Evening Star Newspaper, October 20, 1925, Page 30

..() FINANCIATL. ULLS INCONTRDL IN STOCK MARKET | Alr Reductn(15). Force Rails, Motors, Oils and Equipments to New Tops in Today’s Trading. BY STUART P. WES Epecial Dispaten to The St W YORK, October 20. in the stock market today distributed and trading iown to a more normal k ng several davs of reckless specula tion and vietent fluctuations, today’s Stock Exchange dealing assumed the character of a calm after a storm. The ils, some of the metal shares, several of the motors and related issues and # number 2 was more evenly got of the rails were bid up 2 points on the average. The diversion into the oils followed the publication of the Marland fig- sres for the third quarter. These r n excellent showing was a balance after i rest, depre- ciation and depletion. but before Fed- eral taxes, which worked out the equivalent of $2.87 a share, against $257 a shave the previous three wonths, For the nine months ended September 30 Marland earned $6.87. Marland stock, once hte buying got into it, went up very easily. rland Leads Oils. Other ofl shares did not have as much of an advance as Marland, but they were more active and stronger than for @ lonz while past. There were gains of 1 to 3 points all along the line, taking in Pan-American “B”, General Asphalt, Associated Ol Mid-Continent, Pacific Ofl, Atlantic refining. Standard of California and Texas Co., the last named getting ebove 50. ntiment toward the oils in general changed from skepticism to optimism because the Marland figures had been @ revelation to many. Numerous rails made new high prices for the present movement, among them New York Central, Louis- ville and Nashville, which at one time was up over 2 points; Southern Rail- way, which sold at the highest for all time, and Pere Marquette. Nashville and Chattanooga jumped. Change of Tactics. This change of tactics involved a much quieter market for stocks like General Motors, Studebaker and the rest which had been providing the feature last week and the week before. Interest turned to the oil group, the rails and to the railway equip- ments. In view of the wide popular hold- ings in the oils. the taking up of these stocks was calculated, more than any other development could possibly have done, to restore outside confidence in the general market. ‘The market for railway shares was | evidently getting readv for another series of favorable comparisons in the September traffic returns, which will be cominz in during the next few days. the buying had in view the possibility of dividend increases in such important roads as New York Central, Louisville and Nashville and Baltimore and Ohio. Copper Shares Stronger. Operations for the rise reached out to the coppers and into the shares of locomotive and car making companies, following reports, in the latter case, of considerable improvement in new husiness. This changing about from one set of stocks to another gave the buying movement a broader appear- ance. It was just the sort of thing which was calcuateld favoraby to in- fluence outside sentiment and check the selling tendency which reriously threatened as the result of the violent proceedings at the close of last week in the motor shares. MARKET CLOSES STRONG. Advance Gains Momentum in Last Hour’s Trading. NEW YORK, October 20 (£).—The sing was strong. The advance ined momentum in the late dealings with investment railroad shares reach- the highest levels of the day. ling was enlivened by a spurt of points in General Railway 1al. to a new peak price of i jimp of 10 phints in Jersey ¢ while American Can s ord high of 25112, Total sales mated 2.100.000 share: Publication of the Locarno ments, the granting of American cre- dit to Belgium, lower money ratesand vnusually favora by the Marland Oil Co. and comple: tion of negotiations for a merger of the R and Nevada Consolidated companies all helped to restore specu- lative confidence, which had been shat- tered by the sensational and erratic flufictuations of the motor shares in recent s ored an_extreme § points and c Truck, Union, United Internativnal Harvester and Yellow Cab were pushed up 4 to 5 points above last night's closing quo- tations. NBEW YORK ment -Stucks s invest- I shares lead advi Bonds firm: German issucs at record highs, Foreign exchan, francs recover favorable w han huyin housa buyin: _CHICAGO.-—Wheat irragular; frost Argentine. Corn weather. Cattle steady. B v highe: Coffee firm; commission fears better Hogs lower. 2o ke o e TODAY'S METAL MARKET. NEW YORK. Octobér 20 (4).—Cop- per steady st and fu- tures, 14 spot and futures, 62.50. Prices un- changed. Lead stead a9.60. | Zine steady St. Louis. spot, 8. futures, Antimor o GRAIN AND PRDVISIDNS BALTIMORE, October 20 (Special). New potatoes. 100 pounds, 1.25a 3.00; heans. bushel. 1.23a2.50; beets, 100, 10a3.00; brussels Sliloul'fl quart, 10a15; cabbage, sweet potatoes, barrel, yams, barrel, a3.00: carrots, 100, 5.00; corn, dozen, 10a25: celery, 023.00; cucumbers, kale, bushel. 50a pepper 100 pounds, 100, 3.0048.00: ) hushel. 30a40: tomatoes. hamper, 40a 1.00; packing stock. bushel, 35a60; spinach, bushel, 1.00a1.10; turnips, basket, 20a35 Selling Prices at Noon. Wheat—No. 2 red Winter. spot, do- mesti No. 2 red Winter, gar- lettuce, bushel, 25a30; pump- abbage, hasket. spot. 3 .2 yellow per bar- spot, 98, . 3, new, Hye-Nearby, new, 85a90; No. 2 rye, ~pot, no quotations. Follow- | There | to| Jle earnings report | Adams Exp (8) Adv Rumiley.... Ahumada (11).. Ajax Rubber. Alaska Juneau. Allied Chem (4). Allied Cm pt(T). Allls Chalm (8). Am Agricul Chm Am Ag Chm pf.. { Am Bosch...... | Am Bosch rts Am Brk Shoe( Am Br Bover! { Am Can (7). Am Can pf (7)., Am Car&Fdy (8) Am Chain A @. Am Chicl Am Drug. Am Expre; ). Am & For Pow. . Am&F Pt (7). AmEFP 25% (7). Am Hide & L pf. Am Internatl. Am La Fran (1). Am LaFra pn:) Am Linseed. .. . Am Loeo (118).. Am Metal (3)... Am Radiator (4) Am Republic. ... Am Safety R (3) Am Ship&Com. Am Sm&Ref (7). Am Stl Fdys (3). Am Sugar. Am Sugar of (1) Am Sumatra. ... Am Tel&Tel (9). Am Tobacco (7). Am Toba B (1).. Am Tobac pf (8) Am WW&EI 1.26 Am W W 1st (1) Am Wool pf (T). Am Zine.... Am Zinc pf..... Anaconda ArmourDel pf(7 Armour,Tll A (2) Armour,Ill (B). Arn Cons&Co. .. Arnold Con ctfs. Artloom (76c). .. Asso Dry G(2%) Asso D G 24 (7). Aes0 011 (2).... Atchison (7) Atchison pf (5). Atl Coast L (18). AtIGulif& WI.. At] Gulf & WI pt Atlantic Refing. Atlan Ref pf(7). Atlas Powdr (4) . Austin-Nichol: Baldwin L (7).. | Bald Loco pf( Balto & Ohio(5). Bal & Oh pf (4). Bang & Ar (3)... Barnet Leather. Barnsdall A Barnsdall B. Beech-Nit (13). Belding Bros(3). | Bethlehem St1 Beth St1pt (7).. Beth St1pt (8).. Booth Fisherles. Botany A (4)... BriggsMfg(1%) Bkl Edison (8).. Bkl-Man Tran.. Bkl Union G(4). Brown Shoe (4). Brunswick-Balk Brunswick Ter. Burns Bro (10) Burns Br B (2). Bush Terminal. Bush Ter de (7). Butte Cop (500). Butterick. ...-. Butte&Super(2). Byers (AA).... Cal Packing (8). Calif Pemt (3).. Callahan Zine Calumet & Ar (4; Calumet & H (1) Can Pacific (10). Case Threshing. Case Thresh pf. Cent Leather-. . . Cent Leather pf. Cen RRofNJ t1. Century Rib (2). Cerro d Pasco(4) Certain-Teed(4) Certain-T 18t(7) Chandler (8).... Chees&Ohlo (¢4). Chi & Alton. ... Chi & Alton pf.. Chi & East 111 p? Chi Great West. Chi Gr West pf. Chi Mil & StP.. . Chi Mil & StP p? Chi & Nwn (4).. | Chi & Nw pt ¢ ChiPneu T (8). ChiR1& Pac CRI&PPL ( CRI&PDL (7). ChiStPM&O. . Chi Yellow C (4) Childs (32.40) Chile Cop (2%) - Chino Copper-. ... Chryeler Corpn. Chrysler pf A(8) Cluett Peab (5). Coca-Cola (7)... Col Fuel & Xron. Colo Southern. .. Col G & IS (2.60). ColGE&EDL (7). Col Carbon (4).. Coml Cred (135). Com Cr pf (1%). Com Iny (2.50). . Com Solv A (4) Com SolvB..... Congoleum (2).. Consol Cigar.... Consol Distribut Consol Gas (5).. Consol Textila. . Cont Can (4).. Cont Insar (8).. Cont Mot (80¢) . Corn Prod (3)... Corn Prod pt(7). Coty, Inc (3.80).. Crex Carpet (4). Crucible Stl (4). Cuban Cane Su.. Cub Cane Su pf.. Cuba Co (The).. Cuban-Am 8 (2). Cuban Domin. .. Cuban Dom pf. Cudahy Pkg (7). Cushman'’s (3).. Cuyamel Fr (4). Dan!el Boon Davison Chem.. Del & Hud (9).. Del L & Wn (17) DRG Wstpf... Detroit Ed (3).. Detroit Ed rts... Dodge Rros Cl A Dodge pf (7). Doug Peotin (1). Dupont (19).... Duquesne pf (7) Bastman (18).. Eaton Axle. Eaton Axlerts. . Elec Powr & Lt. EIP&LpL(1).. EP&L pf 40% (1) Elec Str Bat (4). Emmerson Brat. Emmerson B pf. End John (6) Erie 18t pf. Er1e2d pf. o ve-- EurekayVacuum. Falrbanks Co... Fairbks (2.60).. Famous P1(8). Fed Min pf (7). Fid Phoenix (8). Fisher Body (5. | Fisk Rubber.... Fisk R 1st pf (7) Flaischmann(16) Straw—No. 1 wheat, 11.00a12.00; No. 1 oat, 12.00a12.50. b3 Foundation (8). Ad Rumley pf(3) 57% Open. Hizh. Low. 107% 14% 107% 16% 59 9% 108% u IDS!- 119% 93% 28 TT% 36% 1% 4 128 50% 25114 118% 5 109% 9t 107 264 1093 139% 168 i 108% 5 111% 155 188 THE EVENING X STAR, WASHINGTO OCTOBER 20, TUESDAY, Closs. 107= 16% 69 9 108% 11 2 106 Fox Filjp A (4 Freeport-Tex: Gabriel A (£3). Garduer Motor.. Gen Am Tnk (3). Gen Asphalt. Gen Baking (6). 244 1ls |SenCigar (8)... 108 o1 | @en Electric (8). 296 27w| Gen Elspec 800. 11 77" | Gen. Motors (17) 1254 s | Gendotpr (). 1124 i | Gen Outdr Adv.. 80% 1274 | Gen Outdr A(4). 521 25" | Gen Petrm (3. 41 2513 | G0 RY St 1715 344% Tigs | Gen Rwy Sigrts. 34 Gen Ry Spf (8). 102 199% | Gimbel Bros. 68 Ginter (13) 45% Glidden Co. 284 Gold Dust. 4o Goodrich Ru (4). 61 Goodyear pt (7). 110% Goodyr pr pf (3). 107% Gould CoupA(2). 214 Granby Consol.. 194 Grt North pf (6) 784 Gt Nor Ore (1).. 31 Grt Wetn Su (8). 100 Green Canan. 121 Guantanamo. . 45 Guif Mo & Nor.. 84 Gu M & N pf (6). 105 Guif States S (5) Hartman (23).. Hayes Whi 13%. Hays W pf(714). Hoe & Co A (4) Homestake (14 Household P (8) Houston Ofl. Howe Sound (2). Hudson Mn (2%! Hudson Mot (8). Hupp Mot (1)... Nlinols Cen (7).. 111 Cent pt (6) . Illtnoic Cent rts Indep O11 (1). Indian Refining. Indian Refg ctfs. *Ingersoll R(8). Inland St (24).. Inland Stl pt(7). Interub Rap Tr. Internat Agri Int Bus Mao (8). Int Cement (4) In Cement p£(7 Int Com Eng (2) Internat Har (8) Int Mer Marine. Int Mer Mar pf.. Int Nickel (3). Int Paper. . Int Paper pf (6). Intl Paper pf (T) Int Shoe (5) int Tel & Tel (8) Intertype (11%) Jewel Tea. Jewel Tea p! Jones Bros Tea.. Jordan Mot (3). KCP& L 1st (T). Kan City South. Kayser J (3) Keily-Sprin; Kelsey Whi (8). Kennecott (3).... Keystone T & R. Kinney G R (4). Kresge S8 (8). . | Kresge SS pf(7). Laclede Gas (3). Lee Tre & Rub. . Lenigh Val 3%) Liggett & M (14) Lig & My B (14). Lima Loco (4). Loews ine (2). 8% 21% 85% 9% 564 56 84 ke 300 42 108 26% 16% 160% 7% . 104 447 128 94y 88% 6% 63% 87 964 185 1% 26% 18% . 107% 181 a3 106'% 42 344 16% 108 56 2% 89 651 116 168 15% 9% 5% 74 664 874 8l 920 864 15% 24% 127 4 12 19% 134 T1% 224 110 104% Az 24 4% 53 uu Lorillard (8).... Loulsiana Ofl. LouisG3s A 1.78 Louis & ). Ludlum (3) MéCro B (11’.50) Melntyre P (1) Mackay (7)... Mackay pf (4)... Mack Trucks ( Mack T 18t (7) Macy HR & Co Magma Cop (3). Mallison & Co. Manat (5)...... Man E1 Bup(4%) Man Emd g (5). Man Shirt (1%). Maracatbo Ofl. Market St prior. MarlandOll (1% Maltn Rock (1).. Martin-Parry (3) Mathieson Alka. May Dept St (5). Maytag Co...... Metro G pf (1. Mexican Seabd. . Miami Cop (1).. Mid-Continnet.. Middle States Mid St Pr pf $10. Minn & St Louts Min St P & SSM M St P & 8SM pf. Mis Kan & Tex.. Mo, K & T pf (5) Missouri Paclfic. Missour! Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3). Mother Lode 75 Motor Met (3.60) Motor Whee' ) Munsing & ¢ (3). Murray B 12.40) . Nash & Chat (7). Nat Acme (sta). Nat Biscult (3).. Nat Blsou pf (D). Nat Cloak (4)... Nat Delry (3). Nat Dpt Stores Nat Distiliers Nat Distillers pf Nat Enamel & 8. Nat Lead ¢8).... Nat Ry Mex 1st. Nat Ry Mex 2d.. Nat Supply (3) Nevada Copper. . NY Alr Brake(2) NYAIrBrA (4) N Y Canners (2). Y Central (7). YC&StL (6). YC&SLDE(8) . N ¥ Dock. N Y Dock pf (¢ NYNHE& Hart. N Y On&Wn (1). NY Rys pf tefs Y Shipbld (2) |N Y State Rys. .. Norfolk South. . . ort & West (7) orth A (B3.40). North Am pf (3) North Pae (5)... Norwalk (1 60).. Nunnally (1.,.. Ontarfo Mining. Oppenhelm (3).. Orpheum (1.20).. Otis Elevator (§) Otls StSeel. Otis Steel pf. Rg“ Owens Bot (3). | Pactfic Gas (8) 119% | Pacific 01l (3).... 1 | Packard Mot(2). 324 | Paige Mot (1.40) 9114 Pan-Amer-().... 1054 | Pan Amer B (6). 70 " | Panhandle. , 9y | Park & Tiiford a9 ¢ | Pathe Iix A (c5). 801 | Penick & Ford. 34y | Pennsy R R (3). 39+ | Denn-Seab Steel. ihis | Peoptes Gas (8). 303, ; Peorla & East... Baw | Fere Marq 4 o | Bere M prior (). 51% Al 88% 21 Pere Mar pf (5). PhlaCo (4). Phila& RC&I.. Philip Morris. Phillips Pet (2). Plerce-Arrow. Plerce-Arrow pf. Pierce Oil.. . 26% | Plerce O1l pf. 109% | Plerce Petrol 1383 | Pitts Coal. Pitts Coal pf (6). 29% 28 2% 174 76 22% 36 10% 8714 58% 244 103% 308 1% 12633 12% 0% 52% 481 8774 5 21% 354 9% 56% 5614 244 108 295% 10% 124% 112% 2 102 6 1174 | 2 NEW YORK STOCK EXCHANGE Received by Private Wire Di.act to The Star Office Open. High. Low. Close. 16 22 86 10 7% 57% 244 103% 298 11 124% | 112% 20% 62% 481 877 5% 67% 445 28% 49 66% 110% 107 22% 20 T4% 31% 985% 13% 5 3B 105% 82% 30% 45% 108% 45 49% 2 70% 28% 85t 9215 234 117% 117% 1% 2% 8 7% 300 424 108 21 15% 161% 747 104% 46 129% 9% | 84%4 87 64 87 97% 185 1% 222% 110 5 108% 1% 1324 2 40 65 415 85 26 834 5% 67 36 % 40% 32 32 29% 165 9 72% 126% 7814 2% a1’ 85% 75 a6 158% 7 2% 56 14% 31% o2 64% 126% 141 941: 8% 139% 127 1% 803 607% 120 1% 118 18% 3% 83% 3 oY 38 21 40% 40% 424 271 a1 53 30 46% 63 27 20 83% 124 24% 1% 9% 3315 1% 13t 4l 68 43% 86 26% 84 868 671 36 T Al% 32 32 29% 170 9 1% 126% 80 8% a1’ 35% kb 25 169 4% 2% 56 144 82 524 674 126% 41 4% 83% 6819 4814 140 8% | 184 e 130% 114 80' 6074 120 04% 39% 28% | £6 6% 27% 81% 20 48% 2% 118 18% 4% 834 8% 57% 8% 21 41% 40% 90 1% 26% 5% 40 86 Weber (4)...... v INTEREST CENTERS . INFOREIGN BONDS |Fresh Buying in Railroad Liens Also Noted—Liberty Loans Irregular. BY GEORGE T. HUGHE! | Special Dispatch to The Star. NEW YORK, October 20.—German 7s advanced to a new high in today’s active und generally firm bond market, of which forelgn bonds were the feature. The German 78 touched par for the first time in their history just before the close Monday. Other German oblgations were carried along, cuch as the German Agricul- tural Bank 7s. which got above 95 for the first time. Republic of Poland 8s were again in favor above 90, more than 4 points up from the low of the vear. Greek 7s had u sharp rise on comparatively small transactions. It was noticeable that French bonds did not share the improvement manifested elsewhere in the foreign list, but, on the other hand, they did not weaken, so far having displayed indifference to the reaction in French exchange. Norfolkk and Western convertible 6s were up in sympathy with the stock. All the convertible ofl bonds were | strong, one of the leaders being Sin- clair 65 and another Skelly 612s. Pitta Stipf (7).. 96 Pitts Ut pf 11.20. 14 Pitts & West Va. 80% Postum Cer (4). 183 Press Steel Car.. B6% PrStCarpf (7). 81 Prod & Refiners. 15% Producers&R pf. 29 Pub Ser NJ(5).. % Pub Se E&G pf 6 97 Pullman Co (8). 158% Punta Aleg Sug. 85 Pure Oll (1%).. 26% Radio Corpof A. 5% RadloCpf (3%). 485 Ry St Spg (8).. 170 Ray Cons Cop... 144 Reading (4)..... £6% Reading 24 (2).. 40 Reading rts..... Reld Tem Cm (3). Robt Rels & Co. . Remington Type 1084 Remingtn 2d(8). 108% | Replogle Steel.. 14% | Rep I & Steel... 51 | Reynolds Sprogs 105 96 1 804 132 664 81 15% 29 7915 79% 96% 96% 1584 161 83 84 2615 26% 5% 54% 48% 484 96 14 Bln 182 56% 81 17 29 96 14 81% 133 66% 81 174% 29 80 97 162 85 27 23 5% 172 144 8Th 108% 1oxx.§ 14% _14% 51 Toiw| 10% 10% 91% |5t Joseph L(13). StL & SanFr((7) ! StL San ¥ pt(6). St L 'Southwest. [ StLSwn pf (5). Savage Arms. | Schulte Stor (18) Seaboard Afr L.. Seabd Alr L pf. Seagrave (1.20). Sears-Rebk (8). Shattuck F G(2) Shell Trans 2.16. Shell Un (1.40).. Stiell Un pf (6). #104% Stmmona Co (2). 50's Simme Pet (1).. 0% Sinclair Ofl. 187 clair pf (8).. &3 elly Oil (2) 284 1oss-Sheff (8).. 106 Sioss-Shf pf (7). 98 south Pac (6)... 97 Southern Ry (5). 110% South Ry pt (8). 91 Spicer Mfg..... 31 Std Gas& EI(¥). 58% Std G&EI pf (4). 53% StOlCalif (2).. 53% StOiINJI (1)... 40 StOU NJ pf (7). 117 Sterling Prod(4) ) Stew-Warner(§) Stromberg (8).. Studebaker (4). Submarine Eoll. Superior Oll. Bweets (uew). Symington. . Symington A(2). Tenn Copper (1) Texas Co (3).... Tex Gulf Sul (8). ! Tex& PacC& 0. Tex & Paclfic. The Fair (2.40).. Tide Water (1).. Tide W Oil pf(5). Timken R B (14) | Tobac Prod (6). | Tob Prod A (7). Transcont Ofl... Twin City (4)... Underwood (8).. Underwd pf (7). Un Bag & Paper. Tnion Oil (1.80). Un Pacific (10). . | Un Tank Car(5) Un Tk Carp?(7). Gtd Alloy Steel. Ttd Cigar (*3%) Utd Dyew pf (7) United Drug (7) UtdDrug 1st 3% Utd Fruit (10).. Utd Ry Inves pf. U S Cast Iron P. USCIPDE(T). jjos Distributing U S Hoft (2)..... | 175 Ind Alcohol. U S Ind Ai pf (D). U S Realty (8).. U S Rubber. . { US Rub 1st (8). US Smelting (3). 7S Smpf (3%). U S Steel (17)... U S Steelpf (7).. Universal Flpe.. | Untver P pt (7). | Gt PEL A (3).. Vanudum (2) Va-Caro Chem. . Va Caro Chem B. ‘Va-CarCh pf cfs. Va-Caro Ch pf. {va Ry & Powe: | Vivaudou.... wabash. ... dort (1%).. Ward Baking B. | ward Baking A. { ward Bak pf(7). Warner A (1%). warren Co (4).. © 210 77 41 208'5 2081 T4 e 41% 41y 1 235 23% 10415 1043 S0's GO | 20 20% I‘K‘ 19% B 109% 111% a1 91w 3L 8% 58 58y 531: 634 | 2le 50 40 405 | 1167 117 | 4% 75 803, 49% 113% 115 18% 134 61 b2 3 854 34 B4 101 101 80% 51% | 93 94w | 106 1084 595 564k 121 2% 33% 341 140% 141% 123 128 115 115 28y 30% 91% 931 €0 60 136% 139% 54l 54w 2374 237% 68 68 185 19514 100 100 344 36 474% 91 92 1127% 112% 164 170 3 6% 106% 106% 43¢ 4R 46% 46% 123% 125% 126 126 54 80% 186 100 84% 474 91% 112% 165 7315 106% 437 40% 1% 12% 12% 124 1234 1234 19 19 401 41 708 Ti% 6% 15% 811 83y 185 135 109 109 21 21% 47% 79% 4% 5% 15% 16% 22, 28 31% 32% 7 77% 139 141% 1244 126 215 T5% 85 86 16% 164 2T 2% fest Maryland. West Md 2d p.. Western Paciflo. West Pac pf (6). West Air Br (6). westinghs (4). Westhse 18t (1. Weston Elec.... | Weston A (2). | Wheel & L Erte. | Wheel & L B vf. | wuite Eagie (2) | waite Mot 4). . ¢ 109% 10 % 5y 18 18 18 . 18 19"16 1924 wilson & Co... . wilson & Co pf.. ‘Wilson pf ctfs. . woolworth (3).. worthn Pump. ght Aero(l;. Yale & Towne Yellow C (2. Yellow Cappf(7) 94 Youngstown (4) 6%, Dividend rates a ziven in aro the annual cash D fatest auarterls or hal extra or special divi. k’ nlees otherwise noted. m;, b or are mot. incliide 'aid this year. no nvhonnl in stock. *Partly llock Iy ayanio .nghnrlegmd stock. ' 1Bjup 3’9’!": #10k Davable 1% %% adarierly. ' U8 18 18 ¢ 1984 48 30% 70 = 345 76% the al 2k tagle Jearly declarations! | Seine Dept of 7s. | Serbs Crot Sio 8s { Ajax Rubber 8s. 1925. I N NEW YORK BONDS ST;)CK EXCHANGE I Received by Private Wire Direct to The Stnr Office. UNITED STATES. (Sales are in $1.000.) Sales. High. Low. Lib3% &1 9929 9926 Lib 1st 4%e 10 101 80 101 26 Lib2d 4%». 145 100 24 100 22 Lib3d 4%s. 168 1014 1012 Lib 4th 434+ 220 1026 1023 UBS4s1944. 28 102380 10230 UBS4YUs’'s3 29 10614 106 14 FOREIGN. Sales. Hizh. Low. Close. Argen 6s Ju '§9 61 964 Argen 6s Oct '59 25 96\4 Argentine 6s A. 96% Argentine 65 B. 964 Argentine 7s. 1024 Australlan 5s. 96% Austria 7 101 95% 99% 86% 93% 96% 108% 107% 1084% 9% 86% Bd% 997 100% 102 102% 102% 102 & 100%: 109 47% 110% 904 9814 4 102 101% 110% 111 4 103 e 10214 103 o 108 BT% 95% 914 99% 104% 100% 953, Close. 99 28 101 30 100 24 101 4 1024 102 80 106 14 Bank of Japan 6s. . Belgium 6s. .. Belgium 6%s. Belgium 78 Belgium 7%s. Rolivia Bordeaux Brast] 7 Brazi 8 Canada 68 1926 Canada bs 1931, Canada 58 1952 Canada 5%s 1929, Chile 85 152 Chile 75 1943 Chile 85 1941 Chinesa Gov Ry & Christiania 8s. Con Pow Japan Copenhagen 5% Cuba 6% Crecho 88 1951 Danish Muntc 8s A. 11 Danish Munie Denmark 8s. DEI5%s Nov'53. Dutch East 16 Dutch East I 6 Pinland s f 654 - Sulunonmam - - French 73 French German Ts... Ger Agr Bank Ger Gen Elec s Mexico ¢s'1 Montevideo 7s Netherlands 6s 'b: Netherlands 6 Nord 6%s. . Norway 5%8 Norway 6s 1 Norway 6s 1944 Norway 63 1952 Orient Dev deb Paris-Ly’ Paris Orleans7s. Porto Alegre Prague 7%s. Queensland 6s. Ria de Jan 8s 1946 Rio de Jan 8s 1947. Rio Gr Do Sul 8s3... Sao Paulc City 8s Stof S Panlo rets. Saxon P W Ts 102 94 20 Sotssons 6s Sweden 58 ct. . Sweden 63 Swiss 5% 1946. Swiss Confed 8s. Tokio 5s. ... Ud Kingm 5% *29 Ud Kingm 6%s '37 Ud Steam Copen 6s Uruguay 8s. NISCELLANEOUS. 1102 Am Agr Chem o8 4 1025 Am Agr Chem 7%s 17 103) AmChainsf6s°33. 7 99 Ars Kepub deb 9T AmSmit& R 1st 63 981, Am Sng ref 6s. 3 102 AmT&Tcltrés 3 AmT&Tecltrba AmT&Tsfbs.... AmT & T deb 514s. 20 Am Water Wks os. Anaconda 1st s Anaconda cv db 7, Andes Cop s rct: Armour & Co 4%s. Armour Del 54s. . Assoclated Ol1 8s. . Bell Tel P Bell Tel Pa bs C. Teth Steel pm &8 Beth Steel rf 102 17 118 e 110 10z 102 a 103% aRey a7 98t 101% 07l 100% 96% 102% 95% 1003 97 98 | Beth Steei 3 ol s 7 63. | Brier H St 15t 53%s. Bkiyn Ed gen 5s. Bkiyn Ed 68 B. Brooklyn Unlon 3s. Bush T Bldg 63 '60. Calif Pete 6138. .. Cen Leth 6845 cfs Chile Copper 6s.... Col Gas & E1 55 sta. Commonwth P és. . Con Coal Md 1st 5. Con Gas NY 5%, Consumers Pow G8. Cuba.Canecv 7 Cuba Cane cvd 8s. Cuban Am Sug 8s.. Denver Gas Dery (DG) 7s. . Det Edison ref 6s. . Dodge wi6s.. : Donner Steei 7s. ... DuqL &P 51849, Duquesne Light és. Ext Cuba Sug 7i4s. Empire G & F 1%s. ° Fisk Rubber 8s.... Goodrich 6%s. ... Goodyear 8s 1931.. Goodyear fs 1941. . Herghey 514s. . Humble O & R5%s Ill{nols Bell 1st 5s. Illinois Steel 4% Int Mer Marine 8, Int Paper 6347 Inter Paper 8s.....127 Inter T & T 5%s... 121 KCP&LtG8A 52 36 KanG&El6s°'63.. 12 Keliy-Spring 8 Lackawa S 6s°50.. 10 Lacl Gref6s’34... 12 Laclede G 6%s a4 Liggett & Myers 63 Liggett & Myrs 7s. LoulsvG & E M1d-Con 6%8 Midvale Steel bs... Montana Pow 6s... o - ;rnana-»nwu:au::-z——.fi::va-u-u«|.uu o @ 20 " Y Edison 58 °44. . N Y Edison 6%s... NYTel4% North Am 6s... North Am S%s. NorOhfo T & L 6s. Nor States Pow 53. 22 Pac T & T 18t bi Puc T & T b3°5: Pan-Amer Pete Phila Co 5%8°38. Bhila Co ref 65 A. Phila& RAC&I5s P Serv Gas 518’59 P Serv Gas b5 "é4. Punta Alegre 7s. .. Rep Ir & Steel bs. Rog Brown Iron 7s. Saks& Cosf7s.... Sharon St1 H 8. 1 Sinclalr Ofl 6s. ....240 Sinclair Ol 7 15 Sin Crude Ol 6s.... 14 Skelly O1l 63, 173 South Bell Tel 55.. 2 - 26 116 100% 911y 854 67% 104% 102% 103% | Int Rap Tr 5s stpd. H" 98% - 101% 101% ! Sales. High. Low. ! So Por Rico Sug 7s. lU Southwest Bell bs. Sug Est Orfent 7 Tenn Elec Pow 6s. Toledo Edn 1st 7s. Union Bag & P 6s.. United Drug 6s. U 8 Rub 1st rf 5s. . U S Rubber 7%s. USSteelsf bs. Utah Pow & Lt §s. Vertlentes Suz 7a.. Va-Car Chem 7 Warner Sug 7s West Elec 5s. Westn Unlon 6%s. Westinghouse 7. Willys-Ov 614533, Wilison & Co 1st Youngstn S& T 26 11 10 Atchlson gen 4 Atlantic C L ol 4 Atlantic C L 1st 4 Orf imp . B& O PLEWYV 4s. B&O Sw Ditv s of: B & O Toledo 4s Bklyn Manhat 6s. . Buff R & Pitt 4358, Canad North 6%s. . Canad North 7s. webeiheaciale Car Clinch & O 68 Car Clinch & O 68 Cent of Ga 6%s. Cent of Ga 6 Central Pacific 4s Cent Pac 1st 5s . Ches & Ocv 4l4s. . Ches & O gn 434s. . Ches & O cv 58 . Chi & Alton 31 ChiB & Qegn 4s ‘58, ChiB&Q1strf5s. Se 2ELLLR8 ChIRT&D e ee. ChiTH&SEGbs... ChiUn Sta 4%s Chi Un Sta bs Chi Unfon Sta &3 Chi Un Sta 6%s. .. Chl& W Ind cn ds.. C&WIbks 4z, |CCC& St L ays. CCC & St L 6= CCC& St Lrf6sA Cleve Term Gs.. ... { Cleve Term bis. .. | C &S 1st 482! Colo & Sou 4%8 Cuba R R 7%e. | Del 1fud ev 5135 Del & Hud 5%s.... Den & Rio G cn 4s.. D&RI0 G imp bs. . D & Rio G Wat 58. Det United 4%s Erle 15t con: Erle gen 4s. | Erte conv Erfe conv 4s B Erie conv 4s D. rie conv ext 7s. ie & Jersey 63. rie (Pajeit tr | ¥1aECos74 105% | Fla W & N 7843 103% Gr Trunk sf db 6s.. Grand Trunk 7s. Great North 53 Great North 514s. Gr North gen 7s. Havana ERL&P '50 Hud & Man ref 5s.. Hud & Man aj 5s. .. 111 Cent ref 55 °55. . 11} C-C St L&NO 53 Int Rap Tran Int Rap Tran 6s. Int Rap Tran 7s. Int & G Nor 1st 63, int & G Nor aj 6s.. Towa Centrfds.... Iowa Cent 1st 5s. Kan City Ft S 4s Kansas City S 3s. KansasCity S 5s... Kan City Term 4s.. Lake Shore 43 °28. . Lehigh Valcn 4s Lehigh Val §s 20¢ ! Louts & N unt 4s Louis & Nash 5% Manhat !Ly cn 48 M StP&S: M StP & SSM 6148, MK&T 1st 4s. |MK&T4sB. M K & T adj 5s. MK&TprinbsA. MK&TE6SC...... Mo Pacific gen 48.. Mo Pac 53 1965.... Mo Pac 6549 D.... Mo Pac 6% 55 Montr]l Tm 1st ! .18 New Or Térm 4s... 10 NOTex&M6sB.. 10 NOT&MGKs....106 N Y Cen gen 3%s.. 10 N Y Cent 4598 N Y Cent 1B NYChi & StL5%s 40 New Hav d 48'57... ew Haven ¢ d N Y Ont W 1stds.. NY Rysadjsset.. N Y Rys 6s 65 N ¥ Stafe Ry 4143 N Y W & Bos 4%8. | Norfolk & W cn 4s. Norfolk & W cv 8s. Northern Pac 3 Northern Pac 4s. ... Northern Pac bs D.. Northern Pacr | 68 Ore & Calif 1st6s.. 1 Ore Short Lref 48 30 Ore-Wash 1strf ¢s. 56 Pennsyl gen 4%8s.. 27 Pennsyl genbs.... 3 Pennsy! 53 139 Pennsyl 8%s...... 35 Pennsy] gold 62 Peorla & E inc 58 Pere Marq 1st 6s... 11 PCC&StLGsA.. 7 Por RL & P 6s'47. 33 Reading gen 4%s. . RIAtk& L 4% St L IM&S 4s°329. St L IM&S R&G 4s. StL&SFplisA. StL&SF prinGs. StL&SF5%sD.. StL&SFad] StL&SF inc 6s...175 StL&SF plés 3 StL8W 1stés. 5 StLSWconds'$s, 7 St P& KCShL 4%s 13 San A& ArnPds.. Seabd A Liref 43 Seabd A L adj bs.. Seabd A L con 6s.. Sou Pacific 45°29.. { Sou Pacific clt 4s.. Sou Paoific ref 4s. . Southern Ry gen 4: Southern Ry st 68 Southern Ry 6s ct. Southern Ry 848. . Third Averef 4s. Tiftrd Ave adj Gs TolStL& W 4s. Union Pao st 4s. Unfon Pac 43 '27 Union Pac cv é: Virginia Ry 1st5s. VaRy & P 15t 6s., Wabash 1st b Wabash 2d 6s. Wabash 5% 376 Western Md 4s. %.| Western Pacific ‘West Shore 1st 4 Wheel & LEcn4s. 6 105% 105% 99% 21 102% 109 96% 1035 8% 106% 105 94% 90 102% T4 5 100% 4 110% 4 106 RAILROABD. 894 102% 974 100% 8814 88l 91% 8815 924 9010 101 102% 102 86% 97 7% 8914 8614 117% 1155 79% 101% 108 101% 0"'(‘ 162% | 1990 1174 [0 5 5 First Ra;il Report Indicates Fine eptember Nel the Associated Press. NEW YORK, October n- othef prosperous month for the raflroads in September is forecast in the eawgings report of the Kan- sas City Southern Railway Co., first to be made public, showing an increase of $93,089 in railway oper- ating income and a gain of $377 914 for the nine months of 1925, compared with the same period last ye: September gross reve- nues Increased $33.466 and nine months $57,62 Ops penses were reduced $3583, nine months. [MOVES ARE MIXED IN GRAIN MARKET December Wheat Higher, But Distant Deliveries Drop. Corn Again Lower. ating ex- 546 in the By the Associated Press. CHICAGO, October 20. characterized wheat prices today du ing the ¢ dealings, December de- livery showing an upward trend, whereas the more distant deliveries were inclined to sag. Diminishing stocks in Chicago were chiefly respon. {sible for the action of December. On the other hand, reports of good weath- er in Canada with threshing resumed in the three prairic_provinces led to selling of May and July. Initial quo- tations, ®a lower to higher, new style, December 1.45 to 1.45% and M 1421 to 14212, were followed by fractional gains all around and then by numerous changes, May and J keeping mostly below vesterd ing figures w h December 4! firm { Ideal conditions for husking eased After opening at December zeneral relative! the corn market decline to % advance, to 75%,. corn underwent a setback | With receipt arting at December 3 | to the initial Provision: | the absence of WHEAT— O] e firm, higher, holding near light. ade o nd later Decernber May LARD— Oct! | TRUMBULL S'i'EEL PLANS | Proceeds of Bond Issues Would Wipe'Out All Present Bank Indebtedness. ociated Press. SLAND. October s the A CLE 20.—Ar: Trumbull Steel Co. on a permanent basis through flotation of an $18,000 (00 loan were completed here at inference between bankers and di .ctors of the comp: approved, the comp < corporate identity as announced. The plan prov $£12,000,000 ed sinking fund 6 per nd 100,000 10-year per_cent lunr'od\ of these issues, Ny ny and control, an offerir together ¥, wiil | ebtedness and | a clean balance sheet and ample working capital,” President Philip Wick declared. ’ ive the company 5| ‘r FLORIDA CROPS SUFFER MPA, Fla.. October 20 (Special) —Florida's citrus crop still is suffer from adverse weather, with the vernment estimate now 600 boxes of o e the same as pefruit crop 00 boxe: October 20 moved irregularly on the Bourse to v. Three per cent rentes 44 francs -entimes. Exchange on London, 3 cvnumcc Five per cent e 20 (‘le!mn& The dollar was quoted at 2| €1 centime: GERMAN hDNDS AND STOCKS. | (Quoted in dollass per million pre-war marks ) Askced. Gor Gt _(w In) 5a 1914-18. 90 g 308 1010 3-5n” (forced Toan . 3 (s B) per 2 francs thousand 18.00 100 800 50 (Quoted or Gen Elec 4335 prew 2. { Gor Gen Flec 41y 1010, Rerlin 4% pre-war e & ds oo A ipe 428 b Je. 60.00 ¥ 24.50 Commerz and Privat Bank Disconto Gellschaft. E Dresdner Ranic. . Denteche Rani 3K 00 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hi ominal Selling alue. today. London, pound. $4.8665 unumax dollar. Paris, fran. Brussels. fran Berlin, mark. Rome. lira Zurich. frane. Athens. drachm Madrid. peseta. Yienna. crown Covenhagen, cro: Christiania, " crown.. Stockholm.” crown. NEW YORK, October 20 (#). elgn exchanges steady. (in ceni demand, 4.01 and: Belglum, 4.56 Germany Holland, 40.16; Nor- 0.62; Sweden, 26.15; Denmark, 5.06; Switzerland, 10.96; Spain, 14.04: Gree«p 1.33; Poland, 16.70; Czecho- slovakia, 1773 Austria, 143 Rumania, 477: Argen tina, 41.25; Brazil, 14.90; Tokio, 41%: Shanghai, 79%; Montreal. 100 5-32, CALL MONEY LOWER. W YORK, Octuber 20 (/) money easler; high, 41:; low. 4: rul closinit bid, 4; offered it last loan, 4; cali loans against ac- ceptances, 4. Time ioans firm; mixed collateral, _60-90 days, 4%ab: 46 months. ~ 4%a5; prime mercantile paper, 41;. “all i for the i i rangements for the refinancing of the | If the plan | will retain | UP).—Prices | ol he preferred stock 1400 | BANKERSDISCUSS - *TIELY ROBLEWS [Members Are Acquainted With Small Account Situa- tion and Combative Means. BY CHAS. P. The f SHAEF t busines tire ®local lankers its” reorganization last J lquarters, in the it the session it quickl into a_discussion of wavs 1 to combat the ANCOrous { unprofitable banking ite jor part of the lencth devoted to this subjec The lead this taken by John Puol ‘ederal American chairman of the ux le businest { committee of the ban 3 Loffered the results « | study of the local s Ly his commitie Mr. Poole’s st the act th £ 22 local insti Masonic i characte, rese and 1 discussion . president in vd € the Che high It dtsclosure sti tions which co operated with him in his compilatior | showed that 35.656 accounts out of gross total of 74,840 had an average | Batance of but $29.55 ng Irregularity | | New Move Considered. Mr. Poole the furthe | formration th in other cf | the country followed the policy | of exacting > of s per item on checks d on account of i sufficie nd that the plan work atisfactory mannes After on, this plan was re ferred to a committee for analysis and recommendation later to the as sociation. Francis G association, months ago charge, but | 1hat time concerted action doctrine zeneral Add w as stated he emphatics wuld never institution in count that returns ctually Ineurs o me | emphasis ek evid whi Addison » importance ¢ operatin secretar FOR $18,000,000 LOAN e to this fi He N. Harper ons relevant convention. v introd jresent +t who ! Trading on Local Board. | Stock of t shington Gas Li - Jint ir vesterd The opening nchanged on transactiol invol ing 30 but declined 1 i ing The rer Smanl sales £old debentures. | ught $7 Will Expand Iu‘nulh market and in the fand Philadelphia v ain an | vell as stock | The new placed at | altimore, W Kunsas exc lines Francisco will with distribu Francise nd Dallas. s s from New con will Big The Ir jon toc ‘en Hn new tion ork to New O» “harlotte and Atk ock Issue Approved. tate Commerce Com authorized the 1 Railroad to issue §14 2 preferred stock and a ik amount of common, the proceeds of 4 e used in arrier’s terminal ele tensions in Chicago under the co: ertible into 30 financing the trification and e: The preferred stock poration's charter, is con | commor 1t the desire of the | owner. wence, the railroad s obliged to obtain authorization | maintain_twice much_ stock actually puts ou Another Issue Granted. cont pire Lack City amd 1. The.l s per 2 previous onder of the sommigsion to carry through the p chase of the Jonesboro road and nsas Railw Bauipme fary of Jone: per rpose of | for T Jonesbor sta the risco W ol the shoro {ine. a su | CHICAGO LIVE STOCK MARKET i CHICAC (United States | Departmen re).— Hogs | Receipts. 26 10 to 2 Hower th mostly 110 to 15 show full Vdectine: doing little; bulk ood 160 to 300 welght, 11 0; bulk desh to 15 pound S packing sows pound killing pi hogs, 11.30a11. light, 11 acking sow 000 hiead : medium, light light,- 11.00a 12,000 head; Deet gér suprl of weight strong; ! sers: top - : bulkfed fully bo veal to strong steers slow, steady’ lesirable fod stee iittle done on Western g 326-pound { offerings, 9. {steady with 3 bulls strong 1o 15 higher 2,00 heep — Receints ~.1w\\ few < her at 1d lot i lambs strong to unevenly higher; demand broad: early bulk. 15.50a15.90; fou {decks full mouth-breeding ewes, 9.50 1.0 tive fat na ewes, sheep 6.50: NEW EQUIPMENT ORDERED NEW YORK, October 20 (). — Néw equipment costing $2.375.000 has been ordered by the Tilinois Central. 1.0b0 40-fon 1o cars being divided equally 61 American €ar & JFoundrs and the Puilman Co. 4.40a10.35; slaugh: =