Evening star., 1942-02-11
Millions in Securities
Go as Gifts al Close
OF 1941 Tax Year
S. {. c. December Report
Also Shows Block Sales
OF Blue Chip Issues
Nv the Associated Press.

~ OrAS S"'f sSS0SS
BY the Associated Press.
The Securities and Exchange
Commission reported today gifts
of securities aggregating millions
Of dollars at current market
prices during December. Such
gifts usually increase at the year
end, many made in anticipation
Of income tax returns.
The disclosure was made In the
S. e. C.'s monthly report Of security
transactions by so-called "insiders"
-ofncers, directors and principal
owners Of corporations.
The largest single gift was 150,-
900 sl1ares Of 8. H. Kress 6s 90.
common stock by Samuel H. Kress
of New York City. The 8. H. Kress
Foundation Of New York received
q gift Of q like amount and OBJ
tanned an additional 69,670 shares
through . bequest. The issue has
been selling at around 424 a share.
Thomas j. Watson OF New York
City gave 1000 shares Of Interna-
tional Business Machines common
stock to q trust for his children.
Norvin A. Green Of New York City
gave away 500 shares Of the same
issue, which has been selling on the
New York Stock Exchange at around
$128 share.
Large Gifts Of Du Pont Shares.
Eugene du Pont Of Greenville,
Del, gave away 1o,50O shares of
i. I. du Pont de Nemours common,
which has been selling at around
$125 a share. Other gifts of that
issue included TOO shares by Lam
mot du Pont, 900 shares by Jasper
q. Crane and 800 shares by w. S.
Carpenter, jr, all of Wilmington,
Del. Eugene du Pont sold 5000
shares of Du. Pont common.
Pierre 8. du Pont of Wilmington,
Del, reported that his entire in
terest Of 49,370 shares of General
Motors common held in trust had
been assigned to charity.
Powell Crosley, jr, Of Cincinnati
gave away 84,480 shares of Crosley
Corp. common, reducing his holding
to "a, 1853 shares.
Glenn L. Martin Of Baltimore re-
ported two contributions totaling
1885 shares Of Glenn /. Martin Co.
oOlnmon.
4 Morris F. La Croix of Boston gave
away 5000 shares OF General Tele-
phone common. G. v. Whitney OF
New York City gave 5000 shares of
Hudson Bay Mining & Smelling
common to his wife. Calvin A. Agar
of Whippany, N. j., gave options for
&c, 900 shares Of International Paper
common to Grace H. Agar.
Jones & Laughlin Activities
L. I. Laughlin of Princeton, N. j.
gave away 5000 shares of Jones &
Laughlin Steel common. B. F. Jones,
Sd, of Pittsburgh reported that he
received dividends totaling 80, 8,454
shares Of the same issue and trans
ferred 10000 shares to an irrevocable
trust. The dividends from the 8. D.
D. Jones estate and the B. F.. Jones,
jr., trust aso'included 6,583 shares OF
j. & L. preferred A stock and 6,583
shares of preferred B stock.
Oliver NJ. Kaufman Of Pittsburgh
gave away $4,000 shares Of Kauf-
mann Department Stores common.
Some important sales and pur-
chases of securities also were re-
ported for December.
Atlas Corp, Jersey City, bought
IA, 500 shares of Radio-Keith-Or-
pheum common, increasing its hold
ing to 981 1913 shares. Consolidated
Oil, New York, bought 15,800 shares
OF Richf1eld Oil Corp. common,
boosting its holding to 1,154,568
shares.
Juan T. Trippe of New York pur-
chased $4,000 shares of Pan Amer
lean Anyways capital stock, increas-
ing his holding to 74,513 shares.
Warner Bought and Sold.
Albert Warner Of New York
bought 28,1OO shares of Warner
Bros. Pictures common, and Jack
L. Warner sold q net Of 9,400 shares
Of the same issue. &.
Alfred P. Sloan, jr., reported the
sale of his entire direct holding Of
General Motors common, amount
ing to 22,171 shares. He reported
the sale also of the entire 1000
shares of Pullman, Inc, capital stock
held through New Castle Corp.
Benjamin j. Friedman of New
York sold $4,000 shares Of Bond
Stores common and gave away
1000 shares.
Isaac D. Levy of Philadelphia sold
19,4O0 shares of Columbia Broad
casting Glass A common stock to
his wife. S. Clay williams Of Wins
ton-Salem, N. c., sold to Junior
executives of the company 1000 of
r. j. Reynolds Tobacco common.
Lawrence P. Fisher Of Detroit re-
ported the sale of 1886 shares of
G. M. c. common.
Woolworth Shares Go.
Mrs. Jessie w. Donahue of New
York sold $4,000 shares Of r. w.
Woolworth capital stock. Hughes
Tool Co., Houston. Tex, bought
13,600 shares of Transcontinental &
Western Air common. Mission
Corp, Jersey City, bought 4,500
shares of Tidewater Associated OIL
common and Carl H. Beal Of Los
Angeles sold $4,000 shares Of the
same issue.
Major acquisitions of Sun Oil Co.
common stock through stock divi-
dends included: Mabel Pew Myrin,
lYour |ncor
NJ Nj % Rid Oahf