Evening Star Newspaper, March 11, 1926, Page 30

FINANCIAL, - FOREIGN NEWS SENDS GRAIN PRICE UPWARD W.R..- SHWS 84215 g P s e o LOSS IN JANUARY Quotations Have Effect. “wew vonx BONIDS srock excuance| UNITED STATES. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office AbibI Pow (4).. TOW T0% 790 aencigarw .. B 5o 85 e .I'fl HlGHER l_EVEl_S i AbrahmaStrau Gen Cigar (8). . 108% 109% 1084% 109 | - Ahumada (11)... 84 8% _ 8% 8W |Gen Cigarpf (7\. 116 116 115 115 Libstn... 49 AIrR;duebt.n(m. 1::“ 1:;‘\: 1}:&“ 1:;% gcn::uu-h( 'm. 829% .{4 27% . 'i::::‘a‘lr-' H en Blec 5p(§06) 1 14 11 . 12844 131% 12814 128% 0L ae w1 eI Market Stimulated by An- Allis Chalm (6).. 85% 7% 85 86W. 126 126% 1245 126% | 1 1 11 nouncement of U. S. Issue GenGas A (1%). Gen Mot (+12). Al 'hal pf (7). 109 109% 109 109% Am Agricul Chm. 27 7! 81% :ll Bex ol : : J B8 BEw Being Subscribed. 69% 68% i Gen Mot pf (7) Am Agri Ch p! 88 . 87% 58%: 23% Atlantic C L 1st 4s. AtlanCL 438 64. . A L1s. Federal Bond Issue Reported . Subscribed—Books Will Close Soon. Price Changes Mixed, With Neither Side Showing an Rdvantage. ¢ $0% 90%| CHICAGO, March 11.—Fresh up- « 12 96% 06k turns here in wheat prices today re- . sl 3 .3‘ 13“ \S;“ 102% |sulted from higher quotations at Gen Outdr Ady. | Am Bank N 1.60, £y 324 3% 81% 69 . 9 108" 102% 108 | Liverpoot and from further buying Gen Outdr A (4). Petrm % . Am Beet Sug (). 31% 5 244 24% 24 24 62% 23 GenRySig(t4%). 69! Gimbe) Bros. . ... i Gen @) Ani‘Bosch. . €315 9 106% 106 106% BY EDWARD (. STONE. BY STUART P. WEST. Special Dispatch to The Star. 3 NEW YORK, March 11.—Rallway shares dominated the market in the late trading today. The strength of Chesapeake & Ohio based upon the Am Brake Sh (6). 127% 127% 127 3% 39 Am Br Boveri 7% Am Br Bo pf (7). 90t Am Can (18).... 816 3! Am Can w {. 52% Am Can pf (7). Am Car&Fdy (6). 35% % 904 7 311 51% 124% 125 101% {ilidden (2).0, . Gold Dust.., Goodrich Ru (4), Goodyear pf (7). 1 Gothm S H(23%). Gould Cou (2) Granby Consol. 311% 52 ¢ 102% 3 B1% Ve 50t 87% 20% 50% BY GEORGE T. HUGHES. 65% Special Dispatch to The Star. 1054 | 38 NEW YORK, March 11.—Announce- ment by the Secretary of the Treas- ury that the new 3% per cent boud [popy of B4 98% B 98% 18 101% 101% 101% 40 9T% 9T 7% 97% 4 101% 101% 101% 23 96% 17 1004 % . 9 B&O Sw Div bs cfs. 40 99 " 99% yn Manhat 6 94 . 84% 88Y% 88% Can Nat 4%s 54 3% 93% 2 Canad North 7s 116% 116% by houses with Eastern connections. Poor grading of Argentine shi~ments was a bullish factor, and with fer- ngs here light, the advance was easl ly attained. On the upturn May the month of January, shown by the Washington Rapid Tran. sit Co. in fts report for t filed today with the District Utilities Commission. Net operating losses of . 19! were at month % lgg“ went to about 7 c¢ents a bushel above yesterday’s bottom figures. he open- ing, % to 2 higher, May (new), 1.61a 1.61% and July 1.39%al40%,. was followed by a decided further gain. Selling from yesterday's buyers made the corn market easy. Better weather also was a bearish influence. After opening unchanged to % up, May 78%a78%, corn all jow yesterday’s finish. . firmer, sympathizing The opening was un- 8. 81 | changed to 1.08 net higher, May Ss% 49 [39%a40, and the market held near to 8% 48y |the initial range. 50% 50! Provisions developed some strength, 4% 495 | notwithstanding lower quotations on 0gs. 20 Grt North pf (5). 3% Gt Nor Ore (1% ). 25% Grt Wstn Su (8). 101% Guaptanamo.... ' 8% Gulf Mo & Nor. .. 80% GuM &N pf (6). 101 Gulf States 8 (5) 79% Hartman (2%).. 804 Hayes W (13%)., 43 24g | Houston Oil,.... 64 Howe Sound (2). 85% Hudson Man 2% .. 37% Hudson Mot (3). 114% Hupp Mot (1)... 22% Tliinois Cen (7).. 117% Indep Ol (1), 264 Indian Motor (2). 21X Indian Refining.. 1% Ind Ref pf (7) 95 Indian Refe ctfs. 10% Tnland St1 pf(7). 111 Inspiration«(2).. 24% Interurb Rap Tr. $8% Intcontal Rubber 19% Internat Agri.... 21 Int Bus Mach(3). 48% Int Cement (4).. 64 - IntCom Eng (2). 46 Internat Har (5). 124 Inter Har pf (7)., 122 56 IntMtch pf(3.20). 103 103 |Int Mer Marine. . 82% 83% | Int Mer Mar pf. . 81% 84% | Int Nickel (2) 3 S. |int Paper....... 54 8% 8% |Intl Paper pf (7). 95% 46% 46% | Int Shoe (6)..... 166 100 100 |Int Tel & Tel (6). 120 96% 3 97 Tewel Tea 3 24 N e [Tewel Tea pe(ry. 1283 % Tones Bros Tea.. 17% % B0t [Jordon Mot (). Kan City South. . Kan C So pf .(4) Kayser J (3). Kelly-Spring. ... Kelly-Spring pf Kelsey Whi (6). Kennecott (4) Keystone T&R.. Kinney G R (4).. Kresge SS(1.20). Kresge Dept 8. Laclede Gas (8). 22" 95 |LesTire & Rub.. Lehizh Val(3%). 108% 109% | 1 opeFink ntt‘l‘&). B9 9 I izrett & M (+4) Tiz & My B (14). Lima Loco (4) Loews Ine (2) Loft. 4 T.oose-Wiles Lorillard(3) Louisiana Ol1. LouisGasA(1.75) Loufs & Nsh (6). Ludlum (2) M'CroryB($5.60). MelIntyre P (1).. i jon that the stock would be |Am C&F pf (7) :l‘:)';,l):n;ore either under a new Nickle {Am Chicle Plate merger, or under no merger at -:mCMcloet( 41% 41% 41% all, was gradually communicated to |Am Drug. 5% 8% 5% the rest of the railway section. Am Express (6), 126% 126% 124 This had its effect upon the general m:::rpl’:fi._’ 5 g& %;t 26% on was up a list. U. 8: Steel common was up a [ [ S R0 PR (H 83 93 Volume of business was larger, but |Am Foaxtan); it was still almost entirely profes- (4 st ot (6) sional. Some traders thought that | 4™ Internaul the short interest was still overex- |2 Lffl!aed tended and were basing their opera- 7" Lo';ld g tions accordingly. Others thought 0 (8) . that the recovery from n;; lo\;lprtc:a v Te- s 1 rd’\lmi?lmth: Short account and. thereby Am Radiator (4). 114% 114% 114% 1143 lessened this element of support. e ls?o;zubuc. . 65% 65% These differences of opinion were Ams;lflyR(l). 55 5§ reflected in a_combination of gains|AMShip&Com . 8% 94 and losses, in which neither side had [{m 3m & Ref(7;. 1303 131% any pronounced advantage. United A"‘ s“lu“(l.) States Steel most of the time was A:sl ys (3). showing o half-point advance. A Sugar (8). . . dependent _ steels, like Republic, | 4™ Sukar pt (7). 108 Bethlehem and Youngstown, werciup A: T:]’"&l"'c:(s) :‘l,fl :‘l)% fractionally, but without developing [T e 08 (). 40 40 any activity. A Y ipal advances occurred |Am Tobacco (8). 116%: 116% The principa uh‘e‘”}:lgh-pflced in- {Am Tobac B (8), 114% 116% among certain of t. Am Typ Pdrs(8). 120% 121 dustrial, like General Electric, the Am Wa Wo 11.20. 57 57% old American Can and Allied Chem- ical. This class of stocks goes up and :;: go‘z ::t (7). 108 down day by day over so wide a|{T UOO\h co e range that their fluctuations call for | ot g. g little comment. Owing to the scant |70 Jil . supply avallable for trading purposes |y 0. tos -+ ¢ they could be easily moved one way ArehBan b1 (. 108" 100 3 r The advance In crude ofl quota-|ATmourin A cay. Sop ek tions in the Pacific territory led to | Armour Il (B).. 14% . 144 more active buying, with fairly sub- | Armeur Il pf(7). 89% stantial gains in stock like Pacific Oil, | Artioom (3) 55 General Petroleum and California [Asso DryG(23:). 46 108 5 offering had been oversubscribed ~iim- | Be ulated the bond market in the early - dealings today, not especially in Gov- ernment “obligations, but in raflway and_ corporate issues. The medium |p grade bonds were in relatively greater demand. than the strictly high grade. Buying favored such issues as Rock Island, Lo and Arkansas 4%: St, Paul and sas City Short Line % | 4%s, Rock Island refunding 4s and Southern Rallway 4s. 3 Northern Palflflc 'uu:old uprd“x::“: o small fraction of the reco: ] for the year. This is one of the few | Chinese Gov Ry Ss. bonds that qualifies as legal invest-|cop nbi oo 0 ments for savings banks and still | QOPORAE yield 5.4 per cent. Czecho 7348 rets. . . Most “legnl bonds” are selling to | Grecho srtons . feturn less than 5 per cent. Czecho 8s 1952 There were several instances of | panigh Munic 8s B strength In the speculative ralls, | Danmark 68 v among them Missouri, Kansas, Texas | D 15145 Mch 53, . adjustments up at one time over & |p g In s Nov 53. point and Chicago and Alton 3%s. |Dutch East I 6s 47 Chesdpeake and Ohio convertible 58 | Dutoh Bast I 6s 62 and Delaware & Hudson convertible || galvador 8s 48 58 were again the leaders of their |Finjandsf 6s 45 group. . The Erie “A' and “B" con-|Rinland 7s. vertible 4s both were substantially higher. Foreign bonds were firm to higher. Poland 88 got up to 90, recovering all the loss earlier in the week. Sale of n.zaa.tuwt in {tons tIslll_t‘:l:: Railroad 4% per cent equipmen! certificates, maturing serially 1927 to 1941, was announced. Of the day's new offerings the most important was the $3,500,000 Metro- politan Edison first and refunding 5s, due 1953, priced at 99%. These were promptly sold. —ee Ry St1Sppf (7). 120 120 120 120 Ray Cons Cop... 11% 11% 11% 11% Reading (4)..... 83% 83% 5 Readingrts..... 18% 18% 184 Reading 2d (2).. 40% 40% 40% Reld Ice Cm (3). Bi% 50% G1% Remington Type. 108% 106% 107% Remingtn 2d (8). 108% 108% 108% Replogle Steel... 11% 1% 11 Rep Iron & Steel. Reynolds Spngs. Rey Tobac B (4). Robt Refs 1st pf. Rossla Ins (6)... Royal Du(a1.33). Safety Cable (4). St Joseph L(13). % | StL & SanFr (7). .{St L Southwest. . StL Swn pt (5). Savage Arms (1) Schulte (§8) Seaboard Air L. . Seaboard AL rts Seabd Afr Lipf Seagrave (1.20) . 874 Canad Pac deb 4s. Centof Ga 5%s Cent of Ga § 82 108% 102% 102% 103 90 90% 99 99 98K 98% 5 98% 93% 161 146% 5% 57% The report gave the ret operating revenye as $38,156 for the month, as compared with $31,721 for January, 1925, and $42,509 for the preceding month—December, 1925, 1t places the operating expenses for Januiry, 1926, at $42,391. which is much larger than for the same month in the pre vious year, the January operating ex- penses in 1925 being $30,212. In De- cember, 1925, they were $37,345. e net corporate income for the month covered in the report filed to- day reveals a loss of $4,715, against a profit of $4.441 for the corresponding month in 1925, and a loss of $801 in ember of the same year. The total number of revenue pas- sergers carried on the busses during the month in question reached 413,350, This was an increase over the same month a vear ago, when the busses transported 346,837, but fewer th were carried in December, compariso: showing the total to have been 441,999, Comparison Difficult. However, it is to‘be expected that December bus traffic would surpass that of January, as the Christmus rush is included in that month, which makes it usually prove to be the best revenue.month in the year. And traffic comparisons between la ary and January, 1925, are more c less unsatisfactory, owing to the reduc tion in bus fares which went into ef- fect on January 1, 1926, the purchase of tokens being cut from 9 to 8% cents on the half dollar purchase bass. % Operating expenses during the month showed a considerable gain, - being $4 for maintenance of chassis, against $2,860 in December, Wages of bus drivers and conductors totaled $8,768, against $9.5 bill was $5 compared with $5,338 in December. There was also a marked increase in the amount expended on lubricants and tires. Comparison of these expenses with those of a year ago are difficult be- *ause of an increase in wages of drivers and conductors and the placing of much heavier types of busses, in service in February, 1925. The report. does not show whether the new man- agement was forced to do a large amount of back repair work, or how much of the increased cost of oper tion was due to cold weather, acci- dents, etc. U. S. Issue Subscribed. It was announced at the Treasur Department today that the latest Government bond issue, offering $5 000,000 at 3% per cent, has been fully subscribed. It was put out three days ago at a premium of 3% of 1 per cent above 102 128% 128% 128% 128 46 48 6 - 406 41% 6% 124 31% 30% 101 101 80 79 304 30% 32 1024 1084 ek 743 8102 101% 101% 8 108 102% 102% 1024 1024 1024 8 101% 101 101 5 100% 109 109% 17 46% 46% 46% 27 9% 9k 9% 2 98% 98K 984 1 1024 102% 102% 4199 98% 98% fo i | 4 | aay e 10 110% 110% 110% S 8 AL 8108 103 103 ¥ 88% 88 | Sent. 1 102% 102% 102% 94tk 94% | 1 102% 102% 102% 84% 84% | July . 103% 103% | SRt 102 102% | May 102t 1024 | July 98 98% | May July gt i 8 106% 106% 1024 102% 1 95% 95% 96%| CHICAGO LIVE STOCK MARKET 1 Del&Hudistrf4s. 8 92% 92 92 | CHICAGO, March 11 (United States Del & Hud cv 55 35.306 118% 111% 113% | Department of Agriculture) —Hogs— Del & Hud 5%s.... 9 103% 103% 103% | Receipts, 34,000 - head; generally -,20 B7% 874 87%|jower than Wednesday's best price: -218 68% 66% 681 | hullc of 240 to 325 pound butchers, %[11.75 to 12.50; majority of desirable 77 | 200 to 225 pound weights, 12.90a13.30; 68% | good and choice 180 pounds down 1 onrviex A 72%| Jargely 18.65a14.00; tops, 140 to 170 Erfeconv4sB. pound weights, 14.00; packing sows, ErieconvdsD..... 45 79% 79% 79%|10.50a11.50; sorted kililng pigs, 13.75 Erieconvexts.... 9 107% 107% 107% | 14:25; heavyweight, 11.60a12.40; med- Erig deastses R8s, 106 |jum ‘weight, 12.00213.40; lightweight Erie (Pa) cittrds. 96% 96% | 12.25a14.00; light light, 12.20a14.0¢ FlaBCBs74...... 84 8% 9i% 98%|packing sows, 10.50a11.10; slaughter Gr Trunk sf db 6s.. 18 107% 106% 108% | pigs, 13.50a14.25. Grand Trunk 7s.... 5 115% 115% 1154 | Cattle—Receipts, 12,000; steer trade Qreat North bs 12 100 99% 99%| generally steady; quality ‘plain, bulk, 11 104% 10415 104% | 9.00 to 10.00; best heayies, early 10. 16 112% 112 choice steers very scarce; feeders 10 101% 101 1 18% 15% 15% |firm; mostly 5.0029.00; thin and meaty 3 101% 101% 101% ! 93% 93% 93% | cutters predominated in she stock - 22 94% 94% 94% | market, mostly 4.00a5.00; bulk of fat Hud & Manaj 5s... 21 78% | cows, 5.50a’ Il Central rt 55 65. G 107 107 | vealers 50 to 75 lower; mostly 12.00 to 1l Central 5%s.... | 103 103 | 13.00 on packe; TNI-C-C StL&NO 6s. 11 100% 100% 100% | Sheep—Receipts, 18,000; several 58 7 70% | double loads desirable fat lambs early 69% | to shippers and city butchers, 14.0 73 114.25; 25 to 40 lower than high time 91% | Tuesday, or steady to 25 lower than 104% | Wednesday’s close; packers talking lower on rank and file fat lamb offer- 91t | ings; a few fat ewes steady to weak at 8.00a8.50 nothing done on feeding and shearing lambs; tendency weak 85% | to lower in sympathy with fat lambs. 98% were, 1 CM&StP4s250fs 6 CM&StPgniss) B52% 53% 52% B34 CM&StPev4ls 148 115% 116 114% 1156% 120 120 56% 8 1064 106% 106% 10 88 87% 88 8 97 97 8 9% 9% 9% 43 89% 89% B89% o 98% 98% 6 106% Holland Amer 6% Hungary 6% Erie 1st cons 4s. e Erie gen 4s Japanese 6% < Jergens U M 6s 47 Lyon 6s a8 Marselile Mexico 48 04 asntd. Mexico 48 10 asntd. Mexico 5s assented. Montevidio 7s.... Netherlands 6s 54 Netherlands 6s 72 94k 93% 93 Petroleum. Other oil shares were ir- | Asso D G 2d (7) g: 122“ lgg ‘g“ regular, with not much change in|AssoOil (2) either direction. * Atchison (7)..... 128% 1: The market had evidently not fully | Atchison pf (5)- discourited the terms of the combina- [Atl Birm & At... 2% 2% tion between American Locomotive [Atl Coast L (19). 229% 230 and Railway Steel Springs. The basis | Atl Guif& W I 48% 46 .of exchange—two shares of American [AtlGulf & WIpt. 45% 45% Locomotive for three of Railway Steel | Atlantic Refing.. 102% 104% Springs—called for a readjustment. in [Atlan Ref pf (7). 116% 116% quotations, and the former stock came | Atlas Powdr (4). 56 56 down while the latter went up. Amer- | Atlas Tack. 18% 18% ican Car and Foundry was lower, Bald- | Austin-Nichi 22% 22% win Locomotive drifted about Within |paiawiny, (7)... 108% 109% & narrow range. Balto & Ohio(5). ° Y Air Reduction was one of the spe-(pano g ar (3)... 42 clalty features running up to a NeW {pq et [ eather. . high for the year. The advance was | parncazii% (o) based upon favorable earnings esti-|p,ineaall B (2), mates, which suggested the possibility | peechoNut (13). of an increase in dividends. Allis- | pCiGintnl e Chalmers rose over 2 points. United | peshienem Steel. States. Rubber was also affected by | pooth Fisherfes. good earnings. Botany A (4)...: i 3 Briggs Mfg (3).. CLOSING IRREGULAR. BKIn-Mn Tr (4) .. —_— Bk-Man T pf(6). Profit Taking Breaks Out in Final | Bkin Un G(111). .+ 86% 18% 1 86% 36% 364 & 98y 98% 984 19 104 108% 108% 2 107 106% 107 9 964 96% 96% 7 101% 101% }g}% 1% 4% 61 116% 116% 2 56 b6 18% 1% 185 165 156 155 it n 83 834 35% Orfent Dev deb Paris-Ly-Med Paris-Ly Med Paris Orleans 7s. ... Peru 7%s. Peru 8s. Poland < Poland 8s. .. Queensland 63 Queensland 7s. Rio de Jan 85 Rio de Jan 8s 47. Sao Paulo 85 1931 Sao Paulo 1960..... Saxon (P W) 7 Seine 7s 42.. 20 9% 9% 9T% 1 1024 102% 102% 27 68% 68 684 40 90 B9% 90 6 105% 105% 105% 15111 11 1 2 100% 100% 100% 3 100% 1004% 100% 5 105% 105% 105% 11 103% 103% 108% T 96 95% 95% 42 53% 2% 26 62% 5% 5% 42% 6 36 81% 634 83 T4% 04% % 1% 75 96 85% 98% 1%1% 65% il 83 4% Kansas City S s Kan City Term 4s. . Lake Shore 4s 28 3% 25% Hour of Trading. NEW YORK, March 11 (®).—The closing was irregular. Profit taking broke out in the final hour, with con- spicuous weakness developing in some of the sugar, rubber and miscellaneous issues. Burns Brothers “A" broke al- most 7 points, and American Sugar 3 points to new low prices for the year, while American Can, General Asphalt, Foundation and Goodrich slipped off 2 to 3 points. Total sales approxi- mated 1,750,000 shares. . Markets at a Glance NEW YORK (P).—Stocks irregular; Chesapeake and Ohio and ofl shares rally. Bonds firm; rail issues lead in activity. Foreign exchanges mixed; Scandinavian rates higher.. Cotton lower; weak spot markets. Sugar . Cuban selling. Coffee weak; lower Brazilian offering. CHICAGO — Wheat strong; bullish cables. Corn barely steady; large stocks. Cattle steady. Hogs lower. WALL STREET BRIEFS March 11 (P).—The ical Supply Co., Inc., 'rt made public_yes- et profit for 1925, fons, of 91 per share on 'k outstanding on as compared with 30 on the T nding. Proceeds additional 11,000 re'y for the ac- perty and busi- NEW YORK, Manhattan Eiect in its snnoal e terday, sherved after all ledu equivalont $ 81,000 shayss of & Dec: 1, $300.49% in 1924, or shares them outet from the = le of the shares were use: quiring of mev | ness. Testern Auto feciared an ini- of 50 cents ating pref- crued divi- re for the 22 to 31, payable March 20. The directors Supply Co. vests tial quartery ¢ a share on th erence Stoch, v dend of 5% em nine-day peribd 1925. Both @iv April 1 to holders Net incom: of Corporation fo¥ | 520 from $5¢ 134 equal after prefer a share on the s the vear before $234,473 Cor- 300,209, on the > $12,- an the prices of $361,000 materials, ete., In contrast ' ne in 1924, Lee Ribhe poration reports incom equivalent to § capital stock. 1 742,585, about $15 year before. Desiite rubber, the compbény in operating costi ¢ compared with 18 Surplus wa: $2,258,204. Total set. were § 076,925, of which $7488.719 were cur- rent assets, against @rvent liabilities of $4.367,303. Plant and equipment was carried at $6,862.7¢ e CALL MONEY RATES. N YORK, Marcl 1! (®).—call m:;\l‘e::vs:ud *high, 4% low, 434; rul- fog rate, 4%; closing Fd. 11, offered 5434 last loan, 4%: cal icang against o ceptances, 3% ; time 1oms firm: mix. o3 CCollateral, 60-90 diys, 4% 46 months, 4% prime meérutile paper, % I e Brown Shoe (2).. 42 Brunswick Balk. 27% Burns Bro (10)., 188 Burns Br B (2),. Burns Bro pf(7) , Butte&Super(2). Butte Cop (50¢)., Butterick. ... Calif Pkg (18) Calif Petrol (2). Calumt & A t4%. Calume&H (1%). Can Pacific (10) Case Threshing. Case Thr pf (7). Cent Leather. Cent Leather pf. Cerre De P (4)... Certain-Teed (4) Chand-Cleve.... Chand-Clev pf. .. Chesa&Ohio (4).. 128 Ches&O pf (6%). 129 C&Oectfs (4)... 125 Chi& Alton...... 8% Chi & Alton pf... 12% Chi & East 11l pf. 43% Chi Great West. . Chi Gr West pf. . ChiMil&StP... Chi Mil & StP pf. CMII&StP pf cfs. Chi &Nwn (4)... Chi & Nw pf (7). Chi Pneu T (5) Chi R I & Pac. CR1&Ppf (6) Childs (32.40)... Chile Cop (2%). . Christie Brown. . Chrysler Corp(8). 133 89 99 14 5% 19% 84% 85 104 104 641 105 105 49 42% $487.326, | Cyrvsler prA(8). 105% 105% Cluett Peab (5). . Coca Cola (7). Col Fuel & Iron. . Colo Southern Col G &E (2.60). Col G & E pf (7). Col Carbon (4) Com Cred (2) . Com Cr pf B (2) Com Cred 18t 6% . Com Inv (3.60). .. Com In Tr pf 6%. Com In Tr pf(7). 100 Com Solv A (4).. 143 Com Solv B. 140 Congoleum-N. Consol Cigar. ... Consol Distribut. Consol Gas (5).. Consol Textile. .. Cont Can (16) ... Cont Mot (80c).. Corn Prod (2)... Crucible Stl (5). . Cuba Cane Sugar. Cuba Cane Su pf. Cuba Co (4). .. Cuban Am S (2). Cuban Domin. . Cuban Dom pf Cushman’s (8) Cuyamel Fr (4).. Davison Chem. .. Del & Hud (9). 66 31 56 kil 56 83% 34 81 % - 164 D R G Wst pf. Detroit Ed (8)... Devoe&Ra(2.40). Dodge Bros CI A Dodse pf (7) Dorae Mines Dupont (10.. Dupuiit (115). Bastman (18)... Haton Axle (2).. Eisenlobr & Bro. Eiectric Boat. . Elec Powr & Lit. . EP&LDE 40% (1) 108 Elec P& L pf(7). Elec Sto Bat(16). Emmerson B pf., End Joh (5). ErfeRR.. Erle 18t pf. Erie 2d pf. - 1os 15% 16 5% METAL QUOTATONS. {EW YORK, March 11 (),—Copper qu?ctwfilectrulyuc. posie 4 Pt {iiga1as. Tin firm. Sp by, 66.50: futures. ul.o‘f 2 Wices unchanged. Lead oy D" Zine easy. East St louis, spo B3 tutures, 1.30a7.85. Artimn 18.50819.00. DRY GODDS SLO IFumonl Pf (8). {wed M pt (7). pot. | Bureka Vac Falrbanks (3) Famous Pl (8) 124 124 34% 71 89 95 FedLight(*1.40), Frst NatS(1%) . Fisher Body (5). Fisk Bub) 39 95 Fisk pf stpd (7). Fleisphman(2).. 48% Dispatch to The Star. o March 11.-Eotton sleadledy\_mziw but ymained slow. rint doths :::f: q?otefl unchanged &t 8% gents for $4x608 and 9% for 685725 Raw silks declined 5 ce.nmxax ‘::“4‘:-« }.‘-" low market. d e Sjee Tt at $6.80 & pound F Special ’;?EW YORK, goods markets at FoxFilm A (4).. | Freeport-Texas. . Gabriel Sn(13%) | GardnerMotor. . 9% 9 | Gen Am Tnk (3). 48% 48 | Gen Asphalt. . .. 66 68 |Gen Asph pf (5). 107 108% 39% 40 434% 27% 84% 344 14% 5% 21% 134% 136% 84% 59% 134% 136% | Manati.... 364 Mackay (7)..... 182 acy HR & Co. . Magma Cop (3).. Mallizon & Co. .. 14 | Man ElSup(4%) 5% | Man El gtd (d5). 21% | Man Shirt (1%) Maracaibo Oil. .. Market St prior. 59% Mack Trucks (68). 126% 165% 167% 17% 17% 60% 60% 64% 144 Marland Ofl (4). Marlin Rock (2). 155% 186% | \fartin-Parry(2). 84% 104 T% 17% 59% 64 46% Mathieson (4)... y Dept St (5). Mexican Seabd. .. Miami Cop (1) Mid-Continent 4 + | Middie States. .. % 1825 | Midiand pf (£9). }25; Miller R etfs(2). 125" | Mis Kan & Tex. . MoK & T pf (5). Maytag (2)...... 126 41 39% % 120% 120% 42% 46% 464 3T% 3T 166% Del L & Wn (17). 148% 144% . 42% 45 108% 109% 109% 29% 20% 62% 52% 124% 124% 123 84% 34 81 20! Fisk 1SUpf ev(7) 102% 1021 82% 83 Foundation (8).. 111% 111% % 69 24% 25% 10% 10% 22% 22% 48% 85%° 56 3% a 66 141% 141% 31% 80% 114% 114% 65 65% 88% 39% “46% 36% 164 142% 42% 129 40 35% £6% 18% 219% 103 109 b7s 28% 23% 525 124 71 39 , 94 19% 102% gh 108 67 24% 89% % 9 % 48 % 63% 107 ¥ 120 Missouri Pacific. Missourl Pac pf. Montana Pow (5) Montgom Ward. Moon Mot (3). Mothr Lode(75¢ Mo Picture(13). Motor Met(3.60). Motor Whi (2) Mullins Body. Murray Bod. 85% | Nash Motors. ... 56 | Nat Biscuit (14). 88% | Nat Biscu pf (7). Nat Cash Reg A. Cloak (4). ... Nat Cloak pf (7). Nat Datry (3)..- 12% 9% 12 18 17 70% 141% [ Nat Distillers. 3 Nat Distillers pf. Nat Enamel &S. Nat Lead (3). Nat Pw&Lt(40c) . Nat F'y Mex 1st Nat Supply (3).. Nevado Cop (1) .. NY Air Brake(2) NY Air Br A (4). NY Canners(c2) . NY Central (7).. NYC&StL (6).. NYC&StL pf (6). NY Dock pf (5).. NY NH & Hart. NY On & West. NY Rys partefs. *NY Rys pf tofs. Norfolk South. .. Norfk & Wn(18). North A (B3.40). North Am pf(3). NthAm Ed pf(7). North Pac (6). .. 7% | Norwalk (1.60). . ¢ | Nunnally (1.50). 0il Well Sup (2). 0% Onyx Hos pt (7). Oppenheim (3) . Orpheum Cir(2). Otis Elevator(§). 120 Otis Steel. Tols ¥ Otis Steel p! Outlet Co pf (7). Owens Bot (4). Pac Gai & Bl rts. Pac Ol (3)... Packard Mot (2). Paige Mot(1.80). Pan-Am (6)..... Pan-Am B (8).. . Pan-AmWaB(2). Panhandle. ... .. 85 | Park Utah (60c) . 5 | Pathe BxCLA. .. Penn-Seab Steel Peoples Gas (8). Pere Marq (18). . Pere Mar pf (5) Phila Co (4).. Phila & RC&1.. Fhillp Morris. Phillips Pet (3)... Plorce-ATrow. . .. Plerce-Arrow pf. Pierce Ofl. . Pierce Petro| Pitts Coal. 36 Pitts Coal pf (6). 77 PIttUL pL(11.20). 15 Pitts & West Va. 106 Postum (4.40)... 91 Press Steel Car. Prod & Refiners., Pub Ser NJ (5).. PubSerrts. ... PubS E&G pf(6) 9% | Pullman Co (8) .. 9 |Punta Aleg Sug. . 48 |Pure Ol (f2).... 67% | Radio Corpof A. 88 108% | Rwy 01 Spr (4). 67 1 102 82 48% 110% 68 . 24% N 98 168 88Y% 3 9% 19% 9% 60 28% 46% 32% 95% 1% 5% 3% 28% 28% 98% 98 168% 167% 39% 39% 28 38 374 8% 67 % | va-Car Chh7%Dpf. by | Yale& Town( Sears-Roebk (6) Shattuck F G(2). Shell Un (1.40) .. Stmmons(12.25). Simmons pf (7). Simms Pet (1) Sinclair O11 Skelly Oil (2). Sloss Sheff (8) South Port 8 (6) . Southn Dairies B South Pac (6). .. Southern Ry (7). South Ry pf (5). Spicer Mfg. 4 Splcer pf (8) Std Gas & El (3) Std G & El pf(4). Std Mill (5)..... Std Oll Calif (2). Std OLIN J (1). Std Of1 NJ pf(7). Std Plate Glass. . Sterling Pro (4). Stewart War (6). Stromberg (6) Studebaker (5).. Submarine Boat. SunOfl (1)...... Siweets of Amer. Symington...... Symington A(2). Tenn Copper (1). Texas Co (3) . Tex Guif 8 (10). Tex & Pacfic. Tex & PacC& O. The Fair (2.40). . Third Avenue. Thompson(3.60) . Tide Water(1%). Tide W OIl pt(5). Timken ($4)... Tobac Prod (7). . Tob Prod A (7). “Transcont Oil,. . Underwood (4). . Un Bag & Paper. Un Carbide (5) . . Un Ol (2). Un Paelfic (10).. Un Tank Car(5) . Utd Al Stl (50¢). Utd Cigar(*3%) . United Drug (8). UtaDrg 1st(33%). Utd Fruit (112).. 27 Utd Paperbd (2) USCIP&F(10). U 8 Distributing. U S Hoffman (3). U S Ind Alcohol. U S Realty (4) u i 52% 62 13¢% 135% 53 53% 14% 97 52% ° 52% 108% 108% 109% 111% 3% 3% 57% 5% 62 53W 80% 81% 42% 43% 145% 145% 9 91 S Rubber. U S Rub 18t (8) . US Smelt'(3%). U S Steel (17).... U S Steel pt (7). Universal Pipe. . Univ Pipe pf (7). Vanadium (2)... Va-Car Ch pf cfs. Va-Car Ch(mw 1. Va-Car Ch 6%pf. 125% 126% 2r 21 72 0% 10% 20% 61 95% Valron Coal &C. Vivaudou. . ‘Wabash. ‘Wabash pf A (5). ‘Waldorf (1%).-. ‘Ward Baking A.. ‘Ward Baking B. . Weber (4)... .- W Penn BLA (7). West Pen pf (1) West P E1pf(7) ‘West Maryland. West Md 2d pf ‘West Pacific West Pac pf (6) . ‘West Union (8).. 141 ‘WesthseAB(17). Westinghse (4) 48% 18% 18% 165 165 64% 64% 101 99 ‘White Mot (4) ‘White Mot (rts). ‘White Rock/(2).. Wickwire ctfs Willys-Overland. 27% Willys-Qd pf(7). 97% Wilson Co ctfs % 4% ‘Woolworth (5).. 187 187% 80% 284 29 wflmem:‘:l) Wi i WriglyWm(t4) .. 52% 52% 644 64y & 15)+ heant (3. 35 % B 8 B < Y:ult'mn(l)-‘ 80% 80% 78% 9% v | Swiss 535 1940, * | Utd Kingm 5%s 37 10 88% 88% 88% 3 93 93 93 1 102% 102% 102% 25 104 103% 104 1 116% 116% 116% 8 118% 118% 118% 15 105% 104% 105% Utd Steam Copen 65 2 944 94% 94% Zurich 8s.. 12 108 108 108 MISCELLANEOUS. Serbs Crot S1o-85. . Sweden 5%s ot Swiss Confed 85 Utd Kingm 5% 29. Lake Shore 4s 31 Lehigh Val en 48 Lehigh Val 58 2003. Louis & Nuni 4s... Louls & Nash 5s. Louls & Nash 7s... Man Ry 1st 90..... Man Ry 2d 45 2013 Mil El Ry & L 58 a7 2 84 84 5 102% 102% 2 9% 9% 1 107% 107% 4 105% 105% 2 64 2 58% 97 84 102% 4% 1071 105% 64 mEDN A GRAIN AND PROVISIONS. BALTIMORE, March 11 (Special).— ‘White gotatoes, 100 pounds, 2.00a4.50. Beans, Ramper, .00a10.00, Beets, 100, 6.00a8%0. Cabbage, hamper, 2.25a2.75. Sweet potatges, rrel, 2.00a5.50. barrel, 00a4.50. Carrots, 00, par. It is expected the books will be closed soon. The interest rate on the bonds, which will mature in 30 years, is the lowest proposed by the Treasury since pre-war days. Trading Is Steady. Trading on the Washington Stock Exchange today was of good volume Ajax Rubber 8s Am Agr Chem §s. Am Chain 6s Am Smit & R 1st 55. Am Sugar ref AmT&Tcltrds. Am T & T tr 5s. AmT&TsL6s, AmT & T deb 5%s. Am Water Wk b8 Am Writing Pap 6s. Anaconda 1st 65 Anaconda cv db 7s. Andes Cop 7s rot 18 1 3 103% 103% 103% 1 103% 103% 103% Am AgriChem 7%s 4 104% 104% 104% 8 100% 100% 100% 100% 100 108% 103% 103% 98 97% 98 1024 102% 102% 7 99% 99 99 103% 103% 103% 96% 96% 96% 47T 4T% 4T% 103% 102% 103% 104% 104% 105 M&StListrfds.. M St P & 8SM en bs, MStP&SSM5s38gtd MK&Tist4s MK&Tadjbs... MK&TprinbsA. MK&TEsC.. . Mo Pacific gen 4s. 100 Mont Trm ref 55 41. Nagsau E Ry 4s 57.. New Or Term 4s. .. N O Tex &M in 58 NO Tex &M 6sB. 2% | Public Service 6 100% 99% 100% Armour&Co 4%srf. 791 91 91 Armour Del5%s... 85 95 94% 95 Barnsdall 6sctfs... @2 100% 100 100 Bell Tel Pa 63 B 102% 102% 102% Bell Tel Pa 55 C 102% 102% 102% Beth Steel pm 5s. 9 95% Beth Steel rf 65 98% 98% Beth Steel 53%s 53 91% 91% 91t Bethlehem Steel 6s. 23 98 97% 7% Brier H St 15t 5148, Bklyn Ed gen bs. . Bklyn Union 53%s. 108% 108% 108% 132 130% 132 9746 96% 96% 2 104 108% 104 Cen Leath 6s 45 cfs. 14 100% 100% 100% Chile Copper 6s 32..127 107% 107 107% 5 104% 104% 10435 1004 100%_100% 100% 100%100% 103% 108% 103% 105% 105% 105% 101% 99% 10115 2109 108% 109 102 102 102 964 95% _96 106% "106% T06% 107 107 107 102 102 _ 102 116 - 116 ~ 116 105% 105% 105% 121% 121 121% 101 101 Commonwith P §s Con Gas N Y 5%s. Consumers Pow 5s.1.1 Cuban Am Sug 8: Det Edison 58 40 Dodge w i 6s. .. Goodrich 6%s. Goodyear 55 1941. Hershey 5%s. Hoe & Co 6%s. o 1 Humble O & R 5gs. Ilinois Bell 1st 55.. 14 102% 102% 102% Illinois Steel 414 9 96 95% 96 Int Mer Marine 6s 86 85% 85% Int Paper 5s 47. 94 93% 94% Int Paper 6s 99 99 99 IntT&T5%s 112% 111% 112% Lackawa 8 5s 50 98 97% 98 Laclede G 5% s 52. 104% 104% 104% Liggett & Myers bs. 100 99% 100 Liggett & Myrs 7s 120% 120% 120% Lorillard (P) 7= 119 118% 119 Loulsv G & E6852. 99% 99% 99K Manati Sug sf 738, 102% 102% 102% Mid-Con 6%s 40 102% 102% 102% Midvale Steel 58 841 U 94k Montana Pow 68 100% 100% 100% New Eng Tel 5 102% 102% 102% N Y Edison 58 44. N Y Edison 638 NY Tel 6s41. North Am Ed 6 103% 103% 108% 105% 105 106 94 99 106% 105% 106% 108% 103% 103% 108% 108% 108% 99% 09% 954 101% 100% 101% 106% 106% 106% 100 100 100 100 100 100 Nor States Pow 6s.« Nor States Pow 6s. . Otis Steel 7las FRPOTS SUPUPRPRIE ||~ PR - GHEN R Ry Plerce-Arrow - 1 107% 107% 107% 106 104% 104% 105% 104% 104% 108% 108% 108% 102 111% 1104 111t 1 ooz 89% 90% Pub Sery Elec 6 P Serv,Gasb%s 69.. P Serv Gas 5%s 64. Saks & Co sf T Hinelair Oil 6s 28% | moledo Ean 15t T8 United Drug 6: U S Rub 1st rf bs. 9 101 100% 101 . 11 106% 1054 108% 3 100% 100% 100% 1%s 2 6T% 614 6T4 Youngstn S & T 65, 28 102K 102 102 1014 101% 10134, NOT&M5%s. N Y Cent 4s 98 N Y'Cent deb 4s NYCentriss NYC&StLdbds. NY Chi&StL5%s A NY Chi&StL5%s B New Hav deb 48 56. New Haven c d 6s NYOntWistds... NY Rys 63 66. NYW&Bos4%s. . 11 73! 73 3% v ga—iT Northern Pac 3s Northern Pac 4s Northern Pacr i 6s. Ore Short L ref 4s. .146 Ore Wash 1st rf 4s. Pennsyl con 4%s. Pennsyl gen 5s. Pennsyl 5s 64. Pennsyl 615 Pennsyl gold 7s. Pere Marq 18t 5. PCC&StLGsA. PCC&StLESB75. PorRL &P 6s47. Por RL&P T%s 46 Reading gen 4% Reading J C 4s.51. StL&SFplisA. StL&SF prinbs StL&SF5%sD.. . St L &S Fadjés StL&SFplésC. StLS W 1st 4s. St LS W con 4s 32 St P& KCShL 4% Sou Pacific ref 4s. .. Southern Ry gen 4s Virginia R{ 18t &8 Whel& LErf 4%s. 2 9T% 97% 10 61% 61% 86 85 29% 99 11 98% 984 13 103% 103% 2 88 B6% 5 94% 947 35 103 102% 38 107 1067 10 7% 77% 20 95% 95% 23 100% 100% 12 100% 100% 5 69 -69 47 99% 99% 0% 70 3 B8B% R7% 34 111% 111 97%. 97% 9 85% 854 100% 100% | than ample for the present limited de- 104% 99% 112% 107% 102% 100% 100% 100% 107% 95% 905 % C96% 90% 9% 9654% 101 24 6 88 87y 1024% 102% 84% 84y 92% 88 854 804 10 46 8% 82y 104% 104% 108 108 113% 118 6 €1 60% 61 GOw 3% 93y 996 9915 107 107 103% 103 100% 100% 98% 98 2 99% 99% 101 100% 68% 63% 98 97w 85% 85% 8 86 24 15 99% 88 11% 97l 854 104% 99% 112% 107% 102% 100% 100% 1014 107% 964 90% 9% 97 k% T9% 954 1011 94y | L 874 102% 84% 92% (3 88 85w | 2 804 82 104% 108 113% % 60% 3% 99% 107 103% 100% 981 99% 101 68% 97% 854 86 STOCK OFFERING TODAY, NEW YORK, March 11 (#)—A sub- stantial block of the common stock of Intercontinental Rubber Co. will be offered’ tomorrow at $19 a share by Henry D. Lindsley & Co. Offering being made today of $600,000 new Egyptian Portland Cement Co, 7 per cent cumulative preferred stock at $100 a share. POTATO MARKET STRONG. CHICAGO, March 11 (#).—Potatoes | —Receipts, 46 cars; total United States | quisition of a controlling interest in shipments, 682; 18 Canadian, trading |the General Petroleum Co. of Cali- htly stronger; | fornia, which has 00a4.25, 16 | 45477; goose eggs. $vado. plants, cr 2.00a2.25 Peppers, cr pounds, basket, 2 6.50. Onions, 100 Oysterplants, 100, 6.00a8.00. hamper, 4.0024.50. Parsnip: ket, 40a60. ‘Tomatoes, crate, 3.0026.00. Spinach, barrel, voy cabbage, bushel, k- Lettuce, , 3,00 50; bushel, T5a 3.25a5.00. Tangerines, Strawberries, quart, Sellirig Prices at Noon. ‘Wheat—No. 2 red Winter, spot, do- mestic, no quotations; No. 2 red Win- r, £ 1. Sales—None. Corn—Cob, new, spot, 3.60a3.65 per as to delivery; domestic yel- 2, new, 80 per bushel: ex- No! 3, ports, No. 2 T0%. Onts—No. spot, 73% asked; , 49a4912; No. 3. new, arby, new, 85a%0; No. 3 The gen- | . with sup- and kinds more ion | plies of all’ grades mand. Prices generally are in buy- favor. Low grades of clover mixed and No. 2 clover are particu arly hard to move per ton, today: . 1 light clover mixed, light clover mixed, . 1 clover mixed, 23.00 .00223.50; No. 23.50a24.00; 50 No. 1 clover, 0.00a21.00. 1 wheat, No. 1 oat, 14.00a14.50. 13.00a14.00; DAIRY PRODUCTS. BALTIMORE, March 11 (Special).— y—Young chickens, pound, ; Leghorns, 27a34; Winter a44; old hens, Leghorns, 5 ns, 37a44; ducks, 25a roung turkeys, 40a poor’ and crooked breasts, pigeons, pair, 25a30; guinea . Dressed poultry— 40a50; old, gs—Ri and_nearby dozen, offered at 26a26%; candled, 28; duck eggs, dozen, Bufter—Good to fancy creamery, pound, 42a46; prints, 45a47; ladles, 3da 36; store packed, 31: dairy prints, 32a 35; process butter, 39a40; rolls, 32a35. MERCHANTS AND MINERS’ EARNED $6.14 PER SHARE NEW YORK, March 11 (#).—Mer- chants and Miners Transportation earned $6.14 a share in 1925, against $3.48 4 share in 1924, net income hay- ing risen to $1,488,198 from $837,721 the year before. PARIS PRICES STRONG. PARIS, March 11 (#).—Prices were strong on the Bourse today. Three per cent rentes, 49 francs 40 centimes. Exchange on London, 134 francs. Five per cent loan, 57 francs 20 cen- times. The dollar was quoted at 27 franes 55 centimes. LR ST BAR SILVER PRICE. NEW YORK, March 11 (#).—-Bar silver, 6614; Mexican dollars, 50% Officials of the Standard Oil.C -|a 2 | point { mew resort loc and at steady price levels. Georgetown Gas 5s sold at 98, while Washington Gas 6s brought 99% in $500 - block. Washington Gas 6s went at 1021. Potomac Electric Power 7s changed hands at 106%. On the stock side Capital Traction came out at 113, which was off half u from ‘ the market yesterday. Potomac Electric Power, preferred. was down quarter of a point from sterday, 15 shares changing hands in four transactions at 107. Potomac Electric Power interim certificates went at 106. Washington Gas Light while 10 shares of ston Monotype were sold at §17%. Forty shares of Merchants’' Transfer and Storage, preferred, sold at par and National Mortgage and Invest. ment, preferred, stood at 81;. I. A. Fleming Returning. Friends of 1. A. Fleming, for many vears financial editor of The Star and still a Virile writer on financial topics, have received word that “Pop” will l\eave the Sunny South about the 1st of April and return to his home in Washington. Mr. Fleming has been wpending the Winter basking in the gentle breezes at Hotel Indialantic, a ted on the ocean c to Melbourne, F Mr. Fleming h: passed many Winters at Melbourne, and about a r ago was honored hv {being asked to lay the cornerstone of the hotel in which he is now lvins. His associates in Washington will re- call that the hostelry where he tayed for many ye: was burned last Winter, and that he was forced to leave the building in such haste that he left much of his finest wear- ing apparel to help make the blaze more spectacular, That Mr. Fleming has been drink- ing freely of the fountain of youth during the present season is shown by the fact that he is in such good health that he will get back to Washington earlier than he often has in the past. Seeking Stock Subscribers. Employes of the Chesapeake and’ Potomac Telephone Co. are carrying on the drive which they started la: year to get more subscribers to be- come stockholders in the business Last vear a special drive was carried on in 31 cities and surrounding ter- ritory in this part of the country and highest honors for the sale of Amer- ican Telephone and Telegraph stock went to Lynchburg, Martinsburg and Wheeling. At the close of the year Washington stood in sixteenth place on the list. Alexandria was four-: teenth, Baltimore was twenty-fourth,! Frederick, twenty-fifth and Rich- mond twenty-seventh. The reason that the larger cities were left far behind in the race is likely due to the fact that the large number ot stock bond houses in thess places make competition much keen er than in the so-called small towns Want Finance Decisions. The Interstate Commerce Commis sion's decision disapproving the Nickel Plate merger has led other roads to seek light on financing pre posals of their own, The commission rejected the Nickel Plate’s plan 'to issue preferred sto: with limited voting rights. Today the Pittsburgh and West Virginic filed a memorandum saying it as ed the ban on that method financing was meant to apply only in the case of the Nickel Plate. The Pittsburgh and West Virginia has pending a proposal to change the. par value of its common stock and convert a pertion of it Into pre ferred stock. The road told the com- missign today that, unlike that of the Nickel Plate, its application in- New York refused to comment yester- day upon rumors of the company's ac-| 7583.90; Idaho sacked Rus- | Petroleum - to quality, up %. “Ayear, volved “no conflicting interests and no dissent.” FIRM SALES GAIN. NEJV. YORK, March 11 (). —Sales’ of National Tea Co. for the first two months thl:hy-r inc; - 15.9 per, cent over same last, . $8,796,937 against 01.‘:1:.:: i |