Evening Star Newspaper, January 26, 1925, Page 20

20 % MOVES ARE MIXED IN STOCK MARKET American Woolen Unsettles List—Heavy Buying in 0il Group. BY STUART P. WEST. W YORK, January 26.—The market today was extremely ed, with iInterest centered in spe- 1 moves mong industrials. The weakness in American Woolen pre- ferred and common stoc! was an un- settling influence and accentuated the eneral uncertainty of the price move- ment. Buying on a moderate scale went on fn a number of the oil shares, while ofit-taking reduced the recent gains ny other directions. The market ppeared to be waiting for leadership to carry t other, and 1ad in m action of the United £ directors at Tuesday's qu Low Priced Ralls Favored. " Buying of the low priced rails was in base xi in part upon the favor- e trafic nents coming out for Dece t more lurgely upon conjectu would be lidations. Missouri, Kansas and Te common pushed across 3 on large trans- o1 It was up nearly 6 points m the low of a week ago, while » preferred at §2 was up 6 points thin the same time. Kansas City ssed , and St. Louis- 0 was taken up, galning two poiuts at one stage. Here ngs were an in- ss showing an in- $£56 the surplus harges, an increase of $59,- s rls compared with the month in Bre St. Paul Report Studied. In view of the optimistic references to the supposed turn in the St. Paul tuation early last Autumn, the fig- es for December and for the com- plete 12 months of 1324 were of much nterest. They showed for Decembes « decrease both In gross and net, the ormer $340 u. the latter $180,000. X the en ar net operating in- ~ome amounted to $18.972,108, against $20,167, 1923, Th apparently means fixed charges were not covered laaves a legitimate ound for inqui as to what was basis for the favorable predictions ptember and October. March Report Feared. selling in American Woolen ipation of a very un- report in March. it is doubtful if end will be shown ca 1. The violence with whi the preferred shares oke today was an even more strik- & feature than the drop In the com- low 50 for the first time. The selling in U. S. Steel and Gen- sral Motors represented merely T king sales in stocks which leaders last week. Only dividends are expected at he U. 8. Steel meeting Tuesday. Best fnion was that the big jump in Commercial Solvents was due to extraordinary earnings. The oil shares went higher early in the day and were better supported than any other group in the later trading. New high prices were the rule in stocks like Pacific Ofl, Phillips Petroleum, Texas Company, Sinclair, which sold above 20, Associated Oil and Skelly, which got above 27. The Street was still optimistic on the oils because until recently, they had taken very little part in the general ad- vance . MAREKET CLOSES UNEVEN. 10 gossip s th preferred divi have been t- had been the usual Marking Up of Call Money Makes List Heavy. NEW YORK, January price movements characterized today's stock market. Textiles were liqui- dated freely on rumors that serious labor troubles were threatened as a result of recent wage cuts, but ofls were under stead) umulation ip reflection of gasoline and crude oil price adv Total sales approxi- mated 000 shares. The closir was ap Can was bid slipped back later developed the gene: mgrking up the ca 1o#s per c gular. Ameri- up to 166% but when heaviness al list on the money rate Markets at a Glance NEW YORK—Stocks irregular; ofis and southwestern rails at new Bonds steady; oil issues strong. «ign exchanges easy; sterling slight- 1y lower. Cotton lower; decreased spot demand. Sugar higher; firm spot situation. Coffee steady; favor- able Brazilian cables, CHICAGO—Wheat generally lower; profit taking. Corn declined; weak cash situation. Cattle firm: broad shipping demand. Hogs steady after early decline. SKOBT TEBM SECUMTIES 1Quotations furnished by Redmoad & Co.) 1023 107 Amcrican Tel. Anl]omm Conper. 6 Asglo-American 0f - d 01l 6s 1 Can R. 1. & Pacific 5 Ist Coi.. Columbia Gas & Coutivental Gas & T Du Pont Tiss 1931.. Yederal Sugar Ref Goodsear T. & R Mums' & Co. New York ¢ Oregon Short Penna. R. R. Western Union ‘Wentinghouse Wheeling St Fisher Body Corp. 8s 1027, called for pay- ment February 1, 1925, at 101%. Tisher Body Corp.” 6s 1028, 'called for pay- mest February 1, GERMAN BONDS AND STOCKS. (Quoted in dollars per milliou marks.) Bid. Asked. Ger Gt (war loan) 50 1914-18. 2080 2100 £ 487.50 "525.00 30 1.00 Ger Gt 8158 1923 (sm pleces) 5 (Quoted fa dollars per thousand marks. Ger Gen Elec 4348 pre-war. FINANCIAL.' THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 63 97% 87% 1% Abitibl Pow (4). Adams Exp (6). Afr Reduct (15). Ajax Rubber.... Alaska Juneau.. 1 Allled Chem (4). 83% Allls Chalm (4). T8 Allls Chlm pf (7) 106% Am Agricul Chm 15% Am AgChmpt.. 62 Am Beet Sug (4 41% Am Bosch. Am Can (18).... 18504 Am Canpt (7).. 118 Am Car & F (12) 200 Am Chaln A (2). 24% Am Chicle. 3% Am Drug Sny 6% Am Express (6). Am & Fr P pf(7) Am Hide & Lea. Am Hide & L pf. AmIce (7)...... Am Ice pt (6). Am Internatl. .. Am La France O Am Linseed. Am Linseed pf Am Locomo (8). Am Loco pt (7).. Am Metal (3)... Am Radlacor (4) Am Ry Exp (6). Am Safety Raz,. Am Ship & Com. Am Sm & Ref (6) AmS & R pt (7). Am Stl Fdys (3). Am Sugar Am Sugar Am Sumatra Am T & Cab (5). AmT & Tel (9). Am Tobacco. .. Am Tobacco (B) Am Tobac pf (8) Am Typ Fdrs (7) Am Wir W (1%) Am W W pf (6). Am Woolen. Am Wool ptd (1) Am Zinc . Am Zinc pt. Anaconda (75c). Ann Arbor pf. Archer-Danie! Arch-Dan pf (T) Arn Cons & Co.. Asso Dry G (5).. Asso Ol (13). At T & SFe (1) &T & SF ps (5). Atl Birm & At.. At] Coast L (18) AtGuif & WI... AtGulf & WIpf Atlantic Refiinin Atlan Ref pt (7) Atlas Tack . Austin-Nicho! Austin Nic pf (7) Auto Knitter Baldwin L (7).. Bal & Ohlo (5) Bal & Oh pf (4). Bang & Ar (3).. Barnsdall A.... Barnsdall B.... Bayuk 1st pf (T) Beech-Nut (3).. Bethlehem Steel Booth Fisherie British Empire.. Bkl Edison (8).. Brk-Man Tran. . Bklyn Man pf (8 Brklyn Un G (4) Brown Bhoe (4). Brunswick-Blke Burns Bro_(10). Burns Br B (2). Burns Br pf (7). Bur Add Ma (3). Butte Cop (500). Butte & Superior Butterick Co.... Caddo Central Cal Packing (6). 102% Cal Pete (1%).. 27 Cluet Pea pf (1) 105 Callahan Zino... 8% Calu & Ariz (2). 58 Calumet & H (1) 17% Can Pacific (10). 149% Cent Leather... 19% Cent Leather pf. 56% CRRNJ (112). 805 Century RIb (2) 367 Cero d Pasco (4) ik Certain-Teed... 434 Chand Mot (3).. 2% Ches & Ohio £4). Chicago & Alton Chic & Alton pf. Chi & EIIIpf... Chic Gr West... Chic Gr West pf. ChiMI1&BtP,. Chi Mil & S Ppf. Chi & Nwn (4).. Chi Pneu T (5) ChiR1& Pac CRI&PPL(8). ChiStPM&O.. Chi Yellow C (4) Chile Cop (2%)- Chino Copper. . - Cluett Peab (5). Coca-Cola (7). .. Colo Fuel & Iron Colo Southern. . Colo Sou 1st (4). Colo Sou 2d (4) .. Col G & E (2.60). Col G & E pf (. Col Carbon (4).. Com Iny (2.50).. Com Solv A (4).. Com Solv B. . Congol-Nalirn (3 Consol Cigar.... Con Cigar pf (7) Con Distributrs. Consol Gas (5).. Consol Textlle. Cont Can (4). Cont Insur (6). Cont Mot (80c) Corn Prod (2).. Cosden Co. Crex Carpet. Crucible Stl (8. Crucible pf (7) Cub Am Sug (3 Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cushmans (3)... Cuyamel Fr (4). Dantel Boone Davison Chem. Del & Hud (9).. Del L& W (6).. DERGWstpt.. Dome Mines (2). Doug Pectin (1). Du Pont (8).... Bastman (18). Eaton Axle Eleo St Ba Elk Horn End-John (5). Erfe....... Erle 18t pf. Erie 2d pt Fatrbks (2.60).. Famous Pl (8) Famous pf (8). Lt .M'll‘ 7). = Federal Mines. . Fed Mines pf (1) 6135 Fid Phoenix (§) 167% Fifth Ave (64c) 13 Fisher Body (n). ¥usk Rubber. Fish Rubber pf. Fieischman (4) Foundation (6). Franik-81 pt (7). Freeport-Texas. 4T% 138 138% 48% 15% 16% 142% 114% 121 6645 10 6914 1% 4313 40 84% 96 108 185 Ger Gen Elec 4135 1919 Rerlin_4s pre-war. Hambg 3s, 3158 & 48 pre- Hamburg Amer Line 4348, North Germun Lioyd 43, North German Lioyd. . Gardner Motor. . Gen Am Tnk (3) Gen ATC pf (7) Gen Asphalt. Gen Asph pf (5). Open. High. 68 7% 88% 1% 1 84t 161 13 65 12 80 834 101% 1043 10% 4% B4 98 baw 994 Low. 63 97% 8T 1% 1 82% 6% 1065 16% 49 40% 407% 163 116% 199% 24% 374 6% 152 88% 1% 10 69 31 423 40 34 95 107 135 22 61 167% 18 64 115 80 j lM\‘i 7 bk 98 5% 995 Close. 63 97% 887 11% 1 83% 76% 106% 107 135 22 61 160 13 64 115 80 83y, 101% 104 10 7 b4y 98 5814 99 Because of the abnormal volume of trading on the New York Stock Exchange at prewent, it is lmpossible to get complete closing quotations in time for the regular plete quotations will be published edition of The Star. Final and come in today's 5:30 edition. Glidden Co...... Goodrich....... Goodyear pf.... Granby Consol... Grt North pf (5) Grt Nor Or> (4). Grt Wstn Su (8) Greene Canan. .. Gulf Mo & Nor. . Gu Mo & N pf 69 Gult St Steel (5) Hanna 1st (7) Hartman Co (4). Hayes Wheel (3) Helme Ger H. .. Homestake (i7) Househ ¥ (1316) Houston Ofl. . Hudson Ms ... Hudson M (3). Hupp Mot (1)... Independ O11 (1) Indlan Motorcye Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr.. Internat Agri Int Cement (4). Int Com Eng (2) 327 Internat Har (5) 108% Inter Har pf (7) 114% Int Mer Marine. 128 Int Mer Mar pf. . Internat Nickel. [nternat-Paper. Int Ry Cent Am, Int Tel & Tel (6) Jewel Tea. . Sewel Tea pf. Jones Bros Tea. Jordon Mot (3). nsas & Guif. . Kan City South. Kan C So pf (4). Kayser (Julius) Kelly-Sprgfield. Kennecott (3). . Keystone T & R. Kresge Dep Str. Kresge SS pt (8) Laclede Gas (8). Lehigh Val (33) Lig & Myrs (3). Lig & Myrs B (3) Lig & Myrs rgts. Lima Loca (4) Loews Ino (2) Loft. Coose-Wiles Bis Loose W 1st Lorrillard (3) Louisiana Oil... Louls & Nash (6 Ludlum (2). Mack Trucks (6) Macy HR & Co. Magma Copper-. . Mallinson & Co. Manatl (5).. Man El md g (5) Man EI Sup (4). Manhat Shirt (3) Manila Electric. Maracaibo Oll.. ‘Market St prior. Marland Ofl.... Marlin Rockwell Martin-Parry 4. Mathieson Alka. Mathieson rts... Maxwell Mot A. Maxwell Mot B. May Dept St (5). 106 Metro G pf (1.89) 18% Mexican Seabd... 17 Miami Cop (2).. 23% Middle States. .. Minn & St Louls Mis Kan & Tex. MK &Tpf (5).. Missouri Pacifis Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 750 Munsingwr (3). sh Mot (111). 19 slu XOl t C1& S pt (7) at Dafry (3).. at Dept Stores Nat Dp St 1st (7] Nat Distillers pf at Enamel & S at Enam pf (7) at Lead (8) at Lead pf (7). at Supply (3).. OT&M 123%.. Y Air Br (4) Y Canners (2) | N'¥Y Central (7). YCStL (6)... Y NH & Hart. . Niagar Fpf 1%. Norfolk South Norf & W (18).. North Am (3.40) North Am pf (3) North Pac (5).. Nunnally (1). Onyx Hosler: . Orpheum (1.80). Otis Elev (15%) Otis Steel. Otis Steel pf. ... Owens Bot (2).. Pacific Mail. Pacific O11 (2) 60% Pac Tel & Tel... 105 Pac T&T pt (6). Packard (11.50). Pan-Amer (4).. Pan-Amer B (4) Panhandle..... Panhandle pf... Park & Tilford.. Penn C&C (4).. Pennsy RR (3). Penn Seab Steel. Peoria & Eas Pere Marq (4) Phila Co (4) Phila& RC&I. Phillip Morris Phillips Pet (2 Pierce-Arrow.. Plerce-Arrow pf Pierce A prior 8. Plerce Oll. Plerce Ol pf.... Plerce Petrol.., Pitts Coal. Pitts Ut pf (1.20! Pitts & West Va Postum-Cer (4) Press Steel Car. Prod & Refiners Pro & R pf (3%) Pub Ser NJ (5). Public Serv rt Pullman Co (8). Punta Al Su (5). Pure Ol (1%). Pure Oil pf (8).. Radio Corp of A, Ry Stl Spg (8).. RSIICels (4). Ray Cons Cop. .. Reading (4) Reading rts. Read 2d pf (2).. Remington Typ Replogle Steel.. Rep Ir & Steel.. Reynolds Sp (1) Rey Tob B (3).. Rey Tob pf (7). Roy Duth 4.42% St Josepn Ld (2) St L & San F (5) StLSanF pf (6)., St L Southwest. Savage Arm: Schulte (8). Seaboard Alr L. Seabd Alr Lipf.. Sears-Roebk (6) 165 Seneca Copper.. 46 OIL OBLIGATIONS FEATURE IN BONDS Highest Values in More Than Year Reached in Today’s Market. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 26.—Missouri, Kansas and Texas adjustments were one feature in today’s trading in bonds. Following an advanoce ‘of over 3 points last week, a price of over 86 was recorded today, being a new high record. Other speculative railroad bonds were active and firm, but in none was the buying persistent as in the “Katy” adjustments. Earnings are very favorable and the statement for the full year is expected to show both fixed and contingent charges covered more than one and a half times, but at 85 the income return is DY 1o means so attractive as it was two weeks ago, when the bonds were eelling just above 7 Sugar Group Strong. Louis-San Francisco income 6s also displa strength, responding to a good December earning report Fractional galns were made also by the ady ent 6s. On the other hand, Scaboard Air Line s, which had such a phenomenal rise last week, showed the effect of profit- taking sales. Chicago and Eastern Tilinofs got up to again within a fraction of the record for the year. Among the industrials there were 4 number of strong spots, some Of them In the sugar group. Cuba Cane 85 sold at 101, up a point and a quar- ter from the low of last week and at a new high for 1925. The same company’s 7 per cent bonds gained three-fourths of a point Manati Sugar 7!is sold above par. Oils Come to Front. Sinclair Ol 6i:s were in urgent demand, at one time up 2 points over Saturday's close. Skelly Oil 6135 also went up 2 points along with the stock. There was good support for the second-grade investment issues, but little change in price. International Mercantile Marine 6s at 90 equaled their best price 1n more than a yvear. The low in 1924 was more than 10 points down from this price. At today's quotation the yield is still over 7 per cent. Although the company has suffered in common with others in its line from the shipping depression, it is understood that operations have much improved of late, and there was never any doubt about the great equities back of the bonds. New Land Bank Issue. Quotations for foreign issues were little changed. The new $10,000,000 Allgemeine Llektricitats Gesellschaft offered today were promptly sold, and when listed on the exchange were traded in at a premium over the offer- ing price, which was 93%, to yield 7.70 per cent. Other new offerings of the day included $1,000,000 New York Joint Stock Land Bank bs, to yleld 4.5 per cent, and $2,500,000 Spring Brook Water Supply first 5s at par. 516,000,000 EARNED -/ BY NEW YORK BANK YORK, January t hears that the First Na of New York, of which George airman and principal slder, earned $16,000,000 last or 160 per cent on fts stock, sel'ing well above $2.000 a The institution, now known Millionaires' Bank of Wall E was considered too poor half a century ago for membership in the New York Clearing House Associa- tion. St e RATES ON BAR SILVER. NEW YORK, January 26.—Bar sil- ver, 68%; Mexican dollars, 53. Southern Ry (5) South Ry pf (5). Spicer MIg. Std Gas & E St Oil Calif (2) SLOINJT (1)... St OIlN J pf (1) Sterling Prd 5% Stew Warner (5 Studebaker (4). Submarine Boat Superior Ofl.... Superior Stl (3). Sweets (new). Symington..... Symington (A). Telautograph. . Tennessee Coppe Texas Co (3)... Tex G Sul (17%) Tex & Pacific. .. Tex & Pac C & O Tide Wat Ol1 (4) Timken (13%) Tobac Prod (6). Tobac Prod A (7 Transcont Oil... Transu & W (3) Un Bag & Paper Union Oil (1.80) Un Pacific (10). Un Pac pf (4)... Utd Alloy Steel. United Drug (6) Utd Drug 1st 3% Utd Ry Invest. Utd Ry Inves pf. U S Cast Iron P. USCIPPf(D).. U S Distributing S Hoft (50c).. S Ind Alcohol. S Realty (8). S Rubber. S Smelting. . . SSmpf (3%) . U 8 Steel (17).. U S Steel pf (7). Universal Pipe.. Univer P pf (7). Utah Securities. Vanadium. . Va-Caro Chem. Va-Caro Ch pf. . Va-Caro Chem B Vivadou. .. Wabash Wabasn pf A. West Pen (4) W Pa Pow pf (7) West Maryland. West Md 2d pt. . Western Paclfic. West Pac pt (6). West Union (7). West Air Br (6). Westinghse (4). Westhse 1st (4). Wheel & L Erie. White Eagle (21 White Mot (4).. Wickwire Spenc Wickwire Sp rts. Wickwire pirts. Wilson & Co. wilson & Co pf. Willys-Overlan¢ Wills-Over pf.. Woolworth /32, 118% u u u U U u K 21% 58 115 104% 16% 23% 85% 91 121 107 5% 83 15% 20% Received by Private Wire ____ UNITED STATES BONDS. (Bales are in $1.000.) Bules. High. Low. 2:30. Lib3%s.... 125 101 17 10115 10115 Liblst4%s 93 10127 10123 10127 Lib2d 43 s. 267 101 _ 100 28 100 80 Lib 3d 43%s. 196 10117 101 14 10117 Lib 4 4%s.. 326 101 31 10127 10131 US4s1944. 150 100 22 100 20 100 22 US4%s'62. 66 104 31 104 25 104 30 FOREIGN. Bales. High. Argentine s A..... 11 95% Argent! .12 9 Argentine 7s 6 102% Austria 7 5 9Th Bank of Japan 6s. 32 99% Belgium €s w1 38 871% Belglum 63%s 14 94 Belgium 7% 22 109% Berne 2 110% Bolivia 14 93% « 8 86 12 8% § 106 10 97% 6 101% Canada bs 1931. 4 102% Canada bs 1952 12 102% Canada 5%s1929.. 11 103% Chile 7s 1942 101 Chile 85 1928 102% Chile 85 1941 107% Chile 85 1946 Chinese Gov Ry Con Pow Japan 7s Copenhagen 5%=. Cuba 5%s. .. Czecho 88 1951. .. Czecho 881952 ct.. . Denmark §s..... Denmark § Low, Close. 95 95% 95 5 102% 102% 6% 9TW 99% 99% 87% 87% 93% 98% 109 109% 110% 110% 93% 93% B4l B4% B4 BAY% 105% 106% 97 97 101% 101% 102 102% 103% 100% 102% 107% 107% 43% 0% 9T 95 99% 100 101% 110% 96% 9644 100% 100% 103% 87 Brazil 7s. 53, DEI5%s Nov 53, Dutch East I 647 Dutch East I 6362 El Salvador 85 48. . Finland s f 6s 1945 Framerican 7% French 7s w { French Govt 733, French Govet Sa.. Germany Ts wi. .. Ger Gen Elec Greek Ts w1, Halti i Holland-Amer és. Hungary 6%s. Japanese 4 Japanese 6348 Jergens U M 6s '47 Mexico 4s Mexico bs ai Netherlands 6s'54. Netherlands 6s '72 Montevideo 7s. ... Norway s 1943 Norway 6s 1 Norway 6s Norway 8 Orfent Dev deb 6s. Paris Orleans 7s.. Prague 7% Queensland 6s. ... Rio de Jan 85 1946. Riode Jan 83 1947, Sao Paulo City 8s. Sao Paulo State §; Seine Dept of Serbs Cr'tes Slo 8s Sweden 5%s ct. Sweden 6s. . Swiss 5148 1948. .. Ud Kingm 5%3'29. 23 Ud Kingm 5% a1 Ud Steam Copen 68 26 Uruguay 8s 2 Zurich 8s 5 MISCELLANEOUS. Ajax Rubber &5 5 94% Am Agr Chem 5s.. 1 Am Agr Chem T%s 19 AmChalnsf6s’'23 7 Am Repub deb 6s. 22 Am Smit & R 1st be 22 AmSmit &R 6s... 19 Am Sug ref 6s AmT& Tcltr Am T& Tcl tr 5s.. Am Tel & Tel 55 wi Am T & T deb 5%s AmT& Tcv 6 Am Water Wks 58 Am Writ Paper 6s. Anaconda 1st 6s Anaconda cv db Andes 78 25% pd. . Armour & Co 4%s. Armour of Del &% Associated Ol 6s. Atlantic Refin 5 Barnsdall s f 8s. 941 100 97% 96 96% 1064 101% s 96% 100% 95 101% 128% 937 464% 100% 103 100 874 91% 101% 981s 105 100% 1% 95 8% 95% B8% 99% 94 101 107% 1004 109:5 100%% 100% 99% 88% 92% 944 100%% 108 7T 924 107 10814 106% 1043 101 106 110 102% 102 108% 119% i 104 100% 97% 9314 1017% 89% 88% 96 99% 102% 9715 90% 98% 117% 125 1004 8944 99% 80% 100% 113% 96% 108% 108% 981, 102 92% 4% 108 4% 93 4% 100\& 974 2615 967 Beth Steel rf 5 Beth Steel 6%s ‘63 Beth Steels f 6s... Brier H St 1st 5143 Bklyn Ed gen bs.. Bush T Bldg 65’60, Callf Pete 6348 Can Gen Elleb 6s Central Leather &3 Chile Copper 6 Col Gas & El 5s. Col Gs & El 6s sta. Commonwth P 6s. Con Coal M4 1st 68 Consumers Pow b8 Cuba Cane cv 7t "3 Cuba Canecvd$s Cuban-Am Sug 88 Dery (DG) s Denver Gas 58 Det Elison ref 6 Du Pont de N 7%s. Duquesne Light s Est Cuba Suk 7%s Empire G&F 7%s. Feder Metls 78 '39. Fisk Rubber 8 Gen Elec deb bs Goodrich 6%s. Goodyear 8s 1931. Goodyear 8z 1941. Hershey 6s 1042 Humble O&R 5%s Illinofs Bell 1st b Illinols Steel 4% Indfana Steel 68 Int Mer Marine Gs. Inter Paper 58 '47. KCP & Lit 55 A '52. Kan G & E1 68'52.. Keyser (J) 7 Kelly-Spring 88 Lackawa 8 63 Liggett & Myr Liggett & Myrs 7 Magma Cop v 78 Manati Sug sf 7%s Midvale Steel b Montana Pow Mor's&Co 18t New Eng Tel b8 N Y Eden 1st 6%8 N Y Tel 4%3 N Y Tel 68 '41. N Y Tel 68°49. North Am Ed 6s. North Am 1d § Nor Ohlo T&L Nor States Pow B Nor States FPo’ Pacific Gas & E153 21 PacificT & T 58’62 8 Pan-American 63. 164 Phila Co 5%2'38 1 Phila Co rot 68 Phil & Rdg C&I Plerce-Arrow 8 Public Service § Public_Bervice 6 8. oo - - o whEEe BN SR wSatianana0eAmeo © - KaBR~maBo - B RS RE 95 954 83% 99% 964 106% 97 Bst Orien Sug 99% Tenn Elec Pow EVENING STAR, WASHINGTON, D. C, MONDAY, -JANUARY 26, 1925. [ o BONDS oo | VIAY WHEAT HITS POLL ON BRANCH Direct to The Star Office. Sales. High. Warner Sug 78’39, 5 84% Warner Sug 7s'$1. 7 94% West Elec 5s. 38 98% West'n Union 1 1114% Wostinghouse 7s.. 6 108% Wickwire Spen 78. 6 85 Willys-Ov 6%s'33. 2 100 Wilson & Cocv 6s. 11 664 Wilson&Ccv 7%s. 16 66% Winchester A 7%s 1 101% Youngstn S&T 34 9T RAILROADS. Ann Arbor 4s 1 644 Atchrson adj 2 ¥83 Atchison Gen 4s... 18 89% Atlantic C Lcl4s.. 7 867 Atlantic C L 1st 48 19 90% Atlan CL 4 914 Atlantic 107% 100 6 87% 90 0% 100% 103% 101% 84% 100 874 87% 117% O PLEWYV 4s. B&OSW aiv 315 Bklyn-Manhat és. ll Buff R & Pitt 4%, Canad North 63%s. Canada Pac deb 48 Car Clinch & O Cent of Ga 6s. Ches & Ocv 41 Ches O gn 4%s. . Ches & Ohlo cv bs, Chi & Alton 3. Chi & Alton 3% Chi B&Q gn 45 '58. Chi B&Q 1st rf 58 Chi & E1gn bs. Chi Great West 4a. 9 Chi M & St P 4525 CM&StP gn 45 's9. Chi M&St P cv 414 CM&StPgn4%s Chi M&St P rf 414s ChiM &St Pev b ChiM&StP 6s Chi & YW 6% Chi & N Chi Rye Gs. . ChiRT& P gn 4s. ChiRI&Prt ChiTHE&S Chi Un Sta 6%s Chl & W Inc cn Chi W Ind 7%s 58 CCC & StLref6sA. Cleve Term bu w . Cleve Term 53%4s. C. & S. st 4s, Colo & Sou 4%s Cuba R R Tiis. De] & Hda 1st rf 4s. Del-Hud cv 5s'35. Del & Hudson 5% Den & Rio G cn 4s. D& RG Ist rf 58 D & Rio G Wst §s. Des M & Ft D 4s Det United 43%s. Erie 1st cons Erte gen 4s.. Erie conv4s A.. Erie conv 4s B. Erfeconv4sD.. Erle con ext 3 Erie Genessec R s Eric & Jersey 6s.. Gr Trunk sf db Grand Trunk 7s. Great North 58 Gr North 54s Gr North gen Green B & W db B. Hud & Man ref 5s. Hud & Man aj & 11l Central ref 4 111 Cent ref 5s 11l C-C St L&NO 65 Int Rap Tran 5s. Int Rap Tr 5s stpd. int Rap Tran 6s.. Int Rap Tran 7s. Int & G Nor 1st 6s. Kan Cy Term 4s. . Lake Shore 4s'28. Lehigh Val cn 4 Long Island rf 4s Louls & N unl 4s.. Louls & N 5s B. Loujs & Nash 513 sManhut Ry cn 4 Market St Ry 7s... Ml El Ry & L 5s. M StP & SSM cn 48 M StP & SSM 5%, StP & SSM 6% K& Tadjs 2 K&TprinssA. 21 MK&TE6sC. Mo Facific gen 48 Mo Pac 58 1926. Mo Pacific 55'65 Mo Pacific Montrl Tin 1st §s, Nassau B Ry 48 '57_ NOTex&Mins N O Tex & M 5s B. NO Tex & M 5%' N O, Tex, Me: N Y Cen gen a 4 N Y Cent cn 4s '98. NY Cent deb 4s... 11 NY Cent rl b8 £ N Y Cent deb s NY CenLScl3 NY Chi & StLb5%s L{ NYC&StLésA.. 13 New Havcd 68 7 New Haven 78 fr. New Haven 78 NY Ry rf 4s ctf: N Y State Ry 4148, NY W & Bos 4%s. 10 Norfoll & W cn 4s 19 Norfolk & W cv 6s. 2 Northern Pac & Northern Pac 58 D Northern Pac r i 6% Ore & Calif 1st bs. Ore Short L ref 4 Ore-Wash 1st rf 4s Pennsyl con 41s.. Pennsyl gen 4%3. Pennsy! gen 53 Pennsyl 6% Pennsyl gold Peoria & E inc 4s. Por RL & P 63'47. Reading gen 4s. Reading gn 4%s M M M M St L IM&S 4s'29. St LIM&S R&G 4s. 12 StL&SFpl4sA.. 21 StL&SFoprinbs. 7 Seab'd AL 4s. .. Seab'd A Li4s sta.. 20 Seab’d A Liref 4s.. 26 Seab'd A L adj bs,. 46 Seab’d A L con Sou Pacific 4s°29.. 31 Sou Paclficref 4s.. 6 Southern Ry gn 4s 1 Southern Ry 1st s 5 Southern Ry 1 Southern Ry 6% Sou Ry Mobile 4s. . Texas & Pac 1st 53 Third Ave ref 4s. ‘Third Ave adj 58 Union Pac 1st 4s. Union Pac 1st rf 48 Union Pac 4s’27 » Brnwns Virginia Ry st Va Ry & P 1st 58 ‘Wabash 1st b Wabash 2d bs Western Md 4s.... Western Pacific 68 West Shore 1st 4 3 RIS 1 82 5 91% Low. Close. 84 Bd% 94% 94% 985 98% 1% 111% 108 108 B4% 84% 100 100 65% 66% 65% 66% 101% 101% 9% 64% 83 88% 86% 90% 91% 107 100 87% 89% 89% 100% 1034 101% 84% 100 874 87% 17% 79% 1067 103% 87% 96 £854 1077 62% 47 1014 £6% 100% FINANCIAE. HIGHEST PRICE YET Upturn in Liverpool Starts Fresh Buying Here—Corn and Oats Off. By the Associated Press. CHICAGO, January 26.—Highest prices yet this season were reached today by May wheat, the chief specu- lative delivery. Advances ranging from % to 1% took place as soon as trading began, an upturn in Liver- pool quotations glving e decided stimulus to fresh buying here. Profit- taking eales brought about a reac- tion to below Saturday’'s finish, but rallies to above the initial range en- sued. Opening flgures wers 1.96% to 1.96% for May and 1. 71% to 1.71% for July and later bulges carried May to 1.96%. Liberal receipts of corn had a de- bressing effect on the corn market and on oats as well. After opening unchanged to % lower, May, 1.32% to 1.32%, corn underwent a moderate general sethack. Oats started unchenged to % off May, 61% to 61%, and then showed losses all around. Provisions were change WHEAT— Muy ... Beptember 110 CORN May. ... without material Open Close. \m’ ~,rmmx~ Y E May .. July September COTTON QUUTATIONS OPEN WEEK HIGHER Advance Only Moderate Because of Poor Reports From Foreign Markets. By the Associated Press. NEW YORK, January 26—The cot- {ton market opened steady today at an advance of 8 to 11 points on over- night buy orders and in response |to steady Liverpool cables. Part of the initia] demand seemed to come from the trade and the advance car- | ried May up to . or 13 points net higher. This advance met some Southern hedge selling or liquidation, howeve and prices sagged off before the er f. the first hour, May re 6 points of S vate cables reported cov- the Liverpool market and ng of new crop positions. he selling after the opening here robably was promoted by cable re ports that cotton cloth inquiry in{ Manchester had fallen off and that business last week was the sma { for some time. New Orleans Quotations. CHICAGO LIVE STOCK MARKET | CHICAGO, Januar J | Department of A Reteipts, §6,000 earlly ) 11.00; b to 300 pound 10.80a10 140 pound 160 to 190 10.00210.40: most 130 ht, 9.00a9.85; staughter p st packing sows, 10 weight hogs, 10.60a11.00. Cattle—Recelpts 000 head eers and yea hipping dema to rong wel, road; killing q | ity largely medium to good; kind | of value to sell at 9.00 andabove showing most advance; early top | handy weight steers, 11.30; some held her; 1,500 10.90; some verages, 11.00; a9.00; compara- v little below 7.30; stockers and 90% 76 94% | 102% ¥9ly 29 99% % 108% 35% 96 9514 931 85 84 23% 84 1% 8518 9% 864 8% 102% 80% 86 B1% % 100% 5 83% 104 95% 94 101 95 65% 65» 9% 9% 82" 82 on country account: of- | ferings in s scarce; fi { she stock stron 25 up: b eady to stron desirable ity cons! | 1argely {to 5 xn 1.00 off on rnprr & vd choice 180 to 190 pound calves table for shippifig purposes, 12.00a some upward to 13.00. heep—Receipts, 19,000 head; dul | few early sales fat lambs around | lower at 18.00a18.25; several decks early to shippers, 18.75; around steady; packers generally bldding. 18.00818.25; fully 25 lower; fat sheep steady: bulk fat ewes, 10.00810.50; feeding lambs steady to strong: most sales, 17.00a18.00. DATRY PRODUCTS. BALTIMORE, January 26 (Spe- clal).—-Live poultry—Young chickens, 1b.. 25a30; Leghorns, chickens, 32; old hens 22a24; old roosters, 17a18; a3f; young turkeys, 40a45 poor and crooked breast 20a28; geese, 22a26; pigeons, pair, 35a 40: guinea fowl, each, 40a85, Dressed poultry—Turkeys, 45: poor and chickens, 25a30; old roosters, capons, 30a40; ducks, 20aZ§; 23a Eggs—Receipts, 506 and nearby firsts, doz., quotations, Butter—Summer: creame 1b., crooked breasts. 17a1s} geese, cases: native no offerings; sood ladles, s but- ¢ prints, GRAIN EXPORTS TUMBLE Grain exports from the United States last week were 1,719,000 bush- els, compared Wwith 3,706,000 bushels the -previous week, Commerce De- partment figures today showed. BUTTER HIGHER TODAY. CHICAGO, January higher; creamery, extra ards, 8715; extra firsts, 36%ad 35a36; seconds, 32a34. Eggs, steady; receipts, 4,974 cases; firsts, 65; ordinary firsts, 50a51; re- frigerator firsts, 44a45. NEW PLANT REPORTED. SOUTH CLINCHFIELD, Va., Janu- ary 26 (Special).—Reports todsy state that,the Dupont de Nemours Co, will locate a $6.000,000 anhydrous am- monia plant here in the southwest Vir- ginia mountains. They will take: over the International Bi-Product Corpora- tion’s buildings, a “war baby,” which originally were worth $12,000,000, it is said. TREASURY cnnncun to} 4 BANKING IS CLOSE Views About Equally Divided, | on McFadden Bill, Now Before Congress. BY CHAS. P. SHAEFFER. Preliminary results of a natic wide referendum on the branch bank provisions of the McFadden bankin bill, conducted by a popular bankers’ magazine, disclose a majority of votes in_favor of the pravisions. Ballots in the form of a post card.. Wwith an accompanying explanator: letter, were sent out to about 30,00 banks. On December 31 9 replies, had been recelved, representing al— most 10 per cent of the total solicite Out of these returns 1,440 banks voted for the bill and 1,339 against if, th afrmative leading by 101 votes. In favor of the measure thers wers 777 national banks, 55¢ State banks and 110 votes that could not. be clas Against the measure were 96) State banks, 226 national banks G 153 unclassified Branches of nal banks w he corporate limits of the municipal ity where the heud office is located and {n those States which authorizd State banks to have branches are ¢ pressly authorized in McFadde measure. . Also, the bill prohibits State ke trom bringing inte. th e b serve system any branches w they have ration beyond the corporate limits of the municipalits in which their head office is ted and further prohfbit . the Federal reserve t establishing & branch corporate limits branches are not affe The legalization of 1 banking by the natlonal and ations of branch king by ank members of the Federal system, as pr he i1, which will most 11ke : for action ‘this week, co departure of the greatest ar to the banks of the countra Mortgage Firm Reports, = The Mortgage Bond and Guarants, u,rpomunn has total $thin m “beyond Such s existing ted br; banks out of gating $6,193 ding to statem this morn on January 5 of earnings r It was also a ment with a large guarantee the gage certificates Appleton T ft viee Program at A negotia Eanized last tioning as a local chapter’ Institute. will begin fu with the simultaneo spe Lusk, in t The follow lect Do: om standard <cons credits cl R. Gordon Finne Personal Mention. return morning, the new caboard ange Buoyant. market, charact, ock Exchange zgs 2 stock sold to t extent of 10 point since clared two ¥ stock sold shares, wh tive to the a shares 1 20 shares selling at 913 prefe Monotype brought I Mortgage & d recovered to 91z bond market was listless. on sales of 2 GRAIN AND PROVIS!ONS BALTIMORE, January potatoes, per 100 pounds, 1 sweet potatoes, barrel, 2.50a yams, barrel, 3.00a4.00; beans, ham per, 1.25a2.50; beets, crate, 1.50a2.00 broccoll and kale, bushel, & brussels sprouts, quart, bage, ton, 22.00a26.00; savoy, bushel’c 2.00a26.00; carrots, 100, 5.00: 1l crate, 2.50a3.00; celery crate, 2.25a4.00; eggplants, crate, 4.08 © a5.00; lettuce, basket, 1.0082.00%1" onfons, 100 pounds, plants. 100, 7.00; ket. 50a80; pe peppers, crate, bushel, 1.25a1 4.50; tomatoes, 1 nips, basket, Apples, pac bushel, 1.00a2.25; cranberri 5.0026.00; grapefruit. box, 3 oranges, box, 3.00a4.00; strawberrie quart, 25a40. Selling Prices at Noon. 2.0026.005 tur 2 red Winter. red W Wheat—No. port, 2.00; No. 2 domest] o. 2 red Winter, B Goicutio) 216 No. 8'xea ter, garlicky, no quotations. Sales—None. Corn—Cob, new, barrel; vellow, spot, 6.507 Receipts, 31 tons. The locd! hay market is firm on the be grades of timothy and choice lig clover mixed hay, of which the offer " ings are limited, while demand = good. Low grade and inferior hay i dull and of irregular value. Quotations today—No. 2 20.50221.60; No. 3 timothy, 17.00a19.0 No. 1 light clover, mixed, 19.50a20.00 No. 2 clover, mixed, 17.00a18.00. Straw—No, 1 wheat, 16.00a17.00 yv‘ ton; No. 1 oat, 16.00a17.60. timothy* " FOREIGN EXCHANGE. ot (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling check¥, gold value. London, pound Montreal, doll Paris, c Zurich, frant Ath drachma DRY GOODS PRICES FIRM. NEW YORK, January 26 (Special).— The week opened in the cotton goods market as quietly as last week had|és March 15, 1925 closed, and with prices unchanged. W,i H-rvh“lb‘ Print clothes were quoted at 9% | 3% 3008 conts for 64 by 60's and 11 cents for b s by 728 Raw silks were quiet, |4 with eantons & shade weaker and 109 95% 100% 8hi4 106% 4 105 92 82 142% 810% 1% T4% 94 107% 141% 141% 807 807 1% 1% 3% 73% 94 94 106% 10714} Toledo Edn 1at Gen Baking (6). en Unlon Bag & P Gen Eleatric (8) Gen El spl (80c) Gen Motors (5). Gen Mot Dt (§) Gen Mot pf (7). Gen Petrol (2) 4406 43% 4¢ 32 | Gen Retrac (2).. 551 B5% 5% B5% l& Gimbel Bros...,, 52% 524 b1% b61% Shell Unlon (1). Simmons (1).... Simms Pet (50c) Sinclair Ol. Sinclair pf (8)... Skelly Oll...... Sloss-Sheft (8). Sloss-Shf pf (7). ' South Pac (6)... 106% 106% 104% (Quotations furnished by Redmond & cn ~———Noon.. “Bid, Madrid, peseta Vienna, crown Budapest, crosen Prague, crown Warsaw, zloty Worthington... 69 Wright Aero (1) 17% wrigley (3).... 484 Yellow Cab 39% tParyy exu Dividend rates glven In I arc the anousl cash pay latest quarterly or half-) i thatnlos aotes.” siizs Sve g Frankfort a-M 4s pre Munich 4s pre-wa Radische Anilin A'BG (Ger ue Eiec Commerz and Privat Disconto Gellschaft. Dresdner Baok Deutsche Bank Darmstasdter Baok . Mercur Bank VieRba ummmecs U S Rubber 7%8. . USSteels tbs.... 13 Utah Pow & Ltbs. 1 Va-Car Cheth 7s... 62 Va-Car Ch 7%s sw. 26 48% 1008 0035 9 15-16 100 1-92 101 732 101 516 10175 101 02 1054 2% Stockholm,’ erown Resignation, simplicity amd mod- esty créate respect.