Evening Star Newspaper, January 11, 1937, Page 15

FINANCIAL. CURB LIST TAKES UNEVEN COURSE Most Wide Changes Higher, Small Gains Offset by Moderate Losses. By the Assoclated Press. NEW YORK, January 11.—Mixed price swings characterized trading in the Curb Market today. Most of the wide changes were to- ward higher ground, while slight alterations were about evenly divided late in the morning period. North American Rayon “A” and “B” stocks experienced sharp run-ups of from 1%2 to more than 2 points, but turnover was not great. Pepperell also im- proved a bit. Other prominent gain- ers included Doehler Die Casting, Dow Chemical, Aluminum Co. of America and Great Northern Paper. Sun Ray Drug, Agfa Ansco and Gray Telephone Pay Station sold off a point or so. Pan-American Air- ways, Pennroad and Cities Service lowered small fractions. Bankers National Investing Orders Dividend Payments Special Dispatch to The Star. NEW YORK, January 11.—Bankers National Investing Corp. has declared regular and extra dividends as follows: A quarterly dividend of 15 cents per share of preferred stock; quarterly dividend of 32 cents and an extra of 32 cents on the common class A and | class B stock; a quarterly dividend of 8 cents and an extra of 8 cents per | share on the common stock, all pay- able January 22, to holders of record January 15, 1937. Since November, 1929, the company has paid dividends each February, May, August and November. The above regular payments are being made this month instead of next so as to give the company additional divi- dend credit in its current fiscal year, which ends January 31, against the | surtax on undistributed earnings. SALES GAIN REVVEALED FOR EIGHTH DISTRICT! By the Assoctated Press. ST. LOUIS, January 11.—The St., Louis Federal Reserve Bank an nounced today a preliminary repor of unaudited department store sales for December in the eighth Federal Reserve district showed an of 64.8 per cent over sales of the pre- ceding month, and a 17.9 per cent increase over those of . December, 1935. Sales for the 12-month period ‘which ended December 31 were re- ported as 11.9 per cent above those ©of the preceding 12 months. CURB BONDS High. Low. Close. 9475 94y 041 increase | By private wire direct to The Star Stock and Sales— Dividend Rate. Add 00. Acme W vtc (2)._ 3768 Aero Supply (B).. 18 Agfa Ansco - 1 Ainsworth (a1) 2 Air Investors Inc. 12 AfrInvincwar... 6 Alr Invest cv pf. 2 Ala Pwrpf (6) _. 108 Allen Indus (t1).. 2 Alles Fisher 2 Alum’n Co of Am _ 4508 Alum Am pf 3113 1008 Alum'n Ltd .. 2008 Am Afrlines. [no_. 17 Am Beverage __.. 2 Am Capital (B) 1 Am Cit P&L (A) 3 150¢ Am CP&L ww2¥ 2 AmCItP&L Ba20c 8 Am Cynam B t60c 16 Am & For Pw ww. 6 Am G&E (1.40) _ 86 Am Gen C’p (a50¢) 7 Am Gen pf (23%;)..1008 Am Gen C pf (2) 500s AmL&T (t1.20). 8 Am Mfg Co (a3).. 60- Am Maracaibo __. Am Meter a2% ). Am Superpower ... Am Superpwr pf_. Anchor PostF __. Angostura (120¢). Arcturus Radio T- Ark Nat Gas Ark NatGcupf__ Ark Nat Gas (A)- Ashland Oil & Ref As El 1229 7-10c. Asso Gas & Elec.. Ass0G & E (A) A350 G & E 85 pf__ Al Coast Fisher . Atlas Corp (a80c) Atlas Corp war | Atlas Crp pf A(3). Atlas Plywd asoc Austin Silver . Auto Vot M(50c) Ax-Fisher(3.20)A Babcock& W a2 85 2 | Baldw L bd ris(d) | Barium Stain St Baumn L 1st pf 37 & | Bellanca Aircraft | Bell Tell Pa pt 635 Berkey&Gay F Co Berk&GF pur war Bliss Co (E W) __ | Biue Ridge C al0c. | Blumenthal S____ Bohack (HC)____ Bohack HC 1st pf_ Bower Roll B (2)_ | Bowman-Biltmore | Brazil TL&P 40c_. Bridgep't Mch al_ { Brill Corp (B). 1 Brill Corp pt_____ 2008 Brillo Mfg (60c 2 Brown Co pt Brown Forman _ Buckeye P L (3) _ bs Buff N&Epf1.60_. 2 Bunker H&S (12) . 28 Burma(alz 9-10¢) 4 | Burry Bisc (60c) _. 4 | Cable EI Prod vic. 1 Can Indus Alco A Y ‘an Marcont 2% “arib Syndicat Carrier Corp Carter Co (J W) __ Casco Products - Catlin Corp (a4c) | Celanese 1st p£(7) | Celluloid Corp | Celluloid 1st pf 38 208 Cen Hud G&E8vc 8 Cent Ohio Stlal.lt 1 Cent&SW Util . 14 | Cent States Elec . 34 | Cent St El cv pfn. b0s Cent St E1 6% pt_ 826s Cent St E17% pf .. z6s Centrif Pipe t40c. Charis Corp(13) . Chief Consol Childs Co pf Clties Service | Cities Service p | Cities Sve pf(BB) Bllh. Low. Close. 4 &7 5134 233 2 31y 1l 363 954 | 109 11 96 19 184% 4% 2% 21 €08 T 4 Clty Auto S(160¢) 7 )12 11015 11015 1063 10634 10614 10614 1035 124 Florida P&L 55 2 4 10075 ]lN“) 10015 Gatineau Pw 10133, 943, 48 .x'4 1 c 1:&4’41 4 7 07% 0775 077, c 47 'AZ102 " 10134 1013} Indian E C rl s '53 B]«"h;'. 10573 1057 8 Hy-El Interst Pw 3 Interst P § : Interst P § Pw. 210172 101 Pw 5lis o34 1021102 Or P8 65 ' A 1n4-, qu 90 11 4 B & 57 90 Buber of I 4%s “as . 109, %uur of Il 4’-4! 70 . 10 ‘laude Neon Lts.. v Tractor Club Aluminum Colon Dev Ltd Colon Dev 6% pf. Colo Fuel&Ir war_ ColtsF FAtlY 14 Colum G&E pf(5) 2268 Columb O& G a2lc 56 Comwlth Edis (5). 1 Com with & S war 8 Com’u’ty P&L 1st. 60s Community PS 1 200s ComSM ste vte t1. 1 Cons Alrcraft - Consol Biscuit 60c Consol Copper Cons Gas(Bo)3.60 Cons Min&Sm 12_. Consol Retatl Strs Cont'l Roll & S Fy Cook P & Var t60c Cooper Bessemer Copper Range .__ Cord Corp z Corroon & Reyn _ Cosden Oil Me (d) Cosden(Me)pfud) Cramp(W&Sons) - Creole Pet (a50c) Crocker-Wh al0c. Croft Brewing _. Crowley Milner __ Crown Cent P a6e Crown Drug (40¢c) Cuban Tob vte Curtis Mfg (a50c) Cusi Mex Mining_ Darby Petr (50c) .. Dayton Rubber ___ Dejay Stores t80c. Derby Oil & Ref _ Derby OiI&R pf14 Det Gray Ir t20c.. Det Pap Prod t25¢ Detroit Steel (t1). Distilled Liquors.. Dohler Die C (a1). 18 Dow Chem (2.40)_ 2 Draper C (12.40) . 208 Driver Harris (t1) 2 Dubeiier Condens 6 Duval Tex Sas0c 37 Eagle Pitch d a60c 30 Eastn G&F Asso 6 st'n G&F pf(6) 400« East'n States Pwr 1 East’n St Pw (B) 1 kasy WM B t50c 2 11 Economy G S a1 100s Eisler Elec (abc). 2 m Elec Bond & Share 860 263 ElecB&Sptf (5).. 2 % ElecB&Spf(6). & 843 El Pwr As(A)a25c 1 8% Elec P&L opt war. 1 1834 Elec P&L 2d pf A 408 80 Elec Shareholding & Electrographic t1 1 Emp G&F 6% % pf 50s Emp G&F 7% pf 100¢ 6 Equity Corp(a2sc) 15 2% Evans Wall Lead 18 1 Evans Wall L pt 800s 2 Ex-C-O A&T t60c 41 22y Fairchild Avalsc % Falstaff Br (al %) 934 Fanny F C (t50¢)_ 2814 Ferro Enam(a3) .. 8% Fidelio Brewery ... % Fisk Rubber 1 FlaP&Lof . 6334 Ford Ltdal8i-10c 1 7% 2% Kord (Cap) A (1). 17 24}y 243 Ford(Can) BaT7bc. 76» 26 2 Ford (France) _. 4 384 8% 17% 70 4R 0 106% 106 108 87 n'l? a5 by Yo 33‘/- A 1023 8s & R s 2027A . 102% 10! "’ . 093 093 lmfi. hl ug 41 4m 2d 1,48 4gs5o Jobless Insurance. More than $10,000,000 was paid in unemployment insur- lornia with $4,000,~ the year's end. Hat Corp (B).--me Fox (P) Brew 80c. 1 103 103§ Froedt't G&M 20c. 4 14 14 Froedt't cv of 1.20 100s 19 19 Gen Alloys 2 8 3% 354 GenElLtd as6i%c 1 22% 22% Gen Firepr'f t40c. 1 20 20 GenG&ElcvptE 60s 61 6 Gen Invest Corp.. 2 13§ 1% Gen Tire& Rub . 19 20§ 20§ Gen Pub Sv pf $15. 108 84 84 Georgia Pw pf (6) 268 95 95 Glen AldenC (11) 7 144 144 Godchaux Sug(B) 4 328§ 22 Godchaux S pf(7) 40s 105 105 Goldfield Consol . & % % % Gorham (A) 1 6% 6% 6% Gorham vtc ex(1) 1 2635 2635 26k Grand Natl Films 7 31 3% Gr Rap Var(t60c) 1 13} 133 18}5 Gray Tel PS (1) 2 20% 20 20 Grt A&4PT o v 6 80s 1163 116 115 Grt Nor Pap (11)_200s 40 89% 40 Greenfleld T&D_. 2 9% 9% 9% GuardianInvest.. 1 3% % % Gulf Oil Panew... 20 62} 60% 62} Hall Lamp (80c)-. o Hartman Tobacco. 1% Harvard Brewery. l:;“‘ 24 | 0% | N J Zine (12) . | North'n Europ Of1 | No In PS6%pf1415 10s- 6% | Prosperity Bal% 2 THE EVENING STAR, WASHINGTON, D. C, MONDAY, JANUARY 11, W YORK Stock and_ Sales— Dividend Rate. Add 00. Hazeltine (a2% ). 2 Hecla Min (a60c) 84 Heller (WE) t40c. 1 Heller pf ww 1% _.100s Mollinger G t66c. 3 Horn & Hard (2)_.100s Hudson BM&S (1) 62 Humble Ofl (t1).. 7 Hygrade Food . 13 Huylers(Del)(d). 8 Huyl pt stpd (d)..1008 INP&LE% pf__. 508 111 Pwr & Lt §6 pf $00s Lmp OI1 Ltd t50¢ 18 Ind'n Ter INO(A) 1 Indiana PL (140c) 2 Indus Fin7% pt . 268 1ns Co of No A t2_160s IntiCigarMt2 . 8 Intl Hy E1Scv pt. Intl Petr (t13%)_ Intl Products intl Util (B) Intl Utilities Intl Util war new_ Intl Vitamin t50c_ Interst Ho M 123 Interst P(Del)pt. 20s Inv Royalty (3¢c). 6 Iron Firemen(t1).100s Irving AirCh (1). 1 1tal Superpwr(A). 1 Jacobs(FL)Co(1). 9 Jeanette Gla40c.. 7 JersCen P&L pf 6. 20s Jonas& Naum .. & Jones&Laugh Stl. 3 KansCity PSvte. 6 KanCity PSpfA. 2 Ken RT&L A aTic Kingsbury Brew . Kingston Prod 40c Kirby Petr (20c) Knott Corp (a40c) Koppers pf (6) Kreuger Brew (1) | Lake Sh M (t4) _ Lakey Ky & Mach Leh Coal&N a6lc. Leonard Of1 Lion Oil Ref (1).. Lit Brothers Locke Stl Ch 80c._. Lockheed Atrgraft Lone Star G aélc. Long Island Ltg . Long 1 L pf A(7 Loudon Pk'n t50c. La Land (40c) __. Lucky T (t12¢) . Lynch Corp (Yz).. McCord Rad (B) Majestic Ra&Tel Margay Oil ab0c-- Marion Steam Sh_. ): Mass Util Associa. Massey Harris __. Mem Nat G(a50c). Mercantile Stores. Merch&M A albc.. Merritt Chap & S.. | Mesabi Iron | Mex-Ohio Of1 _ . Mich Bumper C | Mich Steel T a1.09 Mich Sugar. . __ | Mid Sta Pet (A) _ Mid-WAbras 110¢ Midld O cvpf $1%; 1008 10 Midvale Co (a5) .. 508 72l4 Mining Co (Can).. 10 33 Miss Riv F pf (6)_ C0s 116 Mock Judson 60c.. 5 14% Moh H P&L 1st(7)425s 102 | Mohawk H 2d pf 3008 121 | Molybdenum Corp 14 875 Mont Ward A (7) 120s 151 Montr HLt&P 13 2 37 Moody’s pt pf (3). 25s 3Y Moore Dist (150c) 6 5 Mount Prod (60c). 14 6% Mueller Brass t1.. 13 8% Nat AutoFibt1l, 2 33y NatBakingCo___. 2 74 Nat Bella Hess___ 24 24 NatFuelGas (1) 1 18 NatGypsAa2%_. 3 65 Nat Investors ___ 24 3% Nat Invest war_ 1. S8 Nat Leather 16 2y Nat Ol Prod t60¢ 1 334 Nat P& Lt pf (6) 2508 90! Nat Refining 2 81y Nat Rub Mch a20¢ sa 13 | Nat Service = % | Nat Servicepf l 42 Nat Steel Car Ltd 60s 5715 Nat Sugar NJ (2) 4 73, Nat Transit (76c). 3 1035 Nat Union Radio 26 21 Neptune M Aaélc 2 1734 Nev-Calif Elec. 108 22 -600s 8534 New M&A Ld 2 a4 Newmont Ma3% 1 134 N ¥ & Hound (11) 2508 N Y Shipbldg_ 1 N Y Steam _ Niag Hud Pw a40c 122 Niag H P(A) war. 20 Niag S Md Ba6étc. 7 Niles-Bem-P (a1). 2 Nipissing (a50c).. 9 Noma Elec (a40c) 3 NorthAmL&P 212 North AmL&P pf 250s NARayonA t13% 15 NARayonBtly 3 North Am Ut Sec 1 NoCen Tex Oalse 1 166 Nor IPS 7%pf31% 208 North States P A 9 North'st Eng al% 1 Novadel Az (2)... 4 Ohio Brass B (t1). 75s 46 Ohio Edis pt (6).. 60s 108% Ohio Otl cu pf (8). 2 11034 Ohio Pwr pf (6) 808 112 Okla NatGasCo_. 26 141§ Okla Nat Gas pf__ 3508 32 Oldetyme Distil __ 6% Pac G&E 1st (1%) Pac G&E pf 1.37% Pacific Ltg pf (6) Pac P & L pfal0% Pac Public Service Pan-Am Air (t1)_ Pantepec O11 - Penn-Mex FaS0c. 1 Pennroad (a2bc) 27 Penn G&E (A)1% 1 Penn P&L (7) 1708 1113 Penna Salt (+4) __ 758 170 Pepperell Mfg t6 2508 143 PhilaCo (1) _ .. 3 18} Phoenix Secur 8 6y Pierce Gov (a50c) 13 2435 Plon'r GM Ltd 80c 20 63 Pitney Bow(t40c) 8 8y Pittsbgh Forging 19 19% Pitts & L B 1234 __100s 913§ Pitts PIGl (a6)... 1128 Pleas Val Wine _. 6 24 Plough Inc (1.20). 1 17% PotreroSugar .. 13 4 Powdrell&Al t60c. 6 11 Pratt& Lamall_ 35% Premier Gold t120 % Producers Corp.... 35 uM Prudential In a50c 13% Prudent Inv pf(6) lMl 103 Pub 8 Nolll n p(3) 50s 903§ PubSveind pf 840s° 363§ Pug Sd P&L pf(5)200s 90 Pug Sd P&L $6 pf_800» 50% Pyrene Mfg(ad0c) 1 8 Ry & Lt Sec al.55 1508 Rainbow Lum (B) 1 Raymond Con a50¢350s Raym'd Con pf(3) 25s Raytheon Mfg vtc 1 Reed R B new t80¢ Reynolds Invest _ Rice Stix DG b50c. Rustless Ir&St] Ryan Consolid'd . Ryerson & Haynes St Anthony Gold._. St Regis Paper___ St R-‘l- le 28 Savoy Bchlfl(Tho)Co('l) Schulte RE(A).__ 1 Scovill Mfg(a2%) 2008 Secur CorpGen... § Segal Lock & H._. 16 Seiberling Rubber 9 Selby Shoe /2)... 100s Selected Indus " Self P S(a19 2-5¢). 1 Seton Leath a50c 2 Seversky Afreraft 79 Shattuck Den Min 26 Shawin W &P80c 1 82 Sherwin-Will 14) 400s 136 Shrev-El Dor P&L 2 Smith Cor v ext 1 Sonotone C (a10¢) So Penn Oil(t1%) SoCal Ed ptpf 1% SoCalEd pf C13%, Southn P L 20¢ __ Southn Union Gas. Sou Royalty t40c. Spanish&Gen rcts. Spen 163 2 27 21 4 31 4 2 Chain 8t ¢0e. NEW YORK CURB MARKET High. Low. Close. 16! 614 16 26 3434 6 1081 11034 1% 1314 313 % 82y 29 107 87 8% 69 8% 6 4% 16% 11134 170 141 153 6% 23y 6l 815 | graded i | receints 'SAcked e U s §4,068 407 EARNED BY WILSON & C0. % Year’s Total Compares With $4,109,539 Recorded in Previous Period. By the Assoclatea Press. NEW YORK, January 11.—Wilson & Co., packers, reported for the fis- cal year ended October 31, 1936, con- solidated net earnings of $4,068,457, equal to $1.06 a share on the com- mon stock. This compares with $4,- 109,539, or $1.09 a share, in the pre- ceding year. The company’s balance sheet at the % end of the fiscal year showed total nssets of $86,776,871, against $79,- 199,023 on October 26, 1935, Edward Foss Wilson, president, reported. Of this figure $42,324,960 represented cur- cent assets. The report said the company had continued its program of moderniza- tion and had erected a new beef house at Alberta Lea, Minn.; a new pharmaceutical manufacturing build- ing at Chicago, and new branch houses in important consuming centers. ‘Wilson said the company was grati- | fled with the success of advertising and promotion activities, which would be continued. Lee Rubber & Tire. Lee Rubber & Tire Corp. reported today for the fiscal year ended Octo- ber 31, last, net income of $563,- 826, equal to $2.19 a common share. In the preceding fiscal period the company earned $184,586, or 72 cents on the common. The number of 1 | shares increased slightly in the past year. The company has headquar- ters at Conshohocken, Pa. CHICAGO PRODUCE. CHICAGO, January 11 (#).—Poultry, lrucks. steady: hens. 4'2 pounds erleSs Lthan, 4%a pounds. 18%a: Lethorn Hense 1212 Borines 3 pounds ups colored. 15: Wlllw Rock, 1 Plymouth Rocl less than 4 pounds, colored. 18 Rock, 16: Plymouth Rock, 1 hite Rock. 20 Leghorn chicken: horn roosters, 1 oung ome 14: old, 137 turkeys, 13: ducks, 4'2 pounds up, white and colored. 16: small white and Northern geese, 13: Southern, 7 pounds up, 20; less than 7 1. easy 12-35; ext extra 1ger; 50907 Fetrigerator ‘firsts. 207z Potatoes, 153: on track, 248: Unued Sllel sninmenls Saturday, ‘X'l, nday, 151. Colorado McClures slightly other stock about steady for best | : supplies moderate, demand slow Idaho Russet Eununkx 50: fair quality. emal ; Washington Ri combml ion grade. baker llze 40: Colorado Red McClures U 8. yoming Bliss Triumphs. p: 00 Roma Whites, U. 8. commercial, Bliss Triumphs, . helv! lo small, 5 Michigan Is and few Green Mountains, B jaz b5, Less than carlots! Fiorida > Bliss Triamphs© busher glispuly stronger, demand fair: U 8. No. No. No. Russet erates. Potato _ futures Viitne .17; March grade A, Jd(‘. . METAL MARKET. NEW YORK. January 11 (P —Copper eiectiolytic, spot and future. - Tin steady sml d ne l’- spot. n qui g . o] b, z-sum Ptnnsyl'lmn Do Buf- 00, Alumfnum. pot. 14.04 7 p1atinum. 48.00" Stock and Sales— Dividend Rate. Aad 00. High. Low. Close. Square D pf A 2.201350s 42 89% .om Stand Inv cum pf 200s 62 61% Std Oil Ky (11.40) - 9 20i 19% IIK Stand Oil Ohio t1. 8 37} 87% Stand Pwr & Lt._. 100 634 6 Stand P& L (B).. 16 6 Stand Prod (a25¢) 1 Stand Si&Ld (4c) 9 | Starrett Corp vtc. 8 63 | Sterchi Brosa3oe 9 Sterchi Bros 1st 3. 5Us Steriing Bralsc.. & Sterling Inciase) 25 Stetson(JB)bi0c . 1268 Stroock Co(a2'z)- b0s Stutz Motor | Sullivan Machin Sun Ray Dr 780c . Sunray Oil (alle) Sunr'y O cu pf 2% Sunshine Min (3) Swiss-Am Elec pf Taggart Corp ... Tampa El (2.24) - Tastyeast(Del)A_ Taylor Dist (30c)- Technicolor a50¢._. Tech Hughes 140c. ‘Texon Ol & L 60c. Tilo Roof (150¢c) .. Tob Prod Exp 16¢c. Todd Shipyd (12). m- Tonopah Belmont. 20 Tonopah Min aée.. Tr-Lux DPS 120c. Tri-Conul C war __ Tubize Chatiliion. Tubize Chati (A). Lung-Sol Lamp n ‘Tung-Sol L pf 80c. Twin-Coach a1.40. Ulen & Co 5% pt . Ulen & Co 1% % pt Unexcelled MIg Un GdsCan az2 ¢ Unit Alr war Unit Corp wa Unit Gas pf(33%) Unit Lt & Pw (A). Unit Lt & Pw (B). Unit Lit & Pw pt Unit M Lta13 Unit Shipyds B UnitSMpt (1% U 8 Foil (B) (1) U 8 & Intl Secur_. S&IS1st3ly.- Linespt_. Radiator pf_ Rub Reclaim. U S Stores U 8 Stores 1st pf_ Unit Stores vic __ Unit Verde Ex (1) Unit Wall Paper__ Univ Picture: s S s 8 Univ Pred (a212). & - Utah Apex UtahP&LDL3Z.91% 226 Utilities Pw & Lt. 16 Util Pwr&Lt (B). & Util Pwr & Lt pf. 'IWI Utility Equities.. Util & Ind (new).. Utllity & Indus pf. Venezuela Mex O Venezuela Petrol . Va Pub Sve p£(7)_ Waco Atrcraft. .. 43 | WagnerB vtct1.60. Wait & Bond {B)... Walker Mining.___. Wayne Pump (506 14 Wentw'th Mf 1.20. 8 3 | Westn A E (a25c). 7 West Au Sup A 14 200 W'n Tab&Sta (1) Will 0il-0-M abue Wil-low Cafeteria Wil-low Cafe pt Willson Prod (t1) Wolverine Port C. Wolverine T t60c. Wright Harg t40c Ygsta |t Door 11 Yukon Gold(al3c) Dividend rates tn Iol!-n based on last nv-t.x._ A \ creamery specials | xtras (9:), 34; ex- NE 1937. (Continued From Fourteenth Page.) 2:18p.m. 1936 Stockand Bales— High Low. 38% 37% 39% 11% 2% 52% 107 16% Warren Bros cv pf. 21 Warren Fay&P(11) 19% Waukesha Mot (1). 6% Webster Eisenlohr. 1 Wells Fargo........ 33% Wesson O&S(160c). 91% West Pa Elec A (7) 102 87 Waest Pa Elec pt (6) 110 96 Waest Pa Eleo pf (7) 116% 111% West Pa Pwr pf (6) 124% 116% West Pa Pwr pt (7) 12% 8% Western Maryland. 1 23% 15 Western Md 2d pr_ 4 1% Western Pacifio __. 9% 5% Western Pacific pf.. 96'% 1721 West'n Union (a2) 384% Westinghse A B (1) 94% Westh'se El (ab%) 160 123% w‘; e El 18t pf a5l 22% t'n El Lnst a8bc 35% wumn Elec A (2) 19% Westvaco Chlor (1) 21% Wheeling Steel ___. 84 Wheeling Stl pf(16) 18% White Motor . STAPLES ADVANCE ON BROAD FRON Metals and Foods Group Take Prominent Part in Higher Trend. 85 the Associated Press. NEW YORK, January 11.—Com- | modities pushed forward on a broad | front today, some reaching recovery‘ highs. Metals and foodstuffs were prom- | inent on the advance. Export copper was sold at 12.425 cents a pound, a new top since June, 1930, compared with 12.41 cents on Saturday. Meanwhile copper for fu- ture delivery rose .39 to .50 of a cent, the September contract touching 12.17 cents. The advance in this market took prices up to new highs since 1930. Copper shares were strong in New York and London. Trade circles said a boost in the domestic metal was not likely soon. Imported bar silver was quoted at 453 cents an ounce by Handy & Har- | man, dealers, an upturn of Y of & | cent. A leading producer advanced thew price of prime Western zinc to 5.80 cents a pound, East St. Louis, an in- crease of 0.20 of a cent to the high- | 408 10 = | est since December 10, 1929. At the | same time it lifted the quotation for | > \ future delivery 0.10 of a cent over | spot to 5.90 cents. The New York-Rio coffee (u!urex‘ contract “A” rose to a new high since | i lmy 1936, when trading in this con- | | tract began. The March delivery sold | at 7.28 cents. Cocoa for future delivery gained 006 to 032 of a cent to reach a | high since 1928 The September con- [ tract sold at 1237 cents. |, Raw silk futures turned ahead % |to 21; cents a pound, to a new top | since November, 1935. The March and May deliveries sold at $2.06 a | pound. 'DEBENTURES CALLED BY LONE STAR CEMENT By the Assoclated Pross. NEW YORK, January 11.—Lone | Star Cement Corp. has called for re- | demption February 11 all of the $427,- 500 outstanding 4 per cent convertible debentures of International Ccment Corp., issued in 1935 and due Novem- \ ber 1, 1945. Payment will be made | at 103 and accrued interest, or lhe‘ debentures may be converted into com- mon stock of Lone Star Cement Corp. up to five days prior to the redemp- tion date. ;| Texas Leads in A. A. A. Benefits. | Texas led all other States in A. A. A. | total. Dividend Rate. uaoo.m Low. Olose. n ll!\ ! IVA 2% 51% 50 B0 208 202 101% 102 110s 98 10s 106 106 106 508 115 =% 208 12;% 121% 121% + % X l'l'A H% 'I’/i 9 1497% 148 20s 153 7 27% 27T% 27% 20s 36% 36% 36% 3 254 25 4 41 2105 103 83 27% 2T% 2T% = % 1936 High Low 34% 34% 34% A1% 41% + % 36% 36% — W 8% Bh+ W% 2 2 -% 97 98 41 -f % 116 115 9% — W 1T% - % 3 7% Th — % 79% 1% % 1097/- 162% 152% Kl ¥ g 11:00 A.M. - 1:00 P.M.__ 25 40% 40% 105 lneludml Purchasing Power Of Dollar Down As Prices Climb lr the Associateo Press. YORK, January 11.—Living cos'.s of wage earners advanced .3 of 1 per cent in December, compared with the preceding month, and stood | 26 per cent above December, 1935, | the National Industrial Board reported today. Gains in food, rents, clothinz. coal | and sundries resulted in the increase. The purchasing power of the dol- | | 1ar declined to 116.1 cents in De- |asset value per share six months pre- | | cember from 116.6 the month before and compared with 119.2 cents a year ago. The value of the dollar in 1923 was placed at 100 cents. ASSOCIATED OUTPUT WELL ABOVE YEAR AGO Epecial Dispetch to The Star. NEW YORK, January 11.—For the month of December, Associated Gas | & Electric System reports net electric | output of 392429477 units (kwh), which is 15.7 per cent above December of 1935. Production for 1936 amounted to 4,199,283,176 units, which is an in-| cteue of 465,170,507 units or 125 per cent above the previous year. {CHERRY- BURRELL EARNS | $985,447 DURING YEAR | B the Associated Press. CHICAGO, January 11.—Cherry- Burrell Corp. and subsidiary reported consolidated net income for the fiscal | year ended October 31 of $985.447, Dividend Rate. 13% White Rk M 8(1.40) 3% White Sewing Mch. 16 White Sew Mch pf.. 2% Wilcox Ol & Gas__. 6% Wilson & Co (60c).. 70 Wilson & Co pf (6). 44% Woolworth (2.40) .. 23% Worthington Pump 56 Worth Pumppf A-. 47 Worth Pumppt B 62% Wright Aero (a! 33% Yale & Towne t60c_ 8% Yellow Tr & Coach._ 8314 Yellow Tr&C pf 335 42% Young Spr&W (13). 41% Yonnge'tn Shest&T 122 105 Ygstn S&T pf(5%). 21% Zenith Radio 5% Zonite Products .. 6 Approximate Sales of Stocks on the N. Y. Stock Exchange. 1.760.000 Dividend rates as given in the umwu basen oL the latest mnmfly o 100 shai M\Ilmlllhfl dlvlfl!ndl v @ Oomoanies reported xEx divi FINANCIAL. STOCK EXCHANGE Net Low. Close. Chge 12% 17 +1% 6 42 + % 4%+ % 9% 81% ~ 4 63% — % 38% — % 8% + % 82 +1% 124% +3% 2108 130% 2 45'% 16 9% 1 108% 5 35% B 108% 34 % 710,000 12:00 Noon. above .aple are :he soDus) caan -yeariy declarasions. 1t Annua) cste—not & Pald his year in receivership or being dend. BIG GAIN SHOWN BY LEHMAN CORP. Net Assets at $137.20 a Share, Against $119.25 Value of Six Months Ago. Ejy the Associated Bress. NEW YORK, January 11.—Lehman Conference Corp., an investment company, repnrt-‘ ed net assets as of December #1 totaled $94,236,856, equal to $137.20 per share of capital stock. This compared with $119.25 net viously and $111.34 a year before. On December 31, 1929, the net asset value per share was reported at $91.54 and | at the end of 1932 it was down to $58.27. The total as of December 31 last was | explained as after normal Federal and suw taxes and deduction for man- gement compensation, but without allown.noe for Federal excess profits The report incorporated all of the recommendations of Robert Lehman, president, made at hearings held by the Securities & Exchange Commission into investment trusts last Fall. At the time he enumerated a 12-point program, which, he said, was designed | completely to inform stockholders and | the public as to details of an invest- | ment trust’s transactions. 'RESIDENTIAL BUILDING EXPECTED TO INCREASE | By the Associated Press NEW YORK, January 11.—Residen- tial construction in 1937 should greatly exceed the estimated total of $800,- 000,000 in 37 States east of the Rocky Mountains for 1936, Fenner & Beane, | | New York Stock Exchange firm, re: wkkk A—15- APPAREL PROFITS ” CLIMB IN YEAR Quality Goods in More De- mand as Buying Power Improves. srecial Dispatch to The Star NEW YORK, January 11.—Due to the broad advance of consumer pure chasing power apparel manufacturers in 1936 recorded the widest profit gamns since the inception of the re. covery movement, according to & new study appearing in Poor’s Industry and Investment Surveys. “The customer, as his income con- tinues to rise, buys quality products in greater quantities and offers less resistance to advancing prices, which will be witnessed in most apparel lines in 1937. At the same time advertis- ing, the industry’s essential avenue of promotional effort, should become increasingly effective. “As processors of raw textiles, most apparel manufacturers experience large inventory profits or losses, de- pending upon the movement of tex= tile prices,” the study states. “At the present stage of the business | cycle conditions are favorable to a further rise in the general commodity | price level, and in some divisions scarcity may force very sharp ad- vances. Of the four principal tex- tile raw materialg, cellulose, the base of most rayon processes, has main- tained a stable price position and should continue to do so. “Those manufacturers of men's shirts and underwear who maintained | their quality reputations will benefit most for currently expanding sales. The silk hosiery division faces a long= term declining trend owing to the increased competition from rayon and mercerized materials. This, however, has been temporarily offset as a re- sult of rising consumer purchasing power. Companies engaged in the processing of fur are particularly well situated to reap the benefit of luxury demand. “Improvement in retailing has been general. The weaker units have been eliminated. Buyers are increasing. The United States Supreme Court's validation of fair trade laws suggests that eventually cut-throat competition | may be eliminated and retail prices may be maintained. 'DOLLAR GOES HIGHER IN LONDON DEALINGS By the Associated Press. LONDON, January 11.—The United | States dollar gained 3 of a cent in equal to $5.82 per share on the com- | Ported today after a survey. The 1936 | the foreign exchange market today, mon, compared with $698,241, or $4.09. ‘ the preceding year. The company | total was itself 70 per cent above 1935 and more than three times the $250,- the closing rate being 4.91 to th pound, which was unchanged from manufactures machinery and supplies | 000,000 spent annually in 1933 and | Saturday's overnight New York rate, for the dairy mdus!ry CHICAGO I.IVE STOCK. CHICAGO, January 11 (2 (U. partment of Agriculture).—Hogs.' including 11,000 direct: lower than Friday's average 10.65; pounds, extreme top bulk good and chofce. 1K 0 | 10.45260: comparable 150-175 10.25a50. Best sows. $7.000: calves. 1.500: angther fairly active market on strictiy good. choice and prime steers: such kinds comparatively Scarce: bulk of run comprising shortfeds of value to seil at 11.00 downward: shippers and order buyers active on longfed offerinas selling several loads eoing | 'llh 1.500-pound averages at_insfd stockers and feeders very | 1934, the report said. —_—_— CHECKS ON INDIVIDUAL BANK ACCOUNTS GAIN B the Associated Press. NEW YORK, January 11.—Checks drawn against bank accounts in the Nation’s leading centers gained 83 per cent in the latest week. Analysts pointed out that this was approxi- mately normal recovery from the week- after-Christmas decline. Bank debits in 274 cities, reported by the Federal Reserve Board, com- pared as follows: French francs ended at 10518 francs to the pound, against 105 5/32 { on Saturday. - PARIS, January 11 (#).—Three per cent rentes, 73 francs 60 centimes; 4'> per cent rentes, 78.75. Exchange on London, 105.15. The dollar was quoted at 21.41%. $6,800,000 CONTRACT LET. NEW YORK, January 11 (#).—St. Joe Paper Co. has awarded a $6,800,000 contract for buildings and docks at | Port St. Joe, Fla., as the initial step in Seaee. i o hithers all'she stock selling | | Week ended January 4-$10,481,109,000 | & $20,000,000 pine-pulp mill project. rather actively at steady to strong prices: | ghoice heifers scarce tweens selling at 7.25a; ng practical top 6.50: vealers also steads mostly 12.50 dows : Sheep. 16,000 " including 5.000 , direct: | ndi- | fat lambs in fairly broad demand cations around steady: sheep stron 4){- 0.60a75 on good to choice native and ewes. 480 2550; Other classes scarce. { A California’s Native Daughters of the | by covered wagon or sailing ship. NO Previous week. 9,674,415,000 10,101,529,000 BANK ELECTYONS DUE. ROUND HILL, Va,, January 11 (Spe- cial).—Six of the seven Loudoun County banks will elect directors and officers tomorrow. Besides the Round | Hill National Bank, they are Purcell- ville National Bank, the Farmers & rental and benefit payments, receiving Golden West are compiling a record Merchants, National Bank, Hamilton, i | about 11 per cent of the national | of all pioneers who entered the State 'the People’s National Bank and the | similar week of 1935, Dow, Jones & Co. ! Loudoun National Bank of Leesburg. | has announced. w handling Trust Business valued at more than $120,000,000 WASHINGTON'S LARGEST TRUST COMPANY 15! Joe Paper Co. is jointly owned by IMeid Corp. of Chillicothe, Ohio, and the Alfred I. du Pont estate of Florida. POWER TREND MIXED. NEW YORK, January 11 (#)—Elec+ | tric output of 19 major utility systems | during the week ended January 2 showed changes varying from & de crease of 11 per cent from an increase | of 25.8 per cent compared with the YEAR AFTER YEAR, more people name American Security as their Executor or Trustee. We invite you to talk with one of our Trust Officers about your estate. AMERICAN SECURITY AND TRUST COMPANY' Largest Capital and Surplus of any Washington Trust Company Main Office: FIFTEENTH STREET AND,PENNSYLVANIA AVENUE CENTRAL BRANCH 7th and Massachusetts Ave., N. W. NORTHEAST BRANCH Eighth and H Streets, N. E. SOUTHWEST BRANCH Seventh and E Streets, S. W. 1140 Fifteenth Street, N. W, Memser Feperav Depostt Insurance CORPORATION Meumser FEperAL REsErvE SysTEM