Evening Star Newspaper, September 18, 1935, Page 18

—18 *%3 FEARS OF UTILITY AGT DISCOUNTED Healy Believes Gloomy Pre- dictions Will Fail to Materialize. BY EDWARD C. STONE. Judge Robert E. Healy. member of the Securities and Exchange Commis- sion, declares the chaos forecast when the commission begins adminis- tration of the public utility holding company act of 1935 “will disappear in the same way that 8 the chaos in the security markets failed to develop when the commis- sion first began operations.” In a recent address he said the markets and exchanges are more stable now than ever before and trading is better than it was because it is more | of an-investment market. due to an im) d margin situation. There is| less~ manipulation because of self- policing by certain exchanges. The question of the constitutionality of the utility act should be settled as soon as possible, Judge Healy said, referring to the plan of the Edison Electric Institute to test the act. in- stead of wasting two years of effort and then having the commission find itself where the N. R. A. is. "I be- Robert E. Healy lieve the commission will do its part in facilitating an early decision on | the question if that is what the in- dustry wants.” The commission has ktart toward regulation the-counter markets, Judge Healy | £aid, raising the question of whether | 1ssuers on this market should not have the same regulation as issuers registered on exchanges. On a rough | estimate, there are 6,000 to 10.000 issues on the over-the-counter mar- ket that can be considered active, with $10,000,000,000 market value of stocks and $45,000,000,000 par value of bonds. Referring again to utility legisla-| tion, Judge Healy called it an effort| to deal with a national problem na- | tionally. It is designed to supplemem‘ State regulation. The ultimate <u(‘»‘ cess of this act will depend upon | the co-operation from a reformed in- | dustry in its own interest, he said.! Mary Anderson to Speak. | Miss Mary E. Anderson, director | Women's Bureau, United States De- partment of Labor, will be the chief &peaker at the annual dinner of the | Women's Com- | mittee. Washing- | ton Chapter,| American Insti- made a fair of the over-| FINANCIAL THE EVENING STAR, WASHINGTON, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Nes. 87 private wire direct to The Star. Stock and Bales— High. Low. Dividend Rate. A4dd 00. 651 51 Acme Steel (12) ... 9% 4% Adams Express 331, 28 Adams Millis (2) 144 8 Addressog’h (60c: 1412 413 Advance Rumely __ 149% 104% Air Reduction (13). 17 % Alr-Way Elec Appl. 20" 15'% Alaska Jun (t60c) 312 1'% Albany Wrap Paper 21 % Allez Corp (d) . 201 21 Allegheny Stl (1) 17112125 Allied Chem (6) . 78 31a Allied Stores 73% 49 Allled Stores nf (5). 29% 12 Allis Chalmers 14 Alpha Port Cmt (1) 21y Amal Leather 26 Amal Leath pf (12) x 48'; Amerada Corp (2) 41'; Am Ag Ch(Del) (3). 1312 Am Bank Note 43 Am Rk Note pf (3) . 21 Am Brk Shoe (1) 1285119 Am Brk Shoe pf (7) 146% 110 Am Can (+4) 151% Am Can pf (7) 10 Am Car & Foundry_ 251; Am Car & Fdry pf._. 8 Am Chain == 2215 Am Comcl Alcohol . 612 Am Crystal Sugar . Am Crys S 1st pf 6._ *. Am Encaustic (d) .. 2% Am European See . Am & Forelzn Pwr Am & For Pw 36 pt. Am & For Pw 87 pf_ + Am & For Pw 2d pf_ + Am Hide & Leather. < Am Home Pr (2.40). Am Tee 3 1R AmIce pf (6) 4'; Am International 9 Am Locomotive 32 Am Locomotive pf . 1815 Am Mch & Fv (80c) 41 Am Mch & Metals__ 13'2 Am Metal 113 Am Power & Light. 8% Am Pw & Lt $5 pf__ 104 Am Pw & Lt $6 pf _ 10's Am Radiator 15% Am Roll Mills a30c 66 Am Safety Raz (5)- 413 Am Seating vte ___ 20~ Am Shipbldg (2) 2% Am Smelt & Ref 125 Am Snuff pt (6) 12 Am Steel Foundry. 3314 Am Stores (12) 114 Am Sugar (2) : Am Sug pt (T) R Am Sumat Tob (11) «Am Tel & Tel (9) 2 Am Tobacco (5) 4% Am Tobacco B (5)_. T'v Am Water Works _ 48 Am Wat W 1st (6)- 4'« Am Woolen = 353 Am Woolenpf ___ « Am Writ Pap (d) . 21 Am Writ Pap nf (d) 3 AmZinc & Lead . 31 Am Zinc & Lead nf_ % Anaconda Copper. 16'< Anaconda Wire 17% 123 Anchor Cap (60c) - 109 lnn Anchor Cap pf(6%4) 9 « Andes Copper 6% 3¢ Armour of Illinofs 708 5815 Arm'r(I11)pr pf (6) 331, 161; Armstrong Cork 500 4 Arnold Constable__ 15's 7's Asso Drv Goods 108 807« Asso DG 1st pf($9). « Atch To&S Fe (a2) 19'; Atlantic Coast Line 21% Atlantic Ref (1) 32%, Atlas Powder (2) Auburn Auto Austin Nichols "*. Aviation Corp(Del) Prev. 1935 o BB S=Souanan 4 1 1 a DA e e - B ~RIEE RS 8200 namnunTa 51t 143 201 14 4w e R e this evening at| the Y. W. C. A. | Seventeenth and | K streets. Mis} Anderson has had | a remarkable ca- reer in her line| of work and is a | most intresting speaker. Miss Vivian E. Stokes, | chairman of the | Women's Com- | mittee, will preside and several insti- | tute officers will outline the work for the coming year. | J. Earle McGeary, president of Washington Chapter, made another important announcement today, when he named the chapter's Membership Committee. Robert A. Sisson, Hamil- ton National Bank, will be chairman, and Stuart S. Ogilvie, Second Na- tional Bank, vice chairman. The o!her members include: Margaret Ann Berckmann, National | Metropolitan; Edmond C. Bowie, Sec- | ond National; John L. Bryant, Ameri- can Security & Trust Co.; Eugene F. Case. Riggs National; Paul W. Clarke, Hamilton National: Lloyd Coates, Second National; George E. Cole, Bank of Commerce & Savings. Anne P. Crawford, McLachlen Banking ' Corp.; Thomas J. Cronin, Munsey Trust Co.; Lloyd F_Cunningham, Na- | tional Savings & Trust Co.; Donald ‘W. Eyler, Security Savings & Com- mercial: Harry F. Harding, Union Trust Co.. Minnie Jenkins, First Na- tional Bank, Alexandria; Herbert D. Lawson, Washington Loan & Trust Co.: Donald A. M:Cormack, Riggs National; M. Catherine Quill, Liberty | National; T. Grant Ridgely City Bank: L. T. Savage, American Secur- | ity & Trust Co.: Hilda M. Sibmo, | Washington Loan & Trust Co.; Nelson | M. Stokes, Lincoln National, and Al- | bert E. Yeatman, Columbia National. | Bank Auditors Meet Tonight. | James D. Barrett of the American Security & Trust Co., chairman of the auditors’ section of the District Bank- ers' Association, will preside at the first Fall meeting of the group at - the La Fayette Hotel this evening. An official of the Federal Deposit Insur- | ence Corp. will give an address on ‘Title I of the banking act of 1935. The auditors’ section was organized in 1928 and had an original membership of #ix. Now nearly every bank in the | city has at least one representative in the roster. Virginia bankers are considering asking changes in the State banking laws to broaden the base of invest- ments that may legally be purchased by fiduciaries. George W. Lyman of New Castle is chairman of a commit- tee giving the matter special con- sideration. Jones Cheerful on Railroads. Jesse H. Jones, chairman of the Re- construction Finance Corp., says that he does not look for any more railroad receiverships during the remainder of the present year. At the same time he offered to co-operate with the Great Northern in its coming $105,000,000 refunding plan. Pennsylvania Railroad reports for seven months ended July 31, 1935, net income of $10,779.948 after taxes and charges. equal to 82 cents a share (par $50) on 13,167.696 shares of capital stock. This compares with revised net Jncome of $12,608,599, or 96 cents a | share, in the first seven months of 1934, Today's Trading on Exchange. Washington Railway & Electric 4s were in good demand on the Wash- ington Stock Exchange today, three $1,000 sales being recorded at 105%. The rest of the trading was in stocks. Potomac Elettric Power 6 per cent preferred moved at 110% and the 62 per cent preferred came out at 113%. Mergenthaler Linotype opened with 10 shares selling at 28 and closed with two at 27. A single share of Riggs National Bank common sold at 210. The Chesapeake & Ohio Railway today reported $2.30 a share earned on common in the first eight months of this year against $3.36 on common A year ago. Mary E. Anderson. 1 1'; Baldwin Loco (4) 7'; Baldwin Loco pf (d) 71, Baltimore & Ohto _. 9t Baltimore & Oh pf_. 36'« Bang & Aroos (23%) 31, Barker Brothers 32 Barker Brothers pf_ 574 Barnsdall Corp 37'; Bayuk Cigar (+1) 107% Bayuk C 1st pf (7) 14% Beatrice Cre (a50c). 111« Belding-Hem (1) 1172 Bendix Aviation 15'% Beneficial Lo (1%)- 34 Best & Co (2) 21% Bethlehem Steel . Beth Steel pf(a1%) 14%, Bigelow-San Corp .. 1308 9% Blaw-Knox ] 281, Blumenthal pf '« Boelnz Airplane 9%, Bohn 4lum &Br (3) 90 Bon Ami (A) (14)__ 21 Borden Co (1.60)___ 281 Borg-Warner (2) __ 81, Bridgep't Brass 40c 241, Briggs Mfg (2) 221« Briggs & Strat (3) _ 307 Bristol-Myers (12)_ 361; Bklyn-Man Tr (3) _ 90 Bklyn-Man T pf(6). 42 Bklyn Union Gas(5) 2% Brunswick-Balke f1¢ Bucyrus Erle cv pt : 62% Bucvrus Erfe pf (2) 21 Budd(EG)Mfg _ 23 Budd(E GYMfg pf_. 2 Budd Wheel ._ 8Y% Bullard Co 3% Bulova Watch v Burns Bros(A) (d)_ 3 Burns Bro pf (d) 13% Burr Add Mch(60c) 10 Bush Term B pf cod 1'x Butte Copper&Zine * Butterick Co (d) - 11% Byers (A M) 32 Byers(AM)pf ___ 108 51t 115 9 14 23 195 508 40% 101: 20% 60% 190: | m— 425 1% 5% 301 California Pkg(1%) ¢ Callahan Zine 2'; Calumet & Hecla 71, Campbell-Wy ad0e._. 8 ‘(‘nn Dry G A (40¢).. « Canadian Pacific_.. 30 Cannon Mills (2) _ 4% Capital Admin (A). 'ap Adm pf A (3) 45 Case (J 1) Co _ 8312 Case (J 1) pf (4)_ 361, Caterpillar Tr (11 19'2 Celanese Corp 174 Celotex Co (4) 11'% Celotex Co pf (d) ... 22Y Cent Aguire (1%3) .. 34 Central RRof NJ._ 38% Cerro de Pasco (4). 3% Certain-teed Prod . 23 Jertain-teed Pr pf._ 3715 Ches & Ohio (2.80) 36 Chesapeake Corp(3) Chi & East Il (d) . 7% Chi & East 111 pf (d) % Chi & Grt West (d) Chi Mail Order (1) % Chi Mil StP&P (d). N Chi M StP&P of (d) « Chi & N W (d) <« Chi & N W pf (d) . I“- Chi Pneumatic Tool 20 Chi Pneu Tool pf._. % Chi R [&Pac (d) _. 1% Chi R 1&P 6% pf(d) 312 Childs Co 9 Chile Copper 31 Chrysler Corp (102 14 City Ice & Fuel (2)_ 69% City Ice&F of(6%). 12'% Clark Equip (80¢c) .. 27% Clev Graph Br (t1). 53% Coca-Cola A (3) __. 9 15'x Colgate-P-P (50¢) .. 105':101 Colgate-P-P pf (6). 32% 9 Collins & Afkman . €9% Collins & Atk pf (7) 12 Colo Fuel & Ir (d) .. 5 Colo F&1pf (d)... 3% Col Gas & Elec ___ 35'3 ColG & Epf A (6).. 34% Colum Pic vte (t1)_ 67 Colum Carbon (4) _ 5374 39'4 Comcl Credit (215) 1!9'», 112 Comel Cred pf(53%) 5614 Comel Inv Tr(12.80) !74’. Comel In T pf(4%). 111 Comel I T evpf (6). 17% Comel Solv (160c) .. * Comw & Southern.__ 29'% Comw & Sou pf (3). 27 Congoleum-N(1.60) 23% Conn Ry&Lt (4%)_ 7 Consol Cigar 62 Consol Cigar pf (7) 3% Consol Film 14% Cons Film pf ($1%) 15% Consol Gas N ¥ (1) 72% Consol Gas of (5)__ 6% Consol Oil (a25e). 215 Consol RR Cuba pf- % Consol Textile._ 8% Container Corp (A) 2% Container Corp (B) 4% Contl Baking (A)... % Contl Raking (B) 46% Contl Baking pf (4) 62% Contl Can (2.40) 7 Contl Dia F (a55¢)_. 28% Contl Insur (11.20). 10 16% 13% 36 13% 451 804, 113% 5514 3 '-\flt. 29 621y 633 % 651% 4T 47% 2% 1 30 10 2408 32 28 1 1024 115'% 23% 27 651 3% 19 10% 74 T4 2214 341 101% 101 5 1% 13% 5% ) 1% 673 M 14% 42% Hizh. 63 8% 31% 13% 13% 33 1315 13% % 149'3 150% + 1 1 1614 2 1% at a1y uu 4% 126% 127 3 1441 144 1561 156’ 213, 26 1214 100 21% 5% 671 ar 46 1134 1131 16 13% 187 400 10 2 1008, 187 49 403 101 445 79% 79 116% 1164 5 51% 15% 344 564 56 1815 18% 10374 1037 3215 3215 105% 107 2% 143 12% 8215 68 16% 35 8915 50% 115 67% 101 112 197 1% 5613 33% 424 8 70 4% 1% ||+0¢-l|4+l| Net. +1 s & 16% + 2 i | (raty +i++l+l 00 O ] Low. Close. Chge. 6414 +1% 8% + % % '. Prev. 1535 Stock and @igh. Low. Dividend 1% 3 Contl Motors 1514 Contl O Del a62%c... 41% Corn Ex Bk&Tr (3). 62 Corn Prod Ref (3).. 434 Coty Inc 35% Cream of Wh \12'3 Crosley Rad (a25c). 231, Crown C&S (1) - 43'; Crown C&S pf(2.70) T4'2 CrownWP1st pf(5). 313 Crown Zelleb'k vtc.. 14 €rucible Steel 47'3 Crucible Steel pf. 3 102 2508 35 20 = Cuban-Am Sugar... 4013 Cuban-Am Sug pf.. 397 Cudahy Pkg (233).. 15 Curtis Publishing.. 8913 Curtis Pub pf (7). 2 Curtiss Wright. 64 Curtiss Wright (A) 16 Cutler Hammer 22% Deere & Co _ 19 Deere&Co pf (375¢). 23'5 Delaware & Hudson 11 Del Lack & West _. 65 Detroit Edison (4) _ 26'; Diamond Mtch t1%5. 341« Dome Mines (12) _. 6% Dominion Stores 17'; Douglas Air (a75¢)_ 13': Dresser Mfg A bl%; 6% Dresser Mfg B 2 Dunhil Internatl 123 Duplan Silk (1) 86% Du Pont (13:60)_ £ 1267 Du Pont deb (6)_ 115 104 Dugqu: _— 3% Eastern Roll Mills_ 2 Eastman Kod (15)_. » Eaton Mfg (11) ___ a1 Eitinzton-Schild lec Auto L (a30c). « Electric Boat Elec & Mus Ind % Elec Pw & Lt 213 Elec Pw & Lt $6 pf. Elec Pw & Lt $7 p?_ Elec Stor Bat (234). 125% Endicott-Joh pf(7). » Engineers Pub Sve.. B 15 290s vans Produets(1). xchange Buffet * Falrbanks Co _____ 150s Fairbanks Morse 7 71's Fairbanks M pf 33% 100s 5% Fed Lt & Tr = 2% Fed Motor T 1llflt) 2 Fed Screw Works _. s Fed Water Sve (A) 161« Fed'd D Strs (160c). 13'x Firestone (40c) 841, Firestone pt A (6 45% First Nat Strs (214) 2'¢ Follansbee Bros(d). 0'4 Food Machine (1) __ s Foster-Wheeler '« Four Nat Iww a1.10 '« Freeport-Texas (1) Fuller Co pr pf "« Gabriel Co (A) 7 Gamewgll Co _ 2 Gen Am Investors _ 528 Gen Am Trans(1% 11% Gen Asphalt « Gen Baking (60¢)._. 5% Gen Bronze 2 GenCable _ Gen Cable (A)_. Gen Clzar (14) 1 Eleetric (30c) _ Sen Foods (1.80) _ ' Gen Gas & El (A) __ « Gen Mills (3) 6% Gen Motors (+2) __ 2 Gen Motors pf (5)_ Gen Outdoor Adv __ jen Outdoors Adv A 75 Gen Print Ink(1.60) 9312 Gen Print Ink pf(6) 15% Gen Ry Signal (1)_. * Gen Realty & Util. 16% Gen Refractories 14 Gen St Casting pf_. 12 Gillett Saf Rag (1) . 70'; Gillett Saf R pf (5). 212 Gimbel Bros 18 Gimbel Bros pf 23 Glidden Co (11) « Gobel (Adolf) (d).. 14% Gold Dust (1.20) ___. 712 Goodrich (B F) 40 Goodrich (B F) pf_ 15% Goodvear T&R 0 Goodyear $7 pf (4)_ 2'; Gotham Silk Hos 1'« Graham-Palg; « Granby Consol.. « Grand Union ___ 14°. Grand Un pf (1%)_. 18'x Granite City Stl (1) 6 Grant (W T) (t1) .. « Grt Northernpf ___ 9'¢ Grt North Ore (50c) 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7) 61 201; Greyhound Corp - 37 2% 1 Guantanamo Sugar. 1 28 12 Gulf States Steel 1 150 3 4R 4 2 1 s N R 108 14 3ty 32 21% Hackensack W(13%) 1 4 Hall W F Printing 1 63 Hamilton Watch pt. 50s 16 Harbison Walk (1). 10 : Hat Corp of Amer__ 1% Hayes Body Hazel Atlas G1 (5) Hercules Motor (1). Hercules Pw (13) __ 5% Holland Furnace __ 307 Houd-Hersh (215) A 6'2 H'daille-Hers B(1). 1'3 Houston Oil (new) _ 432 Howe Sound (13) _. 23 Hudson & Manhat_, 6'; Hudson & Man pf 6'4 Hudson Motor Car. * Hupp Motors 915 I1linols Central 231; Indus Rayon (1.68). 60'; Ingersoll-Rand (2) .. 46'% Inland Steel (t2) __ 215 Inspiration Copper_ 4 Insur ShMd efs 15¢. 8% Interboro R T (d) .- 4'¢ Interlake Iron. . 2% Int Agricultural. 149% Int Bus Mach (16) _. 3% Int Car'rs Ltd (20¢) 227 Int Cement (1) 341« Int Harvester 60e) _. 1% Int Hydro Elec 1A). 174 Int Merch Marine _ 22! Int Nick Can) (80¢ 1's Int Paper & Pw (A) A, Int Paper & Pw (B). * Int Paper & Pw (C). 41; Int Paper & Pw pf__ 21'; Int Print Ink (1) 981, Int Print Ink pf (6) 9% Int Ry C A pf. 29 IntSalt (134)- 42% Int Shoe (2) . 605 Int Silver pf - 5% Int Tel & Tel 16% 87 Interstate Dept St_. 36 25 IslandCreekC (2) x e . 67 49 Jewel Tea (3) - 6 76 383 Johns-Manv (a50c) 28 84% 50 Jones&Lauzh7%pf 290s —_— 8% 3% Kans City Southn _ 1313 6% Kans City South pf_ 18 T3 Kaufmann D S(30¢) 21'% 15% Kayser(J)&Co a%0c. 24% 6 Kelsey-Hayes (A)._. 22%, 3% Kelsey-Hayes (B).. 18% 10% Kelvinator (t50¢) ... 13% Kennecott C (60¢) .. 3 Kinney (GR) Co._. 23 Kinney (G R) Co pf. 19% Kresge (S S) (1) _. 56!x Kress (S H) (11) _. 221 Kroger G&B (1.60) 5 187 6013 43, 3t 3% 3 1% 1% 15% 28% 107 184 361 4814 T5% 125 26 5% 38 27% 69%4 19% Laclede Gas pf . 22% Lambert Co (2)____x 815 Lee Rub&Tire (50¢) 105 Leh Port Cement 5 Lehigh Valley R R.. 67 Lehman C (12.40) __ 107 Lehn & Fink (13%)_. 613 Libby McNeill & L. 2133 Lib-O-Ford G1(1.20) 21 Life Saver (1.60) _. 944 Ligg & Myers (14) - 93% Ligg & Myers (t4)B 16% Lily Tulip Cup(1%) 13% Lima Locomotive. . 17% Link Belt (80c) ... 24% Liquid Carb (11)... 31% Loew's In¢ (2)caeea 1 Loft Inc = 33 Loose-Wiles (Z)--,- 181 Lorillard P (11.20) 3% La O1l Ref (d) 10% Louisv G&EpfA 1 “ 34 Louis&Nash(a234). 12% Ludlum Steel 90% Ludlum Stl of (6%) (}\ 9 20 20 D. C, WEDNESDAY, Low. Close. Chge. 11415 114 23% Y 254 135 132 1% 20% +1 5% + 46 92 5 27 8613 1% 9 6ly 0% 40' 19 114% 116 1144 115% 0 16% 16 16 24% + 39 + 30% 44% + 40 26 135 + % +1 +1+ s T++1 41 115 1% -1 % % % % % 15 % Y% + + +6 Prev. 1935 Stock and Sales— Hish. Low. Dividend Rate. Add 00. 130 113 McAnd&F pf (6.. 10s 85% 28 McCall Corp (2 7 TY% McCrory Stores (d). 6'3 McCrory Strs B (d). 7% McGraw Hill Pub 36% MclIntyre Poreu (2 90' McKeesport T P (4) 5% McKesson & Rob . 32 McKesson & Rob pf. 8145 McLellan Stores___ 18% Mack Truck (1) _ 3015 Macy (R H)& Co(2) 18% Magma Copper (2). 4 Manati Sug pf (d)_. 13% Man El md gtd (d)_. 10 Manhat Shirt (60c). 1 Maracaibo Oil Exp .. 5% Marine Midld (40c) 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(1%) 357 May Dept Str (1.66) 53 Maytag Co 841, Maytag Ist pf (6)_- 3 MengelCo . 20% Mengel Co pf 2413 Mesta Machi 215 Miami Copper 913 Mid-Cont Pet(al5c) 81¢ Midland Steel Prod. 6015 MidI'd Stl 1st pf(8) 58 Minn Hon R (13)_ 75 Minn Moline Pw 31, Minn Moline Pw pf. 10°% Mission Corp . 219 Mo Kans & Texas 57 Mo Kans & Tex pf_. 1 Mo Pacific (d) 1'; Mo Pacific pf (4) 10% Mohawk C M (a25e) Monsanto Chem (1) . Montgomery Ward. Morrel & Co (3.60) Motor Products (8 7'« Mofor Wheel (80c) 9% Mullins Mfg (A)_.. 9% Mullins Mfg (B) __ 62 Mullins Mfg (new). 4% Murray Corp 94 — 19'; 11 Nash Motors (1) 15 10% 4% Nat Acme Co - 6% Nat Aviation 1 22'4 Nat Biscuft (1 60) 23 141'4 Nat Biscuitpf (1) _ 1 1315 Nat Cash Re A(50c) 24 274 Nat Dairy Pr (120) 195 Nat Dairy P pfB(7) 10a Nat Dept Stores td) 14 Nat Dept Strs pfd) 140s Nat Distfliers (2) _ Nat Pw & Lt (80c). 1008 Nat Tea (60¢) - Natomas Co (80c) _. « Neisner Bros (11) _ ewberry J J(160) ewport Industries : N'Y Airbrake ___ NYCentralRR . N Y Chicago & St L. YChi&StLof _ Y Investors (d) \ Y N H & Hartford H & Hartf pt Rwyspf (d) __ Y Y Y Shipbuilding N AN N N Y Shipbuild's pf N Y Steam 1st(7) Norfolk & W (18) North Am Aviation North Amer Co (1) North Am Ed pf (6) « Northern Pacific _— 14's 9% Ohio O1} (a15¢) 21" 16 Oliv Farm Bq(new) 9% 313 Omnibus Corp 100 Omnibus Cpf(f)A Ry 4% Oppenheim Collins 22 11's Otis Elevator (60c) 17°% 44 O eel | ®413 22% Otis Steel prpf ___ | 104 80 Owens-111 Glass(4) 14 131 19 12 70 6% Pac-Amer Fishertes Paclfic G & E (135) Pacific Ltg (2.40). 1 Pacific Mills __ _ 3 Pacific Tel & Tel (6) 1005 Pac Wn Oil (b40c) 7 : Packard Motors 181 Param't Pic (new)_ Taram't Pic 1st pf_. Param’t Pic 2d pf__. Park Utah Parmelee Transp't_ Pathe ¥Film Corp._. Patino Mines _ Penney J C (2) _ Penn Coal & Coke Penn Dixie Cement_ Penn RR (1) Peoples DS (11) Peoples Gas Chi_. Pere Marguette Pet Milk (1)._ Petrol Corp Pleiffer Brawir Pheips Dodge(az5e) Phila Co 6% pf (3)_ Phila & Read C&I_ Philip Morris (1) __. Phillips Petrol (1).. Pierce Petroleum Pillsbury F1 (1.60) Pitts Screw & Bolt_ « Pitts Steel pf 1'4 Pitts United Corp 2413 Pitts United C pf 1 Pittston Co 613 Plymouth Oil 6'x Poor & Co (B) 1% Porto R Am Tob(A) % Porto R Am Tob(B) 4% Pdstal Tel&C pf (d) " Pressed St Car (d). 615 Pressed St C pf (d) 42% Proc & Gamb! (1% Proc & Gam pf (5 Pub Sve N J (2.40)_ » Pub Sve N J pf (5)._. Pub Sve N J pt (6)_. Pullman Ine (3).. » Pure Ol1 - 495 Pure Oil 8% pt 8% Purity Bakeries (1) 4 400 Radlo Corporation_. RadioCorppf B __ 14 Radio-Keith-Or (d) 4« R R SecIll Cent___. 16'2 Raybestos-Man (1) 20"« Real Silk Hose pf__ 7 Remington-Rand 21% Remington-R pr pf_ 69 Rem-Rand 6% pt 24 Reo Motor Car. 9 Republic Steel 28% Republic Steel pf__. 28 Republic Stl pf cod_ 17'; Reynolds Metals (1 43 Reynolds Tob B (3) 2175 Roan Antelope Ltd 347, | 113% 104% Sateway Strs pf (7)x 60s 4 St Joseph Ld (40¢). St L-San Fran (d).. Savage Arms Schenley Distillers. Schulte Retail Strs 4 351 408 16 108 40 2 72 118 60 21 10 31 3 17 Safeway Stores (3) x Scott Paper (1.80)_ Seaboard Air L «d)_ Seab'd O Del (160c) Seagrave Corp - Sears Roeb'k(aT5c) Seo Nat Ihv pf $2% % Servel Inc o 9 Sharon Steel Hoop._ 3% Sharp & Dohme 43 Sharp&Dpf (335)_ 7Y% Shattuck(F G)(25c) 20% Shell Trad (a1.23.7) 512 Shell Union Oil Safeway Strs pf (6)x110s 108 111y 21% SEPTEMBER 18, 1935. Stock and Dividend Rate. 4da 00, 00. Bigh. 6314 Shell Union Oil pf __ 8% Silver King C(40¢c). 6 SimmonsCo.. . 5 Simms Pet (a50c)_. 6 Skelly O11 = ShefMeld pf_ 15% Snider Packing 10% Socony-Vae (30¢) . 10714 Sol Am Inv pf(5%) 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific _ 5'3 Southern Raflway._. 7 Southern Rwy pf.. Spalding(AG)1st pt 30s 593 Spang Chalf pf $3% 110s 3t Sparks-Withington 3% Spear & Co . 32 Spencer Kell (160). 7% Sperry vtc (a25¢).. 81; Spicer Mfg . . 1 437 Spiegel-Mav-Stern. 127 Stand Brands (80e). 2'; Stand Com Tobacco. 1'3 Stand Gas & Elec . 13 Stand G & E $4 pt. 25 4% Stand G & E $6 pf. 6 StandG&E$7pf_. “4 Stand Inv Corp ___ 27% Stand O1l of Cal (1) Stand Oil of Ind (1) 35% Stand OII N J (1) _. Starrett (L S) (1) _ Sterling Prod (3 80) Sterling Secur (A)_. terling Secur pf_ tewart-Warner tone & Wehster tudebaker Corp un Of1 (11) __ 115'; Sun Oil pf (6) Superheater (50c) 1% Superior O1l Low. Close. onn 5 12815 128% — 4 31% 31% 10% 11 + % 10% 10% - % 1315 13% + % 29 39 126% 126% +1% 6% 6% — % 38y B8Y — % 127 + & + 24 Slo: 23% + Y% Y% % % L 42 1214 5R% 1 EDY [ 23 21, ot 26% 11 208, 19% 181, 14 6 FINANCI u' Close. cm 93 + % 1!’% 125 15% 154 + 4 B ‘ i 57 195 1 IH' 133 lll' 82 27 1" 5 AL. STOCKS ADVANCE ON BROAD FRONT Steel, Auto and Various In. dustrials Go $1 to $3 Higher. STOCK AVERAGES 1408 7 4 28 202 23 28 16 5 Superior Steel therl'd Pap t6oc Swift & Co (150e) » Telautozraph (60¢) 4 Tennessee Corp. 1613 Texas Corp (1) 28% Texas Gulf Sul (2). 14 Texas& PacRR 314 Tex Pac Coal & Oil 813 Tex Pac Land Trust Thatcher (1) R4 5's Trans 13 18 R R B I I I '4 The Fair 's Thermoid Co ___ 3% Thompson Products 1% Thompson Starrett 7% Tide Wat Asso Oil Tide Wat A O pf(6) 4% Timken-Detroit ___ Timken R B (11) Trans & Westn Air_ William 1% Tri-Contl Corp 4's Truax-Tra Coal .. 2 Truscon Steel 20th Century Fox 20th Century Fox pf : Twin City R T & Twin City R T pt —_—_— 1'x Ulen & Co 444k 534 Und-Ell-Fisher (2) Union Bag&Pap (2) Un Carb & C (1.60) - Ofl of Cal (1) _. Un Pacific (6) Un Pacific pf (4) 1031, 1007, B9, Un Tank Car (1.20) @7y United Alreraft 4'; United Air Line vic 's United Bisc (160) United Carbon 2.40 United Corp ¢ United Corp pf (3) x % United Drug 4'; United Dyewood United Dyew pt (7) United Fruit (3) x United Gas Imp (1) '« United Paperb'd (d) U S Distributing pf 1 US & For'n Secur 35's U S Ind Alcohol (2) 34 U S Leather vic 7'3 US Leather A vtc 53 U S Leath pr pf vic 14% U S Pipe & F (50¢c) 3 USRealty & Imp _ 9's U S Rubber ECIn 241; U S Rubber 1st pf 92 USSmelt& R (a6) 4 USSm&Rpt (3 2 US Steel__ 73% U S Steel pf (2) 119« U £ Tobaeco (15) 111 1100 133 133 149% U S Tobacco pf ( +1 29 Pl ++ FEREERS 34 173 Vi &7 I+++ + 414+ 's United Stores (A) Univ Leaf Tob (12) Univ Pic 1st pfd ___ 1 UnivPipe & Rad _ 913 Univ Pipe & Rad pf 1 Utl Pw& Lt (A) _— 1z Vadsco Sales Corp .. 11'¢ Vanadium Corp 11'¢ Van Raalte (a25¢) Vick Chem (12) 2'; Va-Car Chemical -Car Chem 6% pf Va-CrCh 7% Vulcan Detin (a4) _ - 2 i 3 pE(T)- g 4'x Waldorf Sys (50¢) . 261 Walgreen Co (1.40 Walgreen pf (6%) Ward Baking (B) _ Ward Baking pf (2) Warner Bros Pic Warner Bros Pic pf 1141+ Warner-Quinlan. Warren Bros » Warren Fdy&P (2)_ Webster Eisenlohr _ 2 Wesson O&S (150¢) West Pa Elec (T)A West Pa Elec pf (6) *i%l West.Pa Elec pt (7) West Pa Pwr pf (6) Western Maryland_ Western Md 2d pt Western Pac pf (d). Western Union West'gh'se A B 50¢ Westinghse El as0c. Weston Elee Inst Westvaco Chi “40¢) Wheeling Steel - Wheel Stl pf(3135)_ White Motor White Rk M S(1.40) White Sewing Mch. White Sew Mch pf_. Wileox Oil & Gi Wilson & Co (azie) Woolworth (2.40) . _ 11% Worthington Pump 25'; Worth Pump pf A__ 35'2 Wright Aero __ 3% Wrigley W ir (13)_ 310y 6% 76 883 281 B 108 110% - 54 4 P44+ + (44 +4 o 11:00 AM 1:00 P.M " Dividend ra | cash pasments amumom l +'l\‘il| Pllu extra. ast year + % ‘ Teorganized. | % Granite CS._ bzpl Appronm(e Sales of Stocks on Lh: N. Y. Stock Exchange. Total sales tor the as given in the abo | de ae ve tabie are the annusi s Unit of trading less than 100 sha t Accumulated dividends. d Companies T Ex dividend. 17% Yale & Towne (60c) 2% Yellow Truck 31's Yellow Truck pt Young Spr& W (2). Youngstown S& T_ 38'2 Youngst'wn S&T pt —_— 1\ Zenith Radfo_ 2% Zonite Produc: Rights Ixyln. 1 Budd Mfzg. Apr. % 81 W % 450,000 12:00 Noon. 1160.000 2:00 P.M ay. 1. £20,000 1 490,000 the latest quarterly or haif-vearly | s. ¢ Annual rate— a Pald this year. b Paid reported in receivership or being CONSUMPTION OF IRQN | By the Associated Press. CLEVELAND, September 18.—The reported today the steel industry con- sumed nearly twice as much Lake Su- perior iron ore last month as it did in August, 1934. Total ore consumed in August, 1933, was 2,615,927, compared with 1443,- 943 in the corresponding montn a year ago. The consumption in July. 1935, was 2,198,189 tons. Despite heavy shipments to Lake Erie docks and to the furnaces, the total they had on hand Septembe: 1, 1935, was 31,490,714 tons, compared to 32,670,318 on the corresponding date a year ago. S SR Florida East Coast Railway—Def- icit seven months ended July 31 was $1,394,977 vs. deficit $1,023,883. 5 |ORE INCREASES SHARPLY| Lake Superior Iron Ore Assoriation | GREAT WESTERN GAINS HELD BEST SINCE 1930 By the Associated Press. Chicago & Great Western Railway has done a better business in the last | 30 days than at any time since 1930, Patrick H. Joyce, president of the railway, said as the Board of Directors gathered for a regular meeting. “We have enjoyed this seasonal gain despite the fact that grain and live stock are not moving. Oil, coal !and such are making up this loss,” Joyce said. KROGER SALES DOWN. NEW YORK, September 18 (#).— Kroger Grocery & Baking Co. reports sales for the four weeks ended Sep- tember 7 at $16,379,890 inst $16,- 894,082 for the- corresponding period " last year, a decrease of 3 per cent, > CROPS CHIEF FACTOR FOR WESTERN ROADS | By thé Associated Press. OMAHA, Nebr., September 18.—The | NEW YORK, September 18—W. A. | Harriman, chairman of the board of | the Union Pacific Railroad Co. ex- pressed the opinion that creps would | be the most important factor in the | progress of the Western railroads this | year and that the last four months | of the year would establish the trend | of earnings. Mr. Harriman returned | from Europe yesterday, 1 ZONITE OPTIONS GRANTED. NEW YORK, September 18 (#).— Zonite Products Corp. has informed the New York Stock Exchange that it‘ has granted to Robert R. Wason, president, options to purchase at the | m price of $3 a share up to 20,000 | shares of the company's capital stock. \ The options to run to June 30, 1938. | § 18 18 lndus n.m vl 5 +.6 2 38.0 378 381 26.7 393 185 2158 430 406 an Btks +.4 50.7 50.3 484 36.7 50.9 3438 514 Net change. Today, close *68.8 Prev. day.. 68.3 Month ago. 64.8 Year ago_.. 477 1935 high.. 68.8 1935 low.-... 49.5 1934 high... 61.4 1934 low.... 453 228 242 349 1932 low.... 175 8.7 239 169 1929 high...146 9 153.9 1843 157.7 1927 low.... 516 953 618 618 (Compiled the Associated Press.) *New 1935 high. 2712 266 259 247 276 BY VICTOR EUBANK, Associated Press Pinancial Writer NEW YORK. September 18 —The stock market cast aside itz rece hesitation and pushed | forward today. aided by a retreat c shorts. . Firmness of sterl scrap prices a Pittsburgh and ambitious plans of the automobile industry in connection witl 1936 model production led to acti buying of steel, automotive, and mi cellaneous industrial shares. Many issues rose 1 to 3 points to new tops for the year and sales approximat ed 1.900.000 shares Oils came forward in the late deal <. as Wall Sireet seemed encour d by the new cu prozran the Independent p in Cal fornia and tobace by Wali Siree possibility of a cessing tax A rally in United States Gove ment issues in the bond market a reassuring development in that tor. Wheat at Chicago gave up m: than a cent of vest s sharp r but cotton at New York was aga firm. Foreign exchange dealings we marked by a recovery of the recen depressed Holland guilder Advances of about 2 to 3 points wvere regisiered Sieel Chrysler, Allied Chemica Jchns-Manville, Liggett & Mye: Paramocunt first preferred. Union cific and Case. several to new highs. Shares up a point or so cluded U. S. Steel. Bethlehem Sterl American Tobacco B. Santa Fe. Nev York Central. Pennsylvania. Warne Bros. Westinghouse Electric, Gen eral Electric, Standard of New Jer sey. Phillips Petroleum. Americar Woolen preferred and others. Severa motion picture issues and low-pricet motors rose fractions in heavy trad ing Du Pont, yesterday's buovan | feature, lost part of its gain. et of reduction of the pr ot more t by Inlan¢ 19. SINGER CO. REVEALS $13,833,917 EARNINGS the Associated Press NEW YORK. September Singer Manufactubing Co. reports 1o ,the year ended December 31, 1934 net profit of £13.833,917 after cnarges and taxes. equivalent to $1537 g share of capital stock. For 1933 el income was £10,830,835 or $12.03 s I Chicago Grain By the Associatea Press CHICAGO. September 18.—An ava lanche of selling that was largely te realize profits on the part of recen buvers forced wheat prices down hill today. A lull in European demand fo { Canadian wheat had considerab) | bearish effect. Most traders construec European reports as more peaceful Chicago Cash Market. Cash wheat, No. 2 hard No. 4 red. tough. 93: corn, No. low, 86: No. 2 white, 86'4 3 white, 30'4a31'.; no rye, buckwhes| and soy beans: barley nominal; feed, 32a45; malting. 50a75: timothy seed 2.50a2.65 cwt.: clover seed, 11.00a16.5" cwt 118 2 ye : oats, No, Liverpool Grain Prices. LIVERPOOL. September 1% (¥ .—Wnert futures closed e, Fre | clo: a5 a4 October ____ December _ March Exchange, imore Quotations. BALTIMORE. September 1515 — Wh No. red Winter. garlicky, spot dome 88,0 September. KK, \ New York Cotton wl By the Associated Press. NEW YORK. September 1R—The ,concn futures market scored furthe: | gains today. December contracts active buying interest, early trading to 10.68, | from yesterday's close Monday's low. Demand tapered off at these fiz- ures, which attracted some realizinz or Southern hedging, but offerings were absorbed on reaction of € or 7 peints. The midafternoon market wes | steady and about 15 to 19 points net | higher. Futures higher ! attracted an rising in the up 26 poin:- and 38 from closed barely Hign 1069 10. steady. 18- Low. tobs « Dtc!mhe Janlrv Mi - ul e Boot steads; Cottonseed Oil. Bleachable cottonseed oil futures closed easy. September, 10.25; October, 10.17a10.18; December, 10.14; January, 10.13; March, 10.25. Sales, 153 con- tracts, including 16 switches. Liverpool Quotatiens. Dtember 18 ¢ (on Yooo Dalés, American ik Spot. 400 business done: prices 14 points higer Quotations in pence; American strict zood 6.99: good middling. 6.69: siriet Tiddling middling. 8.19: striet ow middling, & low middling. #.04: strict £00d ordinary 5.84: good ordinary, 5.54 Futures closed steady.” October. $00: De- ber S &1: January. March. 5.a. May, 5.84; Juiy. 5.83. A 10,82 10.88-00 ».—Cor- . 13—