Evening Star Newspaper, February 26, 1925, Page 28

FIN NEW STOCKS JOIN INDAY'S ADVANCE Fresh Lot of Issues Include Motor, Sugar and Ship Shares, Long Inactive. BY STUART P. WEST. 1 Dispatch to The Star. A February 26.—Opera- tions for the r in the stock market tod; were extended to a fresh lot issues, in which speculation has played little part in the recent trad- ing. These included the motors, a few of the sugars, the shipping shares and a number of industrial special- ties. The big feature was the upbidding of several high-priced stocks of the type of Associated Dry Goods and Nash Motors, where the floating sup- ply has been greatly reduced and the public interest is small. The possi- bility of a capital splitup figured in the buying of nearly all these stocks. The general body of the list was strong, although the volume of busi- ness was comparatively small as it had been the preceding day. Motor Stocks Leaders. Motor stocks were the leaders, follow- ing out a movement which had become well defined toward the close of busi- ness Wednesda. This time, however, it was not stocks like Studebaker, Gen- eral Motors and Plerce Arrow, to which so much attentlon was paid. Rather, the big trading was in low-priced issues which heretofore had not been promi- nent, among them Packard, Hupp and Moon. Willys-Overland preferred ran up sharply. Shipping stocks were in demand under the lead of Atlantic Gulf and West Indies, which crossed 34, Marine preferred was also strong. In Atlan- tic Gulf initiative appeared to "be coming from sources which have been particularly successful in other direc- tions during the recent buil campaign Laclede Shares Stromg. Among the public utilities, Laclede Gas was the feature, with a jump of more than 12 points. People’'s Gas of Chicago went along, and Columbia Gas sold at a new high above 51. There was more activity in Standard Gas and Electric. In the railway section there were few features. Louisville and Nash- ville, which had started up on the previous day, was one of these, jump- ing 2 points on talk of increased dividends. Other members of the railway group held steady most of the time, but showed no disposition to resume their upward movement of a few davs ago. The report of the St. Paul for January made a better show- ing than many had expected. Like- wise, the monthly earnings figures of some of the other carriers, including the Baltimore and Ohio, the New ‘Haven, Lehigh Valley and the Pere Marquette, were higher than for Jan- uary, 1924 Specialties Active, Among the speclaities Remington Typewriter ran up sharply. Asso- ciated Dry Goods shot forward again in remarkable fashion, and May De- partment Stores was also strong. Sears-Roebuck was in demand and Central Leather preferred went higher. Great Western Sugar was a strong spot in its group. Other sugar shares, including Cuba Cane Sugar preferred, were stronger. The weekly statement of the Bank of France threw further light upon the recent decline in francs. With loans to the government stationary, and with no change in loans and dis- counts, note circulation had a further increase. Columbia Gas Strong. Columbla Gas and Electric continued active following the announcement Wednesday that the company had acquired the Dayton Power and Light Company. The Columbia Gas president stated that by “this step the huge natural gas resources of the Columbia Gas system, its present power facilities and those of the Dayton Power and Light, will be unified, and insure the industrial territo served a grea(ly strengthened public utilit MAREKET CLOSES STRONG. Offerings Well Absorbed in To- day’s Trading. By the Associated Press /' YORK, February 26.—Stock prices continued their upward move- ment today, with pool operations ag- gressively conducted in a number of specialties. -~ Railroad shares con- tinued to respond to reports of new seasonal records in car loadings and industrials were bought on expecta- tions of favorable earnings and d dend developments, Total sales ap- proximated 1,450,000 shares. The closing was strong. Some profit-taking took place in the late trading when call money was marked up to 4% per cent, but the offerings were well absorbed Markets at a Glance W York— Stocks higher; since 1923 Bonds irregular; trading restricted by bank rate rumors. Foreign exchang: francs slightly higher. Cotton higher; firm spot markets. Sugar firm; Cuban support. Coffee steady; foreign buying. Chicago— Wheat strong; able weather. Corn firm; sympathy wheat. Cattle steady to higher. Hogs firm. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noor Dia score issues highest steady; French predictions unfavor- 4%s December 45 Maceh s Septembe G’Mx March %8 December 15, * 1007 00 3 © 1011816 101 15-16 © 101 13-16 101 1516 e FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks a; London, Montreal, Copenhagen, Christiania, Stockholm, crown. By thé Associated Press NEW YORK, February cign exchanges, steady. (in United States dollars): Great Britain, demand, 4.75 cables, 4.75%; 60-day bills on banks, 4.72%. France, demand, .0516%; cables, .0517. Italy, demand, .0405%; cables, .0406. Bel- gium, demand, .0503%; cables, .0504. Germany, demand, .2380. Holland, .4002. Norway, .1520. Sweden, .2693. Denmark, .1782. Switzerlind, .1921. Spain, .1415. Greece, .0159. Poland, .19%. Czechoslovakia, .0296%. Jugo- slavia, .0160%. Austria, .000014%. Rumania, .0049. Argentina, .3987. Brazil, .1094. Tokio, .39%. Montreal, .99 29-32. 26 —For- Quotations ANCIAL. THE EVENING STAR, WASHING;I‘ON, D. NEW YORK STOCK EXCHANGE Direct to The Star Office Recelved by Pri Open. High. Adams Exp (6). 100% 100% Adv Rumley.... 14% 15% Ad Rumly pf (3) 4T% 50% Alr Reduct (16). 109 111% Ajax Rubber.... 12% ‘12% Ajax right, [ Alaska Jun 1% 1% AllAm Cable (1) 324 124 Allled Chem (4). 87% 89% Alled Cm pt (7) 118% 120 ALis Chalm (4). 75% 177% Am Agricul Chm 19% 19% Am AgChmpt.. b52% 62% Am Beet Sug (4) 40 41% Am Bosch...... 40% 40% Am Brk Shoes (5) 102 106 Am Can (18).... 174% 176 Am Canpt (7).. 118 118% Am Car & F (12) 208 210% AmChain A (2). 24% 2% Am Chicle. . 434 48% Am Drug lsn('; 6% 6% Am Express (3). 156% IBSK Am & For Pow. Am & Fr P pi(T) 92v. Am Hide & Lea. 13% Am Hide & L pf. Am Ice pf (6)... Am Internatl. .. Am La France (¢ Am Linseed Am Locomo (6). 185 Am Loco pf (7).. 128 123 Am Metal (3)... 50 50 Am Plano pf (7). 98% 93% Am Radfacor (4) 98% 98% Am Radia pf (7) 128 128 Am Safty Rz (3). 44% 44% Am Ship & Com. 12w 12% Am Sm & Ref (6) 99% 99% Am Snuff (12)... 147 148 Am St Fdys (3). 52% 68 Am Sugar...... 67% 69% Am Sugar pt (7) 100 100% Am Sumatra 18 AmT & Te 134'/. 184% Am Tobacco (7). 87% 88 Am Tobac B (7). 87 8Tk Am Tobac pf (6) 105% 105% Am Type pt (7). 1€6 108 Am WW&E] 30c. 87% 384 Am W W pf (6). 101 101 Am W W lst (1) 103 108 Am Woolen 50% bl% Am Woolptd () 89 Am Zinc pt Anacouda (75¢). Archer-Danfels. Arch-Dan pf (1) Armour Del (7). Arn Cons & Co.. Asso Dry G (5).. Asso Oll (1%) AtT&SFe (7 AT&SFpt (5). Atl Birm & At... Atl Coast L (19). 1 AtGulif & WI.. AtGulf& WIpf 42 Atlas Tack..... 9% 9% Atlantic Refiinin 113 118 Austin-Nichola. 27% 28% Austin Nic pf (7) 89% 80 Auto Knitter... 2% 2% Baldwin L (7).. 144 146 Bald Loco pf ('l) 114% IN% Bal & Ohto (6).. 79 Bal & Oh ptf (4).. 65 65 Barnsdall A..... 26% 27% Barnsdall B. 20% 21 Bayuk Clgar. 49% 49% Bayuk 1st pt (‘l) 97 97 Beech-Nut (3).. 171 71 Bethlehem Steel 46% 48 < Beth Stlpf (7).. 99% 99% Beth Stlpf (8).. 114 114 Briggs Mfg(3%) 38 38 British Emp 2d.. 10% 10% Bkl Edison (8).. 127% 128% Brk-Man Tran.. 42% 42% Bklyn Man pf (6 80 80 Brklyn Un G (&) 77 kit Brown Shoe (4). 72 72 Burns Bro (10). 99% 99% Burns Br B (2).. 20% 20% Bush Term (5).. 86 88 Butte Cop (50c). T4 T% Butte & Superior 19% 19% Butterick Co. 2% 21% Caddo Central.. 1% 1% Cal Packing (6). 109 109 Cal Pete (1%).. 274 28 Calit Pet pt (1). 104% msw Callahan Zine. .. Can Pacific (10). lsm lsw- Case Thresh pf.. Cent Leather... oo Son Cent Leather pf. 62% 63% Century Rib (2) 38% 3%% Cero d Pasco (4) b1% bl Certaln-Teed... 44% 45% Chand Mot (3).. 34% 85 Ches & Ohio £4). 95% 96% Ches & O pf (6% 108% 1084 Chicago & Alton 10 Chic & Alton pt. Chic & East I1l.. Chi& EINRL.... Chic Gr W Chic Gr West pf. Chi Mil &St P,. ChiMil&S Ppl 21% 28% Chi & Nwn ( 687 69% Chi & Nw pt (1) nav. llsv. ChiStPM&O.. Chi R1& Pa Sis Bix CRI&PD!(6). 88% B84 Chile Cop (2%). B86% 86% Chino Copper... 256% 26% Cluett Peab (5). 65% 66k Coca-Cola (7)... 90% 91 Colo Fuel & Iron 44% 45 Colo Southern... 58 58 Col G & E (2.60). 50% 51% Col G & E pf (7). 106% 106% Col Carbon (4).. 47% 4T% Com Inv (2.50).. 65 65 Com In Tr pf (7) 104% 104% 170 170 1656 170 89% 39% 186 'A l!?% 192% 87 l2l\6 125% 94% 94% 4 164% 824 85% 43% 85 52% b2% 13% 14% 31% B1% 12% 13% Com Solv B. Congol-Naira (3 Conley Foil (st). Consol CIgar. .. Con Distributrs. Consol Gas (). Consol Textil Cont Can (4). Cont Insur (6).. Cont Mot (80¢).. Corn Prod (2) Cosden Co. Crucible St Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuban Dom pf.. Cushmans (3). Cuyamel Fr (4. Dav! Deere pf (8).... Del & Hud (9).. DelL& W (6).. D&RGWstpf.. Detroit Ed (8).. Dome Mines (2) Doug Pectin (1). Dupont (10). .. DuPont deb (6). Dugquesna pf (7) Eastman (16%). Eaton Axle..... Eleoc St Bat (15). Emmerson Brnt End-John (8) 139% 140 46% 467% 116% 116% 1 % 106% 105% 15 116 12% 12% 64% 64% 1% 1% 69% 69% 83% 33% 44% d4% 2 42 84N 84% bk (2.60).. Fairbks 8% 00% Famous P1 (8).. Famous pf (8). Fed Mines pf (7 Fid Phoenix (6) 154 Fifth Ave (64c) 14 Fisher Body (5). 3% ¥iak Rubber.... 12 Fish Rubber pf. Fieischman (14) T7% Foundation (6). 107% Foundation rts.. 1% Freeport-Texas. ‘9% Gardner Motor. . Gen Am Tak (3) Gen Asp! Gen Cigar (l)- Gen Electric (8) Gen Elspl (60¢), Gen Motors (8) Gen Mot pf (7). Gen Petrol (2).. Gen Refrac (2) Gimbel Bros. ... Gimbel Br pf (7) Ginter Co (1%). Gliaden Co.... Goodrich. : Goodrich of (7). Goodyear Df. Granby Consol Grt North pf (5), ivate Wire Low. Closs. 100 100 14% 164 47% 50 108% 100% 12% % 1% 124 87 118% 6% 19% 51% 40 40 102 174% 118 208 24% 48% 619 156 81 lBA!fi 122% 49% 93% 98 128 44 11% 99% 147 51% 674 100 18 134 87% 86% 105% 106 3% 101 108 182% 86% 128% 94% 3% 1638 324 42 9% 112 27% 89% 2% 143% 114% 9 26% 114 87% 10% 127% 41% 80 7 72 97 20 86 % 19% 21 26% 104V| IBIK 64 20% 62% 88% b1% 44% 34% 95% IDSM 11& 35 b2% 13% 81 12% 21% 68% 115% 50 51% 88% 85% 25 65% 0% 44% 57% 50% 106% 47 65 104% 167 165 89 105% 114% 1% Grt Nor Ore (4). Grt Wstn Su (8) Gt West 8 pf (1) Greene Canan... Gulf Mo & Nor... Gulf St Steel (5) n ($2.50) Wheel (3) Hayes W p? (7% Homestake (17) Househ P (13%) Houston Ofl. . Hudson Man Hud Man pf Hudson Mot (3). Hupp Mot (1)... Tilinots Cent (1) 111 Cent pf (6)... Independ Oil (1) Indian Motorcye Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr Int Bus Mac (8). Int Cement (4). Int Com Eng (2) Internat Har (5) Int Mer Marine. Int Mer Mar pt.. Internat Nickel. [nternat-Paper. Inter Paper pf.. Inter Salt (6). .. Int Shoe pf (8). . Int Tel & Tel (6) Int Tel & Tel rts Intertvpe (11%) Jewel Tea...... Jones Bros T Jerdon Mot (3).. Kansas & Guif.. Kan City South. Kan C So pt (4). Kelly-Sprigfield. Kelly Spring 1st Kelly Spring pf. Kennecott (3).. Keystone T & R. *Kresge(SS) (8) Kresge S8 (8) Kresge Dep Str. Laclede Gas (8). Lehigh Val (3% Liggitt & M (14). Lig & My B (14) . Lig & Myrs rgts. Lima Loca (4) Loews Ino (2). Loose-Wiles Bis Lorrillard (3)... Lorillard pf (7). Loulsiana Ofl. Open. 86% 96% lllK 7 90% 1% 37% 104% 44% 864 9% 24% 65% 41 15% 114% 114 26% 16% 84 46 284 304 120% 56 40% 106 13 47% 27% 59% 16 51 4% 3300 2% 509 501% 39 140 8% 60% 807 8% 694% 23% T 4% 83 84 108% 20% High. Low. Close. /3% 86% 87 ‘98% 96% 111% 111% 16 16 27% 21 914 89 81% 381% 838 37% 104% 104% 444 43% 36% 85% 80% 179 16% 16% 116% 1147 115% 114 27% 256% 120% 120% 66 56 41% 40% 106% 106 13% 12 48% 46 27% 27% 67% 56 103 108 74 T4 119% 119% 94 93 4% 4% 25% 26% 2U% 214 18% 18% b4% 51 % _ % 89 38% 59% b59%% 48 3% ~ ATH 53% 2% 2% 509 509 501% 501% 39 38% 145 140% 8% T8% 61% 60% 61% 607 9 34 108% 108 21 20% Louis & Nash (8 109% 111% 109% 37 87 Ludlum (2). Melntyre (1) Mackay pf (4) 18 68% ELEY 18% 18 68% 68% Maci Trucks (6) 139% mm 188% 75 Macy HR & Co. Magma Copper.. Mallinson & Co.. Manat! (5). Man El md & (5) Maracaibo Ofl... Market Street. . Market St pf . Marland Ofl. .. .. Mar-Rock (25c). Martin-Parry 4. Martin-Par rts. Mathieson Alka. Maxwell Mot A... Maxwell Mot B . 54 45% May Dept 8t (). 105% 107 Metro G pt (1.89) Mexican Seabd.... Miami Cop (2) Middle States. . 76 40% 29% 62% 49% 20% 16% 21% 1% cosfi 20% 634 49% 31 8 27 42% 11% 32 * 0% 86% 40 29% 524 49% “ 106% 20% 20% 16 16% 2% 21 14 1% Midind Pr pf (l) IOAW IDZK I02‘§ Mis Kan & Tex. MK&Tpf (5).. Missouri Pacific Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mcther Lode 760 Mullins Body. Munsingwr (3). h Mot (111). at Acme (sta). Nat Biscult (14) Nat Cloak & Sut Nat Dairy (3)... Nat Dept Storss Nat Distillers pf Nat Enamel &8 Nat Lead (8)... Nat Ry Mex 2d.. Nat Supply (3).. Nevada Copper. . NY Alr Br (4).. NYAIrBr A (4) N Y Canners (2) N Y Central (7). NYCStL(8)... NYC&StL pf (6) N Y & Lack (7). NY NH & Hart, NYO& Wst Norfolk South Norf & W (18) North Am (3.40 North Am pf (3) North Pac (5)... Ontario Mining. Orpheum (1.80). Orpheum pf (8). Otis Elev (16%) Otis Steel... Owens Bot (2).. Pacific Gas (8).. Pacific Ol (2). .. Packard (11.50). Packard pf (7). Pan-Amer (6). Pan-Amer B (6). Panhandle Panhandle pf... Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Pere Marq (4).. Phila Co (4).. Phila&RC&IL. Phillip Morris Phillips Pet (2). Phoenix Hoslery Pler8e-Arrow.. Plerce-Arrow pt Pierce A prior 8. Pierce Ofl. Pierce OIl pf.... Pierce Petrol.... Plltl Ut pf (1. SO Pitts Ut ctfs 1.20 Pitts & West Va Postum-Cer (4) Press Steel Car. Pr St Car pf (7). Prod & Refine: Pub Ser N J (5). Pub Serv rts (n) Pullman Co (8). Punta Al Su (5). Pure O} “13%). Pure O11 pf (8).. Radio Corp of A. Ry Stl 8pg (8).. Ry StSppf (7). Ray Cons Cop... Reading (4) Reading rts. Reading 1st (2). Read 2d pf (2).. Remington Type Replogle Steel. . Rep It & Steel... RepI &S pt (7). Reynolds Sp (1) Roy Duth 4.42% StL & San F (6) StLSanF pt (6).. St L Southwest. Air subdq:ldr Lopf.. 265 5 684 6814 9% 108% b8 86 8! 141% 44% 30% 105% 66% 133 118% 83 b1% Bl‘i 40+ 81% €815 50% 27 B4 19% u 70 % 141% 44% 80% 1063 65 133 524 101% \osn wlu 43 Sears-Rocbk (6) 158% l‘z& 168 Shattuck-Ariz.. Shell Trad (2.06) Shell Union (1). Simmon Co (2).. Simms Pet (50¢) Sinelair Ol1 . Sinclalr pf (8), Skelly Oil. Sloss-Sheft (6). South Port 8 (6) 6% 43% 25% 20 70 43% South Por pf (8) 101% 102% Soyth Pao (6).. 106% 1 u Southern Ry (8) South Ry ot (6). 0% N% % 90% o o1 ol |ai Peak Crude Oil Prices Declared Already Reached Special Dispatch to The Star. TULSA, February 26.—Basing their arguments on the fact that gasoline has begun to feel the ef- feet of accumulation which has been going on since December, and because other refined products are sluggish, oll men here declare they do not expect the price of crude to rise higher in the immediate future. OIL BONDS HEAVY AS OUTPUT GROWS BY GEORGE Special Dispatch to The Star. NEW YORK, February est in the bond trading, on Wednesday had centered traction issues, shifted_today St. Paul and the sugafs. At one stage the St. Paul 4s of 1925 were quite weak. They were off a point and a half at 67, but later these bonds rallied following the pub- lication of the January earnings re- port, showing an increase of’$560,000 gross and $750,000 net, as compared with the month a year ago. The net increase was over 100 per cent Accompanying the general activity in sugar securities there was a strong market for the Eastern Cuba Sugar T1%4s. These bonds were In demand between 1067 and 106%. The Cuba Cane 8s were also distinctly higher, although there was no particular news from the sugar trade to explain the buying. The Third Avenue adjustments, which on. Wednesday had broken sharply, appeared to have reconciled themselves to the cut in the Interest payment. They were selling most of the time around 42. Excitement also quleted down in the Chicago Railway 58, New York, Westchester and Bos- ton 4135 showed the effect of profit- taking. They were off some 2 points from their top. Austrian Ts were fractionally high- er, but the net changes in_the foreign section were as a rule unimportant Peru $s did_rather better. City of Copenhagen 53s were a bit lower. Today's New Offeringw. New offerings today included $30,- 000,000 United States Rubber 6% per cent serial notes to yield from 6.52 per cent. Next in Importance the $7,000,000 City of Philadel- three-year 4 per cent bonds priced at 101% to net over 3.91 per cent. Other new financing included $5,000,000 United Light and Power 5% per cent notes at 99 and $2,300,000 gux City Gas and Electric 5lgs briced at 97. The rubber issue was quickly oversubscribed T. HUGHE 26.—Inter- which on in the into the SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Anglo-American 0il T Associated Oil 65 Baltimore and Ohio 6s Bell Tel. of Cani Central of Georgia 6s 1 Cent. Leather hi 1 Du Pont Tlgs 1081. Federal iu{' Ref. Fed etals 7s 1939 b Great 11 Guit 0l ‘Corp. "of . .u,. 1028 Humble Ol Sirasts; 1 Lenign P o R R STS S us.-mal Morris. & Co. Thgs 1080 New York Ceniral 6s 1933 Qregon Short Line ds 1920. R. R. 7x 1930 Pure Oil J Swift & ( Tidewater Ol Unfon Tank C 1930 U. S. Rubber 7i4s 1830 Western Union 6ias 1036.. & 931. 10764 i . called for pay- ment February 1, 3% Fisber Body w'fir 1927, ment Febroary 1. 1525, at 102 —_— e RATES ON BAR SILVER, NEW YORK, February 26.—Bar sil- ver, 68%; Mexican dollars, 52%. alled for pay- Std Gas & El ptd St Ofl Calif (2) StOIINJ (1) Std Plate Glass. Sterling Prd 6% Stew Warner (5 Studebaker (4). Submarine Boat Superior Ofl. Symington. . Symington (A). Tennessee Cobpe Texas Co (3) .. Tex G Sul (17%) Tex & Paclfic. .. Tex & PacC &0 Third Avenu Tide Wat Ol Timken (13%).. Tobac Prod (6). Tobac Prod A (7 Transcont Oll... Underwood (3). Un Bag & Paper Union Oil (1.80). Un Pactfic (10). Un Paoof (4). Utd Alloy Steel. Utd Cigar (13%) United Drug (6) Utd Drug 1st 3% Utd Fruit (10).. U S Cast Iron P. USCIPPL(7).. U 8 Distributing U S Express..... U 8 Ind Alcohol. U 8 Realty (8) U S Rubber i U S Rub 1st (8). U S Smelting. 8 s s L U S Steel pf (7). Universal Pipe. . Univer P pt (7). Utah Copper (4) Utah Securitie: Vanufllum. = Vi Va Ir C&C pf (5) Va Ry & Power. Vivadou.... Wabash ‘Wabash D! Waldorf (1%).. ‘Ward Baking A. ‘Ward Baking B. Ward Baking pf ‘Webber (new).... Maryland. Wm Union (7). 122 West Air Br (6). 106 Westinghse (4). 73% Weston Elec...... 12% Weston Elec A... 21 Wheel & L Eri Wheel & L E pf. White Eagle (7) ‘White Mot (4). wilson & Co.... ‘Wilson & Co pf. ‘Willys-Overlan¢ | Wills-Over pf.. Woo.woru: 181, 11 orthington. Wnruunnon B 7% Wright Aero (1) 20% Youngstn S&T. 72% ‘lm fPartly extra. tPayable ferred stock. Dividend raies above _table ..-' toe amual ‘cak piymants based o8 m or. n‘:x‘ mrg' ol B .h-o ise noted, extra or special s are not included. 20% 20% 2% 124 (877 THURSDAY, FEBRUARY - 26, 1925 | N NEW YORK BONDS STOCK EXCHANGE] Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Sales are 1n $1,000.) Lovw. Bales. High. Lib3%s 128 101 28 Lib 1st 434s 13 10127 Lib 2d 4%s. 243 Lib 3d 4%s. 110 Lib 4 4%s.. 811 US4s1944. 37 US4%s'62. 23 FOREIGN. 102 101 100 101 101 100 104 Sales. High Argentine 5 #4% Argentine 6s A. Argentine 6s B. Argentine 7s Austria 78 Bank of Japan 6s Belgium Ex wi. ... Belgium 6%awi. Belgium 7% Belgium 8s Berne 8 Bolivia Bordeaux 68 Brazil7s Brazil 7% Brazil 8s. Canada 58193 Canada bs 1952, Canada 5% 1929 Chile 75 1943. Chile 85 1941 Czecho 8s 1952 ct Denmark 6s Denmark 8s DET5%s Mch'53. DEI6%sNov '53. Dutch East I 68 '47 Dutch East I 6s'62 El Salvador 8s 48 . Finland s f 65 1945 Framerican 7% French 7Ts w { French Govt 7%3. French Govet 8s. . Germany 7s w 1 Ger Gen Elec 7s. Greek 7s w1 Hungary 6%s Japanese 4 Japanese 6%s Tergens U M 6a '47 Marseille 6s...... Montevideo 7s. Netherlands 6s ‘54. Netherlands 6s ‘72 Norway 6s 1943 Norway s 1944 Norway 6s 1952 Norway 8s Parts-Ly's-Me Paris-Ly's-Med 78 Paris Orleans 7 Poland 6s "40.. Prague 7%s. Queensland Queensland Rio de Jan 8s 1946. Rio de Jan Se 1947. Rio Gr Do Sul 8s.. Sao Paulo State 88 Seine Dept of 7 Serbs Cr'tes Slo Sweden 5%s ot Swiss 5%5 1948 Swiss Conted 8 Toklo 66. 0d Kingm 5%3°29. 29 Ud Kingm §%8°37. 29 Ud Steam Copen 68 4 5 Uruguay 8s.... 3 108% aBenn M pvoaSanannn 5 Close. 101 24 101 24 100 29 10111 101 27 100 28 104 27 24 24 29 11 27 28 27 Low. Close. 83% 844 96% 9€% 96% 6% 102% 103 95% 95% 99% 99% 874 8T% 9a% 937 109% 107% 110 92% 84% 83 107 97 *102% 103% 108 101 108 96'% 984 99% 994 101 110% 98% 98% 9414 108% MISCELLANEOUS. 99% 100% Ajax Rubber 88 Am Agr Chem T%s Am Chaia s f 6833 Am Repub deb 6s. Am Smit & R 1st bs Am Smit &R 68 Am Sug ref 6s AmT&Tcltr Am T& T cl tr 5 Am. T. & T. SF bs.132 Am T & Tdeb 5%s 24 Am Water Wks 5s Anaconda 1st v Anaconda cv db Andes 7s 25% pd. Armour & Co 4%s. 18 Armour of Del 5% 48 Assoclated Oil 6s.. Atlantic Refin 5= Barnsdall s f 8s Bell Tel Pa 08 Beth Steel pm bs. Beth Steel rf b8 Beth Steel 5%s ‘53 Beth Steels f 6s. .. Brier H St 1st 5%3 10 7 6 3 7 1 9 38 30 Calif Pete 6% Central Leather 58 Chile Copper 68 Col Gas & El5s. .. Col Gs & Fll 5s 8 Commonwth P Con Coal Md 1st 58 Con G NY 5%s wi..195 Consumers Pow 5s 13 Cuba Cane cv 7t "3¢ i2 Cuba Cane cvd 8s. Dery (D G) 7s. o Det Elison ref | Donner Steel 7 Du Pont de N T%s. Est Cuba Sug 7%s Empire G&F 7% Feder Metls 7s " 3’. Fisk Rubber Goodrich 6%8. Goodyear 8s l’fl. . Goodyear 8s1941.. Hershey 63 1942... Humble O&R 5%s. Illinols Bell 1st 5s. Indiana Steel 5 Int Mer Marine 6s. Inter Paper 58 '47. KCP & Lit 63 A '53. Kan G & El 6s'52.. Kelly-Spring 8s... Lackawa S bs '50.. Liggett & Myrs 5i womeal Lorillard (P) 5s. Manati Sug sf 1%! Marland Oil 85 '31. Midvale Steel bs Montana Pow 6s. Mor's&Co 1st 4%8. New Eng Tel & N Y Eden 1st 6%s. 1 NYG EL H&E 4s 2 REUMRARB A~ aLS Nor States Pow bs. Nor States Pow Otis Steel Z‘/al. is Steel Bacife Gas & Ei 62 T & T 1st PaCfioT & T b3 63 2 Pan-American 8 Pan Amer Pete 78. Phila Co 5%%'38. .. Phila Co ref 68 A.. Plerce-Arrow 88 Public Service 5s.. —..-:mlewnd:nao—m-m-'mcnm =t 3% Union !gs :‘l’. nited Drui U5 Rub 18t 1 Utah Pow & Lt 5s. Va-Car Chem 7s.... CarCh 1%ssw 7 Vertientes Sug 7s. 6 Warner Sug 7a'39. 8 ‘Warner Sug 78’41, 2 West Elec 5s . 45 Westinghouse 7s... Wickwire Spen 7s. 17 Willys-Ov 6333 13 Wilson & Co Wilson&C cv 7%s. 18 Youngstn S&T 6s.. 29 994 7 RAILROAD. Atchison aq) *« Atchison Gen 4s 83 9% 924 86% 91% 83 925 89% 101% 103 102% 997 86 . Close. 86% 86% 117% 116% 9% 100% 107% 100% 88 97 B9Y 106% 56% 545 90 90% 101% % 64 66% 72 534 57% 794 53% 58 98% AtlanCL 4% B & O gold 4s. Bklyn-Manhat 6s. 28 Buff R & Pitt 4%s. Canad North 634s. Canada North s Canada Pac deb Chi & Alton 3%s. Chi & Alt 3148 ctfs Ch1 B&Q gn 4s '58. CB& Q-1 v 4 ChiM & St P 4s 25 380 CM&StPdb4s.. 16 Chi M&St P cv 4341161 Chi M & St P cv bs. 68 ChiM &St P 6 Chi &NW 78 Chi Rys Chi Un Sta 435 Chi Un Sta 63, Chi & W Inc cn 4s. C&W 151" 62 wi. CCC&StLrrenA. 4 Cleve Term 6s wi. 18 Cleve Term 5%4s. . C. & S. 1st 4s, '29. CubaRR6s...... Del & Hd 18t rf 4s. Del-Hud cv 6835, D & Rio G Wst by Det Unitpd 4% Erle 1st cons 4 Eriv gen 4s Erfe conv 4s A Erie conv 48 B Erie conv 4s D Erie Genessee R 63 Erle & Jersey 6s. . Gr Trunk st db 6s. 1034 % 100% 105'% 974 86 8915 106% 60 4 5 3 27 9li4 714 Green B& W db B Havana ERL&P 63 Hud & Man ref 5s. Int Rap Tran 5s. .. Int Rap Tr 58 stpd 125 Int Rap Tran 5 Int & G Nor 1st 6s Int & G Nor aj 6s. Iowa Cent rf 48 Towa Cent st . Kan City Ft S4s.. Kansas City S bs.. Kan Cy Term 4s Lake Shore 4s ‘31. Louls & Nash 5%s. Manhat Ry cn 4 Mil El Ry & L. M StP & SSM 6%s MK & T 4s B. MK & T adj bs. MK&TprinksA N YsCen gen N Y Cent ri b N Y Centdeb 8s... NYC&StLdbds. NY Chi & St L5%s 2 NYC&StLésA.. New Hav d 4 New Haven 7s fr. New Or Term 4s. . N Y, Ont, Ws 1st 48 N Y State Ry 4% N Y W & Bos 4% Norfolk & W cn 4s Norfolk & W cv 68 Northern Pac 3s... Northern Pac 4s.. Northern Pac 5s D Northern Pacr Ore Short L ref Ore-Wash 1st rf Pennsyl con 4%s Pennsy1 gen £%s. Pennsyl gen bs.. Penn. 5s. 64 Pennsyl 6%s. Pennsyl gold 78 Pere Mrq Lst 4s'56 Pere Mara 1st 5s. . PorRL&P6 Reading gn 4% RIATk & L4% St L IM&S 4s°29.. St L IM&S R&G 4 StLS W con 4s'32 StP & KCShL 4%s StPUnDeps Seab'd A Lire Seab'd A Liadj 58 Seab'd A L con 68 Sou Pacific 432 Sou Pacific ctl 4 Sou Pacific ref 4s Southern Ry gn 4s Southern Ry 1st 68 Southern Ry 6s ct. Tol St L& W 48 Toledo Trac 6 Union Pac 1st 4s. Union Pac 1st rf 48 Union Pac 4s '27... wneon-ln Cent4s. 8 81, 81 BUTTER HIGHER TODAY. * CHICAGO, February 26—Butter— Higher; creamery extras, 41%; stand- ards, 41%; extra firsts, 39%ad0%; firsts, 37a5314 ; seconds, 32a35. Eggs—Higher; receipts, 19,007 case firsts, 31a31%; ordinary firsts, 29a30. AFTER ELECTRIC GOODS. MOSCOW, February 26—It is offi- cially announced that Russia intends to buy electrical products abroad to t;;svnlue of 16,500,000 rubles during 1 ———— ‘WO0OLS SHADE CHEAPER. BOSTON, February 26 (Special).— Fine wools were a shade easier to- day, delaines being offered &t 67 to 68 cents in the grease, but with few takers. Trade circles are pleased at the postponement of the Australian sales, The goods market has devel- oped slowly, and it is felt that by the holding back of the fine Australian weols Americans will be in a better position to secure attractive selec- tions in case the goods market broad- ens out. FINANC LIVELY ADVANCES INWHEAT MARKET Broader Demand Today From Speculators and Fewer Offerings in Pit. By the Associated Press. CHICAGO, February 26.—With a broader demand from speculative buyers and with offerings scarce, the wheat market made a lively advance today during the early dealings. Gos- sip was ctirrent that rural domestic stocks are smaller than generally supposed. Besides, reports were at hand that Russfa had purchased 20,000 tons of wheat and flour at London in the last four days, and that Fall- sown crops in southeastern KEurope had suffered widespread damage. The opening, which ranged from % to 1% higher, May 1.90% to 191% and July 1.59% to 1.60, was followed by additional upturns that carried May to 1.92%. Increased commission house buying of corn gave strength to that cereal, and to oats as well. After Cnie unchanged to 1% higher, May 1.31% to 1.31%, the corn market materlal gains all around. Oats started unchanged to % up, May 54% to 54%. .Later a moderate general advance took place. Provisions were firmer, sympathiz- ing with higher quotations on hogs and on grains. Open scored Close 194% 1661 Low. 190% 159% Beptember RIBS COTTON QUOTATIONS DROP AFTER OPENING Prospects of Rain in Texas Partial Cause for Heavy Profit Taking. By the Associated Press. NEW YORK, February 26.—The cot- ton market opened steady today at an advance of 5 to ¥ points on over- night strength of yesterday and encouraged by reports of continued good spot de- mand in the South Liverpool did not fully meet bullish expectations based on the New York close of yesterday, and the advance into new high ground here attracted heavy realizing. Some Southern sell ing also was reported, and after the adva { October, from the best, by the end of the first king was promoted by for unsettied weather, parts of east Texas. New Orleans Quotations. NEW ORLEA February 26— tton market opened steady, not- anding Liverpool was lower than expected and notices for 20,000 bales on this morning, In addition to the 40,000 issued yesterday. March opened un- ‘hanged, but soon advanced § points to .17. Later months showed gains of to 8 points in the fir soon advanced to 3 and October to points above vesterday’s close. points May declining to 25.26 hour. Profit- the forecast with rain GRAIN AND PROVISIONS. BALTIMORE, February 26 (Special). -—Potatoes, per 100 pounds, 5 sweet potatoes, barrel, vams, barrel, per, 4.50a5.50; beets, broccoll and kale, Brussels sprouts, quar 10a20; cab- '\agn ton, 10.00a16.00; Savoy, bushel, carrots, 100, 5.00a7.00; cauli- flower, crate, 1.50a2.50; crate, 3.00a4.00; eggplants, 5 25.50; lettuce, 3 ; onions, 100 pounds 100, 5.00a10.00; parsnips, basket, 25a40 peas, hamper, 4.00a5.00; peppers, crate, 3.00a5.50; spinach, Rushel, squash, crate, 3.00a4.00; bushel, Apples, bushel, 1.00a2. a2.75; oranges, berries, quart, Selling Prices at Noon. Wheat—No. 2 red Winter, spot, ex- port, no guotations: No. 2 red Winter, spot, dofhestic, 1.9¢, nominal; No. 2 red Winter, garlicky, domestic, 1.96, nominal; No. 3 red Winter, no quota- tions. Sales—None. 'orn—Cob, new, per barrel; track corn, 2, 1.35, packed, 5; grapefruit, box, box, 4.2525.25; straw- 25235, . vellow, spot, 6.50a (3 yellow, No. . 3, 61%; No. 3, 60%. Rye—Nearby, 1.30a1.50; No. 2 rye, spot, 1.66%. Hay — Receipts, 107 tons. Under more liberal receipts of hay by truck the market rules easy with little life to the buying. A moderate de- mand prevails for the better ggades of timothy and light clover mixed, but common low-grade hay is hard to move at any - price. Quotations today-—No. 1 timothy, 20.50a21.50; No. 2 timothy, 17.00a19.00 No. 1 light clover, mixed, 19.50a20.00; No. 2 clover mixed, 17.00a18.00. Straw—No. 1 wheat, 16.00a17.00 per ton; No. 1 oat, 16.00a17.00; No. 1 straight rye, 18.00a19.00. DAIRY PRODUCTS. BALTIMORE, February 26 (Special). —Live poultry — Young _chickens, pound, 24a32; leghorns, 24a28; Winter chickens, 35a36; old hens, 24a30; leg- horns, 24a25; old roosters, 17al8; capons, 32a38; young- turkeys, 40a45; old, 35; poor and crooked breasts, 25; ducks, 24a32; geese, 23a26; pigeons, palr, 35a40; guinea fowl, each 40a85. Dressed poultry—Turkeys, pound, 35a45; poor and crooked breasts, 25 chickens, 28a32; old roosters, 17al8; ducks. 25a30; geese, 20a25; capons, 32a43. Eggs—Receipts, 1,263 cases; native and nearby firsts, dozen, 30a30%. Bucter—Good to fancy, pound, 3%a 423 prints, 4216a44%; ladles, 27a29; store packed, 20; process butter, 33; dairy prints, 20a25; rolls, 20a25. CLOTH MARKET FIRM. NEW YORK, February 26 (Special). —Cotton goods markets were quiet again today, with price quotations unchanged. ~ Print cloths were quoted at 9% cents for 64 by 60 and 11% eents for 68 by 72. Raw silks were barely steady, With not much business reported. RAW SUGAR ADVANCES. NEW YORK, February 26.—The price of raw sugar was advanced 1-16 cent today to the basis of 4.71 for Cuban, duty paid. Sales included 20,000 bags of Cuban to a local re- finer and 25,000 bags to operators for March shipment. " | gain buying orders attracted by the | .50 for | in | March contracts were issued here | tomatoes, | IAL. POTOMAG ELEGTRIC NET GAINS §114.085 Delayed Meter Reading and New Accounting System Aid January Totals. BY CHAS. P. SHAEFFER The Potomac Electric Power ¢ had a net income of $259,881 January last, the first month of opa ations under the reduced rate, whic represented a gain of $114,085.69, compared with the correspond month of last v The month's report was render unusually favorable due to two tors, namely, January's snows and’a new system of accounting charging off depreciation. The fr mer delayed meter reading, which re sulted in an extra day and a half cluded in the month's usage, numbers estimated to be 000 while depreciation rated on an annual estimate of a month-to-month charge the volume of business done swelled the January report t extent of about ding 1 officials of the com Ay January’s lated on a 7 rate as about consumption cents, shown o, was 7.67, the diffe figure and the 10-cent being impounded for re: consumers if ordered by t Gross earnings from Ing the month amoun of approximately the corresponding month of I while expenses. totaling $2 $27,315 less than in 1 amounted to $1 The snowstorm o ed diversely with | Railway and E: sidiarfes, the parent line & of was cal while the old Operating reven unchanged at § 1 d $20,000 ncome net incom 080 in Jant Georgetowr fered a levtown $387.62 a decrease ay operating revenu timore and Ohio Railro n was made rossibl | through a of almost $1.000 in expenses, c to $18.07 $14 | totaled $1.136.8 Mrs. Reed Dinner Speaker. Mrs D. the v Helena of honor dinner o [ the Baltimo night. Mrs the “val th Women in Banks.’ Stock for Employes., ¢ Presider City Bank companies the shareholder e terms re ational i privi in on favo ulted i of 9 | this n scribed and 2,513 under the f. Local Stocks at New Peaks. Common stoc Rallway and Elect ton Monotype highs on the change this mor sold upward to 102, | opened at 50, selling | throughout the ses prime local favorites Merchants' Bark and Trust fered a relapse, sedling off later to 134% on Capital Traction wa as was Railway preferred tional Mortgage and Inv ferred brought 9%, and C 8 per cent preferred 96. Bc { CHICAGO I.IVE STOCK MARKET (‘HI(‘AO 26 (United , light and slaughter pi 5 higher: big packers bulk, desirable pound butcher. 200 pound packing : strong-welght slaughter pigs, 10.00a10.50; heavy- weights, 11.90a12, medium weigh 11.50a12! lightweight, 1 light light, 10.00a11.65; smooth, 11.00a11.3 rough, 10.75a11.00; 9.25a10.50. Cattle—Receipts, 11,000 steers, 10 to 15 higher; vance; all grades shipper, fairly steers, early, 11.3 numerouns weights, 11. Telatively few youngsters value to sell above 10.50; steers and yearlings, S ers taking practically showing decent kill; fairly mand for well-bred lightweight fec er steers; relatively few offere stocker and feeder trade firm: 2 higher for week; she stock geners ighty bologna & 4.85 strong; vealers, uneven: c heavyweights, unevenly higher shippers; mostly, 13.50a14.00; de able, light calves to packers, 1l. 12.50; about steady. Sheep—Receipts, sirable, fat lambs, fully steady others, slow; steady to weak; early bulk, 17.50a17.75; top, 18.00; no cli pers sold; fat sheep and feedins lambs, firm; good to choice 124-pov killing ewes, b sirable feeding lambs, slaughter head active at ad- showing upt here bulk 16,000 head; de EARNS $8.70 PER SHARE. NEW YORK, February 26.—T1 Tobacco Products Corporation had | 1924, its first full year as a hold company, a successful period, e ings being equal to $8.70 a share o the common stock after deducti dividends on the class A com compared with $1.35 a share in 1 Its chief source of income is its hold ings of United Cigar Stores common, about 1,200,000 shares, or about 90 per ctent of the issue. RAIL TRAFFIC GAIN SEEN. NEW YORK, February 26.—A view of trade conditions in the ern territory by 50 commodity com- mittees of the Atlantic States Ship- pers’ Advisory Board indicates (hat freight traffic in this territory will be approximately 5 per cent greater for the first thee months of 1925 than for the corresjonding period list year PARIS TO, FLOAT LOAN. PARIS, February 25.—The City of Paris has been authofized to float a loan of 500,000 francs for the com- - pletion of the subway system.