Evening Star Newspaper, April 14, 1925, Page 28

28 FIN ANCIAL. THE EVENING STAR, WASHINGTON, D. L., TUESDAY, APRIL 14, 1925 TRADING IN MARKET OVER WIDE RANGE Moderate Advances in Many Jssues—Public Doing Very Little Buying. BY STUART P. W Special Dispatch to T NEW YORK, April 14.—The char. acter of the stock market to unchanged from the preceding that dealings continued almost 1y professional. Public interest virtually at a standstill, and any temnts to attract an outside followi were of little av A number of cial moves and a few of the rails were the chief points of interest. But even these provided nothing s ST. ay in urther Merger Talk. e was nothing new in the di: of ther railway merger 1thwest, to include Missour Missouri Pacific uthern. This has been talked of for months. Still the pub- licity given in the morning papers to the matter made it appear like news, and there was a sharp advance in all the stocks concerned. Missouri Pacific common and preferred were both up over a point. Missouri-Kan- Texas over 2 points and Kan City Southern still mor often heen pointed out, Kansas City Southern does not figure out at pres. ent selling_prices on the basis of earni It must depend upon the advant which would presumably acc under consolidation. Rail Advance Spreads. The rise in the Southwestern spread to the other Southern stoc The Seaboard Air bought at the be some time. They w Jated response in the compan Thi cussion ces in making be- to the recent advance s bonds, In both in stances the incentive was the pre- diction that the March earnings re- port would make the best showing on record uthern Railway common was also a good deal more active than it has been lately and this at advanc- ing prices. Texas and Pacific was included in the buying movement. I8 en Hudson Leads Motors. In the motor group Hudson azain the leader, high ground above 48, was evidently having of stock in the new Dodge preferred in order support it the issue price of par. General Motors sudden- ly became more active at a rise of a point or more, and Dupont as usual, moved along with it. Mack Trucks sold above 140 again. 1 American Woolen was up over points from recent low. The margin of profit for the woolen manu- facturers is presumably better than 1t was. was to take a lot Break in Congoleum. | al 4 bid up be . that having earn- | ed over 1 share in both 1923 and 1924 the resumption of dividends can- | not be far off Congoleum broke sharply under | heavy selling. The only reason Sug- gested was that of an unsuccessful pool operation. n Linseed preferred is be- ing thought of again as a 7 per cent dividend payer and is acting accord- | ingly. Consolidated ¢ above 78 was the feature of the public utilities, In ternational Telephone and Telegraph responded to the report for the first quarter showir rnings at the rate of over $12 share. MARKET CLOSES STRONG. Indust cause of t Auto Specialty Shares Lead in Last Hour Trading. By the Associated Press. YORK, April 14—Stock i their upward move- under the leadership of | thte d sh: 30 of which vanced a point or more above terday’s final quotatio) western were in mand on prospects, and specialties responded to which were encour- money rates. Te 1,000,000 share: ment easier sales approximated The closing was strong. Bullish demonstrations in the automotive spe- stured the late trading, um 63 points, U. S. Cast Tron Pipe, 5, and Hudson, 3% to a new 1925 top, at Markets at a Glance New York—stocks strong; rail sume leadership o vance; bonds firm; French issues recover; foreign exchanges irresular; francs again re- f Jupsed: cotton lowes T ; sugar prices at 1925 low level; coffee commission house sell- ing Chi lowe zo—Wheat erop reports ceipts: cattle i to higher. AMERICAN lCE COMPANY CONTINUES TO EXPAND iated Press 3W YORK, April 14.—The expan- sion policy of the American Ice Co. which has involved expenditures of about §10,500,000 in the ea is being y, the newe: & a manufac turing § eld, ¥ storage plant will be built fo fa distribution. For the first time in | the company’s history, operations in February resulted in a profit for that month. ~ Sales in the first quarter were 20,000 tons in excess of the cor- | responding record period last year. ]jAIRY PRdDUCTS. BALTIMOR Ma. April 14 (Spe- cial).—Live pouitr oung chickens, pound, 25a3 ingers, ter old bullish light re- , steady | stror firm; ho N crooked pigeons 50a1.00. pound, uinea fowl poultry poor and inative and , 28%a291 v, pound, 41a45 April 1l~—l¥u(vkxnx!s inghouse Electric Manu- for the fiscal year ended | ed $149,119,000, s 8 per cent com with § 80,000 in the pre- Sales billed amounted to §159.404,000, against $156,- of the facturi of abou vious 3 about 413,000 BUTTER PRICES HIGHER. CHICAC April 14.—Butter, higher, cre tras, 42 receipts, 47,090 cases, ordinary firsts, 26; slnrage pack extras, 29a29 entire- | and | Lines were heavily | with a rise into new | The syndicate | | Bkl Edison (8).. o | Bkl-Man T pf (6] { Chile Cop (2%)- | | | Consol Gas (5).. | v | Davison Che | Detroit Ed (8) { Duquesne pf (7). | Hartman (2%).. | Hayes Wheel (3) nrstS., Iilinois Cent (7). 114 114 Received by Private Wire Direct to The Star Office Close. 93 Open. High. Low. 93 93 98 1% 1% 1% 11% Air Reduct (4).. 100 100 100 100 Ajax Rubber.... 12% 12% 12% 12% Alaska Juneau.. 1% 1% 1% 1% Allled Chem (4). 86% 87 864 878 Allled Cm pf (7). 113% 118% 118% 118% Allis Chalm (6). 179% 79% 79% 79% Am Agricul Chm 16% 19% 19% AmAgChmpt.. 42 4d4% 44 Am Beet Sug (4) 41% 42% 41 Am Bosch. 31 2 s Am Brk Sh ) 100% KU AmCan (17).... 170% g Am Car & F (12) 208 208 Am Chicle. .. 53% 53% Am Chicle ctfs.. 52 Am Chicle pf.... 98 Am Express (6). 143 Am & For Pow.. 28% Am & Fr P pf (7) 83% Am&F P 25%(7). 116 Am Hide & Lea. 10 Am Hide & Lpt. 66% AmIce (7)...... 98% Am Internatl. . 84 Am La Fran (1). 32 Am Linseed. 26 Am Linsd pf 3% . 68 Am Loco (118) 124% | Am Metal (3)... 47% | Am Radiator (4) 96 Am Ry Exp (6).. 78 Am Safty Rz (3) 56% Am Ship & Com. 10% Am Sm & Ref (6) 944 Am S & R pf (7). 108 Am Stl Fdys (3). 48% Am Sugar Ti% { Am Sugarpf (1) 99% Am Sumatrapf.. 47 Am T & Cab (5). 41 Am T & Tel (9).. 134% { Am Tobacco (7). 88% Am Tobac B (7). 8T% Am Tobac pf (6) 105% Am WW&EL 30c. 45% Am Woolen..... 40% Am Wool pt 809 Anaconda (3)... Ann Arbor. . Ann Arbor p! Arch-Dan pf (7). Armour Il11 A(2). Arn Cons & Co. . Ass0D G 2d (7). Asso Ol (1%).. AtT& SFe (7). AT&SFpf (5. Atl Birm & A . AtlanticCL (7 AtGuit& W1 At Gulf & WIpt. Atlas Powdr(4) . Atlas Tack. . Austin-Nichols. . Auto Sales pt. Baldwin L (7).. Bal & Ohlo (5) Bang & Ar (3) | Barnsdall A.. Bayuk Cigar.... Beech Nut (2.40) Bethlehem Steel | Beth St1 pf (7). | Booth Fisheries. | Briggs M{g(3%) Open. High. 24% 24% 28% 14% 14% 14% 41 414 404 10434 1041 104% 28% 234 2244 17% 17% 1T% 10% 11 10% 40 40 19 189 60% 60 % 36% 104 104 114% 114% 10% 40% 28% 53% 78 18% 83 4% % 31 E8% 16% Independ Ol (1) Indian Motorcy . Inland Stl (2%) . Inland Stl pt (T) Inspiratior. Cop. Interb Rap Tr. Internat Agr! Inter Agri prior. Int Bus Mac (8). Int Cement (4).. | Int Com Eng (2). Internat Har (5) Inter Har pf (7). Int Mer Marine. . Int Mer Mar pf. Int Nickel...... Int Paper.. Int Pap pf st (6) Int Ry Cent Am. Int Tel & Tel (6) Jordan Mot (3). Kansas & Gulf. Kan City South. Kan C So pf (4). Kelly-Spring. .. Kennecott (3).. Kresge S S (8).. 8 Lee Rub & Tire. Lehigh Val (33%) Liggett & M(14). Lig & My B (19). Lig & My pf (7). Lima Loco (4) .. Loews Inc ¢2). Loft. Long Bell A ( Loose-Wiles. Lorrillard (3) Lorillard pf ( Louisiana O1l. .. Louis & Nsh (6).. Ludlum (2)..... Mack Trcks (6) . Mack T 1st (7).. Magma Copper Mallinson & Co Mallinson pt (7). Manati (5)... Man Emd g (5). Man EI Sup (4). Man Shirt (1%). Manlila Electric. Maracatbo Oil. Marland Oll. . Martin-Pry (4) Mathieson Alka. Maxwell Mot A Maxwell Mot B. . May Dept St (). Metro G pf (1.89) Mexican Seabd. Miami Cop (1).. Middle States Mid-Continent. . Mid-Cont pf (7). Midind Pr pf (8). Minn & St Lout: Mis Kan & Tex. MK &Tpt (5). Missouri Pacific. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 75¢ Motor Whl(75¢) . | Mullins Body Murray (2.40) Nash Mot (+11).. Nat Biscuit (3).. Nat Biscu pf (7). Nat Daliry (3) Nat Dpt Store: Nat D St 1st (7). Nat Lead (8).... Nat Distillers pf. Nat Enamel & S. Nat Ry Mex 1st. Nat Ry Mex 2d.. Nat Supply (3). Nat Sup pf (7)... Nevada Copper. N O Tex & M (7) N Y Air Br (4).. N Y Canners (2) N Y Central (7). N Y Dock. - N Y Dock pf (5). NY NH & Hart. NYOn & Wn (1) N Y State Rys. Norfolk South. . Norf & West (7) North Am (3.40) North Am pf (3). North Pac (5)... Orpheum (1.80). Otis Elevator (6) Otis Steel. . Owens Bot (3). Pacific Oil (2).. Packard (11%). Pan-Amer (6).. Pan-Amer B (8) Adams Exp (6).. Ahumada Lead Bkl-Man Tran Bkl Union G (4). Brow= Shoe (4). Brown Sh pf (7). Bruns-Balk (90¢) Burns Bro (10).. Burns Br B (2).. Bur Add Ma (3). Bush Term (5) Eutte Cop (50¢). Butte & Su(500). Butterick Co. ... Cal Pete (1%) ... Calif Pet pf (7). Callahan Zine. Calumet & H 50¢ Can Pacific (10). Case Thresh pf.. Cent Leather. .. Cent Leather pf. CRRNJ (112).. Century Rib (2). Cero d Fasco (4) Certain-T 2d (7) Chand Mot (3). Ches & Ohio (4). Ches &0 pf(6%) Chi & Alton..... Chi & Alton pf. Chi & Est 111 pf. Chi Great West. Chi Gr West pf.. ChiMil & StP... Chi Mil & SPpf. Chi & Nwn (4).. Chi & Nw pf (7). ChiPneuT (5).. Chi R 1& Pac. CRI&PDpf (7 ChStPM&ODL (5. Childs (12.40). .. 10 54 9% 50 102% 88% 42% 94 4 6% bl 827% 21 98% 341 47% 101% 87% Fen 94 iS4 5l 32% 20% 97% 837% 56 66% 66% 56% 140% 135% 140 143% 134 1407% 33 30% 31% 5% b% 6% 8% T4 T8 3m 3% 34% 63% 6204 62% 108% 108% 108% 9% 9% 9% 39 38% 39 69 67% 69 304 30 30% 58% 58% 39% 39% 65% 68 1 3% 5 20% 145% 131 114 100 13 16% 2% 3% 145 96 107% 109 14% 100% 643 64% 294 3714 864 17% 97% 107 188 87 52 6% 12% 82—~ 8% 109% 11 13% 43 | 49 90 93%, 274% 11% 72% 102% 874 41% 94 76% 52% 824 20% 99 33% 66 564 135% 33 5% % 3% C24% Pernsy R R (3). Penn Seab Steel. Pere Marq (4).. Pere M prior (5) Phla Co (4)..... Phila & R C& 1. Phillip Morris. . Phillips Pet (2). Plerce-Arrow. . Pierce-Arrow pt Pierce Ol = Pierce Petrol. .. itts & West Va. ! Postum-Cer (4) Postum pf (8)... Press Steel Car. Pub S EIpf (1).. Pub S Gas pf(6). Pub Ser NJ (5). Pub SNJ pf (7). Pullman Co (8). Punta Al Su (5). Pure Oll (1%).. Radio Corp of A. Ry Stl Spg (8).. Ray Cons Cop. Reading (4) . Reading 2d (2).. Remington Type Replogle Stee Rep Ir & Steel. . Reynolds Sp (1). Rey Tob pf (7). Roy Duth 4.42%. St Joseph Ld (2) StL & San F (5) St L Southwest. StLSwn pf (5). Savage Arms. .. Schulte pf (8) . Seaboard Air L. Seabd Alr Lipf. . Sears-Roebk (6) Shattuck FG (2). Shell Un (1.40) Shell Un pf (6) Stmmons Co (2). Simms Pet (50¢) Sinclair Ofl. Sinclair pf ( Skelly Oil.. Sloss-Sheft (6) . South Port S (6) South Pac (8)... Souther'n Ry (8) Spicer Mfg. ... Std Gas & Bl (3) St 01l Calif (2).. StOUNJ (1)... StOIINJ pf (D). Std Plate Glass. Sterling Pr (15). Stew Warnr (6). Stromberg (6) . Studebaker (4). Submarine Boat Superfor Ofl.... Symington. Symington A (2) Tennessee Cop Texas Co (3).... Texas Gulf (7) Tex & Pacific. .. Tex & PacC & O Third Avenue. Tide Wat Oil (4) Timken R B (14) { Tobac Prod (6). {Tobe Prd A (1).. Transcont Oil. Underwood (3. Un Bag & Paper. Union Oil (1.80). Un Pacific (10). Un Pacific pf (4) Un Tank Car (5) Utd Cigar (13%) Un Cig St pf (7). United Drug (6) Utd Drug 1st 3% Ute Ry Inves pf. U S Cast Iron P. U S Distributing US Hoff (2).... U S Ind Alcohol. U S Realty (8).. Chino Copper. Coca-Cola (7)... Colo Fuel & Iron Colo Southern. Col G & E (2.60). Com Solv A (4).. Com Solv B Congol-Nrn (3). Con Distributrs. Consol Textile Cont Can (4) Cont Insur (6).. Cont Mot (80¢c).. Corn Prod (2)... “rucible Stl (4). b Am Sug (3). b Cane Su pf. Cuban Dom pf.. Cuyamel Fr (4). Cuyamel Frris. 34% 20% 146% 145 181 131 114% 114% 100 100 13% 125 16% 16% 2% 2% 3% 3% 145 143% 9 95 107% 107% 109 108% 14% 14% 100% 100% 64% 63% 64% 64% 29% 28% 87% 36% 36% 364 17% 17T% 99% 97% 107 107 139 138 87 87 57 52 64% 64% 12% 12% 82 82 784 78 109% 109% 1% 10% 18% 12% 48 4T% 4y 48% 920 20 93% 93% 274% 272 11% “11% . 2% 1% 104% 104% 104% 51% 6504 61k 49% 491 -~ 49% 29% 29 29% 17% 164 17 40% 38% 40% 54% 53 534 96% 964 96% 14% 14% 14% 62% 61% 62% 28% 28% 28% 96% 961 96k 107% 107% 107% 12% 12% 12 5% 5% 54 26% 26 26% 0% 69% 70% 105 105 105 647n 64% 647 28% 28% 28% 34% 3% 34w 43% 48% 43% 36 35% 36 64% 63 63 29% 29 29 52 47% 52 1% 17 17T% 114 114 20% 146% 181 114% 100 13% 16% 2% 3% 144 95 107% 108% 14% . 100% 63% 64% 28% 367% 36% 17% 98% 107 139 87 52 64% 12% 82 78 109% 11% 12% aT% 484% 90 93% 272% 11% T1% 104% 51% 49% 29% 17% 881 53% 96% 14% 61% De Beers (88¢) .. Del & Hud (9) Del L&Wn (17). Dodgs Bro pf wi. Dome Mines (2). Doug Pectin (1) Dul § S & Atlan. DulSS & Atlpf. Dupoat (10). . DuPont deb (6). Eastman (18)... Eaton Axle. . Elec Pow w I lec Str Bat 4‘) End-John (5). sxchange B (1) Famous PI (8)... Famous pf (8).. Fed Lt & T (7). Fed L & T pf(6). Fed Mines pf (7) Fisher Body (5). Fisk Rubber.... Fisk R 1st (1)... Fleischmann (4) Foundatlon (8).. Freeport-Texas. ardner Motor.. Gen Am Tnk (3) Gen Asphalt. ... Gen Asph pf (5). Gen Clgar (8). .. Gen Electric (8) Gen El spl (60¢). Gen Motors (6) . Gen Mot pf (1) .. Gen Petrol (2).. Gimbel Bros. . Ginter Co (1) . Glidden Co : Gold Dust. Goodrich Goodyear pf (7). Granby-Consol. Grt North pf (5). Gt Nor Ore (1)., 28% Grt Wstn Su (8). 96l Gt West Spf (7). 107% Greene Canan... 12% Guantanamo.... 5k Guif Mo & Nor.. 26 Guif St Steel (5). 69% Gulf Sta 1st (7).. 105 Hanna 1st (7)... 64% 28% 84% 48% 36% 64% 29% 4T% 17 Homestake (17). House P (13%). Houston Oil. ... Hudson Mn (2 Hudson Mot . Hupp Mot (1)... NEW YORK STOCK EXCHANGE Low. Close. 23% 14% 40% 104% 28% 1% 11 40 119 60% 37% 104 114% 11 41% 29 56 3% 18% B9% | Carolina Chemical 7%s, with warran | Receipts, {in by | choice | fresh gathe: BOND PRICES FIRM INTRADING TODAY Easier Money Conditions Cause Resuming of Up- ward Trend. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, April 14.—A rally in French bonds and higher prices for some of the junior rails, chiefly of the Southern systems, were the features 1 bonds tod The buving in the ench issues was based apparently on the conviction that the selling had been overdone and that at the pres- ent level much of the unfavorable aspects of the situation had been fully discounted. As the Department of the Seine 7s were the one most heav- ily sold aonday, so they had the sharpest recovery today, gaining over a point on sales of comparatively few bonds. French 7is ran up a point and a half and French 8s made a smaller gain. A moderate obtained ir the French railway issues. Other foreign bonds were fairly steady. Seaboard Lines Lead List. Seaboard Afr Line bonds were the leaders in the xailway list. Large blocks of the refunding 4s were taken around the high of the year and the adjustment were only a trifle less strong. Chicago and Alton 3%s ad- vanced a point and Chicago and East ern Illinois 5s were a shade higher in response to a about a new puthwestern combination. Z 5s, Southern ailwa < Missouri Pa- cific gemeral 4s were all firm, There was no substantial improve- ment in obligations of the Northwest- ern roads and Chicago and Northwest- ern refunding 5s were down frac- tionally. Liberty Issues Firm. Liberties were all firm. The first 4%s made a new high for the 3 1 the other Government obli s soid und their previous highs Speculative industrials were irregular. Bonds of the producing com- panies yielded s ¢ in response to swer prices for raw sugar. Virginia made first 6s were higher again. bonds dragged. Copper CHICAGO LIVE STOCK MARKET CHICAGO, April 14—United States Department of Agriculture.)—Hogs— 16,000 head; moderately ac- steady to 10 higner than yester- best prices; light ana light-lights | t demand; big packers doing lit- top, 13.00; bulk desirable 160 to pound aver 2.95; to 340 pound butchers', 12.60a majority 140 to 150 pound | 12.40a12 i sows 11.10a11. weight pigs lar -weight hogs, 213.00; 417 1.2 10.75a11.20; 212.50. ttle—Receipts, 10,000 head; lings and handy-weight steers ive, steady: weighty t|fiflr(le best vearlings, 1 E 3:033 pounds; strictly held around 11.7 wrlings, 9. ady: bulk fat cows, hei in broad de-} 140 head averaging several loads, 10.75 and feeders moder- higher than wlves gener- pack 9.50 tive day's tle; 40 2.50a13.00; light, me- 12.40213.00; cking packing slaughter dium, light-light, smooth, light string of 90 pounds, 11.50; stockers tive, strong to close; veal bulk to Sheep—Receipts, 17,000 head; slow:! desirable weighty fat lambs opening Jund steady: heavies weak; good to handy.welght, 1 0: 90 kind, 5a14.7 gnod (U\ to 79 p(.um] clippe 19.00a2: ew talking sharply lower on he: hearing lambs unchanged; | desirable shearers upward to 15.00. choice 13.00 | NEW YORK DAIRY PRICES. NEW YORK, April 14—Butter— irm; receipts, 14,685 tubs; creamery s (88 to 91 score), 41 —Firm; receipts, 65,639 extra firsts, 30%a3l; gathered first 91,230, do. 3035u31; fresh gather- fresh storage packed, ed_secon: Cheese boxes. receipts, 176,85 DAYS DRY GOODS PR.ICES NEW YORK, April 14 Cotton goods markets showed no change today either in price or in the dullness which has pervaded the trade | for some time. Print cloths were quoted at 9% cents for 64 by 60s and 113% for 68 by 72s. Raw silks were quiet and unchanged. ‘WOOL MARKET STRONGER. BOSTON, April 14 (Special).—Re- ports from New York of improve- ments in the goods trade and reports that mill stocks were running low im- parted sentimental strength to the raw wool market today, but not to the extent of raising prices. Indeed, some | lines continued the downward move- ment, notaby good fleece wools, which While still quotable at 53 to 54 cents grease basis, are selling at low as 52. — 38% 40% 38% 9% 9T 9 34% 85 34% 115% 117 114% 122% 122% 122% 36 37 3% 79% 9% 79 67T% 70% 67% 26% 27 26% 2% 2% 2% 1% 1% 1% 15 15% 15 90% 91'% 89% 14% 14% 14k U S Rubber..... U S Rub 1st (8). U S Smelting (3) U S Steel (1D). .. U S Steel pf (7). Universal Pipe. . Univer P pf (7). Utah Securities. Vanadmum...... Va-Caro Chem. . vVa-Caro Chem B Va-Caro Ch pt.. Va Ry & Power. Vivadou....eeen Vule Det pf (7).. 83% 88% 884 ‘Wabash. .. 21 21% 21 Wabash pf A(5) 63% 63% 62% Waldorf (1%).. 17% 1% 174 Ward Baking B. 89% 39% 384 West Pen (4)... 110 110 110 West Elc pf (7). 116% 116% 116 West Maryland. 124 124 124 WestMd2dpf.. 17% 17% 17% Western Pacific. 85% 37 35% West Pac pf (6). 87% 87% 87i West Union (7). 122% 123% 122% West Air Br (6). 99% 100% 99% | Westinghse (4). 68% 69 68% Weston Elec. 10% 10% 10% Weston A (2)... 21% 21% 21 Wheel & LErle. 124 124 124 White Eagle (2). 274 27% 26% White Mot (4).. 614 63 Wwilson & Co. ... % wilson & Co'pf. 24 Willys-Overind. 14% Wills-Over pf. 93 Woolworth (3). 119% Worthington. .. 51% ‘Worthton A (7). 82 Wright Aero (1) 18% 19% Wrigley (13%). 48% 484 Yellow Cab (25c) 85% 33% {tPartly extra. 3Paysble in Ditidend races as’ given I the shovs "tatds are the amiusl cash payments based on the Iatest quarterly or half-yearly declarations. apecial 40% 97 847 116% 122% | 317 79 69% 27 2% 1% 16% 89% 14% | 88% 214 63% 17% 28% 110 116 12% 1% 87/ 874% 123 100% Unless otherwise noted, extra or are not Inch a sharp gain and Wilson & Co. | | Zurich 8s. | Am Repub deb 6s. . | Am Smit & R 1st b 23 {Dodge wi 6s.. | Du Pont de N 7%s. 1 | Dua L&P 51549, | Duguesne Light 6s | N NEW YORK BONDS STOCK EXCHANGE I Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Sales are in $1,000.) Sales. High. Lib3ts.... 79 101 14 101 Liblst4%s 53 1028 101 Lib 2d 438, 200 1019 101 Lib 3d 43s. 194 101 28 101 Lib 4 4%s.. 408 1026 102 U S 4s1944. 1J8 100 31 100 US4%s'52. 13 1056 104 FOREIGN. Salen. High. Argentine 6s A 44 Argentine 6s B. Argent e Austria 7s... Bank of Japan Belgium 6s... Belgium 6%s w1 Belzium T%s. Belgium 8s. Berne 8s Bolivia 8 Rordeaux 6s. Brazil Ts. . Brazil Ts. Brazil 8s Canada 5s Canada 5s 1952 Canada 5%s 1929. . Chile 7s 1943. Chile 85 1941, Chile 85 1946, ... Christiania 6s Christiania 8s. ... Con Pow Japan 7s Copenhagen 5%s Cuba 5%s. ... Czecho 85 1951. Czecho 85 1952 ot Danish Munic 8s A Denmark 6s...... Denmark 8s DEI5%s Mch DEI5%s No Dutch East I 6s* u F(r\hlnfl s 68’45 Finlands 7e .. Framerican 7%s French 7s. . French 7%s. French 8s. German Ts. Ger Gen Elec Greek 7s. Halti 6s. Holland-Amer 6s. Hungary 61s. Japanese 4s Japanese 6% 2 Jergens U M 63°47. 16 Lyons 6s. 11 sellls 6s Montevideo 7s. 2 Netherlands 6s '54. 36 Norway 6s 1943. 44 rway 6s 1944. Norway 6s 1952. Norway 8s... Orient Dev dab 6: Paris-Ly's-Med 6s. 62 Paris-Ly's-Med 7s. 98 Paris Orleans 7s... 11 Peru §s. T Poland 6s '40. . Poland 8s *50 wi...1 Prague T%s. Queensland 7 Rio de Jan 8s Rio de Jan Ss 1947. Sao Paulo City 8s. Sao Panlo State 83 S Paulo St 8s wi.. Sefne Dept ef 7s. Serbs Crot £lo 8s Sweden 538 ct Sweden 6s. ... Swiss 5145 1946. 9 Swiss Confed 8s... 10 Ud Kingm 514s°29. 13 Ud Kingm 5%s'37. 25 Uruguay 8s....... 2 12 3 1 Low. 2: 12 101 128 29 1024 5 1016 - 26 101 26 3 1026 30 10081 31 10638 2:50. 96% 96 102% 9414 99% 84% 924 108 107% 109% 927 81 81 104% 96 100% 103% 102% 100 107% 108 99% 109% 874 97% 99% 99 99% 109 1014 4 110% 9% 974% 100% 100% 84 94 894 86% 937 99% 94% 93% £3 93% 832 874 811 9% 954 100 9914 B4 873 9943 108 101% 113% 116 106% 109 109% MISCELLANEOUS. ot %s 57 3 5 Ajax Rubber 8s Am Agr Chem 7 Am Chain sf 65°33. .12 8 Am Sug ref 6s. Am T & Tcltrids.. AmT& Tcltrbs.. 28 AmT&Tsf5s... 183 Am T & T deb 514s. 48 Am Water Wke 6s. 9 Am Writ Paper6s. 3 Anaconda 1st 6s... 44 Anaconda cv db 7s. 70 Andes 7s Zov pd. .. 33 Armour & Co 4%s. 16 Armour Del 5%s.. 2 | Associated Oil 6s.. Atlantic Refin bs. . Bell Tel Pa 5s. Beth Steel pm 5s.. { Beth Steels £ 6s. .. Brier H St 1st 5%s Bklvn Ed gen 5s. Bklyn Fd 6s B. | Bklyn Union G Gs. Bush T Bldg 58 °60. Calif Pete 614s. ... Cen Leth 68'45 cfs. Chile Copper 6s. Col Gas & El5s..... Commonwth P 6s. 11 Con G NY 5%s wi. 109 Consumers Pow 63 99 Cuban Am Su~ 8s. 3 Denver Gas 5s. . 6 Det Edison 55°40.. Det Edison ref 6 2 3 Est Cuba Sug 7%s Empire G&F T3s. Goodrich 6%s..... Goodyear 85 1931.. Goodyear 8s 1941.. Hershey 65 1942.... Humble O&R 5%s. 1 Tlinols Bell 1st 63. Illinois Steel 4%s. Indiana Steel 5s... Int Mer Marine 6s. Inter Paper 58 °47.1 K C P & Lt 53A'52. Kan G & El 65 52.. Kelly-Spring 8s... Lacl G ref 55°34... Laglede G 5%s '5%. Liggett & Myrs 6s Liggett & Myrs 7s Lorillard (P) 5s Lorillard (P)Ts. . - Loulsv G & E 55 '52 Magma Cop cv 7s. . Manatl Sug sf 7%s Midvale Steel 5s... Montana Pow 5. Mor's&Co 1st 4%3. N Y Ed 55’44 wi N Y Edenlst 614 NYG EL H&P 4s.. N Y Tel 4%s. N Y Tel 68°41. NY Tel 65'49. North Am Ed 68 North Am Ed 6%s Nor Ohio T&L 6s. . Nor States Pow 5s. Otis Steel T%5.... Pacific Gas & E15s Pac T& T 1st 55... PacT & T 68’52 .. Pan-Amer Pete 65. Pan-Amer Pete 7s. People’s Gas BS. ... Phila Co 5%s'38.. Prila Co ref es A Phila & Rd C&I 6s. Pilerce-Arrow 8s.. Public Service 6s. Pub Serv Elec 6s.. Reming Arms 8s. Rep Ir & Steel 5s. . Sharon Stl H8s... Sinclair Oil 68 Sinclair Oil 6% Sinclair Oil 78 Sin COP L 6s’28 Sin Pipe Line 58 Skelly Oil 6%s. South Bell Tel 5s. Southwest Bell bs Tenn Elec Pow s Toledo Edn 1st 7. Union Bag & P 6s.. United Drug 6s... U S Rub 1st rf 51 U S Rubber 748 U S Smelter 6s U SSteels £5s Utah Pow & Lt 6s. Va-Car Chem 7s.. 196 Va-Car Ch T%s w. 29 Warner Sug 75 ‘39 West Elec bs. West'n Union 6%s, Browes Elwaubruco-anas e elomordanEne 110% 98% 105% 10215 4 104% 109 1204 103 101% 100 94 4102 8814 881 97% 100% 95% 99% 9914 4 100% 119% 96% 116 93% 120% 99% 90'% 98% 82% 87% 96% 107% 109% 100% 103% 95% 95% ETLA 95% 100% 96 109% 105% 95% 96% 104% 100% 95% 9615 104% 88 94% 106% 106% 884 93 100% | 85% 109 106% 22 100%, 1093 95 102% 86 104 101% 105% 934 88 52 79% 994 110% 1104 . 2:30. 108 100% 984 2% 724 101% 98Y% él]!lv High. Westinghouse 7s.. 7 108 Willys-Ov 6%s5°33. 4 100% Wilson & Co 1st 6s. 36 9844 Wilson & Cocv 6s. 2 734 Wilson&Ccv 71%s. 8 724 Winchester A 7%s 5 101% Youngstn S&T 6s.. 26 98% RAILROADS. Ann Arborids..... 26 66% Atchison gends... 6 B83% AtlanticC L1st4s. 5 924 Atlantic CLclds.. 3 87% Atlan C L 4%s"64. 924 B &0 gold 4s 89 924 88 101% 103% 102% 867 100% 7314 £6% 844 117% 8% 1004 88 89% 96% 102% 65% Bk 524 904 100% Bt 62 45% 484 5% 4% 45% 83% 457 45% 102 96 110% 106 78 8% 6% 92% 2 101% 3 .35 86% 89% 924 87% 924 89 924 87% 1014 103 1028 86% 100% 3% 86% £3 17% 79% 100% 88 89 96% 102% 66% 54% 524 90% 1004 T4% 617% 44% 48 6% 45% 45% 83% B & O Toledo 4s. Bklyn-Manhat 6s. 13 Buff R & Pitt 44s. 76 Canad North 6%s. 11 Canad Pac deb 4s.. 16 Car Clinch & O 5s. 3 Central Pacific 4 Ches & O gn 4%s.. Ches & Ocv 4%s. Ches & O cv 5s. Chi & Alton 3s.... Chi & Alton 3%s. . Chi & Alt 3155 ctft. Cht B&Q gn 4s '58. Chi B&Q 1st rf 5s. Chi & E 1gn s Ch! GreatWest ds. CM & Puget Sd 4s. CM&St P4s'25. CM&StP gn 4589, CM&StPdbds... 22 CM&StPcv4ks. 35 CM&StPgn 4%s 21 CM&StPrf4%s. 10 CM&StPcvbs M & 834 454 454 45% 45% 101% 101% 94% 94% 1104 110% 105% 106 7% 18 87 B4 76% _76% 921 924 101% 101% 7% 1% 9T 9TH w6 967 100% 100% 94 94 87% 8Th 103 103 S0 90 106 106 101 101 824 9% 56% 45% | 20% 0% 2% T63% T4 5 10715 1163 3% 1005 Chl & NW7Ts Chi Rys 5s. ChiRT&Prf 4s.. ChITH&SE 68 Chi Un Sta ¢3s.... 20 Chi Un Sta bs. Chi & W Ind cn ll C& WI15%s'62. CCC & St L 5s. Cleve Term §s Colo & Sou 4% Cuba R R §s. . Cuba RR T#s. ... Det & Hd 1st rf 4s. Del Hud cv 5s°35. . Del & Hnd 5 Den & Rio G cn 45. D & Rio G imp 5s. D & Rio G Wst 6s. Des M & Ft D 4s Det United 4%s Erie 1st cons 4 e gen ds.. rie conv 4s Srie conv 4s D Gr Trunk sf db ‘S rand Trunk 7= Great North 5s. orth 5%s orth gen 7s. ¢ | i 11l Central ref 4s. . 11l Cent ref 55 11 Central 5%s 111 C-C St L& | - : | Ini Rap Tr 5s stpd. 29 6 L3 Int Rap Tran 6s b i Int Rap Tran 7s Int & G Nor aj 6 Kan City Ft S 4s.. | Kansas City S 3s. Lake Shore 4 Lehigh Val 6s 2003 Louis & N uni 4s. Louis & Nash 538, Louls & Nash 7s Market St Ry 7s. MilEl Ry & L5s.. M& St Listref 4s. . M StP & cn 4s M StP & SSM cn 5s. 1 M StP & SSM 5l3s. M StP & SSM 6333, MK &T1stds.... MK&T4sB..... MK & T adj 58 MK&TprinSsA MK&TS6sC. Mo Pacific gea Mo Pac 55 1926 Mo Paclfic 55 '65. Mo Pacific 6s. ... N O Tex & M In 5s. NOTex&M3sB NOT &M5%s.. N O Tex Mex 6s... N Y Cen gen §4s. N Y Centribs { Y Cent deb 63 NY Chi & St L5%s NYC&tL6sA... New Hav cd 6s. .Ont W 1st 4s NY Ry rf 4s ctfs { Y State Ry 4%s. Y W & Bos 4%s.. rfolk & W cn 4s. Norfolk & W cv 6s Northern Pac 3s Northern Pac 4s Northern Pac 58 D Northern Pacr16s Ore Short Liref 4s. Ore Sht L cn 53 '46. Ore-Wash 15t If 45 Pennsyl gen 434s.. Pennsyl gen 5. Pennsyl bs 64 Ponnsyl 638 Pennsy) gold 7s Pere Marq 1st & Por RL& P 68'47. Reading gen 4%3. Rio G West ¢l 4s.. RIArk & L 4% St L IM&S 43°29 St LIM&S R&G 4 StL&SFpldsA. StL&SFprins StL&SF5%sD.. StL&SFadj 6 St L &S F inc 6 StL&SFoplés StLS W con 4s'32 St P & KCShL 4% StP Un Dep 5s.. Seab’d ALis. Seab'd A Liref 4s Seab'd A Ladj 58 Seab'd A L con 68 Sou Pacific 4s ‘2! Sou Pacific ref 4s Southern Ry gn 4s. Southern Ry 1st 63 Southern Ry 6s ct. Southern Ry 6%s. Term Asso St L5 Texas & Pac 1st 53 Third Ave ref 4s.. Third Ave adj 5s. Union Pac 1st 4 Union Pac 1st rf 4s Virginia Ry 1st 5 Va Ry & P 1st 55 Wabash'2d 58 Washash 5%s, '7 Western Md 4s Western Pacific bs West Shore 15t 4s. Wisconsin Cent 4s. el BANKS TAKEN OVER. Atlanta Institutions Put in Hands of United States Controller, o = U DAY - TP O ot N =T SO oot P - O o Y =33 © ar LT T 35 86% 98 96 96 94% 63% 92% 82% 79% 17 5 ATHENS, Ga., April 14.—The] Georgia National Bank, the American | State Bank, an interlocking institu- tion, and a branch' office of the Amer- ican State Bank, were placed in the hands of the controller of the cur- rency by the board of directors of the banks today. . PARIS MARKET QUIET. PARIS, April 14.—Trading was dull and prices moved irregularly on the | market opened | vance of | showing domestic mill consumption of | tished. | cline to 4,86 FINANCIAL. ANOTHER TUMBLE IN'WHEAT TODAY Rains in Two States and Re- ports on Exports Make Prices Weak. By the Associated Pre CHICAGO, April 14.—Wheat prices underwent an early setback today, in- fluenced by rains in Illinois and In- diana and by a material enlargement of the amount of wheat afloat for Europe. On_the other hand, advice: today from Liverpool said there was no danger of a national miller’s strike and that a_strike by Welsh flour mill! employes had been settled. Indica- tions of new export business tended also to bring about rallies, which however, failed to last. The openi which _ranged from with May 1.40% to 1.41%, irregular decline to 1.39% July. Corn and oats were depressed by selling on the part of holders of corn who were unable or unwilling to con- tinue ownership. After opening at % to 3% decline, May 1.05% to 1.07 the corn market fluctuated nervously within the initial range. Oats started at % to % lower, May | 40% to 40%. Later the market con- tinued to sag. Provisions were easier, ing with grain. WHEAT— Opfln May % July o September .1 COR “followed by an May, and ympathiz- Close. 160% 136% " Low. High 1.6035 146% 136% 1 1 1.05% 110 1 1 COTTON SELLS OFF | ON CENSUS REPORT Domestic Mill Consumption Less Than Expected—Trading Is Slow. By the Associated Press. NEW YORK, April 14. eady toda 2 to 5 points on overnight buying orders brought in by vester- ‘s complaint of insufficient rai fall in the Southwest and reports that the emergence of boll weevil from hibernation might be heavy in the Southeastern States. The report of the Census Bureau 582,674 bales for March, with 485,840 last vear, was consider- ably below recent fo sts, however, while the initiai advance met consid erable realizing, and prices soon eased off under local and Southern selling. July declined from 24.55 to 24.40 and | October from 24.36 to 24.33. or about | 7to § points met lower, but offerings | were not heavy, and the market was quiet and steady at the end of the first hour. compared New Orleans Values. ORLEANS, La., April 14.— cotton market opened about although Liverpool was hard- y as good as due. First trades were 1 point up to 2 down. The Census Bureau reported March consumption by domestic mills to have been 582,674 bales of lint cetton, and mill stocks at the end of March at 1,644,793 bales. | The consumption figure was less than expected, and prices eased off 9 to 10 points below yesterday’s close. After selling subsided the market ral- lied slightly, recovering about half the oss. NEW The STOCK VALUE SHOWN. W YORK, April 14—Wall aluation of the class A com- mon shares of Dodge Bro: Inc. which were sold along with the prefer- ence stock in the initial $35,000,000 offering last week, was shown yester- day in over-the-counter trading, when quotations of $19 to $23 were estab- | ¢ N strees NEW U. S. STEEL RECORD. NEW YORK, April 14.—The de- 564 tons in unfilled or- ders of the United States Steel Corpo- ration reported for March marks the | first instance in the corporation’s his- tory that these figures have been reached while operations were being maintalned above 90 per cent of ca- pacity. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Adiron. P & Lt. Co_6s 1929 10 Alum. Co. of Am, 7 American ‘Sugar 6s 1 Amer. Tel. & Tel. Amer. Oil Tl 1925 iated Oil 6s 1985. & Ohio Bs 1, Bethlehem Steel 55 1 Central of Georzia Bs 19: C.. Mil. & St. Paul 6s 1034 C. R. 1. & Pac 5las 1926. City of L; 3 Continental Du Pont 7% Federal Sugar Rcl Federated Metals 7s 1 Goodvear T. & R. 8s 18 Great Northern 7& 1936 Gult Oil, Co. Pa, 53¢ Hock. Val. RR. Co. Humble Oil 558 1932 Lehigh P. Sec 'Co. 03 i 8t Morris & G0 NOT® Gentoat #e 1035 - Qreson Short Line 4e 1929 R. 75 1930. 255095500 B3 B! B ELEEE Zs8 SSGR333 Fiewater Ol 8% 1031 Union Pacific RR. Co. 4s * Union Tank Car 7s 1930. Rubber 7385 1030. . tern Union 8%s 1936.. tingh. E. & M. 7s 1931 552! Dodges Reinvest $5,000,000 in New Automobile Stock By the Associated Press. NEW YORK, April 14— Members of the Dodge family have reinvested about $5,000,000 in the preference stock of Dodge Brothers, Inc, which they re- cently sold to Dillon, Read & Co. for almost $150,000,000, it was learned today. Later it is ex- pected they will increase their holdings. Members of the syndi- cate which floated $160,000,000 in stock and bond issues for the new Bourse today; 3 per cent rentes, 45 francs 90 centimes; exchange on Lon- don, 93 francs 5 centimes; 5 per cent loan, 56 francs 50 centimes. The dol- lar was quoted at 19 francs 45 cen- times. company last week reported that applications for the securities were | quarterly dividend of 90 ce | of | with the corresponc fto §: | Potom: TREASURY 1SSUES GALL FOR FUNDS Gas Light Dividend—Trading on Exchange—Telephone Earnings Jump. BY CHAS. P. SHAEFFER. Bank deposits throughout the cou try will be depreciated to the extent of $135,833,900 this week, this amour having been asked for by Secret Mellon in two draughts on the ceeds of sales of Government Tomorrow the banks have bee ed to pay the balance on e Dec ber 15 sale of Treasury 4 per bonds of 1944-54, as well as 1215 CE']! of the combined amount nml‘t account of the sale of Tr certificates on March 16, last, additional flotation of Tr cent bonds on the same combined calls will 100. On Friday 10 per cent of th maining proceeds of the c sales will be d wunting to A:‘ proximately $44,591,500. The total loan December 15 amounted to § ,743,500, of which $5 0,000 represented = exchange: The certific ch 16 to taled $219,46 in cash, while the additional 4 per cent bonds sold on the 1 te amounted to $290,154 700, also in cash. aggr: on Dividend Declared. Directors of the W Light Co. have declared a share ble on M 1 The books for transf will close as of the close April 1 Trading on Stock of the Was Co. sold off to 56% on shares. This security h ing off for a month, and it is t the answer for the decline vesterday in the action of in ‘declaring only the re ter] dividend of 90 cents For some time there rumors in the fina increase in Gas divid tors of the company have sented as favc the the old rate until knows exactly where respect to valaation. Telephone and Telegraph Income Up. An increase of nearly $4,500,000 net income is repc e Ameri- can Telephone and ph Co. for the first quarter compared months 509,639 equal 600 com his $21,4 $2.88 a hare, on $744,664,300 common stoc in the first quarter of 19 The su after dividends, totaled $6,543 ainst $4,700,236 a vear s £ifford, president of the c ced the phones had incr three months. Total earn $43,067,366, ago. pa of the stock of bus Local Board. hington Gas Ligh Jeen re; the it stands s three of last month, the t after taxes and char 2.91 a share on mon _stoc pared with 1gs for the qu against $36,79 Bankers Visit Richmond. The Federal Reserve Bank of 1 mond is host today a num |local bankers, asion b | luncheon anfl ticipated in by at least one tative of stockholders, Officials of the Richmond insti tion, by an exchange of views, I to te closer and more tive co-operation between themseli« and member represe Washington Stock Exchange. SALES Capital Traction Co.—10 at 92, 0 at 92, 10 at 92 ington Gas Light—16 a tional Mtge. & Invest. pfd—25 a AFTER CALL Washington Rw 15—S$1,000 at 79. Capital Tracti Washington Gas Money—call loans, ne Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Amer. Tel. & Telga. 4s 96% Amer. Tel. & Telga. 4355. Am. Tel. & Tel_etl ir. 58. . Am. Tel. & Tel. conv Andcostia ‘& Potom Ana. & Potomie g | & & B. Telephone . & P. Tel. of Va. Capital Traction R. City & Suburban Geargetown Gas Potomac Potomac E. Pot. EL Pow, Vel Eny b Blos ven 6 MISCELLANEOUS. D. C. Paper 6s. .. Pot. Joint Stk. L' Riggs Realty Riggs Realty Southern Bld Wash. Mkt a3 Wardian Bari Hoter Be.-.. 101 STOCKS. PUBLIC UTILITY. 101 S m 101 0815 o .. 100% Wash, Rw. Terminal T: Nation Calum Comm District Farme: Federal Liberty Lincoln National Riggs Second Nat. Ba Metropolitan.. Amer. Security & Tnm Continental Trust.. Merchants National Savi Union Trust Sate Wash. Loan & Trust. ... & Com. Bank. S t. Savings Bank. U. S. Savings Bank Washington Mechanics'. 350 10 FIRE INSURANCE, American Coreoran Firemen's ... ... National Union TITLE INSURANCE, Columbia Title. . AT D. C. Pamr’pm Merchauts’ Trans. & Mergenthaler Linotype.. Nat. Mortge. & Inv. pfd. Washington Marke Yellow Cab. ... . *Ex div t1% TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) extra. 4%s Dec. 15. 19’ 4% March 15, 19 438 Sept. 15, 1921 438 March 15. 4%4s Dec. 15, 19 ‘were still coming in from remote points, althougk the books were closed almost immediately after the offerings, with heavy over- subscriptions, Nashville, Tenn., soon is to have the Jargest artificial ice and cold storage plant in the South.