Evening Star Newspaper, October 3, 1935, Page 18

A—18 #¥# FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, OCTOBER 3, -1935. BANK LOWS P [TRANSACTIONS ON THE NEW.YORK STOCK EXCHANGE[STOS TURNDULL By private wire direet to The Star. 2:30 p.m. 2:30 p.m. 2:30 p.m. 2:30 p.m. Prev. 1035 Stock and Bales— Net. | Prev. 1035 Btock and Bales— Net. Prev. 1035 Btock and Sales— Net. Prev. 1035 Stockand Sales— Net. | High. Low. Dividend Rate. Add 00. High. Low. Close.Chge. | High. Low Dividend Rate. _Add 00. High. Low. Close.Chge. | High. Low. Dividend Rate. Add 00. m.n Low. Close.Chge. High. Low. Dividend Rate, Add 00. . Low. Close.Chge. | 47% 43% Crown C&S pf(3.70) 46 46 46 + % | bl 30% Macy (R H)& Co(l) 4% 4T% + % 3% Sharp & Dohm A A% - % 9% 4% Adams Express. 9 n 6 T+ W| 28 28% 23% 23% 8:":' 43 Sharp & Dpf (3%)._ 3% - % 35'% 28 Adams Millls (2)._. 32% 33 +1 1% < N M IM+N T% Shattuck(F G) (25¢) 8, 14% 8 Addressog'h (60c).. 1314 8% 4 5% 5% 6% - % 5'4 Shell Unfon Of1 ___. 8% FINANCIAL., - Total at Richmond Reserve Increased $1,018,000 in Four Weeks. BY EDWARD C. STONE. During the four weeks between Au- gust 14 and September 11 the 28 re- porting banks in 10 leading cities in the fifth Federal Reserve district increased their loans with the Reserve Bank of Richmond by $1,018,000, de- tails from the monthly review received here today show. Loans on stocks and bonds rose by $365,000, while all other loans rose $653,000, the report says. The reporting banks decreased their investments in securities by $6,216,000 between August 14 and September 11. Aggregate reserve balances of the 28 banks at the Federal Reserve Bank rose by $18,585,000 during the month, and cash in vaults increased by $1,- 825,000. Demand deposits rose by $10,284,000, but there was a small decline in time deposits amounting to $598,000. The banks built up their reserve balances at the Federal Reserve Bank by $19,916,000 during the past year, and also increased their investments in securities, chiefly Governments, by $12,532,000. Cash in vaults rose by $692,000. Aggregate deposits increased $23,333,000 between the middle of Sep- tember last year and this, demand de- posits gaining $20,790,000 and time de- posits $2,543,000. Deposits Above 1934 Mark. Time deposits in 28 member banks and aggregate deposits in 11 mutual savings banks totaled $337,817,077 at the end of August, 1935, a lower figure than $338,243,382 reported at the end of July this year, but an increase over $327,095,161 at the end of August, 1934. Mutual savings bank deposits increased while time deposits in the reporting member banks decreased, but both groups of banks showed increases in time and savings deposits for the year, today's report states. Aggregate debits in the reporting cities declined $25,313,000, or 2.9 per cent, in the latest four weeks, com- pared with figures for the preceding like period, only 11 of the 23 cities showing higher figures. The cities re- porting increased debits last month were Asheville, Durham, Greensboro and Wilmington, N. C.; Charleston and Greenville, S. C.; Danville, New- port News, Richmond and Roanoke, Va., and Huntington, W. Va. In comparison with debits to indi- | vidual accounts figures for the four weeks ended September 12, 1934, the figures reported for the corresponding period this year show an increase of | $84,260,000, or 10.9 per cent. Twenty of the 23 cities reported higher figures for the 1935 period, the three cities which failed to gain being Charleston, W. Va.; Durham, N. C., and Norfolk, Va., the review adds. Building Gains Revealed. Building permits issued in August in 31 leading cities of the fifth reserve district numbered 2,628, compared Wwith 2,123 permits issued in August, 1934, an increase of 23.8 per cent this year, and estimated valuation figures for last month totaled $4,570,329, an increase of 39.8 per cent in compari- son with valuation figures totaling $3,268,252 in August last year. ‘Twenty-six of the 31 cities showed higher valuation figures for the 1935 month. All of the five largest cities, Baltimore, Washington, Richmond, Norfolk and Charlotte, increased. High Point, N. C,, and Clarksburg, W. Va., | made the best records in estimated valuation figures in August, 1935, pop- ulation ot reporting cities being taken into consideration. Contracts awarded in August for construction work in the fifth district, including both rural and urban proj- | ects, totaled $23,273,287, compared | with $12,110,714 awarded in August, 1934. Of the awards in August this 14% 414 Advance Rumely . _. 8% 614 Afiliated Pro (60c). 1524 104% Alr Reduction (13)_ 20’ 15% Alaska Jun (160¢).. 2% % Alleg Corp (d) ..o 7 1% Alleg pf xw (d) ... 30% 21 Allegheny Stl (1) 173 125 Allied Chem (8)___. 78 314 Allled Stores. 49 Allfed Stores pf (5). 12 Allis Chalmers. _. 483 Amerada Corp (2) _. 41% Am Ag Ch(Del)(3). 13} Am Bank Note . ... 21 Am Brk Shoe (1) 146% 110 Am Can (t4) . ___. 25% 10 Am Car & Foundry.. 57% 25% Am Car & Fdry pf-. 22 8 Am Chain e 33% 22'3 Am Comcl Alcohol_. 1% 6l Am Crystal Sugar.. 86 72 AmCrysS1stpf6. 3 % Am Encaustic (d)_. 8% 2% Am European Sec__ 2 Am & Foreign Pwr_ 12 Am & For Pw $6 pf. 14 Agn & For Pw 87 pt.. 3% Am & For Pw 2d pf_ 8% Am Hawalian SS(1) 2% Am Hide & Leather. 17 AmHide&Lpf . 29% Am Home Pr (2.40). 2% Am Ice 18 AmIcepf2)_ 43 Am International 1% Am La Fran pf (d)_ 9 Am Locomotive 32 Am Locomotive pt._. 1814 Am Mch & F'y (80¢) 4% Am Mch & Metals__ 9% 4'; Am Mch & Met vte_. 24% 13'; Am Metal _________ 9% 1% Am Power & Light_ 41'; 8% Am Pw & Lt $5 pt 451 101 Am Pw & Lt 36 pf. 18% 10% Am Radiator = 27% 15% Am Roll Mills a30c. 95% 66 Am Safety Raz (5). 14% 413 Am Seating vte____. 26% 20 Am Shipbldg (2) . 51% 31% Am Sm&Refining. 144 121 Am Sm&Ref pf (7)- 76 63 Am Snuff (13) _ 143 125 Am Snuff pf (6) 20% 12 Am Steel Foundry _ 106 88 Am Stl Fdry pf (2). Y - RenvwaBoBavel8uanss ZroT Sanmal o - et £S 0 00 0e B Am Sugar( 2) um, 1263 Am Sug pt (7) 1812 Am Sumat Tob (11) us‘. 987% Am Tel & Tel (9)- 102% 7215 Am Tobacco (6)__—. 105% 74% Am Tobacco B (5)_ 6% 26% 19% 7'k Am Water Works. 10% 4% Am Woolen 613 35'5 Am Woolen 62 2% Am Writ Pap p 5% 3 AmZinc& Lead 22 8 Anaconda Copper 17% 10% Anchor Cap (60¢) __ 109 96'3 Anchor Cap pf(6%) 3% 1% AP W Paper _____. 52 36 Archer Dan M (t1)_ 1221 117 Archer Dan pf (7). 108 97 Armour Del pf (7 6% 3% Armour of [1linois 14 70% 551 Arm'r(111)pr pf (6 102 85 Arm'rof Il pf(33) _ 38 16} Armstrong Cork 50a 8 4 Arnold Constabl 15% 7% Asso Dry Goods 5Tix 35% Atch To&S Fe (a2)._ 87% 19'; Atlantic Coast Line 26 7% 3 AtlGulf&W Ind.. 28 20% Atlantie Ref (1)_. 39% 15 Auburn Auto_ 4% 2% Aviation Corp ——— 6% 1'3 Baldwin Loco (d)-- 26% 7 Baldwin Loco pt (d) 18 715 Baltimore & Ohlo._. 23 9% Baltimore & Oh pf. 49 361 Bang & Aroos (23%) 115 106% Bang & Aroos pf(7) 6'3 3% Barker Brothers 10% 5% Barnsdall Corp t60c 514 37% Bayuk Cigar (11)__ 95 72 Beech-Nut P (13)... 14% 11% Belding-Hem (1)_.. 23% 117 Bendix Aviation ._ 19% 15% Beneficial Lo (1%). 51% 34 Best& Co (2).. 3 21% Bethlehem Steel 55% Beth Steel pf(al¥%). 9% Blaw-Knox___ 615 Boelng Airplan 39% Bohn Alum &Br 90 Bon Ami (A) (t4)_. 39 Bon Ami (B) (12).. 21 Borden Co (1.60) 28% Borg-Warner (2)_.. 815 Bridgep't Brass 400 24% Briggs Mfg (2).___. 30% Bristol-Myers (12). 36'3 Bklyn-Man Tr (3) 90 Bklyn-Man T pf(6. 1% Bklyn & Queens__ 43 Bklyn Union Gas( 3% Brunswick-Balke_. 10s 1 lS‘. 4% Bucyrus Erle___ any, AT 22% 105% 3% 10% 28 131 8 161 29% % 32% 6% Curtiss Wright (A) 16 Cutler Hammer.___ 22% Deere&Co . . 19 Deere&Co pf (375c). 23% Delaware & Hudson 11 Del Lack & West ... 35'% Devoe & R (t1) A 26‘ Diamond Mtch t1%5. 173 Douglas Air (l‘lSe) 132 Dresser Mfg A bl 6% Dresser Mfg B ... 2 Dunhil Internat! 12% Duplan Silk (1) .coe 86% Du Pont (13.60) 1267 Du Pont deb (6) —— 3% Eastern Roll Mills_ 110'; Eastman Kod (15) 16% Eaton Mfg (11) 3% Eitington-Schild 19% Elec Auto L (a30c). 113% 107 Elec Auto L pf (7).. 10% 23% 5 2% E ) 263 19% 121 3% Electric Boat_ . 5% Elec & Mus Ind_____ 1% Elec Pw & Lt _ 2% Elec Pw & Lt $6 pf 3 Elec Pw & Lt $7 pf_ 39 Elec Stor Bat (2%). 52% Endicott-John (3) 13 Engineers Pub Sve.. 14 Eng Pub Sve $5 pf_. 14, Eng P S $5.50 of ww 15'2 Eng Pub Sve $6 pf_. Tis Erfe R R 813 Erie R R 1st pf_ 6% Erie R R 2d pf 10% Eureka Vac C(80c). 15 Evans Products(1)._ 2 Exchange Buffet 5 Fairbanks Co___ 4 Fairbanks Co pf 17 Fairbanks Morse_ 5% Fed Lt & Tr 3% Fed Motor T(al0c). 2 Fed Screw Works__ 7 Fed Water Sve (A). 28'3 Fid Phoen FI 11.20_ 1814 Firestone (40c) x 8415 Firestone pt A (6)_. 45 First Nat Strs (213) 19 Florsheim (1) A _. 214 Follansbee Bros(d). - 20% Food Machine (1)__ 97 Foster- Wheeler 19% Four Nat Iww al.10 17% Freeport-Texas (1) 112 Freeport-Tex pf(6) —_—_——— 10% 44 20% 13 8% 6 15% 49 6414 35 3Ty 1's 70‘: A7 54 Gen Am Investors__ 5284 Gen Am Trans(1%) 11% Gen Asphalt . 7% Gen Baking (60c) 5% Gen Bronz 2 GenCable_ 4 GenCable (A) 19 Gen Cablepf__ 50 Gen Cigar (t4) 20'; Gen Eleetric (30c) - 30 Gen Foods (180) .. '4 Gen Gas & El (A) 597 Gen Mills (3) 26% Gen Motors (2) .. 119 10:" Gen Motors pf (5) am 2% 26% 191 93 5'% 3814 17% Gen Print Ink(1.60) 1% Gen Public Servicy 15% Gen Ry Signal (1).. 3% Gen Realty & Util 16% Gen Refractorie 12 Gillett Saf Ras (1)~ 70 Gillett Saf R pf (5). 214 Gimbel Bros ___ 23% Glidden Co (1) 110% 104% Glidden Co pr pf (7) 4% 18 1t Gobel (Adolf) (d).. 14% Gold Dust (1.20) .. 120 11115 Gold Dust pf (6) 58’: 267 92 ™ 3% 1215 29% 29%; 2T 1314 32% 66 66% 9 26 80 34 12% 97 712 Goodrich (B F)_ 40 Goodrich (BF) pf_. 15% Goodyear T&R . .__. 70 Goodyear $7 pf (4)_ 2% Gotham Silk Hox 1% Graham-Paige 5% Granby Consol . 14% Grand Un pf (1% 18tx Granite City Stl (1) 9% Grt Northern pf . __. 9% Grt North Ore (50c) 26% Grt West Sug (2.40) 34 Greene Canan (2). 20% Greyhound Corp. 4 Gulf Mobile & N 6 Gulf Mobile & N pf_ 48 Gulf States Stl 1si 30 Hack WpfA (1%). 613 Hamilton Watch __ 63 Hamilton Watch pt. 100% 100': Hanna (M A)pf(5)- 26 118 13% 5% 16 Harbison Walk (1)_ 99, Harbison W pt (6) . 512 Hat Corp of Amer. 1% Hayes Body 2 192 141 127 Helme(GeoHNh). 67 67 39% 3% — % % 15% 15% 101 101 3 2% 3 8% 8 29% 29% 27% & ©Q & I & 129'A 58 151 257 5 29% 110 8% EEFFFPES FlAF AL+ & 10 2 BEAEESEE L ER 252 I AL 4 Manati Sug pf (d) 29 Man Elev gtd (d) __. 13% Man El md gtd (d)_ 5% Marine M1d14 (40c) 20 Marlin-Rockwell(2) 6% Marshall Field & Co 23% Mathieson Alk(13%) 35% May Dept Str (1.60) 515 Mavtag Co 33 Maytag pf ww 173 8415 Maytag 1st pf (6) _ 41 Melville Shoe (23). 3 Mengel Co._ 20% Mengel Co p 24'4 Mesta Machine (2). 215 Miami Copper__ __. 9% Mid-Cont Pet(a16c) 8% Midland Steel Prod. 60% Midl'd Stl 1st pf(8) 58 Minn Hon R (13) __ 105 Minn Hon R pf (6)_ 37% Minn Moline Pw _ Minn Moline Pw nf. Mo Pacific (4) 1'3 Mo Pacific pf (4) _ 10% Mohawk C M (a25¢) 55 Monsanto Chem(t1) 21% Montgomery Ward. % Mother Lode 17% Motor Products (2) T%% Motor Wheel (60c)_ 9% Muliins Mfg (A)_. 9'% Mullins Mfg (B) 62 Mullins Mfg pf 13Y% Munsingwear Inc 4% Murray Corp 30 Myers (FE) & B (2) _— 1914 104 10% 3313 152 187% 17’5 A% 345, 1405 14% T1% 11% 12% 33 61 1184% 8 27% 13 25 139 T 81 16% 6 164% 87 108 4% 24% 97w 11 Nash Motors (1) 4'5 Nat Acme Co 6% Nat Aviation _ 22' Nat Biscuit (1.6 141'x Nat Biscuit pf (1) _ 13'; Nat Cash Reg(50¢). 314 Nat Distillers (2) __ 121% Nat Lead of (6) B 47 Nat Pwr & Lt (80c) 40% Nat Steel (t1) - 814 Nat Tea (60c) 714 Natomas Co (8 21% Nelsner Bros (t1) 4313 Newberry J J(1.60). 109 Newberry J J pf(7). 4% Newport Industries 124 NYCentral RR _. 6 N YChicago & St L. 9% NYCh1&StLpf._ 112 N Y & Harlem (5) % N Y Investors (d) _ -’- N Y N H & Hartford 6 NYNH & Hartf of 2% N Y Ontario & West 6!x N Y Shipbuilding 61% N Y Shipbuild’s pf_ 158 Norfolk & W (8) _ 99 Norf & West pf (4). 2 North Am Aviation. 9 North Amer Co (1 57 North Am Ed pf ( 13% Northern Pacific 9% Ohto Ol ta18¢) ... 16'% Oliv Farm Bq(new) 313 Omnibus Corp vte . 4% Oppenheim Collins. 11'x Otis Elevator (60¢c). 4% Otis Steel _ . 228, Otis Steel pr pf_ 80 Owens-11l Gl 14 Pac-Amer Fisheries 33 Pacific Coast 18t 13% PacificG& E (1%). 19 Pacific Ltg (2.40) .. 12 Pacifie Mills _ 70 Pacific Tel & Tel (6) 6% Pac Wn Oil (b40c).. 313 Packard Motors 8 Param’t Pic (new)._. % 84 Param’t Pic1stpf.. 914 Param’t Plc 2d pf__. 2% Park Utah - % Parmelee Transp't.. 5 Pathe Film Corp_.—. 8% Patino Mines % Peerless Moto! 64'5 Penick & Ford (3).. 57% Penney J C (2) - 3 Penn Dixie Cement. 17% Penn R R (a30c) .. 17% Peoples GasChi ... 2'4 Peoria & Eastern_ 18Y% Pere Marquette._. 16's Pere Maraprof . % Pet C'p of Amaslc. 11 Pfeiffer Brew (f1)_ 12% Phelps Dodge(a25c) 1% Phila & Read C&I__. 35'% Philip Morris (1).__. 513 Phillips-JonesC___. 53%% Phillips-J C pf (7). 13% Phillips Petrol (1).. % Plerce Ol __ Pillsbury F1 (1.60)_ 7 PittsCoal. —— 26Y% Pitts Coal pf. 513 Pitts Screw & Bolt_ N @ ®e WARGN ©WLDaw- 23% 21'; 16% 20% FUAEE LA+ 100% 109 + 517% 31 6% 13 214 18'% 9% 8% 1% 301 25% % 8 274 38 " 38% 12% 5, 28 1216 12% 50% 1% Y 25 671 4 6T% 18% 4 24 15% . 387 R 5% % 19% 4 21% 28% 8% Sflver King C(40¢). 6 SimmonsCo. .. 5 Simms Pet (a50¢) 614 Skelly O] _ 60 Skelly Oil pf ww._._ 18 Sloss-Sheffleld . ___ 24 Sloss-Sheffield pf_. 15% Snider Packing 10% Secony-Vae (30c) ._ 20 Sou Porto R Sug(2) 150 132 Sou Porto R S pf(8) 10% South Cal Ed (1%). 12% Southern Pacific 53 Southern Railway. 7 Southern Rwy pf _ 15 So Ry M&O ctfs (4) 5 Spalding (A G) - 59'; Spang Chalf pf $334 3'a Sparks-Withington 32 Spencer Kell (1.60) T% Sperry vte (a25e) 83 Spicer Mfg.. 33% Spicer Mfg pf (3 437 Spiegel-May-Stern . 124 Stand Brands (30¢). 122% Stand Brands pf(7). b0s 2' Stand Com Tobacco. 13 Stand Gas & Elec _. 1% Stdnd G & E $4 pf__ 4% Stand G& E $6 pf_. 6 StandG&ES$7pf _ 27% Stand Ofl of Cal (1) 23 Stand Ofl of Ind (1) 356% Stand OII NJ (11) 121 Starrett (L 8) (1)_. 58% Sterling Prod (3.80) 1% Sterling Secur (A)-. 6% Stewart-Warner___ 2}; Stone & Webste 2% Studebaker Corp. 1% Superior Ofl __ 5 Superior Steel _ 18'; Sutherl'd Pap t60c_. 31 Sweets Co of Am % Symington (d) . 1% Symington (A)(d ——— 6% Telautograph (60¢) 165 Texas Corp (1). - 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Ol 85 Tex Pac Land Trust 13% Thatcher (1) ______ 50 Thatcher M pf(2.60) 2'3 Thermoid Co . __ 5% Thomp'n(JR)(50¢ 13% Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil . 84 Tide Wat A O pf (%) 26% Tide Wat Ofl al.15_. 4% Timken-Detroit_ 28% Timken R B (t1)_ 7“ Trans & Westn Afr_ 17 Tri-Contl Corp - 69 Tri-Contl Cor pf(6) 33 Truscon Stee! —— 13 20th Century Fox._ 24% 20th Century Fox pf 18 TwinCity R T pt 53% Und-Ell-Fisher (2). 29 Union Bag&Pap (2) 44 UnCarb&C (1.60)- 14% Un Ofl of Cal (1). 8213 Un Pactfic (6) .. 791; Un Pacific pf (4) Un Tank Car (1.20). 97 United Afreraft 4'; United Alr Line vte 20% United Bise (1.60) 14% Unit-Carr Fast (1) 46 United Carbon 2, 1'; United Corp 20% United Corp pf (3)-. 8% United Drug .__._ 3% United Elec Coal... €0 United Fruit (3)__ 9% United Gas Imp (1) 871 United Gas 1 pf (5) 21x United Paperb'd (d) % U S Distributing 5 U S Distributing pt 413 U S & For'n Secur__ 11 U S Freight (1) 40% U S Gypsum (#1) _ 143 U SGypsum pf (7). 5 US Hoffman i 35 U S Ind Alcohol (2). 3% US Leather vte ___ 743 U 'S Leather A vte__ 14% U S Pipe & F (50¢) 19% U S P&F 1st pf 1.20. 3 USRealty & Imp 944 U S Rubber ___ 2413 U S Rubber 1st pf 92 US Sm & Ref (a8 271 U 8 Steel E 73% U S Steel pt (2)_ 3'3 United Stores (A 2 46 United Stores pf _ 51 Univ Leaf Tob ('2) 1 Univ Pipe & Rad 915 Univ Pipe & Rad pf 317‘ 1 Utl Pw &Lt (A) 11! Vanadium Corp _ 11'¢ Van Raalte (a25¢) 3 34 Vick Chem (12) 4+ 4 +HL+1+IF 00 Nervousness Over War News Eases, but Many Hold to Sidelines. STOCK AVERAGES ndull nls Ulll 8t :‘ Net change. + 1 Today, 1 p.m. 655 232 354 ‘474 Prev. day.. 654 232 354 473 Month ago. 65.9 26.0 37.2 48.7 Year ago... 485 253 274 374 1935 high_. 688 276 39.3 50.9 1935 V. 495 185 216 348 1934 614 430 406 514 1934 453 2238 242 349 1932 175 8.7 239 169 1929 high._146.9 153.9 184.3 157.7 1927 low... 516 953 61.8 61.8 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, October 3.—Moderate advances were the rule in today's " +1% + % + % +14% & stock market, but trading turned dull after a fast start. Wall Street's attention was directed almost wholly to the African war crisis and, while yesterday's nervous- ness appeared to have been alleviated somewhat, speculative forces general- ly held to the sidelines. | Gainers of fractions to around a | point included American Telephone, United States Steel, General Motors, Chrysler, Auburn, Case, Westinghouse, | Owens-Illinois, Consolidated Gas, Co- lumbia Gas, Greyhound Corp., New York Central, Delaware & Hudson, Kennecott, Anaconda and United States Smelting. Among the losers | were International Business Machines, off 3, and Air Reduction and Cerrc | De Pasco, down about 1 each. The late tone was steady. Transfers ap- proximated 1,400,000 shares. | The early recovery was in line with | expectations voiced by most market analysts who felt that yesterday's sell- ing probably was overdone and that | short covering, and some reinvestment demand, would necessarily help to stem the downward trend. At the same time the majority of commentators were none too bullish, many feeling that the clashing of Italian and Ethiopian armaments is bound to spread and that a general conflagration may be touched off at any moment. In addition to the foreign erisis, howover, brokers pointed out that a shakedown was due because of techni= cal considerations developing out of the broad and sustained recovery movement, as well as the tendency of many stock traders to w.it and see to what extent the upturn during the past six months may have already discounted the anticipated business and industrial activity this Fall and s | Winter. The heavy foreign liquidation of stocks which accompanied the oute break of the World War was not in evidence. Commission houses with foreign connections reported there was about as much buying as selling from abroad. New York Cotton By the Associated Press. NEW YORK, October 3. — Another | advance in cotton on the war news | was followed by reactions under in- | creased Southern hedging and realiz- | ing. After selling up to 11.20, or about 80 points above the low price of Mon- day, in the early trading December eased off to 10.9-, with the market in the late dealings ruling about 15 tc | 18 points net lower. | —_— year, $5,340,632, or 22.9 per cent, was for residential work, while last year residential contracts totaled $1,806,- 354, or 14.9 per cent of all awards in August, the Richmond bank con- cludes. Heard in Financial District. George L. Starkey, president of the National Bank of Washington, will leave Washington tomorrow for a two or three week vacation, part of which he will spend at Hershey Inn, at Hershey, Pa., and the remaining time taking motor trips in the mountains. George W. White, president of the 22 Pitts Steelpf . .__. 213 Va-Car Chemical.__ 3% Li 1 Quetati 24'; Pitts United C pt.. ; . 17'; Va-Car Chem 6% pf & 245, FvEREGC bt ""“, Sy 615 Plymouth Ofl ._.___ 63!z Vulcan Detin (a4) . 10s 70 60 beles, "including 6,200 American 6% Poor & Co (B) 01, sood business done 7 to 13 4% Postal Tel&C pf (d) g 25% 11 Hercules Motor (1). 88% 71 Hercules Pw (13) 19% 5% Holland Furnace __ 11 6% Holland & Son (50¢) 412 338 Homestake (112)__. 42 30% Houd-Hersh (2%) A 2314 6% H'dallle-Hers B(1). 3% 1% Houston Ofl (new)_ 56 43 lowe Sound (13)__. 8'4 Bucyrus Eriecv pf_ 62% Bucyrus Erie pt (2) 3% Budd(E G)MIg . 23 Budd(E G)MIg pf. 213 Budd Wheel 8% Bullard Co 3 Burns Bro p! )--. 13% Burr Add Mch(60¢c) 10 Bush Term B pt cod P M hotedbas sl sunmalivs il 120 114 Walgreenpf (6%)_. 20s 11735 u, % Pressed Stl Car (d). 3% 1% Walworth Co.__ 13 k) 615 Pressed Stl C pf (d) 1% Ward Baking (B)_ 4 42% Proc & Gamble 3134 y 81 2% Warner Bros Plo .. 226 120% 115 Proc & Gam pf (5) .. 1 46% u:, glr:or zru's lPlc pL 27 % - 5 20% PubSve NJ (2.40).. » Warner-Quinlan_ 2l Butts Copper&2ine. I % H::;ofiofl:‘-" Sl 100 629 Pub Sve N I pf (8o, 25 Warren Bros _ 2 rars > 111% 73 PubSve NJ pf (6)_ 20% Warren Fdry&P 1 i 11% Byers (A M)__ — 6 5 8 " g i 4 1 Welis Far ¢ 17% 9% Illinois Central 4 140'4 100 PubSve NJ pf (8)_. 8O 3£ Drers calt) bt ] 5T1a 40 111 Cent lse Iines(4). : 52 31% Pullman. Ine (1%)_ 301 Wesson O&S (150¢) bt % Chicago Grain 2% 2% Indian Refining_ 1 10% 5% Pure Oil = — N 34 West Pa Elec (7)A 13 3 313+l | 30% California Pkg(1%) i+ %] 3am 6 36 West Pa Eleo pf (6) 2 2313 Indus Rayon (1. Cl). 4 93 49% Pure Ol 8% nf Callahan Zinc.—..... 1 ity Bakeries (1 39% West Pa Elec pf (7) » s 104% 60% Ingersoll-Rand (2). 17'% 8% Purity ) e i T T zo; t 215 Calumet & Hecla___ 5 5 4 . 14 teel (12)._o —_— 3 National Metropolitan Bank, who has m: Campbell-Wy ad0c_. 23% 9;:: ‘g; l‘:l:?:.?,::c‘:p;"_ 8% 4 Radlo Corporation A < 9% 5l Western Maryland. 6 been confined to his home several 8% Can Dry Gin Ale % 8l 7 } 4 Insur ShMd cfs 15¢c. 5 74% 35% RadloCorppf B __. i T'4 Western Md 2d pf _ 1 weeks with illness, is reported to be 8% Canadian Pacific. 8% 23% 8% Interboro R T (d)-_ 5% 1% Radio-Keith-Or (d) 2% Western Pac pf (d) Z making steady improvement. He 3;% tciavlug Adl;lln (.A))- 3 :g% 4% Interlake Iron . _.... w7 fi"i ,}2“’ ;l:l!‘;),en-gufi-!l;n(zl}). %gfl,- &:::'e;:'::ninsk 5: i i ’s Cap Adm pf A (3) .. int Agricultural ... A = A f;:pgn,'& imeut‘:';(gczghmfi“;’f a 45% Case (J 1) Co 10 79% 77 " oA e ; 6313 20% Real Silk Hose pf__. 32% Westinghse Elas0c 113 8315 Case (J 1) pt 108117 117 149% Int Bus Mach (16) 134 7 Remington-Rand . 1 12 90 Westhse st pf 312 508 desk before long. 3614 Caterpillar Tr (t 50% 50 35 Int Car'rs Ltd (206) 74 21% Remington-R pr pf. 10 Weston Elec ins. _ = Rolfe E. Bolling, president of the 19% Celanese Corp_.._.. 26% 26 22% Int Cement (1) ___ 237% 69 Rem-Rand 6% pf___ 16% Westvaco Chi ‘40c) Liberty National Bank, another Wash- l}? geifllfl go “:)(_d').— 34% Int Harvester 60e) .. 1;:2 g“ fi:gfifu‘:gg{" 158 Whtee Mo i bank 4 Celotex Co pf (d) . r pf(7). e S Daer Yo sl sevently et 22% Cent Aguire (1%)__ 50 Tot Hyare Elec (o). 8 ‘ 76% 28% Republic Steel pf_ 13 White Rk M 5(1.40) Emergency Hospital and returned to 38% Cerro de Pasco (4) 4 7815 Republic Steel (A). 1% White Sewing Mch. his residence at the Wardman Park s X 155 Sk Suech Ba ; 6 White Sew Mch pt__ Hotel. He is reported to be gaining 3% Certain-teed Prod__ 2214 Int Nick Can) (80e_. 37% Ches & Ohio (2.80)_ Int Py Pw (A). 1 Wilcox Oil & Gas 3 steadily and is expected back at the e A 3% Wilson & Co (30c)_. 67 bank soon. Dro e 00 2 00 2 o middiing. 6.1 good ordinary. steady: October. January, 6.15; July, 6.18. o May, 6 19; S —1% | By the Assoclated Press. + !3| CHICAGO, October 3.—More than = % |2 cents a bushel fall of wheat prices Z . jat times today resulted from big +“ wprofit -taking sales. — 15| Many wheat traders took their cue +1%, | from action of the Liverpool market, + % | which appeared to be not particularly + % disturbed by immediate Italo-Ethio- pian developments. The Chicago | wheat market, however, met with good < | buying support on all setbacks. Wheat closed nervous, )2 to 1 cent under yesterday's finish; December, 1.06a1.06'5; corn, '4-345 down, Decem- ber, 61%a61%; oats, 12 off to '3 up, 12% Reyn’lds Spring(1 36 Chesapeake Corp(3) 2, Int Paper & Pw (B). Harriman & Keech, members of the 1 Chi& EastIll (d) . New York Stock Exchange, announce the admission of William J. Cunning- ham to general partnership in the firm. G. M. P. Murphy & Co. and Charles D. Barney & Co., new stock exchange firms with Washington offices, took part in the public offering of 242,700 1% Chi & Grt W pf (d)_ 15% Chi Mail Order (11). % Chi Mil StP&P (d). 15 CRI& N W (d) o 3% Chi & N W pf (). 43, Chi Pneumatic Tool. 20 Chi Pneu Tool pf__ % Chi R 1&Pac (d)-... 1% Chi R 1&P 7% pf(d) 25 Chickasha C O (2)-. 9 Chile Copper .. - 01 69 €0 B0t 0 bt 00 1 e @ 3 & T5% 12% 16% % %, Int Paper & Pw (C). 43 Int Paper & Pw nf __ 21% Int Print Ink(1.40). 98% Int Print Ink pf (6). 29 IntSalt (1%)ceeen 42% Int Shoe (2) eeeeee. 16 IntSilver . ... 601 Int Silver pf (4)-—n 5% Int Tel & Tel . _ 8% I[nterstate Dept St_. 381 Johns-Manv (a50c). 46 1134% 114'% 22% 2 42 4 55% Reynolds Tob (3)_ 431% Reynolds Tob B (3 291 Royal Da1.70 1-10c. 3 RutlandRRof.___. 328, Safeway Stores (3). 1043% Safeway Strs pf (6) 110 Safeway Strs pf (7) 10% St Joseph Ld (40¢). % St L-San Fran (d).. 22 Schenley Distillers. 1% Schulte Retail Strs. 8 Schulte 4 464 3% = 14| 82% AOB214 = Y% 65 10815 — 15 383 109% + % | 281 21% +1% 5% 1 39% +1% | b 2% — W 58 Wilson & Co pf (6)_ 2 51 Woolworth (2.40)__ 38 25% Worth Pumppf A__ 30s 3% Wrigley W jr (13)_ 1 ———————— 2% Yellow Truck - 2 18 YoungSpr& W (2). 16 13 YoungstownS& T 31 1% Zenith Radio__ 32 2% Zonite Product 16 1yl + % +1% | Gt | and provisions varying from 10 cents’ | declines to a rise of 2 cents. WHEAT— Open. High. Low. € Der. 1 1073 1,053 1.0f 1067 1 043 1.0 | July 97 CORN. December Rights Bxpire. % Budd Mfg. _Apr.16 18 35 e & shares of H. L. Green Co. common 31 Chrysler Corp (t1). 84% 50 Jones&Laugh7%pf. s 20% Strs pf_. stock, & variety chain store organiza- tion. Brokerage Offices Crowded. Even standing room was hard to find in the brokerage offices here when the New York stock market opened today. War fears and rumors packed the boardrooms with traders, specu- lators and conservative investors. In a very lively market early selling was fairly well absorbed. Boardroom ob- servers believe the market will be “hot and cold” as the European news comes along, present trading being very largely professional. William C. Worthington, general agent here of the National Life Insur- ance Co. of Vermont, reports a gain of 22 per cent in national business in the first eight months of this year and 16 per cent for August, a steady gain which he thinks clearly reveals growing prosperity all over the coun- try. Potomac Electric Power 5% per cent preferred stock led trading on the Washington Stock Exchange to- day with seven 10-share lots and one 5 selling at 113!, The same com- pany’s 6 per cent preferred moved at 110. Capital Traction 5s sold at 95, while $1,000 Anacostia & Potomac R. R. 55 changed hands at 92, the figure at which bids will soon be made 23% 2% 65% 14 City lce & Fuel (2). 3% City Stores = 12% Clark Equip 27% Clev Graph Br 1), 20 Cluett Peabody (1) 15% Colgate-P-P (50c) - 9 Collins & Alkman__ 69% Collins & Alk ptf (7) 6% Colonial Beacon Oil. % Colo Fuel & Ir «d) .. 5 ColoF&lpf(d)._. 10% Colo & South...__.. 3% Col Gas & Elec .. 35% ColG& Epf A (6)_. 34% Colum Pio vte (11). 67 Colum Carbon (4) .. 39% Comecl Credit (2%). 119» 112 Comcl Cred pf(53%) 102% 56% Comecl Inv Tr(12.80) 97% Comel In T pf(4%). 17% Comel Solv (160c). % Comw & Southern__ 29% Comw & Sou pf (3). 27 Congoleum-N(1.60). 9 Congre: | S— 23% Conn Ry&Lt (4%).. 41 Conn REL of (4%). 3% Cofisol Film 14% Cons Film pf (313%) 15% Consof Gas N ¥ (1). 2% Consol Gas pf (5)_. 1% Consol Laundries__ 6% Consol Ol (a25¢) ... % Consol Textile - 8% Container Corp (A). 27 Container Corp (B). 4% Contl Baking (A)... 5 Contl Baking (B)... 62% Contl Can (2.40)___. 7 Contl Dia F' (ab5c).. 287 Contl Insur (11.20). - wRnwmo 50- 103% lOSV; 103% —1‘6 T% 2% 100% 1011 8% 32% 22 19% 84% 3% Kans City Southn__ 7% Kaufmann D S(80c) 15% Kayser(J)&Co ad0c. 34 Kelt.h -Albee-Or pf_. y-Hayes (A)_. au K sey-Hayes (B).. 10% Kelvinator (t50¢) - 84 Kendall Co pf (16).. 13% Kennecott C (60c) . 23 Kinney (G R) Co pf. 9% Kresge (88) (1)... (S S)pf(7).. 223 Kroger G&B (1.60)_. 19% Laclede Gas pf. 21% Lambert Co (2).. 814 Lee Rub&Tire (50c) 10% Leh Port Cemen 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf. 5 Lehigh Valley R R_.. 673% Lehman C (12.40) 10% Lehn & Fink (1%)_. 6% Libby McNeill & L._ 21% Lib-O-Ford G1(1.20) 21 Life Saver (1.60) 93% Ligg & Myers (14)B 16 Lily Tulip Cup(13%4) 17% Link Belt (80¢) ... 24% Liquid Carb (11)... 45% 81% Loew’s Inc (2) 10833 102 Loew's Inc pf 2% 26% AT% 26% 46 35% 13 1% Long Bell Lum (A). 18% Lorillard P (11.20). 34 Louis&Nash(a2%). 12% Ludlum Stael_ 40 McAndrews&F(12). 28 McCall Corp (3)-_. T4 McCrory Stores (d). 110 l|0 llO 27T% 2T% 2Th 40% 40% 40% 21% 21% + 9% + wederLaona 70 55 Scott Paper (1.80).. % _ % Seaboard AirL (d)_ 35% 20% Seab'd O Del (+60c) 61% 31 Sears Roeb'k(a75¢c) 2% 1% Second Nat'l Invest. 65 40 Seo Nat Invpf $2%. 12% % Servel Inc (50¢) - 21% 9 Sharon Steel Hoop. General Upturn In Glass Industry Cited by Review Special Dispatch to The Star. NEW YORK, October 3.—Available statistics indicate a general increase in the manufacture of principal types of glassware during 1934 and the opening months of 1935, states the Index of the New York Trust Co. in its current issue, with favorable prospects for the near future in almost all branches of the industry. “The high rate of present opera- tions is a proof of the industry’s basic stability,” according to the bank re- view. “With continuation of general economic recovery, the gains already recorded in blown glass and building glass production should be still further expanded. 19% 19% + % | Bup ','.‘.': 16% + % % 64 %—-4% 27 — 1 54% +1% 2% 11:00 A.M B 1:00 P.M. . 61 -1 10% + % declarations s Unit of tradin ¢ Com Approximate Sales of Stocks on the N, Y. Stock Ex:h.mp 580,000 12:00 Noon.. 940,000 2:00 P.M.. Dividend rates as given n the above table are the ul cash payments based on the latest quarterly or h' “cn i less than 100 shares. ¢ Annual rate— t Accumulaced dividends. o Paid this year. b P panies repo o recet L Tship or being LA SALLE HOTEL SOLD IN COURT AT CHICAGO By the Associated Press. CHICAGO, October 3.—The La Salle, one of the leading hostelries in Chicago's Loop, was sold today in Federal Court to the La Salle-Mad- ison Hotel Co., subsidiary of the Des Moines, Iowa, Central Life Assurance Society, for the equivalent of $2,100,- 000. The Des Moines company, owner of a majority of the bonds and stock of the property, was the only bidder. The hotel had been in re- ceivership since 1932. Bondholders outside of the insur- ance firm will be offered $210,000 in cash, or about five cents on the dol- lar, but will have the option of taking common stock 0f the new company. SESSIONS T0 BE RESUMED. NEW YORK, October 3 (4).—Sat- Voters Approve $33,821,021 Bond Issues in August Special Dispatch to The Star. NEW YORK, N. Y., October 3.— New State and municipal bond issues reported approved by the voters of 198 communities in 33 States during September total $33,821,021 as com- pared with $15,369,095 in August, ac- cording to the Daily Bond Buyer of New York. Voters of the City of St. Louis, Mo authorized an $8,300,000 flota- yeln were $3,584,400 in 1934, $25,- 132,750 in 1933 and $9,983,624 in 1932 During September a total of $5,; 870,500 of proposed financing was disapproved by the voters of 47 com- September totals for Drevioua‘, Chicago Cash erltl. Cash wheat, No. 1 red, 1.10%; No. 2 hard, 1.27; corn, No. : mixed, 83%%; No. 2 yellow, 85a85';; oats, No. 3 white, 30%4a34%4; sample grade, 24%,a 28%%; no rye, buckwheat or soy beans; barley, Illinois No. 3 sold 68; seed, 35a50; malting, 50a78; timothy seed, 2.50a2.75; clover seed, 11.50a16.00. Liverpool Grain Prices. LIVERPOOL. October 3 (#).—Wheat fue tures closed firm. Prev, High Lo} Qctober _._. 1 . December . o F. H. A. OFFICIAL AIDS FIRE PREVENTION WEEK By the Associated Press. CUMBERLAND, Md. October 3. Henry W. Webb, director of the Fed. eral Housing Administration for Mary: land, was here today to explain w meeting of bankers the plans for fire prevention week from October to 12. for $325,000 of the same bonds. New York City bank stocks in Sep- tember dropped back to July levels, Hoit, Rose & Troster report. The high mark on 17 issues was 55.43. After = | tumble to 46.31 they rallied to 47.97 on September 30, % Contl Motors —— = %| 121 6% McCrory Strs B (d). 15% Contl O Del ag2%c.. 19!‘ .| 45% 34% Mclntyre Porcu (3) 41% Corn Ex BK&TT (3). 53% + % 903 McKeesport T P (4) 60% Corn Prod Ref (3).. 623% +1% 4% Coty Inc 4% - % 35% Cream of Wh (13)—. 3Th - % 23% Crv-; 0o LT “A resumption of building opera- | urday trading in coffee will be re- | munities in 18 States as compared | Webb said fire causes a national lo +1 | tions on a scale comparable to con- | sumed this week on the New York | with $34,221,757 in August. Septem- ;of 10,000 lives and $260,000,000 prop 1 1igu s "8“ % | struction prior to the depression would | Coffee & Sugar Exchange following |ber totals for rejected projects for | erty damage annually. :2 "lm ”:: 41 +1y | especially serve as a potent spur to| holidays during the Summer, but a | previous years was $2,189,000 in 1934, ‘The modernization eredit plan of 21 12 10% 12 + 7| increased production in plate glass and | Saturday holiday in sugar trading will | $7,756,316 in 1933 and $574,28¢ in | F. H. A, he said, should prove valus 13 21..20% 21.+ % windoy glass.” be qpntinued during October. 4 11032, 4 » ' in reducing fire hasards. n I y % 28% 18% Mack Truck (1)4-— [£5 M-