Evening Star Newspaper, April 25, 1924, Page 28

FINANCIAL. 28 L= FURTHER COVERING REVEALED IN PRICES Recoveries Noted on Exchange Also Held to Reflect Caution in Operations. STOCKS Rail Issues Featured With C. & 0. in Line-Up. SHIPPING BY STUART WEST, s The April Recovery stock market today. further covering and in part t renewal for the first tin operations for the ris ectal Dispateh fo NEW YORK, continued in the reflecting in part 1 of shor contracts vautious onth of United States Ste ady attinge for next 1 lurger ey dividen ng than rter has ed. But par the «d with samy tri voted at the longe with Steel common street will be quite n additional 50 cen was declared thr his would m Ste today. selling on a last since el Holds Itx Own. m Steel report for the i n 1, but on the kel 1l points o 4 shares the pref ) was drs hut eno betwe i for 1 vidend om 4 10 red up discourage of n the two ip_about other, so th would apeike ¢ supplive have bheen comin Cmand was goins up to push Interni- preferred wl. The the rise W no further el market itself stimates « continued curre jump_in more stock h from its high, n to reaccumulate ving had a opportunity hold- t'extra dividends being re- | ward Swing Analyzed. upward ne of car swing on the q...n». : the explan In the first at the stock exch for any day i was st month | and T pla evidence pplies and arch for an of piling the cons outlet inspired by 1p of mony ‘quent in tmproved outiook and re position with were the underlying cause discomfited short selle ng in their contracts impetuo and they were responsible for t ¢ extreme gains “What happened in the stock mar- et showed that the change which e ved gra y coming ation for the last week a real change. It was nsitory reversal due of an extended fecling over the lization of the the more w not simply : to the retirement short interest. STOCKS MOVE UPWARD. ering operations again were in evi- dence at the opening of today's stock market, which layed a firm tone. National Supply moved up 1% and Bethlehem Steel gained fractionally in response to the increased earnings in the quarterly report, pub- lished late vesterd Oils again were in good Producers and Refiners advance with a gain of one point. With the exception of Kelsey Wheel, iwhi¢h dropped 1 point, to 50, a new 928 low, the general list displayed firm tone throughout the early dealings. Good b upport ap- peayed for all t 1 leaders, abwin, American Studebaker : el selling a point s and U. 1 up more shown demand, Gast Tron Pipe each n ha two points. Ac T further refle crude production can B, Cosden, in on of the resulted Pacific Oil of California sellifig | cher. 24 a Pere top, 1y Forei point hi; rd 2 new ion of s report. lar. Marquette at 463 on able March : &n exchanges opafed ir Reétreat of the short interest was lLagtened by the plethora of money, call! funds renewing at 3% per cent fori'the first time in weecks. While tragling was not in unus large olume, prices vigor- ously from t nt low levels, General Electric ending its gain to arly 4 point United ates fast Jron Piu Otis Ele . National ind Gulf Steel selling 2 to points above el day’s final gquotations. United States Steel moved up 1': points to 99%, he steels, oils, sugars. motors and chemicals ‘all giving xood exhibitions of group strength. Early hesitaney of the rails disappeared when a brisk demand developed for “Nickel Plate, vhich iumped 4 points on speculative cxpgctations of an v increase “in the [dividend. Chesape and_Ohio suovled up nearly ts and Union racltic canceled 'y loss. ited States Steel reaching par,ithe highest fisure in three week the'buffs became more confident of their position and proceeded to bid up prices rapidly against the short inter- st. Popular incustrials of the caliber merican Can, Baldwin and Gulf tes Steel sold 3 points beyond »sterday’s closing, with United States st Iron Pipe rising 4%. Otis Ele- or jumped 5 points. Norfolk and A notable ex- e WOULD PLEDGE $487000 The Chesapeake and Ohio railway today asked the Interstate Commerce Commission for authority to pledge $1%7,000 of general mortgage 4% per °nt gold bonds and $12,896,000 of irst lien and improvement twenty- vear 5 per cent mortgage bonds as se- curity for a note to the federal gov- ernment for $9,200,000 covering the road's obligations * for betterment, during the period of federal contro The debt would be pavable in t ~ecars after federal control terminate earlier, at the option of the read. heen | books | leading the | imulation of | & Adv Rumley..... Adv Rum pf (3). Alr Reduct (4).. Ajax Rubber. 1d Mines. Alaska Juneau.. Allied Chem (4). Allis-Chalm (4). Am Agri Chem. . Am Agri Chem pt Am Beet Sug (4). | Am Boseh. . Am Can 16) . Am Cun pf (T) | Am Chain A (2). AmC&F (12)... Am Droe Svnd Am&r Am For P fpa. .. Am Hide & L pt.. Am Tee (7) Am Internatl. Am LaF 1 i AmLaFpf (7)., Am Locomn (8, | Am Loco pr (7).. Am Metal (3). . Am Radiator (4, Am Ship & Com. Am Sm & Re 5) Am Rt Fites + 30 Am St F pf (7). Am Sugar, Am Sugar pf (7) Am Sumat Tob. . | AmT & Tel (3) . AmTobB (12)." Am Watar Wi | Am W Wt (6) Am Wanien (1) Anaconda Arn Cone & Co Asso Dry G (6) | AsDG 2d pf (7). As DG 1st pf () Acen Ol (11y). . At T&S Fe (8) AT&SFpf ¢5) At Coast L (7).. | AtGuIr&a Wr... At Gulf & Wi pt Atlantic Ref (4) Austin-Nichola Austin-Nie (7) Bald Loco (7).. ial & Ohiu (5) Barnsdall A. Hetn Steel (8) Reth St pt (7) Blumenthal (7). fr -Man Trar Br'kn-Man pf (8) | Burns Br (10> Burns Br B (2) Butte C & Zinc.... Bulte & Superior | CaddoCenO& R Cul Pet (1%). Callahan Z Lead Calu & Ariz (2) .. Calumet & Hecla Can Pacific (10 Cent Lea Co ot CRR,NJ (+12) | Cerde FasC (4) Chand Mot (8) .. Ches & Ohio (4). Chicago & Alton Chic & Alton pf. Chic Gt West. ... Ch Ml & St Faul. Ch Mil & St P pf Chi & Nwn (#).. Ch & Nwn pt (1) Ch Pneu T (5) Chiz RI& Pac. .. CRI&PDL(6). Chi Yellow C (4) . | Cnite Cop (2%4). *hino Copper . | Cluett, Peab (5). | Coca-Cola (7). | Colo Fuel & 1ron. [ Colo Southern. Col So 1st pf (4). | ColG &k (2.60) | Col Carben (4) .. | | 7). Congoieum (3).. | Consol Cigar | Cont Ins (6) Consol Gas (5).. Consol Textlls Cont Can (4) .. Contl Motors(20c) Corn Prod (10) Corn Prod new ... Corn Pr R pf (7) Coxden Co. . Cosden pf (7) ... Crucible St1 (4).. Cnb Am Sug (3). Cuban Cane Sug. Cub Cane Supf. . Cub Dom Sug pf. Cuyamel Fr (§) .. DaniBoone M(3) Davidson Chem. . Del & Hud (9)... De!L& W (6) Det Ed Co (8). Dome Mines (2 Du Ptde N (8)... Du P de N db (6) Eaton Ax (2.60). E1Stor Bat (4). End-John (6).. . | Erie Erle 18t pf. | Erie 2d pt Famous P1 (8) FaM&Spt (7). | Fifth Av B (64c) | Fisher Bdy (10). | ik Rubber. . | Fisk Rubpf A. . | hman (3). ation (6) . GenAmTC (3). Gen ATC pf (7). | Gen Asphait. . Gen Asph pf (5). Gen Clgar (8)... A0 Elec (8) | Gen Ei spe (60¢) Gen Mot (1.20) . Gen Mot db (6) . | Gea Petrolm(7). Gen Refr (4) Gold Dust w. f... Goldwyn Pict. G'dyear pr pf [O) Gray & Davis. ... 3t North pf (5).. Gr Nor Ore (3)... Gr Canan Cop. . Guantan Sugar.. Galt St8tl (6).. Hartman Co (4). Hayes Wh'l (3).. Housen'd Pr (3). Houston Ofl. . Hud Mot C (3).. Hydraulic Steel.. 111 Cent pf (0). ... Indep Oil (25¢). indian Motorcye. Indian Refining.. Inland Stl (2%). Inspiration Cop. Interb Rap Tr... int Bus Ma (8).. Int Cement (4).. int Com Eng (3) Iuternat Har (5) Inter Har pf (7) 1ut Mer Marine. . Int Mer Mar pf... Internat Nickel.. Internat Paper. . Invincible Ol Jones Bros Tea. . Jordan Mot (3).. KC P&L 1st (7)., Kan City South.. Kelly Spr Tire. ... Kelsey Wh'l (6). Kenne Cop (3) . .. Keysteuo T & R.. Kresge S8 pf (7) Laciede Gas (7). Lee Rub & Tire.. Leh Val (3%) Leh Val rights Lig & My (new). Lig & My B(new) Lima Loco (4)..- Loft,Incorpor. . .. Loews Inc (2)... Loose-Wiles Bis. McCror C pf (7). siclntyre (1).. .. Mack Trucks (55 | Magma Copper. | Mailinson & Cc.. Man E! Sup (4) .. Man Elec gtd (4) Open. High. T 31% 6% . 168 33 117 31% 91 53 2% 13% 574 45% 63% 24% 4“ 108% 115 104% 16 121% 86 16% 56 597% 25% 11% 209% 7 47 50 70 39% 95 34 4% 83% 210% 11 13% 83 40% 45% 81% 15 9% 4% b5% 27% 125% B 68 85% 86 82 64 23% £y 105 Th 20 3% 3% 24% 21% 88 41 23% 83% 107 9 33% 124 88 13 21% 23% TH 81% 2% € " 1% T0% 43% B 24% 40 24 45 46% 0% 4 91 1 14Y 25% b1 IDUW Low. Close. % % 31% 81w 724 T2% 6 % 1% 69% 2% 8% 23% 39% 24 99% 111% 23 THE EVENING STAR, WASHINGTON, D. NEW YORK STOCK EXCHANGE Received by Private Wire Diswct to The Star Office Manhat Shirt (3) 36} 36% Maracaibo Oil.. Marland O1l... .., Martin Parry (4) . Mathieson Alkall Maxwell Mot A. Maxwell Mot B. May Dpt 8t (5).. Mex Seabd (50c) Mex Sbd etfs 50c. Miami Cop (2). Middle 8t Of1. Minn & 8t Louls, Mis Kan & Tex. Mis K & Tex pf.. Missour! Pacifie. Missour! Pac pf.. Mont Power (4). \ontgorn Ward Moon Mot (3) Mother Lode ( Nash Mot (18 ) Acme. Nat Biscurt (3) . at Dairy (3). En&St.... Nat E& S pf (7) Nat Lead (8)... Nat Ry,M 2d pt.. Nat Supply (3).. Nev Cona Cop NOrT&M (1 N Y AIrBr (4)... N ¥ Central (7). N ¥ C-Readx rts. NYC&StL (6) . Ny C&SUL pr(6). NY NH & Hart.. N Y Ont & West. Norf & W (18) ... sorth Amer (2) North Am pf (3) North Pac (5) . Nov Scotia Stee! Oh F Sup (2%). OKla Pr & Ret i Elevat (8) s Steel. . itis iSteel pt cific Develop... G&E(8). acific OMl (2) . kard (1.20) Pan Amer (4). Pan Amer B (4) Parish & Bingioc cun Ratled (&) ‘eun Seab Steel. e Marg (4) tere Mar pt (3). “hila Co (4) . Phila & R & I. “hil Mor (50¢) hillips Pet (1) *ierce-Arrow “ierce Ofl. i“ierce Ol pt., itts Coal (4 . “itts Coal pf (6) tts Ut pf 1.65 'rod & Refiners. ub Ser NJ (4). Pub SNJ pf (7). 'ullman Co (8) .. +unta Al Su (5). rure Oll (1% ). iy St Sg pt (7) 4y Cong Cop llcad 2d pt (2) stemington Type. <eplogle Steel ep Ir & Steel. noids Spr (2) 51 L San Fran. . St L Sothwest st LS'thpt (5). vage Arms. schulte (§8) ... seab'd Alr Lpt. Sears Roe & Co... cueca Copper. shattuck-Ariz. soell Cn Ol (1) .. simmons Co (1) . sianma Pet.. Sinc Con OIl (). sin Con O pt (8). weliy Oll. .. sioss-Sheff (6) io P Kico Su (6) E th Pac () southern Ry (5). uth Ry pt (6).. and Mill (5). itOll Cal (2) SLOUNT (1).eu O N JIpt (7). Sterling Pr (4) . W't War (10). Stromberg C (8) . tudebaker (10) studebaker wi.. ubwmarine Boat. -uperior O1l. . Sweets Co of Am. Tenn C & Ch. ~xas Co (3). Tex Gulf (16%) Lexas & Pacific. . Lox & PacC&O. ride Wat Oll (4) Timken (13%) 1ub krod (8). Tob Prod A (7). rranscont Oil. .- tn Pacific (10) i cpf (4)... Un Tank Car (5) (d Alloy Stl (3). ‘uited Drug (6). Utd Dyewood. Utd Ry Invest. Utd Ry 1nvest p! U S Cast Iron P. U S Hoft Mach. U S 1nd Alcohol U S Rubber. . .. USR 1st pt (8).. U SSteel (15%). U S Steel pf (7) .. tan Copper (4). Ciah Securities. . - anadium Corp.. Va-Caro Chem. .. 'a-Caro Ch pf. Va IrC&C pf (5) . Vivadou (82)..... vabash pf A. Wald Sys (1%) web & Heiib (1), West Maryland... Western Pacific west K& M (4) Wheel & L Erle. wn Eag Oll (3) Wahite Mot (4). W ickwire Sp Stl Wilson & Co. Wil & Copf.... Willys-Overland. Wiliys-Over pt.... Woolworth (8) .. Woolworth wi(3) Worthing Fump.. Wright Aero (1). Wrig W Jr (3)... Yellow Cab (5 .. Youngst S&T (5) fPartly extra. 1 Open. 27 34 864 314 41% 11 85% 20% 20 215% 3% 2 107 82 12% 384 62 23 20% 8 929 T b2 31% 21% 9 128% 8 High. 28% 85 8% 31% 42% 1% 86 20% 20% 22 4 2 10% 823 123 391 6214 23% 201 8 27 84 20 32 62 23 100% TH t2n a2y, 28 79 130 13 66% 99 79 116 37% 100% 35% 31% 41% 10% 857 20% 21% A% 10% 12% 384 20% 8 Toh 128% 1% 65% 12% Low. Close. 36% 86% 28Y% 85 A% 81% 42% 1% 86 20% 20% 22 3% 2 10% 82% 125 384 624 23% 20% 8 29 % 1% 27% 28 79 lsu 66 13 1164 100% 314 76 85 17% 16% 121 28 44% us's 150 814 55 g 56% 117% 56% 72% 61% 83% 34 8% 4% 2% 7 41 68% 27 5% 126 34% 55 86% 4% 129% T1% 100 25% e 38 9 29 1% 18 67 28% 1%, 19 54% 68 923, 507% 10% 48, 46 15% 44 46% 61% 43% 42t 16% % 61% | bt 42% 16% 16% 14% 16% 9 1T% 60 8% 254 62 2% 9% 34 8% 68 318 316 80 79 26% 25 10 10 37 86 57 63 63 54% % 9% 34 8% 6844 318 T9% 26% 10 37 57 63 Payable in preferred stock. Dividend rates As given in the above table are the annual cash payments based on the latest quarterly or balf-yearly declarations. Guless otherwise noted, dividends are not included, Call Money. .. extra or High. 3% special Low. Last. 3% 3w HOURLY SALES OF STOCKS. 1lam. - .838,500 152,900 1pm.. 2p.m. —_—— DIVIDENDS. Carporation. Am Metals. Am Metals. Beth Steel. eth Steel § Beth Steel 146 pr. Jersey' Cent. Chem Nat Bik. smond_Mills’pt. Harm Milis 5 celeeceeoicccce Pay- able. June 1 July 1 Juiy lecccce 3 Y 489,000 638,300 | Cengral “Pacifi 874 | % | today. | Jugostav | poin Cane LIBERTIES GREETED BY WAVE OF BUYING Bond Markét Today Features All High-Grade Issues—Foreign List Strong. BY GEORGE T. HUGHE: Special Dispatch to The Star. NEW YORK, April bonds were the feature in today's extraordinarily strong market. A wave of buying carried the first, sec- ond, third and fourth quarters to new high records for the year. The tax- exempt 334s and the Treasury 4%s were likewise higher, with the latter around the record for 1924. High-grade issues were in brisk de- mang While the source of the buy- ing was not 8y to trace, apparently i me from banks and in- urance companles and only a small part from individual inves s. Prices moved up rather « v, ho T, be- cause the floating supply of these | high-grade issues just now is un- usually small. Bonds in demand were of the grade of Atchison genecral 4s, first 4=, Union Pacific first 4%, Pennsylvania consolidated 428 and West Shore 4s, all invest- ments of the most conservative char- —Liberty nd-g ern Rallway outhw Louis- s South- Louis de bond gener consolid : prior lien and refunding 4 hown to the “lega cign bonds also continued The featurs again 85, in which interest s larger in_any ther foreign bond, un to a new higl th r Transactions 614%, the new offe overed further from the loss wing the dissolution of the syn an o were active “rench | government ow the highs of the industrials were more but even here there were + Strong spots. Ajax Rubber 8s, instance, were up more than 2 from their recent low. Cuba 8s and convertible 7s were very for strong. {ana { Tul | higher. | for 1,701 | American | 100" pounds, | hundred, | bunches COTTON MARKETS. NE! YORK, April Further coverini by old crop shorts marked th ning of the cotton market to- First prices were unchanged to points higher. Liverpool made a relatively showing, and early estimates placed the May notices here at_only ) bales. Cotton appeared to he wanted, May s0ld up to 29.90 during the first few minutes, or 35 points net higher, but there was considerable selling of the later months on a private report pointing to an increase of § per ¢ in acreage s Ked the adv d to reactions of during the 3 ber selling off fro about 5 points SW ORLI market pite rather First trades sh points over the May soon traded as 28.03, and Octob 16 “points. No May notic while New York i baies only. Texas | rains "over night, said to be A storm warning for the lower Texas | The market after the start 23 “and here, ued notic on —Cotton—Spot, ood middiing, 18.20; 1685 prices steady. fully middiin 70; low middling, : ordinary, § -including 1,600 American. Re- 21,000 “bales, including 8,000 | Futures closed e April, 17, July, 16 Octo December, : May, 14.33; Ea— GRAIN AND PROVISIONS. BALTIMORE, April (Special).— Potators, white, 100_pound! 150 pounds, 5 yams, barrel barrel, Asparagus. bushel, 2.50a a6.00. 'Kale, basket, 4.0026.00 Celery, crate, 2 crate, 4.00a6.50. Eggplants, 3.00a5.00. Horseradish, bushel, 9.50; doze: 4.00. humel hundred, 4.00 Cabbage. bushel, 2.00a4.25 yabel, Onions, 25a3.75, Spring onions, 1.25a1.50. Peas, hamper, Peppers, crate, 2.00a5.00. bushel, 50a65. Radishes, 100 1.0021:50. Tomatoes, crate, 50a4.00. pinach, 0a5.00. Apples, packed, bushel. 50a1.50; box Grapefruit, bo barrel, Granges, Strawberries, quart, Settling Prices Grain, Wheat, No. 3 red winter, spot, 2 red winter, garlick o a4.30 per barrel per hnrrnl for 874 corn, yellow, for vellow and 4.10ad. white; No. 2 corn, spot, corn, spot, 84%; track % Ryc—Nearby, 10a80; No. ;Tay—necelms. 9 tons. The bulk of the hay on sale here is more or less damaged and inferior and is being sold at rather irregular prices. For good, sound hay in timothy, lover mixed and No. 1 clover there still fair demand at full quotations and no oversupply. 1 timot! 28.00a Quotations: 25.50; No. 2, 27.50a28.00; No. 3 tim- othy, 25.00226.00; No. 1 light clover, mixed, 27.00a27.50; No. 2, light, 25.00a 26.00; No. 1 clover, mixed, 26.50a27.00; No. 2 clover, mixed, 23.00a24.00. Straw—No. 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rye, 18.00a 20 00; No. 1 wheat, 18.00a18.50; No. 1 oat, 17.00a18.00. e, SHORT TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Noon.— Bide Offer. rye, spot, Aluminum Co. of Amer. 7s 1925. Zuminym Co of Amer. 7s 1933 American Sugar 6s 1937. American Tel. & Tel. 6s 1925 Anaconda Copper 65 19529, Anglo-American_Ofl 7ias Associated OIl 6 Central r Chi., Mil. & St. Paul Gs 1t Chi., R. 1. & Pacific u‘§| 1928, Columbia Gas & Fi. 1st 5s 1827, Du Pont Tis 1931 Federal Sugar Ref. fln l?&‘ Fisher Hody Corp. Fisher Body Corp. Gs l 2! Goodyesr T. & RE. 8s 1621 rthern 7s 1936, regon Short Line s 103 0 ha.-OMio Pow. & Lt. Gs R. R, 78 1030. Swift & Co. s 19 Tidewater Oil Gles 1831 Union Tank Car 75 1430. U. 8. Rubber 715 1030, Western Union 6i4e 1936. Westinghouse E. & M. Wheeliag Steel U. 5. TREASURY CERTIFICATES (Quotations furnished by Redmond & Co.) ——Noon.—— Bid. Offer. . 100116 100! - 100518 1t 100 13-16 100 29-32 100% 100 1533 100532 100732 4s Juve 15, 1024. 5%s June 15, 1924. 5tas September 15, 1924.. 43s December 15." 1924 4s. March 15, 1925 e March 15, 165, s Pocem 2 Meren 15, “10m6, o September’ 15 1024, 1003 15 MBS, T 101 Brae 101 4148 December ' 15, 101% 1011582 —— o No government is safe umless but. 101 1132 101716 were o and | g ', | Central Leather 53 a | Empire G&F 7l4s. C., (Bales are in $1.000.) I UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-32.) Bales. High. Low. Olows. Lib3%s...... 243 99-25 99.22 99-24 Lib 1st-24'4%. 40 100-16 100-1 100-16 Lib2d4s... 3100 100 100 Libist ¢Xs.. 485 10010 100-2 100-8 Lib3d 4%s... 3803 100-7 100 100-4 Lib3d 4%s. .. 1214 100-17 100-10 100-13 Lib 4th 43.s. . 1294 100-11 100-3 100-8 US4%s1962. 287 101-20 101-16 101-16 FOREIGN. Bales. High. 6 101% 81 90% 12 90% 17 101% 5 99% 24 102% . 8 88% 23 82 .37 81 95 100% 1015% 99% 99% 104 103% 104 96% 40% 108% 6 90 94 97% 108'% 951 87 9415 894 90% 100 96 78 97 97% 80 oty 77 82 s" Low. Close. 101% 101% 90 90% 90 90 101% 101% 99% 99% 101% 101% 88 81% 80l 94% 100% 101% 995 99% 104 103 1031 9614 40% 108% 89% Argentine 7s. Argentine 65 '37. Austria Belgium Belgium Belgium Bolivia 8 Bordeaux 6s. Brazil 7s... Brazil 88 Chile 85 1946. Chile 85 1926. Chile 81941, Chile 7s 1943... ... Chinese Gov Ry 58 Christiania 8s. Copenhagen 5%a Cuba 6%s. ... Czechoslovakia 8 Denmark 8s Denmark 65 | Dutch E15% Dutch Fasc 1 68'47. Finland s f 6s 1945. | Eramerican 7% French Govt 88 French Govt 7% fHolland-Amer 6s.. | Japanese 1st 4%s. Japanese 2d 4%s Japanese 4s..... Japanese 6 Jergens U M 6s '47 |Lyone€s....... Marseills 6s. .. Netherlands 6s Norway s Norway 6s 1943 Norway 6s 1952 Paris-Ly's-Med 6s. Queensland 7s Queensland 6: Rio de 55 194 Rio de Jan 8s 1947. Salvador 8s'48. .. Sao Paulo State 8s. Seine Dept of 7s. Serbs Crotes Slo 822 Soissons 6s. Ud Kingm 514 s '37 Ud Steam Copen 68 MISCELLANEOUS. Ajax Rubber 85 AmChainsf 6533, Am Agr Chem T3 Am SmIt&R 1st 5 Am SmIt&R 6s. Am Sug ref 68 AmT & T cv 6a. AmT& Tl trSs. AmT&Teltrds AmT & T deb 5%s Am Water Wks o3 Anaconda cvdb s Anaconda 1st Armour & Co Armour of Del 53 Associated Oil 63 | Atlantic Refin 5s. | Barnsdall s £ §s Bell Tel Pa bs. .. Beth Steel 5% 53, Beth Steel rf 5s. Beth Steel s f 6s. | Brier H St 1st 5%, Bklyn Edison 7s D Bklyn Ed gen 0s. .. Bush T Bldg 55 '60. Calif Pete 6%.s. . 924y 102% 98 118 OR! 94 100 £61 6 | Chile Copper 6s. | Col Gas & El 5s. . | Commonwth P 6s.. | Con Coal Md 1st 5 Consumers Pow bs. | Cuban-Am Sug Cuba Cane cvd Cuba Cane cv 73 '30 | Dret Edison ref 6s. | Du Pont de N 7i4s. Duquesne Light 63 Est Cuba Sug T%s. Fisk Rubber 8s Gea Elec deb 5a. | Goodrich 64s. | Goodyear 85 1931 | Goodyear 8s 1941 Hershey 65 1942. Humble O&R 5% | Lilinois Bell 1st 5s. indiana Steel 5s. Int Mer Marine 6s. Inter Paper 58 '47... KCP &Lt 5s AS52. | KanG & E16s°52.. Kayser (J) 78..... Kelly-Spring 8s. .. | Liggett & Myrs 7s. | Liggett & Myrs bs. Lorillard (P) 58 | Magma Cop cv 7 | Manati Sug sf T%s | Marlana Of1 7 Midvale Steel 5 | Montana Power 53 Morris&Co 1st 41 New Eng Tel 58 NY Eusn 18t 6% NYG EL H&P 4 NY Tel N ¥ Tel N Y Tel 4%s. North Am Ed 68 North Am Ed 6%s. Nor States Pow 5s. Nor States Pow 6s. Northws? B Tel 7 Pacific Gas & Elds Pac T & T 1stbs... Pacific T & T s ‘62 Pan-Am Pete 7 Phil & Rdg C&l 5s. Phila Co 6%s '35... Phila Co ref Gs A Plerce-Arrow §: Pierce Ol deb 8. Public Service Pub Ser Elec 6s wi. Punta Alegre 7s. Sinclair Oll 7s. Sinclair Ofl 6%s. .. Sin Crude Oil 5%s. Sin Crude Ol 6s. 8in Pipe Line 5s. South Bell Tel 58 So Por Rico Sug Southwest Bell 63. Steel & Tube 7 Sug Est Orlent 7s. Tenn Elec Pow 6 Tide Wat Ofl 6%s. Union Bag & P 6s.. U S Rub 1st rf Gs. U S Rubber 7% USSteelsfbs. Utah Pow & Lt Vertientes Sug 7 Va-Car Chem 7s... Va-Car Ch 7%s . Warner Sug 7s '41. Western Elec 58... Westinghouse 7s Willys-Ov 6%4s '33 Wilson & Co 1st 63 Wilson&C cv 7%s. Wilson & Co cv 6s. Winchester A 7%s Youngstn S & T 6s. 3 0 Rabroos SOBORRERAESEGS 1024 102% 10715 107% o116 * 913 97 o7 1% 9% 101 101 93% 93% 91 91 lol % 101% 93 90% 98% 98Y L 1 90% 90% 86% 86% 98% 98% 98 98 8274 823 % 95% 95% 104 104 4 92 93y 104% 104% 91 o7 5% 96 102% 102% 96% 96% 9% 79% 101% 102 102% 103 89 89wl 9% 95 61%. 6l 31 31y 102% 102% 9618 961 | & 107% 107% 97% 98 84 84 62% 621 60 60 101% 101% 9% 95 Rl aBwwSa 92% 90 - Go [ PR =TT oo =yt BALTIMORE DAIRY PRICES. BALTIMORE, April 25 (Special).— Live poultry—Young chickens, pound, FRIDAY, APRIL 25a35; leghorns, 25a30; winter, 40a4 springers, 45a55; leghorns, 40a50; old hens, 25a30; leghorns, old, 25a26; old roosters, 16; ducks, 22a28; pigeons, pair, 45a50; guinea fowls, each, 30a60. Eggs—Loss off; native and nearby firsts, dozen, 23, southern, 22; duck eggs, 30. Butter—Creamery, good to fancy, 35a39; nearby ‘creamery, 33a37; prints, 39a41; ladles, 28a30; rolls, 26a 28; store packed, 24a25; dairy prints, 26a28; process bu!fi 33a34. 25, 1924. ON NEW YORK BONDS@ Received by Private Wire Direct to The Star Office. RAILROADS. Bales. High. 58% 88 87% 9814 847 101% 88 85l 82 977 7% 89% 112% 112% 80 94 98 101% Ann Arbor 4s. . Atchison gen 4s. Atlantic C L 1st 4s. B&Ocv 4%s. B & Oret 58 B &0 PLE&WYV 4s. R &0 SW div3%s. 10 Bklyn-Manhat 6s. 233 Ruff REPItt 43%%8.. 9 Canadian North 7 Canad North 6% Canad Pac deb 4s.. Car ~linch & O s. Car Clinch & O 6s. Cent of Ga 6s. . Central Pacific Ches & Ohic cv 5a. Ches & O cv s %s. Ches & O gn 443 Chi & Alton 3s. hi B&Q 1strf 5s.. Chi & E 11l gn bs. “hi Great West 4. Chi M &St Prf 4% Chi M & St P v & Chi M & St " 4s°25. Chi MES P ev 4% Chi M&ST P 4s°'34. CM&StPgn 4%s. CM&StI'db4s. .. ¢ ChiM & St P 6s wi. Chi Rys &s. Chi R & Pac ChiT H & SE fis. Chi-Un Sta 4%s. Chi Un Sta 6%s Chi & W Ind cn CCC&SILrf 6s A. Cleve Term 5143, Cleve Term bs. Colo & Sou 4%s Del & Hd 15t rf 4s Del & Hudson 514s. Den & Rio G en D&RGstrf 58 Det United 4% Erie 1st con 4 : con ext 7 ie gen 4s. feconv4s A. je conv 45 D. Gr Trunk sf db srand Trunk 7s. Gr North gen 7s. “ir North geniigs. . § Green B & W db B, Hud & Man ret fiud & Man aj 5. nt Rap 1ran 5s. nt Rap Tr s stpd. int Rap Trans6s.. 18 int Rap Tran 7s Int & G Nor aj 6 Int & G Nor 1st 6 fowa Cent 1s tn Clty Ft S4 Kansas City S 58 <an Clty Term 4s. ke Shore 4s°28. . ke Shore 45 '31.. -chigh Valley 6s.. Louis & Nash 5143, oms&NSSE.... hat Ry cnds.. 3 St L rf ex 5% M & St L 1t rof 4s, 1 StP & SSM niks. VK& Tist4 MK &Tprin 1K &T4sB. MK &TésC. MK & T adj 5s. Mo Pacific 6 Ao Pacific 58 '65. Mo Pacific gn 4s. Montr] Tm 1st 53 -w Or Term 4 O Tex & M in N Y Centgen 3% Y Cen deb 6 N Y Cen deb 4s. N Y Cenriss. N Y Cent cn 4598 NYCenLScl 3%s. NYC&StL6sA Now Haven cd 6s.. New Haven 7s..... 1 New Haven 7s fr.. 10¢ NYOnt& Wrefds 1 New York Ry rf 4s. N Y W & Bos 47 Norfolk & W cn 4s. orfolk & W cv 6s.142 Northern Pac 3s. Northern Pac 4s. Jre-Short Liref 4s. Jre-Wash 1st rf 43 ‘ennsyl gen 5e.... rennsyl gen 414s. . Fennsyl 6% 5 Pennsyl gol Pennsyl con 4% Peoria & E inc Pere Marg 1st 5 Pere Mrq 1st 4s '56. Reading gn 4%xswi RIATK & L4%s. .. L IM&S R&G 4s. St L1 M&S 4s°29 StL&SFpldsA. tP & KCShL 4%4s. P Un Dep 5%3.. Seab'd A Liref ds. Seab'd A L ad]j b Seab'd A Licon 6s.. Sou Pacific 4s 1929, Sou Pacific ref 4s.. southern Ry 1st 5s. Southern Ry gn 4s. Southern Ry 6s ct. Third Ave ret 4s. Third Ave adj s Union Pac 1st 43 Union Pac 1st rf 45 Union Pacidic cv 68 Union Pac 1st rf 58 virginia Ry 1t 5s. Va Ry & P 1st bs Wabash 1st b: Western Md 4s.... Western Pacific 58 West Shore 1st 4s. Whel & LETf 4343 ‘Wisconsin Cent 4s. TOTAL SALES (Par Value): 11am.. 4846000 12noon 7537000 1p.m.. 9817000 2 pm...10 785000 —— e $3,105,000 Trust Issue 0.K.'d. The Western Pacific Railroad Com- pany was authorized by the Interstate Commerce Commission to jssue 5.000 of equipment trust certi- They will be purchased by uitable Trust Company of New York at par and accrued dividend. N. Y. Stock and Bond Averages. Thursday, April 24. STOCKS. stock sales, 79% Total shares, Twenty industrials averaged 91.47; net gain, High, 1924, 101.24; low, 90.28. Twenty railroads averaged 81.41; net loss, .26 High, 1924, 86.3 659,200 low, 81.00. BONDS. Total bond sales (par value), $12,184,000. Ten first grade rails averaged 86.88; net gain, .26, Ten secondary rails averaged 84.87; net gain, .23, Ten public utilities averaged 87.48; net gain, .06. Ten industrials averaged 9$3.32; net gain, .42, Combined average, $8.14; net gain, .21, - O FINANC WOOL PRICES HELD AS BARELY STEADY Commercial Bulletin Will Say Business Is at Moderate Stage. Exporting Continues. By the Assor BOSTON, cial Bulle “Busine with ted Press April 25.—The Commer- will say tomorrow: continues moderately prices holding no more than markets. Ixport trading continues. Operations in the west have been scattering 2t prices generally rang- ing from 29 to 43 cents In Nevada, Wyoming and Idaho. In Texas twelve months wools have been sold at 46 cents and eight months cli at 41242, Some of the manufacturer: temporarily, at least, appear to be zetting some repeat orders, although not enough to disturb the market or force them to buy wool except at | their convenience, “The foreign markets keep very 1 . Prices are expected to rule firm at London and in the primary marke the sales next week and the week following. Mohair is very firm at the recent {advance. 'The new season is just | opening firm in South Africa.” __The Bulletin will publish the follow- ing wool quotations tomorrow: | Domestic—Ohio and Pennsylvania fleeces: Delaine, unwashed, 55256; half blood combing.’ 56; % bloo blood combinz, fine Blood 'unw.mled 54a55; % A\)E(I, 53ai4; ¢ blood un- | Missour! twelve months, 1.20a gnt months, 1.15a1.20. Northern, ' 1.30; middle : southern, 1.05al.1 1, staple. 1.3 medium co; clothing, 1.15a1.20; and finre eastern 1.20. Montana -— Fine 35; 3% blood combing, bicod combing, 1.05a1.10; % mbing, 92a95 *ulled: Delaine, 1.20a1.35; AA, 1.25a | : A supers, 1.16al.15. “Mohairs: Best combing, 75a80; best | carding, 65a70. CHICAGO GRAIN MARKET. CHICAGO, April 25—Wheat prices showed a moderate ard tendency nday in the . Firmness of quotations erpool gave little encouragement to buyers Trade, however, lacked volume, being for the most part of a local character. Th ich ranged from i . With May 1.02% to 1.04%, ‘was followed gains ail around. pite somewhat cnlarged receipts corn ~responded 'to wheat | strength. After opening at % decline to 3% advance. 6% to 767, the market tur Oats duplicated the action of corn. ; at a shade lower to %a% ad- 7 48% to 46%, and later | continuing to harden. Provisions were v in the absence special demand. Open. Higt . L02% 103 R ETY 1.05% stapl blood e Close. g5 | May | Juiy September DROP IN PRICE OF LEAD. SW YORK, April 25.—The Amer- melting and Refining Company s reduced the price of lead from | “ Washington Stock Exchange. H SALES, s 68 '33—100 st 100%, & Elee. 45—$1,000 at 72. | $1,000 at 72, 500 Rwy. Rikes National Bank 5 Bank of Washington— 3 at 18. at 1521 at 152, 1 Mm‘slllgl\ and Investment pfd.—%0 5. CALL. Potomac Electric Ts of 1841— 31'\00 at 107, National Metropolitan Bank 1 ‘Washington Rwy. & Elec. 45§ UNLISTED DEPT. District Title Insurance—18 at 18 Washington Title Iasurasce Co.—18 at Money—Call loass. 5 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. s. Asked. 815 108 9835 120 & ‘Anacostia 88 . and ¢ Bot. e, Fow, &, & ref. . Alex. & Mt. ¥ Wamh. Alex & Mt Washington Gas 6s. Wash. Rwy. & Elec. D. C. Paper Mfg. 6s.. Riggs Realty os (long). Riggs Realty b (short). Wash. Mkt. Cold Storage 5s. Wardman Park Hotel Gs.. STOCKS. PUBLIC UTILITY. American Tel. & Telga. Capital Traction. Washington _Gas.. Tolk_ & Wash. Steambo Wash. Rwy. & Flec. Terminal Taxi com, Commercial . District . Farmers ‘& Mechan! Federal-American Liberty Lincoln National Second National Bank of Washington. TRUST COMPANY. Merchants® National Savings Tnion Trust Wash, Loan SAVINGS BANK. Commerce & Savings. East Washington.. Security ‘Saviags & Com. Seventl) Stree United _States Washington FIRE INSURANCE. American Gorcoran, remen’s National Union. TITLE INSURANCE. Columbia_Title. Real Estate Tif MISCELLANEOUS. C. Paper pfd... Merchants: Thansicr & Sierage. 110 Mergentbaler Linotype..... 150 Nat. Mortgage & Invest. pfd. 0Old 'Dutch Market com.... 0ld Dutch Market pfd. Lanston Monot; Security Stora, Washington Yellow Cab. *Ex b steady in the castern seaboard wool | combing, | and average | 1.23a | scored a slight general up- | * | resent the IAL. PLANS FCR $1,000,000 BANK HOME BEGUN | s Demolition of 01d Federal Nationa! Building to Start Next Monday. FEDERAL-AMERICAN'S SITE Trading on Local Exchange Today Shows Activity. Demolition of the old Federal N onal Bank building, at 14th streets northwest, which has been liminary to date, will be earnest Monday, making wa elaborate new million-dollar stru which will be erccted on this site | the Federal-American National Ba John Poole, president of the amalga- mated institution nounced this morning. Present tenants of ti which has a frontage of eigh and eighty-four feet, respect |14th and on G streets, will | cated by Saturday night, it w Razing to the ground floor is pected to he completed by the ded“ of Ju the e vation w require an ad onal two and a hailf or three months. It is planned to hav the new building under roof by cember and ready for oceup: May or June, 11 hav greatest’ floor the Capital, Firm Rock Foundation. Core borings, which have been sur pth of 100 et, indicate f rock foundations. Contract for the cons vucuon of th building 11\ he a week, it 4 Harry. y: and W. W. Spaid ference of the 1 New York city. composed of the savings ba the Ohio River and north of Sou arolina. A. L B. Chapter Nominations. Nominations of office of the I chap! American Ins »f Ban! g, were held last with following resul I President, H W. Burnside, cashier of mers and Mechan | National Ban st vice president, Jesse Chaney, {Bank; second vice p | ton Leith, Se !mercial Bank field. Mount night High- Bank: . W. B. Hibbs Ireian, Rige Julian € vings Bank: J. " Bank of Was Yerk Ban and Robert T. Vernon vings ational Ean | Cardin, Northeast & | Hillyard, National 3, and Joseph D. ral-American National counsel, / erman, urity and Trust Com Hoesen, Second National tant secretary, J. Ramsb National Bank,”and W. ead, Metropol! rd of gov v ass Rigzs Wi Bo. tional Ban | eral-Ameri | €. Dulin, jr. Trust Compai | tional Metropolitan | Fletchall, Potomac George Shisler, Security mmercial Bank; Norman Tow Loan American Florence > | Bank. ‘Willer, liggs Delegates to Convention. The following were named to rep- chapter at the mationa | convention to be held in Baltimore | July: L. W. Bealer, William E. Bol e Boyer, Miss ace 1 ley, Calvo, Donald meron, ‘Jease Chaney, I. O. de 1 hmutt, A, Dexter, Victor B. I | Dulin, jr.; John T. Garnett, Ihrr\ ) 2 Tienze, it T, Highfield, Miss Kreig, T. Hunton Leith £.'Mallon, jr’; Miss S. Louise M. Hankin, jr.; Mrs Roberts, W . Miss Lois White, . Miss Mary Willer Winstead, Miss Mild ck, Joseph D). Yerk \fleh and H. W. Bur Business Before D. C. Exchange. Bank stocks were responsible I a goodly proportion of trading on the | Washington Stock Exchange this morning, with strength the prevailing issue. National Bank of Washington was active for the first time it menths, fiftesn shares selling upwar | to 20 while Metropolitan brough: 1270.” American Security and Trus: s unchanged at 3 with Riggs off ral points to 289 Commercial | National sold at 141. | ““Mergenthaler Linotype sold lots at 15 but Washington fractionally stronger at 49. preferred brought 74, Mortgags and Investn was pegged at § 13w ing at 18, District Title the Washington Title at §. Bonds were firm, but dull CHICAGO RENTS MOUNT. Spring Increases Announced, With Many Apartments Tenantless. CHICAGO, April 25 (Special).—Spring rent increases are being announced {in many sections of this city, withstanding the fact that thousands of apartments daily are reported vi- cant. As a result, various organiza- tions of tenants are taking steps to forestall any general upward move ment in the cost of apartments. These organizations ert that cost to landlords for upkeep and operation have not advanced and that rent in- creases are therefore unjustified. Purchase by the municipality of the elevated and surface lines oper: here is under consideration by A Dever and representatives of the tra tion systems. —_— CHICAGO LIVE STOCK MARKET. CHICAGO, April (United States Department of Agricuiture)—Hogs— Receipts, 27,000 head; stron; higher than Thursday’s o mostly on desirable grades slow: big packers inactive; ta 10 cents lower: bulk good and choice 250 to 325 pound butcher: 0a7.40 top, 7.45: bulk better gra 225" pound weight, 7.15 110 to 150 pound weight, 6.6527.10; packing sows, 6.7 killing pigs, steady to good and choice 115 to weights, 5.75a8.2 Cattle—Receipts, 3,000 head; killing classes slow, steady with week's un- even decline; killing quality largely medium; beef steer run includes about seventy ' head experimental fed bul- locks: most fed steers, 8.25a9.50; few eligible to exceed 10.50; liberal supply fat she stock offerings, accumulation from_earlier in week; most fat cows, 5.00a7 few 8.00 and better; some £ood 1o choice beef heifers held around 8.00; bulk, 6.00a8.00; most bologna bulls, 4.00a4.50: few heavies, 4.65 and better; stockers and feeders scarce, in fresh receipts; fully steady with week's 15 to 25 advance. —_—— BAR SILVER QUOTATIONS. NEW YORK, April 25.—Bar silver, 643%; Mexican dollars, 493 LONDON, April 25—Bar silver, 33%d per ounce. Money, 1% per cent. Discount rates—Short bills, 215-16a3 per cent; three-month bills, 31-1a3l per cent. e o PARIS BOURSE TIRREGULAR. PARIS, April 25.—Prices on the ‘bourse today were irregular. Thres per cent rentes, 54 francs 15 cen. times. Exchange on London, 69 francs 60 centimes. Five per cent loan, 70 francs 90 T 2 | | ! not- largely 26,85 ; strong; bulk 130" ‘pound