Evening Star Newspaper, November 14, 1935, Page 18

A—18 soeew FI FLEMING PLANS FOR A.B. A Five D. C. Bankers Given Important Committee Appointments. BY EDWARD C. STONE. According to dispatches from New Orleans today, Robert V. Fleming ac- cepted the presidency of the American Bankers' Association in a short, pointed address in which he outlined his plans for the coming year and later announced very important committee ap- pointments which included five Washing ton bankers. In his address he declared that the A. B. A. has to-operated wher- ever it could yproperly do so in every measure for national recovery and offered con- structive recommendations for such changes in banking laws as the asso- ciation recognized as necessary. Turn- ing to the banking act of 1935 h said: “The banking act of 1935 affords us [ opportunities for broader service and, at the same time, retains the funda- mentals which we believe are so vital to our national welfare and which have played a large part in bringing our country, in a comparatively short space of time, to the position of the greatest 4ndustrial nation on the earth.” Mr. Fleming proposes to establish Huring the coming year regional A. B. A. conferences, to be held in strategic sections of the country and embracing the managerial, legislative and operat- ing problems confronted by all types and classes of banks, these meetings to be in addition to the already estab- lished trust and savings conferences. The new sessions will be designed to acquaint bankers with the broad prin- ciples under which they can now op- erate, the Washington banker said. Public Relations Stressed. i Public relations will be stressed more than ever before. The new A B. A. head wants the public to know dust what the banks can do and just what they cannot do. If loans can- mot be made under existing bank laws, | the applicants should be shown the reasons in a manner that is under- standable, for it recognized that to| many people the business of banking | s still somewhat of a mystery. He expressed confidence in the sound ! Judgment and common sense of the American people when the functions | of banking institutions are more fully understood. During the next 12 months the offi- | cials of the A. B. A. will continue to | fight for what they think to be for | the economic good of the country and will bitterly oppose every legislative | measure they believe detrimental. | They will also make every effort to get | the Government to give up temporary banking functions as rapidly as pos- sible. While the Government had to step in during the emergency, these temporory banking agencies should not be allowed to become permanent, 1n the opinion of Mr. Fleming and his mssociates. | Mr. Fleming’s address took less than | five minutes. It showed clearly that | he is not going to sit still during the | coming year. In a nutshell, he hopes to take the association closer to the members, put the banks in better light before the public with a view to ending what is considered unjust criticism, work with United States | officials to strengthen all banks and at the same time vigorously oppose every proposed action considered de- structive. “A great opportunity for aervice,” he told his associates. D. C. Bankers on Committees. Five former presidents of the Dis- trict Bankers' Association were in- cluded in the committee appointments | which President Fleming announced today at the conclusion of the general business sessions. George O. Vass, a vice president and | cashier of the Riggs National Bank, ‘was appointed a member of the Fed- eral Legislative Council, State Legis- lative Council, and the Committee on | *Taxation. He is already a representa- tive from the District Bankers' As- sociation on the Executive Council. ‘Wilmer J. Waller, vice president and eashier of the Hamilton National Bank, was appointed to the Commit- tee on Banking Studies and to mem- bership on the Executive Committee of the same group. Francls G. Addison, jr., president of the Security Savings and Commercial Bank, was named a member of the ‘Bankruptcy Committee of the Amer- ican Bankers' Association by the new president. Joshua Evaus, jr., vice president of the Hamilton National, was appointed & member of the special committee on section 5219 of the revised statutes of the banking act of 1933. This com- mittee is working on the subject of State taxation of national bank 8tocks. Frederick P. H. Siddons, secretary of the American Security & Trust Co., ‘was the other Washington banker to receive committee honors. He was gppointed to the Insurance Commit- tee, a group which considers a very wide range of insurance problems. A glance at the list shows the ap- pointments were made on merit. All have rendered valuable service to the local association, and have already done much for the national organiza- tion. Many bankers serve more than one year on A. B. A committees, which greatly limits the new appoint- ments each year. This makes the more notable the distinction given to Capital bankers by the new A. B. A. chief. Today’s Trading on Exchange. Riggs National Bank preferred stock sold at 106 today on the Washington Stock Exchange in 8 small-lot trans- action. This was up a full point from the last previous sale. ‘Washington Gas 6s, series B, opened with a $1,000 sale at 102!, off % from the last sale. Two baby Gas bonds then sold at 100, completing the day’s trading. Potomac Electric Power preferred stocks and both Washington Railway & Electric issues are now being quoted ex-dividend. The regular dividends are to be paid in a few days. In the! case of Washington Railway & Elec- | tric common, in addition to the $3 payment due at this time, an extra payment of $6 per share has also been voted. The bid for Railway & Electric common today stood at $640 a share, ex-dividend, against $650 yesterday. ‘The asked price was reduced to $710a share from yesterday's $725 figure. Azain no sales. Robert V. Fleming. i NANCIAL, By private wire direct to The Star. 12:45 p.m. Prev. 1035 Stockand Saies— High. Low. Dividend Rate. Add 00. 50 32 Abr & Straus(11.20) 20! 73 51 Acme Steel (12) 9% 4' Adams Expres: 28 Adams Millis (2) . 8 Addresso M (a30c).. 4'; Advance Rumley _. 612 Affiliated Prod(60c) 104% Air Reduction (13)- % Air-Way Elec Appl. 131 Alaska Jun (160c) . 3, Alleg Corp (d) . ___ 23 Alleg pf w$30w (d). 2 Alleg pf w8d40w (d)- 1% Alleg pf xw (d) 6% Alleg pr pf (d) : 21 Allegheny St (1) 125 Allied Chem (6) 12.. Allied Chem pf (1) < Allied Stores 40 Allied Stores pf (5). 12 Allis-Chalmers 14 Alpha Port Cmt (1) 214 Amal Leather 26 Amal Leath pf (12). 481 Amerada Corp (2) _ 41': Am Ag Ch(De)(3). 5 1312 Am Bank Note _ 32 43 Am Bk Note pf (3). 20s 21 AmBrkShoe (1) _ 8 119 Am Brk Shoe pf (7). 10s 110 Am Can (t4) 1 151% Am Can pf (7) 3 10 Am Car & Foundry_ 2! 25'; Am Car & Fdry pf__ & Am Chain 2% Am Chain pf (31% ) 66 Am Chicle (+3)____. Am Colortype 2 Am Comel Alcohol . 12 6': Am Crystal Sugar 56 Am Crvs S 1st pf(6) 50s ", Am Encaustic () _ 3 2 Am & Foreizn Pwr_ 20 2 Am & For Pw $6 pf. 4 Am& For Pw §7 pf_ 27 Am & For Pw 2d pf. £, Am HawailanSS(1) 3 Am Hide & L (new) Am Hide & L pf (n). . Am Home Pr (2.40). 175 Am Ice 4': Am International - 9 Am Locomotive 32 Am Locomotive pf Mch & F (80¢). 1 Mch & Metal Mch & Met vte Metal Metal pf (14) _ Power & Light » Am P&L $5pf(al’y) 10'. Am P&L $6pf(allz) 10': Am Radiator = 15% Am Roll Millsa30c. 66 Am Safety Raz (5)- 41: Am Seatine vtc 20 ~ Am Shipbldg (2) 31% Am Sm & Refining 121 Am Sm&Ref pf (.), Am Snuff (13) __ Snuff pf (8) Steel Foundry Stl Fdry pf (2). Stores (12) . Sugzar (2) ar pf (7) Sumat Tob (1) Tel & Tel (9)_ Tobacco (5) . + Am Tobacco(B) (5). ~ Am Tobacco pf (6)_ Am Type Fdrs (d) 9 Am Type F pf (d) 7. Am Wat Works_ 47, Am Woolen 35'. Am Woolen pf Am Writ Pap (d) 214 Am Writ Pap pf (d) 3 Am Zinc & Lead _ 8 Anaconda Copper-. 1614 Anaconda Wire._ 107x Anchor Cap (60c) - 96! Anchor Cap pf(613) AP W Paper 3'% Armour of Illinois s Arm'r(I11)pr pf(6)_ Armstr'g Cork (1) x Arnold Constable__. Asso Dry Goods 35% Atch To&S Fe (a2) . 667« Atch To&S Fe pt (5) 19': Atlantic Coast Line 3 AtlGulf & W Ind. 20'; Atlantic-Ref (1) 1063, Atlas Pwr pf (6) 4 Atlas Tack .. 15 Auburn Auto _ 6 3512 Austin N pf(A)(2). 30s 2% Aviation Corp(Del). 31 1'; Baldwin Loco (d) _ 13 71 Baldwin Loco pf (d) 2 712 Baltimore & Ohio _. « Baltimore & Oh pf_. 2! «Bang & Aroos (213) 2 3' Barker Brothers 24 Barker Brothers pf 100s i Barnsdall Corp t60c 2 19 14 Beatrice Cre (a50c) 108'% 100': Beatrice Cr pf (7) 95 72 Beech-. 14% 11'< Belding-Hem (1) 117 Bendix Avia (a23c). 15's Beneficial Lo (1%2)- 34 Best & Co (2) 21% Bethlehem Steel 554 Betb Steel pf (13 14%; Bizelow-San Corp_ 9% Blaw-Knox __ 61« Boeing Airplane ___ 397 Bohn Alum & Br (3) 90 Bon Ami (A)(4)__ 38% Bon Ami (B)(12)__ 21 Borden Co (1.60) 281, Borg-Warner (2)_ + Boston & Maine 81, Bridzep’t Brass 40c. 24!, Briggs Mfg (12) 2314 Briggs & Strat (3) .. 30% Bristol-Myers (2)_ 3612 Bklyn-Man Tr (3) 90 " Bklyn-Man T pf (6). . 1% Bklyn & Queens 43 Bklvn Un Gas (3).. 53 Brown Shoe (3) 3% Brunswick-Balke 4% Bucyrus-Erie 814 Bucvrus-Erie cv pf. 314 Budd(E G)Mfg 3 Budd(E G)Mfg pf._. 215 Budd Wheel _ 814 Bullard Co. _ 3% Bulova Watch . 'y Burns Bros (A)(d) - 14 Burns Bro B (d) Burns Bros pf (d) __ 13% Burr Ad Mch (160c) 1 Bush Terminal (d) 10 Bush Term B pf cod 1% Butte Copper&Zine - *. Butterick Co (d) - 11% Byers (A M) 32 Byers (A M) pf 01; California Pkg(1%) Calumet & Hecla T2 Campbell-Wy (1)_ 814 Can Dry Gin Ale._. &% Canadian Pacific 30 Cannon Mills (2) 4% Capital Admin (A) 45% Case (JI)Co._____. 3614 Caterpillar Tr (11).x 11 191; Celanese Corp 24 & Cent Aguire (1%) _ Central RR Of N J 6‘1 Century Rib Mills.. 50s 140s x 35 6 13% 12 106% 53|M Certain-teed Pr pt. 4% Checker Cab Mfg _ 3714 Ches & Ohio (2.80) . 36 Chesapeake Corp(3) 7 Chi & East I11 pf (d) % Chi & Grt West (d) - 15 Chi & Grt W pf (d) _ 15% Chi Mail Order (t1). 14 Chi Mil StP&P (d) . % Ch! M StP&P pf (d). 1% Chi & N W (4) 3% Chi & N W pf (d) 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf _ % Chi R1& Pac (d)__. 155 Chi R I&P 7% pf(d) 25 Chickasha C O (2) 312 Childs Co 31 . Chrysler Corp (3) _ 12 City Ice & Fuel (2)_ 69% City Ice&F pf (6%). 3% City Stores i 1214 Clark Equip (80c) 23% 27% Clev Graph Br (t1). 43 20 Cluett Peabody (1) 28 19% 15% Colgate-P-P (¥50c). 17% 106% 101 Colgate-P-P pf (6) - l 105% 41 9 Collins&Aik (a50c) x 9 39% 108 69% Collins & Aik pf (7) x 70s 108 5la 2 Colo Fuel & Ir (d) . 8 ) 281 5 ColoF & 1 pf (d)___ 240s 22 10% Colo & South . . 20s 17% 7 Colo & South 1stpf_ 90s 14% 6% Colo & South 2d pf_. 10s 15% 3% Col G & E (a20c)... 65 35'% Col G & E pf (A)(6) E 31 Col 3 & E pt (5) 3415 Columb Pic vte (t1) 67 Col Carbon new (+4) 11 3915 Comel Credit (2%). 23 2 56% Comecl Inv Tr(t2.80) 18 h 115% 111 Comel I T ev pf (6)- 2112 112 105 7% Comel In T pf (4%). } = o s PRI BN DD © wwhen wBown 6 100% 100 _ 67% +1% 97% +1% 48 =% 60% +2% 112 100% +1% 1421, 132 115 8 167 164 308 Ry 384 1302 10% /1 12:450m, Bales— Add 00. 1938 Stock and Low. Dividend Rate.. 1612 Comel Solv (160c).. 104 % Comw & Southern_. 154 29'% Comw & Soupf (3). 3 5’- Conde Nast Pub_ Congoleum-N(1.60). 10 9 Congress Cgr (a2) 16 ConnR&L.. 33 ConnR&Lpf 7 Consol Cigar.. ConCprpf ww 6% x 401 3% Consol Film __ 3 14% Cons Film pf (31% 157 Consol Gas N Y (1) 72'% Consol G N Y pf (5) 1': Consol Laundries__. 612 Consol Oil (a2ic) . 2'; Consol R R Cuba pf. 1. Consol Textile 1 4+ Container Corp (A). 30 104 274 Container Corp (B). 4': Contl Baking (A) s Contl Baking (B) 627 Contl Can (3) 7 Contl Dia Fib a1.0. 287, Contl Insur (11.20) . « Contl Motors 15'% Contl O Del a623ic 41% Corn Ex BK&Tr (3). 290s 60 Corn Prod Ref (3).. 20 4'% Coty Inc = 12 357 Cream of Wh 4 11% Crosley Rad (a25c). 11 231 Crown C &S (1) . 21 43'2 Crown C&S pf(2.70) 312 Crown Zelleb'k vte. 14 Crucible Steel - 47'; Crucible St pf !aOc ‘| Cuba R R pf Cubnn Am <uznr - Curtis Puhllchinz = “urtis Pub pf (7) 2 Curtiss Wright 14 Curtiss Wrizht (A). 73 Cushmanspf (T)___ 16 Cutler Hammer____ 6 Davega Stores 223 Deere & Co 231 Delaware & Hudson 11 De! Lack & West 11 Den&RioGW ,,run Detroit Edison (4) Devoe & R (11)(A) Devoe&R 1st pf ( Diamond Mtch t13 x .'w. Dome Mines (12)___ + Dominion Stores Douglas Air (a7 - Dresser M A(b13)_ s Dresser Mfg B _ '. Duluth § S & Atl __. ' Duluth S S&At pf_. 2 * Dunhil Internatl_ 86% Du Pont (13.60) 1267 Du Pont deb (6) . __ 104 Duquesne Lt 1st(5). 3% Eastern Roll Mills_. 1101 Fastman Kod (15) . 141 stman Kod pf (6) 16 Eaton Mfg (+1) ___ 3'¢ Eitington-Schild 19% Elec Auto L (a30c)_ 107 Elec Auto L pf (7)_. Electric Boat 5'. Elec & Mus Ind_ “Elec Pw& Lt _ 2 _l~ ec Pw & Lt $6 pf_ 3 " Elec Pw & Lt §7 pf .. Elec Stor Bat (214)_ ' Elk Horn Coal (d)__ Elk Horn C pf (d) indicott-John (3) __ £ Pub Sve $3 pf__ Eng Pub Sve $6 pf_. uir Office Bldg. 6% Erie R R 24 nt 10!z Eureka Vac C (80c). 15 Evans Products (1) 2 Exchange Buffet_ 53 Fairbanks Co __ 4 Fairbanks Co pf 17 Fairbanks Morse T11% Fairb’ks-M pf $31; 5% Fed Lt & Tr 54 FedMin & Smelt pf_ 3% Fed Motor T (a10c). 2 Fed Screw Works _ "« Fed Water Sve (A) 16« Fed'd D Strs (160c) 281: Fid Phoe F 1(71.20) 13" Firestone (40c) 841; Firestone nf(A)(6) 45 First Nat Strs (213) 19 Florsheim (1)(A) 21; Follansbee Bros (d) 20", Food Machine (1)__ 97« Foster-Wheeler 19% FourthN 1 ww al.10 171 Freeport-Texas (1) x 67 15 Fuller Coprpf.____ 120s 47 Fuller Co 2d pt s Gabriel Co (A)._. 1 7 GamewellCo . 5'.Gen Am Investors _ 32% Gen Am Trans(1%) 11% Gen Asphalt (a25c). 75 Gen Baking (60c) __. 514 Gen Bronze _ 2 Gen Cable 4 GenCable (A) 19 Gen Cablepf _ 50 Gen Cigar (t4) : Gen Cigar pf ( AR W IO LI YIS = NS K Gen Foods (1.80) Gen Gas& El (A)__. 26 Gen Motors (12) __. 107': Gen Motors pf (5) 3 Gen Outdoor Adv 10 Gen Outdoor Adv 175« Gen Print Ink(1.60) 1'x Gen Public Service. 15% Gen Ry Signal (1) __ %, Gen Realty & Util _ 14% Gen Real&U pf ww.. 16% Gen Refractories 14 Gen Stl Casting pf. 12 Gillett Saf Raz (1)- 70'; Gillett Saf R pf (5). 25 Gimbel Bros 18 Gimbel Bros pf_. 23 Glidden Co (1) * 1047 Glidden Co pr pf (7). 128 118 255 412 28% 23% 3 10% ’h 187 % q 1'« Gobel (Adolf)(d)... 14% Gold Dust (1.20) 111': Gold Dust pf (6) 7'z Goodrich (B F)_ 40~ Goodrich (B F) pf 15% Goodvear T&R ... 70 Goodyear $7 pf (4).. 213 Gotham Silk Hose 20 Gotham Silk H pf__. 1% Graham-Paige 514 Granby Consol 2'i Grand Union 14% Grand Un pf (112) . 181« Granite City Stl (1). 22% Granite City S rets_ 26 Grant (W T)($1). 95, Grt Northern pf __ 9% Grt North Ore (50¢) 26% Grt West Sug (2.40) 20%: Greyhound Corp. 4 Gulf Mobile & N 6 Gulf Mobile & N pf_. 4 Hall W F Printing_. 62 Hamilton Watch 1 63 Hamilton Watch pf. 10s 16 Harbison Walk (1).x 29 52 Hat Corp of Amer __ 4 81 HatCpfww (6%).. 20s 1% Hayes Body .. .__. 2 85 Hazel Atlas Gl (5) . 1 11 Hercules Motor (1). 14 71 Hercules Pwr (13)_. 1 122 Hercules Pw pf (7). 40s 104 Hershey C pf (14) 21 53 Holland Furnace._ 338 Homestake (¥12)._ 61, Houd-Hersh B (1) __ 49 House Fin pf (372)_ 1'2 Houston Oil (new) .. 43 Howe Sound (13)_ 2% Hudson & Manhat %, Hupp Motors.. 91 Illinois Central_ 15 Illinois Central pf__ 40 111 Cent lse lines (4) 30; 214 Indian Refining 2313 Indus Rayon (1.1 60 Ingersoll-Rand @) 46% Inland Steel (12) .- 2% Inspiration Copper_ 8% Interboro R T (d) 1% Intercontl Rubber.__ 1 2% 4% Interlake Iron__ 111 10% 2% Int Agricultural 5 3 26 Int Agricul prpf_ 3 31% 149% Int Bus Mach (16)_. 3% Int Car'rs Ltd (20¢) 227 Int Cement (1) 34% Int Harvester(60c). 1% Int Hydro Elec (A). 1% Int Merch Marine__. 22% Int Nich Can(a75c). 1% Int Paper & Pw (A). 3% Int Paper & Pw (B). 3 Int Paper & Pw (C). 414 Int Paper & Pw pf__ 21'% Int Print Ink (1.40). 98% Int Print Ink pf (6). x 12 104% 3 6% 2 19 THE EVENING STAR, WASHINGTO 20% 2% 65 9 4015 20 324 W 32 l 117% 116 117 102 18" 2% 10% 3 3015 180 9 321 59 3% 3% 36% 2% 1% 1 14% 3743 Net. . Low. Close.Chge. | Hig! Low. 21% + % 2% = % 66 9 40%; = 14 20% 1813 =1 33 -1 R =t 3% +3% 5% + % + % 104% +315 31% +1% 180 % + % 34 +1 621 +4% 3% — 1 3% + 1 38 +1% 20s 12% 12% 12% + '3 1 27% 27% 2T — % 2 48% 2 231 60% Int Silver pf (‘)—- 208 77 48% 22 % 48% 4+ % 231 ~1% <76% vla 12: 45Dm. Stock and Bale Dividend Rate. 5% Int Tel & Tel _ 16% 87 Interstate Dept Str- 36 2415 Island Creek C (2) . 67 49 Jewel Tea (3)___._. 97 38': Johns-Manv (a50c). 90 50 Jones &Laugh7%pf 3605 120 115% Kan C P&L1st pf(6) 20s 3% Kans City Southn__. 4 6% Kans City South pf_ 23 7! Kaufmann D S(80c) 6 6 Kelsey-Hayes (A)_. 18 314 Kelsey-Hayes (B) 10% Kelvinator (t50c) .. 13% Kennecott C (80c) __ 10 Kimb Clark (a2ie) 23 Kinney (G 1) Co pf 19% Kresze (S S)(1) 22', Kroger G&B (1.60)_ ll‘ Lambert Co (2) : Lee Rub&Tire (50¢) 89% Leh Port C pf (312) Lehigh Valley Coal. 51 Lehigh Val Coal pf_ 5 Lehigh Valley R R_ 67'x Lehman C (12.40) _ 10' Lehn&Fink Prod(1)x » Libby McNeill & L 21l.- Lib-O-Ford G1(1.20) 21 Life Saver (1.60) . 4 Ligg & Myers (14) x “ Ligg&Myers (14) Bx 15': Lily Tulip Cup(1%3) 13'2 Limg Locomotive. 17% Link Belt (80c) _ 24'; Liquid Carb (11) 31% Loew’'s Inc (2) 102 Loew's Inc pf (612). 1 LoftiInc __ 1% Long Bell Lum (A). 33 Loose-Wiles (2) 18! Lorillard P (11.20) . 124 Lorvillard P pf (7) “. La Oit Ref (d) = 10 Louisv G&EpfA 114 ash (a213) 1038 125 1’1'7 o b mmaBee?H 34 Louis&> 12% Ludlum Steel - 90"y Ludlum \llh((fi' ). Stores (d). Strs B (d) Strs pf (d) + Mclntyre Porcu(2) - McKeesport T P (4) McKesson & Rob . cKesson & Rob pt. 8!: McLellan Stores.__.. 18% Mack Truck (1) ____ 30'; Macy (R H)& Co(2). 18% Magma Copper (2)_ 4 Manati Sug pf (d) .. 29 Man Elev gtd (d) ... 13% Man El md gtd (d) . 10 Manhat Shirt (60c). 5‘. Marine Midld (40c). s Market St Ry . l‘. Market St Ry pr pf. Marlin-Rockwell(2) tv'o Marshall Field & Co 4 Martin Parry - « Mathieson Alk 173 » May Dept Str (1.60) x Maytag Co.. Mengel Co - '« Mengel Co pf Mesta Machine ("L > Miami Copper Mid Cont Pet (a40¢) Midland Steel Prod 60"y Midl'd Stl 1st pf(8)_ 58 Minn Hon R (3) ___ *. Minn Moline Pwr s Minn & St L (d) 1 M St P&S S MIsIn lnl. Mission Corp Mo Kans & Texas R P FERR P tp=yt 90 Mo Pacific (d) . _ Mo Pacific pf (d) - 10% Mohawk Carp (1) - 55, Monsanto Chem(t1) 3y T's Motor Wheel (S"c). 4 Mullins Mfg (A). Mullins Mfg (B) . sh Motors (1) _ shv Chat&St L Nat Acme Co Nat Aviation at Biscuit (1. Nat Cash Regu('c)_ 17 Nat Dept Str pf (d) 3's Natl Distillers (2) . Nat Lead (5) \az Pwr&Lt (60c) - 36 Nat Supply Co pf 11 8'; Nat Tea (60c) 12° 7'z Natomas Co uznc\.. 431 = 109 4%, Newport Industries 18 18': N Y Airbrake . _ 7 N Y Central RR _. 387 N Y Chicago & StL. 10 YChi&StLpt ¥ Y Dock ot H & H (d) H & Hpf (d)_. N Y Ontario & West 6= N ¥ Shipbuilding 3 Norfolk Southn (d). 158 Nortolk & W (18) __ 4 2 North Am Aviation_ 210 9 NorthAmCo (1) . 60 12 North Am Co pf (3) 2 North Ger Lloyd. 1 Northern Pacific __ 135 357 Northwest Tel (3) .. 20s 1's Norwalk Tire&Rub. 5 914 Ohio Oil (a30c) .___. 21 16% Oliver Farm Equip. 4 31: Omnibus Corp vtc .. 62 4% Oppenheim Collins_. 6 1115 Otis Elevator (60c). 16 41, Otis Steel 21 221, Otis Steel pr pf_ 80 Owens-Ill Glass(4). 14 Pac Am Fisheries _ 1 Pacific Coast 2d 13% Pacific G & E (113) - 19 Paclfic Ltg (2.40) 12 Pacific Mills____ 6% Pac Wes Oil (b40c)- 32 Packard Motors 8 ParamountPictures 76 Param't Pic 1st pt__ 914 Param’t Pic 2d pf. 11 Park & Tilford. 2' Park Utah __ *, Parmelee Transp' 47« Pathe Film Corp_ 8! Patino Mines 1, Peerless Motor _ 643 Penick & Ford (3) . 57t Penney J C (2) 3 17% Penn R R (a50c) - __. 30 PeoplesDS (1) __ 108% Peoples D S pf(6%) 43': 17% Peoples Gas Chi. 9% Pere Marquette 13 Pere Marquette pf_. 16'; Pere Marq prpf . 75 Petr C of Am(a33c). 11 Pfeiffer Brew (11)_. 12% Phelps Dodge aj0c._. 23 PhilaCo 6% pf (3)- 1% Phila Rap Tr (d).__ 40s 312 Phila Rap Tr pf (d) 140s 1% Phila & Read C&I__. 15 35% Philip Morris (1) . 9 13% Phillips Petrol (11). 50 3 Phoenix Hoslery_ 3 . 1, Pierce Oil 6's 2% Pierce Oil pf - 1's 3 Pierce Petroleum__ 3712 31 Pillsbury FI (1.60)_x 180 172 Pitts FW&C pf (7)_ 30s 9 5'% Pitts Screw & Bolt_ 22 55 22 Pitts Steel pf _ ___ 210s 3% 1% Pitts United Corp 3 2414 Pitts United C pf. 6% Pitts & W Va _ 6% Plymouth Ofl_. 614 Poor & Co (B) 1% Porto R Am Tob(A) % Porto R Am Tob(B) 4% Postal Tel&C pf (d) 5% Pressed Stl Car (d). 62 Pressed St C pf (d) 53% 42% Proc&Gambl (113) 121 115 Proc & Gam pf (5).. 45% 20% Pub Sve N J (2.40)_. 62% Pub Sve N J pf (5)_ 73 Pub Sve N J pf (6)... 29% Pullman Ine (13)_. 5% Pure Ol _ __ 49% Pure Oil 8% pf_ 11 8% Purity Bakeries (1) 4 Radio Corporation 1450 50 Radio Corppf A3y 35% Radio Corppf B ___ 1% Radio-Keith-Or(d). 4% RRSecIllCent___. 161 Raybestos-Man(1) 29% Reading (2) 31 Real Silk Hoslery... 20' Real Silk Hos pf___. % Reis (Robt)__. A < 170s Afld 4-0 High. 12% Net. [ 116 D. C, THURSDAY, NOVEMBER 14, 1935. OUTINSTRANSACTIONS ON THE NEW YORK STOCK EXCHANGE an 1935 4‘& 19% 96% 11% 271} 387w 28% 50! Net . Low. Close.Chge. 3% 9 Republic Steel _ 28% Republic Steel pf___ 784 Republic Steel pf A. 5' Revere Copper 75 Revere C& Bpf. 17% Reynolds Met (1)._x 15 12% Revnolds Spring (1) 11 55'% Reynolds Tob (3)__ 10s 43'¢ Reynolds Tob B (3)* 24 217 Ant Ltd a76c 3 D(al1.701-10) 2 v Stores (2). - 20 4 St Joseph Ld (40c). 19 .~.v L-SanFrof ). 6 --. 180s l L Southw'npf __ 10s ‘avage Arms 2 Schenley Distillers . 28 Schulte Retail Strs 3 Schulte R Strs pf _ 210s Scott Paper (1.80) _ 20s Seaboard Air L (d)_ 10 Seab’d O Del (160c) 3 Sears Roebuck (12). 61 Second Natl Inve 2 Sec Nat Inv pf ¢ 808 Servel Inc (al233¢). 61 Sharon Steel Hoop ... Sharp & Dohme Sharp & D pf (3%) 744 Shattuck (F G)(25¢) 513 Shell Union Oil 63' Shell Union Oil t 8% Silver King C (40¢c). 6 Simmons Co . 4% Simms Petr (laoc)_ 613 Skelly Oil s 13 Sloss-Sheflield Stl 24 Sloss-Shef St pf___ 250s 15'% Snider Packing ... 4 10% Socony-Vac (30c)__ 26 20 So Porto R Suz (2)_ 19 32 SoPorto R S pf (8) 9 1’“ outhern Railway . outhern Rv pf paldins (AG)1st pf 50\ parks-Withington 16 314 Spear & Co 240s 32 Spencer Kell (1.60) 714 Sperry vtc (aZic) 3314 Spicer Mfg s Spiegel-May-S (3) tand Brands (80c). tand Com Tobacco Stand Gas & El (d) 1% Stand G&E $4pf (d) 10 277 Stand Oil of Cal (1) x 26 111 Stand Oil Exp pf(5) 1 23 Stand Oflof Ind (1) x 19 5. Stand OIIN J (1) x 12 12'; Starrett (L $)(1) 58% Sterling Prod (3.80)x 315 Sterlinz Secur pf 6°» Stewart-Warn t30c._ Stone & Webster 214 Studebaker Corp - 11 Superheater (30c) 1% Superior Oil 5 wift & Co (11) ___ 6% Telautograph(60c) . 4 Tennessee Corp ___ 161 Texas Corp (1) 28% Texas Gulf Sul (2) . 14 Texas& PacRR _ 3% Tex Pac Coal & Ofl 81 Tex Pac Land Trust 13's Thatcher (1) 21 Thermoid Co 16 Third Nat In (a%c) 13*. Thomupson Prod 15, Thompson Starrett_ 17 Thompson Star pf . T Tide-Wat Asso Qil 84 Tide-Wat A O pf(6) 4% Timken-Detroft ___ 28°% Timken R B ( T'4 Trans & Westn Air 47, Transamerica (30c) 5's Transue&Williams. 17 Tri-Contl Corp 69 Tri-Contl C pf (6)_ 3% Truax-Tra Coal 312 Truscon Steel __ 13 2uth Century Fox '01 20th Century Fox vr : Twin City < IF Twin City R T pf. 4 Ulen & Co l* Und-Ell-Fisher (2) 29 Union Bag& Pap (2) 44 Union Carb&C(1.60) 14% Union Oil of Cal (1) 82'; Union Pacific (6) nion Pacific pf (4) 20's Un Tank Car (1.20) x 974 United Aircraft 4': United Air Line vte 20" United Bisc (1.60) 111 United Bisc pf (7) . 14!y United-Car Fast(1). 46 United Carbon 2.40 : United Corp @ wes B3l naR » United Dyewood United Dyew pf (7) 4 United Elec Coal___ 60': United Fruit (3) °u United Gas Imp (1) 2 Cnited Gas 1 pf (5) - % US Distributing 4 ] S Distributing pf 620s 4' U S & For'n Secur 12 65 US&Fors1stpfé U S Freight (1) .. : US Gypsum (f1)._. U S Hoffman L US Ind Alcohol (2). 34 US Leather vte __ 7': U S Leather (A)vte. 14% U S Pipe & F (50¢) 19% P&F 1st pf 1.20. 3 US Realty & Imp_ 9‘ U S Rubber __ U 'S Rubber 1st pf _ U S Sm & Ref (a8)_ LT T 5 U S Steel pf (2} ____ 3': United Stores (A)-. 46 United Storespf . 51 Univ Leaf Tob (2). 33' Univ Leaf T pf (8) . 29 UnivPicistpf__ _. “s Univ Pipe&Rad (d). 9% Umiv P&R pf (d) _. 1 Util Pwr& Lt (A)_ 12 Vadsco Sales Corp.. 19'; Vadsco Sales " pf._ 11% Vanadium Corp ___ 11'¢ Van Raalte (a50c) .. 34 Vick Chem (12)____x 215 Va-Car Chemical __ 1713 Va- Car Chem 6% nf 2 Va Iron Coal&Coke. 15 ValronC&Cpf 63'z Vulcan Detin (a4) . 1 Wabash (d) 1% Wabash pf (A)(d). 1 Wabash pf (B)(d) . 41« Waldorf Sys (50¢c) 2 26% Walgreen Co(al.30) 16 114 Walgreen pf (612)_ 150s 1's Walworth Co (d) 9 281, Ward Baking pt @) 1 Warner Bros Pic___ 14'; Warner Bros Pic pf. 3 Warner-Quin (d) 2'; Warren Bros _. 20% Warren Fdry&P(1). 4 Webster Eisenlohr_. 30'; Wesson O&S(150c) . 34 West Pa Elec (7)A_ 36 West Pa Elec pf(6). 397 West Pa Elec pf(7)_ 95 West Pa Pwr pf(6). Western Maryland - Western Md 2d pf__ 11, Western Pacific 23, Western Pacific pf_. 5 20% Western Union _. 102 18 West'gh'se A B50c. 65 32% Westingh'se El(al) 104 90 West'g'se 1st pf 31z 10s 10 Weston Elec Ins . 7 29 Weston Elec (2) A_. 10s 16% Westvaco Chl (40¢) x 15 14% Wheeling Steel ___. 11 46'; Wheel Stl pf (31%3). 1 67 White Motor 7 12% White Rk M S(1.40) 6 White Sew Mch pf__ 1 1 WilcoxOil&Gas_ .. 2 3% Wilson & Co (50¢c)- x 55 58 Wilson & Co pf (6)- 4 51 Woolworth (2.40).. 71 113% Worthington Pump 2512 Worth Pump pf(A) 20 Worth Pump pf(B). 35% Wright Aero_______ 3% Wrigley W jr (13).. 23% Yellow Truck w45 31' Yellow Truck pf 18 Young Spr& W (2) 4 13 Youngstown S&T... 122 1% Zenith Radio ..... 21 2% Zonite Products_... 27 Rignts Expire. % Budd Mfg. Apr.16 12 IR %, I44444 141 +44 35% 13% 6 1% 1% Approximate Sales of Stocks on the N. Y. Stock Exchange. 1 8 Unit_of trldnu less ih extrs. year. X Ex-at -1,000,000 12:00 Noon e P.M. 120, hares. tAnnbal rate plu R raulated Aividends, & Baid this Tedr. b Faid Tast g Gompanies reported in Tecesvership or being reorg: anized. 1,810,000 000 0 A M. 0 P.M. _2560000 FINANCIAL, STOCKS SWEPT UP 5110 §3 OR MORE Close Strong After Fastest Session in 18 Months. Steels in Lead. STOCK AVERAGES Indos. RAs. T auu +8 +9 +3 +17 743 430 547 3.5 427 54.0 69.9 379 505 53.4 261 39.8 74.0 431 540 49.5 216 3438 614 406 514 453 228 242 349 1932 175 87 239 169 1929 high ..146.9 153.9 184.3 157.7 1927 low... 51.6 953 618 618 Net change. Today, ncon Prev. day.. Month ago. Year ago. 1935 high.. 1935 low.. 1934 high 1934 271 26.2 24.2 26.5 216 185 43.0 (Compiled by the Assoclated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. i NEW YORK, November 14.—A de- 208 3 . s | cidedly bullish stock market today saw i prices whirled upward for gains of 1 to 3 or more points in the fastest session in 18 months Steels. rails and specialities were in the forefront of the forward rush and numerous new highs for the past four | years or longer were recorded. Profit- taking was well absorbed. The closa was strong. Transfers approximated 3,900,000 shares. The late rally of Wednesday, com- bined with cheerful news headlines, acted as a spur to buying sentiment. Blocks of 1000 to 10,000 shares i changed hands at the opening, with the largest single trades in the firsy hour falling to United States Stee] and Radio common. The ticker taps was frequently behind floor transace tions. Orders came to the wire houses from all over the country and frcm | abroad. Much encouragement was derived | from the ability of tne carriers to Jjoin | the steels in the recovery van. Wheat | and cotton followed stocks, and bonds were not far behind. Foreign exchangey were relatively steady, with Far Easte ern silver currencies improving sube stantially. Among the most pronounced share gainers werc United Siates Steel, Bethlchem. National Steel. Youngse town Sheet & Tube, Republic Steel, Santa Fe. Delaware & Hudson, New York Central. Great Northern, Chesa« peake & Ohio, Case, Chrysler, General Motors, International Harvester, Deere, General Electric, Sears Roes buck, Montgomery Ward, Johns-Mane ville, American Telephone, Western Union. Radio preferred B and come mon, Loew's, Greyhound Corp., Dy ! Pont, Union Carbide. Douglas Aire craft, International Nickel and Amerd ican Smelting. Union Pacific way about even most of the time. New York Cotton By :he Associated Press NEW YORK. November 14.—Cotto showed increasing activity anq strength today on more general buye ing from both trade and speculativd sources. A bullish interpretation of Sccretary Roper's speech and feacq that unfavorable weather in the Southe would both damage grades and shorte § vields in the Western belt were s2id to be factors in the improvement. Prices made new high ground for il season, with December selling up t¢ 11.83 and May to 11.60, or about 20 t§ 23 points net higher. and the marke} was within 2 or 3 points of the besf around 2.30 o'clock. | Putures closed very steadv. December .. | Javuary Cottonseed Oil. Bleachable cottonseed oil futureg | closed firm. December, 10.66a10.673 January, 10.63b; March, 10.64a10.65; May, 10.63a10.65. Sales, 103 cone tracts including 30 switches. b—Bid, Liverpool Qllollllomt _LIVERPOOL. November 14 (#.—Cottor 27,000 bales. ‘including 17.000 Americar Spot in yood demand; prices 4 point iower. Quotations i pence. Americag strict sood middling “good middlini middlin; g Tow mig: €0od ordinary. 6. Futures closed very 5»”. January. 6473 6.40;" July, 6.36; Oce st | 800d ordinary. 5.7 steadv. December. March. .43 May. tober. £.17. s | By the Associated Press. CHICAGO. November 14.—Righte about-face action in the wheat pi§, today whirled prices more than 2 centd upward in short order. Rushes to purchase wheat futurey | here were encouraged by surprising buoyancy of the wheat market both | at Liverpool and Buenos Aires, and by | New York stock market strength. | Special notice was taken of Canadian | official crop figures showing reduced production compared with forecasts a month ago. Wheat closed strong, 1 to 2 centy up; December, .95'sa’s. Corn, s 14 7s advanced; December, .5934a. Oats unchanged to '; higher, and ‘ provisions showing a rise of 12 to 20 High M1y i1y Close 95 18- e Chicago Cash Market. Cash wheat, No. 2 red, tough, 98; No. 3 mixed, 1.00; corn, No. 5 mixed, 60; No. 3 yellow, 65; oats, No. 3 white, 29';-31; sample grade, 23-29; no rye; buckwheat, No. 2, 1.01-02; soy beans, No 2 yellow, 80 Chicago; No. 3 yellow, 79 Chicago; barley feed, 30a45; malte ing, 38-78; timothy seed. 2.60-3.00 ;| cwt.; clover seed, 11.50a15.85 cwt. Liverpool Grain Prices. LIVERPOOL. November 14 (7).—Wheat futures closed firm. High. Low. Close. December ... R73 K7 R73% March TIN PLATE FIRMS BUSIER. NEW YORK, November 14 (#).— Tin plate manufacturers are operats ing at 70 per cent of standard running time, against 50 per cent last munflt says the American Metal Market,