Evening Star Newspaper, December 10, 1936, Page 20

FINANCIAL DECLINES IND.C. $179 Per Capita Represents Drop of $29 Compared With 1935 Mark. BY EDWARD C. STO! Washingtonians are not as thrifty as they were a year ago, at least, so far as can be judged by their savings accounts in the banks. Average per capita savings stand at $179, a drop of $29 per person, compared with 1935, or a decrease of 13.9 per cent. Savings in Washington banks on June 30 of this year ag- gregated $106,- 611,000 owned by 248,772 deposi- tors. The aver- age of $179 per person compares with a national average of $184 or a gain for the ‘whole country of $5 per capita. The 1936 record in the Capital, however, discloses a gain in savings accounts of 17.8 per cent over 1926 and a more sensational gain over 1916, savings per inhabitant having soared 289.1 per cent in the last two decades, according to W. Espey Albig, deputy manager of the American Bankers’ Association, who has just presented the results of a survey of the savings situation all over the United States. Maryland banks have a total of $399,820,000 in savings deposits or $240 per capita, a gain of $3 per person over 1935, or 1.3 per cent. Savings are 5 per cent lower per in- habitant than in 1926, but 98.3 per cent higher than in 1916. Maryland has 842,833 savings depositors, a gain of 36,290. Virginia has $238,958,000 in savings deposits, or $91 per in- habitant, held by 451654 depositors. West Virginia has $116,080,000 in savings, $64 per person. “A deterrent to savings has been the low interest rates which tend to draw surplus funds away from sav- ings in banks and find investment in the buying of durable goods, and in the purchase of life insurance. To some degree this loss has been counter-balanced - by the opening of | accounts by new depositors,” Mr. | Albig asserts. Dividend and Bonus Voted. | Directors of the City Bank have | Just declared a dividend of 5 per cent | on the capital stock, payable January | 15 to stockholders of record January | 5, President C. F. Burton announced | today. This action does not mean the establishment of a regular dividend rate, Dr. Burton explained, as it is| W. Espey Albis. Prev. %5 137% 169% 55% 93 6974 116 113% 1 1528 615 1454 103 the policy of the directors to pay divi-| 157 dends when and as earnings and con- | ditions justify. ? The directors alsc voted to pay a| bonus to the employes equal to one- half of their average monthly salaries. | Plans were made for this bonus in | September but the announcement was delayed until such time as the direc- tors should consider the question of & dividend. This is the second Wash- ington bank to announce a Christmas | bonus. The board of directors of the Ana- costia Bank, meeting yesterday de- clared a 3 per cent dividend, to stock- | holders of record December 31, pay- able December 31. Cashier W. L. Koontz reported the best earnings for | any period in tie history of the bank. | 130 Retail Trade Up 5 Per Cent. | Department store sales in the fifth Federal Reserve district, which in- cludes Washington, in November werz 5 per cent higher than in November, | 1925, the Federal Reserve governors announced today. Trade in the fifth district in the first 11 months of 1036 was 10 per cent ahead of the like period a year ago. Fifty-three stores reported from 27 cities. The board’s seasonally adjusted in- dex advanced to 93 per cent, the higi- est level since the middle of 1931. Sales in the whole 12 districts aver- sged 8 per cent higher in November and 10 per cent in the 11 months than in the same periods last year. Cleve- land district made the best Novembe: gain, 14 per cent, while Chicago and Dallas were up 13 per cent. The re- port covered 547 stores. Babson to Be Here Saturday. A lot of interest is being mani- fested here in the address by Roger W. Babson to be made Saturday fore- noon at the Raleigh Hotel on the out- Jook for 1937. Mr. Babson believes Washington will share to the maxi- mum in the coming prosperity. It is said he will talk about inflation possi- bilities as well as business. The meet- ing will be in charge of Walter D. Landry, Washington representative of the Babson organization. The public is invited and questions on business and investment probiems are to be permitted. Group Opposes More Banks, Luther A. Harr, secretary of bank- ing for Pennsylvania and chairman of the Executive Committee of the Na- tional Association of State Banks, an- nounced here today that legislation is to be sought in the next Congress to ryeduce permiscuous chartering of banking institutions. The association is made up of past and present supervisors of the 48 State banking systems, the action be- ing authorized at a meeting held in +Washington last week. The commit- tee considers the easy chartering of financial institutions as of vital im- portance, especially because the flow- ing tide of recovery is leading in- competent groups to apply for bank charters in some communities which sre already adequately served, Secre- tary Harr asserted. 1,300,000 Accounts Protected. More than $1,000,000,000 in savings of some 1,300,000 persons are now protected up to $5,000 each by in- surance issued by the Federal Sav- ings & Loan Insurance Corp., it was announced today. The billion-dollar mark was passed in November, when 32 additional savings, building and loan associations received certificates of insurance, bringing the total of these institutions so protected to 1,524, ‘These insured associations are lo- cated in 33 States, Alaska ‘and the District of Columbia. Although the maximum individual protection afford- ed is $5000, approximately 98 per cent of all accounts are insured to the full amount, since most accounts are less than $5,000. Ohio, with 143 insured associations and 337,000 in- dividual members, leads all other States. Heard in Financial District. Virginia Beach, Va., received bids today on $113,000 bonds, to be dated February 1, 1937, and maturing from 1939 to 1967. The new bonds are to meet maturing obligations and will ©SarTy & coupon of 4% per cent, 4BY; 31ty 548 35 131 b4l 100 464 GN 11% 92% 97n 92 263 4lk 4915 18 K 348 28% 21 22% 28% 105 | 103% 16k 32% 25% 72 6% 20 1354 61 12 2% 5% % 12% 24% 65% 3 8 8 32% 30% 14% % 23% Clark Equip(11.60). T4% 134 20% 66% 116% 4% 3T%h 28% : 15 m-. 1956 Stock and Low. Dividend Rate. Add oa. mn:. 59 Acme Steel (4) .. 9% Adams Exp (as5¢) - 17% Adams Millis(al%) 2214 Address’graph( 1) 1% Advance Rumley... 58 Alr Reduction (11). 2 Air-Way Elec Applt 13 Alasks Jun (1%00). 2% Alleg Corp (d)____. 12% Alleg pf w330w (d) 12% Alleg pf wS40w (d) 121 Alleg pf xw (d) ... 27 Allegprpf(d). _. 26% Alleg Steel (al.40).. 98 Alleg & West (6) 157 Allted Chem (8) . 23 Allled Mills (ab0c). 6% Allled Stores __ 35% Allis-Chalm (t13%). 43 73% 19% Alpha PortC(a1%). 3 31 Ama) Leather. 3 5% Amal Leather pf. Amerada Corp (2)_ Am Ag Ch (Del) ad_x Am Bank Note (11). Am Brake Sh (2) . Am Brake S pf 6% 115% Am Can (14) _ 162% Am Can pf (7). 30 Am Car & Foundry. 57% Am Car & Fdry pf. 31 Am Chain(al) 111 Am Chain cv pf 87% Am Chicle (14) - 7% Am Colortype 20% Am Comcl Al (a50c) 5 3 80- 110% 4 238 3 31W 39 18% 3% Am Encaustic 6% Am & Foreign Pwr_ 25 Am & For Pw §6 pf. 9 294, Am & For Pw$7pf. 19 12 Am & For Pw 2d pf. 9 13 Am Hawailan (1)_.x 12 4% Am Hide & Leather 9 37 Am Home P (12.40). 2% Am lce 9% Am Intrnat'l (a40c) 231 Am Locomotive 66 Am Locomo pt (33) x 21 Am Mach&Fdv(t1) 5 10 Am Mach & Met 60c. 16 27 Am Metal — 8 714 Am Power & Light_ 36% Am Pwr&Lt pf (5). 43 Am Pwr&Ltpf (6)- 18% Am Radiator(t60c). 23% Am Roll M (11.20)_ 18 Am Seating(az)_. 56% Am Smelt&Ref (3)_ 13615 Am Smé&Ret pf (7) 2013 Am Steel Fdry (al) 107% Am Steel Fy pf (7). 11 18938, 4 9% 98% 16% 19's Am Wat Wksad0c... 92% Am Wat W 1st (6) 7% Am Woolen 52% Am Woolen pf (“). %, Am Writ Paper (d). 4's Am Writ Pap pf (d) 315 Am Zinc & Lead. .. 24 Am Zinc & Lprof. 28 Anaconda Cop (t1). 85 Anaconda Wire t2.. 15% Anchor Cap t6Vc) 15 % 97 Anchor Cap pf(6%) 40s 107 9 Andes Copper 3 37 Archer-Dan-M (12). 11 4% Armour (lilinots) 26 66% Arm’r(I11)pr pf (6) 47\ Armstrong C'k 1113 714 Arnold Const (5d¢) 8ls Artloom Corp . 125% Asso Drv Goods Assoc D G 1stpf(6). 59 Atch To& S FeaZ 90%, Atch To&S Fe pf(5) 21% Atl CoastLine(al).. 11 AUGuif& W Ind 1315 AtIG& W Ipf(a3).x 2 26% Atlantic Refin (1) 112 Atlas Powder pf(5) 26% Auburn Auto 5% Austin Nichol 29%; Austin Nichols pf A 108 4% Aviation Corp (Del) 7 213 Baldwin Loco (d) 2913 Baldwin Loco pf(d) 2% Baldwin Lo asd(d)_ 33% Baldw L pfasd(d). 157 Baltimore & Uhio... 21 Baltimore & Oh pf_ 41% Bang & Aroos (2%) 109% Bang & Aroos pf(7) llDl llD % Ban& ArrtsDec28 14 1 21 Barber Co (a75c)--- 71 34% 13% Barker Brothers. .. 2 25% 821 Barker Brospf . __ 30s 129 14% Barnsdall O1) (80¢) 30 21 16% Bayuk Cigars t75c. 2 19% 18 Beatrice Cream(f1) 2 26 100 Beatrice pf ww (5) 1103 85 Beech-Nut Pkg(f4) x 2 106 13% Helding Hem «1) 13% 21% Bendix Aviat(al) 28% 20 Beneficlal L. t11%) 22% 48 Best&Co (2%) ... 2 64% 45% Bethlehem Stlallz. 151 7d% 164 Beth Sti 5% Df(1) 4 20 10743 Bethiehe Stl pf(7)_ 1129 23 Bigelow-San (+1) _ 10 184 Black & Decker 25¢ 5 1% Black&D rts Dec 23. 7 1445 Blaw-Knox (a8lc).. 32 167% BoelngrAlrplane 35 41 Bohn Alum&Br (3). 3 80% Bon Ami (A) (a5)_. 140s 25% Borden Co (1.60)__. 16 64 Borg-Warner (4)-—. 5 6 Boston & Matne__.. 6 1% Botany Min A (d) - 12} Bridgp't Brass 1400 43 Briges Mfg (12) 4T% Briggs & Strat (3) 41 Bristol-Myers 12.40. 40% Bklyn-Man Tr (4) - 97% Bklyn-Man T pf (6) 433 Bklyn & Queens . 33% Bklyn & Qns pf(33). 44%3 Bklyn Un Gas (3).- 45 Brown Shoe (3) - 814 Brunswick-Balke. 8% Bucyrus-Erie 9% Budd (EG) Mg _ 8% Budd Wheel (a20c). 20% Bullard Co (a1%).. 11'; Bulova Wateh. . .. 25 Burr Ad Mch( 214 Bush Terminal (d). 8% Bush Term deb (). 14% Bush T Bldgs pf(d) 110s 7% Butler Bros (aé0c). 5 30% Butler Brospf 1%_. 5 2% Butte Copper&Zine. 29 16% Byers (AM) ... 20 54% Byers (A M) pf___. 80s 22 ByronJacksontl.. 6 30% Talifornia Pxg(1%) 2 % Callahan Zinc 37 6 Calumet & Heca7io 31 30 Caumpbell Wy (11). 4 10% Canada Dry G A-... 151 107% Canadian Pacific. 38 37 Cannn Mills (a4) . 3 12% Cap Adm (A) ablc.. 5 45% Cap Adm pt A (3) 708 91 Car Clin&O stpd(5) 30! 103 6% Carrie.s & Gen 20¢. 7 92 Case (J I) Co (4)__.x 54% Caterpillar Trac +2. 17 21% Celanese Corpalis 6 19 CelotexCorp _____. 25% Cent Aguire (1134). 6% Central Foundry Co. 35 Central RROfNJ. 614 Century Rib Mills._. 47% Cerro de Pasco (4) . 8% Certain-teed Prod... 19 Champ Pap & F (1). 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80). 9 151% 295 28 35 344 EpA e FEFRRRIIF ‘Tool pf $3%. 19% Chi Yellow Cab (3). 17% Chickash Cot Ofl 7 Childs Co . 25 Chile Copper (1) _ 85% Chrysler Corp(a12) 15% City ice & Fuel (3). 2% City lce&F of (6%) 4% City Stores - 3 1% 2 33 130s 111 1 39% 1 69 1 126% G 48 Cluett Peabody (M) 84 Coca-Cola (t2)_ ___. 13 Colgate P-P (150c). 75 19% 2 103% 39% Collins & Atk 13 61% 107% Collins & Alk pf (') l!fll 113% 28% Col Fuel & Ir (new) !6 19% Colo & South 1st pf. 14 Columb G & Badde. 2 “ll THE EVENING STAR *)1414 wweo FEREE IIM 110% 231 283 31 184 % 30% 5% 36% 101% 86 397% 65% 137% 117% 168 54% 9% 66% 116 % | ++++1 - FEE 4+ 3 is 2 £ e o &3 | +++++4+ Seres"Fex ++ 10 ——— F3E ++ W siss sres HHE LAl | (R EP PEFLESE £ 3 FEEE £ SFF $2F £ $EE o |:+++++++ + P T FEES 122% 19% 88% 1 1% - % 33 38 110% 110% + % 39% 39% — 69 69 +1 126% 1254 + % 18 19% 41% 103 103% + % 60% 61% +1% 113 113% + % K uu —\!t l'l'h IN | 1334 Stock and aigh. 90 Col G & B ptA (6). 42 Colum Ploovpf 3%+ 100% Comcl Credit pf 4% 2% Comw & Southern. 30% Congoleum N 11.60.. 2% Con C pr pf ww 6% 103 102 ' Consol Ed NY pr(s) 3% Consol Laundries.. 12% % Conso! Textile (d). 36% 15% Container Corp (11) 4 109 674 Contl Baking pf(39) 46 35% Contl [nsur (11.20). 46 25 Contl Steel Corp(1) % 4 Coty Ine 35% 15% Crosley Radioal . 58% 46% Crwn C&S vt ww 23 18% 74 Crown Zelleb'k vtc._' % Cuba Co 68' Cuban Am Sug pf_.. 4 Curtiss Wright Davega Stores 1300. Delsel-Wem-G (1) Det & Mackinac . Dist Corp Seag Ltd Dome Mines (12).. 13 Dresser Mfg(B) al_ 184% 133 Du Pontde Na6.10. 9% 513 Eastern Roll Mills. 471y Elec Auto Lite 12.40 Elec Pw & Lt = 42% Elec Stor Bata2% .. 22% El Paso Nat G(1.60) 71 Eng Public Service. 16 Erie R R 18t p! 2314 Evans Product(fl)’. 815 Fairbanks Co pf_ 31% Fajardo Sugar (2)-. 7% Federal Mot Tr 40c. 201; Fed'd Dept Stal.60_ 247 Firestone T & R (2) 25'% Florsheim(A) (1) 95% Foster-Wheeier pf 3% Gabriel Co (A) ... 814 Gen Am Inv (a7sc)_ 7 Gen Bronze 7014 Gen Cable pf ($7)_— 7» Gen Gas & Elec (A). 5% Gen Outdoors Adv... 3% Gen Pub Service. .. 261 Gen Realty & U pf_. 17 Gen Theatre E (a2). 50 Gillette S R pf (5)~ 39% Glidden Co (2) .. 6% Goebel Brew (t20¢) 31% 21% Goodyear T & R 14% 81 Gotham Silk Hose_. 6% 3% Grand Unjon ctfs__ 46% 32Y% Grt Northern pt 41 39% 22 Green (H L)Co(t1) 24 Guantanamo Sug pf 28% Gulf States Steel Hall(WF)Printing. 105% 100 Hanna (M A) pf (5) 4% Hayes 41 25% Hercules Mot (1) _. 119 102 Hershey C.pf (14)._. 9 Holland&Sons t50c_ 39% Houd-Hersh(A)2%. Prev. 1036 Low. 80% Col G & B pf (B).... 31 Colum Plct vto (41) 94 Colum Carb vto(t4), 44 Comel Credit (14)_. 56 Com'l Invest T (t4) 14% Come'l Solv (160c) - 59% Comw & Sou pf (3). x 7 Conde Nast Pub. _ 15 ConnR&Lpf .. 8 Consol Cigar 65% Consol Cigar pf (7) 48% 27% ConsolEd NY 2. % 4% Consol Film 23: 15% Consol Film pt m) 15% 11% Consol Ol (160¢).. = 5% ConsolR R Cuba pf. 9% 2 Cons Coal (Dsl)vte. 12 Cons C (Del) of vto 26% 35% 10% Contl Baking (A)._ 1% Contl Baking (B) 874 67% Cont’l Can (13) . 24% 17% Contl Dia Fibre K 214 Contl Motors - 39%, 2814 Contl Oil (Del)al%. 691 55% Corn Ex BK&TT (3) 825 63% Corn Prod Ref (13). 50% 24 CraneCo.. 37% 35 Cream of Wh't (") 91% 43% Crown C'k& S (a4). 5 3% Cr'n C&S rts Dec 23. 49% 44 Crown Ck pf xw 2% 110 102 Crown WP 1st $6%. 601 28 Crucible Steel 124% 953% Crucible § pf $4.75. 9 Cuba RR pt_ 6 Cuban-Am Sugar. 35'; Cudahy Pkg (23%) .. 167 Curtis Publishing.. 10% Curt! 43% Cutler-. Deere&Co . .. . Deere & Co pf (1. 40) Delaware & Hudson Del Lack & West_ .. 42 Devoe & Rey (A) 13 30t Diamond Mteh t1% Distillers C'p p£(5).- Dizxzle Vort (1%) x Dominjon Stores... Dougzlass Atrcraft .. 47 Dunhill internati 13% Duplan Stlk (1) . 129 Du Pont deb (6) . 115% 111% Duquesne Lt 1st (5) 401, 2815 Eaton Mfg (+2)____ 157 Eitington-Schild Elec Boat (af0c) _. El & Mus Ind a18c._. "9‘7 Elec Pw & Lt $6 pf._ 323 Elee Pw & Lt $7 ptf_ 33 Elk Horn Coal (d)_. 1’3 Elk Horn C pf (d) 53% Endicott-John (3) 110 Endieott-J of (5) 5% Equit Office B a20c. 11 ErteRR. 11% Erfe RR 2d pf_ 12 Eureka Vae C ( 4% Exchange Buffet. 2% Fairbanks Co. . 34% Fairb’ks-Morse(t1) 205 122' Fairbanks-M pf(6). 18% Federal Lt & Trac.. 37 Fed Min & Smelter. 3 Fed Screw Works__ 2% Fed Water Sve (A). 106% Fedtd DS cupf 4% 38 Fid Phoe F | (11.20) 40 First NatStrs 215 3015 Flintkote Co (1) » Follanshee Bros (d) 241 Foster-Wheeler ___ 3 Freeport-Texas (1) 3115 FullerCo2d f____ 11% Gamewell Co 16% Gar Wood Ind a55c_ 42 Gen Am Trans (a3). 10% Gen Baking (1‘06!)- 5% Gen Cable. —cceueee 17 GenCableA . . ..o 34 Gen Electric (t1) 33% Gen Foods 11.80) 58 Gen Mills(3)__. . 53% Gen Motors (a4%)- 18% Gen Outdoor Adv A. 38 GenPrintInkaZi. 321 Gen Ry Signal (1)... 2 Gen Realty & Otil_. 331 Gen Refrac (a2%)-. 32% Gen Stl Casting pf 30% Gen Time Inv (1) __. 13% Gillette Saf R (11).. 6% Gimbel Bros. 84 Gimbel Bros pf (6). 52% Glidden cv pf(3%)- 3% Gobel (Adolf)_ 13% Goodrich (B F) 74 Goodrich(BF)pf(5) 108% 102% Goody r T&R of (5) 114 87 Goodyear $7 pf (4).. 4% 2 Graham-Paige 11% 1% Granby (2d stpd).— 42% 24% Granite City Stl (1) 52% 28% Grant(W T)(11.40). 22% 16 Grt North'nOre (1)x 31 Grt West Sug (2.40) 15% Greyhound (180c) n 1% Guantanamo Sugar 9% Gulf Mobile & N___ 30% Gulf Mobile & N pf. 30 Hackensack W(1%) 33 Hack WprA (%) 6 14 Hamilton Wateh . 125% 109 Hamilton W pf (6). 52% 30% Harb-Walker (2)_ l!k 12 Ellmol Am (A) l!! 102 Hazel Aull @1 (18). 21% 12% Hecker Prod (80c). 148 84 Hercules Pow a5 - 80 58% Hershey Choe (3).. 45% 30% Holland Fur (a1%). 116 108 Holland Fura pf(6) # Holl&Son rts Dec28 19% Holly Sugar (¥2) - 22% Houd-Her (B) 11%. 54% House Fin A (13)__. x 3% Hudson & Manhat_. 8% Hudson & Man pf... 13% Hudson Motor Car. 1 Hupp Motors. ... 18% Illinois Central.... % 30 [linois Cent pf (A) 41% 25% Indu Rayon (11.68). 147 106 Ingersoll-Hand(13) 122 88% InlandSteel (13)_... 16% 6% inspiration 7% & InsShMdefs a300_ 18% 11% Inter Rap T vto (4). 5% 2% In Intercontl Rubber.. ~15% _ 9% 1rofeee— A 2:16 p.m. Bales— vidend Rate. Add 00. High. Low. omomn 1104 104 104 + % 10s 100% 100% 100% I3 00 19 4= 1t 1= 33 14 09 00 50 8900 09 N O 4= O ll 18 ® M o = o bl L T T ST PO~ V- SR PP ST PRSP -3 =3 ) S 2 3% 37T - % 4!'/. 42% — % 121 121% +1% 68% 68% — W 114 114 —14 %% 17 -2 16% 16% + % 3% 8% % TI% - % 12% 12% + % 3% + % 16%—1% 16% +1 FREFEES t++++0 00 + 0+ R S an! A - - ¥ OEREEF ++ Al Feis #e sxgE s ras | &4+ 2 I++4+1 101 ++ +4 = +1+ I +i+1 REELE FEL $F SEFERS FE FEEE PE +44+ 0 PR & FESs 4 bl - ¥ SELEELLEET FEE FEES P R R o N 6% 1 101% lolh 101% - % 12% 12% 35 36% + % 1 usu 148% 148% — % 2 67% 6T% 67% + % 09 109 47% +2% lll + % 3:!6 -% 40‘( 41% 42% 21 65% 4 118% 117% llll + 10 15% 14% 5% ? l lfl 12% 2 % 4% 15 4% Prev. 1936 High, 2:16 p.m. Stockand Sales— Low. Dividend Rate. Add 00. High. 5% 2% Int Agricultural. 41% 22% Int Agricul pr pt. 194 160 Int Bus Mach (16). 101% 56% Int Harvester 3% lGD 148% Int Harvester pf (7} 2% Int Hydro Blec (A) 415 [nt Mercantile Mar 48% Int Nickel (21.30)__ 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% [nt Paper & Pw (C) 20% Int Paper .- Pw pf_ 19% Int Rwy Cent A Df.- 15 Int Silver 50 Int Silver pf (21)... 11% Int Tel & Tel 10% Interstate D S a50c. 3 82 Int Dept Strs pf(7). 30s 24% Island Creek (2).. 1 44 88 Johns-Manvilla({2)x 2 125% 121% Johns-Manv of (7) 10s 76% Jon & L 7% pf $1% x 108 39% Kalamazoo S (11).. 2 18 K City Southern 5 19% Kans C S pf (al) .. 3 24% Kayser J&Co(al%) 20 Kelsey-H (A)al%.x 18 Kelsey-H (B) a1%.x 14% Keivinator ¢(t50c) . 28Y% Kennecott (al1.70) . 17% Keystone S&W (2). 3% Kinney (G R) Co. 30 Kinney (G R) pf 4% Kre Dept Strs__ 20% Kre (SS) (1) . 35% Kress(SH&Co(t1)_ 19% Kroger G&B(11.60) 15% Lambert Co (2) .. T4 Lane Bryant. 12 Lee Ruhb'l'irlllfle) 15% Leh Port Cem’t(a2) 2 Lehigh Valiey Coal. 9% Lehigh Val Coal pf. 814 Lehigh Valley K R_ 89 Lehman Corp (13)_ 12 Lehn & Tinkall% . 37% Lerner Stores (12). 4T% Libbey-Ow Gla3dls. 7 Libby. McN & L a1_ 9784 Ligg&Mvers B (4) 19 Lily Tultp Cup(1%) 25% Lima Locomotive. . 36 Link Belt (12) __.x 3215 Liquid Carb (2.60) 43 Loew's Ino (12) x 1087 1041 Loew’s Inc pf (6%) 2 Loft Inc 35'3 Lone Star Cmt(t2) . x 12 3% Long Bell Lum (A) 8 21% Lorillard (P) t1.20. 10 13 La Ofl Ref pf (d) 708 2214 Ludlum Steel (1) _. 33 MacAnd & For (2)_. 29 Me Call Corp (12) - McCrory Stores . McGraw Elec (12) .. McGraw Hill Pub _ Meclintyre Porcu (2) McKeespt Tin a5 McKesson & Rob McKess&Rob pf(3) McLellan Strs a20c. Mack Trucks (1) . Macy (R H) Co (2). Madison Sq G t60c Magma Copper (a3) Manat! Sugar (d) . 4 Manat! Sug pf (d) .- Mandel Bros Man EI md gtd (d). 9 Maracatbo Ot Ex» 11 Marine Midl'd t40c x 79 Market St Ry 2d pf 1708 Market St Ry pr pf 1108 Marshall Fleld & Co 17 Martin Parry 12 Mathleson Alk(1%) May Dept Strs (3)_ Maytag Co (a50c) Mead Corp - Mead Corp pf (6) .. Melville Shoe (13)-. Mengel Co Mengel Co pf % Mesta Macha3% __. Miami Copper Mid-Cont Pet al.15 Mid'ld Stl Prod (12) Mid Sl 18t pt (8) 65 Minn-Hon Ros 13 614 Minn Moline Pwr 574 Minn-Moline pf(33) 1% M St P&S S Marte _ 2% MStP&SSMisin 16% Mission Corp(adsc) 513 Mo Kans & Texas 14'3 Mo Kan & Tex pf A. 24 Missour: Pacific(d) 3% Mo Pacific of (d) . 19% Mohawk Carp $1.20. 79 Monsanto Chem(t1) 35% Montgom Ward(12) % Mother Lodeal2ic 28% Motor Prod «12) 15% Motor Wheel (1.60) 11% Mullins Mf(B)as0c 70 Mullins Mfg pf (7). Munsinzwear (13) 14 Murray Corp « 43 Myers(FE) & 15 Nash Motors (1) 2014 Nashv Chat & 1213 Natl Acme (a75¢) - 913 Nat Aviation (al) .. 28% Nat Biscuit (1.60) tBd&Invalil. 32% 21'3 Nat Cash Reg (al). 28% 21 Nat Dairy Proalls. 112% 107% Nat Dairy P pf A(7) Dept Stores Dist Prod (2)-x 40%3 4808 1 3T 10% Natomas (t80¢). 32 Neisner Bros (12) . 110 104% Newb'ry (J J)pf(5). 35! 9 Newp't Indusaélc.. 832% N Y Alrbrake a2l _. 27% NYCentral RR _ 17% N Y Chicago & St L. 36% NYChi&StLpf__ 4 Dock. 200s ... &5 zzz el CReNO~Se NH - 3 NYNH&Hpf(d)_ 15 N Y Ontario & West 2 NYRyspt(d)_.__. 1 N Y Shipbuilding 7 57 N Y Shipbuliding pf 10s 83 N Y Steam pf (6) 208 1% Norfolk Southn (d). 1 310% 210 Norfolk & W (18) _ 3 115 105 Norfolk&Wn pt(4)_ 10s 13% 6% North Am Aviation 111 35% 23% North Am Co (t1).. 67 237 Northern Pacific .. 118 50 Northwest Tel (3)_. 10s 2 Norwalk Tire&Rub. 10 12% Ohio Oil (a60c) . 80 24% Oliver Farm Equip. 38 8 F&EF 4 atoralSc.. 13 121 Otis Steer = 110 70 Otis Steel pr pt. 2 47 Outlet Co (12) 20s 13 Pac Am Fisher (!). 13 3% Pacific Coast - 1108 8% Pacific Coast 1 10s 4% Pacific Coast 24 30= 34 Pacific Finan t1.80_. 2 30% PacificG& B (1%). 3 4T5% Pac Light (12.40)_. 45% 14% Pacific Mills (a1)_.. 54 152 118 Pac Tel & Telega7. 20s 152 140 Pacific T&T pf(6) . 40s 11% Pac West'n Oil a6ic 1 6% Packard Mot(ad5c) - 64 12% Pan Am Petr (aé0c) 3 1% Panhandle Pro & R.. 2 18% Panhandle P&R pf. 20s 67 Paraffine Co (t2)__. 3 T% Paramount Plct__.. 148 59 Paramount 1stpf.. 7 84 Paramount P2d pf. 48 17% Park & Tilford (2).. 1 2% Park Utah 69 40% Parke Davis (a1%). 23 Parker Rust P t1%. 60 Penick & Ford (3)_ x 69 Penney(JC) (a7%) 3% Penn Coal & Coke _ 4% Penn Dixie Cement. 28% Penn DixieCpf A 28% Penna Railroad(a2) 38 Peoples GasChi... 25% Pere Marquette.... 16 Pet Milk (11). 12% Pet C'p of Am a90c_x zz 10% Pfeiffer Brew (1.20) 2 . A—20 ==z = , WASHINGTON, D. C, THURSDAY, DECEMBER 10, 1936. SAVINGS AVERAGE TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1036 113 130 65% 24% 20% | 1148 43% 3% 6% 15 2815 149% 100 31% 32 21 374 33% 96% 9% 48 16% 125% 169% 20% 59 9% 18% 104 5874 17 48% 101 103% 154% 144 8% 92 115 7 54% § OFEF FEEFEFFS - 14} United Gas Imp (1) 79% 46% U S Steel FINANCI 2:15 p.m. Net Bales— Add 00. High. Low. Close. Chge. 114 Plerce Petroleum 26 4 2%, 28% Pillsbury F) (1.60) 29% 50 Pirelli Co A (3.13). 54 -4 T4% Pitts Coal . % 17% + % 35% Pitts Ccal pf % +4 T4 Pitts Screw lEI’/.D- 12% - % 49 Pitts Steel pt - A 105 +2% 2% Pitts United Corp.. 3% 584 Pitts United C pf. 21 Pitts& W Va_ 1% Pittston Co - 11% Plymouth Ofl (t1)._. 12 Poor & Co (B).._ 4% Porto R Am Tob A._. 1% Porto R Am Tob B_. 6% Postal Tel&C pf (d) 17% Pressed Steel Car.__ 17% PSClstpf a10 17-40c 5714 PSC 2d pf(a1.04%) 40% Proctor & Gam t1% 39 PubSve NJ (2.40)_ 103'% Pub Sve N J pf (8). 113% Pub Sve N J pf (6). 367% Pullman Ine fl*)-. 16 Pure Ofl 9% Purity Bak (Nflc) x 9% Kadio Corp - 6815 Radlo Corp pf A 3% 5 Radio-Kelth-Or (d) 11 R R Sec [1l Cent. 356% Reading (2) 97 Real Silk Hostery 65% Real Silk pf ($10%) 174 Reis (Robt) 12'a Reliable Strsas0c-. 17% Rem Rand (t60c) 99'4 Rensselaer & S (8 Reo Motor Car % Republic Steel Repub Steel pf $12_ Rep Stl prpf A (6). Revere Copper e Revere Copper (A).- Reynolds Met (1) Reynolds Spring t1. Reynolds Tob B (3) 0 Roan AnteCal.12_. 4 Rutland RRpt . 1 Safeway Stores(12) 3 110% Safeway Strs ot (1) 40s 22 StJosephLd (al)__ 39 1% St L-San Fran (4) - 1 2°¢ St L-San Fr pf (). 3 774 St L Southw'n (d) .. 20s 37% Schenley Dist (13)_ 28 chulte R Strs (d)_. hulte RSpf (d). 2 Scott Paper (12) 208 Seaboard Afr L (d). 24 Seaboard A L pf(d) 3 4 Seaboard ONl (1y._. 20 grave Corp 1 s Roebuck (12) Servel Ine (1) Sharon Steel (a1.20) sharpe & Lohme harp & D pf (3%) attuck F G(t30¢) Sheaffer Pen (2) Shell Un Oil (a25c). Stock and Low. Dividend Rate. e A A N Stiver King (60c) Simmons Co (a3) Simms Petrol Smith (A Q) Snider Packing Socony Vac Ofl a70¢ So Am G & P(a30c) South Port S (12) South Cal Ed (1%). Southern Pacific - uthern Railway uthern Ry pf M&O ctfs (4) « Spalding (A G) 2 ~pxmmzmu)lsz pf 7908 parks=-Withington 49 spearscm.mc) S pencer Kell (1.60) 1 Sperry C'p vtc (al) 28 Spicer Mfg pf (3) 100s Spiegei-May-S (3) x 4 Spiegel-M-S pt 61; 21% Square D Co (al3). 14% Stand Brands 180c 1207« Stand Brands pf(7) 9%; Stand Com Tobacco 54 Stand Gas & El (4) 91; Stand G&E $4 pf (d) 24% Stand G&E 36 pf(d) 26% Stand G&E 87 pt (4 2 Stand Inv Corp_._. 35 Stand O of Cal (t1) 32% Stand Oil of fnd t1. 51 Stand Ol of N J (11 65 Sterling Prod 13.80. 161 Stew-Warner t50c_ 14% Stone & Web 9ia Studebaker 27 Superheatera82lec 3 Superior Ofl 9% Superior Steel - 20% Swift & Co (11.20) _. Py 281, Swift Intl Ltd «2) 3 15 Symgton-Gould ww 12% Symingtn Gould xw 6% Tl'elautograph (60c) 5% Tennessee Cop alic 287 Texas Corpn (11) 4% Texas Gulf Pr (a5c) Tex Gulf Sul (12) . 28 Texas& Pac RR 715 Tex Pac C & O a25c 9% Texas PL T (allc). 337 Thateher Mfg (11). 85 The Fair pf (7). 815 Thermotd Co 3l Third Avenue 23% Third Nat Inva1.90 x 814 Thomp'n(JR)(50¢c) 24% Thomp Prod (all%) 47 Thompson Starrett. 26 Thompson Star pf__ 14% Tide W Asso O 60c_ 100% Tide Wat A O pf(6) 124 Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 147 Trans&Wn Air a2ic 10% Transue&W (160c). Ti« Tricontinental a50c x 109% Tri-Contl pf(6)caldx Tis Truscon Steel 2215 20th Cent Fox (a2). 31% 20th Cent F pf 1% 8% TwinCity R T 65% Twin C RT pf $14 274 Ulen & Co. 74% Und-Ell-Fish(a2%) 38l Union Bag&Pap (2) 71% Union Carb & C 3.20 20% Union Oil Calif (1) 247 108!3 Union Pacific (6) 132% 90's Union Pacific pf (6) 6 99 225 Union Tank C 1.20 27% 20% Unit Afrcraft a50c . 28% 13 United Air Line vto 184 161 United Am Bosch__. 30 24% United Bisc (1.60) _. 30% 68 United Carbon (13). 863 5% United Corp (a20c). 85508 67 40% United Corp pf (3) 44% 10% United Drug (a75¢) 7 4% 15 Unit Dyewood(1) - x 1 20% 93 United Dyew pf (7) x170s 100% 4 United Elec Coal 15 Th T 324 Unit Eng & Fy (12) X 2 484 484 6615 United Fruit (+3)__ 8215 82 144 34 s e B +1% + W +2%, 1044 100% 2 U S Distributing.__ 10 U S Distributing pf 150 22% 13 US& For'n Secur 17% 91 US&ForSist(6). 98 24% U S Freight (1) __.x 6 324 80% U S Gypsum (12) 120 160 U S Gypsum pf (7). 8% U S Hoftman - 31% U S Indus Alcohol. 4% U S Leather vtc 10% U S Leather A vte. 71 U S Leath pr pf vte. 21% US Pipe & Fy(1%). 7% U S Realty & Imp.. 16% U S Rubber .. 47 U 8 Rubber 1stpf_. 72% U S Smelting (a10) b4 3 FEERFEFFEEF +1 444 115% U S Steel pf (7). 181 U S Tobaceo (15)_. 5 United Stores (A)-. 57% Univ Leaf Tob (13) 50 Univ Plot 1st pf_. 3% Utll Pwr & Lt (A) . 1 Vadsco Sales Corp.. 30 Vadsco Sales Co pf. 16% Vanadium Corp . 28% Van Raalte (ad%)- 40 Vick Chem (12). 4 Va-Car Chemieal... 28% Va-Car.Chem 6% pf 4 Va Iron Coal&Coke. 2% Wabasb (d). .. ... 26% Walker (H) (2)eeee 5% Walworth Co. —ceee 10% Ward Baking A 21 Ward Baking B.... 9% Warner Bros Pict_. % Warner-Quin (d)... 4% Warren Bros 15% Warren Bros cv pf- 2% 21 Warren Fdy&P(11) % 19% Waukesha Mot (1) 64 Webster Eisenlo] 1 Wells Fargo...---- 208 —_— (Continued on Twenty-first Page.) AL, STOCKS SWEPT UP INHEAVY TRADING Steels and Coppers Lead Rise of Fractions to 2 or More Points. Stock Averages tndus. Ralls Net change. +.3 +.4 Today noon. 96.3 Prev. day... 96.0 Month ago_. 984 Year ago_.. 72.0 1936 high___ 993 1936 low 134 1935 high... 76.3 1935 10W.... 49.5 185 21.6 348 1932 10W.... 175 8.7 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low ... 516 953 618 61.8 a8 ofls +3 +3 709 70.6 19 54.2 1728 55.7 56.1 396 39.2 403 295 435 302 312 52.0 51.7 51.2 43.2 53.7 434 447 (Comptied by the Associated Press.) BY VICTOR EUBANK, Associatea Press Finan.: Writer. NEW YORK, December 10.—With England’s royal romance controversy apparently settled with abdication of the King. the stock market today s | shook off its apathy and steamed into a sharp rally. Led by the steels and coppers, nu- | merous issues pushed up fractions to 2 or more points. There was a little late selling, but most of the favorites closed near their tops of the day. Transfers were around 2,350,000 shares. | The list dailied in a rather restricted | range until the announcement Ed- ward had renounced his throne. A buying rush immediately got under | way with such momentum the ticker tape, for about half an hour, was as much as three minutes behind floor . aconda, transactions. There was a slowing down later, accompanied by some offerings in the most pronounced gainers. Early ade vances were reduced in many ine stances, but the leaders gave ground grudgingly. Prices again stiffened after noon and the pace quickened near the finish In addition to the lessening of ten- sion over Britain's matrimonial crisis, brokers thought the steady flow of | optimistic domestic business news had much to do with inspiring the recovery. Outstanding shares on the forward sortie included United States Steel, Bethlehem, Republic, Gulf States Steel, | A. M. Byers. American Rolling Mill, | Chrysler, General Motors, Deere, In- ternational Harvester, J. I. Case, An- Kennecott, International Nickel, Dome Mines, Phelps Dodge, | McIntyre Porcupine. Westinghous | United States Rubber, Goodrich, Pulls | man, International Hydro-Eelectric, | Generai Railway Signal, Southern | Railway, Houston Oil. Great Northern, Loew'’s, Newport Industries. Interna- tional Paper & Power, United States Realty, Barber Co., Johns-Manville and Holland Furnace. NEW YORK COTTON BY the Associated Press. NEW YORK, December 10.—Further advances of 14 to 17 points in cotton today on active trade, foreign and commission house buying carried all crop deliveries above the 12-cent level. Heavy realizing caused partial re- | actions but prices maintained part of their gains in midafternoon, when the market held 6 to 14 points net higher. March, which rallied from 12.26 to 12.39, sold at 12.33. Cottonseed Oil. Bleachable cottonseed oil futures closed strong. December, 11.00b: Ja: uary, 11.24; March, 11.30; May, 114 11.50. Sales, 562 contracts, in- b—Bid. Liverpool Quotations LIVERPOOL. December 10 (#).—Cotton. 2000 bales including 4.500 Amer in lim 3 68: ) October. CHICAGO GRAIN BT the Associated Press CHICAGO, December 10.—In late dealings today wheat got as high here as $1.29% a bushel December delive ery, but, as on preceding upswings, re= acted because of profit taking. Persistent demand for wheat to be shipped to importing countries fur- nished the chief incentive for market upturns. Canadian wheat export busi- ness today was estimated to total 500,- 000 bushels. At the close wheat was !; cent lower to !: cent higher mmpared with y terday's finish: December, 1.283g-13; May, 1.237%-1.24: corn, 13 down to 1, up; December, 1.0955-3;: May, new, 1.033-15; oats unchanged to % off, and provisions unchanged to 22 cents 1 1.0014 100 IREON 1013, ante 0638 | May. old | July. new | July. old san Jul: 40' SOY B!ANS—- H)erunber 143 Ma 1.43% July, i 1.01% 1.01% 20 0% Chicago Cash Market. Cash wheat, No. 1, dark, hard, 1.331; No. 1, hard, 1.312; No. 2, hard, 131! al2; corn, No. 3, mixed, 1.0612; No. 1, yellow, 1.11%; Nec. 2, yellow, 1.11! No. 4, yellow, 1.04%al.07';; No. white, 1.09%21.10; No. 4, white, IOBl 1.08%; oats, No. 1, white, 53; No. 2, white, 51a52; No. 3, white, 51; soy beans, No. 2, yellow, 1.44%al1.46%; No. 3, yellow, 1.43%4a1.4412; No. 4, yellow, 141%;; barley feed, 60a88 nominal: malting, 1.00a1.37 nominal; timothy seed, 5.85a6.70 per hundredweight; new, 5.65a5.85 per hundredweigh! clover seed, 20 00a31.00 per hundred= weight. aux,fluong'x')?ceg":'{?' —Wheat, 5ed, Winter garli t b e ember. 1 cky spot domestics J'OIN RICEFIELD BOARD. NEW YORK, December 10 (#)— Richard W. Millar of Universal Pic- tures Corp. and Joseph M. Schenck have been elected to the board of the new Richfield Oil Co., which will come into existence shortly as a re- sult of the consolidation of Richfield Oil Co. of California, Pan-American Petroleum, and Rio Grande Oil Co. ;