Evening Star Newspaper, December 7, 1925, Page 30

30 * - @ FINANCIAL. TREASURY OFFERS NEW CERTFIATE $450,000,000 Placed on Sale or for Exchange—Other Local Notes. STAR, WASHINGTON, D. C, LIBERTY BONDS QUIET. Price Within Rather Narrow Range. NEW YORK, December 7 (#).—The recent narrow range in the price of Liberty and Treasury bonds has virtu- | ally eliminated speculative trading in | these obligations. This situation was recognized by the New York Stock Exchange last week when it made provision for the iImmediate settlement of transactions In these lssues, indi- cating that all buying was of a strict- ly investment nature and that brokers | were no longer trading “in and out” | of Government bonds for a profit. | PARIé BOfiliSE UNSTiIADY. FINANCIAL THE _EVENING NEW HIGH LEVELS ' [NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Low. Close... Oven. Hih. Low. Clo Abitibi Pow (4) TH T 1% 72% | Federal Lt *1.40. 33l 33% 3 3 7 Adams Exp (8).. 105 105% 105 105% | Federal Mines... 76 76 Adv Rumley 18 18 17% 17% | Fed Minpf (7)..: 92 92 Ad Rumley pf(3) 58% 58% b7% 567%|Fid Phoenix (6).,171% 171% Ahumada (11).. 9% 9% 9% 9% | Fisher Body (b). 98 99% Alr Reductn(t§) 113 112% 112% | Fisk Rubber.... 22% 23% Alax Rubber.... 10% 10% 10% | Fisk R 1stpf (7) 111 11114 Al e 2 2 2 |Flelschmann(ts) 139% 148 Allfed Chem (4). 112% 112% 118% | Foundation (X). 174 Allls Chaim (8). 90% 90% 91% FounFrrgts.... 43 Am Agricul Chm 27% 27% 7% | Fox Film A (4).. 81% Am A Chmpf . 81% 81% 81% | Freeport-Texas. 211 Am Bank N (18). 200 200 200 | Gabriel A (2%). 874 Am Beet Sug(4). 34% 33% Gardner Motor. . Am Rosch...... 81% 30% | Gen Am Tnk (3) MONDAY, DECEMBER 1925. N TRADING TODAY French Liens Rally—Rail- road Issues Move Forward. Tractions Strong. Present Moves UNITED STATES. (Sales are in $1.000.) ales. High. Low 107 9928 98 26 30 101 28 10125 141 100 24 100 21 201 101 6 197 1022 162 102 31 0 157 106 19 FOREIGN. les. High. Low. Close. Ko BG4 Sales. High. Low. Close. 1085, 108% 108% 104% 104% 104% 104 103 104 90% 90% 90% 107% 107% 107% 100% 1004 100% 106% 1064 105% 95 95 95 78 8 78 94K 4% 944 100% 100% 100% ll;% l;il;% g‘l);% 10/ 1 Wilson & Co 1st 99% 99 994 Winchester A 7 6 101% 101% 101% ' | Toledo Edn 1st 7, | Union Bag & P & | United Drug U S Rub 1st rf 6 U 'S Rubber 733, U S Smalter US Steel s £ 5 Utah Pow & Lt b, Warner Sug 75 '39. Warner Sug 7841, West Eleo bs Westn Union 6% Westinghouse 7; Close 99 26 161 26 100 22 1014 President’s Views * Along Agricufture Lines Help Advance in Stocks. Lib3ye. Lib 18t Lib2a 4% Lib3d 4%s Lib 4th 4343 US 481944 US4%s‘52 BY STUART P. WE! Special Dispatch to The Star. Argentine 6s Arge BY CHAS. P. SHAEFFER. Argen 65 Ju 9. ... Argen 65 Oct '69... 5614 14 BY GEORGE T. HUGHES. NEW YORK. December After an irregular price movement for the first hour or so, on the Stock Ex change today, operations for the rise were resumed. Some te is- ched th bhest | for 9 nd good-sized ins occurred all through the | The rails x group were fully as active ind strong as the indu but the buying was pretty evenly distributed hern Rails Strong. The new high record in the rail way section included Atlantic C Line nd Louisville and Nashville. Merger talk in accompa rise In these ock Also, said that a dividend w prospect for the formel Pennsyvlvania feature at highest for 1 SO we Kansas City Haven, Missouri Pacifie, W nd New Orleans, Texas Me: . Louts Southwestern bash all were The steady other railway ent bullish p way s role in stock holders these and stocks bore out the r tions that the r ks wou an import th n 4 hen the extr month and high had received a wing more data re transpor utlook for the. road and to the of ar rtions Given Boost. with arnin Alon ils the greater | securities were whirl. Brooklyn Manha Interborough, Third Av. and New York Railw ictive than they time. Brooklyn 1y ndustrial took in Consol ven nsit lway, s were more some espe nue is- had Ve Artloom pre- hulte and Postum eal. umed continued its ren \dvancing several my top of last week's 12 point prices Postum was Doints or more above its low of week. General Asphalt common was bid up Other Strong Spots. spots in the industrial | hmann, Montgomery 1 0. and Chrysler Motor was in some | ican Can started in | e selling was referred | ir raid,” but wossip had it | the directors, at their meeting | this month the much-her ed plan. United States Industrial Alco- hol_dropped to its bottom fizure for | 1925 and American Smelti countered some seliing. Amer n_ Tol Products ere while following the nnoun the death of the head of Tobacco. American W s featured the public At its bes Othe: Nst recapi | co and rest shifted to the industrial list Stock B n the course \fternoo 2 ted by a buying wave in the motor shares and in some of the oils. Practically all the automobile stocks gained ground. Their rise was due largely to short covering. In the oils the favorable factors in the trade situation | were receiving more attention. Fresh advances in Pennsylvania and Mid- continent oil prices were anticipated, | and these in a speculative way are quite apt to make themselves felt in | the stock market | The year drawing » a close has been very profitable for the well man- aged companies. Moreover, the sta- tistical position of the industry strong. which augurs well for earning at least during the first half of 1926. WHEAT CLOSE | | | STRONG. High Call Money Profit-Taking. NEW YORK, December 7 (#).—The closing was strong. The upward tend- encies continued unchecked through | the final hour, despite scattered profit- | taking which was induced by a rise in cal money to 515 per cent. Woodworth, United States Cast Iron Pipe and United States Industrial Alcohol en- | countered tional g Cause of Some | ire, points w scored such issue Baltimore and Ohio, Du Pont, Mack Trucks, United States Rubber and Fisher Body, sev- | eral of which sold at the year's high. | est_price tal sales approximated | 2,000,000 shs Markets at a Glance | | | YORK, December 7 | NEW o many rails at 19 5 peak | prices. Am R Am Brwn Bov. Am Can (7). hoe5) Am Can pf (7). fim Car&Fdy (8 ) Am C& Fp?f (7). Am Chicte. Am Chicle ctfs Am Drug.... An: & For Fow Am&F Pt (1). Ari Hide & Lea. Am Hide & L pf Am Ice (8) Am Internatl Am La Fran (1 Am Linsd pt Am Loco (118) Am Metal (4).. Am Radiator (4 ) Am Ry Exp (6). Am Republic. Am Safety R (3 Am Ship&Com. Am Sm&Ref (7) AmS&Rpf (1). Am St] Fdys (3) Am Sugzar (5).. Am Sugar pt (1) Am Sumatri Am Tel&Tel (3) Am Tobaceo(+9) Am Tyo Fdrs(8) Am Type pf (7) | Am WweEL 20 Am W W 18t (1) Am Woolen.. . Am Wool pf (T) Am Writ Pa ctfs Am Zinc. Am Ztne pt Anaconda (3) Ann Arbor. Ann Arbor pt Archer-Dantels. ArmourDel pf(T ) Armour.Il A (2) 11 (B) . Armour. 111 pf(7) Arn Cons&Co. Arncld Con ctfs. | Artloom (75¢). . Artloom pf (7) | Asso Dry Guziy Aes0 011 (2). Atchison (7). | Atchison pf (5). At Birm & At.. Atl Coast L (18) AtIGulf& WI. At’antic Refing. Atlan Ref pf(7) | At Gulf & WIpt Atlas Powdr (4). Atlas Tack...... Austin-Nichols Auto Knitter Auto Sales pf.. Baldwin L (7). Bulto & Ohio(5) Bal& Oh pf (4). | Bang & Ar (3).. Barnet Leather. | BarnsdallA(50c) BarnsdallB(50c). Beech-Nut (13). Belding Bros(3) | Rethlenem St1 Booth Fisher! Briggs MIE(1%) British Empire. . | BkI Edison (8) Bkl-Man Tran. . Bk-Man T pf(6) Bklyn Un G(t11 ) Bklyn Union rts. Brunswick-Balk Brunswizk Ter 138 497 Burns Bro (10)..7119% Burns Br B (2).. Bush Terminal. Butte Cop (500) Butterick. . Cuédo Centras Cal Packing (! | Bur Add Ma (3). | Bush Ter de (7). | Butte&Super(2). Calumet & Ar (4] Calumet & H (1) 4 Can Pacific (10). 146% Caise Threshing. Cent Leather... Cent Leather pf 334 93 18% 86i4 T 16% 26 £ 31% 674 19% 63% Cen RRofNJ t12. 800 Century Rib (2). ~81% Cerre De P (15). Certamn-Teod (4) Chandier (3).... Chees&Ohio (4). 118% Chi & Alton Chi & Alton pf.. Chi & EastIll. . Chi & East 111 pt Chi Great West. Chi Gr West pf. Chi Mil & StP Chi Mil & StP p! Chi & Nwn (4).. but addi- | CMU&SP pt cfs ChiRI&Pac... CRI&Ppt(§) CRI&Ppf (7). 9 C StPM&OpPL(5). 105 Childs (32.40).. Chile Cop - Chino Copper... Chrysler Corpn. Cluett. Peab (). Col Fuel & Iron. (P).— | Coca-Cola (7)... 1 | Colo Southern. .. Bonds firm: French issues continue | Col G & E (2.60). ColG & B pf (7). 112% recovery. oreign exchanges ling slightly lo Cotton higher: trade buy Sugar easy; foreign selling Coffee dull and irregular. CHICAGO. W higher: estimutes Argentine surplus. Corn easy: bearish visible. Cattle weak i Hogs highe; FOREIGN EXCHANGE. Quotaticns furnished by W. B. Hibbs & C Nominal Selling checks | Uvalue. today. irregular; ster- | ng. 1 bullish | London Montrel ¥ nound dollar Brusse! Berlin. Rome o 14 000014 4y | 00014 14 (02961 Col Carbon (4). Coml Cred (1% Com Cr pf B(2). Com Inv (2.50) Com Solv A (4) Com Solv B... Congoleum (2) Consal Cigar. Consol Textll Cont nsur ( Cuba Cane Su.. Cuba Co (4) Cuban-Am S Cuban Domin Cuban Dom pf. | Cudahy Pkg (1) | Cuyamel Fr (4). | December exchanges irregular. Quota eat Britain, demand, 60-day bill demand, Foreign tions (in cents): € 4.8475; bank cables, cables, 4.03%. Sk | ince, Italy. Demand: Belgium, 4. 80; Holland Sweden rland Poland. 13.00; C: Jugoslavia, 1 che Austria, . 47%: Argentina, 41 Tokio, 43; Shanghai, 100 1-32 lovakia 14 Ru- | 06; treal, %: Mon | Davison Chem.. Detroit EA (8).. | Conley (sta).... | Con Cigrs pf (7). | Consol Distribut | Consol Gas (5).. | Cont Mot (80¢).. | Corn Prod (2)... | Coty, Inc (3.80).. | Crucible Sti (4). | Cuba Cane S pt.. |{DRG wstpt... | Devoe & Re Acfs | Dodge Rros Cl A | Dodge nf (T).... | Dome Mines (2). Dul S S & Atlan. 63 524 ATh 8 14% 34 45% 1% | Ch1& Nw pf (7). 118 | Chi Pneu T (5).. 127 474 87% 99% 67 | Cnrysier pf A(8) 108 68% 5% 37T% 63% 79% b57% 53t 26 78% 13430 131% 18 | % 65% 95% 11% 40% 64% 824 10t 454 48Y% 25'% 3% 17% 98'% 4% 26% (#).— | Del & Hud (9).. 146 | Del L & Wn (17) 140% 45% 142% 75 424 87 17% 4% | Dupont deN(115) 285% Duquesne pf (7) 110% Bastman (18) Saton Axle. ... Elec Powr & Lt. 109% 29%, 287 | EP&L Df 40% (7) 106% | EP&L full pd (7 108 WO0OL MARKET DULL. || Eho e BOSTON, December 7 (Special.— The wool market was extremely dull | at the opening of the weck and prices | ghowed little change. Meanwhile some dealers have withdrawn bids previous- Iv placed in the West. Foreign wools | are easier, and the woek opened with Australians at more att than domestics of similar type. ELP & Lpt (7). Emmerson B pf. End John (6). . ErileRR . Erie 1st pt Crie 2d pf. . Eureka Vacu: Fairbks (2.69).. mous Pl (8). active prices | Famous pf (8).. 93% 9% 24% 71 373 434 40%, 52% 187% 49% 248t % 1207 287 106% 108% 43% 79% 25 1% 3T 43% 41 53 110% 126 554 28 106% 108% 9318 78 24% 0% 87 43 40% 52% 51% 25% 504 109% 1107 109% 17 1u7 17 140 49% 219% 120% 110% 126 56 51% 4% 415 | Gen Asphalt. ... | Gen Asph pf (6). | sen Cigar (8). Gen Electric ( Gen El apec 60¢ Gen Motors(112) Gen Mot nf (7).. Gen Outdr A(4). Gen Petm (3)... Gen Ry Sig (w1) Gunbel bros, Ginter (1%) Glidden Co. Gold Dust. ..., . Goodrich Ru (4) Goodrich pf (7). Goodyear pf (1) Goodyr pr nf (8) Gould Cou (1.80) . Granby Consol. . Grt Nortn pf (§) Gt Nor Ore (1).. Grt Watn Su (8) Green Canan.... Guantanamo. ... Mo & Nor. . GuM& N pf (8). Guif States 8 (5) Hartman (2%).. Hayes Whi t3% . Hays W pf(71). Helm Geo (16%) Hoe & Co A (4).. Household P (3) Houston Ofl...... Howe Sound (2). Howe Sound rts. Hudson Mn (2% Hudson Mot (3). Hupp Mot (1)... Ilinols Cen (7). 11 Cent pf (6)... Ilinoic Cent rts Indep Ofl (1).... Indian Refining. Indtan Refg ctfs. Ingersoll Rd (n). Inland St «(2%). Inspiration (2).. Tnterub Rap Tr Internat Agrl... Int Bus Mac (8). Int Cement (4).. In Cement pf(7). int Com Eng (2) Interr-* Har (6) I Inter har pf (7). Int Mer Mar pf. . Tnt Nickel (2)... Int Paper. . Intl Paper pf (T) Tnt Ry Cent Am. Int Shoe (6) Int Te! & Tei Intertype (11%) Jewer Tea. Jones Bro: Jordan Mot (3). KCP & L 1st (7). Kan City Soutn Kan C So pf (4). Kansas & Gulf.. Kayser J (3).... Kayser (J) pf(8) Zelly-Spring. . Kelly-Spring 1st Kelsey Wh (8). Kennecott (4). Keystone T & R. Kuppenheim(2). Laclede G (110). Lee Tre & Rub. . Lehigh Val (3%) Lehn & Fink ctis Lig & My B (14) i | Lig & My pf (7). Lima Loco (4) Loews Inc (2) Lott.. Long Bel Lortllard (3) Loutstana Ol Louis Gas A | Louts & Nsh (6). Ludlum (3..... 56% McIntyre P (1).. 22 Mack Trucks (6) 216% | Macy HR & Co.. 105 Magma Cop (3). 43% Mallison & Co... 224 Man Emd g (5). 44% Man Shirt (1%). 33w Manila El (2%). 34 Maracatbo Ofl... 25% Marland Oll (1%: 39% Malin Rock (1).. 29% Market Street. 7 Market St prior. Martin-Parry(2) 22 Mathieson (4)... 874% May Dept St (5). 135 Maytag (50¢)... 22% Metro G pf (1.89) 23 Mexican Seabd.. 107 Aftami Cop (1) Mid-Continnet | Mid-Cont pf (7). Middle State: 55 24 27 156% 17% 2314 143 434% Minn & St Louts. Mis Kan & Tex. . Mo. K & T pf (5) Missour! Pacific. AMissouri Pac pf. Mont Power (4). Montgom Ward. Moon 2ot (3)... Mother Lode 75¢. Motor Met (3.80) Motor Wheel (2) Mullins Body . Munsingwr (3).. Murray 15 12.40). Nash Mot (116). 461 Vat Acme (sta). i sh & Chat (7). T Biscult (14). \at Cloak (4)... Vat Cloak pf (7) t Dairy (3)... Nat Dpt Stores. . Nat D St 1st (7). Nat Ename] Nat Lead (8).... Nat Ry Mex 1st. Nat Supply (3).. Nevada Copper. . Nwpt U Gas (5) . N O Tex & M (7) NY Alr Brake(2) NYAIrBrA (4) N Y Canners (2). NYCanner pf(7). | NY Central (7). NYC&StL (8) . NYC&StL pf ( N Y Dock....... |\ Y N H& Hart. N Y On&Wn (1). Niag F pf 1%). Norfolk South. .. | Norfk & Wn (18) North A (B3.40). North Am pf (3) North Pac (5)... | Norwalk (1.60).. | Nunnally (1.50).. 0il Well Supply . Onyx Hosiery... Orpheum (1.30). 43 | Otis Elevator(6) tis Steel....... 875 | 3113 Steel pf.. . 174 | Gutlet Co 240% "OWQHS Bo! 110% | Pucific Coast | Pac Coast 1st. .. 1993 | Pac Cst 2d pL(1) 383, | Pacific Gas (8).. Looy | Pacific OIL @) .. 1081 | Packard Mot(2). s,‘.: ! Paige Mot(1.80). Y| PancAmer O).... 78% | pan Amer B (6). 2% .| Pan-Am W (50¢). 714 Danhandle. . ... 344 | Panhandle pf. 41 Park & Tilfor i3 |pathe ExA (cs). o Penick & Ford.. 501 | Pennsy R R (3). 109% | Penn-Seab Steel. 117 | peoria & East. .. PARIS, Decel centimes, francs 97 vere Marq (4).. Pere M prior(5). I'niaCo (4).... Phila& RC&I Philip Morris. .. Philps Jones (2) Phillips Pet (3) Phillips Petrgts. Phoenix Hoslery Plerce-Arrow. .. Plerce-Arrow. pf. Pierce Oll. . | Pierce Petrol. Pitts Coal pt (6). Pitts Ut pf 11.20. Pitts & West Va. Postum (n)..... Press Steel Car. . Dr St Car pf (7). Prod & Refiners. Producers&R pf. | Pub Ser NJ(5).. { Pub S NJ of (7). Pub Se E&G pt 6 Pullman Co (8). i | Punta Aleg Sug. Pure O1l (1%).. Radio Corp of A. | Radlo C pf (3%) *RS I Cefs(4). | Ry St1Sp (110).. itay Cons Cop... Peading (4) | Reading rts Qeading 2d (2). Reld Iem Cm(3). Robt Rels & Co. . Remington Type Replogle Steel. . Rep Ir & Steel. Rep1& S pt (7). | Reynolds Sprogs ! Rey Tob B (3).. Fossia Ins (6).. RDNYali3%. | Rutland pf..... St Josepn L(13). StL & SanFr(.7) StL San F p1(6). | St L Southwest. {StL Swn pf (5). Savage Arms.. . Schulte (§8).... Seaboard Air L. abd Alr L pf.. Seagrave (1.20). Sears-Rebk (6). Seneca Copper. .. Shattuck F G(2) Shell Un pf (6).. Simmons Co (2). Simms Pet (1).. Sinclair Ofl...... Siuclair pf (8). Skelly Oil (2)... Sioss-Sheft (6).. South Port S (8) South Por pf (8) uth Pac (6)... Southern Ry (5). South Ry pf (5). | Spear & Co. | Spicer Mfg..... | Std Gas & E1(3). Stand Mill (6).. St Oll Calif (2). StOIINJ (1)... StOH N J pf (1). Std Plate Glass. Sterling Prod (4) i ! StewartWar(16) romberg (6).. Studebaker (16). SunOil (1)..... Superlor O11 Symington Symington 4(2). Tenn Copper (1) Texas Co (3).... Tex Gul Sul 18% Tex & PacC & 0. Tex & Paciflo. .. The Fair (2.409 Third Avenue. .. Tide Water (1).. Timken Rol (14) Tobac Prod (6). Tob Prod A (7). Transcont Ofl... Underwood (t4) | Un Bag & Paper. Union Ol (1.80) 7n Pacific (10). Un Pacific pf (4) Un Tk Carpf(7). Utd Alloy Steel. UtdCigar (3% ). Utd Cigar St rts. United Drug (7) Utd Dyewood. ... Utd Fruit (10).. Utd Ry Inves pf. U'S Cast Iron P. USCIPpf (7). S Distributing Ind Alcohol. Ind Aipf(7). Realty (10). Rubber..... Rub 1st (8) . Smelting(3). Sm pf (3%). S Steel (17) U S Steelpt (7). Umversal Pipe.. Uvl Pipe & Rrts. Oniver P pf (7). Ut1l P&L 4 (3).. Vansdium (2)... Va-Car Ch(n)w 1 | va-Car Ch (6) pt Va-Car Ch (7) pf Va-Caro Chens.. Va-Caro Ch ctfs Va-CarCh pf ofs Va Iron Coal&C. Vivaudou Vulcan Detin Vulc Det pf (7) Wabash........ Wabash pf A (5) Waldorf (1%).. Ward Baking 4. ward Baking B Ward Bak pf(7). Warner A (1%). Warren Bros(4). Weber (4)...... West Pen (4)... West Pen pf (7). WestPenn pf cfs. W PaPow pf(7). West Maryland. West Md 2d pt.. Western Pacific West Pac pf (6). West Union (7). West Air Br (§). nghs (4).. Weston Elec. | Wheel & L Er! | Wheel & L & pf.. White Eagle (2). White Mot (4).. white Rock (13) wickwire ctfs. willys-Overld. ... Willys-0d pe(7) Wilson Co ctfs.. Woolworth (3).. ‘Worthn Pump. . Worthtn A (7). wrigley Wm(14) Yale&Twne (15). Ye! T & C (75¢).. Yel Tr&C pf (7). Youngstown (4) U u U u U u s s s s s 8 u v u Dividend rates as xiven in the above table re the annual cash pavmente fitect auarterly ‘or h Unless otherwise nof dends_are not includ a Paid this vear. optlonal in stock. sPavable in preferred tock payable 1 ock vavable L moved frregularly on the Bourse to- Three per cent rentes, 46 francs Zxchange ntimes. . The dollar was quoted mber 7 ).—Prices on London, Five per cent centime: 116% 93 56 81% 14% 3% 80% | 1051 98% 162 40 21 46% 46 71% 1 124 584 18% 40 594 | 19 111 15% 59 10% 93 88 65 57% 4678 SEY 85 60% 6% | 80% 1345 52 47 18% 2294 9% 72% | 46% 2614 1045 | 53% 23% 21% 20 314 141% 9215 | 108 | 724 1024 165% 89% 108 45% 434 127 125% | 28% ¢ v TT% 87 3% 20 584 9414 1% % 9 46 24 10 95 41% 72% 174 1943 874 110 19 116 96% 108 167 24% 36% 81 139 123% 4% 17% 293 Sl 27% 84% 39 2% 27% 122% 5% 202% 46% 79% 56 67 29% 95 87 24% 361 81 139% 124 T4% 18 297 52 27% 85% 39 2% 28% 123% 5% 202% 46% 9% 56 69 30% 17% 27% 122 5% 198 46 9% 56 67 29% 95 95 88% 87 27% 1234, 54 199% 46 9% b6 €9 80K 95 884 o 7 Searly ‘deciartions, extra or special divi- . o rezular rate. *Partly stock. stock. auarterly. % auarterly. | Plus | Am Cotton Oil 5s.. 3 |AmT&Tst5s. | Anaconda 1st 6s. } Indiana Steel 6s Argentine 63 A Argentine 6s B Argentine 7i Australlan Austria 7s Youngstn S& T 6s. 26 101% J01% 101% RAILR . Atchison adj 4 ?Ags Atchison gen 4 R9% Atlantic C L el 89% 106% 89% 84k 93 101% 108% 85 89% 89 106% 58% 85 89% R9% 106% 88% 84 9% 92%_ 93 101%7101% 102% 103% 104 104% 87% 8T% 97% 97U T4% 4% 0% 914 % RT% BTG . % 98% 98% 102% 102% 117% 117% 115% 115% R0% RO'4 101% 101% 102% 103% W eTM 98Y% 2% 85% 86 93% 93% 96 96% 169 109 107% 107% 107% 107% 97 R5% 5% 0, ’7% A8 i 100% 100% | BKIvn Manhat es. . 108 t 100% 100% | Ruff R & Pite 4349 103% 103% | Can Nat 4148 30 101% 102% | Canada South 101 101 | Canad North 6348 108t 108% | Canaa North 7 108% 108% | Tanad Pac deb 44 44% | Centof Ga 53 1104 110% | Centof Ga 801 90% 993 99 10 101 101 101% 10814 108% 103% 103% 101% 102 101% 102 103% 103% 103% 103% 96 96% 90 90% 20% 90% 9% 99% 102 108 i 100% 101% 9% 95 9544 K5% & 96 9614 96 96 Ra% RAY% e 9274 854 B5% K% 854 256 25 26% “ 96te 961 103% 104 107% 108 Rl Sl - it 25t Norway 6= 1943, .. 100% 100% | orway 63 1944. .. 100% |(Vl.)l, Norway 6s 1952. .. 161 105 Ortent Dev deb 6s. 845 B4 Paris-Ly's-Med 6s 114 7_?‘1 Paris-Ly’s-MeG 7s. 33 85 85 Paris Orleans 7s Kilg 84| Peru 8s. . 101t 101t Poland 8s. .. Prague 7% Riode Jan 8s 1947, Rio Gr Do Sul 83 Sao Paulc City 8s. Sao Paulo State 83. Srof 5 Paulo rets. Saxon P W 7s. Seine Dept cf 7 Serbs Crot Slo Solissons 68 Sweden 548 ct Sweden 6s. Swiss 5% 1946.... Swiss Confed 88. .. Ud Kingm 5% “29.. Ud Kingm 5%s"37. Uruguay 88 110 110 Zurich 8s.... .. 107% 107% MISCELLANEOUS. | Ajax Rubber 8s.... 13 1614 101 101% Amn Agr Chem 7%s 6 101 103% 104 97 a1 o1 OKY, YRS, O8% 107 10T 102% 162% Relzium 6 Belgium 63 Relefum 7s Belgium 748 Relgium 88 Berne 8s Hollvis Rordeanx Brazil 7s. Frazil 8 Canada 5= 1953 Canada 5168 1929. . Chile 75 1942 Chile 85 1941 Chile 8 1946 .. Chinese Gov Ry §». Christiania . Con Pow Japan 7s. Copenhagen 53u. . Czecho 88 1951.. . Crecho #3 1952 at - Dantsh Munic 8s B Denmark 8s. .. .... DEYIS%s Mch'53 6 DFE15%s Nov ‘53 Potch East 1 65°47 Dutch East I 65" Finlands 7s. - Framerican 7%s. . French 7s French 7% Freach 8. German7a..... Ger Acr Bank 78 Ger Gean Elec 7 Jreek 7s Halt! 6s. Hungary 6%3. . Tapanese 4s. Japanese 8%s. Lyons@s..... Varsellle 6s. Mexico 4s ‘04 asntd Mexico 4% °10 asnti Montevideo 7: . Netherlards 65 ‘54 Vetherlands 63 '72. Ches & O cv 4% Ches& O gn 4 1031 7 103% 6% M & 9 CMAESIPaban.. 15 CM&SP deb4s34ct 4 CM&StPgn 4589 15 CM&StPevaks. 148 CM&SPev 4% 832ef 2 CM&StPgn4ys. 1 CM&StPrf4Yges. 165 C“M&StPevbs. . 101 CM&SP cv 5s 14 efs 31 © M & St P 6 Chi& N W61 Chi& N W 78 ChiRysbs..,. ChiRT&Prt Chi Un Sta 4% Chi Union 3ta 58 ‘44 Chi & W Ind cn 4s. CRWIs%a'a2 Cleve Term 6348 leccastLss CCC&StLrr Colo & Sou 4% Cuba R R b8 Cuba RR7%s Cuba N R 6s 66 Del Hud ev 5a°35. . Del & Hud 534s. . Den & Rio G cn 48, D& Rio G Wat bs. Erle 15t cons s Frie gen 4s. Erie conv 4s A Erteconv 4s B Erle conv 4s D, FlaEC58°74.. Gr Trunk sf db 6s Grand Trunk 7s Great North 58, Great North 5% Gr North gen Ts. Green B& Wdb B. G Mob&N 5B ‘50 Havana ERL&P '50 Hud & Man ref Hud & Man aj 5: [l Central ref 4s. . 11! Central 5%s. . 1! C-C St L&NO &3 Int Rap Tran bs. .. Int Rap Tr 63 stpd. Int Rap Tran 6a Int Kap Tran 7s Int & G Nor 1st 68 Int & G Nor aj 8z.. Towa Cent rf 4s. Towa Cent 1st 5s. Kan City Ft 8 4s. Kansas City 8 3s. KansasCity S 68 Kan City Term Lake Shore 45 °28.. Lake Shore 4s'31. . Lenigh Val 55 2003 Louls & N uni Louls & Nash 7s... Manbat Ky cn ¢s. . Man Ry 2d 45 2013. Varket St Ry 7s... M ElRy & L M StP & SSM 64 8. M & St L 1st rf 4 MK&T4sB...... 16 MK & Tadj bs....315 MK&TprinbsA. 13 MK&TE6sC. Mo Pacific gen 4 Mo Pac 58 1966. Mo Pac 65 49 D. Mo Pac 6s 55 E. Montrl Tm 1st 5 New Or Term 4s. NOTex& M in b3 NOT&MGb6% N Y Cen gen 3% NY Cent 4898 N Y Cent deb 4 N Y Centri6s. NYC&StLdbds. 5 NYChi& StL6%s 10 New Havdeb 45’58 6 New Havd 48°57.. 10 New Havencd §s.. 22 N Y Ont W 18t 4 3 NYRys6s'¢5.... 26 N Y State Ry 4%4s. 5 NY W &Bos4%s. 83 Norfolk & W cv 25 Northern Pac 3s. 9 Northern Pac 20 Northern Pac bs = Northern Pacr | 6s 33 Ore Short L ref 48. 20 Ore-Wash 1strf 48 15 Pennsyl gen 44s.. 6 Pennsy! gen 5y 3 Pennsyl 58 28 Pennsyl 6% 52 Pennsyl gold 7s Peoria & E inc 4 103% 103% | Pere Maraq 1st b v4 = 94 | PCC&StLEsA 100% 100% | Port RL&P 7%s 46. 195% 192 | Reading ren s3%s 99 99 |Iteading J C4s’G1. 101% 101% | RIATK &L 4%, . = StL IM&S 48°29... 9% 92% 100% 100% | St L IM&S R&G 4s. 85 &5 4 102% 102% 100% 100% 101% 101% 115 115 88% 8% 1034 108% 106% 107% 109% 109% 102% 108 103% 103% 944 94k 97% 9% 100% 100% 104% 105 98 98% 101% 101% 99 994 2 c112% 99 99 103% 104 100% 100% 110% 1104 104% 104% 9%4 101 106% 106% 103% 1035 103% 108% 106% 108% wo% 854 107 107 TR 10Tk 10T I 26 87% B87% 874 11 94% 93% 94 54 100% 100% 100% 6 474 87% 874 39 1254 125 126% 107% 103 85% 65% 75 674 65% 68% 82% 95% 106% 116 974 102 1015% 101% 102 102 10176 1017 g 92% 116% 116% | 1184 1154 104% 104% | AmSmit&R1st3s 4 AmSmit&Rés... 2 Am Sugref6s... . 23 &Tcltras.. 42 AnT 58 100% 1007 97% 97% AmT & T deb 53%s. Am Water Wks 5s. Am Writ Paper 6s. 6t $6% 49 49 101% 1014 102 931" 1054 60 524 884 89% 103% 21 804 91% 96% 102% €6 £9% 101% 101% 96% 8414 9614 102 T4 86% 94% 101% 947 98% 65 59% 964 67% 24 56% 68 ue 614 854 97% 108 97 834 937 1024 98% 111% 108% 36% 100% 9054 108 944 90 £9% 95% £8% T 924 994 8l% 824 S6Y B6% 102% 103 83% 83% 90% 90% 85% B3k 83% 83% 86K 87y 95K 96 9% 9T% 86% 86% 88% ¥8% 80% 805 103% 103% 107% 1075 112% 113 87 87 56% 564 42 a2y S1% 914 85% 85% 1064 108 103 103 99% 100% 98 93 98l 98% 93% 98% 67% 67 95% 957 0% 80% Anaconda cv db 7s. Andes Cop 7srcts. Armour & Co 4%s. o 90% | Armour Del 5% Si% 85 0% 99% 100% 1014 | 100% 100% 9tk 96 t6% Bel: Tel Pa 58 B. Bell Tel Pa58C. 5 Beth Steel pm 5a. 3% 92 Beth Steel rf & 95% getn Steel 5% 53. sew | toie teel 8 “ ol ?s:::rsu St1st 6%s 1014 101% Bkiyn £d gen 5s. .. $ 1024 1024 Brooklyn Union 5s. 1014 101% Bush T Bldg 58 '60. 1 97% 974 if Pete 6148, 2 103% 103% on Leth 6345 c 100 1004 Chile Copper 108% 108% Commonwth P 63.. 10214 102% Con Coal Md 1st 5. §2% 82% 82 Con Gas NY 5%8.. 163 104% 104 1044 | Consul 2 97% 97% 974 93% 93%n 93% | 98% 98% Yun 931 93 12 10 6 10S% 102% Cuba Cane avd Denver Gas 8: Dery (DG) 7 Det Edison 5 Dodge wiés. Duquesne Light 6 Est Cuba Sug 7%8 Empire G& F 1% Fisk Rubber 83 Goodrich 6%: Goodyear 8s 1931... Goodyear 58 1941... Hershey 5%8 Hoe & CO 6%4S. .... Aumble O & R5%s Iilinots Bell 1st 63. Illinois Steel 4%8 105% 105% 104% 104% 102% 102% il 114 104% 104% 1o 110 120's 120% | 95t 99% | 95 964 | 101% 101% 100% 100% T 94Tx 9% z 101% 101% 85 8554 94% 95 98% 99 107% 107% 100 100% 102% 102% Int Mer Marin Int Paper 68°47. inter Paper 6 Inter T & T 6% KCP&LtonA'S3 Kan G & E 6263 Kelly-Spring 8s... Lackawa S 58 °50.. Lacl G ref 55°34 Laclede G 5%8 '62. Liggett & Myers 63 Manau Sug sf %8 M1d-Con 6% '40. Midvale Steel 58. Montana Pow 68 Mor's & Co 18t 4 Nat Tube 1st 5 112 108% 364 100 99% 106 Sdv% 90% 89% 95% 88% T4 92% 9944 20 St P & KCShL 4148 San A& Arn P 4s. Seabd A L adj bi Seabd A L con 6i Sou Pacific 48 Sou Pacific clt 4; Sou Pacific ref 4s. Southern Ry gen Southern Ry 1st 58 Southern Ry 6s ot. Southern Ry 6%s. Sou Ry Mobile 4s.. Third Ave ref Third Ave adj Union Pac 1st és. Union Pac 1st rf 4s ot Otis Steel %3 Otla Steel 8 Pacitic Gas Pac T & T 18t 6s. Pac T & T 68"l Pan-Amer Pe Phila Co 5%8'38.. Phila Coref 65 A.. Pnila& RAC&I6s 6 Producers & Rf 8s. 10 Public Service 5. . Public Service Pub Serv Elec 6s. . P Serv Gas 5%s 89 P Serv Gas 5% "64. Punta Alegre 7s. Remingtn Arms o o BRANNEN N BB RES RN e Wabash 538 ‘75, Western Md 4 Western Pacific 5 Whel & LErf 4% — VISIBLE GRAIN SUPPLY. NEW YORK, December 7.—The visible supply of American _grain 5 106% 106% 106% | Shows the following changes: Wheat 2 100% 100% i00% | increassd 1,977,000 bushels, corn in- 2 89% B89% 89k | creased 3,191,000, oats decreased 2,082, 6 102% 102% 102 | 000, rye increased 334,000, barley in- & creased 90,008, Sinclair Ofl Sinclalr Ol Stnelatr O11 7 Sin Crude O1l 6s. Sin Pipe Line Skelly O1i 6%s. So Por Rico Sug 7 Southwest Bell 5a. Sug Est Orlent 7s. Tenn Elec Pow »: { jumped | tations at Liverpool and Buenos Heavy profit-taking sales, however, on | l1owed by "l Swan, Special Dispatch to The Star. NEW YORK, December 7.—Fea- tures of the bond market today includ- ed a brisk rally in French government securities, active buying of New York City Traction issues at higher prices and a renewal of the speculation in certain of the high ylelding rallroad bonds. The recovery in the French group apparently was not in response to any fresh news, inasmuch as there was no corresponding rally in French francs. Nevertheless the French 8s gained neurly a point, French 738 crossed 99 against last week's low of 97% and Frenck: 7s sold at 91 for the first time sincc the weakness which followed the fali of Caillaux. French Cities 6s went along with the government bonds. Among the New York City tractions Brooklyn Manhattan Gs were active, above 91 and within a fraction of thelr record high. Interborough Rapid Transit refunding 5s, stamped, cross- ed 67 in volume, while the same com- pany 5s 6 per cent notes sold above 70, and Third Avenue adjustments gained a half point. Even New York Rail- way 6s were fractionally higher. The leader of the speculative rails was Missouri-Kansas- Texas adjust- ments, which, at 92, were up 2i3 points above the low of last week. A moderate gain was made by St. Louts- San Francisco incomes, and the Erie bonds generally were higher. Announcement of the terms of the Treasury's December financing, name- Iy, $450,000,000 in one-vear 3% per cent certificate of indebtedness, was fmportant new offerings were $4,000, 000 Kitingon Schild Co., Inc., deben- ture 6s, to vield 6.20 per cent, and $1,600,000 National Press Building 7s at par. WHEAT HIGHEST OF YEAR TODAY General Buying Due Largely to Foreign Cables—Corn and Oats Up. By the Associated Press. CHICAGO, December 7 today to above any which May delivery and Jul heretofore attained this season. — Wheat prices had account of strength displaved by quo- ires. the bulge in alue here a sethack that went well below The opening. 1% to new stvle—December, and May, 1.75% to 1 was fol- a reaction to 1.76 for De cember and 1.741; for May, but then by a rally of about 1 to 2 cents. Corn and oats went up with wheat After opening at 1, to 1 cent gain, May, 841; to 84%, the corn market sagged a little and then scored a fresh advance. Oats started 4 to 1 cent higher, May, 457 to 46, and later held near to_initial figures WHEAT— Open. Dec: (newi.. 1983 et G May (i) WiE e 'ORN-— December . Eif4 iy OATS— December gave the market in 14 cents higher. to 1.80, Hich. 0 NEW YORK BANKER TO HEAD INVESTORS Ray Morris Will Be President of National Association in Ses- sion in Florida. By the Associated Press. ST. PETERSBURG, Fla., December 7—Ray Morris of the banking house of Brown Bros. & Co., New York, will be the next president of the Invest- ment Bankers' Association of Ame ica, members of the board of govern- ors said teday. Mr. Morris is unop- posed for the office and will succeed Thomas Dysart of St. Louis. Other new officers are: Vice presidents: Arthur H. Gilbert, Chicago: Pliny Jewell, Boston: John W. MacGregor, Pittshurgh; Tom Smith, St. Louis; Eli T. Watson, New Orleans: secretary, Frederick R. Fen- ton, Chicago: treasurer, Frank M Gordon, Chicago: governor (two. term), Clarkson Potter, New York, to succeed Plerpont V. Davis, New Yor governors (three-vear term). Sigmund Stern, Kansas City; Caroll J. Waddell Philadelphia; R. A. Wilbur, Clevelan Alden H. Little, St. Louis; Joseph R. New York: John P. Baer, Balti- more; J. H. v. Toronto, Ontario; Charles T. Sidlo, Denver. BIG TANKER BRINGS OIL. Special Dispatch to The Star. BALTIMORE, December 7.—One of the largest tankships that has been to is the Chester Sun, from San Pedro, Calif. The steamship welghs 10,600 tons, is 445 feet from stem to stern, with' 39-foot beam, and drew 30 feet when she came fully loaded up the Chesapeake Bay. She brought 2,576, 000 gallons of gas oil to a local oil plart. A contract for 19,000,000 gallons of gas ofl for a Baltimore concern and a Richmond company will bring this or one of her sister ships here five more times this year, officials say. The Chester Sun is one of the four largest tankers afloat. LIVE—POULTB.Y S:I‘VEAD‘L CHICAGO, December 7 (#).—Poul try, alive, steady: receipts, 10 cars; fowls, 17a243}%: Springs, 25: turkey: 30; roosters, 16; ducks, 18a20; geese, 16a18. é —_— HOLIDAY SALES SLOW. NEW ORLEANS, December 7 (Spe- clal).—Sales of Christmas goods in the rural districts of Alabama and Mis- sissippl_have not come up to expecta- tions. The negro cotton farmers and pickers have been putting their money “into _the lower-priced motor cars in- stead of clothing, dry goods and gifts. MONEY RATES HIGHER. NEW YORK, December 7 (#).— Call money firmer; high, 5%: low, 5; ruling rate, 5; closing bid, 53; offered at 5% last loan, 53%: call loans agal; acceptances, 412; time loans mixed collateral, 60-90 days, 46 months, 4%a5; prime mercantile paper, 4%. what had been anticipated. The only | The | advance was due to general buying on | Baltimore Harbor is docked here. She | The Treasury made public today its December financing, which tak form of an offering of one- per cent Treasury certificates of i debtedness, dated and bearing inter est from December maturing De cember 15, 1926. The amount of the offering is for $450,000,000 “or there abouts.” The Treasury will accept in y ment for the new certificates Tre ury certificates of indebtedness of maturing mber 5 % per cent ’ notes of serfes B-19: cember 15, 1923. iptions ch payment is made in cer notes maturing December 15 will be given preferred t De for and 1925, ment. About $480,000,000 of Treasur notes and Treasury certificates of in debtedness hecome payable on cember 15, 19 The present of is intended, with the balances alrea. on hand and the December tax ceipts, to cover Federal further ¢ requirements until March further financing will be nece Return offered by the new held fair in local financ HThis becomes evident wh son is made with other ligations, nan the Ic ury 4s of 1944 ¥ on a basis of eptember turning 3 n co g-terr . which . and the 41, next, which The n 1000 of 7 l)mxpk | which | present site of the ‘lThl\ is the first fin | written by the & | The bonas The ¢ | office bu: {ing mor rentable | appraisal | leases a | the prope: New SR 1 applied for ulated to b £1,040,000, equal, it 11 balance after a charges, includ- 1 is said | all expenses | ing bond interest | Insurance Man Honored. i Holcombe (i. Johnson, s ner of the local insu Johnson & A trustee of t of Am | the fe ance firm some cases | Saturday’s finish. | Radio Industry Grows. arka | dio industry in reflected in a I nick & Dor lana v | vear of approxi increase of 60 per comparing wit 1921. There were 3.750.000 sets in use ir | 1924, while today it is estimated tha | figure has reached 5.000.000. The de | velopment has not been confined to | sales in this country, it is sta orts of radio products for the f alf_of 4 nted | 84,068,442, with shipments to 1 coun |t for Trust Executives to Meet. Trust compa United States | anual banquet | Hotel. executives of il hold tk the on February 18 president of the | ican Bankers' As: { man of the committee | ments, announces. The { State Bankers’ Association has decided to omit its customary banquet this vear, leaving the trust company func ‘Hnn the only large financial gather- | ing of this cter to be held in the metropolis this Winter. The banquet will come at the close of a two-day session of the seventh Midwinter conference of the corporate fiduciaries of the country. Railway Common Again Climbs. Sales of 40 shares of common stock | of the Washinzton Railway and Elec- | tric Co. resulted in another new high | for the stock this morning, the peak 250 being reached on the conclud | ing sales of 20 sharcs. At this price | the issue returns exactly 2 per cent Potomac Electric Power preferred | maintained a steady tome at 1041 { with the interim receipts of this stock | selling at 103. Railway preferred was { firm at 90%. but Lanston Monotype | was off slightly to 84%. Capital | Traction trading was restricted to 2 shares at 103. WALL STREET ISSUES PRESS CLUB BONDS Public Offering of $1.600,000 Made Today to Finance New Building. on New York {of | The first financing operation ever underwritter. in Wall Street in the interest of a press club made its ap pearance today in the public offering | of $1.600,000 of T per cent general mortgage bonds of the National Press Building here. The offering is made simultaneously in several cities b: group which™ is headed b: roud Kurtz & Co.. Inc.; Love, Macombe: & Co. and F. R. Sawyer & Co.. Inc. The bonds are priced at $100, to | vield 7 per cent. The National Press Building is to be erected in Washing ton under auspices of the onal Press Club. The National Press Club acquired a site of about 42,500 square feet at Fourteenth and F streets. On th site will be erected the largest office building in Washington, having an appraised valuation, with the land, of 9,250,000 and standing 11 stories high. It will contain over 200,000 square feet of rentable area, or enough for about. 750 suites of offices, and in ad dition will house one of the Nation’s largest theaters. Applications have Iready been received for 600 of the 50 office sultes from principal Amer ican aM forelgn newspapers and their representatives. The Fox The. | aters Corporation has taken over the theater under a long-term lease. FISK EUBBF:B‘S PLANS. | NEW YORK, December 7 (Special). 'he accumulative unpaid dividends | on first preferred stock .of the Fish Rubber Co., now amounting to $26 a share, are offered to stockholders on a basis of $1 cash and $25 in a first preferred convertible stock, and the payment of dividends is not to be made through the issue of a short- term note. NEW YORK, December 7 (Special).— The week opened with the market quiet for cotton prints and steady for raw silks. Prices were unchanged,