Evening Star Newspaper, April 3, 1926, Page 14

STOCKS RRECULA - EQUIPMENTS GA Public Utility Shares shOW Ahumada (t1) Some Strength in Short Session Today. BY STUART P. WE; Special Dispatch to The Star NEW YORK, April 3 today’s two-hour mixture of advance Same of the public utility shar auite strong, Philadelphla ¢ niarly. International Me vine preferred had a very up-and so did Baldwin in ntile harp run Locomotive. Fluctuations ssion involved and declines. es were partic- Ma The pressure had evidently been lift ed from the equipment nearly all of them rall; shares were inclined to This was ascribed to short cov- and ng rather than to fresh buving The real market positiol n_ was shown by the action of United States Steel, which held just above that is, unchs final, practically day al prices advanced it was the res short covering, and there were plenty | among of offsetting declines high-priced industrials of the sears-Roebuck, t Department Stores. Ward B" rallied sharply. For which has been so active, Motors did extraordinarily litt Woolworth and a 1 wged from the Thurs Where it of the type of N Baking stock General le. Markets at a Glance NEW YORK (#) selling of mercantile Ronds. vance. oreisn Relgian francs rally coffee, holiday exchangs Cotto heavy sues renewed. mixed; public utility liens ad steady sugar, PRODUCTION OF RAILS. 2.785.257 Tons U. S. Output in 1925, It Is Calculated. NEW YORK, April 2 (®). tinn of rails in the United 1925 is calculated at’ 2,785,25 Produc- tates in T gross 1one by the American Iron and. Steel Institute, 1ons in raile rolled compared Wwith 1924. 1In addition the total 2.433,332 to includes new rails yerolled from defective rails and from The against old rajls total tons. rerolled 121,508 the year was Pennsylvania produced 705.- ns of rails in the with 701,092 tons in DAIRY PRODUCTS. BALTIMORE, Young chickens, pound, ers. 48a55: Winter chickens, oid hens, 27a31: Leghorns. roosters, 20: capons. #36; pigeons. pair each. 35a85. Eggs—Receipts, 378 ca and nearby firsts, fresh. fered 301,a30;. duck eggs. goose eggs. H0as0. Butter—Good to fancy pound, 40a421z. prints, 43a45 31a36; store packed, 33; dairy 32a35. process butter, 3%ad0 32a35. 40: ses DRY GOODS QUIET Bpeeial Dispatch to The Star vear. 192 com April 3 (Special).— 1 Pt 75240; Spring. | Brown Shoe (2).. 4550 27a28: 40a45; ducks. guinea fowls native dozen 35a40; creamery, ladles, prints, ;. rolls, NEW YORK, April 3.—Trading in cotton cloths was only nominal today, with 73 cents quoted for 64-60 print cloths and 87 cents for 68- s. Raw silk was dull and unchanged. BUTZER IS HIGHER. AGO, April 3 (@) —Butter— | cpy i) & StP pf. 11,474 tubs; cream-| SMigStP pf cfs. standards, 4032 3915a10; fi 36%a37}s. receipts ary firsts, |N | Abrahma&Straus. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office High 44 Oven 44 | Adams Exp (6) { Advance Rumley | Ad Rumley pr(3) 113 51 8 1% 10t 113% 83 26 21% 1% 34 79 21% 116% 31% 861 1“ 96 231, 8R3, 6 114% Air Reductn(15) . Ajax Rubler. ... Aliled Chem (4). Allis Chalm (6).. Amerada Corpn. . Am Agrieul Chm AW Agri Ch pf. . Am Rani N 1.60 Am Beet S pf(7) Am Bosch. ...... Am Brake Sh (8) AmBrBovEI(2). Am: Br Bo nt AmCan (2)..... Am Car& Fdy (6) Chatn A'(2) 4m Chicle Am Drug. . 5 Am Express (6) & For Pow. . Am&Fo Pt (T) Am Hide & Lea. . A lce (110) Am Ice pf (6). Am Tnternat! Am La Fr (1). Am Linseed | 4m Loco (8). | Am Metals (4) { Am Radiator (4). Am Safety R (3). Am Ship & Com. . Am Sm & Ref(7) Am Stl Fdys (3). Am Sugar (5). Am Sumatra. ... Am Tel & Tel(9) Am Tobacco (8). Am Tobac B (8) Am Tobac pf (6). Am Wa Wo 11.20 Am Woolen Am Wool pf (T) Am Writ Pa pf Am Zine Khaconda (3) ArmourDel pf(7) Armou A (D) rmour 111 (B) Arnold Con (n) Asso Dry G(218) Atchison (7) Atchison pf (5) At Birm & At Atl Coast L (+9). ulf& Wi... Ati Gulf & WIpf. Atlantic Refing. . Austin-Nichols. . Baldwin L (T)... Balto & Ohlo(5) Barnet Leather Barnet L pf (V) Barnsdall A (2). Beech-Nut (13) .. ing Bros(3) lethlehem Steel. Beth Stl pf (8) Botany A (4).... Briggs Mfg (3).. Bkin Edison (8). Bkin-Mn Tr (4).. | Bk-Man T pf(6) BkIn Un G(t11). 100 101% 86%= 86% 50 50 102 102 Brunswick Balk. Brunswick Ter. . Burns Bro (10).. Burns Br B (2).. Butte Cop (50¢). Butte&Super(2). Butterick & Calif Pkg (18)... Calif Petrol (2).. Calumt&A(t432) Calume&H (1% ). Can Pacific (10). Leather.... Cent Leather pf. Century RIb (2). Certatn-Teed (4): Chand-Cleve. ... { Chand-Cle pf(4). Ches & Oh (112). Chi & Alton pf Chi & East Il hi & East 111 pf. | Chl Great West. . Chi Gr West pf.. |ChiMII&StP. .. | 1 1 | Chi & Nwn (4) Chi R 1 & Pat |[CR1&PpL (D) 64 cases;|Childs (32.40)... 27%2: stor-|Chile Cop (2%2) .- e packed extras, 30%; storage, firsts, | Chrysler Corp(3) Washington Sto;:k 'Exchange‘ SALES. Capital Traction 5 Washington Rwy 814 Washingt s Elec, ok 10273 g Capital $500 $1,000 at 1 Capital Traction Co.—. 10 31 104310 at 104 Chesapeake & Potomac 00. Potomae Electric Power pfd.—5 1063 . 1 at 108 mat Electric Powe! “hington Bwy. & Elec. pfd Continental Frusi Co.—10 at 100 D' Paper, ptd—o at b Ldlerchants Transfer & Sto 0 at 100 lec. 35— Traction at 0 Tel. pid. Int Washington Gas 6 3100 at 102% 3100 aj 1027 0 e 1.000 at 5. & r. Bs—3500 1007 at104. 5 at 101, 10 at 104% 55—31.000 at 105 etf— at 90 1 at b6 e nid.—5 at Washington Loan & Trust Co.—2 at 450 Bid and Asked Prices. BONDS. PUBLIC UTILITIES, American Tel. & Telga. 18 Amencan Tel. & 7Teiga 475 Fe). & Tel. cti._tr Anacostia & Potomac Bs. Aua- & Potomac guar . & P. Telephone o8 ¢ & P! Teicphone of Va. b5 Canttal Traction R City & Suburban o8 Grorgetown Gas st Potomac Elec Potomac E A Wash | Alex. & Mi Waeh . Balt. & Annapdlis bs Washington Gas bs Washington Gas Wash. Rwy. & E Wash Rwy. & MISC Mg h ¢ Paper 3 Bis. B8 . Vot at Stk Southern Bldg. 6las . Wash. Mkt. Cold Storage 5s.. STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga 13 &abita Traction 103 Wakhington. Gas Norfolk & Wash Pot. Elec. Po Pot. El;{‘ PD: :_V;l Wah. Ry oc. Wamn: Rws. & Eiec. ofd NATIONAL BANK. capital National ARt PG Srepes Farmers & Mechanice Vederal-American ¥ederal-American Rights oty RUST COMPANY merican Security & Trust..*d 'Afln!\nemfl Trust Natiopal Savinge & 1 mon Trust Wash. Loan & Trust.. SAVINS e & Savini &€ Sisamboar Comme: Fast Was rity Sav. Sevanth Street Taited States & Whashington Mechanics FIRE INSURANCE. om ¥iremen & ) National Union TITLE N Colymbia Title.. . . Real Estate Titie MISCELLANEOUS. D. ¢ Paper pfd... ;. T rage Did : e Rants Tran. & Storase Merchants’ Tran. & Stor. pid rgenthaler Linotvoe opla's Drug ofd ston Monotype. ity Storage. nton Market “Ex dividend W ~ Asked. 97" 07 ioiig 0% 108 120 101 210 03 KT rysler pfA(8). { Coca Cola (7). i Col Fuel & Tron.. |Coi G & E (2.60). {Col G & Epf (7 Col Carbon (4).. Com Cred (2).- Com Crpf B | Congoleum-2 { Consol Cigar i Consol Distribut. Consol Gas (5). - Consol Textile ! Cont Can (16)- .. Cont Can pf (T} Cont Insur (8). .. Cont Mot (80¢).. Corn Prod (2).- Coty Inc (4) Cructble St (5).. { Crucible pf (1) Cuba Cane Sugar Cuba Cane Su pf. | Cuba Co (4)... .. {Cuban Am S (2). | Cudahy Pkg (7). | Cushman's (8)... Davison Chern..... Doere&Co pf (5). | Del & Hud (3) Del L & Wn (! Dodge pf (7). .. Bome Mines (2). Dupont (10. Bupont deb (6) Duquesne pf (7). gastman (18) Eaton Axle (3). Ellenlohgl Bro. Electric Boat. Elec Powr & Lt Elec Sto Bat(i6). | Emmerson B pf. End John (5). ErieRR.....- Krie 1st pf Erie2d pf. 33 | ureka vac (1. 46 Famous Pl (8).. 119% Famous pf (8).. 119% FedLight(*1.40) 30% Fed Min pf (D).. 72 Frst NP 1sti9.44 98% Frst Nat S(1%).. 35 Fisher Body (). 91 Fisk Rubber...... FiskR1stpfs Fleischman(2) Fox Film A (4) | Freeport-Texas. . | Gabriel Sn(t3%) Gardner Motor Gen Am Tk (3). Gen Asphalt. ... Gen Asph pf.(5) Gen Cign (4). Gen Elec (112) .. Gen Elec sp(60c) Gen Mot (112)... Gen Mot pf (7) Gen Outdr Adv Gen Outdr A (4). Gen Petrm (3) ... GenRySig(14%)- Gimbel Bros. ... Gimbel Br pf (7). Glidden (2)..- Gold Dust....... 444 Goodrich Ru (4). 58’ Goodyear pf (7). 1024 Gothm S H(21%). 36k Gould Cou (2) ... Granby Consol. .. Grt North pf (5). Gt Nor Ore (1%) Grt Wstn Su (8). Gulf Mo & Nor. Guif States S (3) | Hartman (2%). . Hayes W (13%). Hoe & Co A Houston Ol 25 364 . 62 101 49% 306 1% 120 115 29% 52 60 66 4978 105 20 100 100% Low. Close. 44 a4 100% 100'a 1% 51 8% 111% 10% » 111% 81 25% 215 112% 20 91 10% 116% 83 87 13"y 19% 10 15% 147, 674 43% 964 6314 3218 B4% 974 | 140 o 304 T 113% 631 31 25% 17 52 2% 30 72 90 17 80 3% 60% | 28% 58% 43% 61 101 * A 304% 1% 119% 115 20% b2 594% 66 50 . 105% 20% 45% 55% | 102 861 184% 19% 2% 23 957% 270 s 281 384 5 ' Open Hudson Mot (3). Hupp Mot (1)-.. | Thiinots Cen (7). | Indep O11 (1).. | Indtan Moter (2). Indlan Refining . . | Indian Refg ctfs. | Insptration (2).. i Interurh Rap Tr. | Intcontal Rubber Internat Aeri. .. Int Bus Ma (3) Int Cement (4) Int Com Eng (2) Int Harveser Inter Har pf (7). (nt)Mteh pf(3.20) . Int Mer Marine. Int Mer Mar pf. . Int Nickel (2) Int Paper Intl Paper pf (7). ewel Tea. . Jordon Mot (3). . KCP & L 1st (7) | Celiy-Spring. . sey Wh (6) Kennecott (4) Kinney pf (8) Kresge 85(1.20). Kresge Dept S. .. Lee Tire & Rub.. Leh&Fink etf(3) sett & M (74) Lig & My B (14) Lig & M pf (7) Lima Loco (4). Loews Inc (2) LoEt. ... Lorillard(3). Louistana Oil. .. LoulsGasA (1.75 Louls & Nsh (6). Ludlum 2). KT 18t ( Macy HR & Co. . Magma Cop (3) Man El Sup(4%) an El gtafds). Man Shirt (113) Maracaiho Ofl. A et St prior rland OI1 (4) May Dept St (5) MetroG pf(1.89). Mexican Seabd. Miam! Cop (1)... Aid-Continent. . . Middle States. . Minn & St Louls MStP & SSM pf. Mts Kan & Tex. MoK & T pf (8). Missour! Pactfic. Missour} Tac pf Montana Pow (5) Montgom Ward.. Moon Mot (3) Mors & Esx(3 Mothr Lode(75¢) Mo Plcture(114) Motor Met (3.60) . Motor Wh (2). Mullins Body, Munsingwr (3) . Murray Body. Nash Motors. ... Nash & Chat (7) Nat Acme (sta).. Nat Biscult (14). Nat Cash Rez(3) Nat Cloak & Sult Nat Datry (3)... Nat Dpt Stores. . Nat Pw&Lt(40¢) Nat Ry Mex 2d.. Nat Supply (3).. at Tea (4). NY Alr Brake(? YC & StL(111). NYC&StL pt (6). NY NH & Hart. . NY State Rys pf Niag F pf (1%).. Norfk & Wn(18). North A (B3.40). North Am pf(3). North Pac (5). Norwalk (1.60).. Omnibus. ....... Orpheum pf (8). Otis Elevator(6). Otls Steel Otis Steel p! OutletCo.".. .. |Owens Bot (14). | Pac 011 (3) | Packard Mot (2). | Paige Mot(1.80). Pan-Am (6)..... |Pan-Am B (6)... | Pan-AmWnB(2). | Panhandle | Pathe Bx (Toc). | Penick & Ford. . | Pennsy RR (3).. | Penn-Seab Stee!. | Peoples Gas (5). | PhilaCo (4)..... |Phila& RC&I.. 1ip Morris. ... qillips Pet (3).. Plerce-Arrow. Plerce Ofl. Pierce Petro! Pitts Coal pf. ... PIttUt pf(1.20). PitUpflfctntl.20. PittsUpf n(1.20). Pitts & West Va. Postum (4.40)... Press Steel Car.. Prod & Refiner: Pub Ser N J (5) PubSeEPo pf(7). Puliman Co (8). Punta Aleg Sug. Pure Ol (12)... Radio Corpof A. Raulio C pf (3%). Rwy St1 Spr (4). TRay Cons Cop Reading (4)..... Reid Ice Cm (3). Remington Type. Replogie Steel. . . Rep Iron & Steei. Reynolds Spngs. Rey Tobac B (4). Royal Du(al.33). Safety Cable (4). St Joseph L(13). StL & SanFr (7). St L Southwest. . StL Swn pf (5). Seabd Afr L pf. . Seagrave (1.20) Sears-Roebk (6). Sears-Rn (2%%). Seneca Copper Shell Un (1.40).. Shell Un pf (6).. Simmons(12.25) . Simms Pet (1) Sinclalr O11. Sinclalr pt (8) Skelly Ol (2)... Sou Dairles B South Pac (6). .. Southern Ry (7). ! South Ry pf (3). Spear & Co...... Spear & Co pt(7). Spicer Mfg...... Std Gas & Eil (3). Std G & El pf(4). Std M1l (3) . % | Std Oil Caltf (2). StdOIINJT (). Std Ol NJ pf (7). Std Plate Glass. . Sterling Pro (4). Stewart War (8). Studebaker (5).. Submarine Boat. | sun 011 (1) Symington Tenn Copper (1). Texas Co (3).... Tex Guif S (10). Tex & Pacific. . ... Tex & Pac C& 0. The Fair (2.40) Third Avenue. .. Tide Water(133). | Timken (14).. { Tobac Prod (7) {Tob Prod A (7). | transcont oIl Underwood (4). Un Bag & Paper. { Un Carbide (5). UnoOll (2).. Utd Cigar 8((2). United Drug (8). Hich 6% 21% 164 24 20% 10% 913 22% 80% 16% 16% 6% 21% 1 144 477 497, 69 10% 161 103 115% 1004 88l 5014 o9 634% 34's 20 18% 5015 1% 4 119% 119% 69% 72 a8 38 16 43% 26 1 478 1% 17% 17 17 i 857 55 13 813 109 109 Low T4t 21% 116'% 28% 20% 10 9% 22% 30% 16% 162 41% 611 1561'% 151% 1. | not participate {of contidence in the FOREIGN BONDLIST Upward Reaction Moderate. General Trend of Mar- ket Is Upward. SORGE T. HUGHE al Dispatch to The Star. NEW YORK. il 3.—Further moderate recovery in French and Belgian bonds marked the course of trading in today's market. ‘The up- ward reaction in the French issues were confined. to the direct obhga- tions of the central government and 1o the Seine 7s. French Cities 6s in the Belgian group all the active obligations were higher the close of Thurs BY tone was distinctly heavy. Poland 8s fluctuated over a wide range, differ- ences of almost a_point occurring be- tween sales. Drobably the buying in the French and Belgian group was more in the nature of a reaction after large decline than any restoration ench financial ituation. The domestic list was mostly firm. Prime investment bonds were in de. mand and some of them had fractional advances. Southern Pacific refunding 45 were up a half point and others in this class in demand included Balti- more and Ohio first 4s, New York Central 5s, and St. Louls Southwest ern first 4s. Chicago, Burington and Quincy Gs equaled the high of the vear. In the Liberties, the trend was lightly upward peculftive bonds were more irregu- Chicago Railway b8 advanced at one time a point, but later reacted. In the group New Haven convertible . Louis-San Fran- cis income d Seaboard Air Line adjustments_were up So were Erie general 4s. American Sugar 6s sold down to 103. compared with the vear's high of 1047 Sin- clair s were down. but the 6l;s did better. Skegly Oil 6128 went up a point An increase in new financing is ex pected next week. For the Associ- ated Electric Co. an issue of $65,000, 000 convertible 51;s will be offered. This is said to be the largest issue of power and light bonds in history. TENDENCY TO SLOW UP APPEARS IN BUSINESS Fourth Federal Reserve Review Finds Trade Fundamentally Sound Still. By the Associated Pre CLEVELAND, Ohio. April 3.—While business conditions on the whole re main fundamentally sound and the month of March proved satistactory from the business viewpoint. a tend- ency toward a “slowing up” has made its appearance, said the Fourth Fed eral Reserve Monthly, business review, issued vesterday.’ “The present situation appears to be somewhat mixed,” the review said. “Operations in iron and steel in the first part of March were at a high level of capacity, and various other lines, such as automobiles, continued at a high rata of activity in February and early March. “On the other hand, there has heen a steady. though slight, decrease in numerous wholesale prices since Sep- tember, particularly farm products. Such a_decline suggests a narrowing of profit margins in some lines of manufacture and a loss in returns from farm crops. “In the fourth district, at least, some industries. while enjoying a normal volume of husiness, are falling behind the exceptional activity of a vear ago. On the whole, conditions remain fundamentally sound, but a tendency toward a slowing up has made its ap- pearance. Whether this is due to the late Winter or other causes can prob- ably be more accurately determined with the opening of Spring.” WO0L MARKET NOMINAL. Special Dispateh to The Star BOSTON, April 3.—Trading in the wool market was only nominal today owing to the religious holidays. Ohio delaines were quoted at 47 to 48 cen a pound, quarter-blood combing at 45 and three-eights blood a trifle higher than the latter figure. Some Texas new clip has brough $1.15 clean bass. CLOSED FOR H(iLIiJAYS. NEW YORK. April 3 (#).—The Cot- ton, Coffee and Sugar and Rubber and Cocoa Exchanges here are closed today. Special Dispatch to The Star. NEW YORK, April 3.—News York ank clearings, $605,000,000; New York bank balances, $102,00,000; New York Federal Reserve Bank credits, $78.000.000. Utd Fruit (112).. 256% 259 = 256% 259 Utd Paperbd (2). 25 26 26 26 Utd Ry Invest... 24 25 24 24 Utd Ry Invespf. 77 81% 77 81y USCIP&F(10). 170 170 168 170 U S Distributing. 43 48% 43 43% 7S Hoftman (3). 49% 50% 49% 60% SInd Alcohol.. 43 49 49 49 s 54% 53% 5% S Reaity (4).. 54 STiubber...... 66 66 64% 65% S Rub 1st (8).. 105% 105% 105% 106% SSmelt (3%). 43 . 43 4% 42% USSmopt (3%). 48% 48% 48% U S Steel (17)... 122% 1213 121% U S Steel pf (7).. 125% 125% 125% Universal Pipe.. 16% 14 16 Untv Plpe pf (7). 60 60 64% Ul P&LA (2) 30 30 31 30 30% 45% 17% Vanadium (2).. 30 Vick Chemical.. 45% 45% Va-CarCh(m)wi 17% 177 Va-CarCh 6% pf 56% 56% bO% Vivaudou . 28% 287% 29 37% 374 71 18 u U U U u | willys-0d pf(7) . Wabash......... 38 Wabash pf A (5). 70% 7015 Waldorf (1%)... 18 18 Walworth (1.80). 19% 19% 204 Ward Baking A.. 109 109 111 Ward Baking B.. 324 31 34 ward Bak pL (7). 95 245 94ng Warner Bros.... 13% 131 134 W Penn ELA (7). 90% 20 90 West Maryland.. 124 125 12% West Pacific. ... 344 3% B4 West Union (8).. 187 137 137 west A B(17%). 109 109 309 Westinghse (1).. 68% 68 68 Wheel & L Erie.. 2213 20 22y Wheel & LEpL.. 41 u.a White Eagle (2). 26% 26% 26% White Mot (4)... 66 64 6h7 White Mot (rts). 1% TR g White Rock (2). 30 30 81 1% 1% 23 95% 96% Wickwirectfs... 1% lys-Overland. 2274 224 Willy: Hre WoolwthFW (15) 151% 148 149% Worthn Pump. .. 26 26 26 Wright Aero (1).-27 27 27 27 WriglyWm(t4).. 50% 50% 47 50 YelT&C (75¢).. 26% 25% 25 25% Yel Tr&Cpf (7).. 92% 924 91% 81% Youngstown (4). 73's 73% 3% 73% Dividend rates ag given in the above tahle are the annual cash payments based on the iatest _quarterly or nalf vearly declaraions. Unless otherwise noted. extra of special divi: dends are not included. APald this year. no rexular rate, . bar optlonal in’ stock. ~ *Partly stock. —Parlly Pxtra. - §Fa able in preferred stock. fPlus 472 Yn stock mayable 1% auarterly. €Plus 8% in stock vavable 1% % auarterls. [ovows v BONDS ] Received by Private Wire MNvtat te The Star Ofica. UNITED STATES. (Sales are in $1.000.) Sales. High. 16 100 27 100 26 100 27 21024 1024 1024 Lib2d 4%s. 110 100 27 100 2i Lib3%s.... Lib 1st 4 %s Low. Close 5 100 2718 Lib3d 4%s. 102 1018 1015 1018 Lib 4th 41, 219 102 18 102 16 10218 US4s1944. 145 103 29 103 25 103 28 US4%ss2, FOREIGN. Sales. High, Lo Argentine5s. ... Argentine 6s Ju 59. Argentine §s Oct 59 Argentine 6s A . Argentine 63 B. . Argentine 7s... .. Australian b .8 Austria 7s. .. it Bank of Chile 63%s. 'Bank of Japan 6s Belgium 6s. Belglum 61 Belgium 7s. Belgium 71 Belgium 8s Bern 8y Bolivia 8 Bordeaux 6s Rrazil s Brazil 8s Canada 5s 1952 Canada 5%s 1929 Chile 791943 Chile 85 1926 Chile 851941, Chile §5 1946. . Christiania 6s. . . .. Con Pow Japan 7s. Cuba 6% . Czecho 7% re Czecho 85 1951..... Czecho 8s 1952 ct. . Danish Munic 8s A . Danish Munic 8s B Denmark 6s.... ... DETI5%sMch53.. DEIn5s Nov53. Dutch East T 63 47. Dutch East T 6s 62. El Salvador 8s 48.. Finland 7s...... Framerican 7%s French 78.. . French7%s. French 8s... German 7 . Ger Agr Bank 7s Hait! 8 Hungary 6% Italy 7s.. Japanese 4s. ... Japanese 6148 Lyon 6s Marsellle 6. Mexico 4s 10 asntd Netherlands 65 51 Nord 615 3 20 26 o [3] D o e e e EwBmonlan-- RBo~omr~ 2 2 Norway 6s 1943 Norway 6s 1944 Norway 6= 195 Orient Dev deb 63 Paris-Ly-Med 6s. Paris-Ly Med 7= Paris Orleans 7s Peru T14s. . Peru §s. Poland 65 10 Poland 8s Porto Alegre 8s. ... Prague 7% 4 Queensiand 6s. . Queensiand 8. Rio de Jan 8s 1948 Rio de Jan 8s 47.. Rio Gr Do Sul Sao Paulo 1 Saxon (P W) Seine 78 42. Serbs Crot Slo 8s Sweden 548 ct. Sweden 6s. .. Swiss 5143 1946. . Swiss Confed 8s. ... Utd Kingm 5%s 37. Uruguay 8s.... . Zurich 8s. .. =B IR R R - Am Agri Chem 738 27 Am Chain 6s 1 AmSmit& R1st5s 30 AmSmIt& R 6s. 5 Am Sugar ref 6s AmT&Tecltr4 AmT& Tcltrbs.. AmT& T sfbs. Am T & T debbls. Am Water Wks bs.. Anaconda 1st 63 Anaconda cv db 7s. Andes Cop Ts rets. Armour&Co 4138 rf. Armour Del 5125, Assoclated Ol 8s.. . Atlantic Refln 5s. Barnsdall bsctrs. . Bell Tel Pa 58 B Bell Tel Pa 53 C Beth Steel pm 55. Beth Steel rf 55. Beth Steel 5% 53. . Bklyn Ed gen 6s Brier H St 1st 513 Bklyn Union 528 Bush T Bldg 53 60.. Cen Leath 6s 45 cfs. Chile Copper 6s 32.. CinGE5%s62 Col Gas & El bs.. Col Gas & El bs sta. Commonwlth P 6s.. 1 Con Coal Md 1st bs. ConGasN Y5%s.. 1 Consumers Pow bs. Denver Gas 55 Dery (DG) T8 Det Edison ref 6s Donner Steel 7 Duquesne Light Est Cuba Sug 7%s. EmplreG & F 7%s. Fisk Rubber 8s.... Goodrich 6%45. - - Goodyear 8s 1931 Goodyear 58 1941 Fershey 5%48. . . Humble O & R5 18 Tllinots Bell 1st bs. Int Mer Marine 6s. 1 Int Paper 58 47 Int Paper 65. T & T 5%3. Kan CP&L 6s A 52. Kan G & Bl 6s 52 Lackawa S 6850... 1 Laclede G 5852 Liggett & Myers 58 Liggett & Myrs 7s.. Lorillard (P) 88.... Louisv G & E 53 62. Manati Sug sf 7% Mid-Con 6 %s 40 Midvale Steel & 13 Montana Pow 6s... 3 Mor's & Co 18t 4%4s. 10 Nat Tube 1st6s.... 3 New Eng Tel 6s.... 10 N Y Edison fi,“' - 2 “Edison 8% g‘\'( GELH&P4s.. 2 N Y,G E L H&P bs. 13 NYTel 4. 1 NY Tel buil. - 8 North Am . North Am Bd 6%s. 1 Nor States Pow o8- 8 OtisSteel 1%5.:-++ & Ouis Steel 88 s Pac Gas & Bl 53 PacT &T 2-'.55"5- ac T & 1,68 52 e e Tetess 3 Pan-Amer Pete is.. 1 Peoples Gas 58. ..+ Phila Co 6148 38..- 10 {PhilaCoref 68A..+ L ! Public Service 68. .. . Pub Serv Elec68... 1 P ServGasb%s59. 2 P Serv Gas b'as : Funta Alegre 78 2 Sharon St H8s.... Sinclair Oil 86 sinclair O11 6% 15 Sinclair Oil 7 19 Sin Crude Ofl .18 Sin Pipe Line 68 6 Skelly O11 6% . 46 South Bell Tel 58... 2 Southwest Bell 5s. 27 Sug Est Orlent 7s.. 3 Tenn Klec Pow .16 Toledo Edn 18t s.. 4 2 1 8 3 4 2 4 7 6 4 Union Bag & P 65. . United Drug 6: . 1, 8% 98 98 9% 98 . 14.101% 97% 100% 96% 100" B4% 89% 94'4 107% 106% 107 99 83 92 101 104 104% 100 101 107% 1033 9% 10:% 6 100 104'% 97% 102% 104% 9815 M a5 102% i01 98% 102% 102% 95 99 92% 102% 85% 92 98 1% 101% 108% 974 T11104 101 119 984 99 100% 102% 94% 101% 87 108 102% 102% 115% 91 104% 9Tin 108'% 103% 105% 99% 103 10814 9% 101% 100% 106 105% 100% 100% 104% 102 107% 106 105 106 107% 107% 89% 954% 100% 88% 123 102% 102% 98% 105% 108% 1047 106% 87% 9% 97% 929 MISCELLANEOUS. 104 100 100 107% 103 9T 102 99% 104 97 10245 103% 98 91 Close. . CaTv | Winchester A 7141 14 107 30 107 27 10727 100's 5 108% 104% 100 100 103 81 1064 99% 95 87% | Por RL&P 715 16. . 107'% 94 94 108's 105% 102% | St L TM&S R&EG 4. 115 U S Rub 1strf 58 U S Rub7%s . USSteel s f b Utah Pow & Lt 6 Vertientes Sug 7s. . Warner Sug 7841. . West Elec bs. 3""‘ Union estinghouse 7s 1 Willys Ov 6%s 23, g {gg% Wilson & Co 1st 6s. 16 997 1102 Youngstn S& T 6s. 27 102% RAILROAD. Atchlison gen 4s. ... 21‘20 . AtlanticCLcl4s.. 10 9214 AtlanticCL 7s. . 2 107 At & Dan 2d 45 48. B & O Gold 4s B&Ocvilys B&Orefbs. ... B&O1sthsce. B&O 6s B&Orfimp6s.... B&O Sw Div 5s cfs. Bkiyn Manhat 6s. . Buff R & Pitt 4145, . Can Nat 4148 30, . Can Nat 418 64, Canada South 5s. Canad North §1s. . Canad North 7s. . .. Canad Pac deb 4s. Cent of Ga 6s. Cent Pac 1st 55 90 Ches & O cv 4158 Ches & O gn 4745 Chi& Alton 348 ChiB&Q1strt s ChM&ETIgnss. ... Chi Great West 45 CM&StP 4325 M &St P 4s 25 cfy CM&StPevilse CM&SUP zn ;s Chi& NW 61 Chig N w Chi Py 5 ChiRT&Pgn i ChIRT& Prfds ChiTH&S K 5s Chi Union Sta Cht Unfon Sta 6144, Chi& Winden 4s.. CE&WI6%4s6s... . CCC&StLrf6s A, Cleve Term = Cleve Term 5% s C&S1st4s29 Cuba R R5 2 Cuba N R 6566. . Del & Hud 1st rf 45 Den & Rio G cn 4s. . D& Rio G imp 5% D Rio G West 5a. Det United 43s. . Frie gen 4s. . Erle conv4s A. Frle convext7s Fla B C 6a 4. Gr Trunk sf dh Grand Trunk 7 Great North 5= Great North 5 Gir North een 7s Hud & Man ref 5s. . Hud & Manaf 5s 111 Central ref 4 11 Con 4s 53 111 Central 514s .. T-C-C StL&ANO 55 Int Rap Tranfs.. .. Int Rap Tr 58 stpd. nt Ran Tran 7s Int & G Nor 1st 65. . Tnt & G Nor af 6s.. Kan City Ft S4s. ., Kansas Clty S 5« Kan City Term 4. Lake Shore 4228 .. Take Shore ds 31 Lehizh Val 5= 2003, Louls & N unf fs Louls & N'5s R Touls & Nash 7s Man Ry 1stan. ., Market St 7g 40. . MBI Ry & Lb5s. .. M St P& SSMen (s MStP&SSM5s3setd M St P& SSM 5145, MK&TisB. MK & T adj6s. MK&TprinssA MK&T6sC...... Mo Pacific ren 4. MoPac6s4am, | Mo Pac 6555 . . Nassan E Ry 4s 57 NOTex& Minss. . NOTex&M6sB.. NOT&M5t%s... . N Y Cengen3iis. | N T Cent deh NYCentrise Y Cent LScl3tss NY C & St L dh 4« NYChi&StL 51 NYChI&SIL 51 B NYC&StL6sA.. 9 93 92 4 96 2 99 2 93 - 4101% 3 112 9% 112 102 102 90% 9215 95 103 994, 93 89 034 81% 99! 98% b6 106 1 8%y 913 961 9214 690 : 107% 1 107 1 995 1041 s 78 M7y 86 103 100° 3 66le 89'5 65% e ¥ B AN PR E TN A RS BT S B 0 s New Havencd 6 Y W& Bosdiis. . orthern Pac 3s Northern Pac Northern Pacr | 65 Ore & Calif 18t 5 Ore Short I, rfs 4s. Ore Wash 1st rf 4s. Pennsylcon 415« Pennsyl gen 5a Pennsyl gen 414 Pennsyl 53 64 Pennsyl 6% Pennsyl rold 75 Pere Marg 1st 55 PCC&StL6sB 110% 1 100t 1 @ 10515 97 100% 96% 102 1 75, Reading gen 41s. . RioG W 1st 4s. . Rio G West cl 4s. . RIArk& L 4%s St L IM&S 4529, a5y 0 wSwuwla wownan S wwma StL&SFpldsA.. 105% | St 1, & S F' pr In 58, 110 120% 1004 102% 1024 854 92 9715 1105 101% 103% 97% 104 101 119 931y 99 100% 1024 % 100% 86% 103 102% 102% 115% 91 104% 977 1084% 103% 106% 99% 103 1084 99% 101% 100% 105% 105% 100% 100 104% 1017 | & 107% 105 106 106 107% 107% 89% 95'% 100% 88% 12274 1024% 102% 98% SIL&SF5%sD.. StL&SFadjés... StL&SFinces. .. StL&SFplésC.. StLSW Istds.... SLL'S W con 4s 32. Seab A Lirefds.... Seab A L ad] bs. Seab A L con 6s. Seab All Fla 65 Sou Pac 4s 29 Sou Pacificref ds... 3 Southern Ry gen 4s Sou Ry con 58 94... Sou Ry 65 56. . Southern Ry 6% Sou Ry Mo & O 4 Third Averef 4s Third Ave ad] bs Tol StL& W is.. Tol Tr L&P 635 30. Union Pac 1st 4s. .. Union Pac 4s 27. Union Paccv 6s. . virginia Ry 18t 6s. VaRy &P6s...... Wabash 1st bs. Wabash 5% 75. West Shore 13t 4s. Wilkes & E 1st 5s. . Wisconsin Cent 4s BOSTON STOCK MARKET. 10214 1 93 4 8aY 1024 1 85 9314 98% 93% 9915 8415 dealt in here: = -3 Amoskeag ... .. Arizona Com ... Bingham Mines RBoston & Maine alu_ & Hecla. Careon Hill M Copper Range East Masa pid East Steamishin Edison Tlec ... illette . Hood Rubber. Irlang Creekc - enneco Maine Cent Mohawk Nash_Motor w ;4!" Iefllhl-‘r . Sew Cornelia . New Eng T & T. 0ld. Dominion gmflv Mills uiney Swift & C Torrington nited, Fruit nited Shoe M. . 'm_Shoe M pfd. . EEEEE i 2 o S0 md e S ARRSARRSLRNSS; ) ASHILAnT o oum SROEDILN A & Pt e e ER e TR W .. *® e les. High. Low. Close. 93 9 107% 107% 10 31 105% 105% 105% 957 99% 99t 92% 92% 101% 101% 112 105% 106% 102% 102% 99% 99% 102 102% 90% 92% 106' 107 654 6% $0% 90% | ing quotations unchanged to ha 9615 96% 95 108 102% 1027 1052 1057 99 93 89 984 9% 9% 4 103% 103% 1174 117% 115% 1156% 824 102% 102% 9915 98% 9% 9% [ 104 104% 5% T6% 65 656% 107% 1034 06 98% 91 96 92 87 98 63 07 4 7Y% 974 | 07 1147 1147, | passed 0 s 111 78 3l 86 103 iy 67 a0 1047, 104% 66 91 6 £ €3 a0t o4 g0 [ 10414 10414 1035, 10414 87 10% 00 105'5 10514 97 100% 1001 11215 1123 10714 10715 03 ¢ 100% 100 10745 10714 06 89 1 96 o1 9% 9574 03 93 85% 02 86 93! 0 Tim 92! 23 81 665 66l4 82% 824 BOSTON, April 3.—Following is a of today’s highest, lowest and clos- ing prices for the most active stocks FINANCIAL. IWHEAT HAS SETBACK | | IN DEALINGS TODAY | Exceptional Crop Conditions Factor ! in Selling Movement in Short Session. By the Associated Press. CHICAGO, April 3.—With crop con ditions _exceptionally favorable and with pit speculators selling freely wheat values underwent an early set back today, establishing a new low price record for the September livery. The majority of comm houses lean to the seiling side. as a whole lacked volume, and the market was easily influenced. Open £ cent lower; May (new) 1.55%al.56's and July, '1.33a1331,, were followed by a material decline all around Corn and ocats symoathized with wheat weakness and reflected libera! arrivals of corn here, cars to After opening_unchanged to ', cent higher, May 73%a737%, corn receded all around 1o slightly below Thurs day's finish Oats staried unchanged to up, May 41%. Later all showed a little loss Provisions were weak. influenced by the fact that stocks of lard here show double the increase which was ex pected for the last half of March ‘ BUTTER GOES HIGHER Iy cent months Storm in West Has Effect of Slow- ing Transportation and Cutting Supply. Pr the Associated Press CHICAGO, April markets opened on ay in 7 rather nnsatisfactory position. and only a Yew operators could be found who expressed confidence in the sit uation. The rather unusual snow storm in the Middie West, however which resulted a slowing up transportation, was the factor large Iy responsible for the development of a firm market during the week. Not withstanding the improved tone, sol scattered speculative buying devel o & ' % % % ) demand for consumption purposes, i ! effected a sHght advance in price on all markets, Many of the operators contend that | when the effects of the storm have receipts will be heavier and rkets correspondingly easier. while | others feel that there has been only | a slight delay in arrivals, and the coming of tnese late shipments will e absorbed without a_noticezble ef fect on the condition of the markets, | The bad weather has without a doubt checked the movement of but- ter to the markets to some extent, and the effect of the storm still will be noticeable next week on account of delayed cream deliveries other hand, buying for trade has been a little heavier than normai because of an inclination to take slightly more than actual daily requirements. Dealers are in doubt whether or not demand will continue n '3 L] in arrivals which are anticipated fol lowing the storm. kets for the first three days of the { week under review were lighter than for the corresponding period of week previous. { CHICAGO LIVE STOCK MARKET CHICAGO, April 3 (United States Department of Agriculture).—Hog Receipts, 5.000 head: around average: bulk butchers, 11.2 ity 200 to pounds weizht, 13.20: desirable 180 rounds largely, 13.35a13.75; to pound averages igs, 14.00 down: 1 : shipper: 1.000 hea medium. 11.30a13 a13.85; light light packing. s, 10.40a10.90; . 13.50a14.00. ttle—Receipts. 1.000 pared week ago receipts rply cur- tailed by snowstorm: smallest since last June; better grades of fed steers 5 higher: dull at close; kinds of value to sell at 9.25 downward steady : lower; stockers and feede or 50 to 75 under high {weeks azo; extreme top weigh steers. 10.85; vearlings, 10.75: sever loads of light vearling heifers, 10.00 jshe stock, 25 to 30 lower; canners and cutters sharing decline: bulls slow steady: vealers. 1.30 to 2.00 lower: week’s bulk prices follow: Fed stee 8.50a9.15; fat cows, 5.00a7.00; heiers, 5 and 4.004 kers sorted killing cking sows, 10.40a 500; estimated hold hogs, 11.204 0a13.85; slaughter head: com time three % 50 s and feeders, 7. h Sheep—Receipts, 3,000 head: week around 19,000 direct and from nearby feeding stations; market nomiral:__practically ceipts direct; compared week ago. lambs, 15 to higher; heavies most- Iy 50 up: country demand for shearing lambs narrow all week; these general- ly 50 lowe arling wethers closing strong; fat sheep around 25 higher: week's top prices: Fat lambs, 14.00; shering lambs, 13 ariings weth ers in load lot: ; fat ewes, 5 e % Y% i % et £ BALTIMORE PRODUCE. BALTIM@RE, April (Special). Potatoes, white, 100 Ibs., 2.00a5.00: paragus, doz., 3.00a7.50 B 3.00a5.00; bage, hamper, &00a: sweet potatoes, bbl.. 2.00a4.75: bbl., 2.00a4.75: carrots cauliflower, te, .1 crate, 2.50a3 cucumber: 6.00a10.00; eggplant, crate, 3. C kale, bbl. 00a2.50: lettuce, basket, 0a4.00; onions, 100 Ibs., 2.50a3.50; oyster plant, 100, 3.0085.00: parsni basket, 50a60; tomatoes, crate, 3.50a 6.50: spinach, bbl, 75a1.00; radishes basket, 3.00a4.00ffi turnips, basket, 30a 40; apples, bbl.. 2.0085.00: bushel, T5a L3 grapefruit, box, 3.00a5:00; or- box,~ 4.00a5.50; strawberries, Kl % % bl 102% 102% 101% 101% 98% 98% 102% 1027 5 1014 101% WEATHER HALTS TRADING. CHICAGO, April 3 (#).—Potatoe Practically no trading or demand, a count of weather: too few sales to quote. Receipts. 90 cars: total United States shipments, ars; nadian. Y% BAR SILVER PRICE. NEW YORK, April 3 (®).—Bar sil ver, £5%: Mexican dol ‘ GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) ld Ger Gt (w In) Rallgli-ll _lflnfl'll\fl l(’!‘fi*:‘% (Quoted Y 18 marks.) Ger Gen Elec 438 pre.war 24.00 2 Gen Gen Elec 4148 1019 s Berlin 4 pre-war Hamb de. i5s & 44 vre.war Hamburg Amer Line Jhn.. North German Lioyd 4%5%. North German Liosd Prussian Consols 3% Krupp bs 1931 Dusseldorf 45 pre-war. Frankfort a-M s pre-w’ Munich 4s pre-wa Badische Anilin. A E G (Ger Ge Commerz and Privat Disconto Gellschaft. adner Bank. 80.00 24.00 Bank - Rank Vienria. Hovden Chemical. x ) Aust A E G (Gey Berlinen Handel: AS RECEIPTS DECLINE; in oped, and this, aided by an improved | active enough to absorb the increase | Receipts of butter at the four mar- | the | on 140 1o 160 | i On the |on his proper consumption | some firs | | | chang | turns i day LOCAL EXCHANGE TRADING IS LIVELY Unusually Large Number of Sales Cover Wide Range of Issues. BY EDWARD C. STONE. on the Wi started off hington Stock very livelv holid issues Traction out at 1001, later to par. Wash vie 4 recorded Railway and F i 5 nged hands in two insactions 102% . There was one transfer in Chesapeake & Potomac Telephone 5 at 100 and the final bond trading took place in Washine ton & which opened at 10 n slumped on two small sal me fraction: Railwa, le selling o ington at ' at the Chpital Traction Co opened 104, advanced on the next sale to 1047, gained another quarter of a j t the close, when two 10-share lots changed hands at 104 Potomac Power pre ferred also gained ground during the session, starting with two transactions at 105% to 106 at the close Washington Railway and Electric preferred, came out on one sale at 90, ict of Columbia Paper istered and of Merchants' Transfer and preferred half a poin bove par. Two stocks wer t being 10 al Trust Co., which nged hands 100, Wash ton Loan and Trust Co. steck sold _the extent of two shares at 450 The new stock of the Mergenthaler Linotype Co. was listed the o e for the flrst time today and t was voted to discontinue trading in the old Mergenthaler stock on April 15 Banker E. J Liberty pre , five Storage sold bank Give Novel Radio Talk McQuade. vice president of the National Bank, and John A { Riordon, cashier of the Bank of Com merce and Savings, snappy dialogue over evening on the subject money. the talk being another in the educational series under the auspi of the American Bankers' Associatior The program was divided into tw parts. The first loan asked is refusec because of poor collateral due to lack of sufficient insurance on prop ife insurance, poor credit record ir the past, unwise real estate invest ments and loose methods in business _In the second part of the progran the man asking the bank for a loan who in this case was Mr. Riordon, re after two years and makes an other plea to borrow meney. MHe has now braced up his business, improved his credit, taken out more insurance and on his life, bought stocks in the place o the worthless ones which he frar of fered as collateral. kept his checking count at a much larger figure and in short, placed all his affairs on a ;c‘l business basis. He has carried t in full the suggestions made by | his banker he was refused a loan the fi 16 he asked for it. The conversation brings out exactly what is happening in every bank ever The customer is very often re fused a loan because his collateral i eaily so. He thinks his <ty is questioned. when it is realls nothing but his busines sagacity. The advantage of consulting a banker or investments iat a person has sub stantial collateral for anv emergency is one of the leading points presented in the dialog While “character ital, capacity lateral” are e four big “'s" the con versation indi people often have me n first.class engaged in =« the radio I of borrowin of wholesale marked this ive weeks de o predom changes, 46 w weel week, yet for 11 cons clines in Dun Of a tc ductions week out of 63 alterations course of the markets a vear was strongly toward lowe: declines ture this week was pression in hide price; aturally affected the and some textiles went though more developing in instances wh %o al levels, w A fea renewed de which nat ur leather trade down again cadiness seems to he hat quarter. In most sale quotations are be low those of a vear agzo, and some of the foodstuffs, such as and rve are notably lower the Stocks Weak, Business Sound Moody's Weekly cial Conditions sa interesting features are the spead with which this downward move- ment has progressed and the com- plete imnotence of the honuses and extra dividends which were so stimu- lating to the market a few months ago. “The late overextension of Wall Street commitments and the feverish Tling out by pools and speculators count for the rapidity of the de- cline. Our industries and our na tiona) and corporate finances are in a sound condition Money rates are likely to deeline beginninz almost immediately, and before the Summer is over we may witness 4 per cent time monev ani 315 per cent call monev.” Credit Demands Increase. Review of Finan- in part: “Twe Increased Spring were made evident in the Richmond Federal Reserve statement for this district for the last week in March, revealing an increase of £3.033.000 in total bills discounted by member banks. Total rediscounts shown in the statement as of Mare 31 were $45.387,000, against $ 54,000 the week before. This substantially above the volume of discounts dur- ing the corresponding period a vear age, when the total was $34.373.00 Rills bought in the open marke! totaled $10.443.000, against $10.513,- 000 the week before and §12,834.000 year #go. lotal reserves of the Richmond in stitution declined $1,676.000, 10 $96 262.000. Note circulation was re duced § 00 and member bank de posists $497.000. In consequence of the the ratio of total reserves posit and note liabilities was 64.67 per cent, against £6.26 per cent the previous week and 76.52 per cent i year ago. More Cars Available. Class 1 railroads on March 22 had credit _demands variation« to_de- 213,780 surplus freight cars in good repair and immediately. available for service, according to reports filed here today by the carriers with the Ameri- can Railway Association This was an increase of 14,926 car= over the number reported on March 15. Practically no car shortage being reported. Decrease in Failures. of failures this week in shows comparing with The number the United Stat slight decrease, 439, 443 last week. A year ago 306 de faults were reported. The reduction this week from the number for last week is wholly in the W and on the Pacific Coast, the smailer totals for those sections a little more than ffsetting a considerable Increase in the South and a smail increase in the East.