Evening Star Newspaper, September 23, 1935, Page 14

A—l4 *x% W.R.T. NET GAINS §3,129 OVER 1934 "% August Total Reaches $620, Compared With $2,509 Loss Year Ago. BY EDWARD C. STONE. The first of the August transpor- tation financial statements was filed with the Public Utilities Commission by the Washington Rapid Transit Co today. It revealed an improve- ment in net earning of $3,129.78 over August a vear ago. The company made a profit this year against a deficit in the same month in 1934. Onerating revenues in August to- taled $33,397.59 against $29,348.91, or a gain of $4,048.68. At the same time operating expenses and taxes called for $30,981.75 in comparison with $29,665.84, an increase of £1,315.91, leaving an operating In- come of $241584 compared with a deficit a year ago of $316.93, an in- crease in August this year of $2,732.77. Non-operating income was about the same as a year ago while gross revenues were up $2,730.07. Deduc- tions required $1,841.11 which left a total net income of $620.04 against last year's deficit $2,509.74, resulting | in the above-mentioned upturn of more than $3,000. The same bus corporation also filed the financlal statement for the first eight monhs of 1935. Operat- ing revenues were $30,101.78 ahead of last year and operating experses and taxes were $12008.66 higher, leaving an operating income of $41,849.65 as against $23,756. 54, an | increase of $18,093.12 Gross revenues were practically the same as a year ago, while deductions from gross were reduced by $3.124.86. The total deductions left a net in- come for the first eight months of 1935 of $27,691.53, in comparison with $6.521.67, or an increase so far this year of $21.169.86. The report shows that the main reason for the increase in net profits so far this year is main- ly due to an increase in passenger travel on the company's busses. A firm grip has also been kept on ex- penses. “War Talk” in Broker Offices. The Italo-Ethiopian situation is the big topic of conversation in Washing- ton brokerage houses these days. The market is being watcihed very closely. While there may not be any war, both traders and investors are intensely in- terested in the possible effect upon | economic and financial conditions in | this country in case there should be open hostilities. Along this line the views of Max Winkler, economist, are | timely and interesting, conforming | closely to the opinions most often ex- pressed by brokers in this city: “If Mussolini should persist in his bellicose plans, what then? Italian factories would have to concentrate on the production of war materiels, and Ttalian ships would be impressed for the transportation of troops and supplies to Africa, while Italy’s export trade would lafigely fall into the hands of her neutral neighbors and the | United States. Probably a substantial | share of Italy's present export trade | to South American countries would | come via the United States. In ad- aition, both warring countries would purchase from the United States, | either directly or through neutral in- | termediaries, many primary materials, other than actual contraband, required by nations at war. “In other words. the direct effects | of war between Jtaly and Ethiopia | would undoubtedly stimulate Amer- ican export manufactures, commerce and shipping and enhance the coun- try's prosperity accordingly. “Any outbreak of war involving Italy end any other European country would almost certainly be the occa- glon of a drastic decline of security prices, which, however, severe as it l’mght be, would probably not last long.” . More Investment Buying Here. It was reported in the offices of the | New York Stock Exchange firms in| Washington that there has been a pick-up recently in the amount of in- | vestment buying of securities for cash. | Many investors who have been out of the market for a long time are purchasing carefully selected stocks | and paying for them with cash, put-| ting them in their strong-boxes in the banks with the intention of holding them indefinitely. That is what Wall Street refers to as the best kind of | stock buying. The securities are not so0ld on any slight market fluctuations. At the same time it is stated that the public generally is not hurrying back into the market. By that is meant the class of traders who deal on margin and are “in and out” every few days. Of course, there is a lot of this trading, but the number of mar- gin traders has not increased with any unusual rapidity during the past month or two in most offices. Traders at the opening today saw stock quotations higher than they closed Saturday. Volume in the early transactions was slow. Attendance continues to be very much larger than it was a few weeks ago. ! Trading on D. C. Exchange. ‘The week's trading on the Wash- ington Stock Exchange opened with 10 shares of Mergenthaler Linotype changing ownership at 28, against the | last previous sale at 25!3, making a gain of 2!, points. This stock has been quiet for several weeks, but ac- tivity in it may pick up as the time Zor the annual report approaches. Capital Transit stock also appeared on the board today, a small lot selling at 18';, maintaining the stock's re- cent advance. Today's final bid was 18, with 19 asked. Norfolk & Washington Steamboat Co. stock figured in a small sale at 90, an advance since the last previous sale at 8875. It was the highest the steam- boat stock has sold this year, having moved up from 85 as the low mark. Capital Traction 55 were the only active bonds in the market today. Two $1,000 transfers took place in this is- sue at 963, same as price as was re- corded in several sales last week. e BALTIMORE RECEIPTS OF TOBACCO INCREASE Bpecial Dispatch to The Star. BALTIMORE, September 23.—Re- eeipts of Maryland leaf tobacco last week showed a large increase with 2,251 hogsheads, compared with 1,555 hogsheads the previous week, while sales reported totaled 1,589 hogs- heads against 1,430 hogsheads, leav- ing a stock in State tobacco ware- houses of 31,396 hogsheads. The market continues frm for all good grades with 55 cents being top for the best grades. D, 2R = s ] Assoclated Telephone Co.,, Ltd— Common share earnings, 8 months ended August 31, were $1.82 vs. $1.05. {‘ [ FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, MONDAY, SEPTEMBER 23, 1935. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By orivate wire llrnl to The Star. SioehaRate., add 00. 0 men Th 34% 13% 1314 & 1474 1 8 Addressog’h (60c! 415 Advance Rumely 614 Affillated Pro (60c). 152\4 104% Afr Reduction (13). L % Afr-Way Elec Appl. 15% Alaska Jur (160¢c) .. % Alleg Corp (d) ... 2% Alleg pf w$30w (d). 6% Alleg prpf (d) .o 21 Allegheny Stl (1) 125 Allied Chem (6) —cue 3'% Allied Stores - 12 Allis Chalmer: 14 Alpha Port Cmt (1). 48'; Amerada Corp (2) . 41'2 Am Ag Ch(Del)(3)- 13 Am Bank Note 21 Am Brk Shoe (1) _ 5119 Am Brk Shoe pf (7) 146% 110 Am Can (14) 168 151% Am Can pf (7). _ 25% 10 Am Car & Foundry. 5715 25'3 Am Car & Fdry pf_. 8 AmChain__ 66 Am Chicle (13)_ 22'; Am Comcl Alcohol_ 62 Am Crystal Sugar.. 32 72 AmCrys S 1st pf 6. 140s % Am Encaustic (d).. 11 2 Am & Foreign Pwr. 11 14 Am & For Pw $7 pf_ 2 475 Am & For Pw 2d pf. 3 8% Am Hawaiian S8(1) 5 29's Am Home Pr (2.40). 10 2% Am Ice .. ____ 4 4> Am International 1% Am La Fran ptf (4 9 Am Locomotive __ 32 Am Locomotive pf_ 1813 Am Mch & Fy (80c) 4% Am Mch & Metals_. 1313 Am Metal 72 Am \letal!\f(.Z) 1'5 Am Power & Light_ 8% Am Pw & Lt 85 pf__ 10« Am Pw & Lt $6 pf. 10's Am Radiator 15% Am Roll Mills a30c. 66 Am Safety Raz (5)- 413 Am Seating vtc ... Am Shipbldg (2)_. % Am Smelt & Ref _ 7% pf (7).~ Am Steel Foundry .. 3315 Am Stores (12) _ 51% Am Sugar (2) 1K'4 Am Sumat Tob (tl) Am Tel & Tel (9)--. 72'; Am Tobacco (5) 74% Am Tobacco B (5) 213 Am Type Fdrs (d) T's Am Water Works 48 Am Wat W 1st (6). 4's Am Woolen _ 2 35'3 Am Woolen pf 214 Am Writ Pap pf (d) 3 Am Zinc & Lead & Anaconda Copper. 1215 Anchor Cap (60c) 100 Anchor Cap pf(6%) 100s 100 315 Andes Copper 1 9 36 Archer Dan M (1)_ 4613 97 Armour Del pf (7 2105 3% Armour of Illinois . 4 559 Arm'r(Ill)pr pf (6). 601y lh‘; Armstrong Cork 500 35% Asso Dry Goods 35% Atch To&S Fe (a2). 667s Atch To&S F pf(5) - 19'; Atlantic Coast Line. 21% Atlantic Ref (1) 713 32% Atlas Powder (2).. 3912 15 Auburn Auto . 4% 2% Aviation Corp(Del) 15% " 50 HEB R AT BN RO 0NN PN ‘!'{‘ 17 86% 6% 26% 1'; Baldwin Loco (d) - 7'; Baldwin Loco pf (d) T'3 Baltimore & Ohlo .. Baltimore & Oh pf_ « Bamberger pf (61) 'x Bang & Aroos (233) Barnsdall Corp _.. 37'3 Bayuk Cigar (t1)_.. 14'x Beatrice Cre (a50c). 11% Belding-Hem (1)__. 117 Bendix Aviation 15% Beneficial Lo (1) 34 Best&Co(2).._... 21% Bethlehem Steel __. % Beth Steel pf(al1%) 14*, Bigelow-San Corp.. 240( 9% Blaw-Knox._. 65 Boeing Airplane 395, Bohn Alum &Br (3) 90 Bon Ami (A) (14)__ 24'; Briggs Mfg (2) 231x Briggs & Strat (3) . 307, Bristol-Myers (12)_ 3612 BKlyn-Man Tr (3) - 43 Bklyn Union Gas(5) 4% Bucyrus Erle 62% Bucyrus Erie pf (2) 8ts Bucyrus Eriecv pf_ 3% Budd(E G)Mfg 23 Budd(E G)Mfg pt. 213 Budd Wheel, 81 Bullard CO - ccmmee 3% Bulova Watc 14 Burns Bros(A)( 134 Burr Add Mch(60c). 1 Bush Terminal (d)_ 514 Bush Term deb (d). 11 Butte Copper&Zine. 20% 11% Byers (A M) 20s —— 4213 3015 Callfornia Pkg(1%) 1, Callahan Zine .. 21; Calumet & Hecla __ 71; Campbell-Wy a40c.. 81 Can Dry G A (40¢).. 9% Canadian Pacific_. 4% Capital Admin (A)_ 32!, Cap Adm pf A (3) 45% Case (J [) Co _ 3612 Caterpillar Tr (1) 19'; Celanese Corp 175 Celotex Co (d) . .. 114 Celotex Co pf (d)- 221, Cent Aguire (1%) 38% Cerro de Pasco (4)- 3% Certain-teed Prod.. 2 23 Certain-teed Prpf_. 110s 37'% Ches & Ohio (2.80). 20 1% Chi & Grt W pf (d)_ 1 15% Chi Mail Order (1) 2 % Chi Mil StP&P (d)_ % Chi M StP&P pf (d) 1NChHM&NW M) ____ 3% Chi & N W pf (d)__. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf.. % Chi R I&Pac (d) _ 1% Chi R 1&P 7% p2(d) 25 Chickasha C O (2) 3!z Childs Co 9 Chile Copper Chrysler Cor 14 City Ice & Fuel (2). 12' Clark Equip (80c) 27% Clev Graph Br (t1) x 3 20 Cluett Peabody (1) 1 1617 Coca-Cola (8) __.. 3 534 Coca-Cola A (3) 154 Colgate-P-P (50c) 9 Collins & Alkman_. 13 Colo Fuel & Ir (d) .. 5 ColoF &1pf (d) 3% Col Gas & Elec . _ 2513 Col G & E pf A (6) 31 ColG & E pf (5) . 341 Colum Pile vte (11)_ 67 Colum Carbon (4) . 3915 Comel Credit (235) - 112 Comcl Cred pf(5%) 5614 Comcl Inv Tr(i2.80) * 977 Comel In T pf(4%). 17% Comel Solv (t600) .. % Comw & Southern . 29'4 Comw & Sou pf (3)_ 27 Congoleum-N(1.60) 7 Consol Cigar 3% Consol Film 14% Cons Film pf ($1%) 15% Consol Gas N ¥ (1). 724 Consol Gas pf (5 11 Consol Laundries_.. 6% Consol Oil (a25e)-. 215 Consol RR Cuba pf. % Consol Textile . __ 8% Container Corp (A). 274 Container Corp (B). 4% Contl Baking (A) % Contl Baking (B 46% Contl Baking pf (4) 62% Contl Can (2.40) __ 287 Contl Insur (11.20). % Contl Motors - 15'% Contl O Del a82%c... 41% Corn Ex Bk&Tr (3). 60% Corn Prod Ref (3) 4's Coty Ine 35% Cream of Wh (12)_. 12% Crosley Rad (a2be) 23'3 Crown C&S (1} 4312 Crown C&S pf(2.70) 315 Crown Zelleb'k vte. 14 Crucible St 1 CubaCo 5 CubaRRpf. 54 Cuban-Am Sugar. 40'; Cuban-Am Sug pf.. 39% Cudahy Pkg (2%).. 15 Curtis Publishing_. 89% Curtis Pub pf (7). 3 5208 2 21 s e - T o DT TOT - pep ) AR a ik g 0% % 324 134% 12% 6% 146% 1 O I I [ R R 9 + + + ~ i Feb e b b FEFFFEESTE & 2103 102% 103 41 Prev, High. 3 10% 135% 115 104 Duqu 1638 Low. 2 Curtiss Wright ... 6% Curtiss Wright (A) Btock and 22% Deere & Co. 19 Deers&Co pf ($76¢). 23'% Delaware & Hudson 11 Del Lack & West_.. 65 Detroit Edison (4) . 84% Diam Mat pf (11%) 3414 Dome Mines (12)__. 6% Dominion Stores___. 172 Douglas Alr (a75¢). 134 Dresser Mfg A b1% 2 Dunhil Internatl... 86% Du Pont (f o L 3% Eastern Roll M1lls. 161 110%; Eastman Kod (15). 29 3214 16% Katon Mfg (1) __. 19% Elec Auto L (a30e). 112 107 Elec Auto L pf (1) 10% 8% Ty 28 32 4-2 &l 374 Electric Boat___. 213 Elec Pw & Lit $6 pf_ 3 Elec Pw & Lt$7pf. 39 Elec Stor Bat (23%). 52% Endicott-John (3)_. 132 125% Endicott-Joh pf(7). 41 ™ 14 1474 23% 2% 10% 10% 44 20% 13 146 8% 61y 15% 6410 35 873 1's 47 119 4% 14% 14 EngPubSvo$5pf.. 4'3 Equit Office Bldg-. ThErfeRR.__. __ 10% Eureka Vac C (80¢). 15 Evans Products(1) % Fairbanks Co.. 48 Fed Lt & Tr pf (6)_. 3%, Fed Motor T (al0c). 2 Fed Screw Works__ 74 Fed Water Sve (A). 1613 Fed'd D Strs (160c). 2815 Fid Ph F In (11.20). 106' Filene's S pf (813) . 13'y Firestone (40c) 8413 Firestone pf A (6) 45% First Nat Strs (2% 204 Food Machine (1) » Foster- Wheeler. 60% Foster-Wheeler pf_. 17'¢ Freeport-Texas (1). T Gamewell Co.__ 5'3 Gen Am Investors $2% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60¢) .. 115 Gen Baking pt (8) 5'% Gen Bronze. 2 Gen Cabl 4 Gen Cable (A) 50 Gen Cigar (14) 2015 Gen Eleetric (30c) 30 Gen Foods (1.80) __. % Gen Gas & El (A)__. 26% Gen Motors (12) ... 107'; Gen Motors pf (5) 3 Gen Outdoor Adv__ 10 Gen Outdoors Adv A 17% Gen Print Ink(1.60) 1's Gen Public Servic 15% Gen Ry Signal (1) % Gen Realty & Util 16% Gen Refractories 14 Gen Stl Casting pf . 12 Gillett Saf Rag (1) 70'; Gillett Saf R pf (5). 21x Gimbel Bros__ 23% Glidden Co (t1) . 5 4 1047 Glidden Co pr pf 18 5815 267 5213 3% 12%¢ 29'; 384 271 321 26 3% 17% 33 95'y 6 23% 8% 5 42% 187 1% 33 107'.4 484 12% 16% 67 T 125% 84% 8% 18% 211 24% 22 18% 96 264 2T% 113 320 27 28% 12% 9% 17% 384 24% 122 . 1915 39% 3474 45 1% 213 41% 26 22% 2633 _] 46 351 1's Gobel (Adolf) (d).. 14% Gold Dust (1.20) 713 Goodrich (BF).. 40 Goodrich (BF) pt 15% Goodyvear T&R . 213 Gotham Silk Hos 20 Gotham Silk Hpf_ 1« Graham-Paige 5t Granby Consol .. 18!a Granite City Stl (1) 26 Grant (W T) (1) 9% Grt Northern pf__ 26% Grt West Sug (2.40) 20'; Greyhound Corp.. . 6 Gulf Mobile & N pf_ 30 Hack WpfA«Q 4 Hall W F Printing. 16 Harbison Walk (1). 5'3 Hat Corp of Ame! 1% Hayes Body 85 Hazel Atlas Gl ( 11 Hercules Motor (1). 5% Holland Furnace __ 6% Holland & Son (50c) 307 H 613 H'd 1'; Houston Of) (new) . 43 Howe Sound (13) __. 2% Hudson & Manhat_. 6% Hudson Motor Car. % Hupp Motors 913 I1linots Central 2315 Indus Rayon (1.68) 46 Inland Steel (12) 213 Inspiration Copper. 8% Interboro R T (d).- 4% Interlake Iron.__... 2% Int Agricultural 26 Int Agricul prpf. 149'¢ Int Bus Mach (16)_. 3% Int Car'rs Ltd (20¢) 2213 Int Cement (1) . 34! Int Harvester 60 17x Int Merch Marine 22Y Int Nick Can) (30 15 Int Paper & Pw (A). s Int Paper & Pw (B). 4 Int Paper & Pw (C). 4!z Int Paper & Pw pf. 2113 Int Print Ink (1) .__ 9R!5 Int Print Ink pf (6) 42% Int Shoe (2) .cauaen 5% Int Tel & Tel . 874 Interstate Dept St_ 49 Jewel Tea (3) 3813 Johns-Manv Sales— | Nes. Dividend Rate. Add 00. High. Low. Cloge, Ohge | iy ' Low. + % a2y 27 8 24 ™ %+ 37% 387% +1 27 27 27 31 lmfi 361 + 15% 15% + 102 102 1;2 + 39% * - o EEECE T Tre- » < | 0 S & * - (FlEes 1y sre ez 11 4 22 208 4 120 40 B 207 7 4 1 4508 Pi+l++Hi4+14+ & T+ 1444 ++44+4+++ +++H4401+4 ) x 117' Johns-Manv pf (7). 50 Jones&Laugh7%pf. 3% Kans City Southn__ T'4 Kaufmann D S(80c¢) 15% Kayser(J)&Co a90c. 6 Kelsey-Hayes (A).. 3% Kelsey-Hayes (B).. 10% Kelvinator (150¢) .. 84 Kendall Co pf (16). 13% Kennecott C (80c) 19% Kresge (S S) (1) ... 103 Kresge (S S)pf(7)¢. 22% Kroger G&B (1. 12 Laclede Gas St L_. 22% Lambert Co (2). 8! Lee Rub&Tire (50c) 67'x Lehman C (12.40) __ 107% Lehn & Fink (1%) 2113 Lib-O-Ford G1(1.20) 21 Life Saver (1.60) 93% Ligg & Myers (14)B 16 Lily Tullp Cup(1%) 17% Link Belt (80c) .. 24'; Liquid Carb (t1) 31% Loew’s Inc (2). 1 LoftInc . 1% Long Bell Lum (A). 33 Loose-Wiles (2)___. 1815 Lorillard P (11.20). 10% Louisv G&EpfA 1%. 12% Ludlum Steel. __ __ 40 McAndrews&F(12). 28 McCall Corp (2) 7% McCrory Stores 36% Mclntyre Porcu (2) 9012 McKeesport T P (4) 5% McKesson & Rob__ 32 McKesson & Rob pf. 85 McLellan Stores 8513 McLellan Stores pf. 18% Mack Truck (1) . 301 Macy (R H)& Co(2) 18% Magma Copper (2). 4 Manati Sug pf (d) .. 13% Man El md gtd (d).. 5% Marine Midld (40¢c). 3% Market St Ry pr pf_ 20 Marlin-Rockwell(8) 6% Marshall Field & Co 23% Mathieson m(n/,) 357% May Dept Str (1.60) 33 Maytag ww (33%).. 84} Maytag 1t pf (6)__ 41 Melville Shoe (234). 3 Mengel Co__ 20% Mengel Co pf. 24% Mesta Machine (3). 2% Miami Copper. 91 Mid-Cont Pet 8Y% Midland Steel Pr 6014 Midl'd Stl 1st pf(8) 58 Minn Hon R (13)_.. 3% Minn Moline Pw___. 31 Minn Moline Pw pf. 10% Mission Corp - 214 Mo Kans & Texas_ 5% Mo Kans & Tex pf... 1% Mo Pacific pf (d) ... 10% Mohawk C M (a25c) 55 Monsanto Chem(t1) 21% Montgomery Ward. 1% Mother Lode e 17% Motor Products (3). 7'4 Motor Wheel (60c). 9% Mullins Mfg (A)--. 9% Mullins Mg (B)... 62 Mullins M{g pf.co-. 0 0132 b 00 -~ - P LYY - o M @ mq—mm?ou?uqqemnmummmn - - 13 PasnEHnE - IM 100% 100% 53% 4% 38% 32% 5% 10 22% 111% 961 + B2 SEEELSE ++ & & ¥4 4 +|+ + +1 Prev. IBJD Stock and Sales— Dividend Rate. Add 00. 17% 4% Murray Corp % Y Caln Rk A(50c) 12% Nat Dairy Pr (1.20). 1% Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 10s 231 Nat Distillers (2) 47 Nat Pw & Lt (80c) . 15 Nat Ry Mex 1st pf_. % Nat Ry Mex 24 ¢f... 40% Nat Steel (11).. .. 36 Nat Supply Co pf... 814 Nat Tea (60c) 715 Natomas Co (8 61 4315 Newberry J J(1.60). 3 118% 109 Newberry J Jpf(1). 208 8 4% Newport Industries 8 28% 185 N Y Alrbrake_. - 2 27% 12% NYCentral RR__.. 129 13 6 NYChicago&StL. 4 25 ANYChi&StLopf _ 1 813 N ; N H & Hartford o x 20s 16% N H & Hartf pf 3 6 Ontarlo & West Rwyspf (d)_.— 3 ¥ Shipbullding__. 6 69 NY Steam pf (6)-.. 10s 99 Norf & West pf (4). 160s 2 North Am Aviation. 19 9 North AmerCo (1) 42 57 North Am Ed pt (8) 1 13% Northern Pacific _. 25 357 Northwest Tel (3)_. 110s 1% Norwalk Tire&Rub. 1 1% 164 923 108 4% 24% 97% 21% 44 2% N " N s N "N ‘144 21% 914 Ohio Of) (a18e) ... 16% Ollv Farm Bq(new) 315 Omnibus Corp 75 Omnibus C pf(8)A 4% Oppenheim Collin: 11'a Otis Elevator (60c). 4'4 Otis Steel 38 Outlet Co (2) 80 Owens-1ll Glass(4). _— 14 Pac-Amer Fisher! 1"1‘- PacificG& E (1%). cific Ltg (2.40)_. 1 H Pacific Mills 315 Packard Motor 10% Pan American Pet '3 Panhandle Pro & R. 8 Param’t Pic (new)_. 84 Param’'t Pic1stpf_. 9§ Param’t Pic 2d pf__. 2% Park Utah 5 Pathe Film Col’D 8'¢ Patino Mines 57'% Penney J C (2) 3 Penn Dixle Cemen 17% Penn Railroad (30c 30 Peoples DS (11) 17% Peoples Gas Chi_. 18% Pere Marquett. T Petrol Corp < 13 Pfeiffer Brew (11). 12% Phelps Dodge(az5¢c) 1% Phila & Read C&1 35'¢ Philip Morris (1) _. 3% Phillips Petrol (1).. Phoenix Hosiery ... l. Plerce Ofl____ — % Plerce Petroleum.. 26% Pitts Coalpf._. .o 513 Pitts Screw & Bolt.. 22'4 Pitts Steel pf - 1% Pitts United Corp. 24'; Pitts United C pf_ 613 Plvmouth Oil_ 6« Poor & Co (B) 1% Porto R Am Tob(A) 4% Postal Tel&C pf (d) S Pressed Stl Car (d). 6'3 Pressed Stl C pf (d) 42% Proc & Gambl (1) ¢ 115 Proc & Gam pf (5) .. 20% Pub Sve NJ (2.40)_ 62% Pub Sve NJ pf (5)_. 52'¢ 31's Pullman, Inc (113). 10 » Pure Oil 93 49% Pure Oil 8% pt 16 8% Purity Bakeries (1) _— 4 Radio Corporation .. 50 RadioC'DPLA (334) 35'% RadioCorppf B___. 1% Radio-Keith-Or (d) 16!; Raybestos-Man (1). 297s Reading (2). 36 Reading 1st pf (2) 3's Real Silk Hosiery_. 7 Remington-Rand._. 2% Reo Motor Car. 9 Republic Steel 28% Republic Steel pf__. 8 Republic Stl pf cod. 75 RevereC& Bpf .. 173 Reynolds Metals (1 101 Reynolds M pf (535 12 Reyn'lds Spring(1). 551 Reynolds Tob (3) 431« Reynolds Tob B (3) 291; Royal Dal.70 1-10c. 24% 108% 25% pren 46 323, Safeway Stores (1). 113% 104% Safeway Strs pf (6) 11413110 Safeway Strs pf (7) 224 10% St Joseph Ld (40¢). 2 3, St L-San Fran (d).. 1 St L-SanFrpf (d)- 22 Schenley Distiller: 1% Schulte Retall Strs. 8 Schulte Re Strs pf_ 55 Scott Paper (1.80)_. 4 Seaboard Air L (d). 203, Seab'd O Del (160c) 31 Sears Roeb'k(a75c) 14 Second Nat'l Invest. 7% ServelInc_._ .. 9 Sharon Steel Hoop._. 3% Sharp & Dohme ___ 7% Shattuck(F G) (25¢) 513 Shell Union Ol __. 8% Silver King C(40¢). 6 Simmons Co 5 Simms Pet ( 612 Skelly Ofl 24 Sloss-ShefMeld pf. 2115 15% Snider Packing_. 15% 105 Socony-Vac (30c. 1117 107'3 Sol Am Inv p£(5 28% 20 Sou Porto R Suztz) 23 10% South Cal Ed (1%)- CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. 18% 11% 66 NEW YORK, September 23—The following is today’s summary of corp- oration news prepared by Standard | | Statistics Co., Inc., New York. | Ford Motor Co. of Canada, Ltd.— Comapny has started $500,000 expan- sion program for its foundry at Windsor, Ontario, which will double the size. Hupp Motor Corp.—V. R. Drum, t”presment. reports operating loss in July, 1935, of $112,949, against loss of $165,176 in June and loss of $81,275 in May, 1935; net working capital on July 30, 1935, was $1,307,480 against $2,136,160 on January 1, 1935. Studebaker Corp.—Sales of company in August, 1935, totaled 3,743 .ars; dollar volume was $2,762,000. Parker Rust-Proof Co.—W. M. Cor- | nelius, president, stated that earaings of company for third quarter of 1935 +1% | will be substantially the same as for +1 58% 4% ¥ A+t +++ EE EEEE E$ 8% ~ corresponding perlod of 1934, when profit was $146,427 dfter depreciation and other deductions, but before Fed- eral taxes. Continental Can Co.—Company has purchased controling interest in com- mon stock of Whittall Can Co., Ltd., at price of $8.50 a share; other stock- holders will be offered same terms in near future. Pere Marquette Railroad.—Prior pre~ fered share earnings, eight months ended August 31, were $2.11 vs. $2.62. United Air Lines Transport Corp.— Passengers carried by United Air Lines in August, 1935, increased 46 per cent over same 1934 month. Hupp Motor Car Corp.—Dealer or- ganization has been enlarged and line of new models increased. It was stated that a majority of proxies favor re-election of Mayo, Merriam and Drake. Equitable Office Building Corp.— EFELS EF 32% +1% | Company announced a plan for modi- M'l +1% 124 +1% 12% + % 12+ 64 + fication of provisions of sinking fund for retirement of its 5 per cent de- bentures. 3% | Kelvinator Corp.—Leonard Refriger- % |ator Co.,, subsidiary, announced & 83 105 108 110% Prev. 1035 High . . | High. 15% 21% 16% 20% 9 5% 36% 13% 791 19% 5% 9% 11% 25% 27% +1% 3874 1 28 501 67% 13% 10% 64 21 3 12% 20% 19% ] K b % +++++ +1 0+ 104% 3% A+ I+ +4 44+ +444+ 120 97n 6213 108 110 65 464 825 6% 6 384, 284 4 Blate 1 Stock and Dividend Ra® Adfl 00. High. 19% 9% Low. 12% Southern Pacific. .. 5% Southern Raflway.. 7 Southern Rwy pf _ 59% Spang Chalf pf $3% 314 Sparks-Withington 32 Spencer Kell (1.60). T% Sperry vte ( zm.- 437 Splegel-. 124 Stand Brands (lOe) 25 Stand Com Tobacco. 114 Stand Gas & Elec... 1% Stand G& E $4 pf_.. 4% Stand G& E $6 pf__ 6 StandG&ESTps . 27% Stand C1l of Cal (1) Stand Ol Exp pf(5) 23 Sgand Oltof Ind (1) 35% Stand OIINJ (11) 58% Sterling Prod (3.80) 6% Stewart-Warner 2!5 Stone & Webster. 24 Studebaker Corp. 115% Sun Oil pf (6)_ 1% Superior Oi 5 Superior Steel 18'5 Sutherl'd Pap t60e.. 14% Swift & Co (750¢) - % Symington (d) 6% Telautograph (60¢). 4 Tennessee Corp.. 16 Texas Corp (1) ... 28% Tex: ulf Sul (2). 14 Texas&PacRR _. 3% Tex Pac Coal & Ofl_ 13% Thatcher (1) 61'4 The Fair pf ($12 215 Thermold Co ks 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Of1 84 Tide Wat A O pf(6) 4% Timken-Detroit 28% Timken R B (11) 474 Transamerica(30c). 7% Trans & Westn Air_ 5'x Transue&Williams. 17 Tri-Contl Corp . 69 Tri-Contl Cor pf(6) 4% Truax-Tra Coal .- 315 Truscon Steel ___ 13 20th Century Fox _ 24% 20th Century Fox pf 18 Twin City R T pf 29 Union Bag&Pap (2) 44 UnCarb&C (1.60)- 14% Un Ollof Cal (1)__. 8214 Un Pacific (6)_ 79'; Un Pacific pf (4) _ 207 Un Tank Car (1.20). 97 United Afrcraft __ 4'; United Afr Line vte. 20% United Bise (1.60) . 46 United Carbon 2.40_ 1'; United Corp 20% United Corp pf (3)_. 8% United Drug._. 4'; United Dyewoo 3% United Elec Coal 65 United Fruit (3) 9% United Gas imp ay « United Paperb'd (d) 5 U S Distributing pf. 412 U S & For'n Secur__ 11 U S Freight (1) 403 U'S Gypsum (11)_ 35% U S Ind Alcohol (2). 7% US Leather A vte_. 14% U S Pipe & F (50¢) . 3 US Realty & Imp_.. 914 U S Rubber 2412 U S Rubber 1st p 92 USSmelt& R (26) 624 GSSm&R pt 1..54) 2703 U S Steel . __ s U S Steel pf (2) « U Tobacco (15)._ 315 United Stores (A)_. 51 Univ Leaf Tob (12) 1 UnivPipe& Rad.__ Utll Pw & Lt (A) . e e » PP PO e TS OINE @00 nadium Corp an Raalte (a25c).. 3‘ Vick Chem (72) __ 1% Ward Baking (B)__ 28'3 Ward Baking pf (2) 214 Warner Bros Pic__ 14!3 Warner Bros Pic pf % Warner-Quinlan___ 20 Warren Fdy&P (2)_ 30'; Wesson O&S (t50¢c) 34 West Pa Elec (T)A 36 West Pa Elec pf (6) 104'; West Pa Pwr pt (1) 5's Western Maryland_ 20% Western Union ___, 8 West'gh'se A B50c._ » Westinghse El as0c 90 West'h'se 1st pf 3145 46';s Wheel Stl pf(31%)- 67s White Motor ___ 13!z White Rk M S(1.40) 6 White Sew Mch ptf_ 3% Wilson & Co (azic) 58 Wilson & Co pf (6)- 51 Woolworth (2.40)__ 11% Worthington Pump 25'; Worth Pump pf A 73% Wrigley W jr (13). 2% Yellow Truck. 31% Yellow Truck pf 18 Young Spr& W (2). 13 YoungstownS& T- FINANCIAL, STOCKS END DAY~ WITH FIRM TONE Rise of Fractions te Aboul Point Scattered Over List—Volume Lags. STOCK AVERAGES 30 18 15 a0 Indus Rafls Util. Stks Net change. - 5 1 5 4 Today. close 66.4 2 36.6 Prev. day... 65.9 36.1 Month ago. 65.3 365 Year ago... 48.5 215 1935 high_. 68.8 393 1935 low.... 49.5 216 1934 high_.. 614 406 1934 low.... 453 228 242 349 1932 loW.... 175 8.7 239 169 1929 high...1469 153.9 184.3 157.7 1927 low.... 516 953 618 618 (Compiled by the Associated Press.) 4838 434 48.4 374 50.9 348 514 25.2 276 185 43.0 BY VICTOR EUBANK, Associated Press Financial Writer. AEREERRE; e 44k ul b +1 % + % +1% =3 o 11:00 A.M.. 1:00 P.M.... declarations. U 4 lus extra M last year % | reorzanized + + 21% bt s Unit 0f trading less than 104 3 Accumulated dividends d Companies reports x Ex dividend. ed" in" Teceiversnly®or “beme 2% Zonite Products Rights Expire. l. Budd Mfg. % Granite CS Sept. 25 Appruxlnute Sales of Stocks on the N, Y. slm:k Exchange, ~Apr. 16 + 1 90,000 680,000 12:00 Noon. 2:00 P.M 560,000 760 000 Total sales for the day. 1.010,000 Dividend rates as given in the abov | cash ‘pavments oased on the latest quariers 0 sha % opleAnDual rate— | a P his vear. b Paid $500,000 expansion program for its Grand Rapids factory. Mother Lode Coalition Mines Co.— Deficit before depreciation and deple- tion, six months ended June 30, was $8,869 vs. deficit $9,176. New York & Honduras Rosario Min- ing Co.—It was reported this company | has obtained options to purchase the Bonanza and San Albino mines, two | of the richest in Nicaragua. Phelps Dodge Corp.—Company an- | nounced its copper production would be stepped up 25 per cent for remain- der of year. Gamewell Co.—Deficit, quarter end- $50,394. United-Carr Fastener Corp.—Com- pany’s 50,000 shares of new $1 cumu- lative convertible preferred stock will ber 24. Alleghany Corp.—Committee repre senting minority stockhdlders of Al was intimated that minority stock- holders would seek same treatment accorded majority holders of common in the coming transactions. Atchison, Topeka & Santa Fe Ry.— Announcement was made that this company had purchased a controlling | interest in Southern Kansas Stage Lines Co., which operated a network of motor bus and truck lines in Kan- sas, Oklahoma, Missouri and Colo- rado and also owned interests in other companies operating in Missouri, IIli- nois, New Mexico, Arizona and Cali- fornia. Tubize Chatillon Corp.—Company has paid off all bank loans, which totaled $1,200,000 on January 1, 1935, GOVERNMENT AWARDS TRUCK ORDER TO REO Special Dispatch to The Star. LANSING, Mich.,, September 23.— Reo Motor Car Co. has received two more large truck orders from the Government. One calls for 162 units for the Department of the Interior and are to be used by the Division of Grazing. The Department of Agriculture placed an order for 49 units to be used by the Soil Conservation Division. Scotland may have s 40-hour work £ ed August 31, was $31,738 vs. deficit | be offered at $20 a share on Septem- | leghany Corp. has been organized; it | |LOWER NET REPORTED | BYILLINOIS CENTRAL j By the Associated Press. CHICAGO, September 23—The Illinois Central System today reported | that combined net railway operating | income for August totaled $527337, a decrease of $628,726, compared with | Nel operating income | | August, 1934, for the eight months ending August 31 totaled $5,865,402, a decrease of $2,- 611,757, comparec with the cor- | responding period last year. _Railway operating revenues for the eight months’ period this year in- creased $2,433,603 over that for the same period last yea August income this year was above | that of July, however. The figure in July was $186,670. 'DOLLAR UP SLIGHTLY IN LONDON DEALINGS By the Associated Press. LONDON, September 23.—The for- eign exchange market developed a more confident tone today as the result of the week end's international hap- | more normal. The United States dollar gained slightly, closing at 4.91 to the pound, as compared to Saturday’s New York close of 4.91%. Gold currencies were firmer, although slightly hesitant in view of the forth- coming economy debate in the Neth- erlands Parliament, but most conti- nental exchanges in relation to the dollar moved off. PARIS, September 23 (#).—Three per cent rentes, 77 francs 15 centimes; 4!, per cent rentes, 87.05. Exchange on London, 74.56. The dollar was quoted at 15.18%4. CENTRAL MAINE POWER REFUNDING EXPECTED By the Associated Press. NEW YORK, September 23. —Blnk- ing circles expect the issue of $29,- 500,000 4!2 per cent series “A” re- funding mortgage bonds of 1960 of the Central Maine Power Co., to be publicly offered about October 10. It fering price of the bonds will be 105. penings and dealings generally were | is understood that the maximum of- | NEW YORK, September 23— Stocks came back for recoveries in today's market as a caimer view of the war picture induced some short covering and buying for the long account Gains of fractions to around a point were scattered over the list 2nd the closing tone was firm. Trans- fers however, approximated only 1,000,000 shares. Aside from keeping a close watch on foreign developments, traders scanned domestic industrial news with Interest. Satisfaction was expressed with the estimate of the American Iron & Steel Institute that current mill operations were at the rate of 48.9 per cent of capacity, an upturn of 6 of a point over the preceding week. Announcement of Joseph P. Kene nedy, resigned head of the Securities and Exchange Commission, that he would be succeeded by James M. Lan- dis, one of the outstanding young New Dealers, elicited no formal comment from most financial circles, but the impression was given that the choica of the new chairman was not dis- pleasing. Realizing in the final hour substan- tially reduced some of the advances in shares. Among the more active gain- ers were Chrysler, General Motors, United States Steel, Bethlehem, Amer- ican Telephone. Johns-Manville, Amer- ican Can. Corn Products, Montgome: Ward, Case and International Har- vester. The rails backed up in lat= transactions. Voting of Republic Steel's merger with Corrigan. McKinney and its acquisition of contro! of Truscon Steel had been anticipated and did not prove an important market infiu- ence. Republic stock was up frac. uonally NOVELTY CHINA OBDEBED NEW YORK, September 23 (P)— China and department store buyers Have been active in the wholesale | housewares market here in quest of addxuonnl novelty items for seasonal | October promotions. | —_— ! 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