Evening Star Newspaper, January 18, 1937, Page 14

A—14 wxxx RESERVES HIGHER AT-RICHMOND BANK - Annual Report Also Shows Earning Assets Well Ahead of 1935. BY EDWARD C. STONE. Total reserves held at the Federal Reserve Bank of Richmond on De- cember 31, 1936, amounted to $319.- 669,704.30, in comparison with $246,- 885,457.33 at the end of the previous years, according to the annual report Jjust received by the stockholders. Earning assets at the end of 1936 totaled $126,448,137.07, against $121,- 085,866.36. Federal Reserve notes of other Federal Reserve Banks totaled | $2,778,400, against $3.411,010 a year | ago, while uncollected items amounted to over $62.000.000. compared with | about $48,000,000 a year ago. The rcport states that miscellancous ascets totaled $9,840.731.08 in com- parison with $9.913.072.62 at the end of 1935, leaving total resources of $522.891,620.35, as compared with $429,419,218.09 on December 31, 1935. The Richmond Bank had paid in capital and surplus of $13.010.153.79, against $13,138,742.24 a year ago. To- tal deposits on December 31 were $232,428,491 63, while the same item & year ago stood at $182,455.331.25. Federal reserve notes in actual cir- culation totaled more than $208.000.- 000, against more than $181,000.000 a year ago. Total liabilities stood at $522,891,620.35 in comparison with $429,419.218.09. Commitments in the way of industrial advances totaled $2.321,820.41, against $2,289.224.84. The comparative profit and loss ac- count showed total current earnings of $2,056.153.05, against $2.229.876.81 on December 31, 1935. Current net earnings were $310,955.78 vs. $415.- 932.60. After payment of assessments for the new Federal Reserve System Building and contributions to the Fed- eral Reserve Retirement System, and | other deductions, earnings a\axlable‘ for dividends, etc.. totaled $344,530.03, against $489,474.39. Dividend paid member banks amounted to $280,136- .03, against $239,643.99 a year ago. D. C. Bankers Meet Tonight. The regular Midwinter meeting of | the District Bankers' Association will | take place this evening at the Willard | Hotel, with Sir Willmott Lewis as the | guest speaker and Thomas J. Groom | presiding. In addition to the address on “The Banks and Social Welfare.” there will be a number of important; reports presented. One of these will be that of the treasurer, Albert S. Gatley, vice president of t'e Lincoln National Bank. It is expected (hat‘ wbout 150 bankers will be present. The delegation of Washington's Junior bankers, who attended the an- nual dinner of Norfolk-Portsmouth Chapter, American Institute of Bank- | ing, at Norfolk Saturday night, \ms‘ most enthusiastic over the banquet | and program. Those attending the dinner from the Capital included Paul J. Seltzer, chapter president; William | H. Laughlin, first vice president; Joseph R. Titzpatrick, second vice president; J. Earle McGeary, past| president; G. Elmer Flather, member of the board of consuls, and Robert | G. Whitton. Attend Stein Funeral. Representatives of the Washington office in the Woodward Building at- | tended the funeral yesterday at Pikes- ville, Md., of Julian S. Stein, senior | member of the New York Stock Ex- change firm of Stein Bros. & Boyce, who died last Friday. The senior partner studied at Hotch- | kiss School before entering Johm; Hopkins University. ~Graduating in | 1903, he joined- the firm of Stein | Bros, founded in 1853 by his| grandfather and great uncle and in | 1914 became senior member of the | firm. He was a director in many corpora- tions and a member of the Baltimore | Stock Exchange for 20 years previous to his resignation because of ill health. ‘He was the first partner of Stein Bros. & Boyce to become a member of the New York Stock Exchange. Join Auchincloss Staff. Chauncey G- Parker, jr., announced | today - that Auchincloss, Parker & | Redpath, New York Stock Exchange | firm in the National Savings & Trust | Building, has expanded the staff by adding two more customers’ men, Claude H. Creamer and Harry L.| Jones. Both have been active in the | financial district for a long time. | Harry Jones was at one time with W. B. Hibbs & Co. and for the past 12 years has been with Fenner & Beane. Mr. Creamer has also been associated with the Washington office of Fenner & Beane for 13 years. Both have al- ready assumed their new duties. The Securities and Exchange Com- mission announces that Chester T. Lane of the staff of the general coun- sel has been appointed an assistant general counsel. Mr. Lane joined the commission's staff in 1935. Pre- viously he had been associated with the firm of Milbank, Tweed, Hope & Webb of New York. Born in London in 1905, of American parents, Mr. Lane is a graduate of Harvard Col- lege and the Harvard Law School. Rural Sales Break Records. Daily average sales of general merchandise in small towns and rural areas reached an all-time high in De- cember. Dollar volume for the month increased 19!z per cent from Decem- ber, 1935, and was almost 5 per cent above the corresponding month of 1929. These changes were revealed by preliminary estimates of the Bu- reau of Foreign and Domestic Com- merce, based on rural chain store and mail order sales. Total sales for the year 1936 were 15!2 per cent above the corresponding period of 1935 and were only 8 per cent below the total for 1929. Secretary Heimann of the National Association of Credit Men tells the ‘Washington office that business faces & paradoxical year in 1937. The new year will witness better business con- ditions and, at the same time, it will be a more troublesome period for business management. The year 1937 will show an improvement over 1936, but the rate of improvement, with the exception of the heavy goods indus- tries, may not make as excellent a comparison with 1936 as that year did with 1935. Today's Trading on Exchange. The week’s market opened with 100 shares of Real Estate Mortgage & Guaranty preferred selling on the Washington Stock Exchange at 6Y. Five 10-share lots of Capital Transit changed ownership at 15 and Security Storage moved at 120. The New York Stock Exchange will be opened as usual on Wednesday, which means that all the brokerage houses in Washington will be open on inauguration day. The banks here will be closed, | 110 105% Armour Det of (7)_ FINANCIAL. THE EVENING STAR, WASHINGTON By Private Wire Direst to T The Star. IQ.M Stock and Low Dividend Rate. 59 Acme Steel (4) ___ 9% adams Exp (abbe) . 177 Adams Millis(al%) 2214 Address'zraphi 1) 1'% Advance Rumiey 58 Alr Reduction 1) 2 Alr-Way Elec Applt 13 Alaska Jun (160¢) . 215 Alleg Corp «d) . 12% Alleg pf w33tw (d) 1215 Alleg of xw (d) ... 27 Allez prof(d) . 267 Alleg Steel (al.65)- 205 157 Allled Chem 6 Allied Mills (b50c) . Allied Stores(b70c) Allled Stores p1 6) Allis-Chalm (11%). Alph Port Cmt (1) .. Amal Leather - Amal Leath pf (3)_. Atnerada <orp (2) Am Ag Ch (Del) a4. Am Bank Note (1) Am Bnk Note pf (3) Am Brake Sh (12)_. 14) Am Car & Foundry. 57% Am Car & Fdrv of 31 Am Chain&Cab(a4) Tl Am Coloriyve 2013 Am Comcl Al (ab0c) 16% Am Crys Sug(bi0c) 3'3 Am kncaustic . 9% Am European Sec.. 612 Am & Foreign Pwr 256 Am & For Pw §6 pf. 29% Am & For Pw 87 pf 12 Am & For Pw 2d pf. 13 Am Haw (). 4% Am Hide & Leather 31's Am Hide & L pf (3) 37 Am Home P (12.40) 24 Am Lce 16'3 Am Ice pf (2) 9% Am Intrnat’l (a40c) 231 Am Lacomutive 66 Am Locom pf (al) .. 21 Am Mach&kdrivl) 10 Am Mach & Met 60c 27 Am Metai 7% Am Power & lem 36% Am Pwr&Lt pf (b). 43 Am Pwr&Lt pt (6). 18% Am Radiator(t60c). 23% Am Koll M (11.20). 31 Am Saf Razor (12). 18 Am Seating(aZlg).. 25 Am Snipblag 12) 56% Am Smelt&Ref (3). 145!. 133% Am Snuft pt (6) 64 20'3 Am Steel Fdry (al) 36 24% Am Stores(Z) ... 63% 48% Am Sugar (2) 26% 0% Am Sumatra Tob 11 149's Am Tel & Teleg (9) 87 Am Tobacco (6). . 88'2 Am Tobacco B (5) . Am Type Founders 19's Am Wat Wka adle.. T Am Woolen 523 Am Woolen pf (a4). 3, Am W\ L Faper (d) 4's Am Writ Pap pt (d) 33 Am Zinc & Lead 24 AmZinc & L prpf_. 28 Anaconda Cop (11). 15! Anchor Cap 60e) 97 Anchor Cap pf(6%) 3 AP W Paper Ta% 15% s 62 4% Armour (111inois) 47% Armstrong C'k t1% T's Arnold Const(b30c) 81a ArUoom . orp 12% Asso Dry Goods 98 AssoDG 2d pfbl3 59 Atn foa S Fess 21% At CoastLine(al) 11 Atl Gulf & West Ind 131 At GUIt& W1 pf(4) - 26% Atlantic Rehn (11). 2109 Atlantic Ref pf (4)_ 45 Atias Powder (12)_. 14 Atlas Tack (a75¢).. 26% Auburn Auto 5% Austin Nichols . 2913 Austin Nichols pf A 4% Aviation Corp (Del) 2%y Baldwin Loco (a) T 29% win Loco pf(d) 284 win Lo asdid). 33% Baldw L pf asd(d)- 15 Baltimore & Uhto._. 21 Baltimore & Oh pf_. 39 Bang & Aroos (234) 21 Barber Co (a75¢) - 13% Barker Brothers 8214 Barker Bros pfal0_ 14% Barnsdall Ol (1) _. 16% Bayuk Cigars t75¢ 18 Beatrice Cream(t1) 100 Beatrice pf ww (6) 85 Beech-Nut Pkg(14) 13 Belding Hem (1) 21% Bendix Aviat(all) 20 Beneficial L (bé5c 48 Best & Co (1213) 45% Bethlehem Stlally 161a Beth St 6% of(1 18% Black & Decker 14}z Blaw-Knox (ag0c) 18% Bloomingdale (al). 77% Blumenthal pf a21_. 167x Boeingr Airprane 40% Bohn Alum&Br (3) 80% Bon Ami (A) (4) __ 3y Bon Ami (B)b62 3¢ 25% Boraen Co (1 60) _ 64 Borg- Warner (4)_— 6 Boston & Maine 1's Botany Min A (d. 124 Bridgp't Brass 140 43% Briggs Mg (12) 47 Briggs & Strat (3) 41 Bristol-Myers t2.40. 40% Bklyn-Man Tr (4)_ 97% Bklyn-Man T pf (6) 413 BKIvh & Queens 3313 Bklyn&Queens pf a3 45 Brown Shoe (3) 84 Brunswick-Balke__ 87 Bucyrus-Erie 10715 Bucyrus-Erie pf(7) 94 Budd (k G) Mfg 8% Budd Wheel (a20c). 20% Bullard Co (a1%)-. 11%s Bulova Watch 25 Burr Ad Mch(160¢c). 2% Bush Terminal (d). 8'% Bush Term deb (d) 14's Bush T Bldgs pf(d) 7% Butler Bros (a60c) 29% Butler Bros pf 13 - 2% Butte Cop & Z(a5c). 165 Byers (A M) 54' Byers (A M) ot __ 22 Byron Jackson t1 80% California Pack (2). % Callahan Zinc-Lead 6 Calumet & Heca7be 30 Campbell Wy (11). 10% Canada Dry G A_. 10% a n Pacine 37 Cannon Mills (a4) . 12% Cap Admin(A) (al) 91 Car Clin&O stpd(6) 68, Carriers & Gen (30c 9215 Case (J 1) Co (4) . 116 Case (J 1) Cops (1) 54% Caterpillar Trac 12 21% Celanese Corp ali. 19 Celotex Corp 54 Celotex Corp pt (5). 26% Cent Aguire (T1g) 6% Central Foundry Co 35 Central RRof NJ 22% Central Violeta Sus. 63 Century Rib M bl0c. 97% Century R M pf (7). 47% Cerro de Pasco 14) 8% Certain-teed Prod.. 571 Certain-teed pt (6). 19 Champ Pap & F (1) 101 Champ Paper pt(6) 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80). 1% Ch1 & East Il (d) 2% Chi & East 111 pt(d) 1% Chi Grt Weat (d)._. 4 ChiGrt Wof (d)... 25% Ch1 Mall Ord«t1%). 1% Chi Mil St P&P (d). 274 Cht M St P&P pt (d) 2% Ch1& N W (Q) . 6% Chi& N W ot (d)... 125 Chi Pneumatic Taol 40% Chi Pne T pf (a3%). 1% Chi R 1&Pac «d) 3% Chi R1&P 6% of :a) 3% Chi R |&P 7% pf:d) 19% Chi Yellow Cab (3). 17% Chickash Cot Of} __ 7 Chi'as Co 85% Chrysler Corp(a12) 15% City Ice & Fuel (2) 72% City Lce&F ot (6%) ), City Stores 23% Clark Equip(+1.60). lll% 107% Clev Ei 111u of 4% 77% 48 Cluett Peabody (3). 21% 13 Colgate P-P (150c). 106% 100 Colgate-P-P pf (6). 3914 Collins & AlK t3 __. 814 Colontal Beacon _. 28% Colo Fuel & Iron .. 14 Columb G & E a40c. 9015 Col G & E DfA (6).. 80% ColG& BDL (5). .. 31 Colum Piot vte (11) A 28% 22% 28% 105 112 16% 32% 26‘1 7 .h 20 3419 47 381 120 3% 631 100 47 32% 0% 11t 5l 187 647 69 501 58% 106 12% 511 665 22% 21% 115 15% 14 351 59% 34w 9 33% 318 16% 334 65 103% 9% 186 143 91 324% 39% 38 111 100 % 3% 8% 2% 14% 33 2% 5% 4% 128 24% B!lel— Add lHJ Net Ellh. Low Close Chge. 6 66% — % 18% 27 35% 40%y 103 .’!9\. wv. mu 70 114t5 116 a 624 62'5 QZ’I. 938, 8% 16 27% a 183le 1837a 94 94y 963 954 B i+ & 100'6 100% % T 36% 36% 48 48 23% 23% 20 20% 111 111 13% 13% 104 45 55 31 10% 3213 321 13% 29% 7 sosse sreld R N T B R 29% 86 30% 42% 27 1T% 334 31% 15% 61 17% 106 T 16215 4 128 94 28% 395 0% FaFE FEREF NI ) e ey Hale SREREERES N -0 & % © FEFFEEFE 65% 6% 8 2T 21t 12% 124 12% + ' un,. 120% 1213 -1 1 384 36% % 110% 109! 109% -1% 89 8815 89 + 4 20% 203 20'% 10315 103% 103% + % 59 53% 59 26 26 26 +1 46' 45% 46% - 4 118 204 19% 19% — & 2 106% 106 106 10s 101 101 101 41 14 36% 36% 36% — ¥ [ | 136'3 129 ; 1231 215 p.m. 0236 Stock lnd flllh oW, Dividend Rate. 51% 24 Colum Piccvpf2% 136% 94 Colum Carb etcit4) R4% 44 Comcl Credit (14) .. 128 1004 Comcl Credit pf 4% 913 55 Com'l Invest T (+4) 14% Comc’l Solv (160c) - 2% Comw & Soutberr. 59% Comw & Sou of (3). 7 Conde Nast Pub 30% Congolenm N t1.60. 15 Conn R & L of - 8 (‘onsoi izar 274% Consol Ed N Y +2._ 109 102 Consol Ed NY pre§) 4% Consol Film 15% Consol Film pf (a2). E ‘onsol Launaries . Consol Oil (8)e) 2 JonsolR R Cuba pf. 12 Consol Textile (d). 9% 2 ConsCoal (Dsl)vte 377 21% Cons C (Del) of vio 26% 15% Container Corp(f1) 36% 10% Conul Baking ‘A) 4 1% onti Raing (R 67% Contl Baking pf (8) 635 Contltan (13) _. 17% Contt Dia Fibrec2y_ 35!, Contl Insur (11.60). x ‘outl Motors 2814 Contl O1l (Del)all 25 Contl Steel Corp(1) B5Y Corn Kx RK&TT «3) 63% Corn Prod Ref ni) 4 Colv ine 24 CraneCo 35 Cream of Wh't (+2) 43% Crown C’k&Seal (2) 109 » Curtls Publishing. 93 Curtis Pub pf (7). Curt 10% Curt. 36!x Cushman Sons pf _ 83% 43l Cutler-Hammer t1_ 1974 7% Davega Stores (1) . 108'¢ 107 Dayton P&L pf 475 1083, 62 Deere & Co Deere & Co pf(1.40) Delsel-Wem-G (11) Delaware & Hudson Del Lack & West Den&Rio GW pf (4) Detroit Edison (t4) Devoe & Rey (A) 13 Iamond Mich 1) %y Dist Corp Seag Ltd. Distillers C'p pf(5). Dixte Vortex (.%). Dixte Vortex A Dome Mines (12) . Douzlass Atreraft Dresser Mfg(A 1 a3. Dresser Mfg(B) al. Duiuth 8§ At Dututh S S & Atl pt vunntil internati _ % Duplan Stk (1) _ Du Pont de N a6.10_ Du Pont deb (6) stern Roll Mills_ 30 184 1845 ]33 21% = 136 4015 515 156 2815 5% Kitington Schiia El Paso Nat G(1.60) Elec Auto Lite 12.40 Elec Auto L pt (7). Elec Boat (a60c) _. El & Mus Ind al8c_. Elec 'w & Lt = Elec Pw & Lt $6 pf_ Elec Pw & Lt $7 pf_ Elec Stor Bata2¥ _. Elk Horn Coal «d)__ Elk Horn C pf (d) . Eng Puhlic Service Equit Off Bldg bloc Ere R 1t - Erte RR 18t pt Erfe RR2dDf ____ Eureka Vae C (80¢) Evans Product(t1). Exchange Buffet . 2% Fairbanks Co 813 Fatrbanks Copf._. ‘airb’'ks-Morse(11) % Fajardo Sugar (2)_ 18% Federa! Lt & Trac 697x Fed M&S pf (a1013) 12% 7% Federai Mot ‘It 4uc 6 3 FedScrew Works 6 21 Fed Water Svc (A). 115% 105 Fedtd DScupf 4% 493, 38 Fidel Phoe F 11160 247 Firestone T & R (2) 40 First Nat Strs 12%. 30% Klintkote o ¢1) 4615 Florence Stove ad'g 373 Follansbee Bros «d) 2 32 Food Machine (1) 106 Food Mach pf(4%) 244 Foster-Wheeler __ Francisco Suzar 2315 Freeport SulCo (1)- 47% Fuller Copr pf _ 31ta Fuller Co 2d of . 3% Gabriel Co (A).. 1114 Gamewell Co 15' Gar Wood Ind 815 Gen Am Inv a 421 Gen Am Trans'ta3._ 10% Gen Baking (160c). 7 Gen Bronze 33% Gen Foods (2) 7a Gen Gas & Elec (A) 8 Gen Mills (3) 123 116 Gen Milis pf (6) 77 537 Gen Motors (a435). 123% 118 Gen Motors pf (5).. 15% 5% Gen Outdoors Adv._. 18% Gen Outdoor Adv A. 3% Gen Pub Service 32'5 Gen Ry Signal (1).. 2 Gen Reaitv & Utl] __ 33Y% Gen Refrac (a3%) - 3214 Gen St) Caxting of 17 Gen Theatre E (a2). 13% Gillette Saf R (1) 70 Gillette S R pf (5). 6% Gimbel Bros 84 Gimbel Bros pf (6 3913 Glidden Co (2) - 52% Glidden cv pf(2%). 37 Gobel (Adolf) 6% Goebel Brew (t20¢. 13% Goodrich (BF) (al) 74 Goodrich(BF)pf(5) 3 21% Goodvear 'l & K 1057 100 Goody T&R cu pf 5. 116% 87 Goodyear $7 pf (4)-. 14% 8% Gotham Silk Hose . 4% 2 Graham-Paige 11% 1% Granby Cons (new) 6% 3% Grand Uunlon ctfs 25% 16 Grand Unpf (al's) 44 24'5 Greaite ity Sti (1) 524 28% Grant(W T)(11.40). 46% 32y Grt Northein pt « 16 Grt North'n Ore (1) 31 Grt Wt'n Sug 12.40_ 22 Green (H L)(11.60) 14% Greyhound (180¢) - 1% Guantanamo Sugar. 9% Gulf Moblle& N. _. 30% Gulf Mobile & N pf. 28% Gulf States Steel _. 33 Hack WpfA(1%). 6 Hall( WE)Printing. 14 Hamilton Watch 30% Harb-Walker (12)_. 12 Hat Corp of Am (A) 4% Hayes Bodv 99% Hazel Atlas Gl (16). 12% Hecker Prod (60c). 2515 Hercules Mot (1) _. 58% Hershey Choc (13) 304 Holland Fur (al%). 9 Holland&Sons *50c.. 19% Holly Sugar «¥2).__. 644 407 Homestake (112) 44% 39% Houd-Hersh(A)2%. 22% Houd-Her (B) t1%. 54% Household Fin (4) .. 65% House Fin pf(4.68) 6% Houston U11 vie 48% Howe Sound (13 3% Hudson & Manh 81 Hudson & Man pf.. 13% Hudson Motor Car. 58 lines (4) 434 [ndian Refin (a; 25% Indu Rayon (t 147 106 Ingersoll-Rand(13) 122 #8% InlandSteel (13)._— 244 6% Inspiration Copper_ T 5 InsShMdcfsazoc. 18% 10% Inter Rap T vte (d) 5% 2% Intercontl Rubber.. 18% 5% 2% lat Agricuitural .. 47% 22% Int Agricul pr pf._. 194 160 int Bus Mach (16)_ 105% 56% Int Harvester 2% _. 160 148% Int Harvester pf(7) 10% 2% Int Hydro Klec (A). 8 4% Int Mercantile Mar. 18% 10 snt] Mining (a80¢). 66% 43% Int Nickel (21.20) Sales— Add 00, 1 Net High. Low. Close. Chge. 45 45 45 -4 119% 119 119 — 3 68Y 67% 68 — la 11315 113% 113% + 1y T6% +1% 19% — W 4% + %+ % 14 39% + W 21 +1 17% — % 465 + W 106% — % 9 oo o8 mmSan o> 003 ts 8 " PEPYS-J8 AR II\fIIl [ | |+ P F o & S S P+ ++ 0+ [} 441 s = 2 ssssseses " 8 ol LA =3 I+++++++ E PEFIFEFES - 13 0 3 00 1 etk €0 01 30 1t 80 T 15 000 00 1 I B =k D 8 e 15 =) |+ & 3 366 366 —18% 41 +% 25% -1 67 -1% T6% 16% 69'% o 14% 20 2% 24% - 7 % % m 132 132 115% 114% 115 28% 2T% 27% —1% 5% + % 12% - % 6+ 8% 19% — % T — 14 55% — Y4 188 5% 19% 10 56% 65 188 188 107% 107 107% + % 2162 161 16n +2 164 154 14% 14% — 4 18 ™ T4 T 22 17% 16% 16% - % 41 64 63% 63% — % | 18113110 D.C, 2:15 p.m. Stock and Bales— awn. " Low Dividend Rate. 136 125% Int Nick(Can)pf(7) 23% 3% tnt Paver & Pw (A) 14% 2% Int Paper & Pw (B) 84 1% Int Paper & Pw (C) 98% 2015 Int Paper . Pwof_. 48% 37 Intl Print Ink (12)_ 112 107 int Print ink pf(6). Int Rv Cent Amer Intl Salt (11%)____ Int Shoe (12 Int Stiver .. Int Tel & Tel Intersta DS (b2%). Intertvpe Corp (1) Island Creek (21 1134 7 20 126 121% .| 133 75 Jones L 7% pfad% 50% Kalamazoo 5 (11) 26 Kans Citv Southern 4814 KansCS pf al) 36% 331 28% 2474 63% 24 46'3 T 7 Kayser J & Co (2) . Kelsev-H (A)all. Kelsev-H (B)all; . 4 Kennecott 'a1.70) Kevstone S&W blio Kimberly Clark(1) Kinnev G R) Co Kinnev(GR)pf(al). % Kresge Dem Strs § H) (1.60). Krozer G&B(11.60) Laclede Gas (St L) Laclede Gas £t L pt Lambert Co (2) _ Lee Rub&Tirehc) Leh Port Cmt (112 Lenigh 1or ¢ pf (4) Lehigh Valley Coal Lehigh Val Coal pf. Lehigh Valley R R Lehman Corp (13) _ Lehn & Tinkall . 37'% Lerner Stores (12)_ Libbey-Ow Gla3%. Libby. McN & L al_ Life Saver (11.60) .. Ligg & Myers (14) _ Ligg&Mvers B (14) Ligg&Myers pf (7). Lily Tulip Cup t1% Lima Locomotive _ Link Belt (t2) % Liquid Carb (2.60) .. Loew's Ine (12) _ Loft Inc Lone Star Cmt(12) - Long Beil Lum (A). Loose-Wiles (2) _. Lorillard (P) +1.20. Loriliard (P) pf(7) La O11 Ref pt «d) oulsv GEEDTA 1% Louis & Nash (a6) Ludlum Steel (1) MacAndrew&F (2 Me Cali Corp (12) ‘4 McCrorv Stores McCrory Strs pf(6) McGraw Elec (12) McGraw-Hill 123%e. Meintvre Poren (2) McKeesp't TP (14) _ Mchesson & Rob _ MciCess&Rob nf(3) MeLellan St (b7 Mack Trucks (=11 _. Macy (R H) (12) _. Madison Sa G 160¢ Magma Copper (a3) Manat: Sugar (d) . Manati Sug pf (4) Man El ma gtd (d)_ Man Elev gtd (d) __ Manhat Shirt (1) .. Maracaitbo 1l ExD Marine Midl'd t40c_ Market St Ry Market St Ry pf Market St Ry pr pt Marlin-Rock (12) Marshall Field & Co Martin Parry Masonite Corp (11). Mathieson Alk(1%) May Dept Str (13) . Maytag Co (a50¢) .. Maytag pf ww m.. Mead Corp s Mead Corp pf (6) Melville Shoe (15)_. Mengel Co Menge! Co pf Mengel Co pf ctfs _ Mesta Mach (b75e). Miami Copper Mid-Cont Pet al.16 Mid'ld Stl Prod (t2° Mid Sul Ist pt «8) 61a Minn Moline Pwr 57t Minn- \!ulmc r\tlaS) PR R = 17% 48% 218 Mission Corp(a4se) Mo hans & lexas Mo Kan & Tex pf A. Missouri Pacificid) Mo Pacifie pf (d) Mohawk Carp 11.20. Monsanto Chem t1. Montgom Ward(t2) 14 Mnt Wrd rts Jan 29 60'3 Morrisg kissex 28' Motor Prod « 15'« Motor Wheel (1 60) 11% Mullins Mt(B)as0e Mullins Mfg pf 7). Munsingwear (t3)_. Murphy G C (t2) __ Murray Corp (as0e) Nash Kelvinator(1) 205 Nashv Chai & St L Natl Acme (a75¢) .. Nat Aviation (al)-- t Biscult (1.60)_. Nat Biscult pf (1) Nat B'd & Inval.ll. 2114 Nat Cash Reg (al) 21 Nat Dairy Proal’. 107% Nat Dairy P pf A(7) Nat Dairy P pf B(7) Nat Dept Stores % Nat Dist Prod (12). Nat En & Stpg (2). Nat Lead (150¢) tl Mal'ble&St] a2. t PWr & Lt (60¢) Nat Ry Mex Ist pf_. 2 Nat iy Mex zd of Nat Steel (1233)_ Nat Supply Co Nat Tea (6Uc) . 1014 Natomas (t80c) 41 Newberry(JJ)12.40 110 104'3 Newb'ry (J J)mf(5) 40 9 Newp't Indusablc.. 32'3 N Y Alrbrake a2l _. 27% N Y Cenual R R . 17% N Y Chicago & St L. 36 NYChi&StLof . 3% N Y Dock . 10% N Y Dock pf 1 N Y Investors (d).. 3 NYNH&H ) 7% NY NH & H pf (d) 4 N YOntario & West 2'3 N Y Rys pf «d) - 943 N Y Shipbuilding .. 83 N Y Steam pf (6) 1' Norfolk Southn (d) 63 North Am Aviation 23% North Am Co (t1)_. 98 North Am Ed pf(6) 972 Northern Cent (4) .. 23% Northern Pacific . 50 Northwest Tel (3)_. 2 Norwalk Tire&Rub 19 Norwalk T& Rof.. 12% Ohto Oil (a6ve) .. 241 Oliver Farm Equip.. 17 Omnibus Corp vte.. 8 Oppenheim Collins. 24% Otis Elevator a75c... 20% 12% Ous Stees 164 128 Owen-111Gl (a6) ... 22 13 Pac Am Fish ('1).- 15 314 Pacific Coast 32% 8% Pacific Coast 1st. 29% 4% Pacific Coast 24 39% 30 Pacific Finan t1.80_ 41 30% Pac Gas & Elec (2)_ 44% Pac Lighting (3) ... 14% Pacific Mills (al1) .. 11% Pac West O (a65¢) -. 6% Packard Mot(a4sc) 12% Pan Am Petr (a60c) 1% Panhandle Pro & R lfl'/g Panhandle P&R of 4 Paraffine Co (t2) 'm Paramount Pict 59 ™ara Pic 1st pf (6).. 8% Param’t 2d pf a60c_. 2% Park Utah 40% Parke Davis Ill%) 23 Parker Rust Pt1y 4% Parmelee Transp't. 6% Pathe Film Corn 10% Patino Mines(160c). 1% Peeriess Motor - 60 Penick & Ford (t3). 69 Penney(J C) (a7%) 3% Penn Coal & Coke .. 4% Penn Dixie Cement. 28% Penn DixteCpf A _ 17 Penn Gl 8'd cfsab0o 28Y% Penma Rallroad(22) 2 v 3 112% 6% 10"- 27% 45 134 % 110% 9 Add 00. High. Low. Close. cnn Aigh, 58 134 -1 19% - % 13 6% - % 96% + % 43 9% + % 27% + % 4844 5% =1% 13% - % 32 + % 23% +1% 2T% — W 149 -5% 124' ~1% 126 45% + W 228 4% - % % % 414014001+ +1L01L1++10 TI444+ 44401+14+ T FETEF FIETIEE FE¥ Lo ] MONDAY, JANUARY 18, 1937. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:15p.m. Sales— Add 00 12 1 1936 Stock and ww. Dividend Rate. 38 Peoples GasChy .. 4 Peoria & Eastern.. 16 Pet Milk (11 12% Pet C'p of Am lBOc_ 10% Pfeifter Brew «1.20) 25% Phelps Dodgeal’ . 45' Phila Co 6% ot (3). 3% Phila Rap Tr «d) . 8% Phila Rap Tr pf (4) 1% Phila& Read C& I 66 Phillip Morris (3).. 7% Phillips Jones 38 Phillips Pet (a2% 5' Phoenix H 8 Plerce U1l pt 1% Plerce Petroleum 2844 Pllisbury Fl (1.60). 744 Pitts Coal 160 155 Pitts ¥t W&Ch (7). 187 176 Pitts FW&Cpf (7). 13'/; Ti4 Pitts Screw a52%c.. 231 Pittsburgh Steel C 49 Pitts Stees pf 10614 1% Pitts Term Coal 3% 2% Pitts United Corp. 5 58 Pitts United Cpf... 118 21 Pitts& W Va._ 334 114 Pittston Co 3 117 Plymouth Of1 ('l) - 12 Poor&Co(B) __ 4'4 Porto R Am Tob A_. 1% Porto R Am Tob B _. 6% Postal Tel&C pZ (d) 17'4 Pressed Steel Car . 173, Press Stl 1st pf 25¢. 57'4 Press Stl 2d pf 25 40% Proctor & Gam (12) ' 115% Proc & Gam of 16) 39 PubSve NJ (12.40). 103'4 Pub NJopt - 1134 Pub Sve NJ pf (6)_ 36% Pullman Ino (1%)-. 16 Pure U1l 914 Pure O11 6% pf_. 103 Pure O1] 8% pf 9% Purity Bak (+40¢) - 16% Quaker Sta Ref 80c. 9%, Kadlo Corp 683 Radio Corp pf A l* 5 Radio-Keith-Or (d) 11 R R Sec (1l Cent 287 Raybestos-M t1% .. 35'% Reading (2) 39 Reading 1stpf '2)_ 974 Real Silk Hostery ... 1% Reis (Robt) 12 Rellable Strs a5 17% Rem Rand (t60c) _ 81 RmRnd pf ww 4%, 4% Iteo Motor Car = 167 Revublic Steel 77 Repub Steel pfal2. 8% Kep St pr ot A (6). 10 Revere Copper 90 Revere C&Bpfally 92 RevereC& Bpf5% 2215 Reynolds Met «11) 25 Reynolds Spring t1. 50 Revnolde Tab K (%) 32 Roan Antel (a1.12). 74% Ruberoid Co (11) 5% Rutland RRof ___ 27 Safeway Stores(t2) 96 Safe Strs pf(5) 114 108 Safe Strs pt (6) 114'5 110'4 Safeway Strs pf (7) 50% 22 StJoseph Ld (al).. 1's St L-San Fran (4) .. 27 St L-San Fr pf (a)_ 37% Schenley Dist (+3)_ 93 Scuentey D pf (5%) 1% Schulte R Strs (4) _ T3 Schuite RS pf (d). 533 Scott Paper 7a Seaboard Alr L (d) 2 Seaboard A L pfi(d) 304 Seaboard O11 (1)_.. 313 Seagrave Corp 4 59% Sears Roebuck (t2) 15% Servel Inc (t1) . 20% Sharon Steel (11.20) 89 Sharon Stl H pf (5) 4% Sharpe & Dohme 43ta Sharp & D pf (3%) 11'x Shattuck F G(t50¢) 30% Sheaffer Pen (2) 14% Shell Un O11 (a25¢). 127'3 102 Shell UnOll f 6% 14'; 8% Silver King (60c) 4874 19% Simmons Co (a3)... 313 Simms Petrol - 1915 Skelly O11 55% T4 59 31 7314 18% 51ts 9 17% 3% .’( "h. ln; 1,5 408 190 112 16% 28 133% 20% 19% 14% 40». Smith (A O) Snider Packing "", Socony Vac Ofl a70¢ Solvay Am pf (53%) So Am G & P(a30c). South Port S (+2) _ So Cal Edis (11%) . 3 Southern Pacific Southern Rallway.. Sonthern Ry pf 34 So Ry M&O ctfs (4) 6% Spalding (A G) 63 SDIMinrlA'v)lll of 101'3 Spang C C pf (a16) 2 parks \\ithineion pear & Co (a50c) . Sperrv C'p vie (al) '« Spicer Mfg (a3) . Spiegel. Ine (b2ie) Spiegel Inc pt (613) 21% Square D (B)al . 14% Stand Brands 180c_ 915 Stand Com Tobacco 5'x Stand & El ). 9'; Stand G&B $4 pf (d) 243, Stand G&E $6 pf(d) 26% Stand G&E 87 ot (d) 2 Stand Inv Corp .__ 35 Stana Uof Cal (81). 32% Stand Otl of rnd t1_ 51 Stand Oll of NJ (11 65 Sterling Prod t3.80. 1614 Stew-Warner t50¢c 14% Stone & Web (a25¢) 944 Studebaker Corp 70 Sun Ofl (1) 27 Superheater (Va\)c). 3 Superior U1l = 9% Surerior Steel 23 Sutherlnd Pap +1.60 6% Sweets Coof Am . 20% Swift & Co (11.20) . 28Y% Swift Intl Ltd «2) 15 Symgton-Gould ww 12% Symingtn Gould xw ‘Talcott (J)(blbe) . 6% I'etautograph (60c) 58 Tennessee Copalic 287 Texas Corp'n (1) 4% Texas Gulf Pr (abe) 33 Tex Gulf Sul (12)__ 28 Texas& PecRR . 715 Tex Pac C & O a25e. 9% Texas PL T (allc). 8% The Fair _ 81 Thermotd Co 3'% Third Avenue o 8% Thomp'n (JR) t50c. 24% Thomp Prod (al%) 4% Thompson Starrett. 26 Thompson Star pf . 14% Tide W Asso O 60c. 108 3% 308 10215 13 | XOG‘& 100% Tide Wat A O pf(6) 27% Taly 184 27% 12% Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c 14% Trans&Wn Air a25c 10% Transue&W (160c). T Tricontinental a50c. 4% Truax-Tra C(a2sc) T4 Truscon Steel 2214 20th Cent Fox 1214 31% 20th Cent Fpf 1% 8% Twin ety RT. ... 2% Ulen & Co T4% Und-| -l‘llh(l!“) 381 Unton Bag&Pap (2) 11% Unlon Carb & C 3.20 28% 20% Union Ofl Calif (1). 149% 108% Union Pacific 16) 100 90% Union Pacific pf (4) 31% 22% Unton Tank C 1.20_. 32% 20% Unit Aircraft a50c.. 22 13 U4 Alr L (a20c) - 16% United Am Bosch ... 24% United Bisc 11.60) . 68 United Carbon (13). 22% Unit-Carr Fast(12). 5% United Corp (a20c). 40% Unitea Corp pt +3) 10% United Drug (a75c) 15 Unit Dyewood(1)... 4 United Elec Loa) 321 Unit Eng & Fy (12) 6613 United Fruit (13) . 19% 14% United Gas imp (1) 113% 109 United G Imp pf (5) 1315 6% United Paperboard . 5 2 U 8 Distributing 23% 10 U S Distributing pf 20 13 US& For'n Secur 100 91 US&ForSist(6). 394 24% U S Freight (11)_ 125% 20% 52 105% 18 25 801 U S Gypsum (12) 8% U 8 Hoftman 31% U 8 Indus Alcohol.. 4% U 8 Leather vtc 8 Leather A vt 59 9% 18% 10% 104 71 1 7 6! Leath pr pf(at) Pilve & Fy(1%) Realty & lmp S 63% 2! 8 8 8 Rubber 75 8 8 19% 49% 1 101 103% % % % s Rubber 1stpf - 19 Smelting (210) 3 (Continued on Page 15 o U u o u 1) [ 47 2% T l'h FINANCIAL. 545 5% 32 190 16% 27% 106 3% 4a 116‘ 110% 1114 s 17 175 5513 539 6% 190 167% + 4 110 High. Low Close. cnn =% 5% + 2% + % 18% + % 12% — % -1 | % +18' w s 2 erwsrsEs BRERAREE S XS % 13 SLUMP RECORDED BY AUTO STOCKS General Motors and Chrysler Decline About 3 Points. Trading Turns Dull. Stock Averages % JR LI Net change. 1= oy $1g Stks. Today. noon Prev. day... Month ago. Year ago__. '36-37 high. 1936-7 low i 405 406 363 315 435 302 31.2 539 537 50.1 46.4 54.0 434, 47 185 216 5 87 239 146915391843 157.7 516 953 618 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, .asociated Press Financial Writer, | NEW YORK, January 18 —Reac- tions and rallies intermingled in to- 1 | day’s stock market as fresh complica- 1, | tions developed in the General Motow 7 | strike. % | 1In dealings that frequently put the ,. | ticker tape behind, losses of fraction: to 2 points were posted in the fir hour. A recovery move then got unde % | Way when it was announced uniot | representatives were on their way « 2 | confer with motor officials. The list dipped sharply again nees +1% | the fourth period. with General Motor; o+ 100"y T++ 1+ ++4+ + 4+ - FLE POt 40+ (EER SR TR 5% %N R +1 T -1 + Pl ++4++004 1¢¢]) 1+ 4+ | 3 1+++++ EE FEEFIE OFE FE FIES (R o TR S N I T o T T I B T W !and Chrysler yielding about 3 point. Wi each, following announcement o | company and union heads that m s conference would be held. The afternoon relapse was excepy tionally active while it lasted, bu trading subsequently turned quiet Conspicuous losers, aside from th automobile issues. included Bethle hem, Youngstown Sheet & Tube. An: aconda, Kennecott, Cerro de Pasca Inspiration, American Smelting, U. S Smelting, Continental 0il, Texa Corp.. Du Pont. Westinghouse, Sants Fe, Southern Pacific, Northern Pa cific, Southern Railway and Crow: Cork. Some of the utilities, aircrafts anc specialties did better. Among thes were Standard Gas. American & For eign Power, American Water Works Boeing. United Aircraft, J. 1. Case Allied Stores, U. S. Rubber, Uniot Carbide, Loew's and® Libby, McNeil & Libby. Tranfers . shares. were around 3,000,00 NEW YORK COTTON BY the Associatec Press. NEW YORK. January 18—Earl losses of 5 to 8 points in cotton toda under liquidation and foreign sellin were partly recovered by midafter noon on moderate trade price-fixing May advanced from 12.29 to 12.3 and sold at 12.33 at the beginning o the last hour, when prices generall were 1 to 3 points net lower in quie trading. ew Orlean NEW ORLEAI\S January 18 (P —Cot ton opened i to 5 points lower on New Orleans market today with volume of business limited Liverpool reported oniv scattered spec ulative “support. Bombay sold in Erglish market and prolessionals er the sales of loan cotto rices. her at 1181 Commission houses were still hullish Cottonseed oii futures opened steady January. 11.03b: March. 11.07b: Ma! 11,170, Juis” 11.15b: September. 11.201 Livernool Quotations. _ LIVERPOOL January 1% 7.000 hales. American nil demand: prices § pomnts lowes s closed very mum March. tover. 6 mc»mmr A4 CHICAGO GRAIN By the Associated Press CHICAGO. January 18 —Subzer temperatures in the domestic Sprin: wheat belt which were expected t | move into Winter crop territory le to late rallies of wheat values today Decreasing supplies of Unite 10 States wheat helped check sellin | operations. The United States visi | ble stock of wheat the past week wa | reduced 2.370.000 bushels, bringin 13 | the total down to 52,531,000, agains 66,604.000 a year ago. At the close wheat was unchange: to * higher, compared with Satur day's finish, May, 1.32%-7¢; July 1.1534-%. Com. %=-1'. up, May, new 1.12-1.12%g July, new, 107‘.- i Oats, Ynchanged to 'y advance, am provisions unchanged to 15 cent %! W 1 Chicago Cash Market. Cash wheat, No. 2, mixed, 1.371 | comn, No. 3, mixed, 1.131;-1;; No. & yellow, 1.13-14; No. 4, yellow, 1.09'2> 12 No. 4, white, 1.14; oats, No. 1 mixed, 56';: No. 3, mixed, 55; No. 1 white, 57!,-5815; cereal, 5614: No. 2 white, 36; No. 3, white, 55-55'y cereal, 55; soy beans, No. 2. yefew 161';: barley, actual sales, 84: feed 80-1.00 nominal; malting, 1.00-4 nominal; timothy seed, 6.00-25; new 5.75-6.00 cwt.; clover seed, 2650 | 33.50 ewt. Baltimore Quotatios BALTIMORE, January 18 (9.—Whes! No. 2 red Winter. garlicky, spot domestit TAS: Jsnuaor UAG BALDLIN GETS ORDER. NEW YORK, January 18 (@)= Baldwin Lecomotive Works today an nounced the sale to the New Orlean Public Belt Railroad of three Diesel electric locomotives. which will b used for general switching and trans fer service on the road as well as fo handling freight and passenger train acress the Mississippi Bridge abow New Orleans. = FREIGHT LOADINGS. NEW YORK. January 1% P .—Revenu freight carloadings on railroads rerég today for week ended January 18 incly 16. Py. Last Baitimore & Ohio 69 1(1 48, 007 41 01! A