Evening star. [volume], February 12, 1937, Page A-17, Image 17

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
D. C. STORE SALES
MOVE 11
‘January Volume Represents
7.5 Per Cent Increase
Over Year Ago.
BY EDWARD C. STONE.
Sales In Washington department
■tores in January averaged 7.5 per
cent more in dollar amount than sales
In January, 1936, compared with a
• per cent gain in the whole fifth
reserve district and an 11 per cent
pick-up in the entire country, the
Federal Reserve
Bank of Rich
mond reported
today.
This percent
age advance is
lower than in
''Several other
fifth district cit
ies, but this is
partly due to the
fact that in Jan
uary, 1936, trade
In the Capital
was 14.1 per cent
above the record
for January. 1935.
No other cities in
Leo J. Crowley.
this trade area had such a large gam
a year ago. Winston-Salem, N. C.,
topped the January list with a sur
prising upswing of 27.6 per cent.
Huntington, W. Va., suffered a 17
per cent setback in January compared
With January, 1936, stores being closed
eight business days because of flood
conditions. On the days when the
•tores were open sales averaged mate
rially higher this year than in Jan
uary, 1935. Of the 58 reporting stores
in this district, 51 enjoyed larger sales
than a year ago.
Trade Percentage Compared.
Percentages in leading fifth district
Cities in January this year compare
as follows with January. 1936, the
?ercentages of January, 1936 sales over
935 also being included in paren
theses:
January. January.
1997. 1936.
Baltimore. Md _ +9.9 ( + 8.9)
Charleston. S C_ +7.9 (—5.6)
Charleston. \V Va _+ 17.8 (—1.9)
Huntington. W. Va_—17.0 ( + 7.7)
Lynchburs. Va _+ 19.7 ( + 0.6)
Norfolk. Va_+ 15.0 (—1.0)
Washington +7.5 (-*-14.1)
Winseton-Salem. N. C_+ 176 (-9,0)
Other cities. 14 stores . + 11.9 ( — 9.3)
Fifth district. 58 stores . +9.0 ( + 11.0)
United States. 509 stores +11.0 < -±- 7.0)
Virginia _+ 10.7 ( — 9.7)
West Virginia _ +3.1 ( + 8 8)
North Carolina _+ 16.1 ( + 8.3)
South Carolina . _+ 19.5 (-uo.8)
Steamboat Officers Re-elected.
At the annual meeting of the stock
holders of the Norfolk and Washington
Steamboat Co., held yesterday, the
following directors were elected:
Messrs. H. N. Brawner, jr.: Wrisley
Brown. G. W. Forsberg, William D.
Hoover. C. F. Norment. sr.; C. F. Nor
ment, jr.; George P. Sacks, Odell S.
Smith and Corcoran Thom.
The directors then elected the fol
lowing officers: C. F. Norment, sr.,
chairman of the board; C. F. Norment,
Jr., president; G. W. Forsberg, vice
president; Odell S. Smith, secretary
treasurer, and J. A. Riordon, general
manager.
The following members of the staff
are continued in office; W. H. Cal
lahan, traffic manager; I. S. Walker,
general passenger agent; J. A. Max
well, auditor; G. E. Herring, purchas
ing agent; D. Sawyer, superintending
engineer; C. H. Ray. general agent.
Washington; P. G. Minter. general
agent, Norfolk; H. N. Larconibe. agent,
Alexandria, Va.; C. S. Revell, joint
agent, Old Point Comfort, Va.
Crowley Against Bond Deals.
Chairman Leo T. Crowley of the
Federal Deposit Insurance Corp. op
poses speculation in low-grade boncis
by banks. He says this has been
done by some banks in their efforts
to build up earnings during a period
of low-interest rates.
In his semi-annual report Chair
man Crowley declared the practice
Is unsound, especially if continued
over a long period. He says small
banks should be especially careful
on this point, as they are not in a
position to have highly paid bond
txperts as advisers to their staffs.
While opposing "in-and-out bond
trading,” he does not ask for any
additional authority to lay down rules
on the type of bonds to be bought,
leaving that to the controller of the
currency. In his report, however, he '
says he has instructed his examiners j
to watch the type of low-grade bonds
In which any bank may be dealing !
In trying to build up earnings.
Trust Code Is Suggested.
A code for the guidance of trust
officials was suggested at the trust
conference just held in New York.
The proposed code would stress rela
tions of trust men with their cus
tomers, associates and rivals includ
ing guide posts for the handling of
trust accounts and obtaining of new
business.
Washington bankers, back today
from the conference, reported that
700 bank officials attended the three
day sessions and 1,600 the annual
banquet last night. The forum dis
cussions conducted by Gilbert T. Ste
phenson, banker, and Austin W.
Scott, Harvard law professor, was of
unusual interest, they said.
John K. McKee and M. S. Szym
ezak, members of the Federal Re
serve Board, and L. E. Birdzell gen
eral counsel of the Federal Deposit
Insurance Corp., attended the con
ference, and Gov. Ronald Ransom
of the Reserve Board attended the
dinner. About 10 local bankers were
present.
Heard in Financial District.
A Boston dispatch states that In
ternational Linotype, Ltd., of London
owns 28,808 shares of Mergenthaler
Linotype Co. stock, or 11 per cent
of the issue. Another wholly owned
•ubsidiary, the Melco Development
Co., held 14,902 shares on September
80, 1936, the report added.
The Reconstruction Finance Corp.
announces appointment of John W.
Snyder as manager of the St. Louis
agency to succeed J. K. Vardaman,
Jr., who has resigned to become presi
dent and chairman of the Executive
Committee of the Tower Grove Bank
Sc Trust Co. of St. Louis.
Arthur A. Ballantine, formerly Un
derseertary of the Treasury and mem
ber of the firm of Root, Clark, Buck
ner & Ballantine, New York, has been
elected a trustee of the Bowery Sav
ings Bank. •
Slauson, White & Rowe, Inc.,
Washington representatives of Xnde
pedence Fund, are arranging to
■end 14 managers and branch man
agers in the District of Columbia and
Maryland to the home office in New
York for a short course of intensive
training.
'
American Radiator Sc Standard
Sanitary Corp.—1936 preliminary
common share earnings, after surtax,
were 70 cents, against 25 cents.
Recovery Scored
By London Issues
After Early Sag
By the Associated Press.
LONDON, February 12.—The Lon
don Stock Exchange developed a good
recovery tone today after gilt-edged
issues showed early weakness because
of Chancellor of the Exchequer Neville
Chamberlain's defense loan statement.
Early declines of Vx to % of a
point were registered for government
stocks due to initial fears of public
selling which did not materialise.
Quotations gradually recovered,
however.
The defense loan announcement, ex
pected for some time, ended suspense
and knowledge the expenditures
would be spread over five years did
not materially affect long-term se
curities.
Other sections of the market were
firm. Trading in steels, irons and oil
shares was featured.
Washington Produce
BUTTER—92 score, 1-pound prints. 38;
14-pound prints, 39; tubs. 37; 90 score.
1-pound prints. 37: ^-pound prints. 3b;
tub. 36. Market strong.
MEATS—Choice beef. 10: calves, 18:
veal. Ill: lamb. 17: pork loin, 23: fresh
ham. 2.1: smoked hams. 20: sliced bacon.
3.1; slab bacon. 28: compound, 14: lard,
IS'.ialO.
LIVE STOCK—Pies. 83iaOV«: lieht hogs,
IH.aii3.: medium hogs. 93,alO: heavy hogs,
S'aa!*3/.: roughs. tia8; calves, (jail*,2;
lambs. tialO.
Prices paid shippers, net f. o b. Wash
ington. By the United States Bureau of
Agricultural Economics:
EGGS—Market improved. Prices on
Government graded eggs '2 cent higher.
Current receipts. 21a2lVi: hennery whites
21l2a22. Government graded and dated
white eggs met prices paid shippers, f.
0. b. Washington': U. S. extras, large. 23:
U. S. extras, mediums. 20‘/a; U. S stand
ards. large. 22'2.
LIVE POULTRY—Market generally
steady: slightly better tone on broilers and
roasters. Fowl: Colored, heavy. 15a 18;
Leghorns, llal3. Chickens: Rocks and
crosses, fryers. 20a2l; broilers and roast
ers at a '.al-cent premium: Guineas,
young. 2 pounds and up. 40 each: under 2
pounds. 25*30 each: old Guineas. 20*25
each. Turkeys: Young hens. 10*20:
young toms, under 10 pounds. 18*17; 20
pounds and over. 15; No. 2s. 12; old hens.
14; old toms. 14.
Fruits and Vegetables.
Sales in large lots by original receivers
up to x a m. today:
APPLES—No carlot arrivals: no cars
on track Bushel baskets. U. S. No. 1:
Supplies liberal; demand moderate: market
steady. Virginia. Staymans. 2V«-inch min
imum. 1.25al.3fi: 2‘2-inch minimum. 1.40
al.oo: 2**-lnch minimum. l.SOal.do:
.'1-inch minimum. 1.05a! .75: Yorks, 2‘4
inch minimum. l.lOal.25: 2'i-lnch mini
mum. 1 35a 1.40: 2J,4-Inch minimum. J .50
*1 00: Grimes. 2’'4-inch minimum. 1.00a
1.10: 2'j-inch minimum. 1.25al.3.V Black
Twigs. 2>4-lnch minimum. J.15a 1.25; 2's
mch minimum 1.35*1.40: 2»4-inch mini
mum. 1 4<)al.«0: Delicious. 2ti-inch mini
mum. 1.40al.50: 244-Inch minimum. 1.75
al.85: 2J4-lnch minimum. 1.85a2 00;
Golden Delicious. 2',4-inch minimum. 1.25
al 35: -12-inch minimum. 1.50*1.75: 234
inch minimum. 1.85al.90: Winesaps. 2V4
inch minimum. 1.35: 2',4-inch minimum.
1.float.75: 2a*.-lnch minimum. 1.85a2.00:
Ben Davis. 2'4-inch minimum. 75a85:
2’2-inch minimum l.lflal.25: Starks. 2',4
inch minimum. 00*1 00: 2'2-inch mini
mum. 1.15*1.25: 'J^-Thch minimum. 1.35
a 1.50: Limber Twigs. 2'/4-inch minimum.
1,00a 1.10: 2'i-lnch minimum. 1.35*1.40.
Boxes and cartons: Virginia. West Virginia.
Maryland and Pennsylvania combination
extra fancy and fancy: Delicious. 1.75a
2.25: Staymans. 1.05*2.00: Golden De
licious. 1.75*2.25: C grade. Delicious. 1.00
al.85; Htaymans. 1.50al.75: Grimes,
fancy. 1.40at.05: C grade. Golden De
licious. 1.60*1.85.
CABBAGE—Two Florida, one Texas ar
rived- one broken and two unbroken cars
on track. Supplies moderste: demand
light: market steady. Florida, l’i-bushel
hampers pointed type, truck receipts
packed locally. 85; New York. 50-pound
sacks. Danish type. 50*00.
CARROTS—-No carlot arrivals: no cars
on track Supplies light: demand moder- ■
ate: market steady. California. Western
lettuce crates 2.50*2.75; Texas, halt let
tuce crates. 1 40al.50.
CAULIFLOWER-—No carlot arrivals:
three broken cars on track. Supnlies
moderate demand moderate: market
steady California, crates. 2.10a2.25.
CELERY—Two Florida arrived: three
broken and two unbroken cars on track.
Supplies moderate demand moderate:
market, steady. Florida. 10-inch crates
Individually washed and pre-cooled. 3-10
dozen 2.00a2.50.
LETTUCE—No carlot arrivals: seven
broken cars on track. Supplies moderate,
demand moderate; market steady Cali
fornia. Western crates. Iceberg type 5
dozen. B.ooa.fi.50: fair condition. 4.73: 80s.
4.00*4,sn: fair condition. 3.75.
. ONIONS—One New York arrived: three
broken and two unbroken cars on track.
Supplies moderate, demand moderate:
market slightly stronger. 50-pound sacks.
U S. No 1: Michigan and New York,
yellows, medium to large size, l.on: Coln
rat,P„ Valencias. 3 Inches and larger. 1.40
a 1. *>n.
PEAS—No carlot arrivals: no cars on
track. Supplies very light: demand fair:
market steady. Florida, bushel hampers,
fair quality. 3.00.
Potato Prices Steady.
POTATOES—One Florida, one Pennsyl
vania arrived: one car diverted: four bro
ken and five unbroken cars on track. Sup
plies moderate, demand mnderate: market
fte*dy- 100-pound sacks. IT. 8 No 1:
Maine Green Mountains. 2.75a2.«5: few
3 h°: Pennsylvania, ion-pound sacks. Rus
set Rurals. unclassified. 2..fi0a2.60: u s
No. 1. branded sacks 2.75: New York,
round whites 2.80*2.65: Florida, bushel
Sr^suBWr*T&. u- s- No- ’■1 n0a
SPINACH—Two Texas arrived: two
oroken and two unbroken cars on track.
Supplies moderat-e: demand slow: market
about steady. Texas, bushel baskets. PO,
lew 8.)
STRAWBERRIES—One Florida by ex
p,r.ess ,»«?«<»: ho cars on track. Sun
piles light- demand light: market steady.
Florida. 36-plnt crates. 4 50 per crate.
SWEET POTATOES—One South Caro
lina arrived: one unbroken car on track.
Supplies moderate: demand moderate
market steady. North Carolina, bushel
baskets Porto Ricans. 85a!10: few best.
1.00- Maryland. Anne Arundel County,
bushel hampers Jersey type, U. S. No. 1.
90*1.00.
TOMATOES—No carlot arrivals: no cars
on track. Supplies light: demand light:
market steady. Cuba, lua boxes, rtnes
•nd turning, wrapped, five and larger.
2.50. few higher: fair condition. 2.00.
MIXED VEGETABLES—One Georgia ar
rived: three broken and one unbroken
cars on track.
SNAP BEANS—No carlot arrivals: one
broken car on track. SuDplies moderate
demand slow: market steady. Flor'da.
bushel hampers green Flat type, fair
quality. 1.50a2.00: few best. 2.50a2.75:
Round Stringless. 3.0093.25.
LIMA BEANS—No carlot arrivals: one
-roken car on track. Supplies light: de
mand light: market slteht'y stronger.
Florida, bushel hampers. 3.50.
PEPPERS—Supplies moderate: demand
light: market steady. Florida. 1'2-bushel
crates, green. 1.50al.75: fair quality. 1.00a
EGGPLANT—Supplies moderate: de
mand light: market steady. Florida. IV*
bushel crates. 2.00.
SQUASH—Supplies very light: demand
fair: market steady. Florida, bushel
hampers, white, wrapped. 3.50; yellow.
4.00.
KALE—Supplies moderste: demand
moderate: market steady. Virginia, bushel
baskets. 35a40.
COLLARDS—Supplies moderate: de
mand moderate: market steady. Virginia,
bushel baskets 35a40.
HANOVER SALAD—Sunplies tight: de
mand moderate; market steady. Virginia,
bushel baskets. 50.
ORANGES—One Florida arrived: 3
broken and 1 unbroken cars on track.
Florida, boxes. No. 1. 3.25*3.75: No. 2.
2.SOa.3.25.
GRAPEFRUIT—Three Florida arrived;
3 unbroken cars on track. Florida, boxes.
2.00a2.25.
LEMONS—California boxes. No. 1.
8.50*7.00: No. 2. fl.00afi.50.
TANGERINES—Florida. 4s-bushel bas
kets. 1 "fial.50.
BRUSSELS SPROUTS — California.
drums. 3 nn*3.2s.
RHUBARB—Michigan. 6-pound cartons,
40*50
BEETS—Texas. >4 crates. 1.50.
PARSNIPS — Pennsylvania. '4-bushel
baskets. 50.
MUSHROOMS—Maryland. 3-pound bas
ke's 40*90.
escarol—No carlot arrivals; 1 broken
car on track.
TOBACCO MARKETS.
~,.DAKVI,I4E,. Va- February 13 OP).—
The Virginia Crop Reporting Service noted
large Increases paid for all types of the
Old Dominion’s tobacco this year
The check on 110.505.597 pounds told
up to January HI shoved an advance of
^?„PEr„hu,!,'!redwel,tht on a11 type* over
the 1935-6 selling season.
The Virginia-North Carolina "Old Belt"
Bright Leaf Markets will close sales for
the season this afternoon. Figures gathered
by Henry Taylor. State statistician, showed
the 11 Virginia bright markets averaged
*32.48 per hundredweight by the end of
January. This compared to *30.61 at that
date last year.
Danville warehousemen said that the
Virginia city would run a close race to
Wilson. N. C.. In poundage sold. They
expected Danville would sell 51 million
pounds, about 400.000 less than Wilson.
CUBA SHIPS MORE SUGAR.
NEW YORK, February 12 OP).—
Cuban sugar exports from January 1
to February 6 totaled 239,248 long tons,
raw value, compared with 214,045 in
the like period last year, an increase
of about 11.8 per cent, according to
Lambom & Co., sugar brokers. Ship
ments to the United States were 229,
974 tons, against 193,890 a year ago,
an Increase of 184 per cent.
Expanded Activity in Flood
Areas and Better Labor
Situation Help.
Bt the Associated Press.
NEW YORK, February 12.—All
branches of trade brightened this week
in the wake of expanded activity in
flood areas and better news from the
labor fronts, Dun & Bradstreet said
today in the weekly review.
Retail distribution reflected also
more seasonable weather conditions in
various regions; flood-relief expendi
tures brought hurry-up orders for re
placement goods, and more attention
was paid to Spring and Easter de
mands in wholesale circles. The dura
ble goods division advanced operating
rates in most cases, the agency said.
"With some merchants reporting
the best week for the period since
1929,” the review said, "and others
running slightly ahead of that mark,
the vigorous rebound of consumer
buying superseded the progress in
other trade branches.
"Favorable weather, which permit
ted the fulfillment of long-postponed
needs, resulted in sales broadening
from 5 to 10 per cent from the total
reported for the week preceding by
the majority of principal cities. This
j lifted the estimated volume of retail
distribution for the country as a whole
from 12 to 18 per cent over the same
1936 week.”
The agency estimated gains over a
year ago in the principal geographic
areas were: New England, 18 to 22
per cent; East, 16 to 25; Middle West,
15 to 20; Northwest, 15 to 18; South,
15 to 20; Southwest, 8 to 14, and Pa
cific Coast, 9 to 16. Settlement of the
maritime strike in the last-named re
gion was a factor in the gain, the re
view noted.
A long list of seasonable merchan
dise was in improved demand in all
areas, the review said, but furniture
and housewares continued in the
spotlight, and there was a pronounced
increase in the movement of men's
and women's apparel. In the latter
category the review noted dress fab
rics in gay prints, gloves, handbags
and jewelry continued to the fore,
ably seconded by perfumes and Val
entine novelties.
Baltimore Markets
Special Dispttch to The Star
BALTIMORE, Md.. February 12.—
Potatoes, old, per 100 pounds, 1.73a
2.55; new, bushel, 1.65al.90; sweet
potatoes, bushel, 40al.00; nearby,
bushel, 50a80; yams, bushel, 50a90;
asparagus, crate, 3.00a7.00; beans,
bushel, 2.25a3.50; beets, half-crate,
1.25al.50; broccoli, crate, 3.50; brus
sel sprouts, half-drum, 2.50a3.50- cab
bage, new, round type, hamper, 1.00;
fit type, hampers, SOal.OO; pointed
type, hamper, 90al.l0; old, Danish,
50-pound sack, 55a60; carrots, crate,
2.00a3.00; bushel, 75al.00; cauliflower,
crate, 2.00a2.25; celery, crate. 1.75a
2.50; collards, bushel, 25a35; cucum
bers, bushel, 4 00a4.50; eggplants,
crate, 1.25a2.00; kale, bushel, 30a35;
lettuce. Iceberg, crate, 3.50a5.00;
mushrooms, 4-quart basket, 50a70;
onions, 50-pound sack, 75al.50; peas,
bushel, 1.50a5.50; peppers, crate, 1.25
a2.00; rhubarb, carton, 50a60; spin
ach, bushel, 60a90; nearby, bushel,
35a75; tomatoes, lug, 1.00a2.25; tur
nips, nearby, purple tops, half-bushel,
20a30: yellows, per 100 pounds, 50;
apples, bushel, 65al.75; box. 2.00a
2.50; grapefruit, box. 1.50a2.75; or
anges. box, 2.50a3.75; strawberries,
pint, 10>-2al3; tangerines, box, 90al.40.
No grain quotations, legal holiday.
Dairy Markets.
Live poultry — Chickens. Rocks,
pound, 20a22; mixed colors, 20a21;
broilers, 21a22; fowls, Rocks, 17al8;
mixed colors, 16al8: Leghorns, 14al6;
roosters, 10al2; ducks, 12al7; guineas,
each, 35a50: turkeys, pound, 12a24;
capons, 22a25.
Eggs—Current receipts, dozen, 22;
hennery whites, large, 23; medium, 22;
receipts, 1,231 cases.
Butter—Prints, pound, 35!good
to fancy, creamery, 33a34; packing
stock, 18; good rolls, 20a22; receipts,
1 tub. -
Seafood Market.
Cat fish, rough, pound, 5a6; dressed,
8al0; carp, 5a6; eels, 5a8; haddock,
8al0; Spanish mackerel, 10al2; pan
rock, 15al8; large rock, 18a20: white
perch, 8a 10; yellow perch, 6a8; her
ring. 8al0: pan trout, 8al0; large, 12a
15; blue fish. 12al5; flounders, 8al0;
shrimp, 10a20; porgies, box, 3.50a4.50;
croakers, box, 3.50a5.00; butterflsh,
box, 3.00a6.50; smelts, 12a25; shad,
20a22; roe shad, 30a32; terrapins, 20a
35; clams, large, per 100, 1.10al.25;
Cherrystones. 75; Little Necks. 50a60;
oysters, medium, gallon. 1.30al.40;
Selects, 1.50al.60; Raw Bar, barrel,
4.00a6.00.
Live Stock Market.
Cattle—150; cows and bulls steady
with Thursday; low cutter and cutter
cows. 3.75a4.75; common and medium.
5.00a6.00; few medium grade weighty
bulls, 6.50a6.75.
Calves—50; vealers weak to mostly
50 cents lower than Thursday; few
good grades, 11.50; common and me
dium, 7.00al0.50; culls down to 6.00.
Hogs—850; around 10 cents higher
than Thursday; good and choice, 170
225 pounds, 10.85all.10; top, 11.10;
225-250 pounds, 10.50al0.90; heavy
weights down to 10.00 and under; 140
160 pounds, 10.35al0.85; 120-140
pounds, 9.75al0.25; good packing sows,
8.90a9.50; most truck hogs In lower
half of quotation ranges.
Sheep—250; small lamb supply,
practically all fed Westerns bought to
arrive. I
Traffic Convictions
■" i
SECOND-OFFENSE SPEEDING.
Cloyd D. Bwofford, 1519 Fifth
■treet, $15.
Richard R. Babcock, 323 Allison
street, $10.
FIRST-OFFENSE SPEEDING.
Arthur R. Hart, 1352 Longfellow
street, $5.
Robert Habelson, Maryland, $5.
Ralph T. McCulloch, Annapolis Ho
tel, $5.
Roman M. Cherk, 1614 Seventeenth
street, $5.
Grace B. Hynes, no address given,
$5.
Philip A. Myers, 2d, Maryland, $10.
Daniel J. Walsh, Maryland, $10.
John W. Clements, 616 Twenty
second street, $5.
Harriett J. Harrod, no address given,
$5.
Del .C. Bingham, Maryland, $5.
George A. Johnson, 1816 Kalorama
road, $5.
Edward Hatcher, 39 Quincy place,
$20.
William H. Carter, 1 Fenton street
northeast, $10.
Adam L. Dresch, Maryland, $5.
Frank F. Daughton, 324 Oakdale
place, $5.
Eugene Tibbs, 1834 Providence j
street northeast, $5.
William H. Freeman, 3905 Reser-'
voir road, $5.
Gerald Adams, 739 Morton street,
$5.
James E. Johnson, 3835 Chesapeake
street, $5.
Donet C. Smith, Virginia, $5.
James A. Crutchfield, Highland
Apartments. $5.
Arthur Madison, 4527 Georgia ave
nue, $5.
James P. Shurk, 4413 Fourteenth
street northeast, $5.
William R. Acord, Maryland, $5.
Violet V. Nicholson, 442 Emerson
street, $5.
Joserh Hicks, Maryland, $5.
Nan fe. Kenney. 621 E street, $5.
James T. Murphy,' 1816 Fifteenth
street, $5.
Chester F. Kozlowski, Pennsylvania,
$25.
James Bchanker, 1106 Jefferson
street, $5.
Otis Deer, Mary .and, $5.
PERMIT SUSPENSIONS.
Thomas Blair. 922 Delaware avenue
southeast, 15 days.
William J. Bryan, 1017 Sixteenth
street, 15 days.
Luster Borders, 1529 Fifth street, 15 1
days.
Meyer A. Baskin, 3220 Seventeenth
street, 30 days.
Linford M. Halstead, 815 Flower
avenue. Takoma Park, 15 days.
George A. Herbert. 226 C street
northeast, 15 days.
Floyd G. Heater, 1105 Branch ave
nue southeast, 15 days.
Albert J. Headley, jr„ 217 Ninth
street southwest, 15 days.
James Hill, 1427 Fifth street, 15 days.
William L. Jarvins, 1010 Eighth
street, 30 days.
Hugh M. Maddox, 1133 Twenty
fourth street, 30 days.
Charles E. Morse, 1629 D street
southeast, 15 days.
Iorakim N. Numtaz, 1606 Twenty
third street, 15 days.
Arthur W. Owen, 4105 Fourth street,
15 days.
Calvin S. Philabaum, 1115 Euclid
street. 30 days.
Marjorie B. Pitts, 3249 N street, 30
days.
Bascom H. Roane, 2316 F street, 30
days.
Joseph E. Slattery, 80r Seventh
street southwest, revoked.
George T. Smith, 705 Fairmont !
street, 30 days.
Milton Todes, 3710 Warren street, 15
days.
U. S. TREASURY POSITION.
By the Associated Press.
The position of the Treasury on Feb
ruary Hi: Receipts. $83,970,645.88; ex
penditures. $66,687,406.33: balance. $1.
647.548.893.26. Customs receipts for the
month. $13,964,835.12.
Receipts for the fiscal year (since July
11. $2,580,238,848.20: expenditures. $4.
453.664.238.14 (including $1,788,263.
7;0.39 o( emergency expenditures!: excess
of expenditures. $1.893.425.589.94: gross
debt. $34,555,023,638.40. an increase of
$2,972,855 over the previous day: gold
»«»ts » *11.386.573.407.89. Including
$155.418.1o9.03 of inactive gold.
--.
TIDEWATER STOCK TAKEN.
NEW YORK, February 12 —
Tidewater Associated Oil Co. an
nounced that of the 500,000 shares of
$4.50 cumulative convertible preferred
stock recently registered under the
securities act of 1933. a total of 436,
668 shares, or 87 per cent, has been
taken by holders of the 6 per cent
preferred and common stocks.
| ...1
First Mortgage
| LOANS I
| ON |
5 V
5 IMPROVED REAL ESTATE $
At 5%
: Monthly Payment« ;
If Preferred \
\ \
i Construction! Loans $
S s
5 District of Columbia, $
$ Nearby Md. and Virginia $
^ i
|WM. J. FLATHER, Jr.,5
s Inc. S
i $
^ 1508 H St. NA. 1753 ^
| 5%7IlOMs7^6%1
x ON x
X DISTRICT OF COLUMBIA AND NEARBY X
X VIRGINIA IMPROVED REAL ESTATE X
x Our low rate of $7.50 per thousand X
x makes it easy for you. v
x Let us show you our plan which will X
x be best suited for your means. X
0 NO COMMISSIONS NO EXTRAS V
0 OWN—REMODEL—REFINANCE X
AMERICAN BUILDING ASS’N
X 300 PA. AVE. S.E. ' LIN. 0131 X
A J>
I
AT 675,026 MARK
I
--
Week’s Rise* of 2.3 Per Cent
Sends Total 8.6 Per
Cent Above 1936.
NEW YORK. February 12.—The As
aoclated Press seasonally adjusted
weekly Index of freight carloadlnxs.
based on 1929-30 as 100. advanced To
day to 73.7 compared with 72.0 the
previous week and 67.9 a year ago.
The ranee of recent yeara.
* 1936-37. 1935 1934. 1933.
High_64.5 71.1 65.9 67.3
Low-60.7 58.0 69.5 47.7
By the Associated Press.
The Association of American Rail
roads reported today loadings of reve
nue freight for the week ended last
Saturday totaled 675,026 cars.
Tills was an increase of 15,236 cars,
or 2.3 per cent, compared with the
preceding week; an Increase of 53,340,
or 8.6 per cent, compared with a year
ago, and an increase of 83,699, or 14.2
per cent, compered with two years
ago.
The week’s loadings ol various classi
fications, giving comparisons with
preceding week and corresponding
week a year ago, follow:
This Last Year
... ,, week. week. ago.
Miscellaneous 265,817 — 2,120 +59,702
Less than car
lot -- 158.052 + 4.811 +10.929
Coal - 157.420 +14.658 —30.874
Grain and
products .. 28.914 — 1.291 + 390
Western dis
tricts _ 18.020 — 1.601 + 1.279
Live stock . 10.765 — 1,754 + 335
Western dis
tricts - 7,984 — 1,533 + 425
Forest prod
ucts - 37.520 + 1.535 + 7,000
Ore _ 9.372 — 1,093 + 3.900
Coke- 12,160 + 490 + 1.256
Earnings
Cluett, reabody & Co.
NEW YORK, February 12 OP).—
Cluett, Peabody & Co., shirt manu
facturer of Troy, N. Y., reported for
the year ended December 31 net in
come of *1,279,043, equal after pre
ferred dividends to $5.52 a share on
the common stock. For 1935, net
profit was $503,828, or $1.41 a com
mon share.
Alabama Great Southern.
Alabama Great Southern Railroad
Co. for the year ended December 31
had net income of $1,489,121, equal
under the participating provisions of
the shares of $6.64 a share on the
combined 6 per cent participating pre
ferred and ordinary shares. This
compared with $303,436 in 1935, or 64
cents a share on the ordinary stock.
G. Heileman Brewing.
CHICAGO, February 12 OP).—G. j
Heileman Brewing Co., La Crosse,
Wis., reported today 1936 net profit
of $403,193. equivalent to *1.34 per
share, compared with $349,456, or
$1.16, in 1935.
FINANCING TO DROP.
NEW YORK, February 12 OP).—New
State and municipal financing sched
uled for next week totals $6,504,079,
the smallest weekly total so far this
year, Daily Bond Buyer reported. The
revised total for the past -week was
$20,445,489.
First
Mortgage
Money
For
CONSTRUCTION
LOANS
and
LOANS ON
IMPROVED
PROPERTY
in the
District of Columbia
Nearby Maryland
and Virginia
5%
Prompt Action
B. F. SAUL CO.
925 15th Street Nad. 2100
Marriage Licenses.
Robert F. Wince. 31. 319 Bast Capitol it.,
and Mary Peacock. 31. 2100 loth at.l
Rev. C. J. Trlnkaus.
Alfred B. Smart. 21. 731 18th at. n.e.. and
Helen Westlr. 18. 413 60th at. n.e.;
Rev. L. N. Young.
Jack L. CltDPinger. 24. and Elizabeth E.
Sheppard. 33. both of Baltimore; Rev.
Cr S BIrrs
Shell Chapman. 25. and Lottie Dodson. 30.
both of 1341 Wylie court n.e.; Rev. C. H.
Fox.
Gilbert L. Falcone. 20. 1220 18th It. n.e..
and Margaret M. Johnston. 22. Ballston.
Va.; Rev. N. M. DiCarlo.
Glenn M. Grinin. Jr.. 21. Rome. Oa.. and
Anne Q. Gallagher. 18. Wilmington. N.
C.; Judge R E. Mattingly.
C. Darby Yauch. 24, New Carlisle Ohio,
and Alice C Briley. 20. 1415 Chapin at;
Rev. J. F. Burns
John E Underwood. 29. Navy Yard, and
Vernetta Cunningham, 34. 417 D st. n.e.;
Rev J E. Briggs
William Baggett. 47. 310 F at., and Hazel
A. Qualman. 30. 1420 20th at.; Judge
R. E. Mattingly. ^ .
Marshall A. Stine. 24. Winchester. Va..
end Julia A. Phelps. 21. 2203 Evarts at.
n.e.; Rev. H. H. Rowland.
Joe Boington. 27. 1518 U at., and Carrie
Britton. 18. 2378 Champlain at.; Rev.
J. L. Pinn.
Lawrence W. Palmer. 21 1213 H st. n.e..
and Regina C. Wendline. 18. 234 F at.;
Rev. C. E. Hawthorne.
Harry Kab-cenel. 37. 1400 K at., and
Claire Ackerman. 29. 3426 T at.; Rev.
M. J. Cohen.
James Clark. 20. 1741 Seaton at., and
Mary Norris. 17. 68 Pierce at.; Rev.
A. J. O'Reilly.
Maurice A. Acers. 29. Dallas. Tex., and
Jessie P McKarnin. 29. Iola. Kani.; Rev.
R. H. Miller
Paul M. Sandy. 24. 3758 35th st.. and
Ruth M Priest. 19. 1518 V St. s.e.;
Rev. S. T. Nicholas.
Births Reported.
Marshall C. and Helen T. Deason. girl.
Chester O. and Elizabeth C. Whitmore boy.
Jerry S. and Margaret J. Lanahan. girl.
Joseph F. and Margaret L. Weinstein girl.
Frank E. and Margaret H. Grimes, boy.
Gilbert A. and Elfrieda G. May, boy.
Daniel C. and Inez Beyda. boy.
John W. and Winifred M Whalen, girl.
Robert E. and Elizabeth F. Rhodes, girl.
Walter V. and Bettie S. Barry, girl.
Nathan and Adele Shilansky girl
Alan E. and Eana E. Sanders girl.
Michael and Frances Bassl. girl.
Walter L. and Belva L. Sparshott girl.
Donald H. and Annie L. Wagstaff. girl.
Eicon and Louise Allen, boy
James T. and Hattie B Tucker, girl.
Horton and Hazel Newman, girl.
Arthur G. and Fern Torrance, boy.
George W. and Gladys M Myers, boy.
Joseph H. and Margaret V. Hunt. girl.
George H. and Florence I. Miller, boy.
Wade H. and Dorothy D. Gulledge. boy.
John V. and Eva E Miller, boy.
Irvon L. and Helen L. Corwin, boy
Raymond B and Edna V. Clark, girl.
Reynold I. and Frances L. Bartmes.f girl.
George Y and Amy G. Harvey, girl.
William W. and Mary P. Pitt girl.
Edward G. and Viola Fink. girl.
Joseph M. and Mary Upchurch girl.
Philip I. and Gertrude B. Hevman girl.
Antonia and Adeline Piccionl girl.
Arthur and Agnes Buttler. boy.
Morris D. and Thelma C. Freeman, girl.
-•
Deaths Reported.
Momme Ingwersen, 86, United States
Soldiers' Home.
Willis O. Rhodes. R4 Methodist Home.
William H Macdonald. 75. 374 F si. n.e.
Ella Tate. 71. 770 H st. n.e.
Hattie M. Bean. 70 Georgetown Hospital.
Dora Eschbacher. 58. Sibley Hospital. i
Edward E Peterson. 57. 318 B st. ».e.
Genevieve L. Myron. 51. Walter Reed Hoi- ;
GiUiam C. Ostenorf. 46. Tuberculosis Hoa
Mary*H. Abbe.‘46, Garfield Hospital.
Ernest P. 8chnelder. 38. Emergency Hoi
pital.
Charles M Carroll, 36. Providence Hos
Fannie L. Harwood. 34. Galllnger Hospital, i
Infant to Harry B. and Evelyn McClain.
Sibley Hospital. . ,
Edward Ross. 77. St Elizabeth Hospital.
Etta Lockwood 61. 8t. Elizabeth Hospital.
Martha Chase 44. Emergency Hospital. ;
Theodore Brogdon. 47 Galllnger Hospital, i
Beatrice Mack. 77. Gallinger Hospital.
Sylvester D. Lacey, 26. 802 Twenty
fourth st. __ ,
Thos. Lee, 70 mos., Gallinger Hospital.
Money for Construction Loam
and
Loans on Improved Properties
Prevailing Rates
FUST DEED or TEUST ONLY
GEORGE I. BORGER
643 Indiana Aw*. N.W.
■ Nat’i 0350
First
Trust
Loans
For Purchasing a Home or
RE-FINANCING
EXPIRING TRUSTS
NO COMMISSION CHA.tGE
NO RENEWALS REQUIRED
Terms Arran red on
Cast Monthly Payments
MCMtEft ftuiLOIN* 4 V0A*
ASSOCIATION COUNCIL •fox.
NATIONAL
ent
TINS ASSOCIATION
UNDER. SUPERVISION I
ft U. ft. TfttASURY
949 NINTH STRUT,/TV |
LOANS
ON IMPROVED D. C. PROPERTY
Immediate attention on your ap
plication for buying, rebuilding
or refinancing.
Loans payable monthly.
No charge foi appraisal if loan
is not made.
Interest charged only on unpaid
balance of principal.
Equitable Co-operative
Building Association
915 F STREET N.W.
Organised 1879
THE CURRENT RATE OF RETURNS ON
SAVINGS FUNDS ENTRUSTED TO THIS
INSTITUTION IS AT THE RATE OF
3%
per annum
YOUR SAVINGS ACCOUNT INSURED UP TO
$5,000
FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF CLARENDON .
3168 Wilton Bird.
Walnut 8555 Clarendon, Va. Clarendon 2456
CITY NEWS IN BRIEF.
TODAY.
Meeting. Ancient Order of Hibern
ians, Mayflower Hotel, 8 p.m.
Dance, Columbia Chapter, R. A. M„
Willard Hotel, 8:30 p.m.
Dance, Young Republican Club,
Raleigh Hotel, 9 p.m.
Dinner, Lincoln Post, American
Legion, Shoreham Hotel, 7 p.m.
Dance. Intercollegiate Alumni
Bowling League, Lafayette Hotel, 10
p.m.
Meeting, Women’s Eastern Star
Club of United States Treasury, 14
R street northeast, 8 p.m.
Pioneer party, Ohio Girls Club,
1326 Massachusetts avenue, 8 p.m.
Meeting, American Federation of
Government Employes, District De
partment, Hamilton Hotel, 8 p.m.
Meeting, New York State Demo
cratic Club, Hamilton Hotel, 8 p.m.
Meeting, Women of the Moose, 1414
I street, 8 p.m.
TOMORROW.
Luncheon, Pan Hellenic Association,
Mayflower Hotel, 1:30 p.m.
Meeting, Gridiron Club, Willard
Hotel, 12 p.m.
Card party. Daughters of 1812,
Mayflower Hotel, 2:30 p.m.
Luncheon. Washington Classical
Club, Raleigh Hotel, 1 p.m.
Dance, Bethany Chapter. No. 24,
O. E. S., Raleigh 'otel, 9 p.m.
Dinner, Quota Club, Willard Hotel,
7 p.m.
OFFICE EQUIPMENT
WE SELL, BUY OR EXCHANGE
Desks Steel Files
Tables Steel Cabinets
Chairs Safes
BAUM’S FURNITURE HOUSE
1116 Ere St. N.W Phone NA 2181
Real Estate Loans
5% • 5'/2%
Business Property and Resi
dence . . . Censtruetion or Re
financing Loans. • • •
(Shannon & luchS]
Mortrare Loan Correspondents
MASSACHUSETTS MUTUAL
LIFE INSURANCE CO.
1505 H St. N.W. NAtl. 2345
I
First Mortgage Loans
District of Columbio—
Nearby Maryland—
and Virginia—
Homes
Apartments
Business
Properties
Terms from
3 to 15 Years
Also Monthly Payment Loans
Randall H. Hagner & Co.
Incomorsted
MORTGAGE LOAN CORRESPONDENT
New York Lilt Insurance Co.
1321 Conn. Atc. N.W. DE. S60S
Dinner-dance, oigma Pi Esther
Chapter, O. E. S., Willard Hotel, 8 p.m.
Dinner. Washington Real Estate
Board, Willard Hotel, 7:30 p.m.
Banquet, Washington College ot
lew, Mayflower Hotel, 7 p.m.
Dinner-dance, District Democratlo
League, Wardman Park Hotel, 7 p.m.
Dance, Theta Alpha Chi, Wardman
Park Hotel, 10 pm.
Meeting, Philo ophical Societv of
Washington, Cosmos Club, 8:15 p.m.
Concert, Chadwick Orchestra, Rup
pert Home, 2100 Good Hope road
j southeast, 7:45 p.m.
Dance, North Carolina State So
ciety, Shoreham Hotel, 8:30 p.m.
- 1 •
Thew Shovel Co.—1936 common
share earnings were $7.77, against
: $1.57.
-.—
Free to Executives
21 Bank and Trust
Company Statements
A reprint of reports of condi
tion of 21 Banks and Trust
Companies of Washington. D.
C., os of December 31, 1936,
which appeared in The Evening
Star. Invaluable reference
booklet. Free on request to
Executives and Investors. Ad
dress Advertising Manager,
eljr turning irtar
Investors Are Invited to Send j
for a Free Copy of
ANNUAL REVIEW
AND OUTLOOK
1936-1937
issued by our
ECONOMICS end INVESTMENT
DEPARTMENT
Independence Fund of
North America, Inc.
Slauson, White &
Rowe, Inc.
Maryland Office
439-11 Calvert Bide..
Baltimore. Md.
Tel. Calvert 1133-1134
Washington Office
303-10 People* Life In*. Bide..
Washington. D. C.
Tel. Nat. 6t>31-41632
j
U. S. Government,
Municipal, Public Utility,
Railroad and
Industrial Bonds
...
Listed and Unlisted
Securities
. . .
Bank and Insurance
Stocks
Robert C. Jones & Co.
Shoreham Bldg.
MEtropolitan 2922
"Complete Investment Service*
I or 11 Low os 1 i Big
I Refinancc 5% I
■ \ \ Easy Monthly II
I rfilMi 11 **,oo° -i I 9
H e Are Protected Federal B
COLUMBIA BU'LOIHG ASSOm Royo, B
71611 th Street__—
| QUESTIONS THAT ARE ASKED ABOUT BANKING J
1 1 i
The “capital” of a bank is the amount of
money the stockholders have invested as
owners of the bank. The Federal and State
governments have minimum capital, and fre
quently subscribed surplus, requirements that
must be met before a bank charter is issued.
In addition, the “surplus” of a bank is
built up, usually out of earnings set aside to
increase the protection of depositors. In ad
dition, there are reserves for meeting known
liabilities or guarding against contingencies.
The capital, surplus and undivided profits
constitute an element of protection to a
bank’s depositors which supplements its
policies of sound, honest management in safe
guarding the funds entrusted to its care and
applying them in useful loans and investments.
McL,achlen Banking Corporation
Since 1891
TENTH AND G STREETS. N. W.
S.W. Branch, 12th and Maryland Ave. S.W.
Member Federal Deposit Insurance Corporation