Evening Star Newspaper, March 27, 1925, Page 28

FINANCIAL,” THE EVENING STAR, WASHINGTON, - D. C, FRIDAY, MARCH 27, 1925. FINANCIAL. PRICES IRREGULAR | e Yok sTock ExcHANGE | MOVES AREMIXED | Coxner o BONDS sooxwxcanve ]| WHEAT SELLS OFF * FRANCIS M. SAVAGE Received by Private Wire Direct to The Star Once Received by Private Wire Direct to The Star Office. Adv Rumley.... 18% 1 % 181 | Tnt Nickel...... 25% 26% 25% 20% 5 1018 | Wickwire 8 5 85% 864 £5' ! Air Reduct (15). 95% 99 9815 | Inter Nick pf (6) 98 98 98 71 10118 1018 101 pen Liblst4%s 10 10125 10122 10122 | Willys-Ov 6%s'33. 10 100% 100 100% LsxImbhes. .o, (1%, Al% 21 | Int Eaber, St st e | e : Lib2d 4%s. 318 10031 10028 10028 | Wilson & Co 1st 6s. 11 95% 95 ¥0% . .l n: : Better Buying in Some Issues | 4laska Juneau . z4 24 2| It Pappfst (). Taw Tak T34 744\ Rajl Liens Lower—Liberty Lib 34 4. 241 10121 101 17 101172 | Wion & Cocv sa- '8 12 11w 72 | Prospects of Rain Result in|Riggs Directors Meet Today s o (Y IR i el e 210 i Lib 4 43gs. . 420 10131 10128 10128" | WileonaCoy7ys. 14 714 Tl 11N R f aisacm e S B I i t UBS4s1944. 64 10021 100 18 100 18 | Youngstn S&T 6s. 48 8% 98 = raani i in Afternoon—Severe At- |Anisonsin,) ' '3 T8 | sewerTea...... 18w 12w 1mw 1w BONs Reflect Firmer 8 e oy o ok s 10028 s i Setback—Corn and Oats | _to Reorganize Acquired 5 ;o 3% Jewel Teapf.... 1064 106% 10% Atchisonadj4s... 1 831 88% 88% S tacks on Rails. res R TR T4 | Jones Bros Tea.” 174 17% 174 Rates on Money. FOREIGN. v 200 | Atchisongenfs... 2 Bow 89 B3t Also Weak. Institution. AmCan (17)...) 169% 171% Lron | Jordan Mot () 44u 4% dau Sales. High. ”"- 96 | AtlanticCL1 9 91% 91% 9% o Am Can pf (7). 118% 118% 118% | Kan City South. 324 314 3l e Argentine 6s A. %6y 96w |Atlan CL4%n'6s. 2 92 92 92 2 AmCar & F (12) 199 201 |KanCSopnf (4). BT% ET% BTh t Argentin . 96K 08 . 1o2% | AtlanticC L Ts 7 106% 106 108 | py (e Associnted Press. = - Am Chlcle. 554 5% | Kayser (Julius). 19% 19% 19% BY/,GEORGER, 'P.CHDGHES, 102% 1025 1094 | B & O gold 4s. 16 88% 88% CHICAGO, March 27.—Indications of | Directors of the Riggs National Special Dispatch to » hmEname it st ins 54 | Kelly-Spring... 13'% 13% 125 1814 | Special Dispateh to The Star. F iy 67 92k 91% 934 |wet weather in the Southwest, where | Bank ‘witl hota a rneclr Eoert s oo, NEW YORK, March 27.—The stock ;g p (D8 G0~ 5% 5% | Kennecott (3).. 48% 484 434 | NEW YORK. March 27.—Lower 94 99% 10 101 100% drought has been threatening the Win- | attarnoon for the sueposs: op Srenis market was extremely unsettied to- | 7 p DR 00 141 |KewstoneT& R. 24 2 2% 2% | pricce were the rule in the bond market 85% Bd% u; 5 13 88% 88 ter crop, gave a sudden setback to wheat | g, npoqoo® (D8 e Tarposs of reor day with the tendency very much | (nl ipress (6). ‘ 28y | Kresge Dep Str. 82% % 324 524 | today, the feature being the steady o2 924 02 15 108% 103 103 @ toduy after an' early advance. | Eauic “woneror of i o, Savings mixed. Further weakness in Chicago | {70 porFom . Lac 5 53y 170 | llauidation in French issues. -+ 14 108 107% 107 mp 20 102% 102 The initial strength was due to an | janlt: coRtrol of which was recently and Northwestern featured the rail-| g piq0 & T, e e R bl Losses were not large, but new low 2 107% 107% 1074 W aiv 1°99% 99% 99% |unexpected rise In Liverpool quota- | PUfhased by the former institution. Way seetion. There seemed to be no [ A0 Jlife & L pt. Balist el (330, 1k 1% T2 records for the year were made in the e -l .3 e8% 68% tions and to continued unfavorable | xo iucls M Savase, president of the disposition on the part of large in- | {7 TICIORK % S ek o . 7 | majority of the active obligations of 8 Bk 8 |B&OPLEWVs.. 5 g6 864 domestic crop reports from the West | ofice. 1o deterenag 1o pi bdr o tha terests to bid for stocks, but they | foiyg Sran (1D B bt (ol o7 ;| the French government. Selling at 101 | B! S 82K 82 el BKIYN-Manhat 6s. 40 84% 84 and Southwest. On the UDPturn of |5 successor appoictog. it ol and were content to take them whenever | iy ply 0000 o ‘ el s IR otk | today French s were only 1 point above | Brazll THu. .. .0 "4 1074 107% 1074 3, R & Pitc 4s4n. 1 84% 84'% values here, however, heavy selling. | yation will cim ey e reorga v were offered down. Meanwhile | {00 Brecd BY b R de oW | the price at which they were originally | Brazil8s. ... 96% 96 96 | Canad North 6%s. 2 1177 117% led by houses with Eastern connec- | of \ay Taaetin® g Ude the removal i participation was at a low ebb | £70 00, (S 3 3 P 86 | marketed in September, 1920, at a time | SAnada 55 1926, 100% 100% 100% | Canad North7s... 8 116% 116% tions, resulted soon in a sharp break. | troagurer. th i Soegidentauand @ and here ana there further liquidation | (7 p 2S00 (50 o 48 SR e e 4 496! when money rates were very high, | Canada 6s 1931, 10266 1024 102 | Canad Pacdeb dn.. 2 794 79% qie ofaniug % {oF 3 foenta s hiptier, lpyeas (ool rhe on torba Ailled by was induced by the failure of stocks |y p SR oS ¥ Coulsitna O1) ?!», ::uv French 71zs around 97 were only | anadabs 1952 103% long% ::2": Car Clinch & O 6s.. 12 107% 107% ¢| May 165 to 1651 and July 147% to| poany 3y " n0Mes A H-n.:dmri. to hold on rallies. A Skt R O 3 17 G e e Pyt 10914 | PoInts above the figure at which they | (Anada 5158 1929. 102 102% Centof Gab%s... 1 101% 101% 1.48%, was followed by many rapid . ce presiden iy dn e Ship& Cam were first off < Ta.| Chile 7s 1843.. ... 90% 99% 99% | P % BT YGTM v an Baos of the savings {nstitution affected, to- o tix. Xm Shi 4 % 5 ere first offered in May, 1921. French 7s, | & entral Pacific 4s. 20 87 changes fn which May went down to e I“ e Am Sm & Ref (6} SN S et 6% | the jssue sold in November last, were | CIle 88 1248 106% 106% 106% The Chicago and Northwestern sit- N Bether with Dr. G. C. Birdsall, treas- = . Ches & Ocv 4l4s.. 43 96% 96% 1.63 and July to 1.45 urer, will, howe e - hese | AM S & R pf (7). MeCro B (1.60).. 81 down today almost ¢ points from their | 00 Pow Japan 7a! R T ettt Byl 83 and July to 145, °F Tith Dr. G. C. Birdaall, tress: uation has been discussed in t T e Mack Treks (6). 1254 offering price. opanhugen 6% .dispatches a number of times. The y 9 96k 96w 964 [ "R O e sove) board of directors in the reorganiza- n8la . 9 bals 54l chiefly by the action of wh Siitoslrion at e o 2 e | Am st1 Fy ot (1) Macy HR & Co.. 164 6 Of the French railroad bonds, Parts | U2 B%n HA 37 |ChiBaQen4sss. 2 90% 90w 901 | DT omand nere for corn was still | farese! e S ilaniaCiliges dn- » maln points wepe ('1:‘\?;;9':\):‘11 BtOTE e By Mazma Copper.. 87 Lyons and Mediterranean 7s were | G2°Ch0 88 1851.... paving s, was 94 Chi B&Q 1st rf 5s.. 3 101% 101% sl cl 3 C 3 % | slow. After opening unchanged 10| Georga 0. Vv, vice preside A'n Susarurd Mallinson & Co.. 23 23 especially weak. Other forelgn bonds | CZ6ChO 88 1962ct.. 9 99% 99 ‘g;‘f‘ Chi& E1gn b 38 6% To% %_ cent higher, May 1.11% t0 1.11%. | Riggs in chaves of ooy Prctident of too high as general market ;g oer, Manati (5).. 50 were heavy, but mot so noticeably | QAMSh Municss A 3 109% 109% Chi GreatWestd4s. 7 G1% 61% 61% |ty corn market scored moderate | Haights amer o gps (o0 W) ashington went, and, secondly, that re-| {7 umatra. Man EImd(3%). 42% 4 2 50 as the French. In the South A Denmaric $s...... 22 101% 101 161 20 47 47 cneral gains and then dropped to | vie e o1t o oklcalicholoe for rnings reports held out not |\ GWNICrA BL- . 3 . Man Shirt (1) 22 23 2 |ican roup there was further selling | HCAArk 8 HESTIOK 10 144 48% 484 £06% for May. nt B i chusge of the North- ghtest hope of any increase tn| {7 T & Tel (9). Man Shirt pf (7). 105 of Bolivia 8s. er sellin€ (DB 15348 Mch '53. o4 97% 974 | () Al 09% for May. changed to % o, | Ne3t. Hillears G. Hoskinson, aiso a dividend.” On top of these tacts| {0 7aREess (- 20 Manila Electric. 33% 3 Predictions of higher money had R.,"ic',“g‘_’;f;’;".‘,’i s dbog 00| S 183 474 46% 46% | yo ' Ggn, “advanced fractionally and | o he siareq 1o aiS5T ! oy o came the W& S 4 s | Maracaibo Oil... 261 some S % 3 . 4 . ceded all around © dency. s te pEes. : Z Am W W pf (). g . B4W o investment bonds. United E yesterday's finish Assistant Cashier O'Neal of Riggs v $341,000, as against $1,208,354 | AW W W Mar-Rock (25¢). 114 ates Gov ElSalvador 83°48. 46 104 103% 104 55 474 464 : e thiz-| . - . Sl o (Y 25¢). 4 States Government securities were ’ c “ Provisions were easy, Sympa Gregg C. Burns, vice presid aha e same month last vear, || A0 WIS a5 : 5 4| Martin-Pry (). 20u 291 generally low, and the same was true | Fin1and s £ 62 45, o b 5 36 100% 100% ing with grain and hogs. cashier of S b S This _wepolt, NIk e . 3 1 | Vathieson Alka. of the savings bank railroad mort- | F,ramerican 74s.. e > .. 16 100% 100% = High. X G Fabbacd) sssidtany: A Aol close of business rsdas, uced | nn Arbor. .. 23 A Vaxwell Mot A.. 88 Ages. Erench 7s e vaBs.... 82 83y R34 KA [ WHEA 65" 168 1574 157%|retained in the same capacities. N o b i titarest as o [ AnnlArrorot. Maxweli Mot B A better tone was shown by the | ETench7i4s.. i T . 62 87 July : i 148N A2 | Thaidivectorate of the Mottt ast In port outside of such shor e A Mhe | ATmour of AL May Dept St (5). bonds just outside the legal class s Lol e r S e | Ben 36 13 due for a considerable shake-up. It mained from the .‘|a\.l hruL berhe | Arn Cons & ¢ Mexican Seabd. . elllng on a 5 per cent basis. For i 88 :z:{- B ChiUnStabs..... 2 101% oz consists of 21 imcrabers, 10 of tion k sold nvr“u-‘.n z & D ovestorn | AsdoDry G (5) .. \riami Cop (2).. s+l this grade there was good inquiry |G ) ,;z 93% 93% ‘:‘M&‘Vrnd cn4s. 3 774 5 2% § will be retained, th maining va- e A e T | Assc Ol i 83% 83 Aid-Contincnt i { by insurance companies. e QerMlea ol min SN IEhaies Tas s an o * | cancies to be filled by Riggs interests Ak, especially North Pacific. Great|ALT&SFe (). 118% 119, gl Ne ] New Haven 6 Improve. Hungary 6% 884 BBU BBK | CCC A StLon .. 29 oav sen My L vl 323 | A 00d response has been accorded 2 erred did relatively | At BIrm & At .. 5 Minn &St oute %5 %ov| Speculative rails moved In sym-|Japanese 4 81 81 8l |cCCRStLressA. 2 103% 107 J % 5 el mbirs i Ser 1o purchase Ruantiogb an, 0 Bl s | PAthY With their respective stock, 90% H0% 90% | Clave Term 5s 5 100 s il mton el &t the same figure iléu:ffiwl“' % 3 MK&T R (6. 1 but with less activity. At 63 Mis- 94 94 8 [CaSist4s2s... 8 981, Tirie =g 2 paid majority stockholders, less than Stocks in Weak Position. t Gu Tpt. DEaTE 8 | souri Pacific general 45 were within | Lo B4 B4% Colo & Sou 4% 0 92% o is 2 % | 300 shares. exclusive of that owned i Atlantic Refin. .. souri Pacific. 33% 1 ks one-elghth of v % u 4s... 20 927 ’ 0515 by directors who are scheduled to re Where weakness occurred in other ;s tlas Tack Missouri Pac pf. & of the low of the year, | Marseille 6s. ... 84% 84 84 |CubaRREs 1 87Y 4 ta hei TaTE as ot rbmuchiauesagthal it e oty s, e B despite the highly favorable Mis- | Mexico 4s ‘04 asnt. 4 19% 19% Cuba RR7%s. .. € 1034 1042 Seopumelr seats on the board, being Sleainiintin e A ME F ot EorBehR: | A ST ol Montgem Ward . sourl Pacific earning report. One of | Mexico bs 3 s6° 36 86|50 o Rl m S 1675 accounted for B O . woak| Emdwmin i bl it ; the railroad bonds which received | Montevideo 7s. ... 5 gk Sl EEEA Mt B S0 : PRy Trading on Local Board. ey, Saher, Bald Loco pf (7) Mothe, oz 5 X 74, | DELter support was New Haven 6s. | Netherlands s ‘64. 102% 102% bl i o o] et B 7.90 7.6 Sales of Riggs Nationa e speculative position | Mother Lode 75¢ ; D & Rio G impbs.. 12 978 ; 170 i nal Bank stock Western Pacific was selling today { Bal & Ohio (6).. Murray (2,40} ... E ; Today's new offerings Included | Netherland: 72. 1 103% 1034 D& RioG Wat bs. 33 565 o featured today’s local stock exchange. 15 points below its high. illustrating | Bal & Oh pf (4). 637 e $3,000,000 Jugoslav six-month 6 per | Norway 6s 1943, .. 9% 9%% Dot United 43s... 13 1% s It s0ld to the extent of 60 sk how far some people were misled by | Bans & Ar (3) Nash heot (111) - 29 cent treasury notes at par. A large | Norway 6s 1944, .. 99% 99% Erfe 1st cons 4 1 70% | opening at 353%, ecasing off subse Bow £ sgme pecplafwert il by s sl A % 20% 22| Nat Biscuit (14 number of forelgn issues are ex-|Norway 8s 1952, .. 99% 99% Erisseit. 4z o “1COTTON PRICES | auently to 3 and later to t Kansas City Southern was off nearly | Barnsdall B. 19 1 el e pected next week Norway8s........ 1 110% 110% Lot bk S which it closed. American ¢ B 10 points. Here was an instance | Beech Nut (43 Nttt e e ks Orient Dev deb 63 B4l 844 EER SR Lot D OFF and Trust Co. established a gain where on ccount of the high valua- | Bethichem Steel Nat DSt 18t (13 6% 75% Frie & Jersey 65 .. 3 1044 104, AS RA | being traded in to an amou jon fixed by the Interstate Commerce | E2th StPL (7). ; st DRULSS@S U. S. SMELTING GO Paris-Ly's-Med 7 844 B34 8% | Erie (pa)oit tr s, 25 96 96 ' ol Comialaston I doss mot a6 much for| DALEStIDE(8).. 1104 SO Dnanelal ey d Paris Orl 84 83% Gr Trunk sf db 6s. 10 107% 1075 1075 tock was easy at 58%, as was b Inirecsss nociiien| BODHEEEeviex SR K o NaiTeaanrh: RESUMES DIVIDENDS | Foiand £a 60 wi So% Sa% gb%|Grana TrumicTe.l. 14 116% 1184 11814 et Tt Aot Co Government supposedly is entitled to} gryng palk(90c) 864 Nat Ry Mex 1st. P‘:";"‘";“ w 89% 894 Great North 5s. . 1 94% 93 931x 5 FEciions wes " unch ¥ ny such gain. , On the basis | gy Baison (8). . 128% 3 Nat Ry Mex 2d. . GrNorth5%s..... 3 100% < s # - Rio de Jan 851946 4% 94 e - i hows The bond list was neglect of present earnings Kansas City | pii_Man Tran.. 37% E Nat Supply (3). . ¥ Ri0 e Jan 85 1947 o o Gr North gen 7s... 11 109% as Trade Buying S! as neg vashington Gas. 6 Southern could hardly afford to pay & | BiI Unlon G (1), 80% Nevada Copper. 4 GreenB&WAbB. 1 14w being the only tra dividend. The entire reason for Its| Erow- Shoei(4). 6% ~66%—6R—68% |NOT & M (1) ... 4 Quarterly Rate of 75 Cents Per AL o] Havana ERL&P 5t 1 864 Good Tone. sgmalenion oy ooty 2 g i S ot T = N ;. Hud & Manref 5s. 63 KT advance three months ago was mer- | Burns Bro (10),. 95! Pt U Gas (5) . Share Voted for First e b ger talk, which so far has not been | Burne BB (oy.. 1o° NY Canners (2) : Tim SaDEanlgnste el Hud & Man a 5 8 Tuy 8 The ratio of total reserves to deposit borne out, although it logically should | Bur Add Ma (3). 79 N Y Canners rts Since 1921. e B geit 1l Central 5%s... 3 103 By the Associated Press {and note liabilities of the Federal o 1 tlic ena e Bush Term (5).. 96% N Y Central (7). x ger C“’:s o8s.. S M: 111 C-C St LANO 5s 37 98'5 s NEW YORK, March 27.—The cotton | Reserve Bank of Richmond dectificd = -2y NY C&St L (63 oissons 8 . 4 Int Rap Tran 6s B7 637 | market opened steady today at alfrom 7114 to 70.52 at the close of Shipping stocks were in demand | Butterick Co.... 18% NEW YORK, March 27.—Directors|guiss Conted 8s... -8 118% 113 16 66% points in response to TelativelY | the previous week. The enauge e G & ChUE Darticaliaiy Anbatio Gt niat. o 5 : of the United State Smelting, Re-|{a Ringm 5%s 29, 7 115% 119% 16 874 | steady Liverpool cables. Continua-|flacts the Spring agrienitores’ au. ar & owh S pares 7 e 2005 Cen ow NY NH & Hart. fining and Mining Co., today author- | g : - D6 104% tion of yesterday's selling movement | mands, and West Indies. The reduction of | Cal Packing(6). 103% e Ohe v ized a resumption of dividend the | 38 Kinkm §%s°37. 15 106% 106k Int & G Noraj 6s 7100 7014 |caused irregularity after the call | Rediscot 3 . 20 points in refined sugar prices put | Cal Pete (1%).... 28% 5 No-rone 2 i | common stoek at a quarterly rate of | U4 Steam Copen 65 15 9415 94\ Towa Cent rf 4s. .. 23 T2 | Mas: Selling "off to 2496 and October |35, o f nraenel slightly fix a stop to the rise in American Sugsr, | Callf Pet pf (7). 110 ; NOLL &N (18) . 4 75 cents a share. The last previous| CrUSUay 2s. 108 Towa Cent 1st 5a. 59% % | to 24.54, or about a point under yes- | hou AT aithough it did not. discourage gos- | Callahan Zinc. |\ Sl NoE A e dbs DRyment ot SO Gentiton Aot miaon MISCELLANEOUS,. Kan City Ft S ¢ £3% terday's closing quotation 1$1.366.000 to $12 Sip wbout the stock going back to &|Calu & Aris (2).. 4 Notth A ot (1), shares was made in January, 1921 | Ajax Rubber 8s.., 16 8% 98 84 |KansasCitySs 8874 Offecings woreiason ABAOTLSIL®UL L Av' s ve~cit’ citas it dividend before long. United States|Calumet & H50c 144 North Pac (5)... : Restoration of the stock to & divi-| Am Agr Chem 7%8 8 97% 9874 Kan Cy Term 8414 4| the market was st during the [$1145000 in gold re it Steel: common made a new low for | Can Pacific (10). 142% 143 deiid basis was approved. fo the face | A SElce e 3 o ohs Lake Shore 45 '28 g e the year below 117. Oil shares were |Case Thresh pf.. 64% Orpheum (1.80). R of lower earnings last vear, which| Am Cotton OGS . 2 93 93 * | Lehtgh Val cn 4s. eports to confirm yesterday's TUmoTs | 450,000 to $100, less active, but there was some spe- | Cent Leather 16% s | Otis Elevator (5) were equivalent to only 27 cents | Arm Soih 2 10t s 25 97% £67 g7is | 1ouis & Nunids. . | O i cove g AL clal selling of Atlantic Refining. Cent Leather pf. 604 5 OtisSteel. ... S share on the common. in contrast with| Am Smit & R 6s... 14 1071 106% Louis& NGsB.... 6 103% 108 1084 | ing, combined with a little trade buy- Now that the Wabash dividend dec-|[CRRNJ (112).. 266 y tis Steel pf. ... agreturn of $1.35 a share in 1923, Am Sug ref 63 5102 = 102 Manhat wey cn4s.. 23 59ty S e o Tt stinort t prices up | oads e country laration has actually occurred, the|Century Rib (2). 41% Owens Bot (3).. St o dieil AmT& Teltrés. 131 96% 96% Market St Ry 7s... 25 99 99 | to 25.05 for May and 24.66 for October, | the freight flic offered Strect Is talking about Texas and Pa- | Cerod Tasco (4) 44% Pacific Gas (8).. TES ON B I Am T & T ol trba.. 16 100% 100% MIIEIRy&L5s... 7 %64 861 | or about § to 13 poinis net higher. |JANUAry more expeditiously cific being the next railroad to enter|Certain-Teed... % Pacific Oil (2) RA'’ AR SILVER. AmTA&Tatbs, .. 281 954 95 MStP & SSM5l4s. 3 85 < 86 oS it e Sy any January on record, reports the ranks of the dividend payers. At|ChandMot (3)... 38 Packard (t1%). LONDON, March 27.—Bar 'silver,| Am T & Tdeb 5i4s. 38 102% 102% MK&TIstds.... 7 80% BI% Ross| . - Sgmd 7 today with the Bure of Rail a recent meeting no action was taken | Ches & Ohlo (4). 93% Pan-Amer (6). . 3%a\Deriounce. Moniy, 43 pas cont. | A A M avita. ... 59 106% 1188 MK&T4sB...| 16 78% 73, 795 | NEW ORLEANS, March 27.—The| Economics say on this score, but Texas and Pacific | Chi & Alton. Ko Pan-Amer B (6) Discount rates, short and three.|Am Water Wks 6. 21 95% 951 MK & T adj 5 104 834 2% gy | cotton market had an active opening | The dail has shown signs of accumulation on | Chi & Alton p! 18 Park & Tilford. month bills, 4 i-16 per cent. ‘Anaconda 1st 6 6 9915 MK&TprinfsA 6 901 901 | much better Liverpool advices than | freight car duri ¥ recessio Chi& EastIll... 81% Pen - MK&T 68C. due and continued absence of rain| 265 miles. This Sl iy Chi& Est Il pf.. 444 ARG YEW YORK, March 27.—Bar silver, | Anaconda cv db 7s. 18 il & 3 108% 108 103 Mo Pacific gen s in the We: causing considerable | tenth of a lo. the bast Market Opinfon Today. Chi Great West. 9% Eeales Gasitoy. %: Mexican dollars, 51%. oy vk — B anine. i 169y | covering and some trade buying. |average for that month The advice on the general market g::gh‘:e;:gfu Zé:: Pere Marq (4).. e ————— ArmourDal S%s.. 20 925 Mo Pacific ... 3 86% fisss | Firsticeaneyahowsa »r’:nnsrnf 7o 13] In compu the average move sent out today by onme of the large L. Phia Co (4)..... . Mo Pucific 6s 18 100% Doints. _Prices sagged a few points|ment per day account fs taken « Broadway commission firms was char- | Chi Mil & SPpf. 10k Phila &R C&T! SHORT-TERM SECURITIES, |AtlanticoRefind s NOTox & M in §n.'12 "srs 100% | right after the call on some realiz- | ali freight cars in e acteristic of the mood of the specu-|Chi& Nwn (4).. 56% Phillip Morris. . (Quotations furnished by Redmond & Co.) | Barnsdallsf 8s. 104% NOTex&M5s B.. 26 923 o214 | ing, but rallied again promptly on!cars transit, cars in ative community. It sald, in part:|Chi & Nw pt (7). 112 Phillips Pet (2). Ny Bell Tel Pa6s 100% NOT&M5%s.... 24 100 991, | the posting of an offivial forecast | being loaded and unloaded, cars ur Until stocks reach the point where [ChiPneuT (5).. 824 Plerce-Arrow. . o e ot e a0t Beth Steel pm 5s. . 20 NOTex Mex 6s... 3 100% 100 | for, generally fair and cold weather|dergoing repairs and also cars on they can hold above previous low|Chi RI& Pac 45% Plerce-Arrow pt American Suwar 68 1937. . . 4 Beth Steel rf 5s. .. 96% NYCentcnds'9s. 1 833, 833 May traded up to 25.07, | sidetracks ch no load is | points during these selling expedi-|ChiSt PM& O 43 Plerce Oil. American Tel. & Tel. 6s 1 2 Beth Steel 514853, N Y Cent deb 10 94y a4, v .28, October to 24.31 and|med tions, we would continue to maintain | ChStPM&ODf(5) 86 Pierce Petrol. Anaconda Copper 6s 1829, ..... 1 Beth Steeln { 63 NYCentriss 21 101 101 cember to 24.33, or 14 to 21 points | d per car in Jan sideline position from a trading|Childs Company. 50 Pitts Coal pf (6) A s, i4 | Brier HSt 1st 5%s N Y Cent deb 6s...300 108% 10714 over the close of yesterday s S Hthvestic weiated Oils 6s 193! ” v 08y | standpoint, -awaiting evidence that|Chile Cop (2%4). 31% Pitts Term Coal. G e s L Bklyn Ed gen bs NYCentLScl3%s 5 75% 175.‘:; I e ater than the av bear pressure is being met with a|Chino Cobper. 21% Pitts Ut pf 1.20. 3 P 58 1 oo Can Gen El deb NYC&StLdbds. 32 9o1g = | a month last v greater degree of resistance in pivotal | Cluett Peab (5). 64 Pitts Ut ctfs 1.20 ; “entral of G : Chile Copper 6 NYChi& St L5%s 1 95t — GRAIN AND PROVISIONS. ss than in : stocks.” Coca-Cola (7) 8914 Pitts & West Va. o ¥ i g A 3 Y, Col Gas & El 5. In the latter group was included, of | Coca-Cola pf (7). 9 2 Porto Rico Tob. . 41 g . P y A ColGs & E:;-Pu‘:n. course, American Can, United States | Colo Fuel & Iron Postum-Cer (4) « 1934, & 3 | Commonwt s. Steel, General Electric and American | Colo Southern... 64 Press Steel Car. 55% Colui s & EI 18t 55, 1627 * | Con Coal Md 1st 53 2 Continental Gas & Elec. b 102 Y 6w Locomotive Col G & E (2.60). bi% Prod & Refiners. 23% B et Tise 1081 S % | Con G NY 518 wi. " = : Col G & E pt (7). 105% Pub S Gas pf(6). 94 Pederal Sugar Ref. ‘Gs 16330 a7a ConsumiersPaw e Chicago and Eastern Weak. Com Soly A (4).. 136 Pub SerNJ (5). 67% . derated Metals s 1039.. .00 Cont Mil 615 "44. .. Chicago and Eastern Illinols prefer- [ Congol-Nrn (3). 35% % | Public Serv rts. 23 T R B 1T * | Cuba Canecvd 8s. red sank to its lowest for the vear.|con Distributrs. 5% Pub S NJ pf (8). 110% Great Northern T 1086 L 100 % | Cuban Am Sur 8s. The immediate cause of its weakness | Gonsol Gas (5).. 76 Pullman Co (8). 131% e o o & Denver Gasbs.... was not unlike that behind the sell- | Consol Textile 2% 7 Punta AlSu (5). 424 Lehigh Pow. Se D. % | Det Edison 55 '40. ing in Chicago and Northwestern. A | ContCan (4).... Cl% Pure Oil (1%) 27% . {'c‘f,.'h?.- ks X Det Edison ref 6; D ochEuary roport was hauing an|contMoti(En o Radio Corp of A. 49% o | New York Central 6s 1983.111 DonnleBtedils unfavorable effect. Last month the|Corn Prod (2)... 35k Radlo G pt (3%) 50% Oregon Short Line 4% 1026.01 Du Pont de N 7% gross income of the Chicago and | Corn Prod pf (1) 128% . BY CHAS. P. SHAEFFE =N Ponealommoa mflh“ Bank Ratio Declines. n but bills rket increased ~ NYC&tL6sA 1 103 1031y | BALTIMORE, March (Special) = 4 :_zw gnv dfa 56% 56% | Potatoes, per 100 pounds, 1.00al1.3 New Haycd6s.... 8814 | sweet potatoe: barrel, 50a5.50; | S O NY,Ont W Ist 4s 87% yams, barrel, 5.50a5.00: asparagu }F'R T STEP T SPUT MRy rf;;fictr-. . 149 g9 dozen, 3.00a9.00; beans, hamper, 4.00a- NY Rysadj§sct. 4% : beets, basket, 1.00al1.75; cab- 0 0 . N: Ystl(e Ry 4% 64y 3 1 ton, 8.00a10.00; kale, barrel, 50a- BIG II- c MPANY NY W & Bos 4348 64 arrots, bushel, 1.25a1.50; cauli- pb=(oI A ot - gS 0% . 1.75a3.00; celery, crate. R T orthern Pac 84y 5 cucumbers, cra 6.00a8.00; | s i 1 i Northern Packs D. 10 973% egwplants, crate, 3.50a5.50; lettuce, | an-American Petroleum Will Di- Northern Pacr i 6s 11 107% 1074 | basket, 1.00a2.50; onions, 100 pounds,{ vide California and Mexico Ore & Calif st 65. 7 100% 5 | 2:7523.00; ovster plants, 160, 5.0026.00: Ore-Washlstrf4s 2 g2 '23" parsnips, baskex,r.:wa{o: peas, hamper, | Properties. Pennsyl gen 44s.. 7 941 9414 | 2.0083.50; peppers, crate, 3.50a7.00: | Pennsyl gen 6 18 1021 10214 | 18dishes, hamper, '1.50a2.00; spinach, Pennsyl 58 '64 9T% 971; | bushel, 50a60; squash. crate, 4.00a5.50; | By the Associated Press. Ponnirl 0% 15 1108 1105 | tomatoes, ~crate, 2.00a6.50 turnips,| NEW YORK, March 27—The first Pennay} gold s, 1109 Tog™ | basket, 50a85 step in the reorganization of the Pan- Peoria & E inc4s.. 10 82 s Apples, packed, barrel, 3.50a7.50; | American Petroleum and Transport C Pere Mrq 1st 4s '56 5 823 82y, | bushel, 1.00a2.25; grapefruit, box, 2.2 into two separate companies, one con- Pere Mara 1st5s.. 14 99 9g * | 23.00; oranges, box. 5.5026.50; straw- | trolling the rnia.properties and ForRLAP6a4l. 9 o s, | Ferries, quart, 25a30. < Mexico, was taken ¢ Reading gen 3% 3% | s 4 ) e RTArKEL 4%s.. 10 83 % Sifing Exicen at Noox of the Ps jcan Eastern Petr St LIM&S45°29... 1 943 Belumbuoaoownda @ @ e Pennsylvania R. R. 7s 1830.... 4 Duq L&P 515 '49. £ - RSIICefs (4). 72 01l 5igs, August, 1925 Dy ne Light 6s Eastern Illinois was $1,887,772 as com- | Grycible Stl (4). 67%. Pure 01l . uquesne Ligh pared with 32,400,183 in February, | cup Am Sug (3). 29% Hy S:IBoE (1) ks AN P ; Est Cuba Sug 7%s. 1 Ray Cons Cop... 12% Tidewat : Empire G&F 7% , and net income fell from $184, : lon Tank Car s 1900 : mpire s. 206 a year ago to 32,891 D S Reading (4)..... 724 % | U'S" Rabper 73" 1080, i | Feder Metls 7239 vear ag CubCane Supt.. 574 Reading rts..... 19% ‘estern Unlon_ G%s 1938 110 Fisk Rubber Cuba Dominican Reading 1st (2). 86% Westinghouse E. & M. 7s 1081. 10715 BEanct - - s Sug 7 MAREET CLOSES FIRM. Cuban Dom pt.. 384 R amineon Type 0I5 Flaner Tedy Corp. 6’1027, callea”on " Feb. Gr : MK 1‘: SR IO o MRS Replogle Steel.. 15 14% " Risher " Body Corp. 6s 1025, called on Feb. | GenARDN 05 39.. Standard Industrials Recover | €UV Rep Ir & Steel 45% 454 1. 1925, at 102. oodric] Shy S Daniel Boone 31 Reynolds Sp (1). 13% 13 DEree Goodveer 8 1931 urther in Last Hour. Davison Chem.. 31% Rey Tob B (3) oodyear R ! Del & Hud (9).. 135% Rey Tob pf (7). GERMAN BONDS AND STOCKS. Humble O&R 5343 Associated Press j ) ; d ot = NEW Zobh, March i —stong SRl Row Duh 4435, # ST ?"‘)“:‘ :‘:‘ ::X::jf'illd‘.“m;ie&i Indlana Steel 58, buving support prevented another ¥ s Ger Gt (war loan) 5s 1014-18 125.00 1300, Mer Marine 6s. harp collaps eof prices in today's | DEtrolt Ed (8).. 114%. St Joseph Ld (2) % Hamburg 4%2s 1919. .. az300 'as0c0| tnt Mer Maries 5. i it - market aTter Baldwin, U. §. Steel|Devoelst(n.... 108 StL& San F (5) Ger Gt 458 {forced oan) [ " 1708 |(IAtar Eaper buiet- 7% 974 97% [ Sales—None. eTilib i, . (cApHalleation o $ commen and the Western rails had | Dupoat (10)..... 189% StL'SauF pf (6). 79% 7915 G Quencln nosEs vy | Han G & 16852 864 [ Corn—Cob, new. yellow, spot, 6.75a | preferred stock of $100 Dar caiu T T e e ] v LY e G et LA e Lo 803 | 0?23 g, K comm. vellow, I e e he ve cher o ¥ rates, | Elec o eiin 4a pre-w : E . . 2, is understood that the mew Pan- due to the extensive calling of loans, | ilec St Bat (15). 624 ulea RE8): - LILCIITEENIvG D e et = 00 | Lacleds G 54883, b KcanL vhe s 3 Atherican Eaatern Co. also will acquire are belleved to huve influenced some | End-John (5)...- 854 s Seaboard Alr L. 23 224 e Liora 400 31 | Lizgote & Myrs 6u S A& AT gas . L 56 No. 2 54 control of the British-Mexican of the selling. Total sales approxi- | Erie...... - Seal . North German Liov 1o : Myrs 78, 2 2 . 2 rye,|leum Co., which in turn has a majo R e shares. Erie 18t pf. 38% Sears-Roebk (6) 183 151 Praseian Consols Brg % 95 | Liggett & My Seab'd A Lids sta 77 < el Y 1 i >, 1 - % £ uisv G & E 6862 " spot, interest in the Lago Petroleum Co., own- Th eclosing was firm. Standard | g banks Co. 26 hattuck-Ariz.. 5% 6% 5w ey | Krupp e w2l e e Gop ey T8l - % §5% | Hay—Receipts, 32 tons. The local | ing extensive Venezuelan propertice. M1 Industrials and merchandising. Issues {pimous Pl (8).; 9%% gj mmatiucic (gD g Fraukfort - Marland Oil 8s '31. 2 s |hay market is very quiet, with an| Doheny, upon completion of the negotia made further recovery in the late| paOU% oo (5)"" 10718 Shell Trad (2.06) 40% 40% 8574 dealings, but some of the rails sold | FasobPYilel” " “15% 157 Shell Un (1.40).. 23% 24% 23% = o T LT TP~ the assets of the Mexican The new corporation. in which it Wheat—No. 2 red Winter, spot, ex-| Corporation, to which will be | St LIM&S R&G ¢s. 16 86% 94% port, no quotations: No. 2 red Winter, | StL&SFpld4sA.. 11 74y ,j: spot. domestic, 1 0. 2 red Winter, StL&SFprinbs. 24 8s% 4% |sarlicky, domestic, 1.75; No. 3 red o T L=t -1e 3 o5 | | Winter. no quotations | : 3 ample supply of all grades and Kind expected to cor activ Badinche ‘Auilin. X 5}:;2;’:‘8“"::,‘5“ CoE T 96% | o hand to satisty the lmited demand | Lonto e vE o T o when selling papssure Was fe: | peqiinewprielShi Simmons Co (2) . 32% 8244 ommers and Priva Bankl. 15: | Montana Pow 6. N o et s # Y@ | prevailing. The competition of truck | and other Western fields. newed a anadian Pacific, send- | Bed MIZEREEGY ¢if Simmons pf (7). 102 103 L B 2 O o e 10¢ & e 845 | receipts from nearby country points B B ing that stock to a new low for year | puer G40 pf (8). 105 Simms Pet (50c) 21% 20% Dresdner Bank < ¥ /00 | Now Eng Tel bs. .. s:u“mm Ry st m‘;‘;: is making itself severely felt. ; A ank: ; 3 Sef g ; at 140% sk Rubber. 11 - Slaplsizon A Poemctosier & ] NY Ed 6844 wi Southern Ry 104" [ Juotations _today—No. 2 timotnv.| YEARLY INCOME DROPS. g;;‘;::?x‘;:’:a;..mm Sloss-Sheff (6).. 83% 81 s 5 Southern Ry §3%. 108% | No. 1 light clover mixed, 18.00a1S. 3 % Ry Mobile 4s. . 83% : x 8.50; : o i . 10% South Pac (6)... 99% 98% Sou No. 1 clover mixed, 17.50a18.00; No. 2 " Markets at a Glance Freeport-Texas. 104 Southern Ry (5) 84% 8214 UsStesl (11)... 117 117% 116% 117% Third Ave adj bs. 40% | clover mixed, 16.00417.0 General Refractories Company St (HDHIERY DL LR 1 USSteel pf (). 128 123 128 Third Ave ref 4s. .. 52| Straw—No. 1 wheat, 15.50a16.00 per Earns $2.70 Per Share ok At A | QantARPRRIL e S Std Gas & BL 3) s 4t D ETenpE D). .. 107 ' 168 N Tt e 844 ton: No. T oat. 1550a16.00; No. 1 : B Arierican'® ecovers® saliite /Donas |l BEGtiE (D265 IO il Universal Pipe.. $5% 36 33u North Am Ed 8. olegea e s 100% | atraight rve, 180081800, NEW YORK, March 27Nt inc a i z 5 B b=t Gy . Univer P p! R % North Am 5 4 ” K S of General Refractories Co. for R R e e SLONNT pry. 111 117 1070 e o sl g o e o e mvaetss e FOREIGN EXCHANGE. declined to 3627,096, equal to $2.79 a slightly »r.Cotton, higher; bull- | Gen Mot pf (7). . 104% Std Plate Glass. 12 12 1184 Utah Securities. 65% 65 No’r ‘s‘[‘e-l.‘l;ol' " Va Ry & P 1st 58, Y5y, | (Quotations furnished by W. B. Hibbs & Co.) | Share on the capital stock, compared ish visible suppl Sugar, feature- | Gen Petrol (2) 48% Stew Warnr (5). 58% 59 57% Vanadtum... 27 26% s -4 N v $815,872 or $3.62 a share in 192 : Washash 5%s, 96 Nominal Selling checks | With $ share in 11 Coffee, casy; lower Brazilian | Gimbel Bros, ... 50 Studebaker (4). 424 427 42 Va-Caro Chem 2% 2y DA Sied) fu Western Md 4s.... 2 e oo sold value_ today. |Net earnings for the first quarter of ets. Ginter Co (1%). 28% Submarine Boat. 9% 9% 9% Vivadou . 13 12 pacific Gas & E1 68 Western Pacific 55 11 935 L R " .| 1925, with \l;r«'){dzn'mgrled, accord- — Glidden Co...... 14 SuperiorOil.... 4% ‘4% 43 Weabask-": 23% 221 Pac T & T 63’52 West Shore 1st 4s. 2 833, | Paris, franc 5 (i, |ing to Vice President Slo n will ap- AGO~—Wheat, weak; poor ex- | Gold Dust, s Superior Stl (). 234 28% 23% 231 | wabash pf A(5) 64% 63% Pan-Amer Pete 65.405 Whel & L E 1f 4158 1 ~ franc R 0 proximate $343,000, or $1.53 a share port demand Corn, lower;, large| Goodrich. . 52% Symington 17% 18 17% 17% |\wabash pf B i d2% 4214 PhilaCo5%s'38.. 6 Wisconsin Cent 4s. 1 80% 80% . 5 . Rt with orders on hand, he id, indi- Cattle, steady. Hogs, lower; | Goodyear pf (7). 93 Symington A (2) 20% 20% 20% 20% | waldorf (1%)- 16 16 PhlllCoret‘lAEA 9 ;. 4 . I193 e cated highly sansrm»m.—,\;rhov ations Gdyear prior (l!) ltl);;: TexasCo (3).... 48% 44% 43% 44 |ward Baking B. 39 38% Phlll&Rdctg WOOL- BU‘ .G_P__ICKS 1 5 in the ls_oc?nfl o_regular > = e AE) a1 Texas Gulf (7).. 104% 106% 103 105 | ward Bak pf (7) 96% - 9814 Blerce-Atrow /22 YIN UP. ] ; | auartens de STERN BROTHERS GOING Ot N R Buxe Tox & Pacific. .. 49% 50% 48% “49% | west Maryland. 11% 11% 11 Plerce Oll deb 6. - BOSTON—March 27 (Special).— c 3 K olisect o %“'z Su (R). 93% Tex & PacC& O 14% 14% 13% 14 |westMd2dpf.. 16% 16% 16 PubllcS?l" Medium and low grade wools led the | Brague. crown 5 N ey daE o TO BANKING SYNDICATE | St West S of (1. 108% Tide Wat OiL (4) 1274 127% 1274 1274 | Western Pacific. 89% 40 36w Yy trading in Summer street today, buy- | cacemagen. crows . .. 5 COTTON MEN MEET. Gult Mo & Nor.. 244 Timken (13%).. 38% 384 38y 384 | West Air Br (5). 100 100 99% Sharon St1E ers apparently not having become | Christiania. crown .. .. 157 .. CANS, La, March By the Associated Press. SeltMu ENer e = Tobac Prod (6).. 74% 74% 74 74% | westinghse (4). 67% 68 674 Sinclair. Ol §8. - fully convinced that the higher- | Stockholm, crown 3 NEW ORLEANS, La, March .- NEW YORK, March 27.Negotia. | GUlf StStee TranscontOll... 4% 4% 4 44 |weston A (2) 20% 20% 20% Sincialr OLS4e. - 3 Priced wools have reached bottom. | | o o Aociuten price atatters of importance concerning the ns virtually have been completed | Hartman (2%).. 28% - Un Bag & Paper. §7 37 87 37 |Wheel&LErle. 11% 114 11 e — 'NEW YORK, March 27—Foreign|more efore the American Gotton for the sale of Stern Brothers Depart- | Hayes Wheel (3) 31 = UnionOil....... % % % % Wheel&LEDL 23 28K 286 284 STOCKS EX-DIVIDEND exchanges easy. Quotations (in|Shippers: Association, which went into ment [Storer ons of New warkis dacee) Heluelole o) ol - Union oL (L0 av a1w a1 arw B itoMor(ie. 581 sow o 2% ‘ dollars): Great Britain, 4.77%; cables,) sestion here today for a two days i A e et L N % ;i Un Pacific =2 186% 1373 % South Bell Tel 4.78; 60-day bills on banks, 4.73% ting. Approximately 100 mem- cate of bankers headed by Ladenburg, | House P (13%).. 35% 364 351 Utd Alloy Steel. 26% 261 264 o6y | Wilson&Co.... 8% 84 81k 8 ico S S p 3 " 52810: o hmee 4 Eia cotbar: . Thalmann & Co.. and Hornblower & | Houston Oil. S g’gn Un Tk Car pf (1) 114% 115 114% 115 W":"“g,,‘i:,’,’,f,' f; 2% 27 20% :z-fl?\:}:-t Bell " nt Tel & Tel Corp.... l:g;.g“'nn?;.m:ir:xifinnh‘?hzfib- ey z:‘i;’;'fi:);nr:;:“rz-lxr»‘ri!:::‘lfllx:les T Yeske Which Wil meke & ipublisoffer E:S:Z: %fi:iz) on a1% Dtd Clgar{1916); 66: 266, = 66% by w:}lz-.f)v-r of... 842 g:: él“!: éfi" Sug Est Orlent 7s. Mar 27—Jollet & Chi R R Co. . 0409%. + Belgium, demand, .0513%:|eign cotton exchanges, were in at e Y o e Rl o i) oL SRR 15 U o 5 T "hon "5y 15w U8 | woolworth (3). 115% 116 116% 118w B e Mar B Blmenihat wid) & Bo’pi 1 113 |German Pl Kase Nor | teudanos. > i nion : way, .1564; Sweden, .2693; Denmark, S oL on At <’ 2% as%| . 334). o .1427; Greece, .0159; Poland. .19%: . BUTTER LOWER TODAY. |independOll (1) 234 24 22% S Distclvaing 5% 8¢ s 3 Trowinsy it B 8 8, U Rubber T3 TREASURY CERTIFICATES. |Czechoslovakia, .0296%: Jugosiavia.| \pw YORK, March 27 (Special) - CHICAGO, March 27_Butter—Low.- | yjana St1 (3%).. 42% 4 USInd Alcohol. 79% B80% 78% 80 |YellowCab2.52. B6% 36% 864 86% | U & Stoel st be (Quutions Surmiched B e & 0. | (rautine, opy.5s, Bomanle. | cotton goods ‘showed further effects Ti creamery, extras, 45%; standards, (ynepiration Cop. 23 23 U SInd Al pf (7). 106% 106% 106% 106% | Youngstn S&T.. 66 66 63 63 |Utah Pow & Lt 6s. e or | okt ; Shanghai, 74%; Mont-|Of, the decline in raw cotton today, 4 extra firsts, 4415a45; firsts, 4014 Ofter. | Tokio, .41%; Shanghai, .743%; Mont: ing down slightly in & num- 314 extra ., 4415a45; 3 Interb Rap Tr... 17% 17% USRealty (8).. 117 118 116% 118 | tpartiy extra. {Payable in preferred stock. | Va-Car Chem 7s 1001133 | real, .99 29-32. prices coming ¢ 8 ~Fpiryes a43%; seconds, 33a37%. { Int Cement (4).. B4% Bi% USRubber..... 34% 35% 34% 35% | Dividend rates an given in the above tapls | Va-Car Ch 1148 w. 100 LG ber of lines. The 64 by 60 print cloths Eggs — Higher; 3 receipts, 21,290 Int Com Eng (2). 86% 6% USRublst (8).. 93% 93% 93% 937; | &re the annual cash payments based on the Warner Sug 7 . ber uhm 100 31-32 101 1-32 RV T 2 RN i ‘were off an eighth,at 9% fevt&,al\d!he cases; firsts, 20a20%; ordinary firsts, | vernae Har (5) 100 101 100 U S Smelting. 3¢ 35% 33% 85 | ltest auirterly or half-yearly ‘declaratioms. | waTlOT QU 92 P ores: joiy In the first party to ascend Mount |68 by 72 were quoted again at 11%. 2 U 'S Sm pf (3%) 646 - 06 |t paotedy XIS e West Elec 68, Yooz, oo oai8 Blanc this season was a 19-year-old | Raw silks showed a little more ac- 102ig | French girl uvity, but prices were unchangeds ’.“ltoras'e pack, extras, 30%; frsts, | ine Mer Marine.. 12% 12% 12% S0%. g v