Evening Star Newspaper, May 13, 1926, Page 30

- FINANCIAL., FINANCIAL. Received by Private Wire Direct to The Star Office Open. High. 4T% AT Tow. Close. | 10' 10% | Int Paper.. 110% | Int Paper pf (7). 90 905 9 | Int Shoe (6)... 1394 139% Int Tel & Tel (8) 119% 120" Intertype (t1%) 2213 224 lordon Mot (3).. 28% Kan City South. 397 Kan C Sopf (4). 63% Kelly-Spring . 134 Keisey Whi (6). 88 Kennecott (4)... 52 KeystoneT& R. % Kresge SS(1.20). 46% Tambert Co 41 Lago Oi! & Tran. P94 Leh&Kink stf(3) 33% Lig & M B (4).. 79% Toew's Inc (2).. 37% B .. T Lorillard(3) 38 Louisiana Oil. .. 14% LouisGasA(1.75) 24 Ludlum Steel 3 M'CroryB(15.60) 79% Mack Trugks (6) 1118 Magma Cop (3). Mallison & Co. . . Man Bl Sup(415) Man El gtd (d5). Maracaibo Oil. Market Street Market St prior. Market St pf Marland 01l (1) Mathieson (4). . Maytag Co (2 Open. High STOCKS IRREGULAR: o 1 Ajax Rubber. 87 o 5 | ::r‘ag_\'"’flpfl' 27 2 Bear-Bull Set-to in Nashjijiedcnem o). 1a i Livens Up Session—80,000 Shares Absorbed. 27 Allls Chal pf 1081 108" Amerada (40)... 264 20% | Am Agricul Chm 16% 18% Am AgriChpf.. 56 56 Am Bank N.1.60 41 41% Am Beet Sugar.. 24% 24% Am Bosch 1% 174% AmCan (2)..... 48% 43% Am Can pf 126% 126' Am C; 938 93% Am ¢ 24 24% Am & For Pow.. 18% 18% Am Hide & Lea AmHome Prod Am Tce (+10) Am Internatl AmLa Fr (1) Am Linseed Am Loco I Am Metals (1) 3 Am Power & Lt. B3 b3% Am Radiator (47 109% 109% | Am Safety R (3) 6% | Am &m & Ret (73 117 Am S & R pfi) am Am & L Am Am Tel & Tel(9) BY STUART P. W #Apecial Dispatch to The NEW YORK. May i3. On a con siderably reduced volume of business the stock market today was very ir-| regular in its price changes, with no definite tendency for the most part one way or the other. The list was inclined 1o vield somewhat during the early pact of the session. but &tocks were not brought out in quan tity sufficient to encourage aggressive operations for & further decline, It was the same sort of a professional speculation which heen going ou for the last month. with very few interruptions. ‘The market was not big enough to pay any more { attention to world matters like the settlement of the British sirike and the appasent compromise reac hed in Poland. 109% 46% 116 116 17 1164 11615 400 40n 101 69% 69'. 8% 69% 9% 9% 9 9 144% 1445 14352144 A Tobacco (8). 118% 1137 118% 11 General Motors was hnlnlnl&"“)'l;l‘j Am T c B (8). 113% 118% 118% 1 the last demonstration prior 10 the {‘\p pyy iiis(8) 120 121 120 121 x declaration of the extra dividend ex-{ ym Wa'Woo120 49 49 48 MalroG pr(18s), atter the close of business. | \ilwo o P . gygif Mkl Gop () But 1t did not much heip the other [ ‘\m Wool pf | T S Sontinany ot or riian Am Zine pf 28 o8 R er ) Some idea of the extent Anaconda (3) 45% 460 JaHle =(iutes last season’s speculative Avmour 111 A (3) 134 15 e gances have been undone would have | armour 1l (B) 7 Kbt Apeared in the comparison between | Asso Oll (2).. . 521 AjascuriTacioe the highs of 1925 and the early part 1318 131% bl of 1925 and the lows today. Hudson 98% 987y N annHan(E) Motor was off 76 points, Jordan Motor ""-“W'" Ward 3% Paige Detroit 19 and so on down Moon Mot (3). pected to which extrava Atchison (7) Atchison pf (5 Atl Bivm & At Atl C Line(+9! 164 834 100 45 26 100 4% 265 140 140 64 64 78 23" 30 268, 115, 134's 124 2o, 122 1577 995, 341, 69 26 Air Brake(2) Central (7). Chi&SiL(11) 140 [T 73 NY On & Wes! Ntag F pf (1%). Norfolk South Norfk & Wn_(Y8) North A (B3l40). North Am pfi3) Norwalk (1.60) Omnibus. ¢ Oppenheim (3) Orpheum Cir(2) Qutlet Co (13131 Owens Bot (14) PacOll (3)..... Packard Mot (2) Paige Mot(1.80). Pan-Am (6) . Pan-Am B (6) Panhandle. . Panhandle pf Pennsy R R (3) Penn-Seab Sieel. Peoples Gas (8) Pere Marq (¢ Pera Marq pf (5) Phila Co (4).... Phila& RC&I. Phiiip Morris Phillips Pet Pierce-Arrow. Pierce-Arrow pf Pierce Oil. ... Pierce Petroim PittaCoal..... ...} Pitts Ut pf i1 PittsU pf n(t PitU pf ct nt1.20 Postum (4.40) Producrs & R pf. Pub Ser N J (3). Pub Serv pf (6). Pub S NI pf (8). Pullman Co (8). Punta Aleg Sug. Pure Oil (). . Pure Oil pf (8) . Private dispatches from Tulsa, re- ceived in Wall Street. state Amerada Petroleum Corporation has hought 860 acres in Hutchinson County. Tex.. from the Douglas Oil Co. for $580,000 cash. Two wells on the lease are pro ducing about 350 barrels daily 30,000 barreis of stored oil a included in the transaction The financial condition of Federal Motor Truck Co. s reported to be the hest in its history. its cash balance of $1,521.000 being the largest it has ever had. The company’s output and earnings by June 30 are expected to aqual what was shown for all of 1925, when production was 6 and profits before taxes §1 Iron Trade Review sees a better de mand for steel. saving that appear- ance of new orders in encouraging volume is tending to offset pessi mism which pervades certain market districts. “Additional evidence is ap- pearing in the Chicago district that low points in the present lull passed 10 days or two weeksy ago. Heavy rail placements in that district served to help sustain operations, while specifications on finished steel con tinue to run ahead of shipments. Steel ingot production in Chicago ter vitory is slightly below 80 per cent of capacity 108 43 46% 99 Eastman Kodak Co. deciared the usual extra dividend of 75 cents a spare on the common stock in addl flon to the regular quarterly pay ment of § also the regular $1.50 on the preferred At Guolf & W Mothr Lode(75c1 t. . the list, naation today was provided | At Gulf&WT pf Motor Met (3 60) fnz to 80.000 were taken around Atlas Powdr (4). Nash Motors. ... Ab first this was supposed to vepre- | Austin-Nichols. Nat Biscait (1) <ent the liquidation in the open mar- 3 Austin Nie pf(7) Na: Cash Reg(2) wards this rumor was denied. and the aldwin L (7 Nat Dairy (3)... Street had to fall back upon the| Balio & Ohio(5 ; theory that it was a wansfer of a | Rarnet 1 come involved by the recent severe! Rethlehem Steel. 38% e Beth St pf (7)., 1004 100% Famous Plavers was lower, 8o was | Booth Fisheries. 4%, 43, were inclined to hold their advantage | BkIn Edison 8). 140 of the previous day. despite the fact { BEln-Mn Tr (4). 64 that if the railroad strike in Cuba is| BKInUnGit11). 73 it will mean the release of large extra | Brunswick Balk. 26% 264 supplies of raw sugar Brunswick Ter.. 118 118, Burns Bio (10).. 184% 135 Bush Terminal.. 26 26 WALL STREET BRIEFS | Bush Terde (). 30 80 Butte&Super(2) 118 11% O | eecsl. : 23 extra dividend o a share Bl = s common stock of United States Gyp | Calif Packing(8) 128 128 s tasclared eatarday in| CAITEaoI(2)). MEay s S -| Can Pacific (10). 157 157 bursement of 40 cents. The regular | (ASFRCIES (1) - 157, 1578 quarterly of 1% per cent on the ".rF Case Thrpf (7). 104' 104% ferred also was authorized. ~The - . o | Cent Leather pf. 46% 46 atock of recor May 22 lJinfl rae];‘eg Cerre De P (4) 62% 52"@ uf\av dxv:"lelnd* on June 30 to holders | cgrtain-Teed(4) 3915 2915 of record June Chand-Cleve. . 18% 13% Chand-Cle pf(4). 80% 30% Ches & Oh (112). 1213 121% ) Chi& Alton pf.. 10 10% ChiGr Westpf.. 18 19% Chi MII&SLP... 10 10 CMil&StPetfs 10 10 C MIIGStP pfefs 16% 16% Chi & Nwn (4) 69% 69% ChiR1& Pac 50% 50% Crucible pf Chile Cop (2 Christie B (1.20) Chrysler Corp(3) { Chrysier pfA(8). Col Fuel & Iron.. 40% 41% Col Sou2dpf(4) €0 60 Col Gas & El (5). 6% T6'4 Com Cred (2)... 28% 28% Com Solv B_.... 142% 142 { Congoleum-N 124, 1435 Consol Distribut 8% 3% SR g Consol Gas (5).. 92% 924 Pay Cons Cop (1 ContCan (16)... 74 74 Y Cont Mot (80¢).. 104 10k S e Corn Prod (2)... 38% 38% o oo g e &0 s Remington Type 92 Cuba Cane Su pf. 4 e Hy oy 7 Cuba Co (4) Y o) Royal Dutch Petroleum declared a 6 25% v; | Bobt Reis& Co.. 12 Cuban Domin. .. nary shares, making 23 per cent for | cudany Pkg (7). 82 82 Royal D(al1.339) 61% 192: . St Jaseph 1.(13). 37 ST Daniel Boone. .. % K StL & S b Ray Consolidated Copper reports _ e Al Al Dol 8 3¥n (17)MPL s avage Arms (4) 77 quarter of 1926 before depletion and } D RG Wst pf... 38! 38 Tte (48) 480 Federal taxes, equal 1o 36 cents a | Detroit Ed (8).. 130 130 Eeiberaiiion.. 8% share; against $1.096.100. or 35 cents St G Dodge pf (7) 30% 80% s i e $1.198.388 in the first quarter of 1924 | Dome Mines (2). 14 14 SreTaecn Gy Bh, before depreciation, depletion and Fed- | Dupont (10).... 210 210% e e Shell Un (1.40).. 24% Eastman (+8)... 109% 110% Shubert Theatrs 64% Katon Axle (2).. 26% % Simmons(12.25). 39% ElAuto Li(6'3 64% 643 Simms Pet (1).. 19 Elec Power & Lt 181 18'5 Skelly OI1(2).,. 3%% Elec P& Lpf(7) 93 91 Stoss Sheff (6).. 118 Elec Refrig(f2). 66 €64 South Port § (8) 101% 2 by Nash Motor when blocks amount- | Atlantic Refing i e ket of a big estate account. After-| Auto Knitter Nai Cloak & Suit Jarge block of stacks which had be- | Rarnsdall & (2) ‘exas Sulphur. ‘The sugar stocks|BriszsMfg (3).. 26 in process of seitiement as reported. | Brown Shoe (2). 30 Bur Add Ma (3). 84 86 W YORK, ‘May 18 10P)—An] g aerick S B e o tho it ousrteny A5’ CANAMIREING. .| N 1 B o e g ani L 8% 81, Certain-T 1st(T) 102 102 Chi & Alton T ™% Chi Mil&StPpr 16% 16% Chi Peu T (5).. 113% 113% Childs (32.40) Coca-Cola (7)... 146% 1467 ColG & Epf (T) 11284 1128 i Consol Cigar.... 51's 5% Cont Insur (6).. 125 125 e Cr ble Stl 874 Repiogle Steel 9a Aividend of 13 per cent on the ordi- | Gupan Damin 1% te Rossa Ins (6).. 86 net income of $1,113.902 for the first fe A St L Southwes:. 87 e iiis o e sreomiing ihaviers Gpnl Doagent (). -.. K301 sEor o R Duquesne pf (7). 11415 114% bbb gl Electric Boat... 4% 4 Sinc'air OIl. 207 ind-John (3)... 66% 66 Sou Dairies B. An Index of security prices com- piled by the New York Trust Co. =hows an increase in April of 491 in average prices of 113 stocks. repre- enting 13 different industries. Av- erage prices of 66 bonds rose one point in the same period. New York bank and trust companies continue to lead the stock list with an average vise of 10 institutions of 45.70 points. Stock of five railroad equipment com- panies rose 4.60 points, and that of public utilities 4.26. Rubber com- panies showed a decrease of 1.38. Equitable pf (7) 101 101 South Pac (6)... 100 Erie R R.. 320 824 Southern Ry (7). 109% Erle 15t pf . 384 384 South Ry pt (5) 2alad g 83% 335 . Spicer M{g...... { Bureka Vac (4). 467 46% Std Gas & El (3) Fairbanks (3) 48 48 Std G & El pf(4) Famous Pl (8).. 122% 124 Std Mill (5) 8 Famous pf (8).. 122 122 Std Oll of Cal(n) 63%s FedLight(*1.10) 30 30 StdOINJ (1).. 44 FrstNP 1sti0.44. 9814 98% Std Oil NJ pf(7). 118% First Nat S(1%) 33 33 Stewart War (6) 71 Fisher Body (5). 83'% 881 Studebaker (5). 50 Fisk Rubber. 16% 16% Submarine Boat. 24 Fisk 15t pfeviT) 96% 96l Sun Ol (1) 325 Fleischman(2).. 407 41% ol Koundation (8). 96% 961 8l EDEEINIL (1) % L Telautogra (60c) 124 Texas Co (3).... b1 Freeport-Texas. 31 31% : Gabriel Sn(133) 33% 33% Tex Gulf S (10). 133% Gen Asphalt. 63 634 Tex & Pacific. .. 63 Gen Cigars (4) 50's 50% Tex & Pac C&O0 13% Gen Elec (c8).,. 318% 3164 Third Avenue. .. 38% Gen Elec sp(608) 11% 113, Thompson(3.60) 48 Gen Mot (712)... 127% 127% l‘ldek\e\;?"l‘grlm ::A - £47).. 10 | . Gen Mot pf (7) 5% 116% LKA (P ee 00 Gen Outdr.Adv.. 28% 287 y 4 ; “Tob Prod A (7). 1074 e g Transcont Oil... 8% Gen Petrm (3) Gimbel Bros. . Underwood (4).. 521 Glidden (2) Un Bag & Paper. 36 Gold Dust. . Un Carbide (5).. 80% -Goodrich Ru (4) Un Ol (2) . 43% Goodyr pr pf(8). Un Pacific (10). 147% Gothm S H (2%) 36k 39% Un Pacific pf(4). 78% Gotham pf (7).. 100% 100% Utd Cigar S (e2) 881 Gould Cou (2)... 18 18 Utd Drug (8)... 142% Grt North pf () 72% 724 UtdDrg 1st(3!2) B87% Gt Nor Ore (1%) 20% 20% United Fruit (4) 103% Utd Ry Invest.. 25% Guif States S (6) 66 65 nve USCIPAF(10) 164 Hartman (2%).. 27 27 .Hayes Wheel (3) 82 32 U!C{Plp( ('11). 102 Househd (13%3). 42 42 LG i Houston Oil.... 58% 59 us H:gnr:::'{ii su‘/: Hud Man pf (5). T4% 74% U'S Ind Alcohol. 49% Hudson Mot (3). 63% 64% il US Rubber..... 65% U S Rub 1at (3). 104% Hupp Mot (1)... 20 20 U S Steel (7)... 121% Indep Oil (1).... 24% 15 indian Motor (2) 19 Indian Refining. 9% US Steel pf (7). 128 Inland St (2%).. 36 Universal Pipe.. 161 Univ Pipe pf (1) 63 Utll P&L A (e2). 31 Inspiration (2) 22'% Interurb Rap Tr. 48% Intconti Rub(1). 14% . Internat Agri... 16% Ul S In Az Cprpf(7) 83% Va-CarCh 6% pf 48% i e e Va-CarCh7% pt 93 int Com Eng (2) 43 birm 30% Tftter Har pf (7). 119 119 119 Viva pf new (1), 100% Vule Det pf (7).. %8 Wahgs 39% IntMtch pf(3.20) 69 60 59 Wabash bt The New York Stock Exchange has ruled that transaction in capital siock of Pacific Ol Co. tomorrow shall be the distribution of one share of Standard Oil of California Symington. Directors of the American Rayon Products Corporation yesterday de clared the regular quarterly dividend of 50 cents, payable May 29 to stock of record May Recent weakness of the stock on the New York Curb market was associated with rumors that the dividend would be reduded or omitted. of businesses ac- Projector Earnings for 1925 quired by Internation: Corporation were $ against $605.519 in 1924, Ratio of current assets to curreni liabilities were more than 6 to 1. Net current assets at the close of the vear were $1,299.570. Agencics have been established in London and Paris. 666, Heavy shipments of tin plate are ‘eported from Pittsburgh district with operations of tin mills continu ing {0 average 90 per cent of capacity o better. The trade looks for cur- tailment at these mills unless second half requirements of can makers are arranged soon. Prices are unchanged at $5.30 a box. Demand for standard full-weight merchant pipe has im- proved. 19% 24 19 9% 35% 22% 43% 14% 16% 83% 53 a4 The New York Stock Exchange vesterday admitted to its trading list ihe common shares of the Largo Oil and Transport Corporation, all of which carry full veting rights. The company previously had heen denicd market for its securities on the “tock exchange because of unusual “ating_provislons for ite class “A 2nd "B shares. This classification later was removed. in. nrder te meet the requirements-of the exchanse, o 93 30% 100, 88 39% Int Mer Marine. E . T T int Mer Mar pf.. 3h% Rb% 34 Int Nickel (2) L1 LY i e P 5 ferred stock, i E B e NEW YORK stock EXCHANGE | |JEMAND IS GOOD N BOND NARKE Feature of Trading Is Over- subscription of New Tele- phone Firm’s Issue. BY GEORGE T. HUGHES. Special Dispatch to The St | NEW YORK. May ure foday in the bond the oversubscrintion. estimated to amount to four o five times the {iotal offering of the $40.000.000 New England Telephone and Telezraph 4135 offered at 941, to vield, 4.80 per cent. This is the second long term utility bond with a 41; per cent coupon to be marketed since the war and the success of the offering, notwithstand- ing the low yield basis, was taken to indicate the fundamental state of the investment demand. The bonds sold at a premium of a quarter of a point immediately irading was begun on the Exchange. Applications for the new honds came heavily from life insurance companies and banks which now are looking for large blocks of issues of this high grade. The prompt sale of the bond |had a stimulating effeci upon the {general market. All the United Stales Government obligations were Strong {nd the fourth 41, Liberties and the Treasury 3% duplicated their pre vious high Outside the high grade ! was active demand for { vielding railroad bonds this group were the e issues, Mis- souri Pacific general 4s and refund- ing 63 and the St. Louis, San Fran- cisco obligations secured under the prior lien mortgage. | " 0il bonds attracted move attention {1t was announced that the Sinclair Corporation would redeem out of cur- ent earnings $2.500.000 of its frst ien collateral series of & per cent bonds, due December 1. 1927, at 105, if accompanied by the uncanceled stock chase warrant The bonds de ned on the announcement Other incidents were a shaip run 1p in Northern States Power bs and in Cuba Co. fs. Demand was per sistent for Hudson & phattan in omes jusi below 81. Tnere was also improvement in Remington Arm 6s. In the foreign list prices were in- chued to sag Poland Ss were weak again, losing all the giound gained {in the rally of the last few minutes of trading vesterday. Both ltalian 7s and French 7s were down fraction ally Other new financing included $10 600,000 Indianapolis Power and Light first collate 6 to vield over 625 per cent. which was ovel subscribed, and $2.000.000 I of Anbalt, eld from 6 13.—The feat market was list there the higher- Prominent in .60 per cent RAiLROAD RE-ELECTS. NORFOLK, Va., May 13 ((®). - Di rectors of the Norfolk-Southern Rail- way were re-elected yesterdav at the annual meeting of the stockholders held at Norfolk terminal station. The annual report of President George R. | Lovall, which showed the financial sondition of the company to be im- proved and its traffic picking up, was regarded as highly satisfactory. The April business of the road was the best in its history and the first ten days in May indicated a considerable mprovement over last vear POTATO MARKET WEAKER. CHICAGO., May 13- Potatoes— Receipis $0-cars total United States 489: Canadian, 1: on track, slower, market Wisco sacked 3.30a8.70: inferior, 3.25 ked, round whites, Idahe, cked B inferi wealker, whiies. acked. Bliss Flordia, mostly aboui steady Triumphs, mostly bgrrel, Spalding Rose 1850, VOTE ON CHANGE. NEW YORK. May 13 (#) holders of Illinois Power and Light Co. will vote at a special meeting July 14 on a proposed change in the dividend rate on the unissued 70.000 shares of preferred stock from 7 per cent 1o 6 per cent. the new issue having the same rights, privileges, preference and restrictions s the present stock. tock- ERS CARS. 13 (#).—The ordered 30 passenger and baggage cars from Bethlehem Steel Corporation. International Rail- wayvs of Mexico booked 39 passenger and baggage cars with American Car and Foundry Co.. The Georgia and Flovida is in the market for 450 box cars. s ISSUES OVERSUBSCRIBED. NEW YORK, May 13 (#).—Prompt oversubscription of two large bond issues totaling $50.000,000 offered to the public today was reported soon after the books were opened. The $40,000,000 issue of New England Telephone and Telegraph Co. 41; per cent first mortgage bonds, series B, and $10,000,000 Indianapolis Power and Light Corporation first collateral trust gold _bonds, series A, were quickly taken. i WILL REDEEM BONDS. NEW YORK, May 13 (#).—Redemp- tion of $2,500,000 Sinclair Consoli- dated Oil Corporation’s first lien col- lateral 6 per cent bonds, series K, at 103 and accrued interest on July 31, has been authori by the directors. i The bonds will be redeenfed from cur- rent earnings. WILL CLOSE SATURDAYS. PHILADELPHIA, May 13.—Retail merchants in the central business district here will close all day Satur- day during July and August, despite the trade anticipated from the crowds attending the Sesquicentennial Ex- position. CAPITAL DISTRIBUTION. NEW_YORK, May 13 (®.—Wells- Fargo Co. has ordered a capital dis- tribution of $2 a share, payable June 1 to stock of record May 25. Directors were re-elected. ——————————— Waldorf (1%).. 19% 19% 19% 19% Weber (4). . 54 B4 G4 b4 West Maryland. 11% 11% 11% 11% West A B(17%).112 112 111 111 Westinghse (4). 67% 61% 67% Weston Elec.... 15 1 15 Wheel & LE pf. 40 40 40 ‘White Mot (4).. 52% 52% b2% ‘White Rock (2). 273 27 27% Wickwirectfs.. 1% 1% 14 Willys-Overland 21% 21% 21% Willys 0d pt(7). 94% 9% 95% Wilson A (new). 16 16 16% WoolwthFW (13) 148% 142% 148% Wright Aero (1) 28% 28% 284 Wrig Wm (14).. 60% 50% 50% Yel T&C(75¢)... 23% 23% 28% Youngstown (4) 69% 69% 69% i ven in the abov are e T deh sy ments based on the Tatest quarterly ‘or half vearly declaration Thiess otherwise noted, extra or special divi- dendg are not included, y o rezular rate, hor hi . onfional ih sonc. STariiy sock: ipanily fun | So Por Rico Sug 7s. 28 v Yok B()NDS sroc excrace| THE EVENING STAR, WASHINGTON, D.:C, THURSDAY, MAY 13. 1926. Received by Private Wire Direct to The Star Office. UNITED STATES. (Salen are iv $1.000. > Sales. High. Low. Lib &'.s. ... 188 100 28 100 Lib Wt 4148 10 10224 102 Lib 2#44%s. 160 100 28 100 Lib3f 410s. 64 101 12 101 Lib4sh 435 204 1038 108 :;2:&;9.“ 186 101 14 101 8 4 . 86 SR 10412 104 FOREIGN. Argenunesa. ... '5" ag"" Argen'ne 65.Ju 3. 18 98% Argenfine 6s Oct 59 86 Argenne s A.... 24 ArgenCine 65 B 10 Argeniine 7s...) .| 14 Austraan 5s. 58 Austrid7e.. .00 g Bank G Chile 6J5s. Bank ¢! Japan 6s. . Belgiv n 6n . 20 Belgivm § Belgiwh 7s. ... Belgiu 7155 . Belgtut 8s. Bolivia 8s Borderux 65 30 Brazil is nads hs 193 nady 5s 1 Canad: 51 Chile 7s 194 Chile 9419471, Chines» Gov Ry 5s. Con Pzw Japan 7s. Cuba . .. Czecha 7155 rets. Czecho 8s 1951, ... Czeche 851952 ot .. Danish Munic 85 A Munic 85 B Denmark 6= <1929 Dutch East T 6847 Dutch East T 6« 62 dor 85 48 merican 7 French T French German 1 P 6l4s Gearman is..... Ger Aer Bank 7= Gen Elec Ts. tibe Iolland Amar 6.« vy 618 Terzens U M 6« 47 T.von e Marsellle 6« Montevidio Tx Netherlands 6« 54 Netheriands 6« 72 orway 515 Norwav 651941 Norway 65 1944 Norway 6s 195 Ortent Dev deb 6« Paris.Ly-Med f Parls-Ly Med 7s Pern 718 Pern 83 Poland 6s 40 Poland 8+ Porto Alezre 8« Prague 71,5 Queensland 6. Queensland 7= Rio de Jan Xs 1946 Rio de fan Re 47 Rio Gr Do Sul 8« a0 Panlo Citv §< Paulo 85 1936 <18 Sao Panlo 1 H axon (PW) T« Seine 7542 Serbs Crot Slo 8« Sweden 51;s et Sweden 6 10244 1042 104 9210 704 1M8% 10415 109 Utd Kingm 51,837 105 Uruguay $s 7 MISCELLANEOUS. Chem 77is 3 ns & R 1st 58 car ref 6= Am T & Tecltrds AmT& Teltris.. AmT&T st 5s Am T & T debil:s. Am Water Wke fa Am Writing Pap 6 Anaconda 1st 8s.. . Anaconda cv db 7 Andes Cop 7s ret Armour&Co 4 Armour De! § Barnsdall 6s ctfe. . Tell Tel Pa 53 C Beth Steel nm 63 Beth Steel 5158 53 Beth Steel 65 Brier H St 1st51;¢ Bklyn Fd zen 5s... Bklyn Union 313 Bush T Bldg 5% 60 Calif Pate 615« . Cen Leath 65 45 ofs Chile Copper s 3 Col Gas & El is Col Gas & El 55 sta Commonwlth P 6s. Con Coal Md Tst 5s. Con Gas N Y 6'25. . Consumers Pow 68 Cuba Cane cv s Cuba Canecv8s. .. Cuban Am Sng 8s Denver Gas s. Det Edison 58 40. .. Det Edison ref 6s. . Dodge wis... .. Duquesne Light 6s. Est Cuba Sug 71s. Empire G & F 7138, Fisk Rubber 8s Goodrich 6148 ... Good year 85 1931.. Goodyear 5s 1941.. Hershey 5'; : Humble O & R 5% Tilinols Bell 1st 6s. Tlinois Steel 4338, Indiana Steel Gs. .. Int Mer Marine 6s. Int Paper bs 47.... Int Paper 6s. IntT&T5%S Kan G & Fl 6952 Kan CP&L b8 A 52. Kelly-Spring 8s... Lackawa § 58 60 Laclede G 5125 52. Lorillard (P) 58 Yorillard (P) 7s...0 2 12044 Toulsv G & E 58 52 19 100 Manati Sugar 8f 7% 16 99 Mia-Con 615540... 7 104% Midvale Steel bs. 964 Montana Pow &5 New Eng Tel 6s... N ¥ Edison 58 44. . N Y Edison 6%s. ... Y G E L H&P 4s. ¥ G E L H&P bs. Y Tel 6541 ¥ Tel s 48. . North Am Ed 6 orth Am Ed 6%5. Nor States Pow 6s. 33 Nor States Pow 65. 12 Pac Gas& El5s.... 11 Pac T & T 18t 58 PacT&T 852, ‘Pan-Amer Pete 63. Peoples Gas b3 Phila Co 5%2838... Phila Corf 6sA. .. Phila & RAC& 165 12 PiercesArrow 88 2 Public Service 6s.. 12 Pub Serv Elec 65... 6 PgervGas51:859. 2 PServGasblas6t. 5 Punta Alegre7s... 1 Remingtn Arms 6s. 16 Rep Iron & Steel 55 2 Saks & Co st 7 5 Sinclair Ol 6s. ....414 Sinclair Ol 7s. ... 12 Sin Crude Oil 6s... 18 Sin Pipe Line 5s... 16 Skelly Oil 6%48.. ... 68 104 1015 100 1048, %1y 108 1004 106 — @ = GamTaaloenssnlBonaanae 1364 108 103 SR Southwest Bell As. 31 Sug Kst Odient 73, 3 i 4 1010 10! 2 110's 110% 2 1064 1084 4 105% 105% 4 106 ) Close 23 10023 20 102 20 26 100 28 9 1019 6 1036 11 10118 10 104 10 ° 8 108 16 108 10 108 10M | West Elec 5s. ow. Close. 8 984 8% 98 98% 95% 98% 98 98 101% 101% 9314 98% 1007 160% 9% 97% 100 100 84 84% 91 9t 911 94% 107% 108% 106% 107 995 99% fi's 8% v 94 103'2 104 101% 101'% 10415 104% 1024 102% 100% 100% 109 109 Al Al 101 101 110% 110% 103% 108% 102 102% 102% 102% 10414 104% 1041 1047 10615 106% a6y 97 89 89l 8914 894 08t 98 1014 101 88 = A% 10312 1024 a7 ATy 07y 98 o7 o7y 9% 9514 R0, 61 047y 964 20 6 95 100% 100% 10015 100°; 101 101 a0t 91 ki s sS4, $B o7r, OTY 1034 104 L1} 6319 R4 LIS 101 101 964 9A1 10415 1041 1% 1% 10074 101 1011 101% 1028, 102 1047 1040 105 105 1025 1021 ad; 95 87 R’7 1 o 1021 10215 104% 104% 104 104 82 97% 700 3005 U 1184 10415 10414 109 109 104 100 1015 101% 10015 1001 1041 104 Sales. High. Low. Close Toledo Edn 15t Ts. . United Drug 6s. S Rub Ist rf 55, US Rub 7%s ; U 8 Steel s £ 55’ Utah Pow & Lt 5s. . Vertientes Sug 7s. . Warner Sug 78 39 Warner Sug 75 41. Westinghouse 7s. . Willys Ov 6138 33. Wilson & Co 1st 8s. Winchester A 7%s Youngstn S & T 68 Atchison adj 4=. Atchison gen 4s. .. Atlantic C L cl 4=, Atlantic ¢ Atl & Dan 1st 1s 48, Atl & Dan 2d 4s 48 B & Ogold 4= B&Ocv4lin. B&Orefbs.. B&O Istsct. B&OG6s..... ... B rfimp 6s B B & O Toledo 4s. .. Bklyn Manhat 6s. . Buft R & Pitt 413+ Canad North 6';s. . Canad North 7. ., Canad Pac deb 45 Car Clinch & O 5% entral Pacific 45 Cent Pac 1s Ches & Ocv 4%s, Ches & O gn 4% Ches & cv bs. Chi& Alton 3155 Chi B & Q &n 45 58 ChiB& Q 1st rf 55 CB& Q- 315¢ CB&Q-1div 4s Chi& ETgn b= Chi Great West 4s CM&StP4s2 €M & St P 4s 25 cf CM&SUPIT4T,8 CM&SIP r 4125 cf14 CM&StPevss CM&SP ev iscfs 14 Chi Rys5s........ Chi RT& P guds ChiRI1&Pif4s ChiTH&SE Chi Union St Chi Union Sta 61,5 Chi & W Ind cn 4% C&WI51;862 CCC&StLbs.. ... CCC & St Lrf6s A Clev Term 5« TES 15t 010 & Sou 4128 Cuba R R fis Cuba R R Cuba N R 6 66 Den & Rio G cn 4s D Rio G West by Erie Ist cons 4s Erte gen 4s Ffic conv 4s A econv 4s B e conv 4= D e Genessee R 8s FlagEc . FlaEC 74 new Gr Trunk sf db 6 Grand Trunk Great North ; Int Rap Tr 5s stpd Int Rap Tran 6s... Int Rap Tran 7s Int & G Nor ad 6s Kan City Ft S 4s. . Kansas City S 3s Kan City 85s. ..., Kan City Term 4s.. Lalke Shore 4s 28, Lake Shore 4= 31, Lehigh Val cn 4= Lehigh Val 5s 2003 47% 103 4T 103% 991, 821 927 994 2% 934 Louis & N unf 4s. Louts & Nash Man Ry 1st 0. Market St 7s 40. Mil EIRY & L 5s. M& St L istrf 4s M St P& SSMen 4s MStP&SSMos38gtd MK&T Istds MK&T4sB MK &T adj . MK&TprinssA. MK&T6sC Mo Pacific gen 4s. Mo Pac 55 1965. . D Mo Pac 6s 55 E. .. Mont Trm ref 5s 41 1037 10374 101 101 5 10744 107 100'c 1004 10070 10014 104 1047 80 80 106 101 101% 931, 984 s 97l4 9714 4 102% 1023 107+ 108 9 94 105% 105% 105 105% 101% 102 116 116 106% 10645 110% 110% 121 121 101 161 102% 102% 102 1027 97 97 104% 104% 924 92 9y a4y, 986 98y, U1 111y 1026, 1028 105% 105% 105 1051 99 994 # 10874 1037% 1005 101 12014 120% 993, 994 98% 98 104 304 964, 968, 1015 101% 1023 103 104 104 4 116' 116% 1054 106 10815 1084 110% 110% 1045 104% 105% 105% 99% 100% 106 106 895, - 993, 10244 10245 101% 101% 106% 1074 101% 101% 101 101 105 108 101% 101% 105 105 1084 103% 107% 107% 106 106 105 105 107 107 86 86 99 99 110% 110% 105 106% %% 96 100% 100%. 90% 90'3 134 1363 New Or Term 4s. .. NOTex & M5sB.. NOT&MS5% N Y Cen gen 3 NY Cent ds 98 N Y Cent deb 45 NYCrfim4tssiz N Y Cent riss N Y Cent LScl 338 NYChi&S(L 5 4. Chi&StL 5138, New Hav deb 45 56. New Havd 4s §7 Jew Haven c 4 8 Y Ont W 1Ist 4s. . v 6565..... \ Y State Ry 415 NY W& Bos41,s. Nor & S gen o 54. orfolk & W cn 4s. Sorthern Pac 3s Northern Pac 4s. . Nor Pac 4138 2047. Corthern Pacr1 6s Ore & Calif 1st & Ore Short L rfs Ore Wash 1st rf 4 Pennsyl con 413s. Pennsyl gen 433, . Pennsyl gen 5s. Pennsyl 5s 64 Pennsyl 615 Pennsyl gold 7 Pere Marq 1st PCC&StL5s A PCC&StL5s B75 Port R L & P 58 42 Reading gen 413, Reading 1 C 48 51 RIATk& L4138, St L IM&S 43 29 St L IM&S R&G ds. StL&SFplisA StL&SFprinb StL&SF5%sD. StL&SFadj6s.. StL&SFinc6 StL&SFpl6sC IStLS W 1stds. StP &k hl. 4% . | StP Un Dep 3s. San A& Arn P ds.. Seaboard A L 4s sts Seab A Liref 4s.. Seab A L adj 5 | Seab A L, con 6 Seab All Fla 6s. Sou Pac 4s 29. Sou Pacific clt Sou Pacific ref 4 Southern Ry gen 4s Sou Ry con bs 94. Sou Ry 6856. ... Southern Ry 6145. . Texas & Pacific 1st Third Averef 4s... Third Ave adj 5s. .. TolStL & W ds.. Tol Tr L&P 5165 30 Undon Pac 1st 4s. Union Pac 4s 27 Union Pac cv 6: Virginia Ry 1st 5, VaRy&Pss..... ‘Wabash 2d 5s. Wabash 5145 75 West Maryland 4s. Western Pacific 55. West Shore 1st 4s. 7 108% 2 105% 23 94% 1 108% 16 107% 8 97% 6 97% .39 8% 10 91% . 10 102% 7 105% 5 102% 5 100 1 1034% 28 108% RAILROAD. 3 35 1 1 1 8 1 25 T 49 14 12 82 5 a1 15 1 16 10 90. 146 137" 146 @ ’ 108% 105 94 108'% 107 9% 8 4 100% | 105 4 1025 ns 107y 1033, 103y 4 103y 92 928 107% 111% 116% 104% 6! 9744 90% 8% 9745 231 8t 94 102 96 90 1024 8715 91ig 103% 88% S0l Ny 9% 94l 954 984 90 2% 854% 107 1114 116% 104% 60 50' 89% 98% 94k 994 102% 102% 98% 101% « 10315 1074 107% | Wisconsin Cent 1s. 50 102% 103 975 98% 1Us | Tong Biec Fow-66e._ 5 1054, 1054105 Snow eom;down in the Winter and: Married men are us % 1003 £5% 85 Bear Traders ¥ail To Break Nash Co.| Stock Below $52 By the Associated 1 NEW YORK. May 13 One of | the greatest Stock Exchange battles in recent history was staged on the floor today when bear traders made | an unsuccessful attempt to break the common stock of the Nash Mo ors Co. below $52 a share. Nearly 5,000 shares, ranging from small offerings to a single block of 20,000 shares, were thrown on the market. The offerings were readily absorbed and subsequently the atock rallied to 5512 on the urgent retreat of the disappointed short sellers \WHEAT PRICES WILT ON OUTLOOK OF CROP| Breaking Up o’f Dry Spell Most Important Factor—Corn and Oats Firm. By the Associated Pre: CHICAGO, May 13 Wheat prices took an early downward course today, influenced hy reports of greatly im proved crop conditions Northeast #nd by dearth of demand as well as by weaknesses at Liverpool. The wheat opening here. % off 1o 3 up, was followed by a decline of about 2 cents in some cases. Corn and oats showed firmness, starting about and later scoring slight gains. visions were variable. According to one trade authority, the most important present factor in the wheat market is the breaking of the dry spell in the Spring crop area. hoth north and south of the Canadian line. This has given the crops in that section a much more favorable start than has recently appeared probable. The result may be to overcome what looked like serious dan ing later from heat and rust. An opposite view derived from an other responsible source is that moisture velief for Spring wheat has heen inadequate. and that any return of high temperatures with the present =oil sitnation will cause rapid and per manent crop impairment. This ap- plies especially in North and South i Dakota. Numerous traders in corn and oats | were acting today on an opinion that all bearish factors had been well dis- counted, notably the liberal stocks of corn in terminal elevators. On the ‘other hand, the weather has improved for farm work. and planting opera tions are well under way. In the provision market the fact that lard prices have made substan. tial gains of late had an influence to. day tov ng # good deal of selling to anticipate a possi W Mav Juls Sent CORN— Mas July Sept told) CHICAGO LIVE STOCK MARKET CHICAGO. May 13 (United States Department of Agricuiture).—Hogs. | Receipts 000 head: steadv to 10 higher: mostly strong: medium and heavy weight butchers show advance: big packers inactive: bulk 240 to 300 pound butchers: 13.10a13.45: majority 1of good and choice 200 to pound unchanged { Pro- | threaten i DEALINGS LIVELY ONEXCHANGE HERE Bank Stocks Active—Capital Traction Loses 3-8 of Point Today. BY EDWARD C. STONE. Trading was unusually interesting on the Wachington Stock Exchange today, when both stocks and hond vere very active. Capital Tractior stock, which jumped into light vesterday. lost three-eighths of « point today when 59 more shares wers sold at 103%,. Columbia Title Insur ance Co. stock was the most heavils traded in, 275 shares changing hand< in three transactions at § Bank stocks drew special atgention with the American Security and Tru Co. leading the market on a turnover of 70 shares. This stock opened ai 385, dropped to 3547;. went back 1« 385 and closed at 3817%. Riggs Na tional Bank stock opened at $54% and closed at 454%,. the day’s turnover be ing but 10 shares. Five shar venth Street Savings Bank came out at 223; 10 shares of chants Bank and Trust Co. soid at 153. and 10 shares of Continenta Trust sold at p Washinglon Railwav and Electric preferred sold at 91. while Merchan« Transfer and Storage common brought 1141z, and the preferred of the same company registered another sale 9935, Capital Traction bs opened tie bond market at par. Potomae Electri consolidated came out at 100% Washington Gas s were pri 100% and the 6s ai 102, Wasl Railway and Electric i< stood at & Bank Occupies Additional Spacs The real estate department o Merchants Bank & Trust Co. for business today in the new qua ters the bank Las added to its pres ent facilities in the Southern Buliding at Fifteenth and H streets. The bank « program of expansion brought a4 de | mand for additional space and store next to the bank on the H stree;, side was taken over the new office has { the main bank and the lime An entrance to been made from there is also i enirance from the street and another from the main corvidor of the b ing The move available in makes additional the main lobby o bank and this will he used for booths in connection with the deposit department. The changes are a decided improvement in every wa | Institute Ends Splendid Year Final examinations have brought the vear's work of the local chapier American Institute of Banking P successful close. The vear has hee the most profitable on record. a courses were offered and more devoted to class work. The me of the faculty deserve great ! for the efforts thev have : All are men of wide experience, the list including Elioi H. Thomson, Ra mond B. Dickex J. Donahue, W | liam Deviny. William Buchanon i Dale Carnezie and Fernand P express deep satisfa ! manner n { hold of theiy amount of effort dem by the institute Tao the insti mitiee also belongs mu the vear's proj is headed b { man: Joseph D man. and Miss Florence M wh we ess. This commit Hunton L Yerkes, vice Witle averages, 13.50a13 esirable 0: better killing pi heavy-weight hogs, 12.50a : medium, 13.10a13.75: light, 12.85 light-light, 13.00a14.10. packing 12.00a12.50; slaughter pigs, 13.50 X ted o5y, | Cattle—Receipts. 12,000 head Jog.. Steer trade less active than early; 651, | mostly steady: she-stock sharing slow- $§5'%| ness: mostiy 10 to 15 lower: canners 3 land cutters off most; stockers and 9544 tesders scarce. firm;’ top matured ;fl steers, 10.25; choice yearling steers % | practically absent; load of light heif- 99 |ers, 9.75; several strings at 9.50a9.65 87% | bulls mostly 25 lower; few heavy Hol. 84's | steins above 6.65; vealers around 25 92% | higher: bulk to packers, 9.25a9.50; out- 101's § siders upward to 13 103% | Sheep—Receipts, 14.000 head: open 7l ling sales on California lambs and vear- 98% ! lings steady: nothing done on fat 1064 | clipped lambs: no wool lambs here; 106'4 | thiee cars good to choice California 4 | Springers. 16.50; around 1.25 out: four 4| cars at same price with a smaller sort: clipped _California lambs and 1054 ; vearlings. 13.75° average 96 pounds: 8074 | few strictly choice handy-weight Cali 9%, | fornia ewes without fleece. 5.75: 9k ' |steadv: wool ewes and heavy clipped 97 |ewes mostly 30 lower: odd lots of fat 1055 | wool ewes. 7.30a8.25° choice heavy 783 | clipped ewes. .50 2 101 | =l i GRAIN AND PRODUCE. 164 | BALTIMORE, May 13 (Special).— White potatoes, 100 pounds, 2.00a4.50; new potatotes, barerl, 4.00a10.50; as- paragus. dozen. 1.25a3.30; beans, bushbel 3.50a5.00; beets 100, 9.00a10.00; cabbage, hamper, sweet potatoes. barvel, a7 ms, bar- rel. 0a6.00: carrots, 100. 5.00a7.00; celery, crate, 2.00a5.00; kale, Bushel, 50a85: Lettuce, basket, 143.00; pep- crate, 3.50a7.00; peas, hamper, 0: onions, Bermuda, crate, 2.00 tomatoes. crate, 4.00a7.00: rhu- barb, 100, 2.00a4.00; radishes, 100; 2.00 a3.00; spinach. bushel, ; squash, bushel, 4.00a6.00; i pineapples, strawberries. quart, North Carolina, 75a1.50 15 | oranges. crate, 3. Virginia, 18a271s. Selling Prices at Noon. Wheat—No. 2 red Winter, domestic, no quotations ter, gar- licky, 1.6813. n—Cob. new, spot, 3.75 per bar- to delivery; domestic, yellow, 79 per bushel: exports, ed: No. 3, 74%. . 2, 5113 No. 3, new, 5015. Rye—Nearby. new, 90a%: No. 3. spot. no quotations. Hay—Receipts, 24 tons. On the bet- ter grades of timothy, light clover, mixed and No. 1 clover hay the mar- ket is steady. with a fair demand for and no surplus of the bet- iptions offering. Medium and low grade hay in ample supply and lower grades of clover mixed and No. 2 clover hard to move. Quotations. per ton, today: No.-2 timothy, 24a24.50; No. 3 timothy, 21.00a22.00; No. 1 light clover mixed, 23.00a23.50; No. 2 light clover mixed, 20.00a21.00: No. 1 clover mixed, 23.00; 23.00a23.50; No. 2 clover, 94w 9bie 8% 90 3241 No. 1 clover. 107% 18.00a20.00. 15| Straw—Xo. 1 wheat, 13.50214.00, 1164 Tae et 1044 - DATRY PRODUCTS. 604 BALTIMORE, May 13 (Special).— 89% | Live poultry—Spring chickens, pound. 984 | 40a45. Leghorns, 35a45: old hens, 34 94% | a35: Leghorns, 32: old roosters, 20; 994% | ducks, 18a26; pigeons, pair, 40; guinea 102% | fowls, each, 75a85; old, 40a50. 1020 | Eggs—Receipts. 1.283 cases: native 98% | and nearby firsts, dozen, offered at 101% | 28a2815. 103% Butter—Good to fancy creamery. T1' | 39a421%: prints, 417:a43%;: ladles, 33 100% | a34: store packed. 28a29: dairy printe, 86y | 28ad2: process butter, 36a37: rolls, 28 85 |a42. g ally. great in- * ~ventors—of excusesa | secretar; members heinz Francis G. Addison, jr.. Charies 1) Boyer, Miss Grace M. Bromley. H { W. Burnside. James «*. Duii ! | F. B. Goldney. Edward J. MeQuade | James M. Mason, worth Mover | Mrs. Laila M. Sloat. William G. Wis | stead. D. E. Wisecarver and M | dred ¢.” Weodcock i Senator Organizes Land Bank Under the leadership of Senator seph T. Robinson, complete org: tion of the Southwest Joint Stoc Bank at Little Rock, Ark., has heers effected. according to an announce ment by M. F. Dickinson. presid It is expected that C. F. Childs & will make a public offering snon of first issue of bonds of the new i tution ‘The bank. chartered by the Federa Farm Lean Board. proposes ta pro vide additional credit facilities for farmers in the territory served hy the institution Mr. Dickinson, before accepti presidency of the bank. was. s sively. appraiser. director and ireas. urer of the Federal Land Bank of Louis. Senator Robinson is chairman {of the board i Golf Tournaments Announced. The chairman of the bankers' con vention s committee. Charles I . jr.. states that the W. B. Hibha jcup will be offered as usual for the {18 holes medal play handicap. The iHPrh!lL T. Shannon cup also will he offered this vear. The Hibbs cup was won last vear by Clyde B. Asher and the Shannon cup by Harry \ Fleming. The cup offered by Lan P. McLachlen again will arouse great interest this vear. In the pulting contest planned for the wives and daughters of the bankers, the usual cup offered by John Poole will be the prize for extra skill An effori i« being made to add some more cups this year in order to make the golf features of the convention even mare interesting than ever. Big Exit of Insurance Azents. About 300 Washington insurance agents left this city this forenoon for Baltimore to attend the Maryland-Dis trict of Columbia life insurance sales congress being held in the Monument City this afternoon and evening. It was expected that about 2,000 unde: writars would be present Gov Ritchie was on the list of speakers Other Financial Notes. Continued industrial activity in the West and Middle West is reflected in the electric output of subsic the North American Co. for the week ended May 6, which exceeded 88,000 000 kilowatt hours, an increase of 12.73 per cent over the correspondingz | period last vear. Bank Directors in Luck. Howard R. Norton, Henry T. Offter dinger. George C. Pumphrey ai Peter Latterner. all directors i Lincoln National Bank. have jt turned from a fishing trip to Wicka preague. on the Eastern shore oi Vir ginla. These Washington men declare it is the finest place to fish in the world. They insist that they caught 45 fish in one day. During their week = visit they made such a haul that they say it would be useless for any one else to fish in the same watera. Southern Dairies Report Out. Southern Dairies Inc.. reports to the New York Stock Exchange earnings of $68.121 during the last fiscal vear. after depreclation, interest, and Fed eral taxes. A sag in_the building boom is re ported by Bradstreet for April in all sections except the South. The South- ern cities show a gain in April com pared with the corresponding month last yvear of 10 per cent. Most of this increase is traceable to continued large totals reported from leading Florida cities and from Houston, Tex. . ries o Tha official flag of the City of Ton- Aon shows on a white hackgronnd the red evoss of St. George and below it * a 'beam of ‘wavy blue.