Evening Star Newspaper, February 9, 1925, Page 26

26 & STOCKS IRREGULAR IN TRADING TODAY Cast Iron Pipe Above 200 for . First Time—O0ils and B Steels Heavily Sold. BY STUART P. 1 Dispatch to The Star. SW YORK, February 9.—Tod stock .market was very much like that of other Monday’s because of its small fluctuations in the general body of the share list and the un- certainty of the pricé movement. The dealings' were cnlivened by a few sensational happenings like the big advance in United States Cast Iron Pipe, which shot across the 200 level for the first time. There were per- pendicular gains of several or more points among specialties, while the market as a whole held steady. Pools were active in individual stocks. Olix and Steels Sold. Selling was heavy in oils and steels, but it was not forced to the extent of involving any weakness. Some rge blocks of Texas Pacific Coal and Oil were suddenly dumped over. causing @ drop to 20, as compared with Saturday’s final of 21%. But around the 20 level the stock ran nto effective support. Pacific Ol under 63 was over 2 points from its recent high. Phillips Petroleum, Gen- eral Petroleum, Standard of New Jersey and Skelley were all freely offered. The campalgn in the oils had evidently been stopped for the time beinz, but some of the big houses. which had been right before, were saying in their letters that the pause was only temporal WEST. raction Stocks Strong. The New York City tractions, Erooklyn, Manhattan and Interboro Tapid Transit, opened up sharply on the McAvoy report. Later in the day they reacted. The opinion was ex- pressed that the outlook was better than it had been for increased fares, but that there was not enough as- surance along this line to be a stock market factor. The sugar stocks were very strong. Accomhpanying the buying were re- ports that the sugar market itself was hardening. Still there was not enough avtual advance in sugar quo- tations to have accounted for the ad- vance of & point to over two points In stocks like American Sugar, Cuba Cane preferred, Punta Alegre and Cuban American. The statement has been made repeatedly that these stocks had been among the first to complete the readjustment which started in the general market after the first few days of January, and which terminated toward the close of the month. Probably there was <ome remnant of the old short in- terest which was being run in today. Realizing Sales in Rails. Railway shares did little. Realiz- ing sales were prominent in Southern Railway, and Missouri Pacific pre- ferred was off over a point. New York Central had a runup, but it was brief, and Texas and Pacific struck 50 for the first time. The spectacular rise in United States Cast Iron Pipe brought out the ac- customed rumors about a short inter- est in difficulties. But those who have heen most accurately Informed re- zarding the stock all along claim FINANCIAT. NEW Adams Exp (6). Ajax Rubber.... Aax rights..... Alaska Juneau. . Allled Chem (4). Allted Cm pt (7) Allts Chalm (4). Allfe Chim pt (1) Am Agricul Chm Am Ag Chm pt. . Am Beet Sug (4) Am Bosch. Am Can (18) Am Can pt (7) Am Car & F (12) Am Chain A (2). Am Chicle, Am Chicle ctts. . Am Drug Snyd.. Express (6). Am & For Pow., Am & Fr P pt(T) Am Hide & Lea. Am Hide & L pf. Am Ice pt (6). Am Internatl. Am La France (0 Am Locomo (6). Am Metal (3). Am Radfacor (4) Am Safety Raz. . Am Ship & Com. Am Sm & Ref (6) AmS & R pf (7). Am Stl Fdys (3). Am 8tl Fy pt (7) Am Sugar...... Am Sugar pf (7) Am Sumatra. ... Am Sumatra pf. AmT & Tel (9 Am Tobacco (7). Am Tobac B (7). Am Tobac pf (6) AmW W&EI 30c. Am'W W pf (6). Am Woolen..... Am Wool ptd (1) Am Writ Pap pf. Am Zine. Am Zinc pt Anaconda (76c). Ann Arbor pf. Archer-Danfels. Arch-Dan pf (1) Armour Del (7). Arn Cons & Co.. Asso D G 1st (8) Asso Oll 134)... AtT & S Fe (7). AT&SFpf (5). At] Birm & At... Atl Coast L (18) AtGulft& WI... At Gulf & W I pt Atlantic Refiinin Auto Knitter, Auto Sales. Baldwin L (7). Bal & Ohio (5) Bal & Oh pf (4). Bang & Ar (3) Barnsdall A.... Barnsdall B. ... Bayuk Cigar.... Beech-Nut (3) Bethlehem Steel Beth 8tl pf (7) Beth St1pt (3).. Briggs MIg(3L) Bkl Edison (8).. Brk-Man Tran. . Bklyn Man pf (6 Brklyn Un G (4) Brown Sh pf (7). Bur Add Ma (3). Butte Cop (50¢). Butte & Superl Caddo Central Cal Pete (1%) Cluet Pea pf Callahan Zinc. Calu & Ariz (2). Calumet & H (1) *Canada Sou (3). Can Pactfic (10). Cent Leather. that it is simply a case of huge earn- ings showing in market prices. Uni- versal Pipe and Radlator preferred was actively bought, and so was Al- lied Chemical. Commercial Solvents stocks had another remarkable runup. Wall Street Features. The extraordinary strength in Ma- Wieson Alkali common, which open- ed up 6 points from the Saturday close. was explained on the grounds of highly satisfactory earnings and dividend prospects. The stock had an advance of over 7 points last week. Buying went on in Cuba Cane Sugar preferred in anticipation of the resumption of dividends, which were suspended in 1921. The Street felt that with the restoration of the pre- ferred to a 7 per cent basis the stock ghould be selling higher. The fact that Kennecott Copper di- rectors did not increase the dividend &t the meecting last week apparently caused little disappointment, for the stock did as well today as the aver- age member of the metal group. Con- fidence was espressed that the pres- Cent Leather pf. Century RIb (2) Cero d Pasco (4) Certain-Teed. .. Chand Mot (3) Ches & Ohfo £4). Chicago & Alton Chic & Alton pf. Chic & East Ill.. Chi & ETNIDf.... Chic Gr West. Chic Gr West pf. Chi Mil &St P... Chi Mi] £ S P pf. Chi & Nwn (4 Chi Pneu T (.- ChiR1& Pac. CRI&PDt (6). CRI&PDL (7). Chile Cop (2%). Chino Copper. Cluett Peab (5). Coca-Cola (7). .. Colo Fuel & Iron Colo Southern. Colo Sou 1st (4). Col G & E (2.60). Col G & E pf (7). Col Carbon (4).. ent $3 dividend on Kennecott would be raised at the next meeting. Call Money Higher. Call money renewed at 313 per cent as against 3 per cent last week and during the course of the day new loans were made at 413. This was the response to the deflelt reported Saturday by the New York Clearing House banks. Of course, there has not as vet been much resort to dis- counts at the Federal Reserve bank and this would have to occur before there was any serious tightening in the money market. But the course of rates today fitted in with the best judgment in bank- ing circles, which is that money is working higher, partly through the influence of the activity in the specu- Jative markets and partly because of larger trade\demands. STOCKS CLOSE UNEVEN. Nash Motors Breaks 8 1-2 Points in Last Hour. By the Associated Press NEW YORK, Februa movements in today’s stock market lacked uniformit Bullish demon- stratiofs were 2 sively conduct- ed in a number of high-priced indus- trials specialties, but heaviness crop- ped out in oll, cquipment and rail issues. Total =sales approximated 1,350,000 share The closing was irregular. General Motors and Radio €orporation were in brisk demand in the late trading, but Raldwin, American Locomotive and a number of other popular indus- trials were heavy, Nash Motors break- ing 81 points. —Price l Markets at a Glance EW YORK—Stoc! States Cast Iron Pipe soars 15 points. Bonds firm local traction issues lead advance. Foreign exchanges steady; sterling moderately higher. Cotton higher; outside buving. Sugar steady; favorable spot market. Coffee higher: casier Brazilian markets. CHICAGO — Wheat mainly lower; profit-taking. Corn easy; disappointing cash demand. Cattle steady to lower. Hogs higher. irregular. United FOREIGN EXCHANGE, (Quotations furnished by . B. Hibbs & Co.) Nominal Selling checks sold Londoo, pound . Moutreal,” d Paris, franc . Brustels, fr Berlin, mark Rome, lira Zurich, Budspest, crown Prague, crown Warsaw, zloty . Copenhagen, crown . Christiania, crown Stockholm,’ crown A spoonful of success is worth a sallon of failure. Com Solv B.. Congol-Nairn (3 Conley Tin Foll. Consol Cigar-.... Con Clgar pt (1) Con Distributrs. Consol Gas (5) Consol Textlle. . Cont Can (4).... Cont Insur (6).. Cont Mot (80c).. Corn Prod (2). Cosden Co...... Crucible Stl (4). Crucible pt (7). Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuban Dom pt.. Cushmans (3)... Cuyamel Fr (4). Dantiel Boone, Davison Chem Del & Hud (9) Del L& W (6). D& RGWstpf.. Detroit Ed (8).. Dome Mines (2). Doug Pectin (1). Du Pont (8)..., Duquesne of (7 Eastman (18)...1 Eaton Axle. . Elec St Bat (16). End-John (5)... Endicott pf (7). Erie 2d pf Exchank Fairbks (3.60) Famous Pl (8) 90% 87 95% 37% 28 65 907 46% b4 64 4% 106 48 181 40% 16% 30% 87 6% 8% 4% 64% 115 9 40 34 4% 95 32% 14 60% 6% 42 69 bl1% 6% 4TH 141% 140 47 114% 15% 15 147% 107% 14% 12% 65% 704 115% 82% 43% 4% 19 85% 96% Fed Lt & T (°7). 137 Federal Mines. . ed Mines pf (1) 63% 68% ::ld Phoenix (6) 167% 167% Fifth Ave (64c) Fisher Body (5). Fish Bd O pf (8) 106 ¥k Rubber. oundation (6). 106% 107% D ouneSipf (1). 104% 1043% Freoport-Texas. rdner Motor.. Soh Am Tk (3) Gen Asphalt Cigar (8)... 96% 95 g:l‘ll otric (8) 243 245% Gen El spl (60¢) Gen Motors (5) . Gen Mot pf (7).. 108% 108% Gen Petrol (2).. Gen Refrac (2).. Gimbel Bros . Ginter Co (1%). Glidden Co Goodrich. Goodyear pf. . Gdyear prior (8) 106% 106% Grt North pf (5) Grt Nor Ore (4). Grt Watn Su (8) Greene Canan... Guantanamo.... Gulf 8t Steel (5) Hartman ($2.50) Hayes Wheel (3) Hayes W pf (7% Helme Geo H... Homestake (17) 23 12% 661 13% 84% 10% 11% 54 58 1% T7% 51 bd% b2% 23 16% 4T% 93% 70% 38% 94% 18 5% 92% 1% 38 108 6% 44 Chi & Nw pf (7). 11564 11515 90% 48% 87 96% 37% 28% 66 94 46% 54le 64 48% 106% 48 Com Solv A (4).. 175% 180% 181 42 16% 304 87 % 8% 4% 656% 116% 9% 40% 4% 4% 96 32% 145% i 60% 5% 41% 69 60% 5 46% 141% 140 47 114% 16% 15 147 106% 114% 121 €67 69% 115% 32% 42% 41% 19 86% 95 136% 23 62%4 167% 12% 65% 106 18% 84 80% 106% 102 10% 11% b4 57% 95% 243 1114 7 108% 50% b4 624 22% 15% AT% 92% 106% 69% 38% 94% " 18 5% 1% 81% 37% 103 k(3 44 13 66% 106 13%. 84y 10% 11% b4 658% 1% 78% 51% b4 2% 23 16 _ 484 93% 70% 38% 95% 103% T6% 4“4 8% 4% 66% 114% 9% 40 384% 4 95 32% 14% 61% 5% 42 69 b1% 5 A47% 141% 140 47 114% 15% 15 148% 106% 115 12% 65% 69% 115% 82% 42% 41% 19 854% 95% 136% 23 62% 167% 13 65% 106 13% 84 81% 107% 104 10% 11% b4 b58% 95% 2456 1% 8% 108% 50% b4 b2% 22% 15% 48 93 106% T0% 38% 95 18 5% 98% 82 89 103% 76 4 | | THE EVENING Househ P (13%) Houston Oi1 Hudson Man.... Hud Man pf (5). Hudson Mot (3). Hupp Mot (1)... Illinots Cant (7) Independ Ofl (1) Indian Motorcyc Indian Refining. Ingersoll R (S). Inland Sl (2%). Inspiration Cop. Interb Rap Tr.. Internat Agri. .., Int Bus Mac (3). Int Cement (4). Int Com Eng (2) Internat Har (5) Inter Har pf (7) Int Mer Marine. [nt Mer Mar pt. Internat Nickel. Internat-Paper. Int Pap pt st (6) Inter Salt (6). .. Int Tel & Tel (6) Iron Prod (n)... Jewel Tea Sewel Tea pf. Jones & Lau (7). Jordon Mot (3). Open. 6% 82% 26% 65% 8914 16% 115% 26% 16 9 240 49 34% Kansas & Guif. . " KCP & L 1st (7). Kan City South. Kan C So pf (4). Kayser (Julius) Kelly-Sprgfield. Kelly Spriug 1st Kennecott (3). . Weystone T & R. KinneyGR..... Kresge SS (8).. Kresgs Dep Str Kuppenhm pf ( Laclede Gas (8). Lee Rub & Tire. Lehigh Val (3% Lig & My B (14). Lig & My pt (7). Lima Loca (4).. Loews Ino (2) Loft. Loose-Wiles Bis Long Bell A (1). Lorrillard (3) Louisiana Ofl. . . Louls & Nash (6 Ludlum (2) McCro (1.60) B.. Mclntyre (1). Mackay pf (4).. Maci Trucks (6) Mack Trk 2d pd. Magma Copper. Afagma Cop rts. Mallinson & Co. Mallinson pf (7) Manat! (5)..... Manatl pf (7). Man Elev gtd. ... Man El md g (5) Manhat Shirt (3) Maracaibo Oll Marland Of1 Martin-Parry 4. Martin-Par rts. Mathieson Alka. Mathleson rts.... Maxwell Mot A. Maxwell Mot B May Dept St (5). Mexican Seabd.. Miami Cop (2).. Middle States. .. Minn & St Louls M StP&SSM pf 4 MStP&SSM 11 (4) Mis Kan & Tox. MEK&Tpf (5).. Missouri Pacific Missouri Pac pf. Montgom Ward. Moon Mot (3)... *Morris & Essex Mother Lode 750 Mullins Body.... Munsingwr (3). Nash Mot (111). Nat Acme...... Nat Blapu ) Nat Cl1 & S pt (7) Nat Dairy (3) Nat Dept Stores Nat Distillers pt Nat Enamel & 8 Nat Lead (8).... Nat Ry Mex 2d.. Nat Supply (3). Nevada Copper. NOT&M t23%. NY Alr Br (4).. NY Central (7). NYCStL(6)... NYC&StL pf (6) N Y Dock N Y Dock p NY NH & Hart.. NYO& Wst (1) 105'% 1644 22% 14% 6815 €3 36% 86 41 834 50% 241 78 8% 163, 32 270 6% 6914 193 46% 40% 64% 3414 158 264 1224 128 ults 27% 56'% 307s 231 Y Niagar F pf 13.+ 28y, Norf & W (18).. North Am (3.40) North Am pf (3) North Pac (5) Orpheum (1.80). Otis Elev (15%) Otls Steel... Pac Coast 2d pf. Pacific Gas (8). Pacific O11 (2).. Pac T&T pf (6). Packard (11.50). Pan-Amer (4).. Pan-Amer B (4) Park & Tilford. Penna C & Coke. Pennsy RR (3). Penn Seab Steel. Peorles Gas (8). Pere Margq (4).. Phila Co (4).... Phila Co pf (3). Phila& RC& 1. Phillip Morris. . Phillips Pet (2). Pierce-Arrow.. Plerce-Arrow pf Plerce Oll. . Pierce Ofl pt. Pierce Petrol... Pitts Coal z Pitt F W&C (7). Pitts Term Coal. Pitts & West Va Postum-Cer (4) Press Steel Car.. Prod & Refiners Pub Ser N J (5). Public Sery rts. Pullman Co (8). Punta Al Su (5). Pure Oll (1%). Pure Oll pf (8).. Radio Corp of A. Radio-C pf (3%) Rand Mines 1.71. Ray Cons Cop Reading (4) ReadIng ris.... Reading 1st (2). Read 2d pf (2).. Remington Type Remingtn 1st (T Replogle Steel.. Rep Ir & Steel. . Reynolds Sp (1) Rey Tob B (3).. Rey Tob pf (7 Roy Dutn 4.42% St Josepn Ld (2) St L & San F (5) StLSanF pf ( St L Southwest. StLSwn pt (5). Savage Armi Schulte (8). Schulte pf (8 Seaboard Alr L. Seabd Alr L pf. Sears-Roebk (8) Seneca Copper. . Shell Union (1). Simmon Co (2)... Simms Pet (50¢) Sinclair Oll. Sinclatr pf ¢ Skelly Oil.. Sloss-Sheff (6).. South Port 8 (6) South Pac (6).. Southern Ry (6) South l)‘.y‘ Pt (5). Spicer MIg..... Sta Gas & Bi (1 St Ofl Calif (2).. StOINJ (1)... StOINJIpL (7). Sta Plate Glass. Sterling Prd 6% Stew Warner (6 7 448, 26! 90 10% 41% 1045 63% 96 15% 14% 75 82% 20 axn 284 113% 69% 54% 46 49% 145 44'% 13% 48% 3 35% 8 62 140% 60 71 98%. 6414 30% 1% 27 143 45 32% 106% 637 52 34% 17 9% 23% 81% 41% 50% 100 20 58% 16 77 120% 554 4“4 69 80% 51% 3 B5% 116 112% 24% 43% % % 23 224 91% 29% 95 67% 107 89% 36 16% 43% 65% 45% 1184 14 64 2% 112% 45 '. 101 YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 91y 42% 104% 62% 96 16% 3% 4% 325 20 ax 2% 5 114 69% I 46 504 15% 435 13% | 49% 3 35% % 52 1404 60 71 98% 64% 3014 1% 27 143 44% 32% 106% 66 52 34% 1674 9 23 374 41 49% 100 20 58% 16% 7% 12016 65% 44 69 82 51 73 8514 6% 114 2434 427 161 % 27 313 22% 2214 91% 29% 95 68y 106% 89% 8 + 16% a3 64% 45 118% 14 [ |88 and were |leaders in the.sugar zroup, going up | bonds are Pittsburgh and West STAR, WASHINGTON, QUOTATIONS HIGHER [N BOND MARKET Traction and Railroad-Liens Strong—0ils Yield to Profit Taking. BY GEORGE T. Special Dispatch to The Star, NEW YORK, February 9.—Atten- tion was concentrated on the local tractions directly at the opening of busines in the bond market today. Publication of the report of Justic McAvoy on the New York City trac- tion situation brought a flood of buy-~ ing orders into the market. The re- sult was gains of 21 points in the Interborough 5s, stamped and un- stamped, and of about the same amount in the Third Avenue adjust-| ments. Interborough 6 per cent notes were up over a point, while the 7s made a smaller advance. Third Ave- nue refunding 4s were also higher. Heavy Selling Crops Out. After the first burst of enthusiasm heavy profit-taking set in_and quo- tations receded sharply. There had been heavy buying of local tractions in the last few minutes before tiwe close on Saturday, giving a substan- tial advance.on the weelk, and so they were more susceptible to the sort of seiling that followed today's jump. Brooklyn Manhattan Transit 6s crossed largely dealt in, but with- out so great net changes. Bastern Cuba Sugar HUGHES. s were ihe with Cuba Cane Sugar stock. The convertible into Cuba Cane common at 20, a privilexe which stimulates speculation. Cuba ¢ane 8s sold above 101 and the Cuba Cane 7s gained a point and threc quarters, Liberty Bonds Up. Trading in the speculative rails went on at a more moderate pace than last week. The Chicago and Alton 313s were still in favor, merger reports being given as the reason. Some of the second-grade investment issues were in demand, such as South- ern Railway general 4s and Kansas City Southern refunding 5s. The last named at the market vields 5% per t United States Government bonds and savings bank rallroad issues were firm or a shade higher. Changes in the foreign list were for the most part unimportant. Among new offerings were $2,000,- 000 Texas Power and Light first os to yield 5.28 per cent, and $3,500,000 City of Los Angeles 4l%s, maturing serially, to yield 3.50 to 4.40 per cent. L& NIAKES HEAVY GAINS IN TRAFFI Other Roads Also Increase Earnings During First Three . Weeks of Year. Br the Associated Press NEW YORK, February 9—The ginia Rail- way and the “Nickel Plate” showed the largest increase in traffic in the Eastern region for the first three weeks of the year. In the South, Louisville and Nash- ville, the Nashville, Chattanooga and St. Louis and the Gulf Mobile and orthern were conspicuous for their gains. Four of the six Northwestern | roads,gained more than 10 per cent| and the other two exceeded 5 per cent Western Pacific showed the great- est increase in the Central Western' region, followed by Denver and Rio| Grande Western, Gulf Coast, Inter- national Great Northern and Missour Kansas-Texas. Increases ranging from 12 to 34 per cent were shown by Missouri Pacific and St. Louis-San Francisco A man may not be perfect. but when he is with his wife she thinks he isn't far from perfection. Stromberg (6). Studebaker (4) Submarine Boat Supertor Oil. Supertor St (3). Symington Symington (A). Telautograph. . Tennessee Coppe Texas Co (3)... Tex G Sul (17%) Tex & Pacific. .. Tex & Pac C & O Third Avenue. Tide Wat Ofl (4 Timken (13%).. Tobac Prod (6). Tobac Prod A (7 Transcont Ofl.... Underwood (3). Un Bag & Paper Union OIl (1.80) Un Pacific (10). Un Pac pf (4)... Utd Alloy Bteel. United Drug (6) Utd Ry Invest. U S Cast Iron P U S Distributing U S Hoft (50c).. 24 U S Ind Alcohol. 82% U S Realty (8).. 126% S Realty pf (7) 129% Rubber..... 487% Rub 1st (8). 97% S Smelting. 36 USSmpt (3%). 46 U S Steel (17)... 126% U S Steel pf (7). 123% Universal Pipe.. 45% Univer P pf (7). 86% Utah Copper (4) 91 Utah Securities. 48% Vanadium. .. 20% Va-Caro Chem.. 2% Va-Caro Chpf.. 124 Va Ry & Power. 6% Vivadou.... 11 26% 63% 18 96% 164 24% 36 1204 108 734 13% 22 16% 29% 301 7% % ™% T% 22% 1% Ti% 4bla 4o% 9% 9% 5% 6% 32 33 16% 15% 22y 224 14% 4% 9% 9% 474 4T% 1044 104% 50 50% 21% 21% 14% 14% 144k 1445 42% 424 7 % 97 5 39 41% 151 75 31% 1193 20% 195 35% Waldort (1% West Pen pf (7). West Maryland. West Md 2d ... Western Pacific. West Union (7). ‘West Alr Br (6). Westinghse (4). Weston BleC....... ‘Weston Elec A Wheel & L Erl Wheel & L E pf. White Eagle (2} White Mot (4). . ‘Wickwire Sp rts. Wickwire pf rts. wilson & Co. wilson & Co pf. Wwillys-Overlan¢ Wills-Over pf.. Woolworth /34, Worthington. ... Worthington A ® . Wright Aero (1) Wrigley (3)« Yellow Cab..... Youngstn S&T. *0dd lots. {Partly extra, $Payable in preferred stock. Dividend rates as lglv!n in the mbove table arc the anpual cash payments based on the Jatest quarterly or half-yearly deciarations, Unless otherwise noted, extra or 51% 87% 5% 73% | dividends are vot included. D. C. MONDAY, FEBRUARY 9, 1925. - FI ANCIAL, [ovsmwvore BONDS o] | WAY WHEAT §1%3 | STATE HOLIDAYS Received by Private Wire Direct to The Star Office. FOREIGN. . Low. 84k 96% 95% 102% 96% 29% 5~ 8T% Brazil s.... Brazil T%s Brazil 8 944 109% 107% 111 92% 8o 82% 106% 96% 4 101% Canada bs 1952 Canada 5%s 1929, Canada bs 1931. Chile 7s 1942 Chile 85 1941 Chile 85 1946. .. Copenhagen 5% Cuba 5%s.... Crecho 8s 1951 Czecho 8s 1952 ct. Denmark 6s Denmark 8s...... DETI5t%s Mch63. DEI5%s Noy '53. Dutch East'T 6s 47 Dutch East I 6862 Finland s f 6s 1945 Framerican 7%s.. French 7s w1 French Govt 733, French Govet 8s. . Germany T wi. Ger Gen Elec Greek 78 w i Halt! 6s Holland-Amer Hungary 61s Japanese 4s. . Japanese 6%s. ... Jergens U M 6s 47 Lyonsés......... Marseille 6: Mexico 5s. Montevideo : Netherlands 68 '54. Netherlands 6s '72. Vorway 6s 1943. Norway 634944 Norway 6s 1952. Norway 8s. Orient Dev d. Parls-Ly's-Med Paris-Ly" Parls Orleans 7s.. Prague 7i%s : Queensland 6s.... Queensland 7s. ... Rio de Jan 83 194 Rio de Jan e 1947. Rio Gr Do Sul 8s. . Sao Paulo City 8s. Sao Paulo State §3 Seine Dept of 7s... 9 Serbs Cr'tes Slo 88 107 So! 1 Sweden 5% cu. Swiss 545 1946 Swiss Confed 88 Toklo Be. - ... Ud Kingm 5%s Ud Kingm 5%8°53. Ud Steam Copen 68 Zurich §s 6 8 4 4 4 3 1 3 1111% 103% Close. 84Y% 96% 6% 102% 95% 90% 87% 94% 109% 107% 111 92% 85% 8% 106% 9% 101% 1034 103% 102% 1005 108 107% 91 99% 4 101% 100% 103, 3 110% 96% 26% 100% 100% 56 95 91% 100 1087 4% 93% 8% 87% 86% a2 92 92 103% 103% 110 96 28% 6% 394, 102% Gty 853 8415 9915 101% 115 67'% 116% 106% 944y 114 MISCELLANEOUS. Ajax Rubber3s... 11 987 Am AgrChem 5s.. 10 99' Am Agr Chem 7%s 27 100% AmChalnsf6s’'33 2 98 Am Repubdeb 6s. 1_ 96% Am Smit & R 1st 52 97 Am Sugref6s..... 7 102 AmT& Tecltr 4 96% Am T& Tcltr 5. . Am. T. & T. SF 58.153 Am T & Tdeb54s 94 AmT& Tcy 6 1o Am Water Wks 58 Am Writ Paper 6s. Anaconda 1st 6s Anaconda cv db 78 Armour & Co 4%s Armour of Del 5% Associated Oil 6 Atlantic Refin 5a. Beth Steel 51353 Beth Steel s { Brier H St 1st 5 Bklyn Ed gen 5s.. Calif Pete 6128.... Central Leather o3 Chile Copper 6: Cin G E5%s'62... ColGas & Elbs. .. Commonwth P 6s. | Con Coal Md 1st 58 Consumers Pow 58 = Cuba Cane cv 7t 3¢ Cuba Canecvd8s Cuban-Am Sug 88 Dery (DG) Ts.... Det Edison b8 "40. Det Elison ref s Du Pont de N 7% Dugquesne Light 6 Est Cuba Sux T Empire G&F 7 Feder Metls Fisk Rubbe: 8 Gen Elecdeb 53... Goodyear 8s 1931 Goodyear Ss 1941 Hershey 68 1942 Humble O&R § Iilinots Bell Ist Illinois Steel 4% Int Mer Marine 6 Inter Paper 58°47. KCP & Lt 68 A '52. Kan G & El 6862 Kelly-Spring 8s. Lackawa S 53 '3 Liggett & Myrs 5 Liggett & Myrs 7 Lorlllard (P) 58 Lorillard (P) 75 agma Cop ¢ :a:au Sug st 7%3 Midvale Steel 58. . Montana Pow 5! Mor's&Co 15t 4% New Eng Tel b8 N Y Eden lst 6%3 NYG EL H&P 43.. N Y Tel 4%3 N Y Tel 68 '41. N Y Tel 68’49 North Am Ed 68 North Am Ed 6% Nor States Pow 58. Nor States Pow Ss. ® <2 —t SacwdisvnwmamaiaBRoRaesio ot G e 2-5%a cific G g:cmc T&T6s Ppan-American ! Pan Amer Pete 7 Phila Co 5%3'38. Phila Co ref 68 A Phil & Rdg C&I 5 erce-ATTOW Producers & RE publlc Service, 6 Punta Alegre 7 aks & Cosf g'mchlr oll 6 Sinclair Ol 8% Sinclair OF Sin Crude OH 84 Sin C ‘(; o‘:&: 2 Sin Pipe Skelly Oil 6% So Por Rico Sug Southwest Bell 5t Steel & Tube 78, Sug Est Orlent 78 Tenn Elec Pow 6 Toledo Edn 18t 7 Unlon Bag & P & United Drus 6 U § Rub 1st rt ba. U S Rubber 7% U S Steels £ 58, Utah Pogh& Lt b ‘ar Chem ‘é. S.,cn T%s sw 20 Warner Sug 7 34 ‘Warner Sug 78 '41. Wes ‘Westinghouse 78 Wickwire Spen 7s. Willys-Ov 6% ‘Wilson & Co 1st. Wilson & Co c¥ 6s. Wilson&C cv 7% Winchester A 7%s Youngstn S&T 98% 9915 100 984 964 2674 10115 26% 1001 95 101% 129% 95% 54% 1003, 973 93% 90%, 894% 964, 1014 995 91’5 99% 1754 9614 115 127 1003 90% 99% ]2 9974 1144 86 96% 106% 108% 99% 1034 95% 105 94% 954 93% 110 105% 94% 104% 1001 94% 110 96% 106% 105 114% 89%4 93 a 100% 100 857 17 4 1025 9715 4 106% 97 100% 109% o] 103% 86 4 106% 105 93% 86'% 49 86% 98% 987 1114 107% £6 100% 93% 66% 65% 101% 98% —_— On the top of the five-story build- ing of ax Italian automobile factory is a test track more than nine miles long. 110 a6k 934, 6% 9915 102% 901 #6'% 8414 9943 101% 115 671 116% 106% 25 s 987% 99'% 100% 93% 9613 100 114% 86 96% 107% 1087% 99y 103% 954% 105 948 954 933 1101 1051 9474 104% 1004 95% 1104 97% 106% 105 114% 8974 93 100% 100 86% 17% 1024 9% 106% 97 100% 109% 964 103% 86% 106% 105 93% 874 49% 86% 984 99 1% 107% 86 100% 93% 66% 65 101% 98% { K UNITED STATES BONDS. (Sales are in $1,000.) Bales. High. Low. Lib3%s.... 57 10124 10117 10124 Lib1st43%s 20 10130 101 26 10126 Lib2d 4%s. 125 1013 1011 1013 Lib3d 4%s. 118 101 14 10111 10114 Lib4 4%s.. 412 102 10128 102 U S 451944, 296 100 30 100 27 100 27 US4%s52. 19 1053 104 30 10430 RAILROADS. Sales. High. Low. Close. 83 83 83 v Atcnson adj 4s Atchison Gen 13 89% 89% 894 AtlanticCL1st4g 7 90 90 90 AtlamticCLcl4s.. 2 g7 81 81 B& O gold 4s.. 87u 8% 874 B&Ocv 43 92 9% 2. s9% B9% 8% 100% 100% 100% 103% 102% 102% 99% 99% 99% 851 85'% 86 I 69 6% 69% Bklyn-Manhat 6s. 234 83% 81% S87% Canada Pacdeb4s 6 80 79% 80 Cent of Ga 53s. 101 100% 101 Cent of Ga 6s. . 103% 103% 103% Central Pacific 88l 8% 884 Ches & O cv 4 9615 96t 96% Ches O gn 43, 90 895 90 Ches & Ohfo cv 58 106% 106% 108% Chi & Alton 3s. 65 84 65 56% bT% b7% 891 89% 102 102 78% 78% 6% 64% 5A% B4% 73 73 52 b2 bita 5T% 80% 80% b1t Blw 56 56 995 99% 101% 101% 1124 112% 83% 83% 83% 83% 86 86 9214 92% n7 1117 79 19% 974 97% 96 96% 104 104 101 101 s 98% 93% 851 85% 104 90 105% 102% 844 984 12 Chi Great West 43.102 CM& Puget Sd4s. 7 ChiM&StP4s'28 18 CM&StPdb4es.. 3 Cni M&St P cv 4340 CM&StFgn 4%s Chi M&St Prf 414 Chi M & St P cv ChiM&StP 6s. Chi & N'W ref 6 Chi & N W 6%s ChiRysbs. .. N & o = Chi Un Sta 4% Chi Un Sta 614y Chi & W Inc &, CEW 15155 62 wi. CCC&StLss CCC&StLrfena. Cleve Tarm 58 w 1. Colo & Sou 4%s. .. Cuba R R 63 CubaRR 71is. Del & Hd 18t rt Del-Hud cv 65°35. Del & Hudson 5345 Den & Rio G o D & Rio G Imp D & Rio G Wat Det United 4138, Erie 1st cons 4s, Erie gen & Erie conv 4s A . Erte conv 4s B. Erfe conv 4s D. Erie con ext Erle & Jersey 6s. . Erie Genessee R 65 Gr Trunk sf db 6s Grand Trunk 7s. Great North 5 Gr North 5%s Gr North gen Havana ERL&P b8 Hud & Man ref 5 Hud & Man a3 6 111 Cent ref 53 '55 111 Central 51s. Tl C-C St L&NO 6s Int Rap Tran bs...104 Int Rap Tr 6s stpd 328 Int Rap Tran 6 Int Rap Tran Int & G Nor 1st 6 Int & G Nor aj 63 Towa Cent rf 48 lowa Cent 1st b Kan City Ft S 4s. Kansas City S 3s. Kansas City S s Kan Cy Term 4 Lake Shore 4s '28. Lake Shore 4s°21.. Lehigh Val cn 4s Louls & N s B. Louls & Nash 5 Manhut Ry cn # Man Ry 2d 4s 20 Market St Ry 7 Mil EI Ry & L 5 M StP & SSM cn 48 MK & T Ist 45, MK &T4sB.. MK & T adj 5 MK&Tprin MK&T6sC. M~ Facific gen 48 Mo Pac 5s 1926. . Mo Pacific 55'65. Mo P=cific 6s.... Montrl Tm 1st &s. Nassau £ Rty 45 57 N O Tex & M in 5s. NO Tex & M5%a N O, Tex, Mex 6s. N Y Cent cn 4s'98. NY Cent i b8 N Y Cent deb 6s.. N Y Cen L8 cl 3%s. NY Chi & St L 5%, New lav c d 6 New Haven 7s fr NY,Ont, Ws 18t 48 10 New York Ry fr 4s 10 NY Ry rf 43 ctfs... 87 New York Ry aj 38 18 NY Rysadjssct.. 19 NY W & Bos 4% Norfolk & W cn 4 Norfolk & W cv 6s. Northern Pac 3s... Northern Pac 4s. . Northern Pac §s D Northern Pacr 1 68 Ore Short L ref 4 Ore Sht Licn 534 Ore-Wash 1st rf 4s Pennsyl gen 4%s. Pennsyl gen 5 Penn. 5s. 64. Pennsyl 6% Pennsyl gold Pere Mrq 1st 4s Pere Mara ist bs.. Por RL & P 68'47. Reading gn 4%: Rio U West 1st 4 Rlo G West cl & RI1Ark&L4%s.. St LIM&S 45'29. . St LIM&S R&G 48, StL&SFpl4s A, StL&SFprinb StL&SF6%sD.. StL&S Fad) 6 StL&SFinc6s... StLS W con 4s°32 StP & KCShL 4%8 St > Un Dep 5% San 4 & Arn P 4s.. Seab’d A Liref ¢s. Seab'd A Liadj 8. Seab’d A Licon 68.. Sou Pacific 452! Sou Pacific ctl 4 Sou Pacific ref 4s.. Southern Ry gn 48 Southern Ry 1st 5a Southern Ry 68 ct. Southern Ry 6%s. Term Asso St L 4s. Third Ave ref & Third Ave adj b8 Toledo Trac 68 Unlon Pac 1st 4s.. 13 Union Pac 1strt 4s 8 Unlon Pac 48 '27... 7 o CrmSRmBN=Na R S oorie Mwte B - =% 9 & Swfal 18 Wabash 2d 58 Western Md 4s.,.. 33 8214 Wilkes B&E 1st 53 66 —_— STOCK PLAN UP SOON. Cluett-Peabody Prepares to Buy Earl & Wilson Asséts. NEW YORK, February 9.—Stock- holders of Cluett-Peabody & Co. will vote February 25 on proposals to ghange the 180,000 shares of $100 par Value common stock into shares of no par value and increase the amount authorized to 250,000 shares. The in- creased capital will provide 12,300 shares of common, with which 5,180 shares of preferred are required to pay for the assctw of Earl & Wilson. 66 INAGTIVE MARKET Early Rise Ehecked When Of- ferings Increase—Oats and Corn Stronger. By the Associated Prese. CHICAGO, February 9.—With world shipments smaller than a week ago or a year ago, and with Liverpool quotations showing a sharp advance, the wheat market here took an early swing upward today. Specu- lative offerings quickly increased to a consliderable extent, however, and checked the rise. A good deal of selling came from traders who had bought on last week's decline. The opening, which ranged from 1 to 2%c higher, May 1.92% to 1.938 and July 1.64 to 1.64%, wa moderate reaction and fresh upturn. Unfayorable weather for the move- ment of corn gave independent strength to corn and to oats. After opening at % to 1l%4c advance, May 1.35 to 1.35%, corn scored slight fur- ther gains. Oats started at % to %c up, May $1% to 61%, and later continued to point higher. Provisions were firmer, influenced by the action of hog values and of grain. WHEAT— Mayscoon July ! J64 September 150 CORN— May =185 July 1.361 1863 Sep AT May . 614 July 6215 Beptember 0% wRTE— ay July Beptem! COTTON FGURES OPEN WEEK HEHER Better Cables and Reports of Too Much Rail Help Lift Prices. then by a Open 19215 ek MESH Mok, $R2 282 2w pRUCi 1.681; 144 24 43 & 2% ted Press. RK, February 9.—The cot- ton market opened firm at an ad- vance of 13 to 24 points today and held very steady in the early trading on relatively firm Liverpool cables, reports of improwed business in cot- ton goods in Manchester, complaints of too much rain in the Western belt and failure- of the weather map to show any important relief from drought in. the South. May sold up to 2475 and July to 25.02, or within 8 points of the best price touched last week. Consider- able realizing and hedge was ab- sorbed on setbacks of 3 or 4 points by covering on the part of recent sellers, trade buying and a moderate commission house demand. New Orieans Quotatio NEW ORLEANS, February 8.—The cotton market opened fairly firm, due to executions of orders to buy accumulated over the week end and to higher Liverpool cables than due. Insufficient rains in the West proved also a bullish influence. First trades showed gains of 16 to 24 points. GRAIN AND PROVISIONS. BALTIMORE, February 9 (Spe- cial)—Potatoes, per 100 pounds, 1.25a sweet potatoes, barrel, 2.50a 5.50; yams. barrel, 3.00a4.00; beans, hamper, 1.50a4.00; beets, hundred, 8.00a10.00; broccoli and kale, bushel, 50a75; Brussels sprouts, quart, 15a2. cabbage, ton, 25.00a30.00; bushel, 21.00: currots 7.00a8.00; caulifiower,” crate, 2. celery, crate. 2.50a3.25; eggplants, crate, 3.50a6.00; lettuce, basket, 2.00a 3.00; onions, 100 pounds, 2.75a3. oyster plants. hundred. £.0010.00; parsnips, basket, 75a90; peas, hamper, 3.0025.00; peppers, crate. 3.00a5.50: spinach, bushel, 1.23al.i5; squash, crate, 3.50a4.50; tomatoes, crate, 2.50a 5.00; turnips, bagket, 65a85. Apples, packed, barrel, 3.50; bushel. 1.00a2.25. Cranberries, box, 5.00a6.00; grapefruit, box, 2.00a3. oranges. box, 3.00a4.50; strawberries, quart, 30a45. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, ex- port, no quotations; No. 3 red Winter, spot. domestic, 2.08; No. 2 red Winter. garlicky, domestic, 2.08; No. 3 red Win. ter, no quotations. Sales—Bag lots of nearby at wharf 2t'2.00 and 2.06 per bushel. Corn—Cob, new, yellow, spot, 6.50a 6.75_per barrel; track corn, yellow, No. 2, 4315 asked. 1.4Rles—Bag lot of nearby, mixed, at Oats—No. 2, 65a68 Rye—Nearby, epot, 1.69%. Hay—Receipts, 26 tons. Receipts of good hay of both timothy and light clover mixed are light, and prices are weil sustained under @ fairly good de- mand. Low grades, inferior and dam- aged hay has no settled market value and is dull. Quotations today : No. 2 timothy, 20.5 21.50; No. 3 timothy, 17.00819.00 - N, 1 light clover, mixed, 19.50220.00; No, 3 clover, mixed, 17.0015.00. > traw—No. 1 wheat, 16.00a17.00 per ton; No. 1 oat, 16.00a17.00; No. 1 straight rve, 18.00219.00. CHICAGO LIVE STOCK MARKET CHICAGO, February 9.—(United States Department of Agriculture.)— Hogs—Receipts, 68,000 head; around 15 higher -on hogs averaging 180 pounds upward; market less active than early; big packers still out: pigs and light lights in very narrow de- mand; few sales early around steady; top, 11.30; several loads at that price. bulk 200 to 290 pound averages, 10.95 alL25; most 160 to 190 pound aver- ages, 10.55a10.90; few 140 to 150 pound averages, 10.25a10.40; most pigs, 8.50a 9.25; bulk packing sows, 10.20a10.40; heavywelght hogs, 10.76a11.30. Cattle—Receipts, 23,000 head; fairly active demand mostly on shipper ac- count for better grades fed steers; kinds of value to sell at 9.50 upward: others In liberal supply; weak to 25 lower; early top handyweight steers, 11.25; best weighty kind, 11.00; sev- eral loads, 10.25210.85; bulk fed steers of quality and condition to sell at 7.75210.25; no cholce vearlings here; 1ight beef heifers, canners and cutters steady; fat cows, principally better grades, weak to 25 lower; less de- sirable considered vealers about steady, mostly 11.00a11.50 to packers: largely 12.00a12.50 to shippers, few selected offerings 13.50 and better; country demand thin flesh steers of all weight dull; better grades meaty offerings scarce, firm; outlet broadest 4 3. 6726714, 1.40a1.50; No. 2 rye, for description of value to sell at 6.50 upward. Sheep—Receipts, 13,000 head; ex- tremely dull; few early 'sales fat lambs, 25 to 50 lower at 17.50817.75; generally bidding fully 50 lower; fat sheep unchanged; odd lots of fat ewes, 9.00a9.75; best held higher; feed- ing lambs around steady; early sale: | 17.50817.75, _ followed by a! T0 EGIDE CLOSING Richmond Reserve Bank Adopts New Plan—Gas Light Directors Meet. BY CHAS. P. SHAEFFER. The Federal Reserve Bank of Rich- mond and its Baltimore branch will in future close on all legal holldays In their respective States, member banks have been advised. The new ruling thus yevokes last September’s edict, which shut down the regional bank and its branch only on specified holldays common practically to all the States. The new ruling was advocated by counsel of the Richmond member, ow- ing to the legal aspects of the situa- tion affecting the collection of checks, and to complications of accounting between Reserve banks themselves and between Reserve banks and their members, when the Government inetitu- tions remain open, while members in their own cities and elsewhere in the district are closed. The Federal Re- serve Board has already granted au- thority for such action Memter banks will heretofore of holidays by the Richmond re branch, as well days in other Federal tricts, on which davs member banks in such other dis cannot be made. be notifled as to be observed < and its Balti- as legal holl o di Gas Directors Organize. The organization meet of dire tors of the Washingtor Lig Company was held shortly © noor today, resulting in una us re election of all existing officers fo the ensuing year, as follows: Ord Preston, president; Robert . Wea vice president; William B. retary; George M. Whitwe secretary; Sanford | troller; C. Clay Bay troller; Lawrence urer, and Rawlins treasurer. Routine matters will occupy ti mainder of the afternoon. assistar , assistant co Townsend, t Hiume, assi Bankers Back From Dinncr. ; John L. { Madeira of John were active in the loc trict this morn ere they atte stock exchange dinner { Roosevelt Hotel last Friday nigh well known rokeraga circ 18 now attached to the local brar office of Orvis Brothers & Co. in t capacity of assistant to Manager Russell White, rer tly of the cor pany’s New York o at New Stock Method Adopted. Stock shares of all German bar and industrial firms. having been p on a gold basis, must now be forwar, ed to Germany for exchange into net shares. Some corporations will on' stamp the stock certificates with t new value in reichmark. In cases a time limit has been placed the exchange and therefore tificates should be sent immediate although American owners will pr ably be granted sufficient e Program at Institute, The week's educational program the local chapter, American Institut of Banking, is announced as follows Mond lecture on “Agricult Loans,” "by F. J. Donohue befo standard banking class; Tuesday, a counting class lecture by Joseph K Moyer on “Partnership Dissolution Wednesday, R. B. Dickey will lecture on “Form and Interpretation” befor the negotiable instruments cla Thursday, “Bank Bookkeeping, Ellot H. Thomson before mentary banking class, Lusk will conduct the class in pub speaking and debate 1o be held in t Washington Stock Exchange room Friday, F. J. Donohue will lecture o Systems in the U before the standard econon: class, while the class in credits w hear R. Gordon Finney on “Merchar dise Loans.” H. W. Burnside, president, has call a meeting of the board of governc for Wednesday” evening, § oclock the chapter's rooms. Local Exchange Quict. Today’s market on the Washing Stock Exchange was with trading restricted of Railway preferred sold upward to 8174, and an odd lot of Gas changed hands at 5812, but, aside from thes the favorite stocks were neglected Ten shares of Liberty National Ban brought 174, and 130 shares of Na tional Mortgage and Investment pre- ferred advanced fractionally on ths day to 91y Bond trading was restricted 1o utilities without nrice changes. e e FOREIGN SECURITIES IN HEAVY DEMAND NEW YORK, February 9-—The ir vestment of American capital in for eign securities continue at relative the same rate as last vear, whe these loans totaled more than a bil lion dollars or approximately| one sixth of the vear's flotations. So far this year foreign business has ac counted for almost one-fourth of ih $700,000,000 in bond offerings. Many of the penaing negotiations involve further loans for foreign govern- ments or corporations uninteresting A few share = DAIRY PRODUCTS. BALTIMORE, February 9 —Live poultry — Young pound, 22a30; Leghorns, ter, 32a33; old hens, 20; roosters, 15a2 a45; old hens, 3 breasts, 26; pigeon. £ each, 40a8s. Dressed poultry—Tu keys, pound, 35a45; poor and crook breasts, 25; chickens, ers, 15a16; ducks, 24a30; geess, 20a Eggs—Receipts, 517 cases; native and nearby firsts, dozen, quotations 45a46. Butte: Creamery, good to fanc pound, 37a42; prints, 42a44; ladles, a29; store packed, 21; process butt 33; rolls, 21a24; dairy prints, 21a24. (Special) chickens 21a26; Win Leghorns, oung turkeys, 40 poor and crooked GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Bid. Asked Ger Gt (war lozn) 5s 1914-18. 1900.00 1975.00 5 1919....... 00 5 Ger Gvt 4-58 (forced loan) Ger Gt 8158 1923 (sm pleces) 70.00 _ 95.00 (Quoted in dollars per thoussnd marks ) Ger Gen Flec 4ls pre.war.. 2550 2850 Ger Gen Elec 4158 1919 480 Terlin 4s pre-war. 2 Hambg 3s. 3148 & 48 pre-war Hamburg Amer Line 41 orth German Llord 4 orth German Liovd. Prussian Consols 315 Krupp 58 1921..... Dunseldort 48 pre-w > Frankfort a-M 4s pre-wa Mucich 4s pre-war. Badische Anilin A EG (Ger Ge Commers Disconto Gells Dresdner Bank . Deutsehe Baok Darmstaedter Bank . Mercur Bank Vienna CHICAGO, February 9. Unchanged; crcamery, extras. 38 standards, 39; extra firsts, 3 firsts, 36a36%: seconds, 32a34. Eggs—Higher; receipts, 8654 cases; firsts, 41; ordinary firsts, 37a3s. Butter