Evening Star Newspaper, September 24, 1935, Page 18

FINANCIAL, THE EVENING STAR, WASHINGTON, D. C., TUESDAY, SEPTEMBER 24, 1935. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESIUBKSRE[HSI[R FA—18 #¥x FISHER ANNOUNCES BANK COMMITTEES Prev. 1£36 Btock and sales— Nes. Prev. 1935 Nes. | digh. Low. Dividend Ra Add 00, High. g . High. Low. Dividend Rate. Add 00. X400, Hign. Zow. Close. CBRe. | * 75, 3% Eitington-Schild. . 18% 131 Nat Cash Rk A(50c) 3 20. 208 45 44 3214 19% Elec Auto L (a30c). 171 12% Nat Dairy Pr (1.20) 88 8 ™ 112 107 Elec Auto L.pf (7). 4% 1% Nat Dept Stores (d) 5 Net. Low. Close. Chge. 1% + % 16% + % 2% + W Prev. 1035 Stock and Sales— Hign. Low Dividend Rate. Add 00. 36% 32 Spencer Kell (1.60) 13}3 % Sperry vtc (825¢) .. 47y 33% Spicer Mfg pf (3)_. Stock and Safe Deposit Section Chief Aiso Calls Meeting for Tomorrow Night. BY EDWARD C. STONE. Albert E. Fisher, Riggs National Bank, newly elected chairman of the safe deposit section, District Bank- ers’ Association, announced .‘ppoml- ment of standing committees for the coming year today and also stated that the first 1neeting of the year will take place tomorrow night at 8 o'clock in the board room : of the American Security & Trust 3 Co. Questions of i P Interest and im- portance to those connected - with safe deposit d€- A p piner partments in all the city's banks will be discussed at the initial Fall session. The new committees include: Committee on Standardization of Safe Deposit Practices — Chairman, | John M. Boteler, National Savings & Trust Co.; C. M. Ashton, Mun- sey Trust Co.. Mrs. Florence P. ‘Warner, Riggs National Bank; James E. Woltz, National Metropolitan Bank: William H. Harper, Wash- | ington Loan & Trust Co., and 3uy D. Cowl. McLachlen Banking Corp. Committee on Standardized Sarc‘ Deposit Forms — Chairman, Charles | W. Haas, Union Trust Co.; Samuel R. Baulsir, Security Savings & Com- mercial Bank; Arthur P. Miller, Lib- erty National <ank; Nelson Stokes, Lincoln National Bank; Mrs. Marshall Smith, Anacostia Pank, and Mrs. Doris N. De Lozier, Second National Bank. Educational and Publicity Ccmmit- tee—Chairman, Miss Mary J. Pearce, Columbia National Bank; Jesse S. Cheyney, American Security & Trust Co.; T. E. Elgin, the City Bank; W. Clarence Miller, National Bank of Washington; Mrs. Allene Weatherly, Bank of Commerce & Savings, and Mrs. Marion Evans, Hamiiton Na- tional Rank. Election of Landis Praised. Election of James M. Landis as chairman of the Securities and Ex- change Commission, succeeding Joseph P. Kennedy, resigned, was lauded by leading brokers in Wash- ington’s financial district today. Sev- eral quoted the views of President Charles R. Ray of the New York Stock Exchange, who expressed pleas- | ure over the selection, said that the | attitude of Mr. Landis toward the ad- ministration of the securities ex- change act has always been construc- tive and most helpful to the Exchange in its own difficult task of adjusting itself to the requirements of the new | legislation. The new chairmaa was the closest | of any member of the commission to | Mr. Kennedy and his choice for the post. As Mr. Landis has been with | the commission ever since it started, | he is familiar with every step -that | has been taken to carry out the aims of the securities exchange act for the better protection of investors. The statement by Chairman Landis | that there will be no change in policy of administration pleased brokers here. He will have more responsi- | bility than Mr. Kennedy carried, as | the new public utility act comes un- | der the Securities Commission. He | takes the chairmanship at a time| when there is no more alarm over the | work of the commission, although a good many brokers and other finan- ciers still object to the cost involved in supplying so many special reports. Institute Gets Good Start. Enrollment in Washington Chap- ter, American Institute of Banking, started last night at headquarters in the Bond Building. Class work in the banking courses for the first hailf | year also got under way. The number of students signing up | for various courses was ahead of last | year, officials reported today. There is every reason to believe there will be an increase of 10 per cent or more in the number of students. There were 225 junior bankers in the institute last Fall. It is now ex- pected that there will be 250 and per- haps 275 this Fall. The next few days will show the exact number, Changes in Bond Issues. ‘This week’s Bond Review being dis- tributed by J. C. Bache & Co., in the ‘Washington Hotel, says: “Pacific Lighting has filed a regis- tration statement for 4'25 of 1945 to redeem the Southern California Gas 5s of 1937, while Central Maine Power has filed an issue of 4s of 1960. The new issues of Illinois Bell Telephcne is expected to bear a 3': per cent coupon. “‘Actual calls of the last week in- cluded Columbus Railway, Power & Light 51is of 1942, Philadelphia Sub- urban Water Co. 5s-of 1955 and 4':s of 1967, Washington Water Power 5s | of 1939 and one-fourth of the out- standing Crucible Steel 5s of 1940.” Further Advance Forecast. Ralph M. Wolfe, manager of the Washington office of Mackubin, Legg & Co, in the Woodward Building, was back at his desk today after an ex- tended vacation spent motoring through the White Mountains. On his return he stopped off in Wall | Street where he found many brokers predicting a further climb for the New York Stock Market. Temporary set- backs are to be expected but it is probable that stocks will work higher rather than lower during the next few months, Mr. Wolfe said. His own views on the outlook are the same as he heard in New York. Continued improvement in the building situation in the fifth district is the high spot in the latest report from the Reserve Bank of Richmond. Retail trade is recovering from the early September slump largely caused by bad weather. The pace of whole- sale trade, however, is slower. Textile and coal outputs are improving. Today’s Trading on Exchange. Mergenthaler Linotype appeared on the board again today on the Wash- ington Stock Exchange, eight shares selling at 27%, off 3g from yesterday's glose. Recent transactions have re- vived interest in this issue, been so quiet for several weeks. The annual meeting takes place before long, when the financial results of the year's operations will be announced. Last year's report revealed very marked progress over the previous year. Washington Gas 6, series B, figured in a smail transaction on the ex- change today, selling at 101%. ly one other sale was recorded during the day, 10 shares of Potomac Electric 344 14% 14's 8% 1524 1% 2075 2w 83 3015 173 Th 12814 146% | 168 2614 51'% 117% 204 106 70 14013 27 145% 994, 103 109 93 6% 708, 391 14 % 6% 268 18 23 115 10% 51 145 234 19% 41l 103 2614 141 161 597 100 4Ty 26% 53% 154 4874 28 Adams Millis (2) _ 8 Addressog'h (80c)_. 415 Advance Rumely _. 612 Affiliated Pro (60c). 104% Air Reduction (13). %, Afr-Way Elec Appl. 1514 Alaska Jun (160c) - 4 Alleg Corp (d) ____ 2% Alleg pf w$30w (d). 21 Allegheny 8tl (1)__. 125 Allied Chem (6) - 3% Allled Stores. ... 49 Allled Stores pf ( 12 Allis Chalmers 4813 Amerada Corp (2) _. 41'3 Am Ag Ch(Del)(3)- 1313 Am Bank Note ___ 21 Am Brk Shoe (1) _ 119 Am Brk Shoe pf (7) 110 AmCan (t4) _____. 151% Am Can pf (7) _ 10 Am Car & Fnundry 25'3 Am Car & Fdry pf.. 8 AmChain 2% Am Colortype ... Am Comcl Alcohol.. 6's Am Crystal Sugar . 72 AmCrysSistpf 6. 2 Am & Forelgn Pwr._ 14 Am & For Pw $7 pf. 17 AmHide&Lopf . . 's Am Home Pr (2.40) 23 AmIce.____ 18 AmIcepf (8 4'2 Am International. 9 Am Locomotive __. 32 Am Locomotive pf_. 1813 Am Mch & Fy (80¢) 4% Am Mch & Metals__ 1'; Am Power & Light_ 8% Am Pw & Lt $5 pf__ 10's Am Pw & Lt $6 pf__ 10'; Am Radiator 15% Am Rol} Mills a30c. 66 Am Safety Ra: 413 Am Seating vtc . 20 Am Shipbldg (2).. 31% Am Smelt & Ref __ 103 AmS&R 6%pf 313% 12 Am Steel Foundry . 88 Am Stl Fdry pf (2). 514 Am Sugar (2) - 126!z Am Sug pt (7) - 18'; Am Sumat Tob (Ql) 9873 Am Tel & Tel (9)_. 7215 Am Tobacco (5) ... 74% Am Tobacco B (5)_. T's Am Water Works__ 48 Am Wat W 1st (6)- 47y Am Woolen. 35'3 Am Woolen pf, 31 Am Zinc & Lead Df_ 8 Anaconda Copper. 11's Anchor Cap (60c) 100 Anchor Cap pf(6%4). 3'% Andes Copper_____. 31 Armour of [llinois_. 55'3 Arm'r(I11)pr pf (6) . 16's Armstrong Cork 500 7' Asso Dry Goods . 8074 Asso DG 1st pf ($9). 35% Atch To&S Fe (a2)_ 66% Atch To&S F pf(5)- 19'; Atlantic Coast Lin 217 Atlantic Ref (1) 22% Atlas Powder (2) 106% Atlas Pwr pf (8)_—- 15 Auburn Auto__ 513 Austin Nichols 2% Aviation Corp(Del) 2 Baldwin Loco (d).. 713 Baldwin Loco pf (d) 7', Baltimore & Ohifo._. 9% Baltimore & Oh pf- 106'4 Bang & Aroos pf(7) Barnsdall Corp 3713 Bayuk Cligar (1) Beech Creek R R(2) 114 Belding-Hem (1) 1174 Bendix Aviation __ 151 Beneficial Lo (134) 213 Bethlehem Steel .__. 55% Beth Steel pf(al¥%) 143, Bigelow-San Corp.. 9% Blaw-Knox 61s Boeing Airplan 39% Bohn Alum &Br (3) 90 Bon Ami (A) (14)_. 42 Bon Ami (B) (12).. 21 Borden Co (1.60) 281, Borg-Warner (2)_.. &1, Bridgep't Brass 40¢ 24'; Briggs Mfg (2) 3 30% Bristol-Myers (12). 20 3is 101, 22% 20% ————————— 14 5% 24% 168 13% 95 8113 118 56 35% 36% 29 6%3 654 4T 4T% 344 3 4% 5% 12 4T 4 4% T4% 24% 35% 3613 Bklyn-Man Tr (3) _ 90 Bklyn-Man T pf(6). 53 Brown Shoe (3) 3% Brunswick-Balke. 41 Bucyrus Erfe__ 81y Bucyrus Erfecv pf_ 62% Bucyrus Erie pf (2) 3% Budd(EG)Mfg____. 23 Budd(E G)Mfg pf_ 2'; Budd Wheel 8% Bullard Co 3% Bulova Wat: % Burns Bro B (d) ... 3 Burns Bropf (d)_.. 13% Burr Add Mch(60¢) 1 Bush Terminal (d). 5% Bush Term deb (d). 241 23% 1315 1815 13 13 67% ET I T SOty o -3 LA DA R DN AR ARS BB aRORN I+ ++ b (4 R E 508 12 .') 10 Bush Term B pf cod lZOn 4 11% Byers (A M). % Callahan Zinc 215 Calumet & Hec! 71, Campbell-Wy ad0c_. 8% Can Dry G A (40c). 9% Canadian Pacific - 86 Car Clin&O sta (5)- 45% Case (J ) Co______ 8315 Case (J 1) pf (4)___ 361 Caterpillar Tr (11)- 1913 Celanese Corp. 11% Celotex Co pf (d) .. 22y Cent Aguire (1%)_. 38% Cerro de Pasco (4)- 23 Certain-teed Prpf._. 3714 Ches & Ohio (2.80) - 36 Chesapeake Corp(3) 15% Chi Mall Order (t1) % Chi Mil StP&P (d)_ 3, Chi M StP&P ot (d) 1% Chi & N W (d) 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf___ 1% Chi R 1&P 6% pf(d) 1% Chi R I&P 7% pf(d) 31 Chrysler Corp (t1). 14 City Ice & Fuel (2) 27% Clev Graph Br (11). 245 161% Coca-Cola (8) . 57 19% 331 94 537% 119%2 72 102% 237 5815 1015 Ty 1018 4%, 103 5 1t% 13% 5l 9% 1% 6% S1's 14% 42 1% 23 8% 6% 39% 16% 36% 4% 92 28 42 28 43% 40% 4314 33 24 13% 135% 131 53% Coca-Cola A (3)__—. 15% Colgate-P-P (50¢c) .. 9 Collins & Alkman . 69% Collins & Alk pf (T) 3% Col Gas & Elec 35'2 Col G & Epf A (6) . 3415 Colum Pic vte (1) 67 Colum Carbon (4) _ 39'4 Comel Credit (232)- 112 Comel Cred pf(5%) 56% Comcl Inv Tr(12.80) 977% Comel In T pf(4%). 175 Comel Solv (160¢).. % Comw & Southern__ 2914 Comw & Sou pf (3)_ 27 Congoleum-N(1.60) 41 Conn R&L pf (4%). 7 Consol Cigar. 7 3% Consol Film 14% Cons Film pf ($1%) 157 Consol Gas N ¥ (1) 72'% Consol Gas pf (5) . 113 Consol Laundri 6’3 Consol Ofl (a25¢) 213 Consol RR Cuba pf. 13 Consol Textile - % Container Corp (A) 274 Container Corp (B) 413 Contl Baking (A) ... %5 Contl Baking (B) _. 46% Contl Baking pf (4) 62% Contl Can (2.40) __. 7 Contl Dig F (a55c).. 287 Contl Ingur (11.20). % Contl Motors = 15%4 Cont! O Del a62%c.. 60% Corn Prod Ref (3).. 415 Coty Inc = 35% Cream of Wh (12)_. 12 Crosley Rad (a25c). 23'% Crown C&S (1) 43% Crown C&S pf(2.70) 741 CrownWP1st pf(5). 14 Crucible Steel 5% Cuban-Am Sugar . 6% Curtiss Wright (A) 16 Cutler Hammer.... WhiCh has | —— 22% Deere & Co... 19 Deere&Co D (375¢). 23'% Delaware & Hudson 26' Diamond Mtch t1%. 3414 Dome Mines (12)__. 6% Dominion Stores __ 17% Dou Air (a75c). 1315 Dresser Mfg A b1% 63 Dresser Mfg B 86% Du Pont (13.60)._. 1267% Du Pont deb (6) . 3% Eastern Roll Mills.. Power 5% per cent preferred moving 12; 110% Eastman Kod (5). ot 112%. “16% Eaton M{g (11)-eee b+ 5 o aanSsfuanSonanna . b LA+ ) 3 [Eet 35 | +++ 4+ - = FEF FE2ES + 4 Ereas +4+%| - EREE FESFE 28% +1% 39% + % 2% + % 36 — 1 38U + % 105 7% 3015 + 1 22 + % n 131 + W 12715 125% 125% ~ % 1% 1% 13 L3 =35 4 156 155 156 +l 10 28% 27% 2TH + % v ’ 10% 37 Electrie Boat_ 5% Elec & Mus Ind..... 1's Elec Pw & Lt 213 Elec Pw & Lit 86 pf. 3 ElesPw &Lt $7pf. 39 Elec Stor Bat (2%). % Elk Horn Coal (d) __ 14 Eng Pub Sve $5 pf__ 14'; Eng P 8 $5.60 pf ww 15'; Eng Pub Sve $6 pf.. 413 Equit Office Bldg. 7ix Erfe R R 104 Eureka Vac C (80c) 15 Evans Produets(1)_ 2 Exchange Buffet % Falrbanks Co. 17 Fairbanks Mo: 48 Fed Lt & Tr pf (6)_. 2 Fed Screw Works_. s Fed Water Svc (A). 1614 Fed'd D Strs (160c). 2813 Fid Ph F In (11.20). 13'» Firestone (40c) 8415 Firestone pf A () _. 45% First Nat Strs (2%) Follansbee Bros(d). 20% Kood Machine (1)__ 97 Foster- Wheeler._.. 60% Foster-Wheeler pf 19% Four Nat Iww a1.10. 17% Freeport-Texas (1) 10% 5's Gen Am Investors_.. 44 3528 Gen Am Trans(1% 20% 11% Gen Asphalt.__ 50 Gen Cigar (14 20'; Gen Eleetric ( 30 Gen Foods (1.80) _. '« Gen Gas & El (A) 26% Gen Motors (12) .. 107'z Gen Motors pt (5) 3 Gen Outdoor Ad 17% Gen Print Ink(1. 1'x Gen Public Service 15 Gen Ry Signal (1)_. 4 Gen Realty & Utll__ 14% Gen Real & U pf ww 16% Gen Refractories__. 14 Gen Stl Casting pf_. 12 Gillett Saf Ras (1) 70'; Gillett Saf R pf (5). 214 Glmbel Bros__ 18 Gimbel Bros p! 23%, Glidden Co (11) 4 1047» Glidden Co pr pf (T) 1'x Gobel (Adolf) (d) - 14% Gold Dust (1.20) ... 7's Goodrich (BF) ... 40 Goodrich (BF) pf_. 15% Goodyear T&R .. __. 70~ Goodyear $7 pf (4)_ 23 Gotham Silk Hose._. 20 Gotham Silk H pf. 1'4 Graham-Paige 5% Granby Consol . 14 Grand Un pf (1%) . 1814 Granite City Stl (1) 9% Grt Northern pf 9' Grt North Ore (50c) 26% Grt West Sug (2.40) 20'; Greyhound Corp 1 Guantanamo Sugar. 6 Gulf Mobile & N pt. 48 Gulf States Stl 1st_ 4 Hall W F Printing._. 16 Harbison Walk (1). 5'2 Hat Corp of Amer... 1% Hayes Body 85 Hazel Atlas Gl (5)_. 11 Hercules Motor (1). 71 Hercules Pw (13)__ 734 Hershey Choc (3) .. 104 Hershey Ch pf (14). 5% Holland Furnace__ 307 Houd-Hersh (2%) A 612 H'daille-Hers B(1). 113 Houston O1l (new)_ 43 Howe Sound (13)... 2% Hudson & Manhat 6% Hudson Motor Car. % Hupp Motors 178 57 33 9515 9'; Illinois Centr: 40 11l Cent Ise lines(4) 23! Indus Rayon (1.68). 46'¢ Inland Steel (12) 65 23 Inspiration Copper. 23% 8% Interboro R T (d) .- 5 2% Int Agricultural___. 187 149% Int Bus Mach (16) . 714 3% Int Car'rs Ltd (20c) 33 227 Int Cement (1) 60'; 34'x Int Harvester 60e) . 4 Int Hydro Elec (A). 5% 1% Int Merch Marine 2% Int Nick Can) (80e._. 4 Int Paper & Pw (C). 4'; Int Paper & Pw pf_. 2173 Int Print Ink (1) __ 938!, Int Print Ink pf (6) 424 Int Shoe (2) .. 60! Int Silver pf (4) 5% Int Tel & Tel 87 Interstate Dept - 5% 31% S0 P £ BEFTeTCnn Do TN n o 67 49 Jewel Tea (3) ____. 771; 3813 Johns-Manv (a50c). 84% 50 Jones&Laugh7%pf. 100s 18% 213 7t3 Kaufmann D S(30c) 15% Kayser(J)&Co ad0¢ 34 Keith-Albee-t Or pf.. 6 Kelsey-Ha. 3% Kelsey-Ha 10% Kelvinator (t5%¢) - 84 Kendall Co pf (16)_. 13% Kennecott C (60c) .. 10 Kim Clark (a2sc) 19% Kresge (8 8) (1) 103 Kresge (S S)pf(7)-. 32% 224 Kroger G&B (1.60)_ 2814 12 1% 3% 13% 95% 17% 8% 381 24% 120 122 16712 192 24% 39% 347 45% 215 41% 26'% 144% 14 22'a Lambert Co (2) 813 Lee Rub&Tire dnc) 10% Leh Port Cement _. 1'; Lehigh Valley Coal. 52 Lehigh Val Coal pf_. 67'4 Lehman C (12.40) . 107 Lehn & Fink (134).. 6% Libby McNeill & L. 21'3 Lib-O-Ford G1(1.20) 21 Life Saver (1.60) _. 94' Ligg & Myers (14)_. 93% Ligg & Myers (14)B 151% Ligg & Myers pf (7) 16 Lily Tulip Cup(13%) 13 Lima Locomotive... 17 Link Belt (80¢c) 241; Liquid Carb (11)_. 31% Loew’s Ine (2)._ 1% Long Bell Lum (A 33 Loose-Wiles (2)__.. 181 Lorillard P (t1.20). 10 124 Lorillard Ppf (7).. 20s 3 La Ofl Ref (d) ___. 2 22% 10% Louisv G&EpfA 1% 3 47'; 34 Louis&Nash(a2%) 2 261 12% Ludlum Steel _— 46 40 McAndrews&F(12). 2 130 113 McAnd & F pf (6)_. 30s 28 McCall Corp (2)- 8 7% McCrory Stores (). 613 McCrory Strs B (d). 36% Mclntyre Porcu (2) 9033 McKeesport T P (4) 5% McKesson & Rob . 32 McKesson & Rob pf 815 McLellan Stores__.. 18% Mack Truck ( 301 Macy (R H)& Co(2) 514 Mad'n Sq Garale.. 18% Magma Copper (2)- 4 Manat! Sug pt (d).. 29 Man Elev gtd (d) 13% Man El md gtd (d)._. 1 Maracaibo Oil Exp.. 5% Marine Midld (40c). 3% Market St Ry pr pf- 1 Market St Ry 2d pf_ 20 Marlin-Rockwell(2) 1% 6% Marshall Field & Co 150 136 Mathieson A pf (7). 54% 357 May Dept Str (1! 60) 14% > gel 3 24% Mesta MICIln. @- 2% Miami Copper—._._. 914 Mid-Cont Pet(al5c) 8% Midland Steel Prod. 601 Midl'd Stl 1st pf(8). 58 Minn Hon R (13)__. % M St P&S S Marie.. 2145 Mo Kans & Texas__. 57 Mo Kans & Tex f__. 1% Mo Pacific pf (d)___ 10% Mohawk C M (a26¢) 55 Monsanto Chem({1) 21% Montgomery Ward. 527 Morrel & Co (3.60) % Mother Lode .. 173 Motor Products (2). T4 Motor Wheel (60c)- 9! ullins Mfg (B).. 62 Mullins Mfg pf _ 13Y% Munsingwear Ine... 4% Murray Corp 30 Myers (FE) & B (2) 1 85 1 - MBI NGO NN TS 67% ... 2.8 4 R 17% 404 Pttt 19% 11 Nash Motors (1) 10% 4% Nat Acme CO-oe. 331 22% Nat Biscult (1.60).. 190 4 23 112 147% 58 12% 5 38% 33% 10 99 1% 981 1% 39% 39% 15% 15% 9% 9% 80% 28% 28 2 112 112 . +1% | I ++++ 1 I+ + H 4 PEEFE FEFFEF? 1+ + & A = s gse LR | EE 3% 3215 14% 215 1% . 284 4415 21 115% 136 1% 57 19'9 12 101% 141 6 23% Nat Distillers (2).. 21 NatEn & Stpg (2)_. 4% Nat Pw & Lt (80¢) .. 40% Nat Steel (11).ccae 9 Nat Supply Co..... 8% Nat Tea (60c) ___.. 7' Natomas Co (80¢) 21% Nelsner Bros (1) __ 431 Newberry J J(1.60). 12% N Y Central RR 6 N'Y Chicago & St L. 9% NYChi&StLpt.. % N Y Investors (d) . 2% N Y N H & Hartford 6 NYNH&Hartfpt Y Rwyspf (4) ... Y Rwys pf stpd_. ¥ Shipbuilding 62 N Y Shipbuild'g pf_ 69 N'Y Steam pf (6) .. 2 North Am Aviation. 9 North Amer Co (1) 35% North Am Co pf (3) 1314 Northern Pacific __ 357 Northwest Tel (3) n e D N N N N N 9% Ohio Of) (a18e) 16% Oliv Farm Bq(ne: 313 Omnihus Corp.._. 114 Otis Elevator (60c). 14 Pac-Amer Fisheries 1315 PacificG& E (1% 19 Pacific Ltg (2.40) . 12 Pacific Mills____ 70 111'; Pac.fic T & T pf (6). 6% Pac Wn Oil (b40c) 3'3 Packard Motors _ 3 Panhandle P&R pf 8 Param’t Pic (new) 84 Param't Pic 1st pf. 9% Param’t Pic 24 pf_ 2'4 Park Utan - 5 Yathe Film Corp 641, Renick & Ford (3 57\ Penney J C (2) 2! Penn Coa! & Col 3 Penn Dixie Cement. 17'% Penn Railroad(50c) 30 Peoples DS (11) 17% Peoples Gas Chi. 73 Petrol Corp___ 13 Pfeiffer Brew (11) 12% Phelps Dodge(a2ic) 23 Phila Co 6% pf (3)- 1% Phila & Read C&I. 35' Philip Morris (1) _. Pitts Coal_ 26'¢ Pitts Coal pf. i 515 Pitts Screw & Bolt. 11, Pitts United Corp.. 24'; Pitts United C pf.-. 6'3 Plymouth Oil._. 6's Poor & Co (B) 4% Postal Tel&C pf (d) " Pressed Stl Car (d)._ 613 Pressed Stl C pf (d) » Proc & Gamb! (135) » PubSve N J (2.40)_. Pub Sve N J pf (6 1n0 Pub Sve N J pf 8) .. 3 Pullman, Inc (1%)_ » Pure Oil 49 Pure Oil 8% pf Purity Bakeries (1) 4 Radio Corporation 50 RadioC'ppfA (3%) 54 Radio Corppf B.__ 1'¢ Radio-Keith-Or (d) 4% R R Sec 11l Cent___ 16%; Raybestos-Man (1) 36 Reading 1st pf (2). 3'x Real Silk Hosiery. . 20's Real Silk Hose pf__ 7 Remington-Rand 21% Remington-R pr pf_ 69 Rem-Rand 6% pf_ 2% Reo Motor Car 9 Republic Steel 28% Republic Steel pf_ 28 Republic Stl pf cod. 33 1 21 9 & 36 Nat Supply Co pf... lO; 2 3 40s 80s 80 72 et 3 Pacific Tel & Tel (6) 1108 508 Y ‘s (R P 1) - L+ 1&#++4% 19% 437% Splegel-May-Stern 121; Stand Brands (30e). Stand Brands pf(7) 213 Stand Com Tobacco. 1!y Stand Gas & €lec... 1% Stand G & E $4 pf__ 4% StandG& E $6 pf__ 6 StandG&E$7pf__ %4 Stand Inv Corp__ 27% Stand Of) of Cal (1) 23 Stand Vil of Ind (1) 35% Stand OIINJ (11)_. 12'; Starrett (L 8) (1) .. 58% Sterling Prod (3.80) 8'a Sterling Secur pf___ 6% Stewart-Warner. 2 Stone & Webster. 2% Studebaker Corp 60'3 Sun O1l (1) __ 115'2 Sun Oil pt (6) 11 Superheater (50c) 1% Superior Oil ___. 5 Superior Steel ____ 147 Swift & Co (150¢) . 6% Telautograph (60e) 4 Tennessce COrp--. 16'3 Texas Corp (1) .. 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Oil 8!3 Tex Pac Land Trusi 13' Thatcher (1) .- 61's The Fair pf ($12% 213 Thermold Co 2 Third Avenue. 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil.. % 4% Timken-Detroit. s 28% Timken R B (11) 47 Transamerica(80c). 5!x Transue&Willlams. 1% Tri-Contl Corp .. 414 Truax-Tra Coal._. 313 Truscon Steel . 13 20th Century Fox.__ Oth Century Fox pf 21 Twin City R T_ 18 Twin City RT pt 29 Union Bag&Pap (2) 44 UnCarb&C (1.60)_ ll*‘ Un Oil of Cal (1) &~ 415 c 20% United Bisc (1.60) _. 46 United Carbon 2.40_ 14% Unit-Carr Fast (1)~ 1'; United Corp _____ 20% United Corp pf (3).. 8% United Drug. 4'2 United Dyewood 314 United Elec Coal__— United Fruit (3)___ 4 United Gas Imp (1) United Paperb'd (d) S Distributing pf. S & For'n Secur__ S Freight (1)____ S Gypsum pf (1) s s Hoftman ind Alcohol (2). 34 US Leather vic __. 7' US Leather A vte._ 14% U S Plpe & F (50¢) _ 19% U S P&F 1st pf1.20. 3 US Realty & Imp__ 9'4 U S Rubber ___ 2415 U u u u U u U U U S Rubber 1st pf__ USSmeit &R (a6). T2 U Reel—______ 3% U S Steel pf (2) 3'3 United Stores (A) . 51 Untv Leaf Tob (12) 133% Univ Leaf T pf (8). 1 Univ Pipe & Rad___ 1 Utll Pw& Lt (A) 13 Vadsco Saies Corp_. 11% Vanadium Corp . 113 Van Raalte (a25e)_. 34 Vick Chem (12)_ 2'3 Va-Car Chemical... 17'3 Va-Car Chem 6% pt 85 Va-CrCh 7% pf(7)_ 6313 Vulcan Detin 1 abash (d)- 26% Walgreen Co 114 Walgreen pf (6%)- 1% Ward Baking (B) . 28'3 Ward Baking pf (2) 31091, 64t 108 150 o 2% +1 +3 +1 =3 3, 18% + % 15% + % 3% — % 15% + % 9% + 8 80% +1% 13 Revere Copper (A). 75 RevereC&Bpf. __. 17'; Reynolds Metals (1 12's Reyn'lds Spring(1). 55% Reynolds Tob (3) _ ~ Reynolds Tob B (3) « Ritter Dental Roan Antelope Ltd_ Royal Dal.70 1-10e. 21% 46 3 Safeway Stores (3). 113% 104% Safeway Strs pf (6) 114': 110 Safeway Strs pf (7) 22% 10% St Joseph Ld (40¢). 2 % St L-San Fran (d).. 1 St L-San Frpf (d). 6 Savage Arms 22 Schenley Distillers. 8 Schulte Re Strs pf 1 Seaboard Alr L (d)_ * Seaboard A L pf(d) 20% Seab'd O Del (t60¢) Roeb’k(a75c) 7% Servel Inc (50c).__ 9 Sharon Steel Hoop.. 3% Sharp & Dohme____ 7% Shattuck(F G) (25¢) 513 Shell Union Ofl____. 63'» Shell Union Oil pf_. 8% Silver King C(40c). 6 SimmonsCo. ... 5 Simms Pet (a50c) 613 Skelly O1l _ 18 Sloss-Sheffie! 24 Sloss-ShemMeld p! 15% Snider Packing. 10%s Secony-Vac (30c) 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 123 Southern Pacific_ 5'2 Southern Railway.. 7 Southern Rwy pf__. 3'a Sparks-Withington 3% Spear & Co.. 14 308 2008 1415 20%, West Pa 12 Western West'gh Westing 537w 82% 3% Wrigley 314 65 381y 281, 14 | B 52, 4% Dividend rates cash payments base declarations lus extra astyear reorzanized 45 2% Warner Bros Pie._ Warner Bros Pic pf Warren FAdy&P (2)_ 2 Wesson O&S (150¢) Wesson O&S pf (4) Western Union Westvaco Chi White Motor _ White Sewing Mch. Wiicox Oil & Gas _ Wilson & Co taz5e) Wiison & Co ptf (6). Woolworth (2.40) __ 11% Worthington Pump 35'3 Wright Aero s Unit of trading less than 100 shares. 3 Accumulated dividends d Companies x Ex dividend. + % + 13 Elec (1)A 41 West Pa Elec pt (7) West Pa Pwr pf (6) Western Maryland. Md Zd pt__ se A B 50c. hse El as0c 4ve) Wir(13). 174 Yale & Towne (60c) 2% Yellow Truck . 18 YoungSpr& W (2). 13 YoungstownS& T_ 844 38'3 Youngst'wn S&T pf 13, Zenith Radio 2% Zonite Products Rights Expire. 14 Budd Mfg. | Approximate Sales of Stocks on the N, Y stock Excmn‘m Apr.16 13 310,000 iz:v0 Noon. 660,000 2:00 P.M les tor the day. 1.00 given In the apove table are the On the' latest quarierly or Baif-searly f Annua) rate— a Paid this year. b Paid reported In receivership or being New York Cotton By the Associated Press. NEW YORK, Sepwmber 24.—Cotton | was moderately active and generally | steady today on trade buying and cov- | ering promoted by reports of continued small offerings from the South. De- | cember sold up from 10.52 to 10.63, or about 10 points net higher, but a little | more hedging was encouniered on this advance, and the market in the late trading showed reactions of 3 or 4 points from the best. pufitures closed steady, unchanged to 8 Close. Qctober 0.56-38 Cotionseed Bleachable cottonseed oil futures closed steady. September, 10.55b; Oc- tober, 10.15b; December, 10.18b; Jan- uary, 10.19; March, 10.21b. Sales, 41 contracts, including 24 switches. b—Bid. Liverpool Quotations. LIVERPOOL. September 24 (#).—Cotton, 8000 bales. including 5400 American. pot in good demand, but business mod- grate: prices 3 points lower. Quotations n pence: American, strict ‘middling. 800d middling, 6.67 h’h:t mlddllnl. 3 middlice 6.37; strict low middling, low middling, 6.02; strict good ordi- 82: good ordinary, 5.52. Futures " Jandary, 580) M{in‘cfi“ 5255 My B = 2y, i July, 5.83. FOREIGN EXCHANGES. NEW YORK. September 24 (#.—Foreign exchange steady. Great Britain in dollars, othe Great B Yew' York 3 ew Yor B Nominal. NEW YORK. '!Dumb!l’ 24 (D——"‘ operating income of r today for August m‘lfl Union PacifiCecan l!. 3 nu 771 82,660,043 BRITISH CLAIMS ON ITALY MOUNT Collections for Goods Difficult Because of Rome Exchange Restrictions. By the Associated Press. LONDON, September 24.—British | firms are having increasing difficulty ‘ln collecting for goods sold in Italy, | tions. Outstanding British claims under | the Anglo-Italian clearing plan for the week ended August 28. This steady expansion of uncleared balance is causing some concern in | business circles, and is said to be due | partly to excess of British exports to| Italy over Italian exports to Great Britain, 1 | Another contributory factor is the | ports to Great Britain are paid for outside the clearing. Commenting on the position, the Financial Times said: “There has been persistent evasion all the time by Italian exporting firms, and protests by the British Embassy in Rome have had little or no effect.” NET OF COMMONWEALTH & SOUTHERN DECLINES By the Associated Press. NEW YORK, September 24 —Com- ‘monwealth & Soutnern Corp. and sub-| sidiaries’ report for 12 months ended August 31 shows net income of $8.222,- 412, equal to $5.48 a share of $6 pre- ferred stock. This compares with $8,252,495, or $5.50 a share, in the 12 months to August 31, 1934. August net income was $426,142 against $326,886 in August last year. way in which part of the Italian ex- | U S Fire Corrigan, McKinney Steel Co.—Net loss of company for two months ended ' June 30, 1935, was reported as $161,406. INSURANCE STOCKS NEW YORK. September 4 (7). —New York Security Dealers Association Aetna Cas Aetna Fire (1 Aetna Life ( Agricultural () Am Ins Newark ( Am Reinsur Am Surety (1 Automobile (1)__ Baltimore Boston (1 Carolina City of N Y colm&Gen Lue [ 3 2) owing to the Italian exchange restric- | g amouated to £1.948,035 ($9,577.027) | 1 Wash (1 S%Panr Fire Epringfield rl’n xd, i Sun_ Life_ Travelers’ (1.60 Westchester (a) Inclucing extr. (#) Declared or paid so far this year. T s = CHICAGO LIVE STOCK. CHICAGO. September 24 (P (United States Department. of Agriculture).—Hol 8,000, including 2.000 direct; siow. 10a than Mondl]y6 ay rn“n . 7,000; calves, 1. m&! -nlo’mer market on fed steers and yearlings: nnd‘y’ to weak at Monday's sharp decline: heifers easy in sympathy with steers: gows stead | tical top vealers. 10.00: few at 1 ice ¥ feeders. 8.60. uos'}‘:h; B 00: at Jams uneven: bulk around steady: top, #.85 for choice Wash- | n lambs to shippers: bulk. 9.50a9.7 ‘wnllthwmon natives at inside: plainer drov Tangers, 9.5 and below: slaughter ewes, =3°00; feeding lambs also steady. bulk eligible around 8.7529.00. - MONTREAL SILVER. MONTREAL. September 24 ) —Silver futures closed steady. 5 lower to 30 high- er. Sales, 26 Comufiu | Segtember Waren>e" b—Bnd. QUIET ADVANGE 'Prices Move Up Fractions to More Than Point as Peace Hopes Rise. STOCK AVERAGES a0 Thaus Rous. Ui sus T —1 +.4 QQT‘ Net change. Today, close.. Prev. day... Month ago. Year ago_.. 1935 1935 1934 1934 1932 67.1 66.4 644 50.5 68.8 495 - 61.4 - 453 228 242 349 - 175 87 239 169 1929 .1469 1539 1843 157.7 1927 - 51.6 953 618 618 (Compiled by the Associated Press.) 258 259 24.7 2638 216 18.5 43.0 31.0 36.6 35.0 290 393 21.6 406 50.9 343 514 BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, September 24 —The stock market edged quietly higher for the second successive session teday, as Wall Street was a little more hopefu! | of a compromise of the Ethiopian dis- pute, and found trade news bright. ‘Traders were still cautious pending more definite news from Geneva, but there was sufficient buying to push much of the list up from fractions to more than a point. The turnover was only about 1.000.000 shares, but the closing tone was firm Utilities joined the advance, as Wall Street was encouraged by re- cent power consumption reports and the initial moves by the S. E. C. in connection with administration of the Wheeler-Rayburn act. Ccmmodities were mostly dull, but rubber spurted eon reducticn of export quotas by the international committee in London. Foreign exchange dealings were mark= ed by an improved demand for stere ling Non-ferrous metal helped by the statement of an official of American Smelting that directors might consider putting it on a divie dend basis. Allied Chemical was a buoyant specialty, up more than 4 points Eastman, American Woolen pre- ferred. Wilson preferred and Thatcher Manufacturing jumped a couple of points, and issues up major fractions to more than a point included Chrys- ler, National Biscuit, Case, Briggs, Electric Autolite. Continen Can, American Telephone, Radio preferred B, American Power and Light pre= ferre¢ United Corp. preferred. North American. Montgomery Ward. Amer= ican Smelting. U. S. Smelting, Cerro de Pasco, Kennecott and others. shares were Chicago Grain By the Associated Press CHICAGO, September 24—Un tled by uncertainty as to the ultimate success of peace negotiations in Eue | rope, the wheat market was lethargic today. Wheat prices rose more tnan a cent, May futures touching $1.00, and then lost this advance. Bulls contended there was prospect of world wheat supplies being raduced to a minimum by the end of the sea= son. Rainfall expected to rehe drought conditions in parts of A tina, normally a major exportinz nae tion, failed to materialize, cable ad- vices said Wheat closed nervous, '« higher to % lower, December 981,a3s. and corn was . off to 17« up, December 58’8 Oats were unchanged to ‘s higher, rve “.#1°. up, barley un- changed to 34 advance and provisions were easy. WHEAT— Oven. High Chicago (‘l‘h \larkfl Cash wheat, No. 3 red, 1.00';-1.01; No. 3 mixed, tough, 1.00'4; No. 3 mixed, 1.00%: co No. 2 mixed, 84':; No. 2 white, 86" oats, No. 3 white, 307,-32";; rve. No. 3, 55: no buckwheat or soybeans; bar- ley nominal: feed, 32-4 malting, 50-75; timothy seed, 2.50- seed, 11.50-16.50 tough, Liverpool Grain Prices. LIVERPOOL September 24 4" — futures closed steady. s October __ December ~__ Exchange. 4912 Baltimore Quotations BALTIMORE. September 1 7 Nor A e W ter . BaTIIcks: $POL 80; September, &9, Wheat domestic METAL MABKET | | NEW YORK. September 24 ;P —Cooper nmhln:rd ‘Lead stead 508455 East St. Louis. 4.35 Baet St Lowis. spot and future Aluminum. 19.00a22.00, Antimony. spot, Continental Can Co.—Schlitz Brew- ing Co. has contracted with this come pany for its standard crown can. CONSTRUCTION LOANS TIAL PROPERTY in the District of Columbia and Nearby Maryland. 5Y2% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100