Evening Star Newspaper, September 13, 1937, Page 20

A—20 #x» BUSINESS LIVELY FINANCIAL, THE EVENING STAR, WASHINGTON, FINANCIAL. STOCKS GO DOWN D. C, MONDAY, SEPTEMBER 13, 1937 TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Net chge 2 Prev. 1937 Stock and High, Low. Dividend Rate. 30 13% Colo & South 1st pf. 32 By Private Wire Direct to The Star. Stock and Bales— Dividend Rate Add 00. High. Low. Close. Bales— Add 00, Net Close. chge. 134 — 4 Prev. 1037 Stock and Dividend Rate. Intl Bus Mach (6a). Prev. 1037 Stock and Hisk Low. Dividend Rate 597 40 Phelps Dodge 1% g Bales— Nev Add 00. High. Low. Close. chge 51 43%: 39w 40 —1% Low Bales— Add 00. High. Low. Close. 134 1139 139 139 Prev. 1037 Net High. chge 16 Low. INFIFTH DISTRICT Southern Area Reports Un- usual Fall Pick-up Along Many Lines. BY EDWARD C. STONE. That the Southern part of the Fifth PFederal Reserve District is enjoying unusual commercial activity is indi- cated in a recent weekly review from Charleston, S, C., put out by the Com- merce Department. The survey says: “Retail sales volume increased 12 per cent over last year. Rural retail sales stimulated by good tobacco season and cotton crop. Wholesale procery trade up 8 per cent. Clear- ings, $1,114,135, as against $967,794 in 1936. Port activity being stimu- lated by loading of first large cargo of tobacco for export this season. Im- brovements to Ashley River in South Carolina at cost of $340,000 among new waterway improvements author- ized by President. Corner stone of new $200,000 Federal building at Anderson laid during week. “Allotment of $265,000 authorized for construction of 300 miles of rural dower lines in State, and it has been announced that bids would be received oon. Total of 5347 persons employed on 127 State highway projects during week ended August 28, as compared with 4,646 same period in 1936.” Delay in Fall Upturn Seen. Despite the many cross-currents in the present situation, at least a full seasonal advance in business is indi- cated this Fall, says the United Busi- ness Service in its latest weekly report. However, there are some modifying factors that may prevent the Fall upswing from gaining its full momen- tum until later in the season. Most important of these is the weakness recently displayed in the stock market, Stock prices are in- fluenced by prospective profits rather than volume, and the market weak- ness probably reflects the fear that higher labor costs and taxes cannot be entirely offset by higher consumer orices without reducing sales volume. At the same time declines in the orices of grains and cotton have led 0 a restriction of large-scale buying ‘n the hope of still better purchasing opportunities later on. Yield High on Realty Bonds. A yield of approximately 7 per cent 's available through the medium of real estate bonds, according to an nalysis of 100 interest-paying realty sond issues prepared by Eli T. Watson % Co. The average asked price for he 100 issues is 56 and the average nterest rate currently being paid is 3.9 per cent, indicating an average current yield of 6.95 per cent. ‘The 100 issues include 21 issues that are paying interest at the original rates -and 79 issues that are paying nterest under reorganization plans consummated during recent years. Of ‘he reorganized issues, 12 are paying 1 fixed rate of interest with no pro- 7sion for the payment of any addi- fonal interest. Thirty-three other issues that are paying a fixed rate of interest provide for the payment of 2dditional interest, if earned, or when he fixed rate increases at specified ‘imes in the future. Six of the issues are paying fixed and additional income nterest currently, while 28 issues are | saying on a straight income basis, The 100 issues include issues se- cured by all main types of properties, ncluding apartments, apartment aotels, hotels, office buildings and heaters. The highest current yield s shown by the apartment hotel group. | Jor the seven issues of this type cov- j red by the analysis the average asked | orice is 47, the average current interest ate 3.7 per cent and the average cur- Tent yield 7.9 per cent. Government Moves Praised. General approval was heard in the New York Stock Exchange offices here oday of the Treasury’s action in “de- terilizing” $300,000,000 of gold and he Federal Reserve Board's decision 0 buy Treasury bills and notes in the pen market, as the need arises, It vas said that both moves were certain | o be helpful toward stemming the | ecent stock market decline. The | romptness with which the steps were | aken was also praised in brokerage | ouses. | To Washington brokers the action ndicates that the Government pro- | oses to keep credit ample for all| needs, and in that way prevent a mar- cet decline that might result in a lump in business should it run loo} far over a long period. Brokers here | expect further tests of the strength of the present market, but were much | more cheerful today than at the end of last week. Heard in Financial District. Robert V. Fleming, president of the | Riggs National Bank, w back in the financial district today after his vaca- tion at Rehoboth Beach. Frederick P. H. Siddons, of the American Security Co., was at his desk today turning from his vacation. secretary | & Trust| after re- | High. 55 e 1291 5 1614 24 8T 291 454 1013 29 b8 105% 154 671 3% 26 854 20% Barnum L. Colton, real estate officer of the Naticnal Savings & Trust Co., was again on duty. He passed mot of his vacation in and around Wash- ington. | Controller of the Currency J. F. T. | O'Connor announces the liquidation | of 38 national banks during August. | Dividends di ted to creditors of | all active receiver during August amounted to $4,261,613 Lease by the Morris Plan Bank of | the old Commercial National Bank headquarters at Fourteenth and G streets will give the H street instity tion one of the best bank locations in | the city. It is understood the c will be made around October 1 dent Willard G. Barker now being at the Morris Plan Bank convention in | Denver, Gas Tssues Lead Exchange. Washington Gas Light issues were the leaders on the Washington Stock | Exchange today. Washington Gas | Light 5s, 1958, opened the market, a | $500 bond selling at 105%; The new Washington Gas preferred | stock opened with 15 shares changing | hands at 98';. The next sale was made at 98!, after which five 10- share lots changed hands at 98;. The final bid was 98% with 98, asked. During the session Lincoln Service Corp. preferred moved at 454 for a 10-share lot and a small sale of Po- torac Electric Power 6 per cent pre- ferred stock was recorded at 11215, Other bid and asked prices were Ppractically unchanged. HEADS BERRYVILLE BANK. BERRYVILLE, Va, September 13 (Special) —J. L. Humston, vice presi- dent of the Pirst National Bank of Berryville, was elected president of that institution at a meeting of the board. He will fill the vacancy caused 9% 191% | 129% 100 41 4 8214 by the death of J. T. L. Jones. A 10% 43 63% Acme Steet (4) > 14% Adams Exp (.30g) .. 22 Adams-Millis (2) 262 Addressog (1.40).. 17 Advance Rumley. 61% Air Reduction (1a 97 Alaska Jun (.60a) 1% Alleghany .. 193, Alles pf $30 ww. 23 Alleg prpf.__ 26 Alleg Steel (1.20g) . 1314 Allen Indus (1)_. 2007 Allied Chem (6) 14% Allied Kid____ 187 Allied Mills (2g) - 137 Allied Stores (.20a) 53% Allis Chalm (2g) . #2 Allis-Ch rts Sep 22 17'% Alpha Portland (1)- 3% Amal Leath . __ 34% Amal Leath pf (3) 78 Amerada (2) 78 Am Ag C(Del)6%g. 20 Am Bank Note % g_ 59 Am Bank N pf (3)__ 47% Am Brake Sh(1%g) 90% Am Can (4a) . ___. 32 AmCar & Fy (%g)- 63 Am Car & F pf (4g). 24% Am Ch&Cable 1g. 26 Am Coal of Alleg_ 10%; Am Colortype. 18 Am Comcl Alco 21 AmCrys Sug 3.25g_ 5% Am Encaustic Til._ 5 Am & Forelgn Pow. 28 Am&FP$6pf 34% Am & For Pw $7 pf _ 13% Am & For Pw 2d pt. 13% Am-Hawailan S (1) 5 Am Hide & Leath _. 36 Am Hide & L pf (3) 40 Am Home Pr (2.40) x 2l Am Ice - - 17% Am Iee pf (1.50g) .. 10% Am International.. 32 Am Locomotive_ 92 Am Loco pf___ 16% Am M & Fdy (%g)- 6lx Am M & Met (.60) . 43 Am Metal (%g) 112 Am Metals pf (6)_. 60% Am News N Y (3)_ 7 AmPow& Lt __ __ 40% Am P & L 85 pf (5) . 49% Am P & L $6 pf (6)_ 15% Am Rad & St S(.60) 311 Am Rolling Mill (2) 90 Am Roll M cvpt 415 18t Am Seating (%g)__ 852 Am Shipbldg (2a)__ 170s 78% Am Smit & R(2%g) 13815 Am Smelt pf (7). 524 Am Snuff (3a) Am Stl Foun % Am Stores (1.508)_ x Am Sugar Ref (2)_. % Am Sumatra (1a)._. 159% Am Tel & Tel (9)__. 73% Am Tobacco (5) Am Tobaceo B (5)._. Am Type Fdrs_____ Am Wat Wks (.60g) Am Woolen _______ Am Woolen pf(3k) . AmZincL&S _ ___ Anaconda (1.25g) . 79 Anacond W (2.50g). 18 Anchor Cap (.45g) 5% A P W Paper _ 89% Arch-Dan-M 1.50g. 7 Armour Il (.55g)__ 81% Arm 11l pr pf (6) ___ 51% Armst'g Ck (1.50g). 10% Arnold Const (%g). 6 Artloom 134 Asso Dry Goods 59 Atch T&SF (2g)_ 93 Atchison pf (5) 37 Atlantic Coast Li 11 At1Gulf & W Ind_ _. 17 Atl Gulf&W Ind pf_ 23'% Atlantic Refin (1)._. 13% Atlas Corp (.80) 50 Atlas Corp pf (3) 8 Atlas Tack (.50g) - 12 Auburn Auto 4 Austin Nichols. 4% Aviation Corp.____. 3% Baldwin Loco (r) .. 3 Baldwin Loc asd(r) 14% Baldw Loctfs w. 17% Balto & Ohio 21% Balto & Ohio pf 381 Bang & Ar (215) 100% Bang & Ar pf (5) 21% Barber Co (%g)-. 18 Barker Bros 167 Barnsdall (1) ._ 11t Bayuk Cigar .56 111 Bayuk 1stpf (7) 20% Beatrice Cr (1a)-. 10% Beldin-Hem (1) - 15% Bendix Aviat.75g__ 20 Benef Lin (1.323g). 73 Bethlehm St] 2.50g . % Beth Steel rts Oct 1. 17 Beth St15% pf (1) Bigelow-San (3g)_. Black & Deck (1a) - x Blaw-Knox (.70g)_. Boelng Airpl . Bohn Alum (2.75g). 841 Bon Ami A (3g) 41% Bon Ami B (1%g) .. 20 Bond Stores (1.60) .. 21 Borden (1.60). _ 3874 Borg-Warner (2) Boston & Maine Botany C M (A) (r) Bower Roll B(2g) - pt Brass Bs & S Bristol-My (2, Bklyn-Man (2 Bklyn-Man pf (6) Bklyn & Queens. Bklyn& QT pt Bklyn Un Gas 2 4 Brunsw-Ba ) Bucyrus-B pf (7) Budd Mfg Budd Mfg pf_ Budd Wheel (.20g Bullard Co (1) .___ Bulova Watch (4a) Burlington Mills(1) Burr Ad Mch(.65g). 4 Bush Term (r).___. Bush T 7% deb (r) . Bush T Bld pf ct(r) Butler Bros (.60)__ Butler Bros pf(1%) Butte Copper & Z__. Byers Co Byers (A M) pf Byron Jack ((1g) .. Callf Pack (1%a).. 2% Callaban Z-La 12 Calum & Hec 1.10g. 24 Campbell Wy (1) 19% Canada Dry G Ale. % Can Dry ris Sep 22. 9% Canadian Pacific _. 42 Cannon Mills 136g_. 11% Cap Adm A (%g) _. 26 Carpenter Stl 1.60g. 51 Carriers&Gen .158 137 Case (J 1) Ees 110% Case (J I) pf (7) .. 79 Caterpillar Trac(2) 26% Celanese ( ) 30% Celotex (.80g) 62 Celotex pf (5) ____ 29% Cent Aguir (1%a)_. 4% Central Fdy Central Violeta Sug Cerro de Pasco (4)- Certain-teed A 4 Champ Pap & F (2). ' Checker Cab Mfg Ches Corp (3) & Ohio (2.80a) % Chi & East 111 (r) hi & East [1] pf(r) Chi Gt West (r) .. 512 Chi Gt West pf (r)- Chi Mail Or (134a)_ 1% Chi MStP& P (r)_. 2% Chi M St P&P pf(r). 2 Chi & N W (r) 6% Chi & N W pf (r) 17 Chi Poeu Tool . 35 Chi Pneu T cv pf(3) 1% Chi R 1 & Pac (r)__. 3 CRI&P 6% pf (r). 3% CRI1&P 7% pf (r). 12 Chi Yell Cab(1%g)- 16% Chick Cotton Ofl 7% Childs Co 94 Chrysler (1g) . 16 City lce & F (2) 77 City 1& F pf (6%). 4% City Stores _ - 324 Clark Equip 1.30g _ Clev Graph B 1%g Clev & Pitts (3%) . 14 Cluett Peabody (1). 14 Coca-Cola (3) .. b6y Coca-Cola A (3) . 145 Colgate-P-P (.50) 1041 102 Colg-Palm pt (6) ... 62% 41 Collins & Alk (48) . 27% 11% Colo & South.een... A Abbott Lab (1.60ay.x 43 2% 14 22 181 7 18 2 % 44 107 44y 5 53 171 167% 83 35 16 9212 8 21% 374 78 82 1 1384 52l 70 122 33 80 141 7 4% 3% 3% 16% 1915 22 2 40 80s 103 24 22 1 19% 50 20 9 131 12 e vowulaBuaniBonndBa 24 408 104 114 % 90s 63 35 6% 3 420s 27 1 26 22 24 146 508 111 6 1645 41 70 14% 228 41 70 15 107 60 60 T 8 413 41y 50% 504 15% 16 31% 331 891 90% 20 20 8 37 T 18y 138% 13315 511% 51l 32 35y 14% 143 37% 37 20 20 57% 13 5813 92 35 10 154 23% ~13% 50 8% 12% 4l 4% 3% 3% 15 4% 3 Bl 144 1702 184 20% 208, 40 40 1024 102y 20 20% 18% 193 18 1815 124 12% 112 112 19 10% 16 19% 80 38l 8 104 6% 60 6% 261 45% 11% 24 165 % 9% 40'5 11% 24 5% 134 140 110% 111 % 1% 3074 28 61 294 5 16 10% 57 14% 22% -1% -3 + % 2 -12% —214 + 1 =13 —1% - % 3% -1% —38% -1 -1 -1% - 56 + % + % + % L — % ~1% -1 + Y% iy =8 -1 + % -2 ~1% -u s — 11 -1 i + % o2 -1 =1% | +1% -2% 14% — Y% 1024 1021 102% — % 13 43% 39 13% 11 808 41 1 -1% -2 31% 20% 108 391 237 Col Brdcsts A 1.05g. 24 Col Brdests B 1.05g. 10 Colum G&E (.20g) . 80 ColG&ElIpfA (6). 19% Col Pict vte (1a) 125% 107 Col Carbon (4a) 69% 114 804 21% 4% 75% 19t 451, 19% 22 33% 18% 9% 49% 5% 18% 131 177% 10% 1 1431 104% 1% 29 58% 244 107 1461 1 361 23 28 96 25 46% 51 TT% 1594 103 1801 142 135% 1301 115% 1 17 198 151 3T b4 18% 32% 117 1 20% 31 58Y% 8 117% 1 157 126 39% 185 1 185% 1 544 Comecl Credit (4a 97 Comcl Cred pf 4% _. 52 Comcl Invest Tr(4) 11% Comel Solv (.60) .. 2 Comwlth & Sou_. 46 Com & Sou pf (3)... 8t Conde Nast. _.__ Congress Cigar 10% Conn Ry & Lt pf. 14 Consol Aircraft._ 8% Consol Cigar__ 833 Con Cig p pf ww 614 80% Consol Edi (1.50g) - 2 Consol Film_ 915 Consol Film p! 613 Cons Laundrie: 12% Consol Ofl (.80a) 4% Consol RR Cuba pf. % Consol Textile 7% Consol Coal .. 20 Container (1.20) 157 Contl Baking A _. 2!s Contl Baking B Contl Baking pf(8). Contl Can (3) - Contl Diamond 1% g Contl Ins (1.60a) Contl Motor Contl Oil(Del)1%g. ' Corn Exchange (3). 1314 25 13 5T Cream of Wh (2g Crosley Radio Crown Cork (2) . _. Crown Zeller (%4g).- Crown Zeller pf (5). Crucible Steel Crucible St pf 5% k- Cuba Co - Cuba RR pf_ Cuban-Am Sugar. Cudahy Pack (2%)- Curtis Pub - Curtiss-Wright Curtiss-Wright A_ Cutler-Ham (2g) Davega Stores (1a Davega St pf (1% ) Dayton P&L pf 4% Deere & Co (1g) Deere & Co pf(1.40) Deisel-Wem-G (1a) Del & Hud ___ Del Lack & W Den & Rio G W pt_. Detroit Ed (5g8) Diamond Mat (1a) _ Diamond T Mot (1). Dist Corp-Seag Dist-Seag pf ww (5) Dixie-Vortex (135). Doehler Die C (1g) - Dome Mines (2a) Douglas Aircraft Dow Chem (2.60g) -. 3 Dunhill Intl __ Duplan Silk (1) Du Pont deN(4%g) Du Pont deb (6) ¥ Dugquesne 1st pf(5) Eastern Roll Eastman Kodak (8) Eaton Mfg (1%g) .. Eitingon Sch 145 67 11% 15% 99% 24 17% 241 11 3y 00 24 13 16% 79 18 29% 3T 404 10 84 2815 T 21% 30% 87 Elec Boat . 4% E Elec Pow & Lt ElecP& L $6 pf__. Elec P & L pf Elec Stor Bat (2) Elk Horn Coal Elk Horn Coal pf. 4 Eng Public Service. ng Pub Sve pf (6). ErieRR._. FErie 1st pf Erie R R 2d pf_ Eureka Vacuum Cl_ Evans Prod (1) ___ Exchange Buffet. Fairbanks Co Fairbanks pf______ Fairbanks Mrse(ia) ardo Sugar(3g)_ % Federal Lt & Trac_. 4 Federal Motor. Federal Screw Federal Wat 28 Fed Dept St 88 Fed D Strpf (4%)_. 33 Fid Phoenix(1.60a). 274 Firestone (1%g) _. 374 First Nat Strs(213) 20 Flintkote (1) 40 Florence Stove(1g). 2% Follansbee Bros 38 Food Machine (1a). 96% Food Mach pfn 415 26 Foster Wheeler.___ Francisco Sugar___ Freeport Sul (1g) _ Freeport Sul pf (6). Gabriel A ____ 9 Gair (Robert) - 32 Gair (Robt) pf (3)- 20 Gamewell A, 93'; Gannett cv pf (6) . Gar Wood Ind (%8) Gen Am Inv Gen Am Trns(1%g) Gen Baking (.60) Gen Bronze_. Gen Cable Gen Cable A _ Gen Cigar Gen Elee (1 3 Gen Foods (2) GenG & ELA_ Gen Mills pf (6)_ Gen Motors (2%g)- Gen Out Adv Gen Out Adv A 6% 24Y% 05 Gen Ry Signal (1)_ ' Gen Real & Util Gen Real & Ut pf. Gen Refract (2h) Gen Stl Cast pf __ G Theater Eq.75g Gen Tire 2 Gillette Saf R .75g.. Gimbel Bros « Glidden Co (22) Gobel Adolf Goebel Brew g Gold Stock Tel (6)_. Goodrich (BF) 18 _ Goodyear T&R 1.50§ Goodyr T&R pt (5). Gotham Silk H . __ Gotham Silk pf (7). Graham-Paige._. - s Granby Consol.. - Grand Union Grand Union pf 2k Gran City Stl (%g)" Grant (WT) (1.40a)x Great Nor Ry pf___ Grt Nor Ore ct(%g) Grt Wst Sug(2.40a) Green (HL) (1.60a) Green Bay (216g)__ Greyhound (.80) Greyhound nf (.55) Guantanamo Sug. Gulf Mob & Nor Gulf Mob & Nor pf Hall Print 3 Hamilton W (1.25g) Harb-Walk (1.50x)- Hayes Body & Hazel-Atlas G1(5a). 9% Hecker Prod (.60a). 6% Helme (G W) (5a) - 4 Hercules Mot (1) ... Hercules Powd xr Hercules Po pf (6) - Here Prts Oct 14 _. 56 * Hershey Choc (3) __ 30% Holland Furn 1.50g. 18' Hollander (1) 251 Holly Sug (2%&) 44% Homestake Min 434. 33 Houd-Her A (2%)_. 18 Houd-Her B (1%)_. 57% Household Fin (4) 10 Houston Ofl.__ 62% Howe Sound (3a)__. 2% Hudson & Man - 6% Hudson & Man pf__. 11 Hudson Motor.. 3 Huop Motor-. 9% 2513 32 2% 00 5 25 Illinois Cent pf A__. Indian Refining 28% Indust Rayon (2)__ 115% Ingersol Rand(3g)- 1335 Ingersoll R pf (6) - 94 Inland Steel (4a) 17% Inspiration Copper. 4% Insuranshar (.10g). 5% Inter Rap Tran (r)- 4% Intercontl Rubber_. 15% Interlake Iron .40g- 314 Intl Agricul.. - 32 Intl Asriprpt (3k). 80» 7 608 159 8 10 2 4 75 36 244 23% 10% 89 19% 54 26% 7 24% 1064 3% LY 32 19 96 9 24% - % 24 10% 89 19% - 3 54 U R B - % 65 -31 11% 15% — % 102 + % 100 -10 241 — 1 170 + W 241 —1% 113 —1% 8 — 1 174 =2 27 -2 % 23y 264 3% 4813 122 106 150 617% 14% 2% 99% 41% 137 1214 1314 5Tl 647 418 98Yy 5% 72 100 31% 127% 25% 135 2 200% 26% 50% 63 116% 65% 17 48% 21% 13% 90 Intl Harvestr (234) 8% Intl Hydro-Elec A 614 Int Mer Marine 9% Intl Mining (.45g) 54% Intl Nickel (1.508) 13% Intl Paper & Pw A. 9% Intl Paper & Pw B 4% Intl Paper & Pw C_. 80% Intl Paper & Pw pf._ 5 Intl Ry Cent Am ct. 41 Intl Ry Cent Am __ 431 Int Ry Cent Am pf_ 24 IntSalt (1%).. 41% Intl Shoe (2) 31% Intl Silver._ 87 Intl Silver pf (8k) 7% Intl Tel & Tel ___ 19 Interst Dep S 2% g Interst Dept pf (7). Intertype (.30g)___. 4 Island Crk Coal (2). Jewel Tea (4) _ Johns-Manv (3a) Johns-Manv pf (7 Jones & L pf (3% Kalam Stove (1a Kansas City Sou _ Kansas City Sou pf Kaufmann Dep 1.60 4 Kayser (J) .1.50g_. Kelsey-Hayes A _. % Kel-Hayes Wh B_ Cennecott (28) ___ Keystone S&W (.60) Kimb-Clark (1a)_ Kinney (G R) .. Kinney pr pf. Kresge (S S) .90g Krozer Groc (1.60) Lambert (2) ! Lane Bryant(%g) Lee Rub& T (1) .- Lehigh Port C (1%) Lehigh Valley Coal. Lehigh Val Coal pf_ Lehigh Valley R R Lehman Corp (1a) _. Lerner Stores (2a)_ Lib-Ow-Glass (3g). Libby McN & Lib _. Life Savers (1.60a). Liggett & M B (4a). Lily Tul Cup (13%). Lima Loco (1g) - Link Belt (2) g Liquid Carb (1.60) 4 Loew's Inc (fg) Loft S Lone Star Cem (3) 4 Long-Bell A e % Loose-Wil Bis (2) _ Lorillard (P) (1.20) Lorillard pf (1) . Louisv G&E A 1% Louisv & Nash(5g). Ludlum Steel (1) McAndrews pf (§) McCall (2) MecCrory Strs McCrory St pf (6) McGraw Elec (2) McGraw-H(. Mclintyre Pore (2 McKeesport T (2) 4 McKesson & Rob __. McKess & R pf (3) . McLellan Stra( % g) Mack Trucks (1) Macy (R H) (2a) 4 Mad Sq Gar (1.15g). Magma Cop (1348) - Manati Sugar (r)__. 4 Manati Sug pfct___ Man Ry mod gtd(r) Man Ry gtd (r) __ Manhat Shirt (1)_. Maracaibo Oil. Marine Midl (.40a). Market StRy____ . Market St Ry pr pf_. Marlin Rock (2) Marshal Field.. Martin (Glen) Martin-Parry Masonite (1a) Math Alkall (1%) Mathe Alkill pf (7). May Dept Strs (3a). Maytag _ - . Maytag pf ww (3) 20 17% 10 g)- 511 T 83% 20% Tl 294 49% 14 25% 33% 108 94 944 Mengel ________ Mengel 5% pr(2%). Mesta Mach(3.75g) - Miami Copper..... .. Mid-Cont Pet (%g) Midland Steel (2) Midland Stl 1 pf(3) Milw El Ry pf (6) . Minn-Hon Reg (3)_ Minn-Mol Imp._ Minn-Mol Imp pf._. M StP&SS Marie __. Misston Corp (18). Mo-Kan-Texas Mo-Kan-Tex pf. Mo Pacific (r) . Mo Pacific pt (r Mohawk Crp(1.20a) Monsanto Ch 1%¢ . Montgom Ward(2a) Morrell & Co Mother Lode _ Motor Prod (2 Motor Wheel (1.60) Mueller Brass (1a) x Mullins Mfg (B) . Mullins pf (7) .____ Munsingwear 1.50a. Murray Corp__ Nash-Kelv (1) _ Nash Chat & StL Natl Acme (%g) Natl Aviation Natl Biscuit (1.60) Natl Bnd & Inv 1.4 Natl Cash Reg(%g) Natl Dairy P (1.20). Natl Dept Strs 9 8814 1% 21% 4 15% 24 17 13 51 2684 26% 8% 293 127 40 8% Natl En & Stpg (2)- Natl Gypsum Natl Lead (%) .. Natl Lead pf B (6) - atl Pw & Lt (.60) - atl Supply .. 121'% Natl Supply pf 3%k 6 Natl Tea (.30g) Natomas (.80)_ Neisner Bros (2) Newberry JJ (2.40). Newport [nd (1%g) N Y Air Br (1%¢) .. N Y Central ... N Y Chi & St Louis. 33 6 NYChn&StLpf._ 61 21 5% 1215 119 5% Investors (r)-— 3 NH&H (r).__ 7% NYNH&Hf (r). 1ia N'Y Ont & West (r) 7% N Y Shipblds ___ 6312 N Y Steam $6 pf_ Norfolk Sou (r) North Am Aviat_ North Am (.90g)___ orthern Cent (4)_ Northern Pacific___ Northwest Tel (3)_ Norwalk T & R Norw Tire pf 3%k - Ohio Ofl (%8) . Oliver Farm Omnibus Omnibus pf (8) ___ Oppenheim Col g Otis Elevagor .80g - Otis Steel " __ Owens-111 Gl 1% g Pac Am Fish (1.20) Pac Coast Pac Coast 1st pf_. Pac Coast 2d pf Pac Gas & El (2) Pac Lighting (3) Pac Mills (1.50g) Pac West Ol (.65e). Packard Mot (.25g) - Pan-Am Petrolm___ 1% Panhandle P&R (r) 16% Paramount Plet____ 121 Paramount 1 pf (6). 15% Paramount 2 pf (.60} 23% Park & Tilford (2) . 315 Park Utah _ 4 86 Parke Davis 1.80g _ 23 Parker Rust-Pr134. 2 Parmelee Trans. 6% Pathe Film_ 13% Patino Mine 3% Peerless Corp 85 Penney (JC) (3g)_ 3 Penn Coal & Coke 4% Penn-Dixie Cemen 35 Penn-Dixie pf A 30% Penn R R (%g).___ 45% Peoples Drug (1a).. 112 Peoples D pf (634)- 39% Peoples Gas Lt & C. 414 Peoria & Eastern 13% Petro Corp (.90g) ... 6% Pfeiffer Brew .90g). 62 108 3 97w 91 81 6 94 5% 13% 8% 4% 75 5 41 46'% } 4 ¥4} 5414 3815 Phila Co 6% pt (3)- 7% 3% Phila Rap Tr (r) 4% Phila Rap Tr pf (r) 1 Phila Read C&1(r) 70 Philip Moris(3%g). 10% Phillips Jones 49'5 Phillips Pet (2a) 10% Pierce Oil pf 40 Pirelli (1.63%g) 10'% Pitts Coal 50 Pitts Coal pt ¥ 12 Pitts Coke & Iron__ 87 PittsC& Ir pf(5) - 11% Pitts Screw (.308) 20 Pitts Steel 3% P1its United 1 39 608 6 1808 5% 28 1 29 864 10% 52% 1% 45 10 78 1007 20 43 8% Plymonth Oil 1058 Pond Creek Foc (2). Poor&CoB. ___.' Porto Ric-Am T A__ Postal T & C pf (r)._ Pressed Steel Car Press Stl C 2 pf 215 Procter & Gam (2a) s Procter & G pf (5) - Pub Sve N J (2.60) . PubS N J $5 pf (5). 4 Pub Sve N J pf (6) PubSNJ 7% pof(7) 16214 1473 Pub Sve N J pf (8) 72% 42 Pullman (1%) 24% 151 Pure Oil_________ 107 99 Pure Of1 6% pt (§).. 1123 107% Pure Oil pf (8) 11% Purity Bak (. 15% Quaker St Oil ( % Radio Corp. 63 Radio cv pf (335) 6% Radio-Keith-0 (r)_ 10 R R SecIll CStk Raybest-Man(1%g) 314 Reading Co (2) - 33 Reading 2d pf (2) 5% Real Silk .. 1 Reis&Co - 15 Reliable Strs (1) 18% Rem Rand (1.05g) .. 80 Rem R pf ww (4%) 3% Reo Motor ___ 2735 Republic Steel 104 Rep Stlcv pf(435k) 974 Reoublic St ot A (6) 25! Revere Copper & B.- 20% Reynolds Met (1) 15 Reynolds Spr (1). 591 R nolds Tob (3) ._ 49 Reynolds Tob B (3) 15 Ritter Dental .75g 60 Roan Antelope 1.11g 25'% Ruberoid (.60) 5 2% Rutland pf ___ . 10 305 Safeway Strs (2)__. 24 104% Safeway 7% pf (T)_ 10s 108 43% St Joseph Lead(2a) 24 50 e 9 3% 142 43% 1644 1 99 3908 110% 29 101 32 5% 1% 15 20% 84 4% 3% 4104 31 4 944 915 47 124 110% 49% 30% 36 Schenley Distill(3). 90 Schenley pf (5%) .. 1% Schulte Ret (r) __ 8% Schuite Ret S pf(r) 38 Scott Paper (1.05¢) 1 Seaboard Oil (1) Sears Roeb (3) Servel Corp (1a) Sharon Steel (1.20) Sharon St1 pt (5) ... Sharp & Dohme _ Sharp & Do pf 315 10% Shattuck FG (.60) . 30% Sheaffer Pen (1% g) 22% Shell Unton (%g) 105% 102 Shell Un pf (53%) % 11 Silver King (.90g8) 27 12 34 Simmons (1g) .. 45 374 3% Simms Petroleum 13 42 Skelly Oil (1g) .. 18 431 85% Sloss-Sheflield S & I 280s 122 23 Smith (A O) 8 24% Smith & Cor (1%) 17 Snider Pack (1% 16% Socony Vac .508) 2% Sou Am G&P (.10g) 32 South P.R.Sug (2a). 21% Sou Cal Edis (1%a) 3214 Sou Pacific .. 18% Southern Ry 31% Southern Ry pf_. 5% Spalding ___. 4% Sparks With 14'% Spear & Co - 14 Sperry Corp (.60g) - 261 Spicer Mfsg._ 44 Spicer pf A (3) 17% Spiegel Inc (%g)- 77 Spiegel pf (414) 32 Square D Co (.95g)_ 10% Stand Brands (.80) 3% Stand Com Tob 5% Stand Gas & El () 13 Stand G & E pf (r)_ 33 Std G&E $6 prpf(r) 33% St G&E 7% p pf(r). 2% Stand Invest __ 38% Stand 01l Calif (1a) 37 Stand Oil Ind (1a) Stand Oil NJ (1a) Starrett (L S) 3g 3% Stewart-Warn(3%a 12% Stokely Bros 1.20g 16% Stone & Web, 9% Studebaker 65 Sun Oil (1a)_ 118 Sun Oil pf (6)_ 17% Sunshine Mng 86 Superheater (1.75g) 31 Superior Oil . __ 26 Superior Steel .___ 26, Sutherl'd Pap 1.60a. 13 SweetsCo________ 21% Swift & Co (1.20) 28% Swift Intl (2) _____. 12 Symington ww .358 9% Symington xw .35g. 9 Talcott Inc (.60a) - 5% Telautograph (.60). 10% Tenn Corp (%g) 50% Texas Corp (2) 4% Texas Gulf Prod 33% Tex Gulf Sul (2a)_. 31 Tex & Pac Ry __ 10 Tex Pac C&O (.40) 9% Tex Pac Land Tr. 32 Thateher (.758) .. 5% Thermoid ... 1% Third Ave 7t Thompson (JR) (%) 23 Thompson Pr(.90g) 3 Thompson-Star_.__ 13 Thompson Starr pf. 15% Tide-Water As(la). 90 Tide-W As pf (414). 17% Timk-Det Ax .50z - 54'; Timken Roll B(3a). 13% Transamerica Corp. 9% Trans & West Alr__ 11% Transue & W (.30g) 6% Tri-Cont Corp (%8) 101 Tri-Cont pf (6) 8'4 Truax-Traer (.80) 30% 20th Cent-F 1.50g 61 Twin City RT ____ 54 Twin City pf (Tk)_ 13 Twin Coach (.30g) 2 Ulen&Co . 78 Und'w'd-EI-F 3.25g. 63 . UnBag &P (2). 865% Unlon Carbide 3.20g 21% Un Oil of Cal (.85%) 105 Un Pacific (6) .. _. 24% Un Tank Car (1.60) 21% Unit Aircraft (3%g) 10% Unit Alr Line: 17 Utd Am Bosch ____ 21% Unit Biscuit (1.60). 3 1134 Unit Biscuit pf (7). 60s 11315 69% United Carbon (4a). 5 79 4 UnitCorp. . 4% 32Y% Unit Corp pf (3)_. 35 9 Unit Drug (%g)- 9% 16% Unit Dyewood (1a 16 5% Unit Elec Coal g 4215 Unit Eng&Fy 1.50g. 64 Unit Fruit (3) .. 11 Unit Gas Imp (1) ... 7% 102% Unit Gas Imp pf(5) 613 Unit Paperbd (.30g) 10% U S Distrib pf Y 12% U S & Foreign Sec_. 90 U S & For'n 1st (6). 11% U S Freight (1%e)_ 82 USGypsum (2). 13% U S Hoffman Mach_. 26% U S Indus Aleo.. 6% U S Leather 13% U S Leather 40 U S Pipe (3) - 7% U S Realty & Imp-... 58% 32 208 122 37 18% 6! 22 110 25% 23% 11t 42 6745 11% 3 104 | B 170e 3 76% U S Smelt R (6g) .. 66% U S Smelt pf (33%)_ 76 U S Steel . 150 124 U S Steel of (7) 169 147 U S Tobacco pf (7). 5 Unit Stockyds (%)- 3% Unit Stores A _____ 142% Univ Leaf T pf (8). 55 Univ Pictures 1st pt 1% Util P& Lt A (r) . 1 Vadsco . 23% Vanadium Steel 28 Van Raalte (2}48) .. 7 30 38% Vick Chemical (2a) 3 404 (Continued on Page A-21.) } 98 1084154 21 5% 38 3% 408 50 55 43 26% 9% 9 12415 121 154 394 K Bia “ 82 104 40 10% 44 10 48 113 125 140 40 15% 99 1104 10% 59% 43 16! 70 25 2% 20% 108 47 1% 3% 10 1874 29 89 T4 56 10% 30% 41 23 22 22 " 2 10415 104% 104% 107 334 3 100 2015 25% 17% 181 2% 314 21% 29% 181% 29 5 an 12% 13% 24% 4814 17 T5% 31 51 121% 17% 3415 25 251 17 20% 27 12% 2 80 60 851 20% 102 247 207% 10% 15 21% 112 78 4 34% 65 11% 112 891 + 4% 51 — 85% + 10% = ¥ 505 104 — +1 -3% 11 35 3 40 110 21 251 17% + 18% 2% 33 21% 31% 19% 30 - % 121% -1% 17% — % 341 -2 3 =y 25 25'% 17 20% — 1 5 335 +25% 30% —44 13% - % 2 80 -2y 60 -6 88% + % 21% — 4% 106% 43 ! 2474 22% + % 10% — 5% 15 =6 21% — a -2 8 -2 4'% 35 +u 41 —1y% 65 114 11% + 103% 103 — 674 10 13% 6614 8 4% 3 308 147, 147 53 1% 1 2314 27 40 T » 10 13% + 664 93% 121 154 -4 5 % - % 3 1% + Y 1 - 24% — % 27 -24% 40% + W 511087 A SHARE™ {Few Losses of $13 or More Recorded—New 2-Year Lows Are Set. Stock Averages 30 15 Indust. R Net change. 0 Today, close 82.5 x29.2 x37.5 x57.7 Prev. day... 835 305 378 586 Month ago.. 99.7 395 43.1 702 Year ago... 89.6 405 520 679 1937 high___101.6 49.5 54.0 753 1937 low.... 823 292 375 5717 - 993 435 537 728 30.1 434 55.7 8.7 239 169 -146.9 1539 184.3157.7 - 515 953 618 618 (Comptled by the Associated Press.) BY VICTOR EUBANK. Associated Press Financiai Writer. NEW YORK, September 13.—Stock market leaders crashed into new low territory for two years or longer today following an opening rally inspired by action of the Government in with- drawing $300,000,000 in sterilized gold to lighten credit needs. At the worst prices tumbled 1 to 7 points. There were a few losses of as much as 13 or so. In the feverish gyra« tions of the list, the ticker tape fre- quently lagged, at one time, being be- | hind about 5 minutes, 8 | Some support appeared in the final hour, with a number of pivotal stocl cutting sizable portions from their ex- treme declines. Many, however, dragged bottom when the closing gong sounded. Brokers reported liquidation and short selling from many quarters. Dis- tress offerings from those unable to come up with margin calls also was said to have been pronounced. Many stop-loss orders were touched off in the downfall, Despite the monetary move by Washington, the financial sector con- tinued to exhibit uneasiness over Far Eastern and European affairs. Busi- ness prospects for the final quarter were still seen as a retarding mar- ket influence. Transfers were in the neighborhood of 2,600,000 shares. “< Western Union started the slide in shares with a break of some 5 points at the worst on an unfavorable earn- ings statement. Coco-Cola was down more than 13 at one time, without any especial news to account. for the slump. Conspicuous sufferers included United States Steel, Bethlehem, Re- public, Youngstown Sheet & Tube, ™ Sloss<Sheffield, Wheeling Steel, Gen- eral Motors, Chrysler, Mack ‘Truck, Santa Fe, New York Central, Penn- sylvania, Southern Pacific, Great Northern, Atlantic Coast Line, Union Pacific, United States Rubber, Good= rich, Montgomery Ward, ‘Woolworth, J. 1. Case, Deere, Douglas Aircraft, American Telephone, North American, Public Service of New Jersey, Ana- conda, Kennecott, Cerre de Pasco, Howe Sound, American Smelting, Johns-Manville, Amerada, Owens- Illinois, American Locomotive, J. C.Aa Penney, Union Bag & Paper, Allied Chemical, Westinghouse, Texas Corp., Union Carbide and Eastman Kodak. In the resistant column were Con- tinental Can, Socbny Vacuum, Dow Chemical, Yellow Truck and Pire- stone Tire. Rails were unable to follow the initial upward tilt to any great ex- tent and were among the first to give ground on the subsequent relapse, iy CHICAGO GRAIN By the Associated Press. . CHICAGO, September 13. — Late tumbles of wheat prices today carried the Chicago market down to all around new low price records for the season, The extreme break in wheat values here was 234 cents a bushel. Much stop loss selling was witnessed, owing largely to setbacks of securities at New York, resulting in liquidation of Wwheat holdings to protect stock mar- ket accounts. , At the close wheat was 13-2% cents under Saturday’s finish; Sep- tember, 1.0112; December, 1.02%-1.03; corn, 7% off to !, up; September, 1.02%-12; December, 62%:-3, and oats, 1 -15 down, - 05 00Y .02 3 ""3 8 "/: l.g()‘ 89 821 (6215 641 o4 0% 0% 31 E 95% 8 5% Chicago Cash Market. Cash wheat, No. 2 red, 1.09; No. 3 red, 1.07; No. 2 hard, 108%; corn, No. 2 mixed, 1.02'2; No. 1 yellow, 1.05%; oats, No. 1 mixed, 3213-34%; No. 1 white, 33'4-35; rye, No. 2, 8114-82%; barley feed, 48-62 nominal; malting, 67-93 nominal; timothy seed, 2.40- 50 hundredweight. EALTIMORE STOCKS Srecial Dispaten to The Star. BALTIMORE. September 13.— Sales. STOCKS, High.' Lo; 100 Arundel Corp __ 10 Atlantic Coast L ooy e S A 316 Houstn Oil pf vtc 18! 18 10 Mfrs Pin com % 28 Mfrs Fin 2d pf 1 - &8 100 Mong W P S 7% 60 Mt Ver W Mis pf 330 New, S Fa 80 Seabd Ct 006 U § Fidel & Guar BONDS. 6,000 Bal Tr deb 45 A 28 28 2! s:Lbuo Read D & C 5'28 10212 102% 105!5 SALES GAIN REPORTED BY SAFEWAY STORES By the Associated Press. NEW YORK, September 13 —Safe- ‘way Stores, Inc, national grocery chain, reported an increase of 7.9 per cent in sales for the four weeks ended September 4 to $30,409,052 from $28,- 176,503 in the same period last year, For the 36 weeks sales totaled $261,~ 604,717, against $230,437,237 in the like 1936 period, a gain of 13! per cent. oy eI Amster Cas povney 2330 - P dns SRR - % S5353%,