Evening Star Newspaper, February 21, 1925, Page 14

14 *v RAILROAD SHARES Merger Talk Brings About Lively Advance—Gains by Equipments. Dy the Associated Peess NEW YORK, February 21.—Stock prices worked into higher ground to- day under the leadership of the cquipments and Sbuthwestern Railroad share timulated by reports of new nicrger alignments, many of the latter rose to the highest levels in several years. Placing of large orders for rail sup- plies promoted a wider demand f cquipments, which was cnutated by belated short covering. American locomotive was up 414 points, and gains of one to three points were scored by an asfortment of other representative industrials and special- ties Profit-taking shortly hefore flected the st Tron lectric, nd St. Paul z was firm 000 shares RAILS LEAD MARKET. in spots the close, and was re- weakness of United Pipe, Mack Truc! Marland and Pac Railroad issues. The Sales approximated developed 1,000 BY STUART V. Special Dispateh to The Star, NEW YORK. February medium_and low priced the on the stock exchang s whole list. with very exceptions, shared the strength in this quarter. The buving in such stocks as Rock Island, Kansas City uthern, Missouri - Kansas - Texas, Wabash and St. Louis Southwestern, carrying them in some instances to new high prices, was in greater volume than Wall Street has seen in weeks. It was a repetition of the great speculation which set in when the idea of railway mergers and favorabla dividend action was first conceived in speculative quarters. St. Panl an Exception. The notalle exception to the trend of prices in the rallway section was the St. Paul securities. They were ctively sold, the preferred and com- mon stocks sinking to mew lows for the year and the 4 per cent bonds of 1 so dropping to bottom figures. This was obviously a reflection of the doubt which has spread regarding St. Paul's ability to meet its refund- ing requirements this year. In the last half hour the keen edge appeared to be off the speculation i the lower-pricgd s and in varlous individual stocks. Realizing sales had their effect, which was only natural in view of the sharp upbid- ding of prices which had occurred on Friday and again today. Nimble traders were switching from the rails to other active favorites or were evening up over the double holiday. American Loco fiains. American Locomotive, advancing to much the highest prices it has sold, took the lead away from Baldwin Locomotive. The latter reflected rather heavy profit-taking. American Steel Foundry rose to a new top. American Can went ahead sharply, and in the specialty group some of the features w ge Arms, Beechnut Packing, Park and Tilford and Allied Chemical WEST. ra Markets at a Glance NEW YORK—Stocks—Firm; South- western rails up on merger Teportsg Bonds—Steady; oil lens resume ad- vance Foreign exchanges—Ea and frar react. Cotton—Higher; sterling absence raln in ; firm spot market. atureless. SPOT COTTON PRICES. W YORK, February 21.—Cotton, spot, quiet; middling, 24.50. Cotton futures closed steady, 2 to 5 net higher: March, 24.26 May, 63 to 24.66: Ju 2 October 2471 to 2 Coffee—F COTTON GOODS QUIET. NEW YORK, February —Cotton goods and raw through it—quietly. Print the 64 by 60 construction were up eighth cent at 9%, but the 63 by were unchanged at 11%. Raw silks were off 212 cents a pound in a few grades, but mostly unchanged. PARIS BOCURSE IMPROVES. PARIS, February 21.—Prices im- proved on the Bourse today. Three per cent rentes, 48 francs 30 centimes. E: change on London, 90 francs 95 cen- times. Five per cent loan, 57 francs 50 centimes. The dollar was quoted at 19 francs 9 centimes. Quits New York City. W YORK, February 21.—The Association of Manufac- ers at a special meeting yesterday decided to hold its 1925 convention at s Louis on October 26, and 28. r more than 10 vears all of the as- sociation’s conventions have been in New York City. St. Louis was chosen in recognition of the growth of in- stry in the Middle West, it was PR TR CHICAGO STOCK MARKE CHICAGO, February 21.—Following 1§ a list of today’s sales, high, low and closing quotations at the Chicago Stock Exchange: Low 301, 2 High All Com Ra Armour Co Armour of Kraft Cheese Mid Steel Prod a8 pr len.. 1021 st Util ... Montgomers Ward.. Pines Winterfront Swift & Co ..... Union Car & Carbon Tnion Iren Work.... Un Lt & Pow A .. Tn Lt & P A pfd | Daniel Boon FINANCIAL, Adams Exp (6). 100 Adv Rumley.... 14- | Af: Reduct (15) 106 Afax Rubber. 1% Ajaxrights..... % Allied Chem (4). 88 Allis Chalm (4). 76% Am Agricul Chm 20% Am Ag Chmpt.. 62% Am Beet Sug (4) Am Bosch Am Brk Shoe (5) 102 Am Can (18).... 174% Am Can pf (7).. 118% Am Car & ¥ (12) 208% AmC & Fpf (7). 125 Am Chain A (2). 24% Am Drug Sny1.. 6% Am Express (3). 156% Am & For Pow.. 33% Am& FrPpi(7) 95% Am & F P 25% (7 124% Am Hide & Lpf. 70 Am Ice pf (6)... 78 Am Internatl... 37% Am Linseed..... 27% Am Linseed pf.. 63 Am Locomo (). 1244 Am Loco pf (7).. 123% Am Safety Raz.. 46% Am Ship & Com. 11% Am Sm & Ref (6) 101 Am Stl Fdys (3). 52% Ami Stl Fy pf (3) 110 ‘Am Sugar...... 63% Am Sugar pf (1) 99% Am Sumatra.... 18% AmT & Tel (9). 133% Am Tobacco (7). 88% Am Tobac B (7). 87% Am WW&E] 30c. 87% Am Woolen..... 5% Am Wool ptd (7) 89 Anaconda (76¢c). 43 Ann Arbor pf... 43% Archer-Daniels. 3313 Armour Del (7). 94 Arn Cons & Co.. 9% Asso DG Ist (6) 99% Asso D 2d (7)... 101% Asso Ol (1%)... 37% At T & SFe (7). 122% AT&SFpf (5). 93% Atl Birm & At... 4% AtGuif& WI... 30 AtGulf & Wipt 42 Atlantic Refiinin 113 Austin-Nichola. 27% 144% 9% 26% . 51% 70% 4844 3T% 41% Baldwin L (1) Bal & Ohio (5).. Barnsdall A Bayuk Clgar Beech-Nut (3). . Bethlehem Steel Briggs MIg(3%) Brk-Man Tran. . Brklyn Un G (4) 77% Brunswick-Blke 42% Burns Bro_(10). 100% Burns BrB (2). 22 Butte Cop (50c). T Butte & Superior 19% Butterick Co.... 22% Cal Packing (6). 109% Cal Pete (1%).. 27% Calif Pet pt (7). 105 Callahan Zinc 41 Calu & Ariz (2). b5l% Calumet & H (1) 16 Can Paclfic (10). 150% Cent Leather... 19% Cent Leather pf. 62% Cero d Pasco (4) 52% Certain-T 1st (7). 90% Chand Mot (3).. 31% Ches & Ohio 44). 944 Ches & O pf (8% 108% Chicago & Alton 10% Chic & Alton pf. 18% Chl&EINpL... b2 Chic Gr West... 13% Chic Gr West pf. 29% ChiMil&StP,.. 13 ChiMil &SPpL. 21% Chi & Nwn (4).. 69% ChiPneuT (5).. £8% ChiR1&Pacy.. 52% CRI&PDI (5). 88 CRI&PPI (7). 98% ChiStPM&O.. 49% ChStPM&Opf(5) 102 Chi Yellow C (4) 51% Chile Cop (2%4). 85% Cluet Pea pf (1) 108 Coca-Cola (7)... 91 Colo Puel & Iron 45 Col G & E (2.60). Col G & E pf (7). 106% Com Solv A (4).. 172 Com Solv B..... 169% Congol-Nairn (3 40% Conley Tip Foll. 3% Con Distributrs. 8 Consol Gas (5).. 76i Consol Textile.. 4% Cont Can (4).... 64% Cont Insur (6).. 111 Cont Mot (80c).. 9 | Corn Prod (2) 39 Cosden Co. . 33 Crucible St (4). 74% Crucible pt (7).. 94% Cub Am Sug (3). 31% Cuban Cane Sug 18% Cub Cane Supf. b59% Cuba Dominican 5% Cuban Dom pt.. 40 Cuyamel Fr (4). 52% 2% 44 91% 144% 139 46 15% Davison Che: Deere pf (3) . Del & Hud (9).. Del L& W (6).. D&RGWstpf.. Dome Mines (2). Dupont (10).... 148% DuPont deb (6). 96% Eastman ( . 114% Eaton Axle..... 11% Elec St Bat (15). 64% End-John (6)... 69 Endicott pf (7). 115 Erfe 82% Erle 18t pf 424 Erie 2d pf. 41% Famous Pl (8).. 99% Famous pf (3).. 106% Fed Lt & T (*7). 136% Fisher Body (5). 64 Fifth Ave (84c). 14 Fisk Rubber.... 12% Fish Rubber pf. 83 Fietschman (14) 79% Foundation (6). 107% Freeport-Texas. 9% Gardner Motor.. 10% Gen Am Tnk (3) Gen A-nh-:zs.) Cigar g:: Electric (8) 238% Gen Elspl (60c). 11% Gen Motors (6). 74% Gen Mot pt (6).. 91 Gen Mot db (6).. 91 Gen Mot pf (7). 108 Gen Petrol (2).. 55% Gen Refrac (2).. 53 Gimbel Bt pf (7) 103 Ginter Co (1%). 23% Glidden Co. 16 Goodrich. . 46% Goodyear pf 9% Granby Consol.. 19% Gdyear prior (8) 106% Grt North pf (5) 69% Grt Nor Ore (4). 37% Grt Wstn Su (8) 93% Greene Canan... 16% Gulf Mo & Nor.. 26 Gult St Steel (5) 80% Hartman (§2.50) 82% Gypsum . BOSTON STOCK MARKET. BOSTON, February 21.—Following §s a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: Fingbam East Mass Fastern § § Fdison Dlectric . Hards Coal Island Cre 1xle Roya ergentl P New Eng T & North Butte Old_Domnion Pacific Mills Tecce But 1 Swift & Co 9 Tnited Shos Macii ... Tnited Shoe Maeh pfd .. Vtsh Metal . E Yentura Oil .. Waitham Watch Walworth ....... Hayes Wheel (3) 37% Househ P’ (13%) 385% Houston Ofl... 80% Hudson Man.... 24% Hud Man pf (5). 65 Hudson Mot (3). 40% Hupp Mot (1)... 15% Independ Of1 (1) 28% Indian Refining. 9% Inspiration Cop, 28% Interb Rap Tr... 31 Internat Agri 12% Int Bus Mac (8). 124 Int Cement (4).. b56% Int Com Eng (2) 41% Internat Har (5) 105 Int Mer Marine. 13% Int Mer Mar pf.. 48 Internat Nickel. 27% Inter Nick pf (6) 97 Internat-Paper. 7% Int Tel & Tel (6) 97% Int Tel & Tel rts 4% Intertvpe (i1%) 25% Jordon Mot (8).. 49% Kan City South. §8% Welly-Sprgfield. 164 Kelly Spring pf. 46% Open. 100 100 4% 14 106 104 1% 1% % % 89% 88 76% 76 20% 40% 102% 101% 175% 173% 118% 118% 205% 126 24% 6% 1656% 33% 93% 124% 70 125 245 6% 156% 82 93 78 37T% 27% .91 91 108 b4 b3 108 23% 15% 46 97% 10% 106% 69 36% 93% 16% 26 89% 82 36% 85% 79% 24% 65 40 16% 27% 9% 28% 31 12% 12% 125 124 56% 66% 42% 40% 105 105 13% 13 48 46% 27% 26% 97 97 57% b53% 9% 97% 4% 4% 25% 24% 49% 48% 40% 38% 16% 16% ASK 46% 35% 80% 24% 5 40'% 15% 28% 9% 284 31 High. Low. Close. 100 147% 1004 200 - 203% ? 13 47 27 97 56% 7% 4% 24% 48% 39% 16% | Westinghse (4). | willys-Overlan¢ lfl*WHll-Uvel PL.., THE EVENING .STAR, WASHINGTON, D. C., SATURDAY, FEBRUARY 21, 1925. | ON NEW YORK BONDS STOCK EXCHANGEl Open. b4% 20 78 2% 12% 1% l Kennecott (3).. Keystone T & R. Kinney GR. Kresge Dep Str. Lee Rub & Tire. Lehigh Val (3%} Lig & My B (14). 60% Lig & Myrsrgts. 9 Lig & My pf (7). 117% Lima Loca (4).. 69% Loews Ino (3).. « 22% Loft. . T Long Bell A (1). 48 Loose W 2d (7).. 107% Lorrillard (3). 34 Lorillard pt (7). 109 Louisiana Ofl... 21 Louis & Nash (8 107 Ludlum (2) 87 Melntyre (1)... 1% Mack Trucks (6) 141% Magma Copper Magma Cop rts Mallinson & Co.. Man El md g (5) Man Shirt (1%). Manila Electric. Maracaibo Ol Marland O11 Martin-Parry Martin-Par rts ) Mathieson Alka. 67% Maxwell Mot A.. 82 Maxwell Mot B.. 43% 34 109 107 18 142 32 82 Mexican Seabd... 15% Mis Kan & Tex. MK & T pf (5).. Missouri Pacific Missourl Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 750 Mullins Body... h pf Nat Dept Stores Nat Distillers pt Nat Enamel &S NOT&M t23%.. NY AfrBr (4).. Y Canners (2) N Y Central (7). NYCStL(6). N Y Dock.. N Y Dock pf (5). NY NH & Hart.. NY O & Wst (1) lagar F pf 1%. 122% 1 131 28% 658 34% 22% 28 23% 128% North Am (3.40) North Am pf (3) North Pac (6)... Orpheum (1.80). Otis Elev (15%) Otis Steel . Otis Steel pf. Owens Bot (3).. Paeific Gas (8).. 107% Pacific Of1 (2)... 62 Packard (11.50). Pac T&T pf (6). Pan-Amer (8).... Pan-Amer B (6). Park & Tilford. . Penna C & Coke. Pennsy R R (3). Penn Seab Steel. Pere Marq (4) . Pere Mar pf (5) Phila Co (4). Phila& RC&I. Phillips Pet (2). Plerce-Arrow. . Plerce-Arrow pt Pierce A prior Plerce Ofl Plerce Oll pf. Pierce Petrol Pitts Coal.. Pitts Coal pf (6) Pitts Ut ctfs 1.20 Pitts & West Va Postum-Cer (4) Press Steel Car. Pro & R pf (3%) Pub Ser N J (5). Pub SNJ pf (7). Pub Serv rts (n) Pullmar Co (8). Punta Al 8u (5). Pure Oil ‘1%). Pure Oil pt (8).. Radio Corpof A Ray Cons Cop... Ry Stl Spg (8) Reading (4).... Reading rs..... Reading 1st (2). Remington Type Replogle Steel Rep Ir & Steel. Reynolds Sp (1) Rey Tob pf (7).. Roy Dutn 4.42% St Josepn 1d (2) StL & San F (5) StLSanF pt (8).. St L Southwest. Savage A(:;fll Schulte Seaboard Alr L. 24 Seabd Alr Lipf.. 42 Sears-Roebk (6) 160% Shell Unlon (1). 264 Simmon Co (2).. 86% Simms Pet (60¢) 22 Sinclair Ol 224 Skelly Oil 28% South Pao (8).. 105% Southern Ry (5) 91 South Ry pf (5). 89% Std Gas & E1 (3) 42% St Ofl Calif (2).. 64% StONNJ (1).... 44% St Plate Glass. 124 Stew Warner (5 72 Studebaker (4). 43% Submarine Boat 9 Superior Ofl. [ Symington...... 16% Symington (A).. 22 Tennessee Coppt 8% Texas Co (8)-... 47% Tex G Sul (17%) 1014 Tex & Pacific... 58% Tex & PacC&0 20 Third Avenue... 11% Tide Wat Oll (4) 144 Timken (13%).. 424 Tobac Prod (6). 79% Tobac Prod A (1 98% Transcont Otl... 4% Twin City (4)... 64% Union Ol (1.80). 41% Un Pacific (10).. 160% Un Tank Car (5) 123 Utd Alloy Steel. 29% Utd Clgar (13%) 76% Utd Drug 1st 3% 524 Utd Fruit (10).. 213% Utd Ry Invest.. 21 U S Cast Iron P. 226 U S Distributing 38% U S Hoft (60c)... 25 U S Ind Alcohol. 81% U S Realty (8).. 126% USRubber..... 41% U S Rub 1st (8). 95% U S Smelting. 34k U SSteel (17)... 124% Universal Pipe.. 44% Univer P pf (7). 86% Utah Copper (4) 90 Utah Securities. 51% Vanadium...... 28 Va-Caro Chem.. & Va-Caro Chpf.. 18% Va Ry & Power., 6% Vivadou.. 11% 25% ‘Wabash... ‘Wabash pf A.... Waldorf (1%).. 17 ‘ward Baking A. 121% 125 Ward Baking B. 424 43 ‘Ward Baking pf 96% 97 West Pen (4)... 116 West Pen pf (7). West Maryland. West Md 2d pf.. 4% 46 17% 9615 1% 7% 824 19 4% 2% 9 74 EB, 107 102 106 16 54% 18 53 15% 121 65% 414 2% 83 52% 100 113 226 45 90 28 3 15 92% 938 106 ‘West Pngl ((l‘)) - West Alr Br (6). 2% 15 28 29 7% % 5 4 8% 28% 10 % Wheel & L Erie. ‘Wheel & L E pf. White Eagle (2) White Mot (4).. Wickwire Sp rts. Wickwire pf rts. Wilson & Co pf. 15 28 10 48% 107% 21% 38% 39% 5 30% 50% 26% 29% 314 43 % 67% 43% May Dept 8t (5]. 105' 105% 16% 2115 8974 10% 59% 1073% 62% 17% 9614 1% T 32% 47% 274 69% 48% 43% 13% 504 88% 274 3414 % 50% 9T 13% 70% 601 45% 694 % 141% 48% 31% 643 138% 1% 28% 52% 215% 21 88% 25 81% 126% 43% 96% 344 124% 56% 51% 13% 6% 1% 25% 64% 64% 17% 1164 95% 95% 16% 23 23% Western Pacific. 354 37% 3% 2914 67% 8% 28% 6% . Low. 63% 284 <78 321 12% 1% 60% 9 117% 69% 22% T 48 107% 34 109 20% 107 37 17% 140 39% 106% 15% 214 1% 8T% 85 89% 814 NEW YORK STOCK EXCHANGE ! Recelved by Private Wire Direct to The Star Office REACH NEW TOPS Close, 64 2% 8 36% 12% 78% 60% x'9 118 70% 22% % 48% 107% 34 109 20% 107 38% 18 141% 39% 5% 30 60% 26% 29% 80% 2% 81 67% 81% 42% 106% 15% 2l 1% 3% 86 40 »2 69 50% 24 8 20% s 5 69% 42% 68% 85 113% b1% 82% 12215 132 28% 68 83% 22% 28% 24% 128% k(] 4T% 48 69%% 28 89% 104 59% 46% =46 107% €08, 1% 961 764 76% 324 19 204 69% 4 55 48 42% 1314 50% 881y 274 344 % 50% 97w 18% T0% ¢ 1064 6915 102 K} 140% 434 31 106 61% 15% 135 7% 22 36% 58 17% 53 15% 121 55% 4% 1% 83 52 98% 112% 23% ritH 158 26 85 21% 21% 28% 105 20% 89'% 42% 63% 444% 124 1% 48% 8% 5% 15% 22 8% . AT% 101% 56% 19% 11% fry 415 8% 8 4% 64% a1y 150% 123 29% 6% 521 218% 21 223 33 25 81% 125% 415 4% 34 124 4 86% 90 50% 28 8 ~13% 75 A% 26% 64% 17% 121% 424 96% 116 5% 15 23 35% . 92% 106 2% 15 2% 29 66 % 84 28% 60% 45% 69% 102 n 1415 48% 31 106 83 16% 186% % £2 36% 53% 1% 83 15% 121 o6 41% % 83 52 98% 112 24 41% 168 26 85 21% 21% 28% 106 9034 90% 42% 64 44% 12% % 4 8% 5% 16% 22 8% 47% 102 57% 19% 11% 145 42 8% 98 4% 65% 41% 160% 123 29% 6% 52% 216% 21 228 83 25 81% 126% 42% 964 34 124 4% 86% 20 50% 28 3 18% 75 11% 26% 64% 17% 125 43 97 116% 96% 16% 23% 86% 93 106 2% 15 28 29 66 1 8% 23% 10 EXTENSIVE BUYING INRAILROAD BONDS High-Grade Issues Around Best Prices of Year—For- eign Group Quiet. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORR, February 21.—High- vielding issues were again confidently bought, with St. Louis-San Francisco obligations among the leaders. Ad- vances were scored by both the ad- justment and the income bonds of the last-named road, the theory being that Interest charges on these two issues now contingent would become’ fixed If the road were made a part of another system, as is currently reported to be the plan. The St. Louis-San Francisco grior lien serles were also strong on the assumption that their investment status would be improved by any merger. Other recent favorites such as New Haven 6s, I. G. N. adjustments, Chicago and Eastern Illinoly 6s and the Seaboard bonds generally were in_demand. High-grade rails held around the best prices of the year. Short term securities were in favor, such as Colorado Southern 4s. The significant fact is that notwithstanding all the talk about higher money bonds are at the highest for the past six years and show no signs of weakening. This calculation is based on a com- bination of high-grade and semi- speculative socurities, ' There was too muxh doubt about political conditions abroad, especlally in the case of France, to permit this part of the list to participate in the strength elsewhere, At the same time it must be admitted there was no real weakness even in the French group. For the present the important sup- port which has been in evidence most of the weelk appears effective. MOTOR WHEEL IMPROVES. NEW YORK, February 21.—Net {n- come of the Motor Wheel Corporation for 1924 increased to $1,800,095, equiv- alent after preferred dividends to $3.75 a share on the common, com- pared with $1,292,282, or $2.56 a share in 1923 ALE.IXANDRIA. ALEXANDRIA, Va, (Special).—Members _ of Washington Lodge, No. tonight will celebrate in Elks' Hall the 100th anniversary of Gen. La- fayette's election to honorary mem- bership in the lodge. Senator J. T. Caraway, Ark, and Representative J. W. Colller, Miss.. will, be the speakers of the evening and a musi- cal program will be given. Charles Williams, colored, is held in Philadelphia by police in con- noetion with a murder at Warwick, on the Mount Vernon car line five miles south of Alexandria, October 20, 1919, Willlams was arrested, accord- ing to information received from Phil- adelphia detectives, on information furnished by a colored man. In the records of Fairfax County, Paul Morton, director of public safety, found that 1da Carter, colored, had been mur- dered about 3 am, October 20, 1919. A picture of Willlams was identified as that of a man who had been in the county about that time, Morton said. There were no’eyewitnesses to the Killing. Mortorr has asked that Willlams be held pending furtHer in- vestigation George Ferdinand Hoy, 26 years old, boilermaker, employed by the South- ern Rallway, died yesterday at his home, 1204 Prince street. Hoy was a prominent member of the Old Do- minion Boat Club, and was well known in athletic circles. Ho also was a-member of Alexandria-Wash- ington Lodge of Masons, Alexandria Lodge of Elks and Potomac Lodge of 0dd Fellows. He was unmarried, and is survived by his parents, Mr. and Mrs. Peter T. Hoy, and by two sis- ters and three brothers. Funeral services will be held at 3:30 o'clock Monday at his late home. Burial will be h Bethel Cemetery. “Cherry day,” for the benefit of the Alexandria Playground Association fund, is being held in Alexandria to- day. The custom eriginated 8 years ago. Twenty young ladies are as- sisting the association in selling arti- ficial cherries to any who chance to be on _the streets. Dr. Martin D. Delaney has been ap- pointed a member of the Virginia governing committee of the Gorgas Memorial Institute, of which Presi- dent Coolidge is the titular head. Members of Potomac Fire Depart- ment, Arlington County, will take part in the parade to be staged Mon- day by Friendship Veterans' Fire As- sociation. Fo s T ROCKVILLE, Md., February 21 (Special) —Robberies of homes in Chevy Chase and Vicinity within the last few months have kept Charles T. Cooley, lieutenant of police, busy. The home of Dr A. M. Stimson, at 414 Raymond street, has been looted four times. Thomas Martin, colored, of Washington, employed at the Stim- son pome, has been arrested. The negro admitted to robbing the house twice, according to the officer. Part of his alleged loot has been recovered from a pawnshop. The executlve board of the Mont- gomery County Federation of Wom- en's Clubs, which is composed of one representative from each of 30 or- ganizations, unanimously adopted a resolution at a recent meeting ex- pressing its appreclation at what is being done by the County Board of Education and Prof. Edwin W. Broome, county superintendent of schools. They are anxious to see kindergartens as a part of the county’s public school system, and think music and drawing should be taught in all of the elementary schools. The Rockville Woman's Club was en- tertained by Mrs. Willlam B. Mobley at her home at Laytonsville, Thurs- day afternoon. Mrs. Thomas D. Grif- fith conducted the, program, which in- cluded responses on Maryland history and en illustrated talk by Mrs. Wil- liam H. Talbott on “Discovery and Development of America.” Under auspices of the senior class of the Galithersburg High School, a largely attended dance was held Thursday evening in the high® school auditorium. The chaperons were Mrs, Thomas W. Troxwell, Mrs. John A. Stover, Mrs. W. D. - Barnett, Mrs. Grifith and Mrs. McLean. Mrs. Otis M. Linthicum entertained the Rockville Inquiry Club at its bi- weekly meeting. It was in the nature of a valentine party, and after a busi- ness session & paper on St. Valentine was read by Miss Lucy Simpson. Games were played and refreshments served. i Wooiworth (3. 118% 116% 1164 116% Worthington... 8% 784 71% 71% Wright Aero (1) 18% 18% 17% .17% Yellow Cab..... 388 38 38 88 Youngstn S&T: T2% 724 T4 12% tPartly extra. $Payable in preferred stock. Dividend rates I3 in the above table are the annual sh payments based on the Tatest quarterly or half-yearly declarations. Unless otherwise noted, extra of-. dividends are ot included. February 2 Alexandria- 22, of Masons Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Sales are in $1,000.) . « High." Low. Close. Sales. Lib3%s... 134 10128 10225 10123 Liblst4%s 12 10127 1017 10127 Lib 2d 4%s. 221 100 31 100 29 100 29 Lib3d4%s. 69 10113 10113 10113 Lib44%s.. 83 10131 10129 10129 US451944. 54 100 31 100 29 100 29 US4%s'62. 23 10431 104 30 104 31 FOREIGN. Argentinenss A. Argentine 6s B. Argentine 7s 2 Austria .14 9% Bank of Japan 6s. Belgium & . Tow. Closes 9 96 96% 6% 102% 102% 94y 947 29% 99% 8% 8 94 94 4 109% 103% 107% 107% 92% 93K 84 B4Y% 83 83 106% 106% 87 9T% 103% 103% 103 103 100% 101 108 108 108 108% 44% 44% 95% 964 95 98 100% 100% 99% 100% 101% 101% 11 1t 98% 98k 98 98% 101 101% 1013 102 104% 104% 93% 93% 90% 90% 98% 99 102% 102% o5 954 93% 93% 8% 89% 82% 9% 93% 84'% 8414 103% 106 997 99% Canada 6s 1953. Canada 5%s 19! Chile 7s 3942 Chile 88 1941 Chile 82 1946 = Chinese Gov Ry 68 Copenhagen 5%2 Czecho 8s 1952 ct: Denmark 6s...... Denmark 8 o D E16%s Mch'53. DEI6%sNov 53, Dutch East I 6547 Dutch East I 6s ‘62 E1 8alvador 2s 48 Framerican 7% French Ts w i French Govt 7 French Govet Germany 7s w Ger Gen Elec 7s.. Greek 7s w i Hungary 6%s Japanese 4s. . Japanese § Jerg Lyons 6 Marsetlle 6 Netherlands 65’5 Netherlands 6s '73. Norway 6s 194 Norway 6s 1944 Norway 6s 1952 Orient Dev deb 68 Parls-Ly's-Med €s. Paris-Ly's-Med 7 Parts Orleans 7 Poland s '40 Prague 7% Queensland Rio de Jan 8s 194 Rio de Jan e 1947. Seine Dept of 78 Serbs Cr'tes Slo 8 Sweden 5% vi. Sweden 6s. Swies 5%s 1946 Swiss Confed 88 Ud Kingm 5% 21 Ud Kingm §%s°51. 13 Ud Steam Copen 63 8 Uruguay 8s....... 3 108% MISCELLANEOUS. Ajax Rubber'ss 1 99% Am AgrChem 5s.. 1 100 Am Agr Chem 7%s 4 101 Am Chaia s f6s°33 23 99% Am Repub deb 6s. 4 96'% AmSmit& R 1st 68 3 Am Sug ret AmT& Tcltrés Am T& Tcltrbs. . Am. T. & T. SF 6s. Am'T & T deb 5%s Am Water Wks bs. Anaconda 1st 6s. .. Anaconda cv db 78 Andes 7s 25% pd.... Armour & Co 4% Armour of Del 5% Barnsdall s f 8s. Bell Tel Pa Beth Steel pm Beth Steel 5% Beth Steels f Brier H St 15t 5% 3 Bklyn Ed gen bs. . Bush T Bldg b Canf Pat %s. . Central Leather 58 Chile Copper 6s. Col Gs & El 53 sta. Commonwth P 65 Con Coal Md 1st b8 Con G NY 5%3 wl Consumers Pow bs Denver Gas 58 Dery (D G) s. Det Elison ref s Du Pont de N 7% Duquesne Light Empire G&F 7% Feder Metls 78 '3 Fisk Rubber 88 Goodrich 6%s. . Goodyear 8s 1931 Goodyear 8s 1941 Hershey 6s 1943. Humble O&R 5% Illinois Bell 1st 5s. Illinois Steel 4% Int Mer Marine 63. Inter Paper 58 :; Pue @ e pnemERaac—nRmonnaameBaraSesrn ol Ntaantna ERARBBRaBEEMBO G 114 116% 106 94% 1084 9% 100 100% 99 9615 9615 4 102% 96% 100 2 2 8 5 12 19 26 12 1L 22 14 2BomnenSwal sl - T R o= PP T P Nomamma e Keyser (J) 7s Liggett & Myrs 5a. Lorillard (P) 7s. Manati Sug sf 7%e Midvale Steel b Montana Pow 6 Mar's&Co lst 43%s. New Eng Tel bs.. N Y Eden 1st 6% ©Sw Otis Steel 88 Pacific Gas & El| Ppacific T & T 5353 Pan-American Phila Co 5%'38. Phila Co ref 68 A Phil & Rdg C&1 68, public Bervics 8 8. Sinclair Ol €s. Sinclair Oll 8% Pipe Sy ol 6%s.l South Bell Tel Gs... So Por Rico Sug 78 Southwest Bell 5i Tenn Elec Pow 6s. Tide Wat Oll 6% Toledo Edn 1st 7 Union Bag & P 6 United Drug 6 ) Va-Car Chem 7: Va-Car Ch 7%s sw Warner Sug 7s "41. West Elec 5 ‘Westinghouse Wilson & Co 1s ‘Wilson & Co cv és. ‘Winchester A 7%s Youngstn S&T — FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominat Sell; cold valne: o eEyanecks $4.8685 4.76%4 - e 67 102 8% London. pound Montreal, dollar Paris, franc . Brussels, franc - Berlin, ‘mark. Rome,’ lira Zurich, franc . Athens, drachma Madrid, peseta Vierna, crown Budapest, crown Prague, crown Warsaw, sloty Copenhagen, crown . Christiania,’ crown Stockbolm,” crown 4% March 15, 1925 4%s March 1 413a June 15, 1925 2%s September 1 4%s December 15, ... 101116 101 532 4%s March 15, 1926...... 101 1182 101 7 41(s September 15, 1926.. 100 29-32 101 1-32 4%s March 15, 1927...... 101 27 32 e DAL L AT 20 LN A Atlan CL 41864 RAILROAD. Sales, High. Low. Close. Atchison Gen 4s . AtlangcCLel 7 89% 5 86% 5 91% 107% 88% 88% 101% 102% 99% Atlantic ¢. L. 7 B & O gold 4 B & O ref 5 3 Balto & O 1st 6s ot. 10 B&Orfimpes.... 18 B&OSW dlv 3%, B&OPLEWY 4s. Bklyn-Manhat 6s Buff R & Pitt 414 Canad North 83, Canada North 1 Canada Pac deb Car Clinch & O Car Clinch & 0 Cent of Ga 6s Ches & Ocv 4% Ches O gn 4%s. Ches & Ohto cv bs. Chi & Alton 3%a. . Chi & Alt 3328 ctts Chi&Elgnés.... Chi Great West 4a. C M & Puget Sd 4s. Chi M &St P 4826 CM& St Pdb 4s. Cnl M&St P ov 4341 Chi M&St P rf 4% Chi M & St P cv bs. 2 ChiRT&Prfds ChiTH&SEbs Chi & W Inc cn 4 C&W 15%8" 62 wi. CCC&StLba..... CCC&StLrf6nA. C. & S. Ist 48, '29. Colo & Sou 4%s. Cuba RR 73 Del & Ha 18t Del-Hud cv 6s '3 Del & Hudson 5%s Den & Rio G cn 4s. D & Rio G imp bs.. D & Rio G Wst by Erfe gen 43 Erfe conv 4s Erie conv 4s B Erfe conv 4s D Erfe & Jersey 68 Gr Trunk sf db 6 Great North 5s Gr North 5% Gr North gen 7 Havana ERL&P 68 Hud & Man ref 5s. Hud & Man aj bs. . 11l C-C St L&NO 53 int Rap Tran b Int Rap Tran Iowa Cent rf 4s. Kan City Ft S 4s Kansas City S 3s. Kansas City 8 s Kan Cy Term 4 Lake Shore 482 Lehigh Val cn 4s Louls & NGs B. Louis & Nash 7s Man Ry 2d 48 2013. Mil El Ry & L 6s.. M StP & SSM 5%s. =N » e Mo Pacific s Montrl Tm 1st bs.. New Or Term 4s. N O Tex & Min 68 N O Tex & M 5s B. NO Tex & M 5% BunanobanSawrie waeSuliadloteinounne S NY Chi & St L. NYC&StL6ésA.. New Hav d 48 '57.. New Havcdés. New Haven 7s.... -1 NY Ry rf 4s ctfs N Y State Ry 4% NY W & Bos 4%s. Northern Pac 3 Northern Pac 4s.. Northern Pacr16s Ore Short L ref 4s. Ore-Wash 1st rf 4s Pennsyl gen 4%s. Pennsyl gen 6s. Penn. 5s. 64...... Pennsyl 6%s...... Pennsyl gold 7s... Pere Mrq 1st 43°56 Pere Mara 1st bs. . Por R L & P 68 °47. Reading gn 4%43.. 135 RIATKk&L4% St LIM&S 4s°25.. St LIM&S R&G 4s. StL&SFpl4sA StL &S F pr In 6s. StL&SFb6%sD LNe' Haven 7s fr.. =19 P R Sou Paclfic ctl 4s.. Southern Ry &n 48 Southern Ry lst bs Southern Ry 6s ct Southern Ry 6% Term Asso St L 5s. Third Ave ref 4 Third Ave 8dj b TolStL & W 4s Union Pac 1st Unlon Pac 4s '27. Union Paccv 63 Va Ry & P 1st b Wabash 1st 6s... Wabash 2d bi West Shore Western Pacific 5 Wisconsin Cent 4 89 86% A% $9% 6% 915 107% 88% 83% 101% 102% 997 86% 87 87% 117% 116% T9% 100% 107% 103% 88% 97 B9% 104% 57% 4% 79 62% 66 85% 53 bb6% B1% B6% 99% 86 101% 112% 109% 83 86% 7% 9% 98% 96% 108% 9% 92% 104% 89% 107% 102 84% 99 59% €5% 69 68% 73% 5 104% 107% 94% + 101% 110% 86% 88% 3% 98% 1% T8'% 2 103% 76 244 R4y 1% 90% R56% 98% 804 102% 106% 54% 874 8814 664 7% 92 85% 7 1014% 105% 109% 100% 56% 45% 831 92y 99 104% 97 94% 101 96 83y 93% 80% SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Aluminum Co. of Amer. American Sugar 6s 1987, Anterican Tel. & Tel. 6s 1925 Anaconda Copper 6s_1929. Anglo-American 011 7 Associated Oil 8s 1685 Daltimore & Ohio Os 1929 Bell Tel. of Canada 5s 19. Central of Georgia Gs 1029 Central Leather o5, April, i Chi., Mil. & St. Peul 6s Chisy R. I. & Pacific 814s To20 [ EL_1st s 1027, Continental 1927 Du_Pont_ 7 Federal Sugar Federated Metals Goodyear T. & R. 8s 1931 Great Northern 7s 1936, Gulf Ofl Corp. of Pa. S%s 1928. Humble OIl 540 188200 oo ow. Sec. Corp. i . & 8, §. M. 648 1981 Oregon_Short Line ds 1929, Pennsylvania R. R. 7s 1930. Pure 011 515, Augu Swift & Co. bs 1882 Tidewater Oil 6 Union Tank Car % U. 8. Rubber 7%8 1030. L Western Union 6135 193¢ = Westinghouse E. & M. 7s 1931. Do. sp Lake Sh Mine FINANC WEEK SEESWHEAT | AND CORNHIHER Decrease in Visible Supply and Reports of Worthless Seed Are Special Factors. By the Associated Prese. CHICAGO, February 21.—Despite many rapid shifts, the general tend- ency of the wheat market has been upward this week, helped by asser- tions that supplies of wheat in the United States would be only suf- olent for domestic needs during April, May and.June next. Compared with a week ago, wheat this morning was 1% 'to 3% higher, corn 1% to 2% up, oats unchanged to 11 lower and pro- vislons varying from 10al2 to 50 gain. Recelpis Falling Off. It was pointed out that generally the demand from abroad for wheat becomes most urgent in the three months named, and that a decided falling_off in the volume of receipts at domestic primary markets is at present well under way. In_this connection, howover, faflure of United States visible supplies to decrease as rapidly as had been looked for was rather disconcerting to would-be promoters of higher prices. On the other hand, many countries were mentioned as having yet un- filled big requirements of bread- stuffs, with India’s new crop out- look precarious and the 1925 Russian harvest threatened to be a failure. Toward the end of the week favor- able reports as to the outlook for the new Winter wheat crop in the United States attracted considerable atten- tion. With the crop described as al- ready greening um in the southern portions of the wheat belt, July and September deliveries went to a wider discount in price as compared with May. Good Gain in Corn. Corn owed much of its gain this week to reports that 50 per cent of sead corn is worthless. Besides, 2 big decrease of the movement of corn to primary centers was noted. Immense stocks of oats available tended to pull down the oats markets. Hog values at the season’s top rec- ord made provisions average higher, although lard is piling up here fast. CHICAGO GRAIN PRICES. CHICAGO, February 21.—Selling on the part of holders both of wheat and corn pulled down prices today during the early dealings. Some of the sell- ing of wheat resulted from standing orders to stop losses at certain limits. Buying support for the market was lacking except from previous sellers who were in a position to collect a profit. The opening, which varled from unchanged figures to 1% lower, May 1.84 to 1.84% and July 1.53% to 1.53%, was followed by material de- clines all around and then by rallies, which, however, failed to last well. Corn weakness was accentuated by the fact that cash demand was slow. After opening at !5 to 1 cent off, May 1.28 to 1 %, the market underwent an additional sag and then recovered somewhat. Oats went down grade with wheat and corn, starting at % to 1 lower, May 52% to 52%, and showing but little power to react. Higher quotations on hogs gave a lift to provisions. High. 1868 Low. duly September CORN September 16.07 16.40 16665 Washington Stock Exchange. SALES. 6s '33—$200 at 102, $300 430. 02. tional Savings and Trust Co. _ National Mtge. & Invest. pfd.—: 50 at 9%, 200 at 0%, AFTER CALL. Washington Rwy. & Elec. com.—3 at 101 Potomac Electric Cons. 55—32,000 at 95%. Chesapenke and Potomac Tel. o5—$1,000 at Togse, 32000 ac 100K, 3100 at 1005 snington Rwy, & Elec. pfd.— o Bening 3 ec. pfd.—100 at 81%, LISTED DEPT." Chapin-Sacks 8% ptd.—3 at 90%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid 081 dnac® American Tel. & Telga. 4s.. American Tel. & Telga. 43 Am. Tel. & Tei. ctl. tr. 5 Amer. Tel. & Tel. conv. 6s. Anacostia & Potomac & Potomac guai Telephone 5. Telephone of City & Suburban 5t Georgetown Gas_ 1sf Potomac Elec. 1st Potomac Elec. co Potom: : Pot. Elec. Pow. g. m. & ref. . Alex. & Mt. Ver. 5s. h., Alex. & Mt. Ver ctf, D. C. Paper 6. Pot. Joint Stock L'd Bank o Riggs Realty Gs (long) Riggs Realty 5s_(short). Bouthern Bldg. 63s... Wash. Mkt.gold Storage Gs. Wardman Park Hotel 6.. STOCKS. PUBLIO UTILITY. TAL. LOCAL BANK STOCK JUNIPS 30 POINTS National Savings and Trust Market Feature—Other Financial Notes. BY CHAS. P. SHAEFIER. An abrupt jump of 30 poi o 430 on a three-share sale by stock of the Natlonal Savings & Trust Co was the most interesting feature of the week's closing session on the Washington Stock Exchange. The National Savings & Trust Co. js one of the strongest banks in the city. It has a capital of $1,000,000 which {s equaled by the surplus tund, while the undivided profits ac count of the institution is more than $200,000 in excess of surplus. The last sale of the company’s stock was made in December at an even 400 Washington Railway & FElectric preferred jumped into the limeligh: with sales aggregating 500 shares at 81% and 81. Three shares of com- mon brought 101 Potomac Electric consolidated s were off to 98%, with Chesappake & Potomac Telephone s selling at par and a quarter. North American Dividend. Directors @f the North Americar Company have declared the regular quarterly dividends of 1l: per cent on the preferred and 23; per cent o1 the common stock, both pavable o April 1 to stockholders of record March 5. The dividend on the\ com mon will be paid in common stock a par, or at the rate of one-fortieth of {one share for each shars held o record at the close of business March 5. Common stockholders, however, have the option of receiving cash on April 1 for their dividend common stock at the rate of 85 cents a share, but, in addition, the company Wwill arrange. upon request, for either the purchase or sale of fractional scrip on a mar- ket basis. Under the latter plan, with 47 as the market value, the stock- holder desiring to dispose of his dividend stock would receive 311 for each one-fortieth shars held, o 30 cents more than the cash dividend option At the present market of around 47 the dividend is equivalent in cash to $1 a share. On the date of the previous dlvidend the cash equivalent was only $1.02. Bakers’ Conference Ends. The importance of better under- standing of human relations in in dustry was urged and -formed the keynote of the three-day conterence on plans and pollcies of the 42 presi- dents of subsidiary baking companiex of the newiy formed Continental Baking Corporation, concluded yester- day afternoon in Chicago. Karl W. Corby, president of the local Corby Baking Company, an im portant member of the combine, was in attendance. Financial Hollday Monday. Financial markets of the country as well as all local banking institu- tions, will suspend business, honor- ing Washington's birthday on Mon- day. Building and Loan Business. Building and loan associations in the United States number 11,814, with a membership of 7,932,000 and assets of $4,128,000,000, according to the New York Trust Company, which states that their rapid growth within recent vears is one of the outstanding features of the trend toward greater partici- pation of wage earners in the fruits of capital and capital accumulations?” The bank estimates that 38 per cent of the financing of urban and sub- urban homes owned by their occu- pants is accomplished through build- ing and loan associations. Heating Contract Awarded. The W. G. Cornell Co. of Washing- ton and New York has been selected to install the heating and ventilating fixtures in the new Federal-American National Bank Buflding, John Poole, president, said this morning. The heating plant will be of the in- terchangeable design, an §,000-gal- lon capacity oll burner providing an auxiliary to the coal furnace. CHICAGO LIVE STOCK MARKET CHICAGO, February 21 (United States Department of Agriculture).— Hogs—Receipts, 7,000 head; active; 10 to 15 higher than Friday's best prices light light and slaughter pigs, 25 to 50 up; bulk good and cholce 180 to 350-pound butchers, 11.40a11.50; top. 11.75, paid by all interests; bulk 140 to 160-pound weight, 10.85a11.20: packing sows, largely 10.40a10.60. strong weight pigs, largely 10.00a 10.50; estimated holdover, 3,000: heavywaight hogs,11.40a11.75; slaugh- ter pigs, 9.25a10.50. Cattle—Receipts, 500 head, com- pared week ago; fed steers, yearlings ang better grades fat cows mostly 50 to %5 higher: heifers mostly 50 high- ; light kind in liberal supply at canners and cutters strong to 25 higher; bulls mostly 15 to higher; veal calves closing 50 lower stockers and feeders strong to higher; best matured steers, 11.35; top yearlings, 12.25; mixed vearlings. 11:25; bulk prices follow: Beef steers 8.35a10.40; fat cows, 4.50a6.25; heifers 6.25a8.25; canners and cutters, 2.80a 3.65: veal calves, 11.50a13.50; feeder steers, 6.25a7.50. Sheep—Receipts, 2,000 head; today's run includes around 1,100 direct; to- day's market steady; bulk desirable fat lambs, 17.25al17.50; for week around 17,000 direct and 141 double- deck lots, compared week ago; bet- ter grades light and handyweight fat lambs around 25 lower; others 50 to 75 off; yearlings 1.00 lower; fat sheep 25 off; feding lambs, 60 to 75 lower bulk prices follow: Fat wooled lambs 16.75817.50; week’'s top, 17.90; Colo American Tel. & Telga Capltal Traction : shington orfolk & Steamboat. Wash. Rwy. & Elec. com.. Wash. Rwy. & Elec. ptd. Terminal Taxi com. National Capital. Colymbia Commercial Dists Farmers & Mechanics’ Federal-American .. Liberty . . Lincoln Natfonal Metropolitan. Rigge = Second National American Security & Trus Contivental Trust Merchants' Bank . National Savings & Trus Union Trust. Wash. Loan & Trust SAVINGS BANK. Commerce & Savi: Merchants’ Transfer & Storage. Mergenthaler -Linotype - (. Mege. & Invest. pfd. Ola Dutch Market com. Old Dutch Market ptd Tanston Monotype Security Storage. Washingtn Mark Yellow “Cab LS dividend. rados mostly 17.00217.75; fresh shorn lambs, 14.00a14.50; vearlings, 14. 15.50; fat ewes, 8.50a9.00; top, wethers, 10.50812.00; 2-year-olds, 1 desirable feeding lambs, 16.50a17. week's top, 17.60; closing top, 17.00. STOCK ISSUE OPPOSED. NEW YORK, February 21.—Stock- holders of the International Silve Co., claiming to represent 5,000 of its less than 7,000 shares of com- mon stock, have filed suit in the Stat: Supreme Court to restrain company officers from carrying out a proposed special issue of stock to compan: heads. . SIMMONS SALES OFF. NEW_YORK, February 21.—Sin mons Company sales for the yea ended November 30, 1924, declined t« $381,667,741 from 334,667,258 in th previous 12 months. Net profit was $2,767,473, equal after 7 per cent pre ferred dividends to $2.54 a share on the common stock, against $2,413,402 or $2.23 a share in 1923. RATES ON BAR SILVER. LONDON, February 21.—Bar silve: 3214d. per ounce. Money, 2% per cent. Discount rates, short bills 38%a3 11-16 per cent; three-month bill< 313-16 per cent. LIVE POULTRY LOWER. CHICAGO, February 21.—Poult:y alive—Lower; fowls, 23a24; 26 ; roosters, 18; turkeys, 25, ducks, 27.