Evening Star Newspaper, February 24, 1926, Page 28

28 - FINANCIAL. STOCKS IN PARTIAL | THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, FEBRUARY 24, 1926. NEW YORK STOCK EXCHANGE | "™ 75 e 0\eR rono| [o mew vorx_ BOINIDS stocx excannce] Received by Private Wire Direct to The Star Office TO TAKE OVER ROAD Raceived Private Wire Piract to Tha Star Ofice Atlanta, Birmingham & Atlantio = UNITED STATES. FINANCIAL. STRENGTH APPEARS|NEW YORK BANKS RALLY AT FINISH Short Covering Bolsters Up List After Many Losses Earlier in Day. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, uary 24.—The stock mar rallied in the last half- bour today after one of the most confused price movements seen this . however, was hing more’ than Uil it did leave b bad been weuk ng the recent trading slightly vership stock and Atlantic and Alton—upset the made early in the to interest in the railway sec- price changes intich mixed. but on the declines predominated. From a quarter for which the finan- clal community s much respect th opinfon was expressed that the motor shares were one group which was ling well within its earnings. The motors were bhetter supported than most of the others during the early eakness. They were Lot so Drom- tnent later in the day Steel in Large were very whole the pply. United States Steel was persisten! supplled all day. It railled a bit dul ing the time when the rifls were be- ing bid up but it quic receded. Bethlehem Steel. on the announce: ment of the § NOO.000 new per cent preferred, dropped off to 1\I where it was down nearly 3 poluts from Tuesday's high. Then some short overing came in. The rehound in American woolen stocks was ascribed to short covering. Unofficial estimates were 1o the effect that the annual report due early in March would show the preferred divi- dend not quite covered. Disuppointment in_the annual re- port for 1925 of the Fleischmann Co. offerings of the stock st The report disclosed net ter charges and deral and n taxes, of § was equal, after prefe 97 a share on the common. ¢ .51 a share on the 1 1924, The net ter amounted to $4.057.48 @ share, against § * ceding auarter. Railroad Shares Drop. Atlanta, Birmingham and Atlantic fiad been selling us late as 12 o'clock 5. It suddenly crashed down on the Atlantic Coast Line purchase ment unc selling in the d 700,000 shares mpared with 00,000 shares the fourth quar- or 80 cents in the pre- ought experience, that wher ive in receivers’ hands new interests an come in or old bondholders can contfnue to dominate the situation, and where equities are dublous the 0ld stockholders have little to say. The break in the Alton issues was also accompanied by unofficial rumors ot a large assessment. MARKET CLOSES WEAK. Pressure Increases on Public Utility Shares at End. W YORK, February 24 (@P).— osing was weak. Increasing against public utility shares, ng Consolidated Gas, North American and Public Service of New Jersev. ntuated the decline in nal hour. Receivership rails” also were hammered down, Chicago and Alton issues breaking § to 414 points on re- ports that reorganization would in- volve a 3$l6-a-share assessment on both common and preferred stocks. Total sales approximated 1.7560,000 shares. Markets at a Glance YORK.—Stocks weak: year’s low Bonds ton lower: Ni nigher; Cuban bu)lns trade buying. CHICAGO.—Wheat lower; Wall Street selling. Corn higher; firm cash markets. Cattle lower. Hogs steady. o e e PORT OFFERING COMING. NEW YORK, February 24 (®)— The first public financing for the port of New York authority is understood to be impending. It probably will take the form of a $14.000.000 bond | issue, the proceeds of which will be used to finance the construction of two new bridges in the port district. veral banking groups have submit- ted bids for the Coffee steady; ROAD HAS DEFICIT. \EW YORK, February 24 (P).—A deficit of $312,225 after charges Is re- ported by the New York, Ontario and 4 Gross revenues fell to $4%0,736 from . $906,692 in Janu- The Union Pacific also had unfavorable earnings for the month, Open. AbItib! Pow (4). 80 Advance Rumley 16% Ad Rumley pf(3) 58 Ahumada (11).. 8% Alr Reductn(16 1184 Am Beet Sug (4) Am Beet 8 pf (1) Am Bosch, Am Brake Am Br Hoverd. ... Am Br Bo pf (7). Am Can (18).... 8 Am Can w.i. Am Can pf (7) Am Car&Fdy (8) Am C&F pf (1. Am Chatn A (2). Am Chicle. . Am Chiele ctfs. Am Drug Am Bxpr ). Am & For Pow Am Hide & Lea. . Am Hide & L pf. Am Ice (110).... Am Ice ptd (6) Am Internatl. Am La Fran (1 Am Linseed. Am Loco (8) Am Loco pf (7). Am Metals (4).. Am Radlator (4). Am Ry Exp (6). | Am Bafety R (3) Am Ship & Com. Am Sm & Ref (7! |AmS & Rpf (7). Am Stl Fays (3). Am Sugar (5). .. Am Sumatra | Am Tel&Tel (8). Am Tobacco (8). Am Tobac B (8) . Am Tobao pf (6) Am Wa Wa 11.20 Am Woolen.. ... Am Wool ot (7 Am Zinc. Am Zinc pt Anaconda (3). .. Archer-Daniels. ArmourDel pt(7) Armour, Il A (2) Armour.1ll (B).. Armour 11 pf(7) Artloom (3)..... Art Metal (1) . Asso Dry G Argo OI1 (3). Atchtson (7). At Birm & At... Atl Coast L (19). 225 Atl Guif&W I... Atlantic Refing . " | Atlan Ref pf(7). | Atlas Powdr (4) Atlas Tack. .... Austin-Nichols . Austin Nie pf(7 Auto Knitter Baldwin L (7). Bald Loco pt (1) Balto & Ohio(5). Bal & Oh pf (4). Bang & Ar (3)... Barnet Leather.. Barnsdall A (2). Barnadall B (3).. Bayuk Cigar. Beech-Nut (13). Belding Bros(3). Bethlehem Btl. .. Beth Stl pf (1) Beth Stlpf (8).. Booth Fisherfes. Booth Fish 1st Briggs Mfg (3) British Empir. Bkl Edison (8 Bklyn-Mn Tr Bkiyn 1Jn G(4) Brunswick-Balk. Brunswick Ter.. Burns Bro (10).. Bur Add Ma (3). Bush Terminal. . Butte Cop (500) . Butte&Super(3). Butterick. - Byer & Co. Caddo Central. .. Calif Pkg (18)... Calif Petrol (2).. Callahan Zine. .. Salumt&H(1%). Can Pactfic (10). 104% 106 20% 694 Case Threshing. Case Thr pf (7).. Cent Leather. Cent Leather pf. Century Rib (3). Cerre De P (15). Certain-Teed (4) Chandler-Clev. . Chand-Clev pref. Chesa&Ohio (4 Ches&O pf (6%) C M{I&StP pf ofs ICMQNWII [} Chi R1& Pac CRI&PPDL(8). Childs (33.40)... Chile Cop (3%). Christie Brown.. {Col G & E pf (7). Col Carbon(4)... Com] Cred (1%) Com Cred 18t 6% Com Inv (3.60... Com In Tr pf 6% Com Solv A (4). Com Solv B Congoleum-N. Consol Cigur.... Con Cigrs pf (7). Consol Distribut Consol Gas (5).. Consol Textil Cont Can (16)... Cont Insur (6).. Cont Mot (800) net operating income having declined | Corn Prod (3). to $1,906,515 from $2,279,511 a year STOCK INCREASE APPROVED. NEW YORK, February 24 (®).— Stockholders of the Continental Can ’0. have approved an increase in the authorized common stock from 500,000 and officers were re-elected and the regular quarterly preferred dividend of $1.75 a share was declared. Corn Prod pf(7). iCoty 1nc (4).. Cructble Stl (8. L tble pf (7). 1 ). Cushman’s (3).. Cuyamel Fr (4). Davison Chem. WOULD EXTEND LINE. Application has been made to the D. Interstate Commerce Commission by the Detroit and Ironton Rallroad, Henry Ford's line, for authority to construct 15 miles of new line from Petersburg, Mich., to Toledo, Ohio. Cm MONEY STEADY. NEW YORK, February 24 (4).—Call money steady: high, . 5; ruling rate, 5; closing bid, 5; offered at 5%; iast loan, against accept- ances, 4. firmer; mixed ollateral, . 4% 46 months, 4%ab; mercantile pa- per, 434. prime FLOUR UNCHANGED MINNEAPOLIS, Minn.,, February 4 (#).—Flour unchanged to 10 cents iigher, at 9.36a9.40 a barrel. Ship- ments, 52,513 barrels NEWYOB.KT(ETAL MARKET. NEW YORK, February 24 (#).— Dodn pf (7). Dome Mines (3. Dul SS & Atlpf. Dupont (10)..... Dupont deb (6).. BEastman (13). Eaton Axle (2) Etsenlohr & Bro. El Auto L(16%). Electric Boat.... Eleg Powr & Lt. EP&L pf 40% (1) EIP&Lpt (7) Elec Sto Bat/ 16, Emmerson Brnt. Emmerson B pf. Eureka Vao (4).. Exchange (1%). Fairbks Mor (3). Famous P1 (8). . Fed L&ETT(*2.40) . Fed Min pf (7).. ‘opper, dull; eletrolytic, spot and fu- ures, 14%4al14%. Tin, ea: spot and \earby, 64.37; futures, 63.00. Trom, prices unchanged.. Lead, steady; spot, 9.16 Zino, steady; spot and futures, 7.75. , spot, 215 Fifth Ave (64c). First Nat Stores. 43% "hh.l' Body (6). n, High. Low. Close, 80 80 16% 5T% 8 114% Ill% 124 11% 181% % B8l 29 86's 84 83 N O Foundation (3). | Fox Film A (4) Freeport-Texa Gabriel A(13%). 40% Gardner Motor. . 8 Gen Am Tnk (3) 19% Gen Asphalt. ... " | Gen Asph pf (5). ums * ! Gen Cigar (8). Gen Electrio (8) . | GenKl spea(80c) GenGas A (13%). b2 Gen Motors (7) .. 125% i1 Gen Mot deb (6). 100 Gen Mot pt (7) Gen Outdr Adv. | Gen Outdr A Gen Fetrm (3 GenRySig(14%) Gen Refrac (2).. Gimbel Bros Glidden (2) Grt North pf (5) 73% Gt Nor Ore(1%). 26% Grt Watn Su (3). 101% Guantanamo. 83 81 GuM&Npf (8). 101% Gulf States S (5) 80% Hartman (24).. 811 Hayes W (13%). 44 Helm Geo (16%) 73 Hoe&Co A (4).. 80% Homestake (16). 59% Househa((13%). 44% Houston Ofl..... 5% Howe Sound (2). 84% Hudson Mn (234) 387% Hudson Mot (3). 116 Hupp Mot (1)... 25% Ilnots Cen (7). 117% Indep Of1 (1).... 23 Ind Motrey (60c) 28 Indian Refining. 12 Indlan Refg ctfs 113 Ingersoll pf (6). 102 Inland St (234).. 384 Inspiration (2).. 24%s Interurb Rap T' 36 Intcontal Rubb. Internat Agrt Int Bus Mac (8) Int Cement (4).. Int Com Eng (2) Tnternat Har (6) 1284 Inter Har pf (7). 122 IntMatch pf 3.20. 66 Int Mer Marine. L) Int Mer Mar pf. aah Int Nickel (2)... Inter Nick pf(6) 102% Int Paper. . B5% Int Tel & Tel (8) 124 Jewe! Tea. Jones Bros Tes Jones & Lau (7). Jordon Mot (3).. 62% KCP&L 1st (7). 110 Kan City South.. 45 Kan CSopf (4). 634 Kayser J (3) 4 Kelly-Spring Kelsey Whi (8). Kennecott (4). . KeystoneT& R. Kresge SS(1.20) 714 Laclede Gas (3). 165% Lee Tire & Rub.. 12 Lehigh Val (3%4) 8 Leh&Fink ctfs 3. Lifesavers 20 Liggett & M (14) 73 Lig& My B (14) 794 Lig & M pf (7).. 122% Lima Loco (4). Loews Inc (2). Loft 18% 1154 564 1% Louisiana Ofl Touls GasA(1.76° 24% Louls & Nsh (8). Xaflh Ludlum (2).. McCrory B $5.60. !flA'A McIntyre P (1) Mackay (7) Mackay pf Mack Trucks Macy HR& Co. . Magma Cop (2). * 424 Mallison & Co 284 Manati pf (7) 81 Man E1Sup(3%) 69% ManEmdg (6). 50% Man Shirt (1%). 284 Maracaibo Ofl... 243 Market St prior. 48% MarketSt2d pf. 17 Marland Ol (4). B7% Marlin Rock (2). 28% Mathieson (4). .. May Dept 8t (5). 121 Maytag (2)..... 21 Mexican Seabd 9 Miami Cop (1).. 12% Mid-Continent.. 844 Midale States 154 Miller RubCo.. 42% Midland pf ($9). 130 Minn & St Louts. 8% MStP&SSM11(4) 66% Mis Kan & Te: 424 MoK & T pt (8). Missouri Pacifio. 854 Missour! Pac pf. 84 Mont Power (4). Montgom Ward. Moon Mot (8) MotherLo« Mo Picture(1%4). Motor Met (3.60) Motor Whi (2). Murray Body. Nash Mot (117). Nat Biscult (10). l\n Dpt Stores Nat Distillers 1 Nat Pow&Lt 40c. Nat Ry Mex 1st. Nat Ry Mex 2d.. % | Nat SBupply (3).. o Nat Tea (4)..... Nevada Cop . Nt N G&E pf(7). NY Alr Brake(2) NYAIrBr A (9 *NY Rys pf t ofs Niag F pf (1%). Nerfk & W (18) um North A (Bi North Am pf o NorthAmEd pf 7. North Pac (5). Norwalk (1.60) Nunnally (1.50). Of1 Well Bup (2). bt % | Onyx Hos pt (7). Oppenheim (3) Otis Elevator(68) 123K Otis Steel. . Otis Steel pf. Outlet Co. Outlet Co Df (7). !00 Owens Bot (4)... 64% 4% | Owens B pf (7).. 114 68% | pan-Amer (8). .. 2% 22 1114 111% 111% 52 52 50 50% , | Penn-Seab Steel. Pacific Gas (8) Pac Gas & El rts Pacific O11 3)... Packard Mot(2). Paige Mot(1.80). 128% 2% 81% 38% 24% 62% 64% 404 Pan-Amer B (§). Pan-AmWn B(2) 14% 61% 1% Pennsy RR (3). Receivership Expected to End in Short Time. NEW YORK, February 24 (#).—Ar- rangements virtually have been com- pleted for the acquisition by the At- lantlo Coast Line Rallroad of the At- lanta, Birmingham and Atlantic Rail- way, which has been in receiverrhip since 1921. Reports current in Wall Street indicate that the receivership will be terminated through the sale to Atlantic Coast Line interests of the smaller road's first mortgage and income bonds at 60 per cent of thelr face value, with the possibility of payment In preferred stock on which dlvidends of 5 per cent will be guar- anteed. ISIT P FINANCIAL NOTES. NEW YORK, February 24 (®).— Net profit of Loft, Inc., declined to $264,960 in 1925 after depreciation and Federal taxes, equivalent to 89 cents a share on 660,000 no par value shares of capital stock, compared with $367,- 366 n 1924, or 56 cents a share. The Southern Railway {8 in the market for 113 locomotives, the larg- est locomotive inquiry fn many months. The company also {s taking bids on 2,250 frelght cars. The Fairbanks Co. reports net profit of $205,040 for 1925 after in- terest, depreciation and other charges, in contrast to deficlt of $75,363 in Pere Marq pf (5) Phila Co (4) Phila& RCA L. Philip Morris. .. £hillips Pet (3). Phoenix Heslery Plerce-Arrow. .. Plerce-Arrow pf. Pub Se E&G pf 6 Pullman Co (8). Pure O11 (2). Radio Corpof A. RSINCefs (4). Rwy S§t1Spr (4). Ray Cons Cop. .. Reld Ice Cm (3). Reading 24 (2).. Remington Type Remingtn 1st Replogle Steel. . Rep Ir & Steel. Rep1& 8 pf (7). Regnolds Sprogs Rey Tobac B(4). Robt Rels & Co. . Rossia Ins (8)... Royal Du(al.33). Safety Cable (4) 8t Joseph L(13). SIL & BanFr (7). StL&San F pf(6) St L Southwest. Savage Arms(4). Schulte (§8).... Seaboard Alr L. Seaboard A L rts Seagrave (1.20). Sears Roebk(6) . Seneca Copper. . Shattuck F G (2) Shell Un (1.40).. Shubert Theatre Stmmons(12.25). Stmms Pet (1). Stnclair O11. Sinclair pf ( Skelly Ol (2) South Pac (6) Southern Ry (7). Splcer Mfg...... Std Gas & El (3). Stand Mill (5)... St Of1 Calif (2). SLONINJI (1)... StOfI NJ pf (7). | Std Plate Glass. Stewart War (6). Studebaker (16). SunOfl (1)..... Superior O1l. ... Symington. ... Symington A(2) Telautogph (1%) Tenn Copper (1) Texas Co (3).... Tex Gulf Su(10). Tex & Pactflo. . . Tex& PacC& 0. Third Avenue. Tide Water (1).. Tide W Ofl pf(5) Timken R B (14) Tobas Prod (6).. Tob Prod A (7) Transoont Oil Underwood (3) Un Bag & Paper. Union Ol (2) Un Pacific (10 Un Pacific pf (4 Un Tank Car(5). Un Tk Car pt(7). Utd Al 8t1 (50c). UtdCigar(*3% ). United Drug (1) Utd Druglst3%. Utd Fruit (112). Utd Ry Invest. . Utd Ry Inves pf. USCIP&F(10). U 8 Distributing U § Hoffman (3) U S Ind Alcohol . SInd Al pf(7). Realty (n) u us us uUs us Smelt (3%). U S Steel (17)... U 8 Steel pf (7). U S Tobaceo (3). Universal Pips Utll P&L A (2) % | Vanadtum (3). Vick Chem (3% Va-Caro Chem. "98% | Va-Caro Ch ct: Va-Car Ch(n)w { Va-Car Ch 6% pf. Va-Car Ch 7%pf. Vivaudou. Wabash. . Wabash p! Walworth (1.80) Ward Baking A. Ward Baking B. Ward Bak pf (7) Warner Bros Weber (4). Weat Pen pf (7). West P EI pf (7). West Penn El A. West Maryland. ‘West Md 2d pf.. ‘Western Pacific. West Pac pf (6). Western Un (3). WesthseAB(17). Westinghse (4). Weston Elec. Weston A (3) Wheel & L Er Wheel & L E pf. White Eagle (2). White Mot (4).. ‘White Mot (rts) White Rockt1.80 Wickwire ctfs.. Willys-Overland Willys-Od p£(7). Wilson Co ctf: Woolworth (5) Worthn Pump. Worthton B (6). wright Aero(1). Yol T & C (750). Yel Tr&C ptf (7). Youngstown (4). Dividend rates as given are the anni 804 bk 80% hmmu&: % %%‘:imjw’m % St S 5 05% 2 ey d i, Sl g stock oaysble 1 | Am Sug ref 6s. % | Phila Co ref 6s A 80% | Skelly Of1 6% | Tenn Elec Pow (Salee aro tn $1.000) Sales. High. se. Libsys... 08 o031 10028 10031 Lib 1st 4%e 10 1024 102 1024 Lib2d4%s 87 10027 10025 10026 Lib3d4ys 201 1013 101 1012 b 10212 1029 10211 1044 1044 1044 US4%s's2 21 10727 10726 10772 FOREIGN. s. High. Low. Close. Argentine 88 88 [1 7 98% 98% 98% 98% 98% 987 Argen Argenting Argenti; 93% 93% o714 97% 110% 110% 107% 108 100% 100% 854 85% 921 92% 103% 104 102 102 102% 102% 102 1024 101 101 194 108% 108% Chile 38 1946, 108% 108% Chinsse Gov Ry bs. 4T 4T% Con Pow Japan 7s. 93 93 Copenhagen 6%s.. 3 867 9874 1024 102% 98% 9E% 102% 102% 102 102 103 103 104% 104% 1041 104% 106 108% Canada 6s 1931. Canada bs 1952. Czechoslo 7%s rots. Czecho 88 1951. Czecho 8s 1952 ot 1084 104 1044 108% Finland s ¢ 68" g Finland 7s. Framerican7%s. .. 102% 102% 965 96% 98's 98% 86% 864 84% 86% 944 109% 851, 85k 248 24% 99k 99% 108% 103 109% 10: B0% 80% 96% 96% 101% 101% 101% 101% 10115 101% 88 B8W 9i 109 Norway 63 1943 Norway 8s 1944 87 Orleans 7s. Peru 7%s. v 983 104 90 99 99 113 13 100% 100% 100% 100% 100% 100% 9874 104 90% Queensiand 7s. Rlo de Jan 8s 194 Rio de Jan 8s 1947. Rio Gr Do Sul 8s. Sao Paulo 1950. Saxon P W 78 Seine Dept cf Serbs Crot Slo-8a Sweden 6s. Swins 5148 1946 Swiss Confed 8 Toklo 58 Ud King U4 Kingm 51/.- 3 Urugu Zurich 10074 101% 4 108% m:\\ 116% 116% 69% 695 118% 1187 5% 1053 1056% 1095 109% 1075 107% MISCELLANEOUS Am Agr Chem aa .5 103 103 Am Agri C 8 104% 104% Am Chain 63 . 1100 100 _100 Am Cotton Of1 58 951 954 Am Repub deb 6s. . 291 996 Am Smit & R 15t 58 100 160 10414 104% AmT& T deb5s. l\)-l‘t. 1044 Am Water Wks 58. 97y 97 Am Writing Pap 6s. 50 50% Anaconda 1st és 103% 103% Anaconda cv db 78. 1054 105% Andes Cop 7s rots 101 101 Armour & Co 4%sT. 9% 9 Armour Del 5% %% 9 Auiantic Refin b 4 100% 100% Barnsdall 6s ottt 4 100 100% Bell Tel Pa 53 B 102% 1024 Bell Tel Pa 58 C. 103 108 Beth Steel pm 63... 954 9ok Beth Steel rf 58. ... 9T% 9Tk Beth Steel 5% '63. 2 9l 91w Bethlehem Steel 63 108 97t 9T% Brier H St 1st 6%4s. Bkiyn Ed gen 5s. Bklyn Ed 68 B. Brookin Union 5%8 Cen Leth 68 45 cf: Chile Copper §s. 1087 1087 106% 1064 % 133% 1337 101 101% 108% 10815 100% 100% 95 954 9% 99% 96 958 90% 90% 102% 102% 107% 107% Cuba Canecv 78 Cuba Canecvd Denver Gas 68 Dery (D G) 7s. Det Edison 5."4‘0 ison ref 6s. 5;},:“ 96 961; Duquesne Light 8 106 106 Bst Cuba Sug 7% 107% 107% Empire G & F TH%s. 1024 102t Qoodrich 6%s. 106% 105% Goodyear 85 1931 111% 111 Goodyear 53 1941 121 121 shey 5% 101 1011 g;‘ &(‘Zo 6%s. 9815 9815 Humble O & R 6%s 1024 1025 [llinots Bell 18t 5. 1 103 103 Illinots Steel 4%s.. 14 961 96% Indiana Steel 68 103% 103% Int Mer Marine 49 854 8515 Int Paper 58 ‘47 16 9% 94% tnter Paper 20 9915 9973 Inter T& T 6% 40 uz 1z KCP&Lt6sA'S3 20 102% 1025 1021 Kan G & El 6s'52.. 10 108% 108% Kelly-Spring 8s.... 25 106 106 Laclede G 5%8'52. 13 104% 1044 104% Liggett & Myers 63 101 101 Liggett & Myrs 7a. 120 120 Lorillard (P) 1185 118% LoulsvG &E 994 99k Manatl Sug s 7%8. 103 103 Mid-Con 6%8°40... % 108% 10335 9% 94% 1014 101% 103% 103% 116% 1163 90K 90% 88 98 108% 108% 110% 110% 104 1041 105% 106% 94 94 99% 997 108% 103% 108% 108% 98% 991 1024 1024 101% 101% 106% 106% 100% 100% 104% 1003 1074 103 107% 105% 104% Montana Pow =t PhPHORBO ARG - Phila Co 5%s 3! Phila& RAC& 168 Plerce-Arrow 8 Rog Brown I on 7s. Sinclatr Ol 6s. = Qe F-ROTS P =L = P - TP T Sin Crude O11 Sin Pipe Line ) South Bell Tel &s So Por Rico Sug 7s Bouthwest Bell bi Sug Est Orfent 7s. . =88 Tol‘doulllt'll . M 09! Union Bag & P 1105 108 105 United Drug 6s. U S Rub 1st rt Utah Pow & Lit Vertientes Sug 7 Warner Sug 7s '29 Warner Sug 75 *41. Waest Elec bs...... Westinghouse 7 Westn Unlon I%!. . Willys Ov 6%m33. Wilson & Co 1st 6s. Winchester A 7%s. Youngetn S& T 6s. 26 94t 107% RAILROAD. Ann Arbor 4s Atchison gen Ak AtlanC L 4% u 102% 102% | ) Atlantic CL 7 [Atl & Dan 1st 45 4 8 1w ER L R&O Bw Div 55 cfs B & O Toledo 4s. .. Bkiyn Manhat 6s. . Buff R & Pitt 4133, Can Nat 445 30. .. Canad North 6% s Canad North 7s Canad Pac deb 4s. Car Clinch & O 68 Centof Ga bs. & Central Pacific 4s.. 22 Cent Puc 1st 5s '80. Ches & O cv 4143, Ches & O cv 5s. Chi & Alton 3s Chi& Alton 3348, Ch1& Alt 338 ot “|ChiB&Qen4s'ss o ChiB& Q istrf5s. CB&Q-T113%s. Chi&ETgnbs. Chi Great West 4s. I CMA&StP4s'25.. CM&StP 4825 cfs | CM&StPdb4s. .. M & StP gn 4189 CM&StPev4ys. CM&StPgn4ys, CM&StPredsis, CMAStP r 415 of 14 CM&SP cv bs cfs 14 C&N W gen 4s Ch1& N W ref 63, Chi & NW6igs Chi Rys Gs. TIRT&Prf4 ThiTH&SEG Chi Un Sta 4%s. ... Chi& W Ind cn 43. C& W 15%s'62. “uba R R 58 Cuba RR T¥s. Cuba N R 68 66. Deal Hud cv 63°35.. Den & Rio G cn 4s D & Rio G imp bs Frie st cons 43 Firfe gen 4s. EY Frie & Jersey . “a B C58'74. - Gr Trunk f db 6s. . freat North bs. freat North 5i4s. SrNortheen7s.. 7 Havana ERL&P ‘50 Tud & Man ref 5s Hud & Man af 5s. 3 T11 Central ref 4s... ll 11 Cen 45 53. 11-C-C St L&NO 63 9 nt Rap Tran 5s... 81 Tnt Rap Tr 5= atpd. 40 Tnt Rap Tran 6s. .. Int & G Nor 1st 6s. Int & G Nor af 6s. . | Towa Cent rf 4s. Kan Clty Ft S 4. Kansas City § 3 Kansas City S 5s. Lake Shore 4= °2: Lake Shore 45 '3 Lehizh Valen 4s. Lehigh Val 53 2003. Loufs & N un! 4s. L &N 4% 2003. Louis & N 68 B. Loufs & Nash 5%s. Man Ry 18t 4890. .. ¢ Man Ry 2d 4s 2013. Market St 75 40. . Mil EI Ry & L 5s. M & St L 1st rf 4s M StP & SSM 6% M K & T ad} bi 1 MK&TprinssA. Mo Pac 6s 55 E. Nassav E Ry 48 '57 New Or Term 4s... NO Tex&MbsB. NGT&MG5Y%s. N Y Cent deb 4s NYCentr {5 N Y Cent deb 6s N YC&StLdbds. NY Chi&StL 5%s A NY Chi&StL 5%s B NYC&StL6sA 1 INV Rys6s'65.... B30 N Y State Ry 4%4s. NYW&Bos4%4s.. Northern Pac 3s. Northern Pac 4 Northern Pacr 1 6 Ore & Calif 1st bs.. Ore Short L ref 4 Ore Sht L cn s "4 Ore-Wash 1st rf 4s. Penusyl con 43 Pennsy! s ‘64 Pennsyl 6%s. Pennsyl gold 7s Peorta & E Inc 4s. Pere Marq 1st 5: PCC&StLESA Por RL& P 63'47.. Port RL&P 7345 48. Reading gen 4% Reading J C 4s°51. StLA&SF plésC.. StL S W con 4832, sxPaKcsnLcu Union Pac cv Virginia Ry 1st 5. VaRy &P bz. Wabash 1st bs. Wabash 2d s ‘Wabash 5%s8°75. 7813 106% o5 11 Sales. High. Low. Close. 1 106 10 106 93% 106 109% 63% 59% orif 94 224 891, asi, 14 lon-,l'u.nsfi o8 107 99 10415 % “% 4 100% INBOND MARKET| 10 EXACT CHARGE Liberty 3 1-2s Make New|Local Correspondents to Be High Record—C. & O.. 5s Are Extra Strong. BY GEORGE T. HUGHE! Special Dispatch to The Star. NEW YORK, February feature of the bond market today was the inquiry in the outside trading for long-term ralls. Sales were made over the counter Assessed on Interest of “Street Loans.” BY CHAS. P. SHAEFFER. Local banking institutions were ad 24.—The | vised today by their New York cor- respondents that, under a recent rul- ing of the New York Clearing House it will be compulsory for them rto in securities of this class on & 4% | make a charge of at least 5 per cent per cent basis, or in some cases even a shade less. Underlying bonds of of the amount of Interest which local the strong systems were in demand |Members would receive for loans made greater than supply and large blocks | by New York houses for Washington were difficult to obtain. change prices of this group were simply steady. Here the notable event. was the making of a new high record for the year by Liberty 3%gs, show- ing that the market for tax-exempt securliteis was still strong. From a speculative standpoint the feature was the strength in Chesa- peake and Ohlo convertible s, up at one time approximately 4 points in sympathy with the stock. Erie bonds were ulso higher, especially the con- vertible “D" 4k Selling at §3, they e within 2 points of the high of vear. ago and Alton On the ex- s and Chi- | cago Great Western 4s were heavily sold after early. strength In the industrial group attention was attracted by the selling of Beth- lehem Steel bonds. Sugar bonds con- tinued active, but without much change in price. 1n the forelgn group Poland $s held the gains of Tuesday. Rio de Janeiro §s of 1947 crossing 101 made a new Mexican bonds were heav W offerings included $1,500,000 Seattle Lighting ¢ per cent deben- tures, due 1936, to yield per cent. The $40,000,000 Dominfon of Canada 10-year 4%2s offered today at 983 were oversubscribed. WHEAT IN DECLINE IN CHICAGO MARKET Early Move Upward Is Scon Offset by Selling by Eastern Houses. By tha As: atad Press. CHICAGO, February 24 —Wheat prices showed an early upward trend today, but enlarged seiling on the part of houses with Eastern connections led quickly to declines. Initial strength was due to unexpected firmness of Liverpool quotations. together with drought reports from Australia and India as well a5 word that Germany had ceased offering wheat. On the other hand, very little North Amer- ‘an wheat appeared to have been ken overnight for Europe. Chicago | unchanged to % | 1.68% to 1.70 and 1.47 to 1474, \\ern followed by | gains all around and then setbacks to well below yesterday's finish. Corn and oats were relatively firm. Arrivals of corn here, 157 cars, today showed a decided falling off in volume. After opening unchanged to % lower, May 78% to 787, the corn market eased down a little further and then scored matertal gains all around. Oats started unchanged to i higher, May 413 to 417, and later held near to the opening figures. In line with hog values, the provi- sion market was weak. WHEAT— High winia il manb Septeinti: TAR! a«. DELAWARE AND HUDSON DIVIDEND DECLARED' 33 58 88 111 | of which b guinea fowls. -T 1| W YORK, February 24 (#).—The regular quarterly dividend of $2.25 a share on the capital stock of the Dela- ware and lHudson Co., declaration was deferred last month, was authorized by the board of man- agers today. The dividend is payable March 20 to stock of record March b. DAIRY PRODUCTS. BALTIMORE, February 24 (Spe- cial’.—Young chickens, pound, 25a35; Leghorns, 25a30; Winter chickens, 40 old hens, 23a28; Leghorns, 23a roosters, 17a18; capons, 35a42; durku, 25a83; geese, 22a°7; young tur- keys, 45a50; old, 40; poor and crooked 25a30: pigeons, pair, 25a30; each, 35a85. Dressed \oun:. 40a50: old, . 82a35; old, Z5a geese, native ggs—Receipts, 716 cases; land nearby fresh, dozen, offered at 374 | 29a291; candled, 31a32. Butter—Good to fancy {pound. 42a45: prints, 45a47; ladles, store packed, 31; dairy prints, process butter, 39a40; rolls, FOB.EIGN EXCHAN GE. | (Quotations furnished by W. B. Hibbs & Co.) \omml.l Selling checks old v Copenh Copenhagen.” Qeocknoian, ero NEW YORK, February 24 (#).— Forelgn exchanges irregular; quota- tions (in _cents): Great Britain, de- mand, 48511-16; cables, 486%4; 60-day bills on banks, 481%. France, de- mand, 3.65; cables, 3.651%. Italy, de- mand, 4.0115; cables, 4.02. Demand— Belgium, 4.543; Germany, 28.80; Hol- land, 40.04; Norway, 21.39; Sweds 26.77; Denmark, 25.97; 19.241¢; Spain, 1%.11; Greece, 1.43; Po- land, 12; Czechoslovakia, 2.96; Jugo- slavia, 1.76; Austria, 14; Rumania, 42%; Argemim 40.87; Brazil, 14.75; Toklo, 45%; Shanghai, 74%; Mont- real, 99 9-16. POTATO MARKET SLOW. CHICAGO, February 24 (UP).—Po- tatoes—Receipts, 101 ed States shipments, 77 trading very slow, market dull; Wis- consin sacked round whites, 3.60a 3.75; few 3.80; Minnesota sacked round whites, 3.60a3.75; Idaho sacked Wheel & L Ecn 43 Wilkes-&F 1st 5i 3 Wisconsin Cent 4s. 10 creamery, | | eludes Gy banks. The charge is to tuke effec 28 of March 1, next. The following {s a copy of the clea ing house edict: “Section 8. Every member of th assoclation (and every nonmembe clearing through a member) making loans for others. secured in whole o in part by collateral other than rea estate, customarily referred to as ‘Street loans,’ shall charge and retai; for its services in so doing not less than § per cent of the amount actua ly received for interest or discou: upon any such lvan, whether made i its own e otherwise. (effective March 1, 1926). The charge will be deducted fron interest credits on loans made fro time to time. New Issue Out Tomorrow. Constderable local intere: fested in a new issue of $7. five-year § per cent colluteral trus: convertible gold notes, series which will be offered tomorrow by Manufacturer's Finance Co. more through & nation-wide sy The notes are priced at 943 and i terest, to yield over 6.05 per cent The volume of business of the bo: | rowing company and its subsidia; for the last 10 years has Increase according to President Dunningtor from $24,882,739 to $104,191,440, and net earnings for the same period fron "’64 703 to $1,260,067 before deduct ing Interest charges. The earninge reported for 1925 were 2.28 times the total requirements for interest on boti the funded and short-term debt of the company. The collateral trust notes are direct obligations of the compan |secured by seif-liquidating opan ac counts, etc, at the rate of $120 or by $100 of cash or bank certificat of deposit, for each $100 of the tbt collateral trust notes outstanding. C. & P. 1925 Revenues Up. Gross revenues of the Chesapeaks and Potomac Telephone Co. for 19 amounted to $6,717,814.02, an increass of 8.87 per cent as compared witt 1924. Telephone expenses, including deprectation and taxes, totaled $5. 245,852.83, an increass of 5.05 per cent. Net telephone revenues wers $1,470,961.19. Other net revenues amounted to $42,674.22, giving ! net earnings available for interest a; dividends of $1.513,535.41. Interest de ductions amounted to $69,020.17, ing $1,444,606.24 for dividends. The annual report preceded electio: of officers for the ensuing year, held late yesterday, when the following of ficers were re-elected: A. E. Berry, president; Burdet Stryker, vice president and general manager: Philip O. Coffin, vice president and general auditor; John C. Koons, vice president; Samuel M. Greer, vice pres- ident; Dozier A. DeVane, general counsel; Deruelle S. Porter, secretary John F. Slaven, assistant secretary Thomas B. Clarkson, treasurer, and F. W. S. Evans, assistant treasurer The board of directors, which ir Charles J. Bell, Alexa Britton, Bdwin C. Graham and .Jc Poole of Washington and Alhert L Berry of Montgomery County. Md. and Walter S. Gifford and Eugene S Wilson of New York was re-electad. The board appointed fts executive committee, which includes Charles J Bell, Albert E. Berry, Alexander Brit ton and John Poole, Washington, and S. Gifford, New York. Capital Traction Eases Off. Stock of the Capital Traction ease: {oft & full point from its opening high mark of 118 on the Washington Stoc xchange today, the closing transac ton belng made at 117. The issue was in good demand, sellinz to the extent of 105 shares, mainly, it is be lieved, on the speculative feature at tached to the security. Today's open- ing marked the peak on the present movement. Railway preferred stock also was i excellent demand, 225 shares bring- ing mo change from the pegged mar- ket of 81. Mergenthaler sold at 211, Lanston at 821, and Merchants er and Storage, preferred, at Potomac Electric Power, pre- ferred, strengthened to 107 Other Financial Note: Representative Edward W. Pou of North Carolina has been elected a director of the Federal Security and Mortgage Co., recently organized here by Morris Cafritz Total resources of the 8,048 national banks on December 31, last, were £25,852,412,000, the controller of the currency announced this morning. BriCAm " Tob. Coca-Cola, Coo Eas Mills. ol omn ABE o [ e imkin D Axle estinghouse Elec & Mix v wn o 03 apSua 933 3 83 w333 433 ©0 00 P|oco o) fo 558 3 = dwyn Picture C ren g_‘l Aletro-Gol 'fi".m“m re € ot i aiara ue & Electric pt. 1% Chem. Gpr T:;’:‘:u K?An RR C’. 2 %1% in common stock. 2 2‘%1‘:2{8'8 Sl RATES ON BAR SILVER. P NEW YORK, Feb 24 (P).- sflt‘r silver, 66%: Mexican dollars, %.