Evening Star Newspaper, May 1, 1926, Page 31

NEW POTATO STOCK . SELLING CHEAPER Florida Produ Better Buy Than Old Crop. Waste Eliminated. New potatoes from Florida are con- ered a better buy than old stock. no waste on the while some i Mhere is ab: Jlutely pew stock, dealers say, in the { the old stock means much waste.| o e "- : = e as reported o - Y . May 1-—Following ne market was reported firm on eld| i an official list of honds and stocks ktock from New York and Michigan,|traded in on the New York Curb?| fna latter, said to be siightly better|Market today: 1han the former, selling at $8.50 a bar | {hesin . BONDR. . e it pel. New York stock was quoted atf ¢ Allied Pack 8 . 7 ) a8 23 Am Gas &' F) s 008 ‘Dnre eAa Florida new stock, Nos. 1, 2 and 8 7Am Pow's Lis 08 7Rt 53 4 \wers quoted all the way from $8 for n:g p;_nn,fig‘m. 66103 105 103 vhe smallest to $12 for the best stock 1 Anaconda s © 103 1p3 % 104 Jrices have decreased very much the| —FAuwo G & M el or gy 94 past month, the highest price this 1% A% Sim T 64 00 20 98 b TAU G&W 1S S8 708 Z02 70 peason being $20, today's high price 9B & O R R ba.: 978 0715 978 eingz $12. SBeil Steel T4 3510413 1048% 1044 Peas have become much more plenti-| 8 Caro P & 1.'be . M8 WA fs0 ¥ul in the y “The Florida| 510t serv ds : ngt, ain ity Ktock is almost a thing of the past LT 1285 1205 1203 =0 far as this season concerned 3 95“3 931 3% nd dealers are de : upon Sou o ) B dealers are dey & upon South 1013 118 1oty rolina growers for supplies. Best 035 1038 1030 ek was quoted at $3.50 and $3, ard o7 3.": vhile smaller stock brought $2.50 and i ishing the 1 st markets with peas s. 108 }32 ;m: Tomatoes Higher igo 100 Three grades of Texasgrown Ina'8s. 0 9915 981 09% Rermuda onions are offered at prices | Qe ens 20 0t 0 g 0§ They are R iy eiiia “-:; 1158 dealers say, but not 1Ohio Power 5a'B.. 8§ 87 a7 13 b to ihe standard of those | 10 Penn Ohie Bq 654 105 15 10133 1015 in Bermuda. Tomatoes were| —1FPa P&l 5e D53 0013 901 8hy ted higher and not so good. 23 PhiE 5 O 3 3078 107 vs, South Carolina and Flodida | 4 bure O} G ¥ 103 1031 e furnishin, nost of carrot an B 1047y 1047, s urnishing 4 st of ll’;‘n:‘(fl:u‘: B 8ervel Det 6 W R HE H ffored on the local marl a 2 Schulte R E 64 & 928 928 nd 1 bushel. California fis] 8 Shawsheen : 10013 100 furnishing smatler quantities of the [ 3300 pal Bl % oo8 ooy “regetable, not so good as the stock £370 % ¥ Gian 1A% 10as from the dealers state tutz Mol 107 ! 58 0f . Receipts of string beans are light PRI S8 aRi es h k bringing 43Tex & F S 6a'A 10213 2 ushe Strawberries | § Tidal_Osage. 7n 10d% lods eceived the pasi few days are re- 10 S Rub g'\;;:» 44 . yorted as not quite so good as earlier [ SL S Sm & 101 s eeeipls, Torida pony refrigator 5 Webster Mil' 6 L] stock sold mostly at 45 cents, while | 1he North Carolina stock brought 35 12 Antiogus i A. . @nd 40 cents. Ventilated stock, some | L Antioqus 7s B ®oft, were quoted at from to 40 S e Lieaath cents Poultry prices dropped during the ,""""0:‘1" Slan. € veek, especially the price of turkeys, | 15 Ger Cons Muni 1a &nd there also was a drop il prices | 1 Great Cona E f13a in seme meats. Butter and eggs ialian Pub Ut 7e 4 King Denm mrices continued throughout the week | 13 Krupn Fried L 76, With practically no change. {‘;“‘;;- f—,“f Denma 6s. prices T 11 Prov Santa Fe s’ # )Ia;rl.fl Prices In;rlx s R S utter--Faney 1-pound prints. 46a einelbe T'n § $7: tub, 45246; stove packed. 30 1 e sesnhs u. 20 Fggs—Fresh, selected, 29a31: hen- | 20 Sanda Falls ery, current receipt i 3 Pa ive—Turkeys, ct Considered broilers, g ers, 115 to 2 pounds, smaller 40ad43: White lLeghorns, 40a45; Winter chickens, 3 pounds and over, 40a45 Towls roosters, 23: ducks, young 20: ol ung, S0a%0: old 5. 40a45: bre ers, B¢ keats, young, Live st choice, 12: m: Jium hogs, heav nd me ght, choice, 1 tambe. 7 Meats - Reef. 16a lamb, veal. 20a23; dressed pork. heavy pork Inins 5 Western. 30a32 hams. 30a32: shoulders, 22a23. Fruit and Vegetable Review. Today's market report on fruits and vegelables (ompiled by the Market News Nervice, Bureau of Agricultural -onuILiCs) Suys Applex Supplies moderate: demund | light, murker sie bavrels, Mury. land and Vir ;-inch Sapsi 6006 2iginch, 4.50 \ 2pinch Yorks, fair quality and « ditlon, 3.0044.00: hoxes, Washington medinm o large s extra fancy Winesaps, 2753000 fancy Delicious. cx Romes. 2,30 < Supplies light: demand | good, market strong: South Carolina, dozen-bunch crates, green, ve: large | size. 8.00: large size. 6.00; smal si 4.000 some fine quality green. very large size, 10.00: large size, 9.00: me- dinm size, 7.00; small size. 5.00a6.00. Cabbage —Supplies moderate; de- 1 South Caro. id light, market firm finu, barrel erates, pointed type, 2.50a ©.85; some falr quality ne and half bushel hampers, 1.25a1.50. (uee Supplies moderate; de- nd moderate. market tirm: Cali wrthern district. crates, ice type, 45 doz. 3.50a4.00; few s Avizona. crates. iceberg type 45 doz.. 4.0024.50; mostly around 4 wih Carolina. 5peck hampers, big swton tvpe, 2.00a2 ms--Sapplies moderate. demand | ma steady: Texas, stand or v Rermudas, 17 ] few low as 2.40; 1 yals, 1. S. No. 1. 8002825, New stock id stron Flortda. 65, green tng. wrapped, fancy count ehofce count. 6.00a6.50; omina: quality Slzea, 4.50a6.00. String beans it 028,00 and condition, Supplies light: Potato Market Firm. Potatoes—Supplies light; demand mnderate, market .firm: oid stock | Michigan, 150-Ih. stacks Russet Ru- Flo double head barrels Spauld nz Ross, 1. 8. No. 1, mostly around 1.00; U, S, No. 2. 800a8.50, awberries pilies moderate amand good cet firm: Florida pony refr tly 50; North a lina, Misslonarys, heat. mostly some fair quality and condition 11.00 Tomatoes Suppiles moderate: de- mand moderate, market slightly rn- some fair to al de- mand moderate, market firm: Florida. bushel hampers, green. bhest. 6.0 ordinary to fair quality and ¢ 4.50a5.50; few poo: 3.00 dition low u moderate. market bushel baskets. Beets erwe. m baskets Peas - Supplies moderate. market s lna. bushel hampers Laxtons. ER small-pod variet few. poorly filled low as 2.00. Cucumbers—Supplies light moderate. market steadv gauare bushel crates No. 1. Na, steady: 0. mostly emand mod 1, light steady e moderate eadv: Sou dem 3 50a6.50 4.0024.50 Supplies light upplies de market firm crates, fancy, 7.0008.0 amoderate, er : chuic . GASOLINE HIGHER. Spectal Dispat:h RALTIMOR motor fuels are here. This announceme: the Standard Oil ¢ pendents. The new prices are cluding the tax, 23 cents; blends, in cluding the tax, 28 cents. Your Banker, Knows. ‘When in consult your bunker. much his interest as y your savings. You tr your deposits why not with your investment problems? to Tha Star 1 May up c en a was made by and by the inde. ur bushel i 02 and pep- n- condition | trading fell off to Carrots - Supplies moderate: demand | pave been the Texas. | coming i demand Florida, | demand orida, pep- soline and zallon Gavoline, in. | doubt about a security It is equally as to protect |and in the stock list. st him with trust him INANCIAL Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, May 1.—The usual | week end profit taking made itself felt, today in stocks which had been strong earlier in the week. Offerings were not heavy enough, however, to bring about any change in sentiment toward the immediute future, and the volume of business was small. Ford Motor of Canada, at 465 lost 10 points of its gain of Friday. Victor Talking Machine was down a point and a half and Curtiss Aeroplane reacted a half point or 80. No further improvement took place fn the new eral Electric shares. he highly favorable report of Menzel Co.. proved to have been discounted by the recent ri: 8 Bug p 08 Aires 7 1300 1 800 Humb O&R 1 wi Imp Oil Can new 50 Tnd P L 1800 Tntl Pet € L. 500 Ohio 011 1800 Prairia 0 & G 100 Prairie P 1, 100 South Penn’ 0 n 30 0So O Cal n wi #8003° 0 _Ind A00 S 0 Kansax 100S 0 Ky eh s o 21008 0 100 Vacuum Sal T o 40 Am Maracaibo C 3 Cardinal _Pete: rib_Svnd .. it Serv new Cit Serv pfd i Cit Serv pid B 20 Columbla’ Synd | ex Pamico ouni Prod 10 New Bradford O/l {10 Northwest O | 8 Peer Oil Corp. .. 2 Red Bank Ol . 25 Reiter. Foster Ol 2 Salt Creek Cons NEW YORK CURB MARKET HE EVE Direct to The Star Office stock. Net profit for the first quarter, after interest and depreciation, but before Federal taxes, was equal, after preferred dividends, to a share on the outstanding common, against a share in the first quarter of ‘The report of the New Jersey Zine Co., for the quarter ended March 31 disclosed a net equal to §3. share on the capital stock as agains: £3.91 in the preceding quarter and $3.33 in the similar period a vear aso. stock responded with a 2-point VADCY Oil shares came off slightly with most other sections of the list Hum- ble fssues were down a point or more, and Vacuum Oil almost as much. salt Tide Water_Oil Tide Wat Oil pf.. Venezuelan Pet, uinian. et n arner oodley "ol Borete Wi bt » 3 INDUSTRIALS. Gt South 2 Gt South Tim Co .. - mal_Leather M Cyanimid A m Hawaian S § Pow &L n. Pow & L pfd m Ravon Pro T Fruit lies E W b riflo Mfg.. i i uf Ni "in D Gin Ale n n Marconi Wi Mo ) iy 22> 29 td 100 14 85 El 3o 8 Fo: SRS e 5 OB e D131 e 13 B T S S50 D A « C b [y mmw Commw P nw pf 18 G Ball new Coneol Laund Continen” Bak A 3 Continen Bak B Cuneo Press Curtise Aero M Dunhiil Intl i Durant Motor Duz A Duz O Elec Bd & Elec B & S n cor 6 Elec Invest Inc 1 Empire Pow new 8 Enc Public_Serv 1 Eng Pub S PP pf 2 Fageol M o Fireatone T 13 Ford Motor Fox Theaters A. 21 Freshman, Chas! Iy Gamewell' Co Galv Hous EI pf Garod Corp. ... Gen Baking A.. Shpf 10714 A o 8Gen Elec R Gon Eloc 2 Gillett 4 4 Glen Alden Coal: 1 3 1Goodyear T & R 32 ' "a2 7 32 1Hap C Stores A AN BN 1 Hazeltine Corp. 1 1 1 Hellman 5 41 3 1 Jc A A 20 Tch Paw " aer iy Leh Val C cfs STeh Val ¢ 'Sales 1 Mengel Box 21 Mid W U Rts wi Mohawk Val n 3 Mohawk Hud ‘P T Mercurnk V- Aus 1 Nat' Leather 184t P& L ot 7a 1 Puly Serv A 2 Nelson H 0 Pow @ rthe Pow n 1 Pac Stl Boller. 14 Penn Wat Pow € 11 Phila Electric 1 Purity Bk A & Rand Kard Bu n 2 Reo Mot Safe C H & It wift Int) i s 29 1 4 R 3 5 1y Swift & Co 12 Trana Lux Pie A f% L3 1y Tubize A'S B vie 1 178 1 Tung Sol Lamn Ri ) 2 i El Coal vie 28 Uni G Imp € 281y T Lt & Pn'A 1313 5 ITUP &L ste B 148 g 3 Univer BieC L 3014 L 1 Van C Pke n 2114 % 1 Victor Talk Mei 80 3 White Sew 381 10 Yel Taxi € 17 Sales in MINING STOCKS Hundreds 6ons Cop Mines.. 1 Ene G M Ltd | 10 Flor Goldfid' M riy Nine M 1Gold Cent Mines 18 wihorne "M 1 mbo, Ext ¥ Conper D, remiar Gold M ni Verde Ext MARKET DRIFTING AIMLESSLY, WITH INTEREST OF PUBLIC LOW Volume of Trading Decreases—Long-Term Money | More Plentiful Than for Past Year—Maintains BY STUART P. WEST. | Speial Diepateh ta The Star NEW YORK May 1.—The week in the financial situation has heen char- acterized by continued low rates for {money, by a further strong demand ifor investment bonds. by mnew low {rates for French and Belgian exchange and by a stock market which has drifted up and down without getting {far either wa | Placing of United States Cteel com- {mon shares on a regular 7 per cent { basis was the big test. To many this | cireles that the business outlook was very secure, and it led to a flood of op- { timistic talk. The stock market should have responded to this if it had been lin a frame of mind like it was last Autumn. The conclusion was monly drawn that the Steel directors would not have acted as they did had they felt any uncertainty about the maintenance for a long while to come of the new dividend. Public Interest Low. ~ But the market, except for a day or so of moderately rising prices, did | nothing in particular. The velume of the week, which certainly would not se had the public been he facts seemed to be \t there was a considerable short interest outstanding, and that this af- forded an inducement for profession- als, who change thelr attitudes con- finnously, to ‘operate for the time being on the side of the advance. Prices did go up, but mot in any notable way. A few of the highl speculative industrials went ahead. The copper and smelting groups were helped by the French debt settlement | and the oils by favorable estimates r garding the present status of produ tion and consumption. With these exceptions, the market did little. "Phere were plenty of stocks for sale whenever bids were raised. On the Sther hand, these offerings did not fol- low the market down during the pe- rlods when it was declining. In a Wword, §t was & nArrow professional beculation, showing no indications of ‘esuming the main advance, which was interrupted toward the end of Yanuary, and also glving no evidence of a resumption of the selling move- ment which went on so actively dur- ing February and March. Long-Term Money Plentiful. Not within a year has money for ihe longer terms been so plentiful. Business has been done in time money regularly at 4 per cent. It has become one of the easiest money markets in recent years. Naturally this has in- Volved the maintenance of a high level of investment values both in the bond It has not af- fected speculative conditions because these depend not upon credit changes, but upon business changes, | tha seemed to denote the opinion in high | rd the close of | ! | | | put High Level of Investment Values. A drift toward higher money rates ould rome ahout in one or more of four different ways—excessive out- of new securities, gold exporta, much more active commercial de- mand. lastly, a big speculation. At the present time nona of these four things seems likely to happen. The new loans coming out, where they are of high quality, are being readily absorbed, but there is no strain upon credit resources because the amounts which the investing public are asked to buy are mod- erate, When sterling got back last year to par there was a good deal of dis- cussion about the possibility of its %0ing to the export point. But this has not occurred. The merchandise movement is normally still running in favor of the United Ntates. The so-called invisible balance has com- pletely changed since the war. The interest on the British debt to the United States and the tremendous reduction on obligations due to ¥Ku- ropean holders of American securi- ties have gone far to offset the old- time factors of tourist expenditures and charges for American goods being carried in British vessels. Trade Balance Uncertain. It is a question just what the posi- tion s regarding the balauce of trade. But it is quite certain that it is not against the United States and that there would be no reasen for forcing sterlinz up to the gold shipping point unless American bankers were &0 increasing their loans abroad that they would have to send gold as part of the credit. There is no suggestion at the pres- ent elther of a big revival on the Stock Exchange or of a further trade expansion. Therefore, it is fair to concluGe that money will keep easy as it Is, and that investments will continue strong. The settlement of the French debt was one of the outstanding incidents. It brought about active buying for a while in the French dollar bonds, because it removed the obstacle which had stood in the way of further loans to France. Rut it did not result in any improvement in the franc and this. perhaps, was the most striking apisode of the week. FEvidently the valuation of the French paper .cur- rency has not been dependent upon the funding of outside war obligations, It is a matter entirely, so it seems, of internal fiscal measures. The fact that the French franc has risen very little since the adoption by both houses of the French Parliament of the new financial program must be accepted as an indication that bank. ing option throughout the world is not at all sure that these measures will have the desired effect and really balance the budget. TAR, * WASHING' WEATHERLFTS VALUEOF COTTON Market Rallies After Flurry of Selling at Opening—Tone Is Steady. By the Associated Press. NEW YORK, May 1.—Cotton fu- tures opened steady. May, 18.56; Jul! : October, 17.22; December, 16.9 16.80. Favorable British labor news, lower Liverpool cables and reiterated talk of mill curtailment at home and abroad were factors in an opening decline of 2 to 8 points in the cotton market today. A flurry of selling at the start was absorbed around 18.65 for May and 17.22 for October by trade buying on resting orders and covering. Appre- hensions that the good weather re- ported in the belt yesterday would be followed by showers over the week end probably promoted some of the buying. The volume of business ta- pered off after the first selling orders had been executed, but the market was steady at the end of the first hour, May ruling around 18.64 and October 17.30, or 1 to 2 points net higher. New York cotton futures closed steady at a net advance of 3 to 6 point May July October December January New Orelans Quotations. NEW ORLEANS, May 1 (®).—Cot v. May, 17.83 bid: July, 0; October, 16.5 ber, 16.55; January, 16.52 bid (1927). The market was easy due to lower cables than due. First trades showed losses of 4 to 7 points, which . smaller than warranted by the Liver- pool declines. Prices moon rallled on reports of showers in the West and expectations of bullish private crop s due Monday. July traded up 7, October to 16.68 and Decem- ber to 16.64, or 2 to 6 points above vesterday's close. Prices later eased off on the English strike news. New Orleans cotton futures closed steady at a net advance of b 10 § points Mar July October December January WOOL BUYING SMALL. Spec ispatch to The Star RO. {, May 1.—May opened with a slightly more cheerful tone in the raw wool market, stimulated by the stronger price trend reported in Lon- don. Mills are buying sparingly at the moment, however, and only for immediate needs. Scoured wools are in fair demand. Fine territories are Aull, but inquiries are heard for fine staple at $1.10 to $1.15, for half blood at $1 and for three-eighth blood comb- ing wool at 90 cen = e STEEL SCRAP LOWER. V' YORK, May 1 (.- Heavy melting steel scrap has been sold in the Pittsburgh district at $16 a ton a decrease of 50 cents a ton. Con- sumers are taking only small 16ts of varlous grades. Washington S(ock TExbhange SALES Potomac Elec. cons. 55—$2.000 at 100 Wash.. Alex. & Mt. V. b .000 at 12! SR000 At 17 Washington Gan Sa-—$1.000 at 100, Washington Gas 6s '3:-—$1.000 at 103, Potomar Elec. Pow 5 at 107%. 10 at 5 at 9. at 110, Columbia Title Ina. Co Mergenthaler Lino 110 e AFTER CALL omac Elec. Pow. pfd it ctf.—2 at 1 , SATURDAY COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PORTLAND, Oreg., May 1.—Oyster raising on a scale never before ap- proached on the Pacific Coast will be undertaken this year. Practically all the Oregon beds have heen brought under one head, and 21,000,000 young oysters have been ordered for plant- ing. MANCHESTER.—Activity of the rayon fabrics is held here to be re- sponsible for the increase in working forces at the Amoskeag mills to 11,000 and resumption of night shifts in the rayon department, HAZELTON.—The Lehigh Valley Coal Sales Co. has started to store some of its output of the Hudsondale plant. Steam coal sizes are not mov- ing actively. The Jeddo Highland Coal Co. is taking similar action. HAMMOND, La.—The McColgan Kramer interests of McComb City are preparing to start work on a cold storage plant here with a capacity of 10,000 barrels of ripe strawberries. DETROIT.—The Australian _sub- idlary of the Kord Motor Co. of Canada_will start building its own bodies in the next fortnight. The assembly plants have been in opera- tion some time, but heretofore the hodies used have been bought in the Australian market. FORT WORTH.—Wheat has begun to head in Brown County, where the grain harvest usually starts each year. The crop will be superior to that of 1925. Lo s CHICAGO LIVE STOCK MARKET CHICAGO, May 1 (United States De- partment of Agriculture)—Hogs—Re ceipts, 6,000 head; uneven: lighter weight, 10 to 15 lower: others firm: bulk, desirable 180 pounds down, 13.35 a13.50; top, 13.60 for 150 to 180 pound averages; 240 to 350 pound butchers. argely, 12.00a12.80; majority 200 to 5 pound welght, 12.90a13.25; few packing sows, 11.00a11.30; odd lots, sorted killing pigs, around 13.75; ship- pers, 1,500; estimated holdover, 1,000; heavy?welght hogs, 11.95a12.85: me- dium, 12.50a13.40; 12.55a13.70; light light, 12.65a13.80; packing sow: 10.90a11.40; slaughter pigs, 13.25a13.85. Cattle—Receipts, 500 head pared with week ago, better grades of fed steers with welght, 10 and 15 lower; vearlings, 25 to 35 off; receipts expected largest since January: average cost of fed steers. lowest of season: lower grades of killing steers and comparable grades of she stock are steady: good and cholce fat cows and heavy heifer, to 40 lower; vearling heifers off: canners and cutters, strong to higher; stockers and feeders closing active: strong: spots a shade higher: extreme top heavy steers, 10.40; year lings in lberal supply: chojce kind. scarce; best offered. 10.00: bulls, 15 1o 25 higher; bolognas up most; veal- ers, 25 higher. heep—Receipts, 5000 head, for week, around 29,000 head, direct; 203 cars from nearby feeding statiol to- day's market mostly steady: 1wo doubles of 86-.pound shorh lambs. 13.65; receipts mostly direct. Com- pared a week: For wooled lambs, mostly 25 lower. clipped lambs 10 high- lamba, around steady: vearling wethers, 50 lower; fat sheep steady to > er; week's tops fat wooled 16.00; clipped. 14.50. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value, _ today. London. pound $4.8665 $4.86% Montreal. dollar 1.00 franc 21 s. tranc. Berlin, mark. .. Roma. lira. Zurich, fran, Athens. drac Madrid. pese Vienna, crown Budavest. cro Prague, crown. 1435 hinkton Gas 5s—S$1.000 at 100%. | Warsaw. sloty. - 1 Bid and Asked Prices. CRER o L e £ BONDS. NEW YORK, May 1 (#).Foreign PUBLIC VTILITY exchane easy; quotations (in cents): Big, Great Britaln, demand, 485%: cables, Amarican, ol Tf,f."‘flf' ash 435 3.16; 60.day bills on banks, 481 3-16. Am. Tel & Tel. ctl'tr. be 03 France, demand, 3.20%; cables, 3.20%. Anscosya & Pot. B R, Bs.. 08 Italy, demand, 4.01%; cables. 4.02%4. Ana. & Potomac guar. 5s.. 24 L4 9 C. & P. Telephone Bs i 208 Demand—Belgium. 3. L& P Tel. of Va. bs. 208 Capital Traction B, R 20 Gity & Suburban 8s.. 85 28 Georgetown Gas 1st Bs. 98 98~ | zerland, 19. Spain, 3 e e 100w qobagnt Poland, 10.40; Czechoslovakia, Potomac 6y 1965, 00 1083 107 7 [ 2 Jugosiavia, 1.76%; Austria, 1. El. Pow. k. & ref. 7y 106 106% 114.126: Rumanla, %: Argentina, ORI A 40.18%; Brazil, 1437%; Toklo, 47: Wash . Balt. & Ani 5 72; Montreal, 100.03%. Washington Gas 100 Sgarv Washingion Gas dh 0 08 == Wath: Bus: & Hloc gen.'dé.. 108 SHORT-TERM SECURITIES. MISCELLANEOUS, (Quotations furnished by Redmond & Cob 5 ——Close.— Bor s Suomk TRk 50 101 R Por. Joint Stoek 1. 9 ): Wakh. Mkt. Cold Storage...[ 95 A FoeSuper e ot an a8 5 3 Tel. Co. 48 1920, 7 . STOCKS. :nmm:\l}';ldhrgfip;fgs"l;kfl R 10 . 7 ate e 1036 " 102 3 ERETL N won Acated 2 Omo, 6 1020 . 103 ¢ 1031 American Tel. & Telga. 148% ... | Bethlehem Steel s 1938 . 971 9% Capital Traction......."" 10 103 i04 " | Cantral of Georgia 8s 1028 103 © 103 Waehington Gas.. . A8 RRY | Chi. Mil. & St Paul As 1984 ma W 104a) #.?fi:fl}f«‘pm“ msu-nmh«av. %fi! S loRIRTE Pfly‘. 1“» X 1926 lzfl 100% Poiomae Flec, It eif. 0 10815 i0&"" [ CH0 G598 £° 1nt 5s 1027 10013 Mnhé Wash. Rwy. & Elec.com .. 178 ° 180 | Continentai G. & E. 55 1827 100 * 100 Wash. Rwy. & Elec. pfd.. 20 a1 Federated x.(!u. 1 ggg ]g‘l, 132-. NATIONAL BANK e R, 1105 1504 Columbia . seeee.. 380 Great Northern 7 . 113% 114 Commercial . 280 Guit 0il Corp. Pa. 5 100% 101% District 1 310 Humble Ol 8%3 - 102 102 Farmers & M " 3o M. SE P &S S M. 103 ¢ 1028 Federal- Ameri . 320 Mo. Pac. R. 'R Co. 1004 100% Liberty 308 Morris & Co. 718 19 105 " 1051 Lincoln —..... 90 New York Central 6: 107% 108 National Me(ro 200 Oregon Short Line o7 98 Riggn 4 D440 Penna. R. R. 78 1030. 1078 10 Bocond _ ........- ceee. 368 Sinclair C, Oil P. C. 68 100 100 National Bank of Wash. . 275 Swllfl ‘énr'o' 56 ||"n1|“ . g:’& fi;\ TRUST COMPAY nion Baeh R e 2 8 American Security & Trust T Bubher 748 ke 1954 S Merchanta Bank. e e B4 7 1057 106 tional i — . — ings & Trost Union Truet............ Wash. Loan & Trust. 8 SAVINGS BANK. Commerce & Savinge. CHICAGO STOCK MARKET. CHICAGO, May 1.—Following is a repért of today’s sales, high, low and 285 . Washington 28 closing_quotations, at the Chicago 5 Stock Exchange: | saes. High. Low. Close. o[ **100 Adame Ray...... 128 120 129 1400 Am States A 2 2. 2 1800 Am States B i 1 ig .| 2000 Am i i g %5l | 700 Armour A\ ... 1864 184 13: 180 Avmour Del b, 91 ° 90" 9034 880 Armour Il pfd... 81% 80 &l 1400 Auburn Motor.,| B4~ 83 B3% 100 Beaverboard pid, 38 38 38 Cotumbia Title 3 | 100 Bendix zo% 8n 2% Real Eptate Title. . .. ..... 5 100 Borg 1% B Title & Inv. Co. of Md. com. 100 58 9 MISCELLANEOUS. 21 12 12% D. C. Pager pid. . IRy 0 10 1101 Federal | Storage ' ptd. 102 0] 5 8513 68 i Merch. Trans. & Stori s Cppy 18 if "iw Merch: Trans. & Stor. ... 10015 101 | 13 " 58 Mergenthaler Linotype. ... . 108% 110 B 3t Natl. Mtge. & Inv. ptd. .l , &1 8% | i a4l Peoples Drug Stores pfd. ... *984 101 100 01, F012 401, Lanston Monotyi 85 88 100 015 30 301} Security Storage a8 ] sl %5 745 74 Washington Mar} 52 522 wite & ¢ il 11 1”32 Ex dividend. tEx rights. 1Books closed. | 278 Swift Intl .. ... 18% §§ i ST VT T X 100 Wm Oil Autm wi 13;‘ 01 19% TREASURY CERTIFICATES. 380 Yatew Machine.”. 2718 278 27l (Quotations furnished by Redmond & Co.) BOSTON STOCK MARKET. 3%s Dec. ofer. | BOSTON, May 1—Following is a Ba' June 4~ (list of today's highest, lowest and 3391 June closing prices for the most active 18 Mara stocks dealt in here: 4% Dec. I g High. Low. Close. —_— Amoskeag . 401, 49 40y Arizona 108 1010 o4 FEDERAL LAND Bigelow B U u, u e T4% (Quoted by Alex. Brown & Sons 3% 185 13 Maturity. Bid. Asl ¢ l aals o3 3™ gr Nav'iparan.. todd 1oy 43 Dola1) 2han otin 38 Nov, 1p41.3 10317 108 2040 ias use 1% Jan.’ 10543400 10315 103 160 ¢ 160 ¢ 180 142 uly 1esaaiill 1040 103 0 0 0 $iie qul 10ReaR 1l 103, 103 Mergenthaler . 108 108 108 15 gan 1082380 1888 163 Nat Leather . S o P i%s Jan. 19533300 101% 101 New Corhelia. . 20% 20 20 14800 dnaaa il jo14 101 New Eng T & F.00100 113 ° 113 103 4%s Jan. 1943-33 101 101 North_Butte . L2% 0 2% 2% 4is May 1edzdaill 1008 101 Old Dominion 180 18 1 b Mo 0 b i - |Swin'@ o.. uil ik uil = { Swift Internat D isR 16K 1ail } United” Fruit mew. .11 1087 1078 1081 Antique furniture is becoming very ) United Shoe M .48 37& 48 lnupllllr in London offices for the pri- | {ai Shoe M pfd. 8% 28% 28k vate rooms of banjers and merchants. ' Walworth . 17% 1’ 1’ MAY 1926 BUSINESS 1S GOOD, ALL SIGNS INDICATE Harmony Reigns Between Most Workers and Em- ployers This May Day. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, May 1.—~The labor agitator who got out of bed expecting FINANCIAL 31 WE FINANCE ~—al" classes of income-producinz property Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. Secured by first deed of trust on real estats. afling interest and_commission, 67 CONSTRUCTION 0 LOANS FRED T. NESBIT Investment Bldg. M. 9392 We will gladly receive and give prompt attention to ap- plications for Loans or. W Real Estate | | i i shington Current rates of interest. to be queen of the May today un- doubtedly received a second awaken ing. Not for years have the relations between employers and employes been more harmonious in general. Only a few disputes are In progress, of which the Passaic textile strike is perhaps the worst, and few are pending. The building trades, the highest paid of all the unionized lines of labor, have ironed out most of their differ- ences and in many sections contracts already signed will assure peace for a long time to come. Wages now are out 2 per cent higher than at this time in 1925, Wage Payments Higher. Wage payments in industrial lines, which are a good indication of manu- facturing activity, are higher in some sections than at any time in two years. In Chicago, however, there has been i 10 of 1 per cent in number ves and a decrease of 3-10 of 1 per cent in payrolls. Nearly every- where both wages and employment are above the 1925 level for the cor- responding time. Men are needed on farms in many sections, the road work having absorbed many itinerant laborers. Farm wages are fully up to the 1925 Spring level. Little confusion attended the activi- ties always due on this, one of the semi-annual moving days. Migrations were not so extenafve as usual. since rents for householders in many dis- tricts showed declines. Movers had the situation well in hand. aided by the additional time which the Satur- day and Sunday period afforded this vear. In contrast to the drop in rents for houses and apartments in the larger centers, the amount paid for business and office space advanced. The volume of building contracts let showed a consistent gain com- pared with last vear, but the lowered cost of materials has not seemed to put any added impetus into construc- tion. Production, shipments and new husiness in lumber all showed a gain | this week. Retail Business Is Good. Despite the general clamor about {the hackwardness of the season, re- tail merchants in some districts are finding from their quarterly state- ments that they have done the best business on record in any first quar- ter. In New England department store sales ran 5.2 per cent ahead of the corresponding period of 1925. In Roston women's apparel shops, shoe stores and grocery stores did a splen- did husiness in the last month. In- allment sales ran 50 per cent ahead of those for the corresponding time last year In Philadelphia retail sales jumped 93 per cent ahead of a year ago, while wholesale sales were 25 per cent higher. Shoe sales advanced 5 per cent. From two widely separated sections come favorable reports of prospects for wheat. In Texas the crop is ex- pected greatly to surpass that of last vear. In the Northwest, North and South Dakota and Montana are get. ting on well with Spring plowing and prospects are excellent. Vegetables and early fruit and melons have com- menced to come from the South and Southwest and are ylelding splendid returns to growers. Navigation is slowly opening on the Great Lakes and coal shipments through the straits of Mackinac al. ready have started. ‘The first ships of the season left Chicago today for Har- hor Springs, Mich. Employment in Detroit, the center ntomobile manufacture, slumped 08 workers to a total of 251,578, which, however, is hizh above com- parative figures for 1925. Four com- panies have put new models on the market in the last few days. Most of these are of the sport or roadster type, with features which permit thorough _protection in inclement weather. These undoubtedly will spur sales and the weather is exercising fa- vorable influence. The steel industry showed little change. Soft coal con- tinued in its slump. Ol bettered its position. In the non.ferrous metals, sliver made some recovery, lead was fairly active and copper and zinc were dull. DISMISSAL OF SCORE OF DRY AGENTS ASKED Baird Reports Resnlt of “Weeding Out” in Philadelphia Office to Andrews. Dismissal of more than a score of prohibition agents in the Philadelphia office was recommended to Assistant Secretary Andrews. in charge of pro- hibition enforcement. today by F. C. Raird, Pittsburgh administrator, who was recently asked to reorganize the Philadelphia district. Baird reported to Mr. Andrews to- day the progress he has made in re. organizing the Philadelphia office. In three days, he safd, with the aid of two assistants, the entire force of this office, which includes eastern Pennsyl- vania and New Jersey, was gone over and “‘weeded out The exact number of those lat out was not available, Mr. Baird said. be- cause he had left the final checking up on personnel to his assistants. i Welding to Replace Riveting. The terrific, nerve-wracking din of riveting guns in the construction of steel buildings will be silenced within a few years, according to A. G. Bis- sell, general engineer of the Westing- house Electric and Manufacturing Company. Arc welding will replace the rivets. Welded joints now are used in air- planes and ships, and a few skyscrap- ers already have been constructed noiselessly. Only a few more steps need be taken, Bissell predicts, before the method will be recognized through the country as not only practical, but as a cheaper and better method of construction. The workman is equipped with a fiber hood and wears glasses to pro- tect his eyes from the glaring light. A closely woven suit, a leather apron, gauntlets and bellow-tongued shoes protect him from flying incandescent particles. o e The Truth About Lying. From the Argonaut. A soldier went to his colonel, and asked for leave to go home to help his wife with her Spring cleaning. “I don't ilke to refuse you,” sald the colonel, “but I've just received a letter from your wife saying that you are no use around the house.” The soldier saluted, and turned to go. At the door, he stopped, turned, and re- marked, ‘‘Colonel, there are two per- sons in this regiment who handle the truth loosely, I'm one of them. I'm not o OFFICES OF THE Lanston Monotype Machine Co. hiladelphia, April 10. 1026 Should you have Money to Invest The ann o —we can 3 ak g‘x;iANl%lON"I!.a'i‘in Sthie atockholders ot we can also take care of oy conter Sy el g Goee Mazmn | you Our experfence, extend- ARttt ok Jai o | | 18 yer. & period of the purposs f electing % Bosrd of D Thirty-Five Years tors Lo serve for the ensuing year and trans. acting sueh other 1 Zome Defore ‘the meeting. 2 ™Ay proerly i T;l‘l:'lc’l;)‘ekboohl wi ]fl,- r’IIBM on April 26 mm.. May 11 at 10 o‘clock I'JB. e o By order of the Board of Di JOHN'A. FERGUSON, § —insures your protection. Percy H. Russell Co. 926 15th St. N.W. Our Clients’ Success Is Responsible for Qur Success F:very investor in First Mortgage Notes has always received his interest and principal when due No Delay. Guaranteed annual return of 6! Safety and Dependability of Medium. [SHAMNON. & TUCHY) 713, 715 and 717 14th St Main 2345 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Tmproved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland. FOR 3, 5 OR 10 YEAR PERIODS 5Y2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Business Properties . Office Buildings PROTECT—AND BE PROTECTED It is an economic truth that the better you protect your funds the better they will pro- tect you. In our 6'2% FIRST MORTGAGES —vour principal is protected by the sound security of desirable real estate. The fun«s yvou de- pend upon for financt | comfort are entirely free fre 1 specula- tion or fluctuation dangers. Regular interest protects and preserves the earning power of your dollars. B. F. SAUL CO. Main 2100 925 15th St. N.\W. A Third of a Century Without a Loss EFFECTIVE TODAY, THE FIRM OF LEWIS, MURPHY & CO.. ACCOUNTANTS. AUDITORS AND TAX CONSULT- ANTS, IS DISSOLVED. MR. D. B. LEWIS WITHDRAWS FROM THE PARTNERSHIP TO TAKE OVER THE BUSI- NESS OF THE BOSTON OFFICE UNDER THE NAME OF LEwWIS & MAGEE CERTIFIED PUBLIC ACCOUNTANTS PARK SQUARE BUILDING., BOSTON Joun D. MURPHY D. B. Lewis Ine LANIER Epwamd T. QUINN JoszrH F. BOLAND 5. 8. MU BOSTON. MASS.. MAY 1. 1926 THE UNDERSIGNED ANNOUNCE THE FORMATION AS OF THIS DATE OF THE FIRM OF MURPHY, LANIER & QUINN TO. SUCCEED TO THE BUSINESS OF LEWIS, MURPHY & CO.. IN NEW YORK CITY, CINCINNATI, CHICAGO, PITTSBURGH AND WASHINGTON, D. C. JOMN D. MURPHY IKE LANIER EDWARD T. QUINN JosepH F. BOLAND B. G. MURPHY