Evening Star Newspaper, November 6, 1925, Page 28

~og WALL STREET LIST IS AGAIN HIGHER Prices Forge Upward in Face of Very Heavy Selling During Day. »® FTINANCIAL. FINANCIAL. BONDS DO BETTER | TELEPHONE INCOME INMARKET TODAY | SHOWS GOOD GAINS Yesterday’s Improvement|Bell System’s Net for Sep- tember Totals $3,159,073. Goes Further—New Peru Issue Is Quickly Taken. Railway Common at 200. THE EVENING STAR, WASHINGTON, D. ¢, FRIDAY, NOVEMBER 6, 1925. NEW YORK STOCK EXCHANGE s el [Cowvew vorx BN srock excaance] 48'% 48% Received by Private Wire Di.ect to The Star Office Received by Private Wire Direct to The Star Office, 183% 133% 55% 56% UNITED STATES. (Sales are in $1.000.) 101 101 46% 46% Sales. High. Low. 9922 9915 29 30 2% 72% 101 30 101 28 1001 1001 Owens B pf (7).. 115 Pac Cst 2d pf(1) 484 Pacific Gas (8).. 135 Paclfic Of1 (8) 56% Pac T & T pf(6). 101 Packard Mot(2). 46% Paige Mot (1.40) 30% Pan-Amer ().... 2% Pan Amer B (6). 73% Pan Am Wn Pet. 42% Pathe Ex A (c6). 84 Penick & Ford.. 18 PennC & Cke... 18% Pennsy R R 50% Penn-Seab Steel. 2% Peoples Gas (8). Pere Mar pf (5). PhlaCo (4).... Phla Co pf (3) Phila& RC&I. 115 484 185 56% 101 464 Oven. High. Low. Close. | 105 105 105 105 | Emmerson Brat. 19% 19% 19% _19% | Emmerson B pf. 8% 9 8% End John (6). 108% 110% ErfeRR....... 120 12w 11 Erte 1stpf...... Ttk Eureka Vacuum. 131 131 131 e 107% 111 107% Faoke/dcn 120% 120% 120% | Famouspt (8) % 92 8% Federal Lt *1.40. 21% 2Th Fed L & T pf (8) 778 3% Federal Mine 3% Sales. High. Low. Close. 3 85 85 85 78 116 116 116 1106 106 106 69 Oven. High. Low. Close. 4 4% 4 % 22% 23 224k 23 7% 1% Ti% T1% 85% 385% 85 8b6% 4lh 41% 40% 40% B0% 61 50% 61 61 B51% 50% 61 108% 109% 108% 109 112% 112% 112% 112% 28% 2R 28% 28% 83k 83% 834 53 63 60 Sin Pipe Line bs. .. Skelly Ol 8%s. ... So Por Rico Sug 7s. Southwest Bell 6s. Tenn Elec Pow 6 Toledo Edn 1st 7. Union Bag & P United Drug U 8 Rub 1st rf Adams Exp (8).. Adv Rumley. Ahumada (t1) Alr Reductn (15). Ajax Rubber. Alaska Juneau All Am Cable(7 Allled Chem (4). Allled Cm p£(7). Allis Chalm (8). Am Agricul Chm Am Ag Chm pf.. Am Beet Sug(4). Close. 99 22 101 30 100 1 8% 424 B3 S 100 99% 100% e Lib 2d s.. 28 1024 1025 1024 i Lib2d 4%m. 177 100 25 100 20 100 25 2 109% 109 109% L Lib3d 4%s 175 101 10028 100 80 19 108% 102% 108 19 Lib4th 4% 164 1028 1024 1028 2 104 104 104 L% US4s1944. 5103 18 103 g(n) l:«m 1:2 lggu i US4Ks'62 79 10710 107 1071 A 5% FOREIGHN. 19 104% 104 104 i 384 Sales. High. Low. Close. | Vertientes Sug 7 1 81% 87% 87T% BY STUART P. WEST. Bpecial Dispatch to The Star. NEW YORK, November 6—The main movement in the share list to- day was upward, but there were enough stocks which reacted, especial- Iy in the railway section, to give the market an irregular appearance. The copper and smelting stocks, a few of the rubber and tire shares and the electric issues were leaders on the slde of advance. On the other hand, the weakness in the low-priced rails Was a feature. Further New High Marks. The usual number of stocks made new highs. Among these were United States F and Goodrich in their groups, Sme! Ana- tobaccos, e. | Stores and C Schu n there were Brunswi bmbus: spiit-up wece Westinghouse Electric a Chalmers w drawn al ¢ The or shares we again, but it was evident, part, they were no fluenced by the course tors. This stoc P to a new greater of the Hu 4nd St ane st recent The m) which roup at a tim ong with the high rec ards for United States Rubber and Goodrich, Fisk Rubber was very ac tve around its high figurs Steel Common Rallies. United States Steel common rallied after the market had absorbed a lot of stock between 132 and 133. Youngs- town Sheet and Tube encountered buy ing after dropping off nearly 2 point In the railway section there was heavy selling for a time in some of the low priced issues like Missouri- Kansas-Texas and Wabash, both of *h were down a point and a half. Atlantic Coast Line resumed its ad- vance with further discussion of extra dividend prospects. MARKET CLOSES STRONG. U. 8. Steel Carries Rest of Stock Up in Last Hour. NEW YORK, November 6 (P).— The closing was strong. Bullish enthusiasm was quickened in the final dealings when a fresh influx of buyving orders followed the rise in United States Steel to 136%, a new high record for all time. Gen- eral Moters pushed forward to 1493, while United States Cast Iron Pipe spared 10 points and Federal Mining 1. After its spectacular flight to 270 Dupont reacted to 258 under a w of profit-taking. Sales approxi- 00 shares. enthusiasm the drastic by the was created cuts in taxes House ways and earlier propo: by ] anding trade operations, stiffening ig-iron prices and rumors of increased and extra dividends. Motors received less speculative attention, although General Motors was run up to around 148 on reports that the expected extra dividend may be as high as $5 a share. which would make a total extra dis ribution of over $2,500,000. Dupont, which owns a large block of General| Motors stock, soared 22 points to a| new high record at 270 _Other high-priced industrial iss also developed extreme buoyancy, ticularly General Electric, 1 States Cast Iron Pipe, Coca Cola and Brooklyn Edison, which were run up & to 10 points. Coppers reflected the improved demand for the red metal #nd the prospect of an early resump- tion of dividends by the Anaconda Co. Oils gathered strength as trading pro. gressed, and the rails also displayed # firm undertone, Markets at a Glance NEW YORK &, Steel at record Honds, irregular vv. Forelgn ach franc dy tocks, strong: high for all tin forei is exchanges, mi rallies. Cotton, b Southern 1ling. steady mmission house Coffee, higher: trade buy {CHICAGO—Wheat, easy varable weather. Corn, ba large country offering: steady. Hogs, easier; all buyin FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks old value. rely | Sugar, | buying. interests London. pound. . fontreal. doliar Paris. franc. ... els. {ranc erlin, mark. . .. ome. lira Zarich. franc drachma.’. i 1432 000014 00014 openhagen. cf ‘hristiania, crown. toekholm. crown NEW YORK, November 6 (#).— Forelgn exchanges irregular. Quota- tions in cents: Great Britain, demand, 484%; cables, 484 13-16; 60-day bills on banks, 480%. France, demand, 3. cables, 3.97%. Italy, demand, 3.94; tables, 3.94%. Demand—Belgium, 23.80; Holland, 40.19; Sweden, 26.73; Den- Switzerland, 19.2 S: 14.30; © Greece, 1.3 Poland, 1 Crechoslovakia, 2.96; Jugoslavia, | 1.77%; Austria, 1415; Rumania, 47%; Argentina, 41.55; Brazil, o 421, ; Shanghai, 77%: Montreal, 1.¢J. i mark, 24.8 WEEKLY COTTON REPORT. LIVERPOOL, November 6 (#).— Weekly cotton statistics: Total for- warded to mills, 71,000 bales, of which American, 51,000; stock, 557,000; Am Bosch. ..... Am Brk Shoe5) Am Br Boverl.. . Am Brown Bo pf. Am Can (17). Am Can pf (7 Am Car&Fdy (8) AmC&Fp? (7). Am Chain A (2). Am Chic Am Chic! Am Drug.... Am Express (8). Am & For Pow. . Am & F P pf (7) Am Hide & Lea. . Am Hide & L pf Am Tce (8). ... Am Ice pf (6) Am Internatl. .. Am La Fran (1). Am Linseed. ... Linsd pf (1) Loco (t18) .. Metal (4). Radiator (1) Ry Exp (6) Safety R (3) n Ship&Com. . m&Ref (7) Sugar Sugar pf (7) Sumatra. ... Tel&Ca nTe WWaE 1.20 WW 1st (7) Whol pt Waolen | Am Wool of (1) Am Writ Pap pt Ain Zine. Y0 | Am Zine pr. Anaconda (3) Ann Arbor pf... Archer-Dantels | ArmourDel pt( Armour.Ill A (2 Armour,Ill (B Armour.Ill pf(7 | Arn Cons&Co. | Arnota Con et f| Art Metal (1). Asso Dry Gi23) Ass0 D G 1st(6) . | Aemo0 011 (2). Atchison (7). Atchison pf (5). | At Birm & At. At) Coast L (18) AGUIf& WI.. At] Gulf & WIpt Atlantlc Refing. Atlas Powdr (4). Atlas Tack. . Austin-Nichols. Raldwin L (7). Bald Loco pf (7). Balto & Ohio(5) Bal & Oh pf (4). Bang & Ar (3).. Bang & Ar pf(7) Barnet Leather BarnsdallA (50c) BarnsdallB(50c). Bayuk 1st pf (7) Beech-Nut (13). Belding Bros(3) Bethiehem Sti. Beth Stl pf (7) Booth Fisher! Booth Fish 1st Botany A (4)... Briggs Mg (1%) British Empire. . British Emp 1st. Bk! Edison (8).. Bkl Edison rts. . Bkl-Man Tran.. Bkl Unior G(4). Brown Sboe (4). Brunswick-Balk Brunswiak T Burns Br B (2) Bur Add Ma (3). Bush Terminal.. Bush Ter de (7). Butte Cop (50¢) . Butte&Super(2). Butterick. . Byer & Co. Cal Packing (8). 1 Pemt (2).. uhan Zinc umet & Ar ( Calumet & H (1) Can Pacific (10). Case Threshing Cent Leather. Cent Leather pf. Century Rib (2). Cerro d Pasco(4) Certain-Teed (4) Certain-T 15t(7) Chandier (3).... Chees&Ohio (4). Ches&O pf(6%). Chi & Alton pf.. Chi Great West. Chi Gr West pt.. Chi M1l & StP... Chi M1l & StP pf C,MI&SLP pf cfs Chi & Nwn (4).. Chi & Nw pf (T). Chi Pneu T (5). ChiRI& Pac... CRI&Ppf (6). CRI&PDf (D). Chi Yellow C (4) Childs (32.40) ... Chile Cop (2%). Chino Copper-. .. Chrysler Corpn. Chrysler pf A(8) Cluett Peab (3). Coca-Cola (7)... Col Fuel & Iron. Colo Southern. .. Col G & E (2.60). ColG & E pf (7). Col Carbon (4).. Coml Cred (134) Com Inv (2.50).. Com In Tr pf(7). Com Solv A (4). Congoleum (2).. Consol Cigar.... Con Cigrs pf (7). Consol Distribut Consol Gas (6).. Consol Textlla.. Cont Can (4) Cont Insur (6).. Cont Mot (80c). Corn Prod (3)... Corn Prod pf(7). Coty, Inc (3.80).. Crex Carpet (4) . Crucible Stl (4). Cuban Cane Su. . Cub Cane Su pf. Cuba Co (4).. Cuban-Am 8 (2). Cuban Am p£(7). Cuban Domin. .. Cuban Dom pf.. Cushman’s (3).. Cuyamal Fr (4). Davison Chem. . De Beers (1.92). Del & Hud (9).. Del L & Wn (17) DRG Wat pf... Detrott Ed (8).. Devoe & Re Acfs Dodge Kros Cl A Uodge pf (7).... Dome Mlnes (2). Doug Pectia (1). Dupont (19).... DuFont deb (6). Dugquesne pf (7) Durham Hose. .. Durham H pf(7) Sastman (18)... Eaton Axle. ... Klec Powr & Lt. EP&L pf 40% (7) EIP&Lpf (7).. American, 269,000; fmports, 113,000 American, 92.000; exports, 2,000 American, 2,000, I ec Str Bat (4). Bik Horn. . 34% 134 50 95 258% 120% 111% 58t 101% 121% Y5 b% 218t 63 54% 103 54 15% 31% 125% 114% 84ls €6 b4 98 50 139% 137% 40% 144% 56 45% 87% 15% 19% 260% 101% 111% 19% 65 114% 28% 33 107% 92 4% 144 344 " 133% 20% 5919 101% 5% 221% 647a 5414 103 57 164% 31% 127 114% 72 37% 60% 100% % 50 45% 30% 3% 32% 156% 11% 60% 100% 144 101% 4T% 41% 21 139% 139% 40% 145% 56 45% 88% 16 19% 270 101% 111% 21% 65% 114% 28% 33% 107% 92 5% 11% 5014 95 267% 120% 111% 125 48% 100% % 50 45% 20 3% 324 149% 10% 80 974 139 34 11% 83%, 94 18 85t ™ 121 23 86% 128 29 24 56 204 4% 404% 27 139% 137 40% 143% 55 45 87% 16% 19% 250% 101% 111% 19% 65 13% 27% 32% 107% 92 74 14% 127% 12% 87 122% 58ty 56 831 915 43% | 50% 284% 94w 3 21 101% 4T% 1% 27 13914 139 40% 143% 55% 45 88y 16 19% 268 101% 111% 21% $o4 113% 28 82% 107% 92 74% Fed Min pf (7). Fid Phoenix (6). Fisher Body (6). Fisk Rubber. ... Fisk R 18t pt (7) Flelschmann (15 Foundation (8). Foundation rts. . Fox Film A (4). Frank-Si pf (7 Freeport-Texas. Gabriel A (23%). Gardner Motor. Gen Am Tnk (3) Gen Asphalt. ... Gen Baking (6). Gen Bakg pf (8). Sen Clgar (8). .. Gen Electric (8) Gen El spec 60 Gen. Motors (17) Gen Mot pf (7).. Gen Outdr Adv. . Gen Outdr A(4) . Gen Petrm (2). Gen Ry Sig (w 1) Gimbel Bros Ginter (1% joodrich Ru (4). Goodrich pf (7). Goodyear pf (T) Goodyr pr pf (8) Gould Coupa inby Consol. . Grt North pf (5 Gt Nor Ore (1).. Frt Wstn Su (8) Gt West S pf(7 Green Canan Guantanamo. .. Sulf Mo & Nor fStates S (5) { Hanna 1stpef.. .. Hartman (23%). Havan: c (8) Hayes Whi 131 . Hoe & Co A (4).. Homestake (14) . Household P (3) Houston Ofl...... Howe Sound (2). Howe Sound rts. Hudson Mn (25 Hudson Mot (3). Hupp Mot (1).. Mlinots Cen (7). iMinolc Cent rts 111 Cent pt (6).. 'ndep O1l (1) .. | Tnd Motrey (50¢) ndfan Refining. Indlan Refg ctfs. Inlund St (2%). Inspiratior (2).. Interub Rap Tr. Internat Agri. Int Bus Mac (8). Int Cement (4).. int Com Eng (2 Tnternat Har (8) Inter Har pf (7). Int Mer Marine. . Int Mer Mar of. . Int Nickel (3).. Int Tel & Tel (6) Intertype (11%) Jones Bros Tea. Zoraan Mot (3). KCP &L 1st (7). Kan City South Kayser J (3).... Kayser (J) pf(8) I{elly-Spring. . Kelly-Spring 1st Kelly-Spring pf. Kelsey Whi (6). Kennecott (3)... Keystone T & R. Kinney G R (4). Kupenhm pf(7). Lee Tre & Rub. . Lehigh Val (3%) Lehn & Fink ctfs Liggett & M (t4) Lig & My B (14). Lig & My pf (7). Lima Loco (4) Loews nc (2)... Long Bell A (4). Loose-Wiles. T.ortilard (3) Lorit'ard pf (7). Loulsiana Ofl. . . Louls Gas A 1.76 Louls & Nsh (8). Ludlum (2)..... McCrory B $b.60. McIntyre P (1).. Mack Trucks (6) Mack Trks 1st pd Mack Trk 2d pf. Macy HR & Co. . Magma Cop_(3). Mallison & Co. Man El Sup(4%) Man E md g (5). Man Shirt (1%). Man Shirt p£(7). Manila E1 (2%). Maracatbo Ofl... Market St prior. Market St 2d pf. Market St pf.. Marland Ofl (1% Malin Rock (1).. Martin-Parry (2) Mathieson Alka. May Dept St (5). Maytag (50¢). Metro G pf (1.89) Mexican Seabd Mtiami Cop (1) Mid-Continnet. o States. Min St P & SSM. M St P & SSM pf. Mis Kan & Tex Mo, K & T pf (5) Missourt Pacific. Missour! Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3). Mother Lode 75¢. Motor Met (3.6n) Motor Wheel (2) Mullins Body. .. Munsingwr (3).. Murray o §2.40). Nash Mot (116). Nash pf (7) Nat Acme (sta). Nat Biscuit (+4). at Cloak (4)... at Cloak pf (7) at Dairy (3)... at Dpt Stores Nat Distilie Nat Enamel & S. at Enam pf (7) at Lead (8).... Nat Lead pf (7). Nat Supply (3).. Nevada Copper. . NY Air Brake(2) NYAIrBra (4 N Y Canners (2). N ¥ Central (7). NYC&StLP(6). N ¥ Dock. . N Y Dock pf (5). NYNH & Hart. N Y On&Wn (1). N 'Y Shipbld (2) Norfk & Wn (18) North A (B3.40). North Am pt (3) North Pac (5)... Norwalk (1.60) Nunnally (1).... Ontario Mining. Onyx Hoslery . Onyx Hos pf (7). Oppenheim (3) Orpheum (1.30). Orpheum pf (8). <tis Elevator(8) Otis StSeel. Outlet Co. Outiet Co pf (7). 87% 172 122 26% 109 142 167% 4% 84 106 20% 374 10% 66% B8Y 240 125 105% 824% 11 145 113% 307, 100% 13 1 B l‘l 3 15% 5% 32 9345 [ 4 PE 484 434 7045 30 35 284% 173 73% 5T% 130 120% 104 40 397 61% 30 118 26% 17% 62 1063 39% 36 100 18% 65 65% 12 58% 24 91 100 16 81 41 5% To% 120% 69 424 8 49% 124 237 133 504 126 20% 234 230 105% 107 45% 24 51t 45% 304 116% 38 234 45% 16 25 56 30% 22% 85 127 24 2244 47 77 39% 84% 34% 8lia 85% 80% 39% 7% 42 824 17% 341 26% 455 106% 9% 72 76% 101% 80 87 163 116% 87 14% 38 54k 67% 126% 95 38 67% 38 264 T1% 139% T1% 495 71 17% 16% 11 30% 102 134 12% 54% 98% ll'ai Owens Bot (3).. 65% 88% 172 124% 28% 110 148 168 30% 102 134 13 54% 98% s Mid St Pr pf +10. 186% 136% 135 46 77 384 84 23% 81 84% 9% 38% % 42 3% 17% 344 26% 455 106% 9% 1% 764 101% 79'% 42 961 17 16% 11 37 95 4644 30% 102 134 12% 54 98% 65% 86 172 123% 281 109% 143 168 4 83% 106 22 3TH 10 5614 HBYy 240 125 11 37 95 46% 30% 102 184 13 B4% 8% 65% | Timken (t4) Philps Jones (2) Philip Morris. . . Phillips Pet (2). Plerce-Arrow. . . Plerce-Arrow pf. Pierce Oll...... Plerce Ofl pf. Plerce Petrol. .. Pitts Coal...... Pitts Stipt (7).. Pitts Term Coal. Pitts Ter pf O).. Pitts Ut pf 11.20 Pitts & West V. Postum Cer (4). Press Steel Car. . Pub Ser NJ(5).. Pullman Co (8) . Punta Aleg Sug. Pure Oil (1%).. Pure Oil pf (8).. Radio Corp of A. Radlo C pf (3%) Ry Stl Spg (8).. Ray Cons Cop... Reading (4) Reading rts. Reading 2d (2).. Reld Iem Cm (3) Robt Rels & Co. . Remington Type Replogle Steel... Rep It & Steel . Rep 1 & S pf (7). Reynolds Sprngs ey Tob B (3).. Rossia Ins (6).. RDNYal7s%. St Josepn L(13). StL & SanFr((7) St L Southwest StL Swn pf (5). 1754 | 108 17% | 587 | 1% 9274 | Schulte (§8) Schulte pf (8) Seabourd Air L. bd Afr Lopf.. zrave (1.20) Sears-Rebk (6). Shattuck-Arlz. . Shattuck F G(2) Shell Trans 2.16. 43 | She'l Tin (1.40). Shell Un pf (6).. Simmons Co (2). 5 | Simmons pf (7) % % | Simms Pet (1).. | Sinclatr Ofl. Skelly Ol (2)... Sioss-Sheft (8) 5% South Port S (6) o g0% | South Pac (6) Southern Ry (5) South Ry pf (5). Spicer Mfg. ... Std Gas & E1(3). Stand Mill (6).. St Ofl Calif (2).. StOfINJI (1)... St 01l N J pf (7) St Plate Glass. Sterling Prod(4) StewartWar(16) o bare (8) Studebaker (16). Submarine Boat Superior O11 L 2 Superior Stee 2 Sweets (uew) 15% Symington. . 16% Symington A(2) 22 Telautogph (%) 14% Tenn Copper (1) 13% Texas Co (3)..., 51 Tex Gulf Sul (8) 17! Tex & Pacific. 494 The Fair (2.40) 34 Third Avenue... 12% Tide Water (1). 83 Tide W O1l pt(5). 7% | 81 74% | 814 | 66 2 | % 9 | 1057 | 3% Tobac Prod (8).. Tob Prod A (7). Transcont Oll... Underwood (3).. Un Bag & Paper. Union O1l (1.80). 'n Pacific (10).. Un Pacific pf (4) Un Tank Car(5) Utd Alloy Steel.. 30% = 30% UtdCigar(*3%). 109 i Utd Dyewood. . . 3 3 ! United Drug (7) V 5 UtdDrug 1st 3% . 4 55% | Utd Ry Inves pf. U S Cast Iron P. USCIPpL (D). U S Distributing U.S.Hoffman (3) nd Alcohol. S Realty (10). S Rubber..... 83 g S Rub 1st (8). 6 | S Smelting(3). SSmpf 3%). U'S Steel (17)... TS Steelpf (7). Uni Pic 1st pt(8) 97 | Universal Pips.. Univer P pf (7). Utah Copper (4. Ut1l P&L A (3).. Vanxdium (2).. Van Raalte..... | Va-Caro Chem. . % | Va Caro Chem B. 17 | Va-Caro Ch ctfs. 7% Va-CarCh pf cfs. va Ry & Power. Vivaudou - Wabash. Wabash pf A (5) Wabash pf B. waldorf (1%).. ward Baking B Warner A (1%). Warren Bros(4). Washburn pf(7) Weber (4) 1034 42% | 474 | U U [3] U U u Western Pacifio. . West Pac pf (6). West Union (7). West Afr Br (6). Westinghs (4).. Weston Elec. ... Weston A (2). Wheel & L Erle. Wheel & L K pf. White Eagle (2). White Mot (4).. White Rock (12) Wickwire ctfs. Willys-Overld Willys-0d p£(7). Woolworth (3).. Worthn Pump. Wright Aero(1). wrigley (13%) Yale & Towne. Yellow C (2.62). Youngstown (4). Dividend rate: the annual fatest auarterly o 1254 G 164 26% 23% 4674 26% 94% 3T% 3 31% 113% 207% 44 29% 656 65 82 88% in the above tapl h payments based on the half yearly declaration ‘niess otherwise noted. extra or special divs ends are not included. a Paid this year. no regular rate. optional in_etock. *Partly stock. exira. tPayable in vreferred siock. % ia siock pavable 17 auarier! in stock pavable 13 % uarterly. o DAIRY PRODUCTS. BALTIMORE, Md., November 6 (Special).—Live poultry—Spring chick- ens, Ib., 20a27; Leghorns, 20a24; Minorcas, 20a22; old hens, 20a27; Leg- horns, 17al8; roosters, 16; ducks, 20a 26; geese, 23a28; young turkeys, 38a 30: old turkeys, 35a38; pigeons, pair, 26a30; guinea fowls, each, 70a80. Butter—Good to fancy creamery, Ib., 48a52; prints, 53a54; ladles, 4da 46; store-packed, 41; dairy prints, 41a 43; process butter, 47; rolls, 41a43. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) b or tPartly 1Plus ©Plus 03 Dec, 15, 1927240 Argentine 6s. . Argen 65 Ju '59 Argen 6s Oct '59. Arcentine &= A Argentine 6s B Argentine 7s. . Australian 58 Austria 7a Bank of Ch Bunk of Japan Releium 6s.. .. Belgium 6145 Relgtum 7s. . Reletum 7148 Belgium 8s. , Berne 85 olivia 83 Canada 5a 1028 Canada 5s 1931 Canada fe 1952 Canada 5141929 Chile Rs 1926, hile 8 1041, | chiase 1048 ] Chinese Gov Ry | Christiania ge Con Pow Japan 7s. Conenhacen 5ige I = ~racho Ra 1951, . Czecho 881952 ¢t . | Menmark g DET5%s Nov | Frait 6e . | Holana Amer 6s Hunearv 6148, Tapanese 4s Tapanesa 6148, Tarzens U7 M 65 "47 Tvons R \arseille L9 45 18 9 4 48 4 o2l 15 . 38 87 96% 96% 96% 96% 1024 97% 100% 96% 87 9614 96% 964% 964 102 974 100% 96 99% B6% 9344 96% 109 107% 108% 9814 8414 87% 101% 4 100% 109% 51 110% 90% 99 10214 5 101% Mexico 45 °10 asntd 5 Mexico 5 assented Montevideo Ts. . Netheriards 6s ‘54 Nord 61 v 5% wav As 1044 Orfent Dev deb 88 Parts-Ty's-Med €8 Paris-Ly'a-3ed T8 Parts Orleans 7s Peru fs Poland 8 Porto Alegre 8s. Pragie T4%s. Queensland 6s. . Queensland 7s.. Rio de Jan 8s 1946, Rio de Jan 8s 1947 Rio Gr Do Sul 8s.. Sao Pautc City 8s.. Sao Pauln State 8s. Saxon P W T Seine Nent cf Serbs Crot Slo Sofssons 6: Sweden 5% s ct Swiss 51 1946. Tokio 58 o Swiss Confed fs... Ud Kingm 5% "29.. Ud Kingm 5%s"37. Uruguay 8s 2 Zurich 8s. ... & 47 6 31 7 4 1014 103% 10714 1021 10014 109% n0Y% 110% 904 9314 1024 101 101 109% 1024 10 1024 §7% so% 101% 870 1010 6 aft &34 97 31 aon 0% 841 % 0% 103% Rity 95% % 100% 86 7% 85 i 101% 894% a9 944 105 12 9% a4 9T% 101% 104 9t 8 914 854 162 103 67% 17 117% 105% 1104% 103% MISCELLANEOUS. Ajax Rubber 8s. Am Acr Chem 7%s Am Cotton Oll 5s. . Am Repub deb 6s. . Am Smit & R 1st 53 Am Sngref6s..... AmT& Tecltrés.. AmT&Tecl trba.. AmT&Tst5s AmT & T deb 6%4s. Am Water Wks 58. Am Writ Paper 6s. Anaconda 1st 63 33 10 10 53 64 4 18 66 Anaconda cv db 7. 191 Andes Cop 7s rets. | Armour & Co 4%s. Armour Del 5%s Atlantic Refin 55 Barnesdail s f 83 Bell Tel Pa 5s C. | Beth Steel pm 6s. | Beth Steel rf bs | Beth Steel 5%s Beth Steel s f 6! Bkiyn Ed gen bs. Bklyn Ed 6s B. Brooklyn Union 5s. Bush T Bldg 55 '60. Calif Pete 6%s. .. Cen Leth 65 °45 c! Chile Copper 6s. Col Gas & El 5s.... Col Gas & El 58 sta Con Coal Md 1st 5. Con Gas NY 5%s.. Consumers Pow 3. Cuba Canecv 7s... Cuba Canecv d 8s. Denver Gas 5s. Dery (D G) 7s. Dodge wi Dug L& P 5%s"49. Dugquesne Light Est Cuba Sug 7%s. Empire G & F T%s. Fisk Rubber 8S.... Goodrich 6%S..... Goodyear 83 1931.. Goodyear 53 1941.. Hershey 5%8...... Hoe & C0 6%S. ... Humble O & R 5%s 1liinols Bell 1st 6s. Illinois Steel 4% Indiana Steel 5s. .. Int Mer Marine o, Int Paper 6547 Inter Paper 68..... Inter T & T 5%S. .. KCP&Lt5sA'S3 Kan G & El &5 '63. Kelly-Spring 8 Lacl G ref 58'34... Laclede G 5%s'62. Liggett & Myers bs Lorillard (P) 68s... Loutsv G & E 63’62 Manatl Sug sf T%s Mid-Con 6%3'40... Midvale Steel & Montana Pow &s... Mor's & Co 13t 4%8 New Eng Tel 5 N Y Edison 58 "44.. N Y Edison 6%s... NYGELH&P 4s. NY Tel 4% N Y Tel 68 '41. N Y Tel 6549 North Am Ed North Am Ed 6 Nor Ohio T& L 6 Nor States Pow bs. Nor States Pow 6s. Otls Steel 7%8. Pacific Gas & El 6s. Pac T & T 68'62... Pan-Amer Pete Peoples Gas 5s Phila Co 5% S Phila Coref 65 A. . Phila& RAC& 163 Pierce-Arrow 8s. .. P Serv Gas 5%s ‘69 P Serv Gas 5% ‘64. Public Service 6s. . Punta Alegre 75. Remingtn Arms Rep Ir & Steel 5s. Rog Brown Iron 7s Sinelair O1l 6s. ... Stnclair O1l 63| 16 24 24 - 53 2BRocndBuacanBani a2 63 11 4 > 17 3 1 10 8 21 08 2 103 104 97 97 983 102 97l 101 103 108% 27 97 98 101% 105% 100% 9% 96 £8% 95 101% 4 104% 101 97% 104 1007% 109% 100% 4 1004 82% 103% 97 105% 1101 120% 99% 1024 101% 100 943 87 98% 96% 96% 964 1024 978 100% 96% 109 86% 94 96% 109% 107% 108% 99 R4% /8 102 1004 102% 109% 109% 50% 110% 0% 98% 102 101% 1013 1077% 102% 10314 103% AT% o8 woK 9Tw 101% 83 102 a6 5 97 £y 93 9% “4t 4% 26% 40% a7 10274 Rl 96k 10014 /6t 6% R54% R4y 101% 89% 99 048 106 12 98 97T% 974 101% 104% 944 88 9% 854 1024 103% 674 17 117% 105 110% 108% 103 103% 97 97 98% 102 97% 1054 100% 94 96 884 25% 101% 104% 101% 97% 104 100% 110 100 100% 823 103% 106 1104 120% 100 102 101% 100 9414 103% 1031 85% 3% 96% 4 107% 9% 101% 105 93% 100 100 100% 9% 97 97% % 100% 92 100 84% 100% 101 114% 83% 9T% 106% 1101, 102% 104 98% 97% 1064 100% 864 98 109 975% 98 1044 100% 107% 103% 103y 9945 103% 87 96% 734% 105% 86% 9244 100% 5% 984 98 101% 9974 102 105 9344 100% 100 101 9% 97 98 101% 92% 1004 84% 101 101% 114% 88% 97% 1067% 110% 102% 1041 94% 97h 1056% 100% 96% 984 109 97% 98 104% 1004 107% 103y 103% 99% 103% 87 96% 6 108 87 82% 100% Warner Sug 7s 4 Willys-Ov 6%s33. Wilson & Co 1st YoungstnS& T 7 17 (] 17 8 8 252 93 100% 111% 106% 102% 98% 10 RAILROAD. Ann Arbor 4s e Atchison ad) Atchtson gen Atlantic CLecl 4s.. Atiantic C L 1st 48. AtlanCL 4%s Atlantic CL 78 1 4 38 29 O Sw Div bs ofs 195 Rklyn Manhat Buff R & Pitt 4}4s. Can Nat 415 30.. . Canad North 63 Canad North 7s Cent of Ga 6s. Canad Pac deb 4s. Central Pacific Cent Pac 1st 68 Ches&Ocv 4% Ches & O gn 43%4s. . Ches & O cv b8 Chi & Alton 3%8 Chi& E1gn6s Chi Great West 4s. C M & Puget 84 4 CM&StP4s'25.. CM&StPdbds, M & StP gn 45 ‘89 CM&StPev 4%s. CM&StPgni%s CM&StPrf4%s. CM&StPevbs... CM&StPés Chi& N W 6%4s. Chi&NW 178 n1 Rys 68. ChiRI& ChiRT ChiTH Chi& W AS CCC&StLrf & Cleve Term b Colo & Sou 4% Cuba RRT%e.. Del & Hd Istrf 4s. Del & Hud 5%s. Den & Rio G cn 4 D & Rio G imp b D & Rio G Wat rie 18t cons 4 Frie gen 48 Frie conv 48 D. Erie & Jersey 6s. .. Erie (Pa)elt tr 4s. Fla EC58'74 Gr Trunk sf dl @rand Trunk Great North 5s. Great North 5% Gr North gen 7 G Mob&N 5%sB '50 Hud & Man ret 5 Hud & Man a] 6s. 11 Central ref 4s.. 1l Cent ref 53°55. . 111 Central 6%s. 111 C-C St L&NO bs Int Rap Tran bi Int Rap Tr 6s stpd. Int Rap Tran 6 Int Kap Tran 7 Int & G Nor 1sf Int & G Nor aj Towa Cent rf 48 Kan City Ft 8 4s KansasCity S 6s. Kan City Term 4s. Lake Shore 4s°28.. Lake Shore 4s'31.. Lehigh Valcn Lehigh Val 58 2008. Louls & N uni Louis & Nash 548 Louis & Nash 7s... Manhat Ry cn 48, Market St Ry 7 M ElRy & L bs... M & St L 1st rf 4 M&StLrfexbs.. | M StP & SSMcn 6 MStP&SSM5Y% MK&T1st4s.... MK&T4sB. M K & T adj 58 MK&TprinssA. MK&T6sC. Mo Pacific ger Mo Pac 6s 1 . Mo Pac 6549 D.... Mo Pac 6s 65 E. ... Montr] Tm 1st Bs.. N O Tex &M 5s B. NOT&Mb%S N Y Cen gen 3% NYCentri N Y Cent del NYChi & StL5%s NYC&StL6sA. N Y Rys N ¥ State Ry NY W & Bos 4% Norfolk & W cn 43, orthern Pac 3s... orthern Pac 4s... orthern Pac 6s D. Pennsy! 6 Pennsyl 6%8. . Pennsy] gold : Peoria & E ino 4 Pere Mara 1st PCC&StLESA.. Rio G W 1st és St P & KCShL 4148 San A& ArnPds.. Seabd A L 4 sta. Seabd A Liref 43 Seabd A L adJ Seabd A L con Sou Pacific Sou Pacific ref Southern Ry gen 48 Southern Ry 1st 5s. Southern Ry 6s ct. Southern Ry 8% Term Asso St L 4s. Texas & Pacific 1st Third Ave ref 4s. Third Ave ad) bs. Tol StL & W 4 Union Pac 1st 4 Union Pac 1st rf 4s. Union Pac 4s°37. Un Pac 18t rf 5 Union Pac cv 6 Virginia Ry 1st Wabash 5%s ‘76, Western Md ¢s. Wheel & L Ecn 4s. NEW Copper dull; futures, 147 pearby, 63.1 steady; steady; spot, 9.75. 161 12 . 181 83 4 53 38 6 53 2 10 o9 BoaZSannm mpmrmoe 4l 5 4 11 4 a1 19 28 3 2 41 10 13 76 8¢ 59 8844 91% 93% 107% 88% 98% 92 101% 108 103 974 61% 87% 884 17% 1104 102 80% 88 7% 97% 91 92% 100% 111% 10644 102% 98 101% 93 100% 111% 108% 102% 987% 102 76 84 89 88% 815 9314 s 107% 88% 934 9% 101% 103 103 9T 784 104% 96% 96% 107 115% 954s 101% 110% 102% aly 4% 88% 5 1034 4 103 98% 89 83y 79 £9 95% 103% 64% £8% 101% 4 101 97 95% 101% 78 101% 107% 974 102 63 944 674 27% 60% 681 894 61 B4% 96% 107% 100% 83 98% 93% 98 1108 4 108% 86 100 814 9% 91% 864 108 83% 0% 854% 83% 78% 72 864 95 974 8844 79 % 108% 106% 110% 84 102% 56% 39% 86% 81% 854 99% 103% 108 9% 101% 9% €8% 80 9% 80% IR TODAY'S METAL MARKET. spot. 995 68% 67% 71 90% 1081 754 19% 884 924 85% YORK, November 6 (#).— electrolytic, Tin easy; futures, prices unchanged. Lead Zinc steady; East and | spot and 62.76. Iron St. Louis, spot, 8.90; futures, 8.80 to Antimony, spot, 20.50. lappeared to have come to an end and BY GEORGE T. HUGHES. Spectal Dispatch to The Star. NEW YORK, November 6-—The fmprovemént noted in the bond mar- ket Thursday was carried further to- day. Inquiry was better, prices were eomewhat higher and the whole mar- ket presented a firmer tone, with the greatest interest shown in investment issues ylelding 5 and 6 per cent. The selling in United States Gov- ernment bonds based on the idea that these obligations would be less at- tractive under lower income taxes quotations hardened. Treasury 4%s got above 107, higher than in more than a month. Gains in the Liberties were smaller. There was not much change in the raflroad type of savings bank mort- gages, but those ranking just below this grade, such as Colorado Southern 4128 were strong, and there was a spe- cial demand for middle grade rails such as St. Louis Southwestern con- solidated 4s and terminal Armour Real Estate 4%4s advanced over a | point, Speculative railroad bonds were strong. Dealings in the St. Paul is- sues now in default were unusuaily large at fractional advances, following the announcement that another pro- tective committee had been formed in behalf of the holders of the junior bonds. Denver and Rio Grande West ern 5s were up at one time nearly a | point, and there was active buying of | Missouri Pacific 6s | The convertible copper issues were | active ana strong, led by Anaconda 7s | and Chile fs. Tnternational Mercan- i tile Marine s crossed 86 in contrast with a low of a month ago of { In the foreign group French bonds were {rregular, a loss of @ half point | in French first occurring at the same time that French 7s and 8s were up & quarter to five-eighths of @ point. Most other forelgn bonds were steady, and some of them strong. Today's new offerings included $7.500,000 Republic of Peru Tls ma. turing 1840 to vield over 7.75 per cent. The issue was quickly sold. SETBACK IN WHEAT | IN CHICAGO TODAY | | l}{nrvem'ng Argentina Under Good | Conditions Weakens | | Home Prices. i By the Assoclated Press. CHICAGO, November 6.—Although the wheat market displayed an up- ward tendency at the opening today, prices quickly underwent a setback | Reports that the harvest in Argen- tina had commenced under favorable | conditions acted as a bearish influ- {ence, and there was also word of bene- ficial rains in Australia. On the other hand, initial strength shown by the market was ascribed to further at- tention given to reports of Hessian fly threatening future danger to new | Winter wheat in several important | States. The opening, % off to % up, | new style, December, 1.51% to 1.51%, | and May, 147 to 1.471;, was followed | by a slight additional upturn in some cases, and then a decline all around to below yvesterday's finish. Corn and oats were relatively firm OWINg to a forcast of less favorable | weather in the corn belt. After open- ing at 1 decline to 1; advance, De- cember, the corn market scored slight gnral gains. Oats started unchanged to 1; higher, Dcember, 38% to 38%, and later held near to the opening range. Better cash demand gave strength to the provision market. WHEAT— Open. Hi Lo €] December | Mavr 1 | Sox L Decemb R ST. PAUL SEES LARGER EARNINGS NEW YORK, November 6 ().— H. E. Byram, co-receiver for the Chi- cago, Milwaukee and Paul, says conditions in the road’s territory in- dicate larger freight traffic the rest of the year than a vear ago. He ex- pected net rallway operating income | for 1925 would about equal that of 1924, Wheat should begin moving soon, he sald, and, with the corn crop, should contribute to increased earnings. SEABOARD’S TRAFFIC UP. NEW YORK, November 6§ (#).— October traffic on the Seaboard Air Line was heavy, freight loadings to- taling 206,927 cars, against 160,768 in October. last vear, an increase of | 28.7 per cent. Gross revenues for the first three weeks of the month jumped 90 per cent—$4,140,095—against $3,001,564 a vear ago. Passenger rev- enues gained 77 per cent. SV PIG IRON UP $1 PER TON. NEW YORK, November 6 (#)— Pig iron has jumped §1 a ton in the Chicago district, where melters are reported to have pgid as high as $25 a ton for No. 2 foundry and malleable for immediate delivery. Steel scrap also has advanced 50 cents, to $18.50 a ton. EATON AXLE EXPANDS. CLEVELAND, Ohio, November 6 (#).—Announcement is made by J. O. Eaton, chairman of the Eaton Axle and Spring Co., that preferred stock of the Eaton Spring Corporation will be paid to the American Steel Foun- dries Co. for the American Auto Parts ,Co., Detroit, acquired by the Eaton ompany. Two New .Records In Bank Clearings Made in 124 Cities By the Aseociated Press. NEW YORK, November 6— Broadstreet's compilation of bank clearings for October is a new bhigh record for the month and year, the total for 124 cities ag- gregating $46,251,503,000. This is 16.5 per cent larger than for Oc- tober, 1924, 16.2 per cent more than September and 10 per cent above the record month of Janu- | railroad | 2.00a5.00; BY CHAS. P. SHAEFFER Operating income of the America: Telephone and Telegraph Co. for Sep tember increased to $3.159,07 2,733,910 in 1924, and for the nine months of this vear to 876,83 from $22,959,792 a year ago. Assets of the system as of Sen tember 30 last totaled $1.600.000,00( with reserves and surplus of $215,01 000. The company has surplus and reserves in excess of $707,000.000 while its funded debt is approximatel $845,000,000 and its mortgage dei: $452,000,000. RBook value of the tota assets {s over 800,000,000, and boo value of its physical property is proximately $2,500,000,000 . Land v alone {s $235,000,000. The American Telephone and Tele graph Co. earned its interest on fts funded debt after deprecfation in the last 10 vears from 3.7 per cent times in 1920, the low year, to 6.9 per cent Assoclated companles have earned theirs from 3.4 per cent times to 4.4 per cent times. Next year the Bell sy brate its fiftleth an the first words we telephone between Can: Boston Ther: ap tem will In 1 tted by toll calls, telephone conve: are conducted over 42 wire, of which are underground. A 000 em operati Recen compar persons are in and stocks of t American_ Teley ‘o, which has shareholders in tk registered share! army of over 1 are pay partial 165,000 prefe Bell system ties made pub! that erested te the nd greatest , excluc Aployes ock on the There are d shareholders in the re are approxi- ndholders. who The I sion today s aboar Air Line to take from the Treasur Department $3,700,000 in bonds wh have been by the Governmer required ury $20, for th to_depo: 000,000 in bonds as s repayment of $50,000,( made to it by the desired to 1 some ¢ e deposited security to aid i finance operations, and the Com merce Commission held that tk t tlement in the price of its sec justified the relea: Railway Common at New Top. Common stock of the V Railway and Electric Co. former high Exchange shares were traded in par. The source of t interest could not be learned, but brokers attribute it to a renewed ef fort on the part of out-of-town buy ers who hope to realize profits some obscure manner. Lanston Monotype W mand, 119 shares selling interim receipts of Poton Power preferred stock so 5 the extent of 10 shares. Railway | ferred remained strong at fractionally 7, and 10 shares of Continental ‘0. brought §7. Baking Nerger Completed. Paul H. Hélm, president of the Ger eral Baking Corporati vesterda) announced arrangemen for taking over the General Baking Co. had been completed, one month after its stock. holders had received their first of to enter the merger. The compan) purchased operates plants in cities. Mood; v Review. Moody's weekly review of f conditions in its current issue part: A bearish tion seems prema ture and unwarranted, because tk economic indicia have not turned be ish, whereas in the past they n did_turn bearish prior to decline. nent. rew buying in good de says, the average vield of 118 active stocks is now about I of a point less than the average vield of newly issued corporation and foreigu bonds; and this means that the yields of stocks upon their current prices are unreasonably and abnormally small. Such situations in the p history of the market have usually denoted approximate top. “In view of the excellent trade situ ation, however, and of the prospect that general prosperity may continue increasing through the Winter, any selling_of stocks should be confined to realizing in preparation for the next large reaction whenever this may occur. “Funds thus released may con- servatively be re-employed either in high-grade shortterm _ notes and bonds, or in other stocks of higher investment quality GRAIN AND PROVISIONS. BALTIMORE, Md., November (Special). —New potatoes, 100 pounds. b bushel, 3.0025.00 beets, 100, 2.00: : brussels sprouts, quart, 1 0: cabbage, to 40.00; sweet potatoes, barrel, 4.50; yams, barrel, 1.50a3.50; carrot 100, 3.00a5.00; celery, 2.254 3.23; cucumbers, te, 1.50a3.00 cauliflower, crate, 5a3.75; Kale. bushel, 30a40; lettuce, bushel, 1.00a onions, 100 pounds, 2.00a8.00 oysterplants, 100, 5.00a6.00; pump- kins, 100, 5.00a10.00; tomatoes, crate, 50a2.75; spinach, bushel, 1.25a1.50; savoy cabbage, bushel, 40a50; turnips basket, 20a30. Apples, barrel, 2.50a7.00; bushel, 2.25; cranberri box, 5.00a8. srapes, basket, 1.15a1.25: grapefruit box, 4.005.50; pears, bushel, 2.5 3.50; basket, 25ab0; oranges 7.00a8.25. Selling Prices at Noon. WheateNo. 2 red Winter, spot mestic, 1.63; No. 2 red Winter, licky, 1.5 Sales—None. Corn—Cob, new spot, 3.65a3.70 p« barrel, as to delivery; domestic, :¢ low, No. 2, old, 98 per bushel. 48248%4; Sales—None. Oats—No. 2 red, new, 47a47%. Rye—Nearby, new, 85a95; rye, spot, no quotations. Hay—Receipts, 46 tons. Thers is a moderate demand for the better grades of timothy and choice light clover mixed hay. But the poore: qualities of heavy mixed hay and dark clover hay are slow saie and neglected even at sharp discoun Quotations, per ton, today 0. timothy, 24.80a25.00: No. 3, timothy, 22.00a23.00; No. 1 light clover mixed, 23.50a24.00; No. 2 light clover mixed, 21.00a22.00; No. 1 clover mixed, 28.00a23.50. Straw—No. 1 wheat, 11.00a12.00; No 1 oat, 12.00a12.50. No. No. ary this year. The new high for October swells the aggregate for the 10 months of 1925 more than a full month's total above that of the same period of 1924, It requires more than 25 years for light to travel from the star Veg: to the earth.