Evening Star Newspaper, February 18, 1926, Page 30

308 5 FINANCIAL. THE EVENING PRICES IRREGULAR IN'STOCK MARKET: Profit Taking Wipes Out| Many Early Gains—Steel Is Under Pressure. NEW YORK STOCK EXCHANGE Received by Private Wire Dire.t to The Star Office Close. 83 174% 59% 8l 1144 Migh. 83 17% 59% 8% L% 13% 1411 136% 121 90% 109 30% Low. 82'% 174% 5% 8l 13% 134 141% 184 121 90 109% 304 Oven 821¢ 17% 59% 84% 1147 133 141 1354 121 904 1097 30% Open. High. Low. Closs. Fox Film A (4) 4% 75 2% 13% | Freeport-Texa: 24% 204 24% 26% Gabriel A(13%). 40% 40% 40% 40% Gen An Tnk (3). 51 1 650'% 60V 140 |Gen Asphale. 641 64 64K 64% L1 | GenClgar (8)... 113 1131 113 113% 18475 | G0 Clgar pf (7). 116% 116% 115% 115% 121 "|Gen Electric (8). 876 886% 376 382 0% GenFll spec(§0c) 1% 11% 11w 11% 1097 | GenGas A (1), 53% B53% 53% Gen Gas pf B (7) 98 98 98 AbItibl Pow (4). Advance Rumley Ad Rumley pf(3) Ahumada (t1).. 41r Reductn(+6) Alax Rubber. ... All Am Cable(7) Allied Chem (4). Allted Cm pf (7). Allls Chalm (8). Allis Chal pf (7) 30% BY STUART P. WEST. Spacial Dispatch to The Star. NEW YORK, February the greater of the Staek Exchange session today it was hard 10 discern nerai drift one way or the other. The ness was ahout the nesds which me: down considerabl standards. But Imy and sell special and not 18.—Dur- ing part any volume me as of Wed ant that it was from recent high ders continued to ticular stocks f ¢ general reason International Mercantile Marine is- <ues, both bonds and stocks, were Selling of the preferred shares was persistent and was accomparn hv unofficial reports that the 1 earnings statement would make poor showing. Baldwin Again Weak. There were intervals when covering carried prices higher, and there were peric when stocks were . freely supplied. The et did jike the Baldwin Locomotive 19 port anr more than it had th ! vious day., but it couid not the numerous times when this account of lts marrow P! s been oversold T .v;‘:‘p‘;' !I"'l:p\ was simply _drifting 4 Nentiment was against the steel Froup on account of the dis (l;\luuhl:l ing trade advices. But it w no " overlooked that l':uwd stat cas down nearly 10 poi i s O ™hat Bethlehm Steel. Re- Wblic Iron and Steel and Younsgs- tomn Sheet and Tube were drawing near lowest of the year. Seaboard Air Line Up. ing appeared in Seaboard A the preferred making : it went through 48. Rock again. tl'hem- ."Ohio and Reading were lower. & O o ihs of New York made hizh when it reached 104. ~The iction stocks, Interborough Rapid ransit and Third Avenue, were ll.\t- higher. The talk in this connectior wis that Consolidated Gas was in @ position to pay higher dividends. Montgomery Ward was a ~mong stocks of distributing panies, selling into new high g n the present move, with buying un icually heavy. In 19 cumul tions on the stock totaled $1 . share, all of which was cleared ur with the final payment on December of $7. A reserve amounting to ap proximately $1,200, 00 has bheen set up for the eventu retirement of l\|'l" outstanding nrv(Prrod‘ tock. “"\:L‘"n:v\ on the common in 19 mounted to xé'n?.h. <hare. compared with $6.18 in the previous vear American Can Higher. an Can, both old and to new high ground, yvering, following the recent in the old shares from the| 1s high, began to assert itself. | short time ago again made Jublic its proposed recapitalization plan. whereby the old hares are to he split up on the basis of four new for each of the old. plus a. 50 per cent stock dividend, making a Jlotal of =ix| shares for each of he pres . Cash e i conserved to satlsfy re- quirements for a big construction pro- <ram Best Prices Near Close. What the day on mhe S‘szh};“ c indicated more than anything change M that while there was little new initlative in the buying, complete holders of stocks were in no hurry to <cll. They were willing to se out a hizher prices, but they were not will- ing to follow the market down. Pro. fessional traders sensingy this con- tinued to cover through thé late after- noon in the steels, motors and other T Street had evidently mot been fully prepared for the action of direc- | tors of Texas Gulf Sulphur in putting ihe stock upon a $10 basis after the previous $8. The Sulphur shares were fetively bought in the last hour. V ‘ous industrials like American Can nd General Electric made new highs “The best prices of the day were as a rule made in the final dealings. MARKET CLOS| STRONG. tr: £ : e pre- | forset | tock, ating 3 United tand peake Consolidated new i Ame when | went short decline American Violent Upbidding in High-Priced In- dustrials Noted. NEW YORK, February 18 (®).— The closing was strong. Violent bid- “up of the high-priced industrial | specialties pulled the general list {5 higher levels in the late dealings, despite heavy selling of Marine pre- terred, which broke nearly 6 points. ‘American Can and General Electric cach extended their zains to nearly i» points, touching record high levels for all time at 32914 and 3841; respectivel: Total shares. arkets at a Glance NEW YORK. (®).—Stocks hizher; American Can and General Electric at new record levels. Bonds irregular Chicago and Alton issues rise on mer: er rumors Forelgn exchanges en at mew high: francs wear's low. Cotton steady: trade buy- ing. Sugar steadier;: improved spot situation. Coffee advanced; favorable Brazilian markets CHICAGO—Wheat higher; firm for- eign cables. Corn steady; better cash demand. Cattle steady to strong. Hogs active and higher " DIVIDENDS. Amt les approximate 1,230,000 | Stoek of record. Mar 15 Period Rankera Trust (ord shares) 5 Burns Bros pf Burroughs A M Do _pf Com’ Tnv Do 8 Feh Mar Trust o ot Do 7¢% pf.. . Crucible “St1_pf. Cuban-Am Sug Do i Fajrbanks M Do © Do Foundation Co GL_Atl & Pac Co Inc Gt_At'& Pac Tea o Am : Do_pt tnt Salt Rraft Cheese Coo © ceoosceCletoes € 23 “ S Nat_Transit ‘Co NEwTE&T Py & “Gambie 6% nf. Rand Minex Lid. . Do bf.. Spalding. A G Do 1ai nf Do 2d pf 1S D st pf.. Do B4 bt ohec ococo © Prod | oo NEW YORK ME NEW YORK, February 18 (P).— Copper quiet; electrolytic spot and fu- lures, 14%al43%. Tin firm; spot and 64.80; futures, 63.00. Iron prices unchanged. Lead: of busi-| short ’ not | | Am Sugar (5) . Am Agricul Chm Am Ag Chm pf.. Am Bank N 1.60 Am Beet Sug (4) Am Bosch { Am Brake Sh (6) | Am B Shoe pf (7 Am Rr Boverl. .. Am Can (18).... | Am Can w.1 | Am Car&Fdv (8) Am C&Fpf (7). Am Chain A (2). Am Drug. Am & For Pow IAmM& FPpf (7). Am Hide & Lea. . Am Hide & L pf. Am Internatl Am La Fran (1). Am Linseed. Am Loco (8) .. Am Metals (4) Am Metal pf (7) Am Radiator (4) Am Safety R (3) Am Ship & Com. Am Sm & Ref (T* AmS&Rpf (T). Am St1 Fays (3) Am StI Fy pf(7). Am Sugar pt (1) Am Sumatra. ... Am Tel&Tel (9) Am Tobacco (8). Am Tobac B (8 Am Wa Wo 1.2 Am Woolen Am Zine. Am Zine pf. Anaconda (3) Archer-Danlels. Armour.Ill A (2) Armour,Iil (B). Armour 111 pf(7) Arnold Con (n).. Artloom (3) . Artloom pf (7). Asso Dry G(2% ) Asso Ot (2). Atchiren (7). Atchison pt (5). AtIBirm & At... Azl Coast L (19) At GuIf&W I.. Atlantic Refl Atlan Ref pf(7). Atlas Powdr (4) Auto Knitter. ... madwin L (7). Bald Loco pf (7) Ralto & Ohio(5) . Bal & Oh pf (4). {Banz & Ar (3)... Barnet Leather. Barnsdall A (2). Barnsdall B (2). . Rayuk Clgar. . Bayuk 1st pf Reech-Nut (13). Bethlehem Sti_.. Beth Stl pf (7) Beth Stl pf (8) Botany A (4) Briggs Mfg (3).. British Empire. . Bkl Edison (8) . Bklyn-Mn Tr(4). Bk-Man T pf(8). Bkiyn TIn G(4) Brown Shoe (2) . Brunswick-Balk Brunswick Ter. . Buff R&P pf (6). Burns Bro (10). Burns Br B (2).. Bur Add Ma (3). Butte Cop (50c). | Butte&Super(2). Byer & Co... Caddo Central Calif Pkg (18)... Calif Petrol (2). Callahan Zinc. . . Calumet & Ar 4). Calumt&H(113). Can Pacific (10). Case Threshing. Cent Leather-.. .. Cent Leather pf. Century Rib (2). Cerre De P (15) . Certain-Teed (4) Chandler (3).. .. Chandler-Clev Chand-Clev pref. Chesa&Ohio (4). Ches&O bf (6%4) Chi & Alton. Chi & Alton pf Chi Great West. Chi Gr West pf.. ChiMil &St P... CM&StPectfs.. C Mi{1&StP pf cfs Chi Mil & StP pf Chi & Nwn (4).. Chi & Nw pf (7). ChiPneu T (5).. ChiR1& Pac. CRI&PDpf (6). Childs (32.40)... Chile Cop (2%4). Christie Brown. . Chrysler Corpn.. Cluett Peab (5). Coca-Cola (7). .. Colo Sou 1st (4). Col G& B (2.60). Col G & Epf (1. Col Carbon(4). .. Coml Cred (1%) Com Cred 1st 613 Com In Tr pf 612 | Com Soiv A (4).. Congoleum-N... i Conley (sta) Consol Cigar.. .. Con Cigrs pf (7). Consol Distribut Consol Gas (5).. Consol Textile. Cont Can (16)... Cont Insur (6).. Cont Mot (80¢)... Corn Prod (2). .. Corn Prod pt(7). Coty 1nc (4) Crex Carpet (4). Crucible Stl (5). Crucible pf (7).. Cuba Cane Su. .. Cuba Sugar S of. Cuba Co (4).. Cuban-Am S (2). Cuban Domin. Cuban Dom pt Cudahy Pkg (7). Cushman’s (3).. Cuyamel Fr (4). Dantel Boone. Davison Chem Del & Hud (9) Del L & Wn (7). DRG Wstpf... Detroit Ed (8) Devoe&Ra(2.40). Dodge Bros CLA. Dodge pf (7).... Dome Mines (2). Douglas Pec (1). Dupont (10 Dupont deb (6) .. Dugquesne pf (7). Eastman (18) Eaton Axle (2).. Etsenlohr & Bro. El Auto L(16%2). wlectric Boat. Elec Powr & Lt. EIP&Lpf(T).. Elec Sto Bat(16) Emmerson Brat. Emmerson B pf. End John ().« Endicott pf (7) 1o R R. Erie ctfs Erte 2d pf. Kureka Vac (4).. Fairbks Mor (3). Famous Pi (8). . FedLight(*1.40) . Fed Min pt (7).. Fifth Ave (64c). First Nat Stores. Fisher Body 5). Fisk Ru Zinc quiet; East Dot _and nearby, 7.45a7.50; T4027.45. Antimony. sy Fleischnistaew) | FoundaSem ves. B8% a1 84% 29 ) 115% 445, 113% 80% 104 11% 149 116% 116% 6T% 34te 116% 17 67% 345 10 41 494 2% 5% 163 9214 Tt 59% 110% 61 H8% 131 957 8 228% 564 106% 116t 564 17 110%% 110% 91t 69% Byer & Copf (7). . 164% 150 45% 136 497 423 867% 19 22 226 102% 113% . 311 30% 17% 79 T 31% 95% % 3 19% - 69% 117 36 35 40% 49% 554 118% 87 8T% 19% 44 97% 28 ) 15 % 88% 0% 84 28% 172 88% 40% 34% 2874 175% 128% 42 831 55% 107% 1 | Gen Motors (7).. Gen Mot pt (7). Gen Outdr Adv. Gen Outdr A (4). Gen Petrm (3).. GenRySig(t4%) Gltdden (2).. Gold Dust. ... Goodrich Ru'(4) Goodyear pf (7). Goodyr pr pt(8) . Gotham S H 214 | Gotham pt (7).. Gould Cou (2) | Granbv Conso Grt North pt (6) Gt Nor Ore(1%). Grt Wstn Su (8) Green Canan.... Guantanamo Gulf Mo & Nor. . GuM&Npf (8). Gulf States S (5) Hartman (214 Hayes W (+314). Helm Geo (16% ) Hoe& Co A (4).. Homestake (16). Househd ((+314). Houston Of1. .. . Howe Sound (3). Hudson Mn (2%) Hudson Mot (3). Hupp Mot (1).. Tl'not= Cen (7). Indep Of1 (1)... .. nd Motrey (50¢) ndfan Refining. Indlin Refg ctfs Inland St (2%).. Inspiration (2).. Internrb Ran Tr Intcontal Rubber Inrefnat Aeri Int Ag pf pf (7). Int Cement (4). . Tnt Com Eng (2) Internat Har (5) Inter Har pf (7). IntMatch pt 3.20 Int Mer Marin Int Mer Mar pf.. Int Nickel (2) Int Paper. ... Int Shoe (8) Int Tel & Te! Jewel Tea. ... Jewel Tea pf(7). 1 Jones Bros Te: Jordon Mot (3). Kan City South Kan C So pf (4). Kayser J (3). Kelly-Spring Kennecott (4 Keystone T& R. e S S(1.20) Kresge SS pf(7). Kupenhm pf(7). Leh&Fink ctfs 3. Lifesavers...... Liggett & M (14) Liz & My B (14) Lig & M pf (7). Lima Loco (4).. Loews Inc Loft Long Bell A (4). Lorillard (3). Loutstana Oll. .. T.ouls GasA (1.75 Louts & Nsh (6). Ludlum (2). MecCrory B $5.60. MeCrory pf (7). Mclntyre P (1).. Muck Trucks (6) Mackay (T)..... Magma Cop (3). Mallison & Co. Manatf 3 Man El Sup(314) ManEmd g (8). Man-Elev gtd Man Shirt (1%). Maracaibo Ofl. .. Marland O11 (4). Marlin Rock (2). Martin-Parry (2) Mathieson (4)... May Dept 8t (5). Maytag (2).. Mexican Seabd. Miami Cop (1).. Mid-Continent. . Mid-Cont pf (7). M1ddle States. .. Midland pf ($9). Minn & St Lout WS T0an B Tex . MoK & T pt (). Misrourt Pacific. Missour! Pac pf. Mont Power (4). Vontgom Ward. Moon Mot (3) WotherLode (7! Mo Plcture(1%4). Motor Met (3.60) Motor Whi (2).. Munsingwr (3) Murray Body.... Nash Mot (+17).. Nat Acme (sta). Nat Biscuit (14). Nat Cash Reg A. Nat Cloak (4) Nat Cloak pf (7) Nat Datrv (3) ) Tnam pf (T) Lead (8)... . | Nat Pow&Lt 40c. 1% 404 1247 53% 44 4% 99% 11 47w 48% | 28% Nat Supply (3) Nevada Cop (1). NV Afr Brake: NYAIrRrA Y Canners (2). Y Central (7).. YC&StL (8). YC&StL pf cfs. Y N H & Hart. NYOn&Wn NY Rys part *NY Rys pf t cf: Niagara Lockpt. orfk & Wn (18) orf & W pf (4). North A (B3.40). North Am pf (3). orth Pac (5). Norwalk (1.60) 011 Well Sup ( Omnibus........ Oninibus pf (8) Onyx Hos pf (7). Oppenhetm (3).. Orpheum Cir(2). Otis Elevator(6) Otis Steel. . ] Otis Steel pf. ; Owens Bot (4). Pacific Coast. . Pac Coast 2d (4).. - | Pac Gas & Ei rts | Pactfic Of1 (3)... { Packard Mot(2)., Paige Mot(1.80). Pan-Amer (6)... Pan-Amer B (6) . Pan-AmWn B(2) Panhandle Panhandle-pf. Park & Tilford Park Utah (60c). Pathe ExCIA. .. Penick & Ford. .. Penn C & Cke.. Pennsy RR (3) Penn-Seab Steel. Peoples Gas (3). 1 Peoria & Esst. Pere Marq (4)... Pere Marg pf (5) Phila Co (4). Phila& RC&].. Phillips Pet {3). Pierce-Arrow. Pierce Oll pf. Plerce Petrol.... Pitts Term Coal. 21 83 7% 67% 46 4% 37% 26 6 56% 98Y | Pitts & West Va. 112 28 534 Porto Rico Tob. . Postum (4.40)... 1 72 03% 158% ] Press Steel Car. 63% 126% 116, 31% Fdle 66 6 23% b4 65% 107% 107 40% 101% 204 22 4% 264 106 12 824 125 4% 31% b4e b6 %% 23% bl 644 107 107 404 1014 201 21 126 115 31% 54%e 55% 757 23% 53% 65Y% 107% 107 40% 101% 20% 21% 4% 26 4 104 12 8 324% 101% 84 324 RAILROAD BONDS MARKET LEADERS C. & A. Liens Up—Treasury Fours Gain—But Few Wgak Spots Noted. BY GEORGE T. HUGHE! Special Dispatch to The Star. NEW YORK, February 18—Rail- | way issues were more prominent in | today’s bond trading. Speculatively, the feature was the rapid advance in Chicago and Alton 3148, which, cross- ing 57, was at a new peak for the year. The commonly accepted explanation wus that the rise forecast merger de- velopments, the Frisco-Rock Island System and the Loree Southwestern being mentioned as possible There was also the possibility : reorganization, under which these 314 per cent bonds would he un- disturbed. Chicago Great Western 4s was another strong railroad issue, which at 68 was up a point on the day and also at a new high. Western Maryland 4s duplicated the high of the day hefore. In higher grade railroad obligations, Rock Island refunding 4s were in ac- tive demand, ad: level of 1 - ash 54s galned a 13 point, and Southern Pacific refund- ing 4s was higher. Atchison general 4% and Terminal Railway Association of St. Louis 45 went up slightly. So did Norfolk and Western divisional 4s. United States Government bonds were steadv. with the most interest shown iIn the Treasury, 4s. The $12,000.000 Otis Steel first 6s. of fered today to vield 6.16 per cent. were oversubscribed. Other new issues included $17.500.000 Pacific Mills five year 513 per cent notes to vield 6.2 per cent and $5,000,000 State of Illi- nofs Highway 48 at par Pr St Car pf (7). Prod & Refine: Pub Ser NJ(5).. Public Serv rts Pub S NJ pf (7). 108 PubS N J pf (8) 118 PubSe E&G pf 6 99% Pullman Co (8). 165 Punta Aleg Sug. 4% PureOll (2)..... 29 RadloCorpof A. 42 Radio C pf (3%). 4é% Rwy St1Sp (n).. 544 RSTICefs (). 73 Ray ConsCop... 12% Reading (4) 8615 Readingrts..... 2% Reid Ice Cm (3). 53 Remington Type 114 Remingtn 2d(8). 1084 Replogle Steel 12% Rep Ir & Steel... 55% Rey Tobac B(4). 943 Robt Reis& Co.. 18 Rossia Ins (6).. 951 1Du(al133). 63" St Joseph L(13). 4674 StL & SanFr(7). 96 StL&San F pf(§) 87 Savage Arms(4). 91% Schulte (§8).... 132 Seaboard Alr L.. 4815 Seabd AlrLpf.. 47 Seagrave (1.20). 131 Sears Roebk(6). 219 Shattuck F G (2) 64% Shell Un (1.40).. Shell Un pf (6).. Seneca Copper. . . Shubert Theatre Stmmons(12.26). Stmms Pet (1) Sinclalr Of1 Stnclalr pt (8) Skelly Ol (2). Sloss Sheft (6) South Pac.(8).... South Port S (6) Southern Ry (7). South Ry pf (5). Splcer Mfg...... Std Gas & El (3). St Ol Calif (2).. StONINJT (1). StOII N J pf (7). Std Plate Glaes. Sterling Pro (4). Stewart War (6). Studebaker (16). Submarine Boa Sur Ol (1) Symington Telautogph (1%) Tenn Copper (1) Texas Co (2) Tex Gulf S (8) Tex & Pacific. Tex&PacC&O. The Falr (2.40). Third Avenus... Tide Water (1).. Tide W Ofl pf(5) Timken R B (14) Tobac Prod (6).. Tob Prod A (7).. Transcont Oil... Underwood (3).. Un Bag & Paper. Union O11 (2)... Un Pacific (10).. Un Pacific pt (4) Un Tank Car(5). Utd Al Stl (50c) . UtdClgar(®3%). Un Cig Stpf (7). U 8 Distributing United Drug (7) Utd Druglst3%. Utd Fruit (+12). Utd Papbd (50¢) USCIP&F(10). USCIPpL (7). U S Hoffman (3) U S Ind Alcohol . S Realty (n).. Rubber-.... Rub 1st (8). Smelt (3%). SSmpf (3%). US Steel (17). .. U S Steel pf (7). Universal Pipe. . Univ Pipe pf (7). Utll PEL A (2).. Vanadium (2)... Va-Caro Ch ctfs Va-Car Ch(n)w { Va-Car Ch 6%Df. Va Iron Coal& | vivaudou. Wwabash. Wabash pf A (5. Waldorf (1%) | Walworth (1.80). Ward Baking A. Ward Baking B. Ward Bak pf (7) Warner Bros. ... Warren Bros(4). Weber (4).... . West Pen pf (7). West Maryland. West Md 2d pf.. Western Pacific. West Pac pf Western Un (3). WesthseAB(!7). Vs estinghse (4). Weston Elec Weston A (2 Wheel & L Erle. Wheel & L E pf. White Eagle (2). White Mot (4)... White Mot (rts) White Rock{1.80 Wickwire ctfs. WHitys-Owverland Willys-0d p£(7). ‘Woolworth (5) . Worthn Pump. wright Aero(1}. Yale&Town (16). Yol T & C (76¢) . 32% 381% Youngstown 4). 81% 81 Dividend rates as given (n the above are the annual latest quarter! Pty n Paid this year. nnaonlllin stock.. 3. 89 144 86 % 894 15 864 " 108 18 991 B4k 96 87 93% 183 484 48% 184 217% 614 264 104% R b’ Bils 263 24% 94% 314 123% 101% 184 1148 o1 29% €31 58% 44% 118 9 813 86 57% u Us B us Us u 72 32 23 64% 43 80% 47% Kt} 19 21% 170 66 109% 15% 481 66 100 15 21% 35% 80y 142% 120 k{3 184 30 26% 46% 28% 845 64 85% 2% 30w 98 2084, 39% 824 63% ) 21% 361 50% 1443 121 76% 18% 31 26% 46% 28% 85% 6% 86 2% 31% 98%, 201% 413 83 64 30% 983 203% 39% 32% 64 31% B1% tal s 32, ety i 20 noted. extra or e ab ancing to the best | < | Tergens U M 6s°47. 95141 Orient Dev deb 6s. . Rl | Pactfic Gas & Ei 6s. HURSDAY., FEBRUARY 18, 1926. | N NEW YORK BONDS STOCK EXCHANGII Received by Private Wire Mirect te The Star Office UNITED STATES. fos Sales. High. Low. Close. (Sales are in $1.000.) Public Service 6s.. 13 103 102% 103 . |PubServ Elec6s... 6 108 107% 107% Y nn 55 10053 100 25 | P Serv Gas5%s’s3 10 106% 105% 106% 1022 1021 1021 [PServGasilss 105 104% 104% 100 26 100 24 10024 | Punta Alegre 7s 109% 109% 109% 101 10080 101 Remingtn Arms 84 84 84 | 10214 10211 10211 |RepIr&Steelbs... 4 997 997 99 US4s1944 308 1046 104 1046 |Dog Brownlion7s. & (T2 1% 124 US4%s’s2 6 10729 10728 10728 | ZRCAE O 08 - 124 1114 111% FOREIGN. | Sinclatr Ofl1 78 06% 96% 96% igh. Low. Close. 87% 874 8% 99 98% 99 98% 95 98% 987 984 1017 101% 97% 9% 102 101% 9% 9T% 100% 100 8% 8T% ga% 94% 97k 97V 110% 1104 1077 107% 100 86 928 103 101% 103 4 1024 101% 108% 481 110 924 981 4 102% Close. Lib2a 4y, Lib3d4%s 71 Ztb 4th ¢34 202 Sin Crude Of1 Sin Pipe Lind IS0 Por Rico Sug Southwest Bell 5s. . Sug Est Orfent7s. . Tenn Elec Pow 6s. . Toledo Edn 1st 755, Unlon Bag & P United Drug 6 U8 Rub 1st rf bs U S Rubber 7%s. USSteel st 5s.. Utah Pow & Lit 53. | Vertientes Sug 7s.. | Warner Sug 7s°39. Warner Sug 7s *41. West Elec bs. Westn Unlon 614s. . Westinzhouse 7s. Willy= Ov 6145 '33. Wilson & Co 1<t 6s. Winchester A 714s. Youngetn S & T s RAILROAD. Atchison adj 4s 1 85% Atehison gen 4s.... 97 914 Atlantic C L ¢l 45 928, Atlantic C L 18t 4s. AtlanticCL 7s.. At & Dan 2d 43 43.. B& O Gold 4 B&Ocv 4% B&Oref b8 B&OIstisct. 100% 100% 90k 904 107% 107% 102% 102% o7% 98 104% 104% 109 109% 106 105 1055 106% 94 944% 107% 107% 108 108 964 96% 97% 98 8% 8T% 98Y% 98% 100% 101 1z 12 106% 105% 103 103 100% 100% 102 102 10215 102-&1 101 90% 107% 102% 98 104% 109% 105 106% 944 107% 106% 264 98 874 Argentine 55 €sA. Argentine ¢< B. Argentine 7s Australtan §s Austria 7s Bank of Chile Bank of Japan Belgium 6; Belgium §35s Belgium 7s, Belgium 7%s. RBelgium 8s Bo'iv Bordeaux §s. Brazil 7s. Brazl 8 Canada 5s 1931, Canada 55 1952 Canada 51451929, . Chile 751843 .. Chile 851941, .. Chinese Gov Ry | Christianta 8 Con Pow Ja Conenhagen 514 Cuba Ys. ..., | Czechoslo 734 s rets Czecho 8s 1951 Czecho 85 1952 Danish Munic Danish Munic Denmark 6s. ... DEI6%s Mch '53. DEI5%s Nov '53. Dutch East 1 6s°47. Dutch East I 65 42 Fl Salvador 85 '48.. Finland s ¢ 63 45.. Finland 7s.. Framerican7% French 7s. French 714 French German EI P 6%s. . German7s. .. Ger Agr Bank 7 Ger Gen Elec 78 Hait! 63 Holland Amer 6%;s Hungary 6%s Ttaly 7s... Japan Japanese 6148 11 30 2 12 86% 91 91% 58% 81k 1 91% ki) 10 7 3 41 .. 21 71 95t 95 103% 108% 1034 103% 1064 1067 o1 914 991 99% % TR 8% 954% 89% B89% 115% 116 8114 B81% 107% 107% 104 104 102% 102% 5 901 90% 995 99% 98% 98% 93y 93% 180 130 67 67 B56% 5T% 64% 55 92 93 s 104% 104% 924% 93 7% 1% 674 68 524 b24% 5ls Bl 52% b2% 82 83 52 b2 bl% bGl4 91% 94 652 52 5214 b2% 5 O1% a7 1% 874 88% 112% 112% 1077 108 T6% 76%] 8 86 89 89u | 9% 95 | % 102% 102% 10155 101% | 117% 117% | &) 84 | 102% 10! 98%s 9873 101% 101% 103 1034 984 984 296% 96% 914 9l 106% 106% 96 96% 112% 112% 103% 104 88 88 98% 95% 6914 694 91 91 T TN TI% 2% T2% 2% 724 834 8315 108 108% 106 106 105% 103% 97% 9T% o1% 98 107% 1074 115% 115% | 99% 99% | 103% 103% 1124 1124 9L 94% 80% 8014 864 864 | 10343 1034 1014 101% % 71 101 | T4% Tan | 9% 1% 105% 105% 727 73 | 225 2074 9% 91% 76 76 95% 96 85% 85! 98% 983 97U 97w 102% 102% 9% 9% 110 110 105% 105% 64% 64% 98% 98% 931 94 22% 2 18 16 89% 89% 99y 99y 987% 9914 102% 102% 86 GWVds.. b R&O Sw Div 55 cfs. 52 B & O Toledo 4s. Pklyn Manhat 6s Buff R & Pitt 41 Canad North 7s. . Canad Pac deb 4s Car Clinch & O 6s. . Centof Gab%s Cent of Ga 6s. Central Pacific 4s .. Cent Pac 18t 55 '90. Ches & O cv 4ls Ches & O gn 4148 Ches & O cv b Chi & Alton 3s. Chi& Alton 3% ChiB & Q 1st rf 5s. CB&Q-Tildiv4s. . Chi& EIgn 5s. Chi Great We; CM&StP CM&StP 4 CM&StPdb4s CM & StP gn 4s '89 CM&StPcv4l4s. CM&SPcv4y;a32cts CM&StPgnilys. CM&StPrfd4lys. CM&StPraysef 14 CM&SP cv 5s ofs 14 Chi& NW gn3ys C &N W gen 4s. Chl & N W 614s. Chi& N W'is Chi Rys 58} - ChiRI&Fgnds.. ChiRI&Prf4 Chi Un Sta 434 Ch! Un Sta 5s Chi Unlon Sta 55 *44 Chi U Sta 614s. Chi & W Ind cn 4s. Lyons Mar Mexico 4504 asn*d. | Mexten 45710 nsntd Mexico 5s assented Montevileo 7s Netherlands 6s Netherlands 65" Nord 6%4s. . Norway 5%4s. Norway 65 1943 Norway 6s 1934 Norway 6s 1952 Paris-Ly’s-Med 6s. Paris-Ly’s-Med 7 Paris Orlaans 7s. Peru Tlzs. Poland 6s Poland 8. Porto Alegre 88 Prague %45 Queensland Rio de Jan Rio de Jan 85 1947. Rio Gr Do Sul 8s... Sao Paulo City 8s.. Sao Paulo 1960. Saxon P W 78 Selne Dept ct Serbs Crot Slo- Solssons 6s. Sweden 548 ct. Sweden 6s. .. Swiss 5%3 1946 Swiss Confed 83 Tokio 55. | Ud Kingm 6% | U4 Kingm 54%8'37. 47 Ud Steam Copen 6s. 9 Uruguay 8s. 1004 97 13 100% 1007 10074 103 JEPEP CCC&StL 4%s. CCC & St L bs. CCC& StLrf6sA. C&S1stds’29.... Colo & Sou 4%4s. Cuba R R 68. Cuba R R 7%s. Cuba NR6s66. ... Nal Hnd ev 5s °36. . Del & Hud 5%s. Den & Rlo G cn 4 D& Rio G imp bs. . D Rio G West 5s. Det United 4%s. . Erle 1at cons 43 Erle gen 4s. |Erfeconv4sA. “*1 Erfe conv B. | Erte conv 4s D. Erie conv ext 7s. Erfe & Jersey 63 Erfe Genessee R 6s. Erfe (Pa) cit tr 4s. | Fla EC 5874 Gr Trunk st db 63 Grand Trunk 7s.. Great North bs Great North 6%4s.. Gr North gen 7s. Hud & Man ref 5 “Tud & Man aj 53 | (11 Cen 45 63. 111 Central 53 11-C-C St L&NO bs Int Rap Tran 5 Int Rap Tr 6= stpd int Rap Tran 6 {nt Rap Tran 7 int & G Nor 18! int & G Nor aJ 8 fowa Cent rf 4s. Kan City Ft 8 4s Kansas City S 3s. Kansas City S 5s. [an City Term 4 Lake Shore 45°28. Lake Shore 48°31. . Lehigh Val 63 2003. Louis & N unt 48 Louts & Nash 5. Louis & Nash 7: Man Ry 1st 45 90. Market St 7s 40. Mil EI Ry & L 5s. M&StL1strf4s M&StLrfexss... MStP&SSMen 4 M StP & SSM cn bt MStP&SSM5s38gtd. M StP & SSM 6%, MK &T 1st 48 MK & Tadj 5s. MK&ToprinbsA. MK&TesC. Mo Pacific gen 4 Mo Pac 58 1965. Mo Pac 65 49 D. Mo Pac 6s 55 B. Mont Trm ref b Nassau E Ry 43 '57. New Or Term 48 N O Tex & M in 6s. NO Tex& Mbs B, NGT &M 5% N Y Cen gen 3% N Y Centr 168 N Y Cent deb i 2 {NY Cent LS cl3%.. 36 NY Chi&StL6%sA 7 NY Chi&StL5%sB 16 New Hav d 48°57... il | New Hav deb 4 e { New Havencd 86% INYOnt W 1st 4 94% New York Ry rf 4s. 9935 N Y Rys 68°65. . 13 N Y State Ry 4%s 101% NYW&Bos4%s.. 106% Norfolk & W cn 974 Northern Pao 3 101% { Northern Pac 48. 104 | Northern Pacr 1 & 119% Ore & Calif 1st 65 98 Ore Short L ref 102 Ore-Wash 18t rf-4 103% | Pennsyl con 4% 94% 943 | Pannsyl gen 414w, 101 101y | Pennsyl gen bs... 87% 81% | Pennsyl 6’6 1024 103 116% 98 108% 110 103% 106% 94% 99% 108% 108% 99% 102% 101% 106% o= 19) BRI0% 6 a e S-Baa 3 ao &2 | Am Agri Chem T%s | Am Chain 65 Am Cotton Ofl 55 Am Repub deb 6s AmSmit & R 1st 33 AmSmit&R6s. ... Am Bugref 6s..... Am T & Tol tr 4s. AmT & Teltros.. AmT&Tstos AmT& T deb5is. Am Water Wks & Am Writing Pap 6s. Anaconda 1st 6s. Anaconda cv db 7s. Andes Cop 7s Tc's. . Armour & Co 4148t Armour Del 5%s. ... Associated Ol Atlantic Refin b Barnsdall és ~tts 134 4 92 105% 759 22% 91% 75 96 8515 98% 974 102% 9454 1104 105% 648, 99 94 22% 16 891 994 994 102% 86% 947 9844 108% 68% 93% 104% 104% 7% 68% 86 98Y% 9814 103% 80 103% 108% 7% 100% 100% 62% 71 9944 691 60 3% 8% % 23 63% 88% 110% 100% 97% “85% 100% 96% 106 i 107?& 102% 101% 96% 89% 2% 96% 10 9tk 165 80 41 96 30 100% 56 95 Bell Tel Pa 68 C. Beth Steel pm b Beth Steel rf 68 Beth Steel 58 '53. Bethlehem Steel 65 Brier H St 1st 5348 Bklyn Ed gen 58. - . Brookln Union G3%s Bush T Bldg 65 °60. Calif Pete 6% Cen Leth 63 '45 cfs. Chile Copper és. IcinG E5%s82 Col Gas & 158 Commonwth P 68 Con Coal Md 1st 68 Con Gas NY 6%s Consumers Pow 58 Cuban Am Sug 8s.. Cuba Canecv 7 Cuba Ca d Dery (DG) 7 Det Edison 53°40.. Det Edison ref & Dodge wi 68 Donner Steel 7s, Duq L & P’ 5%s'49 Duquesne Light 103% 1034% 684 684 931 93% 104% 104% 104% 104k 97% 97% 63 63% 8514 86 9814 984 97% 97% 103% 103% 8% 80 102% 103% | 108% 108% 6% T1% 100% 100% 100% 100% 62% 62% 71 71 99% 99% 69% (9% 60 60 2% 8% 4% 1% 63% 63% 884 884 110% 110% 100% 100% 9% 9TH 84% 86% 100 100% 90% 96% 106 106 100 100% 112% 112% 107% 107%] 102% 102% 101% 1013 95% 95% 8934, 894 92% 921 8% 96% Sl 914 9% 80 9% 96 100% 100% UN 9% 28 88% B88% 88y 23 102% 102% 102% 101% 107% 96% 94 105% 106% 108% 1024 116% 105% | 111 | 121% 100% 98% 102% 12 49 122 Qoodrich 6% 86 Goodyear 8s 1931.. Good;.ll’ 8 1941.. Hershey 5%4s. . Hoe & Co 6%s. Illinois Bell 1st 5s. Illinois Steel 4% Indiana Sts SiE Int Mer Marine 6s. 240 Int Paper 53 "47.... &1 tnter Paper 6 6 Inter T& T 6%S 26 KCP&Lt6sA'52. 8 Kelly-Spring T Lackawa S 658 '60 Lacl G ref 583 Laclede G 5%s '52. Liggett & Myrs 7s. Louisv G & E b3 °52 Manat! Su; Mid-Con 8% s 104 5 23 17 58% 75 93 oy Montana Pow 5 Mor's & Co 1st 4%3 New Eng Tel bi N ¥ Edison NYTeld NY Tel 68’41, N Y Tel 6343, North Am Ed 6s.... North Am Ed 6%s. Nor Ohlo T & L 6s. Nor States Pow §s. Otis Steel 7%s. Otis Steel - » AN ENNS RO Ba® ONO R 99% |St L 103% | StL 108% [StL 99% StL 1024 | StL 101% (St L 107 |StLSW £ Pac T & T 1st b PacT&T6s'62... Pan-Amer Pete 6. FINANCIAL. "oz Toony NEW TELEPHONE e e FVANENG, SEEN | l | | | | edicted—Buyers Much More Active. By the Assoclated Press. CHICAGO, February 18.—Commis- | sfon houses showed more actively on | the buying side of the wheat market | A. T. & T.’s Annual Require- ments Expected Soon to 4 Benefit Shareholders. 32% | today in the first part of the board of trade session, and with offerings light, prices went decidedly higher. One of the stimulating factors was an est! mate from a trade leader that even should the United States exports be- | tween now and July 1 be as low as 25,000,000 bushels, the final domestic carryover would be only bushels. Liverpool quotations, higher than due, counted also as a bullish in- fluence. 'Chicago opening prices, & to 1% up, May (new) and Juiy. 1.49, were followed soon by materiai further gains. Corn and oats were firmer, owing chiefly to wheat strength. After opening unchanged to !¢ higher, May 781, to 781, the corn market scored a moderate advance all around. Oats started at a shade to %c higher, May 411, to 41%, and later continued to harden. Higher quotations on hogs gave an upward slant to the provision market Low Close May (new).... 1,675 May (old) July ... Septeriver May July September . OATS— May .0 anly s September YE— May ... July September’ CHICAGO LIVE STOCK MARKET CHICAGO, February 18 States Department of Agriculture)— Hogs—Receipts, 32,000 head; uneven 15 to mostly 25 higher; select under- weight, 25 to 50 up: big packers in active, bulk 250 to 300 pound butchers, 11.50a11.85; good and choice 200 to 225 pound uverages, largely 0a 12.70; bulk, better 180 pounds down, 13.00t013.25; cholce 150 to 160 pound welght, topped at 13.60; packing sows, 9.75210.40; sorted killing pigs, 13.00a 13.50; heavyweight hogs, 11.35212.00; medium, 11.75a12.80; light, 11.76a13.40; light light, 12.00a13.60; packing sows. 9.75810.40; slaughter pigs, 13.00a13.50. Cattle—Receipts, 9.000 head; fat steer and she stock trade, spotty’ ly active: spots 15 to 25 higher: gen- erally steady to strong with Wednes day’s advance; best matured steers, 11.00; “some held higher; medium weight also at that figure: bulk fat steera, 9.00a10.25: heavy bologna bulls at 6.25; vealers, 25 to 50 lower; pack- ers buying at 12.60 downward. Sheep—Recelpts, ing classes very slow: fat lambs 25 or more lowe: bids 50 under Wednesda sales feeding lambs, g age 70 to 80 pounds; no early sales of fat sheep; bidding weak to lower. DAIRY PRODUCTS. BALTIMORE, February 18 (Spe- cial).—Young chickens, pound. 25a 36; Leghorns. 25a32; Winter chickens, 0a42; old hens, 28a3l; Leghorns, 5a?8; roosters, 18a20; capons, 33a ducks. 25a85: geese, 20a2 oung turkeys, 50a55; old. 44a45: poor and crooked breasts, 30a35; pigeons, pair. 25a30; guinea fowls. each, 35a85. Dressed poultry — Turkeys, voung, ; old, 30a46: chickens, young, 28a32: capons, 35a48; ducks, 30a35; geese, 20a28. Eggs—Recepits. 917 cases: and nearby. fresh. dozen, offered at| 2932301 candled, 32a3%15. Butter—Good to fancy, creamerv, pound, 42a43: prints. 45a47; ladles, ;'store packed, 32; dairy prints, process butter, 40af1: rolls, PUBLIC VERY CAUTIOUS. February Trading Has So Far Been Largely Professional. NEW YORK. February 18 (#).— February, traditionally an “off month™ in the stock market, is running true to form this vear in the opinion of many experienced observers. Recent trading in stocks, according to several large brokerage houses, has been con- fined largely to professional operators. | Judging from the collapse of the food issues, Devoe and Raynolds and a few other specialties. the bears have had the best of it so far, but large paper profits also have been amassed by bull traders in a number of high- priced specialties. such as American Can, General Electric and Allled Chemical, which are selling 18 to 40 points above the prices prevailing at the end of last month. CALL MONEY RATES. NEW YORK. February Call money firmer; high, & ruling rate, 4%: closing bid, &: offered at §; last loan, 5; call loans against | acceptances, 4. Time loans steady; mixed collateral, 60-90 days, 453a4%: 4-6 months, 4%a4%,; prime mercantile paper, 4. = . BUILDING BOOM GROWS.. NEW ORLEANS, February 18 (Spe- cial).—The largest commercial build- Ing program in the history of the city Is now in progress. In the last week five deals involving over $2,000,000 in suburban property in 8t. Charles and Jefferson parishes were consummated. Several million dollars additional will be spent in draining and improving this land. —_—— SIMMONS NET JUMPS. NEW YORK, February 18 (P).— Net income of the Simmons Co. the year ended November 30, 1925, vanced to $4,179,495 from $2,767,473 in the preceding corresponding period. This was equal after preferred div dends to $3.74 a share on the com- mon stock, against $2.54 a share ths year before. LIVE POULTRY STEADY. CHICAGO, February 18 (#).— Poultry—Alive, steady; receipts, 3 cars; fowls, 26; Springs, 29; turkey: gg; roosters, 21; ducks, 30a32; geese, San A & Arn P 4s, Seaboard A L Seub A Liref & 85% 26 9844 97% 87 91 83% 105% 108% 112% 90% 86% 1% 93% 99% 1027% 101% Seub A L opn Seaboard All Fla 65 ¢ Sou Pac 48°29. Sou Paclficclt 4s. Sou Pacffic ref ¢s. Sou Ry Moblle Term Asso 8 L 4 Union Pac 1st ¢ Union Pao 1st rf ‘Union Pao 48 °27. Union Pac ov ~irginia Ry 1st 5i 100% 69% 29 ULl L 12 85 84% 85 5 92% 92% 92% 12 88% 88% 88k 2 103% 103% 103% Phila Co 5% Phila Co ref 6s A Phila& RAC& 168 100% 100% |StLS'W e 104% 104% | St P & KCShL 4%. 101% 102% 'St P Un Dep 5s, 104% 1 101% - 84 837% 2y Wheel& L Ecn & Whel& L E rf 43 Wisconatn Cent 4a. T 36,000,000 | 1.6613 to 1.66%3 | (United | fair- | native | for | BY CHAS. P. SHAEFF The recent rise in American Telephone and Tglegrapi ., which carried it to 150 a few | days ago, has been traced to a rumoi emanating from Boston that the com pany will shortly announce re ing plans with valuable subscrip rights to present shareholders Buying in anticlpation of rights undoubtedly is based on pt knowledge that the utility America’s greatest, requires | mately $300.000.006 annus :f‘Dnfilm('lhfl\ monies "hax no parent comp | | | stock of the neing has been effected for than vear. In view of the fact t can Telephone and Telegraph ('o. has more than $50,000,000 cash its treasury, it would seem to tke casual observer that immediate financing i remote. But this huge amount only a drop in the bucket when speak ing of Bell telephone finances, and local financlers famiifar with the co pany’s refinancing operations anti pate additional capital will be required before the Summer wanes. It is recalled that a vear ago § 000,000 of fiveyear 5 per cent | debentures were sold. while a stoc | issue of $150,000,000 at par was flo in May of 1924, | Stock Increase Approved. | Stockholders of the District tional Bank yvesterday unanimoush: approved an increase of $430.000 of stock to $1.000,000. Under the expansion program, pres ent holders of the bank's shares u subscribe for 50 per cent of their pres | ent holdings at 3175 a share, for whici the present market is about $245. A part of the new sl will be dicy tributed among persons who are not now stockholders. at a price to he fixed by the board, with the amour recefved in excess of $100 passing to surplus. When effect given to present financing the bank will boast a s plus and undivided account of moi than $800,000. North American’s Outlook. Wall Street statisticians prognost | cate earnings of the North American Co. for 1925, which will not be madr public until March, will show not onls a substantial increase over 4 ir the business and revenues of subsid iaries, but also a marked gain in the parent company's earnings. Balance available for dividends or North American common stock wi | be considerably greater than in the preceding year, despite larger appro priations for depreciation reserves ‘lhau in 1924 Common stock out standing December 31 last totaled about 3,701,518 shares, 777.867 shares 2 more than at the end of 1924. Of this increase 474 .83 shares were issu | during the latter part of 1825 ir quiring additional properties 303.035 shares represented regular dividends pald in common stock De | spite this heavy increase, however per share earnings on North Amer can common. bused on the total co mon outstanding December will closely approximate §3 | for 1924. &apital Traction Strong. Capital Traction stock showed ti effect of a powerful inter {on the Washington Stock { when a single transaction of 10 shares | jJumped the price to 108. Rumors per | sist that the North American Co. has made a flat offer for control of the | 1ssue, but these rumors cannot be t not in Washington The shares of National Bank | Waskington sold up to 305, but Mer | genthaler eased off to 21%% on an |oddlot sale. Railway preferred sold | ex-dividend at as did Lanston | at 8212, Twe of American Se. curit nd 0. brought 400 Merchants’ Transfer and Storage pre | ferred was unchanged at 101%. Dodge Breaks Records. All previous production records fo | Dodge Brothers were broken Monda: {and Tuesday of this week when the | output of their Detroit plant reached 1,500 cars for each of the two daveh The high mark was gained after period of steadily mounting pre {tion. Throuchout January outpu ranged from 1,000 to 1,100 cars daily | The 1,500 cars a day schedule, which has been made possible by the recent | completion of a $10.000.000 expansion | program, including new buildings and |equipment, is to be still further in creased. Demand is now the greatest |in the history of Dodge Bros.. and { every effort is being made to speed up | production to the point that will sup. ply the full requirements of dealers. At the present time a completed Dodge Bros.' car leaves the end of the {assembly lines every 45 seconds. | the Amari > | DECLARES GASOLINE | PRICES ARE VERY LOW NEW YORK, February 18 (#).—The price of gasoline, compared with other commodities, is very low, Joseph E. Pogue, a consulting engineer, said addressing the 133rd annual meeting | of the American Institute of Mining and Metallurgical Engineers. | 'He asserted that the trend of gaso | line prices was downward from 1920 | to 1925 started_increasing grad | ually the last year. Crude oil, fuel o}l | and’ lubricating oil have increased price since 1923, he said. BOSTON WOOL MARKET. BOSTON, February 18 (Special). { The raw wool market was quieter to | day, with prices generally unchanged. | Good average Australian 64.70s wera around 1.00 to 1.05. Mills apparentls} are still uncertain as to future re quirements, A survey of honded wool |in this port, as reported Ly the local ! bureau of ~ agricultural _economics shows total stocks of South Ameri: | wools on February 15, were pounds. Argentina contributed abou three-fifths of this and Uruguay twe fifths. o e ey CLOTH MARKET QUIET. NEW YORK, February 18 (Special). Cotton goods markets again were quiet today with prices about un | changed. Print cloths were steady | at 83 for 64x60s, and 1014 for 68x Raw silks were slow at unchanged/ levels. | ROAD BUYS EQUIPMENT. NEW YORK, February 18 (#) Seaboard Air ' Line Railway has awarded a large contract for 2,400 | 50-ton gondola cars and 1,000 40-ton {box cars. Pressed- Steel Car Co. will build the box cars and the gondolas have been divided equally between that company, American Car and Foundry and Standard Steel Car Co. STOCK ON $6 BASIS. NEW YORK, February 18 (&), Common stock of the International Silver Co. has been placed on an an | nual dividend basis of $6 a share with an initial quarterly dividend of $1.& a share. 'The regular quarterly of 1% per cent on the preferred also was authorized.