Evening Star Newspaper, April 9, 1925, Page 28

FINANCIAL. STOCKS DO BETTE INFINAL TRADING Prices Rebound in Special Stocks—Maxwell “A” in Very Active Demand. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, April the new Dodge Bros. preferenc shares monopolized atention as busi- ness began tod The stock sold up to 1031, as against the subscription price of 100. Then came a flood of offerings from the people who had subscribed merely to make a quick profit. The stock broke under this selling nearly 3 points, then steadled The books were closed at 11 o'clock and from all indications there was big oversubscription, but nothing was said as to how far this was speculative and how far it meant the placing of the stock in permanent hands. After the first hour or so the dealings in Dodge Bros. quieted down and interest was transferred to other things. Rail Shares Stay Weak. Despite everything done to reassure sentiment on the Chicago and North- Western situation by ng that the next dividend would be paid and that earnings were picking up, the stock continued to be sold. It dropped be- low 50 again, at which the yield was 8 per cent The continued weakness sylvanla was the most disturbing in- cident of the day. It was commonly et down to bear pressure, based upon the of operations for the de- cline in Chicago and Northwestern and exploiting another earnings sit- uation, which, on the surface, was notencouraging. Pennsylvania bare- 1y more than covered the $4 dividend in 1924, The same was true of the first two months of 1925. At the same time the charge has been made that equipment expenditures have 7ot Dbeen what the Savage Arm §3 was back over all the ground gained since elec- tion day. It was down 46 points from its top. This was an extreme case; still it was not altogether odt of line with the experience which has Attended other specialties in which bullish operations_were carried to ex- tremes during the Winter. American Bosch Magneto below 30 was selling 24 points under the top reached dur- ing the orgy of January 3. Mack Trucks was off over 10 points from its high Motors Lack Incentive. The completion of the Dodge Bros flotation seemed to exhaust the fm- mediate incentive in the market for the motor stocks. Nearly all these shares were freely supplied—Stude- baker, Packard, Hudson and Willys- Overland. There were no indications of any desire to resume bullish activities in the oils. These stocks were inclined to drag along with the rest of the list. Pacific Oil was down a point and #hillips Petroleum was off 1% from the high of the previous day. The continued selling of Pennsyl- vania Railroad was attributed to a variety of causes. It was said in the Street today that many of the most active traders have been busy on the short side of a number of the rail- road shares and that Pennsylvania was one of them. Their operations are believed to have been based on the comparatively unfavorable earn- ings statements of some of the roads, including the Pennsylvania. Last year, the recent report showed, the Pennsylvania had a loss in net in- come of $10,000,000 from the results of the preceding 12 months. Moreover, the January and February figures were none too 500d. Figurimg Dodge Profits. Although, as stated In the formal announcement of the Dodge Bros. preference stock offering today, the company has never had an unprofitable year, there were spme Who Were won- Gering whether the recent profit per could be maintained. The 1924 tatement showed that 222,236 cars were sold and that net earnings before taxes amounted to $19,965,440. This Jeant earnings per car Of Approxi- mately $80. There is some doubt that profit of $90 per car can be con- tinued indefinitely. In the event of lower profits the present calculations on the common stock, given as a Dbonus, might have to be revised. PHONE EARNINGS GROW. C. & P. Revenues in March Larger Than in February. Bpeclal Dispatch to The Star. BALTIMORE, April 9.—Chesapeake and Potomac Telephone Co.s total telephone revenues for February were s against $762,006 a year ago, and $849,630 in January. Net revenues were $123.891 in February, $153,915 in January, and $108,403 in February, 1 , according to reports filed with the Public Service Commis- sion vesterday. 9.—Trading in figure of Penn- e 12 months end- 25, were $1,392,226 743 for the same period ended January 31, 1925. . EXCHAN (Quotations furnished by W. I Noumal Sell sold Montreal, ¢ Paris, fran Trussel Berlin, Rome, Zurich, Athens, ¢ Madrid Vienna Budapest. crown . Prague. crown Warsaw, Associated P NEW YORK, chan easy tes dollars April 9.—Foreign ex- Quotations in United Great Britain, demand, 11-16; _ cables, 4.7811-16; 60-day bills on banks, 4.73 15-16. France, de- mand, .0512% ; ca 0513%. Italy, demand, 0410; 0410%%. Bel- gium, demand, Germany, de- ma 380, demand, 3986, demand, Sweden, de- mand, .2693. Denmark, demand, .1838. Switzer demand, .1931%. Spain, demand, . Greece, demand, .0172 Poland, demand, .18%. Czechoslo- a. demand. .0296%. Jugoslavia, 016 Austria, demand Rumania, demand, .0047. demand, .3850. Brazil, de- Tokio, demand, $1% demand, 74%. Montreal, demand, 000014 1% Argentin. nd, .10% nghai, [ DIVIDENDS. Perlod. Rate. q § s 1%7% § i Q L sX 3 SA 314 Q Q62%% ex 1235% mth Q qQ Q Adwance in Flour. BALTIMORE, April 9 (Special).— An advance of 25 cents per barrel on western grades of Winter paten and Winter straight was announced. here today. Stock ot Pty s 5 Jume 1 2w May 5 A A2 Amia Ay A A rYI 20 e Ao May 1 Corp. rt M C rden Co. Do. pfd Century & Mii Continental Ca Cudahy_ 6% pfd Do. e Cluett, P & Co. Gil_Saf Razor Doisi?s. o Homestake M Intertspe Corp. Natl Carbon pfd. F W Woolworth. Co. June 1 Jupe 1 April 25 Adams Exp (6).. Afr Reduct (4) Ajax Rubber. Alaska Juneau Allied Chem (4). Allied Cm pf (7) Allis Chalm (6). Allis Chim pf (7) Am Agricul Chm Am Ag Chm pf. Am Bosch...... Am Brk Shoe (5) Am B Shoe pf (7) Am Can (17). Am Can pt (7). Am Car & F (12) Am Chain A (2). Am Chicle Am Chicle pf ct. Am Drug (60c). AmM&F P 25% (7). Am & For Pow.. Am & Fr P pf (1) Am Hide & Lea. Am Hide & L pf. AmIce (7).... Am Internat] Am La Fran (1). Am Linseed. . Am Linseed pf.. Am Loco (118). . Am Safty Rz (3) Am Ship & Com. Am Sm & Ref (6} AmS&Rpf (7). Am Stl Fdys (3). Am Sugar Am Sugar pf (7) Am Sumatra pf. . Am T & Cab (5). AmT & Tel (9). Am Tobacco (7). Am Tobac B (7). Am Typ Fdrs (7) Am WW&Z1 30c. Am W W 1st (7). Am Woolen. ... Am Wool pt (7). Am Zinc pf. Anaconda (3 Ann Arbor., Ann Arbor pf... Archer-Danjels. Armour L1 A(2). Asso Lry G (6). Asso D G 1st (6). Asso Oll (13%)... AtT&SFe (7). AT&SF pf (5). AtlanticCL (7). AtGulf & WI. Atlantic Refin. Austin-Nichols Ealdwin L (7). Bald Loco pf (7). Bal & Ohlo (5).. Bang & Ar (3).. Barnsdall A. ... Bayuk Ciga, Bethlehem Steel Eeth Stl pf (1).. Booth Fisheries. Briggs Mfg(3%) British Emp 2d. Bkl Edison (8) Bkl-Man Tran. . Bkl Union G (4) . Erown Shoe (4). Bruns-Balk (90¢) *Buff Reh & P *BR & P pf (6 Burns Bro (10). Burns Br B (2 Bush Term (5).. Eutte Cop (50¢). Butte & Su(50c). | Caddo Centrai.. Cal Packing (6). Cal Pete (1%)... Calif Pet pf (1) Callahan Zinc. .. Calu & Ariz (2). Can Pacific (10). Cent Leather pf. Cern d Pasco (4) Certain-Teed. .. Certain-T 2d (1) Chand Mot (3).. Ches & Ohio (4). Ches &0 pf(6%) Chi & Alton..... Chi & Alton pf.. Chi & EastIll... Chi Great West. Chi Gr West pf.. Chi M1 & StP... Chi Mil & SP pf. Chi & Nwn (4).. Chi & Nw pf (7). ChiPneu T (5). Chi RI1& Pac... CRL&Ppt (6). CRI&Ppf (). Childs (12.40)... Chile Cop (2%). Chino Copper-. .. Cluett Peab (5). Coca-Cola (7)... Colo Fuel & Iron Col G & E (2.60). Col G& Ept (7). Com Solv B..... Congol-Nrn (3). Con Distributrs. Consol Gas (5). Consol Textile. . Cont Can (4). Cont Insur (6).. Cont Mot (80c). Corn Prod (2). Crucible Stl (4). Crucible pf (7).. Cub Am Sug (3). Cub Cane Su pf.. Cuba Dominican Cuban Dom pf. . Cuyamel Fr (4). Cuyamel Frrts. Daniel Boone Davison Chem. . Del &Hud (9).. Del L&Wn (17). Detroit Ed (8).. . Dodgs Bro pf wi. Louag Pectin (1) Dupoat (10)...... DuPont deb (6). Eastman (18) .. Elec Pow w 1. Elec Str Bat (4) Endicott pf (7).. sex Cot M 1st. Exch- 1ge B (2) Fairbks (2.60). . Famous Pi (8). Famous pf (8).. Fed Lt & T (17). Federal Mine Fed Mines pf (1) Fisher Body (5). Fisk Rubber. Fisk R 1st (1). Fleischmann (4. Frank-Si pf (7). Freeport-Texas. Gen Asphalt. ... Gen Baking (3). Gén Cigar (8)... Gen Electric (8) | Gen E1 spl (60¢). Gen Motors (6). Gen Mot pf (7). Gen Petrol (2). Ginter Co (1%). Glidden Co. Gold Dust Goodrich. Goodrich pf (7). Goodyear pf (7). Grt North pf (5) Gt Nor Ore (1) | Grt Wstn Su (8). Gt West S pf (7) Gulf St Steel (5) Hartman (2%) .. Hayes Wheel (3) | Hays W pt (1%) Homestake (17). House P (13%) Houston Oil. ... Hudson Man . Hud Man pf (5). Hupp Mot (1).. Illinofs Cent (7). Independ Ofl (1) Indian Motor pf. Inland Stl pf (7) Inspiration Cop. Interb Rap Tr. Intbrnat Agri. Int Cement (4) Int Com Eng (2). t Mer Mar pf. 1Int Nickel Hudson Mot (3). - Open. High. 92% 99% 12 5 8% 118% Int Bus Mac (8). 1154 69% 87 Internat Har (5) 103 ‘Intér Har pf (7). 114% 4on ) : 1 924 99% 12 24 17 9% 15% 61% 3% 03 114% ES Low. 92% 29 12z 1% 84% 118% 8% 104% 16 40% 30% 984 110 164% 118% 199% 23 133 97 5% 48 54 46 82 86% 81 105% 7 31 9% 21 54 8% 49% 105 85% 41 83% 93% 50% 82 21% 648 4% 83% 564 105 133% 83% 6% 8% 8 61% 108 9% 38% 67% 93 29% 57% 4% 9% 3% % 2% 34% 144% 130 115 100% 16% 143% 96 108% 100% 1% 112% 28% 364 97 15% 85% 93 106 139 18 51% 64 124 82% 8 108 10% 48 139% 93 263 11% TR 104% 1353 27% 15% 284 534 96 93% 61 28% 4% 108 0 28% 83% 103% 43% 35% 62 28% 65 43% 16% 113% 28% 83 105 284% 17 9% 116% 69 3644 108 40% 57 133% 34 6 76% 3% €14 109% 9% 38% 6% 83 29% 58 5 89% 4% £ 2% 35 6 130 118 100% 16% 143% 96% 108% 100% 614% 112% 28% 864 97% 16% 86 94% 106_ 189 16 b51% 6t 12% 82% 8 108 10% 4 139% 93 268% 1l 71% 104% 50% 27% 16% 384 63% 96 95% 61% 28% 95 108 70 28% 841 103% 48% 85% 6244 28% 65% 45 16% 113% THE Open. High. 50% 72 18% 60% 88 28 16% s Int Ry Cent Am. Int Ry CA pf (5) Int Tel & Tel (6) Intertype (11%). Jones Eros Tea.. Jordan Mot (3). Kan City South. Kayser (Julius). Kelly-Spring. Kennecott (3) Keystone T& R. 2% Kinney pf (8)... 96 Laclede Gas (8). 160 Lee Rub & Tire. 18% LehighVal (3%) 784 Loews Inc (2)... 26 Lot RS T Long Bell A (1). 49% Lorrillard (3)... 84% Loufsiana Oil... 16% Louls & Nsh (6). 105% Ludlum (2).. 85 McCro B (1.60).. 844 Mclntype P’ (1).. 16% Mackay (7) 1164 Mack Treks (6). 138% Mack.T 1st (7).. 107% Magma Copper.. 87% Mallinson & Co.. 26 Mallinson pf (7). 89 Man Emdg (5). 88% Man Shirt (1%). 25 Manlila Electric. 35% Maracaibo Ofl... 26% Market St prior. 464 Market St pf 20% Mariand Oil..... 87 Martin-Pry (4). 28% Maxwell Mot A.. 98% Maxwell Mot B.. 61% May Dept St (6). 104% Mexican Seabd.. 16% Miam! Cop (1) 10% Mid-Continent.. 28% Minn & St Louls. 2% MStP &SSMpf. 46 Mis Kan & Tex.. 81 Missour] Pacific. 83% Missour! Pac pf. T74% Montgom Ward. 46% Moon Mot (3)... 26W Mother Lode 76c 7 Motor Wheel.... 18 Murray (2.4v)... 85% Nash Mot (111).. 819 Nash pf (7) 106 66 67% 4T 41% 97 31% 81% 145 116 63% 13% 119% 45 53% 116 20 26 29% 20% 42 98% 22% 128% 5% 48 60% 9% Nat Dalry (3) Nat Dpt Stores. . Nat D St 1st (7). at Distillers pf. Nat Lead (8) Nat Lead pf (7). Nat Supply (3). Nevada Copper. N O Tex & M (1) NYAIrBr (4).. NYAIrBrA (4). N Y Central (7). NYC&StL pf (6). NYDock....... NY NH & Hart.. NY On & Wn (1) N Y State Rys. .. N Y Steam pf (7) Norfolk South. . Norf & West (7) North Am (3.46) North Am pf (3). North Pac (6)... Nunnally (1) Ontario Mining. 6% Orpheum (1.80). 28 Otis Elevator (6) 103% Otis Steel....... 10% Owens Bot (3).. 4é% Pacific Gas (8).. 106% Pacific Ol (2).. 56 Packard (11%). 28 Packard pf (7).. 109% Pan-Amer (6) Pan-Amer B (6 Pennsy RR (3). Penn Seab Steel. Pere Marq (4) Phia Co (4)..... Phila& RC&I. Philltps Jones Phillips Pet (2). Plerce-Arrow.. Plerce-Arrow pt Plerce-A prior 8 Plerce Ofl. .. Plerce Petrol. Pitts Coal. ... Pitts Coal pf (6). 86% Pitts & West Va. 68 Postum-Cer (4). 108 Press Steel Car. 53% Prod & Refiners. 24 Pro& Rpf (3%) 45% PubSGaspf(8). 98% PubSerNJ (5). 66% Pub SNJ pf (8). 109% Pullman Co (8). 188 PureOll (1%).. 27% Radio Corpof A. 5% Radlo Cpf (3%) 50% *RSIICefs (4). 73 Ray Cons Cop... 12% Reading (4)..... 78 Reading 1st (2)= 87 Remington Type 68% Replogle Steel.. 14% Rep Ir & Steel.. 44y Reynolds Sp (1). 11 Rey Tob B (3)... 75 Rossia Ins (6)... 95 Roy Duth 4.42%. 49% St Joseph Ld (2) 45% StL & SanF (B). 664 St L Southwest. 45 Savage Arms. 65% Seaboard Air L.. 21% Seabd Alr L pt 36% \lg Shell Un (1.40).. 24 Shell Un pf (6)... 100 Simmons Co (2). 86 Simms Pet (50c) 22% Sinclair Ofl..... 19% Skelly Oll....... 24% South Port S (6) 10 South Pac (6)... 101% Southern Ry (5); 84% South Ry pf (5). B84% StaGas & El (3) 444 Stand Mill (5)... 69% Stand Mill pt (6) 81 St Oi1 Calit (2).. 59% StONNJT (1)... 4&1% StOINJ pf (1. 117% Std Plate Glass. 12 Sterling Pr (16). 63% Stew Warnr (5). 59% Stromberg (6).. 68 Studebaker (4). 44% Studebak pf (7). 113% Submarine Boat. 9% Superior Ofl.... 4% Superior St1 (3). 28% Symington 18 Symington ) 2% Telautogph 26c.. 11% Tennessee Cop.. 8% Texas Co (3).... 44% Texas Gulf (7).. 108% Tex & Pacific... 49% Tex & PacC& 0 14% Third Avenue... 9 Timken R B (14). 40 Tobac Prod (6). T4% Tobc Prd A (7).. 97% Transue & W(2) 25% Twin City (4)... 68 1% Underwood (3). % 37% Union O} 3 Union Of1 (1.80) Un Pacific (10). . 140 Un Pacific pf (4) 74% Un Tank Car (5) 128 Un Tk Car pf (7) 116 - Utd Alloy Steel. United Drug (6) Utd Drug 1st 3% Utd Fruit (10) Utd Ry Inves pf. U S Cast Iron P. USCIPDL (D). U § Distributing U 6 Hoff (2).. U S Ind Alcohol. U S Ind Al pf (7) U S Realty (8) U SRubber..... U S Rub 1st (8). U S Smelting (3) USSt 67 50% 72 18% 604 88 28 16% ATH 30% 21% 16% 48% 2% 96 160 18% 3% 26% 8% 9% 34% 17 108% 85 84% 16%% 116% 139% 107% 37u 264 89 384 26% 85% 26% 46% 29% 37% 28% 99% 637% 105 15% 10% 46 31 64 45 920 26 20% 42 99 22% 129% 456% 48% 1% 9% 6% 28 104% 104% 4an 105% 56% 23 109% W% 6 Ad% 1% 656% 624 39% 60% 39 18% 9% 3% 2% 6% 46% 87 6814 1138 53% 24 5% 934 66% 109% 188 27% 56 B0% 78 »hH 3 37 68% 14% 45% 14% % 9 49% 46% 86% 456 65% 22% 37% 110 1 24% 100% 85 2% 19% 24% 70 101% 84% 84% 449 70 824 59% 41% 117% 12 68y 60 63 44% 134% % 4% 23% 18 21% 11% 8% 4% 108% 49% 4% 9% 40 4% 98% 25% 63 4% % 37% 140% T4% 123 116 26% 121% 53% 2lin 61 171% 104 82 27% 82% 106 128% 89K 6% B4% 114% 122% 86% 67 26% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Omice Low. Closs 49% 72 18% 60% 88 22 16% 46 304 21 16% 48 2% 96 160 13 2% 26% 8% 49 343 16% 108 3% [0 16% 1164 1875 107% BT% 254 89 38 26 34% 25% 46% 29% 634 13% 45 920 29 20% 42 98% 22 127% 44% 48 69% 9% 6% 27% 1034 10% “u 106% 56% 21% 109% iy 5% A2% 1% &5l 5244 394 60% 38% 13% 49% 93% 24 6% 46% 86% 67% 1071 53% 23% 45% 93% 66% 109% 132 27 54 50% 1% 12% 2% 37 68% 4% 445 14 75 95 49% 44y 66% 44k 62 21% 36% 110 5 5! 24% 100% 4% 223 19 244 70 100% 83% 84% 44w 69 81 58% 41 u7 12 €3 59% €3 au 118% 9% 4% 28% 17% 21% 1% 8 44% 102y 49 14% 84 39% 74% 9T 26% 68 0% e 4 87% 138% 74% 123 116 25 120% 53% 214 69 168 104 31% 27% B1% 106 126% 38% 96% 34% 144 1228 858 66% 50 72 18% 60% 88 . 22 16% 46 30% 214 EVENING S8TAR, WASHINGTON, D. . FRENCH BONDS HIT NEW LOW LEVELS {Rail Liens Unsettled, While Industrials Also Show Some Weak Spots. GEORG ET. HUGHES. ateh to The W YORK, April 9.—Great irreg- ularity prevailed in today's bond market. In general, the speculative issues were lower, but there were exceptions. Rallroad bonds as a class were af- fected by the weakness in railroad stocks. The polnts of greatest strength were found among the utllities. Pacific Telephone and Telegraph re- funding &s ran up ‘sharply from 5% to 97, and other telephone bonds were in demand, partly In response to re- ports that certain FEastern States were to add telephone issues to the list of bonds legal for savings banks. French Bonds Aagain Weak. Another strong feature was the Hudson and Manhattan refunding s, which got up to 89, the high of the year. Apparently the price of Chi- cago railway 53 had been readjusted Wednesday to the result of the elec- tion Weakness again cropped out in French bonds, the French Republic Tls belg sold most heavily and breaking below 94 for the first time in 1925. Support was practically lack- ing for French Cities 6s and for the French Rallway issues recently of- fered. A fractional advance was re- corded by Poland 8s, which sold above the offering price. Greek 7s were lower, but Belglan bonds were fairly firm and the German 7s continued steady. United States were inclined to sag, were small. Today's New Offerings. New offerings included $3,000,000 Alabama Power First 55, to yield 5.40 per cent; $1,000,000 Home Telephone and Telegraph (Fort Wavne, Ind.) First 5%s, at par; $5,000,000 City of Oslo (formerly Christiania, Norway) 6s, due 1955, at 991, and $750,000 Akron, Canton, Youngstown General 6s, to vield 6.25 per cent. BY vernment bonds but changes COAL ROADS MAKE 42 99 22 48 61 % 6% 27% 1044% 104 ey 105% 55% 22 109% 6% 76% 43% 1% 65% F2 39% 60% 38% 13% 49% 934 24 6% 46% 87 68% 111% 63% 23% 45% 934 664 108% 132 2% 65% 50% T1% 12% 2% 37 68% 14% 45 14% 75 95 49% 45 66% dan 63% 37 110 163 24% 100% 34% 22% 19% 24% 70 101% Bi% 84% 44% 69 824 58% 41% 117 12 €3 59% 63 14% 113% M 4% 28% 17% 21% 11% B 4% 108% 49% 14% 8l 40 4% ! Wills-Over pf. BEST GROUP GAINS Eastern Lines Lead in Earnings Per Mile—Lackawanna Has Largest Gross. By the Assoclated Press. NEW YORK, April 9.—Eastern coal-carrying railroads made the best group showing of the principal systems of the country last year in earnings per mile. Of the 45 largest carriers, Lackawanna had the largest gross revenue per mile. Central Rail- road of New Jersey was second and Reading third. The Pittsburgh and West Virginia had the largest net operating income per mile, with Read- ing second and Lackawanna third. The -Pennsylvania obtained the larg- est amount of revenue, followed by the New York Central, Southern Pa- cific and Atchison. CHICAGO LIVE STOCK MARKET CHICAGO, April 9.—(United States Department of Agriculture.)—Hogs— Receipts, 20,000 head: dull; 10 to 15 lower; mostly steady on desirable light and light-weight; slaughter pigs weak to 25 lower; shipping outlet narrow; big packers inactive; early top medium-weight, 13.50; bulk 160 to 225 pound averages, 13.20a13.40; bulk 240 to 325 pound butchers, 13.00 al13.35; majority 140 to. 150 pound kind, 12.75a13.15: bulk packing sows, 11.70a12.00; majority strong-weight killing pigs, 12.00a1250; heavy-weight hogs, 13.00a13.40; medium, 13.05a13.40; light, 12.70a13.35; light lights, 12.00a 13.25; packing hogs, smooth, 11.80a 12.10; packing hogs, rough, 11.25a 11.80; slaughter pigs, 11.25a12.50. Cattle—Recaipts, 8,000 head; weighty fed steers very slow: others steady to strong kinds of value to sell at 10.00 downward showing most strength; stockers and feeders scarce, very dull, weak to unevenly lower: top year- Ings, 12.00; best heavy steers grad- ing choice held around 11.50;, bulk fed steers and yearlings, 9.25a10.50; she stock steady; bulls, 10 to 15 higher: few heavy bolognas, 5 bulk light vealers to packers, 9.00 downward; mostly §.50a9.00; fairly broad shipping demand for good to choice handy-weight and welghty calves at 11.00a12.50. Sheep—Receipts, 8,000 head; very dull; few sales desirable welght lambs around steady; mo weighty lambs sold; packers bearish; talking sharply lower; few bids 25 and more off; good light-weight wool lambs, 16.00; best bid, 16.25; prime 75-pound clippers, 13.76: odd lots of native springers, 21.00a22.50; fat sheep and shearing lambs, unchanged. WATER WORKS’' EARNINGS. NEW YORK, April 9.—Net income of the American Water Works and Electrio Co. for the year ended Feb- ruary 28 was $2,668,987, equivalent, after first preferred dividend require- ments, to 10.17 per cent on both the participating preferred and common stocks. This compares with $3,364,- 942 in the preceding corresponding perlod, or 13.75 per cent. The com- pany has acquired the Atlantlc County Water Co. of New Jersey, which serves six communlties adja- cent to Atlantic City. Ominous to Lawyer. From the Loulaville Courler-Journ: “Why do you want to excuse that juror? He says he will give your client a faif trial.” “And I believe he would do it, too,” whispered the lawyer with some agi- tation. Vivadou. . Wabash Wabash pf Waldorf (1%).. Ward Baking B. ‘Ward Bak pf (7) West Pen (4) West Pen pL(7). West Maryland. Western Pacific. Pac pt (6). West Unlon (7). West Air Br (6). Westinghse (4) . Wickwire Spen. Wheel & L Erle. White Eagle (2) Wh! Mot (4).. Wilson & Co.... ‘Wison & Co pf. ‘Willys-Overind. 14 20% 1% 17 40% 96% 110 5% 124 37 88% 122 97 67% % 124 28% 60% % 24 18% 89% 116% 47% » 164 14% 20% 624 17 40% 96% 111 964 124 37% 88% 123% 97 67% % 124 267% 60% 7% 24% 13% 90% 1184 47% 9 17% ‘Woolworth (3). Worthington. Worthton A (7). Wright Aero (1) Wrigley (13%). . 49 49 Youngstown (4). 5% 86% +0dd lots. + s ;fl:"&!lnflnhh .:"l. stoek. ol e ST b s HURSDAY, APRIL 9, 1925. FINANCIAL. [ovvowvo BONDS moexme] | WHEAT GOES OFF Received by Private Wire Direct to The Star Cifice. UNITED STATES (Bales Bales. High. Lib3%s.... 35 10112 Lib1st 4%s 9 10129 Lib 2d 4%s. 168 1004 Lib 3d 43;s. 163 101 27 Lib4 4%s.. 855 1024 U S 481944, 277 101 US4%s'62. 4 105 FOREIGN. Sales. High. 3 82% 96% 96% 102% 94% 99% 84% 93 108% 107% 109 Argentine Bs. .. Argentine fs A. Argentine 63 B. Argentine 7s Austria Ts Banlgof Japan 6 Belgium 6s. .. RBelglum 6%s w Belcium 7345 Belgium 8s Rerno 8s Rolivia 8. Rordeaux 6; Rrazil Ts. Brazil fs. Canada 55 1926. Canada 551931, Canada 5s 1952, ... Canada 5%s 1929.. Chile 7s 1943 Chile 8s 1926 Chile 85 1941 Thile 85 1946. Christiania 6s ... Christiania 8s. Con Pow Japan 7s Copenhagen 5% Cuba 5%s Czecho 85 1951. ... Czecho 851952 ot.. Denmark 6s. Denmark gs. 3 DEIh%s Mch 53, DET5%s Nov '53. Dutch East I 6s°47 Dutch East I 65°62 ®1 Salvador 85'48. 8 Finlands 7s Framerican T%s. . French Ts French 7 French 88 German T Greek 7s. Haiti6s...... Holland-Amer 61 Hungary 6%s.. Japanese 4s. Tapanese 6%: Jersens U M 6347 Lyons 6s. rsellle 6 Montevideo 75. ... Netherlands 6s '54. Netherlands 68'72. Norway 6s 1943... Norway 6s 1944. .. Norway 68 1952. Norway 88........ Orlent Dev deb 6s. . 87 . 64 Poland 85 '50 wi Prague 74s. . Queensland 6s Queensland 7 Rio de Jan 88 1947. Rio Gr Do Sul 8s. . Sao Paulo Clty 8s. Sao Paulo State 85 Sefne Deptef 7s... Serbs Crot Slo 8 Sweden Sigs ct. Swiss 548 1946... Swiss Conted §: Ud Kingm 534829 Ud Kingm 5%s'37 Ud Steam Copen 63 8 Uruguay 8s....... 8 Zurich § o 9114 103% 104% 99% 99 99% 110% 844 7 825 824 95% 894 104 110 93% 95 9814 100% 84 88 99% > 102% 113% 1164 5 106% 93% 109% 109% BONDS. re in $1,000.) Low. 2:50. 101 10 101 10 101 28 101 28 w01 101 4 101 23 101 24 102 2 1023 100 25 100 27 104 26 106 Low. 82% 96% 96 102% 91% 99% 844 93 108% 107% 109 93 81 81% 95% 100% 101% 108% 102% 9% 102% 107% 107 99% 109% 874 6% 99 99'% 99% 101% 110% 7% 9T% 100% 100% 103% o4 91% 86 03% 99% 94% 83 93% 82 RT% 81% el 95% 814 814 91 103 104 9914 994 994 110% 844 72% 82% $244 95 8914 103% 110 98 5 981 100 84 87% 994 101 1134 1164 106% 93% 109% 109% MISCELLANEOUS. Am Agr Chem T3 16 98% 7 97% 5 94w Am Smit & R 1st 5s 27 97% 2 106% 6 1024 26 96% 30 101 154 95% Am T & T deb 5%s. 36 102% 2 127% 12 964 52 100 18 100% 99% 16 95% 6 8% 18 92% 1 102% 20 99% . 5 104% 8 102 4 81% 96 3 86 22 94% 3 994 12 100% 2 96% 5 103% Cen Leth 68°45 cfs. €3 99Y% . 54 106% .9 103% 2 100% 2 100% 5 834 Con G NY 5%s wi. 152 102 945 2 92y 4 107% 7 90% 10 108 7 104% Duquesne Light 6s 4 106 9 1064 51 102% 16 104% 43 109 16 120% 1 103 10 101% 39 100% 3 944 13 102 64 88% 7 88% 21 974 12 101 2 961 4 93y 1 99% 87 99y 10 100% 16 119% 1 96% 10 93% 3 99y 8 90% 52 994 4 82 11 100% 12 100% 2 114% 1 96% 8 107% 1 109% 11 101 20 104 6 96% 18 96% 9 91% 20 99% 951 38 100t 217 97 7 110% 1 105% 1 96% 20 100% 6 941 10 96% 1 89 § 106% 08t T8, ... Saks & C Saues 81 1078% 4 884 12 92% 17 100% 7 85% 10 109% So Por Rico Sug 78 west Bell 65. 40 99 South 1 ath 371034 5.109% 8 95 7108 USRub 1strf6s.. 10 86 1 1054 47.106% 16 98% .16 87 Am Chalin sf 6s'33. Am Repub deb 6s. . Am Smit & R 6; Am Sug ref 6s. Am T & Tcl tr 4 Am T & Tcl tr bs. AmT&Tsf5s. AmT& T cy 6 Am Water Wks 5 Anaconda 1st 6s Anaconda cv db 7, Andes 78 Zo% pd Armour & Co 4% Armour Del 5% Associated Oil 6 Atlantic Refin & Barnsdalls f 8s Bell Tel Pa 58 Beth Steel pm b Beth Steel rf b 1 Beth Steel 5%3'63. Beth Steel s f 65 Brier HSt 18t 5% Bklyn Ed gen & Bush T Bldg 55 '60. Calif Pete 633 Chile Copper 6 Cin G E 5%s°62 Col Gas & E1 & Commonwth P 6s Con Coal Md 1st 58 Consumers Pow bs 15 Denver Gas bs. ... Det Edison ref 6s, Donner Steel 78 Du Pont de N 7% Duq L&P 5%s'49.. Est Cuba Sug 7% Empire G&F 7%s. Goodrich 6% Goodyear 8s 1931 Goodyear 85 1941 Hershey 68 1942 Humble O&R 5% fllinots Bell 1st Mlinols Steel 4% Indiana Steel 58 Int Mer Marine 68 Inter Paper 58 '47. K C P& Lt 68A’52. Kan G & El 6s '62 Kelly-Spring 88 Lackawa § 58’50. Lacl G ref 5s'34. Laclede G 5%s '53. Liggett & Myrs bs. Liggett & Myrs 7 Lorillard (P) 68 Loulsv G & E 55’52 Manati Sug st 7%s Midvale Steel b Montana Pow bs. . Mor's&Co 1st 4443 New Eng Tel b8 NYEd 58’4 wi... N Y Edenlst 6148.. North Am Ed és North Am Ed 6%s. Nor Ohio T&L 6s. . Nor States Pow bt Otls Steel 748.... Otis Steel8s. ... Pacific Gas & E1 5 Paoc T& T 18t 5 PacT & T ba 52 Pan-Amer Pete 6s. Pan-Amer Pete Ts. Phila Cob%s'38. . Phila & Rd C&I 6 Pierce-Arrow 8s.. Public Servict Reming Arm: Rep Ir & Steel 5s. 15 Sharon St1H3s... Sinclair Oil 6s. Sinclair Ol 6%s. Sinclair Oil 7 SinCOPLS6s Sin Pipe Line 6s. Skelly Ol 6%s. South Bell Tel & Tenn Elec Pow 6s. Tide Wat Ol 6% Toledo Edn 1st Union Bag & P 6s.. United Drug U S Rubber %s... U 8 Steel Utah Pow & Lt bs. Va-Car Chem 7! 98 97 94 97 106% 1024 96% 100% 954 102% 127% 954 9914 95 87 921 102% 9% 104% 101% o1y 96 86 94 99 100% 95% 103% 99 106 103 100% 1004 8215 101% 94y 92 107% 90% 107% 104% 106 105 102% 104% 109 120 103 101% 9% 944 101% 8814 88y 97% 100% 96 93 99% 99. 100% 119% 96% 93y 99 0% 8% 82% 100% 100% 11d% 96% 107% 109% 100% 104 95% 85 % 98% 95% 99% 954 1104 105% 964 1004 9434 26 89 94y 1068% 106% 107 88 924 100% 5% 109% 99% 104% 98% oL, . 103% 109% 95 102% 105% Va-CarCh7%s w. 87 49% X 1,98 2:50. 825 96% 96 102% 94% 89% 84% 93 108% 107% 109 93 814 81% 95% 100% 101% 103% 102% 994% 102% 107% 107 99% 110 874% 9% 99% 99% 9915 101% 110% 97% 9Th 100% 109% 104 24 9l 864 93% 99% 94% 82 €8 86 108% 10 2:50. 107% 100% 9% 74 2% 101% 98% 64% 89% 92% 91% 106% 88% 924% 87% 101 103% 102% 86% 100% 72 85% 844 9% 88 96% 88% 102% €3 62% 90% 100% 84% 92% 61% Low. 107% 100% 7% 13% 2% 101% 98% Sales. High. Westinghouse 7s.. 16 107% Willys-Ov 6%s '33. 12 100% Wilson & Co 1st 63 43 97% Wilson&Cocv és. 4 74 Wilson&C cv 7%s. 12 73% Winchester A 7%s 1 101% Youngstn S&T 6s.. 8 98% RAILROADS. Ann Arbords..... 3 644 Atchison gen ds... 11 83% Atlantic C L 1st 48. 12 92% Atlan CL 4%s'64. 5 92 Atlantic C L 7 5 106% 9 8% 16 924 16 88 .29 101% 1 103% 102% 86% 100% 72 88% Bd% 8% 88 95% 88% 102% 63 b62% 90% 100% 84% 2% 4% 61% 45 48% 46% 75'% 46% 8314 40% 46% 101% 73% 110% 106 8% 87% 101% 17 97% 96% 103% 100% 12 64% 89% 2% 91% 106% 8819 2% 87% 101 108% 102 86% 100 72 854 B4 9% 88 96% 58% 102% 62 52% 90% 1004 83% 92% 2% 61 44% 481 45% 4% Buff R & Pitt 4%s Canad Pac deb 48 Central Pacific 4s. Ches & O cv 4%s. . Ches & O gn 4% Ches & O cv 58 Chi & Alton 3s Chi & Alton 3% Chi B&Q gn 48 '58. Chi B&Q 1st rf 5s CR&Q-1Il 3%s CB& Q-Olldiv Chi1 & E1gn6s Chi GreatWest 48 CM & Puget Sd 4 CM&StP4s'28 Chi Rys 6s. ChiRT&Prf 4 ChiUn Sta Bs. . Chi Un Sta 6%s C&WIb5%s'62 CCC & St L bt CCC & St Lt Cleve Term 5s.... Cleve Term 5%s. Colo & Sou 4%s CubaRR6s...... Del & Hd 15t rf 4s. 40 Del Hud cv 58 '35..100 Del & Hnd 5% 1 Den & Rlo G cn 4s. 2 D & Rio G imp bs.. 87 D& Rio G Wst5s.. 2 DesM & Ft D 4s... 20 Det United 4%s 5 Erie 1st cons 4s Erie gen 4s. Erie conv 4s A. Erie conv4sB. Erie conv4s D. irie con ext 7s. Gr Trunk sf db 6 86 19 1 58 11 62 .8 Int & G Noraj 6s 9 Kan City FtS4s.. 12 Kansas City S3s.. 6 Kansas City S5 1 Kan Cy Term 4s... 13 Lake Shore 4s'28..108 Lake Shore 45'31.. 8 Lehigh Valcn4s.. 2 Lehigh Val 5s 2003 8 Louis & Nuni4s... 1 Louis& N6sB.... b Market St Ry 7s... 18 MIIEIRy&Lbs... 1 M &St Listrf 4s.. 13 MStP &SSM ks, 4 M StP & SSM 63%s. 1 MK&T4sB...... 41 MK & Tadj b MK&Trprinbs A MK&TE6sC.. . Mo Pacific gea 4s.. Mo Pacific 5 g Mo Pacific : Montrl Tm 1st 5s.. Nassau E Ry 4557 NOTex &M inbs. NOTex&MGsB.. NOT&MGb% N O Tex Mex 6s N Y Cen gen 3%s. . N Y Cent cn 4 N Y Cent r 1 bi N Y Cent deb 6s.. N Y Cent LS cl 3348 NY Chi & St L5%s New Hav d 4857 New Havcd 6s NY. Ont W 1st 4s New York Ry rf 48 NY Ry rf 48 ctf, NY W & Bos 4%s.. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 8s... Northern Pac 4s... Northern Pacbs D Northern Pacr i és Ore & Calif 1st b Ore Sht L cn Gs '46. Ore-Wash 15t 1t 4s Pennsyl con 4%s. . Pennsyl gen 4%s.. Pennsyl gen 6s. Pennsyl 4. Pennsyl 6%s. Pennsyl gold 7 Pere Marq 1st § Por RL &P 6s'47. Reading gen 41 Ri0 G West 1st 4 Rio G West cl 4s. St LIM&S 48°29... St LIM&S R&G 4s. StL&SFpl4sA.. StL&SFprinbs. StL&SF 6%sD.. StL& : StLS W con 4s'32 San A& Arn P ds.. Seab'd A Liref 4s. Seab'd A'Ladj bs.. Seab'd A L con Sou Pacific 41’29 Sou Paclfic ref 4s Southern Ry g0 Southern Ry 1st 5s Southern Ry 6s ct. Southern Ry 6% Term Asso St Li5s. Texas & Pac 1st 58 Third Ave ref 4s... Third Ave adj b Union Pac1st 48.. Union Pac 1st rf 48 Unlon Pac 4s '27.. Un Pac 1strfs... Union Pacev virginia Ry L Va Ry & P 1at bs. Wabash 2d 6s...... Washash 6%s, '75.. Western Md 4s.... Western Pacificbs . Wheel & L E cn s, Whel & LE rf 4% Wilkes B&E 1st Wisconsin Cent 4s. 12 79% 79% S WALL STREET NOTES. NEW YORK, April 9.—The Western Pacific Railroad Co. is asking blds on $4,000,000 first mortgage 5 per cent gold bonds, which will be re- cetved until April 24. The quarterly dividend rate of 60 cents a share previously pald by the Exchange Buffet Corporation has been reduced to 37% cents. P Light ‘Much Cheaper Now. Since the development of electric energy, light has steadily become cheaper with the result that light for household purposes today is only. about one-sixteenth as expensive as it was 40 years ago. This is one’ of the very-few commodities, the cost of which has come down in recent years. In " 1887° - ‘mbout® 1,115 “candlepower e~ | The . * AND THEN RALLIES| Government Crop Report Is Expected to Help Ad- vance Values. By the Associated Press. CHICAGO, April 9.—Rains over the domestic Winter crop belt, together with lower quotations at Liverpool, led to an early setback today in wheat prices here. Predictions, how- ever, that the United States Govern- ment report this afternoon would show a crop condition of only 70 to 75 per cent as compared with 81 in De- cember, tended to rally the market after the initial declines, The fact that tomorrow will be observed as a holiday was a deterrent to any ag- gressive selling. Opening prices, which ranged from 1 to % cents lower, May 14815 to 1.49% and July 135% to 1363, were followed by numerous fluctuations within limits of about 1 cent, and then by an up- turn to 1501 for May and 1363 for. July. Corn and oats were easy, sympa- thizing with wheat and Influenced by reports that fleld work was further advanced than usual at this time of the year. After opening at 1 to 1% down, May 1.02% to 1.03%, the corn market sagged a little more and then recovered somewhat. Oats started at 3% to 7% lower, May 39% to 40%, and held at about the opening figures Provisions were respoasive weakness of grain WHEAT— to the High 1.58% 138% Low 14814 1.35% 1wy » July September CORN— » 1023 1085 1073 May July i Beptember DATS— May P July .. September RYE— May July 5 September ... ‘LARD- May J mber RIBS— May GRAIN AND PROVISIONS. BALTIMORE. Md., April tatoes, per 100 pounds, sweet potatoes, barrel, 2.50a6.00; vams, barrel 4.50a5.50; asparagus, dozen, 2.50a5.00; new potatoes, barrel, 6.50a8.00; beans, hamper, 3.00a5.00; beets, 1. 2.00: cabbage, ton, 15.00a 18.00; kale, bushel, 3.00a5.00; carrots, bushel, 1.25a1.50; caulifiower, crate, 2.50a2.75; onions, 100 pounds. 3.50a 4.00; Spring onions, 1.00a1.50a2.50a 265 celery, crate, 1.50a2.50; cucum- bers, hampers, 3.00a5.00; eggplants, crate, 3.00a5.00; lettuce basket, 1.50a 250; peas , hamper, 150a3.00; ovs- 4.00a6.00; parsnips, 3 radishes, basket, 1.25a Deppers, crate, 3.00a6.00; rhu- 100, 5.00a8.00; spinach, bushel, squash, crate, 3.0025.00; toma- toes, crate, 3.00a6.50. Apples, packed, barrel, 3.00a7.25; bushel, 1.00a2.25; grapefruit, box, 2.50 a2.25; strawberries, quart, 25a55; oranges, box, 6.00a7.00. 9.—Po- 1.00a1.25; barb, Washington Stock Exchange. SALES. (Fotomep Blectric Light 16t 1a—34.000 at 78 41— Potomac_Electric Light . & T $400 at 102 $100 at 102, Capital Tra Co.—10 at 9215, 5 at 92K, 5 at 92%. 10 at 9214, 3 at 921 Washington Gas Light—10 at 57%. ational Bank of Washington—10 at 225, 10 at 225. Continental Trust Co.—1 at 87. AFTER CALL. National Mtge. & Invest. pfd.—10 at 9, National Bank of Washington—I4 at 225 s R ital Traction Ga—$300 at 973, Washington Rwy. & Elec. pfd.—10 at 81%, 10_at 81%. Notice—This exchange will be closed tomor- row (Good Friday) and Saturday, April 10 and 11 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Tel. & Telga. 4s. & P. Telephone 3. & P. Telephone of Traction K. R. Georgetown Gas Potomac Elec. 1st Potomac Elec. cons. Potomac Elec. s 1953. Pot. Elec, Pow. £ m. MISCELLANEOUS. D. C. Paper 6s... Pot. Joint Ktock L. Riggs Realty 5s (long Riggs Realty 5s (short).. Southern Rldg. 61s.. Wash. Mkt. Cold Ktorage bs. Wardman Park Hotel 6s.. STOCKS. PUBLIC UTILITY. American Tel. & Telga sh. Rwy. & Ele Wash. Rwy. & Elec National Capital Columbia Commercial . District ......... Farmers & Mechanics’ Federal-American Liberty . Lincoln . iggs National Union Trust Washington Loan & Commerce & Savings. East Washington Savings Security Savings & Com. Seventh Street Savin United States Savin Washington Mechanics' FIRE INSURAN American Fire DIVIDEND DECLARED BY LOCAL BANK Washington Loan and Trust Company Pays 3 Per Cent. Exchange Trading Active. BY CHAS. P. SHAEFFER. Directors of tie Washington Loan and Trust Co. have declared a quar- terly dividend of 3 per cent on the capital stock of the institution, pay- able on May 1, the books closing on APril 24, This action unbroken dividend period of more than 32 years, it representing 131st regular quarterly disbursement The bank is on a definite dividend basis of 12 per cent yearly, but an ‘extra” of 2 per cent declared January will bring this y bursements to at least 14 per c Prior to 1925 the institution was, £ many years, on a definite basis of 10 per cent with extras amounting to 3 per cent The Washington Loan and Trust Co. has a capital of $1,000,000, surplus of $1,750,000 and undivided profits of approximately $300,000. Double Holiday Voted. Memberg of the Washington Stock Exchange today voted themselves two-day holiday tomorrow (Good Friday) and Saturday. The markets of the country will also stand ad- Journed tomorrow. Trading was active on board this morning. the point of interest being the part of Gas stock to 57%, a new low level on the present movement But ten shares were traded in The general tenor of ths market strengthened to 923 on sales of shares, and National Bank of Was ington sold to the extent of 34 shar at 225. Continental Trust Compa brought 87 and Railway preferred 81%. National Mortgage and Invest- ment, preferred, was firm at 9% On the investment side of the list Potomac Electric first fives sold to the extent of $4,000 at par, while the 7 per cent bonds of the company brought 107% and 10 Allowed to Fight Merger. A committee claiming to represen 2,500 individuals holding 145, shares of preferred and commor stock of the Chesapeake and Ohio railroad, worth $14,500,000, was granted permission yesterday by the Intersta Commerce Commission to intervene the Van Sweringen Nickel Plate con- solidation. Headed by George Cole Richmond, the committee declared the petitioners were informed that “the Interstate -Commerce Commission is without jurisdiction, authority or power to decide whether terms of the proposed lease of the Chesapeake and Ohio are fair,” and declared on their own account that the terms of the lease were “grossly unfair, inequit able, discriminatory and confiscator both as to the Chesapeake and Hock- ing Valley companies and as to the stockholders who have been induced to agree to the plan.” Action of the Chesapeake and Ohio directors was further declared to have been a “breach of fiduciary obli- gations to the Chesapeake company and its stockholders.” It was also alleged that the board of the Erie and FPere Marquette railroads, which would become a part of the Nickel Plate merger, had ob- tained more favorable te; in_con- nection with the proposed corsoli- dation Minority stockholders of the Chesa- peake and Ohio have brought action in the Virginia courts to prevent consummation of the lease to the Nickel Plate, which was approved last week by the majority stockholders. Prices of Unlisted Securities. The following Mtest “bid” and “asked” prices for unlisted securities are quoted for the guidance of holders of these fssues: BONDS. continues an the in dis- the local outstanding a_decline on Scott of Bid. Asked 8 S Army and Navy Club 5 Cosmos Club 41ss... Commercial Club st 3 Metropolitan Club 4% STOCKS. Anacostia_Bank... st & Mortgage. Connecticut Pie Co...... Christian Heurich Brewers Departmental Bank....... District Title Ins. Co. Franklin National Bank. Munsey Trust Ce = North_Capital Savings Bank... Northwest Savings Bank.. Northeast Savin Park Savings Potomac_Savings Raleigh Hotel C: Washington Title TIns. Co. Washington Base Ball Club.... Woodridge & Lang Sav Bank... COTTON SELLS DOWN AS RAIN INCREASES Mill Consumption Figures Later Help Quotations Swing Upward. By the Associated Press. NEW YORK, April 9.—Reports of further showers in Texas and rela- tively easy Liverpool cables were followed by an opening decline of 8 to 10 points in the cotton market today. This carried prices back to about the lowest levels reached yes- terday, but considerable trade buying or covering around 24.01 for May and 23.94 for October absorbed early of- ferings. The market rallied 10 or 12 points from: the lowest before the end of the first hour on prospects for clearing weather in the Southwest and rumors that a private authority estimated domestic mill consumption for March at 607,000 bales, against 485,540 last year. NEW ORLEANS, April 9.—The cot- ton market had an easy opening, as Liverpool came in considerably worse than due. The weather map also showed considerable rains in the Western belt. First trades showed losses of 8 to 15 points, and the first trades proved to be the lows, as the market started to rally right after Corcoran Firemen's, ational Us TITLE INSURANCE. Columbla . Real Estate . D. C. Paper pfd Merchants' Transfer Mergenthaler, Livotype, - National Mortgage & In 010 Dutch Market com. 0id Dutch Market ptd Lanston Monotype . Security Storage . Washington Market “| eilow cab-.- *Ex div. 1% ex! BUTTER LOWER TODAY. OHICAGO; April 9.—Butter—Lower: creamery extras, 40%a40; stand. ‘ards, 40% ‘extra firsts, 3914a40; firsts, 3814a39; seconds, 33a37%. Eggs—Unchanged; receipts, 23,318 case the opening call. The stimulating influence was the map evidence that the rainy spell had passed eastward map indications for fair weather. may indications for fair weather. DAIRY PRODUCTS. BALTIMORE, Md., April 9 (Spe- clal).—Live poultry—Young chickens, pound, 25a38; Leghorns, 25a32; Win ter chickens, 45a50; Springers, 55a65; old hens, 25a29; Leghorns. 25a27; old roosters, 17a18; young turkeys, 30a4 old, 30; poor and crooked bre: ducks, 23a30; pigeons, pair, 5 fowl, each, 50a1.00 Dressed - poultry—Turkeys, pound, 30a42; poor and craoked breasts, 2 chickens, 30a40; old roosters, 17als; ducks, 28a32; capons, 33a45. Eggs—Recelpts, 3,247 cases. Native and nearby firsts, dozen, 27%a2s; duck eggs, dozen, 48a50; goose egEs, dozen, §5a1.00. to #d the want columns of Hundreds of situations are e, It pays Star. Butter—Good to fancy, per pound, 41a46; prints, 46a48; ladles, 28a3: store packed, 23; dairy prints, 23a! 23a28; process butter, 31a3l.