Evening Star Newspaper, December 7, 1936, Page 17

F {URB LIST TAKES UNEVEN COURSE Few Specialty Issues Gain, but Trading Leaders Tend Downward. BY the Assoclated Press. NEW YORK. December 7.—The curb market moved listlessly today and trading leaders found little support | except at concessions from Saturday’s closing levels. A handfull of specialties were in demand at improved prices. Great Atlantic & Pacific gained about 2% and Red Bank Oil 112, Aluminum Oil of America fell back | 11,, and Youngstown Steel Door vielded 3. American Cyanamid “B,” Gulf Oil, American Gas & Electric, ‘Wayne Pump and Pan-American Air- ways were fractionally lower. CURB BONDS DOMESTIC BONDS, Hign. Alabama Pow 4':s Aiabama Pow Aluminum Co_os Aluminum Ltd “os Low. 93 93 108 10ta 104 Noon ‘6 I U387 1067 Luts 10658 19 018 106 1042 10812 1042 g2 62 Asso G&b 4 Asso G&E Srmnsm’ Bl CaRadian be Cn 1 PS PL Cent Il PS 4’ Cent 11l Pb Cit Srv Git Srv Gs P 63 10075 10013 106 10: 106 103V 1068 100 10314 Toledo Ed Twin CR 5! s, A L & P ¢ gln de Jan 138 A 5% ‘erni 80 6125 A 2 ww—With warra Xw—W zants. n—New -When (stp)—Stamped.’ fN»zml-hnuv impaired by maturi tCompanies reported in receivership. itho issued e SHORT-TERM SEC URITIES. (Reportea by Amer_ Tel. Tel Atl. Refining Co. Calif. Pk. Corp. 3 Caro. Clinch. & O Chesap. & Ohio Ch. Gas Lt & Co Gumberland T. & dron. 5 Peluth & 1. Rane dison EI._'Tliu. Gen_ Pub. Service 5 Gr. Rap. & Ind. 47, Houston” Oil 5 t. Tel. & Tel 106%% 11u 10174 1013 Penna. Co. Bio Grande Westh 33 Sou Bell T & ¢ 1 Eo. Pa. RR_of Cal. bs M.J. Vanadium Corp Wabash Rwy. Co. 5 10 Western Un. el 50 158 1041 1041 PHILADELPHIA PRODUCE. PHILADELPHIA, December 7 (P).—Live poultry—Fowls, Plymouth Reck. fancy. 1: mixed colors, 1¥a18; ordinary, 15a White Leghorns, 6; ordinary, 1la 13 old roosters, Plymouth Rock ec foasting chlckenl. y. 17a18; 16a17; brol fancy, 13alb: Springers. i ordinary. 154 s a Boringers, 1 : rdin: Soringer _chickens. ' mixed colors. 13814 turkevs, fancy young hens ang_ toms halt nd balf, 19; young toms, 17al8: ordinary youm( toms. “Loal7: old. 17818 ducks. white Pekin, fancy, voung. 16: old, 14a14; mixed colors, 3 ducks, White, 13a14; l4a 16, Dressed _poultry—Turkey old hens, 20a21: old tom: resh killed. in boxes. lb oxes, 1805 T7%: old roosters, afy Bicked, 14a18; © pons, 21a29: ducks, Western. 17al8; foes fanky. Western, 17a18: Maryiand, colored, 12a15; geese, FOREIGN MAst LONDON. December 7 (P —_Gilt-edged securities and industrials suffered test losses in today's weak stock m:)rfi and ealings, but reacted the rans- Atlantic shares finished lower while " the amln: section was quiet and about un- The Bourse closed senerally heavy with railroad shares mixed and tes declining {rom 30 to 85 centimes, al stocks sold lower ‘while Roval Duteh nished the day With a 25-franc gain. nk of France stock lost 50 francs. gl s METAL KABKET NEW Y December 7_(#.—Coj steady: elmmme ot and future, 10 Tin steadi 87%: future, spot New York. Louts, e firm; uly spot i Biture D08 iron Ky o, 2. 1.0.b. n Pennayivanie. 2175 20.30: Alabama 15.30. Alimigum. timony, " spot, 5 00-5.00. " Platinim, 8.00. a small scale. ) Z106"s 1006 106 | . | Bell Tel of Can(6) E INANCIAL. THE EVENING STAR,. WASHINGTON, D. C., MONDAY, DECEMBER 7, 1936. NflV“MKCW&NMMflH By private wire direct to The Star. Stock and Diviaend Rate, Add 00. High. Low. Close. Adams M 1st pf 7_ 20s 111 111 111 Aero Supply (B).. 17 K 6% Air Inv Inc war i % U Air Investcv pf__ 2 2874 28% Ala Grt Sou (3) . 50s 791§ Ala Pwrpf (6) 108 703 Alabam Pw pf (7) 2 Allen Indus (t1)_. 1 Alliance Invest__. 2 Alum'n Co of Am 4008 Alum Am pf $113; 3008 Alum Good sa%0c. Alum’n Ind (40c) Alum'n Ltd Alum’n Ltd eu )'\( | Am Afrlines, Inc_ Am Beverage Am Capital (B) { Am CP&L ww2 | Am CitP&L B a20¢ nam B t60c | Am G&E (1.40) | Am Gen C’p (a50c) {AmGen Cpt (2)_ Am Hard Rubber_ Am Lt&Tr (1.20) Am Mfg Co (a3). Am Maracaibo __ Am Superpower Am Superpw 1st 6 Anchor Post F Appalach EPpf 7 Arcturus Radlo T Ark NatGas ___. Ark NatGcupf_. Ark Nat Gas (A)_. Art Metal W t60c. | Ashland O1l & Ref Ass0G&E (A) AssoG&E $5pf_. R TR oo 26 3 508 60x 5 758 0 90 1 3 108 s 19 87 59 2 34 1115 164 3§ 50 | 193 | Atlas Cor P (asoc). Atlas Corp war___ AtlasCpf A (3) Atlas Plywd as0c Austin Silver Bab & Wila2.85 Baldw L bd ris(d) Barium Stain St Barlow&S(A)1.20 3008 u(L)7% 1St pf_ due anca Aircraft. 6 30s 108 508 64 27 4 68 1 1 1 29 108 c\q | 181, 100 | | 16835 12215 194 a1 mh 12214 | 19 2% Bell Tell Pa pf 613 i on & I pf | Berkey&Gay . | Berk pur war Bickfords Inc (1) . Bickrords pf(213) Bliss Co (E W) __ | Biue Ridge Cal0c dge cv pf 3 w]{lum(mllal s Bohack HC 1st pf 10 | Bower R B (a 2 Bowman-Biltmore 16 -Bilt 1st pt £0s Bowmn-Bilt 2dpf 3 | Brazil TL&Pasie 1 258 16 2 1 ) Brit Celan L Brown Co pt Brown i & W alic Brown Forman ve P L (3) N&E pt 1.60 Inc war an Hy 1 1 Indu; 8 ke 508 2 1St pf 6 180s Corp (a40c) 13 -a Cen Hud G&E 80c 2 Cent Ohio Stial.l( 3 Cen P&L ;-1 J U6 KT & Centrif Pipe T Charis Corp(1 Chi Flex Shaft 12 1500 Chief Consol 2| Childs Co pe_ Cities Service. “ities Service pt. ies Svepf B City Auto Mtbl)c) Claude Neon Lts . Clev Tractor Clinchtield Coal Club Aluminum _. Cohn & Rosenbgr_ Colon Dev Ltd Colo Fuel&Iir war_ | Colts: 1 ATIY Colum G&E pf(5) 200s Columb O& ¢ Com'with Ed (14) Com with& S war 28 Comi'u'ty P&L 1st. bus Community WS - 1 Compo Shoe M t1. z Stock and Sales— Dividend Rate. Add on Guardian Invest__ Gulf Oil(Pa) (11). N 1 Hall Lamp (80¢) . Hartman Tobacco. 2 Hazeltine (a2% ) _. Hecla Min (a60c). Helena Rubenst'n. Hollinger G 165t Horn&Hard 11.60_ 76» Hudson PM&S (1) 9 Humble Oil (t1).. 16 Huyl pt stpd (d)_. !on- Hygrade Feud,_., IP&L6%pf uo. Il Pwr & Lt ss Pt 1008 Imp Oil Ltd t50c . & Ind'n Ter 1 O(B) 1 Indiana PL (t40c) 3 Indus Fin vte 5 Indus Fin 7% pf__ 26s Ins Coof N Am(2)100# Intl Hy E18 cv pt 10: Intl Mining (60c) - Intl Petr (t13%)__ Intl Products _ Intl Safety Raz B Intl Util (A). Intl Util (B) Intl Util war new Int Util pr pf 163 Intl Vitamin(50c) Interst Ho M 1214 Interst P(Del)pf. Inv Rovalty (3c) . Irving Air Ch (1)~ 1tal Superpwr(A). Jacobs(FL)Co(1). Jeanette Glad0c_ JerCen P&Lpt 5% Jonas & Naum___. Jones&Laugh Stl- Kans City P S vte. Kan City PSpt A Kingston Prod 40¢ Kingshury Brew _. Kirby Petr (20¢)_. Koppers pt (6) 1(- | Kreuger Brew (1) Lake Sh M (t4) Lakey Iy & Mach Leh Coal&N a60c Leonard Ol Lion Oil R (a50c)- Lit Brothers Locke Stl Ch 80c . | Lockheed Atrcraft | Lone Star G a6oc_ Long Island Ltg - | Long 1 L pt A(7)_ La Land (40¢c) | La Pw&Lt pf (6) | McWilliams D (12 Mangel Stores _ Mapes Cons (2) Marion Steam Sh_ Masonite Corp $1- Mass Util Associa Massey Harris Mayflower A (3) Mem Nat G(a50c). Merch&M A al5 Merritt Chap & S Mesabi Iron Metal 1 e»).!(«l\c} Mex-Ohio Oil Mich Bumper C_ Mich Gas & Oil- Mid-WAbras al0c Midid O evpf £11, Mohawk H 2d pt Molyvbdenum Corp Mont Ward A (7) Moore Dist (i50¢c) Moore D rts Dec21 | Mortg B'k Am Sh Aount Prod (60¢) Mueller Brass t1._. Nat Bella He: Nat Conta Nat Fuel Gas (1) Nat Gyps A a2l Nat Investors Nat Invest war __ Nat Inv pf (110) Nat : Nat Nat Nat Nat Nat 1008 1208 18 30e Rubber Mach Service Service pf Tea pf (53¢) ) Nat Union Radio.. Nebel (Oscar) Nehi Corp Nestle-Le Mur __. New Brad O al0c N E Tel&Tel a63; . New Haven Clock N J Zine (12) New M&A Ldale wmont M a3l w Process (2) Y & Hound (71) “0“- iag Hud Pw atlc 44 cHP(A) war. b Bem-P (al) Mmssmn (a50c) . Noma Elec (at0c) | North Am L& P North AmL&P pf 100s 6 N Ni; | 3 3 4 1 Cons Alrcraft “onsol Copper | Cons Gas(Bo)3.60 Consol M & S (2) Cons Royal (2uc)_ North Am Ut Sec North'n Europ Oil North Pipe L aTsc | North States P A_ 'u' 1 128 2 1 3% | Eagle Piten L 40c Contl Oil (M E\) - | Cont'l Roll & S Fy | Cook P & Var t60c Cooper Bessemer_ Wz 19% 243 593y opper Range _ Cord Corp Corroon & Reyn _ Cosden Oil Me (d) Cosden(Me)pf(d) Cramp(W&Sons) - Creole Pet (ajue) . Crocker-Wh aloc- Crott Lrewing Crown Cent I a6c. Crown C Intl A $1 | Crown Drug \-wc, Cuneo I’ pt (612 | Cusi Mex .\nmnp Darby Petr (5c). 28 Dayton Rubber 6 Dayton Iub(A)3$1 1008 Denunison 7% pf 308 Derby Oil & Ret 5 Derby Oil&R pif4 258 Det Stl PProd al Dohler Die C (al). Domin S&C (B) Dow Chem (2.40) . Driver Harris (1). Dubeiicr Condens._ Du; Hos (B) Duvai Tex Saite. 4 34 14 13% £ 13% 4 106 H 5! 165 | 204 823 72 6 9| Iliu? o6 10 140 1508 10 1 East'n G&F Asso stUn G&F pf(6).160e st'n Malle Ir 2_. 268 East'n States Pwr & East'n St Pw (A). 1 luiasy W M B tite. 1 Eisler Elec (aic). 17 Elec Bond & Share 71 ElecB&Spf (5).. 4 ElecB&Spf(6). 6 Elec P&L opt war. 1 Elec P&L 2d pf A_ 108 Elec Shareholding 8 El Shov C 1st pf_ 2508 Emp G&F 6% % pt 608 Emp Pwr ptal.30. 60s Emsco Derrick 1. 2 Equity Corp 26 Europ'n El bdrts. 10 Evans Wall Lead . Ex-C-O A&T t60c. Fairchild Av new. Falstaff Br (a13%) Fanny Farm(50c). Fansteel Metal __ Ferro Enam(a3).. Fidelio Brewery . Fire As(Phila.)t2 190s | Fisk Rubber Fisk Rub of (6 Ford Ltd a181-10c Ford (Can) A (1). 6 Froedt't cv pf 1.20 100s Il!( Gen Alloys Gen El Ltd a56 Gen Firepr'f t40c Gen G & Elcvpf B 60s Gen InvestCorp . 8 Gen Pub Sv pf $15. 108 Gen RayonLtd A_ 2 Gen TeleC'pal.35. 4 Gen Televpf (3). 2 Gen Tire& Rub . 3 174 Gen T&R pf A (6) 30s 101} 101 101 ‘.\o\ndelfud) N { Ohio Bras!(B)(l) 200- Okla Nat Gas Co__ Okla Nat Gas pf. Oldetyme Distil | Pac GeE 15t (134) Pac G&E pf 1.37 13 | Pacific Ltg pf (6) Pac Tin spec (12) | Pan-Am Atr (1)__ | Pantepec Ol | Pat Plym M(a2)__ { Peninsular Tel(1) Penn-Mex I aive Pennroad (azic). Penn P & L (6) Penn P& L (7) Pena Salt (4) Pepperell Mfg (6) Perfect Circle t2 | Phillips Pke a50c. Phoenix Secur Pie Bakeries t60c_ Pierce Gov ailc) . Pion'r GM Ltd 80c Pitney Bowes 40 Pittsbgh Forgin Pitts & LE t213 Pleas Val Wine_ Potrero Susar Powdrl & Alx 60c. Pratt & Lam all Premier Gold t1z¢ Producers Royal . Prud Inv (a50c) Prudent Inv pf (6} 60¢ PubSvelndpf 90s Pub Svc Ind pr pf 110s Pub Sv Okla pl(6) 10s “ug Sd P&L pf(5) 2508 Pug Sd P&L $6 pf 1768 Pyrene Mfg(a%0c) 2 Quaker Oats (t4)_. 10s Quebec Power (1) 100s Rainbow Lum (A) 6 Red Bank 26 Reed R B new 180t Reeves (Dan) 50c.. Reiter-Foster Reybarn Co a25c. Reynolds Invest. Rice Stix DG b50c. Richm’d Radiator. Root Petr (a25c) . Rossia Intl Corp . Royal Typewriter. Russek 5th Av(1). Rustless Ir&Stl Ryan Consolid'd ... Safety Ch&L (N) St Regis P St Regis Pa, cr of- Savoy Oil Schulte RE(d) ... Secur Corp Gen.... Segal Lock & H_. Seiberling Rubber Selected Indus . Sent Saf Control ... Seversky Aircraft Shattuck Den Min Shrev-El Dor P&L Singer Mfg (16) _ Sioux C G&E pf 7_ Smith-Cor (a25e) - Sonotone C (a10¢) So Penn Oil(t13%) Southn P L 20¢ Glen Alden C (1) . 4 WG Godchaux Sug(B) & flh Goldfield Consol. 4 X% Gorham pf ww 100s 38} Gorham vtcex(1) 2 23} Grand Natl Films 17 8% Gray Tel P8 (1) 2 19 Grt A&P T n v 16. 308 12134 Grt Nor Pap (11)_ 80s 87 Greenfleld T & D. Groc Store Prod.__ 14% 29 ) 37% llh ll)‘ uu 120 120 n 87 b Southn Union Gas Southl'd Roy 40c . Spanish&Gen rcts. Square D pf A 2.20 Stand Inv cum pi Stand Oil Ky 1. '}f Stand Oil Oh a25e. Stand Pwr & Lt Stand Prod (a25¢) Std Whole Ph 1.20 Starrett Corp vtc. High. Ia mu,i IO'I% lom 6% 6% 6% By 1 1% 6% 65 2 2 4y 4% 106% 1063 106 2055 2015 2004 57 67T 57 s 6% 6% 10 9 9% % % % 143 1414 775 1418 113 103 s 113y 513 2474 173 86y 34 73 834 143 | 17 \FASTER PAGE SET AT STEEL PLANTS Institute Finds Operations 0.7 of Point Higher at 76.6 Per Cent. BY the Associated Press. NEW YORK, December 7.—Opera- tions in the steel industry for the current week advanced .7 of & point to 76.6 per cent of capacity, a new high since May, 1930, and compared with 759 last week, the American | Iron & Steel Institute estimated today. A month ago operations averaged 74 per cent of capacity, while a year ago the rate was 55.7 per cent. A rush to place orders before new higher prices throughout the industry become effective January 1 was said by steel men to have contributed to the present heavy activity. The magazine Steel said today back- logs have become the largest since 1929 and that mills were faced with the problem of how to produce the tonnage booked in the remaining three | weeks of the month. Last week produced the heaviest railroad purchases in many years, with an aggregate of 409,000 tons. Since November 1 carriers have pur- chased approximately 739,000 tons. THE WEATHER District of Columbia—Partly cloudy with moderate cold wave; lowest tem- perature tonight about 20 degrees; tomorrow generally rair; fresh north- erly winds diminishing tomorrow. moderate cold wave in the rain or snow on the coast tomorrow generally fair. colder; interior; tonight; Virginta—, | colder; moderate cold wave in north portion; rain possibly turning to snow |on the coast tonight; tomorrow gen- | erally fair with rising temperature in | extreme southwest portion. T 5 « | rising temperature. s ‘ 31; 10334 T 156 6% ] 4 6 2 3 134 18 58 31 1 1834 18 3y 1 10 110 1y 9% 255 mv i’ 133 2814 29 2 4 134 21 2815 2 4 4 13245 134 260 a1 7 76 6 205 2% 2 10743 107} 107! 2835 28 2833 2833 1673 163 13 48 235 10, 3% 108 107 1 110% 16135 16134 44 140 3735 8734 1y 1y 63 6% 283 234 18% 18 6% b3 814 145 9034 2 1% 3634 141 2 3% 1% o634 3 134 15 1 107% 107% 101}6 343 12434 12434 12435 1834 181§ 18} 1 114 17% 17 3234 3214 ™ % ‘K K o% Bl 2% 2% 124 834 143 % 9374 36 1% 8% 116 8% 12 8% n7 8% 8% 116% 1163 116% 1 2% 254 2% % % 2% 8% MK 1% 16 X % lfll 405 405 l!}{ ¢ | Trans-Lux DP 20¢ West Virginia—Generally fair and colder tonight; tomorrow cloudy with Report for Last 18 Hours. Temperature. Barometer Degrees. Inches. s $0.54 Saturday— 45 31 Toca bam._ N am | Noon o | Record for Last (From noop, yesterday to noon today) Highest, 5 am. today. 36, at noon today. Year 280, Louu a0, Maryland—Mostly cioudy and much | Mostly cloudy and much | Year | Arizona Has Largest Population per Bank—Kansas Smallest Nmbfldpommporhnlbymhlm‘ FINANCIA 'STRIKE RESTRICTS LUMBER SHIPMENTS New Orders Continue to Move | | Ahead of Production Also During Tie-Up. ‘The lumber industry auring the hol- iday week ended November 28, 1936, | stood at 49 per cent of the 1929 week- | ly average of production and 49 per cent of 1929 shipments In spite of Thanksgiving day, re- ported new orders increased over each |of the previous three weeks and again gained over production and shipments, both of wkich have been restricted this month by the maritime Brokers’ Comments By the Associated Press. NEW YORK, December 7.—Most of today's stock market commentators | expect a continuance of mixed price | movements. Redmond & Co.—There is no change in the nearby irregular outlook. | Fenner & Beane.—It is still our | opinion a complete test of the market's internal position has not yet been negotiated. Abbott, Proctor & Paine.— While stocks may continue irregular for a in the next three or four months. | | vantage of weak spots should for the | immediate future at least turn off | strike. National production reported during cent fewer mills, was 16 per cent be- | shipments were 11 per cent below, but | new orders 3 per cent above that week, | according to reports to the National | Lumber Manufacturets’ | from regional associations covering the | softwood mills. Reported new business during the | week ended November 28 was 37 per cent in excess of preduction; ship- ments were 2 per cent below output. Reported new business of the previous weck was 13 per cent above production; shipments were 7 per cent below out- put. NEW YORK BANK STOCKS Recprd Temperatures This Year. Highest. 105. on July Lowest on January Humidity for Last 24 Ho) (From 16oh yesterday to noon today.) Highest, 100 per cent, at 8 p.m. yester- | per cent. at noon today. River Report. and Shenandoah rivers Lowest Potomac clear today. TIDE TABLES. (Furnished by Coast and Tomorrow. High 3N am. Low Hizh Low - THE § sun. soday 7 Sun’ tomorrow 4 Moon, today 1:20 am. Automobile lights must be one-half Rour after sunset. PRECIPITATION. N AND MOON. Rises. i | e 13 un, turned on NEW YORK. December 7 ' —New York | Security Dealers' Association | (Quotations as of 2 o'clock.) Bia B of Man (1'3). : Banke Cen Han sk & ‘rr ) Asked. i | Gommercial (%) Cont Bk & Tr Gorn Ex Bk | Empire T Gunranty Tr ¢ Irving Tr (.60) _ | Manutacturers T |Title G & T NEW YORK PRODUCE. W_YORK. December 7 (» —Eges. y precipitation in inches in the Monthly Cun.\m (current month to date) Ave. Record D = Stock and Sales— Dividend Rate. Add 00. | Sterchi Bros 3 Sterling Bra Gy Sterling Inctase). 8 Stetson (J B) 508 Stroock&Co al% - 6508 | Stutz Motor 4 Sullivan Machine Sunray Oil (aloe) 31 Sunshine Min (3) 8 Swiss-Am Elec pf 100s | Taggart Corp 1 TalcottJ pt pf 2% 2408 | Tastyeast(Del)A. 2 Taylor Dist (30¢c). 13 Technicolor Inc 24 Tech Hughes t40c & Tenn Products 43 Texon Oil & L 60c Thew Shovel a50c. Tilo Roof (t50¢) . Tishman R & C Tob Prod Exp 15¢. Tonopah Belmont 1 . b8 1 1 10 16 3 6 Tubize Chatillion. Tubize Chatl (A)- Tung-Sol Lamp n Tung-Sol L pf 80c Twin Coach (t40e) | Ulen & Co 732 % pt | Unit Corp war it Gas Corp Unit Gas C war Unit Gas pf(13%) Unit Lt & Pw (A) Unit Lt & Pw (B). Unit Lt & Pw pf. Unit Shipyds B __ Unit Shoe M t2% . 75s U 8 Finishing 2 U S Finishing pf_.100s U S Foil B (60¢c) U S & Int] Secur _ US&Int Sec 1st 15. U S Lirtes pf . U S Radiator U S Radiator pf U S Rub Reclaim. U S Stores Unit Stores vtc_ Unit Wall Paper. Univ [nsur (1) Univ Pictures Utilities Pw & L Util Pwr&Lt (B). Util Pwr & Lt pf_ 1800s 27 Utility Equities 2 Utility Eq pf a5%. 268 Utility & Induspf. 7 Venezuela Mex O. 17 Venezuela Petrol.. 19 Vogt Mfg Co (11). Waco Aircraft _. Wait & Bond (B)-. Wayne Pump (50¢ Wentw’'th Mf 1.20. W Va Coal & Coke ‘Westn AirEx a25c West Au Sup A 14 1008 W’'n Tab&Sta (1) Will O11-0-M a50¢ Wil-low Cafeteria Wolverine Port C.. Wolverine T t40c_ Woodley Pet t40c. ‘Woolworth (F W) Ttd A (a94 3-5¢) Wright Harg t40c Ygstn Stl Door 11 Yukon Gold(al3c) 4 5 ot 5 - 4258 1 3 8 276 b0s 1 125 ¥ Hole faney. 19a10%: "held * By freight. chickens: Fowls: Colored. 15a | roosters. 13, turkeys, TALK serving —more He will millions through the week ended November 28, by 7 per | low the output of the preceding week: | Association | 'npcxalmn.s of important hardwood and | profitably. Charles D. Barney & Co.—We !ould still keep debit balances within con- | servative proportions. Lamborn, Hutchings & Co.—We see | little to do other than to maintain a moderate trading position Hornblower & Weeks.—We continue | to believe the next important move will be upward Thomson & McKinnon.—It remains | to be seen if the advance can be ex- tended in the absence of important news stimulus. J. outlook is evidently subject to tempo- rary breaks in the news. CRUDE OIL PRICES. TULSA. Okla. December crude oil prices av tain arca—Salt Greek. Wo . e to S1IK <a ra same grade Y Buckeye lines, $1 Corning. $1 U.S. TREASURY POSITION. B the Associated Press. The position o the Treasury on Decem- ber 4: Rect 1 Xp ‘balance. $14 ‘cusioms receipis for the month. ts for the fiscal year (since July 94 844834 35 expencitures 086 954 97, including SLI9E530- 5K of emeigenc excess $1 gross a decrease of STEEL QUOTATIONS. NEW_YORK. December P prices per 100 pounds Blue * annealed sheets. hot galvanized sheets. rolled. 2.60: o {iheets. hot earnings, 9 months ended September 130, were $4.36. time, we believe they will be higher | Henry Clews & Co.— Taking ad- | Penney (J. C.) Co—Common share L. *%% A—17 PROFITS RECOVER IN SHOE INDUSTRY Increases in Both Leather Prices and Sales Cited by Poor’s Review. Special Dispatch to The Star. NEW YORK, December 7.—As a result of increases in both leather prices and shoe sales, earnings are being recorded by most units in the shoe and leather industry, according to a new report appearing in Poor's | Industry and Investment Surveys. Following a comparatively unfavor- able first half, profit recovery in the final half indicates an improved show- ing for the full year, as against 1935. Even after liberal upward revisions in dividend rates, sizable extras are being declared as a result of the Fed- eral tax on undistributed earnings. Production at New Peak. “The 40,225,000 pairs of shoes pro= duced in August, 1936, constituted a new all-time record,” continues the report. “Since that seasonal peak produc- tion has not declined materially, sug- gesting a 1936 total output in excess of 400,000,000 pairs versus the 384,- 000,000 record established during 1935. | | FEDERAL LAND BANKS NEW JORK. December 7 (P.—TFederal Land Bank bonds Bld. Asked. 1042 1005 {4745 November 4145 May January 1041y May CHICAGO PRODUCE. CHICAGO. December 7 (4 .—Poultry, |live. 1 car, 34 trucks: steady: hens. 4'z ‘fiohudk up. 14 less than 4'2 pounds. 122 exhorn hens, 11° Springs. 4 noundx LD colored. 1513: Plymouth Rock. 15%2: Whit ‘Rnu( 16 les than pounds. comred 1372, Plymouth and White Rock. 14! :olorm brol 1%+ Plymouth and White Rock. 2: Leghorn roosters. young toms, 147 u 13 hens. young, young. tlxn.nd\ and 18 bounds and less, | = 21: ol centralized steady: extra 2: fresh sraded s and local. 31: current receip {r o Siendards. 20%z re- : total U S | . Bache & Co.—The immediate Mayflower Associates, Inc—Net as- set value of company was $77.17 a | share as of November 30; it is expected that initial distribution in liquidation in current month may include $10 in cash and $55 in securities. LOA ON IMPROVE cation wlu\ more than 16 d, “This showing may be ascribed in ! part to the fact that prices have not generally advanced on shoes. “On the other hand, leather has advanced 10 per cent since the first of the year and by the close of 1936 is expected to reach a level 25 per cent above the 1935 year end. Higher Prices Indicated. “Labor conditions likewise consti- |tute an argument for higher prices. With shoe production holding at.near capacity levels, any demand for in- creased wages from the industry's | highly unionized labor might quickly | be reflected in advanced retail prices. “Likewise the re-election of Presi- dem Roosevelt with its concomitant threat of something like the N. R. A. |15 seen as a spur to price increases. | A general advance in shoe prices ap- pears imminent “Theoretically the tanners should reap inventory profits from the rise in hide prices. But despite persistent strength in hides. which promises to continue, tanners have yet not marked up leather prices proportionately. “At present they are negotiating with the manufactures on prices for the Spring trade, amd results will probably favor the leather makers.' —_— PONTIAC RECORD SET. NEW YORK, December 7 (P).—Re- tail sales of Pontiac Motor Co. in No- vember totaled 17,455 units, the larg- est in the company's history, H. J. Klinger, general manager, reported. In November, 1935, a total of 14,148 | units was sold. NS D D. C. PROPERTY Immediate attention on your appli- for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest balance charged only on unpaid of principal. E QUITABLE CO-OPERATIVE BUILDING LOOKING FOR A well-managed, modern, convenient BANKING HOME ? with one of our Officers. He will show you how the American Security is Washingtonians in all walks of life than seventy thousands of them. tell you about the more than 55 in resources we have built up careful management—about our more than 48 millions in deposits. Ask him about American Security's rep- AMERICAN SECURITY AND TRUST utation as Executor and Trustee and if Business of over 120 millions, the largest in the District. Let him show you through our six modern banking departm and tell you about our five convi well-equipped offices. We invite you to make American ity your banking home, for we know you will like the way we handle your aoffairs. COMPANY Largest Capital and Surplus of any Washington Trust Company A ssociATION 915 F STREET N.W. Organized 1879 ts Trust ents— renient, Secur- Main Office: FIFTEENTH ‘STREET AND PENNSYLVANIA AVENUE CENTRAL BRANCH 7th and Massachusetts Ave., N. W. NORTHEAST BRANCE Bighth and H Streets, N. E. SOUTHWEST BRANCH Seventh and E Streets, S. W. NORTRWEST BRANCH 1140 Fifteenth Street, N. W, Mazupzer Feoerar Derosit InsuraNce CORPORATION Mzemszer Feperar Reserve System