Evening Star Newspaper, December 12, 1936, Page 11

FINANCIAL. FURTHER ADVANCE IN 1337 FORECAST - « Babson- Believes Present Low Interest Rates Will Continue. BY EDWARD C. STONE. Roger W. Babson, economist and statistician, declared that general business will be better in 1937 than in 1936, in addressing a conference of glients at the Raleigh Hotel this forenoon. The economist plso predicted mprovement in | petail sales, said present low in- terest rates would ¢ontinue and forecast an in- grease in real estate prices. In outli ning his Mr. Bab- sales should continue %0 hold up. In order, however, for retail sales to continue to increase, pew products must be developed. “Commodity prices will continue %o strengthen, going up for a few months and then sagging for a while. This process will continue for some time to come. “There will e increases in skilled Jabor rates and some increase in the general wage level. There, however, Roger W. Babson. cannot be any marked increase in| general wages so long as so much unemployment exists. ‘Wages are determined, not by the cost of living, | but by the number of unemployed | who stand ready to take vacant positions. Sharp Building Gains Seen. “There should be a marked in- erease in new building and in the out- put of the heavy industries. The latter has been held back thus far by politics, now pretty much settled for the next two to four years. “Interest rates will continue low for & while longer and, in fact, until the Government refunds the present debt for 20 years at 21, per cent. The general bond market today, however, looks pretty high to me. “If the utilities get a favorable de- eision from the Supreme Court, utility stocks should jump. Utility holders, however, should not be elated with such a decision. It will be followed by further legislation, which will ac- complish the same thing in an- other manner. “The railroads should do better in 1937 than in 1936, but they are still confronted with a great many handi- caps., I prefer airline, motor coach and equipment securities. “Inflation is already under way and should cause an increase in real estate prices in 1937, Mr. Babson eoncluded. 3 His predictions were both optimistic and conservative, many of his remarks being carefully qualified. He urged usiness men and investors to watch the charts closely and if any “large black areas” should develop rapidly, to “reef their sails.” Maryland Crop Yields Mount. The Federal Reserve Bank of Rich- mond has just reported that as the gesult of favorable weather crop esti- mmates on November 1 were nearly all somewhat higher than the estimates made on October ], and prospective r acre crop ylelds for all crops com- ned rose in all Fifth district States except West Virginia, which dropped 1 per cent. Prospective per acre yields on No- ‘wember 1, expressed as percentages of the 10-year averages (1921-1930), were as follows in States in the dis- trict: South Carolina, 129 per cent; North Carolina, 108 per cent; Mary- Jand, 102 per cent; Virginia, 91 per cent, and West Virginia, 78 per cent. South Carolina rose 7 points during October, North Carolina rose 3 points, Maryland 2 points and Virginia 1 nt, while West Virginia declined point. The national average was 86.5 per ®ent on November 1, a rise of 2 points during the past month. Investment Interest Growing. Chauncey G. Parker, partner in the New York Stock Exchange firm of Auchincloss, Parker & Redpath, Na- tional Savings Building, reports that & larger number than usual of small $nvestors are now buying stocks and showing keen interest in all the secur- Mty markets. This is not only true in ‘Washington, but in Baltimore, Phila- delphia and other cities, where he has made inquiries. There has also been p decided increase in interest in new fssues, which were in lighter demand around election time. While there 1s likely to be more or less irregularity In the markets during the next few months, Mr. Parker is highly opti- mistic on the general 1937 outlook. Heard in Financial District. Francis G. Addison, jr., president of the Security Savings & Commer- cial Bank, recently injured in a hunt- ing accident, has left Emergency Hos- tal and is now at his home, where is improving steadily. National Bank of Washington stock sold on the Washington Exchange yes- derday at $126 a share, a new 1936 high mark. The previous high was 125 and the last previous sale was made at 121. Yesterday's sale was & block of 24 shares. ‘W. J. Waller, vice president and tashier of the Hamilton National Bank, leaves here tomorrow for Chi- eago to attend a meeting of one of the leading committees of the Na- sional Bank Division of the A. B. A. President Harper Sibley of the Na- tional Chamber of Commerce is now #n South America seeking ways of stimulating this country’s foreign trade and looking for ideas on the development of agriculture, ‘The American Bankers’ tion executive council will hold '.he snnual Spring meeting at Hot Springs, Ark., April 18-21, DIVIDENDS ANNOUNCED A Pe- Btk. of is"ff 554! 5-- s 15 12-24 z-i§ 1 Aceumulated. T R ar mfl. ;".'«:::33 " 7 --12-9 --12-14 Pray High. T4% 16% 35% 21% 86'% 6la 174 5l 61% b4y 40% 45 137% 169% 56 93 T2% 116'% 8814 | 107 49 5% 354 131 304 54% 50 138% 28 89% 18“ 134 20% 1836 Low. 59 Acme Steel (4) ___. 9% Adams Exp (a53c) . 17% Adams Millis(a1%) 1% Advance Rumley.... 58 Alr Reduction (11). 2 Alr-Way Elec Applt 13 4laska Jun (1600). 214 Al Corp (d) ... 12% Alleg pf w§sow (d). 27 Alleg pr of (d) - 267 Alleg Steel (al.40). 157 Allled Chem (6) ... 23 Allied Mills (a0c). 6% Allled Stores 85% Allis-Chalm (t1% )- 19% Alpha Port C(al%) 4 Amal Leathe 75 Amerada Cor 49 Am Ag Ch (Del) ad. 37 Am Bank Note (1) 65 Am Bnk Note pf (3) 40 Am Brake Sh (12 115% Am Can (14) 162% Am Can pt (7) 30 Am Car & Foundry. 57% Am Car & Fdry vf.. 31 AmChain(al) . .. 111 Am Chain cv pf (5). 7% Am Colortype 20% Am Comel Al (a50c) 16% Am Crystal S(as0¢) 31 Am Encaustic._. 9% Am European See - 6!3 Am & Forelgn Pwr. 25 Am & For Pw 36 pf_ 29% Am & For Pw §7 pf. 12 Am & For Pw 2d pf. 13 Am Hawaifan (1)__ 4% Am Hide & Leather. 314 Am Hide & L pt (3) 2% Am Ice 16'a Am Ice pf (2) 9% Am Intrnat'l (a40c) 28%3 Am Locomotive Am Locomo pf (13). Am Mach&Fdvitl) Am Mach & Met 60c. Am Metal 7% Am Power & L!ghL 86% Am Pwr&Lt pf (5). 48 Am Pwr&Lt pf (6). 18% Am Radiator(t60c). 23% Am Roll M (11.20). 35% Am Saf Razor (12). 18 Am Seating(a2l) .. 568 Am Smelt&Ref (3)_ 20'; Am Steel Fdry (al) 24% Am Stores (2)_.. 14913 Am Tel & Teleg (9). 87 Am Tobacco (6)._.. 8814 Am Tobacco B (5) . 8’ Am Type Founders. 19% Am Wat Wksad(c.. 7% Am Woolen 523% Am Woolen pf (34).- % Am Writ Paper (d). 4's Am Writ Pap pt (d) 3% Am Zinc & Lead._ .. 24 Am Zinc & Lprpf_. 28 Anaconda Cop (11)- 15% Anchor Cap «60¢) - 9 Andes Copper- 37 Archer-Dan- 4% Armour (11linols) 47% Armstrong C'k t1%. T3 Arnold Conat (50¢). 813 Artloom Corp..... 12% Asso Dry Goods . 103 Assoc D G 1stpf(6). 59 Atch To& S Fea2 90% Atch To&S Fe pf(5) 21% Atl CoastLine(al) .. 13% AtlG & W I pf(a3). 26% Atlantic Refin (11) 112 Atlas Powder pf(5 14 Atlas Tack (a76¢) 26% Auburn Auto 5% Austin Nichols 4% Aviation Corp (Del) 2'y Baldwin Loco (d). 29'3 Baldwin Loco pf(d) 2% Baldwin Loasd(d). 33% Baldw L of asd(d)._. 157y Baltimore & Ohfo__. 21 Baltimore & Oh pf_. 417% Bang & Aroos (3%) % Ban & Ar rts Dec 28 21 Barber Co (a75¢c) . 18% Barker Brothers 141 Barnsdall O1l (30¢) 16% Bayuk Cigars t75c._. 110 Bayuk C1stpf (7). 18 Beatrice Cream(f1) Stock an s 86 Beech-Nut Pkg(t4) 13% Belding-Hem (1) 21% Bendix Aviat(all) 20 Beneficlal L (1% 45% Bethlehem Stlallz 23 Bigelow-San (11) _ 18Y Black & Decker 25¢ 1% Black&D rts Dec 23. 14% Blaw-Knox (a80¢c)-. 167s BoeingrAirplane . 41 Bohn Alum&Br (3). 80% Bon Ami (A) (a5)_. 39 Bon Am{ (B) 25% Borden Co (1.60) ... 64 Borg-Warner (4)... 1 Botany Min A (d) . 124 Bridgp’t Brass 1400 43% Briggs Mfg (12) . 47% Briggs & Strat (3) 41 Bristol-Myers {2.40. 40% Bklyn-Man Tr (4).. 44% Bklyn Un Gas (3).. 814 Brunswick-Balk 872 Bucyrus-Erie. ____ 9% Budd (EG) Mfg . _ 8% Budd Wheel (a20c). 20% Bullard Co (al%)-- 11'% Bulova Watch_ 25 Burr Ad Mch(t60¢c) 214 Bush Terminal (d) T Butler Bros (a60c). 30% Butler Brospf1%._. 2% Butte Copper&Zine 16% Byers (A M) .. 54' Byers (A M) pf____ 30% California Pxg(1%) % Callahan “inc 6 Calumet & Hec a750 30 Campbell Wy (11)_ 10% Canada Dry G A 10% Canadlan Pacitfic. 37 Cannn Mil ad) 91 Car Clin&O stpd (! 6% Carrie.s & Gen 20c. 921 Case (J I) Co (4) . 54% Caterpillar Trac t2. 21% Celanese Corpalls - 19 Celotex Corp.. . .. 54 Celotex Corp pf 35. 25% Cent Aguire (t13%) 6% Central Foundry Co 35 Central RRof NJ. 6'4 Century Rib Milis.. 47% Cerro de Pasco (4)_ 8l Certain-teed Prod._. 19 Champ Pap & F (1) 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80). 2% Chi & East 11l pf(d) 1% Chi Grt West (d)... 4 ChiGrt W pf (). .. 1% Chi M1l St P&P (d). 2% Cht M 8t P&P pf (d) 2% Chi&NW (). ... 124 Chi Pneumatio Tool 40% Chi Pn Tool pf $3%. 1% Chi R 1&Pao (d) 8% Chi RI&P 6% vt td) 3% Chi R u:ru of(d) 26 Oflocfinw ). - 86% Chrysler Corp(a12) 16% City ice & Fuel (3). 72% City Ice&¥ pt (836) 4% City Stores Clark Equip(11.60)_ 23% 111\6 107% Clev El (110 pf ¢%... 129 124 Cluett Peab pf (7).. 84 Coca-Cola (13)..__. 13 Colgate P-P (150c)- 106% 100 Colnle-P PpL(6)- 28% Col Fuel & Ir (new) 21% Colo & Southern... . 19% Colo & Soutb 1st pf 14 ColumbG& B l:... « 42 Colum Ploovpt3% 94 Colum Carb vte(14) 44 Comcl Credit (14).. 55 Com'l Invest T (t4) 14% Como’l Solv (160c) - thern. 28% Contl Ofl (Dellal. 25 Contl Steel Corp(1) 63% Corn Prod Ret (13). Dividend EIIL Add 00. THE By Private mu Direct to The Star. Sales— High. Low. Close. ohp 66% 66% 14% 4% 2% 3 8 4% 14% 4% 52% Al 37% 233 30% 18% 5 30% 5% 100% 88 39% o O o 10 19 08 1 28 1 S 1884 96 1 42% 17 30% 108 129 1 15% 6 32% 4 T 38 6% 129 15% 321 Tw 6'a 9% 93, Bly 92% 22% 36 43% B4 42% 2% 13% 33% 23% 665% 103 230s 87% 86% 4 11% 10% 5 34% 34 30s 111% 111% 60s 127 127 3 124% 123% 281 19% 208 100% 1004 4 36% 38% 1 425 42% ._ astotBitfaons 66% + 14% + 27T4h + 3% + 8% + 4% 14% 4% + 53 + 44h + 37% 233 -1% 0% — % 18% — % 5% - % 30% 5% + W 102 +1% 88% + % 39% ke % K] SFEFE F P 7z 188% 96 974 1% 25% 10 F FrET FEFSF 129 15% 32% T4 - 6% + 9l3 98%, 8% 928, 2245 SEEE CEFEGESIEET & 2 & » FREFIESTESEL S FESEFS ¥ F F O¥F F ORFEFEE EFF P 87% - 1% 10% — % 4% + % 1% + % 127 128% —1% 20% 4 1% 20% 1 103% 103% 103% + % 46 + 3% 100% — % 36% — % 424 120 - 4% 69% + 5 8% +1% 17% — % 3% 694 + % l! lOB‘/fi 331 545, 234 9% 153 lflh 43 84'- 1848, 115% 10% 185 15% 4% 17% K 22% 874 4% 65% 1% 6l 26% 15% 10 1088, 58! 45 1% AT 434 AT 51t 152 53% 4“ 1234 10% 531 6% be 31% 105% 2136 Grt West Sug pf(7) 129% 37 15'% 18% 9 21% 49% 119% 3% 1 42 T0% 13 63 194 101% 160 10% 8 15% 66% 23% 14% 8% 9714 12 11 108% 61% :.m Stock and Low. Dividend Rate 168 Corn Prod R pf (7). 4 Coty Ine . 24 CraneCo 856 Cream of Wh't ('2) 16% Crosley Radioall, 43% Crown C'k& S (a4). 3% Cr'n C&S rts Dec 23. 44 Crown Ck pf xw 2% 7% Crown Zelleb’s vic. 28 Crucible Steel 2 95% Crucible S pf $4.75_. 1% Cuba Co - 6% Cuban-Am Sugar. . 6383 Cuban Am Sug pf_. 35% Cudlhy Pkl (2%).. 167% Curt Net “fl 00. High, Low Close. Chge 1 168% 168% 168% + % 15 7 6% 7 48% — 36 28% sxferress 1L+ +4+0114++++1 © 43% Cutler-Hammer t1. T% Davega Stores (1) .. 52 Deere & Co 27 Deere & Co pf(1.40) 19'%5 Deisel-Wem-G (11) 36% Delaware & Hudson 4% Del Lack & West 4% Den&Rio GW pf (d) 128 Detroit Edison (+4) 42 Devoe & Rey (A) 13 30% Dtamond Mteh 113 37% Dia Match pf t135 . 1814 Dist Corp Seag 1.1d 93% Distillers C'p pf(3). 41% Dome Mines (12) 7% Dominion Stores 50% Doue! Afreraft 13 Dresser Mfg(B) al- 47 Dunhill Internat! 133 Du Pont de N 26.10. 111% Duquesne Lt 1st (5) 51 Eastern Roll Mills_ 156 Fastman Kod (16)_ 5% Fitineton-Schild 30% Elec Auto Lite 12.40 10 FElec Boat (a60c) _. 5% El & Mus Ind al8c... 6% Elec Pw & Lt 294 Elec Pw & Lt 38 nf 323 Flec Pw & Lt 87 pt_ 42% Elec Stor Bata2¥ _. % Elk Horn Coal (d) .. 114 EVk Horn C pf (4) 22% El Paso Nat G(1.60) 7% Eng Public Service. 5% Equit Office B a20c. 16 Frie R R 18t pf 231 Evans Product(f1). 4% Exchange Buffet 28 Fairbanks Co 815 Fairbanks Copf. _ 34%, Fairb’ks-Morse(t1) 31% Fafardo Sugar (2)_. 18% Federal Lt & Trac.. 84 Fed Lt& Trpf (6) 7% Federal Mot Tr 40c. 214 Fed Water Sve (A). 20'; Fed’d Dept St a1.60. 106% Fedtd DS cu pf 4%. 3% F1d Phoe F | (+1.20) 2472 Firestone T & R (2) 1001 Firestone nf A (6)_ srassfess &3 Frrsas + 101U+ +1++1++++ 8 180% 3 115'% 97k 176% Tl ++0+ 58% 40 First Nat Strs 215 30% Flintkote Co (1) 37 Follans| Bros (d) 32 Food Machine (1) 244 Foster-Wheeler 30% Fourth Nat Ia2.35_. 2315 Freeport-Texas (1) 108 Freeport-Tex pf(6) 47% Fuller Co or pf . 314 Fuller Co 24 v 3% Gabriel Co (A).. 11% Gamewell Co 16% Gar Wood Ind 813 Gen Am Inv (a 42Y% Gen Am Trans 10% Gen Baking ( 7 Gen Bron: 5% Gen Cably 17 Gen Cable A 140 Gen Cigar pf (T) 3415 Gen Electric (1) 33% Gen Foods 11.80) - 7s Gen Gas & Elec (A) Gen Mills (3) (a434)- 118 Gen Motors pf (5) .. 5% Gen Outdoors Adv .. 18% Gen Outdoor Adv A. 314 Gen Pub Service. 32'3 Gen Ry Signal (1). 2 Gen Realty & Ut . 26'% Gen Realty & 1" pf_. 33% Gen Refrac (a2%)- 3213 Gen Stl Casting pf 17 Gen Theatre E (a2). 13% Gillette Saf R (+1)_ %0 Gillette S R pf (5) 6% Gimbel Bros 39% Glidden Co (2) ___ 52% Glidden cv pf(2%). 37x Gobel (Adolf) 64 Goebel Brew (t20e) 13% Goodrich (BF) (a1) 74 Goodrich(BF)pf(5) 21% Goodvear T & R 102% Goody r T&R pf (5) 87 Goodyear $7 pf (4)_. 814 Gotham 8ilk Hose. 2 Graham-Paige 1% Granby (24 stpd 3% Grand Union ctfs. 16 Grand Un of (31%) 245 Granite City St (1) 2814 Grant(W T)(11.40). 32% Grt Northern pf _. 16 Grt North’'n Ore (1) 31 Grt West Sug (2.40) = cEr Fi et R o B FEEFESLESS F e I+ ++4+ .+ 4+ FELE & REPE & & P P S Bt BE TR TR R OPNERL ) L4441+ 22 Green (H L.)Co(*1) 15'% Greyhound ($80c) n 1% Guantanamo Sugar 24 Guantanamo Sug pf 301 Gulf Mobile & N pf. 28% Gulf States Steel 105 Gulf Sta Stl 1st $21 33 Hack WpfaA(1%). 6 Hall(WF)Printing 12 HatCorpof Am (A) 4% Hayes Bodv 12% Hecker Prod (60¢c) - 301 Holland Fur (a1%) 108 Holland Fura pf(6) 9 Holland&Sons t50c # Holl&Son rts Dec28 19% Holly Sugar (12).. 54% House F'in A (13)... 6% Houston Ofl vte. 48% Howe Sound (13 3% Hudson & Manh: 13% Hudson Motor Car_ 1 Hupp Motors. ... 18% (1linois Central 25% Indu Rayon (11.68). 106 Ingersoil-Rand(12) #8% InlandSteel (13).__. 6% Inspiration Copper. 5 InsSh Mdcfsa20c i Vol + FEFERPE & ®. = =T SITL O ” 9 = @0 CEYSere) FEFFEELE FE FEFEFES 2% Int Agricultural... 22% [nt Agricul prpf._. 160 Int Bus Mach (16).. 56% Int Harvester 214 148% Int Harvester pf(7) 2% Int Hydro Elec (A) 43 Int Mercantile Mar. 10 intl Mining (a90c).. 43% Int Nickel (81.30) __ 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% [nt Paper & Pw (C) 20% Int Paper : Pw pf 107 Int Print Ink pf(6) 8% Int Ry Cent Amer .. 19% (nt Rwy Cent A pf. 47 IntShoe (*2)..____ 11% Int Tel & Tel _ _ 10% Interstate D 8 af0c. 24% Island Creek 88 Johns-Manville(+2) T5% Jones&L 7% pf $3% 13 Kans City Southern 19% KansCSpf (al)... 17 Kauf'nn DS t1.60.. 20 Kelsey-H (A) al%. 18 Kelsey-H (B) 21%. 14% Keivinator (760¢) 28% T+l +++ 140000+ 01++1 4441410 18% !flmwly Cll.\‘k(l) 3% Kinney (G R) Co... 4% Kresge Dept Strs.. 20% Kresge (88) (11).. 19% Kroger G&B(11.60) 32 Laclede Gas St L pf i #3383 +11 - H3 - a3 ¥ +4+ EEEFEEESEFEFES RS Link Belt (2).__. 32% Liquid Carb (2.60)... Losw's Ine (13) . lm Loew’s Ine pf (6%) Loft ine uu 0 Star Cmt(13)_ 3% Long Bell Lum (A) 21% Lorillard (P) t1.! o H 2 3 + - - B8g8y22s - §eBagadgeye - P - PRSEIORS 2 171 -17 S T orvy Srpupryesopsy - St Z5sug syzEnye,Bos s s e A R § ¥ S L ¥ g2" EVENING STAR, WASHINGTON, D. C., TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ‘llh 49%, 118% 14% 131% 112 12% 251 115 19% 152 205 1936 1ow. Dividend Rate 38% Mclntyre Porcu (3) 85 McKeespt Tinab5l. 8% McKesson & Rob .. 37% McKess&Rob pf(3) 27% Mack Trucks (f1) 40% Macy (R H) Co (2). 8% Madison 8q G 160e. 341% Magma Copper (a3) 1% Manati Sugar (d).. 7% Manati S8ug pf (4) 13 Man El md gtd (d). 2% Maracatbo Ofl Exa. 8% Marine Midl'd t40c. 1% Market St Ry e 2% Market St Ry 2d pf. 18% Market St Ry pr pf 11% Marshall Fleld & Co 6% Martin Parry 27% Mathieson Alk(1%) 43% May Dept Strs (3)._. 13% Maytag Co (ab0¢) . 12% Mead Corp 554 Melville Shoe (15)_. 67 Menge! Co - 50 Mengel Co pf 311 Merch&Min T +1.60. 40% Mesta Mach a3% .. 5% Miami Copper 17% Mid-Cont Pet a1.15 21% Mid’ld Stl Prod (12) 110 Mid St Lst pf (8) 65 Minn-Hon Ros 1% 614 Minn Moline Pwr 57% Minn-Moline pt(33) 2% M StP&SS M Is in 16% Mission Corp(adse) 5% Mo Kans & Tezas 14! Mo Kan & Tex pf A. % Mo Pacific of (d) _ 19% Mohawk Carp 11.20. 79 Mousanto Chem(t1) 35% Montgom Ward(12) 42 Morrell J & Co 2.40 60': Morris&Essex (3% ) * Mother Lode al2%e 28% Motor Prod (t2) 15% Motor Wheel (1.60). 11% Mullins Mf(B)as0c. 21 Munsingwear (13)_. 14 Murray Corp (as0c) 15 Nash Motors (1) .. 20's Nashv Chat & St L. 1214 Natl Acme (a75c) - '3 Nat Aviation (al) 28% Nat Biscult (1.60) 34% Nat B'd & Inval.11. 26% Nat Lead (150¢) 9% Nat Pwr & Lt (60¢) '3 Nat Ry Mex 24 pf atl Steel (1213) __. at Supply Co 741% Nat Supply pf $3%_ 77y Nat Tea (60¢) 32 9 Newp't Indusaéic 8214 N Y Alrbrake a2 _. 27% N Y Central R R _ 17% N ¥ Chicago & St L. 10% N Y Dock pt coe 1 N Y Investors (d) 3 NYNH&H (d)__ 7% NY NH & H pf (d). 4 NYOntario & West N'Y Shipbuilding Shipbldg pf (7) 1% Norfolk Southn (d) 6% North Am Aviation. 2313 North Am Co (t1) __ 98 North Am Ed pf(6) ’s Northern Pacific_ 2 Norwalk Tire&Rub. 125 Ohto Oil (a60c).__ 24' Oliver Farm Equip. 17 Omnibus Corp vte. 107 Omnibus Cp pf(8) 8 Oppenheim Collin: 24% Otis Elevator a7ic.. 1215 Otis Stees . 70 Otis Steel pr pt_ 13 Pac Am Fisher (1). 314 Pacific Coast. ... 8¢ Pacific Coast 18t 4% Pacific Coast 24 .. 32 Pacific Finan 11.80.. 30% PacificG & B (1%). 47% Pac Light (12.40)__ 14% Pacific Mills (a1). 118 Pac Tel & Teleg a’ 11% Pac West'n Oil a6 67x Packard Mot (a45¢c) 12! Pan Am Petr (a60c) 1% Panhandle Pro & R. 18}; Panhandle P&R pf. T4 Paramount Plet 59 Para Pic 1st pf (6) 84 Para Pic 2nd pf 60c 2% Park Utah 23 Parker Rust Pt1% 4's Parmelee Transp't. 6% Pathe Film Corp. 10% Patino Mines ... 14 Peerless Motor . 69 Penney(J C) (a7%) 3% Penn Coal & Coke 413 Penn Dixte Cement 17 Penn Glass cfs aslc 281 Penma Railroad(a2) 38 Peoples GasCh! . 56 Pere Marquette of _. 12% Pet C'p of Am a%0c. 10's Pfeiffer Brew (1.20) 25% Phelps Dodgeal% . 45's Phila Co 6% pf (2). 3% Phila Rap Tr (d) .. 8t Phila Rap Tr pf (4) 1% Phila& Read C& 1. 66 Phillip Morris (3) .. 3844 Phillips Pet (a23). 70 Phoenix H of (3%). 8 Plerce Oll pf. 1'% Plerce Petrol 7i4 Pitts Screw ab2%c.. 49 Pitts Steel pf 1% Pitts Term Coal __. 14 Pitts Term Coal pf. 2% Pitts United Corp. 581x Pitts United C pf... 21 Pitts& W Va - 11% Plymouth Oil (t1)_. 12 Poor & Co (B) . 4'5 Porto R Am Tob A_. 1'% Porto R Am Tob B.. 6% Postal Tel&( Df @) 17! Pressed St 17% PSClstpf a10 L 100 57% PSC 2d pf(al.0474) . 40% Proctor & Gam 1% 4 122% 116! Proc & Gam pt (5). 504 130 66% 24% 1333 20% 14% 39 PubSvoNJ (2.40)_ 113% Pub Sva N J p? (6)_ 367 Putlman Ino (13%) 16 Pure Ol 103 Pure O118% pf 9% Purity Bak (t40¢) 9% Radio Corp 681 Radio Corp pf A 3% 5 Radio-Keith-Or (d) 11 R R Sec I1] Cent 28% Raybestos-M t13%_. 50% 35% Reading (2) 97 Real Silk Hostery _ 65% Real Silk pf ($10%) 1% Reis (Robt) 1244 Reliable Strsa60c.. 17% Rem Rand (160e)... 4% Reo Motor Car ... 16% Republie Steel - 77 Repub Steel pf $12_. 8% Rep Stl pr pf A (6). 10 Revere Copper 221 Reynolds Met (1) . 50 Reynolds Tob B (3 5% Rutland RRDf ___ 27 Safeway Stores(13) 3 - o S AN R RS R AN~ alndianneneDn Stock and Sales— Add 00. High. SATURDAY, DECEMBER 12, 1936. Net Prev lfllmflhfl- aigh. 40 - % 1:4 87 -2 13% — % 46% + % 45% 5% + % 127'/1 1445 FULHL++440 EREFREESE AR AN EFEEFE && 1+ [ +1 44+ 149% 325 21 3% ERESFES E52 FT e | 1545 2% 394 11% I 110 6% 124y 12's < 9% 96's prin 15315 33% 32 35% 120 4% 22 StJoseph Ld (a1)._. 11:00 A.M. Dividend rates as given in the al 1943 Stock and Low. Dividend Hate. 108 Safeway Strspf (6) 10s 110 2% 5 2% 7% 110 6% 2% 'S - S & 1% 8t L-S«n Fran (4). 2% St L-San Frof (4). 37% Schenley Dist (13)_ 97% Seuenley L of (5%) 1% Schulte R Strs (¢)... 7% Schulte RS pf (6). % Seaboard Afr L (d). 2 Seaboard A L pf(d) 30% Seaboard Ofl (1y... 314 Seagrave Corp 59% Sears Roebuck (t2) 2% Second Natl [nv 15% Servel Inc (t1) - 20% Sharon Steel (11.20) 4% Sharpe & bohme 14% 8| Un 0il (a26c). 110% Shell Un Ol pf 6% 8% Silver King (60c) 19% Simmons Co (a3) 194 Skelly Ul = 40% Smith (A O) .. 21 Snider Packing 12% Socony Vae Ol a70e 3% 8o Am G & P(ad0c). 25 South Cal Ea (134). 2314 Southern Pacific 12% Southern Railwa: 19 Southern Ry pt 63% Spalding(AG)1st pt 5% Sparks- Withington 15% Sperry C'p vte (al). 13% Spicer Mfg (a3) __ 44 Spicer Mfg pt (3) 21% Square D Co (a1%). 14% Stand Brands 180c. 20% Stand Brands p£(7) 915 Stand Com Tobacco 5% Stand Gas & £I (d). 913 Stand G&E 84 pf (d) 24% Stand G&E §6 pf(d) 26% Stand G&E 87 pt (d) 35 StandQofCal (11). 32% Stand Ofl of fmd 1. 51% Stand Ollof NJ (11 24% Starrett (LS) 1.140. 65 Sterling Prod 13.80. 16% Stew-Warner ts0c 14% Stone & Web (aZic) 9% Studebaker Corp 27 Superheater (a%ic) 3 Superior Ol 9% Superior Steel 20% Swift & Co (11.20) 28% Swift intl Ltd (2)-. 16 Symgton-Gould ww. 12% Symingtn Gould xw 6% Telautograph (60c) 5% Tennessee Cop alse. 287 Texas Corp'n (11) 4% Texas Guif Pr (a5¢) 33 Tex Gulf Sul (12) .. 714 Tex Pac C & O azbe. 9 Texas PL T (allc). 7 Thatcher Mfg (11). '3 Thermold Co 8% Thomp'n(JR)(60c). 24% Thomp Prod (al%) 47 Thompson Starrett. 2«- ‘Thompson Star 14% Tide W Asso O 60c. 12! Timken Detroft(t1) 56 Timken Roll B (1) 11 Transamerica t40c. 147 Trans&Wn Air aZie 10% Transue&W (160c) . Th Tricontinental asoc. 93 Tri-Contl C pf (6) T4 Truscon Steel ... 2213 20th Cent Fox (a2). 8% IwinCity RT . 65% Twin CRTpf $14 _ 2% Ulen & Co 74% Und-Ell-Fish(a2%) 1% Union Carb & C 3.20 20% Union Oil Calif (1)- 1083 Union Pacific «6) .. 20% Unit Aircraft asoc.. 13 United Air Line vic 163 United Am Bosch - 24% United Bisc (1.60) 5% United Corp (a20c). 40% Unitea Corp pf (3) 10% United Drug (a75e). 15 Unit Dyewood(1)_. 4 United Elec Coal . 324 Unit Eng & Fy (12). 663 United Fruit (13)__ 14'3 United Gas imp (1) 6% United Paperboard. 10 U8 Distributing pt 13 U8 & Forn Secur. 24% U S Freight (11) 80%5 U S Gypsum (12)._. 8% U 8 Hoffman = © elafnnuS~vuancar 43 U B Leather vic. .. 10% U S Leather A vtc 2173 USPlpe & Fy(1%). 7% U 8 Realty & lmp 16% U 8 Rubber____ 72% U 8 Smelting (a10) 46% U 8 Steel 115% U S Steel pf (7) 5 United Stores (A) 50 Univ Pict 1st pt 3% Util Pwr & Lt (A) .. 1 Vadsco Sates Corp. 30 Vadsco Sales Co pf. 16% Vanadium Corp.._. 28% Van Raalte (ad%). 4 Va-Car Chemicai - 28% Va-Car Chem 6% pt 4 Va Iron Coal&Coke. 2% Wabash (d) _____. 5 Wabash pr A (). 9% Waldorf Sys 11.20.. 30 Walgreen Co (2).. 26'% Walker (H) (2).... 17% Walker (H) of (1)- 9% Warner Bros Pict 44 Warner Bros pic pf. 3 Warner-Quin (d)... 4% Warren Bros _ 21 Warren FAy&P(11) 19% Waukesha Mot (1) 61a Webster Eisenlohr. 33% Wesson O&St(150c). 96 West Pa Elec pt (7) 111% West Pa Pwr pf (6) 1163 Weat Pa Pwr pf (7) 84 Western Maryland. 1% Western Pacific 5% Western Pacific 7215 West'n Union (a2)- 34% West'h'se ABal%. 941 Westh'se El (a5% ). 22% West'n El Inst a85c. 19% Westvaco Chlor (1) 31% Westvaco 6% pf 1% 99 Wheel & LE pf 5% . 21% Wheeling Steel . . 18% White Motor _ 13% White Rk M S(1.40) 16 White Sew Mch pf... 28 Wilcox ULl & Gas.. 6% Wilson & Co (60c)-. 44% Woolworth (2.40)__ 23% Worthington Pump. 56 Worth Pump pt A 47 Worth Pumpof B.. 8% Yellow Tr & Coach.. 2% Yellow T&C Dec 24. 8314 Yellow Tr&C pf §35 41% Youngs'tn Sheet&T 11% Zenith Radio ... 4 39% 38% 5% Zonite Products.. 47 8% 8 Sales of Stocks on the N. ¥. Stock 520.000 214 416 3% 2% 1208 160 160 7 81% 81% 17% NEW YORK COTTON By the ing yesterday’ trade and foreign buying absorbed the early offerings. Prices fluctuated ir- regularly, however, in & narrow range. After rallies of & few points, the mar- Associated Press. i § b ; 35 (3 § ¥ 3 i g : i E 5 ir estimated at around 50 per cent of Pproduction in the domestic market. Putures closed very steady, higher. Spot steady: middling. 12.98. Cottonseed OIl Bleachable cottonseed closed firm. January, 11. 1121; May, 11.34; July, ldu.' 261 contracts. b—Bi 7 t0 18 Last. 12.68-70 12.45 1% oil futures 08b; March, 11.37a11.38. d. Natl Liverpool Quetations. Dece: mber 12 (. —Cotton, icliding. 11,700 Amer P olai Jower© Gubs 110 4 524 97l 2% 1% 1% 4% + " —1». i 141+4+ 4101+ FINANCIAL. “aoo High. Low. Close. cnn 6% 2% - % 13 +l++1+44+ + FERFEFEFFIFEF F 4+ £& RS U414+ +440 014+ FEFFET & TEFSER Lidd++40 00 +4 = 1 ;r:ru-.*.r"'f 1+++++1 1 | © L+ § O OrrEF I+ +++ + FEFEXEE F ¥ F ¥ P44+ J - 3 + 160 81% 39 + % 8% GEORGE 1. BORGER 643 Indiana Ave. N.W. 0350 AVAILABLE of Columbia. Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. 12:00 Nooa.. . . . .. 1.240,000 %% MONEY o o= © A—11 STOCKS MOV P AT WEEK'S CLOSE Farm Implements, Amuse- ments Lead Specialties 1 to 5 Points Higher. FEFE FFET Stock Averages tndust. RAfls. 01 8 Net change. A2 D.1 A2 Al Today, close 96.2 38.9 10.6 Previous day 96.0 39.0 705 Month ago.. 97.1 39.2 70.9 289 53.7 1.5 99.3 435 2.8 734 302 55.1 763 312 56.1 495 185 216 343 5 8.7 239 169 1929 high...146.9 153.6 184.3 157.7 1927 low.... 51.6 953 618 618 515 513 50.7 426 53.7 434 44.7 (Complled by the Associated Press.) BY VICTOR EUBANK, Asscciatea Press Pinancial Writer. NEW YORK, December 12.—Farm implements and amusements carried the buying banner for specialties in today's stock market, with favored issues pushing up 1 to around 5 points at the best. Some of the recent leaders appeared a bit more resistant, but most merely nibbled at recqvery, and here and there sizable losses were in evidence. | Transfers approximated 1,100,000 shares. The list got off to a fast start on the upgrade. The rising tide was stemmed later as customary week end offerings began to present obstacles. %| At intervals the ticker tape fell % | behind floor dealings. Large blocks | of the more popular stocks changed i+ hands in the first hour. There Was 1, @ single transfer of 21,000 shares of » Paramount common at & slight ad- vance. 1» Corporate bonds displayed improv- ing tendencies, while commodities were mixed. European currencies were quiet. In the share division it was noted % | the low-priced performers were in- % | clined to quiet down somewhat. The moving picture group found comfort | in expanding box office receipts. A 8 few of the sugars, utilities and steels FFIP FF —lh responded to earnings hopes. Well out in front during the greater | part of the brief proceedings were J. I. Case, Deere, International Harvester, 1| Paramount, Warner Bros., U. S. Steel, 1 | Central Foundry, U. S. Pipe & Foun- 3, | dry, Republic Steel, Douglas Aircraft, North American Aviation, Standard Gas, Anaconda, Cerro de Pasco, West- inghouse, Fajardo Sugar, Cuban-Amer- ican Sugar, Great Western Sugar, Crown Cork, Canada Dry, Flintkote, | Consolidated Cigar and Barber Co. American Can yielded about 2 points | at another new low for the year. In & restricted area were Chrysler, Gen- eral Motors, Bethlehem, Montgomery Ward, Sears-Roebuck, Schenley, Na- tional Distillers, American Telephone, Western Union, North American, Cone solidated Edison, Santa Fe, New York | Central and Southern Pacific. With England apparently feeling better over settlement of the King problem, commission houses with for- eign connections reported London was again on the buying side of American securities. FEFEF FEFFS NEW YORK PRODUCE. GNEW YORK December 12 uP.—Eggs. 18 irregular, Mixed ' colots: cks. 2915 stan: otlier ratted color unchanged Butter. 6.518 casier.” Creamery. hmrer lhln extra. fir: (80 score) cese. changed. 3: steady to firm and une Investments 1/0/ First M 5 /2 A’D Real Efl-.::uNot.u Secured by new dwellings in N.W. section of Washington. Bndley, Beall & Howard, Inc. tlmbmhed Nearly &0 Years NA. Southern Bids. Second Trust Notes We will buy mentbly payment deferred purchase mo; nd _trust notes. Union Finance Co. 916 Woodward Bldg NAtl 7936 First Mortcace Loans District of Columbig— Nearby Maryland — and /irginia— L T O Homes Apartments Business Properties Terms from 3 to 15 Years Also Monthly Payment Loans Randall H. Hagner & Co. Incorporated MORTGAGE LOAN CORRESPONDENT New York Life Insurance Co.. 1321 Conn. Ave. NW. DE. 3600 o FELF FEES Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5Y2% Prompt Action B.F.SAUL CO. 925 15th Street Natl. 2100