Evening Star Newspaper, May 3, 1925, Page 94

FINANCIAL, THE SUNDAY STAR. WASHINGTON, D. C FINANCIAL. NET CHANGES DURING WEEK ON NEW YORK STOCK EXCHANGE Week ending Msy 2, 1925, Not. - ? : Woek ending May 2, 1925, Net. . —1885—— Div. Week ending May 2, 1985, Not. ~—1985— Div. Woek ending May 2, 1925, Not. High. Low. Close. Chge. | High. Low. 3 7 3 High. Low. Close. Chge. Hign. Low. Rate. High. Low. Closs. Chge High. Low. Rate. High. Low. Cless. Chge. AbItibl Power & Paper.. 64% 64% + % | 206 11% Dome Mines. ........ L 14% 13% 18% 5% 3% — Nat Rwys of Mex 1st pf. 5% A% bW 67 56% b5 WabashpfA.... - 63% 6l% 63% + 1% 108 90 6 AdamsExpress. 901 901 + % | 18 on Douglas & Pectin 16 16 16 1 2% Nat Rwysof Mex 2d pf..... 2% 2k 24 19% 15% 1% Waldorf System (new)..... 16% 16t 164 YO tas Atvence maiey 15% 15% + % (142 112 10 Du Pont de Nemours, 146 140 145% + 2% 7 Natlonal Supply........... 68% 621 68% 126 116 Ward Baking ClassA..... 117 118 116 Bdts 3 AR ea RimaEat 52% 52% + 1% | 96 85 6 DuPontdeNem 6%deb.... 97 96 97 % W 16% Nevada Con Copper. .12 1% 12 45% 37w ‘Ward Baking Class B. 38 874 38 38 9 1 RN 104 104 + % [108% 102 B 7 Duquesne Light 1st pf.. 107% 107% 107% + % 123 New Orleans, Tex & Mex.... 123 120% 121% 100% 94% Ward Baking pf 99% 99% 26% & AT ReNHSGOL . 102% 101% — % [114% 104% 4+ 18 Eastman Kodak. 109 108% 108% 63% Newport News Gas & Elec. 63 63 63 127 47% 120 106 West Penn Co (T} 116% 112% 50— Miix Rotbe 13% 12% 18% + % | 244 8% Eaton Axle & Sprij 16% 14% 1415 95 Newport News Gas &EIpf. 95 98% 95 97 874 97 94 West Penn pf.... 96% 95 1 ~ Alaska Juneau 2 2 i == Electric Power & Ltctfs... 281 17% 22% 561 New York All Brake. 444 43 43% Wol117 111% 116% 113% Western Electric pf. 116% 116% 18 7 AR e ) 128 +2 =1 Elec Power & Lt 40% pd... 102 100% 102% 4 L 67% N 'Y Air Brake Cl 53 b2% b62% 16% 8% 17% 11 ‘Western Maryland . 13 13 80 4 Allled Chemical & Dye. 854 Ho|- - Electric Power & Lt full pd 108 101% 103 3 39% New York Canner: .. 874 36 36 (264 16% 26% 16 Western Maryland 2d pf. 19% 19% ] 7 Allied Chemical & Dye pt... 119% 119 119t % 6 Electric Storage Battery.... 64% 62 64% 3 96% New York Canners pf. 96% 96% 964 186% 14% B6 32% Western Pacific...... . 4d% m 5 Al Cho i 8% k Horn Coal 4 » 124% 113% New York Centra 17 14 116% 86% b8 100 84k Western Pacific pf..... 93% 3% 106 erson-Brantingham. .. 137% 120 New York, Chi & St Louls. 126% 126 125 118% 106 135 116% Western Union Teleg 132% 182% 0% Emerson-Brantingham pf. 9 9 9210 88 New York, Chi & StLpf.... 90K 901 90% 11 8 114 w7 Westinghouse Air Br 100 95 52u udicott-Johson. . .. .. . 5 311 18 New York Dock. 28 23% 2% 71% 84 66% Westinghouss Elec & Mfg. 68% 684 - 391 i15 106% A Endicott-Johnson pf... ... 1133 - 67 b2w New York Dock pf. . . .- - 65% 63% 66% —— 14 9% Weston Electric Inst 10% 10% bl 36% 20% 3 Erie Rallroad. i 2 6 101% 100 N Y, Lack & Wn odd lot... 101% 101 101% — —— 23 19% Weston Electric (A)...... 22 22 . gy 2 0% 285 Erie Railroad 15t pf. 3 : . 36% 28 New York, N H & Hart. 31% 317% 17% % 16% 10% Wheeling & Lake Erie. 14% 4% American Bosch Magneto... 40~ 2 e 3 5 2114 N'Y, Ontario & Western 25% 24% 32% 4% 81% 22 Wheeling & Lake Erie pf... 264 264 e can e 8 2 241 18 5 6 443 N Y State Rallway: 40 4 20% 234 31% 26% White Eagle Oil. - 26% 2634 g g g 4 | 34 26% 3 Fairbanks, Morse & Co...... 36 K 2 . 29 Niagara Fis Pwr pt (1X) 28% 2814 724 50% 76 5T% White Motors. . 624 61% American Car & Foundry 9 9 98% 61 Famous Players-Lasky 34 Norfolk Southern. eee 34 30 (3 % 1% el Wickwir Spencer. L % s Pdy (n) 9 1081 8734 Famous Play-Laskey pf. . 134% 123 Northfolk & Western. 132 130% 28 4% 13% bW Wilson & Co - 64 N, Fdy pf. 122% 75 Federal Light & Traction 6 79 Norfolk & Western p! 7% 376% —_—— 4 18 Wilson & Co 20 Am Chain Glass A .- - 24% 6% Federal Mining & Smelt's. ; 2 49 North American a1 4% 2% 11 60 18 Wilson & Copf..... 2 American Chicle. . . 9 2 8% — 3 643 41% Federal Mining & Smelt pt 2 % 49 North American pf. 48% 48% 46 6% 16n 9y e 46 118 Fidelity-Phoenix Fire Ins. 1% Northern Pacific. .. ... 61% 61% 8 614 BN T2 5% 60c Am Druggist Syndicate. 13% 9% Fifth Avenue Bus 100 Nunnally & Co. 9% % 126% 72% 125% 112% o Ol A DIDERIE. 7 — - Fisher Body (new). .. .. 7% Ontarlo Sllver Miniag. . . 5% 8% \81 23% 79 421 S Fisher Body of Ohlo pt 23 Onyx Hostery. ...... 23 5% 68% 764’ 65 e A Fisk Rubber-. . . 29% .80 Orpheum Circuit 2 21% 28% 9% 23% 16 Sl Fisk Rubber Ist pf. . 101 Orpheum Circult pt. 46% 85 b2% 454 o Hide & Leather Fleishmann Company 11815 Otis Elevator (new) JB6% 32 42 33y A fi‘f.‘"& Leather pf 940y g Foundation Company 11% Otis Steel. . 10 872 9% 764 63 I a0 S Lo o 106% 104 Franklin Simon pf. 66% Otis Steel pf. p b6% d 13 7 —— Freeport-Texas. . 507s Owens Bottle . 47 3 ~— Gardner Motor i 501 34% —— Pacific Coast 2d pf. ... 484 General American Tank. 108'4 Pacific Gas & Electric. neral Asphalt. . 10% s Pacific Mall General Asphalt pf. 66% 52 Pacific O1). General Baking. 23%, .20 Packard Motor Car. . Gen Baking pfd 109% Packard Motor Car pf General Clgar. 18% Paige-Detroft. . General Electric. 837 Pan-American Pet Trai General Electric specfal. 63% Pan-Am P Trans Class B. .. General Motors (new). Panhandle s General Motors 6% deb. ... Parish & Bing stamped.. Gen Motors (1) pf.. Park & Tilford. . General Petroleum. Pennock & Ford. . General Refractorie: Penna Coal & Coke. . .. Gimbell Brothers. . Pennsylvania Rairoad. Gimbel Bros pf Penn Seaboard Steel Ginter Company . People's Gas, Chicago. Glidden Company Peorla & Eastern. . Gold Dust . e Pere Marquette. ... -. Goodrich (B F) Company. Philadelphia Company . Goodrich (B F) Copf. Philadelphia Copf. . Goodyear Tire & Rubber pf ~ Phila & Reading C &1 Goodyear Tire & Rub pr pf Phtlip Morris & Co Granby Consolidated. Phillips-Jones. Great Northern pf. Phillips Petroleum Great Northern Ore ctfs. PhoenixHoslery. . .. . Great Western Su, . Phoenix Holsery pf. Great Western Sugar pf. Plerce-Arrow. Greene Cinanea Copper. Plerce-Arrow pf. Guantanamo Sugar..... Plerce-Arrow prior pf. Gulf, Mobiie & Northern . Plerce Ol R Gulf, Mobile & Northern pf Gulf States Steel ceee Plerce Petroleum. Hanna (M. A.) 1st p ——— Pittsburgh Coal. Hartman Corporation 2 9 6 Pittsburgh Coal pf..... 7 MAY 3, 1925—PART 6. 1925 Di. High. Low. Rate. 67 62 4 o 3 " ia 1% % % 1 1% T (EEE S RE L2 “halmers MIg. . s-Chalmers Mfg pf.- - Am Agriculture Chemical feulture Chemical pt an Beet Sugar. . Frdtd b I +4++4+ +4 RI=L L Willys-Overland. . 6% Willys-Overland pf 90% Woolworth (new) -$12: 123% Worthington Pump priss Worthington Pump pf B.. ... 88 Wright Aeronautical 2 20 Wrigley (Wm)... Yellow Cab +4+ 4+ IR s e R R R fl [ =11~ []ws] [ [+e]| | +++ 106% 98 it G o .o 4 FEFYSITS 33 & RIGHTS. % (% - Barnesdall...... : & % % Cuyamel Fruit 2 % 27% 17 —— Public Serv e .. 23 20% 24% 17% Reading Rallwa: . - 18 17% e it 5 415 —— Rossia Insuranccerights.. 5 41 b Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half vearly declarations. Unless otherwise noted, extra or special dividens are not included. t Partly extra. OUTSIDE CORPORATIONS ACTIVE IN D. C. CONSTRUCTION FINANCING n Ice pf . 35% n International . 12% L ance Fire Engine 108 9 9%5Y% 7 -Fr Fire Eng pf 28% American Linseed. . ... 533% 53 313 American Linsced pf 109% 70% 104's +18 Am Locomotive (new). 120% 116% 118% 7 American Locomotive pf. 54 38% 3 American Metal. 3 2 7 Amer Piano pfd | 3 crSeaSexnaon | 864 160 9 121 125 119 98% 8244 85 322 193% 227% 1% 10% 11 _—— 64% 9313 804 8815 103% 954 & 102 45 38% 42 65 31 43 64% 4TH 47 107 99 102% 27% 21 22% 15 8 121 43% 28% 37 88 17 36% 92 70% 90% 39 10814 88% 21% 12% 75 B34 39% 26 967 834 115 106 21% 10 10% 4% 29% 11% 99 50 89% €2 95 87 44% 31 527 324 101% 100% 51%a 484 561 36 38 31 82% 61 1204 118% 46% T4 +4 +++++ B R N N N I 4 American Radlator.... 6 Am Railway Express. — American Republics. 3 American Satety Razor. — Am Ship & Commerce. . American Smelting & Ref Am Smelt & Refining pf. American Steel Foundry American Steel Fdy pt American Sugar Refining. .. 7 Am Sugar Refining pf...... Am Sumatra Tobacco. — Am Sumatra Tobacco pf . Am Telephone & Cable. ... 134% 121% Am Telephone & Teleg. .. 89 821y Amer Tob new)... B1% R Amer Tob B (new) 101 5 Amer Tob pfd........ 106 3 ‘Amer Type Foudries. American Type Fdy pf. 34% 1.20 Amer Water Wks (n). . 6 Am Water W & El par pf.. 3 7 Am Water W. Elec 1st pf.. 100 $100 American Woolen. L 40% 6% 7 American Woolen pf. 9% :u' — Am Writing Paper pf....... i‘» “ American Zinc Lead & S.... T — American Zinc L& Spf. Anaconda Copper LR R e & I+ 411 I3+ Local Companies Perturbed at 30 Per Cent Intrusios: of District Territory— Ailes Boosts Coming +1+ 141 mq-}i Bankers’ Convention. BY CHAS. P. SHAEFFER. many fold. Facts and figures are The irreproachable intrusion of for- | carefully assembled in advance by elgn (out-of-town) financtal institu- | competent committees and presented tions in the field of local construc- | on the floor of the convention, = tion financing is furnishing food for | that those present may get a clear serious thought to not a few \’\'u~hr;""' of the problem and take ington concerns who specialize in | Proper action. first mortgage loans | So serious has been this instrusion | of forelgn capitalists that it is now | ‘“The annual reports of the various estimated at least 30 per cent of the | standing committees, which are pre. $400,000,000 outstanding here in first | sented as a part of the business pro | IREE sS85 28 RRRIEFSEESRS | Pierce Ol pt. Baoa 3 PR R 9 Valuable Reports Made. T+ I E++ 141 +4+ Hayes Wheel . 35 3 Pitts, FtW & Chi 0dd lot. Hayes Wheel pf.. i 107 3 3 2 — Pittsburgh Ter Coal.. Hoe Company......... 6 Pitts Ter Coal pf..... Homestake Mining. +1.20 Pittsburgh Utilities pf. Household Products ——— Pittsburgh & W Virgin! Houston Ol ......... Postum Cereal Hudson Manhattan. . Pressed Steel Car Hudson Man pfd. . Producers & Refine Hudson Motor Car. Producers & Refiners pf. .. . Hupmobile Motor Car Pub Service Eleo & Gas pf. Hydraulic Steel pf. Public Service new Illinots Central. Public Service 8% pf . 110 110% Tilinois Central pf. Puliman Co 181 131 1ilinols Cent leased lines Punta Alegr 2 40 140 Independent Oil & Gas. ... PureOfl......... z 5% 26% Indian Motorcycle Radlo Corp. of America.. 61% 57% 58 t § Indian Motoreycle pf. Radio Corp. of Am. ptd. 50% 61 ™ Indian Refining. Rallway Securities odd lot. 72% T2% 48% 31 Inland Steel. Rallway Steel Springs. . 123 124 107% 101% Inland Steel pf.... Rail'y Steel Spring pf. 116% 116% .33% 224 Inspiration Copper. .. . Rand Mines 384 38% 39% 12% Interboro Rapid Transit. Ray Consolidated Copper. 1% 11% 8% 3 Intern Agriculture.. Reading. 6% 8% 51 38 Int Agricul prior pf..... Reading 1st pf. cees 7% 39 118% 83 Internat'l Bus Machines. . Reading 2d pf....... 89 414 59% 40% International Cement Rels (Robt) 1st ptd. . 63 63 e Internat'l Comb Engine. Remington Typewriter. ... . 6614 3 AL EL LI 4+ I+ 14401410 oo | el e o &P OEES mortgage loans are in the hands of | &ram of these conventions, are al out-of-town interests | wavs of great interest to the Wash First mortgage loans on District | ington banks. These reports repre real estate by firms having character | sent months of labor by the members |and experience, conservative apprais- the committees having them in als, a substantial equity in each indi- | char and congain a wealth of In vidual property, careful supervision | formation as to the various phases of and provision for continuous reduc- | hanking which every bank officer and tion of the loan, have no superior in | director should carefully digest. the investment field | I think the efforts of the general There is a tangible guarantee be- | convention committee to persuade a hind real estate securitles de- | larger number of bank directors to scribed in the previous paragraph.|attend this year's convention s a There are no reorganization groups |commendable one. The director who involving co-operation with other | attends these conventions and listens nor the varfous complica-|to the reports of the committees and elative to the usual foreclos- | the discussion of the various problems ures or reorganization transactions.| under consideration is bound to come Assuming good title originally, the|home with a better understanding of lending corporation can always in-|the work ofsthe officers of his own spect a specific, tangible parcel of | bank, as well as a fuller appreciation property and find comfort in the!of his own responsibilities as a di At —— Archer Dan Midland...... 3 2 Archer Dan Midland pf... 97% 97 E:): E";"z Armour of Tl (A gy 20t ol <o Armour & Co 7% pf. .. . 4 90W 18 i —— Arnold Constable & C : 8% 9 s 128 5 AssoDry Goods. . 188 1824 i 84 6 Associated Dry Goods 1st. 98% 97 Rl bR 101 7 Associated Dry Goods 2nd. 105%3105% e 32 150 Associated Oil (new). : e o 116% 7 Atchison, Topeka & SFe. ... o 9215 5 Atchlson Topeka & S Fe pt 2% 15 5 3~ Atlanta, Birmingham & At. . 162% 112 6 1474 Atlantic Coast Line. . : 28 10% 46 20 Atlantic Gulf & West Ind.. 31% 124 31 Atlantic Gulf & WIpf...... 140% 8% 95% —— Atlantic Refining. . 118 108 113% 7 Atlantic Refining pf. 1% 5 9% —— Atlas Tack. ... 331 18% 23% —— Austin Nichols. 815 115 3 1% —— Auto Knitter Hoslery. 16 1% 13 —— AutoSalespf........ & +l4+ i | L4 l++1+ | | =ooa L+ 1§ +++ 134% 1043 117% 11 8474 £661; 44 95 23% 17% 59 2% 62 14 10 39 445 8% Baldwin Locomotive Baldwin Locomotive pf. Baltimore & Ohio. . . Baltimore & Ohlo pf. Bangor & Aroostock. . Banger Aroonstook pf. Barnsdall, Class A. . Barnsdall, Class B. . — Bayuk Bro: 2.40 Beechnut Packing. 38% —— Bethleher Steel. Pl LI+ ]+t 110% 78 115's 106 15% 6% 4T 26% % 11% 5 5% 60 34% T4% 62% 18% 11% 63 444 19 3 International Har, new Inter Harvipf (new).... Inter Mercantile Marine. Int Mercantile Marine ptf International Nickel. International Nicke! pf International Paper. . Inter Paper pf stamped Int Rys of Cent Am Int Rys of Cent Am pf International Shoe. ... . T s 86 724 1197 91 Remington Typewr 2d pf Replogle Steel ... . oy Republican Iron & Steel. .. Republic Iron & Steel pf.. Reynolds Spring. Reynolds Tobacco, B. ... Reynolds Tobacco, pf. . Rossla_Insuran 484 4.42% Royal Dutch ctfs (N Y)... 42 a9% —— Rutland pf........ St Joseph L. 66 108 3108 13% 42% 86 13 4 121% 93 48% 42% 46% 14 42% 86 134 Td% 121% 9415 50 42% 484 P44 444 44 thought that the worst that can be- fall him will be the acquisition of that particular property in fulfill ment of his debt. Property acquired under foreclosure by the conservative lender can usually be sold later w a profit Beauty Helps Property Values. To this general recommendation local first mortgages on real estate rector. “Another benefit which should not be lost sight of is that derived from the close association with officers and directors of the other banks of Wash- {ngton. These new contacts and new riendships which are formed at the nnual conventions will go far toward | bringing about closer co-operation be | tween all the banks for better and safer banking practices.” A 97 89% 94 7 Bethlehem Steel pfnew..... 95 110% 102 109 8 Bethlehem Steel, 8% pf 9:N fif“ i 33% 3% Briggs Mfg... 3 kel 106 78 124% 1074 120% 8 Brooklyn Edison Electric. L 41% 131 3514 —— Brooklyn-Man Transit 6% 48% 2% 6 82% b66% 754 4 5715 6 StLows-San Francisco 2% T6% 6 St Louis-San Fran pf. . 81 814 143 St Louis Southwestern. A 45U 474 3 70t St Louis Southwestern pf. 0% 1% 0 B2 21% 6215 Savage Arms...... 6415 664 Brooklyn-Man Transit pf. 8 € kein 17% 3 1081 Schulte Stores. ... 108% 109% Brooklyn Unior: Gas. 59% 6l% Kansas City Southern pt. ’ 110 Schulte Retail Stores pf.. 1111 110 111% 76% 39 645 4 Brown Shoes... . U 1 " Kansas & Guif............ 20% Seaboard Alr Line. ... 2T% 24% 26% 99% 84 96 7 Brown Shoe pf . 38% 16% Kayser tJulius) & Co 35 Seaboard Air Line pf. 45 401 43% e e 324 3.60 Brunswick-Balke. .. > €35 9% Kelly Springfield Tires. 147% Sears-Roebuck. ... 165% 153 164 66'% 40 48 —— Buffalo, Roch & Pitts....... 5 78% 40 Kelly Springfd Tire 1st pf. 5% Shattuck Arizona. 6% 6 8% 66 40 4 Buff Roch & Pitts odd lot.. b 88 83 Kelly-Springfield Tire pf. 40t Shattuck (Frank G) . 81 49 51 87% 70% 9 % 6 Buffalo Roch & Pitts pfd.. 987 2% a0k 78 Kelsey Wheel. 404 Shell Trading & Transport 411 40% 41% 8T 7T0% 6 Buff Roch & Pitt pf odd lot 7% 34% Kennecott Copper 2 221 Shell Union Oll. . . 2% 28% 24% 85 7 Buffalo & Susquehanna. % 1 Eoritons The & Tabtes. 2 2 5 5934 Shell Union Oil pf. 101 $100% 101 95 10 Burns Brothers . 86% 524 Kinhey (GRY. . ooiavans 5 E 31% Stmmons Company 85% 35 354 29 19% 2 Burns Brothers Class B. 476% 2874 Kreage (8 8) Company 3 3 100% Stmmons pf.. 102% 102% 102% 6715 62% 5 3 Burroughs Adding Ma. 9 114 110 Kresge (S S) pf. i 3 31, 19% Simmas Petroleum. 28% 224 23 73 86 5 Bush Terminal. o 108 1105 62% 421 Kresge Dept Store w 17 Sinclair Con Oil.... 19% 18% 19% 4% 50c Butte Copper & Zinc. . . 5% 5% 30% 25 MG aanales o : 78% Sinclair Con Oll pf 83 83 183 $1 50c Butte & Superior. . 10% 9% 96% 91 Kuppenheimer pt. Fiir 21% Skelly Oil 5 25 23 25 — Butterick Company 18 1% 13 79 Laclede Gas. g 80% Sloss-Sheffleld Stl & Tron. 83 81 814 4 Caddo Central Oil Ref..... % % (7% 8 Lee Rubber & Tire 3 923 Sloss-Sheffleld S& Ipf...... 9214 921 9214 100% 6 California Packing. . - 105% 104 8% 89% Lehigh Valley . 62 Soutn Porto Rico Sugar 67 66% 67 23% 1% California Petroleum (new). 29% 28% 68% 50 Liggett & Myers. 99% South Porto Rico Sugar pf 105 108 103 100 7 California Petroleum pf.... 113 Z 681 48% Liggett & Myers (B) 98% Southern Pacific . 104 1021 102% 2% —— Callahan Zinc & Lead. - 121 116% Liggett & Myers pf. TT% Southern Rallway. 95 87% 94% 2 Calumet & Arizona. . V71 66 Lima Locomotive. ... 83 Southern Railway pf. . 8T% 85 878 Hecla . - . €25 164 Loew's, Incorporated. ... 99% Spalding 1st pf.......... 9915 991 9913 uthern odd lot Y 8% 5% Loft, Incorporated....... 16% Spicer Manufacturing. 19% 18% 18% z Long-Bell Lumber A. 92 Spicer Mfg pf. .. . 9Th 9% 95 Loose-Wiles Biscuit 0% Standard Gas & Electric..... 47% 45 47 Lorillard, P z 50% Standard Gas & Elecpf.... 521 52 521 Loulslana Oil 56% Standard Oil of California.. 53 58% Louisville & Nashville 38% Standard Ofl of N J. 42% 40K 41% Ludlum Steel. S 116% Standard Ofl of N J pi 18 18 McCrory Stores B 10 Standard Plate Glass. 125 125 McCrory Stores pf...... 70 Standard Plate Glass pf... 70 70 Mclntyre Porcupine Mines 621 Sterling Product: 634 631 Mackay Cos. . 7% 55 Stewart Warner Speed. 69 Mackay Cos pf 46% 414 Studebaker. . 5% Mack Trucks. 114% 112 Studebaker pf. Mack Trucks 1st pf. 12 8% Submarine Boat. . Mack Truck 2d pf. 4 9 614 4 Superior O1l. Macy (R H) & Co. 4% 19% Superior Steel. Macy (R H) & Co pf. 11% 6% Sweets Co of America. Magma Copper. 19 10% Symington. . Z Mallinson & Co. 23% 20% Symington (A). Mallinson & Co pf. 15 1% Telautograph Cp. . 3 Manati Sugar. 4 9% TH Tennessee Copper & Chem. Manati Sugar pf. " i 49 42% Texas Company. Manhattan Elec Supply. 97% Texas Gult Sulphur. ... Manhattan Elevated gtd. 43% Texas & Pacific. . 4 Manhattan Shirt " 23% 11% Texas & Pacific Coal . 15% Manila Electric. 310 255 Tex & Pac Land Tr odd lot. 295 Maracaibo Ofl. - % 7% Third Avenue. . 10 Market Street Raflway 122 Tide Water Oil 136% Market St Raflway pr pf. 37% Timken Roller Bear. 424 Marland Oil & Refining 70 Tobacco Products. 76 Marlin-Rockwell. 98% Tobacco Products Ci 9914 Martin-Parry. 3% Transcontinental Oil 4 Mathieson Alkali. 25% Transue & Williams. Maxwell Motor, Class A. 58 Twin City Rapid Transit. Maxwell Motor, Class B. 38% ‘Underwood Typewriter. Max Mot Betf. ... 36 Union Bag & Paper. May Department Stores. 36% Union Oil of Calit y Metro Goldwyn Pic pfd... 133% Unlon Pacific. . 3% - Metropolitan Edison pf. 3% Union Pacific pf. Mexican Seaboard. 118% Union Tank Car. Miami Copper. 118% Union Tank Car pf . % |Financial Highlights of Past Week Mia-Continent o 84 o et S S -1 | Brought Out in Nutshell by Statistics Middle States Oil. 110% % — 8 |Special Dispatch to The Star. Midland Stl Pr pfd (8)... 52 Minneapolis & St Lnew . 204% 3 e — 243 NEW YORK, May 2.— United Railway Inveat. b Minneapolis StP & SSM p!: 18% i) Mo Kan & Texas new ;8% gnsltced lt‘]‘""?’l In‘:n pt. - 2% ”i;":ns w ll‘eok“ Hi;‘:fl "fi\ Mo Kan & Texas pf new. 131% ‘ast Irqn Plpe & Fdy. +12¢ A ch. igh. w. Misons Eactie. . 10015 USCastIr IMP. Yois i g ”V: Stocks (average of 50 issues) ks 208 105.24 107.05 105.93 Missouri Pacifis pf... ggw ggglg:bumfiorp‘n... Bonds (average of 40 issues) Thissvz‘g k. Last. week. Montana Power. oftman ine sues). . e e g $ Montana Power pf. 6 U 8 Industrial Alcohol f 31 | Foreign bonds (average of 10 issues) . .. 101.61 Montgomery Ward. 105 U s Industrial Alcohol pf.. 14 A edrraticseitys Tati) - TR T ek Tt o g % | Money rates in New York " ek Sankaih Call. teeees P 31 to 4% 3% to 435 Time . e 3% to 4 3% to4 onth of Month of 1925 A » Unfilled steel orders e §4,771 “%&bi’i—fi Pig iron production 114,791 Bullding permits: 5 s Number of cities ........ g 356 365 356 Amount 298,534,306 28,926 2 Commercial failures £ b e Number .. ... Lipaler 1,859 1,793 1,817 Liabilities . $34,004731 23,017 $54,354,083 Revenue car loadings: Week Api Year ago, All_ commodities .. 9 876,916 Grain and grain products . 31,693 36,794 Coal and coke ......... 145,319 135,703 Forest products . % 1109 76,162 have the added enhancement created by the city’s unparalleled beauty mak- ing it a choice residential district; i prestige as the Capital of the great- est and richest Nation on earth.| vesterday Property values, zlways rising, have | already are coming in at a rapid rate failed to depreciate as so long pre- | from bank officers and directors who dicted; conversely, they continue to|want to be sure of procuring ac mount. 4 commodations. There appears to be The local banking fraternity, as little doubt that the maximum capac- well, would weicome a curtailment of | ity provided for—200—will be utilized. the influx of out-of-town capital; | The Washington bankers, together especially at present. It would pro- | with their wives and friends, will vide them with a ready and profita- | leave Union Station Wedn y eve- ble outlet for the superfluity of un- | ning, June 24, at 9:30 on a special all- employed funds which in many cases | Pullman train, arriving at Hot Is resulting in a direct loss to the | Springs at 7 the following morning. Institution carrying same. The return trip will be made Sunday Conservative first mortgages are | night, June 28, arriving here Monday attractive for the simple reason they | morning. The program for the busi- are conservative. Statistics just made | ness sessions promises to be of un- public by the Mortgage Bond and|usual interest. while a number of Guaranty Corporation, which deals| novel entertainment features are exclusively in this class of security, | being arranged. \ show loans made amounting to only| All reservations should be sent to 49.9 per cent of the appraised pro B. A. Bowles, chairman of the trans- erty value. There have been no fore- | portation committee, care of the Po- closures. These figures cover the|tomac Savings Bank, Georgetown functions of the company since in- ——— FOREIGN EXCHANGE. ception, up to and including the, close By the Associated Press. of business, April 30. i Alles i ikl Boosts Convention. | NEW YORK, May 2.—Forelgn ex- It is highly desirable that as many | change steady: quotations, in cents of the officers and directors of the|Great Britain, demand, 484%; cables, Washington banks attend the forth- |4841;; 60-day bills on banks, 480%; goming annual convention of the|France, demand, 5.23%: cables, District of Columbia Bankers' Asso- |5.241,; Italy, demand, 4.11: cables, clatlon, as can be conveniently spared [4.11%; Belgium, demand, 5.07; Ger- from their respective institutions,” | many, demany, 23.80; Holland, de- said Milton E. Ailes, president of lmand. 40.10; Norway, demand, 16.61; Riggs National Bank, vesterday in |Sweden, demand, 2 Denmark, discussing the benefits which the |demand, 18.71; Switzerland, demand: banking fraternity here derives from [19.34%: Spain, demand, 14.55: Greece, these annual gatherings. demand, 1.85; Poland, demand, 19%; Before the first annual convention | Czechoslovakia, demand, = 2.96% of the Washington bankers was held,” | Jugoslavia, demand, 1.61%; Austria, continued Mr. Alles, “there may have |demand, .0014%4; Rumania, demand, been some reason for doubt as to the |.46% Argentina, demand, 38.62; justification for devoting the time and | Brazil, demand, 10.70; Tokio, demar. undergoing the expense involved, but |42%4; Shanghal, demand, today, in the light of the actual re- |treal, 100 1-32. sults accomplished at the first con- ventlon, which was held at Deer Park some six years ago, and subsequen 1% | gatherings, there can be no doubt n.: i’fi to the real benefits which accrue. - ; ““The programs for the business ses- slons are carefully prepared o as to cover the most vital problems that|cents on the 7 per cent cumi 2 % |lconfront the banks, and with the | preferred. It l.spyayable Ma;f hzm:: 13 | Breat business expansion in the Na- | holders of record April 21. At the 1 |Honal Capital during recent years,| close of 1924 accumulations on the 3 | these problems have been muliiplied | prefeired amounted to $46 a share. Many Reservations Taken. W. J. Waller, chairman of the gen- nvention committee, reported that advance reservations Inter Telephone & Teleg. Towa Central cece Jewel Tea pf. Il l+44+++ bttt tttt I+ 44 44+ FERFaes |+ FH 4 avaR BN 13 o 3 & | | T4 4ttt t+ |+ttt ++++ [+ +41 I +++++ I+ ++ e FREES FEEE 84 50 40% 33% 109 87% 38w 17 Century Ribbon Mills. z 106% 86 Cent Ribbon Mills pf..... 96 106 100 Cerro de Pasco Copper . 18% 14% —' Certain-Teed Products 119 107 Cortin-Teed Prod 1st pf. . 6 644 Chandler Motor. . e o Chesapeake & Ohlo 1076 0% — Chicago & Alton. 101% 87 - Chicago & Alton pf... 1% 59 — Chicago & East Illinols. 236 111% 40 —— Chi & Eastern Illinois pf. R455% 264 Chicago & Great Western. % 18 19% —— Chicago & Great Western pf. 9 8w 3% —— Chi, Milwaukee & St Pau. €9% 45 7 —— Chi, Milwaukee & St P pf. 87 78 47% 4 Chicago & Northwestern. 49% 33% 101% 7 Chicago & Northwest pf 51% 304 80's 5 Chicago Pneumatic Tool “ 2614 40% —— Chicago, R I & Pacific. 835 o 6 Chi, R1& Pacific 6% 3T 245 Chicago R I & Pacific 7% 18% 6% Chicago. Paul Min &O.. 71% 41 497% 1$2.40Childs Company .. 2 29 30% ° 2% Chiie Copper. . 17% 8 Chino Copper S9 ST lev. & Pittsburgh odd lot. 58% 29% Cluett-P’eabody 841 38 Cluett-Peabody pf..... 395 10% Coca-Cola. . “ee Colorado Fuel & Tron. 115 Colorado Southern. Colorado Southern 1st pf. Colo & Southern 2d ptd.. Columbia Gas (new) . . Columbia Gas & Elec pf Columbia Carbon. i 47 Comnmercial Solvents, A. 814 Commereial Solvents, B. 81 Congoleum-Nairn 25 Conley Tin Foil (sta). Consolidated Cigar Consolidated Cigar pf. . - Consolidated Distributors. Consolidated Gas new. Consolidated Textile €9% 431 Continental Can. 5 + 1% (110 1081 114 1041 4 Continental Can p! 8% 21% 89% 2 108 Contlnental Insurance 2% 171 6 q Continental Motors. ... . -| 78% 7618 315 “orn Products Refining. % 6 21 6 3 C Carpet. 48 y 4 Crucible Steel. 5 8% 9 86 2% Crucible Steel pf. 9% 29% 28% 334 2 Cuban-Amcrican Sugar 28% — x5 10% ~——~ Cuba Can Sugar % 2 -~ 204 96% 53% 62 E Cuba Cane Sugar 104% 98% 4% 9 Cuban-Dominican Sugar. 4 % 10% 3% 38 5 Cuba-Dominican Sugar pf. e sos. 56% 1 2 Cushman’s Sons (3) 0% 44 46'% Cuyamel Frui 100% 91% 6 Daniel Boone Mills w44% 804 38% g Davison Chemical. S 36% 61% Deere & Co pf. 101 92% 104% Delaware & Hudson et i 110% Delaware, Lacka & West. .. 54 80% 4215 Den, Rio Gr. & West pf.. T44% 18% 102% 116 Detroiz Edison. . 8 67 — ~— Dodge Bros pf w i - 169% 125% Case (J 1) Thresh Macl - Case Threshing Mach pf. Central Leather Co. . Central Leather Co pf. P41+t I+ +++ Foo e~ 3 ++++ 11+ | lu[ [q.m...,| .n-waan]-nalmenm@u&lm |+ B 3 R e R R S IRPS o FIRST DIVIDEND VOTED. NEW YORK, May 2.—The first divi- dend pajgl by the Hale & Kilburn Cor- poration since its incorporation in 1876 was declared today, a payment of 50 T4 I+ttt + I+ 114+ttt 1 ++] I+t L4+ ++ []]=8] ||| 8gomann]on|aaanams Jone]asia] [ =] o 3 - 3 4ottt - FTrS-in ettt I Moon Motors. ..... 4 Morris & Essex odd lot. ... Mother Lode Coalition. ... Motor Wheel. < Mullins Bods . Munsingwear. . Murray Bod, Nash Motors| — Nash Motors pf Class A. National Acme. National Biscuit 82 National Cloak & Suit. ... 41% National Cloak & Suit pf. 26 Nat Dalry Products 60 . Nat Department Sto; 2% Virginta-Carolina Chem Nat Dept Stores 1st pf. 1 —— Va-Carolina Chemical B National Distillers 8% —— Va-Car Chemical pf. ... Natlonai Distillers pf 64% — Virginia Railway & Power Nat Enamel & Stamping. 7% —— V Vivadou Inc...... Nagi Stamp pf. 70 1 Vulcan Detinning pf. Miscellaneous products . &3 359,715 334,960 t 19% —— Wabash. wee Ore .... 20.64;3 16,68 # R 30,112 .,.g] 114% 122% 33% 92% 30 44 112% 122% 261 66% U S Realty & Improvm’t pt “United States Rubber. U S Rubber 1et pf. U S Smelting & Ref... U S Smelting & Ref pf. United States Steel. . United States Steel pf. . Uriversal Pipe. .. . Univsl Pipe & Rad pt (7) Utah Copper. . Utah Securities . ‘Vanadium Corporation. Van Raalte 1st pf. o s jasiele el =)o =] I3 e =a =8 T4t (444 I+ 4+ htttttt 4 I+ttt |+t + ] EEFEEE F# ) 8 S arhAawe [ Se Sl sl i Buag [l [ea e || |5g=g & + 1 q||]q|n....m]q Pldtd 4+ [REX °#3; _E L4+ A TR+ bttt -