Evening Star Newspaper, March 11, 1925, Page 26

26 ® VIRTUAL COLLAPSE INST. PAULSTOCAS . S. Steel and Several Specialties Get Better % Support Today. g BY STUART P. WEST. £pecial Dispatch to The Star. NEW YORK, March 11.—A virtual collapse in the preferred and com- mon stocks of the Chicago, Milwau- § and St. Paul Rallway Co. was 1Hp outstanding incident in the stock market today. The preferred, which had closed at| 20 on Tuesday and had sold as high as. 28% earlier in the year, broke under heavy trading. It got down, as did the common, to new low fig- ures. The junior stock had closed on_the preceding day at 11% and its 1925 top was 16%. In the break io@ay it was freely supplied, selling down nearly 10 points from its high of. the year. Reports Hurt Stock. Iall street was full of gossip re- garding the immediate future in the St .Paul situation and, needless to say. this gossip was of a decidedly un favorable nature. Although St. Paul stoeks and bonds broke badly the opfmion was that whatever lles|.2 akead for St. Paul finances has been quite fully discounted by the market sénerall. Accordingly operations for the rise In other directions were not affected by the selling in the St Pauls_or the rumors connected with it. Prices were lower from the outset, then a recovery set in. Western Rails Stronx. “The violent advance In Western Pa- eific to much the highest prices of the vear and the resumption of the advance in St. Louis Southwestern were features. The Western Pacific advance was based on expectations of a $5 dividend, which was regarded as a certainty. A number of other rafls were bid up moderately. Rall- Wiy stocks of the class of Atchison and New York Central moved up in face of the weakness In St. Pauls. Industrial leaders like United Steel common, American Can, lectric and the Pan Ameri- cans among the ofls turned about fol- Jowing the selling of Tuesday and early today, and received better sup- pert a good part of the time. Tt appeared that the recent selling imgvement In the general market had £0ne some distance in corvecting a weak taghnical condition, due to the excess of the previous advance Specialty Group Drops. On the other hand there was some rather sharp declines in the specialty group n instances where support was faeble and there seemed to be no basis for an extension of an advance already overdone. The announcement that the Rock Is- land had got control of the St. Louis- Southwestern explained the recent up- swing in the stock of the latter. Rock Tsland, according to Wall Street gossip, is= destined to become a part of the Southern Pacific system, but this report has never been confirmed. The state- ment of the chairman of the Rock Is- land company today had to do only with the acquisition of the St. Louis-South- western Wilson in New Break. A bad break occurred in the pre- ferred and common stocks of Wilson & Co., the sequel to Tuesday’s report that an assessment would be put on both issues in a projected reorgani- zation of the company's financial atf-| fairs. Tt was evident that holders of both issues were disposing of their| stocks at the market. A $15 assess- | mefit on the preferred ahd a 35 as-| sessment on the common stock are on | ther boards, according to the reports. | Considerable attention was at- tracted today to the heavy selling in & Tumber of stocks of the specialty | type such as Ludlum Steel, Savage Arms and Jordan Motor. The way thege stocks went down it appeared that effective support was lacking and thet tie recent operations for the rise hag been highly speculative. CLOSE IS8 UNSETTLED. Sti Paul Issues Feature of Last- Hour Trading. By the Associated Press. N NEW YORK, March 11—A sharp break in wheat prices and apprehension oer the St Paul situation caused heavy selling of stocks in today’s mar- ket, losses of 1 to 5 points being scat- terad throughout the list at the close. Ar—interval of strength around midday followed the announcement that the Rogk Island Railroad had acquired con- tré} of the St. Louis Southwestern and publication of reports that a $5 cash ent was to be made on Western Pacific stock. Total sales approximated 1,600,000 shares. The closing was irregular. Exten- sige liquidation of the St. Paul issues, which established record low prices in reflection of the growing speculative belfef that the railroad will be unable 10 take care of this vear's maturities without going through a reorganiza- tign, featured the late trading. Markets at a Glance I NEW YORK—Stocks lower; St. Pauls | at record lows. Bonds heav: . Paul 4s:of 1925 breal 1% points. Foreign ex- changes steady: sterling ruies just under 34577, Cotton reactionary liquida- { 1i6p. Sugar clined; easier THICAGO—Wheat weal ropean reports. Corn lowe ceipts. Cattle strong and deglined; slack demand. bearish Eu- ; larger re- tive. Hogs — SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Algminum Co. of Ame Amarican Sugar 0s 16: American Tel. & Tel Angconia Copper 65 1 Angle-American Ol Tigs 1925 Aszpelated Ol 6s 1955..... Baltimore & Ohio 65 1929. BED Tel. of Canada 5s Central of Georgia Gs 1 Cent. Leather 5s April 15, CBi,, MIl. & St. Paul 8s 1934. CBL. R. 1. & Pac. 5iss 1 CHy of Lyons 6s 1034... Colem. Gas & Elec. st by 1627, Cantineotal Gas & E b Huo) 9 Tiehigh Pow. Sec. Corp. Gs 1927, N, 8t P. &S S.M & Mbrris & Co. 7% 1630, New York Central 6s i Qion Siort Line. 4a, 16 Bepusylvania K. F il 5%6 Auz t & Co. 5» 19 Abitibi Pow (4). Adams Exp (6).. Adv Rumley. . Ad Rumley pf (3. Alr Reduct (15). Ajax Rubber Alaska Juneau Allted Chem (4). Allis Cialm (4) . Am Agricul Chm Am Beet Sug (4) Am Bosch Am Brk Shoe (5) Am Can (17). Am Can pf (7). Am Car & F (12) Am&F P 25%(7) Am Chaln A (2). Am Chicle. . | Am Chicle ctfs. Am Drug (60c). Am Express (6). Am & For Poy. . Am & Fr P pf (7) Am Hide & Lea. . Am Hide & L pt. AmIce (7)... Am Internatl. Am La Fran (1). Am Linseed Am Linseed pf.. Am Loco (118).. Am Metal (3).., Am Radiator (4) Am Safty Rz (3) Am Ship & Com. Am Sm & Ref (6) Am St] Fdys (3). Am Sugar. .. Am Sumatra. . Am Sumatra pf T & Tel (3).. Am Tobacco (7). Am Tobac B (T). Am Tobac pf (6) Am WW&EI 30c. AmW W pf (6). " Am W W st (7). Am Woolen. . Am Wool pf (7). Am Zinc. .. Am Zine pf. Anaconda (3 Arch-Dan pf (7). Art Metal (1)... Armour Del (7) AssoDry G (5).. Asso D G 2d (7). Asso Ofl (13).. AtT&SFe (7). Atl Birm & At. .. At CoastL (19). AtGulf& W1 At Gulf & W Atlantic Refin. Atlas Pack. Austin Auto Knitter FaldwinL (7). .. Bald Loco pf (7). Bal & Ohto (6).. Bang & Ar pf (7) Barnsdall A.... Beech Nut (13).. Bethleheny Steel Eeth St1 pf (7).. Beth St pf (3) Booth Fisherles. Briggs Mfg(3%4) Bkl Edison (8) .. Bkl-Man Tran. . Bkl-Man T pt (6] Bkl Union G (4). Brown Bruns-Ralk(30c) Burns Bro (10) Burns Br B (2).. Brunswick Term Bur Add Ma (3). Bush Term (5). . Futte Cop (50c). Butte & Su (50) Butterick Co. Caddo Central. Cal Packing(6). Cal Pete (1%)... Calif Pet pf (7).. 111% 111% 111% Callahan Zinc. Calu & Ariz (2).. Calumet & H (1) Can Pacific (10). Case Thresh pf.. Case Threshing. Cent Leather. .. Cent Leather pf. Century Rib (2). Cero d Pasco (4] Certain-Teed. .. Certain-T 2d (7) Chand Mot (3).. Ches & Ohio (4). Chi & Alton. . Chi & Alton pf.. Chi & East Ill. Chi & Est Il pf. Chi Great West. Chi Gr West pf Chi Mil & St P. Chi Mil & SP pf. Chi & Nwn (4).. Chi & Nw pf (T). Chi Pneu T (5) Chi RI& Pac CRI&PDPL(6). CRI&PDI (D). Chile Cop (2%) . Chino Copper. Coca-Cola (7)... Colo Fuel & Iron Colo Southern. .. Col G & E (2.60). ColG& Epf (7). Col Carbon {4) Com Solv A (4).. Com Solv B Congol-Nrn (3). Consol Cigar Con Clgar pt Con Distributrs. Consol Gas (5) Consol Textile Cont Can (4). ... Cont Can pf (7). Cont Insur (6).. Cont Mot (80¢) Corn Prod (2). Cosden Co. ... Crucible Stl (4). Crucible pf (7). . Cub Am Sug (3) . Cuban Amp~ (7) Cuban Cane Sug. Cub Cane Su pf.. Cuba Dominican Cuyamel Fr (4). Danlel Boone. Davison Chem Deere pe (3). Del & Hud (9) . Del L&Wn (+7). Detroit Ed (8).. D&RG Wstpf. Dome Mines (2). Doug Pectin (1). Dupont (10). DuPont deb ( Eastman (18). Eaton Axle. .. Elec St Bat (15) . End-John (5). Erie Erie 1st pf. . Fairbks (2.60) Famous P1 (8) Famous pf (8) Fed Mines pf (1) Fid Phoenix (8). Fifth Ave (84c). Fisher Body (5). Fisk Rubber Fleischmann (4) Foundation (8).. Foundation Tt Freeport-Texas. Gardner Motor. . Gen Asphalt. . Gen Asph pf (5). Gen Baking (6). Gen Cigar (8)... Gen Electric (8) Gen Motors (§) . Gen Mot pf (7).. Gen Petrol (2).. Gimbel Bros. ... Ginter Co (1%) . FINANCIAL. H NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Oper. 66 97 51 12 86% 81% 16% 39 364 99% 176 110% 221 124 24% 46% 43 6 147 30% o1% 124 0% 8% 86 124 24 58% 189 9% 05 544 of. Nichols. hoe (4). 103 3% 15 147% 60 27 17% 56% 44 50 44% 85 83 4% 8% 15% 34 49 12% 27% 11% 20% 66% 116 83 48% 874 96 34% 23 80%% 42% 66% 54% 106% 47% 140 140 89% 28% 85% % To% 3% €3 114% 110% 9 39% 81 T4% 95% 31% 994 13% 658% % 68% 3 424 814 . 141 117% 42% 15% 14% . 145 9% 110% 13% 6% 124 81% 7% 101% 1% 8% R 1st (1) 84 122 4% B4 50 26% 16% 100% 19 High. 66 97 16% 52 102 12 1% 874 82% 17% 336% Low. 66 97 15% Bl 100% 1% 1% 86% 80% 16% 89% 29 175% 4 119% 6 146 1% 108 8% 16 147% 60 27 18 574 44 50 4% 85 88 94% 9% 16% 34 49 12% 28% 11% 20% 67% 118 83 b1 87% 96 24% 28% 0% 43 56% 56% 106 47% 1444 142% 39% 28% 87% % 6% 3% 63% 111% 110% 9% 89% 81% 75% 86% 31% 994 91% 141 118% 417 16% 14% 146 9% 111% 14 65 68 3% a% 3% 97% 108 50% 157 14 62% 12% 811 7% 1024 1% 8% 94 122 96 55 60 27% 219% 123 24% 45 43 504 01% 124 70 87% 36 12% 24% 58% 138% 48% 95 Sl 11% 964 50% 63% 14% 37% 86 86 Close. 66 97 154 522 100% 11% 1% 86% 2% 17% 89% 864 99 177% 119% 228 123 24% 45% 43% 6 147 301 914 12% 0% 874 364 124 24% 594 141% 9% 95 57 11% 96% 50" 64% 14 37% 185% 864 86% 105 36% 101 102 48% 88 8% 29 40% 96 15% 94 174% 102 36% 1224 6% 1569 31% 39% 109 10% 27% 2% i 135% 1% 108 30% 81% 80% 8% Bl% 61% B51% 15 147% 60 27 1% 56% 424 48% 44 85 82% 4% 8% 15% 28% 49 12% 27% 8 16 66% 116 82 48% 87 96 834 28 90 4z 564 54% 105% 47% 140 134 B34 27% 85% 7 6% 3% €3 114% 110% 9 39% 81 3% 954 81% 99% 134 58% 5% 63% 3 a@2u 9114 140% 1364 136'% 136% 117% 42% 15% 14% 142% 9% 110% 18% 64%i 67% 31% 41 35% 9614 107% 49% 167 14 62% 12 81% 7% 101 1% 8% 18% 145 134 54% _ 55% _ b4 -9 122 94% 259 265 269 2% T2% 11% 107% 107% 107k 53% 49% 26% 114 8134 94 664 45 | Homestaxe (7). House P (13%3). Houston OIl. . Hudson Man. ... Hud Man pf (6) . Hudson Mot (3) . Hupp Mot (1). Tilinots Cent (7). Independ Ol (1) Indian Motorey . Indian Refining. Iniand Stl (2%). Inspiration Cop. Interb Rap Tr. .. Internat Agri. .. Int Bus Mac (8). Int Com Eng (2) Internat Har (5) Int Mer Marine.. Int Mer Mar pf.. Int Nickel. Int Paper. Int Ry Cel 2 Int Tel & Tel (6) Int Tel & Tel rts Iron Prod (n)... Jewel Tea Jones Eros Tea. Jordan Mot (3). Kan City South. Kayser (Julius). Kelly-Spring. Kennecott (3) Keystone T & R. Kresge Dep Str. Laclede Gas (8). Lee Rub & Tire. Lehigh Val (31) Liggett & M(H4). Lig & My B (14) . Lig & Myrs rats. Lima Loco (4). . Loews Ine (2)... Long Bell A (1). Loose-Wiles . Lorrillard (3). Louisiana Oil. Louls & Nsh (6). Ludlum (2) Meintyre (1). Mack Treks (6). Macy HR & Co.. Magma Copper. . Mallinson & Co. . Manati (5)...... Manati pf (7). Man El Sup (4).. Man El md(3%). Man Elev gt4. Man Shirt (1%). Manila Electric. Maracaibo Oil Market Street Marland Oil..... Mar-Rock (26c) . Martin-Pry (4). Martin-Pry rts.. Mathieson Alka. Maxwell Mot A.. Maxwell Mot B. May Dept St (5). Metro G pf (1.89) Mexican Seabd. . Miami Cop (2) Middle States. . . MidInd Pr pf (8). Minn & St Louls. Mis Kan & Tex. . MK&Tpf(5).. Missouri Pacffic. Missouri Pac pf. Montgom Ward. Moon Mot (3). .. Mother Lode Toc Mullins Body. .. Mullins B pf (8). Murray (2.40). Nat Biscuit (+4). t Biscu pf (7). Nat Cloak & Suii Nat Dalry (3). t Dpt Stores. . at Distillers pf. at Enamel & S. t Enam p? ( Nat Lead (8) evada Copper. . NOT&M (T) Nwpt U Gas (5). N'Y Canners (2). N Y Central (7). Y C&StL (6).. NYC&StL pf (). N Y Dook....... Y Dock pf (5). NH & Hart. . NYO& Westn.. Norfolk South Norf & W (18) North Am (3.40) North Am pf (3). North Pac (5) Orpheum (1.80). Otis Elev (15%) . Otis Steel....... Owens Bot (3). . Pac Coast 2d pf. Paclfic Oil (2).. Paciflc Tel rits.. Packard (11%) . Packard pf (7). Pan-Amer (6).. Pan-Amer B (6) Panhandle. ... Park & Tilford. Penn C & Cke. .. Pennsy RR (3). Penn Seab Steel. Peoples Gas (8) . Pere M prior (5) PhlaCo (4).-.... Phia Co pf (3) Phila& RC&1. Phillip Morris. . Phillips Pet (2). Plerce-Arrow. .. Plerce-Arrow pf Plerce Oil. Pierce Oil pf. Pierce Petrol. Pitts Coal.. Pitts Coal pf (6). Pitts Term Coal. Pitts Ut pe 11.20. Pitts Ut ctfs 1.20 Pitts & West V Postum-Cer (4). Press Steel Car. PrStCarpt (7). Prod & Refiners. Pub Ser NJ (5) . Pub Serv rts (n) Pub S EIpf (7).. Pullman Co (8) . Punta Al Su (5). Pure Oll (13%).. Radio Corp of A. Radlo C pf (3%) Ry St1Spg (3).. Ray Cons Cop Reading (4) Reading rt! Reading 1st Reading 2d (2)... Remington Type Replogle Steel. . Rep Ir & Steel. . 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. StLSwn pf (5). Savage Arms. .. Schulte (*8).... Seaboard Air L Seabd Air Lpf. . Sears-Roebk (6) Shattuck-Ariz. . Shell Un (1.40). Simmons Co (2). Simms Pet (50¢) inclair Ofl. . kelly Oil. . Sloss-Sheft (8)... South Pac (6)... Southern Ry (5) | South Ry pf (5). | Spicer Mfg. ... Std Gas & Bi (3) Open. High. 4“4 186 6% 234 65 424 16 1i5 30% 15 Th 45% 27 241 10% 118% 40% 104 1% 43 264 48% 18Y3 90% 8% 88 19% 18% 60 35 21% 16 bl 2% 35% 155 1214 76 601 60 8% 665% 23 464% 90K 854 19% 112% 39 174 136% 74 8% 275 50% 82 58% 484 81 26 294 29 7% 4 11% 813 Y 64 87 55% 106 19% 15 10% 14 101, 3 364 8244 36% 784 46% 24% 7% 18 521 41% 6744 124 €54 464 41% 6344 3413 84 . 167% % 2% 4% 14 - 116% 534 33 119% 132 915 26% 68 24 24% 244 126 46% 4% 68% 28 924 9% 45% 474 59% % 18% 108 7% 7% 43 81% 17 6% 2 115 82 4% 47 454 13% 41% 12% 4ok 44 85 ki 23% 65 425 15 116% 1% 15 % 45% 217 25% 10% 118% 41% 104 1% 43% 26% 49% 18% 0% 81 464 4 % 16 8244 414 68 124 [ 46% 424 65Y% 844 84 158 4% <% 644 14 118% 58% Low. Close. 44 35 6% 23% 65 41% 14% 115 30% 15 T 46% 26% 2412 9% 1184 39% 108% 11% 43t 26 48% 18% 90% 3% 88 18% 1% 49% 85% 21% 15 49% 2% 36 156 124 5% 60 60 81 19% 15 10% 114 101 3 864 82k 36% 8 454 24% 7% 16 82t 41 674 123% 654 454% 41% €54 34% 84 166% % 24 64 " 116% 58% 83% 4 33% 120% 132 1% 26% 58 3% 25 24% 127 46% o 119% 132 »l 264 58 824 23% 24% 1264% 45% 4% 68 28 2% 9% 45 47% 58% % 18% 108 76% 6 4" 85 1 23% 66 42% 14% 116% 807% 16 % 455 261y 25 914 118% 40% 103% 11% 43% 264 49 18% 90% 3% 88 18% 17% 5l% 36 214 15% 50% 21 35 156 12% 64 0% 60 815 68% i E EVENING STAR, WASHINGTON, D. C, N ST. PAUL BONDS Reactionary Tendencies Also Noted in Other Parts of List Today. BY GEORGE . HUGHES. Special Dispatch to The Btar. EW YORK, March 11.—Acute weakness, amounting almost to col- lapse. in the St. Paul group was the feature of today's bond market. The 4s of 1925, the issue that matures on June 1 next, and over the refund- ing &f which there has been so much uncertainty, opened today at 62%, and within an hour or so were selling be- low 58, a new low record for all time. Market Nearly Demoralized. At times the market for these bonds appeared demoralized. The refunding 415, which is the long-term issue, secured under the same mortgage, also broke badly, getting down be- low 49 at about the same time the short-term issue was making its new low. The other St. Paul bonds were all weak, even the general mortgage obligations seliing off with the rest. No announcement was forthcoming from the St. Paul bankers, but the Street was full of surmise Detroit Liens Break. Next to the St. Paul episode the event of the day in bonds was the break in Detroit United 414s on an- nouncement of the receivership. Not- withstanding that under court dir tion all payments of interest and sinking funds are to be made on out- standing bonds quotations declined sharply for the 4%s, which are listed on the exchange and the 6 per cent notes of 1929, which are dealt In over the counter. At one time the 418 were down more than 5 polnts from Tuesday's close. The initial de- clines, however, were followed by ubstantial rallfes. Oil Issues Improv: In the remainder of the list specu- lative rails generally showed a little better tone than the day before In sympathy with stocks. Among the industrials the convertible ofl issues were in better demand. Foreign bonds were practically unchanged. The principal new issues of the day was $23,500,000 Oklahoma Gas and Elec- tric 53 offered to yield 5.36 per cent. PENNSY’S HEAD READY TO FIGHT RAIL MERGER By the Associated Pre NEW YORK, March 11L—Wall Street's interest in the position the Pennsylvania Railroad will take to- ward the proposed consolidation of the Eastern roads has been revived by the return of President Samuel Rea from a trip to the South. He is expected to speak shortly for Phil- adelphia interests opposed to the Reading and the Jersey Central be- ing joined with the Baltimore & Ohio, which {s one of the main provisions of the proposed plan. ROCK ISLAND CONTROLS COTTON BELT RAILROAD By the Associated Press. NEW YORK, March 11.—Control of the St. Louls Southwestern Railway Co. has been acquired by the Chicago, Rock Island and Pacific Railway Co., Charles Hayden, chairman of the Rock Island, announced today. Acquisition of the Cotton Belt sys- tem, Mr. Hayden said, had been ac- complished by the Rock Island and interests friendly to the road ob- taining a dominant interest in the stock of the St. Louls Southwestern company. OIL COMPANY EXPANDS NEW YORK, March 11.—Pure Oil Co. is understood to have acquired a controlling interest in the Wofford Oll Co. of Georgia, one of the three chief marketers in that territory, which will enable Pure Oil to market its own products in that Stage. Wofford Oil has bulk plants and service sta- tions in Atlanta, Macon, Rome and Columbus. PIG IRON CHEAPER. NEW YORK, March 11.—The Iron Age composite pig iron price is $22.13 per gross ton, compared with $22.25 last week and $22.50 two weeks ago. Finished steel was unchanged from last week at 2.546 cents per pound. I, Tennessee Cop.. S% Texas Co (3).... 46% Tex G Sul (17%) 107% Tex & Pacific... 514 Tex & PacC&O 18 Tide Wat Oil (4) 140 Timken (13%).. 40% Tobac Prod (6).. 764 Tobc Pra A (7).. 98% Transcont Oil 4 Twin City (4). Underwood (3).. Un Bag & Paper. Union Ofl....... % Unton Oil (1.80). 39% Un Pacific (10).. 147% Un Pacific pf (4) 74% Utd Alloy Steel. 30% Utd Cigar (13%) 734w United Drug (6) 116% Utd Fruit (10).. 211 Utd Ry Invest... 20% Utd Ry Inves pf. 52% U S Cast Iron P.” 219 U S Distributing 30% USHoft 2).... 28% U SIndAlcohol. 81% U S Realty (8).. 122 U S Rubber. . 40% U S Rub st (8).. 95% U S Smelting. 32% U S Steel (17) 122% U S Steel pf (7). 128% U S Tobacco (3). 52% Unlversal Pipe.. 41 Univer Ppf (7). 82% Utah Copper (4). 864 Utah Securities. 57% Vanadium. .. 27 va-Caro Chpf.. 11 Va Ry & Power. 9% 244% 62% 16% 19 40 8% $2% 105% 116% 14% 20% 88% 93% 120% 105 1% 20% 4% 27 28 634 5 8ly 8% 46% 2% 18% 141 40 6% 8% 4% 64 38% 40% % 3934 147 4% 31 73% 116 211 19% 52% 218% 33% 23% 814 123 40 95% 82 128% 123% 2% 39% 83 86W 59% 27 10% 9% 24% 634 16% 119 40% 98% 52% 106 116% 14% 21 56 99% 120 105 1% 20% 14 26% 27% 63 5% 8% 38% 4 624 16% 119 40 98% 5214 105% 116% 14% 20% 38 93% 119% 108 1% 20% 18% 26% 2714 € % 8% Waldort (1% Vrard Baking A. Ward Baking B. Ward Bak pf (1) Weber (4)...... West Pen (4). West Ele pf (7). West Maryland. West Md 2d pf. Western Pacific. West Pac pf (6). West Union (7). West Air Br (6). Westinghse (4). Weston Elec A.. Wheel & L Erie. Wheel & L E pf. White Eagle (2) White Mot (4).. Wickwire Spen. Wilson & Co. Lib3%s.... Lib 1at 4; Lib 1st 4%n Lib3d 4%s Lib 4 4%s. US4s1944. US4¥ss2. Argentine 68 A. ... Argentine s B Argentine 7 Austria 7s Bank of Japan 6s. Belgium 6s....... Belgium 68 wi.. | Belgium 7¥%s. .. Bollvia 8s. Bordeaux 6s Brazil 7s. Brazil 1%s. Brazil 8s. Canada 58 1926 Canada 5s 1931 Canada 5 1552.. .. Canada 5'%s 1929.. Chile751943...... Chile 85 1041 Chile 85 194 Chinese Gov Ry 5% Con Pow Japan 7s. Copenhagen 5%s.. Cuba 5%s......... Czecho 8s 1951 . Czecho 8s 1952 ct. . Danfsh Munic 85 A Danish Muntc $3 B Denmark 6s. ... Denmark 8s G DEI5%s Mch '33. D E 1536 Nov'53 Dutch East 1 6847 Dutch East T 6562 El Salvador 3s " Finland s £ 68 45.. Framerican 7%s. . French 7s. . French 7%38. French §s German 7. 58 Ger Gen Eléc Ts... Greek Ts. Haitl 6s. . Holland-Amer 6s. . Hungary 6%s. Japanese 4s. % Japanese 6%38. .. .. Jergens U M 6847 Lyons 6s..... Marsellle 6& Montevideo 7s. . Netherlands 63 '54. Netherlands 6s'72. Norway 6s 1943. .. orway 6s 1944. Norway 6s 1952. Norway 8s s Orient Dev deb 6s. Paris-Ly’'s-Med 6s. Paris-Ly’s-Med Ts. Paris Orleans 7s. . Poland 8’50 wi Prague 7%s. . Queensland 6s.... Rio de Jan 85 1947. Rio Gr Do Sul 8s. . Sao Paulo City §s. Sao Paulo State §s Seine Deptof 7s... Serbs Crot Slo 8s. . Soissone 6s Sweden 5348 ct. Sweden 6s. Swiss 53 Swiss Conted 85 Toklo 53. G Ud Kingm 5%s '29. Ud Kingm 535 '37 Ud Steam Copen 6s Uruguay 8s....... Zurich 8s 42 k4 8 Ajax Rubber8s... 2 Am Agr Chem 73%s 29 Am Chain sf 65°33. 9 Am Cotton Oil 5: 2 Am Smit & R 1st 52 15 AmSugrefés..... 3 AmT&Tcltris.. 6 AmT&Tecltr5s.. i1 AmT&Tsfbs... 30 AmT& Tdeb5izs 13 AmT&Tcv6s.... Am Water Wks s Am Writ Paper 6s. Anaconda 1st 6s Anaconda cv db Andes 7s 25% pd Armour & Co 445, Armour Del 5%s. . Assoclated Oll 6s. . Atlantic Refin 5s. . Bell Tel Pa 5s. Betr Steel pm bs. . Beth Steel If 53... Beth Steel 5%5°53. Beth Steel s { 6 Brier HSt 1st 5%s. Bklyn Ed gen 5s. . Bush T Bldg 58°'60. Calif Pete 634s. ... Chile Copper 6s. .. Cin GE5%s8'62. Col Gas & E15s. ... ColGs & El5s sta. Commonwth P 6s.. 11 Con Coal Md 1st5s 6 Con G NY 5%s wi. 196 Consumers Pow 65 9 Cuba CanecvTs... 6 Cuba Canecvds$s. 19 Cuban Am Sue 8s. Denver Gas bs. . . Det Edison 53'40. . Det Edison ref 6s Donner Steel 7s. . . Du Pontde N7%s. Est Cuba Sug 7%s Emplre G&F 73%s. Fisk Rubber 8s.. Francis Sug 7 . Gen Elecdeb 5s Goodrich 6. Goodyear 8s 1831. Goodyear 85 1941, Hershey 65 1942 Humble O&R 5%s. 1llinois Bell 1st 55. Tilinois Steel 414s. Indiana Steel 55. Int Mer Marine Inter Paper s '47. K C P& Lt 5sA'52. Kan G & El 65 '52 Kelly-Spring 83. Lacl G ref 5834 Laclede G 5%s5°53. Liggett & Myrs 7, Magma Cop cv 7s.. Manati Sug sf 733 Marland Oil 8s "31. Marland Ofl 8s w. . Midvale Steel 52. Montana Pow 5s. . Mors&Co 1st 433 New Eng Tel 58 NY Ed 58’44 wi. N Y Edenlst 6145 NYG EL H&P 4 NYG EL H&P 5s. N Y Tel 4% N Y Tel fis '41. N Y Tel 65'49. North Am Ed North Am Ed 6%s. Nor Ohio T&L 6s. Nor Stateg Pow b Nor States Pow 6 Otis Steel Tt43. Otis Steel 83 Pacific Gas & El58 T&TSs'52% Pas-Amor Pete 65.394 Pan-Amer Pete 7s. 7 Phila Co 5%s'38. Phila Co ref 68 A Phila & Rd C&I 5: Plerce-Arrow 8s. Public Service 65 Tunta Alegre 5. Saks & Co 8f T Sharon Stl H 8s e e - LT -T T P CT Sl T P e Sen 13 84 - © auSadtan 101 101 101 101 101 100 261 6% 102% 102% 956% 20% 86% 94 109% 107% 107% 108% 108% 934 MISCELLANEOUS. 993 100% 98% 93% 6% 102 97 100% 954 102 126 4 100 119% 121 101% 105% 127% Low. 2:50. 8 10213 1 18 101 18 100 23 100 23 11 10116 24 10124 18 100 18 105 28 104 23 2:30. 9644 H6% 1022 95% 99% 86% 98% 109% 107% 1085 98Y% 964 ‘96 6% 290% 864 93% 109% 23 1009 88% by 86 2914 1034 101% 4% 67 bk 106 4% 108% 109% 9515 100 9844 93 9614 102 964 1004 95 101% 126 95's 49 1004 101% 97% 87 92% 1024 994, 100% o2 96% 7% 94% 99 29% 964 1034 106% 1024 100 100% 874 101% 94 97% 1013 108% 99% 119 121 101% 105% 127% 90% S90% 99% 834 1004 100 114% 86% 10135 96% 106% 105% 100% 103% 93% 96 105 4 98% 94% 94% 13 108 97 104'5 0t 93% 97 106 106% 106% 99% 834 100 100 114% 8644 101% 96% 106% 108 100% 103% 95% 954 106 94 8% 94y 4% 111% 108% 96% 104% 100% 91 96% 104% 106% 106% 94 96K 105 108% 106% WEDNESDAY, MARCH 11, U S Rubber 7%s U S Smelter 6s. ... USSteels fbs.... Utah Pow & Lt bs. Va-Car Chem 7s Vertientes Sug 7s. Warner Sug 7539 Warner Sug 7s '41. West Elec 6s...... 28 West'n Union 6%s 4 Westinghouse 7s.. 5 Willys-Ov 6%s'33. 1 Wilson & Co 1st 6s. 13 Wilson & Co cv 6s.128 Wilson&C cv 7%s. 56 Youngstn S&T 6s.. 27 4 5 17 12 28 Ann Arbords..... Atchison adj 4s. Atchison gen 4s. Atlantic C Lel 4 Atlan CL 4% '64. 26 8 .24 15 1 . 38 . 49 . 40 . 50 .10 11 OPLEWV 4s.. 13 B&OToledods... 3 Bklyn-Manhat 6s. 63 Buff R & Pitt 413s. Canad North 6%s. Canad North Ts. .. Canad Pac deb 4s. Car Clinch & O 6s Centof Ga5Ys. . Cent of Ga 6s. Central Pacific 4s Ches & O cvdigs. . Ches & O gn 4%3s. . Ches & Ocv 5s.... Chi & Alton 31;s. . CB&Q-Ill 3%s. .. CB& Q-Oll div4s. Chi& ETgn : Chi GreatWes: CM & Puget Sd 4s A 54 ~ 2 Ll a & 5 2 StPdb4s.. 111 tPcv4%s.308 Pgn 4%s. 67 St Prf 4143 208 Qaacaaaaa PERRRREZR pRERR wmmnLn Qq -4 EEEEL IS 4. .. Chi& W Ind cn 4s. C&WI5%s'62 CCC&StL4%s CCC &St LG Cleve/Term b Cleve Term 51;s. C &S 1ist48°29. Colo & Sou 4345 CubaRRés... Cuba RR 73s. Del & Hd 1st rt Del Hud cv 58 '35 Del & Hnd 5%s. D & Rio G Wst 5s. Det United 41s. Erie 1st cons s Eriegen 4s.... Erle conv 4sB. .. Erle Genessee R 68 Erie con ext Ts. . Gr Trunk sf db 6s. Grand Trunk 7s. Great North 5s. . Gr North 513s. Gr North gen 7s. Green B & W db Havana ERL&P 5¢ Hud & Man ref 5s. Hud & Man aj5s.. 33 1l Central 514s.... | 111 C-C St L&NO 55 24 Int Rap Tran s. Int Rap Tr 55 stpd. Int Rap Tran7s... Int & G Nor 1st 6s. Int & G Nor aj 6s. Iowa Cent rf 4s. . Towa Cent 1st 5s.. Xan City Ft S 4s. . Kansas City S 3s. Kansas City S 5 Kan Cy Term ds. Lake Shore 43 °25.. 10 Lake Shore 48 '31. . 10 Lehigh Val 5 2003 10 Louis& N uni4s... 4 Louis & Nash 5%s. 1 Louls & Nash Ts. Manhat Ry cn 4s. Mil El Ry & L 3s. M & St Li1st rf 4s M StP & SSM cn 4s. 10 o - o o ST ST EY- S O 1 34 10 15 .22 2 3 10 1 & SSM 6. 1st 4s. 2. b T adj 6s. TprinssA. 83 Mo Pacific gen 4s Mo Pac 5s 1926 Mo Pacific 58 Mo Pacifio 6s. Montr] Tm 1st 53 NOT&MG5%s. . NYCengen3is, . N Y Centcn 4598, NYCentrifs.... N Y Cent deb 6s. .. NYC&StLdb ts. NY Chi& St L5 New Hav d 4s '57. New Haved6s. . New Haven 7s.... New Haven 7s fr. NY, Ont W lst4s.. 10 NY Rysadjssct.. 1 NY W & Bos 43%s..130 Norfolk & Wcn 4s. b Norfolk & W cv §s. 1 Northern Pac 3s. Northern Pac 4s. Northern Pacss D. Northern Pacri 6s Ore Short L ref 4s. Ore-Wash 1st rf 4g Pennsyl con 43%s. . Pennsyl gen 41;s Pennsyl 55 '64. Pennsyl gen bs. . Pennsyl 6%s. Pennsyl gold 7s. Pere Marq 1st 5 Por RL& P 6s'47. Reading gen 4%s. RIATk & L4lss.. 20 St LIM&S 45°29... St L IM&S R&G 4s. 26 StL&SFplisA..118 StL&SFprinbs. 11 StL&SF5%sD.. 10 StL&SFadj6s.. 33 StL&SFincés... 44 StL&SFplésC.. 26 StLS Wcon4s'32 6 StP& KCShL 4%s 2 StPUnDepbs.... 7 San A & Arn P 4s..101 Seab'd A Lref ds.. 15 Seab'd A Ladj 5s.. 24 Seab'd A Lcon 6s. . 24 Sou Pacific 4s'29.. 13 Sou Pacificclt4s.. 3 Sou Paclfic ref 4s. . 11 Southern Ry gn 4s. 28 Southern Ry 1st6s 5 Southern Ry 6s ct. 17 Southern Ry 63s. Term Asso St L 4s. Third Ave ref 4 Third Ave adj s TolStL& W is Union Pac1st 4s. .. Union Pac 1st rf 4s Union Pac 4s’27.. Union Paccv 6s... Virginia Ry 1st 5s. VaRy &P 1st 55 Wabash 1st5s.... Wabash 2d 5s. { Western Md 4s... . Western Pacific 55 Whel & LE rf 435 Wisconsin Cent 4s. - 8~ ’ ~ConaRtenasan 1925. QUOTATIONS DROP | Coxev ves_ BONDS srocx sxcumvr] Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Bales sre in $1,000.) Sales. High. 88 101 16 110116 3 10122 Lib 2d 43(s. 153 100 27 65 101 16 615 10127 14 10019 2 10427 FOREIGN, Hales. High. Low. High. 108% 101 106% 4% 87 24 821 94 9813 110% 107% 100% o5 72 2% 8% MAILROADS. 66'% 83% 89% 87 ¢ 9% 88% 92% 89% 101% 108% 102% 8614 691 864 86% 118% 116% 9% 107 101 104 834 96% 29% 104% 5244 83% 92 6% 625 574 62% 62% 564 9% 61% 564 98% 854 101 112% 85% 88 864 76 100% 116% 79 9T% 97% 9614 100 105% 9814 93 874 103 8974 103% 102% Low. 108% 101 106 244 88 94 82 94 98 110% 107% 100% 4% 70% kil 98 65 83% 89% 80% 91k 88% 92 89% 101 108% 1024 864 68% 85 85% 178% 116% 9% 107 101 104 884 96% 29% 104% 524 83% 92 76% 617 55 534 49% 52 % 4% 51 974 844 101 11214 854 884 86% 6% 100% 1164% 8% 974 97% 5% 9%, 106% 9815 9204 8744 103 89'% 1084 102% 58% 23 0% 541 65% 104 108% 1074% 116% 94 100% 110 15% 864 86l ! £7% 71 103 8% 8% 674% 91% 104% 71 23% 58 84 1% 89 844 9814 96% 9974 93% 106% s 106% 8115 10234 8815 82% 1014 84 86% 75 897 97 85% 90 ke 101% 65 937 62 87% 23% 88 87 104 80% 4% 84ty 91% ~ 103% 644 100% 88 101 96% 92 1004 T4 8415 100% 1124 93% 95 581 9915 100 683 5 6314 891 1275 61 8 975 10734 96% 81% 9515 o415 973 103 110% 109 984 97 935 87 9414 8655 5 £8% 975 874 80% 102% 88% 8254 101% 83% 65 Touk .89 96% 83% 89% 77 1013 106 109% 83 544 42 8¢ 924 86 98% 108 96 95 100% 96 70 2:50. 106% 101 105 wH 86 24 82 94 98% 110% 107% 100% 95 72 78 98 65 835 89% 86% 91% 88% 92% 89% 101 103% 1024% | 8644 69% 85 864 118% 116% 9% 107 101 104 88 96% 89% 104% 524 T 83% 92 7' 61% 567k 63% 494 52 174 4% 61 974 844 101 1124 86% 834 8% 5% 100% 116% 79 9% 974 967 160 106% 98 93 871% 103 8% 103% 102% 504 884 0% £4% 657 104 108% 107% 1161 9445 100% 110% 1% 8754 71 103 984 684 6816 s1% 1045 71 234 58 84 1% 29 fau 984 965% 9% 93% 1064 106% 62 87% 23% 88 87 104 804 T 844 91 103% 6414 1004 83 1015 9615 92 1004 % 841, 1013 13 2% =95 584 901 100 9y €63 5 63% 893 127% =60% &6m $Tin 107% 967% R1% 9945 %41 97% 103= 110% 109 98% 87 93% 87 841 £6% 6 88y 975 87% €0% 102% 8815 823 101% 887 65 5% 89 96% 85% 20 77 1018 106% 109% 83 56 ] 84 2% 864 987 1024 96 95 1005 96 66 937 70 FINANCIAL. EXTREME BREAK - INWHEAT TODAY Huge Arrivals at Liverpool Cause of Six-Cent Drop in Chicago. By the Associated Press CHICAGO, March 11.—An extreme break of 6 cents a bushel im the wheat market today took place dur- ing the first half of the board of trade session. Heavy selling for the May delivery carried the price down to $1.81%, as against $1.87'5 to $L87T8 at yesterday's finish. Hugh arrivals of wheat at Liverpool in excess of imme diate demand was the chief depressing factor. Chicago initial prices, which ranged from 1% to 3% cents off, with May $1.84% to $1.86, and July $1.61% to $1.62%, were followed by an irreguar descent that carried May as low as $1.82%. Corn and oats went lower with wheat. After opening at &% to 1% cents decline, May $1.29% to $1.29%, corn rallled somewhat, but then dropped to $1.28%. Oats started at % to % cent off, May 503 to 50%, reacted a bit and then fell lower than before. Provisions were weak, reflecting the action of grain and of hogs. Open. High. Low. " 186 Beptember . CORN 5 '35 Beptember T RIBS— May ... July 1865 1897 COTTON UNSETTLED IN VALUES TODAY Prices Ease Of Under Spot and Commission House Selling. By the Associated Press NEW YORK, March 11.—A renewal of near-month liquidation seemed re- sponsible for the unsettled tone and the lower ruling of the cotton early today. The opening was 6 points higher to 4 points lower, with the tone steady on the faflure of the weather map to show any rain in Texas and fairly steady Liverpool cables. Prices almost immediately eased, however, under spot and com- mission house selllng of May, declined to 25.81 or 18 points net lows er before the end of the first hour, while October sold off to 25.42 or 17 points net lower. Private cables reported covering in Liverpool owing to nervousness over the Texas drought and buying by Manchester. New Orleans Quotations. NEW ORLEANS, March 11.—The cotton market opened steady, first trades showing gains of 3 to 4 points, although Liverpool was no better than due. The weather map was en- tirely dry in the belt Prices eased off, however, on the generally favor- able weekly weather report, which said conditions were excellent for crops everywhere except in the South- west where the drouth was Serious. May traded down to 25.90; July 26.19, and October te 2513, or 16 to 18 points down from the opening. R Washington Stock Exchange. SALES. tal Traction Co.—3 at 92, 3 at 921, & Elec. com—10 at 106. Washington Rwy. & Flec. pfd.— at §2, § at 82, 3 at 82, American Becurity & Trust Co.—10 at 32435, Continentel Trust Co.— at 86, 10 at 86. Columbia Title Insurance Co.—65 at 81y. Lanston Monotype—I0 at 83, 10 at 83, 10 at 834, 10 at $3%. 10 at 83%, 30 at 83%, 10 at 883, 10 at 834, 10 at 833,. 10 at 8313 National Mtge. & Tav. pfd.—o0 at 9%, 30 at 9% Ca AFTER CALL. tal Traction 5s—$500 at 90 bington Gas Light—i0 4t 0%, § at 0%, bington Rwy. & Elec. 5. & r. 65—$500 com.—10 at 107, Ca 18 at 923 Money—Call loans, 5 aud 6 per cent. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s.. American Tel. & Telga. 4 Am. Tel. & Tel. ctl. tr. 5s.. Am. Tel. & Tel. conv. Gs. Antcostia & Potomac G Anscostia & Potomac gus C. & P. Telephone Gs. C. & P Telephone of V. Capital Traction R. R. City & Suburban Georgetown Gas Potomac Elec. 1st Bs. Potomac Blec. cous. 5t Potomac Elec. 6s 1963...... Pot. Elec. Pow. . m. & ref. b Aler. & Mt Ver. 5. Gen 6s. MISCELLANEOUS, Pot. Joint Stock L'd Bk. 5s. Riggs realty Gs (long). Riggs Realty 5s (short Southern Bidg. 6%s. S ‘Wash. Market Cold Storage Ba. . Wardman Park Hotel 6s....... STOCKS. PUBLIO UTILITY. American Tel. & Telga. Capital Traction . Washington G S rfolk & Wash. Steamboat.... Rwy. & Elec. com. Wash. Rwy. & Elec. ptd. Terminal Taxi com. NATIONAL BA: ational Capital. K. { Commercial " suzEsy Federal-American . Liberty Lincola Nationa Riges, Second [ National Bank of Washington . TRUST COMPANY. American Becurity & Trust.... Continental Trust Merchants’ Bank . National Savings & Union Trust. ‘Washington Loan & Trust. BAVINGS BANK. Commerce & Savings. East Washingtor Becurity Bavings & Com. Seventh Street. United States. Washinglon M FIRE INSURANCE. % i HEgEE American Corcoran which | RAILWAY STOCKS MAKE NEW HIGHS Common and Preferred Sell at 107 and 83-—0ther Financial Notes. BY CHAS. P. SHAEFFER. Inspired by its speculative merits local traders sent stock issues of the Washington Raflway and Electri~ Co. further into new high territory to- day, the common netting an advance of 1% points to 107, while the prefer- red sold upward to 83 Both issues were strong throughout the session, a paucity of available hares being plainly evident. An of fer of 106 found but 10 galable shares, a like number being all that was avajlable when the bid price was advanced an additional point. The preferred issue rose accordingly, 12 shares in odd lots selling at 82, fol- lowed bby a 10-share eale at 33 Lanston Monotype retained its cent strength, 120 shares resulting in a haif-point gain to §3%. Washing ton Gas sold at 60%, and Capital Traction at 92%. American Security and Trust Co. paralleled its highest figure, 3243, on sales of 10 shares and Continental Trust Companv brought 86. Columbia Title Insurance 50ld to the extent of 65 shares at 8%s and National Mortgage and Inves:- ment, preferred. was unchanged 9%. g Stolen Securities Listed. A thrust at traffic in stolen secur ties is being made by the Nationa Surety Co., which is mailing to bank- ers and brokers throughout the coun- try a pamphlet containing a lisf of securities which have been stolen dur Ing the last few years and never covered. ,Accompanying the pamphlel are helpful suggestions for protection of securities during transfer, and a warning that stolen securities should not be purchased or accepted as co lateral. The surety company listed appr imately $1,000,000 in stolen sec all of which have been paid to th reported owners. The company offers to lend to ii= clients, free of charge, one of its pa ent steel-mesh safety vests, in whi securitles are secreted in a steel-lines inside pocket Thinks President Strong in West. Peter A. Drury, president of Merchants’ Bank and Trust Co turned yesterday from an extend trip through Arizona, California Washington State. He spent consid erable time in Phoenix, Ariz, wher his son, Leo K. Drury, is engaged | the real estate busine ather and |son later motored to San Franeiscc Los Angeles and Seattle. “From my observation, Presid Coolidge has the confidence of tr entire West,” said Mr. Drury. “There was not a person’ with whom I talked who was not enthusiastically ‘for’ President and h's policies. Th have but one effect—the stabiliz: { of business throughout the West a | the Nation as well. It was the mo remarkable demonstration of co dence that I have ever witnessed big things may be expected to pen In that section of the cou in the next four vears.” Riggs Dividend Action. The recent rise in stock Riggs National Bank was part plained by the declaration of an ext: dividend of 1 per cent in addition ! the regular semi-annual disburs ment of 6% per cent, both paya on April 15 to stockholders of recor March 31. Directors also authorizec the transfer of §25,000 to the instit tion's surplus fund. The Riggs Bank is virtually on dividend of 15 per cent annually. Th definite rate is 6 per cent semi-an nually, but the extra of 1 per cen was first paid last October, and earn ings of the institution are more tha sufficient to warrant its continuan “Stoek Dividend” Arrives. A stock dividend not on the board,” which was receiving co erable comment in the local financia district this morning was that pa'd vesterday to Albert P. Madeira ber of the firm of John L. Edwards & Co. The voungster, feminine in gender adds considerable heft to the Madei resources, it is understood. Will Speak in Cleveland. Joshua Evans, jr., executive president of the District Nationa Bank, will be the principal speaker at a joint meeting of the Better Bus ness Commission of Cleveland the Cleveland Advertising Club March 18. Mr. Evans will speak on “Winning and holding the public interest in the better business movement Bank Director Home. Clyde B. Asher, director of Liberty National Bank, has return to Washington after a five-week vac tion spent in Cuba and at var points in Florida. ritte: the NEW FINANCING ALLOWED. JERSEY CITY, N. J., March 11.—Ap- proval of the stockholders of the North ern Hide and Leather Co. has been given to plans for the liquidation of a $15.600. 000 indebtedness, and the remaining op- position to the plan has been dismissed by Vice Chancellor Buckley, he said to- day in announcing that the company now Is free to proceed with the proposed refinancing. SINGER DIVIDEND RAISED. NEW YORK, March 11.—The capita stock of the Singer Manufacturing Co has been placed on an annual dividend basis of $10 a share, directors declar ing 2 quarterly disbursement of $2.50 a share, payable March 31 to holders of record March 10. In 1924 the company paid regular dividends of 7 per cent and an extra of 2 per cent. COAL MINING CUT DOWN BRUSSELS, March 11.—Many Bel gian coal mines have been compeled to close for one day weekly because of the competition from foreign coal They have also discharged their for elgn employes. Belgian coal stocks have reached the unprecedented tota! of 2,000,000 tons. NEW STOCK ISSUE SOLD. NEW YORK, March 11.—A banking syndicate has sold privately a new issue of 240,000 shares of no par valua common stock of the Fair of Chicago department store, at $35 a share. Ap plication will be made to list th= stock on the New York and Chicago Stock Exchanges. S. S. Kresge re- cently was elected chairman of the board. GERMAN STOCKS AND BONDS. Quots Ilars per million marks.) (Quoted in dollars D B T ) Ger Gt (war loan) 58 1914-1 o Sempore a6 1010 . 1. 83500 33000 Ger Gt 458 (forced ioan)... 18.00 2200 (Quoted_in dollars per thousand marks) Ger Gen Elec 4%4s per-war.. 23 25, 80% 80% PENN STEEL'S DEFICIT. NEW YORK, March 11.—A deficit of $329,803 for 1924 is reported by the Penn Seaboard Steel Co., compared Wwith a deficit of $119,287 for 1923. LIVE POULTRY LOWER. CHICAGO, March 11.—Poultry, alive, lower; fowls, 25a25%; Springs, 31; roosters, 19; turkeys, 25; ducks, 37; geese, 16, 3 inghouse E. & M. 10733 Flaher Body Corp. 68 1827 called for pay. dient February 1, 1925, at 101b. TPisber Body Corp. fs 1928 calied for pay- wbat February 1. 1025, at 102 ’- CLOTH MARKET DRAGS. NEW YORK, March 11 (Special).— dotton goods had got over their little flurry of activity today and again ¥gre quiet with prices unchanged.|panna 1st (7)... Snt cloth quotations were 9% | pareman (2330 akints for 64 by 60 and 11% for 63 | Hayes Wheel (3) Wr 78. Raw silks were quiet and |[ioe & Co A (4).. generally unchanged in price. 5 15% 52% 994 18% 68% 36% 98 16% 27% 884% 85% 31 35 47% 14% 504 99 17% 6714 364 87 15% 26 87 86% 80% 84% 47 Stand Mill (3).... Stand Mill pf (8) St Oil Calif (2).. StOIUNJ(1)... StOIINJ pf (7). Std Plate Glass. Sterling Pr (15). Stew Warnr (5). Studebaker (4). Submarine Boat. Superior Ofl.... Sweets (new). Symington. Symingten A (2) Telautogph 25c.. } Glidden Co % Goodrich. Goodyear pf. Granby Consol. . Grt North pf (5). Grt Nor Ore (4) Grt Wstn Su (8). Greene Canan. .. Gulf Mo & Nor. . Gulf St Steel (6). 16% 50% 294 18 674 36% 97k 16% 26% 87% 85% 80% 85 4% 1% 8844 110% 8714 1% $9% 85 us 99% 102% Wi'son & Copt.. 27 Wilson ctfs.... 25 Willys-Overind. BL1% Wills-Over pf... 83% Woolworth (3). 115 Worthington. .. 67% Wright Aero (1) 18% Wrigley (13%).. 49% 49% Youngstn S&T.. 3% 178% {Partly extra, tPuyable in Dividend rates as given are the annu 110% 874 9% 9% 85 s 99% 1024 984 984 96% 96% 101% 102 102% 1035 9% 9% 101 101 86 86% Sinclair O11 68 Stnclalr O1l 6% Sinclair Oll 78 Sin COP Lés Sin Pipe Line Skelly Ofl 6% South Bell Tel 55 So Por Rico Sug 7s Southwest Bel! 5s. Sug Est Orient 75 Tenn Elec Pow 6s Tide Wat Oil 6% Union Bag & P United Drug 6s U'S Rub 1st rf §s Firemen's . National Union. TITLE INSURANCE. Columbia Title Real Estate Tit MISCELLANEOUS. Merchants’ Transfer & Storage. Mergenthaler Linotype . Natioasl Mtg. & lovest. pid 0ld Dutel Market com 0Old Duteh Market pfd Lanston Monotype SFikivgton e Va Yellow Cab. “Ex dividend. Ger Gen Elec 4igs 1919, Berlin 48 pre-war Hambg 3s, 3%3 & 4s p Hamburg Amer, Line {1 North German Lioyd & North German Lioyd. Prussian_Consols 3% Krupp S8 1921 Dusseld P Frankrort a-M Munich 4e pre-wa: Badische Anilin_ . A. E. G. (Ger Ge Commerz and Privat Disconto Gellschaft . Dresduer Bank . Deutsche Bank ... . Darmstaeder Bank Mercer Bank Vienoa 254 28 1% 824 144 66% 18 9% 49% 8% 18K reterred stock. “ash Dayments based on the Tatest “quarterly o it yearly deciaratlons, Unless otherwise noted, exti ‘epecial dividends are mot included, T 4 25% 23 11% 83% 115 66% 18 3.39 11% 8315 15 681 18% £ 145 8. 25. SEN o8 BB RS 1953 23339333333 13 €33 68% 43% 0% % 84 17% 224 124 a'sszsg*su:as o BEBHNA 18 2% 124 ETIRCIRRON- PP SBEREERISE R §383%sy 238328