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Evening star. [volume] (Washington, D.C.) 1854-1972, September 20, 1929, Image 13

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1929-09-20/ed-1/seq-13/

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TRADING IS HEAVY
ON CURB EXCHANGE
Ticker Again Behind as Vol
ume of Orders Gains.
Trend Upward.
Special Dispatch to The Star.
NEW YORK, September 20. —The
volume of trading on the curb today
again taxed ticker facilities and left
traders at sea early in the session, as
the tape was more than 30 minutes
behind dealings on the floor.
Although the bulk of transactions
converged around relatively new stocks
and groups, dealings were sufficiently
scattered throughout the list to main
tain interest in the entire market.
The newly-formed investment com
panies, such as Lehman Corporation
and Burco; some of the higher-priced
specialties, such as Crocker Wheeler
and Commercial Solvents, and such
power and light favorites as Electric
Bond & Share and Middle West Utili
ties, piled up the greatest volume of
transactions.
Cities Service, responding to its rec
ord earning statement, sold up to a
new high price, standard Oil of Ken
tucky was a favorite in the Standard
group. United Gas, which is planning
several mergers and contemplates a huge
building program, led the natural gas
stocks as it reached a new high level.
Consolidated Automatic Merchandis
ing was prominent among the indus
trials, appearing in huge blocks at
fractionally lower quotations. Some of
the recent popular industrials, such as
General Theaters Equipment and Fox
Theaters A. encountered profit-taking
Elsler Radio, in which a large pool is
reported at work, scored a new peak.
Newmont Mining was a leader in the
mining group. Buying followed a re
port that directors miiht take some
constructive action at their December
dividend meeting. Motor shares were
little changed, while a few aviation
stocks, like Aviation Corporation of
America, Fokker and Douglas, were
Active.
Lehman Corporation again piled up
numerous sales, but its price trend was
reactionary. Southern Corporation for
a time met firmer bids. American In
vestors B. which has benefited from
the recent rise of Commercial Solvents,
attained a new maximum.
Other investment companies that
figured in early trading included Tri-
Continental, Transamerica. Goldman
Sachs, Blue Ridge, Shenandoah, Re
liance Management and Haygart
Corporation. Some of these shares,
compared with their movements of the
last serveral sessions, were weak.
National Investors Corporation, new,
was active, but irregular, as was also
true of the old shares and the preferred.
Fourth National moved in comparatively
narrow range.
Baltimore Markets
Special Dispatch to The Star.
BALTIMORE, Md., September 20.
Poultry, alive —Spring chickens, pound,
25a31; Leghorns, 24a28; poor and thin,
18a20; old hens, 25a31: Leghorns, 21a
23: old roosters, I8a20: ducks, 20a23;
guinea fowls, each, 40a65; pigeons, pair,
25
Eggs—Receipts, 706 cases: native and
nearby firsts. 40a41; current receipts,
35a36; hennery whites, 48a50.
Bu tter —Good to fancy creamery,
pound, 42a47: ladles. 35a36: store pack
ed, 30a31; rolls, 31a32; process, 40a41. :
Vegetable Prices.
Potatoes, white, barrel, 1.50a4.50; 100
pounds. 2.75a3.25; sweet potatoes, bar
rel. 1.00a2.75: yams, barrel. 2.2aa2.30;
beets, 100. 3.00a4.00: beans, bushel, 60a
1 10; cabbage, hamper, 50a75: carrots,
100 4.00a5.00: celery, crate, 1.25a2.25;
corn, dozen, 20a30; cucumbers hamper,
75a1.00; eggplant, hamper, 25a35: let
tuce, crate. 2.50a4.25; lima beans, ham
per. 75a1.00; onions, 100 pounds, 1.75a
2.10: peppers, hamper, 25a35; peas,
crate, 5.50a6.00; squash, hamper. 15a
35; tomatoes, hamper, 30a50; canners
stock, bushel, 75a1.00; apples, bushel,
100a2.00; crab apples, basket, 60a85,
damsons, bushel, 2.00a2.50; cantaloupes,
hamper, 60a1.50; grapes, basket, 30a50;
peaches, bushel, 1.50a3.50; pears, bushel,
3.00a3.25.
Hay and Grain Prices.
Wheat—No. 2. red Winter, spot,
1.30%; No. 2 red Winter, garlicky, spot,
I. September delivery, 1.2&V2; No.
3, October delivery, 1.26‘A: red Winter,
garlicky, spot, 1.22.
Bag lots of nearby, none.
Cargoes on grade, none.
Corn —No. 2, export, September de
livery, no quotations; No. 2, domestic,
yellow, 1.20*1.21; cob corn. 6.00.
Oats —No. 2, white, domestic, spot,
87; No. 3, white domestic, spot, 56.
Rye—Nearby, 1.00a1.10.
Hay—Receipts, none: general hay
market is quiet. A little new hay is
arriving, but hardly enough upon which
to establish quotations by grades. Where
in good order, new hay sells at from
sl3 to sl6 per ton according to its
quality and condition. Receipts by
truck supply most requirements.
Straw—Demand for straw limited;
receipts light, but generally ample for
all trade wants. Wheat straw, No. 1,
per ton, A.OOalO.OO; oat straw. No. 1,
per ton, 9.00a10.00.
Live Stock .Market.
Cattle—Receipts, 2,200 head; good
supply, market steady. Steers, choice,
13.50a14.00; good, 12.50a13.25; medium,
11. common, 9.50a11.00. Heif
ers, choice, 11.50*12.00; good, 10.50*
11.00; medium, 9.00*11.00. Bulls,
choice stable, 9.50al0.00; fair to good.
8.00a9.00: common to medium, 7.00a
7.75. Cows, choice stable, 9.00a9.70;
lair to good, 8.00a8.75; common to
medium, 5.00a7.50.
Sheep and lambs —Receipts, .600
head; moderate supply, market steady.
Sheep, 2.00a6.50; lambs. 8.00a14.50.
Hogs—Receipts, 300 head: fair sup
ply. market spotty. Lights, 11.60;
heavies, 10.00a.ll.40: medium. 11.80;
roughs, 7.75a9.75; light pigs, lO.OO; pigs,
10.25.
Calves—Receipts, 100 head ; light sup
ply, market steady. Calves, 6.00a 16.00.
GRAIN MARKET.
CHICAGO, September 20 04*).—
Faced by the renewed enlargement of
domestic wheat arrivals at primary
centers, wheat prices today went de
cidely lower, especially in the late
dealings. Talk was current that re
ceipts were amounting dally to at least
200 cars more at various large terminals
than could be readily absorbed. Steps
are being taken to curtail receipts, but
pending progress in that direction the
wheat market l.ere finished at the
day's bottom level.
Wheat closed heavy, I*4 to I*4 under
yesterday’s close. Corn closed % to %
off, oats % to % down and provisions
unchanged to a setback of 5.
WHEAT— High. Low. Close.
September 1.30;, 1.29% 139%
& c rch b "I:”-* i:B*/, 1:8%
May 1-48% !•«% 1 - 47 «
September 1 J|2’« 1 Ql** 101*4
mSv 193% io«% 1.05
September -SK" -52’?
December *3-4 .53 *
March s**4 *o*4
September 102 1.01% 101%
December "I. JM% 108% 1.08%
May 1.16% 1.16% 1.16%
ocwbTr ».66 n. 52 n.»»
November ... ..... • J}-g7
December 17-85 11-77, 11-22
January H'eS }2?2 ii'ea
rib a— _ .jj*
September A 12-00
October 12.50
'FINANCIAL.
| NEW YORK CURB MARKET
Special Dispatch to The Star.
NEW YORK, September 20.—FoHow
ing is a list of stocks and bonds traded
in on the New York Curb Market today,
with the volume of sales and prices up
to and including the close of the market.
Sales in INDUSTRIALS,
hundreds. High Low. Cloae.
9 AcetOl Prod A 18% 18 18,2
1 Adams (J D) 35% 35% 15%
2 Aero Indust 21% 21.4 ** j*
8 Aero Sup Ml B 17% 1«%
1 Aero Underw 33 33 31
1 Agfa Ansco 33% 33% 3*Va
1 Ainsworth Mfg 47 47 57
1 Air Inv vtc ’14% *J% JJ 4
7 Alrstocks vtc......... 51 49 «
3 Allen Mia Co pfd.... 30 29% 2* 4
2 Allen Mfg B 12% 12 13
2 Allied Aviation 12% 12% }? 3 *
5 Allis Chalmers n 76 74% 75 «
39 Allied PA L 81% 81 81/1
2 Allied PSt L Ist pfd. 78 , 77% 78
5 Allison Dr A 2% 2% 2 %
2 Allison Dr B 1% »% ,1 4
1 Alpha Port Cem 33 33 32
1 Alum Goods Mfg 29% 29w 29 *
2 Alum IndUSt 43% 42% «
1 Alum Ltd 261 261 261
2Am A For Pow war.. 170 183 io»
1 Amer Arch C 0....... 37 37
2Am Brt A Cont Corp 17% 17 *7%
14 Amer Cities PAL 8.. 46% 44»« «,*
4Am Commonw P A.. 28% 28% 28 4
5Am Commonw P 8., 46% 48% 4J.t
13 Am Comw P optl war 8% 8% »%
lAm C P optl war s7d 8 8 ■
41 Am Cyanamid B 66% 83 a « «
2Am Dept Stores I°s? * 2
30 Amer Eauities. 3** -ngi 4
3 Amer Gas * *1 212% 208% 308 /.
475 Amer Inve.tor. 8... 42% 37 a *•*
64 Amer Invest war. ... 24% 22
1% Amer Laund Mach. . *7% 97 ”,
1% Amer Lt A Trac.... 333% 327 -a 3*7 2
4 Amer Nat Gaa i«% J*’'* Jg 1
1 Amer Phentx. g® 2?
lAm Salamandra 85 w •
lAm Scottish 1nv..., 27% 27. /<,.
52 Am sta P 8 A 28 4 38.»
543 Am Superpower. ... 6.2 »*
5 Am S A C P Pi n 39 3*
2 Amer guperp Ist pf 98. *■,* j, 4
2 Amer Thread pf.... 30 4 30 ,,
2 Amer Yvette • • •■ • 30 . 30
6 Anchor Post Pen n 21 4 21 1 3gl>
1 Anglo Chll Nltra... 36% sop 3-.11,
4 Apex El Mfg 32% 29 t . g',*
1 Apponaug Co *7. 00. 3Jlj
1 Arizona Power •••• 33 <2 *3 2 2 2%
43 Ark Natl Gas. . 22 . 32 «
404 Ark Natl Gaa A ... 22% 2Z.
2Asso Elec 2nd........ . B |, 4 70
325 Aaso Gas A El A 70-a 4
54 Aaso GA E deb rts.. 25 a 25 25
4 Aaso Rayon pfd 55 as •
2 Atl Fruit A Sug .J* n i‘
3 Auto Vot Mach -12 11% **,J
3 Auto Vot M evt pr pt 23% 22 2 22 .
7 Aviation Co of Am.. 53 . 53 .
10 Aviation Credit 16% 15 *jj •
4 Aviation Sec 30% 29 W
% Babcock A Wilcox xd 129 128 126
% Bell T fan xd 168 168 168
16 Bell T Can rts 7% ’ -L*
lßlaw Knox 61% JO’ 2 «0*
1 Bliss E W 44% 43 43 2
87 Blue Ridge evt pfd.. 45% 44 4 44 4
55 Braz Tr LA P J 5% 64% gg,
1 Bridgept Gas L 59% 59 2 M
-2 Bridegpt Mach 4% Y 4 o
1 Brill Corp 8......... » ®,
2 Brit-Celanese Ltd •% * *
lßudd Edw 23% 33% 33%
4 Budd Wheel rta 3% 3% 3*4
1 Bus N A E P Pf 21% 24% 24%
12 Bulova Watch 27% 37 37 4
1 Bulova Watch Pfd ... 44 44 44
1 Burma Cor 4% 4 • 4%
1 Butler Bros 31% 30% 30.
4 Burco wi }7% 16 4 17 4
2 Cable Rad Tube vtc. 14 13*. 14
15 Burco cv pf wi 45% 45 45
1 Cable A Wireless A . 4 4 4
34 Burco war wi 8 8% 8
13 Cables A Wireless B . 3% 3% 3 a
10 Cables A Wireless pf 4% 4% 4%
2 Cables A Wire B cash 4 4 ♦
80 Can Marconi W 7% 7% 7 •
23 Capital Admin A ... 75 71% 74 a
1 Capital Adm A pfd.. 38% 38% 38%
1 Carman A CO A 25 25 25
1 Carnation Co U 47% 4,‘/» 47%
1 Caterpil Tract 80 80 80
4 Celan Cor Am ..... 33 32% 32%
1 Celan C Am n pfd.... 90 90 90
2 Celan CAm 1 pfd .. 89% 89% 89%
3, Cen Atl Sta Ser vtc.. 17% 17% 17%
1 Cent A Southw Ut .. . 165 166 165
18 Cent A Southw Ut n 39% 31*. 39%
2 Cen A South Ut rts. 6% 6% 6%
31 Cen Pub S Arts .... 3% 3% 3%
2 Cent Pip Cor 8% 8% 8%
13 Cent Pub 8 A 55% 55% 55%
15 Cent States El n 77 76 ,7
1 Cent Sta El conv pfd 396 396 398
2 Cen Sta El conv pf n 197 195 195
1 Cen Sta Ed pfd ww.. 83% 83% 83%
2 Chain Store Stock ... 40 39% 39%
530 Cities Ser n 55% 54% 55%
1 Cit Ser N s 7 d 54 54 54
1 Cities Ser pfd 94% 94% 94%
1 Cities Ser B pfd 9 9 9
24 Chic & Northw rts. 4% 3’. S’.
9 Clark Equip 62% 62 62%
1 Clark Lighter A 9 9 9
2Cleve Elec 111 107 106 106
8 Cleve Tract 26% 26 28%
2 Club Alum Uten 6 8 6
1 Cohn-Hall Marx 62 61 62
1 Cola Palmol P 68% 68% 68%
8 Columbia Pictures 33% 32% 33%
17 Commercial Inv Tr wt 79% 78% 79%
2 Commonwlth Ed 384% 381 *84%
1 Commonw P pfd. 102 101% 102
24 Commonw Uti! 8.... 47% 45% 47%
219 Commonw A 50u.... 23% 23 23%
124 commonw Sr S opt w 9% 9% 9%
252 Commerc.al Solv wi.. 87*. 64 67
4 Cons Aircraft 29V. 26 26
606 Cons Auto Mer vtc.. 1% 1% 1%
4 Coni Auto Mer pfd. 10% 10 10
1 Consol Dairy P 34% 34 14
4 Consol Gas Bal D... 138% 138 138
5 Cons Gas Util A 36 35% 557,
4 Consol Inatru 18% 18 18
17 Consol Laund 15 15 15
1 Conti Sec 95 94% 95
82 Corroon Si R 41% 38% *?,'•
10 Corroon Si R pfd A. 123 114% J?' 4 *
1 Corro ARpfA s 7 d 117 117 117
4% Crocker Wheeler ...649 601 601
1 crosae A Black pf.. 43% 43% 43%
1 Curtis Peld Air pf.. 23 23 23
69 Crocker Sheel n wi.. 70 63 65
1 Curtis Mfg xd 29 29 29
2 Crowley Milner 44% 44% 44%
2 Curtiss Flying Serv.. 20 20 20
11 Curtiss-Wrlght war. 9% 9ya 9%
1 Daniel Reeves 38 38 38
9 Davenport Hos 27% 25% 2 .*»
11 Dayton Air 46% 46% 46%
J*. Deere A Co 611% 800 611
36 De ror R C 17% 17% 17%
2De Haviland A n.. 9% 8% 8%
IDe Haviland A old 8% 8% 8%
15 Detroit Air 16% 16 16%
2 Dictograph Prod. .. 11% 11% 11%
22 Dinkier Hot A WW.. 35% 34V. 34%
3 Dixie Gaa A Util.. 25% 24% 24%
% Dixon tJi Crucible. 175 175 175
2 Doehler Die C C.... 36V, 36% 36%
2 Douglas Aircraft .. 27% 27 27
9 Dubilier C A R.... 16% 15*4 16%
>s Duke Pow 274% 273i 2 274%
12 Durant Mot 9Va 8% 8%
6 Duke rta 17% 18% 17%
11 Earl Radio 8 7% 7%
3 East States Pow B 63 1 /* 63% 63%
8 East G A F Assn.. 50% 50*. 50%
158 Elsler Elec 32% 30% 31
827 El Bond A Sh 186% 181% 184%
1 El Bond A Sh Pf.. 105% 105% 105%
14 El Invest Inc 392% 285% 290%
10 El Invest Inc pf.... 101 100 100%
lEI P A L optl war.. 59 59 59
9 Elec Pow Asso 89% 88 89%
17 Elec Pow Asso A 86 84 84%
12 Elec Sharehold 52% 51 52%
2 Elec Sharehold pfd . 132% 131 131
3 Employers Relnsur .. 32 1 /, 31% 32%
18 Em Pow Cor 58% 56% 56%
1 Emp Steel 37% 27% 27%
lEIP Sr L 2nd pfd A.. 101 101 101
2 Evans Wall Lead 18% 17% 17%
1 Fageol Mot 5 5 5
2 Fairchild Avia A .. 9 8% 8
4 Fandango Corp A .. 1% 1% 1%
17 Fansteel prod 18% 18% 18%
1 Fedders Mfg A .... 28% 28% 28%
2 Fed Metals 37% 37% 37%
11 Fed Screw 3.50 ex .. 71% <l,.
6 Ferro Enamel A xd,. 64 63|/a 64
2 Flat Deb rts 6% 6% 6%
13 Flat Rets 24% 23% 23%
21 Finan Invest N Y... 2,% art‘/» Ji %
2 Fire As Phila 48. 47 48
1 Fireman Fund Ins .. 111% 111% 1113a
3 Firestone Tire 223 220 220_
2 Flor P A L7s pfd.... 43% 43V,
4 Fokker Airp Am .. 46% 45V, 45 %
2 Ford Mot Co Fr .. 11 10% 11
6 Ford Mot Co Can A n 43> 42% 43%
33 Ford Mot Ltd 18%
7 Foremost Dairy 19 17% 17%
3 Torhan Co A 34% 32 34
1 Founda For A 10 10 10
57 Fourth Nat Inv wi.. 56% 55% 56
21 Fox Theaters A .... 27% 27 27%
larourth Nat Inv ljr 58' 2 S 8 58’ig
2 Oarlock Pkf 31% 31*4 31%
8 Gen Am Inv n 38% 38% 28%
62 Gen Am Inv pfd 111 111 111
45 Gen Bak . «% «% 6'/a
2 Oen Bale pfd 67 JMJVa 87
3 Gen Cable war 40 39 40
5 Gen Elec Ltd reg... 14 13% 13**
25 Gen' Empire 36 36 35
1 Oen Flreprfg n.. 39’,s 397, 39*/,
5 Oen Indst Alcohol vtc 30 30 30
lOen Laun Ma 30 20 20
13 Oen Real & Util Cor 36% 35% 36%
4 Oen Re & U Co pf xd 116% 114% 114%
123 OenTheatre Equip 64% 62% 82%
1 Gen Thea Eq vtc s7d 62 62 82
1 Gilbert pfd 45 45 45
11 Glen Alden Coal 131% 131% 131%
2 Globe Underwriter.. 34 24 24
28 Gold Seal Elec 17 15% 16%
21 Godchaux B 37% 35V, 36%
43 Goldman Sachs ....118% 116% 117
1 Goldman Sachs s7d.. 117'/, m% 117%
6 Gotham Knitbac Mac 5% 5% 8%
1 Grand Rapid Var... 16 16 18
5 Great Lakes Steel pf 108 100% 104
llGraymur 08 87V, 87%
%Gr A&P T C pfd.... 115% 115% 116%
V, Or A&PT C n vtc.... 352 352 *62
lGreenf Tap Si Die.. 21 31 31
3 Grocery Store Pr vtc 16% 16 16
7 Ground Grip Shoe.. 46% 46 46
8 Guardian Fire 02 86% 82
1 Hall Printing 38 28 38
1 Handley Pr pfd 4% 4% 4%
2 Happln C St A 3% 2% 3%
12 Hartman Tob 38% 27% 28
148 Haygart Corp 73 71 71%
1 Hazeltine Corp ..... 50 50 50
2 Hercules Motor xd... 35% 36% 35%
20 Hiram Walk GA W n 16% 16% 18
1 Hood Rubber 35% 35% 35%
1 Horme) O Co 58 56 58
3 Horn A Hard.... 64 63% 84
36 Hydro Elec Sec 81% 80 80
7 Hygrade Food Prod.. 39% 38% 29%
2 Imp Chemical 7% 7% 7%
3 Indus Finance ctf... 36% 35% 35%
42 Insull Util 115 109 113
2 Insur Co N A 88% 86 88%
4 Inaur Secur 28% 38 38
18 Insur Shares A 22% 22% 227,
2 Intercoast Trading.. 32 31 31
2 Inti Prod 8% 8% 8%
1 Inti Prod pfd 76% 78% 78%
6 Inti Bas Raz B 27% 26 27%
16 Inti Superpower 80% 90 90
7 Inti Superpower rets. 3% 3% 3%
Vs Inti Project ur 64 64 64
14 Intern Util B 18% 17% 17%
7 Interstate Eq 19% 19% 19*/,
10 Interstate Eq pfd.... 88% 65 BS%
1 Interstate Eq 57d... 65 65 65
6lnterstate Hosiery... 25% 24% 25%
4 Irving Air Chute 26% 26 36
8 Ifal Superpow A 30% 19 29%
itasßsr.ff.s;;; !«u :i>. s*
THE EVENING- STAR, WASHINGTON, P. 0., FRIDAY, SEPTEMBER 20, 1929,
3 Ken-Rad Tube A L.. 35 24% 34%
1 Kobackcr Stores .... 47% 47% 47%
6 Kolster-Brandes .... *% 3%
1} Lackawan 8k 88% 38% 38%
1 Laka Superior C 20 30 30
6Lane Bryant 85% 84 85%
7 Lazarus 38 35 38
1 Lefrourt Real 31 21 31
3 Lehigh Coal A Nariga 160 160,, 1M
44 Lehman Corp 132 124% 125%
1 Lemer stores #7 67,, 67
2 Ley Fred T 80% 50% 58%
3 Libby McN A L n... 18% 17% 17%
2 Lily Tulip Cup »% 23% M%
1 Long Island Light... 83% 83% 82%
1 Ludwig Baum 21 31 31
6 MaeMarr Stores 40% 40 40
1 Marconi Inti Mar 13% I*% IJ%
4 Marlon Steam Bhov.. 24 23% 23%
* Mavis Bottling 2% 2V* 2%
3 Mayflower Aaan 9S 9" 97
1 McCord R B Cfs.... 28 28 28
68 Memphis Natl Gat.. 21 20 20%
1 Mercantile 84 90 90 80
lOMerch Mfg Sec A... 38% 34 35%
3 Merritt Chap A 8... 31% 31% 31%
1 Mer Chap A 8 pfd.. 96% 95% 95*«
2 Meaabi Iron 2% 2% 2 S
1 Metro Chain Strs ... 75V, 75Vii 75‘a
3 Metal A Min xd... 19% 19% 19%
3 Mid) Royalty ert pfd 27% 27V, 27>,
1 Midi St 1 Frod 112 112 112
1 Midvale Co 55 55 55
» Mid West Util 515 486 , 504
Mid West Util n 48% 447, 46%
44 Mid W Ut rts 65% 59 82
4% Mid W Util 7s pfd.. 186 180% 188
1 Mid WU 6s pf non-Pt 170% 170% 170%
2 Mid W Util new pfd 139 127 127
4 Mllgrlm A Bros 13% 13% 13%
1 Mid W U 6s pfd rts. 60 60 80
1 Mid W Util pr lien. 190 190 190
3 Mid W Util pfd rts. IS 13, 18
150 Missouri Kans Plpel 35% 34% 34%
1 Mock J V 34V, 34V, 34%
'- Moh Hud P 1 pfd... 103% 103% 103%
2 Montecat deb rts 3% 2% 2%
3 Moodr Inv Serv p pfd 50% 50 M
3 Moore Drop Porg A.. 68 68 68
2 Municipal Serv ...... 20% 20 20
2 Murphy O C 103 103% 103
1 Nathan Straus 23% 22% 22%
10 Nat Am Co 19% 18 18%
10 Nat Aviation 50 47% 47%
2 Natl Container 32% 32% 32%
1 Natl Container pfd... 33 33 33
8 Nat El POW A 49 45 49
1 Natl Fam Strs 30% 30% 30%
101 Nat Investors new... 64% 81 62%
1 Nat Food Prod A.... 28% 28% 28%
1 Nat Food Prod 8.... 9 8% 9
2 Nat Investors 363% 360% 363%
15 Nat Investors pfd 152% 146% 149%
2 Nat Un Rad 39 37% 87%
2 Nat Mfg A Stores 277a 26 37%
1 Nat Pub Ser A 38 38 38
1 Nat Theater Sup.... 44% 44% 44%
5 Nauheim Pharm .... 20 20 20
3 Neht Corp 24% 24V, 24%
1 Newberry J J xd.... 91 91 91
18 Newport Co n 51% 50% 51
5 N Y Auct 20 20 20
118 N Y Invest war 197a 15% 15%
83 N Y Invest 487, 46% 47%
1 New York Merch ... 35% 357, 35%
8 N Y Rio Si Bu Air... 17% 17 17
136 Nlag Hud Pow 25 24% 247,
25 Nias Hud P A war... 8 7% 8
19 Nlag Hud P B war... 19% . 19 19
6 Niagara Shares 65% 64% 65%
2 Niles Bern Pnd 49 45% 45%
3 Noma Vlec 23% 22% 22‘,
14 Nor Am Aviation ... 117, 11'* 11%
1 Nor Amer L A P.... 69 69 69
6 Nor Bta P A 296 295 295
2 Northern War pfd.... 40’, 39% 40%
2 Northwest Engrg.... 30 30 30
1 Novadel Agne 23*2 23% 23%
7 011 Stocks A 15 14% 14%
3 outborra Motors 8.. 107 i # 10% 10*,
2Psc OA I P rts.... 6% 6 6*.
30Psc GA E A rets ... 3% 3 3%
18 Pac Pub Ser A 34 31 34
SParam Cab Mfg xd.. 22% 21 217«
4 Parke Davis Co 51 50 50
2 Patterson Sargent.... 31% 38% 38%
2 J C Penney A Co 113>« 112 112
7, J C Fenner pfd 95*, 94*4 95*,
6 Penn O A El A 25 22% 25
», Penn O Ed fi pfd... 91% 91% 91%
1 Penn OEd p pfd 103 103 103
93 Pennroad Corp vtc... 24% 24% 24%
1 Pennrd Coro vtc *7d. 24% 24% 24%
8 Peop Drug Store* 90 89 89
5 Peop Lt A Po Corp A 5' % 51 % 51 %
7, Pepperell Mfg 105 105 105
7* Penn Salt 110 110 110
4 Perryman Elec 22% 20 20
66 Petrol Corp Ist pfd.. 257, 25% 257,
9 Philip Morris 17, 1
1 Philippe (Louis) 8.... 25 35 25
1 Pick Barth A Co pfd. 10 10 10
2 Pilot Radio Tu A xd 287, 28% 28*,
3 Pitney Bowes P 35% 24% 25%
% Pitts A L E 146% 146 146
3 Polymet Mfg xd 90% 89% 89%
1 Portl El POW 657, 657, 65 7,
22 Powdrell St Alex 120% 117*, 118’,
174 Prince Si Whitely... 13% 137, 13*,
24 Prince A Whitely pfd 50 50 50
1 Pratt A Lamb 72% 73% 73 7i
11? Prudential Inv 40% 37% 39V,
1 Pyrene Mfg 8% 87, 8%
5 Railway Lt Sec 108 1077, 107%
31 Rainbow Lum PA... 35’, 34 35%
226 Rainbow Lum P 8... 18*, 16*, 18%
7 Radio Prod Corp ... 38% 36% 367%
1 Reliable Stores Coip. 26% 267, 26%
5 Reliance Brass A Stl 22*, 227, 227,
4 Reliance Management 56 55 55*,
2 Repetti Candy 1% 1% 1%
29 Reynolds Bro* Inc... 16’, 15% 15%
29 Rike Kumler Co 43% 41*, 42
10 Rockland LAP Trust 34% 337, 34%
2 Rich Rgdio 5% 57, 57,
1 Rolls Royce Ltd 12 12 12
2 Root Rfg Cv pr pfd. 25% 357', 25%
1 Ryerson 45 45 45
% Safew Strs 3 war.... 530 530 520
28t Regis Paper xr... 160 158% 158%
1 St Regis Paper pfd.. 103103% 103%
2 Schlff Co 48** 48% 49%
46 Stregls Paper rta 3% 3% 3%
2 Schulte Real Kst 157', 15** 15</«
33 Schulte Un se-81 Str. 57* 4% 5
20 Segal Lock A Hdw... 13% 12% 127,
60 Selected Indus Inc... 36% 25% 36
5 Select Indus Inc pfd. 64% 64 84*«
23Selee Ind Inc Ist pfd 99% 99% 59%
136 Sentry Safety Control 19% 18 18%
8 Sharp A Dohme 28** 287', 28%
2 Shawinigan WAP.. 102% 102% 102%
57 Shenandoah Corp 33% 32% 32%
1 Shenandoah Corp a7d 32*, 32% 3?%
34 Bhenan Corp evt pfd 52 50*, 50*,
3 Sheaffer Pen 64% 64 64
93 Sherwin Wms Co xd. 93 93 93
172 Sierra Pac E 217 i 19% 20%
1 Sikorsky Avtatioc.... 44 44 44
3 Silica Oel etfs 32 32 32
3 R P A Dohme UR... 28% 28% 28%
BSisto Finan 53% 53 53
7,Bioux City G A K pfd 97V, 97>% 97%
2 Skinner Organ 92*4 92 92%
3 Sonatron T 31 3074 31
3 Southeast P A L 1187a 116% 118%
48 Sonora Prod Corp.... 4 3% 3%
2 Southe PAL war... 70 69 70
1 Bou CEB pfd 25 25 25
1 Sou PAL War* slsd 70 70 70
*2BOll City Ut pfd 827', *2% 82*4
172 South Coro 2174 19*4 21
5 Southern Ice A U 8.. 874 8 6
2 Southland Royalty... 16% 16 16%
22 Southw Dairy Prod... 24V, 23% 23%
1 Southw Dairy Pr pfd 92 92 92
3 Southw Gas Util 17% 17*/« 17*4
6 Southw Str* 2% 1% 1%
1 Souare Co B 56 56 56
1 Stand Inv pfd 100*4 100*4 100%
1 Stand Mot 2% 2*4 2*4
5 Stand Pow ALt 165 162 163%
2 Stand Bteel Prop.... 45% 43% 43%
9 Starrett Corp 43 42*4 43
1 Starrett <L 81 43 43 43
3 Stand 8t Prop cod 44*% 44 74 44%
1 Bteln A Co 31 31 31
6 Stein Cosmetics 20% 20*4 20%
3 Stern Bros A 10 10 10
2 Strauss Roth 25*4 25 25"4
4* Sun Invest C 0....... 34*4 32 % 34*4
18 Sun Invest Pfd 52*/, 49% 52%
BStutz Mot 1374 13*.4 13%
7* Superheat Co 190 190 190
1 Sun Invest Co alOd.. 33 33 33
3 Swift Inti 3474 34*4 3414
1 Swift A Co 139*4 139*4 139*4
Cor P 43 42*4 43
54 Tampa El 100 97 98*4
2 Thermoid 32% 3274 32%
2 Thermoid pfd 98*4 97% 98%
4 Third Natl Inv 72 70% 72
1 Thomps Starrett 17% 187, 17
3 Thomps Btarrett pfd. 42 40% 40%
*.* Timken De Ax pfd. .. 108*4 108»« 108%
3 Tishman Realty kC. 62 62 62
1 Tob A Allied 8 42 42 42
5 Tob Prod Export 2 2 2
11 Trans Am 182 160*4 161
21 Trans Am n 85*4 85 % 85%
20 Transcon Air Trsp.. 20% 20 20
2 Transc Air Trsp vtc 17 18% 16*4
17 Tr Lux D L P S A 1374 1374 13*4
,22 Jr} Cont All units 101% 101% 101%
138 Tri Cont Corp 50 47% 48%
3 Tr! cont Corp pf., 109 108% 109
lOTrl Utilities 59% 58 5974
3 Triplex Safe Ol Ltd 12 11 11
1 Trum Pork Stores. 35% *B% 38%
74 Tub! Art 8 B 350% 350 350
1 Tung Sol Lamp 42 42 42
7 Ulen 3274 32 3274
10 Union Carbide pf.. 107% 10774 107*4
1 Union N G Can.... 40 40 40
1 Union Tobicco .... 3% 3% 3%
231 Union Carbide its.. 4% 4 474
2 Union Tob cod 77 7
12 TTnl Carbon pfd 108 10774 103
2 Uni Car Fastener. 21% 21>/« 21 Vi
6 Uni Carbon rts 6 6 6
• Uni Chem pt pfd 41 *O% 41
104 Uni Corp war 42*4 40% 40*4
5 Uni Drrdock 14% 13*/, 13*4
5 Uni Elec Bond rts.. 174 l*/s 17s
1117 Uni Oar Co 46% 437, 47%
6 Uni G Imp C 398 3937a 394
232 Uni O Imp C rta.... 37, 3.7, 3,*,
mum Lt & P A...... 53% 51% 52
2 Uni L A P evt pii.. 115% 114% 116%
3 Uni Milk 107 s 10% 10%
1 Uni Pft Shar 5 6 5
1U 8 Financial Corp. 17% 17% 17%
2U 8 A Inti Sec 2d pd. 90% 90 90%
2 Uni Reproducers 8.. 9% 9% 9%
2 U 8 Dairy A 80 597, 80
1 U 8 Dairy B 23 23 23
1 O 8 Finish n 47 47 47
10 U S Foil B 8274 61*4 81*4
7U 8 Gypsum 87% 86% 8674
SU S Lines pfd 17% 17% 1774
1 U S Rub Reel 18*4 18% 187,
2 United Btores 21*, 20 21*4
3 Uni Stores pfd 7174 6874 70%
15 Util Equities 37 36V, 367,
35 Util A Ind 50*4 49V, 49%
10 Util A Ind pfd 63% 50V, 52%
2 Util P A L ctf B 76*4 74 76*4
84 Util PAL 33% 327 s 33%
11 Van C Pkg 32% 23 33%
6 Van C Pka Pfd xd... 23% 31*4 23%
1 Veeder Roat 49% 49% 49%
3 Vick Fin 1474 14% 14%
4 Walgreen 98V, 97% 97%
1 Wayne Pump 227, 22% 327,
1 West Auto Sup A 67 67 67
1 Williams <R C) A Co 24*4 2474 34*4
7 Wil Low Caf 1474 13 14%
30 Zonlte 33*4 31% 32V,
20 Bwanna M Kubwa .. 7*4 3’/, 3*4
1 Aria Globe C 74 % V,
4Carnegie Metals .... 17 16% 16%
11 Com Tun A Dr n 1 % II
10 Cons Cop Mines.... 9% 9*4 9%
2 Cresson Con Gold .. 74 74 74
1 Falcon Lead Mfn —. V, 74 %
2 First Natl Cop .... 18 16 16
15 Gold Coin ;... J 4 A .>•
2 Golden Center M .. 7% 7V, 7%
103 Ooldfld Cons */« % ,74
1 Hecla Min 17 17 17
3 Hud Bay Min A Bm. 17% 17% 17%
8 Newmont Mining 332 221 224
nWSUgFawra— J t§ «l
fffiSUST'gSB.Sr::: IK iiS IK
STeck Hughea.... * 6% 6
50Tonopah Belmont.... % % V 4
6 Uni Verde Ext IJ,, 16% 17
2 Unity Gold i% 1% 1%
2 Wendon Cop 11 1
5 Yukon Gold H 74 II
At.
Sale* In INDEPENDENT OIL STOCKS,
hundred*.
4Am Con Ollfld* A % .1*
HAm Marscalbo C 0.... 1% 8% 8%
3 Argo Oil 1% 1%
acarlb Srnd 9% 9% 3%
a colon oil * a. *
1 Columbia Brnd % % %
1 Cons Koyaliy 5% 8% »%
29 Creole Pete 9% 8% fJi
ia Crown Cent Pet# IV« I'/. 1%
10 Darby Pete 12 11% 11}*
a Derby O A Rtf 76% 8%
30 Oulf Oil Pa lNti lNji 199%
2 Homaokla OH I’< l}»
« Houiton Oulf 0a*.... 90% 19% If’/*
10 Intereont Pet 1% 1% IJ*
a Kirby Pet 3 3}. 9%
11 Leonard Oil 4% 4% 4%
10 Lone Star O Del n... Uli 63% #♦%
1 Mexico Ohio 3 3 }
2 Mount Prod 11% 11% 11%
9 Nat Fuel Oa* 42% 41% 41%
35 Pec Western Oil 24% 34 34%
1 Pandem Oil % % .%
19 Pantepee Oil IV* S'.'« S'«
1 Plymouth Oil 38% 38% 28%
8 Reiter-Foster Oil ... 4% 4% 4%
2 Salt Creek Con* 3 3 3
9 Salt Creek Prod 14% 14 14
asunray 9 9 9
1 Venesuelan Pet 3% 3% 3%
Sales In STANDARD OIL ISSUES AND
unit*. FORMER SUBSIDIARIES—STOCKS
300 Conti Oil 19 V* 18% !•%
80 Cumberland PL 63 82 82
500 Oal Slg Oil 8% 8% .8%
400 Humble O A R 130% 119% 119%
150 Illinois P L 308 % 305 308%
1800 Imp O Can n 38% 37% 37%
1800 Inter Pet Ltd 27% 28% 38%
100 Nat Transit 31% 31% 31%
I*oo Ohio Oil , 77% 77 77
100 South Penn 6 49% 49% 49%
10 Southern P L 30% 30% 20%
10200 8 O Indiana 88% 88 68%
400 S O Kansas 34% 34% 34%
19900 SO Kentucky n 43% 39’,* 42
600 8 O Nebraaka 47% 47 % 47%
2300 Vacuum OH 131 130% 130%
Sale* In
thouaanda. BONDS.
1 Allied Pk 8* ’39 81 81 81
36 Alum Co Amer 8a 'B3 101 101 101
IS Am Com 6a '44.... 116% 118% 110%
81 Am Oat A El 8a 2020 02 91% 91%
26 Am P k Lt 8* 2016 104 lOtVa 103%
3Am Rad 4%s '47.... 96 9# 96
3Am Roll Mill 8a '4O 91 94% 04%
3 Appal El Pow 8* 'B6 94% 04% 04%
23 Ark P k L 8f '86.. 04 93 % 94
3 Arnold Pr Wka 8a '4l 93% 91% 91%
1 Asao Dye k Pr fa '39 69% 09% 09%
3 Alto ORE 4%* '4O 199% 199% 199%
8 Asao O k E B%s ’77 138 134 114
2 At OAK 4%s -48 ww 138 137% 137%
BAt Sim Hrd 6%* '33 *6% 88% 86%
104 A* Tel Ut B%a 44 C 134 119 110
6 Asao Oas k El ur..138 130 1)0
19 Asao Tel Util »7d..ISS 138 111
8 Bate* V*l Bac 6* '42 108 108 108
10 Bell T Can 8* A 55 100 100 100
10 Bell T Can 8s B 'B7 100 100 100
1 Can Nat Ry 7* E '35 108 108 108
38 Cap Admin Co 5* 'S3 123 120 131%
21 Cap Admin Co *7d 121 119 121
23 Cent Sta El 8a '4B 03% 02 82%
1 Cent Bta PAL 5%a 53 07% 07% 07%
36 Cent Sta El 5%* 54. 09% 99% 99%
198 Chi A NW R 4%s '4B. 110% 100% 109%
4 Child* 5* '33 84 84 84
1 Clg St R H 5%s '4B . 88 86 88
8 Clt Serv Sa '66 83% 82% 82%
licit Serr Oas B%a '42 87% 88% 86*4
6 Clt Ser O P 6a '43... 03% 03V* 03'a
14 Clt Serv Pow B%( 62 93 03 % 03%
SCI Term Bldg 8a '4l. 04% 04 04V«
3 Conti OAE 8* A ‘BB . 03% S 3 03
3 Cudahy 5%g '37 93% 93% 93%
Ift Det City O »7d 96 96 98
8 Det City O 5s B 'SO. 98% 96% 96%
9 Det Inti 6%* '53.... 05 85 85
15 Dlx Oulf O B%* A '37 76 73% 78
1 El Pago N O #%• 10. 11l 111 111
9Em O A R S%» '43.. *7 86% 87
1 red Bug 8a '33 88 88 06
1 Fed Water 8 B%* 'B4 109% 102% 102%
9FI rest Cot Mil 6a '4O 90 00 % 90 %
1 Pireat TARS* '42. 92',« 02% 92%
4 Flak Tire 5%* '11... 75 74 74
iriaPkLSl '54.... 84 84 84
3 Garlock Pack 0* '38.. 11l 111 111
9 Oatlneau Pow 6i '4l. 98 98 98
8 Oen Am I 5* A ww 'sl 81 81 81
1 Oen Rayon 8* ’40... 78 78 78
80 Oen Theater* 8* '44. 168 182 164
4 Oen Vend 6s ’37..... 40 40 40
12 Gen The»ter* s 7 d.. 183 181 161
23 Georgia Pow 5e ’87.. #J% 94 94
2 Grand Trunk 6%* 36 104% 10J% 104 V«
2 Ground Grlppr 8h ur 108 108 108
22 Ground Grip 8 8* 44 105% 105% iSS’ 4
3 Gulf Oil Pa 8* '37... 98 98 98
9 Gulf Oil Pa 5* '47... 99% 99% 99%
1 Houston G O B's* 43 77 77 77
2 Houston O G 6* A 43 78 75 75
4 Hygrade Pood is '37. 99% 99% *•%
7 Hygrade Food ur. ... 100 100 100
31 Ind O & G 8* '3r 107% 108% 108%
17 Ind P A L 5* A '57. 95% 95% 98%
38 Ind O A G » 7 d . . 106% 105% 106%
1 Inti Pow S 7* * ’B7. 94% 94% 94%
5 Interst N G 6s '3B ww 101% 101% I«'%
6 Invest Corp Am *7d.. 128 138 138
31 Inv Co Am 5s A 47. 128 128 128
13 In C Am 8s A '47 ww 77 77 77
31 Inv Equity 5s A 47.. 78 72 78
7 lowa N LAP 8S A 57 89 89 89
9 Kop G A Coke 8a 47 95'/* 98*. **l^
13 Lehish P 6* A 3028 . 102’* 102<a 102’*
2 Lone Star Oas 5s 42 94 94 94
10 Manitoba P,5%* A ’sl 97% 98 97%
10 Mass Gas 5%s '4B ... 100% 100% 100%
14 McCord Rad 8s '43 . 99 98% 99
33 Memphis N O 6si '43. 99% 98% 99%
1 Met X C P 4%S D 'BB 93 % 93% OS's
3 Minn PAL 4%» '78... 88 88 85
4 MISS Riv Fuel 6* ,44114 114 114
1 Morris ACo 7%s '3B 100 100 100
4 Munson 88 L B%s 37 11*. U!,, l i?.,
4 NarriK 5s *57 M 2 90 2 W'/a
7 Nat PA L 8s A 3038. 103'* 103% 102%
45 Nat Pub Berv 8s ’7l. 78 74% 78
1 Nelsner Realty 8* 48. 101% 101% 101/4
19 NVP k L 4%» '07.. 91% 91 #l%
3 No/ Texas l Ut?l* 7s ’3B 104% 101% 104%
3 Ohio Pow 4%s D 'SB . 90% 90% 90%
8 Ohio Pow Ss '52 8... 98 98 98
1 Osaood Co 8s ’18..... 98 96 96
14Pac O k E 4%S E ’B7 92 91 91%
2 Parmelee Trans 6s 44 90 90 90
12 Penn D k W 6s '49. 98 98 98
SPOE 8s A ’SO ww 101 100 100
17 Penn O E B%s ’B9 B 90% 90 00
6 Peoples Lt A P 5s ’79 90% 90% 90%
2 Phila E P 5%s ’72... 104% 104% 104'*
33 Phlla R*P Tr 8* '82.. 82 80 82
6 Pitts Co»l 6s '49 91 90 91
12 Poor ACo 6s '39 114% 114 114
)5 Reliance BAB 6* '44 103 102% 102%
24 Rel Mania 6s 54 A. 108% 107% 107%
8 Rel Manag t 7 d.... 108 108 108
18 Roch Cen Po 5s A '53 82% 82 82%
5 Roch Cen Pol 7 4 .. 81% 81% 81%
11 Sen Ant PB6s B 'SB 88% 89% 89%
10 Shell U Oil Cor 5s '49 100% 100 100
31 Schulte R Est <s 35x 80 80 80
6 Shaw WAP 4%s A 'B7 90 90 00
1 Silica Gel •%* '33 .. 103 103 103
16 Snider Pack 6s '32... 85% 8) 83
5 So PAL 8s A '2B s 7 d 103% 102% 103%
31 Southe PAL 6s A 3035 103 102% 102%
3 Sou Cal Ed 8* '44... 99 99 99
8 Sou Cal Ed 5s ’sl ... 98% 88% 98%
13 Sou Cal Ed Si ’B3 .. 100 98% 100
2 Sou Natu Oas 85’44.. 98% 98% 98%
5 South Cal O 5s ’37.. 91% 91 91%
18 Southw PAL 6s A 2022 103% 103 103
5 Southw D Pr 6%s ’3O 96% 96% 96%
8 Staley Mfg 6s '43 .. 98% 98% 98%
38 Stand Invest 6%s 39. 100% 100% 10O'*
4 Stand PALS* '57.. 97 96% 98%
8 Sun Maid Ra 6%* ’43 82Va 82 82
3 Swift A Co Sa '53.... 99% 99 99
18 Ulen A Co 6a ’44 99V* 99 99%
11 Union Am Inv 6* A '4B 115 115 115
8 Uni Lt A Rail B%s 'B3 81 80’’* 81
3 Uni L A Rail «S A '52 97% 97V* 97%
1U 8 Rub 6%s '31.... 07% 97% 97%
1 U 8 Rub «%* '36 08 06 06
44 Util P AL 8a '89.... 03 % 03V* 93%
1 Util PAL *7d 91 93 93
1 Van Camp Pack 8a '6B 84 84 84
2Va Elec 8c P Sa A '66 96V* 96% 96%
5 Western Newtp 6s '44 98% 88% 98%
3 West Pow B%a A ’B7 88 88 88
3 Western Pow ur 190 190 190
89103 FOREION BONDS.
In thousands.
1 Bank Prussia 8a '3O. 07 97 97
1 Buenos Aires 7‘»a '47 101% 101% 101%
80 Chilean Con* 7s A.. 94% 94 94%
1 Com APv Bk 5%s 'l7 03% 02% 03V*
1 Danish Cons 5s ’65. 97 07 97
1 Danzig Port OV»g ’B2 76 76 78
JFlnl Res Mtf «8 79 79 79
11 Prgnkfort <%■ ’91.. 91 97% 98
39 Free St Prus 8s ’B3 83% 33% 83%
8 Free St Prus «%* 'Bl 90 90 90
1 Grlun Min 6s ’34... 69 69 89
13 Ger Con* Mun 7s ’47 94 93V* 94
1 Ger Cona Mun gs '47 80% 60% 00%
1 Hamburg E 5%a '30.. 80 80 80
6 Ind M B Fin 78 ’44 09% 99% 99%
SOltal Superp 6s ’63.. 72 % 71% 71%
llltil Superp 6i HI A 85!» Mty H',%
1 Jut 8l MB 7g '47.. 71 71 71
2 Mor Bk Bosota 7s ’47 97% 87 87
17 Mor Bk Chile 5s *3l. 96 96%
44 Mor Bk Chile 6s ’62. 89 88 Va 89
11 NetherUnd 6s B ’72.. 103% 103*/* 103%
9 Parana 7» *6B 83% 83 83%
1 Ruhr Oas 6%s A ’53 . 80 60 60
5 Russ O 6%s *l9 efs n 13 12 12
3 Santa Pe City 78 ’4B. 90V* 90V* 90'/*
3 Santiago 7g ’49 94 94 94
11 Stlnn Hugo 7g ’4B wg 88% 85% 85%
7 Uni E 8 78 A WW ’BB 90 % 90’. 90%
1U StlWko 6%s A ’47 89% 83% 83%
xd—Ex dividend,
wi—When Issued,
n—New.
ww—With warrants.
a———
SHORT-TERM SECURITIES.
(Reported by J. Ac W. Bailsman Ac Co.l
Bid. Offer.
Allis-Chalmers Co 5s 1937 99% 100%
Aluminum Co of Amer 5s 1953. 100 101
Amir Rolling Mills it 1948.... 94% 96%
Armour A Co Del* 5%* 1943... 98 88
Balto A Ohio 4%s 1933 98% 97
Batavian Petrol Corp 4V*s 1942 00 01
Bell Tel of Canada 8* 1068.... 100 100%
California Petrol Corp B%* 1038 99 100%
Canadian Natl Ry Co 4%g 1930 99V* 99%
Canadian Nor Rwy Co 4%a 1938 96 98
Chesap A Ohio Ry Co 4%s 1930 99 A 99.’.
Chicago Rock Island 4* 1934... 92% 92%
Chile Copper Co 6a 1947 03 04
Cudahy Packing Co B%s 10)7.. 04 08
Dela A Hudson Ry Co 7a 1930.. 100V* 102
Edison El Ilium Bost 4%s 1930. 98% 90
Gen Motor* Aocep Corp 6s 1937 101% 102%
Gen Petroleum Corp 5s 1940... 99 100%
§oodyear TAR 5* 1997 90 91
rand Trunk of Canada 0s 1938 103 104%
ulf OH of Penn 5a 1987 97% 98%
Humble Oil 5%s 1932 99% 100%
Internal! Match Corp 5s 1947.. 93 94%
Oregon Short Line 4s 1939 99% 99%
Phillips Petrol Co. 5%* 1939... 89 89%
Pure Oil Corp 6%s 1937 97% 97%
Shell Union Oil Co 8s 1947.... 92% 93%
Sinclair Crude OH Co B%a 1938 96 98%
Stand OH Os N J 5s 1948 100% 101%
St L Iron Mt ASoRy 4s 1939 . 99 100
St L Southwestn Ry Co 4* 1932 94% 94%
Swift A Co 8* 1933 99 99%
Union OH CO of CaUf 6* 1938.. 97 98%
United Drug Co 6s 1981 91 93
western Electric Co 8a 1944.... 100% 101%
Wheeling Steel Corp B%s 1948 . 98% 99%
Still actively engaged In fanning and
in making wooden shoos, Johann Hets
terkamp, the oldeaUpsn In the dis
trict, recently celebrated his :03d birth
day anniversary at Bocbolt, Germany.
HUGE BANK MERGED
SURPRISES STREET
l
I————1 ————
l National City Gains 270
Millions in Resources
i
Through Combine.
BY JOHN F. SINCLAIR.
Special Dispatch to The Star.
NEW YORK, September 20. The
fifth merger of big New York banks
occurred yesterday when the Com Ex
; change Bank Ac Trust Co. announced,
subject to ratification by its stockhold
ers, that It would merge with the
1 powerful National City Bank to push
that bank far In the lead as the world’s
largest, with total resources of about
i $2,450,000,000.
The announcement, a distinct sur
! prise In Wall Street, was held extremely
■ close. Few Insiders knew of the ne
gotiations.
The Corn Exchange, headed by Wal
ter E. Frew, adds resources of approxi
mately $270,000,000 to those of the Na
tional City.
The Corn Exchange Bank has 605,000
shares of the par value of S2O. Shares
traded In Increased from S3OO to S4OO
yesterday. The National City Bank
stock was advanced to SSOO a share, an
Increase of about SIOO a share In 10
days. The exchange of stock will be
on the basis of four-fifths of a share
of National stock for one share of
Com Exchange.
The real reason for the merger seems
to be the expansion of the National
City branches In New York City to
more than 100. ,
The first major bank merger In New
York occurred In May between the
Guaranty Trust and the National Bank
of Commerce, combining resources of
$1,800,000,000. , , „ . ...
The Hanover National Bank and the
Central Union Trust were next merg
ing resources of $722,000,000 while the
Chase National Bank, which already
had consolidated with the Mechanics
and Metals National Bank in 1926, took
over the National Park Bank to com
bine resources of about $1,400,000,000.
The fourth was the Bank of America
and Blair & Co., combining resources
of about $500,000,000.
Charles E. Mitchell, 51. who became
head of the National City Bank in
1921 will continue to direct its policies
as chairman of It* board of Rectors,
while Walter E. Frew will retire from
active banking when the merger Is
legally completed.
Some months ago, talking with one
of the more Important offloals of the
American Telephone Si Telegraph Co.,
I asked him whether. In his opinioiv
the stock of his company was worth
the price lt was then selling for- At
the time the stock was quoted at about
$1 He replied that the stock was worth
•übstantially what It was selling for
and that, in his opinion, it would hold
* t lt *dosed h today K at 304—an increase of
114 Dolnts. The market value of Its
13,161/761 shares today Is a little over
$4,000,000,000. Next to General Motors.
Its market value is the highest of all
American corporations. General Mo
te at Its high of 91%. preferred \ M
Issues Included, was worth $4,159,-
o °Every time the American Telephone
*. TciesraDh stock gains one point on
the exchange, $13,000,000 is added to ts
“with the U conservatlve attitude of the
oast and present management—a fixed
dividend of 9 per cent and no immedi
ate prospect of an
cult to account for the secthJig activity
in the common stock the last lew
months.
Public sentiment for the old-age pen
sion In Industry Is growing. Ten Amer
ican States and Alaska have
adopted old-age pension Hw*- tesed
largely upon legislation now existing
in seven Canadian provinces.
Will New York State follow suit? An
official New York commission, tinder the
chairmanship of Senator Masttck, Is
studying the problem.
E H 8. Winn is chairman of the
British Columbia Compensation and
Pension Board, which administers the
Canadian old-age pension act. The act
has been in effect two years in British
statisticians and repre
sentatives of charitable and rc.ief & gen*
cies insist that the old-age pension is
the only method of dealing with the
problem satisfactorily.
The transition from Independence to
dependence seems Inevitable for a large
part of the population. Most men and
women approaching 70 face a real prob
lem. Many of them are trained for oc
cupations which no longer exist, and. or
course, their adaptability has decreased.
That is why Mr. Winn feels that old
age pensions remove, in part, at least,
the haunting fear of want from the
minds of those who are passing Into
the twilight of their lives."
j H Thomas, British minister of un
employment, has returned to England
after a month in Canada looking over
the prospects of increasing trade rela
tions between Canada and the mother
country. , , ,
It is understood that a principal rea
son-for his visit was to effect a wording
arrangement by which the Canadian
National Railroad would buy its coal
from Great Britain rather than from
the United States. Mr. Thomas was
In conference several times with Sir
Henry Thornton, president of the Ca
nadian National Railway, and with E.
W Beatty, president of the Canadian
Pacific. No announcement was made,
however, of the result.
I talked with this British minister
in Ottawa, and he said his primary In
terest was not In temporary, but per
manent, relief measures
“An Increased demand for British ex
port goods, which in turn will increase
the number of workers In the factories
of England, seems to me the only per
manent cure for our unemployment,"
he observed.
When I asked him if. as minister of
Britain’s 1,500,000 unemployed, he con
templated an effort to send any con
siderable number of them to Canada,
his answer was decidedly in the nega
tive.
“Every dominion is the judge of ita
own citizens,” he said. ‘Making a na
tion prosperous in a fundamental way
Is the unemployment solution. Send
ing the unemployed out 0/ Britain
might alleviate the problem, but lt
would not solve lt.”
(Ceorrlght. 1929. by North American News
paper Alliance.)
NEW YORK COTTON.
NEW YORK, September 20.—The
cotton market developed considerable
activity today, and under the heaviest
concentrated buying since the Govern
ment report prices advanced $1 a bale
at one time.
The rlae met heavy Southern hedge
selling, and with co-operative market
ing associations taking advantage of
the Improvement to release contracts,
most of the Improvement was lost, with
final prices unchanged to 10 points
higher on the day. Spots were un
changed at 18.65.
Cotton Range.
Open. High. .Low. Close.
October, old 18.35 18.61 18.36 18.43
October, new 18.40 18.66 18.40 18.47
December 18.78 19.02 18.77 18.82
January 18.81 19.04 is.so 18.84
March 19.06 19.30 19.06 19 06
May 19.25 19.81 19.25 19 30
July 19.13 19.42 19.13 19.33
Firm Has Expansion Flan.
NEW YORK, September 20 (JP). —
Directors of the United Electrical Coal
Co., at a meeting on September 34, lt
waa reported today, will consider a pro
posal to purchase the Electric Shovels
Coal Corporation and affiliated com
panies.
! MARINE PRODUCTS
IN LIVELY DEMAND
I Fish, Oysters and Clams
Meet Ready Sales at
D. C. Market.
There was the usual heavy Friday
demand for marine products registered
! at Municipal Fish Market and whole
' sale houses In other sections this morn
' ing. Dealers had large quantities of
1 fish, oysters, crabs, scallops, shrimp and
other products of the water in this
! and other sections.
1 Dealers said their offerings never
1 showed to a better advantage than this
■ morning. Receipts of all varieties of
products were absolutely fresh, present
ing an attractive appearance, which
resulted in increased demands.
Clams Aid Oysters.
An Increased demand for clams for
chowder and to prepare in other ways,
according to dealers, and hard crabs
also are being sold for the preparation
of chowders and soups. Clams were
. offered this morning around $2 per
100, while the crabs were $4 a barrel
or 75 cents a dozen.
In the commission house district and
along the country line this morning
dealers had immense quantities of at
tractive fruits and vegetables to offer
the retail trade, prices of most com
modities being substantially the same
as prices quoted yesterday.
Early morning trading was reported
fairly brisk, buying later In the day
not being so brisk. Several varieties of
grapes appeared very much in demand,
the fruit being very attractive. Receipt
of peaches and apples continue fairly
heavy and there were plenty honeydews,
honeyballs, Persian melons and canta
loupes to offer the trade.
There were not many cantaloupes
from nearby to offer the trade this
morning, and, lt was stated, the quality
of the light receipts was not so good.
California Bartlett pears were offered
around $4.50 and $4.75 a box, Oregon
stock selling at slightly lower prices.
White potatoes were slightly cheaper
this morning, 150-pound sacks selling
at $4.60 and 34.75. Sweet potatoes con
tinued plentiful at $2.50 and $2.75 a
barrel, or $1 a bushel.
Today’s Wholesale Prices Jobbers’
Prices Slightly Higher.
Butter—One-pound prints, 48>ia49%;
tub, 4712*43; store packed. 30a32.
Eggs—Hennery, 45a46: fresh selected,
40a42; current receipts, 37a38.
Poultry, alive —Turkeys, hens, 35;
toms. 33; Spring chickens, large, 31a32;
medium. 28a30: small. 28a30; Leghorns,
27a28; fowls, 28; Leghorn fowls, 22a23;
roosters, 22; ducks, 15a20; keats. young,
60a70; old, 35a40. Dressed—Turkeys,
38a40; Spring chickens, large, 38a40;
medium, 37a38; small, 35a36; Leghorns,
34a35; fowls, 34a35; roosters, 26; ducks,
28a30; keats. 80a 1.00.
Meats—Beef, 22% *25; veal, 27a28;
lamb, 25a28; pork loins, 35; fresh hams,
26; fresh shoulders. 22; smoked hams,
28a30; smoked shoulders, 20; bacon. 28a
32; lard, in bulk, li\ 2 \ in packages,
14 Vi.
Live stock—Calves, 15a15%; lambs.
12a13.
Fruit and Vegetable Review.
The dally market report on fruits and
vegetables, compiled by the Market
News Service, Bureau of Agricultural
Economics, says (sales to jobbers ex
cept where otherwise noted);
Apples—Supplies moderate; demand
moderate, market firm; bushel baskets.
Virginia, U. S. No. 1,2 Vi inches up,
Grimes, 1.75a2.00; fair condition, 1.50;
Delicious, 2.25a2.50; unclassified Deli
cious, 2% inches up. 1.25a unclassi
fied, various varieties, some fair quality
and condition, 75a1.50.
Cabbage—Supplies moderate; demand
light, market steady; New York, 90-
pound sacks, Danish type, 2.00&2.25,
Cantaloupes—Supplies moderate; de
mand moderate, market slightly strong
er account cool weather, market steady;
Colorado, jumbo flats, 12s, pink meats,
mostly 1.50, 8s and 9s, 1.15a1.40, mostly
around 1.25; standard flats. 12s and 15s,
pink meats. 1.25&1.35; miscellaneous
melons, supplied liberal; demand light,
market steady; California, Turlock Sec
tion; standard crates. Honey Dews, all
sizes, 1.50a1.75, mostly 1.50; Honey
Balls, Jumbos, 36s and 455, 4.00; stand
ard 36s and 455, 3.50; pony 45s and
545, 2.75a3.00. few higher.
Celery—Supplies moderate: demand
light, market about steady; New York,
2-3 crates, early varieties, 2.00a2.25,
mostly 2.25.
Lettuce—Supplies light; demand mod
erate, market steady; Colorado, crates.
Iceberg type, 4-5 dozen. 4.25a4.50, most
ly 4.25; California, crates, Iceberg type,
4-5 dozen, 4.25a4.65, mostly around
4.50.
Onions—Supplies light; demand light,
market about steady; New York, 100-
pound sacks, yellows, U. S. No. 1, me
dium to large size, 2.00a2.25.
Peaches—Supplies moderate; demand
light, market dull; Pennsylvania, bushel
baskets, E'bcitas, U. S. No. 1, medium
to large size, fair quality and condition,
pale, 2.25a2.75; few very large size,
good quality and condition, 3.50a4.00;
New York, bushel baskets. Elbertas.
U. S. No. 1, large size, 3.00a3.50; fair
quality, pale, 2.25a2.75; Virginia, bushel
baskets, Salw’ays, U. S. No. 1, small to
medium size, pale, 2.00a2.25, few higher.
Pears—Supplies moderate: demand
light, market steady; Oregon, boxes.
Bartletts, fancy, medium to large size,
3.75a4.00; California, mountain section,
boxes, Bartletts, fancy, medium to large
size, 4.25a4.50; New York, bushel
baskets. Sheldons, No. 1, medium to
large size No. 1, medium to large size,
3.00a3.50; Bartletts, No. 1, medium to
large size, ripe, 2.50.
Potatoes—Supplies moderate: de
mand light, market about steady:
Maine, 150-pound sacks, cobblers, U.
S. No. 1, 4.65a4.75.
Sweet potatoes—Supplies moderate;
demand light, market dull; East Shore
Virginia, cloth-top barrels, yellows, U.
8. No. 1, 3.00a3.25; East Shore Mary
land, bushel hampers, yellows, No. 1,
1.00a1.25.
String: beans—Supplies moderate; de
mand light, market steady; Norfolk sec
tlon Virginia, bushel hampers, green,
1.25a1.50. few higher.
Lima beans—Supplies moderate; de
mand moderate, market firm; East
Shore Maryland, bushel hampers, best,
mostly 2.58; poorer, low as 2.00.
Peas—Supplies very light; no sales
reported.
Tomatoes—Supplies moderate; de
mand moderate, market firm; nearby
Maryland, hampers. 50a60.
Grapes—Supplies moderate: demand
moderate, market steady: East Shore
Maryland and Delaware, 12-quart, cli
max baskets. Concords, mostly around
50; California, lugs, Thompson seed
less, 1.60a1.75, mostly around 1.60;
lugs, Malagas, 1.75.
INTEREST RATES.
By the Asaoeiated Press.
Collateral interest rates, as reported
for last week by Census Bureau aver
ages, held unchanged from levels of the
preceding week, but were substantially
above figures for a year ago. Average
rates for the week and comparable
periods follow:
Time loans. Call money.
' Per cent. Per cent.
Week end. Sept.l4. 9 8 V*
Preceding week.. 9 8%
Same week last yr. 7 7%
HEAVY CONSTRUCTION.
NEW YORK, September 20 (/Pi-
Marked by a 68 per cent rise In the
money value of contract lettings In
commercial buildings, the value of
heavy construction and engineering
awards in the United States in the past
week revealed an increase of approxi
mately 1W,000,000 over the previous
week’s figures, Engineering News-Record
states In Its current Issue.
SMALL BANKS FEAR
GROWTH OF CHAINS
Special Dispatch to The Star.
NEW YORK, September 20.—The
position of the country banker in the
midst of economic conditions that are
, compelling the creation of huge com
binations of capital to buy up chains
of banks, is not an enviable one.
He is seriously alarmed over the
present trend, which may mean that
he will lose control of his institution
as well as a part of the local constit
uency which he had been years in
establishing. In some instances he and
' his friends have a majority Interest in
[ the stock of the bank, which gives him
the opportunity to refuse offers from
the outside that may be too tempting
• for the body of his shareholders to
C resist. In most Instances, however,
[ local bank stocks are quite widely dis
tributed and the owners of them have
1 relatively little pride or interest in the
bank’s affairs. They are mainlv con
. cemed with getting good dividends and
seeing a steady appreciation in their
I investment.
Already bankers in small cities and
' towns in the East, in the Northwest
and on the Pacific Coast have been
forced out of their enviable local busi
ness stations by the sweep of banking
, combinations centered in some metro
politan district. It is a movement
which they and their local depositors
’ and borrowers oppose, but with not
; much success. The situation resembles
; on a email scale the change in com
munity life that has followed the pass
ing of the old tradesman under the
pressure of competition from the chain
; store.
The outlook of the country bauker
; has been disturbed in no little degree
by the formation this week of a
$1,000,000,000 holding and management
company in New York for the purpose
of buying control of banks and trust
; companies in the western part of the
State. It is understood that another
corporation with a similar purpose and
All-American
Values in These Wonder-of-America
All-Wool
Suits and Topcoats!
f F experts picked an All-American
* Clothing Team, Wonder-of-America
suits and topcoats would be first choice!
They pass over all values, bucking the
usual price line-up, dash through the
field of competition, and score the goal
they set out to make —the greatest value
that America can offer in clothes!
It took plenty of training to make such
record breaking values. Only experts
can buy their own materials, make their
own clothes and sell them in their
own stores on one tiny profit! And only
experts with tremendous nerve would
dare to take the small profit that Won
i
der-of-America makes on their $17.50
suits and topcoats!
At $17.50 Wonder-of-America scores
the winner in clothing values. And no
trick plays were needed—for every suit
and topcoat is all-wool, tailored in the
latest style, and is durable as an All-
American center.
Stop in now for the <jj-g pm gQ
best looking suit or I i
topcoat that $17.50 ®
ever bought!
WONDJ^
CLOTHES
TWO STORES IN WASHINGTON
1003 Pennsylvania Ave. N.W.
611 Seventh St. N.W.
i i
II T" 1 !
FItfANCIAi;.
with a capital of $50,000,000 is under
consideration and also will seek to ob- *
tain a chain of banks in the up-State 1
territory and possibly in neighboring
States. Already a long-established New
York investment Arm is said to have
purchased control of a chain of. SOO
banks throughout the United Elates. ‘
,„ T he voice of the country banker is
likely to be raised in his own defense
at the San Francisco convention of the
American Bankers’ Association next »•
month. At that time branch banking "
and chain banking will be actively
discussed. The convention is expected
to adopt a policy regarding these
tendencies. There is a strong move
ment among members of the associa
tion for a change in the national bank
ing laws to permit branch banking gtm
ilar to that in Canada. The proponent
of this movement is the controller of
the currency, who is understood to
take a more advanced attitude than
does Secretary of the Treasury Mellon . *
and some members of the Federal Re- «
serve Board.
■■■ • .
GERMAN BONDS AND STOCKS.
| Special Dispatch to The Star.
NEW YORK, September 20. '/**
Bid. Askrd.
Ger Govt Red Loan with draw
ine ctfs attached per 100 R M 59.00 01.00
Ger Govt Red Loan without
drawing ctfs per 1,000 R M.. 34.00 37.00 -
(Quoted in dollars per million marks.)
Hamburg 4Via 1919 35.00 45.00 **
(Quoted In dollars per thousand marks.)
Germen Gen Elect 4’as pre-war 23.00 24.00
Oerraan Gen Elect 4>/>s 1919... 2.25 3 00
Berlin 4s pre-war 4.00 5.50
Hamburg 3s. 3**s & 4s pre-war .10 .30
Hamburg American Line 4Via.. 31.00 33.00
North German Lloyd 4Vss 31.00 33.00
Krupp s’/is 1921 125 200
Dusseldorf 4s pre-war 10 .30
Frankfort a/M 4a pre-war 10 .30
Munich 4s pre-war 10 JO *
(Quoted in dollars per share.)
AEG 'German Ge Elect 4500 47.00
AEG (Ger Ge Elect pfd B .. 9.00 11.00
Commerz and Pnvat. Bank 41.00 43.00
I G Farben 50 00 53.00
Disconto Oellschaft 35.00 37.00 .
Berliner Handles 47 00 49 00
Dreadner Bank 36.00 38.00
Deutsche Bank 38 00 40.00 .
Darmstaedter Bank 63.00 65.00
Heyden Chem 8.00 10 00
Mercur Bank Vienna 2.50 350 -
North German Lloyd 10.00 12.00
Austrian AEG (General Elect 4.50 5.50 •
13

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