Evening Star Newspaper, March 22, 1926, Page 20

1 THE EVENING STAR, WASHINGTO FINANCIAL NEW KEITH FIRM - PLANS FINANCING i Offering of $6,000,000 Bonds to Issue for Theater- Buying Concern. FINANCIAEL,' ONDAY, MARCH 22, 1926, Lo BONDS o] [, 5 STEEL MAKES e HUGEGAN N YEA UNITED STATES. (Sales are in $1,000.) Lib3gs. .. Sales. Hizh. Low. Business Reaches Total of $1,406,505,195 in 1925. Net Income, $109,451,785. = = P NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office IBONDS ADVANCING IN'VALUE TODAY Prices Work Moderately Higher—French Issues Are Heavy. NES AEHEAER N STOCK NARKE Representative Issues Work Upward on Strength of Exchange’s Position. EY Sales. Wigh. Clons. 28 9% % 96% 11 l::fi 1004 100% Close Onen, High. Low, Close. 96 96, 96 96 123t 125% 1224 1143% 114% 114% 30% 3014 59% 6% b4 Oven. High. Low. Abitibi Pow (4).. 77 91 771 17 Advance Rumley 12 13 12 13 Afl Rumley pf(3) 5215 56 52% b64% [Anumada(+1)... 8 “8a A 8t |GenOutdr Adv. Alr Reductn(t5). 113% 1175 113% 117% Gen Petrm (3). Ajax Rubber. 1% 11 11% |GenRySig(14%). Alaska Junea.... 1% 1% 1% |Gimbel Bros. Allled Chem (4). 120% 124% 120% 123% 2) Allled Cm pf (7). 119% 119% 119% 119% |Gold Dust Allis Chalm (6).. 83% 83% &S% 8% |Goodrich I Amerada Corpn.. 25% 254 5% 28% Goodyear pf (7). Am Agricul Chm 2% '23% | Goodyr prpf(8). Am AgriChpf. .. | Gothm 8 H(215) Am Eank N 1.60. tham pf (7). . Am Reet Suz (4) i uld Con (2) . The stock |Am Beet S pf(7), | Granby Consol et had the quietest two hourz|iAm Bk N pf (3).. et ekury ¢ or some - time be- | sch. .. A n\‘-nnnlh::dh%\n'r' Tock today. The |Am Rrake Sh (&) 1 AN ys' selling which+had cartied down prices {A™ Br Bovert .. Ghitatiea last week was not followed up. Am Br Bo nf (7). i ALGNES ChD) Gen Gas pf A(7). Gen Mot (112)... Gen Mot pf (7) Close 1017 1027 101 17 100 28 1018¢ 10217 10013 1041 107 26 142 1017 1018 Libist4.s 3 1027 1025 L1-2d 41 20 10117 101 17 Lib2d41;s. 55 10029 100 28 Lib3d4%s. 95 1015 1013 Lib4th 41 173 10217 102 15 US3%s.... 111 10017 100 13 US4s1044. 8 1041 10881 US4%s52. 15 10726 10725 20 93% 9% 93 oo 13 1073% 107% 1074 Fo“flfi.’.‘h.n.-m..mm UBSteolnt ks 45 106 105% 106% Argentine fsJu 6. 61 98% 98 98% UtshPow& Ltfs.. 11 96k 96% 964 Argentine 6s Oc 98 9% | verty o Argentine 6s A, 99% 99% | war "mc.“”.. ': :: 2" :: Argentine 6s B. 4 101% 1011 101% Argentine 7. . . 2 11214 1124 112% :umr:n#n bs. 9 108% 108% 105% ustriagfs. . 102 Bank of Chile 6151. 1; }om f%“ 100“ 25 102 102 102 By the Associated Press. NEW YORK, March 22.—The vol ume of business transacted by thet United States Steel Corporation and its subsidiary companies in 1925 reach- ed the enormous total of §1,406,505,195, exceeding the previous vear's opera tions by $142,703.726, the annual report BY STUART P. WE! BY EDWARD €. STONE. It 18 reported today that an offer- ing of $6,000,000 honds will he made ehortly by an underwriting group headed by the Bankers' Trust Co.. of | New York and including Lehman Brothers and Dillon, Road & Co., in BY GEORGE T. HU Epecial Dispatch to The Star. NEW YORK, March — While prices were moderately higher in bonds today, the movement was not by Any means uniform. There were exceptions to the jmprovement even among high-grade securities. 1ES. 247y 23% 89 285% 1247 124% a3% 86 1 88 90% 28315 285 Bank of Japan 6s. On the other hand. there was no |A™ Can (18). Hartman (2%3).. Alsposition to keep on with the slight vecovery which occurred this morn- ing. More than ever. il was & pro- fessional market within narrow brunds. Among the indusirials the rebound extended from a point to 3 points. One of the particularly strong stocks was American Smelting. another was Allied Clemical and still another w Tamous Players. The rally in Amer n Can might easily have been due to short covering. Unlted States Rub- ber. Postum Cereal, Monteome Remington Type- Ward and Conti- up briskly. There irnabout in General plworth, which had en under pressure. had a sharp re- Bound Further selling in the curred dur the first Thudson Motor dropped General Motors was weak. But when the main § of the list began to sellers of the motors on Motor loss and motors oc- hour or so. ain and over ash and Dodge rea Arrow cach. Chrysler, were all higher i In the rallway sectlan prices were higher, The pressure against the Sea hoard issues was relieved. Missour Kansas.Texas ran up over two points and so did Wabash and Kansas Citv Southern. Raltimore and Ohio crossed 20 again, There was a gain of near! two point and of over vare and Hudson. ostly higher, with Pan-American up more than three points at one stage. and with Tnion Oil of California over a point. There seemed to he a good deal of stock for sals in Ceneral Petrolenn Lt Independent Oil and Gas wa ». and General Asphalt had quite ble run-up, Selling of United Steel relaxed, and the stock rallied e G IS EASY. Recessions of 1 to 2 Points From Day’s Highs Common. YORK. March 22 (®.—The closing easy. Merger rumors carried Union Oil of California up 3 points to 367 hefore prices were again forced back hy stiffening call money t&hdencies, Recessions of te 2 points from the dav's high levels were common h General Petro- lenm. United Cigar Stores and To- baececn products encountering heavy selling pressure. Total sales ap- proximated 1.500.000 shares Markets at a Glance W YORK (P).—Stacks Irregu- rail and oil shares lead early Bonds mixed: carrjer isgues resume advance. Foreign exchanges steady: Belglan francs firm. ton firm: unfavorable weather. gar steady; commi house bhuy ing. Coffee strong: firm Brazilian markets. CHICAGO.—Wheat easy: favor. able weather fouthwest. Corn lower bearish visible. Cattle firm. Hogs lower. AUTO PRODUCTION. February production of motor ve- hicles in the United States and Can- ada was announced today by the De- partment of Commerce as 334,527 passenger cars and 40,805 trucks, of which 318,632 passenger cars and 37,- 522 trucks were made in the United es and 15,895 passenger cars and 8% trucks in Canada. his represented an 44 passenger cars, as compared ith revised figures for January, 926, manufacturered and an increase as compade with February, Trucks showed an Increase of v January, 1926, and an in- 5 over ruary, 1 increase of A. C. L._fims $26.93 a Share. NEW YORK. March (®).—The Atlantic Coast Line Rallroad Co. earn ed 2693 a share on the stock in 1925, after preferred divi- «ends, in contrast to $19.34 a share in 1924, the preliminary annual state- ment shows. Net incomes rose to $18.483,142, after taxes, from $13,275,- $44 the year hefore, FOREIGK EXCHANGE. (Quotations furnished hy W. B. Hibba & Co.) Nominal Selling checks ndon. pound. . ontreal. dollar Oulo erown o ftockholm. crown. NEW YORK, eign exchanges st cents): Great Bl cables, 486 481 1116 cables, 3. cables, 4 Demand many, 23.80 21.54. Sweden, Switzerland. 1 Greece, 1.341 slovakia, tria, 14, 39. K FEDERAL LAND BANK BONDS. (Reported by Rednond & Co.) Approx. vield. 22 (). —For- Quotations (in . demand, 4853 : 60-day bills on banks, rance, demand, 3.521 Italy, demand, 4.01 Relgium, 4.0 - Holland. 40.06 Denmark, 26.23, . Spain, Poland, 1 Ingosiavia, imania. 421g 14.41. Montreal. 9 T Brazil, nghai. 73%. . Argentina, Tokin, 99 21 s e a8 SoooposoEs 2538 TREASURY CERTIFICATES. (Quotations furnished by Redmond & #———Noon.: 3ic L 100116 800 15 1s Sent 4% March 448 Dee. 15, DRY GOODS MARKET DULL. Special Dispatch to The Star. NEW YORK, March 22 ton goods marked was dull at the opening of the new week. Print cloths were quoted unchanged at 77 for 64 by 0= and @, for £ by Tos. Raw silks were actlve at advances of 10 to 15 a pound, —The cot- definitel with fluctuations | & common | Am Can (newy... Am Car&Fdy (6) Am Chain A (2) Am Chicle Am & For Pow. . Am & Fo P pf (T) Am Hide & Lea. . Am Hide & L pf Am Tee (+10) . Am Internatt | Am La Fr(1)... Am Linsd pf (7). Am Loco (%), co pf (7). Am Metals (1). . 1 Am Radiator (4). Am Safaty R (7). Am Ship & Com . Am Sm & Ref(7) Am St! Fdys (3). Snear (5)... Am Suear pf (7). Am Tel&Te! (9). Am Tohacco (8) Am Tobac B (8). Am Typ Fdrs(8). Am Wa Wo §1.20 Am Woolen Am Won! pf (1). AmZine........ Am Zine pf. . ) Ahaconda (3). .. ] Archer-Danjels. . iwmurm! 7y Armour T A (2) Armour Tl (B).. Artloom (3). Asso Dry G(2 Asso O1} Atchison . Atenison pf (5).. Atl Birm & At... At] Coast L (19). AUGuIf& WI... Atlantic Refine. . 4 Ref pf (7) Atla= Tack Austin-Nichols. . Auto Knitter. ... Baldwin L (7)... Ralto & Ohlo(5). Bang & Ar (3) Sarnsdall A (2). Rarnsdall B (2). Rayuk Clgar. Beech-Nut (t3).. Relding Bros(3). Bethlehem Stael. Reth Stl pf ( Botany A (4) Briscs Mfg (3) FkIn Edison (8). BKIn-Mn Tr (4).. BK-Man T pf(f). Brown Shoe (2).. Brunswick Balk. Brunswick Ter. Burns Bro (10) Burns Br B (2). . Burns Bro pf(7). Butte Cop (30e). Rutte&Super (). Butterick Calif Pke (18)... Calif Petrol (2).. Callahan Zinc. ... Calumt & A 414, Calume&H(11:2) Can Paclific (10). Case Threshing Case Thr pf (7).. Cent Leather-. . .. Cent Leather pf. Century Rib (2). Cerre DaP (4)... Chand-Cleve. Chand-Cley p® Ches & Oh (112). Ches&O pf (632). Chi & Al Chi & Bast 111 . Chi Great We Chi Gr West pf.. Chi Mil& StT. .. Chi M1 & StP pf < Mil & St Petfs. € Mil&StP pf cfs. Cil & Nwn (4). Chi Pneu T (5) Chi R1& Pac CRI&PDf( Childs ($2.40). Chile Cop (2%3) {Christie Brown. . Chrysler Corp(3) Chrysler pfA(8). * | Coca Cola (7) Colo Southern. Col Fuel & Iron.. Col G & E (2.60). Cal Carbon (4)... “om Cred (2)... Com Inv (3.60 Com Solv A (4) Com Solv B Congoleum-N.... Consol Cigar. Consol Gas (5). Consol Textil Cont Can (16) Cont Insur (6). Cont Mot (80c) Corn Prod (2) Cructble Stl (5) Cuba Cane Sugar Cuba Cane Su pf. Ciba Co (4)....., Cuban Am 8 (2 Cuban Domin Cudahy Pkg ( Cushman's (8)... Cuyamel Fr (4) Daniel Boone. Davison Chem. De Beers (1.23) i Del & Hud (8). Del L& Wn (17). DRG Wst pf i Detrolt Kd (8). 'Devoe& Ra(2.40) . Dodge Bros ClA. Dodge pf (7). ... Dome Mines (2). Douglas Pec (1), |DulS S & Atlpf. . Dypont (10.. | Dupont deb (6) i Durham Hose Eaton Axle (2). isenlohr & Bro. Electric Boat . Elec Powr & Lt EP&L Dl 40%(7) - R 1st pf. o 2d pf .- ureka Vae (4) £ Erl 3 I . | Fairbanks Co. Fairbanks (3). { Famous P1 (8).. .. FedLight(*1.40). {Fed Min & Smelt. | ed Min pf (7). { Fifth Ave (84c). | Frst Nat S(1%). Kisher Body (5). { irisk Kubber. o) Fisk pf stpd ¢ Fielschman(2) . . Foundation (8 Fox Film A (4) Freepori-Texas Gardner Motor. . Gabriel Sn(13%) | Gen Am Tnk (3). ! Gen Asphait.... |Gen Asph pf (5). {Gen Clgar (n) | Gen Kiectric (8). {Gen Elec sp(60c) iGen GasA (1%). 17% 99% 24"y a1 40% 6l 122 24 a2, 1% 50 80 99% 118 514 111 51% 8% 123 43 102% 12% 4% 115% 114 118 117 11t 20'% 1 106% 89% 10 aan 26 13 130% 3410 oRl 5% 13 20% 131% 36% 2 57 144 154% 9% 100 13% 497 18 624 16% 3Ly 132V 1743 10% 9% 41 45'% 102% 9lte 7 50% 120% 31t 8 18 36 911 17 % 35% 47% 69'a 1094 51 30878 11 4% 99% | 24% | 4z | 40% e | sooh l:‘l | Hayes W (137, ). Hoe & Co A. Homestake % Househd (1314) . | Houston Of) Howe Sound (3). Hudson Man 21 . Hudson Mot (3) Hupp Mot (1).. . Tl11nols Cen (7). . Indep Oil (1). « | Tndian Refining 72 1020, 102% 12 12 144% 145% 115% 115% 113's 113% 117% 117% 531 33% B1% 8 32 44 384 9614 11749 117% 1% 1Y% 200 20% 1 1 108% 107% | BRY « 984 5 5 124 20 131% 1324 144 s 154% 154% 79 79 131% 132% 132 132 T T 32% 324 9% 9% 19% 20 1% 11% 1T% _174% 10% “10% 16 16% 68 68 1034 103% 4 101% 101% 133% 134% 130% 133 128 128 17% 17% 581 BRY% L) 934 21 2§ ™ 79 130% 130% 114 1% 384 67% 94 Al 454 25% 2% 28% 165 168 138 139 42% 42% 126 126% 38 38 32% 34 &5 BBy Ind Ref pf (7) Tneersoll R (3).. Tnland St (21%4) .. Tnsplration (2). . Interurb Rap Tr. Intcontal Rubber Internat Acri. . . Int Bus Mach(3) Tnt Cement (4).. In Cement pf(7). 1 Int Com Fnz (2). 441 Int Harveser (6) 118% Inter Har pf (7). 121% IntMtehpf(3.20). 681y Int Mer Mar pf. . Int Nickel (2). nt Paper....... Int Tel & Tel (6). JewelTea....... 82% Tordon Mot (3).. 46 KCP & L 1st (7). 107% Kan City Sonth.. 38% Ka J3).... 40 pring.... Kelsey Whi (8).. Kennecott (4). .. Keystore T & R. Kinney pf (8). Kresge §3(1.20). Kresge Dept S. .. Lee Tire & Rub. . Lehigh Val(33%). Leh&Fink ctf(3). Lifesavers (40c) Liggett & M (t4) Lig& My B (14). Lima Loco (4).. loews Inc (2) Loft. 5 Lonz Bell A (4). Lor{llard(2) Louistana O1l. LoulsGasA(1.75) Louts & Nsh (6). Ludlum (2). M'CroryB(15.60) Mack Trucks (6). Mack T 1st (7)., Macy HR& Co.. Mazma Cop (3).. Mallison & Co. .. Man Fl Sup(4%) Man El gtd (45). ~ Man Shirt (14). Maracatbo Oil. . . Marland Ofl (4). Marlin Roek (2). Martin-Parry(2) Mathieson (4). .. May Dept St (5). Maytag (2).. Mexican Seabd Miami Cop (1) Mid-Continent. .. Middle States. Miller Retfs(2). 50% 116% Missourt Pac pf. Montana Pow(5) Montgom Ward. . Moon Mot (3).... Mors & Esx(3%) Mothr Lode(75c) Mo Picture(1%) Motor Met(3.60) . Motor Whi (2)... Mullins Body. Murray Body. Nash Motors. Nat Acme (sta) .. Nat Riscult (t4). tCash R (A).. Nat Cloak & Sult. Nat Dalry (3)... Nat Dpt Stores Nat Distillers Nat Enam pf Nat Lead (8) Nat Lead pf (7). Nat Pw&Lt(40c). Nat Ry Mex 2d. .. NY Canners(c2). NY Central (7).. NYC&StL(171). NY Dock...... NY NH & IHart NY On & West. .. NY State R Norfk & Wn(18). North A (B3.40) . North Am pf(3). North Pac (5)... Nunnally (1.50). Ofl Well Sup (2). Omnibus. Oppenhe! Orpheum Cir(2 Otis Elevator (6) Otis Ste Otis Steel pf. Outlet Co. Pacific Coast . . Pacific Gas (3) Pac Gas & El rt PacOfl (3). Packard Mot (2). Palge Mot(1.80). Pan-Am (6) Pan-Am B (6). Pan-AmWnB(2). Panhandle. ..... Park Utah (80c). Pathe ExCIA... Penick & Ford. Pennsy R R (3) Penn-Seab Steel. Pere Marq (18) Phila Co (4). asw " 7 6544 . |Phlla& RC&I 615 211% 21 4 102 12 108 108% 27 27 4% 1% 5 5 20% 20% 102% 102% oK 91y %% 177 67% 67% 2T% 27% 40% 41 36% 374 47 48 2% 2% 501 50w LY 102 12 o1ty 17% 82 434 928 17% 82% 44% 104 104% 63% 634 23% 24% | Ray Cons Cop Phillips Pet (3) Phoenix Hoslery. Plerce-Arrow. ... Pierce-Arrow pf. Plerce OIl. . Pierce Ol pf. Plerce Petro! Pitta Coal. . PitU pf et nt1.20. PIttU pr(11.20). Pitts & West Va. Postum (4.40) Press Steel Car Prod & Refiners. Pub Ser NJ (5). Pub Serrts. . Pullman Co (8) Punta Aleg Sug Pure Oil (12). Radio Corpof A. RalioC pf (3%). Rwy Stl Spr (4). Ry StISppf (7). 117% .« 1% Reading (4) Reading rts Reading 1st (2) Reading 2d (2) 40% Remington Type. 104% Replogle Steel... 11% Rep Iron & Steel. b4l Reynolds Spngs. 6% Rey Tobac B (4). 93 ) 35% 35% 4T% 4T% 68% 71l 109% 110 51 51 3054 311t 1% 11% 42% 44 Robt Reis Ist pf. 13 Royal Du(al.33). 624 St Joseph L(13). 41 StL & SanFr (7). 90% StL&SanF'pf(6). 8G% St L Southwest., 61 ' Savage Arms (4) K% Sehulte (§8). 59 Seaboard Air L.. 31 % | Wheel & L % [Woolworth (5) A number of large blocks of rail- road issues were reported on offer in the outside market, generally bonds of the tvpe of Buffalo, Rochester and Pittsburgh 414s, and of Delaware and Hudson 514s.” Against this was the strength and activity on the ho in Central Pacific 5s, and Baltin and Ohio. Southwestern o, The fer ture of the United States Governments lwas the new 1926 high for the tax jexempt Liberty 31 High-grade | utilities and telephone issues were in demand. Milwaukee Flectvie Light wer bonds were especially re strong. Amonz the speculative rdls, the 4 under pressure they railied some The recovery, however, come lefore Seahoard is hid made o new low justment honds 8. Seaboard sold_around the lows week. Missouri-Kansas- Texas adjustments furnished the Strong spot, moving up to 42 against Saturday's close of 91%. Nt Louls- San Franeiseo adjustments and in- come 6= were hoth higher. In the tractions there was quite a brisk recovery in Chicago Railways 5s. Nassan Electric ‘4s were lower, but New York Rallways 6s advanced. Except for Cuban Dominican 7s su. gar issues did hetter, notably Manata T« and American Sugars 6s Foreign issues were highly irregn lar. French descriptions were heavy. The 8= dropped below 102 and the Ts were off fractionally. There was het- ter support for the Ti.«, Belgian honds were in hetter demand New offerings included Denver Joint Stock Land Bank vield 4.56 per cent to the option demption date. and $2.000.000 tonlo Joint Stock La vield 4.72 per cent date, w Law funding a helow INITIAL DIVIDEND. NEW YORK, ) h 2 (P .—An initial dividend of 75 cents a share on the new class stock of the Na- tional Cash Register Co. was declared today able April 15, to holders of EXTRA DIVIDEND. © NEW YORK. March 22 (®).— Texon 01l and Land declared an extra divi dend of 15 cents a share and the reg ular quarterly of 5 cents, both pay able April 24 to holders of record April 14. % 3415 Seahoard A Lrts Seabd Air I Seagrave (1.20), Sears-Roebk (6) . Shattuek F G(2), Shell T&Ta2 e, Shell Un (1.40). . Shubert Theatra. Stmmons(12.25). Simms Pet (1) nclair Of). . Skelly Of1 (2). Sloss Sheft (6) Sloes-Shf pf (7). Southn Dairies B South Pac (6 Southern Ry (7). South Ry pf (5) Spear & Co pf(7) Splcer Mfg Std Gas & Kl (3). StdG & ELpfid). Std Mill (5) ... Std Oil Calif (2). Std OI N J (1) Std OII NJ pf(7). Stewart War (§). Strombers (6). .. Studebaker (5) .. Submarine Boat. Superior Oil Tenn Copper (1). Texas Co (3) Tex Gulf § (1 Tex & Pacific Tex & Pac C & L 26 11 1914 A5 43% 25% 57 465 804 104 102 3 o 29 1094 102 329 93% % [ The Fair (2.40).. Third Avenue. ., Thompson (3.60) . Tide Water(11%4). Tide W Ol pf Timken (14). Tobac Prod (7) Transcont Oll. Underwood (4).. Un Bag & Paper. Un Carbide (5) Unofl (2)... Un Pacific (10) Un Pacific pf(4). Utd A1 Stl (50e). Utd Clgar(*3%). United Drug (8). UtdDrg 1st(31s). Utd Frult (112) Utd Paperbd (2). Utd Ry Inves pf. USCIP&F(10). USCIPDL (7). U 8 Distributing. U S Hoffman (3). U S Ind Alcohol. . U S Realty (4).. U S Rubber. . U S Rub 18t (8).. U S Smelt (3'2). U 8 Steel (17). U S'Steel pf (7). 1S Tob pf(7). Universal Pipe. . Univ Pipe pf (7). Util P& LA (2). Va-Car Ch(n)w 1 Va-Car Ch 6%pf. Va-Car Ch 7% pf. Va-Caro Chem. . Va-Car Ch Befs. Valron Coal & Vivaudou Wabash. . 3 Wabash pf A (5). Wabash pf B.... Wwaldorf (1%). ‘Walworth (1.80 Ward Baking A.. Ward Baking B. . ward Bak pf (7). ‘Weber (4) W Penn EI A (7). West P EIpf(7). ‘West Maryland West Md 2d pf. 914 50 100% % | west Pacific. West Pac pf (6). West Union (8).. WesthseAB({7). Westinghse (1) Weston Elec. ... ErI:A . vheel & LEDf. . e Eagle (2) White Mot (4).... White Mot (rts). wickwire ctis. .. Willys-Overland. Willys-0d pf(7). . 167 161% 164% 29% 28 29% 29'% 28% 29% 28% 27% 28% Worthn Pump. Wright Aero (1). 284 Yel T &C (76c).. 28 Yel Tr&Cpf (7).. 95 95 9414 84y Youngstown (4). 5% 17 5% 164 Dividend rates as given in the above table are the annual cash payments based on the test quarterls or half yearly declarations, injeas Otherwise noted. extra or epecial divi- Gends-are not included. a Paid this 'ar. no recular rate. bhor ontional in stock. ' *Partly stock. Partl ixtra. #Pavable in preferred stoel Pl g 100k payable 17 quartarl Pl in stock payable 1% % auarteriy. | Belzium 8s l:rxuufla Rs. | Chile 75 1043 jCopenhagen 5148, i Czecho 85 1 | Czecho 851 | Denmarik 6s |Ger Gen Elec 7 AIAMT& T st 74 | Bklyn Union 3 'zs.. 4 | Con Coal Md 1st 5s. 107% 9%% 100 831 83% 911 92% 102 102% 102 Brazil 8s Canada 5 i Canada {Canadn 514 Chile 85 1926 Chile 851941 Con Pow Japan 7 fl's 1K 98% 99 102% 108 98¢ 98Y 1014 101% 101 101% 102% 102% 102% 102% Cuba [i1s. 10274 8 1024 1104 2 104 4 106% #8% 964 90 BR7a 98% El Salvador 85 48 .. {Finland = 65 45 Finland 7s. Framerican 714s. French 7. French7%s French 8=, German 7s . Ger Agr Bank 7s OR14 9R% 101% 101% 102% 102'4 960 9A%, 974 85% "R 81% L] K% % 094 Greek 7s. Halti 6= Holland Am Hungary 614 Japanese figs. ... Jergens U M 6s 47 Marseille6s....... 5 Mexico 4504 asntd. 6 Mexico 45 10 asntd. 20 assented. 14° Montevidio 7s. . 1 Netherlands 6 4 9% 10814 1 103% 104% 106% 108% 80'% 804 9% 96 1% 101% 101 101 101 101 8814 884 8 A gsl Ll Norway 6s 1943 Norway 6x 1044 ¥ 631952 {Ment Dev den 6s... Pari: { Part | Paris Orlea B 101% 5 884 98y 1024 1024 6% B9 891, 100% 1008 98 9 104% 104% 110% 110% 100% 100% 100'4 100% Poland f=. Portn Alegr |Prague Tlos | Queen, | Queen Riode Jan 8= 1946. . ‘ Rio da Jan 8s 47 {Rio Gr Do Sul &= {Sa0 Panio 8 | a0 Paulo 1 { Saxon (P W) 7s. | Seine 75 42. . ! Serbs Crot Slo- Solssons fs Sweden 5lgs et Sweden 6s. ... 188 5165 1046, % wiks Confed § [ Tokio 5& i fUtd Kingm 538 . | Utd Kingm 5155 37. | Utd Steam Copen 63 91 {Zurich 8s. ... 108 i MISCELLANEOUS. Ajax Rubber 8s . 104 104 !{Am Agr Chem 103 103 | Am Agri Chem 1044 106% {Am Chain6s...... 100% 100% mit& R 1st 5s 22 100'% 1004 Am Sugar ref 6s 14 104% 104% /AMT& Teltr 9N MU {AmT& Teltr 102'+ 102% 9 B9 1044 96% 964 103% 104% 104% 994 100 901, 91 9 5 10243 1024 100's 100% 100 100 1027 103 102% 102% 2% UG 99% 99% 91k 92y 1936. . 874 EILNE LY Rt 84 103 10474 108 1084 AmT & Tdeb5hs. Am Water Wka 58, ! Anaconda 1st 6s. i Anaconda cv d Andes Cop 7s ret { Armour&Co 4138 rf. Armour Del 58 Assoclated Oil 8s. {Atlantic Refin 5s | Barnsdall 6s ctfs. | Bell Tel Pa | Bell Tel Pa 100 103 102% 954 9914 924 o081y 101% 193% 128% 1044 1001 106%4 | Beth § Beth Steel 515 Hethlrhem § | Brier H St 1s | Bkiyn Ed gen 4 128% 128% 1044 1043 10014 1004 1064 106% 100% 100% 1004 100% 1034% 103% 83 83 | Calif Pete G1zs {Cen Leath 6s | Chite Coppes Col Gas & 1 . Col Gas & Fil 55 sta. Commonwlth P 6s. . Con GasN Y 64s.. Consnmers Pow . Cuban Am Sug fs. . | Det ¥Edison 5s 40 Det Edison ref | Dodie w 1 6s. | Donner Steel 7s. Duq L & I’ 5158 4 Duquesne Light 8s. Est Cuba Sug 7%s. Emplre G & F 1%s. Fisk Rubber 8s.... Goodrich 6':s. Goody Goody Hershey 5l4s Hoe & Co 67 Humble O & R 5% Tilinois Bell 1st 55. Illinois Steel 4135 . Int Mer Marine 6s. . Int Paper 58 47 Int Paper 6s. INtT&T6% 107% 107% 9% 95% M 9 105% 105% 106 108 102% 10: @ S unSm e Rm— . B 110% 1104 101% 101% 104 104 3 104% 104% 984y 104 1044 984 101% 101% 994 Kelly-Spring 8=. Lackawa S 53 50... Laclede G 5%852.. Lorillard (P) 6s. ... Ligzett & Myers bs. Loulsv G & E 58 52. Manati Sug st 7%s. Mid-Con 615 4 Midvale Steel b bl 101% 101% 86% N Y Edison 5s 44 NYGELH&P bs North Am Ed 6s. North Am Ed 81 Nor Ohfo T & L 6 Nor States Pow 5 Nor States Pow 6 Otis Steel 7% BSnone ~SonSe~Sans - s 99% 99! 106 106 103% 103% 108 108 99 % 90K 101% 101% 100% 100% 106% 1074 105% 106% 100% 100% 100 100 100 110% 110% 101% 101% 107 107 86 S Pan-Amer Pete 6s. . Pan-Amer Pete 7 Peoples Gas 5=, Phila Co 5%8 38 Phila& Rd C& 168 Producers & Rf 8s. Public Service Punta Alegre . Remingtn Arms 6s. Rep Iron & Steel bs. Ros Brown Iron 7. Sharon Stl H 8s SR aamwn % 1% 107% 1078 109% 110% 18 89% 88% 83% 108% 1084 2 38% 88y [Ch! % 102% 102% st %8¢ P& KCShL 4%.. . 26 102% 1024 102% RAILROAD. « B3 1 25 90% S04 90% 19 93% 96% 95% AtlantieCL s 1 105% 105% 105% At! & Dan st 4 .31 M 78 Atl&Dan2d4s4s.. 1 67 67 67 B&OGold 4s & 907h 90% 90% c1e 25 98 95% 96L . 8 9% 9BW 954 + 24 103% 102% 103! 11 102% 102% 102! « 25 106 106 106 B&OPLEWVs.. 26 90% 904 90% B&OSw Diviscfs. 14 99% 994 99% Rkiyn Manhat és. 28 9 2% 93% Buff R & Pitt 4% 4 88% 83% 88Y% Canad North 6%4x.. 1 117% 117% 117% Cansd Pacdeb és... 17 8% 821 82% Car Clinch & O 6 108% 103 108% Cent of Ga 6x 5 102% 102% 1024 Central Pacific ds.. | %0 90 206 99 99 99 10 98% 984 9R% 3 9k K 94N . 76 146 144% 1464 .20 86 66 56 1 104% 1043 104% 4% Ra% nas... 1864 . CR&Q-NIY Chi& E1gnbs Chi Great West ds € M & Puget 84 4 CMA&REP ds 25 ef. CM&StPcvdatlin. CM&SPevd 4 adtefs CMAStPEndln. CMAStPréiinef 14 CM&SP ev ba of8 14 Chi& N W ref 58, 5% 48l R % oy ARl 07% 107% 107% 124 7% 724 85% 85 851 WK 89 RAY 27 81 87 5 9B s s 36 104 103X 104 B 104 103 103 2 02 2% 9ok | CubaNR 5 96% 96 9 Del & Hud 1st rf 3 924 92% 92% Del & Hud ev 58 35. 39 112% 112 112% Den& RioGen 4e..12¢ R7Y R7'4 RTK D Rio G West §i 12 &5 Det United 4 1 % 8 a8 12 . & “ 1106 Ch & . 1 Chi 64 cCawWT cCCa s Cuba R Frie conv Frie conv Friecons s Frie & Jers Frie Gene, FlaBCSsT4. . Gr Trunk sf 4k 6 Grand Trunk 7s. Great Neorth 5. Great Nfir!hfil “us. 7 £9% 697 % 106 B. D. 106 38 98 a7y 97y ! 7107 107 107 | 2 1A% 104% 1140 | 3¢ 1005 100 100% | & 10%% 103% 103% | 19 112% 112 112 18 92 934 95% L8 % 8 8dy K0 T8 78 TR VI Centralrefds .. 16 $2 02 o9y TILC.C SLLANO Bs. 1 1007% 1008 100% IntRApTranfbe.... 12 6% &7y 68 &7 67 n o 14 91 91 € 108k 104% 1035 20 2% 72 72 LIS €6 1 RS | 087 BRY, | R RRY RON 087% 108% 105% £316 6314 "y T.ake Shore 4s 31 Lehixh Val en 48 Louls & Nash 7s. Man Ry 18t 90 MIIEIRy & L MA&StLIstrfds. . M St P & 88M cn 5% MStP&SSMEsssgtd MK&ATGE - MK & T adf 5s MK&TprinSsA. Mo Pacific gen 4s. .. 6 Mo Pac 55 1965 NoPacésdd D Mo Pac E Mont Trm ref 5s 41. Nassau E Ry 4x §7.. NOTex& M5nB.. N Y Cent deb ¢s. NYCentrise.. NV Cent deb 6. NYCentL8cl3 NYC&StLAb 4 NY ChI&StL 5% 8 A NY Chi&StL 5%e B New Hav deh 45 56. New Havenecd NYRys€ags.... NYW&BondY Norfolk & W ev 6. Northern Pae 3s. .. Northern Pae 5= D Northern Paer | Ore & Callf 1st 6n. . Ore Wash 1st rf ds. Pennsyl gen 448 Pennsyl gen 5 Pennsyl bn 84. .. £ 51 ¢ . 3R 2 2 21 2 3 97w 9Ty 23 60 59y 100 9K% 95% -104 103% 10214 1 107% 10754 ERL 5 954 98y 21 100% 100% R 1064 100 15 69K 88 fas .. 4 1101 110% 3 100' 1001 15 R4 P4rg ! 97T 9gy 1104% 10474 - 40 100% 100 17 125 1124 12 107% 107% 1 37% 874 2 87 86w 2 108K 103 £ 100% 1008 19 100% 100% 5 1084 108% 10844 7 5 1 a6 22 I3 L] Pers Marq 1st 48 §i Pere Marq 1st 5= PCC&StLbsA... PCCAStLEsB7S. Por RLEP Ti48 46.. StL&SFpldsA.. StL&SF prin K 1 101% 101 e 94 ony 7] 84% 2% 870 86% 60y SanA & ArnPds Seab A Lref éa Seab A L adj b». Seab A L con 6s. Seab All Fla Sou Pac 45 29 Sou Pacifie elt 8% | Sou Pacifie ref 4s Ed Southern Ry gen 4s % 8 [] 2 105K 1054 lfl‘z'\: 108% 108% 108% 11 114K 112% 11ey 2 86 86 s8¢ 18 68 R7Y 8% % 4% 98! w’ gt M8y WY 99y % 107% 1094 4% 101 101 K 98K 98y 102% 102¢ 102% 100% 1004 100% 1014 I::fi 100% % Term Asso 8 L. ‘Third Avead) bs. .. Tol Tr L&P 5145 30 Swmen ‘West Shore 1st Wheel & LEen FNLR N Ot Earnings of the Commonwealth Power Corporation and subsidiaries for the year ended February 28, 1926, applicable to dividends and deprecia- tion amounted to $3,820,442. After provision for depreciation, earnings amounted to $14.98 per share on the preferred and $3.05 per share on the common, as compared with $12.23 and $2.19, respectively, for the same period last year, based on the same number of shares now autstanding. disclosed. $109.451,785, in contrast to $104,221,974 | in 1924, with a balance of $4,801,800 carried forward to undivided surplus, which aggregated $521,863,109. | out that while a substantial increasad | gate tonnage and value, average prices { produced Net income for the year amounted to | Elbert H. Gary, chairman, pointed | volume of business was done, com- | pared with 1924, measured by aggre- were less per unit bacause of sharp | competition. In the case of rolled and | finished steel products shipped to the domestic trade. quotations were $3.80 | Ky. per ton less than in 1924 and ex shipments $4.38 a ton less. | ““These average reductions in per ton | selling prices extended agafnst the | total tonnage shipped in 1925 repr sent an aggregate decrease in gross sales eeds of approximately $5 500,000."" the report said. o Surplus for the vear after dividends | was §29.801, from which was de- | Aucted $25.000,000 in appropriations for additions and fmprovements to plants. BETHLEHEM IMPROVED. port | Volume of Steel Business for Year Totals $273,025,320. NEW YORK, March 22 (#). -Pro. nounced improvements in operations and earnings of the Bethlehem Steel Corporation in 1925 {s shown in the annual report, t outstanding fea ture heing the increase in volume of shipments and deliveries by suh companies, amounting to .025.320, compared with $243,904, 66 for the preceding vear. “The vear 1925 was in many ways the most remarkable in the history of the steel industry in this country,” the report sald. “Approximately ) tons of steel ngots were . establishing a new record and sexceeding the previous record made in 1417 by approximately 568, 000 ton Net fncome was $13.838.196 after providing $12.004,.984 for depreciation and depletion, snd was oquivalent after preferred dividends to share on the common =tock. was in contrast to net ineame $5.916,181 in 1924, equal to $2.56 2 share. After providing for dividends of $4.303,073. there was a surplus of $9.555,123 urplus for the year he. fore was $2.368.027. The corporation 30 a This of 1 108% 1054 1061 PAId $421.139 in pensions during the RiEgs National vear, compared with $358,803 in 1921 WHEAT PRICE BREAKS TO NEW LOW LEVEL General Rush to Sell and Lack of Sustained Buying Smashes Market Down. CHICAGO. March 22 (® - With & general rush to sell and with a lack of sustained buying. wheat prices to- day broke té the lowest figures since November. 1925. The corn marke also smashed downward, all deliverie of corn selline at a new low price record for the season. The selling rush in the wheat market was ass crop reports from the Southwest and with advices aleo that Spring whea* seeding Nerthwest is already making ranid progress. WHEAT— LRI > Tty Sentember . GRAIN AND PRODUCE. BALTIMORE. Mareh 27 (Specia White potatoss, 100 pounds. 2.00a Asparagus, dozén. 7.00a%.50; heans, hamper. £.00a8.00; hests, 100, 5.00a7.00: | crate. 3.00a5.00: cucumber £.00a10.00;_aggplants. crate, 3.00a6.00: kale, harrel, 1.25a2.25; lettuce, basket, 2.00a3.50; peppers. crate. 4.00a6.00: onlons, 100 pounds, 2.50a3.50: oyster- plants. 100, 6.00a8.00; peas. hamper, 2.50a3.50: parsnips, hasket, 50 matoes. crate, 2.50a7.00; spinach, bar- rel, 1.25a2.50: savoy cabbage. bushel, 75a1.00: turnips, basket, 25340, Apples, barrel. 2.00a5.50: bushe], 75a 1.75. Grapefrvit. hox, 3.25a5.00; or- strawberries, quart. 60a7 Selling_Prices at Noon. Wheat- red Winter, spot. do- mestic. no quotations; No. 2 red Win. ter. garlicky, 17%. Corn—Cob, new. spot, 3.75 per bar- rel. as to delivery: domestic vellow, No. 2, mew, 87 per bushel: exports, No. 3. 7114, “ 1 co. of New Yor ve—Nearby. new, pot. o quotations. Recelpts 137 tons. The supply v on this market is liberal, but consists principally of medium and low-grade stuff, the movement of which ix very draggy. A limited in- quiry is In ‘evidence for the hetter | qualities of timothy and choice lizh* clover mixed hay at steady prices. Quotations, per ten, today: No. 2. timothy, 23.50a24.50: No. 3, timethy. 0: No. 1 light elover, mixed, No. 2 light clover, mixes No. 1 clover mixed, 23.00 23.00a23.50; No. 2 clover, 18.00a20.00. Straw—! wheat, g3 13.00a14.00; No. 1 oat, 14.00a14.50, NEW YORK., March 22 (#).—Cop- electrolytic, spot and fu- spot_and 7. Iron 22.00a23.50; No. 2 Northern, 21.00a22.60; No. 2 Southern, 22.00a23.00. Leady steady; spot, 8.20a8.30. Zinc steady: Fast St. Louis, spot and futures, 7.50. Anti- mony, 20.00., CALL MONEY STRONG. NEW YORK, March 22 (#).—Call money strong: high, 5: low, 434: ruling rate, 414; closing bid, 5; offered at 5%: last loan, 5: call loans against accept- ‘ances, 3%. Time loans easier: mixed collateral, 60-90 days, 4%: 4-6 months, 41%: prime mercantile paper, 11%. No. 1 Northern, ‘Taxicaba are appearing in large cities of Rusia. but horse-drawn cabs =till | are populap. connection with the formation of the B. F. Keith Corporation, a new com pany, which has heen organized acquire theaters of the Keith cireuit The Keith circuit iz one of the old est and most prominent vaudeviile chains fn Ame It was started in 1883 with one theater fn Boston, and since that time has grown until foda+ it extends from the New England States west 10 Indianapolis, and sonti as far as Washington, and Lonisvide The corporation will operate or control directly through ries or affiliz or leased moving piet It is undersiood that the propertics to be taken over by the B. F. Kelt Corporation nd At appro { mately $ Noted English Banker 1 Sir Robert Kindersley, t the Bank (f Enzland. which is a g ernment institution and is the mos=t powerful bank of its kind in the worli now s in Washington. and is heis introduced 1. National Capital people and Viee Presider Dawes. O & Sir Robert and intere hat with re Metlon, the call being pure A social nature. yesterday Mr. Dawes took his st 1o the New York Ave nue Church. and after the servies d hv Mrs. Dawes. they mo the city. Sir Rebert tall. well proportioned, dignified and extremely cordi He has alread: made many friends here. In additl his ¢ nection with the Rank England alsa president great Hud « Today's Trading on Fxchan Washington very the when the o vers lig wshington ¢ e on four trans preferred chares of the nk changed hands hrought at The market elosed Lanston Manatspe which was a quarter than the last ith nne sala coming ont a 51 Sat er sale made on ur North American’s Progres: Detailed stids the Nar: iean Company's annual fssned a few the fact that ment holdin of Amer report. whic the company’s | v in stacks and he of other utility companiee. including preferred stocks and honde nf sidlarfes, were heavily inereased consolidated halance sheat | 1otal of such investme: $: 213, against $19,266.490, at the close 1924 ¥ hrinz an o o This part of the report is of specfal interest to Washington, a< a portion f this amount was invested in loc raction stock and gave rise to the | hints that the company mav some day control the strest car situation | here ciated with optimistic Winter wheat After depre dividends on | ferred. the balane | dividends and sury against $9.227.823 ¢ of $$2.29466%. or o ion and payment per cent Institute Governors to Meet. The hoard of governors of the chapter. American Institute of F ing. will hald a special meeting morrow evening af t ters in Masonic Temnle urday | the membhers of the institnte will he | the ghests of A. W. Hill. director of the Bureau of Printing and F» | Eraving. according 1o an announce- ment hv R. Jesse Chaney. president |of the chapter. The visitors will he |taken over the great estahlishment and shown the processes hv which [ money iz mannufactured. Arrange- i | ments for this visit were made hy F. 1J. MeQuade. Patrons Receive Rooklef. The Washingion Loan and Trust (0. s mailing 10 patrons a pamphle containing excerpts from lectures hy Herbert T. Davis, anditor of the Supreme Caurt of the District of (n- lumbia. who recently has given a of lectures an trust estates, and banking. eontracts, tions—a hanks por f Railroads Make Good Showing Railroads running out of Washing ton and other Southern lines had 1« markable suceess in cutting iheir operating costs last vear. It has fust developed some of the best records in operating eficiency wers made hyv the Norfolk and Western, Chesapeake and Ohio, Southern and Atlantie Coast Line. 1In the order named, the Nor {folk and Western, Atlantic Coast | Line, Southern ard Chesapeake and | Ohio are also ciose to the top of 1he list of roads with their equipment in i the hest condition. In an analys . Pomeroy & | ed earnings for the vear 1 W that these roads have ear approximately the following amounts on common stoc! Atlantic Coast Line, $2 peake and Ohio, $2 Norfolk and Western, $19.02: Southern Rallway, $16.31. The Seahoard Alr stands | fourth in the list of railroads which are eompared in regard to the | condition of their equipment. Thrift Spreads in Schools. Last vear the number of reportinz school savings systems in the Tnited States increased from 683, In 742 dis tricts, to 760, In 1357 districts, the number of schools from 9,080 to 10.16 the number of pupils participatin from 6.326 to 2,560, deposit« trom $14.991.535 to $16,961.560 and the bank balances from $20,435,144 to $25.013.431. The last report from the Washi ton public schools showed that | school children here had saved mor. money than during the previous year and were taking more and more inter- |est in this educational thrift plan. {® “Dividend Not Shared Here. | Tnquiry in the local financial district failed to reveal whether there are any holders of stock of the Singer Manu. factiring Co. in Washington. This i the stock on which a dividend of $33.50 per share was declared a few days ago. This was in addition to the regu- lar quarterly distribution of $2.50 par share. Both dividends are payable on March 31. The stock is very closely held. | "The company has a record of large dividend payments, one of 100 per cent {having been paid in 1899, and others lof varyvinz amounts, but usnally suh atantial, on frequent occasjons since then. Line