Evening Star Newspaper, February 27, 1925, Page 28

28 * fIN ANCIAL, THE EVENING STAR, WASHINGTON, D. MONEY RATES LEAD MARKET INTERET Price Changes in Wall Street Very Erratic—Motor Shares Do Better. Epecial Dispatch NEW YORK, chief point of 27.—The stock was to February the today respond interest the in market fron how Wall Street would the announcement made close Thursday of the increase New York Fede Reserve Bank re- count rate to per cent. After selling off in the early trad Ing the entire list met rather ef. support and turned strong Ops the rise went yns, the sugal and moto! outset ain ions in numerous dir » or two of the of the rails and a large num- of specialties taking the lead The volume of business was still on a reduced scale and trading was not especially active Stocks Very Erratic. Fluctuations among the priced industrials were Baldwin Locomotive, osed the previous d: below 142 after quickly 1 to 144 gain. American C: €ame thin and fssues. United Stat ex the quarterly di 1% per cent, higher- y erratic soon the opening, then fell back 1 did_about the did similar Steel common, I 13 sold most of the around the equivalent of Thurs- 1 Jordan Motor made above and the low- ner Motor was unusual advancing pri Denial gossip that Packard Motor was cerned in a combination deal brought & good deal of profit-taking into the stock, but not enough to have a de- g eftect. The advance in appeared to have been checkel interesting point about the movement in the motor group was that it did not involve the regulation Jeaders, e Studebaker and General Motors. Atchison at Top Price, Atchison ran up to 125, that is sub- stantially its top price, following the publication of the January earnings statement, which showed a gross in- crease of $1,200,000, and a net incre: of $1,500,000 ocer the month a year ago. This was a remarkably good statement in comparison with most of the others. St. Louis, San Francisco also made a favorable showing in last nth's earnings and this was reflected in fresh buying orders com- ing into the market for the stock. Western Pacific issues were strong again, the buying this time favoring the common stock which ran up above 38. St. Paul preferred appeared to be meeting a large supply of stock around 2 Public Utilities Strong. Public with Co above utility a C issues were strong, at a new high and with Brooklyn Union Gas running up very sharply. There was more of a demand for Standard Gas which in its last statement showed the $3 dividend earned more than twice over. Consolidated Gas of New York, was also bought, but it appeared to be moving more in sympathy with Brooklyn Union than of its own ac- cord. The foreign exchanges had had time to discount the news In their final trading of Thursday afternoon Sterling had gone down to a new low for the year, under 34 This was accompanied by discussion of a possi- ble increase next week in the English bank rate. Sterling Exchange Rallles. Nevertheless, sterling today rallied nearly 2 cen The French franc touched a new low for the season, under 5 which meant the lowest since the last Summer, but it, too, recovered later in the day. & Italian lire. There were eviden: powerful support in the lire epproached the 4 cent level. What Wall Street saw in the Féd- eral Reserve action w. adjustment to the higher tendency which has been observable In out- side money rates. In addition to this there was the fact that rediscounts at the New York bank had almost quadrupled since the first of the year. Partly this was borrowing from other citfes, but more largely it was the effect of the Stock Exchange spec- ulation MARKET CLOSES HEAVY. By the Associated Press NEW YORK, February 27.—Higher call money rates, following an in- crease in the New York Federal Re- serve rediscount rate, brought about Jieavy selling of stocks for both ac- counts in today's market, A te porary rally around midday had c: ried a mumber of issues up 1 to & points to new high but the gains were materially reduced or | d during the afternoon. Tota approximated 1,500,000 share closing was h he Max- Motor issu rew peak in the 1 but the list continued downward on | inspired by the increase in the call money rate to 5 per cent levels, cance sales he well fces NEW YORK-—Stocks heavy; tndustrials vield on higher Bonds lower; prices react on in bank rate. Foreign ex- : sterling rallies after br. Cotton generally lower; ra in drought Sugar easier; Cuban selling. Coffee higher; foreign buying CHICAGO —Wheat h able crop reports. Corn poor demand. Hogs firm pivotal oney rates advance sections unfavor- Iy stead attle steady. zher; ash STANDARD TANK CAR PLANS TO REORGANIZE | ted Press. NE ORK, February 27.—Stock- holders of the Standard Tank Car Ce which his been in the hands of ereditors, will vote March 9 on a plan of reorganization approved by the directors by which the common stock is to be acquired by Grayson M. P. Murphy including Walter O. Cry man_of the Maxwell Motor Corporation; Willlam F. Cutler, president of the Southern Wheel Samuel F. Pryor, chalr- man of the Remington Arms and Ernest Stauffen. jr., vice president of the New York Trust Co. A new issue of preferred stock also Is con- templated LUMBER ORDERS GROW. Shipments Fall Off During Week, Production Gains. Epecial Dispatch to The Star NEW ORLEANS, February 27.— Southern Pine Association barometer for last week shows orders received Increased 1.5 per cent over previous weel; shipments decreased 2.2 per rent, and production Increased 0.5 per cent. Reports from 123 mills Adams Exp (6). Ad Rumly pf (3) Afr Reduct (15). Ajax Rubber. .. Ajax right Alaska Juneau Allied Chem (4). Allied Cm pf (7) ALis Chalm (4). Am Agricul Chm Am Ag Chm pf.. Am Bk N pf (3). Am Beet Sug (4) Am Bosch Am Brk Shoe (5) Am Can (18). ... AmCar& F (12) Am Chain A (2). Am Chicle. 5 Am Chicle ct; Am Drug (6 Am Express (3). Am & For Pow. . Am & Fr P pi(7) Am Hide & Lea Am Hide & L pf. Am Ice (7). Am Ice pt (6) Am Internatl. .. Am La France (X Am LaFra pf (1) Am Linseed. ... Am Locomo . Am Radiacor (4) Am Safty Rz (3) Am Ship & Com. Am Sm & Ret (6) AmS & R pt (7). Am Stl Fdys (3) Am Sugar...... Am Sugar pt (1) Am Sumatra . AmT & Tel (9). Am Tobacco (7). Am Tobac B (T) Am Tobac pt (6) Am WW&EI 30 Am W W pt (6). Am Woolen Am Wool ptad (7) Am Zinc pt Anaconda (76c). Archer-Daniels Armour Del (7). Arn Cons & Co. . Asso Dry G (5). Asso Ol (1%) AtT &S Fe (1 At Birm & At Atl Coast L (19). AtGuif& WI... At Gulf & W I pt Atlantic Refiinin Austin-Nichola. Austin Nic pf (7) Baldwin L (7). . Bald Loco pf (7) Bal & Ohto (6).. Bal & Oh pt (4). Hang & Ar (3).. Barnet Leather. Barnsdall A. ... Barnsdall B Bayuk Cigar. Beech-Nut (3).. Bethlehem Steel Booth Fisheries Briggs Mg (i British Empire. Bkl Edison (8).. Brk-Man Tran. . 8rklyn Un G (4) Brown Shoe (4). Brunswick-Blke *Buf R &P (4). Burns Bro (10). Bur Add Ma (3). Bush Term (5).. Bush Term pf ( Butte Cop (50¢). Butterick Co. Caddo Central.. Cal Packing (6). Cal Pete (1%).. Calif Pet pf (7). Callahan Zinc Calumet & H (1) Can Pacific (10). Cent Leather. .. Cent Leather pf. Century Rib (2) Cero @ Pasco (4) Certain-Teed. .. Certafn-T 1st (7). Chand Mot (3).. Ches & Ohto 44). Ches & O pf (6% Chicago & Alton Chic & Alton pf. Chic & East Il... Chi & E Il pf. Chic Gr West.... Chic Gr West pf. Chi Mil1 & St P... Chi Mil & S P pt. Chi & Nwn (4) Chi & Nw pt (7). ChiR1& Pac... CRI&PpI (6). CRI&PDI (7). ChStPM&ODI(5) Chi Yellow C (4) Chile Cop (2%)- Chino Copper. .« Cluett Peab (5). Coca-Cola (7)... Colo Fuel & Iron Colo Southern. . Col G & E (2.60). Col G & E pt (7). Col Carbon (4).. Com Inv (2.60).. Com Solv A (4). Congol-Natra (3 Consol Cigar. ... Con Cigar pt (7) Con Distributrs. Consol Gas (5).. Consol Textile Cont @n (4).... Cont Mot (80¢).. Corn Prod (2) Cosden Co...... Crucible Stl (4). Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuban Dom pf.. Cushmans (3). .. Cuyamel Fr (4). Davison Chem. . | Deere pf (3) Del & Hud (9) Del L& W (6) D &RG Wstpt. Detroit Ed (8).. Dome Mines (2). Doug Pectin (1). Dupont (10).... DuPont deb (6). Duquesne pt (7) Eastman (15%). Eaton Axle..... Elec St Bat (15). Emmer.on 3 pf. Erfe...... . Erie 18t pf . Exchangs Bf (2) Fairbks (2.60).. Famous Pl (8).. Famous pf (8). Fed Lt & T (°7). Fed Mines pf (7) Fifth Ave (64c) Fisher Body (5). Fish Bd O pf (8) ¥isk Rubber. ... Fish Rubber pf. Fieischman (14) Foundation (6). Foundation rts.. Freeport-Texas. Gardner Motor.. Gen Am Tnk (3) Gen Asphalt.... Gen Asph Dt (5) Gen Cigar (8)... Gen Electric (8) Gen E18pl (60 Gen Motors (6). Gen Mot pf (7). Gen Petrol (2).. Gen Retrac (2).. Gimbel Bros. ... Ginter Co (1%). Glidden Co Goodrich. Goodyear f.... Gdyear prior (8) Granby Consol. . Grt North pf (5) Grt Nor Ore (4). Grt Wstn Su (8) Greene Canan... Guantanamo. Guif Mo & Nor... Gulf St Steel (5) Ehow 172,052.779 feet ordered, 67,955,- 379 feet shipped and 71,858,282 feet produced. Hartman ($2.50) Hayes Wheel (3) Open. 100 50 1084 12% % 1t 8815 119% 768 19% 1% 55% 41 39% 104 174 High. 100 50% 110 12% 1% 8934 119% 6% 19% 209% 2 84 9843 108 135 58% 13% 62% 106 124% 81% 78 108% 1% 9% 12% 52 57% 96 99 234 11% 74% 108 b4 53% 51 25 15% 45 97% 108 18% 885 874 8% 18 5% 26% 0% 31% 87 Low. Close. 100 100 504 1084 12% % 1'% 88% 74% 19% 189% 46% 115 15% 15 1484 96% 105% 12 12% 64% 12 82% 43% 18 34 101 106% 134 58% 13% 62 106 12% 81% 7% 106 13% 9% 14% 62 56 95 100 241% 11% 74 108 54 63 49% 25% 16% 4% 974 106% 185% 68% 37 9% 16% 5% 27% 90 81% 36% Househ P (13%) Houston Ofl. Hudson Man. ... Hudson Mot (3). Hupp Mot (1)... Illinots Cant (1) Independ O1l (1) Indian Motoreye Indian Refining. Inspiration Cop. Interb Rap Tr.. Int Cement (4). Int Com Eng (2) Int Mer Marine. Int Mer Mar pf.. Internat Nickel. [nternat-Paper. Int Pap pf st (6) Inter Paper pf. . Int Ry Cent Am. Int Ry CA pf (5) Int Tel & Tel (6) Int Tel & Tel rts Jewel Tea Jones Bros Te: Jordon Mot (3). Kan City South. Kan C So pt (4). Kayser {Julius) Kelly-Sprgfield. Kelly Spring pf. Kelsey Whl (6). Kennecott (3).. Keystone T & R. Kresge Dep Str. Laclede Gas (8). Lehigh Val (3%) Lig & My B (t4) . Lig & Myrs rgts. Lima Loca (4).. Loews ITo (2). Loft..... Long Bell A (1). Loose-Wiles Bis Loose W 2d (7). Lorrillard (3)... Lorillard pt (7). Louisiana Oll. .. Louis & Nash (6 Ludlum (2)..... Mackay pf (4). . Mack Trucks (6) Mack Trk 2d (T) Macy H R & Co. Magma Copper.. Mallinson & Co. Man ElSup (4). Man Shirt (13%). Maracaibo Otl. Market St prior. Marland Ofl. ... Martin-Parry 4. Martin-Par rts. Mathieson Alka. Maxwell Mot A. Maxwell Mot B May Dept 8t (5). Mexican Seabd. Miami Cop (2) Middle States. Midind Pr pt (8) Mis Kan & Tex. MK & T pt (5).. Missourl Pacific Missourl Pac pf. slont Power (4). Montgom Ward. Moon Mot (3). Mother Lode 750 Munsingwr (3). Murray Body... Nash Mot (t11). Nat Acme (sta). at Biscult (14) Nat Biscu pf (7) Nat Dairy (3).. Nat Dept Stores Nat Distillers pt Nat Enamel &S Nat Lead (8).... Nat Lead pf (7). Nevada Copper. NOT&M t23%. . Nwpt U Gas (3). NY Air Br (4).. NYAIrBrA (4) N Y Canners (2) N ¥ Central (7). NYCStL (6)... NYC&StL pf (6 NY NH & Hart.. YO & Wst (1) Y Shipbld (2). Norf & W (18).. North Am (3.40) North Am pt (3) North Pac (5)... Orpheum (1.80). Otls Elev (15%) Otis Steel Owens Bo! Pac Coast 2d pf. Pacific Gas (8) Pacific Mall Pacific O11 (2). Pac Tel & Tel. Packard (11.50). Pan-Amer (6) . Pan-Amer B (6). Park & Tilford.. Penna C & Coke. Pennsy R R (3) Penn Seab Stee) Peoples Gas (8). Pere Marq (4).. Phila Co (4).... Phila & RC&1. Fhillips Pet (2). Phoenix pf (7) Plerce-Arrow. . Plerce-Arrow pt Plerce Oll. . Pierce Oil Df. Plerce Petrol Pitts Coal...... Pitts Term Coal. Pitts & West Va Postum-Cer (4) Pr St Car pf (7). Prod & Refiners Pub Ser NJ (5). Pub Serv rts (n) Pub S NJ pf (8). Pullman Co (8). Punta AJ 8u (6). Pure Ol 1%). Pure O11 pf (8).. Radlo Corp of A Radio-C pf (3%) Ry Stl Spg (8).. Ry St Sp pf (7) Kay Cons Cop. Reading (4). Reading rts Reading 1 v Read 2d pf (2).. Remington Type Replogle Steel. . Rep Ir & Steel. . Reynolds Sp (1) Rey Tob B (3). Rey Tob pf (7) | Rossla Ins (6) ... Roy Dutn 4.42% St Josepn 1d (2) St L & San F (5) StLSanF pf (6).. St L Southwest. StLSwn pf (5). Savage Arms. Schulte (8) Seaboard Alr L. Seabd Air L pf. Sears-Roebk Shell Union (1). Shell Un pf (8) Simmon Co (2) Simmons pf (7). Simums Fet (50¢) | Sinelair o1 Skelly Oll.. Sloss-Sheft (6) South Port S (6) South Pac (6).. Southern Ry (5) South Ry pf (6). Spicer Mfg. Std Gas & E Stand Mill (3).. St Oil Calit (2) StOuNJ (1) St 01l NJ pt (7). Std Plate Glass. Sterling Prd 5% Stew Warner (5 Stromberg (6).. Studebaker (4). Submarine Boat Superior Ofl. Symington. Symington (A).. Texas Co (3)... + Tex G Sul (17%) Tex & Pacific. ... Tex & PacC & 0 Third Avenue. .. Tide Wat Oil (4) I Open. Hayes W pf (7% 103% 85% 80 23% 40% 16 304 Int Bus Mac (8). 120 56% 40% Internat Har (5) 105 12 464 274 56% 76 110 19 High. 103% 86% 80 24 414 164 116% 284 16 814 2774 30% 120 56% 22 22 28% 90% T1% 108% 9% 90% 17% 43% 691 63% 44% um 13 63% Tl 68% 44% 9% 5% 14% 22 47% 103% 55% 19% 11% 162 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Close. 103% 108% 85% 35W 79% 79% 23% 24 40% 40% 16 16 115'% 116 26 28 1uz 44% 80% 105% 631 51% 132 118 16% 45 20% 105% 64% 51% 182y 118 15% 7% TT%h 22 22 36% 36% 40 40 56% 59% 1% 17% 53% b4 15% 15% 76 76% 121% 121% 96% 96% b4% Ga% 42%° 43 0% 70% 83 .83 50% b1 1% 173 104% 105 111% 112 24 244 4% 41% 169% 160% 25% 26 101% 101% 8414 347 102 21% 21% 27% 894 0% 103% 904 20 17% 43% 69 62% 43% 117% 13 63% 70 68% 48% % 54 144 21% 47 101% 54% le% 21% 4% 103% 55% 19 19% 11% 115 149% 149% | North German 1 PRIGES GO LOWER ON BOND MARKET Quotations Work Down on Rediscount News—0il Liens Again Heavy. BY GEORGE T. HUC Special Dispatch to The Star. W YORK, effect of the raising of the rate of the New York serve Bank, announced of business Thursday, w February 1ES. redis Federal ter the close s seen in to- “The count Re- day’'s bond market in lower prices for United for the In lost ground. The 41, Liberties we strongest and the tates some shading of all the Treasur: vernment issue active second and fourth atively 4ls quotations and in issues the and new Treasury 4s the weakest. Among the rails Atchison general 4s dropped New York below 89 and then rallied. Central s0ld below Oregon-Washington 4s Pacific was no ings and the general opinion of dealers cline would not go far. 101, and while Union first 4s declined a half point. | Notwithstanding these declines, there noticeable increase in offer- accepted Belgian 6s Active. In the the the closing of price dropped then rallied so firm when left was striking testimony that the bonds have As a matter of fact, foreign list the almost a That the entirely to been well placed sentiment point to the was that the de- the feature was activity in Belgian 6s, following syndicate. The and market held itself fact is much more favorable toward Belglan than toward French present conditions. forcign group Greek 7s were heavy Interest in largely confined to the St The 4s of 1925 point, then lost ing was very active. other St. Paul iss set by the bond: issues Elsewhere in the Czechoslovakla Other Rail Liens Weak. Chicago and Eastern were oft fractionally so under and speculative rails was Paul bonds. opened down a, half a point more. In general the es followed the lead about to mature. Trad- linois and were Baltimore & Ohlo convertible 4%s. In- Central America lost a point or more. Among ternational Railways the tractions, ments were weak. of Third Avenue Selling at 40 they were down 6 points in a week. gar bonds were firm, particularly Cuban Dominican 7lgs Today’s New Issues. Of the day 200,000 Kaufmann Departm Securities Corporation 10 cent yield 6 sucel 50 per. ful. E cent ch of vear, adjust- new offerings the $3,- nt Stores these 6 per ured gold notes at prices to were especially $1,000 notes carries a warrant for the pur- chase of three shares of the capital stock. STOCKS EX-DIVIDEND. Date. Feb. Corporation Powder Co Pacific Ry. Co. Bt rie & Pitts RR Co. x—General _Petroleum Per share. “Co ding_Corp. ackard Motor Car Co pf 5——Stand GERMAN STOCKS AND BONDS. (Quoted in dollars per million marks.) Rid Ger Gt (war loan) rx 438 1919 a3 (forced loan) . Ger Gt 8155 1923 (sm pleces) 55 1914-18 1 80 Asked. (Quoted in dollars per thousand marks.) Rerlin 4s pre-war........ Hambg 3s, 3155 & 48 pre war Hamburg Amer Line 434s. vd 4158 North German T 3 Prussian Consols 3148 Krupp s 1921 Dusseldorf 45 pre-war. ... Frankfort a-M 4s pre-war Munich 4s pre-war. Anilin . er Ge Elec). . .l rz and Privat Bank.. Deutsche Bank Darmstaedter Bank...... Mercur Bank Vienna..... 2383803, 23533 MANY PROXIES OBTAINED. NEW YORK, February 27.—The in- dependent stockholders committee of the National ing C Enameling and Stamp- ., which is conducting a cam- paign to wrest control from the pres- ent management, obtained proxies for one-third of the stock in days, announces it has approximately the last 10 and at this rate expects to be in a position to speak for the major- ity at the meeting on March 10, T — 41% 804 98% 4% 41% 44% 41y 150 T5% 128% 28% 79% 215 224% 112% 344 85 105% 126 42 5% 84% 123% 123% 438% 86 62% 28 12 82 11% 26 64 16% 45 98 6% 115% 15% 28% 94% 121% 105% 721 12% 21 14% 29 65 “% 22% 11% 81% 1164% 73% 864 7% 20 49% Timken (13%).. 41% Tobac Prod (6). 78 Tobac Prod A (7 98% Transcont Ofl.. % Underwood (3). 39% Un Bag & Paper 43 Union Ofl (1.50). 40% Un Pacific (10).. 149 Un Pacof (4)... T5% Un Tank Car (5) 124 Utd Alloy Steel. 28% Utd Cigar (13%) 78% Utd Fruit (10).. 215 U'S Cast Iron P. 223 USCIPpE (7). 112% U 8 Distributing 33% U S1Ind Alcohol. 8% U SInd Al pf (7) 105% U 8 Realty (3).. 126 USRubber..... 4l% U S Rub 1st (8). 95 US Smelting... 34 U S Steel (17)... 122% U S Steel p? (7). 128% Universal Pips.. 43 Univer P pf (7). 86 Utah Securities. 51% Vanadium...... 28 Va-Caro Chpf.. 12 Va Ry & Power.. 80% Vivadou.. e 10% Wabash. . 24% WabashDfA... 64 Waldorf (1%).. 165 Ward Baking B. 44% Ward Baking pf 97% w Pen pf (7). 96% West Elc pf (7). 115% West Maryland. 156% Western Pacific. 37 ‘West PacDf (6). 93 W Union (7). 121% West Alr Br (6). 105% inghse (4). 724 12% 21 143% 29 65 Vo 22% White Eagle (2) White Mot (4).. Wickwire Spenc wilson & Co pf. -Overlan¢ 11% Over pf.. 179% Wooiworth /31, 116% Worthington... 71% Worthington A 86% Worthington B Wright Aero (1) 20 Wrigley (*3%). Xeliow Cab. 35% Youngst'n § 3% {Partly extra. iPayable in Dividend rates as given in tI latest quarterly or hal Unless otherwise noted, dividends are ot included. 414 78 98% 45 89% 43 40% 148% 4% 124 28 76% 215 219% 113% 38% 83 105% 126 41% 94% 34 122% 128% 42 85 50% 27% 12 80% 10% 24% 63 16% 43% 97% 96l 115% 15% 87 93 121 105% 72% 12% 21 144% 28% 64% % 22% 1% 79% 115% 694 864 5 19 49% 35% 2% 79 4% 74% 128% 28 78 215 220% 2% 84 B3% 105% 126 41% 4% 34% 122% 123% 42% 85% 52% 27% 12 82, 11% 24% 63% 16% 44% 98 96% 115% 15% 88% 93% 121% 105% 724 12% 1 14% 28% 64% % 22% 1% 814 115% 71 86% 75 19% 49% 35% 8% referred stock. are the annual cash payments M.l-‘ 'ln: -yearly declarations. extra or n-hll C.,, FRIDAY, FEBRUARY 27, 1925. | ONN YORK BONDS STOCK EXCHANGE] EW Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (8ales are in $1.000.) Sales. High. 101 23 101 101 25 101 100 29 101 10 101 27 Lib3is 130 Libist4%s 49 Lib 2d 4%s. 275 Lib3d 4%s. 93 Lib44%s.. 249 US4s1944. 129 100 28 US4%s'63. 5 10421 FOREIGN. Sales. High. Argentine 6s A. 43 96% Argentine 6s B. 96% Argentine 7s 102% Austria 7, 95% Bank of Japan 6 99% Belgium fs wi 87 Belgium 63 93% Belgium 7 109% Belgium 8s 107% Berne 8s. . 109% Bollvia 88 93% Bordeaux 6s. 84% Brazi] 7 Brazfl 714 Brazil 8» 101 101 .. 219 1. 14 cees 14 15 9 7 20 1 14 61 2 19 Canada 55 1931, Canada 5s 1952. Canada 5%s 1929.. 62 Chile 7s 1842 2 Chile 85 1941 1 Chile 83 1946 16 Chinese Gov Ry 68 b Christlanta $s 6 Cuoa5%s 47 Czecho 85 1951.... 1 Czecho 851952 ct.. 7 . 20 3 & DEI5%s Nov's3. 14 Dutch East I 6s°47 17 Dutch East I 6s'42 27 El Salvador 8s 48. . Finland s f 65 1945 PFramerican 7% French Tswi ... French Govt 7%s. French Govet 8s.. Germany Ts wi... Ger Gen Elec 7s.. Greek Ts wi...... Holland-Amer §s. Hungary 6%s... Japanese 4 Japanese 64s. ... Jergens U M 6s '47 Lyons 6; Marseille 6; Mexico bs Montevideo 7s. ... Netherlands 6s 54. Netherlands 6s '72. Norway 6s 194 Norway 6s 1944. .. Norway 6s 1952. .. Norway 8s Orient Dev deb 6s Paris Orleans Prague 7%s. Queensland Ts Rio de Jan 85 1946. Rio de Jan Ss 1947. Rio Gr Do Sul 8s Sao Paulo State 8s Seine Dept of 78 Serbs Cr'tes Slo 8s Sweden 5%s vi. Swiss 5%s3 194 Swiss Conted Tokio 6. ... . Ud Kingm 5%3°'29. 13 Ud Kingm §%8'57. 68 Ud Steam Copen 68 2 Uruguay 8 b Zurich 8s 2 7 - X 3 100 27 100 21 104 21 Low. Close. 17 10122 20 101 20 100 27 1019 101 25 100 26 104 21 6 24 Clove. 96 96% 102% 96% 99% 86% 93% 109% 107% 109% 934 8414 83 107 97 100% 102% 108% 102% 101 107% 107% 44 110% 984 99% 994 100 110% 98% 98% 10184 101% 104 85 035 90% 99 102% 96% 101% 894 85% 99% 101% 1143% 674 115% 106 Y4le 108 110 MISCELLANEOUS. Ajax Rubber 3s 1 Am Agr Chem 73%a 38 Am Chalasf6s’33 10 Am Smit & R 1st 6s 11 Am Smlt & R 2 Am Sug ref 6s AmT&Tecltr Am T& Tcl trbs. . Am. T. & T. SF 5s.113 Am T & T deb S%s 61 AmT& Tcv 6s.. Am Water Wks by Anaconda lst 68 Anaconda cv db Andes 75 26% pd Armour & Co 4% Armour of Del 5% 15 Associated Ofl 6s Atlantic Refin 5 Bell Tel Pa 58 Beth Steel rf 5s... Beth Steel 538 '63 Beth Steel s Brier H St 1st 5% Bklyn Ed gen 5 Calif Pete 6% Central Leather 58 Chile Copper 6s. Col Gas & El bs. Commonwth P 6s. Con Coal Md 1st b8 Con G NY 5%s wi..190 Consumers Pow 58 41 Cuba Canecv7t'st 3 Cuba Canecvd 8s. Denver Gas 5t Dery (D G) Ts.. Det Edison 5s '40. Donner Steel 78 Du Pont de N 7348 Dugquesne Light 6 Est Cuba Sug 7% Empire G&F 7%s. Feder Metls 7839, Fisk Rubber 8 Goodrich 6%8. Goodyear 8s 1931. Goodyear 85 1941. Humble O&R 5%s. Illinols Bell 1st bs. Illinols Steel 4%s. Int Mer Marine Inter Paper 5847 KCP & Lit 68 A '53, Kan G & El 6852 Kelly-Spring 8s Lackawa S bs '50. Liggett & Myrs b Liggett & Myrs Manatl Sug sf 7%s Midvale Steel Montana Pow Mor's&Co 1st 4% N Y Eden 1st 6%38. NYG EL H&P 4 NYG EL H&P 99% 100% 29 96% 106% s Steel 88 2 gvi'cmc Gl-)&tfl 58 :‘. c T & T 1st bs. s:.clflc T&TH6s'63 9 Pan-American 6s. 197 Pan Amer Pete 9 Phila Co % :s ila Co re S:u & Rdg C&1 b1 Public Service & public Service 6 8. nta Alegre 7 :n“kl &CostTs Sinclair Oll 6s. Sinclair Oil 8%s.. Sinclair O1178. ... SinCOD16s'28wl Sin Pipe Line 68 Skelly Oil 6% South Bell Tel 5s. So Por Rico Sug 78 Southwest Bell 6s. Tenn Elec Pow 6a. Tide Wat Oil 6%s Toledo Edn 1st 7s Union Bag & P 68, United Drug 6 U S Rub 1st rf 58.. U S Rubber 7%s. U 8 Smelter U SSteels 68 Utah Pow & Lt 68 Va-Car Chem 7 Va-Car Ch 7%s Vertientes Sug 7s. Warner Sug 78°39. Warner Sug 78 '41. West Elec 5s. Westinghouse ‘Wickwire Spen Willys-Ov 6%s'83. Wilson & Co 1st 6s Wilson & Co cv 6s. Wilson&C cv 7%s. Winchester A T%s Youngsin S&T 6s. 95%; 100 99 96% 106% 102% 96% 100 95% 101% 126% 95% 100% 102% 99 884% 931y 1027 9934 100% 964 8815 954 9914 99% 103 100 108% 100% 100% 87 % 101% 93% 97% 101% 94 79 99% 91 107% 1054 106% 1024 1054 110% 1034 % 109 120 101 9% 944 89% 89% 969% % 1004 9815 93 99% 118% 6 101% 90% 994 84 114% 8674 101% 96% 107 108% 100% 102% 96% 94 99 954 99% 94 12 105% 95% 1045 101 1043 974 106% 9616 112% 83% 93 100 85 11 20% 1024 974 1014 103% 109% 9514 102% 85% 106%, 101% 1054 94 86 493 94 84 961 983% 1075 87 99%* 944 67 674 101% RAILROAD. Sales. High. 3 65% 83 Low. Close. 65% 65% 83 83 8B% $8% 92 92 861 8614 91k 91% 107 107 8715 8T% 92% 92% 89 89 101% 101% 103 108% 102% 102% 99% 99% 6% 69% 85% 85% 8 87 854 864 117% 118 79% 79% 1004 100% 106% 1067 100 100% 103% 103% 8T% 88 S6% 96% 89 39% 104% 104% 56% 66% 88% 88% 101% 101% % TT% 631, 63% 55% 66% 67% 674% 524 B2% 57% 574 52% b52% 574 BT% 98% 984 T4 4% 87 85 1014 1014 1124 112% 8 8b% 86% B0 T TT% 101 101 98 98% 96% 96% 108% 103% 100 100 105% 105% 92% 92% 86 87 Ann Arbor4s. .. Atchison aa, *«. Atchison Gen 4a Atlantic C L 1st 4 Atlantic CL 1 4., Atlan C L 4%s 64, Atiantic C. L. 7 Canada Pac deb 4s Car Clinch & O 6s. Car Clinch & O 6s. Cent of Ga 548 Cent of Ga Central Pacific Ches & Ocv 4%s Ches O gn 438 Ches & Ohto cy Chi & Alton 3%s.. 20 Chi B&Q gn 4 Chi B&Q Ist rf Chi & E 1 gn 6 - 4 Chi Great Weat 4s. 6 CM& Puget Sd 4s. 9 Chi M & St P 4s°26312 CM&StPdb4s.. 15 Chi M&St P cv 4345148 Chi M&St P rf 4% 16 Chi M & St P cv bs. 31 Chi M & St P 5B Chi & NW gn 3%s. C &N W gen 4s. Chi & N W ret Gs. Chi & N W 6%s... Chi Rys bs.... ChiRT& Prf4s ChTH&SE 68 Chi Union Sta 68 C&W 15345 62 wi. 26 CCC& StLse CCC&StLrféaA. Cleve Torm bs w 1. Cleve Term 5%s Colo & Sou 4348 Cuba R R 5s. Del & Hd 1st rf 4s. Den & Rio G cn 4s. Del-Hud cv 63'35. 3 D & Rio G {mp 5 D & Rio G Wst § Det United 4%s. Erie 1st cons 4; Erie gen 4 Erfe conv 4s A. Erfe conv 4s D Erle con ext i Gr Trunk sf db Grand Trunk 7s. Great North 58 Gr North 5%s Gr North gen T; Green B& W d Hud & Man ref 5 Hud & Man aj 58 111 Cent ref 58 '55. . Il C-C St L&NO 53 Int Rap Tran Gs. .. Int Rap Tr 68 stpd. Int Rap Tran 6s [nt Rap Tran 7s... Int & G Nor 1st 6s. Int & G Nor aj 6s.. lowa Cent rf Towa Cent 1st bs. Kan City Ft S 4s Kansas City 83s.. 89% 854 84 84 106% 105% 98y 98% 60 60 9l 91% % 71 654% 65 684 68% 74 4 1084 108% 107% 107% 116% 116% 941 94% 100% 1007% 110% 110% 14% 14% 8815 88% 24 T2% 1044% 104 984 71 1% 8 94 103% 74% 28% 62% 8415 1% 8914 R4l 984 163 74% 23% 62% 8414 1% 894% 844 984 961 97 94 94 102% 102% 105% 105% 106% 106% Lake Shore 4s '28. Lake Shore 4s°31.. Louls & N uni 4s. Louls & Nis B Louis & Nash § Louis & Nash 7s... Mil El Ry & L 5s. . 83 M StP & SSM cn 48 M StP & SSM cn b8 99% 99% M StP & SSM 5%s. 8% 881 M St 4 104 104 MK 5 5% 15 5% 864 85 85 92 91n 92 103 103 103 65% 65% 65% 100% 100% 100% 88% 88 88 101% 101 101 96U 96 964 62 62 62 8214 83 8314 924 924 924 94 94 94 100 99% 995 10147101% 101% 9 94 9 101 100% 101 114% 113% 113% 95% 954 954 103 102% 102% 6015 60 60% 914 90% 90% 100% 100% 100% 69 69 50% 50% 5% Ble 65 65% 674 674 89 89y 129 129 61 61 85 &% 97U 97% 107% 108 96% 97 104% 104% 824 8234 o4 94 99 99% 1033 108% 97% 9T% 110% 110% 109% 10914 34% 34y 83 83 981 8% 99 99y 93% 93% 864 864 8644 861 94U 94y 86% €6% 73% 78% 88% 881 9T 9715 881 88y 81% 8% 1024 102% 804 801 8% 88% 3 83 66 66 T6% 6% 204% 90 96% 96% 84% 84y 894 89y 6% 77k 100% 100% 105% 106 1094 109% % 100% 1005 55% b5% 40 40 833 834 1 100% 100% 994 99y 2% 924 86% 86% 103% 108% 6% 96% 95 964 100% P & MK& MK&TprinbsA. MK&TE6sC...... M~ Pacific gen 4s.. Mo Pac 58 1926 Mo Pacific 58'6 Montrl Tm 1st bs. . assau £ Ry 4s ‘87 New Or Term 4 N O Tex & M 5s B.. N O Tex & Min bs. NO Tex & M 5% N O, Tex, Mex s N Y Cent deb 4a... N Y Cent ri 88 5 N ¥ Cent deb NY Chi & St L6%s NYC&StLésA, New Hav d 48 '57.. New Havcd New Haven 7 N Y, Ont, Ws Ist 4e NY Ry rf 4s otf: NY Rys adj 5a ot N Y State Ry 44s. NY W & Bos 4% Norfolk & W en Norfolk & W cv 68 Northern Pac 3s... Northern Pac 4s. Northern Pac s D Northern Pacr16s Ore Short L ref 4s. Ore Sht L cn bs 46, Ore-Wash lst rf 48 Pennsyl gen 4% Pennsyl con 4 Pennsyl gen 68 Penn. 5s. 64 Pennsyl 6% Pennsyl gold 71 Peoria & E inc 4s... Pere Mrq 1st 48’66 Pere Mara ist 58 Por R L & P 6847, Reading gn $%s. Rio G West 1st 4s. RIATk & L4%s.. StLIM&S 4s°39.. 12 St LIM&S R&G ds. 12 StL&SF pl4sA..178 StL &S Fprin Su. 22 StL&SF5%sD.. 23 StL&SFad) 36 StL &S F Inc & StL&SFpl6sC.. StLSW istds St LS W con 4s'33 St P & KCShL 4%s Seab'd A Liret Seab'd A L ad] b Seab’d A L con 6s.. Sou Paclfic 4s°29.. Sou Paclfic otl Sou Pacific ref Southern Ry &1 Southern Ry 1st 6s 29 Southern Ry 6sct. 8 Southern Ry 6% Term Asso St L 5s Third Ave ref 4s Third Ave adj 58 Tol StL & W 4 Toledo Trac z Union Pac 4s '37... 25 Unlon Pac 1st 4s.. 14 Union Paclstrf4s 1 Unlon Paccv Virginia Ry st 6s.. 20 VaRv&Plstbs.. 8 Wabash 1st 5 2 Western Md 4s. Western Pacific bs 44 Wisconsin Cent 48. 5 81 14 12 80 14 5 5 24 22 1 2 23 100% 65% 65% 98% 93% 81 81 VAN RAALTE HAS LOSS. NEW YORK, February 27.—The Van Raalte Co. reports net loss of $408,855 for 1924, after depreclation and charges, compared with net income of '$120,930, or $3.02 a share, in 1923. Deficit after first preferred dividends was $744,305, against $158,720 the year before. OIL EARNINGS ENORMOUS. NEW YORK, February 27.—The financial district estimates that the Standard 'Oil Co. of New Jersey will show net income of $100,000,000 for 1924, equal after preferred dividends to about $4 a share on the common stock. The trade considers this re- markable in ylew of depressed com- _ ditions In the ofl industry last year. FINANC COTTON QUOTATIONS MOVE BUT LITTLE New York Values Lose Ground, While New Orleans Prices Rally. By the Assoctated Press NEW YORK, February 27.—The cot- ton market showed a reactionary tone in today’s early trading. The opening was unchanged to 6 points higher in sym- pathy with steady Liverpool cables, but overnight buying orders were supplied around 25.40 for May, and prices eased off during the first hour with that de- livery selling down to 25.23, or 13 points net lower. Spot house brokers were buyers' of near months, but appeared to be selling later deliveries, and in addi- tion to commission house liquidation con- siderable Southern selling was reported, presumably in the way of hedging yes- terday’s spot business. _ Talk of better prospects for showers in the Southwest was a factor on the early decline, but there was no mention of rain for Texas in the officlal weather forecast. New Orieans Quotations. NEW ORLEANS, February 2 cotton market opened steady and trades showed gains of 5 to 8 points May soon traded up to 25.52 and October .05, or 7 to 10 points above yester- 's close. Considerable hedge selling against recent large purchases of spots soon developed, and under the pressure of this selling May eased off to 25.32, July to 25.56 and October to 24.87, or 17 to 20 points down from the early highs, after which they railied. —The first GREEN PEAS HIGHER IN NEW YORK TODAY Bpe Dispateh to The Star. NEW YORK, February 2 light supply of green peas today strengthened the market. Several carloads from Mexico sold at $9.00 to $10.50 per crate of about 45 pounds. Barreled apples were quiet, but gen- erally steady. “A” grade, 2%-inch Greenings sold at $6.00 to $7.50 per barrel, with 2% and 3 inch offerings touched $8.00. — o —The DAIRY PRODUCTS. BALTIMORE, February 27.— Live poultry—Young chickens, pound, 24a 32; Leghorns, 24a28; Winter chickens 436; old hens, 24a30; Leghorns, 2 old roosters, 17a18; capons, ung turkeys, 40a45; old, 3 and crooked breasts, 25; ducks, Eeese, 23a26; pigeons, pair, guinea fowl, each, 40a Dressed poultry — Turkeys, pound, 5a45: poor and crooked breasts, 25. chickens, 28a32; old roosters, 17al8. ducks, 25a30; geese, 20a25; capons, 32a43. Eggs—Receipts, 1,057 cases; native and nearby firsts, dozen, 3134 a31%%. Butter—Good to fancy, pound, 3% 423%; prints, 4215a443; ladles, 27a29; store packed, 20; process butter, 33: dairy prints, 20a26; rolls, 20a25. NEW STOCK ON SALE NEW YQRK, Februa offerings today include $750,000 of 5 per cent cumulative preferred stock of the Pittsburgh Steel Foundry Cor- poration at $70 a share, to 1d over 7 per cent, and 30,000 shares of com- mon stock at $20 a share ew RADIO TRADE BOOMS, NEW YORK, February 27.—The pamphlet report of the Radlo Cor- poration of America for 1924 reflects the great growth of the radio in- dustry. The company’s total assets expanded to § 50, an increase of nearly $12,000, over the before, while profit and loss surplus e $5,500,869, in contrast to $1,643,- 8. LIVE POULTRY LOWER. CHICAGO, February 2 alive, lower; fowls, 24a; ; roosters, 18; turkey geese, 14. —Pouitry, springs, ducks, NEW YORK, Febraury Net earnings of the Railway Sieel Springs Co. for 1924 dropped to- $1,841,159, equal after preferred dividends to $6.63 a share on the common, com- pared with $3,341,271, or $1.75 a share in 1923. There was a deficit of $183,- $41 after preferred and common divi- dends in contrast to a surplus of $1,316,271 the year before. The reg- ular quarterly dividends of $2 on the common and $1.75 on the pre. ferred were declared. NEW FIRM PROSPERS. NEW YORK, February 27—Business of the Metropolitan Chain Stores, Inc., Which acquired the assets of the Metropolitan 5 to 50 Cent Stores, Inc, last October, is progressing favorably, earnings for the last ten weeks of 1924 amounting to $261,- 423, or $1.91 a share on the common | Bain of about $3,000 year | IAL, LOCAL SECURITIES MAKE NEW HIGHS Railway Common Seils at 103—Bus Company Earn- ings $4,441 in January. BY CHAS. P. SHAEFFER. An orgy of new high prices featur- ed trading on the Washington Stock Exchange this morning. Of predominent interest common stock of the Wa Railway & Electric Co., to the extent of 130 in price to 103, a new 1t was strong at advancing session The favorable earning stateme the Potomac Electric Power Co. subsidiary of the carrier, which wa published yesterday, is thought to have had a favorable effect on the common stock. The preferred stock is restricted to a 5 per ceat dividend, the remainder of the earnings accru- Ing to the common stock. Then there is still the matter of 261 per cent In_passed dividends on the common Mergenthaler Linotype made a new high at 180 on sales of 30 shares, and Lanston, while toward the close, established a new high on the day’s initial transaction, 30%. Rigg, National Bank moved into new high ground at 332, and one share of Security Storage Co. sold at 361, still another high mark. Volume of trade was heaviest thus far in 1925 was the hingto ch res, rising time peak the opening, 1 steadily throughout casier Transit Company’s Net corpor: income of th Washington Rapid Transit Compar amounted to $4,441.30 in Januar compared with only $189.83 in same month last year, according statement of earnings filed with Public Utilities Commission morning. The bulk of the gain the comparative months lies in no operating income, which totaled $3,095 during the period, of which $2,932 represented the return on a bus turned in. Total operating revenue fr portation amounted to $31 over last yea egated $3C than in January raings. the between while about of 1924 The company maintained 37 bu during the past month, oper: 125,140 live miles and carrying 346,83 passengers. In the same mont year 36 busses operated 144 54,615 pay sengers. the mon earnings m a stra cent fare, or three tokens for while in 1924 a flat rate of 8 cen was charged. Bank’s Rediscounts Gain. Richmond Federal Reserve Bank rediscounts creased $1,083,000 dur ing the week ended February 25, a now total $28,689,000. As re 1t this gain earning assets were aug mented to $37,549,000. Total reserves declined from 9 000 000, in consequence of a rec $4,835,000 in gold reserve Bank Prepares Tax Data. Preparations of income tax return: is rendered a comparative simple matter by an “Everyman’s ancla Summary.,” which is belng distributed gratis by the National Metropolitan Bank. The sheet the classification of income are provided for the entry of dedu | tions. It designed ith sp reference to tax return from No. classifying numbers correspc making the actual c pilation of tax returns a simple matter of addition. Morris Plan Spreads. Reports to the Industrial Finance Corporation, New York, indicate that loans on the Morris plan in 1924 num bered 510,500, being 27,000 more thar in 1923. The amount lent by the 108 banks and branches throughout the country was $121, , or $17,000,- 000 more than in preceding year In 11 years $610,500,000 has b to 3,040,000 small borrowers Morris plan. VARIED CROPS URGED. Agriculture Department Opposes Raising of Wheat Alone. expenses $1,500 ag more vay of la live mi lists nine c s while six Systematic crop rotation was rec ommended to farmers in the North- west by the Department of Agricul- ture today in making public analysis of successful methods northeast Montana, suggesting as the basis for better farm o zation. While wheat is the principal crop fn Montana, the department advised against growing wheat alone in that territory. Crop rotation, it said should include corn, oats, barley, flax and forage crops, with a live stock for that perfod. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) 2%s September 15, i%s December 15 43s March 15, 41ys September 4%s March 15, 4128 December 1 20 29-32 100 100 31.82 101 9.32° 1007y 101 1318 101 1316 101 1518 101 15.16 SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Close.—— : Bid. Offer) Alumioum Co. of Amer. 7s 1933 101 1075 American Sugar 6s 1987. 1028 American Tel. & Tel.' 6s 193 12614 Anaconda Copper 65 1929. ... 1081, Anglo-American Ofl 7is 1025.." 1004 Associated Oil 6s 1935 108 Baltimore & Ohio 8s 1929 Bell T B Central Cent. Leather bs, April 15, 1 Chi., Mil. & St. Paul 6s 1934 ChL'R. I. & Pacific 53 19: City of Lyons 6s 1934 Columbla Gas & El_ 1st 5 1027, Continental Gas & El. 5s 1927 Du_ Pont T%s 1931. Federal Sugar Ref. ‘e Federated ) Goodyear T. & R. S 188 Great Northern Gulf 0il Corp. of Humble O1l 5%s 1982 Lehigh Pow. Sec. Corp. 8s 1027. M., St. P. & 8. S. M. 6%s 1931, Morris & Co. 7ias 1930, < New York Central 6 1935 Oregon Short. Line 4s 1820 Penna. R. R. 7s 1830. Pure Oil 5is. August. Swift & Co. 5s 1082 Tidewater Ol 6% 163 Union Tenk Car 7s 1930, U. §. Rubber 7%s 1930. Western Union 8%s 1936. % Westinghouse E. & M. 7s 1931 1078 Fisher Body Corp. s 1027, called for pay- ment Februacy 1, 1925. at 10i%. Fisher Body Corp, s 1028, “called for pay- ment February 1, 1025, at 102, R ST Fish Dislodged the Cat. The 8. P. C. A. and a whole army of workers at Newark, N. J., polioe and firemen for 10 days tried to dislodge a cat fram an 18-inch pipe without success. Nothing could coax the cat out, although poles, chains and rods had been used. Finally an agent of the 8. P. C. A. tled a piece of fish to a pole. The cat came out. Very Difficult. Jones—So your daughter is married. No doubt you found it very hard to part with her. , Smith—Hard! I should say so. Be- tween you and me, my boy, I began to think 1t was impossible. side line to supply the family table. FEES FOR VISAS CUT. Germany Transit Rate Now 50 Cents Instead of $1. Special Dispatch to The Star. NEW YORK, February 27 tions of German fees for American passports to Germany went into effect vesterday, says @n ar nouncement by the Board of Trade for German-American commerce. The charge for transit visa which was for- merly $1, is now 50 cents, and that for visa for visitors' passports for glx months has been reduced from $10, to 32 The reductions .are especially in- teresting, the German-American Board of Trade points out, in view of the bill providing for a reduction in American visa fees, which last week passed the House of Representatives and is now pending in the Senate. —Red visas for LEATHER EXPENSES CUT. NEW YORK, February 27.—Econ- omies being introduced in the man- agement of the Central Leather Co. will have a beneficial effect on the current year's business, according to Hiram Brown, president, who in- formed stockholders that $250,000 had been cut from the pay roll and that scrapping of the tanning plants woura mean an annual savings of $150,000 in malntenance. “We hope to earrn enough to cover regular preferred dividends this year,” he said. SHIPPING FIRM HAS PROFIT. NEW YORK, February 27.—A pre liminary report of the Atlantic, Gulf and West Indies Steamship lines for 1924 shows net income from steam- ship operations of $1.362,250, equal to $9.91 a share on the preferred. After allowing for preferred dividends balance is equivalent to $4.51 a share on the common in contrast to net loss of $1,628,580 in 1923. — PARIS BOURSE HEAVY. PARIS, February 27.—Prices were heavy on the Bourse today. Three per cent rentes, 48 francs 10 centimes; exchange on London, 92 francs 50 centimes; 5 per cent loan, 57 francs 25 centimes. The dollar was quoted at 19 francs 49 centimes. P RATES ON BAR SILVER. NEW YORK, February 37.—Barsil- ver, 68%; Mexican dollars, 62%.