Evening Star Newspaper, January 6, 1937, Page 17

v N . CURB LIST TAKES UNEVEN COURSE Metal and Utility Issues Have Buoyant Tone Dur- ing Session. By the Associated Press. NEW YORK, January 6.—Metal and | utility shares showed baovant strength in a somewhat uneven Curb | market today. American Gas & Electric, with a jump of more than 3 points, continued to hold first place in the power group. Electric Bond & Share, Northern States Power “A,” American Light & Traction and United Light & Power “A” were up fractions to around & | point. Newmont soared about 5 and Bunker Hill & Sullivan added 1!;. Creole Petroleum, Gulf, Aluminum Co. of America and Wayne Pump rose frac- tionally. B M’CRORY STORE SALES WELL ABOVE YEAR AGO By the Associated Press. NEW YORK, January 6.—McCrory Stores Corp. reported today December sales of $6,714,248, compared with $6.268.355 in the like 1935 month, an Increase of 7.1 per cent. In the 12 months ended December 31 sales to- taled $40,234,940, against $37.428,719 in 1935, a gain of 7' per cent. In November sales decreased 1.6 per cent from the November, 1935, level. The company operates 5 and 10 cent stores throughout the country. CURB BONDS DOMESTIC BONDS. ! HQQQ00 Fro X gz al e, O 20 0 ot 2002 = 2 3% | Brown Forman __ Emp O & Erie Light Florida P & L Indiana Ser Ind Hy-El 55 '3 Interc Pw 65 4 Kentucky U 1 Is Lt 6s '45 d Rad 103 94' 947 43, R0Ls 7013 793, 10034 10055 10034 013 10138 10134 87ty Nils Rily i Sec 55 '48 _ 8hw W&P 4135 '67 A 8 E P&L 6 A Sou Cal Ed 33 '60_~ Sou Cal E 33,5 60 B Souw As T 55 '8l A 5 A 1% Ta0ts a0is 8913 89l AT 80z ROV 105! Stand P&L 63 57 Tenn Pub 8 55 'i0 FEESE S W York Rwy Co. FOREIGN BONDS. Chile M B 65 '31 mat _ jo% & Rig AR e 13 Pled Bl 6as 60 A Ternt-Boc 8% '53 A- —_— NEW YORK BANK STOCKS NEW YORK, nuary 6 (#.—I Becurity Dealers' Associatton: C" To% Bid. Asked. 3"!‘ 34 ank of M: ankers Tr (22 - Cen ‘Han Pirst 1_(100) 1 Manufact: TP anufacturers Tr pf Natlopal City (1) e ] N Y Trust (8) Publie 3 ) e 4% SHORT-TERM SECURITIES. (Revorted by Chas. D. Barney & Oo) d. Ofter. Am. Tel. & Tel. B%n 104 Atlantic’ Refining 8s 1 Galiforpia Packing b Garo,. Glinfd. 55 £ N 2223wl g 938_ 39 | 522 23l 853 b 2D 28 52 Croomnne s ZeSppsrztasas SEsienpianas 222! 3 i ; | Quardian Invest.. % | Hudson BM&S (1) Stock and Sales— Aero Supply (B).. Agfa Ansco . - Air Investors Inc.. Afr Inv Inc war. Air Invest cv pf._. Alles Fisher Allied Intl Invest. AIl'd I Inv pt $90c 4E0s Alum’'n Coof Am 3800s Alum Am pf $113% 8508 Alum’'n Ltd 5008 Am Afrlines. Am Capital (B) _. Am CP&L ww2¥ - Am CItP&L B a20¢ Am Cynam B t60c Am Eqit (a2232¢)- Am & For Pw ww. 27 Am G&E (1.40)__ 68 Am G&E pf (6) ___150s Am Gen C'p (a50¢c) 3 Am Gen Cpf (2) . 50 Am Lau Mch t60c 2 AmL&T (f1.20)- 11 Am Mfg Co (a3) .. 60s Am Maracaibo Am Meter (a2%). AmPot & Cha2lg. Am Superpower . Am Superpwr pf_. Anchor Post F Angostura (t20¢c) . Apex Electric(al) Appalach EPpf 7 Arcturus Radio T. 4 1 6 23 5 Ark Nat Gas (A)_. Art Metal W t60c. Ashland Oil & Ref Asso Gas & Elec__ AssoG& E (A)... 267 AssoG&ES5of.. 30 Asso Laundries__. 6 Atlas Corp (a80¢). Atlas Corp war Atlas Crppf A(3). Atlas Plywd a50c. Austin Silver Auto Products .. Auto Vot M(#50¢) Ax-Fisher(3.20)A Babcock&W a2.85 Baldw L bd rts(d) Barium Stain Stl Baumn L 1st pf $7 Berkey&Gay F Co Berk&GF pur war BlissCo (EW) . 6 Blue Ridge Cal0c. 14 Blue Ridgecvpf3 1 Blumenthal 8_ 2 Bohack (HC).._. 80 Bohack HC 1st pf. 80s Borne-Sery al% - Botany Cons (d) 1 Bourfols (a75¢) .. 1 Bower Roll B (2)_ 1 Bowman-Biltmore 3 Bowmn-Bilt 1st p{200s Bowmn-Bilt2d pf. 6 Brazil TL&P 40c_. Bridgep't Mchal_ Brill Corp (A) Brillo Mfg (60¢) . Brit-Am O rg $30c | Br-Am T B a%!sc. Brown Co pf Brown F & W al5¢ 6 6 1 1 2 1 1 L] | Buckeye P L (3) _ B0s Buff N&E pf 1.60_. 1 Bunker H&S (12). 6268 Can Car&Fdry pf_ 50s Can Indus Alco AL 1 | Can Ind Alco (B)- |Can Marconi Carib Svndiecat 3 |caro L&P of (7 Carrier Corp ! Catlin Corp (a40c) | Cent Ohlo Stlal.l( 1 Cent &S W Utll . 29 | Cent States Etec . 14 |CentStElcvptn s0s | Cent St E16% pf 3258 Cent St E17% pt_. 76s Centrif Pipe t40c 3 { Chi Flex Shaft t2.100s Childs Co pf Cities Service. Citles Service p CitlesSvepfB _ 3 Cit Sve P&L $6 pf 808 City Auto S(+60c) Claude Neon Lts_. Clev Tractor . .. Club Aluminum.., Colon Dev Ltd . Colon Dev Ltd A . Colon Dev 6% pf_. Colo Fuel&Ir war. . 2 2 1 3 Columb O& G a20c 50 Co'wlith Distal0c. 8 Comwlth Edis (5). 8 jCom'with & S war 14 Com'u’ty P&L 1st 1268 Community WS _ 1 ComSM stc vte t1- 1 Cons Afrcraft . 9 Consol Biscuit 60c 1 Consol Copper 24 Cons Min&Sm 12 100s Cont'l Roll &SFy 6 Cook P & Var t60¢ Cord Corp - Corroon & Reyn.._.. Cosden Oil Me (&) Cosden(Me)pf(d) Creole Pet (a50c) Crocker-Wh a10c_ Croft Brewing Crown Cent P aée Crown Drug (40c) Crystal Ofl Ref ___ Cusi Mex Mining... Darby Petr (50¢).- Dayton Rubber ... Derby Oil & Ref__ Det Pap Prod t25¢ Detroit Steel (11). Dohler Die C (al). Dow Chem (2.40) . Dubelier Condens.. Duval Tex Sa50c_ Eagle Pitch d 260s Eastn G&F Asso. 2 East'n G&F pf(§) 260s East Mall Ir a240. 258 East'n States Pwr. 4 East'nSt Pw (A). 8 East'nStPw (B) . 2 Economy G S al; 2508 Eisler Elec (aéc) . Elec Bond & Share Elec B & 8 pf (5)-. Elec B& S pf (6).. Elec P&L opt war. Elec P&L 2d pf A_ Elec Shareholding El Shov C1st pf__ Electrographic t1. Emp G&F 7% pf _ Equity Corp(a25c) Europ'n El bd rts.. Evans Wall Lead . Ex-C-O A&T t60c. Falstaff Br (a1%) Fanny F C (150c) .. Ferro Enam(a3).. Fidelio Brewery . Fire As(Phila.)t2 Fisk Rubber Fisk Rub pf (§).. 25» FlaP&Lopf 2608 Ford Ltda181-10c 3 Ford (Can) A (1). 23 Ford(Can) B a75c 1608 Fox (P) Brew 80c. 1 Gen Allo; Gen Invest Corp Gen Out Ad pf $12 28» Gen Rayon Ltd A 2 Gen TeleC'Dal36 1 GenTelcypf (3). 2 Gen Tire & Rub. 2 Georgis Pw pf ( Glen Alden C (t1) Godch: 3 . 4 6 1 0 9 12 27 11 - Bl urar~ cume Grt Nor Pap (11)_100s Greenfleld T&D_. 6 Groc Store Prod... - Gulf Oil Panew—. 36 Hall Lamp (80c).. 6 HartfordEI Lt 3% 2bs Harvard Brewery. 3 Hecla Min (a60c). 3 Heller WalterB__ 2 Wollinger G t65¢c 8 Horn & Hard 11.60: MX:; 17 e 359 = 2333323253 ¥ Sou_Pac. of Calif. 55 Vanadivm Corp. b5 1941 Wabash Rwy. Co Warner Bros. s Western N. Y. & tern Union Tel Sl FES 4s 1 . 58 14 Humble Ol (1) . Huyl ot stpd (d).. Hygrade Food 608 B 13508 Dividend Rate. Add 00. High. B4 10% 23% 8214 % 13 9% 8% 24% 105 2034 b 6 Colum G&E pf(5) 10758 $b% 4 1% 121 . 600 114 111 Pwr & Lt §6 pf 13009 56l§ Amp Ofl Ltd t50¢ 5 Ind’n Ter (11 O(A) 21% “ By private wire direct to The Star Low. 2:58. b 5 1634 L] 1% 2y L 2 N 154 116 m 294 1 45 6% 1634 3 % 20% 5 2 2% 34| Lynch Corp (12)... 24%4 103 2934 7 64 1% 21 102% 8% 1% 119 % 59% 135 16% 225 9% 15 | Pittsbgh Forging. 19 Pitts& LE 123 oy 4 21} 21 1us 5634 2% o ¢ | La Land (40¢) ... FINANCIAL. THE EVENING STAR, WASHINGTO! N ) *kkk A—17 NEW YORK CURB MARKET Stoek and Sales— Ind'n Ter [1O(B) 16 Indiana PL (t40c) 2 Ins Co of No A 12_200s Intl Cigar M 12 2 IntlHy E1Scvpt 11 Intl Metals Inc A 2008 Intl Petr (t13%)_.. & Intl Products____. 20 Intl Utll (A).. ] Intl Uth (B)__ 221 Intl Util war new. 3 Intl Vitamin(50c) 2 Interst P(Del)pf. 30s Iron Firemen(t1). 608 1tal Superpwr(A). 6 3 6 Ital Sup'pw d rts Jacobs(FL)Co(1) Jeanette Gladlc - JerCen P&Lpf 54 Jer Cent P&L pt 7 Jonas & Naum _. Jones&Laugh Stl. KanCity PSpf A Ken RT&L A a7bc Kingston Prod 40¢ Kirby Petr (20c) Kirkland L G (6c) Kress(SH) pf 60c Kreuger Brew (1) Lack RR (NJ) (4) Lake Sh M (14) _. lakey Fy & Mach. Leh Conl&N aé0c- Leonard Of1 s Lion Oil Ref (1)_. Locke Stl Ch 80c._.. Lockheed Afrcraft Lone Star G aé0c- Long Island Ltg-. Long 1L pf A(7) 408 Long Isl Lt pf B 6 100s Loudon Pk'n t60c. 1 st Lucky T (+12¢) McCord Rad (B)._. McWilliams D (3 Mangel Stores Marion Steam Sh_ Massev Harris _. Merch&M A al5c.. Merritt Chap & S._. bi fron _ x-Ohio Ofl e P T LRS- - IOROR Oy ey Mid Sta Pet (B)... Mining Co (Can) .. Minn Min&Mf(t1)100s Mock Judson 60c . 2 Moh H P&L 1st(7)125s Mohawk H 2d pf.. 7268 Molvbdenum Corp Mont Ward A (7). Moore Dist (150¢c) Mortg B’k Am Sh_ | Mount Prod (60c). | Mueller Brass t1._. Nat Bella Hess . __ | Nat Fuel Gas (1) ;| Nat Investors | Nat Leather _ | Nat Mfg & Stores. 1 Nat P& Lt pf (6) 4508 Nat Rub Mch a20e at Service | Nat Servicepf_ __ Nat Sugar N J (2) Transit (75¢). % | Nat Union Radio_. Nebel (Oscar) Nehi Corp Nelson(H) (a4 Neptune M A aéoc Nev-Calif Elec. NJ Zine (12) New M&A Ld a1 | Newmont Ma3% | N'Y Auction a2ic 1 N Y & Hound (11) 2008 N Y Pw&Lt pf (6) 108 Y Pw&Lt pf (7) 308 Y Shipbldg_ = 1 Y Tel pf (615) . 758 Niag Hud Pw a40¢ Niag H P(A) war Noma Elec (a40c) North AmL &P 'me Distil__ Pac G&E 1st (1%) Pac G&E pf 1.37 % Pacific Ltg pf (6) Pac Publie Service Pac Tin spec (12) 100s Pan-Am Air (t1)_. 28 PantepecO1l __ 216 14 | Param't Motors 1 | Parker Pen (1.60) 1008 Pennroad 1a25c) . 46 | Penn G&E (A)1% 2 |Penn P& L (6) ___ 208 Penn P& L(7) | 308 Pepperell Mfz +6" 758 Perfect Circle t2 1008 Phillips Pkg as0c. 1 Phoenix Secur . 2 Pierce Gov (a50c) 32 Pion’r GM Ltd 80s 22 Pitney Bow(t40c) 2 Pitts P1 Gl (a6) _. Plough Ine (1.20). Potrero Susar . Powdrell&Al 160c 6 Pwr C'p(Can)a25e 2508 Premier Gold t12¢ 25 Pub Sve Ind pf 208 Pub Sve Ind pr pf 10, PubSvc Oklap17 2 “ug Sd P&L pf(5) 10 Pug Sd P&L $6 pf 250 Quaker Oats pf(6) 10s Ry & Lt Secal.55_ 25s Rwy&Util Inv(A) 3 Rainbow Lum (B) 2 'mond Con a50¢225s Raym’d Con pf(3) 50s Red Bank .___ Reed R B new 80« Reybarn Co a25c._. Rice Stix DG bb0e. Richm’d Radiator. Rustless Ir&St] Ryan Consolid'd. | St Anthony Gold.. St Rexis Paper Schiff (The)Co(t3) Schulte R E(d) Scovill Mfg(a2%) 260s Secur Corp Gen_. 7 Segal Lock & H. Seiberling Rubber Selby Shoe ¢2) Selected Indus Sel Ind all cfs 5% 2008 Sel Ind pr pf (5% )160s Sent SafControl . 3 Seversky Afrcraft ¢ Shattuck Den Min 8 Shawin W &P 80c. 7 Sherwin-Will (4) 1008 Singer Mfg Ltd rets (a28 4-5c) Smith Cor v ext t1 Sonotone C (a10c) 80 Penn Oi1(t1%) SoCalEdpf B 1% Southn PL 20e . Sou Royalty 140c.. Spanish&Gen rcts Spen Chain 8t 60c Square D pf A 2.20150s Stand Dredging_. 6 Stand Drev pf___.1508 Stand Invcum pf 2008 Std Oil Ky (11.40) 4 Stand Oil Ohio t1. & Stand Pwr& Lt__. 41 Stand P& L (B) 3 Stand P& Lpf _ 60 Stand Prod (a2sc) 3 Stand Sil&Ld (4c) 3 Starrett Corp vtc. 44 Sterchi Brosaloe 8 Sterchi Bros 1st 3 268 Sterchi Bros 2d al 80s Sterling Bra%ic . 3 Sterling Inciase) 9 Stetson J B (50c)-100s Stuts Motor - 4 Sullivan Machine_ 1 Sunray Ofl (al0c) 26 Sunshine Min (3). 12 Swiss-Am Elee pf Taggart Corp .. Tampa El (2.2¢) - ‘Tastyeast(Del)A. ‘Taylor Dist (30c). ‘Technicolor a50e.. Tex P & L pf (7) Texon V11 & L 60e Thew Shovel as0c Tishman R&C . Tob Prod Exp 15¢ Todd Shipyd (12) 1008 1 . 5 1 1 4 1 3 17 1 1 0 1 1 116/ 95 15314 74 0 14 15 18 1161 264 45 1625 * 110 my 14034 3334 131 614 2275 6 8§ 1975 883 12535 174 9 3¢ &% 18% 3034 187 L Dividend Rate. Add 00. High. Low. 2:55. o4 8 3% 26 3% 1634 35 m 94 18314 75 P 615 i 25 17 3 1134 115 18 115% 2614 4% 164 110 1 101§ 33 13y 614 21% (21 81§ 194 8814 12534 30 187% B3 283 2 % 8% 5 3] 8'4 14y 9% % | Utility Bquities .. % | edly be followed py renewed pressure % | Western has ordered 1,000 freight cars {'U. S. BOND HOLDINGS ¢ Same week last year. 4 | % NEW YORK TELEPHONE 'MARYLAND CASUALTY PACE MAINTAINED AT STEEL PLANTS Production Holds Unchanged at 791/, Per Cent Despite Motor Strikes. By the Associated Press. NEW YORK, January 6.—Strikes in the motor industry have caused steel mills considerable difficulty be- cause of sudden rearrangement of schedules, but there 1s “at the mo- ment” no apprehension operating rates will be reduced materially, Iron Age said today in its weekly review. Mill production is unchanged at 79% per cent. “Settlement of strikes will undoubt- from automotive plants for steel to make up for lost production,” the ‘Trade Journal said. “All other major consuming outlets for steel continue to press forward. Railroad shops and car and locomo- tive builders are taking more, the agricultural equipment industry starts the new year most favorably, tin plate production continues at 95 per cent of capacity, with no signs of abate- ment, and there was heavy coverage at the year end in structural shapes and plates for building projects. Steel mill bookings grew enormously in the last week of the old year and some companies have had to go back to war years for like totals. “New railroad equipment orders have been added to the heavy 1936 business. The Chicago & North and 23 -passenger coaches and will buy 8 locomotives; the Duluth, Missabe & Northern has bought 1,000 ore cars; the Western Pacific has ordered 11 locomotives, and the Delaware, Lack- awanna & Western 5; the Illinois Central will buy 3,200 freight cars, |and the Nashville, Chattanooga & St. Louis 500.” Pig iron price advances of 50 cents | ton went into effect as of January | 1 at all major producing points, rais- ing the Iron Age composite price to $20.25. The scrap composite also has advanced, to $17.92, because of a 50- cent increase at Philadelphia. OF BANKS TAPER OFF | By the Associated Press. NEW YORK, January 6.—Holdings (of United States Government obliga- | tions by member banks of the Federal Reserve System in leading cities show | a distinct tapering off since last Sum- mer. ! Their latest figure reveals a drop of | about $250,000.000 in holdings of direct | obligations from the peak touched last July. This was explained in banking | * | circles as due partly to a decline in Government borrowing. Moreover, it | was noted, an upturn in business de- | mand for credit has given banks a new | outlet for funds. Figures on direct United States, obligations of reporting member banks |in 101 leading cities compared as fol- | lows: | Week ended Dec. 30 | Preceding week.__ $9.241,000.000 - 9.192,000,000 - 8,468,000,000 TOTAL GAINS SHARPLY | | By the Associgted Press. | NEW YORK, January 6.—The New ‘York Telephone Co. today reported a | | gain of 14,010 telephone stations in | | service during December, compared with a gain of 5,603 in December, 1935. In December, 1934, there was a de- | cline of 34 stations, a loss of 16 in De- cember, 1933, and a loss of 16.285 in December, 1932. For the year 1936 | the company gained 106,614 stations against a gain of 23,905 in 1935, $9,000,000 TO BE SPENT. CHICAGO, January 6 (#).—Presi- dent L. A. Downs of the Illinois Cen- | tral System, announced the railroad | would spend $9,000,000 for new equip- ment, with bids being received now.| Orders will be placed for 1,000 coal cars, 300 refrigerator cars, 1,800 box | cars and 20 cars for mail and bag- gage, a total of 3,120 units. PREMIUMS INCREASE By the Associated Press. | NEW YORK, January 6. —The Mary land Casualty Co. in 1936 showed a gain of $2,108,000 in net premiums, 1t | was announced by Silliman Evans, president. ‘The net premiums for the year were 39 per cent more than the figure for 1933 and within 17 per cent of the comp ny's 1929 high. NEW YORK BAR SILVER. NEW YORK, January 6 (#).—Bar silver steady and unchanged at 45. Stock and les— Dividend Rate. Add 00. High. Low. 2:55. Tol Edis pf A (7)_ 10s 1112 111% 111%§ Tr-Lux DPSt20c. 7 4% % Tri-Contl C war__. 234 2% ‘Tubize Chatillion. 16 15% Tubize Chatl (A)- 61 603 Cung-So! Lumpn_ 8% 8% Twin-Coach 81.40. 175 16% Ulen & Co 7% % pf % 64 Unexcelled Mfg. & 44 % 1 103§ 3 | dustry pending the usual upturn in NE 2:16 p.m. 1938 Stock and Sales— @igh. Low. 52% 33% Wesson U&S(160¢). 8 107 91% West Pa Elec A (1) 40s 102 87 West Pa Eloc pf () 360s 110 96 West Pa Elec pf (1) 100s 116% 111% West Pa Pwr pf (§) 10s 124% 116% West Pa Pwr f (7) 124 8% Western Maryland. 4 1% Western Pacific 9% 5% Western Pacific 22% West'n El Inst a85c 35'3 W ton Elec A (2) 19% Westvaco Chlor (1) 31% Westvaco 5%pf 1% 2114 Wheeling Steel 84 Wheeling Stl pf($6) 18% White Motor - 13% White Rk M 8(1.40) 3% White Sewing Mch_ 28% 1% 6% 12 W YORK STOCK EXCHANGE (Continued from Page A-16.) Dividend Rate. Add 00. High. Low. Close. Chge. FINANCIAL. ELEGTRIC POWER INDEX DECLINES Actual Production Drops 0.6 of 1 Per Cent From Previous Week. Ry the Associated Press. NEW YORK, January 6.—The As- sociated Press index of electric power production, with 1929-1930 taken at 100, declined for the week ended Jan- uary 2 to 117.9. from 1188 the previ- ous week. The index, which is adjusted for seasonal and long-term trend, 2:16 p.m. Bales— Net Add 00. High. Low. Close. Chge. 4 424 429 -2% 15 % b + % 201 9% 9% + W 2 81% 81% +1% 12 61% 62% — % 11 408 4 35% 36 + Y% 81% 811 —1% 3% 6 +1% 8% Yellow Tr&Coach. 68 21% 21% 21% 83% Yellow Tr&C pf 336 90s 129 128 128 42% Young Spr&W (13). 1 43% 43% 43% + % 41% Youngs'tn Sheet&T 12 76% 76 76% — % 21'% Zenith Radlo 5 34 34 34 + 4% 9% 5% Zonite Products 3 T T Th+h Approximate Sales of Stocks on the N. Y. Stock Exchange. | 11:00 AM.__ 490,000 12:00 Noom.. . 820,000 1:00 P.M.. 1,130,000 2:00 P.M... - 1.430,000 Dividend rates as given in the apove iable aie ihe annus) cesh Dayments basea oL the latest quarteriy baif-year:y leci: sURIt of trading iess than 100 shares. tAnnual rate—not including extras 3§ Accumulsted dividends. s Paid «hu sear. 0 Paid iast vear _d Comnanies reported in receivership or being reorganised. xEx dividend. Btock and . Dividend Rate. 16 White Sew Mch pf. 2% Wilcox Ofl & Gas._. 6% Wilson & Co (60c)... 70 Wilson & Co pf (6)- 44% Woolworth (2.40) 23% Worthington Pump 56 Worth Pump pf A-. 63 Wrigley W ir (13)_ Net [3 9% 81% 62% 36% 83 75 50% B0% — % 99 99 + % 95 -1 105 105 — % 115 115 = % 120 121 8% 9%+ U 24% 244 + % 3 BN+ % 38 38 103 103 2% 2% - % 164 16% 6 6 - % GENERAL ADVANGE IN OIL EXPECTED Possibility of Big Buyers Meeting New Boost Dis- cussed by Trade. By the Assoclated Press. NEW YORK, January 6.—Major oil units kept the industry in suspeme} today on prospects of a widely expected | general boost in prices of cruds| petroleum. Oil men were on the alert on the possibility big buyers might fall in lin> with an increase of 17 cents a barrel, effective yesterday, posted by the Con- | tinental and Barnsdall companies, operating chiefly in the mid-continent and Rocky Mountain areas, and on2 or two smaller units. Continental informed the trade a month ago it planned to raise the crude price partly to cover rising, operating costs. Informed oil men said the rest of thc industry apparently was waiting to| see if any of the standard units or other | big interests would join the move. Might Be Delaved. They insisted a general advance of 12 to 15 cents a barrel was probabls sooner or later, but might be delayed for a more opportune time. I Crude oil stocks, they pointed out have been falling steadily and have reached the lowest point in the United States since 1922, Meanwhile, gasoline consumption has risen to new peaks. However, this was described as a relatively slack season for the oil in- consumption with the approach of Spring and improvement in motoring | conditions, The last general advance was posted early in 1936. Another hike, oil men said, would put standard grades in tae midcontinent area around $§1.25 a barrel. Daily Average Down. Daily average gross crude oil pro- duction in the United States decreased | 11,850 barrels in the week ended January 2, totaling 3,121400 barrels, the American Petroleum Institutes weekly summary indicates. Daily average production east of California decreased 5,550 barrels to 2,539,100 barrels. Reports received from refining com- REAL ESTATE LOANS NO COMMISSION OR RENEWAL FEES Monthly Payments as Low as $7.50 Per $1.000 Consult us if you wish to obtain money to help you Build, Refinance or ENTERPRISE BUILDING ASSOCIATION Tth St. and Indiana Avenue N.W. stood at 105.5 a year ago. ‘The range for recent years follows: 1936-37 1935 1934 1933 High -1198 1055 974 919 IMONEY IN CIRCULATION panies owning 89.9 per cent of the estimated daily potential refining capacity, and which was operated at 79.1 per cent of potential, indicate that the industry as a whole ran to stiis 330,000 barrels of crude oil dail The daily average for the previous ! DROPS AFTER HOLIDAY | By the Associated Press. | | NEW YORK, January 6.—Another | Low . 21020 941 919 802 Actual output, as reported hy the Edison Electric Institute, amounted to 2.069,266,000 kilowatt hours, a decline week, based upon refineries represent- | Christmas over, volume of money in | 4 "g" " Lo ont from 2,080.954,000 ing 89.9 per cent of the total capacicy | use dropped sharply in the latest yiiowatt hours in the preceding week. and which operated at 77.8 per cent week. | Because of calendar conditions which of their capacity was 2,955,000 barrels.| ppis return flow of funds was tne | threw cemparisons out of line with the Ordered by Board /son, bankers said, accompanying re- | with that of a year ago, but announced duced cash requirements of buyers in | that, if compared with the week ended Of R. H. Macy & Co. By the Assoclated Press | all classifications. January 4, 1936, data for the current Money circulation, reported by the week indicated an increase of 11.6 per Federal Reserve credit statement, C¢nt over last year. compared as follows: Percentage changes by geographi~ Week ended Dec. 30_. $6,550,000,000 | regions were not available due to th __pij. | Previous week - 6.680,000,000 | interruption of ordinary reportin: RN O M‘:’:;?“:"C,f' b Same period Jast year.. 5882.000,000 | methods occasioned by the holida:s York department store, today declared an extra dividend of 75 cents a com- mon share, payable January 25 to stock of record January 16. Directors of Rose’s 5, 10 & 25 Cent Stores, Inc., declared a quarterly | dividend of 75 cents a share on the | old $5 par common stock, or 15 cents on the new $1 par common, payable February 1 to stock of record January 20. Stockholders recently approved a 5-for-1 aplit-up. i Previous dividends were 50 cents | quarterly on the old stock paid No- | vember 2 and $2 extra paid Decem- ber 20. The company operates stores in the Southeast and has headquarters at Henderson, N. C. ON IMPROVED D. C. PROPERTY Immediate attention on your ap- plication for buying, rebuilding or refinancing. Loans payable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E UITABLE CO-OPERATI\'E BU[LDING ASSOCIATION 915 F STREET N.W. Organized 1879 SPIEGEL ANNOUNCES | DIVIDEND OF 25 CENTS CHICAGO. January 6.—Spiegel, May, Stern Co., Inc.. declared a quar- terly dividend of 25 cents a share on the new common stock today, payable February 1 to stockholders of record January 15. This will be equivalent to $5 a share | annual rate on the old common stock, which will be split on a five-for-oge basis, effective January 8. The old shares were on a $3 annual basis, with an extra of $2 paid in December. The company’s name will be changed to Spiegel, Inc, effective January 8. | SISO OTSTOTS< 50 TONS OF LEAD SOLD. NEW YORK, January 6 (#).—The St. Joseph Lead Co. reports that 50 tons of pig lead from Southeast Mis- | souri mines were sold yesterday at $5.85 per hundred pounds, St. Louis. 900000« 3 CONTROL He must watch his instrument panel very care- fully to be sure that everything is under control. Maany individuals consider a checking account the equivalent of the pilot’s instrument board, for it is the medium through which they control their finances. By depositing all income and pay- ing all bills by check, a complete record of in- come and outgo is maintained. A checking account at this bank will give you similar control over your money matters. McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. 'S. W. Branch, 12th and Maryland Ave. S. W. Modernize Your Home. MEMBER OF D C BUILDING AND LOAN LEAGUE MEMBER OF U. 8 BUILDING AND LOAN LEAGUE Member Federal Deposit Insurance Corporation This advertisement is not and is under no circumstances to be construed as an offering of these shares for saloorasa solicitation of an effer te buy any of such shares. The offering is made only by the Prospectus. 547, 788 Shares Consumers Power Company Subject te the ]:r‘i:‘r”pureh-u right of the helders of record en January 4, 119% Unit Lt & Pw (A). (1% Unit Lt & Pw (B). Unit Lt & Pw pf._. Unit ShipydsB __ 1 Unit Shoe M 12% . 3268 U S Foil (B) (1).. 16 U S Lines pf. : . s U S Rub Reclaim. 2 U S Stores 1st pf_. 10 Unit Stot te. Unit Verde Ex (1) Unit Wall Paper . 28 UtahP&Lpf32.91% 1268 Utica GEE pf (7). 708 Utllities Pw & Lt_ 52 Utll Pwr&Lt (B). & in Util Pwr & Lt pf. 10008 223§ 2 4% 134 % % 8 2 . 1 Util & Ind (new)_. Utility & Indus of Venezuela Mex O. Vensezuela Petrol. Waco Alrcraft Wayne Pump (500 Well't'n Oil of Del Wentw'th Mf 1.20 W Va Coal & Coke West Au Sup A 14 10508 W'n Tab&Sta (11) ‘Willson Prod (t1) Wolverine Port C_. Wolverk: 160c.. Woodley Pet t40c. Wright Harg t40c Ygstn St1 Door 11 Yukon Gold(a13c) 4 Dividend rates in dollars based on last quarterly or semi-anmual payment _ t An- nuai rate—not including extras mulat dividends. Pl ed d |'llt .nllt- - TR o 1o goFgSugg8usy hs’ year. rganised. o w being reo: $4.50 Preferred Stock 937 Company’s outstanding preferred stock. Price $100.50 a share plus accrued dividends from January 1, 137 Copies of the Prospectus may be obtained frem any ef the undersigned. Bonbriglllt & (.;‘?mpnny The First Boston Corporation Brown Hlarriman & Co. Edward B. Smith & Co. Lehman Brothers Blyth & Co., Inc. Goldman, Sachs & Co. Kidder, Peabody E.W. Clark & Co. Stone & Webster and Blodget Incorperated Mellon Securities Corporation Hayden, Stone & Co. J. & W, Seligman & Co. Harris, Hall & Company (Ineerperatad) &Co. Lee Higginson Corporation Spencer Trask & Co.