Evening Star Newspaper, September 9, 1925, Page 30

THE EVENING STAR, WASHINGTON, D. C.; WEDNESDAY, SEPTEMBER 9, 1925. NEW YORK STOCK EXCHANGE | |RAILROAD AND (Il | Coxev vor BONDS stocx exciuavez] Received by Private Wire Direct to The Star O eceived by annu Wire Direct to The Star Office. — High. Low. Close. Lib3%s... 81 10022 100 20 100 20 Lib 1st4%s 57 10130 10! 27 101 27 Lib2d4%s. 67 101 10029 100 30 Lib3d 4i4s. 83 10112 1019 10! 11 Lib4th 4%e 200 1025 1021 1022 US4s1944. 95 10226 10223 10224 US4%s'52 91069 1069 1069 FOREIGN. Sales. High. Low. Close. Argentine §s 5 B8 87% Argentine 6s'59...119 06% 968 Argentine6s A.... 54 97% 96% Argentine 6sB 53 96k 96% Argentine 7s 2 102% Aus govt 58’66 288 97% Austria 7s. .. 26 99% 30 * FINANCIAL. AGTIVITY IN OILS MARKET FEATURE Shares of Southern Railroads Also Strong—Higher Money Overlooked. FINANCIAL. PSeen in Sroekcs | RAILWAY COMMON DECLINEST01741-2 20-Point Rise Many Believe Advance Has By the Associated Press. NEW YORK, September 9.—An ad- Run Its Course—Other Financial Notes. h. Low. Close. . Close. § 102% 1024 102% Adams Exp (6).. 92 8, 08| Abitibl Pow (4)" 3 65 | Gulf Mo & Nor Adv Rumley. 14% | Gu M & N pt (6). 106 Ahumads (V. 10% | Guif States S (5) 80% Alr Reductn(t5). 107% | Hartman (2%).. 27% Ajax Rubber. . 10% | Havana Elec (8) 226 Alaska Juneau 1% Hayes Wh1 13%. 39% Allied Chem (4). 10274 103% | Household P (3) 41 Allls Chalm (8). B84 . 87% | Houston Ofl..... 64 Am Agricul Chm 23 2 22% | jlowe Sound Co. 23% Am AsChm pf.. 68Y% 67% | Hudson Mr (2% 86 Am Bnk Nte (5). 168 188 | Hud Man pf (5). 71k Am Beet Sug(4). 35% 88% | Liudson Mot (3). 63% Am Bosch. 31% Hupp Mot (1)... 18% = (E::f:';’;‘ ) e Tlinots Cen (7).. 116% . b 111 Cent pf (6)... 117 Am Can pf (7).. 120% Indep Ofl (1) 24% Am Car&Fdy (8) 107% Indian Motorey. 23 oo gl Indian Refining. 7% oot R Indian Refg ctfs. 6% A Diliks *Ingersoll R(8). 279% i oL Ao ‘f’;% ; y Inland St (2%).. 48 AmAPEpf ). Ik M G) on_Tuesday, on the foreign group. Am Hide & Lea.. 10% Ly i The feature today was found in the AmIce (7). 121% BB M (5 180 French bonds, French Republic 7s at Am Internatl... 37% It Conent (4. 0ok 933 making a new high for the year, Am La Fran (1). 12% B Cer et L ety 108 compared with the record high reach: Am Linseed..... 34 Int Com'ling (3) 47 od in 1924 of 94%. Other French gov- Am Linsd pf 3% . 80% Internat Har (5) 130% ernment bonds were strong, but Am Loco (18).. 118% IntMer Matine.. 7% French munfcipals reacted slightly. Am Loco pf (7). 119 I8t MeL et DE . 80 German 7s were again in demand, Am Metal (3)... 61 Int Nickel (2)... 33% equaling their record high above 99. Am !r:;.a[.zor;).) u BB 66% Austrian 7s sold at par again. m Ry Exp ( o ltepublic. ... 60 }::';h;ge{s‘;f [ s Brazil Bonds Improve. | Am Safety R (3) 61% Int Tei & Toi (8) 120% In the South American group there Am S & Ref (6). 108% Tnt el ® Delcte. 6% was moderate improvement in Brazil Am St1 Fdys (3). 40% s 7s and Brazil 8s, although nothing Am Sugar, . 65k Jones Bros Tea.. 16% has developed in this market com. Am Sumatra 4 Jordan Mot (3).. 40% parable with the increased favor Am Tel&Tel (9). KCP & L 1st (7). 107% shown the Brazflian obligations in Am Tobaceo (7). Kan City Soutn. 41% London. The new Australian 6s were r 1 y Am Toba B (1).. Kan CSopf (4). 62 a shade higher. All the Belgian the group like Phillips, Sinclair, Inde- [ Am Type pf (7). Ay ey K% bonds except the 7t%s did better. An- pendent Oil and Gas, Houston, Skelly { Ar WIV&E! 1.20 Kelly-Spring pf. 64% ton Jurgen 6s made further recovery. and General Petroleum. There was|Am W W 1st (7) {ennecott (3)... b5d% Convertible oil bonds were the lead- urgent short covering In Pan Ameri- Woolen. ... Keystone T & R. ers among the domestic industrials can “B.” Wool pt (1) Kinney G R (4). Sinclair 6s and Skelly 6143 were es- Among the Kresge Dept S. . pecially strong. International Tele- Macy made a new high, the two big Kresge S S (8) phone and Telegraph 5is reached a mail order issues—Sears Roebuck and s oe B, new top at 104. American Ice s went Montgomery Ward—were very strong, Lehigh Val (3%) up with the stock. while Gimbel Bros., Woolworth and Liggett & M (t4) Favorites Among Rails, May Department Stores were all in avorites Among . 3 = s Lig & My B (t4) . , demand. Cudahy and Armour ' T it s (The favorites among the rails were were strong. o 2 Loews Inc (2). namely the Florida Western and Hljglhhpriredbd lr}d\\;slrl:flls were bid Loft.. Nosthori 7 @ Detver Hin Grante up with considerable violence, among Tong Bell A (4. Bgitiecn TRaniE :r_::; wgcu;l Sk them Chrysler, which was responding Lorillard (8). . E 2 d to capital split-up talk: schman, Eoutalaa Ot up in St. Louls Southwestern con- General Electric, Westinghouse Air FonlE Gea T solidated ds. ; Brake, American = Ice, ~ California Louls & Nsh (8). New offerings are still on a_small Packing, Foundation Co., Postum Enlan i :fi:biow::: :?:fc\; r&;tlflt;lr m&%h Teas Cereal and International Shoe. Atl Guif & WI.. 5 As a sequel to the campaign in the | Atlantic Gulf rts McCro B (1.60).. the present outlook is not for any Mack Trucks (8) large increase. mutomobile stocks, shares of motor{Atl Gulf & WI pf parts companies came in for more at- | Atlantic Refing. by g tention. The leaders in this quarter | Atlas Powdr (4). Magma Cop (3). were American Bosch Magneto, Stew- | Atlas Tack...... Mullson&Co. = ert Warner and Eaton Axle. Fitting | Austin-Nichols. i e AV In with this movement was the |pBalawinL (7).. e strength of the rubber and tire shares, | Baito & ORi0(5). sy g especially Goodrich, this in conse: | pai & Oh pf (4). G o quence of the very much improved Bang & Ar (3).. M e & G) results reported for the first half vear | Bane & Ar pf(1) i and. the expectation of still further . : Marlin Rock rts. : L nsdall A Mathieson Alka. improvement during the second half. | parncdall B. X iowt Aiex Good Buying in Rails. Bayuk Cigar. .. Metro G pf(1.89) Rallroad stocks experienced a brief g::z:‘";‘t““;fi‘”‘) Mexican Seabd. . spurt and then subsided, although an | pEtenit BE TS G0 Miami Cop (1) exception was Kansas City Southern, | g&/t 8% BROS(®) - Mid-Continent in which the buying continued persist- | prios Nrg(314) Middle iln;!:nd ently. s Mid St Pr p: 5 While the buying was going on in | Bkl Edlson (8).. Minn & St Louts. standard dividend payers, the favor- i piteen Tri - M St P & SSM pf. ftes were Atlantic Co Line at a{pOuet s By, Mis Kan & Tex. . new high and Loulsville and Nash- | 2i¢ BRIOR SL0 0 MK&T ot ). ville, Southern Railway, Atchison, | pTuneWier o Missour! Pacific. Norfolk and Western, and New York | pc oc2) Missourl Pac pf. Central. ?fiuflfi}:{.\?fif‘é;) Mont Power (4). Goodrich was strong ‘Bum: Bro (10). j‘éz“,‘.g:;‘;“’{;,“" and has risen altogether over 4 |purie el s . points from where it was selling | gur Add Ma (3). Mother Lode 7k¢ when the report of the first half vear | put e e Motor Met (3.60) was published. Net profits Quring ! g, (1e & Sup (1). Motor Wheel(2). that period were equal to $9.85 on Nash Mot (116). the common and were within leps | Cal Packing (6). Nash pf (7). than $1 a share of what was earned | Calif Pemt (2) Nash & Chat (13, for the common stock in the entire | Caliahan Zinc Nt Aot tnta) Can Pacific (10). Nat Biscuit (3). 12 months of 1924. Case Thresh pf. Nat Cloak (4). MARKET CLOSES STRONG. Case Threshing. Nat Dairy (3) | Cent Leathe- Nat Dpt Store: | Cent Leather pt. Nat Lead (8). Cerrod Puascoi i} Nat Lead pf (7). Certain-Teed(4) Nat Supply (3).. Certain-T 2d (7) Nevada Copper. . Chandler (3).... N Y Alr Br (4).. Chees&Ohio (4) . NYAirBrA () Chi & Alton N Y Canners (2) which rose 2 to 3 points, was accom- | Chi & Alton pf.. NYCanner pf(7). panied by a further upturn in the | Chi & East Il pt N ¥ Centra! (7). popular industrials. Studebaker was | Chi Great West. 1 1 NYC&StL (6) the feature of the late trading, mount- | Chi Gr West pf. N Y N H & Hart. ing more than 3 points to a 192 Chi Mil & StP.. N Y On&Wn (1). price above 51. General Railw Sig- | Chi Mil & StP p! | NY Rys part cfs. nal jumped $ points, American Safety | Chi & Nwn (4).. N Y Shipbld (2). Razor 5 and American Can 4%. Sales | Chi & Nw pf (7). Norf & West () approximated 1,400,000 shares. ChiPneu T (5) North A (B3.40). Chi R I & Pac North Am pf (3) Childs ($2.40). North Pac (6). .. Chile Cop (2%). Norwalk (1.60). Chrysler Corpn. Nunnally (1). {Chrysler pf A(8) Ontario Mining. Cluett Peab (5). ‘ 5 Orpheum (1.80). Coca-Cola (7). .. Otis Steel. Col Fuel & Iran. Ouatis DRy - Colo Southern. .. Col G&E (2.60). Pacific Ol (3)... ColG & EPL (7). Packard (11.70). Com In Tr pf(7). Paige Mot(1.40). Pan-Amer (6)... Com Solv A (4). Com Solv B. . Pan-Amer B (6). Panhandle. ..... Congoleum (2) Panhandle pf. Conscl Cigar.... Park & Tilford. . Consol Distribut s Gk CKe, - Consol Gas (5).. Penns y RR (3). Goneol Textile Penn Seab Steel. g::: 1::u§- % Peoria & Bast. .. Cont Mot (80¢)..- bere M prior (8) Corn Prod (2). .+ Phia Co(4)-rers Corn Prod pf(7)- Phia Co pf (3) Coty, Inc (3.80).. Phila&RC& ‘Tenn Elec Pow 6: ‘Toledo Edn 1st 7s 108 109 109 Unlon Bag & P6s.. 2 91% 97% 97% U S Rub 1st rf 5s. 89 B8% 88 U S Rubber 7%s 107 107 107 vance of nearly 20 points in the pre- U S Steel s £ 5 106 106 106 |ferred stock of the Gulf, Mobile and Utah Pow & Lt 951 94% 94% | Northern to 109 from the low of the Va-Car Chem 7s 100 99% 99% | year, is belleved in Wall Street to be Va-CarCh T%s w. 82 80% 81 In apparent anticipation directors Vertientes Sug 7s. 89% 89 89 shortly will begin to disburse divi- West Elec bs. ... 101 100% 101 dend accumulations amounting to $25 Westn Union 6%s 110% 110% 110% | a share, in addition to the regular $6 Westinghouse 7 106% 106% 106% | rate. Foreign List Has New Points of Strength—Phone Bonds Advance. BY¥ STUART P. Spectal Dispatch to The NEW YORK, upward movement continued in greater part of the stock list today. 2 the same time the buying broadened out, taking in i At various stages prominence was given to the f the record-breaking , then to the merchandis. ing shares, representing the activity of the retail trade; then to the rubber and tire stocks, to some of the motor accessories, to the oils and,as usual, to _the high-priced industrials easily put up on account of their small out- standing supply. 0il Shares Turn Active. When the ofl stocks, after their long perlod of inactivity, were finally taken up, the buying c me with a rush. Traders had been impressed for some time with the fact that these stocks refused to go down, even under the bad news of the price cut- ting. The advance started with Macland, California, Pete, Pacific Oil and Texas Co., but quickly spread into other representative members of WEST. BY CHAS. P. SCHAEFFER. ‘Washington Railway and Electric common stock returned to the active list this morning, on the local ex- change, with a slump of 415 points over the last previous transaction. Today’s closing price of 174%, re- corded after exchanges of 50 shares, was not unexpected, in view of the unsupported “asked” price of 181 vesterday. While mystery still enshrouds the factor responsible for the issue’s sen- sational rise of more than 80 points in the last two months, the feeling BY GEORGE T. HUGHES. Speclal Dispatch to The Star. NEW YORK, September 9.—No con- cern was apparent in the bond trad- ing today over the trend toward high- er money In the market for call loans. High-grade Investment {issues were steady, although quiet, the chief in- terest of the day being centered, as 99% 100 tional merchandising stocks December 1.51% 1.56%, were followed by a moderate additional setback and then by tran- sient rallles. Rains in the corn belt led to lower prices for corn and oats, notwith- standing assertions that much of the damage from recent hot weather was beyond repair. After opening un- changed to % cent lower, December 85% to 86, the corn market scored light gains, but soon declined all around to below yesterday’s finish. Oats started unchanged to % cent off, December 42 to 42%, and later eased down a little more. Lower quotations on_ hogs weak- ened the provision market. Wheat prices developed unexpected strength today in the late dealin, Dantels h-Dan pf (7) Armour De! (7). Armour 11 anaQaqaaa Asso Dry G(2 Asso D G 1st(6). Atehison (7). Atchison pf (5) . Atl Birm & At... Atl Coast L (18). CHICAGO LIVE STOCK MARKET CHICAGO, September 9 (United States Department of Agriculture).— this Peru 8s. . greater than Poland 6s '40. Poland 85 ‘50 wi. Prague 7%s. Queensland 63 Riode Jan 85 1946. 16 Rio de Jan 8s 1947. 19 Rio Gr Do Sul 8s... 2 Sao Paulc City 88 Sao Paulo State Stof S Paulo rets. . 25 100% Seine Deptcf 7s... 38 90% Serbs Crot Slo8s.. 18 89% Solssons 6s. 2 874 Sweden 5isct.... 47 103k 102 Swedens........ 7 104k 104% S 94 .. 16 108% 3 Stock weak to 25 lower: bulls sharing | Swies Confed §a... 1 1166 116% IS SatnaND e 16 10 1o decline; most bolognas, 4.0024.35; | Ud Kingm 5% '29. . 23 117% 117% Int Rap Tran Gs. 67% 67 vealers, active. 12.50a13.00; few, 13.50. | Ud Kingm 538 37. 13 1CoW 105 105% | it Rap Tr &5 stpd. 6% 67 Sheep—Receipts, 22,000 head; fat|zurich 8s. .. 7 '3 108% 108% Int Rap Tran 6s. 70% 70 lambs, firm; others and sheep fully Int Rap Tran s 90 89% steady; early sales fat range lambs, MISCELLANEOUS. 1m & G Nor 1st 6 104 103 15.25a15.75; some held higher; desir-| Ajax Rubber 8s. 5 100% 100 JUS G Nagal T TT% able natives, 15.00a15.25; few, 15.50;| Am Agr Chem5s.. 1 102% 102% Towa Cent rf 4s.... 20 20 sorting generally light to moderate; | Am Agr Chem 7Ti4s 22 104% 104 Iowa Cent 1st & 594 59% cuils, mostly 11.50a12.00; odd lots of | Am Chainsf85°33. 5 98% 88% {an City Ft § 4 867 86% native buck lambs, 13.00a14.00, ac-|AmSmit& Ristbs 15 98% 98 KansasCity S 6s. .. 90% 90% cording to welght and quality; choice | Am Smit & R 68 106 105% Kan City Term 85 84w feeding lambs, 15.85; odd lots fat na-| AmT & Tcltr 4s 97% 9T% Lake Shore 45'31.. 9% 97U tive ewes, 6.00a7.50; no choice light-|Am T & T cl tr 6s. 101% 101% 101% | Lehigh Valen 4s... 81 81 weight sold. AmT&Tstbs.... 961 96y 96% | Lehigh Val5s2003. 9% 99% AmT & T deb 5%s 102% 102% 1021 | Louis & N uni 4s 93% 93 Am Water Wks 95% 954 954 |Louls& Nash7e... 3 105% 105% Am Writ Paper 63. 54% 54% 54% | Manhat Ry cn 4 61% 61% Anaconda 1st 6s. 100% 100% 100% | Market St Ry 7 99 98% Anaconda cv db 7d. 101% 102 |y &StListre4 22 21 Andes Cop 7srcts. 98 984 TP & SSMcn 4s 55% BO% Armour & Co 4%s. 88% 89 | StP&SSM63%s. 4 102% 1024 1 Armour Del 5%s. . 92% 2% | MK & T 1st 4s 8% 8% Associated Oil 63 102% 102% | MK & T 4sB...... 9% 79% Atlantic Refin 5 99% 99% | M K & T adj 68. ... 89% Sy Bell Tel Pa 58 101% 101% | MK &TprinssA. 95% 951 Beth Steel pm 5 921 9214 | MK &T 6sC. 2 102% 102% Beth Steel rf 5s.... 98 98 |MoPacific gen ds.. 65 64% Heth Steel 55 ‘53 864 8G% | Mo Pac 531965 874 7% Beth Steel s £ 6s. ... 94k o4y | Mo Pacific 6 101% 100% Brier H St 1st 5%s. 99% 100 {X:s:‘::gckfi s l_gg:. 100% Stromberg (8).. 70 70 70% | Bkiyn Ed gen bs. 101% 101% | e e e Ehy BN 59% Studebaker (4).. 48% 48% 52y | Brooklyn Union 5 | NOT&Ma%an. 101 Bush T Bldg 55 °60. 95% 95% S . O1% 101% Submarine Boat. 4% % 5 & 2 . ¥ Cent deb 4s. 93% 93% Symington. . 15 16 15 |Cen Leth6s45 cfs 100% 100% | X3 Cont £ b i o Symington A(3). 21% 15 5808 S CEOBE vy Ioa 1oaw | NYCentLScidige 3 760 78w Tenn Copper (1). 10% 10% 10% | Col Gas & E! 5s. 1004 1001 | N Y C& St Ldb 4s. 9% 94% Texas Co (3).... 4T% 47% 47% | Col Gas & E! bs sta. 100% 100% Y Chi & St L 5%. 97 963% Tex Guif Sul (3). 110% 110% 111% | Commonwth P 6s 1024 1021 | New Hay deb 4 62% 621 Tex& Pac C&0O. 11% 11% 12% | Con Coal Md 1st 68. 2% 897 | New Havencd 6s.. 9% 9% s ¥ ERdliio. - L 54 54% | Con G NY 5%s wi. 103% 108% [N Y 1 .8 & e8% Tex Land Tr (8). 390 890 390 | Consumers Pow 58. 96% Y Rys 63'65... 26% 26% *Tex Pac Ld Tr. 885 885 400 |Cuba Canecv s 94 Y W & Bos 4%s. 68 68 Third Avenue... 14% 15% 14% 15% | Cyba Canecvad8$s.. 99 orthern Pac 3 6014 60% Tide Water (1).. 324% 82 82 | Dot Eaison 5s® 10238 orthern Pac 4 84k 84 Timken R B (14) 42% 42% 434 | [,ef Bdison r 107% orthern Pac bs 96% 96% Tobac Prod (6).. 92 91% 91% | [oage wi 6s. 1157 97%% 96 Northern Pacr { 105% 105% Transcont Ofl. 3% 3% 8% | Dug L& PoWa 4d. 1 1054 106% Ore Short L ref 4s 9% 9T% Un Bag & Paper. 59 59 60 | Duquesne Light 6s. 31 105% 105% Ore-Wash st rt ds. 824 821 Union Of1 (1.30). 33% 83% 337 | Empire G & F 7%s. 28 104% 104% Bordeaux 3 7% Brazi) 7s. . 19 82 102% 102% 10245 1024 2 level pegged at 63, and Lans Mono- DRIt ChiB&Qlstrfs 102% 102% A S et Lol 8 anston Mono DE”z.N“ i \CB & Q-111314s. vl that Liverpool quotations type was uncha ged at 84%. Capital Lyons 6; 83% 83w The North American Co. as a hold Marsetll g 86% 86% ing corporation would comtrol West Det United 43 88% <8 top, 13.10; 140 to 160 pound selections, D % S84 ¢ . ; . : .10 1 6 3 Erie 15t £ 7 that there was a better European de- ts are largel 25a12.80; bulk, better, 225 s 8 A2 WTIe mand than reports from the seaboard | ever known Willys-Ov 6% ", 102 102 102 WHEAT SELLS UP | (B::;:l‘;:zs‘1 . 52 % . 88 8R is rather general that the upturn has PutchEase 150 ‘.; 5 SREQIavel. ¢ stk LA e e P AT 97% | Wilson & Co 1st 6 98% 98 88 Wilson&Co.cv is 1 68 68 68 Winchester A 7%s. 2 101% 101% 101% Youngstn 8 & T 100 Bank of Japan 6s.. 8 99% RAILROAD. Belgium 6s........ 54 86% Atchison gen4s... 55 89 83 89 Belgium 6% wi. .. 66 2% Atlantic C L ol 4s 81 81 87 Belglum 7s wi..... 76 95% Atlantlc C L 1at 4 g1 o1 91 Belgium T%s. In 108% AtlanCL4%s'64.. 1 92 92 92 Belgium 88, 1 107% B& O Gold 43 S84 BT% Berne 8s. 11 107% 5 ceees 93 92% Rolivia 83. 16 963 . 90 89% L1101 : : % 105% Rains in Corn Belt Lower Cunsas SRIobe. .. 18 96% 95% Prices in Corn and Oats |37 its peak. The last week's Canada 5%s 1929.. 17 B & O Toledo 4 1% T1% B trading would appear to bear out this hile s 1‘34: Bklyn Manhat 6 80 89% Early n Day. belief in that only declines have been Eile sa10et Buff R & Pitt 4345, 86% 861 regiatered, | However, it would oc ChLatiantasy. aii skt otigtcr casion but little surprise if the enig- Con Pow Japan 7s. Canad North 78 115% 1154 By the Associated Press. i f{"’“"l behind the security should b S el, G For el RO Kl | e ge another ascension, as the out oy % 80% CHICAGO, September 9.—With|ofiown interests operating thy a 5% Cent of Ga 6s..... 108 102 prospects that the Government crop | j, i o o e dn e Czecho 88 1951 e e ssue have well concealed their whys Caecho 8s 1351 tral Pacific 4 87% 8% report this afternoon would show o |and wherefaren. zecho 8s 1952 ot. . Cent Pac1st5e'50. 6¢ 974 96% somewhat larger vield of Spring|“'The remainder of the day's actt Danish Munic 8s B. hes & Ocv4¥%s. .. 9T 974 wheat than was predicted a month| B aoiive Chen& 0 cn g ; list was uninteresting. An odd lot En 4is. 91% 1% ago, the wheat market today showed | salo of Washingion Gas & Ches & O ev bs 116% 116 an early downward trend. The fact n _Gas found the 2% other hand, rain in Canada and indi- | Firty share i El Salvador 8s'48.. 8 Chi Great West 4s. 63% 63% cations of possible frost there acted |and Investre gl - g Finlands7s....... 8 9 % as something of an offset. Chicago| Bond trading was sparse. oo French 7s. . 375 487 48% % cent lower, | to utilities s el g i s 43% P 48y _utilitles at unchanged prices. enct . 79 19 North American Investment Deal. Geman s 231 49 48y H. P. Wilson, president of the West- Ger Gen Elec T 88 88 ern Power Corporation has issued Greek 7. s 49 48% statement explaining that the offer traiti s 17 (e asn of the North American Co. for. Holland Amer 6s. 5 ' il trolin ock 8 e “ 6% 90u Power does 1ot contemplors un Tapenese 15 56 uo 1o merger of the properties, but, on the Jergens U M other hand, is an investment only. g - Mexico 5s assented 11 :.:: Union Sta§s'dd 1 99% 99% ing fund of gold debentures would not Montevideo7s..... 4 Dusta tis 17 117% be involved in the acqui Netheriands 65 ‘54. 21 Chi&Windends.. 11 70 79% common stock. No changes in the Netherlands 6s'72. 11 8% | Bt e 98% 984 management of Western Power u Hota§y = CCC&StLrrosA. 1 103 1030 S e Norway 5%s wi... 25 Clev Term Gs. . 100% 100% Local Brokers Prospering. Norway 6s1043. ] 12 Cleve Term 53 106% 106% Buying that lifted values was > great has been the boom in New Norway 6s 1944 largely to the circumstances that the securities tha Hogs—Recelpts, 21,000 head; slow, 10| Norway 65 195 22};’;33."&’;:.’,;‘- s movement of new wheat in s Bl DoRta e to 25 lower; lighter weight off most: |orient Dev deb et I . the Northwest has not been exereis- commission light light and slaughter pigs. 23 1o p: : D& Rio G Wt 6s.. 6% 67 ing the depressing effect whict would 80 lower; bulk, good and cholee, 170 ; Des M& Ft D 4 9% 9% ordinarily be looked for. Besides, vear of to 210 pound averages, 12.90a13.00; : messages from Winnipeg indicated ight months of 4 they have k Erie conv 45 B. 67 strong welght killing pigs, 7.75a42.25; - heavywaight hoga 1L8ea1178: e Erie conv 4s D. 3% m:'.:: S e R B dium, 12.40a13.00; light, 11.20a13.10; — lgz;"’- e e e light light, 11.00a12.85; packing sows, ~ Bat sl 4 e ferer 10.10210.85; slaughter pigs, 11.25a12.50. Sreat Nopth & S4%n 94 el cpmnelt T N Cattle—Receipts, 13,000 head; fed Great North 5% 100% 100% oy, i steersgrading good to choice, in fairly G Nort keiis 110 108% s ey o ek liberal supply; fully steady; others G Mob&N 5%sB"50 3 102 102 B e AaCRRN uneven, slow, barely steady: best ma- Havana ERLAP'60 9 93% 98% 00 fue U 0f e tured steers, 16.25: weighty kind in Hud & Man ref Gs. . 9w 91% Pl i Mg o broadest demand; several loads, 15.50 Hud& ManajSs... 11 76 75% st g gl o a16.00; about 2,500 head of Westerns DiCenteaTiet s 904 90% b g e il e o on sale, steady; largely, 7.00a8.00; she Ili Central 5%s.... 3 102% 1024 A e sty el bital B8 233 %R e period recorded which again today 16.80 1650 1BS— September . : 1770 Detober . 5 i 50 17.50 AMERICAN SUMATRA TOBACCO PROPERTY SOLD Stock Largely Deposited. Deal in Connecticut Involves $175,- Chapin-Sacks, Inc., announced to- 000 and Must Have Approval day that 96, shares out of 100,000 shares outstanding had been deposited of Court. under the plan of exchange of class ‘A" stock of Southern Dairies on a share-for-share basis Bond Redemption Announced. Formal notice of redemptiol entire outstanding issue of of 6% per cent bonds was filed with the trustee on September 1 announced today by T 1-teed Products Corporation. At the same me officers stated that funds were deposited to provide full payment of principal, 5_per cent premium and interest to November 1. This issue which was originally for $8,000,000, and which has been outstanding only since May 1, 1923, was reduced $240,000 on May 1, last, by maturi- ties under amortization provided in the mortgage. The retirement of the bonds makes the 7 per cent preferred stocks the prior obligations of the corporation. The annual dividend requirement for the "44.900 shares of first preferred and 26,750 shares of second preferred is $501,550, after which earnings will be available for common stock. Net profits after bond interest for the first half of 1925 were $1,008,228.40. At this rate with bond interest eliminate the net profits would be $2,541,552.7 per annum. New Teachers at Institute. The personnel of instructors for the September October R imilar conditions prevail on the ington Stock Exxchange. A 'y check-up of the local list re- s that stock transactie for this vear to date are many thousand shares in excess of the same period of last year. The answer is readily found in the rising market, easy money and a bright future. NEW YORK, September 8 (P).— The closing was strong. Undiminished buying of the high-priced rails, includ- ing Norfolk and Western, Atchison, New York Central, Louisville and Nashville and Delaware and Hudson, e e Ao PRMERE Frederick B. Griffin, president and general manager of the Connecticut | Valley Tobacco Association, has pur- chased for himself and others for| $175,000 the property of the Ameri- can ‘Sumatra Tobacco Corporation in this city. The sale was made by the receivers of the tobacco corporation. subject to the approval of the United | States District Court. If the sale is approved, it is said, Mr. Griffin will offer the property to the Connecticut Valley Tobacco As- sociation at a price agreed ubon with the receivers for him to pay. If the association should not accept he and associates will use the property for the tobacco business under his man agement. LIVE POULTRY HIGHER CHICAGO, September 9 (#).—Poul- try, alive, higher; receipts, four cars; fowls, 20a26; broilers, 29; Springs, 2515 ; roosters, 17; turkeys, 20; ducks, 18a23; geese, 15al7. was St Oil Calif (2).. b53% 534 544 StOIINJ (1)... 39% 39% 40% StO1INJ pf (T). 117% 17 1174w Std Plate Glass. 5% 5% 6% Sterling Prod(4) 170 70 70 Stew-Warner(5) 69 69 1% Markets at a Glance W YORK strong: Stude- baker crosses 51 to new high for year. Bonds—steady; French 7s at ‘1 peak. ore: exchanges — Mixed; Italian lire advance. Cotton—Firm; high temperatures throughout belt Sugar—Steady. Coffee—higher; firmer Brazilian cables CHICAGO—Wheat, country offerings. tion bu BUTTER HIGHER TODAY. CHICAGO, September 9 (#).—But- receipts, 16,293 tubs; standards, 44% extra firsts, 44a4414; firsts, 41a43; sec: onds, 38a40%. Eggs—Higher; receipts, 17,260 cases; firsts, 30a32; ordinary firsts, 28a29. higher; light Corn—Firm; ex- sh Government report. steady; liberal receipts. NEW YORK METAL MARKET. NEW YORK, September 9 (A).— Copper quiet; electrolytic, spot and Pennsyl con 435 GOODS MARKETS QUIET. 98% 984 Pennsyl gen 4}4s. . 93 futures, 14%al Tin easy; spot and nearb, i futures, 5. Iron steady: unchanged. Lead 5029.62, Zine steady: spot’ and futures, Crucibie Stl (4). Cuban Cane Su.. Cub Cane Su pf.. Cuban-Am S (2). Cuban Domin. .. Phillip Morris Phillips Pet (2). Phoenix Hoslery Pierce-Arrow. .. Plerce-Arrow pf. /n Pacific (10). . Un Pacific pf (4) Utd Alloy Steel. . Utd Cigar(ad%). United Drug (7). 141% 7% 29 82% 127 141% 142% 4% T4% 29 29 82% 32% 127 127% Goodrich 6%s. . Goodyear 85 1931 Goodyear 85 1941 Hershey 5%s wi. Hershey 65 1942 104% 110% 120% 98% 104 104% 110% 120% 984 104 Pennsyl gen 58 Pennsyi 58 ‘64. Pennsyl 6% Pennsyl gold 7s Peoria & E inc 48, 102% 97% 110% 108% 84 92% 102% 97% 110% 108% 33% NEW YORK, September 9 (Special). —Trading in the cotton goods mar- kets continued quiet today with prices steady. Print cloths were quoted at 9% cents for 64 by 60s and 1033 cents local chapter, American Institute of Banking, for the coming season gon- tains several new names. Dale Car- negle, public speaking teacher at Lon- don, Paris, Philadelphia and Balti- more, will have charge of this depart- UtdDrug 18t 3% . Ctd Frult (10) Utd Ry Invest. .. 54% 54% 54% 226 226 226 21% 214 214 U S Cast Iron P. 162 162 164 U S Distributing 32% 2 324% 324 US Hoft (2).... 41 a1 a1 3 U S Ind Alcohol. 87% 881% | Postum Cer (4). U S Ind Al p£(7). 110 111 Press Steel Car. . U S Realty (8).. 138% 140% Prod & Reflners. s U S Rubber 524 B4 Us U for 68 by 72. Raw silks continued in good demand, with quotations un- changed from the previous day. XXA 20-22 denler maintained their high mark of $7. Antimony, spot, 17.25a | Cudaby Pkg (7). Cushman’s (3).. Davison Chem. . Del & Hud (9). DRG Wst pf_ Detroit Ed (8). Dodge Bros Cl A Dodge pf (7). Dome Mines Doug Pectin (1) Dupont (19)..... Mastman (18). Eaton Axle (2).. Elec Powr & Lt. EIP&Lpt (1).. Elec Str Bat (4). Elk Horn. .. Elk Horn pf..... Bmmerson Brat. Emmerson B pf. End John (5)... Erfe RR Erie st pt. . Exchange (1%)- Fairbks (2.60). . Famous P1 (8) Famous pf (8) Federal Lt *1.40. Federal Mines. .. Fed Min pf (7) Fisher Body (6). Fisk Rubber. Fleischmann (15} Foundation (8).. Freeport-Texas. Gabriel A (2%). Gardner Motor... Gen Am Tak (3). O [l K6 er | Gen Asph pf (5). _S148" | Gen Baking (8). Jen Cigar (8)... Gen Electric (8). Gen El spec 600 Gen. Motors (17) Gen Mot pf (7). Gen Outdr AGv.. Gen Outdr A(4). Gen Petrm (2).. Gen Ry Si& t7%. Gen Ry S pf (6). Gimbel Bros. Ginter (13). Glidaen Co. Gold Dust. Goodrich Ru (4). Goodrich pf (7). Goodyear pf (7). Granby Consol. . Grt North pf (5) Gt Nor Ore (1).. Humble O& R5%s 2 101% 101% Ilifnois Bell 1st 5s. 19 100% 100% Int Mer Marine be. 83% 83% Int Paper 58’47 91 90k RIArk&L 4% 87% 87 Inter Paper 96 95% s St L IM&S R&G 4s 87% 87% SRR e StL&SFpl4sA.. 29 76% 76% KanG & Ei6s'52.. 6 1025 102% ik 9k Kelly-Spring 8s 101% 101% bl Keystone Tele 5s. 91% 91% '\‘ 92% Lackawa S 58 '50. 9244 9% s 96% 96% Lacl G ref 5834 101 100% 103% 102% Laclede G 5%s'52. 4 100 99 90% 904 Liggett & Myers 6 101% 101% ‘g“,“ 844 Liggett & Myrs 7. 120 119% SR i Lorillard (P) 58 96% 06% 963 | 3oapd 4 T 45 = Loutsv G & E b8 '52 96% 96% 96 SfibdAL:d]l Z‘m ag:: e e s 3 100% 100K 100% | Soaba A Licon 95 94% auantities of wools of all types, but| c;(jon at Hot Springs, Va. Midvale Steel b 91% 9i% 91% | Sou Pacific 4s°29.. 9T% 9T e B ™| “John B. Larner, president of the A ik B 99% 99% 991 | Sou Pacificclt és. 85% 85 SUA SERTpotul. \ Washington Loan and Trust Co., has Mor’s & Co 15t 4% 8 821% 82% 821 Sou Pacific ref 4s. . 88% 884 A also ended a vacation at his Summer Eng Tel 5s. PRSI AT | oot Ao o FOREIGN EXCHANGE. estate at Mifflintown, Pa Reading 1t (3). TN 7L s | NY B4 S 4d wi 10015 1004 100% | Southern By & 5 loe tos” Oncefions Dimiehal T W-% ibie & 000 Reading 24 (2). . Ward Baking B. 60% 70% 69% 69% | N Y G E L H&P 4 8815 88% 88% | Southern Ry 6% 1004 109% SOl Al Heling: chy Reid Iem Cm(3). Warner A (1%). 20% 20% 20% 20% NYGELH&EPS 103% 103% 103% | Third Ave ref 4s. 88% 56 8665 2 Robt Rels & Co. . Warren Co (4) 47% 48% 47 48% | N Y Tel 4% Remington Type Weber (4)... 66% 66% 66% 66%|NY Tel6s'4l 107% 107% 107% | Tol St L & W 4s. 256 86 85% Remingtn 2d(8) . West Pen (4) . 100 110 100 110 N Y Tel 6s'49... 109% 109% 109% | Union Pac 1st 4s. 21 92 81% | Replogie Steel. . West Elec pf(7). 111% 111% 111% 111% | North Am Ed 65, 101 101 | Union Pac 1strf4s. 11 844 B4l Rep ir & Steel. .. West Maryland. 17% 17% 17% 17%| North Am Ed 6% 3l 103% 103% | Un Pac 1st rf 5 3 104% 104% Reynolds Sprngs West Md 2d pf.. 244 24% 234% 24 Nor Ohio T & L 6: 93 93 irginia Ry 1st 25, 98% 98% Rey Tob B (3). . Western Pacifle.. 31 32% 381 32 | Nor States Pow G: 96 96 Ry &P 1st6s.. 16 96% 96% Rey Tob pf (7).. ‘Western Pac pf.. 77 T7% 1T6% 77 |Otis Steel 7% 100% 100% | Wabash 1st 51 6 101% 101% Royl D(al.73%). ‘West Union (7). 131 131 130% 130% | Otis Steel 8s... . 105% 105% | Wabash 2d 5s. 5 96% 96% St Joseph Ld (2) West Alr Br (6). 126 128% 126 127% | pacific Gas & El bs. 96% 96% | \Wabash 534576 94 974 97 e o Westinghs (4).. T4% 754 4% 76 100% 100% | Western M 4s.... 55 66% 66% i Weston A (3)... 27 21 26% 26% 9T% 975 | Western Pactfic 5s. 20 93% 93% g T Wheel & LErie. 21 21 20% 21 106% 106% | West Shore 1st 4s., 5 834 82% StL Swn pf (6). Wheel & LEDSf.. 43% 43% 48% 43% 984 984 | Wisconsin Cent 45. 5 79 79 chaite Stor (18) White Eagle (2). 25% 26% 26% 264 10345 103% 203 'd.:frx. White Mot (4).. 93% 95% 92% 94% 100 100 ;::bgfli‘”‘v‘ fre White Rock (2) 88 38 38 88 106 106 Seazrave (1.20). R overia.. 19 204 10 iow 198w o0 Seas -20). R Sears-Rebk (6). Willys-0d pf(7). 106% 110 106% 107 105% 105" | ((NEW YORK, September § UP.—|Gormuny, 23.80; Holland, 40.14; Nor Shattuck F G(2) Wilson&Copf.. 18 18 18 18 103% 1087 | SWan-Finch Ofl Corporation has de- | way, 22.48; Sweden, 26.80; Denmark, N Wilsonpfetfs... 17 17 17 1 108% 103y | clared a dividend of 12 per cent|s5og; Switzerland, 19.30%: Spain, Sheil Un (1.40) Woolworth (3).. 169% 170% 168% 169% | punta Alegre 5. . . 105 105 |ioward arrears on the 8 per cent pre-|j525: Greece, 1.46; Poland, 18%: | Simmons Co (3). Worthn Pump.. 384 38% 384 384 | Rep Ir & Steel b8 - 95% 95y | ferred stock, clearing up accumula- | Czechoslovakia, 2.96; Jugoslavia, 1.78%; Stmmp Pt De- Wright Aero(1).=28% 28% 28% 28%|c o\ g Coaf7s 106% 106 | 08 to Jandary 1, 1924. Austria, 14%;: Rumania, 4914; Argen- 2 ‘ellow 2 - l, H ontreal, 3 Sloas-ghetl (). Youngstown (4). 4% T4% 4% Taw Sinclair Ol és. 0% %] RATES ON BAR SILVER. R *0dd lot. Southern Ry (5). Diyidend rates as eiven in ¢t .w. s [ Biblatr TR 92 94| NEW YORK, September 9 P).—Bar| RUBBER DOWN ONE CENT. South Ry pf (6). are the annual cash D?m SinCOPL 1004 100% | gjiver, 73; Mexican dollars, 65%. Spear&Copf(7) i qumr or hal Sin Pipe Line 5 84% 84w > NEW YORK, September 9 (Special). Spicer Mf§g. Srging ,j:,,,, pE Skelly O11 6%, 111% 112 LONDON, September §.—Bar silver, | —Crude rubber declined another cent Std Gas & EI(3). So Por Rico Sug 104% 104% | 82 15-16 pence per ounce. Money, 3% | today, being quoted in this market at 75 cents a pound. This compares with Std Gas& E rts.. Southwest Bell 55.. 100 100% |per cent. Discount rates—Short billa. Std G&EI pf (4). SugBstOrient7s.. 1 92% 921 92)5]313-16 per cent; three-month bills, | 75 cents @ month ago and z1% cents Stand Mill pf(6). l% per cent.. last year, Pere Marq 1st 6s... 95% PCC&StL5sA.. 99 98% Reading gen 4%s. . 93% 931 Plerce O1l. Plerce Ol pi Plerce Petrol. . *PittsFtWay (7). Pitts Ut pf 11.20. Pitts & West Va. anx ment, and William Gordon Buchanan, C. P. A., will conduct the classes on credits. William M. Deviney, A. M., Ph. D., will lecture and instruct in 3(‘(’0\]"(1"( and investments, Raymond B. Dickey, affiliated with the chapter for several vears, will continue in his capacity as dean. He will specialize in commercial law and negotiable instruments. Eliot H. Thomson aill continue in banking fundamentals, as will F. J. Donohus on economics and standard banking. Bankers End Vacations. William D. Hoover, president of the National Savings and Trust Co., has returned from several weeks' va- DIVIDEND DECLARED. BALTIMORE, September 9 (Spe —At a special meeting of the hoard. of directors of the American Wholesale Corporation (Baltimore argain House), heid September 7, the regular quarterly dividend of 1% per cent on the preferred stock vas declared, payable October 1 to stock- holders of record September 20, 1§25. TODAY'S MON’EY RATES. NEW YORK, September 9 (#).—Call money firm; high, 5; low, 4; ruling rate, b; closing bid, 4%; offered at 4%; last loan, 4%; call loans against acceptances, 412. Time loans firm; mixed collateral, 60-90 days, 4%a4l; 4-8 months, 412a4%; prime commer- cial paper, 4a4} SUGAR OUTPUT LARGER. NEW YORK, September 9 (#).— The Cuban sugar output to August 31 is estimated by the National City Bank at 5,109,183 bags, with three mills still grinding. This compares with 4,068,168 bags when all mills had finished grinding about the same time last year. STOCKS EX-DIVIDEND. Date. Corporation. *10—American Express..... 110—American Safety Raior Cp. 10—American Tabacco pf 1 0—Armour & Co. of Del. pt. 1 8 —Armour & Co. ‘of Tilinois, Class A vot. trust . 10—Motor ‘Wheel Corp - 10N Enameiing & Stamp- ing pf.. . 10—Norwalk Tire &’ Rubber! 110 Do. pL.. 10—Fitis., n & Chi. WOOL IN GOOD DEMAND. BOSTON, September 9 (Special).— Medium wools were in best demand today, reflecting knitting trade buy- Pub Ser N.J.(5). Rub 1st (8). 103 108 PuhS‘\'J pf (7). S Smelting(3). 45% 46% Pubsl\:l pf (8). U S Steel (17)... 120% 121% Pub Se E&G pf 6. U S Steelpf (7).. 124% 125 Pullman Co (8). Untversal Plpe.. 37% 3814 Punta Aleg Sug. Univer P pf (7). 179 W19 Pure Oil (1%).. Utll PEL A (3).. 83% 82 82 Pure Ol pf (8). Vanadium (2)... 29 29 29 e Sis oty of & Va-Caro Chem.. 2% 2% 24 Radio C pf (3%). VaCaroChemB. 14 1% 1k 14 Ry Stl Spg (8).. vaCaroChpf... 9% 9% 9% 9% Ray Cons Cop... 4 R Vivaudou 4% 144 14k 145 Reading rts. 4% 4% U aaw ing. Medium fleece wools moved at 52 cents for half bloods and 50 cents for three-eighths grease basis. Aus- trallan wools were easier with sales of 64-70s at $1.10 clean basis in bond. Manufacturers are taking substantial St P& KCShL 4%4s St P Un Dep 58 DIVIDENDS. Period, Rat st London. pound. Montreal. dollar. Paris. franc. Brussels. fran Berlin, mark. Am Rome. lira. ...", o 3 Zuich. franc. Athens. drach: — I - adrid. peseta 1429 ienna. crown . 000014 14 Budapest. crown {00014 e, crown. 4 Warsaw. sloty. Copenhagen, ‘hristiania. crow: tockholm, crown. 974 97 974 | Third Aveadsss... 15 42 41 Pavable, 33 ESES 2 Ellioti-Flsner vt~ Endicott-hn Ty TETDIRONS. Sl Weel & Weat, su i3 Indep. ftg Tndrts Storec Indian M_C P Wh. EEEEs NEW YORK, September 9 (#).— Foreign exchanges irregular. Quota- tions in cents: Great Britain, demand, 4821%; cables, 484%; 60-day bills on banks, 481. ' France, demand, 4.70. cables, 4.70%. Italy, demand, 4.17% cables, 4.18. Demand—Belgium, 4.441% Phila Co 5%s '38. Phila Co ref 65 A Phila& RAC& 158 Plerce-Arrow 8 Pierce Oll deb 8s. Public Service 6s Wiles 18t 5 wies 2ha pi - ot ity Bicoe. | RARIABR RRAIAR o BACK DIVIDEND VOTED. e b b A ot ek 1001 DL B D AR AR NG S DA ot ] it S A b I a2 i B Reo Mot Cat pi. l't\l & West. Union. | Sw-Fr, il [l‘f i R TREASURY CEBTHICATES. Reo Mot Car. Utah P West. Pac nl (Quotations furnished by Redmond & Co.) & Wasne i ba bt eteld ‘Steei orto’ Rico. Suga - 10 Strombers ~ Carbureior “America, Inc: Serican Snul G ooy & 333553 asa rmdfi oo 3323858 3 51 . DL 1 ism Union ternational N 1—Kennecott | Corp. - 11—Lehigh Valley 10—La »v.. e A—sauonMl Lead. 23 z: & & »