Evening Star Newspaper, September 18, 1936, Page 16

A—16 wxx# FINANCIAL." THE EVENING STAR, WASHINGTON, D. C., FRIDAY, SEPTEMBER 18, 1936. FINANCIAL. STAGALPRSES TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESTOSNOVELP BANK SITUATION INBUYING WAVE Net |&igh. Low. Dlvldfllllhll. AMWM Low. Close. Ohge. | High, Rate. Add 00. High. Low, Olose. Ohge. | Bigh. Low. nmnmnu. Auoo.lm:. mmcu- uloo.mn. Low. Close. Chge. Democratic Leader Points to Heavy Industrials in Lead ID; lllu 111% lll'A 12% 28% 2!% + % W% 76 + % 3% Stock and . Dividend Rate. 118 110% Abr & Straus pt (T) 9% Adams Exp (a20c). 221 Address’graph(1)_. 58 Alr Reduction (t1). 2 Afir-Way Elec Appli 13 Alaska Jun (160c).-. 2% Alleg Corp (d) . 314 6l 17 Dividend 6% ConsolR R Cuba pf. 6% — “y lz% Liquid Carb(1.60).. 6 41% 40 41 + 'A 1% % Seaboard Air L (d). 19 % Consol Textile (d). 62% 43 Loew'sIne (¥2).... 61 60% 655% 60% + 4% 2 Seaboard A L pf(d). l% 2 Cons Coal (Del)vte. 10!% 104% Loew’s Inc pf (6%). ! l“li lo:% 10:% + % 8_4'96 30% Seaboard Of1 (1)... 31% 6% 87% F. D. I. C. as Major Factor in Gains. BY EDWARD C. STONE. 12% Cons C (Del) 0f vte. e, Tattlaa e = B e o 15% Container Corp (1), 20 Mfi lu Long Bell Lum (A). A lv. 4% 4% + u 88% b59% Sears Roebuck (2).. 40% 40% — 4| 4% 354 T4k 9% Representative Henry B. Steagall, chairman of the House Committee on 10% Contl Baking (A) .. Wiles (2) . 2 40% 2% Second Natl Invest. 1% Contl Baking (B)-.. IlB 101 Loose-Wiles pf (5). ‘0. 113 113 113 +1% 6€1% Sec Nat Inv pf $2.90 290s 22% 22% 22% Banking and Currency, declared in an ! address before the National Super- 671% Contl Can (3) ... 214 Lorillard (P)(1.20). visors of State Banks, at Detroit, that the banks of the country are in the soundest position theéy have experi- enced in years and gave a very large amount of credit for the situation to the Federal Deposit Insurance Corp. } In stressing their safety, he said: “In 1932 we had 1450 bank fail- ' ures, with deposits of more than ! three-quarters of & billion dollars, ¢ involving enormous losses to deposi- tors. Half the Nation's currency had { been withrawn from the banks. The | year previous 2,234 banks had failed, with deposits of nearly two billions. “Since the passage of the banking act of 1933 there have been no losses " of consequence to depositors in banks, no community has suffered demor- ! alization and distress because of & bank failure, no citizen is afraid to ¢ trust his earnings in banks, no banker {is afraid to employ his deposits in , support of business because of the { fear of runs or withdrawals, and bank deposits have increased more than ten billions of dollars.” Deposit Insurance Lauded. Representative Steagall declared that the provision in the banking act «of 1933 which did most to restore public confidence in banks was the | insurance of bank deposits. He con- ! tinued: “In the light of the results that ; followed the enactment of this legis- i lation it seems unthinkable that i Jeaders in the financial world should have opposed suchh a proposal. After { &ll, the measure only seeks to apply’ ! to bank deposits the principle of m-| surance—the most universally ap-| proved principle known to the busi- ( ness life of the civilized world. Yet the American Bankers’ Association at its annual meeting in 1933 passed | i sweeping resolutions condemning the legislation and predicting that its en- forcement would prove disastrous. “Despite these predictions of fail- wre, the simple fact is that we have | during the past three years experi- enced for the first time in orr his- tory relief from the distress and de- moralization of bank failures. The number of failures has been negligible, | and where banks have cissed each | depositor has been promptly paid in full up to the amount of $5,000. Ninety-nine per cent of depositors of closed insured banks were paid in full | without disturance to the business life and activities of communities in- wolved. “This has been accomplished with- out a dollar of cost to the banks. The Federal Deposit Insurance Corp. has on hand every dollar that has been paid into its fund, together with a profit of $6,000,000. State banks that withdrew from the corporation upon enactment of the permanent law in 1935 were reimbursed every dollar of their assessment. They enjoyed the protection of deposit insurance for a period of & year and a half without one dollar of expense. Small wonder that the American Bankers’' Associa- tion in its annual meetings since 1933 has made no further mention of de- posit insurance! Thinks Insurance Permanent. “Of course this lcgislation is here %o stay, but I warn the independent bankers of the Nation that all opposi- tion to deposit insurance has not ended. “With insurance of bank deposits there is no longer any excuse for perpetuating the system of postal sav- ings. That system was never de- signed to perform any banking func- tions. It was originally designed to furnish safety to depositors at the eost of lower rates of interest than | were paid by banks. “Today the system presents a spec- tacle of illegitimate competition with banks and pays higher rates of in- terest to its depositors than can or | should be paid by banks. This com- petitive bidding for funds which right- fully and properly belong to the Na- tion's banks must be stopped,” Chair- | man Steagall asserted. Institute Committee Named. E. Wallace Schreiner, chairman Public Speaking Committee of Wash- ington Chapter, American Institute of Banking, has appointed the follow- ing members to serve on his commit- tee: C. T. Akre, L. E. Pernell, Frank Rodgers and Miss Frances Nagel, Riggs National Bank; Joseph R. Fitz- patrick, Second National; J. Earle Mc- Geary, W. B. Hibbs & Co.; William H. Laughlin, Washington Loan & ‘Trust Co.; Alfred M. Sherman, Amer- ican Security & Trust Co.; W. C. Cox, Jr, McLachlen Banking Corp., and Miss Alice M. Whitton, First National, Alexandria. Chairman Schreiner is connected with the First National at Alexandria and has won many public speaking prizes. The instructor will be Dr. Elmer Louis Keyser of George Wash- ington University. Heard in Financial District. Jules M. de Thebaud has become associated with the Washington office of Hemphill, Noyes & Co., stock ex- change firm in the Shoreham Building. He was formerly connected with Jenks, Gwynne & Co., in New York. James M. Landis, chairman of the Becurities & Exchange Commission, will address the American Mining Congress in Denver on October 1 and speak before the nineteenth annual convention of the National Association g: Securities Commissioners on Octo- T 2. The American Chain Co. has filed an amendment with the Securities & Exchange Commission stating that its issue of 110,000 shares of 5 per cent cumulative convertible preferred stock ‘will be offered at $100 a share. Hemp- hill, Noyes & Co. will be the principal underwriter of the issue. The Atlantic Coast Line reports $1.72 earned on common in the first seven months of this year, against a loss in the like period a year ago. Heavy Trading on Exchange, Trading on the Washington Stock Exchange today was the heaviest in many sessions. Utility, bank, insurance recent quotations. OWENS-ILLINOIS SELLS STOCK. NEW YORK, September 18 (#).— Owens-Tllinois Glass Co. has notified the New York Stock Exchange it had disposed of its entire stock interests in Tavern Rock Sand Co. by the sale of all the shares of company to Pennsylvania Glass Corp. 12% Alleg pf w$30w @ 12% Alleg pf w340w (d). 45% 27 Alleg prpf (d) . 39% 26% Alleg Steel (1) ... 245 157 Allied Chem (6).__. 29 23 Allied Mills (a50c). 13% 6% Allled Stores. 84 69 Allied Stores pf (5)x 59% 3853 Allls-Chalm (1%)_. 2815 19% Alpha Port Cmt (1). 5% 2% Amal Leather. 55% Amal Leather pf $2. 125% Amerada Corp (2)_. 63% Am Ag Chm Del(3). 55% Am Bank Note (1)_. 64'% 40 Am Brake Shoe 1.60 138% 124 Am BrakeS pf5%.- 137% 115% Am Can (t4) . 169% 162% Am Can pf (7)-. 50 30 Am Car & Foundry- 88% 57% Am Car & Fdry pf.. 60% 31 Am Chain._. 136 114% Am Chain pf 105% 87% Am Chicle (4).. 13% 32% 32 101 16% Am Crystal S(a50¢) x 3% Am Encaustic. 9%, Am European S 613 Am & Foreign Pwr. 29% Am & For Pw §7 pf. 12 Am & For Pw 2d pf. 5% Am Hide & Leather. 32% Am Hide & L pf (3). 37 Am Home Pr (2.40). 213 Am Ice 9% Am Int 2313 Am Locomotiv 66 Am Locomotive pf_ 21 Am Mch&Fy (80c)_ 10 Am Mch&Met ad0c. 27 Am Metal T4 Am Power & 36% Am Pwr&Lt pf (5) 43 Am Pwr&Ltpf (6). 18% Am Radlator(alsc) 233% Am Rolling M(1.20) 36 Am Safety Rn (2)- 18 Am Seating.___. 25% Am Shipbldg ( - 56% Am Smelt&Ref (2). 136% Am Sm&Ref pf (7). 201 Am Steel Foundry... 24% Am Stores (2) cceee 48% Am Sugar (2) ... 149% Am Tel & Teleg (9) 87 Am Tobacco (5) 88! Am Tobacco B (5) 87 Am Type Founders. 19's Am Wat Wksa20c.. 7% Am Woolen.. 5413 Am Woolen p: % Am Writ Paper (d) 4's Am Writ Pap pt (d) 33 Am Zinc & Lead___. 24 Am Zinc & Lprpf 28 Anaconda Cop (1)_. 35 Anaconda Wire(2). 15'% Anchor Cap (60¢) . 97 Anchor Cap pf(6%) 9 Andes Copper.. 3 AP W Paper 37 Archer-Dan-Mally 118 Arch-Dan-M pf (7). 110 105% Armour Del pf (7).. 74 4% Armour (Illinois: 108 95 Artloom pf (37)-__. 84 664 Arm’r(1ll)pr pf (6). 62% 47% Armstrong C (1%). 15 T% Arnold Const (50¢). * 221 8% Artloom Corp 22 8815 35% 2913 45'3 5 - 14% 93, 43% 21% Atlantic Coast Line 11 AtlGulf& W Ind._ 13% Atl Gulf&W Ind pf. 354 26% Atlantic Ref (1)___. 115 109 Atlantic Ref pf (4). 48 Atlas Powder (12)-. 26% Auburn Auto. 4% Aviation Corp (Del) 213 Baldwin Loco (d) - 291 Baldwin Loco pf(d) 33% Baldw L pf asd(d).. 15% Baltimore & Ohio__. 21 Baltimore & Oh pf._. 417 Bang & Aroos (23) 110t Bang & Aroos pf(7) 1031 82% Barker Bros pf. 20 14 Barnsdall Ofl (80c) 19% 16% Bayuk Cigars (75¢) 26 18 Beatrice Cream (1) 105 100 Beatrice pf ww (5). 85 Beech-Nut P (13)__ 13% Belding-Hem (1) .. 83 Belg NR pt pf(3.24) 21% Bendix Aviat'n (a1) 20 Beneficial L (113). 48 Best&Co (12)-———- 721 45% Beth Steel __. 19% 16% Beth Stl 6% pf(1)- 123% 107 Bethlehe Stl pf(7).. 23 Bigelow-San (1)_.. 141 Blaw-Knox (40c) - 167 BoeingrAirplane. __. 41 Bohn Alum&Br (3). 3y Bon Ami (B) (2%)- 25% Borden Co (1.60) .. 64 Borg-Warner (13).. 6 Boston & Main 1% Botany Min A 12% Bridgp't Brass 140 43% Briggs Mfg (12) 47% Briggs & Strat ( 40Y% Bklyn-Man Tr (8).. 4% Bklyn & Queens. ... 441 Bklyn Un Gas ( 47 Brown Shoe (3)- 8% Brunswick-Ball 8% Bucyrus-Erl: 118 16‘4 894 31% 24% 62 | 110 1074 Bucyrus Erl 34 9% Budd (EG) Mfg___ 1 Budd 2d pd..Oct 16 86 Budd (EG) Mfgpf. 8% Budd Wheel 20% Bullard Co 2% Butte Copper&Zine. 16% Byers (A M) .. 544 Bycn (A M) p! 22 Byron Jackson 30% California Pkg(1%) ~ % Callahan Zinc. ... 6 Calumet&Hec af0c. 30 Campbell Wy (11).. 10% Canada Dry G A—... 10% Canadian Pacific. .. 37 Cannon Mills (a2)-. 128 Cap Adm (A) ab0c.. 6% Carriers & Gen 20c. x 921 Case (J 1) Co. 54% Caterpillar Trac(2) 21% Celanese Corp a50c.. 19 Celotex Coro._ ... 54 Celotex Corp pf.. 25% Cent Agulre (11%). 35 Central RROfNJ. 58 47% Cerrode Pasco (4)- 19% 8% Certain-teed (new). 67% b57% Certain-teed 6% pf- 115% 80% Certain-teed 7% pf- 21 19 ChampPap&F (1). 104% 101 Champ Paper pf(6). 69% 22% Checker Cab Mfg__. 59 Chesapeake Corp(3) 51 Ches & Ohio (2.80). 2% Chi & East I11 pf(d) 1% Chi Grt West (d)... 4 ChiGrt W pf (d).. 25% Chi Mail Ord(t13). 1% Chi M1l St P&P (d). 2% Ch1 & N W (d) 12% Chi Pneumatic Tool 40% Chi Pneu Tool pf... 1% Chi R 1&Pac (d) ... 3% Chi RI&P 6% pf td) 3% Chi R I&P 1% pf(d) 19% Chi Yellow Cab (2). 18% Chickash Cot Oil. 7 Childs Co 48 Cluett Peabody (1). 84 Coca-Cola (2). ) 23% Colo F & 1 pf (d).. . 19% Colo & South 1st pf 14 Columb G&E (a20c) 80% Col G & E pf (b)._.. 31 Colum Pict vte (11) 42% Colum Plcevpf 2% 81% 44 Comcl Credit (t4)_. 118 100% Comecl Credit pf ¢3. 82% 556 Comel Invat Tr (4). na 110% Comecl 1 T ev pt (6) 97 eumun'tnuu) 14% Comel Solv ) eee mcouwhlnnul_. 59% Comw & Sou pt (3). 7 Conde Nast Pub... 30% Congoleum-N(1.60) 156 ConnR&LDf ... 27% Consol Edison (2] 4% Consol Film ... lsucanmvtun_ Ladndries.. uu h-lol’l“l)_ 89 AmCrys S 1st pf(6)x170: 38 125% +1% 167% 167 167 — % 487% 47 48% +1% 85% 85% 85% +1% 57% b56% B6% + % 1261 126% 1264 — % 1056 105 105 + W 10% 10% 10% — % 27% +1 125% 124 o - el unaBlurediramnEenamnanen 278 367 24% 31 828 148 421 43 +1y% 26% 26% — W 57% BT% — & 174% 175% + % 99 99 +1 101% 101% 13% 14 + % 24% 25 + W Ta 8 + 56 +1 1% + % T+ 4 4 — % 26% 403 674 + % 4 19% + % 108\1 lflsh +1% + % -1 +1 +1 5% + 1 +1 343, 26% 44 % 274 109% 109 69 304 5% 3% 54 5413 24% 3T 47! 11 111 105% 105% 105% — % 17% 1T% 1% + % 18' 18% 18y 22 23 101 100 101 94y 944 14% 1415 83% 83% 28% 29% 21% 224% 597 59% 694 697 o 183 18% 122 122% 425 42% 17% 18 28% 28% 42 42 414 41% +14% +2% + 4% + W + % + % +1% - % +1 kel % [ % bed % 2 SIS EFRRESS 1124 112% - % 10% 10% + % 29% + % 3% — % 29% +1% 26\6 +1% 63 112 111% 19% 19% 1038% 103% 4 40 40 79% 67% 13 2% 80 6% 5% 2% 11% 28% 1% 3% 5% — % 2T% +1% 18% — % 10 10% + % 113 114% +2% b ™% 8 33% 34% + % 59% 60 +1% 120% 121 +1 14% 14% + % 56% BT +1% 5% 5% 20% 20% + % 26 26% + % m 28% 28% + % 19% 19% — % IOI 100“ 100% 100% —1% 38% 37% 38! 117 116% 116% —1% 16% 15% 15% 3 67T +% 8% - 1% 17% Contl Dia Fibre(2). 5% Contl Insur (11.20). 2% Contl M; 28% Cont Oif of Del (f1). 27 Contl Steel (2).___. 55% Corn Ex BK&Tr (3). % 83% Corn Prod Ref (3)_. 168% 158 Corn Prod R pf (7). 46% Crwn C&S pf ww 24 7Y% Crown Zelleb'k vic. 28 Crucible Steel ... 1% Cuba CO- - e 10% Cuba RR P oeee 614 Cuban-Am Sugar... 35% Cudahy Pkg (2%)-. 16% Curtis Publishing.. 99% Curtis Pub pf (7). 4 Curtiss Wright..__. 10% Curtiss Wright (A) 36% Cushman Sons pf-.. 43% Cutler-Hammer t1. 5% Davega Stores t30a. 52 Deere & Co.. 19% Deisel-Wem-G (11). 36% Delaware & Hudson 14% Del Lack & West___ 153+ 128 Detroit Edison (14) 40% 33 Diamond Mtch t1%. 34% 18% Dist Corp Seag Ltd. 61% 41% Dome Mines (12) . 79% 50% Douxlass Afrcraft.. 25% 13 Dresser MigB . _. 167% 133 Du Pont de N 3.60.. 13314 129 Du Pont deb (6) . 115% 111% Duquesne Lt 1st (5) 185 156 Eastman Kod (15)-. 3714 28% Eaton Mfg (2)- 13 5% Eitington-Schild.__ 44% 30% Elec Auto Lite (a2). 114 110% Elec Auto L pt (7). 10 Electric Boat. 5% Elec&Mus In(b24c). 291 Elec Pw & Lt $6 pf_ 32% Elec Pw & Lt $7 pf_ 42% Elec Stor Bat (t2)_. % Elk Horn Coal (d) . 1% Elk Horn Cpf (d) .. 5315 Endicott-John (3)_.. 7% Eng Public Service. 45% Eng P 8 $5 pf (110). 48 EPS$550 ww 11 55 Enzg PS3$6pf(112). 5% Equit Office B a20c. % 17% 78 85 55% 1% 3% 69 15% 84 8914 97 5% 18% 31% 25% 15% 40% 8% 184 59% 176 507 26% 92 12% 5% 388, 49% 33% 48% 45 ]"‘ 12 Eureka Vac C (80¢) 4% Exchange Buffet... 814 Fairbanks Co pf... 34% Fairb’ks-Morse(t1) 122% Fairbanks-M pf(6) .- 31% Fajardo Sugar (2).. 18% Federal Lt & Trac.. 37 Fed Min & Smelter_ 7% Federal Mot Tr 40c. 24 Fed Water Sve (A) 38 Fid Phoe F'1 (11.20) 247 Firestone T&R 1.20 40 First Nat Strs (2%) 3% Follansbee Bros (d) 47)% 32 Food Machine (1)_. 111% 106 Food Mach pf(4%). 38% 244 Fost Wheeler new _. 41% 30% Fourth Nat 1al1.45. 78% 63 Frank Sim pf (37)_. 35% 2313 Freeport-Texas (1). 75 47% Fuller Co pr pfoo... 53% 31% Fuller Co 2d Dfecee. T% 3% Gabriel Co (A)aao-. 18% 11!3 Gamewell Co-_. 1215 8% Gen Am Investor: 63 42% Gen Am Trans1%_. 21 Gen Asphalt (b25c). 10% Gen Baking (160¢c) . 7% Gen Bron: 5% Gen Cabl —— 17 Gen Cable A.‘.__- 52% Gen Cigar (14) eeee 34% Gen Electric (1) ... 33% Gen Foods (1.80) __. 7 Gen Gas & Elec (A) 14 GenG&E 6%cvpfA 58 Gen Mills (3) = 53% Gen Motors (12) 5% Gen Outdoors Adv_. 18% Gen Outdoor Adv A 728 10% 49 110 3'5 Gen Pub Service___. 3215 Gen Ry Signal (1) 2 Gen Realty & Utfl__ 26% Gen Real&U pf ww. 33Y% Gen Refrac «ali)_. 3213 Gen St Casting pf_. 17 Gen Theatre Equip- 23% Evans Products (1) x 20% Fed'd Dept St $1.40 x 5 69% 68% 69% +1% lGD 160 160 — 3 8 4% 4% 36 36 + % 334 + W T9% + % 53% +1% 9% + 4% 20 45 +1% 64% + % 1% 3% +1% 25+ % ATHh + % 19% + % U7 -2% 34+ % 24% + % 68 + u % + % s musadantacEar5E counlannnmumnna FIEFEFES - 61t+00—6%f +++4 it : FEe"weeede vené P =S SRES I + 2 2.8 wE RS 2Essry reEser ¥ F 105 Gen Print Ink pf(6)x 30% Gen Time Inv (1) __x 135 Glllette Saf Rax (1) %0 Gillette SR pf (5)_ 6% Gimbel Bros_ 69 Gimbel Bros pf(a3) 39% Glidden Co (2) 524 Glidden cv pf(2%). 3% Gobel (Adolf) 67 Goebel Brew (t20c) 12% Gold Dust vte (60c) 13% Goodrich (B F)-__ 74 G'drich(BF)pt n(5) 21% Goodyear T & R-_., 87 Goodyear $7 pf (4). 77 Goth Silk Hpf (7). 2 Graham-Paige ____ 1% Granby (24 stpd) _ 31 Grand Union ctfs__. 16 Grand Un ptf $87%c. 24% Granite City 5tl (1). 32% Grt Northern pf___. 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) uw. 136 Grt West Sug pf(7). 22 Green (H L)Co(t1) 48% Greyhound C'p 3.20 x 24 Guantanamo Sug pt 9% Gulf Mobile & N___. 28% Gulf States Steel_.. 14 Hamilton Watch__. 119 109 Hamilt'n W pf $8%. 46 30% Harbison Walk(2)._. 16% 12 Hat Corp of Am (A) 9 4% Hayes Body...._. 35% 25% Hercules Motor (1). 119 102 Hershey Cpf (t4).. 44% 30% Holland Furnace..... 116 108 Holland Furn pf(5). 23% 9 Hollander (t506)__. 544 414 Homestake (112) 33 22% Hou er (B) t1 12% 6% Houston Ofl vte. 57% 48% Howe Sound (13)._. 5% 3% Hudson & Manhat_. 19% 13% Hudson Motor Car.. 3% 1 Hupp Motors...e—. 29% 18% Illinois Central..... 13% 4% Indian Refining. .. 34% 25% Indus Rayon (1.68). 147 106 Ingersoll-Rand({2). 114% 88% Inland Steel (3).--. 13% 6% Inspiration Copper. 18% 11% Interboro R T (d).. 15% 9% Interlake fron_... 41 22% Int Agricul pr pf... 56% 35% Int Cement (2) ... 90% 56% Int Harvester 3% .. 5% 2% int Hydro Elec (A). 58% 43% Intl Nickel (1.40)_. 7% 3% Int Paper & Pw (A) 4 2% Int Paper & Pw (B) 3% 1% Int Paper & Pw (C) 45 20% Int Paper & Pwpf._. 112 107 Int Print Ink pf(6). 3% Int Ry Cent Amer.. 46% 19% Int Rwy Cent A pf.. 23 IntSalt (1%)ecceeee 47% Int Shoe (12) —eee 50 Int Silver pt. 12% Int Tel & Tel...... 26% 10% Interstate Dept Str. 82 Int Dept Strs pf(7). 129 88 Johns-Manville t3.. m 121% Johns-Manv pf (7). u7 Jones&Laug! 8% 29% 53% 67% 19% 101% 5% h 1% pf 13 KansCity Southern 19% Kanas City South pf_ 17 Kaufman Dep 8 (1) 25 KayserJ&Coal¥%. 26 48% 26% 54% 54% + ¥ 38% 234 16 16 — % 56 56 4 20% 20 204 + % 10s 117 117 117 28 46% 45% 46% +1 5 15% 15% 15% +1 I 6 5% 6% 28 28 lol 102 102 2 37% 3T% 3TH + % 10s 111% 111% 111% 10 22% 21% 22 + % 1440 440 440 +3 29% 28% 29% + X 8% Bi% + “ 16% + % 2% 33% 27T +% 10 + % % 3% + % 132 132 -2 1124 114% +4% 0% 10% — % 4% + % 12 311 47% 44 140s 111% 111 308 6% 6% 708 42 41% 1 25% 25% 1 4% 4T% 60s 62% ::% lll 12\12 60- 101 mou 101 1114 114 114 + % 10s 122% 122% 122% — % 190s 111 109% 111 +2 22% 22% 22% + % 45% 45% 26% 26% 24% -~ % 28 +1 ] + *® VI ptett :n: I 55:?‘%?;‘;‘53“5% T IET mnallulasninaBBZunaren - 1 o ¥ i3 §§== 8 13 La Ofl Ref pf (d)__. 20 Louisv GEEDTA 1% 22% Ludlum Steel (1).. 35 MacAnd & For (2).. 29 McCall Corp (3) eme. 123 MoCrory Store: 92 McCrory Strs pf(6. 9% g:u Mcintyre Pofcu (2) 591 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 ( 34% Magma Copper (2). 1% Manat! Sugar (d) .- 14% Man El md gtd (d)- 17% Manhat Shirt (60c). 8% Marine Midld (40c). 2% Market St Ry 2d pf. 18% Market St Ry pr pf- 11% Marshall Field & C. on pf A (7). 43% May Dept Strs (2) 17% Mid-Cont] Pet 48% 21% Mid Stl Prod (a2) lgl% 110 Mid Stl 1st pf (8)_. x 10- 123% 65 Minn-Hon Ros 11 6% Minn Moline Pwr__ 57% Minn Moline Pwr pf 2% MStP&SSMIsin. 51 Mo Kans & Texas... 14% Mo Kans & Tex pf.. 214 Missouri Pacific(d). 3% Mo Pacific pf (d) - 19% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg'y Ward 80c.. % Mother Lode 28% Motor Prod (12)-——. 15% Motor Wheel (1) 11% Mullins Mfg (B) 70 Mullins Mfg pf (1)~ 14 Murray Corp.... 15 Nash Motors (1) ... 20% Nashv Chat & St L. 3% 30% Nat Biscuit (1.60). 164 153 Nat Biscuit pf (7). 30 28% 12 18 33% 31% 147 14 5 6944 1% 13% 53% 16% 58 46 4674 85% 615 17% 2% 5% 14 5% 21% Nat Cash Reg (50c) 21 Nat Dairy P (1.20) 1074 Nat Dairy Pt B(T) 108 109% 109% 10 Nat Dept Stores._.. 25% Nat Distillers (2) - 26% Nat Lead (150c) .- 9% Nat Pwr & Lt (60¢). 1 Nat Ry Mex 2d pf. 574 Nat Steel (1% ) _———. 19% Nat Supply Co—oeme 7% Nat Tea (60c) . 10% Natomas (t80c) 32 Neisner Bros (2)_ 9 Newport Industries 3215 N Y Alrbrake as0e._. 27% NYCentral RR . 17% N Y Chicago & St L. 361 N YChi &St L pt. 34 N Y Dock . 10% N Y Dock pf 1 NY Investors (d4)- 3 NYNH&H (4)__ 7% NY NH & H pf (4) . 214 N Y Rys pf stpd(d). 23% North Am Co (1) 52% North Am Co pf (3) 12% Ohio Ofl (5ve) . 24% Oliver Farm Equip. 17 Omnibus Corp vte. 4% Pacific Coast 2d. 30% PaciicG&E (1%). 47% Pacific Ltg (2.40) 14% Pacific Mills 142 118 Pacific T&T (a5)-- 11% Pacific W'n Ofl b25e 67» Packard Mot(a25¢). 1% Panhandle Pro & R. 67 Paraffine Co (¥2).. 7% Paramount Piet___. 59 Paramount 1stpf__ 8% Paramount P 24 pf_ 173 Park & Tilford.. 2%, Park Utah 40% Parke Davis (al1%). 23 Parker Rust P1%_. 4% Parmelee Transp't_. 6% Pathe Film Corp-.—. 10% Patino Mines ... 1% Peerless Motor____. 60 Penick & Ford (3) . 69 Penney(JC) (a2%). 4% Penn Dixie Cement. 17 Penna Glassctfs__. 28% Penn Railroad (a1). 30 Peoples Drug (t1).. 38 Peoples Gas Chi__.. 25% Pere Marquette. 12% Pet C'p of Am a50c. 10% Pfeiffer Brew (1.20) 25% Phelps Dodge a75c 45% PhilaCo 6% pf (3). 1% Phila& Read C&1_ 66 Phillip Morris (3) - 9% 38% Phillips Petrol (1) 58% 24% l!’l 105 Reynolds M pf(5%)x 69% 46% 35% % Phillips Prts Oct 5. 8 Plerce Oil pf.. 1% Plerce Petroleum.__. 30 Pilisbury Fl (1.60). T4% Pitts Coal .. __. T4 Pitts Screw&B 50c-. 49 PittsSteel pf .. ... 3 Pitts United Corp... 58% Pitts United Cpf... 21 Pitts& W Va.. 11% Plymouth Of1 12 Poor & Co (B) 4% Porto R Am T 6% Postal Tel&C pf (. 2% Pressed St Car (d) 36% Pullman Ino (1%)-. 16 PureOfl ... dio Corp. 68% Radio Corp pf A 3% 5 Radio-Keith-Or (d) 11 RRSeclllCent_._ 28% Raybestos-M (13%). 35% Reading (2) 9% Real Silk Hoslery... 70 Real Silk Hos pf.._.. 12% Reliable Stores .. 17% Rem Rand (160¢)__ 21 Rem-Rnd 5% pf1% 4% Reo Motor Car..... 16% Republic Steel ... 10 Revere Copper..... 24% Revere Copper (A). 22% Reynolds Met (1).. Reynolds Sprg (1)- 50 Reynolds Tob B (3) 32 * Roan Ante (b76c)_. 27 Safeway Stores (2) 114% 110% Safeway Strs pt (1) 29% 22 St Jomepr Ld (30c). 1% St L-San Fran (d) .. 2% St L-San Fr pt (d).. 11 SavageArms_...__ 37% Schenley Dist a76c. 97% Schenley D pf (53%) 1% Schulte R Strs (d) ... T% Schulte R 8 pf (d)..- 63% Scott Paper (2)-___ 3 20 10s 208 8 16 6 2 34% 20s 161 4 58% 116 108 28% 2% 6 23Y% 97% 48% 1 394 22% 36 26 20s 964 23 20 21 16 20s 30% 9 17% 12% 30% 1 157% 15T 11 25% 254 34 2T% 26% 28 EF P FIE FEPPEFEFEET 2!‘- 27 11% 2’\ 27T% 118 67 FEE FrEer FES 46 58% B57% 58 + % 67 17% 16% 16% 1 956 95 95 ~1 10- 101!6 10;% 107% — 16% + 10% 11 + 8% 3% — ™ % 17 17 34K 34% + 48 48% + 43% + FEEF rEEE 3 25% 1 110% 4 324 11 56% 1 47 4 20% 40s 110% 32 -29% 2% 5% 13% CHICAGO LIVE STOCK. 50: strice: "u‘n‘-' a108] 26% 22 9% 8% 15% Servel, Inc (60c) .. 20% Sharon Steel Hoop_.. 89 Sharon Stl H pf (5). 4% Sharpe & Dohwme..._ 17% 11% Shattuck F' G (50c). 34% 30% Sheaffer Pen (2)._. 21% 14% Shell Union Ofl...... lfi% 110% Shell Un Ol pf 5%.... 40% 6% 19% Skelly Ofl 40% Smith (A 3% 80 Am G & P(a20c). 26 8o Port R Sug(t2).. 25 South Cal Ed (1%). 23% Soythern Pacific.. 63% Spalding(AG)1st p 5% Splrkahhln‘tom 6% Spear & Co. 63 Splegel-May-8 (3) . 21% Square D(B)aé2%e. 14% Stand Brands (30c). 5% Stand Gas & El (d). 9% Stand G&E $4 pf () 24% Stand G&E $6 pf(d) 26% Stand G&E 87 pf (d) 35 Stand O of Cal (11). 32% Stand Ofl of Ind t1. 511 Stand Ollof N J (t1 24% Starrett(L 8)11.40_ 65 Sterling Prod (3.80) 2% Sterling Secur (A). 8% Sterling Secur pf___ 48 Sterl Sec 18t pf(39). 16!% Stewart 14% Stone & 20% Swift&Co (1) ___. 28% Swift Intl Ltd (2).. 1% Symington (d) .___ 5% Tennessee Corp . 287% Texas Corp'n (t1)._. 33 Texas Gulf Sul (2)_ 7% Tex Pac C & O a2sc. 9% Tex Pac Land Trust 33% Thatcher (1) 8% The Fair____. 89 The Fair pf (7 8% Thermoid Co. 23% Third Nat Inv al.15 8% Thomp'n(JR)(50¢c). 83 4% Thompson Starrett. 191a 14% Tide W A530 O 60c_ 106% 1005 Tide Wat A O pf(6) 23" 12! Timken Detroit(t1) 72% 56 Timken Roll B (12) 14% 11 Transamerica t40c. 27% 147 Trans & Westn Air_ 164 10% Transue &W (160c). 12 T4 Tri-Cont Corp a25¢ 111% 109% Tri-Contl pf(6)cald 109 93 Tri-Contl C pt (6 lg"‘ 4% Truax-Tra Coal._. 12% 32% 12% 7Tia Truscon Steel .. 2214 20th Cent Fox Film 31% 20th Cent Fpf1%. 8% TwinCity RT_____ 65% Twin City R T pf. 2% Ulen & Co 74% Und-Ell-FY ). 38% Union Bag&Pap (2) 71% Union Carb&C 2.80_ ¥ 20% Union Oll of Cal (1) 149% 1084 Union Pacific (6) . 100 90% Union Pacific pf (4) 31% 22% Union Tank C 1.20_. 32% 20% United Afrcraft._. 21 13 United Air Line vtc 2814 24% United Bisc (1.60)_. 117 1121 United Bise pf (7)_ 33% 22% Unit-Carr Fast (2)_ 8Tk 9% 487 16% 291 4% 68 United Carbon (3)_. 5% United Corp.-._. 40% United Corp pf 3 10% United Drug (as0c) 15 Utd vyewood (al% 32% UnitEng & F (2) __. 854 663 United Fruit (3)_._ 19% 14% United Gas Imp (1) 1134 109 United G Imp pf (5) 12% 6% Un‘ted Paperb'd(d). 5 2 U S Distributing.___ 20 13 US&Forn Secur.. 39% 24 U S Freight (1) _ 110% 17% 541y 59 49 USHoffmanpf2%. 31% U S Indus Alcohol _. 5% U S Leather vtc_ 10% U S Leather A vtc_. 71 US Leath prpf vte. 21% U S Pipe & Fy(13%). 7% U S Realty & Imp_. 16% U S Rubber___ 47 U 8 Rubber 1st pf._. 12 US Sm & Ref (a8)_ 66%: US Sm&R pf (3%). - 19 50 Univ Pict ist pf_ 3% Util Pwr & Lt (A) .. 1 Vadsco Sales Corp.. 16% Vanadium Corp ... 28% Van Raslte (al%)_ 40 Vick Chem (12)._ 4% Va-Car Chemical. 28% Va-Car Chem 6% pt 4 Valron Coal&Coke. uw. 114% Virginia Ry pt (6)_. 2% Wabash (d).... 5 Wabashpt A (d)._. 4% Wabash pf B (4) 9% Waldorf Sys 11.20_. 30 Walgreen Co (2)... 26% Walker (H) (2)oeen 5% Walworth Co..eue. 10% Ward Baking A 2% Ward Baking B.___ 47% Ward Baking ptf $3. 9% Warner Bros Pict_. 44 Warner Bros pic pt. % Warner-Quin (d) .. 4% Warren Bros. 21 Warren Fdry: 19% Waukesha Mot (1 ). 64 Webster Eisenlohr. 33% Wesson O&S(150c). 87 Waest Pa Elec pf (6) 11 96 West Pa Elec pf (7) 128% 116% West Pa Pwr pf (7) 12% 8% Western Maryland_ 23% 15 Western Md 2d pf_. 9% 5% Western Pacific pf.. 95 72% West'n Union (a2).. 48% 34% West'gh'se A B (1). 147 94% Westingh'se El (¢) 150\6 123% West'g'se 1st p£ 3% 22% Weston El 1 (a25c) 32% Westvaco 5%pf 1% 21% Wheeling Steel. 84 Wheeling Stl pf 32. )x 3% White Sewing Mch. 16 White Sew Mch pf.. 2% Wilcox Oil & Gas__.. 6% Wilson & Co (50c) .. 70 Wilson & Copf (6). 44% Woolworth (3.40)__ 23% Worthington Pump. 56 Worth Pumppf A 47 Worth Pump pf B_. 625% Wright Aero..._.. 63 Wrigley W jr (13)_. 8% Yellow Truck ... 83% Yellow Truck pf___ 42% Young Spr&W (13).x 41% Youngs'tn Sheet&T 122 106 Ygstn S&T pf(5%)- 39% 11% Zenith Radio.._.._. 9% 5% Zonite Products.... 11:00 A Moo 210 000 731.95: customs mbu for the month, | Shares $17,079,250.; l. 1, uu 8 u.}xm 0 8 e amB e BoleRal R o parw s R AR R R RN - S o e e e 1 16 26% 25% 67% 6408 189% 131 66 66 19% 40 80% 1118 llB 15 3 010 2 Ly 38% % uwu st L b & .}‘J‘.f.i‘;‘:..: rES F S O B o I ® 2 E3 ++1+1+11+ L o 28% + % 23 7 40% + % 991 — % 06% 107 12¢ 4+ % 11 28 +u 6% + % 89 + % 4% +24% 143 +3% 146% +11% 2Th +1% 325 34% + % 6 105 +2% 20% + % 4% + % 4%+ % 22 43 3% 8% + % 79 +1% 534 — % 30Kk + % 77 b 68 + 4% 139% +3% 66 + % 19 19% + % 30s 139 139 139 +1% 4 50% 50 50% +1 80% +1 118 37% 3TH + W ™ T-% Approximate Sales of Stocks en the N. ¥. Stock 12 Oflr L 580,000 930,000 Illlcl. i .m 49. Dome Mines Ltd.—Value of mdm: eight months total was $4,652,406, %mwmm With Gains of Fractions to $3 or More. Stock Averages 30 18 18 Indus. Rails. Oti) Net change.+11 +4 +.1 ‘Today, close. 90.0 406 51.4 Prev. day... 889 402 513 Month ago.. 864 378 509 Year ago... 659 25.6 36.2 1936 high... 92.0 415 53.4 1936 loW.... 302 434 1935 high... 312 447 1935 OW.au.. 185 216 1932 loW.... 175 87 239 1929 high.._146.9 153.9 184.3 151 1 1927 1oW.... 51.6 953 61.8 61.8 (Compiled by the Assoclated Press.) BY VICTOR EUBANK, Associatea Press Financiai Writer NEW YORK, September 18.—Buy- ing waves swept heavy industry stocks up fractions to 3 points or s0 in to- day’s market. In more active dealings selected steels, motors, rails, oils, coppers and specialties were well out in front uf the day’'s advance. Late profit-taking failed to stem the advance in the majority of cases. Transfers were around 1,200,000 shares. The list received its principal stimu- lation from business and industrial developments, including the continued flow of favorable earnings and divi- dends. With the French gold holdings down to the lowest point in several years and funds still fleeing the continent | the shaky position of the French franc caused some uneasiness in speculative | and investment quarters. The bright- ness of the domestic scene, however tended to offset to a considerable ex- tent concern over the foreign situa- | tion.. Although politics was the mair | topic of discussion in the board rooms it was thought election currents were having little effect marketwise. Outstanding share gainers includec Inland Steel, U. S. Steel. Bethlehem Crucible, Youngstown Sheet & Tube Chrysler, General Motors, Montgom- ery Ward, Santa Fe, Atlantic Coas' Line, Union Pacific, N. Y. Central Shell Union Oil, Amerada, Socony Vacuum, Kennecott, American Smelt- ing, International Nickel, Internationa Paper & Power preferred, Americar Type Founders, Paramount, Americar Metals, Westinghouses Air Brake, Le¢ Rubber, Firestone Tire, American Lo | comotive, Corn Products, Pullman | Schenley, J. I. Case, Deere and Doug las Aircraft. Wright Aeronautical fell back at on¢ time, but recovered later. Improve ment was registered by American Tele. phone, Western Union, Consolidatec Edison, North American, Sears Roe buck, General Electric, Goodyear, Gen |eral Asphalt, Anaconda, Consolidatec | Oil and Public Service of New Jersey. . Kennecott Earns $9.097.891 Profit, 84 Cents a Sharc Bv the Assoclated Press. NEW YORK, September 18.—Ken. necott Copper Corp. today reportec net income for the first six months o. 1936 at $9,097,891, after depreciation normal Federal taxes, minority in. terest, but before depletion, equal t 84 cents a capital share. This com pared with $3418,097, or 32 cents g share, in the corresponding perioc of 1935. NEW YORK COTTON By the Associated Press. NEW YORK, September 18 —Early advances of 5 to 8 points on trade buying and covering were followed bj reactions in cotton today under hedg- ing and liquidation. Indications that the Gulf storm wa: moving north from off the Virginie capes and private reports of clearins weather in the Southwest brought ir some realizing and there was somt further hedging. In late trading December was sell- ing around 12.03 and active month: generally were holding about net un- changed to 8 points higher. Futures closed steady, 2 higher to ower. e oot steady; n—Nomin Cottonseed Oil. Bleachable cotton seed oil future closed steady. September, 10.32B: Oc tober, 10.36; December, 10.36; Janu ary, 10.37B; March, 10.45. Sales, 10. contracts, including 4 switches, «New Orleans Prices. NEW ORLEANS, September 1% (m Cotton tutures were from 1"t 4 poink higher in early trading { joush trade and "speculative suppor developed to keep the market on an exe! keel and absorb the small amount o hedge selling that developed at the open Reports of devastating fioods in the in terior of Texas, particularly around Sai Angelo. were considered bullish r sold at 11.96 at'the first eall December at 11.09, January at 12.01 anc March at 11.96. It marked the third day that prica have not moved out of & 10-point range # early dealin Cof * o1l futures opened steady Benunlnahr. .l October, 9.85b; De 9:92b. March, 10005 2b; March, 100 May, w‘o-'m Sept inclumn' 9 lM‘ “Amer; . hl =~ ate hu:i?‘.ou done; Drl(f nts higher: quotations E’ ‘middling, 7.65; £20d .uf' i ny rict middling, } Mmiddiing, 6.68 uulez lu- middling,’ 6.7 lo' middling iet_good ordinai 13; good o inarst 5 ag October. 6.52; 6.44; March. GOODYEAR TIRE PLANS INCREASE IN SHARES By the Assoclaved Press. NEW YORK, September 18.—Good- year Tire & Rubber Co. has notifiec the New York Stock Exchange of s pmpnled increase in authorized capi- tal stock by 1,000,000 shares of serial preferred stock of no par value, the initial . series to consist of 782411 of $5 convertible. pany also proposed to decrease by Putures o December, o My, 6 37 et NEW YORK. Septem! (). —Cop aulet, elegoUE Tnb' nd. favire by .?%g:s F = e unchanged. dull; imnunl“l;lmn