Evening Star Newspaper, May 8, 1926, Page 30

30 5 FINANCIAL. TREND DOWNWARD IN STOCK MARKET Trading SmalFMercantiIe Reviews Give the List Lit- tle Stimulus. BY TUART P. Special Dispatch to The Star W YORK. May 8- Trading on| Am Car&Fdy (6) stock exchange today increased | Am Drug.:..... htly lay. but it was fim:l"nr Pow... «till ss did notauite | A1 il LA shrink to the dimension of a Saturday | Am Home Prod. in the Summer. But it | AmIce €t10).. Am Internatl. AmLa Fr (1)... Am Linzeed Am Loco 8) . Am Radiator (4) Am Ship & Com. Am Sm & Ref(7) AmS& R pf (7). Am Snuff (12). .. Am St] Fays'(3). Am Sumatra. ... Af Tel & Tel(9) | Am Tobacco (8). | Am Tobac B (8). Am Wa Wo el.20 Am Writ Pa pf Am Woolen..... Am Wool pf (7). Am Writ Pa ctfs { Anaconda (3). .. ArmourDel pf (7) Armour TI1 A (2) Arnold Con (n). Atchison (7). At Birm & At . e e | Atlantic C L $93¢ part of thet s¢) Guit & WI. . in Hudson. in | {antic Reng. . Following the | 3 points on Friday, | Baldwin L (7). .. a poini | Balto & Ohio(5). after | Barnsdall A (2). < day, | Belding Bros(3). sym. | Betilehem Steel Ato. | Beth StIpf (7)., ile shares | Booth Fisheries. Fotany A (4).... | Briges Mfzs (3).. . | BkIn-Mn Tr (4) WALL STREET BRIEFS | |sx-vanTors). | Brown Shoe (2 ! Brunswick B: teel | Brunswick Ter Burns Bro (10) 3 Amer- | Surns Br B (2).. ind Steel Institute, against |Bush1‘enmna_1 X April last vear and |Bush Terde (7). Marcl Wwhich are | Butte&Super(2). res 10 utterick. 6,564,548 Abr&Stras 7% pf 'vance Rumley Ahumada (11).. Afr Reductn(15) Ajax Rubber. ... Allled Chem (4). Allis Chalm (). Amerada (40c).. Am Agri Ch pf. . Am Agricul Chm Am Bank N 1.60. Am Brake Sh (8) 1 Am Br Bov El(2) Am Br Bo pf (7). | Am Can (2).. WEST. over yeste small. Business Alf holi was not way » more declines than ad- Jers were not taking an aciressive position on the selling de. but they possessed the confi- dence which came with the fealization hat there was not likely to be much opposition efforts to get prices down The market could discover no fresh from the mercantile reviews end. These were not ad v certainly were not stim There were no new aspect itish strike to deal with. ms wks were even the second hour t in inclination to trade - wiy. One or two spe stron In the motor: Rubber and in some o (s prices weakened There w vances. T fnpulse were slight of the poi th the previo ibly off in the ). —i calcu NEW YORK. May 8 | ing April is 41 tons by the Lron FRINS @ s 2 Calif Packing(8) ey < - | Calif Petrol (2).. the same period of 1925. | San Pacific (10). of all companies | Gage Thr pf (7). . in April Was|Cent Leather. ... 1L of operation | Gent Leather nf. is based on the | Century RibM.. v as of Decem- | Cerre De P (4) 000,000 gross tons : Certain-Teed (4) | Chand-Cle pt(4). of | Ches & Oh (112). {Chi & Alton... .. { Chi Great West.. | Chi Gr West pf.. ChiMII & StP... Chi Mi] & StP pt. Mil & St P ctfs. ‘L 1 & Nwn (4) | CM1I&SP pt cfs. {ChiRI& Pac.... {Childs (32.40) ... { Chrysler Corp(3) { Chrysier pfa(8). | Cluett Peab (5). | Coca Cola (7). {Col Fuel & Iro {Col G & E pf | Col Gas & EI (5) | Col Carbon (4).. {Com Solv A (4). | Com Solv B. | Congoleum-N. days which mization committee Birmingham and Atlan- ed that more than 75 per ent of income bonds and first mort- 3 have been deposited un- the plun for the sale of the road he Atlantic Coast Line Railroad e time for additional deposits has vtended to May 31 Chrysler Corporation and sub- idiaries report net profit of $4,112 088 for the first quarter of 1926 ter cha before Federal equa ddivi- 080 no I agains( 27 vepprted by Maxwell Motor ition, the predecessor com or £1.13 a share on the present hasis in the first xes Corpol pany Chrysler share quarter of 1925 Consol Clgar-. .. . | Consol Distribut. " Consol Gas (5).. Conrol Taxtile { Cont Can (16). .. | Cont Mot (80¢)... | Corn Prod (2)... i Coty Inc (4). Profit 1 Distillers’ quarter of after intere Federal taxes brands nd ith § Nation the f s10 Prod uets . ation, of ed fore deprec ion f compared first quarter of 19 amor { Cuba Cane Sugat | Cuba Cane Su pt. €S | Cuba Co (4).. ... {Cuban Am S (2). 7: | Cuban Domin . S| Cudahy Pkg (7). | Davison Chem | Del & Hud (9).. | Detroit 15d (8).... ! Dodge BrosCi A. Dodge pf (D). .- | Dome Mines (2). Duquesne pf (7). astman (18). | Eaton Axle (2) sisenlonr & Bro. CHICAGO LIVE STOCK MARKET CHICAGO, May 8 (United Depariment Azriculture) R nis, head; ‘mostly htor wei; in best demand desirable 180 1t down, latter price y. better weight, 13 3 butchers, 12.90a13.45; packing pstly around 00; ch up to 14, shipper nated holdover. 2.000 head hogs, 12.80a13.30; me. ght, 1 hal4.10: packing sow Va of 0w ) 13. 00 230 1o slaughter pigs. 0 od steers of head and all | Elec Power p | EBlec P& Lpf(D). { lec Refrig (£2) Elec Sto Bat(76) indicott pf (7). 1sauitable pf ( ErfeRR. irie 15t reka \ac | Fairbanks (3) ... | Famous P1(8).. Famous pf (8) . . | FedLight(*1.40) Fed Min pf (7). Fisher Body (5). | Iisk Rubber. ... Fleischman (2) | Foundation (8).. |Fox Film A (4).. | Freeport-Texa: Gen Asphait. | Gen Elec (c8)... | Gen Elec sp(60c) | Gen Gas A(ellg) | Gen Mot (112)... Gen Mot pf (7).. !Gen‘)uldl‘ A 4). {Gen Petrm (3) | GenRySig(14%). ;Glldaen 2) | Gold Dust. . | Goodrich Ru (4). Goodrich pf (7). | Goodyear pf (7). otham pf (7). Gouid Cou (2). Granby Consol Grt North pf (5). Gt Nor Ore (1%) Guantanamo.... Gulf States S (5) artman (2%). . {ayes Wheel (3) Homestake (17). Househd (13%). : | Howe Sound (3). | Hudson Man 24 . ! Hudson Mot (3. ! dupp Mot (1)... |Indep O11 (1).... Ingersoil R (3).. Interurh Rap Tr. Intcontl Rub(1). | Int Bus Ma (3).. {Int Com Eng (2). Int Harveser (6) | IntMteh pf(3.20). | Int Mer Mar pf... Int Nickel (2) Int Paper. . Int Tel & Tel (8). Jordon Mot (8).. Kan City South. . Kelly-Spring.. Kelsey Whi (6. Kennecott (4). .. Keystore T & R. Kresge SS(1.20). Lee Tire & Rub. . Lehigh Val(3%). Leh&Fink ctf(3). Life Sav (1.60).. Liggett & M (14) Lig& My B (14). Lima Loco (4). Loews Ino (3) Loft...... Long Bell A (4) Torillard(8)... Louisiara Oil. seipts, com- choice repr 10 to 15 off; steady: week demand y broad: ex vy steers, 10.40: year choice light v ive. lizght-weight heifers and choice cows and mostly lower: can- and common cow 5 lower: vealers most s bhulk prices follow $.4009.65: fat cows 5 7.2528.85: cu 3 veal s and feeders 00 direct ountry tophe zood heifers 5 ers bnlls and ons compared clipped lambs, Tambs, qral- to strong lower. Week's lambs, 16 California Inmbs BUTTER UNSETTLED. AGO, May 8 (P).—Butter—Un receipts, 84 tubs: cream- andard CHI sattled firsts iates given out by iculture last night y p for 19 onld leave an e \hout 5,000,000 t ‘rably lower than was generall: ed. The quality of the crop is 4id to be good . . £ BALTIMORE PRODUCE. BALTIMORE. May 8 te potatoes, 160 pound: 4.00211.00 024,00 bushel 210,00 sweet ams, ba ts, bushel, 4.00al 3.50; kale, bushel, basket, 1.50a3.00; 3.50a7.00. peas, hamp onions, Bermuda Spring onfons, 100, 1 rate. 4.0087.00; rhubarb, 1.00: radishes. 100, wushel, 60al.i5: mpples, 1.00; bushel. Thal. 002600 the ministry ced the corn 00 tons. This famper harrel 200 108, potatoes. el, omatoes, 100, 3.00a .00; spinach, barrel. 2.25a : grapefruit. hox, Open. High. 107% 10% 8 111% 9% 112% 80 26% 68 16% 41% 19% 116 34% 96 107% 10% 8 11% 9% 113% 80 256% 58 16% a1 19% 116 145 374 874 13 13 5% T6% 6245 6212 136% 1874% 145 18% 21% 61 67 26% 33% 53% 41% 80% 38 663 204 24 90 41% 144% 42% 43% 116% 59 33 884 45% 118% 31t Low. Close. | 107 10% 8 111 94 112% 80 264% 57% 16% 41% 19% 116 34% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 107 10% 8 111 9% 1184 80 255 | bT% 163 41% 19% 116 854 96 43% 93! 17 29% 95 110 124 .| Pullman Co (8). 45 124 627 8 807 189 15 51! 9 1% 10! 3815 43 67 8% 40 4 13 84 157 114 181 | 6% 100% 31% 38% 47 484 1215 123 73 £5 1 401, 96% 37 307 623 314 11% 36 9% 115 63 60 % | wright Aero (1). 27 83% 53% 42, 90 40% 14% 2% 43% 115% 58% 323 | it 464 38% 144 “|Otls Steel. 291 | THE EVENIN Low. Close. 28% 24 122 122 1t 112u| 6% 86% ! 6 69 51% 5% L2y 224 L40% 404 5i% Ed4 13 113 20% 20t | 7w High. 24 122 18 Open. 23% 122 112% 36% 69 51% 22% 404 5% 113 201 l LoulsGasA(1.75) Louls & Nsh (6). ! Mack Trucks (8). Magma Cop (3).. | Man E1 Syp(4%) | Man Bl g1d (d5). Maracaibo Ol | Market St prior :.\hr) 2 O (4). May Dept St «5). M: ag Co (2).. | MetroG pf(1.89). Mexican Seabad . | Miami Cop (1). AMid-Continent. iddle States Mid States Ofl et MoK & T pf (8). \lissour! Pacific. Missour Iac pf. I Montana Pow(5) | Montgom Ward | Moon Mot (3) | Mothr Lode(7 | Mo Pleture(1;) Motor Whi (2)... Murray Body. 28 28 % 24% | 6l | ‘| 5| 3t i Nat Acme (sta). . at Biscuit (4).. ut Cash Reg (3) Dairy (3) Distillers Nat Distillers Nat Lead (8).... at Pw&Ltcdue) NY Afr Brake(2) NY Central (7). 2 122 i NY Chi&StL(11) | NY NH & Hart NY On & West. NY Rys part cfs. ae ¥ pf (1%).. orth A (B3.40). NthAm Ed pf(7). | North Pac (6) | Norwalk (1.69). | Omntbus | Otis Blevator(6). f | 5 | 21 | 14% 2815 | 47 | 934 | 69% § 95 | 14 | & 118% . o jPacofl(®...... 54% | Packard Mot (2). Paige Mot (1.80) . Pan-Am B (6). .. | Pan-AmWnB(2) Panhandle Panhandle pf Pennsy R R (3).. Penn-Seab Steel. Peoples Gas (8) Pere Marq (18) { Pere Mar pf | Phila Co (4)... | | PFillips Pet (3) | | Plerce-Arrow. Pierce Ofl. . 15! €6t | (7) | PILUL pf($1.20) . | Pitts & W Va (8) | Postum (4.40). .. Pressed Steel(n) rod & Refiners Rpf. 5). | Pure O ($2) Radio Corpof A. RSTICefs (4). | Ray Cons Cop(1) | Reid Tee Cm (33! ! Rensselaer& ieplogie Steel. . . | Rep Iron & Steel. iteynolds Spn; Rey Tobac B (4). | Robt Rels & Co. . Royal D(a1.339). St Joseph L(T3). St L Southwest \Schulle §8).. Seaboard Alr L. Seagrave (1.20), Sears-Rn (2%). Seneca Copper Shell Un (1.40) Shubert Theatr: Simmons(12.25). {Simms Pet (1), Stnelatr Ot Skelly Ol (2) Sloss Sheff (6). .. South Port S (§). Sou Dairfes A(4) Sou Dairles B. South Pac (6)... Southern Rv (7). Std Gas & EI (3). 5td G & El pf(4). Std Mill (5)... Std Ol Callf (2). StaOlINJT (1).. Std 01 NJ pf(7). Stewart War (6). udebaker (5). . bmarine Boat. Sun Oil (T1).. 1 Superior O11 Tenn Copper (1). | Texas Co (3).... | Tex Guif S (10). | Tex & Pacific. ... . |Tex & PacC& 0. | Third Avenue. .. { Timken (t4) Tobac Prod (7) | Transcont OIl. . { Twin City (3) 634 40% | | Un Carbide (5).. |Un ol (2) Un Pacific (10) | Un Pacific pf(4). Utd Alloy (2)... | Utd Cigar S (c2) | United Drug (8). U'S CIP&F(10). U S Distributing. | US Ind Alcohol. . | US Realty (4).. 8% 2815 884 148 162% 511 50 54% 66% 38 4814 121% 30 32% 147 51 93 31 38% 1% 13% 16% U S Smelt (3%). {Uussmpf (3%). | U S Steel (7). | Ctil PEL A (e2). Vanadium (3)... Va-CarCh(m)w 1 | va-CarCh 6% pf Va-CarCh 7% pt Vivaudou | wabash pf A (5) f waldorf (114). . | Walworth (1.80) | Ward Baking B.. 28% West Pacific.... 35 | West AB(17%). 112 66% 20% 26% 53 15 35 12 66% 20% 26% 53 1% 23 4% 143 24 2% 29% 66% 24 24 0% 0% 0% Dividend rates as given in the above tahle h_payments based on the haif yearly declaration Wheel & L Erie. | White Eagle (2). White Mot (4).. wickwire ctfs. | willys-Overland. 22% Willys 0d pf(7). 94% WoolwthFW (15) 141% { Worthn Pump... 24 | Worthtn A (7).. 2% 20% 661 24 2214 9474 141 24 721 20% { Yale&Town (). 66% Yel T&C (75¢). | Youngstown (4). Fular rate, stock. nreferred stock c 10 quarte a Pa optional iy extra, S bor | tPartly | $Plus | | GERMAN BONDS AN—D STOCKS. | | (Quoted in dollars per million marks.) . % o Bid Asked. | Ger Gt (w In) 5s 1014-18. 8560.00 900.00 { Hamburz 434s 1910 130.00 14000 (Quoted in dollars per ihousand marks. ) | Ger 4148 prewar. 28000 % |6 355 1019, Krupp 3s 192 Dusseldort s Frankfort a-M 4s pre-war. . unich 4 pre-war.. ... disché Anilin. ... 5 G (Ger Ge Eiecy. ommerz and Privat Bani Disconto Gellschaft.. . Vienna. Chemical. .. A E G (Gen Elec) . Handels. Approximately 90 per cent of Rail- " way Steel Spring Co. stock has been | deposited for exchange into American Locomotive shares in connection with the proposed merzer of the two com | panies. { not important. | city, { horns, Bl ! pound, 39a41; print: | 28a32 | 28a, | Rose, G STAR, BONDS ON MARKET ' Syndicate Dissolution Brings Out Issue—Price Drops to Below 89. BY GEORGE T. HUGHE! | Special Dispatch to The Star. NEW YORK, May 8—Dissolution | of the syndicate which underwrote the 1$100,000,000 kingdom of Italy 7 per ‘l'(‘“! bonds, due 1951, provided the features of todgy’s bond market The offering price was 9414, and the bonds have betn steady at that price ever since they were first listed. Ex- piration of the syndicate agreement today had not heen generally expected. Sale of a block of $175,000 par value at $9. down 53 points started the de- cline. Subsequently they dipped below but later rallied fractionally and bport around this price wis in evi- ence. Selling at 89, they are over a point below the French 7s and five points below the Belgian 7s. There was some weakening else- where in the foreign list, but it w: French issues were ¢ As usuil the German 7s and Japanese 61s were relatively the steadiest in the group. Domestic issues were firm. In the high grade investiment list United tates Steel sinking fund 5s dupli their record high and there was fal buying in Kansas City Terminal s and the Detroit Edison hond: The Utah Light and Traction 5: fractionally. i up a point to a new top for the move ment. Baltimore & Ohio refunding 68 were strong. There was good sup- port for the higher vielding second grade railroad issues, such as Chicago Great Western 4s, Missouri-Pacific 4s and Western Maryland 4s. Speculative bonds were irregular New York Railways prior lien 6s gained, but Skelly Ofl 6138 lost ground. There was also some selling of Manita Sugar 71is. WHEAT IS HIGHER, TRADING IS LIGHTER ‘Big Discount of Chicago Liverpool Is Main Factor. By the Associated Prese. CHICAGO, Ma Wheat developed something of an upward trend today after a wavering start. The big dis count of prices here and at Kansas as compared with Liverpool, helped to strengthen values in(Chicago and so likewise did the fact that mill ers were offering 41 cents a bushel over May for No. hard wheat here trade was light. however the Government crop report fternoon ing 1 quctations, 4 to iy up, v (new), 1.58', to 1.58%. and July, L38% to 1.381;, were fol. lowed by a slight sag all around, and then by upturns to above yesterday's finish. £ ntinued fine weather kept corn 1 oats easy. May and July corn sached anothér low price record. go ing slightly under vesterday’s mini mum figures. After opening ur changed (o '¢ down, July, 13% to 7 Al deliveries in corn receded to Loderate extent wrted unchanged to 1y higher. 413,. Later. there were trifling ines. Provisions were a li pathizing with corn wi Q le easier, sym Ay Cold) DAIRY PBOi)UCTS. BALTIMORE, May 8 (Special). Live poultry—Chickens, pound, 4 springers, 40a45: old hens, 34a3; 32; old roosters. 20; ducks, pigeons, pair, 40; guinea fowl, each old, 40a50. gs—Receipts, nearby firsts, 621 cases; native and dozen, offered Butter—Good to fancy creamery, store packed, 28 process butter, dairy print 36a87; rol POTATO MARKET ACTIVE. CHICAGO, May 8 (#).—Potatoes Receipts, 65 cars: total United States hipment. 74; Canadian, on track, 284; trading fairly active, market slightly stronger; \isconsin sacked. round whites, 3.25a3.50: S Russets, 3.00a3.25; few Best, 3.35 stock slightly weaker; Texas s Bliss Triumphs, 6.40a6.65; mostly 6.50; inferior, 6.25: Florida, barrel, Spalding . 1, 10.75a11.00; No. 2, 8.50a new 9.00. BANK CLEARI Special Dispatch to The Sta NEW YORK, May 8.-—New York bank clearings, $942,000,000; New York bank _balances, $88,000,000; New York Federal Reserve Bank credits, $70,000,000. MANY CAR ORDERS, NEW YORK, May 8 (#).—Interna- NGS. tional Railways of Central America | has ordered 39 coaches and baggage cars from American Car and Foundry and 25 flat cars from the Magor Car Corporation, Railway Age reports. The South African Railways book 00 gondolas with Standard Steel Car. inclair Refining Co. ordered 50 tank- ers from General American Tank Car, Co. The Florida East Coast Railway’ has made a contract with Tennessee | Coal, Tron and Ralflroad Co., for 6,340 tons of 90-pound rails, and Central Steel for one switching engine from American Locomotive. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY FORT WORTH, May 8.—Grain re- ceipts here have set a new high rec- ord for this time of year. This release of old crop grain is due to the green- ing up of the cattle ranges and the approach of the new harvest season. BOSTON,—Although some of the large leather companies report unsat- isfactory profits in the last four months, the latest announcement of the Graton & Knight Manufacturing Co. today showed that sales this year were equal in volume to those of 1925. while profits were 15 per cent heavier. WASHINGTON, D. off | 43; ladles, 34a | . | Int Paper 68 Sales. High. Lib3%s.... . Lib 1st 4148 Tib 2d 4%, Lib3d 4%s. Lib 4th 4% s US 45 1944. 15 12 11035 11049 104 FOREIGN. Sales. High. 465 98% s Oot 69 16 98% A.... 22 99 Argentine 6s B 1 984 Argentine 7s 11 101% Australian 6s. 93 Austria 75 101 Bank of Clil 98 Bank of Japan 100 Relgium 6 814 Belgium 63 91% Belgium 7s. 94m Belgium 714s. 108% Belgium 8s. .. 106% ‘Bolvi: 100 Rordeaux 6 86t Rrazl 7s. . 94 Brazil 7%s 105 Brazil 8s. 104 Canada 551931.... 1 101% Canada 5 1962.... 2 104% Canadn 6%s 192! 102% Chile 85 1926 101% Chile 85 1941 . 3108 Con Pow Japan 7s 91% Copenhagen §%s. 99t Cuba 5%s.... 101% Ggecho T3 s rots. 98 Czecho 8s 1951 101 Czecho 8s 1952 ct. 100% Danish Munic8sA. 5 110% Denmark 6s....... 1 1034 DEI6%sMch53.. 21024 DEIn5i%sNov5s. 12 102% Dutch East 16847, 2 104% Dutch Fast I 6 Finland 7 French 7s French 71 French 8s German I P 618 German 7 Ger Agr Bank 78, Ger Gen Elec T Greek 7s. . Hungary 6% Argentine 6 Ju 69. Argenti, Argent; 1609 8% 29 95 5 106% 854 28% 274 1057 107% 84 965 100% 1004 100t 901 5l R44 97 1081 66 /70 100% 104' B2 101 1044 164 8515 “7% 2 91 4 834 3 1062% 10 104% 4 104% Japanese 8w ... Jergens U M 68 47. Marseflle 63. Mexico 45 04 asntd. Mexico 48 10 asntd. Netherlands 6s 54. Netherlands 68 72. . Nord 6%8........ Norway 5%s. Norwav 6s 194 Norway fs Norway 621952 . Orfent Dev deb 63 Parls-Ly-Med 6s | Paris-Lyv Med 7s... Peru 7%s. Peru 8n Poland s Poland 8= Porto Alegre 8 Queensiand 6s Queensland 7s. . Rio Ae Jan 8s 47 Sao Panlo 8s 1936. | Sao Paulo 1950. Saxon (P W) 7s. Sefne 7s42.. Serbs Crot Slo 8s. . Sofssons Sweden & Sweden |Swiss 515 1946. . ISwiss Confed 88... 1 1121 |Utd Kingm 51829, 1 117'% Utd Kingm 5148 37. 22 104 - | Uruguay 8s 109 Sa © Vx99 D0 D0 i ! Am Agrt Chem 78 11 ol 17 s 104 101% 100t 104 9Riy 10314 100% ! Am Chatn 6s Am Smit & R 1st bs | Am Suear ref 68 AmT&Tcltrds.. AmT & Tel trbs.. AmT&Ts5s. .. AmT & Tdeb5iis Am Water Wis 5s. Am Writine Pap 63 Anaconda 1st 6s. .. { Anaconda cv db 7s. Andes Cop 7s rets. | Armour&Co 414s rt Armour Dei 5%s. a 38 | | Barnsdall 6s ctrs. . i Bell Tel Pa 58 | Beth Stesl pm | Reth Steel 5% 53 Bethlehem Steel 6s. | Bklyn Ed zen 68 \BKlyn Ed 6s B [Bklyn Unfon 53 | Bush T Bld= 55 60 | Cen Leath 6s 45 cfs | Chile Copper 6s 32 | Col Gas & Bi 5s. Co) Gas & F 5= sta. Con Coal Md 1t 58. |Con Gas N Y 5%s. | Cuba Cane cv 8s | Penver Gas bs. | Det Edtson 58 40 ! Dodize w 1 6 Donner Steel 7. . | Duq L & P 5138 49 Duquesne Light 6s. Empire G & F Ths. Goodrich 6%s Goodyear 88 1931, Goodyear 58 1941. . | Hershey 5%s. . Tilinols Bell 1st 5s. | Int Mer Marine 6s. Int Paper 58 47.... IntT&T5%S # Kan CP&L 6s A 52. | Kan G & E1 65 52.. | Keliy-Spring 8s | Lackawa 8 58 50 | Laclede G 5%3 5: Loulsv G & EbS Manat! Sug sf 7%s. Midvale Steel b Montana Pow b New Eng Tel 8s. N Y Edison 58 44. N Y Edison 6%s NYGELH&P 4s. NYGELH&P 55, N Y Tel 65 41 | N Y Tel 65 49 | North Am Ed 6s. | B 8in Pipe Line Skelly Ol 6%8. Southwest Bell Tenn Blec Pow US Rub 18t rf 6s. USSteelsf Utah Pow & Lt Vertientes Sug 78.. Warner Sug 78 41... West Elec 5s. . Westinghouse 78 wiison & Co 18t Winchester A7 Youngstn S&T 6s. 17 RAILROAD. Ann Arbor 4s. 2 81 Atchison gen 4s Atlantic C Lol 4 6 93 AtlanticCL7s 10 106% At] & Dan 1st 4s 4 4 804% At1&Dan2d4s46.. 8 69% B & O Gold 4 7 92 B&Ocvi%s. 14 96% 28 98% 3 104% 119 103% 11 108 B&O Sw Div5scfs. 24 101% i 9 lose. Low. Close. 98 98% 9874 98 101% 98Y% 9 98Y% 101% 100 98 1004 84 91! 947 108 106/ 100 8514 94 105 104 i 101% 104% 102% 101% 108% 91% 99 s 101 98 4 100% 1007 8 110'% MISCELLANEOUS. 1024 1024 102% 104'% 104% 97 901y 9815 101 884, 10274 97N 977y 85 96 8% 96 R 100" 104* 112 1001% 104" 104 “ 104 101% | 1001 106‘: 971% 47 223 3 997 1031 9% oz 101 % 107 5 1024 | 101% 4 1064 110'% 12104 100 102%_102% | wapash 5158 76 92 9%k 98% 111y 102% 1051 105 of 103% 997 984 964 101 102% 1031 116% 90 105 1084 11084 1041, 10514 951" 997 102% 107% 99% _ 1004 101% 101% 100% 104% 103% 107% 105 105 85% 99% 107 90% 95% 100% 0% 188 102% 105% 4% 107% 96% 7% 93, 108% 108 99% 102 103 81 924 93 106% 30 €9% 91% 96% 97% 104% 103% 108 101% 100t 100% 794 106" 97k 065 9114 o4 105'% 10574 102 106% 1101 121% 1007 92 By 98% 12 103 1054 106 98 103 9975 98% 965 1014 102% 104 1184% 907 105 1083 | 110 104t | 1057% 95% 99% 1025 1077 99% 101% 101% 101% 100% 1043 104 107% 105 1054 85% 99t 107% 90% 95% 100% 0% 138% 103 105% 9% 107% 96% 97% 93 108% 106% 99% 92% 93 106% 0% 9% 91% 96% 98% 104% 103% 108 101% « | Sou Pacific cit 4 . SATURDAY, MAY 8, 1926. FLODOFAAN | (== BONDS s ] Raceived by Private Wire Direct to The Star Ofiica. UNITED STATES. (Sales are in $1.000.) Low. 2 100 24 100 24 100 24 8 10220 102 18 102 '8 0 100 28 100 26 100 28 % 3 1019 1018 1013 1034 1035 1049 Low. Close. 80 80 95% 967y 90% 91 T NT% 1T 84k 8474 103% 10 91% 9 101% 101% o 99% 99'% 126 126 86 86 (T 681 657 91 91 104% 104% 10334 103"« 1057 107% 113% 113% 8704 | 9l | 10z% | 867 104% 103% | Sales. High. B & O Toledo 4 8 BU% Bklyn Manhat BuftR & Pitt 4%s Canad North 8% Canad Pac deb 4 Cent of Ga Central Pacific 4 Cent Pac 1st b Ches & O ev Ches & O cv bs. CB&Q-TI3%s Chi& ET gn bs. Chi Great West 4s ICM&BtPgnils. CM&StP Chi& N W ref Gs. ChiRI&Pgnis.. ChRI&Prf Chi Unfon Sta Gs 44 Chi & W Ind on 4s.. CEWI6%86.. .. @CC&StLrfesA. Cleve Term 68 Cleve Term 5% Colo & Sou 4% Cuba R R 5 Cuba NR 68 66. Del & Hud 1t rf 45. Del & Hud 6%s.... Den & Rio G en 4s D& Rio G imp § D Rio G West 58 Erle 15t cons 4 Erte gon 4. Erle conv4s A Erle conv 4s D Erfe & Jers Erie Genessee R 6s. Frie (Pa) cit tr4s. . FlaBC6s 74. Fla EC 58 74 new. . Gr Trunk f ab 6; Grand Trunk 7s. ... Great North 5%s. .. Gr North gen 7 Hud & Man aj 5s 11Cen4s53.... 11 Central 6%s . M-C-C StL&ENO 5 Tnt Rap Tranbs. ... Int Rap Tr b8 stpd. Int Rap Tran s Int Rap Tran 7s Int & G Nor 1st 6s.. Int & G Nor aj Kan City Ft 8 4s. Kansas Clty S 3 Ransas City 8 Kan City Term 4s.. Lake Shore 4s 28 Lake Shore 43 31. Lehigh Valcn 4s. Louts & Nash 7s Man Ry 18t 9¢... Man Ry 2d 45 2013, MNEIRy & Lbs... M St P& SSM cn 4s | MStP&SSMEsIsstd |MK&T 1t 48 IMK&T4sB MK&T ady = TK&TprinbsA. MK &T6sC. Mo Pacific ren 4s. | Mo Pac bs 1965. o Pac 65 49 D. o Pac 6555 E. ... | Mont Trm ref,5s 41. |NOTex& MinS5s.. NOTex&Mb6sB INOT & M5y, N Y Cengen2i | NY Crf im 41 |NYCentris: | NYCh!&StL 515sA. YChi&StL 5% s B NYC&StL6sA.. ew Haven c d 6s. Y Ont W 1st 4s. Y Rys 68 65. NY Rys 65 A 65.. Norfolk & W en 4 | Northern Pac 2 Northern Pac 4s. Northern Pac 5s Northern Pacr | Ore Short L cn 5s 41 Ore Wash 1st rf 45, Pennsyl con 415, . ! Pennsy! gen 414, | Pennsyl gen 5s. Pennsyl s 6 Pennsyl 6% s | Pennsy! gold 7s.... Pere Marq 15t 45 56 o o R R = N wN 764 9315 105 106% 1061, 874 100% 100% 81 97 105% 4 10 10! 1034 99% 3%4% 88'¢ 924 4 102t 11844 107% 854 % 10345 1034 |Port RL& P 354 93 98 Por RL&P 7128 46.. 1RlArk&L4‘,’s. | St L IM&S 4s 29 St L IM&S RRG 4s. 26 StL&SFpldsA StL&SF nr in b |StL&SF5%aD |StL&SF aaj 6s StL&SFincés... !StL&SFpl6sC.. {StLS W con 4s32. StP& KCShL 4%.. Seab A Lad] 5 | seab A L con 6s | Seab All Fla 6s.. Sou Pac 48 29. 3% 83y 981 93, 10200 10214 94 96 891 894 10214 10214 i 94T 947 204 90'% 3, 94 LTI YA 9% 95 9% _ 981 90 924 847, 85 106% 106 1165% 1165 60's 60k 381 8944 904 294 10244 1024 103% 103% | Sou Pacific ref ¢ Southern Ry gen 43 34 SouRyconss94... 4 | Southern Ry 6%s |'Third Ave ref 4s. | Third Ave ad} !Tol StL & W 4s | Union Pac 1st rf | Uston Pac 4s 27 | Union Pacev 6s.... | vifiginia Ry 1st 58 | Wabash 1st 55 6014 B53% 8944 9015 98% 102% 102% 108% 33 103% 3 10% 1004% 88 6874 84'% West Marylana Western Pacific 5 Whel & L Erf 4138 | Wilkes & E 1st 5¢. . | Wisconsin Cent 4s. 2 1 CROP REPORT CHANGES. Acreage Estimates to Be Postponed by Agriculture Department. Changes in crop reports announced vesterday by the Department of Agri- culture inciude postponement of ance of wool | July 29, and of monthly indices of | milk and egg_ production beginning about August 10. i ‘The changes were based on the rec ommendations of the statistical ad- | visory committee which expressed its | disbelief in the necessity and wisdom ! of bi-weekly cotton reports, but recom mended that if continued they contain upper and lower quantitative fore- casts. It advocated decentralization of the work of the crop reporting board and an Increase in its staff. HUGE GERMAN STEEL TRUST IS ORGANIZED BERLIN, May 8 (#).—The Rhen- | ish-Westphalian steel trust officially came into existence yesterday at a meeting in Essen, when a new trust known as Vereinigte Stahlwerke Atsengesellschaft (United Steel Works) formally took over its various compo- nent concerns. These concerns are the Phoenix, Rhenstahl, Gelsen- kirchen, Bochumer Verein, Deutsch- Luxemburg, Van Der Zypen es Wis- | ner and Thyssen Works. The new trust's common stock amounts to 800,000,000 marks, with | special participating stock of 125,000, | 000 marks, making it the second | ing even the Dye Chemical Combine. . The United Steel Works controls | trom 45 to 50 per cent of Germany's i iron and steel business. It js nego- | tiating a $50,000,000 loan in thé United | States. - [ Fritz Thyssen, eldest son of the late steel magnate, is chairman of the { board of directors of the new com- | bine. Dr. Signora Margherita Sarfatti known as the “mother”.of the Fas- cist movement In Italy. . ol 702 | cleari| 1084 | 105% 105% | acreage estimates untli July and issu- | production estimates | FINANCIAL. |Texas and Pacific Land Trust Jumps 200 in Three Days By the Associated Press. NEW YORK, §.—Certifl- cates of the nd Pacific Land Trust, which have never paid a dividepd, have advanced 200 points on the New York Stock Exchange to a record price of $970 a share in the last three days. This is one of the widest and quickest gains in recent stock ex- change history. The corporation was organized under tion of trust, Februa Yolders of land grant honds of the Texas and Pacific Railway Co. to acquire nearly 3.500.000 acres of land, against the surrender of land grant mortgage bonds, and the in- terest scrip of that company. - All earnings of the company have been devoted to the retirement of outstanding certificates, less than $2,000,000 of the - original issue of $10,369.411 par value being out- standing at the end of February. | | unique. Tt a declara- - 1. 1888, by | MARKETS REFLECT Financial Dealings Affected—Prices Are Sent Lower. the Associated Press NEW YORK. May 8.—All financial and commodity markets this week felt the influence of the British general | strike. Stock and bond prices drifted |lower, with trading in the former tu ing extremely dull; forelgn exchanges broke sharpj an francs crashing to new record low levels; wheat prices developed weakness and then made iregular res covery, and other comodity markets reflected uncertainty over the outcome in_England. No serious disturbance 1o American trade has been reported thus far as a result of the strike, although its pro longed continuation undoubtedly effect our export trade as Great Brit ain is our best customer. In Wall street, however, there was a rather general belief that loss of busines England would be compensated by creased business in other count paryeularly those where England is our principal competitor. Domestic trade news continues fav orable. Freight car loadings and bank ngs are running in heavy vol- ume, steel mill operations continue around 90 per cent of capacity and re tail trade is fair to good. Oil shares developed frequent out | bursts of strength as a result of stff | ening commodity prices, favorable | dividend and merger rumors, and re ports of large current earnings. Sev eral pools ure known to be working in the petroleum group. but they { made little progress this week be | tion. Heaviness cropepd out in the motor | group when selling pressure was re- | newed against some of the low priced | shares. Rubbers also lost ground on | rumors that several of the large coun tries would be compelled to e down their inventories because of the recent drop in crude rubber prices Fears for the safety of the Americ Woolen preferred dividend were re | flected in the weakness of that stock | Leather issues were sold down on re- ports of a poor first quarters business. i Rails failed to make much of a re | sponse to the announcement that { March net income of class one car | riers totaled nearly $95,000,000, a new | high record for that month | WOOL MARKET QUIET. | Special Dispateh to The Star BOSTON, May 8—The raw | market closed the week quietly. with la few scaitered sales of domesti wool reported, but with foreign sorts {inactive. American buyeys still ap pear disinclined to do much pending settlement of the British strike, but | some inquiries are coming in_from | Continental sources. A big Utah clip | is reported to_have been bought at {35 cents and Wyoming growers are | | said to be consigning a large part of | their unsold wool. Washington Stock Exchange SALES. Merchants’ Transfer & Storage pfd —10! AFTER CALL Capital Traction Co—3 at 1031, shington Rwy. & Electric ptd-—10 at Bid and Asked Prices. BONDS. PUBLIC UTILITY. Asked Amer. Tel | Amer. Tel Amer. Tel. & Tel. ctl, | Anacostia & Pot. R. R. Ana. & Pot. guar & P. Telephone T & PTel. of Va tion R " 1st B8 Cans. Bx lec. Os 195 El. Pow. g & ref. . .. Alex. & Mt. Ver.'Bs.. ash.l Alex. & Mt Ver. ctf Wash.. Balt. & Annap. bs. | Washington' Gas 56 < | Washington Gas fs. Wash. Rwy. & Elec. 4¢ Wash. Rwy. & Elec. gen. 6s.. / MISCELLANEOUS. | 0. c._Paper Co. Pot. Joint Stock 1. Southern BIdg. 614 h. Mkt. Cold St STOCKS. PUBLIC UTILITY. American Tel. & Telga. Capital Traction. Washington_Ga Norfolk & Wi Potomac Electric pfd.. . Potomac Electric int. cif.. . Wash. Rwy. & Elec. com... Wash. Rwy. & Elec. nfd NATIONAL BANK. Lincoln Kational Metropoiitan . American Security & Truet.. Continental . Union Trust Washington Loan & Trust. . 490 SAVINGS BANK. | largest concern in Germany, exceed. ! American Corcoran Firemen's 3 National® Union TITLE ¥ Columbia Title. ... ool "Batate Titie Tna Co. ot Md. com MISCELLANEOUS. r pfd. . rage pid & smi;‘:’. 1%, STRIKE IN ENGLAND and Commodity! with French and Bel-| cause of the lack of public participa- | n! wool | ten |GOULD IS LEAVING MORTGAGE FIRM Resigns Presidency to Form Another Similar Concern in Capital. i i position as pre Capital Mortgage t. and H. ¢ first vice president, hi d to the presidency Gould has been at ! the company since it was founde more than two years ago, and ing up his duties to form « simil ganization. During his service the concern has enjoved | grov | In advancing H. €. Maddux to the presidency there oceurred a vacanc. as executive vice president. and this has been filled by the election of Howard Duckett, a well known | business man. Phe officers now H. C. Maddux, president Howard Duckett. executive vice president: F. Brooke Leec. Tt €. Marshall, jr.: C. K Mallory and James A. Moss, viee sidents. g F. P Wil ms, sec ry-treastirer Mahlon Groo real_estfte of {to the bourd ¢ members being ! Cowle, J Drake o tdux, D. H rand | Ta | Treland jtiamns. the hea H retired builder and ator, has been adde directors. the ot H. C. Ba iy Dickman. Charles Howard Ducketi, Harv Brooke Lee, H. C. M Mallory, R. €. Marshall, § aury, Jaines Moss, Cour on James 1) ieorge ht, M. \ )M F. P. W Ni [ Wheeler Local Market Very Quiet. on the Washi N St 1ge was extremely quiet in t session of the week. ks were dealt in d on and there was o tion in each No one trans | appeared Ten shares of and Storage prefe | shares of Capital 1033, 10-share lot and Elec Mer ed sold at par: Traction _broug f Washinz preferve { The week., as a whole, was one ! { the most active on the lo¢al exchangs \ln a long time Bank Clearings Irregular. There is some little evidence of regularity in the report of bank cle. ings this week, which, for lead: i the United States, aggreg: 16.000. This is 2.6 per ce: less than the amount for a vear ag whereas the gain last week was 17 per_cent New York City clearings $6,730 000,000 and show per cent compared with the corresponding week of the total for the outside amounts to $3.723.216.000 and sho an expansion of 5.3 per cent Most_of the leading cities outside New York show gains this wee among them Boston and Chicago. b { there are declines at Pittsburgh. Balt more, Cleveland. Minneapolis ar other centers. District National's Staff Dines As guests of the board of directors the officers and employes of the District National Bank had a dinne evening a ‘osmos Club whic proved a delizhtful event. J Miller Kenyon was t ster and Robe Harper. the bank’s head. made principal address. Abs guests were present. Sidney West was chai man of the dinner committee. Among the features of the evening were a recitation by Miss Anna Ravnon and i the reading of an original poem h Miss Mary Craven In addition to Mr Joshua Evans, . J. Gockeler m S, ted l wee Harper's speech H. L. Offu nd B. L. Colton Ulman and John F. Maury planning the dinner. The partially to celebrate usually successful year. Reserve Loans Increase. The Federal Reserve Board's weekls condition statement of 708 reportir member banks leadi of Aoril shows an incr £78.000,000 in loans and and a decrease of $3,000,00¢ i ments. These changes w panied by irn ses of $15.000.000 in net demand deposits. £3,000,000 ir time deposits and $58.000.000 in hot rowings from the Federal Reserve banks. Market Traders Get Visitor the first { broker office of John L. Co.. on H street. are given s shock as they walk into the he room to see what the ticker quc | tions are doing. They get the saie <hock regardless of whether stocis !are going up or down. The reas: is because the surprise comes fr the clock instead of the tape. All the clocks in the place are on New York davlight saving time in orde ito be on the same schedule with the Wall Street markets. That mean they are an hour ahead of Washing time. had no idea it was getting so late” says every visitor to himsel’ Then he instinctively raches for i | watch to see what his timepiece fax« «nd by that time happens to thir that the bills and bears have the own hours for struggling for the » tery of the stock market. Record of Week's Failures. Shock. "y Failures this week are fewer number than in recent preced: | waeks or than in the correspond week of last year, the total for United States being 403, compar: with 483 defaults last week. 4 preceding week and with 424 a vea 4g0. A reduction in the number ap pears for each section this week a- | compared with last week's, which | very marked in the South and West Views on British Strike. Moody's Weekly Review save part: “One should not regard the Britis! strike as a disaster even to Gres Britain. It promises after a shor' pertod of disturbance largely to elim inate labor troubles, reduce labor costs per unit of output, increase British competitive ability, and hely the recovery of British trade. { “our financial markets are not jeopardized. Since 1880 we have had here six vears of great' strikes, and in three of them thers were buil movements, while the bear move ments of the other three had but lit tle to do with the strikes. Meanwhile British labor officials have made a capital blunder, which should for some time destroy their political powers, and greatly reduce their in dustrial influence.” Commodity Prices Lower. Although somewhat less pro nounced than for some time past, tha trend of prices in the wholesale com modity markets continues toward a generally lower level, 39 out of the 73 changes that occur this week in the list of quotations collected by Dun's Review being declines against 34 advances. In last week's tabula- tion there were 42 recessions and 24 increases; In a similar comparison for the corresponding week a year ago, 33 reductions contrasted with 26 advances. i ot I SRR One modern bulb-makin I . does the work of 145 glassblowers.