Evening Star Newspaper, October 6, 1925, Page 30

30 bt NEW HIGH LEVELS ANDHEAVY SELLING, Higher Money, Hitches in Mergers and Baking Probe Affect Stocks. BY STUART P. WES Epecial Dispatch to The Star NEW YORK. October 6.—Theve was &n hour or so of strength in the motor shares in the stock market toda. Then the whole list broke. developing | sreater weakness than has a period in awper- the renewal belng iy against 5 Monday ons lay in the pro- ounced \eakness of rallway shares | 1d the excessive speculation which | been foing on for the last month the industrial quarter. Union Pacific Breaks. Union Pacific led the break in the vails. This stock has been noticeably er pressure in A quiet way some time. When efforts were made to sell it today the market proved pretty thin. Union Pacitic is one of roads which is credited with feeling more severely than many of the otk ers the effects of the Panama Canal competition. This along with the pos- «ibility of the road being hooked up 1n some merger with one or more of the so-called weaker roads is appar- ently responsible for the selling of the stock. Heavy Selling in C. and 0. The twofold announcement of the falling off, at least temporarily, of thc Rock Island-St. Louis Southwestern erger and the adverse report on the xo-called Loree system had a good deal to do with the of the rails. St. Louis-Southwestorn went down ove: 2 points, but Rock Island was not as k s the average for the other There was heavy selling of and Chesapeake and Ohio. 1 Pacific made a new low for 97. This stock was being sold for the same gen- ¢ral reasons as Union Pacific. The selling was active also in the North- western rails, Strong ,Support in Motors. The strong support appeared in the market for the motors and for the rubber and tire shares. United States Rubber was carried below 70 for a while, but later it made up part of the loss. Goodrich at one stage was eelling at a new top. A block of 10,000 shares of Studebaker was taken s the price reached 60 for the firet time. General Motors also made a new high. and so did Goodyear pre- ferred and Timken Roller Bearing. There was another remarkable jump In_Coca Cola, also in Wool- worth. Other new high records were established by Barnett Leather, Foun- dation Co.. North American. U. . Realty, National Cloak and Suit. Gim- bel Brothers, New York Shipbuilding, Department, National Surety, . Onyx Hoslery and Booth si rates, per cent. But the main rea n Smelting went down for a while after the announcement of the dividend increase from 6 to 8 per cent, but rallfed later. Store Stocks Favored. The so-called “store” stocks. such &3 Associated Dry Goods, May Depart- ment, the Fair and Gimbel Brothers. were all active and strong again to. duy. The {mmediate incentive behind the buying in this quarter was the report of the usual Fall improvement in their sales, Moreover, an excep- tionally larger holiday business is an- ticipated. In the case of May Depart- ment Stores a special reason has been found in the possibility of a higher dividend distribution. A stock divi- dend, with higher cash disbursements Las been mentioned. CLOSE 1S IRREGULAR. Bales For Day Again Reach More Than 2,800,000 Shares. NEW YORK. October 6 P).—The closing was irregular. Price move- ments became more confused in the! the | FINANCIAL. Abitibi Pow (4). Adumw Exp (6). i Adv Rumley.... Ad Rumiey pf(3) { Ahumada (1) Alr Reductn (15). Ajex Rudber. ... Allled Chem (4). Allled Cm pr(7). | Allls Chalm (6). All|l Chal pt (7) Am Agricul Chm Am Ag Chm pf.. Am Bosch. | Am Brk 8hoe(5) | Am B Shoe pf(7) Am Can (17). Am Car&Fay (6) Am Chatn A" (2). | Am Chiel Am Druz Am Express (8) Am & For Pow Am&F Pt (7). Am Hide & L pf. 1 Am lce (8). | Am Internati. Am La Fran (1). Am Linseed. .... Am Lirsd pf (7) Am Loco (118).. Am Metal (3). | Am Radiator (4) | Am Satety R (3) Am Ship&Com. . Am S & Ref (6). Am St! Fdys (3). Am Sugar. . Am Tel&Tel (9. { Am Tobaceo (7). {Am Toba B (7). { Am Typ Fdrs(8) Am WW&E) 1.20 Am W W 1st Am Woolen Am Wool pf (7). Am Zinc. Am Zine pf.. Anaconda (3). Ann Arbor. { Archer-Danisis. Armour Del (7 Armour 11 A(2). Arn Cons&Co Arnold Con ctf Artloom (76¢). Asso Dry G(2%) AssoD G 2d (7). Asso O1l (2). Atchison (7) Atchison pf (5). At] Birm & At. .. Atl Coast L (18). AtIGuite W 1 At] Gulf & W1 pt Atlantic Refing. Atlas Tack. Austin- Ichi Austin Nic pf(7) { Auto Knitter. .. | Palawin L (7. Balto & Ohlo(6). Bal & Oh pf (4). Bang & Ar (3).. Barnet Leather. { BarnmdaliA..... { Bayuk Ciga: Bayuk 1st pf Beech Nut(2.40). | Belding Bros(3) - Bethlehermn St! Beth Stl pf (1) Beth Stl pf (8) Booth Fishertes. BriggsMfg(1% British Emp 15 Bkl Edison (8) Bki-Man Tran. . Bk-Man T pf(6). Bkl Unton G(4). Brunswick-Balk Brunswick Ter Burns Bro (10).. Burns BrB (2).. Burns Br pf (7). Eush Terminal.. Butte Cop (600) - Butte&Super(2). Caddo Central... Cal Packing (6). Callf Pent (2) Callahan Zine. . . Calumet.& Ar (4] Can Pacific (10). Case Threshing. Case Thresh pf. Cent Leat! Cent Leather pf. Century RIb (2). Curro d Pasco(4) Certain-Teed (4) Chandler (3).... Chees&Ohio (4). Ches&O pf(6%). Chi & Alton Chi Great West. Chi Gr West pf. Chi M1l & StP.. Chi M1l & BtP pf lute trading, Barnet Leather extend-|&nia xwn (4).. ing its gain to nearly 9 points, and New York Shipbutlding to 7%, while Sears-Roebuck, Foundation Co. and United States Cast Iron Pipe sold 3 to 4 points below last night's closing quotation. Total sales approximated ©.100.000 shares. Markets at a Glance NEW YORK: wrregular; standard rails Bonds easy: bonds low zn _exchanges francs decline. steady; French issues recover; mixed; I'rench predictions rains Hogs steady; packers inactive. P FLOUR PRICES HIGHER Advance of 25 Cents Per Barrel Made in Baltimore. £pecial Dispateh to The Ster. BALTIMORE, October bt.—-An in- crease of 23 cents per barrel on West- ern grades of Winter patent and Win- tor stralght flours was announced here today. PARIS, October 0.—A decree sup- pressing the obligatory use of rye flour with wheat for bread making was signed today by President Do- mergue. SATURATION POINT NEAR | IN HOME BUILDING Specis] Dispatch to The Star. DENVER. October 6.—Local lumber dealers predict a sharp falling off in construction of emall homes and apart- ment houses in this saction ny : but essert that bullding of hot business structures will show in ed activity. Home building, they o tend, has reached the saturation point. RUBBER PRICES JJMP. NEW YORK, October: 6 (Spectal).— Crude rubber jumped 5 cents today to 28, one of the bigzest advances in goveral months. This compared with £4 cents a month ago and 29% a year ago. FOREIGN EXCHANGE. (Quotations furnished by Y. B. Hibbs & Co.) inal Sel hecks ufa"?’.fl:“ “"!(' Chi Pneu T (6) Chi RI& Pac CRI&Ppf (8). Colo Southern. ColG&E (2.60). ColG & Epf (7). Col Carbon (4).. Comi Cred (1) Com Inv (2.50) Congoleum (2).. Consol Distribut Cont Insur (6). Cont Mot (800) Corn Prod (2) Corn Prod pf(7). Coty, Ina (3.80) Crucibie Stl (4). Cruclble pf (7).. Cuban Cane Su. Cub Cane Su pf.. | Cuban-Am 8 (2). Cuban Domin. .. Cudahy Pkg (7). Cuyamel Fr (4). Davison Chein. . De Beers (1 Deere&Co pfi Del & Hud (9) Del L & Wn DEG Wstpf... Detrott Ed (8).. Detrolt Ed rts. .. Dodge Rros CLA Dodge pf (1).... Dome Mines (2). Doug Pectin (1). Dul S & Atlan. Dupont (19).... DuPont deb (6) . Duquesne pf (7) Masunan (18)... Eastman pf tSaton Axle (2).. Elec Powr & Lt. E P&L pt 40% u¢ EIP&Lpt (D.. Eilec Str Bat (4). Flk Horn pf.. ... Bismerson Brot. Emmerson B pf. End Joln (6) Endicott pf (7). . Erle RR . Fairbks (2.60). . Famous Pl (8). Famous pf (8).. Feders! Lt *1.40. Fed Min pf (7).. Fifth Ave (64c). Fisher Body (8). Fisk Rubber. Fisk R 1st pf (1) Telsohmann (167 Foundation (8). Fox Film A (4).. Freeport-Texas. Gabriel A (2%). i (3). Gen Baking (6). Sen Cigar (8). Gen Electric (8). Gen El speo 606. Gen. Motors (17) Gen Mot pf (7).. Gen Outdr Adv. " Gen Qutdr A(4). Chi & Nw pf (T). 1 ContCan (#).... 3 5 74 191 1013 % 111% 111% 51% THE EVENING STAR, WASHINGTON, D. C., NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Gen Petria (3).. Gen Ry Sig 11% Gen Rwy Sig rts Gen Refrac(2) Gimbel Bros. ... Ginter (1%).... Glidden Co Gola Dus Goodrich Ru (4). Goodrich pf (7). Goodyear pf (7). Goodyr pr pf (8 Gould CoupA (2) . Grauby Consol. . Grt North pt (5) Gt Nor Ore (1).. Grt Wstn Su (8) Green Canan. Gulf Mo & Nor.. Gu M & N pf (6). Gu'f States S (3) Han (MA) 1stpf7 Hartman (2%). Hayes Whi 1315 Helm G W (3) Hoe & Co A (4). Homestake (14). Household P (3) Flouston Ol Fowe Sound ( Hudson Mr (2% Hud Man pt (5). Hudson Mot (3). Hupp Mot (1) T!ltnots Cen (7). Tliinoic Cent rts 111 Cent pf (6) Iadep Ofl (1).. Ind Motrey (50¢) Indtan Refining. Indtan Refg ctfs. 1nd Ref pt (7) *Ingersoli R(3). Inlund St (2%). Inspiration (2).. Interub Rap Tr. Internat Agri. .. ;| Int Bus Mac (8). Int Cement (4). . In Cement pf(7). Int Com Eng (2) Internat Har (5) Int Mer Marin Int Mer Mar pf.. Int Nickel (2) Int Paper. . Int Paper pf (6). | Intl Paper pf (7) Int Shoe (5).... Int Tel & Tel (§) Intertype (11%) Jewe:Tea...... Jones Bros Tea. Jordan Mot (3). ch& List (7). 1 Kelly-Spring ol Kelsey Wht (6). Kennecott (3) Keystone T & R. KresgeSS (8).. Kresge Dept S. . Kuppenheim (2). Laclede Gas (3). Lee Tre & Rub. . Lehigh Val (3%) Liggett & M (+4) Lig& My B (14). Lima Loco (4) mes ine (2) A( Loos -\\uou“ . Lortllard (3).... Louistana Oil. .. Louts Gas A 1.75 Louls & Nsh (6). Ludlum (2)..... McCro B (1.60).. MclIntyre P (1). Mack T 18t (7).. Macy H R & Co. . Magma Cop (3). Mailtsorn& Co. .. Man F ind g (5). Man Shirt (1%). Maraculbo O1l. .. Market Stree . Market St 2d pf. Market St prior. MarlandOil(115) Malin Rock (1).. Martin-Parry(2) Mathleson Alka. May Dept 8t (5). Mexican Seabd. . Mtami Cop (1) Mia-Continent. Mid-Cont pf (7). Middle States. .. Mid St Pr pf 110. Minn & St Louls. | Min St P & SSM. Ais Kan & Tex. . Mo, K & T pf (5) Missourt Pacific. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 7fc Motor Met (3.60) Motor Wheel Mullins Body - Murray B (12.40) Nat Acme (5ta). Nat Biscult (3). Nat Biscu pf(7). Nat Cloak (4)... Nat Cloak pf ( Nat Datry (3) Nat Dpt Stor¢ Xat Distillert iat Distiliers pf Yat Surety (9).. Nat Supply (3).. Nevada Copper.. Nt N G&E pf(7). NY Alr Brake(2) NYAIrBrA (4) N Y Canners (2) N Y Central (7). l\YC&!v.ll;pfl ). NYNH& Hart. N YOn&Wn (1). \ Y Shipbld (2). ‘ort & West (7) Norf & W pf (4). orth A (B3.40). North Am pf () North Fac (5)... rwalk (1.50).. Nunnally (1) Ontario Mining. Onyx Hostery. .. x Hos pf (7). Oppenhetm (3).. orpaeum (1.80). O sueuzonu LLs Steel. . . Otis Steel pf. Owens Bot (3).. Owens Bpf (7).. Fiie Mot (1:4) Pau-Awmer (6).. Pau-Amer £ (§) & Tilford. . : 'Pauml.\:\ ws). renlck & Ford ‘ennsy R R (3). benn Seab Steel. Peoples Gas (8). ere Marg (4) hila Co (4) hisp Morris Phillips Pet (2). Phoenix Hoslery Plerce-Arrow. . Pitts Coal Pitts & West Va. % | rostum Cer (4). Prese Steel Car. 27% | od & Refiners. 114 | Pub Se E&G p’ 6 135 ; Pub SelE Popf7 149% | Pub 8-v N.J.(B). 71% | uliman Co (8). 19% | Punta Aleg 8ug.- 334 | PuTe OIl (1%, 55% | Rudio Corpof A 56% | Ky St1 Sp (8) 224% Ray Cons Cop... Reading (4). - Reading 1st (2). Readingrts..... Robt Rels & Co. . 1st p? Mack Trucks (§) 2 v Rand Min (L.52).. «{RDNYal IOGK 9% 169 3% 93 TUESDAY, OCTOBER 6, 1925. RESTRCTIONNOTED| oz o _BONDS ] ed by Private Wire Direct te The Star Office. UNITED BTATES, INBOND MARKET Prevailing Uncertainty Over Money Chief Factor in Today’s Trading. BY GEORGE T. HUGHES. Special Disyatch to The Star. NEW YORK, October 6.—Specula tive bonds monopolized trading today. The feature was American Writing Paper 6s. which Tan up nearly & points almost on a single string of | transactions. At 57 the bonds were ! up more than 7 points from the low | of last week. The only explanation vorable developments in connec- tion with the reorganization. General Trend Downward. This, however, was an exceptional case, the general trend being down- ward. International Telephone and Telegraph 5;s, which made a new high Monday, reacted easlly today land even United States Rubber 5s which had duplicated their best pre- vious this year on strictly investment | buying lost ground today, There was ! much the same kind of a movement in bonds of the grade of Internatlonal Mercantitle Marine Gs, the local trac- und most of the convertible oils, ie of the latter being Empire Gas and Fuel 71js. There were fractional 5 i some of the Cuban Sugar acing companies’ obligations. a moderate extent speculative rallroad bonds sympathized with the | heaviness in railroad stocks. lssues in supply included St. Louis-San Fran- cisco Incomes and adjustments, Mis sourl Pacific general 4s and Missouri. Kansas-Texas adjustments. 2] French Bonds Tmprove. In_the foretgn group the weakness 4{in French bonds was not &s pro: I nounced as in the precedinz sessions. {Both Austrfan 7s and German 7s were very steady. In the South Awmerican group Bollvian 83 had a Substantial advance and more atten- ton was paid to Brazilian iasues. The report that a new loan to Brazil was under negotfation could not he con firmed. The firmer tone in money up trading in high-grade domestic ob ligations, but did not weaken prices materially. Among the da new offerings were £5.000.060 Alabama Power refunding 55 to vield 5.3 per cent and $1.000.000 West Kent ; 6.05 per cent. Replogle Steel. . Rep Ir & Steel... 514 501 Reyuolds Sprogs 9% % 9% ey Tob B (3).. J 89 Rossla Ins (6).. 58 31z 50% St Joseph L(13). 434 StL & SanFr( A 96 Stnclair pf (8).. St L Southwest. 3 St L Swn pf (5). 2 6 Savage Arms... 66 4 65% | Schuite Stor (§8) IO» 104 Seaboard Air L.. 4% Seabd Alr L pf.. 464 Sears-Rebk (8). 208 Shattuck-Ariz. . Shattuck F G(3) Sheil Un (1.40) . Stmmona Co (2). Simma Pet (1).. | Sinclair Ofi..... Skelly Oll. . oss-Sheff (6). uth Pac (6) Southern Ry (8). South Ry pf (5). Spicer Mfg..... I sta Gas & EB1(2). { Std G&EI pf (4). Stand M1 (6)... St Ol Calit (2). StOlINJ (1) StONNJ pf (7). Std Plate Glass. Sterling Prod Stew- Warner (8) Studebaker (4).. Submarine Boat. Superior Of1. . Superior Steel. Sweets (uew) Symington. Symington A(2). Tenn Copper (1) Texas Co (3). Tex Gulf Bul (8). ll‘ Tex & Pac C& O Tex &'Pacific. . . jThe Falr, (2.40) T!de Water (1 Tide W Ofl pf(5).100 Timkea R B (14) Tobac Prod (8) Tob Prod A ‘Franscont O1l Underwood (8 Un Bag & Paper. Union O11 (1.30). Un Pacific (10).. Un Pacific pf (4) Utd Alloy Steel.. Utd Cigar(a3%) United Drug (7) UtdDrug 1st 3%. Utd Fruit (10).. Utd Ry Inves pf. U8 Cast Iron P. U S Distributing U S Hoff (2).... U S Ind Alcohel. U B Reailty (8).. U S Rubber..... us u 145 7 Rub 1st (8). 107% S Smelting(3). Cgl‘a Umvarsal Pipe. Univer PpL (7). 78% Ut P&L A (3).. 32 Vanudium (2)... 20 Van Raalte. 23 Van Rite 1st(1). Va-Caro Chem. . Va-Caro Ch otfs. Va-Caro Ch pf.. Va Ry & Power Vivaudou. 1% Ward Baking A. 185 Wward Baking B. 8214 Ward Bak pf(7). 110 warner A (13%), 19% Warren Co (4).. 96% 15% 21 304, west Pen pf (7). West Maryland. West Md 2d pf. . Western Pacific. West Pac pf (8 ‘West Union (7) W Weston Elec. Weston A (2)... Wheel & L Erle. Wheel & L B pf. White Eagle (2). Whi White Rock (13) 36% Wickwirectf,.. 34 Willys-Overld.. 27 Willys-Od pf(7). 109% Woolworth (3).. 1 Wright Aero(1). P o & Towns... 67 Yellow C (2.53). 467% 7% Youngstown (¢) b xiven in lh1 lborl eIt or m&"‘ " aid {hia sour. ngmnl;um jate., i able in Drefe 4 oo payable TH b or 1D Flock vavable 134 % Suarte (Bales are in $1.000.) High. Low Sales. Libsys. 4 100 1022 10229 10229 28 10610 1064 10610 FOREIGN. Canada fis 1931 Canada 63 1882 Chinese Gov Ry 68 Christiania8s. ... Con Pow Japan 8. Copenhagen 6%s.. Cuba by | Czecho 8 Czecho #8 1962 ot . : Danial Munic 8s A. | Danish Munic 8s B. Denmark 63 Genmark 88 DEIG5%s Mch '53. DEIG%sNov'33. Dutch Eaet T 68 Duteh East T Bl Salvador § w wEa=BlaaSont - Holland Amer 6s Hungary 6% Japanese ¢s. Japanese 814 Jergens U M slowed | | Mexico 4s°10 unntd | Mexico 68 a | Montevideo 7 | Norway 63 1944. Norway 65 1952. | Parts Orleans 7s | Peru 3s. Poland fa | Porto Alegre | Prague 714 Queensland 6s. Rio de Jan 8s 1246, Rio de Jan 83 1947, Rlo Gr Do Sul 8a { Sao Paule City ! Sao Paulo Sta {Stof & Paulo | Setne Dept | Serbs Crot Sio 8a. . | Sweden 5148 ct Swiss 515 1946 Swiss Confed 8 Ud Steam Copen 68 Uruguay 8s... Ajax Rubber8s.... & Am Agr Chemss.. 2 Am Agr Chem 7%s 31 Am Repubdebés.. | AmSmit & R 1st is 24 AmSmit& Rés... 8 | Am Sug ref 6 AmT& Tcltrés.. AmT& Tcltrba.. 3 AmT&Tst5 1 AmT & Tdebb%s. 42 Am Water Wks 3s. Am Writ Paper 6s. Anaconda 1st 68 Anaconda cv db 7s Andes Cop rc Armour & Co ¢ 4es. Armour Del 6%s. . Assocfated Ol 6s.. 2 Atlantic Refin 5s. .. Barnesdail sf3s.. Bell Tel Pass..... Beth Stee! pin Beth Steel rt soihs Steel 5135 * Beth Steel 3 £ 6 Brier H St 15t 5 Bklyn Ed 63 B Cen Leth 6345 cl- Chite Coppe Cin G E 5%48°6 Col Gas & Bl Commonwth P 6s. Con Coal Md 1t 3. Con G NY 5ips w oo e - [ R E TS =TT F NS i Cuba Canecy 78... Cuba Canecvdss. Cuban Am Sug 8s. Denver Gas 63. Dery (D G) is.. Uodge wi 6 Donner Stee Dug L& P 6%8 45 Est Cuba Sug 7%4s. Empire G £ F 7% Fisk Rubber 88. Goodrich Goodyear 85 1931.. Goodyear 83 1941.. Hershey 5% s wi Hoe & Co6%s. ... HumbleO & R6%s 1iiinols Bell 1st 63. 1nt Mer Marind int Paper 68°47. Inter Paper 6 It T&T %8 wl.. 186 KCP&LtésA's2 2 KanG & El 68’63 Kelly-8pring Lackawa S bi Lacl G ref §s°8 3 Laciede G 5%s 63, 22 Liggett & Myers b Loriliard (P) & Lonllard (P) 7 Loutsv G & I Manatl Sug 8£7%8 311d-Con 634 '40. . Midvale Steel 3s. .. ontans Pow 6s... N Y Eden 1st 6148 N Y Tel 4% N Y Tel 6541, North Am m North Am Ed Nor Ohlo T & L 6s. Nor States Pow Ba. Nor States Pow §s. Otis Steel THs. " . e e Pan-Amer Pets 6. Phila Co 5%8'38.. Phila Coref 68 A. . Phia & RAC& 163 Producers & RE 83, Publi¢ Service §s. . Pub Serv Elec P Serv Gas 548 ’5! P Serv Gas 834 *64. Punta Alegre 7s... Remingta Arme Rep Ir & Steel 6s.. Saks & Couf 73. —ord e 25eeEBRoaSRaSaewBhana 2% 924 9 101 100% 100 1004 103 1% 5 119 104% 94l 108% 162 102% 104 74w 98'% 1064 101's 5y HISCELLANEOUS. 1014 102% 103% 7w 98 1064 101% 27 100% 96% 102% 984 1184 104% 110% 120% 98l 1034% 101% Close. - 9930 u9 31 Lib 1st4%s 20 10127 10124 101 26 &s. 860 100 29 100 26 100 28 44 1018 1016 70 1027 78 1088 1016 1023 ’ Sales. High. Low. Close. 23 118% 114% 114% Suelly Oll 6% U 8 Rubber 7% U B Bmelter ¢ USBteelsfés. Utah Pow & Lt 5 Va-Car Chem 7s. Vertientes Sug 7 Warner Sug 78 Warner Sug 7 West Elec b: Westinghouse A% Youngstn 8& T Ann Arbor ¢s Atchison Buff R& Pitt 4353, Canada South 53, Canad North 634s. Canad North 7 Canad Pac deb 4s. Car Clinch £ O 6s. . Central Pacific 4s. . Cent Pac 1st 5530 58 chiBe Q Tst rt 35, B & Q-1 dlv 4s. ChiRI&Prfds... ChITH&SESs ChiUn Sta 4%s. Chi Un Sta &8 Chi Unlon Sta 5844 Ch! Un Sta 6%s. . Chi& W Ind cn 4n. CCC & 8t L bt CCC&BtLrrésA. Cleve Term os. De! tHudfi%! Den & Rio G cn 48, 3| D& Rio G Imp B3. . D & Rio G Wat b i Det United 4138 Erfe 15t cons ¢ Erte gen 4s Erieconv4s A, Erte conv 48 B. Erfeconv4sD... Erie (Pa)eit tr 4s Grand Trunk 75 Great North 6. Great North 5 Gr North gen 7s... G Mob&N 5B '50 Hud & Man ref 58 111 C-C St L&NG 88 Int Rap Tran 6s. Int Rap Tr bs stpd. Int Rap Tran 6s. .. Int Rap Tran 7s... 1:t & G Nor a3 6 Kan City Ft S Kansas City S 3 KansasCity S 5s. Kan City Term ¢s Lake Shore s "Z8. Lake Shore 4s 31 Lehigh Vaicn 4s. Louis & Nash 5148, Louis & Nash 78 Market St Ry s M StP&SSMen 105% | M StP & SEM ch §s. 101% | MSUP & SEM 033 929 | 3 Mo Pacific 6s cfs Montr] Tm 1st 5s. . Nassau E Ry 43737, ¥ NYC&StLdbds. NYChi & St L 5%s V.w Hav deb ¢s°5¢ 104% 1301 | Yorthern Pac 3s Northern Pac 4s. Northern Pac bs Ore & Calif 1st & Ore-Wash 1st rf ¢s. Pennsyl gold 7 . 1054 | pere Mrq 15t ¢s '36. ou | Eere Marg 1at 5a. 8t P& KCShL ¢%8 St P Un Dep bs. San A& Arn P & Southern Ry gen 48 9% southern Ry 1st 88 108% | southern Ry s ct. Union Pac 1st rf ds Union Pao ¢s ‘27, Union Pac cv Virginia Ry 1st s, « 16 1 101% 101% 4 1004 100 102% 102 109 108% 81 97 101‘6 103% 9048 1064 106% 100% 100% 105% 1054 94k 94k 101t 101% 884 88% 80% 79 9l 9% 100’4 100 106% 106% 101 100% RAILROAD. 101% 101% 108% 103 102% 101% 85% 07 2 U% B9% 88% 86% 86% 102 102 117% 117% 116 116% 804 804 107% 107% 87% 8% 7 968, TR 91K 3 9l 81k 6 118% 117 484 454 10¢% 1044 T4 Te% 97 96 110% 110%% 1071 1074 174 17% B4% B4% 864 B5% 85 €6 931 93 1024 102% 100% 1004 18 117% 8 T84 o8 - 984 98w 98 1031 103 100% 1004 1064 108% 9% 94% 87 87 104 104 205 90k 10618 105% 103 IOJ 0 'o-nil\!o;aaw-aan:awqwr:-_o;—w MURR e - 1014 101 104 110 102 1024 105% 108 5 106 106 106' | The New 100% 10034 oS Gi=n 60 60 101% 101 8 . B4 934 101% 1011 1087 108% 76l Ydie @ aBooaingnd 60 91% 644 106 105% 97 lofl‘ 100% 2% 82y 984 984 3% 934 101% 1013 97% 97 1% 1 1084 1081 . P-4 0580 ncaa - Sman 31 PSS 8% 184 103% 103% 106% 106% 111% 110% 102 102 66% 8% 86% B86% 99% 99% 108% 103% 9914 99U 97 96% 101% 101% 07 - 964 65% o ae A EABRI A= oRT00Rm— 24| Whel& LErf4%s 4- 854 Wilkes-B&E 1stfs. ¢ Wisconsin Cent ¢e. 2 1014 100k 16014 100% 97% 97 - 101% 100% 102% 109 97 I03‘« 106% 100% 105% [ 9% 63 €7% 98t 9615 81 165 1004% 854 | 97 86 83% 80% S881 95% 63 3 9% 9% g.mnh:ad?emivlfln. ¢ | estimate r FINANCIAL. Sweeping Changes In Motor Cars Predicted Now By the Associated Press. NEW YORK, October 6.—Walter P. Chrysler sees revolutionary change in motor cars In the next two year with the heavy car superseded by a light and effictent car running 90 miles an hour and yielding 100 horse- power. He predicted the change would be accompanfed by a 25 per cent re- duction. . ADVANCES TODAY Unfavorable Weather Main Factor in Grain Pit Transactions. By the Associated Press. CHICAGO, October 6.--With un- favorable weather both in Canada and in the Spring wheat States northwest. wheat values scored a fresh upturn NEW PEPCO STOCK ISSUE IS POPULAR Desirability as Investment and Advance Orders Indi- cate Oversubscription. BY CHAS. P. SHAEFFER. The forticoming issue of $2,000.000 & mac Electric Power Co., which will be opened for public subscription at 981 | within the next 10 days, according o reliable information, is arousing an unprecendented interest in local in vestment circles. The stock, which is designs per cent series of 1925, the public its first opportunity uf vesting in the & Electric Power The loan, Wil be handled by the rompany itself. in conjunction with local banking in- stitutions, has been split up {mto small lots, which will afford to employes and patrons of the company every oppoi- tunity to become part owners of the plant. From the standpoint of urity, the new stock will be virtually in a class itself, secured by an equity in the plant of more than six times the today as soon as the market opened. Besides, advices which were at hand indicated that continental European stocks were low, and that drought i prevailed in parts of Indla and Aue: tralfa. Commission house buying| here showed an increase, and there was also purchasing on the part o( previous sellers. The opening, 7 ti 17 higher. new style, December 1.37% to 1.38, and Ma: 1.38% to| 1.391, was followed by m:neria\ fur- ther gains, December touching 1.391% and May 1.40. tion of wheat and likewise reflected the influence of adverse weather. Af- ter opening 4 to G higher, December, 7713, corn continued to ad: Oats started at 1i to i gain, De- cember 40, and later held near to in- itial figures. Provisions lacked support. s 16 November... 15 WESTERN CANADA'S 1925 GRAIN CROP ESTIMATED WINNIPEG. October 6 (P.—: | Western Canada's 1 wheat crop is placed at 400.355.000 bushels in an ssed here by the North west Grain Dealers’ Association. This fizure {s based on an estimate average of 20.1 bushels to the acre on 19,865, 5’0(\ acres. By provinces the produc- ton is est nmm Dbushels. and | ‘AMERlCAN SMELTING CO0. NEW YORK, Octoher 6 Refining Co. today raised the annual dividend rate on the common stock from $5 to 87 5 share, through declar: {tion of a quarterly payment of $1. ’I.a.!l February the compa increased its rate from $5 to $6 i share. RUSSIAN AND GERMAN FIRMS IN AGREEMENT | BERLIN. October 6 (4).—The Boer- jsen Courler reports that a fiv jagreement is about to be concluded be. {tween the Russian Electric Trust and ithe German General Electric Co. here. York General Eléctric also |18 to associate itself in the scheme. The agreement aims at making the |tecHnical experlences and inventiona {of the German General Liectric avafl- {able to the Russian concern. i FURTHER GAVIN TODAY MADE IN RAW SUGAR . October 6 (#).-—Anoth- 32 occurred in the raw y. Sales reported lwere 10.500 haq« ot Philippines, due tomorrow at 3.96. The raw sugar futures market failed to respond to the steadier tone in spots, and under continued selling for Euro- pean and trade accounts prices eased RUMANIAN GRAIN MEN ARE FORCED TO WALL BUCHAREST, Rumanla, October § UP)—Many Rumanian grain export- ing and brokerage firms are reported to be In a serious financial plight, owing to Inability to export under Russian and Jugoslay competition. Several fallures already have been an- there will be more unless the govern- ment immediateiy reduces its export taxes and facilitates the outward movement of grain. MELTING STEEL CHEAPER, NEW YORK. October § (#).—Eas- fer quotations for heavy melting stes] and scrap iron are reported from the Chicago district. $16.25 a ton being named by several large dealers as the maximum price. for heavy melting steel. DIVIDEND RATE UNCHANGED. NEW YORK, October 6 (#).—Only the quarterly dividend of 75 cents & share was declared yesterday on the capital stock of Moon Motor Car Co., which the financial district expected would be placed on & §$4 annual basis. AUSTIN NICHOLS To EXPAND. NEW YORK, October 6 (#).—Aus- tin_ Nichols Co. plans to acquire a large chain of fruit canneries on the Pacific Coast, in connection with which C. W. Patterson, president, ls leaving for California. GERMAN BONDS AND STOCKS. (Quoted in dollars per millign mr}n r Gt {w In) 511"1'914 18. 500.00 Al amptirs 4 'r[‘ 58 l’, o3 0 =108 .“" 35233333~ 53238 QN 833333382 Corn and oats responded to the ac: | DIVIDEND RATE RAISED| ). —Di- | {rectors of the American Smelting and | nounced and fear {s expreszed that | amount of the lssue, after making de- .+ {ductions for outstanding bonded in | debtedness. It will Le fres from' the | normal Federal income tax and from the District intangible tax of '3 pe cent, which actually will put the curity in the 612 per cent class, Bankers and brokers. generally. re. port many demands f reserv: 'y.dons | made by~ prospective customers, dicating the loan will bo quickly over subscribed when put on the market Comment on Rail Shares. Sluggishness of the rail shares ir | the face of uniformly favorabie August | earnings. conttnued gains fn traffic {and the upward tendency of indus | trial stocks have been ascribed in some Wall Street quarters to the re cent unfavorable developments uffect ing consolidation projects requiring lapproval of the Interstate Commerce Commission The proposed fifth trunk line of L. F. Loree has encountered st least i | temporary obstacle through the ad- | verse report against the construction of a new railroad across Pennsylvania and the Rock Isiand has Leen fore to cancel a $7.500.000 note issue sold {to finance Its proposed acquisition of the St. LouisSouthwestern because of the fallure t» o | terstate Commerce Commisston_ap- i proval. Uneasiness also has been manifested over the long delay in passing on the “Nicke] Platc” merger ; Other Financial Notes. The Contlnental Trust Co. reported 12 1ome in deposits on September 3 of only $99.829 instead of a decrease of $189.000 as reported Freight cars in need of September 15 totaled 190. per cent of the number on line, cording to the American Railway ation. This was a decreas 16,604 cars under the number reps | on September 1. & Bank Stock at New Top. | Stock of the Commercial |Bank heid its high level, | tablished yvesterday, in today's 1k shares changing hands S the only feature of the day's transactions. Rellway preferred stock was qui iat 8315, 12 chares changing han while nston was also unchanged at £514 on rales of 25 shares. National rigage and Investment, preferred in good demand at 91y Bonds were neglected, ’1 009 Rai way 4s at 19 and $500 Capital Tr: tion s at 907 being the only sale Land Bank Offering Coming. During the next two weeks Join: Stock Land banks will work cut pians for ths offering of $80.000,009 of re funding bonds. Actual offering of the { major portion of these bonds will b> accomplished this month. The firs: of the series consistad of $5.000,00 Chicago Joint Stock Land Bank 4 offered last week. The ability of land banks to 41, per cent coupon honds at time is considered of wide econom importance. These banks ara limited by law to charge the farmer no more than 1 per cent interest in exce 1 the coupon rate of the honds sec | by the farmer’s mortgage. and i {of the fact that the present market i< { readily absorbing 41. per cent bonds at a premium farmers in many sec ! tions are now paying 3% per terest against 6 per cent two monthe ago. and in the future an even lower rate is expected. ! Extensive Refunding Plans. The Guy Huston group of hanks alone are expected to refund hetwosn $10,000,000 and $13.000.000 during the next two weeks. Some interesting facts regarding the financial condition of these banks are disclosed by figures released a a part of the refunding program. For example, the Southern { Minnesota Joint Stock Land Bank is to retire $654.000 of its own 5 per cent_bonds and $750.000 of Minnezp. { olis Joint Stock Land Bank 3 per cant | bonds, which they have absorbed, with cash and Government securities which they now hold. Many other land banks are in equally good shape, and many millions will be retired out of cash and cash items without recqurse to new financing. GRAIN AND PROVISIONS. BALTIMORE, October 6§ (Speci New potatoes, 100 pounds. beans. buehel, 75a100; beets, hundred 00a3.00; brussels sprouts, quart, loa 23; cabbage, hundred. 4.0045.00; swoet potatoes, barrel, 1.50a5.00: yan rel, 1.60a4.25; carrots. hundred, 3.00a 5.00: corn, dozen, 15a25; celery 150a250; cucumber: 2.75; cauliflower. crate, tuce, crate. 5.00a6. bushel, 75a1.00: peppers 30; onions. 100 i pumpkins. hundred, 5.00a10.00; _q,,aq, basket, 35a40; tomatoes. hamper, 231 50; packing stock, bushel. 23a55 spinach, bushel, 60a63; turnips, bas. ket, 30a40. 5 Apples, barrel, 3.0025.00; 1.50a1.75; cantaloupes, crate, 1.2 2.00; cranberries. box, 4.25a323; grapes, basket. 1.00a1.10; pears, bush: el, 1.5023.00; basket, 20a40; peachd: bushel, 2.60a3.00; quinces, bushel, 1, Selling Prices at Noon. ‘Wheat—No. 2 red mestic, 1.46%; No. 2 licky. 1.42Y Sales -None. Corn—Cob, vellow. &pot, 5.0025.50 nominal, per barrel; domrestic, Nv. 2 - vellow, pot. 1.00. E bushel Winter, spot dn-: red Winter, gar--+ 473a48; No. 3~ new, 461;a47 Rye—Nearby new, §0a80; No. spot, no_quotations. Hay—Receipts, 40 tons. There id a * firm tone to the market for vhé‘fi—.c- ter grades of timothy and cholce ¥f; clover-mixed, of which descriptions “ hay the receipts are running ligk! Low grades of clover-mixed and. heay dark clover are hard to move ahd, o uncertain value, Quotations. per ton, No. 3 timothy, clover-mixed, 21.00a22.00; ;- No. 1 clover-mixed, 30.00a21.00. Straw-—No. 1-wheat, 11:00n12.00; No. 1 oat, 12.00a13.00. -