Evening Star Newspaper, February 7, 1926, Page 35

FINANCIAL BUYING IN FOREIGN BONDS VERY HEAVY ! High Yield Makes Strong Ap- peal—Sugar Liens Come to Front. GEORGE T. HUGH Bpedtal Dispatch to The Sta NEW YORK, I 3 Chis week the price yestment bonds has reached a high mark, the highest The movement has b Son of that in pro, of the v a causes plus of and d(ll 0 exc The feat has not for don foreign issues & high point since in t quietly only very showed Again in- new of since ss since the first the under pamely, a employment issues in a soned 2 woek, however, the of « Focur yield don d ni ad Bonds Bonds” Status the omp: Liherties Ag derlying buy ar the su rou but th profital tha made up its mind much better and sc turning to su have first 1 on ¢ pani nd over rily a pan country ently t e authe traction change fo there w ook Next to N is taken in as to that there and Ago tr where they we. (Cous ‘nder 1 (ot fmprovenent zone that 6 @ possibil upper leather “all Street ctors of ither Co. with ny the idation. r. 1o be discussions thus fa ifined to its feasibility, American Hide and Leather not b ing committed to any negotiation This company’s net income for 1 estimated at more than $600,000 equal to 7 or §4 NEW Bank ties of industr YORK merger in the Februa indefinit been co cent 1924, carni ihe Louis. 1d Ohic the proposed is caleulated out £19.64 share 1129053 common stock in wir for 6 per cent on referred stock. . & announced today that ers would be received for the amortization on or before March 31 ¢ 1.000 Argentine gold pesos of ntine government 5 per cent internal gold loan of 1909. Tenders sale of honds with coupons due Sepiember 1, 1926, and subsequently at a price to he stated in the tender, must be submitted not Jater than February 15. Tenders will be received also in London by Baring Fros. & Co., Lid., and the Credito Publico Naocfenal in Buenos Aires. system to have earved tor THE BOND SUMMARY FOR THE WEEK Last. Yield. e oaao™ 10129 9915 10230 101-1 10119 100-16 1 101-1 l 39 101-20 10810 104-18 High. Low. ——i92] 9% Y5 108% 101% 975 96 101% 9314 8815 538, 1104 106% 1084 106% 8u4 103 1048 High. 100-5 102-6 % Argenti % 1015 Low. a6 Argentina 964 Australian 1% 100t Austria s 7s 1943 Belgtui Canada “anada 3 s Chile 8 1 102% 104 104 971 1005 1015 Bk 108 76 1044 1115 1041 107 103 a7y 1007 1014 1043, L 102 104 1084, 121 2s 101% 103 56 100 10618 111 1144 1025 110 89 7 98% 965 A 93% 106% 611y 973q 6914 904 148 615 3614 108% 967y 37% Chile ¥s 1 Cop Czec Denn Dutch Dutch vakia 8s 1951 k65 1942, .. Ast Indies 65 194 © Indies 65 196! 4 French « i 851945, German 7s 1949. . Hollan Lyon 6 Ma Neth aris-Lyon Med Queensiand 65 191 Qe s 1941 e DUSTRIAL Amer Agr An An A Anad An 1da Copper 65 1 onda Copper cv deb r& Co4ips 193 Tning deb b 1932 (Ma) 15t ret 1+ Sux cv deb 8s H In I v Western Unic o & Co 1st n gen B&OPi B & O Southwe nhat s £ 68 A 1968 1 61es 1946 ake & Ohio c7 4145 1930 & Ohio gen 432 199 & Ohio ¢V 5% 1946. . rn 1li gen 55 1951. . Western 4s 1 aware & Hudson 5igs 1 & Rio Grande con 4s 19 Erie gen lien 45 1996 Erfe cv 45 A 195 G Gre: Great Nort Hudson & Inter Rapid Inter & ¢ Kan C F! at Nor adj 6s ott & M 45 1931 Kansas City Southern Kansas City oSuthern Lake Shore 45 1928 Lake Shore 48 193 Louis & Nash u : Lt st ref 58 61 P& SSM 6%s 1931 n & Tex 1st 45 1990, Mo Kan & Tex adj 5s 1967. . Mo Kan & Tex pr In 5s A 1962 New Yor New Haven deb 48 1957. N Y N H & Hevdeb 6s 1948 NY West & Boston 4145 1946. Norfolk & Western con 4s 199 ntral deb 65 1 Norfolk & Western cv 65 1929, Norther Norther Northe Ore Short Line ref 4s 1929 Ore Short Line gtd 58 1946 n Pacif Peoria & LZastern inc 48 1990. 10134 Pere Marquette 1st 58 1950. 874 RIArK&L 43 2 SILIM&SR& G 4s 1033 an Fran pr In 4s A 1950 StL & San Fran br 1n 58 1950 St L& San Fran 5%s B 1942 St L & San Fran adj 6s 1956. St L & San Fran inc 65 196 % Seaboard Air Line ref 4 100% 101% board Air Line ad; Seaboard Alr Line con 6s 1945 outhern Pacific cv 4s 19 outhern Pacific col 45 1949 outhern Pacific ref 4s 1955 Southern Ry gen 4s 1956 Southern Ry 1st 5 Fer 1960 Third Ave adj i St 481947 Union Pac tern Maryland 45 1952 Western Pacific 55 1946. Low. 100 2 102-2 8 100-23 100-28 102-14 107-16 Close. . week's 98 10 High. 100-6 998 102 98 102% ST0% 110% 10235 102% 1082 108% 47 9914 . 101% 103 104% 104% 971y 103 102%102% 861y 54 86% 87 93% su. 106% Badba ads 1941, ofs50. . High. 100-6 10247 347 3 86 100-24 386 101- 1004 1015 6 99t 108 100 1084 103% 91ty 103k % | London 165y 70% By | Y% 107% 5 124 112 Ya% | SPECIALTIES LEAD INSTOCK MARKET Associated 0il Is Also Heavily Bought—Some Weak Spots Noted. By the Associated Press V YORK, Febru ice movements in to E ket reflected the evening up of spec- ulative accounts in anticipation of the publication of the Stock Exchange fig ures on brokers’ lo: These figures, announced after the market close, showed a total of $3,513.174,154, which was much larger than Wall Street ex- pected, although President Simmons of the exchange pointed out that the total constituted less than 6 per cent of the total market value of securities listed Unusually heavy buying of Asso- ciated Ofl presumably was mor the ac count of bankers who announced after - market cl had ac- «d control by the of sub- stantial holdings at $5 - and were ready to make the offer to minority stockholder stock n of 1% on 3 wing @ -d . new ccord hlgh at 5914 Ol also touched « new record top at 823, up 13, but mowt of the other oils showed only minor changes. Speclaltles Again Specialties in which velopments are reporte ing wel n under United Fruit soar new nuu(l high at and then ‘\ml 1o 2, Amerfean Snuff jumped i points 10 @ new top n(.I: ind Am uun \I»'.H preferred, ‘American Cuban-Dominican Sugi ctrie Ste ze Batter tJohnson, Fifth Avenue common and pre red Arms closed 1 wtaining ne Mixed same The Bought. favorable de- to be pend fcenmuiation 11 points © 1 I ndicd Omnibu and to at v high prices the yeur i andard Industrials sluggish. Ami and United Sta tionally lower. jected o bed Were well the net | £ were s Motors selling but nd in most e I Des | had agrec and Suit active in t s Rubber ts higher at higher in quiet trading - j tures declined 4 to 1% points, but t sugar market displayed a firmer ¢ Weekly Bank Report the excess Aggregate re 000 s in own vaults incre | kerve the Fede member banks, demand deposits. $16.54 Forelgn exchanges held steady in quiet trading. Demand sterling ruled just above $4.86 and French francs {were quoted just under 3.75 cents | STEEL TRADE SLOWS UP. Reserve Bank of 0, and ne Production Curtailed and Are Less Stable. NEW YORK The steel industry gav | dences of slowing down past week, but the unfavorable com purisons were with the peak of ac experienced the close of last was curtailed slightly and prices Production. which has been vy since the turn of the year, ailed slightly ad prices displayed less stability, but steel poration orders for January were ex pected to show small gains. Pig iron was quiet and unsettled, owing to the fuel situation and imports of foreign | metal Copper advanced on firmness in accompanied by a revival of Xport demand Prices February & (P)— further evi during the | WHEAT MARKET LOWER. Poor Export Demand Weakens Sat urday Quotations. CHICAGO, February 6 (#)—Con- !fronted by evidence of poor export demand the wheat market here un- derwent setbacks today after an early advance. Profit-taking sales on the part of holders counted also as a bearlsh factor in the late trading. Only o moderate reduction is expected to be shown in the domestic visible supply total on Monda closed easy, % to 1l net lower, corn, 14 to 1 off, and oats showing 1, to 14 decline. WHEAT— _Open May (new) 1 May (old)... LRE 388 PRE PEE TPE T e “RYE— S s ke ko = 232 points | € | common t SUNDAY STAR, WASHINGTON, D. 0, FEBRUARY %, 1926—PART T. Large Sum in Bonds Called This Month Ahead of Maturity By the Associated Press NEW YORK, February 6. total of $46,454,600 of wummum. bonds has been called for paiy ment this month aheads of - turity, of which $38,376,300 are in entirety. Parts of issues called to satisfy sinking fund require ments comprise the balance. for elgn government bonds aggregat- ing §8,209,000 also have been d for payment um month TRACTION AND SUGAR BONDS ARE LEADERS Profit-Taking Cuts Down Gains. Foreign Issues Strong on Saturday. Irregu in today’s was kept in local company NEW \(ll{l\ lar tendencles developed bond trading, but interest alive by displays of activity traction lssues and sugar liens. In response to the annou the city would spend more 000,000 for new subwavs, I tlon securities started off toward higher levels, but yielded their gains in the late ading under the pres sure of realizing sales ment w nsidered only view of the rapid rise of these over HGibst fortnight Profit-taking also involved the sugar group, but failed 1o check the buving of Warner Refunding which 1 vanced 1% points and Cuba Cane { which moved up fractionaliy. Ver {tientes Sugar 7& fell back » points. | Pan-American and other turned heavy a4 firm tone plaved by mis i 1ch s Internatio Paper 6s Tire & Utah Pow Tror sudden upturn in Frer al and municipal ol trading in the foreign divi an bonds Wwere tr A loan to r exchange iz arranged by Sumimer February 6 natural i issues heous ors’ ch govern tions fea sfon. ent would be CONTEST OVER SAVAGE ARMS CONTROL SEEN| NEW YORK. Febr contest for ration by in the Corp hang my ved in the finan toree FOREIGN EXCHANGE W, YORK. Februa “oreign exchanges d cents) Br 1567 54 1-16: cables (Innu‘u‘ly Lol mark, 24:68 Montreal, 9% BALTIMORE LIVE STOCK. BALTIMORE. February & (Spec ’ eral live cattle market ru v at the stockyard, but easy quoted on the wharves. While there is little stock arriving by boat, stock vard receipts e bLeen normal ailing, which is bef ter, but centered on cattle of firs grade quality. Not much demand for ordinary k. Quota tions today at Light street whart: Beef cattle, first quality 9 10 10 common to medium, 5 to 8. | as to quality, 4 to 6. Cows to fancy, 4 to 6: common to Oxen, as to quality, 4 to 6. hoice to fancy, head, sommon to f: Calves, veal, choice, dinary to medium, common, § to 10; heep cholce, 6 to 7; o s, common, 2 to 3 choice, 13 to 16: f: common, thin, X to 10. Hogs, straight, stags and boars, to 1 POTATO MARKET STEADY. CHICAGO. February 6 ().——Pota toes, receipts, 71 total United ates shipments, ding fair, market steady; Wisconsin round whites, '3.90a4. sacked, round white sacked, russets, 4.0 FEDERAL LAND BANK BONDS | NEW YORK. February 6— cho! Milk 50.00 to to 14; sows, § to 10 : live pi 14 Idaho, i“. Wheat | 1 May 1§ 4% January 194 1is T & T 105300; William H. Kyle Loans—Insurance 1410 G St. NW., Room 15 Phones—Main 6627. Kes., Frank. 5191 Consultation invited to those hav- ing funds to Invest in real estate foans. —on improved D. C. property at prevailing rates of interest. See Mr. Field Hedges & Middleton, Inc. REALTORS 1412 Eye St. N.W. This develop- | h and | L% to 10, | 4to] pring, | i FPINANCTATL. 33 TRADING EXCITING ON CURB MARKET Woodward Iron Jumps 16 Points to 98—Carih Syndi- cate Feature of Week. By the Associated Pres NEW YORK market on th veloped into and activ aff iday sion. In the trading in seve shares reminde lowers of the boom diys The widest movemer Woodward Iron points s, nore to were proved ings ol volume with a gain of after declinin support Ite most mo: mer issue cwir I ament { dur 8s. | | | 1 for | | i sacked, | i nnesota, | || voiume when the hat d LIVE POULTRY EASY CHICAGO, Febra v ngbie & Richardson. K16 15th StNW Stock and Bond SALESMA bt T must e Liberal contract, assuring large income to man of abilit who will work hard. Fullest cooperation. Apply between 112 and 2. PETER WHIT 3 INVESTMEAT NEY BLDG ” Invest with “Roxy in His New Theatre “Roxy" iends can now become his partners through an investment in Roxy Theatres Corpo tion. In his own theat *Roxy” promises to outdo his previous successes, and those who have confidence in his ability will seize this opportunity for good come and profit. Send in for full YATES & McGINNISS 222 Investment Bldg. Main 4585 the rmati Send me information on the above Address s 7 First Mortgage Bonds | Callor write for Booklet N1 o LosSTO AN IeT LOSS TO ANY INVES Money to Loan u...m Buyers s Building, 813 Fiftecnth Street n emall mo o 1 33 YEARS | Second Trust Notes Bought | L. GARLAND KENDRICK Clarendon, Va—Clar, 4 Copper Stocks Next? Th(- F.H.Smith Co. | Continental Trust Company Capital One Million Dollars 14th & H Streets American Securities Service 859 Corn Ex. Bank Bldz.. New Vork = FIRST MORTGAGE\ Money at 517 Very Desirable Conditions sranted Tyler & Rutherford Loan Correspondent « Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Avenue Phone Main 475 WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washin DALY in and let us explain Commercual Nat’l Bank Tth and G Strect surces $13.000,000 rest ome on lances R. GOLDEN DONATDSON, PRESIDENT | J First Trust Money ON HAND —Available for Both Building Loans and Completed Properties t Mortgage Notes For Sale » $100, $2590, § W fl . $1,000 617 Interest v D. C. Renl Estate . H. Saenders Co., Inc. Reasonable Interest and Commission JAMES F. SHEA N.W siana Ave. Buy building realize a fair per cent of interest on vour in- vestment —and able to it profit. be at Py sell mew an (== D) Hficges & Middleton REALTORS o R e Ty | M2 Eye St NW. Fanklingses ortance ot One » entru I'sate. ure this is tc mvestment 1l 1 by canization SAUL (‘() 923 princ aged B F “Where Security Is a Surety” Mortgages Guaranteed by an Qutstanding Surcty Co. The First Mortgages Securing the 6% Real Estate Bonds offered by us are GUARANTEED AGAINST of either principal or interest by LOSS The United States Fidelity & Guaranty Co. with assets of over $41.000 N0 or by The Maryland Casuaity Co. with assets of over $36,000,000 rfld on the Morris Plan of Deferre | 5% interest will be allowed on the snstall- rinations $100—$500—$1,000, THE MORRIS PLAN BANK Under Supervision of l'A S Treasury 1408 I St. N.W, o Main 2486 ments §f desir ments. Denon