Evening Star Newspaper, May 7, 1926, Page 30

1926 FINANCIAL. » FINANCIATL, THE EVENING STAR. WASHINGTON, D. €., FRIDAY, MAY 7 NEW YORK STOCK EXCHANGE | 'BOND LIST STEADY: | [oxmev o BONDS Received by Private Wire Direct to The Star Office Received by Private Wire Direct to The Star Office. i | | GroWstn Su (8). 931 935 93 93 | | 3 STOCK PRICES DROP INFINAL TRADING .......,. Ahumada (t1) Afr Reductn(i5) Ajax Rubber Allled Chem (4) Atlled Cm pf (7) A8 Chaim (6) Amerada (40c) Am Agricl Chm Am Agil Chopt | Am Bank 180 Am Rosch Am Rrake s | Am Br pov ¢ Am Br Bo pf (7) Am Can () Am Car®Fy Am Chain 2 A Droe = Am & For Pow A\ & Fo P ooroT) was VST sewD (\VENTIONPLANS * IRE PROGRESSING .Bankers Sending in Applica- tions for Reservations Rapidly Now. BY EDWARD C. § Splendid progress on arranging plans for the annual conventlon of 17 lllih(rlrv Banker Association at 1i Springe, Va. was reported when a' the committees appointed by the ger STOCK EXCHANGE Salex. High. Low. Close. | 46 108 1073 107% 33 107% 1074 107% 964 96% . 1054 105% 974 97% 102% 1061 99°n UNITED STATES. (Sales are in $1.000 1 Sales High. Low Close 19100 27 100 24 100 7 11005 1005 1005 13 10221 10220 10221 149 100 29 100 27 100 29 . i67 1019 1018 1019 106 1036 1034 1036 .. 65101121013 1018 2 108 14 108 10 108 10 FOREIGN. Sales. Hizh 6 BEW 15 98% 11 98 9 99 20 98 19 101 974 100% 95 100" 814 924 91 108 106" 100 86 94 not 1015 1044 102% 10! 10178 108% 10584 B 10249 91% ay 10144 97'% 6 101% 101% 110% 10706 102 1045 Moisture in Kansas and Nebraska Relieves Worst of the Drought Conditions. lusrub7ys..... |USStes1sfss. . | Utah Pow & Lt & Va-Car Chem 7s. | Vertientes Sug Ts.. West Elee 5s. Westinghouse 78 Wilson & ("0 1st 6s. Youngstn S& T 6s. 15 | RAILROAD. Atchison ad! 4 19874 Atchison gen 4s... 33 Atlantic CLel 4s.. | Atlantic C L 1st 4s. Atlantic C L 7s. . At1& Dan 2 45 48. |B&O0Gola 4s R&OCV4% Low, Close. | 50 50 s 8% e 1 9 % 1120 113% 1201, 120% Hizh 50 R4 Oven . 50 81 1nz 15 1200 810 254 17% 587 42 195 18 Lib Lib Lib Lib 3igm. 2d 45 18t 415 24 4% 8 Lib3d 4% Lib 4th 4lgs g USays tireen Canan. 10 10 10 10 Hartman (2%).. 27 27 27 o7 fiayes Wheel (3) 31 31 34 | Howe Sound (2). 30 30 Hudson Mot (4). Gy Hupp Mot (1) 21 . 1iinote Cen (7). 117 Indep Ol (1).... 24% Indian Refining.. 10% |Inspiration (2).. 23 | Interurh Rap T:. 4215 | Intcontl Rub(1). 14% , Internat Aeri 16% | Int Bus Ma (3).. 4 {1nt Com Ene (). 46% | Int Harveser (8) 116! IntMtchpf(3.20). 59 | Int Mer Mar pf.. 345, Int Nickel (2)... 3a% Int Paper D46 Intl Paper pf (7). 89 Int Ry CA pi5). 644 1int Shoe (6)..... 140 iInt Tel & Tei (6). 122 lewel Tea....... B1% Jordon Mot (3).. 34 Kan City South.. 40% <ellv-Spring.. . 14 | Kelly-Spring pr. 56 Kelsey Whi (f).. 98 | Kennecott (4) 634 Keystore T & R 5 Kresge SS(1.20). 46% Lambert Co. ... Lehigh Val(31%;). Leh&Fink otf(3) (145 & My B (14) 1.ima Loco (4).. Loews Inc (2) Loft. - [1.onz Bell A (4). Lortllard(3) ... Toutsfana O11 Louls & Nsh (8). Melntyre P (1), Mack Trucks (8) Macy HR & Co.. Magma Cop (2) Interest Centers on Issues Just Below Savings Bank Legal Class. Dealings More Active in Last Hour. After Dull Morn- ing Sessio By ¢ CHICAGO, May in Kansas and Nebraska a parts of the Spring wheat belt gave a sudden early swing downward to wheat prices today. The moisture in Kansus was reported at various places from which yesterday some of the. worst complaints of drought were re ceived. Selling on account of the rains was general. The opening, %z 1o 1% lower, May (mew) 158% to 159 and Jule 1383 to 139, was quickly fol. | eral chairman, W. W. Spatd. held Jowed by a material further setback. |tPecial meeting yesterdav at head Corn and oats sympathized with [GUarters. in Masonic Temple It whent wealknees. . Afier opening ' to|NOW confidently expected that % off. July 74% to 76, corn continued | tendance .will he considerabl to sag, and May delivery walk ST ety eds | below 70 cents a bushel which 18, Oats started at a shade . e cent decline, July 421 i Lo idened i placed an order HEAT. | The committee also stressed May " tnew quirement that cheets pany the applications requests for accom in the easter will he committea in maki ervations The entertainment committee 3 b 68 _ ed by E. J. McQuade. report SRR o Siame 12 J { special entert@inment features SHtE ST eniene 921s 934 | Sentemier | be provided on the first evenin ChHB&QIstrtss. s i ; { convention. At previous me: o e 0 ith d ihere eer Chi Great West 48, 24 1yu:\r\‘t‘x’r:v‘y e ».I e vt {f::: K( :: '[::.: i’i&":fl l;v . | jovment. The program con it M &S 3 KET | der Lanier P. McLachle CMRSTve %32 | CHICAGO LIVE STOCK MARKET | (00, i o e e apeciat CMESIPr4tact 14 1 | CHICAGEC, May 7 (United States De- | ers. ~ The sports committee. ,.,:] & ; Wen3s artment of Agriculture).—Hog: Re- | H. Doing. jr ehe s D ‘:n: (il ceipts, 14,000 head; faitly active, most R { offer additional prizes this vear S Wl e {der to make competition more k Chi & N W ref 5= 10 higher: bulk Ch1& NW7s 2.90a13.40 240 to 350 |and interesting. Chi Ry majority| Members of the women's comm!: CHIRT&P zn ds desirable 200 2 welght, | (€. headed by Mrs. Francis G. Add 5 g son, jr. and Mrs. How Morar ChiRISErfds 13.45 5; good and choice, 180)a0e’ (aiking about a special tennis P oo | pounds down, largely, 13.75a14.10; top | tournament and the usual card Ghi Unton & n 140 pounds, 14.20; bulk packing|parties. Chalrman P. Il Siddons b sows, 12.00al sorted Killing DIES. | reported that the press was accord L 14.00i14.25; heavywelght hogs. 12508 | ing the publicity committea minst Chi& W Inden 4a {13.40; medium, 13.10a13.75; light, 12.70 | generous support. John M. Riordn & WAL {415.00; light Mght, 12.85a14.20; pack-| chairman of the hotel committee, R {H‘g sows. 11.90a12.40 slaughter D8] Gozions to get to work, But Eay CCC&StL e 8a A. e e | e eaniC.co much unlithie kucws {18 - S steers, steady 1o strong; no choice of | ABLYE quired SO | ferings here; bulk rating common and | Colo & Sou 44 .. “ 9 | medium largely 8.25a9.00 market best 1 Cubs R RGN, ... ¢ 96 &l matireq ateers. 8 16: IIghe BEHERIUD: | BEch iga o e trofe ool B laiclio LA ward to 9.75, general she SLOCk. MAT | poron a0 SCErie Fower. praterean uba NR6s6S. ... ket siow: easy; edge off canners and |, croit, e D DAF & & IRE CO4 cutters; bulls. ‘25 o 40 under earlyior Washington Ral Del & Fd cv 55 35 vesterday, practical top on heavy| ARtk s Del & Hud 5148 bolognas vealers, £.30a9.50 180, Fle Den & Rio G cn 4n packers security and Trus D& Ro G imp Ss. . Sheep bl Bl D Rio G West 68 10 ainear he Associated Press s Generous rains i also in /5 98'x 9814 a's 98'n 1010 974 100 a7 100 a1 92 91 108 106 100 85! 934 1034 101% 1044 10274 100% 1017 108%% 10% 102 a1t 98ix 1014 97t 1014 101 110% Argentine 5s. ... Argentine 6x Ju 69 | Argentine 63 Oct 59 i | Argentine 6s A. ... vices for it | Argentine 63 B. today, ' Argentine 75 )1 'ONFE. ) BY GEORGE T. HUGHES. | Special Dispatch (o The Star NEW YORK, May 7 ;\mfllnlnm bonds were NN‘!I(\\ around the best of the year. "Activity, Sove bou | however, was centered inostly nn;::::::;a";:"- 3w 34! ISSUeS JUsL below the savings NaSlor i =X | "rhe incident ihat attracted the most | Bank of Japan éa. . 29 o |Aattention was the sale of one block | gEEMM :-" S |of $300.000. par value, Hudson and Bor i e 140 Manhatian refunding 5s at 97, a point | feI€MTa..... 19 { down from the high for all time. Buy- | BEW&Um Tis. . inz in selected issues of this type [BeI2iim 8s | went on throughout the list |Boliviags. ... In the rallway zroup Frie and Jer | 8ordeanx 6s. . { sey €5 made a new top at 109. There | Rrazil7s | were good-sized transactions in beth. Brazil8s. .. | lehem Steel b1ps and 65, In St 1OulS. [ canada 52 1931. ... fron Mountain and Southern RIer| ranada 5u 1952, . and Guif 43 and Baltimore and Ohio. | canaan 6155 1929, - West Virginia 4s, one of the high- | Ghyje7s 1043 5 est_grade public utilities, and Kings | Gpyie e 1926 County Lixht Power purchase | apne g% 1038 money 65 cuplicated thelr previous ) chije g 1946 L " . honds |Christianta gs o ates Government honds | : {held around the close of the day be [f.:’,'f:,‘}.".‘,,";‘,{",",’" fore. “Treasury 335, however, sold al-{ oy T most up to their best since 1.~.~m-dv,,,“"h'o_“”l; Demand continued sirong for United | o001 ¢ #5000 48 |States Steel sinking fund o, and they ZZ00 LT 100y - I:l\\(‘ll‘ one of the most active in the g ) o £ 145 g coup, In higher vielding issues 128 Jihere were several interesting move 2854 | menis. Barnsdall Corporation 6s sold 112 {#t par. Howe & Co. $'y% advanced o poini Crown Cork & al 6, at 9. V| were at the high since the favorable A% fannual report came out ‘I'he local 69 |tractions were irregular. B ulv\u\l 51% {and Seventh Avenue is were down a £4% { point, and Third Avenue adjustments 18 sold lower Hudson & Manhattan in 91 come bhonds improved in svmpathy 113 lwith the advance with the refunding 1% Brooklyn Manhattan ‘Transit 65 were steady on investment buying in the foreign list, South American obligatfons w in favor Zil bonds were particularly strong. th duplicating thelr previous high & 104 The new Uruguay 6s sold at a small premium over the opening price. Of the European issues, Hun garian Municipal 7138 were up quite sharply, and there was a fractional jadvance in Anton Jurgen 6= French |and Belgian bonds were without sig {nificant change most of the day Among the new offerings were $6 000 General Public Utllities P. WEN BY STUART Apactal D NEW Aown sharply Exchans: eriod of unce ading was dull for hours, but toward the end it mare active. Professionals AiHine & e: fng the market were working on the Am Hide & L pf. ido of declin o make | Am ol d. considarable ' e (+10) more speculative issies ternat! i'he ma Linceed 1 Loco (%) etals (43 Radiator (4) Safety 7 (1) S & Tt Ty uff (12) S Rdvs o1y Ve Suear (3) Am Tel & Ca (5). 29 Am Tel & Tol(n) 145% Am Tohaeco (). 116 Ari Tohac B (%)) 115% i 60 1100 Cvp Fdrei Sy 102 m Wa Wo 5004 WW st (T 1024 1 Woolen 208, Am Waol nf (7). 70 941, 447n Ateh to The YORK. May © Prices o e hour on ih lowing 8) 9 Stock 115% vl bank &0t imp 68 B & O PLEWYV 4s B&O Sw Div 65 cfs. R&O Toledo ds. ... Pklyn Maghat 63 Buff R & Pitt 41, Can Nat 415554 Canad North 7 Canad Pac dah 4s. . Car Clinch & O fis Car Clinch & O 63 CentofGa5is... Central Pacific 4% i Cent Pac 1st 51 90. | Ches &0 cv4tys 9 ; i Ches& O gnalis... 16 g W Chi& Alton 38 6 | 108 91t 101% 80 as dominat impression up went ¢ iriation committee Hoskinson alrr reservations that the for anothe: e 1.a% is the 300 9h% o 504 110 110 47 47, 1168 1167y 138 138 405 405 67y 681y 11 11 29 39 145 " 116 118 1ns 15 110% 1104 12212 49 a0 102% 103 214 224 9 20 ity i to pate re con i has b afier iabor watch not Ameri hold up for tures For months their lterature have bullishiy aly there has wher times the 1o 43 180 138 41 Rty 11, the tde must ne are work ¢ urtie i ner th [ 10dat the time be head Ar esponse iking times | July ¥ 8% | 48 49% 104y 87| . ‘ the oils were somewh aspacialiy Standar which was going creaged dividends American I3 Ma but the tha oil group much behind a poin Texas Land Tr tion. with a jump « points. This sic heen a mivsters few knowing worth. But that eventually i of stocks lika the o which would seil . kaaping outside buvers s of the high price dividends, and the up by a capital sp. Panhandle Produce shigh above 17 Realizing fell in Mack Trac sharee as a Rroup within a remarkah stocks like General son varving litile, Ruhber was o e can Woolen made & ne 22. on account of the u conditfons in the New tila Industry American N n 46 3830 1415 123% i oen Gene! ete and i Daulsh Munlc 8s A ! Danmark 6s...... |DEI5'%s Mch 53 | Duteh East 168 47 | Duteh Eaat 165 62 | 1 Salvador 8548 .. | Finland 7s Framerican 7%s French 7s..... French7%%s French 8s. . German E1 D 6;s {German 7a. - {Ger Agr Bank 7s. .. r Gen Elec Ts. Greek 7 i Halt1 s Pan veve higher, and vances in Sl ‘etes get was and = 15 @ o 115 93 38 & Anaconda (%) .. | ArmourDel nf(7) { Armour I A (2y t chosen | grmour 111 (B) eally # \ve Metal (1) As<0 Oil (2) Atehison (7) ndicate. AfTBirm & At thousands. { Atlantic C T, 014 1 because [ At Guit & W1 Atlantic Refin= reated a sensa o than 70 vears has us pound butchers, wove atn 1578 T4 to pound Man El gtd (d5). e VMarland O (4) Martin-Parry(2) Mathleson (4) May Dept St (5). a8 Wiam! Cop (1) 116% Mid-Continent. . R antio N - At1ddte States { Austin-Nichols. 15% el i Auto Knitter.... 1 e s . Mo K & T pf (8). 1041 | Missourt Pactfic Missour! Tac pf. Montana Pow(§) Montgom Ward. Moon Mot (3)... Mothr Lode(75¢ Mo Pleture(1%) . Motor Met (3.60) . Motor Whi (2) | Murray Body... | Nash Motors whe way 5oy 1% 71 13 11% 32 1% 2 37 895 s 5% 6y 26% 6la o1, 398, 253 " fdea is the class of course. the will be bt 1 Carib 8 13 115 13 11% 81 % 364 small of 1= & ess wahe everyihing Holland Amer 818, 2 9 o { Hungary 614 - irmy k) ! tade n new ] eve Tarr Bhie mnblor (BaltmIO T (0 o e | Tarnadati o (2) 1155 | Rarnet Leather .\‘Lne-;' ]:IVIAKRMV | Relainz Bros Amer ";, Rethlah satistactory | Beth St pe (8) e o | Booth Fisherte fca was|Botany A (4) Prices My (1 ocal Securities Strong Securities on tha Washington i Tapanese 4s Stoek Japanese 61 n Terzens U7 M 6 | Lyon 88 2 {Marsetlle 6. ...... i Mexico 45 10 asntd Mexico £« assentad Montevidio 7x Motors and United & 40 24 higher ectri ow 1157 665 to hares at changed hands at 30% o 2613 Receipts, 12.000 head; fat " 4 imbs generally steady 1o SIrong: sev 2 Bl2s, | o cent strong while American Smelting came down. This was the way stocks went through the list The market continued dull fn the ate afternoon. with prices generally awer. There were declines of a half- peint 1o a point or nore in the w tor shares. Jordan Motor was off Rritish Emp 2d. . Fk'n Edison (8), PXIn-Mn Tr (4) .. Bk-Man T nf (). Rkin UnG(t11). Rrown Shoe (2).. Brunsw!ck Ralk Rrunswick Ter o, > | 138 ‘ | 643 1 83 3 81t 27 Nat Acme (sta) Nat Biscult (4) | Nat Biscu pf (7) Nat Cash Rez(3) Nat Cloak & Suft Nat Dairy (3)... Nat Dpt Stores Nat Disttllers ° Riiy 131 o | : o vield 6.56 per STREET CON.TRACTS LET. Ninth and Dix | , T Albamarle, Twenty- Will Be Improved Netherlands 6% d 6% Norway i Norway s 1943 Norway fis 1944 651052 Orlent Dev deb 63 Poris-Ly-Med 6« Paris-Ly Med T8 rle 18t cons 4s fa ren 4s rie conv 49 A lrte conv 4s B o & Ta o6 VB C L cey B eral doubles of clipped lambs averag ing under 90 pounds, 14.25a14.50: one joan of handyweight 16 small killers hree doubles of good Califor with 103 out at 16.25 ne wool lambs sold supply of fat sheep slow k fo uneveniy lower springers no sma nia {the trading. Celumbfa Title T Co. again sold 9. while of Merchants' Transfer anc preferred went at par There was a turn shares of Lanston Monotype a the same prices which prevailed s terday as well as just previons t SOri sha points. Selling 1 858, Rurns Bro (10) Burns Br B (2).. work on the short ahisa Bur Add Ma (3). side because of the absence of ef-| e ARS8 (5 fective buying power. Selling kept | ph=h Lo Je on in U. 8., Rubber and in the laxi | Bu3% Ter a8 [1) hour It was off 2 points or more { Butte@Super(2) . BT g ‘ | Eutterick. . CLOSING 1S HEAVY. e ot { Calif Packing(8) 128 Vate! gt pazrot 21 52 Calumt&A(t413) <am Pactfie (10) | Case Thresh her lannual meeting. ‘Mergenthaler Lir |type showed a drop from last Ugh of 110, a 10.share lot changing hands at 106 ding in the hond d vision opened with the sale of Wasr ington Railwav and Electric genera and refunding 6< at 103 1 other sales were in Washinaton ¢ 5. which opéned at 4 103%, and to 1021 on two sales invelv each at Distillers pe at Fnamei & S Nat Enam pf (7) Nut Pw&Lt(40c) Sionces, Nat Ry Mex zd o 4 1.. P. Haw was given the co act ada Cop ( 1 1244 | for the work on Albemarle sireet be NY Atr Brak 40 |tween Murdock Miil road and Wiscon NY Central (1) 1215 1sin avenue, and on ‘Twentv-ninth I NYCSUL of (61 991, | stieet from Woodley road to Calvert Y & Harl (5) 180 | street. The contract for grading Dix | NY NH & Hart 2474 | street’ northeast from Forty-tourth NY On & West 2115 (1o Fortyv-ninth street was awarded to NY Rys part efs 1415 | Latimer & Maloney NY Rysctfssta 295 North A (B3.40) 47 North Pac (5)... 59% har shares met with little resistance. | cerre De P (4) 3 N 2L e L 4| Following a slump in (General Mo | Cartain-Teed 4 e, o ) tars. du Pont broke more than & | Chand-Cieve 3 b R i points and lomses of » 3 points | Chand-Cle pfi4). [RE g0t SHIE Loy were recorded by Mack Trucks, Moon | Ches & Oh (112) 121 (PacONl @)...... B3 a5 Motors. 1Tnited States Rubber, Ameri- |(h) & Alton % | Packard Mot (2 34 can Smelting, Sloss Sheffield Steel. |hi Gr West pt d0/ 5| ERiEs MOLC]BG) 15% Taral sales approximated 700,000 {Chi MIT& StP. .. 1 Pan-Am B (6). 23 shares § | Cht M1l & SiP p? ik i S TIAVATE (1) a8t {0 Mil & St Petf. 101> | Panhandle 163, EMUASLP peets. 1714 | Panhandle p 9 CRIES AR 70 |Park & Tiiford o1 IS No LT 126 | Pathe Ex (e3) ©“ LI BTk Penasy R (3) Ll e T, Penn-Seab Stea 18 CRI&EPDI(6). Pere Mara (18)... 51 {Chile Cop (213) SR z Chiids (£2 40 anoa | Christie B (1.20) Bl Y | Chryster Corp2) | Chrysier pfA (%) Coca Cola (7).... 1 1 & lron . Colo Sou 15t (1) Col Gos & E! (5) {Co! G& E D (1) i Col Carbon (4).. | Com Cred (2). ... Comn Cred 1st 6'3 {Com Crpf B (2). Com In "'t pf 6% Com Solv A (4) Com SolvB..... Congoleum-N. .. el | Congress Clgar... (21" | Consol Ciear . Hudson Co., | Galed, Dyiatribut. , Will have 10 cyngol Gas (5).. recommendation 1o mahe 1o stock-|Gono0) walie. . hoiders at the annual meeting mv\\‘c 5 6) ont Can (¥ Tuesday concerning segregation of fus | SOM 11l (6) &nthracite mining propertles. The | SO0 N (g0c). settlement of the anthracite suspension | Cors Broa (2). .+ in February had given rise 1o hope | aoiv ine (4) that stockholders shoruly would re- [ 2% ne pe (7). celva xome direct interesi tn the coal [ IVE¢one Sugar properties. A | Cuba Cane Su pf. 4 471 Returning from his annuai tour of |SUbACE (0 e 10 the Chicago. Rock Isiand & Pacific, | HPalom pr(7). 103 Charles Hayden, chairman of the | CUPRRpin' "0 iy board, sald he had never seen the oo pom pf 19% phvsical condition of the system as|CHady pkg (1). B4 good as it was vesterday. The policy | cUCSe pr (4).. 44w of steadily laying new rails and in creasing the amount of baliast has be- | Davison Chem. zun to show excellent resulis. ~While | Del & Hud (9. it is always dangerous fo prophesy,” | Del L & Wn (17). he added, “estimates of the operating | D RG Wst 1_3! - staff indicate earnings for 1926 of Devoe&fla(,‘\n s ebout $5.60 a share, compared with |Dodge BrosCiA. :” $4.64 a share in 19257 j Dodge Uf(-).' I‘A The Winter wheat crop was by far | Dome Mines (2) e the beat it has ever been at this time | Dupont (10. e of the vear, he asserted Dugquesne pf (7) % (187... 109% Pure Ol Co. will show largest net |Eaton Axle oo 150 earnings in its history. After paying | EUSSNON 47y oreferred and common dividends and | (500 Y (4615 Adding about §8,000.000 to reserves, o Sl Boat The company carried $6,370.000 to s~ | BN Sl v . plus e p& L pfTy Elec Refrig (2) Kaquitable pf (7) |ErieRR. .. | Erie 18U pf. .. Erle2d pf.... Bureka sa¢ (4. Fatrbanks (3)... Famous P1 (8) Famous pf (8).. 120 0) Trunk sf dh s and Trink 7a. t North 5s North £« rth zen Ts Havana ERL&P 50 Hocking Val 4158 Flnd & Man ref 6a. Hud & Man af 58 1 Cen 1 C 11 Central 516s N1.C.C SILENO nt Rap Tran S« ™t Ran Tr 5a <1pd ™t Ran Tran fe_.. nt Ran Tran s It &G Nor tet fs.. In & (G Nor 2 8a.. Kan City Ft S da. . | Raneas Clty S 2a Kansaa Clty S fu . Kan Clty Term 4a.. Take Shore 4 28 Ta |1 Valen s 1% N 41522002 Toije& NGsR Lots & Nash 7s Man Ry Jst 90 | Man Ry 24 45 2013 | Markar St Ts 40 .. MIEIRV &L Ss .. M& St 1strf s A St P & SSMen 4 MK & T 1at 4s Contracts for grading thiee streets by but traders Paris Orieans Ts was not heavy wera inclined to GRAIN AND PRODUCE. IMORE, May 7 white, 100 pounds, 165 10 were awarded the Commis , a | | (Spec 30a bar 4.50811.00 2.00a4.50. beans cabbage. hamper, 9.00a10.00. sweet 0a7.00; yams, bar rrots. bushel, 2.25a crate, 50a4.00; cucum 50a4.00: eggplants kale. bushel, 50a75 a3.00; onlons, 100 Spring onfons, 10 hamper, 2.00a3.25; 3.50a7.00: spinach, | bushel, 50a1.10, radishes, basket. 1.00a 50: rhubarh. 100, 4.00a5.00; squash, sket. 1.50a2.00 Apples—Barrel, 2.30a5.00; bushei a1.35: srapefruit. box, 4.50a6.23; oranges. box. 4.50a6.25: strawberries. 17a2215: pinenpples. crate, 3.75a P new Ne Atoes, potatoes asparagus, dozen, bushel. 3 00a5.00 1.00a1.35; beets. 100 | potatoes. barrel a6.00 celery, . | Queensiand e | Riode Jan s 1048 RiodsJan 8s 47 Sao Pailo City 8 i Sao Paulo 85 1936 | sa0 Paulo 1950 Saxon (P W) 7a. Setne7s42. ... | Serhs Crot Sio 8 ! Sotseons 6s | Sweden 5148 ct [Swaden s, .. . Swiss 516s 1946 Taln Klec Power 78 Utd Kingm 5148 Utd Kingm 5145 3 MISCELLANEOUS Afax Rubler 8s 3 103% 10 m Apri Chem Tlas 11 104 m Chatn 63 2 1010 m Repub deb 63 (&R Relling Beacomes General in 584 156% 1 355 21t 1 200 4 Advertising Grips Attention At a meeting of the advisn cil of the Misiriet Rankers' tion vesterday it voted a special meeting of the tion on May on F street or NFEW YORK May 7 The closing was heavy. Selling hecame more general in the late trading preseure against tha motor and rub | FEDERAL LAND BANK BONDS. (Quoted br Alex Maturity 4158 Nov i $lae May Be' May 5a Nov May Jan 9 6 00 basket 2.50a3.50; peas, crate lettuce, was pounds. 1.50a tomatoes 102 of 104% 104 0% 178 101 anarie { Cantury Rib M Brown & Sons. Closing ) Asked. Yield Tot 1ol 1031 103 101 1 to ac the advertising report deals with paign the assaciat to show the public service the banks render and firni facts on the methods of operation and the costs of Banker the new 1 24 the genera 6 10 a1 1 i 31 is carryi B more elearly the such servic Convention president « and Trust « president of Bank: I vice tional presenta As Sp! Home From John R. Larner Washingion Loan George O. Walson, Liberty National Evans, jr. executive of the District N | Mountjoy, local { American Bankers | returned from the of various commit 2 hurst, N. ¢ new, | profitable session that was expecied 1o he taken i was disposed of with the excep- tion of the matter of installment ing. The committee studyi mportant subject had not completad its investigation far enough to pre sent complete findings. It is pra} Al some statement on 1 subject will be made hefore the se eral convention convenes next Il Many New York bankers and se eral from Chicago stopped off in Washington today to visit the Na tional Capital. The Pinehurst meefing ended late yesterday 10075 1 101 985 Prices at Noon. 2 red Winter. domestic. 0. 2 red Winter, gar A 4 1 A g i (A Selling H No tions ' 1 Markets at a Glance N5 i o 22 47y 112% 86 32% 48 ' EIE a9 i AmT&Teltrds L s prices. the Para, Brazil, consuiate dis-| Am i & 1+ o £ 58 | irict exported o the United Siaies!|yriy g T dentsiss ast vear merchandise double in value | Am \water Wk 38 hat of 1924, the total being, SI8.85S.. | A10 \Writine Pap 6% it (MLASLLSR I Apsonanang No new, 7% per bber shipments increased in volume | Anaconda ev db Sl paiep RS Ll [0 2. mew. 7€ per by 14.1 per cent. their value as compared| ypdes Cop 7 rets AMR&TprinssA. - . Sl | With the previous vear rose 178 per! Armour&Co 4145 rt o e eamaes 11 e Armour Dei 5138 o Pac 5s 1965 13 Assoclated Oll 33 VoPacgsaaD.... 2 VMo Pac 6s ) E Mont Trm ref 55 41. R ot | Bell Tel Pa 58 C. 1 i 8 S108:3 | Beth Stesl pm 58 NOTex& M inss.. May 15! geth Steel rf5s. ... NOTex&M53B.. 18 YAy 15| peth Steel 5248 53. . NOT& M5k &3 Mas [ Bethlehem Steel 63 N ¥ Cen gen 31 Mav 1\ priyn Fd 65 B N Y Cent 4298 June Eb R yn U 51 N ¥ Cent deb 4s. Bklyn Union 5%s. . J | Bush T Bldg 53 60. §\'!‘emr'fi- 2 {Cen Leath 6= 45 cfs \_Vvfiemflph?- Col Gas & El 55 sta \\‘l‘&'.\'!,li‘A- ne. pe : Con Coal Md 15t 5. NYChI&SIL1aA . 3 nothy. 3.30a24.00; No. 3 timothy. ConGas N Y 6%s.. NVChI&StL 51 B 11 103 |21 No. 1 light clover, mixed, Cuba Canecv 7s... NYC&StL6sA.. 3 | No. 2 light clover. mixed. { jCuba Cane cv 8s New Havdeb4s56. 2 No. 1 clover, mixed, 23.00 | Suban Am Sug 8s. . w Haven e d 6. 37 : 5 lOver. 18 Q0G0 |t he GhsEns. - NY Ont W istd4s.. 24 72 b ‘0. 1 wheat. 13.00a14.00 Der Yidtson S8 40 .. NY Rys 68 65 8 z 00214.50, | Det 1dison ref 6s.. \: L;flnc"x ::s = 2 2 s Dodse b s i Nor & S gen S 64, 1| WARD BAKING DIVIDEND. | Duquesne Light 65. Nofinecnnicqr o te | NEW YORK. May 7 (). —Directors Cuba Sug 7%S. P s Sl of the Ward Baking Corporation to- B CreG & F 143, i day declared an initial quarterly div- Fla R Nortitsimpac i il idend of §2 a share on the class A N QfemCalic et re \ck and_the_regularly quarterly iR b b Pavment of $1.76 on the preferred C;'::r‘i);\ae;'ss‘;;gu . i Both are payabie July 1 to stockhold Iiinots Bell 1st 58. CannaYl gL AY: ars of record June 15. [ Tiinots Stel 432+ e e 1oz i Int Mer Mar 3 Pennsyl 6%m. ... i | Int Taper 85 47 Poneay! Fold 1s. . 11| GERMAN BONDS AND STOCKS. Pere Marq 18t &s. . PCC & StL 58 B 5. Port RL&P 5542, Por RL &P 6s47 Reading gen 4% Reading J C 4s 51.. Rio G Westcl 4s RIATK& L 4%, StLIM&S4829.... . 5 St L IM&S REG 4s. 2! StL&SF Dl 4s A StL&SF prinG StL&SF5%sD.. 1% Si L& S Fadj6a... |StL&SFinc6 4Gt L&SFPI6aC.. St L S Wcon 4832, 'l S0 & KCShL 4% % | St P Un Dep 55.. 98% | gan A & Arn P 4n. 108% | Gaaboard A L 45 sta 1104 | geap A Ladi bs. ... 104% | Goa A Lcon8s. ... 106 | Sgaby All Fla 65. 95% | o, Pac 4939, 100 | 5ou pacific clt 4s 106 | gou Pacific ref 48 * 1027 | G0\ thern Ry gen 48 107% | g Ry con 58 9 © 99% | gou Ry 6856. ... .. 1014 | Southern R¥ 835e. - 2 e Madrid, A 5 Budavest. crown Prague. crown RUBBER BOOSTS EXPORTS. 1 gelv hecause of higher the NEW 3 of nearby at wharf s mavera new lows YORK (P). Stocks heavy: motor and rubber sHares at Bonds irregular: foreign femues firm Foreign exchanges steady sterling and frane improve. Cotton lower: improved weather out look. Nugar firmer. higher spot market. Coffea higher. European huying CHICAGO - Wheat lower: heneficial Corn easy. bearish Argentine Catile steady; choice grades Hogs active and higher. WALL STREET BRIEFS NEW YVORK. May ) straet hears that the board of agers of the Delaware & contrary to expectations. _\..; ‘l. = s8n 44" spot. per bar. domestic. yellow bushel: exports Cob. new vel, as to delivery: Corn as relation ne ces a 905 | ¢ 4 " ce Petro! 3.7 Pitts Coal p? UL pfot) 20 1 IEXLH 3 mixed ¥ asked at No. 3 report AlL ih IR 63 6 13 6343 29 92 26 89 138 140 Cargoes 21 asked Rye— Nearhy, new, $6a% spot, no_quotations Hay— Receipts, 61 tons Better grades of timothy, light clover, mixed {and cholce clover hay have been mov ing out fairly well the past few day iand there o oversupply of good {hay on the market. Medium and low ade hay is in ample supply. Poor v is hard to move at any price Quotations, per ton. today: No. 3 103 103% 103's 97 10015 uite 99 104% 133 981, 1003, husines No. 3 rve DIVIDENDS Period Rate Q rains surplus scarce. Payanle Tune June May May May Juls July July July Tuly May : June June July July June e Am Pr & Lt Do Casein Coi Do. pf Do’ ot Cons Gas Bali Do. &% of A Do 7 vt B Do 615 % p1 ¢ { Do 6% of D Eiting'n Schuld Lac Gas pr ol Lein & Fink No_Pipe Line. iPh H L Do.2q 9816 S WPk 12 1250 a1 mon 51 = 46 Kerosene in raflroad tank cars at New York. Philadelphla and Atlantic coast terminals will be advanced one. half cent a galion tomorrow by Sin. clair Refining Co., making the new price 1074 107 41y 399 T4l Wall 83 o Tin 401 48 91 1714 40' 43 93 68 4 12 &1 5li 46 277 an B o 70 491 Remington Ty neids Spngy Tobac B (4). " Rets & Co. . | Roht Rels 1st pf. | Poval D(a1.33%). tland pf...... St Joseoh L(13). StL & SanFr (7). I StL.&SanF nei6) St Southwest. 1% |Savaze Arms (4) 19% (Schulte (§8)..... 84 |seaboard Afr L. . 44'¢ | Seabd Afr Lipf .. 35 |Seazrave (1.20). 158 | Sears-Rn (2%). {Seneca Copper ... Shattuck F G(2) 3 ShellT&Ta%% e 714 | Shell Un (1.40). . fi,‘: Sheil Unpf (8).. 14 |Shubert Theatre. 213 |Simmons(12.26). 1141, | Simms Pet (1)... Sinclalr Ofl. ... 109 skelly O11 (2).... 26 |5loss Sheff (8). . 12 South Port S (6) 92 |'Sou Dalrles A(4) | Sou Dalrles B... 4% !South Pac (). 8% |Southern Ry (7 92 | South Ry pf (5). Spicer Mfg...... 101 | Shicer pf (§) 814 514 Gas& E! (3). 38414 G & Bl pf(4). 35 Std MIll (5)... 47% | S1d O1l Calf (2). 471 |8t OINJT (1) 1187% | Sta O1l NJ pf(7). 1197 | Stewart War (8). 30 | Studebaker (5) .. 73 |Submarine Boat. 170 |Superior Oil.. 31% | Telautogra(60c). 85% | Tenn Copper (1). 16 |TexasCo (3).... 96 !Tex Gult'S (10). 40' | Tex & Pacific. . . 5d% 97% [Tex & PacC& 0. 14y 63% | #Tex Pac Ld Tr. . 810 31 |The Fafr (2.40).. | Third Avenus. .. 2% tnompson(3 60). 6214 | Tide Waier(1%). 1058, | Tide W Oil pf(5) 511 | Timken (14). 314 | Tobac Prod (7).. 113 | Tob Prod A (7). 1298 | Transcont OIl.. . 2.0 | Twin City (3)... 60 | Un Carbide (6).. 693 | Un 01l (2) 0% | Un Pacific (10).. 19\,|un Pacific pf(4) . 18t pt 1 4ot ot Resérve Discounts on Upgrade. Rediscount operations at both Rich mond and all 12 Federal Reserie Banks increased during the weel en ed Maz Rills counted at i Richmond bank were $2.107.000 higher han the previous week. totaling $4° 4,000, For the system as a wh rediscounts increased $33.513.000 The ratio of cash reserves *n r and deposit liabilities at Richmond was 61.71 per cent and was but slightly changed from tha preceding | week when the ratlo was §1.35 per lcent. For the reserve system | whole the ratio stood at am 75.7 per cent. Federal reserve notes lation at the Richmond bank increased $197 000 to $72.641,000. while member hanis deposits agaregated $67.475.000, a ga of $1,625.000 In a week North American May Expanid St. Louis dispatches report that North American Co. is negotiating for control of the Illinols Light ar Power (0. This company owns ele tric light. gas and street car power plants in lilinois, fowa and Kansas The entire common stock of Iliino power and Light is owned by 1llino ‘Traction Co.. of which United Stat Senator W. B. McKinley of Tllinois president. The hook value of the con pany’'s property is $140,000.000 and annual revenue about $28.000.000 Pennsy Workers Buy Stock Employes of the Pennsylvania Faii road during April purchased 6 add tional shares of stock, bringinz their total holdings on May 1 to 92,130 shares. Purchased in previous month of this year were March, Fel \uary. 613, and January. 1.052. making ta total of the first four months 3.254 shares. There were 50 new | scribers during April. bringinz total on May 1 to 19, 7. The averace purchase jast month amounted shares. Southern Dairies. Tne 948,206 for the four months o 1926, a gain of $972,201 over the same 2680 | eripd last year. April sales in (#).—Foreign !m'tased 3 April, exchanges irregular. Quotations (in proximatel per cent. cents): Great Britain. demand, 485:| April sales of Peoples’ D) cables, 485 11-16; 60-day bills on banks, | Were $480,174, a gain of $5.175 ove 481. France, remand, 3.141; cables, | April last vear, and a total of §1817, 3.15. Italy, demand, 4.00%: cables, |70 for the four months of I 401 1-16. increase of $114,807 over the sime Demand: Belgium, 3.0713; Germany, | period of 1925 23.79; Holland, 60. Norway, 21.5 Sweden, 26.73: Denmark, 26.10; Swit- zerland, 19.34%; Spain, 14.39; Greece, 1.23; Poland. 10.00: Czechoslovakia, BAR SILVER PRICE. 296, Jugoslavia, 1.76; Austria, 14.0 Rumania, .31 Argentina, 40,183 NEW YORK, May 7 (Pg-Bar|p 14561 Tokio, 47.00; Shang. %i Mexlcan dollars, 49%, hai, 72.37%; Montreal, 100,14 7-15. [ . 1264 10% 38% 48l 99t Rix 404 a share common on S & 90 874 Fhly = 281 128 4175 % a0 1024 13| 100% | ' a 1 US Hoffman 3% 51% 5 U 8 1nd Aleohol.. 51 U S Realty (4).. Bbl4 U S Rubber 604 U S Rub 18t (8).. 104% U S Steel (7).... 1224 U S Steel pf (7)., 127 (! PEL A (e2). 31 Vanadlum (3) 835 Vick Chemlcal. . v 535 41 52 41 43 5% i 62 2 404 40 36 (Quoted in dollars per million marks Bid. Asked £75.00 99500 g 4138 1919 135.00 14500 ed_in dollars per thousand mar} n Elec 438 pre-war. 2300 lec 4138 1910 e-war %! Int Paper 63. IntT&T5%S-. Kan CP&L 58 A 52. | Kan @ & EI 6552 SRyl Lackawa §5350. .- ¥Ch pf ofs ‘“‘":Sx;éfiigg 5 \"ah?dnfl(.‘oi’&lf ‘““c & Myers 58 Vivau [T P Viva pf new (1) Wabash. . Wabash pf A (5) | Waldort (115). . walworth (1.80) Ward Baking A Ward Baking B. Warner Bros. washburn pf (7) Weber (4)...... West P EIpl(7). West P Po pt(7). West Maryland. . Waest Md 2d pf .. West Pacific. . .. west Pac pf (6). West Union (8). West A B(17%). Westinghse (4). Wheel & L Erie. Wheel & L Epf. White Eagle (2). White Mot (4).. wickwirectfs. .. willys-Overland Willys 0d pf(7). wilson & Co new Wwilson A (new). Wiison pf new.. 45 WoolwthFW(15) 145 Worthn Pump... 23 Worthtn B (6).. 54 Wright Aero (1). 29 Fale&Town(t5). 65 Yel T&C (15¢0) ... 24% Yel Tr&C pt(7). 98 Youngstown (4). 71 Dividend rates as given in ti o annual cash payments based on the quarterly or half yearly declarations. otberwiee noled. exira or special divi: e nal {n stock. SPartly stock. tParily " $Pagable in oraferrad siock. P diock navaBla 1% auarierly. {Plas - in stock pavable 1% % at 24y 10375 10 64w 414 20 1 0%, 3% a3, 17015 117 99% 9314 485 47 20% 997, 99 1097 109 91 ot 2115 204 102 102 54 531 56% 557 70 70 545 Bdk 6% 4dn 118% 118 3% 724 53% 52 2 2y 2% 24 i Ay 1 1% 51 .50% 134 131% 54% 521 140 13% 970 910 29 s 6% 421 823 93 0% 9% 107% an 6875 81 -43 147% ki a 4 | o 9013 | 1 &3 | Hambure Amer { North German Lioxd 413a 9 orth German Lioyd Fupp 65 1831 dort 2 The forthcoming =1¢ 3 1300 150 700 400 900 8400 | 2300 15.80 4800 2250 aa80 3100 140 &30 Lo 72100 pre wa ‘e pre-war 1 4 pre-war Radische Anilin. . AE G (Ger Ge Eleci: . Commerz and Privat Bank Disconto Gellschaft Dresdner Bank Deutsene Bank . Darmtaedter Bank Mercur Bank Vienna Hovden Chemical Alist A E G (Gen Berliner Handels FOREIGN EXCHANGE. by 1. B, Hibba & Co. Nominai Selling checks alue. today RBES §4.85 1 {1723 19z 193 238 | Manatt Sug st %8 e Con 6248 40. Midvale Steel 58. AMontana Pow Mor's & Co 15¢ Aut Tube ll'ls‘:::l N Y Edison b 44 In lina with a pian of aiternating in office, William 11. Willlams, head of “he Misouri Pacific railroad. has been slected chairman of the Denver & Rio 3jrande Western railroad for the en muing vear, succeed Alvin W Krech, chairman of the Western Pa fic. E. N. Brown will_succeed Mr. Willlams as chairman of the execu tive committee. The Denver & Rio | FedLIght(*} Crande, recently reorganized, Is con- | Fed Min pf (7) srolled tly by the Missouri and Fid Phoenix (8) Western Pacific sysiems. Frst NatSc1%). | Fisher Body (8). In Great | gigk Rubber. ... | (Quotations furniched g0ld ¥ $4 1 s POW 5. Pow 65. London. pound Montreal. dollar Paris, franc Brussels. fran: Berlin, mark Rome lira Zurictr. franc Athene. drachima. 50% The sbipouilding industry 1334 Britain has reached the lowest record | gy 15t pfcv(7) of returns since September, 1909, 1he | netgchman(2) - Bankers' Trust Co. of New York is|goundation (8) informed by its British information | yox Film A (4).. rervice nnage now under con- |preeport-Texas. xtruction in Great Rritain and I eland ix 41,943 tona less than a. the close of g"’;‘n‘e‘rsfif,',z:‘_f 1925 At the end of March there|aerOliny 1 T 63u were 218 merchant vessels of 843 070 | G98ATE Te'(5). 106% £ross tons being bullt, compared with |90 G ioare (4).. 50 1.165,468 tons a year ago. Work was émé,m (c8)... 311% snspended last year on 74,000 tons, | Selpiec ap(60c) 11% while this vear such tonnage was|gen Mot (t12)... 132% SIS0, GenOutdr A (4). 624 Gen Petrm (3)... 60% GenRySig(t41). 69% Gimbel Bros..... 50% Glidden (2).. Gold Dust. . Goodrich Ru (4) Goodyear pf (7) Gould Cou ¢2) . 17% Granhy Consol. .. 181 Sy Northpf (h). 2% 126 12 96 414 98 €37 82% 33 000014 14 000147y 0296 1 1000 2615 2184 w0 cxrnescEloRo — e an—— reports sales Warsaw, zloty. .. ¢ Copenhagen. Crow: Oslo, crown .. ... Stockholm. erown NEW YORK, May 104% | |l;u 1017 | Gnion Pac Istrfds. 1 103% | gnion Pac 48 27.... 105 ' ynion Pacevés. ... 105 {yirginia Ry 1st5: 99% | va Ry & P 58. . 1101 | wahash 1st 5s. 108 | wabash 5%s75... 9045 | West Marylana 4s. 96 | western Pacific 5s. 100% | West Shore 1st ds. 90% | Wheel & L E cn 48 134 | Wisconsin Cent 4s. 1024 102% | 1023 1024 | 1054 105% 108'; 108 1054 105 94% & 1a & R el & rvico 6 : 4859 Serv Gas5%s59. »gzew!}n!“"fl'“." 2 on & Steel 3s. 97% 96% 107% 107% 3% 3% 68 687% &1 80% 434 42% 47Y% 14T% 78 18 28% 28% 8% 88ly 143 142 Ytalv has improved her position in the shipbullding industry from third place among the nations of the worl in September, 1925, to first place at the close of that vear. Itajy still held frst place at the end of March “his vear. with Germa next. then France. Holland and the United Sty y 88, 98 0% above VOTE ON HOLIDAY. NEW YORK. May 7 (#).—Member = of the New York Cotton Exchange wi'l vote Monday on a_ proposal «to cloa the exchanze on May 29, preceding Memorial day. th Be Sthwest Bell 5. Tenn Elec Pow 6s.. Toledo Edn 15t 78.. United Drug 8s.... U S Rub 1st rf 58 ‘ 44 [ Utd Alloy (2)... 28% 51t | Utd Clgar S (c2)° 894 10} | United Drug (8). 143 174 | Utd Fruft (112). 107 107 107 I8 USCIPEFI0), 167% 168% 183% U8 Distgibuting. b6lie Saw. 54 514 100 P