Evening Star Newspaper, September 29, 1936, Page 22

A—22 sxn FINANCIAL. C.,” TUESDAY, SEPTEMBER 29, 1936. FINANCIAL, INSURANCE GROUP [ TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE[SCKS NOVE P RECEIVES AWARD =2 ' IN QUIET TRADING THE EVENING STAR, WASHINGTOX, D. 2:15 p.m. Bales— Add 00. High. 1 10% 20s 2:15 p.m. Stock and les— Dividend Rat 8 Consol Cigar.. Prev. 1036 Net | Prev. 1936 Stock and Low. Close. Chge. | High. Low. Dividend Rate. 10% 60% 37Y4% Lerner Stores (12)_ 724 Con C pr of ww 6%. 82% 11% 7 Libby McNejll & Li_ 27% Consol Edison (2) 42% 71 47% Libby-Ow Gl(a2%). 4% Consol Film __. 4 1?-.’: lgét‘: ggm {::to i.):" “i:o( )'.‘_). —- lgg% “2':'/- + %| 58% 50 Reynolds Tob B () B5% 55% Rg&Myers % 103% 103% 35% 27 lewa! 7 23% 19 Lily Tulip Cup(13%) 19% 19% — % e P Tow 136 Net Prev 1936 Stock and l.lcb— . High. Low. Close. Chge. | High. Low. Dividend Rate. Add 00. High. Low. Close. Chll. 60% 60 60% 130 90 RevereC&Bpf.... 70s 130 129 130 +4 8% 8% 8% 34 221% Reynolds Met (1)__ 2 26% 26% g: 6814 68% 34 25 Reynolds Sprg (1)- 31 30% % 2:15 p.m. Prev, 1926 Stock and Bales— Cup for Membership Drive Presented—Fall Meeting Low. Dividend Rate. Add 00. Draws Big Crowd. 9% Adams Exp (a20¢7. 4 17% Adams Millis(a76¢) 1 2214 Address'graph(1)- 22 1% Advance Rumley... 58 Alr Reduction (1) x BY EDWARD C. STONE. An attendance of 240 at the first Fall meeting of the District Life Un- derwriters’ Association smashed all former September records, according to President Lau- rance H. Riggles. Ten new mem- bers were present | for the first time | and 27 visitors | came from Bal- timore to swell the number at yesterday's luncheon at the © Willard. The occasion was made notable by the reception of a large silver ‘ ;i cup, which was awarded by the 5w national association at the Boston convention to the Washington asso- ciation as the winner of the best membership drive among the associa- tions in this territory. It was also stated that Winthrop G. Batchelder, who was chairman of the membership campaign here last year, had been made vice chairman of the national association’s Membership Committee for the coming year. President Riggles announced that the Baltimore-Washington insurance sales congress will be held in the Capi- tal this year in January, Dwight T. Scott having been appointed chair- man of the general committee on speakers and arrangements. Mrs. L. Cecelia Johnston, who be- came a member of the “quarter million dollar round table” during the past year, was introduced, as was Leopold V. Freudberg, another member of the local association who qualified for the “million dollar round table” sessions at the Boston convention. The guest speaker, Grant Taggart of Wyoming, proved a great drawing card. Having written a total of $14,- 000,000 in insurance policies in 22 years, his remarks carried great weight with his hearers. He considers the service agents render to their communities as of greater value than the money they make in writing the policies. C. & P. Announces Promotions. The Chesapeake & Potomac Tele- phone Co. today announced two im- portant appointments in its official personnel. F. G. Macarow, formerly general traffic manager of the W ashington company, has been made gen- eral personnel manager of the four Chesapeake & Potomac Tele- phone companies, operating in the District of Co- lumbia, Mary- land, Virginia and West Vir- ginia, to have charge of all per- sonnel matters. Mr. Macarow, a graduate of Lehigh University, entered the Bell System with the American Telephone & Telegraph Co. as an engineer in 1920. He became traffic super- visor of the Chesapeake & Poto- mac Telephone Co. at Baltimore in 1928 and later in the same year was made traffic superintendent. He was appointed general traffic man- eger in Washington in 1929. S. F. Merriam, formerly general traffic manager of the Virginia com- pany, succeeds Mr. Macarow as gen- eral traffic manager of the Washing- ton company. He began his telephone career with the Southwestern Bell Telephone Co. at St. Louis in 1913, and in 1925 became an engineer in the operating and engineering depart- ment of the American Telephone & Telegraph Co. at New York City. He came to the Chesapeake & Potomac Telephone Co. at Baltimore in 1929 as division traffic superintendent and was made general traffic manager of the Virginia company in 1931, Bank Raises Dividend Rate. President T. Howard Duckett of the Prince Georges Bank & Trust Co. at Hyattsville, Md, announced today that the directors have in- creased the dividend to 2'2 per cent gemi-annually and placed it on a 5 per cent yearly basis. This bank has recently been paying 3 per cent & year. The stock is listed on the ‘Washington Exchange. Average daily sales of chain drug stores in August, 1936, were, 1.5 per cent higher than in August, 1935, ac- cording to the Bureau of Foreign and Domestic Commerce. The greatest gain was shown by fountain sales, which were 10.2 per cent higher, fol- lowed by “all other” sales, which reg- istered no change from last year, while tobacco sales decreased 4.5 per eent. Carloadings on the Baltimore & Ohio Railroad for the week ended Beptember 26 totaled 53.243, consisting of 35,260 cars loaded on line and 17,- 983 received from connections. This was the best week of the current year and the best week also since the week ended April 25, 1931, when the total was 53,426, Indications are that retail trade in the fifth Federal Reserve district, in- cluding Washington, in September, will show a gain of about 10 per cent sbove September, 1935. According to reports from the Richmond Reserve Bank hotel, restaurant and theater businesses are running well ahead of last year, three good indicators of widespread improvement. Today’s Trading on Exchange. Mergenthaler Linotype stock was especially strong on the Washington Btock xxchl.nge today, 45 shares sell- ing at 473;. This was the best price in quite a long time. Capital Transit sold at 14%, a gain of a full point over the last previous transaction. Two shares of Riggs National Bank eommon came out at 290, up 5 full points, In the bond division two $500 trans- fers in Washington Gas 5s took place at 1241, unchanged, while $1,000 sale in Capital Traction 5s was recorded 8t 90%, up %. Bankers here were much interested in the statement by Prof. O. M. W. Sprague of Harvard and formerly financial adviser to the Treasury, that Uncle Sam “will get most of the gravy,” if there is any, out of the French franc devaluation. The French move tends to bring the currencies of the major powers more into equilibrium and is a favorable omen for world prosperity and international trade. “I do not anticipate any unfavorable re- percussions,” Prof. Sprague said. F. G. Macarow. 2 Air-Way Elec Appli 13 Alaska Jun (160c).. 214 Alleg Corp (d) . 12% Alleg pf w$30w (d). 12% Alleg pf wS40w (d). 1214 Alleg pf xW (d) o 27 Alleg pr of (d) % 267 Alleg Steel (11) 245 157 Allied Chem (6) 23 Allied Mills (ab0c). 6% Allled Stores 69 Allied Stores pf (5) 35% Allis-Chalm (132) T9% Alpha Port Cmt (1) 2% Amal Leather 34 Amal Leather pf 32 75 Amerada Corp (2) . 49 Am Ag Chm Del(3). 37 Am Bank Note (1) 65 Am Bnk Note pf (3) 40 Am Brake Shoe 1.60 Am Brake S pf 5% » KA monooBes~ P PN 30 Am Car & Foundry.. 57% Am Car & Fdry pf_. 31 Am Chain 136 114% Am Chain pf H.G‘, - 13% 7% Am Colortype 32% 2014 Am Comel Alcohol 32 16% Am Crystal S(a50c) 5 33 Am Encaustic__ 9% 613 Am & Foreign Pwr. 37% 25 Am & For Pw $6 pf. 29% Am & For Pw $7 pf. 12 Am & For Pw 2d pf. 13 Am Hawailan (1)__. 5'% Am Hide & Leather. 37 Am Home Pr (2.40). 16'5 Am Ice pf (2) - 9% Am International. 23 Am Locomotive 66 Am Locomotive pf_. 21 Am Mch&Fy (80c 10 Am Mch&Met a40c. 27 Am Metal o 7' Am Power & LIE t 36% Am Pwr&Lt pf (5). 43 Am Pwr&Lt pf (6). 18% Am Radiator(alsc) 23% Am Rolling M1.20) 36 Am Safety Rn (2). 18 Am Seating____ 25% Am Shipbldg (2) . 56% Am Smelt&Ref (2). 573 Am Snuff (13) __ 20'3 Am Steel Foundry.. 130 107% Am Stl Fy pf 323 36 24% Am Stores ( 63% 484 Am Sugar (2) 145 129 Am Sugar pf ( 26% 20% Am Sumatra Tob t1 17975 149'3 Am Tel & Teleg (9). 2}y 87 Am Tobacco (5).-. 8813 Am Tobacco B (5).. 875 Am Type Founders.. 19's Am Wat Wks a20c... 92% Am Wat W 1st (6).. 7% Am Woolen . 52% Am Woolen % Am Writ Paper (d) 4!s Am Writ Pap pt (d) 3% Am Zinc & Lead. ... 28 Anaconda Cop (1) 35 Anaconda Wire(2). 15's Anchor Cap (60¢) .. 97 Anchor Cap pf(6%) 3 AP W Paper exrts % 105% Armour Del pf (7). 4% Armour (lllinois) .. 661 Arm'r(111)pr pf (6). 471 Armstrong C (1%)- 7'y Arnold Const (50¢. &' Artloom Corp .- 12% Asso Dry Goods. 36 Assoc Oil (a25c). 59 Atch To& S Fea2_. 90% Atch To&S Fe pf(5) 21% Atlantic Coast Line 11 AUGuif& W Ind _ 45% 133 Atl Gulf&W Ind pf_ 35« 26% Atlantic Ref (1)___ 115 109 Atlantic Ref pf (4)_ 126% 112 Atlas Powder pf (6) 30 14 Atlas Tack (a50c)-. 54% 26% Auburn Auto.._ 4% Aviation Corp (Del) 213 Baldwin Loco () - 2% Baldwin Lo asd(d). 33% Baldw L pf asd(d)-. 157 Baltimore & Ohio 21 Baltimore & Oh pf_. 417 Bang & Aroos (2%) 110!; Bang & Aroos pf(7) 13% Barker Brother: 821, Barker Bros pf.___. 14's Barnsdall Ofl (80c) 16% Bayuk Cigars (75¢) 18 Beatrice Cream (1) 85 Beech-Nut P (13) 83 Belg NR pt pf(3.24) 21% Bendix Aviat'n (al) 20 Beneficial L (11%)- 45% Beth Steel.____ 16's Beth St1 5% Df(l)._ 32 Bigelow-San (1)_.. 144 Blaw-Knox (40¢c) 77% Blumenthal pf. 167 BoeingrAirplane. 41 Bohn Alum&Br (3 807 Bon Ami A (4)_ 3y Bon Ami (B) (2 25% Borden Co (1.60) . _. 64 Borg-Warner (13). 125 Bridgp't Brass t40c 43% Briggs Mfg (12) __ 474 Briggs & Strat (3) .. 3 41 Bristol Myers (12)_ 40% Bklyn-Man Tr (4) . 97% Bklyn-Man T pt (6) 4l Bklyn & Queens___. 44' Bklyn Un Gas (3) - 45 Brown Shoe (3) ... 814 Brunswick-Balk 8% Bucyrus-Erie_ 9% Budd (E G) Mfg. % Budd 2d pd..Oct 16.. 85 Budd (EG) Mfg pf. 8% Budd Wheel _ . 20% Bullard Co (a50c)-.. 11% Bulova Watch ____ 25 Burr Ad Mch(160¢c). 2% Butte Copper&Zine. 162 Bye A M)__ 5413 Byers (A M) pf._ 22 Byron Jackson t1 30% California Pxg(1%) % Callahan Zinc 6 Calumet&Hec a50c. 30 Campbell Wy (t1).. 10% Canada Dry G A_.... 107 Canadian Pacific .. 37 Cannon Mills (a2).. 91 Car Clin&O sta (5)- 6% Carriers & Gen 20c. 9213 Case (J 1) Co. 116 Case (J I) Co p 54% Caterpillar Trac(2) 21% Celanese Corp a50c. 19 Celotex Coro 54 Celotex Corp pf($3) 25% Cent Aguire (T1%). 47% Cerro de Pasco (4)_ 84 Certain-teed Prod - 57% Certain-teed 6% pf. 801 Certain-teed 7% pf. 19 Champ Pap & F (1). 22% Checker Cab Mfg__. 51 Ches & Ohio (2.80) . 27 Chi & East 111 pf(d) 1% Chi Grt West (d)--. 4 ChiGrt W pf (d).. 25% Chi Mail Ord(t1%). 115 Chi Mil St P&P (d). 2% Chi M St P&P pf (d) 21, Chi&ENW (Q)._ .. 40% Chi Pneu Tool pf-_. 1% Chi R 1&Pac (d) .. 3% Chi RI&P 6% pf td) 3% Chi R I&P 7% pf(d) 19% Chi Yellow Cab (2). 17% Chickash Cot Oil... cBeBanarmaorSennmnneSes EErS A e NOT BN R B > © o S w » Son - - R L T R AT S ST e-JUPNERE- PRS- PP ~ T 83 » BrealoBwennd 15% City Ice & Fuel (2). T2% City Ice&F pf (6%) 4% City Stores. 23% Clark Equip (1,20) 33 Clev Graph Br (2)_. 48 Cluett Peabody (1)- 84 la ( 112% 107% Collins & Aik pf 28% 8% Colonial Beacon. .. 3% Colo Fuel & Ir (). 237% Colo F & 1 pf (d) __ 28Y% Col Fuel & Ir (new) 19% Colo & South 1st pf 14 Columb G&E (a20c) 80% Col G & E pf (5).__. 31 Colum Plct vte (11) 42% Colum Piccvpf 2% 94 Colum Carb vte(t4) 44 Comcl Credit (t4)_. 118 100% Comcl Credit pf 43§ 55 Comel Invst Tr (4)_ 122% 97 Comel In T pf (4%) 24% 14% Comecl Solv (60¢) .. 5% 2% Comw & Southern_. 82 59% Comw & Sou pf (3). 124 7 Conde Nast Pub. 44% 30% Congoleum-N(1.60). 25% 16 Congress Cgr (b2)—. 36% 33 ++ 1 1++1 44|||I|+ Fl+1+0 44000 +4+ + oAt 1 40 21% 55% 18% 89% 31 26% 52 23 581 401, 345 21 6113 808y 45% 254 8% 115% 167% 133 97 l% 116 123 72% 10% 13% 36 130% 17 13% 5% 15% 5% 41 56% 901, 515 62% % 4 3% 51% 44 112 107 113 Consol Oil (+60c)_—. 51 CensolR 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) .. 674 Contl Baking pf (8). 67% Contl Can (3) _____. 17 Contl Dia Fibre(2)_ 3514 Contl [nsur (+1.20). 214 Contl Motors 2814 Cont Oil of Del(t1). 27 Contl Steel (2) . __ 55'% Corn Ex BK&TT (3). 63% Corn Prod Ref (3) 4 CotyInc. = 35 Cream of Wh (2)_ 15% Crosley Rad (a50c). 43 Crown C& S (2)___. 7% Crown Zelleb'’k vtc.. 28 Crucible Steel..... 9 CubaRRpf______1 613 Cuban-Am Sugar... 6315 Cuban Am Sug pf... 35% Cudahy Pkg (2%)-. 167 Curtis Publishing_. 9915 Curtis Pub pf (7)_. 4 Curtiss Wright____ 104 Curtiss Wright (A) 59 Cushmans pf (3%). 36'% Cushman Sons pf__. 434 Cutler-Hammer t1_ 7% Davega Stores 1300. 52 Deere &Co._ 27 Deere & Co pf $1.40. 195 Deisel-Wem-G (t1) 36% Delaware & Hudson 147, Del Lack & West._ 42 Devoe&Rey (A) (2 3213 Diamond Mtch t1%. 1814 Dist Corp Seag Ltd. 19% Dixie Vortex (113). 41'2 Dome Mines (12) 50% Douglass Afrcraft 29 Dresser A (bl%)._. 13 Dresser Mfg B_ 47, Dunhill Internatl 114 Duplan Silk pf (8) 133 Du Pont de N 13.60_ 129 Du Pont deb (6) 515 Eastern Roll Mills_. 156 Eastman Kod (15)_. 2815 Eaton Mfg (2). 5% Eitington-Schild - 30% Elec Auto Lite (a2) 10 Electric Boat _ ___ 5! Elec&Mus In(b24c) 6% Elec Pw & Lt_ 2913 Elec Pw & Lt $6 pf. 32% Elec Pw & Lt $7 pf_ 42% Elec Stor Bat (12)_ 134 Elk Horn C pf (d) 110 Endicott-J pf (5)_ 451 Eng P S $5 pf (110). 54 Equit Office Ba20c.. 12 Eureka Vac C (80c) 23% Evans Products (1) 815 Fairbanks Copf . 34% Fairb'ks-Morse(t1) 31% Fajardo Sugar (2).. 18% Federal Lt & Trac 7% Federal Mot Tr 40c. 213 Fed Water Sve (A) 38 Fid Phoe F 1 (11.20) 247; Firest T&R (a0c) - First Nat Strs (2%) Flintkote Co (1)___ Follansbee Bros (d) 32 Food Machine (1) 2414 Fost Wheeler new 30'y Fourth Nat Ial.45_ 63 Frank Stm pf (37) .. 2314 Freeport-Texas (1) 47% Fuller Co pr pf._. 311 Fuller Co 2d of.. 11'; Gamewell Co. 813 Gen Am Investors 42 Gen Am Trans 1% _. 21 Gen Asphalt (b25¢) 10% Gen Baking (160c)_. 7'z Gen Bronze._. 5% Gen Cable._. 17 Gen Cable A 70': Gen Cable pf. 5215 Gen Cigar (t4)_ 341; Gen Electric (1) 33% Gen Foods (1.80) “s Gen Gas & Elec (A) 88 Gen Mills (3)_ 111 Gen Mills pf (6) 537 Gen Motors (12) 5% Gen Outdoors Adv._. 18% Gen Outdoor Adv A. 3% Gen Pub Service_... 32'% Gen Ry Signal (1) 2 Gen Realty & Util__ 261% Gen Real&U pf ww. 331 Gen Refrac (allz). 3215 Gen Stl Casting pf_ 17 Gen Theatre Equip 13% Gilllette Saf Raz (1) 50 Gillette SR pf (5)-. 6% Gimbel Bros . _. 39% Glidden Co (2) 37 Gobel (Adolf) 67 Goebel Brew (t20c) 12% Gold Dust vte (60¢) 13% Goodrich (B F) 74 G'drich(BF)pf n(5) 21% Goodvear T & R___. 87 Goodyear $7 pf (4)_ 77 Goth Silk H pf (7).. 2 Graham-Paige ._.. 1% Granby (2d stpd) .. 314 Grand Union ctfs 16 Grand Un pf $87%e¢. 2413 Granite City Stl (1) 2815 Grant (W T) (1.40). 321 Grt Northern pf___ 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) 22 Green (HL)Co(t1). 8% Greyhound C'p 3.20. 1% Guantanamo Sugar. 28% Gulf States Steel___ 30 Hackensack W(13;) 6 Hall(WF)Printing. 14 Hamilton Watch __ 3014 Harbison Walk(2)._. 12 Hat Corp of Am (A) 4% Hayes Body .. 251 Hercules Mo 84 Hercules Pow (5) 587% Hershey Choc (3) 30 Holland Furnac 9 Hollander (t50€)... 19% Holly Sugar (2)__. 397% Houd-Hersh(A)2%. 22Y% Houd-Her (B) t1%. 54% House Fin A (13)__ x 65Y% House Finpf t3%_.x 6% Houston Ofl vte._ 48% Howe Sound (13)_. 81 Hudson & Man pf. .. 13% Hudson Motor Car.. 1 Hupp Motors. -, 18% [1linois Central..... 414 Indian Refining. 25% Indus Rayon (1.68). 125 Ingersoll-R'd pf(6) 885 Inland Steel (3) __. 6% Inspiration Copper.. 215 Intercontl Rubber_. 9% Interlake Iron 2% Int Agricultural 22% Int Agricul pr p: 3514 Int Cement (2) 56% Int Harvester 2% .. 2% Int Hydro Elec (A). 43% Intl Nickel (1.40)__. 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 154 Int Paper & Pw (C) 201 Int Paper & Pw pf_. 37 Int Print Ink (1.80) Int Print Ink pf(6). 3% Int Ry Cent Amer__ 3 Int Ry Cent Am vto 19% Int Rwy Cent A pf. Int Silver pf..... 10% Interstate D Sa50c. 15 Intertype Corp (1) 29% 24% Island Creek (2)--— 110% 88 Johns-Manville t2_. 75% Jones&Laugh 7% vt 89% Kalamazoo S (1) __ 13 KansCity Southern lQK Kans City South pf. Kelsey-Hayes (A) . 1! Kelsey-Hayes (B) .. 14% Kelvinator (150¢) .. 28% Kennecott C (1.20) .. 17% Keystone S&W (2). 3% Kinney (G R) Co... 30 Kinney (GR) pf_. 4% Kresge Dept Stri 20% Kresge (S 8) (11) 101 Kresge (S S)D!fl)_ 15% Leh Port Cmt a250_. 94% Lehigh Por C pf (4) Valley Coal. 19% ++E+10 1IN Pl++ 44144 FEEE EEEEES S s U U o 2 reFreses FHLIH ]+ % 39% 257 Lima Locomotive. .. 50% 36 Link Belt (11.20)__. 44% 3214 Liquid Carb(1.60) . 62% 43 Loew’'s Inc (12)____ 8% 3% Long Bell Lum (A). 261 21% Lorillard (P)(1.20). 151 142 Lorillard (P) pf(7) 51% 13 La Ofl Ref pf (d)._. 30 20 Louisv GEEpfA 1% 96% 57'% Lou & Nash (a4%). 35 22% Ludlum Steel (1) 29 McCall Corp (2)amm. 12Y% MecCrory Stores.... 16 McGraw Hill Pub__ 39% Mclntyre Porcu (2) 85 McKeesp't T P (14). 8% McKesson & Rob _. 37% McKess&Rob pf(3). 113 McLellan Strs a20c. 27% Mack Truck (1)..-. 40% y (R H) Co (2). 8% Madison Sq G t60c._. 341 Magma Copper (2).x 7% Manati Sug pf (d) 7 Mandel Bros____ 14% Man El md gtd (d)- 1712 Manhat Shirt (60c). 2% Maracaibo Oil Exp_. 815 Marine M1idld (40c). 30% 18% Market St Ry pr pf- 50% 41 Marlin-Rock (12) __ 19% 114 Marshall Field & Co 375 271 Mathieson Alk 1% . 59 % 43% May Dept Strs (2)-. 21% 131 Maytag Co - 55 46 Maytag pf ww (3)_. 12% Mead Corp - . 97' Mead Corp pf 34% 55' Melville Shoe (4)-. 19 1094 821y 10% 8215 121 24% 17% Mid-Contl Pe! 48% 21% Mid Stl Prod (a2)-. 131%3 110 Mid Stl 1st pt (8)__ 109 88 Milw El R&L pf (6) 98 65 Minn-Hon Ros 113%. 110 106% Minn-Hon R pf (6)- 12% 6’ Minn Moline Pwr 76% 574 Minn Moline Pwr pt % Minn& St L (d) __. 1% M St P&S S Marie. 213 M St P&S S M pt 2% M St P&SS M ls 16% Mission Corp.. 512 Mo Kans & Tex: 14’3 Mo Kans & Tex p! 213 Missourt Pacific(d). 19 Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg’y Ward 80c_. # Mother Lode __... 28% Motor Prod (12) -—.. 15'4 Motor Wheel (1) 11% Mullins Mfg (B)._- Mullins Mfg pf ( Munsingwear a2% - Murray Corp . Myers (F E) (12) Nash Motors (1) __ 2013 Nashv Chat & St Li_ 1215 Natl Acme (a25¢)-- 915 Nat Aviation 3013 Nat Biscuit (1. 2113 Nat Cash Reg (suc) z 13 4 21 NatDairy P (1.20). 29 4 10814 Nat Dairy P pf A(7) 20s 10 Nat Dept Stores. ... % 25% Nat Distillers (2) . 26% Nat Lead (150c) 137% Nat Lead pf B (6) 9% Nat Pwr & Lt (60¢) 57 Nat Steel (13%)___ 19% Nat Supply Co-_. 74w Nat Supply Co pf._. T's Nat Tea (60c) - 10% Natomas (180¢c 41 Newberry (JJ) 2. 9 Newport Industries 13 N Y Afrbral oOc_.. 27% N Y Central R R-__ 17% N Y Chicago & St L. 36! NYChi&StLpf.. 16 3w N Y Dock - 120s 10% N Y Dock pf. 1008 1 N Y Investors (d) 3 3 NYNH&H(@.__. 8 THNYNH&Hpt (d)-. 3 4 NYOntario & West 1 215 N Y Rys pf (d) 2 913 N Y Shipbuildi 12 57 N Y Shipbldg pf(7). 40s 83 NY Steam pf (6)__. 208 14 Norfolk Southn (d). 1 210 Norfolk & W (18) 6% North Am Aviation. 23t North Am Co (1)__. 52% North Am Co pf (3) 237 Northern Pacific... 12% Ohto O1l (50¢) 244 Oliver Farm Eqi 17 Omnibus Corp vte 8 Oppenheim Collins. 241 Otis Elevator (60c) 1213 Otis Steei___. 70 Otis Steel pr D: 47 Outlet Co (12) 128 Owens-I1l Glass ) 16 13 Pac Am Fisher (1) 2 1; Pacific Coast _ 6508 81 Pacific Coast 1st___ 500s 41, Pacific Coast 2d___. 920s 30% PacificG & E ag)x 4 s Pacific Ltg (2.40) . 8 141 Pacific Mills___ 5 67 Packard Mot(a25¢). 61 1% Panhandle Pro & R. 1 18'3 Panhandle P&R pf- 53: 7 84 Paramount P 2d pf_ 2% Park Utah._ 40% Parke Davis (a1%). 23 Parker Rust P13 _. 414 Parmelee Transp’ 6% Pathe Film COrp..— 10'% Patino Mines - 1'y Peerless Motor. 69 Penney(JC) (a2%). 4'4 Penn Dixie Cement. 28% Penn Dixie Cpf A 17 Penna Glass ctf. 281 Penn Railroad (al). 38 Peoples GasChi__.. 25'% Pere Marquett 56 Pere Marquett 12% Pet C'pof Amajs0c. 10'x Pfeiffer Brew (1.20) 25% Phelps Dodge aT5c. 813 Phila Rap Tr pf (d) 1% Phila & Read C&1_ 66 Phillip Morris (3) ... 68 Phillips Jns pf (7)_ 384 Phillips Petrol (11) + Phillips P rts Oct 5. 8 Plerce Oil pf_ 1% Plerce Petroleum.. 30 Pilisbury F1 (1.60)- T4 Pitts Coal .. Tl Pitts Screw al2lsc. 49 Pitts Steel pt 3 Pitts United Corp. 5814 Pitts United C pf._. 21 Pitts& W Va____.. 11% Plymouth Oil (1).. 12 Poor & Co (B)__. 4's Porto R Am Tob A. 1% Porto R Am Tob B_. 124 6% Postal Tel&C pf (d) 5% 2% Pressed Stl Car (d) 40% 18 Pressed St C pf (d) 49 40% Proctor & Gam t113 49% 39 PubSve NJ (2.40). 113 103'% Pub Sve N J pf (5). 130 113'x Pub Sve N J pf (6)- 623 367 Pullman Ine (1%)-. 24% 16 Pure Ofl 19 9% Purity Bakerles 400 17% 16% Quaker Sta Ref 80c x 14% 9% Radio Corp 80 6813 Radio Corp pf A 8% 9% 5 Radio-Kelth-Or (d) 19% 11 RR Sec Ill Cent___. 38% 287 Raybestos-M (1%). o Semoam— ey 50 35% Reading (2) 20% 124 Reliable Stores 17% Rem Rand (160¢).. 21 R'm-R6% prpf1% 83 Rem-Rand pf (6).-_. 4% Reo Motor Car..... 16% Republic S 77 Republic Si 8% Rep Stl prpf A (6)- 10 ere Copper..... 24% ere Copper (A)- WIRE MAKERS BOOST FOURTH QUARTER PRICES By the Associated Press. CLEVELAND, Ohio, September 29. —Dally Metal Trade today says: Wire makers have advanced prices on wire nails and other merchant wire products $3 a ton for fourth quarter. At the same time they have increased prices on wire rods $2 a ton for the period. "'h.‘ advances wipe out reoent ) lll'/g 110% Safeway Strs pf (7) 364 308 48 48 3% 40 4 . 6% 58% 16% 4% 52 224% 4% 145 2014 36% 1% 28% 415 94 B4% 28% 89% 33 8114 2T% 32 8% 17% 24 14 40% FEEF FFE FF 123 21% 147 91 124 40'5 6% 18% ARSI sexs¥s sefss ¥ I 4++41+ * Eq R :+I R _l_ll*+l||| £EOFF FEIE '+'++|I+ll 100% 19% 51 51 118 22 St Josepr Lda (80¢c). 1% St L-San Fran (d).. 2% St L-San Fr pf (d).. 11 Savage Arms . 37% Schenley Distil. ( 1% Schulte R Strs (d) . T5% Schulte R 8 pf (d) .. % Seaboard Alr L (d). 2 Seaboard A L pf(d). 30% Seaboard Ofl (1) 59% Sears Roebuck (2) 611 Sec Nat Inv pf $2.90 15% Servel. Inc (60¢) ... 20% Sharon Steel Hoop-. 4% Sharpe & Dohme___ 11% Shattuck F G ( 14% Shell Union Ol . __. 24'% 110% Shell Un Oil pf 5% . 8% Silver King (60c) 19% Simmons Co (a50¢). 3! Simms Petrol 19% Skelly O 55 Sloss-Sheffield Stl.. 40% Smith (A O)._. - Snider Packing._.__. 12% Socony-Vac O (50c) 3% So Am G & P(a20c). 26 South Port S (12)__. 25 South Cal Ed (1%). 2314 Southern Pacific. _.. 12% Southern Rallway.. 19 Southern Ry pf__._. % Sparks-Withington. s’- Spear &Co.______ 15% Sperry C'p vts (al). 13% Spicer Mfg 21% Square D(B)a62 %c 14% Stand Brands (80c). 915 Stand Com Tobacco. 5' Stand Gas & El (d). 9'; Stand G&E $4 pf (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 pf (d) 35 Stand O of Cal (11). 32% Stand Ol of Ind t1_ 51 Stand Oflof N J (f1 24% Starrett(L S)11.40. 65 Sterling Prod (3.80) 2% Sterling Secur (A)- 81a Sterling Secur pf__. 1613 Stew-Warner t50c . 14% Stone & Webster___ 9% Studebaker Corp—.. 72 Sun Ofl (11). - Sun Ofl pf (6) - 27 Superheater (80c) 3 Supertor Ofl._. 9% Superior Steel_ 23 Sutherind Pap 11.60 6% Sweets Coof Am 20% Swift & Co (1) 28Y% Swift Intl Ltd (2) 5% Symington A (d) 5% Tennessee Corp - 287 Texas Corp’n (11).. 33 Texas Gulf Sul (2). 28 Texas&PacRR __ 7% Tex Pac C & O a25c. 9% Tex Pac Land Trust 337 Thatcher (1) - 813 Thermotd Co. 23% Third Nat Inval.l§ 24% Thomp'n Prod aé0c. 47» Thompson Starrett. 26 Thompson Star pf_. 14% Tide W Asso O 60c. 12 Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 147 Trans & Westn Air. 10% Transue &W (160¢c). 7ia Tri-Cont Corp a2ic 109% Tri-Contl pf(6)cald 47» Truax-Tra Coal Truscon Steel. 2215 20th Cent Fox 31% 20th Cent F pf 135 8% TwinCity RT_____ 65% TwinCity R T of__. 74% Und-Ell-Fisher (3) 381 Union Bag&Pap (2) 71% Union Carb&C 2.80_ 20% Union Ofl of Cal (1) 90's Union Pacific pf (4) 22% Union Tank C 1.20.. 20% United Afrcraft____ 13 United Air Line vte 16’3 United Am Bosch ... 24'% United Bise (1.60)_. 68 United Carbon (3) 5% United Corp.____ 40% United Corp pf e 10% United Drug (as0c) 15 Utd vyewood (al3; 324 UnitEng & F (2) 664 United Fruit (3).__ % United Gas Imp (1) U S Distributing pf U S & For'n Secur.. U S Freight (1) ... S Gypsum (2).__. S Hoffman . S Indus Alcohol.. S Leather vtc._ S Leather A vtc__ SPipe & Fy(1%) x S Realty & Imp.. s acacaagaaq S Rubber 1st pf _ ¢ U S Smelting (a10) s U S Steel ~—ne U S Steel pf (4)_ United Stores (A) _. Unit Stores pf (33). Univ Leaf T pf (8)_ Utll Pwr & Lt (A) .. Vadsco Sales Corp. Vadsco Sales Co pf. Vanadium Corp.._. Van Razlte (al%). Va-Car Chem 6 % a El-& Pwr pf (6). 70 Vulcan Detin (a4) 2Y% Wabash (d) ... 5 Wabash pf A (d) 4'3s Wabash pf B (d) 9% Waldorf Sys 11.20 30 Walgreen Co (2)-.. 261y Walker (H) (2)eeee 5'3 Walworth Co. 107s Ward Baking A.. 2 Ward Baking B.___ 47% Ward Baking pf $3. 9% Warner Bros Pict_. 3: Warner-Quin (d)... 4% Warren Bros. 157 Warren Broscv pf_. 21 Warren Fary&P(1). 1913 Waukesha Mot (1) 61s Webster Eisenlohr. 33% Wesson O&S(150c). 78 Wesson O&S pt (4). 87 West Pa Elec pf (6) 96 West Pa Elec pt (7) 116 111% West Pa Pwr pf (6) 5'% Western Pacific pf.. 723 West'n Union (a2) - 27 123 West'g'se 1st pf 315 20s 22% Weston El I (a25¢c) . 32% Westvaco 5%pf 1% 21%; Wheeling Steel ... _. 84 Wheeling Stl pf $2_ 18% White Motor 13% White Rk M S(l 40) 3% Whi ewing Mch. 16 White Sew Mch pf.. 6% Wilson & Co (50c).. 70 Wilson & Co pf (6). 44% Woolworth (2.40) . 23% Worthington Pump 56 Worth Pump pf A_. 47 Worth Pump pf B 623% Wright Aero 63 Wrigley W ir (13)_. 8% Yellow Truck. ..... 831 Yellow Truck pf___ 42% Young Spr&W (13). 41% Youngs'tn Sheet&T 11% Zenith Radio. ... 5% Zonite Product. - | 110% 28% FEF F OFEIEE 4 % bl T Li+t+i440 1) - % * | October. Amusement, Equipment, Sugar and Specialty Equi- ties Moderately Higher. Stock Averages tndus malis. O o2 Net change. +.1Unc. +.1 +.1 Today, noon 90.6 404 513 682 Prev. da; 90.5 404 512 68.1 Month ago. 89.5 40.2 522 6738 Year ago... 67.1 24.7 36.5 4838 1936 high... 920 415 534 69.6 1936 low.... 734 302 434 55.7 1935 high... 76.3 312 44.7 56.1 1935 low.... 495 185 21.6 348 1932 loW.... 175 8.7 239 169 1929 high...146.9 153.9 184.3 157.7 1927 1oW.... 51.6 953 618 618 (Compiled by the Assoctated Press.) BY VICTOR EUBANK, 5 Associated Press Financial Writer. | NEW YORK, September 29.—De= mand for amusements, equipments, sugars and specialties today kept the stock market pointed moderately higher. The European currency situation, with its possible repercussions on see curities, was being watched closely, but with more satisfaction than alarm. Domestic industrial progress, at the same time, was seen as the principal price stimulant. The trading pace was slow during the greater part of the session and light profit taking was in evidence throughout. Gains of fractions to a point or so predominated near the final hour. NEW YORK COTTON ¢ By the Associated Press. NEW YORK, September 29.—Cote ton was higher today on a continuae tion of yesterday's buy.ng movement, but found additional encouragement |in reports of a very active demand for cotton goecds in Worth street. All active months made new high ground for the movement with De« cember selling up to 12.10 and May to 12.05 or 10 to 13 points net higher. A little more hedging was encoun- * tered at these figures and the market showed reactions of 4 or 5 points m late trading. Futures closed s | October Bleachable cottonseed oil futures 3 closed steady. October, 10.03b; De- cember, 10.21b; January, 10.22b; March, 10.28b; May, 10.32b. Sales, 75 contracts. b—Bid. New Orlenns Prices, i NEW ORLEANS. Sentember 20 (P — Buying interests were ihe dominaiing factors in early cotton market dealings today. and small gains were marked up for_active futures. October opened at 12.07. December at 11.99. January at 11.97 and March st 11.95. A point or so more was added 1o these gains during the first half with both domestic and . foreieh & buying. Livernool cables aided the price trend on domestic exchanges when the English market wired that rains in the West of the American_cot belt had been given s bullish interpretation there. A Teport that 0 000000 Sards of print cloths had been sold in’ Worth street yes- terday cheered speculative sentiment Cottonseed oil futures opened steads October §.70b: December. §.76b: January 9.77b. ‘ffl"m 9.86b; May. 9.80b, Liverpool Quotations. LY QOL. Septem! . —Cotton 10000 Bales incruging. 5,600 American Spot in limited demand: prices 2 points lower. ~ Quotations i siriet low middling.” 6.73: o | 6:33: strict _good ordinary. 6.13. | ordinary, 5% Futures closed _steady December. £.60. January, May, 8.54: July, ‘iPERSONAL FINANCE CONCLAVE OPENS Executive Committee and Board Meet Prior to Annual As- sociation Sessions. By the Ascoctated Press. HOT SPRINGS. Va., September 29‘ 5 | —Meetings of the Executive Commit~ tee and Board of Directors served as preliminaries yesterday to the twenty- second annual meeting of the Amer- ican Association of Personal Finance Companies. Past presidents were guests at a dinner tonight tendered by Charles T. McDermott of Worcester, Mass., pres- ent head of the associstion. Lieut. Gov. James H. Price and C. R. Porter, president of the Virginia Association of Personal Finance Com- panies, will welcome the delegation to- y, | morrow, followed by addresses by Pres- % 1144 —1% 1201 h10% — 8, 79u. +1 53% — % 28% 28% — " T4% 4 +% 66% 66% + % 128 126% — % 67 66% + % 20% % 144 148 llt 42 51 50% 51 + % 80 79% 79% 39% 38 38% — % % ™% % Approximate Sales of Stocks on the N. ¥. Stock Exchange. 11:00 AM.__._.. 350,000 1:00 P.M._.__., 850,000 12:00 Noon... concessions which were effected early in September and continued through- out the month. Price advances on hot-rolled an- nealed sheets, steel bars and small shapes, cold-drawn steel bars and electrical sheets, are scheduled to go into effect October 1. — General American Transportation Corp.—Company received an order for 500 box cars from Chicago & Eastern Ilinois Ry. WORTHINGTON VOTE CALLED. NEW YORK, September 29 (#).— Worthington Pump and Machinery Co. has called a special stockholders' meeting for November 9 to consider proposals for the formation of a new company under Delaware laws to take over the entire assets of the present company, which is incorporated in Virginia. The move is a preliminary action prior to formulation and sub- mission to the stockholders of a plan for recapitalization. ident McDermott, Harry Eaton, asso. ciate editor of Whaley Eaton Service, and by George M. Harrison, president of Railway and Steamship Clerks and vice president of the American Fed- eration of Labor. fete Tl ASSOCIATED GAS NET AND GROSS IMPROVE 8; eclal Dispatch to The Star. NEW YORK, September 29.—Total gross operating revenues of $111,329,« 566 for the 12 months ended August™ 31 are reported by Associated Gas & Electric Co. in a consolidated state- ment of earnings and expenses ol\ properties. This is an increase of $6,113,850, or 6 per cent over the core responding figure a year ago. Operating expenses, maintenance, etc., were $57,382,432, which is $4,609,- 049, or 9 per cent higher than the previous year. Taxes mounted to. $11,350,744, or 6 per cent above last year. vl After deducting these items, net operating revenue remained of $42,- 596,390. Further deductions for provisions for retirements (renewals and replace- ments) left operating income of $34,~ 440,153. This is $1,954,504, or 6 per cent, above the comparable period ended August 31. 1935, 50-CENT EXTRA VOTED BY STEWART WARNER By tne Assoclated Press. CHICAGO, September 29.—Stewart ‘Warner Corp. directors have voted an extra dividend of 50 cents a share on the capital stock and the regular semi-annual payment of 25 cents. Both are payable December 1. An extra of 35 cents was paid last No- vember 1. Delaware, Lackawanna & Westerfl & Railroad—August net railway operat- * ing income was $294,494, against net 4