Evening Star Newspaper, January 25, 1937, Page 13

FINANCIAL CURB LIST TAKES UNEVEN COURSE Most Changes Fractional. Utilities and Metais Un- der Pressure. E3 the Associated Press. NEW YORK, January 25—Frac- tional swings in each direction ruffied the surface of the Curb market to- day. Part way through the final hour the majority of prices were a bit Jower. Utilities and metals feit the heaviest pressure, although the latter were a little above their lows for the day. Aluminum Co. of America was off more than 2. while United Gas, American Gas & Eiectric and United Light & Power “A" were fraction: lower. Pan-American Airways advanced more than a point and Sherwin-Wil- liams moved up nearly 4. Lead Production Shows Increase During December Bs the Associated Press. NEW YORK, January 25.—Refined lead production in the United State: in December increased to 47.085 to from 43831 in November and 42.020 in December, 1935, the American Bu- reau of Metal Statistics reported to- day. Domestic lead shipments in Decem- ber increased to 51.646 tons from 50,- 313 in November and 42,333 in De- cember, 1933 Stocks of lead declined to 172.423 tons at the end of December from 176,960 at the end of November and 222,306 at the close of December, 1935. Production last year expanded to 463.187 tons from 421.764 in 1935, while shipments in 1936 increased to 512,975 tons from 433.456 in 1935. CURB BONDS 10698 1o Comw Ed 45~ 5 Comw b Gatineau P m Gen Ryn 48 Gen Vend C m Gen Vnd C : | City 1 B Hygrade Fd 6is ‘44 S T Cent R R G5 57 1013 101 Il Pw & 50 C 107 102 106 100 101101 J04 104 10312 Miss PWAL Miss Rive 1| Derby O11 & Rer ? | Bast G&F p pf 415 100« Com Prv Tial Su Mendez P 4 Rio de Bartiag Bantiag SHORT-TERM SECURITIES. (Reported by Chas D. Bar S5 Amer. Tel. & Tel. 13 111 ‘Atlantic Refining 3. 101% kin: 10353 105 108% 558 101 10234 , 10812 ca: & C. 58 leware & Hudson b13s uluth & Iron Kange 5s Edison El gum 45 '39 | Long Isl; Fonkoie % Nook. Michisan Cent. R'R. chr)x{lcbgzkss . 45 or] ck5s e, . & West. b pnn-mxxfi Cement 1002, 10:4%5 100 10334 RUBBER FUTURES. 5 (#).—Crude X0 17 Bigher July, May. 20.72: NEW YORK BAR SILVER. NEW YORK, January 25 (#).—Bar #ilver steady and unchanged from Fri- day, January 22, at 44%. [ . | Duval Tex Sa50c - Goldfield Consol.. % / THE EVENING NEW YORK CURB MARKET 230 Storkana Sal Dividend Rate. Add 00. High. Low. Close. Grand Natl Films 66 4} 3% 8} Gr Rap Var(t60c) 9 16 16% |s Gray Tel PS (1) . 1 18% 1834 18% Grt A&P T n v 6. 200811534 115 11534 Grt Nor Pap (1) _100s 235 42% Greenfield T&D.. 17 121 123 Groc Store Prod 6 bl B Guardian Invest_. 4 i 14 Sulf Ol Panew__. 86 62% Hall Lamp (80c).. 26 7% Halotd Co (11) __ 1 2314 Hartman Tobacco 2 tecla Min (ag0c) 1844 5 Helena Rubenst'n 1% Alumn L1 cu pe- 1129 i eh or Am Airi.nes. Ine.. 5 i Mollinter G thic 15 | Holophane (a30c) L ] 4 Horn & Hardt pf 5 Al s Huason BM&S (1) 11 343 e o Humble O1l (1) . 26 86 R L Huy! pt stpd «d) 1008 | Am Cynam B t60c psal il T 0% For Pw ww 5 | b Hygrade Sylv(12) £0s 46 | Am G&E (1.40) 18 111 Pwr & Lt $6 pf 8508 | Am Gen C'p (aite) 10 Imp 01l Ltd t60c 6 ! Am Gen Cpf (2) 1008 Ind'n Ter 11 O(A) 8 | Am Hard Rub(al) 50s Indiana PL (t40c) 3 AmInvof 11 (2)_ 1 Ind Service 7% pf 608 | Am Lau Mch t60c 6 "| Indus Fin vte 2 AmL&T (11.20). 8 Indus Fin 7% pf 26s 1 Am Mg Co (a3) .. 1258 Ins Coof No A t2 100s Am Maracaibo 83 24 | Intl Cigar M 12 7 1:\m Meter (a214) Intl Hold&Inv Ltd By private 'lre direct to The Staz s Stock and Sales— Dividend Rate. Add 00. Acme W vic (2) _ Ibs Aero Supply (B)_. 4 Agfa Ansco 1 Ainsworth (@l)_.. 4 | Ata Pwrof (6) 20s Alatam Pw of (T) 10t Alliance [nvest 1 Allied ProdcA)1% 1 Alumtn Coof Am 508 Alum Am pfall%2u0s 116 Alum n Ind (40¢) 1008 114 Alum n Ltd . 1008 106 Hllh lfl' Close. n!s 20” 7% 85 41 63 1 4 8 1 4 5 1IU|1I2 9% 11034 Am Sunerpower Int H E Sep A war intl Hy El1 Scv ptf Int) Petr (113%) | Intl Products _ Intl Ut (B) | Intl Vitamin(i0c) Interst Pihel)pt Invest Royalty 6e tron Firemen(t1) irving Alr Ch (1) Ital SuperpwriA) ttal Sup'pw d rts [JacobsLCac) Jeanette Gl (80¢) ,. | Jonas & Naum 1234 | Kans City P S vte | Kan City PSpr A ! | Ken RT&L A aTic | Kingsbury Brew Kingston Prod 40c Kirby Petr (20¢) Kirkland L G (6¢) Kleinert Co(140c) 40 | Kreuger Brew 11 Kreuger (G) rts__ 153 | Lake Sh M (14) _ 3% | Lakey Fy & Mach 4%x | Liefcourt pf(a75c) 173 | Leh Coal &N 30c 14% | Leonard Ol 4 Lion O11 Ref (1) _ | Locke Stl Ch t80c._ 14| Lockheed Aircraft 16% | Lone Star G a6ue 22 | Long island Ltg 3 % Long I L'nf A(7) 1608 | Long IsI Ltpf B6 7om | Loudon Pi'n t50c 4 La Land (40c) Luckv T (t12¢) | Lynch Corp (12). % | McCord Rad (B) McWilliams D12 Majestic Ra&Tel Mangel Stores 4| Margay Oilas0c.. 5”‘* Massey Harris _ ” | Master Elec (1) - as, | Mead John (13) ¢ [ Mem Nat G( * | Mercantile S | Merritt Chan& S 122 Merritt C & S pf A 2508 Merritt Chap war. 1 Mesabit Iron 121 15 Metal Texile(40c) 2 34| Mich Bumper C___ 12 \ Mich Gas& Ol ___ 42 \mn Sugar S Sta Pet (A) _ 2 et (B) 6 " Abrasallc 9 eCo (aj) 508 3614 | Mining Co (Can) 3 104 | Minn Min&Mf(t1) 26s 1103, | Mock Judson 60c 1 12" Moh H P&L Ist(7) 508 185 Mohawk H 2d pf 200e | Molybdenum Corp 81 Cent States Elec 2“ Monroe L S(A)3Ze 2 6 | Moore Dist (150c) 24 | Mount Prod (60c) 51; | Mueller Brass +1 313% | Nat Aut Fib b3oc 13 Nat Bella Hes 81 at BA&Sh(a2ic). t Contain as0c. 5415 | Nat Fuel Gas ¢ 70 | Nat Gyps A a2l . 141 Nat Investors 314 Nat Invest war 10| Nat Inv pf (al0) _ 10s 11'{ | Nat Leather 5 2 | NatP& Ltof (6) 1008 614 Nat Mfg & Stores 8 37 | Nat Oil Prod t6uc 197§ 2 Rub Mch a2oe a0; Nat Service 9014 Nat Transit a1, Nat Union Radio 215 | Nebel (Oscar) 13715 | Nestle-Le Mur 35 New Hav Cl (113) N J Zine (12) New M&A Ldale New I’'rocess (2) N Y & Hound (11) 150s N Y Telpt (615) 1256 N Y Water Sve pf 20s 103 | Nag Hud Pw at0c 26 815 Niag H P(A) war 13 63 | Niaz H P (B) war 1 933 | Niles-Bem-P (al) 114 | Nipissing (a50c)_. 3 (Noma Elec (a40e) 214 | North Am L & P 2.74 | North AmL&P pf 100e 2114 { N A Rayon A t11; 11 3035 N A Rayon B t13 51 | North'n Europ Ol 74 No IPS T%pfa 38, North Pipe L afs 4215 Nortn States P A a4 | Nor Tex E16% pt 1815 North'st Engally - | Ohio Ol cu pf (§) Ohio Pwr pf (6) | Okla Nat Gas Co | Otdetyme Distil ISt (1%) Am Superpw 1st 6 | Am ernwr pf Am Thread pf Anchior Post Avpex Electricial) Arcturus Radio T i Nat Gas Nat G cu pf Nat Gas (A) Ashland O&It T40¢ sso Gas & Blee Ass0G & Asso G & Assoc Invest (t2) Asso Laundries Al Co <her Atlas Corp (80¢)_. { Atlas Corp war Atlas Crp pf A(3) Atlas Plyw'd(1%3) Austin Silver Auto Products _ 4 Auto Vot Mch 50¢ 3 Ax-Fisher(3.20)A 608 Rabcox & Wil (4) 245 Baldw L bd ris(d) 20 Barium StainSt1 8 Barlow&S(A)1.20 b0s Bell Afrcraft 6 Ilelianca Alreraft 4 y&Gay F Co 141 LGF pur war 83 Bickfords Inc1.20 1 Bliss Co (E W) ] Blue Rldze Cal0c 8 Blumenthal S 1 Bohack (H C) 1508 Bohack HC 1stpf 1us Borne-Scrvall, _ b0s | Bower RoIWB (2) . 1 Bowman-Eiltmore 1 Brazil TL&F 40c . 1 Bridgep't Mchal_ 1z Brill Corp (A) | Brill Corp (B) Brill Corp pt Br-Am O cou | Brown Co pt Brown F & W a15¢ B n 3 S1st 5 1008 Bunker H&S (12) 100n Burco Inc (asle)_. 1 Burry Biscuit ___ 1 Cable El Prod vte. 1 | ‘able& Wire(B) 46 Can Hydr E 1st pf 20s ‘l’IH Indus AlcoA. 6 Can Ind Alco (B). 1 Can Marcon 3 artb Syndicate _ 26 Carrier Corp 3y Casco Products 1 Catlin Cory (atle) 31 Celanese 1St pf(7) 258 Celluloid Corp Cent Ohi 2 1 1 4 2 10 6 1308 6% 10 22 17 1 &1 41 1 23 24 17 ETON 200e 63 63 3 [ 24 i 13 17% 12 1 = o 4 n H 50» 1 2008 n 80¢ 53, 148, 100 o 1041 11 435 flw % 1%, Mmool e - 3%, 398 10 T4 1003 101 n3 3 100 10% 6% 67 trif Pipe t40c Chi Riv &M (t13) Chief Consol . Childs Co pf _ ‘(‘ln».« Service 67 | Cities Service pt 4 Cit Sve P&L $6 pf 1008 AutoS(t60c) & Claude Neon Lts 163 Clay'n&lLamaile 3 lev Tractor Club Aluminum _ Colon Nev Ltd | Colon Dev 6% p# Colo Fuel& it war Colis P Co'wlth [“ Comywith Com with war 22 Com u'ty P&L 1st 100 | Community I Community W Comno S M ste 1 ComS)M ste vic t1. Cons Atreraft Consol Biscuit 60c Consol Conper Cons Itoval (20c) - Contl Oil (Mex) _ Cont’l Roll & S Fy Cook P & Var 160c Cooper Bessemer Cord Corp | Corroon & Reyn | Cosden Oil Me (d) ; Cosd=n(Me)pfd) Creole Pet (asoe) Crocker-Wh al0c Croft Brewing | Crown Cent P age own C I(A)50c »wn Drug blle sl Mex Minine Darhv Peir (50¢) Davenport H (1)_. Dayton Rubber __ | Dennison 79, pr € 6 2 7 nig Q13 19 88 1 3 608 11 Pac Public Service Pan-Am Air (t1) Pantevec O1l Pender G (A)31 Penn C L&P pf(5) Pennroad (a25e) Penn P & L (6) 'enn P& L (7) | Pepperell AMfg t6. Phila Co (1) e Phillips Pkz a50c. Phoenix Secur Pierce Gov (a50¢) Pion’r GM Ltd 800 Pitney Bow (140¢) Pittsbzn Rorging Pitts & LE b2% Pitts Plate G1(a6) Pleas Vall W bic Potrero Sugar Powdrell&Al t60c Pratt & Lamb (a2, Premier Gold t12¢ Producers Corp Prosperity Bal% Prudential InaS0c 10 Pub Sve Ind pt 308 Pub Sve Ind pr pt 30s Pub S Nolll n p(3) 508 “ug Sd P&L pf(5) 508 Pug SA P&L $6 pf 8:5» Rwy Lt Sec(1.55) 2008 Rainbow Lum (A) 27 Rainbow Lum (B) 26 Raym'd Conc (11) 1258 Raym'd Con pf(3) 26s Raytheon Mfg vte Red Bank = Reed R B new t80« Reiter-Foster Reybarn Co a25c-. Reynolds Invest . Rice Stix DG b50c. Richm'd Radiator. Roosevelt Field _. Root Petrolm(1) - Rossta tntl Corp Roval Tynewriter Russeks F A (t1) Rustless Ir&Stl Rvan Consolld'd Ryerson & Haynes St Lawrence Corp St Rexis Paper St Regis Paper pf Savoy Oil Secur Corp Gen__. Sexal Lock & H Seiberling Rubber Selected Indus Sent Saf Control . Seton Leath a50c.. Seversky Alrcraft Shattuck Den Min 4 5 2 2 2 3 £8 508 508 37 - 308 40 1 2 45 4 Detroit Gasket t1_ { Det Gas pf (1.20) | Det Grav Ir t20¢ . De: i’ap Prod t2ic Det Stl Prod a1, Dohler Die Las(Z) Dubelier Condens 1 1 3 1 2 8 ° 8 | Eagle Pitch a a60c 20 Last'n G&F Asso 8 | Kast'n G&F pf(6) 60¢ |East'nSt Pw (B) 1 iasv W M Bt50c 3 Economv G Sal% 10s [ 200/ hleR&QDflfl) 7 Pwr As(A)a2ic 2 c P&L 2d pf A 180s Elrc Sharenolding 2 Elec Sh ot ww (6) 75+ Electrographie t1 1 Elgin Nat W a21,_ 60s Emp G&F 6% pf 26s Emp G&F 7% pf 1008 Emp Pwr pt a1.80. 60s Emsco Derrick t1 1 Equity Corp(a2ic) 19 Burop'n El bd rts. 13 Evans Wall Lead 29 Evans Wall Lpf 300s Ex-C-O A&T t60c. 14 Fairchild AvalSe. 1 Falstaff Brewing. 8 Ferro Enam(a3)_. 1 Fidelio Brewery Fire As(Phila.)t2 m- Fisk Rubber 13 Fisk Rub pf (6) 100 Fla P & L pt 608 | Ford Ltd a181-10c 1 irom«nmAtn 31 Ford M(Can)B(1) 30 | Franklin Rav aboc 1 oedt G&M(20c) 1 Froedt't cv of 1.20 150» Gen Alloys 35 Gen Firepr'f t40c | .jen G & El cv pf E100s Gen lnvest Corp 6 Gen Rayon Ltd A Gen Tele C'pal.35 Gen Tire & Rub Georgia Pw pf (6) Gilbert(AC)pf 335 Glen Alden C (11) Godchaus Sug(B) o3 10 PP T T A = 1% 10 n7 4% 4% 8% % “« 4 1% 1% 1134 113 654 2 214 1y 10 7% o5 4% 874 kil - 2 oo e s STAR S :z | Milwaukee, WASHINGTO. KRESS EARNINGS RISE MODERATELY Year’s Net at $5,852,395, Against $5,791,704 in Previous Period. Bt the Associated Press. NEW YORK, January 26—S. H. Kr & Co. reported today for the year ended December 31, last, con- solidated net income of $5,852,395 after undistributed profits tax, equal after preferred dividends to $2.31 a com- mon share on 2,357,574 shares. This compares with $5,791,704, or $4.63 a share in 1935 on 1,175,913 shares then outstanding. The company operates a chain of 5,10 and 25 cent stores in the Southern, Southwestern, Western and Northwest- ern States. American Hide & leather. American Hide & Leather Co., raan- ufacturers of upper leather for shoes, reported for the year ended December 31, net income of $114,212 before un- distributed earnings tax, coual to $1.14 a share on 100,000 shares of 6 per cent preferred stock. This com- pares with $313,688, equal after pre- ferred dividends, to 32 cents a common share in 1935. The company has properties at Ballstoa Spa and Clean, N. Y.; Lowell, Mass.. Chicago &nd and neadquaricers at | Boston. . | Wayne Pump Co. Wayne Pump Co. reported for the | fiscal year ended November 30 net in- | come of s1 common share on 289,659 shares. This compares with $496,526, or $2.38 a the preceding fiscal year. The com- share on 208,458 shares outstanding in pany has properties at Fort Wayne, Ind ; Los Angeles, Toronto and head- quarters at Fort Wayne. Burlington & Quincy The Chicago, Burlington & Quincy | Railroad had net income for | Budd, president, repcrted today. This | compares with $1,842,844, or $1.08 & | share, 1n 1935. { Net income in December was esti- mated at $710,000 against 546“ 461 in December, 1935. 2 g U. S. TREASURY POSITION Ly the Associated Press. The position of the K3 balance. $1 receints 1o the ; excess Stockand Sales— Dividend Rate Acd 00 . Wil (4) 900 Shrev-El Dor P&L 2 Singer Mfz (16) 10» Smith Cor vexttl 3 Sonotone L (altc) 18 CalEdpfB1% 1 So Cal 14 pf C 14 Southn P L 2vc uthn Union Royalty (a3se) en Chain St 6uc quare D pf A 2.20200¢ Stand Brewing 2 Stand Dredging_. 8 Stand Drcv pf 1008 | Stand Inv cum pt 100s and Oil Ky (1) b and O Neb a2ic 3 Stand Oi) Uhio 11 15 Stand Pwr & Lt _. 16 Stand P& L (B) . 2 | Stand P & L pt 508 Stana SH&LA (4c) 32 13939 1363y 13934 ' 355 35 355 2 1 1 8 1 20 508 rchi Bros a3oc rchi Bros 1st 3 erl's Brewat rlinz, \lmmulh Sullivan Machine | Sunray Ot «atoe) Sunr'y O cu pf 2% nshine Min (3) "l’ag;nrt Corp Tastveast(Del)A Taylor Dist 0e) Technicolor Tex P & L pf ( 5 1008 Texon Oli & L 60c 9 | Thew Shovel as0c 26» Tilo Roof (t50c) 5 rishman R & C 12 Todd Shipyd (12) 1508 Tonopah Belmont Tonopah Min aée Tr-Lux DPS t20c. I'ri-Contl C war Tubize Chatillion. Tubize Chatl (A) tunz-Sol Lamp n | Tung-Sol L pf 80c Twin-Coach al 40 Ulen & Co 5% pt Ulen& Co 7% % pt 28 | Unexcelled Mfg . 6 Unit Air war Unit Chemical Unit Corp war. Unit Gas Corp _ Unit Gas C war Utd Gas pf (a313). | Unit G&E pf (7) Unit Lt & Pw (A) Unit Lt & Pw pf Unit Prof Shalle. 1 Unit Shipyds B . 18 Unit Shoe M 121 76a Unit S Mch pf1.50 708 USFoil (B) (1) .. 12 U S & Inti 1st pf ww (b13) US Linesuf . U S Radiator U S Stores U S Stores 1st pf Unit Stores vic Unit Verde Ex (1) | Unit Wall Paper | Univ Insur (1) _ Univ Pictures Univ Prod (a2%) Utah Apex UtahP&Lpf32.91% zoo- Utilities P& L (d) 26 UtlP&LB(d) _ 19 Util P & L pf (d)_.400s Utility Equities Utilities Indus Utility & Indus pf. Venezuela Mex O. Venezuela Petrol_ Vogt Mfg Co-... Waco Alrcraft Waitt&B'd A ab0c Wait & Bond (B) . Walker Mining ne Pump (500 Well't'n Oil of Del Wentw'h Mf 11.20. W Va (‘oal & Coke West Au Sup A 14 100, Will 0i1-0-M as0c Wil-low Cafeteria Wil-low Cafe pt Willson Prod (11) Wolverine Port C Wolv Tube (f40c). Woodley Pet 40c Woolw I" W Ltd A Wright Hare t40c Ygstn Stl Door(2) 178% Yakon Gold(al3c) 2% 2% Dividend rates in doilars based on last quarterly or semi-annual payment. fAn- nual rate—not lneludlnlr extrs cumulated divldlnd.l b Paid this year n repo; Being in b-nlnwuy o T Yecelversnivs OF &8 1 3 38 . m 6 e & 2 - 65 12 5 408 61 6 5 208 5 8 207 1008 1 bo. o PO ST - Sem N o R being reorsanized under the bankrubte t"%r ‘securities assumed by such com- 279, equal to $4.57 a| 1936 | cerns wHose plants were influenced of approximately $4,980,000, equal mi $2.92 a share of capital stock, Ralph | g gereral rise in the rate of opera- MONDAY, NE (Continued From Page 1 2:18 . = Stock and Sales— w. " Dividend Rate. Add 00. 11% Walker (H) pf (1) worth Co. 2u Ward Baking B 9% Warner Bros Plet 44 Warner Bros ple pf. % Warner-Quin (d)... 4% Warren Bros 15% Warren Bros cv pf. 21 Warren Fdy&P(11) 1914 Waukesna Mot (1) 614 Webster Eisenlohr_ a3% son O&S(160c) . 78 Wesson O&S pf (4) R7 West Pa Elec pf (8) 110 96 West Pa Elec pt (7) 124% 116'% W 124 8w W 15 Western Md 2d pf_. 4 1% Western Pacific 514 Western Pacific of 72 West'n Un Tel b75c 34% Westinghse A B (1) 167% 94'% Westh se El (ab%) 170 123'% Westhse E 1st 1334 83% 22% West'n El Inst as8bc 4 3 JAN W YORK STOCK EXCHANGE UARY 25, 1937. ) 1936-37 High. Low. 37 18% Whi 13% Whi 5% “on 11:00 A M. 1:00 P.M. Diviaend n: including extras b Paid last vear. reorganized 0 29% SLOWER PACE SET AT STEEL PLANTS Floods Affect Some Firms., Average Declines to 77.9 Per Cent. By the Associated Press. NEW YORK, January 25.—Aflected by floods at some plants, operations in the steel industry for the current week geclined 2.7 points to 77.9 per cent of capacity, compared with 80.6 last week, the American Iron & Steel Institute estimated today. - A morth ago operations averaged 77.0 per cent of capacity, while & year 8g0 the rate was 49.4 per cent. The institute pointed out that aside from the relatively few con- by flood conditions, there had been tions. It was estimated that had plants stopped by the flood waters continued | to operate this week at the same pace as last, the rate for the country | as a whole would have risen to about 82 per cent of capacity. New Traffic Peak Is Announced by United Air Lines BS the Associated Press. NEW YORK, January 25.—United Airlines flew more traffic ton miles, passcngers, mail and express, in De- history, W. A. reported today. A total of 16780 passengers, up 53 per cent from the like 1935 month, Patterson, president, mail and 215,506 pounds of express, tively, were flown. ORDERS INCREASE AT LUMBER MILLS | Shipments Show Only Slight Gain as Maritime Strike Continues in Week. The lumber industry during the week ended January 16 stood at 46 per cent of the 1929 weekly average of production and 54 per cent of 1929 (largely seasonal): shipments showed High Low Close. | | exchange firm: { others in cents: g essury on Janis .~ DIVIDENDS ANNOUNCED | NEW declared. YORK. January ~Dividends Increased. Pe- Btk of Pay- Rate. riod. record. able. Holophane Co i < Mass Bond & Ins Resumed. | Jonn; & Naumburg 2-1 Regul | Consol Edison CHICAGO PRODUCE CHICAGO. January —Po | ve T4 truc 5 pound . 16 | Legnorn “hens. r Plymouth and White Rock. springs. 19 brmlelu i 15 small_wh: . 15 15. Soutnern geese. 14 20, less than % creamery spe- te. ext 9 firm Tresh cur- t receipts. 21's Potatoes. 132, ‘on track United States’ shipments Satu Sunday. 107: old stock: Northe; steady, demand fairly $00d. Western stock arely steady, demand slow. supplies lib- gral: sacked' per hundredweight, u nks. 3 R ‘Washington, Bu ke combihation srade, 314 Colorado. red McClures, U. S No. 1. 3 Feimmob, nuuv 40 Nebraska. ¢ Wyoming., -pound Trinmohs. U, S, No. 1..and | ed. . 25 per hundred. | total er de. norm. 8. neke. i Match. No. 1) 5.R3: March. zrade A, CHICAGO LIVE STOCK. CHICAGO. January 25 (™ :United States | Department of - Agriculture) — Hogs. 32000 including 11.000 direc evenly steadv to 10 lower than Fndlvl avesage. top. 10 40: short lcac 5 by zood and choice. ' pounds comparable pounds. mostiy 4.30210.10: 1ew good 400-500- | pound sows. .6 | ” cattie. 15.000 a | calves. 2000 fed steers ana vearlings slow: steady: good to prime offerings _in_falrly 'liberai arlv 5. with 1450 bid: 1450 replacement 1l other Kkilling classes strons. fairly active _especially on medium o | 500 erade” veariing heifers and cutter grade cows: vealers scarce. largely 11.25a - et “Einde. B S0ail b0, practical top. weighty sausage bulls. 650, S| including 2.800 direct: mand: gen- i erslly askin, Wigher than Priday. but'es vet few sales: good to cholce lambi hid upward to 10.60 ‘and 10.75: best held above 10.90: sheep stead: ative ewes, 5.00a6.0 NEW YORK PRODUCE. 2oNEW YORK. Jrnuary o5 (P._Eegs. steads. Mixed colors: Speclal < s. <. No. s, 10 refriger: seconds. 1813219; me Creamery. higher easer. 1%l extra (3 score), i 1 xuhlnndx 45\4 RT scores), 'm';- i1i4; cemuhzed | (90 score), 327 Cheese ' 116.497: firm. _State. whole held fancy. 1516, 21a321 y steady to firm. "By freight. chickens, 19: colored. mixed with Rocks unquoted: Leghorn. gred. 19a20: Leghorn, 16810 turkeys, 15a22; ducks. 14a FOREIGN EXCHANGES. NEW YORK. January ). —Fe Great Britain in _do) Fowl: Col- roosters. 12: t Parvull! 4.4 ¢ oland zechos!ov.m Yusotiavia: tr 'Hunm\ b Mexico City. 0! ‘i *ew York n New' York. 99.90%, T Montreat. 100.005 Nominal. METAL MARKET. W YORK. Januery 25 (#.—Copper barcly steady: elcctrolytic spot and future. 47 01 "nmv 25 future, Auick 3,008 5 Wollrlmll 15.00815.50. NEW YORK SUGAR. NEW YORK. January 25 (P.—Raw fugar was unchianged early today with no epor' Spots were quoted 3.75 and forward shipments Futures were compa. mely qulet. fue- tuating within narroy A et Ma sdeanced. from 1vm-, o 16 and quiy trom 1. 112, or 1 16" *Soints et “igher. ' In tke No. 3 contract trading was confined to Mareh at | or net unchanged. and September. | which_after selling at .87, reacted to 281 or 1 point net lower. ned wes unchansed at 5.00 for fine gramulated. with moderate” withdrawals. Hmm VISIBLE GRAIN SUPPLY. NEW ‘YORK, January 25 (#).—The visible supply of American grain shows the following changes in bushels: Wheat decreased 2,153,0007 corn increased 304,000; oats decreased 1,256.000; rye decreased 259,000; ber- ley decreased ,000, only slight gain over the preceding | week, being still greatly restricted by the long-continued maritime strike. Reported new business rose appre- ciably over the preceding holiday | weeks. National production reported during the week ended January 16 by 7 per cember than in any December in its were carried, while 594,953 pounds of | or gains of 31 and 26 per cent, respec- | 8tock and Dividend Rate. 19% Westvaco Chlor (1) 21% Wheeling Ste Motor RE M 8(1.40) 3% White Sewing Mch_ 2% Wilcox Oll & Gas _. 6% Wilson & Co (60c).. 70 Wilson & Co pf (6). 44% Woolworth (2.40) 23% Worthington Pump 56 Wor'h Pumpof A 47 Worth Pumpof B 62% Wright Aero (al) _ 8% Yellow Tr & Coach 83's Yellow Tr&C pf a3s 42% Young Spr&W (13) 41% Youngs'tn Shee!&T 21'% Zenith R: e Products Approximate Saies of Stocks on the N. Y. Stock Exchange. "1 350,000 es as g a on the latest qua; ding less than 100 shares. 3 Accumulated dividends. 4 Companies reported in receivership or being x Ex dividend. shipments. Production continued low | cent fewer mills was 5 per cent below | the output of the previous week; ship- ments were 1 per cent above shipments and new orders 9 per cent above orders | of that week, according to reports to the National Lumber Manufacturers’ Association from regional associa- tions covering the operations of im- 'ponlnt hardwood and softwood mills. Reported new business during the : | week ended January 16, 1937, was 41 | per cent in excess of production; ship- | ments were 15 per cent above output. Reported new business of the pre- vious week was 24 per cent above pro- ' | duction; shipments were 8 per cent above output. Production in the week | ended January 16 was shown by re- | poriing hardwood and softwood mills |13 per cent below the corresponding | week of 1936; shipments were 3 per cent above shipments of last year's week and new orders 3 per cent above J orders of & year ago. 'BANK DEBITS RECORD GAIN DURING WEEK By the Assoclated Press. NEW YORK, January 25.—With \msememem resulting from year-end | fluctuations no longer affecting the money market, withdrawals from in- dividual and corporation accounts in leading banks turned up during the latest week. Financial circles held the increase to be a continuation of the rising trend noted before the turn of the year. Bank debits in 273 cities, reported by the Federal Reserve Board, com- | pared as follows: Week ended Jan. 20_. $10,164,852,000 | Previous week 9,447,319,000 | Same period last year . 8,654,543,00C | INVESTMENT COMPANY STOCK AVERAGES RISE Special Dispatch to The Star. | NEW YORK, January 25.—The in- | vestment companies common stock | price index advanced last week to new highs for the recovery as evidenced utors Group, Inc. The average for the common stocks for 10 leading management companies influenced by the leverage factor stood at 26.14 at the close of January 22, | compared with 25.12 on January 15. The average of the mutual funds | closed at 17.35 January 22, compared week. INSURANCE STOCKS anuary 25 (. —New York ation: NEW YORK. Security Dealers’ Associatio; Aetna Cas (2a) Al Surete (2338 Automobile (1a) Balt Amer 1202 Carolina (1.:0) Conn Gen Life (RO) Contin Cas (1 | BN 565 o | Eifemen’s Nwk Frark Fire (12) Fii Natl Fire (%) Natl Liberty l"fll) N 8D e e FEDERAL LAND BANKS NEW YORK, January 25 (P.—Pederal hnk Bank bonds: 43 Novembe: 42 May tmasak i3 November 1957-37 45 July 1940-44 “ My 10858 ui January 1956-46 May msu.m = nom MARKET. 'ORK. January 25 (#.—Call 25 NEW money steads i d.l’ prime ent ns un s months per cent. I ceeptance: llnthlllle'/d with 17.17 at the close of the previous | by the averages compiled by Distrib- | FINANC 2:16 p.m. Bales— Ad4 00. High. 4 25 Net Low. Close. Chge 26 26% + % 40 40 26% 26% 18% 6 5% dlo (b30c) 12 570,000 12:00 Noon. 2:00 P.M. ven in the above tuole terly or half-yeariy t Annual ra‘e—no a Paid tnis year. STOCK SEAT PRIGE DECLINES SHARPLY Sag to $105,000 Mark Laid to Expectations of Tighter S. E. C. Regulations. By the Associated Press. NEW YORK, January 25.—A sharp drop in the value of membershirs in the New York Stock Exchange was | indicated today when arrungements were made for a travsfer at $105.000, a drop of $29,000, or 21.7 per cent, from the last previous transaction. ‘The lowest price for memberships in 1936-37 was establisned December 1, when a sale was mad~ at $89.000. The high was $174,000 .ast Feb- ruary 19. Brokers said regulations shortly be issued by the Securities and Ex- | change Commission, further restrict- ing activities of floor traders and spe- cialists, had made memberships less attractive to those divisions of the Exchange. The regulations, some brokers ex- pected, will separate the functions of brokers and dealers and restrict the work of specialists to sales and pur- chases which must be shown to have been for the good of the market. This, many traders think, wil cut down the number of transactions, with a consequent decline in commissions, BOSTON WOOL MARKET. BOSTON. January =5 @ (U. 8 Dept of _ Agriculture). —Demand for domestic wool turnea very auiet in the Boston mar- ket. Asking prices on the limited supply remained unchanged {rom w T making some in- he apparel class foreign woel- Quotaticns held about steady to oLghtly easier in Australian wool markers. accord- e to cable reports received by Briv concerns in Bosion. STEEL QUOTATIONS. NEW YORK. January prices per 100 pounds Bliue annealed sheets. vanized sheeis. .40 it t rolied. * Black: sheets. roiled. 2.80: steel bars, - FIRST TRUST LOANS Long-term REFINANCING 5 Lowest Rates . . . 3-Year Con- struction Loans . . . oz a 3% 8%% BOSS & PHELPS MOHTGAGE <0 Loan Corresponden John Hancock Mutull Life lnl Co. 1417 K 8t NW NA 9300 Cash in Banks. ............ Bonds— Federal Government On Farm Property. On City Property Real Estate Owned— Home Office Building. Other Property.. Under Contract of Sale. Collateral Loans Loans on Policies. (Secured by Legal Reserve) tion... (Secured by Legal Reserve on Legal Reserve.... (Present value of every Claims Due and Unpaid.. Incompleted Policy (‘lnims filed or completed) Other Accrued Expenses. Policies. . Squplul Aulgn ur;luu Unmlgned *$1,000,000.00 Total Surnlul for Protection of Pollcyholdm *k%x A—13 DU PONT CHANGES DIVIDEND POLICY Regular Quarterly Rate Displaced by “Individual” Quarterly Payments. By tkLe Associated Press. NEW YORK, January 25—E. I. du | Pont de Nemours & Co. announced today its decision to discontinue “rege ular quarterly dividends” and to ine stitute in their place “individual” quarterlies. In the new dividend terminology, di- rectors will declare quarterly “in- terim” disbursements in the first three periods and a “year-end” payment in the fourth quarter, the company stated. The change, it was said, was de- cided upon to relieve directors from feeling “somewhat constrained to maintain the uniform dividend rate” at times when the company’s financial position or the current economic con- ditions warrant a change in the rate. The effect of the Federal undistrib- uted profits tax was also given as a reason for making the change in the method of declaring dividends. CRUDE 0IL PRICES ~ P o e A Eranly scale ¥ic to SLONT East Texar | pri to | caused thr 'mnlrl 8roup rices rall 5 ¥y | Rentes lost 40 1- hot State, County, Municipal and School.. Railroad, Public Utility and Others.. First Mortgage Real Estate Loans— Accrued Interest on Investments Net Premiums Deferred and in Course of Collec- Total Net Admitted Assets......... LIABILITIES Interest and Premiums Paid in Advance S:t Aside for Taxes Payable in 1937..... Surplus Assigned to Pnrtl pn(lng \v (Permiai S1.10 tv scale ren Basin). era orth Louisi Nc to S1.10. Salt Creek _Texas ] na- Eastern area Pmmmnru (Bradford Allegany) in_Southwest Pennsviva fame grade in Eureka lines grade in Buckeye lines, s FOREIGN MARKETS. NDON. January anfl firmness wherein sections t with a good demand. rices rregular to weaken, bu toward the 'end. e and oil< edged securi- antic shares FARH A mixed trend prevailed in today's Bourse session. Bankinc and rail (hnu strencthened after weakness to 85 centimes. MONEY TO LOAN ON i REAL ESTATE at 50/0 Monthly Payments if Preferred Our Real Estate Officers Invite You to Confer The WASHINGTON LOAN AND TRUST COMPANY Member FEDERA! RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORP'N RESOURCES ..$ 1,074,066.60 28,621,749.29 10,272,691.80 383,083.09 11,581,742.49 8,587,373.57 1,427,421.83 12,264,787.99 413,200.80 101,375.96 1,792,270.19 21,311,666.69 2,698,855.34 olicies ..$100,530,285.64 ceeee..$ 89,377,797.74 NONE 584,476.82 polity ohllglflon) (Claims incurred on which prools have not been 719,824.54 300,000.00 69,252.01 ...$ 930,960.23 750,000.00 6.797 974 30 9,478,934.53 Tothl.sesersosensessssersosasassasessesossesss$100,550,285.68 Total Payments to Policyholdersin 1936..§ 8,165,117.96 Insurance in Force........coceeeeen... 435,701,967.00 NO REDUCTION IN DIVIDEND SCHEDULE -hange of any kind in D There will be no reduction or c TIha:,-maymhnl on Participating Policies in 1937. ividends payable dividends a‘:opltl in 1931 and effective mnll’lwu’l’zy‘;s';u that lhru will be continued J.B. Reynolds. President . Barr, Vice-Pres. C. N. Sears. Secretary and Supt. of Agencies H. T. Gemme, General Agent, 407 Ameriean Security Bullding. Washingten. D. C. Telephone: National 3624