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■ LIST TAKES UNEVENJOURSE Most Wide Changes Higher, Small Gains Offset by Moderate Losses. By the Associated Press. NEW YORK, January 11.—Mixed price swings characterized trading in the Curb Market today. Most of the wide changes were to ward higher ground, while slight alterations were about evenly divided late in the morning period. North American Rayon "A” and "B” stocks experienced sharp run-ups of from 1 Vi to more than 2 points, but turnover was not great. Pepperell also im proved a bit. Other prominent gain ers included Doehler Die Casting, Dow Chemical, Aluminum Co. of America and Great Northern Paper. Sun Ray Drug, Agfa Ansco and Gray Telephone Pay Station sold off a point or so. Pan-American Air ways, Pennroad and Cities Service lowered small fractions. Bankers National Investing Orders Dividend Payments m fepteial Dispatch to The Star. NEW YORK, January 11.—Bankers National Investing Corp. has declared tegular and extra dividends as follows: A quarterly dividend of 15 cents per •hare of preferred stock; quarterly dividend of 32 cents and an extra of 32 cents on the common class A and class B stock; a quarterly dividend of 8 cents and an extra of 8 cents per •hare on the common stock, all pay able January 22. to holders of record January 15, 1937. Since November, 1929, the company has paid dividends each February, May, August and November. The above regular payments are being made this month instead of next so as to give the company additional divi dend credit in its current fiscal year, which ends January 31, against the •urtax on undistributed earnings. SALES GAIN REVEALED FOR EIGHTH DISTRICT B* the Associated Press. ST. LOUIS. January 11.—The St. Louis Federal Reserve Bank an nounced today a preliminary report of unaudited department store sales for December in the eighth Federal Reserve district showed an increase of 64.8 per cent over sales of the pre ceding month, and a 17.9 per cent increase over those of December, 1935. Sales for the 12-month period which ended December 31 were re ■ ported as 11.9 per cent above those of the preceding 12 months. CURB BONDS High. Low. Close. Ala Power 4%s '67_94’s !I494 >« Ala Power 5s OS_ 99% 99% 99% Am G & E 5s 2028.. 107% 107% 197% Am P & L 6s 2016_1057s 105 105 Apoalach E P 5s ’56__ 105 104% 105 Appal P Os 2024 A_119% 119% 119% Ark P&L 5s '56 . 104% 104% 104% As El Ind 4%s '53_ 66% 66% 00% As G & E 4%s ’48_ 61% 61% 61% As G & E 4%s ’49_59% 59% 59% , As G & E 5s 50_ 64 63% 63% AS G & E os ’68_ 63% 63% 63% Asso Rayon os ’50_100% 100% 100% Bald L 6s ’38 xw stp_ 153 153 153 Birm El 4%s ’68_ 98% 98% 98% Brood Rv P 5s ’54 A_101% 101% 101% Can Pac 6s ’42_114 114 114 Cedar R M&P 5s ’53 .112 112 112 Cent II P S 5s '56 E.. 105 105 105 Cen UPS 4 %s '67 F_ 104 104 104 Cent I PS 4%s ’81 H.. 102% 102% 102% Cent Pw Lt 5s ’56.. 98 97',2 98 Cent St El 5s 48_ 71 71 71 Cen St P&L 5%s ’53_75% 75% 75% Cities SVc 5s '50_ 82% 82% 82's Cities Svc 5s ’66_ 81*4 81% 81% Cit S P&L 5%s ’52_ 79% 79 79 Cit S P&L 5%s 49_ 79 79 79 Comw Ed 4%s '56 C_110% 110% 110% Comw Ed 4s '81 F_loo3* 1063* 106% Comw Ed 3%s ’65 H _ 100% 106% 106% Comw Sb 5'/as 48 A_ 104 103% 104 Comuty P&L 5s ’57_ 89% 89 89 Cons Gs of B 5s '00__ 109'* 109% 109% Cons Gs Ut 6s ’43 A.. 98% 98% 98% Corn G&E 5s ’58 A _ OO7, 96% PH3, Detroit C G 6s '47 A . 106% 106% 106% Det Cit Gs 5s ’So B - 105% 105% 105 '* East G & F 4s 50 A__ 94% 94% 94% El Pw & Lt 55 2030_95% 95% 95% Elm WL&RR OS '50__ 109% 109% 109% Emp Dis E! 5s ’52_103% 103 103 Emp O&R 51 as ’43_ 93% 93% 93% Fed Wat 5'as ’54_93% 93% 93% Firest Cot M 5s 48_103% 103'% 103% Florida P&L 5s ’54_100% 100% 100% Gatineau Pw 5s ’56_103% 103% 103% Gen W W&E 5s '43 A 94% 94% 94% Georgia Pw 5s ’07 . 104% 104% 104% Glen Alden Cl 4s ’65 88% 87% 88% Guard Inv 5s ’48 A 73% 73% 73% Hall iWFl 6s ’47 stp 98% 98% 98% III Pw & L Hs *53 A 106 106 106 111 Pw & L 5s ’56 C. 104% 103% 103% 111 Pw a- Lt 5%s ’57 _ 97% 97% 97% Indian E C 6s '47 A.102 101% 101% Indian E C 6%s '53 B 105% 105% 105% Indian E C 5s ’51 C 98% 98 98 Indianap Gs 5s 52 80% so'* sn% Ind Hy-El 5s '58 A. 101 ]00%100% Interst Pw 5s ’57 75 74% 75 Interst P S 5s '56 D 93 92 93 Interst P S 4'is ’58 F 87’* 87% 87% lowa-N L&P 5s ’57 A 103% 103% 103% Iowa Pub Sv 5s '57 105% ]05% 105' , Jer C P&L 4%s 'Hi C 105% 105% 105% Lehieh P S 6s 2026 A 111 111 111 La Pw & Lt 5s ’57 105% 105% 105% Midlan VRR 5s '43 _ 03% 03% 03% Mil G & E 4%S '67 105% 105% 105% Miss Pow 5s '55 . 06 96 96 Miss Pw & L 5s ’57 99 08% 99 Mo Pub S 5s ’47 A . 81% 80% 81% Muns SS 6'is '37 ww 14% 14% 14% Nass & Su L 5s '45 107 107 107 Nat P & L 5s 2030 B . 95% 95% 05% Nevad Cal El 5s T.6 98% 98% 98% New E G&E 5s ’47 83 S3 83 New E G&E 5S ’48 83% 83% 83% New E G&E 5s '50 82% 82% 8"% New E Pw 5s '48 . 101 Vi 101% 101 V« New E Pw 5'is '54 . 102'/* 102 102 New Or PS 6s ’40 A 88 87% 88 No Con Us 5%s ’48 A. 67% 67% 07% No Ind PS 4'is ’70 E _ 104',* 104% 104% Northw P 6s ’60 A 00 00 00 Ogden G Co 5s ’45... 111% 111% 111% Ohio Edison 5s ’60 . 105% 105% 105% Okla N G 4',is ’51 A. 00% 90% 09% Osweeo Falls 6s ’41.. 101% 101% 101% Pac G & E 6s ’41 B._ 118% 118% 118'/* Pac P & L 5s ’55 .. 80% 80% 80% Penn C L&P 4',is ’77.. 105'/* 105'/* 105'/* Penn C P&L 5s ’79_104% 104% 104% Penn El 4s ’7t F .. 103 103 103 Penn O E 5%s ’50 B.. 104% 104% 104% Penn O E os ’50 A _. 105% 105% 105% Penn P Svc 5s ’54 D 106 106 106 Peop GL&C 4s '81 B 00 00 09 Peop L&P 5s '79 .. 20 20 29 Phila Elec C 5s ’66.. 110% 110% 110% Pitts Coal 6s ’40_ _ 107% 107% 107% Pw CP C 4%s '50 B . 101'/* 101 V* 101V* Pw ?er Corp fir. ’49 101", 101 101 Pur S P&L 5'is ’40 A 07% 07V* 07% Pue S P&L 5s ’50 C 04 93% 04 Puc S P&L 4'is ’50 D 01% 00% 91 % Bee Int Sec 5 '48 . 102% 102% 102% S E P&L 6s 2025 A 109% 109% 100% 8ou Cal Ed 3%s ’60 .. 107% 107% 107% Sou Cal E 3s ’60 B 107% 107% 107% Sou Ind Rv 4s '51 . 86% 86% 8fi% Souw As T 5s ’61 A 102% 102% 102% Std G&E 68 '51 A 01 00% 00V* Std G&E fis '66 B 90 80% 80% Stand Pw & Lt 6s '57 »o 80% 00 Super of H 4%s ’68-. 105 105 105 Super of II 4'/is ’70 .. 105% 105% 105% Tenn El Pw 5s '56.. 07V, 97% 07% Texas Elec 5s ’60_ 106 106 106 ?herm 6s ’37 st ww... 103 102% 103 oledo Edis 5s ’62 . . 107% 107V* 107V* Twin C RTS 5%s ’52 A 03% 93% 93% Tflen & Co 6s ’44 Illst. 48 48 48 Unit Lt & Pw 5%s ’59.106% 106% 106V, Unit Lt & PWKS ’75 . 88% 88% 88V4 Unit Lt & Pw 6%s '74. 04% 04% 04% Unit L&R D 5%s ’52. 05% 05 05 Unit L&R M 6, ’52A. 114 114 114 Unit L& R M 6s ’73A 89 80 80 Utah P&L 6s 2022A 102% 102% 102% Va Pub Ser fia '46 . PP% PP% PP% Va Pub Ser 5 Via ’46A 103% 103% 103 V, Va Pub Ser 5s ’50B . 102% 102% 102% Wash Gas Lt Ss ’58 _ 107% 107% 107% West News U fis ’44... 75 75 75 West T TJt 5s '57 A .. 90% 90V* 00% Wheeling El 5s ’41_ 107 107 107 Wls P&L 4s *56A 102 102 102 Yadkin Rlv P 5s '41 lnflN 106% 106% FOREIGN. Ger Con Mun 7s '47 18 18 18 Ital Su Pw Hs '63.. 56V* 55% 56% Lima City 6%s ’58 ... iO% 10% 10% Mendoz P 4s 'Slsto . 01% 01% ni% Rid de Jan 6%S 'SO . .32% 32% 32% Sanltac Chll 7s ’40 . 17% 17 17% stlnnes Hug 4s 4«st 2d 47 47 47 Ternl-Soc 6%s ’53A . 68% 67% 68% Jobless Insurance. More than (10,000,000 was paid in 1936 Into the unemployment insur ance fund of California with (4,000, 000 yet to come at the year's end. A NEW YORK CURB MARKET By private wire direct to The star Stock and Sales— Dividend Rate. Add 00. Ht«h. Low. Close. Acme W vto (2)-. 875s 47 46 47 Aero Supply (B).. 18 t4 64 64 Agfa Ansco_ 1 17 17 17 Ainsworth <al)_ 2 204 20 20 Air investors lno. 12 6 44 6 Air Inv Inc war... 6 14 14 1H Air Invest cv pf... 2 324 824 2354 Ala Pwr pf (6) .. 10e 72 72 72 Allen Indus (tl).. 2 26 25 26 Alles Fisher _ 2 «4 44 44 Alum'n Co of Am 460. 1674 164 1674 Alum Am pf 7114 100* 11654 11654 H&4 Alum'n Ltd _ 200* 117 116 116 Am Airlines. Ine.. 17 814 80 814 Am Beverage _ 2 84 34 34 Am Capital (B) 14 4 4 Am Clt P&L (A) 3 160* 414 41 414 Am CP&L ww25* 2 46 46 46 Am CltP&L B a20c 8 74 654 64 Am Cynam B f 60c 16 864 84*4 344 Am&ForPwww. 6 H4 34 34 Am G&E (1.40) 66 464 <5 46 Am Gen C’p ta50c) 7 11 104 104 AmGenpf (24). KOs £94 394 894 Am Gen C pf 12) 600. 364 34 364 Am L & T < 11-20) _ 8 234 234 234 Am Mfg Co (a3)_. 60. 864 36 364 Am Maracaibo_ 77 14 14 14 Am Meter ia2>4)- 6 69 68 68 Am Superpower... £7 24 k.4 24 Am Superpwr pf_. 8 684 604 624 Anchor Post F ... 8 65* 64 64 Angostura <t20c). 4 6 64 8 Arcturus Radio T. 11 14 14 14 Ark Nat Gas _ 14 84 896 84 Ark NatGcupf.. 7 10 94 94 Ark Nat Gas (A), to 84 84 84 Ashland Oil & Ref 260 8.4 7 4 84 As El 1 a29 7-10c 1 124 124 124 Asso Gas & Elec.. 17 24 24 24 Asso G & E (A) ... 127 6 4 4 4 44 Aaso G & E *6 pf.. 6 884 37 4 87 4 All Coast Fisher . 3 115* 11 114 Atlas Corp <a80c) 16 174 174 175* Atlas Corp war . 23 85* 34 *4 Atlas Crp pf A(3). 2 614 614 514 Atlas Ply nd a5Uc 13 235* 225. 23>i Austin Sliver .. 23 24 25* 25t Auto Vot M (tSOc) 4 8 75* 8 Ax-Fishert 3.20) A 60 * 40 394 to Babcock&W all.85 250* 135 1324 136 Baldw Lbdrtstd) 100 34 24 34 Barium Stain Stl 9 4,4 44 t4 Baum 11 L 1st pf 77 20* 93 93 93 Reilenca Aircraft 25 64 6 64 Bell Tell Pa pf 64 20* 1225* 1214 1224 Berkey&Uay F Co 31 24 25* 24 Berk&GF pur war 62 14 14 14 Bliss Co IE W).._ 6 194 194 195* Blue Ridge C alOc 2 34 89* 8,4 Blumenthal S_ 6 884 374 38 Bohack(HC)_25* 10 10 10 Bohack HC 1st pf. 40* 624 62 62 Bower Roll B (2). 7 29 29 29 Bowman-Blltmor* 1 24 24 24 Brazil TL&P 40c.. 6 205* 204 205* Hndgep't Mch al. 18 199* 185* 184 Brill Corp <B)_ 1 24 24 24 Brill Corp pf ... 200* 67 664 6«4 Brillo Mfg (60c).. 2 104 104 109* Brown Copt _160* 495* 49.4 494 Brown Forman_ 7 10,4 10 1054 Buckeye P L (3) . 61 ■ 4b 46 4b Buff N&E pf 1.60.. 2 269* 254 254 Bunker H&S (t2) 21*113 113 113 Burma(al2 9-10c) 3 4 4 4 Burry Bisc (60c).. 2 75* 7 75* Cable El Prod vie. 2 14 1 1 Can Indus Alco A. 17 7 7 Can Marconi _ 137 25* 24 25* Jarlb Syndicate_ 8 15* 24 24 Carrier Corp . 9 314 314 314 Carter Co (J \V)._ 6 11 10J* lu4 Casco Products .. 1 364 364 364 Catlin Corp ta40c) 21 95* 9 94 Ceiunese 1st pf(7) £0* 1094 109 109 Celluloid Corp 1 11 11 11 Celluloid 1st pf 78 20* 96 9b 9b Cen Hud G&E 80c 8 19 184 19 CentOh10Stlal.lt 1 184 184 I84 Cent & S W Util.. 14 44 4 44 Cent States Elec . 34 29* 24 29* Cent St El cv pf n. 60* 245* 244 244 Cent St El 6% pt 326. 2&4 26 26 Cent St El 7% pf . *6* 47 4 474 474 Centrlf Pipe t4UO. 1 64 64 64 Charts Corp (14). 2 16 155* 16 Chief Consol_ 1 14 15* 15* Childs Co pf_ 60.- 80 80 80 Cities Service_ 178 44 44 45* Cities Service pf 4 68 674 68 Cities Svc pf(BB) 10. 6b 66 6S Cltv Auto S( t60c) 9 18V* 124 134 I 1'laude Neon Lts.. 1 5* 5* I Clev Tractor ._ 6 109* 10 104 Club Aluminum... 1 2 2 2 Colon Dev Ltd ... 44 65* 64 64 Colon Dev 6% pf.. 3 4 4 4 Colo Fuel&lr war. 1 194 194 194 Colt's P F A 11 5* 14 65 605* 601* Colum G&E pfto) 226. £64 959* 964 ColumbO* Ga20c 55 105* 10 104 Comwlth Edis (5). 1 130 180 130 Com with & S war 8444 Com'u'ty P&L 1st 60. 614 614 614 Community PS tl 200* 824 32 324 ComSM stc vtc tl- 1 16 16 16 Cons Aircraft . 16 234 23 23}* Consol Biscuit 60c 8 104 95* 104 Consol Copper 111 95* 9 »4 Cons Gas(Bo)3.60 2 89 889* 884 Cons Min&Sm T2.. 60. 80 80 80 Consol Retail Strs 2 8 4 85* 84 Cont i Roll & S Fy 9 184 174 184 Cook P & Var t60c 1 19 19 19 Cooper Bessemer. 7 314 304 31 Copper Range ... 14 174 145* 174 Cord Corp ... 87 54 6 64 Corroon & Reyn . 1 65* 64 64 Coaden Oil Me (d) 47 4 35* 4 Cosdeni Me)pf Ml) 1 35 35 36 Crampi VV&Sons). 3 14 14 14 Creole Pei ia50c). 17 364 364 *65* Crocker-U’h alOc. 4 164 15 15 Croft Brewing ..11 5* % % Crowley Milner... 1 10 10 10 Crown Cent Pa6c 64 24 24 24 Crown Drug (40c) 49 6 44 45* Cuban Tob vtc 1 16 16 16 Curtis Mfg <a50c) 60* 154 164 154 Cusl Mex Mining. * 4 5* 4 Darby Petr (60c). 1 1654 1654 1654 Dayton Rubber... 19 28 22J4 23 Dejay Stores t80c. 1 16*4 16*4 1554 Derby Oil & Ref . 80 754 654 754 Derby Oll&R pff4 26a 82 81*4 82 Det Gray Irt’Oc.. 1 1354 1854 1354 Det Pap Prod t25c ’1 854 854 854 Detroit Steel (tl). 6 6754 6754 6754 Distilled Liquors. 1 1054 105s 1054 Dohler Die C (al) 18 4254 4154 *-H Dow Chem (2.40). 2 14154 140 140 Draper C (t2.40) 20i 96 96 96 Driver Harris (tl) 2 82 81 32 Dubelier Condens 6 854 354 354 Duval Tex Sa50o 37 954 854 954 Eagle Pitch d a60e 30 2354 2:( 2354 East’n G&F Asso 6 754 754 754 East'n G&F pf(6) 400» 62,4 6154 6154 East'n States Pwr 1 654 654 654 East'n St Pw (B) 1 7954 78)4 7954 Easy W M B t50e 2 1154 1154 1154 Economy G S al 54 100a 23 2254 28 Etsler Elec (a5c). 2 854 354 354 Elec Bond & Share 860 2654 2654 2654 ElacB&Spf <6)_. 2 7654 76 76 Elec B & S pf (6). 6 8454 8354 8454 El Pwr As(A)a25c 1 854 854 854 Eleo P&L opt war. 1 I854 1354 1354 Elec P&L 2d pf A 40a 80 80 80 Elec Shareholding 6 654 654 854 Electrographic tl 1 1754 1754 1754 Emp G&F 654% pf 60a 70 70 70 EmpG&F7%pf 100f 70 69 69 Equity Corp(a25c) 16 254 254 254 Evans Wall Lead IS 1 1 1 Evans Wall L pf 8C0t 24 22 24 Ex-C-O A&T t60c 4 1 2254 2 1 2254 Fairchild Av al5c 1 7k 7% 7k Fa I staff Br (a) k) 19 9k 8k 9k Fanny F C (t50c). 8 -8k 28k 23k Ferro BnamiaSl.. 9 39 38k 38k Ftdello Brewery.. 4 k k k Fisk Rubber ... 4 11 10k H Fla P & L Of_ 860* 88k 83 63k Ford Ltd al81-10c 1 7k 7H 7k Ford (Cap) A (1). 17 24k 23k 24H Ford (Can) B a75c 76* 26 26k 26 Ford (France) ... 4 8k 3k »k Fox (P) Brew 80c. 1 10k 10k 10k Froedt’t GAM 20c. 4 14 14 14 Froedt't cv of 1.20 100* 19 19 19 Gen Alloys _ 8 3k &k 8k Gen El Ltd a66kO 1 22k 22k 22k Gen Ftrepr’f t40c. 1 20 20 20 Gen G & El cv pf B 60* 61 61 61 Gen Inveat Corp.. 2 lk lk lk Gan Tire A Rub 19 20k 26 20k Gen Pub Sv pf 115 10* 84 84 84 Georgia Pw pf (6 ) 26* 96 96 96 Glen AldenC (tl) 7 14k 18k 14k Godchaux SuetB> 4 32k 82 82 Godchaux S pf (7) 40* 106 106 106 Goldfield Consol 6 k H k Gorham (A) .. 1 8k 6k 6k Gorham vtc ex(l) 1 26k 26k 25k Grand Natl Films 7 8k 8k 8k Gr Rap V«rlt6(lc) 1 18k 13k 18k Gray Tel PS (1) 2 20k 20 20 GrtAAPTnvtS SO. 11% 111 116 GrtNorPap (tl).20U* 40 89k 40 Greenfield TAD.. 2 9k 9k 9k Guardian Invest.- 1 k H k Gulf Oil Pa new... 29 62k 60k 62k Hall Lamp (80c)„ 8 «H «k 6k Hartman Tobacco. 1 lk lk lk Harvard Brewery. 1 8k 8k 8k Hat Corp (B)_ t 14k 14k 14k M. Stock and Sales— Dividend Rate Add 00. Hlsh. Low. Close. Hazel tine (a2%). 2 16% 16% 16% Heela Min la60c) 84 20 19'% 20 Heller (WE) t40c. 1 9% 9% 9% Heller pf ww 1 94.100* 28% 2854 28% ■olllneerG t65c. 8 14% 14% 14% Horn & Hard (2)..100e 40 8954 3954 Hudson BMftS(l) 62 84% 88% 84% Humble Oil (tl).. 7 79% 7C 79% Hygrada Food_ 6 6% 654 6% Huyler'sIDelHd). 8 1% 1% 1% Huyl pf stpd (d)-.100» 20% 20 20% 111 P&L 6% pf... 80* 69% 69% 69% 111 Pwr & Lt 86 pf 900e 68% 67% 68% Imp Oil Ltd t50c 18 21% 21% 21% Ind n Ter 111 O(A) 1 4% 4% 4% Indiana PL (t40c) 8 8% 8% 8% Indus Fin 7 % pf 25e 17 17 17 Ins Co of No A t2. 160* 73% 7*% 7254 lntl Cigar M r2 8 26% 26% 26% lntl Hy El 8 cv pf 2 83 8*94 32% lntl Petr ltl%)__ 0 n6% 35% 3694 lntl Products_ 6 7% 7% 75* lntl Util (B) . 8 2%*% 2% lntl Utilities war. 4 % % % lntl Util war new. 6 % % % lntl Vitamin t50c. 4 6% 6% 6% Interst Ho R1 t2% 1 3 494 34% 34% lnterst P(Del)pf. 20« 21% 21 2154 Inv Royalty (3c). 6 % % % Iron Firemen(tl) 100s 24% 24 24 Irving Air Cb (1). 19 18% 18 18% ltal Superpwr(A). 1111 Jacobs(FL)Cod). 9 1454 14 14% Jeanette G1 a40c.. 7 13 12% 13 JersCen P&L pf 6. 20. 94% 98 94% Jonas ft Naum_ 6 7% 7% 7% Jones&Laugh Stl. 3 100% 99 100% Kans City P S vtc. 6 *$ 7» 7$ Kan City PSol A 2 84$ 84* 34$ Ken RT&L A a75c 6 19 19 19 Kingsbury Brew 4 2‘j 2V$ 24$ Kingston Prod 40c 14 74» 64$ 7*$ Klrbv Petr (2Uc> 13 64* 64$ 64$ Knott Corp (a40c) 4 15*$ 15 lb*$ Koppers pf (6) 25s 106*$ 106*$ 106*$ KreuRer Brew (1) 7 194$ 184$ 184$ Lake Sh M tT4 ) .. 8 674* 67!$ 57*$ l.akey Fv & Mach 5 6** 6‘* 64» Leh Coal&N a60c. 13 114$ 11*$ 114$ Leonard Oil _ 46 1*$ 1 1*» Lion Oil Ref (1).. 6 17*$ 174$ 174$ Lit Brothers ... 1 6*$ 6*$ 6!$ Locke Stl Ch 80c.. 3 14*$ 14'$ 14!$ Lockheed Aircraft 94 114* 11 11*$ Lone Star G a60c. 41 134$ 124$ 134$ Long Island Ltg.. 6 64$ 64$ 54$ Long 1 L pf A(7>. 20s 91*$ 91*$ 91'* Loudon Pk'n f50c. 3 6'$ 6*$ 6J* La Land (40c)_ 66 14*$ 14 14 Lucky T (tl2c).._ 7 1*$ 1*$ 1*$ Lynch Corp (t2)_. 1 40 40 40 McCord Rad (B>__ 1 11*$ 11*$ 11*$ Majestic Ra&Tel.. 14 4 4 Margay Oil a50c— 1 19*$ 19*$ 19*$ Marlon Steam Sh.. 6 17 164$ 17 Mass Util Assocla. 2 3*$ 8*$ 8*$ Massey Harris_ 6 94$ 9*$ 9*$ Mem Nat G(a50c). 2 7 64$ 64$ Mercantile Stores. 1 42 42 42 Merch&M A a 15c.. 4 64$ 64$ 64$ Merritt Chap &S. 14 84$ 8*$ 8*$ Mesabl Iron _ 74 4$ *$ •$ Mex-OhioOll ... 6 4*$ 4 4 Mich Bumper C 16 3 24$ 3 Mich Steel T al.09 1 154* 164$ 154* Mich Sugar. _ 5 14$ 14$ 1*$ Mid Sta Pet (A) . 4 64* 6 6 Mid-W’Abras tlOc 2 34$ 34$ 34$ Mldld Ocvpf fl>$ 100s 10 10 10 Midvale Co <a5).. 60s 72*$ 72 72 Mining Co (Can).. 10 34* 344 34$ Miss Riv F pf <6). to* 116 115*$ 115*$ .Mock Judson 60c. 5 144$ 144$ 144$ Moh H P&L lst(7)425» 102 101 102 Mohawk H 2d pf 300s 121 1174$ 121 Molybdenum Corp 14 94$ 94$ 94$ Mont Ward A (7) 120* 151 151 151 Montr HLt&P 14$ 2 37 37 37 Moody’s pt pf (3). 25s 39 89 39 Moore Dist <t50c) 6 7'$ 7J$ 7*$ Mount Prod (60c) 14 64$ 6J$ 64$ Mueller Brass tl. 18 48*$ 47!$ 47*$ Nat Auto Fib tl% 2 334$ 33*$ 384$ Nat Baking Co- 2 7*$ 7}$ 7*$ Nat Bella Hess... 24 24$ 24$ 24$ Nat Fuel Gas (1). 1 18 18 18 Nat Gyps A a24$— 3 65 64*$ 64!$ Nat Investors ... 24 34$ 3!$ 34$ Nat Invest war_ 1 4$ 4$ 4$ Nat Leather .. 16 24$ 2*$ 2*$ Nat Oil Prod t60c 1 33*$ 33*$ 33*$ Nat P&Lt pf (6) 250s 90*$ 894$ 90 Nat Refining 2 84$ g 8 Nat Rub .Mch a20c 53 13 12 13 Nat Service 22 4$ *$ 4$ Nat Service pf .. 3 44$ 4*$ 44$ Nat Steel Car Ltd 60s 57*$ 57*$ 67*$ Nat Sugar N J (2) 4 i.74* 27}$ 274$ Nat Transit (76c). 3 10*$ 1C*$ 10',$ Nat Union Radio 26 2*$ 2*4 2j$ Neptune M A a60c 2 17*$ 17*$ 17*$ Nev-Callf Elec_ 10s 22 22 22 N J zinc (t2)-600s 85*$ 84 86*$ New M&A Ld ale- 2 4'$ 4*$ 4*$ Newmont M a3 4$ 1 134 134 134 N Y & Hound (tl) 250s 32*$ 32*$ 32*4 m 3 Shipbldg. 1 ^ NY Steam- 2 ig*$ 18*$ igj* Nlag Hud Pw a40c 122 18*$ 17*$ lg Nlag H P(A) war. 20 *$ 74 *$ ViagS Md BaSCc. 7 14*$ 13*$ 14*4 Niles-Bem-P <al). 2 46 46 46 Nlpisslng (a50c).. 9 3 27$ 3 Noma Elec <a40c) 8 107$ 104$ 104$ North Am L & P 212 6*$ 67$ 6*$ North AmL&P pf 250s 74 7l»$ 74 N A Rayon A tl % 15 41 39*$ 40*$ N A Rayon B 11 *$ 3 40*$ 39*$ 40*4 North Am Ut Sec 1 4!$ 4*4 4u No Cen Tex O al5c 16 6 6 North’n Europ OH 1E6 J$ *2 y. No In PS63Jpft4>$ 10s' 9t*$ 91*$ 91*4 N'or IPS 7%pffl>4 20s 99*$ 99*$ i9*$ North States PA 9 88 16»$ 38 North’st Eng al*$ 1 26 26 26 Novadel Ag (2)... 4 85*$ 34*$ 34*$ Ohio Brass B (tl) 75a 46 46 46 Ohio Edls pf (6)._ 69a 1084 14194 josu Ohio Oil cu pf («). 2110411041104 Ohio Pwr pf (6)... 80a 112 1114 112 Okla Nat Gas Co.. 26 144 I84 1412 Okla Nat Gas pf.. 850a 82 3iu 82 Oldetym# Distil.. 8 64 64 64 Pac G&E 1st (14) 1 824 824 824 Pac G&E pf 1.37 4 2 29 29 29 Pacific Ltg pf (6) 25a 107 107 107 Pac P&L pfal04 10a 87 87 87 Pac Public Servlet l 84 84 84 Pan-Am Air (tl).. 11 714 69 714 Pantepec Oil . 180 84 84 84 Penn-Mex F a50c. 16 6 6 Pennroad <«25c> 27 6 44 44 Penn G&E <A)14 1 44 164 164 Penn P & L <7 > 170a 1114 1114 1114 Penna Salt (t4) _ 75b 170 170 170 Pepperell Mfg t6 250a 143 141 1414 PhilaCo(l) - 3 164 154 154 Phoenix Secur 8 64 64 64 Pierce Gov (a50c) 13 244 234 244 Plon r GM Ltd 8O0 20 64 64 64 Pitney Bowlt40c) 8 84 84 84 Plttsbgh Forging 19 194 194 194 Pitta & L E t2 44 ._ 100s 914 904 914 Pitts PI G1 (a6) 1 128 128 128 Pleas Val Wine __ 6 24 24 24 Plough Ino (1.20). 1 174 174 174 PotreroSusar .. is 4 4 4 Powdrell&Al t60c. 6 11 104 11 Pratt & Lam al 4. 2 364 35 86 Premier Gold tl2o 27 44 4 4 Producers Corp... 21 4 4 4 Prosperity Bal14 2 144 144 144 Prudential In s50c 12 184 124 184 Prudent Inv pf(6) lOOf 103 103 103 Pub S Nolll n p(3) 60a 904 904 904 Pub Svc Ind pf 840a' 364 34 864 °ug Sd P&L pf(6)200a 90 894 894 Pug Sd P&L 86 pf 800a 604 494 604 Pyrene Mfe<a90c) 1 84 84 84 Ry & Lt Sec al.55 150a 23 224 23 Rainbow Lum (B) 14 4 4 Raymond Con a50(360a 294 29 294 Raym'd Con Df<3) 25a 45 45 45 Raytheon Mfg vtc 1 44 44 44 Reed R B new t80t 2 34 34 84 Reynolds Invest . 4 24 24 24 Rice Stlx DG b50c 4 12 114 12 Rustless Ir&Sti .. 46 16 144 15 Ryan Consolld'd . 1 44 44 44 Ryerson & Haynes 8 64 64 64 St Anthony Gold.. 14 4 4 St Regis Paper... 84 94 94 94 St Regis Paper pf. 25a 114 114 114 Savoy Oil- 1 84 84 84 Scbiff(The)Co(t8) 1 884 S84 884 Schulte R Eld) __ 1111 Scovlll Mfg(a24)200e 614 614 314 Secur Corp Gen .. 6 44 44 44 Segal Lock & H... 16 8 24 24 Selberllng Rubber 9 74, 74 74 Selby Shoe '2)... 100s 80 SO 80 Selected Indus 14 84 94 84 Self PS(al9 2-5c) 1 14 14 14 Seton Leatb a50c 2 104 104 104 Seversky Aircraft 79 6 6 4 6 Shattuck Den Min 26 184 18 184 Shawln W &P 80c 1 32 32 82 Sherwln-Will <4) 400a 136 134 135 Shrev-El Dor P&L 2444 Smith Cor v ext tl 4 81 804 81 SonotoneC tslOc) 14 2 14 14 So Penn OIK tl 4) 2 46 464 46 SoCaJ Ed pt pf 1H 10a 40 40 40 So Cal Ed pf C 14, 1 274 274 274 SouthnPL20o .. 8 64 64 64 Southn Union Gas. 5 24 24 24 Sou Royalty t40c. 8 94 94 94 Spanish&Gen rets. 8 4%% Spen Chain St 89a. 1 94 »K . 8M aa $4,068,457 EARNED Year’s Total Compares With $4,109,539 Recorded in Previous Period. By the Associated Press. NEW YORK, January 11.—Wilson & Co., packers, reported for the fis cal year ended October 31, 1936, con solidated net earnings of $4,068,457, equal to $1.06 a share on the com mon stock. This compares with $4, 109,539, or $1.09 a share, in the pre ceding year. The company’s balance sheet at the end of the fiscal year showed total assets of $86,776,871, against $79, 199,023 on October 26, 1935, Edward Foss Wilson, president, reported. Of this figure $42,324,960 represented cur rent assets. The report said the company had continued its program of moderniza tion and had erected a new beef house at Alberta Lea, Minn.; a new pharmaceutical manufacturing build ing at Chicago, and new branch houses in important consuming centers. Wilson said the company was grati fied with the success of advertising I and promotion activities, which would 1 be continued. Lee Rubber A Tire, Lee Rubber & Tire Corp. reported t today for the fiscal year ended Octo j ber 31, last, net income of $563, 826, equal to $2.19 a common share, j In the preceding fiscal period the company earned $184,586, or 72 cents | on the common. The number of shares increased slightly In the past year. The company has headquar ters at Conshohocken, Pa. -— CHICAGO PRODUCE. CHICAGO. January 11 Uf'i.—Poultry, live. 22 trucks, steady: hens. 4'i pounds up, 18',i; less than 4'/a pounds, 18'a; Leghorn hens. 12‘2; 8pnngs. 4 pounds up, colored. 15: Whit* Rock. 15',2: Plymouth Rock, 17. less than 4 pounds, colored. 15: White Rock, lfi: Plymouth Rock, 17; col ored broilers. IP: While Rock. 20; Ply mouth Rock. 22: Leghorn chickens, 12: roosters. 12: Leghorn roosters. 11; tur keys. hens, 16>2: young toms 14; old. 13; ! No. 2 turkeys, 13: ducks. 4 la oounds up. i white and colored, l'i; small white and colored. 12; Northern geese. 13: Southern, I 12. capons, 7 pounds up. 20; less than 7 pounds. 18. Butter. 6.341. easy creamery specials (03 score), 34'2-35; extras (92). 34: ex tra firsts (90-01 >. 33*2-33*4: extra firsts (88-89) 32'2-33; standards (DO central ized carlots), 33*4-34 Eggs. 7.391. weak; extra firsts, local. 24 cars. 25'a: fresh graded firsts local. 23*4; cars. 25: current receipts. 22'a; refrigerator standards, i 20*4. refrigerator firsts. 201-2. Potatoes. 153: on track. 248: total United States shipments. Saturday. 719; Sunday. 151. Colorado McClures slightly weaker; ether stock about steady for best quality; supplies moderate, demand slow. Sacked, per cwt.: Idaho Russet Burbanks. U S. No. 1. 3.3083.50; fair quality, small to medium. .'I.loa.'i io; Washington Russet Burbanks, combination grade, baker size. 3.69: Colorado Red McClures. U. 8. No. 1. 3.30*3.55: Wyoming Bliss Triumphs, partly graded. 3.00: Wisconsin Round Whites. U. 8. No. 1. 2.30a2.55: U. 8. commercial. 2.20a2.30: Maine Bliss Triumphs. Ui S. No. 1, heavy to small. 2.65: Michigan Russet Rural; and few Green Mountains. U. S. No. 1, 2.3082.55. Less than carlots: Florida Bliss Triumphs, bushel crates, slightly stronger, demand fair: few sales; U. 8 No. 1. 2.15: U. 8. No. 2. 1.90. Potato futures. Idaho Russets. Jan uary. 3.17; March grade A. 3.60. ---- METAL MARKET. NEW YORK. January 11 —Copper Arm. electrolytic, spot and future. 12.00; export. 12.70. Tin steady spot and near by. 51.37l.*a50; future. 51.30*45. Lead steady: spot New York. fl.O0tH.05: East St. Louis 5.85 Zinc strong. East St. Louis, spot. .i.8o. future. 5.00. Iron quiet. No. 2. f. o. b. Eastern Pennsylvania. 2*2.00; Buf falo 21.00; Alabama. 17.00. Aluminum. 10 00a22.00. Antimony. spot. 14.00. Quicksilver. !Kt.0Oa05.on. Platinum. 48.00. Wolframite. 15.00a 15.50. Stock and 8aies— Dividend Rate. Aad DO. High. Low. Close. Square D pf A 2.201360a 42 89)4 .41)4 Stand Inv cum pf 200t 62 61H 62 StdOilKy (tl.40) 9 20H 19h 19H Stand Oil Ohio tl- 8 37)4 87 37)4 Stand Pwr&Et— 10O 6)4 6)4 6 Stand P& L (B).. 16 6 6)4 6 Stand Prod <a25c) 1 23 23 23 Stand SUALd (40 9 H H H , Starrett C'orp vtc. 8 8J* 8)* 8)4 Sterchi Bros a3Uc 9 11 11 11 j Sterchi Bros 1st 3. 50a 38)4 38)4 .8)4 Sterling Br a7ac . 6 6)4 6*4 8)4 Sterling lnc<a5c) 26 6 4)4 6 Stetson(JB)b50c- 126a 23 23 23 Stroock Co(a2 Va>_ 60a 26 26 i6 Slut* Motor .. 4 2)4 *H 2)4 Sullivan Machine. 6 26)* 26 26 Sun Kay Dr t80c.. 2 19 18)4 18)» Sunray Oil (aloe) 60 4)4 4)4 4)4 Sunr’yOcu pf2\ 1 47)* 47)4 67)4 Sunshine Min (3) 60 20)4 19)4 20)« Swiss-Am Elec Pf 60a 110 110 110 Taggart Corp_ 70 135* 13 13*4 Tampa El (2.24)— 2 89'« 89 895* TastyeastlDeDA. 1 25* 254 25* Taylor Dlst (30c). 6 «54 «54 454 Technicolor a50e.. 19 2154 2154 2154 Tech Hughes T40c 9 6ft 654 654 Texon Oil & L 6O0. 4 t>54 654 654 TUoKoof tt60c)-. 13 1454 1854 1454 Tob Prod Exp 16c. 6 4 154 >54 Todd Shipyd (T2).300* 62 61 62 Tonopah Belmont. 20 54 54 54 Tonopah Min a6c.. 7 1J4 154 15* Ti -Dux DPS T20c. 1 454 454 454 Trl-ConilC war... 2 254 254 254 Tublze Chatllllon. 13 18 17 1754 Tublze Chatl (A). 6 6754 67 6754 fung-Soi Damp n 6 854 854 85t Tung-Sol D pf 80c. 1 1154 1154 1154 Twin-Coach al.40. 9 1854 18 18 Ulen & Co 5% pi.. l 54 64 64 Uien&Co74%pf 3 74 74 74 Unexcelled Mrs 1 34 34 34 Un GdsCan a22 4c 1 174 174 174 Unit Air war_ 6 234 22 234 Unit Corp war_ S 14 14 14 Unit Gas Corp_175 114 114 114 Unit Gas C war_ so 84 34 84 Unit Gas pfif34) s 1204 1194 1194 Una Lt & Pw (A). 86 10 94 94 Unit Lt & Pw (B). 10 104 10 104 Unit Lt /Sc Pw pf._ 62 684 <7 684 Unit Al Lt al3 2-5c 2 64 64 64 Unit Shipyda B__ 86 34 8 84 Unit S M pf HH)- 4os 414 «14 414 US Foil (B) (1).. 19 164 164 164 U S 46 inu Secur.. 3 24 24 24 US&ISlst*lK- 1 914 914 914 U S Lines pf- 6 24 24 24 U S Had la tor_ 7 94 94 94 U S Hadlator pf.. J76« 704 694 70 U S Hub Heclalm 9 84 74 8 U S Stores . 88 14 4 14 U S Stores 1st pf. 80s 16 84 16 Unit Stores vtc ..10 4 4 4 Unit Verde Ex tl) 28 34 34 84 Unit W all Paper . 68 -64 6 6 Univ Pictures _ 1 12 12 12 Univ Prod ia24)_ 60* 254 264 254 Utab Apex .. 21 2 14 2 UtabPALpffZ.91% 225e 75 734 76 Utilities Pw & Lt. 16 14 14 14 Utii Pwr&Lt <B). 8 8 8 8 Utl) Pwr & Lt pf~ 700s 814 80 214 Utility Equities— 6 6 64 64 Util & ind (new).. 1 14 14 14 Utility & Indus pf. lt 64 64 64 Venezuela Mex O. 1 74 74 74 Venezuela Petrol_ 6 14 14 14 Va Pub Svc pf (7). 20s 964 944 964 Waco Aircraft- • 74 74 74 WagnerB vtctl.60 2 204 to 20 Walt & Bond\B).. 2 2 2 2 Walker Minins_ 1 24 24 24 Wayne Pump (6O0 14 864 86 864 Wentw'tb Mf 1.20. 8 274 274 274 Westn A E (a25c). 7 94 9 94 West Au sup A 14 20t* 78 774 78 W’n Tab&Sta (tl) 2 80 SO 80 Will Oil-O-M a60c 1 94 94 94 Wll-iow Cateieria 1 14 14 14 Wll-iow Cafe pf 18 8 8 Willson Prod itl) 1 164 164 164 Wolverine Port C. 8 6 64 64 Wolverine T t60c. 80 164 144 154 WrUtht Harz t40o *7 74 74 74 Ygstn «tl Door tl 4 67 68 <7 Yukon Gold(alSc) 8 24 24 84 Dividend rates tn dollars based on last quarterly or semi-annual payment t An nuai ratA^nAt tnr.1n<f1n* Mftrai t AMn A NEW YORK STOCK EXCHANGE (Continued From Fourteenth Page.) 2:16 p.m. 1936 Stock and Sales— Net Slsh Low. Dividend Rate. Add 00. Hlch. Low. Close. Chga 38* 16* Warren Bros cv pf. 1 34* 84* 34* S7* 21 Warren FdyftP(tl) 89 41* 41* 41*4-* 39* 19* Waukeaha Mot (1). 2 36* 36* 86*-* 11% 6* Webstar Elsenlohr. 2 8* 8* 8*4-* 2* 1 Wells Fargo-- 40s 2* 2 2 62* 83* Wesson OA3(t60c). 10 61* 50 80 - * 107 91* WastPs Else A (7) 20s 102 101* 102 102 87 West Ps Else pf <•) 110s 98 97 98 4-1 110 96 West Pa Eleo pf (7) 10s 106 106 106 4-* 116* 111* West Ps Pwr pf (•) 60s 115 115 115 -* 124* 116* Wsst Pa Pwr pf (7) 20s 121* 121* 121* 4- * 12* 8* Western Maryland. 1 9* 9* 9* — * 23* 16 Western Md 2d pf_. 1 17* 17* 17* - * 4 1* Western Pacific ... 1 3 3 3 9* 6* Western Pacific pf. 6 7* 7* 7* — * 96* 72* Weat'n Onion (s2) 2 80* 79* 79* -1* 50* 34* Westlnghse A B (1) 12 60* 49* 60* 4-* 163* 94* WestbseEl <s5* 1 9 149* 148 149* 4- * 160 123* W'K’e El lstpf a5* 20s 153 162* 162*-* 33* 22* West'll El Inst a86c 7 27* 27* 27* 4- * 39 35* Weston Elec A (2) 20s 36* 36* 36* 4- v, 32 19* WsatvacoChlor (1) 3 25* 26 25 — * 39* 21* Wheeling Steel .... 4 41 40* 40* 109* 84 Wheeling Stl pf (16) 2 105 103 105 28* 18* White Motor- 63 27* 27* 27*-% 2:15 p.m. 1936 Stock and Sales— Net Blah Low Dividend Rata. Add 00. High. Low. Close. Chit 17* 13* White Kk M Stl.40) 6 17 16* 17 +1* 6* 3* Whlto Sowing Mch. 10 6 6 6 43 16 Whlto 8ow Mcb pt- 1 42 42 42 + * 6* 2* Wilcox Oil A Oka_ 6 6 4* 4* + * 11 6* Wilson A Co (60c). 65 9* 9* 9* 87 70 Wilson A Co pf (I). 2 81* 81* 81*-* 71 44* Woolwortb (2.40)_ 11 64 63* 63* - * 36* 23* Worthington Pump 13 39* 88* 38* — * 86* 66 Worth Pump pt A.. 630a 87* 87 87* + * 80* 47 Worth Pump pt B.. 4 82 80* 82 +1* 140* 62* Wright Aero (al>-_ 20a 126* 121 124* +3* 61 33* Yale A Towns t60c_ 1 51* 51* 51*—* 23* 8* Yellow Tr A Coach. 262 26* 26* 26* — * 163* 83* Yellow TrAC pt *S5 210a 130* 128 130* +1* <5 42* Young 8prAW (1*>. 2 45* 45* 45*+* 87* 41* Younga'tn Sheet AT 16 79* 78* 79 -1* 122 105 Ygatn SAT pf(5*). 1 108* 108* 108* -1* 42* 21* Zenith Radio _ 5 35* 34 35* +1 9* 5* Zonlte Products .. 6 8* 7* 8* + * Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 A.M._ 710.000 12:00 Noon._ 1300.000 1:00 P M- 1.760.000 2:00 P M.__ 2 180.000 Dividend ratal aa given in the above .ante are ‘be «nouai oaab oarments beam on tba latest auarterl? or haif-reanr declarations s Unit ot trading .esa than 100 shares t Annual rate—not including eatras t Accumulated dividend* a Paid ,hia rear n Paid last rear d Oomoanlea reported In receivership ar being reorganised. * Ex dividend. Metals and Foods Group Take Prominent Part in Higher Trend. By the Associated Press. NEW YORK, January 11.—Com modities pushed forward on a broad front today, some reaching recovery highs. Metals and foodstuffs were prom inent on the advance. Export copper wets sold at 12.425 cents a pound, a new top since June, 1930, compared with 12.41 cents on Saturday. Meanwhile copper for fu ture delivery rose .39 to .50 of a cent, the September contract touching 12.17 cents. The advance in this market took prices up to new highs since 1930. Copper shares were strong in New York and London. Trade circles said a boost in the domestic metal was not likely soon. Imported bar silver was quoted at 45 ^ cents an ounce by Randy & Har man, dealers, an upturn of Vs of a cent. A leading producer advanced the price of prime Western zinc to 5.80 cents a pound. East St. Louis, an in crease of 0.20 of a cent to the high est since December 10, 1929. At the same time it lifted the quotation for future delivery 0.10 of a cent over spot to 5.90 cents. The New York-Rio coffee futures contract “A” rose to a new high since May, 1936, when trading in this con tract began. The March delivery sold at 7.28 cents. Cocoa for future delivery gained 0.06 to 0.32 of a cent to reach a high since 1928. The September con tract sold at 12.37 cents. Raw silk futures turned ahead H to 2’j cents a pound, to a new top since November, 1935. The March and May deliveries sold at $2.06 a pound. DEBENTURES CALLED BY LONE STAR CEMENT 8y the Associated Pr"ss. NEW YORK. January 11—Lone Star Cement Corp. has called for re demption February 11 all of the $427, 500 outstanding 4 per cent convertible debentures of International Cement Corp., Issued in 1935 and due Novem ber 1, 1945. Payment will be made at 103 and accrued interest, or the debentures may be converted into com mon stock of Lone Star Cement Corp. up to five days prior to the redemp tion date. -• Texas Leads in A. A. A. Benefits. Texas led all other States in A. A. A. rental and benefit payments, receiving about 11 per cent of the national total. Purchasing Power Of Dollar Down As Prices Climh By the Assoelateo Press. NEW YORK, January 11.—Living costs of wage earners advanced .3 of 1 per cent In December, compared with the preceding month, and stood 2.6 per cent above December, 1935, the National Industrial Conference Board reported today. Gains in food, rents, clothing, coal and sundries resulted in the increase. The purchasing power of the dol lar declined to 1161 cents in De cember from 116.6 the month before and compared with 119.2 cents a year ago. The value of the dollar in 1923 was placed at 100 cents. -% ...... . ■ ■ ASSOCIATED OUTPUT WELL ABOVE YEAR AGO Special Dispatch to The Star. NEW YORK, January 11.—For the month of December. Associated Gas & Electric System reports net electric output of 392,429,477 units (kwh), which is 15.7 per cent above December of 1935. Production for 1936 amounted to 4,199,283,176 units, which is an in ! crease of 465,170,507 units or 12.5 per cent above the previous year. -~ CHERRY-BURRELL EARNS $985,447 DURING YEAR By the Associated Press. CHICAGO, January 11—Cherry - Burrell Corp. and subsidiary reported consolidated net income for the fiscal year ended October 31 of $985,447, equal to $5.82 per share on the com mon. compared with $698,241, or $4.09. the preceding year. The company manufactures machinery and supplies lor the dairy industry. CHICAGO LIVE STOCK. CHICAGO. January 11 UP, iU. S De partment of .Agriculture i.—Hobs 30.000. including ll.ooo direct steady to shade lower than Friday's average: extreme top lo.Ho: bulk Rood and choice. 180-300 pounds. 10 45aH0: comparable 150-175 notinds. largely. 10.25a5o. Best sows, early. 10.10. Cattle. 17.000: calves. 1.500 another fairly active market on strictly good, choic* and prime steers: such kinds comparatively scarce: bulk of run comprising shorffeds of 1 value to sell at 11 <>0 downward shippers and order buyers active on longfed offerings selling at 1*1.50 UDWard: top. 13.05. paid for approximately 1.350-pound averages: next highest Price. 13.85: several loads going at 13_00a5<i with 1.500-pound averages at Inside price: stockers and feeders very scaYce. Arm to higher: all she stock selling rather actively at steady to strong prices: choice heifers scarce bulk being in-be tweens selling at 7.25alO ‘15: bulls steady: practical top heavy sausage offerings. fi.50: vealers also steady at 13.00 down, mostly 12.50 down Sheep. 10.000 including 5 000 direct: fat lambs in fairly broad demand: indi cations around steady: sheep strong talk ing I0.00a75 on good to choice native and fed Western lambs now held at lo.85a00 and better: scattered native ewes. 4 50 a5.50; other classes scarce. California’s Native Daughters of the Golden West are compiling a record of all pioneers who entered the State I by covered wagon or sailing ship. BIG GAIN SHOWN BY LEHMAN CORP. Net Assets at $137.20 a Share, Against $119.25 Value of Six Months Ago. By the Associated A-ess. NEW YORK. January 11.—Lehman Corp.. an investment company, report ed net assets as of December #1 totaled $94,236,856, equal to $137.20 per share of capital stock. This compared with $119.25 net j asset value per share six months pre ! viously and $111.34 a year before. On December 31, 1929, the net asset value per share was reported at $91.54 and at the end of 1932 it was down to $58.27. The total as of December 31 last was explained as after normal Federal and State taxes and deduction for man agement compensation, but without allowance for Federal excess profits tax. The report incorporated all of the recommendations of Robert Lehman, president, made at hearings held by the Securities & Exchange Commission into investment trusts last Fall. At the time he enumerated a 12-point program, which, he said, was designed completely to inform stockholders and ; the public as to details of an invest ment trust's transactions. RESIDENTIAL BUILDING EXPECTED TO INCREASE By the Associated Press. NEW YORK, January 11.—Residen tial construction in 1937 should greatly exceed the estimated total of $800, 000,000 in 37 States east of the Rocky Mountains for 1936, Fenner & Beane, New York Stock Exchange firm, re ported today after a survey. The 1936 total was itself 70 per cent above 1935 and more than three times the $250, 000,000 spent annually in 1933 and 1934, the report said. CHECKS ON INDIVIDUAL BANK ACCOUNTS GAIN By the Associated Press. , NEW YORK, January 11—Checks drawn against bank accounts in the Nation’s leading centers gained 8.3 per cent in the latest week. Analysts ! pointed out that this was approxi mately normal recovery from the week after-Christmas decline. Bank debits in 274 cities, reported by the Federal Reserve Board, com pared as follows: Week ended January 4.$10,481,109.000 Previous week_ 9,674,415,000 Same period last year,.10,101,529,000 BANK ELECTIONS DUE. ROUND HILL, Va., January 11 (Spe cial).—Six of the seven Loudoun County banks will elect directors and I officers tomorrow-. Besides the Round ' Hill National Bank, they are Purcell ville National Bank, the Farmers & Merchants. National Bank, Hamilton, the People's National Bank and the ! Loudoun National Bank of Leesburg. APPAREL PROFITS C JJNYEAR Quality Goods in More De mand as Buying Power Improves. breclal Dispatch to Tha Star NEW YORK, January 11.—Due to the broad advance of consumer pur chasing power apparel manufacturers in 1936 recorded the widest profit gains since the inception of the re covery movement, according to a new study appearing in Poor's Industry and Investment Surveys. "The customer, as his income con tinues to rise, buys quality products in greater quantities and offers less resistance to advancing prices, which will be witnessed In most apparel lines in 1937. At the same time advertis ing, the industry’s essential avenue of promotional efTort, should become increasingly effective. "As processors of raw textiles, most apparel manufacturers experience large inventory profits or losses, de pending upon the movement of tex tile prices,’’ the studv states. "At the present stage of the business cycle conditions are favorable to a further rise in the general commodity price level, and in some divisions scarcity may force very sharp ad vances. Of the four principal tex tile raw material^ cellulose, the base of most rayon processes, has main tained a stable price position and should continue to do so. “Those manufacturers of men’s shirts and underwear who maintained their quality reputations will benefit most for currently expanding sales. The silk hosiery division faces a long term declining trend owing to the increased competition from rayon and mercerized materials. This, however, has been temporarily offset as a re sult of rising consumer purchasing power. Companies engaged In the processing of fur are particularly well situated to reap the benefit of luxury demand. "Improvement In retailing has been general. The weaker units have been eliminated. Buyers are increasing. The United States Supreme Court’s validation of fair trade laws suggests j that eventually cut-throat competition may be eliminated and retail prices may be maintained.” DOLLAR GOES HIGHER IN LONDON DEALINGS By ttie Associated Press. LONDON, January 11.—The United States dollar gained Va of a cent in the foreign exchange market today, the closing rate being 4.91 to th^ pound, which was unchanged from Saturday’s overnight New York rate. French francs ended at 105.15 francs to the pound, against 105 5/32 on Saturday. PARIS, January 11 (/P).—Three per cent rentes, 73 francs 60 centimes; 4'2 per cent rentes, 78.75. j Exchange on London. 105,15. The dollar was quoted at 21.41?*. -1— - $6,800,000 CONTRACT LET. j NEW YORK. January 11 UP).—St. Joe Paper Co. has awarded a $6,800,000 contract for buildings and docks at Port St. Joe, Fla., as the initial step in a $20,000,000 pme-pulp mill project. St. Joe Paper Co. is jointly owned by Mead Corp. of Chillicothe, Ohio, and the Alfred I. du Pont estate of Florida. POWER TREND MIXED. NEW YORK, January 11 (/Pi —Elec tric output of 19 major utility systems during the week ended January 2 showed changes varying from a de crease of 11 per cent from an increase of 25.8 per cent compared with the similar week of 1935, Dow. Jones Sc Co. has announced. NOW handling Trust Business valued at mere than $120/000/000 WASHINGTON’S LARGEST TRUST COMPANY Year AFTER YEAR# more people name American Security as their Executor or Trustee. We invite you to talk with one of our Trust Officers about your estate. AMERICAN SECURITY AND TRUST COMPANY* Largest Capital and Surplus of any Washington Trust Company Main Office: fifteenth street and^pennsyl vania avenue CENTRAL BRANCH SOUTHWEST BRANCH 7th and Massachusetts Ave., N. W. Seventh and E Streets, S. W. NORTHS AST BRANCH NORTHWEST BRANCH Eighth and H Streets, N. E. 1140 Fifteenth Street, N. W. Member Federal Deposit Insurance Corporation Member Federal Reserve System