Evening Star Newspaper, May 4, 1926, Page 30

30 *- STOCK LIST STEADY ~ AFTER DECLINES Market Opens Lower, Then Hardens—Volume of Trading Cut. BY STUART P. WE Epecial Dispateh to The Star. NEW YORK, Mav 4. The stock market, after having depressed some what further in the forenoor t on account of the Brit T': hor crisk ew stronger all around in the v From. And in the last hour the lead ing speculative issues had a rather sharp ra The m prices up in the list. Steel common was up over a poin The featnure was Sioss shot up 5 points, the id z that on account of the British strike im- ports of pig iron would be held up and that this would benefit the American company Wall Street todus looking to see what preasions wonid be regar ish strike. The stoc lower, then hardened effetc thereafter. both bonds. was to hold un fresh trading without bringing any fu deeline in pric Sierling exchange, which for montk has been holding arcund the 4.86 level, dipped below 4.85. ‘This the chlef incident of the dav. Bl the stock marke: had got over i worst of its liguidation and through the afternoon was inclined to keep steady at a moderate decline. General Elecirio broke 3 points at the start and then recovered partial lv. The motor stocks were moving within the narrowest lmits they have in months. During the greate part of the time the changes in G am! Motors, Hudson Motor, Mack Trucks and other members of the group were aither np or down a half point. very little more. National Biscuit was lower, so was American Woolen and Consoiidated Cfgar. Amerlcan Agricuitural Chem tea) preferred, which had been so weak on the previous davs. had a slight rally. The Consolidated Cigar report was none too favorable, as it looked to the Street. It showed for the quarter ended March 27 a surpius equal to §1.61 on the increased cap ital, against $4.22 a share In the last quarter of 1925. The Armour A dividend is looked upon as very uncertain in the lght of the annual report. ‘The best opinion is that the divdiends on the preferred stocks, both those of Delaware and Tlinots, are safe, hut that the drop in the common shares is probably fustified by the falling off in the South American business. The raflway shaves were generally Anll. Stocks like Kansas City South arn, Frie and Missouri Pacific pre- tarred were scarcely changed. Norfollk and Western was up a point At one tims. Pennsyivania was slightly lower. On the whole, tha railway list did lit- tle on the day CLOSING IS STRONG. Several Issues Show Pronounced Strength in Final Hour. NEW YORK. May 4 (®.-The| olosing was strong. The running in of an overcrowded short interest car ried prices forward st a more rapid pace in the late trading. - Sioss-Shef. field Steel rallled 51> points and Du- pont. 4, while gains of ? to 3% points inoluded Colorado and Southern, Com mercial Solvents “B." General Elec- tre. Colorado Fuel and Woolworth was natural ding | hefliald, which | was |Chand-Cieve. ... . FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open Abitibi Pow (4). 73 173 Ad Rumley pf(3) 51 51 | Afr Reductn(t5) 1097 109% | Adax Rubber. ... % Albany Paper 27 Allted Chem (4). 113% 11o% Allfed Cm pf (7). 120" 120 Amerada (40¢).. 25% 25% Am Agricul Chm , 154 17% Am AgriChpf.. 56 58% Am Bank N 1.60. 38% 38% Am Beet Sugar.. 25% 2% Am Bosch 1942 Am Br Bov EI(2) 3 36 AmBrBopf (73, 95 95 Am Can (2) 427 aem Am Canpf (7)., 125% 125% Am Car&Fdy (6) 927 94 AmChain A (2). 2413 24% Am Chicle (3) 0 10 AmiChiclecfs(3) 89 39% A Drug 5% 0 [ Am Express (6). 115 115 | Am & For Pow.. 18 18% Am Hide & Lea.. 8. 84 | Am Hlide & Lpf. 391 394 | Am Tee (110) ..., 120% 128 Am Tee pf (6 84 { am Internatl. a5 Am La Fr (D). <eed. nf (T £ ... Metals (43.. 00 tiator (4) 1031 1 47 4T Ship& Com. 9% 10 | Am Sm & Ref(7) 115% 117% Am S & Rpf /7). 117% 117% | Am Snefr (12)... 140 140 Su 5)... 68 68% Sugar pf (7). 101 101 y Somatra 9% 10% tA 37 0T rel 145% 1464 ‘Tohacco (8). 115% 115% Tobac B (8). 113' 114% Wa Wool20 47 49 Woolen..... 2d% 23% Woo! pf (7) Tih { A Writ Pa pt 2y | Anaconda (3). { ArmourDel pf(7) { Armour NI A (2) | Armour 111 (B).. | Arnold Con (n). Art Metal (1) Asso Dry G(214) Atchison (7). Atchison pf (5). 99 99 AUBIrm& Ar... 1 1% Atlantic C L 1915 195% 199 Atl Gpif & WI.. 36% 38% AtIGuif & WIpt 40 40 Atlantic Refing. 112% 116% Atlas Tack 1010 Austin-Nichol 164 16% Austin Nic pf(7) 85 85 Baldwin T, (7)... 102% 108% Balto & Ohlo(5). 85% 8% Barnsdall A (2). 25% 6 Relding Bros(3). 82l 52ia Bethlehem Steel. 387 8914 Beth St pf /7)... 100 100 Botany A (4). 311 Briggs Mfg (3) 27 | EkIn Edison (8). 139 Bkin-Mn Tr (4).. 634 8kin Un G(111). 71 Brown Shoe (2) 334 Brunswick Ter 124 Burns Bro (10). 13 Burns Br B (2).. Burns Bro pf(7). Bush Termmal. . Bush Ter de (7) Butte&Super(2). Butterick. .. 23 Byer & Co. . 29 Calif Packing(8) 126 Hf Petrol (2).. 82% 32 lume&H(1'). 14% 14% n Pacific (10). 154 166% Case Threshing.. 79 nt Leather. T Cent Leather pf. 45% Century Rib M.. 13% Cerre Do P (4)... 627y Certain-Teed (4) 40 40 14% 14% 31% 82 120% 122% 10% 10 80t 30% 19% 10% 50 10% Am {Am ! Am 129% 127% 27 139 6315 Tl 8215 1244 135 36 9914 894 121 47 13% 6344 Chand-Cle pf(4) . Ches & Oh (112). Chi & Alton pf Chi & East Ill. .. Chi Gr West pf.. Chi MII&StP... Sales approximated 1,100,000 shares. | Markets at a Glance | | P after Stocks higher: ! early reaction foreign. obligations de- | exchanges lower: French and Belgian francs at new lows. Coiton lower; bet- | ter weather reports. Sugar easier lower spoi markel. Coffee higher: fou eign buving. NEW YORK rrices rebound Ronds hea pressed. Forei sterling heavy: lower; English | rely steady. fa CHICAGO. - Wheat wirike news. Corn b vorable weather. Cattle irregular. | Hogs firm | WALL STREET BRIEFS |- NEW YORK. Mav 4 (®.—Ludlum | ‘0. reporiz net income of $100,- the first quarter of 1926, after preciation. interest and taxes, | inst $99,119 in the same quarter | jast year. This is equal to T4 cents a share on 0 no par valie shares, compared 10 82 cenis a share on 120, i 000 shaves a year ago | Waltham Watch Co. had profit and lnss surplus of $572,277 at the close 30 1925, In conirast to a deficit of $938,-| 880 the year before. | Sales of K. and \W. Grand Stores | for the four months « 1926 were $2.821.705, against $2,036.939 for the | corresponding period of 1923, a galn of per cent " Consolidated met profit of the Na- tlonal Cash Register Co. for the first | quarter of 1926 was 31,206,278, against $1.469.166 in the first quarter of 1925 Applied directly to class “A” stock, | this is equal to $1.09 a share on 1,000,- 000 no par shares, against $1.33 a share on the same basis a yvear ago. | I"nder the participating provisions of the stocks,net was equal to 80 cents 3 share dn the combined “A” and ‘R stocks against 98 cents in the firet quarter last yea Net earnings of the Puliman Co. for he first quarter advanced to $2,048,364 after taxes, compared with $1,766,498 2 year ago. Gross revenues were $19,- | 526879, against $18,242,096. { All outsianding secured § per cent | gold notes, serles (', of the Midwest | Uitilities. Co.. maturing July 1. 1941, have been called for redemption July 1 at 107% and accrued interest. Re- tirement of these notes will free the company of funded debt. Plants of the Davison Chemical Co. are operating at capacity. s finanoiat position is the best in years, the bal- ance sheer as of March 31 showing current assets of $2,381,234, against curent liabilities of $241,006, a ratio | of about 10 to 1. April freight traffic on the Illinois Central was heavier than the same month last year, 176,272 carloads hav- ing been handled, against 168,287. CALL MONEY s’mAmz. NEW YORK. May 4 (P.—Call monex steady. High, 31y: low, 3%4; rul- ing rate, 31;: closing bid, 314; offered at 8% last loan. 315: call loans against scceptances, 3: time loans steady: mix- ed collateral, 60-90 days, 4; 4-6 months, prime mercantile paper, 4ad4%. s METAL MARKET. NEW YORK, May 4 UP).—Copper quiet; electrolytic spot and futures, 18%. Tin firm: spot and nearby, #3.00; futures, 59.00. Tron steady nrices unchanged. Lead steady: spot. | | Chi PneuT (6).. ! Calo Southern | Fed Min & Smelt | Gen Glg deb (7). 112 18% 10 16% 18 9% 10% 16% 17% 70 118% 69 112 461 47’3 86 86 47% 49% 32 32% S1% 32 143'¢ 145 33% 36% 67t 614 T4 Tb% 1123 112% Chi Ml & StP pf. C M1l & St P ctf. CM1I&SLP pf cf: Chi & Nwn (4) “hi R 1 & Pac. CRI1&Ppf(6). “hilds (32.40) Chile Cop (2%).. Chrysler Corp(3) Coca Cola (7). Col Fuel & Iron. Col Gas & El (5). "0l G & E pf (7). 1 Carbon (4). 631 m Cred (2) . 5 29% Com Solv A (4).. 129% 132 Com Solv B. 1 131% Congoleum: 150 Congress Clgar.. 41 Consol Cigar 524 Consol Gas (5).. 91% Y84 Consol T=xtlle 2 2 Cont Can (16)... T73% 754 Cont Mot (80c).. 10% 10% Corn Prod (2). 384 38% Coty Ine (4)..... 148 48% Crucible Sti (5).. 66% 66% Srucible pf (7).. 9912 991 Cuba Cane Sugar 9 9% Cuba Cane Su pf. 40% dita Cuba Co (4). w45 Cuban Am S (2). 254 Cuban Am pf(7). 103 103 Cuban Domin.... 1% 1% Cuban Dom pf... 19% 19% Cudaby Pkg (7). 80 81 Cushman's (8)... 94 94 Davison Chem... 343 36% Del & Hud (9) ... 156' 158% Dell. & Wn (17). 135 186 Detroit Ed (8) ... 1281 128% Devoe&Ra(2.40). 354 35l Dodge tros CL A, 274 28% Dodge pf (¥).... Bl 8 Dome Mines (2). 12% 16% Dupont (10 . 2087y 215 Dupont deb (8).. 102 102 Duquesne pf (7). 1144 114% Durham Hose... 8 8 Eaton Axle (2).. 26 Eisenionr & Bro. 12% Eiec Power & Lt. 19 Blec P& L pL(7). 934 Elec Refrign cfs. 64% Elec Sto Bat(16) 6% End John (5). s feRR..... 3115 El: 18Lpf. 38% Erie 2d pf. B4 34n Kureka v a7 47 amous P1 (8).. 116% 118% Famoun pf (8).. 1184 1184 FedLight(*1.40) 29% 29% 70 70 73% 73% 164 82 864 16% 81% 96t 0% 99 63 644 106% 106% 29% 31% 324 33 41 5lia 26 12% 18 924 644 6% 66% 304 88 . Min pf (7). ;:':vnmnx (8) 164 Frst NatScii). 382 Fisher Body (b). 84 Fisk Rubber 16% FiskR18tPI8(7) . Fisk 18t pf ev(7) Flelschman(2).. Foundation (8). . Fox Film A (4).. i pf (7) Freepor - 3%) Gabriel Sn(13% A K (3). 614 634 . 10e% 1065 ars (4).. 50 50 Gen Ctgars ( 12 L8312 3184 1% 1% 129% 132 14% 1144 59 59% 70 3054 19% 43% 52% 864 18% 72% 214 924 6% 278 99% en Elec (c8). - Gon Elec sp(806) Gen Mot (112) Gen Mot pt (). 1 Gen Petrm (3) GenRySIig(14%). Gnbel Bros Glidden (2). Gold Dust. Goodrich Ru (4). Gothm S H(2%) . Gould Cou (2).. ... Grt North pf (5). Gt Nor Ore (1%). Grt Wstn Su (8). ‘Guantanamo Gulf Mo & No Gu M & N f (8). 788 Zinc East St. Louis spot and futures, §.70a6.75. Antimony, spot, 18.00. Gulf States S (5) 67% Hartman (3%)... High. w0 Tow. Close. 7% 78 layds Wheel (3) 51 51 iloe&CoA. 109% 109+ HoustonOil..... @5 9% Howe Sound (3). 27 27 |Hudson Man3s. 113% 115% | Hudson Mot (3). 1207 120% | Hupp Mot (1)... 26% 25% Iitnote Cen (1) 164 17 1111 Cent pf (6) 56 57M 111 Cen Tsa 1 (4). 8% 384 1ndep 011 (1) 25% 25 Indfan Refining. . 19 19% ingpration (2). . 344 | Interurh Rap Tr. i Intcontl Rub(1). 44% | Internat Agr. .. l-n‘fi{ Int Bus Ma (3).. 93% | Int Cement (4). . Int Com Eng (2). Int Harveser (8) IntMtch pf(3.20). Int Mer Marine. . Int Mer Mar pf.. Int Nickel (2). Inter Nick pf(§). Int Paper. . . Int Shoe (6) .. Ilanfl&T.l( lones Bros Tea. . Jordon Mot (3). . 9 95 43% 126 92 Ul 40 39 an 116 1Rty 8 8% 120% B4 24% 40 394% A% 115 b0 1091 _110% AT AT 9 9% 5% 117 1170 17 140 140 671 B8% 101 101 3 100 17 17 145% 14670 115% 116' 118a 114% 47 49 23% 24% Ti% 2% Spring pf. Kennecott (4). .. Keystone T & R. Kresge SS(1.20). Lambert Co. ... | L.eh&Fink ctf(3) lig & My B (14) Toews Ino (2). L PR Life Sav (1.60).. Tortliard(8). -outstana O1l. loulsGasA(1.75) T.ouls & Nsh (8). Ludlum Steel. .. Mack Trucks (8) Macy HR& Co. . Magma Cop (3).. Man El Sup(4%4) Man El gtd (d5). Maracalbo O11. . . Market Street. .. Market St prior. . Marland Oll (4). Marlin Rock (2). Martin-Parry(2) Mathleson (4). .. Maytae Co (2) MetroG pf(1.89). Mexican Seabd. . Mtam! Cop (1)... Mid-Continent. .. Middle States Midland pf(+10). MStP&SSM 11(4) Mis Kan & Tex. MoK &T pf (8). Missour! Pacifie. | Mismoury Tac pf Montana Pow(5) Montgom Ward.. Moon Mot (3).... Mothr Lode(76c) Mo Plcture(1%). Motor Met(3.60) . Motor Whi (2) Nash Motors. . .. Nat Biscult (4) Nat Cash Rez(3) at Cloak & Suft Nat Cloak pf (7) Nat Dpt Stores Nat Distillers pf Nat Lead (8).... at Pw&Lt(40c) t Supply (4). evado Cop (1).. Y Alr BrA (4). NY Canners(c2). Y Central (7). NY Chi&StL.(11) NYC&StL pf (6). NY NH & Hart Y On & West. . rfk & Wn(18). 195% 199 36% 38l 40 10 112% 116's 10 10 15 15 84l Bl 10215 103% 85% 87 2% 31 38% 100 31'a 26% 139 6218 71 3248 12 391y 100 314 27 139 63% 71 33% 12% 327 i 165 82 i3 I 13% 63 40 % 145 313 32 1204 121% 10% 103 304 304 184 19% 10 10 17% 104 171 . e nz 112 | 46% 474 8 86 478 49 31% 82% 1% 31 143% 1447 | 331 35 57% 6 T 112% 1 628 63 291y 201 127% 131 127% 131% 15 15% 41 4l 50 52% 91k 9% 2 3% 75 10% 104 88 38% 8% 484 66% 66%4 99 993 9% 9% 0% 41 44%: 46 25 25 103 103 % 1n 19% 19% 80 81 94 94 34% 36% 166'% 168! 135 185 128% 128% 35% 3bh 27% 28% 80% 81k 12% 15% 208 215 102 102 114% 114% 8 8 26% 26% 12% 124 18 19 92% 98% 63 64w % T6% 66% 664 30 314 3% 38% 34% 344 a7 a7 116% 118% 118% 118% 29% 20% 70 70 3% 734 164 164 32 B4 86% 16% 16% 81% 81% 96% 96% 39% 40% 97 99 63 Ga% 106 106% 20% 81 32k B2% 44 A% 60% 62% 103% 103% 49% 49% 112 112 812 317% 11% 1l 129% 131% 114% 114% 59% 69% 504 § 19% 43 52% 854 18% 14 154 797~ T 46% 133 627y 40 North Pac (5). orwalk (1.69).. Nunnally (1.50). Omitbus. ... Otis Elevator Otis Steel. ...... Owens Bot (t4). PacOll (3). Packard Mol y. ze Mot (1.80) . Pan-Am (6) Pan-Am B (6). Pan-AmWnB(2) Pdnhandle pf. ... Pathe Ex (c8)... Penick & Ford. Penn C & Coke. .. Pennsy RR (3).. Penn-Seab Stee! Pere Marq (18) Pere Mar pf (5).. Pere M prior(5). Phila Co (4). Phila& RC&I Philip Morris. Prillips Pet (3).. Plerce-Arrow. . . Plerce-Arrow pf. Plerce Oll. . Pierce O1l pf. Plerce Petro!. Pitts Coa! *PLts FtWay (7). PittUt pf(11.20). Pitts & W Va (8) Postum (4.40) ... F'rod & Refiners. . PubSer NJ (5). PubS B&G pf () Pullman Co (8). Pure Of1 (12).... Radio Corp of A.. RSTI1Cefs (4). Ray Cons Cop(1) Rwy Stl Spr (4). Reading (4) Reading 2d (2). Remington Typ Rep Iron & St Reynolds Spngs. Rey Tobac B (4). Robt Rels & Co Royal D(a1.339). Safety Cable (4). St Josepn L(13). StL & SanF'r (7). St L Southwest. . Savage Arms (4) Schulte (§8) Seaboard Air L. Seagrave (1.20).. Sears-Rn (2%). Seneca Copper . Shell Un (1.40) Shell Un pf (6) Sher-Wil pf « Shubert Theat Simmons(13.25). Simma Pet (1). Sinclair Ofl. ... Sinclair pf (8). Skelly Oil (3) Sloss Sheff (6)... South Port 8 (6).. Sou Dairies A(4) Sou Dalries B South Pac (8) Southern Ry (7). South Ry pf (6). Spicer Mfg. .. StdGas&El (3). StdG& Elpf(4). 8td Oil Calif (2). StaONNJT (1).. 8td Ol NJ pf(7). Stewart War (6). Studebaker (5) Submarine Boat. Sun O1l (11). Buperior Ofl Symington. .. Tenn Copper (1). TexasCo (3).. Tex Guif 8 (10). . x & Paciflo. Tex & Pac C& O. The Fair (2.40).. ‘Third Avenue ‘Thompson(3.60). Timken (14). Tob Prod A (1) 72 | Tobac Prod (7).. 21% | Transcont O1l. 9215 | Twim City (3)... 6% | ynderwood (4).. 27 |UnBag& 99 1Un Carbide (5) 67 |Unofi (2)....... .27 |UnPacific (10).. THE E'VENINVGI STAR, WASHI Open. 344 251y 58 30% 38 661 204 . 118% 119% 80 288, 10% 1 238 1224 344 1124 92 368 69 8 3 112 6545 34y 33 1a4% 19% 101 80 134 7% 100% 164 264 6% 4% 128 63 824 41 91 48 6% 9315 124 51% 4T 38 20 66% High. Bdu 26% 58% 81 381 68% 1195 119% 80 24°% 10% 22% 43% 14% 115% 9215 a7 u2 6514 36% Low. Close. | 33 26 58 30 38! 67 20 1184 119 €50 288, 26 50 20 107% ’:: Youngstown (4). 68 49 28 80% Xy FOREIGN BONDLIST . EASING OFF TODAY | 2, % " | ) W 1 | High-Grade Domestic Investments. BY GEORGE T. HUGHES. Special Dispatch to The Star NEW YORK. May 4.—Activity the bond market Increased during the first hour of today’s session over that on yesterday, but subsequently quiet ed down. Both traders and investors seemed to be awaiting developments in the British situation before making new commitments. The chlef effect of the general strike was seen again In the Euro pean bonds. United Kingdom 5128 of 1937, which had closed yesterday at the low of the vear, sagged further todav. French bonds sold off easily French 8s, at 102, belng down more than a point from their recent high. Selling here was evidently in sym pathy with the general heaviness in in GTO. | Little Change Is Noted in, UNITED ST, in $ 3 ist 4%s 2d 4% 8. 208 100 b3d414s. 209 10 US3xs U B ds 1944, 9 80 104 1 US4sse. FOREIG| Argentine €x Ju 59. 3 Argentine 6n Oct 59 76 Argentine 6s B Argentine 78 Australian 6 20 14 . 36 . 36 . 6% .14 . & .18 - 20 sige Bank of Chile 6% s. Bank of Japan to. Relgium 6s. . Relgium 6158 Relgium 7 Belgium 7 Belgiu Bolivia Bordeaux Prazil 7a.... Brazil 714s. Brazil 8s. Canada §s 1931 Canada §s 1952 Canada 5% s 192 Chile 78 1943.. the foreign group and not a reflection of the new low for the French franc. | French dollar honds have consistently ignored the weakness in the franc. Polish Ss were another weak forelgn issue today. There was good support for South American obligations. Bo livia 8s were taken in quantitv ai par There was little change in the high- | arade domestic investment list. United States Steel sinking fund 6s were strong again around 107 and United States Government obligations sold firm. The Wourth 41, Libertys dupli- cated the 1926 high. New York Cen tral 4s were in demand. On the other hand. Atchison general 4s at 92 were merely & point below the best of the vear. » Local tractions, which had been so prominent, sold off today under a smaller volume of transactions. Third Avenue adjustments were down at one time a point, and so were In terboro issues. Brooklyn-Manhattan Transit 6s were fractionally lower International Mercantile Marine 6s were erratic as ever. Opening sales were 21, points below yesterday's close, after which there was a vigor ous rally. Prices, however, were left still far below the highs made when the proposed deal with British inter ests was first anneunced. The dis turbed labor situation, it was feared would be an obstacle to an early clos ing of the deal The new $3,000,000 Agricultural Mortgage Bank of Columbia. s of fered to yield over 7.55 per cent, were heavily oversubscribed and allot nents cut down FIVE BANKS IN IOWA CHAIN CLOSE DOORS False Rumors Blamed—Directors to Reorganize Companies, President Says. Br tha Associated Pre: NEW HAMPTON. Towa. May 4 Five banks of the Shaffer chain located at Rassett, lonia, Fredericks burg and New Hampton, were closed yesterday by the board of directors. Withdrawals caused by circulation of false rumors prompted the di- rectors’ action in an -effort to avoid giving preference to certain deposi- tors, President W. G. Shaffer said All of the banks, he said, would “pav out well.” Reorganization fs to start immediately. The Second National Bank of this town was the largest invoived. FOREIGN EXCHANGE. (Quotations turnished by W. B. Hibbs & Co | Nominal Selling checks goid value today L-34.8605 $4.85%4 | London_ pound 100 | ontreal.”dollar Paris. " frane : Brlswets. franc. . Berlm. mark - ome. 11 farich. 1 Athens. d Madrid: Vieana, crown Budapest. crown P 000014 ' 00014 1y 02081, 168 4 (®).-—Foreign Stockholm. NEW YORK, Ma exchanges heavy. Quotations (in cents): Great Britain, demand, 485 cables, 4851;; 60-day bills on banks, 481 1-16._France, demand. 3.24; cables, 3.24 Italy, demand, 4.01%; cables, crown Demand—Belgium. 3.20'5; Germany, 23.80: Holland, 40.13; Norway, 21.72 Sweden, 26.756; Denmark, 26.13; Swit- zerland. 19.34; Spain, 14.38: Greece, 1.24; Poland, 10.50: Czechoslovakia, 2.96 Jugoslavia, 1.764; Austria, 14.1 Rumania, 35! Argentina, 40.17 Brazil, 14.43%; Tokio, 46.81%; Shang. hal, 72.25; Montreal, 100.125. TREASURY CERTIFICATES. (Quotations furnished by 100 $0.5% 2 100 101 101 916 1% 1% 28% 88% 141 106 22 84 162% 102 49% 51% 50 b3% 59 104 41% 120% 128 16% 30 33 68 18% 45% 98% 294y 87% 0% 18 2615 % 45 1% 18 34w 189% 1nzu 6619 20% 26% 63 1% 221, 944 16 28% 140% 28% 64 24% 97 Un Pacific pf(4). Utd Alloy (2)... 29 Utd Cigar 8 (c3) 88% United Drug (8). 141 Utd Fruit (112).. 106% Utd Paperbd (2). 22 Utd Ry Inves pf. 84 U 8 CI1P&F(10). 162% USCIPpL(7)..102 U 8 Distributing. 50 US Hoffman 3% 51% U 8 Ind Alcohol.. 50% U SRealty (4).. 53% U S Rubber. 59 U 8 Rub 1st (3) U S Smelt (3%). U 8 Steel (7). U 8 Bteel pf (). Universal Pipe. . Ut PEL A (e2). Vanadium (3) 1T 29 89 1424 104 4l% 120% 128 164 30 98% 30% 39% W% 18 28% W% 45 1% 18 85% 1398, 112y Vivaudou. a. ..« Wabash........ ‘Wabash pf A (5) waldorf (1%).. ‘Ward Bak! ‘Warner Bros ‘Warren Bros (4) ‘West Maryland.. West Md 2d pf... 18 West Pacific. ... 34% West Union (8). 139% West AB(17%). 112% ‘Westinghse (4). 66l% Wheel & L Erie. 20% * White Bagle (2). 26% ‘White Mot (4)... 63 ‘wickwire ctf: 1% willys-Overiand. 28 Willys Od pE(7). 94% ‘wilson A (new). 16 Worthn Pump. .. 23% WoolwthFW (15) 140% Wright Aero (1). 29% Yale&Town(t5). 6¢ Yel T&C (75&2{ . g’h Tr&C pf(7).. Tou 70%. 0% 70 70 Dividend rates as given in the above table ual casb nte based on [, ey WL S 2 Othe by lt:n‘clm' . extra or.special divi- 10 3 “*No_regular rate, (R T artly ock tPag fii‘m"" apie” % quarierty. 4 auarteriw. Darable-13 %. 70% 18 26% 45 1% 26% 64% 14 23% 44 23% 1448, 28% 64 24% % Chile 881926 Chile 8a1941. . Chile 85 1946 . . . Chinese Gov Ry fa. Con Pow Japan 7s. Copenhazen 6%48. . Crecho 7% s rots Czecho 85 1951. Czecho 85 1952 ct. Danish Munic 8s A. Danish Munic 8s B Denmark 6s. .. DET5%s Mch58.. DEIn5l%n Novh3. Dutch East 1 6s 47. Dutch East 1 65 62. F1 Salvador 88 48. . Finland « f 6s 45 Finland 7s. .. . Framerican 7%s French 78 French 7%s French 8s % German EI P 638 German 7n. Ger Agr Bank 7s. Ger Gen Elec 7 Greek 7s. . Hait] 8. Hungary 6%. Ttaly 7s Tapanese 4 Tapanese 614 Lyon éx..... Marsetlle - Mexico 4= 04 asntd Mexico 4s 10 2 15 10 2 16 4 3 2 45 4 a“ Netherlands 6s 64 Netherlands 63 72.. Nord 6% = Norway h%s. .. Norway 681943, .. Norway 65 1944. .. Norwayv £5 1952, .. Orfent Dev deb 6s.. Paris-Ty-Med 6s.. Parts-Ly Med 7s.. Paris Orleans 7s. { Peru 714, . |Peruss. .. Po'and 65 40. . Poland 8s. . ... Porto Alegre 8s Prague 7%8 Queensiand 6s. . Queensland 7s Rio de Jan %5 1948. Rfode Jan8s47. Rio Gr Do Sul 8s... Sao Paulo City 8% Sao Paulo 85 1936.. Sao Paulo 1950.... Suxon (P W) 7 Setne 7s 42. . Serbs Crot Slo 8s. . Sweden §14mct. ... Swiss 5%s 194 Swiss Confed 8. .. Toho Eleo Power 7s {Utd Kingm 5%5 29 Utd Kinem 5158 87. 150 Uruguay 8 25 12 24 1 2 | [ 8 2 5 7 1 3 i 1 Ajax Rubber 8. .. Am Agri Chem 718 Am Chain 6a. .. AmSmit& R 1t b | Am Suear ref v [AmT&Teltrds.. |AmT& Tcitrés. . AmT&T RIS .. AmT & T deb5lis. Am Water Wks 6a | Am Writing Pap 63 Anaconda 18t 8s. .. Anaconda cv db 7s. Andes Cop 7s rets. Armour&Co 4148 r Armour Del 534s. Assoclated Ofl 8s.. Atlantic Refln 65 Barnsdall 6s ctrs Bell Tel Pa5s B. Bell Tel Pa 58 C Beth Steel pm 63. Beth Steel rf 65. ... Beth Steel 5% 53.. Bethlehem Steel 6s. Brier H St1st5%s. Bklyn Ed gen bi Rklyn Unfon 5%s.. Bush T Bldg 68 60.. Calif Pete ‘%:é Chile Copper Cin G E 5%s 62 Col Gas & El bs. ... Commonwith P 6 Con Coal Md 1st bs. ConGasN Y 6%s. . Consumers Pow 5s. Cuba Canecv 8 Cuban Am Sug 8s.. Denver Gas 6s. Det Edison 58 40. Dodge w 1 6 Donner Steel 7s. DugL&P5%s4%.. 2 Duquesne Light 6s. 7 Est Cuba Sug T%8. Empire G & F 7%s. Fisk Rubber 88 Goodrich 6%s. Goodyear 85 1931.. Goodyear 65 1941. . Hershey 6% Hoe & Co 6% - Humble O & R 5% Tiiinois Bell 1st 55. Tilinols Steel 4%8. Indiana Steel 5s. . . Int Mer Marine 6s. 155 Int Paper b8 47.... 27 Int Paper 65. . 21 IntT & T 5%: (3 16 Kan CP&L 58 A 53. Kan G & El 68 52 Kelly-Spring 8s. Lackawa 8 68 60. Lacl G ref 58 34. Laclede G 6%8 52 Liggett & Myers 5s Liggett & Myrs 7 Louisv G & E 68 63. Manati Sug sf 748, Mid-Con 648 40.... ol 5: 1 5 1 1 19 6 15 4 20 19 2 14 13 11 12 N Y Edison N Y Edison 6% NY Tel 4% NY Tel 65 & North Am Ed e Stat \Nor Stal Otis Steel 7% Otis Steel 88 o734 [Bac S Pan- Peoples Gas bt PhilaCob%s 38. Phila Co ref 6s A Phila& RAC&I6s Plerce-Arrow $; Public Service 68.. 8 7 High 116 100 25 100 23 28 102 23 10222 Lib 4¢h 4% s 166 103 7 .. 216 101 10 1019 3108 14 108 18 s. High. Low. Cl 2 104% ATES. 1.000.) Low. .30 100 102 100 26 100 25 % 1016 10111 1036 1037 101 10 104 17 108 '4 7 10415 N. ose. 8% 9814 98% 98% 98 98 984 98 * 101% 98 1004 9T% 100% 98Y% 984 29 98% 101% 98Y% 101 98% 100% *[Ches&Oecviys L AB 108% 5% 88 91y 102% 1044 114 9214 17T 103% 109% MISCELLANEOUS. 1034 103% 104 101 997% 10814 97% 102% 1008, 105% 9714 102t 1004 104 98 108 10054 105% 7% +46 108t 105% 9915 9214 93 103 01 99% 1021, 103 98 1005 93 9914 102 10874 131% 988 104 1014 107% 102% 1004 10445 801y 106 100% 9815 108 9714 1025 95 9455 105% 105% 105% 102 115% 106% 110% 121% 100% 94 102% 10216 954 104 9214 95 98% 112% 1024 1047 105 98 1004 103% 103 120% 99% 99% 108 9614 101% 878 108% 102% 104 1164 9814 1048 1048 106 96 9973 1027 107 994 101% 101% 107% 101% 100% 105 1024 105 103%.103% 106 I Seab A L adj bi 108k | Seab Al Fia 8. D. C. TUESDAY, MAY 4, 1926. I N NEW YORK BONDS STOCK EXCHANGE I Recelved by Private Wire Direct to The Star Office. Co s, High, Low. Close. | 107% 107% 107% 1044 104% 104% | 105 104% 105 | 8iv 81 81 | 11045 110% 110% | 22 1074 107 107% 5908 904 903 961, 961z 964 | 1007% 100% 10074 | 90% 90% 134 137 1024 102% 1028 102% 1 45 105 106% 108% 108% | 105 1064 91 94t | 108 108% | 106% 107 964 96% | o7h 07w | 80 %0 10215 102 112% 112 106 106 102% 1028 | 994 99% | 102 102 103 1034 | Sale Pub Serv Elec 63 z P ServGasb%s59. P ServGas 6% 64. Remingtn Arms 63. Saks & Co sf 7 8tnolatr Ofl Sinclair Ol 6% | Sinclair O11 7 | 8tn Crude O11 ‘8in Pipe Line | Skelly O11 8% s | South Bell Tel 6x. [ Southwest Bell 5s. | Tenn Elec Pow 6s. Toledo Edn 1st Ty United Drug 6s. ... US Rublstrfbs.. US Rub7%s {US Steel s f8s Utah Pow & Lt 6. Vertfentes Sug 7a.. Warner Sug 7s 39. . West Elec 5s. . ... Westn Unifon 61:s. . Westinghouse 7s. . | Willys Ov 6% 33 Wilson & Co 1st Winchester A 7%s. 6 102 Youngstn S& T 6s. 13 1034 RAILROAD. Atchisonadjss.... 3 Atchison gen 4s. .. Atlantic C L el 4n Atlantie C L 1s At! & Dan 1st 4s 4 Atl & Dan 2d 4s 438 B&OGold 4s. ... B&Ocvilys B & O ref bn B&O1stssc B&O R&Orfimp 88 B&OPLEWV 4s.. B&O Sw Div b8 efs. Rklyn Manhat 6s. Buff R & Pitt 4%s Canada South 6s. Canad North 6% Canad North 7a Canad Pac deb 4s. .. Car Clinch & O 6s. Cent of Ga 5%s. Cent of Ga s Central Pacific 4 Cent Pac 1st 65 90 N 8714 92 928 944 RO €9 9l 96% 7% 104 104 103 103% 107% 108 9lx 91% 100% 1014 9; 5t 907 90%% 104 4 104 118 118 240 9o ! saii | 20 | w94 | 914 | 96% 9 109% 10974 105% 106 10354 103% 91 91 1014 1015 98 99 954 954 9214 9244 105% 105 86 86 9% ¥ &8 a8y’ 19% 7% 8% 49% 9% 104 Ches & O gn 4% ChiB & Qgn 4s 58 Ch1 B & Q 1st rf 5s. CB&Q-1113%s Chi& ETgnbs.... Chi Great West 4s. C M & Puget S 4s CM&StP4s25... 2 CM&StP deb 4 cfs. | CM&SPcvd 14 832cts CM&StPrf4ls. CM&StPevha.. CM&StP6s. ... Ch1 & NW gn 3%s Chi & NW 615s. 68 497 494 48% 10414 11315 1131 107% 167 % 7 85% 904 £ 95% 96% 104 104 4 1014 101 86 864 104 99 99 102% 102% 10314 1034 106 106 984 99 96y 98% 9214 92l 1061 106% 1 97 93% 94 1o, 110 105 105 891 8 99%, ChiRT&Pgnd ChiRI&Prfds ChiTH&SESs. .. 838 a0 86 Chi Union Sta 5s. .. Chi Unifon Sta 53 44 Chi & W Indcn 4s.. C&WIEY%863. CTC&StL 4% CCC & St L 5a CCC&StLrfesA. Cleve Term 5138 C&S1stds?29 Colo & Sou 4%4s. . Cuba R R68. Cuba RR 7% Cuba N R 63 Del & Flud 1st rf 4 Del & FHud ev 55 35 Del & Hud 6%s. .. | Den & Rio G cn 4a D & Rlo G imp 5 D Rio G West &8 Erle gen 4s Erfe conv ds A Erfe conv 4s B Erieconv4sD. . Erfe convext7s.. Erie & Jersey 6s. .. Erfe Genessee R 65. FlaEC5s 4. Fla EC 5s 74 new Gr Trunk sf db 6; Grand Trunk 7s. Great North . Great North 5%s.. Gr North gen 7s. |Green B & W db B. Hud & Man ref § | Hud & Man aj 6» | 1 Central ref 4s T Cen4s53.. .. 11 Centra 58 55. 11 Central 5%s. ... T1-C-C StL&ENO 53. Int Rap Tran bs. .. Tnt Rap T 58 stpd. 2 | Int Rap Tran 6s. Int Rap Tran 7s. Int & G Nor 1st 83 Tnt & G Nor aj 6s | Kan City F't S 4s Kansas City S 3s.. | Kansas City S 5s.. | Kan City Term 4s. Lake Shore 45 28 Lake Shore 4s 31 Lehigh Val cn 4 Lehigh Val 5 TLouls & N unl 4s L& N 41352003, Louls & Nash 7s | Man Ry 18t 90... Man Ry 2d 45 2013. Market St 7 40. M1 El Ry & L 58 M StP & SSM cn s MStP&SSM5s3sgtd M St P & SSM 5%s. MK &T 18t 45 MK&T4sB MK & T adj 58 MK&TprinSsA. MK&T6sC Mo Pacific gen 4s.. 113 o Pac bs 1985 7o Pac 63 49 D Mo Pac 6355 B Nassau E Ry 4s 57 New Or Term 4s N O Tex & M in bs NO Tex & M §s B. NOT&MS5%S. ... INY Cengen3t N ¥ Cenft deb ds. ... NY Crfim 41¢ 18, N YCentribs N Y Cent deb N Y CentLScl 3% NYChi&StL 5%48A. NYChI&StL5%s B NYC&StL6sA New Hav deb 48 b New Hav d 48 57 New Havencd 6s. 73 NY Ont W istds.. 4 NY Rys 6865.....209 NYRys6sA65... 2 NYState Ry 4%4s.. 12 NY W & Bos 414s.. 39 Nor & S gen 53 54.. 24 Northern Pac $s... 27 Northern Pac 4s... 14 Nor Pac 4% 2047. 10 Northern Pac5s D. 6 Northern Pacr 163 16 Ore & Calif Ist 5s.. 2 Ore Short I rfs 4s Ore Wash 1st rf 4 Pennsyl gen 438 Pennsyl gen bs. Pennsyl bs 64. Pennsyl 6%s Pennsyl gold Pere Marq 1st §s. . PCC&StLSsBT6. Por RL & P 65 47. | Por RL&P 718 46 Reading gen 4% Reading J C s 51. RIATK& L 4%s |8tLIM&S 48 29. St L IM&S R&G StL&SFpl4sA /StL&SF prinbs |StL&SF5%sD.. StL&SFaaj StL&SF inc {StL&SFpl |StLs W ist StL S Wcon 4s 32, SUP & KCShL 4% San A& Arn Pds.. |Seaboard A L ds sta 10 1037 109 00 9914 167% 115% 101% 106 13% 15 LIS 804 9344 874 1074 1034 103% 108% 98% 991, 93% 9% 1154 115% 100% 1014 1061 10614 1134 11355 5 15 96l; 963 9% B0 92 93 81 874 10715 1074 10314 10314 101% 724 Ti% 6% 9315 1 1 14 93'5 104 104 95 95 99% 99, 107' 10715 65 68% 62 62 98 98y 9515 95% 904 0% - 994 92 87 85 82 9uy 100% 100% 105 103 69% 69% 6% 9714 1054 105% 105% 105% 62 G2y 864 864 10056 100% 100% 1001 1047 96'4 964 105% 105% 107% 10 748 7814 2 83 78 11 3 16 102% 168% 1034 1034 62% 100 2% 34K 8% b6% T4l 864 66% 90% 93% 102% 113% 100% 98 8674 95% 106% 102% 118% 107% 10814 1031 1005 107 264 657 90 984 93% 102 102 1124 112 100% 100% 9% 9% 86% 86% 93 98% 1064 105% 1024 102% 1184 1184 107% 107% 103% 1034 103 10818 100% 100% 106% 108 9% 97w 90% 904 925 925 9% 97w 926 9278 82%s 83% 984 984 101% 101% 95% 964 88% 894 10214 102% 86% 86% 9 9% 90 20% 87% ¥7% 80 8n % 92% 83 98% 102 9614 9% 102% 86% 9% 90% 87% 80 7 15 6% 764 1044 | 107% 1074 | 102% 108% | FINANC Carrying of Coals To Newcastle May Be Necessity Soon Special Dispatch to The Star i BALTIMORE. May 4 ey | ing coals to Newcastle” will not be the traditional absurdity, but & | necessity if the British strike is prolonged. i American soft-coal operators are | watching the situation with cat- | like attention, for a few weeks of | inactivity abroad will mean mil lions of dollars for them. i At present the price of the prod uct is far from satisfactory. due to | the large stocks left on hand when the anthracite strike here | ended, but even this situation may | prove a boon to the Americans | should the export of coal to the | British Isles become necessar Here and ai the Virginia ports, Norfolk and Newport News, ships | and coal are ready to sail at the | first gesture of foreign buyers i WHEAT DEPRESSED BY STRIKE SELLING| Downturns Emphasized by Better Weather—Some Buying Is Felt, However. B. the Associated Prass { CHICAGO, May 4.—New setbacks | in the value of wheat took place early today on account of selling due to British labor troubles. The down- { turns were emphasized by prospects of rain Northwest likely to benefit the Spring crop. On the declines, however, there was fairly active buy- ing on the part of vesterday's sell- ers and this circumstance tended somewhat to check weakness. The opening, '3 to % lower, May (new), 161 1o 1.643%. and July, 139% to 1.40, was followed by a slight rally and then by an irregular decline that carried May down to 1.58 and July to 1.38% Corn and oats gave way wheat After opening 'a 1o Julv, 76 to 76%, the corn market underwent a material further sag | Oats started unchanged 1o ' low- | | July, 41%. Later all months | | shoved a loss Provisions despite with 3 off weak - turn in reflected grain ness an upward values WHEAT- May (new Ay (old) July September CORN May July September OATS. May July September | EXCHANGE SALES DROP.. | High | Trading in Baltimore Stock Market i | Hes Slump During April Special Dispatch to The Star BALTIMORE. May 4.—Sales on the Baltimore Stock Exchange slump ed sharply during April. both as com pared with the month preceding and with April of last It was. in fact, one of the lowest sales records established on the local board in more than a year. ocks which changed hands totaled 44,899 shares. as compared with a total of §9.990 shares last month and 54,100 in April, 1925. in the bond department an aggre gate of $493,900 was recorded. Bonds sold during March of this vea amounted to $960,100, while those ! sold in April of last vear totaled £909,400. CIICAGO. May 4 (United States De { partment of Agriculture.—Hogs—Re. | ceipts, 20,000 head: moderately active, strong to 10 higher than ) 1 best prices. mostly 10 to | than average: big packers doing little; " jority 240 to 250 pound butchers. 12.35a13.00; bulk_desirable 200 to 225 pound weight, 13.10a13.30: better, 180 | pounds down, largely, 13.40a13.60; top. 60 to 170 pounds. 13.60: packing sows, largely. 11.20a11.50; sorted kill- |ing pigs. 13.50a13.75. heavyweight hogs, 12.25a13.00; medium. 12.65a13.45; light, 12.40a13.60; light light, 12.50a 13.65: packing sows. 11.10a11.60; slaughter pigs. 13.00a13. Cattle—Receipts, 14000 head: fat steer trade slow, uneven: lightweight steers and heifers steady; matured teers mostly 15a25 lower: heavies off most; liberal sprinkling of thick flesh Nebraskas offered; top vearlings. 10.25: heavy Nebraskas at same price: good and choice heavy kosher cows weak to lower; other grades and classes of she stock strong, bulls steady: heavy Flol- stein upward to 7.00. largely 25 higher: market on vealers (o packers at 9.00a Sheep—Receipts, 12,000 head: fat | lambs slow: generally asking around 25 higher; one load of desirable wool lambs early to shippers at 16.00: looks | 25 higher; practically nothing done on clipped lambs; few early sales of fat sheep steady; good clipped ewes, 8.50; wool ewes upward to 10.00. = Convention Date Set. | Aunouncement that the eighth an | nual convention of the National Lime | Assoclation would be held June 8. 9 and 10, at French Lick, Ind. was made here yesterday by Charles War- ner, president of the organization. Use of lime in the construction of buildings and roads, treatment of public water supplies- and in production of farm products. as well as research develop ments, will be discussed at the meet. ing. | DRY GOODS QUIET. Special Dispatch to The Star NEW YORK, May 4.—Cotton goods markets were qulet today with prices generall unchanged. Print cloths stood at 73 for-64x60s and 8% for 68: Raw silk quieted down after yester- day's flurry, and was quoted un changed in a slow market. | | + | BAR SILVER PRICE. NEW YORK, May 4 (#).—Bar sil- ver, 65%; Mexican dollars, 50%. RUBBER HIGHER. Spectal Dispateh to The Star NEW YORK, May 4. rubber, smoked ribbed sheets, was quoted today at 50 cents. This com- pares with 4914 Monday, 58 @ month ago and 46% a vear ago. Crude 981a 924 8% 8in 106% 107 110% 110% 116% 116% 1% 9% 86% 86% 1047 104% 60'% 61 50 59 2% 2% 9% 943 9 90 99% 99% 102% 102% 102% 102% 99% 99% 103t 103% 70% 0% Sou Pac 48 29.. 2 984 98 Sou Pacificref 4s.. 11 924 Southern Ry gen 4s 17 Sou Ry con 68 9¢ 7 107 Sou Ry 6566 8 110% Southern Ry 6%s.. 63 116% Sou Ry Mo&O4a.. 7 91% TermAssoSL4s.. 12 & & Pacific 1st. 5 104% 4 6l L 6L 59% L o72% 4 uu 8 90% B3 99% . 6102% 27 102% 18 99% 13 103% 70% 23d St Ry 65 62.. Union Pac 1st 4 Union Pac 1st rf és. Union Pac 48 27 Union Pac ev 6 Virginia Ry 1st 5. VaRy &P | Wabash 6%8 75 West Maryland ss 9% 95 "y 794 79 944 94K LEL I L1 Seab A L con 100% 100% 68% 684 LW Western Pacific §s. Wilkes & E 1nt b3 Wisconsin Cent 4 8 100% 1 887 1 8% | ferred opened at |and later 1o 81y I making arrangements for | serve system was given by I | dress over the radio last evening IAL. TRADNG IS LVELY ON LOCAL BOARD National Morigage and Peo- ples Drug Stores Stock Are Among Features. “BY EDWARD (. INE. _Trading on the Washington Exchange today was more active tha usual and covered a wide variety of Issues, although there were no mark ed price changes In the bond division Capital ton 5s sold at 993, Georgetown 58 brought 9 on o ale, Washir ton Gas 53 changed hands ar 1007, while the xame corperation’s iz were dealt in aL 103%, and later on twn mall-lot transactions at 1021, Potomac Power preferred stock opened at 107! and advanced to 1071;. Twenty-seven shares of Wash ington Railway and Eleciric preferred brought 90%." The only bank s out today was American Security a Trust Co., 10 shares goir 358, Not tional Mortgags and Investment pre 835, dropped to 8% Trading in this jssue was unusually heavy, the day's trane fers reaching 260 shares Trading in Peoples | preferred was the larg since this issie was listed on the loca hoard. There were four sales (ataling 50 shares, at 99 Six shares of Mer banthaler Linotvpe sold at little under the high of 110 reached last week. Shares of the (‘o Title Insurance Company flat. Lanston Monotype recorded tw sales of 10-share lots at 85, off a fra tion from yvesterdayy's close Bankers' Committee to Meet Francis G. Addison. jr.. has calied special meeting of the bankers' cou: cil of administration of the Distric Bankers' Association to be held Thursday afternoon ar 4 headquarters, in Masonic Temple The business to come up is consideratio of the special report of the advertising committee. This mesting is to follow a ses called by W. \W. Spaid, chairman of the general convention commilte the coming Springs. All the ve beer active few days and impor be reported and entert: committees are understood to outline their plans pretty ¢ Bank Has Gold Piece 113 Years Old John M. Riordon, cashier of the Bank of Commerce and Savings. has a § gold plece which is 113 years old and in perfect condition. It was passed in at the teller's window in the regu! run of business. While it 1813, vet it can have been in circuia tion but very ligtie. It looks as if 1* had just come from the mint Tha coin 18 much larger and thinner than the present gold pieces ¢ same denomination. It ze of a quarter of a dol the American eagie and o ings. just as the modern coins have Where the gold pieca has been for vears, to be in such fine condition rather mysterious. The patron turning it in at the win dow thought it nothing unusual # made no reference fo its aze Plan to Attend Convention. Eugene V. Thompson. manaser Crane, Parris & Co. and Pau Keyser. counsel of the Investor ba ers' Association. will attend the meet ing of the executive council to he held at White Sulphur Springs. W. \ which opens on May 11 and < through the 16th. Mr. Thompson he longs to half a dozen different mittees in this organization and ways attends the Spring meetin Tre attendance is expected to be | usually large this vear, of former officers and com members are planning to he presen: Calls Outlook Very Bright Frank L. Dame, president of North American Co., has statement in which he declared the prospects for the light and power companies in the next 10 vears ais very bright. He says that millions of inves are holding this class of securities and are wondering if the prosperit: of the past decade can continue. lie believ: it will. 4ie bases his claims on i increase of electricity used in lich ing American homes, its steady crease in the industrial field and the rapidly growing demand for electricit by municipalities for street lightin= pumping stations and street car powe. Mr. Dame also notes a larger de mand for electricity on many farms and quotes the views of electrical ex perts to support his views. ile thinks that advances in the rural electrifica tion field is of special interest j t this time Federal Reserve System Praised. Unlimited praise for the Federal Ite Don aldson, Washington banker, in an ad M Donaldson believes we have the bes banking system in the world. He praised the foundation in finance v Alexander Hamilton as first Secretary of the Treasury and also the manner in which Secretary Mellon has handled many intricate problems which followed in-vake of the World War. Nothing is miore interesting to the business world than banking and noth ing more interesting to the student. he said. Without banking thege could I no substantial intercoure bétween in dividuals or nations. Mr. Donaldson also discussed credit and the huge proportions to which | convention at Ho! subcommittees | during the p m finite \ 4 | has grown in recent vears. Farm Relief Before Bankers. The American Bankers' Association executive council at Pinehurst, N. C. expected to take up the question n’ farm relief at today's session. There {8 much sentiment among some of the bankers that Congress ought to pass some kind of a relief measure at this session The matter has come up at Pine hurst because there is no class of men other than the farmers themselves, so interested in the farmers’ prosperit: as the bankers. Some of the bankers are urging 2 bureau of aeronautics to be connected with the Department of Commerce but they see no demand in this coun try for government air subsidies Hendrick 1l in Hospital. J. Thilman Hendrick, one of Waxi ington's best known businessmen, h< been confined to a local hospitad suf fering with a facial infection. His business associates yesterday flowers and greetings to him. He w reported as improving today. 2 DAIRY PRODUCTS. BALTIMORE, May 4 (Special) Poultry—Live young chickens, pound, 30a40; Winters, 45a50; Springers, 45a 50; Leghorns, 40a45; old_hens, 30a83; old roosters, 20; ducks, 27a34: guinea fowls, each, 75a85; old, 35a50; pigeons, pair, 40. Eggs—Receipts. 817 cases: nativa and nearby, fresh, dozen, offered at 28%a29%. Butter—Good to fancy. creame: 39a41; prints, 41a43; ladles. 34a store packed. 29: dairy prints, 30a32 process butter, 36a; FORT WORTH.—West Texas oil uction increased 3,000 harrels a Loy last weok €0 n average of 184,- 760 barrels. v