Evening Star Newspaper, December 28, 1936, Page 14

A—14 »x» CAPITAL TRANSIT TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE NET INCOME 3AGS 11-Month Total of $2,162 Compares With $385,855 in 1935 Period. BY EDWARD C. STONE. Total net income of the Capital Transit Co. in the first 11 months of 1936 amounted to $2,162.85, compared ‘with $385,855.38 in the like period in 1935, a decrease of $383,692.53, or 99.4 per cent, according to the November financial statement filed with the Public Utilities Commission this noon. ‘While operating revenues in the 11 months revealed a gain of more than $951,000, or 11 per cent, operating expenses mounted still faster, with an increase of $988,864.39, or 15 per cent, the figures revealed. Taxes were 10 per cent higher than last year and depreciation up 32 per cent, the latter ehowing an increase of $226,924.36. Revenue passenger traffic during the 11 months disclosed a very sub- stantial increase. The number of rev- enue passengers carried by the transit company totaled 155,233,893, against 138,689,503 in the comparable period in 1935, a gain this year of 16,544,390, or 11.9 per cent. Net income in November totaled $5.249.33, against $11,290.10 in No- vember, 1935, a decrease of $6,041.77, or 535 per cent, today's report showed. Retail Trade Still Below 1929, Climaxed by Christmas selling closely approaching the 1929 volume, retail sales during the year 1936 will total between $37,500,000.000 and $38,000,- 000,000, an increase of about 14 per cent over 1935, but still 24 per cent under the 1929 total, according to pre- liminary estimates announced by the American Retail Federation, in the Wational Press Building. Statistics gathered by Federal Re- serve Banks, Department of Com- merce and other recognized agencies registered material increases each month in 1936 over 1935, and the Thanksgiving-Christmas sales, which taxed the selling capacities of many stores, lifted the closing months to high levels and boosted the year's total. Sales during November and December are expected to reach $8,000,000,000. Sales in those two months in 1929 totaled about $8,700,- 000,000. Estimates based on statistics for the first 11 months of 1936, supplemented by regional reports on December busi- ness, show that the dollar value of food store sales in 1935 was within 20 per cent of the 1929 total; general merchandise group within 21 per cent; apparei, 30 per cent; automo- tive, including filling stations, 20 per cent; furniture-household, 45 per cent; tumber-building-hardware, 40 per cent; drug stores, 22 per cent, and jewelry stores within 45 per cent of the 1929 fales volume. Department store sales in 1936 were within 17 per cent of the 1929 total, variety stores within 7 per cent and | catalogue sales of mail-order estab- lishments within 9 per cent. On tonnage or quantity basis, merchan- dise sold in 1936 will approach the 1929 total on account of lower price levels. The trend of most retail buying in- dexes during the last three months of 1936 has more sharply advanced than in the preceding months. the Federation statement said, indicating continued gains in the early months of 1937. Bankers' Council to Meet. The December meeting of the Coun- cil of Administration of the District Bankers' Association is called for to-/ morrow afternoon at headquarters in the Bond Building. Among special matters to be considered will be flpal plans for the January open meeting of the entire association. Latest reports from Karl W. Corby, fpresident of the association, who is iconfined to his home with illness, are thighly favorable. He is improving Jteadily. First Vice President Thomas 'J. Groom is looking after association wflairs and keeping in close touch with [Mr. Corby in order to carry out all his plans for the year's activities. The bankers hold their weekly funcheon tomorrow instead of Friday swhich happens to be New Year day. {The Priday luncheon on Christmas day fwas omitted, with the idea that the gwo holiday luncheons would be com- bined in one this week. ' Directors of Woodward & Lothrop have declared the regular quarterly idividend of $1.75 per share on the jpreferred stock and the regular 37%- gent dividend on the commor stock: 'also an extra disbursement of 62!z cents a share on the common. All three dividends are payable December 9 to stockholders of record Decem- r 22. Notable Recovery Reported. Secretary Roper of the Commerce Pepartment . reports to Congress hrough President Roosevelt that eco- jomic recovery broadened very rap- &ily and substantially during the year ended June 30. He will issue another review covering the last six months in & few days. In the current report Secretary Roper pointed specifically to a 20 per cent increase in manufacturing dur- ing the fiscal year; a 10 per cent in- crease in freight traffic and a 75 per pent increase in construction contracts awarded. Other increases were: In- dustrial production, 17 per cent; cash gncome from farm marketings, 12 per fent; electric power production, 13 fper cent; department store sales, 8 cent; factory employment, 5 per cent; factory pay rolls, 16 per cent, and wholesale prices, 2.5 per cent. Heard in Financial District. Following the three-day holiday, brokerage houses here were crowded before today's opening of the New ork Stock Exchange. Traders wit- d a very active start, with prices generally higher than on last Thurs- day. A new type of bond issue for in- titutional investors is described in a ‘m)chure just issued by the Washing- ton office of Harriman & Keech, pmembers of the New York Stock Ex- ‘change. The securities are known as large-scale housing bonds, which are insured as to principal and interest Bt 3 per cent by the Federal Housing ‘Administration. Average daily sales of chain drug stores in November were 1 per cent higher than those in November, 1935, the Department of Commerce Average daily sales of chain men’s wear sales in November were about 20 per cent higher than those in No- 'vember last year. 3 Western Maryland Railway reports for 11 months ended November 30, 1936, net income of $1,446,908 after taxes and charges, equal to $8.15 a share on 177,420 shares of 7 per cent first preferred stock on which there are dividend accumulations. This compares with $817,653, or $461 a ghare, on first preferred stock in 11 months ended November 30, 1935. FINANCIAL. THE EVENING STAR, WASHINGTON, D. Il p.-. Stock ana Sales— Dividend Rate. Add 00. !.I‘l:- Low. Close. 59 Acme Steel (4) .. 9% Adams Exp (a55¢) - 17% Adams Millis(al1%) 22% Address’grapbt 1)_ 1% Advance Rumiey .. 58 Air Reduction (t1). 2 Air-Way Elec Appli 13 Alaska Jun (¥60e)_ 21 Alleg Corp (). . 12% Alleg Df w330w (a). 12% Alleg pf wS40w (d). 27 Alleg pr of (d) % 26% Alleg Steel (a1.65)-. us 5% 126% 55% 73 68% 140 137% 169% 59 981% 8% 16% 35% 32 9% 157 Allted Chem (8) 23 Allled Mills ¢ 6% Allied Stores(a20c). 35% Allis-Chaim (113). 19% Alpha Port C(al 'A) Amal Leather. 75 Amerada (orp (2) 36 Am Bank Note (t1) 65 Am Bnk Note pf (3) 40 Am Brake Sh (+2)__ 124 Am Brake S of 6% - 110 AmCan (t4) 162% Am Can pt (7)..... 30 Am Car & Foundry. 57% Am Car & Fary pf.. 31 Am Chain (a4)_. 7% Am Colortype 20% Am Comcl Al (a50c; 16% Am Crystal S(ab0c) 89 AmCrysS 1st pf(6) 3% Am Encaustic. ... 6% Am & Foreign Pwr. 256 Am & For Pw $6 pf. 29% Am & For Pw §7 pf. 12 Am & For Pw 2d of. 13 Am Hawahan (1)__ 4% Am Hide & Leather 37 Am Home P (12.40). 2% Am lee = 16%2 Am Ice ot (2) 9% Am Intrnat’l (a40c) 28% Am Locomotive 66 Am Locomo pf (33). 21 Am Mach&Fdv(t1) 10 Am Mach & Met 60c. % *27 Am Metals pf(6) 134 69 27h 39% 28% 45% 103 10814 152% 3% 61% 1451, 36 635 1904 1024 104 150 18 278 108% 111, 110'- Th 84 62% 18% 224 2T 132 124 88Y, 49 49 118 38ty 28%, 28Y 224 28% 105 110 16% 135'4 143 91 32% 116 110% 100 46% ulh 4% "'N 21!‘ % 24 120 Am Metals pf ($16) 35'3 Am News (NY) (3) Tis Am Power & Light. 36% Am Pwr&Lt pf (6). 43 Am Pwr&Lt of (6). 18% Am Radiator(t60c) 23% Am Roll M (11.20). 31 Am Saf Razor (12). 18 Am Seating(a2ij).. 25% Am Shipbldg 2) 56% Am Smelt&Ref (3). 104 Am Smé&Ref pf (6). 136'4 Am Smé&Ref pf (7). 57%3 Am Snuff (+3) 20%; Am Steel Fdry (al) 107% Am Steel Fy pt (7). 24% Am Stores (2)._._. 484, Am Sugar ( 149%; Am Tel & Teleg (9). 87 Am Tobacco (5)._.. 88!s Am Tobacco B (5)._. 136 Am Tobacco pf (6)_ 87s Am Type Founders. 19% Am Wat Wks a4lc_. 92". Am Wat W ist (6).. Am Woolen 2% Am Woolen pf (U). 3% Am Writ Faper (d) 4'a Am Writ Pap pf (d) 33 Am Zinc & Lead . 24 Am Zinc & Lprof.. 28 Anaconda Cop (t1). 35 Anaconda Wirs t2.. 15's Anchor Cap 160¢) . 9 Andes Copper 3 AP W Paper 37 Archer-Dan 105% Armour el pf ('I)_ 4% Armour (lliinols) 66% Arm'r(I11)pr pf (6) 47% Armstrong C'k t1% Tl Arnold Conet (53¢). 844 Artloom Corp 12% Asso Drv Goods 102 Assoc D G 1stpf(6). 98 AssoDG zd pt 59 Atch To& 8 Feal 90% Atch To&S Fe pf(5) 215 Atl CoastLine(al).. 26% Atlantic Kefin (11). 48 Atias Powder (12)__ 14 Atlas Tack (a75c) 26% Auburn Auto 4% Aviation Corp (Dll) 215 Baldwin Loco (d) 29% Baldwin Loco pf(d) 2% Baldwin Lo asd(d). 157 Baltimore & Uhlo__ 21 Baltimore & Ob pf . s 40% Bang & Aroos (2%) 109% Bang & Aroos pf(7) 21 Barber Co (a75¢)--. 13% Barker Brothers 1414 Barnsdall Of} (80c) 16% Bayuk Cigars t75¢ 18 Beatrice Cream(t1) 100 Beatrice pf ww (5) 85 Beech-Nut Pkg(t4) 13 Belding Hem (1) 21% Bendix Aviat(all%) 20 Beneficiai L «T13)_ 48 Best&Co (23%4) 45% Bethlehem Stlal%. 16% Beth Sti 6% pf(l).. 10743 Bethlehe Stl pf(7)... 23 Bigelow-San (t1)__ 184 Black & Decker 25¢ 14!4 Blaw-Knox (a80c) 16% Boeingr Alrplane 40% Bohn Alum&Br (3) 80’ Bon Ami (A) (a5 25% Borden Co (1 60)_.. 64 Borg-Warner (4)... 6 Boston & Maine ___ 1% Botany Min A (d) - 12%4 Bridgp't Brass 1400 43% Briggs Mfg (12) 47 Briggs & Strat (3) 41 Bristol-Myers 12.40 40% Bklyn-Man Tr (4)- 4% BKivn & Queens . 33% Bklyn & Qns pf(33). 4435 BKiyn Un Gas (3) - 45 Brown'Shoe (3) 8% Brunswick-Balke... 87 Bucyrus-Erie __. 9% Budd (EG) Mfg. __ 85 Budd (EG) Mfg of. 8% Budd Wheel (a20c). 20% Bullard Co (al¥%) .. 11 Bulova Watch . _ 25 Burr Ad Mch(160c) 214 Bush Terminal (d) 75 Butler Bros (ag0c) 29% Butler Bros pf 13 2% Butte Cop & Z(abc). 16 Byers (A M) 54% Byers (A M) pf . 22 ByronJackson 1. 30% California Pack 1% % Callahan Zinc-Lead 6 Calumet & Hec a7be 30 Campbell Wy (11). 10% Canada Dry G A__.. 10% Canadian Pacttic . 37 Cannn Mills (24) .. 12% Cap Adm tA) able. 45% Cap Adm pf A «3) 6% Carriers & Gen (30c 92% Case (J 1) Co (4) . 116 Case (J 1) Cop (7) 54% Caterpillar Trac 13. 213 Celanese Corpali_ 106 Celof AmprpfA7. 19 CelotexCorp ..._. 25% Cent Aguire (t13%) 6% Central Foundry Co 35 Central RROfNJ_ 47% Cerro de Pasco +4) 8% Certain-teed Prod.. 571 Certain-teed pf (6). 19 Champ Pap & F 11) 101 Champ Paper pf(6) 59 Chesapeake Uorpi3) 51 Ches & Ohio (12.80). 1% Chi& East 11 (d) _ 2% Chi & East 111 pf(d) 1% Chi Grt West (d) .. 4 ChiGrtWopf(d). .. 1% Chi Mil St P&P (d). 2% Cht M 8t P&P of (d) 214 Chi & N W (d) 6% Chi & N W pt (d) 12% Ch1 Pneumatic Tool 40% Chi Pn Tool of $3%. 1% Cbi R 1&Pas «d) 3% Chi RI&F 6% of :d) 3% Chi R L&P 7% of(d) 17% Chickash Cot Oll._. 7 Childs Co 25 Chile Covper (1) 85'% Chryaler Corp(al2) 15% City ice & Fuel (3). 4% City Stores 23% Clark Equip(+1.60). 107% Clev E) 1llu pf'¢%.. 33 Clev Grapb Br (2).. 48 Cluett Peabody (t1) 84 Coca-Cola (13). __. 13 Colgate P-P (t50¢c). Alk 13, 28% Colo Fuel & Iron_.. 21 Colo & Southern 19% Colo & Soutb !st pt 14 Columb@ & 90% Col G & E pfA (8) 31 Colum Plet vte (11) Colum Pic ev pf ll ": 1 43 10 60s 141 139 45768115% 113% 1173 59 9% a0 CE=E-PUEY - FSTS- oy YOS o =3 58 0 SRt FESETISF ® 2. Romopmen 8 40 90s 109% 25 36% 4 27 115 284 4 18% 3 25% 1101 U AR ey () [ FEIE Aol i linali) FEEFFEF S PREFFE L+l +1 40 g * 10 - 5 108 50 50 50 — 3% T1 120 116% 116% ~34% 8 184 17% 184 + % Sh 8% —Bfi 33 32 50- 111% lllu lll% “ 3% 37 4 10. xm llfl 112% - % 43 -2y 110- 11‘6 m 20% - % 120s 26% 26 26 - % 40 17% 16% 16% — 41056 104% 104% — % 8 35% 35 “%0% 4 41 4 121 26 04 -’f;lf:fl‘-’ff 'nv 3:16p.m. Illfl M ang Rate. ividend 56 Coml Invest T (t4) 97 Comel In T pf (4%) 14% Come’l Solv (160¢c). 2% Comw & Southern. . 59% Comw & Sou pf (3). 8 Consol Cigar 2% Con C pr of ww 63 65% Consol Cigar pf (7) 48% 27y Consol Ed NY t3__ 109 102 Consol Ed NY pr(5) Th 20% 6945 821 110 831y 108'% 107 33's b4 234 153 117% 4% Consol Film 15% Consol Film v((i"). 3% Consol Laundries.. 117 Consol Oil (89¢) 5'4 ConsolR R Cuba pf. % Consol Textile (d). 2 Cons Coal (Dsl)vte 124 Cons C (Del) pf vte 15% Container Corp (t1) 10% Conu Baking (A)_. 1% Contl Baking (B) 67% Contl Baking pf($9) 63% Cont’l Can (13) _. 35! Contl Insur (11.60). 2% (‘ont! Motors 2814 Contl Of1 (Del)al%. 25 Contl Steel Corp(1) 55% Corn Ex BR&TT (3) 63% Corn Prod Ref (t3). 158 Corn Prod R pt (7). 4 Cotv ine 24 Crane Co 35 Creamof Wh't ('2) 15% Crosley Radtoal% . 43% Crown C 'k& S (a4). 44 CrownCk pf xw 2% T% Crown Zelleb's vic. 6% Cuban-Am Sugar__. 635 Cuban Am Sug pf.. 35' Cudahy Pkg (2% 167 Curtis Publishing.. 99!3 Curtis Pub of (7). 4 Curtiss Wright 10 Curtiss-W (A) a50e 431 Cutler-Rammer t1. 107 Dayton P&L pf 415 52 Deere & Co 19'3 Deisel-Wem-G (11) 36% Delaware & Hudson 147 Del Lack & West 128 Detrolt Edison (14) 4 Det & Mackinac 13 Det & Mackinac pf 42 Devoe & Rey (A) 13 3 30% Diamond Mich 113 184% | 136 116 12% 188 166 4015 157 47 178, Th 257 873 94l 20 1053 17% 105% 116 119% 39% 149% 135 80 49% 124 33% 42 bdd U% 33 78 13% 63 5% 1% 18! Dist C'orp Seag Ltd. 93% Distillers C'p pf(5). 19 Dixle Vortex (i%). 41'; Dome Mines (12) __. 7% Dominion Stores __ 50% Douzlass Afrcraft 29 Dresser Mfg(A)a3. % Duluth SS At __. 4% Dunhill Internatl _. 133 Du Pont de N a6.10. 129 Du Pont deb 16) 111'% Duquesne Lt 1st (5) 5t3 kiastern Roll Mills_ 156 EFastman Kod (*5) 152 Eastman Kod pf(6) 28! Eaton Mfg (12)_ ___ 5% Eitingion Schild 30% Elec Auto Lite 12.40 10 Elec Boat (a60c) _. 5% El & Mus Ind al8c_. 6% Lilec Pw & Lt - 2915 Elec Pw & Lt $8 pf_ 22% FElec Pw & Lt $7 pf. 39% Elec Stor Bata2¥% _. 1s Elk Horn Coal (d) _. 173 E'k Horn C pf (d) 223, El Paso Nat G(1.60) 531 Endicott-John (3) 7' Eng Public Service. 45'3 Eng P S $5 pf (310). 48 EPS$550 ww 11, 5% Equit Office B a20c. 11 ErieRR 16 Erte RR 18t pt 11% Erfe R R 2d ot 12 Eureka Vae C (80c) 23% Evans Product(t1). 4% Exchange Buffer __ 2% FairbanksCo .. 815 Fairbanks Co pf 34% Fairb’ks-Morse(t1) 31% Faiardo Sugar (2).. 18% Federal Lt & Trac.. 84 Fed Lt & Trof (6). 7% Federal Mot Tr 3 Fed Screw Worl 215 Fed Water Sve (A)_ 2013 Fed'd Dept S (al4) 105 Fedtd DScupf 4% 38 Fidel Phoe F I 116 247 Firestone T& R (2) 40 First Nat Strs (213 . 30% Flintkote Co (1) 16 Florence Stove war. 25% Florsheim(A) (11). 37 Follansbee Bros td) 32 Food Machine (1)_. 24'%4 Foster-Wheeler __ 30% Fourth Nat 1 22.35 2315 Freeport SulCo (1) 3115 Fuller Co2dof ___ 3% Gabriel Co (A) 11% Gamewell Co - 100 Gannettev rf () - 15% Gar Wood Ind a55c_ 815 Gen Am Inv aTie) 424 Gen Am Transp ade 10% Gen Baking (160c)_ 17 Gen Cable A - 701 Gen Cable pf (37) - 49 Gen Cigar (t3) 140 Gen Cigar of (7) 34% Gen Electrie (1) 33% Gen Foods 11.80) . 7 Gen Gas & Elec (A) S8 Gen Mills (3) - 53% Gen Motors (ad3). 5% Gen Outdoors Adv 18% Gen Outdoor Adv A. 3% Gen Pub Service __ 32! Gen Ry Signal (1)... 2 Gen Realtv & Utfl .. 26% Gen Realty & 7" pf_. 33% Gen Refrac (a3 % ).. 3214 Gen St1 Casting pf 17 Gen Theatre E (a2). 13% Gillette Saf R (t1)_ 70 Gillette S R of (5)_ 6% Gimbel Gros 84 Gimbel Bros pf (6). 39% Glidden Co (2) J 52% Glidden cv pf(2% ). 3% Gobel (Adolf) 6% Goebel Brew (t20¢) 13% Goodrich (BF) (a1) 74 Goodrich(BF)pf(5) 21% (Goodvear T & R 100 Goody'r T&R of (5) 87 Goodyear $7 nf (4)- 814 Gotham Silk Hose 77 Goth Silk H of (7). 2 Graham-Paige 1% Granby (34 stpd) _ 3% Grand Dulonectfs__ 24% Grenite City St) (1) 28% Graat(W T)($1.40). 32% Grt Northein pf 16 Grt North'n Ore (1) 31 Grt West Sug (3.40) 136 Grt West Sug pf(7) 22 Green (H 1.)Coit1) 14% Greyhound (180¢) n 1% Guantanamo Sugar 24 Guantanamo Sug pf 28% Gulf States Steel Hackensack W(1%) Hall W¥)Printing Hamilton Wateh Hamilton W pf () Hanna (M A) pf (6) Harb- Walker ($2) _ 12 Hat Corp of Am (A) 4% Hayes Bodv 995 Hazel Atlas G (15): 12% Hecker Prod (60c). 25% Hercules Mot (t1) .. 84 Hercules Pow a4 . 126 Hercules Ppf (7) _ 58% Hershey Choc (13) . 30% Holland Fur (a1%) 108 Holland Fura pf(6) 9 Holland&Sons +50c.. 19% Holly Sugar «¥2)__. 407 Homestake (t12) _. 397% Houd-Hersh(A)2%. 22% Houd-Her (B) +1%_ 65% House Fin pf t3% __ 6% Houston U1l vto .. 48% Howe Sound (13)... « 3% Hudson & Manhat.. 8% Hudson & Man pf... 22% 13% Hudson Motor Car.. 3% 29% 5(!6 l‘% 41% 122 21% % 18% 5% 1% 5% &’ 1 Hupp Motors. _ceee 18% (ilinots Central. .. 30 [linotis Cent pf (A) 58 [l Cent Ise lines (4) 4% [ndian Refin (81) . 25% Indu Rayon (11.68). £8% InlandSteel (13) __ 6% Inspiration Copper. 5 [nsS8h Md cfs a20c. 11 Inter Rap T vto ¢d) 2% Intercontl Rubber... 9% Interiake IroD ... 2% 10t ARTiCUltural.oe 7% 22% Int Agricul pr pf. Int Harvester 33— 60 6 1 5 60s 6 1608 108 19 100s 2231! 25 19 1 108 1508 | B - ? [EETSTE R S 0 @ S 5 @ .S 5 » 2% lO!h 108 108 C, MONDAY, DECEMBER 28, 1936. Net | Prev. xua 4 00. High. Low. Close. Chge. 13 78% T6% T6% —1% 1117 117 117 +1 0 20% 19% 19% - % 3% + % 0 - % 15 + % 36% —1% 17 - % 18% 86 -24% 80 +1% 43% - % 150 151“' l50‘s -1% 52, 3915 2% 60% - £5 #5 wespsFas I+i+111++14++ High. 10% 8 15% 66% 23% 14% 8l 984 Low. Dividend Rate. de,mlflfll-.” 2% Int Hydro Blec (A) 4% Int Mercantile Mar. 10 1ntl Mining (a%0¢). " 43% Int Nickel (21.30) .. 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C) % Int Paper s Pw pf . 112 101 Int Print Ink pf(6). 11% 10% 611 30 us 93% 14614 126% 133° 151 5114 30'% 102% 35 . 3415 1314 nz 120 123 87 644 110 40 83 49% 53% 95 15 310% 115 13% 125% 19% 39% 20% 164 22 15 324% 29% 39% 41 58% AT% 22% 32y 28 3% Int Ry Cent Ame: 3 Int Ry Cent Am vto 19% Int Rwy Cent A pf_ 23 Intl Salt (t1%) - 47 IntShoe (12) —eeee 15 Int Stlver o 50 Int Silver pf ($4).. 11% Int Tel & Tel 10% Interstate D S as0c. 15 Intertype Corp (1). % Island Creek (2) . ll‘! Island Creek of (6). 58% Jewel Tea (74)____ 88 Johns-Manville(12) 121% Johns-Manv of (7) T5% Jones&L 7% pf 13% 3915 Kalamazoo S (t1).. 19% KansCS pf (al)._.. 17 Kauf'nn DS 11.60__ 24% Kayser J&Co(al * 1 eivinator (tb0c) ... 87 Kendallpf A (16).. 28Y% Kennecott (21.70) ... 17% Keystone S&W (2). 3% Kinney (G R) Co . 30 Kinney(GR)pf(al). 74% Kresge Dept Strs pf 20% Kresge (S8) (1)_. 353 Kress(SH&Co(t1)_ 19% Kroger G&B(11.60) 32 Laclede Gas St L pt 15% Lambert Co (3) __ 12 Lee Rub&Tire(60c). 15'% Leh Port Cem't(a2). 2 Lehigh Valiey Coal. 9% Lehigh Val Coal pf. 815 Lehigh i€y R R 89 Lehman Corp (13)_ 12 Lehn & Tinkalls . 3715 Lerner Stores (12)_ 47% Libbey-Ow Glalty_ 7 Libby. McN & Lal_ 25 Life Saver (11.60) . 97 Ligg & Myers (14)_. 97% Ligg&Myers B (14). 25% Lima Locomotive.. 36 Link Belt (12) - 3214 Liquid Carb (2.60) . 43 Loew'simeo (13). ... 2 Loft Inc 35 LonlSlArle(t!)_ 3% Long Bell Lum (A). 21% Lorillard (P) $1.20_ 140 Lorillard (P) pf(7) 13 La Ofl Ref pf (d) 20 Loulsv GAEDTA 1% 57'4 Louis & Nash (a6) .. 22% Ludlum Steel (t1) _. 33 MacAndrew&F(12). 29 Mc Call Corp (12)__ 12% McCrory Store: - 38t Mcintyre Porcu (2) 83'4 McKeesp Tin (5%) - 8% Mckesson & Rob . 37% McKess&Rob pf(3) 11'3 McLellan Strs a2oe 973, McLellan Strs pf(§; 27% Mack Trucks (t1)_ 40% Macy (R H) Co (2). 8% Madison Sq G 160¢ Magma Copper (a3) Manati Sugar (d) .. Manat! Sug of (4) Man El md gtd (d). Man Elewgtd (d)__ Manhat Shirt (1)_.. '« Maracatho Ol Exn_ Marine Midl'd t40c_ rket St Ry Market St Ry pr pf Marshall Field & Co Martin Parry Mathieson Alk(1%) May Dept Strs (3)... Maytag Co (a50c) .. & pf ww (3)_. Maytag 1st of (6)_. Mead Corp 'a Melville Shoe (t5 Mengel Co Mengel Co of ___ Mesta Mach a3% __. Miam1 Copper . 4 Mid-Cont Pet al.16 21% Mid'ld Stl Prod (t2) 110 Mid Stl 1st pf (8) 65 Minn-Hon Ros *13 119 MinnHer pf B (4)_ 614 Minn Moline F'wr 5T% Minn-Moline pf(33) 213 MStP&SSMpf 2% M St PASS M isin 16% Mission Corp(a45c) 5'3 Mo Kans & lexas 14'3 Mo Kan & Tex pf A. 2's Missour! Pacifictd) 37 Mo Pacific of (d) . 197s Mohawk Carp +1.20. 79 Monsanto (‘hem(*1) 35% Montgom Ward(+2) 2% Mnt Wrd rts Jan 29 41% Morrell J & Co 2.40 60': Morris&Essex(3% ) % Mother Lode a12%¢ 28% Motor Prod (12) 15! Motor Wheel (1.60) 11% Mullins Mf(B)as0¢ 70 Mullins Mfg of (7) 21 Munsingwear (+3) 14 Murray Corp (a50¢) 15 Nash Motors (1) __ 20'% NashvChat & St L 125 Natl Acme (a75¢) - 915 Nat Aviation (a1)_. 28% Nat Riscntt ) 60) . 307 Nat B'd & Inval.ll. 21% Nat Cash Reg (al).. 21 Nat Dairy Proal%. 10 Nat Dept Stores . 25% Nat Dist Prod (12). 26% Nat Lead (+50c) __ Nat Lead pf A (7). Nat Lead pf B (6) 54 Natl Mal'ble&Stl a2. 9% Nat Pwr & Lt (60¢) 7 Nat Ry Mex 1st pf_. 1% T 57% Natl Steel (121%) ___ 197% Nat Supply Co - 74's Nat Supply.pf $334_ 7% Nat Tea (60c) B 10% Natomas (t80¢) 32 Neisner Bros (129 __ 41 Newberry(JJ)12.40 10415 Newb'ry (J J)pf(5) 9 Newp't Indusaédec._. 3214 N Y Alrbrake a2% . 27% NYCentral RR . 17% N Y Chicago & St L. 363 NYCh&StLof__ 314 N Y Dock .. 10% N Y Dock pf 1 N Y Investors (d)._ 3 NYNH&H@@ _. NY NH & H pf (d)_ 4 N Y Ontarfo & West 213 N Y Rys pf (d) 9% N Y Shipbuilding _. 1% Norfolk Southn (d). 210 Norfolk & W (v8) _ 1056 Norfolk&Wn pf(4). 6% North Am Aviation. 23% North Am Co (1) 52% North Am Co pf (3) 98 North Am Ed pf(6) 23% Northern Pacific . 19 Norwalk T& Ropf__ 12% Ohio Of) (a60c) . 24% Oliver Farm Eauip. 17 Omnibus Corp vte.. 107 Omnibus Cp pf(8 8 Ovpenhaim Collins. 24% Otis Elevator l'lSa_. 12% Otis Stee: 128 Owens-I1'GI @6 13 Pac Am Fish (11)_. 3% Pacific Coast - 8% Pacific Coast 1st ... 4% Pacific Coast 24 .. 30 Pagdific Finan t1.80_ 30% Pac Gas & Elec (2). 44% Pac Lighting (3)___ 144 Pacific Mills (a1) 11% Pac West'n Oil a65¢c 6% Packard Mot(ad5¢) 12% Pan Am Petr (a60c) 1% Panhandle Pro & R 18% Panhandle P&R of. 67 ParafneCo (2)__. T% Paramount Plet 59 ara Plc1stpf (6)_ 81 Param’t 2d pf $60c_. 17% Park & Tilford (2).. 2% Park Utab 40% Parke Davis (81%) Parker Rust P 13 4% Parmelee Transp’t. 6% Pathe Film Corp 10% Patino Mines (60c). 1% Peeriess Motor 60 Penick & Ford (13)_ 69 Penney(J C) (a7%) 3% Penn Coal & Coke 4% Penn Dixte Cement 28% Penn Dizte Cof A 17 Penn Gl 8'd cfsasle H\‘ Penna Rallroad(a3) Peoples GasChi._ .. “)‘ Pare Ms +* o - W08 1S S 1O e e OO0 ) LY 44 408 1408 8 2 15 8 73 2 10s 1n 1 5 3 90 3 40 1 168 2 143 5815 11% 1% A N 9 —% 1 Ui - % 63% — 4% Prev. 1930 eh, 18 19% 56% 54% 16% — % | 102! 1% - % 5l — % Y — % 33% + % 19% + % 2T% =1% Y% 120% - % 18t 13 31y 328 30% 228, 19% 283, 34 168 143 58 1% 1% % 70 68% 1311 124 1% 87 +1 145% + % 123 -3 130% +1 5 - u 43 +1% 30 + 4% 24 - % 110 +1 214 — % - % - -% -4 -% +1 + % - % - % reseesE & 1440010 + ++ 00040040010 2 270 265 265 111 111 111 13% 124 13% + % 47 30% 29% 29% — % 55 54% 55 2 103% 103 103'4 60 208 27% 284% 165 56% 26% 28% 16% 53 18% 26% - % 28% -1 16% - % 53 -1% 18% — & 110 +3 15 36% — % 16% — & 1534% -1 20% —-1% 12% 25 -2% 22% —1% 33% + % 36 - % 50 -2 A1% - % 21 61% — % 96% -2 b - % % + % 66 + 4% 21% 3% + % 484 ~ % 3B% — % 16% 3% lo I% 115% 108% 13% 3% 55% 1221 50% 113 66 24% 118 1333, 20% 14% 125 60 6% 4l 37 26% 357 20% % 81 21% 1061 27% T4% 184% 21% 105% 28% 149% 100 31% 32 21 33% 117 naw Iflh 92 165 115 7 2% 57 30 2% pet cn oFAm 859 10% Pfeifter Broew (1.20) 25% Phelps Dodgeal’% . 45% Phila Co 6% of (3). 81% Phila Co pf (6) new 8% Phila Rap Tr pf (d) 1% Phila & Read C& 1. 66 Phillip Morris (3).. 7% Phillips Jones _ 381 Phillips Pet (a23%)_ 5% Phoenix Hosiery. . 8 PierceOllnt ... 1% Plerce Petroleum.__. 28% Pilisbury F) (1. 60)- Ti Pitts Coal 714 Pitts Screw a5234c_ 2314 Pittsbursh Steel Co 49 PittsSteeipt . United Corp.. 21 Pitts& W Ve _____ 114 Pittston Co 11% Plymouth Ofl1 (t1) 12 Poor&Co(B) ... 4% Porto R Am Tob A_. 1% Porto R Am Tob B .. 6% Postal Tel&C p? (d) 17% Pressed Steel Car . 57% Press St 2d pf 2% _ 40% Proctor & Gam t1% 116 Proc & Gam pf (5) 39 PubSve N J (12.40). 103% Pub Sve N J pf (6). 36% Pullman Ino (1%).. 16 Pure Of1 o 91% Pure O11 6% pf ... 103 Pure O11 8% pf 9% Purity Bak (140c 9%, Radio Corp 6815 Radio Corp pf A 3% 5 Radio-Keith-Or (4) ll R R Sec 11l Cent ‘s Raybestos-M t1% __ aw, Reading (2) . 39 Reading 1st pf '2) 65% Real Silk pf (110%) 1% Reis (Robt) = 124 Reliable Strsas0e.. 17% Kem Rand (160c)... 4% Reo Motor Car ____ 167 Republic Steel 77 Repub Steel pt ¢ 78% Rep St pr of A (6). 10 Revere Copper 241 Revere Copper (A)_ 95 Revere C& Bpf5% 2214 Reynolds Met (1) 25 Reynolds Spring t1. 5874 Reynolds Tob (3) _ 50 Revnolds Toh B (3) 191 Ritter Dental (1) _. 32 Roan Ante (11.12) __ 5% Rutland RRDf 27 Safeway Stores(12) 96 Safeway Strs pf(5). 108 Safeway Strs pf (6) 110% Safeway Strs of (1) 22 StJoseph Ld (a1) . 1'3 St L-San Fran (d). 2% St L-San Fr pf (4)_ 7% St L Southw'n (d)_ 18 St L Sown pf (d) __ 378 Schenley Dist (+3)_ 94's Scheniey D pf (534) 1% Schulte R Strs (d) . 7% Schulte R S pf 1d)_ 5313 Scott Paper (12) Ta Seaboard Alr L (d) 2 Seaboard A L pf(d) 30t Seaboard Of) (1)__. 3'3 Seagrave Corp _ 59% Sears Roebuck (12) 14 Sears Rrts Jan 15 _ 61% Sec Nat Inv pf (3) 15% Servel Inc (11) 20% Sharon Steel (11.20) 4% Sharpe & Lohme 43'2 Sharp & D pf (3%) 11'4 Shattuck F G(t30e) 14% Shell Un O1l (a2Zie). 102 Shell Un O1) of 6% 8% Sliver King (60c).. 19% Simmons Co (a3)_. 313 Simms Petrol 193 Skelly O1 97% Skelly Oil pf (6) . 657 Sloss-Sheff pf (7 )._ 40% Smith (A V) 21 Snider Packing 1215 Socony Vac Ofl a70¢ 37s So Am G & Piadve) 26 South Port S (12) 25 South Cal Edis 111 23's Southere Pacific 12% Southern Ratlway.. 19 Southern Ry pf..._ 6% Spalding (AG).___ 63% Spalding(AG)1st pf 5% Sparks- Withington 29% Spencer Kell (1.60). 157 Sperrv C'p vte (al). 13 Spicer Mfg (a3) __. 44 Spicer Mfg pf 13) 63 Spiegel-May S (5) 21% Square D Co (al %) 14% Stand Brands 180c 120° Stand Brands pf(7) 913 Stand Com Tobacco 5 Stand Gas & E) (d) 913 Stand G&E $4 f (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 ot (4 2 Stand Inv Corp ___ 35 Stand Oof Cal (t1). 32% Stand Ofl of Mmd 1. 51% Stand Oflof N J (1 65 Sterling Prod 13.80 164 Stew- Warner t50c 14% Stone & Web (a25c) 9ta Studebaker Corp - 70 SunOfl (1) _ 118 Sun Ofl pf (6) 27 Superheater (a! 3 Supertor V1l = 9% Surerior Steel 23 Sutherlnd Pap +1.60 20% Swift & Co (11.20) . 28Y% Swift Intl Ltd «2) 15 Symgton-Gould ww. 12% Symingtn Gould xw 6% Telautograph (60c) 5% Tennessee Cop al5c 28% Texas Corp'n (1) 4% Tex: ulf Pr (ase) 33 Tex Gulf Sul (12).. 28 Texas& PacRR . T4 Tex Pac C & O a25¢. 9% Texas PL T (allc). 33% Thatcher Mfg (1) 8% The Fair = 85 The Fair pt (7) 814 Thermotd Co 3% Third Avenue _ _ 23% Third Nat Inv a1.90 24% Thomp Prod (al%) 4% Thompson Starrett. 14% Tide W Asso O 60c. 1005 Tide Wat A O pf(6) 124 Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c 14% Trans&Wn Air a25c 1% Tr&Wn A rts.Jan 6 10% Transue&W (160c) T4 Tricontinental a50c Truax-Tra C(a2sc) T4 Truscon Steel 2214 20th Cent Fox F a2 31% 20th Cent Fpf 1% 8% TwinCity R T - 65% Twin CRT pf 314 2% Ulen & Co 74% Und-Ell-Fish(a2%) 38% Union Bag&Pap (2) 71% Union Carb & C 3.20 20% Union Ofl Calif (1). 108% Union Pacit® «6) 903 Union Pacific pf (4) 22% Unton Tank C 1.20 20% Unit Afreraft a50c... 13 Utd Air L ( 24% Unitea Bisc 111 Uniied Bise pf 68 United Carbon (13). 5% United Corp (a20¢). 40% United Corp pf +3) 10% United Drug (a75c) 4 United Elec Coal 3214 Unit Eng & Fy (12). 661 United Fruit (13)__ 14% United Gas tmp (1) 109 United G tmp pf (5) 6% United Paperboard. 2 U S Distributing 13 U S & Forn Secu: 91 US&ForSlst(6). 24% U S Freight (11) .__ 80% U S Gypsum (12) .. 87% U 8 Hoffman — 81% U 8 Indus Alcohol.. 4% U 8 Leather vtc .. 10% U S Leather A vtc . 71 U S Leath prpf $4_ 21% US Pipe & Fy(1%). 8 Realty & Imp._.. 8 Rubber 1st pt 8 Smelting (a10) 5 United Stores (A) 57% Univ Leaf Tob (+3) 153 Univ Leaf T pf (8) 50 Untv Piet I8t pf 3% Utll Pwr & Lt (A). 1 Vadsco Sales Corp 30 Vadsco Sales Co pf 16% Vanadium Corp FINANCIAL. 215 p.m. Bales— 16' A3 5 25% 109 3% 2T% 116!. 48% 3 106% 11 65 212 20% 2 98Y% 408 110% 8 18l 1% 6's T 14% 431 808 308 110 108 111 504 6 100§ 110 16% 248 521y 10% T4 Ry 34 21'3 30% s 51t 9 104 2 40! 104 154 508 123 3 11 21 9 26 26% 3 68 17 3% 85 42% 38 45% 69% Tl 102% 25% 126 98% 263 28% 20% 29% 114% 85 P Y o e R e 17 98 31% - 108 101 8 3% 6 2 10s 42 29 2 5T % 111 15 274 281 16% 13 25 107 3% 3% 33 284 25% 261 815 2% 10% 27 72 53% 116% 478 106% 643 20 98 110 18% 10% % ST 143% 347 41 5% 8 2% 181 215, 28 97l 110 111 49% 2% 99y i10 4815 29 15% 2"1\ 49% Ry T4's T 34 207 30% 1035 40 15 123 11 101% 24% 124 « 9814 26 27% 195 29'y 114% 85 6% 43% 4% 4% 111 12 3% 16% — % 98 +1 12 3% 16% 98 3L 121% 121% 1™ 17 364 6 101 3% 1% 48 27% (Continued on Fifteenth Page) 31 3& ot 6 + % 12% - % ~1% -1% 17% - % ies. | X 4T% + % | Gustrials aeld sieady. with. l_eexdme %na o 20 61 95 85 48 @ + 1+ G -1 STOCKS IRREGULAR AFTER EARLY RISE Some Hold Moderate Gains, but Downward Drift Starts _ Elsewhere. Slock Averages SEFRFXFTES st AN Net changs Unuu L ;’4" o ;’m 317 Today noon. 94.6 Previous day 946 374 Month ago.. 97.7 389 296 3.1 993 435 3.4 302 63 312 495 185 216 3438 175 87 239 169 -146.9 153.9 184.3 157.7 - 516 953 618 618 509 51.0 527 443 53.7 434 4“1 69.3 69.3 1.6 55.0 728 55.7 56.1 ¥ S (Complled by the Associated Press.) FrEEry BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, December 28.—Stocks ran into difficulties today after se- lected market issues had been given an early lift of fractions to 2 or more Doints. While some of the oils, rails, air- crafts, rubbers and specialties man- aged to hold moderate gains, the | downward drift elsewhere helped to discourage bidders. Near the fourth | hour orices were ragged. Wall Street analysts again pointed | to cross-currents having to do with year-end selling to establish both | profits and losses for income tax re- v | turns, Share orders over &5 the three-day — Y3 | holiday piled up sufficiently to keep +1% | the ticker tape unusually busy for the - +4% l. first half hour. The volume then began to dwindle as leading stocks + % | were offered on a declining scale. -1%! -1% Ahead during the greater part of the proceedings were Standard Oils of % | New Jersey and California, Plymouth * | Oil. Amerada, Shell Union, Pure Oil, Santa Fe, New York Central, Seaboard Airline preferred. New Haven preferred, | Douglas Aircraft, Boeing, United Aire { craft, United States Rubber, Goodyear, | National Lead, Anaconda, Grevhound —1% | Corp.. Pittsburgh Screw & Bolt and + —3“ -2% = = + + 3 + 7 -24% o CANADIAN TRADE +H14+ H1H+ Tue Zoagt + 2 L ' Yellow Truck. *%| Down as much as a point or so '3 most of the time were Sears Roebuck, 1. | Montgomery Ward, Woolworth, Macy, Chrysler, General Motors. American Telephone, Consolidated Edison. United States Smeiting and Continental Can. # Backward also were United States Bteel, Bethlehem, General Motors, “ Nash, North American, Westinghouse, % General Electric, Du Pont and Borden. 1| The rails, on the whole, performed &% | to the liking of shareholders. Capacity 13 | pasenger traffic for many of the roads in the past several days was seen as & cheerful straw in the wind. In addie tion. year-end earnings of the larger transportation systems were placed |at the highest since 1929 with net operating receipts expected to top the | 1935 period by at least 35 per cent. LY «| GAINS 14 PER CENT % Bank of Montreal Review for 10 | Months Predicts Further Progress in 1937. Eypecial Dispatch to The Star. MONTREAL, December 28.—The | Canadian business level has risen roughly 14 per cent from the begine ning of 1936 to the end of October, o, | According to the current monthly busi- + | ness summary of the Bank of Mon- treal. “The outlook for the coming months 4| is propitious,” the bank reports. “Nothe | ing resembling a spectacular boom %l is in progress, but improvement by ‘has been visible in almost every line 1, | of economic activity, and it is signifi- 1, | cant that busmness failures in the first -2% nine months of this year fell to the -1% FUU+ 040 o ~ FEFEELEEF | R REE IR % 2 ST 121% H% -3 -2 1% - % 140% — % 6% - % 162'% 1624 152'fi 101 3 - % 1% - % -1% 2T% -1% | lowest point of the past 16 years. % | Among additional favorable Cana- dian business conditions, the bank 1 | States that most manufacturing firms have ample orders in hand which % | promise to keep plants well employed | throughout the Winter: primary iron and steel industries’ operations are | maintained at a good level: automo- | bile production for November was %l 5,451 units more than October; com- | modity prices remain remarkably 1 | stable, but the tendency is slightly upward, chiefly as the result of a further sharp rise in the price of | wheat and other grains. NEW YOR YORK COTTON By the Associated Press. NEW YORK, December 28.—Cotton advanced today to the highest levels since last July on active foreign and domestic trade buying, influenced by active domestic mill consumption and apprehension over the situation in Germany. March rallied 12.47 to 12.54 with the list advancing to net gains of 15 to 19 points, but reacted partially under realizing. In midafternoon it sold at 12.50, with prices generally 10 to 12 points net higher. | ¥ n.- Orleans Prices. NEW ANS. December 28 (P.— Cotton ld\lnced sharply at the opening here today. gaining more than 75 cents ; b‘nle under active trade and speculative uying. March opened up R points at 12.40 and then moved to 12.49 before the end of the Arst half ho May reached 1341, advanced 17 | potnts, white: uly ‘st To'a “vaa"un '3 similar &mount. The rally was attributed to stronger foreign markets. bullish cotton cloth re= ports and threais of war in Eur Today was first notice day for January and tenders for 900 bales were {ssued in that position. but they did not weaken gl‘ulg:non and it moved up with the rest ur, FEEFELEE Liverpool Quotations. LIVERPGOL. December 24 ().—Cotton, 1% rdin OR: Fitures Closed " steads. Dece! January, 6 R4: erth‘, 6.86: Mly 6" hl July, 6.79: October. FOREIGN MARKETS. IDON, December 28 (#.—Continued in commodity shares. especially &elgd nve Dprices & Am shares in fair demlnd Gl ed secu! the mining lrmlp ties & but, th anced. s-Atlantic siocks were ste: hut oime ralls showed ubward tendench ARIS, rrenlllrlli Drevailed. throus) sess entes weakened 0 65 points. but internaticnal road and - Sectricity shares L] ‘Bank "o ce shares lost 100 11 white Roval Dutch advanced 80 points FEE Goldblatt Bros.—President stated net of company for 1936 will be around $3.35 per common share; net in 1935 equaled $1.86 a common share. [