Evening Star Newspaper, May 2, 1926, Page 52

2 INANCIAL THE SUNDAY STAR, WASHINGTON, C, MAY 2, 1926 PART 1 FINANCIAL. Total Sales....... Bame period a year ago. 104% 117% 90 10 47 T 86% 9% 1 119 80 117 7114 4 NEW YORK STOCK EXCHANGE Last Week. Year to Date. eees 6,305,473 156,818,920 «+ 5,046,990 188,810,808 ~1995-26— High. Low. 84k 62 . Stock and vl Abitibl Power & Abraham & Straus 79 ‘Adams Express (8) Advance Rumely . Advance Rumely pf (3).. Ahumada Lead (t1). Afr Reductton (15) Ajax Rubber. Alaska Junea All American Cables (7). Allfed Chem & Dye (4). .. Allied Chem & Dye pf(7) mers Mfg (6).. 103y 4 248 18% 361 348, 238 7 19% 901 1074 Am Agricultural Chem Am Agriculturl Chem pf. Am Bank Note (1.60) Am Beet Sugar. .. Am Beet Sugar pf (7 Am Bosch Magneto i Am Brake Shoe & Fy (8). Am Brake Sh & Fy pf(7). Am Brown Bov Elec (2). Am Brown B Am Can (2). Am Can pf (7). 5 Am Car & Foundry 22% 37 341 85 87 4% 105% 17 87 8% 41 264 825 7413 a2 1% 20 53 90% Am Car & Foundry pf(7 Am Chain Class A (2). Am Chicle. .. Am Chicls ct Am Chicle prior pf . Am Chicle prior pf ctfs.. Am Druggists Syndicate. Am Express (6)... B Am & Forelgn Power Am & For Power pf (7).. Am Hide & Leather Am Hide & Leather Am Home Products. Am Ice (110). Am Ice pf (6) Am International s Am LaF Fire Engine (1). Am Linseed. . e Am Linseed pf (7). Am Locomotive (8)... Am Locomottve pf (7). Am Metal (4) Am Piano pf ( WEEK ENDING MAY 1, 1826. 73 107% 107% 111% 111% 8l 8% 1124 113% 9%, 9% 13 1% 1361 136% 115% 117% 120% 120% 2 82 109 109 26 17 564 38% 118% 118% 115 36% 96 9% 119% 119% 50 50% 95 95 109% 111 % TT% ~102 1+ N & +hl Lkl 1201000010 @ 1111+ +44+1 144 Last Week. High. Low. . 3 Average price of 50 stocks.... 119.67 11838 139.16 109.60 Same period & year 8g0... 526 Low. Stock and dividend. 443% Coty Inc (4) 64 Crucible St 7% Cuba Cane Sugar. 87% Cuba Cane Sugar p! 39% Cuba Co (4)...... 20 Cuban Amer Sugar (2)... 937 Cuban Amer Sugar pf(7). 1% Cuban Dominican Sugar. . 16 Cuban Dominican Sug pf. 71 Cudahy Packing (7)..... 62 Cushman’s Sons (3)... 43 Cuyamel Fruit (4)....... % Danlel Boone Wool Mills. 273 Davison Chemical 821 Doere & Co pf (7) Delaware & Hudson (9). . Delaware Lack & Wn (17) Denver & Rio Gr West pf. Detroit Edison Co (8) Devoe & RayndsA (2.40). . Dodse Brothers Class A 2 Dodge Brothers pf (7). Dome Mines (2). . Douglas Pectin (1).... Duluth So Shore & Atlan. Dupont de Nemours (+15} Dupont debentures (8). .. Dugquesne Light 1st pf(7) Eastman Kodak (18)..... Eastman Kodak pf (6). Eaton Axle & Spring (2). Elsenlohr & Bros. . . Elec Auto Lite (16% Electric Boat. Electric Power & Lig] Elec Pow & Light pf (7). El P&L pf ctf 40% pa(7). Electric Refrigeratn otfs Electric Storage Bat (18) Elk Horn Coal Emerson-Brantingham. . . Emerson-Brantingham pf dicott-Johnson (5). ... Endicott-Johnson pf (7). Equitable Of Bldg pf EurekaVacuum Clean(4). 4 Fairbanks-Morse (3). Fairbanks Morse pf (7) 112.85 101.16 FEEREREEE 14 F ¥ F 245 b+ VOLUME OF STEEL BUYING HOLDING No Noticeable Falling Off Seen—Copper Trade Con- tinues Light. By the Assoclated Pross. NEW YORK, May 1.—The echarac- ter of buying in the steel market dur- .ng the past weex was again largely for immediate or nearby delivery, but the volume showed no noticeable fall- ing off from the recent rate. Produc. tion appeared to be gradually decreas- ing to conform with the current de- mand although still in excess of new business. Aside from sheets, prices were steady, but confidence relative to the future was largely lacking among buyers. Pig iron was quiet with sales confined to small lots and prices were barely steady. Business in copper has been light both at home and abroad. Home con- sumption {s belleved to be proceeding at a satisfactory rate, but with pro- duction heavy, the market is sup. posed to hinge on the demand abroad, and domestic buyers are evidently disposed to operate cautiously in the absence of export interests. During the past week, forelgn markets have naturally reflected the British labor situation, which seemed to offset the favorable sentimental effect of the French debt settlement, and while -1025-26— . . Low. Stock and dividend. High. Low. Close. Chge. | High. Lcw. f.... 4215 42% 42% — l'a| 67% 48% Royal Dutch (a1.339).... b52% bl% 62 - 1 | 62% 42 Rutland pf.. e ixh. 656% 407 Market St Ry prior 464 24% Market St Ry pf. 85 18% Market St Ry 2d p! 603 82% Marland Ol (4).. 327 10% Marlin-Rockwell (2) 37% 18 Martin-Parry (2).. 107% 61 Mathieson Alkall (4) 139% 101 May Dept Stores (5). 26% 20% Maytag Co (2).......... 243 18 Metro Goldwin pf (1.89). 2213 6 Mexlcan Seaboard. . Miami Copper (1).. 3 Mid-Continent Petroleum some of the producing interests have been holding steady at 14 cents, sales have been reported at 13% for elec- trolytic delivered at Connecticut Val- ley points. Tin has eased somewhat despite good buying of June, July and Au- gust by consumers, owing to the de- cline in London. Large American de. liveries were offset by the increase in shipments from China. Prompt straits still command a big premium over futures owing to scarcity on the spot. Léad was less active, the heaviness abroad and possibility of importation of Mexican ore serving to defer pur- chases in anticipation of lower prices. Zinc was_lower, reflecting the de cline abroad and the continued slow domestic demand. Antimony was weak under increased offerings of both spot and future ar rivals. COFFEE FUTURES QUIET. NEW YORK, May 1 (#).—Coffee futures were quiet today, with prices a few points higher on further cover- ing by near months shorts and a little trade buying. The market opened un- changed to 5 points higher, and after selling up to 18.15 for September, showed little further changes. The close was 4 to 10 points net higher. Sales were estimated at 10,000 bags. Closing quotations—May, 17.30; Jul 16.92; September, 16.17; December, 16.82; March, 15.17. Spot coffee quiet. Rio Ts, 193 to 19%; Santos 4s, 22 to 22%. Owing to the holiday in Br: few if any cost and freight offery were received, and there were no mifreis quotations from the Brazilian markets. Brazillan port receipts yesterday, 33,000; Jundiahy receipts, 15,000. Net. | —~1925-26- Stock and dividend. MFADDEN BILL'S CHANCES IMPROVE Special Status Voted—Local Security Prices—Work to Start on Bank Annex. BY EDWARD C. STONE. Chances lor passage of the McFad- den banking bill appear brighter than they did a fkw days ago. The Repub- lican steering committee in the Senate has voted to sive the bill privileged status along with severat other very important measures now awaiting consideration. It is irntended to take up this measure after the railroad la- bor bill has been disposed of. While neither of these bills are near the top of the list, yet it is expected by their supporters that both will be reached at this session. The general belief that Congress will not adjourn as early as had heen planned by the lead- ers also makes the outlook for the passage of the McFadden bill in some form or other much more probable than it was early last week. Record Convention Expected. H. G. Hoskinson, chairman of the transportation committee of the Dis- trict Bankers' Assoclation, arranging for the coming convention at Hot Springs, Va., reports that applications are coming in so rapidly that the meeting is almost certain to have the Net. High. Low. Close. th::; 49 49 49 -2 | 64 4214 Safety Cable (4).... 49 4% 1| s2w 1% | 1021 1| gy 3 14 3% | gy 1! o | 108n 48 St Joseph Lead (13)... 39% 38% - St Louis St Louls-San Fran pf (6). 87 St Louis Southwestern... 6 i 66% - St Louls Southwst pf (5). 78 Savage Arms (4)...... 13815 4215 Schulte Retail St (§8) Seaboard Alr Line.. ... 4 Seaboard Air Line pf. Seagrave (1.20).... san Fran (7).... 91% 9% — largest attendance yet recorded. Fran- | cis G. Addison, Jr., president of the assoctation, and W. W. Spaid, general | committea chairman, share this view. They expect to keep John M. Riordon, head of the hotel committee, decidediy busy i completing the hotel arrange ments. Work to Start on Bank Addition. | The work of tearing down the three stores on I street, next to the Wash- ington Loan and Trust Co.'s building, preparatory to the erection of a large addition to the bank, will begin tomor- tafled plans have not been completed, the annex will be the same height as | the parent building and of the same | type of architecture and material. It will make a very imposing structure— one that .will give further distinction to that section of the city and at the same time meet the bank's urgent need of more space Banker Proud of Virginia. Viccor B. Deyber must have 1 hit with Virginia bankers in his re- By way of greeting he s: “My mother i parents were married at Old Church, Richmond, and it was by a mere accident of business that my | parents left the State a few months | prior to my birth, and I have always | deeply regretted t 1 could not call | myself a native Virginian. My grand mother and parents sleep beneath the hallowed sofl of Hollywood Cemetery, and when my summons comes I hope then to be gathered to my forefathers and laid in the sacred soil of this great old Commonwealth.” Unlisted Securities Prices. Following are the bid and prices of local securities not row morning. The new structure will | occupy a 65-foot frontage. While de- | duration and not | ing 14 lower at £ under Washington Stock Exchange rules, the quotations being published for the guidance of those dealing in these issues: ap ke Rs Connecticut Pie Co. .. Christian_Heurich Brewery Departmental Bank | Distriet" Tl Insuraice ¢o Munsey Trust Co TRADING NARROW IN STOCK MARKE! British Strike Has Small Ef- fect on List, But Sales Decline. By the Associat NEW YORK, Desultory trading character v's stock narket. with the general hody of stocks drifting within narrow and ir regular limits. Weakness cropped otit few special issues, but it failed i « v unsettlement in the stand ard rails and industrials. Total sales were only 456,100 sh. 3 possibly to restrict trading. ; rike in Great Britain for next Tuesday, had little in fluence on the securities m did caus selling of sterling ex change, demand bills easing 1 of = cent to around $4.85%. While no ef fort was made to minimize. the serious ness of the situation in Great Britai there was a rather general feeling in the financial district that if the strike went into effect it would he of short <e any serious d turbance to International trade. United States Steel common flu tuated within a ra 1 point, cl Fractional 1+ cessions also were recorded in sur issues as Allied Chemical, Americar Can, Anaconda Copper. Americar Smelting, Davidson Chemical, Inter national Combustion. Montzomer Ward and Texas Gulf Sulphur. a though some of which had sold dowr to 2 points in the early trading Oils displayed a_relativel ! dertone as a result of the ward readjustment of gasc Motors sold off in the e but rallied on short covering ent rumors of a generous extra dividend b 1 Motors this mont} acting as a s inE infiuehee. Dol Savinge Bank . | levels for the yvear 0l Daten Market of Va. pfd i | over four points to 34, Park Savings Bank : | covering about half its loss. Gimbel * | Brothers broke four points to 51 ness also develop Mid-Continent Pet pf (7). 95 % 49 Sex Co (215). Middle-States Oll. . ‘opper. ... g Middle States Ofl ctfs. .. . Shattuck (Frank G) (2) Midland Stl Prod pf (+10) 117% 39, Shell Tr & Trad (96%s¢) .. Miller Rubber ctfs (2)... 36 215 Shell Unioh Ofl (1.40). . 5% 26 3N 4 Minneapolis & St Louls.. 24 : 9915 Sheil Union Ofl pf (6) 1041211064 Minneapolls St P&SSM 36 3 102% Sherwin-Williams pf(7). 107 Minneap St P&SS Mpf. b 3 3 511 Sheubert Theatre. .... 61% Missour! Kansas & Tex.. 39% » 313 Stmmons Co (12%). .. 3 41ty 4 Mo Kansas & Texas pt (6) 91% Simms Petroleunr (1) 228 2 21% Mtssouri Pacific. . 33% 17 Sinclair Consol Oil. ¢ Missourf Pactfic pf...... 82% 4 Sinclair Consol O11 pf(8) . * Montana Power (5) . .19 Skelly Oil (2). Montana Power pf 310 Sloss-Sheft Ste i Montgomery Ward . 6 Sloss-Sheft S & Ir pf (7). Moon Moters (3). . 304 South Porto Rico Sug(6). Mother Lode Coalit (%). 6% Southern Dairies A (4) Motion Picture (1%4).... 20% Southern Dairles B. Moto-Meter Cl A (3.60).. 40% Southern Pacific (6) Motor Wheel (2).. . 264 77% Southern Raflway (7).... Mullins Bod . 14w 83 Southern Railway pf (5). Munaingwear ( 35% % 72 Spear & Copf (7).. s Murray Body. . 64 16% Spicer Mfg 2 Nash Motors . 56% 40% Standard Gas & E1 (3). ‘ashville Chat & StL(7). 163 504 Standard Gas & El pf (4). at Acme (stamped).... 9% 9 | 92 62 Standard Milling (5). % Biscult (). S BB - 674 51% Standard Oil of Cal (2). 1814 4 4| 473 38% Standard Oflof N J (1). Famous Players-Las (8). Famous Players-L pf(8) Fed Lt & Trac (*1.40) 4 Fed Mining & Smelting.. .. Fed Mining & Smel pf (7). % Fidel Phoenix F Ins (6). . First Nat Pic 1st pf 19.44 First Nat Stores (1%) Fisher Body (5). Flisk Rubber. . Fisk Rub 1st pf stpd (7). Flelschmann Co (2). . Foundation Co (8) Fox Film Class A ( Freeport-Texas. Gabriel Snubber A (13%) Gardner Motor....... Gen Am Tank Car (3) Gen Am Tank Car pf (7).. Gen Asphalt Gen Asphalt pf (5) . Gen Clgar (4). Gen Electric (c8). Gen Electric Spec ( Gen Gas & Elec A (e1%). % Gen Gas & Elec7% pt A.. Gen Gas & Elec 8% pf A. Safety Razor (3) “ommerce. . .. itinz & Refin (7). 1207 115% 119% elt & Refin pf (7). 116% 115% 116% 715 Am Snuff (12)....... 140% 140 140% 375 Am Steel Foundries (3).. 417 414 414 108 Am Stl Foundries pf (7). 1131 112 118% 47% Am Sugar Refining (5)... 70% 68 694 91 Am Sugar Refining pf(7). 102% 102 102 6 Am Sumatra Tobacco. ... 84 9 130% Am Tel & Telegraph ( 145% 146% Am Tobacco (8)... 114% 115% CIB (8). 5% 114 1131« 104% Am Tobacco pf (6). 4 1104 110% 34% Am Water Works(c1.20). 491 149% 98 Am Water Works pf (7). 310415 104 104% 2314 Am Woolen............. 31% 23% 26% 66 Am Woolen pf (7)... 66 3 1% Am Writing Paper pf.... 3. =8 15 Am Writing Papr pf ctfs. 214 EM 7 AmZincLead &Sm...... 8 % % 2474 Am Zinc Lead & Sm pf... 284 807% 35% Anaconda Copper (3) 43% 48 26 Archer-Daniels-Midla 90% Armour&Co of Del pf(7). 924 914 91% 15% Armour&Co of 11l CIA(2 X e Savings Bank .. ieh Hotel Co... ... Wathinelon Bas Ban Ciup’ 637" 05 Woodridge-Langdon Sav. BK. Sl Bank Clearings Increase. Suit, and United A There was a decldedly larger margin | can Woolen issues rallicd on the an of increase in bank clearings during [nouncement that the company was the week, leading cities of the United [ not considering any new financing. States reporting an aggregate of $9.-| Rails were sluggish, the on 4,863,000 to Dun’s Review. This is | change of consequence by a drop per cent more than the amount |of nearly two points in St. Loui a yvear ago, whereas the gain last [ Southwestern. week was only 1.4 per cent. The New | Trading in the commodity market= York City clearings this week—$6,044,- [ was quiet with price changes genera 000,000—are 24 per cent above those |ly unimportant. Wheat and cotton for the corresponding week of 1925, | futures displayed a slightly firme: while the total for the outside centers | undertone. Raw sugar was unchange:l —$3,310,863,000—shows an expansion | and coffee ruled four to ten point= of 6.3 per cent. Nearly all of the cities | net higher. ineluded in the statement report gains, | Foreign exchanges, other than ster notably Boston, Baltimore, Atlanta.|ling, held relatively v in quiet Louisville, Dallas, Cleveland, Los An- | trading. French fr round geles and Seattle. 13.30 cents and Belg ancs aroun: A well defined downward trend to |3.30 cents. Other changes were nomi rallied one. He * Pl l+++1 00004 #1000+ 1+ o b PR o LLEE L Yob w .8 o SEEFE »2 PrEFS + 1 l+F++ S5 117% 1131 21 91 32 59 140% 116% 9915 924 1 951 1% Armour & Coof 11 CI B... Armour & Co of Il pf(T). Arnold Constable & Co. Artloom (3).. . Art Metal (1)... 5 ‘Assoc Dry Goods (232)... 43 Assoc DryGood 1st pf(6). 197% Assoclated O11 (2)....... 53 ‘Atch Top & Santa Fe (7). 134% ‘Atch Top & S Fe pf (5) 9914 Atlanta Birm & At. 1% Atlantic Coast L(+9 Atl Gulf & West Indies. . Atl Gulf&West Indies pf. Atlantic Refining. . Atlantic Refining pf (7).. Atlas Tack...... 18% 50 197 197% 403, 41 97% 97% 511 52% 130 $130% 98 LIl +41 P Gen Gas pf B (7) Gen Motors (112). Gen Motors pt (7). Gen Outd Adv vot tr ctfs. Gen Outd Adv CLA (4). Gen Petroleum (3). .. 60% Gen Ry Signal (14%).. 903 Gen Ry Signal pt (6). 12% Glidden Company (2). 37 Gold Dust 36% Goodrich (B F) Co (4) 92 Goodrich (B F) pf (7) 9815 Goodyear Tire&Ru p£(7). 8614 Goodyear T & R pr pf(8). T+4+101 1 o SR 1 & Nat Cash Reglster (3) Nat Cloak & Sult. . . Nat Cloak & Suit pf (1).. 176 Nat Dairy Products (3).. 63" 26% Nat Dept Stores..... t Distillers Products. . t Distillers Prod pf. 25 Nat Enam & Stpg 188 Nat Lead (8).. 114% Nat Lead pt (7) 16% Nat Power & Light (40¢). 314 Nat Rys of Mex 15t pf. 54% Nat Supply (4) 120 NatTeaCo (4). : 11% Nevada Consol Cop (1) 3114 N Y Alr Brake (2).... 50% N Y Alr Brake C1 A (4) 119 16 M6% Standard Oil of NJ pf(7). 5% Standard Plate Glass. 62% Sterling Prod (4). 65 Stewart-Warner (6)... 61 Stromberg Carburet (8).. 41% Studebaker Co (5)... 1% SBubmarine Boat 30% Sun 011 (11) 2 Superior Oil. 19 Superior Steel (2) 5% Sweets Co of America. 7% Symington 16% Symington . 7% Tenn Copper & Chem (1). 42% Texas Co (3) 97% Texas Gulf Sulphur (10). 42% Texas & Pacific . prices still features the wholesale com- modity markets, 42 out of the 66 changes that appear in the list of quo- tations being declines, against 24 ad- vances. In the previous week's com- pllation, there were 45 reductlons and 20 increases; in a similar comparison for the corresponding week of last year, 29 recessions contrasted with 18 advances. Less Credit Required. the country as a whole. Total dis- counts of the 12 reserve banks jump- The downward trend in reserve | bank rediscounts was interrupted | during the fourth week in April in | nal. WEATHER NEWS PUTS WHEAT PRICE HIGHER Deliveries of May on Contract Meager—Market Closes With Tone Firm. il i E+) 33% Gotham Stk Hos (2%)... + ed $63,898,000. By the Associated Proes. But in the fifth district, in which | CHICAGO, May 1.—High temper: Washington s represented, discount |tures and continued drought over most Gotham Silk Hos pt (1) 31% N Y Canners (c2) .. 10% Texas & Pac Coal & Ol Gould Coupler C1 A (2). NYC i E g % il Conln Conpler UlA L 84 N Y Canners pf (6) 785 210 Texas Pac Land Trust. vk ‘Auto Knitter Hostery 156% 120% Brooklyn Edison Elec(8). 139 Baldwin Locomotive (7). 107% Baldwin Locomo pf (7).. 108 2alt! & Ohio (5). . . 90% % Balt! & Ohio pf (4 6914 Bangor & Aroostook (3).. 41% Bangor&Aroostook pf(7). 1001 Barnet Leather. 5 45 Barnsdall CLA (2). Bayuk Clgars Beech-Nut Packing (3). 59% Belding Brothers (3). 33% Bethlehem Steel . 417 Bethlehem Steel p) ... 100% Bethlehem Steel pf (8)... 115% 3114 Botany Con Mills CIA(4). 82% 2614 Briggs Manufacturg (3). 29 1% British Empire Steel..... 1% 2% British Emp Steel 2d pf.. 3 851 Broowlyn-Man Tr (4).... 727 Brookn-Manhat T pf (6). 68 Brookn Unfon Ga 80 Brown Shoe (2). 24 Brunswick-Balk 3 Brunswick Ter & Ry Sec. 12% 921 Bifrns Brothers Cl A(10). 13813136 17 Burns Brothers CIB (2). 38% 336% 91% Burns Bros pf (7) 100 99% 65 Burroughs Add Mach(8). 87 85 14% Bush Terminal . 28% 80 Bush Terminaldeb (7)... 89 4% Butte Copper&Zinc(50c). 6 6% Butte & Superior (2). 17 Butterick Company 28 Byers(AM).... 79% 100% California Pack!; 1"\{ 2374 California Petroleum (2). 84% 1% Callahan Zinc & Lead. ... 6434 46 Calumet & Ariz (14%2)... 18% 1234 Calumet & Hecla (13%) 162 186% Canadian Pacific (10) 90% 24 Case (JI) Thresh Mach.. 107% 60 Case (J I) Thres M pf(7). 1%;‘: 8% Central Leather Co 43% Cent Leather Co pf. 240 Central R Rof NJ (113 13 Century Ribbon Mills 48% Cerro dePasco Copper(4). 871 Certain-teed Products(4) 16 Chandler-Cleveland...... 31% Chandler-Clev pf (4 89% Chesapeake & Ohlo ( 3% Chicago & Alton. 6% Chicago & Alton pf. . 29% Chicago & East Illinols. . 8614 Chicago&East Illinots pf. 7% Chicago Great Western. . 16% Chicago Great West pf... 8% Chi Mil & St Paul . 7 Chi Mil & St Paul pf. 7 Chi Mil & St P ctfs of 12% Chi M&St P pf ctfs of dep 47% Chi & Northwestern (4).. 126% 101% Chi & Northwestn pt (7). 126% 80% Chi Pneumatic Tool (5).. 116% 40% Chi Rock Island & Paclfic. 52% 82 Chi Rock Isl & Pac pf (6). 87 - e FHEES FESIFFEFES R RER RSN SRR AR L PR S AR 92 Chi Rock 1sl & Pac pf (7). 99% 45 Great Northern pf (5) Gt North Ore ctfs (1% Great Western Sugar (8). Great West Sugar pf (7). Greene Cananea Copper Guantanamo Sugar. .. Gulf Mobile & Northern. . Guif Mobile & Nor pf (6). Gulf States Steel (5) « Hartman Corp (2%) Hayes Wheel (3). Helme (G W) (16%). Hocking Valley (112).. Hoe (R) & Co Class A. Homestake Mining (11) 34% Household Prod (13%). 50% Houston Oil. .. . 165 Howe Sound (3). 21% Hudson & Manha: 64% Hudson & Manhat pf (5). 83% Hudson Motor Car (3) 14% Hupp Motor Car (1).. 111 Illinois Central (7). 112% Iilinots Central pf (6) 184 Independ Oil & Gas (1)... 18 Indian Motorcycle (2) 5% Indian Refining. 6 Indian Refining c 77 Ingersoll Rand (3)... 87 Inland Steel (23%) 104% Inland Steel pf (7) 213 Inspiration Copper (2). 18% Interboro Rapid Transit. 143 Intercontl Rub (1)... 7% Internat Agricultural 40 Internat Agri prior pf(7). 3814 Int Business Machine 52 Internat Cement (4) 102 Internat Cement pf (7)... 81% Internat Comp Eng (2).. 96% Int Harvester (6)....... 113% Internat Harvester pf(7). 53% Internat Match pf (8.20). 7% Internat Mer Marine. 27 Internat Mer Marine pf. 24% Int Nickel (2). 4434 Internat Paper 464 Int Paper 2d paid. 86 Internat Paper pf (7) 18 Internat Rys of Cent Aj 108 Interpat Shoe (8). 87% Internat Tel & Tel (8) 18 Intertype Corp (t1%) 16% Jewel Tea........... 11% Jones Bros Tea..... 81% Jordan Motor Car (3). ... 99 Kan City Pr&L 1st pf(7). 28% Kansas City Southern. ... 57 Kansas City South pf(4). Kansas Culf. . Kayser (Julius)& Co(3) Kelly-Springfield Tire. . .. Kelly-Spring Tire 1st pf.. Kelly-Springfield Tire pf. 1 Kelsey Wheel (6).... Kennecott Copper (4) Keystone Tire & Rubb ) | P I 1++ 1 FEEI#TEI+*¢L {1+ T 1) NIRRT 118% N Y Central (7 . o ¥ i 4 27T% The Fair (2.40). 118 NYChi&StL 88% N Y Chi & St L pf (6) 89% N Y Chi & StL pf ctfs 18 D 19% N Y Ontario & Western. . 5 N Y Rallways pfctfs 217% Norfolk Southern. . 2815 Norfolk & West (18) 751 Norfolk & West pf (4).. 413 North Am (b10% sock) .. 46% North Ampf (3)........ 91% North Am Edison pf (6). 78% Northern Central (4).... 58% Northern Pacific (5)..... 913 Norwalk Tir & Rub(1.60) 30% Ofl Well Supply (2)... 103% O11 Well Supply pf (7) 14% Omnibus Corp. 18% Onyx Hoslery. 78% Onyx Hoslery pf (7). 41% Oppenheim Collins (3) 25% Orpheum Circuit (3) 87% Otis Elevator (8) 8 Otis Steel. 50% Otis Steel pf 42% Owens Bottle s 110% Owens Bottle pf (7). 20 Pacific Coast. ... 102% Paclific Gas & Elec (8). 51% Paclfic Ofl (3) . 16 Packard Motor Car (2) 17% Paige-Det Mot Car(1.80). 56% Pan-Am Pet & Trans (6). 56% Pan-Am Pet & TCI B (6). 67% 34 Pan-Am West Pet B (2).. 40% od & Ref. 14% 2% Panhandle 37 Panhandle Prod & Ref 19% Park & Tilford. . 6% Park Utah (800). 47 Pathe Exch, ClA (c8). 16% Penick & Ford...... 10% Pennsylvania Coal&Col 48% Pennsylvania Railrd (3). 1 Penn Seaboard Steel. . 16% Peoria & Eastern. . 61% Pere Marquette (18) 6814 Pere Marquette pL(6)... 78 Pere Marquette pr pf(6). 59% Phila Co'(4)... . 46% Phila Co of (8) 36% Phila & Read Cot 12% Philip Morris & Co 36V Phillips Petroleum (3) 10% Plorce-ATTOW. ...oceeses 48 Plerce-Arrow pf. 1 PlerceOll.. 19 Plerce Oll pf. - 4% Plerce Peltroleum. . 1% Pitts Coal....... g() Pitts Terminal Coal. * 0 & FFEFREE 4 Warner Bro Pic Cl1A. Weber & Hellbroner (4).. 88% WestPenn Electric A (7). 1815 Third Avenue 4214 Thompson J C (3.60) . Tide Water Ofl (1) . Tide Water Ol pf (5) Timken-Detroft Axle(t4) Tobacco Products (7). Tobacco Prod Cl A (7). Transcontinental-Oil. Twin City Rap Tr (3).... Under vood Typewr (4).. Union Bag & Paper. Union Carbide (5) Union Oil of Cal (2) Unfon Pacific (10) Union Pacific pf (4) Union Tank Car (5) Union Tank Car pf (7). United Alloy Steel (3 United Cigar Stores (c2). United Cigar St pf (7). United Drug (8).. United Drug 1st pf (3%) . United Frut. e United Paperboard (2). .. United Railway Invest. United Railway Invest pf. US Cast I P& Fdy (10).. US Cast I P& Fdy pf(7). U 8 Distributing. ... U 'S Hoffman (13%) U 8§ Industrial Alcohol. . . U S Industrial Alco pt(7). U S Realty & Imp (4) U S Rubber. i U S Rubber 1st pf (8 U S Smelt Ref & M (3%) US Smeit R & M pf(3%) U S Steel (7)... U S Steel pt (7). Univer Pict 1st pf (8) Univer Pipe & Radlator Univer Pipe & Rad pf (7). Utah Copper (5).. i Util Pow&Lt Cl A(e2) . Vanadium Steel (3).. Vick Chemical (3%) . Va-Car Chem new w { Car Chem 6% pf w1 a-Car Chem 7% pf w i.. Car Chemical. Car Chem ctfs Va-Car Chem pf ctfs. Va Iron Coal & Coke Va Ry & Power (6). Vivaudou. Vivadou pf Wabash........ ‘Wabash pf A (8). Wabash pf B... ‘Waldorf System (13). ‘Walworth Co (1.80).. rection. Total bills discounted de- el + 961 West Penn Elec pf (7). .. 104 West Penn Power pf (7). creased from $48,606.000 to $43.117,000. The middle of April frequently marks the peak of farm credit needs in this district and discounts usually work | lower and lower until Fall. The ratlo of the Richmond bank in- creased from 56.83 to 61.95 per cent, and compared with a ratio of 75.6 per cent for the system as a whole. Richmond member bank deposits totaled $65,850,000, against $66,662,000 the week before; note circulation $72.- 448,000, against 890,000, and total reserves $37,373,000, against $80,128,- 000. GRAIN FUTURES TRADING RESUMPTION FORECAST Informal Conferences Held Be- tween Produce Exchange and Agriculture Officials. By the Associated Press. Informal conferences have been held between officers of the New York Produce Exchange and the Depart- ment of Agriculture, looking toward the resumption of trading in grain futures on the New York Exchange. No formal application has yet been made by the exchange for designa- tion as a grain futures market. Conditions precedent to such action by the department were presented to representatives of the exchange by J. W. T. Duvel, chief of the grain futures ~administration. They in- clude the formation by the exchange of a “business conduct committee”; shall at least equal in grade and qual- ity that described in the covering warehouse receipt, and granting the right of appeal to Federal supervisory authorities to traders who consider deliveries not up to specifications. Buffalo has been proposed as the place of delivery by the New York Produce Exchange, but the depart- ment favors making New York and Buffalo equally eligible. VIRGINIAN MEETING. NORFOLK, Va., May 1 (P).—Stock- holders of the Virginian Railway, who held their annual meeting here today, re-elected the road’s entire directorate, but considered no other matter, offi- cers of the road announced. operations moved in an opposite di- | | deal today to strengthen grain values guarantee by it that grain delivered | parts of the wheat belt did a good Besides, deliveries of wheat on May contracts both here and at Liverpool were meager. The wheat market in Chicago closed firm, 1 to 3% net higher. May (new) 1.64%s to 1641, and July ‘1431 to 1.43%, with corn unchanged to % up, oats at and % to 33 and S advance, and provisions showing 5 to 15 gain. Notwithstanding that all bulges in price led to free selling, the wheat market showed an upward trend from the outset. The forecast was for un settled weather over a wide area, but indicated just cloudy conditions in the Dakotas. Nebraska and western Kan- sas, where ample moisture is badly needed. Meanwhile, the fact that wheat deliveries on Chicago May con- tracts totaled only 10,000 bushels made previous sellers uneasy and led to buy- ing that quickly served to tighten up prices, especially as a decrease in the United States’ visible supply figures on Monday was looked for and per haps some additional falling off in the small stock on hand hege. Slight rain and snow in Alberta Province, Canada, served to empha- size that the weather as affecting the crop outlook is the chief present in- fluence on the wheat market. Current talk was that good general rains on both sides of the Canadian boundary would bring about heavy selling and i decline in prices, whereas persistent lack of rain would have an opposite result. Private crop estimates looked for on Monday are expected to indi- cate a larger vield of domestic Win- ter wheat than was suggested by the |latest Government figures | Corn and oats sympathized with | wheat strength. Large deliveries of jcorn on May contracts appeared to have been discounted in advance. SEEK SARGENT OPINION. Federal Reserve Officials Want Rul- ing on Power Over Branches. Attorney General Sargent was asked yesterday by the Federal Reserve Board for a ruling as to whether it has power to discontinue branch re- serve banks. It was indicated that if the hoard ht it will adopt a s in regard to future authorization of branches. An ap- plication for a branch in_ North Carolina of the Richmond Bank is now pending. Kinney (G R) Co (4). Kresge S § (1.20). Kresge Dept Stores...... Kresge Dept Stores pf(8). Laclede Gas (8)....... Lambert Co (Thi 8% Lee Rubber & Tire 69 Lehigh Valley (313) 80% Lehn & Fink (3).. 7 Pitts Utilities pf (11.20). :% Pitts Utili pf otfs (1.20).. 12% Pitts U pf ctf new(1.20). Pittsburgh & W Va (6). . 40% Porto Rican Am Tobacco. 645 Postum Cereal (4.40).... 345 Pressed Steel Car. 761 Pressed Steel Car pf (7) 11 Producers & Refiners. ... ‘Producers & Refiners pf. 11 Western Maryland 16 Western Maryland 2d pf. 19% Western Pacific. .... 72 Western Pacific pf (6). 116% Western Union Teleg(8). 143% 97 West'house Air Br(t7%) 1164 65% West'house E& M (4). 9% 79% West'house 1st pf (4) 4 , 9% Weston Elec Instrum Childs Co (32.40) 52 Chile Copper (2%4) . 33% Chino Copper. 21 Christie Brow! 444 Chrysler Motor (3) B4% Chrysler Corp pf (8)..... 100 Cleve Cin Chi & St L (7).. 227 Cleve CC & St L pf (5)... 125 Cluett-Peabody pf (7).... 108 44% Chi Yellow Cab (4) 48 e e N e e R AN RS | Financial Highlights of Past Week Brought Out in Nutshell by Statistics NEW YORK, May 1.— oot o g o U ] T e o T e o o s | 2Fsred F EF8se e 441 S URaadl e t 3 < This Week. Last Week. Coca-Cola X Colorado Fuel & Iron Colorado Fuel & Ir pf(8). Colorado & Southern..... Colorado & Sou 1st pf(4). Columbia Gas & Elec (5) . Columbla Gas & El pf(7). Columbian Carbon (4)... 176% 76% 112%1112% I+1++1 Commer Credit (2). . Commer Credit pf(1%).. Commer Cred 18t pf(6%). Commer Invest Tr (3.60). Commer Inv Tr pr (6%).. Commer Solvents A (4).. 130% Commer Solvents B 15% Congoleum-Nairn. 1+11 % Conley Tin Foil (stpd)... 42 Congress Clgar. . . 2616 Consolidated Cigar. . . 79% Consolidated Cigar pf(7). 2% Consolidated Distributor. 743 Consolidated Gas (5).... 1% Consolidated Textile 60% Continental Can (18) TT% 114 Continental Canpf (7).. 126 % 103 Continental Insuran (6).. 130 8% Continental Motors (80c). 11 82% Corn Prod Ref (2). 39% 384 11814 Corn Prod Ref pf (7)..... 129% 127% 17% Life Savers (1.60). 56% 116% 53% 22 Loews Inc (2)..... 6 LoftInc.... 45% Long-Bell Lum Cl A (4). 77 Loose-Wiles Biscuit..... 104 Loose-WilesBis 2d p£(7). 30% Lorillard (P) Co (3). 108% Lorrilard (P) Co pt (7) 12 Louisiana Ol Refining. .. | 22% Louis Gas& E1CIA(1%) 106 Louis & Nashville (6) 80% Ludlum Steel. 72 MecCrory St C1 B ((15.60). 16 MclIntyre Porc Mines (1). 103% Mack Trucks (6).... 104 Mack Trucks 1st pf (7) 29 ack Trucks 2d pf (7). 66 ackay Cos pf (4). 69% Macy (R H) & Co. 34 Magma Copper (3). 17% Mallinson & Co.... 421% Manhat Elec Sup(4%). 22% Man Elev mod gtd (d5) 20% Manhat Shirt (1%4) 271 Manila Elec Corp (2). 20% Maracalibo Oll Explora, o F +++ 1 I+ 1441011 I L L+ttt 27 PublicService N J (5). 33" Public Service N J pf(7). 109 Public Service N J pt(8). 9214 Public Ser E1&Gas pt(6). 100% Public Ser El Pw pf (7).. 1 129 Pullman Company(8). 33 Punta Alegre Sugar. 26% Pure Ol (12) & 103 Pure Ofl pf (8). 32 Radlo Corp of Am. A 44% Radpi Cor of Am pf(3%). 68% R R Sec Ill Cenctfs (4).. 53% Rallwy Steel Springs(4) 82% Rand Mines (3.31) 10% Ray Cons Copper (1).... 69% Reading (4)..... 35% Reading 15t pf (2). 36% Reading 2d pf (2). 48 Reid Ice Cream (3) 92% Reld Ice Cream pf (7). 46% Remington Typewriter. .. 100 Remingn 1st pf ser S(7).. .9 Replogle Steel. . 42% Republic Iron & 8! 5% Reynolds Spring 72k Reynolds Tobacco 9% Robert Reis & Co. .. 85 Rossia Ins Coof Am (8).. 18 Wheeling & Lake Erfe. .. 22 Wheeling & Lake Erfe pf. 25% White Eagle Oll (2) . 51% White Motors (4)........ 26 White Rock (2)...... 18 Wickwire-Spenc Stl etf: 9% Willys-Overland 72% Willys-Overland pf (7) IREEIE I NERN] - T4+ 1+ + sFes RUOUELER 9 Wilson & Co new. 16% Wilson & Co pf new. 46% Wilson & Co A (new 16 Wright Aeronautical (1). 45% Wrigley (Wm Jr) (14)... 60% Yale & Towne Mfg (15) 22% Yellow Tr & Coach(76¢).. 90 Yellow Tr & Coach pf(7). 63 YoungstownS&T (4). RIGHTS—EXPIRE. *Partly stock. this ye: LD} . ¥ 1%, querterly. §Payable in prefe s ar: REICTE . S e o P no able 2% % Quarterly. 16% Reading, July1.......... 19 184% Dividend rates as given in the above table are the ayments based on the latest quarterly or hall Joar dectaratioms Biene ottorwise oted, cxira or special dividends are not imeinged. Py tra. $Plus 4% in ‘payable T prets stock. {Pins dgfikm stock. Stocks (average of 40 issues)....... Bonds (average of 40 issues). Foreign bonds (average of 10 Federal Reserve ratio. Month of Mar., 1926. 4,379,935 111,032 3 440 $427,947,641 Liabilities Revenue car loadings. ‘Week of Aprl All commodities Forest products . Miscellaneous products ore ......eee Live stock :ys.sas 1,984 $30,622,547 High. Low. High Low. 119.66 118.32 115.83 114.57 This Week. Last Week. .. 8754 87.. . 103.92 103.75 eek. Last Week. Year Ago. 76.0 7.3 This Week. Last Week. to4 8 todlg .4 tod% 4 todly Month of Month of Feb., 1926 Mar., 1925, 4,616,822 4,863,564 1032 104,408 114,975 440 440 $270,100,172 $418,066,202 1,801 1,859 $34,176,348 $34,004,731 117, '26. Previous week. Year ago. 5 29,506 923,844 35 6 T4