Evening Star Newspaper, May 15, 1926, Page 30

30 * SHUNGRENEVED N MOTOR HARES Steel Stocks Weaker Today. Crude Oil Advance Has Little Effect. BY STUART P. WE Spadal Dispatch to The Star. NEW YORK, May pressure against the shares was the feature on the Stock Exchange today. It further axpression of disappointmen over the General Motors extra dividend Comparing today's prices for motor group with the top of . thare were some extraordinary ferences. Hudson Motor, which was very weak agatn. points from the high of fou ago. Jordan Motor, which 15, — Acti automobile was a the lanuary was off over 65 - months 26 today. more than proportion and was off points, and m dnwn the list No more complete cancellation of the result of the hig specuiation cam probably ever been seen n nited States Steel com mon dropped below 120. Bethlehem ! Steel was slizhtly lower. Baldwin T.o comotive. with the support of short Interest in a narrow market, somewhat harder. Azain there appear- ed evidence of special aperations in Colorado Fuel. It did :elatively bet ter than any other member of the steel group. American Locomotive ran up & point There was another piece of good news entering the ofl situation and Iike ail the rest. it had no effect. Re noris of an advance of 25 cents in midcontinent crude oil should, under ardinary civcumstances. have led toa lot of fresh buving in the ofl stocks 1t has no such result today. Stand ard of New Jersey. Sinclair, Phillips Petroleum. General Petroleum and Marland scarcely varied more than a fraction. If anvthing they were in- clined<to g0 down. Virginia Iron, Coal and Coke broke & points on the failura of the recent rumors of a change of contrel to be substantiated Rallway stocks were ldle. The steel s the last hour U Markets at a Glance NEW YORK (P)—Stocks, heavy; motor shares again under pressure. Bonds. irregular: United Kingdom fssues strengthened Foreizn exchanges, ling reached par. Cotton, lower; clear weather South- wesi. Sugar, featureless Coffee. higher; European huving CHICAGO.—Wheat firm: dry weath er Northwest. Cora steady: decreas- ing stocks. Cattle firm. Hogs steady. FOREIGN EXCHANGE. (Quotations furnishad_hv \¥. B _Hibbs & Co ) Bt Nominal Selling checks rold value. _ today S48065 $4.80% steady: ster- Djarue. crown. . ‘arsaw. zloty b:renhuen. crown. o, crown. 5en tockholm., cr NEW YORK, May 15 (#).—Foreign exchanges steady; quotations (in cents): Great Britain — Demand, 486 3.16; cables, 456%; 60-day bills on hank: 482 3.16. France—Demand, 3 cables, 3.02 Italy—Demand, 3. 3.03; cables, 3.5515. Demand—Belgium. 23.80: Holland, 40.22;: Norway Sweden, 26.75; Denmark, 2 zerland, 19.3: Spain, 14.45; Greece, 1.26; Poland, 9.00: Czechoslovakia, 2.96; Jugoslavia, 1.761,: Austria, 14.125; Rumania, .38; Argentina, 40.18%: Rrazil. 14.6215; Tokio. 47.00; Shanghai, 72.371%: Montreal, 100.083,. FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Bid Asked. Yield 2 Germany, 21.66; : Swit- sesnmsmsnnn Sioisiommmm2:d! © Z30SreenaaS SHORT-TERM SECURITIES. (Onntations furnished by Redmond & Co.) Adirond. P & L. C 19 Alum. Co. of Amer. 7 19: Amer’ Beet Sugar 6s' 1931 Am. Tel & Tel. Co. ds 19° Anaconda Copper Gg 197 skociated Oil s 1935 altimore & Ohio Bs 1929 235 5 ethiehem Steel 5s 1836 ntral of Georgia 6s 1920 Thi Ml & St. Paul 6s 1934 Chil R T & Pac Blas 1928 ity of Lyon s 1934 Columb. G & E rontinentai G. & @011 Oil Cor. Pa. Humble Ol M. 8P &S n Par R noris & Co New Vork Ce regon Short Prona. R, R Simelair €, O3 2T & Co. By Tnion Oil of Cal Tinign Pac. R. B C. 4 178" Rubber 7i4e Western Union 4 westinghouse E.& TBEASI&RY CERTIFICATES. (Quotations furnished Ly Redmond & Co.) lose. FER FERR S SnSrer3cn50355suonscxss52o5000 R S R i SR RBS RS RRR3RRERe3E2353 R Bia 100318 99 31-32 29 31-32 o CHICAGO STOCK MARKET. CHICAGO, May 15.—Following is a repdrt of today's sales, high, low and closing quotations at the Chicago Stock Exchange: L mfl Am States A wi . 000 Am States B wi. 0 Am_ States w 1500 Armour A 1200 Auburn Motor 300 Balaban & Katz Uzfl Borg & Beck. T-ggr.(lhn‘ Sons.. . 30 B Broa 5 Cen CUY Del wi 20Cent III P S pfd. B5Cent S O W fild 54 oot et Tl mona i F B8 Eontmental Mot 200 Elec Household 50 Gossard H W. . 7 Grief Bros. High. - eCERES S ¥ o AU BBD S DGR 833! 2 = 3 tow Warner nion Car & O TS e e e O Autn wi o 00 I PO BB R e R BAE S {5t N FINANCIAL, | | ar- | ouched ! | Belding Bros(3) | Del L & Wn (17) ! Elec Power & Lt THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Ofice ! Low. Close. 109 109 | 206 20% 30% 30% 1 1% 24 2 36% 8B% 894 89 304 304 8% | 8% 614 5% | 57% | 56% 21% 21% | 615 | 374 | 24 < 53% | 4% 5 | 60% 25% 146% " 18% 2% 61 119 Open. 110% 20 304% % 2% 854 593 30% 78% 757 60t 21% 6 8Tl 244 4 531y a1y 75 60% . 251 14615 18% 2% 61 . 121% Open. High. Y.ow Adv. Rumley.... 10 10 10 Ad Rumley pf(3) 481 48'% 48k | Ahumada (+1).. 8% 8h 84 | Aiax Rubber. . 8% 8K 8% Alaska Junea ve 1% 1% Alifed Chem (4). 12% 111% Amerada (40)... 24% 4% “Am Aeri Chpf.. 5714 56% Am Reat Sngar 24 24 Am Bosch...... 167 Bl6% Am Br Bov El(2) 34% 3% 43% 42% 24% 24% 5% b% 110 May Dept St (5) Maytag Co (2).. Mid-Continent Middle States. . . Minn & St Louis. Mis Kan & Tex. . Mo K & T pf (6). Missour! Pacific. Missouri Pac pf. Montana Pow (5) Montgom Ward . Moon Mot (3)... Mothr Lode(75¢) | Motor Met (3.60) Motor Whi (2) Murray Bod) Motors. ... at Cash Reg(3) Am Chain A (2). | Am Drug { Am Express () Am & For Por Am Hide & Lea. Am Hide & I pf. Amce (110)... Am Linseed Am Loco. . 2 Am Po&Lt (g1). | Am Radiator (4) Am Safety R (3) Am Ship & Com. A\m Sm & Ref (7) 115% Am S & Rpf(7) 116W m StIFdys (3). 404 { Am Sugar (5)... 6% | Am Sugar pf (7) 1024 | Am Tel & Tel(9). 1487 Am Tobacco (8). 118% Am Tobac B (8). Am Zine pf Anaconda (3)... Armour Tl A (2) 1 Armour 111 (B) Armonr Il pf (7 Arnold Con (n). Dry G(21) i Atchison (7). | Atcht<on pf (5). | At Birm & At At1C Line(+915) { AU GUIt&WI pf. Atlantic Austin-N Austin Baldwin L (7). Balto & Ohio(5). Bang & Ar (3) Barnsdall A (2). Nat Ry Mex 2d.. t Supply (4). Nat Tea (4). evada Cop (1). ¥ Air Brake(2) Y Air BrA (4) Y Cannera(c2) Y Central (7). Y NH & Hart.. On & West .. NY Rys part cfs Norfk & Wn (18) North A (B3.40). North Am pf(3). NthAm Ed pf(7) orth Pac (5) Norwalk (1.60).. Omnibus Orpheum Cir(2) Otig Stee! PacOll (3)..... Packard Mot (2) Paige Mot (1.80} n-Am (6).... Pan-Am B (6) Pan.AmWnB(2) Panhandle Pathe Ex (¢3).. Penick & Ford . Pennsy R R (3). Penn-Seab Steel. PhilaCo (4).... Phila& RC&I. Philip Morris. .. Phillips Pet (3). Pierce-Arrow. .. Plerce-Arrow pf. PierceOll. ... Pierce Petrolm. . Pitts Coal....... Pitts Coal pf PitU pfctntl.20 Pitts Ut pf 1.20. Postum (4.40) Pub Ser N J (5) Pub SE&G pf(8) Pullman Co (8). Purs O1l (1) Pure Olipf (8).. Radio Corpof A. Ray Cons Cop (1 Reading (4). Remington Type Replogle Stee! Rep Iron & Steesl Reynolds Spng: Robt Rels & Co. . Royal D(a1.339) StIL & SanFr (7) StIL&SanF pf(6) St 1. Southwest, Seaboard Air L, Seabd Alr L pf.. Seagrave (1.20). Sears-Rn (213). Shattuck F G(2) ShellT&Tas6 e, Shell Ur (1.40).. Shubert Theatrs Simmons(+2.25). Simms Pt (1).. Sinclair Oil. Skelly O11 (2) Sloss Sheff (6). . Sou Dairies A(4) Sou Dairies B... 301 South Pac (§) 997 Southern Ry (7). 109 Std Gas & El (3) 58% Std G & Elpf4) 56 Std Ol Cal (2).. B53% Std OilCaln (2). 68% StdONNJ (1).. 44% Std Plate Glass. 6% Sterling Prod(5) 77% Stewart War (8) 70 Stromberg (8)... 62 Studebaker (5).. 49 Submarine Boat. 24 Superior Oll. 24 Symington. L 8% ‘Tenn Copper (1) 114 Texas Co (3). 50% Tex Gulf 8 (10). 132% Tex & Pacific... 53 Tex&PacC& O 13% The Falr (2.40). Third Avenue. Timken (14). . Tobac Prod (7). Transcont Oil. .. Underwood (4) Un Carblde (5) Tnof (). ..... Un Pacific (10). Utd Alloy (2). Utd Drug (8) United Fruit (4) Utd Ry Invest. . Utd Ry Inves pf. USCIPpt (7). U 8 Distributing U S Express. ... US Hoffman 3§ 17 8 Ind Alcohol. U S Realty (4 U S Rubber. . U S Rub st (3). U SSmelt (3%4). 87% U S Steel (7)... 120% U S Steel pf (7). 127% Utll PAL A (2). 30% Va Iron Coal & C 43 Va Ir C&C pf(3).. 6 Vivaudou. 30% Wabash........ 838% Wabash pf A(6). 70% Waldorf (1%).. 19% Walworth (1.80) 15% Ward Baking B.. 26/% WPennElA (7) 91% ‘West PPo pf(7) 109 West Maryland. 11% West Md 2d pf.. 17% t Pacific. 35 Union (8). 189% West A B(17%). 110% stinghse (4). 674 ‘Wheel & L Erie. 204 White Eagle (2) 26% White Mot (4).. 52% White Rock (2). 264 Willys-Overland 19 Willys Od pf (7). 94% Wilson A (new). 16% ‘WoolwthFW (15) 141% Yel T&C(76c)... 22% Youngstown (4) 69% 89% 694 iven in the above et ol Syt e o e lstest quarterly or half yearly declacations. nless otherwise noted. extrs or special divi- Bala i ";5’;‘:-“%}; regular rate. b or optional fn stock: Partiy stock. “{Partly i Bt e ol " 47 15 NO5< SaTanle 144 o “auarierty. s - NEW POOL OPERATED. NEW YORK, May 15 (Special).—Sin- olair Ofl and Gas Co. is opening a new pool near Seminole City, Okla., one and onehalf miles northeast of Indian Territory Illuminating Oil Co. pool, which is sald to be making seven barrels of oil an hour from a depth of 3,456 to 3,487 feet. FISHER BODY MEETING. NEW YORK, May 15 (#).—A spe- cial meeting of stockholders of Fisher Body Corporation has been called for June 3 to act on the proposal of Gen- eral Motors Corporation to acquire its assets. The directors have accepted the proposal. RUBBER DROPS. NEW YORK, May 15.—Crude rub- ber, smoked ribbed sheets, was quot- ed at 471 at noon teday. This com- with 4814 vesterday, 46%% a month ago and 61 a year age. . 16 8% 1% 33 14% 62% 66 38 19% 48 20% 514 - 3% 37% 19% 101'% 86'a 40 25 S14 8814 100 25% 26 64 8214 3% 30 134% 36 86 Bethlehem Steel. Beth St! pf (7). Botany A (4). ... Briggs Mfg (3).. BKIn-Mn Tr (4). Bk-Man T pf(6). BKIn Un G(t11). Brown Shoe (2). Burns Bro (10).. Burns Br B (2). Bur Add Ma (3). Bush Terminal. . Bush Ter de (7). Butte&Super(2) 19% 83% P 3% 824 Calif Packing(8) Calif Petrol(2).. Can Pacific (10). Cent Leather. .. Cent Leather pf. Cerre De P (4).. Certain-T 24 (7). Chand-Cleve.. .. Chand-Cle pf(4). Ches & Oh (112). Chi & Alten pf.. Chi & East Il pf i Mil& StP. . C Mi] & St P ctts Chi Mil & St P pt Chi & Nwn (4).. Chi Pneu T (8).. ChiRI& Pac... Chile Cop (233) . Chrysler Corp(3) Chrysler pfA(8) Col Fuel & Iron.. Col Gax & El (5) Col Carbon (4).. Com Solv A (4). Com Solv B... Congoleum. Consol Distribut Consol Gas (5) .. Consol Textile. . Cont Can (16) Cont Mot (80c) | Corn Prod (2) Corn Prod pf(7). Cructble Stl (5). Cuba Cane Su pf. CubaCo (4)..... Cuban-Am 8 (2). Cuban Domin. .. Cuban Dom pf.. Cudahy Pkg (7). Davison Chem. . Del & Hud (9).. 208 118% | a5% % 30 99% 109% ‘¢ b3 56 54 b53% 43% 61y 7% 68% 62 5% 2% 2% 81 1% 50% 132% b2 13% 29 36 49 97% 34 532 80% prin 147 28 139 104% 26% 854 108 53 31 Bi% aam 58% 53% 104 374 119% 128 30% 40 Kt 30 384 0% 19% 14% 26% s 109 11% 17% 85 189% 110 67 20% 26% 51% 26'% 19 93% 16% 140% 225 224% 19% 83 35% 157% 138% 129 23% 80% 36% 157% 183% 129 23% . 80% . 207 208 Detroit Ed (8). . Dodge Bros Cl1 A Dodge pf (7) Dupont (10).. . Dupont deb (6) .. 102's 1024 Dugquesne pf (7). 113% 118% Eastman (18)... 110% 110% Eaton Axle (3).. 25% 25% Eisenlohr & Bro. 12% 124 El Auto Lt(i6% 63% 63% 18 18 93 93 64% 64%% T6% T6% 1% 1% 31% 314 37% 3% 16% 16% 48% 48% 122% 122% 29% 29W 324 82% 81 81 16% 16% 9% T9% 405 407 U % 31 3 334 334 . 8% 63% . 102 102 310% 311 11% 11% 126 126 1164 116% 281 284 61's 61% T 504 504 107 107 434 43% a4 39% 39% 103% 108% B 19% 19% 10% 10% 65 6% 625 62% 27% 2% 54 B4 58, B8 31% 824 36%- 37% 61% 61% 19% 19% 24% 24% 93 9% a7 37 22% 22% 43% 43% 144 14% 2% 42% 4“4 114% 114% 120 120 8 8 35 36 34 46% 46% 90 80 1304 139% 19 119 27 27 38% 38% © 35 35 13% 184% 20 90 52% 52% 45% 46% 1814 18% 19% 20 19% 9% 9% 79% 1264 1261 126% 864 36% 36% 14% 14% 1d% 23% 24 28% 25% 25% 28% 109 109% 107% 91 91 91 69% 69% 694 52% B2% b52% 32% 238 82% 22 22 1% 6% B7 6% 28% 20W. 28% ' Elec P& L pf(7) Elec Refrig(f2). Elec Sto Bat(16) Emmerson Brat. Erie R R. Erfe 1stpf...... mxchange (1%4). Fairbanks (3)... Famous Pl (8).. FedLight(*1.40) First Nat 8(1%) Fisher Body (5). Fisk Rubber. ... FiskR 18 pf 8(7 Flelschman(3). . Foundation (8) Freeport-Texas. Gabriel Sn(13%) Gen Asphalt Gen Asph pf Gen Elec (c8).. . Gen Elec sp(60c) Gen Motors (118) Gen Mot pf (7).. Gen Outdr Adv.. Gen Petrm (3) .. GenRySIg(t4%) Gimbel Bros. ... Gimbel Br pf (7) Gold Dust Goodrich Ru (4) Gothm S H (2%) Gotham pf (7). . Grt North pt (5) Gt Nor Ore (1%) Green Canan.... Guantanamo. .. . Gulf States 8 () Hartman (2%).. Homestake (17). Houston Oil. Howe Sound 5 HudsonMan(2%1 Hudson Mot (3). Hupp Mot (1)... Indep Ofl (1).... Indian Refining. Inland St (2%).. Inspiration (2).. Interurb Rap Tr. Intconti Rub(1). Int Bus Ma (3).. Int Com Eng (2) Int Harvstr(6). . Inter Har pf (7). Int Mer Marine.. Int Mer Mar pf.. Int Nickel (2) Int Paper....... int Paper pf (7). Int Shoe (6).... Int Tel & Tel (8) Jordon Mot (3).. Kan City South. Kayser J (3) Keily-Spring Keisey Whi (8). Kennecott (4) Kresge SS(1.20). Kresge Dept §.. Lago Oll & Tran. Lig& M B (14) Lig&Mpf (7).. Loew's Ino (3).. Louistana Oil. .. LouisGasA(1.76) Mclntyre P (1).. Mack Trucks (8) Macy HR& Co.. | Man EI Bup(4%) Man El gtd (d6). Mantia Elee (2). Maracaibo Ofl. .. Marland Oil (4). Marlin Rock (3). 284 139 104% 26% 85% 108 653% 3% 61% 48% 55% 54 104 103 63 3% b1% 48% bbk% 52% 104 374 119% 127% 30% 40 3 30 38% 70% 18% 18% 26% W 91% 109 11% 17% 35 180% 110 67 20% 26% b1% 26l 18% 98% 16% 140% 38% 35 12% 88 52% 45 18% | British Pound Sells in New York at STAR., WASHINGTON POLISHBONDS SAG | ON LIGHT SELLING General Investment List Is Firm, But Quiet—O0ils Are Strong. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 15.—First selling of Polish bonds featured the trading today in the bond market. Both Polish 8s and Polish 6s dipped to new lows. The declines were registered, however, undera comparatively small volume of offerings and there was no evidence of any sympathetic re. action in the obligations of other cen- tral European countries. French and Italian issues were still heavy, but that was due to other causes. French Cities 6s got down be. low 85, or lower than at any time this week. | The Warner Sugar issues, which had such a severe break yesterday, sold around the record lows, although for most of the time there was sup- port at this level. Punta Alegre 7s advanced a point, standing out as a strong issue in the group. There was also & runup to a record high in Cen tral Steel §s, an ordinarily inactive bond | Among the oils the leader was Gen- eral Petroleum’s 58, which also reach. ed a new high price at par. Buying was evidently founded on the idea that this hond I8 now in effect an obliga- tion of the Standard Oil Co. of New York. Today's leader of the specula- tive rails was Chicago Great Western 4s. Missourl Pacific General 4s held steady, around their new high, made late Friday. The general investment domestic list was firm, but quiet. Among Gov- ernment bonds, Treasury 3%s and Liberty fourth 41%s sold just below their record high point. In the rail way group Louisville and Nuh\-me| 4138 were strong. | STERLING EXCHANGE RETURNS TO PARITY Gold Value for First Time Since 1914. | By the Associsted Press. NEW YORK. May 15.—Sterling ex- change sold at gold parity ($4.865) in the New York market today, for the first time since 1914. Cables on London wers quoted at $4.86% soon after the opening, that figure previously having been reached in the London market. 8 While the return of sterling to par. ity was regarded as only a question of time when Great Britain returned to the gold standard last year, the sud- den attainment of the goal came some- what as a surprise to local dealers in foreign exchange 1 In some quarters the rise in ster ling was regarded as an indication of a heavy transfer of funds from Italy. France, Belgium and other countries with depreciated currencies to Eng land and the United States, where the | gold standard is effective. In other quarters the buying was attributed to British government sources as part of a plan to attract gold to that country. French francs sank to a new low record at 3.01!'3 cents, and Belgian francs wers 4 points lower, around 3.01 cents, but Italian lire railied sev- eral points to 3.431; cents. BANK CLEARINGS. Spectal Dispatch to The Star NEW YORK, May 15.—New bank clearings, $1,115,000.000: York bank balances, $98.000.000 York Federal Reserve Bank credits, $84,000,000. ‘WOOL MARKET DULL. Special Dispatch 1o The Star BOSTON, May 15.—The raw wool market closed the week dull, with manufacturers too pessimistic over the goods situation to take more than small lots and these only at conces- slons. Contracting in the West for new clips is slow. CRUDE OIL ADVANCES. | TULSA, Okla., May 15 (#).—The Prairie Oil and Gas Co. today posted a flat 26 cent advance on all grades of crude ofl. The top price was increased to $3.57 for crude testing 52 degrees and above, while the lowest price be- came $1.65 for crude of 27 degrees Baume. Ya TUNNEL CONTRACT LET. Special Dispatch to The Star. SAN FRANCISCO, May 15.—Work on the Duboce tunnel, which will give Jdirect street car service between the business section of San Francisco and the Sunset residence district, will begin immediately. The contract was let for $1.247,592. and the work must be completed within 15 months. . STEEL BARS LOWER. NEW YORK, May 15 (#).—Lower prices for merchant steel bars are re. ported from the Pittsburgh district, a gradual easing off to 1.90 cents to 2 | Argentino 6 | Argentine 6s Oct 59 cents a pound having developed. The market was 2 to 2.10 cents early in the year. DIVIDENDS. Pe- Pas- Stock of riod, Rate. able record Juna 11 June 11 June 1 1 1 Corp. Am_ Locomo A e "bo. B Do. 1sf 5 gnflo AAl'lI i1 o 7 Bot &5 Burmah Ofl. Chest Hill R Fed Mining ol M, Ward Co A Mont Cot itd Do. pf...... Niag ' Shares. . Ogil FI M pf Simma Pete St Gas & EI Do. St _Oil Neb t Ol ‘Ohio n_Cig Sto: Do. June June 0 Mav 29 June 15 @ e 3o “ng June % June Q 1% % June 15 May 251,60 share in stock able in three in- staliments—half on July 28 to stock of rec- ord June 30: one-quarter October. 25 to stock t record September 30.°and last quarter Lurmau‘r.y,h el% 0 stock of record — BOSTON STOCK MARKET. BOSTON, May 15.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Amoske: East Butte .. Edison Eiec lotte, Tsland Creek . T4 Bertar Fitls oy Intern: ited Fruit n Tnitad Shos M Uni Sl#uld & 0 8 igh. Low. Close 54 (] PRt 21 ot 0 @a3n solragast SR e B 3333 nes o B FEF o F Utah Walworth - . Lo SATURDAY., MAY 15, 1926. (e o BONDS T Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales_are in $1.000.) Sales. _Libaks.... Tib 1st 4%4s Lib3d 4%s. Lib 4th 4%« US3%s. .., US 481944, US4yss2. 18 100 27 6 102 22 Lib2d 4%s. {98 100 28 54 101 10 35 1037 110112 61 10411 810813 High. FOREIGN. Sales. High. Argentine 5, Py Ju 59, Argentine 6s A Argentine 6s B Australia Austria7s........ Bank of Chile §14s. Belglum 65 Belgium 63 x Belgium 7s Belglum 7158 Belgium 8. . . Rolivia 8s. . Bordeaux 6s. Bra % Brazil 8« . Canada 55 1931. Canada 5s 1952 Canada 5135 1929 Chile 78 1943 Chile 85 1926 Chile 85 1941. Chile 8s 1946 . Chinese Gov Ry Copenhagen 51;s. . Cuba 5y e Czecho T13s rets Czecho 88 1951. ... Czecho 8s 1952 ct | Panish Munic 8= A . Denmark 6= ‘ D EIn 518 Nov 53 Dutch East I 65 47. El Salvador 85 48 Finland 7s French 7s French 7%s French 8s. .. German7s........ Ger Agr Bank Ts.. Ger Gen Elec 7s... L TR Holland Amer 6155 Hungary 6%s Ttaly 7s... Japanese 4= Japanese 6158 Tergens U M s 47, Lyon 6= Marseille 6s . Mexico 45 04 asntd Mexico 4% 10 asntd Mexico 55 assentad Montevidio Tx Netherlands 65 54 Norway 3% Norway 68 1944 orway 65 1952 Peru 7izs. . Poland 6s 40. Poland 8s Prague 7%s Queensland 7=. Rio de Jan %5 1946 Rio Gr Do Sul 8s. .. Sao Paulo 8s 1936 Sao Paulo 1950. Saxon (PW) T8 Selne 7s42........ Serbs Crot Slo 8s. Soissons 65 Sweden 5148 et Sweden 6&. . . Swiss 5148 1946 Swiss Confed §s. .. Toho Elec Power 78 Tokio 5 T 1td Kingm 5158 29 j Utd Kingm 5%s 37. 62 MISCELLAN 7 Ajax Rubber 8s. | Am Agri Chem 7135 Am Chain s | Am Smit& R 1st 58 11 { Am Sugar ref 6 AmT&Tecltr4s. . AmT&Tcltrbs.. AmT&TSTbn Am T & T deb 533 Am Water Wks 5s. Anaconda 1st 6s. .. Anaconda cv db 7s. Andes Cop s rets. . Armour&Co 4135 rf Armour Del 5% s Atlantic Refin 5s. . Barnsdall 6s ctfs. . Bkiyn Ed 6s B. .. Bell Tel Pa5sC. Beth Steel pm bs. .. Beth Steel 53853 Beth Steel 6s... ... Bush T Bldg 6s 60.. Calif Pete 6. . Chile Copper 6s 32. Col Gas& Elbs. ... Col Gas & El 59 ata. Commonwith P 68 Con Coal Md 1st 5s. ConGas N Y 51as. . Consumers Pow 58. Cuba Canecv 7s. .. Cuba Canecvis... Det Edison ref 6s.. Dodge wi68...... Duq L &P 51849, Duquesne Light 6s. EmpireG & F 7%s. Fisk Rubber 8. ) Goodrich 633 . Good year 85 1931.. Goodyear 55 1941. . Hershey 6l4s...... 1iiinols Bell 1st bs. Tinois Steel 413s. . 1 89 1 oK% 16 98y 99 8% 9814 100% 97% 1 9 11 1 102% 104% 104% 113% 11 924 8§ 3t 1 118% 104% 103% 3 103% 5 101 100% 10415 98 1027 1007 106 9784 1034 105% 99'a 924 93 102} 99% 108 103% 97 93w & 23 11 Int Mer Marine 6s. 120 Int Paper bs 47 Int Paper 6s....... an CP&L bs A 52. Kan G & El 65 52 Kelly-Spring 8s. Lackawa S §s 50. Lorillard (P) 6s. Lorillard (P) 7s.. Loulsv G & E 55 52 Manati Sugar sf 7% Mid-Con 6%s 40 Midvale Steel Montana Pow 5s.. Nat Tube 1st 5s. New Eng Tel bs N Y Edison 63 44 N Y Edison 6%s. .. NYGELH&P6s. N Y Tel 6s 41 N Y Tel 6s 49 North Am Ed 6: Nor Ohio T & L 6: Nor States Pow 5s. Pac Gas & El 5s. PacT&THs562.... -Amer Pete 6s. Pan-Amer Pete 7 ‘Peoples Gas b 5§ Pierce-Arrow 8s... Pierce Oil deb 8s... Public Service 6s. . P Serv Gas 5148 59. P Serv Gas 515 84. Punta Alegre 7s. .. Remingtn Armi Sinclair O11 6s. Sinclair Ofl Sinclair O11 7s. Sin Crude Oil Sin Pipe Line 5s. Skelly Ol1 6%s. So Por Rico Sug 78 Sug Est Odlent 7 ‘Tenn Elec Pow Toledo Edn 1st U S Rub 1st rf 5s.. U S Steel s f §s Utah Pow & Lit 6s. . Vertientes Sug 7=. . ‘Warner Sug 7s 30.. arner Sug 7s ¢1.. ‘West Elec bs...... ‘Westn Union 6%s. . ‘Westinghouse 78 WillysOv 6%s33.. Wilson & Co 18t 6s. ‘Winchester A 7%s. Youngstn S & T 6s. . 16 a1 1 1t = v 10 4 BNS S a®A AN 8 106% 8 1024 3 99% 4 1084 13 103% RAILROAD. Atchison gen ds. ... Atlantic C Licl 4s. . Atlantic C L 1st ¢s. AtlanticCL 7s.. .. At] & Dan 2d 4s 48. B&O gold ds... B&Ocv.d%hs : B&Orefhs.. 8 924 6 2 94 5 108% 1 69% 2 92% 22 967 Low Clowe. 100 23 100 26 102 19 102]22 100 26 100 28 1013 10110 1035 1037 101 12 10112 10611 104 1130 1089 108 13 Low. Clowe. 89 o84 94 98% R4 93 100% 974 84 91 EOUS. 103% 103% 101 100'5 104 93 10274 100% 106% 97l4 103% 106% 9944 106 101% 116 105% 110% 121 101 103 97 93 94% 98% 103 105% 105% 9914 1007 120 99% 9814 1087 964 101% 1043 1025 104 116% 105% 108% 110% 104% 9514 99% 100 101% 106% 106% 101 106 106% 103% 106 106% 1074% 861% 105 90% 9574 100% 90% 138 107% 97 106% 108% % 100% 90% 136 107% 97 105% 108 107 7% 97 65 80% 1024 112% 105% 102% 99% 103 103 92% 107 98 97 664 82 102% 112% 106% 102'% 9944 103% 108 92% 2% M 106% 694 92 967 8K ' | Sales. High. Low. Close. 7 104% 104% 104% . 20 103% 103% 108% 28 108% 108% 108% 15 92 91% 91k 101% 101% 101% B0% 80 80 96 96 96 90% 904 90 856% 88% 1084 108 105% 105% 103% 103% 91% 91% 191% 101% 99 6% i26 67'% 93' 105% 86's 7 684 O 1st5act. O6s.... Orfimp 6s.. OPLEWYV 4s.. B & O SwDiv 5s cfs B & O Toledo 4s. .. Bklyn Manhat 6s. . Buff R & Pitt 4%s. Canad Pac deb 4s. . Car Clinch & O 6s. Centof Ga5%s. . Cent of Ga. 6s. .. Central Pacific 4 Cent Pac 15t is 90. Ches & Ocv 4%a. .. Ches & O gn 4. . ! &cvbs. .. Chi & Alton 3158 .. ChiB & Qgn 4% 58 Chi B& Q 1st rf 55. CB&Q-1113%s Chi&ETgnss. ... Chi Great West 4s. 14; CM&StP4s25cfs OM&SPev4 5 s32cts CM&StPecvbs. CM&SP cv 58 cf. Chi Rys 58. .. ChiR1&Prf Chi Un Sta 4138, .. Chi Union Sta bs. .. Chi Unfon Sta 58 44 Chi & W Ind cn 4=, Clev Term 58 Colo & Sou 4 Cuba N R 65 66 Den & Rio G cn 4s. D & Rio G imp 5s. . D Rio G West bs. Det United 4%s Erie gen 43 conv 4s A Erieconv4sB..... Erie Genesses R 85 Fla B C bs 74 FlaEC 74 new Grand Trunk 7s sreat North § - Great North 5148 Hud & Man ref 5 Hud & Man af 5 111 Central 5138 T1-C-C SIL&NO 5 Int Rap Tr: 5=, Int Rap Tr 58 stpd. Tnt Rap Tran Te Tnt & G Nor ad e Kan City Ft S 4« Kansas City S 3s Kan City Term 4= . T.ake Shore 4= 31, Lehigh Val en 4= Lehigh Val 58 2008 LL&N 41382003, Louls & N§=s B . Louis & Nash §4s. Man Ry 1at 90, Market St Ta 40 MIEIRv&LSs. .. M St P& SSMen by MStP&SSM5838gtd 10 MStP&SSM 6. 5 MK&T 1st 4s. 1 MK & T adj b8 @ Mo Pacific gen 4s. Mo Pac b3 1965 Mo Pac 6s 49 D Mo Pac 63 55 B New Or Term 4s. .. NOTex&Minss NOTex&MisB NOT&M5%s. B& B& B& B& 98% N Y Cengen3t4s N Y Centribs N Y Cent LS el 31, NYC & StL db 4s. NYChI&SIL 51584 . NYChI&StL 5158B. NYC&StLSsA New Havd 4s 67 New Havenc d N Y Rys6s65... N Y Rys6s A 65 NY W & Bos 4141, Norfolk & W en 4s. Northern Pac 3s. .. Northern Pac r | §s Ore & Calif 1at 5 Ore Short L r®s 4« Pennsy! gen 4 '3s Pennsy! &= 64 Pennsyl 6150 Fennsyl gold Ts 1%, | 118% ¢ 100% | 98 9814 5 1024 1s [New Earnings Mark | { September FINANCI Standard Oil Co. Of New Jersey Sets By the Associated Press. NEW YORK, May 13- -Opera tions of the Standard Oil Co. of New Jersey in 1925 produced the largest gross earnings in the com pany’s history—$1,122,682,610—the annual report showed yesterday. and the second largest consolldated net earnings of $111,231,355. Net earnings in 1924 were $81.016,570 Earnings for 1925 were equivalent to 10.45 per cent on the net assets of $1,063,903,806. After payment of dividends on the preferred stock earnings on the common stock were $4.72 a share, compared with $3.30 a share in 1924 WHEAT SCORES GAINS IN TODAY’S DEALINGS Advances on Unfavorable Weather | News and Rise of Sterling. Corn Sympathetic. CHICA favorable crop conditions in parts the northwest, together with the rise of sterling exchange to above par led to an early advance in wheat prices today. Opening 13 off to 13 up. wheat soon scored moderate gen eral gains. Corn and oats sympa-| thized with wheat, corn starting at 1% decline to 5% advance and later as-| cending all around. Provisions were | firmer. Severe injury from high winds was reported as having been suffered hy | wheat between Fargo. N. D.. and White Rock, in the Red River Valley at least 50 per cent of the acreage having been damaged. Many fields were reported as likely fo be ahan- doned and planted to corn. Furthec | advices said other sections display much less henefit from rains than hadl been looked for and that in parts of South Dakota the wheat crop &hows ¥ thin stand. High 801, 5 4 £ o3 1 ] 1 July . p September | CORN — Mav July Sentembar OATS Mas July G amon 525 232 RYE— May July September »y 2 CHICAGO LIVE STOCK MARKET CHICAGO, May 15 (United States Department of Agriculture).—Hogs— Receipts, 2,000 head; slow: 10 to 25 higher: few lighter weights scored full advance: bulk 240 to 300 pound butchers, 13.35a13.75: mafority desir- able 200 to 225 pound averages, 13.85a 14.15: hetter 180 pounds down largely 14.15a14.35. top on 150 pounds. 14.40: packing sows. mostly a12.60: odd lots of slaughter pigs, 14.00a14.25 shippere. 1,000: estimated holdover. 1.000: heavyweight hogs, 13.10a13.75: | medium, 13.50a14.25: light, 13.25a14.40 light light, 12.40a14.40: packing sows 12.25a12 slaughter pigs, 14.00a 14 50, Cattle—Receipts. 5000 head: com pared week ago, fat steers after ad- vancing 25 cents slumped. most early advances on matured steers heing erased; vearlings. 10 cents to 15 cents | higher, light vearlings heifers sharirg | advance; other classes of she stock fully ts lower: bulls, 15 cents to 25 down: vealers mosily 1.00 high . supply reduction and better dis tribution featured general steer trade: 107% 87% 102 Pere Mar Int 43 56. PCC&StL5s A RIArk& L 41 St LIM&S 4529 .. StL&SFpldsA.. St L&SFprinss. StL&SF5%xD.. St 1, & S F adj 6=.. 137 StL&SFinchs. .. 14 SanA&ArnPds.. | Seab A L ref 4s Seab A T.adj & Seab A I, cor 6s. . Seab All Fla 6s. . SouPacds20.. ... Sou Pacific clt 4s. . Sou Pacific ref 4s. . Southern Ry gen 48 Sou Ry con 58 94 Southern Ry 618 Term Asso S L 4s.. Third Averef 4s. Third Ave adf 6 Union Pac 1st 4= Union Pac cv 88 Virginia Ry 1st 58 Va Ry & P 5= Wabash 2d 58 Wabash §34s 75 Western Pacific 5s. Wheel & I, E cn 4s. Wilkes & E 18t 5s. . Wisconsin Cent 4s. 20 8 84 984 904 2% 8644 107% 1164y 87 605 61 | 948 102% 1024 98% 101% 103% 1004 7% 68% 8% 80 4% 1025 1024 98y 1014 103% 1004 87 6874 854 GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks Bid A . 83000 #0000 | 140.00 marks. ) 38.00 Ger Gt (w In) b8 1814-1 Hamburg 418 1919. ... 130,00 glauted in dollars bef itousand | er Gen Elec. re-war 23. Ger Gen Eiec. 4128 1919. .. Berlin 4a pre. s 48 Dre. Hamburg Amer_Line extreme top heavies, 10.35; vearlings. 9 light heifers yearlings, zeable _sprinkling. 1350 to 1.360 pound steers. at 10.00a10.25; light stockers scarce country trade moderately broad: steady to strong. Sheep—Receipts, 2,000 head. for week around 17,000 direct and 173 5 from nearby feeding stations: today's market nominal; receipts mostly di- | rect; compared week ago. fat Tamb: generally steady sheep 1. to 250 lower; supply of California springers increased: sheep on direct billing to packers liberal; week's top prices. old crop wool lambs, 15.75; clipped lambs, 15.25; Calffornia springers. 16.75. Washington Stock Exchange SAL! v Washington Gas Gs '33—$200 at 102 Potomac Electric Power pfd.—4 at 1071 National Bank of Washington—10 at 2 AFTER CALL. Eleetric Cons. Bank Washington—10 at % ational Metropolitan Bank—6 at 403 Merciants’ Bank & Trust Co—10 at 163 Capital Traction—10 at 104 5 at 104 Farmers & Merchants Merchants’ at 99 Mergenthaler Linotype—15 at 1081 BONDS. Bid and Asked Prices. PUBLIC UTILITY Potomae 100 % National 55—%4.000 at of 10 at 104; Bank—10 at 297. Transter: & Storage o256 Bid American Tel. & Telga. 4 981y Amer. Tel. & Telga. 4 138 Amer. Tel. & Tel_otl. tr. s Anacostia & Pot. R. R. bs. Ana. & Pot. guar. fs el C. & P. Telephons by A, be 3s. 3148 & 2 Hamb 3s. 3% T 4 o) North German Lioyd o n Liovd Frankfort a.! Badiache ampnre ARG (Ger Ga Eleo) - Frmmers Seiischare . = o Gellsc cecner Bank. .- . £ 3353 Deutsche Bank lfilml‘l’sdu{ gi‘;‘ an cvaen Chemical. - Auet A E G (Gen B Berliner Handels 313198 192 S B885R0S e G 22omizn00%iz222220225: 83355333357333333333%¢ a Dmimis: 33335 ACES OF BIG BUSINESS. NEW YORK, May 15 ).—The aces of big business: First, United States Steel, with gross business last year of $1,406,505,195; second, Standard Oil of New Jersey, $1.122,882.610; third, Gen- eral Motors, $734,692,000. DRY GOODS QUIET. Spectal Dispatch to The Star. NEW YORK., May 15.— goods market continued quiet today, with print cloth quotations unchanged at 7% for 64x60s and 8% for 68x72s. The raw silk market was quiet. Ee——— EARNINGS SATISFACTORY. NEW YORK, May 15 (®).—April earnings of Youngstown Sheet and Tube are reported to have been at the same satisfactory rate in the first quarter, which has reyived pre- dictions of a possible increase in the dividend on the common stock next week. In some quarters an increase is not considere likely at present, as the company is under heavy cash expenditures for an sextensive im- provement program which is being financed from earnings. Python Fasis 18 Months. Observation of a large python in the Melbourne. Zoo disclosed that the serpent fasted eighteen months, thén took its food regularly. An iguana (lizard-liké creature) . fasted ' nine months, then greedily gobbled eight unfortunate sparrows, the last two being merely shaken and quickly en- gulfed. They could be heard chirping for a ‘while- after "arrival at their destination. C. & P. Tel. of Capital Traction R. R. Bs. City & Suburban '5s Georgatown Gas 1st bs. Potomac Elec. 18t bs_. .. potomac Elec. ‘cons MISCELLANEQUS. D. C. Paper Co. Mfs. 6s. ... Pot. Joint Stock L'd : Southern Bldg. 6. 2 Wash. Mkt. Cold Storage 5s. STOCKS. erican Tel. & Telga.. CCapital Traction Washington_Gas. Potomac E 5 X on Ry & Ele WAS RS RE Eree. oid NATIONAL BANK National Capital. District Farmers & ‘Mechanict {ing anniversaries toda: et bank in the ci lings non milestone. | Central excess of $650,000 | <ail. | Ten L. TWOLOCAL BANKS NOTE LANDMARKS Central Savings Year 0ld, While Mount Vernon Reaches Sixth Anniversary. BY EDWARD (. STONE. Two Washington hanks are celebrat The vouns the Central Sav- mt Ver sixth is a year old. and the M Savings lebrating Congratulations have been is its most. generously hestowed on officials of both institutions. Francis M. Savage, Savings bank had 8,3 of the firs? vear president of th reported that the accounts at with total assets i Deposits hate in creased $250.000 since .. $500.000 has heen placed in life ice under ‘the hank’s insur plan. The president reports that the bank is operating very successf under the 4 per cent plan and much of the institntion s money vested in first mortage loans In a letter sent out to stockhoiders Mr. Savage predicts further hat < in steady { growth, points with pride 1o the thrif! shown by depositors closest possible bank's officers and Francis M. Savage. president W. Morris, vice president; J. William Roberts, cashier, Howard ¢ nd assistant cashier; Dion . Bir ar- torney. Directors, Di i Dion §. Birney. B. H. ¢ Jesse H. Hedges, Judge Georze | Macdonald, Charles W. Morris, Frar cis M. Savage. Judge Milton Strash ger, Dr. aCrden ¥. Warner and " Cissel and urges peration. T directors h harles Grezg Mount Vernon's Fine Record ‘The Mount Vernon Savings Ba which is ohserving its sixth an sary, has made a splen that period of time. On A the bank's deposits were $379.932, while on May 10 of the present r they had risen 1o a total of $38 605 It will thus be seen that the increase in the six years has baen $3.577.622. ‘The institution has a mest at tive building of its own at tha corn of Massachusetts avenue 4 Ninth street, and the rapid gr th of tF bank has led the directors to plan f¢ further expansion at an early date The officers state that. the bank now has the largest number of Christmas savings accounts of any institution in the city. R. Golden Donaldson is chairman of the board, the other officers and d'- rectors being William Muehleisan, president; William R. Baum, vir president and cashier: Willam H Johnston, vice president: E. €. Davi- son, vice president: Robert T. High field. Frank W. Lee ‘and T. Edwin Norris, assistant cashiers, and Hayden Johnson. counsel. Board of directore James H. Baden, Wi m R. Baum, Albert J. Berres, G M. Rugniazet, F. C. Davison, R. Golden Donaldson Charles P. Ford, Harry W. Hahn Samuel Henry, Fred Hewitt, Hay den son, William H. Johnston Dr. E. F. Koss, Henry C. Moses, W liam Muehleisen, H. Glenn ips, B. L. Rienhart, H S. Walcott and 0. B, Zantzinger. Bank Stocks Lead Market. Rank stocks led vity an the Washington Stock F nge when the week's trading w up todav. shares of XNational Bank of Washington stock opened at 2 nd er call 10 more were sold at 2771y Six Natfonal Metropalitan shares sol at 403 and 10 shares of Merchants' Bank and Trust Co. siock came out at 153. Ten shares of Farmers and Mechanics brought 2¢ Capital Traction fizured in thres sales today at 104, the price heing unchanged from yesterday. Potomac ctric preferred sold at 102; 30 shares of Merchants' Transfer and Storage preferred went at 9. and the market closed with the sale of 10 shares of Mergenthaler Linotype at 10612. There were two bond trans actions at unchanged prices New Secretary Is Elected. At the regular meeting of the hoard of directors of the Equitable Ruilding Association Walter 8. Pratt, ir., was elected secretary of the association o succeed the late Frank P Reeside, who held that position since 1808, 28 vea to the date of his death Mr. Pratt has been connected with the Equitable since 1899 and has held the office of assistant secretary more than 16 years He is held high regard its members and well known to tha public. Drop in Bank Resources. A decline of almost $1,000,000.000 in the combined resources of the 8,000 national banks on April 12, the date of the last call of the controller of the currency, as compared with December 31, is reported by Controller McIntosh, Resources totaled $24.892.665.000 on April 12, compared with §2 on December 31 and $23.832.462.000 on April 6. 1925. T.ans and discounts amounted to $12.301.306.000. a decrease since December 31 of $233.972.000, b an increase in the year of $§32,470,000. The percentage of loans and dis- counts to total deposits on April 12 was 65.93, as compared with 64. on December 31 and 64.33 on April 6 . a year ago. Investments of the banks in United States Gevernment secur- ities amounted to $2.540,823,000, an in crease of $18.013.000 since Decembar 31. but a decrease of $73,362,000 for - the year. s Association in New Home. g "The District Bankers' Association is now in its new home in the D er . Building. on ' street. While it can. not be said that the new headquar- - ters are in perfect order. nevertha less the records have all been trane ferred and Miss ‘ace Bromley. the assistant secretary. is arranging them . as rapidly as possible. The additional space will be greatly appreciated. es- pecially after the institute opens in the Fall. Bank Clearings Improve. Soma little improvement appears in * bank settlements tkis week, leading cities in the United States reporting . an aggregate of bank clearings . ver in is Federal-American R incoln s National Méiropoiit TRUST COMPANY. American Security & Trust. Continental Trus Merchants' Bank. Natlonal Savings Union Trust. Washington Cot S East Washington. *Security Savings enth_Street. United States. Washington American . Corcoran Firemen's National Union. TITLE INSURANCE. T Title & Ins. Co. Md. com. 53 MISCELLANEOUS. D. C. Paper pfd. . 85 Merchants’ Trans. & Storage. 115 Merchants' Tran. & Stor. pfd. 99 Mergenthaler Linots) 7105 Natl. Mtz. & Inv. pfd.."" R Peoples Trug Stores pid.. Lanston Monotyp. . Washington Mariet nj ari VB Gividend. ¥ % 29 a5 a%8 52 amounting to $8.709.739.000. This fs an increase of 3.6 per cent over the corresponding week of 1925, and com- pares with a loss of 2.6 per cent last week. There is an increase at New York City this week, the clearings of $5,236,000,000 being 2.0 per cent In. excess of thosa for a yvear ago. whila the outside centers report a total of . $3.473,739,000. which is a gain of 6.0 per cent. Most of the leading cities outside of New Vork show gains this, week, among them Boston. Chicago, - Pittsburgh and Detroit. Other Financial Notes. The committes arranging special features for the entertainment of the women at the bankers’ convention at ‘Hot. Springs held a meeting this week at the Washington Golf and Country Club, at which Mrs. Francis T. Addi- son, jr., presided. Steps toward ob- taining prizes for the whist tourna- ment were taken. and othér plans ‘were thoroughly discussed. What the conferees will do to the McFadden banking bill is causing wide speculation. among local bank- . ers. A sharp fight in conference is considered certain. and it will be sev-, eral days before the measure will bs returned by the committee for final actlon.