WHOLESALE TRADE CLIMBS IN YEAR * _ Fifth District Volume Up 10 Per Cent Over 1935, Bank Reports. BY EDWARD C. STONE. Wholesale trade in the fifth Fed eral reserve district, including the Capital, in 1936 was approximately 10 per cent higher in volume than in 1935, according to a report made to day by the Richmond Reserve Bank. Total sales in dry goods were 16 per cent better than in the previous year, in hardware 10.6 per cent, in shoes 10.1 per cent, in groceries 9.5 per cent and in drugs 9.3 per cent. For December four of the five re porting lines had greater volume of sale than in December, 1935. Hard ware headed the list with 22.6 per cent, dry goods enjoyed a 22.4 per cent jump, drugs were up 20 per cent and groceries 18 per cent, but shoe sales were off 6 per cent. Naturally most of the wholesale buying in the district in December was considerably ur.der the November record, when much of the holiday buying was under way. Stocks on hand at the end of De cember. compared with December. 1935. were 7 per cent higher in gro ceries, 11 per cent in dry goods, 32 per cent in shoes and 4.2 per cent in hardware. Decembei collections were by far the best in groceries, being 125 per cent of receivables. Dry goods col lections were 45 per cent of bills due, shoes oP per cent, hardware 49 per cent and drugs 64 per cent. Electrical Concern Sold. Sale of the entire electrical business of the National Electrical Supply Co., 1330 New York avenue northwest, to the General Electrical Supply Co., a subsidiary of the General Electric Co., will be accomplished if negotiations now in progress are brought to a sat isfactory conclusion, it was learned today. It is expected that final arrange ments for the sale will be completed shortly and that the change in owner ship will take place early in February. The National Electrical Supply Co. was organized about 40 years ago and the present president, E. C. Graham, has held that position over 30 years. He also Is president of the Hamilton Na tional Bank. The business originally was located at 1410 Pennsylvania avenue and later moved to 1417 New York avenue. Sev eral years ago the company constructed its ow'n building at 1328-1330 New York avenue, where the business will be continued under the new owner ship. It is understood that the entire personnel will be retained by the new management. Aspinwall Again President. These directors were re-elected at the annual meeting of the stockholders of the Security Storage Co.: C. A. As pinwall, H. L. Rust, jr.; Corcoran Thom, Lloyd Wilson and Clarence F. Norment. The directors organized at. once by re-electing the following officers: Clarence A. Aspinwall, president: Charles W. Pimper, vice president and treasurer; Charles P. Ravenburg, sec retary; Paul Alvey, assistant secretary, and Miss Helen Howison, assistant treasurer. President Aspinwall reported steady Improvement and further expansion in business during the year. The com pany now has assets of $1,340,573.75, against $1,326,438.40 a year ago; $500, 000 capital, $250,000 surplus, over $54, 000 in undivided profits, as well as other very substantial reserves. Bankers Off to Pittsburgh. Washington will send a good-sized delegation to the Eastern Regional Conference, conducted by the Amer- : lean Bankers' Association, in Pitts burgh Thursday and Friday. The delegates from here will include George 0. Vass. vice president and cashier; H. T. Bisselle, assistant cashier; R. Earle Haycock, auditor, and Kenneth P. Brooks, trust officer; aU Riggs Na tional Bank: George O. Schweinhaut, assistant treasurer; George M. Fisher, vice president, and Ralph Endicott, assistant treasurer, Washington Loan & Trust Co.; Wilmer J. Waller, vice president and cashier, and Arthur J. Linn, auditor, Hamilton National Bank. Mr. Waller is a member of the A. B. A. Committee on Banking Studies, and Mr. Linn will appear on the pro gram as one of the speakers. Title 1 ©f the Federal housing act is to re ceive special attention, as will all the latest problems in bank manage ment. The program promises to be of unusual value. Heads D. C. Grocery Chain. Isaac Jacobson, a former president of the District Grocery Stores, Inc., was again elected to that office last night at the annual election of officers and board of directors of the organi sation. David Ceppos was elected first vice president; Jacob Siegel, second vice president; Abraham Mostow, third vice president; Max Hoffman, treasurer, and David Rosenberg was unanimously re-elected secretary. The new board of directors includes 1. L. Asrael, Harry Berman, Louis Biskin, Frank M. Fields, Louis R. Fields, Louis Gitelson, Max Horen stein, Meyer Kaminsky, Abraham Kaufman, Samuel Kotz and Morris Sandler. Leach Reports Checks Delayed. Hugh Leach, president of the Fed eral Reserve Bank of Richmond, re ported today that the Middle West floods have interfered with train serv ice so seriously that check collection delays in many parts of this reserve district are being experienced. He sent word to Washington banks that the usual schedule of payments at Rich mond and the Baltimore and Charlotte branches cannot be maintained and asks bankers to keep this situation in mind. W. T. Vandoren, vice president and cashier of the Liberty National Bank, was present at the annual dinner of Baltimore Chapter, American Institute of Banking, Saturday night. Among the honor guests were Howard W. Jackson, mayor of Baltimore; Howard H. Ruark, president, Maryland Bank ers’ Association, and Warren F. Ster ling, Maryland State bank examiner. William M. Canby, local manager for the Wellington Fund, Inc., of Philadelphia, reports that business in the third quarter far exceeded business, in the last quarter of 1935 in all the company’s territory. The company has just paid its twenty-eighth consec utive quarterly dividend. Today’s Trading on Exchange. Prices were strong on the Wash ington Stock Exchange, with much broader trading. Mergenthaler Lino type sold to the extent of 56 shares at 64, Capital Transit sold at 16%, off Vi. In the bond division Washington Oas 6b, 1960, mofved a* 126 Vi and Capital Trajaait 6a came out at 9414. . ... A .. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE r '* By Private Wire Direct to The Star. 2:15 p.m. 1036-37 Stock and Sales— Net Blah. Low. Dividend Rate. Add 00. Blah. Low. Close. Chge 74% 59 Acme Steel (4)_ 6 65 64 64% — 44 18% 9% Adams Exp . 5 83% 82% 82%-% 28 18% Am Radiator! t60c). 178 27% 27% 27% - % 37 23% Am Roll M (tl.20)_ 49 33% 33% 33%-% 34% 31 Am Saf Razor (t2)- 6 33% 33 33% - % 28% 18 Am Seating_. 2 24% 24% 24%-% 103 56% Am Smelt&Ref (3). 86 94 90% 91 -3% 108% 104 Am Sm&Refpf (6). 11 106 105% 106 + % 73% 67% Am Snuff 03)._ . _ 1 67% 67% 67% 74% 20% Am Steel Fdry (al) 16 68% 67% 67% -1% 145% 107% Am Steel Fy pf (7). 10* 114% 114% 114% 36 24% Am Stores (2)_ 2 26 26 26 - % 63% 48% Am Sugar (2)_ 2 53% 53% 6*%-% 26% 20% Am Sumatra Tob tl 2 25% 24% 25 — % 190% 149% Am Tel & TeJeg (9). 10 184% 183% 183% -1% 102% 87 Am Tobacco (6)—. 2 98% 97% 97% 104 88% Am Tobacco B <5)_ 5 99 98% 99 150 136 Am Tobacco pf <6)_ 2 150% 150% 150% + % 18% 8% Am Type Founders. 26 17% 17 17% — % 29% 19% Am Wat Wka a40c~ 50 27% 26% 26% - % 14% 7% Am Woolen 20 13% 13% 13% - % 79 52% Am Woolen pf (al). 18 75% 74% 74% -1% 2 % Am Writ Paper (d). 18 1% 1% 1% — % 10 4% Am Writ Pap pf (d) 23 8% 8 8% - % 9 3% Am Zinc & bead .. 18 8% 7% 7% — % 57% 28 Anaconda Cop (tl). 55 53% 52% 52% — % 98% 35 Anaconda Wlr* t2.. 2 85V* 84 84 -6% 26% 15% Anchor Catfl60c) — 9 23 21% 22% 43 9 Andes Copper 2 30% 30% 30% —2% 50 37 Archer-Dan-M - 26 19% 18% 18%-% 135% 107% Bethlehe Stl pf (7)_. 1 126 126 126 — % 68 23 Bigelow-San (tl)-- 4 66 66 66 —t 38 18% Black & Decker 25c 4 37 35% 35% — 2% 26% 14% Blaw-Knox (a8uc)_. 22 24% 24 24% — % 120 77% Blumenthal pf a21_. 10* 92% 92% 92% 37% 16% Boeing*Airplane _ 21 35% 34% 34% — % 63% 40% Bohn AlumABr (3). 3 45 43 43 —2 100% 80% Bon Ami (A) (4)- 30* 92 92 92 -1 32% 25% Borden Co (1 60)— 9 26% 26% 26% — % 90% 64 Borg-Warner (4)_ 8 80% 79% 80% — % 11% 6 Boston & Maine- 1 8% 8% 8% 5% 1% Botany Min A 17 6% 6% 6% - % 4% 2%Chl*NW(d)_ 3 4% 4 4 ' 15% 6% Chi ft N W pf (d) 4 13% 12% 12% - % 32% 12% Chi Pneumatic Tool 12 30 29% 30 -% 70% 40% Chi PneT pf Ca3%). 3 70 69 69%+% 3 1% Chi K iftPac tdi 6 2% 2% 2% — % 8 3!4 Cht RlftP 6% pf id) 6 6% 6% 6% — % 8% 3% Chi K l*P 7% pf(d> 4 7% 7% 7% - % 32% 19% Chi Yellow Cab (2). 1 26 26 26 - % 30% 17% Chlckash Cot Oil_ 3 20% 20% 20% 14% 7 Childs Co 20 14% 13% 18% — % 61 26 Chile Copper (1) - 10s 46% 46% 46% 1*8% 85% Chrysler Corp(aU) 62 121 118% 119 -2 23 15% City Ice ft Fuel (2). 11 19% 19% 19%-% 89% 72% dty IceftF Df (C%) 10s 85% 85% 86% 13% 4% City 8tores .. 5 9% 9% 9% — % 46% 23% Clark Gqnlp(tl.SO). 4 36% 36 35 - % 47% 33 Clev Graph Br (!).. 2 36% 36 36 -1 90% 48 Cluett Peabody (3). 2 88% 87% 87% -1% 134 . 84 i Coca-Cola (|2)_ I 188.180% 180% -1% fy *> 1038-37 Stock and Sales— Net fflEh. Low. Dividend Rate. Add 00. High. Low Close. Chge 68 65%Coca-Cola A <*)_ 1 67% 67% 67%-% i 21% 13 Colgate P-P . 5 70 69% 70 + «i 16% 7 Conrte Nast Pub_ 27 16% 16 16 — % 44% 3074 Consioleum N tl.60_ 19 39% 39% 39% - % o consol cigar 4 17% 17% 17% — 49% 27% Consol Ed N Y t2._ 31 47% 46% 46% — % 109 102 Consol Ed NY or<6) 3 107% 107% 107% +1 7% 4% Consol Film 9 5% 5% 5% 20% 15% Consol Film pf 37 4% 4% 4% — % 109 67% Conti Baking pf (8) 1 107 107 107 -1% 87% 63% Cont i Can (tl)_ 46 64% 63 63 -1% 25% 17% Conti Dla Flbre<2>. 6 26 24% 24%-% 46 35% Conti Insur (tl.60). 10 42% 41% 42% 4 2% Conn Motors 58 3% 3% 3% — % 45% 28% Conti Oil of Del(tl) 27 44% 43% 44 - % 46 25 Conti Steel Corp(l) 12 30% 29% 29%-1% 72% 55% Corn Ex Bk&Tr (3) 320* 72% 71 71 -1 82% 63% Corn Prod Ref (t3). 16 69 68 68 -1% 170 158 Corn Prod R pf (7). 3 170% 170 170 — V,1 8 4 Coty Inc 66 7% 7% 7% - % 54% 24 Crane Co.... 9 52% 51% 62 + % 37% 35 Cream of Wh't 2 145 144 145 +1 68 42 Devoe & Rey (A) +3 2 65% 65% 65% -1% 40% 30% Diamond Mteh ti% 6 32% 31% 32%+% 43 37% Dia Match pf Tl%.. 1 40 40 40 34% 18% Dist Corr Seag Ltd. 20 26% 25% 25% — % 41% 42 Dixie Vortex A 2%. 20s 41 40% 40%-% 61% 41% Dome Mines (t2) .. 4 49% 49 49 82V* 50% Douglass Aircraft 38 76% 74% 75 — 1% 55 29 Dresser Mfg( A l a3. 1 53% 53% 53% + % 1% % Duluth SSAtl .... 4 1% 1 1 — % 3% 1% Duluth S S & Atl pf 4 2% 2% 2% 18V* 13% Duplan Silk (1) .. 2 17% 17% 17% 122 114 Duplan Silk pf (8).. 10s 121% 121% 121% - V* 184% 133 Du Pont deN a6.10. 6 173% 172 172 -2% 136% 129 L)u Pont deb (6) 1 134 134 134 -% 116 111% Duquesne Lt 1st (5) 10*115 115 115 +% 21% 5% Eastern Roll Mills. 16 15% 14% 14% - % 186 156 Eastman Kod (t6). 3 172% 171% 171% — 1% 40% 28% Eaton Mfg ... 21 13% 13% 18% - % 7% 6 El & Mus lnd al*c.. 7 5% 5% 5% - % 26% 6% Elec Pw A Lt _ 59 22% 22% 22V* — % 87% 29% Elec Pw A Lt 28 pf. 3 85 84 84 -1% 94% 32% Elec Pw & Lt *7 pf. 3 87 85% 86 -1% 55% 39% Elec Stor Bat a2%_. 2 43% 43 43% - V* 2 ' % Elk Horn Coal (d)_. 7 1% 1% 1% 8 1% Elk Horn Cpf (d)._ 8 6% 6% 6% - % 69 53% Endtcott-John (3) 1 57% 57% 57% 89V* 48 EPS $5% pf ww all 5 79 79 79 — % 10% 5% Equit Off Bldg blOc. 10 9% 8% 8% - % 18% 11 Erie R K _ 9 15 14% 14% - % 34% 16 Erie RR 1st pf .. 2 28 27% 27%-1 15V, 12 Eureka Vac C (80c) 3 13% 13% 13% - % 40% 23% Evans Product(tl). 8 31% 30 30 — % 8% 4% Exchange Buffet... 17 6% 6% 6% — % 5% 2% Fairbanks Co_ 200e 4% 4 4% + % 25 8% Fairbanks Co pf_ 90s 23% 22 22 —IV* 71% 34% Falrb’ks-Morse(tl) 2 68 67% 68 210V* 122% Falrbanks-M pf(6). 1 201 201 201 -3 70 .31% Faiardo Sugar (2).. 3 6.3 61 61 -1 29% 18% Federal Lt ft Trac. 3 27% 27% 27%+% 101% 84 Fed Lt&Tt pf (6) 100s 100 100 100 +1 123% 69% Fed M&S pf (al0%) 1 110% 110% 110% + % 12% 7% Federal Mot Tr 40c. 20 10 9% 9% - % 6 2% Fed Water Svc (A). 9 5% 5 5 — Vi 7% 3 Fed Screw Works_ 1 7% 7% ‘ 71, — % 46!* 20% Fed’d Dept S <2)- 2 36% 36V, 36% -3% 115% 102% Fedtd DScu pf 414 2 103% 103 103% + % 49% 38 Fidel Phoe F1 tl.60 3 44% 43% 43% -IV* .36% 24V* Firestone T ft R (2) 13 34% 3.3% 34% - Vi 58% 40 First Nat Strs t2%. 5 49% 48% 49 45 30% FllntkoteCo (1) 27 42% 41% 42 -% 56% 46% Florence Stove a4V* 2 50 49% 49V*— % 11% 3% Follansbee Bros id) 3 7% 7 7% + % 54% 32 Food Machine (1).. 5 48% 47!* 48% + % 53% 24% Foster-Wheeler_ 11 51 49 49% -2% 135 95% Foster-WheSler pf 10a 126 126 126 -6 18% 14 Francisco Sugar_ 1 15% 15V* 16% — % 97% 63 Frank Sim pf_ 35 6% 5% 5% — % 10% 6% Goebel Brew (t2Uo) 25 7% 7% 7% — % 35% 13% Goodrich (BF) (al» 19 32% 32 82 - % 86% 74 Goodrich(BF)pf(5) 2 81 81 81 34% 21% Goodyear T * R 73 32% 32 32% — % 109 100 Goody T&R cu pf 5. 8 108% 108 108% — % 14% 8% Gotham Silk Hose. 12 12% 12 12 — % 4% 2 Oraham-Palge 103 4% 4 4 — % 15 1% Granby Cons (new). 14 10% 10% 10% — % 6% 3% Grand Union ctfa._ 4 5 5 5 — % 25% 16 Grand Un pf (al%). 1 23 23 23 -% 48 24% Granite City Stl (1) 1 45% 45% 45%+% 52% 28%Grant(WT)(tl.40). 2 44% 44 44%+% 46% 32% Grt Northern pf- 10 42% 41% 41V* — 1% 22% 16 Grt North'n Ore (1) 6 19% 19% 19%—% 42% 31 Grt Wt'n Sug t2.40_ 26 36% 35% 35%-1% 149% 136 Grt West Sug of (7) 10s 144 144 144 +1 39% 22 Green (H LXtl.60) 10 34% 34% 34%-% 65 50% Green Bay*Wa7%- 20s 60 60 60 -2% 17% 14% Greyhound (+8O0)_44 15% 15 15% — % 4% 1% Guantanamo Sugar. 5 3% 3% 3% — % 68 28% Gulf States Steel_ 16 65% 64 64 —1% 37 23% Hack W pf A (1%)- 20s 35 34% 35 +% 16 6 Hall (WF) Printing- 2 14% 14% 14% + V« 32 14 Hamilton Watcb 2 28% 28% 28% - % 126% 104 Hamilton W pf (6). 150s 106% 106 106 -1 55 30% Harb-Walker (t2)_. 1 53% 53% 63% — % 18% 12 Hat Corp of Am (A) 2 17% 17 17% + % 9 4% Hayes Body _ 12 7% 7% 7% - % 133 99% Hazel Atlas G1 (t6) 2 102% 102% 102% + % 21% 12% Hecker Prod (60c). 110 15% 15% 15% — % 41 25% Hercules Mot (tl)— 2 34 34 34 —1 182 84 Hercules Pow a514 - 4 182 181 182 49% S0% Holland Fur (al 14). 2 49 48% 49 124 108 Holland Fura of (6) 20» 113 112 112 —2 38% 9 Hollander* Son (1). 3 22% 21% 21%—% 43% 19% Holly Sugar (t2)— 6 36 36 36 — % 33 22% Houd-Her (B> till. 8 25% 25% 25%-% 73 54% Household Fla (4).. 10 66% 65% 66%-% 80 66% House Fin pf (4.68). 18 78% 77% 77%+% 17% 6% Houston Oil etc_ 114 16% 15% 16% —-% 73% 48% Howe Sound (tl)—. 11 71% 69% 69%-2% 5% 3% Hudson * Manhat— 9 6% 6% 5% - % 17% 8% Hudson & Man pf.. 2 14% 13 13 -2% 22% 13% Hudson Motor Car. 232 22% 21% 21% + % 3% 1 Hupp Motors_... 28 2% 2% 2% — % 29% 18% Illinois Central- 61 23% 22% 22%-1 73% 58 111 Cent Ise lines (4) 50s 70 70 70 22% 4% Indian Refln (all. 23 16% 16% 16 -1% 41% 26% Indu Rayon (tl.68). 12 37 36% 37 + % 147 106 Ingersoll-Kand(tl) 2 131% 131% 131% + % 122 88% InlandSteel (t3)- 2 113 112% 113 - % 12% 6% inspiration Copper. 48 27% 26% 26% — % 7% 6 Ins Sb Md cfs a20e. 6 6% 5% 5% 18% 10% later Rap T vto («). 1 12% 12% 12% 6% 2% Intercontl Rubber— 2 6% 6% 5% — % 19% »% Iatarlaka Iron_ SO 18% .17% »17% -.% /..» 1036-37 Stock and Sales— Net High. Low Dividend Rate. Add 00. High. Low Close. Chgf 8 2% Int Agricultural... 65 7% 7 7% 58 22% Int Agrtcul pr pf_ 14 56% 54% 65 —1 194 160 Int Bua Mach «t«)_. 2 183 182% 183 + % 111% 66% Int Harvester a11 109 105 105 -4% 15% 2% int Hydro Elec IA) 82 12% 12 12 - % 8% 4% Int Mercantile Mar. 10 8 7% 7% - % 18% 10 inti Mining 2 12% 12% 12% 8% 1% Int Paper * Pw (C) 24 6% 6% 6% 108% 20% Int Paper . • Pw pf_. 42 103% 100 101 — % 48% 37 Inti Print Iak . 12 28% 27% 27%-% 51 35% Kress (S H) (1.60). 1 45% 45% 45% -2 28 19% Kroger G&B_ 10s 36% 36% 36% -2% 28% 17% Manhat Shirt Cl)_ 1 26V* 26% 26% - % 6% 2% Maracaibo Oil Ex». 16 6% 5% 5% — % 12% 8% Marine Midt-d t40c. 41 12% 12% 12% - V* 3% 1% Market St Ry_ 40s 2% 2% 2% 23 6% Market St Ry pf_ 10s 18% 18% 18%-1% 45 18V* Market St Ry pr pf. 30s 36% 36% 36% 56% 41 Marlin-Rock . 4 36% 36 36 -1% 27 15% Motor Wheel (1.60). 8 23 22% 22% - % 39% 11% Mullins Mf(B)a50c 2 33% 33 33 - % 101% 70 Mulllne Mfgpf (7). 10e 96% 96% 96% +1 36% 21 Munsingwear (t3)_. 1 28% 28% 28% —1% 79% 44 Murphy G C (t2)... 1 71 71 71 -1** 108 102% Murphy G C pf (5). 10* 108% 108% 108% +1% 22% 14 Murray Corp ... 2 12 12 12 — Vi 60 32 Nelsner Bros (t2)_ 2 53% 53 53 —1% 67% 41 Newberry!JJ)t2.40. 1 55 55 55 - % 41% 9 Newp't Indus a60c.. 64 87% 36 36 — % 83 32% N Y Airbrake a2V4-. 1 80 80 80 — % 49V* 27% N Y Central R H ... 58 41% 40% 40% -1 61% 17% N Y Chicago A St L 6 56% 53% 53%-3% 100 36% N Y Chi A St L pf.. 5 96 91% 91%-4% 15 3% NY Dock.. 470* 11% 11% 11%-% 29% 10% NY Dock of .. 190* 23 22% 22%-% 150 119 N Y A Harlem (5)— 10* 135 135 135 2% 1 N Y Investor* (d).. 10 2 1% 1% - % 6% 3 NYNHAH(d)_ 3 6 6 6 -% 18% 7% NY NH A H pf (d). 13 17% 16% 16% - % 7% 4 N Y Ontario A West 2 6% 5% 5% - % 5% 2% N Y Rye pf _ 10*101 101 101 110 93% N Y Steam 1st (7).. 20e 109% 109% 109% +1 3% 1% Norfolk Southn (d). 1 2% 2% 2% - % 310% 210 Norfolk A W < tS) — 2 259% 259% 259% - V* 17% 6% North Am Aviation. 91 16% 16 16 — % 35% 23% North Am Co (tl)— 32 31% 31 31 -% 59 52% North Am Co pf (3). 3 56% 55% 56%+% 36% 23% Northern Pacific 35 28 27% 27% — % 5% 2 Norwalk TIre&Rub. 13 5 4% 4% — % 19% 12% Ohio Oil (a60c)- 51 18% 18% 18%-% 59% 24% Oliver Farm Equip. 5 56% 56% 55% -1% 25% 17 Omnibus Corp vte_. 62 24% 23% 23% + % 19% 8 Oppenhelm Collins. 4 15% 15% 15% 46% 24% Otis Elevator a75c.. 8 43 42 42 — 1% 136 123 Otis Elev pf (6)_ 20s 139 139 139 -% 20% 12% Otis Steel 28 17% 16% 16% - % 83% 78 Otis Stl 1st pf (5%). 4 77 75 76 -2 Outboard MarAMfg 3 28 27 27 23 13 Pac Am Fish (til— 6 20% 20% 20%-% 16 3% Pacific Coast_ 20s 12 11% 11%-% 32% 8% Pacific Coast 1st_ 10s 27 26% 26% -2 29% 4% Pacific Coast 2d_ 30s 22% 21% 21% -1 39% 30 Pacific Finan tl.80_ 1 31 30% 30% - % 41 30% Pac Gas & Elec (2). 2 36% 35% 36%-1% 58% 44% Pac Lighting (3)_ 7 50% 50 60%-% 47% 14% Pacific Mills _ 1 43* 43* 43*+* 16* 8* Real SUk Hosiery.. 1 12 12 12 - * 4* 1* Rela (Robt)__ 4 3* 3* 3* 24* 12* Reliable Strs a50o.. 1 19 19 19 - * 26* 17* Hem Rand . 1% 1% i** — % 8% 2 Seaboard A L pf(d) 12 6% 6 6% - % 47V* 30% Seaboard OU (1)_ 12 45% 44% 44% -14* 11% 3% Seagrave Corp- 9 10% 10% 10% 101% 59% Sears Roebuck (t2) 23 85% 83% 83% -1% 32% 15% Servel Ino (tl)_ 44 31% 31 31% — % 32% 20% Sharon Steel (tl.20) 56 34 32% 32% 105 89 Sharon Stl H pf (6) 3 105 105 105 13 4% Sharpe & Dohme— 44 12% 12% 12%-% 65 43% Sharp A D pf (3%) 1 64 64 64 19% 11V* Shattuck FG(t50c) 15 16% 15% 15% 45 30% SheafTer Pen (2) 20s 42 42 42 29% 144* Shell Un OU (a25c) 9 28% 28 28% - V* 127% 102 Shell Un Otl pf 6%. t 104% 104% 104% + % 15% 8% Silver King (60c)__ 20 12% 12% 12% - % 53 194* Simmons Co (as)_ 24 53% 52 52 -% 6% 3% Simms Petrol___ 16 4% 4 4% 47% 19'% Skelly OU _ 4 46 44 44 -14* 132 97% Skelly Oil pf (6)— 5 101 100% 101 +% 138 54 Sloss-Sheffleld Stl. 100« 135 133 134 —1 118% 65% Sloss-Sheff pf (7)_10*114 114 114 -1 72 40% Smith (A O)_ 3 49% 48 48 -2% 30% 21 Snider Packing_ 9 27% 26% 26% - % 17% 12% Socony Vac Oil a70c 239 17% 17 17% 114 110 Solvay Am pf (5%) 2 111% 111% 111% 7% 3% So Am G& P(a30c) 345 5% 5% 5% + % 42% 26 South Port S (t2)_- 7 37V* 36 36 + % 32% 25 So Cal Edis — * 130 1294* 129% - % 31% 22% Union Tank C 1 30.. 2 27% 27% 27%-% 32% 20% Unit Aircraft a50o- 37 30% 294* 29% -1 24% 13 Utd Air L> 18 15S. 15% 15%-% 113% 109 United G imp pf (6) 4 111% 111% 111% - % 14% 6% United Paperboard 50 13 12% 12% - % 234* 10 US Distributing pf 140s 184* 18 18 -1% 20 13 a S& Fo+o Secur. 2 19% 19% 19%—% 39% 24% U S Freight (tl)_ 3 32 31 31 126 80% US Gypsum (t3)._ 2 126 125% 126% + % 20% 8% U S Hoffman _ 6 18% 18% 18% - % 62% 49 U S Hoffman pf 8%. 1 56 56 56 -3 60 31% U 8 indue Aioohol- • 38% 38% 88%-% {Continued on Pace IS.) 1 4 i 4 STOCKS GO DOl FRACTIONS TO S3 Only Few Specialties Able to Resist as Flood Damage Grows. Stock Averages 30 15 15 00 Indust. Ralls Util. 8tks Net change. —.5 —.3 Unc. —.3 Today, noon 97.9 39.2 52.9 71.8 Prev. day— 98.4 39.5 52.9 72.1 Month ago. 93.9 37 4 50.7 68.9 Year ago... 76.8 33 6 47.6 58.7 1936-7 high. 99.3 43.5 54.0 72.8 1936-7 low.. 73.4 30.2 43.4 55.7 1935 high... 76.3 31.2 44.7 56.1 1935 low_ 49.5 18.5 21.6 34.8 1932 low_ 17.5 8.7 23.9 16.9 1929 high_146.9 153.9 184.3 157.7 1927 low_ 51.6 95.3 61.8 61.8 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, January 26 —Grow ing flood damages sapped the stock market's rallying vitality today, and with the exception of a handful of specialties, prices reacted fractions to around 3 points. After an active opening, the volum" dwindled, but fresh selling under mined the list, near the fourth hour heavy offerings put the ticker tape behind for a while. Stocks prominent on the offside in cluded General Motors, Chrysler, U. S Steel, Crucible, Youngstown Sheet & Tube, Montgomery Ward, J. I. Case. Deere, International Harvester, Louis ville Gas & Electric, Kennecott, Amer ican Smelting, U. S. Smelting, West inghouse, Continental Can, Du Pont, Santa Fe. Pennsylvania, Southern Pa cific, Northern Pacific, Loews and Schenley. Moderately improved at one time were Hudson Motors, Nash-Kelvinator, Western Union, American Water Works, Texas Corp., Baldwin, Amer ican Encaustic Tiling, Penn-Dixie, Lone Star Cement, Superior Oil and Bridgeport Brass. Slow to retreat were United States Rubber, Goodyear. American Tele phone. Standard Oil of New Jersey. Atlantic Refining. Consolidated Edison and American Can. Automotive issues gave ground re luctantly, notwithstanding refusal of General Motors officials to confer wifli union leaders on invitation of Secre tary of Labor Perkins. The company indicated a conference would be use less while sit-down strikers were still in the plants. American Smelting took a tumble when the corporation applied for per mission to issue new stock to holders for the purpose of retiring its prefer ence shares. NEW YORK COTTON By the Associated Press. NEW YORK, January 26 — Breaking above the recent 12%-cent resistance level, March cotton today rallied $1 a bale to 12.68 to carry the list up to net gains of 12 to 20 points. Recent fears release of loan cotton would have a depressing influence on the market were removed as a result of the high basis for the cotton estab lished yesterday by the Commodity Credit Corp. Trade and outside buy ing was more active but slight reac tions from the best appeared under realizing. May, which advanced from 12.36 to 12.52. was selling at 12.47 in midafter noon. when prices were 10 to 17 points net higher. New Orleans Prices. NEW ORLEANS January 28 >.—Cot ton was to 4 points higher at the start of trading today with an improved trade demand absorbing the light offerings at the first call Cables were better and foreign markets reported buying interests in control. March opened :i points up at 12.47. First Drices of 12..'14 for May. 12.20 for July and 11.78 for October also showed small ad vances. Colder weather in the Eastern belt was considered favorable. Cottonseed oil futures opened steadv. February. 10.88b: March. 10.94b: May. 10.97b: July. ll.Olb: September. 10 98b. b—Bid. -• CHICAGO GRAIN By the Associated Press. CHICAGO, January 26.—Late set backs virtually wiped out price gains in the Chicago wheat market today. Reports of an address by Secretary of Agriculture Wallace indicating likelihood of substantial declines of farm prices received a good deal of trade attention, he was credited with pointing out that with ordinary weather such declines were probable, mentioning specifically wheat, corn, cotton and tobacco. WHEAT— Open. High. Low. Close May -1.28% 1.29% 1.28% 1.28%-% July - 1.13% 1.14*4 1.12% 1.13-13% Serv_ -110 1.10*2 1.09% 1.09%-% CORN— May. new _ 1.09% 1.10 1.09% 109%-% May. old 1.08% 1.07Y« 1.08% 1.(17% July new 1.05 1.05% 1.04% 1.04%-% July, old .1.02% 1.02*2 1.02*4 1.02% Sep _ 1.00% 1.00% .99*4 1.00 OATS— May . .50% .51*4 .50** .50%-% July .45 .45% .44% .44% Sep. .42% .47% .42 .42-42% SOY BEANS— May_1.58 _ _ 1.58 July _1.57% - 1.57% RYE— May _ 1.09’* 1.11*4 1.09% 1.11 July _ l.oo 1.02% 1 00*4 102 Sep. . .92'2 .93 .91% .91 BARLEY— May - - — .84 LARD— Jan 13.30 13 47 13.30 13.40 Mar 13.37 13.52 13.37 13 47 May _ . 13.82 13.75 13.80 13.70 July 13.85 13.97 13.82 13.90 Sep 14.02 14.12 14.02 14.12 bellies— Jan 10.50 May In. «5 July 17.05 17.05 17.00 17.02 Chicago Cash Market. Cash wheat, no sales reported; corn No. 3 yellow, 1.12-1.13)6: No. 4 yellow, 1.08) 6-1.12%: No. 5 yellow, 1.06% 1.08) 6; No. 3 white, 1.16, No. 4 white 1.13-1.13)4; No. 5 white, 1.07% out side weight; sample grade, 1.04-6; oats. No. 1 white, 55%; No. 2 white, 54%; No. 3 white, 52)4; no rye; bar ley feed, 80-1.00, nominal; malting, 1.00-1.43, nominal; timothy seed, 6.00 6.25 cwt.; new. 5.75-6.00 cwt.; clover seed, 27.00-34.00 cwt. Baltimore Quotation*. BALTIMORE. January 26 lA'i.—Wheat. No. 2 red Winter, garlicky, spot, domestic, 1.41; January. 1.41. AWARDED C„ B. & Q. ISSUE. NEW YORK, January 26 (^.—An nouncement was made that Salomon Bro6. & Hutzler has been awarded the $7,080,000 Issue of 2 per cent Equipment Trust certificates, due 1931 to 1951, of the Chicago. Burlington A Qunicy Railroad. The accepted bid was 97.777. m FAILURES TOTAL DOWN. NEW YORK, January 26 (IP Business failures in the United States declined during the week of January 21, Dun A Bradstreet reported, from a total of 186 to 163. The aggregate In the corresponding week a year ago was 348.