Evening Star Newspaper, February 6, 1925, Page 28

FINANCIAL HEAVY REALIZING HOLDS UP RISE Trend Upward, But Stocks « Jurn Very Irregular in ® Afternoon Deals. BY STUART P. WEST. Special Dispateh to The Star. : NEW YORK, February 6.—Today's stock market was noteworthy for the individual moves, principaliy in the industrial section, while the general price list changed little. Profit-tak- ing played an important part again, reducing or cancelilng many of the gains made early .in the day. The trend, however, was still on the side of advance, and what selling oc- curred was not effective enough to bring about much of a setback. Pipe Advances 10 Pointw. The big advance occurred in high- priced industrials, which are easily marked up on account of thelr smal floating supply. U. S. Cast Iron Pipe, with a 10-point jump, was the par- ticular feature. The stock earned over 343 last year and estimates of the current year's earnings place the amount very much higher. It is not the fashion nowadays to declare fan- cy dividends on original stock. The method adopted is to split up the capital and pay out dividends on the multiplied shares. Cast Iron Pipe will probably come to this sooner or later, and so will American Can, which was another leader in the market of the day. Mack Trucks and International Business Machine were other specialties which were pushed forward. The best in- formation about United States In- dustrial Alcohol {s that stock dis- tributed on the advance to §8 was taken back around and Jjust below 50. The effects of this new accumu- lation were apparent in the strensth of the shares today. Flelschmann Break Halted. Worthington Pump, Great Western Bugar and Allied Chemical all distin- guished themselves by advancing sharply. The outburst of selling in Flelschmann on account of the death of the head,of the company was purely sentimental. Universal Pipe and Radiator preferred followed the rise in Cast Iron Pipe, and the interests back of the market for Tobacco Prod- ucts were busy again. There was heavy profit-taking in the steels and in the oils. Barnsdall “A" was an exception, making a new high. Realizing also brought about a sharp reaction in International Me: cantile Marine preferred. But\new ieaders were promptly developed. The rise in General Motors to 76 was an outstanding feature. So was the Adv Rumley. Alr Reduct (15). Ajax Rubber. . Ajax rights Alaska Juncau All Am Cable (7) Allied Chem (4). All’ed Cm pt (1) Allis Chalm (4). Allis Chlm pt (7) Am Agricul Chm Am Ag Chm pf. . Am Bk N (t12%) Am Bk N pt (3) . Am Beet Sug (4) :m golch.“... m Brk Shoe (5 Am B Shoe pr (7‘) Am Can (18). Am Can pt (7). Am Car & F (12) AmC & Fpt (7). Am Chain A (2). Am Chicle. ... .. Am Chicle ctts. Am Chicle pt. . Am Drug Snyd, Am Express (6). Am & F P 25% (7 Am & For Pow., Am & Fr P pf(7) Am Hide & Lea. Am Hide & L pf. Am Ice (7) Am Ice pf (6). Am Internatl. .. Am La France () Am LaFrn pf (7) Am Linseed. . Am Linseed pf. . Am Locomo (§). Am Loco pf (7). Am Metal (3)... Am Radfacor (4) Am Republic. Am Safety Raz.. Am Ship & Com. Am Sm & Ret (6) AmS&Rpt (7). Am Stl Fdys (3) Am Sugar. . Am Sumatra Am T & Tel (9 Am Tobacco (7). Am Tobac B (7). Am Tobac pf (6) Am Typ Fdrs (7) Am WW&EI 30c. Am W W pt (8). Am Woolen Am Wool ptd (7) Am Writ Pap pf. Am Zinc.. 5 Am Zincpf..... 4nacouda (75c). Archer-Danels. Armour Del (7). Arn Cons & Co.. Asso Dry G (5). Asso D G 1st (6) Asso Oll (13%) AtT&SFe (T AT&SFpt (5). Atl Birm & At... Atl Coast L (18) AtGuIt&WI... At Gulf & W I pt Austin-Nichola. Auto Sales. . heavy trading in Hudson Motor at ad- vancing prices. The statement was made that Hud- son earned in January a net of $1,500,000. Tire Shares React. Rubber and tire shares had a fur- ther advance early, but reacted later. Goodrich sold above 49, and Fisk, United States Rubber and the Goo year issues were all strong. 5 On reports of higher prices for the copper metal, the copper and smelt- ing shares came into favor again. American Smelting got up around its top. and Anaconda, Kennecott and In- spiration were all actively bought. American Metals crossed 51, and there were unusually large trans- actions in Ray Consolidated at 17. Railway shares were irregular. Most of the standard dividend payers felt the effect of profit-taking. The rumors regarding’ the Wabash going into a consolidation were heard again in connection with the rise in the preferred “A" above 63 and the great activity in the common round 25. Chicago and Great Western went Baldwin L (7).. Bal & Ohio (5).. Bal & Oh pt (4). Bang & Ar (3).. Barnet Leather. Barnsdall A.... Barnsdall B. Bayuk Cigar.... Beech-Nut (3). . Bethlehem Steel Beth Stl pt (7).. Beth St1pf (8).. Briggs Mg (3%) Bkl Edison (8).. Brik-Man Tran. . Bklyn Man pf (6 Brklyn Un Gef4) Brown Shoe (4). Brunswick-Blke Burns Bro (10). Burns pr pf (7). Butte Cop (50c). Butte & Superlo: Caddo Central. . Cal Packing (6). Cal Pete (1%).. Callahan Zinc. .. Calu & Ariz (2). Calumet & H (1) through 13 for the first time this year, and Rock Island and Missouri Pacific were strong. MAREKET CLOSES STRONG. Motor Group Comes to Front in Last-Hour Trading. By the Associated Press. NEW YORK, February 6—Violent declines in grain prices and higher call money rates inspired heavy sell- ing for both accounts in today's stock market after~an early perfod of strength. Subsequent buying of the motor, copper and railroad shares brought about a rally in the general list. Total sales approximated 1,750,- 000 shares. The closing was strong. The mar- ket stiffened in the final hour, when bullish demonstrations were resumed in the motor group, Mack Truck soaring 4 points and General Motors touching a new record top at 76%. Markets at a Glance NEW YORK—Stocks steady; United States Cast Iron Pipe touches record top at 189. Bonds firm; rails lead ad- vance. Foreign exchanges lower; sterling continues to lag. Cotton easy; predictions unsettled weather in Texas. Sugar steady; trade buy- ing. Coffee lower; European selling. CHICAGO—Wheat liquidation. Corn lower; increasing stocks. Cattle irregular. Hogs de- clined; narrow demand. BIG OIL MERGER HELD LIKELY TO TAKE 5 FIRMS, By the Associated Press. NEW YORK, February 6.—Reports reaching Wall street from the West link J. S. Cosden with New York bankers in a plan to consolidate five Midcontinent oil companies into a new organization to be known as the J. S. Cosden Co. Those mentianed are the Berry Petroleum Corporation, the Hope Petroleum Corporation, the Moore Re- fining Co., Burk-Geis Oil Co. and the Burk-Hoffleir Oil Co. The combination also will include, it is said, a small in- terest in the Atlantic Petroleum Co. Mr. Cosden formerly was head of Cos- den & Co., now the Midcontinent Oil Co. weak; general PARIS MARKET DULL. PARIS, February 6.—Trading was dull on the Bourse today. Three per cent rentes, 48 francs 50 centimes; exchange on London, $8 francs 80 centimes; 5 per cent loan, 58 francs 35 centimes. The dollar was quoted at 18 francs 58 centimes. SLUMP IN EARNINGS. NEW YORK, February 6.—The Her- cules Powder Co.'s net income for 1924 declined to $2,156,901, equal after preferred dividends to $10.02 a share on the common stock, compared with $2,508,669 or $12.67 in 1923. Gross re- ceipts were $20,862,602 against $22,- 260,769 the year before. ‘WINNIPEG WHEAT SKIDS. WINNIPEG, February 6.—Wheat prices went skidding today for the third break within two weeks. May dropped to $1.95% shortly after the opening for a net loss of 8% cents from the morning’s high. Liquidation was of an almost un- precedented value. Can Pacific (10). Cent Leather... Cent Leather pf. Century Rib (2) Cero d Pasco (4) Certain-Teed. .. Chand Mot (3).. Ches & Ohlo £4). Chicago & Alton Chic & Alton pt. Chic & East I1l... Chi & E Il pt. Chic Gr West.... Chic Gr West pf. Chi MIl &St P.. Chi Mil &SP pt. Chi & Nwn (4)... Chi Pneu T (5).. Chi R1& Pac... CRI&PDL (6). CRI&PDL (D). Chile Cop (2%)- Chino Copper. . . Cluett Peab (5). Coca-Cola (7)... Colo Fuel & Iron Colo Southern. . Col G & E (2.60). Col G & E pt (7). Com Inv (2.50).. Com Solv A (4. Congol-Nairn (3 Conley Tin Foll. Consol Cigar.... Con Cigar pf (7) Con Distributrs. Consol Gas (5).. Consol Textlle.. Cont Can (4).... Cont Can pf (7). Cont Mot (80¢). Corn Prod (2).. Corn Prod pf (7) Cosden Co...... Cosden pf (7)... Crucible Stl {(4). Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuban Dom pf. . Cuyamel Fr (4). Dantel Boone... Davison Chem.. Del & Hud (9) Del L & W (6) D& RGWstpf. Detroit Ed (8) Dome Mines (2): Doug Pectin (1). Du Pont (8).. DuPont deb (6). Eastman (18) Eaton Axle..... Elec St Bat (16). End-John (5)... Endicott pf (7). »! Erle 2d pf. Exchangs Bf (2) Fairbks (3.60).. Famous Pl (8) Fed Lt & T (*7 Federal Mines. . Fifth Ave (84c) Fisher Body (5). ¥usk Rubber.... ¥ieh Rubber pf. Fieischman (14) Foundation (6). Freeport-Texas. Gardner Motor.. Gen Am Tnk (3) Gen ATC pf (7). Gen Asphalt.... Ger: Cigar (8)... Gen Cigar pf (7) Gen Electric (8) Gen El8pl (60¢) Gen Motors (5). Gen Mot pf (7).. Gen Petrol (2).. Gen Refrac (2).. Gimbel Bros. ... Glidden Co Goodrich. Goodrich pf (7). S TN T o KATES ON BAR SILVER. NEW YORK, February 6.—Bar sil- yver, 68%; Mexican dollars, 52%, Goodyear pf.... Gdyear prior (8) Granby Consol... Open. 14% 87% 183% % 1% 122 834 118% 6% 106% 18% 52% 200 54% 41 40 997 109% 165 us 204 123% 24% 42 27% 4% 132% 81% 654 41 39 27% 23 46% 63% 51% 101% 116 38% 130% 40% 76% 79% 3% 45% 96% 114% 8% 21% 2% 102% 29% 3% 54 17 151 20% 59% 37 54 421 30% 96 9% 16% 34% 54 12% 30% 144 24 72\ 72 93 48 86%: 95 36% 264% 65% 89% 4T% 54% 48% 106% 57% 155% 164% 40% 16% 30% 8% 4 7% 4% 647% 114 9% 40% 128 34% 90 75 1% 13 58 5% 41 62% 6% 4TH 1417 141 48 114% 15 15 146% 95% 12% 66% _ 69% 114% 33% 43% 41% 18% 85 96 . 186% 137 23% Fed Mines pf (1) 62 Fid Phoenix (6) 167% 167% 157% 12% 66 13% 884 8% 105° 10% 11 53% 98% 59% 95 109 High. Low. Close. NEW YORK STOCK EXC Received by Private Wire Direct to' The Star Office 14% 14% 14% | Gray & Davis. .. 87% B87% B87% | Grt North pf (5) 1% 18 [ 14 1% 122 122 84% 824 118% 118% 78% 5% 106% 1064 18% 18% 52% 52 204 200 5w 54% 41% 41 40 38% 100 99% 109% 109% 167 164% 18 18 205% 204 124 123% 25 24% % 102% 100% 110 110 4% 47 62 62 13- 11 134 897 105 105 107% 107% 88% 86 102 101 52% 52% 92 92 b A% 10% 10% 34 84 46 454 20% 29 91% 91% 10% 10 158 158 97 97 38% 38 118% 117% 95 944 B 3 152% 152 294 28% 421 89% 274 27% 4% 4w 133% 131% 81% 804 65% 654 41 40% 41 39 28 27% 28 22% 46% 46% 69% 68% 51% 50% 101% 101 116 115% 381 88 130% 129% 41% 40% 1T% 76% 80 78 74 73% 45% 45% 97 96% 114% 114% 8% 8% 22 21% 2% 2 102% 102% 30 28% 8% 3% 54% 54 17 16% 151% 150% 21% 20% 62 59% 37% 37 54% 53% 43% 4215 30% 30 96% 96% 9% 8% 17 16% 85 34% b4 54 14% 12% 832% 304 14% 13% 24% 238% 1% 93% 93 48Y% 4T% 85% 85% 25 94% 37 36% 27% 26% 66% 64 0% E9% 47% 46% 54% 54% 48% 48% 106% 106% 57% 5Tl 164 152 160% 150% 40% 40 16% 16% 30% 30% 87% 8T % 6% 8 % 4% 4% 65% 64% 114 114 9% 9% 40% 40 123 128 34% 33% 90 90 5% 3% 31% 81 13 13 58% &8 5% 5% 41 41 63 62% 64 6% 48% 47% 141 140% 141 140% 48 48 114% 114% 15 15 15% 15 148 145 95% 956% . 114% 114% 1145% 12% 12% 65% 65 T0% 69% 114% 114% 83y u2y% 43% 43 41% 414 18% 18% 3% 35 95% 94 136% 23% 23% 62% 62 12% 12% 66 656% 13% 13 844 88% 80% T8y 105% 105 10% 10% 1% 10% 53t 63 98% 98% 59% 59 95 95 109 109 242 246 2. 1% 76% 108% 51% 54 B3 16% 49% 95% 91% 106 19% '20% 19% 20% 1% 11% 1 5% 108% 108% 52% 50% 54 b4 53 524 16% 16 49% 47w 95% 95% 92% 91 106 106 ) % 1% 122 84% | 118% 7% 1065 | 18% | 52 204 | 543 | an 3% | 100 109% 166 118 205% 124 25 42 43 96 5% 149 126 34% 925 47% 141 140% 48 114% 15 15% 147% 95% 1145 12% €5% 69% 114% 83 3 41% 18% 35 94 137 23% 62% 167% 12% 65% 18% 84y 80 106% 10% 11% 53 984 59 95 109 243 11% T6% 108% 51% 54 b2% 16 48% 95% 9% 106 Grt Nor Ora (4). Grt Wstn Su (8) Gt West S pf (1) Greene Canan. .. Gulf St Steel (5) Hartman ($2.50) Hayes Wheel (3) Hayes W pf (7% Houston O1l. Hudson Man. ... Hud Man pt (5). Hudson Mot (3). Hupp Mot (1). Illinols Cent (7) Independ Oil (1) Indian Refining. Inspiration Cop. Interb Rap Tr.., Internat Agri. Int Bus Mac (8). Int Cement (4). Int Com Eng (2) Internat Har (5) Int Mer Marine. [nt Mer Mar pt. . Internat Nickel. Inter Nick pf (6) (nternat-Paper. Int Pap pf st () Int Ry Cent Am. Int Ry CA pf (5) Int Tel & Tel (8) Intertvpe (11%) Iron Prod (n)... Sewel Tea pt Jones Bros Te: Jones & Lau (7). Jordon Mot (3). Kan City South. Kelly-Sprgfield. Kelly Spring 1st Kennecott (3).. Keyetone T.& R. Kinney GR.. Kresgs Dep Str. Kresge SS pt (§) Laclede Gas (8). Lehigh Val (3% LIBRItt & M (14). Lbx & My B (14). Lix & My1s rgts. sima Loca (4). Loews Ino (2).. Long Bell A'(1). Loose-Wiles Bis Lorrillard (3). Louisiana Ofl Open. High. 5% 70 3) 43% 109% 18% 94% 81% 38 103% 834 254 665% 86% Louis & Nash (6 109% Ludlum (2) Mack Trucks ¢ Mack T 1st (7). Macy H R & Co. Magma Copper.. Magma Cop rts. Mallinson & Co.. Manati (5).. Man El md g Manhat Shirt (3) Manila Electric. Maracaibo Ofl. .. Marland Oll..... Martin-Parry 4. Martin-Par rts. Mathieson Alka. Mathieson rts. Maxwell Mot A. Maxwell Mot B May Dept St (5). Metro G pf (1.89) Mexican Seabd. Miami Cop (%) Middle States Minn & St Louls Mis Kan & Tex. MK &Tpt (5):. Missouri Pacific Missour! Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 750 Mullins Body. .. Munsingwr (3). Nash Mot (111). ash pf 5 Nat Acme...... Nat Biscuit (14) Nat Biscu pf (7) n, Cloak & Sut at Dairy (3).. at Dept Stores at Distillers pt at Enamel & S Nat Enam pf (7) Nat Lead (8)... at Supply (3 Nat Sup pf (7). Nevada Copper. N O T&M 123% N Y Air Br (4).. NY Alr BrA (4) N Y Central (7). NYCStL (6). NY NH & Hart.. NYO & Wst (1) tagar Fpf1%. Norf & W (18)., orth Am (3.40) North Am pf (3) North Pac (5)... Otis Elev (15%) Otis Steel. . Owens Bot (2} Pacific Gas (8) Pacific Mal. ... Pacific OI1 (2). Pac T&T pf (6). packard (1.50). Pan-Amer (4).. Pan-Amer B (4) Park & Tilford.. Penna C & Coke. Pennsy R R (3). Penn Seab Steel. Peorles Gas (8). Pere Marq (4).. Pere Mar pf (5). PhilaCo (4).... Phila & RC&I. Phillip Morris. . Phillips Pet (2). Plerce-Arrow.. | Pierce-Arrow pt Pierce Oil. . Plerce Ol pf.. Plerce Petrol. .. Pitts Coal. . Pitts Coal pf (6) Pitts Stl pt (7) Pitts Ut pf (1.2 Pitts & West Va. Postum-Cer (4) Press Steel Car. Pr St Car pf (7). Prod & Refiners Pub Ser NJ (5). Public Servrts Pullman Co (8). Punta Al Su (5). Pure Ol (1%). Radio Corp o A. Radio-C pf (314) Ry St Spg (8).. | Ry St Sp ot () Rand Mines 171, Ray Cons Cop. Reading (4). Reading rts. Read 2d pt Remington Type Replogle Steel. . Rep Ir & Steel.. RepI&Spf (7). Reynolds Sp (1) Rey Tob B (3)... Roy Duth 4.42% St Josepn Ld (2) St L & San F (5) StLSanF pf (6) St L Southwest. St L Swn pf (5). Savage Arms Schulte (8) Schulte pf (8)... Seaboard Air L. Seabd Air L pf Sears-Roebk Seneca Copper Shattuck-Aris. Shell Trad (2.06) Shell Union (1). Shell Un pf (6).. Simmon Co, (2) .. Simms Pet (50¢) Sineclair Oll. . Sinclair pf (8). Skelly Oil...... Sioss-Sheft (6).. Sloss-Sht pf (7). South Port 8 (6) South Pac (6).. Southern Ry (5) South Ry pf (5). Spicer MIg..... Std Gas & E1 (3) St Oll Calif (2), 38% HANG! Low. 5% 70 39 B34 109% 18% 92% 811 87% 103 824 26% 65% 86% E || RAILS DOMINATE 1% 3% 87 87 40% 8214 69 50% 244 R 18 83% 270 105 6% 68% 126% 70 47 404 643 3% 87 167% 684 108% 15% 115 52 55% 123% 129 27% 101 31 24% 28% 128% 43% 47% Ti% 19 11 46% 104 10 63% 95% 16% 6% 6% 321 20 484 2% 118% 70 4% 53% 50 14% 44% 134% 4T% 3% 36% 8% 52 98% 100% 13% 71 98% 66% 89 80% 1% 274% 1424 43% 32% 62 52 184 119% 35 16% 79% 28% 41 49% 20 584 94 16% 6% 6% 44% 68% 82 52 2% t6 113% 112% 24% 42% 160 % 4 43% 28% 101 3% 22% 22% 92 29% 95 98 65% 107 90% 86 48% 66% TRADING N BONDS Writing Paper, Rubber, Su- gar and Copper Liens Are Also Firmer Today. BY GEORGE T. HUGHES. Spectal Dispatch to The Star. NEW YORK, February 6—Trading quieted down in the bond market to- day and a slightly easler tone pre- vailed, with, however, many points of strength. Foreign bonds attracted more than the usual attention, party on account of - the reports about fresh foreign financing. There was nothing new about the proposed $50,000,000 Polish loan, but the Kingdom of Poland 6s, dollar bonds, dealt in on the ex- change, were up a point and a half, though still selling to yleld around 9 per cent. Central European is- sues were off fractionally. Railrond Bonds Strong. Chicago and Alton 3%s were again the leaders in speculative ralls, ad- vancing 2 points above the last sale Thursday o a new high and paying no attention to the 1924 report, which showed a deficlt of over $11,000,000 compared with net income equivalent to $1.53 on the common stock in the preceding year. I G. N. adjustments, which had been reactionary the pre- ceding day, crossed 74, Special strength occurred in Seaboard Alr Line 6s and there was heavy trading in the same road’s adjustment bonds. New York, Ontarfo and Western 4s went higher, but in most instances bonds of this grade were down slight- 1y. In the high-grade prices were well maintained, was about all. Liberties were a shade higher. Tractions Alxo Stronger, Tractions were unusually strong. Interborough Refunding s and the 6 per cent were more active than in a long time. Earnings were stated to have improved. Manhattan Elevated 13 were up a point at one time, while the Brooklyn-Manhattan Transit 6s duplicated their previous high. The convertible copper issues were strong, but the convertible oils were dull Among the day’s new offerings were $1,000,000 California Joint Stock Land Bank Farm Loan 5s priced at 103. FIVE DIVIDENDS VOTED IN NEW STOCK ISSUE By the Associated Press. NEW YORK, February 6.— Four quarterly dividends of §1 each and a stock dividend of 2 per cent were declared today on the new common stock of Weber & Hellbroner. The stock dividend Is payable April 30 to holders of record April 15. The cash dividends are payable March 30, June 30, September 30 and December 30. Four regular quarterly dividends of $1.85 on the preferred also were declared. Stocklmlders recently authorized a decrease in the common stock from 250,000 shares to 100,000 shares on an exchange basis of three shares for one. Bl e WOOL CHEAPER TODAY. Special Dispatch to The Star. BOSTON, February 6.—A slight shading of price apfeared In the raw wool market today in response to the American Woolen Co.'s heavyweight openings. While the market was nominal, dealers say fine territory wools should not bring over $1.65, the recent bottom quotation. Ohio delaines are offered at 69 cents, a cent below recent quotations. Opti- mism is general, however, as deal- ers believe the goods price level is low enough to assure a large volume of manufacturing. investment group but that mostly StOILNJ (1)... 46% StOIINJpf (7). 118 Std Plate Glass. 13% Stew Warner (5 72 Stromberg (6).. 69% Studebaker (4). 46% Submarine Boat Superior Ofl.... Superior Stl (3). Symington..... Symington (A). Telautograph. . Tennessee Cobpe Texas Co (3)... Tex G Sul (17%) Tex & Pacific. .. Tex & PacC & O Third Avenue... Tide Wat Ol (4) Timken (13%).. Tobac Prod (6). Tobac Prod A (7 Transcont Oil Transu & W ( Twin City (4) Un Bag & Paper Union Oil (1.80). Un Pacific (10). Un Pac pf (4)... Un Tank Car (5) Utd Alloy Steel. Utd Clgar (13%) \ United Drug (6) Utd Drug 1st 3% Utd Ry lnves pf. U S Cast Iron P. U 8 Distributing U 8 Hoft (50¢).. U 8 Ind Alcohol. U S Realty (8).. U S Rubber. . U S Rub 1st (8). U S Smelting... 36 USSmpf (3%). 454 U S Steel (17)... 127% U S Steel pf (7). 128% U S Tobaceo (3). 55 Universal Pipe.. 42 Univer P pt (7). 84% Utah Securitl 49% 30% 3 Vanadium. ..... Va-Caro Chem. Va-Caro Chem B. 1% Va-Caro Chpf.. 13% Va Ry & Power. 68 VIVAOU..ersees 104 24 62 18% 18% 150% 75 121% 31% 64% 116 52 54 180 36% 24% 80% 125% 44% 96% 13% 68 10% 26 63% 18% 19% 119% 964 105 118% 16% 264 36% 92% 120% 106 3% 86 18% 21% 16 29% 30% 68% WapasnpfA... Waldorf (1%). . Webber & H (1) West Pen (4). .. West Pen pf (7). W Pa Pow Dt (1) West Ble pf (7). ‘West Maryland. West Md 2d pf.. Western Pacific. Al :Vve'tlnih" ). Westhse 1st (4). ‘Weston Ele Weston Elec W 1 g:rm Bagle (7) C., FRIDAY, FEBRUARY 6, 1925 | NEW YORK BONDS STOCK EXCHANGE I Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. re in $1,000.) Sales. High. Low. Lib 33%s....1034 301 20 10117 101178 (Sales Lib 1st 4%s Lib 2d 43;s. Lib 3d 4%, Lib4d 4%s. . US 451944, US4%s'52. 23 102 55 1051 101 335 1017 1014 1017 282 101 18 101 14 10118 216 1022 333 100 30 100 28 100 28 10431 1051 1021 FOREIGN. Argentine bs Bank of Japan 6 Belgium ¢, D:“ .s Belgium 6%awl.. Belgium T%s. Belgium 8, Bolivia 8s Bordeaux §, Brazil 7, Brazil 7% Brazi] 8s. Canada 5s 1926. Canada 5s 1952. ... Canada 5%s 1929. . Chile 7s 1942 Chile 8s 1926 Chile 85 1941. Chile 85 1946. . Chinese Gov Ry bs Copenhagen 5%s. . Cuba 5%s... Czecho 8s 1951 . Czecho 8s 1952 ct. . Denmark 6s Denmark 8s. DEI6%s Nov '53. 3 Dutch East I 6s'47 Dutch East I 6s '82 ElSalvador 8s 45. . Finland s f 6s 1945 Framerican 7%s. . French Tswi..... French Govt Tls. French Govet 8s. Germany Tswl. Ger Gen Elec 7s. Greek Ts wi. . Halitl 6s. .. . Hclland-Amer 6 Hungary 6%s. Japanese 4s Japanese 6% Jergens UM 6s Lyons 6s Marsellle 6 Montevideo 7s . Netherlands 68’54 Netherlands 6s'72. Norway 6s 1943... Norway 6s 1944. Norway 6s 1952 Norway 8 . Orient Dev deb 6s. » 5 © sBRancBanab~naci~® Orleans 7s.. Prague 7%s Queensland 7s.... Rio de Jan 83 1946. Rio de Jan Se 1947. Seine Dept of 78 Serbs Cr'tes Slo 88, Sweden 5%s ui. . Sweden 68 Swiss 5%s 1946 Swiss Conted 83 Tokio B6....... Ud Kingm B%s'29. Ud Kingm 5%s 33 Ud Steam Copen 68 Uruguay 8s..... MISC Ajax Rubber 3s... Am Agr Chem 5s Am Agr Chem Ti%s 48 AmChalnsf6s'33 1 Am Repub deb 6s. 14 Am Smlt & R 1st 52 13 AmSmit&R6s... 5 Am Sug ref 6s. 17 AmT& Teltr .22 Am T& Tcltrbs.. 20 Am. T & T. SF §5.366 Am'T & T deb 5%s 59 AmT & Tev bs 3 Am Water Wks 5s. 10 Am Writ Paper 6s. 13 Anaconda 1st 6s... 14 Anaconda cv db 78 71 Armour & Co 4%s. 17 Armour of Del 5%1,15 Bell Tel Pabs..... 3 Beth Steel pm 6s.. 10 Beth Steel rf5s... § Beth Steel 5%5'53 20 Beth Steel s 65. .. 96 Brier H St 1st 5%s Bklyn Ed gen 58.. Bklyn Union G 5s. Central Leather 53 CinGE5%s'62... Chile Copper 6: Col Gas & E1 54 Commonwth P 6; Con Coal Md 1st b8 Consumers Pow 58 3 Cuba Cane cv d 8s Denver Gas s Dery (DG) 7 Det Edison 53 "4 Det Elison ref 6 Donner Steel 7s Du Pont de N 7%s. Duquesne Light bs Est Cuba Sug 7%s Empire G&F 7%8. Feder Metls 7839, Fisk Rubber 8 Francis Sug T%s. . Gen Elec deb bs... Goodrich 6%s.- Goodyear 8s 1931. Goodyear 8s 1941. Humble O&R 5%s. Tllinois Bell 1st 58 Ilinols Steel 4%s. Indiana Steel 5: Int Mer Marine 6s. Inter Paper 58°47. KCP & Lt 68 A 52, Kan G & El 68762 Keyser (1) 7 Kelly-Spring Lackawa S 555 Liggett & Myrs 68 Liggett & Myrs 7s. Lorillard (P) 58 Lorillard @) 13 Ma, a Cop ¢ Manatl Sug f 158 Marland Oil 88’31 Midvale Steel b8 ntana Pow B8. . Mors&Co 15t 4%8. New Eng Tel 68. .. N Y Eden 1st 6%8 N Y Tel 4%s N Y Tel 6s'41. N Y Tel 6849 North Am Ed 68 North Am Ed 6%s Nor States Pow bs. Otis Eteo{ ;:9- . tis Stee! Oxific Gas & Bl 53 PacT & T 1st 58. .- Pacific T & T 53’53 Pan-American 6s. Pan Amer Pete 78 Phila Co 56%5'88 Phila Co ref 68 Pierce-Arrow 8 Public Service § public Service 6 8 Punta Alegre 78.. inclair Ofl 68.... glnnlalr g:: ::fil . ir g::%‘o p16s'28 wi Sin Pipe Line 58 Skelly Oil 618 South Bell Tel 6 Southwest Bell 5 Steel & Tube 78 .. Sug Est Orlent Ts. Tenn Elec Pow 6s. 11 39 1 66 @ 0 8 aSamed LI e o © ronoiBesiatroBoeatnuink ~araqn . 181 11 41 22 37 74 47 ite Mot (4). - Wiskwire Spenc Wiekwire Sp ris. Wickwire pf rts. Wilson & CO.... wilson & Co pf. Willys-Overlan¢ 10 Wills-Over pt... 76 Woolworth /31. 116% Worthington. 86% Worthington A ! 86 Worthington Bt 73% Wright Aero (1) 19% Wrigley (3).... 49% Yellow Cab..... 38% 38% YoungetnS&T. T4% 15 Partly extra. iPayable in pre: Ditidend rates adie Ia pratarred steck. % % % % 21% 10t 76% 116% 69% 86 3% 19% 52 21% nless _otherwise noted, dividends are ot included. Wat Oll 6%s. Felodo Ban 1st 18. United Dr! USRubl U S Rubber 1%s U § Steels £ 58 Utah Pow & Lt 5s. Va-Car Chem 7s... 62 Va-Car Ch 7%s sw 12 Warner Sug Warner Sug 78 '41. West Elec 5. West'n Union 6%s Westinghouse 7: Willys-Ov 6% Wilson & Co Wilson & Co cv Wilson&C cv 7%s. Youngstn S&T 6s. 38 High. 344 96% 96% 102% 967n 29% 87% 94 109% 107% 93 865% 82% 98% 994 100% 984 96% 9T 106% 102 967 100% 96% 102 129% 95% 54% 101 39, 63 - Close. 30 102 1022 TLow. Close. 84 84 96% 96% 95% 96% 1024 102% 96% 96% 99y 99% 814 BT% 93% 98% 109% 109% 107% 107% 93 93 gov 85% 82% 8IM 106% 1067 96+ ‘g;fivfl 1% 101% 105 Toaw 108% 103% 100% 100% 102% 102% 108 108 107% 107% 44 4% 96% 96% 98 98% 100% 101 100% 100% 101% 101% 110% 96Y% 100% 100% 98 9% 100 98% 964 96% 106% 101% 96% 100% 95% 101% 128% 95 51% 100% RAILROADS. Bales. High. Low. 2:30. Ann Arbor4s..... 1 66% 66% 66% Atchison Gen ds... 7 89 88% 38% Atlantic CL1st4s 16 50 89% 90 AtlanCL4%s'64.. 5 92 92 9 Atlantic C.'L. 7s. 3107 107 107 B & 0 gold 4 16 87% T4 8T% B&Ocv4 9 92 91% 92 B&Oret 11 89% 89 B9%K Balto & O 1st 6s ot 262 101 100% 101 B&Orf 103% 1024 103% 84% 84% BA% 99% 99% 99% % 69% 69% §7% 8T% 81 87 116% 116% 100% 100% 106% 106% 9% T9% 100% 101 874 874 961 96% 89% 89% 106% 106% €6 65% 58 56 90% 90% 89% E9% T84 64% 66 73% 3% b58% 80% 52 56 99% 101% 112% i 84% 86 77 101% 117% 9744 96% 100% 97% e 85% 89% 103 84% 98 60% 72 €6% 67% 67% 74 96% 107% 116% 94% 101% 110% 8% 72% 1024 70% 69% % 103 5% 26% 65 83% 89% £5% 9514 96% 92% 105% 63% 9% 264 Bklyn-Manhat Buff R & Pitt 43 Canada North 7, Car Clinch & O s Car Clinch & O 6s Canada Pac deb 4 Cent of Ga 5348, Central Pacific 4s Ches & O cv 434, Ches O gn 414 Ches & Ohio cv b Chi & Alton 35 Chi & Alton 33, Chi Great West 43. 42 C M & Puget Sd 4, 5 ChiM & St P 4s 22 CM&StPdb4s.. 1 Chi M&St P cv 4344 23 CM&StPgn4ays 11 Chi M&St P rf 4349 Chi M & St P cv 5, Chi M & St P Chi& N'W 6%s Chi Rys 6s Chi Union Sta b ChiUn Sta 6%s. .. C&W 15%s’ 62 wi. (é?C & St L 54 . eve Torm 6a w 1. C. & S. 1st 4s, 29, %llbn RR5s.. el & Hd st rf 48 Del & Hudson 535 Den & Rio G cn 4s. D & Rio G imp 58 D & Rio G Wst bs. Erle 1st cons 4s Erie gen 4s Etle conv 4s A. Erle conv 4s B. Erfe conv 4s D. Erie (Pa)clt tr 4s. Gr Trunk sf db 6s Grand Trunk 7s 5 Great North 5 10 Gr North 5%s 1 Gr North gen 78 4 Hud & Man ref 5s. 17 Hud & Man aj 5 40 11l Central 5%s Int Rap Tran Int Rap Tr 68 stpd. Int Rap Tran Int & G Nor 1st 6; Int & G Nor aj 6s. lowa Cent rf 4s Iowa Cent 1st 5i Kan City Ft S4s.. Kansas City S 58 Kan Cy Term 4 Lake Shore 45 Lake Shore 4s°31 Louls & N uni 4s. Louls & Nash 5% Manhat Ry cn 4s.. Market St Ry 7s Mil EI Ry & L b M StP & SSM cn 10 25 60 854 98% 96% 924 105% 63% 98% 8614 87% 87% 90 90 104% 104% 2514 _26% 826 T 82% 5% T5% 87% 874 90% 91 1031 108% 65% €5% 100% 100% 87% 87% 101% 101% 9114 911 100 100% 3 76% 6% 764 10 94 94 94 14 101 100% 101 93 116% 115% 115% 2 764 5% T6% RERREER: "acific gen 48 Mo Pac 5s 1926. Mo Pacific 55'65 Mo Pacific 6 NO Tex & M 5% N Y Cen gen 3%s N Y Cent deb 43 N Y Cent ri o8 N Y Cent deb NYCenLScl3%s. 2 NYChi& StL6%s 42 95% 95% 953 NYC&StL6sA... 5108 102% 102y New Hav d 48 '57 56% 56% 56T New Havcd6s.... 1 89 8 g9 New Haven 7s.... 99% 99% 99 New Haven s fr. 957 98% 98k NY Ry rf 48 ct! 51% 51 51 New York Ry 51% 51 NY Rys ad) 5s c 4% 4% N Y State Ry 4 €64 66% NY W & Bos 4% Norfolk & Wen4s 1 Norfolk & W cv 6s. 10 Northern Pac 3s... 15 Northern Pac4s.. 9 Northern Pac5s D 14 Northern Pacr i 6 63 Ore Short L ref 4s. 12 Ore Sht Lcn 55°46. 7 Ore-Wash st rf 48 31 Pennsyl gen 4%s Pennsyl gen bs.... 16 129% 61 84 97Y% 107% 9T% 104% 82 923 1024 104 99% 91 987 17% 961 115% 126% 100% 106 90 99 99 82_ 824 100 100 114Y% 114% 96% 964 106% 106% 108% 108% 99% 59% 102% 102% 9% 95% FTONE TS 99% 100% 944% 96% 99% 99% 93% 93% 1094, 109% 105% 105% 944 94% 1044 104% 944 94% 104% 104% 95% 97 106 106% 15 116 90 90 94% 943 99 100 8514 86 118% 119% 99% 99% 97U 97 106% 106% 97 97 100 1001 103% 104 109% 109% 102 1024 85% 85% 106% 106% 105 9o 93% " 931 86 86 48% a9% 85 87 99 99 98% 985 111% 1113 108 108 100 100% 93% 98U 66% 6644 66 66 8% 99y RSN S 98% 1104 108% 82% 8% 98 93% 4% 874 94 85% 3% £9% 97% 884 81% 103% 81% 884 83% 101 83% 78% 65% 1% 9i% 967% 86% 89 TT% 101% 106 109% 101 57% A% 83 83 1004 100% 924 924 92 99% 99% 99% 104 104 104 964 964 96% 9k 9K 9K 101 101 101 95% 954 95% 66% €64 66% 98 94% 93 83 83 83 T4% T4% T4 1% 7% TI% 65% 654 65% Penn. 5s. 64 Pennsyl 6% Pennsyl gold 7s Pere Mrq 1st 43'56 5 Pere Mara ist § 12 PorRL&P 6s'47. 12 Reading gn 4%s... 5 Rio G West cl 4 16 RIATk &L 4%s.. 10 St L IM&S 4s5°29.. 28 St LIM&S R&G 4s. 73 StL&SF pl 4s A..241 78 49 41 4 CShL 4% St P Un Dep 6348 San 4 & Arn P 4s Seab’d A L 4s sta Seab’d A Liref & Seab'd A L adj b= Seab'd A L con 6s.. Sou Pacific 4s'29 Sou Pacific ctl 4s. Sou Pacific ref 4s Southern Ry gn 48 Southern Ry 1st 5s Southern Ry s ct. Southern Ry 6348 Texas & Pac 1st b3 Third Ave ref 4 Third Ave adj 58. TolStL & W 4s Toledo Trac 6 Union Pac 1st 4 Union Pac 4s '27. Unlon Paccv 63 Virginia Ry st VaRy & P 1st 68 Wabash 1st 5 ‘Wabash 2d 68 27 9 12 13 5 81 6 10 2 2 16 4 52 1 1 12 39 45 1 Wheel & LE cn 27 Whel&LErf4%s 1 Wilkes B&E 1st 53 2 57% AT% ol OUTPUT REPORTED. NEW YORK, February 6.—Initial production of 50,000 barrels is re- ported from well No. 50 of the Pan- Co.’s subsidiary, Huasteca Petroleum Co., in the Tampico district of Mex- ico, not far from well No. 4, which has produced 70,000,000 barrels. WEEEKLY COTTON REPORT. LIVERPOOL, February 6.—Weekly cotton statistics: Total forwarded to mills, 73,000 bales, of which 60,000 were American; stock, 884,000; Ameri- can, 716,000; imports, 94,000; Ameri- c.on,on.ono; exports, 2,000; American, 1,000. GAIN IN STOCKHOLDERS. NEW YORK, February 6.—Stock- holders of the Bethlehem Steel Cor- poration have increased to 53,380 from American Petroleum and Transport FINANCIAL." WHEAT IN CRASH; | MAYDROPSTOS15 Heavy Selling After Early% Upturn Finds Market i Without Support. By the Assoclated Press. CHICAGO, February 6.—Wheat prices suddenly collapsed today. May delivery dropped to as low as $1.85 a bushel, almost 21 cents under last week's high price record. Increased selling on an early upturn revealed that the market was without any adequate support from new specula- tive buyers. Corn and oats sympathized with the action of wheat. After opening at a range varying from % decline to 7% advance, May 1.35al.35%, corn showed an upturn ail around. Oats started unchanged to % off, May 60%a61, sagged a little more d then made a general advance. In line with the hog market pro- visions averaged somewhat lower. High. Close. 1.94% 1643 150% 1.35% Low. WHEAT— Low May July September CORN— Open. 193 1.6315 L 150% -ss 185 1138 136 Tl o Beptember COTTON QUOTATIONS ARE HIGHER TODAY By the Associated Press. NEW ORLEANS, February 6—The cotton market opened higher this morning owing to better cables than due, first trades showing gains of 7 to 9 points. The market eased off 2 to 6 points after the opening call on prospects of rain in the Western belt, but soon rallied again, March trading to 24.15, May to 24.45 and October to 24.19, or 10 to 12 points above yesterday's close. The stimu- lating influence was the activity in the goods trade, Fall River reporting sales of 100,000 pieces of print cloths for the week with very good trading, while Worth Street reported an a tive demand for cloths from auto- mobile interests and an advance in the price of percales. A good de- mand for spots continued. Today’s New York Market. NEW YORK, February 6.—Cotton futures opened steady. March, 24.08; May, 24.43; July, 24.67; October, 24.42; December, 24.50 offered. Washington Stock Exchange SALES. Traction 55—8500 at 99. pi S Capital Traction Co.—10 at 82, 5 at 82, 7 40 at s1. Lanston Monotype—10 at 77, 10 at T7%. National Mige. & luvest. pfd.—50 at 9%, 50 at 9%. AFTER CALL. Washington Gas 6s '33—$200 at_102. _Mergenthaler Linotype—t at 170%, 171, 10 at 171 tional Mtge. pfd.—50 at 9%, 10 at & Invest. & Elec. 4s—$1,000 at 79. UNLISTED DEPT. -Sacks 8% pfd.—10 at 92. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. . 96iy m 1005 128 American Tel. & Telga. 4s American Tel. & Telga. 4%s Am. Tel. & Tel. cti. tr. Bs. Am. Tel. & Tel. conv C. & P. Telephone of V Capital Traction R. R. City & Suburban 5i Georgetown Gas 1st Potomac Elec. 1st 5s. Potomac Elec. c Potomac Elec. 8s 1953. Pot. Elec. Pow. g m. & h., Alex. & Mt. Ver. 5 ash., Alex. & Mt. Ver. . Balt. & Annap. s hington Gas S Washington Gas Wash. Rwy. & Els Wash, Rwy. & Elec. ge D. C. Paper Mfg. 6s Pot. J. 8. L. BK. & STOCKS. PUBLIC UTILITY. American Tel. & Telga. Iincoln National Second Jational Bank of Wash. TRUST COMPANY. Security & Tru NGS BANKS, Commerce & Savings East Washington ... Becurity Savings & Com. Seventh Street United States Washington Mec) FIRE INSURANCE. Firemen's Nationel Tnion . TITLE INSURANCE. g R T MISCELLANEOUS. Merchants’ Trausfer & Store, Mergenthaler Linotype . Natl. Mortg, & Invest. pfd. 0ld Dutch Market com. Old Dutch Market pfd. Lanston Monotype. Becurity Storage Washington Mark Yellow Cab ...... g GERMAN BONDS AND STOCES. (Quoted in doilars per million marks.) Bid. Asked. Ger Gt (war loan) 5s 1914-18 1925.00 2000. NEW DEPOSIT SLIP WILL PROTECT BANKS National Metropolitan Adopts§ Safety Statement—Other Financial Notes. BY CHAS. P. SHAEFFER. A new deposit slip, which shoul effectually fofl the best efforts o those who seek to defraud banks ha: been put in use at the National Met ropolitan Bank. The slip is the rec ommendation of the Washingto: Clearing House Association and i merely a suggestion leading to stand ardized forms for the protection o banks. The form is desighed mainly t frustrate attempts of forgers who de| posit worthless checks and the check against the item before th bank actually makes collection, Ever; year there are many local instance where banks have had to resort t court action in protecting their in| terest in similar In a ve few cases the bankdhave been rd turned losers in the verdict when i was proved there was no evidence 2 fraud. The new slip, however, leaves loophole. The bank using it has provisional agreement printed at th top of the form which covers ever sltuation that could possibly aris (ma next being an agreeme be ween the bank and the de; « The text follows: i Text of Printed Agreement. “In making deposits the deposite agrees with the National Metropo! tan Bank, Washington, D. C. tha credit allowed for items on this any other bank or party i y visional and until the of, in money, are actually received by this bank or items found good at the close of business of the day on which they are deposited; such items may be charged back to the depos tor's account regardless of whethe or not the item itself can be returned that said bank may decline payment of any check drawn on such deposits until the items of s deposit. though credited, are actually pald in money: that any failure to enforee these rights by the bank shall not be construed a "waliver thereof; that items received for deposit or colle tion are so received at depositor' risk, may be transmitted in the usugl manner for colleotion, efther to the bank or person on which they drawn, or to such bank or persons as sald bank shall deem reliable; that all such direct or indirect collecti agencies shall be deemed agents o the depositor; that for the negligencr actions, omissions, or failure of suc collecting agents, or for loss of it in transit, or any cause, no liabilit shall attach to the sald bank; sald bank or any collecting agent ma receive payment of or any su items in cash, by check or draft, an shall not nor shall any collecting agent be liable for the dishonor of such checks or drafts or losses ther on or for the negligence, default of failure of another; that items may collected through the Federal Reser: Banks in accorda their rule The National Metropolitan agre the provisions are quite lengthy, bu necessary to cover adequately a phases of possible controversy. Trading on Local Board. Trading on the Washington Stoc Exchange was relatively even today’s session, with issues of the Washington Railway and Electric Cc preminent. The common stock of this utility appoximated its high level of the year, 15 shares selling at 1011 while the preferred brought 81 oy sales of 50 Shares. The 4 per cent bonds of the company retained thei high level, $1,000 selling at 79. Mergenthaler Linotype advanced fractionally to 171 on - sales of 24 and Lanston brought 77 and Traction was unchanged at tional Mortgage and Invest- ment .preferred at 9%. Ten shares of Chapin Sacks 8 per cent preferred sold on’the unlisted board at 92 + President Ham Entertains, W. F. Ham, president of the Wash- ington Railway and Electric C tertained the 36 executive officers of the company at a dinner at the Chevy Chase Club last night Will Attend Exchange Banquet. The 13th annual meeting and dinner of the Association of Stock Exchange firms will be held at the Roosevelt Hotel, New York City, this evening. More than a thousand bankers, brokers and trust officers from all sections of the country are expected to attend. Local guests include Eugene E. Thompson and Harry V Haynes. 4 s A/ FUND TO AID ORPHANS. Citizens of Chestnut Ridge, Md., Contribute for Russells. WHEATON, Md, February 6.—A fund of $12.40 was raised at C. C. Cunningham's store, Chestnut Ridge, for the five children of John and Cora Russell, who were orphaned several weeks ago by the death of Mr. and Mrs. Russell in a fire which destroyed the family’s home near here. The contributors are: Raymond Lancas ter, 25 cents; Hensord Boyd, 50 cents Paul Kelley, 50 cents; Jack Wessells, $1; Willlam Wessells, $1; B. F. At- wood, 50 cents; Benjamin C. Watts, 25 cents; Louis Tucker, $1; Hazel Bowie, 26 cents; F. A. Heitmuller, $1; John F. Lancaster, 25 cents; A. C. Walden, §$1; Willlam Gray, $1; H. T, Norris, 25 cents; Mm and Mrs. Charled Webster, $1; Mr. and Mrs. Clarence Webster, $2; Sarah Norris, 25 cents. Total, $12.40. are S FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. London, pound . Montreal, dollar . Paris, franc . Brussels Zurich, Athens, Madrid, peseta Vienna, crown. Budapest, crown Praguc, crown Warsaw, zloty Cope: n, crown Christiania, crown Stockholm, crown By the Assoclated Press. NEW YORK, February 6.—Foreign exchanges, easy. Quotations (in United States dollars): Great Britain, demand, 4.77%; cables, 4.78%; 60-day bills on banks, 4.7¢%. France, de- mand, .0539; cables, .0639%. Italy, de- mand, .04143%; cables, .0415. Belgium, demand, .0514; cables, .0514%. Ger- many, .2380. Holland, .4024. Nor- way, .1527. Sweden, .2693. Denmark, .1778. Switzerland, .1929. Spain, Hamburg 43%s 1919 450.00 500. Gt 4-5s (forced 2700 29 Ger Gt 810s 1923 (sm pieces) .65 (Quoted in dollars per thousand marl Ger Gen Elec 4348 pre-wa Ger Gen Elec 4%s 191 gel‘“bn‘l; pr'e* mbg 85, mburg Amer Line 4%4s. orth German Lioyd 4% North German Llolyd. Prussian Consols 8% Krupp 5s 1921... Dusseldorf 48 pre-war. Frankfort a-M 4s pre-war. Munich 4s pre-war. Badische Anilin A E G (Ger Ge Elee| Commerz and Privat Disconto Gellschaf! Dresduer Bank i SRR Eal 888888328 ERSaSaB g33:188 23838 49,497 a year ago, not including 11,000 employes who are paying for stock on the partisl payment plan. Deutsche Bank Darmstaedter Hank Mercar Bank Vienna. " cBEusasaty fesakiases pREREEEBRES $sSeaiasanass .1429. Greece, .0162%. Poland, .19%. Czechoslovakia, .0295. Jugoslavia, .0161%. Austria, .000014%. Rumania, [0052%. Argentina, .4012. Brazil, 1145, Toklo, .38%. Montreal 99 27-32. —_— TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) 4s March 15, £ 4%s March 15, 1925, 4345 June 15, '1925. 238 September 15 4s December 15 4%s Murch 15, 4%s September 15, 43 March 15, 1627. 4325 December ' 15,