■ 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.
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