Evening Star Newspaper, September 27, 1935, Page 18

FINANCIA BY 1.B. A. GROUP Capital Financier to Serve as Chairman of Souths eastern Section. BY EDWARD C. STONE. Y. E. Booker, head of the invest- ment firm of Y. E. Booker & Co., this city, was elected chairman of the Southeastern group of the Investment Bankers' Association of America, at a meeting held in Balumore late yes- terday. The new chairman, who is president of the Wasbington Stock Exchange, was vice chair- man of the group last year. John Red- mond, jr, of Baker, Watts & Co.,, Baltimore, was eclected vice chairman, and Norman H. Blake of Alex- ander Brown & Sons, Baltimore, was chosen secretary-treasurer. In addition to the officers, the Executive Committee inclides John C. Legg, jr., of Mackubin, Legg & Co.. Baltimore; Robert B. Hobbs of W. W. Lanahan & Co., Baltimore, and John C. Hagen, Jr., of Mason-Hagen, Inc, Richmond. The meeting was well attended, the following Washington member firms being represented: Folger, Nolan & Co.; Henderson-Winder Co., James | M. Johnston & Co.: Stroud, Kurtz & | Co.; Waggaman, Brawner & Co., and Y. E. Booker & Co. The Southeastern group comprises the States of Maryland, Virginia, West Virginia, North Caroiina, South Carolina and the District of Colum- bia. Y. E. Booker. Phone Directors Elected. John Saul and Harry L. Rust, jr., were elected directors in the Chesa- peake & Potomac Telephone Co. at | a meeting of the board yesterday, President Lloyd B. Wilson announced today. Mr. Rust is treasurer of the H. L. Rust Co. and a director of the Wash- ington Title Co., Acacia Mutual Life Association and the Security Storage Co. He is a graduate of Lehigh Uni- versity. Mr. Saul is president of B. F. Saul | Co. and a director of the American Security & Trust Co. and president | of the Washington Board of Trade. | He is a graduate of Georgetown Uni- versity and received his A. B. degree | in the class of 1918 and his M. A. degree in the class of 1920. Other directors of the telephone company are W. W. Everett, Robert V. Fleming, Edwin C. Graham, Gilbert Grosvenor, John Poole, Merle Thorpe, Philip O. Coffin, Marshal D. Sedam and L. B. Wilson of Washingten and Eugene S. Wilson, New York. Changes in Tax Laws Explained. Harrison & Keech, New York Stock Exchange firm, with offices on | Fifteenth street, is distributing a | most interesting and useful pamphle!‘ on “Taxation and Investments Under | the Revenue Act of 1935." The folder | explains the principal changes in gift tax rates, estate, individual surtax, corporation income, intercorporate dividends, charitable contributions, in=- tercorporate liquidations, capital stock, excess profits and personal holding companies. Definitions of the various taxable classifications. and the rules govern- ing Federal and State and inheritance taxes are included and‘the pamphlet devotes a good deal of space to meth- ods of computation. A vast amount | of other important tax information has been included. The brokerage firm also presean complete tables on the computatmn‘ of income taxes, on Federal estate | taxes, on New York estate taxes and | one covering the Federal gift tax. Still another table shows the return | that must be obtained to cover the | Federal income tax and leave the fame net return that would be ob- | tained from tax-exempt bonds. Collections Holding Up Well. | Collections in Washington depart- | ment stores in August show that 26.5 per cent of all bilis due at the begin- | ning of the month were paid. This is | exactly the same as the average per- | centage collection in the whole fifth district. the Reserve Bank of Rich- mond reported today. Both Richmond | and Baltimore did a little better than ‘Washington. Stocks of goods in Washington stores were turned 37-100th times in August and 2.84 times in the first eight months of the present year. This was the| best eight months’ activity of any city in the district. The average for the dgire district was 2.55 times, the re- | port says. Stocks on hand in Washington de- partment stores at the end of August were 6.1 per cent higher than at the end of July. Stocks of goods were a bit lower than at the end of the same month last year. As previously noted, trade in de- partment stores here in August was 17.7 per cent higher than a year ago | and 14.3 per cent better in the first eight months this year than last. Columbia Bank Votes Dividend. Directors of the Columbia National Benk declared a quarterly dividend of £150 per share at a meeting held | yesterday, President Frank J. Stryker announced today. The dividend is payable October 1 to stockholders of record September 30. | Net railway operating income of the | Baltimore & Ohio Railroad in Augus: | totaled $2.229.703. against $2,149.457 | in August, 1934 a gain of $150,246, it | was announced today. Net for the first eight months of 1935 is $1,067,223 | under last year's total. Capital Transit stock opened busi- ness on the Washington Stock Ex- change today with a sale of 100 shares at 18, off !y from other recent sales Twenty more shares changed hands | at thre same figure. The stock Plosed with 18 bid. asked, 181;, ' The only other transaction on the exchange today was a 10-share sale | in American Security & Trust Co. stock at 201! a new high mark for the year. The highest previous sale was 200';. The swck sold a few days &go at 19815, Dividends on Riggs National Bank common, American Security & Trust, both Woodward &» Lothrop issues and American Telephone are to be paid in a few days. these stocks now being qQuoted ex-dividend. SANITARY BONDS SOLD. BALTIMORE, September 27 (Spe- eial) —An issue of $400,000 Washing- ton suburban sanitary district of Maryland 4 per cent bonds have been awarded Brown, Harriman & Co. of New York. The bonds were offered yesterday on an approximate 3.90 per cent basis, Prev. 1935 Btock and High. Low. Stocks and dividends. 49 32 Abr& Strauss 11.20. 9% 4% Adams Express. 35'a 28 Adi 14% 8 Addr 14'% 4% Adva 8% 615 AMliated Pro (60c). 152‘-4 1043 Alr Reduction (13). x 1% % Alr-Way Elec Appl. 20% 15% Alaska Jun (160c).. 2% % Alleg Corp (d)... .. 813 2% Alleg pf w§30w (d). T% 2 Alleg pf w$40w (d). 7 1% Alleg of xW (d) ___. 3015 21 Allegheny Stl (1)... 173 125 Allied Chem (8) __ 1275 122'; Allied Chem pf (7). 73, 31 Allled Stores 73% 49 Allied Stores pf (5) 29% 12 Allis Chalmers 71 48'; Amerada Corp (2) .. 41'3 Am Ag Ch(Del)(3). 1313 Am Bank Note - 43 Am Bk Note pf (3).. 38 21 Am Brk Shoe (1)... 146% 110 Am Can (t4) __. 168 151% Am Can pf (7) ... 10 Am Car & Foundry_ 25'; Am Car & Fdry pf. 8 Am Chatn 38 Am Chain pf($1%). 66 AmChicle (13) __. 22'; Am Comel Aleohol... 6'3 Am Crystal Sugar_. 72 AmCrysS 1st pf %% Am Encaustie (d) .. 2 Am & Foreign Pwr_ 14 Am & For Pw $7 pf. #47s Am & For Pw 2d pf_ 814 Am Hawaiian SS8(1) 214 Am Hide & Leather. 17 Am Hide & L pt 29'x Am Home Pr (2.40). 2% Am Ice - 4); Am International__. 9 Am Locomotive __ 32 Am Locomotive pf 18'3; Am Mch & Fv (80c) 44 Am Mch & Metals__ 4'; Am Mch & Met vtc.. 13'; Am Metal - 1'3 Am Power & Light. 8% Am Pw & Lt $5 pf. 10's Am Pw & Lt $6 pf. 10'; Am Radiator 15% Am Roll Mills a30c. 413 Am Seating vic 20 Am Shipbldg (2). %4 31% Am Smelt & Ref 1174 103 AmS&R 6% pf t 144 121 AmS&R 7% pf(T}. 204 12 Am Steel Foundry.. 43 3314 Am Stores (12 70'; 51% Am Sugar (2) 11(\' : 126" Am Sug pf (7 18'; Am Sumat Tob (fl) qi“- Am Tel & Tel (9) 7213 Am Tobacco (5) ... ’N‘. Am Tobacco B (5) . 29's Am Tobacco pf (6). 9 Am Tvpe F pf (). T's Am Water Works __ 48 Am Wat W 1st (6). 473 Am Woolen _ 35'3 Am Woolen pf . S« Am Writ Pap (d)._. 214 Am Writ Pap pf (d) 8 Anaconda Copper__. 107 Anchor Cap (60c) .. 36 Archer Dan M (+1)_ 117 Archer Danpf (7)_. 97 Armour Del pf (7 31 Armour of I1linof 5515 Arm'r(I11)pr pf (6)_ 162 Armstrong Cork 50c 4 Arnold Constable__ 2% Artloom Corp 7'; Asso Drv Goods 807s Asso DG 1st pf(39). 35% Atch To&S Fe (a2). 665% Atch To&S F pf(5) 191 Atlantic Coast Line 213, Atlantic Ref (1) 2 32% Atlas Powder (2) 4 Atlas Tack 15 Auburn Auto 5'y Austin Nichols 22, Aviation Corp(Del) 608 - 57% 3214 65% S P R B O e e T A - L L L L T TS - ® [P [ % 'N 4% 65 26% 18 23 1'; Baldwin Loco (d) 7'; Baldwin Loco pf (d) 7'; Baltimore & Ohlo _. 9'%x Baltimore & Oh pf . ¢ 36'x Bang & Aroos (214) 57 Barnsdall Corp 160¢ 37'; Bayuk Cigar (t1) 72 Beech-Nut P (t3) 11’4 Belding-Hem (1) 117 Bendix Aviation 24 Best & Co (2) 21% Bethlehem Steel __. 55% Beth Steel pf(a1%) 14% Bigelow-San Corp 95 Blaw-Knox 16 Bloomincdale (40c) 28% Blumenthal pf . 6'« Boeing Airplane 295 Bohn Alum &Br (3) 90 Bon Ami (A) (t4) __ 40 Bon Am: (B) (12) 21 Borden Co (160) 28Y Borg-Warner (2) __. &1 Bridgep't Brass 40¢ 24'; Briggs Mfg (2) 23'% Briggs & Strat (3) .. 307 Bristol-Mvers (+2)_ 3612 Bklyn-Man Tr (3) _ 90 Bklvn-Man T pf(6). : 1% Bklvn & Queens ___ 14 Bklyn & Qpf (2) 42 Bklyn Union Gas(5) 3% Brunswick-Balke . 8'« Bucyrus Erfecv pf_ 3% Budd(E GYMIg ... 2'; Budd Wheel ._ f15 Bullard Co 3% Bulova Watch ____. 2 Burns Bro pf (d) . __ 13'% Burr Add Mch(60c) 1 Bush Terminal (d)_ Butte Copper&Zine Butterick Co (d) .__ Byers (A M) of 5] 13 aBa20ou=RuaNoa o~3S~-" 60% 32 4212 3('; California Pkg(1%) 1'x % Callahan Zinc 57« 21 Calumet & Hecla 267 Ti3 Camnbell-Wv a40c_ 16% 8% Can Dry Gin Ale___. 9%, Canadian Paciflc 30 Cannon Mills (2) . 2 32'; Cap Adm pf A (3) 45% Case (J I) Co 8315 Case (J 1) f (4) ___ 3613 Caterpillar Tr (11)- 1914 Celanese Corp. ... 1% Celotex Co (d) 11% Celotex Co pf (d) .. 3550s 6Y% Century Rib Mills . 1 38% Cerro de Pasco (4). 0 33 Certain-teed Prod . 23 ertain-teed Prpf.. 37'< Ches & Ohio (2.80) _ Chi & Grt W pf (d)_ 15% Chi Matl Order (+1) '« Chi Mil StP&P (d). x. Chi M StP&P of (d) “Chi & N W (4) .;‘. Chi& N W pf (d).__ 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf 1% Chi R 1&P 6% pf(d) Chickasha C O (2)_. 31; Childs Co 9 Chile Copper 31 Chrysler Corp (+1). 14 City Ice & Fuel (2). 12% Clark Equip (80¢) .. 275 Clev Graph Br (11). Coca-Cola (8) 25 694 Collins & Alk pf (7) 10*. Colo & South ____.. % Col Gas & Elec. 'fl': ColG&Epf A '.)- 31 ColG&EDpf (5)._. 3415 Colum Pie vte (1) 67 Colum Carbon (4) _ 53 39'5 Comel Credit (233) . 119'; 112 Comel Cred of(5%) 2 56% Comel Inv Tr(t2 80) 97% Comel In T pf(4%). 17% Comel Solv (t80c)... * Comw & Southern_. 29'% Comw & Sou pf (3)_ 27 Congoleum-N(1.60) 7 Consol Cigar 71 ConC pr of ww 6%_ 3% Consol Film 14% Cons Film pf (31%) 15% Consol Gas N Y (1). 72' Consol Gas pf (5) 1% Consol Laundries._.. 65 Consol Ofl (a26e).-... 12 Consol Textile .___ 8% Container Corp (A). 2% Container Corp (B). 4% Cont] Baking (A)... % Contl Baking (B) ... 46% Contl Baking pf (4) 62% Contl Can (2.40) _ 7 Contl Dia F' (a55¢)_. 287% Contl lnsur (11.20). % Contl Motors - 15% Contl O Del l"%c.. % 60% Corn Prod Ref (3)_. 5 149 Corn Prod pf (7)... 6% 44 Coty Inc . 39% 35% Cream of Wh ('I)_ 16% 1i% Crosley Rad (a26e). 7 8 2 21 123 THE EVENING BTAR, WASHINGTON, D. C., FRIDAY, SEPTEMBER 27, 1935. BOOKER ELECTED [TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE[STOKS RREGULAR - o U s e R 10213 +l'1 105 + % 137 - 1 1815 +1 16% — 1 + % n — +1% ++ L+ ++EL 00 LIl ++++0 00 105 105 105 18 12% 85% 6915 67% 50% 18 11% 18 11% - % 85' +1% 69% —2% 66 1% 88% + 50% + llfi% 115% + 66 102% 18% 1% 56% 37 8% % l'h 56% 36 8% s 43 16% 26% 929 3% % T 12% 5 Th 1% 574 86% 13% 19% 62 13% 124% 67 + mzu 102% 187 1% 561 + 37 + 8% 7% + 4% + lfl‘é 7% 13% +1% 231 Crown C&S (1) .. 43% Crown C&S pf(3.70) 315 Crown Zelleb'k vto. 14 Crucible Steel... Cuba Co 39% Cudahy Pkg (2 'L)_. 2% 15 Curtis Publishing.. 895 Curtis Pub pf (7). 2 Curties Wright. ... 6% Curtiss Wright (A) 16 Cutler Hammer.... x 40% 261 Diamond Mtch $1%. 344 Dome Mines (+2 17 Douglas Alr 2 Dunhil Internatl.. 12% Duplan Silk (1).c.. £63% Du Pont (13.60) ... 131 126% Du Pont deb (6).... 8 3% Eastern Roll M1l 161 110% Eastman Kod (1! 29 16% Eaton Mfg (1) ._. 32% 19% Elec Auto L (a30¢). 113% 107 Elec Auto L pf (7). 1 37 Electric Boat .o.. 5% Elec & Mus Ind___. 1% ElecPw&Lt ... 25 Elec Pw & Lt $6 pf_ 3 Elec Pw & Lt $7 pf. 39 Elec Stor Bat (21). % Elk Horn Coal (). 1% " Elk HornCpf (d).. 132 125% Endicott-Joh of(7). 41 14 EngPubSves$5pf.. 42 15': Eng Pub Sve $6 nf_. 4': Equit Office Bldg. TAErfeRR. — 81; Erle RR1stpf . 10% Eureka Vae C (30e). 15 Evans Produets(1)_ 2 Exchange Buffet . —_— 9% 4 FairbanksCopf.... 17 Fairbanks Morse. 5% Fed Lt & Tr o 3% Fed Motor T (a10c). s Fed Water Sve (A). 2813 Fid Ph F In (+1.20)_ 13' Firestone (40c) 84'3 Firestone pf A (§)_. 45% First Nat Strs (23) 8 20% Food Machine (1). £ 97 Foster- Wheeler 17% Freeport-Texas (1). 15 Fuller Coprof. . __. 7 Gamewell Co 32% Gen Am Trai 11% Gen Asphalt . 7% Gen Baking (60¢) ... 5% Gen Bronze 4 GenCable (A)._.__ 50 Gen Ciear (+4) ____ 143 127! Gen Cigar pf (1) . 35 2013 Gen Eleetric (30c)_. 30 Gen Foods (1.80) ... ' Gen Gas & El (A) ... 5974 Gen Mills (3) 26% Gen Motors ($2).__ 17% Gen Print Ink(1.60) 15% Gen Ry Signal (1) . %, Gen Realty & Uti] 143, Gen Real & U pf ww 16% Gen Refractories _ 14 Gen St] Casting pf . 12 Gillett Saf Ras (1) 70'2 Gillett Saf R pf (5). 21a Gimbel Bros 18 Gimbel Bros 23% Glidden Co (*1) ___ 1'x Gobel (Adolf) (d).. 14% Gold Dust (1.20) 713 Goodrich (BF).. .. 70 Goodyear $7 pf (4)- 2'3 Gotham Silk Hot 1'4 Graham-Paig 5% Granby Consol 14°« Grand Unpf (1%) .. 1814 Granite Citv Stl (1) 24% Granite City Srcts. 26 Grant (W T)(t1)_. 9% Grt Northernpf . 9% Grt North Ore (50c) 32% 26% Grt West Sug (2.40) 62'% 20'; Greyhound Corp 2% 1 Guantanamo Sugar. 26 6 Gulf Mobile & N pf 4 Hall W F Printing 63 Hamilton Watch pt 16 Harbison Walk (1)_ 99%, Harbison W pf (). 52 Hat Corp of Amer__ 1% Hayes Bodv 11 Hercules Motor (1). 71 Hercules Pw (13) _ 104 Hershey Ch pf (t4). 5% Holland Furnace 6%« Holland & Son (50¢) 307 Hond-Hersh (25) A 613 H'daille-Hers B(1). 1's Houston Of] (new)_ 43 Howe Sound (%3) __. 2% Hudson & Manh: 6'3 Hudson & Man pf. 6% Hudson Motor Car. * Hupp Motors 29% 29" 243 381 131 118 18 11 42 2314 913 Illinols Central 15 [linois Central pf_. 40 [11 Cent Ise lines(4) 2'% Indian Refining __ 2315 Indus Rayon (1.68). 603 Inzersoll-Rand (2). 46% Inland Steel (13)___ 2! Inspiration Copper.. 8% Interboro R T (d) .. 1'; Irtercont] Rubber.. 4'% Interlake Iron __.. 23% Int Agricultural ... 26 Int Agricul prpf. .. 149'% Int Bus Mach (+6) . 3% Int Car’rs Ltd (20¢) 227 Int Cement (1) 34’4 Int Harvester 60e) 1% Int Hydro Elec (A). 17 Int Merch Marine _ 22% Int Nick Can) (30e 112 Int Paper & Pw (A). *. Int Paper & Pw (C). 4'; Int Paver & Pw nf _ 21'; Int Print Ink(1.40). 9% Int RvCAof .. 42% Int Shoe (2) 16 Int Silver —— 6015 Tnt Silver pf (4) .- 5% Int Tel & Tel /% [nterstate Dept St._. 25 Island Creek C (2) —_— . 7'z 38'3 Johns-Manv (a50c) 84% 50 Jones&Laugh?%pf 13'; 6% Kans City South pf._ 18% 713 Kaufmann Dsune) 22% 15% Kayser(J)&Co ad%0¢c 24% 6 Kelsev-Haves (A).. 22% 3% Keolsey-Hi (B)_. 18% 10% Kelvinator (t50¢).. 26'% 13% Kennecott C (60¢) 38 23 Kinney (G R) Copf. 27 19% Kresge (S S) (1) 32% 22Y% Kroger G&B (1.60) 22 LambertCo (2) ___ 813 Lee Rub&Tire (50e) 5% Lehigh Val Coal pf. 5 Lehigh Valley R R.. 67'4« Lehman C (12.40) .. 107 Lehn & Fink (134).. 6% Libby McNeill & L._ 21'; Lib-O-Ford G1(1.20) 93% Ligg & Myers (t4)B 13% Lima Locomotive._. 17% Link Belt (80c) ... 24% Liquid Carb (t1)... 31% Loew’s In¢ (2) cauee 1 Loft Inc ) 1% Long Bell Lum (A). 41% 33 Loose-Wiles (2) 130 119% Loose-Wiles pf (7). 26'% 18's Lorillard P (+1.20). 1% 3 La Of] Ref (4) 14'2 4% La Oil Ref pf (d) . 22% 10% Louisv G&EpfA 1 % 47" 34 Louis&Nash(a2y) 26 12% Ludium Steel 135 90% Ludlum Stl of (6% ) 35% 28 McCall Corp (2) 13 7% MeCrory Stores (d). 6% McCrory Strs B (d). 36% Melntyre Poreu (2) 90 McKeesport T P (4) 5% McKesson & Rob 32 McKesson & Rob pf 8% McLellan Stores. . . 85% McLellan Stores pf. 18% Mack Truck (1).._. 30% Mecy (R H)& Co(2) 18% Magma Copper (2). x 3 Mandel Bros. ... 29 Man Elev gtd (d) .. 13% Man El md gtd (d)_ 5% Marine Midld (40c). 1 Market St Ry 2d pf_ 3% Market St Ry pr pf- 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(13%) T 23% 3 fi‘n 4”"0 187 '3 33 82% Maytag xw (33%)-. 8% 2 6% 15 40% 4 36% IM- 14 15% 15% — 4 101% 10| 101 + 6 38% 38% 38% + 2 40'; 40% 40'%: + 25 31% 30% 30% — 1 4% 4% 4% - 116 16 16 14 127% 126% 127% + 2130 129% 130 + 3 6 61 61 4 156% 155% 155% 9 28% 27% 39 31 30% 80% 60s 111 111 111 51 9 9% 6% 35 24% 22% 44 26% 25% 3 AT 4% 3 bl % 1 1% 1% 10s 129 129 353 42 6 113 14'; 128 18% 0 - 36% + TR PPN 24% 9% 398 6 17% 15 11% 4 Ta 1 134 2 56% 20- 142 33‘1 21 2 o s S - - I3 Bl I LT TP PN P 12 708 1 15 31 4 31% 20 ddn % 1% 3 3 @ 74 3Ty 3T 108 119% usu 119% 17 25% 26% 5 s 130_. T T 1 19% 19% T 4415 4 15 25% 24% 1130 130 2 31% 31% 16 11% 10% 5 10% 37 121 18 44% 40 44% +3% 12% 12 12% + % lOl !01% wm 101% 22% ELE RE FEESP ® &F ™% 191 44 25 130 Prev. 1935 High, Low, Ml.l and amm nll'llllo Shoe (2%). el 24% Mesta Machine (3)- 2% Miami Copper. 9% Mid-Cont Pet(al6c) 8% Midland Steel Prod. 60% Midl'd Stl 1st pf(8). 58 Minn Hon R (13)._. 3% Minn Moline Pw___. 31 Minn Moline Pw pf. % M St P&S S Marie.. 2% Mo Kans & Texas__. 5% Mo Kans & Tex pf.. 2y 6% 4% 3 4 20% 84 37% 55 Monsanto Chem(t1) 21% Montgomery Ward.. 114 % Mother Lode _43% 17'% Motor Products ). T13% 7' Motor Wheel (60c) - 70 62 Mullins Mfgpf ___. 19% 13% Munsingwear Inc... 17% 4% Murray Corp...... 11 Nash Motors (1) 4% Nat Acme COmen.. 6% Nat Aviation._. 22% Nat Biscuit (1.60. 13% Nat Cash Rg A(50¢c)x 12% Nat Dairy Pr (1.20) 1% Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 28 23% Nat Distillers (2) 115 1fl5 145 Nat Lead (5)___ "‘i 4% Nat Pw & Lt (80c)_ 15 Nat Ry Mex 1st pi 'I'l'i 40% Nat Steel (11) 20’ 9 Nat Supply Co 77% 386 Nat Supply Co pf... 11% 8% Nat Tea (60c) 7v; Natomas Co (80c) .. 21% Neisner Bros (t1) . 4315 Newberry J J(1.60). 4% Newport Industries 12% NYCentral RR . 6 N Y Chicago & St L. 9% NYChi&StLopf. _ 139 112 NY & Harlem (5).. % % NY Investors (d)._ 813 273 NY N H & Hartford 16% 6 NYNH & Hartf pf. ' NYRwyspf (). 6',. N Y Shipbuilding N Y Shipbuild'g pf_. N Y Steam pf (6) North Am Aviation_ 9 North Amer Co (1) 57 North Am Ed pt (6) 13's Northern Pacific __ 2 164 87 925 4% 24% 9% 217 69 2 14'% 21% 121 8'3 22 17% 914 Ohio O1l (a18e) 16% Oliv Farm Bq(new) 313 Omnibus Corp vte _ 4% Oppenhetm Collins 11'a Otis Elevator (60c) x 4% Otis Steel .___ e 84)3 22% Otis Steel pr pf 104 80 Owens-Ill Gla: —_— 14 Pac-Amer Fisheries 3! Pacific Coast 1st ___ 13'% PaciticG& E (1%) x 19 Pacific Ltg (2.40).. 12 Pacific Mills - 6% Pac Wn Oil (b40c)... 3)3 Packard Motors 8 Param’t Pic (new)_. 84 Param’t Picist pf__ 9'¢ Param’t Pic 2d pf 2! Park Utah % Parmelee Transp 5 Pathe Film Corp- 81 Patino Mines 64'; Penick & Ford (3)_. 571 Penney J C (2) 2'4 Penn Coal & Coke 3 Penn Dixie Cement 17% Penn Railroad(50c) 30 PeoplesDS (11). 17% Peoples Gas Chi 14 Pet Milk (1) 7% Petrol Corp _ 13 Pfeiffer Brew 12% Phelps Dodge(a2sc) 23 Phila Co 6% pf (3) 381 Phila Co pf (6) new 1% Phila & Read C&l._ 35'% Philip Morris (1) .. 13% Phillips Petrol (1)_ 31 Pillsbury Fi (1.60)_ 5'3 Pitts Screw & Bolt_. 1 Pittston Co 6'; Plymouth Oil_. 615 Poor & Co (B) 4% Postal Tel&C 42% Proc & Gamble 1113 20% Pub Sve N J (2.40) 627 Pub Sve N J pf (5)_. 73 PubSve NJ of (6)_ 31's Pullman, Inc (1'2) 57 Pure O1l 49% Pure Oil 8% D!. 8% Purity Bakeries (1) 4 Radlo Corporation .. 50 RadioC'ppfA (3%) 35% Radio Corppf B _. 1% Radio-Keith-Or (d) 16%; Raybestos-Man (1) 33 Reading 2d pf (2) - 314 Real Silk Hosiery._. 20 Real Silk Hose pf__ 7 Remington-Rand 21% Remington-R pr pf.. 2% Reo Motor Car_. 9 Republic Steel 28% Republic Steel pf _. 82 Republic Steel (A)- 512 Revere Copper 75 RevereC& Bpf_ ... 1775 Reynolds Metals (1 121 Reyn'lds Spring(1). 55' Reynolds Tob (3) _ 43« Reynolds Tob B (3) 5'4s Ritter Dental . _— 46 323 Safeway Stores (2). 114’3110 Safeway Strs pf (7) 22% 10% St Joseph Ld (40c) - > 1, St L-San Fran (d)-. 12 6 Savage Arms__ 39% 22 Schenley Distillers. 4 1% Schuite Retali Strs 20 % 1% 357 47 4 Seaboard Air L (d). % Seaboard A L pf(d). 20% Seab’d O Del (160¢c) 3 Seagrave Corp 31 Sears Roeb’k(aT! 40 Sec Nat Invof $2%. 7% Servel Inc (50c) £ 9 Sharon Steel Hoop... 3% Sharp & Dohme____ 43 Sharp& Dpf (3%2). 7% Shattuck (F G) (25¢) 5'78hell Union Ol . __ 63'x Shell Union Oil pf__ 8% Sliver King C(40c).. 6 Simmons Co 5 Simms Pet (a50c) 613 Skelly O11 15% Snider Packing . 21% S e P8O PO, I3 1 4 508 BRBo AN 9 aSw® Ol a = 0m e S s 20s 9 7 15 9 58 41 1 51 9 o » rrrwaaranElanuEluremSamRed: o 1 97 4 8 Schulte Re Strs pf. 1130s et | Zrev.1888 High. Low. Close. Chee®. Low. 541 b4% lsu 5% 6% 28% 39% 39% 23% 3% 34% 21% 5% Bl 16% 10% 10% 20% 23% 23 94 110 110 110 102 102 102 4% 4% 4% 53% 1% 20 Sou Por: 3% Sparks- 12! Stand B 8% Stooks and divigenda 10% Secony-Vae (30c) 10% South Cal Ed (1%). 12% Southern Pacific_ ... 5% Southern Railway. 7 Southern Rwy 594; Spang Chalf pf $3% 32 Spencer Kell (1.60). 7% Sperry vte (a2bc) 33% Spicer Mfg pf (3} _. 43% Spiegel-May-Stern. 24 Stand Com Tobacco. 13 Stand Gas & Elec... 1% Stand G & E $4 pf. FINANCI High. Low. Close. ch.. 11% 114 11% - % 24% 24% 24% + W% 21% 21% 21% — % 19 + % 9%~ Y 12% + % 86 -1 4% + % 33% + W 12% 44 — 1y 6714 13% — 4 a—-% 2% =1% 3% —2%, 54 to R Sug(2) 2 of . ‘Withington. rands (30¢). 4% Stand G& E 36 pf. 6 StandG&E $7pf.. 7 Stand Inv Corp... 27% Stand Ofl of Cal (1). 23 Stand Oil of Ind (1) 35% Stand Ol N J (11)_. 1215 Starrett (L 8) (1) 58% Sterling Prod (3.80) t-Warner___ 2! Stone & Webster_.. 2Y Studebaker Corp... 60'3 Sun Oil 115% Sun Oil (11)__ ot (6) 18'5 Sutherl’d Pap t60e_. 5% 19% s 3% Sweets Coof Am 14% Swift & Co (t60e) - % Symington (d) - 1% Symington (A)(d) .. — 9% 6 23% 36% 88 1213 35 5 264 4 Tennes: 6% Telautograph (60¢) see Corp. 16'3 Texas Corp (1) 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Oil. 8'3 Tex Pac Land Trust 13% Thatcher (1) - 2 Third Avenue 16 Third Nat In (ade) 13% Thompson Products 1% Thompson Starrett. T% Tide W at Asso Oil .. 84 Tide Wat A O pf(6). 4% Timken-Detroit ... 28% Timken R B (11)___ 4% Transamerica(30¢). 7% Trans & Westn Air_ 5! Transu. 1% Tri-Contl Corp e&Williams. 41 Truax-Tra Coal 313 Truscon Steel 20th Century Fox. 13 24% 20th Cel 213 Twin C! 18 Twin C! 1's Ulen & 53% Und-El 44 UnCarl 14% Un ON1 8215 7913 9’. United 2 United 20% United 113 United 46 United 1'; United 20% United 8% United 4'; United 3'¢ United 65 United 9'¢ United 2'« United 5 1 40'; U S Gy 5 3 92 U m 3% U S Ste 312 United 46 United 29 Union Bag&Pap (2) & ntury Fox pf % ’n ity RT - 2 4 ity RT o Co 1-Fisher (2). 1 b & C (1.60) - a9 of Cal (1)... Un Pacf Un Pac! ific (6) ____. 9 99 + | ific pf (4) ’s Un Tank Car (1.2 Atreraft____ Afr Line vte 9 9 . Bisc (1.60)_. Iy Bise pf (7) . Carbon 2.40. Corp Corppf (3).. Drug Dyewood ... Elec Coal.. Fruit (3)___ Gas Imp (1) Paperb'd (d) » U'S Distributing U8 Distributing pt 1490 U S Freight (1) ___ psum (t1) U S Hoffman .. 35‘5 U S Ind Alcohol 12) T'3 US Leather A vte_. 53 U S Leath pr pf vte 14% U S Pipe & F (50¢c) x U S Realty & Imp 9's U S Rubber 24'3 U7 S Rubber 1st pf _ 12 e & Ref (a8) 271 U S Steel . el pf (2)_ Stores (A) Stores pf___ 1 Univ Pipe & Rad . 9'3 Univ Pipe & Rad pf 1 Utll Pw & Lt (A) —— 's Vadsco 11% Vanad) Sales Corp.. um Corp 1'¢ Van Raalte (a25¢) §1 van Ral 11st pf (7) 34 Vick Chem (12)_ 2'3 Va-Car 173 Va-Car 114 205 34 West P: 397a West P; 104'; West Pa Pwr pf (7) 1's Wester: 2%, Wester! 20% Wester! 325 Westin 10 16% Westva 1312 37 Wilson &8 Wilson 51 25's Worth 17% Yale & 62 2% Yellow 76 31'; Yellow 38! 28'2 13 5% % :" | Approximl(e Sales Dividend rates | deciarations lus extra ast year reorzanized 1, Accumu. 72'; Va El & Pw pf (6) 36 West Pa Elec pf (6) 5'3 Western Maryland . 18 West'gh', 67a White Motor __ 18 Young Spr& W (2). Youngstown S& T. 1% Zenith Radio. 2% Zonite Product: Rights Expire. « Budd Mfg. 11:00 AM...... 1:00 P.M.. . Total sales for the day. 1,120, 000 cash payments based on the s Unit of tradin d Companies x Ex dividend. Chemical _ Chem 6% pt 208 4's Waldorf Sys (50e) _. 1 26'¢ Walgreen Co (1.48 Walgreen pf (8% )_. 2'¢ Warner Bros Pic.. 2'3 Warren Bros 7’ Warren Broscvpf_. 1 Warren Fdry&P 1 303 Wesson O&S (150c) 21 108 44 16 13 6 130s 30s a Elec of (7) 140s 30s 4 2 a Elec (7)A n Pacific (d). n Pac pf (d). n Union____ A Bb0e x ghse El a50c. Weston Elec Inst__ co Chi “40¢c) White Rk M S(1.40) 14 White Sewing Mch. & Co (50c) .. & Co pf (6). Woolworth (2.40) . Pump pf A 3% Wrigley W jr (13)_. Towne (60¢) Truck. ... Truck pf _ 1 25% + W 5 36 et % -Apr. 16 7 LR of Stocks on the N. Y. Stock Exchange. | 300900 12:00 Noon..... 490,000 670,000 2:00 P.M .. 870,000 43 given n the above table are the latest quarterly or hlllwsr; less than 100 td dividends ‘s Paie reported in t Annua) rate— a Paid this year b Pald receivership or being INSURANCE STOCKS NEW YORK. September 27 York Security Dealers’ Association: Aetna Cas (2'za) Aetra Fire (1.60) Aetna Lite (.6 Agricultural Tns N Great Kmer i) Halifax (.90) _ Hanover (1.60) Hartford Fire Pire Sec T 1 U Paul Fire (7724 gnrlnlneld “%) _ Travelers (16) U 8 Pire (1.60 Westehester (1 a—Including extra. P).—New &—Declared or paid so far this year. FOREIGN MARKETS. By the Associated Press. LONDON.—' Yerl pending miernation the Stock Ex Y. lrlthh Vi m“n" British sovernment stocks and rln.l-AHumc mun today the month-end i hea: tors marking tim ents, bus xChanes wan qulgtfi qn profit taking. whiie Reid nuq and other o] hal tes. Tdustrial Tha' internationsl hne: dropring. due t'o lquidal closing ‘The Washington produce market summary, including egg and live pow- try prices, furnished by the Depart- ment of Agriculture, follows: s BUTTER—One-pound prints (9 score). -pound prints 190 score), I-pound prints (89 score). 0aii: strip compounds. 13" LIVE STOCK medium, 11.50a11 Government ed an: eggs (including grading and marketing costs); U. extray, laree U. §. extras, mediums, 35'2; U. 8. ards. large. 36%2 LIVE POULTRY—Market unchanged. ' Fowl: Colored. steady: ¢ Torkey Rh";u’z‘lmun d 13 1 ing_ turkeys, weighis 55, Ghiinen ‘fowl. youns. 10a1.00'% ai U. S. TREASURY POSITION. By the Associated Press. of the Treasury on Sep in 204.85 of emergency expenditures of expenditu; !l 5.646.810. gebt, $20,434.4480 decrense. of %o ;evlolu da.. mbe! Darable” date an veun res. $80. .588.68; net balance. e AL cutoms recelpts {0 me . Recelpts for the fiscal year, $025.000.- vendicur=:. S1ASH, stand- | Ge: 3750 0 on | & DIVIDENDS ANNOUNCED NEW YORK. September 27 ends g;“'"“ (prepared by Standard suusms Extra. Bate Pea Stk of Pay- i o Musica 1na] Rate. riod. record. abie. .. mer 2% [ Blec, & My uum-f x{fau s | eniliips Beiroteum R ;'hmonfl Insur. o % — o= 3 ] 10-11 11-1 1 56! 2o Resumed. $7 Alabama F & Iron_. Bandini Petroleum _ Br-Form Dist $6 pf_1 Case Lock&Bral $4 Cherry-Bur Co: | Bl Elec & Musical fnfus Lid Elec d& Muslcll lndu.s Tta ™ ex £ Inv Mtg & Guar Leh&Wiikes-B Cor Liquid_Carbonic Corp. Mass_Invest Trust Svrm:xuld M - | Telautograph™ Thatcher Mg conv pf.. Doc 000 DDOOOOOOD. POOOOD' + PHILADELPHIA PRODUCE. PHILADELPHIA. Sebtember 27 () Eegs 03850 irreguiar: supplics libe trading dull. ul..l. andards. Nos. 1 1 and ai UGS edtums. standaras . United Electric Coal Co.’s deficit. year ended July 31, was $52,515, vs. deficit of §127,457. 3! u i1| they were at a new high mark since B 1011s; AL AT END OF SESSION Interest Turns to Specialty Issues, While Others | WMove Uncertainly. STOCK AVERAGES 5 Xndul Rall Vi sts. Net change. +.2 Un : Un 494 ‘Today, close. 67.5 258 Prev. day.. 673 258 494 Month ago. 64.7 25.0 417 Year ago... 49.6 26.1 38.4 1935 high.. 68.8 27.6 50.9 1935 low.... 49.5 185 348 1934 high_.. 614 430 406 514 1934 low.... 45.3 228 242 349 1932 low.., 175 8.7 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low.. 516 953 618 618 (Compiled by the Associated Press.) 36.9 371 362 282 39.3 21.6 BY VICTOR EUBANK, Asscciated Press Pinancial Writer. NEW YORK, September ‘27.—The stock market gave most of its 7 attention to specialties today as y of the recent leaders milled about | indifferently. | Gains of 1 to 3 or more points wera scored by various favorites, but there were a number of soft spots in evi- dence. The close was irregular. Trans- fers approximated 1,150,000 shares. Speculative forces watched the European situation without displaying | too much gloom. Domestic trade re- | ports were fairly cheerful. Freight car loadings for the past week were |up slightly less than seasonal, but Ld | November 3. 1931. | The market was not particularly unsettled by losses of 2 to around 5 points suffered by stocks of Standard Gas & Electric following the com« | pany’s petition for reorganization | under the bankruptcy law Wheat gave up part of its morning’s gains of a cent or more a bushel and | corn was heavy under realizing. Cot- !ton was listless. Bonds were moder ately mixed. Foreign exchanges wereq quiet. Shares of Coca-Cola. Philip Morris | McKesson & Robbins preferred, Celo- tex preferred and Greyhound Corp got up 2 to 3 or more points. Gainer: of fractions to about a point includec Chrysler, Glidden. Radio preferred B Union Pacific, National Distillers Schenley, Consolidated Gas and Amer. ican Tobacco B Among issues unchanged to a shade higher or lower were U. S. Steel American Telephone, New York Cen. tral. Santa Fe. North American, In. land Steel, Bethlehem, Sears Roeouck, Kennecott, American Smelting, Can. ada Dry. General Electric. Pullman Phillips Porrnleum and Standard Oif of New Jers Chicago Grain By the Associated Press. CHICAGO, September 27.—Tumbles of corn values took the corn markel down more than 2 cents at times to- day and led to late setbacks of whea! prices, Unfulfillment of corn crop frosi damage suggestions did much te | weaken the corn market. Anothe: bearish factor was late reports indi. cating likelihood of rains in Argen. | tina relieving prolonged drought. Corn closed unsettled at the same as yesterday's finish to 114 lower, De-. cember, 58'.-5g, wheat unchanged tc 3g higher. December 98',4-34: oats !4+ 1,0ff, and provisions unchanged tc 35 cents down. S WHEAT— Oven (Hish. Low Close. ~ | Mav 174 BELLIES Sent. 1825 1822 ! Chlca‘o Cash Market, Cash wheat, No. 2 red garlicky No. 3 mixed, 1.01; corn, No ;1 mixed, 85: No. 2 yellow, 85a85!,; | oats, No. 2 white, 34',: sample grade, 27',a29; mno rye, buckwheat. oy beans; barley. nominal; feed, 32a48;"Y ‘malung, 50a75; timothy seed. 2.50a73 - hundredweight; clover seed, 11.50a 116.00 hundredweight Liverpool Grain Prices. RPOOL. September 27 (7 —Wheat | futures closed steady. ! High. Low. Close. close. | October __:__ 078, 663, o NeiTy December . L3, 207y O1'a March NNTy N7 [ | Exchanee. 4.90%, Prevoius mber Vinter. gariicky. red | 92 September. | INVESTING COMPANIES | ? NEW YORK. September . —New | York Security Dealers Association: | (Closing quotations.) 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