Evening Star Newspaper, September 5, 1936, Page 10

FINANCIAL. GAIN IN VOLUME Display Satisfaction Over Present Price Levels and Trade Trends. BY EDWARD C. STONE. Leading Washington brokers expect an increase in the volume of trading after Labor day on the New York Btock Exchange and other exchanges, but do not expect any startling upturn at this time. Considerable satisfaction is ex- Prev. By Privaty Wire Direct to The Star. 1938 Stock and Low. Dividend Rate. 59 Aume Steel Co (125 9% Adams Exp (a20¢) - 2214 Address’graph(60c) 58 Afr Reduction (11). 2 Alr-Way Elec Appll 18 Alaska Jun (t60¢).. 2% Alleg Corp (d) 12% Alleg pt w$30w (d). 12% Alleg pf wS40w (d). 1214 Alleg pf xw (d) —__ 27 Alleg pr pf (d) 23 Allied Mills (ab0c). 6% Allied Stores 35% Allis-Chalm (13%) 2% Amal Leather. Amal Leather p! ‘Amerada Corp (2) . Am Ag Chm Del(3). Am Bank Note (1)_. Am Bnk Note pf (3) Am Brake Shoe 1.60 THE EVENING STAR, WASHINGTO 2 23 10 13% 27 Net |High, Low. Md 00- l!fl. Low, Close. Chge, 42 Devoe&Rey (A) (2) 33 Diamond Mtch t1%. 88 Dia Matchpf 1% . 18Y% Dist Corp Seag Ltd. 41% Dome Mines (12) ... 50% Douglass Afrcraft.. 29 Dresser A (b13%)._.. 4% Dunhill Internatl__. 8! 167% 133 Du Pont de N 13.60. 5% Eastern Roll Mills... 28% Eaton Mfg (2) 5% Eftington-Schild 30% Elec Auto L 11.20... 10 Electric Boat. 6% Elec&Mus In( 29% Elec Pw & Lt 36 pf_ 32% Elec Pw & Lt 37 pf_ 42% Elec Stor Bat (12).. 5% Equit Office B a20c. 11 ErieRR . 16 Erie RR1stDp blvim‘ llh A“ - LIRS 11 ...............g - D. C, SATURDAY, SEPTEMBER 5, 1936. BOKERSEPET [TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE, Prev. 1036 -~ + ;\‘_—+4+++| 1+ FEFRLEFESF » & Y £ * .._........ FFEEEES ++ H 28 ¥ 1936 lllh. Low. 300 210 Norfolk & W (18)__ ll;& 105 Norfolk&Wn pf(4). 6% North Am Aviation. 23% North Am Co (1)__. Northwest Tel (3)_. 2 Norwalk Tire&Rub. 124 Ohio Ofl (50¢) ... 24% Oliver Farm qulip. 70 Otis Blul orot 47 Outlet Co (12) Dl'lflflfl)llu moo.m h. Low. Close, 108 3 108 [] 4 108 1275 2756 275 +1 40s 109% 109% 109% 11 8% 8 8 12 33 308 11 s B3 146 146 146 135 135 135 1% 29% 3% 9% 99 3y — ’K 9% + 99 99 33 27% + 52 — 2% 13 41% 19% + 13+ 16% + 4% — 53 1% 1% 99% 99% +4Y 85% 18 13 % % L EEFEL Prev. 1036 Close. Chge, | High. "Low. -2 63 Spiegel-May-8 (3) . 14% Stand Brands (80c) 91; Stand Com Tobacco. 5% Stand Gas & El (d)- 9% Stand G&E $4 pf (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 pt (d) 35 Stand O of Cal (11). 32% Stand Oil of Ind t1. 25 Stand Oil of Kans. 51% Stand Ofl of NJ (11 16% Stewart Warn(50¢). 14% Stone & Webster 9% Studebaker Corp... 72 SunOfl (11). ... 27 Superheater (50¢c).. 3 Superfor Ofl _ - 9% Surerior Ste 23 Sutherlnd Pap 11.60 20% Swift&Co (1) .. 28% Swift Intl Ltd (2). FINANCIAL. 2 84% 15% 10% 154% 10% Th 20% 54% Dividchd Rate. "Add00. High. !:: Close. unn Y% B4k + % 15% 10% — % 8Y 21% 55% 61% 357% 3T% 26% 62 20% + 19% 14 9% 3% 4 +1 +1% +3% + % - + % 341 m 128 Owens-111 Glass (5) 17% 13 Pac Am Fisher (1). 1% Symington (d) . 5% Symington A (d) RAILS TAKE LEAD ONSTOCK MARNc Rise Fractions to Point or More—Pull Many Others With Them. Stock Averages 526 68.6 523 68.2 534 69.6 Indus Rlfll Net change. +.4 +.4 fl.l Today, close. 90.4 Prev. day... 90.0 Month ago. 92.0 40.7 413 16% 16% 6 6 38 37% 38 53% b53% 4 16% 13715 115% Am Can (14) _ 4 169 162% Am Can pf (7) 48% 30 AmCar& Foundry. 601 31 Am Chain 133% 114% Am Chain pf (“%) pressed in the financial district over the prevailing high price levels and the fact that most of the best busi- ness and stock indices still remain fa- 9% 3% Pacific Coas = 41 30% PacificG&E (1%). 58% 47% Pacific Ltg (2.40) 19% 14% Pacific Mills __ 23% Evans Products (1) 34% Fairb’ks-Morse(t1) 31% Fajardo Sugar (2).. 18% Federal Lt & Trac .. 269 413 302 312 383 49.9 534 434 447 Year ago... 67.3 1936 high.. 92,0 1936 low.. 134 1935 high... 76.3 6% Telautograph (60c) 5% T4 see Corp Corp'n (11) . 33 Texas Gulf Sul (2)_ ] PEFFEEF ¥ 551 26% vorable. These factors should tend toward an increase in business on the exchanges, brokers say, and many ‘broad markets are expected during the Fall season. There is always a lot of talk before Labor day about the time when the “big traders wil be back in the mar- ket.” As a matter of fact, many of the so-called big traders keep in touch with the market while on their vaca- tions. All the best resort hotels have close market connections and many market followers keep private wires busy all Summer. Few, brokers as- sert, return from vacations without having transacted any business since June. Brokers here agree with reports from New York that public participation in the market is not extensive. This sit- uation is more or less mysterious in view of the statements regarding so much idle money awaiting investment opportunities. Some blame over-the- counter trading, which the Securities | ‘Exchange Commission is still trying to regulate more effectively, for the com- paratively small Wall street volume. August was a good month. The mar- ket value of 100 common stocks on the New York Exchange gained over $267,- 000,000. The improvement in prices, which started last April, continued. The rest of September will be closely ‘watched. Brokers are optimistic while bond dealers are especially cheerful | because of the interest in senior securi- ties and the number of new issues and refunding issues coming out in the next few weeks. Crop Averages Compared. Crop conditions in the fifth Federal | reserve district, says the Bank of Richmond, are much worse than they ‘were a year ago, and also below the 10-year average. With average August 1 conditions for 32 leading crops during the 10 years 1921-1930 as a base, or 100, average condition figures on August 1, 1936, were as follows in fifth dis- trict States: South Carolina. 99; North Carolina, 97; Maryland, 96; Virginia, 85, and West Virginia, 76. Last year's August 1 composite con- dition figures were South Carolina, 1259, the highest average for any State in the United States; West Vir- ginia, 112.4: North Carolina, 1116; Virginia, 110.5, and Maryland, 107.5. The poor condition figures this year are due to excessive rainfall during the late Winter, which delayed prepa- ration of soil and planting of crops, followed by a drought which began in April and lasted three months or more, | retarding germination of seed and growth of the plants which came up. The Richmond Bank, however, stresses “the fact that better farm | prices will have much to do in off- setting the lower yields by the end of the season. August Financing Increased. State and municipal financing for the month of August aggregated $62.- 753,105, as compared with $52,743,044 in August, 1935. During the month of August P. W. A. financing @s compared with $274.000 P. W. A. financing and $856,625 R. F. C. financ- Ing for August, 1935. The revised total for July, 1936, was $53,744,982, of which $127,000 was P. W. A. financing and $89,000 was R. F. C. financing. The total for the eight months of this year is $748,525,078, a8 compared with $746,773,938 for the similar period of 1935. Voters of 114 municipalities located in 31 States, during August, approved municipal bond issues aggregating $7,186,700, as compared with $9,685,- 255 bonds approved during July, ac- cording to the Daily Bond Buyer. ‘The total for August, 1935, was $15,- 869,095. Heard in Financial District. George E. Fleming, vice president end assistant trust officer of the Union Trust Co., is leaving the Capital today for a months vacation, He will visit Canada and take an extended steamship trip in the waters north of the St. Lawrence River. Hearings in the Security Exchange Commission’s study of investment trusts will be resumed about Septem- ber 14, officials say, and continue without further adjournments until the public probe has been completed. Members of the Association of Band ‘Women will hear several noted educa- tors during their convention in San Francisco. Miss Susan B. Sturgis, essistant branch manager, First Na- tional Bank of Boston, president of the organization, will preside at all sessions which will take place while the A, B. A. is also meeting there. ‘One of the speakers from the East will be Elizabeth S. Grover, manager, women’s department, of the Chase National. Prices on the Washington Stock Exchange held firm during the present | week. There was a market revival in activity in Mergenthaler Linotype and et higher prices. In the face of a heavy drop in net earnings of the Capital Transit Co., the stock held its own, ending the week's trading yes- terday at 13. Bonds drew their full share of attention at firm quotations. President Karl W. Corby presided at the District Bankers Association weekly luncheon yesterday. During his vacation Thomas J. Groom was acting head of the organization. NEW YORK BANK STOCKS Yol tember 5 (P).—New Yorr Becurity Deaters! Asiocigtion: k of Ma nkers Cen Han Chase Nat Chem Bk FOREIGN MABKETS. L. September 5 (P.—Aided lnnumem buying o! futures and LIVERPOO! hy l\;ru ot unnrm fs ¥ ited totaled $119.606 and | R. F. C. financing totaled $14,184,000 13% 325 991y 5 14% 3T 8T 274, 34 3954 2814 331 91y 441 130 36 635% 58 19% 1051 104% 69% 6% 83 31% 57k 4% 12u 20% 59 36% 377% 23%, 107% 103 13614 80% 82% 24% 5% 82 8 4% T 44% 30% 7% Am Colortype 2013 Am Comcl Alcohol 89 Am Crys S 1st pf(6) 31 Am Encaustic__ 9% Am European Se 613 Am & Foreign Pwr. 25 Am & For Pw $6 pf_ 29% Am & For Pw $7 pf. 12 Am & For Pw 2d pf. 13 Am Hawailan (1) __ 5% Am Hide & Leather. 37 Am Home Pr (2.40) 214 Am Ice_ 17% Am Ice pf (2)-. 9% Am International 23 Am Locomotive 21 Am Mch&Fy (80c)- 27 Am Metal 714 Am Power & Light_ 36% Am Pwr&Lt pf (5)- 43 Am Pwr&Ltpf (6)- 18% Am Radiator(al5c) 233 Am Rolling M(1.20) 36 AmSafety Rn (2)- 18 Am Seating__._ 25% Am Shipbldg (2) 56% Am Smelt&Ref (2). 20'; Am Steel Foundry. 107% Am Stl Fy pf $2% 24% Am Stores (2) 481 Am Sugar (2) _ 20% Am Sumatra Tob t1 14913 Am Tel & Teleg (9) 8812 Am Tobacco B (5) .. f7% Am Type Founders. 19% Am Wat Wksa20c.. 7% Am Woolen 543 Am Woolen pf(33)_ 315 Am Zinc & Lead .. 28 Anaconda Cop (1) .. 5 Anaconda Wire(2). 514 Anchor Cap (60¢) 9 Andes Copper _ 4% Armour (Iilinois) - 474 Armstrong C (13%)_ 7'z Arnold Const (50¢). f% Artloom Corp 2% Asso Dry Goods .. Atch To& S Fea2_ . 21% Atlantic Coast Line 11 AtlGulf & W Ind 1313 Atl Gulf&W Ind pf_ % Atlantic Ref (1)___. 5% Austin Nichols _ 4% Aviation Corp (Del) 21, Baldwin Loco () Baldwin Loco pf(d) « Baldwin Lo asd(d) 157« Baltimore & Ohlo Baltimore & Oh pt 417 Bang & Aroos (216) 110': Bang & Aroos pf(7) 1314 Barker Brothers _ 21, Barker Bros pt 14'« Barnsdall Ofl (80c) 16% Bayuk Cigars (75¢) 18 Beatrice Cream (1) 13 Belding-Hem (1) 21% Bendix Aviat'n (al) 20 Beneficial L (t1%). 48 Best & Co (12). ... 45% Beth Steel 16'x Beth St15% pf(1)_. 10732 Bethlehe Stl pf(7)_. 23 Bigelow-San (1) ___ 144 Blaw-Knox (40c) - 167x BoeingrAirplane. 41 Bohn Alum&Br (3) 804 Bon Ami A (4) Bon Ami (B) (2%)_ % Borden Co (1.60) _. 64 Borg-Warner (13) .. 6 Boston & Maine 121 Bridgp't Brass t40c 43 Briges Mfg (12) 401, Bklyn-Man Tr (3) 97% Bklyn-Man T pf (6) 413 Bklyn & Queens 4413 Bklyn Un Gas (3) __ f1y Brunswick-Balke 874 Bucyrus-Erle 9% Budd (EG) Mfg. 8% Budd Wheel 20% Bullard Co (a50c) . ' Bulova Watch __ Burr Ad Mch(160c). 23 Bush Terminal (d). 2% Butte Copper&Zine 1612 Byers (A M) 541x Byers (A M) pf 22 Byron Jackson t1.. 30% Californta Pkg(1%) 5 Callahan Zinc 6 Cal & Hecla (a50c).. 30 Campbell Wy (t1).. 10% Canada Dry G A __. 107 Canadian Pacific 37 Cannon Mills (a2) . 6% Carriers & Gen 20c 54% Caterpillar Trac(2) 21% Celanese Corp a50e. 19 Celotex Coro 54 Celotex Corp pf 25% Cent Aguire (11%)- 6'4 Century Rib Mills_. 47% Cerro de Pasco (4) - 814 Certain-teed (new) 80%: Certain-teed 7% pf 101 Champ Paper pf(6) 51 Ches & Ohio (2.80) 27 Chi & East I11 pf(d) 4 ChiGrt Wof (d) _. 25% Chi Mall Ord(t1%) 27 Chi M St P&P pf (d) 213 Chi & N W (d) -— 6% Chi & N W pf (d) _. 1213 Ch1 Pneumatic Tool 40% Chi Pneu Tool pf__. 1%2 Chi R [&Pac (d) 20 Chickasha CO (2).. 7 Childs Co 851% Chrysler (16‘6) 15% City Ice & Fuel (2)_ 4% City Stores 23% Clark Equip (1.: 20)_ 33 Clev Graph Br (t1). 48 Cluett Peabody (1)- 84 Coca-Cola (2) _ 53% Coca-Cola A (3) 13 Colgate-P-P (50¢).. 3914 Collins & Atk +2__ 3% Colo Fuel & Ir (d) . 237% Colo F & 1 pf (d) . 2115 Colo & Southern 19% Colo & South 1st pf 14 Columb G&E (a20c) 90% Col G & E pfA (6).. 80% Col G & E pf (5) __ 94 Colum Carb vte(t4) 44 Comcl Credit (14) .. 117% 100% Comcl Credit pf 4%. 55 Comecl Invst Tr (4) . 123 110% Comecl I T cv pf (6). 14% Comcl Solv (60¢) . 2% Comw & Southern. 59% Comw & Sou pf (3)_ 7 Congoleum-N(1.60) 65% Consol Cigar pf (7) 274% Consol Edison (2) - 4% Consol Film 15% Cons Film pf (31). 3% Consol Laundrie: 11% Consol Ol (60¢) % Consol Textile (d)_ 2 Cons Coal (Del)vte. 12% Cons C (Del) pf vte. 15% Contalner Corp (1), 10% Contl Baking (A) 1% Contl Baking (B) 6714 Contl Cam (2) 17% Contl Dia Flbr.fl) 35% Contl Insur (11.20). 2% Contl Motors 28% Contl O1 of Del (!) 27 Contl Steel (2) ... 63% Corn Prod Ref (3).. 4 Coty Ine - 35 Cream of Wh (2) 15% Crosley Rad (uoe). 43% Crown C & 8 (2) 46% Crwn C&S pf ww 2% 28 Crucible Steel 1% Cuba Co.__ 614 Cuban-Am Sugar-_. 63% Cuban Am Sug pf.. 16% Curtis Publishing.. 4 Curtiss Wright.. _ 10% Curtiss Wright (A) 43Y% Cutler-Hammer t1. 52 Deere & Co 19% Deisel-Wem-G (11). 36% Delaware & Hudson 14% Del Lack & West__ % 128 Detroit Edison (14) M S ® - LS T e = S T 444+ 14+ PEEF FEIP I+ Frr 2 FEF ¥ - > SRR NKE A r = LT - " 2 3 D W E © AT 0 &P BEy R S S & L4++4+ +4+++ | SEEE FSPE | FER T + o4ttt = I - NNPNONNEAIORO 52% + % 49% + % 19i 2’]05 mm 100 109% +l% 20% flfi + % 19% + % 64% + % 80 20% .20 20% + % 1149 149 149 +36 l{ ¥FEFSF E o 12% 5% 334 7% Federal Mot Tr 40c. 214 Fed Water Sve (A). 24% Firestone T&R 1.20. 105\‘. 100% Firestone pf A (6)_ 40 First Nat Strs (23%) 3% Follansbee Bros (d) 24'% Fost Wheelér new _. 95% Foster-Wheeler pf 30% Fourth Nat Ial.45. 63 Frank Sim pf (7). 23% Freeport-Texas (1). 47% Fuller Co pr pf.._. 31% Fuller Co 2d Df-.. 3% Gabriel Co (A) 814 Gen Am Investors 97 Gen Am Inv pf (6) 42% Gen Am Trans1% _. 21 Gen Asphalt (b25c) 10% Gen Baking (60c) - 7% Gen Bronz 5% Gen Cable__. 17 Gen Cable A_. 345 Gen Electric (1) ... 33% Gen Foods (1.80) . 7 Gen Gas & Elec (A) 14 Gen G&E 6%cv pfA 58 Gen Mills (3) 53% Gen Motos 118 Gen Motors pf (5). 18% Gen Outdoor Adv A. 38 Gen Print Ink (12)_. 3215 Gen Ry Signal (1)_. 2 Gen Realty & Util__ 261% Gen Real&U pf ww._ 334 Gen Refrac 1al%)_ 13% Glllette Saf Raz (1) %0 Gillette SR pf (5)_ 6% Gimbel Bros 69 Gimbel Bros pt(a3). 39% Glidden Co (2) 3% Gobel (Adolf) 67» Goebel Brew (120c) 12% Gold Dust vtc (60c) 13% Goodrich (BF) .. 78 Goodrich (B F) pt. 21% Goodyear T & R 87 Goodyear $7 pf (4). 814 Gotham Silk Hose.. 2 Graham-Paige 1% Granby (2d stpd) . 3ix Grand Union ctfs__ 2415 Granite City Stl (1) 281 Grant (W T) (1.40) 32 Grt Northern pf 16 Grt North'n Ore 31 Grt West Sug (2.40) 22 Green (H L)Co(t1) 48% Greyhound C'p 3.20 24 Guantanamo Sug pt 91, Gulf Mobile & N 3015 Gulf Mobile & N pf 30 Hackensack W(1%) 6 Hall(WF)Printing . 14 Hamiiton Watch __ 30% Harbison Walk(2) . 12 Hat Corp of Am (A) 4% Hayes Body 304 Holland Furnac: 9 Hollander (t50¢) 19% Holly Sugar (2) - 397y Houd-Hersh A(21) % Hud-Hersh(B)t1l 6% Houston Ol vic 48% Howe Sound (13) __. 1315 Hudson Motor Car_ 1 Hupp Mowors 18% Illinots Central_ 30 Ilinois Cent pf (A) 414 Indian Refining 25% Indus Rayon (1.68). 1135 Interboro R T (d) 9% Interlake Iron 27 Int Agricultural __. 160 Int Bus Mach (16) . 351 Int Cement (2) ___. 56% Int Harvester 2% . 2% Int Hydro Elec (A). 43Y% Intl Nickel (1.40)__. 3% Int Paper & Pw (A) 1% Int Paper & Pw (C) 201 Int Paper {t Pw pf 37 Int Print Ink (1.80) 3% Int Ry Cent Amer . 19% Int Rwy Cent A pf_ 124 Int Tel & Tel - 10% Interstate Dept Str 82 Int Dept Strs pf(7) 24% Island Creek (2) 5815 Jewel Tea (14) _ 88 Johns-Manville t2_ 75% Jones&Laugn 7% bt 13 Kans City Southern 19% Kans City South pf. 17 Kaufman Dep S (1) 25 KayserJ & Coall. 20 Kelsey-Hayes (A)_. 18 Ke 14% Kelvinator (t50¢c) 281 Kennecott C (1.20) 30 Kinney (G R) pf 4% Kresge Dept Strs 747, Kresge Dept Strs pf 2015 Kresge (SS) (1) - 35% Kress(SH)&Co new 19% Kroger G&B (1.60)_ 15% Lambert Co (2) 7% Lane Bryant . _ 12 Lee Rub&Tire(50c). 15% Leh Port Cmt a25c 9% Lehigh Val Coal pf_ 8% Lehigh Valley R R_ 89 Lehman Corp ($3)_ 12 Lehn & Fink (1%)_ 47% Libby-Ow Gl(a2%) 25 Life Saver (1.60)_. 3% Long Be" Lum (A). 40% Loose-Wiles (2) 214 Lorillard (P)(1.20). 57' Lou & Nash (a4%). 22% Ludlum Steel (1) __ 35 MacAnd & For (2)_. 12% MecCrory Stores.. . 'orcu (2) 85 McKeesp't T P (14) 8% McKesson & Rob _. 37% McKess&Rob pf(3). 11%; McLellan Stores. 27% Mack Truck (1).__. 40% Macy (R H) Co (2). 34% Magma Copper (2). 7 Mandel Bros 14% Man El md gtd (d). 17% Manhat Shirt (80c). 21 Maracaibo Oil Exp_. 814 Marine Midld (40c) 11% Marshall Field & Co 614 Martin Parry ... 43% May Dept Strs (2).. 13% Maytag Co 110% 103 Maytag 1st pf (6 10% 63% 12% 23% 6% Mengel Co 40% Mesta Mach (a3% ). 5% Miami Copper. 17% Mid-Contl Pet a40c. 47% 21% Midland S Prod (1). 181% 110 Mid Stl 1st pf (8)._. 6% Minn Moline Pwr. 1% M St P&S S Marie 2% MStP&SSMisin. 16% Mission Corp 5% Mo Kans & Texa 14% Mo Kans & Tex pf . 2% Missouri Pacific(d). 37% Mo Pacific pf (d). .. 19% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg'y Ward 80c... 28% Motor Prod (12).... 15% Motor Wheel (1) 11% Mullins Mfg (B) __ 70 Mullins Mfg pf (7). 21 Munsingweara2¥%.- 14 Murray Corp._ - 15 Nash Motors (1) 20% Nashv Chat & St L. 12% Natl Acme (a25c) 31% Nat Biscuit (1.60)_. 21% Nat Cash Reg (50c) 21 Nat Dairy P (1.20).. 26% Nat Lead (150¢)___ 9% Nat Pwr & Lt (60¢) 5’1';2 Nat Steel (1%).... PR~ PP ~R= o » S e (OO0 1 P PO 14 -JOV0). I -JOPS T VISOTPPR WP IS S8 P55 1~ j=101Y - ar wa - - - o s NN R OO WA AN ND N~ A RE0G i _ - 5..9:..».9_.-.“.9..._ e Swenw pioShoan 8714 115 111% 23% 465 6 10% 24% 13% 84 16% 39 AT% 38% 2% 47 874 115 109 23 46% 24% 26 238 20% 204 47% 354 6% 93 27% 394 20% 167 13% 12% 298 12% 18% 111% 15% 6715 25% 58% 2% 4% 40t 22% 92% 2T% 37 175% 41% 91 10 44% 14% 40 49% 4% 12 18% 19% 4% 11% 16% 8% 58% 1 4 101% 101% 5T% 57w — 25 + + -1% W b 14% +1% 84 16% + T++0 040 44+ 4441 + + W FEE R FESFFEL FEFE ¥ | - 44+ ++ ++4 R V 44+ 4+ 4+ 4 AL+ EFEE F FREFE FE ¥ VEFE FEEPF 1+ + 1 F P EEFS 130 118 Pacific Tel&Tel (6) 1 11% Pacific W'n Ofl b25e 67 Packard Mot (a25c). 7% Paramount Pict_ 59 Paramount 1st pf_ 84 Paramount P 2d pf. 17% Park & Tilford 2% Park Utah e 40% Parke Davis (a1%). 23 Parker Rust P1%.. 4% Parmelee Transp't. 6% Pathe Film Corp. 1'% Peerless Motor. 69 Penney (J C) (13) 3% Penn Coal & Coke ... 4% Penn Dixie Cement. 28Y% Penn Railroad (al). 38 Peoples GasChi . 12% Pet C'pof Ama50c. 1014 Pfeiffer Brew (1.20) 25% Phelps Dodge a75c - 451 PhilaCo 6% pf (3). 8114 Phila Co pf (6) new 814 Phila Rap Tr pf (d) 1% Phila & Read C& 1. 66 Phillip Morris (3) .. % Phillips Jones 3 384 Phillips Petrol +1y # Phillips P rts Oct 5. 5% Phoenix Hosiery __ 1'% Plerce Petroleum .. Tis Pitts Coal _ 3514 Pitts Coal pf __ 7% Pitts Screw&B 50c-. 49 PittsSteelpf __ __ 3 Pitts United Corp.. 584 Pitts United C pf__ 21 Pitts& W Va___ 117% Plymouth Ofl (1)_. 12 Poor&Co(B) _ __ 21 Pressed Stl Car (d) 18 Pressed Stl C pf (d) 40% Proct & Gam(11%). 39 PubSve N J (2.40)_ 128 PubSve NJ pf (7). 367 Pullman Ine (l%l_. 16 PureOil _ 103 Pure Oil 8% pt _ 9% Purity Bakeries 40 9% Radlo Corp 6814 Radio Corp pf A 3’4 5 Radio-Keith-Or (d) 11 R R Sec Il] Cent __ 2874 Rayvhestos-M (1%)._ 39 Reading 1st pf (2)_ 97 Real Silk Hosiery . 12% Reliable Stores 17 Rem Rand (t60c 21 Rem-Rnd 5% pf 1% 8% Rem-Rand pf (6) - 4% Reo Motor Car 167 Republic Steel 10 Revere Copper 241 Revere Copper (A). 90 Revere C & B pf 25 Reynolds Spg a2ic 50 Reynolds Tob B (3) 194 Ritter Dental __ 27 Safeway Stores (2) 22 St Josepr Ld (80c). 113 St L.-San Fran (d) 2% St L-San Fr pf (a) - 37% Schenley Dist ai5c 1% Schulte Retail Strs 7% Schulte R Strs pf _ s Seaboard Afr L (d). 2 Seaboard A L pf(d) 30'4 Seaboard Oil (1)__. 314 Seagrave Corp . __ 59% Sears Roebuck (2)_ 15% Servel. Inc (60¢) __. on Steel Hoop 4% Sharpe & Dohme __ 11' Shattuek F G (50c) 30 Sheaffer Pen (2)___ Shell Union Oil Silver King (60c) Simmons Co (a50¢) Simms Petrol Snider Packing 4 Socony-Vac O (50¢) s So Am G & P(a20c) So Port R Sug(t2) South Cal Ed (1%) Southern Pacific __ Southern Railway Southern Ry pt __ Sparks- Withington Spear & Co Spencer Kell (1.60). Sperry C'p vte (a1). 13% Spicer Mfg . 19 137% 5 14% 12% 10% 80 11% 2T% 3% 42 27% 5% 8% 214 92 4 (4 40 53 +++ FFE 13% + 4% 12 39% 52% 95% 9 2% 92Y% AR | 211 + 324% 21% 28 A SR Ersee Eseess 8 22% 14% 16% 12 81 32% 41 95% 99 52% W 1, Unit of trading less than 100 shares. mcluding extras. 1 | B Paid * | reorganized 28 Texas&PacRR _. T4 Tex Pac C & O aZic. 337% Thatcher (1)- 8% The Fair__ 8§15 Thermotd Co 24% Thomp'n Prod aboe. 4% Thompson Starrett. 14% Tide W Asso O 60c.. 19 106'% 100% Tide Wat A O pf(6) 12% Timken Detroit(t1) 11 Transamerica t40c. 10% Transue &W (160c)_ 74 Tri-Cont Corp a2ic. 4% Truax-Tra Coal 22% 20th Cent Fox Film 31% 20th Cent Fpf 13 65% Twin City R T pt . 74% Und-Ell-Fisher (3) 3815 Union Bag&Pap (2) 71% Union Carb&C 2.80 90% Union Pacific pf (4) United Afrcraft____ United Air Line vte Unit-Carr Fast (2)_ United Corp 4 United Corp pf (3) United Drug (a30c) Utd uy2wood (al% United Fruit (3)___ United Gas Imp (1) U S Distributing pf. U S & For'n Secur._. 4 U S Freight (1) U S Hoffman J S Hoffman pf 2 U § Indus Alcohol US Leather vtc __ U S Leather A vte _ U S Plpe & Fy(1%). US Realty & Imp__. U S Rubber___ U S Rubber 1st pf _ 4 USSm & Ref (a8)_ U S Steel U S Steel pf (4) Inited Stores (A Univ Leaf Tob (13) Univ Pict 1st pf ___ Utll Pwr & Lt (A)_. Vadsco Sales Corp._. i Vanadium Corp __ Van Raalte (al%)_ Va-Car Chemical Va-Car Chem 6% pf ValronC&Cof - Virginia Ry pf (6) Wabash (d) ______. Wabash pf A (d) Waldorf Sys(11.20) Walgreen pt (635 ) _ « Walker (H) (2) Walker (H) pf (1)- : Walworth Co__ Ward Baking B Warner Bros P! Warner-Quin (d) Warren Bros » Waukesha M(160c) Wells Fargo . ___ Wesson O&S(t50c) West Pa Elec pf (§) West Pa Pwr pf () Western Maryland - West'gh'se A B (1) Westvaco Ch t40c . Wheel & Lake Erie Wheeling Steel Wheeling Stl pf - White Motor._____. Wilson & Co (50c)_. Wilson & Co pt (6). Woolworth (2.40)__ Worthington Pump Worth Pump pf A__ Worth Pump pf B__ Wright Aero_ Yellow Truck _____ Young Sp & W (3) Youngs'tn Sheet&T Y'gt'n S&T pf $4% - Zenith Radio Zonite Products_ 310,000 3 Accumulated _di last year. x Ex dividend wunaranEataanarieRen S wanamne M © & m—FoaremaT e e " 25 e~ e M g o T 405 1001 sRFFERES S e 177 & 116 ar, 187 8 41 135 8 9% 247 1 40% EE | 10015 123 34 1 35 0 7 6% 00 Noon. Annua) vidends a Paid 10% 6l % | Approximate Sales of Stocks on the N. Y. Stock Exchange, 1 11:00 A.M. | Dividena rates as given in the above table are the annua, cash \olym:ms based oa the latest quarterly or halt-yearly declarations. 720,000 rate—not this year. d Companies reported in recelversnip or being $2 a ton. —_— Books Are Opened For Steel Orders In New Quarter By tne Associated Press. CLEVELAND, September 5—Daily | Metal Trade said today Carnegie- Tllinois Steel Corp., subsidiary of the | United States Steel Corp., has an- | 4 nounced opening of books for fourth- quarter contracts. “The schedule of prices,” said the publication, “applies on sales for ship- ment during the fourth quarter and indicates that, due to the advanced prices of scrap and other raw ma- terials, it will be necessary to increase selling prices $2 per ton on certain produc!.s “All semi-finished quotations are up Hot-rolled bars and small shapes are advanced $2 a ton, as are hot-rolled annealed sheets. Othq products are unchanged.” o DIVIDENDS ANNOUNCED NEW YORK. Sept: —] declarcd, ‘prepured o7 ihe Standaraog Sta. Alabama_Po Amer G&E Amer P & L fis Am Seating ‘63 Arkans P & Cit Srv PL Com GAE 55 A C Gas bs B Bet o Brd, Glas Dix GG A Pirestone CM a: it B B Bt : &L 5 Con Gs Bito 4s 'i’|‘ Florida P&L 5s '51 H:lh "Low. Cigse. | E¢ NTa Sla e v s, Stand P & L Sod Washe Gas L, West _Penn 5s Wes Tex U 5s Yadkin R Pw (5t)—Stampe S P&L 5135 A '40 &C 6 West New De fis 44C A 57 NEW YORK CURB BOI\DS DOMESTIC B 2 1001 10835 RO, " xw-—Without wars Wi—When issued. st lNuanhlluv fmpaired by maturity. 495 185 216 175 8.7 239 146.9 153.9 184.3 157.7 1927 10W.... 51.6 953 61.8 6138 (Compiled by the Assoclated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK. September 5.—The | rails got up steam in today's stock | market and, pulling many other leaders along with them, registered gains of fractions to a point or more. The brief session had its profit-taking , | periods, but these were undisturbing in most instances. The close was firm. | Transfers were around 700,000 shares. ‘While many traders skipped the day’s | brief proceedings in favor of a pro- longed holiday, those who appeared in the board rooms displayed sufficient | buying vigor to more than offset the | absentees. | cumulation of selected stocks. [ ket good purcha: | ber. le Ho;l Stk. of Pay- Meade Johnson & Co-0c - begs Ga0L Munsey Trust (Wash) 9. Munsey Trust (Wash) Initi Kelvinator of Can__$1. 9-14 9.25 Waukesha Motor Co. - sa¢ 9-15 10-1 o Mt & Cn_mc Q iy Peh Surt 7 9-15 9-30 9-18 9-30 U. S. TREASURY POSITION. By the Assoctated Press. The position, of the Trewsury 845 186 ln' 76; t:'m}mu‘ $1, 650%0,732’1 7 itond Reweipts for l v ;x'muumnrc“ $367.. 491.17'3 o xpenditures; excess of ex. penditures. $304,702.803.08. Gross 367.010.026. 23, s decrease "ot S5 day. Assets. $10.120.825,008 15 0 € day. Gold TOBACCO MARKETS. ToRatas saice oh Sew ereme e miRiets 7 yesisrday inciude: 2 = * 0m3% 10018 1] 2100% 1003 1003 -100 " 100 " 100 08 aR Glen Alden © 4s, [R1) RR Y Guif 8t Ut s A 10435 104% 10434 ‘WP) 5125 7 0 0534 957 Hood Rabher ‘3o R RRTIA Hotel Waldorf s 2730 20 T30 Hygrade Fd 6s A 7 H E As A " Internlt) s-n 55 Intersta 3 Intersta bw 63 '3 Iowa gh P § “6s Lexington Ut 5s T Ll e tCompanies reported in receivership. —_— FEDERAL LAND BANKS NEW YORK. September 5 (7).— Lang Bank sonderember el 1013 INSURANCE STOCKS NEW YORK. September 5 (. — New York Security Dealers’ Association: Aetna Cas (2a) Aetna Ins (1.6 Aetna_ Life (.G0a) Am Equit (Ta) Am Ins Newark (12} 3, Altomobile (12 Balt_Amer (.20a) " G “arlames (nc» Glen Falls (1.60 lobe & Rcu"l‘,cl) M 195 Nz 1o S S 3 n G 1 e FEEFF EEETY &S SDR2 e i, Py e Westchester th) 3¢ 36% .—5’3-?53 Bald 40 far this year. The activity, best for a Saturday in nearly a month, was a pleasant sur- prise to the commission houses, which had expected the dullness customary before a Labor day recess. Continued progress of economic res covery was said to have spurred ac- At the same time there seemed to be a bit less nervousness over the foreign situation., Conspicuous on the upside were Delaware & Hudson, Baltimore & ©Ohio, Santa Fe, N. Y. Central, South- ern Pacific. Northern Pacific, Generai | Baking, American Telephone, Western Union, Great Northern Ore, Chrysler, Sears Roebuck, Macy, American Can, Loew’s and Coca-Cola. Improvement was also registered by U. S. Steel, Bethlehem, Youngstown Sheet & Tube, General Motors, Reo, Montgomery Ward, Douglas Aircraft, National Distillers, U. 8. Industrial Alcohol, Consolidated Edison, General Electric, Goodyear, Paramount, Elece | tric Auto-lite and Briggs Manuface turing. NEW YORK COTTON By the Associated Press. NEW YORK, September 5—Cotton futures opened steady, 3 to 9 points higher in response to firm Liverpool cables which were partially offset by private reports of rain in the North- west. October, 11.73; December, 11.74; January, 11.78; March, 11.80; May, 11.85; Jul 11.82. Trading was active during the early session, with orders fairly well di- vided at initial prices. There was considerable hedging, particularly from the Southwest, and some sell- ing on the private reports of rain in Texas and Oklahoma. This was taken within a comparatively narrow range by further pre-bureau and trade buying. Houses with foreign connections also had some buying orders, but, ex- cept for the hedging and price-fixing, | business was attributed chiefly to | evening up for over the holiday and | Tuesday's Government report. After selling up to 11.77 Decem- | ber reacted to 11.68, with the general list showing advances of about 3 to 5 points at the end of the first half | hour. Futures closed barely steady. 11-15 lower. Qctober December _ January March May July Boot quiet; mi crxlmz 11.91. New Orleans Prices. NEW ORLEANS. September 5 (F — Cotton advanced & to § points at_the opening of the market here today. Ing came into the market on revi crop estimates. Short covering and eve- ning up of commitments for over-the- week end holiday also furnished the mar- October opened at 9. December at 1166, January at TR at 11.74." Prices eased | a point or two from these levels during the first” halt hour. maintained a steady tone Cotionseed ofl ovened, steady. 81b: Oc tober. January, © B.81b; but Septem- ember 8%in:’ Mar b Bid arch, 9. Liverpool Quotations. LIVEPOOL, September 5 (#.—Cotton. 14.000 bales, American nil. Spot in limited deneenn prices % points higher. Quotation. Strict good middling, 7.49; good 19: strict middling. 6.99: mid- strict low middiine. 6 54: Jow . 6.14: strict good ordinary. 5.94 ®ood ordinary. 5.64. Putures closed steady. October. 6.35; Dec January, 6. March, 6.29; July, 6 Second Trust Notes We will buy monthly payment deferred Purchase Mmoney econd irust meles. jecured on own pied _dwelli: D.C. and ‘nearby Md. & Va. Union Finance Co. 916 Woodward Bldz. NAtL 7936 Money for Conmstruction Loans and Loans on Improved Properties 512% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Suceessor to the Business of JAMES ¥ SHEA 643 Indiana Ave. N.W. 6% AVAILABLE FOR INVESTORS Moss Realty Company Tower Sldg Metro. 1776 5%% MONEY AVAILABLE For Construction Loans and Loans on Improved Properties in the District of Columbia. Prompt Action on Applications & Guaranty Corporation 1610 K St. N.W., NAW. 1403 First Deed Trust of No:-. on