Evening Star Newspaper, September 23, 1936, Page 18

FINANCIAL CALL FOR THRI Urges Individual Economic Responsibility in Talk to Underwriters. BY EDWARD C. STONE. Albert Atwood, economist, writer and resident of Washington, sounded a call back to thrift and individual economie responsibility, in an address before the Na- tionale Associa- tion of Life Underwriters, in Boston last night. He declared that the pendulum has swung altogether too far away from old-time thrift. After glancing back a few years to the time when every- body in this country seemed #o talk and think only of stocks and bonds, life insurance and thrift, he asserted: “Now all this went too far, the pendulum swung to an extreme and finally the whole thing became absurd, 4n what was known as the new era, when a very large number of men and women, perhaps several million, although I have always considered that the number was exaggerated, seemed to go crazy, and tried to lift themselves by their own mental boot- straps in the stock market. “Now whether life insurance itself was carried too far, whether too much life insurance was purchased, I am not competent to speak. But I do know that it has come through the ftiepression less scathed than anything else 1aundane which we can think of, end no man with a sane, balanced mind can deny the enormous ad- vantages to society and to the state in a system by which millions of in- dividuals voluntari nd by their own | efforts provide for their famalies and | for their own old age. “Such a system of individual economic responsibility must always be both sound and essential in any society which is not completely col- lectivized. Manifestly we have swung too far away from the whole idea of savings, of self protection and of care- ful investment. “Today we hear practically nothing of individual opportunities, of achieve- | iment, of the possibilities of thrift, of | the number of home owners and bond- holders and stockholders. On the con- trary all these things have been soft | peddled and belittled; we hear only of our economic defeat,” he said. | Albert Atwood Mr. Atwood concluded that while the ccuntry seems to have drifted | away from sound thrift and economic | moorings, it will work back painfully | tut surely, the growth in life insur- ance being one indication of this trend. He looks to individual effort to bring this about. Fleming Made “Indian Chief.” Word from San Francisco. states | that “Chief Black Hawk” is the new | title of Robert V. Fleming, who re- tires as president of the American | Bankers’ Association tomorrow, after | ® very strenuous year’s work. It seems that while on the way to the San Francisco convention he was in- ducted into the mysteries of lhe“ Spokane Indians and came out with 8 new title. Presenting the new title, which he first thought a joke, turned out to be a serious affair. The Spokane In- aians went through with one of their ancient ceremonies, after which the | head of the A. B. A. took part in one | ©f their special dances. The reward and the insignia of the new degree consist of a pair of gloves, which the ‘Washington banker highly cherishes. The presentation was most unexpccced and greatly enjoyed by all the bankers | present. How to find new fields for the money banks are anxious to invest was one | of the most interesting topics taken up yesterday at the A. B. A. convention. More loans in the automobile field and greater extension of personal credit were two ways especially stressed. The bankers also gave special attention to ® pension system for bank employes. Election of officers made today's gen- oral session of great interest to the slolegates. More Credit Advocated. Addressing the Morris Plan Bankers’ Convention at Hot Spring, Va., yester- day, Luther A. Harr, secretary of banking in Pennsylvania, urged ex- tention of eonsumer credit. Eighty- five per cent of the people cannot get eredit, he said. The credit system has enabled the business man or corpora- tion to borrow at 6 per cent or less, whereas an employe of a corporation pays a very much higher rate, with lJoans limited to $300. Another speaker, Claude L. Benner, B life insurance executive, urged that the national budget be balanced and elso discussed bank credit. The asso- eiation is electing officers today. Banks to Give Interest-Data. All banks in the Richmond Federal Reserve district have been asked to fill out a questionnaire showing the rate of interest the banks pay on sav- Ings and time deposits and the interest rates charged on various classes of loans. The survey is being conducted at the request of the Federal Reserve Board and covers all 12 reserve districts. The information is requested as of Oc- tober 1. The only similar data is now being obtained from certain selected eities and published in the Federal Reserve Bulletin. The new information, Reserve Board officials say, is for use in connection with the board’s duties relative to regulation of interest on deposits. Gas Hearing Dates Arranged. The Public Utilities Commission will hear the plea of the Washington Gas Co. for authority to buy the Hyattsviile and Alexandria Gas Cos. on Monday, BSeptember 28, and the Securities Ex- change Commission will conduct & fhearing on the same matter on Sep- $ember 30. The Washington Gas Co. proposes pay $1,375,000 for the two concerns, ‘hich are already under the Washing- ton management, but it is claimed gurther savings will result from the consolidation. The proposed purchase price covers all stock, bonds, notes and advances, together witn interest up to the time of the acquisition, the 6. E. C. statement says. It is further claimed that operation of all the gas units in the metropoli- tan area under a single head will be beneficial to consumers. ‘Today’s Trading on Exchange. ‘Trading on the Washington Stock Exchange today was led by Anacostia & Potomac R. R. 5s, three $1,000 transfers being made at 79. Railway & Electric preferred sold at 110% and 111 and 140 shares of Real Estate H;!‘!;-n & Guaranty preferred moved al . Puv High. 4% 13% 8\‘/’ 21% 55 641 THE EVENING STAR, WASHINGTO By Private Wire Direct to The Star. 1934 Low. 59 Acme Steel Co (13 9% Adams Exp (a20c). 17% Adams Millis(a75c) 22'4 Address'graph(1).. 1'% Advance Rumley... 58 Alr Reduction (#1). 2 Afir-Way Elec Appl{ 13 Alaska Jun (160¢).. 2% Alleg Corp (d).._. 12% Alleg pf w330w (d) 12% Alleg pf wS40w (d) 124 Alleg pf xw (d) 26% Alleg Steel (11).__. 23 Allled Mills (a50¢). 6% Allied Stores - 69 Allied Stores pf (5) 35% Allis-Chalmers t1%5 19% Alpha Port Cmt (1) 23, Amal Leather. 34 Amal Leather pf 12 75 Amerada Corp (2)_. 49 Am Ag Chm Del(3). 37 Am Bank Note (1) 40 Am Brake Shoe 1.60 Stock and 137% 115% Am Can (14) 51% 89 6015 136 13% 2% T4y 874 27%W 34 39% 284 334 911y 10812 1528, 7313 447 130 63% 142 26 1797 102! 104 70l 26% 111 50 110'g T 10613 20 195 26 105 97 16% 318 24% 62 2% 19% 128% 10\1 30 AmCar& Foundry. 57% Am Car & Fdry pf_. 31 AmChain. 114% Am Chain pt 316%. 74 Am Colortype 20% Am Comcl Alcohol 16% Am Crystal S(a50c) 89 Am CrysS 1st pf(6) 315 Am Encaustic__ 9% Am European S 63 Am & Foreign Pwr._ 25 Am & For Pw $6 pf. 29% Am & For Pw $7 pf. 12 Am & For Pw 24 pf_ 13 Am Hawalian (1) __ 5'% Am Hide & Leather. 32% Am Hide & L pf (3). 37 Am Home Pr (2.40) 2'4 Am Ice. 9% Am International. 23w Am Locomotive. 66 Am Locomotive p Am Mch&Fy (80c! Am Mch&Met a40 27 Am Metal = T'4 Am Power & Light. 36% Am Pwr&Lt pf (5).. 43 Am Pwr&Lt pf (6). 18% Am Radlator(alse) 23% Am Rolling M(1.20) 36 AmSafety Rn (2). 18 Am Seating_______ 25% Am Shipbldg (2)__. 56% Am Smelt&Ref (2). 104 Am Sm&Ref pt (6). 136's Am Sm&Ref pf (7). 57'a Am Snuff (13) _ 20% Am Steel Foundry.. 107% Am StIFy pf $2% __ 48% Am Sugar (2) ___. 129 Am Sugar pf (7). 20% Am Sumatra Tob t1 14912 Am Tel & Teleg (9). 7 Am Tobacco (5)- 19's Am Wat Wks a20c. 92% Am Wat W 1st (6)_. % Am Woolen ___ 5415 Am Woolen pf($3) 313 Am Zinc & Lead 28 Anaconda Cop (1).. 35 Anaconda Wire(2). 153 Anchor Cap (60c) .. 7 Anchor Cap pf(6%) Archer-Dan-M allg 105% Armour Del pf (7).. 4% Armour (Illinois) __ 47% Armstrong C (1% ). i3 Arnold Const (50¢). 12% Asso Dry Good: 98 As<o DG 2d pf_ 59 Atch To& S Fea2 21% Atlantic Coast Line 11 AtlGulf & W Ind 13'% Atl Gulf&W Ind pf. 26% Atlantic Ref (1)._. 26% Auburn Auto__. 5% Austin Nichols 4% Aviation Corp (Del) 213 Baldwin Loco (d) 29'3 Baldwin Loco pf(d) 2% Baldwin Loasd(d). 157 Baltimore & Ohio 21 Baltimore & Oh pf._. 417 Bang & Aroos (2%) 8214 Barker Bros pf. 1444 Barnsdall Of (80c 16% Bayuk Cigars (75¢) 18 Beatrice Cream (1) 100 Beatrice pf ww (5). 85 Beech-Nut P (13).. 13% Belding-Hem (1)_.. 21% Bendix Aviat'n (al) 20 Beneficial L (11%4). 48 Best&Co (12).... 45% Beth Steel ... 16'a Beth St1 5% pf(1)_. 10735 Bethlehe Stl p£(7)_. 32 Bigelow-San (1)_—_ 14} Blaw-Knox (40c)... 16% BoeingrAirplan 41 Bohn Alum&Br (3). 804 Bon Ami A (4)_____ 3y Bon Ami (B) (23%)- 25% Borden Co (1.60) __. 64 Borg-Warner (13)_. 6 Boston & Maine 1% Botany Min A (d) - 124 Bridgp't Brass t40¢ 434 Briggs Mfg (12) _. 471 Briggs & Strat (3)_ 40% Bklyn-Man Tr (3) . 97% Bklyn-Man T pf (6) 4%z Bklyn & Queen: 44% Bklyn Un Gas ( 45 Brown Shoe (3) 8% Brunswick-Balke. 8% Bucyrus-Erle__ 112 107% Bucyrus-Erie nf(’) 15% 58 AT 19% 67% 116 21 69% 86 69% 6% 12 2% 5% 4% 121 20% 9% Budd (EG) Mfg___ 7 Budd 2d pd._Oct 16.. 85 Budd (EG) Mfg pf. 8% Budd Wheel 20% Bullard Co (: 11} Bulova Watch._.__. 25 Burr Ad Moh(t60c). 2% Bush Terminal (d). 14% Bush Term B pf cod 2% Butte Copper&Zine. 16% Byers (A M) .. 54% 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___. 10% Canadian Pacific_.. 37 Cannon Mills (a2).. 12% Cap Adm (A) ab0c_. 63 Carriers & Gen 20c.. 9214 Case (J 1) Co. 54% Caterpillar Trac(2) 21% Celanese Corp aé0c. 19 Celotex Corp._._. 25% Cent Aguire (t13%). 36 Central RROfNJ.. 6% Century Rib Mills_. Cerro de Pasco (4).. 8% Certain-teed Prod _ 57'% Certain-teed 6% pf. 80% Certain-teed 7% pf. 19 Champ Pap & F (1). 221 Checker Cab Mfg._. 59 Chesapeake Corp(3) 51 Ches & Ohio (2.80)_ 27% Chi & East 11l pf(d) 4 ChiGrtWopf(d)._. 1% Chi Mil St P&P (d)_ 2% Chi M St P&P pf (d) 2% Chi & N W (d) 6% Chi & N W pt (d). 12% Chi Pneumatic Tool 40% Chi Pneu Tool pf.__. 1% Chi R 1&Pag (d) - 3% Chi RI&P 6% pf td) 3% Chi R I&P 1% pf(d) 19% Chi Yellow Cab (2). 17% Chickash Cot Oil__. 7 Childs Co —— 85% Chrysler 1"*).._ 15% City Ice & Fuel (2). 72% City Ice&F pt (6%) 4% City Store 28!& Clark Equ! Bales— Dividend Rate. ~ Add 00. High. 2 a1 oRmannSanamanan ® iy & —RNANT AN D Clev Graph Br (l) L s Cluett Peabody (1). Cluett Peab D! M- Cuca-Cola (3).—-co. Colgate-P-P (50c) . Colgate-P-P pf (6)- 8% 39% Collins & Alk t3.. 136% 81% 8% Colonial Beacon...... 3% Colo Fuel & Ir (d)-. 284 Col Fuel & Ir (new) 23% Colo F & 1 pf (d) 19% Colo & South 1st pf 14 Columb G&E (a20c) 901 Col G & E pfA (6)_. 80% Col G& Epf (6)-.. 31 Colum Pict vte (t1) 94 Colum Carb vte(t4) 44 Comcl Credit (14) . 82% 55 Comecl Invst Tr (4). 123 110% Comecl 1 T ev pf (6) 122 97 Comel In T pf (43%) 14% Comel Solv (60¢) ... 2% Comw & Southern. 59% Comw & Sou pf (3). 7 Conde Nast Pub ... 16 Congress « 724 ConC prpf ww 63%. , 10: 61% 13% 25% Low. Close. Chge. 61% 61 + % 13% 13% 25 25 4+ % 31% 314 — % 2% 2% -% 78 + | 108% 101 3% 1% +1% 124% 50% 89 57 67 4 125 126% 126 121% 14% 108% 8 21% 5% 32% 26% 31 20% 107 101 88% 11 11 =% 27% 27% - ‘\ 28% 28% — 100 100 + 4 4 1% 13% 6% 6% 307 314 371s 374 16 164 19% 5% 35% 4T 21 117 34y 91 224 10% 39 M % - % +1% — + % 1 Iites FESFLEFETE FFEST F LELePsl+4+) 251y 464 111% 1114 19 19 105% 105% 2214 224 - 100 100 94 94 144 4% 297 297 224 2215 59% 597 69% 693, 18‘. 1875 FEEE 5 AL SE SENES SE 388 T8k sexe¥ ++4+1 100 rAlle s | FEFEF FrEST [N F¥& FEE + 1674 157 +1% 8% T8l +1 26% 26% — ¥ 30 30 42% 9 544 10% 63 + 119 120 +4 20 45 +1 83y — 67% — 5l + 10% — 174 + 3% — 3% 10% 18%. + 59 — 83 FEFFEFE 61% 61% + % 126 126 + % 121% 121% — % 4% 14% + % 1035% 103% — % 57 - % 2% - % 5% — 1 31% + % 38% 384 + % 126% lnh + % 9% - % 80t 50% + % 120% 122 +2 120% 120% — % 16 16% 3l — % 1 -% 8% — % U+ % 19% — % Prev. 1936 Net |&igh. Low. k() ‘l!‘ 20% T 16% 11% % 4% 20% 26% 153 401 345 611 803 4313 25% 13 8% 1678 1331 9% 185 166 374 13 4as 114 1% T 17% &5 554 5l o 125 58 llfi's 183 164 36% 80 119 4% 116 231 3% b44 44% 33 124 57% 5% 19% 3% 29% 13% 36 127 117 13% % 18% 5% 15% 56% 90% 5% 8 62% 131 % 4 3% 51% 44 112 29% 24% Isi 129 u7 431% 121 l!‘/a 26% 96 28% 24% 25% 49% a2% b Stock and 65% Consol Cigar pf (7). 27% Consol Edison (2)-. 15% Cons Film pf (31) 3% Consol Laundries__ 11% Consol Ol (160¢)... Consol Oil pf (5)--. 6% ConsolR R Cuba pf. % Consol Textile (d).. 2 Cons Coal (Del)vte. 12% Cons C (Del) pf vto. 15% Container Corp (1). 10% Contl Baking (A).. 1% Contl Baking (B) .. 67% Contl Baking pf (8). 6715 Contl Can (3) ____. 17% Centl Dia Fibre(2)- 351 Contl Insur (11.20). 214 Contl Motors. 2814 Cont Oil of Del(t1). 27 Contl Steel (2) __. 55% Corn Ex BK&Tr (3). 63% Corn Prod Ret (3).. 4 CotyIne. .ooooee. 35 Cream of Wh (2).. 15% Crosley Rad (a50¢). 43% Crown C&S (2).__. 46% Crwn C&S pf ww 2% 7% Crown Zelleb'k vic_. 28 Crucible Steel...... 10% Cuba RRpf. .. 6'4 Cuban-Am Sugar_.. 6313 Cuban Am Sug pf... 35% Cudahy Pkg (2%)-. 167 Curtis Publishing. 52 Deere & Co . 27 Deere & Co pf 1140 194 Deisel-Wem-G (1) 36% Delaware & Hudson 147 Del Lack & West___ 4% Den&Rio GW pf (d) 128 Detroit Edison (t4) 33 Diamond Mtch 113% 18% Dist Corp Seag Ltd. 41's Dome Mines (12) __. 50% Douxlass Alrcraft.. 29 Dresser A (b1%).. 13 Dresser Mfg B._. % Duluth 88 Atl. 4% Dunhill Interna 133 Du Pont de N 13. 129 Du Pontdeb (6) 513 Eastern Roll Mill 156 Eastman Kod (15) . 152 Eastman Kod pf(§). 28's Eaton Mfg (2) 5% Eitington-Schil 30% Elec Auto Lite (a2) 110% Elec Auto L pf (7)- 10 Electric Boat. 5'4 Elec&Mus In(b24c) 6% Elec Pw& Lt ____ 32% Elec Pw & Lt §7 pf. 42% Elec Stor Bat (12)_. 1% Elk Horn Cpf (d) .. 5313 Endicott-John (3) 110 Endicott-J pf (5) 5% Equit Office B a20c. 11 ErmeRR 16 ErleRR 11% Erfe R R 2d vf 12 Eureka Vae C (80c) 2314 Evans Products (1) 4% Exchange Buffet __ 34% Fairb’ks-Morse(t1) 122!y Fairbanks-M pf(6). 31% Fajardo Sugar (2).. 18% Federal Lt & Trac... 7% Federal Mot Tr 40c.. 2!y Fed Water Sve (A) 2015 Fed’d Dept St +1.40 38 Fid Phoe F 1 (11.20) 247 Firest T&R (a%0c)_ 100'4 Firestone pf A (6) . 40 First Nat Strs (2%) 374 Follansbee Bros (d) 24's Fost Wheeler new .. 301 Fourth Nat Lal.45. 63 Frank Sim pf (37) 23'4 Freeport-Texas (1) 31'3 Fuller Co 2d of 33, Gabriel Co (A)—aev 11'; Gamewell Co_ 813 Gen Am Investors 97 Gen Am Inv pf (6)_. 42'4 Gen Am Trans 1% _. 10% Gen Baking (t60c)-. 712 Gen Bronze .m——oo. 5% Gen Cabl 17 Gen Cable A--coeec 70% Gen Cablepf_ ... 3414 Gen Electric (1) ... 33% Gen Foods (1.80) .. 7a Gen Gas & Eleo (A 14 Gen G&E 6%cv dfA 19 Gen Gas&E1 7% pf_ 88 Gen Mills (3) 5374 Gen Motors (12) 5% Gen Outdoors Adv_. 18% Gen Outdoor Adv A. 38 GenPrint Ink a2l 3% Gen Pub Service. 3215 Gen Ry Signal (1) _. 106 Gen Ry Sig pf (6) __ 2 Gen Realty & Util_. 26'9 Gen Real&U pf ww. 33% Gen Refrac al1%). 3215 Gen Stl Casting pf 17 Gen Theatre Equip- 30% Gen Time Inv (1) _ 13% Gillette Saf Ras (1) 70 Gillette SR pf (5)- 6% Gimbel Br 69 Gimbel Bros vt(ll) 39% Glidden Co (2) 6% Goebel Brew (t20¢) 12% Gold Dust vte (60¢) 13% Goodrich (BF) .. _ 74 G dr!ch(BF)Dl n(s) 21% Goodyear T & 87 Goodyear 37 pf (4) 814 Gotham Silk Hose_. 77 Goth Silk H pf (7). 2 Graham-Pal 1% Granby (2d stpd. 34 Grand Union ctfs. 16 Grand Un pf $87%e. 24% Granite City 8tl (1) 2815 Grant (W T) (1.40) 32% Grt Northernpf____ 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) 22 Green (H L)Co(t1) 48% Greyhound C'p 3.20. 1% G tanamo Sugar 24 Guantanamo Sug pf 9% Gulf Mobile & N___. 30% Gulf Mobile & N pf. 6 Hall(WF)Printing. 14 Hamilton Wateh _. 30% Harbison Walk(2).. 12 Hat Corp of Am (A) 4% Hayes Body 102 Hazel Atlas Gl (15) 150% Helme (G H) pf (7) 25'% Hercules Motor (1). 59% Hershey Choc (3) 102 Hershey C pf (14) 304 Holland Furna 108 Holland Furn pi 9 Hollander (t50e)... 19% Holly Sugar (2) 414 Homestake (112).. 397 Houd-Hersh(A)2%. 22% Houd-Her (B) t1%. 6% Houston Of] vte._ 48% Howe Sound (13)._. 3% Hudson & Manhat. 13% Hudson Motor Car. 1 Hupp Motors. ... 18% [llinots Central. 4% Indian Refinin 25% Indus Rayon ( 125 Ingersoll-R'd pf(6). 88% Inlaud Steel (3). __. 6% Inspiration Copper. 5% Ins Sh Md ctfal9c.. 11% Interboro R T (d).. 2% Intercontl Rubber.. 9% [nterlake Iron. . ... 351 Int Cement (2)_——e 56% Int Harvester 2% .. 2% int Hydro Elec (A). 4% Int Mercantile - 43% Intl Nickel (1.40)._. 125% Int Nick(Tan)pf(7) 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C) 20% Int Paper (s Pw pf.. 37 Int Print Ink (1.30) 107 Int Print Ink p£(6). 3% Int Ry Cent Amer.. 19% Int Rwy Cent A pf.. 23 IntSalt (1%)ccaca. 15 IntSilver.__. 50 Int Silver pf. 12 Int Tel & Tel 10% Interstate D S a50c. 82 Int Dept Stra pf(17) 15 Intertype Corp (1)- nd Creek (2) . 88 Johns-Manville 2. 75% Jones&Laugh 1% vf 39% Kalamazoo Stove 1. 116% KC P&L 1st pf B(6) 13 Kans City Southern 19% Kans City South pf. 17 Kaufman Dep 8 (1) K th-A-O pf $5% . sey-Hayes (A).. u chuy-nuu B).. l‘( K.Ifl-tll' (150¢) .. ennecott C (1.20)_ 108 88 1 ! 102 13 40s 8 Bowanwn - BT m 5!% lfls 49% — % 38% — % 200: 7108 670s 2 22 5108 109 6 10s 3 6 12 121% 120 5108 3 30s 10 T 29 l‘h ml.'( ). Dividend Rate. A“ 00. High. 70% 43 4% n ll% 70% 42% 4 1% u % 1 '& 105% 106% 1064 ~- 3 M Va 3% 20% 11016 110 110 “% 25% 18% 634 11% 25% 25% 101% 101% 19% 19% 28 2Th 28 120 116% 114% 116 42 41% 42 118 18 ll! 22% 44% i - 20% + 20% — 18% + 1+100+ 410 D. C., WEDNESDAY, SEPTEMBER 923, 1936 ) 8% 28% P 28" 26% 16% 30 119% 4 16% 108% 3% 45 26% 151 (33 30 93 35 42 8591 & wx& seesefree » 2’('« 13 l Y 109 98 12% 764 Ty 61 26% 9 I+4+1 44141 327 4 T 28% 103 o I & FrEFE | Lil++4+ + FE F& ¥ Frrrsiys v ¥ + +1 597 108 164 59ty v 48 8 17% 2% L ) 36% 57 174 54 250 14 32% 20% 105 164 122% 49% 18 130 + % -% + % 5 98 Stock and Dividend Rate, moo.l:m. Low. Close. Chge. | High, 30 Kinney (G R) pf-_. 4% Kresge Dept Stri 201 Kreage (8 8) (11) - 35% Kress(SH)&Co new 19% Kroger G&B (1.60). 15% Lambert Co (3) 12 Lee Rub&Tire(50c). 15% Leh Port Cmt 94% Lehigh Por C pf (4) 2 Lehigh Valley Coal. 9% Lehigh Val Coal pt. 815 Lehigh Valley R R_ 89 Lehman Corp (13).. 12 Lehn & Fink (1%). 3714 Lerner Stores (2)__ 47% Libby-Ow Gl(a2%) 25 Life Saver (1.60) _. 97 Ligg & Myers (14)_ 97% Ligg&Myers B (14). 25% Lima Locomotive_.. 36 Link Belt ¢+1.20) __ 321 Liquid Carb(1.60)_. 43 Loew'sIno (12) ... 104% Loew's Inc pf (63%) 2 Loft Inc 40 Loose-Wiles (2)___. 21% Lorillard (P)(1.20). 142 Loriliard (P) pf(7) 13 La Oil Ref pf (d)__. 20 Louisv GEEpfA 1% 57% Lou & Nash (a4%). 22% Ludlum Steel (1).. 35 MacAnd & For (2).. 29 McQall Corp (2) .. 12% McCrory Stores.._. 39% Mcintyre Porcu (2) 8% McKesson & Rob . 37% McKess&Rob pf(3). 1114 McLellan Stores.._. 27% Mack Truck (1).... 40% Macy (R H) Co (2). 8% Madison Sq G t60c... 34'% Magma Copper (2). 13 Manati Sugar (d) .. 7% Manati Sug pf (d) .. 14% Man El md gtd (d). 2Y% Maracaibo Oil Exp.. 8'5 Marine M1d1d (40c). 2'% Market St Ry 2d pf. 18% Market St Ry.pr pf. 11'4 Marshall Field & Co 613 Martin Parry 27% Mathieson Alk 1% _. 1537 Mathieson pf A (7). A‘Wa May Dept Strs (2).. 55 Melville Shoe (4) .. 40% M. uMuh (a3%). 5% Miami Copper__ - 17% Mid-Contl Pet a40c.. 21% Mid St1 Prod (a2) . 110 Mid St st pf (8) __ 88 Milw El R&L pf (6) 65 Minn-Hon Ros 11%. 614 Minn Moline Pwr 57% Minn Moline Pwr pt % Minn&StL (d). 24 MStPASSMIsln_ 16% Mission Corp 512 Mo Kans & Tex: 14% Mo Kans & Tex pf_. 213 Missouri Pacific(d) 37a Mo Pacific pf (d) __ 19% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg'y Ward 80c... % Mother Lode 28% Motor Prod (2) 15'x Motor Wheel (1) 11% Mullins Mfg (B) __ Mullins Mfg pf (7). Murphy G C (1.60) Murray Corp Myers (F E) 2 Nash Motors (1) __ 125 Natl Acme (a25¢)_- 913 Nat Aviation _ ___. 3015 Nat Biscuit (1.60)_. 153 Nat Biscuit pf (7) .. '; at Cash Reg (50(:1 at Dairy P (1.20) at Dairy P pf A(7) at Dept Stores .. Distillers (2)_ at Lead (150¢) .. 137% Nat Lead pf B (6) . 9% Nat Pwr & Lt (60c) 13 Nat Ry Mex 2d pf__ 574 Nat Steel (1%) T Nat Tea (60c). 10% Natomas (180¢) 41 Newberry (JJ) 2.40 104% Newb'ry (J J)pL(5)- 9 Newport Industries 3214 N Y Afrbrake aS0c.. 2% NYCentral RR .. 17% N Y Chicago & St L. 361y NYChi &St L pf_. 4 NYOntario & West 215 N Y Rys pf stpd(d). 933 N Y Shipbuilding .- 83 N Y Steam pf (6) .. 210 Norfolk & W (18) _ 63 North Am Aviation 231 North Am Co (1) 52% North Am Co pf (3) North Am Ed pf(6) 237% Northern Pacific __ 50 Northwest Tel (3) 1214 Ohto O11 (50€) . 24'4 Oliver Farm Equip. 17 Omnibus Corp vte .. 8 Oppenheim Collins_ 24% Otis Elevator (60c) 1235 Otis Steer___ 70 Otis Steel pr pf.. 128 Owens-Ill Glas 13 Pac Am Fisher (1) 314 Pacific Coast .. 8% Pacific Coast 1st___ 4% Pacific Coast 2d___. 30% PacificG& B (134). 475 Pacific Ltg (2.40) . 143 Pacific Mill 140 Pacific T&T 67 Packard Mot(a26e). 13, Panhandle Pro& R. 18% Panhandle P&R pf. 7% Paramount Piet__.. 59 Paramount 1stpf_. 814 Paramount P 2d pf. 2% Park Utah _______. 40% Parke Davis (a1%). 23 Parker Rust P13._. 4% Parmelee Transp't_. 6% Pathe Fiilm Corp.... 69 Penney(JC) (a2%). 28% Penn Dixie Cpf A__ 28 Penn Railroad (al). 30 Peoples Drug (t1)_. 110 Peoples Drpf (6%) 38 Peoples Gas Chi._. 16 Pet Milk (1) 12% Pet C'p of Am a50c. 1014 Pfeiffer Brew (1.20) 25% Phelps Dodge a75c- 3% Phila Rap Tr (d)._. 8% Phila Rap Tr pf (d) 1% Phila & Read C& I 66 Phillip Morris (3)-.. 7% Phillips Jone: 3814 Phillips Petrol (1) 4 Phillips P rts Oct 5. 512 Phoenix Hosiery __ 70 Phoenix Hpf (3%)- 8 PlerceOllpf ... 1% Plerce Petroleum._.. 30 Pillsbury Fl (1.60)- 49 PittsSteelpf____ . 14 Pitts Term Coal pf. 3 Pitts United Corp... §8% Pitts United C pf... 21 Pitts&W Va____.. 11% Plymouth Ofl (1) 12 Poor &Co (B)...... 117% Proc & Gam pf (5) .. 39 PubSveNJ (3.40). 103% Pub 8ve N J pf (5). 113% Pub Sve N J pf (6). 36% Pullman Ine (1%)_. 16 PureOfl. _.__ 91% Pure Oil 6% pf. 9% Purity Bakeries 40 17 “Quaker Sta Ref 80c.. Corp pf 5 mdlo-Kclth-Or (d) 11 RRSecIllCent._.. 35% Reading (2).._._.. 70 Real Silk Hos pf_.. 12% Reliable Stores ... 17% Rem Rand (160c) ... 21 R'm-R6%prpfliy 99% 85 Rem-Rand pf (6)... 4% Reo Motor Car..... 16% Republic Steel .. 17 Republic Steel pf_... 30 Revers Goppes (477 o = 90 RevereC&B u_,. 4 10s 39% 8% 27T% 4 20% 39% 81 27 45% 20% 24 40% 22% 145 35 28 93 FEF 5 :l’i :+lll|l§| | FE FEEEXETEE ¥ ¥ 2 | F OFEFr ¥y +4 14+ o FEE I1++ 14 14++1 4+ Prev, 1936 Low. 34 22% Reynolds Met (1) 34 25 Reynolds Sprg (1)- 58% 50 Reynolds Tob B (3) 4T4% 32 Roan Ant Copa7ée. 35% 27 Safeway Stores (2) nm 110% Safeway Strs pf (1) 22 8t Josepr Ld (80c). 1% St L-San Fran (d).. 2% St L-San Fr pf (). 11 Savage Arms 37% Schenley Distill (3) 97% Schenley D pf (535) 1% Schulte R Strs (d) .. 53 Scott Paper (2) % Seaboard Afr L (d). 2 Seaboard A L pf(d) 30% Seaboard Oil (1) 59% Sears Roebuck (2)_. 2% Second Natl Invest 61% Sec Nat Inv pf $2.90 15% Servel. Inc (60c) . 20% Sharon Steel Hoop .. 89 Sharon Stl H pf (5). 4% Sharpe & Dohme.___ 43% Sharp & D pf (3%). 114 Shattuck F G (50c). 30% Sheaffer Pen (2) 14% Shell Union Oil 8%, Silver King (60c) _ 19% Simmons Co (a50¢). 31 Simms Petrol...._. 19% Skelly O} ___ 132 112 Skelly Oil pf(27 %). 55 Sloss-Sheffield Stl _ 65% Sloss-Sheft nt(nyg, 40% Smith (A O). 21 Snider Packing 12“ Socony-Vac O (50¢) 3% So Am G & P(a20c). 26 South Port 8 (12)__ 25 South Cal Ed (1%). 23'3 Southern Pacific. ... 12% Southern Rallway.. 19 Southern Ry pf____. 6% Spalding (A G) 63% Spalding (AG)1st pt 5% Sparks- Withington. 674 Spear & Co.__ 29% Spencer Kell (1.60). 15% Sperry C'p vto (al). 13% Spicer Mfg____ 44 Spicer Mfg pf (3)_ 63 Spiegel-May-8 (3)_ 21% Square D(B)a62};¢ 14% Stand Brands (80c) 120% Stand Brands pf(7) 5 Stand Gas & El (d) . 914 Stand G&E 84 pt (d) 24% Stand G&E $6 pf(d) s 26% Stand G&E $7 pf (d) 35 Stand O of Cal (11). 32% Stand Oflof Ind t1_ 511 Stand Oll of N J (11 24% Starrett(L S)11.40_ 65 Sterling Prod (3.80) 2%, Sterling Secur (A). 814 Sterling Secur pf__ 1615 Stewart Warn(50¢) 14% Stone & Webster. 9% Studebaker Corp... 27 Superheater (50c).. 3 Superior Ofl. 9% Surerior Steel 23 Sutherind Pap 11.60 6% Sweets Co of Am 20% Swift &Co (1) ___ 281 Swift Intl Ltd (2)_ 1'4 Symington (d) 57» Symington A (d) 3% 33 Texas Gulf Sul (2). 28 Texas& PacRR . 715 Tex Pac C & O alse 9% Tex Pac Land Trust 337 Thatcher (1). 8% The Fair___ 812 Thermotd Co 31 Third Avenue 23% Third Nat Inval.15 24% Thomp'n Prod aélc. 4°x Thompson Starrett 14% Tide W As80 O 60c_ 100% Tide Wat A O pf(6) 51 Tide Water Oilally 12'a Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 147 Trans & Westn Air. 10% Transue &W (t60c) .. 7ia Tri-Cont Corp a2sc. 93 Tri-Contl C pf (6)__ 473 Truax-Tra Coal 2214 20th Cent Fox Film 313, 20th Cent F pf 1% 81, TwinCity R T 65% Twin City R T pf. 27 Ulen & Co 74% Und-Ell-Fisher (3) 38'3 Union Bag&Pap (2) 11% Union Carb&C 2.80_ 20% Union O1l of Cal (1) llQh 108!3 Union Pacific (6) PEEELI L EEFFEERER FREFXPESSVFIS SulummRavuana 114 1+ ++ - S Swommma 2 S & 90'a Union Pacific pf (4) 20% United Afrcraft __. United Air Line vtc i United Bisc (1.60) Unit-Carr Fast (2). United Carbon (3)-. United Corp United Corp pf (3)_ United Drug (a50c) United Elec Coal Unit Eng & F (2) . United Fruit (3) United Gas Imp (1) Un'ted Paperb'd(d) U S Distributing U 8 Distributing pf U S & For'n Secur . U S & For 8 1st (6) U S Freight (1) 80% U S Gypsum (2).... 874 U S Hoffman 49 U S Hoffman pf 2%. 31% U S Indus Alcohol _. 51 US Leather vtc ... 10% U S Leather A vtc_ . 71 U S Leath pr pf vtc. 21% US Plpe & Fy(13). 7% U S Realty & Imp. 16% U S Rubber__. 47 U S Rubber 1st p! 72% U S Sm & Ref (a8 661 US Sm&R pf (3% 734 46% U S Steel - 140% 115'5 U S Steel pf ) 168 160% U S Tobacco pf (7) 7% 5 United Stores (A) 841 57% Univ Leaf Tob (13) 165 153 Univ Leaf T pf (8). 115 50 Univ Pictlstpf. __. 7 3% Util Pwr & Lt (A)_. 2% 1 Vadsco Sales Corp.. 27% 16% Vanadium Corp - 45 28% Van Raslte (al§)- 48% 40 Vick Chem (12). 8% 4'4 Va-Car Chemical .. 48% 28% Va-Car Chem 6% pf 114%3 109 Va El-& Pwr pf (6) 86 70 Vulcan Detin (a4).. 10% 5 WabashpfA (d)._. T% 4% WabashpfB (d) .. 18 94 Waldorf Sys 11.20_. 34% 30 Walgreen Co (2)___ 118 115 Walgreen pf (6%).. 26% Walker (H) (2) 519 Walworth Co 10% Ward Baking 24 Ward Baking B 4T d Baking pf tl_ 9% Warner Bros Pict - 44 Warner Bros pic pf. 12 Warner-Quin (d) 4% Warren Bros.___ 15% Warren Bros cv pf_. 21 Warren Fary&P(1). 19'3 Waukesha Mot (1). 614 Webster Eisenlohr. 33% Wesson O&S(160c). 4 Pa Elec A (7) Pa Pwr pf (6) 6 % 46% 30s 118 117 17 45% 44% 1106 106 1 118% 118% 38 62% 61% 17% 95 17 17 95 18% 17 68 24% 24 24 - % 10 115 114% 114% + % l lB‘i 18% 18% — % 481 48% -llfi l.l u'm 127% 127% - L3 8% Western Maryland.. 15 Western Md 2d pf__ 514 Western Pacific pf_. 7215 West'n Union (a2)_ 34% West'’gh'se A B (1)_ 9415 Westingh'se El (4). 22% Weston El | (a25¢). 19% Westvaco Ch t40c . 32% Westvaco 5%Df 1%. 21% Wheeling Steel . _. 84 Wheeling Stl pf 32 3% White Sewing Mch. 16 White Sew Mch pf_. 6% Wilson & Co (50c) .. 70 Wilson & Co pf (6). 44% Woolworth (3.40) 23% Worthington Pump 56 Worth Pump pf A.. 47 Worth Pumppf B 62% Wright Aero . __. 63 Wrigley W ir (13).. 333 Yale & Towne (80c) 83 Yellow Truck __.. 83% Yellow Truck pf .. 42% Young Spr&W (13). 41% Youngs'tn Sheet&T 11% Zenith Radio .. 5% Zonite Products. % 27% 4 32 24 564 1 4% 30% 2% 31% 557 4% 30% Dividepd Rate. Adl og High. Low. Close. 0hu 2% + 32 + 56% + 4T + 304 + 60! 110% 110\/. 110% + 30% 2% 5% 13% 50% 99% 1% oo FY A EmbRE namn Sl el e nah S mwen P - 3 82 16215 1625 1094 109 e 4 1% 1% 24% 244 4l 45 45 4% 4 32 324 11315 1128, 70 70 8% T 16% 3% 33%, 116 41% 8 % 30w 25% 7 24‘1 67 40 391 104 104 1154 115% 10% 10% 21 21% 6% 6% 894% 87% 45% 44% IE 143 140% 2 21% 27 7 25% 25 10 35 34 1 33 33 2 ll)l‘i 104% ! 21% 14% 4 22% 8l 8% 53% 29% 6% 4 70 674 280s 131% 129 2 664 664 2 42% 424 65 20% 19% “40s 1421 142% 3 504 50 30 80% 79% 81 40% 39% 30 T TN 21 45 30% + e e 2 B e S 1 s SFrs22255F wav ¢ ¥ LI+t +0+001010 SR filfl.l_ & FEFEPEELSEIE FEPFE + 1 L4044 ¥FE +t44010 (BEREE SN E & & TS 14001 EFEFEEFS Fs EFEEF F EFrErSV kD 1 W % FErrEyr ¥ FEFrrisee 1 | feed, 72a85 nominal; Ammmusmhnunu Y. lu&lx;luue. 380,000 940.000 12 2:00 .M. “'Total Sales tor th. day. 1480,000 Dividena rates as given 0 ° Tt osyments un! o n»muuunrur or Iw-lfl‘gw:lm o STOCKS END DAY WITH MIXED TONE Specialties Hold Attention, With Rise of Fractions to Two or More. Stock Averages 18 . Ot 514 518 510 371 534 30 80 us. Net clunze.bd—l uily — e’ Today close. 90.8 408 Prev. day... 90.9 411 38.2 Month ago.. 87.7 259 415 302 312 1936 1OW..... 73.4 1935 high_.. 76.3 1935 low.... 49.5 1932 10W-... 17.5 1929 high___146.9 1539 1843 157.7 1927 10W.... 51.6 953 618 613 (Compliled by the Associat.d Press.) BY VICTOR EUBANK, Associatea Press Pinancial Writer, NEW YORK, September 23 —Spe- cialties held the buying play in today’s stock market, a number pushing up {fractions to 2 or more points to new six-year tops. On the other hand, an assortment of recent leaders were unable to make the grade and prices were uneven at the close. Transfers approximated | 1,450,000 shares. Domestic economic optimism con- tinued to buoy board room sentiment | Foreign fiscal and political clouds, however, acted as a restraining mar- ket influence. The list got off to a fast start, but frequent profit-taking periods tended to slow the trading pace. Realizing was more pronounced in tne final hour. ‘The huge refunding plan announced | by American Telephone failed to shake this major communications stock out of a restricted range it has followed for the past several weeks. The financial sector. though, had been aware some such program was | under consideration. Better share performers imcluded Chrysler, N. 1. Case, International Harvester, Deere, United States Smelt- ing, International Silver, Westing- house, United States Rubber, Zenith Radio, Electric Auto-Lite, Crown Cork, Union Carbide and Libby-Owens. A bit ahead most of the time were Western Union, Consolidated Edison, General Motors, Hudson, Nash, Purity Bakeries, Continental Baking, National | Distillers, Montgomery Ward, Gimbel, Crown Zellerbach, Santa Fe and New FEFFEE PV Yark Central. Backward were United States Steel, Bethlehem, Sears-Roebuck, Douglas Aircraft, United Aircraft, Boeing. North American, American Water Works, International Nickel, Amer- ican Smelting, Standard Oil of New Jersey, Southern Pacific, Chesapeake & Ohio, Northern Pacific and Penn- sylvania. CHICAGO GRAIN By the Associated Press. CHICAGO, September 23.—Profit- | taking on_price advances eased the | Chicago wheat market late today, and overnight gains were more than wiped out. | Winnipeg estimated export pur- | chases of Canadian wheat today would | total 1,000,000 bushels. Italy entered the market as a buyer of United States lhcmc Coast white wheat, taking a full cargo despite Western marine strike difficulties. | Wheat closed unsteady, at the same | as yesterday’s finish to !2 cent lower; September, 1.16%g; December, 1.15%a %, corn, ‘. off to "y up: September, 1.10a1.10'2: December, 94',a33; oats unchsnged to 1; down, and provisions varying from 15 cents setback to a rise of 22 cents. s WHEAT— Open Chicago Cash Market. Cash wheat, No. 2 mixed, 1.21; corn | Illinois proportional, No. 1 yellow | 1.12%¢al3; No. 2 yellow, 1.10%3a11; No. 3 yellow, 1.091;a11; No. 4 yellow, 1.09", a10; No. 5 yellow, 1.08!2: No. 1 white 1.21a22%; No. 2 white, 1.21a22; sam- ple grade, 1.07a07% ; Lake billing, No 1 yellow, 1.10%3; No. 2 yellow, 1.10a : No. 3 yellow. 1.09'2a%: No. 4 ¥ 1.08%; No. 5 yellow, 1.08', | No. 1 white, 1.21%; oats, Illinois pro- | portional, No. 1 mixed, 47; No. 3 mixed, 44% : No. 1 white, 47a4715: No 2 white, 45‘2 No. 3 white, 4432451, rye, No. 1, 97; barley, actual sale, 1.49 malting, 1.20a49 | nominal; timothy seed, 5.7526.00 cwt.; new crop, 5.50a75 cwt; clover seed. 14.00a21.00 cwt. Liverpool Wheat Prices. mmmhumz’mnr 23 ). —Wheat h Close. elose 1315 1300, 13112 130 11s% w 214 ?‘ 1.15% chhnnn EX I . l-m-ou Quotatio o!ALTm September Ted Winter garToe September. 11555 PO —Wheat domestic Winnipes Prices. NIREG. September 23 (P.—Grain Low. Clo: 1% 17005 T98s, T hencs 1.08% 1.081% 1104 17108 g 46% .46 AUGUST LEAD OUTPUT SHOWS SHARP DECLINE By the Associated Press. NEW YORK, September 23 —Amer- ican Bureau of Metal Statistics reported today August lead produc- tion in the United States totaled 33,542 tons, compared with 39,576 in July and 34,856 in August, 1935, Stocks on hand at the end of Au- gust amounted to 218,233 tons against 231,081 the month before and 227,583 on August 31, last year, while do- mestic shipments for the month to- taled 46,388 tons against 38,996 and 38,195, respectively. 325 TONS OF LEAD SOLD. NEW YORK, September 23 (#)— The St. Joseph Lead Co. reports that LSy 325 tons of pig lead from Southeast Miasouri sold