Evening Star Newspaper, March 30, 1925, Page 22

29 <3 L0SES EXTENDED IN LATE TRADING Break in U. S. Steel Shares Called Most Vital Inei- dent of Day. » BY STUART P, WEST. Bpecial Dispatel to The S NEW YORK. Ma selling ement h 30.—Another swept over the driving prices Jlishing man mo market down sharply and es: new low prices for the vear, United States Steel . common was particularly weak. This market lead- er fell considerably below fts previ- ous bottom figure for 1925 and at its Jow of the day had lost well over 16 nts, as compared with the top of market. Other active Industrials type of American Can, Bald- Locomotive, American Locomo- the coppers a host of spe- actively stock today. . a number of these ©tting down to their lowest for the Year. The striking thing about the market was the extent of the from the high s of the last four montbs, amou in numerous cases to 1. 15, 25 and points, Steel's Action Causex Worry. with which United States was the most disconcert- of the market from the During the first two sar when stocks were ted strenuous efforts upport United States selling iting more eaxe Stiel broke jnx incident %ul standpotn i0nths of the boing distrit cre made to at which quota was offered to em- But since Steel broke the 120 level has been acting very differently & bears have ham d it sue- ssfully day 1d there “s been a liquida- tior t people h profit ho were tr ing to protect 1 in others. Baldwin at New Low. dwin ‘Locomotive made a new American Locomotive was weak. “he support crumbled in American and In Generat Electric, the ignoring f e annual report, showing $£21.09 against §18.25 the vear befor sha Wwere not any weaker than the aver- age, but they did not do any better. Btocks, like independent Oil and Gas, Pacific Ol and General [ went down about as much age. Tow latter o1l Railroads Off Many Points. Raillway shares were most Rock Island, below 42, was newrly points on the day and 13 points off from its recent top. St Louls Southwestern was off more than a point and so was Reading. There was persistent pressure against Caua- dian Pacific and Baltimore and Ohio. Wabash preferred A was off more than 5 points from where It was quoted when the §5 dividend was an nounced. Delaware, Lackawanna and Western broke badiy. Northern cific was pressed for sale, the earnings of the road are running at the rate of something over §7 share, which would seem to insur the continuance of the prfesent $5 dividend Comparing the Markets. The comment of one of the large wire houses—J. S. Bache & Co.—on current stock market saye in par “The important question of the mo- ment is whether or not the bull| market s difinitely over. In this connection it may be ,énl'rrs!lng to Zo back over seven previous bull markets covering a period of 28 years. In every instance the bull markes was divided into two separate up-| ward swings of broad proportions and, furthermore, in every instance there was an intermediate correction which in some cases went as far as losing a third of the first gain. The minimum loss was 25 per cent. “The usual duration of these inger- medlate corrections has been abo days. The present days lost approximately 22 per cent of the upswing from May, 1924, to March, 1925, so that even with fur- ther corrections in sight, it would not be disproportionate to the history of previous bull markets. However, in applying previous market movements to present conditions, an immediate resumption of the broad bull market | &ppears premature.” STOCK PRICES CRUMBLE. weak. down Market Clcses Welk After Violent Break. the Associated Press NEW YORK, March ock prices crumbled to their lowest levels of the year today, with selling in- spired by the growing bewrish sen- timent, the further collapse in wheat prices and higher call money rates Selling pressure centered at first in the Eastern coalers, but soon spread | to other p: of the list, United | States Steel, Baldwin and many other popular rails snd breaking 2 points ¢ previous resista approximated 1 The closing W heavy. United | States Cast Iron Pipe broke points to 1 neral. Electric 12 and many others 5 to 6 points before sufficient buying support was forth- coming to check the decline. A mod- erate rally zot under way toward the close, during which many Issues moved up 1 to 2 points from their low levels. Very | By more below their levels, Total sal 00,000 shares. Markets at a Glance NEW YORK.—Stocks, States C: Iron Pipe points. Bonds, lower decline to new 19 lows. Foreign exchanges, higher; French francs rally on retreat of shorts. Cotton, lower; beneficlal rains in Texas. Sugar, easy: Cuban selling refined at 1925 low. Coffee, heavy; lower Brazil- fan markets. CHICAGO.—Wheat, weak; liquidation; May breaks 11 cents a bushel. Corn, easy; sympathy wheat. Cattle, steady to weak. HOg:, lower; poor demand. OVERLAND EARNINGS DROP $11,000,000 Income $2,086,645 During 1924, Against $13,034,032 in Previous Year. weak; United breaks 20% French bonds general By the Associated Press. NEW YORK. March 30.—Net profits of the Willys Overland Co. for 1924 fell to $2,086,645 from $13,034,032 in 1923, This was equal to §9.46 a share on the preferred stock on which ac- cumulated dividends now amount to 29% per cent. Allowing for 7 per cent regular preferred requirements, the balance is equal to 23 cents a share on the common, in contrast to $59.11 a share on the preferred in 1923 and $5.32 a share on the com- mom. Profit and loss surplus at” the end of the year was $15.972.789. SINANCIAL, losses | troleum, | he aver- | Pa- | although | 60 market has in 20| ustrial favorites | NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Omice Open. High. Low. ST o W 13% 13% 18% 50 B0 49w 97 98% 96 11 n 11 2% 24 24 8244 824 80 76% 76 13% 104 104 14% 14% 39 384 180 180 40 39 27T% 26% 9k 0% 110% 110% 167% 158k 198 194% 23 2eu 534% 53 53 97 5% 142 Open. High. 92h 92% 14 61% Low. Close. 90% 90% 13 184 61 61% 834 33% 92 924 108 108 12% 12% 5% b% 28 23 89% 89% 674 69% 81 31 0 10 46% 464 35% 354 60% 61 26% 264 645 64y 4l 424 16% 16% 111% 112 224 22% 13% 13% 6% 6% 40% 40% 22% 22% 164 16% 105 10% 130 110% | Bi% Ban | 85 35 | 99% 100% 1% 1% 0% | 2% 487 2% | B85 214 | 244 82 184 | 17% 4“ 100% 20% 194 Abitibl Pow (4). Adv Rumley. Ad Rumley pf ( Alr Reduct (15) . Ajax Rubber. Alaska Juneau Allled Chem (4) . Allla Chalm (4). Allis Chim pt (7) Am Agricul Chm Am Ag Chm pt. . Am Bk N (11215) Am Beet Sug (4) Am Bosch Am Brk Shoe (5) Am B Shoe pt (7) AmCan (17).... AmCar& F (12) Am Chain A (2). Am Chicle.. | Am Chicle ctfs. . Am Chicle p: Am Drug (60c). Am Express (6). Am & For Pow. . Am & FrPpt (7) A Hide & Lea. Am Hide & L pf. AmTce (7). .. Am Ice pf (8). Am Internatl. . Am La Fran (1). | Am Linseed. . Am Linseed pf. . Am Loco (18). Am Loco pf (7). Am Metal (3) Am Metal pf (7). Am Raalator (4) Am Safty Ra (3) Am Ship & Com. Am Sm & Ref (6) AmS&Rpf (7). Am Stl Fdys (3). am Sugar. Am Sugar pf (7) Am T & Cab (5). Am T & Tel (9). Am Tobacco (7). Am Tobac B (7). Am WW&ZI 30c AmW W pt (6). Am Woolen. . Am Wool pt (7). Am Zinc. L Am Zine pf. Goodyear pf (7). Granby Consol. . Grt North pf (5) Grt Nor Ore (4). 384% Grt Wstn Su (R). 931 Gt West Spf (7). 108 Greene Canan. .. 13 Guantanamo.... 6% Guif Mo & Nor.. 28% Gu M & Npf(6). 90 Gulf St Steel (5). 69 Hayes Wheel (3) 81% Helme G (6.75).. 170 Hoe & Co A (4).. 46l House P (133%).. 35% Houston O1l. 63 Hudson Mun 26 Hod Man pf (5). 64% Hudson Mot (3). 41% Hupp Mot (1) 16 112% Ilinois Cent (7). Independ Oil (1) 23% indian Motorcy . 2 Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr. Internat Agri. int Bus Mac (8) . Int Cement (4) Int Com Eng (2). Internat Har (5) Int Mer Marine.. it Mor Mar pf nt Nickel. Int Paper. .. Int Pup pl st (6) (0t Tel & Tel (5) Int Tel & Tel ris Intértype (Y1 Iron Prod (n) Jewel Tea. . Jones Eros Tea Jordan Mot (3). KCP & L1st (7). Kan City South. Kayser (Julius). Kayser 1stpI(1), Kelly-Spring. Kelsey Whi (6) . Kels Wh pf (7). Kennecott (3). Keystone T & R. Kinney G R. Atikcooais Kresge Dep Str Archer-Danie . Laclede Gas (8). Armour Del (7). Lehigh Val (313) armour of 111 A. &My B (t4). Arn Cons & Co.. 1a Loco (4) . ATt Metal (1)... Loews Ine (2)... Asso Dry G (5). Asso Ol (1%) AtT&SFe (). AT&SFpt (5). Atl Birm & At Atlantic CL (7). AtGulf& W1 At Gulf & WIpt. Atlantic Refin Atlan Ref pf (7). Atlas Powdri4). Austin-Nichols | Auto Knitter... Zl'n ' o 464 i 80 e 14% | 107% | eow ! 82! Long Bell A (1). Loose-Wiles. Lorrillard (3). Louisiana OIl. Louis & Nsh (6). Ludlum (2)..... MeCro B (1.60). McCrory pf (7 Mack Treks (8 3 Mac linson & Co.. Manati (5). Manati pt Man El Sup (4). Man El md(3%). Manila Eleurlc Maracaibo Oil. .. Market Street. . Market St 2d pf. Mariand Oil. .. .. Martin-Pry (4). Mathieson Alka. Maxwell Mot A.. Maxwell Mot B. . ay Dept St (6). Metro Ed pf (7). Metro G pf (1.89) Mexican Seabd Miami Cop (2). AMiddle States. Midind Pr pf (8). | Mid-Continent. . Mid-Cont pf (7) Minn & St Louia. | Auto Sales pt. ldwin L (7).. Bald Loco pf (7) Bal & Ohio (5).. Bal & Oh pf (1). Bang & Ar (3).. | Barnsdall A . | Barnsdall B, ... Beech Nut (13) . Bethlehem Steel | Beth st pe (8).. Booth Fisheries. Briggs MIg(3%) Bkl Edison (8).. Bki-Man Tran.. Bkl Unlon G (4). | Bruns-Balk (30¢) Burns Bro (10). Burns Br B (2). Bur Add Ma (3). Bush Term (5).. Eutte Cop (50c). | Butte & Su(50¢). | Butterick Co. ... | Caddo Centrai.. Cal Packing(6). Cal Pete (1%). | Callt Pet pt (7) Callahan Zinc | Calumet & H 50¢ | Can Pacific (10). | Case Thresn pt.. Cent Leather. .. Cent Leather pf. CRRNJ (112). | Century Rib ( Century R pf (1) Cero d Fasco (1) Certain-Teed. .. Certain-T 1st (1) Certain-T 2d (7) Chand Mot (3).. ! Ches & Ohlo (4). Thes &0 pf(6%) Chi & Alton. ... Chi & Alton pt.. Chi& EastIll... Cht & Est 111 pt. | Chi Great West. | Chi Gr West pt.. Chi Mil & St P Chi Mil & SP pf. (‘,hl & Nwn (4).. { Chi & Nw pt (7). i ChiPneu T (5).. IChiR1& Pac... i(‘ 2 1& P pf (8) | is Kan & Tex MK &Tpf (5) | Missouri Pacific. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3). Mother Lode 7 Mullins Body. .. Munsingwr (3). Murray (2.40). h Mot (111) Biscult (14). Nat Cloak (4). at Dalry (3) - Nat Dpt Stores at D St 1st (7). Nat Enamel & S. at Lead (8). at Lead pf (7). at Supply (3). evada Copper. . T&M(D... Y AirBr (4).. ir BrA (4). Y Canners (2). Y Canners rt Y Central (7). Y C&StL (6}.. ¥ Dock pf (5). Y NH & Hart. Y On & Wn (1) Y Shipbld (2). orfolk South. orf & W (18).. orth Am (3.40) orth Am pt (3) North Pac (5)... Orpheum (1.80). Otis Elevator (6} Otls Steel. . Otis Steel pf. Owens Bot (3 Pacific Gas (8).. Pacific Ol (2).. Packard (11%). Packard pf (7) Pan-Amer (6 Pan-Amer B (6) Park & Tilford. Pennsy RR (3). Penn Seab Steel. Peoples Gas (8). Pere Marg (4) Pere Mar pf (5) . Phia Co (4)... Phia Co pf (3) Phila& RC&I. Phillip Morris. . Phillips Pet (2). Pierce-Arrow... Pierce-Arrow pf Plerce Oil. Plerce Petrol. Pitts Coal. ... Pitts Stl pf (7). Pitts Term Coal. Pitts Ut pf 11.20. Pitts & West Va. Postum-Cer (4) Press Steel Car. | Pr St Car pf (7) | Prod & Refiner: Pub S Gas pt(6). Pub Ser N J (8). Public Serv rts. Pub SNJ pf (7). Pub SNJ pt (8). Pullman Co (8) . Punta Al Su (5). Pure Oil (1%). Pure Oll pf (3) Radio Corp of A. Radio C pf (3%4) Ry Stl Spg (8).. RSN Ccfs (4). Ray Cons Cop. Reading (4).... Reading st (2). Reading 2d (2) Readingrts..... Remington Type Remingtn 24 (8) Replogle Steel. . Rep Ir & Steel. Reynolds Sp (1). Rey Tob B (3). Rey Tob pt (1) Rossia Ins (6) . oy Duth 4.42%. St Joseph Ld (2) St L & San F (6) StL SanF pf (6). St L Southwest. Savage Arms. Schulte (*8). Seaboard Alr L. Seabd AIr L pf. . Sears-Roebk (6) Shattuck-Ariz. . Shattuck (F G). Shell Un (1.40) CRI&PpS(T). hi Yellow Ci4). Childs Company. ile Cop (2%). | Chino Copper. .. Cluett Peab (5). | Coca-Cola (D). | Colo Fuel & Iron Colo Southern Col G & E (2.60). ColG& E pf (7). Com Inv (2.50).. Com Solv A (4). Com Solv B... Congol-Nrn (3). Conley Tin Foil. | Consol Cigar. Con Distributrs Consol Gas (5).. Consol Textile. . | Cont Can (4). nt Insur (6).. nt Mot (80c).. Corn Prod (2) Crex Carpet (3). Crucible St (4). Crucible pf (7). | Cub Am Sug (2. Cuban Cane Sug Cub Cane Su pt.. Cuba Dominican Cushmans (3). Cuyamel Fr (4). Daniel Boone. .. Davison Chem Del & Hud (9) Del L&Wn (17 D &R G Wst pf. Dome Mines (2). Doug Pectin (1) Dupont (10).... DuPont deb (6) . Duquesne pf (7). | Bastman (183 | Eaton Axle. Elec Pow w 1. J:lac St Bat (16). Elk Horn pf..... Ind-John (6 Endicott pf ( Iirie Erie 15t pf. Erie 2d pt. Exchrge B (2) Fairbks (2.60).. Fumous Pl (8, Famous pf (8).. Federal Mines. . Fed Mines pt (7) Fid Phoenix (6). Fisher Body (5). Fisk Rubber. Fisk R 1st (1) Flelschmann (4) Foundation (8).. Freeport-Texas. Gardner Motor. . Gen Am Tnk (3) Gen Asphalt. ... Gen Asph pt (5). Gen Cigar (8)... Gen Electric (8) Gen EI spl (60c). Gen Motors (8) Gen Mot pf (7). Gen Petrol (2).. Gimbel Bros.... Ginter Co (1%). Glidden Co. Gold Dust. 109 14% 100% 62 19 644y 13 29% 87% 364 164 354 934 106% 15% 51% 156% 1% 10% 8% 6% 103% 10% 12% 4% 46 87% 9844 262% 264% 1 68% 69% 104 104 48% - 48% 50% 504 27% 27% 13% 14 3Tk 37% 21% 99 110 130% a2% 264 103 49% 49% 12845 73 125% 1% 36k 373 18 66 108 14 464 13% 72% 120% 96 49% “n 65% 9% 45% 69 100% 224 36 150 5% 41 | hennery | Simms Pet (80¢) Goedrich 61% 52 Slmn}onecu ). THE EVENING STAR, WASHINGTON, BONDS GO LOWER AS WEEK BEGINS French Issues Drop to Year’s Low Mark—Railroad Liens | Lose Ground. CORGE T. Special Dispateh to The Sta: NEW YORK, March 30.—Weakness in foreign bonds was the feature of today's market. Second grade and speculative domestic securities sold down in sympathy with stocks, but the, heaviest pressure was exerted upon the foreign groun, with French issues the chief sufferers. New lows for the year wére recorded through- out the French list, including obliga- tlons of the republic itself, of French cities and provincés and of French rallways, French Eights Below Par. The French 8s today sold below par for the first time this year and more than 51 points down from the high of January. French 7 lost more than a point and also made a new low of b points under the best price around the first of the year. The most recently offered French issues. the 78 of 1949, were very weak, off at one time over 2 points. The weakne adversely There was a some of the new most evident in trading between deal- ers. Even where the syndicate price was maintained in the official market, sales were made outside at conces- slons. Chicago Rallway 5x Off. Among domestic tractions the fea- ture was the break in Chicago Rail- way bs, which at §1 were at a new low for the ve The quotation broke a point between sales at one time during the day. This weakness was all the more noticeable because £ the relative steadiness in the local Factions. The high-grade investment group was dull, with only fractional change.. but these were mostly downward. There was not much change in the | specutative ralls. It is expected that the new $15.000,- 000 State of Sao Paulo 8s will be of- fered Tuesday at a price to vield a little over § per cent. HUGHES. French obligations d Belgian bonds thin market for foreign offerings, NEW YORK EGG PRICES. 3 cady receipts, 21138 fresh gathered, extra firsts ; do.. storage packed, 333,a34: fresh gathered, firsts. 31%a32; do., storage packed, 32%a32%: fresh cuthered seconds, 31; nearby hen- ery whites, closely selected, extras, 29a10; nearby and nearby Western whites, first to average ex- 33a38: nearby hernery browns, as, 34a37; Pacific Coast whites. 10a42; do., firsts to extra firsts, ras, GERMAN BONDS AND STOCKS. (Quoted 1o dollars per million marks ) Bid. Ascked 1914-18 1000.00 1650 00 5.00 1630.00 Ger Gt (war loan) Hamburg 4138 1019, Ger Gt 35 (forced loan) 1500 18.00 it 1023 (sm pleces) 23100 5.00 (Quoted In doliars per thousand macks lec 4128 1919 8.00 Dukseidorf 48 pre-war. .. . nkfort a-m 4% pre-war.. Dresdner Bank Deutsche Bank Darmstaedter Rank Mercur Bank Vienna .. 21 18% 22% 82 99% 82u 834 15 4% 50ty 57% 39% 117% 21 19% 18% 13 2314 22 82 Ml- 99% ¥ 98% 834 B1% 8314 83 16 15% 44 484 50% B0l 57 b6% 40 38 117% 117% 1% 11% 68% 564 63 63 24 d1x 9% 9y 4% 4k 17% 16% 20 20% 11% % 437% 103 497 1344 126 SinclairOfl..... Skelly Oil.... Sloss-Sheft (6).. South Pac (6). Southern Ry ( South Ry pf (5). Spicer Mg 3td Gas & E1 (3) Std Gas & El pf. St 01l Calif (2).. StOIINJT (1)... StOINJT pt (). Std Plate Glass. Stew Warnr (5). Stromberg (6).. Studebaker (4). Submarine Boat. Superior Oll. Symington Symlnxlon A () Teluu(oBDh Tennessce Texas Co (3) Texas Gulf (7).. Tex & Pacific. .. Tex & PacC& O Tide Wat Oil (4) Timken (13%).. Tobac Prod (6). Tobe Prd A (7)., Transcont Oil. .. Twin City (4)... Underwood (3). Un Bag & Paper. Union O1l (1.80) Un Pacific (10).. Un Pacific pf (4) Un Tank Car (5) Utd Alloy Steel. Utd Cigar (13%) United Drug (6) Utd Drug 1st 3% Utd Fruit (10).. Utd Ry Invest U S Cast Iron P. USCIPpL (7). U S Distributing U S Hoft (2).. U S 1nd Alcohol. U S Realty (8) U S Rubber. ... U S Rub 1st (8). U S Smelt (75¢). U S Steel (17) e . U S Steel pf (7). Universal Pipe.. Univer P pf (7). Utah Copper’ (4) Utah Securitles. Vanadtum. Vva-Caro Ch pf.. Va Iron Coal & C Va Ry & Power. Vivadou. 5 Wabash. Wabash pf Ay Wabash pf B.... Wwaldorf (1%).. Ward Baking B. ‘West Pen (4)... West Pen pf (7). West Maryland. West Md 2d pf. . Western Pacific. ‘West Pac pf (6). West Unlon (7). West Air Br (6) . Westinghse (4) . Westhse 1st (4). Wheel & L Erfe. ‘Wheel & L E pf. White Eagle (2) whige Mot (4).. Wickwire Spen. Wilson & Co..:. Wilson ctfs. ... Wison & Co pf. Willys-Overind. Wills-Over pf. .. ‘Woolworth (3). ‘Worthington... wright Aero (1) ‘Wrigley (13%).. Yellow Cab 2.52. Youngstn S&T.. *0dd lots. Partly extra, Payable 5, 00 aiasal ook pamtasy el on B8 less otherwise nof extrg ‘epecial Evitenas are met aetadea. - op. . k3 838 64 26% kA 20% 680% 42 16% 37% 110 95% 1% 16 38 88 116% 98 67% 9% b3y 22% 26% 57% "% 9% 24 303 12 85% 114 46% 37% 110 95% 11% 16 87% 88 117% 98 66% 9% 11 22% 26% 574 % 9 24 28% 12 84% u3 “ 16 16 45% 465 364 354 63 3 28% 123 85% 111% 48 12% 86% 114% 48 18% 16% 46 4% 36 36 63 63 G UNITED STATES BONDS. (Bales are in $1.000.) Bales. Lib3%s.... 166 Liblst4%s 2 Lib2d 4%s. 234 Lib3d 4%s. 15 Lib44ys.. 174 US4s1944. 113 UsS4y%s'52. _5 High. 101 11 101 19 100 29 10119 101 29 100 20 104 23 Low. 1018 FOREIGN. Sales. High. Argentine 6s A. . Argentine 6s B Argentine 7s.. Austria 7a 5 Bank of Japan 63 Relgium 6 Belgtum 6168 w i Belgium 7% Belgium 8 Berne 85 Rolivia 8 Bordeaux 6s. Brazil 7s. . Brazil T%s. Rrazil 8s. Canada 551 Canada 68 1931 Canada 5s 1952 Canada 545 1929. . Chile 75 1943. Chile 86 1926, Chile 85 1841 Chile 85 1946 Cou Pow Japan 7s. Copenhagen 5%s. . “uba 5lss . zecho 85 1951. “zecho 8% 1852 ot Denmark 6s Denmark 8s. .. . DEI5%s Mch 63, NDEI5%s Nov'53. 84 .18 62 31 2 5 1 11 Dutch East I 6547 2 Dutch Bast I 6s°62 1 Salvador 8848, Framerican 7%s Krench Ts..... French T%s ~rench 8s Ger El 615 German s Jer Gen Elec “reek Ta. Flait] 6s. . Holland-Amer Hungary 63 Tapanese 4s. .. Tapanese 6lss. ... jergens U M 6s'47 Lyons 68 % Marseilla 6s. . Mexico 4s '04 asnt. Montevideo Tx. . Netherlands 65 '54. Netherlands 6¢ ‘72. Norway 8s Orient Dev deb 6s. Med 6s Med Ts ns 7 Porto Alegre §s. Prague 714 Poland 88 '50 wi. Queensland 6; Queensland 7s. . Rio de Jan s 1946. Riode Jan 8s 1947. Rio Gr Do Sul fs. . Sao Paulo City 8s. Sao Paulo State $3 Seine Dept of 7s. Serbs Crot Slo 88 Sweden 5138 ct Swiss 516s 1946, Tokiobs. ... B Ud Kingm 514829 Ud Kingm 5148 °37 Uruguay ss jax Rubber §s Am Agr Chem 5s. . Am Agr Chem 748 Am Chain sf 6; Am Smit & R 18t 52 Am Smit & R 68 Am Sug ret 2 AmT& Tl trés. Am T & T cl trBs. AmT&Tsf5s. AmT& Tdebs AmT& Tcv 6s | Anaconda 1st 6s Anaconda cv db 7s. Andes 7s Lo« pd Armour & Co 4 { Armour Del 533 Associated Oll 6s. . Atlantic Refin Gs. . Bel! Tel Pa 5 Beth Steel pm 5 Beth Steel rf 3s. Beth Steel 5145 Beth Steal s f Brier HSt 1st§ Bklyn Ed gen 5s.. Bklyn Union O bs Bush T Bldg 5560 Calif Pete 6148, ... Can Gen Eldeb 6s. Cen Leth 68'45 cfs. Chile Copper Col Gas & E Col Gs & El 58 sta. Commonwth P 63 Con Coal Md 1st 58 Con G NY 5148 wi. “onsumers Pow bs Cont Mil 815 "44.. Cuba Canecv 7s... Cuba Cane cvd 8s. Cuban Am Su~ 8s. Denver Gas 5s Dery (D G) Det Edison &5 '40.. Det Edison ref 6s.. Du Pont de N 7%s. Duq L&P 514549, Duquesne Light Est Cuba Sug 7%s. Empire G&F 7% Fisk Rubber §s Gen Refractres 6s. Goodrich 614s. Goodyear 8s 1931.. Goodyear 83 1941.. Hershey 63 1942. Humble O&R 53;8. Itlinols Bell 1st 5s. Illinois Steel 414 Int Mer Marine 6 Inter Paper 55 '47. K C P &Lt 55A'52. Laclede G 5% '53. rillard (P)7s uisv G & E 5852 Manati Sug sf 7%s Midvale Steel & Montana Pow : NYEdbs'4s wi... N Y Edenist 81:s. . NYG EL H&P 4 N Y Tel 4138 N Y Tel 65 '41... orth Am Ed 6s... orth Am Ed 634s. Nor Ohio T&L 6s Nor States Pow 5s. Nor States Pow 6s. Otis Steel 7% Pacific Gas & El 58 Pac T & T 6852 Pan-Amer Pete Pan-Amer Pete 7s. Phila Co 5%s'38 Phila Co ref 65 A Plerce-Arrow 8s Pierce Oil deb 8s Producers & RIS Public Service 6i Pub Serv Elec 6s Punta Alegre 7s.. Sinclair Ol 6s..... Sinclair Oil 6%s... SinclairOf17s..... Sin COP L 6s'28.. Sin Pipe Line b Skelly Oil 6% South Bell Tel bs So Por Rico Sug 7s Southwest Bell 6s. Tenn Elec Pow 6s. Tide Wat Ofl 61s. Toledo Edn 1st United Drug USRub 1strt5s U S Rubber 7%s... U S Smelter U SSteels f5s. Utah Pow & Lt & Va-Car Chem 7s. .. Va-Car Ch 7%s w. Westinghouse 7s. . Willys-Ov 6%s '33. Wilson & Co 1st 6s. Wilson & Co ov 6: Wilson&C cv 7% Winchester A 7%, Youngstn S&T 6s. . o aaRs b & RraemSsm0mG Rams 51 E8Scaum~Bon 10 64 17 9 18 4 17 3 5 7 l18 111 15 28 24 . 63 12 57 5 T BRanterxad - alBannaann-~—o @ o e Brovwmn aw omaleRSana Low. 96 96 102% 941% 99% 83% 92 107 107% 108% 96% 9614 102% 94% 99'% 84% 92% 107% 107% 109% 99 10114 110 97Y% 97, 5 100% 100% 103% 91 86 95% 99 8714 941 93% 100% 87 7 991, 101% 66 115% wsw 2 5 1084 1 MiSCELLANEGUS. 8% 08% 101 101 9718 97 TN 8 971 1061 102 964 9 100% 100% 95'% v4 1024 1 12615 12 99% 99! 100% 100 a6 8V & 923 92 1021 102% 931 95% 101% 101y 9014, 901, 96 961, 8615 &6 94'z 94 99 a9 100% 100 100% 100 Y63 . 1034 10310 107% 107% 100% 1004 100% R4% 83% 101% 101% 94% 941, 9% 9l 97H €T 101 101% 1054 1084 931 93y 98 18 100 997 107% 1073 107% 107% 104% 10474 105% 10614 105 104% 101%5 101 112 111% 100% 100% 104% 10414 109 109 120 119% 104 104 101 1007% 99% 98914 9414 34y 2:50. 1018 101 18 101 18 100 26 100 27 10117 10117 101 27 101 27 100 17 100 17 104 22 104 25 2:50. 96% 3 1028 94% 99% 834 924 107 107% 108% 92% £2% 2 106% 66 100% 102% 103% 1024% 99% 102% 107 107 90 956% 97 99 991 8RU 88% - 89 88% 9% 978 983, 9814 1184 116% 93% 934 100% 100 90% 90% 99 9944 100% 100 112% 112% 86% 86% 96% 9614 107% 107% 100% 100% 103% 103 95% 95% 95% 954 104% 104y 90% 90% 954 95 95% 954 112% 110% 106 106 96% 96 104% 10415 92% 91% 103% 103% 110% 110% 95% 95% 104% 104% 105% 105% 107 106 88 87% 91% 91% 100% 997 84% R4 108% 107% 99% 99% 1034% 1031% 99% 98% 101% 100% 103% 1034 109% 109% 102 1015 85% 85% 105% 1064 101% 101% 105 105 98% 93% 86 85 46 46 99 98% 110% 110 107% 107% 85 85 100 100 95% 95% 8% '13% 4 2% 101% 101% v { Int Rap Tran 6s | Lake & ‘\DT&.\IE‘Q' = | Unlon Pac 4: MONDAY, MARCH 30, 1925. [oxmer vome BONDS srocemenance] | WHEAT COLLAPSES Received by Private Wire Direct to The Star Ofice, RAILROADS. Sales. High. 64% 82% 89, 86% 91% 99% 88% 9244 89 101 103% 101% 100% Low. 2:50. 645 644 824 82% 8Y% 89% 86% 86% 91% 91% 99% 99% 88% 884 91% 9l 83% 88% 100% 100% 103% 103% 100% 100% 1004 Ann Arbords. ... Atchison adj 4s. Atchison gen 4s. Atlantic C Lecl 4s.. Atlantie C L 1st 4s. B&Oprin3ts. 72 Bklyn-Manhat 6s. 61 Buff R & Pitt 4%s. L Canad North 6%s. Canad North 7s. Canad Pac deb 4s.. Car Clinch & O 5. ar Clinch & O 6s. Cent of Ga 6s. . Central Pacific 4s. Ches & O gn 4%s. . Ches & O ov 5s.. Chi& Alton 3%s Chi B&Q gn 48 5. Q Chi&Elgnbe. . Chi Great West 4s. C M & Puget Sd 4s. 33 CM&St P s 28, CM&StPdbds CM&StP gn 4 ve Term 5lzs Colo & Sou 4145, Cuba RR 5s... Del & Ha 1st rf 4s. Del Hud cv 53°35. . Den & Rio G cn 4s D & Rio G imp 5s. . D& ¥ Wst 5. Erie 1st cons 4 rie gen 4s e conv 4s A irie conv4sD. . Erie Genessee R 63 Gr Trunk sf db 6s. irand Trunk 7 orth 58 rNorth 53s..... Gr North gen 7s.. . GGreen B & W db B. Hud & Man ref 5s. Hud & Man aj bs. . Tl Central ref ds. . 111 C-C St L&NO s Int Rap Tran 5s. .. Int Rap Tr 5s stpd. 1% 89% $Th £3% 62% 664 | T8 63% 661 i 1047, 1'% €312 T1% 837 841z 98% 96 100 94 106% 594 9y 22 o2 46U 56w £6% ®EGly 103 103 81 &1 3% 13% Int Rap Tran 7 Kansas Cit Kansas City Kan Rdly 981 96 100 93% 105% 59% 98 Lake Shore 4s " Lehigh Val 55 2003 lLouis & . Louis & Nask M StP & SEM cn 48 MK&T1st4s MK&T4sB... M K & T adj 5s. MK & T e 1n 65 A 200 104 | FINANCIAL. IN LATE TRADING Price Tumbles 8 Cents Under Saturday as Demand Stops. By the Associated Press. CHICAGO, March 30.—Owing largely to lack of adequate rain in th domestic Winter crop bait, wheat prices averaged higher today in the early dealings. The fact that world shipments were smaller and that the | amount of wheat on ocean passage | had decreased by 1,100,000 bushels | tended further to lift values. Selling to realize profits led to only a tem- | porary setback in prices. The oper ing, which ranged from % decline to 1% advance, with May 1.57 to 1.58 and July 142 to 1.42%. was followed | by a drop in the afternoon for M nd oats were firm, heiped by | wheat strength. After opening at % to % cent advance, May 1.0814 to 110, the corn market scored frac- tional gains all around Oats started 14 to % cent lower, May 43% to 43%. Later all months showed some udvance In line with the provisions were weak hog market, way when wheat turned weak. Corn closed unsetticd 2% to 37 cents net May 1.07% to 1.07%. on 1 Low. 1a4% 1481 1.38%3 September 12 CORN May July September . 07% 108 1134 431 i) §ubsequently corn and oats gave| GAS LIGHT INCOME OFF IN FEBRUARY Ciimatic Conditions Respon- sible for $3,000 Loss. Other Local Notes. BY CHAS. P. SHAEFFER. Mild climatic conditions, vely, resulted in a loss of approx imately $3,000 fn net corporate i come of the Washington G Co. in February, 1925, as compa With the corresponding period of 1a year. The net for the month amount ed to $99,443, as against $102,134 fo the sams month last year, according to statement filed with the Publ Utllities Commission early this after noon. Operating revenues extent of § Dpenses g compars d elumped to the 5,000 to $467,788, while ex- ¢ ined approximately the sar amount. Interest deductions totaled 342 mainly on account of the 50-vear 5 per cent bonds and the 10- Year 6 per cent fissue, with othe {deductions amounting to $27,308. (s made during the month amount ed to 48 ubic feet, a decrease 900 over February of 1924. ieorgetown Gas Light Co. also, Isuffered a reverse, reporting a ne ~ as against the correspond month o |1as r. Operating reve 45 and expenses to $41,06 Trading on Local Mard. The tenor of trade on the Wast Ington St E: nge was weak today. Gas stock sold off to 58, Na |tional Bank of Washington was ba ito sales of l& n and Me |s01d to aggregate of On the other tion stock, hand, il 9635 ) | COTTON QUOTATIONS | OPEN WEEK LOWER |+ | Reports of Fnirly Good Rains Help 1 Force Prices Down- | ward Today. By the Associatad Press | Y YORK. March 30.—Reports of rains in northeast Texas, c ined | with relatively easy Liverpool cables. led to a renewal of selling in the| cotton market in today's early trad-| ing. The opening was easy cline of 11 to 20 points and active | months sold 20 to 24 points net lower, July declining to 24 9S. There was some trade buying | tion of stop orders below the 243 level for July, | prices rallied several points from the |lowest. Bellef that the drought area {in the Southwest had been consider- ably reduced encouraged bearich opimions, however. and the tone of the | market was unsettled at the end of | | the first hour. | New Orleans Quotations. | NEW ORL Mare | cotton market opened sympathy with lower cables than due Mo Pacific bs '65 Mo Pacific 6s Montrl Tm 1st 5s. | NOTex& M in5s. 10 NOTex&M5sB.. 2 ¥ Centcn ds 95, Centdeb 4s... ' Cent ri5s 11 v G o 3 H 1 7 3 ent deb 6s. . 1646 5 1 “ent LS cl 3158 * & St L db 4s Y Chi & St L5%s YC&tL6sA.. New Havcd 6s New Hav d 45 '57.. NY. Ont W lst 4s.. New York Ry rf 4s New York Ry aj 5s Y Rysadjbsct.. Y W & Bos 4%s.. orfolk & W cv 68120 .rthern Pac 3s E orthern Pac 4s. .. Northern Pacr i 6s 21 Ore Sht L cn 38 46. vash 1st rf 4s 1 con4ls.. Pennsyl 58 '64. Pennsyl 638 Pennsyl gold Ts. Por RL& P 6s'47. Reading gen 4s... Reading gen 434s. Rio G West Ist 4s. Rio G West cl 4s.. RIATk & L 4%s.. St L IM&S R&G 4s StL&SF plésA StL&SF prinbs. StL&SF 5%sD.. St L& S F adj 6s.. StL&SFinc6s.. StL&SFplésC.. StLS W listés.... StP Un Dep & Seab'd A Lref Seab'd A L adj bs.. Seab'd A L con 6s. . Sou Pacific 4s°29. . Sou Paclfic ref 4s.. Southern Ry gn 4s Southern Ry 1st §s 2: Southern Ry 6s ct. Southern Ry 6% Term Asso St L Texas & Pac 1st b3 Third Ave ref 4s Third Ave adj 5s. . Toledo Trac 6s. Union Pac 1st 978 86% 8% 108 8015 101 85% 74% 8914 96% 20 764 102 1044 108% 1 1101 100% b2% 40% 100% 28 99% 106 103% 97% 95 101% 95% ‘37, Un Pac 1strf S Union Pac cv 6s. Virginia Ry 1st VaRy & P 1st 5s. . Wabash 1si Wabash 2d 5 Western Md 4s. 63% Western Pacific 53 10 93% West Shore 1st 4s. 8 824 ROAD -HAS DEFICIT. NEW YORK, March 30.—A deficit $68,968 for February, after charges, is reported by the Denver and Rio Grand Western, compared with a deficit of $63,509 in the same month last year, CABBAGE PRICES DROP- NEW YORIK, March 30 (Speclal).— Approximately 50 carloads of cabbage { arrived today from South Carolina and Florida and prices declined under the heavy supplies. Most business was transacted at $1.25 to $1.50 per 13- bushel hamper for white, and $2.25 to $2.50 for the red variety . el e e FEWER STOCKHOLDERS. NEW YORK, March 30.—Holders of common gtock of the United States Steel Corporation had decreased 2,210 as the books were closed for the March dividend, the total being 94,- 107, The number of preferred share- holders also declined 581 to 77,933 at the closing of the books for the Feb- ruary dividend. . | dozen, {and reports of good rains in east | Texas and southeast Oklahoma. First logses of 15 24 ¥ | trades showed to | points. There |after the call of 6 to 11 points which carried July to 24.66 and October to | 23.75, but prices soon eased off again ! under tha pressure of heavy seiling |due to an official forecast for um- | settled and showery weather in the Western belt as a whole ———— GRAIN AND PROVISIONS BALTIMORE, Md., March 30 (Spe- cial) —Potatoes—per 100 pounds, 1.00a 1.35; new potatoes, barrel, 4.00a11.00; sweet potatoes, barrel, 250a5.00; yams, barrel. 250a5.00: asparagus, 3.008.00; beans, hamper, 4.50a beets. crate, 1 50; cabbage. 10.00215.000; kale, barrel. 50a80; bushel, 1.25a1.75; caulifiower. 1.7582.75; cucumbers, bushel, 5.50a8.00; celery, crate, 1.50a3.25; egg- plants, crate. 3.50a5.50; lettuce, bas- ket, 1.00a2.00; onfons, 100 pounds, 2 : horseradish, bushel. 3.00a < oysterplants, 100, 4.00a6.00 parsnips, r. 30a33: peas. hamper, 2.0043.50; peppers, crate, 4.00a7.00; radishes. bushel, 1.00a2.00; spinach, bushel, 40a60; squash. crate, 4.00a5.00 tomatoes, crate, 2.50a6.00; turnips, basket, 50a85. Apples—Packed, bushel, 1.00a2.25: grapefruit, box, 2.25a3.00; oranges, box. 5.3086.50; strawberries, quart, 35a50. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, ex- port, no quotations: No. 2 red Winter, spot, domestic, 1.69%: No. 2 red Win- ter, garlicky, domestic, 1.681§; No. 3, red Winter, no quotations. 6.50; ton. carrots | crate, barrel, 3.50a7.50; Corn—Cob, new, 6.75 per barrel; yellow, spot, 6.50a track corn, vellow, 2 2 rye, %. eceipts, 20 to: 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 severly felt. Quotations today: No. 2 timothy, 19.00a19.50; No. 3 timothy, 16.00a’ . 1 light clover mixed, 18.00a No. 1 clover mixed, 17.50a18.00; No. clover mixed, 16.00a17.00. Straw—No. 1 wheat, 15.50a16.00 per ton: No. 1 oat, 15.50a16.00; No. 1 straight rye, 18.00a19.00. FOREIGN EXCHANGE. (Ruotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold yalue. oday. London. pound ..........$4.8865 Montreal, dollar Paris. franc Brussels, fra Rome, lira Zurich, fra Athens, drachms Madrid, peseta . Vienna, crown Budapest, crown . crown . zloty . Copenhagen, crown Christiania, crown Stockholm,” crown TREASURY CERTIFICATES. (Quotations furaished by Redmond & Co.) ——Noon.—— 4%s June 15, 1925.. 2%s September 15, 14 4%s December 15, 1025.. :an March 15, ll;bze s September s March 15, 1627 18 Demver 15, o2 . RATES ON BAR SILVER. LONDON, March 30.—Bar silver, 31%d per pound. Money, 4% per cent. Discount rates, short bills, 4%a4 7-15 per cent; three-month bills, 412a4 9-16 Dper cent. NEW YORK, March 30.—Bar silver, 67%; Mexican dollars, 517%. i O . 100 8-32 100 11-32 . % 100 1o a%e 10 936, do1 o 101 Bae BT+ 4 . 102 102 3-82 a slight rally right| < Hotel . changed hand Lrnugm 91 {the at Wa New Office Opened Here. ds & Co. have establish in the Southern Building 1 specializes exclusivel gations of United States Gov- 'trnmv nt as dealers ding a Da- tional market for these issues through offices connected by a privats eystem in Federal Dividend Distribuuted. Alfred C. Coxe, jr, receiver of : Baker, is distributing a fourth of 5 per cent the of the firm, making a tot ent paid on allowed claims j1e ,nwr will | atstrivution up This ix said to tributic la 7 and October to || |on the scale down as well as cover- | 5 | ing and after exec | ;Hr the Tre Quced of [ Inereased 1 e D CERTIFICA Ser Y 1 sept TD.1. Dec Adjusied service are as follows S OF INDEBTEDNESS “Jn | | TREASURY was about t entered upon his debt, not incl loan, aggregated § appears above, the gures are 1 { Mellon short-te | third Lib | sponding ¥t As Program at Institute. edule for the lo an Institute of Bank week's sc er, Ameri follows tandard tems of e ccounting class: r, conductin of the subject matter o pr ry to an exa tion to be given in a few weeks Wednesday—Raymond B. Dickey will 1 e negotiable i strume Real and Pe sonal Defenses.” Thursday—A review will be ¢ ducted by Eliot H. Thomson in the elementary banking class, exam tion to be given fn a few weeks, a the class in public speaking and d bate will meet in Washington S Exchange rooms. riday-—Stand banking Banking,” lectu rd banking class; lecture by F. J. Donohue on “Inter [national Exchange.” and a review by R. Gordon Finney on the studies of the credits class. Bank Blanks on Hand. Blanks for reporting the initial' condition of local banks in 1925 have been received from the controller of the currency. { s CHICAGO LIVE STOCK MARKET CHICAZO, March 30 (United States Department of Agriculture S Receipts, 36,000 head; most & cents lower; packing sows show more decline; slaughter pigs little changed: few open sales steady to 10 cents lower; early extreme, top, 13.50; bulk, 160 to 310 pound averages, 13.00 to 140 to 150 pound weight largely bulk packing sows, 12.20 .40; majority strong weight slaughtet pigs, 11.50 to 12.15; hea weight, 13.00 to 13.30; medium weig! 12.90 to 13. light weight, 12.60 to | 13.15; light light, 11.50 to 13.00; p: ing hogs, smooth, 1230 to 1 packing hogs, rough, 12.00 to 1 slaughter pigs, 10.75 to 12.15. Cattle—Receipts, 19,000 head better grade fed steers and y in very moderate supply; generall steady to weak: spots unevenly / lower; fat she stock lower; in be- tween grades, fat cows, weak (o lower; bologna bulls, strong to 15 higher; best sausage offerings, 5.00; veal calves steady to weak, bulk to packers largely 10.00 downward; out- siders selecting. upward to 1. top yearlings early at 1150; matured steers also at that price; big weights, 11.25; average around _1,600-pound bulk fed steers, cows, 5.00 to heifers, 5.00 to 9.00; stockers and feeders in narrow country demand; generally weak: undertone lower. Sheep—Recelipts, 20,000; very slow: no early sales; fat lambs around 25 cents lower; few desirable weighy lambs offered; fat sheep weak: sheat- ing lambs dull; talking around cents lower. slow; arlings Lovebirds, tune-telling” ing scarce. once popnlar for “for- in England, are becom-