Evening Star Newspaper, December 14, 1936, Page 16

FINANCIAL, FINANCIAL. STOCKS MOVE 4P A—16 THE EVENING STAR, WASHINGTON, D. C, MONDAY, DECEMBER 14, 1936. POSTAL RECEIPTS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ite Wire Direct to The Star. 2:15 p.m. Stock and Bales— Dividend Rate. Add 00. Hish. 2:15 pm. 2:18 p.m. Bales— Stock and Net Dividend Rate. moo.luh. u-' m:.fll:' 1% + Prev. lufl Stock and Prev 1036 Stock and Dividend Rate. Hizh. Low. Dividend Rate. 45 28Y% Pen: oad (a2) Net Prev, 1036 Add 00. High. Low. Close. Chge. l!ll..“ Low. . 00. High. Low. Close. Ch 40s'114% 113 113 -2 1 Hupp Motors.ea-. . 41% 40% ALk + % CONTINUE TO RISE Monthly Gains Indicate Marked Pick-upin D. C. Business. BY EDWARD C. STONE. Receipts at the Washington City Post Office in the first 11 months of 1936, over the like months in 1935, give full support to the many other barometers disclosing unusual business prograss in the Capital so far this year. Modest and in some instances sub- stantial gains in revenues are shown for every one of the 11 months, com- pared with the individual months a year ago. The 11 months’ 1936 total stands at $6.428,622, in comparison with postal revenues in the same period last year amounting to $5,881,867, or a gain of $546,755 so far this year. The November total, just reported, presents the largest postal revenues of any month this year, receipts amounting to $636,586.56, against $580,619 a year ago, an increase of $55,967. Postal receipts at the Washington City Post Office in the first 11 months of 1936 compare as follows with the carresponding months ’:n 1935: 1036 November 8in Total $5.881,867 Davis for Low Money Rates. The Government should not aban- don its easy money policy merely to remove the possibility of non-existent speculation, Chester C. Davis, a mem- ber of the Board of Goveronrs of the Federal Reserve System, declared in an address in California. “Under present conditions I cer- tainly am not in favor of the historic method of attempting to check specu- Iative inflation by raising interest rates and tightening the money mar- ket all along the line,” Mr. Davi former A. A. A. administrator, de- clared. “Until we reach & much larger na- tional income than we have achieved, an abundance of cheap money to finance production and distribution s required,” Mr. Davis asseretd. Rail Traffic Gains Amaring. One of the most encouraging factors in the present railway situation is the rapid acceleration of traffic gains, | both freight and passenger, says the Railway Age. The increasing rate of freight traffic improvement is shown by the fact that while car loadings in the first \#ix months of 1936 showed a gain of I'® per cent over 1935, the correspond- ing gain from July to mid-November was 19 per cent. Indeed, so rapid \was the traffic growth that scattered I car shortages, averaging less than 200 ears, were reported in the last half of September—the first time such an oc- | currence has happened since Octo- ber, 1929. Likewise, continues the Railway Age, the number of passengers carried by the railways showed a gain in the first half of 1936 of 8 per cent over the same months last year. This gain then rose to 12 per cent in July and to 16 per cent in August. For the first month since March, 1932, the railways carried in August this year 8 total of more than 43,000,000 pas- sengers. In the first eight months of 1936 the railways carried 28,000,000 more passengers than in the same months a year ago, a gain equal to almost one-quarter of our national Ppopulation. Brokerage Firm Pays Benus. The New York Stock Exchange firm of Auchincloss, Parker & Redpath, which has 1ts head office in Wash- ington, is distributing a Christmas bonus to all emploves of the company. Approximately iwo weeks' pay is being presented to each individual 88 a Yuletide gift, Chauncey G. Par- ker, jr., stated today. The firm also has offices in New York, Baltimore, Philadelphia and Wilkes-Barre. ' Washington banks appeared in their Christmas uniforms today, small trees and colored lights adding to the holi- day atmosphere. Some of the lobbies ‘were much more highly decorated this year than last, indicating the substan- tial growth in banking prosperity dur- ing the past 12 months. _Harry G. Meem, president of the ‘Washington Loan & Trust Co., believes that business in the Capital during the yemaining days of 1936 will con- tinue to be the best since 1929. He has observed no recent hesitation in the steady advance which has been going on for many months. Mr. Meem is conservatively optimistic on ithe outlook for 1937, at the same time being most gratified with the progress made in banking this year. James M. Johnston, head of the investment firm bearing his name, commented today on the large amount of interest taken recently in Wash- ington bank stocks. There has been @ lively demand for theSe issues at strong prices. There have been more orders for bank stocks on the Wash- ington Exchange than could be filled at the prices offered by investors. Other securities have also been in Cavor. Finanoial District Gessip. Atlantic Coast Line Railroad re- for 10 months ended October 81, 1936, net income of $902.928 after taxes and charges, equal after divi- dends on 5 per cent preferred stock, $0 $1.08 a share on 823,427 shares of eommon stock. This compares with met loss of $1,699,104 in first 10 gmonths of 1935, The Baltimore Transit Co. has de- glared & semi-annual interest pay- ment of 113 per cent on the series A & per cent debentures of 1975, and % per cent on the series A 5 per cent debentures of 1975, payable January 3, to holders of record December 16. ©On July 1, an interest payment was made on these obligations at the rate of 1 per eent on the series A 4 per cent debentures, and 1% per cent on fhe series A 5 per cent debentures. Pred 8. Brynn, agency supervisor for the National Life Insurance Co. of Vermont, attended the last meet- ing of the District Life Underwriters Association. He was much impressed by the rapid growth of the association 59 Acme Steel (4) - a: 214 Alleg Corp 12% Alleg pf wilow @ 12% Alleg ptf wS40w (d). 12% Alleg Dt xW (d) e 27 Allegprof(d). ... 40% 26% Alleg Steel (a1.40).. NB 157 Ailled Chem l.) P! 35% Allis-Chalm (113 ). 19\ Alpha Port C(al%). Amerada Corp (2).. Am Ag Ch (Del) a4_ Am Bank Note (71). Am Bnk Note pf (3) Am Brake Sh (12) .. Am Brake S pf 6% -. AmCan (14). 169% 162% Am Can pf (7)-. 56 3% 118 111 154 5% 32 ™ 30 Am Car & Foundry. 31 AmChain(al) ... Am Chain cv pf (5). T% Am Colortype 20% Am Comel Al (a50c) 16% Am Crystal S(abs0e) 3 Am Encaustic. ... 6 Am & Foreign Pwr_ 26 Am & For Pw $6 pf. 29% Am & For Pw 37 pf. 12 Am & For Pw 2d pf. 13 Am Hawaifan (1)__. 4% Am Hide & Leather. 31% Am Hide & L pf (3). 37 Am Home P (12.40). 24 Am lee. _ 16% Am Ice nl (l) 9% Am Intrnat’l (aé0c) 23% Am Locomotive Am Locomo pf (33). Am Mach&Fdv(tl) Am Mach & Met 60cx Am Metal 36% Am Pwr&Lt pf (6). 43 Am Pwr&Lt pf (6). 18% Am Radiator(t60c) Y 37 232 30% 18 861 5% 30% Mo Y lolh 86 39% 66 66 139 1114% 1674 i 56 3% 120 15 28% 28 6y T 49% 58 21% 18% 7 49 % 23% Am Roll M (11.20)_x 61 8213 Am Saf Razor (12). 18 Am Seating(a2lz)._. 25% Am Shipbldg (2) __ 56% Am Smelt&Ref (3)_ 4104 Am Sm&Ref pf (6)_ '« 136'4 Am Sm&Ref pf (7). 3% 61% 26% 190%s 149 Am Tel & Teleg (9) x 1 10248 104 57's Am Snuff (13) .. . 20'3 Am Steel Fdry (al) 20% Am Sumatra Tob fl 8 Am Tobacco (5)_——. 8815 Am Tobacco B (5).. 150 136 Am Tobacco pf (6)- 17% 27% 8Ly 107 49 314 5% 35 1 ‘éim 54w 104 461y KN 11% 938 93% 261 4l 493 n 37h 28%, 130 21% 224 873 Am Type Founders. 19's Am Wat Wksadle.. 7% Am Woolen 52% Am Woolen pf (34). % Am Writ Paper (d). 4's Am Writ Pap ot (4) 3k AmZinc & Lead . 28 Anaconda Cop (1) 36 Anaconda Wire 12.. 15'3 Anchor Cap (60e) 97 Anchor Cap pf(6%) 9 Andes Copper.. 3 APW Paper _ 37 Archer-Dan-M (12) 4% Armour (1ilinots) 661 Arm'r(Ill)pr of (6) 47% Armstrong C'k 1. T4 Arnold Const (5%¢). 84 Artloom Corp 90% Atch To&S Fe pf(§) 21% Atl CoastLine(al).. 11 At Guif&Wind . 13% Atl G & W Ipf(a3d). 26% Atlantic Refin (t1). 112 Atlas Powder pf(5) 14 Atlas Tack (a7sc) 26% Auburn Auto 5% Austin Nichol 291; Austin Nichols pf A 4% Aviation Corp (Del) 21y Baldwin Loco (4) - 294 Baldwin Loco pf(d) 2% Baldwin Loasd(d)_ 33% Baldw L pfasd(d)_. 1572 Baltimore & Uhlo_.. 21 Baltimore&Ohpf.. 417 Bang & Aroos (2%) % Ban & Ar rts Dec 28 21 Barber Co (a7sc) - 134 Barker Brotners.__. 82% Barker Bros pf 14} Barnsdall Ol ( 16% Bayuk Cigars t7se.. 115 110 Bayuk C1stpf (7). 105 100 Beatrice pf ww (5) 106% 16% 328 25% T2 6% 20 61 32% 2 21% 37% 1034 9% 186 85 Beech-Nut PKg(t4). 13 Helding-Hem (1) 21% Bendix Aviat(ali) 20 Beneficial L (113§). 48 Best&Co (2%) 45% Bethlehem Stla 16l Beth St1 6% pf(1). 23 Bigelow-San (1) .. 18Y% Black & Decker 25¢ 1% Black&D rts Dec 23. 14! Blaw-kKnox (asle¢).. 16% BoeingrAirplane. __ 41 Bohn Alum&Br (3). 801 Bon Ami (A) (a5).. 3y Bon Amji (B) (a3).. 25% Borden Co (1.60) 64 Borg-Warner (4)._. 1'4 Botany Min A (d) - 12%4 Bridgp't Brass 1400 43% Briggs Mfg (13) . 47% Briggs & Strat (3) 41 Bristol-Myers $2.40. 40 Bkiyn-Man Tr (4)_ 974 Bklyn-Man T pf (6) 4l Bkiyn & Queens. __. 44% Bkiyn Un Gas (3).. 814 Brunawick-Balke . 87 Bucyrus-Erie 107% Bucyrus-Erie pf(7) 914 Budd (kK G) Mtz 8% Budd Wheel (a20c). 20% Bullard Co (al%)-. 11% Bulova Watch 25 Burr Ad Mch(160¢). 24 Bush Terminal (d). 8% Bush Terra deb (d) 7% Butler Bros (a60c). 30ta Butler Bros pf 1% -. 2% Butte Copper&Zine 16'% Byers (A M) 54!4 Byers (A M) 1 22 Byron Jacksen ti__ 30% California Pxg(1%) % Callahan Zinc 6 Calumet & Hecalfe 30 Cumpbell Wy (11)_ 10% Canada Dry G 10% Canadian Paein 37 Cunnn Mills (a4) 12% Cap Adm (A) 91 Car Clin&O stpd(5) 6% Carriers & Gen (30c 921 Case (J 1) Co (4)_ . 143 116 Case (J 1) Cop (T) 54% Caterpillar Trae t2. 21% Celanese Corpall; Celof AmprpfA7. 19 Celotex Corp 54 Celotex Corp pf xL 26% Cent Aguire (T134) x 1 6% Central Foundry Co 35 Central RROINJ_ 47% Cerro de Pasco «4). 8l Certain-teed Prod ... 57% Certain-teed pf (6). 19 Champ Pap & F (1). 22% Checker Cab Mfg__. 59 Chesapeake Corp(3) i 4 5 60s 18 3 3 1 6 2 4 1 2 R & 208 103 108 10 % % 9 153% 150 208 127% 127% 9 90 89% 16 28% 284 3110 9 36% 308 . 3 61 Ches & Ohio (12.80) x Ifl 1% Chi & East 11l (d)__ 2% Chi & East 111 pf(d) 1% Chi Grt West (d) 4 ChiGrt W pf (4) 25% Chi Mall Ord(t1 1% Chi M1l St P&P ( 2% Cht M 8t P&P pf (‘) 2% Chi& N W (4 6% Chi & N W pf (‘)... 12% Chi Pneumatie Tool 40% Chi Pn Tool pf 33%. Chi R 1&Pac 19% Chy !Clla' Cab (3). 17% Chickash Cot Ofl.. 7 ChildsCo . ... 25 Chile Copper (1) 851 Chrysler Corp(a12). 15% City Lce & Fuel (2). - - P oon—nuu-a—...u-on— 1008 li lm IM% 67 + % 14% 28% +1% U -0 3% + W M +% %+ W % + % A% + % B3W + 4 52% + W 53% — 14 AT 4244 38% + % 232% — 4% 32 +1% 18% — % 864 — 4 TT% +1% 30% 5la + W 37% + % 101 — 1 86 =24 39% 66 + & 66% +1% 139 +1 114% +4% 168 5T% +1% 6% +3 120 +3 15 +%h 28% - % 28% — % T +% % 49% + % 58 —1% 21% - % 18% T +% A% +1% 9% - % 2 19% 14% + W 4% +2 120% + % 224 + W 11% + 4 284 + % 22% — % 63% —1% | 5 19% 59% - % 3%+ 4 2 + 4 22% +1% ! 35 - L 43% — & 93 +1% l+|f|t+:4++++| FEEFEEFF EEFEST m % =% 150 -3y 127% 2% 90 + W 28% + % 110 36% +1% +1% | 4 Migh. Low. llGK 107% Collins & Alk ot (') 47% 28% Col Fu B 31 Colum Piet vte (1) 42 Colum Pleevpf2y. 94 Colum Carb vte(14) 44 Comel Credit (t4)._. 56 Com'l Invest T (t4). 14% Come’l Solv (160¢c) - 2% Comw & Southern.. 59% Comw u pf (3). 7 Conde Nast Pud 30% Congoleum N 11.60- 8 Consol Cigar 65% Consol Cigar pf (1) 731% Cons Cig pf xw 615 _ 27% Consol Ed NY t3__ 1ou 102 Consol Ed NY pr(§) Th 20% b 16% 12% 1% 9% 368% 26% 35% 4 109 8T% % 46 4'% Consol Film. 15% Consol Fiim pf (32) 3% Consol Laundries.... 11 Consol Ofl (t60e) - 5'% ConsolR R Cuba pf. % Consol Textile (d)_ 2 Cons Coal (Del)vte. 8 474 46% 4T +1 408 261 26l 26% -1~ 184 18% 17% 18% + % 1 103% 103% 103% 10s 100 18 36% 34% 36 100 100 — % -1% 1 42% 42 424% 3 122% 120 122% 10 69 68y 6! 8% 18% 3% % 121 37 19% 804 920 464 l 108% 23 b% 8 3 47 8 320 4% 7 12 Cons C (Del) of vte 100s 15% Container Corp (11) 10% Contl Baking (A).. 1% Contl Baking (B) 674 Contl Baking pf($9) 65 Cont’lCan (13)____. 174 Contl Dia Fibre(2). 355 Contl Insur (11.20). 2% Contl Motors 281 Contl Oil (Del)a1l4. 25 Contl Steel Corp(1) x 55% Corn Ex BK&Tr (3) 63% Corn Prod Ref (13). 4 Coty Ine. 24 CraneCo. 15% Crosley Radio a3 43% Crown C 'k& S (ad). 3% Cr'n C&S rts Dec 23. 44 CrownCk pf xw 2y 7% Crown Zelleb'x vte. 28 Crucible Steel __ 95% Crucible S pf $4.76_. 1% Cuba Co___ 9 Cuba RRpf.. 6% Cuban-Am Sugar_... 63's Cuban Am Sug pf.. 35'% Cudahy Pkg (2%) . 16% Curtis Publishing.. 99'» Curtis Pub pf (7) 10' Curtiss-W (A) 36'4 Cushman Sons pf__. T Davega Stores (1) . Dayton P&L pf (7)- 52 Deere&Co . . __ 27 Deere & Co pf(1.40) 19'4 Deisel-Wem-G (11) 36% Delaware & Hudson 14% Del Lack & West___ 4% Den&Rio GW pf (d) 1563 128 Detroit Edison (14) 61y 88 184% 133 Du Pontd 42 Devoe & Rey (A) 13 30% Diamond Mtch t1%. 371 Dia Match pf t1% . 18% Dist Corp Seag Ltd. 93% Distillers C'p pf(5). 19 Dixie Vortex (1%). 41'% Dome Mines (12) 7% Dominion Stores __. 50% Douxlass Afrcraft .. 29 Dresser Mfg(A)a3. 13 Dresser Mfg(B) al_ 4% Dunhill internati _ 26.10. 115% 111'% Duquesne Lt 18t (5) 10% 51 Eastern Roll Mills_ 186 156 Fastman Kod (15) 166 401 157 4T 15 17% T 224 871y 94 b5% 1% 6l 26% 116 155 84, 8915, 10% 46 6% 152 Eastman Kod of(6) 28'% Eaton Mfg (12) ___ 5% Eitington-Schild 30% Elec Auto Lite 72.40 110% Elec Auto L pt (1) 10 Flec Boat (a60c) .. 5% Fl & Mus Ind al8c._. 6% Klec Pw & Lt 29% El & Lt3epf_ 223 Elec’Pw & Lt $7 pf_ 42% Elec Stor Bataz¥% .. 14 Elk Horn Coal (d).. 115 Elk Horn C pf (4) 228 Kl Paso Nat G(1.60) 110 Endicott-J of (5) __ 7% Eng Public Service. 45' Eng P S $5 pf (210). 48 EPS$5.50 ww 111 5% Equit Office Ba20e x 11 ErieRR._ - 16§ ErleRR1st Df 11% Frie R R 2d pf 2314 Evans Produet(t1). 4% Exchange Buffet _. 2% Fairbanks Co._ 815 Fairbanks Copf.__ 34% Fairb’ks-Morse(t1) 31% Fajardo Sugar (2).. 18% Federal Lt & Trac 20% Fed'd Dept Stal.60. 38 Fid Phoe ¥ | (11.20) 24% Firestons T& R (2) 105% 10015 Firestone pf A (6)_ 58% 45 11% 47% 11315 106 434 4% 35% 40 First Nat Strs 2% _ 30% Flintkote Co t1) _ Florence Stove 41 Florence Stove war 373 Follansbee Bros «d) 32 Food chine (1) .. Food Mach pf(4%). 24 Foster-Wheeler _ 0% Fourth NatIa2.35. 2315 Freeport-Texas (1) 135 108 Freeport-Tex pf(6) 47% Fuller Co pr pt . 31% FullerCo2d of ... 3% Gabriel Co (A)eeee 11% Gamewaell Co 15'% Gar 83 Gen Am Inv ( c) x 97 GenAminvpf (6) x 42% Gen Am Trans (a3) 10% Gen Baking (160c).. 7 Gen Bronze........ 5% Gen Cable 17 Gen Cable AA--—- 49 Gen Cigar (t4) 34% Gen Electric (Y 33% Gen Foods 11.80) s Gen Gas & Elec (A) 14 GenG&E 6%cv dfA 19 Gen Gas&El 7% of. 8 Gen Milis (3) 123 116 Gen Milis pf (6) 77 537 Gen Motors (ad4%)- 123' 118 Gen Motors pf (5)-. 10% 531 72 5% Gen Qutdoors Adv .. 18% Gen Outdoor Adv A. 38 Gen Print Ink (a5) . 110 105 Gen Print Ink pf(6) 3% Gen Pub Service __ 321 Gen Ry Signai (1)_. 2 Gen Realty & Otil__ 26% Gen Realty & V" pf_. 33% Gen Refrac (a2%)... 321 Gen Sti Casting pf 17 Gen Theatre E (a2). 304 Gen Time Inv (1) _. 13% Gillette Sat R (11)_. 6% Gimbel Bros 2 84 Gimbel Bros pt ( 37 GGobe) (Adolf).. 64 Goebel Brew (130e) 13% Goodrich (BF) (al) 74 Goodrich (BF)pf(s) 21% Goodyear I & K 105% 102% Goody r T&R of (5) 115 lb\t 87 Goodyear 37 pf (4)_. 815 Gotham Silk Hose_. 77 Goth Stlk Hpt (7)_. 2 Graham-Paige ... 1% Granby (3d stpd) 3% Grand Dulonctfs__ 16 Grand Un pf (31%) 24% Grsnite City St1 (1) 281% Grant(W T)(11.40) x 324 Grt Northern pf 16 Grt North'n Ore (1) 31 Grt West Sug (2.40)x 22 Greea (H L)Co(t1) 50% Green Bay & W (5). 65 Greene Cananea (3) 15% Greyhound (180c) n 1% Guantanamo Sugar 24 Guantanamo Sug of 30% Guif Moblle & N pf. 28% Gulf States Steel___ 33 Hack WprA (1%). 6 Hall(WF¥)Printing. 14 Hamlilton Wateh loil/. 100 Hanna (M A) pt (8) 52% 18% 21% 41 149% 80 30% Harb-Walker (12)._. 12 HatCorpof Am (A) 4% Ha, yes Body . 101% Hazel Atlas G1 (15). 12% Hecker Prod (60c).. 25% Hercules Mot (t1) .. 84 Hercules Pow a5%. 58% Hershey Choe (3).. 119 102 Hershey Cpf (14)_. 49% 20% Holland Fur (a1%). 4 4 6 3m 1 104% 68 42% 3 4% 30% 64 7 T 475 28% T8% 5% 4T 19% 554 1125 4 38% 8 20 3 11214 50 T 28 21 10s 48 119 608 107% 12 106 1 30% 1 31% 10 47% 6 18% ¢« 8 1146 62 31 3915 257 s 2215 b1 12% Th% 5014 35 12 8k 11 181% 308 1154 61 11 2 176% TS TS FE 1008 164 280 R 13% U el 24\- 113 13 5 5% 315 2 5 87 934, 43% % 5% 248 100 117 53 164 34 7 17 2 14 14 30 1% 19 54% 3 105% 7 115 10 13% 50s 961 13 3 28 6% 54 18 15% 2 28% 208 102 3 50 101‘4 5% 17% 9 4% 10% 1% 8y 33% 20% 29% 3% 104% 643, 20% 42 274 405 29% 64 697 67 AT 28 T8% % 46% 184 b2y 125 381% 194 111 674 2013 I3 19 100 104% 30% 3074 46'n 18% ke ‘146 62 30ty 394 254 934 22 507 12 T4 50 35 R 179% 115'% 175 163 36% 134 43 113 12% 5y 23% 86% 9% 41% T 5l 23% 13 10% 50% 105% 1le% 13 96 2% 3 5% 23% 4l 47 4l 184 39% 28% 102 +24 8% — % Sra¥s + H Lttt o l|t#f**f!l FEFE FP FEPEFEFE §F £ oH1E+ B htt 28 +1 ex"Fsex w TV4+4+1 +100+ 14+ +101+4+ = o ELiRe . e M s Frarr [ ¥ OEE I+14+ 000 ++40++4 #ll*i& & OTE FEFEES 1 4 P44+ £s ¥ P41 +++1 44+ ssrfce sePre wre grsier LA+ 4 b +re & FTE FEtid St ERESS. "BEE +1 4+ FrE trrn A FEEFET S FESFEF FEEFPEEFEFE F 61 36 4y 28% + 10z +1% 1107 107 107 8 48% 484 48% — % & FESEFETrEVV lfl‘ 18% Illinots Central.... 58 Il Cent lse lines (4) 25% Indu Rayon (11.68). 88% InlandSteel (13)___. 64 Inspiration Copper.. 5 InsSh Mdetsa20c. 11% Inter Rap T vte (d). 2% Intercontl Rubber... 9% Interiake iron..... 2% Int Agricultural.... 22% Int Agricul pr pf._. 56% Int Harvester 3% .. 2% Int Hydro Elec (A). 4% Int Mercantile Mar. 10 intl Mining (a%0c) 434 Int Nickel (21.30) __ 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C). 20% Int Paper /- Pw f. 47 IntShoe (12)... 15 IntSilver . 50 IntSilver pf ($4)_-. 11% Int Tel & Tel. ... 10% Interstate D S as0o. 82 Int Dept Strs pf(7). 15 Intertype Corp (1) 24% Island Creek (2).__ 88 Johns-Manville({2 T6% Jones&L 7% pf u\ 391 Kalamazoo S (1) 13 KansCity Southern 19% Kans CS pf (a1) _. 17 Kauf'nn DS 11.60__ 241 Kayser J&Co(a1%) 20 Kelsey-H (A) all_ 18 Kelsey-H (B) all;. 14% Kelvinator (t60¢) . 28% Kennecott (21.70) _. 17% Keystone S&W (2). 18% Kimberly Clark(1). 3% Kinney (G R) Co.... 30 Kinney (G R) pf. 4% Kresge Dept Strs.... 20'; Kresge (88) (11)_. 993, Kresge (S 8)pf(7)_ 19% Kroger G&B(11.60) 20'5 Laclede Gas (St L). 32 Laclede Gas St L pt 15% Lambert Co 12) 714 Lane Bryant 12 Lee Rub&Tir 1514 Leh Port Cem’t 2 Lenigh Valley Coal. 9% Lehigh Val Coal pf. 8 Lehigh Valley R R 89 Lehman Corp (13). 12 Lehn & Tinkal% . 3715 Lerner Stores (12)_ 474 Libbey-Ow Gla3_ 7 Libby. MeN & Lal. 25 LifeSaver (11.60)_. Ligg & Myers (14) . Ligg&Mvers B (14). 19 Lily Tulip Cup i1% 25% Lima Locomotive. . 36 Link Belt (12) _ 3214 Liquid Carb (2.60) 43 Loew's Ine (12).. 2 Loft Inc = 3513 Lone Star Cmt({2) _ 3% Long Bell Lum (A). 38% Loose-Wiles (2) .. Wiles pf (5). rd (P) 11.20 d (P) pf(7) 13 La Ofl Ref pf (d). 20 Louisv GEEDfA 1% 5715 Louis & Nash (a6) _. 221, Ludlum Steel (+1)_. 29 Mc Call Corp (12) 1214 McCrory Stores _. 4013 McGraw Elec (12)_. 16 McGraw Hill Pub__ 384 Mcintyre Poreu (2) 85 McKeespt Tin a5 8% McKesson & Rob 37% McKess&Rob pf( 11'3 McLellan Strs a20e. 27% Mack Trucks (1) . 401x Macy (R H) Co 12). S% Madison Sq G 60— 1% Manati Sugar (d).. T4 Manati Sug pf (4)_. 7 Mandel Bros___. 131; Man E1 md gtd (d)- 3213 Man Elev gtd (d) Manhat Shirt (1) 613 Martin Parry 2713 Mathieson Alk(1%) 15372 Mathieson pf A (7). 43% Mayv Dept Stra (3)_. 1313 Maytag Co (a50c) . 12% Mead Corp. 674 Mengel Co.. 50 Mengel Co pf 405, Mesta Mach a33 5% Miami Copper . 1714 Mid-Cont Pet al.15 21% Mid'ld Stl Prod (12)x 88 Milw El R&L pt (6) 6% Minn Moline Pwr 57% Minn-Moline pf(13) x — 29 13 308 6 86 19 4 108 o 4 2% M St PASS M isin 2508 16% Mission Corp(a4se) 5's Mo Kans & Texas 14's Mo Kan & Tex pf A. 2t Missouri Pacific(d) 3" Mo Pacificof (d) . 19°a Mohawk Carp 11.20_ 79 Monsanto Chem(11) 35% Montgom Ward(t2) 42 Morrell J & Co 2.4 6013 Morris&Essex(2%) % Mother Lodeal2%e 28% Motor Prod (12) 15' Motor Wheel (1.60). 11% Mullins Mf(B)as0c 21 Munsingwear (13)_x 44 Murphy G C( 14 Murray Corp c-.-.oe) 15 Nash Motors (1) .. 20'3 hv Chat & St L. 1213 Natl Acme (a75¢) .. 913 Nat Aviation (al) . % 28% Nat Biscuit (1.60).. 153 Nat Biscuit pf (7) . 34% Nat B'd & Inval.ll. 2115 Nat Cash Reg (al)_. 21 Nat Dairy Proall;. 10 Nat Dept Stores . 25% Nat Dist Prod (12). t Lead (50¢) t Malleable & St1 t Pwr & Lt (60¢) 13 Nat Ry Mex 2d of__ 574 Natl Steel (1213) 197» Nat Supply Co - T4'a Nat Supply pf $3% 10% Natomas (t80¢) 32 Neisner Bros (12) . 41 Newberry(JJ)12.40. 10% New Orl T&M (d) __ 32'5 N Y Alrbra 27% NYCenual RR _ 17% N Y Chicago & St L. 36 NYChi&StLpf__ 95 N 'Y Shipbuilding .. 83 N Y Steam pf (6)__ x 208 1% Norfolk Southn (4). 6% North Am Aviation. 23% North Am Co (1) __ 52% North Am Co pf (3) x 23% Northern Pacifie... . 2 Norwalk Tire&Rub. 12% Ohio Oil (a60c) . 243 Oliver Farm Equip.. 17 Omnibus Corp vte_. 120% 70 Otis Ste 164 128 Owens-Il Gl (a6)_. 22 15 13 Pac Am Fisher (1). 314 Pacific Coast. . we. 814 Pacific Coast 1st... 4% Pacific Coast 24. _. 32 Pacific Finan 11.80_. 30% PacificG& B (13%). 44% Pac Light (13.40)__ 14% Pacific Mills (a1) _. 11% Pac West'n Oil af5e 6% Packard Mot(adse) 12% Pan Am Petr (a60c) 1% Panhandle Pro& R. 181 Panhandle P&R pf. 67 Parafine Co (t2)... 7% Paramount Plet 59 Para Pic1stpf (6)_x 8% Para Pic 2nd pf 80c. 17% Park & Tilford (2)-. 2% Park Utah 40% Parke Davis (a1%) 23 Parker Rust Pt1%. 131 178 3 42 11 15 128% 4R% 23% 118% 156% 21 14% 29 31% 43! 103 o 104% 19% 29% 145% 127% 36% 181 16% 118% 155 20% 13% 285 24% 3% II Bl 81% % 18 15% +1% 5% + W 12% 5 16% +1% 5 -4 aan —2u 103% +1% M+ N 5% — % 104% 19% 29% i45% 127% AR% 23 45% P S EE FEFSF IEER SRR s Frr- I*I‘l-f#}"_ S FEEE (s ] EEEERLES + 11+ FEF L s + 4 ¥ riFres L sFres 7 ~ ¥ OIEFSEIIE +++000 00400 % ¥ E FEFEEESEFE ¥ i .fff;‘ k3 L0141 24 5440040000100 & +14+ 1+0000 3 S+ + i i £ 5 pis w5k sseee d = L 58 89 112 18 19% Bt 545 12 16% 3% 101% 26% 26% T0% 54 122% 50% 113 144% 65% 24% 133% 20'% 21% 106% 2T T4y 184 2% 28% 149% 100 31% 32 21 3% 38 Peoples Gas Chi 56 Pere Marquette pf 641 Pere Marq pr pf $20 12% Pet C'p of Am ad0c 104 Pfeiffer Brew (120) 25% Phelps Dodge 1% - 45% Phila Co 6% of (3) 3% Phila Rap Tr (d) .. 8% Phila Rap Tr pf (d) 1% Phila& Read C& 1. 66 Phillip Morris (3) _. 384 Phillips Pet (a2%). 70 Phoenix Hpf (3%). 8 Plerce Oil pf 1% Plerce Petroleum__ 28% Pilisbury F) (1.60). T4 Pitts Coal T'% Pitts Screw ISZ%H_ 49 Pitts Steel pt 1% Pitts Term Coal . 14 Pitts Term Coal pf. 2% Pitts United Corp... 1 584 Pitts United C pt. 21 Piti 11 Pittston C 11% Plymouth OH ('l). 12 Poor&Co (B) . 4% Porto R Am Tob A._. 1% Porto R Am Tob B_. 6% Postal Tel&C pf (d) 17% Pressed Steel Car ... 17% Presa Stl 1st pf 25¢. 5715 Press St12d pf 2% 40'% Proctor & Gam 11% 116% Proc & Gam pf (5) . 39 PubSve NJ (2.40)_ 103% Pub Sve N J pf ($). 128 PubSve NJ pf (7). 36% Pullman Ine (1%).-. 16 Pure Ofl 103 PureO11 8% of - 9% Purity Bak (f40c) . 9% Hadio Corp 681 Radio Corp pt A 3% 5 Radio-Keith-Or (d) 11 R R Sec I1] Cent 28% Raybestos-M t1% _ 351 Reading (2) 124 Reliable Strsasoe.. 17'% Rem Rand (160c) _ 83 Rm Rnd pf ww 4% 4% Reo Motor Car 167 Republic Steel 77 Repub Steel pf $12_ 781 Rep Stl prpt A (6). vere Copper - ere Copper (AL 2215 Reynolds Met (1) 25 Reynolds Spring n. 50 Reynolds Tob B #% Rhine Westphalj. 32 Roan AnteCal.12_ T4% Ruberoid Co (1) _ 5% Rutland R Rpf _ 27 Safeway Stores(t2) 110' Safeway Strapf (1)x 22 StJosephLd (al)._. 1'; St L-San Fran (d)_. 2% St L-San Fr pf (a).. 11 Savage Armsal) 37% Schenley Dist (73)_ 97% Schenley D pf (535) 1%, Schulte R Strs (d) .. 7% Schulte R S pf (). 5313 Scott Paper (72) s Seaboard Alr L «d). 2 Seaboard A L pf(d) 3015 Seaboard Ofl (1). 313 Seagrave Corp 59% Sears Roebuck (12) 2% Second Natl Invest 611 Sec Nat Inv pf 14.65 155 Servel Ine (+1) 20% Sharon Steel (11.70) 89 Sharon Stl H of (5) 4% Sharpe & Dohme 11's Shattuck F G(7a0c) 143, Shell Un Oil (a2ie) 110!, Sheil Un Ot nf 6% x 8% Silver King (60c)__ 19% Simmons Co (a3) 3'3 Simms Petrol 19'5 Skelly O11 54 Sloss-Sheffield St1__ 404 Smith (A O) 21 Snider Packing 1213 Socony Vac Oll aT0e 3% So Am G & P(allc) 26 South Port 8 (12) _ 25 South Cal Ed (1%) 23'3 Southern Pacifie. __ 12% Southern Rallway . 19 Southern Ry pf 34 So Ry M&O etfs (4) 6% Spalding (A G) _ 5% Sparks-Withington 157 Sperry C'p vte (al). 13% Spicer Mfg (a3) ___ 63 Spiegel-May-S (3) 21% Square D Co (al%). 14%, Stand Brands 180c 120°x Stand Brands pf(7) 91; Stand Com Tobacco 5'a Stand Gas & E1 (d) 914 Si 24% Stand G&E $6 pf(d) 26% Stand G&E 87 of (d} 2 Stand Inv Corp ___ 35 Stand O of Cal (11). 32% Stand Oilof Mmd 1. 511a Stand Of) of N J (t1 243 Starrett (LS) 1.140_ 65 Sterling Prod 13.80. 163 Stew-Warner t50¢ 14% Stone & Web (alic) 9 Studebaker Corp 72 8unOfi (11) 118 Sun Oil of (€) 27 Superheater (a%c) 3 SupertorOn .. 9% Superior Steel 23 Sutherind Pap 11.40 20% Swift & Co (11.20) _. 284 Swift Intl Ltd «2) 15 Symgton-Gould ww. 12% Symingtn Gould xw 6% Telaulograph (60c) 5% Tennessee Cop alie. 28% Tex: “orp’'n (11) 4% Texas Gulf Pr (abe) 33 Tex Gulf Sul (12)__ 28 Texas& PacRR . T'5 Tex Pac C & O a25e. 9% Texas PL T (allc). 337 Thatcher Mfg ('l) 8% The Fair 85 The Fair pf (7) 8! Thermold Co 23% Third Nat Inv al.90 24% Thomp Prod (al%) 4% Thompson Starrett. 26 Thompson Star pf_. 14% Tide W Asso O 6Cc.. 100% Tide Wat A O pf(6) i2'» Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c 14% Trans&Wn Air a2sc 10% Transue&W (160c). Tis Tricontinental a50c. 4% Truax-Tra C(a2se) T4 Truscon Steel 2215 20th Cent Fox (a2). 31% 20tn Cent Fpf 13 8% TwinCity RT 65% Twin CRT pf $14__ 2% Ulen & Co 74% Und-Ell-Fish(a2%) 3814 Union Bag&Pap (2) 71% Union Carb & C 3.20. 20% Union Oil Calif (1) 108% Union Pacific «6) 90% Union Pacific pf (4) 2264 Union Tank C 1.20_. 20% Unit Afrcraft a50e... 13 United Air Line vte. 161 United Am Bosch__. 33% 24% United Bisc (1.60)_. 17 9l 48% 16% 29% 8% 87 19% 113% 111 United Bise pf (7). 68 United Carbon (13). 5% United Corp (a20c). 40% United Corp pt 3)_ 10% United Drug (a75e). 15 Unit Dyewood(1)... 4 United Elec Coal 321% Unit Eng & Fy (12). 66% United Fruit (13)._. 14% United Gas imp (1) 109 United G imp pf (5) 6% United Paperboard. 10 U 8 Distributing of 13 U S& Forn Secur_. 24% U 8 Freight (11)... 80% U S Gypsum (12).. 8% U 8 Hoffman - 314 U S Indus Alcohol... 43 U 8 Leather vtc 10% U S Leather A vie_. 21% U 8 Pipe & Fy(1%). 7% U S Realty & Imp... 16% U 8 Rubber 3 47 U 8 Rubber 1stpf_. 72% U 8 Smelting (210) 8 - 5= FumACoemoOnane 9% ® -2 o » [T P L= 52 R6 106% 16% 5% +1%4 INACTIVE TRADING |Steels, Utilities and Wide Variety of Specialties As- sume Lead. o Stock Averages s5s8f £58 FEF Indust. Rafis. Ofh. 80k Net change. +.4 +.2 +.4 +.3 Today. noon. 96.6 39.1 Previous day 96.2 389 Month ago__ 979 Year ago__. 709 1936 high___ 99.3 3.4 6.3 495 519 518 517 423 531 434 4.7 218 3438 T 239 169 146.9 153.9 184.3 157.7 - 516 953 618 6138 0.9 108 7.8 53.2 28 55.1 56.1 E2eR 88 (Complled by the Associated Press.) BY VICTOR EUBANK. Associatea Press Pinancis! Writer, NEW YORK, Dacember 14 —Pivotal issues, led by the steels and utilities. together with a wide assortment of specialties, pumped up a substantial recovery in today's stock market, The pace was fast at intervals, when the ticker tape lagged. Despite | occasional periods of selling, gains of fractions to 2 or more points were prominent at the close. Transfers were around 2.850.000 shares. An upward push in staples prices | was a bolstering influence for the ‘4 share list. Lead and zinc moved to ' six-year highs and wheat jumped the 1 4 |limit at Chicago on European short- 11" age advices. Rubber futures registered —1% | new tops. 713 —1% | Steel leaders responded briskly to + ' the report of the American Iron and +1 | Steel Institute placing this week’s mill + |1l operations at a peak level since Peb~ ruary, 1930, up 2.6 points from the Z .. | previous week. 41 The utilities were given a run fol- — % lowing action of the Supreme Court +2 |in returning the Duke Power case to the lower court for retrial. Most of | these shares bacvked away from their | best when it was realized the constie tutionality of Public Works Adminis- tration lending to municipal power plants has yet to be decided. ! CHICAGO GRAIN B: the Associated Press CHICAGO. December 14.—Whole- sale smashing of top-price records for all grains swept the Chicago wheat market up late today an extreme of 73 cents a bushel. : Surprise estimates were current that % Germany would need to import 37 % | 000.000 bushels of wheat this season % and Italy perhaps more than double % | that amount. Mot of the big advance 1% of prices was held at the last with + & Dew waves of buying overcoming the + 1a effect of immense profit taking. | At the close, Chicago. wheat futures were 5 to 67, above Saturd: December, 1.35-1.35%: M corn, 23,-31; up; December, 1.0934-7 . new, 1,05‘4-106 Onts, 114-2%, advance, and provisions varying from | 8 cents setback to 25 cents gain. + 1 2 l<l'lé|t 1i+4 ansy 281, 4a% 4905 RYLH 1.49%, 46 1.4% 46 1.003, 1.08 Chicago Cash ) Cash wheat, No. 1 dark. hard, 1.36'(: No. 1 hard, 1.34',a38: No. 2 | hard, 1.34'.a35: No. 2 mixed. 1.30';a 32: corn, No. 4 mixed, 1.06: No. 1 vellow, 1.11: No. 3 vellow, 1.06a07; No. 4 yellow, 1.01%a07; No. 2 white, 1.09'2a10'z; No. 3 white, 1.06%a08; No. 4 white, 1.04305; oats, No. 1 white, 52a54';: No. 2 white, 513a 523 : No. 3 white, 52a53; rye, No. 2, 1 \0‘ soy beans, No. 2 yellow, ‘l 47 48%; No. 3 yellow, 147a48; barley feed, 60a88. nominal; malting, 1.00a 37, nominal; timothy seed, 5.85a6.10 per hundredweight: new. 5.60a85 per ' | hundredweight; clover seed, 24.80a ‘1" 31.00 per hundredweight. 1 Winnivex Prices. WINNIPEG. December 14 range today + % 14| . —Gram S FEEEFrIEES | NEW YORK COTTON EY the Associated Press. | NEW YORK, December 14.—Cotton | continued to climb to new high ground | for the movement today on more | active Wall Street and Western buy- ing, prompted partly by strength of grains and stock. Fairly active profit-taking on bulges | accounted for partial reactions. but | trade buying imparted a firm under- tone, March rallied from 1242 to 1248 and sold at the high in midafternoon, when prices generally were 8 to 14 points net higher. Putures closed steady. & lower te 17 higher. Lox » ~ f::f‘# 4' FEr FEFEPSIPFEIS F2 0§ Liverpool Quotations. LIVERPOOL, December J4 ub__Cotton; 7.000 bales: American ni (R R R I R o I [P o Oy ey A N | J 9. good iddling. 19: Tmiddiing. 680 iddling. 6.2 {RUBBER CONSUMPTICR WELL ABOVE YEAR AGC BY the Associated Press. NEW YORK, December id—M> vember crude rubber consumption in the United States was estimated by the Rubber Manufacturers’ Assogla- tion today to have been 50,303 long tons, an increase of 1.6 per cent over October and 18.9 per cent over Mo~ vember last year. Crude rubber im- pum for “n:. month were estimated l!l 121% 123 +1 24% — @ - i 42 + 4% 435. + % 4% Parmeles Transp't. 6% Pathe Film Corp.... 104 Patino Mines_ ... 1% Peerleas Motor . 60 Penick & Ford (13). 69 Penney(J C) (a7%) 3% Penn Coal & Coke. ... 4% Penn Dizie Cement. 28% Penn DixieCpf A 17 Pean Glass efsaile. b} 168 160 U 8 Tobacco pf (1). 8% 5 United Stores (A) 92 57% Univ Leaf Tob (13) 3% Utll Pwr & Lt (A)... 1 Vadsco Sates Corp- 16% Vanadium Corp . m Van Raalte (a3¥)- Viek Chem (12) - (Continued on Page 17.) 4% City Stores 23% Clark Equip(f1. M). 33 Clev Graph Br (2) 48 Cluett Peabody (t1) 129 124 Cluett Peab bt (7). 122 108 Holland Furn pfi6) 33% 9 Holland&Sons t50c. lfi # Holl&Son rts Dec28 19% Holly Sugar (12) - 8 1 +14++ ++ 39% Houd-Hersh(A)2%. 22% Houd-Her (B) t1%. ouston O11 B3gp2ts 7 2% 2T 49% 8% 0 Fegs” sser ssv +1 141 20% 13 Colgate P-P (150e). 106% 100 Colgate-P-P pf (6). 66% 39% Colline & Alk »”