Evening Star Newspaper, September 15, 1925, Page 28

28 ® 'FINANCIAL. SHARP REVERSAL | IN STOCK MARKET Bear Raids and Profit Taking L.eave Wal; Street List in Weakened Condition. BY STUART P. Disy WEST. Special th to The Star NEW heavy ember 15.—Very in some of the industrials swelled the ess on the Stock Ex- to still larger propor- was a big turnover in Overland and in Fisk Rubber, 1 up increased interest selling around the same or lower levels. Tt was a day however, in which selling was 1 active than 1t had been for at least fortnight and from the outset this selling made itself felt over part of the share list Son High-priced industr course, the most sen gome of them sharply. of American Can, Chrysler Mo Mack Tru Atlantic, Gulf and West Ind 1 stock in which large ad accumulated, was | than the ave by the turn. United States Steel d in over a half point 512, but was quick to ibsequent selling. Amer h Magneto had a spectacular which suc an equally sharp cha tions, Willy and this sti in other stocks ected n downward common s 5 points 1, however, by on. iring the period when the market paratively strong there were merous high records made. On the were Willys-Overland and Nash in motor group, the latter up 18 points; Fisk Rubber and Goodrich in th rubber nd tir section, both classes of American Tobaccos, Endi cott-Johnson, Marlin-Rockwell, Art loom, Cluett-Peabody preferred, Burns I st American Linseed pre :d, Gold Dusk und General Out- v = class A shares. inexpected upturn occurred in in Baltimore and Ohio, who had gone hort of the former because of the il strike. When these two stocks ve together it sug e the possi- ity omething be done with Itimore’s holdings of l(emllnr: 0il Shares Depressed. The rise in American Sugar above suspicion regarding the ood of dividend resumption. if the September dividend on | & Gas had a depressing | n other oil shares. Mar- down a point and so did Mid-Continent and Pan Ameri n B.{ lips Jleum was off nearly a was active in Sin- as com An Readi catchi speculators 70 aro likel sed Sellin around 1 i he decision the Secretary of | culture upholding the Armour- r brought’ a ddeal ivity into Armour “A” shares around and just above 24 Up to'this morning prices had risen with scarcely any interruption for two weeks e rise had carried further than any similar upturn of the year so Transactions had | steadily expanded until they sed the two-million-share mark | MARKET CLOSES HEAVY. Lower \lnm Ilol to Check Selling in Last Hour. NEW YORK, September 15 (#).— Stock prices displayed a sharp reversal of form today, an early outburst of strength being followed by a sharp re action which ried many issues down 2 tv 3 points. The selling, which ited with professional bear and eventually encompassed a large amount of profit taking, w associated with the circulation of re- ports that legislation to restrict the percentage of funds which banks would be permitted to loan on stock and bond collateral and other de- flationary would be intro- duced by an Madden of the House committee on next Congres: The re sustained advance in many issues had left the market in a | weakened technical condition which | facilitated hear operations. Motors hore the brunt of the selling. Heavi- ness of the oils was directly traceable { to the omission of the Prairie Oil and s dividends. The closing was heavy. Selling was partially checked in the late dealings when the call money rate was lowered to 4 per cent, but efforts to bring about a general rally proved unavail- ing. Several coppers and local trac- tion issues recovered, but United States Steel, American Can and other leaders hovered around the lowest levels of the day. Brooklyn-Manhat- tan Transit_established a new high record at 59. Total sales approxi- mated 000 shares. session o Markets at a Glance NEW YORK high priced shares points, Bonds renters Stocks—Heav decline trad activity —Mixed francs Belgian decline. Cotton—Lower: profit taking by commission houses. Easy: lower spot market. k: lower Rio offers Wheat—Higher; export French small receipts. vearlings inactive Stock of record, Sept 15 Sept 18 D Milling ritish-An Brown & William- gon' Tobieco Do. pf Canadian Rubber nf Comm'l Class A i ol Consol Sept 19 Sept 30 oct 5 r Corp. i Oct nington Arms &t pf Schuite Stores 2 State Bank. The Td > Products Dl pt. AMERICAN WATERWORKS MAKES NEW OFFER v YORK, September 15 (@).— American Waterworks and Electric Co. sent a letter to stockholders of West Penn Co., giving a plan for nequisition of that company by the proposed West Penn Electric Co., dif- fering in some details from the plan announced September 3. Under the new plan West Penn Electric Co. will have authorized capitalization of $50,000,000 first preferred, $100 par; 59,25% shares of Class A, no par; 165, 742 shares of Class B, no par, and 1,000,000 shares of common, no par. CHICAGO BUTTER STEADY. CHICAGO, September 15 (). Butter unchanged; receipts, 16,762 tubs. 148 cases. Sept 25 Sept 19 Sept 19 Sept15 NG STAR, WASHINGTON, D. C. TUESDAY, SEPTEMBER 15, 1925. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Abitibi Pow (4). Adv Rumley. — Open. High. Low. Close. 66% 66% 6 65% 15% 16% 15% 15% Ad Rumley pf(3) 5% 5T% 67% 674 Ahumada (t1).. Alr Reductn (15) . Ajax Rubber. Allied Chem (4). Allls Chalm (8). | Allis Chal pf (7) Am Agricul Chm 22 22% Am Ag Chm pf.. Am Beet Sug(4). Am Bosch. e Am Brk Shoe(5) Am Can (17).... Am Car&Fdy (6) 109% 109% Am Chain A (2). Am Chicl Am Drug. Am & For Pow. . Am&F Ppf (1). Am Hide & Lea. . Am Hide & L pf. Am Ice (7). Am Ice pf (6 Am Internatl. .. Am La Fi Am LaFra pf(7) Am Linseed. Am Linsd pf 3% Am Loco (118)... Am Metal (3)... Am Radfator (4) Am Ry Bxp (6). Am Safety R (3) Am Ship&Com. . Am S & Ref (6). An Am Sugar. Am Sugar p Am Sumatra. ... Am Sumatra pf Am Tel&Ca (5) . Am Tei&Tel (9). Am Tobacco (7). Am Toba B (7). Xm Typ Fdrs(8) Am WWE&EI 1.20 Am W W 1st (7) Am Whol pf (7). Am Woolen. Am Writ Pap pt. Am Zinc pf..... Anaconda (3). Archer-Danlels. Armour Del (7). Armour I11 A(2). Arn Cons&Co. Arnold Con ctfs. Artloom (75c¢) . Asso Dry G(z%) Asso DG 1st(6). Ass0 Ol (2). Atchison (7) Atchison pf (5). Atl Birm & At. .. Atl Coast L (18). 197% 199 At Gulf& W 1.. At Gulf & WIDf 55% 58% Atlan Ref pf(7). Atlas Tack Austin-Nichols. . Baldwin L (7). Balto & Ohio(5). Bang & Ar (3).. Bang & Ar pf(7) Barnsdall A..... Bayuk Cigar Beech Nut(2.40). Belding Bros(3). Bethlehem Stl. .. Beth Stlpf (7). Booth Fisheries. Briggs MIg(3%) Bkl Edison (8).. 138% 13%% Bki-Man Tran. . Bkl Union G (4) . Brown Shoe (4). Brunswick-Balk Brunswick Ter. . 3u Ro&P o.l. (2). Buff,Roch & w:) Buff & Sus (7). Burns Bro (10). Burns Br B (2). Burns Br pf (7). Bur Add Ma (3). Bush Terminal.. Butte Cop (50¢). Butte & Sup (1) Butterick...-e.. Caddo Central... Cal Packing (8). 129% 131% Calif Pemt (2) Callahan Zinc. ... Can Pacific (10). Case Threshing. Case Thresh pf.. Cent Leather. ... Cenmt Leather pf. Century Rib (2). Cerro d Pasco(4) Certain-Teed (4) Chandler (3).... Chees&Ohio (4). banking at the | SEeeED pO(8IE) - Chi & Alton pt Chi Great West. Chi Gr West pf.. Chi Mil & StP. .. Chi M1l & StP pt | Chi & Nwn (4).. Chi Pneu T (5).. ChiR1& Pac. CRI&P DL (6). CRI&P DS (7). Childs ($2.40). Chile Cop (2%). Chrysler Corpn. Chrysler pf A(8) 105% 105% Cluett Peab (5). Cluet Pea pf Coca-Cola (7)... Col Fuel & Iron. Colo Southern. .. Col G & E (2.60). Col Carbon (4).. Com Solv A (4). Com Solv B. Congoleum (2).. Consol Cigar.... Consol Distribut Consol Gas (5).. Consol Textile. Cont Can (4).... Cont Can pf (7). Cont Insur (6) Cont Mot (80¢).. Corn Prod (2)... Corn Prod pf(7). Crex Carpet (4) . Crucible Stl (4). Cuban Cane Su.. Cub Cane Su pf.. Cuban-Am S (2). Cuban Domin. Cuban Dom pf Cudahy Pkg (7). Cuyamel Fr (4). Danfel Boone. ... Davisoh Chem .. 3 | Deere&Co pt(5). 103% 105% Del & Hud (9) . . Del L & Wn (17) 140 DRG Wstpf... Detroit Ed (8) Detroit Ed rts. Dodge Bros CIA’ 20% 20% Dodge pf (T).... Dome Mines (2). Doug Pectin (1). Cipont (19).. DuPont deb (6) . Duquesne pf (7). 112 Mastman (18)... Eaton Axle (2).. Elec Powr & Lit. EIP&Lpt (7).. Elec Str Bat (4). Emmerson Brat. Emmerson B pf. End John (5). Erie RR B Erie 18t pf . Essax 1st pf (7). Fairbks (2.60).. Famous P1 (8).. Famous pf (8). . Federal Lt *1.40. Federal Mines. Fed Min pf (7).. ¥id Phoenix (6) . Fisher Body (b). Fisk Rubber.... Fisk R 1st pf (7) 108% 110 Fleischmann(t5; 115 Foundation (8).. Fox Film A. Freeport-Texas. Gabriel A (2%). Gardner Motor. . Gen Am Tnk (3). Gen Asphalt. ... Gen Asph pf (5). 100 Gen Baking . Sen Cigar (8)... Gen Cigar pf (7) 107% 107% Gen Electric (3). 325 325 317 hi & Alton. Eggs unchanged; receipts 17,-| Gen El spec 600.. n (1). S& R pf (7). 1T St Fdys (3). . 109 . 100 11 108 108% 12% 12% 104% 1044 90% 90% 108 108 11 11 AL 106% 106% 1% 1% 101 101 89 89 108 108 2% 22% 6T 68% 864 87 87% 37T% 116% 116% 240t 241% 107% 107% 28% 23% 23% 501 49 49 5 5 4% 4% 41% 42 41w 41% 9l 9% 91% 1% 1% 1% 11 11 61% 61% 61% 61% 121 121% 120% 121 83 83 83 83 38% 88N 8T's 374 1315 18% 13% 134 967 96T 967 96% 34 34 334 334 827 83 i 83 119 119 116% 116% b1% 514 61 5l 114% 114% 113 118 98, 36, 6. 18 66% 664 65's 65z 6% 6% 6% 6% 1131 113% 111% 1124 1134 1183 1184 113% 43% 43% 42% 2% 69% 70 68 69% 991 99l 994 994 10% 11 105 11 90 90 90 90 4% 41% 41% 41% 142 142 141w 142 109% 109% 108 108 108 109% 106% 108 18 118 118 118 571 b8 56% 56% 98% 98% 98% 98N 100 100 100 100 89% 39% 40t 2% 2% 30% 304 45 45% 38% 384 964 96% 23% 24 12% 187 124 12% 48 a84% 50 49% 100 100 100 100 36% 56% 5% 36 123% 123% u6% 95 6% 6% 195 195 67 A67 5Th 57h 115% 115% 13% 18% 28% 28% 119% 119% 80% 8l% 43% 43% 954 96 21% 21% 39 394 2% T34 39 89% 69 69% 36% 37% 40 41 19 119 2454 247 235 504 95% 95% 6% 6% 70 70 115% 115% 13% 13 28% 28% 1214 121% 804 83 43% 43% 95% 96 22 22 39% 39% T2 73% 39% 89% 42 43% 424 _424% 96 96% 95% 96% ¢ 8. 6 e 374 8T% 36% 36% 1374 138 5T T4 89 89 581 69 894 BY% 145 145 145 146 36 87% 36 36% 6 6 6 6 85 85 83 83 B4l 841 B4k B4y 86 86 86 Bo L 11N 120% 118 118 31% 31% 95k 9% 8y 99 17% 17% 6% 6% 1% 1% 20% 20% % % 128 130 26% 26% 2% 2% 143% 143% 4b% 45k oL 91w 274 274 2% 2% 144 144% 464 46% 91 91 20% 20% 63 63 31 81 B4% b4% 55% 56% 38 84 104 105% 1124 112% 5% " 124 124 1% 1% 26% 264 8% 9% 16 164 684 68% u7 17 50% 50% 864 BEY 9Tk 974 69% 59% 85 36 163% 153% 104 112% 5% 124 114 25% s4 154 ®T4% 674 114 1ldw 49% 49% 86 86 974 974 587 b8 344 34% 148% 150 105% 105% 65 65 109 109 140% 140% 391 39% 68 68% 42 a2 47 47 100 102 98 100% 28 23% 394 39% 4% 4% 89% 89% 2% 34 6 6% 18 18 z% 112% 10% 11 36 86 124% 1244% 48 8 5% ok 9% 9% 43 45% 234 28% 3% 3% 28%. 23 99% 99% 12ty 115 5% 84 16 65 65 109 141% 142% 41% 41% 68 68% 72% 78% 47 47 103 98 101% 23% 3% 39% 40 4 4% 90% 9l% 2% 3% 77 1% 118 118 112% 112% 1 1% 86% 36% 124% 124% 43 48 77 T 9% 10% 435 45% 23% 24% 3% 3% 23% 234 99% 99% 54 b4 % %11 41% 43 41% 41% 105% 105% 148% 148% 140 140 45% 45% | 131% 133% 2% 2% 28% 28% §7% 88% 515 21% 214 162% 13315 101 101 1z 112 106% 106 | 24% 24% 31% 381% 91% 91% 67% 68 3% 3% 2| 2 a2 iy 31% 314 40% 40% 96'% 965 4% 45% 106% 107% u7 17 28 28 19% 19% 62% 62% 1644 164% | 85% B5% 4% 24% 109% 110 112% 112%] 185% 137 T0% T0% 16% 16% 84% 35% 1% 11% 55 65 54% 65% 100 100 175% 175% 149 149 141 46 46 131% 1834 2% 2% 88% 89 15% 15% 21% 21% 165 165% 101 101 112 106% 106% 254 25% 32% 32% 91k 91% 67% 654 31 3% 22 22 72 13 81% s1% 40% 40% 96% 96% 46% 46% 108 108 1% 117% 28% 29 19% 19% 63 63 164% 184% 874% . 87% 24 26% 115 137 187 1% 1% 1% AT 835% 36% 12 12% 58 58 56 56% 100 175% 175% Gen. Motors (17) Gen Mot f (7) Gen Outdr Adv. Gen Outdr A(4). Gen Petrm (2).. Gen Ry Slig t7%. Gimbel Bros. . Gimbel Br pf(7). Ginter (1%4).... | Glidden Co. Gold Dust Goodrich Ru (4). Goodrich pf (7). Goodyear f (7). Goodyr pr pf (8). Granby Consol. . Grt North pt (5) Gt Nor Ore (1) .. Grt Wstn Su (8) Green Canan. ... Gulf Mo & Nor.. Gu M & N pf (6) Gulf States S (5) an (2%).. 2 Elec (6) avana Elpf(6) Hayes Whi 3% . Hoe & Co A (4).. Homestake (14) . Household P (3) Houston Of1 Howe Sound Co. Hudson Mr (2% Hudson Mot (3). Hupp Mot (1)... linots Cen (7). Indep Of1 (1). ... Indfan Motorey . Thdtan Refg ctfs. Inland St (2%). Inspiration (2) Interub Rap Tr. Int Bus Mac (8). nt Cement (4).. In Cement p£(7). int Com Eng (2) Internat Har (5) Int Mer Marine. . Int Mer Mar pf. Int Nickel (2) Tnt Paper. .. Int Paper pf (6) . Intl Paper vt (1) nt Shoe pf (8).. Int Te! & Tel (6) Int Tel & Tel rts Jewel Tea pf(7). Jones Bros Tea. Jordan Mot (3). KCP & L 1st (7). Kan City Soutn, Kansas & Gulf. . Kayser (Jullus). Kelly-Spring. Kelly-Spring pf. Kelly-Spring 1st Kelsey Whi (6). Kennecott (3). .. Keystone T & R. Kuppenheim(2). Lee Tre & Rub. . Lehigh Val (3%) Liggett & M (t4) Lig & My B (14). Lima Loco (4).. Loews Inc (2) Long Beli A (). Loose-Wiles Lorillard (8).... Loulsiana Ofl. .. Louis Gas A 1.75 Louis & Nsh (8). Ludlum (2)..... MclIntyre P (1).. Mackay pf (4) Mack Trucks (8) Mack T 1st (7). Macy H R& Co. . Magma Cop (3). Mallison & Co Manati (5) - Man El Sup(43) Man-Elev gtd. .. Man E md g (5). Man Shirt (1%). Maracaibo Ofl. .. Market Street. .. Market St prior. Market St pf. ... Mariand O (75¢) Malin Rock (1).. Martin-Parry (2) Mathieson Alka. May Dept St (5). Metro G pf(1,89) Mexican Seabd. . Miami Cop (1).. Mid-Continent. . Middle State: Minn & St Louts Mis Kan & Tex. . MK&TDf(5).. Missour! Pactfic. issouri Pac pf. Mont Power (4). | Montzom Ward. Moon Mot (3)... Mother Lode Tfe Motor Met (3.60) Motor Wheel (2). Mullins Body . . Murray B (12.40) Nash Mot (116). Nat Acme (sta). Nat Biscult (3). Nat Cloak (4) Nat Dairy (3 Nat Dpt Stor Nat Distillers. .. Nat Distillers pf Nat Enamel & S. Nat Enam pf (7) Nat Supply (3).. Nevada Copper.. N Y AIrBr (4).. NYAIrBrA (4) N Y Canners (2) N Y Central (7). NYC&StL (6) NYC&StLpf(8). NY C&StL ctfs 6 N Y NH & Hart. N Y On&Wn (1). NY Rys part cfs. N Y Shipbld (2). Norfolk South. . Norf & West (7) North A (B3.40). North Am pf (3) North Pac (5)... Norwalk (1.60) . Nunnally (1). Ontarfo Mining. Orpheum (1.80). Otis Elevator (6) Otls Steel. Owens Bot (3).. Pacific ON (3). .. Pac Tel & Tel(7) Packard (11.70). Paige Mot(1.40). Pan-Amer (6) Pan-Amer B (l) Panhandle. ... Park & Tilford. . Penick & Ford. . Penn C & Cke. .. Pennsy RR (3). Penn Seab Steel. Peoples Gas (8). Pere M prior(5). Phla Co (4)..... Phila&RC&L Phillip Morris. Phillips Pet (2). Phoenix Hoslery Pierce-Arrow. .. Plerce-Arrow pf. Plerce Oil. . Plerce Petrol.. Pitts Coal...... Pitts Term Coal. Pitts Ut pf 11.20 Pitts & West Va. Postum Cer (4). Press Steel Car... Pr St Car pf (7). Prod & Refiners. Pub Ser N.J.(6). Pub Se E&G pf 6. PullmanCo (8). Punta Aleg Sug. Pure Ol (1%).. 52% bzh l-ous Steel Bf.. .. | Radio Corp of A. Radlo C pf (3%) Ry Stl Spg (8) Ray Cons Cop. Reading (4) Reading rts. .... Reading 1st (2). Reading 2d (2).. Reid Icm Cm(3). | Robt Rels & Co. . 95% 96% 95 96% 107% 107's _817 1% 1% 1K u$ Robt Reis 1st pf. Remington Type Replogle Steel. . Rep Ir & Steel... MStP&SSM 11(4) . 4315 281y 29% 118% 20% 468 8% 72 5% 667 41% 35 67% 36% 87% 57 13% 49% 56k 49 1224 129% 94k 9t 584% 29% 9 58 40 1384 59% 50% 724 16% 14 75 30% 135% 13% 91% 59% 54 118 41% 22% 67 66% 24 271 22 20 8% 1% 16 84 584 42 25 89144 324 a1% 89% 1% 5% 43% 51 14% 82 136% 58 81 15% 81 7% 152% 35% 27% 62% 49% 149 14% 884 19 89% 41% 49% 24 89% 81% 17% 54% 43 28% 28% 144 69% 105% 16% 128 8% 32 33% 674 81 917 115 120% 6l 111 16% 424 109 42 % ‘33 18 65 a3 96 554 2 23% 16 79 14 1% 69 33% T4 46% 9114 84 u‘z‘ 24 117% 87 18% 6813 206 108% 103 ¢ 4% 25% 45 51% 116% 4Tl 30% 22% 9 49% 30t 43% 28% 21% 80 117% 20% 13% 9% 28% 1% 3% 62 43 88 37 85 5 687 347 7% 42 82 16 334 468 8 LT1% 734% €6 40% 344 66%4 38 87% 56% 13 48% 56 48% 121% 1291 94% 0% 37% 29% 8% 58 40 135% 58% 50% 71 15 14 % 304 133 13 9% 59% 5313 us 39% 21% 66 65 2% 27 20% 19% 48% 1% us 84 584% 40% 224 881y 324 39% 89 1% 513 43 51 14 81 134 56 81% 15% 9% 96% 149 34% 27 60% 4914 146 14 86 18% 39% 41 49'% 23 8% 80 16 52% | Rey Tob B (3).. | StL & SanFr((7) ICONFUSING PRICE CHANGES IN BONDS Railroad Liens and Traction Issues Make Best Showing in Day’s Trading. BY GEORGE T. HUGHE:! Special Dispatch to The Star. NEW YORK, September 1 demonstration in the local traction issues was the principal feature in the bond market today. The leader in this group was New York Rallways 6s, which were dealt in in heavy volume, advancing more than a point. All the Interborough obligations were strong, the refunding Gs, both stamped and unstamped, belng bid up a point and the 6 and 7 per cent notes being in equally good demand. Rails Highly Irregular. Speculative rails were highly ir: regular. Denver and Rio Grande Western 5s had a sharp reaction amounting at one time to nearly three points before support was encoun- tered. Selling below 65 today, they were down 5 points from the high last week. Seaboard Air Line 6s, the old bond, sold above the price at which the new $10,000,000 additional issue was offered today. The new bonds were quickly taken. Chicago and Alton 3155, after a long period of inactivity, went up almost a point and there was @ better market for Interna- tivnal Great Northern adjustments. Losses in 0il Bonds. One or two of the domestic indus- trials were in good demand on their investment merit. Among these were Youngstown Sheet and Tube 6s and Public Service of New Jersey secured 65, the last dealt in around 99 In large blocks. The former sold above par. Missourl Pacific 6s were very firm. The active sugar bonds at one time were lower, but later recovered. Losses were sustained by some of the convertible olis Foreign bonds were generally steady, but there was a good deal of profit taking in various parts of the list. Today's new offerings jncluded $5.000,000 American Power and Light debenture Gs to vield 6.25 per cent. $2 DIVIDEND VOTED INDEPENDE . Kan., Septem- ber 15 (®).—A dividend of $2 a share was declared today by the directors of the Prairie Pipe Line Co., payable October 31 to stockholders of record September 30. 90% 9% 82% 121% 504 35% 424 97 574 76% 68ls 108% Rep 1& S pf (7). Reynolds Sprngs Rey Tob pt (7). Royl D(al.73%). Rutland pf St Joseph Ld (2) St L Southwest. St L Swn pf (5). Savage Arms. .. Schulte Stor (§8) Seaboard Air L. | Seabd Alr L pf. . Seagrave (1.20). ars-Rebk (8). | Snattuck F G(2) Sheil Un (1.40).. Shell Un pf (8) Simmons Co (2). Simms Pet (1). Sinclair Ofl. Skelly Oil. Sloss-Sheff (6) oss-Shf pf (7). South Port S (6) South Pac (6)... Southern Ry (5). South Ry pf (5). pear & Co. Spear&Copf Spicer Mfg. Spicer pf (8).. Std Gas & EI(3). StdGas& Erts.. Std G&EI pf (4). StOfl Calif (2).. StONNJI (1)... StOUNJ pf (T). Std Plate Glass. 6 Sterling Prod(4) 0% Stew-Warner (5) 124 Stromberg (6).. 72 Studebaker (4).. Submarine Boat. Supertor Ofl.... 3 3 Symington. 15 Symington A 21% Tenn Copper (1) 10% Texas Co (3).... i Tex Gulf Sul (8). 108% Tex & Pac C & O. 1% Tex & Pacific. .. 53 Third Avenue 14% Tide Water (1) 32% Timken R B (14) 4 Tobac Prod (6).. 92 1 Tob Prod A (7) 10235 Transcont Ol 3% Twin Clty (4)... 59% Underwood (3).. 4% Un Bag & Paper. 59% Union Oil (1.30). 84 Un Pacific (10).. 141% Un Pacific pf (4) 5% Ctd Alloy Steel.. 30 Utd Clgar(a3). 834 United Drug (7). 126% Utd Dyewood. . . 20 Utd Papbd (50¢). 21% Utd Ry Inves pf. 67 U'S Cast Iron P. 1641 U S Distributing 33% U S Hoff (2).... 39% U S Ind Alcohol. 8915 U S Realty (8). 139 U S Rubber. 57% U 'S Rub1st (8). 1 104 U S Smelting (3). 16 USSmpt (33%). 46% U S Steel (17). 123% U S Steelpt (7) 1215 Universal Pipe 38 Univer P pt (7). 85 Ut PEL A (2).. 32% Vanadium (2)... 30% Va-Caro Chem. . 2% Va-Caro Ch ctfs. = Va Caro Chem B. 1% Va-Caro Ch pf. 12 Vivaudou. . 15 43 7% 71% 15 16 164 164 69% 70 49 49 201% 20% T35 T3k 1114 1113 964 9615 16% 16% 28% 234 30% 208 76% - 763 1824 13215 1254 128% 5% T5% 17% 174 20% 204 26% 25% 93% 93% 39 40% 34 o 26% 1085 1084 5% 5% 20 20 167 167 43 43 81% 65 27% 53% 4 15 43 Wabash pf A (5) Waldorf (1%)... Ward Baking A. Ward Baking B. Warren Co (4).. Warner A (1%). ‘Weber (4). West Pen (£) West Pen pf (7). West Maryland. West Md 2d pf.. Western Pactfic. . Western Pac pf. . ‘West Union (7). West Alr Br (6). Westinghs (4). Weston Elec. Wheel & L Erfe. White Eagle (2). White Mot (4).. White Rock (2 Wickwire ctfs... 3% llys-Overid... 27% 1ys-0d pI(7)~ 109% ‘Wwilson & Co. Wilson pf ctfs. 5 Woolworth (3).. 169% Worthn Pump... 44% Worthtn A (T).. 81% Worthton B (6). 65 Wright Aero(1). 28 Wrigley (13%).. 53% Yellow C (2.562). 43 Young3town (4). 79% 8% +0ad lot. ve Dalas oiherwise ploted. extra or ds are not included. Paia this yewr. o rerular rate. b al_in ‘1 g o aParabia in | m-7 “fi Efi: 12 20k SRS A 20% 4% 112% 9614 16% 23'% 31% 7 133% 132 76 185 20% 26 96 41% (v vox BONDS o ] Received by. Private Wire Direct to The Star Office. UNITED STATES. (Bales are in $1,000.) Sales. High. Low. 42 100 22 100 19 100 19 1022 101 101 15 102 11 102 80 106 19 Lib3%s. Lib1st4%s 9 Lib2d 4%s. 199 Lib3d 4%s. 854 Lib 4th 414 829 US4s1944. 31 US4%s's2 64 102 FOREIGN. Argentine Argentine Argentine Argentine Argentine 7 Austria 78 Bank of J; Belgium 6 Belgium 6% s wi Belgium 78 wi. . Belglum T%s. .. Belgium 8, Berne 8s. Rolivia 8s. Bordeaux 65 Brazi] Brazi] 8s Canada 55 1926 Canada §s 1931 Canada Fs 1362 Canada 5% 192 Chile 7s 1943 Chile 1941 Chile 8s 194 Chinese Gov Ry 5s. Christiania 6s. ... Christiania 8 . Con Pow Japan 7s. Copenha Cuba b% Czecho 8 = Czecho 88 1952 ct.. Danish Munic 8s A. Denmark 6s. ... Genmark DEI6%s Mch I DEI5%s Nov '53. Dutch East 16562, £l Salvador 8s '4! Finland s f 65'45. . Finlands 7s. . Frameriean 7%s French 7s French 7%s French 8s German T Ger Gen Elec Greek 7s Haiti 65 Holland Amer 6s. Hungary 6% Tapanese 4s Japanese 63%48. . Jergens U M 65 '47. Lyons Mursel Mexico 4. Mexico 4s “10 asntd Montevideo 7s. | Netherlands 6s ‘54. Netherlands 6s°'72. Nord 6%s Norway 6%s wi... orway 6s 1943. orway 6s 1944. Norway 6s 1962. Norway 8s..... Orient Dev deb 6: Paris Orleans 7s Peru 8 Poland 6s '40 Poland 8550 wi Prague 7%s. . Queens!and 6s. Queensland 7s. ... Rio de Jan 85 1946. Rio de Jan §s 1547. Rlo Gr Do Sul 8s. Sao Paulo State 88 Stof S Paulo rets. Seine Dept cf T Serbs Crot Slo Sweden 5% s ct. Sweden 6s. Swiss 535 1946 Tokio 5s... . Ud Kingm 5% '29. Ud Kingm 5%s'37. Uruguay 8s Zurich 8 e EISIRTSS. T TN TP QEPRE R~ -JOR - V-4 FRP 2 e —w =3 Close. 102 100 30 100 30 Sales. High. Low. Clos 87 9Ly 96% 964 102% 9T 99% 99% 86% 93 96% 169 107% 108% 96% 89% 8314 984 100% 102% 103 102% 101% 109% 109% 454 98% 1% 91 98 101% 100% 4 100% 110 102% 110% 1007 100% 102% 106% 8 9413 94% 93 100% 105 9874 9344 MISCELLANEOUS. Am Agr Chem 7%s Am Chain sf 6s°33. Am Repub deb 6: Am Smit & R 1st 5 Am Bug ref 6s. AmT& Teltr 4 Am T & T cl tr b AmT&Ts 15 AmT & T deb 6%s. snaconda 1st 6s. Avaconda cy db 7s A .des Cop Tsrcts. Armour & Co 4%s. Armour Del 6%s. . Associated Oil Atlantic Refin 5s Barnesdail s f 8s. Bell Tel Pa bs. Beth Steel pm 53, Beth Steel rf 6s. . Beth Steel 535 '53. Beth Steel s { 65. Brier H St 1st 5% Bkiyn Ed gen 55 Brooklyn Union 6s. Bush T Bldg 65'60. Cen Leth 6s 45 cfs Chile Copper 65 Col Gas & E1 Commonwth P 6 Con Coal Md 1st § Con G NY 5%s wi. Consumers Pow § Cuba Cane cv 7s. Caba Cane cv d 8 Cuban Am Sug 8s. Dery (DG) 7 Det Edison 58 °40. . Duquesne Light Est Cuba Sug 7%s. Empire G&F 7% Fisk Rubber 8s. Goodrich 6 %: Goodyear 85 1931. . Goodyear 8s 1941. . Hershey 5%s wi Hershey 65 1942 Hoe & Co 6%s. Humble O & R 5%s Illinois Bell 1st 6s. Tilinois Steel 43%4s. . Int Mer Marine be. Int Paper b: Inter Paper 6: Kelly-Spring 8: Lackawa S 58 '50. . Lacl G ref 6s ‘34 Laclede G 5% Lorillard (P) b: Lorillard (P) 78 LouisvG & E 58’62 Manat! Sug sf 734s. Mid-Con 6348 °40. Midvale Steel bs. Montana Pow 5s. Mor's & Co 1st New Eng Tel b NY Ed bs'44 wi N Y Eden 1st 6%s NYGELH&P NY Tel 4% N Y Tel 63’4 North Am Ed 6! North Am Ed 63§ Nor Ohlo T &L Nor States Pow bs. Nor States Pow Otis Steel T%s. Pacific Gas & El bi Puc T & T 58’53 Pan-Amer Pete 6. Phila Co 5%n '38. Phila Coref 65 A. . Phila & RAC&15s Public Service P ServGasb% P Serv Gas 5% "64. Punta Alegre 7s... Sharon St1 H 8s. Sinclair O1l 6 Sinclair Oil 6%s Stnclalr Ol 7s. Skelly O1l 6 South Bell Tel b: Southwest Bell 5s. Sug Est Orient 7s. Tenn Elec Pow 6: - 5 8 4 18 P . 87 5 59 13 i6 51 13 <SS [ =y O~ PP TS pe i3 a® aRSuSwanm 9 e GwhnawmeEo R B LarZoursomaaon o R e oo s T 104% 98 9T% 9845 102% 97T% 1044 98 97T% 9T’ 1024 974% 1015% 9645 102% 100% 108 98% 88% 92% 1024 99% 105% 1024 92% 98 864 Y4 100 101% 101 95% 100% 109 101 102% 83 103% 97% 94 98% 108 83% 102% 107% 06% 106% 104 104 112% 105 4 110% 120% 984 104 102% 101% 100% 93% 85 91% 96% 104% 99% 101% 101% 90 100% 100% 967 115% 96% 100% 97% 91t 99% 83% 100% 100% 113% 88% HT% 107% 100% 104 92% 96% 106 101 96% 97% 106% 984 1038% 100 98% 104 108% 105 108% 106% 87 92 100 101 11 101 11 1026 10227 10227 106 12 106 17 1026 87 96% 96% 9612 102% 97% I Sales. High. Low. Close. USRublstrf6s.. 18 90 9% 90 USSteelsf5s.... 17 106% 106% 106 Utah Pow & Lt6s.. 7 95 94% 94% Va-Car Chem 7; 17 102 101% 101% Va-CarCh7%sw.. 48 88% B88% 88% Vertientes Sug7s.. 5 89 89 89 Warner Sug 7s'41. 2 921 92% 94 West Elec 55 121 101 100% 100% Westinghouse 7. 6 106% 106% 106% Willys-Ov 6% s 12 102 102 102 Wilson & Co 1st 8s. 2 97% 97% 97% Wilson& Coevés.. 1 70 70 10 Winchester A 73s. 2 101% 101% 101% Youngstu S & T 6s. 21 100's 100 100% RAILROAD. 74 83% 89% 87 89 93 Ann Arbor 4s. Atchison adj 4s. Atchison gen 4s. .. Atlantic C L ¢l 4s. B & O Gold B&Ocvikhs B & Oref 5 90% B&Olstbsct... 102 B i e 2 B 102% 87 97% ; 72 Bklyn Manhat 6s. Canada South 5s Canad North 7s. . Canad Pac deb 4s. . Car Clinch & O 6s. Cent of Ga 6s. Central Pacific 4s. . Cent Pac 1st 5890 Ches & Ocv 4s. Ches & O gn 414s. . Ches& Ocvbs.... Chi & Alton 3%s. Chi& Egn5s Chi Great West 4s. CM & Puget Sd 4s. it Wref5s.. NW1s Chi Rys 5s. & ChiRT&F gn ds.. ChiRI&DPr ChiTH&SE s Chi Un Sta 4% Chi Un Sta 5s Chi Union Sta 55 ‘44 2 Chi Un Sta 6%s. Chi & C& WI5%s’62 CCC&StL5s..... CCC&StLrf6sA. Clev Term 5 C&S1st4s'29. Colo & Sou 4%, Cuba R R 58. Del & Hd (st rf 4s. Del Hud cv 58 '35. . Del & Hu D & Rio G imp 5s. . D & Rio G Wst 5 Erfe 1st cons 4s. Erie gen 4s. . Erle conv 4s A Erle conv 4s B Erie conv 4s D. Erfe conv ext 7s FlaEC58'74..... Fla W& N78'43. Gr Trunk sf dV 6s Grand Trunk 7s Great North 5 11 Great North 5% 9 Gr North gen Ts 16 G Mob& B'50 8 Havana ERL&P 50 10 Hud & Man ref 5s.. 21 Hud & Manaj5s... 4 Ill Central ref 4s 6 11l C-C St L&NO 58. 2 Int Rap Tran 5s. .. 163 Int Rap Tr 5s stpd. 138 Int Rwp Tran 6s Int Rap Tran s Int & G Nor aj 6i fowa Cent rf 4s Towa Cent 1st 58. Kan City Ft S 4s. KansasCity S 58 Kan City Term 4s, Lake Shore 4s '28. Lake Shore 4s'31. Lehigh Val 55 2003. Louis & N5s B Louis & Nash Ts. Manhat Ry en 4s.. Market St Ry 7s Mil El Ry & L 5 M StP & SSM 6% MK&T ist4s MK&Tad) bs MK&TprinssA. 3 MK&TS6sC. 5 1027 Mo Pacific zen 4. 31 6> Mo Pac 5s 1965. 1 8 Mo Pacific 65. 48 101% Mo Pacific 6s cf 10t Montrl Tm 1st 5 7 Nassau E Ry 45 '57. NOTex&M5s B 141 N Y Cen gen 3 N Y Cent deb 48 N YCentriss N Y Cent deb 6 N Y Cent LS cl 3%¢ YLhi&StL5%s N T P New Havenc d 6s K'Y Ont W 1st 4 N Y Rys6s°65..... 215 NY W & Bos 4%s. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3s Northern Pac 4s. Northern Pac 5s D. Northern Pac r i 63 Ore Short L ref 4s Pennsyl gen 4% Pennsy! gen 5s. Pennsyi 55 '64 Pennsyl 6%s. Pennsyl gold 7s. ... Pere Margq 1st 5s. PCC&StLGsA.. Por RL & P 6s'47. Reading gen 4%s. Rio G W Ist 4s. Rio G West cl 4s. RIArk &L 4%s. St L IM&S 45°29. St L IM&S R&G 4 SIL&SFplisA 9215 69% 27% 67% 90% 138% 0% 81% 96% 69% 27% 6% 904 1384 5 60% 84% 96 106% 9T% 9Th 97H 53 92% 925 6 101% 101% 101% 93%_98__ 98_ 22711 TT10% 116% 3 1084 1084 108% 99'a 98% 984 9% 98% 99 94% %6 2% 874 957 88% 7% 91% 99% 93% 95% 102% 10 0 2 17 StL&SFplesC St S W 1stds. StL S W con 4s'32. St P& KCShL 4%s San A & Arn P 4s. Seabd A Liref 4 Seabd A L adj b Seabd A L con 6s.. Sou Pacific 45'29. . Southern Ry gen 45 59 Southern Ry 1st bs. 2 Southern Ry 6s ct. Southern Ry 6%s. Third Averef 4s. Third Ave adj 5s. Tol StL & W 4s Union Pac 1st 4 Union Fac 1st rf Union Pac 4s '27. Union Pac cv 68 Virginia Ry 1st 5 Va Ry & P 1st 5 Wabash 1st 55 Wabash 538 75. Western Md Wheel & LE ¢ 27 97T% 97, 7 66% 66% 3 77 ki LIVE STOCK BOOM ON - . IN WEST VIRGINIA Special Dispatch to The Star. WESTON, W. Va., September 15.— Shipping records show that around $1,000,000 worth of live stock has been, shipped out of Lewis County to the leading cattle markets during the first seven months of this year. Dur- ing July and August 84 cars of sheep, containing 21,000 head, and 149 cars of cattle, containing 2,725 head, were shipped from the four centers of the county—Weston, Jane Lew, Boan- ville and Wilson Siding. This repre. sents a large Increase over last year's shipments, 106% | FINANCIAL. lCrude Rubber Up 7 Cents Per Pound In Trading Today h to The Star. YORK, September 15.— Crude rubber advanced 7 cents a pound today, to 90 cents. This com- pares with 80 cents a month ago and 28 cents a year ago. WHEAT BIT HIGHER IN MARKET TODAY Pressing of Canadian Grain for Sale Weakens Prices in Day's Fhrly Trading. By the Associated Press CHICAGO, September 15.—Reports that Canadian wheat is pressing for sale at the seaboard had an early bearish effect on wheat prices today. Besides, Liverpool quotations falled to respond to yesterday's upturn in values on this side of the Atlantic There were denials, too, that frost was threatening damage to crops in Argentina. and it was contended that the critical time for Argentine frost is the middle of November. Opening prices, unchanged to 1% lower, De cember 1.48% to 148% and May 1.51% to 1.51%, were followed by moderate rallies, but then by new set- backs Corn and oats were relatively firm. Selling was mostly in small lots. After opening unchanged to 7 off. Decem ber 831 to 831, the corn market sagged a little more, but then scored slight general rains. Oats started at 13 lower to %4 up, December 42%. and held near to initial figures. In line with hogs, the provision market was steady. WHEAT— September December May CORN-— September December May Bats September December RYE—- September Deceniber May HUGE BANANA SHIPMENTS ARRIVE IN BALTIMORE Special Dispateh to The Star. BALTIMORE, September 15.—Bulk imports received at Baltimore last week include: Bananas, 94,828 bunches; chalk, 600 bags. crockery {and toys, 1,732 cases; fertilizer, 1,250 bags: iron ore, 35800 tons; manga- nese ore, 901 tons: molasses, 1,300,000 gallons: crude oil, 298,000 barrels: pyrite ore, 7.628 tons: rags, 2,142 bales; barbed wire, 1,662 reels, and \luudpulp 4,895 bales. —e WOOL TRADING FAIR. BOSTON, September 15 (Special).— Trading in raw wool continued in fair volume today. but on the whole without distinct improvement in sen- | timent. Fine wools were in best de mand. Fleece wools were quiet, but a fair amount of good combing three eights and guarter blood stock has been sold at 50 cents grease basis. NEW YORK EDAliYiPBXCES. NEW YORK, September 15 Butter—Firm: receipts, 12 creamery, extras (92-score), 47%. Egg: irin; reecipts, 25,511 cases: fresh-gathered, extra firsts, 37a40; do., firsts, 3313a36; do, seconds and poorer, 28a33; nearby hennery browns, extras, 45a53. DRY GOODS UNCHANGED. NEW YORK, September 15 (Spe- clal).—Cotton goods markets were quiet today at unchanged price lev- els. Print cloths were quoted at 93 for 64x60s and 10% for 68 Raw silks were steady in a m erately active market. TODAYS METAL MARKET. NEW YORK, September 16 (®).— Copper dull; electrolytic, spot and fu- s, 147. Tin firm: spot and nearby, futures, 58.00. Iron steady: s unchanged. Lead steady; spot, 50. Zine steady; East St. Louis, spot and_futures, Antimony, 'spot, | 17.00a1 CALL MONEY LOWER. NEW YORK, September 15 (P).— Call money easfer; high, 414; low, ruling rate, 4%; closing bid, 4; of- fered at 41;; last loan, 4; call loans against acceptances, 3%. Time loans firm; mixed collateral, 60-90 days, 4% a415 4-6 months, 41ca4%; prime mer- cantile paper, 4 CHICAGO CASH GRAIN. CHICAGO, September 15 (#).— p 0. 2 red, 1 No. 2 hard, Corn, No. 2 mixed, 96%; No. 2 yellow, 4a97%. Oats, No. 2 {white, 40%a4l3z; No. 3 white, 40%a 140%. Rye, No. 4, $7. Barley, 66a78. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) 0on —— oger, 155%. ] : ] E8B3EEBRREISIRE SRR RO S R 1929 5,3033 Adirond. P. & L. C. Alum. Co. of Amer. ‘Amer, Beet Sugar Am, el & Tel. 431 ‘Anaconda 'Cop: Atssaatea oM 6s lo3s s Fbe it EL s ETELE o s i EoEEECE0on0 5! c"u ¥ Ljons 08 163 15" of Lyons Columb. 5 € E Lot Contmmul G E Du Pont 7 Erie R. R. Federated !Pll Goodyear T. & K. Sreae Northern, Gull 01l Cor a. 5 Hock “Val. Humble Oi1 6'&' 1932 Ifhlrh Po;ls>e C. 6 S00325 882355255595 M.S. M New Qrexon Snort Lin 4 Penna. R, R 130, Sinclair Cr. O St G B 1038 Tidewater 0l Slae 1 Cnion P B B, o ihper 552 ESRIRTRE232SE FEIT FEIEE WFWE ¥ Wediarn ‘mon Wegtinghouse | ed 2t 10%%. Aucust 155 1925, §558 2533353585503 GERMAN BON])S AND STOCKS. (Quoted in dollars per million marks) = ke Ger Gt (w In) 5s 1014-18. snoo gz5.00 Hamburg 4 3s 1 0000 nmd nnm *78:08 SelQuioted in dollate per tho 7o ioted it dollars ber. tho Ger Gen Elec 4 %8 pre-war. ger Gen Elec & s £5%5" Berlin 4s pre-war Hamb 3n. SU3 & 4p'pro'w amburs-Am Line 4 % Rorth Ger Llovd 4 54 North SGorman . Lioyd Prissian Crmw‘ll 3%, 2 - 8 H 2 oEasE - Roiestiio 23338 233533333523 Frankfort a-M 4a pre. Munich 4s pre-wa; Badieche _Anilin. A E G (German ‘Ge Eléc) Commerz and Privat Bank Disconto. Gellsch Dresdner Brticehe Bank: Darmstaedter Bank. Mercur Bank Vienna: 8BRS 0! 2 ioiacs s 8332223338513233833 -8 338 TREASURY CERTIFICATES. (Quotations furnished hy Redmond & Co.) FOLGER SELEGTED CHIEF EXAMINER Appointment of Local Bank Supervisor to Be Made Late This Afternoon. BY CHAS. P. SHAEFFER. W. P. Folger will be the next chief national bank examiner of the fifti Federal reserve district, it was learned at the office of the controller of the currency this morning. The appoint ment will be made some time t afternoon, it was indicated Mr. Folger will succeed Edwin T Rorebeck, formerly chief examine: who resigned some months ago to fo low another pursuit. The new incumbent of th tant office is extremely pop mong the Washington banking fraternits where he has been in charge of exam inations for the last fc vears. His appointment, which is a prerogative of the controller, meets with their unqualified appro and Is added evidence of the congeniality as exist ing between an administrative office and the public it serves—in contrast to conditions before of the present administr the then controller m always at odds with the interests he served Mr. Folger has had seven years perience in bank examining. he will have entire supe every examination condu District of Columbi#, Mary ginia, West Virginia, North and Carolina. Trading on Local Board Today's session on the Washi Exchange was one of the dull the year. Capital Traction. selling ex d)\idvnd 1% per cent, advanced slight to 99 on sales of ,unonal Mortgage and preferred firmed up to of 20 shares. A sale of $500 o Traction bs at 99% concluded activity. Riggs Declares Dividend Directors of Riggs National vesterday declared the regular annual dividend of 6'; per an extra disbursement of 1 both payable on October 15 of record September 30 These declarations co established last October, first semi-annual extra of 1 | was declared. In other words, stitution is on a definite level of per cent yearly, with extra disbur ments being made when officials fit. For the year ended Octol stockholders will have received : turn of 15 per cent on their inv ment. Daylight Saving Ends Sunday. Daylight savings time will end New York next Sunday, and on following morning Washington mission houses will start business ¢ hour later. New York Stock Exchange hou having local branches will then at 10 o'clock, standard time close at 3. On Saturdays close at 12 o'clock noon instea as has been the case for months. imp: per New Bond Status Urged. C. F. Childs & United States ( its last monthly I»\x!lPHn pub '~ o today, calls upon the United Government to place Farm Loan bond on the same plane as Liberty T other Government bonds. Land Ba bonds are now as fully tax-exemp Liberty 31s, enjoying this priviles: under Government regulations whic were passed 8s a means of amplify ing farm credit. The bulletin indicates unm that C. F. Childs & Co., have jc forces with other institutions wWhi are now seeking to prevail upon tb Government to recognize farm Io bonds as a direct Government ob tion. By doing this, it is held Government will help to crea wider secondary market for t bonds and thus will help out i program of reducing interest on loans to farmers. Long Conversion E“end?d The State Department has re: notice that the date for convers Folish 5 per cen itnternal lo: series of 1920, had been extende September 81, 1925. The conve is being made though the Po operative Bank of New York Bank Officer in Hospital. Roy L. Neuhauser, vice presid of the Citizens’ Saving Bank, is ¢ fined at Garfield Hospital, witt carbuncle, growing out of an infect brulse received while on vacation U. S. Certificates Allotted. The Fifth Federal Reserve Distri has been allotted $7.610,000 on su scription of 3% per cent Treasur certificates of indebtedness, datec September 15 and maturing in nine months. Total allottments throughout system amounted to $251,936,000. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co ninal Selling checl gold value today $4.8065 $4.84%y the Copenhagen, crown. Christiania. crown.... Stockholm. crown. NEW YORK, September 15 (&) Foreign exchanges steady. Quota tions in cents: Great Britain, demand 484%; cables, 484%; 60-day bills banks, 4807%; France, demand, 4 cables, 4.721: Ttaly, demand, 4.09% cables, 4.10. Demand: Belgium, 4. Germany, 23.80; Holland, 40. way, 21.65; Sweden, 26.82; Denmarl 24.76; Switzerland, 19.30. ., 14.4 Greece, 1.47; Poland. 17.60; Czecho- slovakia, 2.96;: Jugoslavia, 1.781 Austria, .0014% Rumania, .00141 Argentina, 40.50; Brazil, \; Tokio, 40%; Shanghai, 80%; Montreal, 100 WALL STREET BRIEFS. NEW YORK, September 15 (#) Steel bars have been advanced §2 a ton in the Pittsburgh district. August sales of Louis K. Liggett Co., subsidlary of United Drug, in creased to $3,575,141, compared with $3,103,716 in August, 1924, a gain of more than 15 per cent. Adirondack Power & Light reports net of $1,019,360 for the year ended August 31 against $928,546 the year before. NEW STEEL MERGER HINTED. YOUNGSTOWN, Ohio, September 15 (P).—Reports were current here that a merger of the Youngstown Sheet and Tube, Jones & Laughlin, Republic and the Inland Steel Cos. is possible. Trumbull also may be in- cluded. LIVE POULTRY STEADY. CHICAGO, September 15 (#). Poultry, alive, steady; receipts, cars; fowls, 21a27; Spri roosters, 17; turkeys, 20; ducl geese, 15all.