Evening Star Newspaper, December 17, 1936, Page 16

A—16 »x» CONSOLIDATED OL BOOSTS DIVIDEND Directors Increase Common Stock Rate From 15 to 20 Cents. By the Assoclated Press. NEW YORK, December 17—Direc- tors of Consolidated Oil Corp. today announced an increase to 20 cents from 15 cents in the common dividend rate and declared a regular quarterly divi- dent at the new rate. The disburse- ment is payable February 15 to stock of record January 15. A pay increase of 5 per cent of their annual salaries also was announced for 20,000 employes. The pay raise was effective December 16 for all em- pioyes receiving $5,000 or less an- nually. American Bank Note. A dividend of 25 cents a share on the eommon stock, together with a year- end dividend of 15 cents a share, was announced by American Bank Note Co. Payment will be made December 24 to holders of record December 8. The directors also declared a quarterly dividend of 75 cents a share on the preferred stock, payable January 2 to stock of record December 8. A. Nash Company. Directors of the A. Nash Co. de- clared a dividend of $1 a share in cash and $1 a share in debentures, both to be paid December 24, to stockholders of record December 21. Chairman W. H. Albers said the debentures would be redeemed next year. The company has 23,800 shares outstanding. It paid a $1 a share cash dividend earlier this | year. Total payments per share in 1935 were 50 cents Outdoor Advertising. General Outdoor Advertising Co. announced & dividend of $3 a share on the first preferred stock, payable December 26 to holders of record De- cember 21. The payment will reduce accumulations on the stock to $7.50 | a share. quarters in Chicago. Climax Molybdenum. Directors of Climax Molybdenum | Co. declared a special dividend of 20| cents a share on the common stock, payable December 24 to stock of record December 17. The company has headquarters in New York and a mine | at Climax, Colo. Shawinigan Water. Shawinigan Water & Power Co. which serves more than 400 communi- ties in the Province of Quebec, an- nounced an increase in the regular | quarterly dividend to 20 cents a share. The payment will be made February 15 | authority from the Federal Court to | A to stockholders of record January 20. MacAndrews & Forbes. MacAndrews & Forbes Co., makers of licorice products, with a factory at Camden, N. J, announced an extra dividend of 50 cents a share on the common stock, the regular quarterly dividend of 50 cents and the regular quarterly dividend of $1.50 on the pre- | ferred stock, all payable January 15 to | stock of record December 31. Continental Insurance. A special year-end dividend of 20 eents a share on the capital stock and a semi-annual dividend of 80 cents were declared by directors of Con- tinental Insurance Co. both payable January 11 to stock of record Decem- | ber 31. Previously the company paid 60 cents semi-annually. Pacific Gas & Electric. ~—Pacific Gas & Electric Co. declared s dividend of 50 cenfs ment of this amount since 1933, when the rate on common stock was cut to 81.50 a year from $2. The dividend amounts to $3,130,678 on the 6,261,357 outstanding shares in the hands of about 35,000 owners. FOREIGN MARKETS. LONDON. December 17 i#).—Rubber shares, which continued active and strong, ewing o the strenath in that commodity. led prices to higher levels in the Stock Exchange after early steadiness. Trading, however, was on a smaller scale. Indus- trials tended upward, with motor, cable and tobacco shares in fair demand. Trans- Atlantic_issues and German bonds eased. While Argentine rails continued their ad- vance. Gilt- edud securities held firm and oil shares steady. The mining group turned irregular. PARIS.—Although rentes recorded gains of 40 to 50 points prices were generally jrregular in the Bourse today. Interna- tional and industrial issues weakened. and Bank of France shares lost 50 francs. METAL MARKET. NEW YORK. December 17 (#.—Copper | ytic spot and ‘tuture. 11.00; Tin ste nd 45 antimony. quicksiiver. platinum and wol- framite unchanged. MONEY MARKET. NEW YORK. December 17 (P).—Oall money steady: 1 per cent all day: prime commercial paper. ¥ per cent: time loans steady: 60 days-6 months, 1% per cent of- fered: bankers’ acceptances unchanged: re- glescoumlnl!. New York Reserve Bank, 115 r cent. TRUSTEES ARE NAMED. NEW YORK, December 17 (#).— Jarvis Cromwell, president of William Iselin & Co., Inc., and Milton Fergu- son, vice president of Central Hanover Bank & Trust Co., have been elected trustees of the latter institution. The company has head- | a share on | eommon stock—the first quarterly pay- Stock Seat Price Reaches $115,000, Or $10,000 Higher BY the Associated Press. NEW YORK, December 17.—The price of New York Stock Exchange seats showed a bullish trend today with the transfer of a membership at $115,000, up $10,000 from the previous sale. At this level membership values show a recovery of $26,000 from the year's low, recorded on December 1. The high for the year was $174,000, in February. CARRIERS ORDER MORE EQUIPMENT Norfolk & Western Con- tracts for 40,000 Tons of Rails and Coal Cars. By the Assoclated Press. NEW YORK, December 17.—Recent predictions in trade circles the steel industry would continue operations at a brisk pace were given weight to- day by additional orders for railroad equipment. Norfolk & Western Railway placed orders for 40,000 tons of rails, of which 30,000 tons will be made by Carnegie=- Illinois Steel Co. and 10,000 by Bethle- hem Steel. The road also awarded a contract for 1,000 steel hopper coal cars of 55 tons capacity to Bethlehem Steel Co., Johnstown, Pa. The following plans for purchases of freight cars were disclosed by Iron Age: The Pennsylvania Railroad will buy 2,500 freight cars. The Erie is in the market for 750 box cars, 500 auto- mobile cars and 250 gondola cars. The Illinois Central will buy 1,000 | cars. The Missouri-Kansas-Texas is in the market for 500 gendola cars, | 500 stock cars and 150 automobile cars. The Burlington Refrigerator | Express is inquiring for 300 cars. The Denver & Rio Grande Western will buy 100 ballast cars. The Chicago & North Western, in | addition to 500 automobile cars pre- | viously announced, will purchase 150 ballast cars. The Nickel Plate is planning to buy | 1,400 freight cars. Ask Authority to Buy. ST. LOUIS, December 17 (A).—Four | St. Louis railroads which are in bank- ruptey or receivership—the Missouri | Belt—have obtained or are seeking | spend more than $14,000,000 for im- provements during 1937. Trustees of the Mopac, who had al- ready received permission to buy authority yesterday to spend $9,026,- 302 for additions and betterments dur- | ing the coming calendar year. Approval Obtained. Authority has been obtained by trustees of the Frisco to expend $2,- 184,875 for improvement of equipment and roadbed. The Cotton Belt will spend $550,000 for five new locomotives and $500,000 for 10 air-conditioned coaches. Receivers of the Wabash have court approval of expenditures of | $944. 644 for rails and roadbed equip- " ment. DOLLAR MOVES DOWN | Ev the Assoctated Press. | in the foreign exchange market today. | Losing 3 of a cent, the United | States.dollar closed at 4.91'; to the | pound, which was unchanged as com- | Gt | pared with the overnight New York | rate. French francs ended at 105.12 francs to the pound, against 105.15 yesterday. PARIS. December 17 (#).—Three per cent rentes, 75 francs 65 centimes; 412 per cent rentes, 79.90. | Exchange on London, 105.15. dollar was quoted at 21.39%. INSURANCE STOCKS NEW YORK. December 17 (#).—New York Security Dealers’ Association: e Bid. - 10473 ‘The Actna Cas (2a)_ Anked. Aetna Ins (1.6 b4 Actna Life (X0n)™ Am Equit_(1a) (| N Y : | Conn Gen Lt (50 - | Conunent Cas (1) id & Dep (3a) Firemen's Nwk _ Frank Fire (1a) Hmrord Fire ("l Home Fire Sec_ Home Ins (1) Homestead (1) Prov Wash (1a)_ St Paul Fire (8a) Springfield (4122 THE EVENING STAR, WASHINGTON, D. L. & N. BUSINESS EXPECTED TO RIE 22 Equipment in Good Shape. Loadings Resist Usual Seasonal Decline. BY the Associated Press. NEW YORK, December 17.—The Louisville & Nashville Railway ex- pects to do a bigger business in 1937 than in 1936, James B. Hill, president, said today. “The equipment of the L. & N. is in good shape,” Hill said, “and the per- centage out of repair is small. We Pacific, Prisco, Wabash and Cotton | $1562,192 in new rails, sought court | |"""IN LONDON DEALINGS | SAN FRANCISCO, December 17 (#). | LONDON, December 17.—Sterling | continued to meet with good support | Chesa. & o | Rate - Maturit have had a big equipment program, probably the biggest of any railroad in the South, and have been putting a large number of cars in shape since last year. Our locomotives are in good shape, too.” December car loadings are showing a surprising resistance to the usual sea- sonal decline, averaging about the same as in October and November, about 5,000 cars daily, Hill estimated. He said the road would charge off about $400,000 in November and $400,000 in December for the com- pany’s liability under the railroad re- tirement act, making a total of $1,200,- 000 for the year. INVESTING COMPANIES ORK. December 17 (@).—New York Sechriny Pealers. Association: (Noon quotations.) Admin Pd_2d T = Am Business Am Gen_Eq Am Ins Stocks | Bancamer Blair Bank Group Shrs~ Bankers' Nat Tnv Corp Basic Industry Broad St Inv_ Bullock Pund Corporate Trust Corporate Trust A’ A box cars, 500 coal cars and 500 hopper | Depos I Eauity Corp $3 f Pidelity Fund Inc First Boston_Corp Fixed Trust Sh A Fixed Trust sh B Found T Fond mvestors Jne SHec Automobile. Sfc Building Incorp ‘Investors Insurance Groun &hr: Investors Pd C Inc ne Keyston Cust Fund B: Major Shrs Corj Maryland Pung Stand Uil Inc Super of Am BT ot A e AR - Super of Am Tr B Super of Am Tr BB Super of Am Tr C' IS St AR T 5 - | Supervised Shrs | Trustee Stand }n\ c Tristeed Industry Wellington Pund _ SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co. Amer. Tel. & Tel. 5%s 1943 Atlantic Ref. Co Bs 1937 Calif, Pack, Cor. 55 1041 Caroiina. Cl. & O5 s 1 10 105 106% 1013 1011 1013 104 Glmberiana T, & T, 5 1 Del. & Hud. Co. 5%as Edison El Iilum. 4s 19 jen. Pub. Serv. 5las 1930 Gr. Rapids & Ind. 474 1941 Houston Ofl Blas 1940 Int. T. & T. gas 1930 So. Vanadium Corp. 58 Wabash Rwy. Co. 55 1 Warner Bros. 6s 1930, West. N. 83,1037 Wesk: Dinton Fel- s Tods.. —_— U. S. TREASURY NOTES. (Reported by Ouss. D, Barney & 001 NEW PLANT PLANNED. ‘TRENTON, N. J., December 17 (#).— The L. A. Young Spring & Wire Co. of Detroit will erect an Eastern plant here, it was announced today with the sign. ing of a contract for the erection of a $250,000 building. Completion is ex- pected by mid-April. Approximately 600 persons will be employed beginning May 1. “REALLY?...A MONTH’S SUPPLY OF ANY TISSUE | THINK IS BETTER THAN NORTHERN TISSUER" EXACTLY! Buy 4 rolls of North- ern Tissue. Use two. If it isn’t the best you have ever used re- turn the other two rolls to Northe ern Paper Mills, Green Bay, Wisconsin ... state dealer’s name and price you paid, end: You'll get all your money back plus postage. PLUS the price of a month’s supply (4 rolls) of any tissue you think is bener—any tissue costing up to twice what Northern Tissue costs. This offer expires Jan. 5,1937. And it's also good on Gauze — our lower-priced tissue. NORTHERN TISSUE NORTHER? TISSUE 6.934; firm s, 341/.-.1 Ya: Drices unchanged. Chee: ? BY the Associated Press. NEW YORK PRODUCE. NEW YORK. December 17 n‘e" -Butter, | 3L ;e 88-01 'scores), 115,766; steady to firm and un- Kel 4/ FRTEAET reported to have shown an increase U. 8. TREASURY NOTES. of of The position of the Treasury on De- Everyone Can Use a Basket of Food $2.00 $1.00 $1.49 For over 45 years we have been the year ‘round. We feel that welcome service that is cordial in the course of the year. cember expenditures, $1,825.717,623.23; Kelvinator riod of 1935. C., THURSDAY, DECEMBER 17, 1936. 15: Receipts, $505.724,121.84; $130,173,769.35: " balance, clllusml receipts for s“u Ha7.3 Jear (since e REICHSBANK STATEMENT. BERLIN. December 17 (.—The Reichs- bank statement of Duembu 15 (in thousands of reichsmark: Notes in clr- 4.587. 5,000. [ I Poreten cursency | decrease, 354, Other bilis | 46. LONDON BANK REPORT. ONDON. December 17 (#).—The Bank of lnlllnd statement for the week ended {housands of pounds) O month, ts ney ex une 9.084, I‘Il KI ver the Brevlolu day; 1,642,483, _ Corp.—Shipments of lvinator domestic refrigerators were an_incres 07: increase. | "9 a0 seciirities, 89.088: increase. 7.371 ‘Invest- | securities. 27.50:i: decrsase. 1.567. The ." Ratio_of | proportion ‘of the bank's reserve to lia- reign currencies to notes. 1.8 | bility is 32 per cent. compared with 35.20 Rate of discount. 4 per cent. last week. Rate of discount, 2 per cent. RUBBER FUTURES. NEW YORK. December 1 rubber futures opened firm higher. December unquoted: : May. 20.35-37. MG&HEAN STORES CO [ W AN A Y catering to “‘appetites’’—not only at holiday time, but all most people appreciate QUALITY in the food they eat— ond attentive—and our economy prices save a great deal d per cent, MONEY MARKET. ONTREAL, December 17 ().—Siiver rulien opened 25 to, 38 higher. | December lfi Hb, Much 46.60b; I!.l 46.71 33.3 per cent for first 11 morths 1936, as compared with like pe- That's why our patronage keeps increasing each year, and why you will find it to your advantage to shop from this list tomorrow ond save both time and money at the Stores— GLENWOOD PREPARED APPLE SAUGE 25¢ 39 Choice Mixed Nuts b Thin-Shell Almonds California Walnuts 27c King Cole Brazils 23c CIDER c"'~39c Jug pkg. 10c 2 pkgs. 25¢ Ib. 25¢ Ib. 15¢ Repp's Natural 15 gal. jug Fancy Layer Figs Pitted Dates Fancy Citron Lemon & Orange Peel 12 FARMDALE EVAP. MILK 2:=15¢ 4Mmm SUNRISE BRAND KETCHUP big pint IOC rex. bottle HURLOCK CENTER Jar mak ceiver w ASCO tall Indi cans ASPARAGUS Palmolive Soap 3 cakes I7c Octagon Toilet Soop Octagon Laundry Soap Octagon Soap Powder or Cleanser Super-Suds Super-Suds or Concentrated SUPER-SUDS LIGHTHOUSE CLEANSER 2 .. 5¢ Place You 3 1 2 tor 2 reg. pkgs. 19¢ mge Gold Seal Look for the Gold Seal Tag on your Turkey. satisfaction. These Turkeys are “‘The Pick of the Flock”’—fresh killed, young, plump Place your order now—remember, QUALITY COUNTS. Fresh Pork Loin Roast End Cut Pork Chops Center Cut Pork Chops Briggs Fresh Phila. Scrapple Delicious Tender Juicy Steaks Round » 33¢ FR Sirloin»45¢ HAMS 'Good Cheer” Certificates, $1.00 Spread Cheer on Christmas. Redeemable at any time for food at any 450 Stere. Where Quality Counts and Your Money DIXIE CREAMS INDIA RELISH cake 5S¢ 18¢ WALDORF TOILET TISSUE Scot-Tissue SHOULDERS .19 SUGAR-CURED, SMOKED Goes Furthest e T e TASTY, COOKED CORNED BEEF HASH T = B MANNING'S COOKED HOMINY 17 25 ed Raisins zp;:q; |5§ BOSCUL 2 1| COFFEE Patras Currants pkg. 12 Sunrise Extracts bot. 10c Ib. vac. c w28 BOSCO MILK RGR Plum Pudding AMPLIFIER THIS THURSDAY, FRIDAY AND SATURDAY ® Buy one pound of Asco Coffe. and get Y pound free. Try th Y4 pound. If you den't think it is the finest cotfee you ever tasted. return the pound unopened, and get your money back. Only one sample to a customer, 2 big 10¢ cans 10¢ cans 3 A4SC0 Quality Seedless Raisins MINCE MEAT . 19¢ Derrydale Creamery . can 25¢ Ocean Spray Cranberry Sauce 2 cans 25¢ Poultry Seasoning pkg. 9¢ A4SC0 Whole Spices pkg 5c¢ ASCO Ground Spices pka Tc Thyme, Sageor Marjoram pkg. 5c 2" 25¢ - Supreme FRUIT CAKE b. 39¢ 2 Ib. Cake 75¢ Q‘bfi WALTER BAKER'S Finest for All Purposes < .|COCOA es a handy ash re- hen empty. range Pekoe ond a Ceylon TEA MARSHALL’S " KIPPERED HERRING In Tomato 1 5c reg. 10°% BORDEN'S r‘! CHATEAU cHEESE : 2.5% 33" Borden’s Cheese in Glass THRIVO DOG FOOD 17¢ 215¢| 3 = AD TURKEYS It is your quarantee of complete A4SC0 Baking Soda 2 1w pkgs 13¢ CUTS reg. l3c A&SCO Fresh Rob Roy Pale Dry Ginger Ale ASC0 Grape Juice pt. 15¢ Golden Pumpkin 2 =23 4 rolls ‘| 5 c 2 rolls 19¢ Plus Dep. 3¢ 9¢ with Cocoanut. Scot Paper Towels Scot Towel Holder r Order Now for Your FRESH KILLED and tender. Carefully and scientifically fed to give you extra goodness Tender Steer Chuc Roast 18 e BONELESS CROSSCUT ROAST » 29¢ /7, FRESHLY GROUND BEEF ™ 19¢ . 23¢ w. 23¢ w.31¢ ». 28¢ w 12%e¢ Swift's Smoked SHOULDERS - 21¢ .97: 100% PORK Sausage Meat ESH PORK Sweet 3t051b. average Whole or shank half 10t0 12 . averages 20 oz. pkgs. Mother’s Joy Pancake Syrup bot. 15¢ Do’nuts 1 Plain, Sugared or Cinnamon Banquet Style Cocoanut Sponge Cake 3 5¢ Teing all over and covered Potatoes #4-15¢/2-15¢ U. S. No. 1 Baskets APPLES PARIS BANK CHANGES. PARIS. December 17 (#).—The Bank of France statement for the week ended De- cember 11 (in millions of francs): Gold reserve, 60.358: unchanged. Sight balances abroad, 6: increase, 1. Bills pur- chased abroad., 1.442: unchanged. Dis- counted commgreial bills, France, 6.615: decrease, 238. Temporary advances to state (prior to June 18), 12.208; un- Temporary advances to staie {since Jume 1%). 1.500: incre & Advances against securities crease, 65 Circulailon, 86.778: d 404, Total credit to'curtent accounts. 3: increase. 1.004. Thirty-day ad e aanien Serriamint. geeeTiee. 818 decrease, 319. Rate of discount, 3 per cent. Prepared Buckwheat 15¢ Selected, Guaranteed EGGS 35¢ Giotd Seal EGGS ") The Pick of the Nest 39 : —eoeooeo e { Why Not Enjoy the BEST Butter on Your Table? America’s Finest Sweet Cream BUTTER » 37¢ Polly Ann Asst’'d CHOCOLATES A Fine Assortment of Quality Chocolates “Holiday Greetings” , Asst’d Chocolates > =89 Creamy Choc. Drops b 10c Famous Candy Mixture 0 19¢ Candy Canes box 10c 50,50 Hard & Filled Candy big 12c 7 :10¢ -17¢ Victor Bread 16 u,7c loaf Bread Supreme 10¢ 24 oz, Inaf _;Juicy Grapefruit 6 - 25¢ ' Boxed Apples Stringless Beans 3 ™ 19¢ Cuban Red 4 Ibs. ZSC Crisp Iceberg Lettuce 4:19: