Evening Star Newspaper, March 9, 1926, Page 26

26 * TRADING QUIETER | INSTOCK MARKET List Aimost Stationary, Withi Uncertain Action by Some Shares. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK. March & market today quieted down consider- | ably and on the whole was stronger. There were, however, some declines | and some stocks varied scarcely at all Money rates came down, and the new | 3% per ceni Government | loan was a steadyin The | market closed gener: United States Steel uated within a parrow Tnos: of the time was somewhat Hgh er. Repullic Iron and Steel, In which the floating supply is Always narcow, suddenly ran up nearly 4 points. | his was set down to short covering. | Later in the day fell back. Sloss-Sheffield was also higher | The industrial list was very much mixed. The pressure was removedt from United States Rubber and the ! stock rallied. Allied Chemical was| higher at one stage. while American | Can was lower. Postum Cereal ran up a poini. But as a rule the indu trial specialiies. which have been | fluctuating wildly during the last few | ceeks, were settling down. i TNo fmportant changes occurred | among the oils, Crude production. which in the preceding week bad in- creased. was reported as on the de cline again. The falling off. which only amounted to 10,000 barrel on the | dally average. was too slight, howeyer.; + to have any effect. Oil stocks fludiu- | ated within a range of a half point or! #0. There was some strensth in Gen- | eral Asphalt and Independent Oil and | Gas came up a bit. Rul the otheis| e either up or down slight | fractions. i CLOSING IS STRONG. i long-term influence. Iy higher. common fluc range. but ! A by Prices Forge Up Under Stimulus u(:: Lower Money Rates. NEW YORK. March 8 (@) elosing was strong. Prices fo steadily upward in the late tradin der the stimulus of lower movey and further. short covering Electric converted an e 4 points into a 3-point fean Can moved 61 night’s closing points included art-Warner and Freej 4 Ing was in reduced volume. total approximating 1.300.000 shaves dn. and Am nees of 3 to 4 ebuck, Xte Markets at a Glance NEW YORK (#).—Stocks higher Delaware and Hudson lead upturn Bonds irregular; conyvertible acti Foreign exchanges firm: francs re cover: Scandinavian rates advance. Cotton higher: Wall Street huving. AbItibi Pow (4). Adams Exp (6).. Ahumada (i1)... Alr Reductn(+5) . Ajax Rubber. .. AN Am Cable(7). Allfed Chem (4). Allis Chalm (8).. Am Agricul Chm Am Agr! Ch pf. Am Reet Sug (4) Am Bosch. ..... Am Rrake Sh ¢ | Am Br Bover! {Am Rr Bo uf ( {Am Can (%), The stock |Am Canw i, Am Car&Fav (6) AmCAFDf (7)), Am Chicte Tam e AmChel prpf(7) fam pros, Am Arn Am & Fo P onf AmH Am lee s Am Internar)| | {Am Lo By, Am Linsant Am Linsd pf (7). Am Loco (%) Am Metats (4) Am o A s n o Am W | Am Wooten FINANCIAL, NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON, D. C, TUESDAY, MARCH 9, 1926. Received by Private Wire Direct to The Star Office Open. 8 100% 2 1124 Victe ¢t fs. xrrese (6) or Pow e & 1pf iator (4} farv () £ Parimy AmS& Rt (7 arnf (7). et wo 0y Worer ¢ “r v rpg | Attantic rean~. { Anstin-Nichols [ Anto Knitrer, “atawin 1, points above Lisi | 221to 2 Ohi, L TNEN ARTIREN 1™0nth Picheries }"J\Nny S0, Rpleas Vipe (3} Ry Fason (8) PRI N Ty g4y Ton T nfif) rails [ ~kin 'n G4y wn St Tron g Rurns Bro (10) {RurneRr R (2) Sugar lower: due to decline in Snot [™utte Can (300 market. Coffee easy: market. CHICAGO.—Wheat higher: expecta tlons bullish Government report. Corn steady: gond cash demand. Cattle irregular. Hogs firm. EXTRA DIVIDENDS. Midland Steel Products Preferred | Pays Dollar a Share. NEW YORK. March 9 (#). tra dividends of §1 a share on the préver red stock of Midland Steel Products ! and 48 cents a share on the common stock, in addition to the regular qu. disappointinz F the common, were declared today. All are pavable April 1 to stock of record March 19. oy azilian {Ruttarick. . [Faie P (4m) Lratir Pateat (23 {ran, Can Peife (10)) {Case Threshing .. |rent Leather Cont Tanther nt Can Ry NJi#12) - Snper(?2) S TRR I v R (%) Cerre e P (43) Certain-Taed (4) Cer hanas . “hes-£Ohla (4), ChacEO Rt (£1,), fE Altan. n-T 1 Qi bt iea West nf. | feni v g sep. terly of $2 on the preferred and $1 on ||y &SP oaf A& st Perre |CMI&SIP 1f ofs. Chi & Nwn (4). Common stock of Middle West Util |1 & Nov mf () ities dend basis of $6 a shar terly disbursement of $1. - mierly had been $1.25 a terly. It is pavahle May of record April 30, share quar- | 13 1o holders POULTRY PRICELS. YORK. March ady 1o firm: hy NEW ° poultr freizht. 3 do.. by freigh Dressed changed chickens, by freight, 33: turk by poultry—Quiet: pricas BONDS ARE AUTHORIZED. The Interstate Commerce Commis. | slon today authorized the Florida Fas | Coast Railway to issue £15,000,000 of | first and refundinz mortgage 5 | cent honds. 1o he To 95 per cent «f terest e the ned in sold 2t ue par and ac BUTTER GOES UP. CHICAGO. March 9 (#).—Butter higher: receipts. 11.952 tubs: creamery extras, standad firsts, 4112 37239 15. 20,226 cases. PARIS PRICES HEAVY. PARIS, March 9 (8).— P heavy on the Bourse today. Three per cent rentes, 18 francs 90 cen- timss: exchange ‘on London. 133 france 70 centimes: 5 per cent loans, ! 56 francs 55 centimes, was quoted at CONSIDEZR STOCK INCREASE. NEW YORK. March 9 (). —A pro- | posed increase in the anihorized ciass | Receipis es were Utilities Co. from 100 60 s aves, with | par value of $10,600.000. to 150.000 with | par value of $15.006.000. will be consid- | ered by stockholders at a meeting on | April 20, CHICAGO LIVE STOCK MARKET' CHICAGO. March 9 (1 Department of Agriculture) Receipts. 21.000 head; niostly higher than Monday weights show full ady: ers inactive: 240 to ers, largely 11.80a12.5 DIVIDENDS. aSteck. - Rate m Pub Sve of. Am P Uul p pt. Do prior_nf. Ang-Am € S A Bingb Lt H & P cum of 7% ¢ D of. Brn &' Wil'son. . Do, pf..... Du, St Trac pf . FaBi Lask of . umble " O Merchts & iin Miro Ed $6 pf Do 87 ot Yeo Con Cop Nweat Tt p | Ottawa Trac.. Peo Gas Lt & . Bennex, J €.l Park Uit Con M B win City Rap Boiat. o per'. i Amt The doll2r | vor e francs 50 centimes. | Huro en Outdr Adv.. Gien Outdr A (4). Gen Petrm (3)... GenRySig(t4%4). placed on an annual divi- {cpi BT R pae. with a quar- {5 fg b ne ) b which for- | oy fia s |7oes Cota {ea P (). Live | “n'a Sontharn 1 G & E (AN {0l C=rhon (4) VCr et R o) i ninTroef6', un- e Cred (11,1, “on-ol T Tne Vot iR vt cethie " tha Cane S pf. ha hen Am S (21 Cuban Am pf7). “nhan Domin Tnshman's (8). ramel Fr(4).. Cone Su o (4) ") vizon Chem et & Hnd (9) el 1, & Wn (+7) Deirolt 15d (8) e&RA(2 40y, odze Pros €1 A cef (T es (21 1 {Duqge nep? (7). ctman (151 4ton Axle ¢ | Bisenlohr & Bro. A" preferred stock of the Midland | poiri Bo 1ee Powr & Lt P& Ll 0 d States | Hrie 15t pf.. €3 [ iirte 2dpf. en Am ‘I'nic Gen Asphalt. | Gen A |Gen Cigar sph pf (5). $)... o (8. spec(bie) 19 323 11w ARY .9 . 123 314 L5350 64% 9% h ) High. Low. Closs. 78 18 78 100% 100% 100% 8 8 8la 1145 112% 114% 1y 12 138 140 119% 122% 84 140 128 84 81 2315 81 % 12! AT any, 208 3 A1 102 1004 1 1238 12815 1235, i3 0% 3181 234 122 G5 ' a8 12315 1 120 R 12% 1093, 1081 108 S0 Bl f TR, B4y _% 176 ns 3 yoas, ns @ 1098 1008, M ERERRETY 11481 [ERENR I LI FPEN 100 100 109 ETEN 1g 10°% e 9 b 8, 40 071 6 cer. tmr. ras, 127% 1268 127" 40 24 8T on, oa, oy 21 219 220 431 e 1014 2214 "% 1081 2R, «a 2714 ~8R 10 ps 251 415 6 3% 2R RN BN, 17814 1381 12815 611 62 s2 £y 3% T an 4 10115 100 21M " n7 108 1 1235, 122, 2 R 19% 131 1330 738 231 L 4 158 ¢ 150 152% A1 79 Kl 17 16y 17 A0Y, 59 5y 270 270 270 f0 00y 20y &, 6 a7 1041 104 1041 | a1 4 gomy | 19815 1961, 127 129 129 120 R, AR g Mia J1% 1% 9 91y 21 12 1Ry, 37 1 17% 17% 17%) 691 FRY 691 120 120 120 46% 46N 46n F5 85 RS 515 5515 5aty 8 24 831 7 0% a2y, LTS 104 104 1287 1267 178 201 30, 301, 5 2] 547 T8 TTN RN 65 65 63 208 T2 g9y, 274 2715 27 94 94 94 14215 134% 142 19815 136 138 20 18% 20 6214 0% 6214 e 94% 9314 84 bl 2% ‘8% 804 79% B0 1331 1331 133y T4 1% 11 9% AR 2R | Bl K1 Bl | 0% 70 70 99 99 v 9 9y 9y 42% 424 424 46% 454 46n ag ARy 100 100 | % s omd 91% 89% 91y | 6% 6% 461 | ki 2613 | 5 1674 1641 14314 1419 1431 129% 1°8 128 40 29% | 26% 35% 36 | *64 *5 16 18% 184 1Ry 220 218% 2197% 103103 103 1137% 113% 11315 109 108 109 28% 28 2, 15 15 (3 19% 124 191 1 184 6Ly, £l 2% 6815 28%, 8% 35% 14 Bl 514 0% 119 119% 048 206'% 1201y 324 3 7 394 943 19 100 101 101 81 80 81 47% 46% 4T 107% 103% 107% 6814 6578 667n e 22 5% 39 39 39 8% Ay 8% 48% 464 48 861, 625 6570 108% 1034 106 109 109 109 3% 3 37 1% 11 115 49% 48 4w 981y 1230 1225 1224 3% 31 314 A4y, 53% bdh £8% BATa 584 0% 69% 70% 901, 98 9Bl | Gimbel Bros | Glidden (2)., Gold Dust. odrich Ri odvear pf (7). Goodyr pr pf(8). tham pf uld Cou e (13 ) nSu (%), uantanavio ulf Mo & Nov N & N pf (6) | Gulf States S (3) Hartman (21,). . Hayes W (131, Hoe & Co A (4) Homestake (+6) Housend (131, ) Houston Oil. .. .. Howe Sound (2). Hud<on Mot (3). Hupp Mot (1) I1inois Cen (7)., 1 Cent pf (). Indep Ol (1) Indfan Refining . . Incersoll R (3).. Inland St (21 Inland Stl pf Insniration (2). . Tnterurh Rap Tr. Intcontal Rubbe; tuternat Aeri Az Cprpf(i) Int Rus Mach It Centent (4) nt Com I Internat He Intich pf( Int Mer Mar nt Nickel ( Inter Nic Int Paper. . tut Shoe (6) . Ini Tel & Tel Jewel Teu |Jones Bros Te . |Jordon Mot (3 Kan City South Kan € So pf (4). Kavserd (3). Ke ng. o4 Kelsex Whi (6).. | Kennecott (4)... lieysione T & R. se Dept 8 Pive & Rub. . ? ink cff(3) Lehizh Val(21y). ix& My B Liz & Mpf (7). Loews Ine (2) Lot Lorillard(3 Touix 1 outs : { Louls & Nsh (6). L .. nwvre B (1) i Magma Cop (3) [ Mal'icon & Co. | Man El Supi2t,) | Man Kl gtd (d5). { Man Shirt (1), | Mant a Klec (2).. !aracaibo Onl Mariand Oi! (4. i Mariin Rack (2). Martin-Parry (2 | Mathieson (4) i May Dept St (5). I'Maytag (2). Mexican Seahd I MiamiCop (1)... Mid-Continent. . Middle States. . Milier R etfs(2). Minn & St Loufs. Mis K & Tex Missouri Pactfic. { Missouri Pac pf. Montana Pow Mont Pow pf (7). Montgom Ward. . Moon Mot (3) Mothr Lode(7c) Mo Picture(11y) Motor Met (3.6 Motor Whi (2) Murray Body Nash Mot ( !Nat Acme (sta). Nat Siscuit (+4) . Nat Cash Reg 4 Nat Cloak (4) Nat Dairy (3) Nat Dpt Store: Nat Distillers. . Nat Distillers pf. Nat Ename' & S. Nat Lead (8) Nat Lead pf (7). Nat Pw&L4n Nat Supply (3). NY Canners (2). NY Central (7). NYC&SUL(6). . NYC&StL pf (6). NY NH & Hart. NY On & West {Y Rys pf 1 cf: Niag F pf (1%) Norfolk South. Norfk & Wn(i8). North A (B3.49). North Am pf(3). North Pac (5) Norwalk (1.80) Nunnally & Omnibns. ..., Oppenheim (3) . Otis Klevator(6). Otis Steel. .. Qutlet Co pf (7). Pac Gas & Elrts. Pac Oil (3).. Packard Mot (2). Paige Mot(1.80). Pan-Am (6). .. |Pan-Am B (6). Pan-AmWnB(2). Panhandle. . | Penick & Ford . Park Utah (80c) . | Pathe Ex C14. i Penn C & Coke RR(3).. eab Steel. | Peoples Gas (8) | Pere Mara (4) Pere Mar pf ( Phila Co (4) Phila& RC& 1 ! Phillips Pet (3 Pierce-Arrow | Pierce-Arrow pf. Pierce Petrol. Pitts Coal. .. . Pitts Coul uf (8). IPIUEW & Co(7). | Pitts Ter pf (6). | PItLUE pr(§1.20). | Pltts & West Va. | Postum (4.40). [ Press Stee’ Car ! Pub Ser N7 (5). | Pub Ser rta. . ! Puilman Co (8) | Punta Aleg Sug. ! Pure 0l | Radio Corp of A. | Rwy Stl Spr (4). 4Ry SUSp pf (7). { Ray Cons Cop | teading (4)..... | Reading 2d (2).. Reld lce Cm (3) . i Remingzton Type. | Remingtn 1st(7) { Replogle Steel. .. | Rep Iron & Steel. | ey uolds Syngs. v Tobac B (4). ). odrich pf (7). B 2 109% 109% 109% 109% Open. 82 22% 49% 64 9974 104% 108 thm S H(213) . North pf (5). Hudson Mo(213). Indian Motor (2). Intertype (113). 7% 3% 15 0% High. L3y 22% 51% 65 997y a1 26 0 115% L ¢ 1434 57 15 105 89% 60 9% % 1584 40 28% 37% 68!y a2 o-sia Ins (6)... | ova Safety Cable (4) St Joseph L(+3). 1, & SanFr (7). Sl Savage Arms (4) Schuite (§8). Southwest. . Da(al.a3). 4T a3 ¥ 62 82% 124 1Lia a3ty 407s 51 105 108 12 85% T a4y 91% 520 i 43% $R4 63% 8214 126 ow. 62 22% 495, 64 997 104% 10% kb 121 20t x 12 30% 1% 39 el a7 31% 15 1200 8314 4% 628 39% a“n 20% 92 5% 36% ™ 143% 87 15 1042 2l 60 79 “ 156% 39% 270 37 Gath 12 ity 83 405 51 104% 107 1% 52 g [y $1's 62 47 430, 93 6218 TRADING LIMITED French Issues Recover—Bet- ter Tone Is Noted in Foreign List. i ‘ Lib3gs. .. ’ Lib 1st 4% { Lib3d 4%n. ¢16 1017 US4 US4yss2. FOREIG| Argentine J 23 Argentine 6a Oct 59 BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK. March 9.—The price | trend was upward in the bond market | today, although trading interest was | limited. The feature was the recovery neh bonds, amounting to approxi- mately a point, putting them back al- {MOSt to where they were before the cabinet crisis deevioped in Parls. Mar- seille 6= and Paris, Lyon and Medi- terranean is gained a full point. the French 10 a less extent. The only one in the group to go lower .18 Australian 58 Austria 7s. . Bank of Chile 6335 Belgium 6 Belgium 638, Belgium 7. 1144 228 116% | Brazil$s..... 7 Canada 58 1931, while | ~gnada 5« 1952 7135 and 8x advanced [Canada 53;s 19 Chile 75 1943 Chile 8s 1941 Chile 85 1946 .. was the Seine 7s, which dipped |Chinese Gov Ry 5 88. A better tone was in evi-|Christiania6s...... | dence in other parts of the foreign :‘?': Fow Japan 7s.. list. City of Greater Prague 713% were | cpqoho 715s reis . . in especial demand, advancing to 98 |Czecho 8s1951..... {up a point. Danish Munic 8s A. | United States (iovernment honds | Denmark | \were sieady avound the closing prices|D EIn 514 of Monda The usually inactive [ Dutch East 1 6s firstsecond 41y Liberties sold at a|Dutch East16x62. new 1926 high. otherwise there were | Kl Salvador 8a 48 | no notable changes. There was u|Finland 7s better market for the low coupon rate | F legal vails and for others that come |F' {ust outside the legal class. Instances | French LB | were N York Central. Michigan |French 8s: 2am | entral coliateral 41;a, Tliinois Divi-|German Ei P §1ys. . 4% sion 3 vision | German s. . 38 | 314, Ger Agr Bank 17% 1 Chesupeake and Ohio convertible 5a |Ger Gen Elec 70 were again the leaders of the specu-|Haitiéx oo lative rails, advancing with the stock. |Hol'land Amer 6135. Delaware and Hudson convertible 5s. [ Flungary 6's... were also higher and so at times were | taly 7s. the Iirie issues. There was likewise [Japanese ¢ mprovement in Missouri-Kansas-Texas |1apanese 61,a. .. . adjustments and In .St. Louns-San|[Jlergens U M 6a47. Francisco incomes, Seaboard Afr Line|Lvonés... . ... .. adiustments and in St. Louis-San | Marseille ¢s. then rallled. The beiter gradas of trac. | Mexico 5a a: tion bonds worked higher. hur there | Montevidio Tx . 4| Vs no uniformity in the speculative | Netherlands 6u54. . o | st Hudson and Manhattan in.{Netherlands 6 72. comes at 78, were up a half point. |Nord 613x. . Sugar obligations were generally | Norwavilim...... shade lower. Norway 6= 1942, . Heavy oversubscription was an.|Norway 621944, nounced of the $5.000,000 61, ner cont | Ovient Dev deb 6. ear honds of the General Union|Paris-Ty-Med fn of the Eight Bavarian Dioceses of the | Paris-Ly Med Roman Catholic Church. The honds|Paris Orleans e priced at 9315 to vield aver 7.10 | Peruiie.. | per cent. Peru fs. n : Poland 68 40. ... OIL PRICE IS CUT. Poland s Prague 7l;s. .. Standard of Louisiana Reduces 257a| Crude Product to $1.50 a Barrel. Queensiand 6s. .. Queensland 7s..... Riode.Jan 85 1%46. . Niode.lan 8s 47 (9% SHREVEPORT. La.. March § (#).— 49% | Eftective today Standard Oll of Louls 27l iana cut the price of Bellevue Lonis- " *ifana crude oil from $1.65 1o $1.50 a | below 103t 160 i o 4 Rio Gr Do Sul 8s. . Sao Paulo City s . - | hirrel. No ather grades ware affected. Sao Paulo f» 1936 . a0 Paulo 1 Saxon (P W) Seine 7s 4 : ] Serhs Crot Slo-fs. f L — — l&weden s1sact. 19% Sweden fx. 82 2% Swiss5lss 1946, .. ol sy, Swise Confed f«. 204 40 Ttd Kingm 51y8 o L T'td Kingm 558 1% 0L |11d Steam Copen 310 N T " {Zurich 8s.. 398 25% 20 550 3K 485 32 MISCELLA Am Acri Chem 7. Am Chain 6=, .. ad e 1154% Schulte ris z aboard Afr l... Seahd Air Lpf. . ISeagrave (1.20). Sears-Roebk (8). <eneca Copper Shattuek F G(2). Shell U'n (1.40). Shubert Theat Stmmonse(t2.25) ISimms Pet (1) lair Of! 404 40 18 12 203 201 7 A% 5% 0 12 N | Am Repub Aeb 6s. .. Am SEmit & R 1st 58, 29 |AmSmit& R6e.... 1 AmT& Tcltrds.. 22 AMT& Te' trin. 12¢ lamTRT 5 56 99 | Am T & T deb 51 1125 | Anzcondn 1at 68 89t | Anaconda cv dh I,Anr’o' Con s rets i Armour&Co 4. Ar—anr Del 515 Atlantic Refin 53 Bell Tel PasisB Bell Tel PassC. Beth Steel pm &3 Reth Steel 5138 5 Bethlehem Steel 6 Bklvn Ed gen 5s. .. Calif Pete §lqs... .. Cen Leath 6= 45 cfs Chile Copper 62 32.. Col Gas & Fl ha. al Md st ConGaaN YV i'e Consumers Pow 8. {Cuba Canecy &« Denver be. . Det Edison o8 40 Dat Edison ref 6 Dodge w | 6 Donner Steel . Duguesne Lizht és. 1 { Eist Cuba Sug Emplre G & F 7 Goodrich 6133 ... Goodyear 831931, v Ol (2) .. Sheff (6). . outh Port 8 (6). South Pac (8) Southern Ry ( pf (3). Spear & Co pf(7) Spicer Mtz : Std Gas & Bl (2). Std Of1 Calif (2). Std Oil N 8 Std Oil NJ pf( Std Plate Glas Sterling F'ro (4) Stewart:-War (§). Studebaker (6) . Submarine Boat. un Ol (1) . uperior Ofl., !Syminzton. ISymington A¢ 4.3 114 124 9% 13 R9°, 78 26 36 85% as lautogph nn Copper (1) Texas 0 (3). ... Tex Gu'f & (10) Tex & Pacific. ... Tex & Pac & O *Tex Pac Ld Tr.. Tide Water' (1).. Tide W O pf(5) Timken (6)..... Tobac Prod (6).. {Tob Prod & (7). Transcont OIl. . . Twin City pf (7). Underwood (3). . 1'n Bag & Paper. Tnion Carbide 1n Ol (2) - Un Pacific (10). . Utd Al Stl (30c) . Utd Clzar(*314). United Drug (7). UtdDrg 1=1(313) . Utd Frult (+12). Utd Paperbd (2). Utd Ry Invest SCIP&F(10). CTPPI (D). Distributing. Hoffman (3). nd Alcohol. . Realty (4).. Rubber..... Rub 1=t (8).. S Smelt (313). Smpf (3%). t.l., 328 .. Humble O & R 538, 1linois Bell 18t be. . Tnt Mer Marine 6= Int Paper 58 47. Int Paper 6., It T&T 5758 Kan CP&LEs A Kan G & El 6= Kelly-Spr Lacl G Taclede G 5'38 52 Liggett & Myrs 7s. . Loutsv G & F 58 52. Manati Sug sf 7'3 Mid-Con 6138 40 Midvale Steel 2. Montana Pow 5% N Y Edison 58 44. N Y Edison 638 N Y G ELH&P b N Y Tel 6s41.... North Am Ed és North Am Ed4 67, Vor Ohio T & L 3. . Nor States Pow bs.. Nor States Pow 6a. . Ofll!llelz‘gl e Otia Steel &2 . 204 I pac Gas & F) & 42 | Pac T & T 18t 5 71% [ Pac T & T 58 5. 18Y | Pan-Amer Pete §x.. 21 Pan-Amer Pete 7’. . 163% {Phila & RAC & 158 65 | Plerce-Arrow 85. 61 Public Service 8s. .. 100 P ServGas 5'as 64. 13 Sinc'air Oll 6= 20% | Sinclair O11 6138 37% | Sinclair 0N 78 80% | Sin Crude O1) 63 116% | Sin Pipe Line 63 138% ; Sicelly O 6733 1% ) South Bell Tel 5 174 I southwest Belk % lSux Est Orient 78 41 ITenn E ec Pow 68 274 | {rnited Drug 6s. - 7% |17 Rub 18t rf sehlUS Rub Y. 4% | 17 8 Steel s £ 51. 2% | Utah Pow & Lt bs 27 | Vertientes Sug7s 97% | warner Sug 78 38 4% | warner Sug 78 41.. 184% West Elec bs . 31% | westn Unlon 6%8.. 2 28 |\westinghouse7s. .. 15 2% | wilson & Co 15t 62. 10 29 28% 29 |youngstnS&Tes. 1 8 8 - 1« given in the above table sh vayments based fateat auartesly ‘or half vearly dec Unless otherwise noted. extra or ape 93% | dend's 2 ineluded. & 3 year, no regular ] 1 +Pi “g'll.k i 'hfre"v:nd"n:ék extr a n pref ¢ in stock payable 1% quarterly % In slock pasable 1% % auarierly. s s s s s s s s iversal Pipe. . UHIP&LA (). Vanadium (2). .. Va-Car Ch(mw | Va-Car Ch 6%pf. Vivaudou. ...... Wabash........ Wabash pf A (5). Waldorf (114). Walworth (1.80). Ward Baking A.. Ward Baking B | Weber (4).. West Pen pf (7) West Maryland West Md 2d pf. West.Pacific. ... West Pac pf (§). WesthseAB(17). West Union (8). Westinghee “4). 297 | Weston Elec. ... 39% | Whee! & L tarie.. | Wheel & LEDf.. 87% | White Eagle (2). 679 | White Mot (4)... White Mot (rts). 11% | White Rock (2). &3 | Wickwire ctfs. 40% | Willys-Over'and. 51 { Willys-Od pf(7). Wilson Coctfs. . Woolworth (). 12 ! worthn Pump. 53% | Wright Aero (1). 7 | Wrigley Wm(#). Ml yarrec o). LTI FiE 8 215 | Younzstown ( 1% 1% 120% 85 5 63% 39% 46 31% 93 B4 104% 9% 60 9% 158% .. 22 . 88 .15 1 4 41 270 s 4% 4% 2% 27 7% 4% 186 31% 28 62% 3 2 .82 1 9 1 11 1 2 7 62% Atchison gen 4s.... 2 At' & Dan Ist 4s 48, Atlan C L 4%5% 64 AtlanticC L 7s. B &0 Gold B&Oevik rate. hor tPartly iFite Low. BONDS GO UPWARD;| oo vone BONDS o s | Received by Private Wire Direct to The Star Office UNITED STATES. (Sales are in $1.000.) Sales. High. 62 10031 100 27 100 27 5 10210 1026 Lib2d 4%s. 151 10027 100 25 100 256 Closs. 102 10 1014 1015 Sales. 8% 99! 8% 984 101% 974 101 97 26% i 96% 109's 107% 997 8¢ o1 1024 102 102 102'% 101% 107% 109 4% 8 98 EOUS. 104% 100% 99ta 100% 107% RAII.IOAD‘V 1041 100% 991y 100 1074 9% Lib 4th 43« 187 10222 102 18 102 22 44. 140 104 11 104 10 104 10 57 107 30 107 28 107 29 100% . 102 102% £64 U4 99 110% 101% 105% 105% 101% 10¢ 121 29 102% 10242 9% 100% 102% 115% 104% 108% 103% 105% % 99 105'% 103% ¢ + 108% W 101% 95ls 100% 105% 106 100% 106% 102 104% 110% 0% 95 100% 894% 117% 101% 102% 99 106% 105 9374 107% 106% 96% 98 8215 96 1004 112% 108% 101 102 90t 7% 94Y% 1067 907 8% Sales. High. Low. Close. 5 95% 96la 95% 1 103% 102% 108% 6 103% 102% 102% 8 106% 105% 166% 1 f |B&OTefbs. .. B&OIst5xet. B&OG6s. ... B&Orfimpés. ... B&OPLEWV 4a.. 90% 90% 90% B&O Sw Diviscts. 24 99% 99 99 Bkiyn Manhat 6s. . 365 94 93% 94 Buff R&Pitt4%s.. & 88% 88% 88% Canad North 7s 1 o 115% 1164 ad Pac deb 4n. .. 47 82 82% r Clineh & O 6. . 108 108 Centof Gaslgs. ... 103' 1024 Central Pacific 4x. . 897 897, Cent Pac 18t 5a 90, , 98% 987h Ches & O cvdlyx 98% 984 Ches& O gn 4158 931 93% Ches & O cv 140 Chi & Alton 3=, .. b6 ChiB&Qgn 48 58 9244 Chi B& Q 18t rf ba. 104 CR&Q-Ndivis.. 92 Chi& E1gn Chi Great W, CM&S!Pds CM&SIPdbds. CM&SUPgndin. CM&SUPrfAYn, . CM&SIPrat,scf 14 CM&StPevis. ., Chi& NW 61, Chi R < ChIR1& P gnds ChIRT&Prfes.. Chi U ta 415 Chi Union Sta 5s. ., ChiI'nion Sta Hx 44 Chi& W inden ds. . C&W COC & & Cleve Term 5s., ... Cleve Term iizu. .| Colo & Sou 415 Cuba R F " Cuba R R 750, Del & I1ud 15t rf 45 Del & Hud v 5 35. Den & Rio G en 4s. . D& Rio ¢ 5 D Rio G West Erfe Ist cone 4s Frie cen 4s Erfe conv 4s 4 Erie conv 4s B. . Krie conv 4= D Eris & Jersey 6a Gr Trunk sf db 6a Great North 5. .. Great North 51;s. Gr North een Tn G Moh&N 57, Hockina Val 4 Hud & Man ref ; Hud & Man aj 111 Cen ¢s N Centra) . TH-C-C SIL&ANO 5a. Int Rap Tran 5. Int Rap Tr 5 stpd. Int Rap Tran s Int Ran Tran Int & G Nor 1st & Tnt & G Noraj 6= Towa Cent 1t e Kan City F't S 4w, Kansas City S 5v. .. Kan City Term 45 Lake Shore 45 28 Take Shore 4 31 Lehigh Val cn 4= Loufs & N unl 4x. . Man Ry 151 90 Mil El Ry & 1 5% M BUP & SSM cn 4= MSPASS \5e38etd M P& SV Atn WSt P& SSM 61 MK & Tadise MK &Tnrinie A MK&T6eC Mo Pacific zen 4 1Mo Pac 5< 1963 | Mo Pacés oD Mont Trm ref e 41 i Nassan E Ry 4o 57, N O Tex & Minse. NOTex & MisR NOT&MAT. N ¥ Cent deh e IN Y canirse IN v Cent den ge. INYersiLands. NV ChikStT, 5058 A NV ChIRSIT, F1gs B NYC&SITL A New Haven e d ks N Y Rvefe6i.. N Y W& Bosdl,e Norfoll & W en 4« Norfo'k & W ev 6« Northern Pac 4s. .. | Northern Pac 52 D. Northern Pacr | < Ore & Calif 15t 5 Ore Wash 1st rf Pennsy) gen 475, . Pennsyl gen fs. .. Pennsyl 5= 64 Pennsyl 613, Pennsyl zold Peoria & F ine 4s Pera Mara 18t 5s. .. Por RL&P 7158 46. . Reading gen 415s. RIATK& L 415 StLIM&S 4n St L IMAS R&G 4=, |St L& SFplésa St1& S Forinse. SILASF5,eD.. SUL&SFadjbe. .. SIL&SFinc StL&SFpl6eC.. SUL S W eon 4532 St P& KCShL 413 SUP Un Dep 5n. San A & Arn Pds.. Seahoard A 1. 4s sta Seab A Lref 4 Seab A 1.adj 5= Seab A . con 6= Seab All Fla 6 Sou Pac 429, .. Sou Pacific clt 4. .. Sou Pacific ref 4s. . Southern Ry gen 4s Sou Ry con 5= 84. i§o|| Ry 6%56....... Southern Ry 6138, . Sou Ry Mabil Third Averef 4s. Third Ave adj b= Unfon Pac 1st 4s. nion Pac 1st rf Unlon Pac 4= 27. Unfon Pac 1st rf Unfon Paccvés. ... Virginia Ry 1st 5s. ! Wabash 2d 5 Wabash 514875, ... Western Pacific 5=. Wilkes & F. 1st 5x. . ! PN e 0DD-LOT EXCHANGE | APPEAL ARGUED HERE| Oral argument was heard in the Supreme Court ioday in the appeal! of the Odd-Lot Cotton Exchange of New York to compel the New York Cotton Exchange, the Western l'nk)nl Telegraph Co. and the Gold and| Stock Telegraph Co. to deliver to it cotton quotations made on the New York Cotton Exchange. The 0dd - Lot Cotton FExchange contended that the contract under | which the Western Union handles the | quotations of the New York Cotton | Exchange was intesded to establish | a_monopoly In the trade and trans- | portation of cotton. It asserted that there was no foundation for the claim ! which it declared had been advanced by the New York Cototn Exchange i that the witholding of its quotations | { was aimed to destroy bucket shops. | The New York Cotton Exchange| and the telegraph companies asserted | a property right in the quotations, | and urged .that the injunction which | had been granted by the Federal Dis- trict Court at New York City re- straining the Odd-Lot Cotton Ex- change from recelving or using the quotations of the New York Cotton Exchange be made permanent. They insisted that no violation of the anti- trust laws had been shown, and de- nied that irterstate commerce wa involved. The New York Cotton E: change asserted that it did not have {an illegal monopoly of cotton quota- 081, 95t 103 4% 1078 107 954 1008, 1008, 10315 o e 5 = - = am RelwaouunnmavavwianvaibemanranBi-uBanul shvwitrrfonSaramemwaBBewi-3200 nud-a = —- o » | weather favo | 4.00; | plies of all grades | tini | No. 1 oat, 14.00a14.50, | Lufkin. | nominal. FINANC IAL. GRAIN CLOSES HIGHER] AFTER SLIGHT DROP Market Evens Up Preparing for Any Surprise in U. S. Esti- mate on Reserves. By tha Associated Press. CHICAGO, March 9.—FEvening-up to prepare for any surprise in the Government estimate on farm re. serves rallied the wheat market at the Iast today, although just previ ously the market had deciined, gen eral buying having failed to follow an early upturn of values. Export demand for North American wheat remained slow. Warm, sunshiny ble for Winter wheat counted also as a bearish factor. Wheat closed unsettled 3% to % net higher, corn Y% to 13 up, and oats varying from ! « decline to % May (new May (old) 40 4oty RN 8R 1, 2013 EIN SPRING AND LOCOMOTIVE FIRMS PLANNING MERGER Directors of Two Companies Meet Thursday and Are Expected to Ratity Consolidation. the Associated Press W YORK. March 9-—Negotia- tions are under way for a merger of the American locomotive Co. and the Rallway Steel Spring Co.. it was learn- ed officially today. Directors of hoth companies will meet Thursdav and are expected to ratify the consolidation plan. Present plans are understood to call for the acquisition of the Railwav Steel Spring Co. by the American Lo comotive Co. through the exchange of shares. Large blocks of stock aiready have heen purchased in the open mar- ket by Interests ¢ to the locomo tive concern. The expansion move by the Amei can Locomotive apparently re. flects a desire to diversify its products to offssi the slackened demand for locomotives in recent vears. Willlam H. Woodin, head of the company, also president of the American Car and undry Co.. but it is understood that the latfer i= not involved in the pres. ent negotiations. CHRYSLER COMMON PUT ON 3 PCT. DIVIDEND BASIS NEW YORK, March 9 (#).—Com. men shares of the Chrysler Corpo- ration today were placed on a $3 annual dividend hasis when directors declared an initial quarterly payvment of 75 cents. Full preferred dividends of $8 for the year were declared in advance. GRAIN AND PROVISIONS. BALTIMORE, March 8 (Special) White potatoes. 100 Ihs heans. hamper, £.00a10.00 £.0049.00: cabhage. hampe sweel pota hhl., bhl.. 2.00a carrats, bu.. 1. cauliffower, erate. 1.502250: celary erate. 3.50a5.50: cucumbers. crate, .00 210.00; eggplant. crate. 3.00a6.00; kale 2.0022.25; lettuce. basket, 2.0 1.23% peppers. crate, 3.0026.30: onions, 100 The,. 2.3023.00: avster plants. 100 6.00a8.00: peas. hamper. 4.09a5.00; nips. basket. 40af0: tomataes. 3.0046.00; spinach, hbl., 2502 <avey cabbage, T5a1.00: turnips hasket. 20a35. Apples, hhl, srapefruit. hox. hox. 4.50a5.25: tangerines. rawherries, qf Selling Prices At ) Wheat—No. 2 red Winter. spot. do mestic. no quotations: No. 2 red Win ter. garlicky, 1.681 Sales—None Corn—Cob, new. spot, 3.60a3.65 per barrel. as to delivery: domestic vel- low, No. 2. new. 80 per hushel: exports No.'2. spot. 721, asked: 3. 6915, Oats 4949 3. new, 1824815 Rye—Nearby. new; $5a80: No. 3 rve, spot. no quotation. Hav—TNeceipts, eral hay hox, 3.007 No. 83 ‘tons. The ger sitnation is quiet. with sup. and kinds mory than ample for the present limited de- mand. Prices generally are in buy ers’ favor. Low grades of clover mixed and No. 2 clover are particularly hard to move. Quatations, hothy, per ton. today: No. 0a25.00: No. 3 timothy. 1 light clover mixed. . 2 light clover mixed, 1 clover mixed. 23.00 . 1 clover, 23.00a V: No., 0.00a21.00, 0. 1 wheat, 13.00a14.00; CIUIfS AS CHAIR;IIAN. E. C. Lufkin of Texas Co. Resigns Because of Il Health. NEW YORK.. March 8 (®).—E. ¢, chairman of the hoard of directors of the Texas Co.. producers and refiners. today announced his resignation because of ill healti. Mr. Lufkin, who plans to renain on the hoard, said he probably would he succeeded as chairman by Amos L. Beaty. who has heen president , and that R. C. Ho!mes, now a vice president, doubtless would succeed Mr. Beaty as president. WOOLS ARE ACTIVE. Special Dispatch to The Star. BOSTON, March 9.—Domestic wools were more active today. with demand especially good for territory wool Fine staple sold around $1.15 clean basis, French combing wools brought $1.10 and fine clothing’ wools $1. Fleece wools were quiet, with quotations Pulled wools moved fairly well at 65 to 70 cents for gray B. For- eign woolens were In fair demand at steady price: g BOOKS CLOSE TOMORROW. NEW YORK, March 9 (#).—Ameri- can Can Co. has notified the New York Stock Exchange that its books will close tomorrow for the stock divi- dend of 50 per cent, and that in view of the exchange of the present $100 par stock for the new $25 par stock, beginning March 11, it would facili- tate matters if as much stock as pos- sible was put in for transfer today instead of waiting until tomorrow. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hihbs & Co.) Nominal Selling checks wold value. " _today. London. pound 4.8665 $4.86 Montreal. dol Paris. franc Brussels. frane Berlin. mark diachm; veseta 1 V0001 § 15, 0ot tions, and that the telegraph com- { panies merely ‘acted as its agents in distributing the quotations and were not engaged in an unlawful con- spiracy. n . zloty RIGGS ON DIVIDEND BASIS OF 13 PCT. Healthy Growth In Earnings Brings Higher Return, Fleming Says. BY CHAS P. SHAEFFER. The Riggs National Bank has been placed on a definite annual dividend basis of 15 per cent, directors of the institution yesterday approving this suggestion made by Robert V. Flem- ing, head of the bank The disburse- ments will be made in April and Oc- tober. The suggestion was actuated. Mr. Fleming #3id, by a consistent and healthy growth in eurnings, sufficient to_justify the higher return. Prior to recapitalization in October, 1923, annual dividend disbursments amounted to 26 per cent on a capital izatlon of $1,000,000. The following vear a regular disbursement of 13 per ent, together with an extra dividend of 1 per cent, was paid on the capital izatlon of $2.500,000, while in the 12 months of 1925 a regular dividend of 13 per cent and two extras of 1 per cent were declared. A feature of the report to directors dealt with the remarkable growth of the four branch offices, whose deposit <, which in 1922 amounted to only $430 000. now total in excess of $5.000,000. Karl W. Corby, son of the late Charles 1. Corby, a member of Riggs board for many years, was named to the directorate 1o succeed his father, Pepco Preferred Weaker. Issues were lethargic on the Wash ington Stock Exchange todav. with the so-cailed “popular” list, with the exception of Potomac Electric Power preferred, selling off 10 weaker level his statement is particularly ap plicable to stock of the Merganthalar Linotype Co.. which was weakly sup ported at 208, and Capital Traction stock. which had two transactions aggregating 10 shares a1 113, Lan ston Monotype was quiet a1 K17, Washington Railway and Eleetrie 4=, the long-term bond issne «of the carrier, strengthened to £1'y on relatively heavy selling aggregating $19.000, face value. Gas fs sold at ranges from 102 to 10315, depending upon the denominations of the sales Southern Dairies Sales. Southern Dairies, Inc., reports gro sales for February last of $666. 1gainst $444.219 for the same month of last year. or an increase of 50 per cent over February, 1925. January and February combined sales show an in crease of $430,000 over last vear The new Miami plant at Miami. Fla., was opened the first of this month. he local financial fraternity ex presses itself as well pleased with the terms of the Treasury's Spring financing. announced vesterday, freely voicing “the opinfon little difficulty would be encountered in floating the issue. One of the attractive features of the offering. it was pointed out, is the fact that the bonds will not be callable for vears, thus affording investors an opportunity to stock themselves with Federal securities which they know can be held indefinitely. Too great a portion of the nationai debt. it is fait, iewed from the atandpoint of invest: Is either of short-term maturi- or is subject to call within a few vears. By placing a premium of i to 1 per cent on the new ioan, Secrstary Mellon {s thought to have made a very close adjustment to current con. litions. He f= offering the new bonds ;n a vield basis of about 3.73 per cent, as against aimilar securities now <elling on a 2.69 to 3.70 basis, Schedules Suspended. The Interstate Commerce Commis- sion has suspended untfl July §, pend ing an investigation. new schadules vhich would increase rates on lum her and other forest products from Montgomery. Ala.. to South Atlantie vorts. and from Covington. Madison ind Washington. Ga.. to Jacksonville. Fla., and other points taking the same rates. ‘The new schedules also would es. tablish reduced rates on the same commodities. which are not suhject tn the combination rule, from Lanisville and Nashville Railroad stations South of Montgomery to Jacksonville How a violent stock market honm ried in Germany on Januarv 4 and resulted in many issues rising further in four weeks than stocie we in four ve: in the Wall Siyee bn'l mevement descrihed in cnrrent issue of the American Rt ers’ Association Journal “After u vear of hopelessness. many's Wall Street is in of a securities hoom.” the article l\d\s. “Stocks have risen 30, 100 per cent in a month. Not anly Germans. hut Americans. FEnglich- men, Hollanders are huving. Quite a_ respectable South Sea huhhle fe blowing itself out The hoom hegan like a Without any visihle reason, stocks shot up all around. The recavers was due only to technical and pes chological factors. but. once ft had heen given the impulse. material yes- sons for it were found or invented A real factor was that interest ratec continued to decline. The successfnl foundation of a great Western steel trust had a powerful psyehologiesl effect. With that the public tank heart. Untrue by a Ge: the thr flash hear varns were replaced brilliant _crop of untrue hnil varns. The public rushed in. as al ways a bit late. after the cream had been skimmed by professionals. No Standard to Judge. “Uncertainty lies in the fact thar for most German stocks there fs no standard to judge whether a qunta tion intrinsically high or low. Value cannot be judged from divi dend vield because, with certain ex ceptions. no dividends have bean paid since the currency stabilization. Very little is known about earnings. The last_publiched halance sheets are no guide. The pre-stabilization halance heets, running into hillions and trillions of marks, had no meaning whatever, and the new gold mark balance sheets are admittedly guess | work. compiled merely to meet a legal requirement. Values were arbitrarily assessed in order to produce an arithmetical balance, with capital refixed_on no known basis and with debt whose amount, in view of pend ing valorization claims. often un known. It is therefore impossible 1o prove that a stock quoted at &0 in 1925 and at 140 today was cheap then or dear now. RUBBER QUOTATIONS. Special Dispatch to The Star. NEW YORK, March 9.—Crude ru) ber, standard grade, was quoted at noon today at 56 cents. This com pares with 57 cents Monday, 67 cents a month ago and 39% cents a vear ago. No Change in Hubby. y—What did you think of m\ st night? It reminded me of the time you courted me. Hubl low s0? Wife; Why, | thought you would aever com= to the point. . Embroidery from Russia Is beinc extensively used on women's Spring coats in France and England.