Evening Star Newspaper, March 20, 1925, Page 30

FIN STOCKS GO HIGHER DURING AFTERNOON Day Sees Moderate Gains in Many Issues—Heavy Buy- ing in Oil Shares. BY STUART P. WEST. Bpertal Dispateh to The Star. NEW YORK, March 20.—The stock merket was strong the greater part of tha time today, although there wes no excited bidding up of prices. Much of the buying apparently was for short account, induced by a moderats amount of fresh accumu- Jation. People who had taken profits during December and January were thought to be picking up stocks again. However, they were in no hurry to get them. Offerings were well absorbed, but buyers were un- willlng to follow up prices. Industrials Are Active. With the general market in a safer position, people Interested fn the in- dustrial speclalties got busy again, marking prices up rather sharply. Nash Motors made a new high rec- ord as it crossed 290. The talk here {5 of = capital split-up. Woolworth, Air Reductfon and Remington Type- writer were other favorites. Amerl- can Water Works common, Fhowing that it is still closely held, sold round its top figures. Fividently there had heen some selling of Pittsburgh and West Vir- &inia_on reports of extreme competi- tion tn the coal trade, resulting in tha closing of a number of mines. Jiut these Sellers in this particular Instance had run up against a tight tioating supply and had to pay the alty. Pittsburgh and West Vir- minia stack jumped briskly when ef- forts were made to cover. Utllity Shares Gain. wublic utility shares were a feature ot ihe market. Columbia Gas was the ader, crossing 57 on large trans- jons. This brought mpathetic ‘huying into Brooklyn Union onsolidated Gas and Standard 'he high priced Laclede joined in h the rest Sugar stocks wers strong, With American Sugar across 63 again. Cu- ban-American, at 30, was up nearly % point. The best opinion is that on the recent decline the sugar stocks 2djusted themselves to the low sell- nz prices of raw sugar, taking ac- count also of the probabilitics of an- other big Cuban crop Therefore they are in a position of paving discounted unfavorable trade news and of facing the possibility of improvement in conditions as the seeson goes on. Much Short Covering. There was active short covering in | stocks where operations for the de- cline had been particularly vigorous. In this category were the St. Pauls, American Woolen, Bethlehem Stee Atlantic Gulf and Pan-American “B. The copper shares did better, Kenne- rott above 49 representing a rally of rore than 2 points. St Joseph Lead was in demand again. Outside of repurchases for short sccount, there was no incident in the trading in the oils. They were merely following the general market, which meant that as a rule they were elightly higher. MAREET CLOSES STRONG. Rally in Wheat Spreads to Stocks in Last Hour. By the Associated Press. NEW YORK, March 20.—Stock prices rallied sharply today with buying for both accounts influenced by the rapid comeback in wheat prices and the re- asturing statements on business condi- tions by Secretaries Hoover and Mellon. Trading, however, was in reduced vol- ume, the day’s sales aggregating about 1,200,000 shares. The closing was strong. A sharp rally in wheat prices brought about mure urgent short covering in stocks in the late trading, final prices showing gains of 1 to 10 points on the day. Markets at a Glance NEW YORK.—Stoc Americans lcad strong: Pan- oils on rebound. firm; St. Paul issues scored moderate recovery. Foreign ex changes steady t gain by st ling and francs. Cotton highe ish_visible supply. Coffee firm: CHICAGO. ing stocks. ceipts. Cattl lowar; poor Wheat strong: Corn steady: small steady to higher. Hoss ipping demand. MARLAND OIL EXPANDS. NEW YORK, March 20.—Expansion of the Marlznd Ofl and Refining Co.’s business is indicated In eight addi- tional 80.000-barrel steel tanks belng bullt at its Texas City works. A new umping plant and additional lines to s Ioading terminal also are under | construction. Vacuum Oil Co. is add- 3 new 80,000-barrel tanks to its farm at Texas City. SHORT-TERM SECURITIES. ed by Redmond & Co.) Alumiaum Co. of Amer. T American Sugar 6s 193 Ameriean Tel. & Tel. Ansconds Copper fs 1 \glo-American_Oil a Ol 6s 1 & Ohio 6s Tel_of Canada Central of Georgla 6s 1020, Cent. Loatber 5s, April 13, 1 Cii., Mil. & St Paul 6s 1084 OBl R. [ & Pacifc 51 1026.. 8 1834 55 & El_1st 35 if : % Gas & Elcc. s 10 Gult 01l Co Humble Ol 53 1932, Lrsigh Pow Corp. HE BT 87 ST 161 Morris & Co. Tl4s 1030, 5 New Yotk Central s 1935 Oregou. Short Lice 4s 1020 Penaa. B R. 78 1830..... Turs Of Biis, August. 1935 Kwift & Co. Bs 1082.0.... ldewster OI1 64s 1961 Inion Tank Car Ts 1830. U. 8. Rubber T34 1830. & Western Uolon Ggs 1896.... Westinghouse E & M, 7o 0381 1075, wr Body Corp. 6s 1027, cailed on Feb. 1, 1925, at 101% Fisher Body Corp. 6s 1028, 1, 1025, at 162 . of Pa. 5is 1028, calied on Feb. FOREIGN EXCHANGE. (Quotstions furnished by W. B. Hibbs & Co.) Nominal Selling cheeks ol4 value. today. -$4.80 L300 Londom, pound Nontred). dotier Vierza, crown Eudapéat, erows Stockbolm,” crowa NEW YORK EGG PRICES. NEW YORK, March 20.—Eggs, firm; receipts, 26,116 cases; fresh gath- cred, extra firsts, 3214a33; do., storage, packed, 331534: do. firsts, 3113a32; do., storage packed, 32%35; fresh gathered secemdés, 51: nearby hen- pery browns, @@eras, 35a37, f 3 / ANCIAL. Air Reduct (15). Ajax Rubber Alaska Juneau. . Allfed Chem (4). Allis Chalm (4). Am Agricul Chm Am Ag Chm pt Am Bk N (12%5) Am Beet Sug (4) Am Bosch. Am Can (17). Am Can pf (7) Am Car & F (12) Am Chaln A (2). Am Chicle. .. { Am Chicle ctfs Am Drug (60c) . Am Express (5). Am & For Pow.. Am & Fr P pt (1) Am Hide & Lea.. Am Hide & L pf. AmIce (7)...... Am Internatl Am Linseed. Am Linseed pf. Am Loco (118). Am Loco pf (1) Am Metal (3). Am Radiator (4) Am Safty Rz (3) Am Ship & Com. Am Sm & Ref (6) Am S & R pt (7). Am Snuff (12). Am Stl Fdys (3). Am Sugar. . Am Sumatra. . Am Sumatra pf. Am T & Cab (). AmT & Tel (9).. Am Tobacco (7). Am Tobac B (7). Am WW&EI 30c Am W W pf (6). Am Woolen. Am Wnol pf (7). Am Writ Pap pf. Am Zine. Am Zinc pf. Anaconda (3). Ann Arbor pf Archer-Daniels. Armourof Il1 A. Armour Del (7). Arn Cons & Co AssoDry G (5).. Asso DG 2d (7) Asso Ol (115).. AtT&SFe (7). Atl Birm & At. .. Atlantic CL (7). AtGUIt&E WI... At Gulf & W1 pt. Atlantic Refin. .. Austin-Nichels. . Ealdwin L (7 Bald Loco pf Bal & Ohio (5) Bal & Oh pf (4). Bang & Ar (3). Barnsdall A. Barnsdall B. Bayuk Cigar.... Beech Nut «13).. Bethiehem Steel Beth Stl pf (1) Beth Stl pf (8) Booth Fisheries. | Briggs Mtg(31) | British Emp 2d.. Bkl Edison (8).. Bkl-Man Tran.. Bkl Union G (4). Erown Shoe (4). Brown Sh pf (7). Bruns-Balk (30¢c) Brunswick Term Buff & Sus(1913) Burns Br B (2).. Bush Term (5) Butte & Su(56c). Butterick Co. ... Caddo Central Cal Pete (1%) ... Calif Pet pf (7). Callahan Zinc. .. Calu & Ariz (2). Calumet & H 50¢ Can Pacific (10). Case Threshing. Cent Leather. .. Cent Leather pf. {CRRNJ (112).. Century Rib (2). Cero d Pasco (4) Certain-Teed. Chand Mot (3) Ches & Ohio (4). | Chi & Alton Chi & Alton pt Chi& EastIil... Chi & Est Il pf. Chi Great West. Chi Gr West pf.. | ChiMIl& StP... Chi Mil &SP pf. 1 Chi & Nwn (4) Chi Pneu T (5).. ChiR1& Pac... |CRI&P DI 5). JCRI&P DL (D). | crilds Company. Chile Cop (21 Chino Copper. Coca-Cola (7)... Colo Fuel & Iron Colo Southern. .. Col G & E (2.60). Col G & E pf Col Carbon (4) Com Inv (2.50).. Com In Tr pf (7) “om Solv A (4). ‘om Solv B. Congol-Nrn (3). Consol Cigar. ... Con Distributrs. Consol Gas (5).. Consol Textile. . Cont Can (4).... Cont Insur (6).. Cont Mot (80c).. | Corn Prod (2)... Corn Prod pf (7) | Cosden Co Crucible Sil (4). | Cub Am Sug (3). | Cuban Am pt (7) | Cuban Cane Sug { Cub Cane Su pf.. Cuba Dominican shmans (3). .. | Cuyamel Fr (4). Daniel Boone Davison Chem Del & Hud (9) Del L&Wn (7). D& R G Wst pt Dome Mines (2). Doug Pectin (1). jDul SS & Atlpf. Dupoat (10). Dugquesne pt (7). Eastman (48). | Zaton Axle. Elec P & Lt pf. Elec St Bat (15). End-John (5). .. Erle . Erle 1st pf. Erie 2d pf. Exchoage Bf (2) Famous P1 (8) Fed Mines pf ( Fisher Body (5). Fisk Rubber. Fisk R 1st (1) Flelschmann (4) Foundatlon (8) Foundation rt Freeport-Texas. Gardner Motor. . Gen Am Tnk (3) Gen Asphalt. ... Gen Asph pf (6). Gen Cigar (8)... Gen Electric (8) Gen El 8Dl (80¢). Gen Motors (8).. Gen Mot pf (7). n Petrol (2).. Gan Refrac (2). Gimbol Bros. .. . Glmbel Br pf (7) Ginter Co (1%). Glidden Co...... Gold Dust. Goodrjch Goodyear pf (7). Gdyear prior (8) Granby Consol. . Grt North pf (5). Grt Nor Ore (4). Grt Wstn Su (8). Greone Canan. .. Gulf Mo & Nor.. Gulf St Steel (5). Hanna 1st (7).. Hartman (2%) . Hayes Wheel (3) . 23% . 110% Open. High. 98% 102 11 1% 1% 1% B4% 864 824 834 15% 164 41 2% 181 * 181 874 88 28% * 2974 174% 176% 117% 117% 209% 212% 23% 28% 6% 68 3% 53% 6% 6% 145 147 29% 81% 88% 88% 11% 11% 68% 69% 86% 8% B4k 84W 284 57 57 131% 132% - 118% 118% 47% 48% 95% 957 52% 524 10% 11% 85% 964 108 108 . 143% 143% 49 49% 814 63! 15 15 43 43 42 42 182% 133% 874 83 86 87% 44% 464 101% 101% 897 40 804 4% 8 21 38 43% 20 21% 82 9 181 103 34 120% 6 109 5 85 10 128% 394 9% €9 29% % 5 90 18% 82 16% 19 1% 294 107% 109% 3% 8% 50 52 14% 4% 1464 146% 26% 26% 164 16% 53 53% 289 280 3% 44 464 48 2% 42% 31 82 93% 964 8% &% 1% 143 334 334 47% 48 1 1% 26% 26% 5l 6 9% 107 68% 65 80% ¥a% 49% 60% 85 87 96 96% 50% 515 31% 32% 20% 214 89 89% 874 88's bdls 54 . 108 451 61 102% 139% . 141% 86% 27% 6% % 3 2% 108% 8% 40 122% 20% 70 50 28 134 584 59% 34% 35% 138% 138% 1331s 136% 40 40% 14 14 144 144 5 5 142 106% 110% 14% 147 101% 101% 644 65 30% 39% 141 106%% Low. 28 11 1% 844 82% 1i% 41 181 874 284 173% 117% 209 23% 5 B53% 5% 145 2% 88% 1% 687 86% 344 23% 57 131% 118% 4% 964% 514 10% 95 108 143% 49 614 15 43 42 132% 87% B8R THE EVENING BTAR, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Ofice Houston Oil Hudson Man, ... Hudson Mot (3). Hupp Mot (1)... Tllinois Cent (7). Independ Ol (1) Indian Refining. Ingersoll R (8).. Inland Stl (2%) . Inland Stl pf (7) Inspiration Cop. Interb Rap Tr. Int Bus Mac (8). Int Cement (4).. Int Com Eng (2). Internst Har (6) Int Mer Mar pf.. Int Nickel. . Int Paper....... Int Shoe (5).. .. [nt Tel & Tel (6) Jewel Tea. Jordan Mot ¢ Kan City South. Kan C So pf (4). ser (Julius) . Spring. -Spring pf. Kelsey Whi (6) . Kennecott (3).. Keystone T & R. Kresge Dep Str. Laclede Gas (8). Lee Rub & Tire. Lehigh Val (33%) Lig & My B (14). Lima Loco (4) Loews Inc (2) Loft. . 5 Long Bell A (1). Loose-Wlles. ... Lorrillard (3) Louisiana Oil. Ludlum (2). Cro B (1.80) .. Mclntyre (1). Mackay (7)..... Mack Treks (8). Macy HR & Co.. Magma Copper. Mallinson & Co. . Man EI Sup (4).. Man El md(3%). Man Shirt (1%). Manila Electric. Maracaibo Ol Market St prior. Marland Oil Mar-Rock 5 Martin-Pry (4). Mathieson Alka. Maxwell Mot A. Maxwell Mot B. May Dept St (5). Mex Pete (16) ... Mexican Seabd.. Miaml Cop (2).. Middle States Minn & St Louis Mis Kan & Tex.. MK&TDpf (5).. Missouri Pacific. Missouri Pac pf. Mont Power (4). Mont Pow pf (7) Montgom Ward. Moon Mot (3) Mother Lode 75¢ Mullins Body . .. Murray (2.40) Nash Mot (t11).. Nat Acme (sta). Nat Biscuit (14). NatCl1 & Spf (7) NatEnamel & S Nat Lead (8). Nat Supply (3 Nevada Copper NOT&M(7)... NY On & Wn (1) Nt N G&E pf (1) N Y Central (7). NYC&StL pf (6). N Y Dock. NY NH & H: Niagar Fpf 1%. Norfolk South. . Norf & W (18). .. North Am (3.40) North Am pf (3). North Pac (5). .. Onyx Hoslery. .. Orpheum (1.80). Otis Elevator (6) Otis Steel. 5 Owens Bot (3).. Pac Coast 2d pf. Pacific Gas (8). Pacific Oil (2).. Packard (11%). Pan-Amer (6).. Pan-Amer B (6) Park Penn Penn Peoples Gas 1l) Pere Marqg (4) . Phia Co (4). Phila & RC & L. Phillip Morris. . Phillips Jones. . Phillips Pet (2). Phoenix Hoslery Plerce-Arrow | Plerce-Arrow pf Plerce OIl. . Plerce Ofl pf. ... Pierce Petrol. .. Pitts Coal pt (6) Pitts Term Coal. Pitts Ut pf $1.20. Pitts Ut ctfs 1.20 Pitts & West Postum-Cer (4). Press Steel Car. PrStCarpf (7). Prod & Refiners Pro & R pf (3%) Pub Ser NJ (5). Pub SNJ pf (8). Pub S Gas pf(6). Puliman Co (8). Punta Al Su (5). Pure Oil (1%).. Pure Oil pf (8).. Radio Corp of A. Radlo C pf (3%) *RSTICcfs (4). Ry Stl Spg (8).. Ray Cons Cop Reading (4) Reading rte Reading 18t (2). Reading 2d (2).. Remington Type Replogle Steel Rep Ir & Steel. . Reynolds Sp (1), Rey Tob B (3).. Roy Duth €.42%, Rutland pf..... | St Joseph Ld (@) St L & San F (5). StL SanF pf (8). St L Southwest. St L Swn pf (6). Savage Arms. .. Seaboard Alr L.. Seabd Afr L pt.. Sears-Roebk (6) Shattuck-Ariz. . Shell Trad (2.06) Shell Un (1.40) .. Shell Un pf (8).. Simmons Co (2). Simms Pet (50¢) Sinelair Ofl Skelly Oil Sloss-Shef! (6) . South Pac (6)... Southern Ry (8) South Ry pf (5). Spicer Mfg. . Spicer pt (8). Std Gas & E1 (3) St 01l Calif (2) StOINJT (1)... | Std Plate Glass. Stew Warnr (5). Stromberg (6) .. Studebaker (4) . bmarine Boat Superior Oil. ... Superior Sti ( symington..... Symington A (2) Tennessee Cop Texas Co (3).. Texas Gulf (7) Tex & Pacific. .. Tex & Pac C & O Tide Wat Ofl (4) Timken (13%).. Tobac Prod (8). Tobe Prd A (7) Transcont Oil. Transu & W (3). Twin City (4). Underwood (3). Un Bag & Paper. Union Ofl. .. 4’ 3% 53% 16% 134% 88% 5% 7 WASHINGTON, D. C., FRIDAY, MARCH 20, 1925." QUOTATIONS RALLY | Coxer=x_BONDS o Recelved by Private Wire Direct to The Star Office. IN BOND MARKET Abundance of Funds in Money Market Acts as Real Stimulant. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 20.—Despite plain indications of easier money there was no increase of {nterest either in United States Government bonds or In the high-grade railroad issues. Prices were steady, but that was about all. Elsewhere in the mar- ket speculative securities responded to the better tone in stocks. A strik- ing instance was that of the St. Paul loans, all of which increased in price. St. Paul Issues Advance. Whether this was brought about by short covering or was the expres- sion of a conviction that the decline had gone farther than the facts war- ranted was not apparent. The largest gain was made in St. Paul refunding 4%s5. The secured 6s and the gen- eral mortgage 45 were both substan- tially higher, while there was a sharp rally in the Puget Sound 4s and the Chicago, Terre Haute anu Southeast- ern refunding 5s and incomes went up with the other St. Paul issues 1. G. N. adjustments, selling at 71, were up a point and a quarter from Thursday's close. Erie General 4s im- proved a half point and Chicago and Eastern Illinofs 5s were up frac- tionally, as were Seaboard Air Line adjustments. Of the olls Pan American Petroleum 6s were the leaders, up at one time over two points. Obligations of the sugar producing companies were all steady and American Sugar 6s ad- vaneed. Forelgn List Quiet. In the foreign list, some reaction developed in the Jugoslav 8s, which brought them down below 88. There was no improvement in the French list, but the German 7s were very firm. Peru 8s sold at 93, which com- pared with a high for the vear of over 102, Today's new offerings were com- paratively small, the principal one being two State of Idaho issues. One was $1,000.000 Idaho Treasury notes due March 1, 1926, to yield 3.50 per cent and the other was $663.500 re- funding 4% per cent State of Idaho bonds maturing serially to vield from 3.75 to 4.05 per cent HEAVY NOTE ISSUES FALL DUE IN APRIL Far Greater Financing Pending Now Than at Same Time in 19248, ° By the Associated Press W YORK, March 20—FBonds and notes of railroads, public utility and industrial companies falling due in April aggregate $105,131,480, accord- ing to a Wall street compilation, which compares with $42,434,280 this month and $41,683,500 in April 1924, In addition to these corporats securi- ties, forelgn issues totaling $4,600,000 also fall due next month. Several large issues already have been Sssiacinit i ewe Heven 322,223,140 7 per cent bonds, Bell Tel- ephone of Canada $11,250,000 5 per cent bonds and Central Leather Com- pany $22,391,450 5 per cent bonds, all due April 1. CAR LOADINGS ARE NOW BREAKING ALL RECORDS By the Assoctated Press. VEW YORK, March 20.—Freight car loadings broke all records the first 10 weeks of this year, said a report made at the directors’ meet- ing of the American Railway Asso- clation in New York today. Revenue freight loading topped the previous high record. set in 1924, by 144,8 cars. The total number of cars loa ed was 9,000,328, SHEET BRASS REDUCED. NEW YORK., March 20.—The Amer. ican Brass Co. today reduced prices of sheet brass and seamless tubes one-half cent to the base of 15% cents a pound and 23% cents a pound, respectively. Shest copper was cut % of a cent to 22% cents a pound. e, YEAR'S PIANO SALES. NEW YORK, March 20.—Net sales of the American Plano Co. in 1924 reached $14,327,900, with net income of $1,407,599 and surplus of $646,641 after preferred and common divi- dends. Net was equal to $22.74 a share on the common after preferred dividends. Unton Oil (1.80) Un Pacific (10).. Un Pacific pf (4) Utd Alloy Steel. Utd Clgar (13%) United Drug (6) Utd Drug 1st 313 Utd Fruit (10).. Utd Ry Inves pf. U S Cast Iron P. U 8 Distributing U S Hoft (2) U S Ind Aleohol. U S Realty (8) U S Rubber. 364 U S Rubist (8).. 84% 4% U SSmelting.... 32 53% USSmpt (314). 46 45 U 8 Steel (17)... 120% 1224 Universal Pipe.. 34% 39 Univer Ppt (7). 77 80 Utah Copper (4) 8244 83 Utah Securities. 69% 68% Vanadtum. . 27 4 27 Va Ry & Pow. %0 20 Vulean Detin... 8 8 Wabash.... 25 | 26% Wabash DfA... 64% 644 66% Wabash pf B.... 43% 43% 46 Ward Baking B. 394 39% 40 ‘West Pen (4)... 117% 117% 117% West Pen pf (7). 95% 95% 95% W Pa Pow pf(7). 106 106 106 West Blc pf (7). 115% 116% 116% West Maryland. 12% 12% 18 West Md 2d pf.. 1T% 17% 18 Western Pacific. 424 40% 434 West Pac pf (6). 92 92 92 West Unlon (7). 120 120 120 Westinghse (4). 69 % 684 69% Westhse 1st (1). 80 80 30 Weston Elec.... 10 10 10 Weston A (2)... 204 204 20% Wheel & L Erle. 128 1% 13 White Eagle (2). 26% 26% 2T% White Mot (4).. 61 60% 61 Wickwire Spen. % % W Wilson & Co.... 10% 10 10 Wilson & Co pf.. 38 32% 38 Wilson ctfs.... 23 23 24 Willys-Overind. 12% 2% 12% Wills-Over pf... 85% 85 864 Woolworth (3). 115% 115% 117 Worthington... 55 56 56 Worthington A. 86 86 86 Wright Aero (1) 18% 17% 17% Youngstn S&T.. 70 70 69% E69% +0dd lots. {Partly extra. $Payable in Dividend rates ‘as given in tl lbon ufl- sre the annual cash payments based auarterly or balf-yearly declara s ety Hhorwiae w5 extra o ;m 384 1434 4% 27% 681 116 524 209 48% 180 32% 22% 84 120% 38%; 143% 4% 27% 69% 116 524 209% A8% 195 82% 224 8044 120% 3% UNITED STATES BONDS. (Bales are in $1,000) Sales. High. 221 10117 10112 10213 6 10120 101 19 101 19 117 100 30 100 27 100 28 119 101 16 101 14 101 15 165 10180 101 26 10128 46 100 18 100 15 100 17 '52. 96 10424 104 23 10424 Lib 3%4s. . Lib 1st 438 Lib32d 4% Lib3d 4% Liv 4 4%s UB 491944, US4y FOREIGN. Argentine 6sA.... 53 Argentine 6s B....117 Argentine 7s...... 19 Austria 7s. .196 Bank of Japan 6s. 13 Belgium 6a....... 71 Belgium 648 wi.. Belgium 7%s Belgium 8s Berno 8s Bolivia Bordeaux 61 Brasil 7s. Brazil 7%s Brazil 8s.. Canada Canada 5%s 19 Chile 73 1943 Chile 85 1941 Chile 85 1946 Chinese Gov Ry 53 Con Pow Japan 7s Copenhagen 653 Cuba 5%s. . Czecho 88 1951. .. . Czecho 8s 1952 0t.. 18 Danish Munic 83 A Denmark 6s...... 15 Denmark Ss. DEI8%sMch'53. 3 DEI6%s Nov's3. 11 Dutch East16s'47 6 Dutch East I 65°62 9 El Salvador 88748, 26 Finland s f 68 '4 9 French 7s.... % French74%s....... 54 French 8s 10 German 271 Ger Gen Elec 7s... 25 Greek 7s..... 49 Hungary 614s. . 4 Japanese 4s.. 3 Japanese 6148 52 Jergens U M 6 15 Lyons6s..........10 Mexico bs S Montevideo 7s 13 etherlands 6s ‘54. 33 Norway 6s 1943... 23 Norway 6s 1944. .. 21 Norway 63 1952... 12 Orient Dev deh 6s. 52 Paris-Ly's-Med 6s. 31 Poland 8s '50 wi Prague 71487 Queensland Rio de Jan 8s 1946. Riode Jan 88 1947. Rio Gr Do Sul 8s. . San Paulo City Sao Paulo State 8s. Seine Dept of 7 Serbs Crot Slo Sofssons 6s. Sweden 5135 ct. Sweden 6s.. .. Swisn 5145 1946 Swiss Confed Ud Kingm 5%s°'28. 16 Ud Kingm §%s '37. 28 Cruguay 8s. High. 96% 96% 102% 6% 99% 86 93% 109'% 107% 108% 98 84 83% 107% 96% 100% 102% 103% 102% 100% 106% 1064 43% 90 6% 884% 99% 99% 109% 101% 18110% % 97% 100% 100% 104 85 894 98% 1024% LI $3% 86'% 8815 824 1% 4% Bale 87 4% 1027 9574 998, 99%, 86% 117 85% 95 904 110 94% 93%, 9644 101% 83 88% 85 994 104 102 1145 116 1084 2 107% Low. 2:50. 2:50. 96% 96% 102% 95% 99% 86 3% 109% 107% 108% 92% B4% £3% 107% 964 100% 102% 103% 102% 100 108% s 106% 43% 90% 96% 98Y% 99% 99% 1095 4 101% 110% 974 974 100% 4 100% & 104 973 100% 28 8% 85 99% 103% 10134 4% 116 1064 107% MISCELLANEOUS. Ajax Rubberss... 7 Am Agr Chem 7 Am Chain sf 65 '33. Am Smit & R 18t 52 Am Sug ref 63 Am T&Tcltris AmT& Tcltrbs.. 14 AmT&Tsfbs... 81 Am T & T deb 645. 63 AmT& Tcv 6s. 6 Am Water Wks 8. 14 Anaconda 1st 6s... 50 Anaconda cv db 73. 42 Andes Ts 26% pd. ..112 Armour & Co 4%s. 11 Armour Del 54s.. 12 Assoclated Ofl 65 Atlantic Refin 5 Bell Tel Pass.... Beth Steel pm 6s. . Beth Steel rf 5s... Beth Steel 515 Beth Steel s f 63 Brier H St 12t 5338 Bkiyn Ed gen 5s.. Calif Pete 614s. Central Leather 55 Chile Copper 6s Cin G E 5%s'62 Col Gas & El 5 Commonwth P 68 Con Coal Md 1st 58 43 Con G NY 5%s wi. 106 Consumers Pow 53 12 . analavamaunSoan » Det Edison &3 '40 Det Edison ref 6s Du Pont de N 71 Duq L&P 5155 49 Duquesne Light 65 12 Est Cuba Sug 7% Empire G&F 74 Feder Metls Fisk Rubber 85 Gen Asph 6s '3 Gen Elecdsb s Goodrich 6%s Goodyear §s 1941 Humble O&R 6% Iliinols Bell st 6s. 12 Indiana Steel &8 Int Mer Marine 6 Inter Paper 58 '47 KCP&Lt5sA’ Kan G & El 6s 5. Keily-Spring Laclede G 5% Lorillard (P)7s. .. Louisv G & E 5552 Magma Cop ov 7s Manati Sug sf Tls Mid-Con 6%s, "40. Midvale Steel 5s. Montana Pow 5s. Mor's&Co 1st 4% New Eng Tel 5s. NY Ed 6s 44 wi... N Y Edenlst 614s.. NYG EL H&P ¢ NYG EL H&P & N Y Tel 4%s. N Y Tel 6s'41 NY Tel 68’49 Otis Steel 88. . Pacific Gas & El 53 1 Pac T& T 1st b Pac T & T b8 '52. Pan-Amer Pete 65.705 Phila Co6%s'38.. 2 Phila Co ref 65 A Public Service o8 Pub Serv Elec 6s. Punta Alegre 7 Saks & Cosf7s Sharon Stl H 8s. Sinclair Ofl 6s Sinclair O1l 63 Sinclalr Oll Sin COPL6s Sin Pipe Line & Skelly Oi1 6% So Por Rico Sug Southwest Bell b Tenn Elec Pow 6 Toledo Bdn 1st 7 Union Bag & P 6 United Drug 68 USRub lstrfs US Rubber 7. .. Utah Pow & Lt 5i Va-Car Chem 7 ‘Warner Sug 7s'41. 18 West Elec 5s. 26 ‘West'n Union 6%s Westinghouse Willys-Ov 6%s°33. 7 Wilson & Co 1st 6s. 11 ‘Wilson & Co cv 6s. 15 Wilson&C cv 7%s. 24 Youngstn S&T 18 8% 9815 088, 967% 102% 96% 1004 954 1024 127 95% 10013 101 96% 74 9I% 102% 994, 1014 3 98% 8% o7 98% 9615 102 96% 100% 95 101% 1254% 954 100 100% 95 87 9214 102% 99 101 9015 97 85 T4 3% ” —————————— Water piping can plaited straw rope, Rav, 8% 110 307% 100 5% %4 3% 98% be protected against frost by ‘covering 1t with RAILROADS. Sales, High. Low Atchison gen 4s 2 9% 894 Atlantic C Licl 4: 1 B6% 864 AtlanticC L 6 92% 924 AtlantisC L 8106 105% 106 1 884% 884 884 14 g2 9% 92 11 89 88u 88% 88 101% 101 10L% 7 108% 103% 103% 25 102% 102 102% Y 28 100 99% 100 & O PLEWYV 4 1 86% 856 B6% Bklyn-Manhat 6s. 13 86 85% 86 Buff R& Pitt4%s. 9 86% 85% B85% Canad North 6%s. 3 118% 118% 118% Canad North 7s... 14 116i% 1165 116% nad Pac deb 4s.. 80 79% 79 T9% r Clinch & O 6s.. 35 107% 107% 107 ntral Pacific 4s. 19 87% 87% < Ches&Ocvdls.. 18 97 96% Ches & Ogn 4%s.. 10 88} B8% Ches & O cv 5s.... 165 105 103% Chi & Alton3s.... 1 63 63 Chi & Alton 314s.. 45 B65% b3 “hi & Alt 3%4sctft. 1 50 62 Chi B&Qgn 45°58. 10 90 - 40 CB&Q-I3k%s... 13 84 83% CB& Q-Olldivés. 6 93 924 Chi GreatWest 4s. 41 G2% 62 43 7% 6% 49 48 484 43 32 46 Povis 114 464 44 Y 5 80% R0l Pri4lss. 184 46 48% 47 44w 100 98% 100% 1007 108 108% B4 83N 82 BT 2:50. 894 867 924 Q = 3 Ll g 2% §28 St P4s 25, 10002000 00Q0¢ ERSERRRE PapRenRe FREHE Chigw lnann .. Cleve Term bs. . 5 100% 100 C&WI5%s"62. 98 9% & St Libs. . 96 95 &StLrfhsA. 2 104% 104% C&S1st4s'29.. 984 984 Colo & Sou 4= 92% 92% Cuba RR5s. 87% 87 Del & Hd Ist rf 4s. Del Hud v 58 '35. . Den & Rio G cn 4 D & Rio G imp & D & Rio G Wst 58 Det United 413s. Erie 1at cons 4s Erie conv 45 A Erie conv 4s B. Erie conv 4s D Erie con ext T 2 Gr Trunk sf db 6s. Grand Trunk Great North Gr North 53 GrNorth gen Ts. Green B& W db B. Havana ERL&P 5: 1 864 86% Hud & Man ref 5s. £7% Hud & Man aj bs 72 Il Central 5158 102% 102 NIC-CStL&NOGa 4 98 474 lowa Cent rf 4s. . 28 22 Int Rap Tran 66w 65t Int Rap Tr 5sstpd. 62 66 65l Int Rap Tran bs. 72 72 Int Rap Tran 7s. $0% €0 Int & G Nor 1st 6s. 8 1034 103 Int&GNorajés.. 61 71 70 Kan City Ft S 4s. . 834 81 6% 108% 108% 107% 107% 164% 11615 93% 93% 937 101 100% 100% 110% 109% 15% 15% 15 MLGRANSSELL FINANCI California New l Potatoes Reach Eastern Markets Special Dispatch to The Star. NEW YORK, March 20— crop potatoes from California ap- peared in the New York market for the first time this season today, and met a very limited outlet at $2 to $2.9% for No. 1s and $L76 for No. 2's. The stock was packed in lugs weighing about 28 pounds each. Old crop State potatoes wers dull at $1.50 to $1.76 per 150- pound sack. HIGHER AT CLOSE Break im Foreign Markets Causes Violent Tumble in Early Trading. By the Associated Press. CHICAGO, March 20.—Al! grain un- derwent a severe fall in value today as soon as the market opened, wheat tumbling down as much as § cents a bushel and rye about 7 cents. Re- ports of an impending failure of a grain firm in Antwerp were in circu- | lation, and today Liverpool quota- | tions showed a big drop. as compared | with yesterday. Under such circum- stances, a selling stampede took place here, but % ®ood sized volume of buying developed, and the wheat market quickly steadied. Chicago opening prices, which ranged from 1 cent to 51 cents lower, with May 1.58% to 1. and July 1.38% to 1.39%, were followed by many it changes, but with a general upward trend th: lifted May wheat to 1.613. Corn and oats we: governed chief- ily by the action of wheat. After | opening at to 4% cents off, May | 1.15 to 1.16, the corn market reacted | to a fair extent Oats started at % cent to 1% cents loss, May 43% to 44. Later rallies were made, but only a part of the de- cline was overcome. | Provisions reflected the weakness of lgrain and also of the hog market. Subsequently the market scored a sharp advance, influenced by reports of {dust storms in Kansas and Okllhoma- and- because of official figures showing | less than 6,000,000 bushels a month left | g6, | for export from Canada between March! of Riggs at o and September 1 WHEAT— 5 May July .. | September September . OATS— May ks “prember | ! RYE— Kansas City S 58 894 89 Kan Cy Term 4s... B4l R4 Lake Shore 45 '28. . 95K 981, Lake Shore 48 '31.. 96 96 Lehigh Val cn s 8015 8§05 Lehigh Val 5s 2003 17 100 993, Louis & N uni 4s... 935 9315 Louis & N5s B.... 10 103% 103% 103i Loufs & Nash 5155, 1 106% 103% 106% Louis & Nash 7s. 106% 105% 106% MI1EI Ry & L § %7 86% 87 MK & T adj 5 85% K34 Ban MK&TprinssA 92 91 92 Mo Pacific gen 45 B4% 64 €4y Mo Pacific 5s "65. .. 871 BTYH 8Ty Mo Pacific6s. . 1007 100% 1007 Montrl Tm 1st 5s.. 9614 061 New Or Term 4s... 89 80% N O Tex& M In 5s. 94% 944 NOTex&M5sB.. 925 8214 NOT&M54%s 100% 100 N O Tex Mex 68 1004 1004 N Y Cent deb 4s. 91% 941y NYCentcn4s'93. 15 8415 84 N Y Centribs 101% 100% N Y Centdeb6s...195 111 110 NYCentLScl3ks 1 75% 75% NYChi& St Litss 95% 95 NYC&tLEsA 103% 103% New Hav d 4s 57 57 New Hav cd 6s 89 89 New Haven 7s 190 100 NY, Ont W 1st 4s 67 67 NY Ry rf 4s ctfs. 461 46% N Y State Ry 4%s. 65% 65 ¥ W & Bos 4%s.. 64% 621 rfolk & W cv 6s. 14 134 13315 Northern Pac3s. .. 614 61 orthern Pac5s D 978 97 Northern Pacr16s 4 107% 107 Ore Short Liref 4s. 957 964 Ore Sht L cn 53 °46 105% 105% Ore-Wash Ist rf 4s e §2 Pennsyl con 4133, 99% 99y Pennsyl gen 4138, . 8415 04% Pennsyl gen 55 103 103 Pennsyl 55 '64. 974 97y Penunsyl 61ps. 110% 110% Pennsyl gold 109% 1091 Peoria & E inc 4s.. 3215 8215 Pere Marq 1st 5s.. 99 9 Por RL& P 68'47. 9T% 97 Reading gen 4333, 93% 931 RIArk & Lid%s T 851 St LIM&S 45°29... 4% 9415 St LIM&S R&G 4s. 864 &6 StL&SFplésA.. 76 4% StL&SFprinbs. B8% 8aly StL&SFb64sD.. 978 978 St L& S F ad) 63 874 87y StL&SF inc 6 80% 80ty StL&SFplésC. 103% 1034 StLS W istds 80% 8074 StL.S W con 4832 88% 3 St P& KCShL 4%s 843% 84 Seab’d A Liref és 66 €5 Seab'd A Ladj 5s.. 74N 44 Seab'd A Licon 6s.. 88% 894 Sou Paclfic 48'29.. 97 96% Sou Pacific ref 4s.. 81 804 Southern Ry gn 4s T84 6l Southern Ry 1st 55 21 101% 101% Southern Ry 68 ct. 44 10414 104% Southern Ry 6%s. 109% 109 Texas & Pac 1st 53. 2 1004 100% Third Ave ref s b3% BE% Third Ave adj 6s. . 421 a1l Tol St L& W 3%s. 998 991, Toledo Trac 6s.... 1 1004 100% Union Paclstds... 2 93 9274 Union Paoc 1st rf ¢s 86 £o% Union Pac 4s '27.. 99 99 Un Pac 1strfés... b 105% 105% Union Pac cv 6 103% 103% Virginia Ry 1st 3. 7% 96% VaRy &P lstés.. 95% 947 Wabash 1st 5 100% 100% ‘Washash 65, '7 964% 86 Western Md 4s.. .. 64% 64% Western Pacific 55 9313 934 ‘West Shore 1st 4s. 83 83 Wheel & L E cn 4s 73 78 993, 3%, - DA 10 R DD e D RAW SILK STRONGER. NEW YORK, March 20 (Special).— Raw silks were a little stronger to- , regaining the 5 cents a pound which had been cut from quotations Thursday. Trade was only moderate, however. The cotton goods markets were quiet and unchanged. Print cloth quotations stood at 9% cents for 64 by 60 and 11% for 68 by 72. PARIS BOURSE UNSTEADY. PARIS, March 20—Prices were un- ttled on the Bourse today. Three per cent rentes, 47 francs 10 centimes. Exchange on London, 92 franes § centimes. Five per cent loan, centimes. The dollar was quoted at 19 francs 2714 centimes. 86 franes 70 G TREASURY CERTIFICATES. (Quotations furaished by Redmond & Co.) ———Noon.—— Bid. Offer. . 100518 1 99 20-32 100 s June 15, s September TR 8 December, 13 1925 Kfi- 100 15-16 101 1-32 ! tew above 10.00: light heifers in fairly My Jul LARD. a; ul 1710 RIBS— | May 885 19.02 | 3wz 185,90 | \COTTON QUOTATIONS | | STAGE SHARP RALLY Census Figures on Crop kemove; Uncertainty Hanging Over Market. NEW YORK, March. 20.—The repert | of the Census Bureau showing a| total ginning of 13,630,608 running| bates from the growth of 1924 about came up to expectations of cotton traders here. Publication of the fi | ures, however, removed uncertaint { which probably had held some buying in check, and after opening steady a decline of 1 to 6 points under over- night selling orders, prices rallied rather sharply. | Covering and rebuying by recent seilers on the advance carried the| market up to 25.67 for May and 25.42 | for October, or about 18 to 23 points net higher. The buyving was encour- aged by continued dry weather in the i Southwest and early reports of firm spot markets in the South, but late cables from Liverpool were slightly disappointing, and the advance here met sufficient realizing to cause re- actions of 8 to 10 points from the best. New Orleans Quotations. NEW ORLEANS, March 20.—The cotton market opened steady about unchanged, and prices eased off a point or two during the call. The Census Bu- reau report of gin totals for the entire season of 13,630,000 running bales was about as expected. With the report out of the way, and the map showing no rain in the West the market advanced rapidly, May trading up to 25.66, July to 25.85 and October to 25.05, or 20 to 25 points above yesterday's close. To- ward the end of the first half hour of trading prices eased off a few points on the official forecast for rain in east Texas, Trading was fairly active, iCHICAGO LIVE STOCK MARKET CHICAGO, March 20 (United States Department of Agricultur. Receipts, 33,000 head; slow 10 lower than Thursday’s low point, or 15 to 25 lower than average: light {lights and slaughter pigs. 25 off; shipping outlet narrow; extreme top, 70 to 325 pound weight, | 13.75a14.10; 140 to 150 pound averages, 13.00a13.50; bulk, packing sows, 13.15a 113.40; strofg weight slaughter pigs. mostly 12.00a12.50; heavy weights, 14.00a14.25. { Cattle—Receipts, 3.000 head: most {Kkilling classes, strong to 15 higher: fairly active: killing quality of fed steers, largely medium; bulk, 10.00; few weighty steers here; best handyweights. 11.10; few loads 10.50a 11.00; well finished yearlings scarce: urgent demand: above 700 to 900; recent decline on better grade fat cows regained: bulk bologna bulls, 4.2524.75; vealers steady: mostly 8.50a 110,50, according to weight; 180 to 176 pound averages, 12.00a12.50 to ship- ipers; fairly limited demand for welghty calves; others than cholce kind; stockers and feeders steady; mostly 7.00a8.25. Sheep—Receipts, 8,000 head; active; unevenly; steady to 25 higher; mostly steady: bulk, good to choice, 84 to 89 pound welght. 15.00816.00: early top, 16.00; weighty kind, mostly 14.00a 14.25 choice, 92-pound clippers, 11.2 fat sheep and feeding lambs, un- changed; good ewes, 9.50; bulk, shear- ing lambs, 16.35a16.60. P GERMAN BONDS AND STOCKS. (Quoted in doliars per million marks.) Bid. Asked. | Ger Gt (war loas) Ss 191418 1630.00 06 Hamburg 448 1919 850. Ger Gt 4-08 (forced e it 18 dotiace per (heunnfl ‘marks,) Ger Gen Elec 4 24.00 25, Ger Gen Elec 4! S Rerlin 4s pre-wa Hambg 35, 318 & 48 pre-war Hamburg Amer Line digs.... North German Lloyd 433 North German Lioyd Prussian Consols 3 Krupp 5s 1921. Dugseldorf 48 pre-war. Frankfort a-M 4s pre-waj Munich 4s pre-war. Badische Auilin. A E G (Ger Ge Eiec) . + | Commers and Privat Bank Disconto Gellschaft Dresdner Bank. | tions. | was resorted to to have Riggs reii { will be retained, | September 15 next, v AL, RIGGS BANK BUYS NORTHWEST SAVING Transaction Ends Long and Bitter Dispute Here in Banking Circles. BY CHAS. P. SHAEFFER The Northwest Savings Bank has been acquired by the Riggs Nationa Negotiations were consummated yesterday afternoon, when the holdings of Francis M. Savage, president of the acquired {nstitution, amounting to mec than 75 per cent of control, were k | by the national institution at $25 share. Par is $10. The transaction renders the Dist banking escutcheon again serene calm. Entrance of the Riggs witl branch office to the Mount Pleasant di< trict a few yvears agh was bitterly pre tested by Mr. S8avage, who contended the | territory was not fertile enough profitably support two banking institu Every conceivable line of comt quis the fleld. The matter was taken 1 through the District Bankers' Assoc tion, the office of the controll currency whic granted Riggs operat ing rights, Congrese, the r:\ <P Bankers' Association—but all to avail lats Minority Holders Guarded. Minority stockholders of the abs ed institution will be given to dispose of their holdings at same figure Mr. Savage received sald. At least a part of it wag Burns, it e personne mated, In cashier of cluding Gregg . the Northwest, who wil undo“‘fl-d!\ be placed in an ofcial capacity the reorganization. For the 1t ing Mr. Savage will re president, but only as long !:\lf‘!:l essential to the ir the bank's afr; s. He has requested Riggs officials that he be !rfl":s-‘ t the earliest possible moment Riggs National will follow two policies in carrying out the at sorption. It will sither national | Northwest and later convert it In hra_nrh as was done with the Hamil ton Savings, or lig ate The forme procedure is in favor at the moment it is understood. The bank will be onducted under its present Northwest Savings Bank,” for z but timately it will house and become the Washington Hei. ghts branch of Riggs. The present branc Eighteenth str d soms time bet the lll!' hen erty expires. Glves Riggs Largest Branch. ansaction gives to the institution its largest bra | deposits of about $1.400.000, a fmately $100,000 more than at Fo iteenth strest and Park road. orthwest Savings had depos bout $875,000, with capital of §1 000 and earned surplus of $50.000 and a goodly amount of undivided Mr. Savage does not plan to f | the District banking field. |after u short visit to the W Mrs. Savage, he intends to retu organize here a bona fide savin titution. He will make Wa his permanent home The transaction struck the | banking fraternity e a bomt While it was generally concedec orthwest Savings' end w able, the identity of the pu caused much consternation Savage Explalns Action. Mr. Savage has fssued the follow iz statement, which explains his acti On my return from the West [ wa approached in a fair-minded way one of the directors of the Riggs tional Bank, proposing to bu bank. He stated that they had option on 40 feet near us, but t would rather buy the institution tha build. I then had my brother-in-law from New York, an attorney for some the larger banks there, and my co: fidential friend and business associa from Gary, Ind., who had known n all my life, come here and advise n what 1 should do, as 1 held in | cess of 75 per cent of the stock of the advised me that th not sufficient business in this localit to assure the prosperity of two banks and there would not be for years to come, and that we sell. “In negotiation with friends the allied interest agreed to pa $28.75 a share for the stock. and aft a conference I accepted their advic by selling my stock at that pri with an agreement that the sa price was to be paid for the remai ing shares. “The aseociation with the director has been close and unusual frie: 1y and I deeply regret that it m be broken. Work with the facy has been co-operative and a rea pleasure. To the patrons of the bank I am grateful.” Convention Committees Meet. W. J. Waller, chairman of the ger eral convention committee of tha Dis- trict Bankers' Association, held a meeting of the various committees his home last night, when machiner for the annual conclave was put motion. Mr. Waller outlined the each committee is expected to pla and urged exertion of every possib effort to make the convention a gre: success. Trading on Local Board. Railway common refoined the of active stocks on the local exch this morning, 50 shar ward to 108%. Riggs rose several points to 351, and Mes genthaler sold at 181% upward to 152 Capital Traction was firmer at 91, b Lanston was unchanged at fracti aliy above 83 Banks Declare Dividends, The American Security & Trust ¢ has declared its regular quart dividend of 3 per cent, payable or April 10 to stock of record March Directors of the Farmers snd Me chanics’ National Bank have declared an extra dividend of $4 a share the capital stock of the Institutior payable April 1 to stockholders o record at the close of bu March 24. some should DIVIDENDS. Pe- ¥iod. Rate. Q % , 5 Cunard_ 8§ Co.. Cities, Service. Do. pf B Riv X Greenwich BK. Gold & 8tk T.. Hamilton Shos. Hous G & FI pf. Midlapd Val... Plek (A) & Co pt @ St PG om el g Do. prior pf... RE S gghaad i 13 e, FEEFLD RARQR Date. Lo Mar. 21—Am Cnaia_Co Tnc class A Mar. 21—Chandler Motor Co.... Mar, 21—Cluett Peabods Co Inc pf. Mar. 21—Com Bolvents Corp class A . 21—Devoe & Ray Co Inc st pf... - 21— Blectric Storage Battery Co.’. - 21—General Baking Co.. 3 luod StI Prod to pt - 21— Monts Ward & Cg ne pf.. . 21—National Suppiy Co ! 31 Pettibone Malilks Co. |u ,1 .21—U § Trust Co of N Y KKEHK:E!: RATES ON BAR SILVER. NEW YORK, March, 20.—Bar siiver, 67% ; Mexican dollars, 5I%.