Evening Star Newspaper, December 2, 1936, Page 20

ARREARAGES CUT BY YELLOW COACH Board Votes $35 a Share, or More Than Half of Accumulations. BY the Associated Press. NEW YORK, December 2. —Direc- c tors of Yellow Coach & Truck Manufacturing Co., General Motors affiliate, chipped $35 a share from accumulations on the 7 per cent pre- ferred stock with a payment of $5,- 250,000. The action more than cut in half the existing arrears on the preferred, reducing them to $28 a share. The payment is to be made December 26 to stock of record December 11. This is the first payment on the stock since January 1, 1928. American Cyanamid. Directors of American Cyanamid Co. declared a quarterly dividend of 15 cents and a special dividend of 40 cents a share to holders of class “A” and class “B” stock, both payable De- cember 21 to stock of record Decem- ber 8. The disbursement will eall for & combined total of $1.386,202. United States Tobacco Co. A distribution to shareholders total- | ing more than $2,289,000 was an- nounced by directors of United States | Tobacco Co. today through declara- tion of a special dividend of $3.75 a share on the common stock and the | regular quarterly dividend of $1.25 a share. The special is payable Decem- | ber 23 to stock of record December 14 and the regular January 2 to holders of record December 14. Briggs Manufacturing. ‘The Briggs Manufacturing Co. an- nounced the payment of an extra cash dividend of $1 a share on December 21 to stockholders of record Decem- ber 11. Cleveland-Cliffs Iron. Directors of the Cleveland-Cliffs Iron Co. announced a dividend of $3 a share on $5 cumulative preferred stock, payable December 15 to stocke holders of record December 5. The dividend will total $1,461,714 on 487,- 238 shares of stock. Great Lakes Towing. The board of the Great Lakes Tow- ing Co. announced dividends of 81 on 16,750 shares of common, first declared since 1931, and $3.50 on the company's $7 preferred. both payable December 15 to stockholders of record December 5. Anaconda Wire & Cable. Anaconda Wire & Cable Co., sub- sidiary of Anaconda Copper Mining | Co., announced an extra dividend of | $2 a share, which will give common stockholders approximately $850.000. A special dividend of $1 a share was ordered November 16 in addition to a dividend of 50 cents. The latest pay- ment is to be made December 22 to shareholders of record December 14. Pepperell Manufacturing. Pepperell Manufacturing Co., New England textile concern, ordered a special dividend of $5 a share on the common stock. aggregating approxi- mately $500,000. made December 15 to stock of record December 7. National Supply Co. A dividend of $3.50 a share against accumulations was ordered by direc- tors on the preferred stock of National Supply Co.. to be paid December 22 to shareholders of record December 11. The previous payment was in September, 1931. General Baking Co. General Baking Co. directors de- clared a special dividend of 35 cents & share and a regular quarterly of 15 cents. over $550.000. The quarterly paymeir: is the one ordinarily due in PFebru- ary. Both are to be paid December 21 to record December 10. Ward Baking Co. Ward Baking Co. announced a div- idend of $2.25 against accumulations on its 7 per cent preferred stock, payable December 24 to holders ~I| record December 10. The company on | November 5 declared a similar paj- | ment of $1.75 on the preferred. International Printing Ink. The Internetional Printing Ink Corp. announced a special dividend of $1 a share on the common stock, payable December 21 to stock of rec- ord December 11. FREIGHT LOADINGS. Nfi YORK. December 2 (#.—Revenue {n t carloadings on raiiroads reporune | or week ended November 28 Week Prev. Nov. week: 214 117.609 91,634 Last | hnnsylvn&i; 1 10 50 York " Centra Pittao'eh & Just Pu the | Payment will be | The extra aggregated slightly | Washington Exchange SALES—AFTER CALL. Riggs Bank com.—6 at 320, 7 at 320. Capital Transit Co.—10 at 15%. Riggs Bank com.—2 at 322. Potomac Electric 6% pfd.—S5 at 111 Washington Gas Light—8 at 80%. Georgetown Gas 55—8$1,000 at 123%. Bid and Asked Prices. BONDS. Amer, Tol & Tol 4161 Am. & Tel. col. A caeial ot 8 Aua. & Pot. Guar. 8s & P. Tel. of Vi Capital Traction R. R. City & Suburban 55 Georgetown Gas 1st Wash. Rwy. & Elec. MISCELLA! Chevy Chase Club Glas Gol. Country club 51y M. Cold Storase 38"--" 100 STOCKS. leuc UTILITY. Tel. @) &bt Trasiie, Go.. N & W E bo Po. El. Wash. Gu 18es Wash. L s Wash. Ry. & Elec. nfd. (5) lANK AND TRUST COMPANY. Amer, & Tr Co. ie8) Bank nl Bal.h‘ldl Ih'lli) American (6) Corcoran (8) - Firemen' Necions1 onion (.60) TITLE INSURANCE. Columbia (.30) Real Estate (8) MISCELLANEOUS, Carpel Corp. (1.60) _ Lanston Monotype (4 Mergenthaler, Linotspe f) Peoples Dr. 8t. 001 | Peoples Dr. L Sra: (a0 o131 Real Est. M.&G. pfd. (**25 Security Storage (3) Ter Rel & Wh. Corp. ) 58 Wdwd. h. col t1.50) 66 Wiwd: & Lothron pid. (7)o 170 *Ex divigend. I ulY 15. 1936: BOc pald Aus. 1. ‘maé'. 50c vaid Nov. 16. 1936, a7 h'l‘»l! extri s25c pald June 30. 1936, B | DIVIDENDS ANNOUNCED NEW. 2.—Dividends declared lPreplred by the sund-rd 8tatls- tics Corp. Extra. Stock of Pay- Rate. Hud Tecord. | Am Cyanam 18 Marine Mid Am Cyanamid A_. lnlll Bastr B $5.50 pf_$1.37'z Q Accumulated. Benson & Hed $2 cv pf_: | Muskegon Mot sp cv pf $3 Z0 Resumed. Atlan Gf & W 1 5% pf_$3 __ Bastian Blessing.. _40c Q Omitted. Hightower Oil & Ref. A ixpreis | Am saze __ |'’An War WS Abpcl aug Bangor & At 7% PI§ | Glidden Co 2% Nt Contair: Sigss- Sheif St & 79 cumw pf_ Tri-Continental” 56 DI INSURANCE STOCKS NEW YORK. December 2 ().—New York Security Dealers’ Association: Aetna Cas (2a Aetna Ins (1.6 Am Equit (1a) Am Ins Newark | Am Reins (3) |Am Reserve | Am Surety (2} Automobiie Conn Gen Life 1 Continent Cas (1) Fid & Der (32 Firemen's Nwk Frank Fire (la) _ Gien Falls (1.60) Globe & Rep ('2a)__. Globe & Rut Great Amer (1a Hanover (1 601 Harmonia (1.2 Hartford Fire (2 Home Fire Sec Nor River ' Phoenix 1za)____ Prov Wash (1)_ St Paul Pire (6a Snnnlflhd Sun Life ____ Travelers (ia) - Fire (1.80) Westenester. (141 a—Also extra or extras. Sl o METAL MARKET. NEW YORK. December 2 (#.—Copper electrolytic, _spot future. export. " 105712870, SDot and nearby. 0,808 Lead steady. 8t. Louis, 5. Yo ast o | Aoms East St Louis, spot and xuz 2. aniimony, | GuicEsitver, ‘amite. urichan blished! "How to Win Friends and Influence This is a big book of thirty-seven chap- ters, including The Big Secret of Dealing With People A Simple Way to Make a Good First Impression An Easy Way to Be- come a Good Con- versationalist How to Make Peo- ple Like. You In- stantly A Sure Way of Mak- ing Enemies—and How to Avoid It People” ¢ A Formula that Will Work Wonders For You The Movies Do It, The Radio Does It, Why Don’t You Do It? When Nothing Else Works, Try This If You Must Find Fault, This Is The Way to Begin Let The Other Man Save His Face Making People Glad To Do Wlut You Want Do This And You’ll Be Looking Up the Time- Tables to Reno by Dale Carnegi This book is the only one of its kind in existence. Its sole purpose the biggest problem you face: l'he-‘ll- THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, DECEMBER 2, 1936. STEEL INGOT RATE AT NEW 1336 HIGH Flood of Orders Precedes Price Advances for Va- rious Products. By the Associated Press. NEW YORK, December 2.—Condi- tions seldom seen in the steel industry were created by a flood of steel and railroad equipment buying that pre- ceded the December 1 price advances on various steel products, Iron Age said today in its weekly review of the industry. December mill schedules were vir- tually filled up, with a considerable overflow into January. Steel ingot output, the publication said, has risen to 76 per cent, a new tensive repair and new construction to be done in railroads’ own shops. ¢ ¢ ¢ Most rails and other steel re- quired will not be rolled until the first quarter. v “The only thing to mar an excep- tionally good outlook for the steel industry is the labor threat in the automobile industry, where assembly by lines have already been interrupted by lack of shipments by Midland Steel Products Co., whose plant is closed by ”°"l s strike. The maritime strike has finally caused the cessation of virtu- ally all construction work on the Pacific Coast because materials have Iron Age scrap composite prices ‘were unchanged. CHICAGO PRODUCE. cmc;mo December 2 6.408; ream: prices steady to firm; less than 4Y changed. roultr!. \I hens, up, Yy Dounder 1 ot hens TIPSR, (ored end vy 1414 Rock. 15: I colorea 1 x:'/: ol mouth B 14; colored " bro peak for the year, and may go higher | White Rock. this month. “Although important buying came | turl the review ’%.. from many sources,” stated, “railroad orders were conspic- uous because of their concentrated volume. Rail and track accessories of more than 800,000 tons were placed “|on mill books, rails alone accounting for fully 650,000 tons. * * * “It was also a gala week in rail- road equipment orders and inquiries, with orders for 153 locomotives and about 4,100 freight cars, and inquiries pending for 8,650 additional freight cars and 16 locomotives, besides ex- To cut down this wear, you need ung toms, 14 ks, white RUBBER FUTURES. NEW_YORK. December 2 (.—Oru rubber futures opened stéady. 10 lower % 7 higher. December. 18.36b; March, 18.52: May. 1! 50 b—B d NEW YORK BAR SILVER. NEW YORK, December 2 (#).—Bar silver firm, 12 higher at 46';. ema; : :u-llly Lats CHICAGO LIVE lm GHIGAGO. December ies Department of %eult ire). —w mostly 10" to ul m-m than Tus 'ag¢; Spots ul :’l lnlrly acth oml’ buyers rs after all ades cattle: steers Ihl nlfl“fllgl..flm e g'flumm us to 1550 Ggo at ll 50812 .0 D, 0000. including 2.500 direct; 1at lambs slow: generally Ing noum! O n icial bids 25 Jower: Mn ittle changed: good to choice nluva and (od downward; tng ound 9.00 on cholu h-nm-lnu ulu WElurn ewes, Ponmn 54: on track, 228: total Unit States_shipments, 534: supplies moderal 8. No. 1 Burbanks barely stea w, llmll‘d moll.l! 1o best Russet Bur- nks fir: rm, slight] l’ llmnllr t!nfl.ndcy dta s round 'M'ull 8. commercial .00 Futures: Idaho a N Mueu .mln-n 2.90; March. 3.43. PHILADELPHIA PRODUCE. PHILA ?HIA December 2 (# .—Live g\mr es. tancy B. R.. : Red rs. 15a16: ordinary, 1 i geese, e toms. 1882 Xou\lr’ Old hens. 19a21: old Chicago, Milwaukee, St. Paul & Pacific R. R.— This company will spend about $6,000,000 on equipment in 1937. 10:0; | &alifornta Fackin unds; Saro Pifut ral | Cul and clum:"z Baluth Western lambs bld 8.75 Bacls SHORT-TERM SECURITIES. (Revorted by Otss. D. Barneg & Og Am Tel. & T == AR ‘el. Blgs INL 116 l B‘/I 3323335 S, i A bk bt i 22:38335‘%2333823:3 SESSERS SSSISE FXOEE 48 194 Rln Ol wnum 45 1939 & T. B Bell s 1941 BDII Pac. ol Calif. Bs lfia'l Vanadium Corp. 5s 1941 Wabash Rwy On 55 1939 Warner Bros 6¢ 1039_ Western N. Y. & Pa. 5 We ‘ern Union Tel.' 5: 'z?. 3 H0%,; cables. 4| DD’/ H Pnnu dm‘-nd 4. ma) tina. .64 éxico, io, FonKOnEin New York: 100-00%; New ¥ork ontreal in New ew Yo in _Montreal. 99.90%. n—Nominal. —_— Firestone Tire & Rubber Co.—Com- mon share earnings, year ended Octo- j ber 31, were $3.28, against $1.53. Eyewear Is a Practical Gift Quality Mountings Special This Week Save about half on this very distinctive, superbly con- 99 structed white gold-filled 3 mounting. Many features in- Lenses sure its lasting satisfaction. Extre o CALL FOR SIGHT TEST Registered optometrists of mature experi- ence in attendance. Glasses advised only if needed. Oculists’ prescriptions filled. THEHECHT CO. OPTICAL SHOP—MAIN FLOOR. A SINGLE START ean cause More Ergine Wear! 3/4 of engi.ne'we.ar occurs in starting NGINEERS STATE that ap- proximately three-fourths of engine wear occurs in the starting a FAST-FLOWING oil. New Fast-Flowing Oil Checks Starting Wear But when your engine is warmed up, you need a different quality in your oil. You need a TOUGH oil that holds its body and resists break- ing down into sludge and carbon. Until now the problem has been to get both qualities in one oil. Ata cost of more than $3,000,000, Shell engineers have produced such a lu- bricant. ThenewGoldenShell Motor Oil is' FAST-FLOWING yet TOUGH. Experts call the process behind it the biggest advance in 25 years of oil refining. - The recommended grade of the new Golden Shell Motor Oil can keep an engine “young” a year longer . . . can save 50% on your annual repair bills. Start protecting your engine with it today! of getting and social With Golden Shell, the instant you step on the starter, over 100 moving parts are bathed with a protective film of oil . . . closely fitting metal surfaces cannot grind together. along with and influencing people in your every-day business 3C A DAY-NO DEPOSIT RENTAL LIBRARY ... MAIN FLOOR. THE HECHT CO. F Street at Seventh NAtional 5100