Evening Star Newspaper, January 20, 1937, Page 20

A—20 sx%x FINANCIAL. THOM RE-ELECTED TRUST FIRM HEAD - American Security Also Adds ! One New Official at - Annual Meeting. BY EDWARD C. STONE. Corcoran Thom was _re-elected president of the American Security & Trust Co. at the orgumzauon meeting of the directors held late yester- day. James L. Goldsmith, Cen- tral Branch, was elected as as- sistant treasurer, and all other officers were re- elected as fol- lows: Howard Moran, vice president: William L. Beale, vice president and real estate ;'_fi“‘:i ’;gé‘;‘;;‘ Corcoran Thom. secretar: James C. Dulin, jr, treasurer; T. Stanley Holland, trust officer; James D. Barrett, auditor; Albert H. Shillington and Robert L. Flather, assistant secretaries; David N. Houston, Arthur G. Nichols, J. Eliot Moran and Earl G. Jonscher, assistant trust officers; Frank M. Perley, trust investment officer; William W. Keck, Hans W. Ireland. Percy C. Brady, Charles C. Boswell, Edward E. Swan, Richard .E. Harris, Harry P. White and William E.| Schooley, assistant treacurers. At the preceding meeting of the| stockholders these directors were re- elected: C. A. Aspinwall, William L. Beale, Gist Blair, Harry K. Boss, George W. Brown, Charles A. Carry, William M. Coates, Frederick W. Cole- man, William W. Everett, William J. Flather, jr; M. G. Gibbs, James M. Green, Gilbert H. Grosvenor, William | Montgomery, Howard Moran, Clarence i F. Norment, Newbold Noyes, John Saul, Corcoran Thom, §S. Percy Thompson, Benjemin W. Thoron, John F. Wilkins and Edward G. Yonker. The advisory board of branches was also elected. Mr. Goldsmith, the new assistant treasurer, has been with the trust company since 1900 and has held many important positions. H2 has a law degree from National University. Exchange Seeks Self-Rule. President Charles R. Gay of the New York Stock Exchange and Dean | Worcester have requested the Gover- nors of the Federal Reserve Systein to | allow the exchange to handle the margining of in-and-out trading by | its own rules, at the same time asking ‘ the board not to tighten up regula- tion “T.” Marriner S. Eccles, chairman of the £ Reserve Board, said after the coffer- | ence that the board now had before | it all information necessary to rorm} a basis for its decision and must now | determine what course it wishes to follow. He added that he could not | predict when a decision would be reached, but asserted that the board | wishes to clear up the question as soon as_possible. Whether the board will accept the | argument of the exchange that it can handle the problem of margins on in- and-out trading is still uncertain, but there are indications that it may, the | ‘Wall Street Journal asserts. Railroad Earnings Climb. Pennsylvania Railroad reporis for | 11 months ended November 30, 1936, | net income of $32,834,848 after taxes | and charges. equal to $2.49 a share on | 13,167,696 shares (par $50) of capital | stock. This compares with revised net | income of $21,521.970, or $1.63 a share, in first 11 months of 1935. Baltimore & Ohio Railroad reports, for the 11 months ended November 30, 1936, net income of $2,138.073, after taxes and charges, equal to $3.63 | a share on 588.632 shares of 4 per cent | non-cumulative preferred stock. This compares with net loss of $3,030,929 in first 11 months of 1935. | Southern Railway Co. reports for 11 | months ended November 30, 1936, net income of $3.100,923 after taxcs and | charges, equal after dividend require- ments on 5 per cent non-cumulative preferred stock, to 27 cents A share on 1.298,200 shares of common stock. 'This compares with net loss of $2,311,~ 400 in first 11 months of 1935. D. C. Banks in “Largest” List. The 1937 “roll call” of the largest commercial banks and trust compa- | nies in the United States, published today by the American Banker, re- veals six Washington banks among the first 300 in the list. Riges National stands sixty-eighth ‘with $100,805,799 in deposits; Ameri- can Security stands 118th with $52.- 130,373; National Metropolitan 203d in list with $28,588,390; Washington Loan & Trust 231st with $24,746,661; Ham- ilton National 257th with $22,005,- 241, and National Savings & Trust Co. 291st, carrying deposits of $18,771,448. The largest bank in the United States is the Chase National, with the Guaranty Trust second and National City third. Others among the first 10 are the Bank of America. Continental Illinois National Bank & Trust Co., Bankers' Trust, New York; First Na- tional, Chicago; Central Hanover, New York: First National, Boston, and Manufacturers’ Trust, New York. Banks of the Nation are carrying tae greatest deposit load in histoiy, a total of over $60,500,000,000, of which $50,400,000,000 are in commetcial banks and $10,100,000,000 in mutual savings banks, the American Banker estimates. Totals for the United Btates now even exceed the peak fig- ures set in 1929 and 1930. Deposite in all United States banks gained $5,- 000,000.000 last year, making the in- crease in the two years since the low point in 1934 over $10,000,000,000. Financial District Half Open. ‘Washington’s financial district was half open and half closed today. The banks observed the legal holiday in the Capital but the brokerage houses followed the example of the New York Stock Exchange and were running along as usual. D. H. McKnew & Co., Inc.,.and John- ston, Lemon & Co., both local invest- ment firms, participated with J. A. Sisto & Co. in the offering of 75,000 shares of Davega Stors Corp. 5 per cent cumulative preferred stock, placed on the market yesterday at $25 a share. “It is usually much easier to earn money than to keep it. When we say that an individual has established an estate we are paying tribute to the fact that he has held on to the funds he has accumulated and has not suc- cumbed to the temptation to be reck- less with his resources,” says Louls Guenther in the Financial World. John G. Lonsdale, former president of the American Bankers' Associati u, has resigned as chairman of the Mer- cantile Bank & Trust Co., St. Louis. to devote all his time to duties as co- trustee of the St. Louis-San Francisco Railway. | 190% TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Dividend Rate. 59 Acme Steel (4) - 9% adams Exp (abbec) 17% Adams Millis; Low y 58 Alr Reduction (¥1) 2 Atr-Way Elec ADplt 13 Alaska Jun (160c). 2% Alleg Corp 18) 123, Alleg of wid0w (d) 267 Alleg Steel (a1.65)- Alllea Cnem «6) Allied Stores(b20c). Allied Stores pt 16) Allis-Chaim (113%). Alph Port Cmt (1) . Amal Leatner Amal Leath pf (3)-. Anicraaa < orp 12) Am Ag Ch (Del) a4. Am Bank Note (11). Am Brake Sh (12) Am Brake S pf 6% - Am Can (14) = Am Car & Foundry. Am Car & Fdrv of Am Chain&Cab(a4). Am Chicle (14) ___ Am Colortype Am Comel Al (a50c) Am Crys Sug(b50c) Am Crys S 1st pf(6) Am Encaustic __ Am European Sec. . Am & Foreign Pwr Am & For Pw 36 pf . Am & For Pw §7 pf. Am & For Pw 2d pf. Am Hawahan (1) Am Hide & Leather 63 Am Ice ptf (2) Am Intrnat'] (a40¢) Am Locomotive Am Locom pf (a3) _. Am Mach&kdvitl) Am Mach & Met 60c. Am Meta: Am Power & Light. Am Pwr&Lt pf (b). Am Pwr&Lt ot (6). Am Radiator(160¢c) Am Radator pt (7) An Roll M (11.20)_ Am Saf Razor (12). 18 Am Seating(aliy).. 25'% Am ShpoIdg 12) 103 56% Am Smelt&Ref (3). 152% 136's Am Sm& Ref pt (7). 732 57'a Am Snuft (13) __ 64 2013 Am Steel Fdry (al) 14513 107% Am Steel Fy pf (7). 36 24% Am Stores (2) - 63% 484 Am Sugar (3) 26% 20% Am Sumatra Tob 11 149'3 Am Tel & Teleg (9). 87 Am Tobacco (5)._. #8's Am Tobacco B (b 87a Am Type Founders. 192 Am Wat Wke ad0c.. % Am Woolen 528% Am Woolen pf (a4). % Am Wril Faper (a) 4% Am Writ ot «d) 31 Am Zinc & Lead . 28 Anaconda Cop (t1). 151 Anchor Cap (60e) - 9 Andes Copper 3 APW Paper . 37 Archer-Dan-M (12) 105% Armour Dei of (7) 4% Armour «lliinols) 104 Armour of 11l pf¢7) 661 Arm'TC1lIDI BT (6) 47% Armstrong C'k t1% Th Arnold Const(b50¢c) S$1a Artiovm ‘. orp 125 Asso Drv Goods 98 AssoDG 2dpfbl% 59 Atch Toas z 90% Atch To&S Fe pf(5) 215 Atl CoastLine(al) 11 Atl Gulf & West Ind 26% Atlantic Kehn (11) 48 Atias Powder (12) 112 Atlas Powder pf(5) 14 Atlas Tack (a75c)-. 26% Auburn Auto 5% Austin Nichols 2913 Austin Nichols pt A 4% Aviation Corp « Del) 2l Baldwin Loco (d) 29% Baldwin Loco pf(d) 2% Baldwin Loasdd). : imore & Uhio Ohpt_. 21 Barber Co (a5c)-_. 13% Barker Brotners 821 Barker Bros pfal0. 14 Barnsdall O11 (1) .. 16% Bavuk Cigars t756¢c 18 Reatrice Cream(11) 85 Beech-Nut Pkg(14) 13 Heioing Hem (1) 215, Bendix Aviatialls) 20 Beneficial L (b45c 48 Best&Co (72 45% Bethlehem Stlalty 16! Beth St16% vfel) 18'4 Black & Decker 25¢ 143 Blaw-Knox (a8c) 18's Bloomingdale (al). 167x Boelngr Airpiane 40% Bohn Alum&Rr (3) 801 Bon Ami (A) (4) __ 3% Bon Ami (B)b62le 25% Boraen Co (1 60) 64 Borg-Warner (4).. 6 Boston & Maine Botany Min A (d) - Bridgp't Brass t400 Briges Mfg «*2) Bristol-Myers 12.40 4 Bklyn Tr (4) - Bklyn-Man T pf (6) 43 BKIVD & Queens 334 Bklyn&Queens pfal 44’5 Bklyn Un Gas (3) 81a Brunswick-Balke - 875 Bucyrus-Erie 107'3 Bucyrus-Erie pf(7) 9% HBudd (b G) Mfe 8% Budd Wheel (a20c). 208 Bullard Co (al%)-. 11t Bulova Wateh __ 25 Burr Ad Mch(t60¢) 2% Bush Terminal (d). 8% Bush Term deb (d) 144 Bush T Bldgs pf(d) % Butler Bros (aé0c) 29% Butler Brospf 1% 25 Butte Cop & Z(a5¢). 16' Byers (& M) 54' Byers (A M) ot 22 Byron Jackson t1 30% California Pack (2) % Caliahan Zinc-Lead 6 Calumet & Hec a750 30 Caumpbell Wy (11) 10% Canada Dry G 4. . 10% ‘‘anadian Pactne 37 Cannon Mills (a4) _ 12% Cap Admin(A) (al) 45% Cap Aam p1 A 13) 91 Car Clin&O stpd(5) 6% Carriers & Gen (30c 9214 Case (J 1) Co (4) . b54% Caterpillar Trac 12 32Y% 21% Celanese Corpall 116 106 Celof Amprof A7. 39% 19 Celotex t'orp 54 Celotex Corp pf (5). 25% Cent Aguire (Tilg) 6% Central Foundry Co 35 Central RRof NJ 22% Central Violeta Sus. 6'3 Century Rib M bl0e. 4T% Cerio de Pusco 8'% Certain-teed Prod _ 57% Certain-teed pf (6). 19 Champ Pap & F (1) 111 101 Champ Paper pf(§) 100 59 Chesapeake Corpt3) 7% 51 Ches & Ohio (12.80) 3% 1% Chi & East i1l (d) _ 8% 27 Chi & East 11l pf(d) 14% 4 ChiGri W of (@) 6 Chi Ind&Lou pf (d) 25% Chi Mat Urd vi). 1% Chi M1 St P&P (d) 2% Cht M 8t P&P of «d) 2% Chi & N W (@) 6% Ch1 & N W pf (d)_ 12% Ch1 Pnenmatie Tool 40% Chi Pne T pf (a3%). 1% Chi R L&Pac «a) 8% Chi R1&P 6% ot :d) 3% Chi R I1&P 1% pfd) 19% Ch) Yellow Cab (2). 17% Chickash Cot O11 __ 7 Chi'ds Co 73 25 Chile ('opper (1) 85'% Chrysler Corp(al2) 15% City ice & Fuel (2) 2% City Ice&F pf (8%) 4% ("itv Stores 23% Clark Equip(+1.60). lll"l 107% Clev E1 11lu of 4% 28% 45% 1024y 104 18 2% 1115 0% 2 10 =4 131 30% 54k 10t 461 1% - 12 115 15% 14 35 59% 34t 9 3315 313 167 33% 65 29% 88% 33% THE EVEN By Private Wire D|re¢; to The Star. Sales 'Add 00 Net Low Close. Chge. 65% + % aish. 2 66 65% 12 17% o 35 2 2 3 4a 5 15% 1 &% 4% 378 236 17% 8414 804 36 5% 4310 1075 971, 40% 70 140 115 62u 94 8% 104 16 28% a3l 9% 106 4 3 2 19 2 19 10 66 107'% 97 40% 70 140 1127 61ty 94 TT% 104 15% 281y 33 9% 10 16% 12% 57y 66 6 2 KON O R - Y @ ® - PEEFTE vy bttt ) o £F & AR AN} 25 $2 5 #£EssE LS R e S S S ey &7 SRR 30s A S 29 208 72 2 508 2 2 308 77% 48 Cluett Peabody (3) x 3 58 55% Coca Cola A (3) 21% 13 Colgate P-P (t50c). 106% 100 Colgate-P-P pf (6). 66% 39'% Collins & Alk t3 __. 11615 107% Collins & Aik of (') 30 8% Coloni 48 284 Colo Fuel 23% 14 ColumbG & E8é0c. 108% 90% ColG & EpfA (6)-. . 20 1 9 40s 108 3 46% 40 19 18% 4 105% 106% l%k = G_STAR, WASHINGTON, D. C, !Xbl’ln. 1036 Stock and ales @igh ow. Dividend Rate. 45% 31 Coium Pict vic (1) 51% 24 Colum Plceovpti¥ 84% 44 Comel Credit (14).. 128 100% Comcl Credit p! 91% 556 Com'l Invest T (t4) 14% Come'l Solv (16Uc). 2l Comw & Soutbers.. 82 59% Comw & Sou pf (3)_ 15% 7 Conde Nast Pub __ 44} 30% Congoleum N 11.60. 8 Conso: Cigar 72% Con C pr pt ww 6% 65% Consol Cigar pt (7) 294 Consol Ed N ¥ 2. xoz Consol 150 N¥ pf(6) nsvl Film 16% Consol Film pt (a2). Sy 2 Cons Coal (Dst)vte 21% Cot > tDel) pf vie 15% Container Corp 1.20 10% Conts Gunitig - A) 13 onii Baking By 67% Contl Baking pf (8) 03% Lout i Lan (13) . 170 Contl Dia KIbre(Z). 35!4 Contl Insur (11.60) 2ia . uuu Motors 28'a Contl Oll (Del)al 25 Contl Steel Corpil) 55k Corn k3 BK&'LT (3) 63% Corn Prod Ref (13). 4 Loty inc 24 Crane Co N 118% Crane Co pf (7)___ - 85 Creamof Wht (12) 15‘\1\( srosiey Kadioaly Ck&Seal (2) Crown Ck bl xw 2% % Crown % 28 140 $Ti 35%, 6'a Cubau-Am Sugar 63's Cuban Am Sug pt__ 35'a Cudahy PKg (2% ). 167 Curuis Publishing .. 99%5 Curtis Pub pt (7). 4 Curuss wrignt 105 Curtiss-W (A) abto 43% Cutler- Hammer 11 b2 Deere&Co __ __ 27 Deere & Co pf(1.40) 191 Deael-Wem-G (11) 6% Delaware & Hudson 147a Del Lack & West. 4% Den&lilo GW pf () 13 Det & Mackinac pt 42 Devoe & Rey (A) 13 30t Liamona Mich 114y 37'3 Dia Match pf t11% _. 18!4 LISUC orp Seag Lid. 93'% Lustillers C'p pf(5). 41's Dome Mines (12) .. 7% Dominion Stores __ 50% Louxlass Alrcraft 13 Dresser Mfg(B)al. ™ buluth 55 AU 1l Duluth S S & Atl pt. 4ix unnill internatl .. 13% Duplan Stik (1) 114 Duplan Stik pf (8) _. 133 Du Pontde N a6.10 513 kastern Koll Mills_ Eastman Kod (v5)_ Eaton Mfg (12) .. Eitinglon Schild El Paso Nat G(1.60) Elec Auto Lite 12.40 110% Elec Auto L p1 (7). 10 Elec Boat (asuc) 5 Kl& Mus Ind al8 6% Elec Pw & Lt = 29'3 Elec Pw & Lt 36 pf- 32% Elec Pw & Lt $7 pf_ 39% Elec Stor BataZ¥ _. ts Elk Horn Coal (d)_. 13 Klk Horn C pf (d) - 534 Endicott-John (3). 110 Endicott-J pf (5) _ 713 Eng Public Service 45'3 Eng P'S $5 pf (al0) Equit Off Bldg bluc Erie R It = Erte R R 18t pt Erte R R 2d pf Gureka Vac C (80c) Evans Product(t1). Exchange Buffet __ FairbanksCo _____ Fairbanks Co pf___ Fairb’ks-Morse(t1) Fairbanks-M pf(6). Kajardo Sukar (). Federal Lt & Trac Fed M&S pf (a1012) Federas Mot Tr 4vc Fed Screw Works__ Fed Water Svc (A). Fed'd Dept S (2)__ Fedtd DScupt 4% Fidel Phoe F 111 60 Firestone T & R (2) First Nat Strs 123 . Flintkote Co (1) Florence Stove a4 Florsheim(A) (t1)_ Follansbee Bros «d) Food Machine (1)_. Foster-Wheeler ___ Foster-Wheeier pt Francisco Sugar Freeport SulCo (1)~ 47% Fuller Co pr pt _ 3115 Fuller Co 2d of 3% Gabriel Co (A) 114 Gamewell Co 15% Gar Wood Ind aS5c_ 8!3 Gen Am Inv aTic)_ 97 Gen Am Inv pf (6)_ 4214 Gen Am Trans't a3_ 10% Gen Baking (160c) 141 Gen Baking pf (8)_ 7 Gen Bronze 5% Gen Cable _ 17 Gen Cahle A 7015 Gen Cable pt (a7) - 49 tien Cigar (14) 341 Gen Electric (11) 33% Gen Foods (2) __ T Gen Gas & Elec ( 58 Gen Mills (3) - 537 Gen Motors (ad4%4).- 118 Gen Motors pf (6)-. 5% Gen Outdoo 313 Gen Pub Servic 2215 Gen Rv Signai (1) 4 106 Gen Ry Sig pf (). 2 Gen Keaity & Utll . 26'5 Gen Realty & 1" pf_ 33Y% Gen Refrac (a3%)_ 3214 Gen St Casting pf 17 Gen Theatre E (a2) 30% Gen Time Inv (1) 13% Gillette Saf R (11). 70 Gillette S R pf u). 6% Gimbel Sros _. 3913 Glidden Co (2).. 3% Gobel (Adolf). . 6% Goebel Brew (120c) 13% Goodrich (RF) (a)) 74 Goodrich(BF)pf(5) 3 21% tioodvear | & K 105% 100 Goody T&R cu pf 5. 1165 87 Goodyear $7 pf (4)- 814 Gotham Silk Hose . 4% 2 Graham-Paige 11% 1% Granby Cons (new) 6% 3% irand Unlon ctfs 25% 16 Grand Un pf (al%k). 44 24% Grenite City Sti 1) 52% 28% Graat(W T)(11.40). 46% 32Y% Grt Northern pt 22% 16 Grt North'n Ore (1) 42% 31 Grt Wt'n Sug 12.40_ 7 22 Green (H L)(11.60)., 14% Greyhound (180¢c) .. 1% Guantanamo Sugar 24 Guantanamo Sug pf 914 Gulf Mobi 30% Gulf Mol 28% Gulf Sta 6 Hall(WE)Printing. 14 Hamllton Watch 125% 104 Hamilton W pf (6)_ 55 30w Harb-Walker (t2)_ 18% 12 Hat Corp ot Am (A) 115 104 HatCprww (63%). 9 4% Hayes Bodv = 133 99% Hazel Atlas GI (15) 21m 12% Hecker Prod (80c) 164 150% Helme (G H) pf (7) 41 2515 Hercules Mot 111) _. 150 84 Hercules Powas%. 80 587% Hershey Choc (13)_ 49% 304 Holland Fur (al%) 124 108 Holland Furd pf(5) 33% 9 Hollander & Son(1). 42% 19% Holly Sugar «12)__. 544 407 Homestake (112) _. 39% Houd-Hersh(A)2%. 22% Houd Her (B) 1% 54% Household Fin (4) .. 65% House F'in pf(4.68)_ 6% Houston UL vt . 48% Howe Sound (13)__. 3% Hudson & Manhat__ 815 Hudson & Man pf_— 133% Hudson Motor Car. 1 Hupp Motors - 18% (11inots Central . 30 [llinols Cent pf (A) 58 (11 Cent Ise lines (4) 4% [ndian Refin (a1) _ 25% Indu Rayon (11.68). 141 106 tngzersoll and(13) 122 28% InlandSteel (13 244 64 inspiration Copper. ! 184% 218 156 4015 308 2315 o - - S o S ® PISPS-1- SV - P P P PP - PRV JOPHOTS — Net Add 0u. High. Low. Close. Chge. 43 38% +1% 464 + % 68 + % 113% — % 5% + % 204 +1% 3T% 46% 67 113% Té% 19% 3% T2% 135 394 17% 91 B4% 45 B e SMER S AN AR —ER® R R R Y R L 2 - °s 3 $5 sEErsEspass Seon +|+¢+L+t: +4+ L+ 4+ #8eess S %u..e.m.mm..mw 40 42 W 908 130 114 26% 108 28% 27% +1% WEDNESDA " 2:18 p.m. Stock and Dividend Rate. (ns Sh Md cfs a20c Inter Rap T vte (4) Intercontl Rubber. interiake Iron int Agricuitural. Int Agricul pr pf int Bus Mach (6)_ int Harvester 23 int Harvester pf(7) Int Hvdro dlec tA) Int Mercantile Mar. intl Mining (a90c)_ 4 Intl Nickel (a1.30)_. Int Paper & Pw (A) int Paper & Pw (B) int Paper & Pw (C) int Pager bPw ot Intl Print Ink (+2)_ x Bales— Add 00. 2 22 6 3 23 16 41 27 32 62 54 2 Int Print Ink.pf(6) 100- nt Shoe (12, int Stiver Intl Silver pf (a4) tnt Ter & Ter Intersta DS (b2%). Intertvpe Corp (1) Islana Creek (2) Island Creek of (6) Jewel Tea 114) Jnhn lanville(13) Johna-Manv of (1, Jones L 7% vfa3¥ 3 Kalamazoos (11) x Kans Uity Southern KansCSof (al) __ Kauf'nn DS t160__ b rJ&Co(2) . Kelsey-H (A)att. Kelsey-H (B) allg_ Kennecott 'a1.70) Keystone S&W blsc Kimberly Clark(1). Kinney (G R) Co Kinney(GR)pt(a1) 4 Kresze 1S S) (t1) Kress (SH) (1.60). Kroger G&B(11.60) Lambert Co (3) Lane Bryant ____ Lee Rub&Tire(s0c) Leh Port Cmt (1%) Lehman Corp (13) _ Lehn & Tinkall% .. Lerner Stores (12)_ Libbey-Ow Gla3_ Libby. McN & L al. Life Saver (11.60) . LIgR & Myers (14)_. Lizg&Mvers B (14) Ligg&Myers pt (7). Lily Tulip Cup 1% Lima Locomotive _ Link Belt (12) Liquid Carb (2.60) .. Loew's Inc (t2) 4 Loew's Inc pf (6%). Loft Inc Lone Star Cmt(12) Long Bell Lum (A) Loose-Wiles (2) _ Loose-Wiles pt (5)_ Lortllard (P) 11.20_ Lorillard (P) pf(7) La O1! Ref pf «d) Loulsv GAEDIA 1% Louis & Nash (a6) _. Ludlum Steel (t1)_ MacAndrew&F (72). Me Call Corp (12) __ Mctrory Stores McGraw Elec (12) . McGraw-hill 12%e. Meintyre Purcu 12) Mekeesp't TP (14) Mchesson & Rob & Rob pf (3) lan St (b Mack Trucks (T1)_. Macy (R H) (12)__. Madison Sq G 160¢ Magma Copper (a3) Manati Sugar (d) Manati Sug of (d) Mandell Bros (b1) Man EI md &td (d). Man Elev gtd (d) .. Manhat Shirt (1) _ Maraeaino U1l Exp Marine Midl'd t40c. Market St Ry Market St Ry pf Market St Ry 2d pt Market St Ry pr pf Marshall Fteld & Co Martin Parry Masonite Corp (11). Mathieson Alk(1%) May Dept Str (13) .. 2 Maytag Co (a50c) . Maytag 1st pf (6)__ Maytag pf ww (3)_ Mead Corp Mead Corp pf (6) _ Melville Shoe (15)_ Mengel Co Menge! (o pf Menzel Co pf ctfs _ Mach (bi5c) 58 Copper 171 ont Petal.1b 21% Mid'ld Stl Prod (t2) 13113110 Mid Sti =t Dt (8) 112 65 Minn-Hon Ros (2) n-Hon Ro pf(6) Pwr 2d pt &SS M s i Mission Corptadic) 2 Mo Kans & |exas Mo Kan & Tex pf A. Missour: Pacificid) Mo Pacific pf (d) Mohawk Carp +1.20 Montgom Ward(12) Mnt Wrd rts Jan 29 Mother Lodeal2%e Motor Prod (12) Motor Wheel (1.60) Mullins Mf(B)a50e Mullins Mfg pf (7). Munsingwear (+3)_ Murray Corp (a50c) Nash Kelvinator(1) Nashv Chat & St L. N Acme (a75¢) - Nat Aviation (al) .. Nat Biscult (1.60)_. Nat Biscuit of (7). NatB'd & Inval.ll. N B&I pfAww al1.15 Nat Cash Reg (al) _ Nat Dairy Proall Nat Dairy P pf B(7) Nat Dept Stores 25% Net Dist Prod (12). 28 Nat En & Stpg (2).. 26% Nat Lead (t50¢) __ 137% Nat Lead pf B (6) 54 Natl Mal'ble&Stl a2 9% Nat Pwr & Lt 160c) 13 Nat Rv Mex 2d of __ 57% Nat Steel (1215) _ 19% Nat Supply Co T4'a Nat Supply pfa3th_ 7% Nat Tea t6uc) 10% Natomas (t80¢) 32 Nelsner Bros (12) .. 9 Newp't Indusaélc.. 27% N Y Cenural R R 17% N Y Chicago & St L. 36 NYCh1&StLof . 314 N Y Dock 10% N Y Dock nf 150 119 N Y & Harlem (5).. N Y Investors (d) . NH & H pf (d)- Ontario & West Rys pf (4) Shipbuilding Shipbuilding pf 83 N Y Steam pf (6) 93% N Y Steam 1st (7) 144 Norfolk Southn (d) 105 Norfolk&Wn pf(4). @4 North Am Aviation 231% North Am Co (+1) __ Northern Cent (4)_. Northern Pacific Northwest Tel (3) . Norwalk Tire&Rub Norwalk T& Rof _ 12% Ohto O1l (aB0c) . 24 Oliver Farm Equip. 17 Omnibus Corp vte 8 Oppenheim Collins. 24% Otis Elevator a7bc.. 1215 Ot et 79 Otis Stl 1st pf(5%). 70 OtisSteeiprpt 13 Pac Am Fish (1) 314 Pactfic Coast 84 Pacific Coast 1st __ 4% Pacific'Coast 24 30 Pacific Finan t1.80_ 30% Pac Gas & Elec (2). 44% Pac Lighting (3) 14% Pacific Mills (a1) 11% Pac West O (a65c)_. 6% Packard Mot(a45¢) 12% Pan Am Petr (a60c) 1% Panhandie Pro & R 18 Panhandle P&R of 67 Paraffine Co (12)... % Paramount Piet 59 ™ara Pic 1st pf (8 8% Param’t 2d pf a60 2% Park Utab 40% Parke Davis (a1%) ) s ll\l 2 1 3 10 2 508 2 | 408 108 8215 104 30% 524 5% 40 19 57% 23% 1% 41 l.aB' Close. Ohul l!lh Low. 4 127% -1% T 4% 6dls 123'% 11% 1% 53 3% 43% 49% 92 1% 22% 135 1% 6 17% b% % 13% 70 2 10075 109‘1 IN 16% 2% 103% 2035 52% 5% 37% 135 +1 % — W 12% + % 6 19% + % 7+ % 55 +1 2% + % “ o —-u 29% 4 26% — 21% +1% 181 + 4 60% + % 18% + & “o-n 6% + % 52 +1% 28 + % 46 +1 24 + % 214 +14% 18% + % 5% +1% 108% +2% 3+ 59% + W M + Y| a3 +1n 109 + % 24% + % U7 +1% 33 +1% 278 + % 924 + M| 31w +1% | 42 +1% | 118% +1t | 1 +1%| 19% — W 24% + & | 109% + % 19% — W 29 + 4 38 -4 36 + u 1475 +1 60% +24% 13% + W 1 +% 6% + % 641 — % 124 +1 1% 124+ & 53 38% 1% 1%+ % 6 17% + % 5% + 4 4% + 4% JANUARY 20, 1937. 3:16p.m. Bales— Adq 00. High 1936 Stock and Dividend Rate 23 Parker Rust P13 4% Parmelee Transp't. 6% Pathe Film Corp 10% Patino Mines(t60e) 69 Penney(J C) (a7%) 6% 3% Penn Coal & Coke 10% 4% Penn Dix 27% 17 PennGl §'d cfsailo !fllA Penma Railroad(a2) Peoples Drug (t1). Peoples Dr pf (6%) 32y 10 1% 17% 3% 112% 6414 Pere Margq pr pf 820 12% Pet C'p of Am a90c_ %- Y Rap Tr (d)._ 8% Phila Rap Tr pf (d) 1% Phila & Read C& 1. 66 Phillip Morris (3).. 7% Phillips Jones ___. 38'% Phillips Pet (82%). 5% Phoenix Hosfery. 8 Pierce Ol p! 1% Plerce Petroleum _ 49% Pirelli Co A (a3.13). Tt Pitts Coal 744 Pitts Screw a62%e_ 231 Pittsburgh Steel Co 49 Pitts Stee pf 14 Pitts Term Coal pf_ 2% Pitts United Corp.. 584 Pitts United C pt. 21 Pitts& W Ve 11% Plymouth O11 (+1)_. 12 Poor & Co (B) 4'4 Porto R Am Tob A 1% Porto R Am Tob B._. 6% Postal Tel&C pZ (d) 174 Pressed Steel Car . 17% Press Stl 1st pf 25c. 57% PressStl 2d pf 2% . 40% Proctor & Gam (12) 122'4 115% Proc & Gam pf (5) 50% 39 PubSveNJ (12.40) 113 103% PubSve NJ of (). 144'3 128 PubSve NJ of (7). 112 Pub Sve E&G pf(5). 28% 11 103 PureO118% pf 9% Purity Bak (+40c) . 16% Quaker Sta Ref $0c. 9% Radlo Corp .. 6813 Radio Corp pf A I“ 5 Radlo-Kelth-Or (d) 11 R R Sec [ll Cent _. 287 Raybestos-M t1%_ 35'4 Reading (2) - 37 Reading 2d pf (2) .. 97 Real Silk Hoslerv 65% Real Silk pf (310%) 12% Rets (Robt) 1st of 12% Reliable Strsas0c. 17% R Rand (t60e) _ Rm Rnd pf ww 4% 4l 1ieo Motor Car 167 Renublie Steel 77 Repub Steel pfal2_ 78% Kep St pr of A (6)- 10 Revere Copper - 24'% Revere Copper (A) 90 Revere C&B pfa3iy 221 Reynolds Met (t1) 25 Reynolds Spring 11 50 Revnolds 1ob B (3) 1915 Ritter Dental «+1) . T4% Ruberoid Co (t1) _. 27 Safeway Stores(12) 96 Safeway Strs pf(5) ll“- 110% Safewav Stre pf (7) 50% 22 StJoseph Ld (al).. 3% 1'3 St L-San Fran (d). 2% St L-San Fr pf (a)_ 77 St L Southw'n (d) .. 11 Savage Armsal) 37% Schenley Dist (13)_ 93 Scueniey D pf (53%) 1% Schulte R Strs (d)_ 78 Schulte RS pt (d)- 53!3 Scott Paper ____ _. % Seaboard Afr L (d) 2 Seaboard A L pf(d) 301 Seaboard Ofl (1).__ 31 Seagrave Corp 59% Sears Roebuck (12) 15% Servel Inc (t1) 208, Sharon Steel (11.20) 4% Sharpe & Dohme 11' Shattuck F G(150¢c) 30% Sheaffer Pen (2) 14% Shell Un Ofl (a25c). 12:‘; 102 Shell Un Ofl f 6% 8%, Sliver King (60¢)._ 19% Simmons Co (ll)... 313 Simms Petrol —___. 194 Skelly Oft = 97% Skelly Ofl pf (8) __ 54 Sloss-Sheftield S 667 Sloss-Sheff pf (7) - 40% Smith (A O) 17% 125 Socony Vac Ol a70c 114 110 Solvay Am pf (5%) T4 3% So Am G & P(a3lc) 3513 26 South Port S (12) - 3213 25 SoCal Edis (11%)-. 47% 23'; Southern Pacific . 26's 12% Southern Rallway. 544 19 Southern Ry pf 34 So Ry M&O ctfs (4) 6% Spalding (A G) 63% Spalding(AG)1st pt %, Sparks Withington 67 Spear & Co (a50c) .. 29% Spencer Kell (1.60) 157 Sperry C'p vte (al). 13% Spicer Mfs (a3) 44 Spicer Mfg pf (3) Spiegel. Inc (b25c) Spiegel Inc pf (612) 21% Square D (B) al% . 14% Stand Brands 180c_ 1207 Stand Brands pf(7) 9% Stand Com Tobacco 54 Stand Gas & E) (d). 9'5 Stand G&E $4 pf (d) 26% Stand G&E $7 ot (d) 2 Stand Inv Corp ___ 35 StanaQofcCal(11). 32% Stand Oll of Mma t1. 511 Stand Oflof NJ (t1 24% Starrett(L S) 11.40. 65 Sterling Prod 13.80 16% Stew- Warner t60¢c Stokley Bros(b20c). % 14% Stone & Web (a25c) 15% 9% Studevbaker Corp 125 118 Sun Ol pf (6) 27 Superheater (150c). o-« 3 Superior Ol 42% 9% Surpertor Steel 37 23 Sutherlnd Pap 11 1213 68 SweetsCoof Am 26% 20% Swift & Co (11.20).. 36% 28% Swift Intl Ltd «2) 20% 15 Symgton-Gould ww 12% Symingtn Gould xw Talcott (J)(bl5e) Talcott (J) pf (2%) 6% lelautograpn (6uc) 58 Tennessee Copalbc 28% Texas Corp'n (1) 4% Texas Gulf Pr (abe) 33 Tex Gulf Sul (t2) . 714 Tex Pac C & O a25e. 9 Texas PL T (al0c). 337% Thatcher Mfg (t1). 8! Thermold Co - 3% I'hird Avenue 8% Thomp'n (JR) t50c. 24% Thomp Prod (al1%) 4% Chompson Starrett 26 Thompson Star pf 14% Tide W Asso O 60c.. 106‘1 100% Tide Wat A O pf(6) 12% Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica *40c 14% Trans&Wn Air a25e 10% Cransue&W (160c). 744 Tricontinental as0c. 4% Truax-Tra C(a2bc) T4 Truscon Steel 2215 20th Cent FF(11%). 313 20tn Cent F pf 1% 8% Twin ity R T 65% Twin C R T pf(al4) 2% Ulen & Co 74% Und-Ell-Fish(a2%) 38% Uniun Bag&Pap (2) (1% Union Carb & C 3.20 20% Union Ol Calif (1) x 11 26 28! uou 108% Union Pacific «6) 904 Union Pacific of (4) 22% Union Tank 20% Unit Alrcraft aS0e... 13 Utd Afr L (a20c) - 16% United Am Bosch 2414 United Biso «1.60)_ Il7 111 United Bisc pf (7). 96% 68 United Carbon (13). 35% 22% Unit-Carr Fast(12). 9% 5% United Corp (a20c). 48% 40% United Corp pt (3 16% 10% United Drug (a75c) 29% 156 Unit Dyewood(1) . 105 93 United Dyew pf (1) 8% 4 United Elec Uoal 50% 3214 Unit Eng & Fy (12) 87 66!3 United Fruit (t3).. 19% 14% United Gas Lmp (1) 113% 109 United G Imp pf (5) 135 6% United Paperboard FINANCI Net Low Close. Chge. 2% 271 + 6% 7 + 10 104 + 14% 15 45 4% 4% — l 10115 101'% 10|‘§ + 6 5% 8% 69 4 27% : 56 10% l 15% u 9% 1 5 21 2 50 1008 114 114 5 55 614 AL. STOCKS ADVANCE ONBROAD FRONT [Motors and Steels Assume Lead in Brisk Rise—New Peaks Appear. Stock Averages Indust Rafls. 000 !!kl +6 +2 +.1 5 98.1 975 943 157 99.3 134 763 Net change. ‘Today. noon Prev. day... Month ago. Year ago_ . 1936-7 high- 1936-7 low. 403 40.1 369 327 435 30.2 312 53 3 532 508 46.7 540 434 447 495 185 216 175 87 239 1929 high...1469 153.9 1843 157.7 1927 low.... 516 953 618 618 723 (Compiled by the Assoclated Press.) BY VICTOR EUBANK, Associated Press Financiai Writer. NEW YORK, January 20.—Motors and steels led the stock market in a speedy recovery move today that landed favorites up 1 to around 4 points, with a number attaining new | highs. ‘The upturn was attributed partly to a better outlook in the labor sector In the frequent flurries the ticker tape was often behind, once as much as 5 minutes. Transfers approximated shares. The forward trend developed at the start as overnight news disclosed set- 3,300,000 W 1y 1a | s L 5 % +1% T2 = + Wl + % + 1 + hH - -t 4+ W wl .‘\ P W | \ x. i | 28 103'5 104 134 13% 50 53 4% 4% 45% 46y 100% 100% 130 132 115 115 52 53 17 16% 167 | 111% 111% 111% 4 4% 38% 37's 31% 31 497 48% 27% 5214 6518 4+40t1#¢|0“1flr 2 1008 132 115 63 5 + T + 13 +1% dnlmn on the ‘cotton mATker tlement of the strike at the Briggs | Manufacturing Detroit plant. The | | fastest push of the day followed word workers' dispute had been adjusted Automobile manufacturers use the products of both these concerns. In addition cheerfulness was evoked | by the prospects of Federal authorities arranging a peace meeting at Wash- ington between President Sloan of | General Motors and Labor Leader John L. Lewis. U. S. Steel reached its best level for | the past 6 years, up about 4 points This issue derived some of its stimu- lation from hopes arrears on the pre- | ferred will be cleared up soon and i put the common in line for dividends | Coppers came back as prices of the red metal stiffened in London. Rub- ber company shares stepped up, as did a few rails. Electric equipments and a wide assortment of specialties were out in front. The utilities were hesi- | tant. | The President's inaugural addre:s was read with interest in the board rooms, but it was said to have been about in line with expectations, NEW YORK COTTON B! the Associated Press. NEW YORK, January 20.—Early losses of 5 to 9 points in cotton today under Western selling were recoverec on renewed outside buying. A constructive view of the Presi- dent’s inaugural message and a shary rally in the stock market attracted de- mand for cotton. May advanced from 1220 t6 12.2¢ and was selling at 12.27 in midafter- noon, with prices generally net un- changed to 2 points lower. Jofutures clokd steacy. 1 higher to 2 March May July October - Decemoer | January Spot_quiet n—Nominal Cottonseed Oil. Bleachable cottonseed oil closed steady. March. 11.40: May 11.50: July, 11.55; September, 11.51b Sales. 228 contracts including 2 switches. b—Bid. New Orleans Prices. NEW ORLEA i . —Oven. ing prices were points lower in quiet his morn- L\tmnn was off 5 penny points in late dealings. and some easiness cropped out in | domestic markets. 208 109% 109% 109% 2 437h 43% 437 36 16% 157 16% 308 127 127 127 8 1% 11% 11% 31 13w 121 128 21 28% 28 3 68ly 671% 2 3% 3, 17 45% 454 12 484 48 36 694 687 1 8% 37 4 T34 T24% 7 19% 18% 6 17'3 16% 27 31% 29% 373 16% 159 30s 124 124 5 58% 574 17 5% 4 4m 6 364 6 20% 27 264 5833 42 23% 15 17% 3 Uy 108 56% 1 8 24 13% 20 52l 160 9% 7 4l 23 16 150 144 2 37 124 12 4 ™ o - 6 26% 168 8 8% + % | 21 38t 37Th +1% | 13 20% 200 + % 10 106% ws\« 106% — 3 2% 24% + % % T+ % | 16 164 19% 20 + 4% 23% 24% +1% 10m 101 + W 10 10 + % 234 24 +1% 37 3TH + % 4615 47 +214 16% 16% + % 93 5% 96 67% 3% 45% 48 69 37 1214 194 17'% 3l 58!y 39% 35t 17t 26k 318, 22% 16% 14 56 8% 12% 134% B1% 51% 8 9 397 40k 15% 16 135 14 37w 374 124 — T + 13 264 40 36 17' 26% 31% 23% 17 14% 56% 8l EFRGEEETEFF Fhb R b ‘c | 5% 95 66 — 1 m“fi 105 +1 25% 25 + W 5 131% 130% 1305 — 35 3 99 99 99 2 29 28% 18 304 20% 95% 66% 15 105 28% 304 + & g:m + % 28% 28% - 4 116 116 86% 31% % 45% 15% 24% 7% T 49% 82% 167% 11218 10% 11124 4 ll\fi (Continued on Pm A-a1) | lower 9+l W March opened at 1276, A July at 12,10 and October at 11 Heavy rains feil in the Easter: | gaSoutonseed oil ‘futures ‘opened steads: Januars. 10.80b: Ma 10.8 JL10: July. 11000 September. 10400 Liverpool Quo LIVERPOOL. January 11.000 bales. including Spot in_fair demand quotations in_ strict 'good middling prices # points pence: American. 1: good middling. middling i: low mid- good ordinary, 6.14; Futures ' closed : Mas. i Decem: BY tke Associated Press. CHICAGO, January 20.—In late dealings today, wheat prices rallied and showed fractional advances, with new crop deliveries taking the lead Predictions of severe cold weather caused anxiety about domestic Wintcr | wheat. This was the case in partic- | ular regarding central areas where there has recently been much rain At the close wheat was 3, off to !, up compared with vesterday's finish May. 1.30a1.30'x; July, 1.13%:al.14; 'sa'; down, May, 110%:a%; 1.05';; oats at '4a%< decline, strict low middling. N4l strict s | July, | and provisions unchanged to a set- | back of 12 cents. MUHEAT— Open. 1.0015 1612 July Chlcln Cash Mnket. Cash wheat. No. 1. hard, mixed, 1.12!2: No. 4, mixed, 1.08 1.10%: No. 3, yellow, 1.12a1.13; No. 4, 73,a1.1212; No. 4, white, oats, No. 1, white, 54%a . . 2, white, 54; No. 3, white, 53; cereal, 52; soy beans, No. 2, yellow, 1.61; barley feed, 80a1.00 nominal; malting, 1.00al.42 nominal; timothy seed, 6.00a6.25 cwt.. new, 5.75a6.00 clover seed, 26.50a33.50 cwt. Winnipes Prices. WINNIPEG. January range today: ‘lhat the Pittsburgh Plate Glass Co.,