Evening Star Newspaper, March 16, 1926, Page 28

S » STOCKS ARE LOWER ASTRADING CLOSES Whole List Weakens in Final Hour of Trading on Ex- change Today. BY STUA Special Dispatch to The Star. VW YORK, M h 16.-— The stock et went lower again today. the tirst hour the motor up, and so aid United Put the real forward As soon as there had ort_covering to re- ¢ of support prices mar During shares ran States Steel nush was gone been suflicient move this elen started downward, In the last hour the whole list was ™ 0 break in Ward Baking “B,” fol- lowing the drn|| of nearly 6 ]\oh\k“ on uted to continu- fon which started against the baking merger. weakness in Foundation Co. was set down to the winding up of a pool operation which, it was believed, had not been partieularly successful. The stock sold close to 180 in January and lose to pa he shares of other industrial com- belonging to the newer class One of these was another was Kresge. ‘Ward Baking Earlier in the chmann, B dropped below 50. . however, went higher. The rise Pan-American “B,” so it was ught. might have been due to short covering. Speclal buying opera- tions in General Asphalt, when the general market broke last Saturday, were resumed. During-the arger part of the trading period <tocks like General Petroleum, Pacific Oil and Califernia Petroleum fluctu- ated within narrow bounds. Most of the transactions in Pure Oil were at substantially unchanged figures. Shorts seemed to be anxious to cover ited States Steel, in General Mo- d in Hudson Motor. General now on a $7 basis, 13 belleved to have extra dividends In prospect. And this expectation, along with the eport of continued enormous earn- Tngc. is the motive back of the buying of the stock. SING IRREGULAR. ProfitTaking in General List Re- sumed in Final Hour. NEW YORK, March 16 (#).—The Slosing was irregular. Profit-taking in the general list was resumed in the final hour coincident with fresh- N‘I!lm: of food shares and uther spe- clalties Ward Baking “A” broke 15 woints on a single sale, selling at the Your's Jowest price of 150. Fleisch- n Safety Razor 3 26 low levels. Chesa- peake and Ohio receded from 134 to 331, Total sales approximated 3,460,000 shares. ‘ Markets at a Glance W YORK (#).—Stocks irregular, Steel leads early rise. Bonds rail and oil issues higher. For- anges mixed; Argentine pesos y. Cotton firmer; cold ugar steady; commission Coffee easier; lower sready; lower; disap- Corn barely Cattle CHICALO—Wheat pointing export demand. casier cash markets. trregular. Hogs firm. CHICAGO LIVE STOCK MARKET CHICAGO, March 16 (United States interrupted ! TINANCIAL, ! Oven. High. Low, Close. Advance Rumley 14 14 14 14 Ahumada (11) 8% 8% 84 B4 Alr Reductn(45). 117% 117 116% 116% {Ajax Rubber.... 11% 11% 11% 11% Alaska Junea.... .1% 1% 1% Allled Chem (4). 126 1277 124% 125 ATlled Cmpf (7). 120 120 120 12‘7 Allis Chalm (6).. 85 85 85 Alls Chal pf (7). 107's 107% 107% 107“ Amerada Corpn.. 25% 25% 20% Am Agricul Chm_ 24% 25% 23% Am Agri Ch pt. 5% T8 74% Am Beet Sug ( :|.. 32% 31% Am Bosch 24% 23% 127% 127% 3815 98 . 3091 8§ 303 .. 51% B2l Igos': 198% a . 128% 123% % An (‘nru‘d 6). 1003 101% 100's 101 Am Chicle cira. 404 40 40 Am Drug 6% 6% Gl G4 Am Express (6). 126t 126% 126% Am & For Pow.. 25 . Am&rovpuv) 93 AmTce (+10).... 124 Am Tcepf (6)... 83% Am Internatl, 4% Am Linseed... . 401 Am Loco (8). .. 102% Am Loco pf (7). 118, Al Metals pf (7) 114 Am Radlator (4). 1124 .65 ). 127!!- 1 Br Boverl... 38 Am(‘unus) 39% 39% 408, 40'5 40% 103 101% 1017 118% 118% 118% 114 114 114 112% 1124 112% 65 64% 647y 53 50 9% 10 127% 127% 114 114 114 139% 139 189 4313 4314 431 8% 1% Tl% 1% 11': 11% 1470 146% 147% 1156% lll'n“. 1};9- 1% Am Repubite. . Am Safety R (2). 53 Am Ship & Com.. 9% Am Sm & Ref(7) 128 &Rpf (7). 114 Am_mm‘(r) .. 139% Am Stl Fdys (3). 4314 Am Sugar (5). 3 Am Sumatra Am Tel&Tel (9). Am Tobacco (8). Am Wa Wo 71.20 Am Woolen.. ... Am Wool pf (7). Am Zinc. Am Zinc pf. Anaconda (3). Archer-Daniels. . ArmourDelpf (7) Armour Il A (2) Armour Il1 (B) ... Armour Il pf(7). Arnold Con (n).. ~ Artloom (3). Asso Dry G (2 Asso Ofl (2). Atchison (7). Atchison pf (5).. At] Birm & At. Atl Coast L (49). Atl Gult& W I. AtlGulf & Wipf. 45';. Atlantic Refing.. 101% Austin Nie pf(7). 88 Baldwin L (7)... Balto & Ohlo(5). Barnsdall A (2). Beech-Nut (13).. Helding Bros(3) . Bethlehem Steel. 437 Beth St pf (7)... 100% Beth Stlpf (8).. 1143% Booth Fisherles. 6 Briggs Mfg (3).. 81% Bkin Edison (8). 139 BKIn-Mn Tr (4).. 62l Bkin Un G($11).. 73% Brunswick Balk. Brunswick Ter. . Burns Br B (2) Burns Bro pf(7). Butte Cop (50c) . Butte&Super(2). Butterick 115% 54 8278 45% 397 L6 L3% 18 90% 24% b5 4385 584 o 127% 127% 95% 95's 85 2% 2% 2% 215% 208 208 451 44 44% 45% 46% 46% 102 101% 102 e8 88 88 1097 108 108 92% 905 908 28% 28 28% 62 62 63 $5% Sb% 35% 437y 43 48 100% 100% 100% 114% 114% 114% 6 6 6 31% 381 31 189 138 135 62% 62 58% 128 108% 917 28% 62 85% 8% 26% 11 132% 181 181 6% 35% 36% 2 2 2 59 66% 57% 14% 144 143 155% 156% 165‘6 16% 16' 57 57 2017 20% 63% 63% Callahan Zine. Calumt & A +41 Calume&H(113). Can Pacific ¢10). Case Threshing. . Cent Leather. Cent Leather pf. entury Rib (2). rre De P (4)... Certain-Teed (4) 45% 4b% Chand-Clev pf... 41 Chesa&Ohlo (4).. 1331 Ches&O pf (63:). 182 C&Octfs (4). 14% 166 80% 1 12935 130% 181 131 8 41 184 1324 181 131 130 124 Chi Gr West p! Chi Mil& St P... Chi Mil & StP pf. Mi] & St P ctfs. CMII&StP pf cfs. Chi & Nwn (4). Chi Pneu T (5). Chi R1& Pac 16% 104 15 *70 1% [Hartman (z215). THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Low. Close. 99% 99% 99% 99% % % 7% % 98% 98% 98% 98% 9% 9% 1% TT% 2015 20% 29% 29% 424 a2% 42% 62 63 42% 62 841 109% 23 Grt Wstn Su (8). ‘Guantanamo. . GuM&N pt (6). |Gulf States S (6) Wotay \_ Houston N ! Howe Snd (123() Hudson Mot (3). | Hupp Mot (1)... Tllinols Cen (7). Indep Oil (1). Indfan Moter {Indlan Refining. . Indian Refg ctfs. Ingersoll R (3).. Inland St (212) .. Inland St1 pf(7). Inspiration (2). . Interurh Rap Tr. Intcontal Rubber Internat Agri.... Int Bus Mach(3). Int Cement (4).. Int Com Eng (2). Internat Har (5). IntMitch pf(3.20) . Int Mer Marine. . Int Mer Mar pf.. Int Nickel (2). Int Paper. . Int Tel & Tel (6). Jewel Tea....... Jordon Mot (3).. Kan City South. . KayserJ (3).. 63 85% 35% 108% 23 111% 112% 23 28% L1717 . 26% 26% 21% 12t 10% 91 40 26 10% 91 40 Kennecott (4). . stone T & 1. sge BS(1.20). Kresge Dept S Lee Tire & Rub Leh&Fink ctf(3). Lifesavers (40c) Liggett & M (14) Liz & My B (+4). Lig & Mpf (T)... Loews Ine (2). Lott..... g Long Beli A (4).. * | Lorillard(3). Louisluna O11. LoulsGasA (1. Louts & Nsh (6). Ludlum ¢2). McCrory pf (7). Mack Trucks (6). Macy H R & Co Macy pf (7). Magma Cop (3).. Man El Sup(4%) Man Shirt (132). Man Shirt p£(7). Maracaibo OIl. ... Marland Of1'(4) . Martin-Parry(2) May Dept St Maytag (2)... Mexican Seabd Mtami Cop (1)... Mid-Continent. .. Middle States. . . Mid States Otl ct. Miller R ctfs(2). Minn & St Louis. Mis Kan & Tex. . MoK & T pf (6). Missour! Pacific. Missour! Pac pf. Montana Pow (5) Montgom Ward. . Moon Mot (3).... Mothr Lode(75¢) Mo Pleture(11;). Motor Met(3.60). Motor Whi (2)... Murray Body Nash Motors. Nat Biscult (14). Nat Cash Reg A Nat Cloak (4)... Nat Dalry (3)... Nat Distillers. Nat Distiliers pf. NatEnamel & S Nat Pw&Lt(40c). Nat Supply (3).. Nat Surety (9) Nat Tea (4). Nevado Cop (1).. NY Alr Brake(2) NY Canners(c? N Central (7 NYC&StL (6). 5 | NYCEStL vt (8 NY Rys pf tefs. lag F pf (1%).. Department of Agriculture).—Hogs— Receipts, 20,000 head; uneven; mostly 10 to 15 higher than Monday’s best light light and Killing plgs less advance; big packers in- active; bulk of 240 to 325 pound ers, 11.60a12.50; majority of 200 pound weight, 12.90a13. bet- ter grades of 180 pounds down, 13.75a 14.10, tops of 130 pounds up, 14.1 160 pounds up, 14.10; packing sows, 10; good and choice killing heavyweight, veight, 12.00a 12.60a14.15; ligl t all "l Cattle— Receipts, head; wieers dull; about like Monda: better grades 23 to 40 und close tveek; quality plain: bulk, 9.00a9 few of values to sell at 10.25; pows moderately active: stead Ser grades of light heifers we; even to lower than last week; liberal supply of utters offered mostly 4. ers 50 Tower; Pulk, 11.00 to 12.00 to packers. Sheep——Receipts, 10,000; slow: sheep and feeding lambs steady; Indication of fat lambs around 25 lower; no early fat sheep and shearing lambs few lots of fat ewes, 8.50a8.75. fat st o Flour Exports Increase. £peaial Dispateh to The Star, BALTIMORE, March 16.—A large fnerease in shipment of flour from Paltimore last week is shown in the Weekly report isued by the maritime purcan of the Chamber of Commerce. According to the report, 10,092 barrels left Baltimore r foreign purl‘lu\l exporis for the Week 1,339 barrels. But of grain were ex- ported, t 1,175,103 by last re- port. The grain was made up of 98% 49 104 104 551 65 83% 283% 05 R[ &P pt (7) ChiStPM&O... 4 C StPM&O pf(3). 104 Childs ($2.40)... 65 Chile Cop (2%).. 38% ChryslerCorp(3) 0% 1% 40 Coca Cola (7). . 138 136 136 Col Fuel & Iron % 83% 82% 82% ColoSou 1st (4), 66 66 66 66 ColG&E (2.60). 80 80 79 79 ColG& Epf (T). um lun xégu. 114% 66 !2% 82 824 64 64 64 94% 94% 944 187% 137% 1877 % 136% 133% 133% 18% 18% 18% 184 60% 60% 59% b69% 8% 3% 8w 34 94 9 93% 94 2% 2% % 0 9% 80 1214 12 12 38 88 88 50 650 1% 1% 9% 42% 42%h 42% 46% 45% 46% 20% 2b6% 25% 2% 18% 89%% 89% 354 844 Bd% 28'% 28% 28% 173% 169 169 143 143 143 128 127% 128 36% 354 86% 86% 86 86 194 19% 191 20% 20% 20% 4% 4% 4y 225 221% 221% 112% 112% 112% 28% 284 28y 72 78 72 6% 22 49 104 Com In Tr pf 61. Com Solv A (4) Com Solv B, Congoleum-N.... Consol Cigar.... Consol Distribut. Consol Gas (8).. Consol Textile. .. Cont Can (18)... Cont Mot (80c) . Corn Prod (2) Coty Inc (4).. Cructble Sti (5).. Cuba Cane Sugar Cuba Cane Su pf. Cuba Co (4). . Cuban Am 8 (2). Cuban Domin Cuban Dom pf. Cushman's (8)... Davison Chem. De Beers (1.23) Del & Hud (9) ) Detroit Ed (8).. Dodge Bros Cl A. Dodge pf (7).... Dome Mines (2). Douglas Pec (1). Dul S & Atlan.. Dupont (10. Dugquesne p! Eaton Axle (2).. El Auto L(16%). Electric Boat Elec Powr & Lt % 80%% 12% 88% 320,000 bushels of barley, 60,000 corn, wheat, 50,000 oats, 42,857 rye and 6,412 malt. Copper added tq the exports, with 5,703,306 pounds,’and potton with 346 bales. FOREIGN EXCHANGE. 4Quotations furnished by W. B. Hibby & Co.) mlnbl Sel)lnt checky I day. ‘Q 8 Fansels, franc riin. mark.. i i kfwnnulm. c NEW YORK, March 16 (#).—TIor- »sign exchanges irregular. Quotations iin cents): # demand, 485%; ca- ay bills on banks, demand, 8.60%; ca- , demand, 4.01%; ca- Great 0 Uem.lml Belglum. 4.161%; Germany, Holland, 21.63; Sweden, 26.77; rk, 26.18; Switzerland, 19.24%: 14.08; Greece, 1.39%: Poland, Czechoslovakia, 2.96; Jugoslavia, Austria, 14%; Rumaria, 313, Montreal, Argentina, demand, U$8.70, de- 1 , $7.87; DBraz!l, demand, 14.45; cables, 14.50. BAR SILVER PRICE. NEW YORK Movch 16 (@), silver, 6573; Mexican dollars, 50%. ~ Bar | 2: EP&LDE 40% (1) 102% Elec P& Lpf(7). 92% Elcc Sto Bat(16). Elk Horn % Emmerson B pf.. End John (5).... ErfeRR... Erie 1stpf...... Eureka Vac (4).. Fairbnk M pf(8). 111% Famous Pl (8)... 124 EedLight(*1.40). 32% Fed Min & Smelt. 86 Fed Min pf (T)... 6% Frst Nat S(1%). 88% Fisher Body (5). Fisk Rubber..... Fisk pf stpd (7). Fleischman(2) Foundation (8).. 108% Fox Film A (4).. 66 Freeport-Texas.. 25 Gabriel Sn(13%) 37% Gen Am Tnk (3). 48 48% 47 47% Gen Asphalt. 2% 2% 69% 0% Gen Asph Df (5). 112 118% 112 113% Gen Clgar wi .64 54 B4 4G Gen Cigar (8)... 109 109 109 109 Gen Electric (8). 326 327 819 819 Gen Elec sp(60c) 11% 11% 11% 11% GenGasA (1%). 4T% 47% 47% 47% Gen Mot (112)... 128 130% 127% 127% ll«fi 114% 114% 30K " 30% 631% 63% 46 46 57% 574 wsu 108% 108% 223 2! 102% 102% 1021 93 93 14 69 285 40 47% a7 111% 111% 1113 124% 1224 122% 334 32% 324 8¢ 84 % T5% 38% 88k 93 9% 18% 16% 88% 43% 445 1037 1000 101% 67% 66 66% 26% 25 26 37% 874 374 Gen Refrac (2).. Gimbel Bros. . ... Gimbel Br pf (7). 10§’- | Gold Dust. | Goodrich Ru u» {Goodrich pf (7). | Goodyear p? (7 1 S H2 Cou (2 6414 29%5 !055: (m Nor Ore (1) % | Pullman Co (8).. Norfolk South. .. Norfk & Wn(18). North A (B3.40). NthAm Ed pf(7). North Pac (6)... Ol1 Well Sup (2). Omnibus. ... Onyx Hoslery Onyx Hos pf (7). Oppenheim (3). Otis Ele\mor(c) Otis Elev pf (6). Otis Steel. . Otis Steel pf . Owens Bot (14). Pacific Gas (8). Pac Gas & El rt. Pac O11 (3). Packard Mot (2). Paige Mot (1.80). Pan-Am (6)..... Pan-Am B (6). Panhandle. .. Park & Tiiford. .. Park Utah (60c). Pathe ExCIA... Penick & Ford. .. Pennsy RR (3).. Penn-Seab Steel. Peoples Gas (8). Pere Marq (18) Pere Mar pf (5).. Pere M prior(5). PhilaCo (4). Phila Co pf (3) Phila& RC&I.. Phillips Pet (3).. Plerce-Arrow Plerce-Arrow Plerce Petrol Pitts Coal pf (6). Pitts Ter pf (6).. PittUt pf(11.20). Pitts & West Va. Postum (4.40). Press Steel Car PrStl Car pf (7). Prod & Refiners. . Producers&R l'f. PubSer NJ (6).. Pub Ser rts PubS N Jpf (8). 120% 120% 864 75% 81% 63% 50% 41% 46 83% 99% 6% % 86 15% % 116 166% 167% 38 388 28% 28% 108'% 108% Punta Aleg Sug. Pure Oil (12).... Pure Oll pf (8).. Radlo Corpof A. Rury 81 Spr . Ray Cons Cop. Reading (4)- Reading rts. Reading 2d (2). . Reld Ice Cm (3). Remington Type. Replogle Steel. Rep Iron & Steel. Reynolds Spngs. Rey Tobao B (4). Rossta Ins (6). .. Royal Du(a1.33). Safety Cable (4). St Joseph L(13). StL & SanFr (7). Savage Arms (4) Schulte (§8)..... Schulte rts...... Seaboard Alr L., Seaboard A Lirts Seabd Afr L pf. . Seagrave (1.20).. Sears-Roebk (6). Seneca Copper. .. Shattuck F G(2). ShellT&Ta92%c. Shell Un (1.40) Shell Un pf (6) Shubert Theatre. Simmons($2.25). Simms Pet (1)... Sinclair Ofl. . Skelly OIl (2).... 29% 53 Shef (6)... 117% P <outh Port S (8)v 1194, utha Dalries B 33% uth Pac (6)... 99% Southern Ry (7). 113% |lJ Ry pf (3).. 90 90 108% 87 66 11% 84 40% 90 g - INBOND MARKET Belgian Issues Continue Heavy on Same Factors That Hit Exchange. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 16.—Demand in today’s bond market was relatively stronger for the high-grade securities. peculative issues were highly irregu- r, some of them recovering from the setback of Monday and some failing to rally at all. In the strictly investment group. it was the first mortgage rafls legal investments for savings banks that were wanted. The difficulty was to fine large blocks of desirable issues. Tor such, the market has been pretty well cleaned up temporarily at least. During the past 10 days, one Wall % | reacted easily from their recent high. 4 | Gtah Coppdr (5). & | White Eagle (2 street house has bought for its cus- tomers $5,000,000 in this grade of bonds, all ‘of which have been taken out of the street. he feature in the forelgn group was again the Belgian issues, which continued very heavy, influenced by the same factors that affected Bel- glan exchange. Belgian 6s, 61¢s and s all made new lows on the move- ment after an early rally. This sell- ing today was not accompanied as on Monday by weakness elsewhere in the foreign list. The South Ameri- can obligations were at times actually strong. Argentine 6s, serles A, of 1957, touched par for the first time. State of Sao Paulo 8s, 1950, crossed 104 to within a fraction of the best previous price. Bolivia 8s and Rio de Janelro 8s of 1947 gained frac- tlonally. So dld Montevideo 7s. Price movements in the speculative rafls were mixed. Seaboard refunding 4s opened down a half point, but the Consolidated 63 made a good récovery. Missour{-Kansas-Texas adjustments sold off slightly, notwithstanding the raising to $6 of the dividend rate on the preferred stock, into which the bonds are convertible. Peoria and Eastern incomes, Chesapeake and Ohio convertible 51 and Delaware and Hud- son convertible 5s were all higher. Among_utilittes Manila Electric 7s Convertible oil bonds were mostly higher, and there was an advance of a point in International Mercantile Ma- rine 6s. The $3,500.000 Canadian Rafl and Harbor Terminals first 613s, due 1951, offered at par, were oversubscribed. DIVIDENDS hPefiod. Rate. Payable Apr15 Stock of record Apr 1 Apr Apr Mar22 Mar 0 Mar2: Mar22 Mar15 Marl1s Apr 1 Apr Lord & Tas . Mount & Guit 0 ¢ Do 5 .2 gm, P @ 24 Mar31 Mar15 Mar20 Mar30 Mar33 Mari? Mar1? § Sfand. Com. Tob: Tiptle Stand Miv. Spleer Mfg Std Gas & El (3). Std M{ll (5). Std Ol Calif (2). StdOIINJ (1 Std OIL NJ pf(7). Sterling Pro (4). Stewart War (6). Stromberg (6) . Studebaker (5) Submarine Boa 42% 117% 81% 84 7 1 58% 3 274 Symington A(2). Tenn Copper (1). Texas Co (3). Tex Gulf S (10) Tex & Pacifle. Tex & Pac C . *Tex Pac Ld Tr.. The Fair (2.40) Third Avenue Thompson(3.60) ., Tide Water(134). Timken ($4)... Tobac Prod (7) ‘Tob Prod A (7) Transcont O}l Underwd pf (7).. 121 Un Bag & Paper. 03 Un Carbide (5).. 84% n Oll (2)... 44% Un Pacific (10).. 146 Utd Al Stl (50¢). 30 Utd Cigar(*3%). 961 Un Cig St pf (7). 118% United Drug (8), 148 Utd Fruit (112).. 278 Utd Paperbd (2). 34 USCIP&F(10). 178 USCIPPf(7)..101% U 8 Distributing. 49 U 8 Ind Alcohol. . 2% | Laclede G 515 52. . U S Smelt (3%). U § Steel (17) . 5 125% 126% 126!6 126% % 224 96 Universal Pipe. UtIP&LA (2). Vanadium (2)... Va-CarCh pf cfs. Va-Car Ch(m)w 1. Va-Car Ch 6%pf. Va-Car Ch 7%pf. Va Ry & Po (6).. vnmudou ‘Wabas| w-buh DEA (5). 'lzu ‘Waldorf (1%)... 18l Walworth (1.80). 21 Ward Baking A.. 160 Ward Baking B.. 55% Warren Bros(4). 47 Weber (4). 601 West P Po pf(7). 110% West Maryland.. 12% West Pacific.... 87% West Pac pf (8). 80% % 150 ot | West Unton (8).. 140 WesthseAB(17). 116 Westinghse, “).. 1% Weston A (2).... 28 Wheel & L Erfe Wheel & L E pf ‘White Mot (4)... ‘White Mot (rts). Wickwire ctfs. .. ‘Willys-Overland. % willys-0d pl('l) B ‘Woolworth (6) ‘Worthn Pump. .. ‘Worthton B (6).. 54 ‘Wright Aero (1). 28% Yel T&C (76c).. 29% Youngstown (4). 784 Dividend rates as given in the above table gre the annual cash nayments based on the roni T Soarly decigrations. 54 54 28% 30% 20% 29% ™% 1% ileas otherwise Noted. cxira o Special t‘;endl are nol inclided. s B this "wear. o roc opfioral i stor 15 stogh. $Pagabl in P b in stock pasable’) v, quarterly; % in siock Dakabls 1l % auasterly, EVENING STAR, WASHINGTON, D. DEVANDBETTER | v ) |Swiss 535 1946. .. C., TUESDAY, Received by Private Wire UNITED STATES. (Sales in $1.000.) Sales. High. Low. Lib3%s... 291018 1011 1018 Libist4%s 19 1028 1025 1027 Lib2d 4%s. 201 10028 100 26 100 27 Lib3d4%s. 181 1015 1013 1014 Lib 4th 43, s 143 102 17 10215 10216 US3%s.... 832 10016 100 14 100 14 US4s1944. 4 1044 1041 1041 US4%sb2. 43 10727 107 26 10726 FOREIGN. Sales. Hl(h Low. Close. Argentine bs. 2 877 Argentine 65 Ju 59, 23 98y Argentine 6s Oct 59 53 Argentine 6s A Close. 98 Australian Austria Ts Bank of Chile Bank of Japan 6s. Belglum 63 Belgium 6%s Bordeaux 8s. Brazil 7s. Brazil 7 Canada 5s 1952 Canada 5%s 1929, Chile 85 1941 Chile 85 1946 Chinese Gov Ry 3 Con Pow Japan 7 Copenhagen 5% Christianla 6s. Cuba 5%s Czecho 7 Czecho 85 1951. Czecho 8s 1952 ct Danish Munic 8s B. Denmark 6s. . DE15%s Mch53.. Dutch East I 63 47. Dutch East I 6s 62. El Balvador 8s 48 Finland 7s. French 78 French 7%s. French 8s German E1 P 61+ German 7s. .. Ger Agr Bank 7s Ger Gen Elec 7s. Hait!6s........ Holland Am Hungary 6%. Italy 7s. . Japanese 4s. Japanese 6345..... Jergens U M 6s 47. Marsellle 6s. Mexico 5s assented. Montevidio 7s. . Netherlands 6s 54.. Netherlands 6s 72.. Norway 5%s..... Norway 6s 1943. Norway 6s 1944.... Norway 6s 1952.... Orlent Dev deb 6s. . Paris-Ly-Med 6s. .. Paris-Ly Med 7s Peru 738 Prague 7%s. Queensland 7s. Riode Jan 85 1946 Rio de Jan 8s 47. Rlo Gr Do Sul 8s... Sao Paulo 8s 1936. { | Sao Paulo 1950 Saxon (P W) T: Sefne 75 42. Serbs Crot Slo-8s%. Solssons 6s Sweden § 8"» 92% 83% 102% 104% 102% 104% 116% 116% sct Swiss Confed 8s. Utd Kingm 51¢s 105% 1047 Zurich 8s B 108% 108% MISCELLANEOUS Am Agri Chem 738 8 1056 104% Am Chain 6s. . 1 100% 100% AmSmit& R 1st5s 48 100% 100% Am Smit& R 6s.... 36 1081 108'% Am Sugar ref 6s AmT& T cl tr 4s. AmT& Tel tris. AmT&Tsf5s. ... AmT& T debGigs. Am Water Wks os. Anaconda 1st 6 Anaconda cv db 7s. Andes Cop Ts rets. . Armour&Co 4148 rf. Armour Del 514s... 3 Associated Oil 65 Atlantic Refin 5s Bell Tel Pa6s B. Bell Tel Pa bs C Beth Steel pm 5s Beth Steel rf 6s. Beth Steel 5145 53. . Bethlehem Steel 65. Bklyn Ed gen b Bklyn Ed 6s B. Bklyn Union 58 Calif Pete 6148 Cen Leath 6s 45 cfs. Chile Copper 6s 32. Con Coal Md 1st is. ConGasNY 5% Consumers Pow 0s. Cuba Canecv 8s... Denver Gas 5. Dery (DG) Ts.. Det Edison 5s 40 Dodge w 1 68. Duq L & P 5%849. Duquesne Light 6s. st Cuba Sug 7%3. Empire G & F T%s. Fisk Rubber 85 Goodrich 638 Goodyear 8s 1931. Goodyear 55 1941. . Hershey 5%8. . Humble O & R 5% Iilinois Bell 1st 53 Int Mer Marine 6s. .- Int Paper 5s 47 Int Paper 6s. IntT&TE% . Kan CP&L 5s A 62.. KanG & E16802... Lacl G ref 5s 34. 41110% 121% 121% 100% 1007% 5 10215 1024 102% 102t 861 864 35, 9415 % s o 1115 112% 101% 101% 108% 101 104% 101 99% 991y 85 103t 94% 101% 103 102% 116% 104% 98 108% 110% 103% 105% 94 99% 106 103% 108% 99% 101% 100t 106% 104% 101% Liggett & Myers bs. Lorillard (P) 5s. ... Loulsv G & E 58 62. Montana Pow 5: New Eng Tel 5s. N Y Edison 6s 44 N Y Edison 6% NYGELH&P s Nor Ohlo T & L 6s. Nor States Pow 58.. Nor States Pow 6s. Otis Steel 7%s Otis Steel 8s.. Pac Gas & E168... PacT & T 1st bs. .. Pac T& T 6862.... Pan-Amer Pote 6s. . Public Service 2!. .. i P Serv Gas 5% b P Serv Gas 5348 64. Rep Iron & Steel 55. Saks & CosLTs. Sinclair Of1 6s. Sinclair Of1 6%s. % | Sinclair Ofl 7s. 8in Crude Ol 6s. % [ 5in Pipe Line 6s. Skelly O11 6148, Toledo Edn 18t 1l. . Union Bag & P 5 105% 106% 28 94 93% 12 107% 107% 19 105% 106% 21 96% 96Y% 98“A U S Steel s f 5s Utah Pow & Lt bs.. Vcrtlentes SugTs.. MARCH 16, 1926. BONDS STOCK EXCHANGE Direct to The Star Office Sales. High. Low. Closa. 10 106% 106% 106% 8 102% 102% 102% ' | Westinghouse 7s. . . Willys Ov 6% 33.. Wilson & Co 15t 6s. 0 101 100% 100% Youngstn S& T 6s. 14 102% J02 102% RAILROAD. Atchison gen 4s.... 44 90% AtlanticC L 1st 45. 2 Atlantic C L 7s Atl & Dan 1st 45 48. B& O Gold 4s 90% 90i% B&O Sw DIv bs cfs. Bklyn Manhat 6s. Buff R & Pitt 47, Canada South 6. Canad North c\/,n 5 nad North 7s. Canad Pac deb 4s. Centof Ga 5% s Cent of Gia 6s. . .. Cent Pac 15t §s 90, . Ches & O cv 4%s. .. 22 Ches& O gn 438 Ches & O cv by Chi & Alton 314 Chi B&Q 1strf5s. CB&Q-NI2ks. Chi& B 1gn5s Chi Great West 4 1& St P 45 25 1& St P gn 4a89, TMEStPre 4. &StPratisct 14 CM&StPevss. C&NW gen u Chi& N W ref 5 (‘h|Rl&l’rf4 - ChITH&S F bs. ChiUn Sta 418 Chi Unlon Sta Gs 44. Chi Unfon Sta 63%s. Chi& W Ind cn 4s.. C&WIGls62.... CCC&StL5s - CCC&StLrfésA. Cleve Term bs. .. .. Cuba R R Ge. Cuba N R 65 68 Del & Hud cv 53 3 Del & Hug 5%s. . Den & Rio G cn 4s. D Rio G West 5s. e Fen 4s. conv4s AL Eries conv 4s D. Erie conv ext 7s. ie (Pa) cit tr4s.. EC6a4...... Tronk sf db 6s. . Great North bs Great North & Gir North een 7 Hockine Val 4135, , Tud & Man ref 5s. . Hud & Man aj 58 111 Central ref 4s T Cen 4553, ... 11 Central rt B 111 Central 515, TH.Ce SLANO 35, Tnt Rap Tran 5s.... nt Rap Tr 5s stpd. Tnt Rap Tran 7 Tnt & G Nor Ist Int & G Nor aj 65 Kan City Ft S 4s Kansas City S 5s Kan City Term 4s.. Lake Shore 4s 28 Louls & N unf 4s L& N 4152003, Louts & Louts & ) Man Ry 1 Market St Mil El Ry & L 68 M St P& SSM 5158, M St P&SSM6ls. MK&T4sB 5 MK&Tadj%s..... MK&Tprin5sA. Mo Pacific gen 4s.. Mo Pac 55 1965 Mo Pac 65 49 D Mo Pac 6sG5 2. .. Nassau E Ry 48 57 New Or Term 4 11 ROl Ran amnanmanm h5us: % | NO Tex & MGsB.. NOT&M5%s. ... N Y Cengen3tgs. N Y Cent 45 98 N Y Cent deb 4s. N Y Centribs. N Y Cent deb 6s. . NV Chi&StL 5135 NY Chi&StL NYC&StL6sA.. New Haven c d 65 N Y Ont W ist 4s. N Y Rvsadjbsct.. NYW&Bos 4 Northern Pac 3s. Northern Pac 4s. Northern Pacr 1 6s. Ore & Calif 18t 5s. . Ore Short L ref 4s.. 23 Ore Wash 1strf4s. o Pennsyl gen 41;s Pennsy Pennsyl 5 Pennsyl 6145, ..... Pennsyl gold 7s. Peoria & F ine 4s PCC& St L6SB 75, Por RL & P 6547 Por RL&P 715 46. . % | Readine gen 415 Rio G West ¢l 4 RTIArk& Ld%s StL l\i&S R&G 4s. StL&SFpl6sC.. StLSWlst4s.... StLS Weon 432, St P& KCShL 4%, Seab A Lrefds.... Seab A L adj 5s Seab A L con 6s. Seab All Fla 6s Sou Pac 4s 29 Sou Pacfic ¢l 5 Sou Paclfic ref 4s. .. Southern Ry gen 4s SouRyconbs94... 7 Sou Ry 6s56....... 10 Southern Ry 6%s.. 13 Term Asso St L bs.. 1 Third Aveadj bs... 78 Tol Tr L&P 515 30, Union Pac 1st 4s Union Pac 4s 27. Union Pac 1st rf §s. Union Pac cv 6s Virginia Ry 1st §s.. ‘Wabash 1st bs. . ‘Wabash 2d bs. Wabash 6%s 76.... 23 ‘West Maryland 4s.. 18 i Western Pacific 5s. 12 9 97% West Shore 18t 4s.. 12 84% 844 PO ‘WOOL MARKET. Special Dispatch to The Star. BOSTON, March 16.—Territory wool sales were stimulated somewhat to- day by a shading of prices by several dealers. A considerable quantity of fine French combing original territory stock has been moved at $1.15, clean basis. Fleece wools are doing better, but without price improvement. De. lafhes continue in moderate demand at unchanged levels. Of the foreign wools Montevideo 4s, offered a cent cheaper at 34 cents, grease basis, were in best demand. ISSUE TO BE TAKEN UP. NEW YORK, March 16 (#).—Public offering today of $3,600,000 first class mortgage 6% per cent sinki gold bonds of the Canadian Rai t::: 74 | Harbor Temnm. Ltd., was heavily oversubscri] — CLEVELAND. — Reports from Du- tuth t there would be an increase of 25 cents a ton iu the price of iron ore this season are felt hy leaders of | toialed khe indusuy as “ivo good to be true.” FINANCIAL. WHEAT PRICE DROPS ON FOREIGN REPORTS Disquieting Political Conditions in Europe Reflected in Grain Trad- ing in United States. By the Associated Press. CHICAGO, March 16.—-Fresh set- backs in the value of wheat here took place today as soon as business began. Further declines quickly ensued, down- turns at Liverpool and Buenos Aires being reflected here. The disquieting political conditions in lurope were clted as a reason for depression at Liverpool, and so, too, was a break in Argentine N(lh.lngv together with reports that Argentine wheat ship- ments freely offered to Furope werc meeting with only a sln\\ demand, ChLicago opening prices. to 114 off, Ma (new) 1.64 1.6 and Jlll}’ 14154 {0 1415, were followed by con. tinued general weaknes: Un orable weather made corn and oats prices relatively firm and besides receipts of corn here today, 147 T were much smaller than yesterday’s, week ago, or u year back. After open- ing unchanged to 15 off, May T7% to the corn market recovered to about yesterday’s finish. Oats started a shade lower to Y higher, May 40% and held near to the initial ‘range. Influenced by an upturn in hog val- ues the provision market was firm. WHEAT— May (new) May loid P 803 WESTERN MARYLAND COAL TRAFFIC LARGE Special Dispatch to The Star. BALTIMORE, March 16.— Settle- ment of the anthracite strike has not thus far affected shipment of soft coal over the Western Maryland Rallway. For the first week of March receipts from coal and coke traffic were $59,- 273.23, or 40 per cent greater than for the corresponding week a year ago. As a matter of fact, nearly ob per cent of the estimated earnings of $412.362.69 for the first week of the current month came from transporta tions of coal and coke. Falling off in other classes of triffic reduced the gain for the week to $5 , or 14 per cent compared with a ygar ago. GRAIN AND PROVISIONS. BALTIMOR White potatoes beans, bushel, 5.00a7.00; potatoes, rel, 2.00a4.50; uliflower, crate, crate, 2.00a5.50; cucuml 6.00210.00; eggplants, crate, kale, harrel, 2.50a3.00; lettuce, b 100 pounds, 100, 6.00a8.00 beets, 1.50: £.00210.00; 0a par- snip: 3.00a6 00 Savoy grapefruit, bo 3.50a4 strawberries . 2 red Winter, spyt, do- no quotations; 2 red Win- cky, 1.741, nominal. Corn—Cob, new, spot, 3.60a3.65 per barrel to delivery; domestic low, new, 82 per bushe ports, No. 2, spot, 173 asked; (I mestic, 73a75 per l\uihg apot, no quotations, Hay—Receipts, 103 tons eral hay situation is quiet, plies of all grades with sup- jmand. Prices generally are in buy- ers' favor. Low grades of mixed and No. 2 clover are particu. larly hard to move. Quotations, per ton, toda No. timothy, 24. .00; No. 3 tlmolh\. 22.00a23.00; No. 1.light clover, mixed, 23.50a24.0 21.00a22.50; No. 1 clover, mixed, E . 1 clover, 23.00a23.3 0a21.00. \shcm 13.00a14.00; No. pecial).— 38; Leg- ens, 43:\45 hickens. pound 27a34: Winter chicl 28a32; Leghorn: aZ2; capons, 37a45: ducks, 25a35 a young turk 40‘1.;0 old ; poor and crooked breasts, 25a30: Plgeons, pair, 25a30; guinea’ fowls, each, 35a83. Dressed poultry — keys, young, 40a50; chiek ens, voung, 3a40; old, 30a35; capons, 37a4s; ducks, 30a3 20a30. ggs - 'llm‘olpl and nearby firéts, fresh, ed, ses; native dozen, offer- candled, 28a29; duck eggs, [:n()v\ eggs, 80290 Butter — Mood to fane g pound, 42a45; print , 34 36; store packed, 310 dairy prints, 32a 35; process butter, 39a40; rolls, 32a35. creamer POTATO TRADING SLOW. CHICAGO, March 16 (#).— Pota- toes—Receipts, 108 cars; total United States shipments, 744, 16 Canadian: trading slow. market slightly weaker; Wisconsin sacked Round Whites, 4.00 a4.10, fancy shade higher; Minnesota sacked Round W hite: 76a4.00; Idaho sacked Rus&‘m,‘:{'flh .10, BUTTER LOWER. CHICAGO, March 16 (#).—Butter lower; receipts, 13,864 tubs: creamery extras, 421;; standards, 41l extra firsts, 41%a413;; firsts, 401,011 sec- onds, 37a391,. Eggs lower; receipts, 26,449 cases; firsts, 26 ordinary firsts, ..»‘f storage pack, extras, 29; firsts, 281y, DRY GOODS WEAKER. Special Dispatch to Tho Star. NEW YORK, March goods markets were quiet teday and a shade weaker. Print cloths were quoted at § cents for 64-60s and 91 for 68-72s, the latter a decline of an eighth. Raw. silks decline, dropping another 10 cents a pound, with grand XX topping the price lists at §6.50 a pound. | nmzn PRICES UP. Special Dispatch to The Star. NEW YORK, March 16.—~Crude rubber, standard grade. was quoted at 621 cents at noon today. This compared with 6114 cents yesterday, 6114 ceats a month ago and 403 cents a year ago. it S. A. L. EARNINGS GAIN. NEW YORK, March 16 (#).—Gross earnings of the Seaboard Alr Line for January and February approximated $12,000,000, against $9,753.000 in the corresponding period last vear. Load ings for the fir 1vs of M s > road's daily n\cmfi'. on recoid. S ule——}'&.fl: lot to wharf, delivered, at The gen- and kinds more than ample for the present limited de- clover 0. 2 light clover, mixed, .01 continued their LOGAL EXCHANGE | LISTIS INACTIVE F. M. Savage Writing Novel on Banking Business. Mellon on Debt. BY ED\\ ARD C. 'ONE. Trading on the Washington Steck Exchange today was much less active than during yesterda session. Lan ston Monotype, in which there was an exceptional amount of trading yes torday, was not. even out for ene sale and 45 brought Two later transactions were recorded at 817y and after call there as one sale in which the price dropped to &1 flat. Stock of the Capital Traction Co again selling 111, two five shares lots changin, hands at thi< 3| of Merchants stock brought Traders on the Washington Ex change ascribe yesterday's activity in Lanston Monotype to the company’'s excellent financial position. The com pany’s annual report is due in the near future and is expected to shov earnings far : of dividend re quirements. Holders of the stock ap pear not at all anxious to part with it unless at advancing prices. F. M. Savage Is Writing Novel Francis M. Savage is writing he president of the Cliizens gs Bank, 3 and it will be no great s Wachington banking circles when it - tated that the themie is to be lased o i brancns banking opponent to branch banking s ger ahead in too much centralizatio: in_the banking world, seriously cur tailing the opportunities of young mer 1o rise in the financial world. These fears will be embodied in the novel. The story also will include hi personal experfences and observations #s a banker. Mr. Savage is so etrong Iy n favor of profit sharing and co operative banking that one of the characters will no doubt present sue an appeal in the story. The da publication has not been announced Washington Man Trustee. Roger Shale, for some time connect {ed with the Department of Justice has bheen appointed by the United tates District Court of New York as trustee, with James Neale, of the stock of Coxe Brothers. Wall Street sees in this the first development s ment of the coal strik segregation of thi: Vallev ppointmen e the settle toward the property from the ilroad Co. The ed to be sold out right and the next move anticipated i an invitation for bids. | Mr. Shale was appointed trustee t | succeed the lat Fifth District Gets $20,740,100. Allotment of §494,898,100 of the tota subscriptions of cury Mellon hmond Federal Reserve dis triet, which includes the District of Co lumbia, offered to p and was All subscriptions In amounts not ex ceeding $£30.000 were alloited in fu while allotments on subscriptions i amounts over $ grad Throngs of vi lw ., Federal-Am inspect future elsewhera 1 be oper c the dav and in the remainder of appears The bank w spection both duri the evening durir the week. Fellow bankers were most lavis in expressing with flowers their goo will and congratulations Before the davs of commercis growth in this section of the city there was a schoolhouse located « this Fourteenth and G street corner and more than a century ugo his torfans say the spot was sclectod : the site for the White House stables €. & 0. Stock Arouses Inferest. Both local fnvestors and specu lators bave been watching Chesa peake and Ohio common stock ver closely during the past Trading on the New Y ally 3 servers cluded that important holdings may be under of the trading has blocks. Conversion of bonds has alsy been taking place on a large scale, and as the conversion rativ changes at the close of busines: April 1 it is expected that there will be many of these t ctions dut the next few d here were 39,100 shares of mon traded in on the New York change vesterday. the stock selling at 131% at the close. Mellon Discusses Debt. Taking cognizance of the recent drop in the Belg Secretary of the Treasury N “T do not believe that the specula tion in Belglan exchange can be at tributed to any doubt of the ratifica tion of the Belgian-American debt set tlement here. The settlement p: the House by a vote of 316 to without the slightest eriticism heard of no opposition in the Senati to Belglum. We have made a fair ad justment and 1 anticipate a favorable I veception to the settlement when it i reached in the Senate within the next few days.” Rockefeller Stock Holdings. John D. Rockefeller, ir., in reply t a letter from the mayor of Cumber slin him to settle a etrike Western Maryland Raflroad says regardin; mnlu kefeller interest s are that the com f our family, together with those of the funds to which this stock may have been given, represen considerably less than 25 per cent of the stock of the company.” Stock Given Voting Rights. At a meeting of the S class “ ockholders of § Dairies, lm ., held at New York for the purpose of acting upon the recom mendation of the board of directors that the company’s charter he amend ed 50 as to a leges to the ¢ posal was ad: p(ml by ity. Heretofore the class have been entitled solely to dividen: preference, without having any voice in the affairs or management of the company. This is belie stance of a ¢ charter as w rosult ¢ by Prof. E. ¢ voteless stov heavy, an have con sifting o way. Mucl been in large 16.—Cotton od to be the first i poration amending its the attack made Ripley of Harvard on ‘ !’LOB.IDA EMBARGO LIFTED. TAMPA, Fia., March 16 (#).—The Seaboard Air Line Railway today lift- ed its embargo against freight shipped to Florlda in less than carload lots. put into effect some time tion. vl el L