Evening Star Newspaper, March 5, 1937, Page 16

A—16 wxxx TRADE IMPROVES ITRANSACTIONS ON THE NEW YORK STOCK EXC IN FIFTH DISTRICT Holds Well Above, Year Ago Despite Drop From December. BY EDWARD C. STONE. Trade in the fifth Federal Rescrve district in January was materially above January, 1936, although season- ally below December. the Richmond Reserve Bank reported today, total sales in 58 department stores being 9.3 per cent better than a year ago and business in 52 wholesale firms 15.1 per cent higher than in the same month last year. Debits to individual accounts in 24 cities showed an advance of 20.7 per cent, the number of business failures during the month increased, but the liabilities involved were lower. Cotton consumption jumped 11 per cent, but the amount of tobacco marketed was not as large as year ago. Today's report shows that in 31 cities 1963 building permits were issued, against only 1,421 in January, 1936, a gain of 38.1 per cent. The value of these permits was $5,672,717, which was a notable rise of 37.2 per cent. Bituminous coal production was practically the same as in January a year ago. In speaking of business conditions, the report adds that Janu- ary was one of the wettest months on record throughout the district and near the end of the month several cities in West Virginia suffered se- verely from flooded rivers, but in spite of these adverse conditions business showed no signs of slackening the advance which has been in evidence in Tecent months. At the Reserve Bank all discounts for member banks were paid up be- tween the middle of January and the middle of February and there was a seasonal decline in Federal Re- serve notes in actual circulation. A small increase occurred in “all other loans,” which are largely commercial or industrial at this time of year. Demand deposits showed a decrease, which was largely offset by an increase in time deposits. Sales and Collections Up. Net sales and collections in the manufacturing field are improving steadily, according to a joint report by the National Association of Credit Men and the Bureau of Foreign and Domestic Commerce. In January there was a continuation of gains in sales and the higher rates of collec- tions recorded for each month in 1936 as compared with the like months in 1935. Total net sales of a group of 513 manufacturers throughout the country in January, 1937, registered an in- crease of 22 per cent from January, 1936. Eight of 15 important industrial groups revealed a higher average col- lection percentage for January, 1937, than for January, 1936. The leather products group regis- tered the greatest relative increase in collections over this period, the report states. Equitable Scores New Record. David S. Bethune, manager of the ‘Washington agency of the Equitable Life Assurance Society of the United States, was given a happy surprise on his return from a month’s trip to the Pacific Coast. During February the members of his agency conducted a campaign in his honor, writing more than 300 applications for over $1.000,- 000 in new insurance. This represents the largest volume of business ever written during the month of Febru- ary by the local Equitable office. The 65 members of the staff gave & luncheon to Mr. and Mrs. Bethune at the Hay-Adams House commem- orating the general agent’s twenty- sixth anniversary with the company. He was presented a testimonial signed by every member of the staff. ! Stationery Sales Increase. The National Stationers’ Associa- tion, located in the Investment Build- ing, reports that wholesale business in January was 14.07 per cent better than a year ago, and that district No. 4, which includes this city, Mary- land, Virginia, Pennsylvania, Delaware and New Jersey, reported an increase of more than 24 per cent compared with January, 1936. The territory in- cluding Wisconsin and Illinois came hext with a 20 per cent pick-up. The figures were based on reports from 132 firms. The value of retail sales of new au- tomobiles in January was 29 per cent higher than in January, 1936, and 74 per cent greater than in January, 1935, the Commerce Department re- ports. Sales declined from December to January, daily average sales being off about 31 per cent, preliminary estimates show. D. C. Bankers’' Council Meets. ‘The Council of Administration of the District Bankers’ Association was to meet this afternoon following the weekly luncheon at the Willard Hotel and take action on the report of the special committee named to select a subject for the essay contest arranged for members of the American Insti- tute of Banking. Writers of the three best essays will be rewarded with trips to the bankers’ convention at White Sulphur Springs, W. Va., in May. More than 500 members and guests are expected at the annual dinner of the District of Columbia Building & Loan League which takes place to- morrow evening at the Mayflower Hotel. This will be a new record for attendance. Heard in Financial District. ‘W. M. Rhodes, after an absence of 10 years from Washington, has re- turned to become vice president and general manager of Whiting, Herrity & Rhodes, an elevator sales and main- tenance firm, 1108 Ninth street north- west, which has recently been re- organized and incorporated, He was with the Otis Elevator Co. for 30 years Prev, High, FINANCIAL. 1937 Low. 63% 15 24% 8234 3 THE By Private Wire mrm to The Btar. . - na '00. High. Low. Close. chse. 2 80 80 +2 204 + % 25K + % =% 'uK +134 ] Stock and Dividend Rate. Acme Steel (4) _ Adams Expr (ab5¢) ... Adams Millis (a1%)- Addressograph (1) Advance Rumely - Ajr Reduction (+1)_. EVENING STAR, WASHINGTON, D. C. Prev. 1937 Bish. ow. H i2 2 20% 17 393§ 843 1634 42 12434 1143 69% 58 2:18p.m, Stock and Dividend Rate. Colo & Southern. Bales— ‘Add 00. High. Low. Close. :hll 6008 273 25 Colo & Southn 1st pf. 280s Colo & Southn 2d pf_. Columb G & E (a40c). Columb Pic vte (11) . Colu Piccv pf (2%)-. Col'bian Carb vtc(t4) Comcl Credit (14) and during the World War was with an outfit which laid mines across the North Sea, as an elevator expert. : Reflecting a substantial growth in demand for service from all classes of ‘eustomers, the consolidated opera- tions of North American Co. produced net income last year approximately 25 per cent greater than in 1935, Wall Street reports state. In a lively session of the Washington Btock Exchange today Capital Traction 5s opened at 96 and closed at 95. Potomac Electric Power 6 per cent pre- ferred stock moved at 114. The 5% ‘per cent prefered came out at 114lg, but dropped to 1123%;. ‘Washington Railway & Electric pre- ferred sold at 1102, Security Storage a on the board at 118, and Riggs National Bank common at 356. Mergenthaler Linotype registered 51, a slump from other recent sales. Gas Light sold at 88, NEW YORK BAR SILVER. . NEW YORK, March 5 (#).—Bar sil- iv-- easier, ¥4 lower at 45. B Air-Way Elec Appli_. Alaska Juneau(t60c) Alleghany Corp Alleg pf WW $30 cacue Alleg pf ww $40. - Alleghany pf XW..... Alleg Corp pr pf Allegheny Steel b40c.. Allied Chemical (8) Allied Mills (b50c) Allied Stores (b20¢) . Allied Stores pf (5) - Allis-Chalmers 113 _. Alpha Port Cem’t (1) Amal Leather ___. Amerada Corp (2) - Am Ag Chem(Del)bl. Am Bank Note (11) ._ Am Brake Shoe (12) . Am Brake Sh pf(5%) Am Can (14) Am Car & Foundry. Am Car & Fdry pf_ Am Chain & Cable bl. Am Colortype Am Comcl Al (a50¢ Am Crystal Sug (b2). Am Encaustic Am & Forelgn Pwr__. Am & For Pwr $6 pf_. Am & For Pwr $7 pf_. Am & For Pwr 2d pf.. Am Hawaiian(1) .. Am Hjde & Leather__ Am Home Pr (12.40) - Am Ice Am Internatl (nlflc). Am Locomotive Am Locomo pf (a3) .. ¢ Am Mach&Fdry (t1). Am Mach&Met (60¢c). Am Metal Am News (N Y)(3) Am Power & Light _. Am Pwr & Ltpf (3)_x Am Pwr & Lt pf (6)..x Am Radiator (160c) . & Am Roll Mill (+1.20)_ Am Safty Razor (12) Am Seating (a23) _. Am Shipbuilding (2). !4 Am Smelt & Ref (3).. 3% Am S & R rts Mar 31. 105 Am Sm & Ref pf (6)_. 148 143'5 Am Snuff pf (6) __ 7314 595 Amer Steel F (b50c)_ 115 111 Am Steel Fdy pf (7)_ 2615 25 Am Stores (2).______ 567§ 50 Am Sugar (2) ___ 2574 23){ Am Sumatra Tob(t1) 187 174%{ Am Tel & Teleg (9) .. 99 93 Am Tobacco (5). 997 944 Am Tobacco B (5)_ 2014 161 Am Type Founders__ 2014 24’5 Am Water Wks (80c) 14% 9% Am Woolen 79 64 Am Woolen pf (b1) 13{ 14 Am Writ Paper (d)__ 93 6% Am Writ Pap pf (d).. 20 6% Am Zinc & Lead 79% 445 Am Zinc & L pr pf_ 67 524 Anaconda Copper(t1)x 97 84 Anaconda Wire (2)_ 24% 18 Anchor Cap (60c) _. 111 106 Anchor Cap pf (62%). 37 Andes Copper __ 101§ APW Paper .____. 46 Archer-Dan-M (12) 13% Armour (I11) (bl5c) .. 70 Armstrong Cork (2 1644 Arnold Const b621z¢c. 1734 Artloom Corp 9715 Artloom pf (a7) 2455 Assoc Dry Goods ___ 101 Asso DG 1st pf (6) -~ 823 Atch To & S Fe (a2).. 104 Atch T & SFe pf (5)- 52% Atl Coast Line (al) __ Atl Gulf & West Ind._ Atlantic Refining(t1) Atlas Corporation 80¢ Atlas Corp pf (3) .. - Atlas Powder (b75¢c).- Auburn Auto .. Austin Nichols Austin Nichols pt A_. Aviation Corp (Del) - Baldwin Loco (d) ¢ Baldwin Loco pf (d) . Baldwin Loco asd(d) 2 Baldwin L pf asd (d) + Baltimore & Ohio . Baltimore & Ohio pf_ Bangor&Aroos (212)_ Bangor&Aroos pf (5) Barber Co (a75¢) .. Barker Brothers. .. Barker Bros pf (2%) Barnsdall Ofl (1) __ Bayuk Cigars (175¢). Beatrice Cream (1) Beatrice C pf ww (5). Beech-Nut Pkg (14)-. Belding Hemin (1) Bendix Avia (b25¢) .. Beneficial Lo (b45c) - Best & Co (12%) __. Bethlehem Stl (a13) Beth St15% pf (1)__. Beth Stl pf (7). Bigelow-San (b! Black & Decker bi0e.. Blaw Knox (a80c) _ Blumenthal pf (a21). Boeing Airplane = Bohn Alum & Br (3) _ Bon Ami(B) (b62%¢) Borden Co (1.60c) .. 4 Borg-Warner (4) Boston & Maine. Bridgep’t Brass (60c) Briges Mfg (12) Briggs & Stratton(3) 423 Bristol-Myers(12.40) 46~ Bklyn-Man Tr (4) _. 99} Bklyn Man T pf (6).. 634 Bklyn & Queens ___ 52% 45% Bklyn Union Gas (3). 24} 20% Brunswick-Balke_ 251 20 Bucyrus-Erle 117 110 Bucyrus-Erie pf (7)_ 14% 12% Budd (E G) Mfg 13 Budd Wheel (a20c) 45% Bullard Co (b25¢) - 6544 Bulova Watch 3584 Burr Adding M (80c). 1% Bush Terminal (d) -.. 39 Bush Term deb (d) - 451 Bush T Bldgs pf (d)_ 184 Butler Bros (bl5c) .. 3644 Butler Bros pf (1%). 9 Butte Cop & Z (a5c) . 33 Byers (A M) 91 Byers (A M) pf_ 3135 Byron Jackson (t 48 614 4 Calif Packing (2) __. Callahan Zinc-Lead_. 20%% Calumet & Hecla (1)- ar4 Campbell Wy (11) 3274 Canada Dry G Al 1734 Canadian Pacific 6134 Cannon Mills (b50c) . 18 Cap Admin (A)(al) . 52! 50 Cap Admis pf (A)(3) 84 7 Carriers & Gen(a3sc) 17615138 Case (J I) Co (4) 100 85% Caterpillar Trac(t2). 36% 264 Celanese Corp (a13%) 1133 106} Cel Corp prpf A (T)_. 47% 361 Celotex Corp - 8214 78% Celotex Corp pf (5) - 39 34 Centr Aguire (+1% 12% 8% Central Foundry Co.. 413 8734 Central RROfNJ _ 1434 10% Century R M (bl0c) 841 67} Cerro de Pasco (4) _. 23% 16} Certain-teed Prod _ 82 67% Certain-teed P pf (6) 523 35 Champ Pap&F (1) __ 111 109 Champ Paper pf (6)_. 85 Chesapeake Corp (3).x 634 Ches & Ohio (+2.80) _.x 99 Ches & Ohio pf A (4)_x 2% Chi&East Il (d) _. 6% Chi& East Ill pf (d). 2% ChiGrt West (d) - 13% Chi Grt West pf (d) 2 Chi Mil St P&P (d) __. 4% Chi M St P&P pf (d). 33 Chi & N W(d) 11% Chi& N W pf (d) 23 Chi Pneumatic Tool_. 613 Chi Pneu T of (a3%). 23 Chy R 1& Pac (d) .. 6% Chi RI&P 6% of (d)- 6% Chi RI&P 7% pf (d) - 24 Chi Yellow Cab (2) 19 Chickasha Cot Ofl. 12} Childs Co 46% Chile Copper (l) 1355( 110% Chrysler Corp (b1%) 1053 1013 105 15% 3034 23% 62% 104% 20 53 102% 8 2734 14% 57 15 City Stores 3814 82)4 Clark Equip (t1. 60) 9108 08 4 + % 5 +4% 57% + ¥ 57% 57 -14% 5 + 3% 2% +2 250 +8)4 28% + 4 21% +1 83% 2% + Y% 3% +% 655 110% + % 97 43 38 + Y 5+l 147 108% — % 6915 + % 9 =3 878 +214 20 - 4% 27 + 4% 293 + % 50 z 2 26 86 t | S 33% 4 4374 109 39%; 29% 3875 3015 18 26% 105% 107 1434 215 213 62 ,‘ Lhbt et PEE SERER & ) 1+ + 19% 8154 +2% 87 +3l 303 + 4 2%+ Y% % 18 35 32% +1% 14 % 1 47% 10s 110 308 1 80 m» 181% 4 20% 2034 208 90 90 7 10% 10% 10% - % 3 3514 3blg 354 - 3§ 113 107 Clev El Illu pf (4%)- 40% 85 Clev Graph Br (2) ... 983§ 78 Cluett Peabody (3) . 144 122} Coca-Cola (12) 21% 19% Colgate P-P (150¢)... 11134 110 Collins & Ak pf (5) - . 51% 44% Colo Fuel & iron 10s 1084 108% 10 4035 39% 4 92 6 145 16 4T 4T 1084 894 = 3§ + % % - 80} 6934 Comcl 'nvest T (t4). 120 IDGK Comcl Inv T pf (4%). 21 Comel Solv (160¢) . l% Comw & Southern__.. 5% Comw & Sou pf (3) ... 193 Conde Nast Publish._ Congoleum-Nairn (2) Con C pr pf ww (615) Cons Cig pf xw (672). Consol Edis N Y (t2) Consol Ed N Y pf (5). Consol Film__ _ Consol Film pf (a2 Consol Laundries.... Consol Oil (80c) Consol Textile (d) . Cons Coal (Del) vte.. Cons C (Del) pf vtc__ Contafner Corp(1.20) Contl Baking (A) Contl Baking (B) Cont’l Can (3) __ Contl Diamond F (2). 4 Contl Insur (11.60) Contl Motors.___ Contl Oil of Del (11) i Cont’l Steel (b50c) _. # Corn Ex Bk & Tr (3). # Corn Prod Ref (13) Coty Inc . ___ Crane Co Cream of Wheat (12). Crosley Radio (a1%4) Crown C'k & Seal (2) Crown Zellerback vte Crucible Steel Crucible Stl pf b1% ' Cuba Co - Cuba R R pf _ Cuban-Am Sugar Cuban-Am Sug pf. Cudahy Pkg (212) Curtis Publishing. Curtis Pub pf (7) Curtiss Wright____ Curtiss W (A) (. Cushman S pf (315) Cutler-Hammer b50e x Davega Stores (1) _ Davega St ev nfuu) Deere & Co Deere & Co pt (1.40)_ 251 Deisel-Wem-G (1) _. 42!s Delaware & Hudson.. 4 Dela Lack & West Den & Itio G W pf(d) Det & Mackinac _ Devoe & Rey (A)(13) Diam'd Match (b30¢). Diamond M pf(7114)_ Distil Corp Seag Lt Distillers Corp pf(5 Dixie Vortex A (2 Doehler Die Cast (2). Dome Mines (12) 4 Dominion Stores * Douglass Afrcraft___ i Duluth S S & Atl i Duluth S S & Atl pt. & Dunhill Internatl _. Du Pont de N (b7se) _ Du Pont de N deb (6) Eastern Roll Mills __ lu:l'!lln‘\n Kodak (6) _. stman Kod pf (6) lnuon Mfe (12) Eitington-Schild - aso Nat G (1.60) Elec Auto Lite (12.40 Elec Auto Lt pf (7) Elec Boat (a60c) Elec&Mus Ind (a18c) Elec Power & Light_. Elec Pw & Lt $6 pf Elec Pw & Lt §7 pf _. Elec Storage Bat (2). Elk Horn Coal (d) + Elk Horn Coal pf (d). Endicott-Johnson(3) Eng Public Service _ hqullab!e Office Bldg. 10935 10115 8% 6lg 281 19% 8 80 9035 82 18l 1634 24 2915 128% 10424 2934 135% 13134 1655 1114 17515 1673 163 159 ErieRR2dpf _ Eureka Vac Cl (80c). Evans Product (1) _. Exchange Buffet Fairbanks Co = i Fairb'ks-Morse (1) _. ¢ Fajardo Sug Co (b1). 4 Federal Lt & Trac _. Fed Min & Smelter Federal Mot Tr (40c) Fed Screw Works __. Fed Water Sve (A) __ Fed'd Dept Str (2) Fidel Phoe F In 1.60 i Firestone T&R (2) _. Firestone pf (A)(6) _. First Nat] Strs(t213) Flintkote Co (1) Follansbee Bros (d) .. Food Machine (1) __ Food Mach pf (415) _. Foster-Wheeler - Freeport Sul Co (1) Fuller Co pr pf__ Fuller Co 2d pf... Gabriel Co (A) Gamewell Co % Gen Am Inv (a Gen Am Trans't la.’X) *i Gen Baking (+60c) Gen Baking pf (8) ___ Gen Bronze Gen Cable Gen Cable (A) Gen Cable pf (a7 Gen Electric (+1) Gen Foods (2) _ Gen Gas & Elec (A) .. Gen G&E 6% cvpf A. Gen Mills r'n = Gen Mills pf(6) Gen Motors (b25c) Gen Motors pf (5) ___ Gen Outdoors Adv___ Gen Outdoor Adv(A). Gen Pub Service Gen Ry Signal (1) Gen Realty & Util. Gen Realty & Upf __ Gen Refractor (a3%) Gen Steel Casting nf Gen Theater E (a2) .. Gen Time Inv (1) Gillette Saf Raz (+1). Gillette SR nf (5) __ Gimbel Bros Gimbel Bros pf (6) Glidden Co (2) Glidden cv pf (2%) .- Gobel (Adolf) Goebel Brew (t20¢) .. Goodrich (BF)(al) .. Goodrich (B F)pf(5) Goody'r T & R (b50c) Goody'r T&R cu pf(5) Goodyr T&R 2d pf(7) Gotham Silk Hose._. Goth Silk H pf (7). Graham-Paige Granby Cons (new) . Grand Union ctfs ... Grand Un pf (b25¢) . Granite City Stl (1) .. Grant (W T)(11.40) .. Grt Northernpf __ Grt North'n Ore (1) .. Grt West Sug (+2.40) Grt West Sug pf (7).~ Green (H L)(+1.60) . Grevhound (+80c) Greyhound C'p pf 5% Guantanamo Sugar _ Guantanamo Sug pf_. Gulf Mobile & N Gulf Mobile & N pf_.. Gulf States Steel .___ ‘Hackensack W (132). Hack W pf (A)(1%)- Hall (W F) Printing. 273 Hamilton Watch b25e Harb-Walker (12) Hat C'p of Am A b20c Hat Corp pf ww(6%). Hayes Body . Hecker Prod (60¢). Helme (G H) (15) _. Hercules Powder (6)- Hershey Choc (13) .. Hershey Choc pf (14) Holland Fur (a1%)__ Holland Fur pf (5) .. Hollander & Son (1) Holly Sugar (12) .- Homestake (112) Houd-Hersh(A) (2%) Houd-Her (B)(113%). Houston Ofl vtc ... Howe Sound ({3) .. 18)%4 Hudson Motor Car... 2}§ Hupp Motors. ... % 2234 Illinois Central. 60 46 Illinois Cent pf (A).. 4034 36} Indust Rayon (11.68) 144 13034 Ingersoll Rand (12)_. 187 135 Ingersoll R pf (6) - 12534 1124 Inland Steel (4 838)% 2234 Inspiration Copper—. 26% 114% 6474 523 44 39% 3% 2% 6434 58 65% 6014 124 118% 7014 6034 1225 1191 151 1274 6014 53 5% 4% 6515 563 5% 4y 4874 40% 7014 623 88 73 333 29% 43% 37 20% 154% 8815 8415 29% 20% 8917 8334 5134 43% 5814 543§ 6% 5% 81 6% 43%¢ 81 873 7934 4235 2735 12734 100 144 11434 13% 114 96 924 4% 3 15 6% 5% 8% 2134 41% 42 40%% 19 35% 165 584 87 4% 36 203 3 51 308 31 © BB ooneEomm Smnarnaad an~ @ RamParan © 8 !N% 6% 15 18 110 29 31% 4034 25% 15%% 26 +1 295 +1% 285 1% 1% 17% = % 36 36 =3 6 4 +K 1143 116 +13§ 593 60% + % 69 69% — X 108 108 + % 19% 19% + 3 3% 3% 6134 64 +2 1. 1+ a2 425 — 2 2 =% 92 [92 +1%4 2% 42 + % 106 106 — % 4% 4% - 16) 163§ 28% 28% V i+t 1++1 FEEE XF - AFEEIIER FLERT L PH++0 A © S8 EFEESE I+ii+4+ +11++1+4+4+ ReEnes = SES RS R R E S P o 343 19% 04 27 — I s +=u 16% ~ mm lol% -l!( 6% 14% u%+u 18 118 172 +: 64 ~1 108 8 -% 110 110 +1% 281 28% + % 3135 313 — ¥ +2% Prev. 1937 High. Low. 6 54 18% 1134 0% 4% 26% 168 8% 5 693 42 189 176 11134 10214 16% 8% 9% 65 18y 15% 2% 6214 213 163 1435 10% 5 7% 108% 9014 46% 41 57% 48 283 2614 493 4714 49% 313 90 110 15% 113 3614 2934 106 10315 2615 19% 28% 254 155 184 5% 4% 126 1233 136 123 131§ 111 1063 61 5374 8134 374 ki 104 43¢ 28%% 1473 17 71§ 59 2615 16% 3315 291, 8y s 122 1% m 15% 9514 2% 514 18%¢ 335 167 333 3875 264 12 10914 241 10% 81% 37% 3 171167 150 M4 6173 14% 1 93 4 124 13% 113% 109 107 303 19 413 343 8% 40 ¢ Lib & Louisv G& ¢ Louisv & ¢ Ludlum Steel (i1) ¢ McGraw: & McLellan { Manati Sug pf (d)__. FRIDAY, MARCH 35, 2:18 pm. Stock and & Dividend Rate. Ins Sh Md ctfs(a30c) Interb Rap Tr vte (d) Intercont] Rubber... Interlake Iron. __._. Intl Agricultural . Intl Agricul pr pf. Intl Bus Mach (16).. Intl Harvester (2%). Intl Hydro Elec (A) Intl Mercantile Mari. Intl Mining (a90c) - Intl Nickel (b50c) - Intl Paper & Pw (A). Intl Paper & Pw (B). % Intl Paper & Pw (C)_ Intl Paper & Pw pf. Intl Print Ink (2) _ Intl Ry C Am pf (A)- Intl Salt (11%) Intl Shoe (12) Intl Silver Intl Silver pf ( Intl Tel & Tel Interstat Dpt St b2% . Inter Dept Strg pf(7) Intertype Corp (1)__. Island Creek (2) Johns-Manville (3) _ Johns-Man rts Mar 11 Johns-Manv pf (7) _ Jones&L 7% f b1% . Kalamazoo S (1) . Kans City Southern __ Kans City So pf (al1). Kaufmann D S +1.60- yser J & Co (2) sey-H (A)(al Kelsey-H (B)(al%)_ Kendall pf (A)(16) Kennecott Cop(bi0c) KeystoneS&W (bl5c) Kimberly Clark (1) __ inney (G R)Co __ Kinney (G R) pf(a1). Kresge(SS)Co(b30c). Kress (S H)(1.60) Kroger G & B (11.60) 54%% 27 e - 104 105 23% 29 124 132 45 25 +2 +1 ¢ Laclede Gas (St L) ._ Laclede Gas St L pf__ Lambert Co (2) _____ Lane Bryant Lee Rub & Tire (50¢) Leh Port Cmt (13%) Lehigh Port C pf (1) Lehigh Valley Coal Lehigh Val Coal pf. Lehigh Valley R Lehman Corp (13) Lehn & Fink (al?. Lerner Stores (12) y-0-F-Gl(b75e Libby McN & L (a1)_ Lizg & Myers (14) Ligg & ) Lima Locomotive Link Belt (12) Liquid Carb (2.60)._. 4 Loew's Inc (12) Loft Inc Lone Star Cmt b7 Long Bell Lum (A)_~ Loose-Wiles (2) __ Lorillard (P)(11.20) Lorillard (P)pf(7) TA1%. ash(b21;) Andrew&F (12)_. all Corp (72) ___ cCrory Stores Elec (i2) 12 Mclntyre Porcu (2) McKeesport TP (74) McKesson & Rob KcKess & Rob pf (3). t (b75¢)_ Mack Trucks Macy (R H) (i2) Madison Sq G (80c)._. Magma C ® URIOE - PR T PR NPT - Y Mandell Bros (b1) ___. Man El md gtd (d) _. Manhat Elev gtd (d) - Manhat Shirt (1) ¢ Maracaibo Oil Exp .. ¢ Marine Midl'd (140c) St Ry Marlin Rock (¥2) __. Marshall Field & Co. Martin-Parry Corp .. Masonite Corp (11) i Mathieson Alk (133). May Dept Str (+3) Maytag Co (a50c).. 10615 ) ta Machine (b Miami Copper Mid-Cont Pet (al.15) MidI'd Stl Prod (12)_ Midl'd Stl 1st pf (8)_ Minn-Hon Ros (2) ... Mijnn Moline Power__ Minn Moline Pwr pf_. M St P&S S Marie M 'St P&S S Marie pf. M St P&S S M Is line_ % Mission Corp (a45¢) - & Mo Kans & Texas ¢ Mo Kans & Tex pf A, Missouri Pacific (d)-. Mo Pacific pf (d) Mohawk Corp (11.20) 4 Monsanto Chem (11). Montgom Ward (+2) _ Morrell J & Co 4 Mother Lode(a Motor Products ( = Motor Wheel (1.60) Mullins Mfg B(a5s0e) Mullins Mf& pf (7). i Munsingwear (13) Murphy G C (2.60) Murphy G C pf (5) Murray Corp (as0c) -. Myers(FE)&Bro (b1) Nash Kelvinator (1) Nashv Chat & St L Natl Aeme (a75c) _. # Natl Aviation (al)_— Natl Biscuijt (1.60) Natl Biscuit pf (7) Natl Bond & Inv 1.44_ Nati Cash Reg (al) - Nat'l Dairy Prod 1.20 Nat Dairy P pf A () Natl Dairy P pf B (7) Natl Dept Stores Natl Dept Stores pf . Natl Distil Prod (¥2) Natl Lead (750c) - Natl Lead pf (A)(7)- Nalt Lead pt (B)(6) _ Natl Mal'ble&Stl(a2) Natl Pwr & Lt (60c). Natl Ry Mex 2d pf__— Natl Steel (12%8) ——ae Natl Supply Co Natl Tea (60¢c) Natomas (80c) Newb'ry (J J) pf. New Orl T&M (d) Newport Ind (b30c) - N Y Air Brake (b30¢) N Y Central R R N Y Chicago& St L. NYChi &StLpf_ N Y Ontario & West N Y Rys pf (d) NY Shipbuilding N Y Steam 1st (7).__ Norfolk Southern(d) Norfolk & W'n pf (4) North Am Aviation - North Am Co (b30c) . North Am Ed pf (6) Northern Pacific. . __. Norwalk Tire & Rub._ Ohjo Ol (a60c) - Oljver Farm Equip... Omnibus Corp vtc_-. Oppenheim Collins. _. Otis Elevator (a75¢)- OtisSteel . ._._..___ Otis Steel cv pf (5%5) Outb'd M & M (b30c).. Owens-111 Glass (6) Pac Am Fish (i1)- Pacific Coast. Pacific Coast 1st D! Pacific Coast 2d Pac Finance (1. 80)_. Pac Gas & Elec (2)_.. Pac Lighting (3) Pacific Mills (b50¢) - Pac West O (a65e) _. Packard Motor(a45¢) Pan Am Petrol (a60c) Panhandle Pro& R _ Panhandle P & R pf. 76 Paraffine Co (b1) 23)4 Paramount Pjctures. zwn 166 Param Pic 18t pf (6). 26% 21% Param’t P 2d pf b60c.. « % % Park& TilrtsMch1§ 8} 4¥% Park Utah 443 413§ Parke Davis (b1)_ 2 mnl?}‘inl.o F % i 29% 244 Parker Rust P (11%) Net 23660, High, Low. Close. chge. +1% 48% + 3% + % = 143 + 14 35% + % + % 142% + % bt — u +35 446 + 3 TERER X KSR X 35 1937. Prev. 1 3334 1815 JB% a’/fi mA 3 213 3344 1% 3% 155 31% 31 6545 523, 244 2434 107 23% 18%4 1935 113 ol 123y 14y 65 2 4 50 50 32 5% 44% 75 20 nm 103 112)5 105% 1123 108 8 10% i 214 937 Stock and Dividend Rate. Parmelee Transport. Pathe Film Corp____. Patino Mines (160c) 3% Peerless Corporation Penick & Ford (13) Penney (J C)(4) . Penn Coal & Coke._ Penn Dixie Cement _.. Penn Dixie C pf (A)_. Penn Gl §'d ctfs as0c. Penn Railroad (a2) .. Peoples Drug (11) Peoples Gas Chicago. Peoria & Eastern ___ Pere Marquette Petr Corp Am (a30c). Pfeiffer Brew (1.20) _. Phelps Dodge (b35c). Phila Co 6% pf (3)_. Phila Rap Tr (d) Phila Rap Tr pf (d) Phila & Read C& 1 Philip Morris(b3 % Phillips Petrol (2) .. Pierce Oil pf - Pierce Petroleum Pillsbury Flour 1.6 Pittsburgh Coal Pitts Screw (a52%¢). Pittsburgh Steel Co... 28%% 13% 2% 2014 3% 3134 24 24% 25% 8% 2% 10% 25% 25% 5535 46 Pijtts Term Coal pf._. Pitts United Corp .. Pittsburgh & W V. Pittston Co Plymouth Ofl (11 Poor & Co (B) Portolt Am Tob ( . Porto Rico Am T (B). Postal Tel & C pf (4). Pressed Steel Car Press Stl 1st pf(25c). Proctor & Gamb ( PubSve NJ (2.60)___ Pub Sve NJ pf (5)... Pullman ine (1%)-. Pure Oil s Pure 0il 6% Df Pure Oil 8% pf_ Purity Bakerjes Quaker State R (80c) Radio Corp = Radio Corp pf A(3%), ’s Radjo-Keith Or (d) .. & R R Sec 11l Central __. ybestos M (T133)_ ading RR (2) Reading 2d pt (2) Reis (Robt) Reis (Robt) 1st pt Reliable Strs (ab0c¢) -, lem-Rand (760c) - Reo Mutor Car_ - Republic Steel __ Republic Stl pf (a12) Rep Stlprpf A (6)... Revere Copper vere Copper (A) Reynolds Metal (11 Reynolds Spring(11). Reynolds Tob B (3).. an Antel (al.12) beroid Co (1.80) tiand R R pf__ safeway Stores (12) 6614 19% 99 18% 17 109% 110% 432 afeway Strs pf (7)-. b Ld (b30c) t L Southw'n (d) __ L Southw pf «d) vage Arms (al) _. Schenley Distil (13)- Schulte R 8trs (d) - Schulte RS pt (d)-— Scott Paper (1) Seaboard Air L (d) Seaboard A L pf (d)-. aboard Oil (1) Seagrave Corp- Sears Roebuck (3) Servel Inc (1) aron Steel (11.20)_ aron Stl H pf (3) .- Sharpe & Donme arp & Do pf (3%2). Shattuck(F G)(60c). eaffer Pen (blig)_. Shell Un Oit (a25e) Shell Un Oil pf (5 Silver King (60c) Simmons Co (a3) .- Simms Petrol .- Skelly 01l 16, 1'% 42 ny-\ Oil (bzic) - Solvay Am pf (512) . S0 A G & P (asue) . South Por g (12 So Porto 12 S pf (8)__ So Cal Edison (T133). Sou* 1 Pacific - Soul vn Railway.__. Southern Ry pt M& O ctfs (4). ~;mmmg (A G) Sparks-Withington.. Spear & Co (a50e) —__. Sperry Corp vtc (al). Spicer Mfg (a3) - Spiegel Inc (b2ic) Spiegel Inc pf (632)_. Square D (B) b: Stand Brands (7 L Stand Brands pf (7). 221 22 - 2 3liy 2533 S $6 pf (d) - $7pf (d)- Stand Inv Corp Stand Ojl of Cal (T1). Stand Oil of Ind (11). Stand Oil of Kan (al) ¢ Stand Oil of NJ (T1). Starrett(L S)(11.40). Sterling Prod (73.80). Stewart-Warner t50c. Stone & Web (a2ie)-. Studebaker Corp. Sun Ojl (1) Sun Oil pf (6) - Superheater (f Superior Oil . Superior Steel_ Sutherland Pap 1.60. ift & Co (11.20) vift Intl Ltd (2) .. m'gton-G ww bllc. Sym'gton-G aw bluc Talcott (James) b30¢c Talcott (JHpf(23%) Telautograph (60c) .. Tennessee Corpalde. Texas Corp (2) Tex Corp rts Mch 19_ Texas Gulf Pr (aic).. Texas Gulf Sul (12).. Texas & Pac R R % Tex Pac C&O (bl0c) Texas P L T (al0c) Thatcher Mf{g (1) Thatcher M pf (3. SO) The Fair pf (7) Thermoid Co Third Avenue ‘Thompson J R (1500 Thompson Pr (al%g). ‘Thompson Starrett _ ‘Tide Wat As Oi1(60c) Tide Wat As O pf (6) ‘Timken Detrojt (1) ‘Timken Roller B (3) . ‘Transamerica (t40¢) Trans&West Air a25e Transue & W (160¢) Tri-Contl (a50c) - Truax-Tr Coal (h25c) Truscon Steel 20th Cent Fox baOc) TwinCity RT_. Ulen & Co Und-Ell-Fisher (3)- Union Bag & Pap (2). Union Carb&C (3.20)- Union Oil Calif (1) .. Union Pacific (6) ... 34 Union Pacific pf (4)-. Union Tank Car 1.60_ United Afrcraft a50e. United Air L (a20c)-. United Carbon (4) - Unit-Carr Fast (12).. United Corp (a20c) United Corp of (3) United Drug (a75¢)-.. United Dyewood (1) United Dyew pf (7). United Elec Coal - United Eng&Fy (12). United Frujt (13) . United Gas Imp (1).. United Paperboard msbi 22 70 16 18% 193 y 84 333 13% 4% U S Gypsum (12) 5 S Gypsum pf (7). S Hoffman _ S Hoffman pf(2%). S S Leather vte Indus Alcohol... 8 Leather (A) vte. U u u u u o 2 6 36 12 Saonnmfantoan 17 1 108 1 13 FINANCIAL. 6% 8% 1834 18 6% M?K 59%5 1028 102 5% 5% 16% 18% 39% 18 2ZK 16% 17% 37 41' 10535 105'4 70 68Y% 2214 214 106 105% 11214 11214 22% 22% 17% 17% 12 11% 9% 8% 9 8y 21% 21 34 3 46 442 42z 3% 27 20§ 5 asig « 118 107% 46% 93 26 30 5414 86 1303 5 4375 102 lllr 10434 10435 1615 153 53% 628 3l 110% uu,. 5% oy 353 354 149 149 8% 28% 613 59%3 3674 60 64 10 85 7., 43% 36 213 303 213 8% 18% Close. ehu 6% 64 — % 6% + % 59% 102% 5% 10% 7 28% 10574 693, Hlfi 124 225 +1% =i +2 +% HANGE §T0CKRALLY LED S18em. a4 o0, High. Low. BY STEEL SHARES Late Realizing Cuts Many Gains of $1 to $5 or More. Some Losses Seen. Stock Averages 30 15 15 60 Indust. Rails. Util. Stks T+11 —1 +. 4.4 138 722 635 4.1 69.1 128 Net change_ Today, noon_100.9 Prev. day...100.2 Month ago. 98.6 Year ago_.. 829 1937 high...1008 1937 low- 94.1 1936 high___ 99.3 1936 low. 734 302 434 55.7 1932 low 175 8.7 239 169 1929 high.._146.9 153.9 184.3 157.7 1927 low.... 516 953 618 618 50.2 503 519 49.6 540 50.0 53.7 46.2 45.1 402 387 454 318 435 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associatea Press Financial Writer. NEW YORK. March 5—Spurred by a sharper-than-expected advance in steel products prices, stock market leaders today bounded upward 1 to 5 or more points, many to post-depres- 14 | sion peaks. 173 + 12% 9 8% 21 34 4% 358, 149 28% 6075 Lhdt bl bttt A ) Steels and rails led the sprint and at times the ticker tape fell behind There were slow intervals, however. and late profit selling reducéd extreme gains in many instances. There also was an assortment of.moderate losers at the close. Transfers were around 2,800,000 shares. U. S. Steel shot through the 125 mark for the first time in six years | following yesterday's announcement its prices would be raised $3 to $8 & ton beginning with the second quarter. ‘Wall Street not only interpreted the lift as more than overcoming expand- ed pay rolls and shorter hours, but as a signal boosts in other lines were imminent Except for a break in the French franc. both in New York and overseas foreign exchange markets, following decision of the Blum government to inaugurate a free gold market, brokers said there were few repercussions from this development in stock trading There apparently was less liquidation from abroad than yesterday. Aside from “Big Steel.” prominent shares on the upside during most of the proceedings were Bethlehem | Youngstown Sheet & Tube. Crucible Republic, American Rolling Mill + 4 S RFE e S = 3674 59% 7'/6 4“ 36 273 30% 21% 16 1 5734 L 154 e 8ly 40% 16% 20% 25% F S Vanadium, Otis Steel. Ludlum Steel | Santa Fe, New York Central, Pennsyl- vania, Southern Pacific. Baltimore & | Ohio, Delaware & Hadson, Erie, Ilii- nois Central, General Motors. Chrys- !ler, General Electric. United States Rubber, Goodrich, Montgomery Ward. Marshall Field. United Aircraft, Deere -Anncunda Kennecott, Standard Oil | of New Jersey, Texas Corp., Du Pont. | Allied Chemical, Radio, National Cash | Register, American Locomotive, Bald- win Locomotive, Canada Dry, Colgate- Palmolive, Allied Chemical. United States Smelting, American Smelting and Great Northern Ore. American Telephone was in the backward class along with Western Union, North American, American Water Works, American Can and el Westinghouse. Southern Pacific Nets $14.503.330 In Twelve Months Br the Associated Press. NEW YORK, March 5.—Southern Pacific Co.s net income for 1936 amounted to $14,503.330. equal to $3.84 a share of capital stock, against $2.- 360.198. or 63 cents a share, in 1935 Hale Holden. chairman of the sys- tem, reported the emergency freight rate surcharge. which expired Decem- ber 31 last. gave Southern Pacific $2.- | 570.000 additional revenue during 1936, against $1.400,000 in 1935. BUS ORDERS RECEIVED. NEW YORK. March 5 (#).—Amer- ican Car & Foundry Motors Co. has * | received orders for 18 motor coaches | ernport Transit P Tl *4d bbbt + % + % +134 4 mm 109% lwh + % 263 265 26% - 4 1864 13535 185 — & 3 96 ID 29 33% 21% 8434 33k 65 " (Continued on Page A-lT), 29 - % | Four are from Cumberland & West- Frostburg, Md.: two from Southern Kansas Greyhound Lines, Kansas City, and 12 from South- ern Kansas Stage Lines, Wichita, Kans. . STEEL QUOTATIONS. NEW YORK. March 5 (.—Steel prices per 100 pounds. {ob Pittsburgh Blue annealed sheets. hot rolled. 2.4 galvanized bl Tolled. : Fidelity Fund, Inc. of Boston Prospectus on Request William W. Mackall, Jr Investment Securities 1002 Woodward Bldg. District 8131 WELLINGTON FUND A Living Trust Fund Available in units of $10.00 a month and up. Single deposit certificates $300.00 and up. PROSPECTUS SENT ON REQUEST. Wellington Foundation, Inc. Woodward Building National 3717 THE STEEL INDUSTRY Survey available on request without obligation. Robert C. Jones & Co. Shoreham Bldg. MEtropolitan 2922 “Complete Investment Service™