Evening Star Newspaper, April 14, 1926, Page 30

TINANCIAL. Volume of Busmess Smaller. | Some Shares Show Sllght Gains. BY STUART P. Special Dispatch to The Sta: NEW YORK April of business on the Stock » was smaller today than yes ay, wih the main price tendency woward slightly lower levels. With the exception of one or two particular groups, where sellirg taking place because of the unfavorable out look for the future of the indusr: concerned, offerings were not he and reflected no change in speculative sentiment. Sugar shares are pressed for and found bids lacking. Punta Alegre was carried down almost 2 points be fore support was encount red. South Porto Rico, despite the fact that it is one of the few protected by the tariff, reacted 4 points. Cuba Cane Sugar, Cuban American preferred and com- mon were offered at prices consider ably below those prevailing at the close yvesterday. The trouble with the 14.—The vol situation right along has been enormous production, which has i ailure of most of the an companies to market their out- a price above the cost of pro- The proposal to lower the iff is said not to meet with ap oval of the President and discus-{ ns along this line met rebuff in the rate yesterday. eel stocks continued to be offered, U selling was vy enough to 0 ange in prices. sell” 119 level most of the ompared with_ the Crucible Steel duectior around the < . where it previous close of 1 was fractionally lower, but others of the group were for the most part neglected. There was nothing in the midweek steel trade reviews to change sentiment toward the steel stocks gen- erally. Production continues at a high | rate, but the street was chiefly con cerned with the declining tendéncy ¢ & number of important basic produc Allied Chemical, selling ex the qua: terly dividend of §4, started in slightly higher, deducting the amount which came off the price, but reacted later. Selling again made itself felt in Gen-! eral Electric and further declines were | leading Baldwin and equipments American registered in shares, like Locomotive. o The decrease in the latest statistics on domestic crude preduction was too slight to be of significance. The mar- ket for oil shares was only slightly changed one way or the other. PROPOSALS' APPROVED. Pennsy Stockholders 0. K. Recom- mendations of Officers. PHILADELPHIA. April 14 ). — Stockholders of the Pennsylvania R: l'oml. at their annual meeting vester- sproved the recommendations of the officers made in the annual report published last week. The recom- mendations included a proposal to Jease the property and franchises of the Pennsylvania, Ohio and Detroit 2 absidiary of the Penn- vivania. s matter will be voted May 27 at the annual election of DAIRY PRODUCTS. BALTIMORE, April 14 (Special).— Live poultry—Young chickens, pound, 30a40; springers, 48a38; win- old hens, 29a34; Leg old rooster e a36 1,163 cases: native Eggs—Receipt dozen, offered at and nearby fi 282281 Butter—Good to fancy creame pound, 40a4l: prints, 41a43: Tladles ; storepacked. 33; dai prints, process butter, 38a39: rolls, DRY GOODS QUIET. NEW YORK. April 14.—The cotton goods market continued quiet today with print cloth quotations unchanged s for 64x60s and 87 cents silk market was auiet. o FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Soms. 1:30 p.m.) ; Asked. Yield, P FEESTSRS S DIVIDENDS. Period. Rate. A.D.T. ot N.J do. i Am. Linseed pf.. do. “pt 5 M o Art: Rurns Bros ccoccooce conp: Latndrics Con. pt June 15 June 15 June 15 ©0 w000 6% pi S Relrw n 2ot 24 o Nw. Corn Cop. a{um. “Collins ‘cc iR Cnemiecal W. Wtch. pr. pf.init *Earnings for 19 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold vaiuc London. vound. A seue, 1. dolla 13 E Rerlin, may Bome. lra. .. frane L¥fens. drac ma cro s Budapest. crowis Prague. crown Waraaw. zloty Dhagen. ol etwn Slodknoim. NEW YORK, April 14 (#).—Foreign exchange heavy. Quotations®in cents): Great Britain—Demand, 4859-16: ca- bles, 486; 60-day bills on banks, 1811116, France—Demand, 3.41%; ables, 3.42. Italy—Demand, 4.0%; ca- les, 4.02%. mand—Belgium, 3.751; Germany, H ||Ln’|l 40.08; Norway, 2142; : Denmark, : Swit- ; Spain, Greece, 11.50; Czechoslovakia, 9 . 1.76; Austria, 14; Ru- mania, . Argentina, 39.75: Brazil, 13.813; Tokio, 46.50; Shanghai, 72 Montreal, 100.12% erown TREASU'EY CERTIFICATES. (Quotations furnished by Redmond & Co.) NEW YORK "[‘HE EVENING Received by Private Wire Direct to The Star Office TODRFTLOWER . | Adams Exp ). '\dvnm:e Rumley | Ahumada (1) Alr Reductn (t5) | Afax Rubber. ... | Alaska Junea | Allted Chem (4). | Alifed Cm pf (7). | Allis Chalm (6). | Amerada Corpn. | Am Agricul Chm ! Am Agri Ch pf... | ’Am Bank N 1.60. | Am Bk N pf (3). Am Brake Sh (6) Am Beet Sugar. . 1 Am Bosch Am Br Bov EI(2) Am Br Bo pf (7). {AmCan (2)..... Am Can pf ( Am Car&Fdy (6) Am Chain A'(2). Am Chicle Am Chiele ctfs. . Am Drug. sales | Am & For Pow Am Hide & Le: Am Tee (110). Am Internatl AmLa Fr (1). Am Linseed.. ... Am Linsd pf (7). Am Loco (8).... Am Loco pf (7). Am Metals (4).. Am Radiator (4) Am Safety R (3) Am Ship & Com. | Am Sm & Ref(7) AmS&Rpf (7). Am St1Fdys (3). Am Sugar (5) Am Sugar pf ( | Am Sumatra. ... Am Tel & Tel(9) Am Tobacco (8). Am Tobac B (8). Am Tobac pf (6) Am Typ Fdrs(8) Am Wa Wo ¢1.20 Am Woolen. Am Wool pf (7). Am Writ Pa pf.. Am Zine. Anaconda (3). Armour TH A (2) { Armour IlI (B).. Artloom pf (7). . “Atchison pf (5). Atl Birm & At. .. Atl Coast L (19). Atl Gulf & WI.. Atl Gulf & WI pt Atlantic Refing. Atlan Ref pf (7) Austin-Nichols. Baldwin L (7)... Balto & Ohlo(5) . Bang & Ar (3)... Barnsdall A (2). Barnsdall B (2).. Beech-Nut (13).. Belding Bros(3). Bethlehem Steel. Beth St pf (7)... Beth Stlpf (8).. Briggs Mfg (3).. British Empire. . British Emp 2d. . Bkin Edison (8). Bkin-Mn Tr (4).. Bk-Man T pf(6). Bkin Un G(t11 Brown Shoe (2).. Brunswick Ter. . Buf Roch & P(6). Burns Bro (10)... Bur Add Ma (3).. Bush Terminal Butterick. .. Calif Pkg (18). .. Calif Petrol (2).. Callghan Zine. . . Calumt&A (t4%) Calume&H(1%). Can Pacific (10). Case Threshing.. Cent Leather-.. .. Cent Leather Cerre De P (4)... | Certain-Teed (4) Chand-Cleve.... Chand-Cle pf(4). Ches & Oh (112). Chi &.Alton. . Chi & Alton pf. Chi & East Il pf. Chi M1l & StP pf. C Mil & St P ctfs. CMII&SLP pf cfs. CRI&PDL(6). CRI&PDf (7).. Childs (32.40). Chile Cop (2%) Chino Copper-. .. . Chrysler Corp(3) Chrysler pfA(8). Coca Cola (7) Col Fuel & Irol Colo Southern. ColG & B (2.60). Col G & E pf (7). Col Carbon (4)... Com Cred (2).... Com Cred 1st 81;. Com In Tr pf 6%. Com Solv A (4).. Com Solv B Congoleum-N. Consol Cigar.... { Consol Distribut. | Consol Gas (5) Consol Textil Cont Can (16) . Cruclble Stl (n). . 7 | Cuba Cane Sugar. ) | Cuba Cane Su pt. Cuba Co (4). Cuban Am 8 (2). Cudshy Pkg (7). Cushman’s (8)... Davison Chem. .. Del & Hud (9). Del L & Wn (17). Detroit Ed (8)... Dodge Bros Cl A. Dodge pf (1) Dome Mines (2). Dupont deb Duquesne pf (7). Eastman (18).... Eaton Axle (2) Eisenlohr & Bro. £1 Auto L(16%). | Blectric Boat. ... | Elec Powr & Lt. . Elec P& L pf(7) Elec Sto Bat(16) Erie 26U pE---- Erfe 2d pf. Fairbanks (3)... Famous P1(8).. FedLight(*1.40) Fed Min pf (7). ! Frst Nat 5\1’/‘) | Fisher Body (5. Fisk Rubbe: 2 FiskR1stpfe(7). i‘lomhmnn(:) Foundation (8).. Fox Film A (4).. Freeport-Texas. . ' |Gabriel Sn(13%) Gardner Motor. . Gen Am Tnk (3). Asphalt. Gen Asph pf TON Gen Cigars (4).. Gen Elec (c8)... Gen Elec sp(80¢) Gen Gas A(e1%) Gen Gas pf B (1) Gen Mot (112)... Gen Mot pf (7) Gen Outdr Adv Gen Outdr A (4). Gen Petrm (3)... GenRySIg(14%). Gen Ry Spf (6). %" | Gimbel Bros. . . Gimbel Br pf (1) Glidden (2)... Oven. High. Low. Close. 5% 5% 105 11 84 110% l‘m 113% 120 81% 26t 19% 105 18 94% 24% 38% 36% 5% 50 109% 431 10% 117% 114 41% 664 . 101 11% 144% 114% 112% 110% 118 ™ 314 Y% 2% % i3 218 10% 188% 85% 374% 109% 116 19% 102 109% 116 19% 102% 86% 88% 26 24% 54 83% 100 116% 27% 1% 6 136% 62% 81 72 324 10 70 128% 8l 21 23% 127% 33% 1% 56% 14% 154% 40% 16 32% 128% 7 15% 9% 16% 674 99% 41% 84% 9% T 82% 20% 33% 100 . 141% 29 74! 1184 645 31 131% 12712 16 50% 2% 91! 664 9% 42 48% 25 841 1% 33% 157Th 136 126% 30% 83 14% Dupont (10 . 199% 113% lfliVn 119 30 2 83% 87 17% 79 37% 101% 68% 23% 33% 7 IIK 1004 B50% 296% 11% 36% 93% 119 114 28% 51% 59 63! 103 48% 105 205 45 IO-) 20% 45 75% 104% 1 11% 36% 93% 115% 114 28% 51% 8% 68 103 48% 106 20% 43% T5% | 104% | 11 8% 110% 120 81% 26 19% 61% 87 Goodrloh Ru (). Goodrichpf (7). 1 GolthH(Z‘fi). IGotham pf (7). .. Gould Cou (2)... Granby Consol Qrt North pf (5). Gt Nor Ore (1%) |G@rt Wstn Su (8). | Green Canan Guantanamo | Gulf Mo & Nor |Gult States S (5) | Hartman (2%).. |Hayes W (1314). |Hoe & CoA...... ‘Hnuimnoll % | Howe Sound (3). | Hudson Man 2 % . Hudson Mot (3). Hupp Mot (1)... Titnote Cen (7). . 11 Cent pf (6)... Indep Ofl (1) Tndian Moter (2). 74 | Ingersoll R (3) Inland St (2%).. Inspiration (2).. *|Interurh Rap Tr Intcontl Rub(1). Internat Agri. .. Int Bus Ma (3).. Tnt Cement (1) n Cement pf (7). Int Com Eng (2) Int Harveser (8) IntMtch pf(3.20) . Int Mer Marine. . Int Mer Mar pt | Int Nicke] (2). Int Paper. ... Int Tel & Tel (6). Intertyve (113). Tewel Tea. Jordon Mot (3). . KCP & L 1st (7). 4 | Kan City South Kennecott (4). .. Keystore T & R. Kresge S8(1.20). Lee Tire & Rub. . Lehigh Val(3%) Leh&Fink ctf(3) Life Sav (1.60).. Lig & My B (14). Lima Loco (4)... Loews Inc (2). Louislana Ol LouisGasA (1.75) Louls & Nsh (8). Ludlum ¢2) M’CroryB(15.60) Mack Trucks (6’ Mack T 1st (7) Macy HR & Co Magma Cop (3).. Man 1 Sup(4%) Man El gtd (45) . AManila Elec ( Maracalbo O} Market St 24 pf Marland Ol1 (4). Mathleson (4)... May Dept St (5). Maytag (2) 4 Mexican Sea! Miami Cop (1)... AMid-Continent. . " | Mid States Ol ct. Miller R ctfs(2). Mis Kan & Tex. MoK &T pt (8). Missour! Pacifie. Missour T-ac pf. 3 | Montana Pow (5) Montgom Ward. . Moon Mot (3) Mothr Lode(75¢) Motor Met (3.60) . 5 | Motor Whi (2)... . | Mullins Body Murray Body Nash Motors. Nat Biscuit (4) ‘at Cash Reg(3) Nat Cloak & Suit. Nat Dairy (3). Nat Distillers. Nat Distiller: Nat Enamel & Nat Lead (8 Nat Pw&Lt(40¢). Nat Ry Mex 2d... Nat Supply (4) . Nat Tea (4) Nevado Cop (1). Y O Tex & M(7) . NY Alr Brake(2) NY Afr BrA (4). NY Canners(e2). NY Central (7).. NYC & StL(t11). NYC&StL pf (6). NY NH & Hart. . NY On & West. NY Rys part cfs. North A (B3.40). North Pac (6)... Norwalk (1.60).. Omnibus. ....... Omnibus pt (8) Oppenheim (3). Otis Elevator(6). Otis Steel....... Owens Bot (14). Pac Oil (3). Packard Mot (2). Paige Mot(1.80). Pan-Am (6).. Pan-Am B (6). Pan-AmWnB(2). Panhandle. . . Panhandle pf Tark & Tiiford. .. Pathe Ex (c3). Penick & Ford. Penn @ & Coke Pennsy RR (3).. Penn-Seab Steel. | Peoplés Gas (). | Pere Marg (18).. Pere M prior(5) . Pere Mar pf (5).. Phila Co (4). Phila& RC&I Phillips Pet (3).. Phoenix pf (7). Plerce-Arrow Pierce-Arrow Pierce Petrol. Pitts Coal pf. Pitts Ter pf (6). PIttUt pf(11.20). PittsUpf n(1.20). PitU pf et nt1.20. Postum (4.40)... Pressed Steel(n) Prod & Refiners. . Pub Ser NJ (5). Pub S NI pf (T). Pullman Co (8). Punta Aleg Su Pure O11 (2) Pure Ol (8) Radio Corp of A. RSTICefs (4). Rwy Stl Spr (4). Ry St1Sp pf (7). Ray Cons Cop(1) | Reading (4)..... Reading rts Reading 2d | Remington Type. Replogle Steel. .. Rep Iron & Steel. Rep1&Spf (7). Reynolds Spngs. % | Rey Tobac B (4). 02/- % 58 100% % 50 50 287% 36% 93% 116% 114 29 51% 68% 68 103 48% 105 20% 43% Robt Rels & Co.. St Josepn L(13). StL & SanPFr (7). StL&SanF pf (6). | St L Southwest. . ‘Savage Arms (4) | Seaboard Air L. i Seabd Alr L of.. | Sears-Rn (2%). { Seneca Copper . | Shell Un pf (8). | Stmmons(12.25) . |Simms Pet (1)... Sloss Sheft (6)... South Port S (6) . Sou Dairles A(4) Sou Dairies B. | South Pac (6) !Southern Ry (7). | Spear & Co. lEplcer Mfg. StdGas& Bl.(3). Oven. High. 55% 99 35% 99% 18 cme sm I’W. % 224 90 | 621 20% 117% 117% 22% T ! the mar 5 16\- 41 60 102% 431 116 571 9% | 874 84% 48 116% 86% | r.m 173 £5 26 T 2 13% 23% 121 3¢ 79% 107 . | Building 124 127% 1201 | 39, 59% 17 9014 2 9% | 58% 534 a 18% | 62% 624 | 38K 9 3 50% 184l 0% | U Pacific p(4) . 51 1% 119 STAR, WASHINGTON, stock Exciance | HEHGRADE BONDS j CONTINUE STRONG U. S. Obligations and Legal Rails Actively Bought ih Trading Today. BY GEORGE T. HUGHES. | Special Dispatch to The Star, NEW YORK, April -Another was ac- companied by further advances in the high-grade investment issues. { Buying of the legal rails was espe- clally impressive. Net changes in i this grade are always small, but the | trend was still distinctly upward and lorders for large blocks were under tood to have been placed just below et, preventing any substan- tial recession. New high records for the year were made by the fourth 41 Liberties, | New York Central 58 and Canadian Pacific 4s. Atchison General 4s and | Pennsylvanin general 41¢x equaled i their previous highs. Spectal’ buying appeared in all the Baltimore and | Ohio obligations, the first 4s advanc ing nearly a point. Baltimore and | Ohlo first 5s and Baltimore and Ohio ;\m.nm stern 58 were very strong. ocal tractions continued to be the i speculative leaders. Buying was very { confident in the Interboro bonds and 5. the 6 per cent notes gaining arly a point. New York Railw were equally In demand at an ad- | vance of about a point. Third Av nue adjustments and Manhattan Rail way 45 went up with the others. ¢ | Ther active trading in Hudson nd Manhattan incomes, but not much e in the price. ome of the Cuban sugar bonds sold slightly, but offerings were not ¢ list the Mis- soudl. Pacific iasues ware active, frac. Iy higher. i Features in the foreign group were the Brazil bonds and Sweden 6s. Bra- zil 8 got up to 103, within a point of the record high, and Brazil 78 were actively bought. The Sweden issues advanced on investment buying. The new $6,000,000 Department of the An- tioquia. Colombia, 20-year 7s, offered at 9114, were heavily oversubscribed. { Bonds " will be retired by the sinking {fund by drawings at par. The yield varies according to the time a bond is led, the range being from 21.08 per cent if called at the first possible date, January 1, 1927, to 7.87 if al- |lfl\\fi| to run to matur — HARDWARE PRICES FIRM. Trade Outlook Is Optimistic. With Current Business Fair. NEW YORK, April 14 (Special).—In its weekly hardware market sum- mary Hardware Age will say tomor- Loff b | “Hardware prices The common generally are belief is that > is not room for important de- | clines from current levels, and that the unseasonable weather is responsi- | Vle for the light current busine | Les retailers and jobbers ed that there is no occasion to wl(l.n\ necessary purchases on a hope that lower pric will develop dur- | ing the Spring. “‘At large the trade is optimistic, believing that a continued stretch {of good se: nal weather will bring fabout a ver marked increased de- mand for all kinds of hardware. programs look good, farm- ers had a satisfactory year and the 1926 agricultural outlook suggests an- { other profitable year for farmers. ,\\ ages and employment are both good. “reight car loadings are heavy, with {an increase predicted in 12 leading $ | industries. | |staG & EIpLo). StaMill (5)..... {sta oil Calif (2). {StaONNJT (1).. 5 )Vu sut !Std Plate Glass.. 7 iSterling Pro (4). 83% 75% .66 | Studebaker (5).. 525 |Submarine Boat. 1% SunOil (11).... 82 | Superior O11 2% 1 | Telautogra (60c). Tenn Copper (1). 1% | Taxas Co (3) - 501 { Tex Gulf 8 (10). 131 | Tex & Pactfic. 50 {Tex& PacC&0O | The Falr (2.40) | Third Avenue | Timken (14) | "Tobac Proa Tob Prod A (7). ‘Transcont Oil | Twin City pf (7). | Underwood (4). |UnBag & Pnner. | Un Carbide (5). {unofl (2).. Un Paeific (10). 97% IOSK 3% 102 54y 39 81 43 145% 8 Un Tank Car(5). 89 Un Tk Car pf(7). 115% Tcd Al St1 (50c). 30 Utd Cigar 8 (c2). 90% 1 Un Cig St pf (7). 119 | United Drug (8). 189% Utd Fruit (112).. 250% Utd Paperbd (2). 26 Utd Ry Inves pf. 83 U S CIP&F(10). 166% U 8 Distributing. 5 T S Hoffman (3). U S Ind Alcohol. . *|USRealty (4).. 764 | 105% U S Rubber. . U S Rub 1st (8).. U S Smelt (3%). U S Steel (17).. 106% 41% 1195 98% 29% | Utah Copper (5),. Util PEL A (e2)- Vanadium (2).. ‘Van Raalte. Va-CarCh (n)w l | Va-CarCh 6% pf 58% | va-CarCh 7% pt 96% ‘ar Chem B. . 1 885 1% 17% 99 29% h . ‘Wabash pf A (5) Waldorf (1%).. ‘Walworth (1.80) ‘Ward Baking B. . ‘Ward Bak pf (7). Warner Bros. ‘Warren Bros ( Weber (4)...... West P Po pf (6) West Maryland. . ‘West Md 2d pf... West Pacific. West AB(17%). llfl“ Westipghse (4). Weston Elec. 16 ‘Wheel & L Erie. 21% t 26% 3% 29 1% Willys-Overland. 24% Willys Od pf(7). 956% ‘WoelwthFW (15) 145 Worthtn A (7). 8 ‘Wright Aero (l) 26% Wrig Wm(t4)... B0 Yale&Town(t5). 62 Yel T&C (75¢)... 24% Youngstown (4). 72 iven in the e L T quarterly or half yearl nlen ‘otherwise n%l:g ‘extra or special di 28 "Rot ol =|'s;'mme i ::u 3" oo ” " stock pay: el uulmrl.v in sock ay s |Czecho 85 1952 et..... " Asax Rubber 85 D. C, 'WEDNESDAY, UNITED STATES. (Sales are In $1,000.) Sales, High. Low. Close. Lib3%s.... 56 100 28 100 26 100 26 Libiatdgs 810214 10212 102 14 L1-204%s. 62 102 10128 102 Lib2a 4%4s. 148 10028 10026 100 23 Lib3d 43s. 202 101 12 101 10 10112 Lib4th 41,5 194 102 24 102 23 10223 US3%s... 204 10022 100 19 100 21 US4s1944. 42 10381 10326 103 2¢ US4%s52. 121 10731 10729 10729 FORE"; High. Low. Close. 83 88 98%, 9 Argentine 55 APRIL 14, 1926.' ! Remingtn Arms 6s. 1 Rep Iron & Steel 5. 1 99 99 Saks & Co sf 19 110% 110% 17 106% 106 89% 6% 8inCrude Oil 6s. ... 8in Pipe Line 6s. Skelly Ol1 6%s. ... So Por Rico Sug 7s. Southwest Bell 68. Sug Est Orlent 7 ‘Tenn Elec Pow ‘Toledo Edn 1st Union Bag & P’ 6s. . s | United Drug 6s 99% 98% 2 101% Argentine 6s A, Argentine 6s B. Argentine 7s. Bank of Japan 6 Bank of Chile 6% Belgium Belgium Canada 5s 1931, Canada 651952 ... Canada 635 1929. .. Chile 7s 1943 Chile 85 1926 Chile 85 1941 Chinese Gov Ry 6 Christiania 6s. . Con Pow Japan 7s. . Copenhagen 5% wZanmne @ @ roampa~ aBoe 101% 101 Danish Munic8s B. 1 111% Denmark 6 DEI&Y%s atch East T 65 47. utch East I 6s 62 F1 Salvador 85 48 . Finland s f 63 45. Finland 7s. . . Framerican 7% man E1 D l‘&l German 7s ] Holland Amer 6%s. Hungary 6% @ Mexico 4= 04 asntd. Mexico 4s 10 asntd . Mexico 5« assented. Montevidio 7. ... Netherlands 65 G4. Netherlands 6s 72. Nord 6%s. @ ' wSRamaSatwonae Norway 6s 195 Orient Dev deb Paris-Ly-Med 6: Paris-Ly Med 7s... Paris Orleans 7s. Peru T4s Peru s Poland 65 40. Poland 8s. . Prague T%s | R1o de Rto de Jan 8s 47.. Rio Gr Do Sul 8s. Sao Paulo City & Sao Paulo 85 1936 Sao Paulo 1950. Saxon (P W) 78 Seine 78 42. .. Serbs Crot Slo 8s. Sweden 5%sct. Toho Elec inor2 1 Utd Kingm 5%s 29. 17 Utd Kingm 6%s 37. 44 106 104% Utd Steam Copen 6s 4 93 92% Uruguay 8s. 4109 108% MISCELLANEOUS 118% 118% Am Agr Chem 6s. .. Am Agri Chem 7%s Am Chain 6s. g Am Cotton Ol & Am Smlit & R 1st 55 Am Sugar ref 6s... AmT& Tl tr4s AmT& Tl tr5s. AmT&TstEs Am T & Tdeb5is. Am Water Wks 5s.. Anaconda 1st Anaconda cv dI Andes Cop 7s rets. . Armour&Co 41:s 1t Armour Del 5%s. Associated Ol 8s. ... Barnsdall 6sotrs. .. ell Tel Pa 68 B Bell Tel Pa 53 C Beth Steel pm 5s. Beth Steel rf §s Beth Steel 51%s 53 Bethlehem Steel 6s. Bklyn Ed gen bs. ... Bklyn Union 5%5. . Bush T Bldg 5s 60 Calif Pete 6%s..... Cen Leath 6s 45 cfs. Chile Copper 6s 32. Col Gas & El1 5s.... Commonwlth P 6s.. Con Coal Md 1st 5s. ConGasN Y 5%s.. Consumers Pow 6s. Cuba Canecv 7s... Cuba Cane cv 88 Cuban Am Sug 8s Denver Gas 6s. Det Edison 68 Det Tdison ref 6: Dodge w 1 85. Est Cuba Sug 7%s. Empire G & F 73%s. 13 Fisk Rubber 8: Goodyear Goodyear 55 1941. Hershey 5%s. Humble O & 3 5%- 10 Tliinots Bell 1st 55. 9 Indiana Steel 6s... 12 Int Mer Marine 6s. 8 1Int Paper 58 47.. Int Paper 6s. IntT&T6% Kan CP&L 6s A§3. 14 Kan G & F16s62.. 38 I Kelly-Spring 8s. Lacl G ref s 34.... Laclede G 5%s 52 Liggett & Myrs 7s... Lorillard (P) 58, 8 27 4 38 6 6 6 9 0 ) Loulsv G & E 55 53. Manati Sug st 7%s. 1 TS Rub 1st rf 55 %8 U S Steel s f 5 Utah Pow & Lt bs. . Vertientes Sug 7s. Warner Sug 7s 39.. Wa.ner Sug 7s 41. West Elec bs. % | Westn Union | Wi tinghouse 7s. . Winchester A7%s. Youngstn S&T 6s. Ann Arbor 4s . Atchison wen 4s... 28 AtlanticC Lcl4s.. 3 Atlantic C L 1st 4s. 10 Atl & Dan 15t 4348. 6 46 24 B&O1stbsct. B&O6s B&Ort ImD o8 B & O PLEWV B&O Sw Div s cfs. B & O Toledo 4s. Bkiyn Manhat 6s. .. Buff R & Pitt 4%s. Can Nat 4% s 54. Canada South bs. .. Canad North 6%s. . Canad North 7s. ... Canad Pac deb 4s Car Clinch & O 5s. . Central Pacific 4s. . Cent Pac 1st 52 90. . Ches&Ocv4ls Ches & O pn 4128 Ches & O cv 5s. 12¢ 56 #|Chi & Alton 3s. . Chi & Alton 3%s 13 &Qgn 4s 68, CB&Q-N3%s.... CB&Q-Tildiv4s.. CM&StP4s25... 1 |C M &St P 4s 25 cfs 3 CM&StPdh4s. .. CM&StPendsso. CM&StPevaks. CM&SPevd 14 s32cfs CM&StPendts. CM&StPrilssce 14 CM&SP cv s ofs 14 CM&StPEs. .. Ch! Rvs s CRIRT&Prfds ChiTH&SES5s Chi Un Sta 4%s | Cn1 Unlon Sta 5s |Chi & W Ind cn 4s. CEWI5Yn CCC&StLr ;i Cleve Term 5s. .. C&Sist4s? Colo & Sou 4 Cuba R R 5s. Cuba NR6s Del & Hud 1st rf n Del & Hud cv Del & Hud 5‘/_5. - D& Rio G imp 5s. D Rio G West 68 Det United 4%s Eriegen ds.. Erie conv 4s A Erle conv 4s B. Frie conv 4s D. WaRCBs74.. . Gr Trunk sf db 6s. . Grand Trunk 7s Great North 6= Gr North gen 7s. .. Green B & W db B Havana ERL&P T Central ref 4s. 111 Cen 4s 53 31, | T11 Central 514s. .C-C SIL&NO nt Rap Tran 5s... nt Rap Tr 5s stpd. nt Rap Tran 6s. Int Rap Tran 7 Int & G Nor 1st Int & G Nor aj 6s.. 4| Kan City Ft S 4s... Kaneas City S 3s Kansas City S fs Kan City Term 4s. Lake Shore 4s 31 Lehigh Valcn 4s Louis & N uni 4s L& N 41352003, Louls & Nash 5s. Man Ry 1st 90, M{l F1 Ry & L 5 M&StListrfas.. M St P& SSMcn 4s M St P & SSM cn 68 MStP&SSM5s38etd M StP & SSM 518, M K &T 1st s MK&T4sB X \l K& Tadjbs... K&TprinbsA MK&TEsC.. B Mo Pactflc zen 4s. Mo Pac 5= 1965 Mo Pac8s 49D Mo Pac 6s 55 E. Mont Trm ref 5s 41. Nassau E Ry 4s 57 N O Tex & M in 5: NOTex&MGsB.. NOT&MS5%s.... NYCengen3is.. N Y Cent 4s 98 N Y Centribs N Y Cent LS cl 3%4s NYC& St Ldb 4s NYChi&StL 51%sA. & NYChI&StL 5%s B NYC&StL6sA.. New Haven c d 6s. NY Ont W 1st 4s.. N Y Ry aj b= NY Rys 63 65. . NY W & Bos 4%s.. Norfolk & Wen 4s. Northern Pac 3s Northern Pac 4s Northern Pac 5s D. Northern Pac r{ 63 Ore Short L rfs 4s. Ore Wash 1st rf 4s. Pennsyl gen 4%s. .. 9= waS8ua wBwii, 3 5 Pennsyl gold 7s. Peorfa & E Inc 4= Pere Marq 1st 4s 56, Pere Marq 18t 6s. . . PCC&StLGsB76. l” 59% BT% 5 88% 88% nk wuconulncmu.. 1 | N NEW YORK BONDS STOCK EXCHANGE | Raceived by Private Wire Direct to The Star Office. Sales, High. Low. Close. | 84 84 99 110% | 106% | 90 | 954 100% 90 121% { as compared with May. | nnmlwml 33 FINANCIAL. WHEAT SCORES S FRESH! UPTURNS IN VALUE| New Bnymg Ofluts Tendency to React From Steep Advance ' of Yesterday. By the Associated Press. CHICAGO, April 14.—Wheat scored fresh upturns in price today, but new crop deliveries were inclined to lag Many specti- lators seemed disposed to play for a reaction from yesterday's steep ad- vance but new huying on the part of p of wheat to deliver on May contracts here absorbed the surplus offerings quickly and forced the market up- grade. The fact that today’s Liverpool quo- tations reflected fully yesterday's rise of values on this side of the Atlantic was a material strengthening influ- ence. Chicago opening prices, half cent off to % cent up, May, (new), 1.64 to 1.641% and July, 1.38% to 1.39%: were followed b; hulgw that lifted May well above 1. Corn and oats responded to wheat strength. Besides, corn a were meager, 64 cars tos 73% to 73%, the corn m ceded a little, and then ma: erate general advance Oats, started unchanged to % high- er, May 42 to 42%. Later all months showed some improvement Provisions were without any cided change. Wheat— May (new) (oid) de- Close. 164 13s, Low 38 \u Leptember . Oate- Septenbei COTTON CONSUMPTION INCREASED IN MARCH 634,593 Bales of Lint Used, as Against 567,244 During * Month of February. By the Associated Press Cotton consumed totaled 6345 of linte lint and this 8.821 of linters the Census Bur announced Cotton on hand March 31 was held follows: In consuming establish ments, 1, 6 bales of lint 298 of linters, compared with of lint and 174976 of hnm ruary 28 (hi.fl ve: during March ; B baics. o fint and su,.n of linters (-mn[\arwl with 4,744,090 of lint 1 of linters on February and 2, of lint 9 of linters and including 10. v this y ncluding 32,360 of linters. | t vea Cotton spindles active during N compared ith this year and STEEL rnomrcfion DROPS. NEW YORK. April 14 (#)—A drop in production of steel sheets is re ported from the Pittsburgh district resulting from the hesitancy of con- sumers in specifying for shipments. The American Sheet and Tin Plate Co. is operating at T0 per cent capacity in contrast to 80 per recently. JORDAN MOTOR EARNINGS. NEW YORK. April 14 (P).—Jorda: Motor Car Co. earned $1.16 a share 126,000 no par shares in the first quarter of 1926, with net profit of $146,381, after depreciation and other charges, but before Federal taxes. Profit in the corresponding period last year was $203.138 before taxes and depreciation. RUBBER DROPS FURTHER. Special Dispatch to The Star. NEW YORK. April 14.—Crude rub. ber, standard grade, was down other half point at tiie noon quot: today of 491; cents. This compares with 59 cents a menth ago and 43 cents a yed cent ALL DEAI.ERS MEMBERS. NEW YORK. April 14 (®.—pPur chase of 10 seats on the Rubber change of New York at prices varying from $4,500 to $4,700 each, brings to its membership all importers and dealers in crude rubber in New York officials of ‘WOOLS STRONGER. Special Dispatch to The Star BOSTON, April I4—Expansion in buying activities of some mills has d at the moment pulled itable for woolen manufac ture are stronger. B supers are active within the rang 2 cents and a supers at $1 and $1.02. Territory wools are quiet and dealers are curtailin operations in the West, as the mills | did not respond to buying of new clip wool. Domestic fleece wools are offe ed at lower prices. Three-eighths | blood, Ohio combing wool is now avail- able at 46 cents, quarter blood SHORT-TERM SECURITIES. (Quotations furnisheit by Rodmond & Co.) Adiron, P & L. C 65 Alum. Co. of Amer. =SS &S ESEIXZ SES22 S 3 ated ‘Metals \is 1 Fieker Eorp Bs 1025 Goodyear 1. & )i P il @ Great Gulf 0il C. S SenogsStacsoass SRSEE: 3535 PRERRLSTIR W8 == __§~-_-_ S2SESGSSR2ESSE Dilon i €. i Ynien Bl Fgp i xo fon :flfflhfl'.:sa;i Fertbai Tol Tr L&P 6%s30. 20 98% 23d St Ry 58 6: 1 67 Union Pac 1st 4: Union Pac 1strfds. 15 894 894 Virginia Ry 1st5s. 16 1025 Va Ry & P b: 1 98% Wabash 1st 5s. 2 103% Wabash 2d bs. . 51 101% Wabash 5% 11 102% ¢ Marylana is.. 21 69% stern Pacifics. 1 99% 82% it = S=555500. S §538885523555555582352332 S%: SRS evious sellers who were short | rch | of | the exchange an-| .‘! FERETESTE FPETESEE THDINGLIVELIER ON EXCHANGE HERE i ST Price Levels, However, Are Little Changed—Bankers’ Dinner Monday. BY EDWARD (. STONE. Business picked up on the Wash- | ington Stock Exchange today, so far the number of different issues traded in was concerned. Quotations, however, remained at the levels re- cently prevailing, and about equally divided stock and bond divisions. Wiashington Gas 6s opened the bond transactfons at 1033, dropped off on the next sale involving only two $100 bonds, and then advanced to 104 at '!w close. Washington Railway and Electric 43 opened at 817 and gained an eighth of a point when $13,000 worth changed hands in four trans- ions at 82 flat. Capital Traction me out on one sale at par, while W q“m,um Gas s recorded a sale at 100 Stock of the Capital Traction Co. opened at 1043 for 1 10.share loi. Five more sales [fllln\\r‘d at the same figure closed yesterd One transfer of shares of Washington Gas L stock brought 69, off three.q of a point trom yesterday. Washing ton Railway and Electric preferred registered 90% on a small opening sale and then advanced to 91. Both type stocks were out | 10 shares of Lanston sellin While 3 shares of Mergenthale {204, Potomac ferred stood at two' five-share lots. s one bank stock on the hoard tod: four shares of American Security and | Trust going at 390. The newly listed stock of the ' nd Investment Co of Maryland h t to find its firsc buyer. District Bankers to Meet. Addison, jr A today, president »f ion, & ting of the at the luh m connecti ith the annual Spring dinner Mor April H. Pope and Lanier P. airman of the dinner . have arranged for a golf tc ment to be held in the afternoon bhe- fore the dinner. Entries may he made s late as 4 pm It is now expected that the attend- ance will be rge us last year Reports Busi i0od. ness in general is maintaining levels, justifying a con vather than a rampant opt H. Tregoe, executive manager of the Nati ociatior of Credit Men ank debits outside f New York, one of the best business indicators we have, are running high v before at this season of Railway _shipments factory products are of unprecedente volume and now that the coal strike is settled there is virtually no serious unemployment problem in the entire trolled | mism,” iation Elects. quitable Building zetown, one of the anizations of the kind in the held jts annual meeting last 3068 M street N.W. The trict. | night at stockholders were informed that the j condition of the association was pro- I nounced good at the last inspection by United States Treasury officials. Ium.( s were elected as follows: | ch, vice ‘lL treusurer, Rober secretary. The board o directors includes: James M. Burns, Patrick F. John Hadley Doyle, Dr. Robert n. Isaac B. Nord: linger, B. W. Murch, J. Leo Kolh, ¢, > strand and Phillip L Federal Reserve hmderl The 12 Federal re {are in efrect future to nternatiol through of Nations in much the same that the 12 reserve banks now use the gold-settlement fund at Washington was the testimony of Gov. Strong of ihe Federal Reserve Ban of New York, before the House bunk and currency committee, which idering a bill by Representa- trong of Blue Rapids. Kans, to require the Federal reserve au- thorities to use all of their powers to promote u stable general price levet by preventing any inflation or defla- tion, | kers' Loans Reduced. | Rapid reduction in the loans of Fed- | eral Reserve member banks to brokers {ana dealers in securities last month. and an increased demand for loans to | finance current operations of industry | and trade were reported today by the | Federal Reserve Board. Commercial loans have increased from the first of the vear almost to the record level reached in these transactions last Fall. The decline in loans to brokers and - dealers amounted to aloul 000 in the first three months a reduction of more then 40 per cent from the increase in this class of loans last vear. al Distriet Notes. The trpstees of the Mutual Invest | ment Fire Insurance Co. have ele: | Vincent L. Toomey as head of the < stitution. | It is reported tocay that the Treas {ury is planning to reduce § 1 000 Third Liberties outstanding to $ 000,000,000 by July 1, 1928, through | sinking fund purchases. The McC Stores Corporation has declared a dividend of 1 per cent {in common stock on the common {stock. to be paid on June 1 to stock s of record on May 10. D. Boyer, cashier of the ican National Bank, w radio talk in the eds Finan ‘wqu all the speakers, will discuss “The Federal Reserve System.” { An amusing incident occurred in lone of the local banks this morning when a woman tried to cash a check made out to her husband, but not ‘h’lduri?d, ‘When told that it must be indorsed or specially O.K.'d by the bank on which it was drawn, she started a long argument and finally walked out of the bank, using lan guage not highly becoming to a per- fect lady. George Cole Scott, chalrman of the Chesapeake and Ohio minority stock- holders’ committee, announced that his election and that of J. S. Bryan !to the road's directorate will not | necessarily mean that the minority will agree to any new merger plan proj by the Van Sweringens Stockholders in Washington, however consider the move a long step toward harmony. J. A. W. Iglehart & Co. is offering today a new isue of $500,000 firs: mortgage 6 per cent collateral tl‘u!l gold bonds, serles C, of the Securi Bond & Mortgage Co. of Baltimore, at %} par, to yield 6 per cent. BAR SILVEE PRICE. NEW YORK, April 14 (P).—Bar sil- ver, 64%; Mexlcan dollars, 49%.