Evening Star Newspaper, January 25, 1937, Page 12

A—12 kewxn Noted Speakers Announced for 18th Session, to Be Held in New York. BY EDWARD C. STONE. ‘Washington bankers expressed deep interest today in the program of the eighteenth Midwinter Conference of the Trust Division, American Bankers’ Association, to be held in New York February 9, 10 and 11. The speakers as announced by Blaine B. Coles, head of the division, include several nationally known financiers. Tom K. Smith, president of the A. B. A, will speak on “The Outlook for American Trust Business.” Presi- dent Coles will discuss “Trusts, Life Insurance and Security.” Another speaker will be Theodore M. Riehle, president of the National Association of Life Underwriters, on the subject, “The Public's Interest in Trust Service.” Gilbert T. Stephenson, an expert on trusts, will talk on “Trust Business Problems,” and Robertson Griswold, vice president of the Maryland Trust Co., will preside at one session. An jmportant address will be given on| “The Changing Status of Railroad| Bonds,” by Fairman R. Dick, chair- | man of the Committee on Railroad | Securities, Investment Bankers' Asso- | ciation. The Harvard Law School will | furnish a speaker in the appearance | of F. W. Scott. | James C. Shelor, Atlanta, Ga., has ! the topic, with several others, “What | Is Being Done to Put Trust Business on a Paying Basis." Charles A. My- lander, Boston, chairman of the A. B. A’s Taxation Committee, will appear on the program, taking up «Present Trends in the Taxation of Estates.” Several economists also are to be heard. New General Agent Named. “The Kansas City Life Insurance CO. has announced the appointment of H. F. Gemme as general agent for the District of Columbia and adjacent ter- ritory. Mr. Gemme has been with the com- | pany for 11 years, during that time an | outstanding individual producer. For many years he has been the leading producer for the company east of the | Mississippi River and during 1936 his personal production was in excess of one million. In that year he led the entire company in individual produc- tion, both written and actually issued | business. | The annual report of the Kansas| City Life Insurance Co. indicates some | substantial gains. Its insurance in force at the end of 1936 was $435,- 702,000, as against $385,000,000 at the end of 1935. Its total resources re- ported at the end of 1936 are $101,- 636,089. The company paid out to its policy holders and beneficiaries | during 1936 a total of $3,165,117, as against $6,853,645 during 1935. Brokerage Firm Keeps Name. Business of Stein Bros, & Boyce| will be carried on under the same name by the surviving partners, in accordance with arrangements pre- viously made, it has been announced following the death of Julian S. Stein. Surviving partners include C. Prevost Boyce, Henry C. Evans, William T, Childs, William S. Wilson, C. Newton Kidd, Milton S. Trost, Loring A. Cover, jr.; Fitzhugh J. Dodson and Robert S. Lansburgh. The firm has maintained a Wash- ington office in the ‘Woodward Build- ing for several years. The head office is in Baltimore and the company also has a New York office. Bankers at Baltimore Dinner. An unusually large delegation of Washington financiers attended the annual banquet of Baltimore Chapter, American Institute of Banking, Sat- urday evening. Among those from | the Capital were: | 1. I Chorpenning. chief national | bank examiner for the fifth Reserve | district; Lawrence Clayton, assistant | to governor of Federal Resecve Board; Joshua Evans, jr, Hamilton National; Joseph R. Fitzpatrick, Second Na- | tional; G. Elmer Flather, Union Trust Co.; Albert C. Gatley, Lincoln Na- tional; R. Earle Haycock, Riggs Na- | tional; William H. Laughlin, Wash- ington Loan & Trust Co.: Katherine | McCalmont, J. Earle McGeary, W. B. Hibbs & Co.; John K. McKee, gov- ernor, Federal Reserve Board; Helen C. Oehman, Frank M. Perley, Ameri- can Security & Trust Co; L J. Rob- erts, Riggs National; Walton L. Sanderson, R. A. Sisson, Hamilton National; E. Wallace Schreiner, Alex- | andria; Paul J. Seltzer, American Security & Trust Co.; George 8. Sloan, Federal Reserve Board; ‘Wilmer | J. Waller, Hamilton National, and | Robert G. Whitton, First National, xandria. A]’erhere were 700 at the dinner and the program Was highly enjoyed by the Washington contingent. Banks to Assist Red Cross. Thomas J. Groom, vice president of the District Bankers’ Association and vice president of the Bank of Com- merce & Savings, announced today that the banks in *yashington have complied with a request from th_e Na- | tional Red Cross Society and will re- ceive subscriptions and funds intended for the stricken flood areas of the Mid- dle West. Practically all the banks had ar- | ranged to receive such subscriptions this forenoon and the others were pre- paring to co-operate in the same man- per. Some of the banks had s.lrea_dy revived subscriptions to the relief funds. The city's financial institutions will follow the same procedure as they adopted at the time of the floods last B Sroom reported that the bank- ers of the Capital had shown a desire to assist in every way possible in handling the relief and hope to be able to turn over substantial sums as @ result of the Red Cross national ap- peal for uelp. Heard in Financial District. Thomas C. Montgomery, president of the Bond Club of Washington, said today that more than 40 mem- bers of the club and 30 bankers have already asked for reservations for the Midwinter dinner at the Mayflower Thursday evening. He looks for many more reservations before “the books close.” Daily average sales of grocery chain stores for December showed prac- tically no change in dollar volume from December, 1935, but were 6 per cent above the same month of 1934, according to preliminary estimates of the Bureau of Foreign and Domestic Commerce, Department of Commerce. The S. E. C. has set March 4 for hearing on applications of the Boston Stock Exchange for extension of un- listed trading ‘o Bethlehem Steel com- mon and Studebaker common. Capital Transit stock again sold on the Washington Stock Exchange to- day at 16, the new high mark for many months, reached a few days ago. The sale was a 50-share block. The stock closed with 1534 bid and 36 asked, >, 121Y% 35 22ty 2978 15 65% 161 T4l 7 4%, 28% 10814 1534 146 T4 145% 36 63% 268 1908 1024 104 150 18% 2915 148 50 110% 104 9013 63% 183, 22 277 881y 107 ) 314 54% 35% 118t 85 304 54k 104 461 9% 9 261 41k 49% 106 20 135'% 38 26% 12% 51% 57 244 22% 115 15% 43 98 324 40 86 394 12% 57 24% 12 5% 19% Té% 52% 100 % 3% 89% 13% 46% u3 47% 90t 134 58 , 21% 66% 48 45% 84% 1936-37 gh. FINANCIAL. By Private Wire Direct to The Star. 2:16 p.m. Stock and Dividend Rate. 9% Adams Exp (abbe).. 17% Adams Millis(a1%) 1% Advance Rumiey... 58 Alr Reduction (11). 2 Air-Way Elec Appli 13 Alaska Jun (160¢).. 214 Alleghany Corr 12% Alleg pf w $30 W 27 Alleg pr of «d) 267 Alleg Steel (a1.65)- 1567 Allled Chem (6) 23 Allied Mills (b50¢). 6% Allied Stores(b20c). 69 Allied Stores pt (5) 35% Allts-Chaim (t133). 19% Alph Port Cmt (1)-. 4 Amal Leatner Amal Leath pf (3)- Amerada Corp (2) Am Ag Ch (Del) a4. Am Bank Note (11). Am Bnk Note pf (3) Am Brake Sh (12)-. Am Can (14). Am Car & Foundry._ 57% Am Car & Fdry of .. 31 Am Chain&Cab(a4). 111 Am Chain &C pf(5). 27 Am Coalof Alleg. 7% Am Colortype 20% Am Comel Al (a50c) 164 Am Crys Sug(b50c) 3's Am Encaustic. . .. 6l Am & Foreign Pwr. 256 Am & For Pw $6 pf. 29% Am & For Pw 87 pf. 12 Am & For Pw 2d pf_ 13 Am Hawahan (1)_. 4% Am Hide & Leather 31 Am Hide & L pf (3) 37 Am Home P (12.40) 2's Am Lce S 16's Am Ice f (2) 9% Am Intrnat'l (a40¢) 231y Am Locomotive 66 Am Locom pf (a3) .. 21 Am Mach&Fdvirl) 10 Am Mach & Met 60c. 27 Am Meta: £ 75 Am Power & Light- 36% Am Pwré&Lt pf (5)- 43 Am Pwr&Lt ot (6)- 18% Am Radlator(t60c). 23% Am Roll M (11.20) 31 Am Saf Razor (12). 18 Am Seating(aZi)-. 25% Am Shipbldg (2)___ 56% Am Smelt&Ref (3)_ 104 Am Smé&Ref pf (6)- 1365 Am Sm&Ret pf (7). 133%, Am Snuff pt (6)___ 2013 Am Steel Fdry (a1) 107% Am Steel Fy pt (7). 243, Am Stores (2).. 481 Am Sugar (2). - 20% Am Sumatra Tob t1 149'3 Am Tel & Teleg (9). 87 Am Tobacco (5)--.. 8813 Am Tobacco B (5)_. 136 Am Tobacco pf (6)- 873 Am Type Founders. 19's Am Wat Wks a40c_. 7% Am Woolen £ 528 Am Woolen pf (a4). 2, Am Writ Paper (d) 4'» Am Writ Pap pf (d) 3% Am Zinc & Lead 24 Am Zinc & Lprpf.. 28 Anaconda Cop (11). 15'% Anchor Cap (60¢) 97 Anchor Cap pf(6%) 3 AP W Paper 37 Archer-Dan-M (12). 105% Armour Del pf (7) - 4% Armour (111) bl0c - 661 Arm'r(1ll)pr pt «6) 47% Armstrong Ck 1% Ti Arnold Const(b30c) 81 Artloom Corp . - 12% Asso Dry Good: 59 Atch To& S Feal_. 90% Atch To&S Fe pf(5) 21% Atl CoastLine(al) 11 Atl Gulf & West Ind 18% Atl Gulf&W I pfai. 26% Atlantic Refin (11). 109 Atlantic Ref of (4). 48 Atias Powder (12)_. 14 Atlas Tack (1) 26% Auburn Auto . 5% Austin Nichols 5 29%; Austin Nichols pf A 4% Aviation Corp (Del) 214 Baldwin Loco (0) - 2% Baldwin Lo asd(d). 157 Baltimore & Ohio__. 21 Baltimore & Oh pf_. 39 Bang & Aroos (2%) 105 Bang & Aroos pf(5) 21 Barber Co (a75¢) --- 13'% Barker Brothers 41 Bark Bros pf ) - 14% Barnsdall Oil (1) 16% Bayuk Cigars t75¢c_. 18 Beatrice Cream(t1) 13 Belding-Hem (1) _ 21% Bendix Aviat(al%) 48 Best&Co (72%2).-- 45% Bethlehem Stlall. 16's Beth Sti 6% pf(1).. 107'; Bethlehe Stl pf(7)_ 181 Black & Decker 25¢ 14'3 Blaw-Knox (a80c)-. 167 BoeingrAlrplane 40% Bohn Alum&Br (3) 39 Bon Ami (B)b62%¢c 25% Boiaen Co (1.60) ... 64 Borg-Warner (4). 6 Boston & Maine 1'3 Botany Min A (d) - 12% Bridgp't Brass 1400 43% Briggs Mfg (12)_ 47 Briggs & Strat (3) 41 Bristol-Myers 12.40. 40% Bklyn-Man Tr (4) - 97% Bklyn-Man T pf (6) 413 Bklyn & Queens 3313 Bklyn&Queens pf a3 44% Bklyn Un Gas (3).. 8% Brunswick-Balke__ 873 Bucyrus-Erie 107!s Bucyrus-Erie pf(7) 9% Budd (EG) Mg 8% Budd Wheel (a20c). 20% Bullard Co (a1%)-. 11% Bulova Watch 25 Burr Ad Mch(160¢) 2% Bush Terminal (d). 8% Bush Term deb (d) 14% Bush T Bldgs pf(d) 7% Butler Bros (a60c) 29% Butler Bros pf 1% _ 2% Butte Cop & Z(abe). 164 Byers (A M) 54' Byers (A M) pf_ 22 Byron Jackson t1__ 30% California Pack (2). & Callahan Zinc-Lead 6 Calumet & Hec a760 30 Campbell Wy (11). 10% Canada Dry G A. 54 Canada Southn (3). 10% ‘‘anadian Pacine 37 Cannon Mills (a4) . 12% Cap Admin(A) (al) 91 Car Clin&O stpd(5) 6% Carriers & Gen al5c 9213 Case (J 1) Co (4)__ 116 Case (J 1) Cop» (7) 54% Caterplllar Trac $2. 21%, Celanese Corpalis. 19 Celotex Corp 54 Celotex Corp pf (5). 25% Cent axulre (T1%) 6% Central Foundry Co Central 111 Light pf. 85 Central Ritol NJ 22% Central Violeta Sus. 613 Century Rib M bl0e. 4T% Cerio de Pasco (4) 8% Certain-teed Prod_.. 57% Certain-teed pf (6). 19 Champ Pap & F (1) 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80). 1% Chi & East Il (d)__. 27 Chi & East 111 pf(d) 1% Chi Grt West (d) ... 4 ChiGrt Wopf (d)._. 25% Chi Mail Ord(t1%). 1% Chl M1l St P&P (d). 27% Cht M St P&P pf (d) 25 Ch1 &N W (d)_ . 6% Chi & N W pt (4).. 12% Ch1 Pneumatic Tool 40% Chi Pne T pf (a3%). 1% Chi R 1&Pac «d) 3% Chi RI&P 6% of td) 19% Chi Yellow Cab (2). 17% Chickash Cot Ofl .__ 7 Chiids Co 85% Chrysler Corp(al2) 15% City ice & Fuel (2) 2% City lce&F pf (6%) 4% City Stores 23% Clark Equip(11.60). 107% Clev El (1lu pf 4% _. 33 Clev Graph Br (2) . 48 Cluett Peabody (3). 84 Coca-Cola (12) . 39% Collins & Ak 13 28% Colo Fuel & Iron._ 19% Colo & Soutb 1st pf 14 Columb G & Ead0o. 90% Col G & EpfA (6).. 31 Colum Piect vto (11, ) 2 38 37% 37 2442 Comol Credit (14)-.1 - 24 £67% £66% £67% O Sales— Add 00. < 65 17% 33 84% 338 25% 20s 42 12 95% 2 106 1152% 10s 146 11 695 68% 6508 11433 114% 82 5dln 10 23 10s 107% 107% 3 9, 9% 2 43 423 1 1104 1104 152 915 9% 2 8 88 625 61% 14% 14% 167 16% 2 20% 11 4 11025 102 10 46% 454 121 27 1 425 42% 126 35% 34% 2 11413 114 1 80% 80% 175 3y 5% 41% 81 9t 814 22 36% 36 3 42 42 30s 105% 105% 14 38% 3% 31t 41% 343 19% 26% 14% 20% 57% 9% 19% 2 1508 135 18% 55% 48 46 4 % 50 11013 101% 4 Th % 2 35% 35% 3 50% 50 6 23 22% 40 22% 21% 208 11415 114% 29 13% 13 10% 10% 41% 0! 1 8 % 159% 1584 129 128% 98 9% 30% 29'% 39 38% 80s 81% 8l L 35 35 44 11% 10% 908 107 106 2 40 21% 11% 68% 19 4% 49 89 661 308 31 6 7 0 132 182 57% 57% 20% 20 59 58% 45% 456% 29 28 18% 184 1 105% 105% THE EVENING STAR, WASHINGTON, D. C., BANKERSTOSTUY TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE TRUST PROBLEMS - Low. Close. Chge. 65 18 - % -% 3%~ % T = b | 429 +1% 8%+ W 95 8l — 22% 36% + 42 105% + 377 — e 5 ¥ FRPEL 56% +1' 48 — % 46 -1 50 101% + % % — % 35% = M 50 =% 22% = % 22% + W 114 +1% 13k — % 10% - % 41% —1% 5% + % 34 % + % 31 +1 34 42 14% + % 3l +1 T % 30% = % 8815 - % 28% — % 4314 =% Fa=Ts 17% = % 3%+ 30k = % 603 4 % 15% = % 60% + % 174 104% + % % = % 158% — % 129 9% - % -1% - % .L T+ 11+ FOFERIELE EX FEE [RERE ] ) 132 -1 57% + % 20 - % 58% + 34 45% —1% 28 18% — % 105% % — % +1% i 1936-37 High, 128 91% 136 24% 5% 82 16% 4y 2:16 pm. Stock and Low. Dividend Rate. 100% Comcl Credit pt 434 55 Com'l Invest T (14) 97 Comcl In T pf (6%) 14% Come’l Solv (160c) 2% Comw & Southern.. 59% Comw & Sou pf (3). 7 Conde Nast Pub_ __. 307% Congoleum N 11. 15 ConnR & L of. - 8 Consol Clgar.... .. 72'% Con C pr of ww 6% % 27% Consol Ed NY t2__ 102 Consol Ed NY pr(6) 4% Consol Film 15% Consol Film pf (a2). 37 Consol Laundries.. 11%; Consol Oil (8%¢) 3 Conso! Textile (d). 2 Cons Coal (Dsl)vto. 21% Cons C (Del) pf vte 16% Container Corp 1.20 10% Contl BaKIng tA) 1% Contl Raking (B) “ 67% Contl Baking pf (8) 22 90 7014 87 123% 323% 543, 23'% 9% 153 68 184% | 136'% 215 4712 115 17% T4 26% 878 94 55% 2 8 116 1078 18% 34 15% 4074 8% 493, 36% 1064 5313 18% 355 5815 33 106 18% 7 1234 15% 60 3414 109 123t 14% 964 4% 15 6% 21% 141 41 180 49% 124 33% 43% B4d 44% 3 147 122 321 T 18% 6% 19% 194 111% 15% 8% 18% 63% Cont’l Can (13) ___. 17% Contl Dia Fibre(2). 3515 Contl Insur (+1.60)_ 2% Cont! Motors 28% Contl Oil of Del(t1) 25 Contl Steel Corp(1) 55% Corn Ex BK&TT (3). 63% Corn Prod Ref (13). 4 Coty Inc. 24 CraneCo.. - 35 Cream of Wh't (12) 15% Crosley Radloal% - 43% Crown C'k&Seal (2) 44 Crown Ck of xw 2% 102 Crown W P 1stal® T4 Crown Zelleb'k vic. 63’3 Cuban Am Sug pf__ 3512 Cudahy Pkg (2%).. 167 Curtis Publishing. 991 Curtis Pub pf (7)__. 4 Curtiss Wright 10% Curtiss-W (A) a500 59 Cushmans pf (3%). 36 Cushman Sons pt 43% Cutler-Hammer t1. 52 Deere & Co - 27 Deere & Co pf(1.40 36% Delaware & Hudson 147 Del Lack & West___ 4% Den&Rio GW pf (d) 128 Detroit Edison (t4) 42 Devoe & Rey (A) 13. 30t Diamond Mteb 11%. 3715 Dia Match pf t1%_. 18% Dist Corp Seag Ltd. 93% Distillers C'p pL(5). 19 Dixle Vortex (1%). 40 Dixie Vortex A 2% . 4 Dome Mines (12) .. Douglass Afrcraft Dresser Mfg(A 1 a3. Dresser Mfg(B) al. Duluth 8S Atl . _. 1'% Duluth S S & Atl pf. 47 Dunhili Internati _ 133 Du Pont de N a6.10. 129 Du Pontdeb (6) .. 515 Eastern Roll Mills_. 2815 Eaton Mfg (12) - 5% Eitington Schild 223, El Paso Nat G(1.60) 30% Elec Auto Lite 12.40 110% Elec Auto L pt (7). 10 Elec Boat (a0c)__. 5 KEl& Mus indal8c. 6% Elec Pw & Lt 29'; Elec Pw & Lt $8 pf_ 323% Elec Pw & Lt §7 pf_ 39% Elec Stor Bata2¥ _. % Elk Horn Coal (d) .. 173 Elk Horn C pf (d) . 110 Endicott-J of (5) 5% Equit Off Bldg bl0c. 11 EreRR = 16 Erte RR1stpf. __ 12 Eureka Vac C (30¢) 23% Evans Product(t1). 4% Exchange Buffet__. 2% Fairbanks Co. 815 Fairbanks Co 343, Fairb’ks-Morse(t1) 31% Fajardo Sugar (2).. 18% Federal Lt & Trac_. 7% Federal Mot Tr 40c. 3 Fed Screw Works.__ 2% Fed Water Sve (A). 102'3 Fedtd DScu pf 4% 38 Fidel Phoe F 111.60 2474 Firestone T & R (2) 1001 Firestone pf A (6)_ 40 First Nat Strs t2% 3015 Flintkote Co (1) 46% Florence Stove a4’y 37 Follansbee Bros (d) 32 Food Machine (1).. 24'4 Foster-Wheeler. 14 Francisco Suga 2314 Freeport SulCo (1)~ 31% Fuller Co 24 of 3% Gabriel Co (A) 11% Gamewell Co . 100 Gannett ev of ( 15% Gar Wood Ind a55c_ 815 Gen Am Inv a7se)_ 97 Gen Am Inv pf (6) - 42% Gen Am Trans'ta3. 10% Gen Baking (160c) . 7 Gen Bronze 5% Gen Cable ___. 17 Gen Cable A 70 Gen Cable pf (a7) 140 Gen Cigar pf (7) 3414 Gen Electric (11) 33% Gen Foods (2) .- s Gen Gas & Elec (A) 14 Gen G&E 6%cv pfA 19 Gen Gas&El 7% pf- §8 Gen Milis (3) - 537 Gen Motors (a4%)- 118 Gen Motors pf (5)-. 5% Gen Qutdoors Adv.. 18% Ger Outdoor Adv A. 314 Gen Pub Service.__.. 321 Gen Ry Signal (1) 2 Gen Heaity & Otil__ 261 Gen Realty & V" pf_. 38% Gen Refrac (a3%)- 32% Gen St) Casung pf 17 Gen Theatre E (a2). 30% Gen Time Inv (1)_ 13% Gillette Saf R (t1). 70 Gillette S R pf (5). 6% Gimbel Bros .. 391 Glldden Co (2) ... 52% Glidden cv pf(2%).- 37 Gobel (Adolf) . 6% Goebel Brew (120¢) 13% Goodrich (BF) (a)) 74 Goodrich(BF)pf(5) 21% Goodyear 1 & R 100 Goody T&R cu pf5. 87 Goodyear $7 pf ¢4) - 815 Gotham Silk Hose_. 77 Goth Silk Hptf (7). 2 Graham-Paige 1% Granby Cons (new). 314 Grand Unlonctfs _ 16 Grand Un pf (al%s). 24% Granite City Stl (1) 281 Grant(W T)(11.40). 82% Grt Northeyn pf 16 Grt North'n Ore (1) 31 Grt Wt'nSug t2.40_ 22 Green (H L) (11.60). 14% Greyhound (180¢) - 1% Guantanamo Sugar. 24 Guantanamo Sug pf 30% Gulf Mobile & N pf. 28% Gulf States Steel __.. 32% Hack Wpf A (1%). 6 Hall( WF)Printing. 14 Hamilton Wateh 30% Harb-Walker (12)_. 12 Hat Corp of Am (A) 4% Hayes Body —- 12% Hecker Prod (60c). 117 Helme (G H) (16) . 25% Hercules Mot (t1) . 84 Hercules Pow a5%_ 30% Holland Fur (a1%). 108 Holland Fura pf(5) 9 Hollander & Son(1). 19% Holly Sugar (12) . 366 Homestake (112). .. 39% Houd-Hersh(A)2%. 22% Houd-Her (B) t1%. 54% Household Fin (4) .. 66% House Fin pf(4.68). 6% Houston Ot vte. . 48% Howe Sound (13)... 3% Hudson & Manhat._. 13% Hudson Motor Car. 1 Hupp Motors. . 18% (llinols Central. . 30 Mlinots Cent pf (A) 58 11 Cent Ise lines (4) 4% I[ndian Refin (a1) _. 25% Indu Rayon (11.68). 106 Ingersoll-Rand(13) £8% InlandSteel (13)__. 6% Lnspiration Copper. 5 InsSh Mdcfsa20c. 10% Inter Rap T vtc (d) 2% Intercontl Rubber... 9% Interlake Lron 160 Int Bus Mach (16).. 56% Int Harvester 3% .. 2% Int Hydro Eleo (A). 4% Int Mercantile Mar. 10 mtl Mining (a90c)— | . Sale Add 00. High. Low. Close. Chge. | High. e Net 1 ugu'nm 112 +1% 8 120 7 20% 3 4 46 42 15 19% 3 — 3% 3% 0% 16% 40% 214 17% 89 4814 16 51% —1% L+ 1+ 444010 5 L (i) T+ 01+ +4+ & + FPFEF 55% 185 182% 110 109% 18% 12% 8% Th 8 76% 80 +3% 116 120 +3 19% % Y + % A % FOFEFEFES ¥ FRFEAEFEE F 16% 16% - 164 — % 66% 23% 14% 8% 1036-37 Low. 2:16 p.m. Stock and Dividend Rate. 48% Intl Nickel (21.30) _. 3% Int Paper & Pw (A) 2% Int Paper & Pw (B). 1% Int Paper & Pw (C) 20% Int Paper .- Pwpf_. 37 Intl Print Ink (12).. 19% Int Rwy Cent A pf.. 23 Intl Salt (+1%) 47 IntShoe (12). 15 Int Sliver _ —— 50 IntlSilver pf (ad)_. 11% Int Tel & Tel 10% Intersta D S (b2%). 16 Intertype Corp (1). 24% Island Creek (2)... 5815 Jewel Tea (14)_ 88 Johns-Manville(13) 12615 121% Johns-Manv pf (7) 133 175 644 110 % 62% 9% 265 13115 112 15% 95'm 6% 29% 9% 164!y 37% 107 32% 284 244 310% 17% 35% 59 36% 57 5% 19% 597 25 19% 45% 136 20% 8344 164 23 15 32% 29% 39% 41 58% 47% 152 26% 133 20% 4% 85 97% 109% 28% 198 25% 50% 3% 12% — % | 101% - %| 20 75% Jones L 7% pfad¥% 13 Kans City Southern 19% Kans C S pf (al1) 80 Keith-Alby-Oal2ly 16% Kelsey-H (B) al%_ 28Y% Kennecott (a1.70) _. 17% Keystone S&W blic 3% Kinney (G R) Co 30 Kinney(GR)pf(al). 4% Kresge Dept Strs Sales— Add 00. 12 28 7 19 17 3 3 20 6 2408 1 74% Kresge D S pf b20__x 108 20% Kresge (S8) (t1)_ 35% Kress (S H) (1.60). 19% Kroger G&B(11.60) 32 Laclede GasSt L pt 15% Lambert Co (3) . 12 Lee Rub&Tire(50c) 15% Leh Port Cmt (1%) 9413 Lehigh Por C pf (4) 2 Lehigh Valley Coal 9% Lehigh Val Coal pt. 815 Lehigh Vailey R R_ 12 Lehn & Tinkall . 37'% Lerner Stores (12) 4T% Libby-Owens-G1(6) 7 Libby. McN& Lal. 25 Life Saver (11.60)_. 97% Ligg&Myers B (14) 160 Ligg&Myers pf (7). 25% Lima Locomotiv 36 Link Belt (12) . ___ 3214 Liquid Carb (2.60) . 43 Loew’s Inc (12) 104 Loew’s Inc pf (634)- 2 Loft Inc. . 4 Lone Star C 3% Long Bell Lum (A). 21% Lorillard (P) $1.20. 140 Lorillard (P) p£(7). 13 LaOfl Ref pt (d)... 20 Loulsv G&EpfA 1% 57% Louisv & Nash b213 221 Ludlum Steel (11)_. 29 M 11 Corp (12) .. 12% McCrory Stores- 92 McCrory Stra pf( 16 McGraw-Hill 12%¢- 38l Mclntyre Porcu (2) 83'% McKeesp't TP (14) - 8% Mciesson & Rob . 37% McKess&Rob pf(3). 1115 273 40 8% 3415 1% T Mack Trucks (t1)_. Macy (R H) (12) .. Madison Sa G 160 Magma Copper (a3) Manatt Sugar (d) .. Manati Sug pf (d) .. Man El md gtd (d). Manhat Shirt (1)__. Maracaibo O1l Exp_ Marine Midl'd t40c- Market St Ry Market St Ry pr pf.. Marlin-Rock (12)__ 4 Marshall Fleld & Co Martin Parry ... Iathieson pf A (7) May Dept Str ($3) . Maytag Co (a50c)_. Maytag 1st pf (6)-. Mead Corp Melville Shoe (15)... lengel Co . Mengel Co pf 4 Mengel Co pf ctfs__ Mesta Mach (b73¢)- 11ami Copper Mid-Cont Pet al1.15. Mid St 1st pf (8) _ Minn-Hon Ros (2)-. Minn Moline Fwr Minn-Moline pf(a3) MStP&SSMisin Mission Corp(a45c) Mo Kans & Texas Mo Kan & Tex pf A. Missour Pacific(d) Mo Pacific pf (d) . . 7% Mohawk Carp 11.20. Monsanto Chem t1_ Montgom Ward(12) Mnt Wrd rts_Jan 29 Morrell J & Co 2.40_ Morris&Essex(3%) Mother Lodeal2e Motor Prod (12) .. Motor Wheel (1.60). Mullins Mf(B)a50c Mullins Mfg pf (7). Murphy G C (12)__. Murray Corp (a50c) Nash Kelvinator(1) 3 Nashv Chet & St L._ Natl Acme (a75¢) - Nat Aviation (al).. Nat Biscuit (1.60)_. Nat Biscuit pf (7). 307 Nat B'd & Invalll. 100 N B&I pfAww al.15. 21% Nat Cash Reg (al). 21 Nat Dairy Proal’. 10 Nat Dept Stores . 25% Nat Dist Prod (12). 28 Nat En & Stpg (2)- 26% Nat Lead (150¢)___ 54 Natl Mal'ble&Stl a2. 9% Nat Pwr & Lt (60c) 75 Nat Ry Mex 1st pf_. 1 Nat Ry Mex 2d pf_. 57% Nat Steel (12%5) . 197% Nat Supply Co T4 Nat Supply pfad%- T7% Nat Tea (60c). . .. 10% Natomas (180c)_. . 41 Newberry(JJ)12.40. 9 Newp't Indusaélc... 821 N Y Alrbrake a2% . 27% N YCentral RR___. 17% N Y Chicago & St L. 3613 NYChi&StLpf.. 110 65 613 5T% 28 16% 5% 14l 21y 153 1 N Y Investors YNH&H (d) __. NH & H pf (d)_ Ontario & West Ryspf(d) . Y Shipbuilding N Y Shipbuilding pf 83 N Y Steam pt (6) 1% Norfolk Southn (d). 210 Norfolk & W (18) 6% North Am Aviation. 23% North Am Co (11).. 523% North Am Co pf (3). 237% Northern Pacific. .. 50 Northwest Tel (3)_. 2 Norwalk Tire&Rub. 12% Ohilo Ol (a60¢) - 24'% Oliver Farm Equip. 17 Omnibus Corp vte... 8 Oppenheim Collins. 24% Otis Elevatora7sec.. 123 Otis Elev pf (6) ... 124 Otis Steer = 78 Otis Stl 1st p£(5%4). 128 Owen-111 Gl (a6) - 13 Pac Am Fish (f1)-- 3% Pacific Coast. ... 8% Pacific Coast 13 4% Pacific Coast 24 30 Pacific Finan t1.80_ 30% Pac Gas & Elec (2)- 44% Pac Lighting (3) 14% Pacific Mills (al) 118 Pac Tel & Telega7. 11% Pac West O (aé5c) . 6% Packard Mot (a45c) 12% Pan Am Petr (a60c) 1% Panhandle Pro & R. N % NY NY s N Y s N McLellan St (b75¢). 22 1 22 208 6 26 145 31 908 2008 40 4 14 1 17 3 4 b 2 9 1 5 1 2 3 1 1 s 100: 4 2 44 139 . 1008 208 23 64 631 19% 18% Net . High. Low. Olose. Chge | Eigh. 63% — % 18% — % 12% = % 6% ~ % % 101% -2 42 +% 50 28% e 1125 +1Y 63% 59% 484 3% 109 3 62 9% 23% 147 31% 23% 92 314 33% 18% 98 274 404 87 13% 464 1615 463 5214 137 56 7 25'% 15% 27 5% 114 125% 10% 12% 551 363 80 15% 11 -3 64 — 3 59% — Y4 48% —1% 3% — % 109 -1 | 1 el P R e ] 1+ (N} 42% —1% T 44% 43% 208 139 139% 139% +3% 2 1 4 08 14 150% 150% 17% 17% 7% 158 20% 12 284 22% 30% 37 41 25 24% 1% 11 17 17 4% 3 18% Panhandle P&R pf- 340s 87% 77% 67 Paraffine Co (12)__. 103 Paraffine Cor pf (4). 7% Paramount Pict 59 Tara Pic 1st pf (6)_ 40% Parke Davis (a1%). 23 Parker Rust Pt1% 4% Parmelee Transp’t. 6% Pathe Film Corp 10% Patino Mines(160¢) 1% Peeriess Motor _. 60 Penick & Ford (t3). 69 Penney(J C) (a7%) 3% Penn Coal & Coke . 4% Penn Dixie Cement 28% Penn Dixte Cpf A 17 Penn G1S'd cfs ab0c 28% Penma Railroad(a2) 38 Peoples Gas Chi 12% Pet C'p of Am a30c.. 10% Pfeifter Brew (1.20) 25% Phelps Dodgeall . 3% Phila Rap Tr (d)._ 8% Phila Rap Tr pf (d) 1% Phila & Read C& 1. 66 Phillip Morris (3).. 7% Phillips Jones.. 68 Phillips Jns pt 50% 17% — % 78 =t 158 —2% 20% - % 12 284 + 22% — 31% + 37 - FFEEFFEFES 4% + % 86'% +10% 81 -1% 1036 62% 122% 52% 113 130 164 114 71 24% 22% 19% 49% 114 50% 4 16% 91 125 60t 93 42% 38% 2T 357 23% 1% 15% 574 9% 144 281 149% 31% 32% 24% 33% 96% 35 9% 48% 161 29% 105 8% 50% 87 191 14 5 23% 20 39% 169% 20% MONDAY, JANUARY 25, 1937. 2:15 p.m. 37 Stock and Low. Dividend Rate. 38% Phillips Pet (82%). 5% Phoenix H: - 70 Phoenix H pf (3%). 8 PlerceOllpf. ... 1% Plerce Petroleum. .. 284 Pllisbury Fl (1.60) 7% Pitts Coal .__ - Tl Pitts Screw ab23c._ 23% Pittsburgh Steel Co 49 Pitts Steel pt 1% Pitts Term Coal. 14 Pit 284 Pit 58% Pit 21 Pitts& W Va. 1% Pittston Co - 117% Plymouth Ofl (t1)_. 12 Poor & Co (B) 4% Porto R Am Tob A 1% Porto R Am Tob B._. 6% Postal Tel&C p? (d) 17% Pressed Steel Car__ 17% Press Stl 1st pf 25¢. 57% Press Stl 2d pf 2% _ 40% Proctor & Gam (12) 115% Proc & Gam of (5) 39 Pub Service NJ 2.60 103% Pub Sve N J pf (5)_ 113% Pub Sve N J pf (6)- 146 PubSveNJof (8__ 112 Pub Sve E&G pf(5). 36% Pullman Ino (1%)-. 16 Pure Of1. 9% Purity Bak (t40¢) - 16% Quaker Sta Ref 80c. 9% Radlo Corp 6812 Radio Corp pt A 3% 5 Radlo-Keith-Or (d) 11 R R Sec 11l Cent 39 Reading 18t pf ‘2) 97 Real Silk Hosiery . 1% Rels (Robt) 12 Reliable Strsasfe... 17% Rem Rand (160c) _ 80% Rm Rnd pf ww 4% 4% Reo Motor Car 2 167 Renubliec Steel 77 Repub Steel pfal2. 10 Revere Copper . 24% Revere Copper (A) 90 Revere C&Bpfa3ly 2215 Reynolds Met (1) 25 Reynolds Spring t1. 50 Revnolds Tob B (3) 74% Ruberoid Co (1) __. 5 27 Safeway Stores(12) 108 Safeway Strs f (§) 22 StJoseph Ld (al).. 1'5 St L-San Fran (d). 2% St L-San Fr of (4 7% St L Southw'n (d) . 11 Savage Armsal)... 378 Schenley Dist (3)_ 1% Schulte R Strs (4) 78 Schulte R S pf (d)- 38 Scott Paper. . % Seaboard Afr L (d). 2 Seaboard A L pf(d) 301 Seaboard Ofl (13 315 Seagrave Corp 59% Sears Roebuck (12) 15% Servel Inc (11) ... 20% Sharon Steel (11.20) 89 Sharon Stl H pf (6) 4% Sharpe & Dohme __ 43'5 Sharp & Dof (3%) 11% Shattuck F G(150¢) 30% Sheaffer Pen (2) 14% Shell Un Ofl (a25¢). 102 Shell UnOfl pf 6% _ 8%, Silver King (60c) 19% Simmons Co (a3) ... 315 Simms Petrol . 1914 Skelly O11 2 975 Skelly Oil pf A6) ___ 54 Sloss-Sheftield St 40% Smith (A O) .- 21 Snider Packing. 121; Socony Vac Ofl a70¢ 3% So Am G & P(ad0c; 26 South Port S (12) .. 25 So Cal Edis (f1%)-. 2315 Southern Pacific 12% Southern Railwa: 19 Southern Ry pf 6% Spalding (A G) 63% Spalding (AG)1st pf 101 Spang C C pf (al6) - 5% Sparks- Withington 67 Spear & Co (a50c) - 29% Spencer Kell (1.60) 157 Sperry C'p vte (a1) 221 Spiegel, Inc (b23c). 213% Square D (B) al% _. 144 Stand Brands 914 Stand Com Tobacco 514 Stand Gas & El (4) 914 Stand G&E $4 f (d) 24% Stand G&E $6 pf(d) 26% Stand G&E $7 of (4} 2 Stand Inv Corp____ Stand O of Cal (11). 328, Stand Oil of Mnd t1. 25 Stand Oil of Kanal 51t Stand Ot of N.J (1 24% Starrett(L S) 11.40. 65 Sterling Prod 13.80 16 Stew-Warner t50¢ 15% Stokely Bros (b20c) 14% Stone & Web (a5c) 9t Studebaker Corp. 70 SunOfl (t1) ____.. 118 Sun Ofl pf (6) 27 Superheater (150c) 3 Superior Ol 9% Superior Steel . 23 Sutherind Pap 1.60 20% Swift & Co (11.20) .. 28% Swift Intl Ltd «2) 15 Symgton-Gould ww. 12% Symingtn Gould xw 14 Talcott (J)(bl5e) - 55t Talcott (J) pf (2%) 6% Telautograph (60c) 5% Tennessee Cop albc. 28% Texas Corp'n (11). 4% Texas Gulf Pr (a5¢) 33 Tex Gulf Sul (12) . 28 Texas&PacRR __ T4 Tex Pac C & O a25c. 9% Texas PL T (allc). 33% Thatcher Mfg (t1). 85 The Fair pf (1) 81 Thermotd Co_ 3% Third Avenue o 8% Thomp'n (JR) t60c. 24% Thomp Prod (al%) 47 Thompson Starrett 26 Thompson Star pt 14% Tide W Asso O 60c_ 100% Tide Wat A O pf(6) 12%» Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c 14% Trans&Wn Afr a25c 10% Transue&W (160c). Ti4 Tricontinental a50¢ 4% Truax-Tra C(a25c) 22% 20th Cent FF(11%) 31% 20th Cent F pf 1% 8% Twin ity RT. 2% Ulen&Co . = 74% Und-Ell-Fish(a2%) 38% Union Bag&Pap (2) 71% Union Carb & C 3.20 20% Union Ol Calif (1) 108% Union Pacific (6)-_. 22% Union Tank C 1.20.. 20% Unit Alrcraft a50c.. 13 Utd Air L (a20c)... 24% United Biso (1.60)_. 68 United Carbon (13). 22% Unit-Carr Fast(12). 5% United Corp (a20c). 40% United Corp pf (3). 10% United Drug (a75¢) 15 Unit Dyewood(1)... 93 United Dysw pf (7) 4 United Elec Coal 321% Unit Eng & Fy (12). 66% United Fruit (3)__ 14% United Gas Imp (1) 6% United Paperboard. 2 U S Distributing ... 10 U S Distributing pf 13 US& Forn Secur.. 24% U S Freight (11)_ 160 U S Gypsum pf ( 8% U S Hoffman . 31% U S Indus Al 4% U 8 Leather vtc . 10% U S Leather A vtc. 21% U S Pipe & Fdry (3) 7% U S Realty & Imp.. 16% U S Rubber. 47 U 8 Rubber 1st pf__ 72% U S Smelting (a10) % 46% U S Steel 154% 9% 8% 116 1 2% 32% 49% 48% 9% 61 114% 18% 131% 86 4% 12% 19 39% 49% % 28% 115% U 8 Steel pf (7) .. . 7% Utd St Yd (a12%¢). 5 United Stores (A) 50 Univ Plet 1st pf 3% Util Pw & Lt A (d)- 1 Vadsco Sales Corp. 16% Vanadium ‘‘orp 28% Van Raalte (83%). 40 Vick Chem (12) . 4 Va-Car Chemical Va-Car Chem 6% of 109 Va El-& Pwr pf (6) 4 Va Iron Coal&Coke 114% Virginia Ry of (6)_ 70 Vulcan Detin (a8).. 2% Wabasd () ... 5 WabasbpfA (d)... 9% Waldorf Sys 11.20.. 30 Waigreen Co (3)... 26% Walker (H) (2).—- (Continued on Page 13, A Bales— Add 00. 56 72 6 47 . High. FINANCIAL. 52% 8% 72 18% 3% 30% 17% 16% 26% 30% 42% 44% 81y 58% 14 1 11 128% 1 3 3% 11% 17 3815 46% Net Low. Close. Chge. STOCKS IRREGULAR ATEND OF SESSION » Building Material Shares and Other Specialties Score Gains. Stock Averages tmduse Rilis fh st Net change. —2 —3 —3 —. Today, noon 985 39.6 Prev. day... 98.7 399 Month ago.. 93.7 37.2 Year ago... 76.7 33.2 '36-37 high__ 99.3 435 1936-7 low.. 734 30.2 763 312 - 495 216 348 ceee 175 .7 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low.... 51.6 953 61.8 61.8 s 123 725 68.7 58.5 728 55.7 56.1 53.1 534 506 474 540 434 4.1 (Complled by the Associated Press.) BY VICTOR EUBANK, Associatea Press Financ.ai Writer. NEW YORK, January 25.—Building | material stocks and other specialties edged forward in today’s market. | while many of the recent leader stood still or gave ground moderately Most speculative and investmen! forces adjourned to neutral territor: while awaiting repercussions from dis- astrous floods and further develop ments in the automotive strike. Thr activity was restricted and transfers were around 2,300.000 shares. News was hardly of the characte: to lift buying sentiment, althoug — s | Wall Street seemed encouraged by th: +2 1 -] & -1 = +2 +2 4 -1 N o = + L4+ FEFFEE 42% -1 45% + 8% 58% — % 14 11+ 284 + 3+ 3% - % 1% — 17 - 38% — 46% — XY E1VERI T vy - ++ 1 TH+ 00+ ol 3 ~ u ! American Power & Light. | fact selling was light. %| Steel issues maintained s fairl: even balance, notwithstanding esti- 14 | mates of the American Iron and Stee! % ‘ Institute placing production this we 14| at 2.7 points under that of the werk % | before. The recession was attributec % | to a few shut-downs in the high-water | sections. Many centers were operatinz 74 | Dear peak recovery levels, | Early losses of fractions to around 3| 2 points in the share list were re- 1 | duced or canceled in many instance ,. | before the close. x:‘ On the upside during the greate: <. | part of the proceedings were America | Encaustic Tiling, Long-Bell Lumber 14 | Penn-Dixie, Lone Star Cement, Su- | perior Oil, Texas Corp., American ‘bl Radiator, Commercial Investment ? | Trust, Remington Rand, Sparks-With- 1, | ington, South American Gold & Plati- 1, hum, American Telephone, Douglas 1, | Aircraft, Thompson-Starrett and Ma- 14 | rine Midland. %| In a relatively narrow area were United States Steel, Bethlehem, Gen- w ! eral Motors, Chrysler, Standard Oil 14 | Of New Jersey, General Electric and | American Can. The utilities were more than ordi- narily weary. Consolidated Edison was off about 2, and lesser declines were | shown by Electric Power & Light | Standard Gas, North American and Among others tilting downward were Ana- conda, Kennecott, U. S. Smelting. % Montgomery Ward, Sears-Roebuck | Procter & Gamble, Canada Dry, New | York Central and Southern Pacific. % % W W | ' NEW YORK COTTON W B the Associated Press, NEW YORK, January 25.—Cotton was quiet today with narrow price changes. Trade attention was diverted to a careful study of grade and location 14 | differentials issued by the Commodity 1, | Credit Corp. over the week end. May recovered from 12.29 to 12.33 3 ! and was selling at 12.32 at mid-after- % | noon when prices generally were net % | unchanged to 3 points lower. Putures closed steady. 1 higher to 8 % | lower. i il e Spot_ steady: mi n—Nominal. Cottonseed Oil. Bleachable cottonseed oil futures closed irregular. March, 11.38b; May, 11.41; July. 1145; September, 11.40b. Sales, 140 contracts, including 2 | switches. b—Bid. 8 = = BY the Associated Press. CHICAGO, January 25.— Havoc wrought by floods renewed upward tendencies of the wheat market late today, and so, too, did shrinkage of the domestic visible supply total. It was pointed out that the Ohio Winter wheat crop in recent years has amounted to about 10 per cent of the total for the country. The decrease of United States visible stocks of wheat the past week, 2,153,000 bushels, compared with only 867,000 bushels’ decrease a year ago. At the close wheat was 1487 above Saturday’s finish, May, 1.28%:a%: Juiy, 1.13%4a%; corn 'k off to 34 up, May, 109a1.09'p; July, 1.04'3a%: oats, 7sally advanced, and provisions unchanged to 7 ay Be%lémher oW 1.08% 1.00-09% My 1087, 1.06% 1.04% 1.0415-% 1.0412-% 09% 1.00% 1.06% 1.05 1.00% 1.08%% 1.06% 1.04% Juls S uly. new. old 1.00 | September OATS— 50 o : uly Dew | S BARCEY— January March May July 13 2 January E B 1o 1700 170s Chicago Cash Market. Cash wheat, no sales reported; corn, No. 4 mixed, 109)2; No. § mixed, 1.05; No. 2 yellow, 1.15; No. 3 yellow, 1.11a13; No. 4 yellow, 1.08a 12; No. 5 yellow, 1.05%a08%; No. 4 white, 1.12a13%; No. 5 white, 1.07%a10%%; sample grade, 90; oats, No. 3 mixed, 513a52%; No. 4 mixed, 5134; No. 1 white, 54%; No. 2 white, 54a35'5; No. 3 white, 52 No. 4 white, 51%; sample grade, 52; no rye; parley, 88, musty; feed, 80a1.00 nom.: malting, 1.00a43 nom.; timothy seed, 6.00a25 hundredweight; new, 5.75a6.00 hundredweight; clover seed, 27.00234.00 hundredweight. 1 14.07 % 5 % Baitimore Quotations. BALTIMORE. January (7). —Whea No % red Winter. sarlicky. b0, domes: %1 He 1417 Januan % Winnipes Prices. WINNIPEG. January 25 range today: ». % ~—Gran b % E Close. Sioes: | 1% 131% b6 1077 1082 Bt BE% Sin L 55