K $7 pf__ 27% Stand Oil of Cal (1) Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) 21 Stand Oil of Kan___ 35% Stand OII N J (11).. 12'; Starrett (L' S) (1) . 58% Sterling Prod (3.80) 339 9'n 12% 14% 5% 10% 92 W Some Copper, Amusement and Specialty Shares Are in Demand. STOCK AVERAGES Indus. Rauis. Bl 80 Net change. e —.’2’-—“3 L‘Z Today, close 679 265 378 50.0 Prev. day... 68.1 26.7 38.1 50.2 Month ago. 64.2 256 380 48.0 Year ago__. 46.0 232 261 353 1935 high_. 68.7 276 39.3 50.9 1935 low-... 49.5 185 216 343 1934 high... 61.4 430 406 51.4 1934 low.... 453 228 242 349 1932 low_... 17.5 8.7 239 169 -146.9 1539 184.3 157.7 - 516 953 618 618 (Compiled by the Associated Press.) 21y 13% 10% 2% Am European See_.. 2 Am & Foreign Pwr_ 62 Mullins Mfg (new). 134 Munsingwear Inc__. 4, 114 Sterling Secur (A) 6% Stewart-Warner 2'3 Stone & Webster. elected president 158'3 110'; Eastman Kod (t5).. of the national 2 ] i Thomas J. Groom. M) = BY VICTOR EUBANK, organization: Francis G. Addison, jr., president of the Security Savings & Commercial Bank; Hilleary G. Hoskinson. vice president. Riggs National Bank; Ar- thur J. Linn, auditor, Hamilton Na- tional Bank: Lanier P. McLachlen, president, McLachlen Banking Corp.; H. H. McKee, president, National Cap- ital Bank and East Washington Sav- | ings Bank; Sidney F. Taliaferro, trust | officer. Riggs National; Wilmer J. Waller, vice president and cashier, Hamilton National: Charles H. Doing, president District Bankers' Associa- tion and vice president, Washington Loan & Trust Co.; Karl W. Corby, first vice president, District Bankers' Association, and partner in W. B.| Hibbs & Co.: Mr. Groom. who has| been asked to serve as chairman of the Committee of Arrangements for ‘Transportation: E. T. Chewning, di- rector, Bank of Commerce & Savings; 1. I. Chorpening. chief bank examiner, Pifth Federal Reserve district; J. L. Bailey, head of the Baltimore office, Afth district bank examiners; Vic- tor B. Deyber. president, Second Na- tional Bank: Joshua Evans, vice pres- {dent of the Hamilton National; J. Frank White, vice president and cash- fer of the National Bank of Wash- ington, and M. F. Calnan. vice presi- dent and cashier, Liberty National Bank. Banking Leaders in Party. The party will make up one of the most representative groups of Wash- ington bankers who have ever attend- | ed an American Bankers' Association convention. Several members of the group will be accompanied by their wives, and arrangements have already been completed for a special car for | members of the party who are not | planning to make the trip by air. Mr. Groom held a conference with | railroad officials today regarding the | plan to have the Washington car at-| rached to a special train taking New York, Philadelphia and Baltimore bankers to the convention. Chairman Groom expects this can be arranged. Naturally, Mr. Fleming will have to go to New Orleans ahead of the dele- gation from the Capital to meet the other A. B. A. officials and perfect | final details for the national associa- tion's most important gathering of the year. On account of the sweep- ing changes in banking laws and ope- rating methods it is said the program will be one of the most vital in many | years. Trust Changes Stock Holdings. A. S. Golden & C Woodward Building, is distributing the latest re- port from Massachusetts Investment Trust, which reviews the August port- folio changes. Six new stocks were added, Pullman, Ford Motor of Can- ada “A” Commercial Credit, U. S. Steel preferred, Servel and Manufac- turers' Trust. The trust increased holdings in Sears Roebuck, Montgomery Ward, North American, R. H. Macy, Amer- ican Gas & Electric, Du Pont, Mon- santo Chemical, Norfolk & Western, International Harvester and Bulolo Gold. ‘The report states that holdings were decreased during August in Chase Na- tionai Bank and American Agricul- tural Chemical. Several of the above issues have been among the most ac- tive stocks on the New York Exchange during the recent bull market. Chevy Chase Pays 20 Per Cent. Receiver Cary A. Hardee of the Chevy Chase Savings Bank has noti- fied former depositors that the pay- ment of 20 per cent is to be started Wednesday. As noted elsewhere in today's Star. this will make a total of | 80 per cent which the bank has paid. The present payment will total $134,000 and be made to 5000 de- positors. Receiver Hardee states that the depositors must call at 1336 New | York avenue northwest for their | money, and that no payments will be made at the bank. which is now an | active branch of the Riges National. He adds that no depositors should call at the New York avenue office until they have received postal cards in the | mail notifying them the money is ready. There will be another payment later, end the receiver is hopeful the bank will be able to pay out 100 per cent. That is not definite. If it does, it will be the first Washington bank to get into that class. Addition of 20 per cent to the 60 per cent already paid will cause great joy among the de- positors. Business Still Climbing Here. Barometers in Washington for the | first eight months of 1935, just avail- | sble, reveal further business progress. As already announced, check trans- actions in the city were much ahead of the like period last year. Tabula- tion of the number of telephones in use shows an increase in every month this year compared with the same month last year. Report of the Ches- apeake & Potomac Telephone Co. re- veals a proportionate gain in originat- ing phone calls. Postal receipts have made the same encouraging progress in the eight months. Receipts of the City Post Office have had seasonal variations, but have been consistently ahead of the first eight months of 1934. Au- gust receipts alone were much bet-| ter than August a year &go. The Potomac Electric Power Co.s reports for the eight months cover- ing kilowatt hour sales in the Dis- trict tell the same story of steadily increasing monthly totals. In August electric output was up 19.63 per cent. Likewise, in Washington's leading de- partment stores the volume of sales scored a gain of 14.2 per cent over the first eight months of last year. ‘The Washington Stock Exchange re- corded but one sale today, Capital Transit Co. stock again selling at 17}2. The Interstate Commerce Commis- sion has approved the application of |* W. J. Harahan, president of the Chesapeake & Ohio Ry., to serve as en officer and director of the Erie Railroad. 6% 26% 1R 23 108 51t 115 19 a5 144 234 19t fl’h 20 603 42'; 1'% 5% 22% v 14 Am & For Pw $7 pf_ Am & For Pw 2d pf_ £4 Am Hawalian §S(1) 2% Am Hide & Leather. 17 Am Hide& L pf 29‘- Am Home Pr (2.40). '« Am Ice 4'; Am Inte 1% Am La Fran pf (d). 9 Am Locomotive ___ 82 Am Locomotive pf_. 18'; Am Mch & Fy (80¢). 4'¢ Am Mch & Metals__ 4'; Am Mch & Met vte. 131; Am ) 24 Am News (113)___ 1'3 Am Power & Light_ R Am 10 Am 10'; Am 15% Am €6 Am 413 Am 20 Am 31% Am 12 Am 511% Am 9873 Am T4 Am 9 Am T'x Am 48 Am 4 Am 351 Am Radiator Roll Mills a30e Safety Raz (5). Seating vtc. Shipbldg (2) Smelt & Ref Steel Foundry. Sugar (2)_ Tel & Tel (9) Tobacco B (5) Tvpe F pf (d) . Water Works__ Wat W 1st (6)- Woolen Woolen pf % Am Writ Pap (d)._ 2} Am Writ Pap pt (d) 3 AmZinc& Lead . 31 Am Zinc & Lead pf_ 8 Anaconda Copper... 16'x Anaconda Wire __ 1213 Anchor Cap (60¢) __. 26 Archer Dan M (t1)_ 97 Armour Del pf (7). 3% Armour of I1linois . 53 Arm'r(I11)pr pf (8) . 16! Armstrong Cork 500 4 Arnold Constable... ! o Drv Goods. ss0 DG 2d pf 297, Asso Oil (af0c) 35% Atch To&S Fe (a2). 66% Atch To&S F pf(5) 191; Atlantic Coast Line 21% Atlantic Ref (1) ___. 32% Atlas Powder (2) 15 Auburn Auto _ 513 Austin Nichols . 2% Aviation Corp(Del) _— 11; Baldwin Loco (d) - 713 Baldwin Loco pf (d) 713 Baltimore & Ohto . 91x Baltimore & Oh pf_. 4 Barnsdall Corp 371; Bayuk Cigar (+1) .. 107% Bayuk C 1st pf (7) _. 1415 Beatrice Cre (a50¢c). 72 Beech-Nut P (13)__. 11's Belding-Hem (1) _ 117 Bendix Aviation __ 4 Beneficial Lo (1%). Best & Co (2)...... ethlehem Steel eth Steel pf(a1%) Igelow-San Corp... 9% Blaw-Knox .. 281, Blumenthal pf_____ Boeing Airplane___ 29% Bohn Alum &Br (3) Bon Ami (B) (12)-. 1 Borden Co (1.60) 281 Borg-Warner (2) 3% Boston & Matne ___ 1 Botany Min (d) A _ 815 Bridgep't Brass 40c 2415 Briggs Mfg (2) __ 2314 Briggs & Strat (3)_ 30% Bristol-Myers (12)_ 3613 Bklyn-Man Tr (3) . 3% Brunswick-Balke 4Y% Bucyrus Erie 815 Bucyrus Erfecv pf 31, Budd(E G)Mfg 2!, Budd Wheel 81, Bullard Co 3% Bulova Watc! ' Burns Bro B (d) 13% Burr Add Mch(60c) 10 Bush Term B pf cod 1'x Butte Copper&Zine « Butterick Co 1d) ... 112, Byers (AM)_______ 2 Byers (A M) pf ———e 3015 California Pkg(1%) 14 Callahan Zinc. = 215 Calumet & Hecla___ 7tz Campbell-Wy a40c.. 814 Can Dry G A (40c)_. 9%, Canadian Pacific. 4% Capital Admin (A)- 45% Case (JI)Co______. 3613 Caterpillar Tr (11). 191; Celanese Corp 17 Celotex Co (d) 114 Celotex Co pf (d) - 221, Cent Agulre (1%) _ 38% Cerro de Pasco (4). 3% Certain-teed Prod .. 23 ertain-teed Prpf_. 371 Ches & Ohio (2.80) 36 Chesapeake Corp(3) 1 Chi& East Ill (d) 74 Chi & East 111 pf (d) x Chi & Grt West (d)_ 1% Chi & Grt W pf (d)_ 15% Chi Mail Order (t1) % Chbi Mil StP&P (d). %, Chi M StP&P pf m) 1% Chi & N W (d) 3% Chi& N Wpf(d). - 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf___ % Chi R I&Pae (d).__. 1% Chi R 1&P 1% pf(d) 25'; Chickasha C O (2)-. 313 ChildsCo __. = 9 Chile Copper 31 Chrysier Corp (11)_ 14 City lce & Fuel (2). 69% City Ice&F pf(6%). City Stores % Clev Graph Br (1), 20 Cluett Peabodv (1). Coca-Cola A (3) _ 15'x Colzate-P-P (50¢c) .. 9 Collins & Atkman _ 69% Collins & Alk pf (7) 1, Colo Fuel & Ir (d) 6% Colo & Sou 2d pf. 33 Col Gas & Elec. _.. 3513 Col G & Epf A (6) .. 343 Colum Pic vte it1). 67 Colum Carbon (4) __ 3912 Comcl Credit (2%2) . 112 Comel Cred pf(533) 561 Comcl Inv Tr(12.80) 977 Comel In T pf(43)- 17% Comel Solv (t60¢) ... 3, Comw & Southern__ 2915 Comw & Sou pf (3) 27 Congoleum-N(1.60) 23% Conn Ry&Lt (4%)-. 7 Consol Cigar __ _ 71 Con C pr of ww 6%. 3% Consol Film 14% Cons Film pf ($11%) 157 Consol Gas N Y (1) 7214 Consol Gas pf (5) 13 Consol Laundrie: 63 Consol Ofl (a25¢) - 213 Consol RR Cuba pf. 12 Consol Textile : &% Contatner Corp (A) 27 Container Corp (B). 4'3 Contl Baking (A) ... % Contl Baking (B) . 46% Contl Baking pf (4) 62% Contl Can (2.40) 7 Contl Dia F (a55c).. 287 Contl Insur (11.20). % Contl Motors 1514 Contl O Del aé2%e.. 62 Corn Prod Ref (3).. 44 Coty IN0e e I+I||I| 19% Electric Auto Lite_. 37s Electric Boat. ... 5% Elec & Mus Ind____. 1's Elec Pw & Lt - 2‘, Elec Pw & Lt $6 pf. Pw & Lt $7 pf_ c Stor Bat (234). Eng Pub Sve $5 pf g P S3$5.50 of ww 152 Eng Pub Sve $6 pf_. 4': Equip Office Bldg-.. l'- ErfeR R %, Fairbanks Co_ Fairbanks Co p 17 Fairbanks Morse 3% Fed Motor T (allc). 2 Fed Screw Works _ 16's Fed'd D Strs (160c). 2813 Fid Ph F In (11.20) 131« Firestone (40c) 845 Firestone pf A (6) .. 45% First Nat Strs (213) 20', Food Machine (1) 974 Foster-Wheeler 60 Foster-Wheeler pf 19% Four Nat Iww a1.10 30% Frank Sim pf $3% 17\ Freeport-Texas (1). 15 Fuller Co pr pt —_—— 2% 10%, 104 Tla a7 108 26 36k 48% 12% 16% 90 36 "x Gabriel Co (A) 7 Gamewell Co 5'y Gen Am Investors R4% Gen Am I pf ww(6). 324 Gen Am Trans(1%) 11% Gen Asphalt = 7% Gen Baking (60¢)_. 5's Gen Bronze__ 2 GenCable 4 Gen Cable (A) 19 Gen Cable pt Gen Cigar (t4) ar pt (1) « Gen Foods (1.80) '« Gen Gas & El (A) __ 26% Gen Motors (12) 107’z Gen Motors pf (5) 3 Gen Outdoor Adv 10 Gen Outdoors Adv 17% Gen Print Ink(1.60 1's Gen Public Service 15% Gen Ry Signal (1) % Gen Retity & Util '« Gen Real & U pf ww 16% Gen Refractor} 12 Gillett Saf Raz (1) 70'; Gillett Saf R pf (5). 2'x Gimbel Bros 18 Gimbel Bros pf. 23% Glidden Co (11 1047x Glidden Co pr pf (7)x 1's Gobel (Adolf) (d) . 14 Gold Dust (1.20) 713 Goodrich (B F) 40 Goodrich (B F) pf. 15% Goodvear T&R 70 Goodyear 87 pf (4) . 213 Gotham Silk Hose 20 Gotham Silk H pf. 14 Graham-Paige 5 Granby Consol. 214 Grand Union 14% Grand Unpf (1%)_ 18ix Granite City Stl (1) x 26 Grant (W T) (11). 9% Grt Northern pf 94 Grt North Ore (50¢) 26% Grt West Sug (2.40) 20'; Greyhound Corp .. 1 Guantanamo Sugar 4 Hall W F Printing 63 Hamilton Watch pf 101 Hanna (M A)pf(7)- 16 Harbison Walk (1). 512 Hat Corp of Amer._. 1% Hayes Body = 85 Hazel Atlas Gl (5)_. Helme(Geo H) (75) . Hercules Motor (1) Hercules Pw (13)__ 11 « Holland & Son (50c) 307 Hond-Hersh (213) A 613 H'daille-Hers B(1) 9'» Houston il = 11 Houston Ofl (new)_ 43 Howe Sound (13) __ 2% Hudson & Manhat__ 6'% Hudson Motor Car. % Hupp Motors 913 Illinols Central 15~ Ilinois Central pf_ 23'; Indus Rayon (1.68). 60’5 Incersoll-Rand (2). 46'¢ Inland Steel (12)__. 2!; Inspiration Copper. 4 Insur ShMd cfs 15c. 8% Interboro R T (d) . 115 Intercontl Rubber. 41 Interlake Lron . _. 2% Int Agricultural 149'¢ Int Bus Mach (16)_. 3% Int Car'rs Ltd (20¢) « Int Cement (1) . 341« Int Harvester 60e) _. 135 Int Harvester pf(7) 14 Int Hydro Elec (A). 22% Int Nick Can) (80e . 4 Iut Paper & Pw (C). 4'; Int Paper & Pw pf_. 21'; Int Print Ink (1) __ 981 Int Print Ink pf (6). 1 914 Int Ry C A pt 29 IntSalt (1%3)--. 42% Int Shoe (2) » Int Tel & Tel __ % Interstate Dept St _. 7012 Int Dept Strs pf (7). 25 Island Creek C (2)_. —— ‘5 25% 84‘4 3815 Jokns-Manv (a50c). 117'2 Johns-Manv pf (7). 50 Jones&Laugh?%pf — 850 17% 24% 33 Kans City Southn _ 714 Kaufmann D S(30c) 6 Kelsey-Hayes (A).. 3% Kelsey-Hayes (B)_. 101 Kelvinator (t50¢) - 13% Kennecott C (60¢) .. 23 Kinney (G R) Co pf. 2 Kresge Dent Strs___ 19% Kresge (SS) (1) ___ 56's Kress (S H) (11) 22y Kroger G&B (1.60) 22% Lambert Co (2) 5'3 Lehigh Val Coal pf. 5 Lehigh Valley R R.. 67'x Lehman C (12.40) __ 10% Lehn & Fink (1%)_ 21y Lib-O-Ford G1(1.: 20) 21 Life Saver (1.60) 93% Ligg & Myers (14)B 163 Lily Tulip Cup(135) 1313 Lima Locomotive__ 17% Link Belt (80¢) 1815 Lorillard P (11.20) 1, La O1l Ref (d) 10% Louisv GEEDfA 1%. 34 Louis&Nash(a2y). 12% Ludlum Steel 2 90% Ludlum Stl of (6%) 28 McCall Corp (2) T% McCrory Stores (d). 615 McCrory Strs B (d). T4 McGraw Hill Pub__ 36% Melntyre Porcu (2) 9013 McKeesport T P (4)x 5% McKesson & Rob__. 32 McKesson & Rob pf. 8% McLellan Stores.... 50s 1 119 1 8 2 1 80 % 0 8o e oo RBeZon ) a * AR~ A BB zflu 108 35 10s 1 300s N 5 130% 39 125% T 394 Murray Corp Nash Motors (1) __. 45 Nat Acme Co_. Nat Aviation_ Nz( Biscult (1.60).. 26 Nat Dairy Pr (1 180 Nat Dairy pf A (7)_ 110s 1 Nat Dept Stores (d) 7 Nat Dept Strs pf(d) 150s Nat Distillers (2)__ 119 Nat En & Stpg (2)._. Nat Pw & Lt (80¢)_ Nat Steel (1) Nat Supply Co_ Nat Supply Co pt. Nat Tea (60c) . Natomas Co (80c)_. Newberry J J(1.60). Newport Industries N Y Airbrake._____ NYCentral RR __. ¥ Chicazo & St L. Chi& St L pf.. Dock = Investors (d) ._ N H & Hartford N H & Hartf pt Ontario & West Rwyspf (d) .. Y Shipbuilding - Y Shipbldg pf(7). N Y Steam 1st (T)__ Norfolk & W (18) __ Norf & West pf (4)_ North Am Aviation. North &mer Co (1) North Am Co pf (2) North Am Ed pf (6) 3's Northern Pacific __ NY NY NY NY NY NY NY NY NY N Ohto O11 (a15e) 16° Oliv Farm Bq(new) 315 Omnibus Corp 4% Oppenhelm Collins_ 11'« Otis Elevator (60c) 41¢ Otis Steel e 223, Otis Steel pr pf____. 80 Owe [l Glasst4) 14 Pac-Amer Fishertes 1315 PacificG& E (1%). 19 Pacific Ltg (2.40) 12 Pacific Mills 70 Pacific Tel & Tel (6) 6% Pac Wn Oil (b40c) 3'3 Packard Motors 8 Param't Pic (new) _ 84 Param't Piclstpf__ 914 Param't Pic 2d pf 11 Park & Tilford.. 24, Park Utah * Parmelee Transp’ 5 Pathe Film Corp. 8!4 Patino Mines 4, Peerless Motor_ § Penney J C (2). 17' Penn R R (1) 30 PeoplesDS (11).. 7%, Peoples Gas Chi 1814 Pere Marquette 13 Pere Marquette pf_. 16!, Pere Marq pr pf-___ 7% Petrol Corp.._ Phelps Dodge (az5c) * Phila & Read C&l. « Pr{ip Morris (1) __. Phillips-J C pf (7). Phillips Petrol (1).. i Pierce Oil Pillsbury F Pitts Screw & Bolt.. 22's Pitts Steel pf____ 241, Pitts United C pf... 613 Plymouth Oil_ 6!5 Poor & Co (B) 4% Postal Tel&C p! « Pressed Stl Car (d). 6'3 Pressed St1C pf (d) 42% Proc & Gambl (135) 20 Pub Sve N J (2.40)_. 62 Pub Sve N J pf (5).. 34 Pullman Inc (3) 574 Pure Oil 34% Pure Oil 6% pt 8% Purity Bakeries (1 7 4 Radio Corporation . 50 Radio C'pptA (3%) 35' Radlo Corppf B___ 1'« Radio-Keith-Or (d) 4'« R R Sec Ill Cent____ 16'; Raybestos-Man (1). al Siik Hosiery. 1 Reis (Robert) ____. 8 Reis (Robt.) 1st pf. 7 Remington-Rand . 21% Remington-R pr pf. 2's Reo Motor Car 9 Republic Steel 28% Republic Steel pf_ Republic Stl pf cod. Revere Copper Revere Copper (A) - Revere C& B pf__ 712 Reynolds Metals (1. Reynolds M pf (515 « Reyn'lds Spring(1)_ ob B (3) 5'4 Ritter Dental = 217 Roan Antelope Ltd 3 R 519 13 02 o 101 12 43'« Reynolds 36% Safeway Stores (2). « 1047 Safeway Strs pf (6) 10'4 St Joseph La (40¢)_ St L-San Fr pt (d)_ Savage Arms___ Schenley Distillers. « Schulte Retail Strs_ Schulte Re Strs pf_ Seaboard Air L (d). Seaboard A L pf(d). '+ Seab’d O Del (T60c) Sears Roeb'k(al5¢). Servel Ine____ i 6 22 1 8 “ ~ 208 31 5% 11 [ el 14% Swift & 091 1% min, 2'; It i+ Timken 2% Studebaker Corp Superheater (50c) 1% Superior Oil___. 5 Superior Steel _ 18'3 Sutherland Pape 314 Sweets Coof Am__. Associated Press Finsncial Writer, Co (t50e) _ on (A)(d) * Telautograph (60¢) Tennessee Corp.. 2 Texas Corp (1) « Texas Gulf Sul (2). Texas& PacRR__. Tex Pac Coal & Oil . Tex Pac Land Trus! Thatcher (1)____ Thermoid Co_. ____ Thompson Products Thompson Starrett. Tide Wat Asso Oil .. Tide Wat A O pf(6) Tide Water Ofl al.1i Timken- 10005 1000 10074 42 Detroit ___ RB(11) . Trans & Westn Afr_ Transamerica(30c). Trancuetwuhnms Truscon Steel 20th Century Fox . 20th Century Fox pf | Twin City BT pt | e— | 50 69%, 29 44 Union Bag&Pap (2) Un Carb & C (1.60) - « 143 UnOilof Cal (1) + Un Pacific (6) ____ x United Aireraft. 47: United Air Line vte 19% 10'« 306 20 United Bisc (1.60) . 46 Un d Carbon 2.40. 1's United Corp 2 20% United Corp pf (3).. 8% United Drug “nited Dyewood ted Eiec Coa! United Fruit (3, « United Gas imp (1) « United Paperb’ 'd (d) 5 U S Distributing pt 4'; US & For'n Secur .. 40%; U S Gypsum (11) 2143 5 35% U S Ind U S Gypsum pf (7) U S Hoffman . Alcohol (2) 3 US Leather A vtc _ 143 US Pipe & F (5te) U S P&F 1st pf1.20 US Rea Ity & Imp » US Rubber % 2 U'S Rubber 1st pf L' SSmelt & R (a6) teel____ . b S Steel pf (2) Univ Leaf Tob (% 29 Univ P 1st pfd 1 Univ Pipe & Rad 913 Univ Pi Util Pw ve & Rad pf & Lt(A) Vadsco Saies Corp Vanadium Co Van Haalte (a al:IA Vick Ch em (12) : Va-Car Chemical Va-Car VaEl & Va Iron Chem 6% pt Pwpf (6) _ Coal&Coke _—_— Wabash (d)_______ Wabash pt A (d) Walgre Walworth Co Ward Baking (B) .. er er en en 2 e 1 €n Co (1.40). = s & Bros Pic 285 Eros Pic pf 800 Bros - Fdy&P (2). 1.' vster Eisenlohr. 2 Welis Fargo Wesson Wesson 40s O&S (150c) 2 O&S pf (1) 2 West Pa Elec (T)A x 110s 75 West Pa Elec pf (7) a0s Western Pac pf (d) Western Union West gh se A B 50c_ Westinghse El aslc Weston Westvaco Chi Wheeling Steel Elec Inst 40c) White Motor White K| White S k M S(1.40) ew Mch pt Wilson & Co azic) Wilson & Co pt (6). Woolworth (2.40) __ Worthington Pump : Worth F Pump pf A . 2908 Worth Pump pf B__ 4 Wright Aero ______ Wrigley W ir (13). 2 60s —_— 17% Yale & Towne (60c) % Yellow Truck 2 Yellow Truck pt 18 13 Young Spr& W Youngstown S & 1i Zenith Radio___ 2% Zonite Products .. Rights Expire. 14 Budd M fz. Apr. 16 CS Sept. 25 1% 14 1‘: = M Approximate Sales of Stocks on the N. Y. Stock Exchange, Total sales 420,000 12:90 Noon.. 790,000 980,000 2:00 P.M...... 1,160,000 tor the dav. 1.490.000 | Dividend rates as given in the above table are the annual | cash pavmenis based on the latesi quarierly or half-yeariy declarations 28y | 60 1% 28 -1 B8 =14 11% — W | plus extra Rt Sear reorganized. 58 115 s Unit of trading less than 100 shares. + 3 Accumuiated dividends. Ao d Compantes X Ex dividend. al rate— a Paid this vear: b P reported in receivership or nunl NEW YORK BANK STOCKS NEW YORK. September 1t (4 —New York Security Dealers’ Association (Quotations as of 2 o clock.) o Bk of Man (11 xd Bankers Tr Bkivn Tr (4 Cen Han Bk & Tr Chase Nat (1.40) = Chem Bk & Tr (1.R0) Commercial (%) | Cont Bk A Tr rill» s & T Guaranty Tr (1" | Irvine Tr (.60} Manufacturer's Tr (1) Natl City (1) N Y Trust (5 Bublic_ (175 Title G & T. United St Tr (i0a) a—Including extras e—Declared or paid so far this year. 3 13y 21840 ' 1890 U. S. TREASURY NOTES. (Reported by Chas. D, perner & o) Ra{e—Mllun Offer. Mar. Timken-Detroit Axle Co—Common o 4 29 8 share earnings, six months ended 4 10 12% 12% 12% — % June 30, were 31 cents vs. 11 cents. CRUDE OIL STOCKS | TURN DOWNWARD By the Associated Press, | Crude oil stocks were reported today | by Petroleum Administrator Ickes to | have totaled 308,881,000 barrels at the | end of the week of September 7, com- | pared with 309.976.000 on August 31. Domestic crude stocks fell 1,199,000 | barrels, while foreign stocks rose 104,- 000 barrels. Reports from the industry indicated crude production was somewhat lower | for the week and runs to stills fell | off appreciably. The daily averdge crude output was about 2,725,000 bar- rels, 5,000 below the previous week's | average. Crude runs to stills averaged 2,655,000 barrels, a decline of around 100,000 barrels. Crude imports averaged 111,000 bar- | rels, against 82,000 for the week of August 31. FEDERAL LAND BANKS NEW YORK. September 16 P.—Fed- Land Bank bonds: (Noon otations ) oatt 99 Bid. Asked. 1056-36 1011 10134 s toind 10110 3‘“ Mny 1n55 45 luly. 1955-45 | Ken Uil Co 6% | money steady | months ASSET VALUE SHOWS JUMP IN HALF YEAR By the Associated Press NEW YORK, September 16.—The net asset value of National Bond & Share Corp. as of August 31, after provision for the dividend of 25 cents, paid today, was $46.64 a share on the | 180,000 shares of capital stock out- | | standing, according to the report for | | the six months ended August 31. ’l'hxs compares with a net asset value | of $40.49 a share on the 180,000 shares | outstand'ug at the close of the fiscal | year ended February 28, 1935. 1 DIVIDENDS ANNOUNCED | NEW YORK. September 15.—Dividends: | Pe- Stk. of Pay- Rate. riod. Red. Increased. | Gorton-Pew Fish Co._i5c Q 8- Reduced. Keystone Stl & W re 0¢ - 10-1 xtra, Ind Pneuma Tool Co Re Gen T&R 67, pf fionsenon "Fin” Corp. Ind Pneu Tool Co PI_1.50 MONEY MARKET. NEW YORK. September 16 (#.—Call ly per cent all day: time | loams steady: 0:00 days. Y offered; 4-6 la offered Prime commercial paper. s per cent. Bankers’ acceptances unchanged: 30 Ta: 60-00 days. 3ala: 4 months, | Rediscount | & _months rate, New York Reserve Bank, 1'a per cent. A Stock. able, 20 9-30 10-15 9-20 10-1 NEW YORK, September 16 —Some |of the copper. amusement and | specialty issues were in demand in | today’s stock market, but most of the "recem leaders drooped under profit- taking The fact that the trading volume | dwindled on the decline was some- what encouraging to bullish forces The close was irregular. Transfers approximated 1.500,000 shares. Analysts were inclined to attribute the reactionary tone exhibited by erstwhile tavorites largely to technical factors. Brokerage quarters had been expecting a setback because of the rapidity of the advance. Little surprise was expressed at the estimate of the American Iron & Steel Institute that current steel mill operations were down to 48.3 per cent |of capacity compared with 49.7 pe; cent last week. Part of the recessi was believed due to the slow-down in the motor factories. Wheat rallied briskly at Chicago under the stimulation of war talx Cotton was listless. Bonds were mixed S. Gevernments again easing. The >r came back moderately in for- exchange dealings, but sterling was heavy, Shares up fractionally to a point or’ so included Paramount Pictures sec- ond and first preferreds, Loew’s, War- United Aircraft, Douglas Boeing. Sperry. Kennecott nal Nickel, Phelps Dodg~ and National Dairy. Du Pont gained 3 at a new high for the year. U. S. and Eethlechem Steels were about even and most of the utilities {and rails were not much worse than easy. Among losers of fractions tn. more than a point were General Mo- tors, Chrysler, American Telephone Western Union, Eastman Kodak | Johns-Mansville, Westinghouse, Phil- | lips Petroleum, Montgomery Ward | Sears Roebuck, U. 8. Smelting and | Howe Sound. New York Cotton sociated Press NEW YORK, September 16.—Cot- ton was quiet today and prices held within a comparatively narrow range Relatively steady Liverpool eable and favorable trade reports were off- set as market influences by good weather in the South and expecta- tions of increased offerings from that quarter. | December sold off to 10.31 and was holding at 10.32 in the late tradinz market. with active months ruling .1 to 5 points net lower Futures closed barely 3 to = Las 1050 10 steady, Low Octoher 1odd Cottonseed Oil. Bleachable cottonseed oil future closed firm: September, 10.13b; Octo- Dber, 10.06: December, 10.03b: January 10.01b: March. 10.13. Sales, 43 con- tracts including four switches. b—Bid Liverpool Quotations. September 16 Cot- £00d demand Mortgage Money For CONSTRUCTION LOANS AND LOANS ON IM. PROVED RESIDEN. TIAL PROPERTY in the District of Columbia and Nearby Maryland. 5129 Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arran| Easy Monthly Pa: 'NATIO. Perrmmiarieril WUILDING ASSOCIATION UNDER “SUPERVISION U.8. TREASURY 949 NINTH STREBT NW.