Evening Star Newspaper, January 26, 1937, Page 12

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A—12 ek FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., TUESDAY, JANUARY 26, 1937. FINANCIAL. WH[][[SA[EIRA[]E TRANSACTIONS ON T!IE NEW YORK STOCK EXCHANGESI[][}KS[;G[][]WN By Private Wire Direct to The Star. e Stockand Salese Net | 1036.37 wet | 1036-37 and - FRAEIIUNS .[U w 2:15 p.m. @ll3037 Stock and Sales— Net |@h. Low. Dividend Rate. Add 00.High. Low. Close. Cnge | Tigh Low Dividend Rate. Add 00. High. Low. Close. Onge |Eh. Low. Dividend Rate. Add 00. High. Low Close Chys. n Low. = Dividend Rate. Add 00.High Low.Close. Chgs. 68 55% Coca-Cola A (3)._. B7% B67% - %| 8 2% Int Agricultural 65 ™% 71 T4 3" 60 Penick&Ford (13). 1 6l% 61% 61% 1‘% 59 Acme Steel (4) 5 65 641% — % | 21% 13 Colgate P-P (t50c 1 19% — % | 58 22% Int Agricul pr p! 54% 65 -1 6 100 9% Adams Exp (ab! 17% — % | 106% 100 Colgate-P-P pf (6. 10315 103% 194 160 int Bus Mach (t 182% 183 + % % Coal & Cok 276 t Fifth District Volume Up 10 Per Cent Over 1935, Bank Reports. BY EDWARD C. STONE. Wholesale trade in the fifth Fed- eral reserve district, including the Capital, in 1936 was approximately 10 per cent higher in volume than in 1935, according to a report made to- day by the Richmond Reserve Bank. Total sales in dry goods were 16 per cent better than in the previous year, in hardware 10.6 per cent, in shoes 10.1 per cent, in groceries 9.5 per cent and in drugs 9.3 per cent. For December four of the five re- porting lines had greater volume of sale than in December, 1935. Hard- ware headed the list with 226 per cent, dry goods enjoyed a 22.4 per cent jump, drugs were up 20 per cent and groceries 18 per cent, but shoe sales were off 6 per cent. Naturally most of the wholesale buying in the district in December was considerably urder the November record, when much of the holiday buying was under way. Stocks on hand at the end of De- cember, compared with December, 1935, were 7 per cent higher in gro- ceries, 11 per cent in dry goods, 32 per cent in shoes and 4.2 per cent in hardware. December collections were by far the best in groceries, being 125 per cent of receivables. Dry goods col- lections were 45 per cent of bills due, shoes of per cent, hardware 49 per cent and drugs 64 per cent. Electrical Concern Sold. Sale of the entire electrical business of the National Electrical Supply Co.,, 1330 New York avenue northwest, to the General Electrical Supply Co., a subsidiary of the General Electric Co., will be accomplished if negotiations now in progress are brought to a sat- isfactory conclusion, it was learned today. It is expected that final arrange- ments for the sale will be completed shortly and that the change in owner- ship will take place early in February. The National Electrical Supply Co. was organized about 40 years ago and the present president, E. C. Graham, has held that position over 30 years. He also is president of the Hamilton Na- tional Bank. The business originally was located at 1410 Pennsylvania avenue and later moved to 1417 New York avenue. Sev- eral years ago the company constructed its own building at 1328-1330 New York avenue, where the business will be continued under the new owner- ship. It is understood that the entire personnel will be retained by the new management. Aspinwall Again President. These directors were re-elected at the annual meeting of the stockholders of the Security Sterage Co.: C. A. As- pinwall, H. L. Rust, jr.; Corcoran Thom, Lloyd Wilson and Clarence F. Norment. ‘The directors organized at once by re-electing the following officers: ) Clarence A. Aspinwall, president; Charles W. Pimper, vice president and treasurer; Charles P. Ravenburg, sec- retary; Paul Alvey, assistant secretary, and Miss Helen Howison, assistant treasurer. President Aspinwall reported steady {mprovement and further expansion in pusiness during the year. The com- pany now has assets of $1; 340,573.75, against $1,326,438.40 a year ago; $500,- 000 capital, $250,000 surplus, over $54,- 000 in undivided profits, as well as other very substantial reserves. Bankers Off to Pittsburgh, ‘Washington will send a good-sized | delegation to the Eastern Regxonnl; Conference, conducted by the Amer- fcan Bankers’' Association, in Pitts- | burgh Thursday and Friday. The delegates from here will include George ©O. Vass, vice president and cashier; H. T. Bisselle, assistant cashier; R. Earle Haycock, auditor, and Kenneth F. Brooks, trust officer; all Riggs Na- tional Bank; George O. Schweinhaut, assistant treasurer; George M. Fisher, vice president, and Ralph Endicott, mssistant treasurer, Washington Loan & Trust Co.; Wilmer J. Waller, vice president and cashier, and Arthur J. Linn, auditor, Hamilton National Bank. Mr. Waller is a member of the A. B. A. Committee on Banking Studies, and Mr. Linn will appear on the pro- gram as one of the speakers. Title 1 of the Federal housing act is to re- kceive special attention, as will all ‘the latest problems in bank manage- ment. The program promises to be of unusual value. Heads D. C. Grocery Chain. Isaac Jacobson, a former president of the District Grocery Stores, Inc., was again elected to that office last night at the annual election of officers and board of directors of the organi- Eation. David Ceppos was elected first vice president; Jacob Siegel, second vice president; Abraham Mostow, third vice president; Max Hoffman, treasurer, and David Rosenberg was unanimously Te-elected secretary. The new board of directors includes I. L. Asrael, Harry Berman, Louis Biskin, Frank M. Fields, Louis R. Fields, Louis Gitelson, Max Horen- stein, Meyer Kaminsky, Abraham Kaufman, Samuel Kotz and Morris Sandler. Leach Reports Checks Delayed. Hugh Leach, president of the Fed- eral Reserve Bank of Richmond, re- ported today that the Middle West floods have interfered with train serv- ice so seriously that check collection delays in many parts of this reserve district are being experienced. He sent word to Washington banks that the usual schedule of payments at Rich- mond and the Baltimore and Charlotte branches cannot be maintained and asks bankers to keep this situation in mind. ‘W. T. Vandoren, vice president and cashier of the Liberty National Bank, ‘was present at the annual dinner of Baltimore Chapter, American Institute of Banking, Saturday night. Among the honor guests were Howard W. Jackson, mayor of Baltimore; Howard H. Ruark, president, Maryland Bank- ers’ Association, and Warren F. Ster- ling, Maryland State bank examiner. William M. Canby, local manager for the Wellington PFund, Inc, of Philadelphia, reports that business in the third quarter far exceeded business, in the last quarter of 1935 in all the ‘company’s territory. The company has just paid its twenty-eighth consec- utive quarterly dividend. Today's Trading on Exchange. Prices were strong on the Wash- ington Stock Exchange, with much broader trading. Mergenthaler Lino- type sold to the extent of 56 shares at 54, Capital Transit sold at 16%, off %. In the bond division Washington Gas s, 1960, moved a. 126% and Capital Transit 6s came out at 94%. 2 85% 17% Adams Millis(a1%) 87% 22 Address'graph( 1). 21's 1% Advance Rumley... 86 58 Alr Reduction (11). 614 2 Air-Way Elec Appli "17% 13 Alaska Jun (160c).. 513 21 Alleghany Corp 12% Alleg pf w $30 w._. 12% Alleg pf w $40 = 27 Allegprofd) __ 26% Alleg Steel (a1.65) - 98 Alleg & West (6) 157 Allled Chem (6) 23 Allied Mills (b50c) . 6% Allied Stores(b20c). 69 Allied Stores pf (5) 36% Allis-Chalm (113%). ]9% Alph Port Cmt (1) .. Amal Leather __. Amal Leath pf (3)_. Amerada Corp (2)_, Am Ag Ch (Del) a4. Am Bank Note (1). Am Bnk Note pf (3) Am Brake Sh (12)__ Am Brake S pf 6% .. Am Can (14).___ m Car & Foundry_ 57% Am Car & Farv of . 31 Am Chain&Cab(a4). 87% Am Chicle (14) ... 7% Am Colortype . ... 20% Am Comel Al (a50¢) 16% Am Crys Sug(b50c) 89 AmCrysS 1st pt(6) 314 Am Encaustic 9% Am European S 6% Am & Foreign Pwr. 25 Am & For Pw $6 pf. 29% Am & For Pw $7 pf. 12 Am & For Pw 24 of. 13 Am Hawaflan (1)._. 4% Am Hide & Leather. 31% Am Hide & L pf (3). 37 Am Home P (12.40). 24 Am lce z = 16's Am Ice pf (2) . 9% Am Intrnat’l (a40c) 2814 Am Locomotive 66 Am Locom pf (a3).. 21 Am Mach&Fdy(t1) 10 Am Mach & Met 60c. 27 Am Metal 35% Am News (NY) (3). T4 Am Power & Light. 36% Am Pwr&Lt pf (5). 43 Am Pwr&Lt pf (6). 18% Am Radiator(160c). 23% Am Roll M (11.20) 34% 31 Am Saf Razor (12). 18 Am Seating(aZig)_. 103 56% Am Smelt&Ref (3)- 1081 104 Am Smé&Ref pf (6). 73% 57% Am Snuff (13)_ 74% 2015 Am Steel Fdry (al) 145' 107% Am Steel Fy pf (7). 36 24% Am Stores (2)..... 63% 481 Am Sugar (2) - 26% 20% Am Sumatra Tob t1 190'4 149!3 Am Tel & Teleg (9). 102% 87 Am Tobacco (5) 104 884 Am Tobacco B (5) . 150 136 Am Tobacco pf (6). 18% &7 Am Type Founders. 29% 19'3 Am Wat Wksa4lc_. 14% 7% Am Woolen 79 52% Am Woolen pf (at). % Am Writ Faper (d). 10 4% Am Writ Pap pf (d) 9 8l Am Zinc & Lead _. 5 28 Anaconda Cop (t1). 4 35 Anaconda Wire 2. 15% Anchor Cap? (60¢) 9 Andes Copper ____. 37 Archer-Dan-M ($2) 4 105% Armour Del pf (7). 4% Armour(111) (bl5e) - : 664 Arm’r(Lil)pr pf (6) 104 Armour of Tl pf¢ 1) 473 Armstrong Ck 1% 71 Arnold Const(b30c) 813 Artloom Corp . ... 12% Asso Dry Goods. .. 59 Atch To& SFeal_. 90% Atch To&S Fe pf(5) 21% Atl CoastLine(al) . 135 Atl Gulf&W I pfa3l. 26% Atlantic Refin (11). 48 Atlas Powder (12).. 14 Atlas Tack (1)-—--- 26% Auburn Auto 5% Austin Nichols_ 29%; Austin Nichols pf A 4% Aviation Corp (Del) 213 Baldwin Loco () - 9475 29' Baldwin Loco pf(d) 9% 2% Baldwin Loasd(d). 947 38% Baldw L pf asd(d)- 26'% 16°» Baltimore & Ohio__ 41% 21 Baltimore & Oh pf_. 49% 39 Bang & Aroos (2%) 106 105 Bang & Aroos pf(5) 40% 21 Barber Co (a7%¢)-_. 32 13% Barker Brothers 42 41 34l 14% Barn; 22 168 Bay 115 110 Bayuk C1stpf (7). 28% 18 Beatrice Cream(f1) 16% 13 Beiding-Hem (1) 32% 21% Bendix Aviat(alj) 26% 20 Beneficial L (b4ic 72 48 Best&Co (1232) o 80 45% Bethlehem Stlallg. 161 Beth St1 6% pf(1)_. lfiSla 107%; Bethlehe Stl pf(7) 2 Bigelow-San (t1) 4 Black & Decker 25¢ l"a Blaw-Knox (a80c)-. 77% Blumenthal pf a21_. 167 BoeingrAirplane __ 40% Bohn Alum&Br (3). 80% Bon Ami (A) (4)-. 25% Borden Co (1.60)- 64 Borg-Warner (4) 6 Boston & Maine 1% Botany Min A (d)__ 12%4 Bridgp't Brass t400 43% Briggs Mfg (12) 47 Briggs & Strat (3) 41 Bristol-Myers t2.40. 40% Bklyn-Man Tr (4) .. 97% Bklyn-Man T pf (6) 4'3 Bklvn & Queens 331% Bklyn&Queens pf a3 44% Bkiyn Un Gas (3) - 45 Brown Shoe (3) ... 8% Brunswick-Balk 87 Bucyrus-Erie. 9% Budd (EG) Mfg 8% Budd Wheel (a20c). 20% Bullard Co (a1%) 11% Bulova Watch____ 25 Burr Ad'Mch(160c) 2% Bush Terminal (d)_ 14% Bush T Bldgs pf(d) 7% Butler Bros (a60c) 29% Butler Brospf 1% _ 2% Butte Cop & Z(a5c) 16% Byers (A M) 54% Byers (A M) ot 30% California Pack (2) % Callahan Zinc-Lead 6 Calumet & Hec a750 30 Campbell Wy (11)_ 10% Canada Dry G A__. 10% Canadian Pacitic 12% Cap Admin(A) (al) 91 Car Clin&O stpd(5) 6% Carriers & Gen a35c 9215 Case (J 1) Co (4) . 143 116 Case (J I) Com (7) 98 54% Caterplllar Trac t2. 321 21% Celanese Corpal%. 116 106 Celof AmprpfA 7. 40% 19 Celotex Corp 86 54 Celotex Corp pf (5). 39% 26% Cent Aguire (113 ) 12% 6% Central Foundry Co 107 106 Cent 1Lt pf (432)- 57 35 Centrat R Rof NJ 24% 223 Central Violeta Sus. 12 64 Century Rib M bl0e. 5% 47% Cerro de Pasco «4) 19% 8% Certain-teed Prod. . 75 57% Certain-teed pf (6). 52% 19 Champ Pap & F (1) 111 101 Champ Paper pf(6) 69% 22% Checker Cab Mfg.. 59 Chesapeake Corp(3) 51 Ches & Ohio (12.80). 1% Chi & East [l (d)__ 2% Chi & East I11 pf(d) 1% Chi Grt West (d) ... 4 ChiGrt Wpf (d).. 6 Chi Ind&Lou pf (d). 25% Chi Matl Ord(t13%). 1% Chi M1) St P&P (d). 2% Cht M St P&P pf (d) 2% Cht & NW (d)_ .. 6% Chi & N W pf (d)__. 121% Cht Pneumatic Tool 40% Chi Pne T pf (a3%). 1% Chi R 1&Paoc 1d) 3% Chi R1&P 6% Df td) 3% Chi R 1&P 7% pf(d) 19% Chi Yellow Cab (2). 17% Chickash Cot Ofl._. 7 Chiids Co = 26 Chile Copper (1) . 85% Chrysler Corp(a12) 15% City Ice & Fuel (2). 89% 72% flt’ Ice&F pf (6%) ity Stores 28!‘ Chrl Equip(11.60)- 83 Clev Graph Br (2) . 48 Cluett Peabody (3). 84 M&(fl)—. b Bark Bros pf (2%)- 1301 N veS8uine 00 1t g b 0 1 OV @ &« 108 46! 62 121 26% — W 87% 110 110 110 238% 237 237 3 81 1615 82% 8% 36% 6% 43 105% 106 95 40 4 0% 143 12 62% 81 161 83 8% 36% 7 43 95 40 " + T0% 143 112% 623 {1 ot SIS B BRI e A (AR % 4 lOSVg 109% — % 10s 85% 85% 9% 36% 36 2 36% 36 2 88y 87% 874 -1% 1 130% 130% —1i6 A 41% —2% 8815 — % 65% = 3. 105 % 2% = % 15 —-% 9% — % 31 -3 2% 5% — % 47 12% - % 300 —-% 69% + W 2% = W 6% — % T% = % 26 - % 20% 18% — % 46% 46% 118% 119 -2 11 19% 19% 19% — % 86% 9% — % 3% -4 36 -1 66% 39% Collins & A1k 13 [§ 28% Colo Fuel & Iron.. 21 Colo & Southern.. 59 69% + % 111% 111% 45 45 — % 22 22 -1% 16 Colo& Southzdpf. 200s 29 28 28 ~—1 14 Columb G & @ a40c. 903 Col G & E pfA (6)._. 31 Colum Pict vto (11) 24 Colum Picovpf2% 9‘ Colum Carb vtc(14) i Comcl Credit (14)__ 128 1.00% Comcl Credit pf 4% 1% 56 Com’l Invest T (14) 14% Comc’l Solv (160¢c) - 2% Comw & Southern_. 59% Comw & Sou pf (3). 7 Conde Nast Pub___. 30% Congoleum N 11.60.. 8 (onsol Cigar % 27% Consol Ed N Y t2__ 109 102 Consol Ed NY pr(6) T4 4% Consol Film 20% 15% Consol Film pt (a2). 3% Consol Laundries. 11% Consol O1l (89¢) 5% ConsolR R Cuba pf. % Consol Textile (d). 2 Cons Coal (Dal)vto. 21% Cons C (Del) of vto 15% Container Corp 1.20. 10% Contl Baking (A) - 1% Contl Raking (B) 674% Contl Baking pf (8) 63% Cont’l Can (13) 17% Contl Dia Fibr 3515 Contl Insur (11.60 23 Contl Motors 28% Contl Oil of Del(11) 25 Contl Steel Corp(1) 55% Corn Ex BK&Tr (3) 63% Corn Prod Ref (13). 58 Corn Prod R pf (7). 4 Coty Inc 24 CraneCo. ... 35 Cream of Wh't ("‘) 15% Crosley Radioal . 43% Crown C’k&Seal (2) 464 Crwn C&S of ww 2% 5% Crown Zelleb’ vic 28 Crucible Steel 61 Cuban-Am Sugar__. 63's Cuban Am Sug pf_. 35% Cudahy Pkg (2%)-. 167 Curtts Publishing.. 99% Curtis Pub pf (7). 4 Curtiss Wright. __ 10% Curtiss-W (A) aboo 43% Cutler-Hammer t1. 52 Deere& Co._ 27 Deere & Co Df(l 0) 1914 Delsel-Wem-G (1) 36% Delaware & Hudson 147 Del Lack & West. __ Den&Ri1o GW pf (d) Detroit Edison (t4) Devoe & Rey (A) 13 Diamond Mtch 113 Dia Match pf t1%_. Dist Corp Seag Lt Dixie Vortex A 2% Dome Mines (12) _. Douglass Atrcraft Dresser Mfg(A) a3. Duluth S S At 7 Duluth S S & Atl pt. s Duplan Stlk (1) __ Duplan Silk pf (8) .. Du Pont de N a€.10_ 136% 129 Du Pont deb (6) 116 111'% Duquesne Lt 1st (5) 513 kastern Koll Mills_ Eastman Kod (15). 2814 Eaton Mfg (12) ... % Eitington-Schild El Paso Nat G(1.60) Elec Auto Lite 72.40 115 110% Elec Auto L pt (7). 10 Elec Boat (a60c) .. 5 El& MusIndalSc_. 6% Elec Pw & Lt 29% Elec Pw & Lt $6 pf_ 32% Elec Pw & Lt 87 pf_ 4 _39% Elec Stor Bata2¥ _. i3 Elk Horn Coal (d).. Elk Horn Cpf (d).. Endicott-John (3) EPS §51% pf wwall quit Off Bldg bloc. Erie R R Y Erle RR1stpt _ Eureka Vae C (80¢) Evans Product(t1). Exchange Buffet $‘A Fairbanks Co._ Fairbanks Co pf Fairb’ks-Morse(t1) ZID‘A 12"‘1 Fairbanks-M pf(6). 31% Fajardo Sugar (2).. "90- Federal Lt & Trac 1015 Fed Lt & Tt pf (6) 123 74 Fed M&S pf (a1012) 12% 7% Federal Mot Tr 40c. 6 Fed Water Sve (A). Fed Screw Works. '>ov, Fed'd Dept S (2)___ 1021 Fedtd DScupf 4% 38 Fidel Phoe F 1 $1.60 247 Firestone T& R (2) 40 First Nat Strs 12%. 30% Flintkote Co (1) 461 Florence Stove a4’} 37 Follansbee Bros (d) 32 Food Machine (1) 24% Foster-Wheeler__ 95% Foster-Wheeler pf 14 Francisco Sugar.__ 63 Frank Sim pf(a51%) 35% 28% Freeport SulCo (1)- 53 31% Fuller Co 2d of._. 3% Gabriel Co (A)eeee 33 11% GamewellCo.____. 106 100 Gannett ev of (6) 18% 15% Gar Wood Ind a55¢c_ 15% 81 Gen Am Inv ‘a75¢). 79 42% Gen Am Trans'ta3. 20 10% Gen Baking (160c)_ 13% 7 Gen Bronze. 49 Gen Cigar (t4) ... 343 Gen Electric (11 33% Gen Foods (2) s Gen Gas & Ele 14 Gen G&E 6%cv pfA 116 Gen Mills pf (6) 77 53% Gen Motors (a4%). 123% 118 Gen Motors pf (5).. 15% 5% Gen Outdoors Adv.. 6% 3% Gen Pub Service __ 321 Gen Ry Signal (1).. 2 Gen Realty & Util.. 26% Gen Realty & T pf_. 33% Gen Refrac (a3%)- 32% Gen Sti Casting pf 17 Gen Theatre E (a2). 30% Gen Time Inv (11)_. 18% Gillette Saf R (t1). 70 Gillette S R pf (6). 6% (Gimbel Bros_ 84 Gimbel Bros pf (6. 3915 Glidden Co (2) 3% Gobel (Adolf) 6% Goebel Brew (t20¢) 13% Goodrich (BF) (a)) 74 Goodrich(BF)pf(5) 215 Goodyear T & R Graham-Paige 1% Granby Cons (new). 3% Grand Uuton ctfs._ 16 Grand Unpf (al%). 241 Granite City Stl (1) 281% Grant(W T)(11.40). 32% Grt Northern pf___ 16 Grt North'n Ore (1) 42% 31 Grt Wt'n Sug t2.40. 149% 136 Grt West Sug pf(7) 39% 22 Green (H L)(11.60). 50% Green Bay&W a7l 14% Greyhound (180¢).. 1% Guantanamo Sugar. 28% Guif States Stee! 23% Hack W pf A (1%). 6 Hall(WF)Printing. 14 Hamlliton Watch . 125% 104 Hamilton W pf (6). 56 30% Harb-Walker (2)_ 18% 12 Hat Corp of Am (A) 9 4% Hayes Body . 133 99% Hazel Atlas G1 (16). 21% 12% Hecker Prod (60c). 41 '25% Hercules Mot (11)_. 182 84 Hercules PowaS¥% . 49% 30% Holland Fur (a1%). m 108 Holland Furs pf(5) 9 Hollander & Son(1). 19% Holly Sugar (12) ... 22% Houd-Her (B) t1%. 54% Household Fin (4)« 3% Hudson & Manhat_. 81 Hudson & Man pf__ 13% Hudson Motor Car. 1 Hupp Motors. 29% 18% (llinols Central. 73% 58 Il Cent Ise lines (4) 22% 4% Indian Refin (a1) _. 41% 25% Indu Rayon (11.68). 147 106 (ingersoll-Rand(12) 122 £8% InlandSteel (13) 32% 6% Inspiration Copper.. 7% 5 InsSh Macfsa2lc. 18% 10% Inter Rap T vte (4). 6% 21 Intercontl Rubber.. 1 9% Intarlake Ir0Demem. B7 18% 17% 1T% — % 1 104% 104% 104% 1% 8 37% 36 36 -—1% 2 44% 44% % -1% 8120 119% 119% —4 12 67% 66l 661 —1 2 111% 111% 111% -1 80% T84 78% =1% 20% 19% 19% — % 3% 34 3% + U 69% 0 + % 16 16 — % 39% 39% = Y 1% 17% = % 46% 467 — % 4 107! +1 5% 1M =% I =% 16 =13 9 ~% o 84 = % 351 — % 2% =1% 33 -1u 4% = % 107 -1% 63 —1% 24% — % 424 3% 118% 297 2T% 48% 17% 2 % % 102% 102% 102% + % 15% 15% 16% — % 4 34 36 25% 654 % 15% 69% 5% 13 21% 21% + % 2% 2% - W 225 22% -1 0 170 15% 16 —1% 12 36w 37 + % % 131% 1305 181% + % 2113 112% 113 - % 4! 2'1!‘ fl% 26% % l H’!‘ lfl lfl 5% ’fi 1% 15% 8% 18% 663 23% 14% 84 108% 48% 'il!h 126'/. 261 151 51 31% 488 18115 109 120 15% 95 2% 4315 27 39% 10115 36% 79% 108 22%, 6214 2214 47% 22% 18% 38% 56% Int Harvester l%.. 2% Int Hydro Elec (A) 4% Int Mercantile Mar. 10 ntl Mining (a%0c) . 43% Intl Nickel (21.30)_. 3% Int Paper & Pw (A) 2% Int Paper & Pw (B) 1% Int Paper & Pw (C) 20% Int Paper .- Pw pf_. 37 Intl Print Ink ($2)_ 3 Int Ry Cent Am vto 19% Int Rwy Cent A pf. 23 IntlSalt (11%)..... 47 Int Shoe (12, 50 Intl Silver pf (a4)__ 11% Int Tel & Tel 10% Intersta DS (b2%). 82 Int Dept Strs pf(7). 15 Intertype Corp (1). 24% Island Creek (2) 88 Johns-Manville(3) 121% Johns-Manv pof (7) 75% Jones L 1% pfad% 39% Kalamazoo S (1) 13 Kans City Southern 17 Kauf'nn DS t1.60__ 23% Kayser J & Co (2) .. 19% Kelsey-H (A) al%._ 16% Kelsey-H (B) a1%_ 87 Kendall pf A (16) 28Y% Kennecott (21.70) __ 17% Keystone S&W bl5e 18% Kimberly Clark(1). 37% Kinney (G R) Co _ 30 Kinney(GR)pf(al). 20% Kresge (S S) (t1) 35% Kress (S H) (1.60). 194 Kroger G&B(11.60) 157% Lambert Co (2) __ 12 Lee Ruh&Tire(60c) 15'4 Leh Port Cmt (13%) 9415 Lehigh Por C pf (4) 2 Lehigh Valley Coal. 9% Lehigh Val Coal pf. 813 Lehigh Valley R R 89 Lehman Corp (3)_ 12 Lehn & Tinkal% .. 37% lerner Stores (+2)_ 47% Libby-Owens-G1(8) 7 Libby. MeN & L al_ 26 Life Saver (11.60).. 97 Ligg & Myers (14)_. 97% Ligg&Myers B (14). 19 Lily Tullp Cup t1% 25% Lima Locomotive.. 836 Link Belt (12). __. 321 Liquid Carb (2.60) . 43 Loew's Ino (12) 2 Loft Inc 35% Lone Sta: 3% Long Bell Lum IA) 38% Loose-Wiles (2) 214 Lorillard (P) $1.20_ 140 Lorillard (P) pf(7) 13 La Ofl Ref pf (d) . 20 Louisv GEEDIA 13% 57% Louisv & Nash b213 22% Ludlum Steel (11) . 33 MacAndrew&F(12). 29 Mc Call Corp (12) 12% McCrory Stores . 40% McGraw Elec (12) _. 16 McGraw-Hill 12%c. 3814 Melintyre Porcu (2) 831 McKeesp't TP (14)- - 8% McKesson & Rol 37% McKess&Rob pf(8) 11'; McLellar St (b75¢). 97% McLellan Strs pf(6: 27% Mack Trucks (t1) 40 Macy (R H) (+2)_ £5, Madison Sa G 1608 34’5 Magma Copper (a3) 7% Manati Sug pf (d) s Man El md gtd (d). Man Elev gtd (d)__ Manhat Shirt (1)__. 4 Maracatho O1l Exp_ Marine Mid¥d t40c. Market St Ry ___ Market St Ry pf. Market St Ry pr pf. Marlin-Rock (12) _ Marshall Feld & Co Martin Parry _ Masonite Corp (1) Mathteson Alk(1%) May Dept Str (13)_. Mavtag Co (a50c) Maytag 1st pf (6) . Mead Corp Melville Shoe (45)_. Mengel Co - Mengel ("o Df - 4 Mengzel Coctfs ____ Mesta Mach (b75¢) - 5% Miami Copper 17% Mid-Cont Petal.16 218 Mid'ld Stl Prod (12) 110 Mid Stl 1st pt (8) 88 Milw El R&L pf (6) 119 M H'well R pf B(4). 615 Minn Moline Pwr__ 5T% Minn-Mol Pwr p! 1% M St P&S S Marie 213 MStP&S S M pf. 2% MStP&SSMlisin 16% Mission Corp(a45c) 512 Mo Kans & Texas 145 Mo Kan & Tex pf A. 214 Missouri Pacific(d) 37 Mo Pacific pf (4) . 19% Mohawk Carp $1.20. 79 Monsanto Chem t1_ 35% Montgom Ward(+2) 1# Mnt Wrd rts Jan 29 3, Mother Lodeal2%¢c 283, Motor Prod (t2) _ 15% Motor Wheel (1.60). 11% Mullins Mf(B)as0c 70 Mullins Mfg of (7). 21 Munsingwear (13 44 Murphy G C (2) __. 102t Murphy G C pf (5)_ 14 Murray Corp (a50c) 43 Myers(FE) & Br(3) 17% Nash Kelvinator(1) 20% hv Chat & St L. 1215 Natl Acme (a75¢) - 9% Nat Aviation (al) 28% Nat Biscuit (1.60) 30% Nat B'd & Inv al.11. 21% Nat Cash Reg (al)_ 21 Nat Dairy Proall_ % 107% Nat Dairy P pf A(7) 107 Nat Dairy P pf B(7) 10 Nat Dept Stores 25% Nat Dist Prod (t2). 28 Nat En & Stpg (2) .. 26% Nat Lead (t50¢) 54 Natl Mal'ble&Stl a2. 9% Nat Pwr & Lt (60c) 7% Nat Ry Mex 1st pf_. % Nat Ry Mex 24 of. 57% Nat Steel (1235) 19% Nat Supply Co . T4 Nat Supply pf a3 T7% Nat Tea (60c) - 10% Natomas (t80c) 32 Neisner Bros (12) 41 Newberry(JJ)12.40. 9 Newp't Indusaélc. 3214 N Y Afrbrake a2 _. 27% N YCentral RR __ 17% N Y Chicago &St L. 36 NYChi&StLpf.. 3% N Y Dock. - 10% N Y Dock pf % 119 N Y & Harlem (5). 810‘/: 17% 85% 59 36% 5% 19% 59% 25% 19% 45% 136 20% 83% 152 26% 13% 20% 4% N Y Investors (d) NYNE&H (4)_ % NY NH & H pf (d)- N Y Ontario & West. % N Y Ryspf (d).__. % N Y Shipbuilding.. N ¥ Steam pf (6)_ 93% N Y Steam 1st (7) 1% Norfolk Southn (d). 210 Norfolk & W (18) 63 North Am Aviation. 23% North Am Co (t1).. 52% North Am Co pf (3). 23% Northern Pacific 2 Norwalk Tire&Rub. 12% Ohio Oil (a60c) . . 24% Oliver Farm Equip. 17 Omnibus Corp vte.. 8 Oppenheim Collins. 243 Otis Elevator a75c... 123 Otis Elev pf (6) . __. 12% Otis Stee) 78 Otis Stl 1st pf(5%). Outboard Mar&Mfg. 30 Pacific Finan +1.80_ 30% Pac Gas & Elec (2). 44% Pac Lighting (3)-— 14% Pacific Mills (a1) ... 118 Pac Tel & Telega7. 11% Pac West O (a65c) . 6% Packard Mot(ad5e) 12% Pan Am Petr (a60¢c) 1% Panhandie Pro & R 18% Panhanéle P&R pf 67 Paraffine Co (12)-_. T% Paramount Piet . 59 ara Plc ist pf (6)_ 8% Param’t 2d pf a60c-. 2% Park Utah 40% Parke Davis (lll) 23 Parker Rust P t1%. 4% Parmeles Transp’t 6% Pathe Film Corp - 10% Patino Mines(t60c). MOtOk—eeee .A!b:.llb }; 9 S S 5 ad WRRBTWN WD~ 105 —4% 12 -% % — % 15% — % 62% — % 18 - % 12% 16% 161 17% 126 30 - % 3414 33% - % 19 41% -1 50% —1% 14% + % 55 —1%| 254 + 1 | 27 +K 190 +2 24% 1% 2% 17 Penn G18'd cfs at0c 26% 28Y% Penma Railroad(az) 41% 38 Peoples Gas 4 Peoria & E: .16 Pet Milk (11 12% Pet C'p of Am a%0c_ 10% Pfeifter Brew (1.20) 26% Phelps Dodge (1) - 3% Phila Rap Tr (d) . 814 Phila Rap Tr pf (d) 1% Phila& Read C& 1. 66 Phillip Morris (3).. 7% Phillips Jon 38% Phillips Pet (a2%)- 8 Plerce Ol pt 1% Plerce Petroleum 284 Pilisbury F) (1.60). 354 Pitts Coal pf. <= 190 176 Pitts FW&C pf (7). 17% 7% Pitts Screw a5234c. 23% Pittsburgh Steel Co 49 Pitts Steel pt 2% Pitts United Corp.. 584 Pitts United Cpf._. 21 Pitts& W Va.__... 1% Pittston Co. 11% Plymouth Oll (t1) 12 Poor & Co (B 4% Porto R Am Tob . 1% Porto R Am Tob B_. 6% Postal Tel&C p?Z (d) 17% Pressed Steel Car_.. 281 17% Press Stl 1st pf 25c. 73% b57% Press Stl 2d pf 2% _ 655 40% Proctor & Gam (12) 1223 115% Proc & Gam of (5) 52% 39 Pub Service Ni 2.60 113 103% Pub Sve N J pf (5)_ 130 113 Pub Sve NJ pf (6)- 71 36% Pullman Inc (1%) . 24% 16 PureOfl ___ 118 91% Pure O11 6% pf. 133% 103 Pure O11 8% pf 22% 9% Purity Bak (t40c) 14% 9% Radio Corp. 68% Radio Corp p! 5 Radio-Kelth-Or (d) 11 RRSecIllCent __. 287 Raybestos-M t1% __ 39 Reading 18t pf '2). 37 Reading 2d pf (2). 9% Real Silk Hoslery 1% Rels (Robt) 12% Reliable Strsa50c. 17% Rem Rand (t60¢)._ 80% Rm Rnd pf ww 4% - 4% Reo Motor Car 16% Republio Steel 77 Repub Steel pfal2 78% Rep Stl pr pt A 10 Revere Copper 24% Revere Copper (A)- 90 Revere C&B pfall% 92 RevereC&Bpf5% 221 Reynolds Met (1) 25 Reynolds Spring t1. 58% Reynolds Tob (3) .. 50 Reynolds Tob B (3) 19% Ritter Dental (t1) 32 RoanAntel (al.12). 74% Ruberoid Co (11) _. 27 Safeway Stores(t3) 96 Safeway Strs pf(5). 1141 110% Safeway Strs pt (7) 50% 22 StJoseph Ld (al)_. 4 1% StL-San Fran (d).. 8% 2% St L-San Fr pf (a)_ 15‘. 7% St L Southw'n (d) .. 18 St L Sown pf (d)... 11 Savage Armsal)__. 378 Schenley Dist (13)_ 93 Scuenley D ptf (5%) 1% Schulte R Strs (d) 7% Schulte R S of (d)- 38 Scott Paper (1) % Seaboard Afr L (d). 2 Seaboard A L pf(d) 30% Seaboard Ofl (1) 313 Seagrave Corp. 595 Sears Roebuck (12) 15% Servel Inc (11) 20% Sharon Steel (11.20) 89 Sharon Stl H pf (5) 4% Sharpe & Dohme 4314 Sharp & D pf (3 11 Shattuck F G(150c) 30% Sheaffer Pen (2) 14% Shell Un O1l (a25¢) 2102 Shell Un Otl pf 6% - 8% Silver King (60c).. 19% Simmons Co (a3)-_. 313 Simms Petrol - 19% Skelly O11 978 Skelly Oil pf (8) 54 Sloss-Sheflield Stl. 657 Sloss-Sheff pf (7)_- 40% Smith (A O) 21 Snider Packl) 1215 Socony Vae Ofl &' 0c 114 110 Solvay Am pf (5%) 7% 3% So Am G & P(a30c) 4212 26 South Port S (12) _ 25 So Cal Edis (11%) 2333 Southern Pacific 123, Southern Rallway. 19 Southern Ry pf.... 34 So Ry M&O ctfs (4) 6% Spalding (A G) - 63% Spalding(AG)1st pt 101 Spang C C pf (a16)- 5% Sparks- Withington 29% Spencer Kell (1.60). 15% Sperry C'p vte (al). 13% Spicer Mfg (a3) 25% 22y Spiegel, Inc (b25¢) - 112 106 Spiegel Inc pf (61) 18% 14% Stand Brands 180c. 13% 9% Stand Com Tobacco 14% 5% Stand Gas & El (4). 31% 9% Stand G&B 34 of (d) 65 24% Stand G&E $6 pf(d) 2% 26% Stand G&E $7 pf (4} 47% 35 Stand O of Cal (11). 4815 32% Stand Ofl of fnd t1- 71% 51% Stand Ofl of NJ (11 40% 24% Starrett(L S) 11.40_ 78% 65 Sterling Prod 13.80. 24 16% Stew-Warner t50¢c 15% Stokely Bros (b20c) 14% Stome & Web (a25c) IGM 944 Studebaker Corp 70 SunOfl (11) 125 118 Sun Ofl pt (6) - 60% 27 Superheater (1 7 3 SuperiorOHl . 42% 9% Superior Steel 38% 23 Sutherind Pap t: 20% 6% Sweets Co of Am 27% 20% Swift & Co (11.20)_. 35% 28% Swift Intl Ltd (3)_. 23% 15 Symgton-Gould ww. 17%. 12% Symingtn Gould xw 15% 13% Talcott (J)(bl5c) 57% 55% Talcott (J) pf (2%) 9% 6% Telautograph (60c) 14% " 5% Tennessee Cop albe. 55% 287 Texas Corp'n (11). 9% 4% Texas Gulf Pr (ae) 44% 33 Tex Gulf Sul (12).. 49 28 Texas&PacRR _. 16% 714 Tex PacC & O a25c. 15 9% Texas PL T (al0c). 16 8% The Fair. = 110 85 The Fair pf (7)_. 12% 8% Thermold Co....... 915 3% Third Avenu 32% 24% Thomp Prod (a. *) 10% 4% Thompson Starrett. 40% 26 Thompson Star p 21% 14% Tide W Ass0 O 6 108 100% Tide Wat A O pf(6) 12% Timken Detroit(t1) 56 Timken Roll B (12) 11 Transamerica t40c. 14% Trans&Wn Air a25c 10% Transue&W (160c). 74 Tricontinental a50c. 93 Tri-Contl C pf (6)__ 4% Truax-Tra C(a25c). 7% Truscon Steel = 221 20th Cent FFlfl%) 8% Twin ity R T 65% Twin C R T pf(al4) 2% Ulen & Co 74% Und-Ell-Fish(a2%) 38% Union Bag&Pap (2) 71% Union Carb & C 3.20 20% Union Ofl Calif (1) IM 108% Union Pacific (6) 31% 22% Union Tank C 32% 20% Unit Alrcraft a50c. 24% 13 Utd Air L (a20C)--- 37% 16% United Am Bosch... 33% 24% United Biso (1.60).. 117 111 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 (a76¢) 29% 15 Unit Dyewood(1).- 105 93 United Dyew pf (7) 8% 4 United Elec Coal . B’I 66% United Fruit (13)_._ 14% United Gas tmp (1) lll% 109 United G Imp pf (5) 14% 6% United Paperboard 238% 10 U8 Distributing pf 20 13 US& Forn Secur. 39% 24% USFreight (11)._.. 80% U S Gypsum (12)... 2126 8% U 8 Hoftman —— 49 U S Hoffman pf 3 56 31% U S Indus Alcohol. {Continued oo Page 13 4 SEERR S FELEFFS FE Only Few Specialties Able to Resist as Flood Damage Grows. Stock Averages 15 15 60 st. Rails. Util. Stks —3Unc. —. 979 392 529 718 984 395 529 721 939 374 50.7 68.9 Year ago... 768 336 476 58.7 1936-7 high. 99.3 435 540 728 1936-7 low.. 734 302 434 55.7 312 44.7 561 185 21.6 348 .5 8.7 239 169 146.9 153.9 184.3 157.7 1927 lOW.... 51.6 953 618 618 (Complled by the Assoclated Press.) BY VICTOR EUBANK, Assoctated Press Pinancial Writer. NEW YORK, January 26.—Grow- ing flood damages sapped the stock market's rallying vitality today, and with the exception of a handful of specialties, prices reacted fractions to | around 3 points. After an active opening. the volume dwindled, but fresh selling under- mined the list, near the fourth hour heavy offerings put the ticker tape behind for a while. Stocks prominent on the offside in- cluded General Motors, Chrysler, U. S Steel, Crucible, Youngstown Sheet & Tube, Montgomery Ward, J. I. Case, Deere, International Harvester, Louis- ville Gas & Electric, Kennecott, Amer- ican Smelting, U. S. Smelting, West- inghouse, Continental Can, Du Pont, Santa Fe, Pennsylvania, Southern Pa- cific, Northern Pacific, Loew's and | Schenley. Moderately improved at one time were Hudson Motors, Nash-Kelvinator, Western Union, American Water Works, Texas Corp., Baldwin, Amer- ican Encaustic Tiling, Penn-Dixie, Lone Star Cement, Superior Oil and Bridgeport Brass. Slow to retreat were United States Rubber, Goodyear, American Tele- phone, Standard Oil of New Jersey, | Atlantic Refining, Consolidated Edison and American Can. | side weight; 125% 126% + % C 18% IB% 1su % Automotive issues gave ground re- luctantly, notwithstanding refusal of General Motors officials to confer wifia union leaders on invitation of Secre- | tary of Labor Perkins. Thé company indicated a conference would be use- less while sit-down strikers were still in the plants. American Smelting took a tumble when the corporation applied for per= | mission to issue new stock to holders for the purpose of retiring its prefer- ence shares. NEW YORK COTTON By tke Associated Press. NEW YORK, January 26 —Breaking above the recent 12!2-cent resistance level, March cotton today rallied $1 a bale to 12.68 to carry the list up to | et gains of 12 to 20 points. Recent fears release of loan cotton | would have a depressing influence on | the market were removed as a result of the high basis for the cotton estabe lished yesterday by the Commodity Credit Corp. Trade and outside buy- | ing was more activa, but slight reac- | tions from the best appeared under realizing. May, which advanced from 12.36 to 12.52, was selling at 12.47 in midafter- \ noon, when prices were 10 to 17 points | net higher. New Orleans Prices. NEW ORLEANS. January 26 ().—Cot- ton was 3 to 4 points higher at the start of trading today. with an improved trade demand absorbing the light offerings at the first call Cables were better and foreign markets | reparted busing interests in control March opened 3} points up at 12.47. Pirst | orices of 1234 for May. 1220 for July and | 11.76 for October also showed smail ad- vances Colder weather in the Eastern belt was considered favorable. Cottonseed oll futures opened stead February, 10.86b. March Toen: May! 10.97b: ‘July. 11.01b; Scpumher 10.98b. b—BId. CHICAGO GRAIN By the Associated Press. CHICAGO, January 26.—Late set- in the Chicago wheat market today. Reports of an address by Secretary |of Agriculture Wallace indicating | likelihood of substantial declines of farm prices received a good deal of trade attention, he was credited with pointing out that with ordinary weather such declines were probable, mentioning specifically wheat, corn, cotton and tobacco. WHEAT— Open. High. Low. s Soas 28%.% 4 1.007% 1.003 o'z 1705 17.05 Chicago Cash Market. Cash wheat, no sales reported; corn, No. 3 yellow, 1.12-1.13}2; No. 4 yellow, 1.08'2-1.1215; No. 5 yellow, 1.06%;- No. 3 white, 1.15, No. 4 white, 113 1.13%; No. 5 white, 1.07% out- sample grade, 1.043%; oats, No. 1 white, 55%%; No. 2 white, 54%; No. 3 white, 52%; no rye; bar- ley feed, 80-1.00, nominal; malting, 1.00-1.43, nominal; timothy seed, 6.00- 6.25 cwt.; new. 5.75-6.00 cwt.; clover seed, 27.00-34.00 cwt. Baltimore Quotations. B ,TIMORE. January 26 (#.—Wheat, 2 red Wlnttr lrllck’ spot, domestic, 141 January, s AWARDED C., B. & Q. ISSUE. NEW YORK, January 26 (#).—An- nouncement was made that Salomon Bros. & Hutzler has been awarded the $7,080,000 issue of 2 per cent Equipment Trust certificates, due 1937 to 1951, of the Chicago, Burlington & Qunicy Railroad. The accepted bid was 97.777. FAILURES TOTAL DOWN. NEW YORK, January 26 (P)— Business failures in the United States declined during the week of January 'Slfimu% 21, Dun & Bradstreet reported, from a total of 186 to 163. The aggregate in the corresponding week & year aga 2

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