Evening Star Newspaper, December 31, 1936, Page 22

FINANCIAL. HUGE GAIN HERE Total Shows $192,873,379 Increase Over 12 Months of Last Year. Bank clearings in Washington in 1936 scored the astonishing gain ol $192,873,379.70 over the corresponding 12 months of 1935, according to the year’s summary reported this noon hy George H. Bright, manager of the Washington Clearing House Associa- tion. Clearings in 1936 totaled $1,127,930,- 22220 in comparison with $936,05 R42.50 in 1935. It is also shown that clearings in the final month of 1936 Jjumped to $109,547,622.74 against $86,- 978,862.63 in December 1935, The total for the year was almost back to the record for the Capital in 1931, while the December clearings ot more than $109.000,000 reached pretty well back to December, 1929, whea clearings in Washington totaled $116,- 074,630.10. Clearings by months, com- pared with the like periods last year, follow: 1936. 1935. January __$86,990,540.44 $69,566.823.40 February. 78.024,521.81 60,956,281.30 86,355,879.19 74,112,669.72 100,389.014.14 77,447,954.34 94,295,112,00 77,957,951.00 85,895,159.00 83,003.060.59 75,543,871.78 73,280,430.00 87,251,550 00 ----100,333,520.02 -- 82,745,029.41 Beptember 89,611,954.00 October __103.532,240.00 November_ 91,263,703.63 83,062.126.19 December 109,547,662.74 86,978,863.63 Record Year in District. The Federal Reserve Bank of Rich- mond announced today that business in the fifth Reserve district made greater strides toward recovery in 1936 than in any other year since the be- ginning of the depression. A steady increase in loans to com- merce and industry, continued absorp- tion of the unemployed in private in- dustry, a 10 per cent increase in the dollar volume of department store eales and wholesale trade. Record figures in tobacco manufac- turing, increased construction and a “moderately satisfactory” agricultural record were among the high lights of the fifth district'’s business year the bank said. C. & P. Income Reported. Operating revenues of the Chesa- ake & Potomac Telephone Co. for g;ovember were $892,102, according to the report of operations just filed «ith the Public Utilities Commission of the District of Columbia. This is a decrease of $7,342 from the previous month. Expenses, including taxes and in- terest, and deducting net non-operat- ing income, amounted to $726.141. leaving a balance before dividend of €165,961. Taxes for the month were $59,720. Waghington was served by 212.610 telephones on November 30, 1936, a ret gain of 1,310 telephones over the previous month. At the correspond- ing period last year there were 200,- 819 telephones in service. Telephone users in Washington made 23,583,000 calls during the month, as compared with 21,657,000 sver the same period last year. Dollars and Sense Appears. The December-January edition of Dollars and Sense, edited by A. E. $enze of W. B. Hibbs & Co., has ap- peared in the financial district and Ex:‘unu the doings of Washington pter, American Institute of Bank- Ing, in a particularly interesting way. An unusually long list of active fnembers, revealing wide concern in the educational work, is published. Five new “sustaining members” in- ciude Willlam H. Baden, Washington Loan & Trust Co.; J. A. Broderick, member Federal Reserve Board; C. F. Burton, president City Bank; George M. Fisher, Washington Loan & Trust €0, and M. S. Szymczak, another member of the Board of Governors of the Federal Reserve Board. . Chapter affairs are covered in de- ¢ail, from the meetings of the Women's Fommittee to bowling activities. Nor- gian E. Towson of the Washington loan & Trust Co. presents a review of 1936, with a look at 1937. The hapter has 20 more active members an at this time last year. Chairman J. Earle McGeary of the Pducational Committee announces that the second semester classes will start on January 18 and that a new eourse in bank accounting and audit ¢ontrol will be offered, instructed by Ralph Endicott, auditor and assistant treasurer of the Washington Loan & Co. Porterfield Is New Official. Appointment, effective tomorrow, of Pavid P. Porterfield, since October, 1920, director of marketing for the United Typothetae of America, inter- national trade association of the com- mercial printing industry, and since April, 1934, editor of that association’s official journal, as vice president of Batt, Bates & Co., Inc., is announced today by Dial H. Elkins, president of the 2l-year-old Washington direct sdvertising firm. Mr. Porterfield came to Washington {rom Indianapolis, Ind., where he had been in the printing business and ter the first secretary of the first tter Business Bureau there. At one ¢ime he taught advertising and also -lemunshlp in Indianapolis schools. For several years Mr. Porterfield took #n active part in the Parent-Teacher Association’s work at Central High School, from which two of his three sons have been graduated. He served one year as president, and was chair- man of the Publicity Committee, Heard in Financial District. ‘ Joshua Evans, jr., vice president of 4he Hamilton National Bank, and two directors, Horace G. Smithy and Roger J. Whiteford, are basking in the breezes at Miami Beach. They will re- turn to Washington next week. Three members of the staff of J. 8. Bache & Co. will be admitted as part- ners tomorrow, Charles T. Corey, Sam J. Smith and George Weiss, while Prev Bigh. 1 5% 378 7% 22% Address'gra us ZOK 81 27h 165% 37 398, 288 45% 103 64 1454 36 63% 145 190% 1021 104 150 18 274 1143 27 1i2 88 107 49 314 354 131 30y 544 10% 46l ‘Wire Direet to The 1983 Low. 9% Adams Exp (ab5e) . 17% Adams Millis(a1%) 1)- 1% Advance Rumiey. 58 Alr Reduction (91 2 Air-Way diec Applt 13 Alaska Jun (160c). 2% Alleg Corp (d) 12% Alleg pf w330w ( 12% Alleg pt wS40w (4 27 Allegprof(d) .. 26% Alleg Steel (a1.65)_. 157 Allted Chem () .. 23 Allled Mills (abfo)_ 6% Allied Stores(a20c). 85% Allis-Chaim (114). 19\ Alpha Port C(al%) Amal Leather .___. Amerada Corp Am Bank Note (11). Am Bnk Note pf (3) Am Brake Sh (12) Am Can (14) 1621 Am Can pt (7) 57% Am Car & Fdry pf.. 81 Am Chain (a4) 7% Am Colortype 20% Am Comcl Al (ab0c) 16% Am Crystal 8(abve) 89 AmCryssS 1st pf(6) 315 Am Encaustic ___ 615 Am & Foreign Pwr_ 26 Am & For Pw 36 pf_ 29% Am & For Pw §17 pf. 12 Am & For Pw 2d pf. 13 Am Hawahan (1)__ 4% Am Hide & Leather 81 Am Hide & L of (3) 37 Am Home P (12.40). 24 Am lce 9% Am Intrnat’l (a40c) 23% Am Locomotive 66 Am Locomo pf (33) 21 Am Mach&Fdvitl) 10 Am Mach & Met 60c. 27 Am M 35'% Am-News (NY) (3) Tl Am Power & Light. 36/ Am Pwr&Lt pf (6). 43 Am Pwr&Lt ot (6). 18% Am Radiator(160c) 1567 Am Radtator pf (7) 23% Am Roll M (11.20)_ 31 Am Saf Razor (12). 18 Am Seating(aZi).. 26% Am Smipulag (2) 56% Am Smelt&Ref (3). 20% Am Steel Fdry (al) 107% Am Steei Fy pt (7). 24% Am Stores (2).___. 48 Am Sugar (2) ____ 129 Am Sugar pf (7). 149% Am Tel & Leleg (9) 87 Am Tobacco (5)._ 884 Am Tobacco B (6)_. 136 Am Tobacco pf (6). 87a Am Type Founders 19'a Am Wat Wks adlc.. T% Am Woolen 52% Am Woolen pt (34). % Am Writ Faper (d) 4% Am Writ Pap pf (d) 3% Am Zinc & Lead 24 Am Zinc & Lprpf. 28 Anaconda Cop (11). 35 Anaconda Wirs 12.. 15'% Anchor Lap «6u¢) .. 9 Andes Copper __._. 3 APW Paper 37 Archer-Dan-M (12) 4% Armour «11inois) 104 Armour of 11l pf( 1) 66% Arm'r111)pt p1 16) 47% Armstrong Ck t1% 7' Arnold Conet (6d¢). 84 Artloom Corp 12% Asso Lrv GGoods 102 Assoc DG 1stpf(6). 59 Atch Toas 2 90% Atch To&S Fe pf(5) 21% Atl CoastLine(al).. 11 AuGult& W ind 26% Atlantic Refin (1) 112 Atlas Powder pf(5) 14 Atias Tack (a?bc)_. 26% Auburn Auto 5% Austin Nichois 29%3 Austin Nichols pf A 4% Aviation Cory (Del) 2l Baldwin Loco 1) _ 2% Baldwin Lo asad). 33% Baldw L pf asdid). 15°» Baltimore & Ubio _ 21 Baitimore & Oh pf_. 21 Barber Co (a75¢C) <. 13% Barker Brothers. 144 Barnsdall Ot (80¢) 16% Bavuk Cigars t75¢c 18 Beatrice Cream(f1) 35 Beech Creek RR(2) 85 Beech-Nut PKE(T4) 13 Beiaing Hem (1) 21% Bendix Aviatal¥%) 20 BeneficlaiL 1tl}) 48 -Best&Co (2%) . 45% Bethlehem Stlall;. 16'% Beth Sti 6% vf(l)-. 1073, Bethlehe St) pf(7)_ 23 Bigelow-San (11) 18% Black & Decker 25¢ X 142 Blaw-Knox (aslc) - 1672 Boeing: Airplane 40% Bohn Alum&RBr (3) 3y Bon Ami (B) (a3)__ 25% Borden o 11 60) __. 64 Borg- Warner (4)-.. 6 Boston & Maine 1'% Botany Min A «d) 12'a Bridgp't Brass 1400 43% Brigks MIg (12) 47 Briggs & Strat (3) 40% Bklyn Man Tr (4) x 4'3 BKIyD & Queens Y2 Bklyn & Qns pf(33). 4415 BKiyn Un Gas (3)__ 45 Brown Shoe (3) ... 84 Brunswick-Balke_.. 8% Bucyrus-Erie 9% Budd (E G) MIg 8% Budd Wheel (a20c). 20% Bullard Co (al%) .. 11'3 Buiova Watch 25 Burr Ad Mch(160c) 214 Bush Terminal (d) 14% Bush T Bldgs pfd) 7% Butler Bros (a60c) 29% Butler Bros pf 1% 2% Butte Cop & Z(ase). 1614 Byers (A M) 54'% Byers (A M) pt 22 Byron Jackson t1.. 30% California Pack 1% % Callahan Zinc-Lead 6 Calumet & Hecaido 30 Caumupbell Wy (11 10% Canada Dry G A_ mhm 63 9214 Case (J 1) Co (4) 543, Caterplliar Trac 13 21% Celanese Corpall 19 Celotex Carp 54 Celotex Corp pf 36 25% Cent Aguire 1Tld) 6% Centra: Foundry Co 35 Central RROfNJ. 615 Century Rib Mills_. 47% Cerro de Pasco (4). 8% Certain-teed Prod.. 574 Certain-teed pf (6) 19 Champ Pap & § (1) 22% Checker Cab Mfg .. 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80) 2% Ch) & East Ll ptid) 1% Chi Grt West (d) 4 ChiGrt Wptd) . 25% Chi Mati Urd(11%) 112 Cht My St P&P «d) 2% Cht M St P&P pt (d) 2 Chi&aNW @) 6% Ch1& N W pt (d) .. 1215 Cn) Preumatic Tool 40% Chi Pn Tool pf 33% 1% Chi R 1&Pac «d) 3% Chi RI&P 6% pf ‘d) 3% Chi R |&P 7% ofid) 19% Chi Yellow Cab (3). 17% Chickash Cot Ofl... 7 Childs Co S 25 Chile Copper (1) 854 Chryaler Corp(ai13) 15% City ice & Fuel (3) 72% City lce&F pt (83%) 4% City Stores 23% Clark Equip(+1.60). 83 Clev Granb Br ¢2) . 48 Cluett Peabody (3)- 84 Coca-Cola (13) ... 55% Coca-Cola A (3) 13 Colrate P-P (150¢). 100 Colgate-P-P pt (8)_ 66% 39% Colline & Atk v3 . _. !B‘A Colo Fuel & Iron Columb G & E as0c 81 Colum Plet vic ¢71) 24 Colum Plcevpt 3% 94 Colum Carb st t4) “ Comel Credit (14) 55 Com'l Invest T (+4) 14% Comoc’l Solv (160¢). - SErNAoaIme - Bales— Dividend Rate. Add 00. High. Low Close. fln’ 16% - % 2% +% 36 1 5 5 5 2 104% 104% 104% — % ‘18 41% 40% 20s 66 65% 1 70 69 13 118% 116% 174 59% 9% 8% o N oamm—ane - o o8 @Sm SR - (- e - [T NoL - PRS- LIPS 2 oo~ < 208 41 1112 8 13% 13% 22 264 25% 8 22 22% 1 60 60 70 77 75% b 194 19% 2 l’s 128 65 331 i - S BNE R W A Do lDI l'llfi A'l% L A 3 FEF FETIE 1+ 440 =T +10400 § FEESIE w2 1441444 FEESE EhEk BE 5 +1 seegsreresfs Tr+ld+l 0 +1 41440400 (S LR ~ FE TS FEFEFEE ¥ 4T% “ 111u l}gfi 115% -lK 19% + ¥ 88 + W 9y + 3 34% - % ~ NG_STAR, WASHINGTON, D. C, THURSDAY, DECEMBER 31, 1936. (CLEARINGS SCORE TRANSACTIONS ON THE NMEW YORK STOCK EXCHANGE ST0CKS IRREGULAR «¥ PMVM “‘ AM 87\‘ Conwlld N ! .. 109 102 Consol Ed NY pr(§) M 4% Consol Fiim 156% Consol Film Bt(t‘)- 3% Consol Laundries.. 11% Consol Ol (80e) 5% ConsolR R Cuba pt. % Consol Textile (d). 2 Cons Coal (Dsl)vte 12% Cons C (Del) pf vte 15% Container Corp (11) 10% Contl Baking (A).. 1% Contl Baking (B) 67% Contl Baking pf($9) 635 Cont’l Can (13) ___. 17% Cont} Dis Fibre(2). 85 Contl Insur (11.60). 2% (‘ontl Motors 281 Contl Of1 (Del)al%. 25 Contl Steel Corp(1) 55% Corn Ex BK&Tr (3) 63% Corn Prod Ref (13) x 4 Cotv ine 24 CraneCo 35 Cream of Wh't (12) 15% Crosley Radioal . 43% Crown C k& S (a4)_ T4 Crown Zelleb’s vio. 28 Crucible Steel....... 1% CubaCoO emeeen 9 Cuba RRDf ...... 6% Cuban-Am Sugar._. 6315 Cuban Am Sug pf__ 16% Curtis Publishing_. & Co - 27 Deere & Co pf(1.40) 1914 Deisel-Wem-G (t1) 36% Delaware & Hudson 147 Del Lack & West 4% Den&Rio GW pf (a) 4 Det & Mackinac 13 Det & Mackinac pf. 304 Diamond Mteh 1% 184 Dist (‘orp Seag Ltd 93% Distillers C'p pf(5). 41's Dome Mines (12) .. 508 Douglass Atrcraft 29 Dresser Mfg(A)a3. 13 Dresser Mfg(B) al. % Duluth S8 Atl 1'a Duluth S S & Atl pf 4% Dunhiil internat! 120 114 Duplan Silk pf (8) . 184% 133 Du Pont de N a6.10 116 111% Duquesne Lt 1st (5) 12% 5% Eastern Roll Mills_. 185 156 401 2814 15% % Eitington Schild 47! 30% Elec Auto Lite 12.40 115 110% Elec Auto L p1 (7). 17% 10 Elec Boat (260c) ... 7% 5 KEl& MusindalSc.. 25% 6% Elec Pw & Lt = 32% Flec Pw & Lt $7 of. 39% Elec Stor Bata2¥ .. 1 Elk Horn Coal (d)_. 113 Elk Horn C pf (d) 22% El Paso Nat G(1.60) 534 Endicottejohn (3) Eng Public Service. 5P S $5.50 ww 111_ uit Office B a200. Erfe R R 2d pf FEureka Vae C (80¢) Evans Product(t1). Exchange Buffet . Fairbanks Copf . Fairb'ks-Morse(t1) Fajardo Sugar (2).. Federal Lt & Trac Federal Mot Tr 406.. Fed Screw Works _ Fed Water Sve (A) "l‘lh Fed'd Dept 8 %) 38 Fidel Phoe F 1 11.62 24% Firestone T & R (2) 30 - 4613 3, Florence Follanab 32 Food Machine (1)_. 2414 Foster-Wheeler __. 95% Foster-Wheeler pf 30's Fourth Nat 1 12.35 2313 Freeport SulCo (1) 3% Gabriel Co (A) 15% Gar Wood Ind a55c_ 815 Gen Am Inv a7sc). 421 Gen Am Transp a3c 10% Gen Baking (160¢c). 7 Gen Bronze _...... 5% Gen Ca 17 Gen Cable A 34'4 Gen Electric (11)_.. 33% Gen Foods 11.80) 7a Gen Gas & Elec tA) 14 GenG&E 6%cv pIA 58 Gen Mills (3) 123 116 Gen Mills pf (6 77 537 Gen Motors (a43%). lzlv. 118 Gen Motors of (5)_. 5% Gen Outdoors Adv._. 3y Gen Pub Service _.. 3215 Gen Ry Signal (1) 2 Gen Realty & Util__ 2614 Gen Realty & V' pf__ 3314 Gen Refrac a3% ). 32's Gen St/ Casting pf 17 Gen Theatre E (a2) 13% Gillette Saf R (11)- 6% Glmbel $ros 39'3 Glidden Co (2) . 5214 Glidden cv pf(2%)- 3% Gobel (Adolf) . 6% Goebel Braw (120¢) 13% Goodrich (BF) (al) 74 Goodrich(BF)pf(5) 317 21% ioodvear I & R 1057 100 Goody r T&R of (5) 116's 87 Goodyear $7 pf (4)_. 14% 8% Gotham Sk Hose.. 4% 2 Graham-Pal 11% 1% Granby (24 D‘)-. 6% 3% Grand Onlonectfs__ 16 Grand Un pf (31%) 2414 Granite City Stl (1) 2815 Grant(W T)(11.40). 321 Grt Northern pt . 16 Grt North'n Ore (1) 42 31 Grt West Sug (3.40) 149'; 136 Grt West Sug pf(7) 39% 22 Green (H L)('0(t1) 17% 14% Greyhound (80¢)-- 4% 1% Guantanamo Sugar 66 24 Guantanamo Sug pf 198, 6218 63 129% 105 Gulf Sta Stl Ist $21 Hall( W§) Printing Hamiiton Watch Hamilton W pf (6) Hanna (M A) pt (5) Iker (12) 12 HatCorpof Am (A) 4% Hayes Bod 99% Hazel Atlas Gl (16) 12% Hecker Prod (60c). 2514 Hercules Mot (t1)_. 304 Holland Fur (a1%). 9 Holland&Sens t50c. 19% Holly Sugar (t3) . 22% Houd-Her (B) 1% 54% House Fin new (13) 6% Houston ULl vio 48% Howe Sound (13)... 3% Hudson & Manhat_ 13% Hudson Motor Car. 1 Hupp Motors ... 18% (llinots Central . __ 30 illinois Cent pf (A) 4% Indian Refin (a1) _. 25% Indu Rayon (11.68). £8% InlandSteel (13) _- 6% Inspiration Copper 10% [nter Rap T vto (d) 2% Intercont Rubber._. 9% Interlake iron 2% Int Agricuitural.... 22% Int Agricul or pf_. 10 Vn 56% int Harvester 3%_. m 148% Int Harvester pf(7) 10% 2% int Hydro Eleo (A) 8 4% Int Mercantile Mar. 10 intl Mining (a90c)- 43% Int Nickel (21.30)_. 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C) 20% Int Paper - Pwpt.. 87 Intl Print Ink (13).. 28 Intl Salt (t1%) - 156 int SH 50 Int Stlver pf 0 11% int Tei & Tel 10% Interstate D S ab0c. 24% 1sland Creek (3} 88 Johns-Manvillel12) 15% Jones&L 7% pf $3% 13 Kans('ity Southern 19% KansCSopf (a1) 23% Kayser J&Coal%) 19% Kelsey-H (A)al%. 17% Kelsey-H (B) al%. 14% Keivinator (160¢) ... 87 Kendallpt A (16).. 28% Kennecott (a1.70) . 17% Keysione S&W (2). 30 Kinney(GR)pf(al). 74% Kresge Dept Strs pt 20% Kresze (88) (1) 19% Kroger G&B(11.60) 20% Laclede Gas (St L). 15% Lambert Co (3). 16% 23% . Bigh. Low, 44% 1108 106 106 T 5% 4% 22 30 4 1508 8 21 40" 2% 44% 27 64% 6% 6 49 35% PEEEFTEEFEL 1 83% 83% 83% !2 105% 106% 108“ + 10 20 5 - 1708 308 5 15 1 17 17 28\‘ W 6 118‘\ 118% ll8'¢ 654 6314 1205 120% 121% 17 - 29% — 29 43% - ¥ Frer ++ & f#f.“ifi 631 & SEEIGESINEErESF 14% 44 564 A% 431 0% 86 30°% 15% 21 - +++l+4+|+l§4lll++l\‘#l+l4 46 +1% 1 =5 38 + 4 Y% 117% +1% 43 104 um 23% - % 12 - n 5% — W 17% - % 5 43% ~1% 105% +1% 157% + % Prev 1049 Low. T hno Bryant. 12 Lee Rub&Tire! ) 15% Leh Port Cem’t(a2). 2 Lehigh Valley Coal. 9% Lehigh Val Coal pt. 8% Lehigh Valley R R.. 89 Leh: Corp (13).. 12 Lehn & Tinkal%.. 874 Lerner Stores (13). 47% Libbey-Ow Gla3%. 7 Libby. McN & L al. 25 Life Saver (t1. 97% Lieg&Mvers B (14) 23% 19 Lily Tulip Cup t1% 25% Lima Locomotive_. 36 Link Belt (2)- . 8244 Liquid Carb (2.60).. 43 Loew'sine (13).... 2 Loft Ine 35% Lone Star Cmt(12)_ 3% Long Bell Lum (A). 38% Loose-Wiles (2) . 26% 21% Lorillard (P) 11.20_ lBl aflk 102% 35 37 23% 140 Lorillard (P) pf(7) 13 La Ofl Ref pf (d). 20 Loulsv GEEDIA 1% 5714 Louis & Nash ( 22% Ludlum Steel (1), 29 MeCallCorp (12)_. 12% McCrorv Stores 92 McCrory Strs pf(6). 40% McGraw Elec (12) . 16 McGra: 3814 Mcintyre Poreu 13) 83% McKes Tin P(a5%). 8% McKesaon & Rob . 37% McKess&Rob pf(3). 1115 McLellan Strs a00. 27% Mack Trucks (t1)_. 40% Macy (R H) Co (3). 8% Madison Sq G 1600 3415 Magma Copper (a3) 1% Manati Sugar (d)_. T4 Manati Sug ot (4). 7 Mandel Bros 12% Man El ma xtd (4). 17% Manhat Shirt (1)... 2% Maracaibo Uil Exp. 814 Marine Midl'd t40c_ 615 Market 8t Ry pt 2 Market St Ry 2d pf 11'a Murshall Field & Co 63 Martin Parry 27% Mathieson Alk(1%) 43'% May Dept Str (13) . 13'3 Maytag Co (a50¢) .. 12% Mead Corp 55% Melville Shoe (15)_. 6% Menge: Co 50 MengeiCo pf __. 40% Mesta Macha3% __. 5% Miami Copper 174 Mid-Cont Petal.15_ 21% Mid’ld Stl Prod (2) 65 Minn-Hon Ros 113%. 6% Minn Moline Pwr 57% Minn-Moline pf(13) 1% M St P&S S Marte 16% Mission Corp(a4sc) 5la Mo Kans & I'exas 14's Mo Kan & Tex pf A. 2 Missour: Facificid) 3% Mo Pacific of (d) 19% Mohawk Carp 11.20 . 35% Montgom Ward(t2) 1ik Mnt Wrd rt 6013 Morris& ks % Mother Lod, 28% Motor Prod (12) 15' Motor Wheel (1.60) 11% Mullins Mf.B)as0c 21 Munsingwear (13)_ 107% 102's Murphy G C pf ¢5)_ 22% (24 21% 474 19% . 21 14 Murray Corp (a50¢) 43 Myers(FE) & Br(3), 15 Nash Motors (1). . 2015 NashvChat & St L. 12'4 Natl Acme (a75c) .. 913 Nat Aviation (al).. 28% Nat Biscait (1.60) 307 Nat B'd & Inval.ll. 211 Nat Cash Reg (al). Nat Dairy Proal%. 112% 107% Nat Dairy P pt A(7) 112 107 Nat Dairy P pf B(7) 10 Nat Dept Stores 25% Nat Dist Prod (12)_ 26% Nat Lead (tine) - .54 Natl Mal'ble&Stl a2. 9% Nat Pwr & 1.1 (6ic) 574 Natl Steel (212) _. 19% Nat Supnly Co _ 74! Nat Supply pf 3% T Nat Tea (6¢) - 101 Natomas (1sve) _. 32 Neisner Bros (12)_. 60 110 1041 Newb ry (J J)p1(5) 40 83 49% 9 Newp't Indusaélc.. 32's N Y Alrbrake a2 .. 2% NYCenual RR . 17% N ¥ Chicago& St L. 36!s N Y Ch1 & St L p! 31a N ¥ Dock 10% N Y Dock pt N Y Investors (d).. NYNH&H () .. Y NH & H pt (4) Y ¥ Y Ontario & West Rys pf «d) Shipbuilding N Y Shipbidg pf (7) 83 N Y Steam pf «6) 9313 N Y Steam 1st (1) 11 Norfolk Southn (d) 6% North An Aviation 231 North Am Co (1) .. North Am Ed pf(6) E Northern Pacific 2 Norwalk Tire&Rub 12% Ohio O1l (abbe) . 241 Oliver Farm Equip 47" Qutiet Co (12) 13 Pac Am Fish (1 3'5 Pacitic Coast . 4% Pacific Coast 24 .. 30 Pacific Finan 11.80_. 30% Pac Gas & Elec (2). 44% Pac Lighting (3) - 14% Pacific Mills (a1) _. 152 118 Pac Tel & Telegal. 152 140 Pactfic T&T pfi6) _ 11% Pac West'n Oil a65¢ 1% Panhandle Pro& R 18% Panhanéle P&R pf. T4 Paramount Plet 59 ©ara Pic 1st pf (6)_ 8% Param't 2d pf $60c_. 1713 Park & Tilford (2)_. 2% Park Utah 40% Parke Davis (a1%) 23 Parker Rust P 113 414 Parmelee Transp't_ 6% Pathe Film Corp 10'a Patino Mines (§0c)- 1% I'ceriess Moto 69 Penney(J C) (a7%) 3% Penn Coal & Coke 414 Penn Dixte Cement 17 PennGlS'd cfsas0s 28% Penna Railroadia2) llG‘V‘ 110 Peoples Dr pt (63%) 29% 12 Poor & Co 38 Peoples Gas Chi 56 Pere Marquette pf 6414 Pere Marq pr pf $20 12% Pet C'p of Am a90c_ 10% Pfeiffer Brew «1.20) 26% Phelps Dodgeal% . 3% Phila Rap Tr (d) 84 Phila Rap Tr pf (d) 1% Phila& Read C& | 66 Phillip Morris (3) 381 Phillips Pet (a2%). 8 Plerce U1l pf 1% Plerce Petroleum _ 2814 Pilisbury F) (1.60). T Pitts Coal P Ti4 Pitts Screw a52%c_ 2314 Pittsburgh Steel 49 Pitts Sted) pt 1% Pitts Term Coal 1% Pittston Co 11% Plymouth Oinl (t: ).. (B) __ 4% Porto R Am Tob A.. 1% Porto R Am Tob B.. 6% Postal Tel&C pZ (d) l'lvn Pressed Steel Car . Press St 1st pf 25c. s'u. Press Stl 2d pf 2% _. 403 Proctor & Gam 1% Pub Sve N J (12.40) 29 lll 103% Pub 8ve N J pf Hill 12%c¢ x 164 146 PubSve NJ pf( 69% 36% Puliman Ine (1%). 24% 16 Pure U1l 118 914 Pure O1l 6% vt._.. 133% 103 Pure OliS% of _. 20% 9% Purity Bak (t40e) . 19% 16% Quaker Sta Ref 80¢ 14% 9% Kadio Corp 681 Radio Corp pt A 3% 5 Radio-Kelth-Or (4) 11 R R See (1] Cent 28% Raybestos-M t1%.. 9% Real Silk Hostery 65% Real Silk pf (310%) 12!% Reliable Strsable.. 17% Rem Rand (160e) 81 RmRndpfww d 80 10% 20 i -&— - LY CormaRBOAINN - NS o8 o &3 [ o RN REENDNONEN O -0 + + - % ll+:|¢l FLP FPFE FFEFSEE ¥ U+ 414+ I+ 414414 (8 M. 2 44140+ FEEREE ESEEELSE ESEL B8 £ 422 F AR e net U2 ¥ 14+ & e cw v8ss Bex sEwss #F F14+ 4+ Pl++++ 1+ 040014+ 107 107% 2 1544 154% 1544 +1% 30 69% 69 69u — % 197 21% 20% 20% — % 2 99 98 99 4+ % 408 1114 1111 111% +1% n 18% — 4 llh 184 + % + % | ruyidena vate. 16% Repubiic Steel 77 Repub Steel pf 313 8% Rep 8t pr of A (6)_ 10 Revere Copper . 24% Revere Copper (A) . 92 ReversC&Bpf5% 2214 Reynolds Met (1) 111 105 Reynolds M pf(5%) 364 601 % 10% 114% 110% 50% 22 % 25 Reynolds Spring t1. 50 Revnolds Tob B (3) 32 Roan Ante (11.12)_. 5% Rutland R R pf ! 1% St LeS&n Fran (d).. 2% St L-San Fr pt (4). 7% St L Southw'n «d).. 18 St L Sown pf (4).__ 11 Savage Armsal)__. Dist (13)_ Dpf (63) 531 Scott Paper (12) __ % Seaboard Afr L (). 2 Beahoard A L pf(d) 30 Seaboard Of1 (1)__ 315 Seagrave Corp 59% Sears Roebuck (12) 14 Sears Rrts Jan15__ 2% Necond Nati Invest 611 Sec Nat Inv pf (5) 15% Servel Ine (t1) . 20% Sharon Steel (11.20) 89 Sharop Stl H pt (5). 4% Sharpe & Dohme __ 434 Sharp & Dpf (3%)_ 11% Shattuck F G(150c) 30% Sheaffer Pen (2) 14% Shell Un Ol (a2e¢). 127'5 102 Shell Un Ofl of 6% - 14 6% 47 85 1184 72 8% Sliver King (60c)_. 19% Simmons Co (a3)... 314 Simms Petrol. ... 19% Skelly Ol . 54 Sloss-ShefMeld Stl_. 65% Sloss-Sheff pf (7). 40% Smith (A U) - 21 Snider Packing 12’4 Socony Vae Ofl a70e 3% So Am G & P(a30c) 26 South Port 8 (12) 25 SouthCal Fdis 11% 23'5 Southern Pacific 12% Southern Rallway. 19 Southern Ry pf . 6% Spalding (A G) 101'3 SpangCh&Co pf $16. 5% Sparks Withineton Spear & Co (a50c) .. 29% Spencer Kell ¢1.60). 15% Sperry C'p vte (a1). 44 Spicer Mfz pf (3) . 63 Spiegel-May S (5 21% Square D Co (al% 14% Stand Brands t80c_ 9% Stand Com Tobacco 514 Stand G El «a) 93 Stand G&E f (d) 24% Stand G&E 36 pf(d) 26% Stand G&E $7 nt (d) 2 Stand Inv Corp 35 Stand Oof Cal (11). 32% Stand O1l of fmd t1_ 5114 Stand Ofl of N J (*1 '« 24% Starrett (LS) t.140_ 65 Sterling Prod 13.80 1615 Stew-Warner t50¢ 14" Stone & Web (a25c) 944 Studenaker Corn 27 Superheater (a%c) 3 Superior Ol 9% Surerior Steel 23 Sutherind Pap +1.60 20% Swift & Co (11.30) _. 28% Swift Intl Ltd «2) 15 Symgton-Gould ww 12% Symingtn Gould xw 5% Tennessee Cop alsc ‘orp'n (1) fi‘u The Fair 85 The Fair pf (7) &3 Thermotd Co "' I'nird Avenue ‘4‘. Thomp Prod (al%) 4% Thompson Stariett 14% Tide W Ass0 O 60c X 4 100% Tide Wat A O pf(8) 12'a Timken Detroit(t1) s 56 Timken Roll B (12) 11 Transamerica t40¢c 147 Trans&Wn Air a2c 1% Tr&Wn A rts.Jan 6 10% Transue&W (160c). 7% Tricontinental as0c 4% Truax-Tra Cta2se) T% Truscon Steel 2214 20th Cent Fox F a2. 31% 20th Cent F pf 1% . 8% TwinCity R T 65% Twin CR T pf $14 2% Ulen & Co 3814 Union Bag&Pap (2) ‘1% Unlon Carb & C 3.20 20% Union Oil Calif (1) 'y 108!3 Union Pacific (6) . 22% Unmion Tank € 120 20% Unit Afrcraft a50c 13 (td Afr L (a2vc) __ 24% Unitea Bise <1 60) 68 United Carhon (13). 5% United Corp «a20c). 40% Unitea Cory, pr +3) 10% United Drug (a75¢) 15 Unit Dyewood(1)_.. 4 Unitea Elec Loal .o 6615 United Fruit (13)__ 14’4 United Gas 1mp (1) 6% United Paperboard 10 U S Listributing pt 13 US&For'n Secur.. 24% U S Freight (t1)__ 80% U S Gypsum (12)... 8% U S Hoftman — 31% U S Indus Alcohol . 4'3 US Leather vic ... 10% U S Leather A vtc_.. ) 16% U S Rubber 47 U S Rubber 18t pf. 2% U ss:-nemnl (a10) 4 46% U S St 154% 115% U S :stoel pr(T) ... 8% lN‘i 109 13% 86 % 10% T 19 39% 49% 12% % 18% 2% 86% 56 £ 6 United Stores (A). 50 Univ Plet istpt __ 3% Utll Pwr & Lt (A) 28% Van Raalte unu 4 Va-Car Chemicai 28% *ar Chem 6% pt El-& Pwr 0f (6) 4 Va iron Coal&Coke 70 Vulcan Detin (a8)_. 2% Wabashb (d) 5 Wabasn pt A (d).. 414 Wabash pf B (d) . 9% Waldorf Sys 11.20_. 30 Waigreen Co (3)._ 26 Walker (H) (2).cee 5l Walworth Co _____ 2% Ward Baking B ___ 9% Warner Bros Plect. % Warner-Quin (d).__. 4% Warren Bros 2 21 Warren Fdy&P(t1) 19% Waukesha Mot (1) 1 Welis Faigo 33% .Wesson U&S(150c) 91% West Pa Elec A (1) t Pa Elec pt (6) lec pt (7) Pwr pf (6) Pwr pf (7) n Maryland 9% W 31% Westvaco 5%t 13 21% Wheeling Steel - 18% White Motor 13% White Rk M 8(1.40) 3% White Sewing Mch. 16 White Sew Meb of.. 2% Wilcos U & Gas. 6% Wilson & Co (80c).. 70 Wiison & Co pf (8). 44% Wooiworth 13.40 23% Worthington Pump Worth Pump bt A 47 Worth Pump pf B 33% Yaie & Towne 160c. 8% Yellow Tr & Coach_ 42% Young Spr&W (13) 41% Youngs'tn Sheet&T 21% Zenith Radio I 5% Z.onite Products 1:00 P.M. . 3 -- 2108 9 FINANCIAL. 9! 12 39% 38% 39% +1% 2 19% 9% 79% +2Y% 92 27% + % 10s 92 7 2T% 92 26% 1 ua ll! 6 31% 13 56% 2 6% 5 8% 5 43 894 2 27 31% 30 1103 103 U 11 3 64 9 16% 208 414 10% 62% 164 41% 27% msg High. Low Close. Chge. 113 31 +100 P S I | |+ 4+ LR 1 AT YEAR'S IILUSE Labor Troubles and Income Tax Selling Depress Many Shares. Stock Averages Klfll I#u lfi- —1 —2 —1 511 170.0 51.3 70.1 521 107 45.0 55.7 53.7 128 434 557 447 56.1 216 3438 1 239 169 146.9 153.9 184.3 157.7 . 51.6 953 618 618 (Complied by the Associated Press ) M Indust. Net change. Unc. ‘Today, noon 95.6 Prev. day... 95.6 Month ago. 96.4 Year ago... 739 1936 high. 99.3 1936 low.... 73.4 1935 high... 76.3 1935 low.... 49.5 1932 low_... 17.5 1929 high. 1927 low.. BY VICTOR EUBANK, Associated Press Winancii Writer NEW YORK, December 31.—Soms= of the bloom faded from the stock market today as labor clouds darkened and year-end “cash” income tax seil- ing gripped all departments of the list. While a few sugars. oils, rails and specialties were moderately ahead near the fourth hour, many of Wednesda;'s vigorous leaders were inclined to give ground without much resistance. The threatened tie-up of the majcr motor makers as the result of grow- ing strikes in parts plants, with conse« quent repercussions in allied induse tries, tended to engender a warler at- titude toward the general run of stocks. Trading was rapid following the opening, with the ticker tape falling behind for a while. The volume | dwindled later as more offerings bee gan to appear. Carrier bonds edged forward in the | loans division. Commodities were | mixed. . Gains of fractions to a point or so { were registered for Fajardo Sugar, “- | American Crystal Sugar, South Puerto Rico, Ohio Oil, Great Northern, Union Pecific, Southern Railway, Worthing= FEFEFE & FE fi‘i'.f 4« - 1 | ton Pump, International Mining, Howe # - 1'a | Chemical, + =1y - = % 1 | Sound, Philip Morris, Du Pont, Allied North American, Deere, i3 | Oliver Farm, United States Industrial Alcohol, Sharon Steel, Gimbel and Macy. A shade either way were Santa Fe, % | New York Central. Pennsylvania, Ana= conda, Cerro de Pasco, Standard Oil |of California, Shell Union, General : Electric, Consolidated Edison, Radio | and American Telephone. Bethlehem Steel was off 2 or so at % | the worst, and lesser declines were dise € | played by United States Steel, Vae | nadium, General Motors, Chrysler, 1, | Sears, Roebuck, United States Smelte % | P ‘2. ,mz. Westinghouse, Goodyear, Pullman, L. | Loew’s and Paramount. < NEw YORK COTTON "% By the Associated Press. ") NEW YORK, December 31.—Year | end liquidation and limited demand - % caused cotton to sag moderately today. |+ 4+ FIH L4+ +1%) +|+|++u+ + - = + -1% + 354 + 83 +1% » + 50 22 - "%+ 8 uu % s‘uusmhumx.x.lmm 11:00 A M. 2 | 3| Trading was quiet owing to an in- clination to await announcement from | Washirgton on plans for release of 12« 1, | cent loan cotton. March sold off from | 12,50 to 12.37 and ruled at the low in % | midafternoon, when prices generally | showed losses of 3 to 9 points. CHICAGO GRAIN By the Associated Press. | CHICAGO, December 31—Year~ 1y (end profit taking today more than 4 ' wiped out 154 cents’ overnight advance % of wheat prices. | Only scattered buying of Canadian | wheat for export was in evidence. Late | reports said the weather in Argentina had cleared, and that concitions in 1 Avstralia were more favorable. At the close wheat was unchanged lower, May, 1.35's-%,: July, ; corn, 1. up, May, new, 's: July, new, 1.05; oats at 'z decllne to !, advance, and provisions Chicago Cash Market. Cash wheat, No. 1 hard, 142';; No. 2 mixed, 1.39'%; sample grade mixed, 138';. Corn, No. 3 mixed, 1; | mainly white, 1.11; mainly yellow, 1 [1.07'2; No. 3 mixed. 1.06; No. 3 yel~ 33 |low, 1.02; No. 3 white, 1.12%,a1.1213; %/ No. 4 white, 1.091:a1.10. Oats, No. 1 *| white, 5412: No. 2 white, S41,a5412; | No.3 white, 52':a54. Rye, No. 1, Wis= consin, 1.29; No. 2, Minnesota, 1.25'2, Soy beans, No. 2 yellow, 1.52!2. Bare ley, feed, 68290, nominal; malting, 1.00a140, nominal. Timothy seed, 585a6.10 cwt.. new, 5.60a5.85 cwt. Clover seed, 25.00232.00 cwt. % Baltimore Quotations. | . BALTIMORE. Decem! > o3, red Winter nmcxy Spot, domertic. 4573 December, 1.45 LOW YIELDS INCHEASE INVESTORS’ PROBLEM | Bs the Associated Press. g CHICAGO, December 31.—Edward B. Hall, president of the Investment Bankers' Association of America and member of Harris, Hall & Co., notes in year-end comment that current high prices and low yields for bonds have created a problem for investo: and bankers. 3| “Among other results of an excese 1 : sively easy money situation is the fact 7 | that many investors who formerly re- stricted their activities to conservative | bonds are buying stocks in the hope of % realizing a satisfactory return” he ~ 1 | said. % “Some will accomplish this end, oth= ers will be disappointed. For obvious reasons, judgment must be exercised even more carefully ir buying stocks than bonds.” VOLUME UP SHARPLY ON CHICAGO EXCHANGE By the Associated Press. CHICAGO, December 31.—Traders did the largest volume of business 3 |this year on the Chicago Stock Ex- change of any year since 1931, Thad- deus R. Benson, president, reported today. Share volume rose 59 per cent, com= % | pared with a 22 per cent gain in 1935 over 1934. The total was almost 20,- 14 [ 000,000 shares, compared with 12, 4 | 483.000 shares in 1935. b Dollar volume of transactions gained % (170 per cent. Price appreciation of a % | representative group of stocks was 37 per cent, while dividend payments made by listed corporations advanced 85 per cent. 2 O SR Stahl-Meyer, Inc.—Deficit, year ended October 31, was $47,095 againat deficit of $202,110 in year ended Octo- ber 26, 1935. h) \ ¢ 4 unchanged to 15 cents higher. » “ [\