Evening Star Newspaper, October 1, 1925, Page 30

] i *P FINANCIAL. FINANCIAL. WHEAT SELLS OFF | CRANE,PARRIS & CO. INTRADING TODAY|ADD NEW MEMBERS Poor Export Demand Brings|Y. E. Booker, Jr., and Ogle Values Down—Corn and Harper Today Admitted 1925. 30 HURSDAY, OCTOBER 1, THE EVENING STAR, WASHINGTON, D. rUKTHER ABVANGE | [~ew York stock excrianae | (CONFLICTING MOVES IN BOND MARKET NSTIEMBE == e 4 Relief From Recent Money Stringency Helps Give Liens Erratic—French C., [oxmw vom_BONDS o sxumve] Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1,000.) Sales. High. Low. Close. Lib8%s... 77 1006 100 1005 Lib 1st 43 133 1022 10126 102 Lib2d 43%s. 123 100 30 100 28 100 30 Lib3d 4is. 104 10111 1019 10110 Libdth 434s 461 1028 101381 1026 US4s1944. 149 1035 10228 1036 US4%s’62 16 1068 1066 1068 Sales. High. Low. Close. United Drug 6s.... b6 103% 108 103 USRub1strfbs..110 90% S9% 90% U S Rubber 7%s. 2 106% 106% 108% U S Steels f bs 11 106% 106% 105% Utah Pow & Lt b 6 94% 94% 94k Va-Car Chem 7s... 82 100% 99% 100% Va-Car Ch T%s 1 83% B83% 834 Vertientes Sug 7s.. 10 83 87 88 Warner Sug 7s'39. 17 81 80 80 Open. High. Low. Clos Abitibt Pow (4). 6T 67" 8155 675 | Gt Nor Ore (1)... Ad Rumley pf(3) 57% 38 G574 68 |GrtWstnSu (8). Ahumada (11).. 10k 10% 10% 10% |Green Canan. Alr Reductn(15). 106 108 106 108 |Guantanamo Ajax Rubber.... 11 12% 10% 12% |Gulf Mo & Nor. . Allled Chem (4). 100% 1014 994 101t | Gulf States S (5) DRT 119K 110% 119% 1184 | Han Ay 1stper Allls Chalm (8). 87% 8T% 87 e Am Agricul Chm 22 25 aqic | Envans ke (8) Open. High. Low. Closs. 30% 31 304" 81 99% 99% 99% 99% 12% 12% 12% lz% 4 4 4 81% 31% 381k 814 80 80% T79% 79% 62 62 62 62 239 239 239 289 22 Needed Impetus. BY STUART P. WEST. 1 Dispatch to The Star. IW YORK, October 1—In the financial situation today the most im- nortant event was the reduction from er cent in the Bank of Eng- nd’s discount rate. This came as ood deal of a surprise after all that has been said on the subject of 2nglish bank wishing to protect Between the end of gold basis was re- April, when the sumed, the reserve rose $45.000,000. then it has come down nearly 000,000, Since Some Stocks Stronger. 1e g0ld resumption has Involved metal shipments from England to other countries where there has been 1 debit balance. But the conspicuous exception is the United States, which owed the money, yet which is not mxious to have a gold transfer, be- cause it still has i abnormal war legacy of the world's suppl The stock market in parts of the list was stronger. Some short cover- g came into the steels and the rail- way equipments which had been un- der pressure the previous day. Cer- tain of the automobile shares were taken up a in, and there was con- spicuous activity in rubber and tire issues based on the strength of the crude rubber market and the knowl- that this will mean increased for those companies which 1 large supply of the raw mate- rial on hand. Hubber Shares Real Feature. The rubber shares were the real fea- 1ure in the market of the day. Active buy > Bros. A at new high prices accompanied by reports were running at the shar s were made in May t Stores, in National Dis- non and preferred, in inn, New York Canners, New Shipbuilding, Julius Kayser and Steel Springs, which was up ivaudou on a large turnover went into new high ground. There was a jump of 3 points in Inter- national Business Machine. General Motors 7 per cent preferred sold at a new high, and so did American Agri- cultural Chemical preferred, which was up 5 points. ennessee Copper and Chemical was active at a rise of nearly 2 points. The market was paying more atten- tion to the chemicals, too, and Mathfe- son Alkali included ir the buying, rising over 2 points. MARKET CLOSE! STHUN Profit Taking Breaks Out in Last- Hour Trading. YORK, October 1 (#).—The vas strong. Profit taking ‘oke out in a few issues during the 1l hour under cover of a heav buying movement in the motor shares. General Motors attained a new high d at 11 ind additional gains scored 'k Trucks, Dodge A Pierce-Arrow. The general im- provement in sentiment also brought a mild revival of buying into the rail Sales aprpoximated 1,700,000 NEW wers and action of the rail shares was pointing in view of a further in freight traffic, but this in- fluence was offset by the improved de- mand for industrial leaders, such as United eel, American Can, General ., Baldwin, General Motors, Mack Trucks, General Baking and Barnett Leather, several of which rose 4 to 6 point: NEW YORK.—Stocks, strong; Gen- eral Motors and Dodge A at new highs. Bonds, irregular; speculative rails de- cline; oil liens advanc Foreign ex- changes, mixed; sterling reacts on cut in London bank rate. Cotton, steady; large exports. Sugar, barely steady; Cuban buying. Coffee, firm; higher Brazillan market. CHICAGO.—Wheat, Spring wheat estimate. sympathy with wheat. hogs, lower weak; bearish Corn, lower; Cattle, firm; CHICAGO CASH GRAIN. CHICAGO, October 1 (P)—Wheat none. Corr ; mixed No. 2, yellow, § white, 33%ad0%; 240. Rye none. Barley, 52a75. Timo thy seed, 7.00a8.10. Clover seed, 19 7.00. Lard, 18.47. Ribs, 17.50. Bel- 3, White, 38% SALMON MARKET STRONG. PORTLAND, Ore., October 1 (Spe- he entire canned salmon mar- s showing strength, pinks, which have been weak, being spectally affect- ed. Some sales have been made around 1.10 and 1.15 a dozen, but little stock is now available below 1.25. OIL OUTPUT DECREASES. NEW YORK, October 1 (#).—The daily average gross crude ofl produc- tion in the United States decreased ,200 barrels for the week ended September totaling 2,107,400 bar- rels, according to the weekly summnmry of the American Petroleum Institute. F OREIGN EXCHANGE. fQuotations furnished by W. B. Hibbs & Co.) Nominal Selling checks Berlin. Bome {ErleRR . crown Stockholm, crown. NEW YORK, October 1 (#).—For- eign_exchange irregular. Quotations, in cents: Great Britain—Demand, 4837%; cables, 484 3-16; 60-day bills on France — Demand, cables, 4.73%. Italy—Demand, bles, 4.04 Demand: Bel- Germany, 23.80; Holland, Sweden, 26.8: tzerland, 19.29; ‘Greece, 1.45%; Poland, 2.96%; Jugo- %: Austria, 1%; Rumania, 14 36 Czechoslovakia, and the first week of August | Am Ag Chm pf.. Am Beet Sug(4). Am Bosch. . Am Can (+7)..." Am Can pf (7).. Am Car&Fdy (8) Am Chain A (2). Am Chicle. Am Drug....... Am & For Pow. . Am&F P pf (7). Am Hide & L pf. Am Ice (8). Am Ice pf (6)... Am Internatl. Am La Fran (1). Am LaFra pf(7). Am Linseed. | Am Linsa pf (1) | Am Loco (t18).. Am Metal (3). .. Am Radiator (4) Am Safety R (3) Am Ship&Com Am S & Ref (6). Am St Fdys (3). Am Sugar. Am Sumatra. ... Am Tel&Tel (9). Am Tobaceo (7). Am Tcba B (7).. Am “obac pf (6) Am Typ Fdrs(8) Am WW&EI 1.20 Am W W 1st (T) Am Woolen. ... Anaconda (3). Ann Arbor. . Archer-Daniels Armour 11 A(2). Asso Dry G(2%) As50 D G 1st(6) . Asso 011 (2).. Atchison (7).... Atchison pf (5). At] Birm & At... Atl Coast L (18). AtIGulf & WI.. Atl Gulf & WI pf Atlantic Refine. AtlanRef pf(7). Atlas Tack.. Austin-Nichols. . BaldwinL (7).. Balto & Ohio(5). Bal & Oh pf (). Bang & Ar (3).. Barnet Leather. Barnsdall A. Bayuk Cigar Beech Nut (2. Belding Bros(3). Rethlehem Stl. Beth St pf (8) Booth Fishere: Booth Fish 1st. Botany A (4). BriggsMfg(1%) British Emp 1st. Bkl Edison (8) Bkl-Man Tran. Bkl Union G(4). Brown Shoe (4). Brunswick-Balk. Brunswick Ter.. Burns Bro (10).. Burns BrB (2).. Burns Br pf (P Bur Add Ma (3). Butte Cop (50¢). Buue&super(!) Butterick. . Caddo Central. .. Cal Packing (8). Calif Pemt (2) Callahan Zinc. .. Calumet & H (1) Can Pacific (10). Cent Leather.. Cent Leather pf. Century Rib (2). Curro d Pasco(4) Certain-Teed (4) Chandler (3).... Chees&Ohio (4). Chi & Alton...... Chi & Alton pf.. Chi Great West. Chi Gr West pf. Chi M1l & StP... Chi Mil & StP pf Chi & Nwn (4).. Chi & Nw pf (7). Chi Pneu T (5) ChiRI& Pac CRI&PDpL (6). Chi Yellow C (4) Childe (32.40) ... Chile Cop (2%). Chrysler Corpn. Cluett Peab (5). Coca-Cola (7). Col Fuel & Iron. Colo Sou 1st (4) . Col G & E (2.60). ColG&Ept (7). Coml Cred (1%). Com Cr pt B(2).. Com Solv A (4).. Com Solv B.. Congoleum (2) Consa! Cigar. Gen Cigar pf (7). Consol Distribut Consol Gas (5).. Consol Textila. . Cont Can (4). ... Cont Can pt (7). Cont Insur (6).. Cont Mot (80c). . Corn Prod (2). Coty, Inc (3.80).. Crucible Stl (4). Crucible pf (7). Cuban Cane Su.. Cub Cane Su pt Cuban-Am 8 (2). Cuban Domin. Cuban Dom pf... Cudahy Pkg (7). Cushman’s (3).. Cuyamel Fr (4). Davison Chem.. Del & Hud (9).. Del L & Wn (17) DRG Wstpf.. Detroit Ed (8)... Detrott Ed rts. Dodge Rros Cl A. Dodge pf (1).... Dul 8§ & Atl pt. Doug Pectin (1). Dupont (19). .. DuPont deb (6) . Durham H pf(7) Mastman (18). Eaton Axle (2) Elec Powr & Lt. EIP&L L (7).. Elec Str Bat (4). Emmerson B pf. End John (8) Erfe 1st pf. Exchange @% Fairbks (2.60). Famous Pl (8). Federal Lt *1.40. Fed Min pf (7).. Fisher Body (6). Fisk Rubber. Fisk R 1st pt (7) Fleischmann(t5) Foundation (8). Fox Film A (4).. Freeport-Texas. Gabriel A 2%). Gardner Motor. . Gen Am Tnk (3). Gen Asphalt. Gen Asph pf (6). Gen Baking (6). A 47%; Argentina, 40.62; Brazil, 14.1 Tokio, 41; Shanghai, 79%; Montreal, 100 1-64. —— BUTTER UNCHANGED. CHICAGO, October 1 (#).—Butter unchanged; receipts, 4,895 tubs. Eggs unchanged; receipts, 6,315 cases. Gen Bakg pf (8). on Cigar (8). Gen Electric (8). Gen El spec 800 Gen. Motors (17) Gen Mot pf (1).. Gen Outdr Adv. Gen Outdr A(4), Gen Petrm (3) Gen Ry Sig t7% Glidden Co...... . 181 . 187 69% 74N 36% 85% 36% 37 236 240% 119 119 109 109 22% 22% 49 49% 4% 4% 4T 48w 91 91 63 63% 117% 117% 83% 83% 1% 42, 134 13% 96% 96% 44 50% 84% 8T% 115% 116% 50 50 110% 111 84 654 6% 6% 111% 112% 40% 41 66 66% 10% 10% 139% 139% 113% 114% 112% 113% 106% 106% 120 120 56% 56% 101% 101% 10 42% 394 41% 23% 51% 100 36% 122 100 36% 122 95 95 5% 5% 196% 197 73% 5% 58% 5814 100% 100% 116% 116' 13% 134 26% 27 117 118% 81% 82% 66 46% 46 20% 39% 69 38% 39% 114% 114% ™ % 48 650 48 43 304% 30% 27% 28% 144% 144% 55% 56 88% 89 188 141 32 32% 7 7 17 17 31 82 94 94 95 95 6% 6% 11 11 19% 19% % kL 125 127 28 28% 2 2 14% 144 149 149% 18% 19% 61 63% 85% 87% 62 624 53 53% 85% 36% 107 % 108% 54 10% 10%. 104 10% 23% 24% 8% 9 15% 16 68% 68% 115 115 114 114% 45% 47 84 . 84 46% 48 664 68% 83% 34 187 62 62 141% 142% 381 39 63% 63% 5% T6% 112% 113 38% 389% 27 27 95 98 97 97 22% 23% 40% 40% 87 88 A% 5% 20% 91% 3 3% 76% 16 116% 117 112% 112% 10% 10% 86% 86% B53% 63% 73 18 99% 99% 9% 9% 42% 43 22% 22% 3% 8% 21 21 101% 102 86 89% 48% 48% 41 A1% 145 146% 137% 137% 43% 43% 146 146 % 4% 30 33% 84% 87K 5% 6% 21 21 191% 102% 102% 57 57 112 118% 24% 24% 31% 82% 91% 91% 66% 66% 20 20 68% 70% 82 32% 41 4l 16 16 45% 46% 106% 107% 26% 26% 62% 62% 98 99% 27% 27% 113 114% 124 128% 136 187 70% T0% 16% 16% 84% 35% 9% 10% 56 56% 64 b4% 97 97 222 225 118 118 96 98% 300 295 1% 1% 110% 112% 14 114% 81 31% 52!y 52% 46 46% 820 323 22% 22% 69% 35% 361 235% 119 108 22% 48 4% 46% 91 63 17% 83% 40% 13% 96Y; 14 84% 115% 49% 110% 64 6% 111% 40% 66 10% 139% 113% 112% 106% 120 56% 101% 40 42% 394, 41% 23% 51% 100 36 121% 9474 5% 196 3% 58% 100 116% 13% 26 17 81% 66 46 16 20% 394 6874 38% 39% 114% kil 48 42% 304 274% 144 55% 88% 138 32 31 94 95 6% 145 187% 433 143 4% 29% 84% 5% 21 186% 102% 57 1% 24% 31% 9% 664 20% 68% 82 41 16 45 106% 26 61% 98 26% 118 124 136 69 16% 34% 9% 56 53% 9644 220 118 96 300 1% 109% 14 31 52% 46 320 22 73 35% 37 238% 119 1081 22% 48 4% €47 91 63% 117% 834 40% 185 964 48% 8T 115% 194 111 6474 % 112% 40% 66% 10% 139°% 114% 113% 106% 120 [ 101% 40 43% 40 45% 24 51% 100 36 121% 947 574 196% Hayes Whi 13% . Hoe & Co A (4).. Homestake (4). Househ8ld P (3) Houston O11 Howe Sound (2). Hudson Mp (2%} Hudson Mot (3). Hupp Mot (1)... Tllinots Cen (7). Tllinoic Cent rts. Tadep OI1 (1) Ind Motrey (50c) Indian Refg ctfs. *Ingersoli R(8). Inland St (2%). Inspiration (2).. Interub Rap Tr. Internat Agri Int Bus Mac (3). int Cement (4).. Int Com Eng (2) nternat Har (5) Inter Har pf (7). Int Mer Mar pf. . Int Nickel (2) Int Paper. Int Ry Cent Am. Int Shoe (5) . Int Te! & Tel (8) Tones Bros Tea. Jones & Lau (7). Jordan Mot (3). Kansas & Gulf.. Kan City Soutn. Kan C So pf (4). Kayser (Julius). Kelly-Spring. Kennecott (3) Keystone T & R. Kinney G R (4). Kresge Dept S. .. Lee Tre & Rub. . Ligzett & M (14) Liz & My B (14). Lima Loco (4).. Loews Ine (2)... Long Bell A (4). Loose-Wiles. ... Lorillard (3).... Louisiana Ofl. . . Louts Gas A 1.76 Louis & Nsh (8). Ludlum (2). MecIntyre P (1).. MeCro B (1.60) ... Mack Trucks (8) Mack T 1st (7).. Macy H R & Co. . Magma Cop (3). Mallison & Co... Manati (5)...... Man El Sup(4%) Man Emd g (5). Maracaibo Oil. .. Market St prior. MarlandOil(1%) Malin Rock (1).. Martin-Parry (2) Mathieson Alka. May Dept St (5). Metro G pf(1,89) Mexican Seabd. . AMtami Cop (1) Mid-Continent Middle States. .. Mid St Pr pf $10. Min St P & SSM M St P & SSM pf. Mis Kan & Tex. . Mo, K & T pf (5) Missour{ Pacific. Missour{ Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode Motor Met (3.60) Motor Wheel (2). Mullins Body. .. Nat Acme (sta). Nat Biscuit (3).. Nat Cloak (4)... Nat Dairy (3)... Nat Dpt Stores. . Nat Distillers. .. Nat Distillers pf Nat Enam pf (7) Nat Lead (8).... Nat Ry Mex 1st. Nat Supply (3).. Nevada Copper. . NY Alr Brake(2) ¥ Y Canners (2) NYCanner pf(7). N Y Central (7). NYC&StL (6) NYC&StLpI(6 NYNH & Hart. N Y On&Wn (1). *NY Rys pf tcfs \ Y Shipbld (2). ¥ Steam pf(7). Norfolk South. . Norf & West (1) North A (B3.40). North Pac (6)... Norwalk (1.60).. Nunnally (1) Ontarfo Mining. . Onyx Hostery... Oppenheim (3).. Orpheum (1.80). Otis Elevator (6) Otis Steel - Otis Steel pf. Owens Bot (3) Pacific Gas (8).. Pacific O11 (3).... Packard Mot(2). Palge Mot(1.40) . Pan-Amer (6)... Pan-Amer B (6). Parish & B sta. Park & Tilford. . Pathe Ex A (c5). Penick & Ford. . Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Pere Marq (4) Pere Mar pf (5). Phla Co (4)..... Phila& RC&I.. Phillip Morris. .. Phillips Pet (2). Phoenix Hoslery Phoenix pf (7) Plerce-Arrow. Plerce-Arrow pf. Plerce Ol pf. Plerce Petrol Pitts & West Va. Postum Cer (4). Press Steel Car.. Prod & Refiners. Pub Ser N.J.(5). Pub Se E&G pf 6 Pullman Co (8). Punta Aleg Sug. Pure OIl (1%).. Pure Ofl pf (8).. Radio Corp of A. Ry St Spg (8) Ry StSppt (7). Ray Cons Cop... Reading (4)..... Reading 2d (3).. Reid Icm Cm(3). Robt Rels & Co. . Remington Type Replogle Steel.. Rep It & Steel. .. Rep1& S pf (7). Reynolds Sprngs Rey Tob B (3)... RDNYal73%. St Joseph L(13). StL & SanFr((7) STL San F p2(6). St L Southwest. . Savage Arm: Schulte Stor (§8) Seaboard Afr L.. Seabd Air L pf.. Seagrave (1.20). Sears-Rebk (6). Shattuck-Ariz. .. Shattuck F G(2) Shell Un (1.40).. Shell Un pf (6).. Simmons Co (2). Stmms Pet (1) 40 4T% 48% 41 66 24% 85% 8% 43% 30% 128 12% 84% 58 119% 53% 39 24% 63% 63% 1% 26 9% 21% 48% 1% 119% 73 73% 57% 839% 21% 38% 87 97 41% 91 26% 5% 81% 132 [ 144 8% 97 162% 35 26% 107 58% 171 118% 13 E6% 40 43 18% 90% 15 49% 92 9% a1 L 49% (43 96% 87 V64 65% 103% 4% 46% 13% 206% 5% .= 22 103% 50% 19% 40 4T% 49 41 66 24% 35% 95% 24% 115% 1% 25% 20% 8% 275 43 26% 25 17% 153% 1% 120 3% T4 57% 40 21% 894 3% 97 43% 92% 26% 5% 81% 182 b4% 14% 81% 97 164% 35 26% 107 58% 178% 119 13% 86% 40 43% 18% 1% 15 50% 92 9% 1% 49% 43% 9% 87 66% 6T% 104 46 4T 13% 208%. 5% 71 224 103% 50% 20% 40 A% 484 41 66 24% 35% 93 23% 115% 1% 24% 20 8% 274% 42 26% 40% 91 5% 54 97 35 107 171 18 B4% 40 43 90% 92 9% 80 49% 43 964 87 36% 65% 103% 44% 46% 13% 206% 5% 7 22% 108% 50% 19% 40 4% 49 41 66 24% 85% 95% 24 115% 1% 25 20 814 274% 43 26% 25 16% 153% 79 461 131 120 31% | 8315 2 31% 188% 119% 16 116 42% P 60 103% 50% 20% Obligations Steady. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, October 1.—The re- duction in the Bank of England dis- count from 4% to 4 per cent had no effect upon the bond market today. It was accepted as a sign of a desire to preserve international conditions the way they are and not as an indi- cation®of a further lowering of rates. Dealers In close touch with the market both on and off_the Stock Ex- change reported that offerings around the current price levels were larger. This meant, to use the common phrase, that the market was “heavy.” The 6 per cent money rate supposedly was a factor, but actually it did not count. It was due to the October corporation settlements, which were admittedly no more than a temporary influence. French Bonds Steady. Following the rise in Belglan ex- change there was more of a demand for Belgian government bonds. French issues were steady, with the 7s sell- ing most of the time around 93%, and the 8s around 1053 The French city bonds were higher, the Bordeaux 6s selllng at 88 against 88 the previ- ous day. Austrian government Ts crossed par and were one of the interesting inci- dents of the day. Profit taking con- tinued in German Central Agricultural Bank bonds, carrying the price be- low 94. Dodge Sales Active. In the domestic section of the market the chief features were Dodge Brothers 6s and International Tele- phone and Telegraph 53s. Both of these were actively bought. The move- ment in the Dodge Brothers bonds was part of a general rise in the Dodge Brothers securities. | Railroad Issues Were Steady. The largest new issue was a $4,000,- 1000 closed offering of the German At- lantic Cable Co. The bonds run for 20 years and carry a 7 per cent in- terest rate. American Public Service Co. offered $2,000,000 5% per cent bonds. BALTIMORE SMASHING BANK CLEARING TOTALS September Reports Show Business Going Ahead at Satis- factory Rate. Special Dispatch to The Star. BALTIMORE, October 1.—Bank clearings, generally accepted as the most reliable barometer of trade this year, promise to surpass all previous records, so far as Baltimore is con- cerned. For the nine months ended yesterday local clearings totaled $4,252,166,683, against $3,337,978,681 for the corresponding period in 1924, an Increase of $914,188,002. If the rato of gain reported for the first nine months is maintained to the end of the year, clearings for 1925 will approximate $5,600,000,000, or $574,655,259 more than the total for 1924, which was the banner year up to_that time. Bank clearings do not mount when trade is qulet, and the indications that they will exceed the 1924 record by well over half a billion should dissi- pate any feeling that business s not going ahead at a satisfactory rate. CORN NEARiY H’AB.VESTED SPRINGFIELD, I, October 1 (Spe- cial).—Over 90 per cent of the Illinois corn crop is reported safe from frost. Preliminary reports indicate about 15 per cent increase in the Fall planted wheat acreage of the State. StOll Calif (2).. StouNJI (1)... St Ofl N J pf (7). Sterling Prod(4) Stew-Warner (5) Stromberg Studebaker ( Submarine Boat. Superior Ofl. ... Sweets (uew) Symington , Symington A(2). Telautogph (%). Tenn Copper (1) Texas Co (3).... Tex Gulf Sul (8). Tex & PacC & O. Tex & Pacific. . . The Fair (2.40 Tide Water (1).. Timken R B (14) Tobac Prod (6).. Tob Prod A (7) Transcont Oll... Underwood (3. Un Bag & Paper. Union O11 (1.30). Un Pacific (10).. Un Pacific pf (4) Un Tank Car(5). Utd Alloy Steel Utd Clgar(a3%). United Drug (7). UtdDrug 1st 3%. U S Cast Iron P. USCIPDL (7). U S Distributing U S Hoft (3).... U S Ind Alcohol. 8 Realty (8).. Rubber..... Rub 1st (3). Smelting(3) . Smpt (3%). U S Steel (17) U S Steelpf (7). U S Tobacco (3). Umversal Pipe. . Univer P pf (7). Ut P&L A (2).. Va-Caro Chem. . Va Curo Chem B. va-Caro CHDL. . \ivaudou. Wwabash. ... Wabash pf A ‘Waldorf (1%)... Ward Baking B. ‘Ward Bak pf(7). warner A (1%). Warren Co (4).. Weber (4)...... West Pen (4)... West Marylan West Md 2d pf.. Western Pacific. . West Pac pf (6). West Union (7). West Air Br (6). Westinghs (4).. Weston Elec. ... Weston A (2)... Wheel & L Erle. Wheel & L B pf.. ‘White Eagle (2). ‘White Mot (4).. White Rock (12) Wickwire ctfs. Wwillys-Overld ‘Woolworth (3). Worthn Pump. Worthtn A (7). Worthton B (6). Wright Aero(1). Wrigley (13%).. 53% 40% 17 72 ,_“° 714 56% 4 3 13% 13% 22 12% 10% 53% 40% 117% 72 78% 53 390% u7 12 7% 1% 56% 3% 3 12% 18% 22 12% 10% A4T% 109% 12 51 334% 31% 4% 90% 103% % 49% 70 38% 140 5% 123% 27 81 128 64% 163 100 32% 40% 89% 140% 64% 106% 45 4T 120% 124% 56% 35 8 82 2 1% 10% 17 40% 69% 154 75% 110 19% 46% 74 111% 154 21% 30% 15% 136% 126 73 17 26% 19% 42% 26 1% 836% 3 26 167 40% 79 62% 284% [3] 58 40 117% 12 8% 72 57 3% 3 13 18% 22 12% 13 4T% 110% 12% 524 33% 81% 45% 90% 104 % 49% 1% 33% 140 5% 123% 28% 82 128% 56 165 100 32w 40% 90% 143 69% 107% 46 4T% 120% 124% 56% 85 - 8% 83 = 1% 12 18 41% 70 16% T64% 110 20% 465 4% 111% 16 21% 81% 1% 138% 1273, 3% 17 264 20% 43% 26 9244 36% 3 264% 167% 40% 9 62% 28% 54 u u [ o U s 8 s s 10% 1% 41% 70 15% 76 110 20% 4T% 4 111% 16% 21% 30% 17% 187 126 73% 17 26% 20 42% 26 oK 36% 3% 26% 167 40% 9 82% 28% 83 74 17 26% 20% 484% 26 934 37% 8% 26% 168 40% 9 62% 28% 54 FOREIGN. Sales. High. Low. Close. Aus govt 5558 Austria 7s Bank of J; Belgium Belgium 6% s wi Belgium 7s wi. Selgium 7%s Canada 55 19! Canada 58 1952 Canada §%s 1929, Chile 75 1943 Chile 85 1926 Chile 85 1941 Chile 85 1946 Chinesn Gov Ry ba. Christiania 6s. Christiania 8s. . Con Pow Japan Copenhagen 5%4s. . Cuba5%s Czecho 8; Czecho 83 1962 ot. . Danish Munic8s A. Denmark 5. ...... Denmark 8s. . DEI6%s Mch '53. DEI15%s Nov'53. Dutch East I 65°47. Dutch East I 63°62. Finlands 7s. . Framerican 7%s French 7s. . French 7%s. French 8s E German 7s. o Ger Gen Elec 7 Haiti 6s. .. Holland Amer 6s. Hungary 6%s. Japanese 4s Japanese 6% Jergens U M 6s'47. Lyons 6s. Murseille 6s Mexico 4s ‘04 asntc Mexico 4510 asntd Mexico 5s assented ian &8 79 43 81 70 25 156 14 66 95% 96% 96% 1024 974 100% 99% 85% 92% 96Y% 3 109% 1 30 14 16 75 10 21 eee 236 62 96 24 e 8 27 9 58 10 20 - b6 52 Netherlands 6s '54. 7 Netherlands 6s '72. Nord 6%s.. . Norway 5% s wi. Norway 63 1943. Norway 6s 1944. Norway 6s 1952 Orient Dev deb Paris-Ly's-Med 6s. Paris-Ly’s-Med 7s. Paris Orleans 7s. Peru 8s. . . Poland 8s Porto Alegre 8s. Prague 7%s Queensland 6: Queensland 7s. Rio de Jan 85 1946. Rio de Jan 8s 1947. Rio Gr Do Sul 83, Sao Paulc City 8: Sao Paulo State 8s. Stof S Paulo rets. . Seine Dept cf 7s. Serbs Crot Sio 8s. . Soissons Sweden 538 ct Sweden 65 Swiss 5% Swiss Confed 85. Ud Kingm 5% 29.. Ud Kingm 5% '37. Ud Steam Copen 63 Zurich 8s 107% 964 88% 83% 9814 100% 102% 102% 101% 102 108% 110 6% 96 95% 102% 974 99% 994 864 924 96 109 107% 96 96% 964 102% 9744 100 991 86% 92% 96% 109% 107% 96% 88% 8% 951 100% 102% 10235 101% 102 108% 110 48 99 1% 89% 48Y% 101% 101 100% 110 102% 110 102% 101% 103% 103% 94% 9% 93% 100% 4 105% MISCELLANEOUS. Ajax Rubber 8s. Am Agr Chem 5! Am Agr Chem 7%s Am Chain sf 63°33. Am Smit & R 1st 53 Am Smit& R 6s. .. Am Sugref6s..... AmT& Tcltrds.. AmT& Tcl tr5p. AmT&Tst6s AmT & T deb 65%s. Am Water Wks 5s. Anaconda 1st 6s. Anaconda cv db 7s. Andes Cop 7s rets. Armour & Co 43s. Armour Del 5%s Bell Tel Pa 6s. Beth Steel pm 5s. Beth Steel rf bs. Beth Steel 5345 33. Beth Steel s f 65. Brier H St 1st 63 Bkiyn Ed gen 5s. ... Bush T Bldg 55 '60. Callf Pete 6%48. .. Cen Leth 65°45 cfs Chile Copper 6s.... Col Gas & El 5s. ... Commonwth P Con Coal Md 1st 6. Con G NY 5% wi. Cuba Canecv 7s... Cuba Canecvd 8s. Denver Gas 5s. . Det Edison ref 6s.. Dodge wi 63 Donner Steel DuqL & P 5%s'49. Dugquesne Light 6s. Est Cuba Sug 7%s. Empire G & F 7343. Fisk Rubber 8s.... Goodrich 6% Goodyear 881931 Goodyear 85 1941.. Hershey 5%s wi... Hershey 6s 1942... Hoe & Co 6%5. . Humble O& R § Iliinols Bell 18t 65. Indiana Steel 5: Int Mer Marine Int Paper 6s°47. Inter Paper 6s.. Int T&T6%Swi.. KCP&Lt6sA'52 Kan G & El 6s°62.. Kelly-Spring Laclede G 5% '62. Liggett & Myers 68 Lorillard (P) 6s... Loulsv G & E 6352 Manati Sug sf 73%s. Nat Tube 1st & New Eng Tel N Y Tel 65'49... North Am Ed North Am Ed 6345, Nor Ohio T &L 6s. Nor States Pow 53. Otis Steel 7H%s. . Pacific Gas & El 5s. Pac T & T 1st 6. Pan-Amer Pete 6s. Peoples Gas 6s. . .. Phila Co 5% '3! Phila&RAC&I s Plerce-Arrow 8 Producers & Rf 8s. Public Service 5s. . Public Servic 2 Pub Serv Elec 65, P Serv Gas 5%s '59 PServGasb¥% Punta Alegre 7s... Remingtn Arms 6s. Rep Ir & Steel bs. Sharon Stl H Sinclair Of1 Sinclair 011 6% 7 12 2 101% 102% 102% 1037 98% 98 106 101% 9714 100% 964 102t 954 100 102 994% 851e 92 100% 9214 97% 56% y3% 101 101% 964 1033 100% 108 100% 102% 820 1084 92% 96% 94 107 95% 92% 104% 106 103% 103% 113% 104% 1104 120% 98% 104 102% 101 100 108 84% 91k 95% 105% 99 101 104% 99% 100 97H 964 99% 9k Nk 99% 101% 100% 100% 1144 974 106% 109% 100% 104 94% 95% 4 1004 98% 101 97 105% 98% 98K 100 1064 110% 104% 994 106 102% 102% 104% 89% 96 108 106 86% 984 West Elec 5: v B Westn Union 63s. 10 Westinghouse 7s.. 5 Willys-Ov 6%s°33. 8 Wilson & Co 1st ‘ Winchester A 7 1 Youngstn S& T 6s. 27 100% 110 1064% 102 98 101% 100% RAILIOAD. Ann Arbor 4s. Atchison adj 4s. Atchison gen 4 Atlantiec C L cl 4 B&Orf imp 68 B & O PLEWYV 4 B&O Sw Dtv s of: B & O Toledo Bklyn Manhat Buff R & Pitt QKI Canada South 5s. Canad North 6% Canad North 7 Canad Pac deb Car Clinch & O 6 Cent of Ga 63 Central Pacific 4 Cent Pac 1st 6590, Ches & Ocv 4ks. .. Ches & O gn 4148 Chi& Alton 3%s. .. 28 Chi & Alt 3% sctfs. 10 ChiB&Qlstrtbs. 8 Del Hud cv 65 °35. . Del & Hud 5%8 Den & Rio G cn 4 D & Rio G Wt b Erfe 1st cons 4 Erfe gen 48 Erie conv Erfe conv ¥ Erfe Genessee R 65 Erie & Jersey 6s... FlaEC5s'74. 2 Fla W& N 78°43 Gr Trunk sf db 6; Grand Trunk 7s Great North § Gr North gen 7s. . . G Mob&N 5%sB 50 Havana ERL&P '60 Hud & Man ref § Hud & Man aj 55 11l Central 6%, I11 C-C St L&N Int Rap Tran 6 Int Rap Tr 6s stpd. uo Int Rap Tran 6; Int Rap Tran 7 Int & G Nor 1st6s. 5 Int & G Nor aj 6s.. ‘8 Towa Cent 1st 58 Kan City Ft S 4 Kansas City § KansasCity S 58 Kan City Term 4 Lake Shore 45 °28.. Lake Shore 4s'31.. Lehigh Valcn 4s Louis & N uni 4s Louis & Nash 7s Manhat Ry cn 45 Market St Ry 7 MUEIRy & L 68 MStP&SSMen M StP & SSM cn 5s. MK&T lst4s MK&T4sB MK & T adj ba. MK&TprinbsA. 48 MK&T6sC Mo Pacific gen Mo Pac 55 1965 Mo Pacific 6s. . Mo Pacific 6 of Montrl Tm 1st 5s. . N O Tex & M in 55. NOTex&M5sB. NOT&Mb%s. N Y Cen gen 3% Y Cent 459 Y Cent deb 4 ¥ Rysadj sct.. Y Centriba. Y Cent deh 6s. .. N Y Cent LS cl 3% NYC&StLdb4s. NY Chi & StL 5%s NYC&RL New Hav¥eb 48 New Hav d 45'57... ew Haven c d 6a, . Ont W 1st 4 NY Ry rf4sctfs. . NY Rys 6866 N Y State Ry 4%s. NY W & Bos 4%s. Norfolk & W cn 4s. Northern Pac 3s... Northern Pac 5s Northern Pacr 1 68 Ore-Wash 1st rf 4 Pennsyl con 4%s. . Pennsy] gen 4%, Pennsyl gen bs. Pennsyl 58°64. Pennsyl 6%8 Pennsyl gold 7 Pere Marq 1st Por RL & P 68'47 Reading gen 4s. Rio G Westcl 4s... RIArk&L 4%s St L IM&S 45°29 St L IM&S R&G 4s. StL&SFplésA.. St L& S F prIn §s. StL&SF6%s StL&SF plésC. StLSW 18t 4s. StL S W con 4s'32. St P Un Dep 65 Seabd A L con Sou Pacfic 48 '29.. Sou Pactfic clt 4. . Sou Pacific ref 4 Southern Ry gen 48 Southern Ry 1st 5s. Southern Ry 6s ot. Southern Ry 6%, Texas & Pacific Third Ave adj b Third Ave ref 4s Tol StL & W 4 Union Pac 4s'37... Union Pac cv 6s. Virginia Ry 1st 6; VaRy &P 1st 5b.. Wabash 5% 876 Western Md ds.... ‘West Shore 1st 4s. . Whel& LErf4%s 16 73 8 1 18 10 4 5 74 83% 89% 87% 8l 89% 93 914 101 103% 102% 87% 96 1% 89% 87% 102 117% 116% 88% 95 103% 64% 88% 2 101 100% 97 97% 95% 192 75% 84% 94 3% 101% 108% 6% 94% 97 102% 62% 60 92 65% 49% 28 60% 68% 894 60% 964 108% 82% 98% 93% 101% 97% 111% 108 98% 98% 95 8% 87% 95% 88 17 90% 99 93 103 83% 90% 102 88% 84 95 9T% 856% 88% T8% 103% 106% 111 102 384 56% 85% 92 86 99% 103% 29% 964 101% 97 66% 82% 6% 100% 110 106% 101% 97% 101% 100% 73% 83%% /9 87% 91t 88Y% 92% 90% 101 103 101% 87% 9644 1% 89 87% 102 117% 116% 79% 101 102 87% 96% 97k 914 us 63% 48% 47% 101% 83% 624 73% 4% 98% 93% 101% 97 110% 107% 98% 98% 95 3% 87% 95% 87% 6% 0% 98% 92'% 102% 82% 8914 101% 83u 83% 94% 97 85% 834 78 108% 106 110% 102 38% 564 85% 81% 84% 99% 103% 99% 96% 101% 96% 66% 82% 6% 100% 110 108 101% 98 101% 100% 787% 834 89% 87% 91 88% 92% 91 101 103% 101% 874 96% 1% 89% 87% 102 117% 115% 80 101 103% 87% Th 97% 91% 119% 63% 48% 4T% 101% 83% 624% 3% 48% 484 79% 481 48Y% 484 104% 8415 9674 111% 107% 1% 84% 864 85% 934 100 79 98% 9844 100% 106 86% 106% 27% 603 68% 894 50% 96 106% 82% 98% 93% 101% 974 110% 107% 98 98% 95 73% 87% 95% 87% T6% 0% 95 83 1038 83% 20 102 83% 84 95 97 86% 884 78% 103% 108% 11 102 38% 56% 86% 1% 84% 98% 103% 29% 96% | Chi.. 101% 96% 66% 6% BRASS PLANT BOUGHT. | 13.40; rie 82% | Oats Hold Firm. By the Associated Press. CHICAGO, October 1.—Wheat show- ed an early trend to lower price levels today, infleunced more or less by opin- fons that European demand will be insufficient to dispose of normal Cana dian exports before new Argentine and Australlan wheat shipments are available. General selling carried the market down to below any bottom price record which the May delivery has heretofore reached this season. The fact that trading in new style wheat contracts here began today barring delivery of No. 2 Northern wheat except at 3 cents discount made the execution of orders somewhat slower than usual. Opening prices, un- changed to 2 cents lower; December 1.36% to 1.38 and May 1.39 to 1.40%, new style for both months, were fol- lowed by a slight further sag and then by something of a rally. Corn and oats were relatively firm owing largely to unofficlal estimates that the corn crop suffered a shrink- age of 20,000,000 bushels during Sep- tember. After opening unchanged to % lower, December 8% to 18%, corn rose to 79% for December. Oats started unchanged to % off, December 39% to 39%, and then held near to initial figures. Commission house buying of October lard strengthened the provision mar- ket despite weakness of hog value: WHEAT— Open. High. Low. December 86 1 1% 1 May ¥ 368 Qctober cember | N = Gars October December e Ry Octoner December TarD Qctoher November GRAIN AND PROVISIONS. BALTIMORE, Md., October 1 (Spe- cial).—New potatoes, 100 pounds, 1.00 a2.40; beans, bushel, 1.25a1 beets, hundred, 2.00a3.00; cabbage, hundred, 16.30 16200 to Partnership. BY CHAS. P. SHAEFFER. Crane, Parris & Co. announced to day that Yelverton E. Booker, Jr., and B. Ogle Harper, both of whom have been with the organization for A number of years, have been ad mitted to partnership in the firm Simultaneously, it was announced that W. J. Boothe has retired from the partnership, but will remain with the firm in an executive capacity Mr. Booker has a financial ac quaintance second to mnone in the city. For many years he was finan cial editor of the Washington Post, signing this position in September, 1921, to join the selling organization of Crane, Parrls & Co. Mr. Harper also has had financial experience. He was for nine years an employe of the Washington Loan and Trust Co., durfng which time he-worked his way up through the ranks to the position of note teller. He has been affiliated with his present firm for seven yvears in the capacity of office manager and cashier. Crane, Parris & Co. is the oldest and largest exclusively investment banking house in Washington, having been established in 1883. It is best remembered as the agent of the North American To. in acquiring a substan tial interest in stock of the two local railway companfes. The new membership Crane, Parris & Co. now consists of Eugene E. Thompson, George Hewitt Myers, Yelverton E. Booker, jr., ani B. Ogle Harper. Southern Dairies Bought. The large block of Southern Dairies A and B stock sold in the recent de clfne on the New York Curb Exchange has been hought by a strong but un named group, according to officials. Wwho see nothing in the situation of the company to warrant such drastic de clines as have been witnessed in the last two d: Rather, the losses are harged by these officials entirely to the technical position of the market in these shares. Net profits of the com are said a wide roster of 3.00a5.00; sweet potatoes, barrel, 1.50 a4.50; yams, barrel, 1.50a4.00; carrots, hupdred, 4.00a5.00; corn, dozen, 10a25; celery, crate, 1.50a2.00; cucumbers, bushel, 1.25a2.00; caulifiower, crate, 1.50a2.00; lettuce, crate, 1.50a4. ima _beans, bushel, 75as5; peppes basket, 25a35; nmnm 100 pounds, 2. a3.50; squash, ba hampers, 25a4 ]’uLkmg stock, bushel, 40a55; pumpkins, hundred, 5.00a12.00; :;3"‘“)!' basket, 30a55; spinach, bushel, Apples—Barrel, %.00a5.00; bushel, 50 E cantaloupes, crate, 1.00a3.00; grapes, basket, 75a1.00; pears, bushel, 1.50a3.00; basket, 25a50; bushel, a1.65. Selling Prices at Noon. ‘Wheat—No. 2 red Winter, spot, do- mestic, 1.39%; No. 2, red Winter gar-| licky, 1.35%. Sales—None, Corn—Cob, yellow, spot, nominal per barrel; track. 1, spot, 1.00. Sales—None. Oats—No. 2, new, 46%. Rye—Nearby, new, rye, spot, no quotations. Hay—Receipts, none. There is a firm tone to the market for the bet- 5.00a5.50 47%; No. 3, new, 80a85; No. 2 | ter grades of timothy and choice light clover mixed,®of which descriptions of hay the receipts are running light. Low grades of clover mixed and! heavy and of uncertain value. Quotations, per to 22.00a22.5 17, today: No. 2, 21.00a22.00; 50219.00; No. 1 light 0. 2, 17.00a 18.00; No. 1 clover mixed, 19.00a19.50. No. 1 wheat, 11.00a12.00; No. 2 oat, 12.00a13.00. CHICAGO LIVE STOCK MARKET CHICAGO, October 1 (United States Department of Agriculture).—Hogs— Receipts, 25,000 head; unev and heavywelght butcher R weak to 10 cents lower than Wednes day's average; packing sows, to cents off; lightweights slaughter pigs show full cline; light light largely 25 to 40 cents lower: bulk good and choice, 140 to 285 pound averages, 12.90a13.30; top, majority desi 40 to 325 pound butchers, few pack- ing sow strong weight killing pigs, mostly a13.10; heavy- welght hogs, 12.65a13.30; medium, 12.80a13.40; light, 12.00a13.40; light light, 11.50a13.25; packing sows, 11.15 a11.90; slaughter pigs, 12.25a1 Cattle — Receipts, 11,000 head: meager supply well finished fat steer. and yearlings, strong to a shade high er; prime yearlings, 16.00; heavies, 16.30: grassers, strong: numerous loads cakefed Nebraskas, 8.75a10.00; in-be. tween grades fed steers, slow, steady. Sheep—Receipts, 22,000 head; fat lambs, fairly active, early bulk, 15.25; several decks to outsiders steady; no fat range lambs sold; ing higher for desirable kind; feegi lambs strong; early bulk, 15.00a15 few lightweight offerings, 15 fat sheep sold; range breeding ewes, 9.50a10.35. NEW SEABOARD RECORD. August Earnings Are Highest in Railroad’s History. Special Dispatch to The Star. BALTIMORE, October 1.—Total op- erating revenues of the Seaboard Air Line Raflway in August were $1,104,- 878 larger than those reported for the corresponding month a vear ago and set a new high record for that month for all time. Net earnings also ex- ceeded those of any other August in the_history of the company. Nearly 50 per cent of the gain was retained for net revenues, that item showing an increase of $524,782. Net income applicable to interest on the adjustment bonds was $370,843, or nearly three and a half llmes the month’s prnportlon SBOB.TiTEBl{ SECURXTIES. (Quotations furnished by Redmond & Co.) and -cent de- 5 933 Amer, Bect"Sucar 8 Tods.s 100 ‘Tel. & Tel. Co. 4a 1039 07% Anlmnfll Copper 6s 1920 103 Associated ] 6s 1035 Baltimore & Ohio_6s 1029 Bethlehem Shcl B5s 1036, Central of Georgia 6s 1020 NI] b ‘i‘l’ llll fil lsl)‘!l 833 RIRTHIE W AR R RS 0 . 26ae0; torpatocs, 1ppriofl ending vesterday : peaches, | 1.50a2.25; quinces, bushel, 1.50 | 1low, No. dark clover are hard to move | to be running at the rate of $10 a | share on the A issue without any rev nue from new plants nearing com letion in West Palm Beach and liami, Fla. Current asset ratio of {the company is given at “better than li to 1.” | Gross sales in the nine months’ were $6,000. 000, with a_net, after taxes and depre clation, of $710,000, against sales of $4 300,000 and a net of $390,000 in the same perfod of last year. Dividend ¥s Declared. A dividend of 5 per cent was iclared on the capital stock of the Na tional Metropolitan Bank at the reg. {ular meeting of the board vesterday The dividend will be paid on October 15 to all stockholders of record at the close of business October 4, the books for the transfer of stock to be closed {October 5 to October 14, both dates inclusive. New President Elected. Louis E. Kilmarx been elected president of the North American Se. curities Co., distributors of the com mon stock of the North American Co to succeed Loring R. Hoover, who re. cently became president of the In vestors' Bond and Share Co. Mr. Kil marx has been identified with public utility securities for vears, and at pres- ent is head of Central s Electric Corporation and Federal Utilities, Inc | _Rolland T. Veitch has been elected | vice president of the security distribu { tors. Local Exchange Strong. Led by advances in stock of Washington Gas Light Co., Mergen thaler Linotype and Federal-American - National Bank, the Washington Stock Exchange presented a strong tone in today’s trading. The fuel issue's activity was restrict- ed to a single sale of 10 shares at 64 the highest figure to be reached in months, while Mergenthaler netted a { full point gain to 1881 on sales total ing 44 shares. Ten es of Feder: American National Bank sold at 2 an appreciation of 30 points over the last sale of this issue. The remainder of the market follow ed a relatively even tenor. American Security and Trust Co. suffered a negligible decline of a few points in odd-lot trading. easing off to 3881 Traction stock was unchanged at 991 | but Railway common gained a point { to 169. Other issues were unchanged Western Electric “Melon.” Directors of the Western Electric Co. have voted disbursement of a com { mon stock dividend of per cent | The present capital is 00,000, rep { resented by 500,000 outstanding com | mon _shares of no | board voted to increas shares, issuing the additio shares to stockholde: of re tember 28 as a stock dividend. More than 98 per cent of the shares are owned by the American Telephone and Telesraph Co. “The sale of the company’s holdings in the International Western Electric | Inc., which has been authorized { by ‘the directors and consented to by kholders, has been consuni A. Hallizan, vice president, and as a result the com pany’s undivided profits are substan v increased. It is deemed for the best interests of the company to re tain such undivided profits for the re quirements of the business. the Interest in Money Rates. | Increased confusion regarding : Ichanze in the Federal Reserve Bank {of New York discount rate has been created by the unexpected reduction in the Bank of England rate to 4 I per cent. Many financiers hold the recent stiffening of money rates will be recognized by the reserve bank through its rediscount policy, but it is recalled the last lowering of the British rate in August started a flow of money to the United States and quickly checked talk of an increase in the New York rate at that time. MORGAN JOINS BOARD. NEW YORK, October 1 (P).- Junius S. Morgan, son of J. P. Mor gan and a partner in the banking firm, today was elected a director of General Motors Corporation and a member of the finance committee. This is his first appointment to an important industrial directorate. GERMAN BONDS AND STOCKS. (Quoted in dollars per millign marks.) id Ger Gt (w In) Bs 1914-18. %o Hamburg 4% 1919. ... 180.00 Ger Gt 3-Bs (forced loani. ~ 7.50 y Ger Gt 8155 1923 (sm ») 80 (Quoted in’ doliars per thousand ‘marks’) Ger Gen Elec' 4340 precw 0 Elec 4155 1919 Hamb s, %4 o Hambupy: Amor Line. 43 North German Lloyd 4 North German Lioyd 1% 100% 112 101% 100 Sinclair Ol 7s..... SInCOPL6s'28.. Skelly Ol 6% South Bell Tel &s. . Southwest Bell 5. Sug Est Orient75.. Tenn Elec Pow 6: Toledo Edn 1t Union Bag & P 6s.. 62% Prussian_ Cons :W.l 43% 66% 29 106% 105 22 17% 2% Sinclair Ofl..... Skelly Oil....... South Pac (6)... Southern Ry (). South Ry pf (5) Spear&Copf(7) picer Mfg. . td Gas & E1(3). 18% 26% 97% 106% 92% 81% 33% B56% 2 18% 27% 97% 106% 92% 81% 34% 56% 3 18 26% 7% 106 92% 81% 834 564 2 18% 27 97% 106% 92% 81% 334 56% 3 Yellow C (2.52). 46% 48% Youngstown (4). 76% 76% D Tt aeh, Daymentsb i~ anni {iieat atarterty Or hall yearly tarations: ‘otherwise noted. extra or special divi- optional in G are ot tmcinded: : e“in_oro : stoc] M'lhl. 1 us A8 e e’ g“.;%. 62% 62% 43% 43% 46% 4T% % 76% above table Gimbel Bros. Gold Dust ol Goodrich . 66% 68% " Offer, | Goodrich pf (7). 99 ~ 99 99 3135 ) Goodyear pf (7). 106% 1074 199 %9.52 | Goodyr pr pf (3). 105 105% Gould CoupA(2). 22 22% Granby Consol.. 18% 184 Grt North pf (§) 12% 78% f. 335333 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) GREENSBURG, Pa., October 1 (#). —The purchase of the plant of the Kelly & Jones Co. of Greensburg, manufacturers . of brass, iron and steel valves, by the Walworth Co. of Bos- ton for a consideration of hetween hounced today. ‘The ‘plaat employs noun e oys ;bout IS\W men. w ooiio! 101% 100 90% 90k 102% 1021 108% 1084 8 98 Munich 4s pre-war Radische Anilin AE G (Ger Ge' Eicc) Commerz and Privat Discante” Gellschaft Dresdner Bank g: tache | Bankt_ L0000 rmstaedter Bank.'.". Bauk Vieuna. P b it bt it 338 oo EES s o SIS SSBABABESHOS i 3 853353 35333555583555553552 o 100 9-16 1011 A