Evening Star Newspaper, March 5, 1937, Page 17

THE EVENING STAR, WASHINGTON, D. C.;, FRIDAY, MARCH 1937, FINANCIAL wxkk A—17 FINANCIAL. A 5 e e e e T e s e CURB LIST RULES STEADY T FIRM Some Shares Up Point or So, but Pace Is Slower Than on Big Board. By the Associated Press. NEW YORK, March 5.—Most prices in the Curb market stood even or higher today, with trading fairly ac- tive. A number of shares climbed a point or so, but the tenor of the market late in the session was less highly pitched than that of the “big board.” Schif Co. common whipped up nearly 3 points following the man- agement’s announcement & 50 per cent stock dividend would be paid. Chi- cago Flexible Shaft, Newmont Mining and Atlantic & Pacific scored gains of 1 to 2 points. Reactionary were Pittsburgh Plate Glass, Northern States Power “A,” Aluminum Co. of America and Bab- cock & Wilcox each of which lost a major fraction or more. CURB BONDS Ala Power Ala Powe Alum Co am G & Am P & L Appalach E P 105%s 1 10678 1 100'2 100% 1032 10342 7534 % 101% 100% 100% Mo a0 131 313 01 105% 106% 08 14»5’. mslz 105’ 12 D04 00 90%s T 10412 1044 10812 9% 98 w e F Stock and Sales— Acme W vic (3). Aero Supply By Ainsworth (al) .- Alr Investors Inc Ala Gri Sou (#3) Alabam Pw pf (7) Allen Indus (*1) Alliance invest Alum Good saf%c Aluminum Ltd Alm Ltdcpf bl Am Airlines. Inc Am Beverage __. Am Book Co (4) . Am Box B'd t80c_ Am Capital (B) .. Am CItP&L B a30c Am CP&L ww2¥ Am Cynam B t60c Am Eqit (a22%c). Am & For Pw ww Am G&E (1.40) Am Gen C'p (a50¢) Am Gen C of (2) AmL&T (11.20). Am Mfg Co (a3) .. Am Maracaibo .. Am Meter (a2%). Am Pneu Service Am Superpower Am Thread pf 25c. Anchor Post F Angostura (t20c). Apex Electric(al) Arcturus Radlo T Ark NatGas ___ Ark Nat G cu pf.._ Ark Nat Gas (A). Art Met W (80¢) _ Ashland O&K T40¢ Asso Gas & Elec . AsSOG&E (A) .. AssoG& E $5 pf.. Atl Coast Fisher.. Atlas Corp war _ Atlas Plyw'd(1%) Austin Stiver Auto Products . Auto Vot Mch 50c Ax-Fisher(3.20)A Babcox & Wil (4). Baldw L bd rts(d) Barium Stain St} Bell Aircraft. Bellanca Alreraft. Berkey&Gay F Co Berk&GF pur war Bliss Co (E W) Blue Ridge Cal0o Bohack HC 1st pf. Bourjols (a76c) .. Bower Roll B (2). Brazil TL&F 4vc.. Bridgep't Mchal._ Brill Corp (A). Brill Corp (B) . Brill Corppf . Brillo Mfg (80c).. Brown Co p1 Brown F&W blse. Brown Forman .. Bruce(EL) Co._. Burcocv pf (3)__. Burma (a25 4-5¢c). Cable & Wire(A)._. Cable&W ptf a20c_ Calamba Sus 11.60 Can indus Alco A Can Marcont . .. Capttal City P 60c Carib Syndicate. .. Carman & Co B Carnegie Metal Carter (JW) 80c.. Casco Prod b2¥% - . Castle A M&Co 13 ! Catlin Coru (asc) Celluloid Corp pt | Cen Hud G&E 80c 10 104 103, 107 10012 10012 100 - 10975 1097 1097 - 10338 103% 1 Z103% 103 941 0434 105 = )un\ 1:::;]-". 106 110 110 o 105% 105% 105 J “ l(ld‘ri 102 102 10 numu.xuu S SR EPi Y £ 903, 093, 893, ois 4 99Y, 4 101% b WaP 3s 60 - iva 10614 Yest T Ut 5: "57 A 1947 108 We UGK 35 Wis Pak 43 730 A York Rwy Co 3s ‘37 FOI Lima City 6l3s Mendoz P 4s Parana Braz Bied 1l Blas 60, A Z El Svc 7s 56 A 74 T4, 743 " ~With warrants. xw—Without war- zants. o—New. st (stp)—Stamped. iNegotinbility impaired by matarits. Companies unamd in reeei"rshm INVESTING COMPANIES NEW YORK. March 5 (#).—Ni !ecunly Dealers Assochfin n: pRanea Admin Fd 2nd Inc Am Eusmefis Shrs. Am Gen Eq Inc._ Am Ins Stocks _ Bancamer Blair Bank Group Sh Bankers Nat Inv Corp_ Basic Industry Broad St_Iny Bulloe mmd - Continental Sh pf Group Sec Agriculture_ Group Sec Automobile Group Sec Building roup Sec Chemical Group Sec Food CEEESERREE SLEE S e S EE 21.23 17.53 DD i L DRI DD W OWID 23.568 476 1 SRR 2 e ok 32R8L2223 142 23.58 Aero Supply Mfg. Co—1936 class B share earnings were 7 cents. A H },, | Colum O & G a2 Cent Ohio S b25c Cen P&L pf 5.06% Cent States Elec Cent St El 6% pt Cent&S W Utll Centrif Pipe t40c Chi Rivet & M (2) Chief Consol Childs Co pt. Citles Servi Citles Service Cit Sve P&L $6 pt City Auto S(160c) Claude Neon Lts Clev E Il lum(t2). 2 Clev Tractor - Club Aluminum . Colon Dev Ltd _. Colon Dev Ltd A . | Colo Fuelir war Colts P F A b37 c. Co with Dist alvc Com with & S war Com'u’ty P&L 1st Community W Cons Alrcraft Consol Biscuit 60c Consol Copper C GELt&P Bo 3.60 Consol Retall Strs Consol Steel Corp Cont’l Roll & S Fy Cooper Bessemer Cooper B pf Aas0c Cord Corp = Corroon & Reyn _ Cosden Oil Me (d) Cosden(Me)pf(d) Cramp(W&Sons) . Creole Pe’ (a5uc). Crocker-Wh a10c Croft Brewing _. Crowley Milner Crown Cent F a Crown C I(A)b50¢ Crown Drug b10c Crown Drug pf 1% Cuneo Press (2) __ Cuban Tob vtc. __ Cusi Mex Mining Dayton Rubber__. Dennison 7% pf.. Derby Oll & Ref _ Det Gas pf (1.20). Det (Mich) Stove. Det Pap Prod t25¢ Det Stl Prod b26c Distill Ltd b27¢ Distilled Liquo: Domin S&C (B) Dow Chem (2.40) . Driver Harris 1%. Dubelier Condens Duke Power (3) Duro Test C(t40c) Duval Tex S a50c Eagle Pitcher b10c East'n G&F Asso Eastn States Pwr East’n St Pw (A) Easy W M(B)150¢ Eisler Elec (abc) Elec Bond & Share ElecB&Spf (5)- Elec B&Spt (6). Elec P&L 2dpt A Elec Sharehnlding El 8hov C 1st pt Emp G&F 6% pt Emp G&F 7% pf. Emp G&F 8% p* . Emp Pwr pt al.80. Emsco Derrick t1 Equity Corp(a25e) Burop'n El bd rts.. Evans Wall Lead ConsRS8% pfb2 1 By private wire direct to the Star. 2:30 Dividend Rate. Add 00. High. la' Close. 608 3 3 1 26s 10s 3 1 Alum'n Co of Am 200s 164 Alum Am pfall% 50s 119% 4508 119 2 5 1 108 1 1 Am Capprpf5% . 50s 86 12 1 26 2 2 27 4 508 Am Hard Rub(a1) 1508 10 22 258 12 3 1 Am Pot & Ch a2 150s 27 SO o= aelolunS-onBoSamnnm 108 508 180 20 Barlow&S(A)1.20 200s 9 4 20 6 Bickfords pf(2%) 100s n 2 Buckeye P L (4)_ 200s Bunker H & S(b1) 400s 258 5 Carrier Corp = 508 14 Celanese 1st pf 17.2258 1508 3 2 258 13 58 2 3 Chi Flex Shaft (4)500s 268 Cit Svc P&L $7 of 100s 9 27 2 44 508 2 49 1 39 1 Cons Min&Sm t2 700s 1 0y 34 54 Diamond Shoe(t2) lWl 2 508 4 1 26 6 Estn G&F As pf 3.100s 5 3 1 5 189 1 2 308 3 Elgin Nat W b50c 100s 1508 268 1008 508 508 2 100 1 20 Evans Wall L pf 2008 Bxcello Air(b20c). Fairchild Av albe Fanny Farm C(1)- Fansteel Metal F E D Corporation Ferro Enama3) Fidelio Brewery .. Fisk Rubber . Fisk Rub of (6) FlaP& Lot Ford Ltd a181-10c Ford (Can) A (1) Ford (France) .. Franklin Ray ag0c Froedt G&M(20c) L] 1 5 3 3 3 28 19 1258 1008 21 10 3 2 3 Froedt’t cv of 1.20 100s Gamewell pf. ... Gen Alloys - Gen Firepr't v40c. Gen (nvest Corp. . Gen Inv Corp pf. 208 8 Gen Pub 8 pf a15..450s 230 Stock and Sales— Jen Rayon Ltd A 8 Gen Tele C'p a1.35 Gen Tire & Rub 64 Georgis Pw pf (6) 1835 GIIb't(AC)ab2% ¢ 43 Gilbert(AC)pf 3% K Glen Alden C (+1) 84 Godchaux S A b2_. 24 Godehaux SugB) 53 Goldfield Consol.-. Corham (A) - Gorham Mf vte 1 Grand Nat) Fllms Grav Tel PS (1) Gr Rap Var(160¢) Grt A&PTnv 16 813 60} B0 A 19% 119% 17% 1% 1% 1T 125 126 17% Yo IO 125 30 3% 72 19% 14 3 roc Store Prod Gulf Oil (Pa) b26e Hall Lamp (30c) Hartman Tobacco Harvard Brewery. Hat Corp (b20c) .. Hazeltine (b75¢) _. Hearn Dep S b1.65 HearnDS6%pf 3 Hecla Min (b20c) Helena Rubenst'n. Helena Rub (A) 1. HevdenCh (12) . Hollinger (165¢c) . Hudson BM&S (1) Humble Oi1 (1%). Hyxrade Food MP&L6% DI .. 60s = 63§ @ 234 - coRmnenSmaanmnn Bond Imp Ch Ind(a29c) 1 Imp Ofl reg (150¢) 2 tmp Of1 Ltd t6uc 18 Ind’'n Ter (1O(A) 1 Indiana PL (t40c) & Indl. Svc 6%pf 10s Indus Fin vte 1 indus Fin 1% pf 768 | tns Coor I\o A *2 7008 Inu Cig . inf) Falaginy La 2 Int HESep A war 1 mtiHy R1Scvof 2 I[nt] Metals Inc A. 1008 Int] Petr 1 1% Int] Products intl Uth (B) Int! Vitamin(50¢) Interst B M t2% _ Invest Royalty 6c. Irving AIr Ch (1) ltal Superpwr(A). Jacobs(FL)Co(1) JerCen P&Lpf 6% 25s JersCen P&L pf 6 108 Jonas & Naum b15 1 Jones&Laugh Stl 8 KanCity PSptA 2 Kans G&E pf (7). 20s Ken RT&L AaTbe 1 | Kingston Prod 40e 22 | Kingston Prod rts 13 “;: | Kirby Petrol (20c) 1 ZSM'KM"'DE”'“ - 1 lssg | K<oppers of (6) _ 260 18| Kreuger Brew t1_ 1 614 | Lake Sh M (14) 69 | Lakey Fy & Mach. 115 | Lefcourt Realty _ 5634 | Leh Coal &N 30c_. 147, | Leonard 1 __ 34 | Lion Ofl Ref (1)__ Lit Brothers _ 1 Locke St1Ch t80c. 4 | Lockheed Atrcrate 28 | Lone Star Gas 80c 2 Long island utg 23 Long I L of A(T). 10s La Land (40¢)-_.. 29 McCord Rad (B)_. McWilllams D (t3 Majestic Ra&Tel_ Mangel Stores _. Margay Ofl ab0n._. Marion Stes | Mass Util Massey Ha: Master Elec (1) | Mead Johnson (13)175: Mem Nat Gasoe) Metal Texile(40¢) Merch&Mf A a30c Merc Stores (b3)_ Merritt Chap & S Mesabi fron ___ Mich Bumper C... Mich Gas & Otl._. 203 | Mich Sugar ___ 474 | Mid Sta Pet (B) _ 5% | Mid-W Abrasal0c 15” i Midvale Co (b75¢) Mining Co (Can) m Molvbdenum Corp Mont Ward A (7) 434 | Moore Dist (t50¢) Mount Prod (60c) 7214 | Mueller Brass t1 8% | Murray Mfg a1.40 1 3% 3% 28}y 2834 | o 34 8% 214 21% 3 3 % 8% 95 9% 38 38 1 1 46 146 2 6 2 5 1 10 20 9 s © g8 » SnlomnaElunmme S s Nat Aut Fib b50c_ Nat Baking Co ... Nat Bella Hess 16 Nat Bd&Sh(a25c) 100s e mmoe 1y ’ 1 4 5\t Gyps A a2% .. Nat Investors at Invest war _ t Inv pf (a10)_. 4 | Nat Leather | Nat Oil Prod t60c Nat P& Lt pf (6) 150 Nat Refining Nat Rub Mch a20c Nat Service Z Nat Servi 24 Nat Sugar NJ (l) %4 | Nat Tea pf (55¢) . Nat Transit (75¢) Nat Union Radfo 1 Neht Corp NeptuneM(A)aélc 2 New HavCl (1%) 1 N J Zinc (+3) 7000 Newmont Min b75: 5 80'5 83§ 1173 11834 13% 133 243 % 3134 61 N ¥ Merchandise. 2 N Y Steam . L N Y Tel of (63) . 25s N Y Transit t30c 1 N Y Water Sve pf 108 % | Niag Hud Pwr new 17 Niag HPeArwar 8 N gan HBwar 4 Niag Hud ist (5) 150s Niag Sh Md B a60¢ Niles Bm Pnd b50c Nipissing (50¢) Noma Elec (b40c) NorthAmL&P N A Rayon A 1% NoAm Ray B t1% No Cen Tex Oalic North'n Europ Of1 North Pipe L a75¢ North States P A Northw Eng(a13 Novadel Agene(2) Ohio Brass B (t1) Ohio Pwr pf (6) 14 (Ohio PSpf A (7). glll Nat Gll Co-. Overseas Sec 60c.. Pac G&E 1st (1%) Pacific Ltg pf (6) Pac Tin spec (12) Pantepec Ol Pender Gr(B)as0c Pennroad (azfe) Penna Salt (b1%) Phila Co (1) Phillips Pkg a50c Phoenix Secur | Phoenix S pf A(3) Plerce Gov (a50c) Pioneer Gold b10c. Pitney Bow!(t40c) Pittsdbgh Forging Pitts & L Eb2% 130 Pitts Plate G1(a6) Pleas Vall W(bse) Plough Inc (1.20) Powdrell&Al t600. Potrero Susar 23 | Premier Gold t120 3 | Pressed Met (+2)_ Producers Corp-—. Propper-McC (d) - Prosperity Bal} Prov Gas (80c).... 100s Pub Sve Ind pf 1808 PubSvc Ind pr pf 30s Pub Sve N I11 pfé 100s SuranmBas © 1 0 O e 00 0 2% 21 1654 1us " 60 663 11} Pwr & Lt §6 pt 18508 67 93§ 24 2% 3% 12% :m la 70% 28 EEY 15 38 1634 354 1143 25% L3 k) 635 2039 noh 18% 5834 8% 3 10% 12034 6% 435 6% 80 l/i 2% 1 15 1y 3 b 1038, & 43% 8734 1134 92 13434 N Y & Hondur (1) 50s 33 15 18% 1193 5 574 15 31% 106% 5% il 125 515 172 4% “ug Sd P&L pf(6) 50s 78 Pug Sd P&L $6 pf 2008 Pyrene Mfgasfc. 4 Quaker Oats (5).. 108 Ry & Lt Secal.56. 768 24! 7% | kainbow Lum (A) 3 Rainbow Lum (B) 1 4835 453 18% 121 «1 1% % Raym’d Cono (1) 11608 463§ Raym’d Con of(3) lo. Raytheon Mfg vto Red Bank R«a R B new 130« Reiter-Foster .. Reynolds Invest.. Rice 8tix DG bS0e. Richm’d Radiator. RochG&EpID6._. lll BK % 101 172 121 ki 101 NEW YORK CURB MARKET Dividend Rate. Add 00 High. Low. Close. 244 IM 203 29 % 1436 u!( 43} 43 184 184 9 4 355 M" K 6 = 6 2 26 3% 34 18% 18% 163 16% 1113 113 13% 5§ 5% 2% 8% 13% 16 163 50 3% 18% 15% 50 SHARP CUT SEEN 2| INBANKRESERVE |$790,000,000 Total ‘Frozen’ Under Increase in Requirements. By the Associated Press. The Federal Reserve Board reported that $790,000,000 of idle bank funds were “frozen” under the increase in deposit reserve requirements effective on March 1 The 1635 per cent increase will be followed by a similar raise effective May 1. The higher requirements were ordered to head off & possibly injuri- ous credit expansion. In its weekly condition statement, the board said member bank excess reserves stood at $1,810,000,000 on March 3, compared with $2,100,000,000 in the previous week. The further requirement increase May 1 is expected to effect a similar reduction. Thus, on the basis of the present excess re- serves, only about $500,000,000 of idle 954 | money will remain. After May 1, the board expects to exercise flexible control over the supply of loanable funds through ¢he pur- chase or sale of Government securities. The condition statement today showed a $35,000,000 increase in money in circulation during the week ended March 3 to $6,407,000,000, a new high Jor this year and $559,000,000 over the same week a year ago. This outflow of funds into circula- tion had some effect in reducing excess reserves, exclusive of the reduction caused by the raise in reserve require- *| ments. ‘The board’s statement said: “During the week ended March 3 member bank reserve balances de- 165 8534 i<l 119% 120 3% 3 145 1145 25% 26% 6% 6% % 6} 614 20} 2034 105 1104 18% 18% 5815 5834 ™ 3 10% 13 17% 63 22 119 1204 65 6% 43 4 6 6y 50 50 8% sy 13513 2% 2% 0% 1 4 13 14 1% 1% 2% 56 13 17% 813 82 3% 3% % % 1033 10315 [T 43% 4374 863 K63 113g | 1434 ] 4% 254 9% 1 2% 7% 17! 907§ 133 88 33 1434 “K 1% 17% 1193 119} 5 5 57% 5734 % kel 234 6% 1434 31 10635 10634 5 e 7 1 12 12% % 5l 2 16% 1% 1% % | Taggart 13 | Twin-Coach a1.40 creased $45,000,000. Reductions in member bank reserves arose from a decrease of $3,000,000 in reserve bank credit and increases of $35,000,000 in money in circulation, $18,000,000 in % | Treasury cash and $36,000,000 in ‘Treasury deposits with Federal Reserve banks, offset in part by increases of 34 | $18,000,000 in gold stock and $3,000,000 in Treasury currency and a decrease of $24,000,000 in non-member deposits and other Federal Reserve accounts.” 2:30 Stock and Sales— Dividend Rate. Add 00. Roosavelt Fleld 1 Root Petrolm(1). 13 Root P cv pf 1.20 2 Russeks F Av(t1) 17 Rustle: r&stl 43 Ryan Consolid’d 2 Ryerson & Haynes 2 Saf Car H&ELt b1% 25s St Anthony Gold 56 St Regis Paper 28 St Rexgis Paper pf 100s Schiff (The)Co(t3) 2 Scovill Mfg (b50c) 508 54 Seeman Bros t2%. 2 Sexal Lock&H . 8 Seiberling Rubber 2 Selected Indus 32 Sel [nd all cfs 6% 2508 SelInd Inceva2.. 1 Seton Leathadve. 1 Sent Saf Control 2 Seversky Afrcraft ¢ Shattuck Den Min 24 25} Sherwin-Will (4) 2008 15134 Shawin W& P80c 1 30 Simmons HA& P. 10 6 Singer Mfg (16)__ 208 345 Singer Mfg Ltd rets (a28 4-5¢) Sonotone C (alte) Soss Mfg (a25c) . SoCal Edptpf 1% 20s SoCal Edpf B13y SoCalEdpfC1% South'nColoP A South’n PL b20c.. Southn Union Ga: Southl'd Roy b10c Spanish&Gen rcts " Spen Chain St 60c %4 Square D of A 2.20200s 46 Stahl MverIne .. 1 4 Stand Dredzing Stand Inv cum of Stand Oil Ky (11) Stand Ofl Ohio 1. Stand Pwr & Lt Stand Prod (b25¢) Stand S11&Ld (4c) Starrett Corn vte Ster] Alum Pa 75¢c Sterl'z Brew a75c Sterling. Inci20c) Stetson(JB)b50c Stinnes(Hugo) 4 Stroock & Coa2% Stuts Motor - Sullivan Machin Sunray Ol (al0c! Sunshine Min (3). Corp ... Tampa El (2.24) .. ‘Tastyeast(Del)A. ‘Tavlor Dist (30¢c). ‘Technicolor a50e ‘Thew Shovel a50c 200s Tilo Roof (#50c) 2 Tob Prod Exp 16c 2 Todd Shipyd (12) 200s Tonopah Belmont 9 Tonopah M (aée). 6 Tr-Lux DPS +20c. 8 Tri-Cont| C war 5 ‘Tubize Chatillion fung-Sol Lump n ‘Tung-Sol L of 80c [ 2 8 39 28% 27 Y 64 o4 9 T 8 1008 57%; 5 19% Ulen & Co 5% pt Ulen & Co 7% % 0! Unit Alr war Unit Chemical United Corp war_. Unit Gas Corp Utd Gas war Unjted G Cpf b1% Unit Lt & Pw (A) Unit Lt & Pw pf Unit Molass b11% Unit Shipyds B Unit Shoe M 2% U 8 Foil (B) (1) US&IS 1st pf b1y U S Lines pt U 8 Rub Reclaim Unit Stores vtc .. Unit Verde Ex (1) Unit Wall Paper Univ Cons Oil(a1) t''ah Apex Ut P&L pf b87%¢c. !5! | Utah Radio Prod 1 Utilities P& L «d) 28 UtilP&LB(@) . 3 Util P& L pf (d) .. 508 Utllity Equities 6 Utllity Eq pf b4 25s Utility & induspz 1 Valspar vte Valspar pf vte.... Venezuela Mex O. Venezuela Petrol. Waco Atreraft . ‘Wagner Bak b40c. Walker Minins Wayne Knit Mills. Pump (500 'n Oil of Del 12 3 3 1 2 1 2 6 T 2 32 12 3 27 1 2 4 5 0 4 9 2 8 31 l Py - @ Wentw'h Mf 11.20. 27 17% 11% 39 66} 6435 64lg 11934 11934 119%% 7% T 45% 183§ 1334 21 13 % K 101 W Tex Ut pfadd%. 508 W Va Coal & Coke 27 Westn A E (a36¢) 1 West Au Sup A +4 300s Westn Md pf (a7) 60s Will O11-0- ll 0. 1 Wil-low Ca! Wiison Jon -l% & Willson Prod (1) Wolverine Port C. Wolv Tube (t40c). Woodlev Pet r40c Wool FW Ltd béle Wright Harx t40c ¥gstn St1 Door(2) Yukon Gold(a13¢) rates m uarter! High. Low. NE Prev. 1937 2:15 p.m, Stock and . Dividend Rate. flfl m U S Pipe & !‘dry (l) 8 Realty ll“ “K U 8 Rllbber 118 92)4 U S Rubber 1stpf._.. 96 88} U S Smelting (b2) 76% 69 U S Smelting otu%) 124% 76 USSteel.. . 150 1393 U S Steel pf U 169 167 U S Tobacco pf (7) 94 7% USSt Yd (al2%e¢)-. 8% 63 United Stores (A) . 108 100 Univ Pictures 1st pf_ 4% 3% Utll Pw & Lt (A)(Q). 2% 1% Vadsco SalesCorp 3 48 Vadsco Sales Corp pf 34} 284 Vanadium Corp £ 4434 39 Van Raalte (b62%c) 114% 118% Van Raalte 1st pf (7) % Vick Chemical (+2)._ 94 73 Va-Car Chemical .. Va-Car Chem 6% pf . Va Iron Coal & Coke. Va Iron C & C pt Wabash (d) Wabash pt (A) (d) Waldorf Sys (1. ”). l ‘I ;4 4% Warner Bros Picture. lh Warner-Quinlan (d). 8434 102 98 West Penn Elec A (1) 208 10134 anatons, 95 106 100)4 96 West Pa Elec pf (6) . 109 10434 West Pa Elec pf (7). NEW YORK COTTON BY the Associated Press. NEW YORK, March 5—Renewed active buying developed in cotton to- day to carry prices to further new high ground following early reactions. ‘Weakness of the franc brought in foreign demand while Wall Street and Western buying was attracted on the advance. May, which had eased from 13.22 to 13.14 in early trading, rallied to 13.45 and was holding at the best in midafternoon, when prices were 19 to 29 points net higher. New Orleans Prices. NEW ORLEANS. March 5 (#.—8mall net losses were marked up against cotton Tuitures at "the opening today. Ma: ed at 1315, July at 12.00, n X n_the flrlt half hour onllonl uctuated narrowly sround these levels. Belling was light at the first call. but 9 buying interest was not as active as it | has been the past week. The President’s meunz last night was actively discussed. The ring however. did not consider it’ offered anything that should change the present course of prices. Cottonseed oll futures opened steady. March. 10.45b: May. 10 53b: July, 10.50: Beplember. 10.54b: October. "10.350. Washington Exchange SALES. Capital Traction 55—$1,000 at 96. % Potomac Electric Power 6% pfd.—10 at 114, 10 at 114, 10 at 114, Potomac Electric Power 5%2% at 114%, 2 at 112%. ‘Washington Rwy. & Elec. pfd.—10 at 110%. AFTER CALL. | Security Storage Co—1 at 118. Mergenthaler Linotype—8 at 51. Riggs Bank common—3 at 356. Capital Traction 55—8$500 at 95. % | W- | ot pléc | Wash. Ry. & EI ofd. ‘Washington Gas Light—5 at 88. Bid and Asked Prices. BONDS. Amer. Tel. & Tel. 4'as Anacostia 5 & Pot. Wash. Rwy. & Elec, 48 MISCELLANEOUS. Col. Country Cluo 5'3s M. Cold Storage b5 STOCKS. PUBLIC UTILITY. Amer. Tel & Tel (9) - cmm Transtt Co. & W, sieamboat (g6) Po pfd. (6) Bo B Po. 5is Wash. Gas Lt Co z Wasn Ry, & EL com. 130) BANK AND TRUST COMPANY, Amer. Sec & Tr Co. (e8) 203 (!:nnk of Bethesds (h.75) Com. & s-vmn a8 Liberty (4) uncoln {625 Natl, Seving S S35 B'h’un . & Tr. 160b s mioed SRSR-E wZ28%5 Ameriean (8) Corcoran Piremen's l Fafona: “Union (.60) 16, TITLE INSURANCE. Columbls (.30)_ Real Estate (6) rpel Corp. (2.00) nston Monotype l(erltnthnler unotm (& les Drt . ) tPlus extra 16 May 15. 1936: 50c paid Aug. 15 1h3 n:«?'bk p-yd Riov 16, 1036, enn e x'z’r"' extra. —1% ext: aid Dec 15. 193 o f-;cl paic Pjhe 50. Th36: INSURANCE STOCKS NEW YORK. March Security Deslers’ Assoctation: extra or extras. BeaTed or bala 50 far this year. BOSTON WOOI. MARKET. BOSTON. March 5 (b (U. & ment of Agriculture). fasturers _ covered riginal b ine lines for ‘Western g r00ls The volume was not large hut :neluded a N ber of lines. 8ho! nch e £ lent Tt e terri. ary wools o original Dags Drousht around scout ?nneh eamlb'lnl $1.03-05. scoured basis. wh it needs. Bl e i ens PHILADELPHIA PRODUCE. Msrch B (P—Li Breesdd were :&n bought U‘ These Tanser cross-breds, 31 28 unehanged, W YORK (Continued From Page A-16.) Bales— Net Add 00. High. Low. Close. chse. 1 7034 7034 7034 +134 363 12534 122% 12434 +434 5 14734 1465 146)§ — !5 10s 165 ‘m %4 lo. lWK 10034 lwh + 4 % 208 67 116 36 33 35% +3 208 115 pld—5 110% lSc paid 5 (fl—"fl York Prev. 1047 High, Low 165 165 -2 % 'B( % % - 4% 2% 2% + 4 56} 68% + % A1} 116 463 9 873 113 33 44 42% +1% 15 +1 115 100 vide cash u:glmmu bmfl not includ i Oon:-n!c:‘: revor 105 108 Woolworth Sales Up 3.9 Per Cent From 1936 Level BY the Associatea Press. NEW YORK, March 5.—February sales of F. W. Woolworth Co. were $19,758,264, against $19,014,284 in February, 1936, an increase of 3.9 per cent, it was announced. January sales showed an increase of 9.8 per cent over January, 1936. SPENDING BOOSTED BY CITIES SERVICE STOCK EXCHANGE Stock and Dividend Rate. West Pa Pwr pf ( % Western Marylan: W.l!‘n Un Tel(b75¢) Westingh'se A B (1) Weston EI Inst(a8bc) vaco Chlor (1) vaco 5% pf(1%) 1& L E pf(5%). Wheeling Steel _ White Motor White Rk M S (1. White Sewing White Sew Mach p: Wilcox Ol &Gas .. Wilson & Co (50¢) .. Wilson & Co pf (6)_. Woolworth (2.40) ... Worthington Pump... Worth Pump pf (A)- 17% Worth Pump pf (B) Wright Aero (al). Wrigley W ir (13) Yale & Towne (160c). Yellow Tr & Coach... Yell Tr&Cptb1¥% __. Young Spr& W (13). Youngstown S&T_.. Ygstn S&T pf (6%)-. 4:& ‘:}1 Zenith Radio (b50c) . Zonite Products Approximate Sales of Stocks on the N. ¥. Stock Exchange, | in 811 other places, the missing month of tradi 2:16 p.m. Bales— Net Add 00. High. Low. Close. cr.ge. 208 115 114% 116 + % 150 11% 10 11% + % 19 28 21% B% +!K 2 3% 80 10 9% .h + K 47 T MY -1 67 B6Y 64 56} +2% 16 166% 166 156% + i 208 168 167 167 6 21% 26% 27% +l 2 25% + % K 3434 00 mh us 18 -2 55% 56 +1% g m o4k 18+ 3% 6% g+ % 5 1% + % 9 9 -% 56 56 + 4534 44k 4B + 34 10234 106 +4% 9534 94 9634 +234 1108 127 124 126 +2 6 69 68) 68% — X 2 55 85 85 96 34 B4 Y + X 208 138 138 138 % 4y 6% 113 HARVESTER NET HITS §23.760,000 1936 Total Is All-Time Rec- ord, With Exception of 1929 Mark. BY the Assoclated Press. CHICAGO, March §.—The Interna- tional Harvester Co.’s 1936 net profit totaled $29,760,000, largest for any year in the company's history except 1929, Sydney G. McAllister, prasident, reported. The 1935 profit was $19,- 618,000 and 1929 earnings totaled $36,779,998. Pigures for 1936 covered a fiscal pe- riod ending October 31. Heretofore the company’s annual report has been based on a fiscal year ending December 31, but including no sales after No- vember 30. So far as income is con= 3 4634 46l 463 + 3 160 101% 98% 100} +2% 4101 101 101 20 39 38% 38% 0 % T - K 12:00 Noon. . 2:! Pll. 2,120,000 lven in the above al g CuATierly o BALE-seariy dees 100 shares. _tAnnual rate— Tast Cyear. b Pald - this year. g ' in receivership or being reorganized. CHICAGO GRAIN By the Associated Press. CHICAGO, March 5.—A rapidly ad- vancing trend that developed most strongly during late dealings hoisted wheat here 23 cents a bushel maxi- mum today. Unusual strength shown in foreign markets, with a decidedly better com- mercial demand for wheat, did much to spur price upturns in Chicago. Houses with Eastern connections were conspicuous as buyers. At the close, wheat was 17%a21; above yesterday’s finish; May 1.351 alz, July 1.17a1.17%; Corn 73al% up, May 1.0775a1.08, July 1.027%a1.03; oats 1%a% advanced and provisions show- inl 2 to 20 cents gain. WHEAT— Open May 134 1mooo Be Expenditure of 42 Millions in um“_ Y. 1937 Will Compare With $29,600,000 in 1936. BY the Associated Press. NEW YORK, March 5.—Cities Serv- ice Co., holding company with con- cerns in the oll and utility business, announced it was stepping up 1937 ex- penditures for construction and im- provements to $42,000,000 from $29,- 600,000 last year. Bulk of the funds, $24,000,000, will g0 into its oil properties. Some $16,- 000,000 is to be spent for production, pipe-line and storage facilities, includ- ing drilling, development work, rentals and lease purchases. Construction of new gasoline plants, refinery improve- | ments and retail outlet expansion will absorb $8,000,000. Extension of rural electrification, more power generating facilities and | routine urban expansion and replace- ments will absorb most of the $11,- 000,000 devoted to the company’s power and light division. Natural gas properties will take up ~|$7,000,000 in purchase of additional leases, drilling, pipe lines and under- ground storage facilities. DEPOSITS RECORD SET IN VIRGINIA | $216,475,451 Total December 31 Represents All-Time Peak, Com- missioner Reports. | BY the Associated Press. RICHMOND, Va., March 5—De- posits of Virginia State banks have reached an all-time high point. M. E. Bristow, commissioner of in- surance and banking of the State Corporation Commission, reported to- day that the figures as of December 31, just compiled, showed a total of $216,475,451.57 on deposit. The pre- vious record total of $206,339,000 was | st reached on December 31, 1928. There were 191 institutions oper- ating during 1936, compared to 195 in d_11.50 evenly hig! 1935 and 315 in 1928. Total assets reached $255,193,065.39. TALCOTT VOLUME UP SHARPLY OVER 1936 Special Dispatch to The Star. NEW YORK, March 5.—James Tal- cott, Inc., textile and general factors, report a business volume of $16,058,- 971 for the first two months of 1937, as compared with $12,088,632 for the corresponding period of 1936, an in- crease of 33 per cent. Volume for Feb- ruary was $8,019,497, compared with $5,870,601 for February, 1936, an in- crease of 36 per cent. OFFERS LAND BANK ISSUE. NEW YORK, March 5 (#).—Public offering was made today of $3,000,000 Dallas Joint Stock Land Bank 3 per cent farm loan bonds due in 1944. The issue offered by Lee Higginson Corp. was priced at 101 and accrued interest and is not redeemable before April 1, 1939. B. & 0. TO RECEIVE BIDS. NEW YORK, March 5 (#).—Balti- more & Ohio Railroad Co. will re- ceive bids on March 23 for $7,500,000 Series “I” 21; per cent equipment trust certificates, due March 1, 1938, to March 1, 1947. U. 5. TREASURY NOTES. (Reported by Chas. D _Barney & Go.) thhullll rity. fer 3 LRl gEzzEsEEERaeas STOCK SEAT HIGHER. NEW YORK, March 5 “(m.—.u rangements were made to sell & mem bership in the New York Stock Ex- change today for $125,000, an advance of $6,000 over the $119,000 for which s seat last changed hands, Febru- ary 13., IETAL nm'r 11.09%:; 4212-5, 400 1.531, 1501 Chicago Cash Market. Cash wheat, No. 1 hard, 141: No. 3 hard, 1.38%;; corn, No. 4 mixed, vellow, 1.08%-10;: oats, No. 1 white, No. 3 white, 48!2; sample grade, 8: no rye; barley feed, 73-87 nominal: malting. 1.00-38 nominal; | timothy seed, 5.50-75 hundredweight: | new, 5.25-50 hundredweight: reed, 28.00-35.00 hundredweight. Quotations. rch 5 (/.—Wheat No. Winnipeg Prices. Hlxh 130, OQKOOR!Y —eee 1.12% WS 85% lal- 111% B5% C!gs! !Clou No. 8 yellow. 1.11-12; No. 4! clover rlicky. spot domestic. | 515, (P.—Grain range 1.22% 111% 55% cerned, therefore, today’s report re- flected operations of 12 months in the major part of the Southern Hemi- sphere, as heretofore, and 11 months being November. The 1936 fiscal period net was equivalent to approximately $5.66 per share on the common stock after pro- vision for preferred stock dividends for the full year, compared with $3.28 per share the previous year. Harvester's proceeds from sales to- taled $254.934,000, a gain of 17 per cent compared with the previous year but 24 per cent less than the 1929 peak. Net operating ipcome in 1936 was $27,018,548, compared with $11,878,049 in 1935. In addition interest on re- ceivables, time sales and investments and miscellaneous earnings, less taxes, totaled $4,741,823, provision for surtax on undistributed profits was $2,000,000. Total transferred to surplus after divi- dends was $13,479,804. < Transcontinental & Western. Transcontinental & Western Air, Inc, Kansas City, reported 1936 net income of $205,125, compared with 519.404 in 1935. This was equivalent to approximately 32 cents a share on | the capital stock outstanding. Northern States Power. The Northern States Power Co. and subsidiaries reported preliminary net income of $5,190,816, compared with $4,933,765 in 1935. Borg-Warner Corp. Borg-Warner Corp. and subsidiaries | reported 1936 consolidated net income of $8,326,865, a new record for the | company. This was equivalent to $7.13 a share on the common stock. and | compared with $6,982,732, or $5.39 a share in 1935. Link-Belt Co. Link-Belt Co. and subsidiaries re- ported 1936 net profit of $2,221,376, compared with $1,092,360 in 1935 This was equivalent to $2.83 per share on the outstanding common stock after preferred stock dividend require- | ments, compared with $1.24 the previ- ous year. Hershey Chocolate. NEW YORK, March 5 (#) —Hershey Chocolate Co., with plant at Hershey, Pa.. reported 1936 net income of $3.- | 729,919, equal after allowing for par- ticipating provisions of convertible preference stock <o $3.50 a share of common stock, against $5,051.220, or ! $5.39 a comon share, in 1935. Burroughs Adding. Burroughs Adding Machine Co., De- troit, reported 1936 net profit of $6.- 944,442, equal to $139 a share of capital stock, against $5,113,528, or $1.02 a share, in 1935. L e e ‘Waukesha Motor Co.—Common share earnings, six months ended January 31, were 85 cents, against 38 cents. CHICAGO LIVE STOCK. CHICAGO. March 5 P —(United States %Axmul'ure .na choice 1R0: *So 5: top. 10.40: medium to g00d ids 8 A0-10.00° DIEE Jargels 7.00. .00: choice kinds up_to most packing sows. 9.50- Cattle. 1.500: 00: generally steady trade on all slaughter classes ex- cepting slight weakness on common and nod teers scaling, downward trom l! pounds. ers mostly com- m umu{rnu downward T he “stock - fu eady. 1 s R0, bt mostly. 6.80-7.50 beef cows and cutter grades fully veaiers stron: bulk 7.00-5.50: few weights, 5.00: bulls auotasly Including 500 direct. fat s gtesd sl ing un- ON IMPROVED No charge EQUITABLE Buwome Your Savings He! 716 11th Street 0 and better: | re Are r.ou: | Real Estate Loans 1st Trust 5% Interest On Improved Property Prompt Service Loan Correspondent Provident Mutual Life Insurance Co. Wm. H. Saunders Co., Inc. 1519 K St. DlIst. 1015 D. C. PROPERTY Immediate attention on your ap- plication for buying, rebuilding or refinancing. Loans payable monthly. fo. appraisal if loan is not made. ¥ Interest charged only on unpaid balance of principal. CO-OPERATIVE ASSOCIATION 915 F STREET N.W Organized 1879 Interest oS Low as 3% m unnml! 1’“' a0 per U o ted by Federo! 10 $5,000 rance up 0 Gfll.!llll‘lmlllll.lfllfi ISSONI'I'IIII ite Palais Royo!