Evening Star Newspaper, September 20, 1935, Page 18

TA—18 ¥ D. C. FIRMS GET TRANSACTIONS 0 ALEXANDRIA ISSUE Brown, Goodwyn & Booker Share Offering With Richmond Bidder. BY EDWARD C. STONE. Brown, Goodwyn & Co. and Y. E. Booker & Co. of Washington and Miller & Patterson of Richmond were successful bidders yesterday for $279.- 000 City of Alexandria, Va., Serial 45, offered for sale by the R. F. C. Competition for the issue was keen, there being approximately 10 bidders. fhe successful bid was 42 cents per $1,000 bond above the next highest bidder. The bonds are being reoffered at prices to yield from 0.35 of 1 per cent n the shortest maturities, to a 3.30 sis for the longer bonds. 1t was stated this morning that the ponds are being rapidly taken by in- Vestors and it was expected that the ®entire issue would be sold out by the close of business today. Drive to Strengthen Banks. The Federal Deposit Insurance Corp. has undertaken a program designed to give the country a still stronger bank- ing structure, aimed eventually at the weeding out of all weak banks. It is reported that considerable preliminary work has already been completed. The program is expected to bring about gome mergers, in connection with which the Federal agency will take bver the assets of the weaker banks, separating the good from the bad and then putting these banks in with mc sounder institutions. The new program calls for a Nation- fwide canvass of all the banks which pre members of the Federal Deposit ¥nsurance Corp. to learn which ones need special attention. The corpora- tion says there will be comparatively few banks which will be placed with others. Such action will be taken in Ynstances where communities are over- banked and no consolidations will be to the disadvantage of stronger insti- tutions, officials say. Institute Consuls Named. B. Bruce Frantz, American Security & Trust Co, was appointed chief «consul by Chapter President J. Earle McGeary today. He is a graduate of the Institute of Banking, Benjamin Franklin University, and is connected fvith the trust department at the bank. Other members of the committee in- clude: Henry P. Hoffman, Second National Bank, associate chief consul G. Craw- ford Turnbull, Morris Plan Bank, as- gociate chief consul Donald W. Mow- bray and Merrill W. Drennan, Amer- §can Security & Trust Co.; J. Ken- nedy Ireland and Miss Leona E. Draeger, Washington Loan & Trust 0.; Ernest E. Dooley, Columbia Na- tional: George R. Galleher, Lincoln WNational; Claude W. Kniseley, Riggs National; E. A. Ginnetti, Second Na- tional; Dock R. Farthing, jr., Ana- costia Bank; Thomas J. Norris, Com- pmerce & Savings; William E. Boll and Bernard M. Grant, City Bank; Wil- lam C. Cox, jr., McLachlen Bal iss Dorothy L. Covert, Security Sa: §ngs & Commercial; C. Rudolph Bchreiner, Citizens’ Bank, Alexandria; Miss Ethel Ann Loeb, Alexandria Na- tional; E. Wallace Schreiner, First WNational, Alexandria. S. Mason Wagner, National Bank of | Washington; Ralph H. Mittendorfl Bnd Miss Esmer Frock, American Se- curity & Trust Co.; Theodore B. Bog- Jey, Munsey Trust Co.; Douglas R. Bmith, National Savings & Trust; Thomas C. Talbert, Union Trust Co.; Francis M. Durrance, Hamilton Na- tional: Mrs. Gertrude C. Wick, Lib- erty National, George M. Rowzee, jr., Lincoln National; Neal N. Herndon, National Metropolitan; Frank U. Rodger, Miss Frances E. Nagle and Stephen O. Porter, Riggs National; Donald Hollingsworth, Second Na- tional; Frank M. McGeary, jr, W. B. Hibbs & Co.; C. William McCormick, United States Government Insolvent Banks; Herman A. Lipkovitz, Farm Credit Administration, and Lundeen V. Steele, Washington Loan & Trust Co. Storage Dividend Declared. Directors of the Security Storage Co., meeting late yesterday, declared the regular quarterly dividend of $1.25 per share on the capital stock pr the company, Secretary C. P. Ra- Nenburg announced today. The divi- flend 1s payable October 10 to stock- Jolders of record October 5. C. A. spinwall is president of the company. Sales of American Stores Co. for August totaled $8,022,422, against $8,253,842 in August last year, a de- crease of $231,420, or 2.8 per cent. Bales for the first eight months of 8935 amounted to $77,156,770, an in- crease of 0.2 per cent over the like period a year ago. For the five weeks ended August 3 of this year sales Mere 0.6 per cent higher than a year 8380, Gov. George J. Seay of the Federal | Reserve Bank of Richmond has sent word to all banks in the territory that the reserve bank has full information on the new United States savings bonds, sometimes called baby bonds, which were put out for small investors. The bonds are purchasable at any post office. The Richmond bank alsp announces the latest offering of $50,- 000,000 in Treasury bills, on which tenders will be received up to Monday afternoon. Bank Clearings Lead Nation. Bank clearings in Washington for the week ending September 18 were 86.8 per cent ahead of the same week last year, compared with an average gain in the other leading cities in the United States of 20 per cent. New ork City alone had a gain of 18.8 per cent. Other citles in the fifth district were far behind Washington in the week's returns. Clearings in Baltimore 0.4 per cent better than a year ago gnd in Richmond were off 2.8 per cent. ‘The Bureau of Labor Statistics re- fports that the value of building per- mits in August rose to $87,770,000, most double the total of $44,633.000 gor August, 1934, and the highest jevel for any month since October, 3931 Capital Transit Improves. Capital Transit stock recorded three #mall-lot sales on the Washington Btock Exchange today at 18%, up % grom yesterday's close. The only other stock sale was in Riggs National Bank gommon, at 210, for a single share. Anacostia & Potomac R. R. guar- Rnteed 5s moved in two $1,000 trans- actions at 107':. The day’s market closed with $500 Capital Traction 5s changing hands at 96%, same price s noted on three sales yesterday. W. W. Spaid, senior partner in W. B. Hibbs & Co., will leave here tomor- row on a motor trip to Arizona. E—— Minneapolis & St. Louis Railroad deficit, seven months ended July 31, was $2,032,876, va. deficit, $1,985,530. A FINANCIAL. Prev. 1935 High. Low. 49 32 Abr& Strauss 11.20. 9% 4% Adams Express 83% 28 Adams Millis (2)_. 14% llV. 41 Advance Rumely. 6% AfMliated Pro (60c). 162‘/. 104% Afr Reduction (3). 20% 15% Alaska Jun (160c).. 2% % Alleg Corp (d) ... 814 2% Alleg pf w330w (d). 80% 21 Allegheny Stl (1).. 173 125 -Allled Chem (6 7% 3% Allled Stores 73% 49 Allled Stores pf (5) 29% 12 Allis Chalmers. s 2% Amal Leather 33 26 Amal Leath pf ($2) 71 48’ Amerada Corp (2) . 57% 4113 Am Ag Ch(Del)(3)_ 8214 1313 Am Bank Note . ... 38% 21 Am Brk Shoe (1) _. 12813119 Am Brk Shoe pf (7) 146% 110 AmCan (t4) _____. 168 151% Am Can pf (7) 10 AmCar& F‘oundr! 25! Am Car & Fdry pf__ 8 Am Chain 38 Am Chain pf($1% ¥ 66 Am Chicle (13) ___. 22'3 Am Comel Alcohol. 6'2 Am Crystal Sugar. 72 AmCrys S 1st pf * Am Encaustic (d).. 2% Am European See._. 2 Am & Foreign Pwr_ 12 Am & For Pw $6 pt. 14 Am & For Pw $7 pf. s Am & For Pw 2d pf._ 8% Am Hawailan S8(1) 2% Am Hide & Leather. 17 AmHide&Lpf . . 294 Am Home Pr (2.40). 2% Am Ice._ 4'3 Am Intern 1% Am La Fran pf (d). 9 Am Locomotive __. 32 Am Locomotive pf_. 18'; Am Mch & Fy (80¢) 4% Am Mch & Metals__ 4's Am Mch & Met vte.. 13!3 Am Metal 11; Am Power & Light.. 8% Am Pw & Lt $5 pf__ 493 10%; Am Pw & Lt $6 pf__ 18% 10'; Am Radiator 152‘1 134'3 Am Radiator pf( 27% 15% Am Roll Mills a30c. 95% 66 Am Safety Raz (5). 137 43 Am Seating vtc ._. 264 20 Am Shipbldg (2) 51% 31% Am Smelt & Ref __. 144 121 Am S&R 7% pf (7)- 76 63 Am Snuff (13) _ 143 125 Am Snuft pt (6 20% 12 Am Steel Foundry_. 106 88 Am Stl Fdry pf (2) 43 333 Am Stores (12) 70'; 51% Am Sugar (2).. 1401, 126'; Am Sug pt (7) 27 18'; Am Sumat Tob (1) 145% 987 Am Tel & Tel (9)... 99% 172'3 Am Tobacco (5) ... 103 74% Am Tobacco B (5)-. 140% 129's Am Tobacco pf (6). 222 9 AmTypeF pf (d).. 19% T's Am Water Works_.. 82 48 Am Wat W 1st (6) 9': 47 Am Woolen 54!, 35! Am Woolen pf_ 6!z 2% Am Writ Pap p! 5% 8 AmZinc& Lead. . 49 31 AmZinc & Lead pf_ 224 8 Anaconda Copper-_ 28 16'% Anaconda Wire _._ 17% 12'; Anchor Cap (60c) - 109 100 Anchor Cap pf(6%) 52 36 Archer Dan M (11) 122% 117 Archer Dan pf (7). 108 97 Armour Del pf (7). 6's 3% Armour of 1llinois. 85 Arm'rof Il pf(33) _ 55's Arm'r(11l)pr pf (6). 16'; Armstrong Cork 50¢ 4 Arnold Constable._ 7'2 Asso Dry Goods 8073 Asso DG 1st pf(39). 48 Asso DG 2dpt 35% Atch To&S Fe (a2). 66% Atch To&S F pf(5)_ 19% Atlantic Coast Lin: 213% Atlantic Ref (1) 32% Atlas Powder (2)... 4 Atlas Tack _ 15 Auburn Auto 5! Austin Nichols 2% Aviation Corp(Del 91y 24% 9y 41 6% 26% 18 1'; Baldwin Loco (d)-. 7's Baldwin Loco pf (d) 7> Baltimore & Ohio__. 23 9% Baltimore & Oh pf_. 110 100% Bamberger pf (6%) 49'; 36's Bang & Aroos (2%) 115 106% Bang & Aroos pf(7) 6's 3% Barker Brother: 10% 5% Barnsdall Corp _ 51t 37'; Bayuk Cigar (11) . 19 14% Beatrice Cre (a50c) 14% 11'% Belding-Hem (1)... 23% 117 Bendix Aviation __ 15'% Beneficial Lo (13%). 34 Best&Co (2) 21% Bethlehem Steel . 55% Beth Steel pf(al%) 14% Bigelow-San Corp 9% Blaw-Knox _. 103% Bloomingdale pf(7) 28% Blumenthalpf ___. 6's Boeing Airplan 39% Bohn Alum &Br (8) 90 Bon Ami (A) (14) .. 42 Bon Ami (B) (12)._. 21 Borden Co (1.60) .. 28% Borg-Warner (2)__. 815 Bridgep’t Brass 40c 24'; Briggs Mfg (2) 23t Briggs & Strat (3).. 2 30% Bristol-Myers (12). 36'3 Bklyn-Man Tr (3) .. 80 Bklyn-Man T pf(6). 1% Bklyn & Queens. 14 Bklyn& Qpf (2 43 Bkiyn Unlon Gas(5) 3% Brunswick-Balke. 4% Bucyrus Erle. _ 81 Bucyrus Erfecv pf_. 62% Bucyrus Erie pt (2) 3% Budd(E G)Mfg_---. 23 Budd(E G)Mfg p: 215 Budd Wheel 8% Bullard Co 3% Bulova Wi % Burns Bros(A % Burns Bro B (d) . 3 Burns Bropf(d)__. 13% Burr Add Mch(60c) 1 Bush Terminal (d). 1' Butte Copper&Zine. 45 Butterick Co (d)._. 11% Byers (A M) __ 32 Byers (A M) of. 2 30% California Pkg(1%) '. Callahan Zinc 2 Calumet & Hecl: 'v, Campbell-Wy 814 Can Dry G A (400)_. 9%, Canadian Pacific.. 30 Cannon Milis (2)_. 4% Capital Admin (A). 45% Case (J 1) Co 831; Case (J 1) pf (4)___ 3615 Caterpillar Tr (11)- 19 Celanese Corp.. 1% Celotex Co (d) - 11% Celotex Co pf (d) 221 Cent Aguire (1%). 34 Central RRof N 6% Century Rib Mill 38% Cerro de Pasco (4, 3% Certdin-teed Prod_. 23 Jertaln-teed Pr pf.. 37% Ches & Ohio (3.80) - 36 Chesapeake Corp(3) 1 Chi&EastIll (d)_. 5 Chi & Grt West (d). 1% Chi & Grt W pf (d)_ 15% Chi Mail Order (t1). % Chi Mil StP&P (d). %-Chi M StP&P pt (d) 1% Chi & N W (d) . 3% Chi & N W pt (d) 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf... % Chi R I&Pac (d)._..* 25 Chickasha C O (2)_. 313 Childs Co 9 Chile Copper—_____ 31 Chrysler Corp (t1). 14 City lce & Fuel (2). 69% City Ice&F ptusfi) 314 City Stores _ 124% Clark Equip (30 89 CCC&StLpf (5)- 27% Clev Graph Br (t1) 80 Clev & Pltts (3%) - 246 161% Coca-Cola (8) 53% Coca-Cola A (3).-... 15% Colgate-P-P (50¢)-. 9 Collins & Alkman__ 69% Collins & Alk pf (7) 1% Colo Fuel & Ir (4) .. 5 ColoF&1pf(d) _ 7 Colo & Sou 1st pf. 3% Col Gas & Elec 86 35% ColG&Epf A (6)_. 81 341 Colum Pic vte (1) 94 67 Colum Carbon (4).. 537 39% Comcl Credit (23%). mu 112 Comel Cred pf(6%) 56% Comecl Inv Tr(132.80) 8 Addressog’h (60c)-.x THE EVENING STAR, WASHINGTON, Net. | High. Low. 208 42 30 8% 17 18% 13 12% 124 — g4 % 18 1460 14715 206 41 15% 16% 15% — % 29 1% 1% =% 5 — % 261 ~1% ~1% - % -1% — % 3= W -% 6 33% 32% 120s 127 127 24 140% 138 156 20 19% 95% 884% 25% 14% 831y ST e e anmaeBolens B mme Se b 20% 2543 10 12 40s 100, 10 47y 20s 118!y 100 100 60's 60! 32% 331, 6 6 13% 243 20 1635 15% 12 20w 19 208 107% 1 441 80s 1121 140s 1 11 20- lso- 2 23 48% l lllh ll(% 114% - 18 65 64 64n -lD Prev. 78'. 165 6% 39% 19% 10314 40% 41l 43 12% 33 24 % 5ty 1354 131 8 161 29 321 12 974 49y 66 132 Tl 1038 and nm«nu Rate. A 977% Comcl In T pf(4%). 17% Comel Solv (160¢).. % Comw & Southern._. 29% Comw & Sou pf (3). 27 Congoleum-N(1.60) 41 71 ConC pr pf ww 3% Conedl Film - 14% Cons Film pf ($1%) 157 Consol Gas N Y (1) 72'4 Consol Gas pf (5).. 6% Consol Oil (a25e) .. 8% Container Corp (A) 27 Contalner Corp (B). 4'3 Contl Baking (A)... s Contl Baking (B) .. 46'4 Contl Baking pf (4) 62% Contl Can (2.40). __ 7 Contl Dia F (a55c)_. 287 Contl Insur (11.20). % Contl Motors 15' Contl O Del a62%5¢c. 41% Corn Ex Bk&Tr (3). 6013 Corn Prod Ref (3).. 149 Corn Pred pf (7). 4's Coty Ine.._ ___ 35% Cream of Wh (12)._. 1215 Crosley Rad (a2¢) 23'; Crown C&S (1) 74'2 CrownWP1st pf(5). 313 Crown Zelleb'k vtc. 5 Cuba RRDpf_ 5% Cuban-Am Sugar 40'; Cuban-Am Sug pf. 397 Cudahy Pkg (2%)-. 15 Curtis Publishing__ 8914 Curtis Pub pf (7) 2 Curtiss Wright . 614 Curtiss Wright (A) 73 Cushmans pf (1) 16 Cutler Hammer___. 6 Davega Stores. 22% Deere & Co B 19 Deere&Co pf (375¢c). 231; Delaware & Hudson 11 Del Lack & West _. 65 Detroit Edison (4) - 26'; Diamond Mtch t1%. 34% Diam Mat pf (t1%) 34' Dome Mines (12)__. 6% Dominion Stores __ 17'; Douglas Air (a75c). 13'2 Dresser Mfg A b1l4 % Duluth S S&Atl pf_. 2 Dunhil Internatl_.. 86% Du Pont (13.60) 1267» Du Pont deb (6 3% Eastern Roll Mills_ 110'; Eastman Kod (15).. 16% Eaton Mfg (11) 193, Elec Auto L (a30c). 107 Elec Auto L pt (7). 37y Electric Boat 5% Elec & Mus Ind l‘n Elec Pw & Lt '3 Elec Pw & Lt §6 pt 3 Elec Pw & Lt $7 ptf. 39 Elec Stor Bat (2%). 527 Endicott-John (3) _. 125“. Endicott-Joh pf(7). +« Engineers Pub Svc. 2 Equip Office Bldg. ~ErieRR _ :ErieRR 1stpf _ 10‘ Eureka Vac C (lOt) 15 Evans Products(1). 2 Exchange Buffet _— 2% 30 267 120 12 2% 10% 10% 44 20% 13 146 8% 6l 15% 49 644 35 110% 4% 18 117 34 T 12% 4% 117% 25% 88 81% 18 3% *s Fairbanks Co 4 Fairbanks Co 17 Fairbanks Mors: 71's Fairbanks M pf :3% 5% Fed Lt & Tr 54 Fed Min& Smpf __ % Fed Motor T (allc) 2 Fed Screw Works _ s Fed Water Svc (A) 16!5 Fed’d D Strs (160c) 28'; Fid Ph F In (11.20) 16 Filene's (180c) . 13!s Firestone (40c) 84'; Firestone pf A (6)._ 45% First Nat Strs (23§) 19 Florsheim (1) A __. 2'% Follansbee Bros(d) 20'¢ Food Machine (1) . 9% Foster- Wheeler___. 60% Foster-Wheeler pf 19% Four Nat Iww al.10 17% Freeport-Texas (1) 15 Fuller Coprpf.._.. 4% Fuller Co 2d pf o 7s Gabriel Co (A)- 7 Gamewell Co_ 5'3 Gen Am Investors.__ 52% Gen Am Trans(1%) 11% Gen Asphalt 7' Gen Baking (60¢c) 115 Gen Baking pf (8).. 5% Gen Bronze .. 2 GenCable 4 GenCable (A) 19 Gen Cable pf 50 Gen Cigar (t 20'; Gen Eleetric ( 30 Gen Foods (1.80) % Gen Gas & E! 40 GenItal Ed (a3.85) 597 Gen Mills (3) Gen Motors (12) .. 107's Gen Motors pf (5) - 10 Gen OQutdoors Adv A 173 Gen Print Ink(1.60) 93'3 Gen Print Ink pf(6) 1% Gen Public Service_ % Gen Realty & Util.. 14% Gen Real & U pf ww 16% Gen Refractories._. 12 Gillett Saf Ras (1) 70'; Gillett Saf R pf (5). 2'» Gimbel Bros. . ___.. 18 Gimbel Bros pf..... 23% Glidden Co (11)___. 1047 Glidden Co pr pf (7) 1t Gobel (Adolf) (d).. 14% Gold Dust (1.20)cce 7'3 Goodrich (B F)_. 40 Goodrich (B F) p! 15% Goodyear T&R . 70 Goodyear $7 pf ( 2l; Gotham Silk Hose. 20 Gotham Silk H pf. 1% Graham-Paige 5% Granby Consol_—___ 24 Grand Union _ 14% Grand Un pf (1%)-. 1814 Granite City Stl (1) 26 Grant (W T) (t1).- 9% Grt Northern pf. 9% Grt Nortn Ore (5 26% Grt West Sug (2.40) 34 Greene Canan (12). 20%; Greyhound Corp... 1 Guantanamo Sugar. 19 Guantanamo Sug pf 6 Gulf Mobile& N pf_ 12 . Gulf States Stee! 30 Hack WpfA (1%)- 4 Hall W F Printing-.. 613 Hamilton Watch _ 63 Hamilton W. 100% Hanna (M A) $5 pf. 16 Harbison Walk (1). 5% Hat Corp of Amer. 1% Hayes Body 85 Hazel Atlas Gl (5) 11 Hercules Motor (1). 71 Hercules Pw (13)__ 73% Hershey Choc (3) - 104 Hershey Ch pf (14). 5% Holland Furna 65 Holland & Son (50¢) 30% Houd-Hersh (2%) A 613 H'daille-Hers B(1).x 1% Houston U1l (new)_ 43 Howe Sound (13 2% Hudson & Manhat. 6% Hudson Motor Car. % Hupp Motors.. —— 1% 24% 54 33 104 95% 5% 67 23% 3 915 Illinois Central 15 Illinois Central pf.. 40 [l1 Cent Ise lines(4). 233 Indus Rayon (1.68). 60% Ingersoll-Rand (3). 46% Inland Steel (12).. 215 Lnspiration Copper- 4 Insur ShMd cfs 160. 8% Interboro R T(d)__ 1% Intercontl Rubber. 4% Interlake Iron. ... 2% Int Agricultural_... 26 Int Agricul prpf. 149% Int Bus Mach (t 8% Int Car'rs Ltd (20¢) x 22% Int Cement (1) .. 34 int Harvester 60e) _ 1% Int Hydro Elec (A). 22% Int Nick Can) (30s. 1% Int Paper & Pw (A) 3 Int Paper & Pw (C). 41 Int Paper & Pw pf_. 2115 Int Print Ink (1) 98 Int Print Ink pf (6). 9% Int RY C A Pfecacce 29 IntSalt (1%)ecameee (a20¢) - ae Island Greak G (39— - 1208 N THE NE mu.cm '7 Iolfl IW% 101% — % 18% — % 55 34 D. C., FRIDAY, SEPTEMBER 20, 1935. W YORK STOCK EXCHANGESI[][}KS[}[]I][]WN Prev. 1038 High. 67 Low. 49 Jewel Tea (3)._ 77% 381 Johns-Manv (a50c). 1% = % | 125% 117% Johns-Manv pf (7). f— Wl -% 13% 187 3 16 100s 308 11 1% I 384 16% 12 1403 lOb' 3 3's 11 28% 10s 1 2 ch pf 100s 101 9 130 35! 13 1215 14 6% Kans City South pf. 7% Kaufmann D S(80c) 15% Kayser(J)&Co a90c. 6 Kelsey-Hayes (A).. 3% Kelsey-Hayes (B).. 10% Kelvinator (t50¢).. 13% Kennecott C (60c) 3 Kinney (G R) Co_ 23 Kinney (G R) Co pf. 19% Kreage (SS) (1) 22% Kroger G&B (1.60) . 19% Laclede Gas pf 22% Lambert Co (2) 813 Lee Rub&Tire (50c; 10% Leh Port Cement ___ 89% Leh Port C pf (3%;) 1'; Lehigh Valley Coal. 6% Lehigh Val Coal pf_ 5 Lehigh Valley R R. 67'% Lehman C (12.40) ... 10% Lehn & Fink (13%).. 6'2 Libby McNeill & L. 21%; Lib-O-Ford GI(1.20) 21 Life Saver (1.60) .. 93% Ligg & Myers (14)B 13 Lima Locomotive. 17'% Link Belt (80c)_ 24%; Liquid Carb (t1) 31% Loew's Inc (2) 1 Loftinc __._ 14 Long Bell Lum (A). 33 Loose-Wiles (2) _.. 18!5 Lorillard' P (11.20). * La Oil Ref (d) ____ 10% Louisv G&EpfA 1% 34 Louis&Nash(a2%). 12% Ludlum Steel 113 McAnd & F pf (6) 4 28 McCall Corp (2) __. 7% McCrory Stores (d) 6/2 McCrory Strs B (d). T McGraw Hill Pub __ 45% 36% Meclntyre Porcu (2) 1274 87 17 90, McKeesport T P (4) % 5% McKesson & Rob __ 32 McKesson & Rob pt 8'5 McLellan Stores _ 8513 McLellan Stores pf. 18% Mack Truck (1) ____ & 30 Macy (R H)& Co(2) » 18% Magma Copper (2). 4 Manat! Sug pt (d)._. 29 Man Elev gtd (d) 13% Man El md gtd (d) 10 Manhat Shirt (60c). 5% Marine Midld (40¢) 20 Marlin-Rockwell(2) 6% Marshall Field & Co 4 Martin Parry _____ 23% Mathieson Alk(13%) Mathieson A pf (7). May Dept Str (1.60) Maytag Co . . 2 Maytag 15t pf (6) _ Melville Shoe (2%) Mengel Co Mengel Co pf Mesta Machine (2). Miami Copper - Mid-Cont Pet(al5c) Midland Steel Prod Midr'd Stl 1st pf(8) Minn Hon R (12) Minn Hon R pf (6) “a Minn Moline Pw Minn Moline Pw pf. Mission Corp Mo Kans & Texas _ Mo Kans & Tex pf. Mo Pacific (d) ___ 2 Mo Pacific pf () ‘« Mohawk C M (a25c) Monsanto Chem(t1) Montgomery Ward Morrel & Co (3.60) Mother Lode Motor Products (2) Motor Wheel (60c) - Mullins Mfg (A) ___ Mullins Mfg (B) __ Mullins Mfg (new) . dl‘ Murray Corp . Dlvm-na l.n-. Add 00. 9 64 108 —}.% 84% 50 Jones&Laugh7%Dpf. 130s ———— 13% 18% * » rhaselebonaadicne -~ S 210s 20 kDS as 1 19 61 10 3508 248 _— 19! 104 10% — 17 28% 2 11 Nash Motors (1) 415 Nat Acme Co 6% Nat Aviation 221 Nat Biscuit ( 13'5 Nat Cash Rx A (50¢) 27 Nat Dairy Pr (1.20) at Dairy pt A (1) at Dept Stores (d) at Dept Strs pf(d) 231 Nat Distliers (2) _ 47 Nat Pw & Lt (80c)._ 40% Nat Steel (t1) __ 9 Nat Supply Co 36 Nat Supply Co pt. 814 Nat Tea (60c) 7'; Natomas Co (80c 211 Nelsner Bros (t1) __ 431; Newberry J J(1.60) 2109 Newberry J J pf(7) 4% Newport Industries 18'2 N Y Alrbrake _ ___ 12% N Y Central R R 6 N Y Chicago& StL ~N Y Chi & St L ot » N Y N H & Hartford N Y N H & Hartf pt Y Rwyspf (d) .- Y Shipbuilding N Y Shipbuild'g pf Norfolk & W (18) Norf & West pt (4) 2 North Am Aviation 9 North Amer Co (1) 35! North Am Co pt (3) 57 North Am Ed pf (6) 13's Northern Pacific _. 357 Northwest Tel (3)_. s Norwalk Tire&Rub_ 914 Ohto Ol (a15¢) - 16\. Oliv Farm Bq(new) 2 Omnibus Corp____ n\. Otis Elevator (60c). 4' Otis Steel ________. 223 Otis Steel pr pf. 38 Outlet Co (2)_ 80 Owens-I1l Glass(4). 14 Pac-Amer Fisheries 13' PacificG & E (13%)- 4413 19 Pacific Ltg (2 21 136 11% 5% 12 191 12 101% 14% 6 12 Pacific Mills 111! Pac.fic T & T pf (6) 6% Pac Wn Oil (b40c)_ 313 Packard Motors 10% Pan American Pet _ 613 Panhandle P&R pf_. 8 Param’t Pic (new)_ 84 Param't Pic 1stpf_. 9% Param’t Pic 2d pf._. 2% Park Utah 5 Pathe Film Corp. 84 Patino Mines % Peerless Motor _ 6414 Penick & Ford (3) - 57% Penney J C (2) . 3 Penn Dixie Cement. 18 Penn DixieCpf A 17% Penn Railroad(50c) 30 PeoplesDS (11) 17% Peoples Gas Chi_. 18% Pere Marquette. 75 Petrol Corp _ _ 14% Pfeiffer Brew (71)_ 12% Phelps Dodge(azic) 23 Phila Co 6% pf (3)- 1% Phila & Read C&I... 3gv. Philip Morris (1) 534 Phillips-J C pf (7). 13% Phillips Petrol (1)_. % Pierce Oil 5 Plerce Petroleu 31 Pillsbury Fl (1.60) - 7 PittaCoal ___ - 5% Pitts Screw & Bolt.. 224 Pitts Steel pf. 10% Pitts Term Coal pf.. 1% Pitts United Corp.. 245 Pitts United C pf 6% Plymouth Oil _.. 6% Poor & Co (B) 4% Postal Tel&C pf (d) % Pressed Stl Car (d). 6'3 Pressed Sul C pt (d) 42% Proc & Gambl (1%) 20% Pub Sve N J (2.40)_. 62% Pub Sve N J pf (5)_. 73 PubSve N J pf (6)_ 8514 Pub Sve N J pf (7). 33% Pullman, Inc (1%) 5% Pure Oil 34% Pure O11 6% pf—_. 493, Pure Ofl 8% pf 8% Purity Bakeries (1) 4 Radio Corporation 50 Radio C'ppfA (3%) 35% Radio Corp pf B 1% Radio-Keith-Or (d) 4% R R Sec Ill Cent___ 16% Raybestos-Man (1) 297 Reading (2) ... 7 Remiangton-Rand 5% Revere com_... A High. 60 T4% 122% 9 58% 1% 122y 122% -1 M 11 -2 1104 121% 311 Prev. 1635 Low. OIMCH.. High. Low. 59 -1 T2% —38% 9314 24% 25% 67 30% 11 174 g8 3874 116 28 97y 6 23 7 65% 21% 46% 82% 315 6% 76 38% 28 5% 4% % 2% 16% — % —-2% last year. Stock and 75 RevereC&Bpf.... 17'5 Reynolds Metals (1' 124 Reyn‘lds Spring(1). 43% Reynolds Tob B (3) 21% Roan Antelope Ltd. _— 33% Safeway Stores (3). lu!{, 110 Safeway Strs pf (7) 10% St Joseph Ld (40¢). % St L-San Fran (d)_. 1 StL-SanFropf (d). 6 Savage Arris. 22 Schenley Distillers 1% Schulte Retail Strs. 8 Schulte Re Strs pf_ % Seaboard Air L (d). % Seaboard A L pf(d) 20% Seab’d O Del (t60c) 31 Sears Roeb’k(a75¢) 1% Second Nat'l Invest. 40 Seo Nat Inv pf $2%. 7% Servel Inc 9 Sharon Steel Hoop.. 3% Sharp & Dohme T'% Shattuck(F G) (25¢) 5'3 Shell Union Ofl . _.. 63'% Shell Union Ofl pf__ 8% Silver King C(40c). 6 SimmonsCo _ 5 Simms Pet (a50¢)__ 6% Skelly ON1 _ 13 Sloss-Sheffie] 15% Snider Packing 10% Socony-Vac (30¢)__ 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific__. 5'2 Southern Raflway.. 7 Southern Rwy pf__. 34 Sparks-Withington 34 Spear & Co = 32 Spencer Kell (1.60) Sperry vtc (a25c 8! Spicer Mfg____ 33% Spicer Mfg pf (3)_ 437 Splegel-May-Stern. 1213 Stand Brands (80¢). % Stand Brands pf(7) % Stand Com Tobacco. 1'3 Stand Gas & Elec... 1% Stand G& E $4 pf__ 4% Stand G & E $6 pf__ 6 StandG&ES$Tpf.. 7 Stand Inv Corp ._.. 27% Stand Ofl of Cal (1) 111 Stand Oil Exp pf(5) 23 Stand Oil of Ind (1) % 35% Stand OIINJ (+1)_. 12'; Starrett (L 8) (1).. 58% Sterling Prod (3.80) 6% Stewart-Warner___ 2!; Stone & Webster 2% Studebaker Corp. 6013 Sun Oil (11) - 11 Superheater (50c 15 Superior Oil___ 5 Superior Steel 185 Sutherl’d Pap t60¢._. Sweets Co of Am 1‘-- Swift & Co (150e) . 1% Symington (d) ____. 1% Symington (A)(d)_ 6% Telautograph (60¢) 4 Tennessee Corp. 16!3 Texas Corp (1) 2¥% Texas Gulf Sul 14 Texas&PacRR _. 3% Tex Pac Coal & 011 81y Tex Pac Land Trus 13% Thatcher (1) ____ 50 Tnatcher M pf(2.60) 5'¢ The Fair __ 23 Thermold Co 2 Third Avenue 16 Third Nat In (a%%e) 13% Thompson Products 1% Thompson Starrett 7% Tide Wat Asso Oil 84 Tide Wat A O pf(6) x 4% Timken-Detroit 28% Timken R B (1) T Trans & Westn Air 4% Transamerica(30c) 5's Transue& Willlams 17 Tri-Contl Corp 69 Tri-Contl Cor pf(6) 4'x Truax-Tra Coal 3'3 Truscon Steel 13 20th Century Fox 25 20th Century Fox pf 21 Twin City R T 18 Twin City R T pf 533% Und-Ell-Fisher (2) 29 Upion Bag&Pap (2) 44 UnCarb & C (1.60) 14% Un Ofl of Cal (1)... 8215 Un Pacific (6) __ 791, Un Pacific pf (4) . 207 Un Tank Car (1.20) 97 United Afrcraft. 413 United Air,Line vte 20% United Bisc (1.60) 46 United Carbon 2.40 11; United Corp United Corp pf (3)- 4« United Drug .__ United Dyewood . United Elec Coal_.. United Fruit (3).__ United Gas Imp (1) United Gas 1 pf (5) United Paperbd'd (d) U S Distributing pf " U S Freizht (1) ___ U'S Gypsum (11) Ind Alcohol (2). Leather vte___. Leather A vte__ Leath pr pf vte. U S Pipe & F (50¢) . U S Realty & Imp-_. 9'3 U S Rubber__ 243 U S Rubber 1st pf.. 92 USSmelt&R (a6). 62 USSm &R L (3%) 2713 U S Steel____ 73% U S Steel pf (2) 119% U £ Tobacco (15) 3'3 United Stores (A).. 46 United Stores pf___. 51 Univ Leaf Tob (12) 29 Univ Pic1stpfd ... 1 UnivPipe & Rad___ 1 UdlPw&Lt(A) .. 11% Vanadium Corp 11% Van Raalte (a25e¢).. 91 Van Ral 1st pf (7)_. 34 Vick Chem (12) 214 Va-Car Chemical 171: Va-Car Chem 6% pf 721, Va El1 & Pw f (6)__ 63's Vulcan Detin (a4) _ 1 Wabash (d) 1% Wabash pf 4'y Waldorf Sys (50¢) 26% Walgreen Co (1.40). 11 Ward Baking (B)__ 2812 Ward Baking pf (2) 21 Warner Bros Ple __ 14's Warner Bros Plec pf % Warner-Quinlan_. 213 Warren Bros __ 20% Warren FAy&P (2)_ 4 Webster Eisenlohr™ 301 Wesson O&S (150c) 72 Wesson O&S pf (4). 34 West Pa Elec (1)A . 36 West Pa Elec pf (6) 39% West Pa Elec pf (1) 5's Western Maryland. T3 Western Md 2d pf _ 1'a Western Pacific (d). 2% Western Pac pt (d). 20% Western Unton__ 18 West'gh'se A B 50c. 32% Westinghse El a50c. 90 West'h'se 1st pf 3% 10 Weston Elec Inst__. 29 Weston Elec (2) A_ 16% Westvaco Chi ‘40c) 25 Wheel & Lake E pf_ 14% Wheeling Steel_. 6% White Motor . 131 White Rk M S(1.40) 1% White Sewing Mch- 1 Wilcox Oil & Ga: 3% Wilson & Co (az6e) 51 Woolworth (2.40) - 11% Worthington Pump FINANCIAL. Dividend Rate. Add 00. -;\? 20s ki 6 39 1 37 22 23% 56% 26% 24 1 1 22 2 80s 60 18': 25% 108 1054 3 39 9 13 708 10s 30 254 2 508 708 20s 13 5 55 61 25'% Worth Pumppf A_. 820- 3% Wrigley W ir (13)_ P 17% Yale & Towne (60¢) * 2% Yellow Truck - 31t Yellow Truck pf 18 Young Spr& W (2)- 13 YoungstownS& T. 1% Zenith Radio g 2% Zonite Produets . Rights Expire. 1 Budd Mfg. Apr.16 % Granite CS Sept. 25 6 . 648,000 12:00 Noon. Total sales for the 8% — % reorsanised. xEx dividend day. 2.220, Dividend rates as given In the above table are the snnual cash payments bgsed on the latest quarterly or half-yearly declarations sUnit of trading less than 100 shares. { Annual rate— vlus extrs. $ Accumulsted dividends. 33% 334 - 111% 111 mmcnn 86 22 23% -l -7 22 23% 55% 26% 111% 20% 21 1 1% 11 35% 2% 14% a 1 27% 5415 28 59% 11% 19% 4 8la 8% 90 124 13% AT L Eh A”nximsdaolsuehnmm!.sumn + 1,330,000 . 1,850,000 000 & Paid this year. b Paid dCompanies reported in receivership or being S 25'/- —l'/i 33% — U INHEAVY SELLING War Clouds and Technical Factors Blamed for Sharp Recession. STOCK AVERAGES Today, close.. 65.9 Prev.. day.. 672 Month ago. 656 Year ago... 48.7 1935 high.. 68.8 23 1929 high.. 146915391843 157.7 1927 low.... 51.6 953 618 618 (Complled by the Associated Press.) BY VICTOR EUBANK, Assoctated Press Financial Writer, NEW YORK, September 20.—War clouds, combined with technical fac- tors, put the skids under the stock market today for losses ranging. at the worst, from 1 to around 5 points. Selling was the heaviest in the morning, when the ticker tape drop- ped several minutes behind floor trans- actions. The deluge was stemmed later and extreme declines were shaded or pared. The close was weak. Trans- fers approximated 2,200,000 shares. While the European confusion was blamed principally for the day's wash- out, brokers pointed out that, because of the lengthy and rapid advance, a correction had been long overdue, and | its severity was not surprising to most | financial circles. Foreign bonds and secondary cor- poration loans ran a close second to equities, but British and continental currencies were fairly steady in the face of heaviness of other markets Grains fell back under profit-taking and cotton was a little better than | even. Among the more active share casualties were United States Steel ““ American Telephone, General Motors. Chrysler, General Electric, Westing- 1, | house, American Can, Du Pont, Johns- ,. | Manville, Pullman, Liggett & Myers 3, | B, Western Union, Consolidated Gas, Radio, Seaboard Oil, Montgomery | Ward. Sears Roebuck, Santa Fe, New York Central, United States Smelting and Cerro de Pasco. An exception was Electric Boat, which got up a point | The coppers were about even. Tempering news was contained in the freight car loadings for the past { week. Shipments of 700,357 cars were ,, | the largest for any week since Novem- “ | ber, 1931. They were up 107,571 over 1, | the previous week, due mainly to a substantial increase in miscellaneous freight movements. Chicago Grain By the Associated Press. CHICAGO, September 20.—Vagu: and apparently baseless reports Mus- solini had postponed for three weeks a final decision as to Ethiopia tum- bled wheat prices down 2!; cents tem- porarily today. However, most of the wheat market | losses were afterward overcome on re- newed speculative buying. There was also fairly good buying believed to be for Northwestern mills. Wheat closed nervous at the same as yesterday’s finish to 1! lower, De- cember, 100'ga's: corn, 1, off to 3, | up, December, 58':a%; oats un- changed to '3 lower, and provisions * | varying from 12 cents decline to 2 1, | Tise of 22 cents. gv.xzn— Qpen High Low. Close. a5 078y _00V4<" 1 13.05 18.75 Chicago Cash Market. Cash wheat, No. 3 hard, 1.18%a 191, No. 4 mixed tough, 1.0434; No. 3 mixed, 1.13; corn, No. 2, mixed, 85'2; No. 1 yellow, 86%; No. 4 white. 841;; oats, No. 2 mixed. 293;; No. 2 1| white, 33';a34; no rye, buckwheat, soy beans; barley nominal feed, 32a45, malting, 50a75; timothy seed, 2.50a65 | per hundredweight; clover seed, }1.00a 16.50 per hundreweight. Liverpool Grain Prices. LIVERPOOL. September 20 (#.—Wheat | futures closed barely steady High. Low. Close October o s 3 December more Quotations. September red Winter. ga 0. BALTIMORE, Wheat. No. % domestic. $0; September. 100 TONS OF LEAD SOLD. NEW YORK, September 20 (#).— *| The St. Joseph Lead Co. reports that 100 tons of pig lead from Southeast Missouri mines were sold yesterday at $2.25 per hundred pounds St. Louis. e CHICAGO LIVE STOCK. September 20 (# (United Stsll:chAglonmem of Agriculture).—Hogs. 4,000, including 1500 direct; mostly 5 to hy ursday’s average; under- a oSBT 00865: some_ ship- 5 5: 140 1'(‘\"5!!‘”“”“ best sows, .5 Cattle 3,000; calves, 500: gome ship: ing suppor! ng prices steady ol fueu of value to sell at 10.00 and above, but market continued ‘Yery dragey md on lower grades: fed ol steady, St §rassy Kinds weak to %5 fower and hard to move at decline: Slaugn- ter cows slow. steady to weak: bulls weak to_shade lower at 5.50 and down: vealers fairly active steady:’practical top 10.00; few 10.50; stockers and feeders unchanged at week's 25 to 50 decline. Sheep. 10.000: fat lambs active; bulk mn'.’i‘hhllPeriahnn sharing some price METAL MARKET. tesny cletrolytie spor and futire. 800, steady: electrolyic. 3pot, a B . 8000% 25 Tin barely steads: fpot future. "4 1o Lead New !f;l 8t. lfiull 4 ‘fl z\nc 3. 40.12; unchanged 12455 st “Algminum, 1.00 spot 13.75. and future, Antimony MONEY MARKET. al Y o ; fime commer eptanees York per cent y: 60-90 days. months, % effered. paper, 3, Dir cent. Banker: BnPheneia” " Regiicount” rate. " Reserve Bank, 1z per cent.