Evening Star Newspaper, December 23, 1936, Page 19

> FINANCIAL. CORPORATE BONDS | BONDS ON GIVEN SUPPORT Rail and Convertible Issues Score Largest Gains, U. S. List Mixed. Bond Averages ¥ +.1 1.8 .7 1.2 69.5 12.0 67.6 70.4 20 10 10 Rails (ndust Otil. Net change. +.1Unc. +.1 ‘Today, noon 96.8 103.9 101.9 Prev. day--. 96.7103.9101.8 Month ago- 96.8 104.1 102.5 Year ago-.. 85.6101.7 99.4 1936 high. 97.9104.4103.1 1936 low... 8691018 99.3 1935 high... 8781022 99.8 1935 low.... 76.4 922 845 655 1932 low.... 458 40.0 64.6 422 1928 high...101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ..._113.2 Prev, day. 113.1 Month ago 113.3 Year ago. 110.1 1936 high. 113.5 1936 low._ 110.2 1935 high. 110.7 1935 low.,_ 107.9 1928 high. 104.4 1932 low.. 8638 (Comptled by the Associated Press.) BS the Assoclated Press. NEW YORK, December 23—Do- mestic corporate issues found support on the bond market today while United States Governments idled at slightly uneven prices. Rail and industrial convertible obli- gations made the most marked ad- vances, although numerous other scate tered loans stood considerably higher late in the session. St. Paul 5s and New Haven 6s were among the fastest rising company in the carrier quarter, the former gain- ing 1 point or so and the Ilatter nearly 3. 1. C. C. APPROVAL ASKED FOR C., B. & Q. ISSUE| BS the Associated Press. The Chicago, Burlington & Quincy Railroad Co. asked Commerce Commission today for authority to issue and sell $7,080,000 of 2 per cent equipment trust certifi- cates. With this and other funds the com- pany plans to buy new equipment costing $8,861,300, including 1,000 steel frame box cars, 250 automobile cars, 250 hopper cars. 1,500 gondola cars, 100 flat cars, 300 refrigerator cars. 150 stock cars and 10 locomo- tives All the new equipment will be built by the railroad and its subsidiaries, the request said. —_— ARMCO TO CONSTRUCT NEW BLAST FURNACE By the Associated Press. MIDDLETOWN, Ohio, December 23.—The American Rolling Mill Co. announced it would construct a new blast furnace of 500 tons' daily ca- pacity at its wholly-owned subsidiary, the Hamilton Coke & Iron Co. of Hamilton, Ohio. With a furnace of 700 tons' daily capacity which was modernized last Summer, the new furnace will give the Hamilton company a capacity of approximately 1,200 tons of pig iron a dav. Calvin Verity, vice president of Armco, said construction would start this month. FLUID MILK SALES DECLINE IN NOVEMBER Bs the Assoclated Press. NEW YORK, December 23.—Daily average sales of fluid milk in Novem= ber decreased 2.73 per cent from Oc- tober, the monthly report from 133 leading markets to the Milk Industry Foundation shows. November daily average sales totaled 6,217,463 quarts, compared with 6,392,141 quarts in October. BONUS IS ANNOUNCED. AURORA, IIl, December 23 (P).— The Western United Gas & Electric Co. announced its employes would re- ceive a Christmas bonus, and in addi- tion pay increases averaging 21: per cent, effective January 1. The bonus will approximate 2'; per cent of each employe's annual salary. DIVIDENDS ANNOUNCED NEW YORK. December 23 — Dividends deciared (prepared by the Standard Sta- tistics Corp.): Extra, Pe- Stk. of Pay- Rate. riod. record. abie. Hershey Choc $4 cv pf_S1 3 Lerner Stores B0c Bignal Royalties A 8teel Co. of Canada ord Woodward & Loth. Y Amer A Resumed. J. B. Stetson Co. 50¢ - Initial. Fairchild Aviation 15 Increased, Oollyer Insulated Wire. Mig 7 pf_ Botham Sk 1 Pum Sound P & L 5 pf ) lerond Natl Invexmn 5 $16.60 . 12-30 _ Regular. Am Chain 5% pf___$1 Calif Pack Carolina cli Cllnch & omo cudahy Phck Edison El Tilum | anwn $2 s & Ins Hersney Ehoe Corp do. $4 cv of - Lane Bryant 7 Lerner Stores' McCall Corp Read Signal Rlzyll'.\!l A Telautograph Wosdward & Loth. do. 7% of 21909, 11319194 EITITI. BhHLLLL =ODD!JI)DQOQDD D00000p0 BEacen> -, FREIGHT LOADINGS. NEW YORK. December 23 (#.—Revenue ght carloadings on raiiroads repol’tihl yd for week ended December 19 in- Week Previous Last eek. year. Pennsylvania _. . 110.196 |1>' fl"n 87.307 New YorkOeniral 91,071 91.020 71467 Take Erle--- " 14.141 9.170 Burlington _ - _26.557 21,046 MONEY MARKET. NEW YORK, December °3 (#).—Call money steady: 1 per cent all day. Prime gommercial Baper, % per cent. Time loans steady; din-fl month- 1% ver cent offered ers’ acceptances un- changed. fuducollnt rlt!. lle' York Re- serve Bank. 1% per cel clug 13.91 27.70; MONTREAL SILVER. O AL Desembet T foner s Do en easy, ki e‘@f:{c"r ”unoh, Sudten, 05500 May. {5650, B—Bid. NEW YORK BAR SILVER. NEW YORK, December 323 (&)~ Bar silver easy, % lower at 44%. ts the Interstate | By private wire direct to The Star, Approximate Transactions Today. High Low. Close. 100.30 100.26 100.30 106,8 1064 1068 103.29 108,28 103.29 102,20 102,18 102.20 1029 1029 102.9 103.26 103.21 108.26 107.21 107.19 107.20 105,80 105.28 105.30 108,19 108,18 108.19 107.30 107.30 107.30 108,23 108,23 108.28 109.21 109.19 109,19 108.26 108.24 108.26 107.24 107.22 107.24 110,16 110,12 110,12 1147 14,7 1147 115,20 115,18 115.18 4% 8-3% 8194 10920 109.19 109.20 4% 9194752 121,11 1218 1218 FEDERAL FARM MORTGAGE. 381947 105.16 105,14 105.16 351949 __ 104,29 104,29 104.29 31964 105.27 106.27 105.27 HOME OWNERS' LOAN. 348 1942-44 102,19 102,19 102,19 2%81939-¢ 102,21 102,18 102.21 381952 104.18 10416 104.17 FOREIGN BONDS. Bih. Low. Close. 9% 18% 6% 2534 2644 18% 18 173 18% 14% 141 145 10214 10214 . 102 10284 10234 10234 10234 10234 102'¢ 10234 1101 109%; 10835 16 225 234 23%, 23% 38 38 314 4 6 8215 8% 851y 101 Iil 1945-47 e 2%01948-51.... 2%s llfil-i‘.._,. Hfi- 1940-48 June %8 1943-47 - 3% 1946-5 43 1944-54 ADitibl Pa&Pw 63 ‘63 Adriatic Elec 7s°'562.. Agr Mtg Bk Col 68 '47 Febr coupon on Agr Mtg Bk Col 68 *48 April coupon on Antioquia 7845 A ___ Antloquia 78 45 B Antioquia 78 45 C. Aftioquia 7s 45 D Antioquia 1st 78 ‘67 Antioqula 2d 78’57 new Antioquia 3d 7s ‘57 Argentine us 6% 14y 10235 102 1023 10214 10215 102 102% 10234 1024 102 10y 109% 10815 Argentine 6s Bl B Argentine 6s ‘69 June Argentine 68 '59 Oct Argentine 68 ‘60 Sept Argentine 6s ‘60 Oct Argentine 6s Argentine 6s 61 May Australia ¢3% Austral Australia 6s '§7 Belgium 6 Berlin 613860 _ Berlin Elec 68'65. . Berlin Elec 6%s Berlin Elec 6% Brazil 6348 2 Brazil 6%s 2757 ____ 2 Buenos A C 3884 _ Buen A ¢%s-4%s'75_. Buenos Aires 4%s-3%8°'77 Py Buenos A 6s '61 st Pv_ Buenos A C 618 ‘65 _ Buenos Alres 4%8-4%8'76 April. 79% 10144 11414 11034 16% 163 164 163 Chile Mtg Bk 6; Chile Mtg Bk 648 67, Chilean Mun L 78 '60 Chinese Gv Ry 5851 Colombia 63 61 Jan _ Colombta 68’61 Oct _ Col Mtg Bk 7846 Cuba 6148 45 Denmark 4348 62 _ Denmark 5%s ‘55 Dominic 18t 6%s *40__ Deminic 2d 6%s'40... Estonia 7867 Finland 6345 Frankfort 638 '53--_. Ger C Bk A 63 Ger Gen Elec 63 Ger Gen Elec 6 %; Ger Gov b8 65 st Ger Gov 6% ‘65 un st Ger Prv & City Bk con Ag 638 '58 Ger Rep 7849 stpd __ Ger Rep 78 49 unst _ GriC El Jap 6%5s '50 Greek Gov 68 68 Helsingfors 61860 Hung “on M AI‘AG Hung L M 7% Hung L M T%s 'Gl B, italy 78 51 1talCrd P W 7847 B ital P U Crd 7s 53 Japan 6% s '66 Jupan 6348 6 Kreus&Toll 53 ‘69 cf: Medelin 6%s ‘64 Met Wat 6%s°60__. Mex 43 °10-'45 asst __ Mex 48 °10-’45 asst sm Mexico 45’54 Mex 48 54 a Mex 55 *45 asst 15 Mexico 5545 as sm_. Mex 8f 63 *45 asst Mex 68 '33 asst ige. Mex Ire 414s ‘43 asst. Milan 6%s 52 Minas Gers 648 58 Sept coupon oft___ Montecatinl 78 "37._.. Nord Ry 6% Norway 4% Norway 4% Norway 68 '63 Oriental Dev 5% '68_ Oriental Dev 63 63 Panama 68 '63 stp Panama 5%8 '63 Paris Orl Ry 63 Pernambuco 78 '41 Sept coupon off ____. Peru 63 60 40 Poland 8s Perto Alegre 7348 66 21% 214 18% 233 113% 113% 28% 28} 213 22 i = 2 23 68 68% 223 4% 2834 9335 2% uh uh 68 10 72 ] 6834 6935 22% Aug coupon oft Rio Gr do Bul 6s °¢8 June coupon of Rio Gr do Sul 78 67 June couponoft ... Rome 6%s ‘62 Sao Paulo C 6%s *§7 May coupon off __.. Sao Paulo C 88 '63 coupon off Sao Paulo 8t 6 'l‘ July coupon off ___. Sao Paulo St 78 40__ 8ao Paulo St 78 &6 Sept coupon off ... Paulo St 88 50 July coupon oft Saxon St Mtg 6% 5 °46 Stiesia Prov 7s '68 Taiwan Elec 6%s "71_ Tokio b%s "61 e Tokio B L Ltd 6s°§3.. Uy 2834 9834 1% 2934 2 4834 6 10 2 6834 6935 Westpha) El Pw 68’63 22% DOMESTIC BONDS. Adams Express ¢3 fl 104% 1045 1045 10534 10634 10634 118) 112% 112 u2 11t 16734 16534 167 11054 110 110 18 12 12 73 13 18 106 1063 108 36 35 36 10436 10434 10 Am Wat Wks 6» 76 Am Writ Paper 68 ‘47 Am Writ Pa 68 '47 efs Anaconda deb 4 s '50 Anglo-Chil Nit 78'67. Ark&MB&T Armour & Co ¢3%8°39. Armour(Del)1st ¢'5b Armstrong C’k ¢s '50. A T&S Fo gen ¢» "I AtIG& W | 6s'S Atl Refining deb 6s '37 w Ld -] DPOWEEEED (LI T 11 1T] 000090000 BellTof Pats 43 B Bell T of Pa b8 '60 C. Beth Steel 3%s '66. 6 . Bos & Me 69 "67 Boston N Y A L ¢s°66 Bot Con M 6348 34 Bot Con M 6348 '34 ct. Bklyn Cy RR 68 *41 Bklyn Ed con 3% 8’68 Bklyn Man T 0% 66 Bklyn Queens C con 68 *41 Bklyn Un G '50... Bkivn Un El 68 '60_ Buff R&P con 434867 Bush Term con 6s ‘66 Bush Term Bldg §s '60 By-Prod Ck 6 %8s *45 Calif Packing 68 40_._ Camag 1842 ot Can‘dian N R 4%s *65. Can diar N b8 Can’'dlan NR 68'70 _. Can’dian N db 6%s'46 Can‘dian P db ¢s Can‘dian Pac ¢ Can'dian Pac ¢ Can‘dlan Pa w__ Cent of Ga con 6s "45_ Ceutof Ga 68'59C . Cent of Ga rf 6%s 59 Cent Ga MG&A 5s'47_ Cent Ga Mobile 5s '57_ s entill L& G 68 61 Cent N England 4s 61 Centof N J 4s'87 LCent of N J zen 6, Cent Pac 18t rt Cent Pac 68 60 3 Cent RR B Ga 6537 rt’a deb 6% s ‘48 _ “herap Ccv bs ¢ Chesap Corp b8 47 __ Ches £03%3'96 D__. Ches & O 3345 96 E 49 CIlBlQr‘fb 1 Chi B&C 1div 334849 Chi B&Q ) div 48 '49__ Chi& E L6351 Chi & E [11 58 °51 ctfs._ Chi Grt West ¢s '69 Chi Ind & Lou 43 "47__ <hi 1 & L gen 68 '66 Chi Ind & L en 63 66 CM&SLP 45 '8Y CM&StP gn 4%8 89 C CM&StP4%48 89 B __ s'89 _ CM&SLP 68 '76 CM&StP&P ad) 652000 Ch1 & NW gen 3145 '87 Chi & NW 4348 2037 Chi& NW 4148 2037C Chl& NW 43849 Chi & NW gen bs "87_. Ch' & NW rf bs 2037 C&NW Nr W 36, Chi Rys 1st 68 Chi R 1&P rf 4834 _ Chi R &P rf ¢s ‘34 ctt Chi R 1&P gen 4%'88 rg Ch1 R 1&P 448 ‘62 Chi R 1&P 438 '62 ctf Chi R 1&P 4348 ‘80 Chi Un Sta 3%s 51 Chi Un Sta 3%s 63 B Chi Un Sta 48 ‘63 Chi & W 1 con 48’52 Chi& W Ind 4%s '62_ Childs & 0 b8 43 Cin Gas El 4868 A Cin Un Ter 3%s D gtd Cin Union Term 68 ‘57 CCCaStL rt Ghl 77 |~_ CCC&St L ret Clev Un Tel 4% Clev Un Term 5313 B Clev Un Ter b%s ‘12 A Colo Fuel & It bs 70 Colo & So 43 80 Columbia G & E deb Hi 104 G_STAR WASHING ON, D. C, WEDNESDAY, DKk N. Y. STOCK EXCHANGE High. Low. Close. 98%4 igh. Low. Close. 104 104 98%§ 98} 98% 107 107 107 118% 11634 11634 1108 11034 110% 1148 114% 114% 106 10436 106 98 974 98 97% 97 9% 106 105 105 605 60 60} 83 88 83 1024 102 1024 108% 108% 105 5% 764 11634 1163 893 8934 88y, 89% 88} 89 99% 100% 10534 10634 994 9914 10834 10835 1208 120% 181 181 9834 994 106 1053 83% 83%4 8214 83 2% 28 35 35) 34 35 100 100 105 105% 103% 104 81 81 105% 10534 3, 11834 113% 8914 901 WG T4 59 102% 104% 36 116 1164 11534 1183 1187 & 1208 1213 9915 1013 3 1043 36 116 1164 & 11534 11844 121% 991§ 1005 1053 10855 881, 10875 1103, 123, 107% 105 93Y 10815 1083, 68”52 April . 106 Columbia G & E 6: 52 May Columbia G&E 63 Colum RyP &Lt 45'65 Com Inv Trust 3 ;8'61 Cons Coal Del 68 '60 Cons EA NY 3%s'¢6n Cons Gas N ¥ 4%s ‘51 Coneol Oil 338 '51 Consum P un 3%s 65 Cons Pwr 3348 °70, Container 6s 46 _ Crane Co3% CrownC &S ¢ Cuba RR 1st 68 52 1 ‘80... x Cuba RR ref 73%s '3 Cuba Northn 6%42. Del & Hud ref ¢s 43 Den & R G ref 63 '78 Dul & Ir Rg 68 '37 Dul SS & At 6837 Dugquesne Lt 3%s '56. East Cuba 8 7%s 37 i Cuba 8 7%s 37 ctfs Eriecv4s'53 D__. krie con: L,___ Erie gen 4596 _ceeee Erieref 68 87 —cceee. rie ref 58 76 Erie Gen Riv 6s '51.». Farb’ks Morse 48 Fed Lt & Trac bs '¢2 ¥la I C Ry 68 "7 Fia BEC Ry 68 774 ctfs FondaJ & R 2s-48 82 ctfs Fran Sug 7%s 42 ctfs Galv H& H b%s 38 Gen Mot Acc 38 46 Gen Mot Acc3%s ‘51 Vien Nti ¢ bles 4% t300drich 63 *4b Goodyear T&H b8 '67. Great N Ry ¢s 46G . Great N Ry ¢s 46 H Gulf States Ut 4158'46 Har Ry PC 18t 48 Hoe (R) & Co 8% H'satonic con s ‘37 . Houston O1) 53, Hudson Coal 6863 . Hud & Rn ing 68 '67_ Hud & Mio ref b8 ‘57 111 Cent 3% 3’62 111 Cent col tr 4863 11 Cent ref 45 ‘66 . _.. LUICent 4%s 66 ... 11 Cent ref 53 66 (CC&StL N O 0%.’“ ICC&StL N O inland 8t 3% IntRTistrf 6 | R T 18t rf 63 °66 ctfs int R T 7s 32 ctfs interiake 68 '61 = nt Agr cl 68 *43 stp. Int Cement 4846 ___ int Grt Nr 68 56 C. int Grt Nr Int Grt Nr ad) 6363 A int Hydro EI Int Mer Mari: int Pap 1st 68 Int T&T cv %039 . Int T&T 434863 int T&T 68 85 Tows Cent 1stie? 168 161§ 3% % 120 1183 119 97 97 97 104% 10434 104% 104 10835 104 96 96 96 100% 10035 1005 . 10534 10BY 1053 1043 1043 104 117% 117 117% 10834 108}¢ 1083 107% 107% 107% 10634 10634 10634 116 116 115 116% 11634 116% 100 100 100 10434 104 10436 10435 10435 10434 3% 83§ 8734 873 nl‘ James F&Cén3Y . Jones&L St] ¢4 61A. 8. Kresge Found ¢s *45. Laclede Gas 68 39 [} Lautaro Nitr 6s 64 Lautaro Nit '54 cfs. Leh C&N ¢%58 54 A Leh C&N 4%8 ‘64 C... Leh Val Coal 68 ‘64 Leh V P oon 452008 _ Leh V P con 4%s 2008, Leh Val Ter 6s *41 Ligg & Myers 6s ‘51. Loew's 3138 '48 Long I8l ref Long Isl unif 4s 49 Long Island deb 5s'37. Lorillard 6s 61 __ ___ La & Ark 6s "6! L & Nash 3%#2003... L&N 1st 452003 ___. L& N unif 4540 _ L & N So Mon 1t 4 McKeas&Rob 6%s ‘50 Man S 1st 7338'42 ctfs Manhat Ry 48 °90 Manhat Ry 4s ‘90 ctfs. Manhat R 2d 48 2 Marion St Shov Mead Co 6s "45 Met W S ElCr 4 Mich Cent 4%8°79 ___. Mid RR N J 68°40 M1 Spa & N W 8°47_. Minn & S L rf 48 "49 MStP&SSM cn ¢s '38 . MStP&SSM 6s "38 gtd. MStP&SSM 6 MStP&SSM 6%s *78. Mo K & T 1st 45 '90 MOK&T4%s'78 MOK&T68 62A . Mo K & T ad) b8 "67__. MO Pac 486 e Mo Pac 68 65 A-eeeee Mo Pac 6877 F'. Mo Pac 6878 G Mo Pac 55 '78 G ctfs. 1 Mo Pac 5s°81 Ictfs_ Mo Pacific 6 Vob& O M dlv B' ‘1 Monong Pub Sve 68'65 Mont Pwr ref 6843 _ Mont Power bi Morris & Co Mor &Kssex 33 Morris & Essex 4455 Mor & Easex § Mutual Fuel Gas 55’47 Nassau Elec 48 51 gtd Nat Dairy 3%s'51 ww NatDis PC4 Nat R M 18t 45 '51 asst Nat R M 4s 77 as Nat R M 4% Nat Steel 48°66 New E T&T 412861 . New E T&T 18t 6853 New Orl PS 68°62 A New OrlPS6s’55 B New Orl Ter 18t 48 -u New Or T& New Or] T&) mcsrss New Or T&M 58 '56 C New Orl T&M 5= '64 N Y Central 3%s ¢6 N ¥ Cent 48 '42 - N Y Cent con ¢s'98 N ¥ Cent rf 4148 2013 NYCrf4,e2013n N ¥ Cent rf 65 2013 N Y Cent cvés'as NYC L Sh 33898 reg NYC&St L 1st 4s 37 NYEdisref 3%s'66.. N Y G E) HEP 4849 __ W oist 4878, & & & & & & & & 2 NYN)!&HCoanyl 4s°54 NY O&W ref ¢s*93___ NY Putnam 4s ‘93 NY Rvs inc 68 ‘65 NY Steam 18t 6547 NY S&W 2d 4%5 37 _ NY S&W st rf 6s 37 NY Tel gen 438 39 NY W & B 4348 46 Niag Falls Pw 3348’66 Niag Sh 638 *50 Norf So 1st ref 68’61 Norf S 1st rf5s'61 cfs Norf & W 18t 45°96 _ North Am Co 65 '§1 North Am Ed 6%s '63 Nor'n Pac gen 3s 2047 Nor'n Pac 4897 . 1053 105% North Sts Pw 4 North S P 1st 5i Nor'n Sts Pw 6s '¢1 B. Ogden L.C 4548 _ Ohto Edison 4¢s '65 Ont Pwr Nlag Oreg RR & N 4s 46 Orez W RR & N ¢8°61 Otis Steel 63 "41 PacG & E3%s 61 PacG & E 4564 Pac RR Mo 1st 4s'38 Parm Broadway 3s'55 Paramount Pic 68 *66. Penn Co 4s’ Penn Dixie 41 Penn P& L 4%48°81__ Penn RR3%s8'70C.. Penn RR 4%s'81 D_. Penn RR ¢%s '8¢ Penn RR gn ¢%s 'fl P o . Pere Marq 1st 68 '56 . Phila B&W cn 58 '74 .. Phila Co 68 '67 Phila Elec Co 411 ©hila Elec Co 4%8 *67 Phila & R C&1 68 13 Phila & R C&} Philippine Ry Pillsbury F1 M PCC&St L 4%8'77C.. PCC&St L6876 B _.. Port AC& D6s'53 A_ Port Ar C&D 6s ‘68 B. Port Gen £l 4348 ‘60 _ Prov Term 1st 5566 Pure Ol ¢ 60 ww_ R-K-O 6s°41 r Republic Stl 4338 Republic 8tl 4%s ':0 RG W 1st ex In 4839 Rutland Can ¢s 49 _ Rutland RR ¢%8 °41. Saguenay Pw 4%s StL 1M&S R&G 48 8t L-8 Fra oA St L-S F 4560 A ctfs St LS Fran 435 "8 StL-SFeys*T8ct st St L8 Fran 6850 B St L-8 F 68 '50 B etfs. St P M&M ezt San A & A Pass 48’43 San An PSvc6s 62 A San Dlelo CG&E4s'65 4 . 1063 106 - 1083 108 99 99 1043 10434 1043 34 108 10134 10134 10136 1043 104% 1035 104 4 T 1% 6734 67 673 733 184 1834 109 109 109 125% 126%4 126% 10055 10035 10034 10634 10634 10534 _ 10634 10635 10634 10134 10134 10136 12414 12445 124% 98 974 9T 9TV 963 974 1023 1024 10235 10935 109% 109% 9935 993 99% 108 104 104 80% 5334 L] 313 5014 31% 981§ - B '38.. 1025 1084 108% 108 9315 3% 9at; 10914 9514 10215 9214 101% 65 1043 10474 117% 103 9tg 108 89 9% 10934 | 17y 10815 10335 1754 163 1213 1053 104% 8134 114 10585 113 1051 103% 103% 31 106 115 13% 10674 101 107 10934 10434 10424 8114 803 111% 111 nz gy 1083 1053 1033 10335 103% 108% 83 31 115 115 113% 113§ 107 106% 101 101 107 1063 10934 10914 10234 10234 10234 1043 104% 104% 521 5114 62 5214 51 5234 I8 75 9% 1004 1003 10034 105% 106 105 99 98y 99 1054 10534 105% 10234 101% 102% 110 11085 110 110% 110 1105 1154 114% 115Y% 105 10434 1047 122% 122 122% 16% 15% 164 99 9815 99 100 1003 1003 106 129 1053 106 120 129 106 105% 105% 1043 103 108 105% 105% 106% 45l 45 4blg 2315 2234 23% 106% 106% 106%§ 12234 122} 1224 105% 105% 1053 106% 105% 1058 71 704 0% 81 81 81 cou 403 40!( o 1 se 8634 1183 116% 118% 16 116 16 103 6134 60} 613§ 9% 193 79 33 38 3835 36 1083 10335 1033 803 80} 803§ 3% 81 21% ¥ and larger | few b 4 | cars on track NUNN-BUSH SET PROFITS RECORD $360,000 Total Is All-Time Peak and $32,000 Ahead of 1935 Mark. By the Assoclated Press. MILWAUKEE, December 23.—The Nunn-Bush Shoe Co. reported the highest earnings in its history, $360,- 000, which was $32,000 more than in 1929, the previous high year. Earnings in 1935 were $286,000. Although sales were not announced, H. L. Nunn, president, said they were 20 per cent ahead of 1935. Net earpings for the year would have been larger had the company not credited $50,000 to the employes’ pen- sion and retirement fund and pald a bonus of $30,000 to its 1,300 employes. The payments were in addition to the company plan instituted in 1935, which guarantees to each worker in the Milwaukee factory 52 pay checks a year and a definite percentage of the value of every pair of shoes produced. What that percentage will be this year will be figured after the close of the calendar year. Wesson Oil & Snowdrift. NEW YORK, December 23 (#).— Wesson Oil & Snowdrift Co. reported today for the quarter ended November 30, the first in the company’s fiscal year, net profit of $1,321,701, equal after preferred dividends on the $4 preferred stock to $1.75 a common share. It was the best first quarter in the company’s history. This compares with $911,633, or $1.05 in the like period a year ago. Washington Produce. BUTTER—Range of prices to stores gathered from wholesale dealers (prices to nearby shippers based on Philadelphia and New York prices): One-pound prints. ca ton (BT scorer: ton (a1 ‘scores ton (90 score) (92 score), (10 score), 37 tub '( Sorer 54 tub (b1 MEAT! calves, 18; smoked ham. bacon, slice, licht hogs. al0: heavy 5 rou: ives, 5a 111.° lambs. 5ag: Prices Daid_ shippers. net fob. Wash- ington. By the United States Bureau of Agricuitural Economics: EGGS —Market mostly steadv. United States Government standards ' cent lower. but others unchanged. ~Current receipts 2Xa30: hennery whites. 31a:lii: Government graded and dated white eges (net prices paid shippers. fob. Washington). U extras_large. 3515 U. 8. extras. mediums, 301, U, 8. standards, large, 34. LIVE POULTRY —Market about_steads at “unchanged prices Colpred heavy. 14al6. Leghorns. N guineas. young ? pounds r pounds. 30 each: old guineas. 2025 ¢ach.” Tiirkeys: Young hens 18810: young toms. 16a17: . 12; old hens, 14: old toms. 14. Fruits and Vecetables. Sales. in large lots by original receivers. up to to ONIONS —Ome Michigan arrived: one broken and two unbroken cars on track. Supplies moderate. demand moder: market steady 50-pound sacks U. S. No. 1 Michizan and New York. yellows. U. 8. No, 1. 75a83: Utah Valencias. 3 inches 1.10a1.15. PEAS—Two F'orldn arrived; two brgken and three unbroken cars on track. S 3. compoind i LIVE 8TOC steady. 5 Teiephiones. -Iarge size. 5 Florida. small size. 1 SPINACH—No carlot arrivals: ken car on tr Stpol mand’ moderate: ma; ady’ skets: Virginia, 8(1166, Illr eonanwm : Texas. 75a85. s EET POTATOES—No carlot arrival no cars on track. _Supplies moderate. di mand_light: market steady. kets, North Carolina, Porte Ricans. partly graded. 75a85: few best. 90al.00: M fand. Anne Arundel Sounts; bushel hlmn- ers. Jersey type. U 4 OMATORS._No carlor arrivals: 5o cars on track. Truck receipts light: 'suppiies lieht demand moderate: market sieady. Florida. truck receipts. lug hoxes. full ripe. fair to_ordinary condition. 1.00a1.50: est. 2.50: Cuba. repacked. liig boxes. ripes. wrapped. fx6. .50, MIXED VEGETABLES —One Texas ar- | rived: four broken and two unbroken | 50, one bro- Bushel bas- LIMA BEANS_Supoiles light, demand | light: mark Florida.s ouchel |. Cqu bushel hamp- 5083 SNAP BEAN! broken cars on track demand _light: market bushel hampers. green. 1.25° round stringless, 'UASH—Supplies _ve! slo; market duh. - Flor pers' white, wrapped. 2.0 condition. OKRA- supnlln light: oteady. Cub EPPERS _Supplies moderate; litht market steady. Florida crates, green. fancy. 2.50; choice, S—No carlot arrivals: three Supplies moaerate. steady. Florida. at tyoe, 1.008 “light; demand bushel ham- yellow. poor light: crates demand 6-basket I-bus'hfi Low. Close. 123 1234 993 10034 6815 6834 101§ 102 10614 106§ 10634 10634 1004 1013 9% 9T% 107% So Colo Pwr 6347 A_. Sou Pacific 3%5 46 So Pac col 4849 o 108 So Pac Oreg SoPacSF So Ry gen 4 So Ry b So Ry gen . So Ry 6%s '56 SORYM&O¢s38 . S W Bell Tel 34864 Southw'n G & E 4560 Staley A E 4846 Stand Ol NJ 3s 61 Studebaker cv Swift & Co 3% 50 TennC&C6s"44B _. Tenn C & I RR 68°'51. Tenn El Pw 68 47 A Term Asso con 6s *44_ Texas Corp 3%s ‘51 _ Texas & Pac 68”77 B. Texas& Pac6s*79C.. Texas & Pac 63’80 D Tex & Pac 1st 68 2000 Third Ave ref 4s ‘60 Third Av ad in ex 58’6t ‘Toronto H& B ¢s Un Ofi Cal 48 u 1093 109% 106 105% 106 106 100% 10034 10035 116 114 114 1063 10534 1053 10434 10434 10435 125% 125%; 125'4 10084 1008 1003 119 119 119 1056 104% 105 1063 10635 106% 106% 106% 1063 108 10734 108 130 1283 613 67 381 38y 38y 10624 10814 10624 10534 106 105 - 100% 10034 100%; | Empire Tr (1) | N'Y Trust (3) MBER 23, 1936. C. & O. Net Reaches $4,638,527 Level During November B the Associated Press. CLEVELAND, December 23. —The Chesapeake & Ohio Railway Co. re- ported net income for November, after all charges, yesterday as $4,638,527, an increase of $975,272 over November, 1035. For the 11-month period, net income was $39,008,259, an increase of $10,777,662 over the corresponding period of 1935. Railway onerating revenues for No- vember, 1936, were $12,580,727, an in- crease of $1,733,639, and for the 11- month period, $124,308,635, an in- crease of $19,652,802. Net railway operating income for November, 1936, was reported as $5,- 557,609, an increase of $1,035,474 over November, 1935, and for the 11-month period, $48,100,530, an increase of $11,~ 598,114. ‘The Nickel Plate road reported net income, after all charges, of $356,710 for November, an increase of $205,792 over November, 1935. For the first 11 months of 1936, net income was $2,- 660,925, an increase of $1,964,266 over the corresponding period of 1935. — | B. M. EMPLOYES WILL GET BONUS Business Machines to Pay $130,000 to About 3,000 Hourly Workers. By the Associated Press. BINGHAMTON. N. Y., December 23.—A $130,000 Christmas gift for dis- tribution among approximately 3,000 hourly employes was announced today by the International Business Ma- chines Corp. The distribution, authorized by Thomas J. Watson, president, will be made as a week’s pay to employes with the company a year or more and half pay to those employed six months, The Christmas gift, which followed | wage increases a month ago of 5 cents | an hour for all hourly workers and a | | vice president, said, from record- | breaking sales eclipsing 1929 business, ‘Westinghouse Electric. PITTSBURGH, December 23 (#).— The Westinghouse Electric & Manu- facturing Co. announced a $600,000 bonus will be distributed to its em- ployes as a closing feature of its gold- en jubilee, marking the fiftieth year of its founding. ‘The payment will be in addition to a monthly profit-sharing system, in- augurated May 1, under which more than 30,000 workers have received from 8 to 14 per cent increases in pay. ‘The $600,000 bonus will be paid out on a basis of length of service, Bakelite Corp. NEW YORK, December 23 (#).— Bakelite Corp. distributed to its em- ployes a “share of the year's profits which proved a very substantial per- centage of their wages and salaries,” the company announced. All employes who had been with the company for more than two years participated. —e NEW YORK BANK STOCKS ORK. December 03 (.—New YDXK S!Eurhy Dealers’ Association: (Quotations as of 2 o'clock.) Bid. Bk of Man (1'3)__ 30 Bankers Tr (+ Chem Bk & Tr (1.80) Commercial Cont "B % Tr (80 - Corn Ex Bk & T (4 First Nat (Bos) (2) First Natl (100) Guaranty Tr (12) Irving Tr (.60), Manufacturers Tr Manufacturers Tr pf ( Nartl City (1) Public Title G & T e FEDERAL LAND BANKS NEW YORK. December 23 Land Bank bonds: o s q 4" 45 4 3las 3s 3s 38 (P —Federal Asked. Nov,, 10714 05838 Ma. g CHICAGO LIVE STOCK. CHICAGO. December P (United States Departmeni_of Agriculture).—Hogs, 000, including 8.000 direct: mostly 10 3, higher, then Tuesday's average: Weights under =0 pounds 25 to 40 highet in_instances: o igher; "ex. do: bulk, Well Anished: 18 )0a10.30; lightweight so0 200; fed steers nces Tunaway market. on lll lnlel’exls in trade: Wester! buying freely at ba ) ra ing good action a S mifale racn bo e subetiiutcd 1or scant Supsly toppy kinds; advance due to very meager receipts and market on ail except choice and prime steers regarded as top-heavy; Yealers barely steads. with un y strong 0 25 higher, mostly 10 to 15 up. © heep. 7 00: " none - direct uneve: 10 buik mnwf' fun nruch 5. METAL MARKET. NEW YORK. December 23 . —Cnnner firm; electrol and { 6212 51.60-52.10: future. spot, New York. sun.efix l|!5- - 116% 1163 1163 110 10934 109} 108 102}4 108 36 36 36 U8 18 148 Un Pac 1st rids IOOI United Drug 6s 6! United Rys St L 4834 655 655 674 613 67% 9% 9T 9TY 3% 34 3u% 5.8 S ret Va Ry lnl\l‘l.L—. Wabash 448718 e Wabash 1st 6339 Wabash 24 68 39 o Wabash 6348 °75 106% 1063 1063 106%4 1063 108% 33% 338 34y 33% 83% 8835 1115 111% 1118 1063 10634 10835 - 10834 10834 1083 Wheel Steel 43866 101% 101% 10134 ‘W SpStl 1st T8 '35 6t W Sp Stl con 7s ‘36 et. Wilson & Co 4s 'Sb Win Sal 8 B 1st 4560 Wis Cent 13t gD 48 Wis C 8&D Trm s Y'ngsto S&T 338 ‘5. Y'agsta SAT é8 61 023§ 115 115 115 38 32 38 28K 2% 2% 129 1273 129 106 1083 104 Zine firm: H turc 5.55. Antimony, Iron. aluminum, quicksiiver, nfiunm and wltnmlu unchanged. %% MONEY AVAILABLE For Construction Loans and Loans on Improved Properties in the District of Columbia. Prompt Action on Applications 50 per cent increase in overtime com- | A: | pensation, resulted, Walter F. 'I‘ir.us,“A A F1l PACE MAINTAINED AT STEEL PLANTS Rate About 78 Per Cent Based on 5-Day Week., May Go Higher. B the Associatea Press. NEW YORK, December 23.—Steel ingot output is maintaining a volume seldom equaled at this time of year, Iron Age said today in its weekly re- view. “Based on a five-day week,” the trade journal says, “the rate for the country is about 78 per cent and may go higher next week, when there will be no holiday observance. Although production is off slightly in some dis- tricts, the reverse is true in the Ohio valleys, where the rate has risen from 80 to 84 per cent. “Unless labor trouglps in the auto- mobile industry are® speedily settled widespread shutdowns are likely to occur. * * * Some mills have received Instructions to postpone shipments of sheets and strip. While the steel in- dustry is watching the situation with anxiety, delays in rolling automobile steel may afford some relief in the in- tense pressure being put on sheet and strip mills. “Meanwhile, a very heavy volume of business in bars, shapes and plates is being piled on the almost unprece- dented tonnage of other products booked in November. * * * “As an indication the large volume of buying of the past few weeks has been speculative only to a small de- gree, many consumers have come into the market for additional tonnages of sheets and strip, paying the higher prices quoted for the first quarter.” The review said there is another runaway market in scrap, with further advances of 50 cents a ton at Chicago ! and Philadelphia and 25 cents at | Pittsburgh, bringing the Iron Age | composite price to $17.75. INSURANCE STOCKS NEW YORK. December 23 (P —New | York Security Dealers' Association: Bid. Asked Aetna Cas (2a) 107 | | Aetna Ins (1.60) 32 Aetna Life (80a) Frank Fire (1a) Gen Reinsurance (2) Glen Fails (1.60) Gicbe & Rep' ('2a) Globe & Rui Great Amer (1a) Hanover (1.60) _ Harmonia_(1.20) Hartford Fire (2) Home Fire Sec Home Ins (1a) _ Homestead (1) Lincoln Fire Natl Fire () Naul Liberty Nor River (K0a) _ Phoenix (a) Prov Wash (la St Paul Fire (fa) Springfieid (4'2a) Sun_Life Travelers (16) U 8 Fire (1.80) Westchester (1a) a—Also extra or extra: -— FOREIGN EXCHANGES. NEW YORK, December 23 (7. —Foreien exchange firm. Great Britain in dollars, | others ‘in cents: Great Britain demand, 4 60-day bills, 4.90 demand. bles, Italy. demand. Switzerland. tugal. 4 4615 Czechosiovakia Austria, 18 mania R R014n MASSACHUSETTS INVESTORS’ TRUST Prospectus Will Be Sent on Request A.S. GotLpEs & € Investments First mortgage notes, well secured on con- Washington and near- by Maryland. Denominations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly 40 Years A Fine Xmas Gift . . . Additional Protective INSURANCE Your wife and kiddies will have a merry Christmas, as long as you, too, are present. But if something should happen before next Christmas, what then? Give this practical gift! J. Blaise de Sibour and Company INSURANCE BROKERS 1700 Eye St. N.W. NAtL 4673 CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5Y2% Prompt Action Real Estate Mortgage 1610 K St. N.W. NAu 1403 B.F.SAUL CO. 925 15th Street Natl. 2100 ANCIAL ELECTRIC POWER OUTPUT DECLINES. Institute Index Recedes to 1185 From 119.8 in Previous Week, By the Associated Press. NEW YORK, December 23.—The Associated Press index of electric power production, with 1929-30 taken as 100, declined for the week ended December 19 to 118.5 from 119.8 the previous week. The index is adjusted for seasonal and long-term trend. Last year it stood at 104.3. ge for recent years follows: 1936. 1935. 1934. 1933. - 119.8 1055 974 919 - 1020 941 919 802 Actual production, as reported by the Edison Electric Institute, amount- ed to 2,274,508,000 kilowatt hours, compared with 2,278,303,000 kilowatt hours last week, a decline of .2 of 1 per cent. The week's output was 13.6 per cent higher than in the same period last year, when production first passed the two-billion mark at 2,002,005,000 kilowatt hours, Per cent gains over 1935 were regis- tered by all major United States geo- graphic regions as follows: New Eng- land, 10.2; Middle Atlantic, 11.4; Cen- tral Industrial, 15.6; West Central, 11.0; Southern States, 18.1; Rocky Mountain, 15.9; Pacific Coast, 7.7. PEEES SRR Greenville Steel Car Co.—Company received order for 25 automobile cars from Virginian Railway. FIRST TRUST LOANS Beasonable Bates and Commissions Tyler & Rutherford, Inc. 1520 K St. N.W. Nations) 0475 Loap Correspondent Mutua; Benefit Life Insurance Co. Mouey for Con:mmol Loans Loans on Improved Properties 52% FIRST DEED OF TRUST ONLY GEORGE L. BORGER 643 .nd ana Ave. N.W, 1 LOANS On Washingten Real Estate Current Rates and Courteous Treatment Vo k Rumdl @ First Morteace Loans District ot Columbig— Nearby Maryland — and /i nma— Business 5 Properties Terms from 3 to 15 Years Also Monthly Payment Loans Randall H. Hagner & Co. Incorporated MORTGAGE LO. CORRESPONDENT New York Life Insurance Co.. 1321 Conn. Ave. N.W. DE. 3600 Homes Apartments HOME LOANS to build or refinance INTEREST 5 % s low as PAYMENTS Taslowas COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. SRR 'ALL DAY CHRISTMAS ‘The Low Night Rates For Out-Of-Town Telephone Calls Will Be In Effect. SAY “MERRY CHRISTMAS"’ 'Distant Friends