Evening Star Newspaper, November 11, 1936, Page 19

FIN ANCIAL. D.C. STORE SALES WELL ABOVE 133) October Volume Climbs 14 Per Cent Ahead of Last Year’s Mark. BY EDWARD C. STONE. October sales in Washington de- partment stores were 14 per cent more than sales in October, 1935, the Federal Reserve Bank of Richmond reported this noon, compared with a gain of 16 per cent in the whole £fth Reserve district. Sales in the Capital in the first 10 months of this year were 8.8 per cent better than in the same 10 months a year ago, against only 10 per cent in the whole district and 11 per cent in the entire United States. October sales in the whole country were 16 per cent above the corre- sponding month in 1935 the report added. Today's report covers 52 de- partment stores in the fifth Recerve district and 516 in the United States. The percentage figures reveal that trade is booming all over the United States, many of the percentage gains being much better than in September. Postal Receipts Break Record. Receipts at the Washington City Post Office in October smashed all former records for that month, ac- cording to the figures announced to- day, and in line with the many other business indicators which are advanc. ing steadily. October postal receipts amounted to $612,949.08, in comparison with §610,- 923 in October, 1935, and $547,340 in the previous month of September this year. Postal income was also far| ahead of October, 1934, when receipts stood at $524,327 and of October, 1933, when they amounted to $466,410. | The October receipts were also the highest of any month this year with the single exception of April, when | they passed the $634,000 mark. Ag-| gregate receipts for the first 10| months of 1936 are also substantially ahead of the like period in 1935. Showing Washington’s business growth so far this year, as this ex- pansion is gauged by postal receipts, the following monthly comparisons with last year are of general interest: | 1936. -$612,593 1935. January -_ February March April May June July August September October Real Business Gains Noted, The United States Chamber of Commerce, painted such a gloomy picture of the business outlook, has turned about in its current summary of conditions and finds that real progress has already been made and that there is more to come. The momentum which has 499.866 584,264 541,295 553,531 483,047 492,647 been gained in business activities is | impressive, the review states, both in its extent and in its promise for the period ahead. The survey adds: “Such a prolonged advance, al- though gradual from month to month, might suggest at least a (emporary‘ recession in the near future. But | consideration of the elements \\hlch enter into national activity, both by business fields and by areas, makes it clear that during the last 17 months the most significant development has been improvement in balance, amon; fields of enterprise and among the ereas of the country. “This has not been a period of spectacular bursts here and there serving to accentuate comparisons with low conditions elsewhere. In- Etead, it can now be seen that there have been at work the processes which | restore order where dislocation had | earlier been evident, activities nearer the average Instead of some being far above and others equally far below. It is necessary to go back a decade to find another period in which business momentum had within itself equal elements of strength. “When production is checked back, 1t is found that in May, 1935, the ratio of production of capital goods to pro- duction of consumers’ goods was 53.5 to 86. This ratio has now become ap- proximately 90 to 100. There has been an accompanying increase of more than 20 per cent in pay rolls in production of capital goods. An ad- vance which permits such improve- ments in balance among fields of en- terprise obviously produces an ine creasingly strong basis for the future. The evening-up process gives stamina and vigor to an economic structure 8s surely as averaging down spreads weakness. “During this period the productio of iron and steel stepped up from 55 | per cent of the 1929 rate to 91, tex- tiles from 88 to 104, cement from 57 to 87, food products from 80 to 93, end so on through the list.” Stock Offering Planned. Black & Decker Manufacturing Co., Townson, Md., has filed registration statement with the Securities and Ex- change Commis: shares of common stock, without par value (stated value $5), which will be offered to common stockholders, and 80,000 shares of common, without par value, which are to be reserved for is- sue to certain officers and directors of the company in connection with em- ployment contracts for a period of six years, beginning October 1, 1935. The company intends to offer the 60,909 shares of common to common stockholders of record December 3, 1936. The right to subscribe for the tock in the ratio of one share for each five shares of common held. Of the proceeds, $1,080,000 will be applied on December 31 to reduction, or prior thereto to the acquisition for retirement, of 40,000 shares of 8 per cent cumulative preferred stock. The remaindeer, if any, will be used for general corporate purposes. CHICAGO PRODUCE. CHICAGO. November 11_(P.—Poul ive. 43, irucks: hens ‘easy. Sorings neud( ens. 412 rounsnml than 4 pounds. 1'1 2; Laghorn hens. Sorings. 4 poun! Plymouth Rock 1 Whlle Rock. ! colored. 14!;, less than ounds. Plymouth Rock Whie Hock. jored Plymnulh And, White colored b u, ¥i: N, white ducks 4’3 pounds 15; amlll white ducks, 31a: geese. turkeys easier: oid. 51 Voulle toms. more {5l pounds and less. 23; old Iom! lurhys Pots track, 303; " o total United suus “Shipments, 668, $536.,949 | 503,643 | 495,083 | 610,923 | which for a long time | which bring all‘ n covering 60,909 | Sears Sales Reach $49,200,311 Mark; Up 32.8 Per Cent BY the Assoclated Press. CHICAGO, November 11.—Sears, Roebuck & Co. reported gross sales for the tenth period from October 8 to November 5 totaled $49,200,311, an increase of 32.8 per cent compared with the corresponding 1935 period. This was the largest volume on rec- ord for this period. Sales for the 10 periods from Janu- ary 30 to November 5 totaled $387,- 932,818, an increase of 27 per cent compared with the corresponding period last year. This also was a new record in the mail order and retail sales concern’s history for any corresponding period. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., November 11 Potatoes, per 100 pounds, 1.25a2.01 sweet potatoes, barrel, 1.00al.2 bushel, 35a85; nearby, half bushel, 25a35; beans, bushel, 75a2.00; beets, nearby, bunch, 1;a2; broccoli, crate, 2.25a2.50; cabbage, bushel, 50a60; per 50 pounds, 50a55; pointed type ham- per, 90; carrots, crate, 2.50a3.00; bushel, tops off, 1.00; nearby, bunch, | 2a3; brussels sprouts, half drum, 1.50 al.75; quart, 8a12',; cauliflower, crate, 1.10a1.15; celery, crate, 1.00a2.75; egg- plants, bushel, 1.25; lettuce, Iceberg, crate, 2.00a2.50; mushrooms, 4-quart | basket, 40a75; okra, bushel, 1.00a1.50; onions, per 50 pounds, 50a1.00; peas, | bushel, 2.50a3.40; peppers, crate, 1.50 | al.75; pumpkins, nearby, each, 4al0; spinach, bushel, 40260; nearby, half | bushel, 25235; squash, bushel, 1.25a | 1.50; tomatoes, lug, 50a2.25; turnips, | nearby, half bushel, 10a15; yellows, per 100 pounds, 50a63; apples, bushel, | | 50a1.65; box, 1.75a2.50; cranberries, \ quarter barrel, box, 3.75a4.25; grape- | fruit, box, 150a2.25; honey dews, crate, 175 oranges, box, 2.25a3.00; | pears, Seckels, bushel, 1.75; tanger- | nes, half box, 1.50a1.75. Dairy Markets. Live poultry—Chickens, Rocks, pound, 16a21; mixed colors, 16al8; Leghorns, 15a16; fowl, Rocks, 20a21; | mixed colors, 18a20; Leghorns, 10al4; | roosters, 12al4; ducks, 10al15; guineas, each, 25a40; turkeys, pound, 20a26. Eggs—Nearby, current receipts, dozen, 32a34; Southern, 30a31; whites, 1,620 cases. Butter—Prints, pound, 34; good to| fancy, creamery, 32a33: store-packed, 20; good rolls, 22; receipts, 1,178 tubs. | Stock and grain markets are closed for Armistice day, a legal holiday in Maryland. Live Stock Market. and cows steady; few common and medium around 1,100-pound grass steers, 7.2527.80; low cutter and cutter cows, 3.00a3.75. Calves, 75; very light supply; | vealers, 11.00; 7.00a10.50: few plain calves 5.00a6.00. Hogs, 350; moderately active; steady with Tuesday; good and choice 170- 225 pounds, 10.15a210.35; top, 10.35; 225-250 pounds, 9.75a10.25; 140-160 pounds, 9.85a10.15; 120-140 pounds, 9.55a9.85; good packing sows, 29.40. Sheep, 400; nothing done on lambs; demand very narrow: undertone lower; slaughter ewes salable steady, or vealers and calves in steady: few good at 3.00a4.00 for good and choice | UP,io grades; culls nround 1.50. TREASURY MAY. ASK 300 MILLION SOON | December Financing May Aggre- | gate $1,500,000,000—0fficial Announcements Seen. Bs the Assoctated Press. | Possibility that the Treasury may go | 1 | into the money market next month | for $300.000,000 of new cash and that the December financing may aggre- gate about $1,500,000,000 was discussed today in well-informed fiscal quarters. Nothing will be said about the bor- rowing officially until Secretary Mor- | genthau makes a formal announce- | ment, but Treasury sources hinted the Government may seek to bolster its supply of ready cash. President Roosevelt has estimated that net new borrowing for this fiscal year will total $750,000,000. About $450.000,000 was borrowed in September and so a call for an addi- tional $300,000,000 in December would complete demands for new money under that program. In mid-December $358,000,000 of | | 234 per cent notes and $450,000,000 of iscount bills will mature. The Treas- ury also may make provision for $429,- 000,000 of 3 per cent notes due Feb- ruary 15, which, with $300,000,000 of new borrowing, would bring the financing to $1,537,000,000. NATIONAL AVIATION ASSETS SHOW INCREASE £ the Associated Press. NEW YORK, November 11.— Na- tional Aviation Corp., investment hold- ing unit, reported net assets equal to $16.32 a share of capital stock as of September 30, against $14.95 a share on December 31, 1935, and $12.58 a share on September 30, 1935, MERGER STEP APPROVED. NEW YORK, November 11 (#).— Stockholders of Utah Copper Co. have approved the first step in unification of Utah with Kennecott Copper Corp., which owns approximately 99 per cent of the former. The unification plar., which has been approved, calls first for the ‘merger of Utah Copper Co into the Copper Corp. of Utah. Stock- holders of the old Utah company will receive three shares of the new com- pany’s stock for each old share heid. ——— UTILITY NOTES REDUCED. NEW YORK, November 11 (#).— C. E. Calder, president of American & Foreign Power Co., announced that notes of the company due October 26, 1938, held by a group of banks and Electric Bond & Share Co., were re- duced on November 9 by a payment of $4,000,000. With the payment just made, these loans, which were original- ly for $50,000,000, have now been re- duced to $33,500,000. , U. S. TREASURY POSITION. By the Associated Press. The position of the Treasury on N vember 9: Receipts, mv..uuam. e dluu'ea $44,896.644.20; $1 .552. 4859 Yecempits For Thi th, 703, ffl“l'?m OE, 30,700,030 P Receipts {umee Juy 35004 ciuding $998.354.679. 88 large, 38a40; medium, 34a36; receipts, | Cattle, 800; bulk of supply held for | Thursday’s market; few sales of steers | common and medium, | 890 | § THE EVE\I NG STAR, WASHINGTON, D. ELECTRIC POWER INDEX ADVANCES Week’s Production Remains 13.4 Per Cent Above Level of Year Ago. BY the Associated Press. NEW YORK, November 11.—~The Associated Press index of electric power production, with 1929-1930 taken as 100, advanced for the week ended November 7 to 116.9 from 116.6 the previous week. The index, which is adjusted for seasonal and long-term trend, stood at 104.0 a year ago. ‘The range for recent years follows: 1936 1935 1934 1933 1177 1055 974 919 -- 1020 941 919 802 Actual production for the week, as reported by Edison Electric Institute, was 2,169,480,000 kilowatt hours, off 3 of 1 per cent from 2,175810,000 kilowatt hours produced last week, and 13.4 per cent higher than last year'’s output of 1,913,684,000 kilowatt hours. All principal geographical regions in the country sharéd in the gain over last year. Percentage changes follow: New England, 9.9; Middle Atlantic, 12.7; central industrial, 17.2; west central, 10.7; Southern States, 17.2; Rocky Mountain, 193 and Pacific Coast, 4.5. {B. & 0. LOADINGS HOLD | WELL ABOVE YEAR AGO Erecial Dispatch to The Star. BALTIMORE, November 11.—Car- | loadings on the Baltimore & Ohio | Railroad for the week ended Novem- ber 7, totaled 51,228, comprising 34,397 cars loaded on line and 16,831 re- ceived from connections. This was an increase of 8,815 cars over the total for the same week of |last year, when the total was 42,413, of which 27,636 were loaded on line and 14,777 received from connections. For the week ended October 31, the loaded on line and 17,795 received from connections, Washington Produce BUTTER—R: to stores gathered from sale dealers (prices (0 nearby shippers based on Philadelphia and New York prices): One-pound prints, car- Pt f ige of prices s : carton (80 score). (90 score ), MEAT! ef, 18: I b smoked ham, < medium_hogs, 9za: fes,niy ad'a; rougns, Gad; calves, 5a10'z; lambs, Say. | . Prices paid shippers Wash- | indton. © B “une. Uiiiea States Burean” o | Asricuitural Economics: | o EGGS-Market tull . net {. steady to firm. = ernment _g; eggs (net prices paid shippers, b_Wasnington): U. §. extras, large. 4. l. mediums, 33, U. 8. stand- EESULTAY—Market_steady. | key' receipts Iight. Fowl: 1bal¥: Leghorns. 17: No. 2 Virginia Rocks, bro. Delaware crosses. 16 15 Guiness. young Tur- Colored, heavy, Chicken ers. 16al colors. 14a 20 s hens toms. 18. - a0 Fruits and Vesetables. Sales in large lots by original receivers 1o, D lm, today APPLES Ko cariot arrivals: one broken car on track. Supplies moderate; demana | light: market steady. Bushel baskets, Virginia: Staymans. U. ximmmun 1.50 1 al.2 . 23.-inch minimu; nch” mintmum. inch minimum, licious. U T oal ch ‘minimum, ta-inch “minimum. 1.75. few hal mnimum, n ‘minimum, 90a1.00. nch minimum, “CABBAGE—one Pennsylvania arrived: one broken and three unbroken cars on track. —Supplies moderate; demand slow: market ‘steady. _ South Caroli 1 bushei hampers. pointed type, bushel hampers, ~dom fair condition, 60: New York. 50- pound sacks. domestic round type, foa: CARROTS—One Michigan arrived; two broken ~car. track. — Supplies light; demand light: market steady. California, Western lettuce crates. ti-dozen. 3.00). CELERY—One New York arrived: four broken and two unbroken cars on track. Supplies moderate; demand light: market steady. " New York, 2;-crat §ieady, New York. Zi-crates. individually CAULIFLOWER"No carlot arri cars on track. Subblies Jehr. dess moderate; market SLro) Long Isiand. crates 1, Onion Market Steady. ONIONS—No_carlot arrivals; - breken “car on”track. . Subbiies masersis: demand, light: market steady. 50-pound §acks. U chm“n and New low ylvania. vel- lows. 60: Otah ana Washintton Valenclas. 4 inches and larger. 1.10al.15. POTATOEE—One Maine. one Pennsyl- two broken and four un- broken cars on track. Subplies moderate: demand moderate: market steady. 100- pound sacks. No. 1. Maine. Green Mountains, ' 2.10a2.15 New York. round hites. 2.10:” Pennsylvania. Cobblers 180 a laho. Russet Burbanks. 2.85a3.00 pogrer lower. ne California arrived: broken and one unbroken cars on tri Suvplies llght: demand light: markei dy: California. bushel hampers. Teie- W!El‘ POI‘ATOES—VO carlot arrivals; no cars on track. Supplies light: demand light: market steady. North _Carolina. hushel bukeh Porto Ricans. 78, OES—No carlot arrivals: one broken ang_one unbroken cRrs on track, Supplies light: demand light: market sieady, callfornla, wide range ‘in condi- tion. lug Boxes. ri irning, wr 6x6"and_larger, 1.50: 6x7. fair no demand ack. ped. Doorer. 258 col i.00a1 C] ne California - aFrived: eleht boken and one unbroken cars on lnck Supplies moderate: demand mod- erate: market steady. California. fair to ordinary condition. Western crates. Iceberg 3 b-dozen. best, 2.50a2 poorer, dition, *SHXED VEGETABLES No carlot ar- rivals: two broken cars on track. (A" BEANS—Supplies light: light: market steady. Cuba. via Cite hushel namoers. 4004 No carlot_arrival broken. ca on track, Supplies modernte and lieht: - market hampers. steen. flat tope. fair rinndl!ml’l 1.25: round nrlnxless : few 2.00 SQUASH—Supplies light: demand cht market :mhtly stronger. Florida, ‘bushel hampers, “w S, ¥T8 mostly ' around oo, CoctMBERS “2Tactically mo supplies on'the market. Peppers Also Steady. upfliu £, ey, demand -—-MBDIE light; ol ken ar on trac) 2.75a3. No. broken, car on, track. 22 2."1.7582.00. CEMONAT Calitaints, "borcs. 4.5087.00, demand New York demand slow: marke bushel hampers, 1.5 lw i Floridy o0 s, No. 1, stida agrived: ne nnlondad tw fornia. lug: 15502 251 T arrived: two un- (Correction—Tues n rnd one un. . Doxes. AVoCARSS Cierid. mu: T 00a1.75: T GMEGRANATES . Caltfornta, boxes, — California, ew Jersey, Ya-barrel ’t arrivals: one, hro- rnia, crates. EAR! ”k broken clrl on Gl’r A day’s report broken car on lru'_k cs. 2 2502 50: ts for the fiscal year 89, 848 2«1 Tz e expendigures uh eme: rlmu enen l %l'o%}ss‘uo. [y d.fir&u.fl ‘;( $3.- aiseis, '811:080,803,088.48- 4 b mvlll~ 1 total was 52,854, including 35,059 cars | rion | CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, November 11.—The following is today’s summary of cor- poration news prepared by Standard Statistics Co., Inc., New York: Aviation Corp.—Deficit, nine months ended September 30, was $115,896, against deficit of $346,131. United Aircraft Corp.—Common share earnings, nine months ended September 30, were 36 cents, against 24 cents. Marlin-Rockwell ~ Corp. — Common share earnings, nine months ended Scptember 30, were $3.02, against $1.75. Grand Rapids Varnish Corp.—De- clared an extra dividend of 7 on common stock, payable November 29, and regular quarterly dividend of 15 cents on common stock, payable December 21; on August 30, 1936, a similar extra dividend was patd on common stock, Archer-Daniels-Midland Co.—De- clared a special dividend of $1 on common stock, payable December 1. McGraw Electric Co.—Common- share earnings, 12 months ended Sep- tember 30, were $3.70, against $2.55. Metal Textile Corp.—Common-share earnings, 8 months ended August 31, were 9 cents, against 32 cents. income, 9 months ended September 30, was $123,550, equal to $1.24 a pre- ferred share, against deficit of $128,243. American Machine & Metals, Inc.— Common-share earnings, ended September 30, were 55 cents, against 59 cents. Chapman Valve Mfg, Co.—Common- share earnings, 9 months ended Sep- tember 30, were $1.69. General Machinery Corp.—Com- September 30, were 79 cents; holders of company's 7 per cent preferred stock received notice of a plan pro- viding for issuance in exchange for of one and one-twentieth shares of new $100 par value cumulative prefer- | red stock bearing dividend at the rate of $4 50 a year; fractional shares would be paid in cash on a basis of $5 for each one-twentieth share. Pheips-Dodge Corp.—Company in- creased miners’ wages 50 cents a day. Shattuck-Denn Mining Co.—Com- pany raised wages of miners 50 cents a day. Anchor Cap Corp.—Common-share earnings, 30, were $1.24, against 99 cents. x> | mostly cloudy and warmer; D ! Ymmiay-— 4 New York, | “‘\ M Phoenix. carlot arrivals: one bro- | 5o, fin‘ollo — s to E"" -$ size, L iRAPES—| carlo ! nrrlnln. twu cnrs %o Gillette Safety Razor Co.—United 2 | States Supreme Court decided in favor of Fssex Razor Blade Co. on its | petition to set aside an Appeals Court | decision holding it had infringed the ¢Gaisman patent owned by Gillette Safety Razor Co. | Houston Oil Co. of Texas—Pre- ferred-share earnings, 9 months end- | ed September 30, were 86 cents, against $1.77. THE WEATHER District of Columbia—Fair and warmer, with lowest temperature to- night about 38 degrees; tomorrow gentle winds, mostly south. Maryland—Fair and warmer to- night; tomorrow increasing cloudiness and warmer. | Virginia — Increasing cloudiness, | warmer in the interior tonight; to- morrow cloudy, warmer in north and probably rain in south portion. West Virginia—Fair and warmer | tonight: tomorrow cloudy and warmer, ,posamly light rains in extreme south portion. River Report. Potomac and Shenandoah Rivers slightly cloudy today. Report for Last 21 Hours. Temperature. Barometer. Degrees. \ndnum ‘oday—. 4 am. am. Ivcun Record for Last 24 Hours. (From noon, esterday to noon today.) Highest, 1:15 p.m. yesterday. Year ago, 70. Lowest, 30, at 7 am. today. ago, 57. Record Temperatures This Year, Highest. 105. on July 10. Lowest. 0. on January 23. Humidity for Last 24 Hours. (From noon vesterday to noon today.) Highest, &9 per cent, at 5 a.m. today. Lowest, 33 per cent, at 2 p.m. yes- terday., Tide Tables. ‘(nxmuhed by United States Coast and Geodetic Survey.) 4268, D. Aulomohfle lights must be lumed on one-half hour after sunset. Precipitation, Monthly preeipitation ln |nth!l in the Capftal (current month i 1936 A\er-n. Month, i) ¥ e SOOVNR-Y a3 B0 FERRERRIERT eSS & oo Bt P | Jgasiiy El Paso. Galvestan, | Tex. elena. _Mont. Huron. S. Dak. | Indianapoiis Jacksonv] Kansas. E Los Angeles, Loutsville, Miami, .Fla. | eFla. SEREATERRAREEEREN Y 20 s &2 (7 a.m,, Greenwich time, today.) ature. Weather. London. England joudy Paris, France Vienna, Austria rlin, noonmny urich. Switzerland —— cholm, Sweds Gibraltar, Spain ---- (Noon, om'fl Horta (Fayal) Aszores. « "“b.‘ifi':r..::: R BaLRREEY ) "“’cum White Sewing Machine Corp.—Net | 9 months | mon-share earnings, 9 months ended | each share of present preferred stock | 9 months ended September | C., BOOST N STEEL PRICES EXPECTED Prospective Advances Likely to Bring Fresh Surge of Buying. BY the Assoctated Press. NEW YORK, November 11.— Higher prices for steel products and pig iron probably will be announced shortly as & sequence of advances in steel wages, which will add upward of $60,000,000 annually to the indus- try's pay roll, Iron Age said today in the weekly review of steel. “It is believed that quotations for the first quarter may be $2 up for semi-finished steel, bars, shapes and plates and $3 on light products, ex- cepting tin plate, on which the cur- rent price may carry through the 1937 season,” the review says. “Pig iron may be $1 or $2 higher. “Official announcements of new prices are likely to be withheld until complete acceptance of the wage offers has been obtained from steel company employes.” Steel backlogs, except in sheets, the trade journal says, are being reduced through an excess of shipments over | incoming business, but prospective price advances are counted upon to bring a fresh surge of buying which may load up mill books during De- cember, when ordinarily a seasonal decline occurs. In sheets, however, | mills are virtually sold out for the remainder of the year, one Ohio maker having withdrawn from the | market. “Minor fluctuations in steel plant operations may occur over the next | few weeks, but there are no indications of a sharp decline in production, which this week remains at substa tially last week's level of 74!2 per cent,” the review says. Contrasting with favorable indict tions in most branches of the indus- | try, steel scrap has shown further | | weakness, with declines at Pittsburgh | and Philadelphia, resulting in a re- duction of 25 cents in the Iron Age composite price to $16.33. 'BIG INCREASE SHOWN | INCENTRAL’S REVENUES 1 BY the Assoclated Press. NEW YORK, November 11.—The | New York Central Railroad Co. re- | | ported September railway operating revenues at $30,568,132, compared with $26,719,331 in September, 1935 Net income after fixed charges for the month Was $1,133,374, equal to| stock, compared with $277,895, or 5| cents a share, in September last year.; For nine months ended September | 30 railway operating revenues amounted to $261,539,073, against| $225,938,957 in the lke period last| year. Net income after fixed charges was| $3,501,306, equal to 70 cents a share,| compared with a deficit of $6,385,081 in the comparable period of 1935, GETS ROLLINS POST. NEW YORK, November 11 (Spe- cial) —Henry P. Warren, jr, has been elected vice president of E. H. announcement made by the invest- ment banking firm. STOCK SEAT CHEAPER. NEW YORK, November 11 (#).— | Arrangements have been made for, | the sale of a membership on the! New York Stock “Exchange at $125.- 1 000, off $10,000 from the previous transaction, i - WEDNESDAY, NOVEMBER 11, | pared with a year ago, | head, gained 10 per cent and sheep and | lambs, 1,741,798, lost 1 per cent. The 23 cents a share on the mmmon = Rollins & Sons, Inc., according to an | 1936. CHECKS ON INDIVIDUAL BANK ACCOUNTS DROP BY the Assoctsted Press. NEW YORK, November 11.—Checks drawn against individual and corpo- ration accounts in Federal Reserve member banks of leading centers were considerably reduced in the lat- est week, Adjusting the total for the election day holiday, however, there was an increase of 14.4 per cent. Bank debits in 274 cities, according to the Reserve Board, compared as follows: Week ended Nov. 4 Previous week Same week last year. BIG GAIN SHOWN IN HOG SLAUGHTER October Volume Up 64 Per Cent From Year Ago—Cattle Total Also Jumps. B: the Assoclated Press. CHICAGO, November 11 —Octobwr\ hog slaughter at Federally-inspected plants throughout the country in-| creased 64 per cent compared with | October, 1935, according to an analysis | by the Institute of American Meat | Packers based on statistics released by \ the Department of Agriculture. Hog slaughter was 3,491,671 head 1 $8,655,790,000 9,080,001,000 -« 8,392,337,000 | the largest for any month since De- cember, 1934, aproaching what is con- | sidered a normal volume for October, | the institute said. For the 10 months hog slaughter totaled 27,082,233, an increase of 30 | per ¢ent compared with the corre- | sponding 1935 period. | Cattle slaughter in October, totaling | 1,124,175 head, gained 4 per cent com- calves, 585,425 cattle volume was the largest for any month on record since 1918. For the 10-month period cattle slaughtered showed a 15 per cent gain, | | calves 8 per cent gain and sheep and lambs 5 per cent loss. PACKARD SHIPMENTS BREAK ALL RECORDS Bs the Associated Press. | NEW YORK, November 11.—Ship- ments of Packard automobiles broke all records in September and October, and unfilled orders now total more than 16,000 cars, M. M. Gilman, vice president of Packard Motor Car Co., | said. | The company is spending $2,000,- | 000 for increased manufacturing fa- cilities, he added, in addition to the $5.120,000 previously laid out. | Several departments of the fac- | tories are working on a 24-hour shift, he said. MASSACHUSETTS INVESTORS’ TRUST Prospectus Will Be Sent on Request A. S. GovLnes & Co., Inc. Woodward Bids. Natl. 2000. Invn:mer'ld!: 0, irst Mortgage 5I/2 A’ Real Estate Notes Secured by new dwellings in N.W. section of Washington. Bradley, Beall & Howard, lac. Established Nearly 40 Years NA. o271 Soutnern Bids. A Unified Program for INSURANCE €ome in and let us show you how easily we can arrange a complete program of insurance, WE RECOMMEND TEN STOCKS d unbroken divi- erage of 67 years. (Our Bulletin describing these stocks will be sent om request.) ROBERT C. JONES & CO. Shoreham Bldg. MEt. 2022, “Complete Investment Service” immediate funds for Small Business _Propert: Building Refina auick _aet! invites 1505 B St.. NNW. Na. 2345 2% MONEY AVAILABLE For Construction Loans and Loans on Improved Properti in the District of Columbia. Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 LOANS FOR BUILDING We have ample funds to loan for the con- struction, purchase and refinancing of homes. INTERSTATE BUILDING ASSOCIATION John L. Weaver, President Edword K. Jones, Secretary Phone giving you the maximum cover- age at the least cost. You can depend on our efficiency and friendly counsel. J. Blaise de Silour and Company INSURANCE BROKERS 1700 Eye St. N.W. NAtL 4673 First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 512% Promp: Action 8. F. SAUL CoO. 925 I5th Street Natl. 2100 HOME LOANS to buy, build or refinance INTEREST as low as PAYMENTS low as per $1,000 5% $7.50 COLUMBIA BUILDING FINANCIAL. KROGER SALES SHOW GAIN OF 4 PER CENT BY the Assoclated Press. NEW YORK, November 11.—Kroger | Grocery & Baking Co. reported for | the four weeks ended October 31 total | sales of $18,468,742, compared with $17,7€8,092 in the like 1935 period, a gain of 4 per cent. For the period from January l | through October 31 sales totaled $199,- 614,573, against $194,175,592 a year 2go, a gain of 3 per cent. | ‘The company operates more than 1,500 stores in the Middle West and has headquarters at Cincinnati, FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1520 K 8t. N.W. National 0475 Loan Correspondent Mutua) Benent Life Insurance Co. Money for Construction Loans ane Loans on Improved Properties 512% FIRST DEED OF TRUST ONLY — Pacific Public Service Co. common | share earnings, nine months ended September 30, were 80 cents nga.nst 28 cents. ON IMPROVE GEORGE L. BORGER 643 Indi Ave. N.W. Nat’l 0350 D D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinanc Loans rey ing. payable monthlv, No charge for appraisal 'f loan is not made. Interest balance charged only on unpaid of principal. Eourraere Co.orEraTive B UILDING A SSOCIATION 915 F STREET N.W, Organized 1879 CATS HAVE _ i NINE LIVES... Valuables only one Cats have a way of escaping danger—but valuables seem to invite loss. ities, jewelry and other valuables in one of our safe deposit boxes. The cost is small— the protection and peace of mind are great. McLachlen Banking Corporation Since TENTH AND G 1891 STREETS, N. W. S. W. Branch, 12th and Maryland Ave, S. W. Member Federal Depo: Values VWith th sit Insurance Corporation Change e Times and estates, whether in land or securities, are necessarily affected. It is possible, however, agement, to take ad through efficient man- vantage of beneficial trends and to keep unfavorable reactions to the minimum. SOUTHWEST CORNER The seasoned service of the Union Trust Com- pany, which has specialized in estate manage- ment since 1901, may enable you better to protect the interests of your heirs. Federal Reserve Siystem Federal Deposit Inswrance OF THE DISTRICT OF COLUMBIA — FIFTEENTH AND W STREETS NORTHWEST S INTE AMERICAN AND TRUST mmmsmm'::; Bran 7th and Mass. Ave. N.W. Eignth and H Sts. NE. MEMBER FEDERAL DEPOSIT ASSOCIATION 716 11th St. N.W. MEMBER FEDERAL REAL ESTAT LOANS on Improved Froperty Monthly Payment Loans or Straight Three Year Loans Consult Real Estate Department % REST SECURITY COMPANY Office PENNSYLVANIA AVENUE ches Seventh and E Sts. SW. 1140 Fifteenth St. N.W. 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