Evening Star Newspaper, April 17, 1924, Page 28

REPUBLIC STEEL AROUSES MARKET| Report of Earnings Causes Aetive! Dealings in That and Other Issues. Adams Exp (8).. Ajax Rubber. ... Alaska Juneau. . lAlC& Dor (7). | Alis-Chalm (4). T | Allis-C M pt (7). | Am Agri Cher. . IN BUYING LIST | 4o Acri chem pt — | Am Bosch. ....... | Am BrS& ¥ (5) Sugar Common- at New Low for | Am Can 16). Y | AmC&w 13y All Time. |AmC&Fpr (). SHORTS Open. High. 6% 764 5% 1% | Allled Chem (4). 67% 6 Am'Chatn A (2). " | Am. & ¥ P.25% pa | Am Fortpa... | Am Hide & Lea. . | #™ Aide& 1ot Am Internati. .. Am Locomo (6) Am Radiator (4) | Am Saf R (502). Am 2m & Re (5) Am S & T pf (7). | Am Snufr (12) Am SH Fiys «3; 4| Am Sugar. . thr Am Sugar pt (1) ir| Am Sumat Tob. _|AmT& Tel (9) Am Tohac ( . | Am Tob B (12). Am Tob pf (8). Y Wt Wis | Am W W pr (6) Am W W 1st (7) Am Woolen (7) Am Wool pf (7). Am Writ F | Am Zine. Anaconda - | Arn Cons & Co. . Asso Dry Q (5) | As=0 Ol (1%). ATT&S Fe (6). |AT&SFpf (5). 1 Atl Fruit et 1ustin.Ntahols Austin-Nie (7 Lute Knitter. | Auto Sales Hald Loco (1)... Hal & Ohi (5) .. Bal & Oh pf (4) “rnedail A onilas Min. . BY STUART P. WE Special Dispateh to The Star. NEW YORK, April ~The Repub- lic Tron and Steel report for the first arter stirred up a good deal of bu | shares on the st for it was u,-.»pn.]. what all the doin a ing in the s exchange today as an index of companies had b Because Republic ned common sh in the i months, it would not have been to s it was running at n nual rate of more than §12. Norm in the second hall year, cially in the final quarter business falls off. As for wwith i per cen profits arc steel g $3.06 Iy and _th the the espe- steel ccond mills e th bound Showing Exceeds Expectations. Still, Repub bwing was b muct unfill Dex of Mareh @ poir Bethle in on the from_ &8, incre as well as 1, the buyin from the « United Goodrich n was p nts whie two companics In bot L-quarter earnings icient to cove red dividend ven, particulariy the Goodrich pres the rtubber industry Wworst of its depression autlook s better Brk-Man Tr pf.. r Common Slumps. 3 Br (10) n made w while con- | ped in the vas in recog- intimations r the company hind on exrning o or th her buyin ks of the Cub followed the polnting to a than has been the t and trustworthy crop S | Cer de PasC (4) Chand Mot (8) . Ches & Ohin (4) | Chicago & Alton & Alton pi. hic & East [ c Gt West o Gt Wes o M & St Ch Mil & St ! | Chi & Nwn (¢ Ch & Nwn of (T) Ch Preu T (5) “hic R T & Pac Ri& P oroe> Wall Stre ports ncre: last s Detroit ployment we t somu Studet had other members of the atic Yellow sther during the sell into effect om T group. anufactur- tumble to of SNmost s at Pntly e edrn fp. Th ré the stock has hee comparison with and_ th stre which selling s, PRICES TEND UPWARD. Pre-Holiday Dullness, However. Noted on Stock Exchange. Colo Southern. ... | cora et 280 Col Carben (4) Com Solv A (4) Com Solv B (4).. Congoleum (3).. | Conley Tin ¥oil Consol Cigar Consol Gas (5) Consol Textile Cont Can (4) “ontl Motors(20¢) YORK. April 17.—Although irregularity, stock ended the and pward Low were s, Mixed led in the motor list, Wil preferred gaining 1% and Studebaker losing ground Short public tion of increased pendent steel favorable trade reports, of the buying power brought ut fractional advances in leading dustrial , Baldwin, General tes Rub- ber and all moved ahead. Motor shares proved in tone, with the exception of ¥ Cab ‘and Stud r. An iner American Water Works part preferred dividend stimu ity in the common stock vanced 1%. Active cline iy Tquidat at in movements prevs | Cosden Co | Crex Carpet Crueible Stl (4) Cnb Am Suz (3). Cu Am Su pf (7). Cuban Cane Sug }-€ub Cane Supf . Cub Dom Sug pE. | Dan!Boone M(3) | vavidson Chet. | Del & Hud (9). | De! L& W (6).. Det 14 Co (8) Devoe 15t of (7). Dome Mines 12y DuPtdeN (3). East K (15%) Eaton Ax (2603, St Bat (15%) nd-Jotin (5) Erie. .. . Erie 15t pf. Famous P1 (53 . Famous Plpf (8 Fitin Av I3 (64c) Fisher Bdy o) Fish BOpf (3).. Fisk Rubber. ... Fisk Rubpf A. . ¥lehm'n (13%). cove: ased on rnings companies a ional ¥n; 1924 low ‘hanges open Pre-holida the morni od to ihen, - Short-covering movement ass larger proportions. Buying orders o well: distributed over -the list with the steels maintaining leader- ship of the advance. Further recov- Touch e common moving up 17 | Eoandation (£). and the preferred 3 points. Gains of | Freepuri-Texas a point or more were registered by | Gen ATC pf (7). more than two-score issues, including | ;=n Asphait United States Steel, Bethlehem, Cruci- | Gen Bakinz (6) and Re Ste Baldwin, | Gen Cigar (8) il | Gen Etec (5. and the 1 | Gen Elspe (80c) Norfolk and [/Gen Mot (1.0} Cri pre- | Gen Mot pi (6) a | Gen Mot ab ¢ Gen Petroleun Gen Refr (). - . - Goid Duél(‘;‘. i Goldwyn Plct. DIVIDENDS DECLARED. Goodrich. Stock of | Goodyear Df. Kecord. | Granby Conol - | Gray & Davi APRLIT| S North pf (55 . | Gr Nor Ore (3). Gr Canan Cop | Guantan Sugar. Gulf StSu (5. Hartman Co (4). Hayes Wh'l (3). Homestake (6) Houston Oil Hud Mot C (3).. Hupp Mot C (1). a 4 Tobaceo Moto! na Amer ck, Chandle Pazabie. May 1 an nreferred Tuion T 51 e Bited - Raiiways tric Co ot more. 4, 7 Western Ra bama, s, Heretofo wero paid at 3% wemi-anngall Atianta L and Seat Railroa, April 16 May © ¢ comme ilway of a April 2 June 39 June 111 Cent pf (6) indiun Reflning Inspiration Cop. Interb Rap Tr Internat Ag pt int Bus Ma (8 Int Cement (4) | int Com Eng (2 rate 3% semi-annually Sinefair - Consolidated Corporation. common and §: Common . Preferred Wil & Co., a. 25 e 1%% common . st. Lawrence Floar Milis. 4. 1% commen and 159 preferred . Tobaceo_ Progucts 9. S cldss A Gray & Davh Natlonal e May 1 May 1 May 5 April 50 int Mer Marive.. Lot Mer Mar pf.. internat Nickel Iuternat Paper. . 1t Shoe (4) ... fnvincible Ofl. . .. Iron Products(6) Jones Bros Tea. . KC P&L 1st (7). Kan City Souta Kayser Jul & Co. Kayser pf (8) Keily Spr Tire Kelly Springfd pf. enge Cop (3) .. Kress SH (7 Laciede Gas (7). Leh Val'(3%)... Leh Val rights Aprit 19 May 1 April 23 Corp., June 30 May 17 Apri 21 May 1 May mr y ;2 P rate of $3 annually. . ¥. Goodrich Co., q. $1.75 preferred . z American Water Works o B ot %o i ; Taitos *prefcieed™rund regular quarterly §I on 7% prefe; s Previous rate on ticipating preferred was gl June 21 Lima Loco (4).. Loews Inc (2) . Loft, InCorpor. . . Loose-Wiles Bis. Lorillard (3)... Louis & N'sh (5) Ludium St (2).. Mcintyre (13.. %! Mack Trucks (8) o0 824 1 6% 49 0t 8% 94% 34% 974 86 . 210% 2 1 23% 12% 104% 4 24% 2% 4% $6% al% 23% 8h 3% 123 35% 3% 14% 42% 21% 25 19% 22 89 14 45 38 230 95% 415 5% 112 434 92 100 it Eaes 4% 1% 14 21% 1% 13% 4% 64 27% 13% ¥ig 68%% 3615 5% 48% 8% =3% 124 Llinois Cent (7). 101% 101% 105 4 25 22% 4% 86% 42 287 Inter Har pf (7) 106 106% 84 1% 12% 35% T8% 148 g 22% 95 195 22 89 14% 45 38 230 3% 41% 2T 2¥% 584 16% 5% B3% 85% 91 Lig & My pf (7). 115% 115% 38% 6% % Low. 6% 5% 14 675 1z, a3 o2 85 24% 23% 94% 34% Close. T6% B% 13| Market St Ry. 687 12 a3 92 9 24% 23% 76 99 156 4% 113 3an 20 514 100 s 344 9TUN 9T 56 210 11 14% 67% 36 35 48% 67% 28% 11% 101% 1047 4 24% 22% 45 85% a1 23 106% 8 3% 1214 5% 3% 14% 42% 21% 9 19% 22 89 18% 45 375% 280 93% 41 27 115% 58% 16% B 53% 35u 91 86 212% 11 144 f21, 965 41 27 13% 81 68% 36 354 48% 68 3% 1% 101% 105 4 25 22% 4% 8434 a1t 23% 10634 8 314 12%% 5% 3% 14% 44 22% 95 19% 22 89 14% 45 3754 230 93% 4L 28% 115% 581 16% 5% NEW YORK STOCK EXCHANGE Received py Private Wire Divect to The Star Office Open, High. Low. Close. 404 40% 40 40 28 28 27 £} 8 5% 364 85% 5% 497 40 10% 10% 17% 17% 17% 17% 217 21% Aty A% 284 28% 23 <% 1 1 12% 12% 29% 89% 235 234 2013 81 1024 511 83 Man EI Sup (4)., Maracaibo OIl.." Marland OU. ... H Martin Parry (£). Maxwell Mot A... Maxweil Mot B.. Mex Seaboard. .. Mex Seaboard cf, Miami Cop (2)... Middle 8t OH Midwale Stee! . Mian & St Loul Mis Kan & Tex. ., Missouri Pacifte. Missour! Pac of.. Montgom Ward.. Moon Mot (3).... Mother Lode (1) Nash Mot (6) . Nat Biscwt (3. Nat Dairy (3) Nut Dept Store: Nat En & St Nat Lead (8) . Nev Cona Cov. NOrT&M (7). NY Alr Br (4) ... NYABra ). N Y Central (7). N ¥ C-Read res. VY € & StL (6 Ny CESIL pf(8). NH & Hart.. N Y Ont & West Norf & W (18) .. North Amer (2 North Am pf (3) North Pac (5)... Ohio By & BI. Nkl Pr#& Ref. Ontario Min, x Hoslery. Otiy Mavat (8). i Steeel.. ., is Steel pL. Owens Bot €3 Pacifie Develop .. PacG & E(8). “acific OIl (2) . rd (1.20) Pan Amer (4). /. Pan Amer B (4)., arish & Bing. . . "enn Rallrd (3) Penn Seab Steel. Peoria & Fast Pere Marq (4) Pere Mar pf (5) . 40% 10% 18 17% 22 2% 115 12% 394 234 8 102% 39 128% 13 17% 5 574 49% i 100% 3% 75 84% 17 16% 127% 23 447 61% 1% 2 65 23 "hila Co pf (3) “hla & R&I.... Phila & R&I ctf: 111 Mor (500) hillips Pet (2 ‘lerce-Arrow Pierce Ol... Pierce Ofl pt... Pitts Coal (4. Pitts Coal pf (8) Pitts pf 1.6 (= & West Va P& W Vapt (6). Postum Cer (4). I'ress 8t1C (4) ... i’rod & Refiners. *ub Ser NJ (4. Pub SNJ 7. ub § NJ pf (8). Pullman Co (8) .. i'unta Al Su (5). Fure Ofl (1%) Ry Stl Spg (8). .. Itay Cons Cop. 42 41% 16 39 B4 1% 21% 59% 981y 2% 434 934, 0% 474 271 “ 97% 99% 115% 58% 22% 107% 10 fan 19% teplogle Steel . Remington Type., tep Ir & Steel 0ids Spr (%) 3 Tob B (3) Tobpf (7).. ia Ins A (8) Roy D'tch (3.48) 5t I San Fran. St L-San Frpt. St L Sothwest. St L S'th pt (6) ~“avage Arms, 36 58% 48% 98% Seaboard Alr cab'd Alr Lpt Roe & Co Sencea Copper. Shattuck-Ariz, 1T Ol (1) 19 841 1% % 17 nms Pet. c Con O (23 Con O pf (8). 54 e i 24 57% 79 90% 58t 2 11 45 So P Kico Su (6) *h Paec (8)... suthern Ry (5). South Ry pt (8) cer Mfg. ... Stand Mill (5). st O11 Cal (2) NINT (1) 36% StONNJpf (7). 117% 18 ((1: baker wi rine Boal <uperior Ol. . Sweets Co of Am. lexus Co (3). v Tob Prod pf (7) rranscont Ol Twin City pf (7) Underwood (3). Un Bag Pa (8) Pacific (10) Union Ol. ... . . on Fac pf “nited Drug (6. ‘td Kruit (10) . USCastiron P . USCLP pt (7) U S Distributing. U S ind Alcobot USR&Im (8) USR&Ipf (7) U S Rubber. . US R 1st pf (8) U'S Steel (16%). U S Steel pf (7). U STobpf (7)... tah Copper (4) Utah Securities.. Vanadium Corp. . Va-Caio Chem... va-Caro Chpf. .. Va Ry & Power Vivaudou (2) Wabash....... Wabash pf A, Web & Heilb (1). West El pf (7). West Maryland. Western Pacific West Pacpf (6). 62% West Un Tel (7). 106% West Alr Br (6). 89% West E& M (4).. 60% Wheel & L Erie. 8% Wheel £ L Er pt.. 17% “Wh Eag Ol (3).. 26% White Mot (4)... 51% Wilson & Co. 10% Wil&Copf.... Willys-Overiand. Willys-Over pf... Wis Cen ctfs Woolworth (8).. 313 Weolworth wi(3) 79% Worthing#ump.. 25 Wright Aero (1). 974 Wrig WJr (3)... 86% 86% B86% 264 Yellow Cab (3,.. 68 68% 58 59% fPartly extra, {Payable in preferred stock. Dividend rates as given in the above table are the annusl cash payments based ou the Istest quarterly or half-yearly declarations. 17% 25% bl% 1% 41 8 69% 87 316% 80 25 « 9% 40 8% 67 37 318 9% 25 9% 25 9% Unless otharwiwn noted, extra or special dividends are not iucluded. High, Low. Last. Call Money . o 4 4 HOURLY SALES OF STOCKS. - = 1p.m. 344,300 2 p.m.. 430,200 From the Youngstown Telegram. Conversation jn a drug store: “Gimme o tablet™ Kinda tablet?" “But what's the matter with you!" “1 want to write a Jetter™ 27%4 85% | 354 | 4% 28% 20% B3 821 26% % | their hands no 58% | U. S. BONDS STRONG IN TODAY’S TRADING First Mortgage Rails Uniformly Higher and Some Indus- trials Gaif™ | ABSORPTION OF NEW ISSUES Outside Japanese Issues, Foreign Securities Firm. | : BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, April 17.—Strength and activity in United States govern- ment loans featured today's bond market. Under vigorous buying new high records for the year were made by the liberty first 4%s and the liberty fourth 4%s, both of ;which sold at par, and the United States Treasury 4% s, which bettered its previous high for the year. At the same time the market for high-grade rails and In- { dustrials broadened out. First mortgage rails were almost uniformly firm, and higher prices were pald for such industrials as United S s Steel sinking fund 58 and Indiana Second-grade railroad bonds, such as Rock refunding 4s uthern railway | 48, likewlise found a ter market. Reflects Money Conditions. All this show of strength in invest- ment securities was undoubtedly i reflection of money market conditions. Auother helpful influence was the continued good absorption of Dew 1ssues. A furtheg fractional loss was sustained by the new Japanese obli- gations today, but the market was well support, and the old Japanese 4s of 1921 showed onmly a fractional loss, | Oatside the Japanese ign bonds were firm again today, cially the French. Of the latter T%'s seemed Lo be in greater mand than’ the 85 Speculative rails were mostly high- r. New Haven bonds were notably trong on the announcement that the in the first quarter of 19 t operations | for April will show a surplus. St | Paul issues were a little higher. The | recent heaviness in St. Louis n | Prancisco income 65 was explained | today as a result of some large profit- taking sales. | Industrials Irregular. | Industrials were irregu Ameri- can Sugar Refining 6s sold below par, | but rallied later. There was further | neaviness in the Wilson & (o Today's new issues included 000 Alabama Power 6s ot | $12,500,000 Pacific Gas and Electric | 5145 at 96 to yield 5.78 per cent | {ssues, for- 'SEE NATION FACING | INDUSTRIAL PEACE | Labor Department Officials Say Existing Labor Controversies Are of Minor Grade. Industrial ng other vears | greets the nation th ar as spring opens into summer. Labor Depart- ment officials, concerned in |labor controversies involvin:, }numbers of workmen, today find on major luoor troubles, no strikes or walkouts of far- reaching character ronfronting them. There are still something over 13,000 railw shopmen classed as “on | strike” from the roals which el ployed them in the spring of 19: | Just before the shopmen's strike |July 1. 1922, was called. The workers, however, are employed in | other jobs, wjth employment in the railroad trades constant. Recent with | of a middle western road with thou- sands of miles of track, | about §,000 workmen. Two years ago the nation faced a disastrous and long-drawn-out strike in the coal fields, which became a grim reality bey forecasts of those who saw a major | industrial strugsle. The strike was tled in September, and t t been disturba s since, although a str «d_for this sprin k of the nation’s dependents—is assur inder the of the Jacksonville agreement. Although scattered here and there throughout the country are a few sporadic labor {roubles, there is not a so-called “sore spot” 'in any of the 2 industries. Stéel. coal. and other great industries firm foundation of peace and no apparent diminu- tion ,in the demands of business for their produets. So say Labor Depart- ment officials, who are in constant and close touch with industry every- has a_great {are on e GRAIN AND PROVISIONS. BALTIMORE. Md., April 17 (Spe- 1).—Potatves, white, per 100 Ibs.. 75 150-1b. sacks, = 1.25 potatoes, bbl., §.00a10.00. bu., 1 nd yams, bbA, Asparagus, ts, crate, Lettuce, bu. $0a4.00. 2. Onions, Spring onions, rsnips, basket, s, h: per, 2.00a4.00. Pep- crate, '3.00a5.00. _Radishes, hu., 1.00a3.00. Spinach, bu., 50a76. Squash. crate, 4.00a4.50. Tomatoes, crate, 2.00 a5.00. Turnips, bu.. 40850, _ Apples, packed, bbl, 1.75a5.00: o 50a1.40; les, 1.7582.25. Grape fruity box, 1. Oranges, box, .23 23.75. Strawberries, qt., 25a50. Settling Prices on Grain. Wheat—Np. 2 red winter, spot, red winter garlicky, ¢ -10; no quotations on No. 4 . 8 red winter, garlicky. No sales, Corn—Cob, new,’ 4.25a4.30 per bar- rel for yellow and 4.10a4.15 per barrel for white; No. 2 corn, spot, 89; No. 3 corn, spot, 86: track corn, vellow, No. 3. 30, Nomles. o ats—No. 2 white, 56%as7; No, 3 white, new, 553456, " ;o RYE—Nearby, 70a80; No. 2 rye, spot, Hay—Receipts, 140 tons. A large proportion of hay on sale here at pres- ent is more or less damased and poor in\quality, in consequence of which prices are irregular and grading equally #o. Demand is fair for sound hay ol mcdium to good quality. Low grade and damaged hay dull’ at any Quotations: No. 1 timothy, 27 4 per ton; No. . 3002700 G clover, 23.00a24. No. 1 clover mixed, 25.50a26.00; No. 2 clover m|xe‘d‘m f’:/ll a2.50; No. 1 clover, 26.00a26,40 Straw—No. 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rye, 18.00 220.00. No. 1 ‘wheat, 18.00a18.50; No. 1 oat, 17.00a18.00. —— RAW SUGAR STEADY. NEW YORK, April 17.—Raw sugar was steadier and unchanged early to- dnly‘. (;;‘x:ll! was q\lollea l‘tfls.lb. duty paid. There were sales of 5,000 f Cuban to an operator. Kt Price movements in raw sugar fu- tures were irregular, and trading was of an. evening-up character, First prices were unchanged to 3 points lower, but values rallied later on coy- ering, and at midday thero were 1 to 1£1 Knlnll net higher. l No further changes wera reporied n ry ined prices, wnich gre listed at from 8.00 fo 8.25 for fine Refined futures were Island | I | Rio de Jan 8s 1947. | Salvador 8s "45. o Paulo City | Zurich s; | Am Sug ref 6s.... |AmT & Tcv bs |Am T & T el trbs.. 22 ON NEW YORK UNITED STATES BONDS. (Fractions _represent Example: 98-3 mgans 98 3-32.) Lib 3% Lib 1st Lib2d 4 Lib3d4 Lib 4th US4%e1962. Argentij Argenti Austria Belgium 7 Belgium 6s. Bolivia Bordeaux Brazil 7 Brazil Brazil 7 Canada Canada Cana Canada Chile 8s Chile 85 Chile 7s Chinese Christiania 83 Copenhagen 5 Cuba 5%, X Czechoslovakia 8. 10 Danish anish Denmark 8 Denmark 6s. | Duteh E 1 5% | Dutch Eas. T 6w'47. | Dutch East I 6562, | Finland s f 65 1945... Framer! French | French Haiti 6s. Japanese 1st 4 1. Japanese 2d 4% | Japanese 4s : Japanese 6148 w 1. 3! | Jergens U M 65 '47. 75 Lyon 6s Marseil Netherl Norway Norway | Orient Dev deb 5. Paris-Ly's-Med 6s. Prague Rio de J 0 Pau Seine D. Serbs Crotes Slo 8» sons 6 3 eden 198 1946 | Ud Kingm 5tes "2 | Ud Kingm 5%s 37 Urug: Ajax Rubber 8s Am Agr Chem 6s. |'Am Agr Chem (%3 | Am Cotton Oil § | Am Smite R 100 5 Am Sml |AmT & | Am T & T deb 533 | Armour of Del 5 | Col Gas & El 5s sta. Commonwth P 6x. settlement of the shopmen’s strike on | Con Coal 3d 1st 53 is ‘expected to | | | Goodyeur 8s 1931 | Goedyear §s 1941.. | tilinois Bell 1st s, | Indiana Steel 5s. .. | Int Mer Marine 6 | inter Paper 55 '47... 3 |KCP&Lt5sAS2. o S | Kan G & E16s°52.. rlnulllo.d. l,'“.t" Am wrt peace of a degres far | AnacondacvdbTs nce the war | Anaconda 1stés... Armour ociaf previous | Bell Tel Pa 5s..... vears with settlement of varinus | Beth Steel 5%s'53. large | Beth Steel rf 5s. | Beth Steel pry Beth Steel s 65... Brier Bt St 1st 5% Bklyn Edison 7s D Bklyn Ed gen s. Bush T Cahf Pe Central Consum involving | Caban-Am Sug $3. Cuba Cane cvd \s. | serve as a basis for adjudication of | Cuba Cane cv 75 '30 | the dificulties involving other roads. | et Edison ref 68 | Du Pont de N 7%3. | Duquesne Light 6s ond_the pessimistic | Est Cuba Sug T3s. Empire Fisk Rubber $3 1ien Ele 300dric Hers Humble Kayser Kelly-8 Lackaw | Liggett & Myrs 5s. Lorillard (P) §s. Manati Sug sf 7%s Marland Oil 7%s.. Midvale AMontan: Morris&Co 1st 4%s N Y Eu: NYG EL H&P 5 NY Tel NY Tel NY Tel North A North Ai Nor Sta Nor Stated Pow 6s. | Northw: Otis Ste Otis Ste! Pacific Gas & Elbs PacT & Pacific T & T 68 '62 Pan-Am Pete 7 Phil & Rdg C&L Phila Co 5%s 3 Phila Co ref Us A. Plerce-Arrew 8: Pierce Oil deb 88 Produe Public Pub Ser Punta Alegre 7 Saks & Cost Sinclalr Sinclair Sin Crude Ol1 5% Sin Crude Oll 6s. Sin Pipe Line Gs... South Bell Tel 68, So Por Rico Sug Ts Southw Steel & Tube s Tenn Elec Pow Tide Wat O1l 6% Toledo Edn 1st 78 Unlon Bag & P U § Rub 1st If bs. U S Rub U 8 Steel Utah Pow & Lt Va-Car Va-Car Warner ‘Warner ‘Western Elee 5s... West Union 63s. Westinghouse Wickwire Spen Willys-Ov 6%s '33.. Wilson Wilson&C ov 7% Wilson Wineh le,ll‘ BAR SILVER QUOTATIONS. NEW §4%; Mexican dollars, 49%. ‘LONDO! 23 5-16 Mone; three-wonth bills, 3 Received by Private Wire Direct to The Star Office. RAI LNOA&S. Sales. High. 8T% 87% 83% 98 84% 101% 88 85% 81% (Sales are in $1.000.) i Atchison gen 4: Atlantic CL 1st 4s. AtlanticCLecl 4s5.. B&Oprin 3% thirty - seconds. Low. Closs 2 Balea High. 115 99a7 09+4 99-7 118 100 99-29 99-31 %s... 1855 99-31 9928 99-30 %M... 1358 100-8 1005 lm 4%s.. 452 100 99-30 1 168 101+ 101-1 101-9 FOREIGN. Bales. High. Low. Close 3 101% 101% 101% . 63 90% 90% 22 90 90 24 101 101% 99% 99 101% 102 109% . 109% 884 88k 80% 81 80 804 4% 94% 97% 9% 100% 1004 101% 101% 997 99 99% 997 103 103 105 103% 96 96 41 41 108% 108% 591, 891y 9415 94% 96% 6% 106% 106% W% 107% 108 108 9415 04% 86% 87 91 o4 93% 63% 89% 89w 90 90 99% 99% 95% Ebw 90% 91 97 5T% 97% 974 8% T9% 60 90 % Bl% 81 915 11 935, B&Oref bs. B &0 PLE&' B &0 SW div 3149, B & O Toledo 4 Bklyn-Manhat Buff REPItt 4%s. . Canadian North 78 15 Canad North 6%, Canad Pac deb 4s.. Car Zlinch & O 6s. “ar Clinch & O 6s. Cent of Ga 6s. . ‘en*ral Pacific “hes & Ohic cv 5 Ches & Ocv 4 %s. Ches & O gn Chi & Alfon 3 Chi & Alton 3%s. Chi B&Q gn 48 '58. Chi B&Q 1strf 5s, . Chi & E 11l gn 5s. Chi Great West 4s. C M & Puget Sd 4s. ChiM &St Prf 4% ChiM & St Pcv 5s. ChiM & St I’ 48" Chi M&S P cv 4348, CM& St Pogn 4%s, ne 7s. ne 6s°37. s, s o 58 192 5% 19: 681931 58 1952 1926.. 1941, 1943, . Gov Ry 58 o M erelanxSaGahiamuna 61 Munic 82 A 12 Manic 85 B ChiR 1 & Pacrf 4s ChiT H & SE bs. .. Chi Un Sta 6%s. .. CCC&StL rf 63 Cleve Term 5%s. Cleve Term 5s. . Cuba RR T%s. Cuba R R 68, Del & Hd 18t rt 4s. Del & Hudson 5. Den & Rio G cn 4s. D & Rio G imp bs.. Det United 4 %, Erie 15t con 48. firis con ext 7s Erie gen 4 Erie conv 4s Gr Trunk sf db 6 Grand Trunk 7 Gr North gen 7e. .. r North genbs. . Hud & Man ret 6 Hud & Man a) 111 Central 5% Int Rap 1ran . nt Rap Tr 68 stpd. Int Rap Trans 6s.. int Rap Tran 7i int & G Nor aj 4 17 92 152 11 ican 7%s. Govt 83 Govt 7% ®Sa st 80% 91ty 11 93% Ba% EdNW 3% T4k Bd% Ban 106% 105% 100 100% 93 93 2 92 1004 100% 98'5 98le 99i 994 87 87w T T 821, 8214 1 102 1125% 113 97% 9T 107% 107% 1005 100% 104 1044 11 111 MISCELLANEOUS. 3 86% 86 4 95% 5 9 le ands 6s Ss.... 65 1943. T%s © an 8s 1946. © sSeRavoamad lo State 8. ept of 78. . 6s. e Kan City Ft S 4s onfed Kansas Clty S 38 Kansas City S 58 Lake Shore 4s'31.. Lehigh Valley 6s. . Louls & N uni 4s... Loufs & Nash 7s. .. Louls & N5sB.... 864% 954 89 87 9214 104 108 9974 100% 120 120 98 8y 93% 94 1001 100% 39 3914 ‘esu 97 95 96% 8ot £5% 89% 89% 98 U8l 975, 92 89% Buy 93% 94 891 893 98 95k % 9 108% 108% a8 s 93 @ 961 96% 947 9474 100% 100% 97% 97 98% 98% 95% 98h 90% 90% 86 86 B8%, 83% i 107% 97% 98 83% 934 105 105 107% 107% 1044 104k 105 105 90% 90% 997 100 100% 100% 94 94 100% 100% 1147 1147 101% 101% 98% 984 941 94% 101 Manhat Ry cn 4s Market St cn §s. M StP & SEM bs. M & T 1st 4 MK &TprinssA. 3 MK&T4sB MK&T6sC MK & Tadj bs Mo Pacific 6s. Ao Pacific 5565 MO pacific mn 4n Montrl Tm 1st New Or Term 4s. .. N O Tex & M in 5s. N Y Cent gen 3%s N Y Cen deb 6s. N Y Cen deb 4s. NYCenrt N Y Cent cn 45793, NYC&StL6sA.. Y C&StLdeb ew Haven cd 6s. ew Haven 7s. Y Ont & W ref 45 Y Ry rf 4s ctfs Y Rys adj 5s ct.. ¥ State Ry 4%s. NY W & Bos 4%, Norfolk & W cv Northern Pac 3s... Northern Pac 4s. Northrn Pacr i 6s. Northern Pac 53 D. Oro & Calif 1st 5s. O Short L cn 5s '46. Ore-Short L ref 4s. Qre-Wash 1st rf 4s Pennsyl gen 58.... Pennsyl gen 4% Pennsyl 6%4s. Pennsyl gold 7 Pennsyl con 4%3s. . Peoria & E inc 4s.. Pere Marq 1st 6s. . Pere Mrq 1st 4556, 2 &R 6. 2 Teltrds.. s 54 18 © Paper 63. & Co 4% ted Ofl 6s. . Bldi 5360 106 .. Leather Gs BRE~ i Gt a ers Pow 55. ® - Rakc G&F Ths. c deb h6%8..... @ e aBreBupnwababate~ .= g Reading gen ds.... Reading gn 4laswi St L IM&S R&G 4s. St L1 M&S 4s°29... StL&SFplasA.. StL&SFprinds. ~ StL &S F inc 6s. St L& S Fadj 6s tL&SFpl6sC.. t LS W con 45°32 StP & KCShL 413, St P Un Dep 5%s.. Seabd A L4ssta.. Seab'd ALref ds.. Seab’d A Lad] bs. . Seab'd A L con éa. Sou Pacific 4s 19 Sou Pacific ref 4s.. Sou Pacific clt 4s.. Southern Ry 1st 58 Southern Ry gn 4s. Southern Ry 6%4s.. Southern Ry 6s ct. Third Ave adj fis. Undon Pac 1st 4s... Union Pac 1st rf 4s Union Paciflc cv és Union Pac 1st rf 63 Virginia Ry st 5a. Va Ry & P 1st bs. Wabash 1st 5 Western Md 4s.... Western Pacific 58 Wheel & L E cn 4s. Whel & LETf 4% 63 19: O&R 5% 95 1015 1015 95% 96% 51% 913 96% 96'¢ 95% 951 1004 100% 100'¢ 100% B88% B8% 95% 95% 7% % 111% 112 591 99 104% 1047 106'% 106% T 92% 92K 967y 974 9% 9% 1025 102% 1073 107% 94 9 98% 984 911 9% 96% 963 91% 91% 1014 101% 93K 93% 91 91 101% 101% 2% T2% 92 92 109% 109% 90 90% 981 98% 111%. 112% 1048610414 1% “91% 87% 8% 98% 98% 98 98 834 83% 954 95% 104 104 93% 93% 104 104% 6% 954 102% 1024 107% 107% | 96% 96% 81 1% 101% 101% 102% 108 8 89 63 63 32 82% 102% 103 9% 95 96% 96% 110% 110% 107% 107% 674 98 9% ) in. pring 8 3 8 bs Steel 5s. .. a Power 68 m 15t 6% ©s°41.. 6349 4%s... m Ed € m Ed 6%s. tes Pow ba. st B Tel Ts. el 7% . el 88. T 1st 6 1p.m.. 9750000 2p.m. & Rf 8s. ervice 68. . Elec §8 Wi. 109% 901 98% 1125 104% 9% 87% 983 98 834 9514 104% 93% 104% 95% 1024 107% 96% s1% 101% 102 894 64 3215 108 95% 965 1104 107% 674 984 0% 76 75 1% 71 101% 101~ 101% 95% 95% 954 Bid. o 4o June 16, 1824 oil Oll 6% Blas 28 b 3 i 45s 8 ClnmSralentinenruEmiaaeunarevaalalomommn- - 100 - 101 5, 1001 December "1 15, 1926, st Bell bs. 1011, ——— FOREIGN EXCHANG! - (S=4 . oo bor 73! 18 £ 61 Moutrea Paris, frane Brussels, frase - T o Ber, matk Chi1%sw. Sug 7s'41. Sug 78°39. & o st 63 & Co cv 6 ter A Tha nBS&P6s. Special Dispatch to The Star. 100 1-32 100 5-16 100% 1007-32 100 132 100 11-16 100916 g 43 904 833 43¢ 90 9TH 61% 8414 65% 624 TOTAL SALES (Par Value): 1lam.. 6714000 12noon 8613000 -10 847000 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon, BONDS 7o ] % | pigs, 74 64% 4% 86% 828 87i% Ti% 2041 993 42 904 83% 103% 103% 101% 102 4% 90 % 61% 8514 65% 62% Offer. 101 816 > Sells DRY GOODS QUIET. 10014 100 13-32 100 13-16 (Quotations furnished by W. B. Hibbs & Co.) NEW YORK, April 17.—Trading in YORK, April 17.—Bar silver, changed. Aprii —Bar pence per @unce. ¥, 1% per cent. short billy, 2%a2 silver, { for 68x72s. raw sl market Discount 18:18 per suptaint ‘per cent . i to noen, }° the cotton goods markets again was quiet today, with prices generally un- Print cloths were quoted at 9 cents for 64x60s, and 10% cents Rusiness lagged in the with delayed cables from Ydkohama tending toward un- unchanged up FINANCIAL. 38,350 BARRELS A DAY CRUDE OIL INCREASE Snm.\p,lry of Industry for Week in U. S, as Published by Petroleum Institute. —_— By the Associated Press. NEW YORK, April 17.—The daily average gross crude oil production of the United States increased 38,350 barrels for the week ended April 12, totaling 1,953,350 barrels, according to the weekly summary of the Amer- igan Petroleum Institute. The daily average production east of the Rocky mountains was 1,293,850 barrels, an increase of 32,850, California produc- tion was 659,500 Larrels, an increase Oklahoma showed a daily average production of 433,000 barrels, increase of 3,000; Kansas, 69,350, increase of 150; north Texas, 71,800, increase of 1,850; central Texas, 209,150, decrease of 1,450; north Louisiana, 43,000, in- crease of 400; Arkansas, 137,100, in- creuse of 15 ulf coast, 96,800, increase of eastern, 101,000, in- crease of 1,000; Wyoming and Mon- tuna, 132,650, increase of 9,650, Daily average imports of petroleum at principal ports for the week ended April 12 were 307,671 barrels, com- pared with 303,286 for the previous week. Daily average receipts of Cali- fornia oil at Atlantic and Gulf Coast ports were 160,000 barrels, compared 75 | erude ofl vania crude, with 128,000 for the previous week. There Were no chauges reported in prices for the major dis 11 niid-cantinent heing from $1.25 to $2.25 a barrel, according to the gruvity of \the oil; Pennsyl: itradford district, $4.50, $1.7 i all other grades, $4. Gu rude, grade “A,” $2; grade “B,” $1. a barrel, and California crude ranges from $i to $1.40, depending on the | Eravity of the oil AGO LIV OCK MARKET. CHICAGO, April 17 Department of Agriculture).—H. Recelpts, 32,000 head ; steady to 10 ! : desirable weighty kind show lightweight off m good and choice, 240 to O butchers, 7.35a7.50: top, 7.55: 70 to 210 pound weight, desirable mostly 10 lowe steady ; bulk better 5a6.25 ;. henvy weight ‘medium . 5 to strong weigh hogs, T | 36ad1; | ing_today. | points higher. | in check by the proximity of the holi dems | October from 25.30 to | vane | cotton iv_hu western belt. "light light smooth, £.70a6. 6.50a6. 10.000 light, 6.80: packing sows, ing sows, rough, 4.5086.25. ttle—Receipts, steads to Strons: most action; early top matured 0; few loads, 11.50al2 weighty steers showing compars high finish rather numerous supply of these from Nebraska: fed steers and yearlings, S. 5 bid on horned Texas; fat she stock bulls steady to weak; veal lower; most vealers 9.00; few, 9.25a9.50; head weighty ard to 4.00; Stockers and | 400 Shares selling at country demand t strong to 15 high a4 feeders, 0a7.75 € i, . . DAIRY PRODUCTS, BALTIMORE, April 17 (Special) poultry— : old roosters, eons, pair, v, £00d to fancy, 33 prints, 41a43; nearby creamery, ladles, 28a30; rolls, 26a2s; packed, 25; dai | ess butter, 3623 as3s; COTTON MARKETS. JRK. April 17. rpool cables and a few ight buyving orders gave the cof ton market a steady tone at the open- Fresh buying was held days, however, and the market was with prices sagging off during | trading under realizing, pro- | the eari (United States | BURNSIDE TO HEAD LOCAL A. I. B. CHAPTER Assistant Cashier Farmers and Me chenics National Bank Booked for Election. EXCHANGE PRICES NORMAI Stock Market to Remain Closed Good Friday. H. W. Burnside, assistant cashic of the Farmers and Mechanics Na tional Bank, will be the next presi. dent of the local chapter, Americus Institute of Banking, and will t nominated for that office next Thurs day night when the annual nomina tions fall due. As in the las years the highest office the lo offers will go to Mr challenged. Mr. Burnside is one of most popular young bankers in the District field, having been prominent in this work for twelve years. He has bee assooiated with the Amegican Inst tute of Banking for six' years, t last two of which he has held jur offices locally. He is now first president of the organizatior particular acclaim was attained chairman of the education: mittee, Other Ofices to Be Filled. In addition to Mr. Burnside's no nation aspirante for the offices of fi and second vice presidents, secretary treasurer, assistant secretary and chief counsel will be selected, in addi- tion to choosing thirty-six Ic ters to represent the Washin ization at the annual conventiot to be held in Baltimore in June. Elec. tions will be held May S. Pleasure will be intermingled with at next week's meeting. The st of u series of radio talks, ar ranged by the national body, will br bankers throughout who have achieved prom severs al body Burnside H country | nence in their profession and will b | received by | n country | 54,190 _Relatively | in @ presidential ¢ First prices were 4 to 1s‘|m9"l comp: ro: | country and decreasea coal tr: the o througly their commit fairs, has arranged type of receiv for the nig! Supply fifteen in number, will be intermittently here, as ing broadcast hapter which, from various ments are being made to 1,000 local ners in." No Material Changes in Prices. A fair demand prevailed on Washington St Sxchange toda with prices showing no material change. Railway preferred was firm at 743, as_was District National Bank at 1623, National Mortgage and Investment preferred was 83 Traction was dull at 83 Bonds were cidedly restric at 1001 and Sale and Potomac dated i The Washington Stock Exchang will remain closed tomorrow. ¥riday, b brough¢ Electric consol Zht tram in the week ended April 5 is reported by the American Railway Associatior loadings having totaled 862,096 cars about 45452 less than the previov week. The drop was attributed to bad weather in certain parts of th The tendency to delay commi Mmpaign v cited by business leaders g the reasons why the volum ward orders is not larger. Equip- ies report that the rai particularly, having put_the carrying equipment in good conditio: are hesitating to buy additional rol ing stock until the election has given an indication of the governmen: : moted by favorable weather prospects | future railfoad policy. and d for cotton goods. v sold off from 30.65 to 30.45, and 14, or 3 to 10 points net lower. Private cables re- ported & narrow market in Liverpool, M Wwith contracts scarce and prices high- | threa times that of 1 |ingots er on pre-holiday covering. ontinued complaints of .a poor | Substantial improvement in Grea Britain’s iron and steel trade 1 is shown in a report to the Bankers Trust Company of New York. Pig iron output was 7,439,000 tons, nearly and stcel and castings §.4§9,000 ton ing off to 30.30 for May |more than twice the amount of 1§21 and for October, points net lower, on weather outlook, pri of covering s accompanied by continucd strong .spot it rallied to making or 17 the to favorable Tie reports of untion. : M & net of n 4 points s closing. The market dy around mid = NEW ORLEA April market opened moderate higher owing to the better Liverpool cables than due and cold weather in First trades were to 24 points above the previous Glose on old crop months and 10 points higher on October. May gained 3 points additional during the call, trading up to 30.73, but Juiy and - October did not gain on the opening sales at 28.85 for the former and 24.65 for the latter month. The | market eased off after th & forecast for generally fair weather in the central and western portions of the belt. May traded down to the level of the previous close and later | months dropped to figures § to 11 poin below that level, October | showing most loss. LIVERPOOL. April —_Cotton— | Spat, moderate business; prioes steady. Good middling, 19 middling, 18.85; middling, 18.35; low middling, good ordinary, 16.50; . ,000 bales, dluding 4,300 Receipts, 9,000 bales, including American. Futures closed barely April, 18.14; May, 17.90; October, 14.84 ;: December, March, 14,0 N CHICAGO GRAIN MARKET. CHICAGO, April 17.—Wheat prices tended upward toda: in the early dealings, traders showing consider- able disposition to avoid the selling side_until it is determined whether the McNary-Haugen measure will be- come a law. According to one au- thority, if the bill were enacted an attempt likely would be made to es- tablish $1.25 and possibly $150 a bushel .as - the ratlo price on Wheat. Commission house buying was of fair volume. The opening. which varied from unchanged figures to %al4 high- er, May, 1.02% to 1.02%, and July, 1.04% to 1.043%, was followed by a little advance all around. Corn was easy in the absence of any aggressive new demand. After open- ing at 's lower to a shade advance, May, 78% to 78%, the market stead- ied at about the same as yesterday's nish. ats were firmer, sympathizing with wheat rather than corn. Initial prices on oats, unchanged to % to % higher. May, 47% to 47%, were later well maintained. American 100 Teeth Used as Ormament. Necklaces of testh and bones were among the jewelry adornments worn by the Assyrians and Babylonians.’ The Phoeniclans, earliest of real trad- ars, wore armlets of beaten gold. Relies of a strange silver alloy made into jewelry have been found in the Solomon Islands, and very ancient finger rings are among the exhibits from New Zealand. The ruins of Pompeii, of course, produced many jewelry ideas And the recent un- overing of the tombs of the Pharachs in Egrpt show that jewelry bas had # place In civilization zines time memorial % ' steadied on a |increased as r-month | a | tion | 20 | Exports of iron and steel during th 4,319,000 tons. Productio; year closed, and mor. idle plants were coming into ope: Plant capacity for the ma ture of iron and steel produc estimated today at possibly 12, vear were 0,000 Net carnings of Cities’ Service Cox pany for the twelve months en amounted to $16.136.5 st ‘315,176,308 in the pre corresponding period, and net to com non stock and reserve was 3§,681,54¢, compared with $7,759,917 This was equivalent of $18.76 a share earned on the average amount of common stock outstanding. N. D. Maher, president of the Nor- folk and Western railroad, is expected to retire on May 1, as he will reach the retirement age of seventy this A. C. Needies, vice president of the road in charge of operation and traflic, probably will be elected as his essor. Action in anticipation of Mr. Maher's resignation may be take at the hoard of directors meeting Philadelphia Tuesda: The Pullman Company has received an order from the Chicago and Alton railroad for two all-steel passenge:r fully | trains of ten cars each, for the Chi cagocSt. Louis service, costing abou $700,000 I F. Loree, president of the Dela ware and Hudson Company, has beer elected a director of tha recently or- ganized Ansco Photo Products, Ine. The National Biscuit Company earned a net profit of §: 31 in the first quarter of 1924, equivalent, after pre- ferred dividends, to $1.23 a share on the $51,163.000 outstanding common stock of $25 par value. Earnings in the same quarter last year wers slightly less. e BOND ISSUE 0. K’D BY L C. C. The Maryland and Pennsylvania Railroad Company was given permis- sion by the Interstate Commerce Com- mission today to. issue $450,000 of first consolidated mortgage 6 per cent bonds and $450,000 in common capital stock. SHORT TERM SECURITIES. Quetations farsished by Redmond & ) . e Alominum Co. of Amer. 7s 1925. 102% . of ‘Amer 7s 1933, 108 opper_Gs_1929. ‘Aaglo-American Oil 7 Associated Oil 6s 1 Bell Tel. of Canada Ss 1925 Canadian Northern Gios 1024, Central Leather 5s 1925 Mil. & St. Paul 6 . B. 1. & Pac. Gigs 1926. Oolumbia Gas & Bl. 1st 58 1937 Du_Pont 7is 1931.. Federal Sugar Ref, 8s 1983. rp. Bs 1827 Kennecott Copper 78 Libby, MeNeil & Libby 7s 1031, M. 80 P. & S, .M 68 1831 Morris & Co. Tis 1980 New York Central 6s 1935. Oregon Short Line 4s 1929 Penna.-Ohio Pow. & Lt, 6s 1926 Penna, R. R. 75 1830, 1 Swirt . Bs 1 Tidewater Ol 6. fank Onr s 1080, U. 8. Wubber Tlas 1060, Western Union_ 6lgs 186 Westingbouse £, & M. 7 Whesling Steel '8 1023..