Evening Star Newspaper, January 11, 1937, Page 14

FINANCIAL. D STORESHES [TRANSAC] December Volume in Fifth District Also Climbs Sharply Over 1935. BY EDWARD C. STONE. Department store sales in Wash- ington in December were 8.1 per cent larger than in December, 1935, which in turn were 12.4 per cent better than in the same month in 1934, the Federal Reserve Bank of Richmond reported this noon. ‘The report also revealed that retail sales in the Capital in the full 12 months of 1936 were 9.5 per cent ahead of the high mark set in 1935, when sales were 15.2 per cent better than in 1934. ‘The Washington average gain was below the 11 per cent advance for the whole fifth Reserve district in De- cember and the 15 per cent rise for 453 stores in the entire country. For the year 53 stores in the fifth district made a gain of 10 per cent, with the national average increase in dollar volume business going up 12 per cent. Comparisons With Other Cities. Sales in important cities in this district in December and the full year compare as follows in percentages with like periods in 1935: Dec . Jan.-De 183365, 1933 North Carolina South Carolina - Percentage,_changes in December and 4n the yvear 196, in comparison With the Torresponding DAriods A vear ago. were a2 follows. 1n oier Federal, Reserve, dis- on. %01 an ; 'Plfl“fi Bfl!l —-l’\, Phlln(‘!lflhm »\'\ and 15: Atlant ica 4 and -1 T 12 Minnespolis 10, Waneas Gityr 212 b0 and +19: San Pran- cisco, 17 ll’lfl -~ 11. Peoples Drug Sales Up. Net sales of Peoples Drug Stores, Inc., in the full 12 months of 1936 totaled $21,153,239, in comparison with $19,215,675 in the like period in 1935, an increase of $1,937,564 or 10.1 per cent, according to a report from the corporation’s headquarters here. Net sales in December made a good deal better record than the average for the 12 months. Sales totaled ©2,407,393, compared with $2,089,568, a gain of $317,826, or 15.2 per cent, pver December, 1935. The 15 per cent gain in December §s about the same as that reported many other chain stores during the last few days. In fact, it is bet- ter than most of them, although in a few instances increases of 20 and 25 per cent have been reported in the ©inal month of 1936. December business was more favor- able than November, when net sales were 7.7 per cent better than in No- vember, 1935. Bank Parley Topics Listed. Local bankers have received a com- munication from the American Bank- ers’ Association, urging their attend- ance at the regional banking confer- ence at Pittsburgh, January 28 and 29. Some of the subjects which will be discussed, the association announces, are on the need for bankers to coun- el together, bank insurance and crime protection, the banker’s part in build- ing an agricultural community, char- tering of banks, loan administration policy, investment policy, budgetary control, expense control, income from banking services, public relations and banking education, personal loans, F. H. A. mortgages, preserving the asso- ciation between banking and trust business, research on Federal lending agencies, postal savings, costs and methods of operation and in the trust fleld. Housing Boom Seen in 1937. Increasingly serious housing short- @ges, higher rentals and recovery in purchasing power combine to make the 1937 outlook for residential build- ing among the most favorable for eny industry at the present time, says @& survey of 28 industries prepared by Fenner & Beane, New York Stock Ex- change firm. Vacancies in many cities @re less than 3 per cent, to compare with a normal 5 per cent, even in years of large-scale building, the re- port indicates. Rents have already pecovered half of the decline from the boom years of the late 20s. Residential construction this year phould .carry on the momentum in thome building apparent since 1934, end exceed by a wide margin the 800,000,000 volume estimated for 1936, itself a gain of 70 per cent over 1935, the forecast says. 12 Banks Earn Dividends. ‘The 12 Federal Reserve Banks in 1936 had net additions to surplus of $457,000 after paying all dividends to member banks and allowing for re- serves, the Board of Governors of the Federal Reserve System announced yesterday. The fact that the Reserve Banks had earned their dividends, with some margin to spare, came as a surprise here. Officials had been predicting until recently that the banks would fail for the first time since 1932 to cover their dividend requirements, and their profit and loss statement for the first six months showed them running behind. Insurance Speakers Announced. John M. Strait, chairman of the Bpeakers’ Committee of the Nine- teenth Annual Joint Sales Congress of the District of Columbia and Bal- timore Life Underwriters’ Associations, announced the complete list today for tomorrow’s sessions at the Willard Hotel. The speakers include: Winthrop G. -Batchelder, manager, Washington office Connecticut Life Insurance Co., who speaks on “Selling Investment Insurance to the Man De- pendent on His Earned Income”; Ar- thur W. Watwood, legal staff, United Btates Department of Internal Reve- nue, whose subject is “Outside Look- ing In”; R. B. Dinsmore, agent, Pru- dential Life, on “My System of Build- ing a Clientele”; Milton Bacon, Jack- sonville, Fla., .snbject, “Thirty Years ‘With Dotted Lines”; A. H. Kollenberg, Grand Rapids, “Selling Life Insur- nnee"' Edward 5. Warfleld of Baltl- “My System of Prospecting,” lnd Ooor:e H. Harris, Sun Life, who will talk on “Life Insurance—a Na- tional Asset.” Reports today indicate that Balti- more will send a record delegation and that a very large attendance is assured. Bank Stocks Reach New Peaks. Rigegs National Bank common stock sold at $340 a share on the Wash- ington Stock Exchange today, against the last previous sale at $330. Ameri- Security & Trust Co. stock, came outjat $310 a share, up from $295. bank stock established new marks for a period of several IAE 1081 1528 3% 145% 64 145% 36 63% 145 26% 190 102' 18 278 108% 111, 1936 GAING1 PER CENT}- Stock and Low. 59 Acme Steel (4) ... 9% Adams Exp (abbe) .. 224 Address'graph( i). 1% Advance Rumiey. 58 Alr Reduction (¥ 2 Air-Way Elec Appld 12 Aleska Jun (1602).. 21 Alleg Corp () ... 12% Alleg pf w3s0w (d). 27 Allegprofd). _. 26% Alleg Steel (a1.65)-. 157 Allled Chem (6) .._. 23 Allled Mills (aB0¢)- 6% Allied Stores(a20c). 35% Allis-Chaim (113%). 19&. Alpha Port C(al%). Amal Leather _ Amal Leath pf (3)-. Amerada Corp (2) . Am Ag Ch (Del) ad. Am Bank Note (t1) Am Bnk Note pf (3) Am Brake Sh (12) .. Am Can (14) Am Car & Foundry. 57% Am Car & Farv of 31 Am Chain&Cab(a4). 87% Am Chicle (14) .- Tla Am Colortype 20% Am Comecl Al (a50c) 16% Am Crystal S(ab0c) 89 AmCrysS 1st pf(6) 3% Am Encaustic_ ... 9% Am European Sec_.. 69 Am & Forelgn Pwr_ 29% Am & For Pw §7 pf. 12 Am & For Pw 24 pf. 13 Am Hawafilan (1)__ 4% Am Hide & Leather. 31 Am Hide & L of (3) 37 Am Home P (12.40). 24 Am lce i 16'5 Am Ice pf (2) 9% Am Intrnat’l (a40¢c) 28% Am Locomotive 66 Am locomo pf (33) 21 Am Mach&Fdv(t1l) 10 Am Mach & Met 60c. 27 Am Meta: 74 Am Power & Light_ 36% Am Pwr&Lt pf (5). 43 Am Pwr&Lt pf (6). 18% Am Radiator (160c). 235 Am Holl M (11.20)_ 18 Am Seating(aiig).. 25% Am Snipbldg (2) _ b56% Am Smelt&Ref (3). 104 Am Smé&Ref pt (6). 1361% Am Sm&Ref pf (7). 57 Am Snuff (13) ... 133% Am Snuff pf (6). 2013 Am Steel Fdry (al) 107% Am Steel Fy pt (7). 24% Am Stores (2) 481 Am Sugar (2)_ 129 Am Sugar pf ( 20% Am Sumatra Tob 149'3 Am Tel & Teleg (9) 87 Am Tobacco (5). . 88!3 Am Tobacco B (5) 87a Am Type Founders. 191 Am Wat Wksad0c... 928 Am Wat W 1st (6)_ % Am Woolen 2% Am Woolen pf (34). % Am Writ Paper (d) 413 Am Writ Pap pt (d) 3% Am Zinc & Lead 24 Am Zinc & L pr pf 28 Anaconda Cop (t1). 35 Anaconda Wire t2_ 151 Anchor Cap (60¢) 97 Anchor Cap pf(6%) 9 Andes Copper 3 AP W Paper 37 Archer-Dan-M (12) 4% Armour (illinois) 47 Armstrong Ck t1% 12% Asso Dry Goods . 59 Atch To& S Feal2_. 21% Atl CoastLine(al).. 11 At Guif& W [nd 26% Atlantic Refin (t1). 14 Atlas Tack (a75c)-. 26% Auburn Auto 5% Austin Nichols - 4% Aviation Corp (Del) 23 Baldwin Loco (d) 29'5 Baldwin Loco pt(d) 2% Baldwin Lo asd(d) 157 Baltimore & Ohto - imore & Oh pf ng & Aroos (2%) Barber Co (a75¢) ... 18% Harker Hioihers 144 Barnsdall Oil (1) . 16% Bayuk Cigars 175¢ 18 Beatrice Cream(i1) 7100 Beatrice pt ww (5) 2% 116 39% 86 37% 9% 57 23% 12 4 19% 2% 38% 100 51 14% 138% 23 89% 13% 46% 111% 4T% 1% 134 66% 116% 85 Beech-Nut Pkg(f4) 13 Beiding Hem (1) 21% Bendix Aviat(al}) 20 Beneficial L (bd3e, 48 Best&Co (2%) . 45% Bethlehem Stlal%. 16 Beth St 6% pf(1)_. 23 Bigelow-San (t1)__ 18% Black & Decker 25¢ 14! Blaw-Knox (a80¢)-. 167 Boeingr Airplane 40% Bohn Alum&Br (3) 80 Bon Ami (A) (4) 39 Bon Ami (B)b6233¢ 25% Boraen Co (1 60) . 64 Borg-Warner (4)_- 6 Boston & Maine _. 115 Botany Min A (d) - 12'4 Bridgp't Brass t400 43% Briges Mg (12) 47 Briggs & Strat «3) 41 Bristol-Myers t2.40 40% Bklyp Man Tr (4). 413 BKivn & Queens 3315 Bklyn & Qns pf(33). 44'% Bklyn Un Gas (3 8 Brunswick-Balke.. 87 Bucyrus-Erie - 9% Budd (EG) Mfg . 8%, Budd Wheel (a20¢c). 20% Bullard Co (al%)-. 11% Bulova Wateh 25 Burr Ad Mch(t60c). 2% Bush Terminal (d). 8% Bush Term deb (d) 14% Bush T Bldgs pf(d) 7% Butler Bros (a60c) 29% Butler Bros pf 1% 2% Butte Cop & Z(a5c). 16'2 Byers (A M) 5414 Byers (A M) of 22 Byron Jackson t1._ 30% California Pack (2). % Callahan Zinc-Lead 6 Calumet & Hec a750 30 Camubell Wy (11) 10% Canada Dry G A __ 10% Canadian Pacitic . 45% Cap Adm pt A (3) 6% Carriers & Gen (30c 9214 Case (J 1) Co (4) _ 116 Case (J 1) Copy (T) 54% Caterpillar Trac 2 21% Celanese Corp all_ 106 Celof AmprpfA7. 19 Celotex Corp 54 Celotex Pf ($1%)-- 26% Cent Aguire (11%) 6% Central Foundry Co. 35 Central RROfNJ 22 Central Violeta Sus. 615 Century R1b Milis_ 47% Cerro de Pasco 14) 8l Certain-teed Prod.. 57% Certain-teed pf (6) 19 Champ Pap& F (1) 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80) 1% Ch1 & East 11l (d) 27 Chi & East 1l pf(d) 1% Chi Grt West (d) 4 ChiGrt W ot d) 6 Chi [nd&Lou pf (d) 25% Chi Mali Ord(t134). 1t% Chi M1 St P&P (d) 27% Cht M St P&P pf (d) 2% Chi&NW (@) ... 6% Chi1 & N W pf (d)-.. 12% Chi Pneumatic Tool 40% Chi Pn Tool pf $3%. 1% Chi R 1&Pao (d) 8% Chi RI&P 6% pf td) 3% Chi R 1&P 7% pf(d) 17% Chickash Cot Ofl___ 25 Chile Copper (1) 7 Childs Co 861 Chrysler Corl(lll) 15% City ice & Fuel (2). 2% City lce&F f (8%) 4% City Stores - 23% Clark Equip(+1.60! 107% E£) 1llu pt 33 Clev Graph Br (2) .. 48 Cluett Peabody (3). 3913 Collins & AIK 13 __ 107% (‘ollins & Aik of (') 28% Colo Fuel & Iron__. 21 Colo & Southern... 19% Colo & South 1st pf 16 Colo & South 2d pf 14 ColumbG & E a40c. 90% Col G & E pfA (6)- 31 Colum Pict vto (11) 24 Colum Plocvpf2% 94 Colum Carb stot14) % 44 Comel Credit (14)_. 128 1% % 100% Comel Credit pf ¢%. 55 Com’lInvestT (14). 1434 Come’l Solv (160e)... % 15 pm. !llu— Dividend Rate. Add 00. I!lh- 2 23 10 3 10 19% 33% 318, 15%, 51 5 5151 30 28% 8 108 3 37 100s 112% 1 47 50s 23% 508 26% 00- 19% llM 106 108 3214432 + % 5% 367 107% 107% — W% 86 39 69% T0% 119% 148 ISO 885 28% 107% 37 81 3% 9% 19 THE EVENING STAR, WASHINGTON, D. C, 6% + % 387 417 86 — % 39 -8 69% +3% M =% 119% — & 105% — % +1 6615 Hhdtd L+ FrEPE FEP&ELXS R SNESELELSES [REE ] SEXESEESEr ¥ TI+4+10 44+ + 19% +2% 334 - % 314 +2 15% + W 51 -1 T 150 — % 125 =24 88% + W 28% + % 108 37 19% + % -1% 6 37T% 374 B7%h + % 1 45% 44% 45% +1% 1121 121 121 -% 16 68% 68 68% 1 113% 113% 113% #Di 8 5% 2 1% % 18% 'II 0. A 834 90 197 1084 | 108 54t 231 153 128 46'% 1155, 493, 55 18% 9 133 21% 41 150 2:156 p.m. Stock and Bales— Net Dividend Rate. Addgg. Hilh. Ifl' fio“ Chge. 2% Comw & Southern. 59% Comw & Sou of (3). 7 Conde Nast Pub_ __. 30% Congoleum N 11.60. 16 Congress Cigar (a2) 15 ConnR&Lpf... . 8 Consol Cigar 72% Con C prof ww 6% 27% Consol Ed NY t2__ 4% Col Film - 15% Consol Film pf(32). 3% Consol Laundries... 11% Consol Oil (89ec) 5% ConsolR R Cuba pf. % Consol Textile (d). 2 Cons Coal (Dsl)vte. 12% Cons C (Del) pf vto 15% Container Corp (1) 10% Contl Baking (A).. 1% Contl Baking (B)_. 63% Cont’l Can (13) 17' Contl Dia Fibre(2). 35'3 Contl Insur (+1.60). 214 CContl Motors 28% Contl Ofl (Del)al% 25 Contl Steel Corp(1) 55% Corn Ex BK&Tr (3) 63% Corn Prod Ref (13). 4 Cotyv Ine - 24 CraneCo 35 Cream of Wh' 15% Crosley Radloal . 43% Crown C'k& S (a4). 44 Crown Ck pf xw 23 T% Crown Zelleb™® vtc. 28 Crucible Steel 95’§ Crucible Stl pf ZI%. 4 Cuba Co 9 Cuba RRpf _ 64 Cuban-Am Sugar 63'3 Cuban Am Sug pf.. 35'a Cudahy Pkg (2%)._. 4 Curtiss Wrignt 10's Curtiss-W (A) a5ve 43% Cutler-Hammer t1 59 Cushmans pf (3%) 7% Davega Stores (1) 107 Dayton P&L pf 4% 52 Deere & Co » 27 Deere & Co pf(1.40) 3's 19'; Deisel-Wem-G (11) Delaware & Hudson 4% Den&Rlo GW pf (d) Detroit Edison (t4) 30% Diamond Mtch t1%. 37'% Dia Match pf t1%__ 18% Dist Corp Seag Ltd. 19 Dixie Vortex (1%). 40 Dixie Vortex A 215 41’3 Dome Mines (12) __ 50% Douglass Atrcraft_. 13 Dresser Mfg(B)al. % Duluth §S Atl 11 Duluth S S & Atl pf. 47 Bunhill Internatl 1314 Duplan Stlk (1) 133 Du Pontde N a6.10. 515 Eastern Roll Mills 9% 186 156 KEastman Kod (15) 166 4012 157 152 Eastman Kod pf(6) 2813 Eaton Mg (12) . nngton Schild 30% Elec Auto Lite v2.40 110% Elec Auto L p1 (7) 10 Elec Boat (aé0c) .. 5 El& MusindalSc.. 6% Elec PWw& L © . 291 Elec Pw & Lt $68 pf 323 Elee Pw & Lt $7 pt 39% Elec Stor Bata2¥ .. 13 Elk Horn Coal «d) 115 Elk Horn C of (d) 223 El Paso Nat G(1.60) 5% Equit Office B a20c. 12 Eureka Vac C (800) 234 Evans Product(t1). 4% Exchange Buffet 2% Fairbanks Co 34% b'ks-Morse(t1) 210% 1224 Fairbanks-M pf(6). 6115 31% Fajardo Sugar (2) 278 12310 12% 6 18% Federal L.t & Trac 697x Fed Min&S pf 31013 73 Federal Mot Tr 40c 3 Fed Screw Works 6 21 Fed Water Sve «A) 201 Fed'd Dept 8 (2) 105 Fedtd DScupf 4% 38 Fidel Phoe F 11160 247 Firestone T & R (2) 40 First Nat Strs +2 301 Flintkote Co ¢1) 4615 Florence Stove 4% - 37s Follansbee Bros «d) 32 Food Machine (1).. 24%4 Foster-Wheeler.._. 95% Foster-Wheeler pf Francisco Sugar .. 234 Freeport SulCo (1) 47% Fuller Co pr pf. 31'% Fuller Co2d of.... 3% Gabriel Co (A)-eee 1134 Ga ell C lOS‘a 100 Gannettevof (6 1T 15% Gar Wood Ind a55¢c_ 813 Gen Am Inv aisc). 97 Gen Am Inv pf (6). 421 Gen Am Trans'ta3. 10% Gen Baking ntuc;. 7 Gen Bronze 5% Gen Cable ___ 17 Gen Cable A 703 Gen Cable pf (37)_- 343 Gen Electric (t1) 33% Gen Foods 11.80) .. " Gen Gas & Eiec (A) 14 Gen G&E 6%cv DfA 191 Gen GEE 8% pf A 58 Gen Mils (3) 123 116 Gen Mills pf (6) 7 128% 118 Gen Motors pf (5) .. 15% 537 Gen Motors (a434). 5% Gen Qutdoors Adv._. 18% Gen Outdoor Adv A 38 Gen Print Ink (a5)- 2 Gen Realty & Utfl._ 26% Gen Realty & " pf_. 33Y% Gen Refrac @3% ). 32% Gen Sti Casting pf 17 Gen Theatre E (a2). 13% Gillette Saf R (t1).. 70 Gillette S R pf (5)_ 6% Gimbel Sros 84 Gimbel Bros pf (§). 3915 Glidden Co (2) - 37 Gobel (Adolf) 6% Goebel Brew (120¢) 13% Goodrich (BF) (al) 74 Goodrich (BF)pf(5) 21% Goodvear I & R 105% 100 - Goody T&R cu pf 5- 116% 87 Goodyear $7 pf (4)- 814 Gotham Silk Hose 2 Graham-Paige 1% Granby Cons (new) 31 Grand Un'on ctfs__ 241 Granite City Stl (1) 32% Grt Northern pf. 16 Grt North'n Ore (1) 31 Grt Wt'n Sug 12.40_ usv. 136 Grt West Sug pf(7) 22 Green (H L) (11.60) 65 Greene Cananea (3) 14% Greyhound (180¢) . 1% Guantanamo Sugar 24 Guantanamo Sug of 30% Gulf Mobile & N pf 33 Hack WpfA(1%). 6 Hall(WF)Printing. 14 Hamiiton Wateh 125% 104 Hamilton W pf (6) 105% 100 Hanna (M A) pf (5) 30% Harb- Walker (12)_ 12 Hat Corp of Am (A) 4% Hayes Bodv 99% Hazel Atlas GI (16) 12% Hecker Prod (60c). 26% Hercules Mot (t1) .. 84 Hercules Pow ab% . 587 Hershey Choc (13)- 30% Holland Fur (a1%). 9% 124 108 Holland Fura pf(6) 9 Holland&Sens t50c.. 19% Holly Sugar (+2) .. 22% Houd-Her (B) t1%._ 54% Household Fin (4) _. 66% House Fin pf(4.68) 6% Houston Ol vte____ 48% Howe Sound (13)_.. 3% Hudson & Manhat.. 81 Hudson & Man pf_.. 13% Hudson Motor Car.. 1 Hupp Motors. ... 18% (1linols Central. ___ 30 Illinois Cent pf (A) 58 I1l Cent Ise lines (4) 4% I[ndlan Refin (a1) 25% Indu Rayon (11.68). £8% InlandSteel (13) - 6% Inspiration Copper 10% I[nter Rap T vto (d) 2% Intercontl Rubber.. 9% Interiake iron 2% Int Agricuitural_. 22% Int Agricul or pf... 194 160 Int Bus Mach (16).. 106% 656% 10% 2% int Hydro £lec (A). Int Harvester 3% . 8 4% Int Mercantile Mar. 18% 10 ntl Mining (a90c). 66% 433 Int Nickel (81.30).. m 3% Int Paper & Pw (A) ik 34 Int Paper & Pw (B). 3% T4% + % 15% + W 384 — % 18% + % 154 - +1 5 LHEEL 410 CE SRR R EE 8 © NF Do n S s RS T SO O Ty ® S ® - BanvenSrmmaanonte - €6 - 86 7 15 55 53 54% — % 2189 189 189 + 4 103% 103% —1% 9% 9% — % ™% Th 18 18% 63% 64% +1% 17 1 1036 High. 8% 98Y% 48%, 10% 61% 30 53% 35 19% 37%_ 107 22% 31% 133 10115 46 24% 49° 1181 14% 494 210 49% 65t 15% 107% 65 168, 30% 48%, 1311 110 112 120 119 12% % 41 104" Newb'ry (J J)pf(5) 2: l’l p.m. Dividend Rate. Add 00. Ilh. Low. Close. M Stock and Low. 1% Int Paper & Pw (C) 20% Int Paper .: Pwpf.. 37 Intl Print Ink (42)_. 3 Int Ry Cent Am vto 19% Int Rwy Cent A Df_. 23 IntlSalt (11%)-——. 47 IntSho® (12)ceaeen 15 IntSilver. . 11% Int Tel & Tel - 10% Intersta DS (b2%). “82 Int Dept Strs pf(7). 15 Intertype Corp (1) 24% Island Creek (2) 88 Johns-Manville($3) 75% Jones&L 7% pf 13% asv, Kalamazoo S (1) 19% Kelsey-H (A) a1%_ 17% Kelsey-H (B) al%. 28% Kennecott (a1.70) 17% Keystone S&W blsc 3% Kinney (U K) Co 30 Kinney(GR)pf(al) 747 Kresge Dept Strs pt 20% Kre (S8) (11) 19 Kroger G&B(11.60) 15% Lambert Co (3).... T% Lane Bryant. 12 Lee Rub&Tire(0c) 15! Leh Port Cmt (1%) 9415 Lehigh Por C pf (4) 2 Lehigh Valley Coal 9% Lehigh Val Coal pf. 815 Lehigh oy R R 89 Lehman Corp (13)_ 12 Lehn & Tinkal%.. 374 Lerner Stores (12)_ 47% Libbey-Ow Gla3l. 7 Libby. MeN&Lal. 97 Ligg & Myers (14)_ 9784 Lizg&Mvern B (14) 19 Lily Tullp Cup 1% 25% Lima Locomotive . 36 Link Belt (12) 3214 Liquid Carb (2.60) .. 43 Loew's Ine (12) 2 Loft Inc § Lone Star Cmt(12)_ 3% Long Bell Lum (A) 38% Loose-Wiles (2) 21% Lorillard (P) t1.20. 13 La U1l Ref pf (4) _ 57'% Louis & Nash (a6)_. 22% Ludlum Steel (11)_. 29 Mc Call Corp (12).. 12% McCrory Stores . 92 McCrory Strs pf(6). 40% McGraw Elec (12) . 16 McGraw-Hill 12%c. 381 Mecintyre Porcu (2) 8315 McKes Tin P(a5%). 834 McKesson & Hob . 37% McKess&Rob pf(8). 1113 McLellan St (b75¢). 27% Mack Trucks (t1)__ Macy (R H) (12 Madison Sa G 600 Magma Copper (a3) Manati Sugar (d) - Manati Sug pt (d)_ Mandel Bros ____. Man El ma gt (4). Manhat Shirt (1) Maracaiho Ol Exp Marine Midl'd t40c Market St Ry Market St Ry pr pf arshall Field & Co Martin Parry Masonite Corp (11). Mathieson Alk(1%) Maytag Co (a50c) - Maytag 1st pf (6)_. Mead Corp E Mead Corp pf (6) __ Melville Shoe (15) . Mengel Co - Mengel Co pf Mengel Co pf ctfs__ Mesta Mach a3¥% AMiami Copper Mid-Cont Petal.15 Mid'ld Stl Prod (12) Mid Stl 18t pt (8) Minn-Hon Ros 1% Minn H cr pt B (4) Minn Moline Pwr M St P&S S Marie M St P&S S M pf 16% Mission Corp(a4se) 513 Mo hans & |exas 143 Mo Kan & Tex pt A 2'a Mfssouri Pacificid) 37» Mo Pacific pf «d) 197 Mohawk Carp +1.20. 79 Monsanto Chem 11 35% Montgom Ward(12) 1# Mnt Wrd rts Jan 29 41t Morrell J & Co 2 40 % Mother Lodeal2%3¢ 28% Motor Prod (12) 154 Motor Wheel (1.60) 11% Mullins Mf\B)as0c 21 Munsingwear (13)_ 44 Murphy G C (12) . 14 Murray Corp (a50¢) Nash Kelvinator Cp 1215 Natl Acme (a7sc) - 915 Nat Aviation (al)-- 28% Nat Biscult (1 60) 307 Nat B'd & Inval.1l. i3 Nat Cash Reg (al) . Nat Dairy Proalls t Dairy P pf A(7) t Datry P pf B(7) t Dept Stores t Dist Prod (12) t En & Stpg (2) 17% 21% 65 s Nat Ry Mex 1st pf_ 13 Nat Ry Mex 24 pf__. 57% Nat Steel (1213) 19% Nat Supply Co 74 Nat Supply pf $3% - 77 Nat Tea (60c) 10% Natomas (t80c) 32 Neisner Bros (12)_. Newberry (JJ)12.40 10% New Orl T&M (d) .. 9 Newp't Indusaélc._. 3215 N Y Afrbrake a2%.. 27% N Y Central R R 17% N Y Chicago & St L 361 NYCh1&StLof.. 3% N Y Dock 10% N Y Dock pf =2 1 N Y Investors (d) . 3 NYNH&H @ 73 NY NH & H pf (4) 4 N Y Ontario & West 21 N Y Rys pf «d) 915 N Y Shipbuilding 57 N Y Shipbuilding pf 83 N} Steam pf (6) 931 N Y Steam 1st (7) 1% Norfolk Southn (d) 115 105 Norfolk&Wn pf(4) 14% 6% North Am Aviation 231% North Am Co (11) . 52% North Am Co pf (3) 98 North Am Ed pf(6) 23% Northern Pacific. . 2 Norwalk Tire&Rub. 19 Norwalk T& Rpf_. 12% Ohio O1] (aé0e) - 24% Oliver Farm Equip. 17 Omnibus Corp vte_. 8 Oppenheim Collins_ 24% Otls Elevator a7bc... 136 123 Otis Elev pf (6) ¢ 20% 834 1214 Otis Steer 79 Otis Stl 1st pf(534). 164 128 Owen-Il1 Gl (a6) 22 15 3215 29% 39% 41 58% 4% 13 Pac Am Fish (t1)..x 3% Pacitic Coa: 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 & Teleg a7 185- 11% Pac West O (a65c) _. 6% Packard Mot(ad5c). 1% Panhandle Pro & R. 67 Paraffine Co (t2)... 7% Paramount Plet .. 59 ara Pic 1st pf (6)- 814 Param’t 2d pf $60c.. 17% Park & Tilford (32)-. 2%, Park Utah 23 Parker Rust P t13 4% Parmelee Transp't. 6% Patbe Film Corp 10% Patino Mines(t60¢). 1% Peerless Motor 60 Penick & Ford (t3). 69 Penney(J C) (a7%) 8% Pel 1 & Coke 4% Penn Dixie Cement 17 Penn G18'd cfs a50c 28% Penma Rallroad(a2) 30 Peoples Drug «t1) llflt 110 Peoples Dr pf (6%) 38 Peoples Gas Chi 16 Pet Milk (t1) 12% Pet C'p of Am a%0c.. 10% Pfelffer Brew (1.20) 25% Phelps Dodgealy . 45% Phila Co 6% pf (3) 3% Phila Rap Tr (d) ._ 8% Phila Rap Tr pt (d) 1% Phila& Read C& 1. 7% Phillips Jones. ___. 66 Phillip Morris (3).. 384 Fhillips Pet e a3%). 20 18 1 508 2 18 PNSN e —® e ruBunss 9 80s 200 1 7 3 4 20s 3 34 2 1 41 3 4 5% 5% — 9314 =2 44 Y 4 “ 6% — % 50% ~ 26% — % ) 48% — % 36% 12% 34% — -1 % % % 105% + % 22% +1 281 — 154% + +1 -1 - E S R BEE B8 PERESESE L4444+ © + 151% — 20% — 134 + 26% + 23% + 31 - 37% + 521y — 43'3 — 152 25% 10% — g = 80 25% = % % % % % TEETEESE FIFEFLEFIES FEIEFEFFE FFE FEFIFFEF MONDAY, JANUARY 11, 1937 TIONS ON THE NEW YORK STOCK EXCHANGEM[]SISI[][,‘KSUP 1038 Stock and h, Low. 18% 8 PlerceOtipt ____.. 3% 1% Plerce Pct.rouun_- 37% 284 Pillsbury F (1.60)_ 18% T4 Pitts Coal - 13% 73 Pitts Screw a52 29 231 Pittsbursh Steel Co. 110 49 Pitts Steel pf_ - 4% 1% Pitts Term Coal 80% 14 Pitts Term Coal Df.. 9% 2% Pitts United Corp.. 112% 58% Pitts United Cof__ 27% 11% Plymouth Of1 (t1)._. 29% 12 Poor&Co(B)._ . _. 3% 1% Porto R Am TobB.. 13% 6% Postal Tel&C p2 (4) 28% 17'% Pressed Steel Car_. 56 40% Proctor & Gam t1% 122% 115% Proc & Gam pf (5) 50% 39 PubSveNJ (12.40) 113 103! PubSve N J pf (5). 130 113% Pub Sve N J pf (6)_ 14415128 PubSve NJ pf (7). 697 36% Pullman Ine (1%).. 24% 16 PureOfl 118 91% PureOfl 6% pf___. 133% 103 Pure O118% pf ___. 20% 9% Purity Bak (140¢)-. 14% 9% Radio Corp 10% 5 Radio-Kelth-Or (d) 38% 28% Raybestos-M t1%_. 50 39 Reading 1st pf 12)_ 16% 9% Real Silk Hostery ... 31 12% Rets (Robt) 1st pf_. 24% 12% Reliable Strsas0c.. 25 1T% Rem Rand (160¢c) ... 90% 81 Rm Rnd pf ww 4% 8% 4% Reo Motor Car. 16% Republic Steel 77 Repub Steel pf 811- 78% Rep Stl pr pf A (6). 10 Revere Copper 2214 Reynolds Met (11) . 50 Revnolds Tob B (3) 32 Roan Ante (1.12) . 27 Safeway Stores(t2) 96 Safeway Strs pf(5) 110% Safewav Strs pf (7) 22 StJoseph Ld (al)_. 1'% St L-San Fran (d)_ 2% St L-San Fr pf (). ge Armsal) __ henley Dist (+3)_ chieniey D pf (534) Schulte R Strs (d)_ 75 Schuite R S pf (d)_ lll .— Dividend Rate. Add 00. High. 5315 Scott Paper (12)___x T0s 7 Seaboard Alr L (d). 2 Beaboard A L pf(d) 301 Seaboard Of1 (1) 3! Seagrave Corp 59% Sears Roebuck ('!) 14 Sears Rrts Jan 15 15% Servel Inc (11) . 20% Sharon Steel (11.20) 89 Sharon Stl H pt (5) 4% Sharpe & Dohme . 43'x Sharp & D pf (3%) 114 Shattuck F G(150¢c) 30% Sheafter Pen (2) 14% Shell Un Ofl (a25c) 12715102 Shell Un Ofl pf 6% 8% Silver King (60c)_. 19% Simmons Co (a3) 313 Simms Petrol 97% Skelly Oil pf (6)___ 54 Sloss-Sheflield St 6579 Sloss-Sheft pf (7). 40' Smith (A O) 21 Snider Packing 12'5 Socony Vac Ofl a70c 37 So Am G & P(ai0c) 26 South Port S (12) _ 25 So Cal Edis (1112) . 23'; Southern Pacific . 12% Southern Railway. 19 Southern Ry pf___. 6% Spalding (A G) 63% Spalding (AG)1st pt 101's SpangCh&Co pf 316 5% Sparks- Withington 67» Spear & Co (a50¢c) - 15% Sperry C'p vto (al) 44 Spicer Mfg pf (3). Spiegel, Inc__ piezel, Inc pf__ 21%; Square D Co (a1%) 14% Stand Brands t80c 913 Stana Com Tobacco 5! Stand Gas & El (d) 913 Stand G&E 84 pf «d) 24% Stand G&E $6 pf(d) 26% Stand GRE $7 ot (4 2 Stand Inv Corp . . 75« 35 Stand O of Cal (11) 324 Stand Ofl of Mmd 11 25 tand Oilof Kanal 5114 Stana Ol of N J (1) 24% Starrett (LS) 1.140 65 Sterling Prod 13.80 16% Stew-Warner t50c Stokley Bros(b20c) 14% Stone & Web (a25c) 9% Studebaker Corp 91 70 SunOil (t1) 125 118 Sun Oil pf (6)._ 60 27 Superheater (ade¢) 6% 3 Superior O 42% 9% Superior Steel 377 23 Sutherind Pap t1.60 1213 6% SweetsCoof Am 26% 20% Swift & Co (11.20)_. 357x 28Y% Swift Intl Ltd (2) 20% 15 Symgton-Gould ww 15% 12% Symingtn Gould xw . Taleott (J)(bl5c) 6% 1eiauloRraph (6Uc) 5% Tennessee Cop albc 2874 Texas Corp'n (11) 4% Texas Gulf Pr (a5e) 33 Tex Gulf Sul (12) 28 Texas& PacRR T3 Tex Pac C & O a2bc 91 Texas P L T (al0c) 8% The Fair z 85 The Fair pf (1) $15 Thermotd Co 31, Third Avenue 24% Thomp Prod (a1% 47 Thompson Starrett 14% Tide W Asso O 600- 2 100% Tide Wat A O pf(6) 12% Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c 147% Trans&Wn Aira2sc 10% Transue&W (160c). 744 Tricontinental a50c. 93 Tri-Contl C pf (6) 47 Truax-Tra C(a25¢c) T4 Truscon Steel 2215 20th Cent Fox Fa2. 8% FwinCity R T 65% Twin CR T pf 314 27 Ulen & Co 74% Und-Ell-Fish(a2%) 3813 Unton Bag&Pap (2 1% Union Carb & C 3.20 813 20% Unton Oil Calif (1) 149% 108'3 Union Pacific «6) 100 90 Union Pacific pf (4) 31% 22% Union Tank C 1.20 32% 20% Unit Aircraft a50c 22 13 Uwd Air L (a20c)__. 33% 24% Unitea Bisc (1.60). 117 111 United Bise pf (7) 96% 68 United Carbon (13). 85% 22% Unit-Carr Fast(12). 9% 5% United Corp (a20c). 48% 40% United Corp pf (3).. 10% United Drug (a75¢) 15 Unit Dyewood(1)... 4 United Elec Coal 3214 Unit Eng & Fy (12). 661 United Fruit (13)__ 14' United Gas lmp (1) 6% Unit Paperboard (n. 13 U S & Forn Secur 91 US& For S 1st (6). 24% U S Freight (t1) 80% U S Gypsum (12) ... 87% U S Hoffman 49 US Hoffman pf 2%. 31% U S Indus Alcohol-. 4'3 US Leather vtc . 10% U S Leather A vtc . 71 U S Leath prpf $4. 21% US Plpe & Fy(1%). 7% U 8 Realty & Imp... 16% U 8 Rubber . 47 U S Rubber 18t D'.. 72% U S Smelting (210) 46% U 8 Steel 154% 115% U S Steel f - 168 160 U S Tobacco pf (7). United Stockyards. 5 United Stores (A) 67% Unit Str pf $14.81% 50 Univ Pict st pf 3% Util Pw & Lt A (d)- 1 Vadsco Sales Corp. 16% Vanadium "orp 28% Van Raalte (ai%). 40 Vick Chem (1) __. 4 Va-Car Chemical 28% Va-Car Chem 6% pf 4 Va iron Coal&Coke II'I% 120 Vulcan Detin pf(7) 4% 2% Wabasb (d) 10% 5 WabashpfA (d)... 39% 30 Walgreen Co (2)... 49% 26% Walker (H) (2) _.. 19 9% Waldorf Sys 11.20.. 12% 5% WalworthCo ... 7% 24 Ward Baking B 18% 9% Warner Bres Plet 69 44 Warner Bros pic pf. 2% % Warner-Quin (d)... 12% 4% Warren Bros__ .. 15% 32 1 oo (PP [V -1 - TP - FINANCIAL. 118% 50% 109 122% 138 0% s 117 o 2 PruxSanarwnidao - B 3% ke 45% Low. Close. chn. 1T% — % 1% 3% 28%, 1% 14% 28 )!flV- 109 122% 138 69% 21% 102 110% 20 11% 8 36% 117 ll'l +2 —1% ll‘fi T 45 s 102 % 2% 31w 40 4% 8 57 (Continued on Fifteenth Page.) 28% — 84 23 o - F 9 3% 9% - % 38% 46% | ++++4 41 l+4+++|++0++++++| z 5t L+t FEEEFET 444101 :r;:’:r;:::: L4++++ 0 Rht+1 0 + +1 EEa ff-’_fl‘f B T F 1+ L i 121% -6 ® FRACTIONS 102 Coppers and Specialties Lead Rise—Early Losses Cut or Wiped Out, Stock Averages 80 lnduit R-illn Ui, st 969 398 972 39.7 96.6 388 324 75.9 993 435 30.2 Net change. Today, noon Prev. day_.. Month ago.. Year ago___ 1936-37 high 1936-7 low.. 73.4 1935 high... 763 312 - 495 185 216 - 175 87 239 .146 9153.9 184.3157.7 1927 low.... 51.6 953 618 61.8 53.0 715 52.9 52.1 459 53.7 434 44.7 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financiai Writer. NEW YORK, January 11.—Stock-, on the whole, exhibited forward lean- ings today, many getting ahead frac- 4 | tions to around 2 points. Continuance of the General Motor strike put a dent or two in some auto | motive issues, but most reduced ¢ | canceled losses in the afternoon. | Coppers and specialties executed ¢ early upswing, and were followed late by cuch aircrafts as Douglas, Boeing United, North American Aviation anc | Aviation Corp. Sugars were also given a play. There were a number of soft spots in evidence near the fina hour, however, The trading volume expanded suf- ficiently at times to put the ticke: tape behind. There were also slow in- tervals. Transfers approximated 2 - 700,000 shares. NEW YORK COTTON By the Associated Press. NEW YORK, January 11.—Cott sagged today under tired long liquid: - tion and hedging against foreig: growths in the distant positions. Demand was restricted to trade buy- ing on a scale down. March reacted from 1245 to 12 41 and was selling at that ievel at the beginning of the last hour, when prices were generally 2 to 7 points net lower, Firy ¥ Liverpool Quotations. LIVERPOOL. January 11 8 .—Cotton 11.000 bales. " including 3.500 American Spot. moderate business done: prices two points higher: quotations in pence: Ameri- strict good moddiing. 800d mid- 26; middiing . 6.86; low mid- strict good ordinary. 6. rargutures closed st arch. 6.86. May : e December, 647 ccheo—an_Am By the Assoclated Press. CHICAGO, January 11.—Faced by a Government report this afternoon on domestic farm reserve supplies of wheat and corn, grain values today ruled lower most of the time. A decrease of 2,409,000 bushels in the United States wheat visible supply helped to rally wheat prices a little in the late dealings. Talk was heard also that Italian reselling of wheat was confined to nearby deliveries and was more than offset by purchases of distant months. At the close wheat was 1327 under Saturday’s finish, May 1.335%a3,; July, 1.16'sal,; corn, ;a34 up, May. new, 1.10%alz; July, new, 1.06!4a3;; oats unchanged !, off and provisions un- | changed to 10 cents lower. WHEAT— Open Low May g L3 £ FPEEELy "Chicago Cash Market. Cash wheat, No. 2 hard, 140; corn, No. 4 mixed, 1.08; No. 3 yellow, 1.10%,- 1112: No. 4 yellow, 1.053;-09%; No. 3 vhite, 1.1213-131;; No. 4 white, 1.08!2- 1012; oats, No. 1 white, 5512-5712; No. 2 white, 55-56; No. 4 white, 5233-541%: rye, No. 2. 1.15%2; soy beans, No. 3 yellow, 1.5715; barley feed, 70-95 nom.: malting. 1.00-40 nom.; timothy seed, 5.85-6.10 cwt.; new, 5.60-85 cwt.; | clover seed, 24.00-32.00 cwt. Baltimore Quotations. BALTIMORE. January 11 (®.—Wheat, %43, 7°8, Winter. garlicky. spot domestic. 1.44%: January, 1 FE FEER Ry REVE Winniper Prices. WINNIPEG ~ January 11 . —Grain range today Prev, H High. Tow. AT— DIVIDENDS ANNOUNCED YORK. January 11.—Dividends Special Pe- Stoc! te.riod. record. e S =y 1= 1 1 1 1 1 1 1 1 | NEW | declared: k of G Krueger Srew Extra. Bankers' Nat Inv Corp Do. A_. =3 BRNRAR BAAR - LONDON. January 11 (P —8teck prices closed generally hl( er today, with mining issues in deman m}!owm- the rise in ndustr Home rails stro S Rallroad stocks received most attention in the Bourse and prices moved while bankin; price. net losses of 45 to i Snd, Sues Canal shares lost n‘n;r; Electrical and coal stocks we FREIGHT LOADmGS NEW YORK. Jsnuary 11 (#.—Revenue 1reght, caroadings. on raliroads Teportine today for week ended 9 included. eek. Jan. 9. P k. Last yesr. Santa Fe_ 26.711 22.428 VISIBLE GRAIN SWPLY NEW YORK, January 11 (#)—The visible supply of American grain shows the following changes in bushels: Wheat decreased 2,409,000; corn increased 219,000; oats decreased 556,000; rye increased 37,000; barley decreased 562,000,