Evening Star Newspaper, September 18, 1936, Page 17

CURB LIST MOVES T0 HIGHER LEVELS Oils, Industrial Specialties Assume Leadership in Further Advance. By the Associated Press. NEW YORK, September 18.—Curb stocks turned in further gains today, with oils and industrial specialties leading. Gulf Oil and Aluminum Co. of America added 2 points or more. Other buoyant spots in late trading were Pittsburgh Plate Glass, Humble Oll, Texas Gulf Producing, Wayne Pump and Bunker Hill & Sullivan. Utilities were fractionally improved. Issue of Union Pacific Debentures Placed on Market BY the Associated Press. NEW YORK, September 18.—Kuhn, Loeb & Co. today offered at 99': per cent and accrued interest $20,000,000 of Union Pacific Railroad Co. 34-year 814 per cent debentures. Proceeds from sale of this issue, subject to approval of the Interstate Commerce Commission, will be used, together with treasury funds, to re- deem on December 1 at 100 and in- | terest the company's 40-year 4 per | cent bonds due June 1, 1968, now outstanding in the principal amount | of $20,000,000. High. Low. 1pm 107 © 107 107 &1, NO'z RQY, 2106 10613 10613 10234 10234 10234 ZTe8 ' 0512 96 107 107 107 14 94 14 108 108 108 2101, 1007 1007 10372 10334 10378 Abbott's Daiy, fs, 42 Alab 4 Alsbama Pow 55 Alabama Fow Arkans P & L - Ao B Ind «!'zs Asso G & . | Butler Bros. C GU 8138 A Cont_ G&E B3 ¢ | Brown Formai THE EVEN.'ING STAR, WASHINGTON NEW YORK CURB MARKET ALL QUOTATIONS AS OF 2:55 P.M. DA!I-IGIIT SAVING TIME. Byfflvl“mm-mm Stocks a; Acme W vte (2).. :za- Ainsworth (2) ... Ala Pwr pf (6) ... lfll Allen Indus (11 6 203§ 24 Allied Pro(A)1% 3 2274 22 Alum’n Co of Am_ 300s 13834 132 Alum’n Ltd 3 56 64 Alum'n Ltdcupf. 1 99% Am Cities Pwr & Lt(A)ww (2%). 8 € 46 46 10 6% 6% 6 3 9 83y K 2 Am District Tel NJevpf (7). 68 183 133 133 Am Fork & H (1) 258 19} 19§ 19 12 42 404 42 1268 1113 111 9 133 b4 Am Gen C'p pf(2) 1008 Am Laun Mch 60¢c Am Lt&Tr (1.20) Am Mfg Co _ Am Maracaib Am Meter Co Am Superpower._ Am Superpwr pf. Apex Elec Mfg__.. Arcturus Radlo T. Ark Nat Gas Ark Nat Gas (A)- Ark Nat Gas cu pf Art Met Wks 60c... AssoG& E (A) .. AssoG & E $5pf.. Assoc Invest t1%. Asso Rayon ____. Al Coast Fisher_. Atlantic C L (b1)- Atlas Corp (a80¢c) Atlas Corp war _.° Atlas Plywd ab0c. Austin Silver Auto Froducts. Babcock& Wil (1) | Baldw L bd rts(d) BellancaAireraft. Bell Tel of Can(6) Berkey & Gay Furniture Co. Berkey & Gay Furn pur war. Bickfords Inc (1). Black & Decker . Bliss Co (E W) ... Blue Ridgecvpf3 Blumenthal S__ - Bowman-Biltmore Hotels 18t pf(d) Bowman-Biltmore Hotels 2d pf (d) | Bridgep't Mach_.. | Brill Corp (A) Brill Corp of . Brillo Mfg (60c)_. | British Am Ofl coupon (80¢) .. | Brit-Am Tob cou | B (a75 7-10¢) Brown Co pf 1 Bbs 29 108 162 59 1% 9 8634 . 7 28 2 E0s 200 . 7 % 508 151 ISK zh 151 81 124 8% “y 264 106 7584 803§ Buckeye P L (3) 1008 Buffalo Niag & B s | P of (1.60) Buffalo Niagara | & Estpt 1st pf(5 50s 106 6% 8235 24 15% 14 20% u Bulova W cv pf__. 4508 Bunker H&S t2__.70:0 Burma Ltd +| (a129-10¢) 1 28 Cable El Prod vte 4 | can Car & Fary pf150s Can Hyd El 1st pf. 208 Can Indus Alco A Can Marconi ____ Carib Svndicate _ Caro L & P pf (6). Carrier Corp Casco Product Catalin Corp | Celanese pr pf (T) | Celanese 1st pf(7) Celluloid Corp pf- CentHG&E vte (80c) - | Central Pwr & Lt 7% pf (3%4) . | Cent States Elec... i Cem States Elec | % of . 2% 12% o4 | Cemr!fu:n] P ilc Hall (W F) 5/ Hous L&P 4! Idato Power 51 Chi Flex Shaft t2 505s 351 | Citles Service pf—. | City Aut Stpg 60c.. | Clev Elec 1lu (2)- | Clev Tractor | Club Aluminum _. z | Cohn & Rosenbgr. ® | Com'with & S war cod! elsner Bros 65 4% evads Callf 53 ‘54 w Eng SA 4R T o ;onn w&p u m Phita E1ct -w,q hila R Tr 05 ggvgv = fre B & 1, 3 se 45 A York Rwy 65 S:A 2 WW—With warrants. xw—without war- nts. n—New. [BR: e leN L——Wh!n issued. st —_—— U. S. TREASURY NOTES. (Reported by Chas. D. ?lmu & Co) Dee ¥ Mg 10P1E s 10085 uu 25-32 DB s iP 2 & 2222322233 oot gon= it (3 S5 823:3:?:::9??:: 52353 ddadsds ‘flm at !:r nflun - mn fl ooa %‘é‘” % integ ed buy- m: “u‘nnofilu mvenment - —ABide from the declm! - urities. Briger peralts eE Tentey ot 4 Lt . o bk il 1stof Colt's PEA (1%) .. . | Columbla Gas & Elevcv pf (5)..226s | Columb O1] & Gas. 12 13 1025 1013 84 8% | Community PL 558 | Compo Sh Mach s tc(50¢). | Consol Atrcratt. Consol Copper. Consol Gas of Balto (3.60) __. & Consol M & S (2) -100s Cont Roll & Steel Foundry _.1060. Cooper Bessemer. Copper Range. Cord Corp_ Corroon & Re! Corroon & R pf A_ | Cosden O11 Me (d) | Cosden&Me pf (d) | Crane & Co . Crane Co pf ( Creole Pet (a25¢). Crocker Wheeler_. Croft Brewing .. Crown Cent Pet__ Crown Drug a20c. Crystal Oil Ref. Cuban Tob vte. Cuneo Press (2) .. Cusi Mex Mining.. Dayton Rub (t1) . Derby Ofl&R____* Detroit Gasket(1) Det Pap Prod t25¢ Det Stl Prod a50c. Dictograph(albc). Doehler Die- Casting (a50c). 11 Douglas (WL) pf.150s 2 Dow Chem (2.40). Draper C (12.40) .. Driver Harris(1). Dubelier Condens.. Duval Tex Sulph_. Eagle Pitch L 40c. East'n G&F Asso_ Eastn States Pwr. Easy Washing Mach (B) t50¢ Economy Grocery Stores (a0c) -1 Eisler Elec Corp. Elec Bond&Shai ElecB&S pf (5). Electric Power Assoc (A) allc. Elec Sharehold'g- Emsco Derrick(1) 50 108 Evans Wall Lead_ Evans Wall L pt Ex-Cello Airalbe. Fairchild Av new.. Fanny Farmer Candy (50¢) .- Fedders Mfg (a2). Ferro-Enam (al). Fiatrctsadde. . Fidelio Brewery_. Fire A of Phil (2). First Nat Stores 1st pf (7) Fisk Rubber._ u: uz% m ms un 8% 84 283% 18 112! Ford Motor Ltd (a18 1-106. 4 Ford Motor (Can) B (a75¢). 288 Froedtert Gr& M conv pf«(1.20) .. 3008 Gen Alloys. 1 Gen Electri reg (a6%c) .. 1 Gen Firepr'f t40c. 2 Gen Gas & Elec conv pf (B)_._ 50s Gen nvest Corp_. 18 Gen Out Adv pf_..1268 Gen Tele a50c._. 1 Gen Tel cv pf (l). 2 Gen Tire & Rub._. Gen T&R pf A (6) Georgla Pw pf (6) 26s Gilbert (AC).—_.. 4 Glen Alden C (1) 15 Gorham pf ww._. 1008 Grand Nat Films. 48 Grest Atl & Pac Tean-v (16) __. 11434 Great Atl & Pac Tea 15t pf (7!_.160- l.li!( llfl( Greenfield T & D. k Groc Store Prod__. » 1 t% I’( GuardianInvest.. £ 8 _ ¥ X 300 115 Bales— Dividend Rate. 44400, High. Low. Close. ] 474 2034 2274 993 99% 7 6134 8% Stocks Sates— Dtvld'nd H-lu Add 00. High. Low. Close. Gulf Of] (1) e 9634 943 964 Hall Lamp (a20¢) % Harvard Brewery. Hazeltine (3) ... Hecla Min (60¢) 29 Hollinger Consol Gold M Ltd t65c. 6 Horn&Eard 11.60_100s Hudson BM&S (1) 84 Humble Ofl (t1).. 14 Huyler'sof Del... 2 Hygrade Food.... 6 11] Pw&Lt $6 pf_. 6008 1mp O1] Ltd coupon (150e).. 6 Indian Territory Illum Oil (B). .. Indiana PL(740c). Indus Finvte.___. Ins Co of N Am( )Xlll intl Hydro Elec Systemcvpf___ Intl Mining war._.. Intl Petro (t135). Intl Products.. int] Ul (B) Intl Vitamin t40c_ Interstate Power (Del) pf__ Iron Fireman (1)_150s Jacobs(F L)Co(1) 11 Jonas & Naum.__. Jones &Laugh Stl. Ken-Rad T&L(A). Kingsbury Br (d). Kingst'n Prallc.. Kirby Pet (20¢c) _. Knott Corp(ailec). Koppers Gas & Coke pf (6)._. Kreuger Brew (1) Lake Shore M (4). Lakey Fy & Mach. Lefcourt Realty .. Lehigh C&N(30¢). 9% % % 8% 1024 20 5645 6% 2% Lockheed Al Lone-Star Gas 40c Long Island Light Long IsLtpf A 7. La Land (40c) ... Loudon Pk n t50e. | Lynch Corp (2) ... McWims Dred(4). Marion Steam Sh Masonite C'p (11) 4008 Mass Util Ass: Massey Harri Memphis N G a200 | Merritt Chap & S.. Mesabi Iron Mex-Ohio Oil __ Mich Bumper C'p.. Mich Gas & Ofl | Michigan Sugar.. | Michigan Sugar pt Middle States Petrol vte (A) . Middle States Petrol vte (B)_, Midvale Co (a2) 1508 Minn Min&Mf(11)200s Miss Riv P pf(6).. 708 Mohawk Hudson 1st pf (4) _____100s Mohawk H 2d pf.. 60s Molybdenum Corp 10 Moore Dist (f50¢) 2 Mount Prod (60c). 16 Mueller Brass 80c. # | Nat Auto Fib(t1). Nat Baking Co--—. Nat Bella Hes: Nat Container (2). | Nat Fue: Gas (1) | Nat Gypsum (A) Nat Investors.___ Nat Rubber Mach_ Nat Transit (76c). Nat Union Radio.. Nehi Corp_... N J Zine (t2) Newm't Min t1% N Y Shipbldg. N Y Steam._ Niag Hud Pwr_ Niagara Hudson Pwr (A) war__. Niag Sh MdB a10c¢ Niles-Bem-P (al). Noma Elec (a40c). North AmL&P__ North AmL&P pf 150 North'n Europ Oil. Nor States Pwr A. Novadel Ag (2).-. 11t lm 14 3 13%4 3% 8 _ ! Okla Nat Gas Co__ U \ Okla Nat Gas pf__ ’ | Ohio Oil cu pf (6). Oldetyme Distil ... Outboard Mot (B) | Overseas S (a50c) Pacific Eastern __ Pacific Gas & Eleo Df (1.37%¢) - Pacific G & E 1stpf (1%) Pac Tin spec (12). 50 Pantepec Ofl 11 Peninsular Tel(1) 258 Penn P& L (7). 1600 Pennroad (b20c).. 2 Penn Salt (13)___. 508 Penn Wat & P (4). Phoenix Secur.___ Pie Bakeries 160c_ Pierce Gov (albc) Pioneer Gold Mines Litd (80c) __ Pitney Bowes 40c. Pittsb’gh Forging. Pitts & L £ 2% _ 80s | Pittsb’gh P G(12). Pleas Val Wine 551 3214 39% 615 28§ 108% 54 146 9 63§ 1635 9% 534 234 146 Power C'p (Lan).Jst Pratt& Lamal¥%.- 1 Premier Gold t12¢ 18 Prosperity Co (B). & Prudential Invest. & Pub Svs Ind pf___ 1608 Pub Svs Ind pr pf.720s Public Sve Okla prior lien (6)-. 10s Puget Sound P& Lpf (5)-..2008 Puget Sound Pwr &LtS$6pf ____. 60s Pyle National (1) 200s Pyrene Mfg(a80c) 1 Quebec Power (1) Ry&Lt Sec(a25c). Raym’d Concrete.. 258 @ Reynolds Invest_. Rossia Intl Corp... Root Pet'm(a2bc). Russek 6th Av(1). Rustless Ir & Stl.. St Anthony Gold _. Safety Ch&L (t4).100s St Regis Paper... 40 Salt Creek P(80c). 9 Schiff (The)Co (3) 8 Scovill Mfg al% ..100s Scranton Springs B Water pf_.. 258 Segal Lock & H. Selected Indu: allott ctfs(5%) 4508 Seversky Airerart 12 Shattuck Den Min Shenandoah Corp. Sherwin-Will (4). Singer Mfg (16)-. Smith Corona vto. Sonotone C(al0c). So Penn Oil(t1%). Southn Calif Ed part pf (135).- Southn Colo Pw A. Spencer Chain ® wS~aSemn 508 18435 108 838 2 27% 4 2% 2 89y 80s 39 3 “ of Stand Ofl Ky 1.40. Stand Ofl O a25e . i Stan Ofl Ohio pf § 225s 10634 Stand Pwr & Lt__. 18 4} Stand P&L DL . Stand Prod (ag25c) ¢ 22} Sterchi Bros.. 6 8 27 2 Sterl'g Brew azéo. Stroock & Co a75¢ 1008 265 Sterling Inc(ase). Sunshine Min (2). Swan Finch....._ 1 Swiss-Am Elec pf.100s W}fl Swiss Oil (40c) 15 Taylor Dist (b5c). Technicofor Inc.... Tech Hughes t40c Tenn Elec Pwr 1stpf (1) ‘Texas Guif Prod.. 259 Texon Oil & L 60c.. 534 ‘Thermoid Co pf_.. 50s 70 %' Thew Shovel Coal.126s 2634, 161 4 I FREIGHT LOADINGS SAG 64,321 CARS Weekly Total of 699,859 Is Close to Level of Same Period Year Ago. NEW YORK. September 18. Associated ~Press seasonally ad. we!kly mm on !ndly to IH revious week By the Associated Press. The Association of American Rail- roads reported today loadings of rev- enue freight for the week ending last Saturday totaled 699,859 cars. This was a decrease of 64,321 cars, or 85 per cent, compared with the preceding week; an increase of 73, or 01 per cent, compared Wwith a year ago, and an increase of 52,374, or 8.1 per cent, compared with two years ago. The week's loadings of various clas- sifications, giving comparisons with preceding week and corresponding week a year ago, follow: Miscellaneous_ 2 Less-than-ca Coal Permission Given For Gulf States Utilities Bonds By tne Associated Press. The Power Commission announced today that permission had been given the Gulf States Utilitles Co. to issue and sell $17,300,000 principal amount of its first mortgage and refunding ;‘ bonds and $4,000,000 principal amount | of unsecured debentures. Both issues will be dated October 1. The bonds will mature October 1, 1946. not more than 4 per cent and on the latter not more than 4!; per cent. Proceeds from both issues will be used to retire outstanding gold bond issues (series A, 5 per cent, and series B, 45 per cent). & Webster, Inc, operating in Texas and Loulsiana. i DOLLAR GOES HIGHER IN LONDON DEALINGS By the Associated Press. sl 109% | 6 Gl 34 | Tri-Contl C war... LONDON, September 18.—The "' United States dollar gained % in a | dull foreign exchange market today, mgcluslng at 5061, to the pound, as 1934 | compared with the overnight New 7634 | York rate of 5.06's. !7’1 | ended at 76.87 francs to the pound, French francs compared with 76.94 yesterday. PARIS, September 18 (&) —Three i per cent rentes, 65 francs 85 centimes; | 413 per cent rentes, 70.15. Exchange on London, 76.91. dollar was quoted at 15.19. _— INSURANCE STOCKS NEW YORK. September 18 (P —New York Security Dealers’ Association: The Aetna Cas (2a) Aetna Ins (1.60) Aetna_ Life (.60a) _ A (1a) Carolina_(1.20) ity of New York (1.20) RO Gen Alr-nce CROY _C Glen Falls (1.60)_ _ c Rep (14g) Rut = Great Amer (1a) Hanover ( Home Ins (1 Homestead (1) Lincoin Fire Nationa) Fire ( Natl Liberty (2 = New Hampshire 00 c Wash (1) Paul Fire i6a)_ snrmz'\ald (4%a) Sun_ Life Westchester (1a) Alsq _extra or ras. -Declared or paid so far this year. NAMED AS DIRECTOR. NEW YORK, September 18 (#).— Johrt E. Rousmaniere, New York fin- ancier and president of Cabot Man- ufacturing Co. of Boston, was elected a director of American Woolen Co., as successor of Charles Hayden of Hayden Stone & Co., resigned. — Stocks and Sales— Dividend Rate. Add 00. Tilo Roof (50¢) - Tob Prod Ex(10c) Tonopah M (a3c) Trans-Lux Daylite Pic Sn (20¢) ... High. Low. Close. 184 13 134 T TR I 3 3y 2% 2% s 8 1 463§ ™% f21 2% Trunz P § (a25¢) . 8 Tubize Chatillion. Tubize Chatl (A) - Tung-Sol Lamp n ‘Tung Sol Lamp of (80c) new__. Twin Coach a20c... Unit Alr war. Unit Gas Corp__. Unit Gas C war___ Srse amw 1y 145 e wa Unit Gas pf(31%) Unit Lt & Pw (A). Unit Lt & Pw (B). Unit Lt & Pw pf__ Unit Milk Pr pf t3 United Molasses Ltd (a13 2-5¢) . United Shipyds B. 2 Unit Shoe M 12153508 Unit Shoe Mach DL (1%)_____160 us Fommuoe) U S Intl 1st pf ammee S o S - & 5 Unit Verde Bx (1) 1 Unit Wall Paper.. 12 Utah P& L pt (32.91 2-3¢c). 768 Utah Radio Prod_. 1 Utilitles Pwr & Lt 8 Util Pwr&Lt (B). 1 Util Pwr & Lt pf_.100s Venezuela Mex O... Wayne Pump.. Went'w'h M 1. W Va Coal & Coke. Westn Air Ex(n).. Western Auto Supply A (3)... | West'n Md p?_.... -0- L= Wilson-Jones (2).. Wright Harg t40e. Youngstown Steel Door (a25c) Yukon Gold (a! 1966, and the debentures October 1, Interest on the former will be | Gulf State is a subsidiary of Stone | D. O, FRIDAY, SEPTEMBER 18, 1936. FINANCIAL. How the Price of Texas Corporation Stock Has Fluctuated During the Past Four Years Prices of Texas Corporation Stock 1933-193 In 1933 There W. Deficit of $0.05 Per Share SEES 1937 PERIL INDUSTSTORMS Nebraska Agronomist Says Conditions Ripe for Worst Farm Tragedy. By the Assoctated Press. LINCOLN, Nebr, September 18— D. L. Gross, extension agronomist of |the Nebraska Agricultural College, asserted yesterday that conditions | brought about by protracted drought | in the Middle West held a threat of | duststorms in 1937 “infinitely worse | than those of the Spring fo 1935.” From observations in his own| tate, Gross said he was convinced that “should the Spring of 1937 be | & dry one, the stage already is set | for duststorms the like of which Nebraska has never witnessed.” Vast Area Bare. “Millions of acres in Nebraska are now bare of vegetation” he said. “Soil on these acres is in a powdery, *blowable condition, and with the freezing and thawing of Winter will | become more s0.” The agronomist said more than haif | of Nebraska’s 10,000,000 corn acres | were unprotected by cover crops or | weeds, and that an additional two o three million acres of land which never was Summer fallowed before was in danger of blowing. “Because of the drought very little water has stored in the soil,” he con- tinued, Urges Seeding. In addition he listed 3,000,000 acres B+ of land normally seeded to Winter | wheat, now plowed and ready for | seeding, but not seeded because of | lack of moisture. He urged the seeding of small grains, such as oats and barley and Fall rve or pasture crops, to cover the | soil and hold it from the blowing winds of the Winter and Spring. ““We can only hope that we will have | Fall-sown crops to cover the ground | well,” Gross said, “and that Spnng conditions will be moist so that the =oil will be held in place on those fields that do not get covered this Fall.” DIVIDENDS ANNOUNCED NEW YORK. September 18 —Dividends declared (prepared by the Standard Sta- tistics Co.), e- Stock of Pay- flod. record. able; Consol Oil 24 1 1 Hickok Oil Independ Pne West Point Mfg. Participating. Bkiyn Boro Gas pf___6%c .. 9-16 Jenkins Bros.___ Jenkins Bros Fdrs. Missours Port Cement 256 Resumed. Interest Dept Str: Aceu: 1 Bleriing Secar 15t p-89 == 10-30 Initiar. Burkart (F) Mfg 9-23 Atlanta g Lt 6% pf-$1.80 @ Master Elec 15 Bangor Hydro-Elec_ Brook] Boro Gas. Brookl Boro Gas Burka (F) M City Investing pf Commonw Inve: Consol Oil DOOODD, First Na Ba (Jer City) First Na Ba (Jer City) DOOLOOD, POLOD DOOOO POD Independ Pn ings Amounted 3004 Por Shara i 1934 Stock Seld Between 3066 and 4'5.” Times Earni | 8u Pan-American, Pish West Point Mig- FEDERAL LAND BANKS September 18 (P—TFed- eral Tand Bank bo (Quotations u ul 2 oclncx) > 53 3 [ 2223523333 e s £ ©. 22233383334 ST oo 55 l‘ll. FOREIGN EXCKAIGES. NEW YORK, September 18 (. —Forsien cxchange quiet: &fi' ‘mwd‘m s Prance. demand. 6.58%: cabl 7.86%; ubl:' Italy, demand. .60: Hi Sweden. 26.11; 23; Switze: 32, fo Sysens 88 oslovakia, . 18.897: Hungar that Allied Stores has purchased the common stock of Dey Bros. and has mwmmgflmuw. ND JFMAMJJA 1934 LeHers above are initials for months—J for January. F for February. e16. rowm: 1000 & T Guege Bt THE WEATHER District of Columbia—Cloudy with probable light rains this afternoon and tonight; tomorrow generally fair; not much change in temperature; strong northerly winds this afternoon back- ing to northwest tonight and dimin- ishing by tomorrow morning. Maryland—Cloudy, with rain in east portion this afternoon and probably tonight; tomorrow generally fair; not much change in temperature; north- east and north gales in East portion this afternoon and tonight, whole gale | on coast backing to Northwest and | | diminishing in Southeast portion to- night and in Northeast portion by to- morrow morning. Virginia—Cloudy with rain in East ! portion this afternoon and possibly in | Northeast portion tonight; generally fair; temperature; north and northwest gales in extreme East portion, dimin- ishing this afternoon and tonight. West Virginia—Generally fair to- night and tomorrow; little change in temperature. River Report. Potomac and Shenandoah Rivers cloudy today. Tide Tables. (Purnished by Un.fld Geodet: tomorrow Hish - Hieh Low Sun, n. Moon, today today one-half hour after sunset, Precipitation. Monthls precipitation 1 Cabital (Current MontR to dareres 1D the Month. January (o 4 0SS5 D03, adequate rainfall soon to allow these | Tod 4 Last 24 Hours. (From noop, yesterday to noon Highest 82 — to p.m. yesterday 67, 5 am. today; year Record Temperatures This Year. Highest. 105. on July 10, Lowest. 0. on Januarv 23. Humidity for Last 24 (From noon yesterday to 74 per cent, Stations. Abilene. Tex. Albany. N. Y. Atlanta, Ga Baitimore. Md._ 3 Birmingham Bismarck. N. ron, Indianapolis Jacksonville Aen1h 1 EFACtere Y Olb altar. Spain (Noon. Greenwich time, today.) Horta \hy-lv Azores_ 68 Cloudy (Ourfent :hurvnmu) 8¢, Ggorges, Bermu 0 San Juan_ Puerto Ri Havana. Cubs. Colon,” Canal Zone NEW YORK SUGAR. NEW Sel e ! () —Raw sucer was ung N':nlrv bodey ot 3.58 for spots. N& was revealed that ac dltlonnl blllinm n o ,mo‘( Pu:lt this_level, m‘- Cubas for ship ment Y Soday there (e saditional ?.Fufln" ‘ lhll bllll. no it g'.:x'.i"':; idda?” ' 1&‘ tr’-‘n‘}unlnl l‘q for uldnl o S lr:'x-:"fi::i:::., Pediscount nu. New 1% per cent NEW YORK BAR SILVER. NEW YORK, September 18 (#)— mmnr steady and unchanged at Stock Sold Mun 8.92 and 16.35 Times not much change in | PLAGE IN BANKING SEEN FOR WOMEN Miss Susan B. Sturgis of STEEL WAGE HIKE SEEN BY MURRAY Labor Leader Says Boost Is Being Withheld in Scheme to Beat Roosevelt, By tre Associated Press. PITTSBURGH, September 18- Philip Murray, chairman of the Steel Workers Organizing Committee, pre- dicted yesterday the United States Ste=1 Corp. will grant a wage increase, but is withholding the announcement as “part of a general scheme of big business to defeat the re-election of President Roosevelt.” The chief lieutenant of union la- | bor's drive to enroll the 451,000 steel wage earners in one organization made his assertion in a 2,000-word reply to B. F. Fairless, president of the United States Steel’s Carnegie- Ilnois Corp. Fairless notified his 90,000 employes last week there would be no wage boost because, he said, earnings and past-due dividends made such a step unwise at this time, Intends to Use Fund. Murray asserted Fairless stated a case of property rights which ignores “human rights” of the workers and pointed out that $11,000,000, set aside by the corporation from $16.000,000 net profits during the first h 1936, is taxable under new Federal laws. He contizued: “It is obvious United States Steel intend to use its surplus funds in- stead of letting ¥ iem be taxed, “We all know . . . a small percent. age will be used for machinery, but the bulk will be used to grant a wage increase. The growing tide of the Steel Workers' Organizing Commit- Boston Discusses Future at Convention. By the Associated Press. SAN FRANCISCO, September 18 — | A woman bank employe nowadays need no longer be merely the banker's sec-‘ retary—she can be the banker—lead- | ers of the Nation's 2,100 bank women asserted today. A limitless future for them was fore- seen by Miss Susan B. Sturgis, assistant branch manager of the First National Bank of Boston. She is president of | the Association of Bank Women, open- ing a two-day convention today. “It is an odd thing,” she told inter- viewers, “but the question confronting | woman bankers today is not how far | they can go in that psofession, but how far they want to go. “Women are valuable in banks | chiefly for their contacts. For the most party they are not limited in their scope. But most woman bank- ing executives are perfectly content to leave responsibility of a great finan- cial institution to some one else.” Miss Grace 8. Stoermer of San Prancisco, convention chairman, said | many of the 45,000 young women em- Automobile lights must be turned on | ployed in banks are studying to pre- pare themselves for more responsibility. “Because women are proving them- selves in this unusual field,” she de- clared, “we find more and more col- lege girls training themselves for the banking profession, and at the same time a greater appreciation of their services by men banking officials.” Miss Sturgis asserted experience has | shown many men will readily accept 9 |advice on financial matters from a woman, She saw a waning of a prejudice that banking is solely for men, /D. & R. G. BONDHOLDERS ARE CALLED TO MEETING| By the Associated Press. NEW YORK, September 18 —Tak- ink cognizance of a recent suggestion by the Securities and Exchange Com- mission, the Guaranty Trust Co. dis- closed it had asked holders of Rio Grande Western Railway first consoli- dated 4 per cent bonds of 1949 to meet at its headquarters September 24. The Security Exchange Commission, in conveying its views of reorganiza- tion activities, spoke of the desirability | of corporate trustees taking an active | part. Guaranty Trust is successor trustee for the Rio Grande Western issue, which is one of the mortgages involved in reorganization of the Denver & Rio Grande Western Railroad Co, TWO FIRMS INCREASE PRICES OF TOILET SOAPS By the Associated Press. NEW YORK, September 18.—Two companies advanced prices of toilet soaps today, & step occasioned by rising raw material prices and pro- cessing taxes on oils used, trade cir- cles said. Proctor & Gamble Co. lifted the price of its leading hard-milled scent- ed toilet soap 30 cents a gross to about $7 a gross. A like increase was made about six months ago. Colgate-Palmolive-Peet Corp. ad- vanced its price on one of its leading brands a similar amount. —_— PARKER PEN SALES SET NEW ALL-TIME RECORD Special Dispatch to The Star. JANESVILLE, Wis, September 18. —According to figures relagsed today, net United States sales of the Parker Pen Co. increased 69.12 per cent dur- ing August over the same month in 1935. They were the largest for any August in the 45-year history of the company and the largest for any sin- gle month since December, 1930. tee's campaign compels it. The in- dustry, with United States Steel lead- ing, will grant it. Part of General Scheme, “It is plain to all, of course, the refusal to increase wages is a part of the general scheme of big business | to defeat the re-election of President Hoose\elt “Aware of the fact a wage increase would aid recovery already set in mo- tion by the New Dea? policies of the Roosevelt administration, Steel is withholding an increase for political reasons.” Muuray presented statistics which he said showed the recent $2-a-ton price boost in certain steel products justified a wage increase and how Government loans to railroads and expenditures had made possible “enor- mous profits” for Steel. The letter also requested the cor- poration to throw open its books for a Federal Trade Commission inquiry to determine the “accuracy or inac- curacy” of the corporation’s cost ac- counting, which deducted for sundry things, $30,000,000 from a gross profit of $46,891,000. Commercial Credit To Get Funds With $30,000,000 Issue Bv the Associated Press. NEW YORK, September 18.—Com- mercial Credit Co. will obtain new long-term funds through the issuance of $30.000,000 13-year 3', per cent debentures, it was announced by A. E. Duncan, chairman of the board. A registration statement covering the issue will be filed with the Secun. ties and Exchange Commission shortly, he stated. Kidder Peabody & Co. and the first Boston group, will head the selling group. Proceeds from the debentures will be used to retire outstanding short- term notes or to purchase receivables. NEW YORK PRODUCE. NEW_ YORK. September 18 (P.—-But 5% auiet and uncha steady. Mixed ¢ 5 otner mived ‘coiors Live poultry nominal. By freight. broil. ers, Leghorn, 16alS, other freight pricer | unquoted 1 Snchaased: Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5%% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 LOANS ON IMPROVE D D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal If loan Is not made. Interest charged only on unpaid . ba)ance of principal. EQUITABLE Co-0PERATIVE B UILDING ASSOCIATION 915 F STREET N.W. Organised 1879