Evening Star Newspaper, March 10, 1925, Page 20

20 ® FINANCIAL. SEVERE DECLINES | THE EVENING STAR, WASHIN TUESDAY, MARCH 10, 1925. BOND PRIGES DRIFT | Coxew vorx BONDS stocx excsvee| 'W YOI Recelved by Private Wire Direct to The Star Office. UNITED STATES BONDS. GTON, D. C., FINANCIAL. MATERIAL UPTURN W.R. & E. HOLDERS B NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Sales. High. Low. 2:30. N STOGK NARSET Favorable Steel Tonnage R?' port Fails to Stop Heavy Selling Wave. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, March J0.—The stock market today pursued a very irregu- Jar course, with the tendency toward Jower prices much of the time. The United States Steel Corporation’s un- filled tonpage figures, which came out at noon, exceeded the expecta- tions of the majority, and so far as the volume of new business was con- cerned, made a favorable impression. The figures dieclosed an increase of nearly 250,000 tons, which was larger than the January gain. Steel common became more active at higher prices immediately after ~the an- nouncement, and a partial rally oc- curred in the general body of stocks. 0f1 Shares Thrown Over. elling continued in the oil shares h:xus»‘nt the fact that rumors of a further increase in mid-continent crude oll prices were not borne out. Pacific Oil dropped below 60, where it was off more than 5 points from the season’s high. Phillips Petroleum was down more than a point and Pan-American B was heavily offered California Petroleum received better support than most of the other mem- hers of the group on the decline. The reputed pool in Independent Oil and Gas took no vigorous stand against the general market tendency. The recent bull campaign in Texas Pacific Coal and Oil had a rather melancholy sequal, as the stock sold around 18, where It was dewn 5 points from the late high. Studebaker Is Strong. Studebaker was strong for a time around 45, but it had no effect upon the other motors. Plerce Arrow preferred dropped 1';. and while support W given General Motors under 73 it was not espectally effective. Maxwell Motors iesues were strong for a_time, but gave way later. American Bosch Magneto was oft over 17 points from where it #old during the wild speculative orgy of Saturday, January 3 Shares of the electrical equipment manufacturers stood out _strongly. Whenever. the rest of the market gave them a chance General Electric and Al- lis Chalmers were bid up. The latter was selling close to top figures. St. Paul Again Sold. Reports of new banking interests having entered into the St. Paul situation did not prevent further heavy selling of the stocks. But the same support made its appearance in St. Paul preferred around 20 as has been shown in every occasion recent- 1y when the stock has been weak. Other Northwestern ralls were lower. Chicago and Northwestern was off 3 points from last week's best in recognition of the fact that there is little chance of an increase in the present $4 dividend. Union Pacific dropped below 148 and New York Central was frecly supplied under 121, Medium and low-priced rails of the type of Wabash Missouri- Kansas-Texas and the Kansas City- Southern were all So was St St. Louls-Southwestern. When directors of the Ludlum Steel did nothing more than declare thei Gajlahan Zinc dividend at the rate of 32, it broke|cal Pate (1% ) up the bull movement in that stock.|calif Pet pt (7). Today a further sharp reduction occur- red. Allis Chalmers distinguished itselt today the gelling movement in the general list got fully under way Allis Chal- mers turned back under the pressure of realising sales, but this irregu- larity was followed by further sup- port. The gossip about the company was highly favorable, satisfactory earnings, the strong financial position and the likelihood of higher divi- dends. Wilson Stocks Steady. Wilson & Co. stocks paid little at- tention to the comment on the forth- coming reorganization plan. It was reported that an assessment on the preferred and common stocks and an adjustment of $52,000,000 debt would be involved. For each share of present preferred stockholders are expected to be assessed $15 and re- ceive $15 par value in new debenture notes and 17 shares new common. For each share of present common stockholders, it is anticlpated, will be assessed 35 and receive $5 par value in new debenture notes and half-share of new common. MARKET CLOSES WEAK. Recognized Leaders Continue to Lose Their Ground. By the Associnted Press. NEW YORK, March 10.—Publica- tion of a favorable United States Steel Corporation tonnage report and a brisk rally in wheat, based on a bullish Government crop estimate, were ignored by today’s stock mar- ket, which continued to lose ground in reflection of speculative uneasi- ness over the money situation. Total sales approximated 1,500,000 shares. The closing was weak. The Pressed Steel Car issues were marked up 3 to 5 points in the late trading, but the recognized leaders continued under pressure, closing near the low levels of the day Markets at a Glance NEW YORK—Stocks lower; standard yails yield to selling pressure. Bonds easier; St. Paul 4s, 1925, at new low. Foreign exchanges firm; sterling and franc improve slightly. Cotton stead Jarger exports. Sugar easy; lower sp narket. Coffee lower; foreign selling. CHICAGO—Wheat firm; bullish Gov. ernment report. Corn steady; sym- yathy with wheat. Cattle irregula hogs limited demand SHORT-TE;M EECUBITIES. (Quotations furnished by Redmornd & Co.) ~—Noon.— Bid. " Asked: 107 3 luminum Co. of Amer. 2 102 American Kugar 85 193 American Tel. & Tel. 8s 18 Anaconda Copper 8s_ 1929 Anglo-American 01l clated Oil 6s 1935, Cent. Leather 5s Ap: Chi., Mil. & St. Paul 6s 1934 Chi) R. 1. & Pac. 5l4s 1926, Continantal Gas & Elec. 58 1927 Du_Pont 7ias 1931 Y ederal Sugar Ref. Yederated Metals Goodvear T. & R Great Northern 7s 1036, «uit 0il Corp. of s 19330000 Humble Oil 5igs 1982.. . Lenigh Pow. See. Corp. 65 1927, AL, St P. & 8. 8. M. 6138 1931 Morrls & Co. T'gs 1930.. New York Central 8 1085 Oregoo Short Line 4s 1929. Tenna. R. R. 7n 1 Pure Ol s Aug Bwift & Co. 5 1982.... Tidewater Oll 6155 103 nion Tank Car Ts 1930. Rubber 7%s 1980. w ro Union 6138 1936. . Westinghouse E. & M. 7a 1981.. 10743 Fisher Body Corp. 6s 1927 called for pay- goent February 1, 1925, at 10114, Fisher Body Corp. 6 1928 called for pay- weat February 1, 1925, at 102, Abitibi Pow (4) .. ‘Adams Exp (6) Adv Rumley. Ad Rumley pf ( Air Reduct (15) . Ajax Rubber. 124 Alaska Juneau.. 1% AllAm Cable (1) 120 Allfed Chem (). 88% Allied Cm pf (7). 119 Allis Chalm (4). 80 Am Agricul Chm 17% Am Ag Chm pf.. 47 Am Bk N (11215) 184 Am Beet Sug (1) 40 Am Beet Spt (6) 88 Am Bosch. . 374 Am Brk Shoe (5) 100 Am Can (17).... 180% Am Can pf (7)., 119% Am Car & F (12). 226 Am Chain A (2). 24% AmChicle...... 4% Am Drug (60c). 6% Am Express (6). 150 Am & For Pow.. 81% Am & Fr P pf 9245 Am Hide & Lea.. 12% Am Hide & Lpf. 172% AmTece (7). .. 87% Am Internatl.. . 36% Am LaFran (1). 124 Am Linseed..... 25 Am Linseed pf... 58% Am Loco (118). . 140% Am Metal (3)... 40% Am Radiator (4) 97 Am Republic.... 59 Am Safty Rz (3) 56 Am Ship & Com. 12% Am Sm & Ref () 98% AmS& Rpf (7). 1084 Am Stl Fdys (3). 51% AnrSugar...... 6% Am Sugarpf () 99 Am Sumatra.... 15 Am T & Tel (8).. 185% Am Tobacco (7). 86% Am Tobac B Am WW&E! . Am W W pf (6). Am Woolen..... Am Wool pf (7). Am Writ Pap pt. Am Zinc pt. . Anaconda (3) Archer-Danie Armour Del (7). Arn Cons & Co. . Asso Dry G (5).. Asso0 OIl (1%).. AtT&SFe (7). AT&SFpf (5). Atl Birm & At At CoastL (19). 51% 102% 101 4915 88% 4% 80 a2n AtGulf & W At Gulf & WIpf. Atlantic Refin Atlas T .e Austin-Nichols. Auto Sales...... Auto Salespf... 14% Baldwin L (7)... 138% Bald Loco pf (7). 118 Bal & Ohio (5) 81% Bal & Oh pf (4). 66 Bang & Ar (3).. 38% Barnsdall A % Barnsdall B Bayuk Cigar. Beech Nut (3) Bethlchem Steel Beth Stl pf (7). Booth Fisheries. Briggs Mfg(31%) Bkl-Man Tran. Bkl Union G (4). Brown Shoe (4). Bruns-Balk(90c) Brunswick Term *Buff R&P (4).. Burns Br B (2).. 38% 40 .. 110 11% 28 4 46 T4 45 96% 5 87 41% 9% 70% 40 4 53k 19% inclined to drag.|Butte & Su (50). Louis-SanFrancisco and|Butterick Co. by advancing sharply, Welllcaqe Threshing. above the 80 level, while selling was| cen¢ Leather. ... going on in other directions. When | cgny redt /el e Bush Term (5).. Butte Cop (50c). 3% 7 20; 22 1% 103 3% 31% 112% Calu & Ariz (2).. Bl% Calumet & H (1) 154 Can Pacific (10). 147% 28% 18% 8% 46% b1 45% 25 Caddo Central. . Cal Packing(6). Century Rib (2). Cero d Pasco (4) Certain-Teed. .. Certain-T st (7) Chand Mot (3)... 88 Ches & Ohio (4). 94% Ches &0 pf(6%). 1074 Chi & Alton..... 9 Chi & Alton pf.. 16% Chi & Est 111 pf.. 49% Chi Great West. Chi Gr West pf.. ChiMil & StP... Chi Mil & SP pt. Chi & Nwn (4).. Chi PneuT (5).. ChiRI&Pac. .. CRI&PpL(6). CRI&PDL (). Chile Cop (2%). Chino Copper-. .. Cluett Peab (5). Coca-Cola (7)... 80% Coca-Cola pf (7). 99 Colo Fuel & Tron 43% Colo Southern... 67 Col G & E (2.60). 56% Col Carbon (4) 47% Com Solv A (4).. 149 Com Solv B Congol-Nrn (3). Conley Tin Foil. “onsol Cigar. on Distributrs. * onsol Gas (5) Consol Textile. . Cont Can (4). Cont Can pf (7) Cont Insur (6).. 111% Cont Mot (80c).. 9% Corn Prod (2)... 40 Cosden Co...... 82% Crucible Stl (4). 74% Crucible pf (7).. 95% Cub Am Sug (3). 81% Cuban Cane Sug. 18% Cub Cane Supf.. 59% Cuba Dominican 5% Cushmans (3)... 66 Cuyamel Fr (4). b4 Daniel Boone... 3% Davison Chem.. 434 Del & Hud (9). .. 141% 21% 6745 85 50% 88% 964 85% 28% 62 40 2% Open. High. 66 97 51% 102% 12% 1% 120 8814 119 103 51% 16% 147% 281 18% 587 45% 51 45% 95 88 95% 107% 9 16% 493 13 28% 12% 21% 674 86 5014 884 9614 354 23% 62 0% 99% 43% 57 56% 474 143 145 40 27 6415 115 111% 9% 40 7% 95% 31% 13% 5919 5% 65 Ba% 3% 43% 142 Low. 66 97 16% 16% 154 51% 100 12 1'% 15 uo“‘ T9% 17 47 184 40 86 367 9% 176% 119% 221% 24% 4 6 146 804 % 12% Tl 8743 36% 12% 24% 41 9% 70 39% ‘% 63% 19% 91 7 19% 22 1% 3% 30% 111% 51% 15% 147% 27% 17% 58 44 5014 44% 95 32 941% 107% 8% 15% 49% 12% 27% 11% 20 66% 82% 48% 87% 961 4% 23% 62 90% 99 42% 56% B4% 47% 142 141% 39% 2% 28% T4 5% 3% 63% 115 110% 9 39% 81 8% 85% 31% 13% b8% b% 65 63% 315 42 141 Close. 27 16% 51% 101% 12 1% 120 86% 119 80% 364 41% % 70 394 2% 53% 19% 924 7 204 22% 1% 103 3% 30% 111% 51% 15% U% 27% 17% 58 44 50% 45 95 82 944 107% 9 15% 49% 12% 27% 11% 20 67 83 48% 87Y% 96% 844 23% 62 0% 9% 421 56% Bbasy 47% 143% 143 8915 2% 28% T 6 4 63% 115 111% 9 39% 31 3% 95% 81% 18% 58% 5% 65 68% 315 42% 141% Del L&Wn (17). 187% 137% 136% 136% DERGWstpf.. 44 Detroit ¥4 _(8) . 735 Dome Mines’ 2).‘1 Doug Pectin (1). Dupont (10).. Duquesne pf (7). DuPont deb (6) . Eastman (18). Eaton Axle. ... Elec St Bat (15) . Emmerson B pf. End-John (8)... Erle. . Sho Erie 1st pf ; Exchange Bf (2) Fairbks (2.60).. Famous PI (8) Fed Lt & T (17 Fed Mines pf (7) Fisher Body (5). Fisk Rubber. Fisk R 1st (1) Fletschmann (4) Foundation (8) Foundation rt. Freeport-Texas. Gardner Motor... Gen Am Tnk (3). Gen Asphalt. ... Gen Baking Gen Cigar (8). 97% Gen Cigar pf (7). 110 Gen Electric (8) 262% Gen El spi (60c). 114 n Motors (8).. 784 Gen Mot pf (7).. 107% Gen Petrol (2).. 54% Gimbel Bros.... 49% dinter Co (1%). 27% Glidden Co. .. 16 Goodrich....... 524 Goodrich pf (7). 97 Goodyear pf 99% Gdyear prior (8) 106% Granby Consol.. 18% Grt North pf (5). 68% Grt Nor Ore (4). 374 Grt Wstn Su (8). 97% Greene Canan... 16% Gulf St Steel (5). 89 15% 14% 146 106% 97% - 111% 14% 65 13 68 32 1% 17 84% . 98% 146 52 631 12% 82% 7% 101% 1% M 14 50 56% 128 44 43 118 1}75 1}15 16% ) Y 14% 14% 14% 146 106% 97% 11% 14% 65 13 681 82 41% 56% 128 9% 110 263 114 73% 107% 541 494 27% 16 b2k 97 100 106% 184 68% 37% 97% 16% 89% 144% 106 7% 11% 14 641 13 68 81% 41% 17 34% 9715 144 51 es* 12 82 1% 8% 55 123 96% 11 53 49 97 18% 68 97 145% 1084 97% 11% 14 64% 138 681% 31% 41% 17 85% 974 144 51% €3 | Houston O11. Open. High. Lew. Close. 81% 85 2 47% 48% 8% 28% Hartman (2%).. Hayes Wheel (8) Helme G (6.75) .. Hoe & Co A (4).. Homestake (17). Hudson Man Hudson Mot (3). 42% Hupp Mot (1). 15 Tllinois Cent (7). 116 Independ Oil (1) 324 Indian Motorcy. 18% Indian Refining. 8 Ind Ref pf (7). 85 Inspiration Cop. 264 Interb Rap Tr... 244 Int Bus Mac (8). 118 Int Cement (4).. B7% Int Com Eng (2). 42 Internat Har (5) 104% Int Mer Marine.. 11W Int Mer Mar pf.. 4dd% Int Nickel. 26% Int Paper... . A9% Int Pap pf st (6). TiW Int Ry Cent Am. 19% Int Ry CA pf (5). 60 Int Tel & Tel (8) 92% Int Tel & Tel rts. 8% Towa Central Ao 2 Jewel Tea 19% Jordan Mot (3).. 63 Kan City South. 87% Kan CSopf (4). b8Y% Kayser (Julius). 22 Kelly-Spring. 16% Kelly Spring 1st. 51% Kelly-Spring pf. 46% Kelsey Whi (6).. 924 Kennecott (3).. B1% Keystone T & Kinney G R.. Kresge Dep Str. Laclede Gas (8) . Lee Rub & Tire. Lehigh Val (314) Liggett & M(14). Lig & My B (14) . Lig & Myrs rgts. Lima Loco (4). .. Loews Inc (2)... 159% 12% 7 60% 60 8% 6845 Long Bell A (1), Loose-Wiles Lorrillard (3). Louisiana Oil. Louis & Nsh (6) . Ludlum (2).. Mack Troks (6) Mack Trk 2d (7). Macy HR & Co. Magma Copper. Mallinson & Co. . Manati pf (7)... Man El Sup (4).. Man El md(3%). Man Shirt (1%). Maracaibo Oil. ., Market Street. Marland Ojl..... Mar-Rock (25¢). Martin-Pry (4). Martin-Pry rts Mathieson Alka. Maxwell Mot A.. Maxwell Mot B.. May Dept St (5). 107 Mexican Seabd.. 15% MiamiCop (2).. 1l Middle States. 14 Midind Pr pf (8). 103% Minn & St Louls. 815 Mis Kan & Tex.. 38% MEK&TDSf (5).. 82% Missour! Pacific. 37% Missouri Pac pf. 79 Mont Power (4). 67 Montgom Ward. 47% Moon Mot (3)... 25 Mother Lode T6c 7% Mullins Body... 17 Munsingwr (3).. 83 Nash Mot (11).. 258 Acme (sta). 5% Nat Biscuit (14). 68 at Cloak & Suit 66 Nat Dalry (3)... 46% Nat Dpt Stores.. 414 Nat Distillers pf. 5% Nat Enamel & S. 85 at Enam pf 33 Nat Lead (8).... 167% at Ry Mex 2d 2% at Supply (3) 5 vada Copper.. 14% NOT&M (D). wpt U Gus (5). 60 Y Canners (2). Y Central ( 120% NY C&StL (6).. 180 NYC&StL pf (6). NY NH & Hart.. 33% Y O & Westn 56 - 127% 78 48 41% 10% 824 “w 64 88 57% Niag Fls Pw (2). Norfolk South. Nort & W (15). Norf & W pt (4). North Am (3.40) North Am pf (3). North Pac (5). Onyx Hosiery. Orpheum (1.80). Otis Elev (15%). Otis Steel. . Owens Bot (). Pacific Coast. .. Pac Coast 2d pf. Pacific Gas (8).. Pacific Oil (2). Pacific Tel ricts Packard (11%). Packard pf (7).. Pan-Amer (6).. Pan-Amer B (6). Park & Tilford. Penn C & Cke. .. Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Pere Marq (4).. Phia. Co (4)... Phila& RC&1. Phillip Morris. . Phillips Pet (2). Pierce-Arrow Pierce-Arrow pt Pierce Ofl...... Plerce Petrol. .. Pitts Coal : Pitts Coal pf (6). Pitts Term Coal. Pitts Term (7 Pitts Ut pf 11.20. Pitts & West Va. Porto Rico Tob Postum-Cer (4). Press Steel Car. PrStCar pf (7). Prod & Refiners. Pro & R pf (33%) PubSerNJ (5). Public Serv rts. Pub Serv rts (n) PubSEIpf (7).. Puliman Co (8). Punta Al Su (5). Pure Ol (1%).. Radio Corp of A. Radio C pf (3%) *RSIICefs (4). Ry Stl Spg (8).. Ray Cons Cop. Reading (4) Reading rts Reading 2d (2) Remington Type Remintn 1st (7). Replogle Steel. Rep Ir & Steel. . Rep1& Spt (7). Reynolds Sp (1). Rey Tob B (3). Rossia Ins (6) . Roy Duth 4.42%. St Joseph Ld (2) StL & San F (5). StL SanF pf (6). St L Southwest.. St L Swn pf (5). Savage Arms Schulte (*8). Seaboard Air Seabd Air Lpf. . Sears-Roebk (6) Shattuck-Ariz. . Shell Trad (2.06) Shell Un (1.40) 284% a2 9% 86 50 60% % 18 108 79% 80 82 47 2% 69 b4% Pet (50¢) Skelly Oil.. Sloss-Sheff (6) . South Port $ (6) South Pac (6). .. Southern Ry (5) South Ry pf (5). Spicer Mfg.... . . Std Gas & Bl (3) Stand Mill (5).., 81% 85% 72 % 4“ 8% 28% 42% 16 116 324 15% 8 85 27% 24% 18 57 ot 104 11% “i 26% 49% % 19% 60 924 % 3 19% 63 37% 58% 22 16% 51% 46% 92% 52 2% 80% 36 160% 12% 7 99% 110% 23 41 166% 6 42% 26 106% 34 23 21% 27% 89% 684 104% 88% 88l 18 46% ki 81% 85 2 474 43% 76 8% 424 15 115% 30% 16% % 85 26% 28% 18 b6% 40 103% 1% 43 264 48% 1% 19% 60 911y 3% 3 19% 51% 36 E8% 21% 16 b61% 484 92% 514 2% % 35 39% 12% 76 60% 59% % 68 28% 7 464 a 35 19% 112 4% 36 103% 3% 87 27% 82 564 4% 261 28% T 40% 10% B1% % 634 86 55 108 15 10% 1% 103% 3 36% 8244 87 8% 664 45% 24% % 17 38 252% 5% 675 66 46% 41 655 4% 83 167% 2% 645 by 1e 60 331 119% 128% 8% 82% 25 56 24% 1264 102 58% 86 21% 45% 9% 2% W 104% 137 42% 29% 59% bl% T2% 132 14% 6% 22 40 63% 100% 17% B34 884 14 4% 96 63 42% 70 82% 48% 72 3% 110% 22% 40 152% 6 424 24% 106% 83 22 20% 88 2% 87 68% 108% 87% 88% 17% 4% 69 . €9 | dividends 1% 85% e 4% 4" k(3 23% 424 15 116% 304 16% % 85 .« 26% 24% 118 56! 40! 104 11% 43% 26% 49 1% 19% 60 1% 3% 3 19% 514 38 584 21% 16% B1% 4644 924 814 2% 9% 35 159% 12% % 60 59% 8% 68 28% 1 464% 91 854 19% 112% 45 187 108% T4% 37 28 82 58% 48 26% % 41 11% 3% % 634 86% 56% 106 15% 104 1% 104 3 86% 824 3% it 664 45% 24% kel 17 33 25214 5% 67% 66 464 4l 66% 34% 83 158 2% 64 14 116% 60 334 119% 129 % 82 26 56 24% 126% 78 47 484 69 224 28% 9% 14 % 26 63% 43 70% 82% 48% 72 93% 110% 22% 40 1656 6 2% 24% {osrs 83% 224 | will 20% 88 27% 89% 6814 1044 88% 88% INTRADING TODAY Tone of Stock Market and Money Situation In- duce Selling. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, March 10.—Renewed selling, of the short-term St. Paul bonds was the feature of today's market. The 4s of 1925 were offered in large blocks at one time down 2 points from Monday's close and at a new low for the year, There were also large offerings for future dellvery, mostly 30 daye, at even lower prices, the operation corresponding to & short sale {n stock. Throughout this sell- ing the longer maturitles of the St. Paul were fairly steady. Another Feature. Elsewhere in the list the feature was St. Louis-San Franclsco prior lien A 4s, which were very strong above 75 for the first time. Trans- actions were on a large scale. Other St. Louis-San Francisco issues did not share this improvement. I. G. N. ad- justments continued reactionary, get- ting down below 72, still reflecting disappointment that the annual in- terest disbursement was not raised above 4 per cent. Fonda, Johnstown and Gloversville 413 held their re- cent gain on reports of some favora- ble developments. Selling at 73, the: were up 833 points from the vea low. Persistent pressure was exer- cised against Chicago and Alton 31%s, carrying the quotation down more than a point. United States Bo: Are Steady. In the high-grade investment list changes were fractional United States Government bonds were steady, but that was all. Demand continucd for railroad issues legal for savings banks, while outside this class such bonds as Colorado Southern 4s and New Orleans, Texas and Mexico 5%s were firm. The industrials moved in sympathy more or less with stocks. Wilson & Co.’s issues were lower and profit-taking appeared in Chicago Rail- way 5s. Today’s New Issue. Today's new issues included $2,- 000,000 California, Oregon Power 51 to yield 5.67 per cent; $2.800,000 Cities Service Tank Line 5 per cent equip- ments, to yield from to 5.40 per cent, and $3,500,000 Dallas Joint Stock Land Bank 5s, to yield 4.56 per cent to optional redemption date. MICHIGAN FARMERS IN FAR BETTER SHAPE Special Dispateh to The Star. DETROIT. March 10.—Tha position of the Michigan farmers has steadily improved. In 1924 the State crop showed a value of $271,798,000, a gain of 48 por cent over 1331, 26 per cent over 1922 and 12 per cent over 1924 Wheat, rye, oats, barley, potatoes and hay were above normal, and corn, su- gar beets, closter seed, apples, peaches and pears below FURTHER CRUDE OIL ADVANCES PREDICTED Special Dispatch to The Star. BALTIMORE, March 10.—Recent ad- vances of 5 to 15 cents a barrel in posted prices of crude ofl are consider- ed by Baltimore oil interests a pre- lude to more substantial advances by the larger companies purchasing crude in the mid-continent area. Firm basis for present crude and refined oil prices is shown in the Gov- ernment figures on gasoline consump- tion in January, indicating a 20 per cent gain over the same month last year, whereas stocks on January 31 increased 10 per cent over the quan- tity on hand on the same date last year. R — Disabled soldiers are embroidering the textiles for a chair which the Queen of Spain will use in her coun- try house near Madrid. StOilCalif (2).. 624 624 StOINNJ(1)... 42% 42% StOIINJ pf (). 116% 117% Std Plate Glass. 13 134 Sterling Pr (15). 63% 63% Stew Warnr (5). 68% 68% Studebaker (4). 44% d45% Submarine Boat. 11 11% Superior Ofl.... 4% 4% Symington. 184 18% Symington A (2) 22% 22% Tennessee Cop.. Sk 8% Texas Co (3).... 46% 46% Tex G Sul (17%) 109 109% Tex & Pacific... b3% b8% Tex & Pac C& O 19% 19% Tide Wat Oil (4) 143 143 Timken (13%).. Tobac Prod (6). Tobe Prd A (7). Transcont Ofl. .. Transu & W (3) Twin City (4)... Underwood (3). Un Bag & Paper Union O1l. . 2 Unton Of1 (1.80). Un Pacific (10). . Un Pacific pf (4) Un Tank Car (5) Utd Alloy Steel. Utd Cigar (13%) United Drug (6) Utd Drug 1st 3% Utd Ry Invest U S Cast Iron P. USCIPpt (D). U S Distributing U S1Ind Alcohol. U S Realty (8) U S Rubber..... U S Rub st (8).. U S Smelting. U S Steel (17). U S Steel pf (7). Universal Pipe.. Univer P pt (7). Utah Copper (4). Utah Securities. Vanadium. Va-Caro Ch pf.. Va Ry & Power. Vivadou........ Wabash........ Wabash pf A. Wabashpf B.... 44% 44% Waldorf (1%) 16% 167 Ward Baking A. 1204 ‘1204 Ward Baking B. 41 41 Ward Bak pf (1) 99 99 West Pen (4) ... 107% 108 West Pen pf (7). 964 9614 West Maryland. 14% 14% West Md 2d pf.. 21 21 ‘Western Pacific. 38Kk 39% West Pac pf (6). 93 94 West Union (7). 128 128 West Air Br (6). 105% 105% Westinghse (4). 72% 734 Weston Elec.... 101 10% Weston Elec A.. 21% 21% Wheel & L Erie. 14% 143 Wheel & LEpf. 27 27 ‘White Eagle (2). 28% 28% White Mot (4).. 644 Wickwire Spen. 8% 85 Wilson & Co.... 12 Wi'son & .. 364 Willys-Overind. 12 12 Over pf... 84Y% Woolworth (3).. 115% 116% Worthington... 67% 68l Wright Aero (1) 18% 18% Wrigley (1315) .. 49% 494 Youngstn S&T.. 73% 78% *0dd lots. 39% 39% 40 40 kel % 40% 40% 1484 148% Td% 4% 123 123 32% 82% 7% T54% 118 118 b52% b2% 20% , 20% 225 226 106 106 82% 82% 82% 83% 123 1238 41% 41% 9% 95% - 33% 33% 124 124 128% 123% 43% 43% 85 85 87% 874 56 56% 27% 27% 11 11 80 80 U% 1% 25 25 63% 68% 1% 24% 62% 44 16% 120 39% 99 4 108 96% 14% 21 39 93% 120% 105% 1% 10% 21 14% 27 28 63% 5% 10% 1% 54 115 667 18% 49% T8% $Payable in preferred stock. given in the above table 1% 44y payments based on_the est quarterly or half-yearly declarations. Unless otherwise noted, extra er epecial are not included. 3244 | (Bales are in 5 Lib3%s. . Lib1st 4% s $1,000.) ales, High. 77 10116 10113 7 10119 101 16 10117 10218 Lib2d 4%4s. 382 100 27 100 23 100 27 Lib 3d 4%s. 379 10113 7019 10118 Lib 4 43¢ US4s1944. US4ys'se FOREIGN. Sales. Argentine5s...... 1 Argentine §s . 50 Argentine 6s B.... 63 Argentine 7s .16 Austrias........ 16 Bank of Japan 6s.. 26 Belgium 6s. .61 Belgium 61; 7 Belgium 7. 51 1 3 10 2 Bolivia 8s. .. Bordeaux 6s. . Bra: s .23 Brazil $s.... T Canada 551931.... 14 Canada 65 1952.... & Canada 55 1929. . Chile Ts1943. ..... Chile 85 1926. ... .. Chile 85 1941 Chile Rs 1948 . Christiania 8s. ... . Con Pow Japan 7s. Copenhagen 534s. . Cuba 514x. . Czecho 85 1951. Czecho 8= 1952 ct. . niish Munic $s A. Denmark 6s. i Denmark $s. 5 DEIG6%s Mch'52. DETI5%s Nov 5 Dutch East T s '47 Dutch E; T6s'62 Finland s f 6s°45. . Framerican 7%s French 7a w i French 71 French $s . German Ta wi .. Ger Gen Elec 7s. | Greek Tswi. ] OV Sulivnanabela ® - 833~a . .... 18 Holland-Amer 6s.. 4 Hungary fiis. Jergens UM 6547 Lyons6s. ... Marseille 6s. Montevideo 7« Netherlands 6s'54. etherlands fs orway 6s 1943, Norway §s........ Orlent Dev deb 6s. Paris-Ly’'s-Med 6s. Paris-Ly's-Med 7s. Paris Orleans 7 Poland 8s ‘50 w Prague 73s. .. Queensiand 6= Queensland 7= Rio de Jan 881945 Rin de Jan 881947, Rio Gr Do Sul $s. . Sao Paulo City fs. Sao Paulo State 8s. Seine Deptof 7s. .. Serbs Crot Slo 9. . Soissons 6s. ... Sweden 5135 ct weden 6s. . wiss 5135 1946 Swiss Confed 8s. Tokio 5s. . Ud Kingm Ud Kingm s Ud Steam Copen 6s Uruguay Ss. 1529, Ajax Rubber §s 2 Am AgrChem 7 Am Agr Chem 19 Am Chain sf s '33. Am Cotton Oil 5s. . Am Repub deb 6s. . Am Smlt & R st 5. AmSugrafés..... AmT& Teltrds.. |AmT&Teltrss AMT&Tsf5s... Am T & T deb 548 AmT& Tcv 6! . Am Water Wks 5¢. Anaconda 1st 6s... Anaconda ev db s Andes 7s 25% pd. Armour & Co 4%s. Armour Del 5% Barnsdall s f §s Bell Tel Pa 5s Beth Steel pm Beth Steel 5135 5 Beth Steel s f 63... Bklyn Ed gen 58 Brier H St 1st 5%s Bush T Bldg 55 ‘60 Bklyn Union G 5¢ Calif Pete 614s. ... Central Leather 5s Chile Copper 6s. Col Gas & El 58 Col Gs & Bl 5s sta. Commonwth P 6; Con Coal Md 1sf Con G NY 5125 wi Consumers Pow §s Cuba Canecv 7s... Cuba Cane cv d §s PR s © BoleiRanBauos Py ST Denver Gas &s son ref 65 Donner Steel . Du Pont de N 7158, Duq L& P 5%s 49, Duquesne Light §s Est Cuba Sug 7%s. Feder Metls 7s '39. Fisk Rubber 85 Francis Sug 7 Gen Elec deb 5s. Goodrich 615 Goodyear 851931, Goodyear 8s 1941 Hershey 65 1942... INinois Bell 18t 5s. Tilinois Steel 4 Indiana Steel 5s. .. Int Mer Marine és. Inter Paper 58’47, KCP & Lt 58A'52.. Kan G & Bl 6s°52.. slly-Spring § Kevstone Tele bs. Lackawa S 58’50, . Lacl G ref 5s'84. .. Laclede G 5%8'53. Lorillard (P) & Magma Cop oV 7s. Marland Ofl 89°31. Marland Oil 85 w. Midvale Steel 5s. Montana Pow 5s. .. Mor's&Co 1st 4%s. New Eng Tel 58. Y Ed 55 44 wi NY Eden 1st 6148, NYG EL H&P 4s... NYG BL H&P 55... Y Tel 4%s . N Y Tel 6s N Y Tel6s'49. .. North Am Ed 8s... North Am Ed 8%s. Nor Ohio T&L 6s. .. Nor States Pow bs. Nor States Pow 68. Otis Steel 713s.. Otis Steel 8 acific Gas & E168 3 Pacific T & T 65 '52 90 Pan-Amer Pete 65.427 Pan-Amer Pete7s. 1 Phila Cob% '38... 2 Phila Coref 6sA.. 28 Phila & Rdg C&T G 2 Plerce-Arrow 8s.. 18 Public Service 6s.. 20 Punta Alegre 7s... 2 aron Stl H 8&. Sinclair Oil 65. nclair Ol 6155, nelair O 7s. ... e e dnolinRanBoadan e ERaRe i edi oy P PRI PP -t LT T nC OPL6s"2 Sin Pipe Line 5 Skeily Oil 638 South Bell Tel 5: So Por Rico Sug Southwest Bell 5: Sug Est Orient 7 Tenn Elec Pow 6s. Tide Wat Oil $%s.; 16 . High. 8By 96% 96% 102% 6% 99% 6% 94 109% 107% 108% 9316 84w 8234 97 102% 108% 102% 100% 108 107 106% 110 904 9914 100% 1004 9815 94 95 9adse 101% 97 100% 954% 102 127 95'% 100% 102% 9814 874 93 105 100% 924 884 95 100 29 97 991 103% 100 Low. 88 96 96 102% 95% 9% 864 94 109% 107% 108% 93 84% 824% 964 102 103% 102% 100% 108 108% 1064 110 0% 96 98% 9% 29% 1101 100% 110 7% 7% 1004 100% 864 2% MISCELLANEOUS. 9515 100% 107% 1 101 100% 100% 874 101% 944 93 102 10815 9414 100 107% 9114 1074 104% 106 106% 102% 100% 1124 104 103 104 1091 1204 1087 984 94 102 891 96 106 94 98% 945 4% 112% 106% 96% 104% 10534 1 97 % 105% 102 108% 11% 8% a1y 99% 85 114 99% 101% 614 10127 10123 101 27 27 100 19 100 17 100 19 3 104 22 105 22 104 22 2:60. 834 964 984 10244 95% 29% 86% 94 109% 107% 108% 93 844 82% 96% 102 103% 102% 100% 103 106% 1064 110 9014 96 9874 99% 99% 110% 1004 110% 07% 7Y 100% 100% 85% 224 9% 994 102% 4% 087% 854 93ty 8214 89 1% 4% 841y 435 92 1021 103 8% 9074 2944 1104 /5% 96 98 105 94y 99 2% 95 1121 1054 96% 1043 101% o1 97 106% 106% 1% A78 My 100 85% 1le 100 102% 28% 27 101% 1 103% 103% 103% Toledo Edn 1st 7s. Union Bag & P 6s. United Drug 6s., U S Rub istrf5s.. U 8 Rubber T35 U S8teel s £ 55 Jtah Pow & Lt &s. Va-Car Chem 7, Va-Car Ch T4%s w. Warner Sug 78’39, Warner Sug 7s'41. West Elec 5s...... West'n Unfon 6%s Westinghouse 7s. . Wickwire Spen 7s . Willys-Ov 6%s'33. Wilson & Co 1st 65 Wilson & Co cv 6s. 19 Wileon&C cv 716, 14 Winchester A 7Ti4s 1 Youngstn S&T 6s. 3 b 8 6 37 3 - 106 3 42 10 [ 17 16 109% 945, 101 864 106% 105% 944 80% 494% 8245 96 98% 110 107% 87% 100 95% bt RAILROADS. Ann Arbor 4s. Atchison adj 4= Atchison gen 4s. . . Atlantic C L 1st 43 AtlanticC Ll 4s. . AtlanticC L7s... B & O Toledo 4s. .. Bklyn-Manhat 6s.. Canad North 6%s. Canad North 7s. Canad Pac deb 4s. Car Clinch & O 6s. Centof Ga 51s. ... Central Pacific 4s Ches & Ocv 4 Ches & Ocvhs. ... Ches& O gn 475, Chi & Alton 3%, Chi B&Q gn 45 '58. Chi B&Q 1st rf 5s. CR&Q-TI3%s. .. CB&Q-Tidivys.. 2 Chi&11gnbs.... 95 Chi Great West 45,152 CM& Puget Sd 4s. 8 CM&StP4s'25. . 439 CM&StPdb4s. .. 23 CM&StPevdles. 89 CM&StPgn 4148 CM&StPridts, cM t Peov5s CM&SP 6s. Chi & Chi & Chi Rys 5 ChiR Chi R ChiT Chi Woret s s S s N N & & Chi & Winden4s, 2 C&WI5%s'62... 35 CCC&StLats 1 CCC&StL3a..... 49 CCC&StLrf6sA. 3 Cleve Term 5s. . 7 C.&S. 18t 4 Colo & Sou 4 CubaRRSs...... Del & Hd 18t rf 4s. Del & Hud : Den & Rio G cn 4s. D& Rio G imp 5s. . D & Rio G Wet 6s. Det United 4 5 Erie 18t cons 4 Erie gen 4s. . Eria conv 4s D Erie con ext 7s. Erie & Jersey 65 Gr Trunk sf ab 6s. Grand Trunk 7s. .. Great North 5s. Gr North 5% e Gr North gen 7s... Green B & Wdb B. 36 Hud & Man ref 5s.. 17 Hud & Man aj6s.. Til Central ref 4s.. TiCentral5%s.... 7 111 C-C St L&NO 55 1 Int Rap Tran 5s... 36 Int Rap Tr 58 stpd.125 Int Rap Tran 6s... 20 Int Rap Tran 7s... 30 Int & G Nor 1st 6s. Int & G Noraj 6s. . Towa Cent rf 4s Towa Cent 1st 55 Kan City FtS4s.. Kansas City S5s. . Lake Shore 4s'28. . Lake Shore 4s'31. . Lehigh Val 68 2003 L Louis & N 58 B 1 Louis & Nuni4s... 18 Louis & Nash 5%s. 37 Manhat Ry cn ds. . Mil El Ry & L 58 5 M&StListrf4s..13 &Tlistds.... 18 & T adjbs....186 &TprinbsA 36 MK&TS6sC...... 25 Mo Pacific gen 4s. . Mo Pac 55 1926 Mo Pacific 5s Mo Pacific 8s. ... Montr] Tm 1st 6 Nassau E Ry 4s NOTex& M5sB.. 35 NOTex&Minbs.. 1 NO Tex & M 5ls. . NY Cengen3ls.. Y Centdeb 4s... Y Centriss Y Centdeb 6s. .. Y Chi & St L5%s 65 New Havcd 6s. New Haven 7s.... ew Haven 7s fr. Y, Ont. Ws 1st 4s. rf 4s ctfs. sadj5s ct Y State Ry 412s. Y W & Bos 4%s. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3s Northern Pac 4s Northern Pac 5s D. Northern Pacri 6s Ore & Calif 1st bs. . Ore Sht Licn 58 '46. Ore-Wash 1st rf 4s* Pennsyl con 4%s. Pennsyl gen 412 Pennsyl 53 '64. . Pennsly gen Pennsyl 63s... Pennsyl gold 7s. K K K Reading gn 414s. . Rio G West 1st 4s Rio G West cl 4s RIATk & Li%s. St L IM&S 45’29 St LIM&S R&G 4s. 21 StL&SFpldsA. 450 StL&SF prin b StL&SF5%sD.. 24 StL&STFadj6s. 8 StL& SFinces.. 21 StL&SFplésC.. 8 StLSWconds’'32. 9 StP & KCShL 4%s 9 San A & Arn P 4s. 101 Seab’d A L 4s sta. 1 Seab’d A Lirefds.. 11 Seab'd A Loadj 5s.. 28 Seab’'d A L con 6 4 Sou Pacific 48°29.. 16 Sou Pacific clt 4s.. 16 Sou Pacific ref 4 3 Southern Ry gn 4s. 46 Southern Ry 1st 58 § Southern Ry 6sct. 10 Southern Ry 63s.. 18 Texas & Pac 1st 5 "rl'hlrd Ave ref 45.. 500 hird Ave adj bs.. 17 TolStL&W4s... 2 Toledo Trac 6s. 2 Union Pac 1st 4s... 47 Union Pac istrf4s 8 Union Pac 4s'27 Union Pac cv 6s Virginia Ry 1st 6s. VaRy & P 1stbs.. ‘Wabash 2d 5s..... Western Md 4s. ... Western Pacific 5s. 11 Wheel & LEcnds. 1 West Shore 1st 4s. 2 ‘Wisconsin Cent 4s. 11 85% 5 90y 974 86 80 7% 101% 1064 109% 2_101 42% 109% 4% 101 86 108% 1054 94 86% 404 8214 94% 98% 110% 107% 87% 100 944 70% 71 102'% 8% 6543 884 89% 91% 874 106% 884 92 89 101 103% 1021 864 29% 68% 85% 118% 1164 79 107 100% 884 96% 104% 8914 97 8% 893 T6% 101 105% 109% 424% 84 8¢ 8¢ 1004 100% 100% 93 86% 99% 104 96% 9% 96 6545 3% 73 3% 81 8274 86l 8945 104 96% 954 96 654 924y 8 824 80% —_— NEW YORK, March 10.—Sales of Fairbanks, Morse & Co. are running 15 per cent ahead of last vear, al- though the first quarter is always the company’s Charles H. Morse, president, 2% 861 994 104 9615 5% 26 5% 9215 ke 8214 80% | of both March | though Liverpool w INWHEATVALUES| “BuLLISH Government Repor: of Stocks on Farms Starts Early Grain Advance. By the Associated Press CHICAGO, March 10.—Influenced by the United States Government's re- port on furm stocks of wheat, a ma- terial upturn in wheat values took place today as soon as business be- gan. In somso quarters the relative smallness of domestic supplies said to be indicated was referred to as sen- sational. On the rush of buying which ensued. the May delivery ad- vanced to 1.85%, but then offerings increased and gains failed to hold well. The opening, which varied from 4 to 1% = advance, with May 1.84% to 1.851%, and July, 1.63 to 1.641;, was followed by numerous changes within limits of about 11z Corn and oats were responsive to wheat strength. After opening at % off to } up, May, 1.28% to 1.29, the corn scored moderate general gains, but later reacted Oats started at 2 decline to 3 ad- vance, May 50 to 50%, and then showed « little more firmness. Provisions averaged somewhat higher in the absence of any aggres- sive selling WHEAT- Jar Close. LR LA0Y LA 16315 1.66% 1641 U2ty B0 1521 Open. Righ 1.30% ,. 13 OATE May July Nepte: September LARD— May 18.97 18.00 19.00 19.05 May July COTTON QUOTATIONS UNSETTLED TODAY Failure of Map to Show Rain Cause of Covering on New Crop Months. 19.1 18.20 the Associated Press NEW YORK, March 10. market opened steady today changed prices to a decline of By he cotton at { with near months relatively e result of liquidation promoted by lower Liverpool cables and circulation of March notices, estimated at 7,900 bales Failure of the weather map to show rain in the Southwest disappointed some of vesterday’s sellers and led to cover- ing in new crop months. The tone of the market, however, was rather unset- tled, May gelling off to 25.88 and Octo- ber to 2 lower. Private cables said the weakness of liquidation by spot houses, and there appeared to be some spot-house eelling and May in the local market New Orleans Prices. NEW ORBLEANS, La, March 10.— The cotton market opened steady, al- as hardly as good as st trades showed gains of 2 to and although prices eased off shade right after the first call, they soon began to edge upward, owing to the faiure of hoped-for rains to ma- t lize in the Western belt. May ded up to 26.00, July to 26.24 and October to 25.26, or 6 to § points above ¥ erday’'s close. Interest centered | mainly in the October position, owing to the growing importance of the new crop because of the drought. Washington Stock Exchange. | SALES. Gas Light—20 at 60, 10 at 60, 10 60. 10 at 60, 5 at 60, 10 at 603y, 10 at 60 10 at 60% Second National Bank—10 at 190. 10 at 160 Lanston Monotype—10 at 52%, 10 at 3. Mergenthaler Linotype—4 at 18415 AFTER CALL, Rwr. & Slec. 45—$1,000 at 80. Monotyps—10 at 83, 5 ar 8315 Rwy. & Elec. 3. & r. 6s '33—$1,000 11 loans, 5 aud 6 per cent. BONDS. PUBLIC UTILITY. Bid. Wash Asked Tel. & Telga. s 1. & Telga. 4 1. ctl. tr. Bs. & Tel. conv. 6s. & Poiomac s elephone b & P Telephone of apital Traction B. R. 3. City & Suburban Bs... .. Geargetown otomac - Potomac E Potomac Elec i Pot. Elec. Pow. g m_& ref Wash., Alex. & Mt. Ver. 5s Wash| Alex. & Wash ! Balt. & ington ington Ga Rwr. & 2 . Rwy. & Blec. Gen 68 MISCELLANEOUS, D. C. Paper 6s.. Pot. Joint Stock L' BK. 5s... Riggs realty 5s (long).... Riggs Realts 0s ( Southern Bidg. 6%s...... Wash. Market Cold Storage 5s man Park Hotel 8s. STOCKS. PUBLIC UTILITY & Telga...... M. Ver. ctl Auzap. Ss. aon Wa W . & Tlec. pfd. Terminal Tazi com.. Riggs Second IOREE R National Bank of Washington.. 2 TRUST COMPANY American Security & Trust.. Continental Trust 5 Merchants’ Bank... National Saviogs & Union Trust.. 4. Washington Loan & Trust.... . SAVINGS BANK. Commerce & Savings East Washington Security Beventh Stree United State Washington Mechanics'. FIRE INSURANCE. rust. . American . Corcoran Firemen's, National U TITLE INSURANOE. bia Title. S Bstate Ti MISCELLANEOUS. Merchants' Traoster & Storag: Mergenthaler Linotype. Natlonal Mtg. & Tnve 0ld Dutch Market com 0ld Duteh Market pfd Tanston Monotype. Security Storag Washington Market. Yellow Cab. 15 *Ex dividend. 11%% extra’ dividend. R s NEW YORK, March 10.—Net profi- its of the Ginter Co. for 1924 in- creased to $634,357, equal after pre- ferred dividends to $3.33 a share on poorest, according te|the common stock, compared with $538,228, or $2.72 a share, in 1923, i position of the |selling at 74 and today 5.48, or about 1 to 5 points net | 1 { upon Liverpool had been due to near-month | Ington ON1%% Stock Gains $3,000,000 in Marketability-—-Early Melon | Action Now Forecast. BY CHAS, P. SHAEFF Shareholders the Was Ruilwa) and Electric g their most prosperous Several months ago compromize between the ; electric 1y vear icable mpany an light consumers aut terminated Impoundage of plus fund which aggregated $5,000,000 which, under the comprom s 10 be divided equally betwe ity and fuel to consumers near future. But in the meantime been done with the company’ of this impoundage. matter never been discus board meet ings of the carrier, it has been said by directors. But early action h line is now anticipated the March meeting of the bo: most likely next month, th Wednesday in April Confidential and reliable so information, unearthed report the ing the dem aress, onsumers, will tter has only been e of the last Wednesda fund i undivided attentic st urbulent Cor Dividend Prospects. natter of per dividends, from on common stock thoroughiy thrashed out these meetings, and effort suitably reward common shareholdar for the lean vears suffered. The prok ble course of such action may be ar ticipated from casual remarks of board members, who declare a pay ment in full ed disbursements would onl Preferred stoc holders h a dividend 22 consec o wide of the two vorable act there beir share favor of 5 per cent i xclusive of probable tion, shareholders are congratulat themselves on an enhancement of most $3.000.000 i arketability the combined issues du the las year. On March 10 vear, the common was selling around 71 day 105 is bid for the issue, with none offered. The preferred last vear wal 5 ked to common share back dividends will ur ave a favo ed shares a Market continued sharp in a light volume of Washir Stock Exc Washington through the point to 60 on clo Mergenthaler was firr Lanston gained fractiona et n 1919 to June due to be made be et values suggests fa Reimbursement holders doubted] prefor Local Strong. Prices Gas stoc! session Ba 4 per Rai pany sold 80. These b preferred tional The extent of $1,00 selling gher, althoug ailwa) 1017 Hot Springs Approved. The District Banker: met yesyarday afternoon and proved %+ yecommendations of councks @ =éministration relative the emCaal convention. It will held at Po: Springs, Va., June 2 28, inctusive Personal Mention. William D. West, vice president the Citizens’ Saving k, has turned to the city after severa months in Cabs and Florida. UNFILLED STEEL ORDERS INCREASE Assoclated Press. NEW YORK. March orders of the United St poration on Februa today, totaled tons, crease of 247,448 tons compared with the end of the preceding month. DIVIDENDS DECLARED. NEW YORK. Mar quarterly dividend of $1.7 the preferred stock of tha Reming ton Noiseless Typewriter Corpora tion was declared today, payable Apr 15 to stock of record April 1 The Mohawk Vailey Co. declared a dividend of 3 per payable April 1, to holders of record March The company paid quarterly dividends of 2 per cent in 1921 and an extra dis bursement of 4 per at the close of the year Steel made publi an’ in share on cent DIVIDENDS COVERED. MONTREAL, March 10.—The Ca dian Pacific Railway has announced that the net revenue available for dividends for the vear 1924 from earn ings of the railway and of lake steamers was $22,656.955, and that aft er paying all dividends declared fo the year, a surplus of $463,614 mained. STEEL SCRAP ADVANCED. NEW YORK, March 10.—Hea melting steel scrap is quoted in tha Youngstown district at $19 a to an increase of 50 cents a ton. TREASURY CERTIFICATES. (Quotations furnished by Redmond & C 101 . 1001336 101 101 101% 1001 101 2932 41 4308 March 10129 1135 December 1 (Quotations furnished by W. B. Hibbe & ¢ zold value. London. pound Montreal. By the Associated Press. NEW YORK, March 10.—Foreign ex changes steady. Quotations in United States dollars: Great Britain, dema cables, 4.77; 60-day bills 4.73%. France, dema .051412; cables, .0515. Ttaly, demand 0409; cables, .0400%. Belgium, de mand, .0504; cables, .05043%. Germany .2380. Holland, .3990. Norway Sweden, . Denmark, -1790. zerland, .1923. Spain, .1418. .0149. Poland, .19%. Czechoslovakia, .02063%. Jugoslavia, .0160%. Austria, 000014%. Rumania, .0050%; Argen- ‘tina, .3955. Brazil, .1120. Tokio, .40%. Montreal, .99%.