Evening Star Newspaper, November 9, 1925, Page 24

of - ¥ VIOLENT CHANGES IN STOCK MARKET Rally FoIIows Early Drop in Spite of Advance in Call Money Rates. BY STUART P. WEST, Special Dispatch to The Star. NEW YORK, November 0 of tod; the most reactionary some time. There were ind 5 points, and even s which had been in the forefront of last week's upward move- ment. The steels, motors nd metal shares—the recent leaders—all felt the effect of heavy profit-taking. But at the critical moment buying orders were thrown into the railway equip- ment stocks, and this, with the strength in some of the oils. which had been consistenly maintained from the start, brought about a general rally. Baldwin got time on the current s one of the fe: movement. It res of the mar 3 and other sha of locomotive nd car-making companies went long. Among these were particu. larly American Locomotive and Pull man. The general impression was that these stocks which are always ¥ to move either way were being marked up to help out the speculative position-in other parts of the list. While the selling move was on in the early dealin very p recessions oceuw: more nota- ble losses from close | 11 points in l)ll|m!|( in s . in United States Steel Steel, 2 in Gulf States orth Amerlcan, 4% in , 8 in Hudson, 3 each preferred and Fisher National Lead, 2% m nd i olworth, 3 in International Com- ring and § points in some The the Saturday d 61, Republic W ican Can, bustion F Loose Wiles. 0ils Active in Rally. In the subsequent rally Pacific Oil *tood out prominently, with a rise of nearly 3 points. General Petroleum went up a point and a few others of the oils a halp point or so. The rise | in Pacific Oil s attributed largely 1o special reasons having to do with earnings. There were new United Cigar Stores & Reynolds, American Ice, Goodrich preferred, _Allied al preferred, General Baking “ferred and Nickel Plate preferred. Allied Chemical common also got into new high ground as it crossed 115. high records in Schulte, Devoe ew York Leather Shares Strong. American Hide and Leather stocks were very strong, with the preferred up 1% and the common 2 points. Some of the merchandising were in demand agaln, especlally May Depart ment Stores and National Depart ment, the latter unusually active on the rise. Mack Trucks appeared to be receiving prompter support than most of the other motor issues, ¥rench Francs Lose Ground. At their low of the day, French francs were still above last week’ minimum of 3.85. But they lost what ever inclination_toward recovery had appeared on Friday and Saturday, and at one stage were down quite y. The decline was commonly taken to indi the skepticlsm in fnternational banking circles over the Painleve tax program. The courage of the proposal was recognized and admired. But it is doubted whether the French public has vet been suf- ficfently aroused to the seriousness of the situation to be willing to make such a_ sacrifice. Continued improvement in the business of the American Woolen Co. is said to have been the incentive for the recent buying in the shares of that company. Wall Street has no official figures to substantiate the re- of increasing income, but the cance in the over a short pe riod of time would seem ‘to indic that there was something to the talk regarding American affairs. Selling Ahead of the News. d in Gen membe: of oday iar notion bee: dis- Motors d t on diy- The nd raised big advance in n due in large hood of a good- lar rate will The has be lik wsure to the zed extra. MARKET CLOSES STRONG. High \lllrlh Last Hour Trading. N YORK, The closing was car irregul Many New Scored in s of the | disap- when roof issues to ned | 1d United ¢ motors. Sales Far point 10,000 shares, from 1 to 11 pular issues, miduftern allicd under the le whith was lifted of Baldwin . | Cuba of call mone Commission house switching of operations from the lustrials c Oil renzth which opened , rallied to 2| to the howing oils out- standir Dhipor wdr, at end!of th all qtock s 000-ghare 11 points 60 before the les also c YORK.—Stocks irregular; jumps 6 points. Bonds mixe feld to profit taking. reign exchanges lower; French franc again below 4 cen Cotton weak: bearish Government report. Sugar higher; firm spot market. Cof- e firm; higher Brazilian market. CHICAGO.—Wheat unsettled; f: vorable weather. Corn barely stead. expected bearish Government report. Cattle firm. Hogs higher. MILLS RUSH FOR COTTON. NEW YORK, November 9 (#).—The unusually high rate at which cotton is oeing consumed indicates that spinners are taking advantage of the large cot- ton crop and low prices to build up their Teserves, which had been de- pleted by famine crops, in the opin- ion of Edward E. Bartlett, former president of the New York Cotton Ex- Ehange, above 130 for the first, was as- | motors and | FINANCIAL. Open. High. Low. Close. 6815 684 684 683 Adams Exp (6).. 105 105 105 105 Adv Rumley.... 18 18 18 18 Ad Rumley pf(3) 60 60% 60 60 Ahumada (t1).. 9% 94 9 9 M| Alr Reductn(#8) 110 112 110 112 Afax Rubber.... 12% 12% 11% 1% All Am Cable(7) 120% 120% 120% 120% Allied Chem (4). 114 115% 112 1124 Allled Cm pf(7). 121 121 121 121 Allls Chalm (8). 91'% 91% 90 90 Am Agricul Chm 27 27% 26% 27% AmAgChmpf.. 77 77% 7 1% SAmxzmflu:(u. 83 33 83 33 33 33 32% 824 133% 1384 133 133 50% 50% 60% 95 95 264% 264% 120% 120% 109% 111% 24% 24% 53% 65 53% 54 4% 6 1374 1874 3% 928 13% 67% 127 445 14 54 87 Abitibl Pow (4). Am Brk QHOEIS) Am Br Boverl. Am Brown Bopf. 95 Am Can (+7).... 256% 1Am Can pt (7).. 120% Am Car&Fdy (6) 110% Am Chain A (2). Am Chicle. ..... Am Chicle ctfs. . Am Drug. Am Express (8). Am & For Pow. . Am&F Ppt (7). Am Hide & Lea. . Am Hide & L pf. Am Ice (8) Am Internati. Am La Fran (1). Am Linseed..... Am Linsd pf | Am Loco (118).. Ani Metal (4). Am Metal pf (7) Am Radlator (4) Am Republic. . | Am Satety R (3) | Am Ship&Com. | Am Sm&Ref (7) AmS&Rpf (D). Am Stl Fdys (3) Am Sugar. Am Sumatra. ... Am Tel&Tel (9). Am Tobaceo(19) . Am Tobac B(19). |'Am Tobac pf (6) | Am WW&EI 1 20 Am Whol pf (7) Am Woolen | Am Wool pt (7). | Am Zinc. : | Am Ztnc pf Anaconda (3)... Archer-Danlels ArmourDel pf(7) Armour.Ill A (2) Armour.Tll (B).. Arn Cons&Co. Arnold Con cfts. Artloom pf (7). Art Metai (1)... | Asso Dry G(234) | Asso 011 (2). Atchison (T) Atchison pf (5). At Birm & At. .. At] Coast L (18). AtlGult& WI.. At] Gulf & WI pt Atisntic Refine. Atlan Ref pf(7). Atlas Powdr (4). Atlas Pow pf(6). Atlas Tack...... Austin-Nichol. Austin Nic pf(7) Auto Knitter. ... Auto Sales pf. Faldwin L (T) Balto & Ohlo(5). Bal & Oh pf (4). Bang & Ar (3).. Bang & Ar pf(7) Barnsdal!A(50¢) BarnsdallB(50¢). | Belding Bros(3) | Bethlehem St1. . | Beth Stipf (7).. Beth Stl pf (8).. | Booth Fish 1st. | Briges Mtz (1%) Rk) Fdison (8). Bkl Edison rts. . Ak!-Man Tran | Bk-Man T pf(§) U Tntar G4 lyn Union rts. Lrown Sboe (47 Brunswick-Balk | Brunswisk Ter. Burns Bro (10) Burns Br B (2).. Bur Add Ma (3). Bush Terminal.. Butte Cop (50¢). Butte&Super(2) Butterick. - Caddo Centrai. .. Cal Packing (8). Calif Pemnt (2) | Calinhan Zine. Calumet & Ar (4, | Calumet & H (1) | Can Pacific (10). Case Threshing. | Cent Leather. . i Cent Leather D' Century Rib (2). Cerrod Pasco(4) Certamn-Teed(4) Chandier (3).... | Chees&Ohio (4) . | Chi & Alton. ! Chy& Alton pf hi & East 11l .. hi Great West. | “hiGr West pf.. | Cn1pin1 & SeP. | Ch1 Mil & StP pf | cME&StP pf cfs | Chi & Nwn (4).. Cht Pneu T (6).. [Ch(RlQl'lc.v CRI&P DI (8). [CRI&P DL (D). | Childs (32.40).... | Chile Cop (2%). | Chrysier Corpn. | Chrysler pf A(f) Cluett Peab (5). “luet Pea b | Cocastiols 1) | Coto Sou 15t (4). | Col G & I (2.60). | Col Carbon (4).. Comi Cred Al‘/z) | Com Inv (2 Com Solv A u). Cor | Congoteum (23 nso! Cigar.... Consol Distribut Consol Gas (8).. 55% lln 70 A ASK Cont insur (6 { Corn Prod (2)... | Coty, Inc (3.80).. | Crex Carpet (4). an Cane Su. . 1 Cub Cane Su Df.. ! Cuba Co (4). " | Cuban-Am S (2). Cubun Domin. Cuban Dom pf. udany Pikg (). { Cushman's (3).. Cuyamal Fr (4). Duvison Chem. . Del & Hud (9).. Dei L & Wn (17) etroit EA (8). Devoe & Re Acfs Loase 1ros L1 A Uodge pf (7).... Lome Mines (2). Dupont (19).... DuFont deb (6). Sastman (18)... Eaton Axle. . c Powr & Lt E P&L fu.l pd (T ki P& Lpf(?).. Liec Str Bat (4). knd John (5). - ErfeRR Erle ctf: krfe 18t pf. Erfe 2d pf, . Eureka Vacuum. Fairbks (2.60) Famous Pl Famous pf (8).. Federal Lt *1.40. Federal Mines. .. Fed Min pf (7). Fisher Body (6). Fisk Rubber.... Fisk R 1st pf (1) Flelschmann(t6j Foundation (8). Foundation rts.. Fox Film A (4).. Freeport-Texas, 250 102 13 27% 32% 108% 91% 74 70% 3445 84% 40% 40 50% 50 108% 114% 28 59% 84 123 27% 110 110 142% 143 164% 166 ‘4 4 83 83K 21 102 112% 26% 31% 108% 1% 2% 0% 344 344 40% 40 50 48% 108 114% 28 69 84 120 26 110 141 162% 3% 82 115 28% 59 85 121 27% 110 142 166 3% 83% THE LVENING STAR, WASHINGTON, D. NEW YORK STOCK EXCHANGE Received by Private Wire Di.ect to The Star Office Gabriel A (2%). Gardner Motor. Gen Am Tnk (3) Gen Asphalt. ... Gen Asph pf (6). Gen Baking (6). Gen Bakg pf (8). Sen Cigar ¢ Gen Electric (8). Gen El spec 60c Gen. Motors (17) Gen Mot pf (7).. Gen Outdr Adv. Gen Outdr A(4). Gen Petrm (2).. Gen Ry Sig (w1) Gen Refrac(2).. Gimbel Bros. ... Ginter (134). Glidden Co. Gold Dust Goodrich Ru (4). Goodrich pf (7). Goodyear pf (7). Gould CoupA(2). Granby Consol. . Grt North pf (§) Gt Nor Ore (1)... Grt Wstn Su (8). Gt West S pf(7). Green Canan. Guantanam Gulf Mo & Nor., Gu M & N pf (8) Gulf States S (5) Gulf Sta 1st (7). Hartman (2%).. Hayes Whi 3% Homestake (14). Household P (3) Houston OMl..... Howe Sound (2). Howe Sound rts. Hudson Mn (2%} Hudson Mot (3). Hupp Mot (1) Nlinots Cen (7) Tilinolc Cent rts Indep Ol (1). Ind Motrey (50¢) dian Refining. Indian Refg ctf: *Ingersoll R(3). Inlund St (2%). Inspiration (2) Interub Rap Tr. tnte Int Bus Mac (8). int Cement (4).. In Cement pf(7). int Com Eng (2) Internat Har (§) Int Mer Martne. Int Mer Mar pt Int Nickel (3) Int Paper. Inter Paper rts.. Inti Faper pt (1) Int Ry Cent Am. Inter Salt (6) Int Shoe (5).... int Tel & Tel (8) Jewer Tea. 5 Jones Bros Tea. Zordan Mot (3). KCP & L 18t (7). iKan City Soutn. Kansas & Gulf.. Kayser J (3). Kayser (J) pf(8) Keily-Spring Kelly-Spring pf. Kelsey Whi (6). itennecott (3) Keystone T & R. Kresge Dept S... Laclede Gas (8). Lee Tre & Rub. . Lehigh Val (3%) Lehn & Fink ctfs Liggett & M (14) & My B (14) a Loco (4).. Loews 110 (2) Long Bell A (4). Loose-Wile Lortllard (3). Louis Gas A Lcuis & Nsh Ludlum (2V. McCrory B 3t.60. Mack Trucks (6) Mack T 18t (7).. Mack Trk 2d pf. Mackay pf (4) Macy pt (1). Magma Cop _(3). Mallison & Co. .. Mallison pf (7). Manati (6) Man El Sup(4%) Man E md g (5). Man Spirt (1%). Maracaibo Oll. .. Market St prior. Market Stpf.... MarlandOil (1% Malin Rock (1). Martin-Parry (2) Mathieson Alka. May Dept St (5). Maytag (50c). Metro G pf (1.89) Mexican Seabd. . Miami Cop (1).. Mid-Continnet. . Middle States. . . Mid St Pr pf $10. M St P & SSM pf. Mis Kan & Tex. . Mo, K & T pf (5) \issour} Paclfic. anissouri Pae pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Siother Lode 750. Motor Met (3.60) Motor Wheel (2) Murray i 12.40). Nash Mot (116). shpt (7)..... xat Acme (sia). t Biscuit (t4) t Biscu pf(7). t Cloak (4) Nat Dalry (3) at Dpt Stores. . 4| Nat Dept Srts.. Nat D St 1st (7). Mat Distiliers. ... Nat Disullers pt Nat Enamel & S. t Lead (8).. . Nat Lead pf (7). Nat Ry Mex 1st. Nat Ry Mex 2d.. Nevada Copper. . NY Air Brake(2) N Y Air Br A (4) N Y Canners (2). N Y Central (7). Y C&StL (8). NYC&StLPL(6). N ¥ Dock. ... N Y Dock pf (5)- Y N H & Hart. N Y On&Wn (1). N Y Shipbid (2) Norfolk South. . Norfk & Wn (18) rtn A (B3.40). rth Pac (6) Norwalk (1.60) Nunnally (1). Ontario Mining. Onyx Hos pf (7). Oppenheim (3).. Otis Elevator(8) Otis StSeel..... Otis Steel pf. Outlet Co pf (7). Owens Bot (3).. Pacific Gas (8). Pacific Oi1 (3) Packard Mot( Paige Mot (1.40) Pan-Amer () Pan Amer B (6). Pan Am Wn Pet. Panhandie. . Park & Tilford.. Pathe Ex A (¢c5). Penick & Ford. . Pennsy R R (3). Penn-Seab Steel. Peoples Gas (8). ivere Marq (4).. Pere Mar pf (5). PhlaCo (4).. Phila& RC&I.. Phila&R C&I ct. Philip Morris Phillips Pet (2). Phoenix Hosiery Plerce-Arrow. .. Plerce-Arrow pf. Plerce Oll.... Pierce Petrol. 22 20% 21| Pitts Coal. tAgr... Open. High. Low. Close. | 86% 86% 104 | 56% 65% 55% 37 9% 56% 58% 994 235 126 1043 329 11 147% 113% 30% 53 4814 73 45 70% 46 24% 47 71% 101% 113 213 214 4% 32 9T% 110% 15% 5% 3214 102% 92 106% 364 23% 9% 9% 300% 4% 294 28% 22% 1724 73 1044 564 129 9% 38% 39% 139 6% 96 29 74 190% 1% 18'% 232 110% 105% 70 116% 6% 249 85 38 51 454 34% 23% 45 25 5% 31% 23% 127% 244 23'% 1% 83 98%% 65 130 56 46% 29 72 8% 42% 3 28 831 17% 50 24 118% 84% 5% 601 38% 39 22% 43% 87 A1% 95% 1% 3 «87 10% % 59% B8% 69% 100 286% 126 104% 329 11% 14T 113% 804 53% 49% 78% 45 70% 46 2414 413 72% 101% 113 21% 21% 4% 32 9T% 110% 15% 5% 33% 1024 9214 106% 36% 37% 167 24 132 50 123% 236% 111% 105% 0% 116% 45% 244 i2h 10% 85% 1% 136'% 994 235 126 104 820 11 142% 118% 30% 83 484 72% 45 68% 46 24 47 70% 101 112% 21 20% 73% 31% 97% 110% 16% 29 T4 1£0% n7 18% 17% o7 106% 39% k] 3649 1015 18% 68% 110% 684 2% 34 164 16% 81 405 764 6% 68 42% 5 49 120 87 16% 23% 128%_130% 48% 0% 120 231% 110% il 94 S4te 14 136 76 39 b3% 33% 124% 148 uH% 40% 6574 oT%) 25% TI% 39% 133% 6% Tl 16%% 15% 11 97 47% 130% 12% 83 98% 65 180 56 45% 27% 1% 2% P 28 80% 1% 49% 2 118% 8d% 5 60% 38% 39 2% 434% 37 40% 923 1% 5 43 100” 285% 126 104% 321 1 145 113% 30% 53 49% 3 45 70 46 24% 4T T1% 101 12% 21 20% T4% 31% 3T% 167 24 130% % 120 18% 49% 2 118% 84% 6% 61% 398 39 23% llh i sm C, MONDAY, NOVEMBER 9, 1925. INTEREST CENTERS ; Coxes vorx BONDS srocx secmance] | Mg Recelved by Private Wire Direct to The Star Office. IN FOREIGN BONDS Domestic Issues Unsettled as Stocks Show Wide Price Fluctuations. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 9.—Forelgn bonds again attracted most attention at the start of trading for the week. With the exception of the French is- sues the whole list was firm, and some of the South American descriptions were strong, among them Brazil s and Bolivia §s, both at new high rec- ords. German 7s, Jugoslav 8$s, which du plicated their best previous i land 7s and the lower c Belgian issues were all taken up. Among French bonds, Paris, Lyon and Mediterranean 63 were off a point at 76, which, however, w points above the low of last March. Frac- tional losses were sustained by the French 7s and 71%s The motors showed some disposi tion to take profits. Rickenbacker was offered freely at slightly lower prices and Durant came down half a point. The feature of the v s the in- Lib- high-grade recovery in recently on the expectation of tax reduction Among the industrials the Armour bonds were higher Pitts Coal pf (6). Pitts Stlpf (7). Pitts Term Coal. Pitts Ut pf 11.20, Pitts & West Va. Press Steel Car. . | Prod & Refiner: Pub Se E&G pt 6 Pub Ser NJ(5).. Pullman Co (8). Punta Aleg Sug. Pure Oll (1%).. | Radio Corpot A. 51 Radlo C pf (3%) 46's iy Stl Spg (8) 172 Ray Cons Cop. 1it Ieading (4)..... Reading 1st (2). Reading 2d (2).. Reading rts Reld Iem Cm(3). Remington Type Replogle Steel. Rep Ir & Steel Rep 1&S pf ( Reynolds Sprngs Rey Tob B (3).. RDNYali3%. StL & SanFr((7) StL San F pf(6). St L Southwest. St L Swn pf (5). Savage Arms. Schulte (§8) . Schulte pf (8)... Seaboard Afr L. Seabd Alr L pf. Seagrave (1.20). Sears-Rebk (6). Shattuck F G(2) Shell Trans 2.16. Sheu Ln (1.40) Shell Un pf (6).. mmons Co (2 mms Pet (1). Sinclair Of1 Sinclatr pf (8). Skelly Oil (2). Sioss-Suefl (6). . South Port 8 (6) South Pac (8). Southern Ry (6). South Ry pf (5). Splcer Mfg..... 1d Gas & EI(3). 1d GEE! pf (4). tand Mill (5).. St Ol Cant (2) StOINT (1) StOUNJpf | Std Plate Glass. Sterling Prod (4) StewartWar(16) ~trombere (8) Studebaker (16). Submarine Boat. Superior O1) Sweets (u 87% 101 80 15 924 58y 16% 974 Sl 160 38 87% 101 8% 101 878 *| Symington. Symington A(2). Telautogph (%) Tenn Copper (1) Fexas Co (3).... Tex Gulf Sul (3) Tex & Pac C& O Tex & Paciflc. .. The Falr (2.40).. Third Avenue. Tide Water (1).. 3 Tide W Ol pf(5). Timken (14). ... | Tobac Proa (8). | Tob Prod A (1) Transcont Ofl. . Transue & W(2) Twin City (4)... Underwood (3).. Un Bag & Paper. | Union 011 (1.80). u Pacific (10). Un Pacific pf (4) Un Tank Car(5) Un Tk Carpf(7). Ud Alioy Steel. UtdClgar(®3%) . Lnited Drug (7) UtdDrug 1st 3% . { Utd Fruit (10) 7S Cast Iron P, |uscippt . U S Distributing Toffman (3) ~ Ino Alcohol. S Realty (10). S Kubver... U S Rub 1st (8). U S Smelting(3) U S Steel (17)... U S Steelpf (7).. Cniversai Pipe. Univer P pt (7). Utah Copper (1). Utu P&L A (35.. ‘anxdium (2)... Va-Caro Ch ctfs. Va-taro Ch pf. Va-CarCh pf cfs. Vivaudou .-.... wabash. . wabash pf A (5) Wabashpf B ... waldorf (0%). ward Baking B warner A (1%). er (4). West Pen (4) West Pen pf (7). West Maryland. West Md 2d pf. Western Pacific. \est Fac pf (6). West Union (7). \West Afr Br (6). westinghs (4) Westhse 1st (4). \ eston Eleo. Weston A (2) Wheel & L Er Wheel & L K pf. White Eagle (2). White Mot (4).. White Rock (12) Wickwire ctfs.. willys-Overld. . wiliys-0d p£(7). wilson & Co. wilson & Co p: Wilson pf Ctfs. Woolworth (3) worthn Pump. Wright Aero(1). wrigley (13%). Yellow C (2.52). Yellow Cab pf. .. 97 961 96% Youngstown (4) 90 - 87% 87% nd rates as eiven in the a mmz?f'mnuu "cash Dayments based or e et O Tiae Shoted exira. or Feania 5ot Ig3® 0t ot Inciuded. it S M INI year. no regular rate. b or i oty o 1e ooy D fi Dayabie : % SEnL, mcknulbhl v 474 136% 125% 85% 8415 106 32% 81% 1% 14% 14% 224 377% 69% 54 16% 82% 204% 91t 111% 96 15% 22% 31% 79 1397% 1274 Ta 87 19% 28 284 46 27 93 374 34 2950 114% S 17% 17% 2044 44y% 287% 56 32 16% 23 31% 79 140 127% 6 87 19% 27% 23% 94y 37% 84 304 114% 5% 17% 17% 207 u.w 5% 174 17% 203 44 28% Goe 814 7 have been so heavily | | | 4| Assoclated O11 6 | % | Con Coal UNITED STATES. 3 (Sales are in $1.000.) fasex. Hish. Tow, Close. 9524 9920 9920 101 31 101 28 101 29 9 100 26 100 23 100 25 1011 10030 101 1027 1025 1025 U S4s 19 12 1032 10832 1032 US4%s'52 50 10710 10630 10630 FOREIGN. Sales. High. Low. Close. 9 96k 964 95K 20 96% 964 96% 96% 96% 95% 9% 964 96% 1024 102% 102% 9716 9T% 9T 1004 100% 100% 964 95 96% 100 99% 100 8 86 93% 93% 964 96% 169 109 107% 107% 108% 1084 99 99 84% B84% 874 RTH% 105 105% 102 102% 100t 100% 102 102 104 104% 102% 102 100% 1015 103 103 109% 109% 109% 110 51 51 101% 101% 110% 110% 9015 90 98% 9815 102% 103 5101 101 101 101 110 110 ;110 110% 103% 104 L 10215 1021 i 102% 102% Lib3ys. Lib 1st 4 Lib3d 4%s 159 Lib 4th 4141 396 Argen 6s Ju'9. . Argen 6s Oct 25 Argentine Arentine 63 B Argentine 7s. Australian 5s.. Austria 7s. Bank of Chile 6%. Bank of Japan 6 Reletum Belgium 6. Belgtum 7s. Relgtum 738, Belgium Herne 8s Holivia Rordeau Brazil 78 Brazil 734 Brazil 8s Canada 5519 Canada 58 1931. Canada Gs 1953. | Canada 638 1929 Thile 7s 1942 Chile 85 1926. .. Chile 85 1941, Chile 8s 1946 Chinese Gov Ry 63 Christianta 6s Chrietiania 8; Con Pow Japan Copenhagen 5% Cuba 5348 . Czecho &s 1951..... Crecho 83 1952 ct . Danfsh Munic 8s A. Danish Munic 8s B. Denmark 8s. ... DET5%a Mch '53. DET5%s Nov 53, Cotch East T 6s 47 Duteh East I 6 Finlands 7s. Framerican 7% French 7a. French 734 Freach 8s. . German E1 P 6%s. . German 7s... Ger Aer Bank Ger Gen Elec 7s. Creek 7 Haiti 6s. Hungary 6%s Tapanese 4s. Japanese 6% s TLvons 8s. .. Marceille 65, . Mexico 4s '04 asnt Mexico 45 *10 asntd { Mexico 58 assented Montevideo 7s. Nether'ards 6s Netherlands 6s°'72. Nord 6%s. . Norway 5%s. y 65 1943 Norway 63 1944 Norway 6s 1952 Orient Dev deb 103% o3 93 898 97% 1014% 101t 8T% 85 101% 101% 96% 96% 96% 96% €64 RBY 9615 97 975 Bk BiY% 84ls R4y U 244 1007 101 100% 100% 101% 102 8sts 6% 84 8474 101 BY% 994 e4n s Paris-Ly's-}ad 7 Paris Orleans s Veru 8s. Poland 8s. Porto Alegre 8; Prague 7%s Queensland 73 Rio de Jan 85 19486, Rio de Jan 85 1947. Rio Gr Do Sul Sao Pautc City Sao Paulo State 8s. | St ot s Pauto rets Saxon P W 7s. Seine Dept cf 78 Serbs Crot Slo 8: Sweden 535 ct. Sweden 6. Swiss 5% 194 Swiss Confed 8 Ud Kingm 51 '29 Ud Kingm 5%s°37. Ud Steam Copen 63 Uruguay 8s. Zurich 8s i MISCELLA Ajax Rubber 83 Am Agr Chem 7%8’ Am Repub deb 6s. AmSmit& R 1st 68 49 Am Smit & R 6s Am Snug ref 6s AmT& Tcltr4s Am T & T cl tr b AmT&Tsf6s... AmT & T deb 5%s Am Water Wks5s. 7 | Anaconda 1st6s 83 Anaconda cv db 7s. 158 Andes Cop 7srets. 47 Armour & Co 4%s. Armour Del 5%3. . i1 BAY% 101 89i4 99% 94% 1z t2 978 9T 97% 98 98 98 102 102 103% 101% 100% 100% 941 944 88 BRW 91% 91% 102% 102% 105% 106% 103% 103% 116% 116% 7% 117% 105 105 94 94 1z 12 103% 10815 102 104 97 98% 106 102 102 103% 104 97 97 98K 984 105% 105% 101% 102 97w 97% 100% 100% 97 974 102% 103% 95% 96 100% 101 105 1054 99 99 894 89% 93% 94 102 102 995 99% 105% 1054 100% 101% 100'% 100% a4 95% 88 usly 5% 101% 1I% 101% 101% 4 104% 104% 101 101 974 974 109% 109% 103% 10315 100% 100% 100% 100% 103 103 82% 1087 104 97 97w 931 93% 9815 Y9 108 108 854 &6 5 1024 1021 107% 107% 984 96k 105% 105% 102% 102% 103% 103% 105% 105% 110%, 1103 um. 120% amz aomEhmos Atlantic Refin 5 | Barnesdail s £ 8a | Bell Tel Pa 53 B Bell Tel Pa 58 C. Beth Steel pm 5 Beth Steel rf 58 Brier H St 1st 5% Biyn Ed gen 6s. Bklyn Ed 6s B. Brooklyn Union 6s. Bush T BIdg 58 '60. hile Copper &s. Cin G E 5%s°62 ol Gas & El 58. Col Gas & El 53 sta Commonwth P 6s. 4 15t 5. | Con Gas NY 5%s. . 1 Consumers Pow 5s. uba Cane cv 7s. . { ba Cane cvd 8s. | cuban Am Sug 8s ! Dery (DG) 78 Det Edison 5s 4 Det Edison ref 6s. Dodge wi 6s. Duquesne Light 63 Est Cuba Sug T%s. Empire G & F Ths. GoodricH 6%s. Goodvear 83 1931 Goodyear 55194 Hershey 5%s. Hoe & Co 648 Humble O & R I1linofs Bell 18t 6 Indiana Steel bs Int Mer Marine Int Paper 5847 inter Paper Inter T & T 5%s. .. KCP&LtorA'S2 Kan G & E168°63... Kelly-Spring Lackawa $ 58 '50. Liggett & Myers b3 Liggett & Myrs 7 Lortllard (P) bs. Louisv G & E 63°63 Manaul Sug sf 748 i1d-Con 6%3 "40.. Midvaie Steel 55. Montans Pow bs. Mor's & Co 1st 4%8 N Y Edison 5844 N Y Edison 638 NYGELH&P 5 N Y Tel 68'41. N Y Tel 68°49. North Am Ed North Am Ed 6% Nor Ohio T &L 6s Nor States Pow Nor States Pow Pacific Gas & Bl 6s. 16 1024 1014 101% i 1004 100% 103% 103% £5% B5% 3% 93% 9T% 481 107 107 99% 99% 101% 101% 105 105 93% 934 101% 101% 1184 118% 0TH 974 97T 97% 97% 986 101 101 92 92% 100 100 844 84w 101% 101% 114% 114% 1034 108% 107 107% 110 110 101% 101% 1044 104% 93% 93% 9T 974 105 105 97 97 101% 101% 984 984 108% 108% 9% 97% 984 9815 103% 108% 100% 100% 99% 99% 1034 103% 1031 108% 103% 103% 86 86 7 76 105% 106% 86% 86X 21 92% 924 100% 100% 100% s ANCE RSN~ D505 e Peoples Gas Phila Co 5% '38... Phila Coref 65 A. Phila & RAC & 163 Public Service 6s.. 16 P ServGas5%s ‘69 18 P ServGasbl " Punta Alegre 7 Remingtn Arms Rog Brown Iron 7s. Sinclair Ofl 6s. Sinclair Of1 6% Sinclair O11 7s. |Stn Crude o1 84 Skelly O11 6 South Bell Tel 58 Southwest Bell b: So Por Rico Sug 7s. Sug Est Orfent 7 Tenn Elec Pow Toledo Edn 1at United Drug 6s. U 8 Rub 1st rf bs, U 8 Rubber 7% U S Smelter U 8 Steel s £ b Warner Sug 7s '41. West Elec 5s. Westn Union 6% Westinghouse 7s Willys-Ov 6%s°33. Wilson & Co 1st 6s. 4 Wilson&Co. cv 7345 2 Winchester A 744s. 3 YoungstuS& T 6s. 19 RAILROAD. Ann Arbor ¢s...... 15 76% Atchison gen4s... 31 59% Atlantic CL el 26 89% Atlantic C L 1st 1 Atlantic CL 7 4 B & O Gold 4s. 11 B&Ocv4iks.. B & Oret 5s &O1stbsct. &06 &Orf tmp B &0 PLEWV 4a.. B&O Sw Div s cfs. B & O Toledo z Eklyn Manh: Can Nat 43¢5 30. Can Nat 4% 54. . Canad North 6 Canad North 7 Canad Pac deb Centof Ga 6%s Cent of Ga 8 Central Pacific t Pac 15t 6890, Ches&Ocvits... Ches & O gn 4348 Ches & O ov Chi & Alton 3s. Chi & Alt 3%s ctra. ChiB & Qgn 45 '58. ChiB& Q1strf5s. B B B ChiRT&Prf ChiTH&SE 6 Chi Un Sta 58 Chi & W Ind cn 4 C& WI1b5%s"63. CCC&StLbs CCC&StLrfésA Cleve Term 5s. Cleve Term 6% Colo & Sou 4% Cuba RR 68, Cuba R R 7% Del Hud cv 5835 Del & Hud 6%s. Den & Rio G on ds.. D& Rio G Wat b3, Erie gen 4s. Erie conv Frla conv 4s D Erie Genessee R Ss FIaECBEs'M..... Fla W &N 7s°43. Great North b Great North 5 Gr North gen 7s. Havana ERL&P '50 Hocking Val434s.. Hud & Man ref os. . Hud & Man aj b 11l Central ref 4s. 111 Central 6348, 111 C-C St L&NO Int Rap Tran Int Rap Tr 6s Int & G Nor aj Towa Cent 18t bi Kan City Ft 8 4 Kansas City 83 KansasCity S §i Kan City Term 4s.. Lake Shore 4s '31. . Lehigh Val 68 2003 Louis & N unt & Louls & Nash § Manhat Ry cn 4 Man Ry 2d 4s 2013. Market St Ry 7 A1l E] Ry & L 5i M St P & SSM cn 48 M StP & SSMen 68 M St P & SSM 6%s. MK & T 18t 4 M K & T ad Bi MK&TrrinbsA. MK&T6ésC. Ao Pacific ge: Mo Pac bs 196 Mo Pac 6s 49 D Mo Pac 6s 55 B N O Tex & M in &s NOT&M5%s N Y Cen gen 3%s.. N Y Cent 4598 N Y Cent deb 4 N YCentrib N Y Cent LScl 3% NY Chi& StL5%s NYC&StL6sA.. New Hav deb 48" New Hav d 4857 NYOntW istds.. N Y Rys 6865 N Y State Ry 4% NY W & Bos 4%s. Norfolk & W cn 4s. Northern Pac 3: Northern Pac Northern Pac bs Northern Pac r 1 6 Ore & Calif 1st bs. . Ore Short L ref 4s Pennsyl gen 4%s.. Pennsy] gen 68.... Pennsy 58°64..... Pennsyl 6% Pennsyl gold Peoria & E tnc Pere Mara 1st 58 PCC&StLbsA.. Reading gen 4%s.. RIATk& L 4%s... St L IM&S 48°39. St L IM&S R&G 4 StL&SFpl4sA.. 9 76% 1% 9% o1 86% 102% 83% 0% 85% 101% 83% 8% = 864% 954 85% 8845 79% 108% 108% 110% 86% 84% 102% 89% 864 1% 9% 104% 102% 9% 98 101% 8% 7% 66% Y% 1% 99% 91% 88% 1034 83% $04% 854 101% 834 8% 72% 854 85% 85% 88% 79% 108% 106% 11 8684% 8i%4 102% 39% 86% 1% 99% 104% 103% 100 98 101% 23% Wabash 6%8'76... 29 97% Western Md ds.... 9 €6% Western Pacific 58, 1 94% ‘West Shore 1st 4s. 1 88 83 Wheel&LEcn4ds. 65 79% 79% ST I Three thousand five hundred San A & Arn P 4s. Seabd A L 4s sta. Sou Pacific ref Southern Ry gen ¢8122 Southern Ry 1st 68 35 Southern Ry ésct. 12 Southern Ry 6% Term Asso St L 4s. Texas & Pacific 1st 1 Third Avead) 6s... 52 TolStL& W 1 Union Pac 1st ¢ Un Pac 1st rf & Union Pac cv 6: Virginia Ry 1st Va Ry & P 1st bs.. 94 96 88 7 o1y 89% 81k 86% 102% 83% 20U 86% 101% 83% 8% 12 861, 95% 85% 884 79% 103% 106% 111 86% 84% 102% 89% 86% 1% 8% 104% 102% 99% 98 101% 98% 9% 66% % 83 9% men FINANCIAL. agnolia Plans For Merger With Standard Oil Co. By the Assoclated Pres DALLAS, Tex., Vovember 9.— Stockholders of the Magnolia Pe- troleum Co. will meet here No- vember 24 to consider a contract entered into between directors of the Standard Oil Co. of New York and trustees of the Magnolia Co. for merging of the two companles, it was announced at Magnolia headquarters here today. 75 AND $5 BREAKS INCOTTON MARKETS Higher Crop Figures in U. S. Report Cause Sharp Tum- ble in Values. By the Associated Pre NEW YORK, November % (®). Cotton_futures broke $5 a bale tod: on publication of the semi-monthly Government report estimating the| year's crop at 15,386,000 bales, an in- crease of 160,000 bales over the esti- mates of a fortnight ago. December contriacts sold down to 19.32 cents a pound and January to 18.80 cents. Futures opened steady. December, 0.50; January, 19.90; March, 20.01; May, 19.85; July, 19.3; Break in New Orleans Also. NEW ORLEANS, La.,, November 9 (#)—The New Orleans cotton mar- ket broke 120 points, or $6 a bale aft- erethe Government report was is- sued, estimating the crop at 15,386,000 bales, which was larger than the trade expected. The total ginnings re- port of 11,696,000 bales was about in line with trade expectations. De- cember, which traded at 19.70 before the report was issued, sold at 18.50 when business was resumed follow- ing the report Futures opened stead December January 19.70; March 19.54, May 28 nsked Cotton Values at Noon, NEW ORLEANS, November 9 (#).— Noon blds steady: December, 15.44; January, 18.49; March, 18.35; May, 18.33; July, 18.18. NEW YORK, November 9.—Cotton futures, 11.45 a.m, bids steady; Decem- ber, 19.40; January, 18.97; March, 19.10; May, 18.96; July, 18.5; CROP REPORT HIGHER. Government Predicts 160,000 More Bales Than Two Weeks Ago. By the Associated Press. A about 15,386,000 equivalent 500-pound bales this year, if average influences prevail during the remainder of the season, is indicated, the Department of Agriculture announced today, by reports _as of November 1 on condi- tion, abandonment, probable Yyields, ginnings and other factors, Cotton ginned from the growth of prior to November 1 totaled 11, 198,660 running bales, counting round as half bales, the Census Bureau to- day announced. Ginnings were 9,715, 643 bales to that date last year and 7,556,042 in 1923. A probable yield of 166.4 pounds of lint cotton per harvested acre is indi- cated, compared with 164.7 pounds indicated a fortnight, ago, and 157.4 pounds, the final vield per acre last year. A fortnight ago a crop of 15,2 000 bales and an acre vield of 164 pounds were indicated, while last vear's crop totaled 13,267,936 bale: Total ginnings include 184,597 round ales, counted as half bales, c ared with 240,661 for 1924 and 199, 326 for 1923 to November 1. Board Reports Much Damage. | The Crop Reporting Board, in its jcomment on the cotton crop report, said: “A slight increase in the indicated cotton crop is shown hy the cotton report for November 1, when 15,386, 000 bales were indicated by a prelim. jinary estimate. | peratures have done much |to the crop west of the Atlantic States since that date, with the effect mostly of lowering the grades, with some field loss of cotton. In the central and western part of the belt much open cotton is still in the field, subject to further damage and loss. “Reports continue to state that picking has found more cotton than was supposed to exist. The drought of August and September made the plant look so weak and sickly that the reporters did not believe that they could mature the fruit then on the stalks. The remarkable vitality of the cotton plant enabled it to with- stand the drought and heat and to respond to the rains that followed, to a degree that had been believed to be_impossible. The drought and heat held weevils and other insects in check and dam- age expected in the earller part of the season did not materialize. Poorer Grades Now Likely. “The recent widening of the price difference between cotton grades above middling and below middling indicates that a large percentage of the late crop will be of the lower grades. Al though this year's total production is larger than that of last year, it may develop that the quantity of the grades above middling this year will be less than last season. ‘The result of the lowering of the Ll.mfle will be to make a good deal of ‘cotton undesirable on future con- tracts, even though it may have good spinning value. Unless present prices advance materially, much cotton se- riously reduced in grade by recent raing may not be gathered.” FDRHGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) ominal - Selling checks London. pound. 8605 $4.8805 4 sq s Montreal _dollar - Paris. franc. £t . zloty. Copenhagen, crow Christiania,” crow Stockholm.” crow: NEW YORK, November 9 (#).— Foreign exchanges irregular. Quota- tions "(in cents): Great Britain—De- mand, 484 3-16; cables, 48411-16; 60- day bills on banks 480%. France—De- mand, 3.86%; cables, 3.9614. Italy— Demand, 3.98; cables, 3.9815. Demand —Belglum, 4.52%; Germany, 23.80; Holland, 40.19; Norway, 20.30; Swe- den, 26.72; Denmark, 24.82; Switzer- land, 19.27; Spain, 14.28; Greece, 1.35; Poland, 16.75; Czechoslovakia, 2.98' Jugoslavia, 1.77%; Austria, 141 mania, 47%; Argentina, 41.37; Br-zll 15.00; Tokio, 42%; Shanghai, 78%; Montreal, 100 1-16. PARIS MARKET FIRM. PARIS, November 9 (#).— Prices were firm on the Bourse today. Three per cent rentes, 45 francs 80 centimes. Exchange on London, 122 francs 10 centimes.. Five per cent loan, 51 francs 80 centimes. The dollar was ‘Quoted at 25 francs 20 centimes, EESIT Rt b Sefotabebotator bttt :aa==eow==wa=n probable cotton production of | | the ear: Rains and low tem- | damage | but | OFFICERS 0 NAME RIGES BANK HEAD. R. V. Fleming Only Man Being Mentioned—Railway Common at 225. The board of directors of the Riggs National Bank will meet this afte noon with the important task before them of choosing a successor to the Ine \u]ton E. Ailes as president of “ hile no official statement has hee authorized on the part of officials, it is generally understo well informed circles that Rober Fleming, the present cashier, elevated to the presidency This will necessitate further ool the part of the- d of directe been made by the board c sentativedas to whether will come this afternoon, name of Mr. Flemin, cessor as cashier be pending the board's 1 repre this : st Today’s session of the Stock ~ Exchange was Washington Railway common sold up tc reached 891;. The new Potoms tric Power preferred certifics up to 10 Trading in issues was also active. Heads B. & 0. Celebration Anncuncement is made of L pointment of Edward Hunger centenary director of the I and Ohio Raflroad Company. pointment is in anticipat ng centennial of which w be appropriate exercises The director will have charge of such ivities undertaken by the compar operation with the ¢ the G land, Wasl inte of the the corr marked The New York Trust Cc v dex of security prices sk crease of .14 points in be tween September 30 anc covering 66 bonds. Prices of s overing 113 issues aver: points higher. All classes of advanced witk except ping and sugs: Motor s made gains of 10.45 points Dun’s Reports Fine Trade An examination of the we ress was decidedly encoura; the favorable dividends sald Dun’'s Review, a new onth has opened with a further acceleration of business activity. The forward ment has been st mentum, as reports and statis demonstrated, and the susta orderly advance has strengt sentiment throughout the cour ws pr an es be ber 31 ck £ After in October - which preparations are made, are practically genera the fourth quarter’s results in lines of manufacture prc unusually factory. Railroad Earnings Climb. Earnings of class 1 ra United States for Sej ported by the T ilro; first nine were $79 $679,445,117 1 . The bureau, which is maintained by the cagriers, estimated that the s tember earnings represented a ret rate of 5.42 per cent per annum on t property investment total ned the companies. For the n g rate was figured a per cent upon the roads’ proper vestment figures. New Rails to Cut Expenses. Railroads hope to save . as compares in the same period s much : {16 per cent of their present expe tures on track maintenance a further smooth the way for travele by lengthening the standard rail fr 33 10 39 feet. The lengthening of the rail has been under consideration for some and has now been adopted ard. It will be effected grac the process of replacing r structure Nearly §0 per cent of track m tenance expenditure junction of , the assoc and the new length wi number of joints abou Also there will be that m as_car wheels sweep the sulting in less wear on stoekiand Tess Jolt SETBACK IN WHEAT AFTER GOOD START Firm Liverpool Cables Keep Prices Strong Chicago Market. reduce the per cent 5 Fail te in 1 trend, n "l‘!(‘f\ soon set peculative sellin some degree to a prominent eastern | trader, had much o do with the setback in values Selling was = parently based more or less on cu rent talk of probable increas ports of Canadian wheat by States millers. Opening prices, halt cent lower to higher, new stvle Decembe: 1.49 to 1.4 and May, 1.45 to 1451, were followed by gains all_around, and thep by - drop to 1.47% for December and 1.43% for May. Fair mate declines in larged United and cold weather likely to promote husking, tended to ease down the corn market and oats ns well. After opening @t ’s off to up, December, 75% to % corn prices underwent a general sag, De- cember touching 75%. Oats started unchanged to % high- er, December, 38% to 38%, but lat showed losses. Higher quotations on hogs tended to lift the provision market WHEAT— ]05!\‘ CHICAGO CASH GRAIN. CHICAGO, November 9 (®).—Wheat No. 1 hard, 1.58a1.59%; No. 2 hard 1.56. Corn, No. 2 mixed, 861&; N vellow, 85. Oats, No. 2 white, . 3 white, 39a40. Ry 6a57. Timothy seed, Clover seed, 21.00a30.00. Ribs, 16.75. TODAY'S MONEY RATES. NEW YORK, November 9 (&) Call money, firmer; high, 5; low, 4%: ruling rate, 4%; closing bid, 5; offer ed at 5%; last loan, 5; call loans against acceptances, 41; time loans steady; mixed collateral, 60-90 days, 1%a47; 4.6 months, 4%a4%; prime mercantile paper, 4%as 7.25. 1