Evening Star Newspaper, January 5, 1926, Page 24

24 * FIN ANCIAT. WALL STREET LI§ l | IMPROVES AT END Points of Strength Appear. Day of Extensive Stock Selling. P. WEST. BY STUAR' Special Dispateh to The NEW YORK, the leading tion enters January where speculd markets as an important fa s Towe true of stocks, d corn and of «ign exchan e S 0 downward | ime appeared today. T of active for pri wer of wheat thy cotton, more were numes coptic wmovement in stocks worthy points st tnwhe last half hour Dolieny Shocks Bre tocks representing interests r ision u-Ameriea iree ind an-Ar cum Western “13 Doh dverse on production ut for th ending Jar 7 we «lines rar point to a 3 and n Union \lifornia ali ddiforn Genera Phil and int Oil of C Tornia sum, Sinclair harply points, Mack came The sneril » 1{udson wa M over over l isher T na Monday at 351 the low their appearance moderate h had been op called this the ion which is to : N buving orders made and there was @ . ouses wi on the mark technical re: expected at this fal strength - stocks, particularly hers, in Columbia Gay wnd in one or two of the spe Timisti be developed in rails mong the he few fo period nearly 2 poi without, ever, affecting v group. St. Louls Southwestern up to top figures again preferred “A* was actively bought. Steel commone dropped off over sint. and the in the other m of the steel group was d. The sugar stocks variable. Some thought that the ve e in South Porto Rico ood ways toward dis extra_dividend which is taiked the February meeting. iha C: preferred reacted, and so did most of the other sugar stocks. how- ilway P rise dva of fc Attention. National Cash Register offer- tracted a good deal of atten- "here was no doubt about the avily oversubscribed price promptly went premium over the which was the issue figy anch francs were lowes he the previous day was looked on us nothing than the cov ering in of part of an extensive short interest, along with buying to meet end.of-the vear requirements. It did any way indicate a change French financial position dollar bonds, however, were somewhat stronger New Stock Gets and the marke 1 substantia Market Stronger the a rule e at Close. v for stocks in the and a rous buying in a few in- The low prices of were reache afternon half some rather vig made it appearance dividual stocks, and this had a steadying effect in other directions Wall Street w 1 over the rise in St. Paul shar These, of course, ire facing a heavy assessment, al- though an assessment car: compensation . The idea of new interests into a reelvership is against perience the past. ecal explanation ppeared to lie fact that St. Paul stocks are in the hands of peaple who are pre- pared to go through with the reor- n plan. Consequently, the supply has not been large, as ensy to ‘mark up prices. in all probability short interest outstand LOWER MONEY IGNORED. as a In the nr buying all ex- NEW YORK the reduc ite to 4 per October 20, stock moderate sary — De in the call money the lowest since prices turned reac- an opening dis- strength. Short v that the techni- market warranted vy profittaking 1s who dclayed cer ot ing. on the cal position a reaction, and h by wealthy iIndividu the sale of their speculative holdings =0 that income taxes on the same not be payable before March, generally attributed as decline. few exceptions to the International Harveste ancing points above vester- day’'s final quotation and Atlantic If and West Indi . Atantic Coast Line was hammered down 815 points, du Pont 5%, Amerfcan Can 4, and Mathieson Alkali and Postum the weneral trend. was irregular. 1e 3 flroud. tobacco and copper shi the final hour pro jnoted some short covering which gave steadier tone the market. Fed ral mining 1 almost 10 poin and gains ¢ ints or more wer istered by tional Lead and Pressed Steel Car. St. Paul preferred and Texas and Pacific were among th mo: f the carrier stocks. ta] sales approximated 2,100,000 shax l Markets at a Glance Stocks irregular; de 2 to 5 points, ixed: realizing unsettles rail i Foreign exchanges ing and francs lowe Cot- spot house selling. Suga offerin Coff n he liquidation. Tower free ommissi ton easy s spot Wheat better ntine asy: liberal tle active and irregular. CHICAGO. weather A veceipts. ¢ Hogs higher NEW YORK METAL MARKET. NEW YORK 5 (P).—Cop- spot and fu ot and nea Iron stead: Lead steady; sy . Louis, spot, Antimony, January ectrolvtic imchanged, BUTTER LOWER TODAY. CHICAGO, January 5 (#).—But- ter—Lower: Teceipts, 280 tubs; reamery ext 431: standards, extra fi 20 seconds, 4023013 receipts ordinary fi FLOUR BIT HIGHER MINNEAPOLLS, our, 10 to 25 cern 0.20 @ barrel Shipments. 33a34. Jany s higher, 14,400 ™ Willys Over- | figure | the | in the Cen-! and | A ng some | The most logi- | in the { lodged | Abitibl Pow (4. Adams Exp (6) Advance Rumley Ad Rumiey pf(3) Ahumada (1) . Air Reductn(15) Ajax Rubber . Alaska Junes Allled Chem (4). lmwm Cm pf(7). Allis Chalm (6) . | Allts Chal pt (1. | Am Agricul Chm Am Ag Chm pf nk X 160 t Sug (4) Rosch. ... Brake Sh (£) B Shoe pf (1} Br Bover Br Bo pf (7) Can w.i Open. High Can (110)... 262 r&Fdy (6) Chain A | Am Chicle {am 1Am | Am Hide & Lea. Hide & L pf Ice (+10) Ice pfd (6) Internatl La Fran ( Linseed Linsd pt (7). 0 (118).. e pf (7) Metal (4) Metal pf (7). Radiator (4) tepubl Safety R ( Am Ship & C Am Sm & Ref Am § Am Am Am ¢ tra | Am Tel&Ter (8) Am Tobacco (14) Am Tob B (47).. Am WW&EL1.20 |Am Wooten. .. .. | Anaconda (3) ! Archer-Dante! | Armour.1i1 A (2) Armour 11l (B). . Arno'd Con ctfs. 10} Con (n) | Art Metal (1.60) <0 Dry G(213) <0 O11 (2) Atehison (7 | Atchison pf (5. |AtlBlrm & At A Am Am {Am | Am s t | Atl Coast L (19). and Wabash | H&W I At GuIf&WI pt. Atlantic Refing Atlas Tack. ... Austin-Nichol Baldwin L (7) | Balto & Ohio(5 {Bal & Oh pf (4) | Bang & Ar (3)... | Barnsdall A (1). Rarnsdall B (1). Bayuk Clgar { Beech-Nut (43). | Belaing Bros(3). | Bethlehem Stl i | | Beth Stl pf (7). Booth Fish 1st.. riges ME(1%) Bkl Edison (8) BkylIn-M (3).. Bk-Man T pf(5). BkynUnG4).. Bklyn Union rts. Brown Shoe (1) | Brown Shoe wi. . nswick-Balk. Burns Bro (10).. {Burns BrB (2 Bush Ter de (7). Rutte Cop (50¢) . Butte&Super(2) 1do Centra allf Packing (6) {Calif Petrol (2). | Cahahan Zinc. .. |Calumt&A (+413) Calumt&H (1) Can Pacific (10). e Threshing <e Thr pf Cent Leather pf. CenRRo! | Century Rib (2). | Cerre De P (15). Certain-Teed (4) Chandler (3).... Chesa&Ohio (4). Ches&O pf (8%) “hi & Alton.. Chi & Ailton pf. .. Chi & East 11l pf Chi Great West. Chi Gr West pf.. Chi Mil & St P.. CM&StPetfs. . Chi Mil & StP pf. C Mil&StP pf cfs Chi & Nwn (4).. Cht & Nw pf (7). Preu T (3). ChiR1& Pac... CRI&PDL(6). CRI&PDf(T). «Childs ($2.40)... Chile Cop (2%3). Chino Coppe | Christie Brown sler Corpn. . Chrysler (new).. Chrysler pf A(8) Col Fuel & Iron. . Colo Southern. Colo Sou 15t (4). Col G & E (2.60). Col Carbon (4)... Coml Cred (1%). Com Solv A (4) Com Solv B. . Congoleum (2 Consol Cigar. ... Consol Distribut Consol Gas (3).. Consol Textile. . Cont Can (4) Cont Insur (6).. Cont Mot (80¢).. Corn P’rod (2) Coty Inc (3.80) . Crucible St (5). | Cuba Cane Su... | Cuba Sugar S pf. { Cuba Co (4). Cuban-Am Cuban An | cuban Domin | Cuban Dom pf. Cushman’s E Cuyamel Fr (4). (2). pE(T). Dantel Boone. .. Davison Ct o Del & Hud (%) Del L & Wn (17) DRGWstpf... Detroit 1d (8) Devoe&Ra(2.40). Dodge Bros @1 A. Dodge pf (7).. Doug Pec (114) Dupont (114). .- DuPont deb (6) . Duquesne pf (7). | Eastman (18). ton Axle (2) Lyt 40% 1P & Lpf (1) {Elec Sto Bat(76) | Emmerson Brn Emmerson B pf. d John (5) rie R R . { rie 1st pf Erfe 2d pf.....-- Fairbks (2.60).. Famous P1(8) .. FedLight(*1.40). Federal Mines. .. Fed Min pf (7) Fid Phoenx (). First NatP pf(8) First Nat Stores. Fisher Body (5). Fisk Rubber. .. . Fisk R 15t pf (7) Fleischmn (new) Foundation (8).. Fox Film A (4).. Freeport-Texas. Gabriel A(131 Gardner Motor Gen Am Tnk (3) ien Asphalt. T(112) 3 260 67 54 4 10812 17 136 s 1007 78 THE EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Gen Asph pf (5). o 106° 1074 | Gen Clgar (8)... 116 361a 134t 574 8214 7% [ 131 46 291, 132 3915 n Gig deb (7). Gen enkl spec (60c) - Gen Gas,Del A.... Gen Gas pf A (%) n Motors(112) n Mot pf (7) n Outdr Adv.. | Gen Outdr A (4). Gen Petrm (3) nRySIE(t1) Gimbel Bros Ginter (1%)... Glidden (2)..... 1d Dust odrich It (4). odrich pf (7) ody2ar pf (7). GGoodyT pf pf (8) Gotham S H Gotham pf (7)... Granby Consol Gre North pf (5) 3t Nor Ore(1%). £ Wstn Su (8) 1 GUWest S pr(7) Green Canan Guantanamo Gulf Mo & Nor. . M& N pf (5). Guif Sta Ist (7). Hartman (2 HayesWhI(131%) Hoe & Co A (1) .. Househd( (133% ). Houston Oil. .. .. Howe Sound (2). Hudson Mn (2%) Hud Man pf (5) Hudson Mot (3). Hupp Mot (1) Illinois Cen ( Indep O!1 (1) Ind O1l&Gas ris Ind Motr ve) Indian Refinir Indian Inger-Rand (n). Interurth Rap Int Bus Mac (8) Int Cement (4) Int Com Eng ( Internat Agri Internat Har Inter Har pt ( IntMatch pf 3.2 Int Mer Marine Int Mer Mar pf. . Int Nickel Int Paper Intl Paper Int Tel & Tel (5) Intertype (i13%) Jewel Tea Jones Bros Tea Jordon Mot (3) Kan City South Kan C So pf (4). K s & Gulf JiB) s pring ring pf. y Whi (6). Kennecott (4) . Kresge S S (8 Kresge Dept ... Lee Tire & Rub. . Lehigh V Leh&Fi Lizgett & M (14) Lig& My B (14). n "0 (4) ws Ine (2). Loft Long Bell Lorillard (3) Loriliurd pf (7). Lo: i Nsh™6) . m (2 MeCroryB(35.60) MelIntyre P (1).. Mack Trucks (6) Macy HR& Co.. Magma Cop (3).. Mallison & Co Man 11 Sup (47 Man Emd g (5 Man Shirt (112). Maracaibo Ol Market St prior. Market St pf Marland Ol (1) Marlin Rock (2). Martin-Parry (2) Mathieson (4)... May Dept St (5) May Dp S pf(7). Mexican Seabd. . Miami Cop (1). Mid-Continent. Mid-Cont 1r’l Middle Minn & St Louls, Min St P & SSM. | MStP&SSM 11 (4) Mis Kan & Tex MoK &Tpf (5). Missouri Pacifie. Missouri Pac nt. Mont Power (4), Mont Pow pf Montgom Ward. Moon Mot (3) *Mo&Essx (31 MotherLode Mo Picture(11p). Motor Met (2.60) Motor W(i2.30). Mullins Body . Murray Body Nash & Chat (7). Nat Acme (sta). Nat Biscuit (14) Nat Biscu pf(7). Natl Cash Regis. Nat Cloak (4). Nat Dairy (3)... Nat Dpt Stores. . Nat Distlilers. .. Nat Distillers pf. Nat Enamel & S. Nat Lead (8) Nat Ry Mex 1s! Nat Ry Mex 2 Nat Suppl; .. Nat Tea Co () Nevada Cop (1) . NY Air Brake(2) N Y AirBr A (4) N Y Canners (2). N Y Ceneral (7). NYC&StL(6). NYC&StL v (6) NY Dock...... NYN H& ”-(rl NYOn& Wn. NY Rys part ofs. *NY Rys pf t cfs Norfolk South. .. Norfk & Wn (18) North A (B3.40). North Am pf (1) North Pac (5) ... Norwalk (1.60) .. Nunnally (1.50). OilWellSup(50e) Onyx Hos pf (7). Orpheum (1.30) . Otis Elavator(6) Otis Steel pf . Outlet Co....... Owens Bot (4) Paci Coast. Pacific Oil (3) Packard Mot (2 Paige Mot(1.80). Pan-Amer (6)... Pan-Amer B (6). Pan-Am W(i0e) Panhandle. o Park & Tilfor Pathe Ex A ( 3 Pennsy R R (). Penn-Seab Steel. Peoples Gas (8). | Pere Marq (4)... { PhilaCo (4).... Phila Co pf (3).. Phila& RC&I.. Philip Morris. Phillips Pet (3) . Phoenix Hosiery Phoenix pf (7).. Plerce-Arrow. .. Plerce-Arrow pf. Plerce Ofl....... Pierce Ofl pf ) Pierce Petrol. Pitts Coal. . Pitts Coal pf (8). Pitt Ut pf $1.2 Pitts & West V Postum (new). . Press Steel Car. Pr St Car pf (7). 116 cetric (£) . 8 1114 110 127% 1148, 31 102 o1 114 124 athe 101 107 19 10 400 264 4874 . 14015 117% 15 1031 431y 427 53y 2715 78%, 5474 2% 117% 851 6874 4T 44 1946 46% 39% 99 377 98Y 1% 24 5% 401 85 16 116 112% 0% 924 . High. 9315 Close. 107 115 116 8251 11 581 101 123% 1141, | refundin | bele BONDS IRREGULAR INTRADING TODAY Lack of Investment Issues on Market—Newest Offer- ings Sold. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 5.—Prices stment bonds hardened in to- day’s market although activity was restricted on the one hand by lack of offertngs f any volume and on the other 1d by the refusal of institu- tional buyers to bid up quotations. The insurance companies were still in the market for underlying railroad mds and in some cases for general andd refunding mortgage secured loans 1o 475 10 5 per cent basis, but larzce blocks of securities of this grade were not plent Atchison geners I 45, always ed as the leader in its group, sold above 9h f the first time in a long ne, and Canadian debenture 4s im- oved fractionally, while among in- dustrials ited States Steel sinking fund “re strong above 106 and Armour Real Estate 4128 at 91 dupli- the high of 19 There w nt changes in United State ernment obligattons There wis unusual activity in Third Avenus refunding 45, Manhatian Rail- way ds continued thelr advance of Monday .utwl Hudson and Manhattan S at 9% were only @ point their record ghigh. Speculative r S wWere mo lrregular, q feature in the forelsn group v ¢ improvement in certain of the French obligations. French 7s got up 1o 84 and were relatively the Strong Most of the time Belgian bonds ruled higher of regard- _— rod & Refiners. J(5) 161 R0y Radio Corp of A. Ry St1Sp (110) Ray Cons Cop... 1 1) iding 18t (2) Rolt Rels&co . 58 121 111 15 6l 94 bac B(4). 9%, Shubert Thes Simmons ms I Sineialr Ol lair pf (8) eliy Ol (2) Sloss Sheff (6)., . South Port S (6) South Pac (6) Southern Ry (7). South Ry pt 234, a1 134 13 1031 119 1015 118% 1023 1185 any St Ofl Calif (2) OILNJ (1)... NJpf (7). 60 45 u7 St Ot ewartw rombers (6) udebak, per mington ton A( per (1) 145 Co(3).. 5S4ty TexGulfS(#83,). 12 Tex & Pac C & O, Tex & Pact The Fair T X Tide Water (1 Tide W O3 pr(3) RB(1) Tobae P'rod (6) Tobhacco Pro rts ob I'rod A (7) Transcont Ofl Twin City (4) Twin City pf (7) Underwood (+1) Un Bag & Paper. 714 Union Ol (1.80). 401y Un Pacific (10).. 148% T'n Tk Car pf(7). 115% Utd A1St (500). 284 UtdCigar (*3%). 96% Utd Cgr Strts 17% United Drug (7). 161 Utd Fruit (10).. 2403 Utd Ry Inves pf. 80 st Tron P, 207 CTPpf (7). 100% Distributing 5! $ Hoffman (3)° 49 Ind Alcohol. 74t Realty (n).. 70 Rubber..... 84% itub 1st (8). 108 Smelt (3%). 49 Sm pf (312). Steel (17) 30) 10 45y 101 ersal P'ipe. niv Pipe pf (7). il P&L A (2) Vanadium (2). Van Raalte Caro Chem. ro Ch ctfs r Ch pf efs r Ch(n)w i va-Car Ch pf(6), Car Ch (7) p€ 9ls 218 66t 98t 661y 978, o7a 43% 4% 177y 22 823 18 124% 1241 86 164 Wabash pf A ( Waldorf (114) - Walworth (1.80). 173% 241 1244 Warner A (13 West I'en (4) West Penctfs... West I'a etfs A West Maryland Western West Pac pf (6). Western Un (8). theeAB(17). Westinghse (1) . thse 1st (4). ton A (2) Wheel & L Erie.. Wheel & L E pf. White IZagle (2). White Mot (4)... Whi Rock (2.40). Wickwire ctfs Willys-Overlans Willys-0d p£(7) . Woolworth (3) Worthn Pump. .. Worthtn A (7).. ‘Worthton B (6). Wright Aero(1). Yale&Town (15). Yel T & C (75¢) . T aC L (5. ot Youngstown (4). 87% 8T% 864 86y Dividend rates as £i%en in the ahove tabla gro the annual cash pavments ‘based ou e auarterly ot halt vearly declarations 135% 123% 7an 80 28 30% 49% 27% 85% 37w By 33 92% 218% 43% 8 60 28 641 324 493, - 278 84 874 34 313 9314 216 43 78 60 28 643 314 27% 64y 31% 9412 94 941y 643 324 zular rate. optional in st 'l‘.Ar v stock. e tPartly 1Plus extra. * sPasable in vreferred stock. i ot e o santi 8% In stock Saible 1’ ‘diariaris. P10 TUESDAY, JANUARY Jy 1926. Lib3%s... 61 Lib Ist4%9 1b 4th 43¢ 337 102 S4s 1944 4 103 US4Y%s's2 Argen s Ju '59. Argen 6s Oct *59. Argentine 6s A. . Argentine 6s B. Argentine 7s. Australian 5s. . Austria 7 Bank of Chile 614, Bank of Japan 6s. . Belgium 6s. . . . Belgium 634s. .. Belgium 7s..... Belgium 7igs. . Belgium 8s. . Berne 8s. . Bolivia 8. Bordeanx 65 Brazil 7s. Brazil 8s. .. Canada 5< 193 nada os anada Chiie 751943 Chile 85 1041 Chile Bs 1946 Chinese Gov I Christiania 8s Con Pow Japan Copenhagen §1: Cuba los. cho 88 1951 ccho 85 1952 ct . Danish Munic 85 A . Danish Mun. Denmark 6s....... DEI 58 Moh '33. DEL5% ’53 Dutch East I 65 Dutch East I 6s' = tme T 3 Finland s £ 65 '45. Finland 7s Framerican French French 714 French 8. German E German 7s. er Agr Bank 78 lu~r'.Nl Elec Ts. ireek 7 Halth 6. . Hollana Amer ias aly 7 = Jupanese §las Jergens U M 6s '47. Lyons6s. ... Marseiile 6s Mexico 45 %04 asntd. Mexico 45 10 asntd Mexico i assented Montevileo 7s Netherlands 6s ord 6135 PEis. Paris Orleans 7s. .. Per, Poland 65 40 Poland 8s. Porto Alegre 8s Pr Qu ue Tlgs ensland »de Jan 85 1946, Riode Jan 85 1947 a0 Paulo City 8s 10 Paulo 1450 Saxon P W T Seine Dept of 7s. .. Serbs Crot Slo-8s. . Soissons 6 5 Sweden 5iesct.. .. Sweden 65 Swiss 5163 1946, .. Swiss Confed 8s. Tokio 5 Ud Kingm 5% " Ud Kingm Ud Steam (‘Dy«n 6s. Zurich 8s v Ajax Rubber 8s 3 Am AgriChem T%4s 44 Am Chain 6s. ... 13 AmSmit & R 1st3s 12 Am Smit & R 6s. . 1 Am Sug ref 68 18 AmT& Teltris., 27 AmT & Teltr Am T & Tsfbs. Am T & T deb 5s. Am Water Wks is. Am Writing Pap 6s. Anaconda 1st 6s. .. Anaconda cv db Andes Cop 7s ret Armour & Co 4%sT. Armour Del 5igs. Assoclated Oil 63 Atlantic Refin s, Barnesdail s f §s Bell Tel PaésB. .. Bell Tel Pa 5sC... Beth Steel pm 6s... Beth Steel rf 5s. . Beth Steel 515553 Bethlehem Steel 6 Bkliyn Ed gen §s. .. Brier H St 1st §14s. Bush T Bldg 65 '60. Calif Pete 6%s..... Cen Leth 65 '45 cfs. Chile Copper 8s. ... 80 Commonwth P 6s. . Con Coal Md 1st 5s. Con Gas NY 5%45... Consumers Pow 55 Cuba Canecv 7s. .. Cuba Canecv d 8s Cuban Am Sug 83.. Denver Gas 5 Det Edison 58 '40. . Det Edison ref 6s. Dodge wi 6s. Donner Steel Dug L & P 5%s 48, .Duquesne Light 6s. Empire G & F T%s. Fisk Rubber 8s. Goodrich 8%s. ... Goodyear 85 1931... Goodyear 63 1941.. Hershey 5%S. ... Humble O & R 5%s Iilinois Bell 18t 6s. Illinois Steel 4148 Indiana Steel 55. .. Int Mer Marine 6s. Mt Paper 55 '47.. Inter Paper 65... Inter T & T 5%S. - - KCP&LLGs A'S2. Kan G & El 65’52 Kelly-Spring 8s.. Lackawa § 58 '50. . Laclede G 5% '52. Liggett & Myers 55 Liggett & Myrs T Lorillard (P) 58 Loutsv G & E 5852 Manat! Sug sf 7%s. Mid-Con 8%s "40... Midvale Steel b3 Montana Pow 55. .. Mor's & Co 15t 418 New Eng Tel is.... N Y Edison 58 “44.. N Y Edison 6%5. NYGELH&P 4s. NY Tel4 ..15 N Y Tel 6s'41. NY Tel 63'49. . North Am Ed 65 North Am Ed 6%2s. Nor Ohfo T & L 6s.. 13 Nor States Pow 55. Nor States Pow 6s. Otls Steel T%s. Otis Steel 8s. Pacific Gas & E1 55. Pac T & T 18t55... PacT&TH6s'52... 1 Pan-Amer Pete 6s. 13 Peoples Gas 5s. ... Phila Co 5%s '38. Phila & R4 C & I 5: rrow 8s. ervice 5s Public Service 6: Pub Serv Elec 8s. .. 52 106 13 FOREIGN. Sales. High. Low. Close a6 Low. 99 19 101 21 100 17 100 25 101 29 102 29 1069 9644 96 967% 96 102t 9614 1177 104% 94tz 1094 MISCELLANEOUS. 10274 104 98% *0; 1024 107% 97y 94 105% 1064 102% 113% 1044 110 121% 100 102 1007 954 106% [ox vew vor BONDS Received by Private Wire Direct to The Star Office UNITED STATES. (Sales are in $1.000.) Sales. High. 99 22 12 101 24 Lib 2d 43%s. 326 100 20 Lib 3d 4%s. 234 100 29 Close, 99 20 101 24 100 28 100 29 101 30 102 29 10613 9614 96 963 95% 102 96Y% 100 94 100 1054 4 1034 v 116% 661 1177 104% 941 110% 102% 101% 118% 98Y 981 200% To13 931 100% 85 101 1025 5 115% 891 974 107% 110 101% 104 94 977 106 101 105% 978 101% 9914 1% 998, 99 9974 % 1084 105 1004 107 108% 1037% " Serv Gas 5t '64. Saks & Co 81 7s. Sinclair Oil 68. Stnclair 01l 643 Stnclair O11 7s. in Crude Oil Sin Pipe Line 5 Skelly Of1 6% South Bell Tel Southwest Bell 85, , Tenn Elec Pow 6. . ‘oledo Edn 1st 7s Union Bag & P 6s. . United Drug 6s. . ... U S Rub istrfas. . U S Rubber 73s... U S Smelter 65. . U SSteel 5 £ 5s.... ah Pow & Lit 53. Vertientes Sug 7 Warner Sug 7529, Warner Sug 7s '41. West Elec ox Westn Union 6345 Westinghouse 7 Willys-Ov 6 Wilson & Co Ist 6. Wilson & Co Youngstn S & T 6 Ann Arbor 45, Atchison gen 45 .. Atlantic C Lel 43 Atantic C L, & O Gold 4« 1&Ocvdles B&Orefis.... B& O 1st 55 ct B&OS8s. ... B&Orfimp6s.... B&OPLEWV 4s. . B&O Sw Div is efis. B & O Toledo 4s. . Bklyn Manhat 6s. . Buff R & Pitt 4355, Ca South bs. . Canad North ‘anad Pac deb 4s T Clinch & O 6s. . nt of Central 1 P Cent Pac 1st 5590, Ches & O cv 4155 Ches & O gn 415 Ches & O cv 5% Chi& Alton 3 ChiB & Qpn 4% ChiB&Qistrtos IB& Q-1 div 4s Ignés.... I Great West 4s. €M & SUP 4825 ofs Ma StPdbis. .. StP gn 45 '89 s 4. v4lis3lcrs CM&StPgn 41 M CM&StP NW h 3l Chi& N W ref 53. Chi& N W 6les Chi Rys 53 ChiRI&Pg ChiRI&Prf CHITH&SE Chi Un Sta $138 T Sta 6 i & W Ind o Cuba N R 65 66. Dl & Hud Del Hud ev Dei & Hd 15t rf 4< Den & Rio G cn 4= D& Rio G imp is.. 0 G Wst is. conv 4= B. Erie Genessee Gr Trunk sf db 65, . Grand Trunk 7s. Great North Hud & Man aj T ¢ Int Rap Tr Int Rap Tran 6s Int Rap Tran 7s. Int & G Nor 1st 6s. Int & G Nor aj 6s. Towa Cent rf §s Lake Shore 4s Lake Shore 4 len s uni 4s. Manhat Ry c Maurket St Ry 7s. Mil Bl Ry & L 5s. .. M&StL1strids.. M St P & SSMen 48 M StP & SSM en §s. STOCK EXCHANGE Sales, High. Low. Close 4 73 9 33 6 17 60 o1 36 1 167 161 16 36 2 9 17 MK&TIistds..... 11 MK&T4SB...... MK & T adj 58. . MK&Tprin5sA. MK&T6sC. Mo Pacific gen 4s Mo Pac 53 1965. Mo Pac 6s 49 D. Mo Pac 6555 B. 406 17 au E Ry 48 757, ew Or Term 4s. .. NO Tex & Mss B.. NOT&M5% Y Cen gen 3las Y Cent 4598 . NY Centdeb 4s.... NYCentriss..... NYC&StLdbis. NY Chi & St L 5%s. NYC&StL6sA.. New Havd 4s'57... New Haven cd 6s.. N Y Rys 6565 N Y State Ry 434s. NYW &Bos4%s.. Norfolk & W en 4 Northern Pac 3s. Northern Pac 4s. Northern Pac 6s D. Northern Pacr i 6s. Ore & Calif 1st 5s. . Ore Short L ref 4s Ore-Wash 1st rf 4s. Pennsyl gen 41¢s Pennsyl gen bs. Pennsyl 5s '64 Pennsyl 615, Pennsyl gold 7s Peoria & E ine 4s. Pere Mrq 1st 45 '56. Reading gen 4%s. . Rio G W 1st 4s.. Rio G West ¢l 4s... RIATk& L 41s... St L IM&S 4s°29... St L IM&S R&G 4s. StL&SFplésA.. StL&SF prinjs. StL&SF5%sD.. StL&SFadj6s... StL&SFinc6s... StL&SF pl6sC.. StLS W istds. StLS W con 4s'33. St P& KCShL 4%. San A & Arn P 4s Seabd AL 4s...... Seabd A L 4ssta. .. Seab A L adj5s.... Seab A Licon 6s.... Sou Pac 43°29. . Sou Pacific clt 4s. . Sou Pacific ref 43 Southern Ry gen 43 Southern Ry 1st 5s. Southern Ry 6s ct. . Southern Ry 6%s. Term Asso S L 4s. Texas & Pacific 1st. Third Ave ref 4s. . 28 59 28 38 56 37 21 76 62 2 46 24 17 10 27 . 58 104 10714 112% RT% 94% 100% 874, 127% 101% 100t 103 109 1047 lollv RAILROAD. 84 79 79 8Tty 95 974 867 901y 81% 1041, 1081 112% 8515 10315 57 1037 104 1070 107 111% 1110 87Y 874 94 941 100% 1001 87 BT 126 126 1013 101% 100% 100% 102% 103 108% 109 1047 1047% 104t 104% 91% 974 107% 1997 106 95 91 S0ty 1070 1024 100 4R 1001 1038 1024 78 86 9419 101% 9514 983, 1025 6284 7% 23t 57 691 91 614 8615 99 1084 100% 97 84 943, ! Third Ave adj 5s 564 FINANC Wheat at $2.041/; Per Bushel Makes New High Record By the Associated Press GRAND FORKS, N. D., January 5.—One carload of western wheat brought $2.043 per bushel at the Grand Forks Terminal Grain Ex- change yesterday. This price was a premium of 30 cents over the quoted price of May options for No. 1 dark northern on the Min- neapolls market and is believed to be & record price for this season. The wheat weighed 60.8 pounds and tested 16.58 per cent protein per bushel. SETBACK IN GRAIN. Wheat Turns Downward in Early Trading Today. CHICAGO, January 5 OP).—Wheat prices undarwent an ly setback to- ¥, influenced by downturns in quo- tions at Liverpool and Buenos Alres ble wenther in Argentina was ish factor. Besides, Argentine % of mew wheat were said to be increasing. and there were reports that Austra was offering wheat freely. Chicago opening prices, 1 to 13 lower, pe May 1.81% 1o 1.52 and July were fol lowed by a muaterfal further decline, and then something of a rally. Corn and oats were relatively firm, although sympathizing with wheat. Talk of probable Governmen ald to control surplus grain continu to ve attention. After opening e to B off. & the corn market cased a little and then 1 o recove Outs started : May 46, ana ures Higher prices on hogs tended to lift mo shade to !4 lower, car to inftial fig May July CORN; May 3 told) EARNINGS SHOW GAIN. Continental Motors Reports $1.60 Per Share. IW YORK, Januar Dprofit of $2.811,323 after ation und Federal taxes for the cal vear ended October 31, 192 reported by Continental Motors Cor poration, equivalent to $1.60 a share 60,845 shares of capital stock. compares with $2,502.522 in the preced ARMOUR IN CAMPAIGN TO REDUCE EXPENSES NEW YORK, January & (P.— Armour & Co.'s savings under its plan of hudgetary control of expenditure: is calculated at $10.000,000 for 18 F. Bdson White, more than 500 d 1 lan their 1925 budgets on the hasis further redacing their cost to market” by 5 per cent. The mportance of budgetary control is emphasized by the rapid turnover of working capital and relatively small profits per unit of merchandise. The pread between Armot sales and its operating profit is figured 1t more than §730,000,000. PARIS BOURSE IMPROVES. PARIS, iproved on the 5 P —Net erest, de- or a share. ng 5 (). —Prices im Bourse today. Three per cent rentes. 49 francs 50 centimes: exchange on wdon, 127 francs 80 per_cent loan, 57 francs 50 centimes. The dollar was quoted nes 32 centimes. anua; GRAIN AN D PROVISIONS. BALTIMORE, Janu, —New potatoes, 100, 144.50; beans, bushel. 1. 4.00; beets, 100, 3.00a 5.00; Brussels sprouts. quart, 20a25: cabbage, ton, 35.00a40,00; sweet po tatoes, barrel, 2.50a5.50; yams, barrel, 2.00a4.00; carrots, 100, 4.00a5.00; caul- iflower, crate, 2.00a celery crate, 1.5043.00: kale, bushel. 50a60; lettuce, ket, 2.00a3.50: pepper 4.00 6.00: onions, 100 pound: 43.0¢ ovster plants, 100, 5.0048.00; spinach, bushel res, per crate, -X H'n.u, bushel, 60 turnips, Apples, cranberries, fruit, box. 3. 450045 3.00a4.00. Selling Wheat—No. mestic, 1.9114; licky, 1.88 Sales —None. Corn—Cob, new, spoi barrel, as to delivery: domestic, low, No. 2 new. 92 per bus pot, None. ry 5 (Special). basket, 4 0a7.00; box, had.0( tangerines, , 1.00a2. grape- i oranges, box. per half strap. Prices at Noon. spot do- No. 2 red Winter, gar- 3.7023.75 per yel- el: export, Nearhy, new, 90495 no quotatjons. Hay—Receipts, 35 tons. There is a full supply of all grades and kinds of hay, in comparison with the limited demand, and the general market is quiet. Poorer qualities of clover mixed and clover hay are,especial hard to move. 5 Quotations, per timothy, ton, today No. )0, No. 3 timothy, 22.00a23.00; No. 1 light clover, mixed, 23.50a24.00; No. 2 light clover, mixed, 21.00a22.00; No. 1 clover, mixed, 23.00 No. 1 wheat, 12.00a13.00; No. oat, 13.00a13.50. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Adiron. P, & Tt. Co. Alumin. Co. of Am American Beet Sugar 6 Amer. Tel. & Tel. Co. 4s 1 Anaconda Coppe 92 Associated Oil ts 1935 Ralto. & Ohio s 1829 Bethlehem Steel 5e 1036 tral of Georgia (s 19 hi. Mil. & St P 6a 18 Chil R. I. & Pac City' of Lyon_6s 1 Colum. G & EL_lsl Contin. Gas & Erie R._R. Co, Elsher Body Corp, bs 102 Goodsear T R 1631 &N o, ot Pa Biyw 1953 Hock. Val. R. R. Co_ Bu 1 Humble 01 51 1032 Lehigh Pow, Sec, Co 5 1 M. SUP& W . Pac Co. b 162 Tiss 1030 ork Central gs 1044 Oregon $ Penna, R, R 7s 1930 Sine Cr. Ol Pur. Co. 65 i ik Co.PBe 16 Tnion 01l Co. of Cal Union Pac. R. R. Co. 4s 1 U. 8. Rubber 7is 1630, . Westinghouse E&M. 7 19: o IO mC oSS! 7 P24 SES 2255232 SEESESRISRES2E g 1 | 8% 92y 86% 99% 1027 101 98 1023 981y 681 96 8415 S1% Tol St L & W 4s Union Pac 1st 4s. .. Union Pac 1st rf 45 Union Pac 4s'27... Inion Pac cv 6s. . Virginia Ry 1st 5s. VaRy&P6s... Wabash 18t 58 ‘Wabash 58875 Western Md 4s.. . Western Pacific ..R West Shore Ist 4 Wheel & L Ecn 4 8074 6t TAL. 'BANKS TO ELECT ONNEXT TUESDAY Few Changes Anticipated in Official Rosters—Other Local Notes. BY CHAS. P. SHAEFFER. n conformity with the Nationa Banking act, all local institutions of this caliber will hold their annual stockholders' mestings next Tuesda at whigh time statements for the vea will be rendered and directors named for tne eneuing 12 months. In som. cases the boards will organize i dintely afterward, the election of others officers 1. defercing a day « trust compani their annual elections . as will a good perce 5 institutions. will be lit and - offici: nge in rosters inderstood. are fa . due to the gener: ed during the last ‘in the belief that banl this city standard Tt s zenera 1d pat” p prosperity en ath ng u maintair, thar ever befo, There here and meetings perfunctor: higher director added astde from this the Scheduled to be mere Morris ¥ Bertram Che president of t Washington stit | ben. ired princiy and int teed in all instance ety compan plan., Mr. ik Expands exceutive Plan Ba announces that th opened @ bond dey sale 6 per first mortga est being guaris. < by an outstandi e unique feat terman states lies in the fact that it enables buyer to purch bonds on the de ferred payment plan, with the F paying the purchaser 5 per cent inter est per annum on the installments as paid in Morris ons in Effect. ate reductions affe ing nea .000 consumers in Mont gowery and Prince Georges counties were made on the first of the ye Notice of the reductions, which were made voluntarily, were filed recentl with the Public Service Commission « Baltimore by the Potom Jectr ower Co. here, which es the vicinity. Consumer: ing in subur ton, will benefit t proximately one-h hour in electric charges, Other electric rate reducttions alse became effective first of the ye in Centreville and Chestertown Eastern Shore of Maryland resid shing ese counties, of W, Remembered by Associates. J. William Roberts, cashier of the new Rank. is the recipient traveling bug prese by forme 00 in the American Sec and Trust Co., with whom he ha affilinted f ¥ vears. recently elec Central Savings 4 handsone Gains in Insu Reports of remarka s done featured the anr of the H. Lawren the Mutual Ben ield at the City ¢ business of the entire company in totaled a quarter of a_billion doll of w h the District of Columbia pr duced $2.500,000 George T. Howard, John 11. Snyde d Adolph Krechel wiil the gency at the the company he this month A gain of 4 per cent jof the agency for t Life Insu azencs 1ce C les co held in Buffalo £ in 1926 was 1 | Reserve Bank Earnings. The 1925 net Reserve Banks board at L700,000 in 1924 The Federal Reserve B summary of the vea ported that the gros: banks amounted $41,800,000, or $3.500.000 more than in the year, while current expe; ed to $27.500,000, ¢ < than in 162 Net dedu current net earnings to preciation charges, reserves fo on paper of failed bank tems totaled $4,800,000 with $6.200,000 the surplus accounts w n aggregate of $22¢ e of $2.474,000. earnings w of Fede placed by th compared with ard, + s operations. re the ye: Stockholders to Meet. Stockholders of the W Auditorium Co. will hold their meeting at the company’s principal office, 118 _Fairfax street, | Alexore drfa. next Monday at 11 o'clock for the purpose of electing directors for the ensuing year and for such other business as ‘may properly come be. fore them. hinsi annual FOREIGN EXCHANGE. (Quotations furnished bv W B omina nd lar London. Montreal. Paris. franc Brussels. {r: $4.8005 100 Athene: adrid., drachm; ese Cobentien ChRstiania. crow Stockhoim” crown - wYeseNny NEW YORI eign exchang (i cents): 48415; cabl bank 5 (A —For. Quotationy Britain—Demand, 60-dayv bil Demand, aly—Demand, 3. Demand— 23.80; Holl Switzerland, 19, 315 January irregular. Denmar : Spain, 14.10; Czecho. 4,700 Greece, 1 slovakla. Tokio, L 99 13! Brazil, 14.80, 1y: Montr GERMAN BONDS AND STOCKS. (Quoted in dollars per mllllr;{:dmurx; r‘” Ger Gt (w In) B& 1914-18. 42500 475 0if Hamburg 435 1019, .. ... 160.00 180 0 _5s (forced 10ani .. 7.00 900 thiousand marks.) 4136 pre.war 1600 1800 4145 1910, 1 200 Berlin 4s pre-war. 500 700 Hamb 3s. Bles & 48 pre-war 1.00 500 Hambure' Anier Line i 34s. - 2800 rman Lloyd 41,5 3700 North German Lioyd 1000 Prussian Consala 125! 11 60 s 192 100 8.00 X ou 6.00 53.00 2200 Frankiort a-M 4s pr Munich 4s pre-war. . Badisehe, Anilin. (Ger Go A brsand Privat Bank: Disconto Gellachaft . Dresdner Bank. ... Deutche Bank Darmstasdter Bank Mercur Bank Vienn: Heyden Chem 5000 20.00 i3.00 38.00 15.00 2450 24.00 650 COFFEE PRICES JUMP. RIO DE JANEIRO, January 5 (#) —News of the negotiation of a ster ling loan by the Sao Paulo Coffee In- stitute had a marked effect on coffes prices in the Santos and Rio de Jan- neiro markets today, causing sharp rises. Improvement in prices yes. terday was attributed to speculative buying. ]