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NET OF STERLING PRODUCTS GAINS $8,669,061 Drug Earnings Compare With $8,308,074 in Previous Year. By the Associated Press. NEW YORK, February 23.—Sterling Products, Inc., makers of drugs and pharmaceutical preparations, reported for 1936 consolidated net earnings of $8,669,061, equal to $5.05 a share on the outstanding capital stock. This compares with $8,308,074, or $4.83 a share in 1935. The company's head quarters are in New York and the main plant is at Wheeling. W. Va. Through its subsidiaries it has other plants at Rensselaer, N. Y.; Stamford. Conn.; Monticello, HI., and Burlington, Vt. Harhison-Walker. Harbison-Walker Refractories Co., Pittsburgh, manufacturers of fire brick and allied lines, reported for 1936 net profit of $3,462,483. equal to $2.41 a common share, compared with $1, 805,668, or $1.20 a share in 1935. Midland Steel. Midland Steel Products Co., Cleve land. reported for 1936 net profit of $2,160,036. equal to $5.47 a common share, compared with $1,634,326, or $3.23 in 1935. Outdoor Advertising. General Outdoor Advertising Co.. Chicago, reported for 1936 net profit of $726,596, equal, after preferred and class “A" dividends, both of which are in arrears, to 22 cents a share on the common. This compared with net loss of $41,802 in 1935. Keading Co. Net income for 1936 of Reading Co., operating the Reading Railroad Sys tem, was reported at $6,515,071, or $2.65 a share on the common stock, compared with $5,714,173, or $2 a share in 1935. National Bellas Hess. National Bellas Hess, Inc., mail Order merchandise firm with head quarters at Kansas Citj. Mo., reported for six months ended January 31 profit of $101,413, before Federal and State Income taxes, surtax on undistributed profits and employes’ stock participa tion. For like period last year profit was $91,778 before similar deductions and after non-recurring profit of $45, £31 from sale of property. National Tea Co. CHICAGO. February 23 (A*).—Na tional Tea Co. and subsidiaries re ported 1936 consolidated net income of $226,750. compared with $319,260 in 1935. This was equivalent to 23 cents a share on the common stock, compared with 37 cents in 1935. Consolidated sales increased 1.42 per cent. Pure Oil Co. The Pure Oil Co. and subsidiaries reported 1936 earnings totaled $7,658, 372. compared with $8,150,000 in 1935. Last year's profit, however, was more than $5,000,000 in excess of the average of the previous four years. This net was equivalent to approximately $1.63 a share on the outstanding common stock after full provision for all dividend requirements on the outstand ing preferred. The previous year, earnings on the common were equiv alent to $2.05 a share, not considering back dividends at that time and after preferred dividend requirements. Sun Oil Co. PHILADELPHIA. February 23 (JP).— Sun Oil Co. reported net income of $7,563,554 for the year ended December 31. J. Howard Pew, president, said unappropriated earned surplus as of December 31 was $10,053,004. Marion Steam Shovel. MARION, Ohio, February 23 <fP).— The Marion Steam Shovel Co. in its annual report to stockholders today listed profits for 1936 at $68,788, the first shown since 1929. Losses total ing $157,540 were shown for 1935. The report showed current assets of $8. 681,499. The company still had an operating deficit of $2,400,541. which officials said had been accumulating since 1930. -• B. & 0. LOADINGS OFF MODERATELY IN WEEK Special Dispatch to The Star BALTIMORE. February 23.—Car loadings on the Baltimore & Ohio Railroad for the week ended February 20 totaled 51.863, including 34.328 cars loaded on line and 17,535 received from connections. This was an increase of 10.979 over the total for the same week of last year, which was 40,884. comprising 26.586 cars loaded on line and 14,296 received from connections. For the previous week (the week *nded February 13) the total was 52,265, of which 34.122 cars were load ed on line and 18,143 received from connections. JANUARY AUTO SALES GAIN 31.9 PER CENT #y the Associated Press. NEW YORK. February 23— R. L. polk & Co. today estimated January passenger automobile sales for 24 States at 130.675, up 31.9 per cent over January of last year, but 15.76 per cent under last December. Truck sales In the same territory were estimated at 22.027, 15.08 per cent over January, J936, and 11.61 per cent over December. -•— SHORT-TERM SECURITIES. (Reported by Chas. D Barney ft Co.) Bid. Offer. Amer T ft T 5%s 1943 111% m% Auburn Auto Co 4%s 1939 83% Call! Packing Corp 5s J!H(> 104% loft Caro Clinch & O 6s 1938 105% 105% Chesa ft Ohio Rwy 5s 1939 107% 108% Edison Elec IUu 4s 1930 1(14 105% Gen Pub Serv 5%s 1939 lot 103% Gr Rapids & Ind 4%s 1941 109% Houston Oil 5%s 1940 _ 102% 103 Int Mer Marine 6s 1941 80 80% Inti T & T 4%s 1939 88% 88% Laclede Gas Light fls 1939 99 99% Lehigh Valley Coal 6s 1938 99% 100% Leh Valley Ter Ry 5s 1941 107% 108% Long Island Gen 4s 1938 103% 104% Louis ft Nash RR 4s 1940 107 107% Mtch Cent RR 4s 1940 104% 105% Midland RR of N J 5s 1940 50 87 MtlW ft N RR 4V,s 1939 90 01 NY, Ch & St L 6% notes ’38 99% 100 New York Dock 5s 1938 66 oo NY Susq ft W 5s 1940 50, 59 New York Tel Co 4%s 1939 107% 108', Northern States Pw 5s 1941 102% 102% pae R R of Mo 4s 1938 101% 102 Fenn-Dixle Cement 6s 1941 99% 101 Penna R R Co 4s 1943 - 110 *111% Rio Gr Western 4S 1939- 79 79% Bo Tell T ft T 5s 1941 106% 106% Tr RR Assn St L 4%s 1939 107% 108% Vanadium Corp fts 1941 106 108V, Vertientes Sug Co 7s 1942 30% 33 Wabash Rwy Co 5s 1939 103V, 103% Warner Bros 6s 1939 98% 99% Western NY ft Pa 4s 1943 110% 111 Western Union Tel 5s 1938 103% 103% U .S. TREASURY POSITION. By tha Associated Press. The position of the Treasury on Febru ary 19: Receipts. *16.592.224: expendi tures, *31.141,764: balance. *1.565.114, 812.93: customs receipts for the month, *28.485.289.68. Receipts for the fiscal year (since July 3). *2.646,401.869.30: expenditures. *4. 648,978.118.02. Including SI.870.994, S 13.34 of emergency expenditures: excess of expenditures. *2.002.576.248,72: gross debt. *34.550,781.583.15. a decrease of *2.545.741 under the previous day; gold i assets. *11.410.139,860.12. Including 5,958.669.36 of Inactive gold. % I. B. A. Committee To Scan Unlisted Trading Requests Bt the Associated Press. CHICAGO. February S3.—Edward B. Hall, president of the Investment Bankers’ Association, announced last night a committee had been formed to represent the association In sup porting or opposing applications be fore the Securities and Exchange Commission for unlisted trading privi leges. He said the committee was ap pointed after the association decided to take a more active part in deter mining whether unlisted securities be handled by over-the-counter dealers or whether they be traded on the un listed departments of established stock exchanges. The committee will study applica tions for admission or removal of un listed stocks. Hall said, to determine how the investors’ best interests will be served. He explained it was the policy of the association to encourage trading for any security in its natural market. DOLLAR GOES DOWN IN LONDON DEALINGS Bs the Associated Press. LONDON. February 23.—The United States dollar depreciated Va cent in a quiet foreign exchange market today, closing at $4.89% to the pound, un changed from Saturday's overnight New York rate. Frencl. francs ended at 105.12 francs to the pound, un changed from Saturday. PARIS. February 23 (/Pi—Three per cent rentes, 72 francs 80 centimes; 4*2 per cent rentes, 74.70. Exchange on London, 105.12'/2- The dollar was quoted at 21.481*. WORLD TRADE MOVES HIGHER DURING 1936 By the Associated Press. GENEVA, February 23.—The gold value of world trade in 1936 was 8.4 per cent higher than in 1935, the League of Nations announced today. This total, however, was but 37.7 per cent of its 1929 value. The December. 1936. gold value of world trade rose sharply to about 12 per cent above the 1935 comparative, the League announcement said. FOREIGN EXCHANGES. NEW YORK. February 23 i*P>.—For eign exchange steady. Great Britain in dollars, others in cents: Great Britain, demand 4.8!)%: cables. 4.80%; 60-day bills 4.88%: France, demand. 4.65%; cables. 4.65%: Italy, demand. 6.26%; cables. 5.26%. Demands: Belgium. 16.86%: Germany, free. 40.23%: registered. 26.00; travel. ui-i.OO: Holland. 54.73: Norway. 24410; Sweden 25.24%: Denmark. 21.86: Fin land. 2.17: Switzerland. 22.81%: Spain, unquoted Portugal. 4.46: Greece. .90; Poland. 18 96: Czechoslovakia. 3.49: Yugo slavia. 2.34: Austria. 18.73n: Hungary. 19.86: Rumania. .75: Argentina. 32.H3n: Brazil. 8.86'«n: Tokio. 28.57: Shanghai 75: Hongkong. 30.50: Mexico City. "7.80; Montreal, in New York. 100; New York in Montreal. 100. n—Nominal. CHICAGO PRODUCE. CHICAGO February 23 ■.■TV—Butter. 8.603: steady: creamery: Specials (9,1 scorei. 34a34%: extras i92t. 33%: extra firsts (90-91). 33%: firsts (88-89). 31%a , 32%: standards (90). centralized carlots, | 33% Eggs, 10.525: steady: extra firsts, local. 21*2: cars. 22: fresh graded firsts, local. 21%: cars. 21%: current receipts. 2u34 Poultry, live. 1 car. 25 trucks, steady. Hens, over 5 pounds. 17: 5 pounds and less. 17%: Leghorn hens. 13. colored Springs. 19: Plymouth and White Rock. 21: colored fryers. 22; White Rock. 22: , Plymouth Rock. 23; colored broilers. 23; | Plymouth Rock. 25: White Rock. 23: bare 1 backs. 18: Leghorn chickens. 13: roosters, . I 13; Leghorn roosters. 12; turkeys, hens. 20: young toms. 18; old. 15; No. 2 tur keys. 15: ducks. 4% pounds up. white and colored. 20: small, white and colored. 1<: geese. 13, capons. 7 pounds up, 22; less ,hPotatoes!11!56: on track. 293: total 0. S 1 shipments. Saturday. 846; Sunday. 16; ] Monday. 509. Old stock, dull slightly , weaker undertone supplies moderate, de- | mar.d very slow Sacked, per cwt.. Idaho I Russet Burbanks, 0. S. No. 1, 3.40a70; * small to medium. 3.25; U. S No. 2. 2.<5: > Colorado Red McClures. U. S No. 1. few sales. 3.27*2*36: Minnesota cobblers, certi fied seed. 3.10; Wisconsin round white. U. S No 1 few sales 2.45: 0. S commer cial 2.20a25: Michigan Russet Rurals. 0. S. No. 1, car. 2.50. New stock, slightly stronger: supplies moderate; demand fairly 1 good track sales, carlots and less than carlots. bushel crates. Florida Bliss Tri ! umphs 0. S. No. 1. 1 90a95; few U. S. No 2. 1.95 (correct, account demand lor U. S No. 2). a crate. Potato futures—Idaho Russets. March No. 1. 3.77: March, grade A. 3.68; April, grade A. 3.87. NEW YORK PRODUCE. NEW YORK. February 23 OP).—Butter. 11.826: steady. Creamery, higher than extra. 34*2835*4: extra (92 score*. 34a 34%: firsts <88-91 scores). 32%a34; sec onds (84-87 scores). :i0*2a32; centralized (90 score). 33%. Cheese. 40.760: steady. ■ State, whole milk flats, held fancy 1936. 22*22%. Eggs. 15.158: barely steady. Mixed colors: Special Dacks. 24a24%: stand ards. 23%: firsts. 22%a%: mediums. 21%: dirties. No. 1. 21%: average checks. 19% a2(i: refrigerators, firsts. 20a21; sec onds. 19al.‘)% . ... Live poultry, by freight, steady: chick ens: Rocks. 19 Leghorn. 13. Fowl: Col ored. 19a21: Leghorn. 15al7; roosters. 12: turkeys, 16a24: ducks, 15. FOREIGN MARKETS. LONDON. February 23 OP*.—Stocks closed with a firmer tone in late dealings as supporting orders came into the market, following a weak early session. Gilt edged securities finished slightly higher and trans-Atlantics also advanced. The government's large defense plans dom inated speculative operations and Mexican oil shares also continued unsettled. Rails were quiet, while base metal stocks re acted under profit taking. PARIS.—International shares closed ir regularly in the Bourse today and the tone was heavy Rentes continued weak, show ing net losses of 7n to 100 centimes. Royal Dutch dropped 137 francs and Bank of France was 145 francs lower. CRUDE OIL PRICES. TULSA. Okla.. February 23 OP).—Base crude oil prices: Mid-continent area— Oklahoma-Kansas. gravity scale 98c to $1.30: North, North Central and West Central Texas, gravity scale, 96c to $1.20; East Texas. $1.27. West Texas (Permian Basin*, gravity scale. S4c to $1.08- North Loulsiana-Ar kansas. gravity scale. 90c to $1.22. Rocky Mountain area—Salt Creek. Wyo.. gravity scale. 98c to $1.30. Eastern area—Pennsylvania grade (Brad ford-Allegany). $2.57; same grade in Southwest Pennsylvania lines. $2.32; same grade in Eureka lines. $2.27; same grade in Buckeye lines. $2.12; Corning, $1.42. Key’s Nose Drops contain selected, balanced lngredi ■ #■■■ ents of proven value in re M£ tiering minor nasal irrita ,|K ^p V tion and congestion. Ephe ■llg ■ drine, chlorbutanol. menthol and other tested drugs com m m bine in forming a sate mlJlP pleasant remedy for th» prompt relief of these an noying nasal affections. * To prevent many colds ... i _ to relieve nasal congestion. and check colds before the^ nirllUV develop further . use vvivn §sjiafcNo“ bB°p& AT ALL GOOD DRUG STORES SPECIAL DIVIDEND _ . _ | 15 Cents a Share Ordered in Addition to Usual Common Payment. By the Associated Press. NEW YORK, February 23.—Rem ington-Rand. Inc., office equipment makers, declared a special dividend of 15 cents a share on the common stock and regular quarterly dividends of 15 cents in cash and 1 per cent in com mon stock, all payable March 26 to holders of record March 10. The di rectors also declared the regular quar terly dividend of $1.12*4 on the pre ferred stock, payable April 1 to hold ers of record March 10. Walgreen Co. Directors of Walgreen Co., operating a national chain of drug stores, de clared a stock dividend of 50 per cent in common stock on the common con tingently payable March 9 to stock of record March 2. The contingency in the payment date is due to possible delays arising from filing of registra tion statements covering authorization of additional common and new pre ferred stock with the Securities and Exchange Commission. Chicago Flexible Shaft. Directors of Chicago Flexible Shaft Co. placed the capital stock on a $4 annual basis with the declaration of a quarterly payment of $1 a share. Previously the company paid $2 an nually with extras. The dividend is payable March 29 to stock of record March 19. Washington Exchange AFTER CALL. Capital Traction 5s—$500 at 96 >4. National Bank of Washington—5 at 135. SALES. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. Anacostia & Pot. os 77 79 Anacostia & Pot Guar. fis. Ill C. & P. Tel. of Va. os _ 104 Can. Traction R R 5s ... 96 97 City & Suburban 5s _ 86 88 Georgetown Gas 1st 6s_120 Pot Elec. Pow. :t:.s __ lot'. Wash. Gas os 1958 lo53. 107 Wash. Gas 5s 19ti0 J23's 125 Wash. Rwy. & Elec 4s U>6'.4 _ MISCELLANEOUS. Ool Country Club 5*78 . lofi W. M. Cold Storage 5s_ 100 _ STOCKS. PUBLIC UTILITY. Amer. Tel. A- Tel. (9> _ I7fi’« Camtal Transit Co. bio's 1634 N. & W Steamboat (g61 . 110 _ Pot. Elec. Pow H'. nfd. <81 Mills _ _ Pot. El. P. 5'sG pf. (5.50)-*ll3Va Wash Gas Lt. Co i.'t.HOi 84 88 Wash. Ry. & El. com (36) *725 Wash. Ry. & El. nfd. «S1 *10944 ill BANK AND TRUST COMPANY. Capital (4)_135 _ Liberty (4» 140 _ Lincoln 1(6.25)_ 200 _ Riggs (81 345 _ Riggs nfd. (51 _101 _ Washington (6) __ 133 _ Amer. Sec. & Tr Co. (eS) 285 _ Natl. Sav. A- Tr. 145 Pr Georges Bk. & Tr ( 50) 18 21 Wash. Loan A Tr. <e8i . 275 310 Bank ol Bethesda (h.75>_ 34 _ Com. & Savings ia8i 205 _ FIRE INSURANCE American 16)_100 _ Corcoran (5) loo _ Firemen's (1.60) zb28 _ National Union (.60) 16 _ TITLE INSURANCE Columbia (.30)_ _ . 12 17V4 Real Estate (61 . 160 _ MISCELLANEOUS. Camel Coro. (2.00i 22 26. Lanston Monotype 141 95 Mergenthaler Linotype )$) *54 64'8 Peoples Drug S. com. (*1 00) 57 60 Peoples Drug S. pfd. (6.50) 114 Real Est. M &G. pfd «••.70) 5 6t« Security Storage (5) 120 125 Ter. Ref. & Wh. Corp. (3) 60 Wdwd. A* Loth. com. it 1.50) 68 78 Wdwd. & Loth. pfd. (7>„ 120 125 •Ex dividend, t—Plus extras. §50c paid May 15 1936: 50c paid All*. 15. 1936: 60c paid Nov. 16. 1936. a—extra e—7G extra, f—l's"e extra. K—1 *7 extra paid Dec. 15. 1936. h—75c extra ••26c paid June 30. 1936; 45c paid December 22 1936 zb—50rc stock dividend. -4 CONSTRUCTION GAINS. NEW YORK, February 23 C^»).— Contracts awarded on current con struction projects in the process in dustries total $4,554,000. compared with $4,394,000 a year ago. Chemical and Metallurgical Engineering, a trade publication has announced. Cur rent proposed work and bids asked were placed at $4,045,000, against $15,025,000 in the like 1936 period. Racing greyhounds are being shipped from the Irish Free State to South African tracks. LEXINGTON WINS I’ve stopped at atl the baiter Mew York betels, but glue me the Lexington I've Mod all Mo better New York hotels, fctrt the Lexington wins with me,'No wonderthls famous hotel wins new Mends every day. Its conveniencs and comfort will make yon onlay •very minute of your visit to New York. The service is smooM and efficient. And Me 801 cheer ful moms am as low as 83.50 a day. Lexington Features Every room with radio and bath. 3 blocks from Grand Central. Near Radio City and smart shops. Garage in connection. Famous orchestras play nightly in Me gay Silver Grill. HOTEL LEXINGTON Sth STREET at LEXINGTON AVENUE. N. V. Charles E. Rochester, Manager National Hotel Management Company, Inc. Ralph Hits? Pmidrat 'S • UPTURN IS REVEALED IN CUSTOMS RECEIPTS By the Associated Press. NEW YORK, February 23.—Rising customs receipts have kept pace with the upswing In all Government Income during recent months, the latest daily Treasury statement Indicated. Total revenue during the 1937 fiscal year to date have increased 15 per cent over the previous year, while im port tolls have been marked up 16 per cent. Customs receipts for the period end ing February 17, compared as fol lows: This month. $24,475.5173 This month, last year.... 19,796,408 Fiscal year 1937_...... 282,384,102 Fiscal year 1936_..... 243,563,678 Sharp Break at London Adds to Confusion in - Domestic Market. By the Associated Press. NEW YORK, February 23.—Lead ing sellers of copper for delivery in the United States stayed out of a confused market today while they watched violent gyrations In metal prices in London. Nominally the domestic quotation of the red metal was 14 cents a pound, to which It was advanced last week on an excited wave of world buying attributed partly to expectation of increasing armament demand. But the home price was more than a cent and a half under the world price, despite a sharp setback in Lon don, and little metal was reported changing hands in this market pend ing a settlement of the uncertainty. The export quotation changed so rapidly, following a rise above 17 cents during yesterday’s holiday in this country, home sellers were un willing to quote until the atmosphere cleared. Meanwhile, metal shares continued to hold the spotlight in the stock ex change. Anaconda, Kennecott, Cerro de Pasco and other mining stocks opened a few cents to about <2 a share higher, extending last week’s sharp gains, but yielded part of the rise later as United States Steel, Chrysler, Du Pont and Westlnghouse fell sharply. A block of 40,000 shares of Park Utah Consolidated Mines, with ex tensive proporties in Utah, changed hands at the opening at $7.50 a share, up more than $1. On the commodity exchange copper futures spurted .30 to .72 of a cent a pound as traders speculated on the chance domestic sellers would follow London with another mark-up of a cent or so. LONDON, February 23 OP).—The price of copper broke the equivalent of 1 cent a pound in the metal exchange today following yestei day's hectic riaa of more than 2 cents to the equivalent Of 17 cents a pound. About 5,000 tons changed hands at today’s figure of £65 2 shillings 6 pence a ton, equivalent to 16 cents a pound. Conditions In the market were quiet with the turnover about half that of the previous session. Tin continued its advance, closing at the equivalent of 61 cent a pound, compared with #0.8 cents yesterday. A total of 500 tons was sold. The establishment of official con trol was hinted to halt the London Metal Exchange’s lusty boom In prices for materials of war. Operators feared, however, a threat that either the government or author itative financial Interests would fix prices or take other measures to curb the rapidly rising values and virtually end a free and open market. W&J. Sloane 711 Twelfth St. The House with the Green Shutters Always high grade, never high priced Thp Fpbruary Sale Ends Saturday Ni^ht It's a February Sale—and there can be no extension. Regular prices will be restored March first. This means you have only four days in which to enjoy the truly important savings. You may, however, make such selections as you wish —and with a small deposit they will be held for delivery at such later time as suits your convenience. ' 8-piece Bedroom Group A modern rendition, tem pered with oil the charm of the 18th Century period. Solid maple, finished in the popular blond tone. Twin beds. Regular Price $295 $250 Cocktail Table In the Chippendale motif with the cabriole leg design, genuine Honduras manogcny construction. Top inlaid with leather. Regular Price S25 $21.25 End Table Also of the Chippendale school; genuine Honduras ma hogany; fitted with convenient shelf in base. Regular Price $15 $12 Drop-Leaf Table Copying on original Duncan Phyfe Drop-Leaf Living Room Table; genuine Honduras ma hogany. Typical Phyfe brass claw feet; two convenient drawers in top. Regular Price $65 $55 English Burton Sofa Luxurious Roll-Back Model; exposed frame genuine mahogany; cushions down-filled. Tailored in effectively figured linen. Regular Price S20S $165 Chippendale Sofa One of the most graceful of this master's models; carved cabriole legs; ball and claw feet; genuine down filled cushions; tailored in green damask. Regular Price $195 $148 Chair The Martha Washington. Exposed frame is solid Cuban mahogany and the upholstery « in eggshell damask. ' Regular Price $45 $38.50 ] End Table That serves as a practical book table. Chinese Chippen dale lattice design; con venient shelves and finished with red leather top__ Regular Price $24 $20 Cocktail Table t8th Century period; genu ine Honduras mohogony eon- , •♦ruction, delicately inlaid witH sotinwood. Regular Price 120.10 $17 * French Provincial Group It partakes of the rural thought of the sophisticated period. Genuine walnut con struction, finished the soft rust-brown shade. Interest ing hanging mirrors' Com plete in 8 pieces, including twin beds. Regular Price $360* $298 Convenient Charge Accounts Arranged. Courtesy Parking at the Capital Garage. Store Hours—9 to 5:30. Telephone District 7262.