Evening Star Newspaper, January 26, 1937, Page 13

F CURB LIST GOES TOLOWERLEVELS Specialties Suffer Losses of Fractions to About $2 Per Share. BY the Astociated Press. NEW YORK, January 26—Curb market shares were unsure of footing today, specialties losing fractions to around 2 points. Losers included American Gas & Electric, Angostura ‘Wupperman, Cord, Creole Petroleum, Babcock & Wilcox, Newmont Mining, Pan-Amer- ican Alrways, Pittsburgh Plate Glass, Sherwin-Willlams and Wright Har- greaves. Up fractions to a point or so were Aluminum Co. of America, American Light & Traction, Bunker Hill & Sul- INANCIAL. By private wire direct to The Stas 2:30 Stock and Sales— Divi Acme W vie (2) .. Aers Supply (B) Agia Ansco Ainsworth (al) ... Afr Investors Ine Ala Pwr pf (6) Alabam Pw pf (7) 50: 86 Allen indus (1) 128 Alliance Invest 7 a4 Alum’n Co of Am 860» i68'% lum Good sad0¢c Alum’n Ind (40c). 1008 Alum'n Ltd . 1008 T4}4 128 2 3y Am Box Board Co 6 18% Am Cit P&L (A) 8 150s 40 Am CP&L ww2¥, 1wy AmCItP&L Ba20e 1 7 Am Cynam B t60c 38 88% Am & For Pw ww T 2 AmFork & H (1) 1 23% Am G&E (1.40) . 22 4b4% Am G&E pf (6) 350s 11134 Am Gen C'p (alle) 9 1134 Am Hard Rub(al) 50r 284 Am L& T (11.20) 9 4% 33 livan and Wayne Pump. High Water Culs Freight Loadings Below Week Ago By the Associated Press. NEW YORK, January 26.—Due to flood conditions, preliminary esti- mates from rail circles indicate that last week's freight loadings dropped | to around 670,000 cars from 700,238 in the preceding week. Carloadings on railroads reporting today for week ended January 23 in- cluded: Previous La: . week. ¥ Balimore & Ohio 3 4 Sana Fo s &8 Nortn west. Rock “Tslang Bovthern Pacific ‘Wabash CURB BONDS DOMESTIC BONDS. High. Low. Noon, Als Power 4158 167 wida 91 T 10415 1041 104 615, ..v: 8is s e Am Mfg Co (a3) _ 100s Am Maracaibo n2 2 Am Meter a2%). 1 Am Pneu Service Am Pot & Ch a2 Am Seal Kap a30c Am Superpower . Am Superpwr pf . Am Thread pf 25¢c. Anchor PostF' . Angostura (t20¢) . Apex Electric(al) Arcturus Radio T Ark NatGas __ Ark Nat G cu pf__ Ark Nat Gas (A)_ ATk P& L pf (7). Art Metal W t60c Ashland O&R 140c As El 1229 7-10¢ Asso Gas & Elec _ AssOG & E (A) _. AssoG& E S5 nf_. Asso Laundries__. Asso Laund vte _ At Coast Fisher_ Atl Coast L a2y . Atlas Corp (80c)_. Atlas Corp war Atlas Crp pf A(3). Atlas Plyw'd(1%3) Austin Silver ____ Auto Products __. 1 Auto Vot Mch 50c. 3 8} Ax-Fisher(3.20)A 140s 40 Babcox & Wil (4)_150s 18134 Baldw L barts(d) 80 33§ Barium StainStl_. 8 ! Bell Afrcraft 1 | Bellanca Afre: 3 1 80s 31 1108 24 20 3 T 1 ki1 4 | Berkey&Gay FCo 87 Berk&GF pur war 221 | BickfordsInc1.20 8 Bickfords pf(215) 100s Bliss Co (E W) L] Blue Ridge Calle 10 Blumenthal S8 3 Cflh Bohack HC ist pf 208 5335 Borne-Scry al% _150s 16%% | Potany Cons (d) .. 2 &% Bower RellB (2). 8 Bowman-Biltmore 1 . | Bowmn-Bilt 1st p1100« Brazil TL&F 40c | Bridgep't Mchal. Brill Corp (A). 1 | Brill Corp (B)._ | Brill Corp pf 43+ | Brown Forman , | Burma (a2; 4-5¢). Emp Dis 2 7 100 " 100 Florlda P k L 58 B4 100, ;mm‘ P 23 10322 10378 | C 101 | 100 100 : nuu x;m. 104; " o NNIL RK3g RO, Geo! St haen & Brillo Mfg (60c) Brown F & W al5c [3 Bruck Silk M 40¢ 1 Buff Niac&E 1st 5 1508104 Bunker H&S (12) 3268 117 Burco Inc war 2 3 | “able & Wire(B) 11 (‘aumb- Sugt1.60 1 Can Car&Fdry pf 125 nindus AlcoA. & Can Ind Alco lB). Can Marconi k1 ‘ ¥ 043 1047 10434 | C s | Casco Products Ser. 6 Intl secumm 5s Interst o } Cities Service pf 4 ]lu': 1o Zlog 23,1023, | e m!.‘ 2 Ny 100 % 100 * 1003 100% | R03, KO3, 10635 103 Ogden G Co 5s 4!: Qhio” Edison, 55 o 2 10«' i y'w R D 5 L& Uhh ¥% B Va Pb S 5158 46 o9 1004, 100% 1001 | POR!!GN BONDS. i Cuban Te 7158 '4 8% 083, anzig Port 61 a6 41 s i ; o0 al 8 a2 | i i3 | ‘erni; 1% | SHORT-TERM SECURITIES. (Res >rted by Chas. D. Blmtv’ d& Co.» Amzr 'K’e! h'l‘rl Blas HN'I 11112 Au. 3 10134 1087 10! wu'/z e Vs Ind. 4%s lfl‘l & el 4‘,; 103 39 N.Y. ar Pa. 45 1943 Western Unfon Tel. b8 1038 108 o MONEY MARKET. YORK. January 26 teady: 1 per cent all dl’. | ComSM ste vte 1. | Cons Royal (20c) { Cord Corp | Kasv W M B t50¢ Catlin Corp (a40e) 32 | Celluloid Corp pf 26s | Cellura Cist pfas 208 Cent States Elec Cent St El cv pf n 275¢ Cent St E16% pt =00 Centrif Pipe t40¢ 1 Charis Corp(1%) 1 Chi Flex'Shaft +2 150s Chi Riv &M (+1%) 2 Childs Co pf 3008 Citles Service u7 5 Cit Sve P&L $6 pf 50s City Auto S(t60c) 2 Claude Neon Lts 17¢ Clay'n&Lam a70c Clev Tractor Clinchfield Coal Club Aluminum Colon Dev Ltd Colon Dev Ltd Colon Dev 6% p Colo Fuel&r war ColtsPF A (11%) Colum G&E pf(5) 1250 Columb O& G a20c 70 Co'with Distaloe 38 Comwlth Edist4 & Com with & S war 144 Com'u’ty P&L 1st 150 Community PS t1 76« Community W S T 1 2 3 17 2 260 o Conx Alrcraft Consol Biscuit 60c Consol Covper gnso] GEL&P Bo ns Min&Sm t2 Contl Oil (Mex) Cont'l Roll & S Fy Cook P & Var t60c Cooper Bessemer Copper Range 17 Corroon & Reyn Cosden Oil Me (d) | Cosden(Me)nt(d) Cramp(W&Sons) . Creole Pet (a50c) Crocker-Wh a10c Croft Brewing Crown Cent P aéc Crown C I(A)b50c Crown Drug bl0c Cuban Tob vtc { Cust Mex Mining Darby Petr (50c)_ Dayton Rubber _ & Dayton Rub(A)b1100s Derby Ol1 & Ret Detroit Gasket t1. Det Gas pf (1.20). | Det Gray Ir t20c.. Detroit M St Co _ Det Pap Prod t25¢ | Det St1 Prod a1 Distill's a74 9-10c Dohler Die Cas(2) | Dow Chem (2.40) Driver Harris 1% Dubelier Condens Duval Tex S a50c. Eagle Pitch d aé00 43 East'n G&F Asso 12 East'n G&F pf(6) 60¢ East G&F p pf 4% 300s East Mall Iral.30 26s East'n States Pwr 8 East'nSt Pw(B). 1 4 Economy G S a1 100s Eisler Elec (abe) 2 Elec Bond & Share 129 Elec B & S pf (5) 2 Elec B & S of (6) £l El Pwr As(A)a2be 1 Elec P&L 2d pt A 50» Elec Sharehoiding 2 Elgin Nat W a2 50s Emp G&F 7% pt 180s Emsco Derrick t1 2 Equity Corp(a2e) 61 EuropnElbdrts. 2 Evans Wall Lead 23 Evans Wall Lpf 50e Ex-C-O A&T *60c 18 Fairchild Avalse. 2 Falstaft Brewing_ Fanny F C tt50¢) . Fansteel Meta! Ferro Enamta3).. Fidelio Brewery Fisk Rubber Fisk Rub of (6) Ford Ltd a181-10¢ word (Can) A (1) Ford (France) _ Fox (P) Brew $0¢. §haneea e ediacomnt uu.cm serve nnk. 1% per cent. 1 3 Froedt G&M(20e). 2 Froedt't cv pf 1.20 1608 134 18% 814 dend Rate. Mldl;l: !|lh. uw. 2 u 8% 8614 26 3 161 1 174 174 174 11 -- 8008 10534 104} 10534 28 3% 18 593 “y 64 a8y 3% 28% “y 1108 10 283 24 82 1% 66i4 813§ 263 214 K 8y 39% 160 8% 104 1154 1 4 ] 81y ,GOIAH.’I.--—-.. 3 W THE EVE NEW YORK CURB MARKET Btock and Divid Gen In Corp Gen Rayon Litd A . Gilb't(AC)a62%e. Gilbart(AC)pf 3% Glen Alden C (t1) Godchaux 8 A(b1) Godchaux Sug(B) Goldfield Consol Gorham (A) Gorham pf ww Gorham Mf vte {1 Grand Natl Fllms Gr Rap Var(t60c) Gray Tel PS (1) . Grt A&PTnv 6. Grt Nor Pap (11). Greenfleld T& D.. Groe Store Prod Guardian Inve 3ulf Ol Pa new Gulf St Ut pf (6)- Hall Lamp (80¢)... Haloid Co (1) Hartman Tobacco Harvard Brewery Hat Corp (B) Hazeltine Corp a3. Hecla Min ¢ c) Helena Rubenst'n Heyden Ch (12) .. Mollincer G t65¢ Holophane (290¢) Hudson BM&S (1) Humble Ofl (11) . . 16134 1 28 34 1844 836 63§ 333 3% 29% ay 1108 1134 285 24 324 125 'ood Hyl"rldo Sylv(t2) 11} Pwr & Lt §6 pt Illum Shares A 12 1mp Of1 Ltd t6Uc Imp Ofl reg (150c) Ind'n Ter 111 O(A) Indlana PL (140¢c) Indus Fin 1% pf Ins Coof No A 12 Intl Cigar M 12 Intl Hold& Inv Ltd Int H E Sep A war Intl Hy K1 8 ev pf Intl Petr (T13%)__ Intl Produet Intl Util (A) Intl Utll (B) W Intl Vitamin(50c) Interst P(Del)pt Invest Royalty 6c. Irving Air Ch (1) ltal Superpwr(A). Ital Sup'pwdrts.. Jacobst(FL)Co(1) Jeanette G1 (80c) - JersCen P&L pf 6 Jer Cent P&L pf 7 Jonas & Naum Jones&laugh Stl. Kans City P 8 vtc KanClty PSpf A Ken RT&L A alsc Kingsbury Brew Kingston Prod 40¢ Kirby Petr (2ve) .. Klein (DE)(1)__. Kobpers pf (6) Kreuger Brew t1_ ! LakeSh M (14) _ | Lakey Fy & Mach 8| Lefcourt Realty Lefcourt pf( Leh Coal & Leonard 011 - Lion Oil Ref (1) * | Lit Brothers __. | Locke Stl Ch t80c_ | Lockheed Airggaft Lone Star G able Long island Ltg Long 1 L pf A(T) Long Isl Ltpf B 6 Loudon Pk'n t50c La Land «40c) McCord Rad (B) McWilllams D (t2 Majestic Ra&Tel._ | Mangel Stores Margay Oil as0c.. | 1jtil Associa ey Harris __ | \lns!er Elec (1) Mead John (13) __ Mem Nat G(asoc) Mercantile Strs b3 Merch&Mf A a3oc Merritt Chap & S Merritt C&Spf A Mesabi Iron 22%\ Metal Texile(40¢) Mich Bumper C_ 1 | Mich Gas & 011 1614 Mich Sugar ... 61 Mid Sta Pet (A).. 31 | MidSta Pet(B) . 811 | Mid-W Abrasaioe MidI'd St Prod(2) Mining Co (Can) Minn Min&Mf(t1) Mock Judson 60c ‘i Molybdenum Corp Moore Dist (t50c) Monroe L S(A)32¢ | Mount Prod (60c) Mueller Brass t1. Nat Bella Hess Nat Contain Nat Inv pf (a10) | Nat Leather | Nat Mfg & Stores %: Nat P& Lt pf (6) | Nat 01l Prod t60c 16 | Nat Rub Mch a20¢ Nat Service Nat Servi " | Nestle-Le Mur___. Nev-Calif Elec N Eng Tel & T (8) New Hav Cl (1%) N J Zine (12) | New M&A Ldale Newmont M az¥% N ¥ & Hound (1) N Y Merch (2.40) IN Y Pw&Lt pf (6) N Y Pw&Lt pf (7) N Y Shipbldg N Y Tel of (6%) N Y Transit 130¢ N ¥ Water Sve pt Niag Hud Pw a40c Niag H P(A) war Niag H P (B) war Niag S Md B aéCc.. | Niles-Bem-P (al). Nipissing (ablc).. % | Noma Elec (a40c) North Am L &P _ North AmL&P pf No Cen Tex Oalse N A Rayon A t1% N A Rayon B t1% North'n Europ 011 North Pipe L a76c North States b A Nor Tex El 6% pf. North'st Eng al% Novadel Ag (2).._. Ohio Pwr pf ll)< Overseas Sec 60c.. Pac G&E 1st (13%) Pacific Ltg pf (6) - Pac Tin spec (12). Pan-Am Afr (t1). Pantepec O11 Parker Pen (2) Penn-Mex F ab0c_ Pennroad (az5c) . Penn P& L (7) Penna Salt (14) .. Penn Wat & P (4) Pepperell Mfg t6 Perfect Circle t2 Phillips Pkg a50c. Phoenix Secur Phoenix 8 pf A(3) 6934 | Pierce Gov (ab0e). Pines Wintfrt(n) . Plon'r GM Ltd 80c Pitney Bow(t40¢c) Pittsbgh Forging Pitts & L.E b5 Pitts Plate G1(a6) Pleasant VW bé.. Potrero Susar Powdrell&Al t60c Pratt & Lamb (a2; Premier Gold 1120 Producers Corp Prosperity Ball% Pub Sve Ind pt Pub Sve Ind pr pt Rwy Lt Sec(1.55) Rainbow Lum (A) Rainbow Lum (B) 2:30 Bales— 208 L3 1608 10 pt Fo ol 1008 1 21 1 1008 - 1 17 1 5508 268 [} 1 1 1 1008 1504 [} 17 b 3 308 208 8 . 10 1 5 2 3L 20 2 _ 1268 z 26 v 13 4 408 1258 3 7 3 2 2 1 . 1 3 2 2 = s 1 28 1268 u7 608 1 Moh H P&L 1st(7)250s 2% v 40s 2 1508 2 23 50e 108 108 1 1008 2 308 3 8 1 2 1 2 10 10 508 2 6 2 5 1 2 6 17 3 3 260 808 3 49 8508 Peninsular Tel 1 100s 2 30 9 . 158 1 26 608 8 -130s 1 2 7 4 1 2 “@ 1 ‘ug Sd P&L pf(5)150s Pug Sd P&L $6 pf 550 Quebec Power (1) 100s ‘188 21 ) 8§ 8 8 1013 101354 101% 4 4 4 2’5 235 22 NIN % 81 1 7% 1934 191§ 108 183 “ 10044 100 105 % 4 61§ 6% W oy 3y 143 134 13% | 19% 3y 7 s 103 z 1035 19! 135 21 81 4 126 32 “ 10415 10433 10434 113% 113% 118% b 1y 1% 118 118% 118% 2 60l 62 5 4 17 ) 2% 104 % 3234 10614 10634 106} 111% 11184 11134 169% 166% 1663% 2835 2834 1% W% % G . . STAR, WASHINGTON, D. C, TUESDAY, DALY OIL OUTPUT REACHES NEW HIGH - Week’s Total Rises 31,927 Barrels Above Record of Previous Period. By the Associated Press. TULSA, Okla, January 26.—The * | second new high mark in the national production of crude oll in as many weeks was reported today by the Ofl and Gas Journal. During the week ending January 23, according to the Journal's computa- tion, the output of the Nation's wells was 3,197,487 barrels of crude ofl daily, 31,927 barrels daily greater than the previous record, reported a week ago. Oklahoma production showed an in- crease of 5,625 barrels daily to 604,275 barrels; the production of East Texas was 451,798, an increase of 9 barrels over the previous week, and the total State of Téxas increased 16,008 barrels dally to 1,264,834 barrels. Louisiana’s production jumped 3,745 barrels dally to 244,885; California de- creased 5,500 barrels daily to 586,000, and Kansas increased 9,850 barrels daily, to 178,875. 5% 1834 i3 28 m‘ % | Midvale Co., Hon 3 6% 74 % 625 i 1934 108 108 1834 1834 6615 663 i ™ el 1935 128 1 17% 1341 174 | A)L.l 13 a4 223y 3% “© 14 100 1055 1044 6% 6% “ 4 6 6l 3 8 19 £ ] 102 2 1054 893y " 19 34 % 103 2 10% 8934 | Eastern fields, including Michigan, | increased 54 barrels daily, to 144,588, jand in the Rocky Mountain section producnon rose 2,980 barrels daily to | 67,640 barrels daily. BALDWIN ORDERS SOAR. NEW YORK, January 26 (#).— Dollar value of orders taken in De- cember by Baldwin Locomotive Works and subsidiary companies, including was $11,183,894, com- pared with $1,650,577 for December, 1935. This brought total bookings for the consolidated group for the year to $46.900,726 against $18,095,851 in 1935. 2:30 Stock ana Sales— Dividend Rate. Add 00. High. Low. 2:55. Raym'd Conc (1) 100s 304 80 304 Raytheon Mfg vic 53y 5% Red Bank 0y Y Reiter-Foster PR Reybarn Co a25i bly biy Reynolds Invest . 23 2% Richm'd Radiator. 634 5% Root Petrolm(1)_. 0% ukh Rossta Intl Corp.. b i Rustless [r&Stl _ 15% Ryvan Consolid'd 64 Rverson & Haynes 6 St Anthony Gold St Lawrence Corp St Regis Paper 41 St Regis Paper pf 100s Savoy Ofl ¢ Schift (The)Co(t3) 8 Schulte REW) .. 2 Scvill Mfg(3) - 1008 Secur Corp Gen Sesal Lock & H._. Seiberling Rubber Selected indus Sel Ind all cfs 5% 310» Sel Ind pr pf (5%) 60s Sent Saf Control .. 13 Seton Leath aSle. 1 Seversky Atrcraft 44 Shattuck Den Min 13 Shawin W &P 80c. 3 Sherwin- Wiil (4) 400s Sher-Will (Can) 100s Shrev-£1 Dor P&L 17 Smith Cor vexttl 6 Sonotone C (alle) So Penn O11(1134) SoCal Ed pt pf 135 10 11 % 2] 2% 6 3 7 9 1 2 6 5 z 4 9 1 7 2 ‘e 10% 10l§ 16k & |SoCalEdpf B1% SoCal Ed pf C1% So Royalty (a3ic) | Southn Union Gas Spanmsh&Gen rets | Spen Chain 8t 60c | Stand Brewing . Stand Dredging tand Oil Ky (1) and O Neb a2ic. Stand Oil Ohio 11 Stand Pwr & Lt__. Stand P & L (B) Stand S11&L4 (4c) Stand Stl Spa2l; . Stand Prod (a25¢) Starrett Corp vic Sterchi Bros a30c Sterchi Bro: Sterl'g Bre Sterling, Inc(20c) 12 Stetson(JB)b30c. 1608 Sunnes(Huko)d 27 Stroock & Coa2lz b6ve Stutz Motor 20 Sullivan Machine 1 Sun Ray Dr 180c . 1 Sunray Ol (aluc) 104 | Sunr'yOcupf2% 2 Sunshine Min (3). 9 Swan Finch . 1 Taggart Corp _ % | Tastyeast(Del)A_ 19% 19% 135 135 21 21 8035 8034 4 4 1263 126 313, 813 4“ 4 6k bY Taylor Dist (30¢). Technicolor a50e Tech Hughes 140c Tezon U1l & L 60c Tishman R & C Tob Prod Exp 16¢. Tonopah Belmont Tri-Conu C war Tr-Lux DPS t20c.. Tubize Chatillion. Tubize Chatl (A). rung-Sol Lamp n. Twin-Coach 21.40. Ulen & Co 5% pt Ulen & Co 7% % pf Unexcelled Mg ... 165 16% % W 2% 2% 1% 4934 3% 94 5! 0 1 434 a2l % 7% 325 8234 25y 1% 1% X Unit Alr war_ Unit Corp war____ Unit Gas Corp. .. Unit Gas C wa Utd Gas pf (a Unit Lt & Pw (A). Unit Lt & Pw (B). 2 Unit Lt & Pw pf 6 Unit Milk Prod(2)100s Unit Prof Shalle 3 Unit Shipyds B 42 Unit Shoe M t2% 258 Unit 8 Mch pf1.50 2708 USFoll «B) (1) . 11 US & Inti 1st pf ww (b1%) US Lines pt U 8 Play Cards t U S Radiator U S Rub Reclaim. U 8 Stores U S Stores 18t pt_. 404 Unit Stores vte.__ l Unit Verde BEx (1) 9 Unit Wall Paper.. 123 Univ Insur (1), Utah Apex UtahP&Lpf32.91% 76s Utilitles P& L (d) 16 Util P & L pf () . 3508 Utllity Equities 8 Utility Eq pf bé3;. 60s Utilities Indust'l. 1 Utility & Induspf. 6 Venezuela MexO. & Venezuela Petrol. 90 Va Pub Sve pf(7). 208 Waco Atrcraft . 2 ‘Wasner Bak a2.35. 1 Walt & Bond (B). 1 Wayne Pump (50c 58 W VaCoal & Coke & Westn AE (a25c). 8 West Au Sup A t4 1505 ‘Westn Md pf (a7). 10s Will O11-O-M able 2 Wil-low Cafeteria Wil-low Cafe pt Willson Prod (11) Wolverine Port C. Wolv Tube (140c). Woodley Pet t40c Woolw I' W Ltd A Wright Hare t40c Ygstn Stl Door(2) Yukon Gold(aldc) ..:Euu-'-'-‘- cne - (- 5 1 @ 5 3 1 L] 3 2% 0 Dividend rates in dollars based on Iast | Illlll'llfl' I h e e being in bankruptey or B panies. ual payment. tAn- TAc- 54 | | statement | of $2,142,1 | ported 1936 net profit of $7,347,900, | share, compared with $3,970,600, or | $1.49 a capital share in 1935. | company charged all three dividends | unemployment taxes and $1.579,000 | NE JANUARY 26, 1937. W YORK STOCK EXCHANGE (Continued From Page 12.) 1936-37 Stock and Low. Dividend Rate. 4% U 8 Leather vtc . 10% U 8 Leather A vte 21% U 8 Pipe & Fdry (3) 7% U 8 Reaity & imp. 16% U 8 Rubber 47 U S Rubber 18t pf_. 72% U S Smelting (b2) . 6815 U S Smelting pf 3% 46% U 8 Stee 115% U S Stee pf (1) 7% Utd St Yd (a12%¢). 5 United Stores (A) 3% Util Pw & Lt A (d)- 1 Vadsco Sales Corp. 16% Vanadium Corp .. 28% Van Raalte (8d%). 40 Vick Chem (13) .. 4 Va-Car Chemical... 28% Va-Car Chem 6% pf 14 ValronC&Cof 131;4. 119% Vulcan Detin pf(7). 4% 2% Wabash (d) b bash p* A (d)... EEK 101 103% T5% 88, 154% 8% 10’/. Ward Baking A ... 214 Ward Hakine B . 47% Ward Bak pf (a7) . 934 \Warner Brus I'lct 44 Warner Bros pic pf. % Warner-Quin (d) ... 4% Warren Bros 15% Warren Bros cv pf-. 21 Warren Fdy&P(11) 19% Waukesha Mot (1). 64 Webster Eisenlobr. 33% Wesson O&S(160¢c). 91% West Pa Eleo A (1) 100 N. & W. EARNINGS MOUNT SHARPLY 1936 Net Hits $32,909,524, Against $25,355,852 in Previous Year. EY the Assoclated Press. NEW YORK, January 26.—Norfolk | & Western Railway Co. in a prelim- inary report for 1936, showed net in- come of $32,909,524, after charges and | Federal income taxes, including pro—\ | vision for surtax on undistributed profits, equal to $22.74 a common share. This compared with $25,355,~ 852, or $17.37 a share in 1935. Directors at Philadelphia declnredi a quarterly dividend of $2.50 a share, instead of the regular dividend of $2. The payment will be on 1406483 shares. The disbursement will be made March 19 to stockholders of rec- ord February 27. The directors sald their action did not commit them to continue the advanced rate in future quarters. The road, principally a carrier of bituminous coal, has its main system running from Norfolk, Va.. to Western Virginia, Southern West Virginia, Eastern Kentucky and northward to ©Ohio, Alton Railroad Co. Alton Railroad Co. (controlled by Baltimore & Ohio), operating in Illinois and Missouri, in a preliminary r 1936 reported net loss compared with net loss in 1935. Atlantic Refining. Atlantic Refining Co. and subsid- faries, in a preliminary statement, re- of $944.7 equal, after preferred dividends for three quarters, to $259 a common The on the new preferred against 1936, but only two were paid in that year and the other, declared last year, was pay- able in 1937. Gulf Oil Co. Directors of Gulf Oil Co. declared a , dividend of 24 cents a share on the | capital stock, payable April 1 to hold- | ers of record March 15. It was Lhe first dividend since December 21, when | a stock dividend of 100 per cent was | paid. On December 10 a dividend of 25 cents and a special dividend of 50 cents a share were disbursed. Tllinois Central. Tllinois Central Railroad Co. re- ported preliminary net earnings of $745,000 in 1936 after deducting allow- | ances of approximately $540,000 for ' for retirement taxes. Total revenues | for the year were $14,921,000. an in- crease of 18 per cent over 1935, L. A. Downs, president, said. Total ex- penses, on the other hand, increased only 4 per cent. Pennsylvania Coal. Pennsylvania Coal & Coke Corp. re- ported for the year ended December 31 net loss of $55.825, alter charges, compared with net income of $77,007, equal to 46 cents a share of capital stock, in 1935. For the quarter ended December 31 net loss was $10,150, against income of $23914, or 14 cents a share, in the like period of 1935, INSUBANCE STOCKS NEW YORK. January 26 (9. —N X Security Dealers' Assoclation, " O Aetna Cas (20) Aetna Ing (1.60) Aetna fte 808) Am Equit ‘,50) Am Ins [ Am Reins (3 Am Reserve Am Surety 4"’1) Automobile (lli Balt Amer (.20a) Carolina (1.30) Cit: { N Y Natl Pire (2) N “a'::." (760 e Y.m (.80a) 3'35"#:- ae -u"h:ml‘ (1.208). e 4. heia 56 far this year. TOBACCO MARKETS. RICHMOND, Va. uary 1 LS o at di ‘warehouses. “t#n{%“ ket reported all “’;‘5 Beviis good. demand ntinuing fi [d as high a8 lso ville » heavy ulor'.u wrappe! » lwt'}-e. b‘x’-‘igzt Tflm‘ Ia;nvu-wlk sales d prices ggmra-y = 4 5 AR Drakes Branch . Denville (x) %8 (x) Flue cured. ! Agriculture authorities say a single barberry bush can harbor u.ooo.-l 49 48% 48% — 1y 101% 1013 101% +2 | Capital Transit Co—5 at 15%, 1 B36-17 aigh, oo |05 o1 110 % - % 15% ~ % 66% — % 17% — % 52 =~ % 9% - % 85 -2 4 9% Bl W 964 A =-1% 22% West'n - - % 2 84 16 White 2% Wilcox 6% Wilson 70 Wilson 8% Yellow 83 Yellow Approximate Saies 3% - % Bls — % Further Increase In Rubber Export Quotas Revealed By tke Associated Press. LONDON, January 26.—The Inter- | national Rubber Regulation Committee today fixed export quotas of crude rub- ber for the third quarter of 1937 at 85 | per cent of basic tonnages. ‘The quota for the first quarter had been set previously at 75 per cent and for the second quarter at 80 per cent. (The international rubber restric- tion agreement affects exports from, but not the production of, Malaya, Ceylon, India, Borneo, Sarawak, Siam and French Indo-China. Export quo- | tas are fixed from time to time in ac- cordance with demand.) C,B.&Q. REVEALS NET AT $4,980,000 LEVEL ' BY the Associated Press. CHICAGO, January 26.—Net in- come of the Chicago, Burlington & Quincy Railroad in 1936 was approxi- | mately $4,980,000, equivalent to $2.92 | & capital share, Ralph Budd, presi- dent, said. This compared with $1,- 842,844, or $1.08 a share, in 1935, December estimated net income was $710,000, compared with $462461 in the corresponding 1935 period. Washington Exchange SALES. Capital Traction 55—$2,000 at 94'5. 10 at | 15%. Potomac Electric Power 6% pfd.—10 at 113, 5 at 113. H-eu: :sute Mtge. & Guar. pfd.—70 a AFTER CALL. Capital Traction 55—$1,000 at 9415 Mergenthaler Linotype—56 at 54. Washington Gas 5s 1960—8$1,000 st 12612, $4.000 at 12675, Bid and Asked Prices. BONDS. Amer. Tel. & Ttl 1‘1! c Anacostia & Pot. An; u; Genrl!wtn Gas 1st 5s Pot. Elec. Pow. iy ash. Gas 55 1958 Wash: oas 5s 1960 Wash, Rwy. & Elec. 4s. MISCELLANEOUS. Col co\m'.ry Chub B5las M. Cold Storage 5s STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) _ 184% Capital Transit Co. T sy Steamboat (g6) ]llfi‘ Bot. Elec "Pow, 67 bfd, (6) 112 Po. 'El. Po. 5% ofd. (6.50) 113 Wash. Gas Lt_ Cor (L0 * Wash. Ry. & EL com. (36) 723 Wash. Ry, & EL ofd. (5 111 BANK AND TRUST COMPANY Amer. Sec. & Trust Co. (e8) 285 Bauk of Bethesda (h75). . 31 Gavital 4) 135 . & Savings (a8)_ 200 130 200 140 1R 345 00% Nat. Savings & Trust Pr. Georges Bk. & Tr. (.50) Rlln (8) - Rig: s oid. 16‘ B ington (6 w“nf Loan & Trust (e8) FIRE INSURANCE STOCKS. American () ~*100 Corcoran (5) ] Rations: ‘onion_ L60) o Dn”lfl..E“ INSURANCE STOCKE Columbia (.30 RYS Real Estate LANEOUS STOCKS. Carpel Corp (2.00) Lanston_Monotype (4) Mergenthaler Linotype (§) Peoles Drug § com. (11,00 I M 50 Plus extras. Niay 15, 1936: 50¢ Dald A suts 35, "F036, 5oc paid Nov. 16, 1036. 84% extra. 7 aid December 15. 1936. H"b: Dlld ynne 30. 1936: 45c paid De- cember 22, CHICAGO PRODUCE. January 26 (®.—Poultry, CQucks: Brmer: hens. over. § . 5 pounds and less. 11‘ 12 colored Springs, 17 Rock, 19: Srored H Pl!molllll and White Rock. roosters. 1 ™ turkeys. hens. 1 I, 0.2 durke! 15 pounds up. wh gess: 4 f’“-mu ‘anid colored. 185 lfi clwnl 7 pounds up, 20: less 7, pounds. 19, T, 3 n’m: 'CYG mfir{ speclals Sxitas (003, { fl‘;’l‘) 32%ad3,: firsts (88-89). ganaszes By Cenlisied cr: rim: extra frsts, T sh srad ed nra urrent e 0es., EM on track, total U. 8. shibments, old stock steady. supplies liberal. flemlnd and trading_very slow Bt werehi” d1dute- Hisset - Burbants. B o dew sules. 3:10a3.60; (s’olondé Red McClures, U. Vis- e whites, O 8. No.1. 2.5 Ruris S el azes w0tk sieady. '1"”}'" m-u,"«- nnnd light: no sales mefl\d her mu' Jany aho, . 1, 3.82; March, CHICA( live. 40 unds. BOSTON WOOL MARKET. BOSTON, January 26 (P (United Btates Vers _lew D RN Rrr tosea Yoaey on domestic wools i Boston. Small lots 0' territo: ‘wools 3807 scoufed Tasts Tor Brench ‘comb: 080 isod ‘and st D7aL oz 5 o combing ""fi“w“ oF %6 Boston tr " that llll“l in the Middle Wi pald 57 cents in l:lh‘ lr;m at ennbntn ,filel;l‘:lgz; 'hrt]'—e‘h .' l: ?{1 the l[lh% lshflnh'-l' of Cinh o e eka "vout o s parits with B2 54 cents in the Boston market for combing | Gienthe" wna ‘atarier blood Obio i e i Stroock (8.) & Co—1936 common $2.32, sgainst $a.16. West Pa Elec pt (§) 96 West Pa Eleo pf (7) 120 124% 116% West Pa Pwr pt (1) 12 124 8% Western Maryland_ 1% Western Paocifie. . .. 19% Westvaco Chlor (1) 31% Westvaco 6%Df 13 21% Wheeling Steel Wheeling Stl pf(a6) 18% White Motor 13% White Rk M lll.l.) 3% White Sewing Meh. $ow Mch pf.. 42% Young Spr&W (13) 41% Youngs'tn dheot&T 21% Zenith Radio (b50c) 5% Zonite Products -.1.430,000 Dividend rates as siven in the above tubl ayments based ol uu Inm qulrml' or hy nu e a'Companies reported in Teceiversip of be xEx dividend. uoted Tecently in | rease ai e FINANCIA High. Low. Close. M lO. ”h 9% 991 +1% 07!s 106% 105% —2% 224 122% 122% o h W% 9 2'/-+u % 723% West Un Tel (a75c) 50% 34% Westinghse A B (1) 167% 94% Westh se El (ab%) 1'10 123% Westhse E 1st 133 51% = % 13 1634 158 158 -6% 40s 167 166 166 —4 6 29% 28% 29 - % 2 25% 24% 245 — % 3 34 33% 34 + % 18 39% 38% 39 -1 1 105% 105% 105% + % 4 26% 26% — % 18% 5% El Inst a8be Oll & Gas. . & Co (50¢c) & Co pt 44% Woolworth 12.40) 23% Worthington Pump 56 Worth Pumppf A.. 47 Worth Pumppf B.. 63 Wrigley W ir (13)_ 33% Yale & Towne t60c.. I 88 3% 56 26% 140 4“ Tr & Coach Tr&C pf a3s 27% 208 140 1 44 10 78 6% 14 35 344 4 8% 84 of Stocks on the N. Y. Stock Exchange. 530,000 12:00 Noon. . 900,000 2:00 P.M._ 1,620,000 "‘ lbo&null l‘llh res. Peiated Caividends. WHOLESALE INDEX Commodity Prices Suffer, First Setback Since Mid-October. Commodity prices suffere ' the first | setback last week since the middle of | ‘ October. The sustained advance which | | had occurred in the last three months had resulted in a rise of 7 per cent in | the weekly wholesale commodity price irdex compiled by the National Fer- tilizer Association. | *“The decline registered by the index |last week of 0.6 per cent was due en- tirely to lower prices for farm products and foods, with other commodities showing a continuation of the recent rise. | The index was ®5.5 per cent of the 11926-1928 average for the week ended | January 23, compared with 855 in | the preceding week, 83.1 a month 1101 | and 78.0 a year ago. ' The largest decline in the week took | place in the farm product group; the | only exceptions to the downward trend were cotton and wool, which advanced slightly. The farm product index is | now 10 per cent higher than a year | ago. Due largely to lower quotations for meats, butter, eggs, lard and po- | | tatoes, a Moderate decline was shown | by the index of food prices. | Textile prices continued to advance during the week, with higher prices | for cotton, cotton textiles, wool and | woolen goods, resulting in the fifteenth consecutive weekly rise in the group index. Higher lumber prices resulted in the building material index moving up to a new high point for the recovery | period. | The small advance in the index of metal prices also took it to the highest point reached since the recovery be- gan. Advances in the prices of am- monium sulphate, cyanamid and cot. tonseed meal which more than offset a decline in tankage were responsible for the upturn in the fertilizer material index. CHICAGO LIVE STOCK. CHICAGO. January 26 (® (U. S. De. partment of Agriculture) including 8.500 n Tood and " choice 1 K0-00 go;l‘{!dl 10.15a10.25; few good sows, 9.35a Cattle. 10.000: 2.000: fed steers apd \urhnls weak to 25 lower than ea: largely steer run: Kilih quaiity medium 1o SHCHY gosd With modctaie supply choice and prime kinds: too much beef here considering shipper and local | i demand: few early sales. 250811 i 50 bui " all buying {interests bearing down: stockers and feeders scarce but weak: beef cows weak: and bulls steady welghty shipper vealers steady at 1} 503 ;115 ound vealers dull at 100 down to 85 Sheep, " 13.000 including 200 _direct: fat_lambs opening siow. undertone weak to lower: few initial bids downward from 10.60 on handy-weight lambs now held 10 sbove: clipped lambs and 23 sheep about _steady: Cate Ted nagive ewes, 5.00a0.00: Westerns as yet unsold. with NEW YORK PRODUCE. NEW YORK. January 26 (9. —Eggs 21.637: steady. Mixed colors, firsts. 2:i'y Tefrigerators. seconds. 18%:a19'z: lors unchanged firmer: creamery. higher 43 extra (93 score) 7 scores) S1ad2 umuhzed £ than “exira (0, score). ; cese. changed. Live poultry steady to firm: by freight. chlcnm Rock ISIU’U fowls. colored. 14a16: roosters. lllrkey.l othn freight prices un. changed. : steady to firm and un- 15 TENTH AND G S.W. Branch, Member Federal Depos answers. DECLINES IN WEK u:‘ L *xke A—13 NET OF MARYLAND CASUALTY CLIMBS Operating Profit Reaches $1,524,893, Excluding Security Gains. Special Dispatch to The Star. NEW YORK, January 26.—The Maryland Casualty Co. made a net operating profit in 1936 of $1,524.« 893.51, after adding $873,933.28 to premium reserves and excluding any appreciation in value of securities, it was announced today by Silliman Evans, president, in his annual report |to the stockholders. Including appre- | ciation in value of securities held by !thc company, amounting to $978.- | 496.60, the total operating profit was $2,503,390.11. There was add>d to the su'blus of th: company $910,685.62 of net operating profit, equivalent to $1.39 for each of the 640,665 shares of com- mon stock outstanding, after provid- ing all dividends on all classes of preferred stock. The report shows that the company 4 made a good gain in volume of premiums written, that its expense and loss ratios were reduced, that the 90-day overdue premiums were at the lowest ratio ever and that a considerable addition has been made |in the surplus to policyhclders. Gross Premiums Up. Gross premiums of $28.280.445.85 were written by the company, an increase of $2478.692.61. or 9.6 per cent, over 1935. The incrcase in net rremiums written, after reinsurance, was $2,108,056.85, a gain of 8.9 per cent. The ratio of 90-day overdue premi- ums was reduced in 1936 from 7.9 per cent to 6.95 per cent, the lowest the 39 years of the company's history, Mr. Evans reported. Dividends amounting to $614,207.89 | were paid on first preferred series A and B stocks, leaving $910,685.62 of net operating profit to be added to sur- Plus. Of this, only $112,359.23 was Profit from the sale of securities. The surplus to policyholders at the year end was $8.275,384.20. In 1935 it was $7.360,878.58. The Maryland's assets {increased $2.174,960.91 in 1936 to a total of $38.- 664,112.83. In the investment portfolio of tha Maryland, schedules of which accom- panied the president's report to share- holders, there has been a considerable shift to bonds of higher rating. Real Estate Improves. The mortgage guarantees made, and will continue to make, substantial financial demands on the company, Mr. Evans said in his report. He added that the real estate market seems to be considerably improved and that there was reason to hope for further improvement in 1937. The company's expense ratio was decreased by 0.6 per cent. Loss ratio was 56.18 per cent for 1936, as com- pared with 58.54 per cent in the pre- Vious year. The aggregate ratio was 94.1 per cent, as compared with 97.06 per cent in 1935, an improvement of .96 per cent. FOREIGN EXCHANGES. NEW YORK. January 28 ) —] exchange steady: Grear Briiain in o §igers. in cents’ Great Britain, 'de cables. 48013 0. France. demand. 4 #¢ Italy ° demand Dflnlnds—!r]nun‘ 16.85! pny free. 4 %3 Argentne S 80Ten kio. m--Q Shane! Hongkong. :0.85. Mexico Montreal in New York. 6993 in Montreal. 100.06 @UR Property Management Department is serving a host of the biggest property owners in the Nations Capital I —who find our organization | especially well equipped. May we serve you? B. F. SAUL CO. 925 15th St. Nat’l 2100 Mortgage Loans McLachlen Banking leioranon Since 1891 STREETS, N. V. 12th and Maryland Ave. SW. it, Insurance Corporation IS PLEASED TO ANNOUNCE —— the inauguration of a new series of advertise- ments in this paper devoted to *‘Questions that In this series we shall endeavor to give, in simple, understandable terms, interesting infor- mation about banking services and about prin- ciples and practices of management which in our We believe that the mare the people of this community know about our bank the better ‘we shall be able to serve both the people and the | community as a whole. You are cordially invited to read this series— and to ask us, at any time, further questions about banking, or our services. We shall do our | best to answer them for you.