The Brooklyn Daily Eagle from Brooklyn, New York • Page 16

KEAL ESTATE SHIPPING COMMODITIES BUSINESS 16 Ml NEW YORK CITY, TUESDAY, AUGUST 25, 193G Brooklyn Daily Eagle Financial Section MAKES ADDRESS J. Standard Commodity Act Attack Met Steel Workers New Agreement Wallace Opposes Borah Sugar Levy New York State June Building Leads Nation What They Talk About In Wall Street By H. H. CLARKE 1 J'; mm- William E. Borah.

Secretary Wallace Wallace Asserts That Duties Stimulate Supplies From Insular Possessions Forcing Domestic Prices Down Income for 1936 Picks Up Marketing End on More Profitable Basis Leas ing Outlets Standard Oil Company of New Jersey in line with the oil industry generally has experienced a sub stantial pickup in net Income thus far in the current year. Taken in the aggregate the earnings of oil companies to report for the first half averaged 40 percent higher than in the similar half of 1935. Increased volume and better prices have been factors in this year's operations. Principal affiliated and controlled companies in New Jersey Standard, such as Humble Oil fe Refining Company and Creole Petroleum, it is understood, have fared better this year, which improvement will benefit the parent company. The marketing end of the business through Standard Oil Company of New Jersey and other controlled companies also has been on a better basis than for several years past.

In recent months the company has been making gradual disposition of company-owned outlets mostly on a leasing basis to independent dealers. About 80 percent of New Jersey's stations have been so leased up to the present time. Had $62,863,192 Net Standard Oil, including subsidiaries, had net of $62,863,192 after all charges and taxes, equal to $2.43 a share on 25,856,081 shares of $25 par outstanding, in 1935, the best year since 1929. This showing compared with earnings of $45,618,960 in 1934, equal to $1.76 a share. On gross, volume was the best since 1932.

Totaling $1,076,215,249 in 1935. the gross showed an increase of $58,243,000 compared with 1934 and of $296,449,000 compared with for 1933, the depression low. Working capital showed an improvement at end of 1935 standing at $425,337,479, against $407,165,346 a year earlier. Surplus the Same Surplus, after giving effect to ad justments other than the payment of dividends, stood on Dec. 31, last, at almost the same level as a year earlier.

It amounted to $448,127,942 on the later date compared with $449,062,206 Dec. 31, 1934. September is likely, to record a decrease in demand for refined products compared with August. Against September, 1935, however, the probability is that the increase will amount to about 8 percent. The Bureau of Mines recently set the September domestic demand for motor fuel at 42.910,000 barrels, which would compare with about 46,850,000 barrels in August.

Distillers Cited For Violations Washington, Aug. 25 (Pi W. S. Alexander Federal Alcohol Administrator, accused some distillers today of violating Government regulations. In a message to all basic permit holders, the Administrator accused some of them with failing to notify tne federal Alcohol Administration 01 cnanges 01 ownersnip, management, or control of their business as required by law.

After reviewing excerpts of the regulations concerned with the suspension of permits, Alexander said that individuals and partnerships had been incorporated and continued to operate without notifying the Administration and that other permit holders had withdrawn from partnerships without notifying au thorities. He asked for better cooperation from the distillers, Dunne Co. have prepared a Ihree- page memcfrandum on New England Gas and Electric Association. Insurance as an international force for trade co-operation will be stressed by Louis Pink, above, superintendent of insurance for the State of New York, at an address tonight in Quebec before the annual meeting of the Association of Superintendent of Insurance of the Provinces of Canada. Great Lakes Traffic Lifted Increasing Industrial Demand for Coal and Iron Important Factor Washington, Aug.

25 (Pi Increasing industrial demand for coal and iron ore was credited by Government officials today for the marked improvement in Great Lakes freight traffic reported by the Department of Commerce. The department's weekly survey of business conditions said ore shipments from the upper Great Lakes were 60 percent ahead of last year and that current coal movements on the Great Lakes were the highest in history. Department officials said the gain In ore shipments was traceable to the increased activity in the steel Industry where July operations were reported to be 70 percent of capacity as compared with 39 percent a year ago. F. G.

Tryon of the Bureau of Mines said industrial demands plus other factors accounted for the heavy increase In coal shipments. Coal production, said Tryon, was 11 percent ahead of production a year ago. The industrial demand for coal, he said, had increased in the past year and stocks of bituminous coal on the docks at the head of Lakes Michigan and Superior were considerably lower than a year ago. Stocks on the docks April 30, 1936, amounted to 1.657.000 tons, as compared with 3,890,000 tons on the same date last year. Bulova Stockholders Approve Stock Plan Stockholders at annual meeting of Bulova Watch Company voiced ap proval of plan to retire the preferred stock.

Arde Bulova, chairman, stated that sales and profits are running ahead of last year. By Government Members Not Subject to Regulations Until Act Is in Effect Chicago, Aug. 35 VP) An attempt by Chicago Mercantile Exchange members to attack constitutionality of the commodity exchange act was met, in a Government answer on file today in Federal District Court, with the declaration that "at this stage of the proceedings" constitutional questions should not be decided. The suit, filed Aug. IS by William S.

Moore on behalf of himself and all other Exchange members, challenged validity of the act and asked an injunction against its operations. The Government reply alleged that "the bill of complaint does not show any such direct, immediate and irreparable injury to the complainant as would require issuance" of an Injunction. Only "procedural" provisions of the act were presently in effect, the answer maintained, and Exchange members would not be subject to any regulations until other provisions became effective Sept. 13. A separate answer filed by special counsel for the Government asked dismissal of the action as to Secretary of Agriculture Henry A.

Wallace, Secretary of Commerce Daniel C. Roper and Attorney General Homer S. Cummings, members of the Commodity Exchange Commission, on the grounds they could be sued only in districts where they lived. Daily Crude Oil Output Increases Tulsa, Aug. 25 (P) Estimated daily average crude oil production in the United States increased 8,017 barrels daily "during the week ended Aug.

22 for a total daily production of 3,076,381 barrels, the Oil and Gas Journal reports. Production In Oklahoma increased from 601,450 to 605,306 barrels for an increase of 4,044 barrels daily. East Texas reported an increase of 5,539 barrels for a total of 443,787 barrels daily. Production in all Texas was up 14,742 barrels to a total of 1,184,754 barrels daily. California's production was down 15,000 barrels, declining to 577,000 barrels daily.

Louisiana increased from 232,330 to 234.322 barrels daily Production in Kansas was off 3,350 barrels to a total of 166,975 barrels daily. Eastern fields, in cluding Michigan, increased 902 barrels to 143,179 barrels daily. Production in the Rocky Mountain area was unchanged at 60,270 barrels daily. Detroit Edison Co. Files Registration Washington, Aug.

25 The De troit Edison Company filed with the SEC, under the Securities Act, registration statement covering 20,000,000 issue of general and re funding mortgage bonds, Series due Sept. 1, 1966. Interest rate, price to the Dubllc underwriters and underwriters' fees are to be supplied by amendment to the registration statement. Proceeds are to be used to redeem $20,000,000 5 percent general and refunding mortgage bonds, Series called for redemption Oct. 1936, at 107 and accrued interest or to retire any bank loan entered into by the company for the pur pose of redeeming these called bonds.

CULLETTE- topher Columbus sailed up this same river when he landed in San to Domingo in 1492 and his log book carries out this report. But Columbus was not tailing in a modern steamer and it was not until the Dominican Government deepened and widened the channel of the Ozama that full draft vessels were able to move up the river. And to Capt. F. W.

Folker, commander of the Coamo, went the honor of taking the first full size ship along the channel first traveled by Columbus. Many of the landsman's present-day costums and traditions originated at sea and have been used so long on land that their origins have been lost. Sometimes in talking to the skippers of old sailing ships we are amazed to find that a custom we always thought of as starting on land was really founded at sea. The latest addition to our collection concerns the holes in doughnuts and was told to us by Capt. George T.

Anderson when we met him at the Seamen's Church Insti tute. It seems that the hole In the doughnut was invented by a master mariner in 1847, whose name was Captain Gregory. He wu In command of a ship sailing out of Boston Harbor when he decided that something ought to be done about the fried cakes or "twisters" served by the ship's cook. The cakes were usually cut in long strips, bent double and twist ed. The edges would be fried nice and crisp but the middle remained practically raw.

After a great deal of experimenting, Captain Oregory finally hit on the ideal of a hole would allow the dough to be cooked all the way through. And he may achieve immortality for Inventing a bolt. in In it a Is Presented; 40-Hour Week, 20 Per-cent Wage Increase Included in Demands Pittsburgh, Aug. 25 W) Five employe representatives of the Carnegie-Illinois Steel Corporation's Chicago and Gary plants announced today they are demanding the U. S.

Steel subsidiary recognize a new collective bargaining agreement to be steel workers organizing committee. The committee, headed by George Patterson of the South Chicago works, failed to get an audience this morning with company executives, but were asked to return later today by L. H. Burnett, vice president. Benjamin F.

Fairless, president, is on vacation. A copy of the demands which Patterson said would be laid before the company listed: A national wage agreement for all employes. Machinery for establishment of a "bona fide" collective bargaining agreement. A national wage scale committee "wholly independent and free from influences and domination of the company." Pattersons statement continued: "We as a committee of five, in order to perfect a national wage agreement under direction of the steel workers organizing committee, herewith place before B. F.

Fairless wishes of our constituents, namely: "A universal 40-hour work week; 25 percent wage increase effectively immediately; permanent vacations with a pay plan that does not work injustices as the 1936 vacation plan does; weekly pay checks for all employes; just seniority rights, and more adequate safety measures. Joseph Gilbert and Charles Jankus, of the South Chicago works, and Edward Ennis and Michael Ostroski of the Gary works, signed the demands. The statement asserted the action was taken in conformity with a resolution endorsed Aug. 19 by 73 employe representatives acting for "upwards of 75,000 steel workers" to join the steel workers committee and that the five represented 40.000 Carnegie-Illinois men about Chicago. Reichsbank Gold, Circulation Off Berlin, Aug.

25 (P The Reichsbank statement as of Aug. 23 follows (in thousands of reichsmarks) Notes In circulation, 4,138,000, decrease gold, 70,428, decrease 1.983; foreign currency reserve, Increase 92; other bills of exchange and cheques, 4,268,732, decrease other daily maturing obligations, 692.917, increase advances, 41,484, decrease 5,409 and investments, 220,614, increase 47. Ratio of gold and foreign currencies to notes was 1.8 percent and rate of discount was 4 percent. CRl'DE OIL OUTPUT Daily average crude oil output in United States for Aug. 22 week estimated at 3.076,381 barrels by Oil and Gas Journal, an increase of 8.017 over preceding week.

14 8:30 a m. 58 16th It 22 7 00 am. 46 Charles it 15 9 00 a.m. 97 57th st 3.00 pm. 25 Fr' kiln st and Mail Steamships Free State, Northern Ireland and Switz erland.

SOUTH ANT CENTRAL AMERICA, WEST INDIES AND CANADA TODAY ANCON (Panama R. R.l. Port Au Prince Au. 30; Pier 65. N.

(W. 25th Mails close 1 p.m.; sallj 3 pjn. Letter malls for Haiti ANKARA Roltl, Para Sept. and Ceara 9: IStli Hoboken. Malls close 1 p.m.

Letter and prints mails for north rall and Peru (loultoa onlyi; parcel post. CALIF I A ristobai sept, Pier Brooklyn til.l. close 1 am: sails m. Krritrrrd artirlm for Canal Zone and Panama yA BmS? Aic'Jnstabfe Hook i. Malls close a.m.

Letter mails lor Aruba. TOMORROW CARACAS (Red Dl. San Juan Aaa SI. Ii t.uvara Hept. 2, Purrto Cabelln 3.

Aruba 4. Curacao A and Maraeaibo If; Pier II, Brooklyn iFurman St. I Malls close a.m 'supp. mails to p.m.li sails m. Letter and prints mails for Aruba, Cnracao and Venezuela (except Cariplto and Ciadad Bolivar also sperially addressed ordinary correspondence for Puerto Rleo: parcel post.

QUEEN OP BERMUDA (Purnesa Bermuda St. Oeoraes and Hamilton Aut 28. Pier 95. N. (W.

65th Malls close noon; sails 3 p.m Letter and prints mails and parcel post for Bermuda, THE TIDE8 (Bt O. 8 Coast and Geodetic Surrey) 'Dayhtht 8avinTlme AUOUST 25 A I I Hlh Water A.M. I M. LowJIVaUr Ssndy Hook The Battery Hell Gate 1:28 2:00 4:50 2:12 II 7 27 8'58 2 44 I 7 39 5.18 II 11:03 12:07 AuatisT 2 Sandy Hook The Battery Hell Gsle 2 57 2 54 4 50 3 12 3 39 8 so io 03 9:51 10:55 5.18 II 11:03 12:07 SUN RISKS AND RFTft Auau.st 25 i AllBUst 28 Rites. 6 15 gels.

7. 48 Rises 8 Is Setl.T.M Financial Editor Despite further extension of the recovery In early trading today, conservative brokers were advising against following the current rise. They believe a secondary selling, movement will get under way shortly which will more thoroughly test tne market's underlying structure than did the abrupt one-day reaction last Friday. Pending such a development advice is to keep in the bleachers and watch the outcome. Though commercialized television may be years off, shares of companies active in that field as well as those of radio companies were strong London today.

A radio exhibition opens there tomorrow. Last week's carloadings, to be re ported Friday, are expected to be about the same as the preceding week. Ordinarily, a seasonal expansion should have taken place. However, estimated loadings are about 17.4 percent above the same week a year ago. One prominent observer of for eign affairs believes the next important move in Europe will be the overthrow of the Blum government France and the installation of a more radical group.

Such a development, he believes. would precipitate a general cur rency war in Europe and end the honeymoon period" which America has enjoyed for the past three years as a result of the undervalued dollar in terms of foreign currencies. If major European Powers actual. ly support the cause of neutrality on the Spanish situation as they have lately been saying they would, real trouble may be avoided. But is a big IF.

It takes courage as well as optimism to put faith in European economic and diplomatic agreements these days. The Government's relief policy. one broker remarked, is educating large part of the American public to be first-class bums. Our colleges, he adds, are educating a large percentage of young men to be "executives" with no liking at all for hard work, Despite threats of lower prices be fore the endpfcf the year, value of petroleum output for 1936 promises to be not only higher than in 1935 but higher than for any year since 1930 and possibly 1929. If 1936 automobile production comes up to estimated normal requirements of 4,000,000 cars, only 1,510,000 units will be turned out in the second half since 2,490,000 were.

produced in the first half. This. would be 219,000 units less than were made in the last half of 1935. Since devaluation of the American dollar price of American cotton to the Japanese has increased to a point where it is far cheaper to produce rayon. Hence, the rayon industry there is having a feast Threat of further expansion in rayon production there is regarded as far more serious to the American cotton grower than all the increases In lint outturn in South America and other countries, for it means new fiber is permanently taking tin place of cotton in world markets.

July earning reports of some lead ing rails show impressive gains. Missouri-Kansas-Texas was in the black against a deficit in July a year ago while the increase in total revenues of Illinois Central was the largest since May, 1923. Though German bonds in London slumped sharply on Hitler's determination to extend military service to two years, German loans listed here showed little change as regards price and trading in them was solw a Governor Landon's Chautauqua speech was pretty flat, as have most of he has been making re- cenily7His Eastern supporters would like a Uttle blood and thunder instead af vague generalities. Some are inclined to trace recent drift in sentiment to Roosevelt, as indicated by latest results on the Presidential poll of the American Institute of Public Opinion, to Landon's colorless utterances and his poor command of the usual forms of skullduggery which tht public has come to regard as standard equipment for political aspirants. Jackson Boesel still regard inflation as a live enough issue tf warrant sending a descriptive letter of its influences, current and potential, to clients.

a Belief is directors of TJ. S. Steel will certainly take some action in clearing up dividend arrears before the year is over. Current stros demand for the company's preferred is prooaoiy in anticipation. There was a further gain of in so-called "other loans" of reporting member banks in the week ended Aug.

19, putting the rise since Aug. 21, 1935, at Most improvement was accounted for by local Institutions. There was little change in the com. mercial lending operations of outside banks, There is some talk that an attempt may shortly be made to lift movie house admission prices. If it can be done without cutting attendance It would greatly help the amusement companies.

Treasury Statement! Washington, Aug. 25-The position of the Treasury Aug. 22: Receipts, expenditures, balance, 980,685,695.23. June Acih ity Greater Than Any Month Since Fall of 1929 Washington, Aug. 25 UP) Government figures made public today showed New York leading all States in the rate of increase for home building, on the basis of the most recent statistics available.

The Department of Labor's division of construction and public employment reported a gain of 93 percent for New York in June over May. Reports from 100 New York ciues showed the estimated cost of June building con-stmction compared with $24,517,706 for May. The New York increase 51 percent higher than the national rise during June. The Federal Home Loan Bank Board said this Increase "augurs a continuance of the activity which during June was almost two and one-half times as great as in June, 1935. and greater than in any month since the Fall of 1929." Construction of apartment houses in New York City accounted for a large portion of the upswing, the review said.

The Empire State's nearest competitor was California, followed by Michigan. Texas and the District of Columbia. Standard Steel Plant Closed Labor Leader Charges Policies Dictated General Motors by Pittsburg, Aug. 25 HP) An assertion by officials of the Standard Steel Spring Company that It will abandon its strike-closed plant in suburban Coraopolls brought a charge today from Union Leader Philip Murray that General Motors Corporation is "dictating" Ehe-on-cern's policy. R.

O. Enos, representing the steel company's board, said: "We are shipping out the tools end dies which belong to our customers at their request, so that their production will not be held lip. We are also shipping special steels, which are cut to size. "We do not intend to resume operations at this plant, but the manufacturing equipment will be left here. I do not know what we will do with it." Murray, chairman of the steel workers organizing committee, a subsidiary to John L.

Lewis' Committee' for Industrial organization, replied: "The dispute between the company and its 750 employes could be settled within 24 hours if its president, D. T. Gleason, would do what he agreed to do. "The situation is due solely to Mr. Gleason 's refusal to recognize the elected representatives of the workmen.

We know, of course. General Motors is dictating the policy." The union men at the plant Struck a week ao. claiming Gleason refused to negotiate a working arrangement with their committee, which had been elected after a strike several weeks ago. Gleason said he agreed to negotiate with employe representatives, but "not outside union men." Murray said United Auto Workers unions at Racine, and Toledo, Ohio, are investigating possibilities the steel company would shift work from the Coraopolis plant to those points. Employment Up Contraseasonally Washington, Aug.

25 A slight increase in employment in July, contrary to seasonal experience, was reported by the Labor Department today for the combined manufacturing and nonmanufacturing industries, which it regularly surveys. About 2.000 persons were returned to work, continuing the expansion which has been shown each month since March. The department said this was significant, when it was considered that employment increases had been registered in July, in only three instances- in the last 17 years. RFC ASKS BIDS Reconstruction Finance Corporation will receive bids S'pc. 10 on a block of municipal bonds.

For your a branch is nated a 26 Court Street BOCFRT E. CAnifUN. Manager EJCihllshrr; i'fi7 (RSHOLM (hAPMAM New Vor ftrhnite DORMANT ACC K'NTS. PUBLICATION BY THE OREA FFR NFW York Savinus Bank, Fifth N.u.'i and Ten'h Streets. Brooklyn, N.

of ful: names of depositors of aririitio'. tl accounts not previously repo: last known plar.e of re-sidem to the provision." of Section pursuant i of he Banking Law Aecount No. 44 MR Annie Frledfeld. 70111) 18th Brooklyn, N. Y.

Account No 411.771 w.il'er B.ewr. ATI Brooklyn. N. Y. Account No 54.B.13 8uane 4IS 62d Brooklyn.

N. Y. in trust loi Cl.ai-lotte L. allien. Ac count No 23 SOB Janet M.

Halstead, Jlmel Grrnuule, 7ih Ave. and 5bt.li St Brooklyn Aecount No. :i2.571 Emll Koskl. 431 64tl Bnmkiwi, N. Y.

Arctium No 41 (Hyr Marianno Messana. Ktil KlMh Brtioklyn. Y. A'Tounl No. M.MH--Josephine M.

Keouh, 30O Uih st Biooklyn. N. Y. Accmint No 31.107- tieorae B. Trim.

154 liny lltii fit Bath Beach. Arrnont No Tony Torr'SzH, 152 loth Biooklyn, u25Siau31 in three years of 624.000 long tons refined sugar more than was actu ally produced in this country." Wallace said the Smoot-Hawley Tariff act, which he called "that stand-pat Republican plan," had "gotten us into the worst mess we ever were in." Bernhardt sair. in his statement there was no restriction on sugar beet production, but that growers co-operating with the AAA and desiring benefit payments and "parity returns" agreed to produce in ac cordance with allotments. He added that Wallace had advo cated continuance of "parity re turns" for beet growers for the 1936-37 season after benefit pay ments were voided by the Supreme Court's AAA decision, but that legis. lation designed to accomplish this failed "largely as a result of oppo sition by the opponents of the Ad ministration." "In 1933 growers received $5.13 per ton of sugar beets prior to the Jones-Costigan Bernhardt said.

"In the 1934 crop, however, payments (including benefit pay ments) were $6.91 per ton, and the 1935 crop, after payments had been completed under the supplemental appropriation act, will also be about $6.91 per ton." Project Work Employment Up Washington, Aug. 25 P) The Reclamation Bureau said today em ployment on Western reclamation projects reached a new all-time peak of 22,665 during July, exceeding the previous high of 21,082 recorded in June. With more work being started each month than is finished, bureau officials said they expected the total to mount steadily hereafter as they proceed with the spending of the $100,000,000 or more they have at hand for projects in 11 States. The peak probably will be reached some time next year, when work Bets fully under way on the $170,000,000 Central Valleys of California projects. Washington's Grand Coulee project was the big Job maker during JJuly among those undertakings already under way, with a payroll of 6,105 men.

In June 5,155 were employed on the project. Other July figures included Cas-per-Alcova project. Wyoming, Boulder Dam. all-American Canal, Ogden River. 989; Salt River, 416; Parker Dam, 452, and Gila project.

67. The 22.665 total for all projects included 5,133 emergency conservation workers, but these were not figured in the totals for individual projects. K. C. S.Puts Order For Rollins Stock Shreveport, Aug, 25-The Kansas Cit' Stutnern 'hlch has shwn steady increase in earnings for past seven or eight months as a result of business in the Rodessa oil field, will spend $5,000,000 for news rolling stock.

Ten new locomotives will be pur chased to handle freight and pas senger business. At present, pas senger locomotives are being used to haul fast freight, an 18-hour schedule being in effect between oiuciciuib niiu ivausos swiy, u- instance of 561 miles. Seven hundred and fifty new box cars and 250 gondolas aLso will be purchased. As for passenger train service, diners will be converted into diner- lounge cars and will be air conditioned, and chair cars also will be placed in that class. The Kansas City Southern business gain has largelly resulted from discovery of oil at Rodessa.

the field now "tending Into Texas and to within one mile of the Arkansas line, a distance of 17 miles. The purchases constitute the first major improvement progrm on the K. C. in several years. June Canadian Gold Output at New High Ottawa, Aug.

25 Production cf gold In Canada during June estab- "shed a new monthly high record at 316,070 ounces, compared with 308,492 ounces in May and 286,093 ounces in 1 9U5. During the first six months of the current year, Canadian output amounted to ounces, an increase of 16.3 above the corresponding period of Washington, Aug. 25 (IP) Officials of the Agriculture Department opposed today any increase of tariffs on sugar as a means of protecting the market for domestic producers. Takiang issue with a speech in which Senator William E. Borah, Idaho Republican, urged a higher tariff to "give the American farmer the American market up to the limit of his production, Secretary Wallace said that raising import duties "stimulated supplies from insular possessions' and forced domestic sugar beet prices down.

Joshua Bernhardt, chief of the sugar section of the Agricultural Adjustment Administration, issued a formal statement answering Borah's speech in which he said the Senator's "suggestion that an embargo be placed on offshore sugar is fantastic in view of the fact that only one-fourth of the sugar consumption in the United States is supplied by the continental Bernhardt said "the American sugar beet farmer has had the American market up to the limit of his production," and asserted that under quotas established by the Jones-Costigan act the beet industry in this country was "given a market ICC Authorizes R. R. Intervention Washington, Aug. 25 (IP) The Interstate Commerce Commission today authorized a committee representing 12 large life insurance companies, holding a total of $72,287,500 of Chicago Northwestern Railway Company bonds, to Intervene and be a party in that road's reorganization proceedings now pending before the commission. The committee, which will be known as "Executive Committee of Life Insurance Company Group Committee." consists of Frederick W.

Walker. Gladden W. Baker, Dwight S. Beebe, Frederic W. Ecker.

John W. Stedman and Milo W. Wilder The 12 companies which this! group will represent follow: Aetna Life Insurance Company, Connecticut Mutual, John Hancock Mutual, Massachusetts Mutual, Metropolitan Life. Mutual Benefit Life, Mutual Life of New York, New England Mutual Life, New York Life, Northwestern Mutual, Prudential Insurance Company of America and Travellers Life. To Demand Hidier Weaving Prices Paterson, N.

Aug. 15 MTV Encouraged by results obtained by the Pater.son Silk Commisison Manufacturers Association. Pennsylvania Commission Manufacturers prepared today to submit demands for increases in weaving prices to New York converters and brokers. A serifs nf fomilv Ioh.ts" strikes in Paterson brought new contract with converters, in mast costs for higher prices, better work- ing conditions and union recogni tion. The Pennsylvania Manufacturers' step was announced here after a Joint conference in Allentown.

with a committee of the Paterson Association. An agreement for joint action within the association was reached. nn Pririau r.nr.n(oH., Pennsylvania and Paterson areas will discuss plans for an organiza- i tion drive in New England. i "nlcrsnn or, nounced that 1,500 members had em'ollflJ in the Keystone State organization drive. Gold and Silver Come From Abroad The S.

S. Siboney has arrived from Vera Cruz with 344 ban of silver and 16 cases of gold bars consigned to the Federal Reserve Bank. The S. S. American Parmer has arrived from London with 56 bars of silver consigned to Chase National Bank.

The S. S. Santa Lucia, arriving from Valparaiso, Chile, bears three gold bars consigned to the Federal i Reserve Bank. STOCK EXCHANGE NOTICE New York Slock Exchange has admitted to the list Certain-. eed i Products Corporation common Mock, $1 par value.

Thp Fvr-bonoe Vinu ti rnm dealings Ccrtain-tced Products Corporation common Hock, no par valu. Shipping Table Incoming Passenger and Mail Steamships aioun Below Art DavtttM Savtnt Time) TODAY Snip and Line From Dui to Dock Pier AtOONQUIN. Clyde-MalloryGalveston Au. 19, 34 Canal st AMERICAN FARMER, Amer. Merchant London Aug.

CITY OP CHATTANOOGA. Savannah Aue. DROTTNINGHOLM, 8wed 'h-American Gothenburg GEORGE WASHINGTON Aug. Old Dominion Norfolk Aug. 24 LACONIA, Cunard White Liverpool Aua 15.

Cobh. A Line on Liners Star Gslway. Boston flrtOam. 5(NRW14thst SANTA LUCIA. Grace Valparaiso, etc 7 Rector at SANTA PAULA.

Grace Francisco, etc 61NRW21stll SIBONEY, N. Y. Cuba MalL Vera Cruz Aug. 19, Havana. 10:30 a.m.

14 BR Wall at TOMORROW ACADIA. Eastern Yarmouth 6:00 p.m. 18 Murray st AMkRIl AN LEGION, Munson Buenos Aires, ete .1:00 p.m. Montague st Rkn CAI.AMARES, United Fruit. Santa Marta, Kingston, etc 7 Rector st PONCB.

Puerto Rico Puerto Rico 8 00 a.m. 16 Maid, lane PRESIDENT ADAMS, Dollar. World cruise 8.30 a.m. 12th st Jer. City ROB LEE, Old Dom Norfolk Aug.

25 3 00 p.m! 25 Franklin st ST. LOUIS. Hamburg-Amer. Hamburg Aug. IS, Southampton, Cobh 84 44th st -By TOM The speed championship of the North Atlantic has been settled at last.

With the new record set by the Queen Mary, the Cunard Line now only has to worry about shopping around for a blue ribbon and to find something to do with the Hales Trophy. When Commodore Sir Edgar T. Britten warped the Queen Mary Into her dock yesterday, he remarked that "It is just a friendly competition, you know, and it the French break our record we will set another one." And as a stimulus to greater competition and faster speeds, we would suggest that the recordholder have the right to fly the blue ribbon as she moves in and out of port and the loser be Obliged to keep the Hales Trophy. Since it is about the size and shape of an upright piano or a Model Ford car, we are sure the competition would be spirited. The big Cunarder got quite a welcome when she came into the harbor.

There are three big occasions when it is customary to tie down the whistle cords of all the ships in the harbor. One is the arrival of a new liner in port on her maiden voyage, the second is the arrival of a ship making a rescue at sea and the third is a record-breaking voyage. Of course there are a few other reasons for blowing whistles and Judging from the noise yesterday, we have a sneaking suspicion that most captains are something like small boys, they like to blow a whistle just for the fun of it. When the Porto Rico liner Coamo came into port, she, too, had something of a record. On her last voyage to Trujillo City, formerly known as Santo Domingo, she steamed up into a new pier in the Ozama River According to all tradition, Chris Outgoing Passenger TRANSATLANTIC TODAY BLACK HAWK (Black Diamondl, Antwerp Sept.

5 and Rotterdam Pier Wee-hitwkcn, N. Mails close 12:30 sails 3 pm. Prints mails for Belgium, BeiKian Coneo, Luxemburg and Netherlands, parcel post. EXAMELIA 'American EiporO. Piraeut Sept.

14 Salonika 16. Istanbul 18 and Constanza 2'1: Pier P. Jersev City Terminal. Malls close 12 30 sails 3 pm Prints mails for Greece; parcel post for Bulgaria. Greece, Rumania and Turkey.

VfARTEVFFI.S manual. Tape Ttwn Sept. Lunrenro Marques 30 and Heira Oct. 4: 'tlitb Rrnoklvn. Mails rinse noon; sail it p.m.

Parcel post for Reehuana-Unit Protectorate. Northern Rhodesia, Portuguese Fast Africa, southern Rhodesia, Snuthwest Africa and Lnion of Snutn Africa. TOMORROW HAMBUnO 'Hambum-Ainerican1, Ham-bunt Kept 4 Pier 84. N. 44th St i.

Mails close 8 sails 11 p.m I.e'ter mails uddressro ordinary correspondence only lor Germany. INt.KIA Lisbon Sept. 1, asahtanea Tanriers II, I euta and Melilla III; Pier 3, Brooklyn St. I. Mails rlose 11:0 a i sails 3 m.

Letter mails for Morocco and Pnrtural; parrel post lor tape Verde Islands; French Moroeeo, Portugal and Porta. curse West Africa. QI'KFV MARY Cherbourg and Bi.uthamp.on Aua 31: Pier N. R. I i.

Mails close 9 a m. (supp. I in.ins to 11 am); anils 1pm Letter ui.ujs fnr Fiiroi)" AIr.cn and West Asia. I creut Aden. British l-jrita.

Ceylon. Oy-! Kwyu' Iraq. Mttrjeua. Marshall. I inc.

Senegal, Sierra Leone and South WASHINGTON (U. 8. Lines). Cobh Sept. I.

Pi vin.ju-h 1. Havre i.tui HamburR 3. Pier W) Huh St i Malls close asm supp minis to 10 a.m.; sn.l- m. Letier and prints malls for Kiiit.pe Africa itml West Asia: except -luili H.tieKal und Sierra Leone, and except ptinu mails lor Oold Coast, Iraq and Ninena 'Gibraltar, parrel post for Austria FVance, German, Oit.l Briiaia, Uuiiaau, liiili.