Evening Star Newspaper, April 15, 1925, Page 26

EINANCIAL RAILROAD SHARES » ABSORB INTEREST | | | Mofors Also in Demand, But| Ofls and Sugars Are Weak 1 on Price Outlook. | BY STUART T. WEST Dispatch to The Star. YORK, April —Interest the railway trading on the stock he motors continued in | The oils were heavy, re-| flecting disappointment over further | crude price cuts as well as fear that { mode reductions would follow. The | sugars, too, were weak i The rise in rails took in practically | the ent list | Merger Talk Aids Rails. The advance, accompanying discus- | sion about merger projects and about dividend possibilities. was the most impressive in several weeks in this| class of stocks { Censolidation talk was back of the | buying movement in the low priced | rails. No further details came to light in conection with the new | odthwestern merger. but the stocks | of the roads concerned—Kansas City Southern, Missouri-Kansas-Texas and Missouri Pacific—were all strong | again. up 1 point to 2 points. The | buying spread to other medium and | low priced issues, stocks like Roék Island. St. Louis Southwestern Wheeling and Lake Erie and Texas was | demand and Pacific uthern Railway up over a B. & 0. Shares Strong. The higher priced dividend paying | rails were more active at rising | priges. Lehigh Valley was taken up. | AN ew York Central. Louis: ville and Nashville was bid up Poidts or so. Baltimore and Ohio was | comparatively stron Atchison w: back over half the zround lost be-| tween the extreme high of January and the low of the March reaction. The real feature was Western | Unjon selling at record. prices. The stogk was up 10 points from what it was quoted at when the president the company announced there was othing to fear from radio compe-| titign. h | Hudson Motor Jumps. | Hudson Motor jumped another 2| Points, then ran into considerable prof- | it Raking. Large blocks of General Motors changed hands as the stock { crassed Short ¢ Steel share: point vering continued in the Bethlehem got above 43, then fell k a point. United States Steel was up over 4 points from its recent lov The Goodrich directors took no ac tion today on a common share divi- denid. This put a stop to operations for, the rise in the rubber and tire shares. Congoleum Breaks Badly. A bad break occurred in Congoleum following the liquidation which had bean noted Tuoeday. The stock fell 1o 2 new low for the year and ap- proximately 15 points below its 1925 | top. The selling was ascribed to the W. & J. Sloane interests, which now are competing with the Con- goleum in the linoleum busine: There was a fair amount of buying in Glidden common stock in response to reports that the company was earn- | ing «t the rate of $4.75 a share, that 1he business from the beginning of thd fiscal year, November through | Mairch, was 110 per cent over the same five_ months a year ago, and that bank loans would be nearly if not al- together wiped out before the end of 1925. Union Pacific Heavily Sold. During the selling movement in Union Pacific there was further talk about the possible consequences of the continued Panama Canal competition. Rumors of unfavorable dividend ac- tion by Union Pacific are not taken serjously in conservative quarters. However, some attention is being paid to calculations of what effect on_the earnings of the big East and West railroads the Panama Canal traffic is having> MARKET CLOSES STEADY. By the Associated Press. April 15 —Alternate periods of heaviness and strength of | today’s stock market reflected the play of opposing speculative forces Rafls were strong throughout and in- dustrials responded to heavy short covering in the late trading after| being depressed on relatively unfavor able trade news. Sales approximated | 1.150.000 shares. The closing was steady. The late trading was featured by the resump- tion of bullish operations in the motor shares and the brisk accumulation of United States Steel common, which touched 117%, new high on the cur- rent movement. Markets at a Glance | oo - = el NEW YORK.—Stocks, steady; continue advance. Bonds, firm: money promotes investment buying. Forelgn exchanges, higher; francs up 7 points; Norway at 1925 high. Cot-| ton, advanced: firm. Sugar, easy; raw sugar at year's lowest price. Coffee, lower; European selling CHICAGO.—Wheat, we: eign demand. Corn, eas with wheat. Cattle, lower steady to higher. CHICAGO LIVE STOCK MARKET | GHICAGO, April 15 (United States Department of Agriculture).—Hogs Regeipts, 17,000 head; butchers, stead. to ktrong: light lights and pigs, 10 to 25 higher than yesterday’s averag bulk desirable 180 to 300 pound butch: ers, 12.85a13.00; top, 1 weight slaughter pigs mos 1250; few odd packing sow 11.40: late trading active; hea hogs, 12.50a13.00; medium, 12 i light, 12.40a13.00; light light, 11.90a packing hogs, smooth, 11.20a packing hogs, rough, 10.75 slaughter pigs, 11.00a12.50. | Cattle—Receipts, 10,000 head: fed | steers and yearlings largely 25 lowe hid off more on better grade heav kind: good to choice offerings pre- dominating: vearling supply libera light heifer vearlings showing declin better grades, fat cows, 10 to 15 lower: riy top vearlings, 11.90; some held higher: best matured steers, 11.40 some held around 11.75: liberal suppl fed steers at value to seil at10.50a11 stockers and feeders scarce, fir bulls, 10 to 15 under early yesterda: hulk weighty bolognas. 5.00a5.25; qual ity considered veal calves unevenly lower: shippers indifferent for choice ndyweight: bulk to packers, 9.00a few 10.00: light kinds unsold with bid at 8.50 and below. Sheep—Receipts, 12,000 head; slow: eayly sales good lambs weak to 25 lower: others dull; most bids 25 or mare lower: cheice handyweight clip- Deds. 12.50a12.75; three cars California Spfingers. 16.50. with 10 per cent sort At #5.00; heavy Springers mostly 20.00 23.00; fat sheep and shearing lambs, choice shorn ewes, 8.00; good shearing lambs, 14.50. ! RATES ON BAR SILVER, EW YORK. April 15.—Bar silver, ijes Mexican dollars, 1%, | E | Am Metal (3) Childs (12.40)... Colo Sou 18t (4) . | Consol Textlle. . { Cuban C: Endicott pf (7). | Erie 2d pf. Fed Lt&T (7). Foundation (8 Gt Nor Ore (1) Guantanamo. ... Adams Exp (6). Ahumada Lead Alr Reduct (4) Ajax Rubber. Alaska Junea Allied Chem (4). 8614 | Allis Chalm (5). @so Am Agricul Chm 19% Am Ag Chm pt.. 445 Am Beet Sug (4) 40% Am Bosch...... 32% Am Brk Shoe (5) 1024 Am Can (47).... 174 Am Can pf (7)., 1184 AmCar & F (12) 204 Am Chain A (2). 234 Am Chicle. .. 54'% Am Drug (60c). by Am Express (6). Am & For Pow Am & Fr P pf (7) Am Hide & L pf. . Am Internatl.... 84% Am La Fran (1). 124 Am Linseed. 24% Am Linsd pf 66% Am Loco (t18).. 124% 46% 96 78 564 1% Am Radiator (4) Am Ry Exp (6) Am Safty Rz (3) Am Ship & Com. Am Sm & Ref (6) 95% AmS&RDf (7). 107% Am Stl Fdys (3). 49% Am Suga; . 70 Am Sugarpf (7) 994 Am Sumatra.... 14% Am T & Tel (9).. 184% Am Tobaceo (7). 8 Am Tobac B (7). 88% Am WW&ZI 30c. 46% Am Woolen 425 Am Wool pf (7). 81% Am Writ Pap pf. 31 Anaconda (3) 39% Ann Arbor pf. 55 Armour Del - 90% Armour II1 A(2). 20% As80 Dry G (5).. 135% Asso D G 2d (7). 105 Asso Ol (1%)... 83% AtT&SFe (7). 1207 At Birm & At 5% AtlanticCL (7). 156 AtGulf& WI... 36% At Gulf & WIpt. Atlantic Refin Atlas Tack. Austin-Nichol Auto Sales pt Baldwin L (7)... 115 Bald Loco pf (7). 110 Bal & Ohio (5).. T3% Bal & Oh pf (4). 64 Bang & Ar (3).. Barnsdall A Beec Bethlehem Steel 43 Beth Stl pf (8).. 111% Booth Fisherles. 5 Briggs Mfg(3%) 387% British Emp 2d. 84 Bkl Edison (8) 129% Bkl-Man Tran.. 40% Bkl Union G (4). 83 Brown Shoe (4). 72 Bruns-Balk(30¢) 88% Burns Bro (10).. 99% Burns Br B (2).. 19% Bur Add Ma (3). 8% Bush Term (5).. 105 Eutte Cop (50c). 6 Butte & Su(50c). 15% Butterick Co.... 18 Cal Packing(6). 104 Cal Pete (1%)... 30 Calif Pet pf (7).. 113 Callahan Zinc. 3% Can Pacific (10). 148 Case Threshing. 27% Case Thresh pf.. 66% Cent Leather.... 17 Cent Leather pf. 57% CRRNJ (112).. 279% Cero d Pasco (4) 46% Certain-Teed... 43 Certain-T 2d (7). 8215 Chand Mot (3)... 37% Ches & Ohio (4). 91 Ches &0 pf(63%). 106% Chi & Alton..... 9 Chi & Alton pf.. 143 Chi&EastIil... 31% Chi & Est 11l pf.. 45 Chi Great West. 10 Chi Gr West pf.. 22% Chi Mil & St P 5 ChiMil&SPpf. 9% Chi & Nwn (4).. B0% Chi & Nw pf (7). 105% ChiPneuT (5).. 86% ChiRI&Pac... 43 CRI&PpL(6). 85 ChStPM&ODL(5) 74 bl% 32% 21 98% s4% 567 61 Colo Sou 2d (4).. 57% ColG & E (2.60). b7% Col G & E pf (7). 105% Com Solv A (4).. 141 Com Solv B..... 141 Congol-Nrn ( 31 Consol Cigar.... 28% Con Distributrs. 5% Consol Gas (5).. 7T% 3% Cont Can (4).... €3% Cont Insur (6).. 109% Cont Mot (80c).. 9% Corn Prod (2)... 89 Crucible Stl (4). 6% Cub Am Sug (3). 20% e Sug. 18% Cub Cane Su pt.. 58 Cuban Dom pt... 39% Cuyamel Fr (4). 57% Cuyamel Frrts. 1% Daniel Boon 24 Davison Chem.. 384% Del & Hud (9) 146 Del L&Wn (17). 131% D&R G Wstpf. 39 Detroit Ed (8).. 116 Dodgs Bro pf wi. 100 Dome Mines (2). 13 Doug Pectin (1). 16% Dupont (10)..... 145% Dugquesne pf (7). 107% Eastman (18)... 109% Eaton Axle. .. 14% Elec Pow w i.... 100% Elec Str Bat (4) 64% End-John (5)... 64% . 112% . 29% 3% 36% 17% 36% . 97T% 106% 140 51% 152% 64% 12% Chile Cop (2%). Chino Copper-... Coca-Cola (7). .. Colo Fuel & Iron Colo Southern... Erie. Erie 1st pf. Sxchange B (1). Fairbks (2.60).. Famous P (8) Famous pf (8) Fed Mines pf (7) Fid Phoenix (6). Fisher Body (5). Fisk Rubber.... Fisk R 1st (1)... 82 Fleischmann (4) 78 . 109% Freeport-Texas. Gardner Motor. . Gen Asphalt. ... Gen Bak pf (8).. Gen Clgar (8)... Gen Electric (8) 273% Gen El spl (60c). 11% Gen Motors (6).. 72% Gen Mot pf (7).. 105 Gen Petrol (2).. 51% Gimbel Bros 49% Ginter Co (1%). 29% Glidden Co 17 Gold Dust. 884 Goodrich. 53% Goodyear pf (7). 964 Grt North pf (5). 624 28% 9645 5% 93 1% 28 341 44 36 63% 29% 664 Grt Wstn Su (8). GuM & N pf(6). Gulf St Steel (5). Hartman (2%).. Wheel (3) ake (7). House P (18%).. Houston Ol. ... Hudson Mn(21%) Hud Man f (5) Hudson Mot (3). b4 Hupp Mot (1)... 17% Tilinols Cent (7). 114 Independ Oil (1) 24% Inspiration Cop. 28% Interb Rap Tr...' 17% internat Agri... 11 109% 1 13% 49y 119 98% 2754 5414 1% 114 244 2315 174 1% <oy 40 5% 96 625% | 28% 964 5y 93 1% 29 34 4 36 62% 29% 66 53% 17% THE Int Bus Mac (8). Int Cement (4).. Int Com Eng (2). Internat Har (5) Int Mer Marine. . Iut Mer Mar pf.. Int Nickel. .. Inter Nick pf (6) Int Paper Int Pap pf st (6) Int Ry Cent Am. | Int Shoe (5)... Int Tel & Tel (6) Jordan Mot (3). Kan City South. Kayser (Jullus). <elly-Spring. .. Spring pf. Kennecott (3).. Keystone T & R. Kinney G R. Lee Rub & Tire. Lehizh Val (313) Liggett & M(14). Lig & My B (14). Lima Loco (4) Loews Inc (2)... Loft. . : Long Bell A (1). Loose-Wiles. Loose-W 1st ( Lorrillard (3) Louisiana Oil. Louis & Nsh (6) . Ludlum (2) Mack Trcks (6). Mack T 1st (7) Magma Copper. . Mallinson & Co. . Mallinson pf (7) Man Emd g (5). Man El Sup (4). Man Shirt (1%). Manila Electric. Maracaibo OIl. .. Market St prior. Mariand Ol Mar-Rock (25¢). Martin-Pry (4). Mathieson Alka. Maxwell Mot A.. Maxwell Mot B_. May Dept St (5). Metro G pf (1.89) Mexlcan Seabd. . Miami Cop (1) Middle States Mid-Continent Mid-Cont pf {7) Minn & St Louis. Mis Kan & Tex MK & T pt (5) Missouri Pacific. Missourl Pac pt. Mont Power (4) . Montgom Ward. Moon Mot (3). Mother Lode 75¢ Motor Whi(75¢). Mullins Body. .. Munsingwr (3).. Murray (2.40)... Nash Mot (t11).. at Acme (sta). at Biscuit (3).. at Dalry (3). Nat Dpt Stores. . Nat D St Ist (7). Nat Enamel & S. Nat Enam pf (7) Nat Lead (8 Nat Ry Mex Nat Supply (3).. evada Copper. N O Tex & M (7) N Y Air Br (4).. N Y Canners (2). N Y Central (7). NY C&St L (63 N Y Dock. ... N Y Dock pf (5. Y NH & Hart.. NY On & Wn (1) N Y State Ry, Niagar F pf 1%. Norf & West (7) North Am (3.40) North Am pf (3). North Pac (5)... Orpheum (1.80). Otis Elevator (6) Otis Steel....... Otis Steel pf. Owens Bot (3) Paclfic Gas (8).. Pacific Ofl (2).. Packard (11%). Packard pf (7) Pan-Amer (6) . Pan-Amer B (6 Panhandle. ..... Park & Tilford. Parish & B sta Penick......... Penn C & Cke. Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Pere Marq (4).. Pere Mar pf (5). Pere M prior (5) Phia Co<4)..... Phila& RC&I. Phillip Morrt Phil-Jons pf (7). Phillips Pet (2). Pierce-Arrow. .. Pierce-Arrow pt Pierce Oil. . Pierce Petro! Pitts Coal. Pitts Coal p! Pitts & West Va. Postum-Cer (4). Press Steel Car. Prod & Refiners. Pub S Gas pf(6) . Pub Ser NJ (5). Public Serv rts. Pub SNJ pf (8). Pullman Co (8) . Punta Al Su (5). Pure Oil (1%).. Radio Corp of A. Ry Stl Spg (8). Ray Cons Cop. Reading (4). Reading rts. . Reading 1st (2). Reading 2d (2). Remington Type | Replogle Steel | Rep Ir & Steel. . | Reynolds Sp (1). Rey Tob B (3). Roy Duth 4.42%. St Joseph Ld (2) ! StL & San F (5) St L South.west. | Savage Arm: Schulte (*8). Seaboard Air L. Seabd Alr Lipf.. | Sears-Roebk (6) { Shell Un (1.40).. Simmons Co (2). Simms Pet (50c) | Sinclair Of1 Skelly Olil1 Sloss-Sheft ( Sloss-Shf pf (7). South Port S (6) South Pac (6)... Southern Ry (5) | South Ry pf (6). | Spicer Mfg. Spicer pf (8 Std Gas & Ei (3) Std G & B pf (4) Stand Mill (5)... St Oil Calit (2) StONNJT (D)... StOINJTpt (D). Sterling Pr (16). Stew Warnr (5). Stromberg () .. Studebaker (4). | Studebak pf (3. Submarine Boat. Superfor Oil.... Symington. { Symington A (2) { Tennessee Cop. | Texas Co (3). | Texas Guif (7) . Tex & Pacific. .. | Tex & PacC& O Third Avenue. .. Tide Wat Oil (4) Timken R B (14) Tobac Prod (6). Tobe Prd A (T) Transcont Oil... Twin City (4)... Twin City pf (7) Underwood (3).. Un Bag & Paper. Union Ofl.. Union Of! (1.80). CVENING STAR NEW YORK STOCK EXCHANGE Rzceived by Private Wire Direct to The Star Office Open. High. 119% 59 373 104% 11 41% 234 98% b4% 73% 18% 118 89% 50 331 21% 16% 50 49 2% 39% 44% % 37% Un Pacific (10).. 141% V HINGTON, I Low. Close. 119% 119% | 59% 69% 874 374 | 104% 104% 11 11 42 4% 28% 28% 28 98 B4 ! b4 8% 734 | 18" 9% 59% 37% 104% 11 18% 118% s 90 51% 34% 23 17 50 494 2% % 13% 9 58% 58 645 277 8% 504 85 105 Slh[ 16% | 4 109% 23% 1454 107% 29 275 | 92 | 384 | 56% | 2¢ | 37% 26% 6% 36% 12 29% 664 1034 8% 106% 20% 17% 10% P T4 85 2% | 344 8% 62% | 105% b54% 21% 109% 74% T4% 3 304% 1% 26% 14% a4 1% 113% o6 69 8% 82 40% 14 8315 38% 13% 49 2 6% 45 87 68y 112 55 23% 93 67% 23% 110 132 43 26% 556% 126% 12% 3% 18% 37 88% 70 15 4514 154 T4% 49% 45 65% 46% 674 1% 23% 384 156 155 23% 24 84% 35 22% 22% 19% 194 23% 23% B4 84n 92% 924 T0% 9% 101% 102% 85 86 84% 85 17% 18% 926 924 46% 46 3 b1% bB1% 68 68 58 58% 40% 41 7% 117% 63% 63% 6z 62 6614 664 44% 45% 114 114 9% 9% 44 ey 18% 18% 22w 224 8 8% 44 48 105% 107% 51% b51% 8% 13% M 9% 128 128% 40% 40% 5% 6% ¥8% 8% 4% 4% 647 64% 9% 95 89% 39% 39% 4% 42 4w % W % 37% 37% 37% La1% 140% 140% 39 }Apr I8—Balti & O R R Co NEW TOP PRICES INLIBERTY BONDS French Issues Continue to Improve—0il Liens Are Weak Spots. | BY GEORGE T. HUGHES. Special Dispaten to The Star. | NEW YORK, April 15.—Strength in Liberties featured bond trading to day. New high prices for the year Wwere made by the fourth 4'%s, while the second and third 4%s equaled their best previous quotation. High- grade rails and industrials were firm. All this was in response to indica- tions of renewed ease in the money market. Banking opinion was that the present levels of bonds would be maintained. Other Bonds Strong. Outside the high-grade group there was scattered strength in speculative issues, principally the rails and utili- ties Brooklyn Manhattan Transit 6s touched a new high on this movement. Selling at 86 it was 21{ points below the high of the year and still on a 7 per cent ba. ere was a rally in Chicago Railways 5s Among the speculative rails the for- | ward move in Missouri-Kansas-Texas adjustments was umed, the attrac tion being the conversion privilege into preferred stock par for par. In. ternational Great orthern adjust ments and Missouri Pacific 4s im- proved slightly, ile Chicago and Eastern Illinois recovered a full point. Merger reports was the reason gnr the buying of the stern Illinois issues. Los Angeles Bonds Offered. Southern Railway Consolidated equaled the high of the 3 and Southern Railway ( were very strong within the high of the vear. Price changes in the foreign group were not important Poland 8s were maintained at the offering price of 95. French bonds again more than held their own. New offerings included City of Los Angeles school distric maturing serially to yield from to 4.50 per cent. 58 ar of 102 neral 4s fraction of PARIS PRICES IMPROVE. PARIS, April 15.—Prices improved | on the Bourse today. Three per cent rentes, 45 francs 60 centimes; exchange on London, 93 francs 20 centimes; five per cent loan. 56 francs, 50 cen- times. The dollar was quoted at 19 francs 48 centime: DIViIDENDS.r 3 Pe- riod Pay able Stock of Rate record o $250 May 1 ay May May May 1 May 1 Apr. 24 Apr. Apr. Do, prior pf Cerro”de Pasco r Mines nves. pi n N £COC0ORONE Lo 0. Gen. Asphalt pf Gossard. H. W.. pf. Nat Biscuit 38 P. Sery Invest Do... pf. Remingzton Type- writer 2d pf. U. S, For. Sery Corp.. full paid ctfs 4 Do.. 25% paid. — 37 Washburn-Crosby S e - BORSSaR AR » oo STOCKSiEX-DIVIDENDA Dat Corporations. Apr 16—Amal Sugar Co 1st ptd Apr 16—Internat Nickel Co' pf Apr 16—Reading Co SR ADr 16—Sterling Prodicts The Apr 16—Union 03l of Cal Apr 16—Vulcan Detinning ©o bt Apri6_ do pt A" : Metal Consiryc Per share. $2.00 130 00 00 - GaSZ3natasans 2d pf.. Prod & Ref Corp pf.. . . Apr 18—Anaconda Copper Min Go F3 e S 3 Centurs Ribbon ‘Milla Tnc.. ‘ontnental Mot. Corp Macy (R_H) & Co Inc pf. abash Ry Co. pf “A’. isistnmishins SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Alum. Co. of Am # i American Sugar 2 Amer. Tel. & Tel i Anaconda Copper 6s 19 3 38 | Anglo-Amer. Oil 7%4s 1925 { Associated Oil fs 1635 .. i Baltimore & Ohio 6s A 3 3 Bethiehem " Steel s 19; | Central of Georgia 6 B i Chi., Mil. St. P. s 19 | ! RAL R R v of Lyons 6a 1 Gas & EI. 1 Continent. G & E. s Du_ Pont 7%s 1631 Eederal Sugar Ref. 0s id Federated Metals 7s 1930 Goodyear T. & R. 8s 1931 Great Northern 74 1936 Gulf O Cn. Pa. Blas 1928 Hock. Val. R, R. C.bs 1926 Humble Ol 518 19 : Leh. Pw. Se. Cor. 08 1927 M.St.P. &S!S M.614a Morris & Co. 7138 1930 New York Central 8s 19 Qregon Short Line 4s 1 Penna. R. K. 78 1030.. Pure Ol 5i3x. Aug Swift & Co. 3a 1937 ®idewater Oil 635 1 U. Pacific R.R. Co. Union Tank Car 7s 19 U. S. Rubber 7%s 1 Western Union 61as 1038, Westhouse E. & Ms. 7s 1931 10714 —_— T Un Pacific pf (4) 74% 74% T4l 7T4% Utd Alloy Steel. 26% 27 26y 27 Utd Clgar (13%) 67% 68% 67% 684 United Drug (6) 122 122% 122 1224 Utd Drug 1st3% 53 53% 53 53y Utd Fruit (10).. 215 216% 215 2154 Utd Ry Invest... 23 23 23 23 Utd RyInvespf. 60 60 58 68 USCastlIronP. 178 173% 168% 168% U SDistributing 82k 85 321 844 USHoft (2).... 28% 28% 2814 28y, SInd Alcohol. 84 84% 83% 83y Realty (8).. 129 129% 128% 1291 Realty pf (7) 1284 128% 128% 128% Rubber..... 404 40% 39% 40 Rublst (8).. 97 97 964 964 SSmelting (3) 35 35 35 35 USSmpf 3%). 44% 444 44% 44 U S Steel (17)... 116% 117% 116% 117% U S Steel pf (7). 122% 122% 122% 122% Universal Pipe.. 86% 36 364 Univer P pf (7). 79 19 19 Utah Copper (4) 85% 85% 85% Utah Securities. 3% 69% 734 27 27 2% 8% 16 16% 89% 89 4% 154 21 21% 63% 64 41% 41w 174 17 88% 884 964 96% [ 116 124 17% 364 8845 123% 100 69 12% 23 261 62% 7 23 14 924 118% 504 71 20% 19% 35% 35 6 65 65 6o ble in 2" e Shave "table Cieciarations, extra o epeeial e ® i 19 1 SRS2R2T =233 FRGEFIEEE FA S05555525222220085 2322322 "2 P iy 5255050 237533 u us Us us us U Va-Caro Ch pf.. Va Ry & Power. Vivadou..... Wabash........ Wabash pf A(5) Wabash pf B.... Waldorf (1%).. Ward Baking B. Ward Bak pf (7) West Pen pf (7). West Ele pf (7). West Maryland. West Md 2d pf. . Western Pacific. West Pac pt (6). West Union (7). West Air Br (6). Westinghse (4). Wheel & L Erie. Wheel & L E pf. White Eagle (2). White Mot (4).. Wilson & Co.... Wilson & Co pf. willys-Overind. Wills-Over pf. .. Woolworth (3). Worthington. .. Worthton B (6). Wright Aero (1) 19% Yellow Cab (25c) 85% Youngstown (4). 635 7 23% 14% 93% 119% 51% 71 20% 92% 119% 50% 71 19% are the aunual ts. Istest quarterly or half-yearly Tnless otherwiss noted, gividends ere not included. | Chile 7s 1943 . | Sweden 6s | AmT & Tl tr s APRIL 15, 1 92 I N NEW YORK BONDS STOCK EXCHANGE I Received by Private Wire Direct to The Star Office. ' UNITED STATES BONDS. (Sales are in $1,000.) Bales. High. ‘Low. 2:50. 36 101 14 10113 10113 43 1028 102 1028 10111 101610111 101 30 101 26 101 30 10210 1025 102 19 US4s1944. 523 1017 10031 1012 US4%s'52. 54 10514 1055 10514 FOREIGN. Sales. High . 8 96% .48 984 Low. 96% 96 102% 91 99% 845, 92% 107% 107% 927% Argentine 6s A. Argentine 63 B. Argenti: . 17 10245 Austria 7 18 944 Bank of Japan 6s. 6 99% Belgium 6s... 16 84% Belglum 614s w 924% Belcium 7%s. 107% Belgium 83 107% Bolivia 88 93 Bordeaux 6 804 Brazil 7s. 81% Rrazil 8s.. 96% Canada s 1926. 100% Canada 551931, 1024% Canada 5s 1952. 104 Canada 5%s 1929.. 11 1027% 100% 108 44% 99% 110% 8714 97% 99% 99% 100 101% 110% 97 9714 100% 100% 104 84Y 94 Chile 8s 1941 . Chinese Gov Ry §s Christiania 6s ... Copenhagen 5% Cuba hls. .. Czecho 8s 1951.... Czecho 85 1952 ct. . Danmark 6s...... Denmark 8 DEI5%s Mch '53. D ET5%s Nov '53. Dutch East I 6547 Dutch East I 68°62 El Salvador 8s'48. Finland s £ 63 °45.. Finlands 7s 2 French s French 7% French 8s. German 7 Ger Gen Elec 78 Hungary 6% Japanese 4 Japanese 614 etherlands 6s'72. Norway 6s 1943. orway 63 1944. . orway 6s 1852.. Norway 8 Paris-Ly's- Paris-Ly's-Med 7s. 19 Peru fs. . % Poland 6s 40 Poland fs '50 wi Prague 7%s Rio de Jan $s 1946. Rio de Jan 88 1947 Sao Paulo City 8s. | Sao Panlo State 88 8255 87% 83 99% 10314 101% 116% 106% Seine Dept cf 78 Serbs Crot Slo §; Soissons 6s. . Sweden 55 ct. Swiss 5148 194 Ud Kingm 5% Ud Kingm 535’37 37 Ud Steam Copen 6s 92% Uruguay 8s 109 MISCELLANEOUS. Ajax Rubber 8s. 1 S8% Am Agr Chem 7%s 2) 99% Am Chain sf 68°33. 5 9% Am Cotton Oil 5s.. 22 94 AmSmit & R1st6: 4 974% AmSmIt&R 68 1 106% Am Sug ref 6s. 7 1024 Am T& Tl tr4 18 AmT&Tst5s... 168 Am T & T deb 5%s. 24 AmT& Tcy 6 Am Water Wks 5. Am Writ Paper 6s. Anaconda 1st 68 Anaconda cv db Andes 7s Zo% pd | Armour & Co 4% Armour Del 5% Associated Oil & Atlantic Refin 5: Barnsdall s f 3. Bell Tel Pa 58 Beth Steel pm 51 Beth Steel rf 5t Beth Steel 51%8°53. Beth Steel s f 6s... Brier HSt 1st 5%s Bklvn Ed gen bs.. Bklyn Ed 65 B. ... Bklyn Union G 5s. Bush T Bldg 5s '60. Calif Pete 614s. ... Cen Leth 6s'45 cfs. Chile Copper 6i Col Gas & El 5 Col Gs & E' 5s sta. Commonwth P 6s.. ConGNY 5%swi. 6 Consumers Pow 53 Det Edison 55 '40.. Det Edison ref 6s. Dodge wi 6s... Donner Steel 7s Du Pontde N 7% Duquesne Light 6; Est Cuba Sug 7% Empire GEF T%s. 41 Fisk Rubber8s... § Goodrich 6%s. Goodyear 8s 1931. Goodyear 8s 1941.. Hershey 6s 1942... Humble O&R 5%8 Miinois Bell Int Mer Mari s Inter Paper 5s '47. K CP&Lt5sA'52. Kan G & El 6s'52. Kelly-Spring 8s. Lackawa S 55'50.. Laclede G 5%s 6% Lorillard (P) bs Lorillard (P) 7! . Loulsv G & E 5852 Manati Sug sf 7%s Midvale Steel 58 Montana Pow bs.. New Eng Tel b N Y Ed 55 44 wi N Y Edenlst 614 NYG EL HEP ¢s. NYG EL H&P 5s. NY Tel4% N Y Tel 6s'41. NY Tel 65'49. North Am Ed 6s North Am Ed 6% Nor Ohio T&L. Nor States Pow Otis Steel 7 Otls Steel 8 Pacific Gas & El1 bs Pac T& T 1st 5s... Pan-Amer Pete 6s. Phila Co 5%s '38.. Phila Coref 65 A.. Phila & Rd C&I 58 Plerce-Arrow PPN TR LT - Te e e} o) ES © wuleBon-? CYS~ - by @ = o 1 00 1 53 1=t 071 915619 19 21 0070 D 00 19 6 ot €130 b G0 09 ok ot bt 0O b Qo= SaAS Pub Serv Elec Punta Alegre 78 Reming Arms 6s.. Sinclair Oll 6 Sinclair Ol 6%s. Sinclair Oil 7 Sin COP L és Sin Pipe Line 58 Skelly Ol 6%s8 South Bell Tel & So Por Rico Sug 73 Southwest Bell 5s. Tenn Elec Pow 6s. Tide Wat Oil 6%s. Toledo Edn 1st 7s. Union Bag & P 6s. United Drug US Rub 1st rf 6s.. U S Rubber %s U SSteels f5s Utah Pow & Lt 5 o SERRwdlanabvaa P - aonalE-Soome! Vertientes Sug 7 Warner Sug 7s ! Warner Sug 7s *41. West Elec 5s...... Westinghouse 7: Wickwire Spen 7s. el Sales. Willys-Ov 6%s°33. 17 Wilson & Co 1st 6s. 23 Wilson & Cocv 6s. Wilson&C cv 7%s. 10 Winchester A 71s 2 Youngstn S&T 6s. 19 Ann Arbor 4 Atchison gan Atlantic C L 1st 4s. Atlantic C Ll 4s.. Atlan CL 4155 '64. AtlantioC L 7s. B&Oprin3s. B& O gold 4 B&Ocv4k B& Oref bs. Buff R & Pitt 43 Canada South 5s. .. Canad North 7s Canad Pac deb s Car Clinch & O 55 Car Clinch & O 6s. Cent of Ga 5%s Central Pacific Ches & O gn 4348 Ches & Ocv 4ty Ches & O cv b Chi & Alton 3% Ch1 B&Q gn 45°58. Chi B&Q 1st rf bs. CB&Q-Tll 3%4s. Chl & E I gn b; Chi GreatWest 4 CM & Puget Sd 4 CM&StP4s’28. CM&StP gn 45 '89. CM&StPab4 CM&StPcev4el% CM&StPgn 4%s CM&StPredls CM&StPovbs. CM&StPés Chi & NW gn 3%s. C&NWgends Cleve Term 5s. Cleve Term 514s Det & Hd 1st rf ds. Del Hud cv 58 '35 Den & Rio G cn 4s. D & Rio G imp 5s. . D& Rio G Wst bs. Det United 414s. Erie 1st cons 4s Erie gen 4s.. Erie conv 4sA.. | Erie conv 4s B. Erie conv 4s D Gr Trunk sf db Grand Trunk 7s. Great North 53 GrNorth 5%s Gr North gen 7s. .. 3 Havana ERL&EP 51 Hud & Man ref 5s. Hud & Man aj 58 | Tl Central ref 4s 11l Central 515 { 111 C-C St L&NO &8 Int Rap Tran 5. .. Int Pap Tr 5s stpd. int Rap Tran 6s. .. | Int Rap Tran 7s. Int &4 Nor 1st 63. Int & G Noraj 6s Kan City Ft S ¢s Kansas City S 3s Kansas City S 58 Kan Cy Term 4s... Lake Shore 48'31.. Lehigh Val cn 4s Lehigh Val 55 2003 Louls & Nash 53ys. MilEl Ry & L6 M&StLrfex5s.. M StP & SSM cn 4s M StP & SSM cn 58 M StP & SSM 6 MK &T 1st 4 MK&T4sB. MK & Tadib MK&TprinbsA. MK&T6sC. Mo Pacific gea 4. . Mo Pucific 58 '6: Mo Pacific 6 Montrl Tm 1st 5s.. NOTex& M in5s. NOTex&M5sB.. NOT&MGbH%s... N Y Cengen3ns.. N Y Centcn 45 '95. N 'Y Cent deb 4s. N Y Centribs N Y Centdeb 6s. . NY Chi & St L5%s NYC&tL6sA... New Hav cd 6s. NY.Ont W st 4s NY Ry rf 4s ctfs. NY Rys adj 5s ct N Y State Ry 4% NY W & Bos 4%s.. Norfolk & W cn 4s. Northern Pac 3 Northern Pac 4s. Northern Pacri Ore Short L ref 4 Pennsyl con 43s.. Pennsyl gen 4%s.. Pennsyl gen bs. Pennsyl 5s '64. Pennsyl 6% Pennsy) gold Pere Mrq 1st 4s '56 Pere Mara 1st 6s Reading gen 4s Reading gen 415 Rio G West Ist 4s. Rio G West c] 4s St LIM&S 45'29... St LIM&S R&G és. StL&SFpl4sA.. & |StL&SFprinbs. StL&SF5%sD.. o o whaBoulioe StLS W con 4832 St P & KCShL 4%s StP UnDepbs.... San A & Arn P 4s.. Seab'd A Ladj 5s.. Seab’d A Licon 6s.. Sou Pacific 4s '2: Sou Pacificclt 4s.. Sou Pacfic ret Southern Ry gn Southern Ry 1st s Scuthern Ry 6s ct. Southern Ry 6% Third Ave ref 4 Third Ave adj & Tol St L& W 3% Union Pac 1st 4 Unlon Pac 1st It 48 Unlon Pac 4s'27.. Un Pac Istrf 5s... Union Paccv 6s. Virginia Ry 1st bs. Va Ry & P 1st 6s. Wabash 1st 5s. Wabash 2d 5. Washash 5%s, '7 ‘Western Md 4s. Western Pacific s West Shore 1st 4 Wheel & L E cn 4s. T Hamburg 4%s 1919.... Ger Gt 4-58 (forced loan) Ger Gez £l 4%s Ger Gen El 4%s 1019. . Ber] 34 & Hamburg-Amer Line 4% North Ger Lioyd 434s.". North German Lioyd. .. Munich 4s pre-war. Badische _Anilin . x A EG (Ger Ge Elec): . . Commerz and Privat Bk. Disconto Gellschaft. .. .. Dresdner Bank. Deutsche High 100% 9RY% 72% 1% 101% V% RAILRCADS. 674 89% 92% 874 924% 106% 99% 89 924% 88 101% 103% 102% 734 869 834 101% 116% 8% 100% 107% 93% 82y 3% Bid. Tow 100% 100% 98 72 T1% 101% 101% 98 67 854 2% 87% 924 106% 90% 77 101% 10435 109% 51% 34% 99% 93 86 994 106 103% 7% 96 101 8575 945 633 93 823 3% Ger Gt (w In) 58 1914-18 1500.00 1| 200.00 13.00 w as (Quoted in dollars per. thousand re-war 21.75 B 2.00 2:50. 98 T2% 1% 98% 67% 89% | 92% | 8774 | 924 | 106% 99% 89 92% 87T% 101 102% 102'% 73 86% 534 101% 116%% 79% 100% 107% 1164 | 234 | 100% | 109% | £614 954 943, 847y 7346 | 4% 86% 743 £9 8% 87% 807y 103% 88 8315 101 831 6% 90% 974 8574 901 174 10215 1041 110 61% GERMAN BONDS AND STOCKS. (Quoted in doliars ver million marks.) Asked, 5560.00 11.59 to 1.59% and Ju i States is only 1 11.0914 | showed gains 1 July ! points, |ing. |day, however, and the market firmed E I GRAN PRCES DRA INTRADING TODAY | NANCI Heavy Selling by Eastern Houses Halts Rise—Corn Holds Firm. By the Associated Press. CHICAGO, April 15.—Notwithstand ing fresh gains of more than a cent a bushel at one time, the wheat mar- ket averaged much lower today dur- ing the early dealings. Friends of higher prices were handicapped by fact that European markets d to be unresponsive to vester- v's advance in value on this side of the Atlantic. Reports of extensive damage by cutworms in Kansas at- tracted sufficient notice to lift the market temporarily, but buying lacked volume, and with heavy selling on the part of houses with eastern connec-! tions a sharp reaction ensued. The opening, which varied from _un- changed figures to 11 lower, May 1.453; to 1.46%, was followed by a sag all around and then a rise to 1.47% for July, with new declines later to 1.56 May, and 1441 July. Corn and oats were relatively firm influenced by official announcement that the number of cattle in corn-belt per cent fewer than last vear, whereas the farm reserve of corn is 30 per cent less. After opening unchanged to 1 lower, Ma to 1.09%, the corn market | scored an advance, but eased lul(‘rl with wheat. \ Oats started unchanged to 3% up. May 41% to 41%. Later all months until wheat weakness | became pronounced. | Provisions were without aggressive support. WHEAT— Open May a9 September CORN— May July September July _. ... Seytember COTTON QUOTATIONS MOVE BUT LITTLE, i in Week's, Traders Disappointed Weather Reports on Rainfall. By the Associated Press. ] NEW YORK, April 15.—The cotton) market opened steady today at un-| changed pric a’ decline of 5 most positions bein response to easy Liverpool cables and | a renewal of local and southern tell The those report weather map disappointed who had sold on private rain from the Southwest yester- up after the call on trade buj and covering, the latter prome the weekly report of the Bureau, which commented bly on conditions in parts o? Prices advanced to 24.47 for July anc 24 for October before th= end o the first hour, or about 10 to 32 points | above yesterday’s closing quotations New Orleans Quotations. NEW ORLEANS, La., April The cotton market opened steady,| despite Liverpool cables were not as good as due. First trades showed gains of 3 points. Prices soon ad vanced and July !take up all matter ling problems arisir | local | of the | in& the fifth Federal Reser ¢ J s | director lower in!S 15.— | mi traded up to 24.50| AL. RESERVE IIENBERS PLAN COOPERATION Victor B. Deyber Named Chairman of New Commit- tee to Aid Richmond. BY CHAS. P. SHAEFFER Plans o weid a closer relationship between the Fifth Federal Reserve Bank, at Richmond, and the vario member institutions of r were formulated yesterda ering of approximately with officials of the tion As a result of the meeting an ad visory committee consisting of two members from each State in the fifth district and a like number from the District of Columbla was appointed to relevant to bank in this area and to make recommendations as to the solution. While the duties of this committee will be unofficial. the fact that the action was suggested by the Richmond institution indicates thei suggestions will pliay an importa part in the future functions of the Government a 250 member reserve institu Washington Man Honored. To a Washington man fell the of leading the com its fi year, Victor B. De: president the Second National Bank and of t bankers’ association having heen elected perr man of the entire a oard. He ohn Poole { tional Bank Tentative plans of call for a regular meetin some time between April Initial members of the been chosen for one and respectively which, in future, means new group of n named cach year to se terms Sessions dressed by held G ederal mond, and South Carol vesterday George J were Seay, he 3 k of Ri The States compr are Virginia, West Virgini. 3 land, North and South Carol the District of Columbia. Members At Session. Washington mber attendir vesterday’s ses ncluded Vict Devber, p; al Bank:; John Poole and ller, reepectively pres Vvice president of the Feder tio ank: F cashier Wash Vice President Stews of the National Capital Bank: Frank tryker, president of the Columbla Bank Harry president of the Fa Chanics’ National F Hoskinson, vice president Flovd E. Dav coln National of the Ri. this district, nd Bank Examiner Rorebec Stock Sxchange Capital Ti exhibit strer Railway prefer but Gas was lower at 56. C. & 0. Fight Continues. Holders of the min Chesapeake and OF still fighting to bl the company's York, Chicago a proposed Van holc | Nickel Plate the hearing or hefore the ion, but hefore vesterday filed in memorandum of a tuted by George Cole Scott of | ¢chairman of the objecting minorit No statement accompanied the me and October to 24.03, or 18 points was comparatively dry and the week- Iy weather crop report proved much ess favorable than expected. March were surprisingly bullish, show- ing exports of 18,000,000 pounds of yarns and 417,000,000 yarhs of cloth for the month. The weekly weather report claimed rains in the West insufficient and much too dry in the GRAIN AND PROVISIONS. BALTIMORE, Md.. April 15 (Spe- ciall.—Potatoes, per 100 pounds, 1.35; sweet potatoes, barrel, 2.50a6.00; vams, barrel, 4.50a5.50; asparagus, dozen, 2.00a6.50; beans, hamper, 1.75a 2.50; beets, crate, 1.50a2.50; ton, 15.00a18.00; carrots, bu 1.50; caulifiower, crate, cumbers, bushel, crate, 1.50a2.50; eggplants, crate, 3.00 a5.00; lettuce, basket, 1.50a2.00: kale, bushel, 35a50; onions, 100 pounds a4.00; Spring onions, hundred, 1 1.50; peas, hamper, 2.75a4.00; peppers, crate, 3.50a6.50; radishes, basket, 1.25 a2.00; spinach, bushel, 50a75; squas crate, 2.50a4.00; tomatoes, crate, 3.00a £.50. Apples, packed, barrel, 3.00a7.50; bushel, 1.00a Grapefruit, hox. 0a3.50; strawberries, quart, 20a40; oranges, box. 6.25a6.75. Selling Prices at Noon. Wheat—No. 1 red Winter, spot, ex- port, no quotations: No. 2 red Winter, spot domestic, 1.76; No. 2 red Win: ter, garlicky, domestic, 1 Winter, no quotations. Sales—Bag lot of nearby at wharf, at_1.55. Corn—Cob, new, yellow, spot. 6.50a 5 persoharrel: track corn, yellow, No. 2, 1.30. Sales—Bag lot of No. 3 white, 1.10; 1,555 bushels of No. 2 1.20. Oats—No. 2, 54; No. 3, 5213. Rye—Nearby, 1.00a1.10; No. 2 ry spot, 1.21. Hay—Receipts, 17 tons. The local hay market rules steady on the bet- ter grades of timothy and choice light clover, mixed, for which grades of hay there is a falr demand at full quotations. Of the medium and lower grades the supply is more than ample, and there is hardly any demand for poor-grade hay. Quotations today—No. 1 timothy, 19.00a19.50; No. 2 timothy, 16.00a 17.50; No. 1 light clover, mixed, 18.00a 18.50; No. 1 clover, mixed, 17.50a1.00; No. 2 clover, mixed, 16.00a217.00. Straw—No. 1 wheat, 15.00215.50 per ton; . 1 oat, 15.50a16.50; No. 1 straight, rye, 18.50219.00. at ellow at, Raw Sugar Prices Drop to New Low Level for Year By the Associated Press. NEW YORK, April 15.—Raw sugar prices dropped to new low levels for the year today, when sales of the Porto Rican product were reported at 4.46 cents a pound. The decline was due to continued liberal offerings based on the growing belief that the final crop output in Cuba would exceed the earlier forecast of 4,750,000 tons. The weakness of the spot mar- ket brought a sympathetic reac- tion in raw sugar futures, which also broke into new low ground for the year. above the previous. The weather map | British Board of Trade returns for | randum. At the recent called meeti | stockholders of the company in I {mond, a long and bitterly contested iflz)\l ended when a majority of holders expressed approval of posed merger by passing a r lease the Chesapeake and Ohio to th | Nickel Plate. The minority group { sought to restrain the me | ground that the company hac | ter right to grant such a lease their petition was denied by t {court, which ruled, however, tl | 1ease. if passed, should not be sidered legal until the court had r |a minute study of the decisio: rendered a final decision That {cision has not yet been handed dow Freight Traffic Drops. Freight moved for the week ended 60,385 more cars th con- revenue d April 4 requi than were needed during the same week last year, but 9,020 fewer than used during the week ended March 28 this year, the car service division of the merican Railway Association announced to fixing the total for the week at 9 cars. Decreased loadings during the ended April 4 w commodities exc freight and or eek re reported for 1 pt miscellane: Observance of April 1 as a holiday the mining regic was held responsible for decreased coal Icadings. SOEE LIVE POULTRY HIGHER CHICAGO, April 15 higher: fowl. 7 ers, 15; turk 18. —Poultr: 2622 3 London. pound Montreal, dollar. Madrid. Vienna, crown. Budapest, crown Prague, crown Wareaw. 2loty peseta . Copenhagen, crown | Christiana, ' crown. . Stockholm, crown By the Associated Prees. NEW YORK, April —Foreign exchanges steady. Quotations (in United States dollars): Great Britain, demand, 4.781-16; cables, 4.784-16 60-day bills on bank France, demand, .0519%: Italy, demand, .0409 % Belgium, demand, .. 3 demand, .2380. Holland, demand, .3990. Norway, demand, .1615. Sweden, demand, .2693. Denmark, demand .1837. Switzerland, demand, .1932 Spain, demand, .1425. Greece, de- mand, .0180. Poland, demard, .19%. Czechoslovakia, demand, .0296%. Jugo- slavia, demand, .0162. Austria, de- mand, .000014'c. Rumania, demand . _Argentina, demand, .3825 , demand, .1080. Tokio, de- .4234. Shanghai, demand, Montreal, .99 15-16. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.)