Evening Star Newspaper, March 22, 1925, Page 36

FINANCIAL. THE SUNDAY STAR, WASHINGTON, D. O, MARCH 23, 1925—PART .'( NET CHANGES DURING WEEK ON NEW YORK STOCK EXCHANGE FINANCIAL,, =192 1925 Div. Wk adiag el 02 1085, Net. | 1984 105 Dir, Woek ending March 91, 1025, Net. S Weok onding March 21, 1988, Not. p —1886—— 1905 High. Low, Rate. Low. Close, Chge. | High. High. Low. Kate. High. Low. Oloss, Ohge. 3 e 5 High, Low. Olose. Obgo. . ‘High. Low 61 67 Abitib! Power & Paper T se e 4w 144% 182 17 Delaware, Lacka & West. ... Asm 182 184 57 86 % 4 X 431 46% — 2% | 86% 58 825 3% Adams Express. 95 944 4 5 60 40 -— Den, Rio Gr. & West pf 40 424 51 61% — 2% | 864 100 843 6 Advance Rumley. 18 $l4% 1 119 110 8 Detroit Edison il “uls 11 N 125% 11618 28% % Advance Rumley pf. 50% 50 16'% 13% 2 Dome Mines. 15 14 144 New York Central. 2 Zoony 101% s Alr Reduction 14 1 Dougias & P 4% New York, Chi & 8 %o+ % | TIN P 4% 0 Ajax Rubber. 5 % 6 ~——— Duluth So Shore & -..B 5 New York, Chi & St L pf. 90% : Riaoks Torons 184% 10 Du Pont de Nemours. —— New York Dock. All Am Cables (6) 94 6 Du Pontde Nem 6% d b5 New York Dock pf. 86l 834 85 2 105 7 Duquesne Light 15t pf. L New York, N H & Hart 118% 117% . 18 Eastman Kodak. 1 NY,Ontario & Western. Aliis-Chalmers Mfg. . ... 84 9% 1 2 New York Shipbuilding. .. Allis-Chalmers Mfg pf. 106% 105 7 NY Steam Ist pt. Am Agricuiture Chemical. .. Nigara Falls . — Am Agriculture Chemical pf Niagara Fls Pwr pf (1%) 2 206 +12%American Bank Note. S Norfolk Southern. 2% 23 43 4 American Beet Sugar 8 Northfolk & Western 129%2180% 544 26% —— American Bosch Magneto. . 8.40 North American. A 4 46 106 951 5_ Am Brake S & Foundry 981 196% 8 North American pf. s 8% 185% 168% {7 American Can.. 181% 169% 5 Northern Pacific, 5 63 651 119% 115 7 American Canpf. 117%2117% 4 —— Erle Railroad 2d pt. . 1 Nunnally & Co. : % 9% 2324 192 American Car & F 22341206 % 2 Exchange Buffet. 60c Onyx Hostery 22 122 Am Chain Class A. 2.60 Falrbanks, Morse & Co. 7 Onyx Hoslery pf. 4 8% T8Y% ‘American Chicle 8 Famous Players-Lasky. 1.80 Orpheum Circuit American Chicle pf. 8 Famous Play-Laskey pf. 6 Otis Elevator (ne American Chicle ctfs 47 Federal Light & Traction. 6 Otis Elevator pf 104 ‘Am Chicle pf ctfs. 6 Federal Light & Trac pf. — Otis Steel 9 9 Am Druggist Syndicate. —— Federal Mining & Smelt's. American Express. .. 7 Federal Mining & Smelt pt Am & Foreign Power. 6 Fidelity-Phoenlix Fire Ins. 1 Am & Foreign Power pf. 64c Fifth Avenue Bus American Hide & Leather 5 Fisher Body (new). ... Am Hide & Leather pt 8 Flsher Body of Ohio pf. American Ice. . 4 —— Fisk Rubber. American Ice pf. 5 1 Fisk Rubber/st pf. American International 4 Flelshmann Company. Am La France Fire Engine 8 Foundation Company Pan-American Pet Trane. American Linseed. . . 23% 7 Franklin: Simon pf. 4 Pan-Am P Trans Class B. American Linseed pf. 58 —— Freeport-Texas. " 3 Panhandle. . o ‘Am Locomotive (new) . 137%3129 Gardner Motor . . Panhandle pf American Locomotive pt.... 118111184 8. General American Tank. ... g . Park & Tilford. ‘American Metal. .. 7 General Am Tank pt. Parish & Bing stamped. . American Radiator. —— General Asphalt. Penna Coal & Coke. ... Am Rallway Expre b5 General Asphalt pf. Pennsylvania Rallroad. ‘American Republi 6 General Baking. Penn Seaboard Steel American Safety Razo 8 General Clgar Peopie’s Gas, Chicago. Am Ship & Commerce 8 General Electrio. 60 Peoria & Eastern. W 9215 ‘American Smeiting & Ref 60c General Electric special. + 1 Pere Marquette. 110% 105% Am Smelt & Refining pt General Motors (new). Pero Marquette pr pt. 1501 144 American Snuff, 6 General Motors pf. . Pere Marquette pt 99 984 Am Snuff pf. General Motors 6% Y fladelphia Comp: 46 4T8% 91 10% ‘Am Sumatra Tobacco. 364 Am Sumatra Tobacco pt. 4T 40% Am Telephone & Cable. 136% 130% Am Telephone & Teleg. ... 9y 85 Amer Tob new)... Woek ending March 21, 1925, Ne: High. Low. Close. Chge ‘Western Pacific. 3¢ N— 92 53 +1 ¥ Westinghouse Alr Brak Westinghause Elec & Mfg. tinghouse Elec 1st pf. . ton El ric Inst . Weston Electric (A) Wheellng & Lake Erio ‘Wheeling & Lake Erie pf. White Eagle Ol 5 ite Motors. +6 Electric Storage Battery —— Elk Horn Coal. —— Emerson-Branting! —— Emerson_srantingham pf. Endicott-Johson. Wilson & Co ctt Wilson & Co pf. Willys-Overland Willys-Overland pf. . ‘Woolworth (new). Worthington Pump. Worthington Pump A.. Worthington Pump pt B Wright Aeronautical Wrigley (Wm). Yellow Cab. . Youngstown Sheet & RIGHTS. Foundation Co.. International Tel & Tel. 3 E Public Service, N J . 268 P W g 2 o Reading Railway. 19% 20% — it vidend rates as in the above table n t based on the latest quarterly or half )urlylu:crflrlahx:o;xu"vfn?::: Shatetee noted. extra or special dividens are not included. +t Partly extra. REACTION SWEEPS OVER MARKET, WITH ONE TO FIVE POINT LOSSES ] [1]1]20] [+ =neve 25 +++ )i+l U | | - N ahBm@ma LIS$I+I L1101 L 254001 P rTery & I+14 Pacific Tele & Telg. Bears Force Many Pivotal Stocks to Lower Levels. Norway Exchange Makes New High Record. Oil Shares Active. RRRNE N 1+ —— Gimbell Brothers. . 7 Gimbel Brospf.... 1% Ginter Company’ —~—— Glidden Company . —— Gold Dust. . —— Goodrich (B F') Company. By the Associated Press. lost ground. United State X NEW YORK, March 21.—A sec-|common showed & nei lons of 105 oo ondary reaction swept over today's|120%, Baldwin fell back 3% to 1531. stock market in the final hour, halt- | American Can yielded 5% to 174 ond ing a rally which had carrled over|Studebaker jed nearly & Boln from the previous day and bringing|lower at 42%. ¥ Tolng 1+1 i) 897y 106 1124% 48% 103 103 64% 8415 Amer Tob B (new) 10415 108% 34% 95% Amer Tob pfd.. . Amer Type Foudries Amer Water Wks (n) Am Water W & El par pf.. Am Water W. Elec 1st pf. American Woolen American Woolen pf. Am Writing Paper pf. American Zinc Lead & American Zinc L & 8 pt. Anaconda COpDer. ....ssses Ann Arbor. - ‘Ann Arbor pf. Archer Dan Midland . Archer Dan Midland pf Armour of 11 (A) . Armour & Co 7% pf. Arnold Constable & Co. Assa Dry Goods. ‘Associated Dry Goods 1st. Assoclated Dry Goods 2nd. [ | - - 7 Goodrich (BF) Copf. T Goodvenr Tirea Fabber bt 98% 8 Goodyear Tire & Rub prpf..2107 ~+— Granby Consolidated. . 5 Great Northern pf. 4 Great Northern Ore ctfa. 8 Great Western Sugar i —— Greene Cananea Copper. —— Guantanamo Sugar. Gulf, Moblle & Northern. Gulf States Stesl. Hanna (M. A.) 1st pt. 17 8% —— Houston Oll..... i —— Hudson Manhattan 5 Hudson Man pfd FLLT L4+ 141144+ o 3 +1++ —— Pittsburgh Ter Coal. Pitts Ter Coal pf.. 41.20 Pittsburgh Utilities pf. +1.20 Pittsburgh Utilites ctfs —— Pittsburgh & W Virginia. 0 Producers & Refiners Public Serv Elec Powe: Public Bcrmflfl' Public Service 7% pi Public Service 8% pf. Pub Service Elec & Gas pf. about net losses of 1 to 5 points In final quotations. The suddenness of the decline led to a rather general belief that it originated with pro- fessional traders, who apparently took advantage of the impaired tech nical position resulting from the re- cent sharp rebound. Pan-Americans Break. The Pan-American Petroleum isues. which have been in active demand in expectation of a near announce- ment of reeorganization plans in- volving the formation of two sep- arate companies, one to take over the Mexican properties and the other Callfornia oil lands, bore the brunt of the selling pressure. The A and B stocks had touched new high levels on the movement at 81% and Three and Four Point Losses. United States Cast ron I3 which touched 199 in the ’l\nr’h' fren Ing, later fell back to 18014 loss of 4%. Some of the other out tanding weak spots in the trial list included American Lx tive, General Electric, Solvents A, Nash Motors ar Arms, all off to 5 points. pendent strength was shown ever, by American Water W wl?lch touched a new record top 45%, and by American B et Y American Express, Fed, and Traction, Loose- “III~ E'w Union Tank Car and United States \mr-]l\ng all of “hl'n closed 2 to ¢ points higher. 324 1.50 Associated Ofl (new).. 8 Hudson Motor Car. .. : SR IR 1l 127% 116% Atchigon, Topeka & S Fe. ... 1! . 8 e n S oms b AN Han HoReKN Be et 6 Iilinots Central pf 1054 92 % janta, Birmingham . > 166 147% ‘Atlantic Coast Line. .. e o 20 Atlantic Gulf & W e E e, : 2 4 2 A O T Indian Refining . 1% 64 T il —— Indian Refining pf. 13714 106 116% 113% ‘Atlantic Refining p 8, Insersoll-Rand. : e o s2 san Atlas Powder. e S tias Powder pf 5 & - t 8 —— Inspiration Copper. 12‘= . —— Interboro Rapid Transit. 4 —— Intern Agriculture 8 Internat'l Bus Machin Eaidwin Lacomotie % 4 International Cement Baldwin V’“’:“‘ ve p! 2 % 2 Internat'l Comb Engini o (s 5 International Har, new. sl : 4 % 7 Inter Harvpf (new). Bargor@ oot : ’ i —— Inter Mercantile Ma: - > - —— Int Mercantile Marine pf. Barnadhll, Classd 274 4 —— International Nickel. Barnsdall, Class B 5 54 6 International Nickel pf. Bayuk Bros. ... . : ; 2 —— International Paper. . L e : 7 £ Lotk ayer vt iavioea Bethlehem Steel Df new. : ; 3 L e e CoE A, Bethlehem Steel, 8% Df. -« s AR e SO sherles. ... .. 5 5 . : Booth Fi e » 90 6 Inter Telephone & Teleg. g;;gf‘fi‘;’;fi; z S s 5 + 243 113 Intertype Corporation. British Emplre Steel ; b o s irenaa. Brooklyn Edison Electric. 1 p v TR o Brooklyn$Man Transit..... e Y T Brooklyn-Man Transit pf... ‘ 4 700 Tanesh Do chite pes g;g:‘;:lg‘hg:;‘m Gas 8 s a 3 Jordan Motors 1.40 g:exl Union 8.: : Special Dispatch to The Star. 1% —— Kansas & Gulf. St 6 ell Union Oil pf. = 5 z Brown Shoe pf 4 ; —— Kansas City Southern. ... - 2 Simmons Company : NEW OB, March: 31— s Dronswiok Balke. Al £ b 2 60c Simma Petroleum. S Daiwee st wesk. runswlc . 4 ; Ka. Sinclair Con Oll. . . 2 . = v Buffalo & Susquehanna. e e H E % |Stocks (average of 50 SSUES) wuwsn.euwe 108.37 110 Burns Brothers Kelly Springfd Tire 18 This week. Burns Brothers Class - Kol Springteld Tire bt 83 = else; e Burroughs Adding Ma. sl ey gxm'&mfl-mnc =s ~—— Keystone Tire & Rubber. Butte & Superior Butterick Company . Caado Central Oil R Callfornia Packing. ... California Petroleum (n California Petroleum pf. Callahan Zinc & Lead. . I1+1++1] & - 823, respectivel but they broke Foreign Exchanges Steady. Eunta dlegre Bugar. 5 later to 77 and 77% closing at the| Rails were mixed. Pers Marquotte Pure Ol pf “ % % 4 |bottom prices for net losses|preferred advanced nearly 2 ?m”. Radio Corp. of America. . 3 and 3% polnts, respective-|and Frisco preferred hil el Radio Connclof A Bid;. : Traders who had bought|Island, Lackawanna, Rallway Securitles odd lot. these stocks “for a turn” around |Western, Western Pacic Rallway Steel Springs. . thelr low levels last week were|others fell back a polnt or two. J L5 - : quick to take profits when the first |sey Central by oints on a fey Y Comoliaated Copvss, signs of weakness appeared. sal &1 broke 4 points on & fow Rapts Tesnsit Tesablos: Foreign exchanges held relativaly steady in quiet trading, th A sudden break in the Interbor-|ture being the estab. n ough Rapid Transit issues was some- | Bew Righ record for 1. what of a mystery. The common |Norwegian kroner at 15.50 conte stock fell 8 points to 'a new low at 16%, and then rallied to 18, while = anhattan Co. guaranteed and the modified guaranteed droppad 14 and DIVIDEND ]S REDUCED. 4% points, respectively. The seiling| NEW YORK, was belleved to reflect the company’s dividend of as urgent meed of new capital in order|by the Transue & Williams to purchase new equipment and pay | Forging Corporation from . for the cost of lengthening fts sub-|to January,,.l reduced to way platforms. 50 cents, payabla April 15 to stock of All the so-called pivotal industrials |record, March 31. Financial Highlights of Past Week Brought Out in Nuishell by Statistics LU+ +l+I+4110 #Raw Reis (Robt) 15t pfd. Remington Typewriter. Remington Typewr 2d pf.. Replogle Steel . - Republican Iron & Steel. Republic Iron & Steel pf.. Reynolds Spring....... Reynolds Tobacco, B sos 4.42%Royal Dutch ctfs ( —— Rutland pf. 2 StJoseph L. 5 St Louts-San 5 6 St Louis-San Fran pf. —— Bt Louls Southwestern 5. 6t Louls Southwestern pt. —— Savage Arms 3 Schulte Store: 2 8 Schulte Retall Stores pf.. —~—— Seaboard Air Line. . —— Seaboard Air Line pf. 6 Sears-Roebuck. . —— Shattuck Arizona. 2.06 Shell Trading & Transport B Ed FREZ 1 b T 8 8 8 5 1% 8 3y 4 8 4 2 2 8 ; 1 3 L S SR S S | I & I3 [NE RN 2FsRER T+++11 1+ Bonds (average of 40 issues) .. Foreign bonds (average of 10 issues) Federal reserve ratio . Money rates in New Yor L Southern Rallway pf.. r Cali .. Kuppenheimer. - % —— Spicer Manufacturing. & Time .. Laclede Gas. . Spicer Mfg pf. 4 Lee Rubber & Tire. Standard Gas & Electric. Lehigh Valley * Standard Gas & Eiec pf. Liggett & Myers Standard Milling. Liggett & Myers (B). Standard Oll of California. . Liggett & Myers pf. Standard Oil of N J., Lima Locomotive. Standard Oil of N J pf. t Loew's, Incorporated. Standard Plate Glass. Commercial failures— Loft, Incorporated. Sterling Products. 2 Number . ! Long-Bell Lumber A.. Stewart Warner Speed 5 " Liabilities i i % »,m. Loose-Wiles Biscuit 90 Stromberg Carburetor Revenue car loadin w c(k of Mar. 7 Loose-Wiles Biscult 2d pf. 111 Studebaker. . All commodities . 3 Lorillard, P. 3 Studebaker pf. A Grain and grain products .. 12% 6 8% Submarine Boat. ' Coal and coke Superior O1l, 5 « Forest products .. Superior Steel . Miscellaneous products . Sweets Co ot A Symington. Symington ( Tennessee Copper & Chem. Texas Company. . . i Texas Gulf Sulphur. Unfilled steel orders. Pig iron production. Building permits— Ntmber of cities {5 00 0 O O 1 A ) Case Threshing Mach pf. Central Leather Co. Central Leather Co pf.. RES TN +H1I+1+11 Century Ribbon Mills. Cent Ribbor Mills pf. Cerro de Paaco Copper. Certain-Teed Products. 1,60 McCrory § Certin-Teed Frod 1st pt 5 1 Mctatvos Freetbing Mices: Certainteed 2d pf 7 Mackay Cos Chandler Motar. 6 A 4 Mackay Cos pf. 68 % 9 ; 98% 9 Chesapeake & Ohio. 97 & Mack Trocks, 189w 197 1094 4 6% Chesapeake & Ohlo pf. Mok TeRE (B peiay e 188 156 0% 8% Chicago & Alton. . 9 B4 84 7 Mack Trucks Ist pf. 106%2106% i 4 Chicago & Alton pf. 7 Mack Truck 2d pf. 1021531021 Chicago & East Iilinols. ... Macy (B I & Do CH Chi & Eastern Illinols pf. 7 Macy (RH) & GopE, Chicago & Great Western. . . Mg Ciother. Chicago & Great Western pt. v e sl Chi, Milwaukee & St Paut. .. Chi, Milwaukee & St P pf... Chicago & Northwestern. ... * Chicago & Northwest pf Chicago Pneumatic Tool. Chicago, R1 & Pacific Chi, R & Paclfic 6%. .. Chicago R 1 & Pacific 7%. Chic St Paul M & O pf... Chicago Yellow Cab. Childs Company Chile Copper. . Chino Copper. Cluett-Peabody . Coca-Cola. Coca-Cola p! Colorado Fuel & Iro Colorado Southern. . Colo & Southern 2d P Columbia Gas (NeW)....... 574 Columbia Gas & Elee pt 1os Columbla Carbon. .......... 47 Commercial Invest Trust. Comm Invest Trust pf Commercial Solvents, A Commercial Salvents, B. Congoleum-Nalrn. Conley Tin Foil. 3 2 —— Missouri Pacifis pf. ... Consolidated Cigar. 4 Montana Power. Consolidated Cigar pf. z 7 MontansTower Consolidated Distributors. Coneolidated Gas new Consolidated Textile. Continental Can 1161 114 Continental Can pf. 109'% £9' 120% 103 Continenta! Insurance. .. 84 6 i Continental Motors. ... 48% 314 41% Corn Products Refining 1288 115 Corn Products Ref pf. 22%, 5% Cosden Company. .. ... 80 90% Cosden Company pf. . 48 2 Crhicible Steel. .. Crucible Steel pf. Cuban-American Sugar. ... Cuban-American Sugar pf.. Cuba Can Sugar. . %5 Cuba Cane Sugar pf. Cuban-Dominican SUgar. ., . ¥ W% | 44% 18 Cuba Dominican Sugar pf. 89 67 Cushman’s Sons (3) 169% 128% Cushman pf.. S 3 6% 8% Cuyamel Fruit 5 : B2 3 1% Dauiel Boone Mills. 4 % — % | 2% 54% Davison Chemical s 32 16% 117% —— Nevada Con Copper De Beers Mines. o 200 W | 121% 93% 8 New Orleans, Tex & 1 7 2% Deere & Copt. 91 91 Y% | 57% 45% . 63% 5 Newport News Gas & Elec. 57% b5T% 8% 139% 104% 146% 136% 9 Delaware & Hudson. 1420 137% 138% ~a% | 51" 76 98 , 82% 7 Newport NewsGas &Elpf. 93 ” 164 2 Ludlum Steel Fas i) (IR A The Year 1925 to Date on the Washington Stock Exchan e. Furnished by W. B. Hibbs & Co. Tu to and including Saturday, March 20, BONDS. en. Hig $6,000—C. and P. Tel. 1st § 20,000—C. and P. Tel. of Va. bs 54,000—Capital Traction 1st bs 5 1000—City and Suburban Ry. 1st bs. 12500—Georgetown Gas Lt. 1st Gs. 4.000—Pot. Elec. Power 1st b 83,000—Pot. Elec. Power cons. . 3.600_Pot. Eleo. Power gen. and ref, 5 11,200—Pot. Elee. Power ref. 3; g:g~§’a!: GB.ll and Annap. lst ‘United Cigar Stor —Was] as Light gen. 5s. United Drag. e 1 v | 51,800—Wash Gas Light 6s. United Drog 1at'f ", , © % |106:500—Wash. Ry. and Elec, E e s S e 4 167,600—Wash. Ry and Elec. gen. and ref. 2,000—Dist. of Col. Paper Mfg. st 6s. 4,000—Wardman Park Hotel 6s 4,700—Riggs Realty (long) 5s. STOCKS. 7 USCastIr Pipe & Fary pt. 3,349—Capital Tractlon.. U S Distributing Corp'n ’ 3111 Weshington Ghs 23 1,208—Wash. Ry. and Elec. com. 1777—Wash. Ry. and Elec. pfd. 130—Commercial National Bank. 1—District National Bank Timken Roller Bear. Tebacco Products. Tobacco Products Class A. .. Transcontinental Oil Transue & Willlams. Twin City Rapid Transit. I+11) 14+ 5 Manati Sugar. 4 Manhattan Elec Supply 8% Manhattan Elevated gtd. - Lo L. Market St Railway %a pf. Marland Oil & Refining. Marljin-Rockwell. Martin-Parry Mathleson Alkall. —— Maxwell Motor, Class A —— Maxwell Motor, Class B.... 5 May Department Stores. .... 106% 1.89 Metro Goldwyn Pic pfd. 194 7 Metropolitan Edison pf...$101 —— Mexican Seaboard. 14% 2 Miami Copper. —— Middle States Oil. 8 Midland Stl Pr pfd (8) —— Minneapolis & St L new. .. Union Tank Car. United Alloy Steel . *++l b0+ 000010 ey B e S (I IE 2 I 3 I T I I B % +1 1++1 11 LI 12—Liberty National Bank 46—Metropolitan 290—Riggs National 40—Second National Bank. 86—Washington National Bank. 132—Amer. Security and Trust. 108—Continental Trust 150 Merchants' Bank and Trust. National Savings and Trust. 1&—Uni0n Trust 60—Washington Loan and Trust 257—Firemen’'s Insurance 221—Columbia Title. 2,418—Lanston Monotype 646—Mergenthaler Linotype 11,495—National Mtg. and Inv. pfd 12—N. and W. Steamboat. 1—Security Storage 30—Washington Mark. LNLlaTED DE PARTME\ 100—Army & Kavy Club 5 27—Chapin-Sacks Ss pfd. 4—Chapin-Sacks 7s pfd. 5—Chapin-Sacks com.. 200—Citizens’ Savings Bank 4—Departmental Bank 12—Munsey Trust 50—Washington Base Ball.. 12—District Title Insurance 14—Washington Title lusur: 3 Moon Motors. 76¢ Mother Lode —— Mullins Body . . 8 Mullens Body p S Munsingwear. . 2.40 Murray Body +11 Nash Motors. —— National Acme. OB AS TR ENE A ARRE S E LTS ERE "R RBRURERLRLYs 3 8 “M —— Virginia Railway & Power —— V Vivadou Ine... I ++++1 - {0 G T T L s U =%2 aeFsax —— Nat Enamel & Stamping. 7 Nat Enam & Stamp pf. 1% Waldorf System (new). 7 Ward Baking pf. —— Ward Baking Clas 1 ‘Weber & Heilbroner (n 108% 102 Western Penn Pow pf. 127 4T% West Penn Co (The| 97 87% P ‘West Pern pf... 17 1% ‘Western Electric o i — Nat Rwys of Mex 2d pf. 8 National Supply. .. | & R A R NS S NN | @ {12 AL V3 I B B 96% 95% 95% 116% 115%3115% 14 12% 13% 20% 16% 18%