Evening Star Newspaper, April 24, 1926, Page 14

14 = FINANCIAL. TH STOCK LIST STRONG TRADING LIGHTER Briokerage Advices Bullish, But Market Is Slow—Gen- eral Motors Gain. BY STUART P. WEST. ial Dispateh to The Sta " YORK, Apri Exchange today there was no indication of the market r in either direction dvices were Tor the most but they did not bring much outside respon: The trad was not ve Friday. ‘or a time toward the end of the hour the market looked strong Jlectric had one of its char- S N Stopk pagicular rthing roker part bullish, 24—On the f: It went slightly higher . then dipped off. Bethle- So was Colorado t the sta m Steel was up. and But as a group, the cteel stocks were doing nothing that would have indicated a change in pent toward the steel trade situ adva neral Motors carried the stock well above the result of the highly fa earnings estimates for the er. which led to talk of ends at the next meeting. ble qua ext ivi The market closed strong for the lnstrials, which had been promi nt all day—stocks like General Klectric, General Motor: Allied hemical, Colorado Fuel, and Fisher Body. Markets at a Glance YORK (). — Stocks strong: Electric 19 points. Bonds firm; International Marine 6s 4t new high. Forelgn exchanges mix- sterling strengthened flow to London. Cotton steady ins Texas. Sugar dull and featur Jass. Coffes higher; firm spot market. 1 e PAB,IS- PRICES IRREGULAR. PARIS, April 24 (#).—Prices moved irregularly on the Bourse today. Three per cent rentes, 47 francs 80 centimes. Exchange on London, 144 francs 56 centimes. Five per cent loan, 57 francs 70 centimes. The dol- lar was quoted at 29 francs 72 cen times. NEW General soars run-ups, General Motors bought, some of the ng 1tes eel did not share in ! i Oven. High. Tow. Close. | Adams Exp (6). 115 115 114 114 Advance Rumley 11% 124 11% 12% Ad Rumley pf(3) 51% 52% B61% 52 | Ahumada (t1).. 8% 8% ‘8% 8| Air Reduetn(5) 114 114% 114 114 Ajax Rubber.... 10% 10% 10% 10 | Alited Chem (4). 119 121 118% 120% | [ AlllsChalm (6). 821 83'4 82% 83t Allis Chal pf (7) 109 109 109 109 | Amerada (10¢).. 264 26% 26 264 Am Agricul Chm 21% 21% Am Acri Chpf.. 66% 6 Am Beet Sugar. !' 25% 254 AmBKNDpf (3). 51 & i Am Bosch...... 21% 224 21% 22 | Am Brake Sh (6) 121% 121% 121% 121% | Am BrPovEI(?) 35% 56 35% 36 AmBrBopf(7). 94 85 94 95 | AmCan (2)..... 44% 46% 44% "45%; Am Can nf (7).. 128% 123% 123% 123% Am Car&Fdy (8) 9T% 95 Am C& Fpf (7). 12815 129 Am Express (6). 119% 119% Am & For Pow.. 20% 20% [Am & Fo P pf(7) 90% 90% Am Hide & Lpf. 45% Am Ice (110).... 12374 12! Am Internatl 388, Am La Fr (1)... 13 | Am Linseed..... 814 | Am Linsd pf (7). 78 { Am Loco (8).... 100% 100% | Am Loco nf (7). 119% 119% | Am Metals (4).. 50% 50% Am Radiator (4) 110% 112 Am Republic. 677 67% | Am Safety R (3) 504 501 49 Am Ship & Com. 104 104 ¢ Am Sm & Ref(7) 117 1174 116 117% | Am StIFdys (3). 41% 47% 41% 417 Am StIFY pf(7). 111% 111% 111% 111% | Am Sugar (5).. 684 681 6R8% 68K Am Suzar pf (7). 10215 1021 | Am Sumatra.... 104 104 | Am Tel & Tel(9) 145% 146'% Am Tobacco (8). 115 115 | Am Tobac B (8). 114 114 | Am Wa Wao c1.20 3 62w I Am Woolen. 31 Am Writ Pa pf 3 Anaconda (3). .. 44 { ArmourDel pf(7) 92 92 | Armour 1L A (2) 19 19 | Armour Ill (B).. 9's 9% Bl 8% AssoDry G(21) 41 41 41 41 |Asso0ii(2).... 58 53 63 58 | Atchison (7).... 132 1324 131% 131% | Atchisonpf (5). 98% 98l 98% 98l Atl Birm & At | AtlanticC L t91 | Atl Gulf & WT. Atlantic Refing . Peth Stl pf (7) | Botany A (4). | Bricgs Mtz (3 | BKIn-Mn Tr (4 | Bkin Un G(t11).. Srunswick Balk. 27% 4 | T.oews Inc /2) ¢ | Louistana Oil. Tlinote Cen (7) 111 Cent pf (6) Indep O11 (1).... Indfan Refining. Inland St (2%).. Insptration (2 Interurh Rap Tr Intcontl Rub(1). Internat Agri. .. Int Bus Ma (3). nt Com Eng (2). Int Harveser (68) IntMtch pf(3.20) . Int Mer Mar pf. . Tnt Nickel (2). .. Inter Nick pf(6) Int Paper. Intl Faper pf (7). Int Tel & Tel (6). Jordon Mot (3).. Kan City South. . Kan C So pf (4). Kayser J (3). Kellv-Spring. <ennecott (4). .. eystore T & R. Kresge SS(1.20) . Leh&Fink ctf(3) Life Sav (1.60).. Lig & My B (t4) . Loft Toose-Wiles Loose-W 2d (7). Lorillard(3) LouisGasA (1.75) Louts & Nsh (6). A'CroryR«t5.80) Mack Trucks (6) Mackav pf (4) Macy HR& Co. . Mazma Cop (3).. | Mallt<on & Co. | Man E1 Sup(4%) Man F gtd (d5). Man Shirt (1) Maracatho Oil. ... Marland Of1 (4). Mathfeson (4)... May Dept St (5). Maytag Co. .. Mexican Seaba Miami Cop (1) Mid-Continent Min St P & SSM. Miller R etfs(2). Mis Kan & Tex. . Missour! Pacific. Missourt T-ae pf. | Atlas Powdr (4). 56 56 56 56 Montana Pow(5) | Austin-Nichols. 19% 19% 19% 19% | Montzom Ward.. i M 3).. Baldwin L (7). .. 106% 107% 106% 107% | yroem Mot (1) Balto & Ohlo(5 89K 89% 89% 89 |y o inl ILRLTY Bang & Arpf(7). 100 100 100 100 |30 DCoERL Barnsdall A (2)._ 274 _2T% _27%_27% | \fuliing Body. . Barnsdall B (2).7 25% ~26% ~25% " 25% | murray Body. .. Beech-Nut (13).. 60 60 60 60 Relding Bros(3). 33% 33% 334 3831 |Nash Motors.... Bethlehem Steel. 40% 4214 40% 41% NatAcme (sta). Nat Riscult (4).. Nat Cash Rez(3) Nat Cloak & Suit. Nat Cloak pf (7) Nat Dalry (3)... Nat Dpt Stor DEFICIT IN RESERVE. Kgr?rswfl‘z’x:&; 3';;. ;:. 117 ’{':: :_):::fll’a‘r; 5 NEW YORK, April 24 (P)—The |guf BOC actual condition of the clearing house | Bufne Bro (10). . 1361 1364 banks and trust companies for the |g g 'merminal © 28 287 28 at Fy Mex 1st. . a doficit in reserve of {puttRTTILL - 28 5 o Cevado Cop (1) 50. This is a decrease in e | ButtesSuper(®). 12 12w 10% 12k xn’ru&.\;gfl). 264,680 was reported. Calif Packing(8) 129% 129% 129% 129% | NY Central (7). g Calif Petrol (2).. 34 34% 83% 34% | NYC&StL(t11). llwhan Zine. 1% 1% 1% 1% YC&StL pf (6) RUBBER UP A BIT. { San Pacifio (10). .156% 166% 156% 106X | NY Dock.... ... , i r. Case Threshing.. B85 8 % 4% | NY 2 art . B e Ameil 2 —Crude rub. |Case Thr pf (7). 104% 104% 104% 10% | Norfk & Wn(48). N e Ehocts wore e oton | Cent Leather - 104 105 10% 10% | North A (B3.40). ber ‘"““‘edq T et e, I hic | Century RIbM.. 13% 14% 18% 14 |North Am pf(3). today at 484 cents & POuA ay. 59 |CerreDeP (4)... 64 €4 63% 63% [NthAm Ed pf(7). compares with 48 cents yesterday, 59 | opriain.Teed (4) 42 42 42 42 [ NorthPac(8)... cents a month ago and 44 cents a|cp,ng Cieve.... 16% 16% 16w iow | Norwalk (160).. HERESERD. | Chand-Cle pf(4). 33% 354 33% 354 | vy ——————— Ches& Oh (112). 125 1254 124% 1245 OllrefiBhy {2 Chi & Alton.. ... 8 ) 3 DRY GOODS STEADY. ChiGreat West.. 9% 9% 9% 9yl ornennelm () . Spectal Dispatch to The Sta. ChiGr Westpf.. 20% 21 20% 20% | Oti5 Elevator(6) NEW YORK, April 24—Cotton |ChiMII&StP... 10% 10% 10% 104 |nygSteel. ... ... goods markets closed the week quiet | Chi & Nwn (4) 0% 70% 70% 70%|Owens Bot (4). hut steady, with print cloth quota- |ChiPneuT (6).. 116% 116% 116% 116% | "' 0 tions unch‘an::ed at 78 for 64x60s and (ChiR1&Pac.... b51% 52 51% 52 Packard M 83, for 68x Raw silks were slow |CRI&Ppf (6).. 87 87 87 87 |Packard?Mot @). at unchanged levels. Childs (2.40)..." 52% 52w 52 521 |Falge Mot(l.80). = > ChileCop (2%).. 32% 52% 82% 382% P*fl'A B S Christle B (1.20) ;dt‘- ;::a ;74"»/: ;:z Pan AmMWAB( b i ChryslerCorp(3) 341 34% o Washington Stock Exchange Chryaler pTA(8). 100 100~ 100 . 100 ey Coca Cola (7).... 146% 148 e bus e Capital T 000 at 99%.1Col Fuel & Iron.. 33% 36% $ | Patha e (o8). .- 82,000 at 09} % 1041, 3 at|Col Gas&El (). 8% 79 ol 1035 : ) |ColG&EDL(T). 114 114 i Polamac c. Pow. pfd—4 at 107, 5o Cred (2). 30% ;n GULOIE 4 326 N at |Com Solv A (4).. 130 130 i e Y0 584 10| Com Solv B «v. 132% 132% Pere Mar pf (5).. AFTER CALL Congoleum-) 1% 1T% Phila Co (4). Phila& RC& E Oven 1201 119% 58% a1% 36'% 102 49 92 118% 38Y% 434% 62: 6% 16% 52% % 48% 84 19 8% 37 5 234 125% /2 115% 69% 94% 267 20 70% Y, 1154 21 38% 331 8214 74 62% 30 ) 201 EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office High. 120% 121 26% Low. Close. 120% 121 120 121 27 a 8314 41% 257 125 16814 9Rv. 37 37 1465 49% 49% 95 T1% 10% 314 16% 52145 203, 115 9% 61 5614 36% 19% 821% 75 5 1. 50 | Congress Cigar.. 42% 43% Philip Morris. | Yational Mtge. & Inv. pfd.—50 at 8%. 50 | LBUENCEL P71 55T g5 55 554 | Prillips Pet (33, * Caniton Monotshe—10 at 83 Consol Distribut. 4 4 4 4 | Pierce-Arrow. Washington Rwy. & Elec. & & r. 68— |5ongol Gas (5)... 93% 93% 93 93% | Plerce-Arrow pf. 89% A e | Consol Taxtile 2" "2 2 2 |PerceOfl....... 1 UNLISTED DEPARTMENT. ContCan (16)... 75 171% 75 77% Pierce Petrol.... 4% Departmental Bank—5 at 614, {Cont Canpf (7)..122 122 122 122 |PittsStipf (7).. 96% Mone: 11 loans. 5 and 6 per cent. Cont Mot (80c).. 10% 10% 10% 10% |Pitts T’?'(",f%')" :6 i d Asked Prices. Prod (2)... 39% 39% 394 59% | PittUt pf(11.20). 19% A T od DE(T). 127% 12746 1275 1273 | Pitts & W Va (6) 104% BONDS. Coty 1nc (4) 507 507 60% 50% |Postum (4.40)... 86 Cuba Co (4). . 4% 48 |PrStiCarpf (7). 86% Cuban Am S (2). 25 24% | 'rod & Refiner: Cuban Am pf(7). 100 101 |PubSer NJ (5). . | Cuba Cane Su pt. 42 Pub S NJ pt (7). 106 #7°" | Cuban Domin. 3 Pullman Co (8). 170 Y7 lCubanDompf... 20 Pure Ol (12). 27% Cudahy Pks (7). 83 83 | Radio CorporA. 27% Canital Ty #9% | Cushman’s (8)... 99% 99% | Radio C pf (3%). 45% ’ ‘98" | Cuyamel Fr (4).. 45 45% | Ray Cons Cop(1) ;5‘!';: 004, ‘hem... 36 a7 36 37 !Reading (4). . 5 Potomae El i g:lflk“;‘;‘ll!cl (9)... 161% 162 161 161% | Reading rts. . 19 Pow. & & 107" | Del L & Wn (17). 139% 189% 138's 138% | Remington Type. 98 e ] itEd (8)... 131 181 131 131 |KeplogleSteel... 9% Alex. &Mt Vo cifs D ha(240). 39 4l% 839 395 | RepIron&Steel. Glik inington : DodeeBrosClA. 31% 31% 30% 31% RepI&SpfeD). 944 Washington Gax ¢ A ‘| DodEept ().... 82% B274 B2 B2% | Revnolds Spngs. 6% Wath: Rwy, & N Dome Mines (3). 14 141 144 zingf}m'rg:‘:e&aé:). o2k MISCELLANEOUS, i Dupont (10 206% 213 206% 219 i s .. 5 manes 051 re \Da 53 | Dupontdeb (8). . 101% 101% 101% 101% é;n’yal D'::,nsy :91:. Stii. L'd Bk. 5s. 101 103 109% 109% | S ‘osep] (13). Solimerm Bids A1 10% | Eastman (185, 109% 1008 1000 10 | StL. & SanFr (1). 8% eneh e Mke. Cold Storage . T | Eaton Axle (2).. Igs/: ";a,{: 8% 13% | SIL&SanF pf(6). 86 STOCKS. f!?}“:{‘,t?,",‘:fifi'f’,‘, §5% 651 65% 65% | StL Southwest.. 69% v L ower & Lt. 19 19 18% 19 {SavageArms (4) 82 e ot 40% (1) 102 102 102 102 |Schulte (§8). 16% & Telza | EP&L bf 40% (1) o % | Elec P& Lpf(7). 93% 93% 93% 93% | Schulte pf (8) 11 g { Sto Bat(16). 7% 77% 77% 77% SeaboardAirL... 313 oot e e nBIor. 9% 9% 9% Seagrave (1.20).. 13% e Antoasis | B UBhsieD+ 68% 68la 68% | Sears-Rn (214). 48y € Eler. com Znd Job 33 3% 323 Seneca Copper... 6 Wash. Rwy. & Flec. pfd \E;‘f: i&f 43 a1 attuck F G(2). 57 5 NATIONAL BANK. Eureka Va 48l 48% 485 48% q-)r:]lll'(flf:’l(‘flfio‘;:c‘ ;62:- Pale o Famous P1 (8).. 119% 123% 119% 128% | sneil Un pf (6) . 107 Commercial .. Famous pf (8).. 119 119% 119 119% | ghubert Theatre. 58% DISHC oo it | FedLight(®1.40) 30% 30% 30% 304 {gimmons(t2.25). 4% FioraAmerican - |grstNatS(%). 3%, 34% 344 34% gimms Pet (1)... 22% Liberty 213 | pigher Body (b). 91 " 92% 80 92 . 224 Lincoln . ;e ; | Fisk Rubber 17% 17% 17% 17% . 34% ational NMetropoli 480" | Fick 18t pfov(7) 95i 95% 95% 951 glogs Sheft (8). .. 1141 Y ai s [ EIkRIStpES(D). 79 79" 79 79 ISouh Ports (6. 100 Nat "Bank ‘of Wakhington.. . i Glolschman(2).. 42 42 41% 42 |'sou Dairtes AC1) 48 TRUST COMP. FoxFilmA (4).. 65 65% 65 60l gou Dairies B... 30% American Security & Trust 294 | jreeport-Texas.. 30% 30% 29% 29% gouth Pac(6)... 101% Continental Trust.. . 100 < o 331 36 |Southern Ry (7). 112% Yerchants Bank. ... 158 Gabriel Sn(t3%) 3 4 454 | Spicer Mfg 2114 Shdsnlnen 54 (@ERAI Dk ) S0 671, | Std Gas & Bi (3). 53% on’ Loan & Trust 05 1% 51% | StiG & Bipr(s). Sou EAVINGR e o Glec (c8) ... 3084 3 325 (SWMILG)....0 71k Commerce & R e i) i % “11% |Std Oil Cauf (2). Boh T 3 i 120 |SWONNT (1).. 441 Gen Mot (112).... 124% 120K 124% 1294 |StAOUN T (1 Gen bt pf (1) 1144 114% 1144 114 | SO TRETES oL e e Mechanics' 30 Gen Outdr Adv.. 2 v | Stewart war (8). 7734 R FIRE INSURANCE Gen BRI (8) 75 °|Stromberg (6)... 6714 e GenRySig(t434). 4> |Studebaker (5).. 58% i ] ‘g‘enrellx‘;::"")“ 54% | Submarine Boat. 2 & 21% mbel . - Sun Of1 (11) . 83% Riiona oo _— ~ NABRANEY. - - 20% | Supertor OM1..... 2% TITLE INSURANCE. Gold Dust. | Sweets of Amer. 113 Columbia Title, 9 | Goodrich Ru (4). ! Symington A(2). 17% Tteal Estate Titie 250 178 Goodrich pf (7). Rt B Cor of Md: com.. 162 Gocayeer D1 Telautogra(60c). 11 IGoodyrvrpl(l). ‘Tenn Copper (1). 12 Paper ptd....... . {Gothm SH(21). 3 Texas Co (3).... b1% doral Storage pid.. 99 99 99 99 |TexGuifS(i0). 135 ferchants: Trans. & Siorage 181 18% 18% 18% | Tex & Pacifie.. .. ) Sivne D74 3% 13% 8% Tex&PacC&O. . 10% 10% 10% 10% | Third Avenua.. 29% 29% 29% +| Tide Water(1%). 82 ) 22% 22% 22% 22%}Tlmkfinp('°:’)‘-1. . glo o6 i 00' 101 ‘Tobac Pr ).. 1 Gu M &N pf (6). 100% 101 100t ! |Guit Statess (5 697 0% 69 7% | Tob Prod A (7). 108% |Hartman (S%3.. 2T% 2% 27% 273 ranscontOll... |Hayes W (13%). 36% 36% 36 836 | UnBaz& Paper. Pay- Stock of | Househd (13%). 42'% 42% 421 42% |Un Carbide (5) r able. tecord |{joustonOfl..... B9% 59% 59% 59t |UnOll (2 4322 Abr 30 | HoweSound (3). 82% 8216 2% 8214 Un Paciflc (10).. 148% Abr. 26 | Hudson Man 2% . 88% 38% 88% 88% |Un Tank Car(5). 4 Abr 26 | Hudson Mot (3). 70% 724 69% 72 | Utd Alloy (2)... 80 Lo |HuppMot@..l 22 224 2% 22| UtaClears e 92 Abrl30 - 93 9% 38y | 42% 62% 36% 15% | % | Special Dispatch to The Stas | Sugar { held the gain of the ds | Wabash. Westinghse (4). 68% Weston Elec. ... 16% Wheel & L Erie. 23 Wheel & LEpf.. 431% White Bagle (2). 264 White Mot (4).. 58% Wickwire ctfs... 1% willys-Overland 24% Willys 0d pf(7). 95 WoolwthF W (15) 151% Worthn Pump... 25% Worthtn B (6).. 65 | wright Aero (1) 20% | Wrlg Wm(1)... 51% Yel T&C (76c)... 26% STAR, WASHINGTON, N BOKD MARKET Prime Investment Issues Hold Recent Gains, But Few Ad- vances Are Made. BY GEORGE T. HUGHES. NEW YORK, April 24.—Bond trad- ing quieted down today after the ex- cited market yesterday when sales of domestic issues broke all records for volume and when advances to new highs were common. Prime investment issues held their recent gains, but there were few im- portant new advance: More attention paid to the speculative and second-grade obliga tions. Prominent among these were International Mercantile Marine The report that the bonds might be retired if the proposed sale of a part of the company's property went through brought new buying into the obligations, carrying the price up to a new top for the movement. The fact that the redemption price 110, howev ised a doubt as to company’s calling the bonds. planation was at hand today for wift upturn in Cuban Dominician 2 in the proposils to re e the corporation. The honds ore th the capit; appeared to have discounted the an nouncement. American Sugar Re fining 6s sold at a new high price and other gar bonds were fractionally higher. In the local tractions, n;\m-u!.nlt&: was more guarded today after t setback of rates in the preceding ses ston, Foreign bonds were generally steady and the French issues improved French 8s at 103 were only half point below the year's high and the same ench 7s at 901. There was more investment buying in Aas. tralian s, and the German Ts were in demand around their recent best prices. Montevideo 7s moved up cl to par. but other bonds did little In the strictly high-grade domestics, Southern Pacific refunding 4s sold around the best of the year and jovernment bonds were firm, Activi- ty, however, was not comparable to that of Frid South American In the second grade rail issouri Pacific general 4s. Chicago and Eastern Illinois 5s, and Erie general 4s were the leaders. AMERICAN OIL CO. BUYS Baltimore Firm Purchases Holdings of Transcontinental Co. in Pittsburgh District. Special Dispatch to The Star. BALTIMORE April 24 The American Oil Co. of Baltimore has purchased the properties and busi ness in the Pittsburgh district of Transcontinental Oil (' This includes not only the two bulk plants and the large chain of retail service stations within _Pittsbur proper and vicinity, but also includes like properties in” other towns, s as Charleston, W. Va.; Follansbee, Va.; Mars, Pa.. Greenville, Pa., Steubenville, Ohio. It is understood that $1,000,000 worth of property is involved in this transaction. The purchase of the transcontinent al properties will largely augment the American Ofl Co.’s facilities in Pitts burgh and surrounding towns, and in Pittsburgh alone the American will now have three bulk plants and 25 retail service stations DAIRY PRODUCTS BALTIMORE 2 Live poultry- ich W. and ial) pound. horns, 3 34: pigeons, pair, 40; guinea fowl, each, T5a85; old, 35a50. o cases: native and . dozen, offered at 28%,n29, Butter—Good to fancy creamery, pound, 38a40; prints, 40a42; ladles, 34a 34; store packed, 29; da prints, 30a 32; process butter, 36a37; rolls, 30a32. —— CHICAGO STOCK MARKET. CHICAGO, il report of toda high, low and closing quotations the Chicago Stock Exchange: Sales. High. Tow. Close. 1100 Am States A wi 2% 1y 2, Armour Auburn 0 Bendix 0.... 1 W G & E ptd n Carb & Carb Un Biscuit Er] e Gypsum ' 1 133 .000 shares. United Drug (8). 143 143% Utd Fruit (112).. 280 280 United Fruit.... 111% 111% USCIP&F(10). 174% 175 U S Distributing. 52'% 52% S Hoffman (3). 53 53% U S 1Ind Alcohol.. 531 54 USRealty (9).. 67 57 U S Rubber. 64 66% U S Rub 1st (8).. 106% 106% USSmelt (3%). 40% 40% USSmpf 3%). 48y 48 US Steel (17)... 122% 122% USS L (7] ‘Universal Pipe. . Univ Pipe pf (7). Util P&L A (e2). Van Rits 1st (7). Vu-CarCh(n)w i Va-CarCh 6% pf Vivaudou . Wabash pf A (5) Waldorf (1%). . Ward Baking B.. ‘Ward Bak pf (7) ‘Warner Bros. Weber (4)...... West Maryland. West Md 2d pf . . ‘West Union (8). 140% West A B(17%). 115% Youngstown (4). 2% Dividend rates as given in 2% the above table the are ann i naymentl based on the latest quarterly or half yearly declarations, otherwise noted, extra or special divi- ‘are,not included. xS B0, Tt e Bt .fl' able in prefes st 3 ‘flfl in stocl Plus payable 1% quarterly <@% in atock vavable 1% % auarterl but | $1.000,000 PROPERTIES' . | Puquesne Light 3l Joy DEC APRIL 24, 1926. TRADING QUIETER Coxsov voux_ BONDS oex ] Received by Private Wire Direct to The Star Office. 1 * 3 ! Sales. High. ?’s’!v‘l E-: :{:A:rl;fl {Utah Pow & Lt6s.. 2 96% Sales. High, Low. Closs. |VertientesSug7s.. 12 98% Tib2d4s... 1 10045 100 15 10015 | Warner Sug 7s 39 1 78% T78% 18% Lib1st4i,s 12 10223 102123 10223 |WarnerSug7s41.. 1 92% 92% 92 Lib2d 4%s. 62 10029 100 28 100 23 | West Elec 5 6 102% 102% 102% Lib3d 43s. 79 101 14 10111 101 14 |Westn Unton'6i4s.. 1 1124 112% 112% US3%s... 711016 1014 1014 ¢ Y 4 2 us«g‘teu. 16 104 18 10410 10410 | .2 100 _ 99%_99% US4%s52. 510820 10820 10820 |YOUNEStn S& T 6a. "12 102%7102% 1027 RAILROAD. FORgign’.‘iflrh.Low.Cl:;-»Ann Arbor 4s. . 5 ;;n = ng. Argentine 5 6 88% 88 - 7“" 2 |Argentine s Ju59. 16 98 98 98 92% 92V 92% Argentine 63 Oct 59 16 98'4 98 98% 94% 94% 94% Argentine 6s A 16 98% 98% 98% 108% 106% 106% Argentine 6s B s 98 98 98 65% 65% niefi Argentine 78 4. 101% 101% 101% 92 92 924 Australian 68 L5 99 98% 98% 97 9% sl Austria 7s. 3 100% 100% 100% 98% 97% 9! % Bank of Chile 6%s. 27 98% 98 98k 105 104% 104% Bank of Japan 6s.. 12 100% 100% 100% 103 1024 102% Beliium g8 6 B85% B8b% 85% 108% 108 108% s D5 92u 924 924 92 92 92 | ‘35 95% O5% 95% 101% 101% 101% e e 5 o6u b S 714 107 1 % 98 Bolivia 8s = 105" 'sou 99w 92 92 92 ! Rordeaux 8 T 2 86% 86% B86%Canad North 7s.. 1118 115 _115 .8 94 93% 94 |CanadPacdebds... 3 85% 854 85% 1 1047% 104% lflllf- Car Clinch & O 6s.. 71 108% 108% 108% ! Brazil 8s. ... 9 1037% 103% lflfc Central Pacifi 2 91% 91% 9l%| Eimden 18 105% 105 105 |Cent Pac 1st6590.. 11 191% 1014 101% | e boi8567. 20 1021 102 1020 | Chen&Ocvass... 3 9B% 98% 98% Chile 75 1943 11 101 101 101 |Ches&Ogn4als... 4 954 95% 964! Chile 8 1926 11017 1017 101% |Chi & Alton 3%s... 2 67% G67% b7%, | Chile 85 1941 1 108% 108% 108% |Chi& Alt3%sctfs. 21 66 66 56 | | Chile 8s 19 2109 109 109 o/ChiB&Q1strf5s. 12 105 104% 105 JSRATS ERLUNE 2 leo 921 924 |Chi& ETgn6 1 % TT% | Con Pow Japan 2 e2n 924 &n Bs. 5 78 7% 4 e s, 4 99 99% 99 |ChiGreat West4s, 101 69% 694 69% | [ Cna e M%7 101% 101% 101% |C M & Puget Sd 4s.. 10 47% 473 41%| A arets, . 1 915 97% OT%|CM&StPdebdscts. 3 48% 484 48% | C 4h 851952 ct... 4 101% 101% 101% |[CM&StPprn4s89. 5 8¢ 84 84 i 1 1104 110% |CM&SPcvalindzets 2 481 8% 4B | | Danish Munic 8s B. 10 u‘ 103% 104 [CM&SPcvisctsie 1| 49 49 49 | Danmarices. ... 14 183 1005 1021 [CRI&N W ref 5e... 13 103% 103% 103% | IDET5%sMch 53, . 14 1050 102% |Ch1 & NW 6145, ..., 19 118 113% 114 [DFIns%sNovss. & 102% 108 0L Chi rys 5. L1z 1w 12 72 | Dutch East 188 47. %fi {g:‘: 104 104% [CHIRI&Preas... 23 91% 91% 914 | Puten East 16862, 21 1000 00,0 106% [CHITH&SESs... 1 8¢ 84 " |F1 Salvador 85 48.. 2 108% 1970 Tg7,( 5 874 86% 86% jFinlands £ 6s45... & B80 o0 o774 11 104% 1044 104% Finland 7s. . i 9 91 . 1103 103 103 | Framerican 7 2 904 (CCCE&StLrf6sA. 2 108t 103' 103% ! | French 7s... g g914 | Cleve Tarm 5 .1 102% 103% 103% | {French7%s. 02% 1027 | Colo & Sou 4148 9% 90% 96% {French8s. ... 08, '86v 88Y |Cuba R R Gs. 92% 921 924 |Guman BIT 64 : Del& Hud1strr4s. 10 94%5 94% 944 | Ger Agr Bank 78 | Ger Gen Elec 7s. Greek 7s. | Hait! os, | Holland Hungary 6% [ Ttaly 7s.. | Tapanese 4s. | Tapanese 6%s. { Lyon s : Marsefl | Mexico 4s 04 | Mexico 45 10 asntd. { Montevidio 7s. ... . | Netherlands 63 54. | Netherlands 6 72. | 'Nord 6%s. ottt TR Norway 5 %8 Norway 6s 1043 Norway 65 1944... Norway 6= 1952. | Orfent Dev deb 6 | Parts-Ty-Med 6s. Paris-Ly Med 7s.. 1 9 3 [3 6 1 1 3 9 8 5 1 1 4 1 1 s 3 6 0 4 1 9 8 3 9 k. 5 { Utd Kingm 5148 37. 15 |Peruss..... | Poland 6= 40 Poland 88 Prague 7%s. | Rio de Jan 85 1946 | Rto de Jan 8s 47. | Rto Gr Do Sul 88 ! Sao Paulo 85 1036. ! Sao Paulo 1950 | Saxon (P W) T Selne 75 42. . Serhs Crot S1o 8s Sofssons 6s | Sweden 6s. |Swiss 6%s 3 Toho Elec Powe i r1s | Utd Kingm 538 29. N 3 24 1 Utd Steam Copen 65 MISCELLA | Agax Rubber 8s. ... | Am Agri Chem T%s |Am Chatn s..... {Am Smit & R 1st 5 | Am Sugar ref 6s. AmT&Tcltris.. {AmT & Tl trbs.. {AmT&TsL5s. ... |Am T & T deb 5s. Am Water Wks 5. | Anaconda 1st 8s. .. | Anaconda cv db 7s. | Andes Cop 7s rets. | Armour&Co 414 s rf | Armour Del 5%s | Assoclated O1l 8s. | Atlantic Refin 53 Barnsdall 68 ctfs. Bell Tel Pa6s B. Bell Tel Pa5sC. Beth Steel pm &8 Beth Steel rf 53. Beth Steel 5%8 53 Bethlehem Steel 6s. Brier H St 1st 5%s. | Bklyn Ed gen bs.... | Bklyn Union 518, . ! Bush T Bldg 58 60 |Cen Leath 65 45 cft | Chire Copper 68 32. |CinGEb%s62 | Col Gas & El 68 Co) Gas & E1 68 sta. Commonwlth P 6s. Con Coal Md 1st 58. Con Gas N Y5%S. . Consumers Pow 6s. Cuba Cane cv 8s. Cuban Am Sug 8s.. Denver Gas 5S. Dery (D G) 8. Det Edison ref 6 Dodie w1 68 | Donner Steel 8. i | | Empire G & F 7%s. Goodrich 6% Goodyear 85 197 Goodyear 58 1941. llinois Bell 1st 58, Tilinois Steel 4%s. Indiana Steel 5s. .. Int Mer Marine 63. 44 Tnt Paper 58 47...« Tnt Prper 8.1« 2 | Int T & T 5%s 7 n CP&L5s ABI. _ KonG & Bl 6s62.. Kelly-Spring 8s... Lackawa S b8 50 Lacleds G 5%852. . Liggett & Myers b Lottiiard (P) 68.... . Loulsv G & E 5852, B SR sonnSan anterRuneBannan Sug Est Ortent 7. Tenn Elec Pow 6 ‘Foledo Edn 18t 7' United Drug USRublstrfbs... ;z 106 _105% 1056% Del & Hud cv 55 35 39 Del & Hud 5%s. Den & Rfo G en 4s. . 112% 111% 111'% 104! 104! 104% 80% 90% 90% D&RIoGimp5s... 5 99% 994 99% D Rio G West 5; 24 664 66 664 Erfelstconsds.... ¢ 79 79 70 | Erte gen 4 . 27 704 T0% 70% Erle conv ... 68 80% &0 80% | Erie& Jersey 6s... 5108 108 100 Erie Genessee R 6s. 5 103'4 1035 108% FlaECS5s74.. 28 99% 99% 994 FlaECSs T4new. 36 99% 991 Yo% Grand Trunk 7s. 2 115% 115 1154 ! Great North 6s. 7 101% 101% 101% Great North 5%s 106 106 106 Gr North gen 7 7114 113% 1 | Havana ERL&P50. 5 941. 94'% 4| Hud & Manref5s.. 70 97% 97% 97% i Hud & Man aj 5: 3 Rl 80% 81| T11 Central ref 4. . 10 93'4 9215 9% | T Central 5% s . 4.103% 1034 \05'&’ T1-C-C StL&NO 5s. 19 1027 1021 102 | Int Rap Tranbs... 229 7215 71k 72% TntRap Trbsstpd. 168 72 714 72 Int Rap Tran 6s 59 T5% T4 5% IntRap Tran7s.... 20 $314 93% 98% Tnt & G Nor 1st 6s." 1 105% 105% 105% Int & G Nor aj 6 7 69% 69 69 Ran City Ft 8 4 6 92 91n 92 Kansas City S5v... 10 98% 98% 68Y Kan City Term 4s.. 13 87% 87% 87% LakeShore4s28... & 98% 98% 98% | Lake Shore 4s 31 L 9T 97 97‘4‘ Lehizh Valen 4s. 5 85 &6 £5 Louls & N unt 4 1 95 95 9% L& N 41252003, 4 99% 9915 9914 s & Nash 7: 9 107% 107% 107% | ManRy1st..... 13 61 66 67 | Mil El Ry & L 5 - 9 95% 95k 951! MStP&SSMends 4 91 a0s 0! | MStP&SSMEs38gtd 30 99% 991 994 | MStP&SSMGbi%s. 16 91 91 91 MK&TIistds..... 8 87y 874 87 105 104% 105 |MR&T4sB 1 8 8 8 | 91% 91% 91 |MK&Tadibs.... 41 93% 93y 834 | Eatis MR&TprinbsA._2 101% 1014 1017 | O S0as, 1034 |ME&TEaC. 11034 1034 1034 | 1088 e Mo Pacific gen 0% 0% 70% | i 97% 974 i o 106 105% 105% | 1% 106 105% 106 | 0% 98 |NassauERv4s57.. 10 62% 62 6 108% 103!« | New Or Term 4s. 3 8 8 8 100% 1004 | N O Tex & M in5s. 751 100% 100 104 105% 105% |NOTex & M6sB.. 5 100% 100% 100% s 98 (NOT&MSBs.... 1 1064 105% 1054 | 103% 103% | N ¥ Cen gen 248 6 80%" 80% " &Gy | 105% 105 |NYCentdebds:..T 9 954 56l 96k oty 991, [N YCentribs..... 1 105% 105% 103% | 5258 226 |NYCentLScldiis 5 781 9 78| 944 941 | NYChi&StL 5%=A. 11 104% 104Y 104% | 103 103 | NYChI&StL5%s B 5 1037 7103% 103% | 101 101 |[NYC&StL6sA.. 7 103% 103% 1034 | i oo, | New Havencd6s. 28 100 4954 100 o 1084 | NY Ont W 1st 3 714 71 TN 103% losis| NYRys=6s65.....305 35 3% 3 103% 96y, | NY Rys 6s A 65. 8 86% B4 867 204 oay, |[NYStateRy4%s.. 7 Bo% 5% 654 % oaw | NY W&Bosdks.. 16 8% 16 75 93% Nor&Sgenbsfd.. 8 85% S5 | 99 loa | Norfolk& Wends. 1 924 92y 92y | 108 o3| NorthernPac3s... 3 654 63w 6| 104% 134 *| Northern Pac5s D. 5 102% 10215 102% | 134 377 | NorthernPacri6s 1 114 114 114 | 98 | Ore & Calif 1st5s.. 1 100% 100% 1004 | 101 101 | Ore Short L cn 58 41 15 106 Y 107% 107% | Ore Wash 1strf4s. ¢ 86% 86% | 105 :s;y‘ Pennsyl gen 4%s... 13 9 99 | }ogV‘: . 1008 Pennsyl gen bs 108% 106 10514 100% 100% | Eennsy1 5 64 1024 102% 102% o3 03 | Pennsy1 8% 1184 118k 1134 e 1087, | Pennsy1 gold 7s. 107% 107% 1073 | Peoria & E inc 43 38 38 38 100% lgg": Pere Marq 1st 55 1037% 1031% 103% | 98% 1op|PCCaSLLESB 5. 9 102% 102% 10274 | 105% % Por RL&P6s47.. 1 100% 100% 100% | H 84 |ReadingJC4s51.. 3 91 _ 901 o1 108 108 |Rio G W 1st4s. 127 9% 9115 913 95 95 .12 83 82% 83 b 94 |[RIATK& L 4%s... 8 94% 948 9415 106% 106% 106% | St L IM&S 45 2 57 97 96% 97 16 e 105 I 93% 93u 93w, L 1o 83% 93k 831, 110% 110% 110% oan Sut ot L N 2% 102 10214 | 103 1024 103 97 97 97y | 964 96K 9B | Sl 1S W stdn. . 1_8vv_sow oot A 105% | Se LS Weon 48325 "6 94~ 94 '~ 94 92 9% o5 |[StP&KCSKLAK.. 13 90% 90w 90y 955 o8t 993 |SanA&ArnPds... 23 83% 88, ums. 113 112 112 |Seaboard ALdssta 10 80 80% 07 103% 103% 101 99% 106% 96% 96% 100 99% 102% 102% 100% 99% 100% 101% 101% 101% 101% 101% 101% 107% 107% 107% 108% 108% 103% 104% 104% 104% 82 81% 82 110% 110% 110% 1087 108% 108% 90% 90% :2% i | 136% 1855 _135% 109 109 109 102% 102% 102% 99% 99% 99% 105% 105 105% 106% 106% 94% 94% 94% 108 108 108 107 106% 107 Sou Pac 4529 i 93 Sou Pacificolt4s... 2 885 88% g8 SouPacificrefds... 7 93 9215 93 Southern Ry gends 6 854 85 g5y SouRycons94... G 107 108% 107 1 111% 111% 111% 1 lzz“ 116% 116% : 91% Toxas & Pacific 1st. 3 105~ 104w 105 ‘Third Averefds... : 61 61 g1 Third Aveadsbs...397 63 61 621 UnionPaclstds... ¢ 95 95 95 UnionPac4s27.... 10 99% 094 99% UnionPaclstrfds. 7 901 901 90% Union Pac 1st £t 5s. 10 109% 1094 109% 10 102% 102 102% 3 98 98w 9y 1 101% 101% 101% 7 108% 108% 103% 18 70% 70% T0% 2 100% 100% 100% 1 88% R6Y% 86% 1 86% 88% 86% 1 69% 69% 69% 4 8¢ 84 8¢ PLANS STEAMER LINE. Specisl Dispatch to The Star. BALTIMORE, April 24.—Still an- other expansion on the part of the Seaboard Air Line Railway will be a steamship line from Miami to Havana, | to be run when its All-Florida-Miami- ‘West Palm Beach lines are completed. Both freight and passenger services will be offered from the Seaboard Air Line dock in the new Miami harbor, it is stated. The steamship line will be owned by an affiliated corporation. Fast passenger service York and Havana will be offered, ac- oording to the plans of the Seaboard. ‘Wisconsin Cent 4s. ! vorable view of condlitions in the do- | December | Departmen 'of = Agriculture).—Hogs— - | lower; very dull at close; other grades FINANCI Structural Steel Sales Show Gain | In First Quarter By the Associated Press. NEW YORK, April 24.—Larger sales of structural steel are re ported for the first quarter this vear than in the corresponding period of 1925, the total of 573,000 tons comparing with 561,000 tons. March shipments were 247,050 tons, against 192,150 in February, and for the three months, 649,650 tons, against 585,600 a year ago. gl v s COTTON ADVANGES SIKTO NINE POINTS Market Influenced by Unfa-! vorable Weather News From Southwest. By the Assoclated Press NEW YORK. April 24.—Cotton fu tures opened steady. May, 18.70; Wuly, ! 18.15; October, 17.36; December, 17.03; January, 16.93. The market showed | a very steady tone in early trading, | being influenced, apparently, by un- | favorable crop and weather advices | from the Southwest and a more fa- | mestic goods markets. | Floods were reported in parts of | Texas, while the outlook was for colder’ weather, with frosts in some sections today, coupled with private reports that only a very small per centage of the Texas crop had been | planted. The opening was unchanged to 4 points higher in the face of rather disappointing cables, and active | months showed net advances of 6 to 9 | points at the end of the first hour, | May selling at 18.72 and October at | 44, New York cotton futures closed steady 1 voint down to 8 up. May January NEW ORLEANS, April 24 (®) Cotton—Futures opened stead 17.90; July, cember, 16. The market Iy despite the | fact Liverpool came in worse than | due. First trades here showed gains | of 1 to 4 points. Although prices eased to 4 points after the call they | rallied again on map indications of rain in the belt. May traded up to 17.93. Jiily to 17.58. and October to 16.74, or 5 1o 7 points up from the | ¢ lows. The market continued | v to the end of the first half | hour of trading owing to a storm warning issued for the gulf coast from Port Arthur, Tex., to Punta Gorda, Fla,, New Orleans cotton futures steads. 3! points down to 1 up | High i May 1 July 1 i October 1 | December i i January 1 i | WHEAT PRICE EASIER ON LIBERAL SELLING | | | i Rains in Spring Grain Belt Lead to Liquidation, But Rallies Are Frequent. | By the Associated Press CHICAGO. April 24.—Rains in the pring wheat belt led to con: selling in the wheat prices early ave rains, however, wer with world shipments small Liverpool quotations firmer t were due, price railies here were frequent. ' Houses with Northwestern connections were liberal sellers of the July delivery. Chicago opening prices, i 3% off to % up; May (new), 1. 1.623%, and July, 1.41a1.42, were fol- lowed by fractional gains all around and then by an irregular downward trend. Corn and oats were easier, influenc- ed by wheat weakness. Opening u changed to 1, off: July, 7T73a7 the corn market underwent a material further sag. Oats started unchanged to 14 lower July, Later, all months | In line with hog values, the pro. vision market was firmer. | CHICAGO LIVE STOCK MARKET CHICAGO, April 24 (United States | Receipts. 3.000 head; mostly steady to strong; lighter weight dull; 15 to 25 lower: desirable 200 to 225 pound averages, 12.90al12.65; better 180 pounds down, 13.50a14.00; top on 150 pounds, 14.00; 240 to 350 pound butchers, 11.80a12. packing sows, 10.75 5.00: estimated weight hogs, | 5a12.60; light, 12.85a14.00; light light, 13.00a14.00; packing sows. 10.70a11.35; slaughter pigs, 13.50a14.00. Cattle—Receipts, 500 head: com- pared week ago good and choice ma- tured steers, 15 to 25 lower; vearlings and lower grades of Kkilling steers steady: stockers and feeders steady to 25 higher: better grade of yearling heifers, 25 to 50 lower: extreme top yearlings, 10.50: mixed steers and heifers at same price; heavies upward to 10.35; light-weight heifers, 10.00: good fat cows and heavy heifers, 25 and classes of she stock steady; bulls, 25 higher; vealers steady to 25 higher. Sheep—Receipts, 2,000 head: for week around 11,000 direct and 164 cars from nearby feeding stations; today’s market, nominal; practically all receipts direct; compared week ago, fat wool lambs, 1.50 to 2.00 higher: clippers, mostly 2.00 higher; spots up more on heavy and medium weight; yearling wethers, mostl. 1.25 to 1.75 higher; supply, smal fat sheep generally 50 cents higher: | shearing lambs, very scarce: 76 to 100 higher; “none of- fered late in week: week's top prices; fate wool lambs, 16.1 shorn lambs, 14.25; 91-pound av ages at that price late; wool lambs, 15.00a15.75; clipped lambs, 13.00a 14.00; shearing lambs, 14.00a14.50; top, 14.66; fat wodol ewes, 9.00a9.75. Data on Financial Status of Firms on Curb to Be Asked By the Associated Press. NEW YORK, Aprit 24.—Infor- ‘mation concerning the financial position of its members is being sought by the New York Curb Market, in line with the policy of the New York Stock. Exchange. Data on outstanding loans, market value of securities in transfer, customers’ accounts and opera- tions by partners in individual firms and with other houses is requested before May 15. lis a gain { totaled $5, | outside | in | work around to the same leve AL. TRADIG SLVLY ON EXCHANGE ERE Few Price Changes Record- ed, However—J. L. Ed- wards Has Grandson. BY EDWARD (. STONE. Trading on the Washington Stock xchange today wourd up the week o with considerable acti but with very few price changes. ashing Gas Light stock again led the m in number of sales, thers transactions recorded, transfer of 50 shares at 67%, pract ly the same price level that has pre vailed throughout the week. National Mortgage and Investment preferred was also well to the front in trading, two sales of 50-share lots and one of a 100-share Jot being recorded at 81y Potomac Electric Power pre ferred registered two small s: 107 and stock of the ( Co., which ha Ing the week, sales totaling bu was one sale of Lanst On the bond side Capi 5% stood at 9915 on three tr 3 W & Electric general sold at 10314 on a % nefers it shington Railwi \d refunding 000 turnover ment five nk stock br Edwards, president of the was heartily congratulated by members today over the arriv in his family of a grandson to M Edwards’ daughter, Mrs. John I Par] Both mother and child are doing well and the new arrival b already been named John Parker, which natu grandfather doubly exchange , or the sh ivance on the New York Exchan yesterday, were matters of lesser in portance to Mr. Edwards in compari son with the big news at home. Bank Clearings Show Gains. Bank clearings showed further creases in the.leading cities in United States during the week aggregate being $9,269 000 of 1.4 pe ent over the same week a year ago. Dun's repori= that the clearings in New York Cit 79,000,000, while those a points reached the sum of 5,000. The largest increases were at Seattle, Los Angeles and San Francisco. Average daily bank clear ings for April to date are 8.2 per cen in excess of the average for the cor responding period of 132 Washington is keep other cj the the This $3.,490, up with rings. The & House report an increase of n during the first parison with the first two weeks i1 April a year ago. It is believed that the improvement in the weather ar its attendant advance in retail trade have kept up a propertionate advance in clearings here during the past fex days Bank Rate Arouses Interest. Wide interest was manifested here the reduction in the Federal I serve rediscount rate in New York to 31; per cent. The rate at all the other” Reserve Board centers, inc ing this district, which has headaqy ters in Richmond. remains at 4 per cent. The reduction in New York is the first change in the rate that has been made since | ary 9. It bring< up the question whether the ot Reserve banks will foliow the lead of New Y and lower their 3 The next meeting of the director: of the Richmond Reserve Bank will be of more than usual interest io bankers in Washington. A a r the rediscount rates charged by the Federal Reserve banks eventuallv Corporate maturities in N in the aggregate larger than usua but will not provide much n financing. as most of the issues fal ing due have already been provided for through new bonds or payments out of treasuries. Total of tion issues uring against $33.248 981,300 in = Public amount month, gest and most impo: sue falling due is United Railways turities. Lar, Investms due ) N Among the railroad bonds. which fall due are Norfolk and Western equipment trusts of 1912 in the amount of $670,000 and Baltimore and Ohio equipment trust B notes in the sum of $543,000. Capital Leads Baltimore. While Washington National banks showed a marked increase in depos its in response to the last bank call, Baltimore national banks were not so lucky. The Baltimore banks showed a drop of more than §10,000,000 in the period since the December 31 call, al though they had a gain over the same period a year ago. It has been noticeable that recent railroad reports have said very little about the effect of motor busses on their passenger business, although they have referred 6ften to motor cars The reason for the change in front is said to be the fact that the railroads have been taking over more and more of the bus lines for their own oper: tion. Cariada has just esta Loan Board. which the United States Farm Loan Burea: which made loans of millions to the farmers of this country. Buying has shown a small increase in the South during the past week according to weekly report of th Credit Clearing House. Credit also shows an increase in all but the Pa cific Coast section. Capital Flowing Into Bonds. Moody's Weekly Review of Finan cial Conditions says, in part: “Trade opinion is now hecoming less optimis tic, and this passing of overconfidence tends at once to restrict the volume of stock trading and to speed up the cor rective processes which are usually known as a business depression. “A minor trade depress can he relied upon to correct Even the sharp decline in the pric of commodities and raw material should tend, first, to res t produs tion of these materials; second. to e duce employment and increase labo efficiency: third, to cut productior costs and increase margins of profit and thereby ultimately to bring on trade revival. “Those dangers ent Co. §12,496,000 first 5s 1 blished a Farm patterned after which the hond market faced I Summer have now almost wholly disappeared. Specula tion in real estate, stocks and build- inge is now small, and released work ing capital is flowing into the bond market. Subject to normal seasonal reactions, long-term bonds should =0 { wuch higher."” Local Financial Notes. broker offices have coni- rangements for the chanse on Monday to the New York d light saving schedule. Begin next week ticker stock quotations will begin at 9 o'clock standard time in this city and the market will close at 2 o'clock instead of 3. Howard Moran, vice president of the American Security and Trust Co., will be the chief speaker at the monthly meeting of the Security Club, an organization made up of the bank’s employes, this evening at Ma - sonic Temple. Other special enter- tainment features have been planned to make & most enjoyable even Local pleted a ¥