Evening Star Newspaper, March 19, 1926, Page 30

FINANCIAL STOCKLIST BREAKS IN CLOSING HOURS Prices Crumble Again—Close Finds Shares Little Above Bottom. y BY STUART P. WE ®pacial Dispateh to The Star NEW YORK. Mmch broke again in the stock wi day following a period when some e sistance was shown parts of list. Motor shaves and hishop cialties met the downward path. The selling was particutarly heavy in the Jast hour. although the decline wis There were no outside s simply felt that liquida gone far eneugh o com lative ex At the little from 19, Prices tto in spe botton Hudson ‘uriher. T v upset Mack Trucks, and finally € mon was press down still was bad ATTOW. Nash crashed e motor list Chrysier, Pierce Willy s Overkand neral Motors. d for sale in large vol ume as it dropped e 24.. There seemed 10 considerable clos- ing out of speculative under 1t tigure. utilities joined in. with special weakness in Consolidated and can and other favorites of the late bull ampaign. Anaconda dropped below 45 and Railway shippers bore their part in the general down swing. But the principal lusses occurred in indus trials of the specialty ty1 CLOSING IS WEAK. Gas Hudson, du Pont, Sloss-Sheflield Steel and Others Crumble. YORK, March (). —The was weak. in 19 Offerings when NEW closing creased in the shares of other 3 10 protect speculative commitments in the moto Hudson Motors extended its decline almost 10 points to 96% be- fore meeting support. and du Pont, Sloss Sheffield Steel and Columbia Gas Troke 4 to 5 points mated 2,000,000 shares. 2 late trading. Markets at a Glance NEW YORK (@) —Stocks. weak motors break : semi-specu- Foreign X changes nes_lowest since 1924, Cotton, firm, weak stock and grain market vely steady; commission house sup- port. CHICAGO.—Wheat. weak ] Southwest crop report. Corn. lower jarge stocks. Cattle, dull: shipping tley narrow. Hogs, irregular. —— WHITE MOTOR INCREASES ITS STOCK TO $50,000,000 Abilibi Pow (4).. {Abrahm&Straus. ALr&StrasTo%pf. Advance Rumley Ad Rumley pf(3) {Ahumada (1) Afr Reductn($5). Afax Rubber Ala & Vieks ( Al Allis Chalm (6). Amerada Corpn. . Am Agricul Chm Am AgriChopf. .. Am Bank N 1.60 Am Beet Sug (4) Am Beet S pf(7) Am Bosch. ..., Am Brake Sh () Am Br Boveri the | Am Br Bo pf (7) Am Can (18) Am Can (new) Am Car&Fdy (6) Am Exoress (§ Ami & For Pow Am Hide & Am Hide & Am lee (110 Am Internatl. Am La Fr (1) Am Linseed. . . Am Linsd pf () Am Loco (8).. Am Toco pf (7). Am Metals (4). Am Radtator (4). Am Republic Am Safety R (2) Am Ship & Com Am Sm & Ref(7) Am Snuff (12). A St Fdys (3. BTSU Py pl(7). Am Sugar (5). Am Sugar pf (7). Am Sunmiatra. Am Tel&Tel (9) . Am Tohacco (8) Am Tobuc B (8) . Am Tobac pt (6). AT Typ Fars(8) Am Wa Wo 11.20 AmW W 1st (7). companies were sold |Anaconda (3) Am Waoolen Am Wool pf (7) A Wrlt Pa pf Am Zine. s Archer-Danie! Armour [11 & Armour 11 (B).. Arnold Con (1) Artloom pf (7 Art Metal (1) Asso DryGi2'g). Asso Ofl (2) Atehtson (7) Atchison pf (3). . At) Birm & At Open. Hieh k3 46 107 120y 52 - 1 ed Chem (4). Atl Coast 1, (19). 2 At Gulfe W 1 Atlantic Refing 1 10 10 points to | Atlas Tack Austin-Nichols BaldwinL (T)... Balto & Ohto(5) Balto & Oh pf(4) Barnet Leather. . Barnsdall A (2). Beech-Nut (13).. Belding Bros(3) tavorable | Bethlehem Steel Beth St1 pf (7). Booth Fisheries Botany A (4) Briges Mg (3) . British Empire Ekin Edison (8). kIn-Mn Tr (4).. Bk-Man T pf(6). BkIn UnG(t11). Low % 45 K3 46 107 124 b2% 52 i16% 11 108 121% 4 106% 877y 104% 104'% 012 52% 114 Fisk pf stpd Fleischman(2). . Foundution (8) .. Fox Film A (4).. Kreeport-Texasx. Gardner Motor. . Gabriel Sn(13% ) Gen Am Tuk (3). Gen Asphalt Gen Asph pf (5). , | Gen Cigar (n). Gen Cigur (8). .. Gen Eiectric (8). i Gen Elec sp(60c) . n G A (1'3) Mot (i Gen Mot pf (7). Gen Outdr Adv. Gen Outdr & (1) Petrm (3). . GenRySig(idle) Gimbel Bros Glldden (2). Gold Dust. . Goodrich Ru' (4) Goodyear pf (7) Gothm S F(2 Granby Consol Gri North pf (5). Gt Nor Ore (1% ) Grt Watn Su (%) G WestS pf (1) Guantanamo. ... Gulf Mo & Nor. . Gulf States S (o) Hartman (273) 3 [Haves W (iag). 122% 188% 43 111% Hoe& CoA... .. Househd (131,). Houston O11 e Howe Sound (3). Tludson Man 21 . Hudson Mot (3) . Hupp Mot (1)... 11linois Cen (7). Indep Oil (1).... Indian Refining. . Ingersoll R (3).. Inland St (2%). Insplration (2). . Interurb Rap T'r. Intcontal Rubber Internat Agrl. .. Int Bus Mach(3) Int Cement (4).. Int Com Eng (2) Int Harveser (6) IntMtch pf(3.20). Int Mer Mar pf. . Int Nickel (2). Int Paper. > Intl Paper pf (7) Int Shoe (6). .. .. Int Tel & Tel () Intertype (1113). " [ Jewel Tea Jones Bros Tea. . Jones & Lau (7) % Jordon Mot (3).. Kan City Sbuth. . Kan C So pf (4). Kelly-Spring pf Kelsey Whi (6) Kennecott (4). Laclede Gas (8) . Lee Tire & Rub. . Lehigh Val(313). Leh&Fink ctf(3). Liggett & M (14) Lig & My B (14). TLima Loco (4).. Loews Inc /3) Tokt.. ... TLoose-Wiles. Lorillard(8) Loulsiana Ofl. 31616 1% 44 [} 21% 1165 245y 11 88 29 High, 82 43%, 106% 638 24 R 36 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Close. 82 82 28% 28% 8 3p's., 861 a6 46 65% 664 106 106% 58 534 107% 107% 312% S14% 1% 11% “43% 424 1224 123% v 1144 114% [ 331, 36! 9614 21% 116 88 86 6% 22 116 . |adjustments in 1 ! BONDS GOLOWER ONSELLING ORDERS Foreign Group Wholly Heavy, With European Issues inSupply. BY GEORGE T. HUG Special Dispatch to The Star NEW: YORK, March 19.—The bond _ma!'ke! today was a .twe-sided: affair to thig extent,”(hat the strictly high- grade investment issues, and particu- larly firm mortgage, electric light and power issues, were in de ess degree were the le t second-grade und speculative. de- scriptions were heavy and in some in stances actually weak. In the speculative HES. ture. Following the announ of the formation of a protective com | mittee, the market declined sharply on comparatively small offerings, mi- ‘il at 7215 the bonds were sellin only a point above the extreme low (f the year. The bonds mature Febyu L mext, which Is also the date the company’s franchise expires, and wn der present circumstances refunding operations appear impractica nother point of 8 in the bonds of i the South. Florida s were again under sure, dropping a point, and Seaboard and consoll 65 sold off easily. The form 7) were at a new 1926 low, For' a time the Erie junior liens were in vy supply, 4s and the 4s both los- ie prior llen 4s were firm. - Kansas - Texas ad- Justments-and St. Louis-San Fran- cisco fncomes both went lower BAR SILVER PRICE. NEW YORK. March 19 (#) silver 6575; Mexican dollars 508, Bar 974 151% 36y 27 98 . 162 98 164 PubS E&G pf(6) Pullman Co (8) Punta Aleg Sug. Pure O11 (12).... * | Radto Corpor a. Radio C pf (3'%) RS 1 Cefs (4) Rwy Stl Spr (4). Ray Cons Cop Reading (4).. Reading rts Remirgton Type. Remingtn 15(7) Rep Iron & Steel. Reynolds Spngs Rey Tobac B (4). Robt Rels Ist pf Roval Du(a1.33) Rutland pf Safety Cable (4) St Joseph L (13) StL & SanFr (7). St L Southwest St L Swn pf (5) Savage Arms (4) Schulte (§8) Seaboard Afr L. Seaboard A L rts Seabd Afr L pf. . Sears-Roebk (6) . Seneca Copper [ o BONDS Recelved by Private Wire Birect te The Star UNITED STATES. (Sales are in $1.000.) Sales. High. Low Lib3%s. .. Libist4%s 14 Lib2d4ys. 48 Lib3d 4%s. 106 Lib 4th 438 209 US4n1944, 11 US4ysb2. 28 FOREIGN. Sales. High. .10 87 192 Argentine os Argentine 65 Ju 69. 20 Argentine 63 Oct 59 15 Argentine 6s A, Argentine 63 B. Argeptine 7s. Australlan bs. Austria 7s. . £y Bank of Chile 67;5. Bank of Japan 6s. | Belgium 6s. | Belziym 6155 . Belgium 7s. Belgium 7133, Belgium 8. Bern8s. .. Bolivia 83. . Bordeaux s Brazil 7s. .. Brazil8s. ... Canada os 1931, Canada 58 1952. . Cannda 5%81929. Chile 75 1943 Chile 85 1941 . > Con Pow Japan 7y. . Copenhagen §15. .. Cubasles...... Czecho 7748 rets Czecho 8 1951 Crecho 8s 1. Danish Munic 85 A Danish Munic 8s B Dpnmark 6s. DEI35%s Mch Dutch East I 6s47. Dutch East | 65 Finland 7s. . Framerican French 7s. . French7%s 10 9 k | Ger Gen Elec 7 Greek 7x Hafti6s. ... Holland Amer 6 Hungury 6% . Italy 7s. Japanese 45. Japanese 6155 Jergens U M 6s47. Lyonés....... . Marsellle 68 etherlands 6 % | Netheriands 6572 10 asntd Mexico 4 i ssented Mexico 5: Norway 6s 1944 Norway 62 1852 Orlent Dev deb 63 Parls-Ly-Med 6s. . Paris-Ly Med 7s. .. Paris Orleans 7s Peru 748 Peru 8s. Poland 8s. .. Porto Alegre 8« Prague 74548 .. Queensland 6s Rio de Jan 85 1946 Rio de Jan 85 47. Rio Gr Do Sul 85, Sao Paulo 85 1936. . | Sao Paulo 1850. ... Saxon (P W) 7s. Seine 7s 42. 10724 Close 1013 1028 100 30 101 4 10216 104 107 24 Low. Close. 861 86% | Wilson & Co 1st 92 102% 101% 102% 2% 102% | Vertientes Sug 7s STOCK EXCHANGE | Ofica - | Sales. High. Low. Closs 25 117% 116% 116% 102% 102} 102% 107% 1074 1077 102% 102% 102% | 98% 98% 98% ! 106% 106% 106'% 109 108% 109 106% 106% 105% 93% 93% 98% 107% 107% 107% 106 105% 106 Sug Est Orient 7s. ‘Tenn Elec Pow 6 ‘Toledo Edn 18t 7s ‘Warner Sug 7s 39 Warner Sug 7s 41 West Elec s Westn Union 61 Westinghouse 7s. Willys Ov 649 33 101’3 100% 101% 113 112% 113 106% 106%: 105% 6 103 102 1024 o 100% 100'% 100% Youngstn S & T 6s. 102% 102 102% RAILROAD. Archison gen 4x.. .. 83 90% Atantic Clicl4s.. 2 923 9 Atiantc CL7s.... 2 105% 105% 105 2 78 78 78 5 9% 90% 40 96 95% 95% 12 96% 95'i 95% 41027 102 1087 . 81 102% 102% 102% 4106 106 166 o $0% &Orfimpés. . B&OPLEWYV 4s. . B&O Sw Div Gs cfs. B & O Toledo 4s. .. Bklyn Manhat 6s... 16 94 Buff R&Pitt4'%s.. | 8&% 8§8% an Nat4l3s54. ... 2 93 93% Canada South Hs 27.103'; 103'a 1 Canad North 615. . e 1175 117 Canad Pac deb 4s... 30 8% 81% 82 Cent of Ga 6s. . 5103 108 108 Central Pacific 4s.. 2 90% -90% 90% Cent Pac 1st 51 90. . 99% 99% 99% Ches &Ocv4lis. .. 98% 98% 98% Ches&Ogn4lss.. 3 94 937 94 Ches & Ocvon.....199 146% 1445 1464 Chi& Alton 3%3s... 10 Bo% Ob™s BO% ChiB&Q1strf5s. 12 104% 104% 104% CB&Q-1113;s. . 2 84% 84% 84% Ch&ETgnén.... 76 k) Chi Great West 4s.. 7 661y CM&SLP4s25... 23 4 CM&StP4s25cfs 13 484 48k CM&StPgn4s8y. | &% 820 CM&StPevis .. 24 43% 4B% 108 934 88% 92%e Ch1& N W 7=, . 25 108 Chi Rys 5 . Chi RI1& P gnds. . 2|ChiR1&Prr4s 4[Chi TH&SE s Y (Cleve Term 515, Chi Un Sta 47, €hi Union S 5 102% 102% 102% 4|Chi Unfon Sta 5 44. 10 100% 100% 100% Union Sta 61: 8 117% 117% 11 Chi& Windcnds,. 20 83% 83 8i4 C&WI5K%s62. ... 7104 103% 104 CCC&StLrf6sA. 1103 103 103 Cleve Term bs 102 106% 106% Colo & Sou 4135 96% 964 Cuba R R 928 92% Cuba RRTl;s 4 106% 106\ 106' Cuba NR6s66 .... 5 U5k 95% 95% Del & Hud cv5s35. 11 111% 111 111% FINANCIAL SELLING IS RESUMED | IN WHEAT MARKET| | Responsive to Decline in Liverpodl Quotation, Price Takes Down Turn. By the Associated Pre CHICAGO, March 19.- Responsive to a decline in Liverpool quotativns, the wheat market here went lower today during the first part of the Board of Trade session. Yesterday's buyers were the principal sellers. Re- 'ts of beneflcial rains . Southwest of favorable domestic crop con- #itfons in general bad a contributing tendency Lo ease values down. The opening, ynchanged to 1z Jower, May (new) 1.66 to 1.66% and July 1.43% 10 1.43%, was followed by a material < all around. ; Corn and oats took their cue nicely trom the action of wheat. With rather free selling in evidence corn dropped to the lowest level reached of late. Chicago receipts of corn to- day, -ars, were more than dotible vear ago. After open- to % off, May 6% to T8l n market undertent a further sag 1o well below 76 for May. Oats started ut 's off to a shade advance, May 40 to 403;a40%. Later all months showed some loss. Provisions were weaker. thizing with grain. WHEAT- sympa- Close. 50 6 BIG OIL MERGER NEAR COMPLETION IN WEST Negotiations to Unite Standard of New York and General Petroleum Virtually Tinished. By the Associated Press LC ELES. March 19 tistions through which the € Petroleum Co. and the Standard Oil Co. of New York would be consoli- dated were virtually completed here ht Speer. zeneral counsel for ndard Oil Co. at first an- nounced that the merger had been consummated. but later modified his statement, saving that negotiations were still in progress Lionel T. Barneson. president of General Petroleum. issued a brief statement, saving Del & Hud 5135, Den & Rio G en 4s.. D & Rio G imp 5s. D Rio G West b Det United 415, Erie 15t cons 4s. Erie gen ¢ . Erle conv 4s A Erie conv 4s B. Erle conv4sD. . Erfe conv ext 7s Erie & Jersey 61 ee R 65 574 26 ¥ TT% 5108 108 108 1 10615 106 106 1 106% 106% 106% 4...... 16 9T% 97N Gr Trunk sf db 6=. . T 107 107 Great North & .. B100% 100 100% - 39 104% 1043 1035 “Merger negotiations are under ay. which. if completed, will result an exchange of two shares of ndard Oil of New York for one neral Petroleum GRAIN AND PRODUCE. BALTIMORE, March 19 (Special).— | White potatoes, 100 pounds, 2.00a4 50; | beans, 7.0027.50; cabbage. | ham potatoes, 0: vams. barrel. 2.00a4.50; car- bushel, 1.75: caulifiower, crate, celery, crate, 2.00d 0: cu- crate, 6.00a10.00: eggplant barrel, 0a fw i | rots j rots, | cumbers. ant, kale. barrel, | TRADING IS LIVELY ON EXCHANGE HERE: Capital Traction Loses Point.; Dealings Cover Wide Range of Issues. BY EDWARD C. STONE. ‘Trading was lively In the Washing -~ ton Stock Exchange today and covers s .ed & large number of different {ssues = Capital Traction lost a point during the sesklon, presumably cause of the report made yesterday o the utllities commission which reveal®; ed a heavy loss In revenue passenger - during the past year. The stock ha been selling at 111 for several ds but the opening transaction today wiss Two 10-8hare lots then sold . and the closing sale of shares was reglstered at 110 flat Potomac Electric Power preferred came out at 1074 on two sales. th price being unchanged form the recent figures for this stock. Washingtos Gas Light was unusually active, & shares changing hands on five differ ent sales at 7 One other transac tion was recorded at 2. Lanston Monotype opened at 83% id advanced on two later deals 1o 31 Merchants’ Transfer and Storage eom mon recorded 115 on three sales of | share lots, while 15 shares of the company’s preferred stock chan, hands at 1011,. One hundred shiye of National and Investment preferre s0ld at 81, it heing the first tran: tion in this stock for some time Washinzton Railway and FElect: preferred changed hands on the f sale at $0%, the second sale at & while the stock brought 90% aga at the close. Not a bond changed hands during the session. he Listed on Local Exchange. Another stock was isted in Washington Stock Exchange tod when Peoples Drug Stores, Inc., pre feired stock waus given a place amon the securities traded in on the ks board The Peoples Drug Stores Corpors tion plans to issue 2,000,060 shares « this stock. but only 1,000,000 been {sc<ued to date. The stock was given the usua vestigation by the governing bourc the local exchange Lefore it was ve to admit it to the list Quarterly Dividend Declared 2 meeting of the 'board of « rectors of the Farmers and chanics’ National Bank in Georz town vesterday, the usual quarter's dividend of $3 per share was de clared. The dividend is payable on Aptil 1 to stockholders of record a the close of business on March 24 It will be recalled that this bank elebruted its 112th anniver February 14, having been organiz on February 14, 1514. This make~ it one of the oldest banks in the United States. The present officer’ are Harry V. Haynes. president: ert D. Weaver, vice president Nicholson. vice president Shelby, cashier: Harold W, assistant cashier. Henry ha At [} W. Soho LoulsGasA (1 Louls & Nsh (6). Ludlum ¢2)..... Mackay pf (4). McCrory (15.60) M'CroryB(15.60) *|McIntyre P (1).. Mack Trucks (§). CLEVELAND, Ohio. March 19 (®.1prown Shoe (2) .. _ ‘stockholders of White Motor Co..’at | Brunswick Balk. ihe special meeting today, authorized | Brunswick Ter. . the proposed increase in capital stock | Burns Bro (10).. from $25,000,000 to $50,000,000. Burns Br B (2) .. Of the new stock authorized $5.000.- | Burns Bro pf(7). 000 will be issued about April 15 as a | Bush Terminal. . stock dividend, payable to holders of | Butte&Super(2) ShellT&Tad2 s Shell Un (1.40) Shubert Theatre. Simmons(12.25). Simms Pet (1). Sinclair Ofl. Sinclair pf (8).. Skelly Oil (2) counsel and trust .| Hopking, auditor Important Bankers' M In connection with the spec ing of the District Bankers' Asso tion Wednesday afternon ar 4 o'cl W. W. Spaid has called Great North 3 Z2 1088 108% 103% | Crate. 3.00a6.00: officer Gr North gen 7s.... 22 112 112 112 | 3.%5: lettuce, basket, Havana ERL&P 50, 2 94' 944 9415, 100 pounds, 3.50a3. Hud & Manref 68.. 33 94% 94is 941, 5:004 s Hud & Manajbs... 12 78% 78 78% Mmatoes cr 111 Cen 45 53. . = 6 8 8% 86 I I Central 6%s.... 1 103% 103% 108% | ' T11-C-C StL&NO 6s. Serbs Crot Slo-! Sweden 5138 ct Sweden 6s. .. Swiss 5% 1946. Swiss Confed 8s. Tokio 5s....... Utd Kingm 6128 29. 1 Utd Kingm 6% s 37 and Ira \ P ., 50a65: to- 3 : spinach. bar- Savoy cabbage, bushel. Y turnips, basket. 20a35. Apples. barrel. 2.00a5.50: bushel. 5 tings. 1164 11 mee 69'a ¥ 1184 118% 105 105 3 5 1 6 1 24 101 100% 100% | 2505100, record March 25, and $10,000,000 will | Butterick J he offered at par also to holders of record March 25. i Warrants evidencing the rights to subscribe to the $10,000,000 paid in stock will be mailed to shareholders about March 27. and subscriptions will be payable at the Irving Bank- Columbus Trust Co. New York City. on or befere April Stock certifi eates covering paid sub: ptions will be issued as soon as possible there- nfter. CALL MONEY STEADY. NEW YORK, March 19 (#).—Call money, steady: high. 4} low. 4%: ruling rate, 41: closing bid, 414 of- fered at 414; last loan, 4%: call loans against acceptances, 3%; time loans, steady: mixed collateral. 60-90 d 413a4%: 4.6 months. 4lzad’: mercantile paper, 4 KRESGE PLANS EXTENSION. NEW YORK. March 19 (®).-—$. § Kresge Co. plans an extension pro- gram this sing anything previously Twelve new stores have been opened thi the total for 1926 probably the record of 50 new establishments for 1925. the stores opened last ve: zribute $12,000,000 to the 1926 total. STOCK ISSUE TAKEN UP. Epecial Dispatch to The Star. NEW YORK, March 19.—The offer ing of $3,000,000 7 per cent cumula- tive preferred stock of Bloomingdale by Lehman Bros. & Gold- s & Co.. today has been heavily oversubscribed and subscrip- tion books closed. PARIS PRICES. PARIS, March 19 (P Prices moved irregularly on the Bourse to- day. Three per cent rentes, 46 francs 95 centimes. Exchange on London, 136 francs 63 centimes. Five per cent joan, 56 francs 35 centimes. The dol- lar was quoted at 28 francs 9 cen- times, = METAL MARKET. NEW YORK per dull: elect tures, 14%ald and nearby, 65 unchanged. Lead Zine steady nd futures, steady: spot, Fast St. Louis, spot Antimony, spot, 1 GENERAL MOTORS SALES. NEW YORK. March 14 (#).—Gen- eral Motors dealers sold 84,946 cars and trucks in February. campared with 53,698 in January and 39,579 in February. 1925. Sales to dealers by the manufacturing divisions totaled 91,136 vehicles. against 76.332 in Jan nary and 49.146 in February a vear ago. The corporation announced that for the first time since last Oc- tober it had arrived at a point in pro- duction where it is supplying dealers with cars in excess of their sales to users in sufficient volume to build up a =mall reserve against the customary Spring demand. BUSTER DECLINES. CHICAGO, March 19 (®).—Butter It is estimated that sales of | Chris ar will con- |ChryslerCorp(3). ' Calif Pkg (18)... Calif Petrol (2). . Calluhan Zinc. . . Calumt & A 14% . Calume&H(1%). Can Pacific (10). Case Threshing. . Case Thr pf (7).. Cent Leather. ... Cent Leather pf. Century Rib (2). Century R pf(7). Cerre De P (4)... Certaln-Teed (4) Chand-Cleve. ... Chand-Clev pf Ches & Oh (f12). Ches&O pf (6%2). Chi & Alton. . Chi & Alton pf... . {Chi & East 111 Chi & East I11 pf. Chi Great West. Chl Gr West pf.. Chi Mil & St I | Chi Mil & StP pt. CMil&StP pf ¢ Chi & Nwn (4). Chi Pneu T (5) ChiR1&Pac.... CRI&PDS (6). Chile Cop (2%).. Childs (32.40). ie Brown. . Chrysler pfA(8). Coca Cola (7). .. Col Fuel & Iron.. Colo Southern. .. Colo Sou 1t (4). Col G & E (2.60). Col Carbon (4) Com Cred (2) Com In Tr pf 6'2 Com Solv A (4).. Com Solv B Congoleum: Conley (sta). . Consol Cigar. ... Consol Distribut. Consol Gas (5).. Consol Textlle Cont Can (16). Cont Insur (6). .. 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. Cudahy Pkg (7). Cushman's (8) Cuyamel Fr (4).. Danlel Boone. . .. Davison Chem Del & Hud (8). Del L & Wn (7). DRG Wst pf. Detroit 1d (8). .. Devoe&Ra(2.40) . Devoe& R 1st (1) Dodge Bros Cl A. Dodzge pf (1) Dome Mines Dul $ S & Atl pf. Dupont (10...... Dupont deb (6) . . Duquesne pf (7). Eastman (8)... Eaton Axle (2). . Eisenlohr & Bro. El Auto Li(i6%). Electric Boat.. .. Elec Powr & Lit. . Elec P& L pf (7). P&Lpf 40% (7) Elec Sto Bat(i6). End John (6).... lower—Receipts, 6,909 tubs: creamery | Endicott pf (7).. 401;: standards, 02401, firsts, 39239 extras, 12 4 7a3R1% Eggs cases, HUDSON MOTOR PROFITS. unchanged— Receipts, extra | Erie R R. seconds, | Erfe 1st pf Bureka Vac (4. 23,327 | Exchange (1'z). Fairbanks (3) Famous P1 (8) FedLight(*1.40). KFed Min pf (7)... Douglas Pec (1).~ 188 42 18% 19% 6% 220 102% 112% 108% 27% 14% 68% 5% 21% 9% 102% 6% 67 116% 27% 6% 50% 118% 32% 1% EW YORK, March 19 (®).—Hud-|id Phoenix (6). 180 son Motor Car Co. reports net profit of $2.746, February FirstNalP pf(8). 3 for the quarter ended |prst NatS(1%). . after depreciation, Fed-|pigher Body (5). eral taxes and all charges, against|pisk Rubber. . $3.520,932 in the col ser 8 year ago. sponding qua: Fisk 1=t pf ev(?) 102 36% a1 17 100 102% nezy Macy HR& Co. . Magma Cop (3). . Mallison & Co. .. Manati , Man El Sup(434) Man EI gtd (d5). Man Shirt (11%) Maracaibo Oil. Market St 2d pf . . Marland Ofl (4). Martin-Parry(2) A hieson (4). .. May Dept St (5). Maytag (2)...... MetroG pf(1.89). Mexican Seabd. . Miami Cop (1) M1d-Continent Middle States. Minn & St Louts. Min St P& SSM. Mis Kan & Tex .. MoK & T rf (6). Missouri Pacific. Missouri Pac pf. Montana Pow(5) Montgom Ward. . Moon Mot (3). . Mors & Esx( Mothr Lode(75c) Mo Picture(113) Motor Met(3.60). Motor Whi (2). Murray Bodv.... % Nash Motors. . Nat Acme (sta). . Nat Biseult (+4), Nat Biscu pf (7). Nat Cash R (A).. Nat Cloak & Suit Nat Distillers. % Nat Lead (8). Pw&Lt(40c). upply (3).. Nevado Cop (1).. NY Afr Brake(2) NY Canners(c2) . NY Central (7). NYC&StL($7Y, NY Rys part cfs Niag Fpf (1%).. Norfk & Wn(18). Norf & W pf (4). North A (B3.40). North Am pf(3). North Pac (5)... Norwalk (1.60). . Ofl Well Sup (2). Omnibus..... Omnibus pf (8). Onyx Hoslery . Oppenhetm (3).. Orpheum Cir(2). Otis Elevator(6). Otis Steel. - Outlet Co. s Owens Bot (t4). Pacific Gas (3). . Pac Gas & Elrts. Pac Oil (3) - Packard Mo \ B Paige Mot(1.80). "% | Pan-Am (6, 2 Pan-Am B (6) Pan-AmWnB(2). Panhandle. . . Panhandle pf. % | Park & Tilford. . 100 Park Utah (60c). Pathe ExCIA. .. Penn-Seab Steel. Peoples Gas (8) . Pere Marq (78).. Pere Mar pf (5) PhilaCo (4).. Phila& RC& 1. Philip Morris. Phillips Pet (3) Plerce-Arrow.... Plerce-Arrow pf. Plerce Of1 Pierce Pet Pitts Coal. Pitts Coal pf (6). Pitt FW & Co(7). Pitts Term Coal.. PittUt pf(11.20). Pitts & West Va. Postum (4.40). Press Stesl Ca: Prod & Refiners. . PubSer NJ (5). Pub Ser rt: 2814 116 10% 125% 2% 55'% 36% 21% 64% 5 135 16% 93% 82% 59 14 1% 218 8% 1% 21% 22% 815 118 0% 1% 2% 36% 4% 884 29% 70% 28 115 48% 49 61 61 126% 126% 2% 2 Sjoss Sheff (6 South Port 8 (6) . Southn Dairles B South Pac (6)... Southern Ry (7). South Ry pf (5) Spicer Mfg StdGas& El (3). Std Mill (5)..... Std Oll Calif (2). StdOIINJT (1).. s 77 77 -|8td Ofl NJ pf(7). 114% 115% Std Plate Glass. . Sterling Pro (4). Stewart War (6). Studebaker (5). . Submarine Boat Sun 01l (1). Superior Oil. ... Symington.... .. Symington A(2). Tenn Copper (1). Texas Co (3).... Tex Gulf 8 (10). Tex & PacC & O. *Tex Pac Ld Tr Tex & Pacific. The Fair (2.40 Third Avenue. ‘Thompson(3.60). Tide Water(1%3). Timken (t4) . Tobac Prod (7) Tob Prod A (7) Transcont Oil. .. Underwood (4).. Un Bag & Paper. Un Carbide (5). UnoOil (2).. Un Pacific (10). Un Tank Car(5). Utd A1 8t (50¢) . Utd Cigar(®315). United Drug (%). UtdDrg 1st(313). Utd Fruit (112). Utd Ry Invest. .. Utd Ry Inves pf. U SCIP&F(10). USCIPpL(7)..1 U S Distributing. U § Hoftman (3). S Ind Alcohol. . S Realty (4).. 8 Rubber. Universal Pipe. Univ Pipe pf (7). UtiP&LA (2). Vanadium (2). Vick Chemical. Va-Caro Chem. Va-Car Ch(n)w Va-Car Ch 6%pf. Va-Car Ch 1%pf. Valron Coal&C. Wabash p! Waldorf (1%)... Wwalworth (1.80). ‘Ward Baking B. . ‘Ward Bak pf (7). ‘Warren Bros(4). Weber (4)...... ‘West Maryland West Md 2d pf. West l’u:ul«:E West Union (8). WesthseAB(17). Westinghse (4). Westhse 1st (4). Weston Elec. Uruguay 8s.... 109 2 Ajax Rubber 8s.... 2 103% Am Agr Chem &8 Am Agri Chem 71:s Am Chain 6s... . Am Smit & R 1st s AmSmit& R 6s. . Am Sugar ref 6=. .. AmT& Tecltris.. AmT& Tcltrbs. AmMT&Tefbs....2 AmT& Tdeb5%s. Am Water Wks bs. Anaconda 1st 6s. .. Anaconda cv db 7s. Andes Cop 7s rets. Armour&Co 438 rf. Armour Del 5338. .. Assoclated Ofl §s Atlantic Refin 58 Barnsdall 6s ctfs Bell Tel Pa5sC. . Beth Steel rf bs Beth Steel 5125 53. . Bethlehem Steel 6. Brier H St 1st 513s. % | Bklyn Ed gen 5s. Bkiyn Unfon 6% - Bush T Bldg 55 60. . Calif Pete 6138 % | Cen Leath 63 45 Chile Copper 68 32.. Col Gas & El 58 sta. Con Coal Md 18t 5s. ConGas N Y 6%s. . Consumers Pow 5s. Cuba Canecv 8. Cubia Cane cv 8s. Cuban Am Sug 8s. Denver Gas bs. Dery (DG) 78..... Det Edison vef 6s.. Dodge w i 6 S DuqL & P5%s49.. Dugquesne Light 6s. Est Cuba Sug 7%s. Empire G & F T3s. Fisk Rubber 85 Goodrich 63s. 85 Lalvumnania o ~ Hershey 5%8. .. Hoe & Co 6%8. ... Humble O & R 5128 1llinois Bell 1st 6s. Tilinois Steel Indiana Steel 5 Int Mer Marine 6s. . Int Puper 68 47 Int Paper 6s. IntT&T5%s. Kan CP&L 5s A 62 Kan G & El 68 52 LaclGref5834.... Laclede G 5%852. . Lorillard (P) 7. Louisv G & E5s52. Manatl Sug sf 7%s. Mid-Con 6% 40. MTdvale Steel 58. Mor's & Co 15t 4%3s. N Y Edison b8 44 N Y Edison 6. . NYGELH&P4s NYGEL H&P 55 NY Tel4%s.. N Y Tel 68 41 % 103 ot % | Otis Steel 8 I wnite Mot (4. .. 34w | Wright White Mot (rts). White Rock (2) Wickwire ctfs. ump . Aero (1). 28 WriglyWm(i4).. 524 b2k Yol T&C (75¢).. 28% 28% Youngstown (4). 6% 16 rates as given in the en in the above table the ann en! = auatterly or halt, yoarly eciarations, otherwise noted. extra or special divi- g 350 not included. e ok rate, Jrock, rie; arteriy. 61% 28 %% 16 b o 4 r & El b8 Pac Gas 1 T Pan-. Peoples Gas 5! Phila Co5%8 Phila Coref 68 A Phils £ R4 C&15a. Remingtn Arms Rep Iron & Steel & BSaks & Co sf 7s. 80% 7 9%6% 10 100% 100% 100% | Wisconuin Cent ¢s. ‘Sin Pipe Line 5. 1 89% MISCELLANEOUS. 108 103 103 1042 101 100 1084% Int Rap Tran 5s. . Int Rap Tr 58 stpd. Int Rap Tran 6s. .. Int Rap Tran7s. ... Int & G Nor 1st 6s. . Towa Cent rf 4s Towa Cent 1st 58 Kan City FtSds. .. Kai City S3s., Kansas City S s Kan City Term 4s.. Lake Shore 4s 28 Lake Shore 4s 31. 22 68% 67% 67% 42 67% 67 7 1 70 0% 12 61 4 106 20" 62 LI 75'% 95% 96% 103% 106 » 100 90% 9% 102% 100% A 2% 1027 95% 98% 91y 984 101% 103% 129 9% 104 L 106% 1004% 8414 1053 99% 9434 1 994 108% 95%, 87 § 107% 9514 105% 106 1064 1031y 1164 105% 110% 121% 101% 97 102% 102% 95 104 85 98% 98% m 101% 103% 1014 104% 117% 99! 101% 103 % 102% . 116 9 104 981 8! 108 108 1104 110% 108 106% 106% 94 94 99% 99% 105%I106% 1084 108% 108% 108% .99% 99% 100% 100% }05% '106% 00 99% 99% 104% 104% 100 1 1056 110 101% 107% 101 99% 99% 109% 109% 108% 108% 8 89 96% 95l 89% 89% 1 | Rio G W 1st 4s 4 |StL&SF inc s, Louis & N 6s B Louls & Nash 5 Louis & Nash 7s Man Ry 1st 90. . Market St 75 40 MIIEIRy & L és. .. M&StL1strfds, MK&T14sB.. MK&Tadjbs. .. MK&TprinbisA. 99 99 MK&TésC... 5 103% 103 Mo Pacific gen 4s.. 68 673 Mo Pac 5= 1965 2 93% 933 934 Mo Pac 65 49 D 1 1041 1045 104% MoPac6s55E..... 50 104 103% 108% 61 61 98 9at 9% 9% 87% 87% &7% 95 95 95 1023 10215 102t 1107 107 107 L 7%% 1% TN 14 100% 100% 100% 7 10G'5 100% 100% 15 1032; 1035 103% 6 1 10745 1074 1074 2 105% 105% 105% €3 E540Y 94l 21 815 Ny 99 3. 1" 123 4 Nassau E Ry 4s 57... NOTex&M5sB.. N Y Cengen3is.. N Y Cent 4s 98. N Y Cent deb 4s. N Y Centri5s. N Y Cent deb 6s. NYCentLScl3 NY Chi&StL5%s A NY Chi&StL5%s B NYC&StLEsA.. New Hav deb 4s 56. New Havencd 6s.. N Y Ont W 1st 4s. N Y Rys 6s 65. . N Y State Ry 41¢s. NY W & Bos 415 Nor & S gen 5s54. . Norfolk & W cn 4s. Northern Pac 3s. .. Northern Pac 4s. .. Northern Pac 58 D. Northern Pacr | Ore & Calif 1st 5. Pennsyl con 41,8 Pennsyl gen 4123 Pennsyl gen bs Pennsyl 5s 64 Pennsyl 6148 Pennsyl gold 7s. Peoria & B Inc 4s Pere Marq 1st bs. .. PCC&StLGsB75. PorRL&PEs4T.. Por RL&P T%s 46. Reading gen 41;s w1 98y 79% o1 €84 % 874 874 100% 100% 100t 8 110% 110% 110% 1 100% 100% 100% 3 100% 100% 100 16 96% 96% 98% 4 104% 104% 104% ... 13 100% 100% 100% . 52 112% 11214 112% 2 107% 107% 107% 2 87 37 amg 11 108% 103% 103% 1 100% 100% 100% € 101% 101% 101% 8 108% 1081 108% 96% 89% 4 1 Rio G West cl 4 f 4 RIArk&L 4%s. 6 StLIM&S4s29....18 St L IM&S R&G 4s. 13 StL&SFpl4sA..126 StL&SF prn b: StL&ESFbE%sD.. StL&SFadjés... 107 95% 95% 27 101% 101% ; ; :g'/. :3'« StL&SFplésC.. A StLSWilstés.... 13 StLS Wecon 4832 San A& ArnPds... Seaboard A L 48 sta Seab A Liref 48 Seab A L ad] b8 Seab A Lconés.... 82 Seab AllFla6s.... 31 Sou Pac 48 29 2 Sou Pacific cll 2 Sou Plclfl;nf 40.‘ ;l 9% Southern Ry gen 4s 36 827 g2 SouRy a88. v 38 look e 108" ou Ry 68 Southern Ry §%3. . joek 108 % 2 118% 1 TermAssoSL4s.. 6 86 ::“: ‘a% Term Asso StL5s.. 4 1021 102% 1021 Texas & Pacific 1st. 2 103% 103% 103% Third Averefds... 2 58k 58k 58 Third Ave ad] b: 58% 57 BT Union Pac 1st.4s. 93 98 93 UnionPac4s27.... 3 09% 99% 993 Union Pac ov 6 4 103% 1084 103% Virginia Ry 1at 55. 10 100% 100% 100% VaRy&P6 S L 98K - 984 98 West Maryland 4 684 ‘Western Pacific bs. 7% ‘Wheel & L Ecn {s. 86% Wilkes & E 1st 5s. . 684 2% 2 35 7% 864 68l 15 a2 : ja! grapefruit, box. box, 3.30a4 taggerines, es, quart. 75 Selling Prices at Noon. Wheat—No. 2 red Winter. spot. do- { mestic, no quotations: No. 2 red Win- the general conventinm « the association. This | follow the speciul meetin | sociation and further plans annual meeting in June wiil mulated Chairmen of the important conve tion committees have already been ar | ter. garlicky, 1.761;: nominal. | Corn—Cob. new. spot. 3. rel. as to delivery: domestic vellow, No. 2. 3 761, asked: No. 3. 72. s lot_of mixed at wharf per _bushel. Oats—No. 2, 4913: No. 3. new. 48%3. Rye—Nearby, new. 85a90; No. 3 rye. spot. no quotations. tiay—Receipts, 96 tons. The suply of hay on this market s liberal. but consists principally of medium and low-grade stuff. the movement of | which is very draggy. A limited in- iquiry is in evidence for the better ! qualities of timothy and choice light | clover mixed hav at stead 3 Quotations. per ton, tod 3. No. 3 timothy, 1 light clover, mixed. 2 light clover. mixed, . 1 clover mixed, 23.00 .50: No. 0. 1 13.00a14.00; 14.00a14.50 CHICAGO LIVE STOCk MARKET CHICAGO, March 19 (United States Department of Agriculture).—Hogs— Receipts, 22,000 head; irregular; light- er weight moderately active; mostly 10 cents higher than Thursday's best prices; spots up more: others slow; ¢ to 10 cents lower than yester- | s best selling or strong at Thurs- day’s iow close: big packers inwcti\'e.l bulk of 240 to 330 pound butchers, | 11.30a12.25: better 200 to 225 pound | averages, largely 12.70al bulk | good and choice. 180 pounds down, 13.40213.80; packing sows, 10.25a10.85; sorted killing pigs, 14.00. down; heavy- weight, 11.25a12.10; medium weight, 11.75a13.75; light weight, 12.35a13.80; 3 12.35a14.00; packing sows, slaughter pigs, 13.50a 14.00 Cattle—Receipts, 2,000 head; dull trade on fat steers, about steady with week's decline: shippers outlet nar- row: most steer offering, stale kind. held from earlier .in week: best heavies, 9.70: active outlet on she stock: light heifers selling apparently out of line with well flushed heavy steers: several loads, 8.75a9.25; bulls weak to lower; vealers, 26 higher at 11.25 to 12.00 to packers. Sheep—Receipts. 12,000 head: fat lambs fairly active; strong: several loads heavy Nebraska lambs, 12.50; choice 89-pound farmer-fed lambs to city butchers, 14.00; wool lambs held around 14.25; no strictly choice light kind on sale; practically no sheep or shearihg lambs offered No. 1 oat, FOREIGK EXCHANGE. 1Quotations furnished by W. B. Hibbs & Co.) checks minal i u ay Wi [ o, crown. tockholm. crown. ... 2 NEW YORK, March 19 (#).—For- eign exchanges irregular; quotations (in _cents): Great Britain, demand, 485%; cables, 486 3-16; 60-day bills on banks, 481%. France, demand, 3.58; ‘cables, 3.63%. Italy, demand, 4.01%; cables, 4.01%. Demand: Belgium, 4.00%: Germany 23.80; Holland, 40.06; Norway, 21.45: Sweden, 26.80; Denmark, 26.20: Switz. erland, 19.26; Spain, 14.10; Greece, 1.37; Poland, 12.50; Czechoslovakia, 2.96; Jugoslavia, 1.76; Austria, 14! Ru- mania, 42%; Argentina, 39.50; Brazil, 14.35: Tokio, 45%; Shanghai, 73 Montreal, 9921-32. yors ‘}rombined was nounced, but their assistants are 1 to be named. Francis G. Addison announces th there are a number of important m: ters to be taken up at the oclation meeting. Banker Returns From South. Chairman W. T. Galligher of the board of directors of the Federal American National Bank has returned from a 10-day visit to Florida. He at tended a meeting of the board yes. terday z‘fternr)on N e bank officials have c plans for moving into the n::'nr"::: guarters in time for the opening of business on Monday. It is stated that the bank will retain the present headquarters on F street as the home for the new securities corporation which the bank's officials are now. launching. This is to be a $10,000., 000 concern and will carry on a gen. eral investment, realty 5 a) < s v and securitie. . Helrd in Financial District. Frederick P. H. Siddons of rhe American Security and Trust Co. wili address the Washington Society nf Credit Men at the forum to be hel Monday evening. He will discuss the relation between banks and ered:: managers «nd show where greater operation might be a decided bencfit 1o both. The banks take much interesia in this association, and many of the best known bankers in the city huse addressed these forums. - rancis G. Addison, jr.. will give tha third talk over the radio on E«m’klrln: problems this evening between §1- and 8:30. It will be noted that the time is earlier in the evening tham last week's talk was broadcast. Mr, Addison’s subject will be “What We. Use for Money.” This series of sever addresses is in charge of the educa- tional committee of the American Bankers' Association. Record Stock Offering-. The largest financing operation of the year for anything but Govern- ment account is in prospect for nex: week when, barring a later change in plaps, the newly consolidated Tide- water Associated Oil Co. will make an offering of a large block of =~ preferred stock. This offering wilk be made through Blair & Co.. Inc and the Chase Securities Corpora tion who, with associates, have ‘un derwritten the formation of the new $240,000,000 Tidewater Associated ¢ Co. Rallroad Expenditure: Class 1 railroads during the jear~ 1925, according to a report of the Bureau of Railway onomics made today, expended $754.000,000 fn. thel form of capital expenditures for ne.- equipment, improvements to facili ties and extensions. Of this amount about 45 per cent, o $339,000,000, went into new equipmen in 1925, while the remaining 55 pe cent, or $414,600,000, was expended fo/ additions and betterments to roadwi\ and structures. The 45 per cent e\ pended for equipment in' 1925 com pared with 56 per cent in 1924 and & per cent in 1923. Contraction in Rediscount. Further contraction in volume of r¢ discounts was noted in the weekl: - statement of the Federal Reserve sys . tem as whole, showing the condition of the banks on March 17. Total discounted bills on hand «i. that time were $480,615,000, agains. $502,425,000 on March 10 and $583, 214,000 the week before. The decline last was $21,810,000 and thet’ previous week $80,789.000. Bills bought in the open market als. revealed a downward drift, declininz $27,382,000 during the week. . The ratlo of total reserves to deposit” and Federal Reserve note liabilitir-’ . compared with 74.6_ ner cent, the week before, ’