Evening Star Newspaper, September 19, 1936, Page 14

A—14 wx MORRIS PLAN HEAD T0 ATTEND PARLEY Willard G. Barker, Chief of D. C. Bank, to Speak at Hot Springs. BY EDWARD C. STONE. Willard G. Barker, president of the Morris Plan Bank of Washington, leaves here today for Hot Springs, W. Va., to attend the seventeenth annual conven- E tion of the Mor- ris Plan Bankers | Association, at the Homestead, September 20-23 He is down on the program to speak on “Pub- lic Relations.” About 250 of the system's execu- tives will be pres- ent. Dr. Claude L. Benner, vice president and economist of the Continental- American Life Insurance Co. will de- liver an important message on “Pres- ent Day Economics,” and Lewis F. Gordon, nationally-known authority on “public relations,” will conduct a forum on that subject. Dr. Luther Harr, secretary of bank- ing in Pennsylvania, and Frank M. Totten, vice president of the Chase National Bank of New York, are among others scheduled to make im- portant addresses. The delegates will also hear from Arthur J. Morris, founder, and other executives. Power Bonds Being Called. Holders of Potomac Electric Power | general and refunding mortgage gold bonds, series B, paying 6 per cent and due April 1, 1953, will do well to re- member that these bonds have been called for redemption on October 1. After that date they will cease to bear interest. The outstanding bonds of this issue will be redeemed at 105 and accrued interest, in fact, have been payable at the redemption price for some time. The Potomac Electric Power Co. an- nounced early in the Summer that the price of 105, together with interest to October 1, would be paid at any time the bonds were turned in. it not being necessary to wait until October 1 to turn them into cash. Many holders have already pre- sented their bonds with the remain- ing coupons, receiving payment in full. The redemption date is now very near. Failure to cash the bonds and reinvest the funds will mean the loss of interest on any new in- vestment that might be made at once. Nothing will be gained by holding the bonds until the actual redemption date. The bonds have been listed for years on the Washington Stock Exchange and have a fine investment record. The Power company put out an is- sue carrying a lower interest in place | of the old bonds. Banks Enter Mortgage Field. Commercial banks and insurance ecompanies, as well as individuals, have re-entered the farm mortgage financing field in substantial volume, according to the Farm Credit Ad- ministration. Its survey shows that while Fed- eral Land Banks and Land Bank| Commissioner, with loans totaling $102,000,000 still ranged first in vol- ume during the first five months of the current calendar year, commer- cial banks financed $79,200,000 of farm mortgages compared with $47.- 900,000 in the corresponding 1934 pe- riod, and insurance companies jumped $18,000,000 in the first five months of 1934 to $46,000,000 in the like 1936 period. Individuals now have resumed their former front-rank position in the farmi mortgage field, the report shows. Mortgages recorded by individuals amounted to $115,000,000 in the first five months of 1936. Sees Assessments Unchanged. Chairman Leo T. Crowley, of the Federal Deposit Insurance Corp., as- serts that no early reduction in the present assessment of 1-12 of 1 per cent on average bank deposits for deposit insurance is likely. In explaining his objection to the lightening of the deposit insurance charges on banks, Chairman Crow- ley said he is not opposed to an ad- Justment eventually, but that the time for such change has n.t arrived yet and will not have arrived until it has been demonstrated that the banking system will be maintained permanently on a sound basis. “It seems only logical to me,” he said, “that we continue the present rate for a reasonable period of time before any change is made. That period should be sufficiently long to test fairly the effectiveness of an {mproved quality of bank supervision.” Farmers Out of Depression. The farmers’ total cash income amounted to $735,000,000 in July as against $470,000,000 a year ago. To- tal income, for the first seven months, ‘was $4,024,000,000 this year as against $3,427,000,000 last year, a . increase ©of 17.4 per cent. Despite a rise from June to July in the prices of goods bought by the farmers, these prices were lower than a year ago. This was also the case for the first seven months. As a result, the farmers’ purchasing power showed a greater increase over a year ago than their income. The farmers’ purchasing power in July was 60.3 per cent higher than a year ago and, for the first seven months, 22.3 per cent higher. In July, according to the Alexander Hamilton Institute the farmers were, for the time being, fully out of the depression since their purchasing W. G. Barker power was 4.7 per cent above the pre- depression level in 1929, Heard in Financial District. ‘Washington will send a large dele- gation of life insurance men to Bos- ton next week for the annual con- vention. The big insurance meeting FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, SATURDAY, SEPTEMBER 19, 1936. FINANCI AL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. High. 13% 358 29% 21% 81% 17% 4% 46% 45% 45 45% 39% 245 29 13% 593 l'flh 50 60% 136 105% 133, 126% T 67 58 By Private Wire Direct to The Star. 1938 Stock and Low. Dividend Rate. 9% Adams Exp (a20c) 17% Adams Millis(a?6¢) 22% Address’graph(1)_ 1% Advance Rumley _. 58 Alr Reduction (t1). 13 Alaska Jun (160¢). 2% Alleg Corp (d) ... 12% Allag of wS3Cw (d). 12% Alieg pf wS40w (d). 1214 Alleg pf xw (d) .. 27 Alleg pr pf (d) caee 26% Alleg Steel (t1) ... 157 Allfed Chem (6) 23 Allled Mills (a50 6% Allled Stores “ 36% Allis-Chalm (1%)_. 2% Amal Leather 34 Amal Leather pf $3. 75 Amerada Corp (2)_. 37 Am Bank Note (1)_. Am Brake 8 pf 5% - 115% Am Can (14) - 30 Am Car & Foundry.. 31 Am Chain 114% Am Cl nnftli%_ 87% Am hicle (4) 7l Am Colortype 20% Am Comel Aleohol .. 64 Am & Foreign Pwr_ 29% Am & For Pw $7 pt_ 12 Am & For Pw 2d pf_ 13 Am Hawailan (1) _. 5% Am Hide & Leather. 32% Am Hide & L pf (3). 37 Am Home Pr (2.40). 17% Am Ice pf (2) 9% Am International ... 234 Am Locomotive __. 21 Am Mch&Fy (80c)_ 10 Am Mch&Met a40c- 27 Am Metal T4 Am Power & Llj:h! 36% Am Pwr&Lt pf (5)_ 43 Am Pwr&Lt pf (6). 18%.Am Radiator(alse) 23% Am Rolling M(1 Ifl) 18 Am Seating 7 9 3 2 1 408 n 25% Am Shipbldg (2) e l00| 56% Am Smelt&Ref (2)_ 20% Am Steel Foundry.. 484 Am Sugar (2) 20% Am Sumatra Tob +1 14914 Am Tel & Teleg (9) 87 Am Tobacco (5) _. 884 Am Tobacco B (5) 874 Am Type Founders. 19'x Am Wat Wks a20c.. 7% Am Woolen 54's Am Woolen Df(xl) % Am Writ Paper (d) 4's Am Writ Pap pf (d) 314 Am Zinc & Lead __ 28 Anaconda Cop (1) _. 5 Anaconda Wire(2). 5'3 Anchor Cap (60c) .. 9 Andes Copper 87 Archer-Dan-. ‘Vll‘l% 4% Armour (lllinois) 661 Arm'r(I1pr pf (6). 7% Armstrong C (1%). 713 Arnold Const (50¢). £15 Artloom Corp 95 Artloom pf (17) % Asso Dry Goods 9 Atch To & S Fea2 0% Atch To&S Fe pf(5) 11 AtIGulf & W Ind__ 26% Atlantic Ref (1) 109 Atlantic Ref pf (4). 48 Atlas Powder (12) 112 Atlas Powder pf (6) 4% Aviation Corn (Del) 213 Baldwin Loco (4) 29'; Baldwin Loco pf(d) « Baldw L pf asd(d)- 157 Baltimore & Ohlo _ 21 Baltimore & Oh pf 417 Bang & Aroos (215) 110'; Bang & Aroos pf(7) 131, Barker Brothers _. 821, Barker Bros pf 14'x Barnsdall Ofl (80c) 16% Bayuk Cigars (75c) 18 Beatrice Cream (1) 85" Beech-Nut P (13) __ 13% Belding-Hem (1) 21% Bendix Aviat'n (a1) 20 Beneficial L (1134). 48 Best & Co (12) 453 Beth Steel 16' Beth Stl 5% pf(1) 23 Bizelow-San (1) 1415 Blaw-Knox (40¢)__ 16% BoeingrAirplane _ 41 Bohn Alum&Br (3). 39 Bon Ami (B) (235). 25% Borden Co (1.60) _. 64 Borg-Warner (13) 12'4 Bridgp't Brass t40c 43" Briggs Mfg (12) 4715 Briggs & Strat (3)_. 40% Bklyn-Man Tr (3)_. 413 BKlyn & Queens 4415 Bkiyn Un Gas (3 81x Brunswick-Balk 87y Bueyrus-Erte 10742 Bucyrus-Erie pt(7) 91 Budd (E G) Mg 1 Budd 26 pd. Oct 16 85 Budd (EG) Mfg pf. 8% Budd Wheel s 11% Bulova Watch 25 Burr Ad Mch(160c) 14'% Bush Term B pf cod 16'3 Byers (A M) _ 54'a Byers (A M) pf 22 Byron Jackson t1__ 30% California Pkg(1%) % Callahan Zinc 6 Calumet&Hec a50c. 30 Campbell Wy (11)_. 10% Canada Dry G A 107 Canadian Pacific. . 6% Carriers & Gen 20¢ x 9215 Case (J 1) Co 54% Caterpillar Trac(2) 21% Celanese Corp a50¢.. 54 Celotex Corp pf 25% Cent Agulre (1% ). 35 Central RROfNJ. 615 Century Rib Mills_. 58 47% Cerrode Pasco (4) 19% 6T% 104% 69% 86 69% 6% 12 31% 5% 4% 60 8 45% 136‘4. 11 B 828, 123 24% 5% 82 12% 44% 33% 44% 109 T 20% T 15% 20% 26% 8% Certain-teed (new). 574 Certain-teed 6% pf- 101 Champ Paper pt(§) 221 Checker Cab Mfg. _. 59 Chesapeake Corp(3) 51 Ches & Ohto (2.80)_ 2% Chi & East [1] pf(d) 4 ChiGrt Wopfd) . 25% Chi Mail Ord(t1%). 2% Chi M St P&P pf «d) 215 Ch1& N W (d) 40% Chi Pneu Tool pf. 3% Chi RI&P 6% pf :d) 313 Chi R I&P 1% pf(d) 19% Chi Yellow Cab (2). 1814 Chickash Cot Ofl 7 Childs Co 15% City Ice & Fuel (2)_ 727 City Ice&F pf (6%) 4% City Stores _ 23% Clark Equip (1. 20)- 33 Clev Graph Br (2) - 48 Cluett Peabody (1)~ 13 Colgate-P-P (50¢c) . 3914 Collins & Alk t3.... 8% Colonial Beacon . 28% Col Fuel & Ir (new) 237 Colo F & 1 pf (d) 19% Colo & South 14 Columb G&E (a20c) 31 Colum Pict vte (11) 94 Colum Carb vte(t4) 44 Comel Credit (14) .. 100% Comcl Credit pf 4% 55 Comel Invst Tr (4). 110% Comcl I T cv pf (6). 14% Comel Solv (80¢) -, 2% Comw & Southern_ 59% Comw & Sou pf (3) 7 Conde Nast Pub 307% Congoleum-N(1. 15 ConnR&Lopf .. 27% Consol Edison (2) .. 102 Consol Ed NY Dt(i) 4% Consol Film 5L 15% Cons Film pf (31).. 3% Consol Laundries_.. 11% Consol Oil (60¢) - 12% Cons C (Del) of vte. 15% Container Corp (1), ' Atlantic Coast Line. 10 108 450n 19 2 2 808 13 15 4 3 62 34 1 508 111 2 708 3 3 1 17 10, 3 12 8 lfll 08 1 2 3 108 108 2 4 22 108 7 2 L 2 16 24 108 2 408 bt 508 80 5 2 508 87 H 6 89 408 10 7 13% 22 28y% 2% 58 92% 41y 92% . 41% 138 138 1 26% 126 48 57 126% 1054 108 2% 6% 836% 164 19% 6 3674 46 17 111 2 175% 98% 101 14% 24% R 56 1%° T 4% 12415 Sta an 561y 56 2614 39% 48 124" 54 31 5513 54 25% 38 48 111 19 19 106 105 17% 17% 18 18% 23 Prev. 1036 Nes lln- Bales— Add 00. High. Low. Close. Chge. 13% + % 22% +14% 20 + % 2% 414 41% + % 138 126% + 5% 48 — & 58% +1% 126% + % 105% + W 10% + % 27T% + % 67 + 37% +1% 16W +1% 19% — % 6 224% 28% 24% 31% 838, 43% 578 24% 175% 9913 101 14% 25Y% P4+t ++4 FE FEPELEEFREREESE FEL & P 8 56 1% § 4% +1111++ Fl4+ 4+ H 4 s srxr s5v 7% sreycsy 42% 8 IOG% 10696 106'/1 e 4% 234 9% 40% 345 1% 9% 84 Stock and Low. Dividend Rate. 14% Del Lack & West. ... 4% Den&Rio GW pf (d) 33 Diamond Mtch 1% 18% Dist Corp Seag Ltd. 7% Dominion Stores___ 50% Douglass Atrcraft.. 4% Dunbill Intern 167% 133 Du Pont de N ¢! 133% 129 Du Pontdeb (6).. o 13 Durham Hosiery pt. 25 9% 5% Eastern Roll Mills_. 186 156 Eastman Kod (15)-. 4% 1% ™ . 1% ki 85 5% 1% 3% 84 30% Elec Auto Lite (a2). 10 Electric Boat 5% Elec&Mus In(b2ic) 6% Elec Pw& Lt ... +29% Elec Pw & Lt §6 pf. 32% Elec Pw & Lt $7 pf_ 42% Elec Stor Bat (12)_ % Elk Horn Coal (d).. 114 Elk Horn C pf (d) - 45% Eng P § $5 pf ($10). 89% “48 KPS $5.50 ww $11_ f 18% 314 25% 15% ) ‘8% 59% 50% 261 124 5% 5% 49'% 33 48% 45 11% an, 38%, 4315 83 35% 531 T 18% 12 63 345 15 % uv. 11814 48% 43 % 55 T2% 122% 10% 6% 1181 3w 43 483 601 164 35% 116 135 80 116 234 373, 57 19% 34 294 348 147 114% 13% 18 5% 5% 41 1854 AT 112 29% 19% 265 101% 129 u7 26 48'% 33% 28% 24% 25% 49% 22% 43 T84 28% 46% 28 26% 16% 30 4 16% 19 111% 16%° 60% 0% 11% 31% 115 116% 4914 1% 12% 10% 5% Equit Office Ba20c.. 11 ErieR R. 18 Erie RR1st Df..._. 1% ErfeRR 2d pf.... 12 Eureka Vac C (80¢) 23% Evans Products (1) 4% Exchange Buffet __ 343, Fairb'ks-Morse(t1) 318 Fajardo Sugar (2).. 18% Federal Lt & Trac.. T% Federal Mot Tr 40c. 3 Fed Screw Works__ 2% Fed Water 8vo (A). 38 Fid Phoe F' 1 (11.20) 247% Firestone T&R 1.20 40 First Nat Strs (2%) 32% Flintkote Co (1) 3% Follansbee Bros (d) 32 Food Machine (1) 24% Fost Wheeler ner 30% Fourth 1al.45. 63 Frank Sim pf (37).. 231 Freeport-Texas (1). 31% Fuller Co 24 pf.o.... 3% Gabriel Co (A) v 11'3 Gamewell o 85 Gen Am Investor: 42% Gen Am Trans 1% _. 21 Gen Asphalit (b26c). 10% Gen Baking (160¢c) T's GereBronze 17 Gen ———— 70'% Gen Cable Df._-—- 345 Gen Electric (1) . 33% Gen Foods (1.80) 7 Gen Gas & Elec (A) 14 Gen G&E 6%cv DIA 537% Gen Motors (12) __ 118 Gen Motors pf (5)_. 5% Gen Outdoors Adv.. 31 Gen Pub Service __. 106 Gen Ry Sig pf (6).. 261 Gen Real&U pf ww. 33Y Gen Refrac «ali). 3215 Gen Stl Casting pf_ 17 Gen Theatre Equip. 30t Gen Time Inv (1) _ 13% Glllette Saf Raz (1) 70 Gillette SR pt (5)— 6% Gimbel Bros ... 39% Glidden Co (2) __ 5215 Glidden cv pf(2%)- 37 Gobel (Adolf) Goebel Brew (t20c) 12% Gold Dust vtc (60c) 13% Goodrich (B F) 74 G'drich(BF)pf n(3) 21% Goodyear T & R . 87 Goodyear 87 pf (4). 814 Gotham Silk Hos 2 Graham-Paige 1% Granby (2d stpd) 31x Grand Union ctfs _ 16 Grand Un pf 387%c 2414 Granite City Stl (1) 2814 Grant (W T) (1.40) 32% Grt Northernpf___. 16 Grt North'n Ore (1) 22 Green (H L)Co(t1) 48% Greyhound C'p 3.20 91, Gulf Mobile & N 301 Gulf Mobile & N pf. 33 Hack WpfA (1%). 6 Hall(WF)Printing. 14 Hamilton Watch _ 304 Harbison Walk(2)_. 4% Hayes Body _ 1501% Helme (G H) pf (7) 25% Hercules Motor (1) R4 Hercules Pow (5)__ 126 Hercules P pf (7)__ 60 Hershey Choe (3) 108 Holland Furn pf(5) 9 Holiander (t50e)__. 1914 Holly Sugar (2) 397 Houd-Hersh(A)21 22% Houd-Her (B) t113. 6% Houston Ofl vte ___ 48% Howe Sound (t3) 3 Hudson & Manha 13% Hudson Motor Ca: 1 Hupp Moiors 18% (1linois Central. __ 25% Indus Rayon (1.68). 106 Ingersoll-Rand(12) 88% Inland Steel (3) 6l Inspiration Copper. 11% interboro R T (d)_ 213 Intercontl Rubber. 9% [nterlake Lron 2% Int Agricultural 22% Int Agricul pr pf_. 160 Int Bus Mach (16) . 35'% Int Cement (2) ... 56% Int Harvester 2% .. 2% int Hydro Elec (A). 43% Intl Nickel (1.40) __. 3% Int Paper & Pw (A) 2Y% Int Paper & Pw (B) 1% Int Paper & Pw (C) 2015 Int Paper & Pw pf . 107 Int Print Ink pf(6). 23 IntSalt (1%) 12t Int Tel & Tel 10% Interstate Dept Str. 82 Int Dept Strs pf(7). 88 Johns-Manville t2_ 75% Jones&Laugh 1% pt 39% Kalamazoo Stove 1. 13 Kans City Southern 19% Kans City South pf_ 25 KayserJ&Coal%. 20 Kelsey-Hayes (A).. 18 Kelsey-Hayes (B).. 14% Kelvinator (150¢) .. 28% Kennecott C (1.20) . 17% Keystone S&W (2). 30 Kinney (G R)pf __ 4% Kresge Dept Strs. 20'; Kresge (SS) (11).. 35% Kress(SH)&Co new 19% Kroger G&B (1.80). 15% Lambert Co (2) .. 12 Lee Rub&Tire(50¢c). 15% Leh Port Cmt a25c.. 2 Lehigh Valley Coal. 9% Lehigh Val Coal pf. 815 Lehigh Valley R R 89 Lehman Corp (13). 12 Lehn & Fink (1%)- 371 Lerner Stores (2) ... 4T% Libby-Ow Gl(a2%). 7 Libby McNeill & L... 25 Life Saver (1.60) . 97 Ligg & Myers (t4)_. 97% Ligg&Myers B (14) 19 Lily Tulip Cup(1%) 25% Lima Locomotive._.. 3215 Liquid Carb(1.60) . 43 Loew’s Ine (12, 2 Loftinc __ 214% Lorillard (P 20 Louisv GEEpfA 1 ‘4 57% Lou & Nash (a43%). 22% Ludlum Steel (1) 35 MacAnd & For (2).. 12% McCrory Stores.... 39% Mcintyre Porcu (2) 85 McKeesp't TP (14). 8% McKesson & Rob .. 37% McKess&Rob pf(3). 11% McLellan Stores. ... 27% Mack Truck (. 40% Macy (R H) Co (2). 34% Magma Copper (2). 7% Manat} Sug pf (d) .. 8% Marind Midld (40c). 65 Market St Ry pf ... 8 4174 5 36% - o - g8 » - g whruacsvratesasnuravennarnBouwnuneatemennnan 2 208 73 T BN RA=IT AR - banlmbimnmaa > NRHNE ~o = S e - P RT T - PR Boarmonal Falu 11% 43% 101% 116 112 34 ws 25% 104 4% Net | Prev. 1038 moo.mlh. maon Chge. .‘fi"” 20%'0'“ 84 25% + % 10% + W B+ 6! 8 8 173% 174 + % 364 26 101% 115 111 41% 1 105% 105% 105% 20% 20% 36% + % 11% + % 43 +1 U+ % 6% + 4 16% + % 68% +1% 8% +1% 4Th+ % 44+ A+ FEEE F z 44+ + Py S E B R S T B I I FOEIIE FIFPEFEFEFET & 25 & +¢ ¥ ST EEEER0 FE F FEFES I++1i4%+ 1 4 + SE FFEFEF FF OF IFEELSF ¥ + o A 44 B 20% 34 + % 41% + % 61% +1 2% + % 22% — 4 28% + % 92 +24% 30% + % 35% — % 19 + % 42% — % 90% +1% 9% zm 9614 32% T9% 44 22% b4 21% 32% 18% 38% 30 28% 18 33% 31% 14 u 1% 164 184% 9% Stock and Dividend Rate. A«mm 28% Motor Prod (12) . 15% Motor Wheel (1) nu Mullins Mfg (B) ... Mullins Mfg of (7). 21 Munsingwear a2% _ Murphy G C (1.60)— Murray Corp.. . ... 43 Myers (FE) (12)- 15 Nash Motors (1) ... 20% NashvChat & St L. 12% Natl Acme (a2c).. 30% Nat Biscuit (1.60 21% Nat Cash Reg (50¢c) 21 Nat Dairy P (1.20)-. 10 Nat Dept Stores. ... 25% Nat Distillers (2).. 26% Nat Lead (150¢) .. 137% Nat Lead pf B (6) - 9% Nat Pwr & Lt (60c). % Nat Ry Mex 2d pf.. 57% Nat Steel (1%) 19% Nat Supply COnuuen 7% Nat Tea (60c) 9 Newport Industr 3214 N Y Alrbrake a50c.. 27% NYCentral RR.. .. 17% N Y Chicago & St L. 1« 36% NYChi &St L pf... h 7% NY NH & H pf (d) .. 2% N Y Rys ptf stpd(d). 9% N Y Shipbullding . 57 N Y Shipbldg pf(7). 6% North Am Aviation. 23% North AmCo (1) .. 98 North Am Ed pf(6). 23% Northern Pacific_ 50 Northwest Tel (3).. 12% Ohto Ofl (50€) -~ 24% Oliver Farm Equip. 70 Otis Sleel pr 123 Owens-111 Gla: 13 Pac Am Fisher (1). G 314 Pacific Coast. 8% Pacific Coast 1st._. 4Y Pacific Coast 2d___. 30% PacificG & E (1%). 473 Pacific Ltg (2.40) 14% Pacific Mills 11% Pacific W'n Ofl b25e 67 Packard Mot(a2bc). 1% Panhandle Pro & R. 7 Paramount Pict .. 59 Parameunt 1stpf._ 8% Paramount P 2d pf. 171 Park & Tilford . 40% Parke Davis (a1%). 23 Parker Rust P13 _. 6% Pathe Film Corp._. 10% Patino Mine: 17 Penna Glassctfs__. 28y Penn Railroad (al). 30 Peoples Drug (f1).. 38 Peoples Gas Chi_. 25% Pere Marquette 12% Pet C'p of Am as0c- 1014 Pfeiffer Brew (1.20) 25% Phelps Dodge a75c. 8ia Phila Rap Tr pf (d) 1% Phila& Read C& 1. 66 Phillip Morris (3) . 38% Phillips Petrol (11) % Phillips P rts Oct 5. 8 Plerce Uil pt 1% Plerce Petroleum._.. Tia Pitts Coal Tis Pitts Screw&B 50c_ 49 Pitts Steel pt 3 Pitts United Corp... 581 Pitts United C pf. 21 Pitts& W Va_ 1% Pittston Co 11% Plymouth Ofl (1)~ 12 Poor & Co (B). 44 Porto R Am Tob A _. 6% Postal Tel&C pf (d) 23 Pressed Stl Car (d) 18 Pressed Stl C pf (d) 40% Proct & Gam (113%). 117% Proc & Gam pf (5) _. 39 PubSve N J (2.40)_ 367 Pullman Inc (13)-. 16 Pure Oil 91Y% Pure Ol 6% pf. 9% Purity Bakeris 9% Radio Corp ... . 6813 Radio Corp pf A 3% Radio-Kelth-Or (d) RR Sec [1i Cent.... 287 Raybestos-M (1%). 35‘& Reading (2) . __ Real Silk Hostery__ 174 Rem Rand (160c)_— 4'x Reo Motor Car .. 16% Republic Steel_ 77 Republic Steel pt 2213 Reynolds Met (1) __ 50 Reynolds Tob B (3) 27 Safeway Stores (2). 22 St Josepr Ld (80c). 2% St L-San Fr pf (d)- 11 Savage Arms 37% Schenley Distill (1) 9715 Schenley D pf (513) 1% Schulte R Strs (d) . T8y Schulte R S pf (d)_. 5315 Scott Paper (2)___ s Seaboard Afr L (d). 2 Seaboard A L pf(d). 301 Seaboard Ol (1).. 31 Seagrave Corp.. 595 Sears Roebuck (2) . 25 Second Natl Invest 61% Sec Nat Inv pf $2.90 15% Servel, Inc (60c)__. 20% Sharon Steel Hoop.. 4% Sharpe & Dohme.___ 11% Shattuck F G (50¢c). 30% Sheaffer Pen (2).. 14% Shell Unlon Oil _ 8% Silver King (60c)__ 19% Simmons Co (a50¢). 3l Simms Petrol. - 19% Skelly O11 _ _ 657 Sloss-Sheff pf(a3%. 40% Smith (A O) . 21 Snider Packing 121% Socony-Vac O (50¢c) 3% So Am G & P(a20c). 26 So Port R Sug(t2)_ 84 1 103‘\ 10"1‘- 103% 2874 52 12% Prev. 1936 Low. Close. mo High. Low. 394 2214 39% + % 22% + W 32% 441 24 42y 8% 9% 224 36% 24 29% 53% R89% 31% 18 9% 24%, 635 2% 52 12% 40% I+ 1++14+4+1 ++ 23% 724 14% 16% 12 FEEES §F OFFE IF rEESF 13 © Pard 31% 112 101% Spang Chal pf $8%5_ oayments oasea reorganized Stock and Bales— Dividend Rate. Add 00. 25 South Cal Ea (1%). 21 30% 23Y% Southern Pacific 2 4312 12% Southern Rallwa. 23% 19 Southern Ry pf. .__ 40% 63% Spalding(AG)1st pt 75 106% Low. Close. chu 31% + % 43% + % 23% + 4% P % % 40% + % 75 106% — 5% Sparks- Withington 6% Spear&Co _______. 29% Spencer Kell (1.60). 15% Sperry C'p vte (ln. 13% Spicer Mfg . 44 Spicer Mfg pf (3) . 63 Spiegel-May-S (3) 21% Square D(B)a62%e¢ 14% Stand Brands (80c) 5% Stand Gas & El (d). 915 Stand G&E $4 pf (d) 26% Stand G&E 87 pt (d) 35 Stand O of Cal (11). 32% Stand Oil of Ind t1. 51 Stand Oflof N J (11 24% Starrett(L §)71.40_ 8l Surlym Secur pf__. 16% Stewart Warn(50¢) 14% Stone & Webster 9% Studebaker Corp 3 Superfor Ol _ 9% Superior Steel __ 23 Sutherind Pap 11.60 6% Sweets Co of Am 20% Swift & Co (1) 1% Symington (d) 5% Symington A (d 5% Tennessee Corp 287% Texas Corp’'n (11) .. 33 Texas Gulf Sul (2). 715 Tex Pac C & O a2ic 9% Tex Pac Land Trust 83 Thermold Co ..___. 31 Third Avenue 2 23% Third Nat Inval.l5 24% Thomp'n Prod atlc. 47 Thompson Starrett 14% Tide W Asso O 60c 12% Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 10% Transue &W (t60c) .. T4 Tri-Cont Corp a2ic 14 PR R PO P T T PP ST PP o 3 lllh 109% Tri-Contl pf(6)cald 4% Truax-Tra Coal 221 20th Cent Fox Film 31% 20th Cent Fpf 135 8% TwinCity RT____ 65% Twin City R T pf__. 2% Ulen & Co 74% Und-Ell-Fisher (3). 38'4 Union Bag&Pap (2) 1% Union Carb&C 2.80 20% Union Ol of Cal (1) 90'% Union Pacific pf (4) 20% United Afrcraft. United Air Line vte. Unit-Carr Fast (2)_ United Carbon (3) United Corp_______ United Corp pf (2) United Drug (a50c) Utd uyewood (al, United Elec Coa % United Fruit (3)___ United Gas Imp (1) Un'ted Paperb'd(d) U S Distributing US & For'n Secur 4 U S Gypsum (2)__. U S Hoftman U S Indus Alcohol .. U S Leather A vic _ U S Leath pr pf vtc. 2 US Plpe & Fy(13%). US Realty & Imp U S Rubber U S Rubber 1st pf__ U S Sm & Ref (a8)._ USSteel . _______ ™ United Stores (A) .. Cniv Leaf T pt . Util Pwr & Lt (A)_. + '»- Vadsco Sales Corp.. 2 2 4 Vanadium Zorp __. Van Razlte (allg). Va-Car Chemical Va-Car Chem 6% pt Va Iron Coal&Coke Wabash (d) .______ Wabasn pf A (d) Wabash pf B (d) Waldorf Sys t1.20 Walker (H) (2)_ Walworth Co Ward Baking B____ AVarner Bros Pict Warner Bros pic pf. Warner-Quin (d) . Warren Eros - 9 9 '3 Warren Fary&P(1) 2 3 . Waukesha Mot (1)_ 2 Webster Eisenlohr Wesson O&S(T50¢) West Pa Elec pf (6) West Pa Pwr pf (1) Western Maryland._ Western Md 2d pf__ Western Pacific ___ Western Pacific pf_ West'n Union (a2)._ West'gh'se A B (1). Westingh'se E] (4) Weston El I (a2ic) Weston Elec A (2)_ Westvaco Ch t40c . Westvaco 5% pf 113 Wheeling Steel Wheeling Stl pf 32 White Motor ___ White Rk M S(1.40) White Sewing Mch_ ite Sew Mch pf_. Wilcox Oll & Gas _. Wilson & Co (50c) . Wiison & Co pf (6)_ Woolworth (2.40) . Worthingtor Pump Worth Pump pf B . Wright Aero.__ Yale & Towne (60¢) Yellow Truck Youngs'tn Sheet&T 81t Zenith Radio _ 38 Zonite Product T 4 | 14814+ 144) + oAbt '. +1 +1 +11 % - 8 ot Fomarnanl 2 a N % Sesrg [ySat-3)- P + % Approximate Sales of Stocks on the N. ¥. Stock Exch.lue. | 11:00 A M. Divideny rates as given in the above table are the annuai cash | 0. the iazest quarterly or half-yeariy declarations 5 ODit of trading ‘ess tha including extras 870,000 12:00 Noon. 900,000 100 shares nua) rale—not ? Accumulated dividends a Pald this year it Tear, a/CompATIEs FepoFiea i receivershio of beins x Ex dividend 12555 > D> Biichat [ O 209958 Fa 2, 00000 Ll “ga5s CEER & £ e S5 28 NEW YORK CURB BONDS DOMESTIC BONDS. High. Low, Close. B 3REBIERES FTE A e et Miss Pw & Lt 5s '57 Miss _Riv Pw 08 703 a% 20% 9915 003, Va Pub S 5125 A '16 108 " 108 ' Va 0% 10214 1021 10634 100 10914 12 1003 93, 9% 0575 1057 1057 33 b3 Nevads calif b3 Eng G&E 58 2104 - 10803 1035, 10213 2 100% 100% 10034 Tt S0 1025 102% 1073 !R’ 8% 108%1 90 107 1039 10358 1055 FOREIGN BONDS. Uiie | cuban Tobac 55 ‘41, um-' “1osis stp! ped. Gility Imoaired by maturits. ies reported in receivership. FOREIGN EXCHANGES. NEW YORK, September 19 (%) —Foreign excha ;,Great Britan in doll G Britain. dema: §weden, nma BETY Bwiireriand, quoted: Portugel, 4 Poland’ 18 Yugoslavh 8hia H8%a Bskem ‘Montreal York, New York in llonl.rnl 00835 n—Nominal. a & ml e W STOCKS ADVANCE or More Shown—Soime Reach New Peaks. Stock Averages tndus rafls Net change. +5 +.5 Today, close 90.5 Prev. day... 90.0 Month ago.. 87.2 Year ago_... 659 1936 high... 92.0 - 734 1935 high... 76.3 1935 IOW.... 49.5 185 348 - 175 8.7 239 186 1469 153.9 184.3157.7 - 516 953 618 618 15 680 Uil Stks +5 +5 519 684 514 679 51.3 66.0 36.1 48.4 534 69.6 434 55.7 44.7 56.) 216 411 406 334 25.8 415 302 312 (Compiled by the Assoctated Press.) BY VICTOR EUBANK, Associated Press Financia, Writer. NEW YORK. September 19.—Buy- ing batteries were unlimbered in to- day's brief stock market session and advances of fractions to a point or. more were registered over a wide ter- rain. Rail, steel, motor, utility, merchan- dising and specialty issues led 1. sortie. New highs for the past \ear or longer were posted by a number cf the leaders. Transfers were around 800,000 shares. It was the most active Saturday | session in more than a month, Business and industrial optimism | apparently inspired traders, who for | the past several weeks have been idle on the sidelines, to resume operations. While some market commentators were inclined to skepticism regarding the near-term outlook, the action of the list as a whole in the face of con- siderable profit-taking seemed highly encouraging to recovery forces, Outstanding in the forward march were Santa Fe, Delaware & Hudson Atlantic Coast Line, Northern Pacific, Great Northern, Illinois Central, U. S Steel, Bethlehem, Chrysler, Motors, North American, Public Serv- ice of New Jersey, Western Union, ‘Sears Roebuck, Montgomery Ward, | Schenley, American Commercial Al- | cohol, Westinghouse, Allied Chemical, " | Grown Cork, Loew's, American Type Founders, Johns-Manville, Electric Auto-Lite and Spicer Mfg. Lively shares a shade on top dur- ,. | ing most of the proceedings included Consolidated Edison, Commonwealth & Southern, Columbia Gas, United | Corp., International Paper preferred, | American Smelting, International Nickel, Patino Mines, Standard Oil of New Jersey, Socony-Vacuum, Good- vear, Warner Bros., Paramount, Gen- eral Electric and N. Y. Central. NEW YORK COTTON By tae Assoclated Press. NEW YORK, September 19.—Cotton futures opened barely steady, 3 to 5 l lower, under hedge selling and liquida- tion. October, 11.94; December, 11.98; 11.96; March, 11.85. | January 11.94; July, i There was a fair volume of business | at the opening, with prices lower un- der overnight hedging from the South and scattering liquidation. Near months made new lows for the movement, with December selling off , to 11.96 and active months gcnerlllv showing net losses of about 4 to 6 points during early trading. Offerings were absorbed by trade buying and | covering. The market was holding | fairly steady at the end of the first half hour, although prices were within a point or two of the lowest. Private crop advices from the South- | west said that while the rains had broken the drought of more than two months in many portions of Texas | they came too late to benefit cotton to |any great extent. The crop is prac- tically made in most of the State. Overnight reports from Worth street, indicated fair sales of print cloth, with prices generally holding firm. Futures closed barely steady. 5-13 lo October T 11.96; May, 11.9% 119 1 1 1 Spot quiet: middii Cottonseed Oil. Bleachable cottonseed oil futures closer barely steady. October. 10.30; | Deceraber, 10.31B; March, 10.39. Sales, 32 contracts, including four switches. B—Rid. New Orleans Prices. NEW ORLEANS. September 1 2 Cotton futures closed. steady at net. de- | clines of 9 to 11 points December | January | March May | July Cettonseed ol closed steady. | prime Summer yellow. 9.80a10.10: R 8ila: September October. 9 R4b: Janu- ary. 9 A;b March, 6 510: May. 8050, Bleachuble Liverpool Quetatiens. LIVERPOOL. | September 19 i ton. t midditng. ' 7.15 rict low middling. 6730 low ‘middling. 6.30: strict good ordinary 6.10. good ordinary, BRO. Putures closed guiet and steady. Ociober. 630: Decem- G432 January "6.4%.° March, 640 May, W06 J 1y, CONSTRUCTION LOANS and ON BROAD FRONT Gains of Fractions to Point General* . LOANS ON IMPROVED PROPERTY in the District of Columbis, Nearby Maryland and Virginia 5%2% Promp: Action year (since July 540 Mflfé‘e::‘pe'nuitus 31 B. F. SAUL CO. i 'mrs BRI (| 925 1k Serest Ntk 2100 wa&:l ad ozs o fl t.n“‘rwhi BIER will be in session at the same time 154%“‘2;: K the A. B. A. meets at San Francisco. San Francisco bankers are greeting the first arrivals for the A. B. A. gathering. They report that a build- ing boom has developed on the West Coast and that the bankers will have to give a lot of consideration to real estate matters even if the subject is not stressed on the program. Frederick M. Babcock, chief of the underwriting section of the Federal Housing Administration, is the an- nounceu chairman of a special com- mittee on proposed revision of the rules of professional ethics of the American Institute of Real Estate Ap- praisers of the National Association of Real Estate Boards. He is in active charge of the revision prior to the forth-coming anngial convention to be he!glln New Or] November 16 10% Contl Baking (A)... 1% Contl Baking (B) ... 671 Contl Can (3) - 851 Contl Insur (11.20). 214 Contl Motors 281 Cont Oil of Del(t1). 27 Conti Steel (2) . 55% Corn Ex BK&TT (3). 63% Corn Prod Ref (l)_. 21 4 Coty Inc 2 lflhcro'nclflfl) - 15 46% Crwn C&S pfww2y 3 7% Crown Zelleb’k vic. 34 28 Crucible Steel.. 9 1% Cuba Co 1 63% Cuban Am Bu, 108 167% Curtis Publishing.. 4 4 Curtiss Wright . 19 103 Curtiss Wright (A) 71 361 Cushman Sonspf__. 10s 43% Cutler-Hammer t1.. 1 T% Davega Stores 1300. 52 Deere & Co 27 Deere & Co pf 11.40 19% Deisel-Jem-G (11) 36% Delawqsd & Hudson 50% 19% 41 Marlin-Roek (12)__ 11% Marshall Field & Co g 6'/. Martin Parry ... % % Maytag Co 110% 108 Maytag 1st pf (I)_. 19 12% Mead Corp 55% Melville 6% Menge! 50 Mengel Co 40% Mesta Mach (fl“ )- 5% Miami Copper 174 Mid-Contl Pet a40c.. 48% 21% Mid Stl Prod (a2).-. 6% Minn Moline Pwr._. 2% MStPASSMIsin. 19% 2% 2 4 3 14 60 38 508 ot i 2 Berv 6s '46__ FOREIGN MARKETS. L. September 19 (7). —Whe, tutires FeAtied mote. than periny arly today foliowing weakness in Priday's Wm. nipeg market. A partia and opilons dosed % %o 4 ofa guiet and )Ieflnn! 1x 23 2 825, 1005 105 97% 073 07% 263 e 2 13 2RC2RRIRGER2RIBTE - 2EEERRIR5832 NEW YORK BANK STOCKS tlfln rket ORE, September 10 (m.—New ess Belng confine As eady, busins ing confined Hy irade calling. Futures closed T Wnll lower, London and Paris—Closed. - York lfl'.llfl" i e ARl SRES Lo FEREL U. S. TREASURY POSITION. 87 \ne Associated Press. The position of the Treasuty on Ses- tember 1:353.831.76; ex- | p!nfll!ul’el‘ $55. 710. balance. $2.- 263,592 Ouistoms eceipt for the | month. $18. 3 Recel Iml lor ‘the 1). !l‘,fin" 2as2 19 2% 109% 244 M 21% 0% 65% 18% 89% 31 26% 52 F ESINTESS &N SRS n Farug b 5 s L 1) e Er e CE PR Lo LEEr I BESFSRSRESE FRENEE T ST SroanEraenslaato LEF WS 385z S2-223zeaas - - 79 Monsanto Chem(t1) % 35% Montg’y Ward 80c_. 60% Ilcrmfl‘), 2 % Motber Lode.... ¥ D0 =~—-¢i»§-ua.—o§.un§-n=— J - BESRRSTFER PRFERE FF RORSST SeSE S99 o o B ggRee s o - by o 1 [ 1 3 3 82