Evening Star Newspaper, January 13, 1937, Page 13

ADVANGESORED BY CHAINSTORES Best Christmas Volumes in Years Revealed by Com- pilation. 8pecial Dispatch to The Star. NEW YORK, January 13.—Chain stores had their biggest Christmas trade in years and, with a single ex- ception, their biggest vear in 1936, according to the monthly compila~ tion released by Childs, Jeffries & ‘Thorndike, Inc. The first 25 chains to report did an aggregate December business of $356,890,478, an increase of $52,768,- 078, or 17.3 per cent in excess of the game month a year ago. This com- pared with $304,122,400 for December of 1935 and with $275796,754, the total of the holiday business during‘ the same month in 1934, For the full 12 months ended De- cemher 31 these chains did $2.800,- 418.147, which, with the single ex- ception of the year 1929, was the largest volume reported for chains in their history. In the same 12 months in 1935 they did $2,439,322,001. The increase last year over 1935 was $361,096,146, or 14.8 per cent, as contrasted with the gain of 9.8 per oent in December, 1935 over the same month in 1934, ‘The volume, however, for the last month was the largest reported for any single month in the chains’ his- tory, even though the year's figures did not quite exceed the volume of 1929. It compared with a volume of $281.638.03¢ for October, which was the second largest month for 1936, and with $249.125.095 in November, the third largest month of the year. Following is a compilation of the sales for the 25 chains for December and for the 12 months, arranged in groups: Mall order_ 172 a4 147 7 148 Drug =ixe Apparel ___C $2.800,418 1 SHORT-TERM SECURITIES. (Reporied by Chas. D Barney & Co Ofter Amer. Tel. g Tel U. S. TREASURY POSITION. By the Associated Press The position of the Tri on Jan- wary 1 s 3 MONTREAL SILVER. MONTREAL. Jan futures opened easier Mrcn 45500, Mas. 3 —Bid. NEW YORK, January 13 (#).— Maxwell V. Miller, general sales man- ager of Royal Typewriter Co. has| been appointed charge of sales. TO FLORIDA AT LOW COST in these luxurious, new Seaboard coaches Seaboard has transformed coach travel to Florida from | druggists. In three strengths: Regu- o MUSTEROL | vice president in l CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, January 13.—The fol- lowing is today’s summary of corpora- tion news prepared by Standard Sta- tistics Co., Inc., New York. Falstaff Brewing Corp.—Common share earnings in period from January 1 to November 7, 1936, were $1.64. Morrell (John) & Co.—Common share earnings, year ended October 31, were $1.61, against 88 cents. Peerless Corp.—Net income, year ended September 30, was $161,813, equal to 35 cents a common share, against deficit of $223,655. Wilson & Co., Inc.—Common share | earnings, year ended October 31, were $1.06, against $1.08 in year ended Oc- | tober 26, 1935. | Lehman Corp.—Net asset value on | December 31, 1936, equaled $137.20 | per share, against $119.25 on June | | 30, 1936. | Ferro Enamel Corp.—A special | meeting of stockholders of this com- | | pany has been called for January 27| | to vote on an increase in authorized | | common stock from 150,000 shares to | 300,000 shares and a change in par | from no par to $1; one new share | would be exchanged for each old | share; shareholders also would be asked to ratify cancellation of 24,000 | shares of 5 per cent preferred stock, | $5.50 par, retired on October 1, 1936, | and now held in the treasury; ‘stock- | holders are requested to waive pre- emptive rights as to 7,500 common shares which it was proposed to sell | | to officers and employes. 1 | Gamewell Co.—Orders received by | company in six months ended Novem- | | ber 30, 1936, first half of current | fiscal year, more than doubled those | | for like period of 1935. | | Price Bros. & Co. Ltd.—Pacona, | | Ltd., formed by Aluminum, Ltd.. and | Lehman Bros., has agreed to offer of Price Bros. & Co., Ltd, for payment of the 6 per cent bonds, and that Montreal Trust Co., as trustee. would accept payment on behalf of Pacona | and minority bondholders on January G. W. Scott, trustee in bank- | d reorganization of the paper company would proceed forthwith, Great Atlantic & Pacific Tea Co.— said company will put into effect | in a few weeks a policy of higher , shorter hours and other em- ploye benefits, affecting virtually all the store managers and clerks, who included 60,000 of the 92,000 em- ployes. Spencer Chain Stores, Inc.—Com- mon share earnings, vear ended No- | vember 28, were $1.24, against 92 cents in year ended November 30, | 1935 | Bethlehem Steel Corp.—Subsidiary, Bethlehem Steel Co., received an order from Balt : Ohio R. R. for 1,500 gondo! RHEUMATIC PAIN | major commodities thus far. T takes more than “just a salve” to draw them out. It takes a “counter-irritant ' And that's what good old Musterole is—sooth- ing, warming, penetrating and help- | ful in drawing out the local conges- tion and pain when rubbed on the sore, aching spots. Muscular lumbago, soreness and stiflness generally yield promptly to | this treatment, and with continued application, relief usually follows. | ven better results than the old- fashioned mustard plaster. Used by | millions for 25 years. Recommended by many doctors and nurses. All | lar Strength, Children’s (mild), and ExtraStrong. Testedandapprovedby i Good HousekeepingBureau, No.4867. | e v8 a hot, dusty, boresome ride, to a clean, comfortable and enjoyable experience, which is all the more pleas- ant because of its extremely low cost. Air-conditioning assures comfort and fresh air at all times. You travel all the way without chang ing cars. Soft, upholstered individual seats which turn facing windows or slide back to a restful, reclining position so you can sleep peacefully. Pillows 25¢. Coach meals 50c. Trains for Florida with de luxe, through coaches leave Washing- ton 6.10 P.M. Other trains to Florida with coaches lv. Washington 2.55 P.M. and 2.40 A.M. k ONE-WAY COACH FARES FROM WASH. SAVANNAH $9.86 . . . MIAMI $17.93 . . JACKSONVILLE $12.44 . TAMPA $15.60 ST. PETERSBURG $15.96 Similar low fares to and from other points Consult local Ticket Agent or Edward Plack, A.GPA., 714 14th St, N. W., Wash,, D. C. Tel. NAtional 0637 AIR LINE RAILWAY The ONLY completely air-conditioned trains to Florida ) 'E HARDWARE STOCKS LOW AFTER RUSH Retail Shelves Are Cleaner After Holidays Than Any Year Since 1929. Stecial Dispatch to The Star. NEW YORK CITY, January 13— Retail hardwareé stocks are cleaner than following any Christmas buying period since 1929. Practically the only supplies in the stores or in wholesalers' ware rooms, Hardware Age will say tomorrow in its market summary, are freshly bought mer- chandise definitely planned for Win= ter or Spring selling. As for the manufacturers, they have almost never been so bare of any vestige of reserve supplies. They are operating at full time—or overtime where they can— to catch up with the accumulations of their incoming orders. Many important industries are hampered by strikes in their own plants or in those of their material suppliers, and such situations are adding to the scarcity of “this and that,” which all buyers are experi- encing. Price increases - on manufactured goods are coming through with un- diminished speed, but on these there is yet no sign of “pyramiding” or of overreaching the increases in material and labor costs. In many of the com- modity or material lines, however, the rises have been so spectacular that their permanency is being de- bated. ‘There have been enough late buy- ers or enough speculative covering to maintain an active market for all ing, however, cannot keep up jndefi- nitely in the face of such rapid in- creases as have been made in lead, copper. hides, rubber and other com- modities. For some of these war rumors abroad have been largely re- sponsible, and in their higher reaches, and many believe that these recent prices are not safe to depend upon, even though they may be carried ! still higher before reaction. b - = Northern Pacific Ry.—Deficit, 11 months ended November 30, was $2,- 762,950, against deficit of $5,266,445. JUSED BY@ LEADING HOSPITALS IN TREATING EXTERNALLY CAUSED SKIN IRRITATIONS Like countless individual users, important hospitals have found treatment with Cuticura brings effective relief from skin irritation. Cuticura Ointment also helps heal and restore smooth, clear skin, Cuticura Soap, quick lathering, mildly medicated, ideal for toilet and bath. Each 25c. All druggists. SPENCER Automatic Magazine Feed Heater stokes itself but needs. no motors—no blowers. Burns lowest cost anthracite cleanly — odor- lessly. There is the right size Spencer for every home and building. Complying with all District regulations, Spencer is especially suitable for heat- ing apartment houses and other large buildings at lowest cost. Complete Demonstration At Anthracite Industries Exhibit and for further details see Ist & K Sts. N.E. Telephone: NA. 0050 SPENCER EATER 4 D. C, WEDNESDAY, JANUARY 13, 1937. GIVEN U.3. STEEL POST Policy of Bringing in New Executives for Key Jobs Continued. BY the Associated Press. NEW YORK, January 13.—The United States Steel Corp. yesterday took another step toward injecting new blood into its corporate veins by naming E. M. Voorhees vice chairman of its Finance Committee. Wall Street circles say Voorhees, 45, was about to be elevated to the presi- dency of Johns-Manville Corp., when the Steel Corp. dropped this new job in his lap. On April 1 this men, who has per- sistently evaded the spotlight of pub- licity in the financial world, will take over the job of helping run the | finances of the $2,000,000,000 steel | company. As Wall Street measures it, a man is | young at 50. Voorhees will follow to | Colonial Anthracite | The Finest || Pennsylvania Coal Money Can Buy R. S. MILLER 805 Third St. N.W. AT. 5178 the board of the Steel Corp. two other 'young” men, recently appointed—48- year-old Leon Fraser, president of the First National Bank and one-time head of the Bank for International Settlements, and 50-year-old Irving 8, Olds, lawyer. As vice chairman of the Finance Committee he will have the position vacated by Edward R. Stettinius, who on January 1, 1936, moved up to the chairman’s seat of the committee. Although it was understood the Steel Corp. had been combing the fleld for some time for a vice chair- man for its powerful Finance Commit- tee, Voorhees himself refused to dis- close how the job came his way. His business career, which centered on accounting and financial work, found him connected with Johns- Manville in 1926 after a series of jobs which included a brief sojourn in the Far East with Pacific Commercial Co., an exporting and importing firm. Later he was with United States Rubber Co., Willlam A. Harriman & Co. and Sanderson & Porter, where he was an industrial engineer. With Johns-Manville for more than years, he was consecutively gen- | auditor, treasurer, secretary, vice president and director. Johns-Manville Corp. announced today the promotion of four officials to new executive posts. to controller from general auditor and Vandiver Brown to secretary from assistant secretary. Arthur Olsen, who joined the com- | pany January 1, was named treasurer and W. I. Waite was made secretary to the officers’ board. The appointmenis were made fol- lowing the resignation of E. M. Voor- hees, secretary-treasurer. DIESEL FUEL BOOSTED. NEW YORK, January 13 (#).— Standard Oil Co. of New Jersey an- nounced that effective January 9 its price on Diesel fuel oil is advanced 15 cents to $1.65 a barrel at Baytown, | Galveston, Harbor Island, Houston and | Ingleside, Tex. The Harbor Island price previously was on an inquiry basis, but is now $1.65. BY SPAIN'S FAR-FAMED SHERRY FAMILY GONZALEZ SHERRIES Sip by sip, these true wative sherries of Old Spain reveal, in their lingering taste-full- ness, the age-old secrets of the first Gonzalez, guarded through generations of this great sherry family. A fine Gonzalez Sherry for every taste GONzALEZ “DIAMOND Junitee rich and golden (serve at room temperarure) Gonzatrz “Cocuran™, pale and medium dry (serve slightly chilled) Alcohol 20% by volume Imported from Spain by SCHENLEY IMPORT CORP. New York Conr. 19 NEW YORK BANK STOCKS unter market bank and trust companies’ opening bid and asked price: i Bk of Manhattan ( Chase (1.40) _ | Gity 1) Charles H. Roberts was advanced | Commercial (8) First Nation; Public (113) Bankers (%) Biclvn Trust (4) Central Hanover (3) Chemical (1.80) Lawyers Mfgrs () __ N Y Trust (5) - Title Guaranty & Trust —— RUBBER FUTURES. NEW YORK. January 13 rubber futures opened irregular. ¢ to & higher. March, 22.17; May, 22 July, 21 85 ,Trust"(2.40) Crude er Due to floods the Philippines will have a short 1937 tobacco crop. y TO A BISTINGUISHED CLIENTELE ly choose the Fort Montagu Beach Hotel * To the inmumerabls pleasures of a win- ter vacation in beautiful Nassau it adds the refinement of gracious liv- ing * Thoroughly modern, facilities for sports of every kind * Write for literature or ses your travel agent. FORT MONTAGU BEACH Nassou’s Only Sec Beach Hotel COLONIAL A binful clean, climate. 2 Lock up “Colonial Coal” in the yeliow section of your telephone book. of good, long-burning Colonial enables you to make your own ALIJVEHIN Join the capacity crowds AT THE MOST FASCINATING SHOW EVER STAGED IN WASHINGTON Men are absorbed — women thrilled — by the mechanical magic and colorful smartness of new things to make K automatic heat cost less. EXHIBIT AT 1132 CONNECTICUT AVE., N. W. admission free! Come to this show and see how one easy, inexpensive step can give you automatic heat with your present equipment. The intelligent metal mind of the anthracite thermostat will save steps, time and money, in giving you automatic heat control. This is but one of the many marvels of ingenuity gathered to- gether in the largest heating show ever seen in Washington. Another, for example, is the modern anthracite magazine feed heater. See how it takes care of itself for days at a time. Modern automatic anthracite burners are fascinating to watch. ‘—but quiet! They take anthracite right out of the tight-closed bin, feed it to the fire, and remove ashes to sealed containers. Women interested in a modern basement find this an especially timely show. In these days of city-wide interest in smoke abate- ment, they are most interested in cleanliness. Anthracite is clean—it gives smokeless heat in any equipment regardless of kind or cost, and makes modern basement rooms not only clean Join the interested crowds at this free show. Then you'll join the thrifty thousands who have safe, dependable, healthful- automatic heat at the lowest possible cost. Be sure and register your name and address at the show and receive—FREE—a copy of the interesting book, “A Man's Castle.” Come any day or evening this week Anthracite Exhibit, 1132 Connecticut Ave., N. W. e e e e e e S S SR ), PARTIAL LIST OF EXHIBITORS AGA STOVE COMPANY BLUE CoAL CORPORATION Cook ELEcTRIC COMPANY CRANE COMPANY DicksoN & Eppy ELECTRIC FURNACE-MAN, INC. THE EsTATE STOVE Co. FirzciBBONS BoILER Co., INC. Froypn-WELLs Co. HERSHEY MACHINE & FOUNDRY Co. Kor-Ax, INc. IroN FIREMAN MFe. Co. JamEs REGULATOR Co., INC, MiINNEAPOLIS HONEYWELL REGULATOR CORP. NEwTON SUPPLY COMPANY H. B. SmiTH COMPANY SPENCER HEATER COMPANY Taco HEATERS, INC. ywmy/z/m ANTHRACIT COAL THE solLID A FUEL FO R SOLID COMFORT