Evening Star Newspaper, May 5, 1926, Page 30

30 i TREND 15 HIGHER IN STOCK MARKET Considerably Reduced Vol- ume of Business Is Noted Today. BY STUART P. WEST. Spacial Dispatch to The Star EW YORK, May 5.—On siderably reduced volume of trading the market today was variable, buton the whole inclined to higher prices. Oil shares were strong, up all the way from a half point to 2 points. Sugar stocks were in demand, wi extending to 3 points or more The sugar situation is one of the most. interesting of any. The very low prices have stimulated world con- sumption to an extracrdinary degree. The question is whether the increased demand will offsel the enormous out- put of the Cuban crop. It is uncer- taln how far the labor troubles in Cuba have affected or will affect ship- ments of sugar. But in the mind of the sugar trade the outiook is better than it was o month ago and has heen duly reflected in the movement of sugar sha the Stock change | There was further evidence of { welling on account of the great British fndustrial crisis. Steel opened down a fraction. then rallied. Atlantic R fining Rot up over a point an American half point or Panhandle wcing and made a new hizh. Again il st quite a_keen demnand for S Oil of New Jersey at nn advance of over a point. Pure Oil was up half & point or more and General Asphalt | me nearly ° The oil | e Furopean factor in a con- no aituation their case. South Porto Ric ward sharply. so did Cuba Co. Altogether the feeling wa: much improved te 1 the sugar stocks. The special operation in Colo- vado Fuel continued. but the rise in Sloss-Sheffield was checked. Motor <hares were uneven. but during the creater part of the time were disposed ¢ went for- the afternoon has been at almost Price changes s like Baldwin arket dullest it is vear were very small Lacomotive were nge of less tl Studebalk and it gave during almost unchanged, n idea of the state of market when Woolworth, practicaily the same American Ag ferred. which break. and subsequently covery, was - day’s ele ®on Motor was up vior #nd General Motors a point. General Electric had a moderate raily and so did Coca Cola and Mack Trucks. Texas and Pacific ran up three points or more on familiar ru- mors of what the stock would be worth under consolidation. There was a slight improvement in Wabash com- mon and in Erie. On the whole. the railway shares did little to speak of. A further advance occurred in At lantic Refining. CLOST had a big slight ve d yester ne. Hud- n a point a FIRM. Few Important Changes Take Place advances } FINANCIAL. [ Open. m 8% 9% 1l Adams Exp (6). Ahumada (11). Ajax Rubber. Alaska Junea Allfed Chem (4). Allied Cm pt (7). Allis Chal pf (7) Amerada (40c). . Am Agricul Chm Am Agri Ch pf.. Am Bank N 1.60. Am Bosch...... Am RBr Bov E1(2) Am Can (2) Am Chatn A (2). AmDrug....... Am & For Pow. . A Hide & Lea Am Hide & L pf. Am Home Prod. {Am Ize (110). Am Internatl. .. Am La Fr (1) Am Linseed Am Loco (8) . 9614 Am Metals (4).. 50% Am Radiator (4) 111 Am Safety R (3) 47'% Am Ship & Com. 9% 109 26'% Am St Fdys (3). Am Suear (5)... Am Sumatra. A 40% 69 10% 17 Am Tel & Am Tobaceo (8). 115% Am Tobac B (8). 114% Am Wa Wo c1.28 Arh Woolen... .. Am Waol pf ( Am Zine pf Anaconda (3)... Archer-Danlels Armour Il A (2) Armour 11 (B). . | Asso Dry G(213) Atchison (7) Atchison pf (5). At] Birm & At Atlantic C L +91; Atl Gulf & V1. Atlantic Refing. Austin-Nichols. Auto Knitter. . Baldwin L, (T). .. Balto & Ohlo(5) Ralto & Oh pf(4) Bang & Ar (3)... Barnet Leather . Aarnsdall A (2). Barnsdall B (2). Bayuk Clear. .., Beech-Nut (13) . Relding Bros(3). Rethlehem Steel Beth StI pf (7). British Empire . British Emp 24 Ekin Edison (8) BkIn-Mn Tr (4).. BkIn Un G(#11). Brown Shoe (3).. Brunswick Ter.. Burns Bro (10). Burns Br B (2) .. Rurns Bro pf(7). Bush Terminal Rutte Cop (30¢). Putterick . Byer & Co. 15% 1 87 69ty 129 €} Tl a2 uallahan Zine. .. Calif Petrol (2).. Calumt&A(14%) CRlume&H(134). Can Pacific (10). Case Threshing. . Cent Leather. ... Cent Leather nf. Century Rib M.. Cerre De P (4).. Certain-Teed (4) Chand-Cle pf(4). Ches & Oh (112 Chi & Alton. . Chi & Alton pf. Chi & East T11. Chi Gr West pf 1% 83 60 144 156 81% in Final Hour. | NEW YORK, 5 (P).—~The clos- | ing was firm. Few changes of conse- | quence took place in the final hour, | traders hesitating to follow prices up; in view of the hardeninz tendency of | money rates. Reports of unsati i tory operations in the leather indus. | try in the first quarter caused selling | of theee issues, Barnett Leather | Brown Shoe and International Shoe falling to the vear's lowes Fidelity-Phenix Insurance, was lifted 6 points and gains of polnts each were recorded Ly Mid-Con- { tinent Petroleum and Panhandle Pro. ducers preferred issues. Sales approxi- | mated 750,000 shares. however, Markets at a Glance NEW YORK (®). - stocks firm; mandard rails resume advance. Bonds irregular; forefzn obligations further depressed. Foreizn exchanges weak French and Belgian francs break to record lows. ~Cotton steady: bullish | as crop report. Sugar quiet; com- mission house buying. Coffee firm; steadier Brazilian market CHICAGO.- Wheat firm: 1umors axport husine Corn bavelv steady disappointing demand. Hogs firm. Cattle dull RUBBER IS HIGHER. spatch to The Sta YORK, May b . smoked ribbed sheets, was quoted 5013 cents at noon today. This with 50 cents Tuesday, 581z month ago and 17 cents a 0. METAL MARKET. YORK. May 5 (@) electrol spoi and Tin firm: spot and nearb; futur 60.12. lron steady: y changed. Le: pot, 7.85. Zinc steady: . spot and Cntures, 6. Antimony, spot, 13.00 l 1sh i | ‘rude rub- NEW dull 137 -Copper futur 64, CALL MONEY FIRMER. NEW YORK P).—cCall money firmer . 3% rul- < . 4: offered 31, loan, 4: call loans against acceptances. 31, Time loans firmer; | mixed collateral, 60-90 days, 4a4%: 4-6 months, 4. Prime mercantile paper. 4. FOREIGN EXCHANGE. (Quotations furnished br W. B. Hibbs & Co.) Nominal Selling checks xoid v odnr don. pound $14.8663 $4.85'c NEW YORK. May 5 (#).— Foreign sxchanges weak. Quotations (in cents) Great Britain-——Demand. 484 11-16; ca- les, 485 5-16: 6v.day bills on banks, ance—Demand, 3. in, 14.37; zecho. Aus. ; Jugoslavia, 1.7 : Rumania, .321¢; 40,00; Brazil, 14.43%; Tokio, 46.561 Shanghai, 73.25; Montreal, 100.125, TREASURY CERTIFICATES. (Quotations furnished by flor. 0-33 32E252 354388 b3 23! " |Gotham pf (7). ;| Gould Cou 2> i Hay e | HelmeGW pe(T) . Chi M1 & StP. Chi Mi] & StP pf. ©MIl & St Petfs. CMI&SP pf efs. Chi & Nwn (4) ChiR1&Pac.... CRI&Ppt(8). Chile Cop (23%).. Chrysler Corp(3) Chrysler pfA(8). Cluet Pea pf (7). Coea Cola (7).... Col Fuel & Iron. . Colo Southern. Col Sou 2d pf(4 Col Gas & El (5). Coi G & Epf (7). Com Cred (2). . 38% 6015 591 75% 123 | Com Solv A (4).. 13 15's Congress Cigar. . Consol Ciga Consol Distribut. Consol Gas (5). Consol Taxtil: Cont Can (16). Cont Mot (80¢). . Corn Prod (2) ... Crucible St1 (5).. Cuba Cane Sugar Cuba Cane Su pf. ba Co (4).... Cuban Am S (3). a 53 3's 92% 1% 73% 10% 38% 67 9 46" Cuban Domin | Cuban Dom pf . dahy Pkg (7). Cushman's (8). Davison Chem. Del & Hud (9) Del L & Wn (17 Dodge Bros CLA. Dodge pf (). Dome Mines (2). Dupont (10.. Dupont deb (8).. 102 Duquesne pf (7). 118 Eastman (18) Eaton Axle (2). Eisenlonr & Bro. El Auto L(16%). Electric Boat Elec Power & Lt. Elec P& L pI(7). Elec Refrig (12) Elec Sto Bat(i6) End John (6) 6% . 136% 28 8! 26 1274 64% e 1815 23 647 7% 66% High. 111 8% 9% 14 109 25% 1674 58 897s 184 96% 50% 40% 69 1% 17 116 115% 45 15% 1 877 €97y 401y 434 “6ty 24 10 8914 100 % 129 637 1 6044 14% 156 0 357 61 76% 121 29 15% a1 23 17 T4% 10% 38% 67 94 48% 25% 1% 1915 82 92 37 136% 2! 26% 12% 64% 5% % 67 31 39 1ow. 111 844 9% 1% 115% 116% 118% 120% 120% 120% 109 254 17 300 30 30 96 50 Am Sm & Ref(7) 117% 117% 1167 Am S & Rpf (7). 117% 117% 117% 40% 6814 10% 17 Tel(3) 145% 1461, 145% 5% 114% 46 24% 401, 5 180% 129 9 15% 1 1034 103% 103% 87 €9% 4015 62 Ti'a Calif Packinz(8) 127% 128% 127% 1% 2% 14 154% 81% 8 4514 13% 1451 1467 145'% 334 6019 591 75l 112% 29 1324 2815 67 94 407 41 407h 46'% 26 1% 191y 83 o2 36 158% 169« 1582 136% 115 109% 109% 1094 26% 7% 66% 31 38% 34w 4T% 4T% 4% Famous Pl (8).. 118% 119% 118' Famous pf (8).. 119 FedLizht(*1.40) 30 Fed Min pf (1).. T3% Fid Phoenix (6) 170 Frat NatS(1%). 32 Fisher Body (5). 88 Fisk Rubber.. . 16'4 FiskR1stpfs(7). 814 Fleischman(2).. Foundation (8) Fox Film A (4) Froeeport-Tex Gabriel Sn(13%) Gardner Motor . . Gen Am Tnk (3). Gen Asphalt. ... Gen Asph pf (5). Gen Cigars (4).. Gen Elec (c8)... Gen Elec sp(80c) Gen Mot (112)... 1 Gen Outdr Adv Gen Outdr A (4). Gen Petrm (3). .. GenRySig(t4%). Glidden (2) Goodrich Ru (4). Goodrich pf (7). Goodyear pf (7). Gothm S H(2%). Granby Consol.... Grt North pf (5). Gt Nor Ore (1%) Grt Watn Su (8). Hartman (2%). . es Wheel (3) Houston Oll.. Howe Sound (8). Hudson Man3%. Hud Man pf (6).. Hudson Mot (3). Hupp Mot (1) Tllinois Cen (7) Indep O1l (1) Indian Refining. Tngersoll R (3) 119 30% 73k 170 32 119 29% 3% 170 82 118% % 118 24% 25% 24% 104 91 81 Close. | 1 ] 8% 9% 1) 116% | 120% 109 268 16% 57% 397% THE EVENING STAR, WASHINGTON, D. €, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Inspiration (2).. Interurh Rap Tr. Intcontl Rub(1). Int Com Eng (2). Int Harveser (8) IntMtch pf(3.20). Int Mer Mar pf.. Int Nickel (2). .. Int Paper....... Int Shoe (). . nt Tel & Tel ( Jewel Tea. s | Tones Bros 50 111 4% 9% 117% uM% 40% 6814 1% 17 1464% Jones & Lau (7 Kan City South. . iCelly-Spring. ... Kennecott (4). Keystone T & R. Kresge S8(1.20). Kresge Dept S o | Kuppenheim(2) Lambert Co 4|18 Tire & Rub. . Lehigh Val(3%). Leh&FInk otf(3) Liggett & M (14) Lig& My B (14). Lig & M pf (7).. Lima Loco (4) Loews Inc (2). Loft. .. . Loose W 1st (7). Lortllard(3). .... Loutslana Ofl. . .. LoulsGasA(1.75) Louls & Nsh (§ Ludlum Stee]. AI'CroryB(25.60) Mack Trucks (8) Mack T 18t (7). Magma Cop (3).. Man El gtd (d5). Maracatbo O1l. Market Street Market St prior. . Marland Oll (4). arlin Rock (2). artin-Parrv(2) Maytag Co (2).. MetroG pf(1.89) Mexican Seabd. . Mtam1 Cop (1) Mid-Continent. .. Middle States. . Midland pf(+10). % |M!s Kan & Tex. . MoK & T pf (6). Missour! Pacific. . | Mtssour! Z-ac pf. Montana Pow (5) Montgom Ward. . Moon Mot (3).. .. Mothr Lode(75¢) Mo Pleture(113) . Motor Met (3.60). Motor Whi (2)... Murray Body Nash Motors. ... Nat Biscuit (4) Nat Cash Rez(3) Nat Cloak & Suft Nat Dairy (3)... ! Nat Distillers pt Nat Lead (8). ... Nat Pw&Lt(40¢). Nat Ry Mex zd . Nevada Cop (1) N O Tex & M(7). NY AlrBrA (4) NY Canners(c?). NY Central (7). NY Chi&StL(11) NYC&SLL pf (6). ;. |NYNH& Hart.. NY On & West. . Y Ryspftefs. NY Rye ctfs sta. Niag F pf (1%).. Norfk & Wn(18). Norf & W pf (4). North A (B3.40). North Am pf(3). North Pac (5). Norwalk (1.69) Omnibus. ... Orpheum Cir(2 Otis Elevator(8) Otls Steel. . Otis Steel pf. ... Outlet Co pf (7). Pacific Gas (3). . PacOll (3)... Packard Mot (2). Paige Mot(1.80). Pan-Am (6)..... Pan-Am B (6)... Pan-AmWnB(2). Panhandle. Panhandle pf Park & Tilford. .. 2| Park Utah (60c). 261 159% 115 109’4 26% 12% 647% % Pathe Bx (c3). .. Penick & Ford. Penn C & Coke. Pennsy RR (3) Penn-Seab Steel. Peoples Gas (8) . Pere Marq (18) Phila Co (4). Phila Co pf (3) Phila& RC&1I.. Pi:11lips Pet (3) Plerce-Arrow PittUt pf(11.20) . PittsUpf n(1.20) . Postum (4.40) . Prod & Refiners Producers&R pf. Pub Ser N J (5). Pub Serv pf (6). Pub S NI pf (7). PubS E&G pf(6) Pullman Co (8) . Punta Aleg Sug., Pure Of1 (2).... Radio Corpof A. Radlo C pf (3%). R8T Cots (4). Rwy Stl Spr (4). Ry St Sp pf (7). Ray Cons Cop(1) Reading (4) Reading rts Reading 2d (3). Reld Ice Cm (3). Remington Type. Keplogle Steel. Rep Iron & Steel. Rey Tobac B (4). * | Robt Rels & Co. . 119% 119 301 3% % Rossia Ins (8)... St Joseph L(13). StL & SanFr (7). St L Southwest. . St L Swnpf (5).. Savage Arms (4) Schulte (18).... Seaboard Alr L. Seabd Alr L pf.. % | gimmons (12.26) . 17% | 19 2% 94 118% 26% 10% 91 37 Stmms Pet (1). Sinclair O11. Skelly Of1 (2. Sloss Sheft (8). South Port S (6) . Sou Dairfes A(4) Sou Dairies B South Pac (8) Southern Ry ( Oven. 22% 41% 144 44% 115% 59% 83% 110% 1 7 1 11 5l 1% 119% 8114 72'% 49% 79 100% 105% 100 168 -1 South Ry pf (6).. Spicer Mfg... StdGas& El (3). StdG & Elpf(4). Std Oll Calif (2). StdOIINJ (1).. Std OfL NJ pf(7). Stewart War (8). Stromberg (6) . Studebaker (5). Submarine Boat. Sun OI1 (f1). Superior O11 Symington A Telautogra (§0c). Tenn Copper (1). TexasCo (3).... Tex Gulf 8 (10). Tex & Pacific. Tex & Pac C & Un Pacific (10). Un Pacific pf(4). Un Tank Car(§). td Alloy (2)... Utd Cigar S (¢e3), 9% Higb. 228 42% 14% 16 15 10% 87 581y Low. Close. 229 22 15 115% 40 14% 4z 23% 122 35'% 261 21% 870 286 2814 146'% 865 31 9% 100% 106% 100 167% 2 38% Al% 20% 21% 34% 116% 46 30% 029% 109% 9w 21% 653w 65% b4% 45% 118% T4% 8 33 2% 17% 1% 1% % 133 53 14 805 86% 83 54 80% % | U S Steel (7). HIGH-GRADE BOND LIST IRREGULAR British Strike Not Much of a Factor in Market Today. BY GEORGE T. HUGHES. pecial Dispatch to The Star. NEW YORK, May 5.—Improve ment appeared in the bond hmarket {in the forelgn and domestic list there were certain issues which were in demand at somewhat higher prices than have prevailed for the past two days, but there were numerous ex- | ceptions. The British_ strike did not appear to be much of a factor in the market, certainly not as much as it was yesterday. ; British bonds held around the losing level of vesterday. French issues weakened somewhat, the 8s falling below 102 and French Cities 63 losing about a point, German 78 were steady, but the Polish 8s were under pressure again, selling at the low of the year. The irregularity characteristic of | the market was especially conspi today, but it was not uniformi. Both | uoust in the high-grade domestic lis United States Steel sinking fund bs held firm around the recently estab. lished new high. and New Orleans, Texas and Mexico. now legal invest- ments for New York State savings banks, were in demand. Tilinols Steel 4%gs recovered all the loss of earlier in the week. Against these were lower prices for Union Pacific first 4s. There was no im- portant change in United States Government obligations. The feature among the public utilf \des was Utah Light and Traction os, which had a vigorous advance 10 a new high for the year. Local trac- tions were irregular. New York Rail- ways income 68 were heavy, but there was good support for the Interboro Trading quieted down In arine 6 The newly offered $8.300,000 Inter national Railways of Central Amerlca 6 per cent notes running 15 vears and priced to yield over 6.40 per cent were well taken. Reports of a new $200,000,000 loan to Cuba were denied. News that Massachusetts had made equipment trust securities legal in- vestments was favorably received. 1 M: PARIS PRICES STEADY. PARIS, May 5 (P).—Prices were steady on the Bourse today. Three per cent rentes, 46 francs 10 centime: Exchange on London. 153 francs. Five per cent loan, 65 francs 75 centimes The dollar was quoted at 31 francs 53' centimes RAILWAY CAR ORDERS. NEW YORK., May 5 P).—The Delaware, Lackawanna and Western Rallroad is asking for bids on 1,600 cars, consisting of 1,000 hoppers and 500 box cars. The Texas and Pacific has ordered 300 automobile cars from American _Car and Foundry. The Northern Pacific is in the market for 12 mountain type locomotives and Unfon Pacific is asking bids on 14 large engines MECRORY SALES GAIN. NEW YORK, May §.—Sales of Mc Crory Stores Corporation for the four months of 1928 increased 19.9 per cont over the perfod last vear, $9.634.656 against § ANK CLEARINGS. Special Dispaich to The Star NEW YORK, 3 New York « clearings. $1.032,000.000: New York bank balances, $105,000,000; New York Federal Reserve Bank credits, $87.000,000; Boston bank clearings, $85,000,000 CHICAGO, May 5 (#).——-Potatoes— Receipts, 62 cars; total United States shipments, 476; on track, 367; trad ing and demand improving, market weake! ‘Wisconsin sacked round whites, 3.60a3.75; few fancy, 4.00; Min- nesota sacked round whites, 7.25a3 mostly 3.40a3.50; Idaho sacked ru: sets, 3.50a8.75; Colorado sacked brown beauties, mostly around 3 sacked various varieties, 2.25a3.00; new stock about steady: Texas sacked Rliss Triumphs, 6.40a6.65; mostly 6.50: Florl- da barrels Sapulding Rose No. 1, 11.00 all1.5 DIVIDENDS. Corp. Pe Alabama Co Am Art Wis. THR Artloom Corp. Do. pf.... Bkivn Cy R'R Brown Shos... Cent 1l Pub Serv pf... . Centrifugal P L pf golmn P& y 50 8 Payable. 144 57 107 841y 166% 51% b52% 807 61'% 105 122% United Drug (8). UtdDrg 18t(3%) . Utd Frult (112).. Utd Ry Inves pf. USCIP&F10). U S Distributing. US Hoffman t3% U 8 Ind Alcohol. . U S Rubber... U S Rub 1st (8) 52% 50% 60% 106 121% 128 18 31 334 46% 16% 31% U 8 Steel pf (7) Untversal Pip Ut PAL A vanadium (3)... Vick Chemical. . a-CarCh (n)w { Va-CarCh 6% pf Va-CarCh 7% pf Va-Car Ch ctfs. . Va Iron Coal & C Vivaudou. ‘Wabash. . . ‘Wabash pf A (5) waldorf (1%).. walworth (1.80) Ward Baking B. . Warner Bros. . .. ‘Warren Bros (4) Weber (4)...... West Maryland.. West Md 2d pf .. Pacific. . . Pacpf (6). A i("l(!‘fi)) . ‘Westinghse (4). Wheel & LEpf.. ‘White Bagle (2). ‘White Mot (4)... ‘White Rock (2). Wwickwire ctfs. .. willys-Overland ‘Willys 0d p£(7). ‘wilson & Co new Wwilson A (new). 16% 164 WoolwthFW (15) 148% 145 ‘Worthn Pump... 24% 26 9% 97 0% 0% 0% in the \ Aharwize noted. exira oF e Ll Baablo tn stock payable 1% % | ON NEW YORK BO Raceived by Private Wire Direst to The Star Ofice. UNITED STATES. | (Sales are in $1.000.) Sales. High. Low Close Lib3'as.... 103 100 25 100 24 100 24 Lib1st4%4s 8 10223 10223 10223 Lib2d 4%s. 45 100 29 100 26 100 26 2 Lib3d 4%s. 260 101 11 101 10 101 L1 Lib 4th 4%s 813 1036 1036 1035 * US3%s.... 53 10111 (019 10111 US4s1944. 6 104 15 104 14 10415 US4%s62. 710816 10814 10816 FOREIGN. Sales. High. Low. Close. Argentine 65 Ju69. 35 98 98 98% Argentine 8s Oct 69 30 98 3 98% 98% 98 98 101% 97% 100% 971 100 831 80% 9214 108 106% 99% 83t 9314 103 1014 Bank of Chile 6%4s Bank of Japan 6 Relgium s S=a Canada 5s 1931. Canada 5s 1953, Canada 638 192! Chile 75 1943 WEDNESDAY, MAY | Tenn Elec Pow 98% | Chile 85 1946 Chinese Gov Ry ba. Con Pow Japan 7s Copenhagen 67 Cuba 6%s.... ARD MOUARRINRLPIL B 89744 101% 100% 110% 111 10374 102% 102% 104% 104% 106% 96'a Czecho 8s 1951. .. Czecho 8s 1952 ct. Danish Munic 8s A. Danish Munfc 8s B. Denmark 6 DET5%s DEIn5%s Nov 58. Dutch East T 6s 47. Dutch East I 6s 62. FEl Salvador 8s 48. . Finland 7s. ... Framerican 7% French 7 French 7% French 8 German German 7s. . Ger Agr Bank Ger Gen Elec 73 Greek 7s Hait! 6 Hungary 6%...... o Snoke~=3 % ergens U M 6s 47 Lyon 6s. .. Marsellle 6s Mexico 45 04 asntd. Mexico 4s 10 asntd . Mexico 58 assented . Montevidio 7s. ... Netherlands 63 54. ‘etherlands 63 72 Nord 6%s..... Norway 5 Norway 651943 .. Norway 65 1944 ... Norwayv 6s 195 Orfent Dev deb 6: Parfs-Ly-Med Paris-Ly Med 7i Paris Orleans 7s Peru Tis. . S o HABIINA B = O =R DR~ D Poland 8s. Porto Alegre Prague 7%s Queensiand 6s Queensland 7s . Rio de Jan 8 1948 Rio de Jan 88 47 Rio Gr Do Sul 83 Setne 7s42... Serbs Crot Slo Sweden 53 sct. Sweden 6s. Swiss 618 194 3 Toho Elec Power 78 6 5 Utd Kingm 516829, 2 117'% Utd Kingm 6%837. 50 104 Utd Steam Copen 63 1 90% Uruguay 8s 2 109 MISCELLANEOUS. Am Agri Chem 7148 4 1041 104 Am Chain6s....... 4 101 101 AmSmit& R1stss 5 100 Am Smit & R 6 107% Am Sugar ref 6= 4 1084 AmT& T cl tr 4 AmT& Tl trés. AmT&Tsfbs. . Am T & T deb55s. Am Water Wks bs. Anaconda 1st 6s Anaconda cv db 7s Andes Cop 7s rets. Armour&Co 4% srf Armour Del 53 Assoclated Oil 8 Atlantic Refin 8s. Barnsdall 6s ctre Bell Tel Pa6s B Bell Tel Pa 63 C 10414 101 100% 224 93 103 1015 9% 103 Consumers Pow b Cuba Cane cv 88 Cuban Am Sug 8 Dery (DG) 78 Det Edison ref Dodge w 1 68 Donner Steel 7s. Duquesne Light 6: Est Cuba Sug 7%8. Empire G & F 7%s. Fisk Rubber 85. Goodrich 6%48..... Goodyear 88 193 Goodyear 58 1941. Hershey 5% Humble O & R 5% Tliinols Bell 1st 5s. Tilinofs Steel 4%4s. Indiana Steel 68 Int Mer Marine Int Paper 68 47. Int Paper 68 IntT&T6%s Kan CP&L 6s A 63. Kan G & E16853.. Kelly-Sprini . Lackawa 8 58 50 LaclGref5s3d.... Laclede G 5%8 62. & Myers b/ - - - NRARROONO -~ R —D ARNARNE — R DR elly Ofl 6%8. 8o Por Rico Sug 7s Southwest Bell 6s. 107% 4 102% 102% 1024 5. 1926.° DS srocx excaance l High. Low. Close. 9% 971 9T% 105% 105 108% 108% 65 105% 105 UK 9% 108% 108 107% 106% Sug EstOrfent Warner Sug 7s 39. . Warner Sug 7s 41.. West Elec bs. Westn Unfon 6%4s. . Westinghou: RAILROAD. Ann Arbor 4s. 2 814 Atchison gen 4 Atlantic C Lel AtlanCL 4%ms 64. . AtlanticC L 7s. ... Atl & Dan 1st 45 48. Atl & Dan 2d 4s 483, B&O1stbsct.. B&O6s . B&Orfimp . B& OPLEWV 4s. B&O Sw Div bs o Bklyn Manha Buff R & Pitt 4% Canad North 6% Canad North 7s Canad Pac deb Car Clinch & O Centof Ga 538 Cent of Ga Central Pacific 4s. . Cent Pac 1st 68 90. . ChiB&Q1strfbs. Chi& ET gnbs Chi Great West CM&StP4s25. CM&StPgn4ssy, CM&StPcv4alss. CM&SPcvd 15 832cts CM&StPrf4%s.. CM&StPratsct 14 CM&StPcvbs. .. CM&SP cv b3 cfs 14 CM&StPgs. Chi & N W ref 6s Chi&NW7s Chi Rys 5s. . ChiRI&Prfds ChiUn Sta 4%s. Chi Union Sta 6s 13 Chi Union Sta 8143. Chi& W Indon 4 FINANCIAL. WHEAT AGAIN SHOWS TENDENCY TO DROP Trading Start* Higher, But Soon Turns Easier on Increased Sell- ing for Southwest. , By the Associated Press. CHICAGO, May 5.—Although wheat prices started higher today, the mar- ket soon turned easy. Initial gains were ascribed to an upturn in Liver- pool quotations, but increased selling hers, chiefly on the part of houses with Southwest connections, led to a reaction. Torecasts of cooler, unsettled weather in the Spring crop are a ten- dency likewise to weaken values. and so, too, did absence of indications that any immediate settlement of the | British general strike was in prospect. Chicago opening figures, % to 1% | higher, May (new), 1.69% to 1.39%. and July, 1.39 to 1.39%;, were followed by an irregular decline to well below yesterday's finish. Corn and oats traders took their cue from the action of wheat. After opening unchangea to half cent off, July, 75% to 758, the corn market underwent a material sag all around. Oats started at % to % advance, July, 41%. Later slight losses were shown. In line with hog values the pro vision market was firmer. High. 4210 425 55 July AT B8 September .. BRITISH STRIKE HITS FOREIGN EXCHANGES Belgian, French, British and Ru- manian Currency Have Bad i Slumps Today. By the Assoctated Press C&EWI5Yn6s. CCC&StLbn. Cleve Term 5s Cuba R R6 CubaRR7 Cuba N R Del & Hud cv 58 35 D & Rio G imp D Rio G West 5 Det United 4%s Erfe 1st cons 4s Erte cen 4, Erfe conv4s A. ErfeconvdsB..... Erle Genessee R 65 FlaECb5s 74 Fla EC5s T4 Gr Trunk sf db Grand Trunk 7s. Great North s @ wmSeRonan=-mRouad~nw Hocking Val 4%s. . Hud & Man ref 5 Hud & Man aj & 111 Central ref 4s I11Cen 4s63..... Tl Central 6 : 111-C-C StL&NO 5s. Int Rap Tran bs Int Rap Tr 63 stpd. Int Rap Tran 6s. Int & G Nor 1st 65.. Int & G Nor aj 6s. Ran City Ft 8 4, Kansas City S 38 Kansas City S 6. [fan City Term 4s. Lake Shore 4s 28 Lehigh Valen 4s. .. Lehigh Val 55 2003 . Lou!s & N unl 4s... Louls & Nash 514s. Louts & Nash 7s... Man Ry 1st 90. 1074 66% M&StListrfd4s.. MStP & SSMcn s MStP&SSMss3sgta M St P & SSM 6%s. 105% 6213 Nassau E Ry 4s57.. 7 by 1004 Tex& M inbs.. 10 NOTex&MG5sB.. 14 6244 1004 100% - 85 1064 < 791 YCrfim4lss13. 20 964 N Y Cent r 16 g NYChI&StL 5% sA. 18 NYChi&StL5%8B 12 NYC&StLé6sA.. 6 New Hav deb 4s 56 New Hav d 4s 6 New Haven c d 6: NY Ont W 1st 48 5. NY Rys 65 A 65. N Y State Ry 4% NY W & Bos 4%4s. . Norfolk & W cn 4s Northern Pac 3s. .. Northern Pac 4s Nor Pac 4145 204 Northern Pac 63 D Ore Wash 1st rf 4 Pennsyl gen 4%s. Pennsyl bs 6 Pennsyl 6% Pennsyl gold Pere Marq 18t 4s § Pere Marq 1st 5s... PCC&StL6sB7S. Port RL&P 5s 42. Reading gen %8 RioG W 1st 4 Rio G West cl 48 RIArk&L 4% St L IM&S 4829, StLIM&SR&G4s. 3 StL&SFpI4sA..113 8 PR Wt S 98y % 102% 102% 1125 118% 107% 107% 88 s 103% 1084 1034 1031 92 92 8 9% e vmnaluB5o L= StLSWecondsis. 45 St P& KCShL 43%.. 2¢ Sou Sou Pacific ref Southern Ry gen 4s Sou Ry 6s b Sou Ry con 68 9¢. Southern Ry 6%4s.. Term Asso S L ds.. ‘Third Ave ref 4 3 5 1084 108% 102% 102'% 102% 102% 99% 994 101% 101% Wisconsin Cent ds. PRREPNRS BAR SILVER PRICE. NEW YORK, May 5 (®).—Bar sil- ver, 86%; Mexican dofars, 5084, NEW YORK, May 5.-—Heavy selling of Belglan francs. which carried the rate down 25 points to a new low record for all time at 295 cents, and a slump of 12 points in the French franc to a new low at 3.11 cents today were attributed to the unsettling effects of the British strike. BOND ST ACTNE ON EXCHANGEHER Prices Hold Steady—Mer- chants’ Bank and Trust Co. to Expand. BY EDWARD C. STONE. Bonds were more active today on the Washington Stock Exchange and competed with stocks for their full share of attention. Prices held steady. The market opened with two sales of Capital Traction 58 at 993 Potomac Electric Cons, 5s brought 100% on one sale. Washington Gas 5s changed hands at par and a half while Gas 6s came out at 103%. On the stock side Washington Gas Light shares led the market, three sales involving 50 shares going at 65%. the price level prevailing last_week Washington Raflway and Elcctric preferred registered 90, whilo Mer chants' Transfer and Storage pre ferred opened at 1007 and closed at 100%. Natlonal Mortgage and Investment preferred, which was so active vester .{day, figured in one transaction agatn today, 40 shares going market closed with one sale in the unlisted department of 11 shares of Chapin-Sacks 8 per cent preferred stock at 99. Merchant Bank to Expand. Peter A. Drury, president of tha Merchants' Bank & Trust Co.. an- nounces that need for more space in which to handle the bank's growing business has caused the directors’ to take over additional room in the Southern Building. in which the insti- tution Is located, at Fifteenth and H Stree The bank will occupy the premises formerly used by the Huske Optical Co. Plans have heen started to maka such changes as banking offices ra quire and the real estate department will move into this part of the buiid- ing at an early date. The move will give the bank 20 feet more frontage (un H street, with about 100 feet in | depth. | The directors of this bank wera to meet late this afternoon and flll a vacancy on the bhoard caused v a recent death Insurance Men to Meet Here. About 200 leading Southern sales men of the New York Life Insurance Co. will hold a two-day convention in this city. beginning Friday. The sessions be at the Mayflower t 813, The wiil In both cases the selling apparently was inspired by fears that the British crisis would delay indefinitely plans for extending interest stabilization credits to these countries Sterling exchange also was depress- ed today, the demand rate easing frac- tionally to $4.84%. So far, bankers reported, no efforts have been made to support the currency with the $300.- 000,000 credits available for that pur- pose. Panic in Bucharest. BUCHAREST. May 5 (®).—A panic on the Bucharest Bourse this morning drove the leu to 300 to the dollar. The government has issued an order prohibiting any Rumanian bank from selling any foreign exchange until the situation is clarified. The Rumanian leu dropped 2 points on the New York exchange market vesterday, from .0037%5 to .0035's. GREAT BASIN, OIL STOCK SALE STOPPED BY COURT Attorney General Ottinger Calls s Most Daring Imposition Upon Investors. Firm's Activi By the Associated Press ALBANY, N. V. Great Basin Oil Co. of Holbrook, Ariz., was enjoined yesterday at the request of Attorney General Albert Ottinger from conducting fur- ther sale of its oil stock in New York State until satisfactory proof can be brought forward as to the financial stability of the firm. Its activities, the attorney general asserted. con- stituted “the most daring imposition upon investors yet brought to his attention.” Allegations contained in the com plaint upon which an injunction was granted by the Supreme Court were that shares of the company's stock were worthless, that practically all had been issued to S. Earl Tavlor, president and principal stockholder, In exchange for leases on alleged oil lands held by him, and that the activities of the companv and the value of its lands had been grossly misrepresented. May 5.—The BUTTER HIGHER. CHICAGO, May 5 ().—Butter— Higher; receipts, 8,034 tubs: creamery extras, 384 standards, 381; extra firsts, 37%a38; firsts, 3614a37; seconds, 33a35%. Eggs—Lower; receipts, 26,960 cases; firsts, 27%a28%: ordinary firsts, 2614; storage packed extras, 30%zstor- age firsts, 293 FLOUR. IS REDUCED. Special Dispatch to The Star. BALTIMORE, May 5.—A reduction of 10 cents per barrel on the Western grades of Spring patent. Spring straight. hard Winter patent. and hard Winter straight flour was an- nounced at the flour market this ‘morning. N. & W. ISSUE 0. K.JD. The Norfolk and Western Railway has been authorized by the Interstate Commerce Commission to fissue $6.- 000,000 of divisional first lien and gen- eral mortgage 4 per cent gold bonds, to be sold at not less than 90 per cent of par. The proceeds will be used to reimburse the road’'s treasury for cap- ital expenditures. DRY GOODS UNCHANGED. Special Dispatch to The Star. NEW YORK, May 6.—Cotton goods markets were quiet today with prices again unchanged. Print cloth quota- tions stood at 7% cents for 64x60s and 8% cents for 68x72s. Raw silks 'were steady in a moderately active market. BIG OIL DEAL UNDER WAY. BUFFALO, N. Y, May 5 (#.— 5 Negotiations are under way looking to the pyrchase of the Southwestern Petroleum Co., with headquarters here, by an unnamed producing com- pany, it was stated here today by J. B. Richards of the law firm of Brown, Ely & Richards, counsel for the Southwestern company. He said an announcement might be made later in the week. Officlals of the South- western Company refused to comment. ety FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Bid, Asked. Yield. - 1094 0 = 25! b 4.3 353555335535 22223233232 BRSPS Hotel. Earl D. Krewson, direclor of tha Washington agency. has heen in charge of the arrangements. Iie ex pects that Darwin P. Kingsley, prest dent of the company, will be among those present Local insurance men connected with all companies report a_splendid de mand for insurance and the reporis. at this meeting are sure to prove interesting. Essays Given to Judges. Twenty-one essays written by tha. employes of banks in this city in con- nection with the annual contest have been turned over to the judges for awards. The judges are George O. Walson, president of the Liberty Na. tional Bank; C. H. Pope. vice president of the Munsey Trust Co.. and Maurics Otterbach, president of the Bank of Anacostia. The number of contestants this vear | proves to be exactly me As last |year. when 21 esa: submitted. They are on the subj uggestions for Improvements in Any Department of a Bank or Trust Company.” Tha winners will be announced early in June as those getting the first thres Places in the list are to have free trips to the Oistrict bankers' convention at Hot Springs. Va. R. Jesse Chaney has calied a meet._ ing of ihe board of governors of the institute for tomorrow evening when all business incident to ths end of the vear will be finished. Forty etu- dents took the final examinations in standard banking last evening. Tt i3 now known that the graduating class will be the largest in the history of the local chapter, and the governors are naturally greatly pleased over the re- sults of the year's work. New Bond Issues Offered The ¥. H. Smith Co. is offering a new issue of $400,000 first mortgags 63, per cent coupon gold bonds of the Crestshire Apartments. Antown, Philadelphia, Pa. S. W. Straus & Co. are offering an issue of $425.000 first mortgaga 2 to 15 yvear serlals coupon gold bonds se. cured by the land and five-story Coun- try Club Manor apartment house, Los' . announce that Agricultural Mortgage Bank. republic of Celombia, guaranteed 20-vear 7 per cent sinking fund gold bonds. issue of 1926, offered by them has all been sold and the sube scription books closed Lanston Meeting Tomorrow. The annual meeting of the Tanston Monotype Co. will take place tomore row in Alexandria, when an unu:unlalg good report for the vear is expected to be presented. Karl W. Corby, whe was recently elected to the board of directors to fill the vacancy caused by the death of his father, Charles T Corby. will attend the meeting. J. Thilman Hendrick, is chairman of the board. and George W. White, presi- dent of the National Metropolitan Bank. is one of the local directors, The stock of the company recentl¥ has been unusually active on the Washington Exchange Other Financial Notes. Harry V. Haynes, president of tha Farmers & Mechanics National Bank of Georgetown, and Judge Robert B. Mattingly, will address the members of the Association of Retail Credit Men of Washington at a dinner at the Raleigh on May 11. Hart Schaffner & Marx have de. clared the regular quarterly dividend of $1.50, payable ay 29. Three months ago an extra of $2 was de- clared in addition to the regular dise ment. "“-Fr‘.l Baitimore and Ohio reports that net operating income for first three months of 1926 was at the rato of approximatelv a share on common stock. Every month since May, a year ago, has resulted in gains in net operating income, when come pared with the same month in the us year. ’ra‘l‘l‘:rles) M. Schwab, chalrman of Bethlehem Steel Co., says “sound buss iness conditions are sure to con\mu’ at least until July 1: in this countr: which has one-sixth of the world's population and most of its mm\nz there could be but little depression. According to the National Coal As. sociation the total quantity of bitumie nous coal mined during the weslt ended May 1 varied but little from. that of the preceding week. The estimated production for last week given as 9,130,000 net tons, a decrease of about 120,000 tons from the weeid led April 24. e"";l‘t:e n?om.hly meeting of the board of directors of the Washington Loan & Trust Co.. due today, was postponed until next Wednesday out of respect to the late Frank P. Reeside, a mem- ber of the board, and because of the absence of John B. Larner, who is attending the bankers' convention at Pinehurst, N. C. The population of Hawaii has ins creased 63.4 per cent during the laay 15 years.