Evening Star Newspaper, December 21, 1936, Page 19

CORPORATE BONDS TURN DOWNWARD Market Yields Fractions to Point or More as Equities Ease. Bond Averages 20 10 10 10 Rails_Indust. Util Pen Net change. —2 —.1 Unc.+.1 Today noon. 97.1104.0102.1 71.6 Prev. day__. 97.3104.1102.1 715 96.6104.2102.4 T1.1 85.6101.6 99.5 69.6 97.9104.41031 1720 86.9101.8 99.3 67.6 1935 high... 87.8102.2 993 704 1935 low... 764 922 845 655 1932 low.. 458 400 646 422 1928 high...101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon ...113.1 Prev. day-113.2 Month ago113.1 Year ago. 109.9 1936 high_ 113.5 1936 low.. 110.2 1935 high- 110.7 1935 low.. 107.9 1028 high-104.4 1932 low.. 868 (Compiled by the Assoclated Press.) B the Associated Press. NEW YORK, December 21.—Weak- ening in sympathy with a drop in shares, the bond market yielded frac- tions to a point or so today. Losers included American & Foreign Power 5s, Baltimore & Ohio 4!.s, Bethlehem Steel 4!4s, International Hydro Electric 6s, Missouri Pacific 5s, » Pure Oil 4!4s with wararnts, Southern Railway 4s and Youngstown Sheet & Tube 3':s. U. 8. Governments continued the frregular pattern marked out during the morning. Modest gains in Treas- ury 23s of 1947 and 1959 contrasted with small losses in the 27gs and the 3s of 1948, Pacihc—Uglltillg Boosts Dividend to $3 Annual Basis| Br the Associated Press. NEW YORK, December 21.—Pacifiic Lighting Corp. today announced a quarterly dividend of 75 cents a share ,on the common stock, placing it on a ° $3 annual basis, compared with $2.40 previously. The payment will be made February 15 to holders of record January 20. CHICAGO PRODUCE. CHICAGO. December 21 (P.—Poultr: two cars. thirty-eight trucks. firm poynds up. 16: less fhan o) Lezhorn’ hens ™ less Plymouth and White R ‘colored broilers. 15: white Ro Plymouth Rock. 16 12: roosters. 12: Leghorn l|urk!‘s hens. 1 , Bt i e ro0st: ', pounds up. 2 $HitEohnd: conored 14%2: Southern ceese. Pound up. 19: less than Dressed turkeys fi it € aded receipts. refrigerato Potatoes, shipments kteady. supplies rather li demand fairly good. other ‘stock slow: ‘sacked per hun cleht, Russet Burbanks 5 : U, washingfon Russet B . fine quality. large, McClure: Saturdsy. demand Idaho N B No. rbanks, i 3.10: Colorado Rm S, CHICAGO LIVE STOCK. CHICAGO. December §tsies Department of A %.000. including 7.500 d steady to much beef in ng. only spri ere: stockers and feeders up and_short-feds mostly. se down: Eastern shippers paying ward for fat cattle: taking veariing 150 and 1.400-pound ave dressed market still ence of poultry: s higher than week ago \ mainly 50a1.00 over that low stock ‘alfo steady to_ sirong: bulls strong 10 higher and vealers mainly steady ll 10.50 do‘n mostly; few shipper vealers making 11,0 ‘Shee 000, fncluding 800 direct; fat 1ambs moderatély active: early sales fully steady to stronger: aged sheep steady: ood to choice native and_fed Wesiern (53789 00; "nandyweights held’ up- nd above: slaughter ewes, .50!4 50 mnslly. {t! ng lambs scarce. PHILADELPHIA PRODUCE. PHILADELPHIA, December 21 (P).— 4ive pouitry. fowl. Plymouth Rocks, fancy. Kal®; mi colors, 14al7; white Leg- Slaggy young roosters, 1:a :4: old roosters, Jlln!| pullets, fancy, )s Plymouth Rocks. 1¢ Toasting chicke brotlers, Eorisnoaion Teatoy, ocks. 13a15; red Spring_ chickens, ixe Tarkeys, fancy young hens and toms, 18aif: fancy ordinary young toms, 15a1 ducks. white Pekin. 1 32ald: Muscovy ducks. armed- g at 7.50 howev spot 15al6 Plymouth nng’er( 17; crossbred 11a Springets, colors, : smaller sizes, 20%2; 8 vestern, 14al7%p: old dry mcked 14al6; capons, West- T. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) Bid. offer. BUTTER — Range of prices to stores gathered from wholesale dealers (prices to earby shippers based on Philadelphia and fr ‘ork prices): One-pound prints. car- ton (91 score). 1-pound prints. car- ton (90 score). 36: %-pound prints, carion 92 scor pound prints, carton ( tub (92 score), Y4-pound _prints. i tub (91 score), e T Treal ey am ; fresh ham é pork. 20: bas it d, )1’4![”« lllh! hogs, :__mediu heav: ’ omh, Tougns. Bag: calves, satol: bs. 5ag: Prices paid shippers, net. f.0.b. Washing- ton. By the United States Bureau of Agricultural Economics: S—HIrkfl. full steady at unchanged Dealers report improved undertone. Teceipts. 28a30: hennery ~whites, A u?ver‘nmenl (r‘l‘dedm lnl;l’. s white ezgs (net prices paid shippers. ‘Washington)—U. §, extras. large. 34: U. 8. tras. mediums, 30%: U. 8. standards. arge. 33. LIVE = POULTRY—Market _ generally steady at unchanged prices. Turkeys mov- xn;krud ‘ and undertone improved. 14a16: s, rices. Suryen Leghorns. T 3oy ld lllh\ell 20a25 each. Turkeys: You 18a19: young toms, 16al 2: old hens. 14: old toms, 14. Louisville & Nashville R. R.—Com- mon share earnings, 10 months ended Getober 31, were $6.37, against $2.60, g 1100 ip- | she | BONDS ON N. Y. STOCK EXCHANGE symumumhmsm 100.29 106.6 103.25 102,22 102.5 108.22 107.23 106, 108.18 107.30 108.26 109.21 107.26 110.22 116,22 109.24 12118 121.8 2158 1949-53 288 194547 cmmen. 235 1948-51 oo 238 1951-54 o - 2%5"66-69______ 27%81956-60 381946-48___ 39 1961-66__ . 3%® 1946-49 .. S%l 19l9-52.___ Shs 1940-08 June 338 1943-47_. 48 1944-54. 4%s-3% 194345 4%n1947-52 4%81947-562 reg.. HOME OWNERS' 2% 1942-4 2% 1939-4 381952 __ Abitibl Pa&Pw 6s ‘53. Adriatic Elec 78°62.. Agr Mtg Bk Col 68 47 Febr coupon on_ Agr Mtg Bk Col 6s *48 April coupon on. Alpine Mont S T8 '55_. Antioquia 7845 A ... Antioquia 78 45 B.... Antioquia 7s ‘45 C. Antioquia 7s 45 D__. Antioquia 1st 78 ‘67 Antioguia 2d 78'67 new Antloquia 3d 78 57 __. Argentine 638 *62 Argentine 68 '57 A Argentine 6s ‘68 B s °69 Ju 8 *69 Oct. *60 May . 60 Sept Australta 68 ‘57— Berlin Elec 68 56 Berlin Elec 6%s '51... Brazil 6%s 2 2 Brazil 78 '62 - oo Brazil 8s " Buenos Alres 4%8-45s'76 April_ Buenos Aires 4%s-3%8'7T Py __ Buen A 4%s-4%8'75 . | BuenosAC6%s'61stPv | Bulgaria 78 ‘67 July coupon oft____. Buigaria 7%4s ‘68 May coupon oft_____ Canada 3%8 61 .caee. Canada 48 ‘60 Canada 5852 Chile €s '60 Chile 68 '61 Febr. Chile 65 6] Sept——me-. Chile 68 '62 Chuil 3 Chile | Chile Mtg Bk | Chile Mtg Bk 65 '62 Chile Mtg Bk 6148 '57. Chile Mtg Bk 6% s '61. | Chilean Mun L s "60_ Cologne 6%8 ‘50 Colombia 6s ‘61 Jan.. | Colombia 63 '61 Oect. Col Mtg Bk 7846 Denmark 6s '42 Dominic 1st 6%s 43 Estonia 78’67 Finland 6s ‘45 | Frameric In 7% Frankiort 6%s ‘58 GerCBk A6s'38 ____ Ger C Ag Bk 68'60 Oct. Ger Gen Elec 6 Ger Gen Elec | Ger Gov b st Ger Gov 638 '65 un st Ger Prv & City Bk con Ag 644855 _ Ger Kep 7s ‘49 stpd. | Greek Gov 68 68 Greek Gov 7s '64._. | Haiu 68 52 | Hamburg St 63 46___. Hungary 7%s "44 Febr coupon ou_ Ltaly is 51 1tal Crd P W 78’47 B_ (Ll P UCrd7s'52. Japan 6l4s°66. - 'Jluln&‘al‘fil 42 i | Jugos Mtg Bk 7867 unmat coupon ... Kreug&Toll 63 ‘59 cfs_ Lombard Elec 78 52 Medelin 635 b4 10-45 asst__.. 54 asst Mex Ire 413 '43 a: Milan 635 ‘63 - Minas Gers 635 ‘58 Sept coupon oft___. Minas Geras 6348 69 Sept coupon on___ Montecatini 78 ‘37.... Montevideo 78 ‘52 ___ New So Wales bs '57.. New So Wal .58 Norway e Norway 63 ‘63 Norway 68 ‘44 Ortental Dev 6%s '58._ Oriental Dev 68 Uslo 4 %8 66 Panama 6%s 53 Paris Ori Ky 5348 Paulista Ry 7842 Pernambuco 78 41 Poland 18 47- Poland 8s "t - Perto Alegre 7%s '68 July coupon oft Prussia 6%s 51 ... Queensiand 63 47 Queensiand 7s°41._.. Rhine W El P 68 '53.... Riode Jan 634s 63 Rio Gr do Bul 68 '68 June coupon o Ko Grdo Sul 7867 June coupon off _.. Rome 6%s ‘62 Rumania 78 *¢9 Aug eoupon oft Sao Paulo C 88’63 July couponoft____. Sao Paulo St 7840 8ao Paulo St 7s ‘66 Sept couponoft __.. Sao Paulo St 8s ‘36 July coupon off ... Sao Paulo St 88 50 July coupon off ... Serbs 78 °62 unm c 0. Ser! *62 unmeo.. Stemens & H 6%4s'51. Sydney 5%s '56 ‘Tokio 6%s '61 Tokie E L Ltd Trondhiem 6 Un Stl Wk 63%8°47 A_ Vienna 65 ‘53 May co. Westphal El Pw 6s '63 Yokohama €s '61 Foreign Bonds..ceee. Domestic Bonds....——- TREASURY, High Low. Close. 79% T4 4% Approximate 'rnn-nll.u Today. U SGov't Bonds___, 690,000 1,330,000 8,560,000 100.25 106.3 103,25 102.18 102.3 103.20 107.20 106,29 108.18 107.27 108.24 109.21 107.24 110.19 115.21 109.22 121.10 121.8 100.28 106.3 103.25 102.22 102.4 108.22 107.20 105,29 108.18 107.27 108.24 109.21 107.24 110.22 116.21 109.2¢ 12118 121.8 FEDERAL FARM MORTGAGE. 105.15 105.15 105.15 104.27 104.27 104.27 105,28 10523 105.28 LOAN. 102.17 102,17 102,17 102.21 102.19 102.21 104.16 104.12 104.16 FOREIGN BONDS. High. Low. Close. 1% 8% 34 4% 243 9314 100%, 105 8% 97 106%% 10739 213 2915 1053 10134 8214 3% 12 E) 2214 2% 21 28% 2235 22) 68% 223 99 6525 i 104% 1043 1014 & 10255 101 o83 70 8 9 105% 1014 8214 2034 164 16% 17% B4dg 334 528 23 214 113 1123 2 223 u 21 28% 2234 68% 243 UK 23 92 Alleg Corp §s *50 stp . Alilted Stores ¢ %48 *50 3030 % Am Wat Wks 6s Am Writ Paper Anaconda deb 4 38 50 %! A T&S F TCSL ¢s 'Bl Atlanta & Birm Ati Coast Line Atlantic & D 1st4i Atlantio & D 24 4s 48 Atl Refining deb 5s ’37 B&O ist 4s 43 B&OSwn 68’50 . B & O Toledo 4s ‘59 Bang & Aroos 58 "43 Bell T of Pa Bell T of Pa Beth Steel 3% B M Bos & Me 68 Bos & Me 68 Boston N Y A L ¢s Bot Con M 6%s '34 Bot Con M 6%s '34 ct_ Bklyn Ed con 318'66. Bkiyn Man T 4% 66 Bklvn Un El 6s ‘50 skiyn Un Gas 6560 . Bklyn Un Gas 63’67 B Bklyn Un Gas rf 65 '47 Brown Shoe 3%s '60__ BufGE4%s’81 B___ Buft R&P con 4%s'67 Buff R&P cn4 148’67 rg BCR&Nclbs'34 __. BCR & N 6534 ctfs_ Bush ‘ferm 1st 48 '52_. Bush Term con 6s 65 Bush Term Bldg 6s '60 By-Prod Ck 6%s *45__ Clllt Packing 5s ‘40. Can’dlan N R 4%8 57 Can’dian N 68'69 July Can’dian N R 6569 vt Can’dian N db 63 5'46 Can'dian P db 4s perp Can'dlan Pac 4 %8 60 Can‘dian Pac 63'44 cfs Can'dlan Pac 6s '64 Caro Cl1 & O 6s'38 Central Fdry cv 6s '41 Cent of Ga con bs *45 Cent of Ga 65 59 C Cent of Ga rf 538 59 Cent Ga Mobile 55 '57_ Lent il k& G bs 61 Cent N England 48 Cent of N J gen 68 ‘87 Cent Pac 18t rf ¢s"49_ Cent Pac 5s ‘60 Cent Steel Champ P& F 4% '50_ Chesap Corp bs 47 Chi & Alt ret 384y Chi B & Q gen 48 °68__ ChiB& Qref 58'71 Chi B&@ 1div 3%8"49 Chi & E 1168 5] _ Chi Grt West 48’69 _ Chil & L gen b3 *66 __ Chi Ind & Lou 4s°47__ Chi Ind & L ken 63 ‘66 CM&SIP gn 3%s '8 B CM&SUP 45 '8y B CM&SP gn 41889 C CM&SIP 4%8 8V E __ CM&SLP 58 76 CM&StP&P ad) 632000 Cht & NW gen 4s°'87__ Chi & NW 4% 52037 Chi& NW 482037 C. Chi& NW ¢% 849 Ch! & NW rf 6s 2037 Chi & NW gen 6s '87 C&NW Nr W 6 ‘3! Chi R 1&P rf ¢ Chi R I&P rf 48 3¢ ct? Chi R 1&P gen 4s '88 Chi R I&P 4s'88 ctfs_ Chi R I&P 4%8'52 . ChiR I&P 4%s 52 ctf Chi R 1&P 4%8 60 . Chi T H&S 1st 58 '60._. Chi Un Sta 3%s 61 _ Chi Un Sta 33,8 63 E Chi & W | con 4s Chi& W Ind 4%s '62_ Childs & Co bs "43 Cin Gas El 4368 A Cin Union Term 6s 67 CCC&St L gen 4 CCC&ST L rf ey Clev & Pitts 415 Clev Un Tel 4448 *i7 Clev Un Term 58713 B Clev Un Ter 6%s 72 A Colo Fuel & Ir 5370 __ ColumbiaG & B 62 May. _ Columbia G&E bi Colum RyP &Lt 45'65 Com Inv Trust 3% 8’51 Conn & P Rys 4543 __ Cons Coal Del 6860 _ Cons Pwr 3%8'70 Consum Pwr 3%s '65_ Container deb &s *43 Crane Co 3%8 5 Crown Will P 68 '51_. Cuba RR 1st 68 '52 Cuba R R 71536’ ctfs. Dayton P&L 3%s '60. Del & Hua ret Den & R G con Den & RG W 53 Dul SS& At 6837 . Duquesne Lt 3%s 'S East Cuba 8 7%s '37 . £ Cuba S 73%s 37 ctfs B Tenn lien 5s ’38 ETV & Gacn bs '56 El Paso Nat G 4%5'46 Erfecv 45’53 A - Erfecv4s 53 B Eriecons 4s"96______ Erie gen is *96. Erie ref 68 67 cceeee. rie ref 68 “75 Erie Pa col tr 4s Farb’ks Morse 48 ‘568 Fed Lt & Trac 5s 42 Fed Lt & Trac 6s "42. Fla C & Pen 58 '4; FondJ & R 48 '82 file Gen Am Inv 6863 Gen Mot Aco 3%s '51-. Gen Sti C b3 Uy 23y 92} 243 8% 3034 2444 58} 4% 104 7 7Y% 10135 21% 678 67% 3% 683 DOMESTIC BONDS. : Adams Express ¢8°48. 1043 10434 104% L T1l Cent St L3348 "51... eeee 100 9954 9931l Cent W L 1st 48 '51. o COTD 68 ‘49eaeen 953 963 l‘}& ICC&StL N O ¢3%n'63. Alleg Corp b “ Grt N Rgen ¢%48'76 C Grt N Rgen 4% 77 B. Grt NRgen6s’73C.. Grt NR6%8'53B... Green Bay 63’62 B___. Gulf M & N 6s 50 Gulf M & N 6%# 50 Gulf States St 4%]‘!1. Hock Val 4% Hoe (R) lt}olsfi-'u Houston Of] 6% *40... Hudson Coal 6863 . Hud & Man inc 68 °57.. Hud & Man ref 65 '57. 11 Bell Tel 111 Cent 3% 11l Cent 45 '51 111 Cent col tr 1 Cent ref IICont ¢%8 66 o 1l Cent ref 68 °66. ... 111 Cent Lou 3% 53 . 1043 High. Low. Close. 6315 6315 63% 10034 10034 10035 8135 80 80 87 865 87 109% 109 109 11234 11236 1124 123 1% 112 166 162}4 1624 . 1104 11034 11034 72 MY % 1064 106% 106 3 35 35 99 98Y wslg 116% 1161 116} 114 1y 1My 11034 111 18 113 18 33 33 10435 10434 9 97K 9T 97% 106 106 1021 102% 10834 1023 10534 10534 6l 76Y4 116 115% 88% 88% 88 88 8815 8815 9915 10334 103§ i 106 994 1163 1204 1025 108% 10534 7734 116% 9034 1084 1108 i 107, 1043 93 104 1084 1051 951, 1053 1055 10534 108% 105 1064 ng ot us n2z s 9135 91 914 10434 1043 10434 108% 104 . 104% 6314 1064 106% 10515 1073 109% 41% 3914 10434 11534 17034 1% 91} 913 1057 10574 106% 883 883 845 8434 841 84§ IOBK 1054 1053 104% 10434 1043 1028 1028 1025 108 108 108 1634 75 176% 8134 811 815 175 16% 16% 17 16 164 o O a5 102 102 102 10535 1063 106% . 1043 1043 1043 1087 108% 103% 1064 106 1064 104% 1043 104} 11634 116 116% 1083 108 108 1163 1153 116% 107 107 107 1073 107 107 1143 1143 1143 18 17% 118 10% 10% 105 10035 993 993 10274 10274 102% 9% 9% 99K 12534 125% 12634 93 y8 93 102} 10214 102§ 52 61y 61y 82 314 31% 81 8 81 | NatR M 4% ICC&StLNO6s’63__. 111 Steel deb 4 %8 ’:: Int Agr cl bs * 1003 10035 100% Int Cement 161 150 150 83 33 83% int Hydro £ Int Mer Maris int Pap 1st 6847 A_. int Pap ref €s ‘66 IntRyof CA 6s"41.. Int Ry of CA 6%8s47. Int T&T cv 43339 Int T&T ¢%8°63 Int T&T 68’55 Towa Cent 18t&rféss1 Jones&L St] ¢ % #'61A. Kan C So 1st 38 '50. Kan CSorf 1 ms‘ lom mu 99 81% ao;( sou 7 693 69 45 18% 8% 875 87 8 104 104 104 84} 98} 98% 974 95)4 9Bl§ 10935 109} 109} 10334 10334 10334 1621 162} 162} 111K 1113 1113 64 64 Kings County El & Pw pur mon Kresge Found ¢s Laclede G 6%8 '63 C. Lake E& W 1st BI'IL Lautaro Nitr Lautaro Nit 106% 10534 106% 104 104 104 5 115 % 1% 993 993 99 10436 104 10434 9y 91 91 103 108 103 685 674 68 74 13 4 81 814 81 18534 135% 13534 10035 1003 1003 108 106 106 12434 12436 12436 1344 184} 134} 98% 9Bls KIS 97 963 96% 103 103 103 1094 10935 1095 107% 1075 107% LV NY 1st 4846 gtd. LVN Y ¢%s40 gta. Leh V P oon 48 2003 Loew's 3345 48 Long 1sl unif 4s°49. Lorillard 6851 _____. La&Ark6s'69 . ___.. L & Nash 3%#2003___ L&N 1st4s2003_____ L& N unif ¢8°40 oo L&N 4%82003C. McCrory Stores bs McKess&Hob 68 °50. 1044 MeC RRclt 4845 A __ 104} Me C RR gD ¢ 48'6UA. 80§ Manat Sug T%s ‘42 Man S 1st 74 8'42 ctfs Marion St Shov 6 Mead Co 68 "¢5 - 106% Met Ed 18t rf 438 °68. 1083, Mex Int R 45 .7 Mu&x&sl.n 1. 104 MIIER&S Lrf 68'T1. 10474 Mil No 1st 4158 ’ex 39 92 Mil & Nor con 43839 87 Minn & S L rf 4 MStP&SSM cn MStP&SSM 6%s ‘T8 Mo 111 68 ‘59 Mo Pac 68’78 G Mo Pacific 68 80 H_. Mo Pacbs ‘811 Mo Pactfic Mob & Ohio 68 Mob & O M div Mohawk & M ¢s ‘91 Monong Pub S 434 8'60 107} Monong Pub Sve 68’65 108 Monong Ry ist 48 60. 111%§ Mont Pwr ref 68 *43__ 105 Mont Tram 6s°41____ 104 Mor &Essex 33482000 964 Morris x 434°65 43, Mor & Essex 68 55 1013 Nashv C&St L 4818 __ - 97 Nat Dairy %8 ‘6] ww 10615 NatDis PC43%48'45 1051y Nat R M 18t 4 3% Nat R M 4s % 3% 1064 12534 107% 9434 57 Nat Steel 48 ‘66 New E T&T 1st 6 New Jer P&L New Or GNR New Orl P S 6862 A_. 100% New Orl P86s°66 B . 100 New Orl Ter 18t 48’53 100 New Or T&M 4148 56 47 New Orl T&M 68 "54 B 4815 New Orl T&M 638’64 5014 N 4 Befs. 48 t 34897 104% N ¥ Central 3% s ¢6__. 102%4 N Y Cent con 98 . 104 N Y Centrf 48 2013. 937 NYCrfake2013n__ 9% N Y Cent rf 6s 2013 N Y Cent cvés'ss NYCLSh3%s'98 __ NYC&St L 1st 48 °37__ 10235 NYC&St L 4%878 .. 92% NYC&St L6%s T4 A_ 101% N YChi &St L és'38_ 1004 10034 1104 97 disref 33 s '66.. 1 H&P bs '48_. NY Rys inc NY Stem 1 NY Steam 1st NY S&W 2d 4%s 37 NY S&W 1strt 68 '37. NY Tel zen ¢%s ‘39 North Am Co 68’61 . 106% North Am Ed 68'57 A. 104 North Am Ed 6869 C. 105){ North Am Ed 5%8 "63. 104% Nor’'n Pac gen 33 2047 8134 Nor'n Pac 48°97 . ___ 111% Nor'n Pac 047 C_. 109} Nor'n Pac 53 2041 D__. 109 Nor’n Pac 68 2047 North Sts Pw North S P 1st North Sts Pwr 5 10834 1083 Nor'n Sts Pw 6s ‘41 B. 10375 103% 108% Ohio Bdison 48 *65. . 10675 10634 10634 Oreg W RR & N ¢8°61 106 106% 106% Otis Steel 41 ... 1013 101 101 PacG& B3%s 61 .. 107% 107 107 PacG & E4s’6e. ____ 110} 109 109% B 106 105 105 493 49 493 109 108 1z 12 10534 10634 10834 10334 Paramount Plo 68 '65. 10034 100§ 100} Park-Lx 6%s '53 ctfs. 39 Penn Glass & S Penn P & L 43881 Penn RR 33 8'44Dasst 10735 1073 1073 Penn RR3%8'70C 102 101% 101% Penn RR 43881 D__. 110% 110} 11034 Penn RR 438’84 Peoria & E inc ¢s '".. 16 14% 16 Pere Marq 1st ¢s’86__ 100 100 100 '66_. 105% 105% 106 _—- 10634 106 10634 1 lM’( 104% 104% 10934 109% 1093 | PCC&St L 4% 88 88 88 11034 11034 11034 88 86% 87 34 1045 m% Ml% lfll/‘ IN!( l‘fl( l.fl( L) 8 Pitts&W vuv.-'too 98} 93 98 Port ArC&D 6853 B mn 10536 108% DAY, DECEMBER 21, 193 ELEGTRICAL GO0DS CONTINUE TO GAIN Demand Undiminished for All Types—New Peak in 1937 Foreseen. Ezecial Dispatch to The Star. NEW YORK, December 21.—Going shead at a faster rate than many other industries, the electrical supply trade at the close of the third year of constant progress is confronted with & rapidly widening use for its products as 1937 is entered, according to a survey by Dun & Bradstreet, Inc. “In spite of the new peaks estab- lished during 1936 by sales of refriger- ators, ironers, washers and electric out- put their extension next year is fore- seen. Plans for new building work have been set to a higher objective, rural electrification is expected to make more headway and industrial re- quirements will be more numerous as operating rates expand. “Wholesale distribution for the first 10 months of 1936 was at a six-year high, having advanced 30 to 55 per cent from the corresponding 1935 sho®ving. Conservative estimates now place wholesale sales for the entire year at 40 per cent more than in 1935, when the Bureau of Foreign and Do- mestic Commerce reported $16,287,000,~ 000. This would lift the 1936 total to $22,801,000,000 for the wholesale distribution of electrical goods, includ- ing electrical appliances, radios and refrigerators. It would mark the third successive annual increase, after four years of decline. “Utilities have prepared expansion programs for 1937, several major sys- tems planning to spend 30 to 100 per cent more than this year, when around $300,000,000 was expended. Prices, which started to rise in September, have prevented the margin of profit from being commensurate with the rise in sales, and have hampered manu- facturers in setting quotations on first- quarter deliveries, Collections have been good.” MARKETS TO BE CLOSED. CHICAGO, December 21 (#).—All Chicago security and commodity mar- kets will be closed Christmas day, and in most of them business will not be resumed until the following Monday. The Board of Trade, however, will have its usual shortened trading ses- sion Saturday. It was expected the Mercantile Exchange would be open, although officials have made no defi- nite announcement. High. Low. Close. 10614 1054 1064 11634 11434 1143 1153 115 116 104 1033 104 106% 10614 10674 109% 10934 109% 98¢ 981 98Y Republic St1 434, 98% 9Rl{ 98)4 Republio Stl 4%8'60_. 129 125 125 Revere Cop 4348 °56... 1068 105 105 Richfleld Of) 6s 44 _. 69 58% 583 Richfield O 6s'44 ctfs 59} 5845 G5Bl Rutland Can 4s *49 28% 28 28 Rutland RR ¢%8°¢1_. 33} 32 334 Saguenay Pw ¢ mdv. 10434 10435 St Jos & Gr sl 484 St L IM&S R&G ¢» "33 StL-SFran4s’S0 A_. St L-S F' 4850 A ctf St L-S Fran 4%s "8 _ StL-SF4%s’78ct ot St L-S Fran 68’50 B _ St 1-S F 68 ‘50 B ctfs_ StLEW uu-’n. E Pure Ofl 4% 8°50 xw _ Pure Of1 4% s ‘50 ww_ Pepub Steel 4% Schulco 6%s *46 B stp Seabd A L ¢ 50 stp__ Seabd A Lret 43 59 Seahd A L rf 16% 1534 1034 1734 16% 1234 1234 mu u3 13 100 99% 9935 6 69 6 102 1013 1013 10634 10635 10634 108 108 108 10634 10634 10635 1008 100 1004 Seabd A Seabd A L » Sharon Stlev 438 51 Shell Undeb 3 Stlesian Am 7a Skelly Ofl 48 '51. Socony Vac 348’6 South Bell T&T b8 "41. So Colo Pwr Sou Pacific 3 So Pac col 48 So Pao re: So Pac ¢ u m: m( 9834 93! So Pac (Cal) 5s°37___. So Pac Oreg ¢ %48 77__ So Pac 8 F' T So Ry gen ¢s So Ry b= '94._ 10334 10834 10334 9935 9835 98y 10834 108 108 ™ 1K 1Y% m m 995 99) 99K 10134 101 101 933 93 93% 10134 10134 10134 10935 1093 10934 Southw'n G & E 45 '60. Spokane Int 68 *5! Stand OfI NJ 88 Studebaker cv 10534 10534 10636 12134 12134 1213 10434 1043 10435 10034 10035 1004 K Symgn G&G'568 xw__. Tenn Cent 63 ‘Tenn El Pw 68 Term As St L 4 108% 108 106 106} 1054 105% 107%4 1074 10734 10734 1075 10734 69} 6734 673 1013 10134 101% 38 37 3736 | Sel 106 106% 10875 120 2NY 214 214 108 Texas & Pac 6879 C_. Texas & Pac6s'80 D_. Third Ave ref 4s 60, Third Ave 1st 53 °37__ Third Avdd in ex 6s'61 Toronto H & B 48 °46._. Tri-Contl Corp bs *53... Un EI Chicago b8 "5 Un Ol Cal 4847 .. 43 121% 121% 121% 1003 100 100 e 1143 1143 114% 10934 10934 109}§ 108 10734 10734 1025 102) 1025 Un Pac 4847 reg. Un Pac 1st rfds :ool.. United Biscuit §s ‘50 United Drug 68 ’63. United Rys Si Lés'3é U 8 Pipe&Fy l%- - 106% 1063 108% 10835 1083 1083 €65 663§ 651 66} 66)5 66l5 973 97 97 3255 3136 32 10935 10935 10934 10635 1065 10835 9% 6! UtIP&L6%s '4'—.._ Vanadium cv 6861 Ver Sug 1st 78 °43 otfs Ve B& P 1stref 4966 Va valn '?l S A ibash 438 78 ‘Wabash nfl 8 ctts_. Wabash 24 68’39 Wabasb %8 *76.. Walker H&S ‘Kl"l 109% 109 109% 109 109 109 9 98y 8y 1063 10834 1083 | 1 Westn NY&P gn 48°43 111 111 111 West'n Pao 5846 A West'n Pac 6246 A as 33 0. 111% 1115 111% 1085 1063 1083 10835 108 108 - 10155 101% 101% - 1087 10814 10834 1129 1125 112% s s1% 82 WisCSADTrmés’36 18 23 123 Y'ngstn SAT 3%8 %1 1393 197} 12734 Tngsts SAT 4’81 10635 104 1043 Wilson & Co ¢s 56 1u1a( mm lo1x Ea 35 9sig | E - 11136 1113 1134 | M 10434 1043 | N ¥ 1193 11934 | S 1055 1083 106% | SPen ORDERS INCREASE AT LUMBER MILLS New Business Advances Further for Fifth Con- secutive Week. The lumber industry during the week ended December 12, 1936, stood at 55 per cent of the 1929 weekly aver- age of production and 56 per cent of 1929 shipments. For the fifth consecutive week, re- ported new business increased over the preceding week. These orders in the' week ended December 12 were more than 50 per cent above production and shipments, which are still restricted by the mari- time strike, National production reported during the week ended December 12 by 2 per cent fewer mills was 3 per cent below the output of the preceding week; shipments were 4 per cent below, and new orders 5 per cent above that week, according to reports to the Na- tional Lumber Manufacturers’ Asso- ciation from regional associations cov- ering the operation of important hard- wood and softwood mills, Reported new business during the week ended December 12, 1936, was 52 per cent in excess of production: shipments were 4 per cent below and put. Reported new business of the previous week was 42 per cent above production; shipments were 1 per cent | 5 above output. Production in the week ended De- | cember 12 was shown by all reporting | G mills (handwood and softwood) 3 per cent below the corresponding week of 1935; shipments were 16 per cent above and new orders 50 per cent above shipments and orders of the cor- responding week last year. During the week ended December 12, 857 mills produced 199,787,000 feet of hardwoods and softwoods com- bined; shipped 198,511,000 feet; book- ed new orders of 304,597,000 feet. Re- vised figures for the preceding week were: Mills, 601; production, 205,039.- | 000 feet: shipments, 207,843,000 feet; orders, 291,102,000 feet. | Brentano Profits Expected to Show Large 1937 Gain Special Dispatch to The Star. NEW YORK, December 21 —Esti- mates of an increase of 50 per cent | in the profits of Brentano's Book Stores, Inc., for 1937, and the acquisi- | tion of the firm of Jacobs & Co., oldest | book store in Philadelphia, were re- | vealed today in an announcement | made by Stanton Griffis, chairman | Real E of the board of the Brentano Corp. Gross sales for the fiscal year end- ing May 31 amounted to $791446 in 1934, $945267 in 1935 and $1,100,967 in 1936; while net profits in 19036 amounted to $40,947, equal to $3.81 per share of class “A” stock. The increase in earnings anticipated by the company are due, Mr. Griffis stated, to the recent decision of the Supreme Court upholding the right of manufacturers to determine and maintain the sales price of their products. Price cutting, especially as it has been done in the larger cities, has been one of the most serious features of the book trade. The Brentano stores actually sold more editions of “Gone With the Wind” in Washing- | ton, where there was no price cut- ting between retail outlets, than they did in New York City, where a price- cutting war raged on this item. e INVESTING COMPANIES NEW YORK. December 21 (P — York Security Deaters' “Association. T TT Admin Pd 2d_In Am Business Am Gen Eq I Am Ins Stocks Bancamer Blair Bank Group Shrs Benkers Nat Inv Corp. Basic Industry - road St Inv. ullock Pund _ rporate Trust Corporate Trust Corp Tr A Corp Tr Acc Mod Sumuiative rr Sh Depos Bk “sh Asked. 20, Fixed Trust Plled 'husl !h B und Tr Sh 23551 Sec’ Agriculture Sec” Aufomobile ine Group Sec Chemicns - Group Sec Group Sec Tnyest shrs Group Sec Merchandis Group Sec Mi Group Sec Fetroteum Group Sec Group Group Huron Holding - Incorp Investors Insurance Group Keviton Cost Fund ston Cusi Mol 2 A L AL e D D ELEEF S RDRERE S e 4 T_Shrs. North Am !ond 1‘r Tetts Nor Am Tr Sh: Nor Am Tr !h ]fifi'i Nor Am Tr Sh 1056 Nor Am Tr Sh 19 Blymoutn Fund Tne Qlllnerly Income Sh. snna Super Super Super 423 53 000 30t i 1 1t 1 D SABIRBS AR ASRS 9925 9934 | 4 Super Trusteed Indust Wellington Funa”_ o0® FEDERAL LAND BANKS :f' YORK, December 21 (#).—Federsl Land Bank bonds: U. S. TREASURY POSITION. By the Associated Press. Thl ltlon of the Recel 5T 044 10; ok mdltum 8, 11'5’1 65?.454 balance, $1,- ek énsz"'gg" RN d mogi, ” or ihe"fizcal sear ince July .354.78; e ditures, maw"'"u"n 3 i o .u‘v 7188! (08450, .00 ot emergen: $34, 505, 03 330, £y g IM’JB.IM under the previous day; gol :nn& $11,225,809,402. 70 MONTREAL SILVER. b‘ “ ‘?fl lnur -ren. 40 50b: May. |t 20.40a41; May, FINANCIAL., Lockheed Orders Rise 400 Per Cent Above 1935 Level bpecial Dispatch to The Btar. LOS ANGELES, December 21— Representing a 400 per cent increase over business on hand a year ago, the current backlog of unfilled orders on the Lockheed Aircraft Corp.'s books as of December 12, totaled more than $2,250,000, Robert E. Gross, president of the company, reported. This is the highest backlog recorded by the company since its incorpora- tion in June, 1932. “European conditions have been responsible for a decided stimulation in sales during 1936, Gross said. “A number of foreign countries are placing orders with us and indications point to additional business from this source in 1937.", Washington Exchange SALES. Riggs Bank com.—1 at 322. American Security & Trust Co.—10 at 285, AFTER CALL. Washington Gas 55 1958—$500 10815. Capital Transit Co.—10 at 1315. Washington Rwy. & Elec. 45—8$1,000 at 106%4. Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer. Tel. & Tel. 4’25 Anacostia & Pot 5 na S F T SN Capital Traction . R. b City & Suburban 55 _ st at o . Gas 55 1058 _ | Gas 55 1960 h. Rwy, & Elec. 4s__ _ MISCELLANEOUS Chevy Chase Club 5! 102 Col. Cnumrv Club 5125 5 100 W. M. Cold Storaze 55 ___ STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)_ .. Gepital, Transit. Co. Com. & Savings (a8) Liberty (4 Lincoln (16 Nati. Sav. Prince G Riges (X)_. Riggs pfd_ Washington Wash, Loan & Tr. (%) FIRE INSURANCE American (6) TITLE mstnmc! Columbia (30 Real Estate () __ \sc:mm:ous Carpel Corp. (1.60) - m—on Lanston Monotype (317 ____ Mergenthaler _Linotype (- Pecple Drug 8. com. (1.00) Pecples Dr St 0) Ref & Wi wd. & Loth. com. 1 Wdwd. & Loth. pfd. (7). *Ex dividend. Plus_extras 5. 1936 Nov. 50c paid Aug. | 16. 1936, : (45¢ due De- | RUBBER FUTURES. NEW YORK. December 21 (® —Crude rubher futures opened steady. unchanger 0 1 lower. December unquoted: March, | dollar of sales. EARNINGS VARY INMEAT INDUSTRY Swift & Co. Reports Lower Net as Cudahy Profits Show Huge Rise. By the Associated Press. CHICAGO, December 21 —Swift & Co. reported an 18 per cent decrease in net profit for the 1936 fiscal year, which ended October 31. At the same time the Cudahy Packing Co. reported a 49 per cent increase in earnings. ‘Thus two of the four big meat packing concerns showed widely di- vergent results of operations in an unusual year in the live stock and meat industry. A third, Armour & Co., has announced net profit was some- what in excess of the previous year, but has not made public the details. Wilson & Co. has not issued any state- ment. Swift's net profit was $12,103,750, equivalent to approximately $2.02 per share on the capital stock. This come pared with $14,767,302, or $2.46 a share, the previous year, which was the best profit the company had in | seven years Sales increased sharply from $767.- 227,000 in 1935 to $831,671,748 in 1936, largest since 1930, G. F. Swift, president, said tonnage was the greatest the company ever had, in- creasing 7.4 per cent over last year. The report disclosed that BSwift made no reserve for inventory price | declines as has been done the past three years. Instead, the reserve was left unchanged at $16,767,000. Thus the full net income was carried to the surplus account, which, after payment of dividends, left a surplus of $77,- 920,841, compared with $70,129,153 a year earlier. Swift said the company’s earnings were equivalent to 146 per cent per The previous year's profit equaled 1.92 per cent per dollar sales. Cudahy’s report showed net earn- ings of $1,815613, equal to $2.65 per | share of common stock after provision for preferred stock dividends. This compared with $1.211,073, or $1.35 a common share, the previous year. Sales rose from $180,218,000 to $201,~ 605,000. STEEL QUOTATIONS. ™ NEW YORK. December 21 (P —8teel b. Investments First mortgage notes, 67 servatively raised, new buildings Washington and near= $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly 40 Years 2031, . NEW YORK BAR SILVER. NEW YORK, December 21 (#)— Bar silver steady and unchanged from Friday, December 18, at 45%,. First Mortcace Loans District of Columbig— Homes On Washington Real Estate Current Rates and Courteous Treatment 'Ptg';gfl Rumel G L 57.!!' Nw. HOME LOANS to build or refinance INTEREST 5 % low as PAYMENTS e lowas as per $1,000 COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. MONEY TO LOAN ON REAL ESTATE at 50/0 Monthly Payments if Preferred 6||r Real Estate Officers Invite You to Confer The WASHINGTON LOAN AND TRUST COMPANY Nearby Maryland — and /irginia— Aportment55 % | Business Properties Terms from 3 to 15 Years Also Monthly Peyment Loans Randall H. Hagner & Co. Incorporated MORTGAGE LOAN CORRESPONDENT New York Life Insurance Co.. 1321 Conn. Avi For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly enf 949 NINTH STREM, NW. 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