Evening Star Newspaper, September 17, 1925, Page 28

FIN EXTENSIVE SELLING SLOWS UP STOCKS Upward Movement Checked, But Not Stopped, by Profit Taking. BY STUART P. WEST. !l Dispatch to The Star. W YORK, September day's stock market ran into hea profit-taking, but not until a large number of stocks had registered bet- ter prices than any so far made this vear. The afternoon selling was ac- tive. American Car and Foundry was the leader during the period when the market was going up. with an ad- vance of over six points. Many New Tops Heached. A wide varfety of stocks made new tops. There were Chrysler, General Motors, in their section; American Car and Foundry, Railvay Steel Springs and Pullman in the eyuipment group. Then there were both clas of American Tobacco, Endicott-John- son, United Drug, Fleischman, Ameri- (un Smelting, General Baking, Armour ' United Paperboard, Gold Dust, Electric Storage Batter: Artloom, Arnold Constable, Atlantic, Gulf and ‘West ‘Indies preferred; Childs ‘0., Gimbel Bros., and Western Un On the list too, were Market preferred, Indian Refining certificates, Archer-Danijels and Kansas City Light and Power preferred. The strength of American Tobacco was accompanied by reports of very large buying recently by new inter- ests. The movement extended to other tobacco shares, Tobacco Products and United Cigar Stores. General Motors Under Pressure. Dupont got across 170, but General Motors ran into large realizing. There were sharp advances in Kelsey Wheel, Alr Reduction and May Department Stores, and a jump of over 6 points in General Electric. American Woolen, ‘Westinghouse Electric and National . Biscuit were all in demand at one time or other. In the public utility division ctric Power and Light, American Foreign Power and Havana Electric'were among the features. CLOSING TRREGULAR. 17.—To- Profit Taking Causes Reversal Price Trend at Finish. NEW YORK, September 17 (#).— The closing was irregular. Profit tak- ing caused a reversal of the price trend in the late dealings, although trading turned dull on the reaction. American Can fell 6 points from the day's high and New York Airbrake receded 4, while losses of 1 to 2% points were common among the rail- road, steel, oil and motor issues. To- tal ' sales approximated 1,600,000 of ANCIAL -— Abitiol Pow (4). Adv Rumley. Ahumada (t1).. Alr Reductn(t3). | Ajax Rubber. Alaska Juneau. . All Am Cable(7) Allied Chem (4). Allied Cm pf(7). Alils Chalm (6) . | Allts Chal pf (1) Am Agricul Chm Am Ag Chm pf.. Am Bosch Am Brk Shy Am Can (17). | Am Car&Fdy Am Chain A (2). Am Chicle { Am Drug. ‘Am Express (8). | Am & For Pow. Am&F Ppt (7). Am Hide & Lea. Am Ice (7). Am Internatl. Am La Fran (1). Am Linseed. Am Linsd pf 314 Am Loco (+18).. Am Metal (3)... Am Radlator (4) Am Safety R (3) Am Ship&Com. . Am 8 & Ref (6). Am S & R pf (7). Am Snuff (12). .. Am Stl Fdys (3) Am Stl Fy pf(7). Am Sugar...... Am Sumatra.... Amw TelxCa (3) . Am Tel&Tel (9). At Totacco (7). An TotaB (7).. An WW&EIL 1 Am Woolen. . Am Wool pf (7). Am Zinc pf..... Anaconda (3). Archer-Daniel: Armour Del (7). Armour IIl A(2). Arn Cons&Co. .. Arnold Con ctfs. Artloom (75¢) Art Metai (1) Asso Dry G(2%) AssoD G 2d (). As80 Ol1 (2)...- Atchison (7). Atchison pf (5). Atl Birm & At... Atl Coast L (18). AtIGulf& WI.. Atl Gulf & WI pf Atlantie Refing. Atlas Powdr (4). Atlas Tack. Austin-Nich Auto Knitter. Baldwin L (7). Bald Loco pf(7). Balto & Ohio(5). Bal & Oh pf (4). Barnsdall A. . Beech Nut(2.40). Belding Bros(3) Rethlehem Stl Beth Stl pf ( Beth Stl pf (8).. Booth Fisheries. Botany A (4)... 15% 164 104 H% 1067 110% 1% 11% L L SN LY 150 130 101% 101% 119% 89 1081 119% 119% 90 90% 10844 1081 22 67% 57' 394 39% 117t 117% . 245% 250 110% 115 137T% 142 424 a4 0 5Tt 114 88 29% 105% 1056% 6 36 < 123- 123% 95 95% 6 6% 95% 96 6% 6% 196 196 68 SB 5814 100\.T3‘»s 501 o 1o 28 28 & s 119% 120 5 111% 81% 664 20% 7 59% 59 1004 100% 50 5Obs 133 14% 284 284 o > 119% 121 111t 111% 82% 824 6542 21 73 89% 4'7‘- 116\-. 114% "2 llh 424 shares. Markets at a Glance NEW YORK.—Stocks, _irregular; railway Steel Spring advances 13 points. Bonds, firm; Florida, Western and Northern 7s jump 11 points. For- eign exchanges, mixed; Belgmn francs recover. Cotton, steady; bullish pri- vate crop estimates. Sugar, steady: trade buying. Coffee, firm; firm Bra- zillan_markets. CHICAGO.—Wheat, higher; firmer cash markets. Corn, lower; larger country offerings. Cattle, dull. Hogs, irregular; shipping outlet narrow. Pt e S e RUBBER TURNS CHEAPER. NEW YORK, September 17 (Spe- clal).—Crude rubber prices declined 3 cents a pound today to 91 cents. This compares with 75 cents a month ago, at 273% a year ago. i s Washington Stock Exchange SALES. Poloyjac Electric . & . 7a '41—$1.000 at 107 Wadhiizton G '33_8300_at 102 svflo"u o8 48h0%% 1035 521000 at 000, 8t a® 104 { a% “$2.000 at 103%. slu«o 20104, 83 08500 10: ‘\\nnmm.n Rwy. & Elec. 46—$500 at Fotomac Eleo. cons. 55—$1.000 at 99% . Caital Traction Co—* at 9% 1o"hasRineion Rucy. & Elec. pd—4 at 87, ‘Liheris Vational” Bank—6 at 200. 401. Rigxs National Bank—3 at 5 at Lanston Monotype—15 at 85. enler HRorme—1o S 186%. AFTER CALL. Washington Rwy. & Elec. com—10 at o Capital Traction Co.—30 at 993, 10 at ington Rwy, & Elec. com.—10 at m at 150. 90 at 150%. 10 at 160, hinkton Elec. pfd—20 at 6% % n 8% 5'at 86 s e 86 ;uhml}on .“““ Elec. §. & r. Lanston Monotspe—10 at 85, 30 at 85, (-m. 40 a8 0 at 20 at 85. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY, American Tel. & Tell el rm-l Traction R, R lumu "Ele: '?u 5 Wash Wash Bt Washington” 36% 87 137% 139% 58% B8% 89% 91% 144 144 Briggs Mfg(3%) Bkl Edison (8).. Bki-Man Tran Bkl Union G(4). Brown Shoe (4). Brunswick-Balk. Brunswick Ter.. Burns Bro (10).. Burns Br B (2).. Bur Add Ma (3). Bush Terminal. . Butte Cop (50¢). Butte & Sup (1). Cal Packing (8). Calif Pemt (2).. Callahan Zinc. .. Calumet & H (1) Can Pacific (10). Case Threshing. Cent Leather.. . Cent Leather pf. Cen RRoLNJ 112. Century Rib (2). Cerro d Pasco(4) Certain-Teed(4) Chandler (3). Chees&Ohio (4) . Ches&O pf(6%2). Chi & Alton pf.. Chi Great West. Chi Gr West pf.. Chi M1 & StP... Chi Mil & StP pf. Chi & Nwn (4).. ChiPneuT (5).. ChtR1& Pac... CRI&P pf (6). Childs (32.40)... Chile Cop (2%). Chrysler Corpn. Chrysler pf A(8) Coca-Cola (7). .. 984y 17% 1% 6% 6% 12% 12% 130% 131% 27 27 2% 2% 15% 15% 145 145% 456 45 20% 20% 63 63 286 286 32 32 54% 56 | Col Fuel & Iron. Colo Southern Colo Sou 1st ( Col G & E (2.50). Col G &Epf (7). Col Carbon (4).. Com Solv A (4).. Com SolVB. ... Congoleum (2).. Conso\ Cigar. ... Consol Distribut Consol Gas (5).. Consol Textlle. . Cont Can (4). Cont Insur (6).. Cont Mot (80¢).. Corn Prod (2)... Coty, Inc (3.80).. Crex Carpet (4) . Crucible Stl (4). Crucible pf (7).. Cuban Cane Su.. Cub Cane Su pf.. Cuban-Am S (2). Cuban Domin. .. Cuban Dom pf. Cudahy Pkg (7). Dantel Boone. ... Davison Chem. . Del & Hud (9).. Del L & Wn (17) DRG Wstpf... Detrolt Ed (8) .. Detroit Ed rts. ... Lodge Bros CLA. Dodge pt (7).... Dome Mines (2). Doug Pectin (1). Dul S S & Atl pf. Dupont (19) Mastman (18)... Eaton Axle (2).. 105% 105% 102 102 23 28% 112% 112% 1% 11% 36% 385% 49 49 48% 5% 99% 10% 45% 24% 3% 25% 101% 101% 1% 1% 42% 42% 148 148 140 140 44% 44% 133% 189 3 3% 28% 29 88% 88% 16% 15% 21% 21% 6 6 169% 171% 1074% 108% 24 25% 25% 1004 100% 1% 1% 41% 42 148 148 189% 139% STOCKS. PUBLIC UTILITY. of Washinzton TRUST COMPANY. American %!ru Second . National Bani E"fmu s.vnnn & Trust. Al ' Trad lllWl\ ‘Union.. TITLE INSURANCE. Columbia Title. Real Estate Ti MISCELLANEOUS. D,y Rager,ptd 5 e LanokpS. Ee{remhler inotype. . i o Elec Powr & Lt. EIP&Lpt (7).. E P&L pf 40% pd Klec Str Bat (4). Emmerson B pf. End John (6)... ErfeRR . . Erie 1st pf. Exchange (13). Fairbks (2.60).. Famous P1 (8).. Famous P1 fu pd Famous pt (8).. Federal Lt *1.40. Fed Min pf (7).. Fisher Body (5. ¥isk Rubber. ... Flelschmann(15) Foundation (8).. Fox Film A. Freeport-Texas. Gabriel A (2%). Gardner Motor. . Gen Am Tnk (3). Gen Asphalt.... Gen Asph v!((‘l’). Gen Electric (8). Gen El spec 80¢ Gen. Motors (17) Gen Mot pf (7).. Gen Mot deb (6. Gen Outdr Adv. 92 107 69% 112% 112% 111% 111% 1184% 118% 136% 136% 1% 1% 16% 17 341 34% 11% 11% 56% 68 557% B6% 00 100 177% 183 95 96% 819% 826 114 11% 100% 100% 112% 112% 95 93 32% 32% 31% 32 GenOutdr A(4). 544 544 53% 53% Gen Petrm (2).. 47% 47% 464 46% Gen Ry Sig V‘lV. 340 m !2! 823 Gen Refrac(2). Gimbel Bros. . . fll% 01% czu 51% Gimbel Br Df('l) 120;% ll)o‘V: 105% 105% Open. High. Low. Close. | 6613 66% 661 | | Hayes Whi 13% THE EVENING 'STAR, WASHINGTON, D. NEW YORK STOCK EXCHANGE . Received by Private Wire Direct to The Star Office Opon. High, Granby Consol.. 19% Grt North pf (5) Gt Nor Ore (1).. Grt Wstn Su (8). 101 Gulf Mo & Nor.. 33% Gu M & N pf (6). 1043 Gulf States S (5) 83% Hartman (2%).. 2% Havana Elec (6) 242 41 47 v 49 6614 24 5% 71 66 20% 25% 22% 8% Hoe & Co A (4) Homestake (t4 Houston Ofl...... Howe Sound Co. Hudson Mn (2%} Hud Man pt (5). Hudson Mot (3). Hupp Mot (1). Indep Of1-(1). ... Indian Motorey . Indtan Refining. Thdian Refg ctfs. Ind Ref pf (7)... Inlund St (235) . Inland Stl pf(7). Inspirution (2).. Interub Rap Tr Int Bus Mac (8). 146% Int Cement (4).. 69%a In Cement pf(7). 104%s Int Com Eng (2) 47 Internat Har (5) Int Mer Marine. . Int Mer Mar pf. Int Nickel (2)... Int Paper. ... Intl Paper pf (7) Int Tel & Tel (6) Int Tel & Tel rts Intertype (t1%) Jones Bros Tea. Jordan Mot (3).. KCP & L st (7). Kan City Soutn. Kan C So pf (4). Kayser (Julius). 43% 108 28% 28% 1824 Kelsey Whi (6). necott (3). .. Keystone T & R. Kresge Dept S. .. Lee Tre & Rub. Lehigh Val (3%) Liggett & M (14) Lig & My B (14). Lima Loco (4) Loews Inc (2)... t. Long Bell A (4). Loose-Wiles. Lorillard (3) Loulsiana O11 Louts & Nsh (8 Ludium (2)... McCio B (1.60).. Mackay pf (4)... Mack Trucks (§) Mack T 18t (7).. Macy H R & Co. Magma Cop (3).. Mallison & Co. Manati (5). Man El Sup(4%) Man-Elev gtd. .. Man E md g (5). Man Shirt (13%). Maracatbo Ofl. .. Market Street. Market St prior. Market St pt Market St 2d pf. Marland O (75¢) Malin Rock (1).. Martin-Parry (2) Mathleson Alka. May Dept St (5). Metro G pf(1,89) 73 | Mexican Seabd. . Mtami Cop (1) 0 Mid St Pr pf 110. Minn & St Louts. Min St P & SSM. Mis Kan & Tex. M K & T pt (5) 1ssour! Pacific. Missouri Pac p! Mant Power (4 Moon Mot (3). Mother Lode 7i Motor Met (3.60) Motor Wheel(2) . Murray B (12.40) Nat Acme (sta). Nat Biscult (3).. Nat Cloak (4)... Nat Cloak pf (7). 4% 38 Nat Enam pf (1) Nat Lead (8). ... 1 Nat Ry Mex 2 2 Nat Supply (3).. N Y Air Br (4).. NYAIrBrA (4) N ¥ Canners (2). - N Y Central (7). NYC&StLpL(8). N ¥ Dock. .. NYNH& Hart. N Y On&Wn (1). NY Rys part cfs. Niag Fpf (1%). Norfolk South. .. Nort & West (7) North A (B3.40). North Am pf (3) North Pac (6). Norwalk (1.60).. Nunnally (1).... Ontario Mining. . Onyx Hoslery. Oppenhetm (3) Orpheum (1.80). Otis Elevator (6) Otis Elev pf (6). Otis Steel. - Otis Steel pf. Owens Bot (l)A . Pacific Gas (8) Pacific Of1 (3)... Packard (11.70). Paige Mot(1.40). 25% | Pan-Amer (6)... Pan-Amer B (§). Park & Tilford Penick & Ford Penn C & Cke. ... Pennsy RR (3). Penn Seab Steel. Peoples Gas (8). Pere Marq (4)... Pere Mar pf (5). Pere M prior(5). PhlaCo (4). Phtillp Morris. .. Phil-Jons pf (7). Phillips Pet (3). Plerce-Arrow. .. Plerce-Arrow pf. % | Plerce Ofl. .. Plerce. Petrol Pitts Coal... Pitts Ut pf 11.20. Pitts & West Va. Postum Cer (4). Press Steel Car.. Prod & Refiner: Pub Ser N.J.(5). Pub Se E&G pf Pullman Co (8 Punta Aleg Sug. Pure Ofl (1%).. Radio Corp of A. Ry St18pg (8).. 1 Ray Cons Cop... Reading (4)..... Reading rt Reading 1st (). Reading 2d (2).. Robt Rels & Co. . Repiaspt » . nolds Rey Sprngs 967 | Rey TobB (3)... .83 Royl D(al.7T3%). St Joseph Ld (3) % | StL & SanFr((7) St L Southwest. Savage Arms. Sehulte s;or'(l ) 28% shnmukr G Shell Un (1.40).. ‘Simmons Co (3) low. 82% 30 41 66 24! C., THURSDAY, SEPTEMBER 17, 1925. PRICES GO HIGHER . | Cox~ex vor BONDS srocx sxcaance) by Private Wire Direct to The Star Office. UNITED STATES. (Bales are in ,000.) INBOND MARKET Flonda, Western & North- ern 7s Again Overshadow Other Slower Moves. % 242% % % BY GEORGE T. HUGHES. ’5" Special Dispatch to The Star. 059‘ N W YORK, September 17.—In- 20% | fluenced by renewed ease im money, 49'% { 91 | 34 209% 106 43! 25! 45 215 118% 45 31% 29 1 and by the remarkably quick absorp- tion of new issues, today's bond mar- ket was active and strong. The fea- ture of the day was the large over- eubscription to the $50,000,000 Bell Telephone Co. of Pennsylvania first and refunding 5s, series “C,” offered at par. The bonds went to a premium, which at one time amounted to almost 2 points, as soon as they were listed on the Stock Exchange. The same testimony to the invest- ment appetite for new bonds was given by the further advance today of the German Agricultural Bank 7s offered Tuesday. The original price was 93, but the bonds sold well above 94 today. Another spectacular advance Florida Western and Northern 7s, amounting at one time to over 11 points, was the feature of the specula- tive group. Investment demand showed itself in inquiry for bonds of the grade of St. Louts-San Francicco prior len “A™ 4s and Southern Rallway general 4x. As a group the Liberty loans and the Treasury lssues improved. Treasury 4s sold above 103 for the first in some time. in SHIP LINE ASSERTS RATES ARE UNFAlR Rallroads in the Southeastern quar- ter of the United States were charged with following general polictes of dis- criminating against ocean-borne trans- portation. in the terms of a complaint filed today with the Interstate Com- merce Commission by one of the princi- pal. intercoastal shipping lines, the Luckenbach Steamship Co. The commission was asked to correct the situation by forcing the rafiroads to make new rates in conjunction with e steamship company for joint ship- ment moving partly by water and % |partly by rail into and out of the Southeast quarter of the United States. The existing statutes, the complaint asserted, requires the commission to protect water transportation from dis- crimination of the kind alleged. As _an illustration of the situation attacked, the complaint said that the Southern Railroad would ship a hun- dred pounds of salmon from New Or- leans to Birmingham at 16.8 cents If the shipment came from the Southern Pacific Railroad and had been carried !4 |overland from the Pacific Coast. If % % % % 22 o 138% | the Luckenbach Co. brought a ship: 3% | ment of salmon from the Pacific Coast 39% | via the Panama Canal to New Orleans, 42% |the complaint asserted, the Southern 87 87 5 31% 3l 49! % 121 94 36% 28 39 58t 50% 1 16 13% | Tebac Prod 7 33 48 30! 136 109 18 88 69! 21 64! | Railroad charged the proportional rate from New Orleans to Birmingham of % 49 cents per 100 pounds. 18% 2644 i 102% 98 85 Sloss-Shf pf (7). South Port 8 (6) Std Gas & EI(3). StdGas&Erts.. Stand Mill pf(6). 8t Oii Calif (2) StOINJ (1)... StON NJ pt (7). Std Plate Glass. . Sterling Prod(4) Stew-Warner () Stromberg (6).. % | Studebaker (4).. Submarine Boat. % | Superior Of1. ... Sweets (uew)... min Symington A(2). 14 | Tenn Copper (1). ‘Texas Co (3).... 186% | Tex Guif Sul (8). 11o% % | Tex & Pac C & 0. Tex & Pacific. ... % | Tide Water (1).. | Timken R B (14) Tob Prod A (7) % | Transue & W (2 8% ‘Transcont Oll. 14 | Underwood (3).. Un Bag & Paper. 62% Union Oil (1.30). 34% 3% | Un Pacific (10).. 141% Un Pacific pt (4) 75% % | Un Tank Car(5). 125 Utd Alloy Steel.. 31% 1% 53% 1134 | 14 % 53% Utd Cigar(a3%). 84% 41% United Drug (7). 138 UtdDrug 1st 3% . % | Utd Papbd (50c). %1 Utd Ry Invest. 65 64 Ind Al p£(7). 112‘ Realty (8).. 141% ubber. 59% 104% 48 J12¢ 125 38% 33 33% Universal Pipe. . Univer P pt (7). Utll PEL A (2).. Va-Caro Chem. . w-ra Baking Warner A (1% warren Co (4) West Maryland. ‘Western Pacific. . ‘Western Pac pf.. T6% West Union (7). 137% West Alr Br (6). 181% ‘Westinghs (4).. 76% Weston Elec. ‘Worthn Pump. 1m 7 108% | Wright Aero(l) Yellow C (2.52). 48 45% 4. 7 it l’w;:;t&'n (0. 79% Sales. High. Low. 100 i9 100 16 1022 1011 101 16 101 13 102 13 102 10 103 2 10622 106 14 Lib3ys... 5 Lib 1st 4%s 23 Lib 24 4s. 128 Tib3d 4%s. 346 Lib 4th 434 ¢ 299 WS 4s1944.1028 US4 81 Close. 100 15 102 | 1011 101 16 102 11 103 106 20 1021 100 81 10231 FOREIGN. Sales. High. Low. Close. Argentine s Canada b3 1926 Canada 58 1952, fanada 53 192 Chile 78 1943 Chile 85 1926 Chile 8s 1941 Con Pow Japan 7s. Copenhagen 5%s. . Cuba b%s. .. Czecho 85 1951 Czecho 85 1952 Denmark 6s Denmark 8 DEI5%s Mch '53. DEI5%sNov's3. Duteh East I 6847 ct.. Framerican 7%s French 7s. Murseille Mexico 4; Montevideo 78 Netherlands Netherlands Nord 6%4s. Norway 5% s wi Norway 651943 .. Norway 65 1944. Norway 6s 1952. Norway Paris-Ly’s-Med Paris-Ly Paris Orleans s Poland s "40. Potand 83 '50 Prague 7%s Queensland Riode Jan Rlo de Jan 8s 1947. Rio Gr Do Sul Sao Paulc City Sao Paulo State 83, Serbs Crot 8io Sweden 58 ct. Sweden 6s. . Swiss 5% 1946 Swiss Confed 85, Tokio 6s. ... Ud Kingm 5% °2 Ud Kingm 5%s "37. Ud Steam Copen 6: Uruguay 8s....... Zurich 8s. e camm M g 28Rl RaNa-aboane B eraSe 18 1 86% 96 96% 964 0% 96% 102% 102% 96% 96% 1094 169% 107% 107% 108% 108% 10i% 101% 102% 102% 109% 109% 109% 109% 48 4T% 98% 98% 111% 1% 91 90% 9381 98 101 101 101 100% 100% 100% 108 102% 110% 110% 101% 1014 101% 1014 103% 108 103 103 €8 &% 94 94 96 94% T 93 9214 100% 100% 105 104% 9 89 22% 22% 87 " 81 96 98 103% 103% 1064 106% 8d'a 83% 96 95% 100% 100% 100% 100% 101 .100% 110 110 80 79% 8K 88 88 HT% 106t 100% A8% 63% 8814 BTN 95 94'% 104% 104% 96 96 96% 96% 9% 100% 103% 103% 100% 100% 91% 9i% B9 89 102 102 104% 104% 108% 102% 11€% 116% 1 107% 107% 108% 108% MISCELLANEOUS. Am Agr Chem 5s. Am Agr Chem Hfil 61 Am Smit& R Am Sug ref AmT&Teltré AmT & Tcltr b AmT&Tstss AmT & T deb 5%, Am Water Wks 3. Anaconda 1st 6s. Atlantic Refin 5 Bell Tel Pa b Brier H St 1st 54s. Bkiyn Ed gen bs. Brooklyn Union bs. Bush T Bldg 53 "6l Calif Pete 6348. ... Cen Leth 6s°45 cfs Chile Copper 6s.... Col Gas & El b5 sta. Commonwth P 6: Con Coal Md 1st Consumers Pow 6 Cuba Can¢ Cuba Cane cv d Duq L& P 53849, Est Cuba Sugift % EmpireG& F 7% Fisk Rubber 8 Goodrich 8% ey 5% wi. Hcr-hoy 68 1943, Humble O & R 5% Illinots Bell 1st Tilinois Steel 4%s. . Indiana Steel 5s. Int Mer Mlfln. (T Int Paper 6s Inter Paper n Int T&T 5%8 wi KCP&Lt5sA'62. KanG & El 6s '52 \ur OhtoT& L Nor States Pow 68. NERD SWKIm o e 87 2 l0 8 %) ¢ Brovonniwnl ~Saatin-aoa o Y1 - & aBReaBRanen NEBo— mm o 102% 104 9814 97% 98% 107 102% 975% Il Southwest Bell Tenn Elec Pow Va-Car Ch 7%s w. Vertientes Sug 7s. Warner Sug 7. West Elec b Westinghou: Willys-Ov 6% s Wilson & Co 1st 6; Wilson & Co cv Youngstn S& T RAILROAD. Atchlson gen 4s Atlantic C L cl Canad North 6%s. . Canad Pac deb 4s tP cv 448, 140 StPgni%s. 6 tPrf4%s. 31 37 aaqaaqaaa PEREREER :zwr»bbkp g I3 ChiR1& Chi Un Sta 4%s. Chi Un Sta 58, Chi Union Sta Chi & W Ind ¢ Clev Term 5s Cleve Term 5% C&S st 48°29 Cuba RR6s...... Del & Hd st rf 4s Del Hud ev 6535 Del & Hud 5%8 Den & Rio G cn D& Rio G fmp 6s D & Rio G Wt Erfe 15t cons 48, conv4sA. Erte conv 4s B. Erle conv ¢s D. Erie conv ext 7s. Erie & Jersey 6s. FlaEC 5s'74 Fla W& N78'43... Gr Trunk sf b 6s. . Great North 58 Great North % Gr North gen 7; Hud & Man ref Int Rap Tran 5. Int Rap Tr 6s stpd. 19 Int Rap Tran Int Rap Tran 7 Int & G Nor 1st Int & G Nor aj Towa Cent rf 4s Iowa Cent 1st 5: KansasCity S bs... Kan City Term 4 Lake Shore 4s *28. Lake Shore 4s '31 Louis & Nash 7. Market St Ry 7 MIEIRy & Lbs... M Nassau E Ry 48°57. N O Tex & M in 5s. QTexaMsaB.. NY State Ry 4%s. NY W & Bos 4%s. Norfolk& Wen4s. 2 Northern Pac 3s... 12 Northern Pac 4: 4 Northern Pac 5 5 Rorthern Pacr 1 Ore & Calif 1st b % | Ore Short L ref 4 Ore-Wash 1st rf Pennsyl con 4 %s.. Pennsyl gen 4}4s.. Pennsy! gen 5s.... Pennsyl 55 °64. ... Pennsyl 6%4s. ... Pennsyl gold 7: Pere Marq 1st 6. PCC&StLGsA. Reading gen 4% Reading J C 48 51, St L IM&S 4s°29. St L IM&S R&G & StL&SF plésA, pr In 58.106 % 3 zn 4 17 00% | Sou Pacific ret Southern Ry gen Southern Ry 18t b Southern Ry Southern Ry 6% Union Pac cv 6s... Virginia Ry 1st 8s. VaRy &P 1stbs.. MERGER REPORTS DENIED. NEW YORK, September 17 UP).— pany had acquired control either of Fageol Motor Co. of California, Fa- geol Motor Co. of Ohio, or the J. G. Brill Co., which were circulated after announcement that a controlling in- terest in the Hall-Scott Motor Co. of Berkeley, Calif., had been bought. GERMAN PIPE BIDS LOW. NEW YORK, September 17 (#).— German makers of cast iron pipe un- 921, | derbid American manufacturers $1 to 111% 112 _101% 101% $2 a ton for 2,800 tons required by New York City, but domestic pro- were low bidders in another lot of 3,200 tons, of which United > Isen Pips and Peundry FINANCIAL Stock Exchange To Pdy Respe To Late Chlef By the Associated Press. NEW YORK, September 17.—The New York Stock Exchange announced today that it would close at 2:30 p.m. Friday out of respect to the memory of Seymour L. Cromwell, its former president. Funeral, services will be held tomorrow afternoon for "Mr. Cromwell, who dled yesterday from in- Juries sustained in a fall from a horse on September 6. BUTTER IS HIGHER AT GENTER MARKET Pork Loins Advance to 38 Cents—Cool Weather Aids Business. Fancy tub butter was up to 53 cents per pound at Center Market today and print butter sold at 55 cents. Eggs were unchanged and the poultry mar- ket was steady. Spring lambs were selling at 121 and 143 cents and live hogs varied from 1214 to 14%. Pork loins had ad- vanced to 38 cents. Trading at Center Market has been considerably better since the weather turned cooler. To- day’s quotations: Today's Wholesale Prices. Butter—Fancy, tub, 53; prints, 55; selected, candled, 38a 40: average recelpts, 35a36. Poultry — Alive, Spring chickens, large, 31a22; small, 30; heavy fowls, 28; medium _fowls, small fowls, 15; keats, 40a75; turkeys, geese, 12al5. Dressed, Spring ickens e, 32; small. 32; tyrkeys, 28; duck geese, 1215 Live stock—Calves, 8al2%: lambs, Spring, 1215a141; hogs, 1214a14%. Meat—Beef, 18; veal, 20a2l; Spring lambs. 30; hogs, 22; loins, 34; smoked shoulders, 22; hams, 32. Fruit and Vegetable Review. Today'’s market report on fruits and vegetables. compiled by the Market News Service, Bureau of Agricultural Economics, says: Apples—Supplies liberal; demand light, market steady; barrels, Mary- land, fine quality and condition, Grimes, trading slow account poor color; 3%-inch, 7.00; 2%-inch inch, 6.50a6.75; 2 inch, 5.00; bushel haskets. Maryland and Virginia, Grimes, large size, 1, 1.50a2.00; windfalls, 1.00al. various varieties, large size, 1. 1.50; few higher; small size, 65a8: boxes, Washington, extra fancy Winter Bananas, 2.75a3.00; fancy large size, 2.50a2.75. Cabbage—Supplies moderate; de- mand slow, market fairly steady; New York, bulk, per hundredweight, Co- penhagen, 1.50a1.75. Melon Market Firm. Cantaloupes—Suppiles moderate; demand moderate, market firm; Col- orado, Salmon Tints, standards, 45s, 3.00a3.50; pony flats, 155 and 18s, 1.25: flats, 15s, 1.40; 12s, 1.50; standard crates, Honey Dews, all sizes, 2.00a 2.25; mostly 2.00. Grapes—Eastern demand moderate, New York, supplies light; market steady: 2-quart climax baskets Concords, mostly 28; Delawares, mostly 26c: Wyomings and Brigh- tons, 24a25; Western supplies liberal; demand moderate, market steady; California, crates, Flam Tokays, mostly 1.75; few ‘high as 2.00; lugs, Thompson seedless, 1.50-1.75. Onions—Supplies light; demand slow, market dull; New York, Massa- chusetts, Indiana and Ohio, 100-pound sacks Yellows, U. No. 1, 2.50a 2.75; few best, 3.00. Peach Demand Poor. Peaches—Supplies limited; demand slow, market steady; Delaware and New Jersey, bushel baskets Elbertas, large size, 3.75a4.00: Virginia, bushel baskets, Salwa: large size, fair con- dition, 2.50a2.6¢ Maryland, bushel large size, 3.50; me- S. s moderate; demand moderate, market steady; New York, bushel baskets, Bartletts, No. 1, 2.50a 2.7 5 No. 2, 200; Sickles, large si: .75; small to medium size, 2.00a2.50; California, boxes, . Bartletts, extra fancy, 4.00a4.50, Potatoes—Supplies very light; de- mand moderate, market firm; Maine, 150-pound sacks, Irish Cobblers, U. No. 1, 3.75a3.85; few 4.00; Pennsyl- vania, 150-pound sacks, round whites, U. 8. No. 1, 3.75. Sweet potatoes—Supplies light; de- mand moderate, market steady; Mary- land, bushel hampers, Yellows, No. 1, mostly 1.75; Eastern Shore Virginia, no early sales reported. Cucumbers—Supplies light; demand light, market steady; New York, bush- el baskets, 1.50a2.00. CHICAGO GRAIN PRICES. By the Associated Press. CHICAGO, September 17.—Reports of strained relations between Great Britain and Turkey gave an early up- ward trend today to wheat prices here. The fact that Liverpool quotations showed something of an advance was taken as significant of the Anglo- Turkish situation and as reflecting the smallness of immediate supplies destined for European countries. Re- ports of threshing delays in Canada were also given attention. Chicago opening prices 3% lower to 3% higher, December 1.5015 to 1.51 and May 1.53% to 1.5415, were follow- ed by material gains all around, lift- ing the market to 1.523 for Decem- ber and 1.55% for May. Corn and oats sym) with the action of wheat. Besides, there was talk of better demand for corn to be shipped East. After opening at 3% off to % up, December 72%, the corn market scored a slight general advance. Oats started at !4 to l4a% higher. December 41%; reacted a trifle and then rose to above the initial range. In the absence of any aggressive buying the provision market was weal. £ ,’*’g’ 150% 1528 1 188% 1350 188 39 i ..afi Close. e 51 ul 155 52 53% Eitd mxg FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Selling checks BRANCH BANK FOES T0 HOLD MEETING Will Assemble at Atiantic City Prior to Bankers’ Convention. BY CHAS. P. SHAEFFER. A committee comprising the oppo nents of branch banking, numbering in its representation officials of bank ing institutions from all parts of the United States, has issued a call to &l banke-s opposed to branch banking to assemble at Atlantic City on Sept. ber 27, the day before the opening this year's annual convention of the American Bankers’ Associatior Charles H. Segerstrom, president of the California League of Independent Bankers, is temporarily chairman of the committee, whose contemplated ac tion is not being made public. Opposition to branch banking, whic 1f strongly on ticularly at th annual conclave in New York in 1922 has been growing rapidly in some parts of the country. Generally, 1 smaller banks opposed it, but owir to thelr numerical strength, the unable to put over a resolution New York convention condemnin: practice. Foes of branch banking make th assertion that it often ties up cred at a time when it Is most needed the territory served. This questior is expected to be thoroughly aired L Congress at its next session. when it considers the Mc den bill, which proposes changes in the I'ederal Re serve System. Francis M. Savage, Central Savings Bank, wl local fight against br will attend the session holds membership in Bankers' Association, th belong to the local body. Interest Rates Lower in East. Interest rates of much lower in the West_than in the the Department clares in a r States in 1923, the review said, v from per cent in New Hampshire to 9.6 per cent in New Mexico, wit the average of 6.80 per cent on firs mortgage farm loans made by com mercial banks. “In general,” the review stat terest rates appear to vary wit risk that the lender takes and w the local supply of loanable func while climatic conditio sqjl and topography ar . of banking facilities also have an ir fluence. “An excessive banks, each with a small clien declared, “means an abnorn overhead 'cost per unit of bu There is also a greater risk on heavily concentrated in limited areas and not backed by adequate t resources. Such conditions a urally translated into higher rates. “Although the agricultural depres sion of the last few years undou 1y contributed to the failure of such banks, the failures were also no small degree due to unsound b: ing conditions and inefficient banking methods.” ‘Woman Bankers to Dine. Catherine Kreig, chairman of the women's commlittee of the local chap- ter, American_Institute of Banking, announces a_dinner for feminine em ployes of Washington banks, to be held at the Women's City Club on Sep- tember 25, from 6 to 8 p.m. : The purpose of the dinner is to pro mote interest among women in the banking institute. To this end, Judge Kathryn Sellers of the District Juve- nile Court will occupy the chief guest’s chair, while Clara L. Dombey, man- ager of the women's service depart- ment of the Union Trust Co. of Cleve- land will be the principal speaker. The local women's committee this year is composed of, in addition to Miss Krieg, the following: H Barrett, S. Winifred Burwell, Dankmeyer, Loretto Enn Mitchell, Frances Orrison. Ida ker, Theoria D. Roberts, T Royce, Mary Jane Winfree and Anna Vernon. Trading on Local Board. Active securities on the Washing ton Stock Exchange were very strong in today’s session. Riggs National Bank, which ad vanced 10 polnts yesterday, continued its ascendancy by selling at 401, and Railway common changed hands to the extent of 100 shares at 160. This stock eased off fractionally following the initial sale, bu} recovered on later transactions. Railway preferred firmed up to 86% on sales of 89 shares, this figure, however, representing a fraec- tional loss from the day’s opening. Lanston Monotype was stronger at 85, as was Mergenthaler at 186 erty National Bank doubled its a sale of 5 shares, and Capital Trac- tion sold ex-dividend at 99 Washington Gas 6s of 1923 shadowed all other bond issues, a to- tal of $17,800 recording a net advance of a quarter point to 102%, althoveh the majority of the selling was ax 102% and 104. CHICAGO LIVE STOCk MARKET CHICAGO, September 17 (United States Department of Agriculture) Hogs—Recelpts, 19,000 head; slow, regular; lightweight, 10 to 15 lower: others steady to strong: shipping out- let narrow; major killers inactive: bulk desirable, 160 to 225 pound aver- top, 13.50; good and choice, pound butchers. largely 12.80a13.25: bulk, 140 to 150 pound selections, 13.00a13.20; sows, mostly x| 0 of the o0 has T ing avag the A a 1gh does not number trong weight heavy-weizht medium, .50; light light packing sows, 10. slaughter pigs, 12.00a13.00. 3 Cattle—Receipts, 12,000 head; fed steers, generally slow; light and mes dium weight predominating, weak to 25 lower; heavies scarce; strong, o strictly choice heavies here: best year lings early 16.25; some held higher: most fed steers of value to sell at 9.50a12.50; Western grassers fully steady; several loads of weighty of-» ferings, 8.50a10.00; two loads, 11.00: she stock about steady: vealers um- evenly lower, mostly 14.00a14.50. Sheep—Receipts, 18,000 head: fat lambs slow: early sales, mostly natives 25 to 50 lower; sorting more severe. later bids mostly 50 off; no desirable fat range lambs sold; medium rangers 15.00; city butchers paying 15.75a15.90 for well sorted native lambs; cull na- tives showing weakness; few early sales 11.50a12.00; feeding lamb senti ment weak to unevenly lower; no early sales; weak undertone on sheep. CLOTH MARKETS LIVELY. NEW YORK, September 17 (Spe- clal).—Cotton goods markets experi- enced a spurt of buying today and in several constructions were pushed up fractionally. Print cloths were an eighth cent higher, the 64x60s at 9% cents and the 68x72s at 11 cents. Raw silks advanced 713 to 10 cents a pound ln an ahtive market CALL XONEY EASIEB NEW YORK, September 17 low 3%: 31 of ; last loan, 3%; call loans against acceptances, 3%. Time loans firm; mixed collateral, 60-90 days, 4%a 4%:. 4-8 months, 4 Prime mer- cantle paper, 4% ) 3% closing bid,