Evening Star Newspaper, March 24, 1925, Page 22

22 ‘FINANCIAL. WESTERN RAILROAD SHARES IN TUMBLE Break in Afternoon Proves Feature of Day’s Deals in FINANCIAL. WHEAT SELLS OFF | RIGGS BANK STOCK ON RAIN REPORTS; SGORES NEW HIcH & Lull in Export Demand Also| Two-Point Gain Today While . Helps Selling in Fu- Some Other Local Issues THE EVENING STAR,” WASHINGTON, D. C., TUESDAY, MARCH 24, 1925. NEW YORK STOCK EXCHANGE | BONDPRICES RALLY,| Coxrow o BONDS roc scaascr] THEN TURN WEAK ! Weakness in Western Rail Stocks Spreads to More Open. High. Low. Close. 6% 6% bW 25 24 24 80 80 90 T0% €74 6€TW 28% 28 28 3t 20% 80% 70 70 70 “ o4 u 85% : 35% 36% 67 A24% ' Sales. High. Low. WarnerSug7s'41. 1 92 ¥2 West Elec s 10 984 98% West'n Union 2110 110 Westinghouse 7s.. 1 107% 107% Wickwire Spen 7s. 12 86 Wilson &Co 1st6s. 3 95% 95 Wilson & Coov 6s. 2 71% Tl% Wilson&Cov 7%s. 17 724% 71% Youngstn S&T 6s.. 7 08% 98% | Guantanemo. .. Gulf Mo ¢ Nor. Gu M & N pf(6). Gulf St Steel (5) Hartman (2%).. Hayes Wheel (3) Helme G (6.70) .. Homestake (17). House P (13%) Houston Oil. 1 ADItIbI Pow (4). Adams Exp (6). Adv Rumley. ... { Ad Rumley pf (3, Air Reduct (16) . Ajag Rubber. 95 95 95 95 Esles. High. Low. 2:50. 1% Uk 1w 1w Lib8%s.... B0 10114 10111 10214 96% 98 964 964 Liblst4i%s 45 10121 10119 10121 10% 10% 104 10% Lib2d 4%s. 85 100 30 100 28 100 29 Alasks Juneau 1% 1% 1% 1% Lib3d 4is. 344 10120 10117 10118 An 23 Lib 4 43%s.. 435 10130 101 27 101 29 Alli:«;ncc)i.a':le((l;) T ik 5 Bw US4s1944. 50 100 21 100 18 100 21 Allled Cm pf (7). 113 s 4 10424 104 24 104 24 18 118 62 Wall Street. BY STUART P. WEST. Specal Dispateh to The Star. NEW YORK, March 24—For the first half of today's session on the Stock Exchange the greater part of the list held steady. Recoveries of a point or so occurred In United States Steel, Baldwin Lo omotive, American Can and other leading industrials. on around 1 o'clock came a sudden luge of selling in the Northwestern flway shares. Chicago and - Northwestern broke oints, Northern Pacific neanly eat Northern preferred the Union Pacific under 139 was to where it was quoted five suthern Pacific dropped close to par. Two Lerding Causex. wave in the rails was to two causes. One was the big since the first of the month in ultural prices. . other was the emphasis made competition of the Panama the official statement ac- 1% the announcement of the aul insolven Chicago and Northwestern sold at new low for the vear around 56 This was quite in keeping with the nt show of earnings. The sible surplus is not running much ad of $5 a share, as against $4 ing_paid in dividends. and tae stock has been eelling in the 60s. Public Out of Market. Public iterest was negligible and business was confined largely to the profetsional clements. Short cover- nz went on in some directions, while . liguidation was induced elsewhere by the faflure of stocks to hold the ground rocentlr zained on rallies This was true 6f the oil shares, which were unfavorabiy influenced by cruds ofl p cuts,-and of some of the steel shares. € Mfornia Pete Up. individual features eferred. The They way it Intimations to be called The com- s actively bought, as in view of the prospect «ferred stock being cleared The street has heard about new interests California Pete, and would not be surprised at an an- nouncement to that effect. Tranxit Shares Rebound. The statement by the legal officer of the Interborough Rapid Transit that no receivership was in prospect had more effect than it had the day Lefore. Interborough bonds and stock rebounded, and so did Manhattan guaranteed. There was speclal buying in Hudson and Manhattan, ~under { which the stock rose te 26 as against the recent low of 21%, although is thought unlikely that a dividend will be declared, as has been gossiped about, at this week’s meeting. auc dron vpon th Canal in st Ona stock ran up that it w mon stock s natur of the p cut of the way for some time buying into of the few California i%t rdble 2t today bore out MARKET CLOSES WEAK. Standard Industrials Again Freely Sold in Last Hour. ed Press. < NEW YORK, March 24—Publication of relatively poor February earningi reports by some of the Wéstern rail roads brought about & renewal of sell- ing pressure in today's stock market, which continued to sag to lower ground. Union Pacific, New York Cen= tral and many other leading rails and industrials slipped to new low levels for the year. Total sales approximated 1.500,000 shares. The closing was weak. Standard in- dustrials were again_in - free-supply toward the close, United States Steel common touching a new- 1925 low at 117 and Baldwin at 115 United States Cast Iron Pipe, American Car and and Savage Arms broke 5 to NEW YORK, weak; U. S. Steel, Baldwin and lead- ing rails at new lows. - Bonds steady; Interborough and pan-American sues rally. Foreign exchanges firm francs rally to around 5% ton heavy, Southern selling. easy, trade selling. Coffee low creased spot Chicago—Wheat ing export inauiry. Corn ea: fecding demand. Cattle i Hogs steady to lower. RIVERDALE TO FIGHT CHANGE TO BUSSES Epecial Dispatch to The Star. BALTIMORE, March 24.—The town of Riverdale, Md., has notified the Public Service Commission of its in tention to oppose the plan to sub- stitute motor busses for the electric railway between Washington and Laurel, Md. R. P. Caruthers, city clerk, in a latter to the commission, asked that the mavor and council of Riverdale be notified in time to have repre= senttives at the hearing on the ap- plication of the City and Suburban Railway Co. to discontinue the rail- way service and substitute busses. Mareh egular, DIVIDENDS. Po- Par- able. Apr. Stock of ‘orp. . Record. -Alabama Pow pf Am Beet Sugar.. Do. .. Do. Do. . 7 Com'we: Edis. Dictograph Pr_pf Hanover Nor I Tem Argpe 7% cu 1st pf ser A Wagner E1 M pt G FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks London, pound Montreal, dolla; Parls, Zurich, Athens, Madrid, peseta Yienna. crown... Budapest, crown franc drachma crown crown Stockholm, crown. By the Associated Press. NEW YORK, March 24.— Foreign exchanges firm. Quotatfons (in Unit- cd States dollars): Great Britain, de- mand, 4.78%; cables, 4.781; 60-day Lills on banks, 4.74%. Frange, de- mand, .0524; cables, .05241%. Italy, de- mand, .04061%; o 0407. Belgium, L0508 380; Holland, 2982: Norwav Sweden, .2693; Denmark, .18 Switzerland, .1928 .1 Greece, ~.0161; Poland, 02963 ; Jugo. 000013 %57 - i Argentina, ,3962; Brazil, 41%; Montreal, .9929-32. mmh, 0048, .1139; Tokio, it 24—Stocks | is- | i buying. i weak, _disappoint- ‘ poor | Allis Chalm (4). 804 Am Agricul Chm 14% Am Ag Chm pf.. 37% Am Beet Sug (1) 40 Am Boach 26% Am Brk Shoe (5) 97 Am Can (7). ... 168% {AmCanpt (7). 11T% Am Car & F (12) 208 Am Chain A (2). 23 Am Chicle. 55 Am Chicle pf.... 96 Am Drug (§0¢). 6% Am Express (6). 143 Am & For Pow.. 204 Am&FrPpt (1) 88 Am Hide & Lea.. 11% Am Hide & Lpf. 67% AmIce (7)...... Bi% Am Internatl.... 33 Am Linseed. 208 Am Linseed pf.. 57 Am Loco (118).. 126% Am Loce pf (7y.. 119% Am Metal (3)... 47 Am Radiator (4) 96% Am Safty Rz (3) B34 Am Ship & Com. 11% Am Sm & Ref (6) 93% AmS & R pf (7). 107% Am StiFays (3). 494 Am Sugar. 61 Am Sumatra.... 15 Am T & Tel (9). 183% Am Tobaceo (7). £6% Am Tobar B (7) 6 Am Typ Fdrs (7) im WW&ZI 30 Am W W pf (6). Am Woolen. A Waol pf (7). Am Writ Pap pf. Am Wrt Pap ctf. Am Zine. Am Zinepf..... Anaconda (3). Ann Arbor pf. Archer-Danjels. Armour of Ill A. Armour Del (7). \rn Cons & Co 1550 Dry G (5).. | Asen OF (1%) ... AtT & SFe (7). {AT&SFpL(s). ABrm & At Atlantic C L, (7). At & W, At Gulf & W1 pt. Atlantic Refin. Atlas Powdr(4) . Atlas Tack. . Austin-Nichais. . Auto Knitter Alto Sales. ... Baldwin L (7). . Bal & Ohio (5).. Bang & At (3). Barnsdall A. Tayuk Cigar. eech Nut (13) ethlehem Steel FPeth St pf (7) Beth Stl pf (8) Booth Fisherie Briggs Mfg(3% Bkl Edison (8).. | Bkl-Man Tran. Bkl Union G (4) . Crow- Shoe (4). | Bruns-Palk(30c) i Buff & Sus(1813) Bur Add Ma (3). Bush Term (3).. EButte Cop (50c). Butte & Su(50c). Butterick Co.... Caddo Central. . Cal Packing(6). Cal Pete (1%)... Calif Pet pt (7). Catizhan-Zine. Calu & Ariz (2). Calumet & H500 Can Pacific (10), Case Threshing. Cent Leather. .. Cent Leather pf. CRRNJ (t12) Century Rib (2). Cern d Fasco (4) Certain-Teed. .. Certain-T 2d (7) Chand Mot (3).. Ches & Ohlo (4). Chi & Alton.. Chi & Alton pf.. Chi & East Il Chi & Est Ill pt. Chi Great West. | Chi Gr West pt. Chi Ml & StP... Chi Ml & S P pt. Chi & Nwn (4).. Chi & Nw pf (7). ChiPneu T (5) Chi R F& Pac {CRI&PpRI(6). CRI&P DI (1). {ChiStPM&O.. Childs Company. i Chile Cop (2%). Cluett Peab (5). Coca-Cola (7)... Colo Fuel & Iron Colo Southern... 52 Col G & F (2.60). Bd% Col G & E pf (7). 106% Col Carbon (4).~ 46 Com Solv A (4).. 188 Com Solv B.. ... 181 Congol-Nrn (3). 86% Consol Cigar.... 27% Con Cigar pf. (1) 83 Con Distributrs. 6% Consol Gas (5).. 76% Consol'Textile.. 2% ! ContCan (4).... €1% | Cont Insur (8) .. 106 | Cont Mot (80c).. 8% Corn Prod (2)... 89% Crucible Stl (4). 6% | Cub Am Sug (3). 29% | Cuban Cane Sug. 13% Cub Cane Su pf.. 58 Cuba Dominican 5% Cuban Dom pf.. 39% | Cushmans (3).,. 64 i Cuyamel Fr ()% 52% Daniel Boone... 3 Davison Chem.. 821 Deere.pf (3).... 90% Del & Hud (9).. 135% Del L&Wn (17). 1324 D&RGWstpl. 39% Detrolt Ed (8).. 114% | Doug Pectin (1). 14% | Dupont (10)..... 138% DuPont deb (6). 97 Dugquesne pt (7). 107 Eastman (18)... 110 Eaton Axle. . 14% Elec P & Lt pf. .. 100% Elec St Bat (15). 63% End-John (5) 65 29% Erfe 38% 37 16% 36% 93 107% 16% 52 153% 81% 10% 79 5% 99% 102% 1% 12 45% 45% 126 944 258 11% 69% 105% 49% 62 34 Brie 1st i Brie2d pf... Exchrage Bf (2) Fairbks (2.60). Famous P1 (8). Famous pf (8) Federal Mine Fed Mines pf (7) Fid Phoenix (6). Fisher Body (5). Fisk Rubber. hFisk R1st (1)... Fleischmann (4) Foundation (8).. Frank-8i pf (7). Freeport-Texas. Gardner Motor. . Gen Am Tnk (3) Gen Asphalt. ... Gen Baking (6). l Gen Clgar (8)... Gen Electric (8) Gen EI spl (60¢). Gen Motors (6). Gen Mot pf (7) Gen Petrol (2). Gen Refrac (2) Gimbel Bros. Ginter Co (1%). Glidden Co.... Goodrich. Goodyear p! ). | Granby Con;o% . Grt North pt ( ). Ort'fior Ore(4).” ‘Grt Wstn Su (8). Greene Canan, 81 14% 39% 40 271% 97 170% 17% 394 103 49 11 2% 2% 4 118 7% 854 238 44 61 40% 94% uo 4% 36% 129 38% 9% 67 36% 89 79 5% 8% 16% 18% 1 102% 29% 112% 3% 49% 14 146 30 16% 54 275 1% 46 419 824 324 944 8 14 32% 47 10% 24% 6 10 624 112% 83 4% 8614 95 43% 51 82 62 821 85 63 56% 106 46 138 135 36% 28 83 7 6% 2% 61% 105 8% 394 67% 29% 13% 58% 5% 89% 64 2% 3 83% 90% 136% 133 39% 114% 14% 140 97 107% 110% 14% 100% 63% 65% 29% 39 37 16% 86% 9484 107% 16% T 14% 36% 89% 264 94 166 u1 198 23 534 964 i 1044 % 28 36% 40 31 20% 91y 9 176 32 17 4% 5% 1504 31% .8 99% 49 10% _23% 2% 4 15 5 36% 21 43% 604 394 94% 110 4% 25 128% o4 7 67 86% 89 79 94 3 16% 18% 1 102% 27% 107% 3 48 14 142% 30 15% 49% 275 39 434 40% 825 81% 9% T T 12% 31% 45% 9% 21% 5% 9% 56 112 82 43% 85 847 43 504 1% 62 87% 83% ' b1% 544 1057% 45 138 181 86 26% 8 6% % 2% 61% 104 &% 38% 6644 29% 13 5T% 5% 2815 64 61% 2 82 20 184% 130 364 113% 14% 187% 97 107 110 14% 100% €1% [ 28% 37% 37 16% 35% 925 107% 16% 63 52 1581 163% 61% 61% 10% 10% 79 18 6% 6% 99% 97% 102% 102% 12% 10% 1% 1% 5% 45% 48% 35 127 126 944 94 265% 257 11% 11 69% 69 1054 105% 50% 48 50 50 50w 49% 284 27 13% 13 524 50% 96 98 16% 14% | 68% _60% 4% 34 94% 93% 8% 14% 374 89% 264 94 168 a1 200 23 B 96'% A% 141 29 Hudson Man. Hud Man pf (5). Hudson Mot (3). Hupp Mot (1),. Tilinois Cent (7). 118% 1il Cent pt (6)... 115 Independ Ol (1) 23% Indian Motorcy. 1 Indfan Refining. Ind Ref pf (7)... Inland Stl (23). Inspiration Cop. interb Rap Tr. Internat Agrl Int Bus Mac (8). 110% Int Cement (4).. Bi% IntCom Eng (£). 35% Internat Har (5) 100 Inter Har pf (7). 114% Int Mer Marine.. 11% Tut Mer Mar pf.. 41% Int Nickel 24% Int Paper 434 Int Tel & Tel (6). 90 96 | Int Tel & Telrts 2 534 | Jones Eros Tea. 17 10'<] Jordan Mot (3). 43% 108 ¥ | KCP &L 18t (7). 100% %8 | Kan City South.” 834 S0 | Keily-Spring... 14w To%| Kennecote (3). . . 48k 130w | Kevstone T& R. 2y W1 Kresge S (8).. 532 864 | Kresge Dep Str. 867 Laclede Gas (8). 161 Lee Rub & Tire. 124 Lehigh Val (314) 724 Liggett & M(14). 58 Lig &My B (14). 574 Lig & My pf (7). 118 Lima Loco (4).. 64% Loews Inc (2) 24% Loft. 0% Long Bell A (1). 45% Loose-Wiles. 81 Lorrillard (3) 34 Louisiana Oll.,. 16 Loufs & Nsh (8). 110 Ludlum (2). 38 Mack Trcks (6). 1234 Mackay (7). ... 114 | Macy HR&Co. T3% Magma Copper.. 37 Maliinson & Co.. 2% Man ElSup (4).. 5.% Man EI md(3%). 39 Man Elevgtd... 77 Man Shirt (1%). 20% Manila Electric. 35 Maracaibo Oil... 26% Market Street... 7% Market St 2d pf. 164 Marland OIl..... ‘36% Martin-Pry (4). 304 Mathieson Alka. 60% Maxwell Mot A.. 84 Maxwell Mot B.. 51% May Dept St (5). 102% May Dp S pf (7). 118 Mexican Seéabd.. 13 Miami Cop (2).. 11% Middle States... 1 Mid-Continent. . 27% Midind Pr pf (5). 97 Minn & St Louls. 2% Mis Kan & Tex.. 32% MK&Tpf(5).. 804 Missouri Pacific. 35 Missouri Pac pf. 76% Mont Power (4). 66% Montgom Ward. 424 Moon Mot (3)... 23% Mother Lode T3¢ 7% Mullins Body . 15% Murray (2.40)... 35% Nash Mot (111).. 284% Nat Acme (sta). 4% Nat Biscuit (t4). 66% t Cloak (4) 87 45 4l 98% a2 - 14454 116 4 6214 13% . 117 82% 116% 128% oY 22% 56% 80 22% 28% 23 128% 45% 48 634 21% 9715 8% 1% (1] Baw 33% 224 57 124% 120 46% 17% 101% 38 80 2% 2u 7% 28 874% 40 S1k 20% 91t 9 175 814 117% 941 | 5% 150% 32 38 99% 49 10% 28% ¢ 2% 4 1164 5% 5% 224 | 43% €0% | 94% Nat D St 1st (7). Nat Enamel & S. at Lead (8). Nat Lead pt H Nat Ry Mex 1st. Nat Supply (3). Nevada Copper. DT & M (7 N Y Canners (2) N ¥ Central (7). NY C&St L (6}.. NYC&StL pf (6). N Y Dock. N Y Dock pf (3). NY NH & Hart. On & Wn (1) gar F pf 13 Norfolk South. . Nor? & W (13) North Am (3.46) North Am pf (3). North Pac (5) Onyx Hoslery. Otis Elevator Otis Steel. . Otis Steel pf. 51 Owens Bol (3).. a4% Pacific Gas (8).. 106 Pacific OIl (2).. 53% Packard (11%). 17% Packard pf (7). . 108% Pan-Amer (8)... 77 Pan-Amer B (§) 78% Panhandle pf... . 50 Park & Tilford. ~ 30 Pennsy RR (3). 46 Penn Seab Steel. - 1% Peoples Gas (8). 115% PereMarg (4).. 654 PhtaCo ($).,... 81% Phlla& RC &L 42 Phillip Morris.. 13% Phil-Jons pf (7). 86 Phillips Pet (2). 37T% Pierce-Arrow... 11% Plerce-Arrow pf 43 Pierce OIl. Pierce Oil pf st Pierce Petrol . 6% Pitts Term Coal. b4l Pitts Ut pf 1.30. 12% Pitts & West Va. 671 -Postum-Cer (4). 99 Press Steel Car. 55 Prod & Refiners. 23% Pub S Gas pf(6). 94 PubSer N J(5). 68% Public Serv rts. 25 Pub S NJ pt (8). 110 Pullman Co (8). 132% Punta AlSu (5). 42 Pure Oil (1%).. 26% Radio Corp of A. 49% Radio Cpf (3%) 60% | Ry Stl Spg (8).. 124 Ry St Sp pf (7).. 116 Ray Cons Cop... 13% Reading (4). 4% Reading rts..... 19% Reading 1st (2). 36 Remington Type 66% Replogle Steel.. 18% Rep Ir & Steel.. 474 Repl& Spf(7). 88% Reynolds Sp (1). 13% Rey Tob A (T).. 140 Rey TobB (3).. 78 Roy Duth 4.42%. 50 St Joseph Ld (2) 46% StL&SanF (5) 684 StL SauF pf (6). 80 St L Southwest. 47% StLSwn pt(5). Savage Arnis. Schulte (*8).... Seaboard Air L. Seabd AIr Lpf.. 38k Sears-Roebk (6) 150% Shell Un (1.40).. 234 Simmons Co (2). 82% Simms Pet (50c) 204 Sinclalr Oll. 18% Skelly Oil. 22% Sloss-Sheft (6).. 82 South Pac (6)... 101 Southern Ry (5) 84% South Ry pf (6). 85% Spicer Mtg. 16% Std Gas & El 4 Std Gas & E1pt. 51 StOil Callf (2).. 68% StOIINJ (1)... 40% Std Plate Glass. 11% Stew Warnr (5). * 57% Stromberg (6).. 61% 2% 4% il 50 502 28 13 51% 93 14% 61% T84 3% Studebaker (4). Suf Submarine Boat. Symington..... 17 2% 25 66% 2% 14% 113% 115 24% 13 6% 7 414 24% 18 9% 110% Ban 363, 10015 114% 114% 1 1% 42% 25 50 0% 2% 17 44n 100% 314 144 48% 2% 244 655 41 14% 12 115 22% 18 5% 7 43 24 15% 9 110% 53% 36% 97 1% 40% 24% 484 89% % 17 434 100% 81% 12% 47% 2% 532 582, 82% 1645 124 T2 58 574 118 64ty 21% 6l 45% 84% 344 82 153 12 0% 58 57 18 631 244 6% 454 80% 34 16% #1564 110 38 125% 114 4% 87 22% 63% 894 7 0% 35% 21 ™ 16% 36% 30% 60% 8714 54n o2y us 13 1% I 28% 97 2% 33% 80 26 7% 6644 434 24 7% 18% 85% 284% 4% 66% 674 5% 4% 98%, 82 146% 116 4% 621 13% uz 2% 116% 128% 20% 224 66% 0% 2244 28y 23 1294% 6% 484 64 21% 97 8% 51 Pree 06, 54y 18 109 8% 9% 50, 80 46 1% 94 107% 36% 12:% 14 73 37 22 52% 364 77 0% 34 264 ) 164 3% 5% 60 B34 hli 101% ns ‘124 1% 1 27 2% 21 64 33 8% 661 1% 23% % 184 35% 284 % 66 67 45 41% 98% 81 143 us 4% 62 18% a7 32% 114% 125 80 18 56 28 21% 28% 22 127% a4l 4" 60% 20% 96 8t 51 a3% 1064 53% 17% 108% 5% 76% 50 30 454 1% 1154 154% 654 85 w1% 41% 134 824 87 11 43 2 0% 6% 643 12%4 66 97 55 23% 94 68 25 ‘10 130% 48 83% 80 a1% 26% % 128 e 12% 2% 195 86 64% 13% I 88% 13% 140 24 48% 46 65% 793 24% 65% 41 14% 12 115 28% 13 5% 77 43 1004 82% | 128 ] 24 532 32 168 12 71 58 57 s 634 24% 64 | 4oh | 81 34% | 15% 109 36 124% | s 311 37 22 624 37 1 0% ,%j | 86% 58 | 101% | us | 124 1% 1 2714 2% 484 | 8 | 51 3% 105% 83% | m.' 109 23% 94% 68 25 110 130% 9% 26% b L0%. 124% s 12 2% v i6 64% 13% 46 88% 13% 140 124 48% P 5% |of the year. Pins | & Conservative ‘Issues. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 24.—Recovery in the local tractions marked trading in bonds today. All the Interboro i obligations rallied sharply from the extreme lows of ‘Monday' more favorable reports. The entire gain was not held, but the rebound was pronounced enough to show that some of the selling of the day before had been verging on the panicky. The refundinig 55 were up nearly 3 points In the first hour, while the 7 per cent notes advanced a point on three successive sales. Other Bonds Higher. Brooklyn Manhattan Transit 6s, in which there had been sympathetic selling on Monday, opened up a point and held fairly steady. At the ex- treme low these bonds were down more than five points from the high of the vear. Third Avenue adjust- ments went up a point, and Third Avenue refunding 4s gained to a less extent. Moderate impravement was shown by Chicago Railways 5s. Central Sixes Rally. In the railway list New York Cen- tral debenture 6s rallled, but not quite as sharply as the stock. There has been heavy selling of thesé bonds by investors who did not care to con- vert into stock and yet wanted to {take advantage of the present price. International Great Northern 6s ran up so sharply &s to equal their high Some of the St. Paul close on |issues were a shade higher, mostly the longer term obligations. Eastern Cuba Sugar 7l43 were the strongest of the sugar bonds and Pan-Amerl- can Pete 65 were the leaders of the oils. There were no fmportant changes in the high-grade rails. Lib- ertys were firm. Land Bank Offering Made. Forelgn bonds, as a rule, were heavy. French §8 made a new low for the year, below 102, and City of Greater "Prague 7l4s equaled their previous low. The German 7s were very firm. \ Thé day's new issues included $3,000,000 Oklahoma Gas and Eleetric 6 per cent .debentures maturing in 1940- to vield 6.15 per cent,. and $6,000,000 Chicago Joint Stock Land Bank 4%s to vield 4.30 per cent to the redeemable date. In the afternoon speculative rail- road issues weakened with stocks, New York Céntral 6s getting down to a new low on' this movement. Pan- | American Pete 65 were all sold heav- 11y ing. reversing the trend of the morn- TREASURY OEBTIFICATE& (Quotations furcished by Redmond & Co.) June 15, 1925.-. September 13, December 13, 1925 Mareh 15, 1926...... 4igs September 15, 1028 4%s March 13, 1637 4153 December 15, 1 25 P 101 31.32 1023-32 101 8182 102 332 “SHORT-TERM SECURITIES. (Quotations furaished by Reamond & Co.) mia er. 106% 1078 Doy 12 1267 1273 | 108 oo Alumioum Co. of Amer. 7s 1933. American Sugar 6 1957 American Tel. AnacondaCoppe: Auglo-American Ol 74 1 sociated Peil Tel. of Canada 5s 1923, Central of Georgia 6e 1929. ... 1 Cent. Leather 5s._April 13, 1925 ] Paui 6e 1904. .. v ific 3i4s 1926, of Lyons 6s 1934...... | Continental Dy Pont Ties 1831, - Federal Sugar Ref '8s 1683, Federated Metals 75 1989 Goodyear T. & R. Ss 1981 Great Northern 7s 1936. Gult 0il Corp. of Pa§ Humble Ofl 5%s 1982 M. St P XS S M lmml Morris & Co. Tis 1980. New York Central 6s 1985, Oregon Short Line 4s 1929. Penma. R R.-Ts1090.- . Puse 011 B2t Avgust, 1935 Tidewaio: ¢ nu Unfpa-Tank Cu 1980 L Rubber um. eotern Uhion . Weatinghotue E. & M ‘ 1 18 e oy Corp. 8 05T, calied® 08 'Fab. 1, 1825, at 101%. Fisher Body ‘Corp. 6s 1025, called. on_ Feb. L 1925, at 102, = 8 8 44% 43% 4 ;‘., iy Tennessee Co Texas Co (3Y. Texas Gulf (7) 109 105 Tex & Pacific. ..q 514 46% Tex & PacC & O/ 14%" 15% 14% Third Avenue. Tide Wat Off Timken (13% “Tobac Prod (6). Tobe Prd A (T) Transcont Ofl. - Un Bag & Paper. H Union Oil. !'"i Union OMl (1.80) Un Paeific (10).: l““ 141 . .188% lfl& 7% . 15 Un Pagcific pf. (d) Un Tank Car (5) 125% 124 Utd Alloy-Steel. .27 27 25% Utd Cigar (13%) 88% 65% 65% United Drug (") 115% 115% 113% Utd Drus 1st 3% 524 63 ~ B2% Utd Fruit (10).. 208- . 208 . 206 Utd Ry Inves pf. 494 .49% 49 U S Cast Iran P. 188 178 U S Distributing 31% * 80% U S Hoft (2), .5+ - 244 24w U S1nd Alcohol, 8% 76% U S Realty (8).. 1175 115% U S Rubber. 36 35 U 4% 38% 45% 464 118% 128% J § Smelting USSmpf (3%). uUs unr 123 - Bt 107 Steel (+7) U S Steel pt (7). U STobaceo (#). l%u U STob pt (7)..c 107 ++10 Universal Pipe.. 3¢ 35 38% Univer P pf (7). To% 75 "Utah Securities. 66 63% 'Venadtum, .. 26% - 26% vivadou : 108 10w wabash. . 26% 23% Wabash Df A .. 6% 623 Waldorf (1%) . 16 15% 89 38 51 b1 15 118 96 96 " 106% 4% 15% 914 128 884 73 % K 3% % 26% 189 5 124 25% 654 114 63 208 494 119 80% NK II-'M i) 3% 454 U 123% Bl 107 334 5 64 28 28% 63 16% 38 51 1us 96 Ward Baking B. Weber (4). ‘West Pen (4) 63 92 2 53 19 30 5 12 16 1 14 13 3 .8 .14 2 55 6 21 3 14 1 17 16 19 4 23 [ 1 43 Argentine 8s A.. Argentine 6s B. Argentine T Austria 7s Bank of Japan Belgium 61, Belgium 6%s w Belgium 7%, Belgium $s. Berne 8 Bollvia 8 Bordeaux 63 Rraz(] 7a. Brazi] 7% Brazil §s Canada bs 1931. Canada 6s 1952, Canada 618 1929 Chile 75 19487, Chile 83 192 Chile Rs 1941. Chile 851946 Con Pow Japan 7 Conenhagen 5348 “uba 5%s . “zecho 8 1951 Danish Munic Denmark 6s Denmark 8s. TEI5%s Mcl .16 DET5%sNov'ss. 6 Duteh East I 6847 Dutch East 1 63°62 El Salvador 8s'48. Tinland s £ 6 "45 Wramerican 7% trranch 7s Trench 7148, “raneh & Ger El 6% German Ts. .. Ger Gen Elec T8 Aireek T Halti 8s Huneary 6% Japanese 615s. .. Jerzens U M 6s Lyons 8s. Marseflle 6s. .. Montevideo 7. Netherlands 6s Netherlands 6s *72. Norway 6s 1948 Norway 63 1944 Norway 65 1952 Norway 8s... Orlent I‘lav deb 6s Parts-] Med 6s Parls-Ly’s-Med 7 Paris Orleans 7s. . Poland 6s°40. | Poland s '50 wi. . {Prague T4s Queensiand 7s. . Ri6 de Jan 8s 194 | R10 de Jan s 184 Rio Gr Do Sul 8s. . Sao Paulo City 8s. Sao Paulo State 8s Seine Dept of 7. Serbs Crot Slo 8s. | Sweden 5%sct.. | Sweden 6s {Swiss 5368 1946, Swiss Confed §s. U4 Kingm 5%8°'29. 6 Ud Kingm 5%s'37 54 Ud Steam Copen 6s 21 Anh Agr Chem T%s 25 Am Chain sf 68 '33. Am Cotton-Oil 5s Am Repub deb 6 | Am Smit & R Js Am Sug ref s AmT&Tcltrds AmT& Tecltrss AmT&Tsfbs... Am T & Tdeb5i4s 43 AmT&Tcvés.... 8 | Am Writ Paper6s. 2 Anaconda 1st 8s_.. b1 Anaconda cv db Ts. 25 Andes 7s to« pd... 24 Armour & Co 4%s. & Armour Del 53s. Associated Ol 65 Barnsdall s f 58 Bell Tel Pa 5s Beth Steel pm 5 Beth Steel rf 55 Beth Steel nf 6s Brier HSt 15t 548 Bkiyn Ed gen § Bklyn Union G bs. | Bush T Bidg 55 °60. Calif Pete 63s. Can Gen El deb 6s. Chile Copper 6s |{Cin G E5%s 62 Col Gs & El 58 sta. Commonwth P 63. Con Coal Md 15t 58 Com G NY 538 wi._ . Consumers Pow 53 Cont Mil 615 44 Cuba Canecy 7s Cuba Canecvd §s. Cuban Am Suw 8s. Det Edison 58 '40. Det Edison ref 6 Donner Steel 7s... Est Cuba Sug 7 Empire G&F 7%s. Feder Metls 75°39. Fisk: Rubber 8 Francls Sug 7% It Gen Elec deb 5s Goodrich 6% Soodyear 83 193 Goadyear 88 1941. { Hershey 6a 1947 Humhle O&R & Itlinois Bell 18t 68. Illinols Steel 4% Indiana Steel 3 Int Mer Marine 6s. 40 Inter Paper bs '47. 106 KCP&Lt5sA'S2, 14 Kan G & E1 6853 Kelly-Spring 8s. ... Lackawa B 58 °50. Laclede G 5148 '53. Liggett & Nyrs 5 Lorillard (P) 5s Louisv G & E 68 °52 Manati Sug st Tis | Marland Oil 8s.'31. Mid-Con § *40.. Midvale St Montana Pow 53.° Mor's&Co 1st 4%5s. New Eng Tel bs. .. N Y Ed 5844 wi NY Edents. §14 NYG BL- H&P 48, . NY 45 . N Y Tel6s’ h. N Y Tel 65°49. North Am E¢. (9 North Am Ed 6%s, Nor Ohio T&L 6 Nor States Pow Ss. Otls Steel 8s. Pacific Gas &El 5l 9 PacT& T 1st5s... PacT&T 63’62, .. 1 21 32 9 18 FOREIGN, Sales. High. 96% D64 102% 9b% 99% 85% 93 109% 107% 1084 93 84 8214 107% 96% 102% 108% 102% -92% 1024 1064 106% 43% 111 90% 96% 8 29% 109% 101% 3 110% Y% 97Th 100% 7 100% 104 851 9314 £9 98 102 87% 94% 5% 851k a4y R8% N 9T% 774 a2 93% 97 102 9674 1005 95% 102 126% 47 100% 101 97 8T 9234 102% 108% 101% 50% 9% 95 29% 1004 9% 98 103 107% 106 102 1007 100% 75 101% 245, 9 9713 101% 108% 100%- 107% 90% 107% 106 106 102 103% 111% 105 1038% 104% 1094 1o % 101 98% 944 102 8% 89 97%- 101 96% 93% 8% 100% 9% 934 100 105% 97 0% 9% 83% 99% 100% ' 113 8T 964 106% 100 100% 103% 95% 46 96% 95% 99% 95% Low. 96% 96 1024 5 9% 85% 2% 109% 107% 108% 92% 84 8214 107% 9614 102% 108% 102% 99 1024 107% 106% 43% i 9044 964 9T% 99% 109% 101% 110% 9% 97Y 1004 100% 103% 85 8% 88% 97% 101% 274 94 23% 85 o4 RRY w1 4% 814 MISCELLANEOUS. 96y 8T a2 93% Y6% 1017% 6% 100% 95 101% 126% 475 100 100% 964 87 923 102% 104% 100% 50% 96% 81is 99 100 99% 87 103 107% 105% 102 100% 100% 844y 101% 94% 90 0745 101% 108% 10044 107% 89% 10734 105% 105% 1015 10315 1% 105 103% 104 108% 119% 104 1008 984 i 102 88Y 8% 973 100% 96 931 9814 100% 95% 9314 100 105% 96 2:50. 98% 96 102% 98 9% 855 92% 109% 107% 108% 93 84 ¥2% 107% 96% 102% 103% 102% 994 102% 108% 106% 4314 1 204 964 1% 99% 109%4 101% 110% 074 974 100% 100% 108% 851 934 R8% 974 101% R7Y% 0416 43% 83l 944 B8% 91 o4% £4 B4 0 102% 20% 29 831 9915 100 113 868, 964 106% 108% 100 1031 95% 95% 95% 95 99% 954 834 100 13 87 96% 106% 109 100% 103% 964% 96 964 9 99% 95% AT% 704% 79 69% 109% 109 23% - 22% 38% 37% 1524 149% 23% 23 82% 824 0% 19% 18% 18 28% 22% 83 Blw 101% 99% B85% 82% 85% B4% 17 16% 44% 434 51 61 58% 57% 40% 39% 11% 1% 571 b5% 61'% 61 2% 41% 4% 28% 5% 16% 45% 0% 17 18% 13, 13% Symington A (2) .20% 20% 20% 7944 | West Pen pf (1). 45% | West Maryland. 704 | West Md 2d pf. 69% | Western Pacific. 109% | West Pac pf (6). 23 |west Union (7). 118 F 3744 | West Alr Br (6). 100% 6% 151% | Westinghse (). 23 | Westhse 1st (). 824 | Weston Elec. 19% | Weston A (2) 18 | Wheel & L Eri 22% | Wheel & L E pf: 82 | White Eagle (2) 100% | white Mot (.. 83 | Wickwire Spen. 84% } wilson & Co. 17 | wi'son & Co pf. 43% | Willys-Overind. 51 | Wills-Over pf... 57% | Woolworth (3). 39% | Worthington. .. 11% | Worthington B. 57 | Wright Aero (1) 61 | Youngstn S&T. . 2 ~0dd lots. 4% 231 | Divide: 9% 16% 20% 13 67 CUnless 12% 404 8% 24% 26% 59% - 60 e 94 304 11% 84w 114% 4% 0% Partly extra.. jPayable in Ere ThE. Rt &n‘"{-‘m"n.w istest quarterly or half-yea; e | otherwiss noted, dividends are not included, 12% 11 17% S16% 40% "39% 88 87% 88 119 118 1184 100% 1004 100% 66% 66% 80 80 80 1010 " 10 -20%" 204 204 12 268 _ 11 39% 1% 115 28 - 23 264% 26% b7% 57% % % 9 9 29 29, 1% 1% 85% 8¢ Eb% 116% 113% 113% 49% 46 47 71 T0%. 11 8% 17% - 17% 67 67 . 67 referred stock. table extn " Tpechi | 16%.| Pan-Amer Pete 65.376 Pan-Amer Pete 7. People's Gas 5 Phila Co 5%s '38.. Phila Coref 6s A. Phila & Rd C&I 5. “Sublic Service 55 Public Service 6: Pub Serv Eleo 6s.. Punta Alegre 7s. . Saks & Co st Ts. Sinelair Oil 68 Sinclair Ofl 6% Sinclair Oil 7s SinCOPLSs Skelly Oil 6% South Beil Tel 5. Southwest Bell 68 Tenn Elec Pow 6x. Toledo Edn 1st 7s. Union Bag & P 6s. 12 United Drug 6s... 20 US Rub 1st1f5s.. 24 US Rubber 7%s... 8 U S Smelter 6s 5 USSteels f6s.... 34 Utah Pow & Lt 55. 14 94% 94% Va-Car Chem 7s... 40 85 4. Vertiente: 7s. 6 94% 93% 934 Warner Sug 7s'39. 8§ 79% 78% 79% 118% 111% 106% 106% 96 96 96 96 '95% 95% 5 104% 104% 1045 100% 100% 100% 1041 104% 1043 96l 96 96 105~ 105__105 105 105 106%° 106% 106% 107 105% 105% 88 87T% 874 92 014 91% 8 1004 100 100% 109 108% 1084 99% 99% 99% 954 98 98% 101% 101% 101% 109% 109% 109% 9% 96 96 101% 101% 101% 85% 85% 85% 105% 105 105 101% 101 101 105% 105 195 m%s 108% 12 105 | RAILROADS. Atchison adj 4s 83% Atchison gen 4 Atlantic C L 1, AtlanticC Lcl 4 834 89% 91% 86% Y% 884 81% 100% 86 103% 102% 1 11 3 .11 o 12 12 12 B&OSWadlviks Bklyn-Manhat Buff R & Pitt 4% ‘Canad North 6% Canad North 7s. “anad Pac deb Car Clinch & O 6 Centof Ga5%s Cent of Ga 6s. .. Central Pacific 4, Ches & O cv 4%s Ches & O gn 4% Ches & O cv b Chi & Alton 3% Chl B&Q 18t 11 5: CB& Q-1 3%s. .. CB&Q-Olldivis. 7 Chi& Elgnbs....143 Chi GreatWest 4s. 66 CM & Puget Sd 4s. 39 371 62 . 92 4 96 . 47 27 12 18 43 79 84 20272222220 Chi Un Sta 614s. Chi & W Ind cn 4 C&WI5%x62... COC & ST, 5% COCE&StLrI6sA. Cleve Term 5s Cleve Term 54 C&Sintds’29. ... Colo & Sou 414s. CubaRRSs.... Del & Hd 15t f 45 Del Hud cv 68'35. . Den & Rio G cn 4s. D & Rio G imp Fs. . D & Rio G Wst 5s. Det United 414s. .. Frrie gen 4 Erieconv 4s A. Erie conv 4s B. Firle conv 4s D. Erle Genes<ee +Erle (Pa) cit tr 4s. Gr Trunk sf b 6s. Great North 5s Gr North 5%s. ... Gr North gen 7s. .. Green B& W db B Hud & Man ref 5s Hud & Man aj 5s 111 Central ref 4s 111 Central 53s. 11] C-C St L&NO &s 13 Int Rap Tran 5s...113 Int Rap Tr s stpd.163 Int Rap Tran 6s...133 Int Bap Tran 7s... §9 Int & G Nor 1st 6s. Int & G Nor af 6s Kan City Ft S 4s Kansaé City S 3s Kansas City S 5s Kan Cy Term 4 Lake Shore 4s°28.. Lehigh Valcn 4s 891 102% £2 074 57 91 ¢y | 4w €45 | 72 103% 96 1073 0815 100% Manhat hy en 48 | an Ry 2d 45 2013, Market St Ry 7s. . MK&T Istds.. MK & T adj 5s. IMK&Tprinbs A IMK&TS8sC. . Mo Pac 5s 1926 Mo Pacific 5s Mo Pacific 6s.. Montrl Tm 1st bs.. New Or Term 4 NOTex&MisB NOT&M5%s N Y Centcn 4s'85. N Y Cent deb 4s NYCentribs N Y Cent deb NYC&StLdbis. NYChi& St L5%s NYC&tL6sA New Hav cd 6s New Haven-Ts NY Ry rf 4s c NY Rys adj NY W & Bos 4155 Norfolk & W cn 4s. Norfolk & W cv 6s. Nerthern Pac3s... Northern Pac 4 Northern Pac 5s Nerthern Pacr Ore & Calif 15t & Ore Short L ref Ore Sht L cn 55 '46 Pennsyl con 41 s Pennsyl gen 4158 Pennsyl gen 5s. Pennsy) 55 '64. Pennsyl 6% Pennsyl gold Ts Pere Mrq 1st 4s '58 Pere Marq 1st 5 PorRL&P6s” Reading gen.4l4s Rio G West 1st 4 St LIM&S 4s'29. St LIM&S R&G 4 J10 2 4 :‘Sua_ ~ BoeamnlBubion ~aminnaE~ 5.8 0 b s Swunnandsia San A & Arn P 4s.. Seab'd A Liref 4s. Seab'd A Ladj Seab'd A L con 6s. . Sou Pacific 4829 Sou Pacific ref 4s. . Southern Ry gn 4s. Southern Ry 1st 68 Southern Ry s ct. Southern Ry 6%s. Sou Ry Mobile 4s Term Asso St L 4 ! Texas & Pac 1st bs Third Ave ref 4 Third Ave adj 5 Toledo Trac 6: . Union Pac1st Union Pac 482 Union Pac cv €8 Virginia Ry 1st bs. VaRy & P Ist & Wabash 1st 5 Wabash 2d 5s Washash 5s, "7 Western Md 48 Wilkes B&E 1st5s 10 ‘Wisconsin Cent 4s. 2 CHEAPER BANANAS SEEN. Heavy Receipts Are Expected to Bring Down Price. By the Assoclated Press. A BALTIMORE, March 2¢.—Bananas should be selling much lower during the next 30 days or so owing to Heavy receipts at this port, Three frult steamers arriving over the week end brought 110,000 bunche: of ‘bananas from Cuba and Jamaica. Four more vessels are due during the week. The sudden influx of the fruit €s &ue to the present banana harvest in the tropics, maritime officlals sald. tures Today. By the Associated Press. CHICAGO, March 24—Showers in Kansas tended to ease down the wheat market today during the early dealings. Indlcations that export buying of wheat had come to some- thing of a halt for at least the time being were also Influential toward a setback of prices. On the other hand, Jiverpool ‘quotations were higher than had been looked ®or, and selling pressure here was light. The open- ing, which ranged from % decline to % advance, May $1.68% to $1.70% and July $1.4815 to $1.49, were fol- lowed by numerous fluctuations with- in 1% range, and mostly below yes- terday’s finfsh. Corn and oats were weak as a re- sult of dearth of shipping demand from the East. After opening at % oft to % up, May §1.13% to $1.13%, the corn market underwent a drop of more than 1 cent all around. Oats started unchanged to % down, May 45% to 451%. Later the decline became general. In line with corn and hogs the provision market pointed downgrade. WHEAT— Open. May . 1.69% July 1481 Beptember ..... 1.36 CORN— May ... Juiy Ll September . 1.13% T 118 4514 6% ATy ..i1.30 C1e LTod . 1852 Beptember . [ARD— COTTON QUOTATIONS DO BETTER TODAY Reports of Lack of Rain Help Raise Values—Weevil Re- | port Due. By the Associated Press. NEW YORK, March 24.—The cot- ton marKet opened firm today at an that southwestern rains had been inadequate and on relatively steady Liverpool cables. Some of yesterday's sellers peared to be re-buying on reports of little prospect for further rains in | Texas for the present, but after ad !vanc!nx to 25.57 for May and 25.18 for October the market eased off several points under renewed liqui- | dation. Sentiment seemed to be un- l!*lllsd by the continued irregularity of the stock market and there was some liquidation of March contracts representing about 4,000 bales New Orleans Prices. NEW ORLEANS., March cotton market opened active. The higher cables than due, absence 0( rains.in the West and the announce ment from Tallulah, La., port on weevil emergence from hibe nation will be issued tomorrow caused first trades to show gains of 10 to 15 points. The - market con- tinued to improve after the opening call until May traded at 25359, July at 25,87 and October at 24.80, or 19 to 20 points above yesterday The official forecast for generally fair and colder weather in the West help- ed the advancing tendency of the market. CROP VALUES HIGHER IN 1924 THAN IN 1923 American farms produced $12,404, 000,000 in 1924, according to estimates prepared by the Department of Agri culture, indicating an increase of $55,- 000,000 over 1923. The department at- tributed the Increéasé to higher mar- ket values for certain crops, as con- trasted with reduced values of live| stock products. |, Cereals accounted for $5.220,000,000, ‘or 45.8 per cent of the total, com- pared with 88.8 per cent In 1923; corn $1,701,000,000 and hay and forage at $1,733,000,000. GB.AIN AND PROVISIONS BALTIMORE, Md., March 24 (Spe- clal) Potatoes, per 100 pounds, 1.00 al35; sweet potatoes, - barrel, 2.50a 6.00; vams, barrel, ‘2.50a5.00; aspara- gus, dozen, 4.00a9.00; beans, hamper, 4.0026.50; beets, crate, 1.50a1.75 Brussels sprouts. quart, 10a20; cab- bage, ton, 8.00a12.00: Kale, barrel, .1.00 aL.25; carrots, bushel, 1.50a1.15; cauli- . crate, 2.00a3.00; celery, crate, 25; cucumbers, crate, 4.00a5.00 ezgplants, crate, 4.0086.00; lettuce, basket, 1.00a3.00: onions, 100 pounds, 2.75a3.25; oysterplants, 100, parsnips, basket, 25a35; pea: 2.00a3.00° peppers, crate. radishes, hamper, 1.50a2.50; . bushel, 30a75; squasl, crate, 5.0085.50 tomatoes, crate, '2.00a8.50; turnipe, basket, 50a85. Apples, packed, barrel, 3.50a7 bushel, 1.00a2.25; grapefruit, box. 3.00; oranges, box, 5.00a6.30; straw berries, quart, 25a45, Selling Prices at Noom Wheat—No. 2 red Winter, spot, ex- port, no quotations: No. 2 red Winter, spot, domestic, 1.79; No. 2 red Win. ter, garlicky, domestic, 1.79; No. 3 red Winter, no quotations. Sales—None. Corn—Cob, new, 7.00 per barrel; No. 2, 1.30. \ Sales—None, Oats—No. 1. 57; No, 3, 55. Rye—Nearby, 1.10a1.20; spot, 1.32%. Hay—Receipts, 43 tons. The local hay market is very quiet; with an ample supply of all grades and kinds on hand to satisfy the limited de- mand prevailing. The competition of truck receipts from nearby country points is making itself severely feit. Quotations today—No. 2 timothy, 19.00a19.50; No. 3 timothy, 16.00a17.5: 0. 1 light clover mixed, 18.00a18.5 . 1 clover mixed, 17.50a18.00; No. clover mixed, 16.00a17.00. Straw—No. 1 wheat, 15.50a16.00 per ton; No. 1 oat, 15.50a18.00; No. 1 straight rye, 18.00a19.00. U. S. Steel’s Book Value Estimated At $273 a Share By the Associntéd Press. ’ NEW YORK, March 24.—The estimated book value of the com- mon stock of the United - States Steel Corporation, calculated an- nually by C. A. Morse, stock ‘ex- change broker, after the issuance of the annual report, is placed at 3273 a share, compared with §269 a share at the end of 1923 and $196 a share In 1916. 0: vellow, spot, 6.75a track corn, yellow, No. 2 rye, advance of 8 to 18 points on reports | ap- | incident to the circulation of notices | 24.—The ! s close. | was valued at $2,890,000,000, cotton at | Go Lower. BY CHAS. P. SHAEFFER. Stock of the Riggs National Bank apparently knows no limits. In to- day's session on the Washington Stock Exchange it scored an addi tional 2-point gain to 363 on sale: 15 _shares. This stock, representing the largest financial institution in town, which has just acquired the Northwest Savings Bank, has been the 1925 fea- ture of the local market, its rise be- ing meteoric in comparison with many other issues. Traded in to date to the extent of 315 shares, which eclipses any other bank issue on the board, the security has registered an advance of $47 a share since January 1, at which time it was selling at 306, the year's lowest lev. Washington Railw & Electric preferred suffered a decline in today's trading, selling off to 81% on the in- 4 itial sale, and later to 81%. Lanston, likewise, was weaker, a limited num- ber of ‘shares being exchanged at 81%. National Mortgage & Invest- ment preferred was firm but un- changed at 9%. Despite a fractional decline Raflway 4s, the bond market strong. The long term carriers e off to 79% on sales of $6,000, whils Potomac Electric Power 75 sold at 11071, the highest price of the year Potomae consolidated 68 brought 99%, and Washington Gas 6s of 193 brought 103% for the larger den nations and 102 for the smaller New Note Issue Due Soom. A syndfcate will shortly offer a new issue of $5,000,000 of Manufacturers’ (Finance Co. (Baltimore) 10-year & | per cent collateral trust gold notes {serles “A,” due April 1, 16 The Manufacturers’ Finance Co one of the oldest of the so-calle non-notification commercial banking | companies in the United States, owns all the common beneficial interest shares of the Manufacturers’ Finance which conducts a similar busi the State of Illinois and sur- {rounding territory with headquart in Chicago. About 80 per cent of the busines consists of the purchase of open ac counts and notes receivable from ble manufacturers, wholesale iand jobbers representing widel jversified industries. The balan j consists of automobile and inst: | ment lens and mortgage notes Lectures at Institute. Joseph K. Moyer will le ome Phases of Interest” befor accounting class of the local ch American Institute of Banking, t night. Tomorrow ht the neg tiable instrum will hea Raymond B, “Delivery The following night will be share ointly " by H. Thomson, ‘oreign Exchange,” before the mentary class, and by Rufus Lus {with the public speaking and de { bating class, meeting in the rooms o the local stock exchange Members of the credits cla | oftered the oppo {night to hear Ralph {“Handling Embarrassed and I | Concerns.” An effort is being made sacure a full atten | especially of gradu on this night the class will be examined by wa n: Dickey on w standard_econ F. T 1 that the re- | huc Lease Plans Are Denicd. Official denial thst the North A, can Co. is planning to bid for | lease of the Philadelphia Gas Wo has been made by F. L. Dame, pre {dent of the former firm. Mr. Dame off pany has not at any making a bid for this lease, | planning to do so. Personal Mention. Ord Preston, president of the W ington Gas Light Co., will return frot a short trip to Florida the latter pai of this week | _ Capt. Julius Peyser, president of | Security ings and Comme | Bank. has concluded a short vacat at Atlantic lCHICAGO LIVE STOCK MABKEI CHICAGO, March 24 (United State :hr‘pnrlmenl of Agriculture).—Ho; Receipts. 20.000 head; - gen. steady to 10 cents lower than .day s close: bull desirable but 20 pounds upw: 1 sall 13.90; 150 175 pound averages. mostly 13.25a13.65; bulk 180 to 210 | pound welight, 13.70a13. strong- weight aught P ., 1 0al bulk packing ows, 13.00a13.1 Cattle—Receipts, 10,000 head; fed steers slowing down, generall steady: supply of welghty kinds pr rtionately larger than Monday: yearlings and desirable light hei active, steady to strong; early toj yearlings, 11 : several loads, 11.00a 1L35; light heifers and numerous 8.50a9.50; few loads, 10.00a10. stayed offer s average 1,017 poun at 10.00; best matured steers, 1 average welght, 1,560 pounds, on handyweight orders held slightly below 12.00; other grade sh stock moderately active at yester day's best prices; bulls slow; vealers mostly steady at 9.00a10.00 to pack- ers; shippers selecting upward to 12.00, mostly 10.75a11.50. Sheep—Receipts, 12,000; dull, little done on fat lamb: one load at me- dium to good handyweight to pack- ers, 16.25; looks weak; most early packer goods weak, outslders bidding strong; best early bids, 16.76; bulk ewes unchanged; choice shorn ewes, 8.00; feeding lambs scarce, steady: welghty shearing lambs, 15.00. al Mo DAIRY PRODUCTS. BALTIMORE, Md., March 24 cial).—Live poultry—Young chickens pound, 25a35; Leghorns, 25a30; Wint chickens, 40a45; old hens, 23a28; Les horns, 23a24; old roosters, 17; capo 35a42; young turkeys, 40a45; old, poor and crooked breasts, ducks, 25a35; geese, 23226 pigeons, pair. 40; guinea fowls, each, 45a1.00. Dressec poultry—Turkeys, pound, 35a45: and crooked breasts, 25; chickens, 38; old roosters, 17; ducks, 30a geese, 20a26; capons, 33a45. Eggs—Receipts, 1,508 cases; natiy |and nearby frats, dozen, 304a30% duck cggs, dozen, 48a50; goose egs</ dozen, 83a1.00. Butter—Good to fancy, pound, 4ia 51; prints, 51a53; ladles, 29a30; store packed, 23; dairy prints, 23a28; rolls 23a28; process butter, 31a32. (Spe OIL EARNINGS REPORTED. NEW YORK, March 24.—Net earn ings of the Magnolia Petroleum Co for 1924 were $8,456,977 before Fed- eral taxes, equal to $4.69 a share on the capital stock, against 38,110,660 of $4.50 a share, in 1923. Gross earn Ings were $57,335,550, an Increase of more than $5,000,000 over the previous year. b i FOBFJGR TRADE DB.OPS BALTIMORE, March 24 (Special) Both imports and exports through the port of Baltimore last week showed big decreases as compared with th previous week, according to the weekly report of Charles H. Helts- man, collector of customs.