Evening Star Newspaper, February 7, 1925, Page 14

14 o SPECTAGULARRISE N SPECALTES Motors, Sugars and Chemi- cals Strong—0ils Weak on Price Probe Talk. By the Associated Press. NEW YORK, February 7.—Specu- lative interest in today's stock market converged largely on the in- dustrial specialties, several of which recorded spectacular gains. Oil stocks were slightly reaotionary in further response to threatened in- vestigations of gasoline prices, but the general list was well sustained, with prices showing an advancing tendenoy. Good exhibitions of group strength were given by the motors. Sugars. chemicals and public utilities. The commercial solvents issues soared 14 points above their previous closing figures, United States Cast Iron Pipe 7 and American Express 5. The closing was frregular. Total sales approximated 700,000 shares. Markets at a Glance NEW YORK.— Stocks {rregular; commercial solvents issues soar 14 points. Bonds firm: $80,000,000 public utility issue oversubscribed. Foreign exchanges reactionary; sterling off rearly 4 cents from recent high. Cot- ton higher; firm spot markets. Sugar trade selling. Coffee lower; easler Brazilian markets. . TRADE NEWS GOOD DURING PAST WEEK Br the Assoctated Press. NEW YORK, February 7.—Trade news during the week was construc- tive in character. It included the continuation of frelght traffic well above the seasonal level of previous vears, a sharp reduction of nearly 50,000 barrels in the average daily gross crude ofl production, reports that mill operations of the United States Steel Corporation were run- ning at 94 per cent of capacity, and higher copper, oil and gasoline prices. ST $900,000 BOND ISSUE FAVORED FOR HIGHWAY Br the Associated Press. . ATLANTA, Ga., February 7.—The floating of a bond issue to be voted on by the citizens of the coastal high- way district comprising six Georgla counties, for “not exceeding $900,000,” for the purpose of constructing the proposed coastal highway route from the Savannzh River to St. Mary's River to the Florida line, was agreed upon vesterday by the State highway board in accepting the terms of a contract submitted to that body. WHEAT SALES DENIED. NEW YORK, February 7.—Reports from Chicago that a heavy selling of wheat vesterday was due to liqulda- FINANCIAL 13 % 1% 18 1 Ajax Rubber. Ajax rights Alaska June: Allled Chem (4).. 84% Allis Chalm (4). 78 Allfs Chlm pf (7) 107 Am Agricul Chm 19 Am AgChmpt.. 52% Am Bk Npf (3). 54% Am Beet Sug (4) - 41% Am Bosch...... B88% Am B Shoe pf (7) 109% Am Can (18).... 165% Am Car & F (12) 202 Am Chain A (2). 25'% Am Chicle...... 424% AmChicle pfet. 94% Am Drux Snyd.. Am Express (6). Am & ¥ P 25% (7 Am & For Pow.. Am & Fr P pf(7) Am Hide & Lea. Am Hide & L pf. Am Internatl. Am La France O Am Linseed. . Am Linseed pt.. Am Locomo (6). Am Metal (3). .. Am Radia.or (4) Am Safety Raz.. Am Ship & Com. Am Sm & Ret (6) AmS & Rpt (7). Am Stl Fdyy (3). Am Sugar. Am Sumatra Am T & Tel ( Am Tobacco (7). Am Tobac B (7). 88% Am Typ Fdrs (7) 107 Am WW&EI 30c. 39 Am W W pt (6). 101 Am Woolen..... b3 Am Wool ptd (1) 91% AmZinc........ Am Zinepf... Anaconda (75c). © 78 107 19 54 202 24! 151 166 124% 34% 91% 12% 72 394 | Ann Arbor pf. Archer-Daniels. Armour Del (7). Asso D 2d (7). Ass0 Oll (1%) ... AtT &S Fe (7)... AT&SFpt (5). Atl Birm & At... Atl Coast L (18) 152 AtGuif & WI... 29% AtGulf & WIpt 41 Atlan Ref pf (7) 114% Austin-Nichola. 28 Austin Nic pf (1) 90% Baldwin L (7). 1824 Bal & Ohto (5).. 81 Bal & Oh pf (4). Bang & Ar (3) Barnsdall A. Barnsdall B. Beech-Nut (3) Bethlehem Steel Beth St pf (7).. Beth Stl pf (8) Briggs M{g(34) British Emp 2d.. Bkl Edison (8).. Brik-Man Tran.. Bklyn Manp pf (8 Brklyn Un G (4) Brown Shoe (4). Brunswick-Blke Bur Add Ma (3). Butte Cop (50¢c). Butte & Superio) Butterick Co.... Caddo Central Cal Packing (8). Cal Pete (1%).. Cluet Pea pf (7) Callahan Zinc. .. Calumet & H (1) Can Paclfic (10). Case Threshing. Cent Leather tion for the account of Julius Fleisch- mann, who died suddenly in Miami. Fla., on Thursday, were officially de- nied today by Joseph Wilshire, acting president of the Flelschmann Co. He said: “The statement in the daily papers to the effect that large holdings of wheat were.liquidated by the Fleisch- mann heirs is without foundation of fact. Mr. Julius Fleischmann did not hold one bushel of wheat, and abso- lutely no sales were made for his ac- count.” BUTTER PRICES STEADY. CHICAGO, February 7.—Trading in butter during the week ‘was marked by a nervous, unsettled feeling, buy- ers confining purchases to immediate needs and keeping working stocks at .2 minimum. Consumption, juged from jobbers' and chain store sales, was unsatisfactory. About 47,000,000 pounds of storage hutter was on hand February 1, a surplus of about 32,000,000 pounds over February 1, 1924, holdings. In order to bring holdings on May 1 down to the five-year average of 6.000,000 pounds, net withdrawals until then must greatly exceed the five-year average reduction. osing wholesale prices and range, score, at the principal markets were: Chicago, % lower at 37%; New York unchanged at 40; Boston, 3 higher at 40% and Philadelphia at 41. ALEXANDRIA, Va., February 7 (Special).—The city council has di- rected the city manager to in\'llo] Thomas C. McMahon, chief assessor of Pittshurgh, Pa., to come to Alexan- dria and appear before a joint meet- ing of the council and the newly ap- pointed assessors. The purpose is to secure expert advice regarding assess- ments. The auxillary of the Alexandria post of the American Legion has elected Miss Florence J. Evans, presi- dent; Mrs. Charles M. Shepperson, first vice president; Mrs, Zora Peyton, second vice president; Mrs. Lydia L. Spofford, secretary; Mrs. T. Welling- ton Rose, treasurer, and Mrs. Ruth S. Field, chaplain The Friendship Veterans' Fire As- moclation. the oldest fire company in Alexandria, is planning a parade on February 23 in honor of the birthday bt George Washington. A committee, ronsisting of Claude W. Fletcher, D. I Robey and W. H. Simmons, has een selected to make the necessary preparations. An invitation has been extended to all patriotic organizations in the city to participate. Arrangements have been made for broadcasting the sermon to be de- livered by Rev. William J. Morton, rector of Christ Church, on February 22, Washington's birthday. Mr. Mor- ton's subject will be “The Life and Character of Washington From a Re- ligious Viewpoint.” Delegates to the annual meeting of the Georgs Wash- ington Masonic National Memorial Assoclation, which will be in session i this city at that time, are expected to attend the services. Washington was a member of this church. The Retail Merchants Club of the Chamber of Commerce is planning a banquet to be held on March 11. The following committee has been ap- pointed to prepare for the occasion: C. Page Waller, R. E. Knight, E. Gor- man Ridgely, John D. Matter and R. R. Gillingham. The club also will conduct a “Deal in Alexandria” cam- paign the latter part of February. CHICAGO STOCK MARKET. CHICAGO, February 7.—Following s a list of today’'s sales, high, low ®nd elosing quotations at the Chicago Ftock Exchange: Low. 136 Close. 1300 Cudahs. i 750 Ilell’ Sllk . = 425 Swift & Co. H00 Bwift . 7214 19 Cent Leather pf. Century RIb (2) Cero d Pasco (4) Certain-Teed. .. Chand Mot (3).. Ches & Ohlo £4). Chicago & Alton Chic & Alton pf. Chic & East I1l.. Chi & E Il pf. Chic Gr West. Chic Gr West pf. Chi Ml &8t P... ChiMil & S P pf. Chi & Nwn (4). Chi R1& Pac... CRI&P DI (6). CRI&PPL (7). Chile Cop (2%4). Cluett Peab (5). Coca-Cola (7). Colo Fuel & Iren Colo Southern. Colo Sou 2d (4).. 57% Col G & E (2.60). 48 Col G & E pt (7). 106 Col Carbon (4).. 48% Com Solv A (4).. 164 Com Solv B.. Congol-Nairn (3 40% Con Clgar pt (1) 88 Con Distributr: Consol Gas (5) Consol Textile. Cont Can (4) Cont Insur (6) Cont Mot (80¢c).. Corn Prod (2). Cosden Co. .. Crucible Stl (4). Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuban Dom pf. Dantel Boone Davison Chem. Del & Hud (9) D&RGWstpf.. Detroit Ed (8) Devoe Ist (7). Dome Mines (2). 15 Doug Pectin (1). 15 Du Pont (8)..... 148% Eastman (18)... 114% Eaton Axle..... 12% Elec St Bat (15). 65 Erl . 82% Erle 1st pf. . 43 Fairbks (2.60).. 85 Famous P1(8).. 98% Fed Lt & T (*7). 138 Fed Mines pf (7) 62% Fid Phoenix (6) 156% Fifth Ave (64c) 13 ¥wk Rubber.... 18% ¥ish Rubber pf. 8434 Fieischman (14) 80% Foundation (6). 106% Freeport-Texas. 10% Gardner Motor... Gen Am Tnk (3) Gen Asphalt. Gen Asph pt (5). Gen Baking (6). Gen Electric (8) Gen E1spl (80¢). Gen Motors (5). Gen Petrol (2) Gimbel Bro: Ginter Co Glidden Co Goodrich. Goodyear pf. Gdyear prior (8) Granby Consol. . Grt North pf (5) Grt Nor Ors (4). Grt Wstn Su (8 Greene Canan... Guantanamo.... Gulf Mo & Nor Gu Mo & N pf 69 Gulf St Steel (5) Hartman ($2.50) Hayes Wheel (3) Hayes W pt (1% Homestake (17) Househ P’ (13%) Houston O1l. Hudson Man.... Hudson Mot (3). Hupp Mot (1)... I1linols Cent (7) 11 Cent pf (6)... Independ O1l1 (1) Indian Motorcye Indian Refining. Tnland Stl (3%). Inspiration Cop. Interb Rap Tr 34 b4% 15 3214 14 28% 1% 48% 86% 95% 36% 64 90% 46% 54% 9% 40% 344 74% 31% 13% 68% 5% a1 5% 48Y% 141% 48% 114% 99 13 53 58% 97 140 246 11 78 51% b52% 23% 15% 48% 92% 106% 20% T0% 38% 94% 18% 5% 27% 95% 93% 97 140 8 95 103 44 83 89 16 81 19 b1 % 51 38% 2250 Union 300 U 8 Gypsum. 550 Wahl 3450 Wrigley, 140 Yellow Taxi . 3075 Yellow Mfg B Total sales, 26,000 Internat Agri... 18! Int Bus Mao (8). 120 Open. High. Y % i 84% bés 41% 88% 109% 1665 25% 42% % 5% 166% 13% 841 80% 106% 10% 11% ba 58% 246% 1% 51% 52% 23% 16 48% 93% 106% 20% 70% 38% 18% 5% 274 95% 93% 31% 37% 86% 26% 116% 116% 26% 16 9% 48% 30% 32% % 122% Int Com Eng (2) 341 34% Internat Har (5) 107 Int Mer Marin 4 4 85 93% 137 6214 156% 13 13% 84% 85 106% 10% 11% 63 58 97 140 243% 11 7 50% 5214 23 15% 475 9215 106% 20% 70% 38% 94% 18% 5% 26% 9 92 1% 37% 108 44 361 8214 25% 88 16 115% 116% 26 16 9% 48% 30% 30% 13% 120 33% 13% €8 6% 4% 9% 40 32 5% 5% 47% 99 16 15 12% 43 36% 947 137 62% 156% 13 13% 841 80 106% lfl’u 11% b4% 58% 37 140 243% 11% 7% 51% b2% 23 16% 48 933 1064 20% 0% 38% 95 18% 5% 26% 95 92% B81% 37% 103 4“4 86% 82% 26 38y 16 115% 116% 26 16 9% 43y 80% 82% 134 122% Int Mer Mar pt.. Internat Nicke! (nternat-Paper, Int Pap pf st ( Int'Ry Cent Am. Inter Shoe (5 Int Tel & Tel ($) Iron Prod (n)... Jewel T Jordon Mot (3).. Kansas & Guit.. Kan City South. Kan C 8o pf (4) Kayser ‘Julius) Kelly-Sprgfield. Kelsey Whi (6). Hennecott (3). Keyetone T & R. Open. High. 50% 27% 55% 6% 19% 115 22% 90 18% 4% 1 87% 58 24% 17% 97 b56% 2% B1% 27% b8% 5% 19% 115 2% 20 18% 4% 1 38% 58 24% 1% 97 [13 3 Kresge 88 (8).. 499 499 Kresge SS pt (8) Laclede Gas (8' Lee Rub & Tire LIggitt & M (14 Lig & My B (14 Lig & My1s rgt iima Loca (4). Loews Ine (3).. Loose-Wiles Bi Lorrillard (3). Louis! oil... Louls & Nash (8 Ludlum (2)..... McCro (1.60) B. . Maci Trucks (6) Mack T 1st (7). Mack Trk 2d (7) Mack Trk 2d pd. Macy HR & Co. Magma Copper. . Magma Cop rts. Mallinson & Co.. Man ElSup (4). Man El md g (5) Manhat Shirt (3) Maracaibo Ofl. . Market St prior. Marland Oll..... Marlin Rockwell Martin-Parry 4. Martin-Par rts Mathieson Alk Mathieson rts Maxwell Mot A Maxwell Mot B . May Dept 8t (5). Metro G pf (1 Mexican Seabd.... Miam!1 Cop (2) . *Mich nt (10) Middle States. Minn & St Louls Mis Kan & Tox. MK & T pf (5).. Missour} Paclfio Missour! Pac pf. Mon*. Pow pf (7) Montgom Ward. Moon Mot (3)... Mothar Lode 750 Mullins Body. .. Nash Mot (111).. Nat Acme...... t Biscult (t4) Biscu pf (7). Dalry (3).. Nat Dept Stores Nat Dp St 1st (7. at Distillers pf at Enamel &S Nat Ry Mex 24 Nat Supply (3) Nevada Copper. NOT&M 123% N Y & Harl (5) NY Alr Br (4). N Y Central (7). NYC&StL pf (6) NY NH & Hart. Niagar Fpfi1%. Norf & W (18).. North Am (3.40) North Am pf (3) North Pac (6)... Otis Steel. . Owens Bot (3). Padific Gas (8) Pacific Coast Pac Coast 2d pf. Pacific Mail... Pacific O11 (2) . Packard (11.50). Pan-Amer (4).. Pan-Amer B Park & Tilford Penna C & Coke Pennsy RR (3). Penn Seab Steel. Peorles Gas (8). Pere Marq (4).. Phila Co (4). Phila & RC& Phillip Morris Phillips Pet (2). Plerce-Arrow.. Plerce-Arrow pf Plerce Ofl...... Plerce Petrol Pitts Ut pf (1. Pitts & West Va Postum-Cer (4) Press Steel Car. Prod & Refiners Pro & Rpf (3%) Pub Ser N J (5). Public Servrts Pullman Co (8). Punta Al Su (8). Pure Oil (1%). Radio Corp of A, Radio-C pf (3%) Ry Stl 8pg (8). Rand Mines 1.71. Ray Cons Cop. Reading (4. Reading rts Reading st (2). Remington Type Replogle Steel Rep Ir & Steel. . Reynolds Sp (1) Rey TobB (3)... Roy Duth 4.423% St Josepn Ld (2) StL & San F (5) StLSanF pf (8).. St L Southwest. Savage Armi Schulte (8) Schulte pf (8). Seaboard Alr L. Seabd Alr Lipf. . Sears-Roebk (6) Seneca Copper.. Shattuck-Ariz. Shell Union (1). Stmmon Co (2)... Simmons pf (7). Simms Pet (60¢) Sinclair Ofl Skelly Ol Sloss-Sheff (6).. South Port 8 (6) South Pao (6).. Southern Ry (5) South Ry pf (5). Spicer MIZ. ... Std Gas & El (3) St Oil Calif (2) StOiINJ (1) StOflNJ pt (7). Std Plate Glass. Stew Warner (5 Studebaker (4). Submarine Boat Superior Oil. Superior St (3). Symington. Symington ( Telautograph. . Tennessee Coppe Texas Co (3)... Tex G Sul (17%) Tex & Pacific Tex & PacC &0 Third Avenue Timken (13%) Tobac Prod (6). Tobac Prod A (7 Transcont Oil... Union O1l (1.80). Un Pacific (10). Un Tank Car (5) Utd Alloy Steel. Utd Clgar (13%) United Drug (6) Utd Drug 1st 3% Utd Fruit (10).. U 8 Cast Iron P. USCIPpPL(T).. U 8 Hoft (50¢).. 8 Ind Alcohol. S Realty (3) 8 Rubber. S Rub 1st (3). 8 Smelting 8 Steel (17). 84% 107% 107 107% 14 U u u u u u U S Steel pf (7). U 8 Tobacoo (3). Universal Pipe. . . 90% 140% 14% 84 343 21% 109 38 92 188% 105% 101% 136 78 42 1% 28l 44% 48% 25% 83 503 P 4% 69%% B4 50 14% 44% 134% 48% 34 8% 13% 1% 98% 65 31 47 72 27% 142% 43% 82% 62% 52% 134 34% 17 9% 23 81% 49% 20 68% 16% 76% 55% 32 2% 14% 9 4T% 104% 47% 22 14 41% ki 9% 5% 42% 150% 121 81% 64% n? 52 216 190% 110 244 83% 125% 4“ 9% 36 126% 123% 55 “n 90% 141 14% 681 70% 8% 71 23% 6% 7084 34% 22% 109 33 92 141 105% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low, Close. 49% 27% 55% ki3 19% 116 2% 20 18% 4% T 3% 504 BONDS IRRERULAR | [ e BONDS o] Recelved by Private Wire Direct to The Star Office. UNITED STATES BONDS. AT CLOSE OF WEEK Renewed Buying in Railroad Liens Is Feature of Two- Hour Session. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February T7.—Prices were irregularly higher in bonds to- day. The grade that made the best showing was the investment issues on a 5 to 6 per cent basis. Consumers Power 68 of 1952 were typical of the demand among the utilities and St. Louls-San Francisco prior lien A 4s among the rails. The Consumers Power bond returns a little less than 514 per cent and the St. Louls-San Francisco issue just about 6 per cent. In more speculative descriptions the local tractions were prominent. The more favorable feeling here was due to the idea that the political outlook was brighter. Sugar Bonds Strong. In the speculative rails there was more uncertainty, with some selling coming into the St. Paul group. The 48 of 1925 were at one time down quite sharply from the best price of the week, and the refunding 43s of 1932, which, were comparatively strong Friday, lost ground today. Also the move in Chicago and East- ern 1llinois 5s, which attracted so much attention in the week, seemed to have lost momentum. On the other hand, - Internationl Great Northern adjustments held up well. The sugar bonds were the leaders among the high yielding industrials. Poland Sixes Advanmce. The feature in forelgn bonds was the continued advance of the Poland 6s, probably in anticipation of the offering of the new Polish loan. The German 7s, however, were heavy, dropping back below 95. ROCKYVILLE. ROCKVILLE, Md., February 7 (Spe- cial).—A combination chemical hose and ladder truck has been added to the equipment of the Rockville Volunteer Fire Department. It cost $2,815 and tests given since its de- livery show i®capable of making 50 miles an hour and is satisfactory in other ways. Licenses have been clerk of the circuit court here for the marriage of Joseph L. Hall, 21. and Miss Edna O. Glenn, 18, both of Richmond, Va.; Joshua W. Cooper, 25, of New York City, and_ Miss Margaret R. Anderson, 24, of Moun- tain Lake Park, Md: Bradley M. Stump, 23, and Miss Ruth E. Emond, 21, both of Takoma Park, Md.; Harry F. Mamath, 31, of Fort Myer, V and Miss Sophia Dravin, 18, of Broc! ton, Mass, and John T. Silvins, 22, and Miss Emma Whalen, 18, both of Derwood, Md. The Henderson-Smith-Edmonds Post, American Legion, of Rockville, is planning to inaugurate a mem bership drive. The organization now has 68 members and it is believed that the number can be more than doubled. To further the movement, a special meeting of the post will be held in Seco Hall here next Wed- nesday evening. Gov. Ritchie has been urged to pardon Willlam Beahm, Darnestown district farmer, who was convicted at the November term of the circuit court here of selling intoxicating liquor and sentenced to the House of Correction for six munlh!vv At the suggestion of the Volunteer Fire Department the Rockville town councll has directed William F. Dis- ney, city engineer, to make a careful inspection with a view to cleaning up the town so far as collections of inflammable materials are concerned. ‘According to the State Board of Education, Montgomery County stood highest last year among the counties of the State in expenditures per pupil in the elementary schools, with $56. At the annual election of the Bur- den Bearer Circle of King's Daugh- ters, Rockville, held at the home of Mrs. Otho H. W. Talbott, these officers were chosen: President, Mrs. Otho H. W. Talbott; first vice president, Mrs. Edward C. Peter; second vice presi- dent, Mrs. George E. Lewis; record- ing secretary, Mrs. James F. Allen; corresponding secretary, Mrs. Alex- ander Garrett; treasurer, Miss Jackie McDonald. While en route yesterday from Bal- timore to Washington with an auto- mobile load of bootleg liquor, Ra mond W. Glenn, a young Washington- jan, was arrested near Chevy Chase by Deputy Sherift Gingell and Police- men Cooley, Burdine, Jones and Wil- kinson, who were waiting for him, having been tipped off that he was on his way. They blocked the road with their autos. Glenn was brought to Rockville and released on $500 bond. He is charged with illegal pos- session. The auto and 60 gallons of “corn” were taken in charge by the officers, issued by the 5 < PACKERS DOING WELL NEW YORK, February 7.—Improve- ment in the meat packing industry is reflected in the 1924 report of the Cudahy Packing Co. showing net profit of $3,352,220, equivalent to $16.08 a share on the common stock. Net in 1923 was $2,010,198. Sales reached $203,750,000. $10,000 FOR COFFEE SEAT. NEW YORK, February 7.—A rec- ice of $10,000 was pald for a o Pon the New York Coffce and Sugar Exchange today by W. R. Cralg & Co., exceeding by $1.400 the previous high level established seven years ago. ; — e Univer Ppf (7). 87% 87% 87 87 Utah Copper (4) 90% 80% 90 90 Utah Securities. 49% 49% 49 49 Vanadium. . 29% 80 20% 29% Va-Caro Chem.. 8 8 2% Va-Caro Chpf.. 12% 12% 12 Valron Coal & C 42 42 e Va Ry & Power. 67% 674 67% Vivadou 10% 11 1 n. 244 24% 24% WaDeshpfA... 624 68% 631 waldorf (1% 184 184 18% Webber & H (1) 191 19% 18% West Pen (4). .. 120 120 119% West Pen pf (7). 96% 96% 9645 West Maryland. 16% 16% 16% Webt Md 2d pf.. 24% 24% Western Pacific. 36% 36% West Pacpf (6). 91k 91k West Alr Br (6). 106 106 Westinghse (4). 72% T3 Weston Elec A... 21% 21% Wheel & L Erie. 16% 16 Wheel & LEpf. 20% 29% White Eagle (21 30% 30% White Mot (4).. 67% 68% ‘Wickwire Sp rts. % % Wickwirepfrts. 7% T wilson & Copf. 21% 21% Willys-Overlan¢ 10% 1015 Wills-Over pf.. 76% ‘Woolworth /3. 116% Worthington... 67% Wright Aero (1) 18% Wrigley 52% Yellow Cal 38% YoungstnS&T. 75 *0dd lots. Partly extra. $Payable } Dittead’ raice as piren 1o hor i %otk @re the annual cash payments based on the L A e e @ividends are not included. = ey 36% 1% 106 72% 21% 15% 29% 30 68 % % 21% 10% 76% 116% 6% 184 52 38 To% 24% | (Bale: Lib 3%s. Lib1st 4 Lib 2d 4%s. Lib 4 43s.. 147 102 US4s1944. 243 100 30 are in 31, High. 65 101 20 5 10131 68 1015 Lib 3d 4%s. 136 10115 1000.) Low. Close. 101 16 10116 101 31 10131 1011 1013 101 13 101 14 101 31 102 FOREIGN. Bales. 2 25 13 3 1 9 Argentine 5s Argentine 6s A. Argentine 6s B. Argentine 7s. Brazil 7s Brazil 734 Brazil 8. Canada bs 1926, Canada 6s 1952 . Canada 5% 192 Canada 5s 1931., Chile 7s 1942, Chile 8s 1926 Chile 85 1941 Chile 85 1946. .. Chinese Gov Ry Christiania 88 Cuba 5 Czecho 8s 1951. Czecho 8s 1952 ct Denmark 6s Denmark 8 Z DEIG5%s Mch '53. DEIG6%s Nov 63, Dutch East I 6s'47 Dutch East I 6s '62 El Salvador 8s 48. . Finland s f 63 1945 French Ts w1 .. French Govt Ti%s French Sovet 8 Germany Tswi... Ger Gen Elec Ts.. Hait! 6s....... Holland-Amer 6 Hungary 6%s Japanese 4s. Japanese 6. ... Jgrgens U M 6s '47 Marseills 6 Montevideo 7s . Netherlands 6s'54. Netherlands 6s'72. Norway 6s 1943 Norway 6s 1944 Norway 6s 1952 Norway 8s. .. Orlent Dev deb 6 Pariy-Ly' ® O S N TTT) - N- T PSS PSRRI P w0 Paris Orleans Prague 7%s. .. Rio de Jan 8s (947, Rio Gr Do Sul 8s. . Sao Paulo State 8s Serbs Cr'tes Slo 8s Sweden %8 ce. ... Swiss 5% s 1946 Swiss Confed 8s. Tokio b6 Ud Kingm 5%s Ud Kingm 5%s Ud Steam Copen 2 wRams i BenanS-Eannamnoie ,‘. %3 High. 4% 964 96% 1027 6% 99% 100 26 100 27 Low. Close. 84% 965 95% 1024 9% MISCELLANEOUS. Ajax Rubber 8s L1 Am AgrChem5s.. 3 Am Agr Chem T%s 10 Am Chainsf6s'33 12 Am Smit & R 1st 51 Am Smit & R 6s Am Sug ref 6s. AmT & Tcltr4s Am T& T cl tr 5 Am. T. & T. SF 5s.120 AmT& Tdeb5%s 12 Am Water Wks 58. 7 Am Writ Paper 6s. 10 Anaconda 1st 6s... 7 Anacon 20 Armour & Co 4%s. 12 Armour of Del 5% 13 Bell Tel Pa 58 Beth Steel pm b Beth Steel rf 53 Beth Steel 5%s'53 18 Beth Steel s { 65... 36 Brier HSt 1st5%s 1 Bklyn Ed gen 58.. 4 Central Leather 5s 1 Chile Copper 6s... ColGas & El5s.... 1 ColGs & El 5ssta. 1 Commonwth P 6s Con Coal Md 1st 5 Consumers Pow 58 64 Cuba Cane cvd 10 Cuban-Am Sug 8s. Det Elison ref 6s. Donner Steel 7s Du Pont de N 7% Duquesne Light fg 3 Est Cuba Suk T%s 171 Empire G&F 7%s. 23 Feder Metls 78°39. & Fisk Rubber8s... & Goodrich 6%s..... 13 Goodyear 8s 1931 Goodyear §s 1941 Hershey 65 1942. Humble O&R 5 Illinols Stéel 4% Indiana Steel 8 Int Mer Marine 6 Inter Paper 58 '47. KCP & Lt 55 A '52. Kan G & El 6362 Kelly-Spring 8s Liggett & Myr Magma Cop cv 7 Manati Sug sf 7%s Midvale Steel 5 Montana Pow bs.. New Eng Tel 68 N Y Eden 1st 6% N Y Tel 4%s N Y Tel 68'41. NY Tel 65'49. North Am Ed s North Am Ed 6%s. _ Nor States Pow 68, Otis Steel 7%5.... Otis Steel 88 Pacific Gas & E1 53 Pacific T & T bs 63 Pan-American Pan Amer Pete 7 Phila Co 5%s'38. Phila Co ref 68 A Phil & Rdg C&I bt Pierce-Arrow 8s.. Plerce Oil deb 8s.. Public Service 6 8. Punta Alegre 7 Saks & Cos f7s Sharon St H 8s. Sinclair Oll 6 Sinclair Oll 6% Sinclair 01178, SinCOples e Bl Gl sus So Por Rico Sug 78 Southwest Bell 5. Steel & Tube D78 ~Sumavo 6 2 1 5 2 5 1 5 1 8 4 1 3 £ 1 % 19 o ey e - A N ek L L LT United Drug 6 U S Rub 18t rf b U S Rubber 7% U S Steel s £ 58. Utah Pow & Lt 6s. Va-Car Chem 1 Vertientes Sug Warner Sug 1 Warner Sug'7s "41. West Elec bs. ata Willys-Ov 6%s'33. 3 Wilson & Co 1st 68 5 Wilson & Cocv 6s. 2 Youngstn S&T 6s. 17 9R8, 99 100% 987 97 108 1013 963 100% 114% 96% 106% 108% 1004 1035 104% 95 100% 95% 9344 110% 105% 94% 105 100 95% 103% 96% 106 105% 1064 116% 90% 94% 100 A 1024 98 106% 97% 100% 103 8644 107 105% 94 87 924 863 99% 9874 107% 854 100 94 66% 29 a8 100 98% 964 108 101% 96% 100'% 95% 102 9514 54 1007 103% 88 93% 101% 9215 9515 884 96% 987 99% 1004 110% 100% 1004 100% 894 93% 101 107% 10715 91 1063% 105% 104% 100% 104% 110% 103% 108% 120% 104 100% 93% 101% 914 89y 96le 101 991 987 126 100% 90 99 99% 114% 96% 106w 108% 100 102% 10435 95 100% 95% 93% 110 105% 9404 1041 100 945 103% 964 105 104 983, 107% 854 100 91 66% 8% 84% 96% 6% 102% 96% 99% 110 105% 945 105 100 954% 1081 96% 106 104 106% 114% | 901 91y 100 85% 17y 10244 98 106% 97 100% 103 8644 106% 106% 94 86 9214 86% 994 9874 10715 854 100 94 864 8% TREASURY CERTIFICATES. 1 B 0 Beptember 15, 1! March 15, 1927. December 15, 1927. 101 31-82 102 116 101 3132 102116 RATES ON BAR SILVER. LONDON, February 7.—Bar silver, 323-16d per ounce. Money, 2% per cent. Discount rates, short bills, 35 and 3 11-16 per oeat; three-month|;.% - bills, 3% and 3 3-16 per cent. | { Chi&ETgnbs.... 27 Chi Great West 43. 66 C M & Puget Sd 4s. 71 Chi M& St P 48°25 15 CM&StPdb4s.. b3 Cni M&St Pev 414y 11 CM&BtPgn4%s 6 Chi M&St Prf 4%s 4 ChiM&StPocvss, 1 ChiM&StP 6s... 21 Chi & NW gn 3145, Chi & N W ret & Chl & N'W 61 Chi Rys b8 ChiRI&Prt4s ChITH&SESs.. Chi Un Sta 4% Chi Un Sta 6%, Chl & W Inc cn 4s. C&W 15348' 62 wi. | Cleve Term 5. . C. & S. 1st 4s, '29. Colo & Sou 4%, Cuba RRS6s...... Del & Hd 1st rf 1a. Del-Hud ev 633 Del & Hudson § Den & Rio G cn - - AmCoar B SeRase Det United 43 Erle 1st cons 4 Ericgen 4s. .. Erie conv 4s A Erle conv 4s B Erie convidsD.... Erie & Jersey 6s. . Erfe Genessee R 63 Gr Trunk sf db 6s. Grand Trunk Ts... Great North b Gr North 51 GrNorthgen7s... 6 Hud & Man ref 5. 21 Hud & Man aj bs.. 23 Il Central 5%s... 1 1 C-CSt L&NO bs 7 Int Rap Tran 5s... £1 Int Rap Tr 68 stpd 178 (nt Rap Tran 6s.. 20 {nt Rap Tran 30 Int & G Nor 1st 6s. 13 Int & G Nor aj 6s..181 lowa Gentrfds... 2 Kan City Ft S 4s.. Kansas City 8 3s.. Kansas City S 5s. . Kan Cy Term 4s Lake Shore 4s 4 . 10 25 1 - Louts & N unt 4s.. Louls & Nis B Manhut Ry cn 4s. . Man Ry 2d 48 2013. MiIIEIRy & L M StP & SSM cn M & St L st ref 4 MK&T lst 4s.... MK&T4sB MK&Tadfbs.... MK&TprinbsA. MK&TésC = M~ Pacific gei Mo Pacific 68'65. .. Mo Paclfic 68 Montrl Tm 1st b Nassau £ Ry 4s 57 13 New Or Term 4s.. 1 NO Tex & M5s B.. 10 NO Tex & M 5% N Y Cent cn 4 N Y Cent ri 6 Y Cent deb 6 NYCenLScl3%s. 5 754 NYChi&StL5%s 5 95% YC&StL6sA.. 12 103 New Havd4s's7.. 7 56% New Haved 17 88% New Haven T 7 99% New Haven s fr.. 21 98% NY,Ont, Wslst4s 8 69% NY Rysadj5sct.. 10 5 NY W & Bos 4%s. 3 614 Northern Pac 33 2 61% Northern Pac5sD 10 97% Northern Pacr 1 6 27 Ore Short L ref 4s. 22 Ore Sht Licn 5546 1 Pennsyl gen 4% 7 Pennsyl gen bs. 11 Pepn. 55. 64...... 40 Pennsyl 6%s...... 17 Pennsyl gold 7s. .. Pere Mrq 1st 43’56 Pere Mara ist 5s.. Por RL & P 68°47. Reading gn $%s.. Rio G West 1st 4s. Rio G West cl 4s.. RIATk&L4%s.. © St LIM&S 4s°29.. 37 St LIM&S R&G 4s. 42 StL&SFpl4sA.. 8 St L &S Fprinbs. 23 & Ty e ERl Ao BEORNATBA A 2 . 100% . 41 116% 35 1034 88% 101% 834 6% 66 78 92 97 96% 88% 88% % 6% 102 102 106% 106 109% 109 57% 574 4T% 47y 92 92 99% 99% 105% 105% 964 964 100% 100% 95% 968 6€% 66M% 927 927 63% 65% on 4s°32 22 St P UnDepbiss.. 6 San 4 & Arn P 4 Seab’d AL 4s 3 . 32 21 1% Sou Pacific 43 '2! Sou Pacific ref 3 Southern Ry gn 4s 13 Southern Ry 1st 65 2 Southern Ry 6sct. 3 Southern Ry 6%s. 3 Third Ave ref ds... 22 Third Ave adj 3 Union Pac 1st Union Pac 4s ‘27 Un Pc 1st rf 58 Virginia Ry st 5s.. 13 ‘Wabash 1st 5s. 10 Wabash 2d bi Western Md Western Pacific Wilkes B&E 1st 5a 11 CHICAGO GRAIN PRICES. CHICAGO, February 7.—Wheat scored a material advance in price early today, influenced by relative firmness' of quotations at - Liverpool, despite the big break in values ves: terday on this side of the Atlantic. An overnight accumulation of selling orders here was quickly absorbed and, with export business in prospect, the market ascended to about 23c above yesterday's finish. On the bulge, however, offerings increased and temporary reactions ensued. Opening prices, which rariged from % to 2%e higher, May 1.87% to 1.88% and July 1.60 to 1.605, were followed by rapid fluctuations, but by much lessened volume of transactions as compared with yesterday’s huge total. Corn and oats averaged higher, sympathizing” with the revival of wheat strength. After opening at to %c decline, May 1.33% to 1.33%, the corn market rose to 1.35 for May, but later lost most of the gain. Oats started unchanged to Y%c higher, May 60 to 603, and then made a moderate general upturn. Provisions were a little easler, the hog market being slow. WHEAT— Open. High, - 1871 1911 D160 " 12y 147% 149 133 1 34% 613 May Septem| | recent steep advance of wheat values | wheat and from traders who had the j mestic primary {large New England mills, which re-| | Riggs Realty FINANCIAL $80,000,000 in New. Bond Fssues Sold; Records Smashed Precedents Set Aside in Making Such Big W eek- End Offering. By the Associated Press, NEW YORK, February i.—Several precedents were broken by the Na- tional City Co. today when it not only attempted the difficult feat of placing $80,000,000 in new bond issues in Sat- urday’s two-hour business period, but actually disposed of the entire lot within a few minutes after subscrip- tion books were opened, at 10 o’clock. The offering consisted of $50,000,000.! for the Consolidated Gas Co. of New York and $30,000,000 for its subsidi- ary, the New York Edison Co. Heavy advance subscriptions have assured the success of the flotation. WHEAT FAR BELOW LAST WEEK'S MARK $2 Per Bushel Becomes Memory as May Delivery Shoots Down to $1.85. By the Associated Press. CHICAGO, February 7.—Two-dollar- a-bushel wheat has become a memory this week, the market giving way under flurried selling day after day, largely on the part of belated buy ers. From $2.05% a bushel last week, the price of the May delivery shot downward to $1.85 for lack of new purchasers in ths face of big shipments to Europe from the South- ern hemisphere and the flattening out of European demand for wheat from the United States. Compared with a week ago, Wheat this morning showed 11% to 17% loss, with corn 1 cent to 1% down; oats, 1% to 3% off, and provisions ranging from 10 cents de- cline to 35 cents gain High Margins Factor. Curtailment of buying power was more or less associated with high margin required from would-be trad- ers unable or unwilling to put up col- lateral that in some cases amounted to as much as 40 cents a bushel. Washington advices telling of steps toward a Federal investigation of the did a good deal also to discourage new buying and to give impetus to heavy selling, both from holders of foresight and money and nerve to act on indications that the market would undergo a sharp setback Steady Inflow of Wheat. Unabated inflow of wheat at do- centers tended fur- ther to put a strain on the market and to weaken the confildence of pro-| moters of higher prices. The strain | was increased also by complaints that there was lack of storage room, this being the time of year when much elevator space otherwise avail-| able has been taken for corn and oats. Relative firmness of corn and oats | was owing in a measure to specu- | lative purchases feasible through | less severe margins than was de- manded for wheat Provisions were chiefl; by the action of corn and COTTON QUOTATIONS ARE STEADIER TODAY Dry Weather and Covering by Re- cent Sellers Bolsters Up | Market. governed € values. By the Associated Press. NEW YORK, February ton market showed a steadier tone in today's early trading. Offerings were much smaller after the decline of vesterday and prices advanced on covering by recent sellers, or a re- newal of commission house buying| promoted by continual dry weather in the Southwest, prospects for con- tinued heavy exports and relatively steady Liverpool cables. The opening was steady at an ad- vance of 7 to 10 points and active positions sold about 13 to 15 points net higher, May advancing to 24.44 and July to 24.73. The early advance here also was| promoted by reports that one of the cently curtailed operations, was re- suming full time. New York cotton futures closed steady at net advance of 16 to 24 points. March May . July Oetober December 38 245234 Opening: Mireh, 24.10: May, 2443; July, 24.66; October, 24.40; December. 24.43. New Orleans Quotation. NEW ORLEANS, February 7.—Cot- ton futures opened steady. March, 24.03; May, 24.34; July, 24.58; October, 24.04; December, 24.05 bid. New Orleans cotton futures closed steady at'net advance of 18 to 21 points. Low. 24.03 2434 24.57 2404 2411 March May . July October December GERMAN BONDS AND STOCKS, (Quoted in dollars per million marks.) Asked. 1975.00 415.00 500,00 Bid. Ger Gt (war loan) 55 1914-18 1925.00 Hamburg 4%4s 1919.. Ger Gt 458 (forced loan) Ger Gt 8-155 1923 (sm pleces (Quoted in dollars per thousan Ger Uen Elec 4145 pre-war.. Ger Gen Elec 4igs 1919.... Berlin ds pre-war. E Hambg 8s, 3% & 48 pre-war Amer Line 414s.... 22583 arks, wHa Balte £ ‘man Lloyd 43 2333138 23! ais T ) Py Krupp 5e 1921. Duseeldorf 4s pre-war Frankfort Munich 4s pre- Badische Anili A E G (Ger Ge Elec) : Commerz and Privat Bank... Disconto Gellschaft Dresdner Bank Deutsche Bank Darmstaedter Bank . Mercur Bank Vienn Y R FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks sold relne H sssgasy 33832823528328255 £ EEREESBESnatiil 333333335438t =88 London, pound Montreal, Gollar Budapest, crow, Prague, crown Warsaw, zloty. nba; crown . crown Stockholm, crown . —_— LIVE POULTRY PRICES. CHICAGO, February 7.—Poultry, | the new organiz L. Schmidt has been named p | naturally TREASURY ISSUES CALL FOR FUNDS Reserve Banks to Pay $17,- 961,100 Next Tuesday. Form New Title Company. BY CHAS. P. SCHAEFFER. Member banks of the Federal Re serve System will pay $17,961,100 into their reglonal members next Tuesday this amount representing 8 per cent of the amount on deposit to credit of the Government arising from the sale of Treasury bonds 1944-1954, dated December 15, 1924, and bearing interest at the rate of 4 per cent. The loan aggregated § 42.500, ot which $532,230,000 was in exchan It is redeemable on and after Decern ber 15, 1944, on four months’ notice Announcement was made today o the organization of the Title and In vestment Company of Montgomer County, Md., with an authorized cap ital of $250,000, formed to specialize in searching titles in Montgomer and Prince Georges Counties. Ger eral offices have been opened at 1512 K street northwest. The title, plant, business an X will of the Maryland et e ’;“lvu(ehe(‘:mpany has been purchased 3 ew compa e By pany along with th C. Francis Owens, formerly as soclated with the Maryland company Will be in charge of the title work of tion, while Earnast ider include Eugene A G. Bishop, vice pres Francis Owens. vice presi- title officer; Clarence F. Donohoe, secretary: Leonard 1. Nicholson, Jr., treasurer; Eugene W Cissel, assistant secretary and tr urer and Albert M. Bouic, gener counsel. Directors include Dr. Benjamin ¢ Perry, George ¥. Kane, Thomas K Jarrell, Norman C. Brown, Jess E White, J. Curtis Walker and the of ficers named. Despite the firregularities which still appear, the business situation is favorable and gives promise of fur ther improvement, according to the weekly review of R. G. Dun and C One of the best signs, the revie says, is the absence of speculativ excesses in trade, there being strongly marked disposition to avoid over extension of committments and to prevent a too rapid rise of prices Expansion of demand in recent months has brought about a sharp recovery in manufacturing activity but the buying has been based chief 1y on actual needs, and in most cases a close balance between production and consumption is being maintained Reports of better earnings by cor- porate interests reflect the larger operations and the more profitable prices, while the additions to work- ing forces that are still being mada increase the public pur chasing power and strengthen the prospects for a well sustained distr bution of general merchandise, the Other officers Smith and A dents; C. dent and Washington Stock Exchange SALES. Capital Traction 5s—$1,000 at 99 at 993, $1,000 at 991, Potomac Elec. Cons. Potomac Elec. 65 1853—$400 at 102, Potomsc Elec. . & r. s 19413500 ton Gas 63 '33—$3,000 at 103 Rwr. & : 34,000 tion Co. Vashington S £3.000 55—3$2.000 at 99 Washington Gas Light—10 at 58, Lanston Mootspe—10 at 78, 40 at 75 AFTER CALL on Gas 6s '33—$600 at 1 on Hwy. & Elec. 45—3$4, t 1%, 5 at 913 33005t 101 UNLISTED DEPT. Chapin-Sacks 7% prd.—4 at Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telga. 4n.... Tel. & Telga. 415 & Tel. ctl Avacostia & Potomac guar. bs. 5 Teleplione 5s. Teleplione of ital Traction R. R. 35 an Georgetown Gas 1st 5s. Potomac Elec. 1st 5 Potomac Elec. Cons. 5s. Potomac Elec. Gs 1953.. Pot. Elec. Pow. g m. & r Wash., Alex. & Mt. Ver. Ales & Mt. Ver. Balt. & Annap. bs Southern Bl Wash. Mkt. Cold Storage bs. Wardmaz Park Hotel G... STOCKS. PUBLIC UTILITY. American Tel. & Telg: Capital Tractio Washington G 2 Norfolk & Wash. Stsamboat.... Wash. Rwy. & El Wash. Rwy. & El Terminal Tazl com. NATIONAL BANK ational Capital . ‘olumbia Commercial District A Farmers ‘& Mechanics’ Federal-American Liberty . Lincoln .....v..es Natioual Metropolitan. Riggs Second Nationai TRUST COMPAN American Security & Trust.. Continental . w‘l‘::m(wn Loan & Trust. SAVINGS BANKS, Commerce & Bavings . Vashington Security Savings & Seventh Street United States Washington Mt FIRE INSURANCE. American Firemen's ... National Union TITLE INSURANCE. Columbia Real Est 3 MISCELLANEOUS. Merchants' Transfer & Storage.. Mergenthaler Linotype . Nati. Mortg, & Invest.” pfd Old Dutch Market com Old Dutch Market ptd. Lanston Monotype Becurity Storage Washington Mar! BOSTON STOCK MARKET. BOSTON, February 7.—Following is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: High. 181 Close. 14% 873, Ghiy Low. Arizona Com . Bingham . Calu & Ariz ... Oalu & Hecla . Conner J T . Copper Range . East Butte . 0ld_Dominion Pacific Mills . alive—Unsettled; fowls, 20a23; sprin 25; roosters, 18; turkeys, 2i 25; geese, 16, guiney - iwift & Co . United Shoe Mach . Ventura Oil ...