The Boston Globe from Boston, Massachusetts • 21

I THE BOSTON GLOBE FRIDAY SEPTEMBER 23. 1932 21 BOSTON STOCK MARKET, SEPT 23 INSULL SOLD STOCK TO NEW YORK CURB MARKET FAVORED INVESTORS REVIVED OPERATIONS I 4 Utridenda mllar SlOCl la 1 Lwt Sal Oixm HixhLowSep23 S-p22 Nat Service 60c.l60c 60c 50c Stock and TXridenda InJJoUaia ASKS COWERCE CHAIM'S AID Hoover Confer I. Harriman on Business 8 AmCooCorp 10 100 10 100 10 100 100 FOR THE ADVANCE Leaders Electric Bond and American Gas Owen D. Young, Gerard Swope and South Trimble Paid $12 a Share Companies Now Insolvent 100 Hamilton Gan vtc. 700 llir Wallier pr.

JUKI Hudaon Bav MAS 360 Hydro El 8 8 3 8 1932 Rich Low 1 30c 1 9 New Eng Equity (2) 10 116 65t NETelTell8). 100 7e He North Butte 14 'a 3 Pacific Mill. Quincy Mining 9 4 Reece 8 84 Shawmut Aot60e) 9 2)i Sullivan Mach 39 7 38 22 Torrington (3) 34 United FounderaCorp. 40 22)4 Urnted Shoe Mach (2.50).. 1) 40e Utah Apex 60c 20e 8J l' Warren Broa Ex-dividcnd.

(a) ritia 6T in etock raid ao far this rear. tAlso para extra. ji, j- At uo Sec r.tiaa ef i ew-Ss fiwoaA Albany 8 fUytno Maine EoaTfrTrvat J80e. Oticafo JASpr (fV Cioper Rarer FiVC.a AFuelAwo Fur pri4 40,... ssr Fi-raHmncUS' fnGmjp.

gs hj 10 (.) I. 1 ty id.s.je, I 5 1 1 1 1 400 Jonaa Naum (b Paid in 1931. (c) 26 3 son Lake Shore V. 2 oo Lb MoN A 300 X.o Star Gai 8 ii 8 7i 8 1 10 if' 2 SS5 8 2 8 1 8 88 3 2 I0O 2 S3 10 9 16 102 80 if i 4 Cvr NEW YORK BOND MARKET vy 100 Marion St Shoe 2 inn Mum Util Aftfto fioo Mari oBIt A 400 Mid st Pt A vln 1 100 Weal Ft pr xw 2 42o Mo-Kan 25 Mohawk. Hud pr 88 M) Mohk Hud 2nd pr 3 600 Nat Aria 8 800 Nat Bella 2 25 Nat Dairy pr 100 WASHINGTON, Sept 23 (A.

President Hoover todsy sought the all of the United States Chamber of Commerce in the move to decrease unemployment and spread buslneas activity. Henry I. Harriman, president of the chamber, after a conference at the White House, said Mr Hoover had eug-geated any aid hia organization might lend the special bualness and industrial committee in decreaaing unemployment, speeding railroad purchaes and aiding buaines recovery would be appreciated. Mr Harriman Raid had reported the President that bualneaa ia distinctly looking up, and there are signs of improvement In many aactiona, but we are not sura how long this sweep will last." Tha mld-Weat lAnow the aore apot. Mr Harriman said he told tha President.

In New England we have 300,. 000 textile workers on the Job who wera not working two months ago. Ths electric power buaineaa la a good indication, and September will ahow more buaines there then in the same period last yaar. Texas is happier and Southern Cal. lfornla is doing more bualness than heretofore.

For the firat time in two years, sales of real estate ere picking up in Southern California. The mld-Weat is the sore spot, but that will get better, too. NEW YORK, Sept 23 (A. for the advance were revived in a few leading Curb stocks today, although gains in most instances were moderate and the rise failed to bring much increase in activity. Traders who felt that the market had acted reasonably well yesterday put support behind some utility favorites, notably Electric Bond and Share and American Gas and Electric.

However, oils remained dull and scant interest was taken in specialties, so that in general the list appeared to have little more than a steady tone. Cord Corporation, Great Atlantic A Pacific, Swift A Co, Newmcnt Mining and the usual list of Industrial and specialty leaders appeared on the tape infrequently, making little variation in price. Dullness of the petroleum issues followed Thursdays moderate recessions on news of further gaeoline price reductions in Jgastero territory. Bond aqd Share was by far the most active stock on the board and its turnover in the earlier hours accounted for a substantial proportion of the total dealings At its best the stock was about three points higher. A- -1 A 26 3 8 2 2 6 2 10n 2 83 19 9 16 1J 102' to rORPORATIOX ROXPR 43 AHechsnr 5s 44 20 Ami 6s go-io! i 3 Ainiil fhm s-i 9 Am men Ss 47 i 'lo i mUUD Ifi NICKEL PLATE 6 PERCENTS i Baltimore Ohio Also Were in Demand Cv LI X- 82 .16 102 29 89 83 69 88 .56 61 37 101 82 57 12 15 4 83 81 96 107 82 36 103 o(l 90 84 69 L8 57 62 37 101 82 57 '1 13 15 4 83 81 96 10.1 43 24 Am T4T r.s AmTJT I4jS 3.

2 Am vi Flco 34 A Arn. oIVI 5 Ss 43 1AT4-P ciI4Ss4h. 21 ATArH sen 4s ss 6 A Line 1st 45s 1 All GiilfAW I 5s 5 BslIAO rig 6s 2 bait A rig 5s 9 167 HmiAil 4 is '33 20(i Nat loves war 600 Nat Service 200 Zinc 600 Newmont Min loo Merchant! nnoNIa Hud 2500 Nlpisams Minea ino Nitrate 400 Nor, Europ Oil A lONorlhweet 102 100 Npradel-Af ,30 1300 Ohio Cop 600 Pac GAE lt 23 25 Par Lilghtimr pr. 91 400 Pan-Ant Alrwaya. 26 40o Pennroad 8 60 Penn PALI pr 96 200 Penn WalAPow 54 loo Philip Motris Ions 2 Phoenix See 3flti Phoenix Sec 11 loo Pilot Radio A.

2 Pioneer Gold 8 loo Puis Lake 47 Put pi Gl 18 400 Plymouth Oil 11 fie" 1 Heih Slcei 3 a 7 5s 07 Huh Low 57 91 25 3 96 62 22 16 2 3 47 21 91 25 i 8 96 64 2 47 18 "2 PM 10 77 7 7 6 6 (Sale) 166 Aoelol Prod A. 766 A imp Wir 323 Alum Co Am 42 Alum Ltd war. 42 Alum Lid war. Am Auttin 1400 Am Beverax 1300 Am Fit PALS JOOO Am Cxao loo Am Dept St il 12 78 7 5 6 73 7(5 6 an agreement purportedly made in January, 1929, by Samuel Insull and the 205 persons, whereby they were permitted to purchase 250,000 shares of Insull utility investments at $12 a share. A few weeks later the stock was first offered to the public on the Chicago Stock Exchange at $27 a share.

Later, in the same year, before the stock market collapse of October, the stock reached its peak of $147 a share. OWEN D. YOUNG CHICAGO, Sept 23 (A. The Corporation Securities Company and Insull Utility Investments, Inc, the two Insull inveatment trusts in which the public had $300,000,000 invested, were adjudged banrupt today by Federal Jdge Walter C. Llndley.

The decrees, which Judge Lindley had indicated last nigh the would aign, were filed with th eclerk of United States District Court in Judge Und-ley's absence -in Danville, hia home. It seems unlikely, Judge Lindley declared, that the stockholders will receive anything on their investments. The heat course of action ia to institute bankruptcy proceedir.ga, under which something may be saved for the creditor of the concern. HAY REFUSE TO PAY ADDED FEES Manitoba Students Act After Btrrsar's Conviction lOr-W RRAN 4s '61 32 2 Otis Steel 6s '41 37 24 Pa- A lee 5s '42 103 BPaimt Pobiix.4s 60 31 9 Penn PAL 4s '81 9(1 16 renn KK gen 63 84 19 Penn RK 4a 70.. 6 Phlla 0 6s '67 89 22 Phil Ril AI t.s '49 57 16 PortlandGE 4 '60 62 3 PoetolTAC 6s '53 87 5 Pubberl AG 4s 67.101 2 Pure Oil 5 82 2 STLlMA4RAGriv33 67 41StI.SK 4s '78 13 4 MLSE 4 '60 A 13 1 Seab A con 6g'45 4 10 Shell Pipe 5'62 83 22 Shell U11 5s'4 ww.

83 4 Sine Oil col 7s'37 96 1 8e Cr Oil 3s 36.103 6 Oil 3 .79 73 11 So Bell TAT 5s 41 .104 Son Phc 4sfiS 59 14 6011 4't till ww 50 11 Belt Tel 37 Oil NM deb 5s 46. lot 7 St Oil NY 4e'St. 96 12TennElPw rf fi47A.loo 37 Tex Cnn 5s rvt 44 91 30 -i'ob Prd NJ Rs2022 94 lo I Par 1st 4 47 97 30 1 nit Prog Pel 79 34 Rubber 5s 47 58 34 Ulil PALt 5s59ww 38 5 Vanadium 5s 41 5.4 24 Virginia Rv 5s 62 95 5 WarnerBros 6s '39 32 6 West Maryland 4s'52 61 8 Wet Pac 1st 6s '46 38 1 PennPnw5s'56 105 2 Wpstern Union fis'M 66 4 Western Vmon5s '60 60 2YYilson A Co lsl6s'41 87 FOREIGN ISSUES 19 YonnrstwnSAT5s'7R Abmbt PAP 5s '63 23 5 Akershus 5s 65 It Arsenlins 6s '57 A. 65 32 Arg 6s sf 59 55 4 Ant 6s '111 Feb 5.5 17 Arr 6e 1961 55 21 Australia 6S5'5 81, 141 Australia 4 is 56 74 5 Belsium 7s .46 ....104 '7 Berlin! El 6s51 49 2 Roln ia 8s 47 8 8 Bordeaux 6s 34 ....104 a 1 Riaril 6' 10 3 Brazil 6s 27-57 17 60 Bluish ..105 2 Budapest Os '27-62 27 41 Buenos A 6'6t 31 5 anada 5s .52 P0 8 Canada 4s 60 8.4 1 hile 6s Ml 1(1 1 4 hile 6s 61 10 2'IFolombia 6s fil Oet 36 2 Copenhagen 5s .42.. 78 34 Denmark 4s 62 79 I Deutsche Bk 6s 32 86 10 Puke rice Pw Hs 66 6.7 5 Finland 5s 58....

67 4 Frpm 7s 41... 322 18 GerCArBk 6s 38 Apr 51 19GerCAePk 6s bO Ort 47 27 1 Ger Govt Inti 5s 65 -40 8 Ger Rep 7s '49. 70 3 Ger Gen El 6s 48.. 42 5 liseder Steel 6s '48 42 6 Dal Pub Util 7s '52 84 3JlaIv is 1951 9.4 1 6 '54 64 9 Marseilles 6s 104 5 Milan Ci 6s 52 78 1 Minas Gera 6g 59 11 56 New Wales 5s .57 78 3 Nor Ger I.lovd 6s '4 7 4.1 1 1 86 6 4 1 22 27 32S 32 1 1 27', 29 44 47 1 73 57 9.4 104 29 3 3.4 47 101 4 86 101 34 51 1i 102 3 81 ll til'. I 42 86' r7 14 ar 80 44 66 .71 1 I B- 47 47 94 74 58 10(1 29 3 34 47 101 94 36 102 34 51 61 102 .7 84l 11 81 61 42 86 .47 304 44 52 47 66 1 ift 85 6 4J 4 2 27 1 'Vi 81 22 22 12 24 1 Cr nw three-year notes Orern consideration I ij (if t-e R.

F. -to post 1 c- Fa mere A Ohio'a new three-year notes. Purchaser Bound Not to Sell Tha purchasers, however, were bound in the agreement not to dispose of the stock for two and one-half years without first offering it to the company at its market price. This provision, however, was referred to by Asst State Atty Charles Bellows as a joker, Many' of the 205 persons listed were Insull employes. Others named included Owen D.

Young, head of the General Electric Company, against whose name was listed 4000 fthafes. Another name given was Trimble South, 1000 shares. South Trimbl, clerk of the National House of Representatives, said at Washington last night that he had bought 1000 shares of Insull Utility Investments at $12 a share. He asserted the purchase was made before the stock was ever listed at all. I should have gotten out, Trimble added, but I stayed, like everybody else, until it waa worthless." 1 3 29 10 1 It 1 6,7 42 1 4 46 4 20 98 1 11 1 3 29 10 ft 1 'ft 6.7 42 1 1 4 46 4 20 98 1 11 406 Railroad Sh 1 loo Reliance Inti 300 Repub Gaa 100 Rich Rad cv pr 1 150 Safetv Car 3 6 2on St Rena 6 20 St Rena Pap rr.

41 6 jj 1 8 82 22 23 12 25 1 ll 9 19 41 8 2 4 4 ItJ 4 7 29 40 1ft 4 100 Salt Cr Prod 200 Selected Indus Set Ind (al 300 Shenandoah 100 Shenandoah hr 200 Sherwin-Wma 15oo Silica Gel 1 5n Smith AO 100 Southern Coro loo So Nat Gaa loos rent, loo Stand CapASeal 8900 St Oil Ind 400 St Oil Kv 150 st Oil Ohio 800 stand Puh Sve A 1 oo Starrelt pr 2oo sttii 3f0t 100 Swift A Co. 400 Swift int 60 Swise-Am El pr 600 Teck-Huth 600 Texon Oil 1400 Toh Prod of Del. 300 Toh Sec Ltd D. 1606 Transcnnt Air 200 Trans-Lux 100 Tri-Cont war 1 loo Unit Am Util ioo Unit Corp 2600 Unit 2300 Tmfed Gas United Gae loo Unit Gaa pr 900 Un Lt A Pow A 700 t'n Lt A ct pr 200 Unit Shoe 1 oo Elec Tc 200 IT Finish 200 Foil XITV TORK. Fept 23 (A.

f. rcor speciiative and recently tend spl11 rallying todaj, but the movement of ca'cg oriea moderately irreg-t r. y-e aitim of yeaterdaya in the carrier group Nickel and Etimre A Ohio 4 v.rdd sharpy in early trading. '-r y.i-Wel Fiates were up around four at one me. while the B.

A O. X-wrered a po.nt or more. of the Nickel Plate were sirc urgent request to holder to tfc.r 6 percent securities, due t- first ef October, approval of the ng plan involving a loan from t-e Reconstruction Finance Corporator! Under tne plan the road would Ti in cash and the remainder of the decl-postpone action request for a Ins to a.i in the maturity ef is 4 -s March 1 next, brought a brr fee ng rr.or.z the owner of this T- Federal Loan Agency, it tt I felt thre was no tjj )-. rase ant is expected ti t'-e matter up again at a later pr nnral gainers among the cj-r c-s some losms of Cnl-rii A Northwestern. Ft Paul.

Erie. Kuril Fee. fir. Rock Island and Fee 3 iru. Not all of the rails par.r pated in the recovery.

however a the declines were generally T-e and Industrials wire t-i-- ed. The rubber company group a tendency to advance, but he were inclined to hesitate. In- e-l Telephones rallied brisklv. V-tt cf the higher grade loans held to a i range. Te States Government sec-j "i vs firm, while foreign obliga-j tm wre a trifie easier and rather' IT vi TTF GGUFRNMENT BOXD itv ir s-d "Purlr Hi Hi-i Ijn-w SO lctLi 1 ini ru loi 1 it v.vi 4 I LI tet lot 4 a i i 1 NtN 44 14 i' 14 i 4 1 17 4l.rJ;n 4 4T WiO 22 122 41 12T 30 2 4 1 T-i e' rT.

..31 37, 2 19 41 1 an Hr 4 's 22 I an lai ilch 4s 1 1 cut 1 LAG 5s 51 SI riiiin-lFed 5 1 urn '47 xfhn- arm 5s -si 20 I A eel 4s 5 27 1 33 r.4 Pi adj.ls 20n ll's llllhl-ANVV' ci 4. .40 211 i 36 hRJAp c.t 4 go 32 33 hRlAP rfr 4s 34 47 6 I ftile Cnn f-s 47 47 3 inn G4 El 4s'6 94 2 i levLnTerm4 'is IIC 74 I nlnn Oil As As 5i lom-UnrT- 5is49. P5 15nn Gas NT 6ia45 liei'i ruh Rrs 5Sa 42 29 4 I ufcranePro1 6s so. 3 31 11 A Hud rig 4s 43 34 6 I A con 4s 36. 47 11 Ilel Ed 5a 49 A 101 4 Pet Ed 94 5 Pod Br deb 6s 40.

56 1 Pun urs l.t 4 67 A .102 2 ne rf A imp 5s b7. 36 Fne en lien 4e 96. 51 2 Gen table 5s47 3 7 l.en Mol Arc 4s 37 102 1 Gen The Euuip 40 li.oo-!r TAR 5s 57 34 2G4 Tk Hr an Cs .76 101 13 Gl Norm Rv 7s .46 4 52 Gt North '77 62 2 Hudson oaf 5s '6 2 A 42'i 1 HiiAAH rf2 5s '57 A 5 adi Inc 5s 57 57 3 I I hell Tel 3s 56 lo.l 17 1 inni. Tent 4 66 45 3 52 41 mami JS 61 lilt Tr Tie 5'S 6. 46 3 Int ment 6s '4a 66 lnt Gt Nor ad I 6s 52 1 Int Hvrt 6a '44 50 1 Int Paner 5s47 44 34 lnt TAT ci 4 39 60 59 Int TAT deb 44 1K PALI 4hllol 2 houth rig 5s 50 59 19 Term 1st 4s 60 2 Lac Ga 6 ti.

5s53 67 20 Lailtar N'Orate 6 12 Iatei vers.ts 5 1 J0.4 5 1inllird 5 '51 Ibl 5 fvniAN' unifier! Is 40 37 4 Minhat Ky 4s 90 21 14 M-K-n A Rb4s30 47 3 Mil Rv-L 1 5s '61 84 1 l6PA-8kM 1 cn 4s '36 50 2 M-K-Tcx 1st 4s '90 78 Pan oil 5' Pan 5s MPae een 4s 73 21 31 Mo Par 1st 5s 81. 34 17 Mont Pw rf 43 A 00 57 Xu Pairv 5s '48. 90 -7 Nail tee! .4 5G 81 3N Enjr TAT 6s 32 15 2 Pub sv 5s 54 t.9 31 NYC rlAimn 5s2(M3 .2 2 MCA HR deb 4s 34. 82 12o N'V 1 hi A 8L C.s '32 3o 21 NT ChAsiL 4s'7C 27 2 NY Kill if 5 a 4 1 111 NYNHAH lArtis 7 70 19 N'T Tel -ei 4'-3i lot 13 NY 44 A Rost 4 1 16 54 3 Niag 8harea .4 So on 4 Nor Am Kd 3. 67 88 17 Nor Am hd 5s (9 31 12 Nor 6s 2017 8.7 22 pr lien 4'97 84 1 States 5s 41 A.

101 1-too 275 Plav Card. IS WINNIPEG, Manitoba, Sept 73 fA. A university of Manitoba student committee wea considering a proposal today that atudenta refuse to pay Increased tuition fees following the conviction of John A. Machray, former university bursar, on theft charges. Machray, 67-year-old lawyer and custodian of university and church funds for many years, began a seven-year sentence in Stony Mountain Penitentiary today, after pleading guilty theft of $500,000 from the university and $60,000 from a former law partner Both univeriity and Government au thorliea claimed the increase in tuition Avas made necessary by economl conditions and not by losses In university endowments.

Dissatisfied with this assurance, students met last night and named a committee to Investigate a proposal for mass refusal to pay fees. Meanwhile church authorities appealed to Church of England members throughout Canada to aid in reatoring depleted funds of th diocese of Rupert' Land, which Machray controlled as chancellor of the diocese. An auditors report placed loases to the church from these fundi at $860,000. I 2 "ft 2 100 Be aneift Alrc vie 1 oo Blue Ridee 3 100 Blue Rid cv pr. 29 ion Bra T4L 10 ion Brit Celan 1 200 Bwana M'Kubwa 1 1 linOCan Mare 1 looCanb Syn 10OCelanee pr 63 inocelgneae It 45, 300 ten Pub A 1 100 CeD Sv 1 3000 ten St El 4 25 Cen St F.l pr ..40 8400 ft tie Service 4 10 Cit Serv pr, 20 JOOCoInmb Syn 200 Colon Oil 1 75CeJum G4E ev pr 98 SOOColum OiG vtc 1 lOO Colli Pie lOOOUomwIth A So w.

)1 .500 Com stork Tun t' inn cons GAE Balt 66 SOOCont Chi 2 loo Con Seevur 1 1700 Cord Corn 8 300 Creole Pet 2 100 Crown Inti A 3 110O Deere 3b Co 15 lOODe Forest A 125 Duke Power .61 200 East Ga 8 200 Eisler Elec 2 61300 F.I Bond A 36 200 El Bond Sh pr. 60 200 El Bo Sh 5 pr. 56 200 El Po.w As A 200 El PAL opt war. 6 25 El PAL 2d pr A 24 200 Emp Diet El pr. 18 Bankruptcy Hearing Wednesday Both companies have been operating under equity receiverships since April 16.

Judge Lindley, at his home in Danville, 111, last night consented to act on a bankruptcy petition against the concerns presented by a Chicago law firm which represents a group of bondholders in both companies. He will hear tle petition next Wednesday. Earlier in the evening the receiver for the Corporation Securities Company filed leir report, in which they held that the investment trust was hopelessly insolvent. It was formed by Samuel InsuU shortly before the 1929 Stock Market crash. The assets of the once $140,900,000 concern were so meager, the receiver reported, that they were unable to meet the expense of having an inventory made.

There were bales and bales of worthless stock certificates in the treasury when we took possession April 16, they reported. The only assets convertible into cash were $30,000 in tax anticipation warrants. li 15 66 87 69 23 65 54 54 53 54 80 73 105 49 8 104 16 17 105 27 3i 99 85 V. 10 36 78 78 86 63 63 122 .50 47 4ffl 69 42 42 81 95 63 1 04 ii TI-: 84 50 102 5. 52 44 80 85 7s 50 44 74 32 bb 1 68 4 38 42 52 36 66 SV 69 Vi 23 65 55 55 55 65 81 74 105 49 8 104 16 7, 17 105 27 31 99 85 10 10 "4 36 78 79 86 67 63 122 51 tJtt 50 70 42 42 84 95 64 104 IT 78 41 85 50 102 7 57 52 44 -4 80 85 74 50 44 32 Mi 05 104 .18 48 3 42 f2 6 lik 1 14 9 19 2 2 4 2 44i; ft 4ft 40 l5 8.

2 66 2 1 5 2 11 1 89 8 2 33 60 49 7 6 24 18 28 66 2 1 5 2 3 13 A 69 8 2 3.5 60 66 7 6 24 18 28 24 ft 3 4 s3 40 S' 3 88 2 ft 'orav 44 4 PariHma ii.l 28 200 Eureka Pipe 100 Unit Stores loo Utah Apex 206 UtilitT 1200 Util Pow A 50 Ut PAL pr 100 Utility A 106 Van Camp pr. 100 Walpreen ion Wn-Low Caf 2O0Woolworth Ltd .3 8 2 1 18 2 9 505 4 Par-Oil RR 5 SC8 102 la 3 Peru 1st (0 7 12 Poland 10 5 7 Poland 7s 47 JlPrtiHKia fs 4 Rome ft1! 'Z2 MS Roial Dutch 4'45 86 I 8ao Paulo 8( Vs 40 .711 5 Sax Pub Wk 4474 9 Verbs Cl, Slov 7s 1.2 .72 11 lenienAHal 6s51. 6 keden 5s 97 2 tftio 5s 104 1 biOney 5s 55 68 2 Tokln City 5. 'fli 48. 3 Tokm FI Lt 6, '53 38 -I bll Wk6s51A 42 4" V-ienna car 6s '52 52 6 Westp Un Tbs 53 36 13 2i 13 2 9 CONTINUATION DNMEE CASE Leniency Asked for Man Who Aided Gray Brokers Bought 47,000 Shares Halsey Stuart Co, Chicago and New York brokerage investment houser was included on the list with the annotation of 47,000 shares.

Rosa Raisa Rimini, star of the Chicago Civic Opera Company, into which Samuel Insull poured part of his millions in the davs of his affluence, was listed as the purchaser of 200 shares. A feiv of the others were Gen Milton J. Foreman, Chicago banker, 1000; Stuyvesant Peabody, head of the Peabody Coal Company, Chicago, 2000, and Gerard Swope, New York, 2000. The failure of the Corporation Securities Company is easily understood, the receivers reported, when consideration is given to the last audit of the corporation, prepared as of Dec 31, 1931, which disclosed holdings in the corporation portfolio of Insull Utility Investment stocks which are given a book value of $58,756,202, and stock of the Middle West Utility Company, which had a book value as of that date of $42,829,77 2. This stock, carried on the date of the audit as having a book value of approximately $100,000,000, had a tremendously depreciated market value three months later, when the Insull utility empire tottered into receivership, The Utility Investment stock has lately been offered at 20 cents a share, while stock of th Middle West has recently ranged from 25 to 50.

cents a share. IMPORTANT WITNESSES FAIL TO APPEAR AT STATE HOUSE Continued From the First Page I Insull Fought to Prevent Disaster Through the maze of statistics contained in the report could be traced the last desperate efforts of Samuel Insull to save the, tottering company. The statement of liabilities indicated hs had obtained succor from banks, from affiliated companies and from manufacturers with whom his companies did business. Then, with other sources exhausted and the market value of the company's securities steadily declining, he had pledged his own credit in a last vain attempt to stave off disaster. Yesterday was replete with developments in the investigations being conducted into the affair of the companies once headed by Samuel Insull and his brother, Martin, now both voluntary exiles in foreign lands.

State Atty John A. made public, without comment, a list of 205 favored investors in the stocks of the Insull Utility Investments, Inc, a $250,000,000 enterprise. With the list was attached a copy of. MRS CHAPLIN MAY MAKE 3D ATTEMPT Studio Gives Up Plan to Film Two Sons EDISON HOLDS STRONG Ifi LOCAL MARKET ADVERTISING HEEDED, iriSURAHCE lilEII TOLD To Stimulate Business, Restore Confidence MACFARLANE HADJ7 AGAIN Leads Field in the Open Rockledge Tourney 1 i I' I to Arcadian Continues Move Forward SOLUTION NEAR IN MILK SITUATION Manager of Two Plants So Assures Dairymen LANDERS NEW PRESIDENT Cooperative Bank League Final Session Held PHILADELPHIA, Sept 23 (A. Charles L.

Gandy of Birmingham, Ala, today wag elected prsKident of the National Assoeiation of Insurance Agents in coni'ention here. Allan I. Wolff of Chicago was elected to the chairmanship of the execu-tii'e committee. Gandy succeeds Kenneth H. Bair of Greensburg, Penn.

Elbert Dodge of Buffalo, national councilor of the organization, in an address, suggested an intensive plan of cooperative adi-ertising by insurance companies throughout the Nation as a means of stimulating business and restoring confidence in American institutions. I suggest, he said, that we provide a sum equal to one-half of one percent of the total volume of premiums for this purpose. This would be a very small contribution oy an individual agent, and would be more than offset by the increase in business and good will created. The time is now here when it is absolutely necessary that some plan of this kind be followed. prohibition and did not know It was a paper for the nomination of a gubernatorial candidate.

Each witness said the name of Mr Doherty did not appear. Lynn Paper Folded Over at Top John J. Lynch of Lynn, when shown the nomination paper, dented that it was his signature there, although he admitted having signed. I just scribbled it as I walked along, he added. Other Lynn residents who testified today that they signed the paper under the impression that it was an attempt to repeal prohibition were Michael J.

Lulhvan, Philip O. Smith, Burt L. Phillips, Patrick Neary, Daniel O'Callahan, Charles Andreus and John C. Meechim. Each said the paper was folder over at the top and that they did not see the name Doherty on it.

Daniel J. Sullivan, Augustus Aider-son, Francis L. Ryan and Stephen Me-Goldrick, all of Cambridge, gave similar testimony. i William Kelley of Quincy identified his name on the Doherty paper, stating he signed it thinking it a prohibition repeal petition. Headded he would not have signed it had he known it was a Doherty nomination paper, inasmuch as he had previously signed a paper for Youngman for Governor.

Thomas Curry, Patrick Hurney and William F. Gourville of Quincy said they had signed the papers, believing they were signing for repeal of the 18th amendment. Donald Sass of Quincy repudiated signatures purporting to be those of his mother, Meta Sass, and his sister, Elsie. William F. OConnor, Quincy, identified his 'signature and said he supposed he was signing for repeal.

James A. Nish of Quincy stated, In answer to Mr Sullivan's question, I aam pretty sure the name Doherty was there. LOS ANGELES. Sept 23 (A. Grey Chaplain, divorced wife of Charles Chaplin, screen comedian.

Intimated through friends today that she would make a third attempt to go against the wishes of her former husband In endeavoring to launch the couples two young sons in film careers. The first move Mrs Chaplin must make, however, will be to get a studio to offer Charles Jr, 7, and Sidney Earl, 6, a contract. The Fox Film Corporation, which had signed the youths only to meet legal opposition from Chaplin, yesterday announced two other boys would take part in the production in which the Chaplin lads were to appear. Chaplin thwarted plans to put the boys in films in a recent Superior Court hearing and succeeded in having incorporated in the original divorce decree the provision the boys should not be employed in any manner without consent of the father and mother or without 'the courts approval. Later, Mrs Chaplin filed a petition In Probate Court, as guardian of the boys, in which she sought approval of the contract she had negotiated with the Fox Film Coporation.

The film company yesterday, however, asked the petition be removed from the cab ndar and the judge granted its motion, leaving Mrs Chaplin without the power to negotiate a contract. WEST HARTFORD Conn. Sept 23 (A. Lanky, bespectacled Willie Mac-Frlane. who won the national open championship In a 36-hole playoff with Bobby Jones at Worcester In i925, shot a 67, hia second of th tournament, to go into the lead today in the 36-hole final round of the Rockledge open golf championship.

Hi morning card, fii'e under par, gave him a total score for the first 54 boles of 208. Five strokes behind him wa Bobby Cruickshank of Fort Richmond. who shot a 70 this morning. Jack Williams, New Haven professional, scored a hole-in-one on the 145-yard 18th. Paul Runyan.

'White Plains, pro led the field during the first two days, dropped to second place with 210 after shooting a 72. He was leading MacFariane by three strokes when play waa begun this morning. Other 54 hole rorc-J 8 3-rell. Clinker I onnell. Mernmnk 77 Bron.iMxi infer Hrbor 64 Tii'ner No Bdarn .....76 Shinikooin- Anrlmer 72 Jim Bnton ....76 atiaiKa.

77 F-rherititham. Glen Prook 77 A Sprier field ...75 Ymnr, The Or.harde ....73 Smart. Berkshire 76 r'ri k. Sprinefieid. Ford Ueda- Hi'l 7 .7 73 76 77 76 76 74 T8 77- 71 74 77 72 71 70 221 74221 75220 72 224 77 225 79 229 79 2 to 75225 77 225 82 229 -7 270 742 22 69 216 Tire was a fairly firm price situa-t rMlting from the light trading 7 t'- Boston Sock Exchange today, tf s'l to show underlying r.gn jind was marked up more pmt.

American Telephone Ht a pent gain, while New England Iru at ich. Eastern Gas prior wa a pc cf A Maine prior and "A "iped two points. Neiv fii's rd Pennsylvania held to minor nrs. Chicago Junction preferred cv than a :r.t. United Fruit 44 firm and Eastern Steamship tnd 1 e.

wa. firm in the indus-t yho Machinery sold as high 4' l.t canceled part of the gain. 'te and General Electric did not t- Warren Erothers eased fra -n. First National Stores was r-rxly in the specialties. continued to feature the '-77 ed leave, some 2509 shares be crier and the price sold up the peak of the year.

appears to hai'e been 2 t-e last week, and to- eirt.m 4r tne greatest a the stock. This p.rSa-'y rntrance of the com- t-tt) C4P.vi.an gold mining proj- 0rr rr nirg shares held shout 14 rot change to anv At-mii; losing arrall frac-, 5 ra-e rg har were firm. The were dull, with Ameri-s s-d Cent off a fraction. ADAMS CENTER, Sept 23 TA. A committee appointed at a meeting of dairymen who gathered here last night to consider the milk situation in New York city today had the assurance of Harold A.

Wilder, manager of two plants of the United Milk products in this area, that matters will be satisfactorily adjusted. B. McConnell of Fierrepont Manor, one of the committee members, said this morning that he had been in communication with Mr Wilder and READJUSTMENT PLAN FOR GEN. WATERWORKS ELEC. that Mr Wilder said a solution would A jilan of readjustment of the Gen be found.

Wilder manages plants here 75 so 77 SO 77 76 75 71 72 73 7 and at Pierrpont Manor for United Milk Products. 76 231 81 276 76 225 7 277 78 271 7 2 225 77 220 76219 76 221 77 221 7 222 72216 KO .7 ,.7 .7 77 78 .73 75 .77 .72 Frak fjillr HarrhJH V. Ruk, Nmporl. I. lumr.

North Kana cur. Tom JVrm New Irwin. White fh.l T3rn, F.Imfnrf1 O-nfleid. FYret Hill Faton. UnrR k.

Mik 7urnra. FairwiCw Judge Elias B. Bishop in the Suffolk Superior Court todsy continued th disposition ths case of Herbert J. Me of Mapleton st, Brighton, who waa found guilty of being an accessory after the fact of Bad Willie Gray escape following a gun battle in Alla-ton last February, Attorney Herbert F. Callahan, counsel for Mee, told Judge Bishop that ha had spoken to Rupt Michael H.

Crowley of the Police Department about the matter and that Rupt Crowley hid notified Capt ohn J. McGrath and special officer Arthur M. Tlernan of Rtation 14 to appear as hia representatives. Attorney Callahan said that as a result of a talk he had with Judgs Bishop, yesterday, ha went to Police Headuarters and discussed the tact of the Mee ease with Capt Anderson end Supa. Crowley.

The latter, attorney Callahan told tha court, then had a telephone conversation with Capt McGrath at Rtation 21 Later attorney Callahan said Rupt Crowley told him that he had instructed Capt McGrath to have the man wh made the Gray arrest appear befor Judge Bishop and state to him th facta that in the officer's opinion Me had been instrumental In the apprehension of Gray and that Mee had been of such assistance to the police that ts a matter of police policy he felt that leniency should be extended in the matter. Following attorney Callahans statement to the court. Capt McGrath wa called to the stand. The captain stated that he had a telephone call from Rupt Crotvley yesterday afternoon, asking what information Mce had given the Tolice Department, and if this information had led to Gray's arrest, Capt McGrath said that he lnformedi Rupt Crowley that Gray su arrested In Grenfleld, H. as th result of thi information.

Capt McGrath said Me was incustody six hour befor gav the Information. Capt McGrath aaid that Rupt Crowley said that he wa not making ny recommendation, but that he had objection If leniency were shown. Attorney Callahan aaked Capt McGrath if Rupt Crowley in his telephone conversation had not said lt did not matter that Me gave information tx hours after his arrest and if Rupt Crowley had not said that as a matter of police policy the assistance given in the Gray ease should given consideration. Capt McGarth replied that Rupt Crowley had said this. Capt McGrath stated that Supt Crowley had mad no recommendations.

Rpeclal officer Tiernan, who was on of threp officers who captured Gray, admitted that Grays arrest followed information given by Mee. Judge Bishop then told attorney Callahan that he did not think th attorney had ahown what he said would show last night. Callahan replied that had don all could ahow It. He said that the Information given by the defendant had enabled the police to apprehend a man wh was st th tlm considered a dangerous man. Judge Bishop stated that he did not wish to aaaume th responsibility of extending leniency without mcil recommendation by the Tollc Department.

Attorney Callahan then aug-geated that the court clerk could instructed to not on the paper of th case the fact that the leniency, if any, was mad at the request of th police. This wouldrclicve reponl-billty, he said, if any question arose the future. Judge Bishop wished to know if a State Trlson sentence could be to run concurrently with a parol sentence. After further dlccusi.ion th case wa continued to Oot 3. st 4 31 m.

In th meantime Judge Bishop eald he would communicat with th Parol Board, PWMINGHAM athlete FACES THREAT CHARGE r- Q-rk ef 21 Shawmut ter- FOREIGN STOCK MARKETS 4. F.ia.cjaam, well-known Mara- qLANCE "'3 the' Middle THREE RAILROADS TO BE IN BRITISH POOL LONDON, Sept 23 (A. plan adopted by two major British railroads, the London, Midlands A Scottish and the London Northeastern, Ja6t July to pool profits and services for the purpose of scaling down losses and competition, will be extended, the Ministry of Transport announced today. The Great Western road will be brought into the pool, the announcement said, wherever it overlap the other two. DEDICATED ATWESTBORO HOSPITAL WESTBORO, Sept 23-The dedica-tion of the new auditorium at the Westboro State Hospital took place last night.

The auditorium, one of the finest In this section, is of brick construction and has a capacity, of 1000. Tha building has granite trimming and is located near the Administration Building, overlooking the tennis court. It will be for the benefit of the patients at the hospital. In the basement are recreation quarters for the employes. The patients can reach the building through an underground tunnel on stormy days and in the Winter without' going outdoors.

The building la fireproof throughout and of modern construction. Last evening, incidentally, wa the first time talking pictures have ever been given at th hospital. A new organ has been installed in the build-lng to aid In the entertainments. SWAMPSCOTT, Sept 2.1 William R. Landers, treasurer and director of the Mattapan Cooperative Bank, Boston, this morning was elected president of the Massachusetts Cooperative Bank League at the closing session of the 44th annual convention of the league, which opened at the New Ocean House here last WTfflnes-day evening.

The new vice president is Raymond P. Harold, treasurer of the Worcester Home and Equity Cooperative Banks. Warner M. Allen of Boston remains executive secretary. The first part of the last session was devoted to the future of the cooperative banks in this State by Milton B.

Wlggin, treasurer of the Wollaston Cooperative Bank, Quincy. Herbert F. Taylor, president of the league, presided, and-the meeting heard final reports from the credential, resolution and budget committees, as well aa attending to minor unfinished business and naming delegates to the United States League convention next year. To Ask Enabling State Legislation In order that the cooperative banks In Massachusetts may become members of the Federal Home Loan Bank system a committee was appointed to draft a resolution dealing with enabling State legislation. Frank R.

Whitney, vice president of the Merchants Cooperative Bank of Boston, suggested that any action on the matter be delayed until the mid-Winter meeting of the league. Mr Whitney felt this step would be a wise one at the present time, because, he said, in his opinion, the home loan plan ia indefinite. He Baid that withdrawals at his bank have dropred to normal, which indicated to him that perhaps the turning point in the depression has been reached. The retiring president of the league expressed the belief that the cooperative banks should begin at once taking steps to obtain the necessary legislation so that cooperative banks may join the home loan system. Mr Taylor said he was confident that the United States Government would make a success the Home Loan Bank System because the Government had made a success of everything except prohibition.

RAILROAD EARNINGS Rallrond report in? their Alinit riel oor-, ilmr imom in romprjiRon ith tne 1U31 month, included the fol.uwm 1 932 rhenreake A $3 971 641 Lehisn Valiev 198 716 Maryland oj J96 Y. Chic A Louie 170.16 Y. Chic LONDON. Sept 23 (A. waa leas active on the Stock Exchange.

Irregularity in the speculative sections resulted from overnight Wall Street news, but a fair recovery occurred in transatlantic issue, oil shares and industrials in the afternoon. securities were higher throughout the day and the closing was steadier. PARIS Less favorable news from Wall Street, coupled with week-end sell.ng, created a certain Indecision on the Bourse, influencing dealers in most all international shares. An Improvement et in later and a good portion of the losses was regained. The closing generally was well sustained.

BERLIN Price on the Boere fluctuated. closing with a slight recovery. I. C. C.

WAIVES RAILROAD INVENTORY REQUIREMENTS WASHINGTON, Sept 23 (A. Interstate Commerce Commission today waived for the year 1932 its requirements that railroad companies each year take Inventories of materials and suppliea. The order said the action was taken as a matter of financial relief to the railroads. The inventory requirements have been in effect since June 25, 1914, and July 26, 1918. eral Water Works and Electric Corporation under which Wiley F.

Corl, chairman: W. Winana Freeman and Harry Williams Jr are acting aa the readjustment committee, made public today, calls for the organization of a new corporation, the General Water, Gas and Electric Company, which will acquire the assets of the present company. and also a controlling interest in certain additional public utility companies from American Equities Company. The interest charges and preferred dividend requirements of the new company will be 66 percent less than those of the present company, bringing the annual requirements of the new company, for these purposes, down to compared with $1,829,863 for the present company. On the other hand the earnings of the new company are expected to be substantially Increased over those of the present company through the acquisition of additional properties from American Equities Company in exchange for common 6tork of the new company.

The plan wa worked out in conference with E. H. Rollins Son. Inc, Central Republic' Company and Stroud A Co, Inc, the corporation's bankers, and embodies suggestions made by an independent committee comprising Edward C. Delafield, vice president of the City Bank Farmers Trust Company, chairman; G.

Hub-hard, vice president, J. G. White A Co, Inc, and John II. Mason, vice president of the Pri sylvania Company for Insurances on Lives and Granting Annuities. The City Bank Farmers Trust Company, New York, has been named depositary under the plan.

REGULAR G. E. DIVIDENDS NEW TORK. S.pt 21 (A. P.l-Th General Electric Company today declared a regular quarterly dividend of 10 cents a share on the rommon stock.

The usual quarterly payment of 15 cents a share on the special Atork was also voted. Both dividends are payable Oct 25 to ftock of record Sept 30, r-SEr. appeared in F-rrfcr Criminal Court at East Sir.dg today on a secret him with threatening to property of tha Framingham L-svr Corn-auy. with intent to com-L-t corporation to do an act i petted not guilty and was held 7 rf Autboriti claim wroe a letter to the rom-' A 4 trreatenlng to bum their una they a 7 eo-pLct. ft TiLDEN DEFEATED IN PF.O TOURNEY TODAY RLI.W Rept 21 (A.

P.I Bill -z. last of the American rprent--' the professional tenma tour JCf'sr. was defeated in tha atml- hy Martin Flaa of France The wa 60, 75, 8 6. A. hough defeated.

Tiiden was not ounated from the championship f4y. Th four semifinalists meet in el.mir.aiion plav for th title. Earn lr.t to Roman Najuch CzerhoalovakA r-Ei e-3. 1-4. fij-4.

Paper From Rowing Coach Manning Dennis J. White of Watertown, a watchman at Harvard College, who was expected by counsel for Aepresent-ative Higgins to give important testimony, was next called to the stand. He testified, in answer to questions, that he circulated one of the Doherty papers which he had obtained from his Bon. Asked whether he got the papers from James Manning, a nephew of his, he replied that his son might have done so, and added that he heard last night that such was the case. Manning, the nephew, is a crew coach at Browne A Nichols School, he stated.

Mr White was further questioned by attorney Sullivan about Manning's political activities. He replied that he knew nothing about them. He reiterated that his nephew was a rowing coach. Edward D. Larkin of QUincy denied that he had ever signed the Doherty papers.

He repudiated the signature which was supposed to be his. Teh name of Doherty was on the paper when he signed it, according to Walter J. Carney of Cambridge, who declared he signed the sheet when Mr White asked him to, although he didnt know Doherty. Attorney Sullivan then introduced Dohertys statement waiving his rights to insist upon the presence of witnesses and requested that he be permitted to present affidavits bearing on the case from others whose names appeared on the Doherty papers. This was denied by Chairman George F.

Beckford, chairman of the board, who aaid: You know our feelings regarding affidavits." The hearing on the Doherty cse was thereupon adjourned to Wednesday or Thursday of next week, although the commission will meet again Monday at 10 to conalde djfiS teri. LONDON METAL PRICES Wridav cloning price on the Londo; price Metal Exchange, with the net change, fo NEW ENGLANDERS ARRIVING ON LINER EUROPA NEW YORK, Sept 23 Among the New Englanders who arrived today on th North German Lloyd flagship Europe from Bremen, Southampton and Cherbourg, were John H. M. Howell, Otis J. Carlton, Miss Helen Carlton, H.

D. Carter, Dr and Mrs Otto Oldenburg. A. E. Benfleld, Misses Margaret B.

Ormnt," s. Nelson, Helen Johnson, Marion E. Rowse, Mr and Mrs Jean Bedittl. Misses Mary Lodge, Cordelia C. Job, Pauline A Henberger, Mary I.

Henberger and Lila Frankfurter, Boston; Mr and Mr Louis Black, Brookline; Mr G. B. Harrington, Miss Josephine O. Graton, Mr and Mrs Tayson S. Wild and Mitt Stetton Jr, Cambridge; 1 N.

Becker, Dorchester; Miss Bertha Prof A. C. Vezzette, Northampton; Prof O. M. Robinson, fttfjFiston, Me, ow; Spot copper f3S 2 64 lla 3d Future 36 2 8d 12 8d Flpclro .1 6 Electro lfla 6a Sale.

pot none, future 1000 ton. Spot tin 1.53 1,5 12 64 Future Hu 1.55 30 32 Mrait tin il.Mt 6a 7 6u tfi'tern tin 158 6 115 Bap. apot 100 ton, futurea 600 tone. Eastern none. Spot lead 12 17a 6d 8 94 Futurea lead 113 7 6d Sale.

poi 300 Ion future 900 tons 8pot inc 1.5 11 Ril 3 94 Future mo. 15 12 6i 3 Sale, not 200 ton, future 600 tons. EARNINGS STATEMENTS The Mississippi River Power Company, including the Mispuri Transmission Company, reports for the 12 months ended July 31 a net cf after charges, against $1,569,347 a year before. The American Sumatra Tobacco Company report for the year t'nded July 31 a net loss of $361,660, after charges, against a net loss of $170 481 a year before. Pres Dobb says: During the year there have been purebneed 10.811 additional shares at an average cost of $6 a share, making 77,195 shares in the treasury.

Directors will recommend to storkho'ders at the coming annual meeting that this sfork be retired, thereby rediering the outstanding insua of stock to 133,105 shares, dividends declared 'I r- i tr Wit I 1 1 7 5 I "4 ic- Lr. .1 LI 1 yOcaa Bar Sliver la Lower In New York NEW YORK. Sept 23 (A. silver waa weak and lower at 27 cents an ounce. EeficiC .1 aa- i is4 tm.