Evening Star Newspaper, April 30, 1926, Page 30

» TRADING IS LIGHTER - IN STOCK MARKET Further Advances Made, But Many Shares Decline. Rails Inactive. BY STUART P. WEST. Spacial Dispatch to The Star NEW YORK, April 30 market rallied somewhat after a period of weakness. The comeback was most pronounced In the seasoned dividend paying rail Teads, but there was some short cov ering in the American Woolen stocks and in Marine preferred. which. how ever, still left these issues with losses on the dav. Western Union was prominent on the buying side in the last half hour The conclusion. therefore that the market still lav entirely pro- fessional hands. Stocks which went up did so not-for reasons connected with the general business situation, bhut because of special c iderations. Prliminary estimates on oil com panies’ reports are favorable, and this has been reflected in a fair degree of strength in the oil stocks. These stocks for the most part were higher today. Other stocks, and General Electric ikewise for special reasons. But the main point is that these individual upward moves have failed to stimu late the general trading. Stocks were strong during the first hour or so today, then i was quite plain that they were being freely supplied ind the afternoon market showed the “ftact. American Woolen stocks were vory weak for reasons which have long seen known. - Despite statements made al various times that the tex tile industry was on the mend. the facts are that conditions in the trade have not improved. Woolen manufac iurers canno: get their prices up sufficiently to offset increased costs. This has been the position for the iast four vears and it has not been changed except temporarily for short periods. American Woolen common hroke below 24. whereas the previous low had been 28%. American Woolen preferred, well under 70, compared with the previous low of 1 CLOSING IRREGULAR. The stock late today like General Motors have gone up Higher Money Rates and Urgent Sell- ing Are Encountered. NEW YORK, April 30 (®).—The closing was irregular. Higher money rates and urgent liquidation of several specialities led to free selling for both wceounts in the late trading, although ‘he market was spotted with several hrisk rallies. Declines of 2 to 4% points included Austin, Nichols com- mon and preferred, Armour of Illi- nols preferred, Cast Iron Pipe, du pont, General Electric and Atlantic east Line. Total sales approximated 1,200,000, Markets at a Glance NEW YORK (#).—Stock irregular; American Woolen issues break sharp- Iv. Bonds firm: French issues rise on debt settlement. “oreign exchanges mixed; Belgian francs at year's low. «'otton higher; Wall Sireet buving. Sugar .barely steady; commission house selling. Coffee easy; trade sell ng. CHICAGO—Wheat firm: dry weath. er. Corn lower: large deliveries ex- pected. Cattle irregular. Hogs steady. METAL MARKETS. NEW YORK, April 30 (#).—Cop- per quiet: electrolytic, spot and fu- tures, 137%al4. Tin easy: spot and nearby, 63.00; futures, 60.00. Tron stead; prices unchanged. Lead ateady; spot, 7.85. Zinc ea: Eist St. Louis, spot and futur Antimony, spot, 14.00. BUTTER IS LOWER. CHICAGO. Apri lower; t ery extras, 37%; standards tea firsts, 363,a37';: firsts, seconds, 33a3. 3 Eggs lower: receipws, 32,151 firsts. 281;a29: ordinary firsts, storage packed extras, 31; firats, 301y cream 3 36 WOOL MARKET QUIET. Special Dispatch to The Star BOSTON, April 3v.-The wool mar ket was quiet and irregular today with pulled wools somewhat more ac- tive. Double A wool sold at $1.15, and was held by some dealers for $1.18. b aupers are moving at 80 and 82 cents for cholce material. Sales of Ohio delaines were reported at 45 cents. srease basis, and Australian material ix moving at $1 and $1.05 clean for 64x70s. Dealers have picked up some sood Montana clips at cents. 1t i= understood that less than 5 per eent of the Montana clip now is under contract. . SPEEDIER SERVICi HELPS. Special Dispatch to The Star. ROSTON, April 30—The Bosion and Maine’s policy of speedinz up irain service as a means of combat- ing bus competition seems to have heen successful in part. T'assenger vevenues for the last two 1onths have shown slisht increases, as com- pared with cteadv declines for 12 vears. FOREIGN EXCHANGE. @uotations furnished by W. B. Hibbs & Co.) Nominal Selling checks FINARCIAY, THE EVEN NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open Adams Exp (6). 112 Ahumada (t1).. 8% Alr Reductn(15) 114 Ajax Rubber.... 9% Alaska Junea... 1% Allled Chem (4). 119% Allled Cm pf (7). 120% Allis Chalm (8). 82 Amerada (40c).. 26% Am Agricul Chm 18% Am AgriChpf.. 61% Am Bank N 1.60. 38 Am Bosch,..... 21 Am Brake Sh (8) 120 Am Br Bov Ei(2) 86% |Am Can (2)..... 47% Am Car&Fdy (8) 95 AmC& Fpf (7). 128 Am Chicle. ..... Am Chicle ctf: Am Chel pr pf(7) AmChic pr pf cfs Am Drug. .. 6% Am Express (6). 117% Am & For Pow.. 19% Am & FoPpf(7) 90% Am Hide & Lea Am Hide & L pf. Am Home Prod. Am Tce (110) Am Icepf (6)... Am Internatl. Am La Fr (1)... Am Linseed. . Am Loco (8) Am Metals (4).. Am Piano pf (1) Am Safety R (3) Am Ship & Com . Am Sm & Ref(7) 119% AmS&Rpf (7). 116% Am Snuff (12)... 140 Am St1 Fdys (3). 41% Am Sugar (5). 0% Am Sugar pf (7). 102 Am Sumatra.... 8% Am Tel & Tel(9) 146% Am Tobacco (8). 115% Am Tobac B (8). 115 Am Wa Wo ¢1.20 Am Woolen. .. .. Am Wool pf (7). Am Zinc. . s Am Zinc pf Anaconda (3). ArmourDel pf (7) Armour T11 A (2) Armour 111 (B). . Armour Il pf(7) Artloom (3). . o Dry G(2%) Asso Ol (2). Atchison (7) Atchison pf (5). Atl Birm & At. i Atlantic C L 19 204% Atl Gulf & WI.. 38% AtlGulf & WIpf 39% " |Cluet Pea pf (7). - | Col Fuel & Iron . Home. 1ra; T Athens. drachma adnd. peseta. - Yienna. drown. . Budapest, erown. Agie. rown Wateaw, Floty Tonenhagen. crown Oulo, erowS . < Qlockolm, erown 3ok NEW YORK, April 30 (). —Foreign exchange irregular; quotations (in ): Great Britain, demand, 4857; 4: 60-day bills on’ banks, ce, demand, 3.30; cables, Ttaly, demand, 4.01%; cables, soz%. Demand—Belgium, 3.393;: Germany. -3.80; Holland, 40.18; Norway, 21.7 Sweden, 26.77; De: . 26.17; Swit. serland, 19.3214; Spain, 14.44; Greece, \24; Poland. 10.50; Czechoslovakia, 96, Jugoslavia, 1.76%; -Austria, 14.125; * Rumania. .38: Acgentina, 40.18%; Brazil, 14.43%; Tokio, 47.18%: Shanghai, 71.62%: Montreal, 100. FEDERAL LAND BANK BONDS. (Quoted by Alex, Brown & Sons: Closing Bid, Asked! Yi >SS0 22223233883 FERe PR 33333322 4 4 3 4 & 4 4 4 1 1 4 Atlantic Refing. 114% Austin-Nichols.. 18% Austin Nic pf(7) 84'2 Auto Knitter.... % Baldwin L (7)... 106'% Balto & Ohio(5) . Balto & Oh pt(4). Bang & Ar (3). Barnsdall A (2) Bayuk Cizar. . Beech-Nut (13).. Belding Bros(3). Bethlehem Steel Beth Stl pf (7) Botany A (4) Mt Bkin-Mn Tr (4).. Bkin Un G(111).. Brunswick Balk. Brunswick Ter.. Burns Bro (10).. Burns BrB (2).. Burns Bro pf(7). Bur Add Ma (3). Bush Terminal. . Butte Cop (50¢). Butte&Super(2). Butterick.... Cslif Petrol (2) Calumt&A(14%) 594 Calume&H(1'%). 14% Can Pactfic (10). 158 Cent Leather.... 9 Cent Leather pf. 47% Cen Ry NJI(+12). 265 Cerre De P (4)... 64y Certain-Teed (4) Chand-Cieve. .. . Chand-Cle pf(4). Ches & Oh (112). 1 & Alton pf... Chi & East Il pf. Chi Gr West pf.. ChiMII&StP... Chi M1] & StP pf. C M1l & St Petfs. CMII&StP pf cf: Chi & Nwn (4). 33% 1250, 1% 40 Childs (32.40) Chile Cop (2%). . Christie B (1.20) Chrysler Corp(3) CCC&StL (5). 22 108 146% 36% T6% 112% 6415 Coca Cola (7) Col Gas & El (5). Col G & E pf (7). Col Carbon (4)... Com Cred (2) Com Cred 15t 63 Com Inv (3.60) Com Solv A (4) Com Solv B Congoleum-N Conley (sta).. Consol Cigar.... Co 1 Distribut. ‘onsol Gas (5) Consol T2xtll Cont Can (16) Cont Can pf (7), . Cont Insur (6)... Cont Mot (80¢) Gorn Prod (2) oty inc (4). Cructble Sti ( Crucible pf (7) Cuba Cane Sugar. Cuba Cane Su pf. Cuba Co (4)... .« Cuban Am S (2). Cuban Domin Cuban Dom pf . Cudahy Pkg (7). Davison Chem. .. DelL & Wn (7). 9ta L 4% 267 1 19% 80 39 187% 130 Devoe&Ra(2.40). Dodge Bros CLA. Dome Mines ( Dupont (10. Dupont deb ( Eastman (18) Eaton Axle (2).. El Auto L(16%3). Electric Boat. ... Elec Power 102% 109% 27% 66 5 20 P&LDI(T). 93% e Refrign cfs. 66% Elec Sto Bat(ie). 78% End John (8).... 67% Equitable pf (7). 101 ErieRR... 82 Erie 15t pf. 30% Erle 24 pf. . 36 ous PI (8).. 121% g::l“hlghl(‘Llfl) 1% Fed Min pt (7). Frst Nat SU%). Fisher Body (b). Fisk Rubber..... FiskR1stpfs(7). Flelschman(2). . Foundation (8) Fox Film A (§) Freeport-Texas. . Gabrtel Sn(13%) Gen Am Tnk (3). Gen ATC pf (7). Gen Asphal 6 Gen As Gen Cigars (4).. Gen Elec (c8). .. Gen Gas A(e1%) Gen Mot (112)... | Gen Mot pt (1) Petrm (3). g::msmu %). Gold Dus Goodrich Ru (4). % |Goodrich pf (7). Gould Cou (2). Granby Consol. ... Grt North pf (5). High ne 119% 118% 120% 117% 82 82 26 26% 18% 16% 61% b58% 38 38 21 .21 120% 118% 87% 36 47% 46% 95 93 128 128 42 40% 38 38 95 90 8Ste 87 5% K 1% 1T% 19% 18% 0% 90% 9% 9% 120% 119% 116% 116% 140% 140 69 8% 146% 145% 115% 115% 115 115 106% 104% 89 814 3115 284 27Y% 138% 138 663, 64% 2% 72 287y 284 12% 12'% 136 136 364 36% 99% 99% 87 87 261 264 5 44 12 12% 2415 24 3414 33% 61 69 14% 14% 168! 167 M Bh 47 45l 266 266 65% 64'% 41% 41K 16% 16% 33% 33y 126% 124% ddn €2 112% 112% 64 63% 298, 29% 10% 10% 38% 38% b0 50 69 68 99 99 9% 9% 41k 4l 4% 4T% 26 1% 3 1% 19% 19% 80 80 39% 37 187% 186% 180 130 a1 37 20% 281 18 12% 220 2164 102% 102% 109% 109% 27% 26% 66 66 5 931 67% 8% 67% 8% 66% 8% 67'% 101 81157 ¢ 25% . 5 5 20 19 % 2 Z EP&L DL 40% (1) 102~ 102 102 - Low. Close. | 111% Gt Nor Ore (1% ) 8% | Grt Watn Su (8). 114% |Green Canan. ... 9% | Guantanamo. . . . 1% |Gu M & N pf (6). 118% | Guif States S (5) !g;"‘ Hartman (2%). “og |Hoe&CoA. 16w | Househd (+335). Houston O1l. ... Howe Sound (3). Hudson Man 344 Hudson Mot (3). Hupp Mot (1)... Tllinote Cen (7).. 111 Cent pf (8). .. Tndep O11 (1). Tndy; TInspiration (2).. Interurh Rap Tr. Intcont] Rub(1). In Ag Cprpf(7). Int Bus Ma (3).. Tn Cement pf(7 Tnt Com Eng (3! TInt Harveser Tnter Har pf (7). IntMtch pf(3.20). Intl Paper pf (7). Int Shoe (6)..... Int Tel & Tel (6). Tewel Tea Jones Bros Tea. Jordon Mot (3).. Kan City South. . Kan C So pf (4). Kansas & Guif. . Kavser J (3).... Keily-Sprine. Kennecott (4) Keystore T& R. Kresge S8(1.20). Kresge Dent S. .. Lambert Co. .. Lea Tire & Rub. Life Sav (1.60).. Lie& My B (t4). T.tma Loco (4). Loews Ino (2).. T.one Bell A Lorfllard(3) ToulsGasA (1.75) Louts & Nsh (6). Touistana ON. ... Ludlum Steel Wack Trucks (8) Vacy HR & Co.. Magma Cop (3).. Man El Sup(4%) Afan El etd (d5) . Manila Elec (2) { Waracatbo Ofl Market St pf. . Marland Ofl (4). \fartin-Parry(2) Wy Dept St (5). Mavytag Co (2).. Mexican Seabd. . Mtamt Cop (1) 1d-Continent iddle States. id States Ofl ct Midland pf(10). Miller R etfs(2). inn & St Louts. MStP&SSMpf. Mis Kan & Tex.. MoK & T pf (6). Missour! Pacific. Missour) Zac pf. Wontana Pow (5) Mont Pow of (7). Montgom Ward. Moon Mot (3). Mothr Lode(75 Mo Plcture(1%). Motor Met(3.60). Motor Whi (2) Murray Body... Nash Motors. ... Nat Biscult (4) Nat Cash Reg(3) Nat Dairy (3)... Nat Distillers. .. Nat Bnamel & S. Nat Lead (8).... Nat Pw&Lt(40c). Nat Supply (4). Nevado Cop (1).. NY Alr BrA (4). NY Canners(c2). NY Cannrs pf(6) NY Central (7). NYC & StL(t11). 27% 138 6 72 Northn Cent (1) North Pa¢ (5)... Norwalk (1.60).. {ot1 Wwell Sup (2). Orpheum Cir(2) Otis Steel. Owens Bot PacOll (B)...... Packard Mot (2). Palge Mot(1.80). Pan-Am (6). Pan-Am B (8)... Pan-AmWnB(2). Pathe Ex (c2) Penick & Ford. .. Penn C & Coke .. Pennsy RR (3 Penn-Seab Steel. Peoria & East Pere Marg (18).. Pere Mar pf (5).. Pere M prior(5). PhilaCo (4).. Phila& RC&I.. Prillips Pet (3). Plerce-Arrow. Plerce Oll. . . Pierce Oil pf Plerce Petrol. PittsUpf n(1.20). Pitts & W Va (8) Postum (4.40)... Prod & Refiners. . Producers&R pf. PubSer NJ (5).. Pub S NI pf (7). Pub S NJ pf (8). Open 22 96% 119% 120% 25% 19% 15 119% a3 15% 35% 4215 6314 % a5 Plerce-Arrow pf. Pullman Co (8). 171 Punta Aleg Sug. Pure Oil (12).... Radio Corpof A. RSTIICefs (4). Rwy Stl Spr (4). Rand Min (3.31) . Ray Cons Cop(1) Reading (4)..... Reid Ice Cm (3). Remington Type. Replogle Steel. Rep Iron & Steel Rey Tobac B (4). Robt Rets & Co... Royal D(a1.339). Safety Cable (4). St Joseph L(73). StL & SanFr (7). StL&SanF pf(6). Seagrave (1.20). 86% 27% 26Y% 72% 1 Sears-Rn (2%). _ Seneca Copper. .. El uck F G(2). Shell Un (1.40).. Shell Un pf (6 Shubert Theatre. Simmons(12.36). Simms Pet (1)... South Pac (6). . Southern Ry (7) South Ry pf (6) 18% | Spear & Co pf(7). 9% | Splcer Mfg...... 73 |StdGes & EL ). b4% Low. Close. 218 21% 5% 96% 10% 6% 100 68% 2% 26% 43 659% 3% 38% 69 21 % 120 120% rd NG STAR., WASHINGTON, D. DEBT ACTIONLIFTS | [Coxmov vomx BONDS socsreemwver] FRENCH BOND LIST, Speculation Centers in New York Tractions—I. M. M. Issue Still Feature. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, April 30.—Signing of 251 | war debt agreement between France 17 10% 24 119% 33 %| and the United States late yesterday was followed today by a sharp up- ward movement in French dollar bonds. The strength which had de- veloped in these issues in the last half hour vesterday had fore- shadowed the action at Washington, and so the continuation of the up- ward trend at the start today was not unexpected. All the French issues, with the ex- ception of Bordeaux, Lyonsand Mar- seille 6s, opened higher, and French 78 and French 8s went to new highs for the year. Buying was almost per- sistent in the 7s. The 728 opened up over a point below the high of late February. French railway bonds went along with the obligations of the icentral government. ¥rench Na- tional Mail Steamship 7s at 83 were at a new 1926 top. The local tractions were the most prominent issues speculatively. In terboro bonds were as active and strong as on any day since the pres- ent advance began. The refunding 58 were taken in large volumes at con- tinuously increasing prices. ~ One hlock of $125,000 per value changed hands at 74, against a preceding close of 734. The 6 per cent notes geined over a point. Current estimates of Interboro earnings for the year end ing June 30 next have peen ralsed until it is now predicts that $5 a share will be showr for the stock. Third Avenue refunding 4s and New York Raillway income 6s went up in sympathy with the Interbore issues. Fluctuations in the Marine 6s were wide again. The trend today was downward. Truders seem unable to make up their minds as to the stat of the bonds after the proposed sa of the White Star Line. The high-grade investment group was in general unchanged as to price. but more active. Special interest was A Jo, FR 1DA Y. APRIL 30, 1926. W Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales sre in $1.000.) Sales. High. 14 100 28 100 23 100 23 26 102 28 102 20 102 29 25 100 28 100 26 100 27 2 b3d4%s. 282 10110 1018 1019 b4th 4is 208 1035 1032 1032 16 1016 510414 1049 10414 610811 10810 10811 Lib3ys. Lib 1st 4%s Lib2d 414, Lt i US3Ys..., USds 1944, US4%s62. 1014 FOREIGN. Sale: Argentin 1. Canada 51 1962. Canada 6%81929. .. Chile 75 19 Chile 85 1926. Chile 88 1941. Chile 85 1946. Christlania 6s Con Pow Japa: Copenhagen 5%s Cuba 5%s. Czecho 7% s rots. Czecho 85 1951. Czecho 8s 1962 ct... Danish Mynic 8s A. Danish Munic 8s B. Denmark 6 DEIBY%s cl Duteh East T6s47. Dutch East I 6s 62. 1 8alvador 3s 48 Finland s f 65 45. Finland 7s Framerican 7% French 8s. German EI P 6% Holland Amer Hungary 6% . Ttaly 7s. taken in United States Steel sinking | fund 5s and in St. Louis-Southwest- ern first 45, Ann Arbor 4s made an other new top, but afterward reacted. The day's new offerings included 5,000,000 City Service Power & Light 20.year 6s. to vield 6.35 per cent; 1 | $4.000,000 Union Gas Corporativn first 61:8. with spot purchase warran % lat 99 and $5,000.060 European Mort- gage & Investment Farm Loans 714s. to vield 7.80 per cent. OUTLOOK IN FERTILIZER TRADE CONTINUES GOOD Special Dispatch to The Star. BALTIMORE, April 30.—Outlook for the local fertilizer industry con- tinues good, according to reports from local plants. Sales have been in greater volume than last year, and in some cases have exceeded those of the last sev eral years. [t is difficult to form a clear idea as to just how well the situation will look at the end of the season. inasmuch as the late season has retarded_sales at many points. There is a general feeling of opti mism regarding the trade, however, s [ 2nd according to officials of some of i the Baltfmore firms the sftuation is more favorable than it has been for several years. . L BACK DIVIDENDS PAID. NEW YORK. April 30 (#).—Direc- tors of the American Chicle Co. to- day liquidated back dividends on the 6 per cent preferred stock from Juty 1, 1821, to July 1, 1925, with a pa ment of $25.50. A dividend of 15 cents & share on the common stock also was declared out of earnings for the first quarter, payable July 1 to holders of record June 15. StdG& Elpf(4). 8td Oil Calif (2). B5% BtdOIINJT (1).. 444 Std O11 NJ pf(7). 118% Stewart War (8). 75'% Stromberg (6)... 65 Studebaker (5) Submarine Boat. Sun O11 (1) Superior Of1. Superior Stl (2 Symington A(2). 5% 65%% 14 | Tenn Copper (1). Texas Co (3).... Tex Guif 8 (10). Tex & Pacifle. . Tex & PacC& O. *Tex Pac Ld T'r.. The Fair (2.40) .. ‘Third Avenue, Tide Water(1 Timken (14). ‘Tobac Prod (7). Transcont Oil. Twin City €3). .. Underwood (4).. Un Bag & Paper. Un Carblde (5) % | Un Tank Car(6). Utd Cigar 8 (¢2). Un Cig St pf (7). United Drug (8). Utd Frult (112).. Utd Ry Invest... Utd Ry Inves pf. UBSCIP&F(10). USCIPDL(7).. U 8 Distributing. US Hoffman 3% U 8 Ind Alcohol. . UBSRealty (4).. U S Rubber...... U SSmelt (3%). USSmpf(3%). U S Steel (7).... U 8 Steel pf (7).. ¢ | Untversal Pipe. . Util P&L A (e2). vanadium (3)... Va-CarCh(n)w 1 Va-CarCh 6% pf Va Iron Coal &C Vivaudou. . ‘Wabash........ ‘Wabash pf A (6) ‘Waldorf (13). . ‘Walworth. (1.80) ‘Ward Baking B. . % | Wara Bak pf (1) Warner Bros. ... West Maryland.. ‘West Md 2d pf West Paciflc. . ... ‘West Pac pf (6). ‘West Union (8). West A B(17%). ‘Westinghse (4). ‘Weston Elec. . Wheel & L Brle. Wheel & LEDS.. White Eagle (2). ‘White Mot (4) Wickwire ctfs. .. Willys-Overland. ‘Willys Od p£(7) . Wilson pf new.. 45% 5% WoolwthF'W (15) 150% 151 Wright Aero (1). 20 29% 29 Yel T&C (T60)... 26% 26 254 v tberwie noted. eiira oF special 67 . o ot SFartly Mok able in preferred stock. Darable 1% auarter! Mexico 45 0. Mexico 48 Mexico 68 Montevidlo 7s a = =IO X P as Netherlands 8s 54. Netherlands 6s 72 Norway 6s 1944 Norw: Paris-Ly-Med Ly Med T Paris Orleans 7 Peru 7%s Peru 8n. Poland 6s 40.. Poland 8s N Porto Alegre 8s Queensland s Rio de Jan 8s 19 Rio de Jan8s47.... Rio Gr Do Sul 8s. Sao Paulo City 8= Sao Paulo 8s 1936 Sao Paulo 1950. Saxon (P W) 78 Selne 7s 43. Serbs Crot Slo Solssons Sweden 6 Swiss 5%s 1946 “Toho Elec Power Toklobs. ... Utd Kingm 5% 2! Utd Kingm 5158 3 Utd Steam Copen Uruguay 8s e I M & s 3 > 23 78 13 . 10 9. 10 7. 36 6s 4 Low 106% 9% 864% 93% 106 103% 101% 104 102% 4 101% 110% 110% 104 102 104% 101% 108% 109 101% 924 99 101% 7% 101% 101 110% 110 1034 102% 104% 104% 106% 8614 86l 26%% 26% 41% 100 i 104 o 107% 80% 6% 101 101's 101% 894 T 981 103 667% 88 101 105 110% 100% 10074 102'5 104% 105 103 05 88% 91 844 10415 104% 90 109% MISCELLANEOUS. 104151044 104% 101% 101% 101's Am Agr! Chem 7%e Am Chain 6s. 21 6 Am Cotton Ol1 8s..... Am Repub deb 6: Am Smit& R 1st 55 AmSmit &R 6s Am Sugar ref 6 AmT& Tcltris AmT & Tdeb5iis. Am Water Wks 5s. Am Writing Pap 6s. . Anaconda 1st 63 ‘Anaconda cv db Armour&Co 4148 Atlantic Refin 5. ™ | Andes Cop 7s rets 4 Barnsdall 6sctfs. Bell Tel Pa 58 B Bell Tel Pa 58 C. Beth Steel pm 6! Beth Steel rf 5s 9684 993 4 104% 984 108 1004 10! 97 4615 9612 99% 104% 7% 103 100! 106'% 9754 46'c Close 1014 106% 100 864 93% 106 108% 101% 104% 1024 Sales. High 101% 100% pierce-Arrow Plerce Oll deb Public Service Pub Serv Elec 8s. ... PServGas5%s6d. Punta Alegre7s.... 10414 107% 105% 107% 80V 994 1104 108% 91 96% 100% 90% 1424 103 99% 105% 108% 1047 105% 95 108% 107 974 7% 9% 93 1023 106 99% Sug Eat Orfent Tenn Elec Pow Union Bag & P United Drug 6i US Rub 1st rf 68 U S Rub 7% USSteslsf Utah Pow & Lt Vertientes Sug ‘Warner Sug 7s 39.. Warner Sug 7s 41.. West Elec b Westinghouse Wilson & Co 1st 6s. Winchester A 71;s. 102 101 101% 108% 109 101% 924 994 | 101% 9RY% 101% 101, 110% 110 10315 1027 104% 104% 1084 104 107% 80% 97 1014 1011 101% 894 % 108" 6674 88'4 101 105 11i% 1008 101 10215 104% 104 103 5% 894 82 8515 104% 104% 90 109% 964 99% 1001 100% 100% 8 107' 1074% 107% 104% 98'4 103 100% 105'5 97% 46145 103% 103% 103% 105% 105 106% 9915 994 991y 92% 94 923 93 2% 93 1024 102% 1027 101 997 9 103 Beth Steel 5%553. . Bethlehem Steel 6s. 18 Brier H St 1 % Bklyn Ed gen 68 Union 5%3 Bklyn U n" Bush T Bldg Calit Pete 87 Cen Leath 65 45 cfs Chile Copper 68 32. 23 Cin GEb%s62 Col Gas & BL5s. Col Gas & E188 sta. Commonwlith P 6 Dery (DG) 18 Det Edison 68 40. Det Edison ref 65, DuqL & P5% Duquesne Ligh 1Indiana Steel & Int Mer erln; 6s.1102 95 Int Paper b Kan CP&L s A 53. Kan G & E1 68 52 Kelly-Spring 88 Lackawa 8 68 50. 1G rof 58 84... % ::Mocuu-n 118% 118% % 67 3 Louisv G & B 88 s, 11 1005 1o . )2 18 964 95" ‘gans 18 1014 101 tana Pow , & Colst4%is. 7' 874" 8 28% | 52 1 2 100% 99% 102 101 99% 103 1034 108's 103 133% 133% 1334 987, 99 104 /103% 104 101 10074 101 108% 1075 107% 1047 104% 1047 100% 100's 100% 104 79 106 104 784 105% 100% 100% 100's 5 104 79 108 100% 100% 100% 94 - 98'% 101 97 93% 9815 4 464 5 84is 84 101% 101% 101% . 10 52 108 107% 933l 9815 108% 97 84 107% 9% 9dY% 94y 94'% 94 94 105% 105% 105% 106 105% 105% 106 ~ 105% 1057 102 101% 102 115%a 115% 115'9 106! 106% 106% 110% 110'% 110% 121% 121% 1214 101% 94 101 96 101 94 1028 1025 1025 103 102% 102% 96t% 95% 96% 103% 108% 103% 924 94's . 98% 842 113% 112 105 105 10416 104% 93 95 29 3% 5.102% 10215 1025 10435 106 2 984 981 98 2 100% 100% 100% 16,104% 108% 1041 LiggettaMyersts. 1108 108 ' 100w 99%" 99% 100 991 “K 96 101% 87 « 4102% 102% 1021, 10 108% 103% 103%. 2 98% 9815 98, 19 108% 1085 108% 111 110% 1 1 104% 104% 1043 1 102% 102% 102% 15 99% 994 1 101% 101% 101% S 101 101 Pan-Amér Pete 68,.106 1074 107 '~ & oo 101 107% ilcMastPgney%s Youngstn S& T 6s. 26 103% ¢+ RAILROAD. Ann Arbords...... 6 Bl Atchison gen 4i Atlantic C L el 4s Atlan CL 4%s8 64 104% 108% 108% 101% 80% 964 92 13 115% 82% 1094 105% 1103 113 99 57la 554 92'a Bklyn Manhat - Buff R & Pitt 4%s., Canad North 8% Canad North 7s. Canad Pac deb Car Clinch & O 6s... Centof Gab%s. Cent of Ga Z Cent Pac 1st 68 90. . Ches&Ocviaks... Chi & Alton 3%s...1 Chi& Alt 315 ctfs. ChiB&Qgn4sbs. ChiB&Q 1strf s, 86'a Chi& ET gn b 1% 'Chi Great West CM&StP4a25... & St P 4525 cfs & S &S &SPcv4iss3zets 15 15 CMA&StPrfals. CM&StPralisct 14 Chi& N'W17s Chi Rys §s. ChiRT&Prf4s ChiTH&SESs Chi Un Sta 4%s.... Chi Unfon Sta 5s 44 Chi Union Sta 6%s. Chi& W Inden ds.. CEWIE%863... CCC&StLrfesA. Cleve Term 6s..... Cleve Term 5%s. C&Sistds29. . Colo & Sou 4%8. CubaRR6s... Cuba RR7Ys. Cuba NR 6566 Del & Hud 1strf 4s. Del & Hud cv 6s 35 1 1 3 R IYEY 1 91 Erle 15t cons 4s. ... Ertegen 4 Erfe conv 4sA. Erfe conv 4s B. Erfe conv 4s D. Erle & Jersey 6s. .. Erie Genessee R 6s. FlaEC5874...... 38 Fla E C bs 74 new.. 70 Gr Trunk sfdb 6s.. ! Grand Trunk 7s. Great North s Great North 5% Gr North gen 7 Havana ERL&P 50. Hocking Val 433s. . Hud & Man ref 6s.. 3 111 Central ref 4s 111 Cen 4s 53. 111 Central 5%4s. o Int Rap Tran 5 Int Rap Tr b Int Int Rap Tran 7s. Tnt & G Nor aj s Towa Cent 1st 5s. .. Kan City Ft 8 4 Kansas City 8 55 .. Kan City Term 4s.. Lake Shore 4528... Lehigh Val s 2003. L& N 41352008. Man Ry 1st 90. Market St 7s 40. MIEIRy&LB5s... M&StL1strfds. . MStP & SSMcen 58 MStP&SSMis3sgtd 18 MK&TprinSsA. MK&TEsC.. Mo Pac s 1965 Mo Pac6s49 D Mo Pac 6s 556 B Mont Trm ref 5: Nassau E Ry 4s §’ NY Crfim 4%s18. 14 NYCentribs..... 657 [N Y Centdeb6s.... 3 NYChi&StL 63%sA. 31 NYChi&StL %8B 27 NYC&StL6sA.. 29 New Hav deb 43 56. New Havencd 6 NY Ont W 1st 4s.. NY.Rys 63 65. NY Rys 6s'A 65. NY W & Bos 4% Nor&SgenSsbd.. 1 Norfolk & W cn 4s. Northern Pac 8s... Northern Pac 4s.. Northern Pac §s D. Northern Pac r16s Ore Short L rfs 4s. Ore Short Licn §s 4/ Ore Wash 1st rf 4s. Pennsyl con 414s. . Pere Marq 1st 5s... PCC&StLEsBT7S. Port RL&P6s43. Por RL&EP %5 46.. % | Reading gen 4%/ Rio G Westclds, RIArR& L 4% St L IM&S 42 $t L IM&S RAG 4s. StL&SFplésA.. StL&SFprinb 24 90% 15 102% 15 86% 1 94% 8 104% 5 8al5 Seaboard AL 4ssta 3 8L Seab A Lref Heab A L adj o a3 30 80% 4 108 Low. Close 101% 101% 100% 100% | 103% 104'% 107% 107% 105% 105'% 107% 107% 80% 804 9% 99% 110% 110% 107% 102% 90% 91 96y 96% 100% 100% 90% 90% 140% 141 1027 103 98% 99Y% 105% 105%3 108% 108'; 104% 10474 105% 105% 4% 94% 108 108% 106's 107 967 97% 9% 9TH 9% 9% 93 93 102% 102 1054 1067 | 4 9915 99% 102 102 102% 102% 80'4 92% 92% 984 8% 68% 92 9674 974 104% 104% 103 103 107% 1074 101% 101% 9% 9% 957 96 91% 92 118 118 115% 115% 824 824 109% 109% 105'% 105% 103 103 101% 101% 9874 99 b7 67l 554 65% 92% 924 105% 105% 1054} _88%4_864 | 7% 68% 194 7% 68% 9% “| canners and 10444 104% 6% 6% 838 88 1134 114 107% 1073 12 12% 9l'e 21% R6% 87W 96% 96'a 102 102 118% 118% 86'% 86 FINANCIAL. ! LATE WEATHER NEWS | LIFTS WHEAT VALUES | High Winds, Diiststorms and Only Slight Sprinkling of Rain | Are Reported. \ By tho Associated Press. | CHICAGO, April 30.—With only} small deliveries of wheat looked for | tomorrow on May contracts hcre.; persistent commission-house buying | moved wheat values upward today ini the last part of the board of trade | session. Late advices said the only rain in Canada today was a slight sprinklink at Edmonton, and other. messages told of high winds and dust- storms. Meanwhile dry weather com plaints came a'so from a large area of the domestic grain belt. notably Nebraska and parts of northern Kansas, Wheat closed firm, corn, 'a to 1} ng from % to % 1o 13 net off, and oats decline to % 894 [ J CHICAGO, April 30 (United States Department of Agriculture)—Hogs— Receipts, 16.000 head; mostly stead: weights strong to 15 to 330 pound butch- to 300 pound .35812.85; majority pound averages, 13.00a13.30; bulk good and choice, 180 pounds down, 13.50a13.90. top, 140 to 150 pounds, 13.90: packing sows, largely 11.00a11.25; desirable slaughter pigs, 13.50214.00; heavy weight, 11.90a 5 medium weight. 12.50a13.40; light welght. 12.60a13.85: light lights, 12.7513.90; packing sows. 10.90a11.40; slaughter pigs, 13.25a14.00 Cattle—Receipts. 3,000 head: gen- erally steady; trade on most killing {classes; buils, weak to 25 lower; killing quality very plain: bulk fed Isteers of value to sell around $.50 rlings and medium weight, 9.35: she stock fairly active: heavy kosher cows, upward to : most cutters, 4.30a5.25: bulk vealers to packers. 9002950, few choice shipping ca 8. upward to 0. with odd lots at 11.00a11.50. Sheep—Receipts, 12,000 head: siow- generally steady: bulk_desirable clip- ped lambs. 14.00a14.25; few choice nandyweight to shippers and city butchers, 14.50; practically nothing done on wool lambs. | GRAIN AND PRODUCE. | BALTIMORE. April 30 (Special.— | Potatoes—White. 100 pounds, 2.30a |5.50: new potatoes, barrel, 8.50a11.00; asparagus, dozen, 1.30a5.00; beans, bushel, 250a4.00; cabbage, hamper, 5al.50: sweet potatoes, barrel, 2.50a 104% 104% 103 103 103% 10315 107% 1074 51 4.00a7 93 10674 106'% 9612 97 93% 93% 1% 111% 89's 91 995, 99% 654 66 79 695 2% 724 794 725 9% 108 107% 107! 99% 99i; 99% 99y 107% 1074 115% 115 101% 1011y 106'% 1064 113% 114 9% 95 97 104% 1043 99 8915 100% 103 106 106 106% 106t 9% 974 62 62 100% 100% 100% 100% 1054 1054 80% 864 89 &9u S5% 95% 97 97 10515 105% 107% 108 % 103% 103% 103% 103% 1034 103% 1% 100 2% 334 BT% 4% 93% 99 106% 1054 1024 1024 118% 113% 107% 107% 874 87% 1034% 103 102% .103% 9t 92% 7107 107 974 % “Third Ave adj bs. 90% 90% 102% 10214 86% 86% 9% 94% 104% 104% 88% a8y 81 81 2% 13 - 80% -80% 79 | 69% | 2% 00: vams, barrel, 2.50a6.00: carrots, |bushel. 100, 5.00a8.00. cauliflower, jerate ; celery, crate. 2.50a3.50; cu cum crate. '3.50a6.00; eggplant kale. bushel, 43a70: lettuce, 25a3.25: onions, 100 pounds. tomatoes, e. 3.50a6.50; | spinach. bushel, §0a30: radishes. bas: | ket a3.00: apples, barrel. 2.00a5.00 bushel, 50a1.50; grapefruit, box. 4.00a 6.00. oranges, box. 4.50a6.25. straw- !berries, quart, 30a40. Selling Prices at Noon. Wheat—No. 2 red Winter. domestic no quotations; No. 2 red Winter, gar- licky, 1.7414. —Cob, new, spot, 3.75 barrel. as_to delivery; domestic low. No new. 81 per bushel ports, No. 2, 78 asked: No. 3, 7515, Sale—Bag lot of white at wharf at : bag lot of mixed at whart at 72. No. 2, 523 asked; No. 3, new, 00 | hasket. | 2.00a Rye—Nearby, new, 90a%5: No. 3 rye, spot, no quotation: Hay—Receipts, 85 tons. Better grades of timothy, light clover, mixed jand choice clover hay have been mov- ing out fairly well the past few days, and there s no oversupply of good hay on the market. Medium and low grade hay is in ample supply. Poor hay is hard to move at any price. Quotations, per ton, today: No. 2 timoth:; 50a24.00: No. 3 timothy, . 1 light clover mixed, No. 2 light clover mixed, 1 clover mixed, 23.00: . 1 clover, 23.00a23.50: No. 2 clover, 15.00220.00. Straw—No. .1 wheat, No. 2 oat, 14.00a14.50. 13.00a14.00 ! g BUSINESS MORE PROFITABLE. NEW YORK. April 30 (#).—Busi- ness of the International Business Machines Corporation for the first quarter of 1926 was more profitable than a vear ago. net earnings having increased to $760,000 after interest depreciation and estimated Federal taxes. equal to $1.31 a share. This compares with $654,000 in the first quarter last vear, or $1.13 a share. HEADQUARTERS OPENED. NEW YORK, April 30 (#).—Tide water Oil Sales Corporation, a sub- sidiary of Tidewater Associated Oil Co.r has opened headquarters in Minheapolis to serve the Northwest as one of the first steps in the ex- tensive marketing campaign planned in connection with recent merger. Warehouse space has been leased in Minneapolis, Duluth and Mankato. REMINGTON PROFITS. NEW YORK. April 30 (#).—Net profits of $719,110 after depreciation. Federal taxes and reserves is reported by Remington Typewriter Co. for the rst quarter this vear, equal, after first and second prefeyyed dividends, to $5.29 a share on® the common. against §588.311, or $3.98 a share, in the first quarter of 1925, —— KANSAS CITY SOUTHERN. NEW YORK, April 30 (#).—Net in- come of the Kansas City Southern Railway for 1925 advanced to $2.113,- 298 from $1,981,803 the year before. Income balance transferred to profit and loss amounted to $1,273,298, against $1.141,803 at the close of 1924. Net revenue from railway operations was $6,679,851, compared with $5,767,- 483 for 1924, BAR SILVER PRICE. NEW YORK, April 30 (#).—Bar silver, 645; Mexican dollars, 495, Seab A L con Seab All Fla Sou Pac 4529, Southern Ry gen 45 " 8 4 13 23 95% 94% 95% 95% 98% 98 98 85% 854 851 1067 106% 106% 111% 110% 111% 17 116% 117 2 61% 6 61% 94% 904% 90% 99% 99% 103 102% 99% 98% % 5% Southern Ry 6% ‘Third Ave ref 4s. Union Pac 1st Unton Pac Unlon Pac virginia Ry Va Ry & P bs Wabash 5%378... 34 104 1034 West Marylana 4s.. 30 70% 70% Western Pacific 6s. 19 1001 100% 1 Wheel& LEchds.. 1 87% Wisconsin Cent 4a. 5 83k 83% APRIL CLEARINGS - OF BANKS HIGHER Gain of $3,500,0007 Over Last Year Recorded by D. C. Institutions. BY EDWARD (. STONE. Tota! bank clearings in Washington for the month of April how a gamn of more than $3,500.000 in comparison with the same period a vear ago, ar cording to complete figures compiled today by the Washin Clearing House Association. These returns re veal substantial business improvement in the Capital, as the hank clearinga are considered the best available ba rometer of mercantile conditions everywhere. Total clearings for April reached s11 408, while for the same period year ago they totaled §112,360,057, the exact increase in dollars in the month just closing being $3.617 454 The clearings for March of this vea: were $120,498.287. hut the decline of i«nlnl‘: $8,000,006 in April is considered largely seasonal, as there is usually a falling off in business in Washing ton and elsewhere at this time of the vear. Bankers consider the zain ove April, 1925, as much more important than the loss noted when the Apri clearings are compared with those of the previous month Trading Quiet on Exchange Trading was rather quiet Washington Stock Exchange 1oda The most important transaction wa the sale of 20 shares of stock of 1ie American Security & Trust Co. 2. 384. One share of Riggs Nationa Bank stock went at 455, Thirty shares of Merchants' Trans fer & Storage common changed hand at 115 and 10 shares of the preferred stock of the same corporation weis sold at 100%. Two small lots of No folk & Washington Steambeat stock sold at 280. Potomac Electric 1" 7s recorded a sale at 106% W. B. Hibbs attended the exchanze session today for the first time sin: e his recent indisposition. He is muci improved in health and was m cordially greeted by his associates Chevy Chase Club Bond Issus Notices were sent out today b+ board of governors of the Che Chase Club, Charles J. Bell ereasur announcing a new bond fssue of $45 000, which will be dated July 1. notice to members says in part: “In order to pay for the impro ments now being made at the estimated to cost § posed to place a fi 5 property for the sum of $430,000, a 513 per cent, payable 50 years afte date, with an annual sinking fund of 1 per cent, the mortgage to contain a provision authorizing the club to re | deem said bonds, in whole or inpart,a: i 102 and accrued interest, at any inter ie.\l period, after five vears from date oi issue. The proceeds of this loan w be used, first, to pay off the outsta ing bonds under the existing bone )] debt of $200,000, and the balance f« construction purposes. “The present issue contains a pro” vision authorizing the club to pa them off on any interest date. bu is the belief of the board of gove nors, that the present holders wii | 'S:lud to exchange the old bond !l!e new, on which thev will 313 per cent interest instead cent ““The value of the property underlying the proposed bond issue has heen 0 praised by independent appraisers a< having a commercial value in exceass of Sdl.flgtl,(}flf]‘ thus making the pro pose rst mortgage less than half of the value of the propery .n-.fi’ on or The e “The bonds will be dated July 1 and issued in denominations of $1,000 a1 $500 each. Local Banker's Views Lauded. In the current issus of Trust Com panies Magazine appears an article by John Larner, president of the Washington Loan and Trust Co. on ‘Responsible and Lfficient Trustes ship,” reprinted from a booklet which Mr. Larner's bank sent out containin= excerpts from lectures on “Legal Ac counting and Court Auditing,” by Her bert L. Davis. The magazine's editar declares that the article renders # great service at a time when 8o many trust_companies and banks are en barking in trust department operf tions. ~ The Washington hanker s views are held to carry great weighi - because of his long experi and special interest in fiduc gations. In connection with this article it i« Interesting to note that Mr. Larmer has gathered much information with a view to urging the establishmen | here of some kind of a corporate fidu | claries’ association. which would et ter standardize the handling of thi type of business by the trust com panies and national banks. Such as- soclations are working successfullv i other citles, and Mr. Larner has been securing data about their methods and codes for the past two years. Oni recently he conferred with Charles J. Bell, president of the American Se. curliy and Trust Co.. on the subject The matter since has been taken up by a subcommittee of the Distriet lR:\nLer:' Association. headed by Johs Poole, and the idea fathered by Mr. Larner is likely to take tangible fornt in the near future. Phone Revenue Increase. The Chesapeake and Potomac Tele: phone Co.’s report of operations for March to the Public Utilities Commis sion shows increases in revenue, ex- pense and net income reflecting the three additional working days in March as compared with February This accounts principally for the fact that March net income was $154 as against $126,934 for the month of Februar: March taxes amounted to $50,305, as against $40.11 for March, 1925. The present month's taxes are somewhat lower than fn February, due to some adjustments in The report shows the company to have expended during the first threw months of the year the gross sum of $578.412.40 for new plant and equip- ment. This was offset by retiremenis aggregating o $242.470.54, so that the net cost of the new plant and equip ment added during the first thres months of the present vear was $3. 941.86. Net additions to the plam the past 12 months aggrezated $i 691,329.70. Bankers Off for Spring Session. George 0. Walson, president of the Liberty National Bank, left Washinz ton yesterday to attend the ann Spring meeting of the American nkers' Association at Pinelurst C. The meeting is one of special committees rather than a general con vention. Mr. Walson is a member of the public relations committee. He- ‘was accompanied by Mrs. Waison. Joshua Evans, jr., executive viee president of the District Nationai Bank, who is a member of the ad ministrative committee and also of the executive council, and John B Larner, president of the Washington Loan & Trust Co., a member of the executive committee of the trust cons pany division and also a member of the commerce and marine commission, also will attend the session. Drug Stores’ Profits $109,177. Peoples Drug Stores, Inc.. reporte net profit of $109,177 for the first quarter. equal, after & per cent pré. ferred dividends, to 89 cents a shaw on the common against $70,042 or 70 ents a share in the same period last year, o