Evening Star Newspaper, January 4, 1937, Page 12

A—12 %% BANK LOANS GROW IN FIFTH DISTRIGT Richmond Survey Reveals Advance of $27,626,000 in 12-Month Period. BY EDWARD C. STONE. Details from |the December review ©of the Federal Reserve Bank of Rich- mond, received here, disclose that between December 11, 1935, and the corresponding date in the year just ended, December 9, total loans and discounts at the 41 reporting member banks in the fAfth district rose by $27.626,000, of which $23,444,000 was in “all other logns,” which are largely commercial or industrial in charac- ter. Nearly 90 per cent of the in- crease in “all pther loans” occurred in the last four months. During the year investments in se- curities rose by $35,713,000, and the reporting banks added $18,943.000 to their reserve deposits at the Federal Reserve Bank. Cash in vaults shows a rise of $1.257,000 between the mid- dle of December, 1935, and December, 1936. Deposits in the 41 banks rose $72,793,000 during the year, of which $70.115,000 represented demand de- posits and only $2,678.000 time de- posits. Time deposits in 41 reporting mem- ber banks and aggregate deposits in 10 mutual savings banks totaled $404.- 607,375 at the end of November, 1936, 8 lower figure than $408,847.824 re- ported at the end of October, but above $393,097841 on November 30, 1935. Both member and savings banks reported drops in time and gavings deposits during the last month, but both classes of banks showed higher deposits than a year earlier. A moderate decline in time and savings deposits usually occurs around the first of December, when Christmas clubs are paid and many depositors withdraw funds for holiday buying. Building inspectors in 31 fifth dis- trict cities issued 2,853 permits in November, conipared with 2,142 per- mits issued in November, 1935, a gain of 33 per cent. Estimated valuation figures last mqnth totaled $6.913844, an increase of 31 per cent above the total of $5.267,569 reported for No- vember, 1935, and 129 per cent above $3.014,411 rerorted for November, 1934. Twentyuhrec of the 31 cities reported higher valuation figures for the 1936 month and 11 largest cities in the fifth district were included in the 23. Contracts adtually awarded in No- vember for copstruction work in thre fifth district, J:;ludm; both rural and urban projects. totaled $20.890.500, compared with $16.417.226 awarded in November,| 1935, and $3.599,431 awarded in 194, the survey discloses. Riggs Deposits $100,805,799. Robert V. Fleming, president of the Riggs National Bank, and the other | officers received many congratulations today on th¢ bank's crossing the | $100,000,000 mjark in deposits for the | first time sinpe the institution was founded. Th¢ statement of Decem- ber 31, 1936, shows total deposits of $100,805,799.28, Total deposi| date of the c $89.100,762.36, on June 30, 1936, the troller's last call, were | which means a gain in the last sx months of $11,705.- 036.93. a very substantial improve- ment. For sgveral years Riggs Na- tional has bden listed among the‘ largest banks|in the United States. Crossing the | $100,000,000 line will place the ashington institution much farther| up the list. Many other|local banks will report | notable gains fin their deposits in the | past six months when the next con- troller's call ij issued in a few days. The 22 banks|are expected to reveal | an all-time high record. Insurance Leader Retires. After 20 years as general agent of the Northwestern Life Insurance Co., A.L. | Baldwin retired on December 31 and | will be succeeded by his son, Roger L. Baldwin. | Mr. Baldwin, sr., will remain as a special agent. He was special guest Saturday night at a dinner at the Dodge Hotel in honor of his long an able service, George F. Clendaniel acting as toastmaster. In 1916 the Washington office wrote $800,000 in new insurance. It has since risen fo $3,500,000 annually. Twenty years| ago the office ranked sixty-seventh pmong the agencies. In 1936 it won second place in a Nation- | wide contest for new business. | The retiring general agent has the unique distinction of having had as- sociated with him in business his en= tire family of four sons and one daugh- ter. Roger L/ Baldwin, who succeeds him as the head of the agency, is 37 years old, grafuate of Alleghany Col- lege, former |cashier of the agency here and has been active in the busi- ness since 1922, having produced more than $3,000,000 in new policies. Joins Brown Harriman & Co. Sidney T. Thomas has become asso- ciated with B\Iown Harriman & Co. in the Washinglon office, it was an- nounced today. For several years Mr. Thomas has been vice president of Robert C. Johes & Co., another in- vestment firm. Brown Harriman & Co. also annolinced the opening of an office in Atlanta today. Belief that before many years have passed investment houses will be grateful for securities legislation and that the business of the stock broker 1s not doomed to desuetude, is ex- pressed by E. A. Pierce, head of E. A. Pierce & Co., in a year-end message sent to all offies today. Group insurance in 1936 reached the highest peak |n its history, according to a statement today by Thomas I Parkinson, president of the Equitable Life Assurance Society of the United States, which [naugurated this plan of protection for| employes 25 years ago. More employes are now protected by the various group coverages and for a greater volump of insurance than ever before, it was stated. Exnicios Joins Exchange. Marshall O. Exnicios, vice presi- dent of Robeft C. Jones & Co., was elected a merpber of the Washington Stock Exchange by the Board of Gov- ernors today.| He thus becomes the first new member in 1937. A native of Washington, he received his early education here and graduated from Dartmouth Callege in 1921. While at Dartmouth he took special courses in the Amos Tuck School of Business and 193 High 858 21Y% 55% 3 T0% 141 137% 178 60 8% 120% 16% 35% 82 8% 98, 50% 37h 63n 1003 -. Hnu 11‘ oo . 504 58l 121 51ty 22 21% 115 16% 14 354 59% 34l 167 334 6% 29% 8819 33% 48% 3 16% 40% 30% 16 181 % 48 128 1% 109 Th FINANCIAL. By Private Wire Direct to The Star. 4] 6 Stock and Low Dividend Rate 9% Adams Exp (abbe) 17% Adams Millis(a1%) 1% Advance Humiey 58 Ali Reduction +%1) 2 Alr-Way Elec Appli 13 Alaska Jun (160¢c). 21y Alleg Corp 1d) 12% Alleg ot w330w (4} 12% Alleg pf 3w (d) 27 Allex pr ot «d) 2674 Alleg Steel (a1.65) 23 Allled Mills wnsuc) 6% Allied Stores(a20c) 69 Allied Stores pt 16) 36% Allis-Chaim (t1%) 4 Amal Leatner . 75 Amerada « orp (2) 36 Am Bank Note (t1) 656 Am Bnk Note pf (3) 40 Am Brake Sh (t2)_. 124 Am BrakeSpof63%. 110 AmCan (t4) 162% Am Can pf (7). 30 Am Car & Foun 31 Am Chain & Cable . 111 Am Chain &C pf(5)- 7% Am Colortype 20% Am Comcl Al (a50c) 16% Am Crystal S(as0c) 3% Am Encaustic - 63 Am & Foreign Pwr_ 25 Am & tor Pw $6 pf. 29% Am & For Pw 37 pf 12 Am & For Pw 2d pf Am Hawatan (1) - Am Hide & Leather Am Hide & L pf «3) Am Home P (12.40) Am lce Am Ice pi 1) Am Intrnat’l (a40c) Ani Locemolive Am Locomo pf (33) Am Much&Fdvitl) Am Mach & Met 60c Am Meta: Am Power & Light. Am Pwr&Lt pf (6). Am Pwr&Lt pf (6). Am Radiator (160c) Am Roll M (11.20). . Am Saf Razor (12)- Am Seatingiazig).-. Am Stpbiag «2) Am Smelt&Ref (3). 2 Am Sm& et pt (1) 2 Am Snuff (13) Am Snuff pf (6) Am Steel k'dry (al) Am Steel Fy pf (7). Am Stores (2) . Am Sugar 12) Am Tel & Teleg (9) Am Tobacco t6) _ Am Tobacco B () - Am Wat W Ist (6) Am Woolen Am Woolen pf (34). Am \Writ Paper «d) Am Writ Pap pt (d) Am Zinc & Lead Anaconda Cop (11). Anchor Cap «60¢) Andes Copper Archer-Dan-M (12) Armour Dei pf (7) Armour «1)inois) Armstrong C'k t13% Arnold Const (50¢) Artloom orp . Asso Lry Goods Atch To& S Fea2 Atl CoastLine(al) Atiantic Kein (t1) Atlas Tack (a75c) - 16% Auburn Auty 5% Austin Nichols 4% Aviation Corw (Del) 2'3 Baldwin Loco +@) 2% Baldwin Lo asdd) 15°% Ballimore & Uhlo timare & Oh pf ang & Aroos (2%4) Barber Co (a75¢) - Baikes Brolbe Barnsdali O11 (80¢) Bayuk Cigars 175¢ Beatrice Cream(11) ook Hemn 1) Bendix Aviat(al%) Benehiciai o Tid) Best & Co (2%) . Bethlehem Stlal%. Betn Sti 5% vidl) Bethlene Stl ut(7) Black & Decker 25¢ Blaw-Knox (a8lc)- Boeing: Alrplane Bohn Alum&Br 13) Bon Ami (A) (a5) . Bon Amj (B) (a3) - Hotaen tu 1l 6V) . Borg-Warner (4) - Hoston & Muine Bridgp't Brass t40c trigems Mty Bristol-Myers 12.40 Bkivn Man Lt (4) kv n & Queens Bklyn & Qns pf(33) srunswick calke Hucyrus Erie Bucyrus-Erie pf(7) Huda kG MIe Budd Wheel (a20c). Bullard Co al%) -- Bulova Walch Burr A@ Mchtr60c) Butler Bros (aé0c) Butler Bros pf 1% Butte Cop & Z(asc). Byers (A M) 54'4 Byers (A M) pt 22 Byron Jackson t1 - 30% California Pack (") % Callahan Zinc-L¢ 6 Calumet & Heca ae 30 Campbell Wy «11) 10% Canada Dry G » 10% Canadian Pacine 12% Cap Adm (A) ab0e 45% Cap Aam pt A +3) 6% Carriers & Gen (30c 921 Case (J 1) Co 4) 54% Caterpillar Trac 2 21% Celanese Corpall. 19 Celotex Corp 54 Celotex Corp pf 35 26% Cent Agulre (113%) 6% Central Foundry Co 35 Central RKof NJ Central Violeta Sug 9714 Century R M pf (7) 47% Cerro de Pasco 14) 81 Certain-teed Prod 57% Certain-teed pf (6) 19 Champ Pap & F (1) 59 Chesapeake Corp:3) 51 Ches & Ohio (12.80) 2% Chi & East L1l pf(d) 1% Chi Grt West (d) ... 4 ChiGrt Wofd) _. 25% Chi Mall Orditid). 113 Cht Mi) St P&P (d) 27 Cht M St P&P pf (d) 24Ch1&NW @) 6% Ch1 & N W of (d).__. 1213 Cht Pneumatic Tool 40% Chi Pn Tool pf $3% 113.Chi R 1&Pac «d) 3% Chi RI&P 6% pf ") 315 Chi R 1&P 1% of(d) 19% Chi Yellow Cab (3) 17% Chickash Cot Ol . Ch'ds 85's Chry; 15% City ice & Fuel (2) 2% City lce&F f (6%) 4% City Stores 23% Clark Equip(11.60). 33 Clev Gravh Br (2) Cluett Peabody (3)- Cluett Peab of «7) Coca-Cola (12) ___. 13 Colgate P-P (150c). 100 Colgate-P-2 pf (6) 3915 Collins & Atk v3 __ 28% Colo Fuel & Iron._. 21 Colo & Southern 19% Colo & Soutn 1st pf 14 ColumbG & Ea40c 90% Col G & E pfA (6) 80% Col G & E pf (6) 31 Colum Piet vic (1) 24 Colum Picev pf 2% 94 Colum Carb viei14) 44 Comel Credit (14) 100% Comel Credit pf 4% 55 Com'l Invest T (14) 14% Comc’l Solv (160¢).. 2% Comw & Southern 59% Comw & Sou pf (3) 7 Conde Nast Pudb 30% Congoleum N 11.60 8 . onsol Cigar 724 Con C or of ww 6% 274 Consol B4 N ¥ 13 102 Consol £4 NY pr6) 4% Consol Film 107' 9l 8t 20% 1% 25 T 29% 2% 163 o Corp(al2) 124 84 SRaxoo b p.m. BN Loy Clows, Oues. 23 - QeRnecm S e _w Py Ao =Py ey 9 4% 1 116% 141 37} SO ROy o P PR T e e o OB e B RwNN S =t o] e R ’na 1 lZ 10 12% a9 Q‘A 6 141 87 274%, 394 80 36% 8% 1 37 3 23l 508 109 14 2% 66 17 608 Tl 1 354 2 86 11 67 26% 3% ki 4 116% 173 56 2% 116% 14% 1104 124 9o 138 864 6% 388, 80 367 8%, 374 22 108!y 1% 16% 71 3514 854 661 6 2% 13% 3L 2 4% 3 11% 23 61 . THE EVENING STAR, WASHINGTON, D. C, MONDAY, JANUARY 4, 1937. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:16 p.m. Net 154 26% 3% AB'& +% uu - % - -1 =1% +14 ety YW N N | LR BN RS 1936 Stock and gigh. Low. Dividend Rate. 1% Conti sinking « B)Y 67% Contl Baking pf(39) 63% Cont’l Can (13) 17% Contl Dia Fibre(2). + 85% Contl Insur (1.60) 24 +“ontt Motors 28% Contl Ofl (Del)al% 25 Contl Steel Corpt1) 55% Corn Kx BK&TT (3) 63% Corn Prod Ref (13) 4 oy ine 24 CraneCo 35 Cream of Wh't (12) 15% Crosley Radioal 43"x Crown C 'k& S (a4) 46% Crwn (&S ot ww 24 44 Crown Ck pf xw 23 102 Crown WP 1st $63%. -80s T% Crown Zelleb'k vic 9 28 Crucible Steel. 9 1% Cuba Co 6 9 Cuba RRpt 2108 6'4 Cuban-Am 8 35 63'3 Cuban Am Sug nl - 208 35'4 Cudahy Pkg (2%). x 167 Curtis Publishing. 99 Curtis Pub pf (7).. 4 Curtiss Wright 10% Curtiss-W (A) a50e 59 Cushmansof (3%) 36'4 Cushman Sons pf 43% Cutler Hammer t1 107 Dayton P&L pf 4% _ 52 Deere & Co 27 Deere & Co pf(1.40) 36% Delaware & Hudson 147 el Lack & West 4% Den&It1o GW pt () 1814 In<t orp Seae Ltd 934 Lustillers C'p pf(5) 19 Iixie \orrex (,3%) 40 Dixie Vortex A 214 2 Bales— 404 00. 174 2 16 20, 1 3 21 9 4 s 4 8 2 2 4 1 2 110 19'a 49 5 Dominion Stores ouziass Alreraft Dresser Mfg(B) al. Duniit internati Du Pont de N a6.10_ Du Pont deb (6) _. Eastern Roll Mills. Eaton Mfg (12) __. 1inkton Sehild Elec Auto Lite 12.40 Elec Boat (a60c) El & Mus Ind al8c lec P'w & Lt « Klec Pw & Lt $% pf_ " Flec Stor BataZ¥ .. Elk Horn Coal «d) . 1k Horn C bt (d) 17 El Paso Nat G(160) 1 Eng Public Service. Eng S $5 pf (310). Eaquit Office B a20c- 9 . Evans Product(t1). Exchange Buffet __ Fairbanks Co Fairbanks Co pt Fairb’ks-Morse(t1) Fajardo Sukar (2). Federal Lt & Trac . Fed Lt & Tr pf (6). Feaeral Mot Tr 40e. 28 81y 340, 31% 18% 0n 3 25 28 108 2 Fed Screw Works _ Fed Water Sve (A). Fedtd DS cu pf 4% Fidel Phoe F 1 71 63 Firestone T & R (2)x 17 Firestone pi A (6) First Nat Strs Fhntkote o (1) 2 Florence Stove 414 _ FlorsheimtA) (11) Follansbee Hros «d) Food Machine (1)_. Foster-Wheeler _ Francisco Suzar Freeport SulCo (1). Fuller Co pr pt Fulier Co 2d of _ Gabriei Co (A) .. Gamewell Co Gar Wood Ind a55c_ Gen Am Inv aTsc). Gen Am Inv pt (6) 3en Am Transp a3c Gen Baking (t6oe) Gen Baking pf (8)_ Gen Bronze Gen Cable Gen Cable A _ Gen Clgar (14) . Gen Cigar pf (7) ... 4 Gen Electric (t1)__. Gen Foods 11.80) __ Gen Gas & Elec (A) A8 Gen Mills (3) = 116 Gen Milis pt (6) 537 Gen Motors (a4%). 118 Gen Motors pf (6) 5% (;en Outdoors Adv 105 Gen Print Ink pf(6) 3l Gen Pub Service 213 Gen Ry Signai (1) Gen Realty & Util 613 Gen Realty & 1" pt_ 3314 Gen Refrac a8l ). 3213 Gen St asting pf 17 Gen Theatre E (a2) 301 Gen Time Inv (1) _ 13 Gillette Saf R (t1)_ 70 Gillette S R pf (6)- 6% Gimbel Yros 3913 Glidden Co (2) - 5214 Glidden cv pf(2%)- 37 Gobel (Adolf) 64 Goebel Brew (t2uc) 13% Goodrich (BF) (a)) 74 Goodrich(BF)pf(5) 21% tioodyear 1 & R 4100 Goody r T&R of (5) 14% 8'4 Gotham Silk Hose 415 2 Graham-Paige 11% 1% Granby Cons (new) 16 Grand Un pf (31%) 24'3 Granite City St (1) 2815 Graat(W T) (11.40). 321 irt Northern pi 16 Grt North'n Ore 1) 31 Grt Wt'n Sug i2.40_ 136 Grt West Sug pt(7) 22 Green (H L)Coit1) 14% Greyhound (180¢) - 1% Guantanamo Sugar 24 (Guantanamo Sug bt 3015 Gulf Mobtie & N pt 28% Gulf States Steel 6 Hall( WK)Printing 125'% 104 Hamilton W pf (6). 55 30 Harb-Walker (12)_ 18% 12 Hat Corp of Am (A) 9 4% Hayes Body 21% 12% Hecker Prod (60c)_ 41 251 Hercules Mot (1) _. 49% 304 Holland Fur (a1%) 124 108 Holland Fura pf(6) 9 Holland&Sons t50c. 19% Holly Sugar (12) 397 Houd-Hersh(A)2% 22% Houd-Her (B) t1% 54% House Fin new (13) 65'% House Fin pf 3% . 6% Houston U1l vic . 48% Howe Sound (13) 34 Hudson & Manhat #1315 Hudson Motor Car. 1 Hupp Mowors - 18% (1iinols Central 30 fllinois Cent pf (A) 4% Indian n(al) . 25% Indu Rayon (11.68). 106 tnzersoil Kana(12) 28% InlandSteel (13) - 64 Inspiration Copper 10% Inter Rap T vtc (d) 215 Intercont! Rubber_. 9% Interiake iron 2% Int Agricultural __ 47% 22% Int Agricul pr pf .. 194 160 Int Bus Mach (16)_. 105'% 56% Int Harvester 23 . 10% 2% int Hydro Klec 1A) 8 41 Int Mercantile Mar. 18% 10 intl Mining (a%0c)- 66% 43% Int Nickel (a1 30) _ 136 125% Int Nick(Can)pf(7) 28% 3% int Paper & Pw (A) 14% 2% Int Paper & Pw (B) 84 1% Int Paper & Pw (C) 98% 20% int Paper Pwpf 48% 37 Intl Print Ink (12). 3 Int Ry Cent Am vie 19% tnt itwv Cent A pt 23 Intl Salt (11%)____. 47 iniShoe 12, 15 tnt Siiver 11% int Tel & Tel 10% Interstate D S ab0c. 15 intertype Corp (1)- 24% Island (‘reek (2) 88 Johns-Manville(12) 75% Jones&L 7% pf 13% 13 Kansx 1ty Southern 17 Kauf'nn DS 11.60__ 237% Kayser J&Cotal¥%® 19% Kelsey-H (A) a1%. 1714 Kelsey-H (B) 813 1004 4 30 9 1 1 1 7 1 3 29'5 54% 15% 41% 147 122 24% 18% 5% 18% 5% 14% Keivinator (*b0c) 284 Kennecott (1.70) .. 108 1044 29% 42% 17% 17019 2 134% 0 e B tn 108% — 4 104! 29% 42 o5 1+ FI8s P41 L+4+ 44 Li4+4+1 1936 Stock and High ow. 454 154 Leh Port Cem't(a) 2 Lehigh Valiey Coal 1i 9% Lehigh Val Coal pf 22 8% Lehigh Valley R R. 123% 89 Lehman Corp (13)_ 65 37% Lerner Stores (12)_ 47% Libbey-Ow Gl a3l 7 Libby McN& Lal. 25 Life Saver (11.60)_ 97% Ligg& Mvers B (14) 26% Lima Locomotive . 86 Link Belt (12) 32'% Liquid Carb (2.60).. 43 Loew's Inc (v2) 2 Loftinc 3b'a Lone Star Cmt(12)_ 3% Long Bell Lum (A) 107 Loose-Wiles pf (5). 21% Lorillard (P) 11.20. 13 La Ol Ref of (4) 20 Louisv GEEDIA 13 224 Ludlum Steel (t1)_. 29 Mec Call Corp (12).. 12% McCrory Stores 40% McGraw Elec (12) _. 16 McGraw-Hill12%c. 38% Meintyre Poreu (2) 83% McKes Tin P(a5%). 8% McKesson & Rob 37% McKeas&Rob pf(3) 11'3 McLellan Strs a20e. 27% Mack Trucks (t1)_. 40% Macy ‘R H) Co (2). 8% Madison Sa G 160 34'3 Magma Copper (a3) 1% Manati Sugar (d) Tl Manati Sug pt (d) Manhat Shirt (1) ._ Maraeaibo U1 ExD 819 Marine Midl'd t40¢c. Marlin-Rock 1) 4 Marshall Fleld & Co Martin Parry Masonite Corp 2714 Mathteson Alk(1%) 43% May Dept Str (13)_. 13's Maytag Co (ab0c).. 12% Mead Corp 4 Mengel Co Menrel Co of . % Mesta Mach a3% .. Miam1 Copper 4 Mid-Cont Pet al.1b 21% Mid'ld Stl Prod (12) 5 Minn-Hon Kos 113 MinnHerpf B (4) 64 Minn Moline Pwr 57\ Minn-Moline pf(13) 16% Mission Corpta4ic) 5'3 Mo hans & |exas 14's Mo Kan & Tex pf A. 21 Missour: Pacificid) Mo Pacific pf «d) Mohawk Carp t1.20. Monsanto Chem 11 Montgom Ward(12) 1# Mnt Wrd rts Jan 29 41'a Morrell ) & Co 2 40 Mother Lodeal2’ze Motor Prod (12) Motor Wheel (1 60) Mullins Mf(B)asoe Mullins Mfg pf (7). Munsingwear (+3) _ Murray Corp (a50c) Nash Motors (1) __ Natl Acme (a75c) - Nat Aviation (al) ... Nat Hiscuit o1 60) at B'd & Inval.ll. at Cash Rez at Dairy Pro 28 154 1% 70 21 14 Nat Dlept Stores Nzt Dist Prod (12). Nat Lead (50€) atl Mal'ble&Stl a2 Nat I'wr & Lt (6ne) Nat Ry Mex Ist pf Nat Hv Mex 24 pf - (180e) Neisner Bros (12) _ Newp't Indus aétc_. N Y Cenuial K K 17% N ¥ Chicago & St L, 36's NYChi&StLpf . 3u N Y Dock 104 N.¥ Dock ot N ¥ Investors (d) .. NYNH&H ) NY NH & Hot 4 N ¥ Ontario & West N Y Rys pf d) N Y Shipbuilding .. N % Steam pf (6) _ N ¥ Steam 1st (7) Norfolk Southn (d) North Am Aviation North Am Co (1) .. Northern | Norwalk ORio O11 (abbe) - Jliver Farm Equip Omnibus Corp vte . Oppenheim Collins_ 241 Otis Elevator aTsc_ 123 Ous Elev pf (6) 1215 Otis Steer 47 Outlet Co (12) 13 Pac Am Fish (1) 314 Pacific Coast = 814 Pacific Coast 18t 30 Pacific Finan t1.80_ 30% Pac Gas & Elec (2)- 44% Pac Lighting (3) .. 141 Pacific Mills (al) 118 Pac Tel & Teleg a7 Pactfic T&T pf(6) Pac West'n Oil aé5¢ Packard Mot (ad5c) Pannandie Pro & R. Paramount Piet Para Plc 1st pf (6). Param’t 2d pf $60c_. Park Utah Parke Davis (al%) ‘Parker Rust P t1% Paruielee ‘I'ransp't Pathe Film Corn Patino Mines(160c). Poeriess Motor Penick & Ford (13). Penney(J C) (a7%) Penn Coal & Coke Penn Dixle Cement Penn Dixie C pf A Penn G1 S'd cfs a500 Penma Railroadta2) Peoples Drug «11) Peoples Dr pf (6%%) Pere Marquette Pere Marquette pf 4. Pet C'p of Am a%0c.. Pfeiffer Brew «1.20) Phelps Dodge 1% Phila Rap Tr (a) Phila& Read C& 1. Phillip Morris (3) . % Phillips Jones sm- Phillips Pet (a2%). 514 Phoenix Hoslery 8 Plerce U1l p! 2L 114 Plerce Petroleum _ 281 Pillsbury F) (1.60)_ Tia Pitts Coal 715 Pitts Screw a52%c¢._ 2314 Pittsbursh Steel Co 49 Pitts Stees pt 2% Pitts United Corp 581 Fitts United C of 21 Pitts& W Ve 11% Plymouth Ofl (t1)._. 12 Poor&Co(B) . 4% Porto R Am Tob A _ 1% Porto R Am Tob B . 6% Postal Tel&t pZ (d) 171 Pressed Steel Car 17% Press Stl 1st pf 25¢c. 401 Proctor & Gam 113 12215 115% Proc & G;am pf (6) 50% 39 PubSveNJ (12.40) 130 113% Pub Sve N J pt (6). 697% 36% Pullman Lne (1%) 24% 16 Pure OIL 133% 103 Pure Ol 8% pf _. 20% 9% Purity Bak (t40c) .. 19% 16% Quaker Sta Ref 30c 14% 9% liadio Corp 80 68% Radlo Corp pf A 3% 5 Radio-Kelth-Or (d) 11 R K Sec (11 Cent. 287 Raybestos-M t1% _. 17l Kem Kand «160c) 99%4 Rensselaer & S (8) 4in 1ie0 Mutor Car 16% Republic Steel ' 78% Rep Sti pr of A (6) 10 Revere Copper 24% Revere Copper (A) 90 Revere C&B prad% 22% Reynolds Met (11) 26 Reynolds Spring t1 % 50 Revnolds Tob K «3) 74% Ruberoid Co (t1) .. 27 Safeway Stores(12) 231 11% 13% 6% 1% 25 Ta 174 59 22% B4 Sl 2% 50% 40% 3214 23 10 4n 6% 104 | - M 1 | FE & FETEES FRE FEE FESFE & F FF - I++ 144+ t+p - Ty FEF F& FFEEF Lo+ 00 - B FEFLPFFEFE 5 FE 49% 29 968 Safeway Strs pf(5) 130s 99 38% l 2% 16% 11 +% 17% 184 - W 118 - 4 56k —2% 69% + % 9% + % 26% — % 107 - % 59 -1 b4y - Y% 43% — % ll l’l% A HE A4 & FESELES - 3 TN & IF FPEE FES I+ I++9 ~ 5 35% 513 40 152 149 22% lDK 21"1 23% 24'6 170 166 170 22 4% 43% P+ 44 | + - ¥ EFEPEESTIET 19% 1 lfl'/g 10 1 m 0 18% 17% 10% 1% Th 14% 35 1% - % 1. =% 5! 5 5 28 27% 2T% - % L 99 99 99 23 39% 37% 39% + M 1% 77 1T —1% 2 208 128% 128% 128% ~1% 6 26% 268 26% — % 5 291% 20W 29% -1 20 57% 56 56% — % 1117 117 117 =2 7 42 41% 42 98% 98% 1936 Dividend Rate. Add on !uh. Low. Close. cm digh. Low 2:18p.m. Btock and Dividend Rate. 1 Bt L-San Fran ). 2% St L-San Frpt (4). 7% St L Southw'n (d). 18 St L Sown pf (d)._. 11 Savage Armsal) 37% Schenley Dist (+3)_ 93 Scuentey L pf (634) 1% Schulte R Strs (4) 7% Schu'te R 8 of «d)_ 58'% Scott Paper (12) ._. % Seahoard Afr L (d) 2 Seaboard A L pf(d) 3014 Seaboard Ol (1) 59% Sears Roebuck (12) 1% Sears Rrts Jan 15__ 15% Servel Inc (11) 20% Sharon Steel (1.20) 4% Sharpe & Dohme .. 43'% Sharp & D pf (3%) 11' Shattuck F G(t50¢) 30% Sheaffer Pen (2) 14% Shell Un Oil (a25c). 127% 102 Shell UnOll of 6% 8% Silver King (60c) 19% Simmons Co (83)... 3% Simms Petrol 19% Skelly O11 54 Sloss-Sheffleld Stl._. 40% Smith (A O) 21 Snider Packing 125 Socony Vac Ol a70¢ 3% So Am G & P(a30c) 26 South Pert 8 (12) 25 South Cal Edis 11% 2313 Southern Pacific 12% Southern Raliway. 19 Southern Ry pf 6% Spalding (A G) Bales— Add 00. High. Low Close. chlt 63'% Spalding(AG)1st pf 100s 5% Sparks- Withington 15% Sperry C'p vte (al) 13% Spicer Mfg (a3) ___ 44 Spicer Mfg pf «3) 63 Splegel-May 8 (5)_. 14% Stand Brands t80c_ 129 1207 Stand Brands pf(7) 13% 9% 27% 62 2% 3% 4T 485 T0% 407, 8y 24 30's 157 94 Stand Com Tobacco 514 Stand Gas & El (4). 9'5 Stand G&E $4 of (d) 24% Stand G&E 36 pf(d) 26% Stand G&E $7 pt (d} 2 Stand Inv Corp.. 35 Stand O of Cal (11 32% Stand Ofl of fnd t1 51'a Stand Ol of N J (1 24% Starrett (LS) 1.140_ 65 Sterling Prod 13.50. 16'% Stew-Warner t50c. Stokely Bros & Co _ 14% Stone & Web (az5c) 9% Studenaker Corp 70 Sun Ol (t1) 118 Sun Ofl pf (6) 27 Superheater (a%c) x 3 Superior UN i 9% Superior Steel = 20% Swift & Co (11.20)_. 284 Swift Intl Lta «2) 15 Symgton-Gould ww 12% Symingtn Gould xw 6% l'elautograph (6ic) 58 Tennessee Copalic. 287a Texas Corp'n (t1) 4% Texas Gulf Pr (a5¢) 33 Tex Gulf Sul (12)__ 28 Texas& PacR R 7' Tex Pac C & O a2be. 9 Tcxls PLT (alle) tcher Mfg (t1) Ev 1r pt (7) 8! Thermotd Co .. . 3% I'hird Avenue 24% Thomp Prod (a1%) 472 'hompson Starrett 26 Thompson Star pf 14% Tide W Asso O 80c 100% (ide Wat A U pfi6) 12'a Timken Detroit(tl) 56 Timken Roll B (12) 11 Transamerica t40c 147 Trans&Wn Aira2sc 1% Tr&Wn A rts,Jan 6 10% Transue&\W (160c) 7ix Tricontinental ailc 4% Truax-Tra Cta25c) 2213 20th Cent Fox F a2 31% 20th Cent F pf 1% 8% rwinCity RT . 65% TwinCR T pf 314 2% Ulen & Co 38'3 Unton Bag&Pap (2 1% Union Carb & C 3.20 2813 20% Union Ofl Calif (1) 149% 108 Union Pacific (8) 100 31n 324 22 374 33m 96, 9 1241 116‘5 lZ‘n 9% 96 507 153's 160 123'5 33% 32 35% Approximate Sales of Stocks on the N. Y. Stock Exchange. | 1100 A M 1:00 P M. 109 904 Unton Pacific pf (4) 22% Union Tank C 1.20 20% Unit Alrcraft asoc 13 Utd Air L (a20¢) ... 164 United Am Bosch . 24% United Bisec «1.60) 68 United Carbon (13) 22% Unit-Carr Fast(t2) 5% United Corp (a20c) 40% uitea Corp pt «3) 103 United Drug (a75¢) 15 Unit Dyewood(1) . Unitea Elec « oal Unit Eng & Fy (12) United Fruit (13) United Gas imp 1) Cnited G Imp pf (5) Unit Paperboard (n. U 'S Listributing Bt U S & For'n Secur.. U S Freight (t1) ._. U S Gypsum (12)_.. U S Hoftman = U S Indus Alcohol... U S Leather vic _. S Leather A vtc _ Leath pr pf 34- Ploe & Fy(1%4). Realty & Imp . 4 32t 665 14'a 10 13 244 B0y 8% 314 4 10% 71 21'% T 16% 47 2% ‘6‘1 .-- U 8 Steel pt (7) U S Tobacco (15) - United Stores (A) Univ Leaf Tob (13) Univ Pict 1st pt Utll Pwr & Lt (A). Vaasco Saies Corp Vadsco Sales Co pf -Car Chemicai r Chem 6% pt Va Lron Coal&Coke Wabasn (d) in pt A (d) Bys 11.20.. WalworthCo ... Ward Baking B _ Warner Bros Plot_- Warner Bros pic pf. Warner-quin (d) - Warren Bros = Warren Fdy&P(t1) Waukesha Mot (1). Wells Faigo Wesson U&S(160¢c) Wesson O&S pf (4) West Pa Elec A (1) West Pa klec pf (8) West Pa Elec pf (7) Western Maryiana Western Paeific . Western Pacific pf. Union (a2). ‘h'se A Bal%. Westh se El (a5%) Westh'e 18t pf 515 West'n El Lnst a86c 19% Westvaco Chlor (1) 31% Westvaco 6% pf 1% 21% Wheeling Steel __. 84 Wheeling Stl pf(36) 18% White Motor 13% White Rk M 8(1.40) 3% White Sewing Mch. 16 White Sew Mch pt.. 2% Wilcox Ul & Gas. .. 6% Wilson & Co (60c)—. 44% Woolworth (3.40) . 23 Worthington Pump 56 Worth Pump pf A.. 47 Worth Pump pf B.. 63 Wrigley W ir (t3)_ 33% Yale & Towne t60c. 8% Yellow Tr & Coach 8315 Yellow Tr&C pf 335 42% Young Spr&W (13) 41% Youngs'tn Sheet&T 21% Zenith Radio 5% Zonite Products 94l 22% 430,000 930,000 2 rates as given i ine [tE 13 17 3 x 408 4 38 208 4 13 FINANCIAL. 1% 112 + % 46 3 6% 13% 2814 14% 4“ 95% 2% 13213 83 102 4 208 1008 508 West Pa Pwr pf (7) x 108 7 9 14 8 32 19 108 1294 43 T6% 5 334 1 9 v Nooa. 0 P.M. 46 3% 8%~ % 13% 28 4w - % “ -4% 95% +1 2% + Y% 17 —-1% FEES 11 SEELE EE +1 00+ 2 31y rEREN 7% 3% 518 20% 129 43% 5% . 730,000 1.120,000 Dividena e wne sno! Dayments basen oL the iatest cuuuny or DAt yenrs dech s Unit of (racms .ess than 100 including extras = % | oBaid et voar zBx reorganised. snares x m-nu-v.u JMunu jes reported in T Annuar stenot & Pald «his sear D or being MOTOR AND STEEL STOCKS LEAD DROP Early Losses of Fractions to 3 or More Reduced in Late Trading. Stock Avernges J 15 80 1Y cmn“_fmun Ralls um Stks Today noon 94.1 37! !Ilfl 69.1 Previous day 94.6 38.0 51.1 69.4 Month ago.. 95.7 379 51.7 70.1 Year ago— 734 30.7 455 55.7 1936-7 high. 99.3 43.5 53.7 728 1936-7 low.. 73.4 30.2 434 55.7 1935 high_.. 763 31.2 44.7 56.1 1935 low.... 49.5 185 21.6 348 1932 Jow.... 17.5 8.7 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low.... 51.6 953 618 618 (Comptied by the Associated Press.) BY VICTOR EUBANK, Ascociatea Press Financial Writer. NEW YORK, January 4.—Stocks | generally were on the down grade in today's market, with automotive and | steel issues leading the slide. Wall Street showed concern over the threatened labor tie-up of Gen- eral Motors’ plants throughout the country and speculative forces stepped carefully. Trading was slow during the greater part of the session, however, and early declines of fractions to 3 points | or more were substantially reduced near the final hour. Steels stiffened in the afternoon when the American Iron & Steel In- stitute estimated current mill opera- | tions at 79.4 per cent of capacity, up 24 points from the preceding week at a record since March, 1930. Transfers were around 1,700,000 shares. % | | 5314 o | weight; NEW YORK COTTON By the Associated Press. NEW YORK, January 4.—Prospects for the removal of a tight spot cotton situation through the release of cot- ton from loan stocks by the Commod- ity Credit Corp. in February and March caused liquidation in cotton today. March sold off from 12.38 to 12.28 and at midafternoon was selling at 12.29, when prices generally showed net losses of 11 to 13 points. New Orleans Prices, NEW ORLEANS. January 4 P —Cotton points m’riw opening of the on s scale down to be based on Gov ernment plans for 2-cent loan on Mareh nn-nm at July at 12715 and Ociober a Business was limited on the deciine. Liverpool Quotations. LIVERPOOL. January 4 (P._Cotton 15000 bales. including 4 500 American Spot _moderate business done: prices points lower Quotations in pence. Ameri- dlinz. 782 good middling : strict_low micdling & 82 5. strict good ordinary. 5 Futures closed . 8.7% March_679: May. :' October. 6.47: De- tember 6.4 CHICAGO GRAIN By the Assoc'ated Press. CHICAGO., January 4 —Corn soared more than 2 cents a bushel today to the highest prices May and July de- liveries have reached in 10 years—$1.11 i and $1.07, respectively. Extreme scantiness of receipts of corn appeared to indic2t> a holding movement on the part of growers. | Renewed attention was given to offi- ! cial reports showing the season’s corn crop was about a third smaller than a year ago. At the close. corn was 1l3a2's above Thursday's finish: May, 1.1075al.11; July. wheat, '.a% up: 1.1875a1.19; oats. ",a‘. Bd\anced und provisions varying from 12 cents set- back to 12 cents gain. Chicago (‘l!h Marl(cl Cash wheat, No. 2 mixed, 1490, mainly red; corn, No. 4 mixed, 1.06; No. 3 yellow, 1.10-12; No. 4 yellow, 1.05-10; No. 3 Whlll. 1.13'2-14; No. 4 white, 1.103;-1114; oats, No. 1 | white, 54-5515; No. 2 white, 53-5312; No. 3 white, 53-53'; : rye, No. 1, 1.29';: No. 2, 1.20'2~ | 25: scy beans, No. 3 vellow, 1.51%- | 531: No. 4 yellow, 1.511: barley feed, 63-90 nominal; malting, 1.00-40 nom- inal: timothy seed, 5.85-6.10 hundred- new, 5.60-85 hundredweight; i clover seed, 25.00a32.00 hundredweight. No. 4 white, Raltimore Quotations. BALTIMORE, January 4 () —Wheat. No. d Wirter, IlrllckY. spot domestic. *|ELECTRICAL APPLIANCE SALES AT RECORD LEVEL By the Assoclated Press. NEW YORK, January 4.—Record sales in 1936 of consumer electrical appliances were reported by W. J. Donald, managing director of the Na- tional Electrical Manufacturers’ Asso- ciation. Sales, totaling $177,800,000 showed an increase of 28 per cent over 1935 dollar sales and 13 per cent over the 1929 figure, he said in a review of the past year. For the industry as a whole, he re- ported, sales were up 34 per cent to $1,843.000.000, compared with $1.- 374,000,000 in 1935 and $2,541,000,000 in 1929. e VISIBLE GRAIN SUPPLY. NEW YORK, January 4 (#).—The visible supply of American grain shows the following changes in bush- els: Wheat decreased 1,136,000; corn increased 1,049,000; oats decreased 1,131,000; rye decreased 160,000; bar- POWER OUTPUT GAINS. NEW YORK, January 4 (#).—Elec- tric output of 19 major utility systems 28 lnf the week ended December 26 ::"’ 1% | showed changes from s decrease of 17 -l. 1323 per cent to an incresss of 378 per cent compared with the like 1935 Honey in Porch Posts. week, Dow, Jones & Co. reported. In| por years bees swarmed in the the preceding period changes varied | Porch posts at the home of Mrs. Ora from a decrease of 8.9 per cent to a | Adsms of Maplehll, Kans. A farmer gain of 20.1 per cent, compared with the same 1035 week. p 15% Consol Film pf($2). 3% Consol Laundries 11% Consol Oil (89¢) 5% ConsolR R Cuba pf. 2 10% % Consol Textile (d) xl 1 2 Cons Coal (Dsl)vte 8% 12% Cons C (Del) pf vto l”l IG 16% Container Corp (11) 5 205 10% Conts Baxing (A).- 38 uu 80 ley decreased 1.212,000. 17% Keysione S&W (3) 30 Kin 20% Kre: 19, Kroger G&B(11.60) 201 Laciede ias (St L) 32 Laclede Gas St L ot 15% Lambert Co (3) 12 Lee Rub&Tire! PBEIGHT LOADINGS 158 16% day Americar| Security & Trust Co. stock sold at and 295, a new high, and 300 shares of Columbia Title changed hands at 15, also & new high : S T ST ET T S / v