Evening Star Newspaper, December 2, 1936, Page 22

FINANCIAL. SPECIAL DNVIDEND Commerce & Savings Orders $2 a Share in Addition to Higher Regular. BY EDWARD C. STONE. Directors of the Bank of Commerce & Savings declared a higher semi-an- nual dividend of $5 per share and a special dividend of $2 per share at their December meeting held late yes- terday. This makes total dividends declared during the year $12 per share, as the bank paid a regular semi-annual divi- dend of $3 a share in June and an extra of $2 a share at the same time, Thomas J. Groom, vice president, said today. Both the $5 and $2 dividends just voted are payable January 1 to stock- holders of record December 20. The directors also voted a Christmas bonus in the form of a half month's salary to all officers and other em- ployes of the bank. This is the first Christmas bonus announced by any Washington bank this year, although several others are expected. The directors were informed that the bank is just completing the most successful year it has ever had. De- Pposits are now at an all-time high and earnings the best of any year on record Mr. Groom stated. Two transfers to surplus were made during the year, making the surplus twice as large as the bank's capital. The branch office at H and North Cap- itol streets, which is now two years old, has been an important factor in the institution’s more recent business mwm officials say. . Groom, the vice president and elsmzr, is first vice president of the District Bankers' Association. Real Drop in U. S. Loans. The American Bankers' Association notes with great satisfaction that for the first time in four years there has been a sustained decline in the out- standing volume of loans by Gov- ernment agencies, with banks and other private lending institutions re- porting an increasing volume of new lending activities. The turn has come after four years of almost uninter- rupted lending by Government agen- cies to meet all kinds of emergencies. The drop in curreint lending by Government agencies has become so marked that repayments on existing loans are more than offsetting new loans on the whole. This change dates back to a combination of cir- cumstances—cessation of lending by the Home Owners' Loan Corporation on June 13, large repayments by finan- cial institutions to the Reconstruc- tion Finance Corporation and con- tinued improvement in the farm real estate situation, which enabled the Federal land banks and the land bank commissioner to curtail their new lending still more sharply. The greatly revised operating status of many of these agencies is signifi- cant both to the Government itself and to private lending institutions, which have felt or feared the compe- tition, of depression-born Federal or- ganizations, says the A. B. A. For one thing, the Treasury is now recovering, in the net, on its so-called recoverable assets—those assets which have long been pointed to as making a large part of the recent increase 1n the public debt more apparent than real. The decline in lending operations has been especially apparent in agen- eles established to meet the emer- gency in agriculture and urban real estate. This shrinkage of lending applies also to the Federal land banks, which, although in existence for 20 years, were practically powerless to eope with the situation until Con- gress revived them with large new subscriptions to their capital in 1932, the survey concludes. Wholesale Trade Mounts. Value of wholesale trade increased noticeably in October, 1936, from Oc- tober, 1935, and collections on ac- counts receivable were made at a higher rate over this period, accord- ing to reports of wholesalers in the monthly joint study of the National Association of Credit Men and the Bureau of Foreign and Domestic Com- merce, Department of Commerce. ‘Total net sales of 1,146 reporting wholesalers increased about 15 per eent in October, 1936, from October, 1935, a continuation of a change re- corded for every month of this year over the corresponding month of last year. Without adjustment for sea- sonal influences, October, 1936, sales registered an increase of over 3 per eent from September of this year. The increases over October, 1935, ranged from 2 per cent for tobacco and its products to 48.9 per cent for machinery, equipment and supplies. Lumber and building material, furni- ture and jewelry wholesalers averaged increases in sales of over 35 per cent. Heard in Financial District. Washington bond dealers reported a lively demand today for the new $140,000,000 3% per cent debentures put out today by the American Tele- phone & Telegraph Co. They said they could place all the honds they ecould get. John G. Cronin of Los Angeles has seome to Washington to be associated with Frear & Co., Woodward Build- ing, in charge of the new business de- partment. “fr. Cronin has been as- sociated w..1 Ellery Mann, former president of the Zonite Products Corp. and now head of the Tampex Co., which has just registered its securities with the Securities and Exchange Commission. ‘The Washington branch office an- nounces that Burton E. Donaghy, a fleld representative, and formerly with the McGraw-Hill Publishing Co., has been appointed to the New York ulu division. Riggs Common at New Peak. Riggs National Bank common stock reached another new 1936 high on the Washington Stock Exchange today when a small sale took place at 322 after opening at 320. Capital Transit stock moved at 153, Washington Gas at 80% and Potomac Electric Power 6 per cent preferred at 111. ‘The day’s only bond sale was & $1,000 transfer in Georgetown Gas 5s at 1231, Avéerage daily sales of chain men’s wear stores in October, 1936, were about 34 per cent higher than in October, 1935, according to preliminary estimates of the Bureau of Foreign and Domestic Commerce. —_———— REICHSBANK STATEMENT. BERLIN. December 2 (7.—The Relchs- bank statement as of December 1 (in thousands of reichsmarks) l(oze- In clnullum 4074 000: increase, 427 d. 66,0 ?:'l; o Incre °"I dll 35403, inere ." 458" increase. 34.° 308; increase, 220. e of diseount. 4 High, Mfl 3 204 1% 343 5% 39% 137% 169% 547 92%% 697 1134 164 35% 32 145% 36 63% 26% 190% 1024 104 174 27% 1114 T0% 2 10 ™ 55% 87 Prev. e 1936 ana Low. 42 Abr & Straus a2.55.. 59 Acme Steel (4) .. 9% Adams Exp (a20ey. 22% Address'graph( 1). 1% Advance Rumley... 58 Alr Reduction (1). 2 Alr-Way Elec Appld 13 Alaska Jun (1600). 215 Alleg Corp (d) 12% Alleg pf wi30w (d). 12% Alleg pf sw (d) . 27 Allegprof(d) .. 26% Alleg Steel (al 40)- 157 Allled Chem 23 Allled Mills (nuu). 6% Allted Stores 35% Allis-Chalm (Tl%). 19% Alpha Port C(ali). Amal Leather Amal Leather pf_.. Amerada Corp (2).. Am Ag Chm Del(3) Am Bank Note (t1). Am Brake Shoe 1.60 Am Brake 8 pf 5% 115% Am Can (t4) 1624 Am Can pt (1)____. 30 Am Car & Foundry. 57% Am Car & Fary pf.. 31 Am Chain(al) 111 Am Chaincv pf (5). 7% Am Colortype 20% Am Comcl Al (a50c) 16% Am Crystal S(ab0¢) 89 AmCrysS 1st pf(6) 81 Am Encaustic .. 61 Am & Foreign Pwr._ 26 Am & For Pw $6 pf. 29% Am & For Pw §7 pf. 12 Am & For Pw 2d pf._ 13 Am H; flan (1) .- 4% Am Hide & Leather. 37 Am Home Pr (2.40) 2% Am lee . 165 Am Ice pf (3)_ 9% Am International - 284 Am Locomotive Am Locomo pf (13). Am Mach&Fdvit1) Am Mach & Met 60c. Am Meta! T% Am Power & Lllhl.. 86% Am Pwr&Lt pf (5). 43 Am Pwr&Lt of (6). 18% Am Radiator(t60c). 23% Am Roll M (11.20) . 86 Am Saf Razor (12)._ 18 Am Seating(a2ij).. 25% Am Snipblde (2) 56% Am Smelt&Ref (3)_ 201 Am Steel Fdry (al) 107% Am Steel Fy pt (7). 24% Am Stores (2) ... 48% Am Sugar (2) 20% Am Sumatra Tob t1 1493 Am Tel & Teleg (9). 87 Am Tobacco (5) ... 88% Am Tobacco B (5 87 Am Type Fou 19% Am Wat Wksad0c... % Am Woolen 52% Am Woolen pf (34). % Am Writ Paper (d) 4's Am Writ Pap pf (d) 313 Am Zinc & Lead 28 Anaconda Cop (11)_ 856 Anaconda Wire t2_. 15% Anchor Cap 160¢) - 9 Andes Copper 37 Archer-Dan-M (12) 4% Armour (1ilinols) 4TW Armstrong C'k 1113, T4 Arnold Const (5de). 8l4 Artloom Corp - 12% Asso Dry Goods 59 Atch To& S Feal. 90% Atch To&S Fe pf(5) 21% Atl CoastLine(al) .. 11 AUGuif& W ind 1314 Atl Gulf&WI pf(3) 26% Atlantic Refin (11). 14 Atlas Tack (a75¢c)-. 26% Auburn Auto 29%; Austin Nichols pf A 4% Aviation Corp (Del) 2'3 Baldwin Loco (d) 29'; Baldwin Loco pf(d) 2% Baldwin Lo asd(d) 33% Baldw L pfasd(d). 157» Baltimore & Ohlo _ 21 Baltimore & On pf % Ban & Ar rts Dec 28 21 Barber Co (a50c) - 13% Barker Brothers 14% Barnsdall O1l (80¢) 16% Bayuk Cigars 175¢.. 110 Bayuk C1st pf (7) 18 Beatrice Cream (1) 85 Beech-Nut PKg(t4). 13% Beldink Hem (1) 83 Belg NR pt pf(3.24) 21% Bendix Aviat(al%) 20 BeneficiaiL 1t113). 48 Best&Co (2%)-. 45% Beth Steel 16's Beth Stl 6% Df(l)., 23 Bigelow-San (1) __ 18% Black & Deck ex rts, Black&D rts Dec 23_ 14% Blaw-Knox (a80c)_. 167 Boeing' Airplane 41 Bohn Alum&Br (3). ~80%4 Bon Ami (A) (a5)_. 3y Bon Amj (B) (a3)._. 25% Borden Co (1 60) . 64 Borg-Warner (4)_. 6 Boston & Maine 1% Botany Min A (d) . 12t Bridgp't Brass t40o 43% Briggs Mfg (12) 41 Bristol Myers (12). 40% Bklyn-Man Tr (4)-. 44 Bklvn & Queens 331 Bklyn & Qns pf(33). 44'5 Bklyn Un Gas (3)__ 8% Brunswick-Balki 84 Bucyrus-Erte ____ 914 Budd (EG) Mfx _ 8% Budd Wheel (a20¢).x 20% Bullard Co (al%)-. 11% Bulova Wateh __ 25 Burr Ad Mch(160¢c). 2% Bush Terminal (d). 8% Bush Terma deb (d). 75 Butler Bros (aé0c). 31% Butler Brospf 1% _. 2% Butte Copper&Zine 1614 Byers (A M) 54% Byers (A M) pt 22 Byron Jackson t1__ 30% California Pxg(1%) % Callahan Zinc 6 Calumet & Hec a750 30 Campbell w:’nu. 12% Cap Adm (A) ab0e._. 45% Cap Adm pf A (3) 6% Carrie:s & Gen 200 9215 Case (J I) Co (4) _. 54% Caterpillar Trac 3. anese C (a50c) - lotex Corp 54 Celotex Corp pf $5_ 25% Cent Aguire (*1%) 6% Central Foundry Co. 35 Central RROfNJ_ 615 Century Rib Mills_. 4T% Cerro de Pasco (4)_ 8% Certain-teed Prod _ 5714 Certain-teed pf (6)_ 19 Champ Pap & F (1) 107 101 Champ Paper pf(8) 69% 22% Checker Cab Mfg . 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80). 2% Chi & East 111 pt(d) 1% Chi Grt West (4) .. 4 ChiGrt W pf () 6 Chi Ind&Lou pf (d) 1% Chi Mil St P&P (d) 2% Cht M St P&P ot () 2% Chi&NW () ... 6% Chi& N W pf (d)... 121% Chi Pneumatic Tool 40% Chi Pn Tool pf $3%. 1% Chi R 1&Pas «d) 8% Chi RI1&P % of :d) 3% Chi R [&P 1% pf(d) 19% Chi Yellow Cab (3). 17% Chickash Cot Ofl ... 7 Childs Co 25 Chile Copper (1) _ 851 Chryaler Corp(a12) 15% City ice & Fuel (2) T2% City LcokF of (634) 4% City Stores 23% Clark Equip(+1.60)_ 46% 111% 107% Clev El I1lu pf 4% .. 4Th T4% 134 20% 66% 33 Clev Graph Br (2) 48 Cluett Peabody (a4) 84 Coca-Cola (t2) __ 13 Colgate P-P (150c). 39% Collins & Alk t3 116% 107% Collins & Alk of (') 8% Colontal Beacon 28% Col Fuel & Ir (new) 21% Colo & Southern 14 Columb G & E atlo. 903% Col G & EpfA (6). 80% Col G & B of (5) 31 Colum Plet vto (11) 94 Colum Carb rte(t4) 44 Comel Credit (14)_. 55 Com'l Invest T (t4). 97 Comel in T pf 4%) 136 24% 14% Come’l Solv (t60¢).. 5% 82 ~ 24 Comw & Southern.. 59% Comw & 8on pf (3) A Stock Dividend Rate. _ Add 00. High. 608 M PuerlBananas B2 CETI L TST T g =ty =) 1005 100t 164 164 257 3 101y 26 19% 112‘1 112! 2 25% 25% 1 1031y 1034 4w 14 83% 10% 32% 55% 29% T 31% 15% 31w 4% 24% 821y 29% 42% 2% 13 35 19% 12% 65% 15% 49 % Mh 324% lOl 101% 107% 2 50% 49 90 90 13 0% 69 lg 5% 27 11% 100s 9% 2 19 12% 0s 43% 43% 60 123% 121% 61 20% 19% 100s 89 88 2 11% 11% 4 34% 33% 100s 111 110% 5 40% 4 70 68 3127 1244 13 17T% 17% 8 1208 108 17 180s 2 104% 103% 20; 97 97 10 745 T3% 11. 85% 84% 1127 127 127 W 164 184 2B 3% 3% 4 2% T2 2:15 p.m. Prev. uu 13% 7 Conde Nast Pub 44% 30% Coengoleum N 11.60. 17 8 Consol Cigar - 48% 27T) Consol B¢ NY 3. 109 102 Consol B4 NY or(5) 20% 15% Consol Film pf (32) 9% 8% Consol Laundriss.. 15% 11% Consol Oil (160e)... 12% 5% ConsolR R Cuba pf. 1% % Consol Textile (d). 9 Coal (Dsl 36 28% 35% 4 15% Container Corp (11) 10% Contl Baking (A) .. 1% Contl Baking (B) 674 Cont] Baking pf (8) 67% Cont’l Can (18) ____. 17% Contl Dia Fibre(3). 85% Contl Insur (11.20). 2 Contl Motors 28% Contl Oil (Del)a1%. 25% Contl Steel Corp(1) 55% Corn Ex Bk&Tr (3) 63% Corn Prod Ret (13). 168‘4 158 Corn Prod R ptf (7). 4 Coty Ine c———— 24 CraneCo. 35 Creamof Wh (3) .. 15% Crosley Radio al% - 43% CorkC&S (a4)ex rtsx Cr'n C&S rts Dec 23 46% Crwn C&S vt ww 2% 45% Crown Ck pf xw 2% T4 Crown Zelleb' vtc. 28 Crucible Steel. 1% Cuba Co e 9 Cuba RRpt __ 614 Cuban-Am Sugar. 63's Cuban Am Sug pf. 35% Cudahy Pkg (23)._. 16% Curtis Publishing._. 99'5 Curtis Pub pf (7)__ 4 Curtiss Wright 10% Curtiss-W (A) a50e 43Y% Cutler- Hammer t1. 52 Deere & Co 27 Deere & Co pf(1.40) 19'4 Deisel-Wem-G (1) 36% Delaware & Hudson 1474 Del Lack & West 4% Den&Rlo GW pf (a) 42 DevoekRey (A) (2) 30% Diamond Mtch t134 3715 Dia Match pf $1% _. 18% Dist Corp Seag Ltd. 41'3 Dome Mines (12) .. 50% Douxlass Afreraft 29 Dresser Mfg(A)a3. 13 Dresser Mfg(B)al. % Duluth 8 S Atl 3 1 Duluth § S & AUl pt. 83 4% Dunhill Internat) 184% 133 Du Pont de N 26.10_ 1331 129 Du Pontdeb (6) _. 9% 513 Fastern Roll Mills_ 185 156 Fas<iman Kod (76)_ 401 2813 Eaton Mfg (12) 15% 5% Iinngton Schild 2 30% Elec Auto Lite (a2) 110% Elec Auto L pt «7)_ 10 Elec Boat (a60c) .. El & Mus Ind a18c_. Elec Pw & Lt = Elec Pw & Lt $6 pf_ Elec Pw & Lt §7 pf_ 2% Elec Stor Bata2¥% . Elk Horn Coal (d) .. Elk Horn C pf (d) + El Paso Nat G(1.60) Endicott-John (3) Eng Public Service. Eng PS $6 pf ($12). Equit Office B a20e.. Erie R R Erie RR 18t pt Erie R R 2d pf Eureka Vac C (80c) Evans Product (1) Exchange Buffet Fatrbanks Co Fairbanks Co pf Fairl Morse(t1) Fajardo Sugar (2).. Federa) Lt & Trac . n & Smelter_ Federal Mot Tr 40c. Fed Water Sve (A). 201y Fed'd Dept Stal.60_ Fedtd DScupf 4% Fed Screw Works Fid Phoe F | (11.20) Firestone T & R (2) First Nat Strs (2%4) Flintkote Co (1) __ Bros (d) chine (1)_. 2414 Foster-Wheeler ___ 95% Foster-Wheeier pf 3012 Fourth Nat 1a1.46. 23'3 Freeport-Texas (1) 311 FullerCo2aof . 3% Gabriel Co (A) 1 Gabriel rtsNov 25 1113 Gamewel ]ll.(mr“odlnd - 8l (Gen Am Investors 421 Gen Am Trans (a3). 10% Gen Baking (160c)_ 7 Gen Bronze 5% Gen Cable ___ 17 Gen Cabie A = 701 Gen Cable pf (37)_—. 51 Gen Cigar (14) 3413 Gen Flectrie (1) 33% Gen Foods 11.80) s Gen Gas & Elec (A) 19 Gen Gas&El 7% pf- 19% Gen GEE 8% pr A__ 58 Gen Mills (3) 116 Gen Miils pf (§) 53% Gen Motors (aé3)- 5% Gen Qutdoors Adv .. 18% Gen Outdoor Adv A. 38 Gen Print Inka2%_ 314 Gen Pub Service _. 3215 Gen Ry Signal (1) 2 Gen Realty & Utll.. 26% Gen Realty & U pf. 33% Gen Refrac (a2%)-. 32Y% Gen St! ting pf 17 Gen Theatre E (a2). 30% Gen Time Inv (1)__. 13% Gillette Sat Ras (1) 70 Gillette S R pf (5)_ 6% Gimbel Bros 84 Gimbel Bros pf (6). 39% Glidden Co (2) . 52% Glidden cv pf(3%). 3% Gobel (Adolf) 6% Goebel Brew (t20e) 13% Goodrich (BF) ___ 21% Goodyear T & R . 87 Goodyear $7 pf (4)- 815 Gotham Silk Hose . 77 Goth Silk H pf (7). 2 Graham-Paige 1% Granby (2d stpd) . 3% Grand Union ctfs 16 Grand Un pf (31%) 241 Granite City 8t (1) 2814 Grant (W T) (1.40) 32% Grt Northeyn pf 16 Grt North'n Ore (1) 1 31 Grt West Sug (2.40) 5136 Grt West Sug pf(7) 22 Green (H L)Co(t1) 15% Greyhound (180c) n 1% Guantanamo Sugar 24 Guantanamo Sug pf 93 Gulf Mobile & N __ 28% Gulf States Steel Gulf Sta Stl 1st 121. Hack W pf A (1%). Hall( WF)Printing. 32 14 Hamliiton Wateh 105% 100 Hanna (M A) pf (5) 52% 30% Harb-Walker (12)_. 18% 12 HatCorpof Am (A) 9 4% Hayes Body 133 102 Hazel Atlas Gl l'i) 21% 12% Hecker Prod (80c). 41 251 Hercules Motor (1). 138 84 Hercules Pow a5 _ 44% 30% Holland Fur (a1%). 116 108 Holland Furd pf($) 33! 9 Hollander (t506)... 19% Holly Sugar (12)... 224 Houd-Her (B) t1%. 6% Houston Ofl vte ... 48% Howe Sound (13)__ 81 Fudson & Man pT__ 13% Hudson Motor Car. 1 Hupp Motors_...... % 18% [llinots Central____ 58 [ Cent ise lines 43% Indian Refin (a1) 25% Indus Rayon ¢ 1.6l £8% Inland Steel (3) _. 6% I[nspiration Copper. 5 InsSh Mdefsa20c_ 11% Inter Rap T vte (d). 234 Intercont! Rubber._. 9% Interiake iron ... 824 50ty 33% 1% 115 ES :I+| L+ FEF FITEF _I_I s r & & {1 els ) TES ¥ - VIFTR LI+ 4004+ +++1 WEESLLELETSEET? SEER - 2 sxse Frf srsess 3% 631 19% 63 129% 105 37 33 14% 6 122 16% Th 18% 5% 16% 6% 41% 101% 3% 5% 2% int Hydro Elec (A). 4% Int Mercantile Mar. 43% Int Nickel (21.30) na 125% Int Nick(Can)p£(7) <SP 22% 3% Int Paper & Pw (A) 36% 36% 1 117% 117% 117% ~24% 8% —1% 84 — % 3% Int 8hoe (13) —eu 2 -u' B ll IntSllver. . .ooooo. § [ EX LTS T ™ w3 33 s Saada-ZhaRummnnarnen~ - S - wallrcwnaRaan - S S BT rnRmanmanS S So 81% uu lntl.',ontAd_ > Btock and Net Dividend Rate. Add 00. Hish. Low. Close. Ohge. 9 , S 13% 13% + % 10% 11% + % ! 32 29\‘ m—l zlu 43% 2% 37 26% 635 % W % 166% 1656% + % 6% 6% 25% + W 64 4T% 36 29% T4% 4 51 45 IL_I_'lI §5 SEEFEEF FrEe 23 I+ +l++10 FRIETE FFESS P+ 20% 40 39% 145 145 105 +2 37 36% 36% — 16% 16% 16% — % 3% 3 -% 58 58 ~-34% 13% 13% — % 48 49% +1% 129 129 36 13 36 -4 18 - % % 29 -1% 104% 105 +2% 51 51% +1% 17% 17% - % 6 6% 104% 104% — % 12% 13% — % 37 37 -1 1361 136% +1 42 42 - 114 4% % 38% 134 134% - % llfli 120 -H\i Prov lua migh, 23 19% 3% 107 31% 116 169 -76% Jon& L 7% of $1%. Siockang Dividend Ra! 50" 1nt Biiver pf (1) 11% int Tel & Tel 10% Interstate D 8 ab0e. 82 Int Dept Strs pf(7) 24% Island Creek (3) 121 Island Creek of (6). 88 Johns-Ranville 3. 89 4 39% Kalamazoo 8 (11) 13 Kans City Southern 19% KansCSpf (al) .. 24% Kayser J&Co(al1%) 20 Kelsey-H (A) 21%_ 18 Kelsey-H (B) a1 14% Keivinator (760¢) . 28% Kennecott (21.70) .. 17% Keystone 8&W (2). 3% Kinney (G R) Co._. 30 Kinney (G R) pt_ 20% Kresge (88) (11).. 19% Kroger G&B(11.60) 20% Laclede Gas (8t L) 32 Laclede Gas 8t L pt 15% Lambert Co (3).... 7% Lane Bryant. _____. 12 Lee Rub&Tire(50c) 15% Leh Port Cem't(a2). 2 Lehigh Valiey Coal 9% Lehigh Val Coal pf. 8% Lehigh Valley R R.. 12 Lehn & Tinkal%.. 37% Lerner Stores (12). 47% Libbey-Ow Gla3%. 7 Libby. McN&Lal. 25 Life Saver (11.60) . 97 LIRR & Myers (14) x % 974 Ligg&Mvers B (14) x 160 Ligg&Myers pf (7) 3% 25% Lima Locomotive.. 8! 13 26% 51l 30% 35 42 13119 112 126 12% 8014 28, bl 6l 26% 9% 33% 4 % 36 Link Belt (13) ___ 32% Liquid Carb(1.60)_. 43 Loew’s Ino (¥ 2 Loft 35'3 Lone Star Cm(('!) - 3% Long Bell Lum (A) 107 Loose-Wiles pf (5). 21% Lorillard (P) 11.20. 13 La Ofl Ref pt (d) 20 Louisv GEEDTA 1% 221 Ludlum Steel (t1)_. 33 MacAnd & For (2).. 29 Mc Call Corp (t2)_. 12% McCrory Stores 405 McGraw Elec (12).. 16 McGraw Hill Pub__ 38%4 Mcintyre Porcu (2) 85 McKeespt Tina5%. 8% McKesson & Rob .. 37% McKess&Rob pf(3) 11% McLellan Strs a20e. 27% Mack Truck (1) _. 40% Macy (R H) Co (2). 8% Madison Sa G *60c 3413 Magma Copper (a3) 1 Sugar (d) T% Manati Sug pf (d) 14 Man Bl ma gtd (d). Shirt (1) __. 8'4 Marine Mid14 (40c) 6'3 Market St Ry pf 2% Market St Ry 2d pf 18% Market St Ry pr of 41 Marlin-Rock (+2) 114 Marshall Field & Co 613 Martin Parry 27% Mathieson Alk(1%;) 43% May Dept Strs (3) . 1312 Maytag Co (a50c) 12% Mead Corp 6% Mengel Co 50 Mengel Co pf 40% Mesth Macha3% _. 5% Miami Copper 17% Mid-Cont Pet al.15. 21% Mid Stl Prod «a2) 110 Mid Stl 18t pf (8) 65 Minn-Hon Ros 1% 106% Minn-Hon R pf (6) 613 Minn Moline Pwr 57% Minn Moline Pwr pf 1% M St P&S 8 Marie . 213 MStP&SSMopf 2% M St PASSMisin 16% Mission Corp(a4se) 513 Mo Kans & lexas 1413 Mo Kan & Tex pf A. 21a Missour: Pacifictd) 3% Mo Pacific of (d) 19% Mohawk Carp 11.20_ 79 Monsantot hem(1) 35% Montgom Ward(12) % Mother Lode a12}z¢ 28% Motor Prod «v2) 15! Motor Wheel (1.60). 11% Mullins Mf(B)as0c 70 Mullins Mfg of (7). 21 Munsingwear (t3)._. 4 44 Murphy G C (12) __ 109% 3104 1021 Murphy G C pf (5) _ 14 Murray Corp (a50c) Motors (1) hv Chat & St L_ tl Aeme (a73c) - 915 Nat Aviation (al).. 28% Nat Biscult 1 60)_ 21% Nat Cash Reg (al1)_. 21 Nat Dairy Proalls 107% Nat Dairy P pt B(7) 10 Nat Dept Stores . % Nat Distillers (2) __ 7 Nat Ry Mex 1st pf_. 13 Nat Ry Mex 2d pf_. 57% Nat Steel (1%) 19% Nat Supply Co 74's Nat Supply Co pf-.. T% Nat Tea (60c) 10% Natomas (t80e) .. 9 Newp't Indus a60c_. 3214 N Y Alrbrakea2ls . 27% NYCentral RR . 17% N Y Chicago & St L. 36% NYChi&StLpf.. k NH & H pf (4). ntario & West 6 93 N Y Steam 1st (7). 210 Norfolk & W (18)__ 6% North Am Aviation 283 North Am Co (1) __ 52% North Am Co pf (3) 98 North Am Ed pf(6) 971% Northern Cent (4)_. 23% Northern Pacific . 2 Norwalk Tire&Rub. 12% Ohio Oil (a60c) . _. 243 Oliver Farm Equip. 17 Omnibus Corp vte_. 8 Oppenheim Collins 24% Otis Elevator a75c. 123 Otis Steer 350 63 % 70 Otis Steel pr bt lGl 150 18% 13% . 20% 4% 4% 9T% 22% 163% 20% llfl [3 128 Ow Gl (26 13 Pac Am Fisher (1) 31 Pacific Coast 8% Pacific Coast 1st 4% Pacific Coast 2d 34 Pacific Finan +1.80_.. 30% PacificG & E (134) 14% Pacific Mills (a1) 118 PacificT& T (a6 11% Pac West'n Oil 6% Packard Mot(a45c) 12% Pan Am Petr (a60c) 1% Panhandle Pro & R. 181 Panhandle P&R of_ 67 Paraffine Co (t2)... 7% Paramount Piet 59 Paramount 18t pr_. 8% Paramount P 24 of_ 17% Park & Tilford (2).. 2% Park Utan 4% Parmelee Transp't_ 6% Pathe Film Corp. 10% Patino Mines 1% Peeriess Motor . 69 Penney(J C) (a7%) 3% Penn Coal & Coke . 4% Penn Dixie Cement. 28% Penn Dizie Cpf A 3 281 Penma Railroad(a2) 41 30 Peoples Drug (1) 1 110 Peoples Drpf (6%) 38 Peoples Gas Chi. 18 16408 6008 20008 8 25% Phelps Dodge al% - 45% Phila Co 6% pf (3) 3% Phila Rap Tr (4) 1300s 8% Phila Rap Tr pf (d) 12008 1% Phila & Read C&1. .27 66 Phillip Morris (3).. 7% Phillips Jones 381 Phillips Pet (a2%)- 70 Phoenix H pf (33). 58% ll“ Pitts& WVa______ PittstonCo . ... 208% 11% Plymouth Oil (1)_. 0% 12 Poor&Co(B) .. 3 ’ 10s 1085 4 283Y% 280 280 12% 11% 12% + % 34% 33% 33% ~1% 50s 105 106 105 30% 30% 508 121% 121% 2 141% 140% 50 127 126% 49% 19% 43 49% L4++ 1+ PrIPEES +100 . § F& +1 o &£ 3 I+ rE URUE I ) L+ 1 PEESE §F FIF FEEESEF t'! £ | & 4% 117% 5% 4% 4% 12% 126 108% 10815 5% 127, 124 114 32% 31% 5414 541 102% 102% 102 25% 3% 14% 445 18% 18 35% 15% 116% 12 31% 5418 102% 102 25% 3% 144% 3% w: m -1% 8% 8% l%#% U 2 po V) 1% 40% 40% — 574 5T 574 = % OOI 12 1m 1 50 - IK 9% 3% 12% 2% 24% 70% 2:18 p.m. Stock and Dividend mmnu'x‘»A. 1% Porto R Am Tob 6% Postal Tel&C pt (4) 17% Pressed Steel Car... 17% Press 8t1C 1st pf ~ 61%&0-!!&:”9!- 40% Proctor & Gam t1% 1 ™% 1 2% 3 12% 2 % 3 u lm 116% Proc & Gam pt (5). 50% 39 PubSveNJ (3.40). 130 113% Pub 8ve N J pf ( 114 112 Pub Sve E&G pf(5) 65% 24% 118 36% Pullman Ine (1%). 16 Pure Of} R, 91% Pure Of1 6% pf .. 133% 103 Pure Of13% pf . 20% 19% 14% 80 19‘4 9% Purity Bakeries 400 16% Quaker Sta Ref 80e. Radio-Keith-Or (d) 11 RRSeclllCent ._. 28% Raybestos-M t1%.. 85% Reading (3) - 9% Real 8ilk Hostery.. 65% Real Silk Hos pt. 1% R (Robt) 12% Rels (Robt) 1st pf_. 12% Reliable Strsas0c_. 174 Rem Rand (160c) ._ 99% Rensselaer & S (8)_ 4% Reo Motor Car . 16% Republic Steel - 177 Repub Steel pf $12_. 78% Rep Stl pr pf A (6). 10 Revere Copper 26 Reynolds Spring t1. 50 Revnolds Tob B (3) 19% Ritter Dental a25e. 74% Ruberoid Co (1)._.. 5% Rutland R R of 27 Safeway Stores(t2) 22 StJosephLd (al)__ 1% St L-San Fran (4). 2% St L-San Fr pf (4). 7% St L Southw'n (d)._. 11 Savage Armsal) __ 378 Schenley Dist (13)_ 97% Scuentey D pf (534) 1% Schulte R 8trs (d)_. 5% Schulte R 8 pf (d). 53% Scott Paper (12) __ 7 Seaboard Afr L (d). 2 Seaboard A L pf(d) 30% Seaboard Ofl (1) 59% Sears Roebuck (t2) 2% Second Natl Invest 61% Ser Nat Inv pf $3.90 15% Servel Inc (1) - 20% Sharon Steel (a1.20) 89 Sharon Stl H pf (5) 4% Sharpe & Dohme 11'4 Shattuck F G(¥50¢). 14% Shell Un Oil (a25¢c). 1275 110 Shell Un O1l of 6% 1413 83, Siiver King (60c).. 19% Simmons Co (a3)__. 313 Simms Petrol .. 1915 Skelly O} - 54 Slo: hefMeld St1 667 Sloss-Sh Stpf af% . 40% Smith (A O) 21 Snider Packing 12’3 Socony Vac Oll aT0e 3% So Am G & P(a30c) 35!z 26 South Port S (12) _ 160 149 So Porto R S pf (8). 324 AT 25% 25 South Cal B4 (1%) 23'5 Southern Pacific . 12% Southern Raflway.. 19 Southern Ry pf . 5% Sparks- Withineton Spear & Co (a50¢) .. 15% Sperry C'p vte (a1) 13% Spicer Mfs (a3) ___ 44 Spicer Mfg pf (3) 63 Splegel-May-8 (3) 21% Square D(B)aé2%e 14% Stand Brands t80c 913 Stand Com Tobacco 5's Stand Gas & E) (4) 915 Stand G&E $4 pf (4) 24% Stand G&E $6 pf(d) 26% Stand GEE 37 of (4 2 Stand Inv Corp - 35 Stand O of Cal (11) 32% Stand Oil of Mmd t1 51t% Stand Ofl of N J (1 24% Starrett (LS) 1.140 65 Sterling Prod 13.80 16'5 Stew-Warner t50¢ 14% Stone & Webster 9% Studebaker Corp 72 Sun Ofl (1) 27 Superheateras2ic 3 Supertor Ol = 9% Surerior Stee! 6% Sweets Co of Am._.. 20% Swift & Co (11.20)_. 28% Swift Int) Ltd 12) 15 Symgton-Gould ww. 12% Symingtn Gould xw 6% Telautograph (60c) 5% Tennesses Corp 287 Texas Corp'n (1) 4% Texas Gulf Pr (a5e) 33 Tex Gulf Sul (12) _ 28 Texas& PacRR T'4 Tex Pac C & Oaz2be. 94 Texas PL T (allc). 337 Thatcher Mfg (1) 8% The Fair 85 The Fair pf (7) 815 Thermotd Co . 3% Third Avenue 23% Third Nat Inval.lb 8% Thomp'n(JR)(50¢) 24% Thomp Prod (al%). 4% Thompson Starrett. 26 Thompson Star 14% Tide W Asso O 106‘/3 100% Tide Wat A O pf(6) 12% Timken Detroit(t1) 56 Timken Roll B (t2) 11 Transamerioa t40c. 14% Trans & Westn Air. 10% Transue&W (60c)_ Tw Tricontinental a50c. 4% Truax-Tra C(a25c). T4 Truscon Steel 2214 20th Cent Fox (a2). 381% 20th Cent Fpf1%. 8% TwinCity RT 65% TwinCity RTof . 2% Ulen & Co 74% Und-Ell-Fish(a2%) 38% Union Bag&Pap (2) 71% Union Carb & C 3.20 20% Union Oil Calif (1) ) 14% 108% Union Pacific 100 32% 21 3% 33% 96% 36 by 48% 16% Tia 50% 87 19% 13% 23% 20 3934 125% 20% 62% 59 9% 18% 58% 17 48% 101 103% 5% 79% 46% U 8 Steel 154% 115% U S Steel pf (7). 8% 102 92 90% Union Pacific of (4) 20% Unit Aircraft a50c 13 United Ailr Line vte 16% United Am Bosch . 24% United Biso (1.60) 68 United Carbon (13). 22% Unit-Carr Fast($2). 5% United Corp (a20c). 40% United Corp pf 3) 10% United Drug (a75¢). 15 Unit Dyewood(1)._.. 4 United Elec Coal 321 Unit Eng & Fy (12) 6615 United Fruit (13) 14% United Gas Imp 1) 6% United Paperboard 10 U 8 Distributing of 13 US& For'n Secur.. 24% U S Freight (11) ___ 80% U S Gypsum (t2) .. 8% U 8 Hoffman 49 U S Hoffman pf 3% 31% U 8 Indus Alcohol.. 4% U 8 Leather vtc 10% U 8 Leather A vto_. 21% UB Pipe & Fy(1%). 7% U 8 Realty & l-DV. 16% U 8 Rubber 47 U 8 Rubber 1st Dl 72% U 8 Smelting (a10) 68% U 8 Sm&R of (3%). 5 United Stores (A) 67% Unit Strpf $14.81%. 57% Univ Leaf Tob (13) 165 153 Univ Leaf T pf (8). 17 2% 27% 4% 48% 8% 48% 28% Va-Car % 114% 109 Va El-& Pwr pf (§) 9% 4% 10% 19 3% Ut Pwr& Lt A).. 1 Vadsoco Sales Corp. 16% Vanadium “orp 28% Van Raalte (a3%)_ 40 Viek Chem (13) 4 Vi Chemical. Chem & 4 Va Iron Coal 14 ValronC&Cof .. 70 Vulcan Detin (a8)_. 2% Wabasb (d) - 5 WabashpfaA (d) _. ’u Waldorf Sys 11.30_. Waigreen Co (3) 108 308 22 23 z 35 ua 114% Walgreen pf (6%). -49% 11% % 18% 2% 26% Walker (H) (3).... ¥ Wl.mflll @)... 4% Warren Bros 15% Warren Bros cv pf_ 21 Warren Fay&P(11) _19% Waukesha Mot (1). 6% Webster Etsenlohr 1 Wells Fargo . 100s 33% Weason O&B(150¢) 4 87 West Pa Elec pt (6) 130 (Continued on Twenty-third 119% 119% % 8% l 101 Sales— Net Rate. Add 00. High. Low. Close. Chge. 21% — % 2% 22% - % 108 108 —2% 5 5 24% 25% +1% 122% 123% ~ % 101% 101% + % 20% 29% — % 62% 63 130 130 27% 2T — % 33 33 - % 59 59% + % 27 27 106 106 % -1 41 41 2% 4% 12 16% 5215 8 2% 12 -1 17 - % 52% -1% — 3% 2% 19% + 4% 8% — % 1% 5% + % 33% — % -1 + % +2% + % - 88 -1 +L0000 LM+ 4+00 10 - [ N I R | FEEE FFEFP §F ¥ OFF I+ 70‘\ 17 17% 15% 9% 9 11% 364 45% 14% 99 43 86% 867 — 59 102 100 +1 26‘4. 1T% 34 31% 861y 34 7 4“4y 145 224 7 49% 83% 148 11% 20 11 T444+10 00 T FESESEEE Psr 2 FEEFT 118 — 204 17 33 19% 58% 39 6 % T3% N!\i 142% —2% 8% + % | per % 101 101 + % 19 47% 45 108 1143% 114% 460s 9% 9 l“— W \Mfi— ll - -1 8% - % 24 “ -5 6% +3 %+ 4% 43% 43% —1% ... 2% + % Ah+ % FEEL FEEES FETTEEFEF 15% + % 4% — % AT END OF SESSION. Many Leaders Go Down Fractions to $2—Some Specialties Gain. Stock Averages ol aif, 48 ofl’- Net change. —6 +.1Unc. —. Today, noon 96.5 38.5 523 10.‘ Prev. day__. 97.1 384 523 711 Month ago.. 97.2 414 513 717 312 434 556 435 53.7 728 85.7 302 56.1 .3 31.2 1935 IOW.... 49.5 185 us 1932 low.... 175 8.7 16.9 1929 high...146.9 1539 184.3 157.7 1927 low ... 516 953 61.8 61.8 (Complled by the Associated Press.) —— BY VICTOR EUBANK, Associated Press Financial Writer NEW YORK, December 2.—Recent favorites tripped over further selling in today stock market, many yielding fractions to 2 or more points on larger volume than in the past sev- eral sessions. At the same time a number of spe- cialties resisted the trend and emerged with substantial gains. Transfers were around 2,400,000 shares. While encouraging business news tended to offset the shaky foreign pic- ture, leading issues apparently found little inspiration for a rally. Brokers suggested the market mignt be deliberating the question of whethe: the past month's flood of dividends and pleasing earnings statements had been discounted o a certain extent. Shares on the topside during the greater part of the proceedings in- cluded A. M. Byers, Bethlehem, Re- public steel, American Steel Foundries, | Follansbee Bros., New Haven, Missouri Pacific and Western Pacific prefer- | ence issues, Postal Telegram preferred, American Woolen preferred, Celanese, | Baldwin Locomotive, Pathe, Tennes- | see Products, Pacific Coast Co., Worthington Pump and United | Stores “A Yellow Truck preferred jumped 5 points or so following declaration of $35 a share on this company's back | dividends. On the down grade was Allird Chemical with a loss of some 5 points Lesser declines were registered by United States Steel common and pre- ferred, General Motors, Chrysle:, Montgomery Ward, Sears Roebuck, Woolworth, Gimbel, Bendix., United Aircraft, Boeing, Schenley, J. I. Case, Deere, Anaconda, Western Union Consolidated Edison. American Can. Kennecott, United States Smelting International Nickel, Westinghousc Du Pont, Goodyear, Johns-Manvilic and Safeway Stores. NEW YORK COTTON By the Associated Press. NEW YORK., December 2—In- creased speculative buying and con- tinued trade demand caused cotton prices to sell at net gains of 13 to 17 points today and carried December to the highest level since July. Rallies attracted realizing, but re- actions were limited to about 5 to 7 points from the best by midafternoon. March, which had rallied from 11.98 to 1213, was selling at 12.08, and prices generally showed net gains of 9 to 12 points Futures closed steady, 5.0 1 izher. December _ 114 8rot steadv: middling New Orleans Prices. NEW ORLEANS. December t0 4 points in comparativel December coened at J.1R. 11.96. May at 11.84 and July at 11 May was a strone spot Conditions in both the raw cotion and strug Strength in outside commodities heiped cotton brices to maintain small nei ad- vances Cottonseed ofl futures ovened steads. ‘ember 10 Janus 2b: March, m‘wn May. 10.38) CHICAGO GRAIN By the Associated Press. CHICAGO, December 2.—In a big trade, Chicago wheat futures today ran up about 2 cents a bushel, but later reacted under heavy selling ta realize profits. Concern over the European political situation, together with reports of en- larged flour business; sustained de- mand for cash wheat out of Chicago, and great strength in the Liverpoo! market, formed the background for buying activity. Chicago July Wwheat showed a lagging tendency through- out owing to overnight moisture in parts of the domestic Winter wheat area and some in Spring crop districts Northwest. Wheat closed irregular, % lower to 3% higher compared with )enex day's fnish; December, 124!5a1.241, 1.20a1.20';. Corn, "gal% dow: n: December. 1.08‘,nl.05‘.: May, new 1.02%a1.02%. Oats, unchanged to off, and provisions, unchanged to cents decline. % 1087 10% 1u8% Pige 100 081 0R%, 46 ANS -1.35% 136 ~ 136 -135% 135% 1.35'% 081, Sisior Chicago Cash Market. Cash wheat, No. 3 red, 1.26%; Nfl 1 1 mixed, 1.28; No. 1, dark hard, 1.28 corn, No. 3 mixed, 1.03% 1.01%;-.03; No. 3 yellow, 1.07 - 4 yellow 1.03-.05%; No. 3 white, 1.09- 4; No. 4 white, 1.073:: No. 5 white, uw/.-n; sample grade. 75-1.00; oats, No. 2 mixed, 48; No. 1 white, 49-49',; 3, no rye; soy beans, No. 3 yellow, 1.36%- 1.37%; No. 3 yellow, 1.35!3-.36%; bare ley feed, 60-68 nominal; malting, 1.00~ 40 nominal; timothy seed, 5.85-6.10 hundredweight; new, 5.65-.85 hun- dredweight; clover seed, 24.00-31.00, hundredweight. Universal Consolidated Oll Co~— Common share earnings, 10 months ended October 31, were $1.01. .