Evening Star Newspaper, December 11, 1925, Page 30

. I FIN ANCIAL. THE EVENING STAR, WASHINGTO NEW HIGH LEVELS INSTOCK MARKET Score of Issues Advance on Favorable Reports in Business World. BY STUART P. WEST. Specal Dispateh to The S NEW YORK. December 11.-—The volume of business and the number of fndividunl as compared with v increased on the today as the aracter of the marl oncern ed. there was little change. The fear, often expressed, higher wk Al 1 > more was passed, e of fav nnouncement distributions, ot ul v of the effe Trading Is Varied. th was widely distributed over d railws ons ¢ v pment in an went in the some of th top fizu Louis South it Louisville 2 with them American favorite and rec established by Consolidated Cizar, Devoe 1ds which an initlal ividend of 60 cents a share Asphalt on t. Gener: » Sk . which upturn; Texas and p several more 1e series divi re. the re garding o optimistic ditions by sury, had a dend view quit £ real ir industry hid up s vear. Am Coast Line and St were promi Nashville went : the industrial ticipation equipmer rails were wes and In list United Which sprang forws rt Warner ind Ame wrtment Works 1z undt spo 1 Ch on Ce in sympathy ernational Bus sebuck and th Kelsey Wheel Machine rs 1 Air Brake an the fort} recapit inter ng plan irding this stock ¥ on what was i sized short in- m on December 11 (#) Week end wp recessions indus me list of was firm caused sh the leading this development buving power in <. Among the favored were Atchison York Central, Chesapea and Norfolk and Western, Iilin ntral and Nickel Plate, ali of whi ved up smartly. Atlantic ( ne extended its rise 9 points to tal approximated 1,800,000 ares. trated « h sules active in a wide The rapid ad- il issues st c supply ast Line nd bein: ground b th a Pools were azain sortment of is in some of the r gested a limited floati stocks, Atlan p nearly 7 " in to new hizh & Ohio, St. Louis nd Nashville ferred Company led the ialities by Jjumpir ter \\I;IL\ ital Can Asphalt o) woving 1 1t Ne Foun points, Gr red and - previous 1t common and Steei all eclipsed the high prices. Tarkets at a Glance ®).—Stocks firm: t rails at new highs Bonds steady: convertible issues : tive. Fo exchanges mixe French francs drop 10 points to 19 low. Cotton barely steady: foreign selling ir lower: trade selling Coffee : lower Brazilian markets CHIC »—Wheat weak: bulls loadir Corn barely steady: ther. Cattle easy. Hog all interests buying WILL vSPENb MILLIONS. BIRMINGHAM, ). Te tailroad Co., Steel ed that once on improvements and 1o its properties here, which would run into millions. No statement was as to the contemplated expendi- but it is understood the total will run about $10,000,000. NEW YORK many investme sreign sod we weak; Al nnessee Coal, December 11 he Iron and subsid Corporation, today noun work would start at BUTTER LOWER TODAY. CHICAGO. December 11 ter, lower; receipts, 3,844 tut ery extras, 48: standards, 44% firsts, 45ad7; firsts, 43ad4; 4lad1%. LS, But m extra seconds, lower: 41242 tor extras, receipts rdinary 3414 TEXAS SHIPS CARROTS. NEW YORK, December 11 cial)—Texas bunched « and beets appeared in the New York mi ket today for the first time this sea- son. Sales were made confidentially at $3 to $3.25 per bushel ket for the carrots and $2.75 to §3 for the beets (Spe- FOREIGN EXCHANGE. ‘Quotaticns furnished by W. B, Hibbs & Co.) gl ominal Selling checks London. pound Rome. Zurich. Athene, irid franc. dra ran % rown NEW YORK, December 1 Foreign exchanges irregular; tions in cents: Great Britain, demand, 5: 60-day bills _on nce, demand, . demand, 4. Demand — Bel xmum 80; Holland, 40.04; sweden, 26.7412: Den- d, 19.28; Spain, Poland 00 ugoslavia Argentina , 431%: Shang: 991516 P).— quota- \'mlfla 11.30; Bmzl Montreal, Ludlum | ¥ of the United | additions NEW YORK ETOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Close. | M 124 a 8 111% 10% 115 121 2% 278 Oven. High. Low. Closs. 103~ 1031 103~ 103% Gen Electric (8) 319% 323 818% 319 GenFlspec60c 11 11w 11 114 Ger. Motors(112) 118% 118% 117% 118 Gen Mot pf (7).. 114% 114% 114% 1144 Gen Outdr Adv.. 284 28% 8% 284 Gen Outdr A(4) B1% Bl 62 Gen Petm (3)... 514 5i% 63% Gen Ry Sig (w1) 74 3% Gen Ref-ac(2).. 45 45 Gimbel bros. ... ‘76'4 76% Ginter a%).... 484 48% Glidden Co. 250 25% Gold Dust. 45 45% Goodrich Ru (4) 64 « 64% Condyear nf (1) 10ns 106% Gotham S i 10% 408 o |Gotham pf (7). 100% 100% Gould Cou(1.80). 20 20 Granby Consol . 20% 2014 Grt Nortn pf (5) 78% N Gt Nor Ore (1).. 25% Grt Watn Su (8) 974 Gulf Mo & Nor. 34%4 Gu M & N pf (6) 106% S Srates GV 91 Gulf Sta 1st (7). 107 Nortman (2%).. 35% Taves WhI 3% 45 Helm Geo (16%) 176 How & CoA (4). . 20% Household P (3) 45% Houston Of1. . . Howe Sound (2). Howe Sound rts. Hudson Mot (3) Hupp Mot (1).. Minotx Cen (7). 111 Cent pf (6). nder O1 (1) . Tnd Motrev (50¢) ndtan Refining Indtan Refg ctfs. Inland St (23%). Tnapiration (3) Interub Rap Tr. Internat Agrl nt Bus Mac (8). Tnt Cement (4) Tn Cement pf(7). 1 Fne () Tnter Har (5).... Inter Har pf (7). v Mer Martne Tnt Afer Mar pf Int Nickel (2 Oven. Hizh. ADbitibl Pow (4). 7% 734 Ahumada (t1).. 9% 9% Afr Reductn(15) 11l 112% 111% Ajax Rubber.... 104 10% 10% Allled Chem (4). 113 117% 113 Allled Cm pf(7). 121% 121% 121 Allls Chalm (6). 90% 91% 90% | Am Agricul Chm 21 27% 27 |Am aceumapr . 80 Rl 80 {Am Bank N (18). 200 200 200 Am Paeak 3274 S3% R2% Am Brake Sh (6) 143 143 Am Brwn Bov... §0'% Am Brown Bopf 93 Am Can 47y 238% Am Car&Fdy (#) 112 Am Chain A (2). 211 Am Chicle. .. .. Am Chicle ctfs Am Drue. Am Bxnr A & For Fow Am & F P ot (1) Ar Hide & Ter Am Hide & L pf Am Tee (%), Am Tnternatl Am La Fran (1) Am Toen 410y | Am Marnr (43 Am Metal nf (7) Am Padiatar (41 Am Renublie Am Safery R (1) 4m ShineCom. Am SR Tae 7y AmS &Rt T) Am S Fave (3) | Am suear (5) Am Snear nf (1) Samarra Am Sumatra pf o T R AT (9 Am Tobaceo (+9) Am Tohac B(+a). Am Tehar nf (6) L WWRE 20 Waotan Waal nf (7Y Am Writ Pap pt. im Zine Sm Zine pf tnaconda (3} \rehar-Dantate ArmonurDs! nt(7) Armour.Ti A (2) Armour.1 (B) Arh CanatCo tena1a Con etfe “rtlnom (7% | Artloom of (1) Art Metal (1). Nes0 D@ 1er(f) Asso D G 24 (7). Lean O M \tehison (7). Atchison nf (%) At Rirm & Af] Const T, A Gl e W T [atigmta wint Aflaz Tack..... Austin-Nichols Paldwin L (71 Rultn & Oh10(5) Ral & Oh of (4) Ranc & Ar (1) Rarnet Leather Parnsdal’ A (500) 1B (500) Zen Cigar (8) 45 6% 484% 64% 106% 41% 20 20'% 1 FOX 1174% 115% % 61 3 129 113% 43% 7% 10 1 105 1443 114% 1 1074 33 1067 118% L 118Y a3 20 125 1% 43 261 2 167% A e 1% a, a 48% i) £7 105 Int Paper 15t pd. 1t Paper pf (8). Int Taver pf (1) Tnd Ref pf (7). Int Shoe (6)..... e el aTel (8) 113% Ll 134 102 107 8814 a8% 10 100 10614 jewel Tea crdan Mot (85 49 8% o 41 ser (J) pf(8) 102 Spring. 167 pring pf. Kelsey Whi (8). Kennecott (4). licavstone T& R | Kinney pf (8)... iresze Dept S.. Laciede G (110). Tlehth Val 51y Lehn & Fink c I s sy B era) | 1z & My pf (D). { Lima Loco (43. T news 1ne (2). Loft.. | Torthar | floutstana ON1. | Touts Gas A 175 euls & Nan (8) Tudlum (2 MeCrory F 1%.60. Mentere P (1) Vack Trucks (8) 214 Mack T 1st (7). 110% \aey HR & Co.. 1047 Macy pf (7). Vtarma Cop (3) e | Man- Man Thirt pirt pre7). 1 98 Vo245% 1814 0% 129 67 484 5115 241 124 oAk 100% 324 15515 %3 Relding Bros(3) Pethehem Q1 Reth St1 pf (7) Rooth Fisherles Botany A (4). Srfews MOE () 1) Rkl Edison (8). Pkl-Man Tran Pk-Man T nf(6) Bklyn Un G(+11) mklyn Union rts iff. Roch & P(2) Buff & Susq pf RBurns Bro (10). Rurns Br B (2) Bur Add Ma (3) Bush Terminal. . Bush Ter de (7). Rutte Cop (50¢) . Butte&Super(2) Butterick. “~ucdo Centr: Caul Packing (8). | Cally Pemnt (2).. | ~almhan Zine. Calumet & Ar (4, Can Pacific (10). | Case Threshing | Case Thresh pf.. Cent Leather. .. ~ent Leather n* Fenturs Rib (2). Cerre De P (15). Certam-Teea(s Chandler (3). Chees&Ohio (4). C & O ctfs (4) Ches&O pt(6%). Chl & Alton. ... | Chi & Alton vt | Chi & East 111 pf | Chi Great West. | ChiGr West pf... Chi Mil & StP.. Chi Mil & StP pt C,MII&SLP pf cfs Chi & Nwn (4. ChiPneu T (5).. ChiR1& Pac CRI&PoDf (6). ChiStPM&O.. C StPM&OPL(5). Chile Cop (2% ). Childs ($2.40)... 66% Chrysler Corpn. 218 Chrysier pt A(8) 108% Ciuett Peab (5). 68% Coca-Cola - a5t Col Fuel & Iron. 39% Col G & E (2.60). 804 Col G & E pf (7). 112% Col Carbon (4).. 57 Coml Cred (1%). 54 | Com Inv (2.50)... | Com SolvE..... Congoleum (2). | Consat Cigar..... Consol Distribut 0 497 100% “0ta 804 124% 36% 0 23 8 234 36 115 1164 P 23 B 29 2114 954% 187 2 130 L | varein-ea hieson (1)» ay Dept |2 (5) | Maytag (50¢) \retro G pf (1.8 \fexican Seab: \fiwmi Cop (1).. \fid-Continnet. | \riadle States. \tinn £ S¢ Louts | MStP&SSM H(4) Mis Kan & Tex. Mo K & T pt (5) \issounrt Pacifie. | Missouri Pac pf. \ont Power (43. \fontgom Ward. \Toon Yot (3) Mother Lode 75c otor Met (280 \fotor Wheel (2) Srttine Rodv. . Mullins B pf (8). . > a0s ‘z 4% 1461 Fdm 100% | 19": 146 64% 9915 1 2% 62 a14% 89 40 89U R T9% ’(fl 51% 414 83% . 20% 1915 85 L1 P 201 ! 19 851 e 185 19 18% 747 12415 167 b5l 107 21 h & Chat (7). Acme (ata). Nat Biscult (14). | Nat Cloak (4).. Nat Dafry (3) . Nat Dot Stores Nat Distillers. . Nat Distillers nt Nat Enamel & 8. Nat Tead (RY. Nat Lead pf (7). Nut Py Mex 2d. Sanmry (9 185 0 71 1641, 116% i NV Air Brake(?) N Y Air BrA (4) N\ v Canners (2). N Y Contral (T) NYC&StL (6. N ¥V Dock. . . N Y Dock pf (5). LY NH & Ha N Y & Harl N Y & Harl (5) . N Y Cn&Wn (1). NY Rys part cfs. % Vorfolk South... 39% orfk & Wn (8) 147 North A (B3.40) €673 | North Amnf () 49% | NorthAmEd pf 7. | North Pac (5). Norwalk (1.60V | Nunnally (1.50).. | 011 Well Supoly. 101l Well S pf (T) Onyx Hoslery. Oppenheim (3).. 4914 | Orpheum (1.30). 29% | Otis Elavator(6) 131 | Otis Steel 12% Outlet Co. . 51% | Owens Bot (14). 67% | Pacific Coast.... 38% Pacific Gas (8).. 133% Pacific O11 (3)... 60% | Packard Mot(2). 40% | Paige Mot(1.80). 28 Pan-Amer (). 748 Pan Amer B (8). 77% Pan-Am W(50e). 42% Panhandle. .. 475 Park & Tliford.. 28% | Pathe Ex A (c§). 783 Penick & Ford.. 18% Penn C & Cke. 16 | Consol Cont Can 4). ... | Cont lnsur(l).. 130% Cont Mot (80¢). Corn Prod (3)... Coty, Inc (3.80) .. 5 | | Crucible St1 (4). 82! ¥ 2 9% 44 48% 25 3% 984 6% % 165 27% | Cuba Co (4). Cuban-Am S (2). | Cuban Domin. .. Cudahy Pkg (7). Cuyamal Fr (4). Dantel Boon Davison Chem.. 37% Del & Hud (9).. 148 Del L & Wn (17) 140 DRG Wstpf... 45 Detroit EA (8).. 139 Devoe & Re Acfs 179 Dodge Rros CLA 43% Dodge pf (7).... 8T% Doug Pectin (1). 19% Dul SS&Atipf. 6% Dupont deN(t15) 234% Duguesne pf (7) 111 | mastman (18) Eaton Axle. Elec Powr & Lt EPRL pt 40% (P) 1083, [ P&LptTY . 93% Elec Stor Bat(f). 8% | smierson Brnt. 15 n 5 ? ’E:'l’:ll'(r!.lo. 7w | Pennsy RR (3). 52% | Erie 18t pf. 43% | Penn-Seab Steel. 2% | Erfe 2a pf. . a1 | Peoples Gas (8). 118% | Eureka Vacuum. 53 Peoria & East... 19 ks (2.60). 51 ere Marq (4).. 82 e ity 109 BaradarprS) o Famous pf (8).. 116% R | Federal Lt *1.40. 3% oy S EeRER 5 Philip Morrls... 20 | EeaDTHERTICR.- 9736 Phillips Pet (3). 4% | Fianer Body (5). 100 PhillipsPetrgts. 114 [ IR Eubbee 2. 32200 Plerce-Arrow... 36% | Fisk K 1st pf (1) 112 Pierce Ofl 1 ‘ Fielschmann (15, 148% EHsn e ae Foundation (¥). 147% Pitts Coal 39 EoIn B CEts. & Habie Pitts Term Coal. 55 [ Eox Kl y 8% Pitte Ut pf 11.20. 15% | Erank-Si pf (1). 103% Pitts Ucfs 11.20. 14% Freeport-Texas. 20% 114% Gabriel A (2%). 87% o1% | Gardner Motor.. 1 57% Gen Am Tnk (3). B5% 81 Gen Asphalt.... 67% 14% Gen Asph pf (6). 106% 32% 105 37 2% 118% 19 82 73 89 663 44y 20% a4y 1 361 1% Ay 40 56% 154 14% 116% 91% 8T% 81% 14% 32% Press Steel Car.. Pr St Car pf (7). Prod & Refiners. Producers&R pf. 667h 106% 109 - 73% | 264 | ass | 101% | 67 | W) 221 | VALUES IRREGULAR Buying and Selling Orders Equally Divided—Drop [ in Francs Noted. BY T. HUGHES. | Spocial Dim to The Star. I NEW YORK, December 11.- Today price cha in listed bonds were not large but, there was a better mar- ket for new offerings. | 1t was understood that the $18,000, 000 Massachusetts offered 1y, had been oversubscribed The new $10,000,600 Inter. national Power Securities Corporation 61as, marketed today at 93% to vield 7 per cent, were also heavily oversub. seribed. In contrast to this good ab. | sorption of comparatively hizh-yield as blgs, investment fssues were in supply fully equal to the demand and in sem there were tional such bonds as Rock Is 4s and Color ertys and Treasury ularly without lway or the other. Amonz the speculutive rails feature was a brisk run-up in Cent and o smaller al 48, both bonds favit and obligations of |of the Minneapolis and st A weakening In | noticeable in French below 102, against a }days ago of wbove 103, mpathy with s moved definite trend ir one the Towa n in in de subsidiary Louis. &5, which got high of w was, of course, the slump in change to around low for the ¥ zil bonds very ‘strong, but failed to get above the recent high. rallied to above par Austrian 7 984 RO, i Pullman Co (8). Punta Aleg Sug. | Pure Onl(1%). . liadto Corp of A. Radio C pf (3%) *RSLICefs(4). StiSp (110). iay Cons Cop. uding (4). Readin rts. Reld Iem Cm | Robt ets & Co 18% | Robt Reis Ist pf. 82 Remington Type 116 | Replogle Steel.. 154 Rep Ir & Steel. . 611y |Repl&Snt (7). o4 | oldx Sprags 10' v TobB (3).. 93 IRDNYal73% 5% Josepn L(13) 44% tL & SanFr(i7) 98y 297 4678 170 12 87 194 5915 ) | Schulte (§8). . | Schulte pf (8)..". | Seaboura Atr L. | Seabd Air L pf.. greve (1.20). ). eneca Copper-. natiuck F G2y Shell Tl.n! 2.16. {Sheli T i 1.40) hubert Theatrs Simmonsi Sitiae Fet (1) ‘nciair Ofl. . . tnclatr pt (8) kelly Ol (2)... | Sioss-Sheff (8% 115% 51 49 ¥l 105 4 | S'oss-She pf (7). | South Port S (6) R P buthern Ry (7) | soutn 1ty pa oy Spicer Mfg. . 2| 5td Gas & BI3Y. { St Ofl Calif (2) StONINJ ()., | StOl N T pf (T) | Std Plate Glass. StewartWar(f! | Studebaker ( | Stromberg (6) | Submarine Boat. Sunotl (1) | Supertor O1 | tweets otAmer.. Symington. .., .. Symington A (1) ITelnnmsvh (%) Uenn Copper (1) .. | rexasCo (). | Tex Gul Sul 18% | Tex&PacC&0 | Fex & Pacific. .. *Tex Pac Ld Tr. The Fair (2.40).. | Tide Water (1).. Tide W O11 pf(5) Timken Rol (t4) Lfobac Prod (6). Tobacco Pro rt fub Prod A (7).. franscesc Ol Twin City (4)... Underwood (4) Cn Bag & Paper. Cnion Ol (1.80). ‘n Pacific (10). . | Un Pacific pt (4) Un Tk Carpf(7). Utd Alloy Steel. UtdClxar(*3%). Utd Cigar St rts. | Cnitea brug (7, GtdDrug 1st 33 Utd Dyewooa. | Utd Papbd (50c; Utd Ry Iuves pf. G'S Cast Iron P. U S Distributing 14 ‘0\6 1 52 17 337 851 | 5 Hoffman (3) 1nd Alcohol. U S Smelting(3) USSmpt (3%). | US Stesl 11)... | U S Steelnf (7). | U'S Tobacco (3). Umversai Pipe.. Ovl Pipe & R rts. Oniver P pf (7). Ut PAL A (3).. ¢anudium (2) Waldorf (1%) Walworth (1.80). Ward Baking b Warner A (1%). er (4)... tPen (4)... 124 t Penn ctfs.. 123 WestPenn pf ofa. o7 West Maryland. 16% West M 2d pf.. 23l Western Pacifio.. 36 West Pac uf (6). B80% Western Un (8).. 135 | West Aur Br (65, 124% tinghs (v).. 173% ‘Weston E.ec. 19 Whee! & L Erle. 203 Woeel & LEDL.. 49% White Eaghe (3). 274 White Mot (4).. 84 Wickwireotfs... 2u Willys-Overld. .. 27% Willys-0d p(1) 121% Wooiworth (3).. 200% Wright Aero(1). 284 Wrigley Wm(14) B5% Ye! T &C (T6¢).. 29 Youngstown (&) 88% Dividend rates as given in the above table are the annual cash payments based on the Tatest quarterly ‘or half vearly declarations. Unless otherwise noted. extra or special divi dends are not included. a Paid this year. nio recular rate. ontional in stock. *Partly stock. cxtra. le in preferred stoc) 4% I stock pavable 17 auarterly. 8% In stock pavable 1% % auarterly. 23 19% 91% IN'BOND MARKET ing securities, the seasoned high-grade | 1 | (MMTe Aa 1941, rench bonds, most | continued | much | | Am Smit & R . | Brooklyn Unfon 5 158 | C D. ¢, FRIDAY, DECEMBER 11. 1925. FINANC IAL. | N NEW YORK BONDS STOCK EXCHANGE | | Received by Private Wire Direct to The Star, Office. Sales. High. Low. Close. 6 104% 104% 10 14 91 % 90 90% 107 107 107 106 105% 106 95% 95% 96Y | 104% 104% 104% 7% 1711 944 93% 94% 100% 100 100% | 1% 111% 111% 106 106 106 102% 1024 1023 | 994 99% 994 UNITED STATES. 1Sales are In $1.000. High. Low. Close 99 2o 9924 99 28 10128 101 26 101 28 100 21 100 22 100 30 100 30 101 3t 102 16230 10239 1069 105 i3 | Unitea Drug U S Rub 1st r U S Rubber 7%s. USSteels t6s Utah Pow & Lt Va-Car Chem 7s. Warner Sug 7s ‘39 Warner Sug 7s '41. West Elec bs. Westn Unton Lib3ys... 6% Lib 18t 4%3 8% Lib2d 4%s. 143 Lib3d4%s 61 Lib 4th 4% 275 102 US4sis4s. 13 10231 US4us’sz 13 10613 FOREIGN. | Sales. High. Low. Close. 2y 96% 96% 96 95 95% 95% | Winchester A 714 101% 101% 101% 2t 96% 00K | Youngstn S& T és. 58 101% 101% 101% | L] 06 G6% i 26 101% 102 RAILROAD. | 97 97 | Atchison ady 4 85% 99% 100 | Atchison gen 4 89% | 45% | Atlantic C L el 43 8% 997 | Atlan C L 438 '64. iy #6 | Atiantic CL 7, 109 934 | B & O Gold 4s. 8914 g8 1% 109% s | Hios 102% | a7 102% e 104 0% 881 10244 sal 103 4% 102% 4L 100% 874 | 1025 f1% 10R% 107 L] 117% 20% 155 9% eyl 100% 102% 101% 101% 108% 103% 101% 101% —aaRatansree 3. Argen 6s Ju '59. Wilson & Co 1st 6 Argen 65 Oct '59... Argentine 8= A . rgentine 6s B rrent! Austral Austria 7 | Rank of Chile §5% Rank of Japan & Relztum Relgium 8%, Pelztum Qeiglum 7 Relgium 88 n L mrazil 8o ~annda K k | Fanada 514x 1929, “nila 7s 1948 { Fhile 8% 1926 B & O Toledo 4 Hkivn Manhat §a. Ruff R & Pitt 434s. Can Nat 4%s 30 Canada South 5s. Canad North 634a. Canad North 7; ~anad Pae deb 4n Car Clinch & O 5s.. Car Clinch & O 6s Centof Ga5xe. ... Cent of Ga 6s. 2 | Central Pactfic 4n Cent Pac 15t 68°90. Ches & Ocv 43 Ches& O gn 434 (hes & Ocv bs Chi & Alton 3148 ChIB& Qlstre b CB& Q- 3%s & Elgnbs B Great Went 43 © M & Puget Sd 4 A& StP 4s CM & SIP s 25 ef: CM&StPdb s M & StP gn 48 CM&StPov s CM&SPev 4% s32¢f CM&StPgn4% CM&StPrray ~M&StPovbs CM&SP cv bs 14 cfs Chi & NW gn 3% Chi & ChilRywss. 270 2 | TR RT&Pre4n... 21 | TITH&SEbs... b [Nt Un Sta 436s 2 Chi Unfon 5ta 53°44 18 Chi & W Ind cn 4s. CA&WIb%s ez, CCC&StLrf63A Cleve Term b8 Cleve Term 54 Colo & Sou 4%s 100 | Cuba R Rbs. . 9% | Cuba RR 7%e : :fi;cumsnssc ; Parte Orleans7s tota | Dl Hud ev sa'3s. . o, ; @74 | Den & Rio G on 45 EpienE e | D&RIoG tmp 5s... N & Rio G Wat bs | ragiie %8 Des M & FtD 4 2ue:::;:;: [ | Erte st cons ¢» | Frie gen 4 Rio de Jan 8 1 e conv 48 A. Pl de Jan Re 1 conv 43 B Sao Pauic City 8; | Erie conv 4s D. xon P W 7 Fla EC 5874 Jne Deut ~f T8 Gr Trunk sf db | Serbs Cror Sio Great North 53 Sofssons 68 - | ireat North 5% Sweden Al4sct.... ! ¥ | 5r North gen 78, Sweden 6s. 1 i 4 Green B& W db B. Swiss 5% 1946. .. 103% [uncxmguuu,s wiss Confed fx. . 3 L | Huo & Man ref as. Ud Kingm 5%s°37. 71 104% Zurich 8s. . 102% 108Y% 5 110% 90% 09 100% 101 101 1084 103% A 1018 101% 1055 103% Christiania 8s Con Pow Japan 78 | Copenhazen 5% i Cuba 5%s. . | Fzecho 8= 1951 | Crecho = 1952 ot Danish Munic 8s B Nenmark fn. .. . NET6Y%s Mch '53 {DEI5%aNov's3 | Duteh East T 6. | mintand s f 6 Finlands 7a. | Framerican 71 | mreneh 7n French 7% Freach = German BI P 6s. Ferman Ta Ger Acr Bank Ger Gen Elec 7s. Greek 7 Mexlco 410 am Mexico 5s assented : ‘fontevideo 78 Nether'ards 6 Netherlands 6% '72 Nord 8% : Norway %8 | Norway 68 1943 Norway 6s 1944 20 3 s 104 100% 107 | 95 £9 102% 92% | 108 ni% 1004 6 43 17 .43 41 39 21 30 1024 110% 17% 4 | Hlud & Man aj 5s. 13108 107% B 11 Central 5%s. MISCELLANEOUS. 111 C-C St L&N! Ajax Rubdber 3. 1 101'% 101% int Rap Tran 5a A Agr Chem w.- 14 1u3is 103% Int Rap Tr os stpd. | Am Chain sf 6 5oghly 984 Int Rap Tran 6a. Am Repub deb n 1 99 59 Int & G Nor aj 6 AmSmit& R 9% { Towa Cent rf 4s.. .. 7107 Towa Cen: 18t 5s... 1024 an City Ft S 4i e ansas City 8 3 . oy | KansasCity S 5s... 91 ¢ | Kan City Term 4s.. | Lake Shore ¢s *28 Lake Shore 45 °31. . Lehigh Val ci4a. Louis & Nash 64s. Manhadky cn s Man Ry 2d 4s 2013. Var.et St Ry is Vi1l Bl Ry & L 6 [ wastrasert M&StLrfex5s.. 29 Vi St P & SSM cn 48 63 | M StP & SSM cn s, M StP & SSMEls M SLP & SSM 634s. 1K & T ad) b M &Tprin {MK&TesC. Mo Pacific zen 4s. . ¥o Pac 65 1965 597 694 T4t 61 Am Sug ref 6s AmT&Tcltrds Am T & Tl trbs. |AmMT&Tsfs5s. .. AmT & T deb 53 Am Water Wks 53 | Anaconda 1st &3 ! Anaconda cv db 7a. Andes Cop 7srcts { Armour & Co 4%s Armour Del 5%s. . Bel: Tel Pa 53 B Beli Te! Pa 58 C | Beth Steel pm i |’ Beth Steel rf 58 8% %% 815 1074 60'x 524 95% 9% 6 8 28 15 5 Beth Steel 8 { 63 | Bwiyn =4 gen 53 1 Pete 6% s n Leth 6= "4 Chile Copper & % | Col Gas & EI'5 ™| Commonwth P & ! Con Coal Md 15t is. | Con Gas NY 5% 3 | Consuners Pow \ontrl Tm 1st bs. . New Or Term 4 |NOTex&Min |NOT&M5%e.. Cen gen 3% . Cent 4s'98 | Denver Gas &8 Det Edison 5: et Edison r Dodge wi 6 DuqL & P 5%s'49. Duquesne Light 63 Est Cuba Sug 7% Empire G & ¥ 7%3 Fisk Rubber 8 Goodrich Goodyear 8s 1931 Goodyear 58 1941 Hershey 5 Hoe & Co 6%5. . Humble O & R5%3 Iilinots Beil 18t & Lilinols Steel 4% N N N s6% | N ~ N 14 S8 21 95 Y Chi& StL5%s 4! 987k YC&StL6sA.. New Hav deb 4s°66 New Hav d 45'57 New flavenod N Y Rys 6s°65. N Y State Ry 4% NY W & Bos 4% Norfolk & W cn 4 Norfolk & W cv Northern Pac 3 Northern Pac 4 | Northern Pacr | Ore Short L ref 4 Ore-Wash 16t rf Pennsyl gen 438, (nt Paper 68’ nter Paper 6a. nter T & T 5%8. |k CP&LtonAss Kun G & El 6263 Pennsyl Pennsyl 8% Pennsyl gold 7s. Peoria & B inc Pere Mrq 1st Fere Mara 18t b Reading gen 45. Reading gen +% Nat Tube 18t 5 N Y Edison 5844 N Y Edison 6%8. NYGELH&PG: (N Y Tel 4%8 NY T : Y Tel 68°49 | North Am Ed North Am Ed ¢ Nor Ohto T &I Nor States Pow § Nor States Pow 6 Otis Steel T8, Otis Steel 8 Ppacitic Gas & m PaucT&T Pan-Amer rno Peoples Gas 5: StL S W cop ds’s2. 1 % | St P Un Dap b i Seabd AL 4ssta... Seabd A L adJ Seahd A L con Sou Pacific 48 29, Sou Pacific clt 48 Sou Pacific ref 4s.. Southern Ry gen 4s Southern Ry 6a ct. Southern Ry 634.. Sou Ry Mobile 4s. . Texas & Pacific 1st Third Ave ref & Third Ave adj bs... Union Pac 1st ¢s.... { Union Pac 1st rf 4s | Union Pac 4s°37... Union Pac cv 711, Virginia Ry 1st 106y | Va Ry & P 18t 5 10614 | abash 1st 5s. 87y | Wabash 2d Gs. 93 | Wabash 53377 100% 87Y% 125 101% 106% 1004 1024 109 o 104% Producers & Public Service 58 Public Servi Pub Serv Elec P Serv Gas 5% P ServGas5% Rep Ir & Steel 6 Rog Brown Iron 7s. 3 100% 9% 102 99 o3 67% 95% 89% 641 80% Sinclair O11 Sinelair O11 78 Sin Crude Ofl Sin Pipe Line 6s. Skelly Ot 6%s South Bell Tel 5. 804 64% 80% Wilkes-B&E 1st 5s. Wisconsin Cent 4s. ‘Wheat acreage Argentina and Australia, to be harvested in Decem- ber and January, is materlally in- creased. 'M’INT[!SH GIVES | crease in the year of | which | othe | of 51 Taw 67% | BANK STATISTICS Currency vControIIer‘s Annual Report Shows Banks Here Gammg in l’:armrgs e aggregate resources of 68 bank- | titutions in the District of Co June 30, 1925, including banks, loan and trust com banks and buil ing i Tumbis tional na LAND BANK VOTES CAPITAL INCREASE Potemac Joint Stock Institu- tion Authorizes $250.000 Addition. BY CHA Y SHAEFFER Directors of the | ! Land Bank have ase of $230,000 in t ations, were and showed an incrs June, 1924, of $32,428,000, according to the annual report of the controller of the currency, J. W. McIntosh, submit ted to Congress tod The combined capital of these utions was $23,375,000, an incre: and andividy ts of $248,664,000 showed an 5.000 of 1 de in Gross Earnings Up $546,000. banks in the Dis mbia in th r ende June 30, 1925, were $5.0 ind ex ceeded the earnings of previous vear by $546,000 The principal earnin banks, interest and discount, ed to $6,18 ceeding the n the prior year by $144.000. Othe carnings were from domestic exchange and collection charges, which showed an increase of $10000; fore ex department profits showed an increase of $2,000 partment profits, an increase of 000, and other miscellaneous earnings, a net increase of $241.000 Expenses Are Also Higher. The total expenses for the year, in- cident to the operation of these banks £5,434,000, exceeding expenses for the previous year by §1 Salaries and wage 1 an erease of $88,000; in and di borrowed money reductio 5,000 interest on depos crease of $116,000; taxes. a reduction nd other miscellaneous ex penses, reduction of $12,000. After pavment of all expenses the net earnings for the y addition of $108,000 charged-off ets, were 32640000 showed an Inerease v ar of $365,000. After charg 1 saving, of amount arning, these trust de recovered vrior of Lo rds a aggregating which s i losses cha r. the net 269,999, out of which ed to the amount profits wer dividends were ¢ 00, The amount profits in the last in excest of the s previous vear. and amount of dividends was $182 addition to Increase in Resources. egate resources and loan associations in the mbia, under the super cu rency. compared with Tune 30, 1 000, the Fhe Toan tions iner | £3.96%,0 [ ment’ payments from $35.452.¢ SR aciations n the permanent plan. five on the | gerial plan and one on the terminating [flan. Twenty-two associations require installment dues or payments of S1 one f $2 imount nt <aid these z the year and in in 1ssocin from n nts vments of §2. *ihe mumbel June 30, | crense since the number bers—41.8 rrowing showed 24 n-berrov increased 5— n in Jurn of 1 was this 4 | period 2,433 'WHEAT IS LOWER; CORN REMAINS FIRM, Increased Oflenngs From Argen- tina Important Factor in Day's Grain Market. th Associated Py CHICAC December 11.—Wheat prices averaged lower foday in the deal Argentine advices of clearing weather, and /Liver pool reported offers increasing both from Arzentira and tralia. the downturns ilue, however market* here received excellent pert, especially buying on the part By told opening, higher, new ito 1.73%, and May, 1.66 to 1 which { $149,- | nd one | Al, subject > stockholde jing in January {approval of the | Bu nsti- | 1 limit_under t | of $250,000, and recommenc | amount be doubled. A {that the capi | tion is close { changed hands s about $100,000 stock 4 vestir as the lo; Directors nnua pres |4 t | & | | | voted lezal | The was cl Al farm } | growth | farm ) { The o the i pro | stock la ans of L000. | ) neral counsel he foll with *the | d securities and | $421.000. | addition | | mona « | banking ilman board, announced t More Dividends Dec Direct Guar | b its s he hank members | | MeLac Books Closed Sabe 1]14 | p |52 i [ 606 represent Treasury n { Treasury {of series T | cember 15 { ment, all | full. " Casi in the orde | Local Exchange cup- | followed by numercus changes ithin | " la range of 23 cents. ssion house buying of ! had sufficient volume to give firmness i opening | to the corn market. After at 1, to % cents decline | to 84% —corn scored fr | Oats were ea wheat rather than corn. of oats were a shade to 1. {May 451 to 45%—and the | held near to the initial range. Provisions reflected a downturn | swing in hog values. WHEAT— | Dec. (new; Dec. (o1d) May (hew ) i July CoRs | December bid uiy OATS— December . ... cent lower m; DIVIDENDS DECLARED. NEW YORK, December 11 (4) j International Siiver Co. today declared | a dividend of 7 per cent on preferred stock, payable December 31 to s holders of record December distribution was made to carry out the plan of adjustment recently agreed upon by the stockholders and to ¢ up accumulations on preferred. The The National Tea Co. today declared a quarterly dividend of $3 on the old no par common stock. This is an in- crease of $12. The increased dividend is equal to $1 a share on the new stock, but as the exchange of new for old stock does not take place until De- cember 15, the dividend was declared on the basis of the old. Dividends are j payable January 1 to stockholders of record December 14. GERMAN EONDS AND STOCKS. (Quoted in dollars per million marks.) Bid. Acked Gor Gt (wln) B¢ 1014-18. 45000 0000 Hamburg 438 130.00 150, GerGi'E.su Moreed loan) 500 .. (Quoted in dollars per Ger Gen. Elec 4340 prewar. Ger Gen Elec 4 919 Berlin 48 pre-war. Hamb 3s. 3148 & 48 pre. Hamburg Amer Line 4 orth German Lioyd 4 North German “Lioyd. Prussian Consols 314s. Krupp 58 1921 Dusseldor{ 48 pre-war Frankfors a-M 4s pre- Munich 4s pre-war. Badische Anilin A E G (Ger Ge Eiec) Commerz and Privat Disconto Gellschaft resdner Bank . ercur Bank Vienna, | \m]ulhwm" with | ¢ Tnitial pri |u\i et “ommon stumpe ing. Mers hanged | restricted se but un 101 | firm above S uation Im Weekly Reviev in its current Monet conditic in part: “The monetary situation has ed for the better. Supplies of | funds and liquid capital as evidenced by dect per cent since September io of loans to deposits fc New York. “uriously enough, advisers are still wo monetary outlook fd has never heen a time this | there was any serious t | tightness, and it definite probable that business tre {1926 will be much influenced direction by money rates “For the immediate future of the altitude of stock situation appears more many suppose. At the s tide often turns in nd pending furth should suspend judgme may be the trends of stc prices ther In other wore is a little prema for makin. nge plans. re incre is t ure V/00L MARKET QUIET. Values 5 Per Cent Lower Than Last Week's Prices. BOSTON, December 11 Commercial Bulletin tomorrow say: “The market is still; quiet wi an easier tendency, values being per haps 5 per cent lower on the who! than a week ago. The decline ha been brought about entirely thr | the weakness in the foreign mark which are fully 10 per cent 1 the level of a week or two ago. is believed, however, that the Jevels will bring a tradin: . the near future. “In the West a little buying ported privately at 45 to 46 cent TIdaho medium wools in Portland, Ore which prices are generally regarded as high. Otherwise the market in the West has quieted down about one-third of the Texas Fall clip has been marketed. “The goods market is generally garded as healthy, although less ac- v ). —The re “Mohair is quiet but steady.”