Evening Star Newspaper, May 14, 1925, Page 28

28 * REALEING SALES SLOW UP STOGKS Copper Shares Gain—0ils Are Confused—Rail Issues Show Less Strength. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, May 14.—As has been the case for the last week or more, the market today displayed great irregu larity in the movements of individual stocks. Copper shares were strong for a time, and so were some of the oils and one or two of the rails. But in the afternoon realizing sales were heavy enough in the greater part of the list to bring about some reaction. The re-establishment of Marland Oil on a dividend basis at the annual rate of $3 had evidently been discounted The stock soid off in the later trad- ing. Pacific Oil was strong for a while, getting well up to 60, and there was talk of a dividend increase. But it, too, slipped off with the rest of the market. Independent Oil and Gas was bought on favorable earnings reports. Kven at the present level of oil prices it was estimated that net profits were running at the rate of $8 a share Rail Merger Gossip. For vears a merger of Wheeling and Lake Erie with other properties has been discussed. The only difference between the new rumors.dnd the old is that they associate the road with a different set. The talk accompanying the rise in the preferred shares today 10 31 and in the common well above 16 was that powerful financial inter- ests were buying into these stocks and that Wheeling would wind up in a new system along with Delaware and Hud son, Buffalo, Rochester and Pitts burgh, and the proposed new Harri- man line across Pennsylvania Copper Shares Strong. The rise in the coppers, which car- ried Kennecott across 50 and brought about gains of a half point to a point in Anaconda, Cerro de Pasco and the others, was inspired by the publica- tien of the April figures on copper production showing a considerable falling off as compared with March. American Smelting rose nearly 2 points, and Butte and Superior at one stage was up over 113 points. Ray Consolidated was helped by the state- ment for the first quarter, which showed a net of $1,198,388, against £343.619 last year. This, however, in- ludes the income from Chino, which did not figure in the Ray statement of the first three months of 1924. Mercantile Marine. A poor report for 1924 is expected to be published within 10 days by the International Mercantile Marine Co.. according to current Wall Street gos- sip. After allowing for depreciation, it is understood that interest charges for the 12 months were not fully cov- ered. In 1923 Mercantile Marine re- ported a deficit of $2.551,728, and the profit and loss surplus at that time hed been reduced to $24.426,721. The rise in California Packing was based upon the report that at the next directors’ meeting a_stock divi- dende would be voted. This notion was discredited in some quarters even while the stock today was reaching new high prices. The com- pany’s recent earnings statement, however, showed a good sized margin over dividend requirements. CLOSE IS IRREGULAR. Selling Orders Predominate in Last Hour Sales. NEW YORK, May 14 (A.P..—Pro- fessional operators encountered stiffer resistance in their campaign for higher prices in today’s stock market, which was subjected to selling of standard shares in which large profits had accumulated. Pool operations were successfully extended into new fields, notably the copper and food i Sales approximated 1,250,000 shares. The closing was irregular. Selected stocks, including Du_Pont, United States Cast Iron Pipe, Universal Pipe, Stromberg Carburetor and Ginter, were bid up 3 points in the final hour, but selling orders predominated elsewhere. particularly in the railroad list. Markets at a Glance NEW YORK: _Stocks—Irregular; coppers active and strong. Bonds— Firm: foreign bonds at new high rec- ord. Forelgn exchanges—Steady: ster- ling firm around $4.85. Cotton—High- ! er: bullish appearance April consump- tion report. Sugar—Easy; lower spot market. Coffee—Lower; commission house selling. CHICAGO: Wheat—Strong; prices lly 2 to 7 cents a bushel. Corn— eady; sympathy with wheat. Cattle —Lo large receipts. Hogs—Weak; -shipping demand very light. SHORT-TERM SECURITIES. (Quotations furnishec by Redmond & Co.) —Noon. Adirond. P. & L. C Alum. Co. of Amer American Sugar 63 timore & Ohio_6s 1030 thiehem Steel 5s 1936 .. Central of Georgia 6s 1029 Chi., Mil. & St. Paul @8 1 Chil R.1. & Pac. b4 City’ of Lyons 65 1954 _ehigh_Pow M. StLP.&S Morris & Co. 30 New York Central s 19: 55255555550552550255 323 2533253 Westinghouse E.& GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Bid Asiced. Ger Gt (w In) 54 1914-18 1400.00 Hamburg Amer Line 4158 North German Lloyd 4138 North German Lioyd.... Prussian Consols 3% - - + a-M 48 D Munich 4s pre-war Badische Anilin .. .10 A E G (Ger Ge Elec) . .. Commerz and Privat Bk. Disconto Gelischaft resdner Bank. Deutache Bank | Darmstaedter Banl Mercur Bank Vienn TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) n—— Bid 100 09 33333 3133 EBDOm RS D DI 33323333233 2333 FINANCIAL Abitibl Pow (4). Adams Exp (6). Adv Rumley.... Alr Reduct (4).. Ajax Rubber, Allied Chem (4). Allls Chalm (8). Am Agricul Chm Am Ag Chm pt. . Am Beet Sug (4) Am Bonch. ... Am Can i T Am C&Fdy (n).. Am Chain A (2). E cle ctfs. . Am Drug (60c). Am & For Pow. Am & Fr P ot (1) Am & F P 25% pa Am Hide & Lea. Am Hide & L pt. AmIce (7)., Am Internatl. Am La Fran (1) Am LaFra pf (7) Am Linsd pf 33 Am Laco (118) Am Metal (3). .. Am Ship & Com. Am Stl Fdys (8) Am Stl Fy pe (7). Am Sucar. Am Sugar pt (7) Am Sumatra. ... Am Sumatra pf.. Am T & Cab (5). Am T & Tel (9).. Am Tobacco (7). Am Tobac B (7). Am WW&ZI 30c. Am W W pt (6). Am Woolen. .. Am Wool pt (7). Am Zinc.... Armour Il A(2). Artloom Corpn. . Artloom pf (7). Asso Dry G (5).. Asso D G 1st (6). Asso DG 2d (7). Ase0 O1l (1%)... AtT&SFe (7 AtGuitf& WI... At Guif & WIpt. Atlantic Refin. .. Atlas Powdr(4) Atlas Tack Austin-Nic . Austin Nic pf (7) Auto Knitter. .. Baldwin L (7) Bald Loco pf ( Eal & Ohlo (6).. Bal & Oh pf (4). Bang & A~ (3) Earnsdall A. Barnesdall rts. .. Bethlehem Steel Eeth Stl of (7) Booth Fisheries. Brizgs M{g(31%) Bkl Edison (8).. Bkl-Man Tran.. Bkl Unlon G (4). Erow= Shoe (4). Broww Sh pf (7). B'wick-B C(3.60) *Buff Rch& P... Burns Br B (2).. Bur Add Ma (3). Bush Term (5).. Bush Terml (n). Bush Term! deb Bush Trm pt (7). Eutte Cop (60c). Butte & Su(50c). Butterick Cu. ... Caddo Central. . Cal Packing(6). Cal Pere (1%)... Callf Pet pf (7).. Callahan Zinc. .. Calu & Aris (2). Calumet & H 50c *Canada Sou (3). Can Pacific (10). Caro Clinchfield. Century RIb (2). Cero d Pasco (4) Certain-Teed. .. Chand Mot (3). Ches & Ohio (4). Chi & Alton. Chi & Alton pf. Chl & East Ill. Chi & Est 111 pf. Chi Great West. Chi Gr West pt.. ChiMUIL&StP... Chi Mil & SP pt. Chi & Nwn (4) ChiR1& Pac. CRI&PDI (6). Childs (12.40). Chile Cop (2% Chino Copper. Coca-Cola (7)... Colo Fuel & Iron Colo Southern. .. Col G & E (2.60). Col G& E pf (7). Congol-Nrn (3). Consol Cigar.... Con Cigar pf (7). Con Distributrs. Consol Gas (5) Consol Textil Cont Can (4) Cont Insur (6) Cont Mot (80c) Cran Prod (2)... Crucible Stl (4). Cubwm Sug (3). Cuban Cane Sug. Cuo Cane Su pt Cushmans (3)... Cuyamel Fr (4). Davison Chem Del & Hud ( Del L&Wn (17). Dodge Bros pf. .. Doug Pectin (1). Dul S8 & Atlan. Dul SS & Atl pt. Dupont (10)..... Duquesne pf (7). Eastman (18). Eaton Axl Elec Power ctfs. EIlP & Lt 40% pd ElecP& Ltfpd. Elec Str Bat (4) Emmerson Brat. Emmerson B pf. End-John (6)... Erle.... Erie 18t pf.... Erie2d pf....... Eseex 1st of (7). Fairbks (2. Famous Pl (8)... Fed Lt & P (n) Fed Lt & T (7). Fed Mines pf (1) F1d Fhoenix (§). Fisher Body (5). Fisk Rubber.... F Foundation(8).. Freeport Texas Gardner Motor Gen Asphalt. . Gen Baking (9). Gen Cigar (8)... Gen Electric (8) Gen El spl (600). Gen Mot pf (1) Gen Petrol (2} Ginter Co (1% Glidden Co. Goodrich Goodyear pt (7). Granby Consol. . Grt North pf (6). Gt Nor Ore (1).. Grt Watn Su (3). Greene Canan. Open. High. 1 67 92% 18% Ad Rumley pf (8. 68 Ahumada Ld (1) 11% 48 Am Radiator (4) 98% 114 Am Sm & Ref (6] 93% AmS& Rpf (7). 107% ischmann (4) % Gen Motors (). 9% Gdyear prior (8) 108% 14% 634 29 Ui 12! Low. 67 9 THE EVENING STAR, WASHINGTON, D. C,. THURSDAY, MAY 14, 1925. Guantanam Gulf Mo & Nor. Gulf St Steel (5) . Hanna 1st (7). Hartman (2%).. Ha; Wheel (3) Helm G W (3). Hoe & Co A (4) Homestake (17). House'd Prod (3) | Houston OIl.... Hudson Mn (%) Hudson Mot (3). Hupp Mot {1)... Illinols Cent (7). Independ Ofl (1) Inland Stl (2%). Inspiration Cop. Int Cement (4).. Int Com Eng (2). Internst Har (5) Int Mer Marine. . Int Mer Mar pf. Int Nickel. Int Paper. Int Pap pf st (6) Int Ry Cent Am. Int Shoe (5). ... Int Shoe pf (8). . Int Tel & Tel (6) Jewel Tea....... Jewel Te pf (7). Jones Bros Tea. Jones & Lau (7). Jordan Mot (3). Kansas & Gulf. . Kan City South Kan C So pf (4). r (Juliu Kayser 1st pf(7) Kelly-Spring. . Kennecott (3). . Keystone T & R. Kinney G R (1).. Kresge Dep Str. Lee Rub & Tire. Lehizh Val (3%) Glggett & M(14). Lig & My B (14). Lima Loco (4).. Loews Inc (2), Loose-Wile Lorrillard (3). Louisiana Oil. .. Ludlum (2) McCro B (1.60) Mack Trcks (8). Mack T 18t (7).. Macy HR & Co. Magma Copper.. % | Maliinson & Co. 82% W% 214 107% 107% 29 39% 61 61% 62% 63 107% 107% 25% 26 3% 85% 88 88 5 83% 3% €5% 113w 10 10% 34% 35% 67% 68 29% 29% 12 12y 51% @52y 70 74 3% b3% 32% 823 147% 149 134% 184% 118% 1184 25 254 6% 17 18% 18% 2% 8% 5% LY 148 152% 109% 109% 109 109% 5 83% 3 66% 11 104% 104% 106% 106% 3% 63% 2% 4% B4y 99 100 82% 3214 161% 161% 54 65 166 1704 67 67 1o% 15% 9% 9% 652 52 140% 140% 80% Manati (5)... Man E md g (5). Man Shirt (1%). Manila Electric. M aibo OMl. . Market Street. . Market St pf.... Market St prior. Market St 2d pf. Marland OIl. Martin-Pry (4). Mathieson Alks. Maxwell (B).... Maxwell (B) ctfs May Dept 8t (5). Metro G pf (1.89) Mexican Seabd Miami Cop (1) Mid-Continent Middle States. Midind Pr pt (8 Minn & St Louls | Mis Kau & Tex.. MK&Tpt(5).. Missourl Pacifia. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3) Mother Lode 75c Motor Whi(76c). Mullins Body... Murray (2.40) t Acme (sta). at Biscuit (3).. Nat Cloak (4). .. Nat Cl & 8 pf (7) Nat Dairy (3).. Nat Dpt Stores Vat Distiliers. . N Y Canners (2). N ¥ Central (). NY C&StL (6).. NYC&StL pf (6). NY NH & Hart.. NYOn & Wn (1) Rys part ctfs ¥ tys pf tr efs Norf & West (7) North Am (3.40) North Am pf (3). North Pac (§) Nunnally (1 Onyx Hos pf (7). Otix Elevator ( Otls Ste Otis Steel pf. ... Owens Bot (3).. Pacific Mafs. ... PacificOll (2)... Packard (+1%). Packard pf (7).. Paige Mot (1.20). Pan-Amer (6).. Pan-Amer B (6) Pennock & Ford. Penn C & Cke. .. Pennsy R R (8). Penn Seab Steel. Pere Marq (4).. Pere Mar pf (5). Pere M prior (5) Phta Co (4) Phila& RC&T. Phillip Morria. . Phillips Pet (2). Plerce-Arrow. .. Pierce-Arrow pf Plerce-A prior § Plerce Oil. . Plerce Petrol Pitts Coal...... Pitts Stl pf (7). Pitts Ut pf $1.20. Pitts Ut ctfs 1.20 Pitts & West Va. Postum-Cer (4). Prod & Refiners. Pub Ser NJ (5). Pub SNJ pf (8). Pullman Co (8). Punta Al Su (5). Pure Oll (1%).. Pure Oil pf (8) .. Radio Corp of A. Radio C pf (3%) | Ry St Spg (8).. Reading 2) Reading 2d (2) | Reis Robt 1st p Remington Typs Replogle Steel. . Rep Ir & Steel. . Rep1& Spt (7). Reynolds Sp (1). Rey Tob B (3)... Rossia Insrts.. . Roy Duth 4.42%. St Joseph 1d () StL&San F (5) StL SanF pf (6). St L Southwest. Savage Arms... Schulte (*8).... | Seaboard Air L.. Seabd Alr Lipt.. Seagrave Corpn. Sears-Roebk (6) Shattuck-Aris. . Shattuck FG (2). | Shell Un (1.40).. | Simmbns Co (2). Simms Pet (1).. 20% | sinclair Ofl..... 273% 2734 1% 114 4% T6% 108% 106% 103% 103% 14% 15% 62% 62% 28% 28% Y% Hw 124 .13 ; Skelly Ol1 | Sloss-Sheft South Pac ( South Port 8 Southern Ry (8) South Ry pf (! Mtg. Spi i Spicer pf (8).... Std Gas & El (3) Std G & E1pt (4) Stand Mill (5)... St Ol Calit (3). StONNJ (1)... StOil NJpf (). Std Plate Glass. Open. High. 5 5 30% 80% 80 61 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Close. 3 30% 9 a1% 28% 71 87% 874 104% 20% 16% 8% 8% % Ll 108 2% 33% 81% 354 78 Tek% b51% 27% 7 19% 17% 36 544 6614 72% 101% 527 41 33 65 624 124 23, 854 118% 124 o1% 31% 24 280 10% 107 31 129% 48'% 48% 60% 9 26 1134% 38% 164 15% 4% 6714 114% 70% 111% 135% 40% 284 104% 52% 501 4 125 4 118% Rt ) 124% 8% 184 374 41 66 63 144 43% & 80% ki} 61 304 n LI) a0 4" 41% 28% 78 88 874 104% 20% 16% 9 28% % 106 3 844 82 854 8% TT% 524 L% 19% 1744 36 54 66% 734 101% 53 a 33 3 6214 126 528 354 "7 124 o1x 82 26% 290 10% 107 31% 129% 4% 49 61% 9 86 113y 387% 15% NEW HGHLEVELS INLIERTY BONDS First and Fourth Issues Go Forward—Rails Are Ir- regular Today. BY GEORGE T. HUGHES. Special Dispateh to The Star. ‘ NEW YORK, May 14.—Foreign bonds were the leaders in today’'s mar- ket, especlally the French, where the buying was stimulated by reports of an approaching settlement of the French war debt to the United States. The 7%s crossed 99 as against their of 93 in April. ench rallway issues -were strong, Paris, Lyons and Mediterranean issues gaining about a point. Other Issues Strong. The better feeling extended to other foreign issues, including the Austrian 78, which at 98 were at a new high for the year, Czechoslovak 8s, both maturities of ‘which sold again at par, and Jugoslav 8s, which were frac: tionally higher, and the German Ts, which were firm around 95. A speclal case was the new high record in_Copenhagen 5%s. On July 1 next, $750,000 par value of these Copenhagen bonds are to be called for redemption at 100 by lot. Today's tuying was evidently in anticipation of this drawing. In the South American group the feature was the rush of buying of Brazil 8s, carrying the price to a new top for this year. New Records in U. S. Bonds. New high records were made again in the U. S. Government bond list. The issues which sold above their previous best price for the year were the first 413 Libertys and the fourth 4%s. There was little change in the high-grade rails, but among those of second grade there was heavy buying of B. & O. issues, especially the re- funding 6s of 1995 and the refunding 5s secured under the same mortgage. New tops for both were recorded. Sugar bonds were generally higher, eastern Cuba Sugar 7%3s _advancing a full point. American Beet Sugar convertible 6s were listed on the ex- change and traded in for the first time with a fractional advance. The attraction here ‘is the conversion privilege into common stock at 50 Copper bonds went up with copper stocks, Chile Copper 6s and Magma Copper 7s belng most prominent Today's New Offerings. New offerings included $ Western Public Service first mortgag 6s to yield 6.15 per cent, and $1,000.000 Pacific Coast Joint Stock Land Bank 5s to vield 4.50 per cent to the re { deemable date. =Sl oo COTTON PACT REACHED. By the Associated Press. Agreement for the use of universal cotton standards by the Liverpool Cotton Association is practically as- sured as a result of recent negotia tions between the association and the United States Department of Agri culture. TODAY'S MONEY RATES. NEW YORK, May 14.—Call money firm: high, 4; low, 3%; ruling rate, 33%: closing bid, 4: offered at 414; last loan. 4: call loans against acceptances, 3%; time loans steady: mixed collateral, 60-90 days, 3%: 4-6 months, 3%ai: prime commercial paper, 3%ai. —- DIVIDENDS. Pe- Stock of Corp, riod. Rate. record. Amer Sug pf 317 Atlas Powder. 31 78 2 June 1 $1.00 s1 June 10 May 29 May 15 May 14 June 15 May Ly Eastman K Do. A Do ot Foundation Co MCRR (LL) Sa pan o 0000000, N A Util s cor. NOT&L 6s pf Do. 7s Df.... S Por Rico Sug. v SR & imp G e July 1 July 15 June 15 June Aug. 1 June June 30 June 18 June 23 [etomeme = #aQ PEARINE 3o * 33, 5 5 0 0 5 5 00030000 Do. pt. .. U S Gypsum Do, . o % i oo X Do, nf. " . Vesta Bat pi. 3 June 1 May 20 *%1.50 for each $100 heretofore paid in on Aecount of 18t pf. stock allotments cer- cates. Sterling Prod (4) 64 Stew Warnr (8). 6% Stromberg (6).. 7 Studebaker (4). Submarine Boat. Supertor Oll.... Superior Stl (3). Sweets (new) Symington...... Symington A (2) o Tex & Pacific. Tex & ca Tide Wat Oil (4) Timken R B (14) * | Tobac Prod (6). 154% 14% 67% 114% 24% 71 112 186% 40% 28% 104% 123 504 126% 13% 79 184 88 41 66 63 14% 44 8% 118% 1% u% Tobe Prd A (7). Transcont Oll. .. Transue & W(2) Underwcod (3). Union Ofl (1.20). Union Oil. < Un Pacific (10).. 1 Un Pacific pf (4) Utd Alloy St United Drug Utd Drug 18t 33§ Utd Fruit (10).. Gtd Ry Invest Utd Ry Inves pf. U S Cast Iron P. U S Distributing US Hoff (2).... U S Ind Alcohol. USRealy 8).. 1 U S Rubber..... U S Rub 1st (8).. U S Smelting (3) U S Steel (17)... 11, Universal Pipe.. Univer P pf (7). Utah Copper (4) Utab Securities. Vanadmum...... Va-Caro Chem. . Va-Caro Ch pf.. Va Ry & Power. VIVAdOU. cuseen ‘Wabash. Wabash pf Wwaldorf (1%).. ‘Ward Baking B. ward Bak pf (7) West Pen pf (7). ‘West Elec pf (T) ‘West Maryland. West Md 2d pt... Western Pacific. ‘West Pac pt (6). ‘West Union (7). Westinghse (4). ‘Weston Elec. Wheel & L Erie. Wheel & LEDf. ‘White Eagle (2) White Mot (4).. Wickwire Spen. Willys-Overld.. 224 Willys-0d pf (1) 101% wijson & Co 64 Woolworth ( Worthington. Wright Aero (1) 21% Yellow Cab (26c) 35% Youngstown (4) 5% +0dd lots. NEW YORK Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Bales are in $1,000.) ales. High. Low. Close. . 89 1014 10031 1014 Li-2d4%s. 1 101 16 101 16 101 16 Lib3dés... 11011310113 10113 Lib1st 4%s 53 10210 1023 10210 Lib 24 4%s. 78 101 13 101 10 10112 Lib3d 4%s Lib44%s USdal US4% Lib 3%s. 251 10218 102 15 102 16 15 1027 10131 1022 . 262 1068 10530 1062 FOREIGN, Argentin, Argentine Argentine 83 B. Argentine Ts Austria 7 456 96% 96% 9 1024 1024 97% Belgium cerens 181 Belgium 6%s wi., 26 Belefum T4 18 Canada 6s 19 Canada bs 19| Danish Munic $s B Danmark 6s. Denmark 8: dor 8s'48. Finland s f 68 '45.. Holland-Amer 6s.. Hungary 6%s B Mexico 58 as: Montevideo Netherlands Netherlands 6: Norway 65 1943 Norway §s 1944... Norway 6s 1952. Norway 8s . Crient Dev deb €s. Paris-Ly's-MeJ Paris-Ly’'s-Med 7s. 33 Paris Orleans 7s.. 16 Peru 8s = Poland 6s'40. 6 Poland 8s 50 wi...100 Prague 7%s . 45 S Paulo St 8s wi Seine Dept of 7 Serbs Crot Slo § Solssons 6s. Sweden s ct. Sweden 6s. . 5143 1946, viss Confed 83 Toklo 6s. . . Ud Kingm 6% 17% U4 Kingm B%s '37 153 107% Ud Steam Copen 63 & 93% MISCELLANEOUS, Ajax Rubber 8s. 102% 102 Ain AgrChem 5s.. 101% 101% Am Agr Chem T%® 1 101k 101% Cotton Oil5s.. 1 94% e ¥S'% @ 103% 102% 114% 67% o onralanSesnoo o © AmT&T Ged Am Water Wks Am Writ Paper 6s. Anaconda 1si 68 Anaconda cv db Andes 78 S0% pd Armour & Co 4348 Armour Del 53 Associated O1l 6: Atlantic Refin 5 Barnsaalls t 8 tiell Tel Pa . Beth Steel pm 5s.. Beth Steei rt & Beth Steel 514853, Beth Steels f6s. .. Brier HSt 1st 6%3 Bklvn Ed gen bs. . Bklyn Ed 6s B Bush T Bldg Col Gs & E' bs Commonwth P Con Coal Md 1st Con GNY 6%s w! Consumers Pow bs Cuba Canecvd 8s. Cuban Am Sue 83. Denver Gas b8 Dery (DG)Ts..... £ Det Edison 58 '40.. 47 Det Edison ref 6s.. Dodge wi 6s. 18 Donner Steel 7 Du Pont de N 7%8. Dug L&P 5%s Dugquesne Light Est Cuba Sug 7% Emplre GEF THhs. Fisk Rubber 8 Francis Sug 7% Goodrich 6% .13 Goodyear 8s 1931.. 26 Goodyear 8s 1941.. 12 Hershey 65 194 1t 24 106'% 105 Humble O&R Allinols Bell 18t I1linois Steel 4% % | (ndiana Steel 5 Int Mer Marl Inter Paper 68 KCP&ELLS Kan G & El 61 Kelly-Spring 8 Lackawa S b8 LaclG r:}l ::‘ B lede 3 Cemett & MY % 100 100 110% 1304 9 98% 121 101 29 101 27 10127+ Sales. High. Low. Close. 86% 96% 96% Sales. High. Low. Close 13 104% 104% 104% 102% 102% 102% 103 102% 103 96% 96% 96% | Pub Serv Elec 6 P Serv Gas 5%s 5! P ServGas5%s Rep Ir & St Reming Ar) Stnclair Ol Sinclair 011 6%, Sinclair Ol " Sin COPL6s‘as Southwest Bell 53, Stand G & El 6%s. Tenn Elec Pow s. Tide Wat Ol 6% Toledo Edn 1 w, e arner Sug 7s w :‘Elae 68 nghouse 7, Wickwire Spen 74, Willys-Ov 635 "33 Wilson & Co 1st g5 Wilson & Co cv 6 Bklyn-Manhat Buff R & Pitt 4% Canad North 63 Canad North 7s. Cht & Alton 3%s.. 30 Chi & Alt 3%sctft. 4 Cht B&Q gn 4 '53. Chi B&Q 1st rf 5 CB&Q-Ii . 35 C B & Q-Oll div 4s. {Ch & E1gnss Chi GreatWest 4 CM & Puget d 4s. 2 CMA&StP 48’3, Del Hud cv s '35 Del & Hnd 6%s. ... Den & Rio G cn 4s. D & Rio G imp bs. . D& Rio G Wst bs.. Erle 1st cons ¢ Erte gen 48 Erle conv 48 Erie conv Erie con ext Erfe (Pa) cit tr 4s. FlaEC3sT4 . Gr Trunk sf db 6 Grand Trunk 1064 105% 105% 101% 101% 84% 84% 68% 584 Havana ERL&P §s 15 Hud & Man ref 5s, Hud & Man aj 111 Central 5%s. ... 111 C-C St L&NO &s Int Rap Tran bs. int & G Noraj 6s lowa Cent rf 45 €7 91w *64 Mannat Ry cn ¢s Market St Ry 7 Nassau E Ry 48’57 13 3 N Y Cent deb 6s. 7 NYChi&StLé%s 19 NYC&tL6sA 7 New Hav d 48’67 New Hav cd 6 NY. Ont W 1st és NY Ry rf 4s ctfs. NY Rys 6s 65 .. Northern Pac Nortl Pac ; Northern Pacriés Ore & Calif 1st Ore Short L ref OreSht Licn 6s'46. 1 Ore-Wash lst rf 43 10 Pennsyl gen {%s. 1 12 Peoria & E Inc Reading gen 4 RIArk & L 4% St LIM&S 4s°'39. St LIM&S R&G ¢ StL&SFplésA.. & StL&SFpriass. 77 StL&SF Ihlb 15! plésC.. 13 4 1 £6 101% 101% B84% 8dly 81 80 71 0% 82 Sty 4% 94 7% 974 Sou Pacific ref 4a.. 34 - Southern Ry gm s 20 Southern Ry lat §s. i3 Southern Ry . B::nun Ry :'I‘:.,ln 031%- 0% 1 103% 07y 110% 103 1004 110% FINANCI WHEAT AND CORN | INWILD ADVANGE Strong Liverpool Market and Cool Weather Cause 7- Cent Upswing. By the Associated Press. CHICAGO, May 14.—Wheat prices ‘went straight upward today as soon as the market opened. Unexpected firmness of quotations at Liverpool, together with improved export de- mand here and surprising smallness of shipments from Argentina, were largely responsible. There was also talk current that on account of low temperature an unusually big percent- age of seeded wheat in Saskatchewan has failed to germinate. The opening, % to 2 higher—May 1.62% and July 1.49% to 1.50%—was followed by an ascent to 1.63%; for May and 1.51% for July. Cold weather complaints gave in dependent strength to the corn mar- ket. After opening at i to 1% ad- vance—July 1.16% to 1.17%—prices scored a slight additional gain. Oats sympathized with corn and | wheat. Starting at l3a}% to }; ad. vance—July 44% to 45—ocats made some further ascent. Declines in the value of hogs acted as a welght on the provision market. Subsequent further sharp advances in price took place, May touching $1.681;. Export business was sald to be on a large scale, and there were advices that crop damage from Hes- slan fly was affecting a wide area, including sections of Illinois, Kansas and Nebraska. Dry weather North- west was also a stimulating_factor. Wheat closed strong, 2 to 7 cents net higher, May $1.67% to $1.68, and July $1.52 to $1.52%. w. = MaVHEAT— Open July : September . COR! 3 - ) H P M - Shis ihia Lk baag Shi i BbL e e s Mibie B oD 5 SR 300 ook SomA Bom 225 Oop S5 #® = EEE] AL. THREE NEW HIGHS INLOGAL STOCKS Capital Traction Breaks Slightly, With W. R. & E. Is- sues Quiet—Other Notes. BY CHAS. P. SHAEFFER. Today's session on the Washingt Stock Exchange, which has been the cynosure of local financial eyes this week, was productive of several new vear's highs this morning, and inte esting despite the inertia of raiiwa issues and a gradual “marking dowr of Capital Traction. Railway common was active the extent of 10 shares at 11 easing off of a quarter poi ferred was firm but unchanged = 83% to 8315. The net gain of more than 6 points registered this week b the common stock, however, canr but revive rumors of the imminence of a back dividend payment, a of approximately 261, per cent cumulation suffered during lean s Just after the war. Along this is interesting, and also perplexing note that directors of the compa sert absolutely no consideratior, been given to this all-absorbing ques tion. Preferred dividends amc to 5 per cent per annum are not in a rears. Capital Traction broke slightly unde sales of 200 shares, declining a quarter point to 95. The selling was in small lots. . Stock of the Union Trust Co, which trading is sparse, registered a net gain of 21; points fron best previous mark to 18213 o of 40 shares. Colum ance Co. gained an e sales of 30 shares, Chapin-Sacks § per ysold at 98 and 9713, as its best former mark otype equaled its year's higl sales of 11 shares, while G quiet at 563, Local Bankers to Dine. { The District Bankers' Associa will hold its next meeting at the Co lumbia Country Club on May 26 The pre- ., |Sombining business with an informal dinner, to be patd for at a nominal’ charge to each member i a3 | Washington Stock Exchange SALES. Vashinglon Gas 8=—$500 at 100, $500 4000 at 100 5 at 50%. L Fashingion Rwy. & Elec. com—10 at & Elec. ptd—10 at at 83 Washington 833 . 1855, 10 at 182, Rwy. 4. 10 at 83%. 2 Thion_ Trust Co'—10 at 182 at 18 Columbia_Title Insurance Co.—30 at 8% Lanston Monotype—1 at 85, 5 at 85. AFTER CALL. Lanston Monotype—5 at_85. Washington Gas Light—20 at 56% ISTED DEPT. Chapin Sacke 8s pfd—10 at 98, 10 at 97%. 5 at 97% Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4s.. al City & Suburban_ b: Georgetown Gi 23 Potomac Elec. 0 08 07 17 14 100 1031 wy. & Elec.'ds... . 78 Wash. Rwy. & Elec. 6s.... .. 10135 MISCELLANEOUS. Jt. Stk. 1d. Bk. by Wardman Park Hotel 6 s, SROCKS. PUBLIC UTILITY. | Amer. Tel. & Telea. . & Elec. com. . & Elec. pfd.. axi com.. NATIONAL BANK. National Capital i R, Terminal Farmers & Federal-American Liberty ... Lincoln | N nal Mairopolitan.. of ‘Washington. TRUST COMPANTY. SAVINGS B Commerce & Savings.. .. Fast_Washington. American Corcoran Firemen's National TITLE INSURANCE. golumbia Tite.. 5 Real Estate Titie. MISC D. C. Paper pfd.. Merchiaate’ Transt enthaler Linotype. e, & Invest. pid. h Market co WELLS FARGO MAKES " CASH DISTRIBUTION NEW YORK, May 14 (A.P).—An- other step in the liquidation of the capital assets of Wells Fargo & Co. was taken today when a cash distribu- tion of $8 a share was authorized in addition to one-thirtieth of a share of American Railway Express stock, $100 par value, for €ach share of Wells Fargo stock, $1 par. It is payable June 10 to holders of record June 1. —eeeeeee 1101 101 101 1024 1024 b8k 87% Term Asso St Li6s. Union Pac 18t 4 Un Pac 1strf Union Paccv 8 virginia Ry 1st Wabash 18t & Wabash 2d bi e Washash 6%s, ‘76 Western Md 4 Western Pacific bs "West Shore 1st 4a. 13 1 23 Wheel & LEcnds. 4 Whe! & LE rf 434 12 Wilkes BEE 1st 53 Wisconsin Cent ¢3. ) {1 president W. W. Spaid, Secretary of | Sociation: Lanier P. McLachler C. H. Pope have been appoint {committee to arrange the det Bank Personnel Enlarged. Michele Strizzi was added to | roster of the Intern: | Bank in the capacity of correspo, {ence manager of the foreign dep: | ment, at the regular meeting of the {board this afternoon. Mr. Strizzi comes to the Internation {2l Exchange from the Veterans' I | reau. where, for seven years, he has been special expert and pri a | translator of legal documents. I | linguistic knowledge includes Italian, *| French, Spanish, Portuguese, Lati Greek and Rumanian. He is a g i unle_in law from the Royal Universit: of Naples and also of a local ins tion. He is also versed in newspaper work, having been, for three y managing editor of the P dally, L'Opinione, as well as a < correspondent of the New York daily. Il Progresso. Would Join Association. The Morris Plan Bank of Wash | ington is seeking membership in the Bankers' Assoctation of the District Action on its application will be taken at the next meeting, with passage practically assured Bertram Chesterman, executive vice of the institution. shov prove a valuable addition to the loc fraternity. Mr. Chesterman comes t Washington from New Yorl for the last six years he has been a: | ofictal of the Industrial Finance Co | poration, which has large holdings of stock in various Morris Plan banks Before that time he was a State bank examiner in Virginia, bel, partly responsible for the present V: ginla State Banking Department jDuring the tenure of this office he wrote several State banking statutes now on the Virginia books. In 1917 he became national bank examiner in New Jersey, Connecticut and in New York City. He isa Virginian by birt! Chapter to Elect Officers. ! The Washington Chapter, American Institute of Banking, will elect officers tonight for the ensuing vear. R. Jesse | Chaney, T. Hunton Leith, Joseph D. Yerkes and Garrett M n Hoesen i will be made president, first and ond vice president and secretary, in the order named, as their nominations are uncontested. Building Permits Hold Up. Bradstreet's compilation of building permits issued in April at 170 cities throughout the country puts the total at $406,158,937, bringing the amount for the first four months of 1925 to $1,241,382,195, the largest ever report ed for that period. {CLOTH GOODS LOWER WOOL MARKET FIRMER Special Disp2tch to The Star. NEW YORK, May goods markets were slow slight easing of prices. 14.—Cotton oday, with a Print cloths - | were quoted at 93 cents for 64x60s and 1013 for 68x72s, the latter a quar ter-cent reduction. Raw silks were steady and fairly active. BOSTON, May 14.—The raw wool market continued dull today, but dealers are expressing more optimism based on belief that the 30 per cent drop in values since last Winter has placed the market on a firmer basis and that consumption of wool soon will expand. Inquiry for foreign wool far outstrips the higher priced domes- tic supply. DIVIDENDS RESUMED AFTER FOUR YEARS NEW YORK, May 14 (A.P.)—Di rectors of the Michigan Sugar Co. to- day resumed dividends on the com- mon stock after a lapse of four years, authorizing a quarterly payment of 1% per cent on the $i0 par value shares. The last previous payment of 1 per cent was made in August, 1921 Early Peach Crop In South Under Yield for 1924 The early peach crop in 10 Southern States this year will be eomewhat smaller than the larger crop of last year, according to the May 1 condition report of the De- partment of Agriculture, which places the condition of the crop at 69.2 per cent of normal, as compared with 78.6 per cent last year. The condition figures for Geor- gla, which is by far the leading producer in the States covered. is 70, as compared with 80 on May X ear ago. Texas shows a co dition of 62 this vear, compured ‘with 67 last year;: North Carolir 178, compared with 83; South ( olina, 76, against 78