Evening Star Newspaper, January 18, 1937, Page 15

F INANCIAL THE EVENING STAR, WASHINGTON, D. C., MONDAY, JANUARY 18, 1937 FINANCIAL. : 3 5 - A 5 *xxk A_—15 NEW YORK CURB MARKET Bypflnu-lulmunelhl CURB LIST MOVES TOLONERLEVELS All Sections Join Decline of Fractions to More Than Two Points. '8y the Associated Press. NEW YORK, January 18.—Echoes of the breakdown in the General Mo- tors strike negotiations reached the curb market today and virtually all departments sold off from fractions to more than 2 points. Metal shares were weak, with both , Aluminum Co. of America and New- mont down by around 3 points. Great Atlantic & Pacific lost more than 2. Others lower by a point or more in- cluded Sherwin Williams, Pan-Amer- ican Airways and Gulf Oil. Some utilities resisted, with gains of fractions to around a point. They included Commonwealth Edison, United Light & Power “A” and American Super Power. Babcock & Wilcox was up 7 points on light » Volume. Federal fieficit Advances Above Billion and Half Br the Ascociated Press. The Government's deficit for this fiscal vear crossed the $1,500,000,000 mark on January 15. The Treasury reported today that with receipts of $2.321,732,756 and ex- - penditures of $3.826,214,903 since July 1. the deficit stood at $1,504,482.147. * This compared with a $1,986,266,029 | deficit for the corresponding period Jast year. LARGE GAIN .REPORTED BY UNITED STOCK YARDS Bpecial Dispatcn to The Star, NEW YORK, January earnings for the year 1936 applicable | to the common stock of the .United | Stockyards Corp. are estimated by W. K. Wright, president, at better than 80 cents a share on the 308,000 | shares outstanding. | The 1936 net income of the under- .lt_v.ng operating companies applicable 0 was in excess of $465.000, after all charges, including interest, income tax and surtax, Mr. Wright said. ' This would compare with actual net of $251,509 on the same basis for the year 1935, and with an average for the three years 1933, 1934 and 1935 of $463,080. CURB BONDS Ala Power 4135 ' Ala Power “5¢ Am G & E 5 107 * 10628 10634 10534 10634 104 7104 104 ]“1’-11]4’- 1043 1043 e 8 110! 78 R IR Huunm, )a 8 P&L &g P&L 3t Comw Ex 18 —Net | the United Stockyards holdings | Federal | 230 Stock and Sales— Dividend Rate. Add 00. Acme W vtc (2) .- 6008 Aero Supply (B).. 9 Ainsworth (al) ... Air [nvestors Inc.. Afr Inv Inc war._. Air Investcvpf__ 3 Ala Grt Sou (t3)_. 50s Ala Pwrpf (6) _ 10» Alabam Pw pt (7) 100r Allen Indus (t1).. 1 Alles Fisher.___.. 1 Alumn of Am 113, 4000164 Alum Good sa%0c. Alum’'n Lid Am Afrlis Am Beverage Am Capital (B) __. Am Cit P&L (A) 3 Am CP&L ww2¥ . Am CitP&L B a20c Am Cynam B t60c Am Egit (a22%c). Am & For Pw ww. Am G&E (1.40) .. Am G&E pf (6) .__ 26 Am Gen C'p (a50¢c) 23 Am Hard Rub(al)300s Am Lau Mch t60c. 1 AmL&T (11.20). 17 Am Maracaibo __. 317 Am Meter (a2%). 2 Am Pneu Service . 8 Am Pot & Ch a23, 1508 Am Superpower__ 156 Am Superpwrpf_. 4 Anchor Post F* 2 Angostura (120 2 Apex Electric(al) 4 Arcturus Radlo T. 20 -- 2608 100 Ino.. Ark Nat G cu pt Ark Nat Gas (A).. 192 Art Metal W t60c. 3 Ashland O&R t40c 12 AssoGas& Elec.. 4 ASSOG&E (A)._. 104 AsscG&ESSof_. 5 Assoc Invest (12) 2008 Atl Coast Fisher.. 2 Atlas Corp (80c)_. 12 AtlasCorpwar _ 9 Atlas Crp pf A(3). 1 Atlas Plyw'd(11:) 26 Austin Silver . Auto Products Auto Vot Mch 50c. Barium Stain St 15 Bell Afreraft_ Bellanca Alrcraft Berkey&Gay F Co Berk&GF pur war Bickfords pf(21) | BlissCo (E W).__ Blue Ridge C al0c Blue Ridge cv pf 3 | Blumenthal 8.___ Bohack (HC) ___ 28 Bohack HC 1st pf. 1108 Borne-Scry all; _ 10s Bower Roll B (2). 10 | Bowman-Biltmore 1 Bowmn-Bilt 1st pt 60« Bowmn-Bilt 2d pf. 1 Brazil TL&P 40c.. 2 Bridgep't Mchal. 10 Brl Corp (A) 3 Brill Corp (B).. 1 | Brill Corp pf ____150s Brillo Mfg (60¢)_. 1 | Brillo Mfg A (2) __ 50s Br-Am O cou 180c. 1 Br-Am TBa%!sc 4 Brown Copf __._ 2508 Brown F & Walse 8 Brown Forman._.. 9 Buckeye PL (4)_. 608 Buff N&E pf 1.60_ 2 Bunker H&S (12) 300s Cable El Prod vte. 6 Cable & Wire(A).. Cable & Wire(B) Can Marcont Carib Syndica | Carrier Corp Carter (J W) 160c. Casco Products __ Catlin Corp (a40c) Celluloid Corp ... Cent Ohio Stlal.1( Cen P&L pf 3.06% 258 Cent &S W Utll._ 68 Cent States Elec.. 52 Cent St Elcv pf 258 Cent St E16% pf. 525s Centrif Pipe t40c. & CharisCorp(13). 2 Chi Flex Shaft +2_ Chi Riv&M (t13) 1 Cities Service.___ 222 Citles Servicepf_. 11 'I’ 6 21 20 ] 9 % 8% Babcox & Wil (4).1100s156 5 Ba'n L7%1stpfa? 20s 108 6)5 Bell Tell Pa pf 834 !Ul 1"14 1204 12!“ 2 13 1% i 34 2% 1600 8634 m-h.mv Close. | ¥ord (Can) A (1)- 3% 52 % | Gen Pub S pfall 14 4% 4% 160 160 Alum Am pf all3;200s 115% I)B!{ 184 2 17% Alum’n Ind (40c). 200s 103§ 1734 10 8% 293 3% 13 40% 63 7% 173 10 149% 154 a4 % 95 - 13 15 106 18 2% 25 31 63 2144 197 7 2% 5434 1044 30 2834 321 112 1% jih 3 205 21 31 1024 3614 9% L “wLun‘anfAln Stork ana Dividend Rate. Afld 00. Ford Ltdal81-100 6 36 Ford (France) . 2 Froedt't v pf l 20 lln- Gen Alloys ._._. 39 Gen Firepr'f t40c. 38 Gen Invest Corp 14 Gen Out Ad pf a12. B0e .- 2 Gen Rayvon Ltd A Georgls Pw pt (6) 1008 GiIb't(AC)a62%ec. 2 Gilbert(AC)pf 3% 108 Glen AldenC (11) 7 Godchaux (A) al.100s Godchausz Sug(B) 38 Goldfield Consol 7 Gorham Mf vte 1 Graod Natl Films Gr Rap Var(t60c) Gray Tel PS (1) .. Grt AGPTn v 16. Greenfleld T& D._. Groc Store Prod . Guardian Invest. Gulf Oil Pa new_. Hall Lamp (80c) Haloid Co (t1) Hartman Toba vard Brow-r)'. Corp (B) Hecla Min Helena Rubenst Mollinger G 'sse_. Holophane (a90c) Horn & Hardart 12300s Hudson BM&S (1) 17 Humble Of1 (1) . 4 Huyler's(Del)(d). & Hygrade Food 7 IMP&LE% pf___100s i1l Pwr & Lt §6 pf 760s Imp Ol Ltd tsvc 8 Imp Oil reg (150c) Imp Tob Can t3jc. Ind'n Ter 111 O(A) Ind'n Ter I11 O(B) Indiana PL (t40c) Indiana Sve 6 %pt. lo- Indus Fin vte ___. Indus Fin 7% 4 103 2 8 40» 1 2 3 1 3 Intl Cigar M 12 Intl Hold&Inv Ltd Intl Hy Bl S cv pf. Int] Petr (t1%)_.. Intl Products..... Intl Util (A) Intl Util (B) 28 lll(l\“amln(fiflt) 4 Interst Ho M 12% 2 Interst P(Del)pt. 2100 Iron Firemen(t1). 80s Irving AIrCh (1). 1 ita) Superpwr(A). 1 Jacobs(FL)Co(1). 10 Jeanette G (80c) - Jer Cent P&L pt 7 E & Naum . &Lauzh Stl. KanCity PSpf A Kans GRE pf (7) | Ken RT&L A alse ! Kingsbury Brew | Kingston Prod 40¢c | Kirby Petr (20c) Kleinert Co(f40c) Knott Corp (a40c) | Kress(SH) pf 60c. Kreuger Brew 11_ Kreuger (G) rts. Lake Sh M (t4) | Lakey Fy & Mach. Lefcourt Realty _ | Lefcourt pf(a75c) | Leh Coal &N 30c.. Leonard Ofl Lion Ofl Ref (1) Locke Stl Ch t80c_ Lockheed Aircraft Lone Star G aé0c- Long Island Ltg .. an 3 s crmnERNNT - e oo 3 108 | Long Is1 Lt pf B 6 1768 | La Land (40¢) ___ Lucky T (t12¢) Lynch Corp (12)_. McCord Rad (B) .. McWilllams D (12 Majestic Ra&Tel . Mangel Stores Marconi(a26 3-3¢) | Margay Oilas0c_. Marion Steam 8h_ Massey Harris .__. Mem Nat G(as0c Mercantile Strs b3 Merch&Mf A a30c Merritt Chap & S Merritt Chap wa Mesabi Iron Metal Texile (40¢) High. Low. Close. g 1% % x'lu ADVANGE SCORED i BY ADVERTISING - Week’s Volume Is 8.5 Per Cent Larger Than in Same 1936 Period. Srecial Dispatch to The Star. CHICAGO, January 18.—A 8.5 per cent increase in the volume of dis- play advertising placed in newspapers by retailers during the week ended January 9, 1937, compared with the same week of 1936, is reported today by Advertising Age, national adver- tising newspaper. Basing its figures on reports cover- ing all of the newspapers in 71 major cities, Advertising Age says that re- tail advertising in those cities totaled 16,210,708 lines for the week, a gain of 1,275,546 lines over the 1936 total of 14,935,162 lines. For the first two weeks of 1937, re- tail advertising in these cities is 1.8 per cent ahead of the same period of last year, the publication says. This year's total is 26,385,842, compared with 25,916,730 during the correspond= ing period of 1936. This is an actual increase of 469,112 lines. DIVIDENDS ANNOUNCED YORK, January 18.—Dividends Increased. Pe- Stk of Pay- Rate. riod. record. able. A. Hollander & Son..25c @ 1-29 2-15 Resumed. Cen Nat Corp $3 “A".75¢ __ Reguia: Hussman Ligonier Morigage Bk of Col Ame rs NEW. declared; Serv lnc 70 cum pf- Serv Inc 7 cum pi 2:30 Btock and Blll Dividend Rate. Add 00. Hish. Low. Close. Premier Gold 1120 3 4% 4% 4% ProducersCorp... 19 4 % s Propper-McCd). 4 4% 4 Prosperity Ball%. 1 184 Prudential InaSte 1 13% PubS8veoind pf.__ 20s 36 Pub 8vc Ind pr pf. 30s 673§ Pub Ut Sec pr pf 1008 43§ Pug Sd P&L $6 pf_375s 58% Quaker Oats (14) 7T0s 1243 124 Quebec Power (1) 150s 23 23 Ry & Lt Secal.55 2008 26§ 26 Rainbow Lum (A) 6 Rainbow Lum (B) 2 bl 184 | Raymond Con 2501508 Raytheon Mfg vte led Bank Reed R B Reiter-Foster _.. Reybarn Co a25c. Reynolds Invest.. Rice Stix DG bs0c. Richm’'d Radiator. Root Petrolm(1).. Rossia Intl Corp ... Russeks F A (11). Rustless Ir&Stl__. Ryan Consolid’d._ Ryerson & Haynes Safety Ch&L (14). St Anthony Gold .. St Lawrence Corp. St Regis Paper._ . St Regis Paper pf. 15 18 Savoy Oil . a4 Segal Lock & H 4 3% Seiberling Rubber 11 il§ 7% Selected indus 4 274 Selindallcfsby% 50s ¥9 99 9 9 %% E3 blg 2034 1934 188% 1343 NuBesMNHRN S B 116} 1184 E ‘s 10l 104 10% 10% 19 Seversky Alrcraft 19 Shattuck Den Min 83 Sherwin-Will (4) 200s Shrev-El Dor P&L 6 Smith Cor vexttl 7 Sonotone C (ale) 25 SoCal Ed ptpf 1% 108 SoCalEdpfB1yj 1 % | Sou Royalty t40c_ | Spanish&Gen rcts. South'nColoPA.. 2 4 2 Spen Chain St 60c 1 9% ‘W: 4| Live NE (Continued From Page 2:18 8tock and Bales— Dividend Rate. 'll% 68% U S Smelting pf3% 79% 46% U 8 Steel coee 154% 115% U 8 Steel pf (7). 144 131 US Tobacco (15)_.. 168 160 U S Tobacco pf (7). Utd St Yd (al12%c). 5 United Stores (A) .. 57% Univ Leaf Tob (13) 50 Univ Plotistpf ._. 7 3K Util Pw & Lt A (d)- 2% 1 Vadsco Sales Corp. 30% 16% Vanadium Corp .. 49% 28% Van Raalte (83%)- 116 110% Van Ral 1st pf (7).. 48% 40 Vick Chem (13).... 8% 4 Va-CarChemieal... 58% 28% Va-Car Chem 6% vt 13% 4 Valron Coal&Coke. 41% 14 ValronC&Cof _. 86 70 Vulcan Detin (a8)_. 137% 120 Vulcan Detin pf(7). 2% Wabasb (4) prA(d) .. 9% Waldorf Sys 11.20.. Walgreen Co (32)... ker (H) (2).. 17% Walker (H) pf @ 5% Walworth Co. ... 8% 92 115 1 Warner-Quin @ 4% Warren Bros._ ... 614 Webster Eisenlohr. 33% Wesson O&8(160c). 91% West Pa Elec A (7) Pa Elec pf () lec pf (7) FIDELITY FUND SHOWS HIGHER ASSET VALUE Special Dispatch tc The Star. NEW YORK, January 18—Fidelity Fund, Inc., reports for the year ended December 31 net asset value of $28.61 per share. This compares with $24.43 per share as of December 31, 1935, and is, after the payment of $3.80 per share in dividends during the year, giving effect in both cases to the 100 per cent stock dividend paid in February, 1936. On December 31, 1936, securities with a book value of $3,000,812 had a market value of $3.910,150, giving an unrealized appreciation of $909,338. Cash and accrued items receivable totaled $631,702 at the year end. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, January 18— Potatoes, old, per 100 pounds, 1.50a 2.75; sweet potatoes, bushel, 35a1.00; nearby, bushel, 50a75; yams, bushel, 40a90; beans, bushel, 1.00a2.35; beets, half crate, 75a1.25; broccoli. crate, 1.50a2.25; Brussel sprouts, half drum, | 1.50a2.50; cabbage, new, pointed type, 5021.00; old, Danish, 50-pound sack, | 50a60; carrots, crate, 3.2583.50; bushel, 1.00a1.10; cauliflower, crate, 1.75a2.00; | celery, crate, 2.25a3.25; kale, bushel, 25a35; nearby, bushel, 20a25; lettuce, Iceberg, crate, 3.00a3.25; big Boston, crate, 1.00; mushrooms, four-quart basket, 60a75; onions, 50-pound sack, 60a1.05; peas, bushel, 2.50a3.50; pep- [pers, crate, 1.00a2.00; bushel, 75a80; rhubarb, carton, 50a60; spinach, bushel, 30a90; nearby, bushel, 25a50; turnips, nearby, blue tops, half bushel, 20a30; yellows, per 100 pounds, 50a 60; apples, bushel, 6521.75; grapefruit, box, 1.50a2.25; oranges, box, 2.25a3.00; strawberries, pint, 10al4; tangerines, box, 50a1.25. Dairy Markets. poultry — Chickens, 17a20; mixed colors, Rocks, | pound, 17a20; 14 | fowl, Rocks, 18a19; mixed colors, 178 18; Leghorns, 14al6: roosters, 10a12; ducks, 12a16; geese, 10al7; guineas, each, 25a40. capons, | turkeys, 12a22. el Eggs—Current receipts, dozen, 24; large, 25; medium, 24; receipts, | \ whites, 1,923 cases. 400 00. Bigh. 5% 85% 1“% 308 106% 14) an 124 4 9% 964 507% 153% Net 6% 5% 83% 84w — % 144% 144% + % 132 132 168 168 + % 84 + W % - % 2% 31% — % 43'5 +3% 114 46% — % 8% — 4 59 —1% 1% — % 31% — % 71 -1% 119% 119% 3% 3% -—% 10% 104 — 165 + % 38% - % 48 19% 15% +1 % 106% — % | reor: 124% 116% West Pa Pwr pt (7) 1!0 123% W Dividend rates as given in bove Lable a; nus) cean Dayments basen oL th nmt auarterly or nul.f-u-m deciarations. s Unit of trading 0 including extres 3 o Paid iast nize 238 Low. Stock and Dividend Rate. 108 122 5 9% 4 3 2 8 12 80% 12 50% 14 154% 20s 160 8 28% 2 24% 3 34 100s 90 100s 114 25 42% 1 105% 22 122 8% Western Maryland. 1% Western Pacific._ .. 51 Western Pacific pf 72% West'n Un Tel b75c 34% Westinghse A B (1) 94% Westh'ge Bl (a5% ). hse E 18t 13%.- 22% West'n El Inst ase 19% Westvaco Chlor (1) 31% Westvaco 6%pf 1% 34 Wheel & Lake Erie. 99 Wheel & LEof 6% - 21% Wheeling Steel . 84 Wheeling Stl pf(a6) 18% White Motor 13% White Rk M 8(1.40) 3% White Sewing Mch. 16 White Sew Mch pf_. 2% Wileox Ol & Gas__. 6% Wilson & Co (50c) .. 70 Wilson & Co pf = 44% Woolworth (3.40) . 23% Worthington Pump 56 Worth Pump pt A_. 720s 47 Worth PumppfB.. 3 33% Yale & Towne 160c_ 8% Yellow Tr & Coach . 831 Yellow Tr&C pfa3s 42Y% Young Spr&W (13). 41% Youngs'tn Sheet&T 21% Zenith Radlo (b50c) 6% Zonite Products ... 27% 2 120 28% 208 136% 7 35 8% - 680.000 - 1.890,000 i the a 12:00 Nooa. .. 2: 00?“. han 100 shares. uiated dividends. vear 4. TEx vt W YORK STOCK EXCHANGE Net Mfl 00. High. Low. Close. Chge. 122 + w 9% — % 2% - % T - W 80% +1% 50% — % 15 4 =18 160 +1 28% + W 24% - % 33% — % 920 7% —2% | 354 — M| +1 = - % o —1% -3 8% — % Approximate Sales of Stocks on the N. Y. Stock Exchange. 1.330.000 2 210,000 re ¢he an. Annual cate—not chis vear. A ® Fai @ ompanies reported in receivership or being | hamper, 25a90; round type, half crate, ! pound, 22a25; THE WEATHER District of Columbia—Occasional rain this afternoon and probably to- night; colder tonight; tomorrow fair and colder, lowest temperature tonight about 36 degrees; moderate winds, mostly northwest. Maryland and Virginia—Occasional rain this afternoon and probabiy to- night, changing to snow flurrles in extreme west portion; colder tonight; tomorrow generally fair and colder. West Virginia—Mostly cloudy and much colder; probably light rain in flurries tonight; colder. tomorrow fair and River Report. Potomac and Shenandoah Rivers slightly muddy today. Report for Last 24 Tempera Yesterday— Dei 4 p.m Record for Last 24 Hours. (Prom noon yesterday to noon today.) Highest, 58, at 8:45 s.m. today. Year 36, at noon yesterday. Year Record Temperatures This Year. Highest. 76, on January 9, 3 on January 5. ity for Last 21 (Prom noon yesterday to noon today.) Highest, 97 per cent, at 10 p.m. yester- *Lowest. 88 per cent. at 9:45 a m. today. Tide Tables. (Purnished by vrlmofl‘usmu Coast and ay. Sun, Sun’ Moon, today 0’ Automobile lights mu: one-half hour after sunset. Precipitation. Monthly precipitation in inches in the Capital (current month to date): Month. 1937. January 391 February today = tomorrow_ A == 54 November | December extreme east portion, changing to snow | C. Washington Exchange SALES. Real Estate Mtge. & Guar. pfd.—100 at 6. AFTER CALL. Capital Transit Co.—10 at 15, 10 at 15, 10 at 15, 10 at 15, 10 at 15. Security Storage Co.—8 at 120. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 416 Anacostia ‘& Pot. AR o ahay Bt . & P Tel. of Va. 5 Capital Trlctlon R, City & Buburban_5s. g!numvn Gas m M. bigs- Wash. Wash. Gas bi IQR(L Wash. Rwy. & Elec MIEC!‘LLAN'OUS COI Coun!l” Club 8! - OGE sioraee B STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) 183% Govital, Transit Co. 15 Steamboat (gh) 1 Bot Bl Pow 8% pfd. (8 nm Po. El. s of. 1 Asked 223058 - TETEEY SRS o 3 22 35 Wash. Ry & ElL com Wash. Ry. & Elec. pfd. (5) BANK AND TRUST COMPANIES, Rigs: ) 1 Rlln Md Washineton Wash. Loan & Tr. FIRE INSURANCE S8TOCKS. American (6) _ gorcoran (5) 5 1.60) 1N-tmm *Onion (. TITLE INBURANCI STOCKS. ‘olymbia _ (.30) al Estate | garsel Corp (2.00) ... Lanston Monotype (4) = Mornnth-ler Linotype (§)_ Peoples Drug 8 com. (1.00) Peoles Drue 8. ofd. (8 5:\» 1 Est. M&G. 70 ucurlu Storae 45 .—;r sz —Plus extr: §—50c_paid May 15. 1936. B0c paid Augun 15, 1936. 50c paid November 18. ? | Loutsville & Nach. JUMP PREDICTED INT537 BUILDING Total to Equal or Exceed Pre-Depression Booms, Contractors Told, By the Associated Press. CHICAGO. January 18.—Louis Brookman, jr., of Chicago, predicted |at the first national conference of concrete contractors today that 1937 | building activity would duplicate or surpass the building booms of pre-de- pression years. “Talks and conferences with build- mg contractors, cement manufactur- wers and others in the building field,” “ | he said, “convince me that 1937 will be one of the biggest building years ir the history of the country.” OIL LEASE ACQUIRED BY FREEPORT SULPHUR | By the Associated Press. NEW YORK, January 18.—Lang- bourne M. Williams, jr., president of Freeport Sulphur Co., today an- nounced signing of a lease on prop- erty from Stanolind Oil & Gas Co., of Tulsa, Okla. ‘The property, known as the Hock- ley Dome, is in Harris County, Tex. Although terms of the lease were |not disclosed, Williams said, “the ;mmpany is alwaws desirous of ob- taining new reserves where produc- tion may be undertaken at lower cost.” Drilling operations will start |in less than 60 days, he said. The lease covers the entire Dome area of about 1,800 acres. CRUDE OIL PRICES. TULSA. Okia.. 7 4p.—Bas crude oil prices: J.né; én( ‘l’;’ll lo,Kt Lahoma Kansa, scale. 86 cents 1o 5 Y 117: Norih Gentral Texas 4 cents to $1.08: East T!X N Tisie odexts,, Germian Bastn), Arancat by ccalel 7B Semiagn aln’Shea: Sale Crecs. lrn!\n!y scate. Fapcc‘nfi T Astern area 'ennsylvan: - ford Allesnany). 8557 same vads | Southwest, Penndylvasia nes” s i Corning. $15%5, j fr:l%!urlli’eyiurfin:&hg?l” FEDERAL LAND BANKS L!:flz‘;lgg%{l‘ dJanuIIY 18 (®.—Federal (Noon quotations.) SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) ked. Am. Tel. & Tel. 5'3s 194 Evsin Atlantic' Refining 35 193 California Packing »s 18407 10412 Garo. Clintd. & O, s 1938 hes.' & Ohic Ry b5s 1938 Befwas earon 5izs 1837 Duluth & Ir. Range 5s 1937 Edison El. llium. 4s Gen. Pub. Service 5'2s 1939 Gr. Rapids & Ind. 413s 1941 Houston Oil 5ias 1940 Intl. Tel & Tel 4z5 1939 83 Lignt Bs 1939 West. 55 1941 Lehign \lL\!y Coal fis 1938 Long I<and Gen. 45 1938 5, Michigan Cent N. Y. ey w New "York Dock 33 1338 | Y- Busa. & West, | R R of Mo. 4s . ‘P!nn-mxu C!’nen' m un Penna. R s 19 | Rio Gr. \hnln"x 15 19 ('u Sou Bell' T & T 3s 10410 | Sou. Pac. of Calif 5s 1¢ Vanad'am Corp. 5s 1941 Wabash Rwy Co. 55 1939__ Warner Broe, 63 1536 et N ¥ & Pa 4- 1943 esterh Uoton s 1938 FOREIGN EXCHAN GES. NEW YORK. January 18 (P .—Fore! exchange steady. Great Britain in dolla others in rents Beitain. de; 491/ cables. 60-day bills. 4.90 Weather lll Various Cltln. R T falh wnm ¥ Stand Invcum pf 100s Stand Oil Ky (11). 10 | Stand Ol Ohto t1. 7 Stand Oil Oh pf 5. 50s |Stand Pwr& Lt .. 64 Stand Prod (a25¢c) 3 Stand S11&Ld (4c) 18 Stand StlSpa2ly. 2 6314 | Butter—Prints, pound, 37: good to 20 | fancy, creamery, 34a35; packing stock, “‘w 19a20; good rolls, 22; receipts, 34 tubs. | 64 Seafood Market. 22% ’ Catfish, rough, pound, 6a8; dressed, e -‘10312 carp, 5a6: eels, 5a10; haddock, | Ba - . 34%, | 8a10; Spanish mackerel, 10a12; pan| g!:g‘.'::i""‘ tarrett Corp vic. 4 X4 k, 15a18; white | Boston. M rock. 12a15; large roc! b b s 1a33 | perch, 10a13; yellow perch, 12a15: pan Citles Svepf B __. Cit Sve P&L $6 pf. 5 | City Auto S(t60c) Claude Neon Lts . Clev EIl lum(t2). Clev Tractor Club Aluminum Cockshutt Plow. Colon Dev Ltd Colon Dev Ltd A . Colo Fuel&Ir war Colts P F A (1133) Colum G&E pf(5) 600s Columb O& G a20c &6 54 | Metro Edis pf (6) Mex-Ohfo Ol ___ Mich Bumper C___ Mich Gas & Ol _ | Mich Steel Ta1.09 Mich Sugar Mich Sugar pf _ Mid Sta Pet (A) Pet (B) | Mid-W Abrasaloc { Mid Ofl er pf a1ty | M1d1'd Stl Prod(2) 1 | Midvale Co (a5) Mining Co (Can) nce _demand. 46 bles ' 4674 Italy. detnand. 52 Cables: 5 2ars. Demumlk!elmu “Germany, free 40 25: registered. 19.00: travel Holland, "84 76 Norway. =4 14 | 25.32: Denms 93: Pinland, | Switzeriand ‘Spain unguoted Portugal: 4 4%, Greece B01s Poara, 1R.98; Caechosiovakia & fi4is: Yugosiavia 4: ' Austria Hungagy. 19.80% 12 Brazil 1936. June 30, 1036: 45c pald Stations. 36. | Abilene. Tex NY. 363 5% 10435 1043 104 INCREASE IS REVEALED IN TIRE SHIPMENTS By the Assoclated Press. NEW YORK, January 18. 4Smp— ments of pneumatic casings during | November, according to the Rubber | Manufacturers’ Association, are esti- | Gen W W&AE Georgia Pw Hall (WF) 6 X Cloudy 1083 1043 3 Rain an13 0013 ams | 0 - 8 TR LS T U DT ng Momirent'in Neg in Montreel. 100.( o g I P e o Sterchi Bros 2d a1150s 2 arieston Sterling Ine e) 12 5 4 | trout, 10a12 ; large, 12a15; bluefish, 10' ‘sla flounders 8210: shrimp, 10al5; E}\Fl‘x:lexr,?: S Chicago. 11l Cincinnati Stetson(JB)b50c_.150s Stinnes(Hugo)d_. 1 4 | porgies, box, 2.50a3.50; croakers, box, \D,m., 258 24 = METAL MARKET. Intl Securities Interst Pw 5 Interst Pw Fub' 8 ¢ sdiaia doais ) Kentucky U5, 9830 gnie 55,60 Lenigh 8 s 20 s 745 9 9813 90 100 10013 100% 108" 106 * 106 P P 108" 108 'mn > & l 2% 1 .mw 0ita B9y xl‘; ROly ]nf”. 1081 14!1;! 10355 10118, ln;‘ 1007 10015 10015 10834 10435 10435 | 1033 101335 10:3%5 = 1007 100, 100 1015 101 Tenn Pub 8 55 “Texas Elec 58 "0 Toiedo Edi: Twin C RT 528 . st 4734 e 10614 101 BRI Gas Lt West o5t 5 Wis P&L 4s _FOi Cubm Te Tlas 41 A__ Din R M B 55 61 st er con Mun fls ‘4: HamE« URS 55 lnover Olt! s = sarco Hyd El'7e 74 Ttal Su Pw 65 '63 A Aot M!ndfll P 45 "H !!B N‘/¢ [t 71 T. S TREASURY POSITION. By the Associated Press. st ' Ty P et % iy, 0 1‘ W e 20n081. 580 08 year _(since T the flull ReCEIPIS 100 e cRochl Jear g (hince fl "11 003.25 llnelumn( $1.534.465.- 1ot emergency expenditures): exceds 51‘505 482,147 8! BLAL S ‘decrense of previous §52 AR (Inclu 1d). n Ya Y t El 8ve 7s 50 A MONEY MARKET. YORK, January 18 (#.—Oall money steady. 1 per cent all day: prime commercial paper. per cent: time loans days-6 months. 1% per cent per cent. NEW YORK BAR SILVER. ross | Emp G&F 6% pf.. Co'wlith Dist al0c. Comwlth Edis t4 Com'with & S war { Com'u’ty P&L 1st. Community WS _ Compo 8 M ste 1. ComSM stc vto t1. Cons Afrcraft____ Consol Biscuit 60c Consol Copper. _. Cons Min&Sm t2_ Cons Royal (20c) . Cont’l GEE pr pf 7 Contl Oil (Mex)__. Cont'l Roll & S Fy Contl Securities. _ Cook P & Var t60c Cooper Bessemer.. Copper Range Cord Corp Corroon & Reyn__ Cosden Oil Me (d) Cosden(Me)pf(d) Creole Pet (a50¢c). Crocker-Wh al0c. Croft Brewing _. Crown Cent P afe Crown C I(A)h50e Crown Drug bl0c_ Cuban Tob vte. Cusi Mex Mining_ Darby Petr (50c). Davenport H (1)... Dayton Rubber Derby Of] & Ref__ Detroit Gasket 1. Det Gas pf (1.20). Det Gray Ir +20c.. Det Pap Prod t25¢ Det St1 Prod a1 Distilled Liquors . Dohler Die Cas(2) Dow Chem (2.40) Draper C (12.40) . Driver Harris 115. Dubelier Condens Duke Power (3) Duval Tex S a5 Eagle Pitch d a60c 06 East'n G&F Asso. East'n G&F pf(6) 600- East G&F p pf 434 176s East Mall Ir 21.30. 758 East'n States Pwr. & East'nStPw (B). 1 Easy WM B t60c. 7 Economy G Sa13 !M. Eisler Elec (abc). Elec Bond & Share m ElecB&Spf (5).. 2 ElecB&Spf(6). 4 El Pwr As(A)a25c Elec P&L2d pt A Elec Shareholding El ShovC1st pf__ Electrographic t1. 3 108 2 808 1 25 508 808 Emp G&F 1% pf.. Emp G&F 8% p*__ Emsco Derrick t1. 2 Equity Corp(a25c) 16 EuropnElbdrts. & Evans Wall Lead. 78 Evans Wall L pf_.300s Ex-C-O A&T t60c. 75 Fairchild Avalbe. Falstaft Brewing_ Fanny F C (t60c). Fansteel Metal __ Fedders Mfga2%. Ferro Enam(al).. Fidelio Brewery First NS 1stpt 72 80s 116 NEW YORK, January 18 (#).—Bar eilver steady and unchanged from Priday, January 15, at 44%. Fisk Rub pf (6)..150s 82 FlaP&LDI .....100s €3 [ Fisk Rubber. .__.. 18 12)§ 22’/5 124 19% Minn Min&M{(t1) 758 Miss Riv F pf (6). 10s Mock Judson 60c 1 Moh H P&L 18t(7)200s Mohawk H 2d pf .. 150s Molybdenum Corp 11 Mont Ward A (7). 40s Montr HLt&P 1%. 2 Moody’s pt pt (3). Moore Dist (t50¢) 608 ' | Mount Prod (§0c). Mueller Brass t1.. Nat Invest war_. Nat Leather L Nat Ofl Prod t60c. 1 Nat P& Lt pf (6) 4508 Nat Rub Mcha20c 40 Nat Service 10 Servicept. . 2 Nat Steel Car Ltd 100s NatSugar NJ (2) 3 Nat Transit (75¢). Nat Unlon Radio_. Nebel (Oscar) Neh! Corp - Neisner Brpf (7)_ 26 Nelson(H) (ad5¢) Neptune M A a60c Nev-Calif Elec 50s Nev-Cal El pf (7)_ 268 New HavCl (1%) 1 N J Zino (12).__..550s New M&A Ld alo_ Newmont M as% . N Y Auection a25c. N Y Pw&Lt pf (7) N Y Telpf (6%) . N Y Water Sve pf. Niag Hud Pw a40c Niag H P(A) Niag HP (B) war Niag S Md B aéCe_ Niles-Bem-P (a1). Nipissing (a50¢) . Noma Elec (a400). NorthAmL&P . North AmL&P pf 300s NARayonAt1% 4 N A Rayon B t1% North Am Ut Sec North'n Europ ofl North States P A _ North'st Eng a1%. Novadel Ag (2)... Ohio Brass B (t1). 26s 2 3 5 1 2 . 1 7 2 165 9 1 2 8% | Ohio O1l cu f (6 1183 1183 12 124 81 & L4 * Okla Nat Gas Co. 5 Okla Nat Gas pf.. 400s Oldetyme Distil 2 Overseas Sec 60c.. 1 PacG&E 1st (1%) 2 Pac Publie oe 1 Pac Tin spec (12) 5008 Pan-Am Afr (t1). 7 tepec O11 318 ker Pen (1.80) Patchague Ply a7 10: Penna Salt (14 Pepperell Mfx t Phillips Pkg ab0c.- Phoenix Secur Pierce Gov (a50¢) Pines Wintfrt(n) . Pitney Bow(t40c) & Pittsbgh Forging. €3 Pitts P1G] ) Potrero Susar Powdrell&Al 160c. Pratt & Lamb (a3; 1 11y 523 62% 17% 34 2% 1435 50 Penn CL&P pf 2.8(100s - 105 3% 14 | Tech Hughes 140c 34 | Texon O11 & L 60c. Stroock Co(a2%) . 50 Sunray Ol (alle) 12 Sunr'yOcupf2y 1 Sunshine Min (3). 25 Taggart Corp. o Tampa El (2.24) Tastyeast(Del)A_ Taylor Dist (30¢). Technicolor as0e._. o 44 474 1984 14% 395, 24 434 2134 2] 7 45% 14% 9 1 6 22 7 9 . Thew Shovel a50c. 26s ‘Tilo Roof (t50¢c) 3 Tishman R & C_. 2 Tob Prod Exp 16c. 8 Todd Shipyd (12). Tonopah Beimont. 1 Tr-Lux DPS 120c. 15 Tri-ContiCwar .. & TriSGlall4 2-5c. 1 Tubize Chatillion. 15 lung-Sol Lumpn. 6 Tung-Sol L pf 80c. 1 Twin-Coach a1.40. 15 Ulen&Co5% pt._ 1 Ulen&Co7% % pf 1 Unexcelled Mfg . Un GasCana22%e¢ la Unit Afr war.____ Utd Gas pf (a: Unit Lt & Pw M) 177 Unit Lt & Pw (B). 11 Unit Lt&Pwopf__ 17 Unit Mol bl1%c__. 1 Unit Prot 8hal0c. 1 Unit ShipydsB .. 28 Unit Shoe M 12% . 175 Unit 8 M pf (134). 60s USFoll (B) (1).. 19 U S & Intl Secur.__ S & Inti 1st pf or tator pf... Rub Reclaim_ Stores U S Stores 1st pf_. Unit Stores vtc.._ Unit Verde Ex (1) Unit Wall Paper.. Univ Pictures.. Utah Apex ... 142 UtahP&Lpf$2.91% 850s Utilities P& L (4) 7 Util P & L pf (d)-.11008 Utility Equities 6 Utility Eq pf bdl4. 50. Util & Ind (new)._. Utility & Indus pf. l Venezuela Petrol.. 82 Waco Alrcraft . ‘Wagner Bak a2.35. Walker Mining._ . . Wayne Pump (500 Well't'n Ofl of Del ‘Wentw’h Mf $1.20. W Va Coal & Coke wu -low Cafe pf _ Winripeg El (B) .. Wolverine Port C ‘Wolverine T al.20. Woodley Pet 140c. Wright Harg t40c ™% U4 Ygstn Rt Door t1 '12“ ’ll)‘ Yukon Gold(al3c) Dividend rates in dnllln b-ud on last quarterly or semi-annual payment. tAn- nual rate—not inclut extras. IAc- cumulated dmmul & Paid last year. IP id this T as ‘c: M Ve or ing in act. otn:ulmun qugfi by such com- 18% 12 104 panies. 1 24| very slow; 34 | pounds, | 3.00a3.50; butterfish, box, 3.00a5.50; | clams, large, per 100, 75; cherrystones, 60: little necks, 40a50; oysters, dium, gallon, 1.50a1.60; selects, 1.75; | raw bar, 4.0026.50. Grain Market. tling prices were: No. 2 red Winter, garlicky, spot, domestic, 1.43'3; Jan- uary delivery, 143%3. Corn—No. 2 yellow, domestic, 1.07: Western bill- ing at a premium over this price. Cob, | Corn—Nominal. Oats—No. 2 white, .domesnc, as to weight and location, | 64a74; No. 3, 63a73. Rye—No. 2, 1.30a | 1.35. Barley—85a1.00. market holds steady to firm, with | values well maintained at a range of | 17.00a22.00 per ton for both timothy | and good clover mixed. Hay grading | below No. 3 hard to move at irregular value. Straw—Market for straw generally slow, but values are fairly well main- tained at 10.50a11.00 for wheat and oat offerings. Tobacco Market. Market for offerings of new-crop Maryland leaf tobacco closed until 38 | February 15. Quotations on old stock: 34 | Maryland farm leaf, nondescript, 3a4; common, 4a10; medium, 10a30; good to fine, red, 30a40. Second, common, 37; medium, 7al5; good to fine, 15a35. Live Stock Market. Cattle—1,050 and 300 holdovers; steers weak to 25 cents lower than Thursday: late bids at full decline; heifers and cows mastly 25 7| cents under Thursday of about like| 4™ Eeseive Friday; bulls steady; most steers common and medium grades under 1,200 pounds at 8.00a9.00; few up to 9.50 and above; load good 1,150 lots, 7.00a8.00; few common and me- dium heifers, 6.50a8.50; most low cut- ter and cutter cows, 3.50a4.50; com- mon and medium, 4.50a5.50; few good, 6.00; common and medium bulls, 6.00 ; medium and good grades, 12.00a13,00; common, 8.00810.00; cnlh 7.00 down. Hogs—1,900; very slow and uneven; steady to 5 cents lower than Friday; instances off more, some pigs higher; to 250 pounds, 10.65a11.10; heavies down to 10.00 and below; 140 to 160 10.65a11.00; 120 to pounds, 10.00a10.50; some to 10.65; good packing sows, 9.25a9.50; good stags, 8.00 down. NAMED BANK DIRECTOR. NEW YORK, January 18 (#).— Hale Holden, chairman of the South- ern Pacific Co., has been elected & director of the Chemical Bank & ‘Trust Co. me-l Opening prices were: Wheat—No. 3 | Mlami( red Winter, garlicky, spot, domestic, fi 1431;; January delivery, 1.43!3. Set- B Hay—Under light receipts, the hay pounds weights, 10.35; many common | Fi bulk good and choice 170 to 2255t pounds, 10.95a11.20; top, 11.20; 225 | &y, | Detrott. Paso. Tex. ,c-lveuon Tex. Hielena. Mont.- polis Jack«amme - Kansas City. Mo sttty EE- e En POS~m 8an _Francisco. ] §t, Louig, Mo._ 29 Wash FOREIGN STATIONS. 7 am. Greenwich time. today.) Temperature. Weather. England .. 44 1 Cloudy Paris, France ______ Cloudy Vienna, Austria Cloudy | Berlin, Germany . Cloudy Brest, France Rain Zurich. _Switzerland Cloudy Stockholm. _ Sweden Cloudy Gibraltar. spain Cloudy Horta m London, B8 Greenwich llm! today.) ). Azol Cloudy T ——— INSURANCE STOCKS nuary u‘ l:l .—New York Associaf Bid. Ankey Aetna Cas e Asing e 20 etns, lln n'u 00» PEE SR - DISITRIID 1k IO I35 LI B ~|-ouagmgoo-aam—whuanflo:—onamumw fad G & S SRS S - 13Dtz 3333 Sun late_. avelers 8 Fire (1.80a) Westchester ~ (1.20a 140! Also_extra or extra: a—Also extra ol VISIBLE GRAIN SUPPLY. NEW YORK, January 18 (#).—The visible supply of « American grain shows the following in bushels: Wheat decreased 3,370,000, corn increased 226,000, oats decreased 1,316,000, rye decreased 196,000, bar- ley decreased 652,000. 4 | The increase over November, mated at 4232028 units, against 4,081,023 in the preceding month. 1935, was put at 7.7 per cent. —_— DEPOSITS ARE ASKED. NEW YORK, January 18 (#)—The Reorganization Committee for Wick- | wire Spencer Steel Co. today notified holders of the company's voting trust certificates that they must deposit their certificates with the Chase Na- tional Bank of New York before Janu- ary 25 in order to retain their right| to subscribe for stock in the reor-| ganized company. NEW YORK. January 18 (P —Copper | steady: electrolytic spot and future. 13.00: export. 12.60-65. Tin barely steady: &pot and nearby. 5140-30: future. 51.30-40. Lead steady: ‘spot New York. 6.0088.05: 8t. Louis. | 16 timony. spot. 14.2 | hickeiiver " 93,0008 60" Plathun. 4800, | Woltramite. 15.00-13.50 FINANCING TO DECLINE. NEW YORK, January 18 (#).— New State and municipal financing scheduled for next week totals $19.- 537,320, compared with the revised figure of $69,960,791 for the past week, | Daily Bond Buyer reported. ACACIA =REAL EFORE you decide where to apply for a real estate loan for refinancing, buying or building a ACACIA. Those who get loans from ACACIA con- tinually tell their friends that they are getting the most economical proposition of any. ACACIA LOW $6.15 per Month per $1,000 $6.90 per Month per $1,000 $8.00 per Month per $1,000 Call—No Obligation—at Mortgage Loan Department ACACIA MUTUAL LIFE INSURANCE CO0. ESTATE-=, house, be sure to see COST PLANS 51 Louisiana Avenue (Just Opposite the United States Capitol) WASHINGTON, D. C.