Evening Star Newspaper, May 16, 1926, Page 42

1926—PART 1. FINANCTAL. [BONDS MOTIONLESS !W W. SPAID CHOSEN CHAIRMAN IN sm)m' sgssmw OF BIG BROKERAGE (‘OMMI'I'I‘I-,L e Council of New York Stock Ex FINANCIAL. THE SUNDAY STAR, WA D. C, MAY 16, ‘ States during March, as indicated by reports made by wholesalers and re- NEW YORK STOCK EXCHANGE ! {lons, compared with 250,000,000 gnl |lons in the same month last year WEEK ENDING MAY 15, 192%. increase of over 20 per cent. = to it | Standard l("l Co. lnf Indiana HP&(‘IQ qu cul | Tast Week. ek o | nounced that it would increase gasc i i ! ¢ e . Last Week. Year to Date. Righ. Low. MR | et Ganen o Sono | Interest Genters:in Fomgn Issues‘ 4 1INGTON, Total Sales 4.638.950 166,876,899 | Average price of 50 stécks. ... 116.80 11564 139, 63 Hod . | s . . e Sams period a year ago. | 7,325,788 60,150 | Same beriod A year ako. ... ) 112,85 101.16 TREENSY il visideds with. ey Ioatisteials Where Price Changes Are | change Houses Outside New York—Banks to | p despite the publication of extremely icting. | i ) T Selling Pressure Renewed |fivorable carnings reports. The Sea ST | Mail Photographs of Canceled Checks. 192526 - Net. . ~1026-26- . & Lr'{n. | board Afr Line showed rnings ot | | Rie Low. Stock and dividend. High. Low. I Low. Stock and dividen High. Low. jose. Chge. . . $4.39 a share on the common ilu(k By the Associated Press. 62 Abitibl Power & P (4). 98 g2 273% Davison Chemical. 361, 84 347 Agamst Motor Shares in | iast year,asagainst $2.35 in 1924, ana | \':“"',m“ May 15 —With a few | BY I A. FLEMING. |it is more than probable that the 10 Advance Rumely . 10 10 10 % | 1741 13815 Delaware & Hudson (9).. 168 156% 157% the Lehigh lay rondlespecinl to] 3 = ay An amendment to the constitution | $1.000.000 estimate of the Better Busi 47 Advance Rumely pf (3).. 49'. 48% 48% — 1% 1531 125 Delaware Lack & Wn (17) 135 ~133% 183% - ‘nings | outstanding exceptions, bond prices | ¢’ ¢y e et ution | fess Bureau was under rather twn ew York Brief Session. | show record-breaking April 74 Ahumada Lead (t1)..... S 8 8% ¢ ‘a| 60 35 Denver& RioGr Westpt. 38k 37% 37% | as a result of unusually heavy freight ly tionless today | rath t ssociatior Gew | Over Wa 's share he free 865 Alr eduction (15).1010 1184 110 110~ 1 /{1601 110 Detrolt dison Co (8. 130 129 129 L4 R DM e et st L e WO BRI e st R 715 Ajax Rubber. L9 T 8% — 7%|104% 837 Devoe & RayndsA(2.40).. 36% 35 35 Rt O it il CBARC| (1 onekiofther dullent tradingl seatons | Mop SOCKEXChTRE e was It a person is possessed of ant 1 Alaska Junea. .. Dodge Brothers Class A.. 27% 22 22% — 41| By the Associated Press. and Pacific dropped 114, but most "W"f the vear. Interest centered chiefly [ 15100 (a8l A e ey | hbe ot Stment Seall Mo oriabe 27 Albany Perf Wrap Pan v, Dodge Brothers pf (7)... 81t 80 8 —1I%| NEW YORK, May 15.—Pronounced | the others showed fractional reces.|in the foreizn list where chankes were | Gicea outside. of the hone Vi) ULtk b very hadly Gk W Sev 484 Alliance Realty (2) Dome Mines (2). 14 13% 13% reactionary tendencies developed in | sjons. | conflicting. ! the exchange to take concerted action | Ing bonds. If a bond fssue is lsted Dupont de Nemours (t15) 2124 205 206% — 6% | today's stock market when selling| Amerada Corporation, American| The return of sterling to gold Parity | with a view to recommending rules | on any stock exchange it will rarel: 80 Allied Chem & Dye (4) . 117 Allied Chem & Dye pf( Dupont cebentures (6)... 102tz 102. 102 % | pressure was renewed against the|power and Light, Belding leming- | for the first time since 1914 strength- [, 4 Kot s < > , # % 7115 Allis-Chalmers Mfg (). . Duquesne Light 1st p{ (1) 11145 118% 113% + 1 | motor shures, ~several of which|way. Hethlehem Steel, B O o ettt moms ot i, S0 sction by thofexm et hett | e RineOuG etiretss) Bl el 1031; Allis-Chalm Mfg pf (7). Durham Hosiery........ 10 11 4 3 |crashed to new low levels for the Jisher Body, Gulf States Steel, Mac | ed to stimulate arge volume of reputable fl.fi;. is r—:umulahl\- eafe, pro 241, Amerada Corpn (40c. Eastman Kodak (18). nm. 109 110% + 1%!year. Such comstructive develob- | kay Co., Montgomery Ward, National | buying. Net gains were limited 10| Brokerage problems ure constantly | vided it is a first mortgage and 'the 131. Am Agricultural Chem. . : l3aton Axle & Spring (2 261y 25's 26% - % ments as the return of sterling 1o | ¢ k and Suit preferred. National | fractions. Polish obligations, on the aitracting attention of interest only | entire investment cannot be lost. 363 Am Agriculturl Chem pf. Eisenlohr & Bros. 12% 12% 12% | gold parity for the first time since Tea, Norwalk Tire, Pierce Petroleum, | other hand, continued to sag under | (o the out-of-the-city brokerage firms Buying bonds or’ mort -.;:e:’ “the 34% Am Bank Note (1.60) Elec Auto Lite (16%). . 64 63 634 - 1% 1914 and an increase in Mid-Continent | Republic Iron and Steel, Stromberg |a heavy weight of lquidation on re Finiec g apdioi fOTaarIGUEUE.| Tt it Htaa o “ms'p\;’-‘a“‘ % Am Beet Sugar. . Electric Boat. . . 7 48, 4% 4% | Crude prices, apparently were disre- | Carburetor and Virginia Iron, Coal | ports that the revolution movement ! town member has made protest and the later acquired through que 16's Am Bosch Magneto Electric Power & Light.. 19 17% 18 1s| garded. Trading was rather dull at|and Coke also established new low | had forced the high officials of the int” thilk or AL, evil that has) Honablese ecas 1o BUSINE (Loubla dret 904 Am Erake Shoe & F¥ (6) . 1071 Am Brake Sh & Fy pt(7). 301, Am Brown Bov Elec (2). 8613 Am Brown Bov El pf (7) 387s Am Can (2). 115 AmCanpf (7)..... 911y Am Car & Foundry (6). 120% Am Car & Foundry pf(7 2 Am Chaln Class A (2). Am Chicle (3)..... 3412 Am Chicle ctfs (3) an Elec Pow & Light pf (7). 93% 924 93 + 1 [first, but gained momentum in the| records for the yvear. | government to resign. Both the ¢ | been uncovered, but the protest ha EI P&L pf ctf 40% pd(7). 101% 101 102'4 + 1% {last hour, the day’'s sales rnnning| With the exception of cotton fu : per cent i‘l“u»”w»h! at new low | been given little considers u'u.n be hx:: latelog it 4 El P&L pf ctf full pd(7).. 106 106 105 -+ 2‘ over half a million shares despite the | tures, which vielded 3 to 13 points, | jevels for the year. French and Ital | of the fact that there was no unified Must Be Largely Stocks. Electric Refrigeraon(f2) 65% 64k 64% » | absence of many large operators. most of the principal commodity mar: | j.n bonds were little changed l’h:u-kmg to the protest. save from one It is therefore evident that the grea: Electric Storage Bat (16) 76% 75% 76 = Hudson was the hardest hit in ll\’ikolfl pointed upward. Wheat ad Buying interest was at a low ebb.| member house. bulk of the big loss s sustair DD Qo A fainse ot 4| motor group, collapsing over 6|vanced lal% a bushel. Raw sugar|in the domestic list, although a few| Now the outside member houses|ed through sales of Stock through et e points to 66, & new low record for the | was unchanged, but the futures were | {{L /s developed independent strength, | will have the right to offer their pro-| exchanging good securities for stochs mer sy B rAutnEhR iDL vear. Other issues in that group to|slightly firmer. Coffee showed net| Aqantic Refining debenture fives were | test, backed by the lentire personnel, | of no value or little worth Endicott-Johnson (5). ... 1. |attain new low levels were Chandler-| gains of 8 to 14 points. sirengthened by the announcement ..’lmr.mxh the appointment of an execu Stocks are much more tempting 1 s Endicott-Johnson pf (1) \{Cleveland at 12%, Dodge Brothers A| Strength of sterling cables, which | pioper prices for erude ofl and gaso- ‘uu- council composed entirely of out-| the speculatively inclined than bond- Equitable Of H"‘K !‘“7‘ + 'rlat 223, Plerce Arrow at 19, Stewart-| sold as high as $4.86%, was counter- | L oML 47y ohioh Valley Rallroad liens | Side-of-New York members. Buylrg bonds i much like accumuls §7 Am Chicle pr pf ctfs (7). Erie. | Warner at ba at 8% | s weakne o - = v : « Am Druggists Syndicate o NG {‘mh‘,‘m‘i":fh;g‘fl“,g&"r t 48% ?,:if,“'q “,1“1““", "‘“1','_":’0‘;;’;“"5“ responded to -;}]:urt‘!‘?fal&‘:rl):‘v'l v Protest Will Carry Weight. ing_mones ml’):d"sa"lvvl\‘s:(.“::nr::Hv\'mF; Sho aDhi Al i lesanr. 4 oy General Motors Drops. low record at 3.0 cents. Itali JEERER I Puiie sague U5 | ol O MNPt 5 oRed WRNG She B | srove of Ohis e 2% Am & Foreign Powes rekaVacuum Clean(4). il rallied nearly 20 points from yester.| Were recorde b 0 test of this council will not il or £ d Am & For Power pf (7) chanze Buffet (1) 1 neral Motors dropped from an|gav's low level, but the other con.|(rown Cork and Seal 6s and Pactfic ; en soil, but that the association Mergenthaler Dividend Meeting Am Hide & Leather banks-Morse (3) | high 126 10 1243 and then | fimental rates showed narraw ana. ir.| Gas and: Blectric 6s. Public offer I give ear at once, understanding = Directors of the Mergenth » Am Hide & Leather pf ers-Las (8) 1y | rallied to %, 14 on the day. pegular changes. i ing of $3,000,000 Mansfeld Mininz and ' that but for an evil practice the coun- type Corporatic i1l meet Am Home Products ors-LiD(8): 1 | Mack Trucks closed 2 points lower i o Smelting Co. of Germany li-vear ¢il would not start a contention York City nex: Tuesday to bd Tee (110) 5!107%. United States Rubber com ‘. honds will be made next{ This cxeeutive council is composed .,y the dividend for the second quartes Ice pf (8) 3 |mon and Goodrich also broke through PURCHASE COMPLETED. at a price of 93%. to vield Le H. Atherton of Schrimer. of the ¥ 1 per cent Atherton & Co., Boston; A International > o Fed Minig & Smel pf (1) | their previous resistance points, S v Ther ch disi LaF Fire Engmem 13 12% Fidel ,.,,o:".”.« m;u;) . 1 | Kelly Springfield duplicated the ye NEW YORK. May 15 (#).—-Dodge of A.J. Wright & Co., Buffalo: S. | wh “, the declaration m" 20 Am Linseed . 29 First Nat Pic 18 pf 19.44 1 |low levels .. announce that acquisition Richards of Kay, Richards & Co. | uarter was made on the regular 0t Am Locomotive (8) 93 First Nat Stores (1% ) + 1%| Oils displayed a temporary out-| aham Bros, was completed May | TRAFFIC INCREASES Pittshurgh; B. M. Jones of Hra e cent per annum basis 45% Am Metal (4). . 50 Fisher Body (5). 6% | burat of strength on the publication | 1. and in connection with the trans-| \ 15 (). Freight | Cabel & Co. Richmond; N. Bissinger | " [ view of the recent action of 95 Am Planopf (). .. ) Fisk Rubber...... % [ of the unusually favorable 1925 earn. [ action Dodge Bros. sold $8. 5! NEW YORK. M 5 ) Frelght |of Strasshurger & Co.. San Franciseo: | company in doubling the capital st 521 Am Power & Lt (g1). 531 524 Fiak Rub 18t ot 8tpd (1) ~ 1% | Ings report of the Standard Oil Co. | per cent purchase money notes |traffic fncreused onthe AUChiSOn. | rthur ¢ Rilmer of Lorenzo. Ander: |ata time when the shares were se 897 Am Radiator (4) 11 109% Fisk Rubber 15t pf cv(7). + 1| of New Jersey and the announcement | three instaliments of one. two and | Topeka and Santy Fe in the week end- | (o & (0., St. Louts, and W. W. Spaid | ing around $200 a share, warrant w= ed May 14, compared with the same | o¢ W. B Hibhs & Co., of this city. | given according to the interpretat The notes were placed 76 Am Railway Express (6). 78 78 stal Fleischmann Co (2). ‘of higher crude .prices, but they | three i s e ) . Foundation Co (8) . . — 24| finally weakened with. the rest of the | privately and Involve no public of- | period lust vear. Joagings being W. W. Spaid. one of the most popu- | of the Street, for the belief that gbs AmsHiDh commae o, 01 N Fox Film Class A (4).. + W/[list. Gasoline consumption in 32 ferings. 496 cars, against I lar younger men in the financial dis- | dividend would be increased 1067 Am Smelt & Refin Bt (D). 1k 116% St o= ; ~ 192576 i "; the -\““&{'f" Capital, wan | why the doubling of the stock 1371 Am Snuff (12) . 1375% » Gabriel Snubber A "3%’ + 1 | figh. Low. Steck and dividend. High. Lew. Close. Chge. | High. Liw. Stock and disidend. High. Low. Close. L g "‘;"":”'\‘(:" ml"f)r"zl"f@" ":":;t Action of the market in the last few 9812 Am Snuff pe (8). 3 100 Gardner Motor. 913% 71 Missouri Pacific pf. 9% 7% | 49% 441 Sears, Roebk & Co (2 16 46 [ mani of thls very fmpostant comimit f weeks has again given rise (o theibe + Am Steel Foundries (3).. 40% 40 Gen Am Tank Car (3). ~ M| 99y 64 Montana Power (5). 7 eneca Copper. . . 4 it 2 further assur. | jief that an increased dividend woull 108~ Am Stl Foundries pf (7). 113 113 4 Gen Asphalt 60% 62% — !1lgit 105 Montana Power pf ( Ehipysptesy i unce that when the committee makes je declared. The et Gen Asphalt of (5) 103 1102 +| "a0ss 41 Montgomery Ward. ol e s T (4055 protest its plaint will receive prompt | per cent last year. It could readi attention from the big board 47% Am Sugar Refining (5)... 69% 674 Sugar Refining pf(7). 102'3 mp, 7 per cent on the new shares. Gen Cigar (4)... Moon Moters (3) hell Union Of] (1.40) naz Sen I3 ' . 2 This ma of bringing the mer » 6 Am Sumatra Tobacco.... 10% Gen Electric (c8) Mother Lode Coalit (%). 991 Shell Union Oil pf (6) 1068 e Other Financial Notes. . 130 Am Tel & Telegraph (3).. 145 143 Motion Plcture (1%). heubert Theatre. ....... 657 17 ibashipioBthic exchangeioperatingloutt B lyrme s s - A p B e i Moto-Meter C1 A (3.60) Bl stman ) s | tion has heen frequently discussed, | has sold the G street building. its f 8415 Am Tobacco C1 B (8). 111% Motor Wheel (2) 17% Simms Petroleum (1) A R T o The st o discussec, | er home, and the big structure n 10412 bacco pf (6) . 110 = neral Motors (116). Mullins Body 17 Sinclatr Consol Oif. .. .. i aou e i AL BNy Com: | [TRE erecied hotweon G seceat s 9. 122 ?’w. Gen .\{'.?"ff'fu”\f“éz’n cifs. 2 Munsingwens (0) 77“' ; o i“' ';m‘qo“m p Great interest has been ftaken in New York avenue. on Fifteenth stree: 313, 2 W 0). 4912 46% -2 i 4 " ay Body . 213, Skelly Ol (2) has been taken in Ne 4 i e e :,'n““\f“::“gl'(‘;g’,‘(,)) 1021 1024 = n Outd AdvCLA (4)... 53 A ria shelt Bueel & 17 (6. 120" 115" 11814 - 1| the movement as a meana of climinat. | Will cover the land. The Evans Buili 211 Am Woolen...... . 28T 22% e | et Petzoleum ('3‘)‘. NetBlaonit (6 South Porto Rico Sug(6). 101% 961 1004 - 4 [neiviactices; canteasytaltiictiica) SRR CE L EE 66 Am Woolen pf (1) % 70 +1 % 60% Gen Ry Signal (14% b A Southern Dafries A (4).. 47 48 4 w| " Members of the couneil wil " : e H p 7y, : 29% 30% * 2 souncil will meet in T 247% Am Zinc Lead & Sm pf.... 284 27 — 1% 83 454 Gimbel Brothers.. Nat Cloak & Sult Southern Dafries B...... 30% 20 304 3 e 4 incil will 1 | = 4 . ; 3 = i 906 s, | the near future in New York City and Son At ot Dol pEcly. 8114 1 56% 37 Gold Dust. 43% 81% 42 Nat Dairy Products (3).. Southern Rallway pf (5. 91t 908, 91 | mediately reported to the association.| BALTIMORE, May 15 (Special. 14 Armour&Coof I CIA(2). 16% 14 15 — &| 74% 36% Goodrich ( 50 s L s Spalding (A G) 18t pf(D). 108% 10338103% Much good Is expected from the move. | The general egg market has r 6% Armour & Co of 111 C1 B 7% 6% 7% + %|102 92 Goodrich (BF) pf(7)... 984 43% 1 at Distillers Products. Spicer Mfg... .. 21 19% 20 ment. | firmer the past week under only w 20 Armour & Coof 1 pf(7). S21s B81% 8214 ~ 2 |109% 981 Goodyear Tire&Ru pf(7). 100i 81 ooy o B Standard Gas & E 528 Avolding an Evil. - | receipts and a good demand preva: 18 Arnold Constable & Co. .. © 1 |114% 864 Goodyear T & R pr pf(8). L e Standard Gas & Bl pf (4). The practice among bankers in the n& for all desirable native and nearb: 9 Artloom (3). 42 otham Silk Hos (23) . et 118 117 andard Milling () United States has long been to re.|Stock. and the market closed tod: 5 Art Metal (1). + %]108% 98 Gotham Silk Hospt (7) ot Pomer & Light (s00), 19% 18% andard Milling pf (§) turn canceled cheeks to the maker | At 282 to 283 cents a dozen for firsis + Assoc Dry Goods (21%) 1% » Gould Coupler Cl A (2). e Standard 0!l of Cal (2) either monthly with statement of bal. |in free cases. an increase of one-hi!t Associated Oil (2)... % B Iy SOnSOlRIa L Rs ot e S % Standard Oil Cal new (2) pce or when the bank books are | cent a dozen over opening prices Mc % 116% Atch Top & Santa Fe (7). [ ent Nocthern pt E et St () o Standard Oil of N.J (1). rned in for halancing day. With the lossoff scason at hami 921 Ateh Top & S Fe pf (5) " Norti Ore ctfs (1%). T to. ). 120 Standard Oil of NJ pf(7). In foreign countries the practice is | More careful selection and promp " t Western Sugar (8). Standard Plate Glass. lto send depositors a list of checks | Shipments are advisable as buyer 12% 123 L Atlanta Birm & At. Atlantic Coast L(1914) Nevada Consol Cop (1) New Orl Texas & M (7) ‘h are very critical as to quality lov eat West Sugar pf (7). nheld on mixed stock it eene Cananea Copper . Sterling Prod (4) 2 paid_and to send detail as to e Stewart-Warner (6). | check cashed and wi AUl Guif & West Indies iananea O Y Alr Brake (5). ... 30 31 At Guif&West Indlies pf. antanamo Sugar. Y Atr Brake Cl A (4). 6013 Stromberg Carburet (6) It is a fact that many bankers DOl @ question of price, but of fin 95'; Atlantic Refining : If Moblle & Northern ¥ Carness (¢2) a4 Studebaker 0 (5). have met with trouble and not in.|@ buver 5 Atlas Powder (4).. = - Steel (5). . .Y CREGEERIDE (6). . 84 Submarine Boat. frequently wifh loss through the prac-{ The live pouitry market has ruled 914 Atlas Tack. Gulf States Steel pf (7) N Y Central (1). . 120% 122% Sun Ofl (£1) tice of returning canceled checks, | Rénerally quiet the past week, 15 Austin-Nicho Hanna (M A) 1stpf.. N Y Chicago & ST, (11) . 156 1156 Superior Oll. .. Unscrupulous depositors might set up | althougsh values have shown little 5 Superior Steel (2).. had never drawn | change and the demand is fairly good the claim that they such and such a check. In many in.|for all desirable stock. Spring chick stances it would ba an easy matter ens With an average welght of 1iy to demonstrate the truth of the mat. | pounds and over find ready sale at 4 ter, but a real sharper might easily | [¢ 90 pound, but smaller sized pave the way for making trouble, with | SPringers are in more ample supy the bank having only the charge of | and are slow sale to move at 35 to 4: the check to maintain its claim. |and shipment of small fowl not advi George L. McCarthy. vice president of | able as it only tends to lower tie the Empire Trust Co. of New York, | value of the better sto has invented a mechanical device Market for old hens has been qui which will give full protection to | the past week despite moderate i« bankers against any loss through re. | ceipts and good demand. which ha- turn of checks to makers, after pay- been best on medium sized, fat stocl * | ment. at 34 to 35, while poor thin stock. Mr. McCarthy's device takes a con- | leghorns will not hriag over 32. Duck~ tinuous photographic record of all|are showinz poor ¢ndition and cor checks paid. The device, which is|sequently are siow sale at 22 to @ termed a ‘“checkograph.” is capable | for fat stock. whiip poor and thin of taking 8,000 photos on 100 feet of | ducks move slow & 18 to 20. Some film, costing the banks about $4, or|inquiry noted for yYoung ducks, but at the rate of about 1 cent for every | shipment not advisable unless the 20 pictures. birds are fat and weigh upwards of Mr. McCarthy claims that it may | three pounds apiece. Hartman Corp (2%) Hayes Wheel (3). Helme (G W) (16%) Hoe (R) & Co Class A . Homestake Mining (17) s Household Prod (13%). Houston Oil. . Howe Sound (3). Hudson & Manhat (213).. Hudson & Manhat pf (5). Hudson Motor Car (2) Hupp Motor Car (1)..... Independ Oil & Gas (1)... Indian Motorcycle + Indian Refining : Indian Refining ctfs. indian Refining pf. . Ingersoll Rand (3) 4 Inland Steel (2%) . 80% Austin-Nichols pf (7). % Auto Knitter Hosiery 3 Autosales. « + Baldwin Locomotive 5 Baldwin Locomo pf (7) 71 Balti & Ohio (5). Balt! & Ohio pf (4). Bangor & Aro0stook (3). 35 Barnet Leather. 18% Barnsdall CLA (2)....... Bayuk Clgars 18t pf (7). Packing (+3). Brothers (3). hem Steel. 93'4 Bethlehem Steel pf ( 120 109. Bethlehem Steel pf (8). 4's Booth Fisheries. . 13 Botany Con Mil 25 Briggs Manufacturg (3). 1, British Empire Steel. Inspiration Copper (2). 21, British Emp Steel 2d pf ... Interboro Rapid Transit. 120% Brooklyn Edison Elec(8).3140 21% 18% Intercontl Rub (1). 35 Broowlyn-Man Tr (4).... 64% 62% 68% + | 261 7y Internat Agricultural. 727 Brookn-Manhat T pf (6). 821 82 82% — 14| 95 40 Internat Agri prior pf(7). Sweets (o of Americ: Symington 4 Symington Class Telautograph (600) . 7% Tenn Copper & Chem u) . Texas Co (8).... Texas Gulf Sulphus Texas & Pacific. . . Texas & Pac Coal & Oil. Texas Pac Land Trust The Fair (2.40) Third Avenue Thompson J C ( Tide Water Of1 (132) Tide Water Oil pf (5). Timken-Detroit Axle(t4). ‘Tobacco Products (7). Tobacco Prod C1 A (7) Transcontinentsl Oj1 Twin City Rap Tr (3).... Underwood Typewr (4). Union Bag & Paper. Union Carbide (5) . NYChi&StLpf(6).... 99% 99 399 N Y Dock. ... . 34 34y N Y Doc pf (5) 69 69 N Y & Harlem (§)....... 195 19 N Y New Haven & Hart. N Y Ontario & Western.. X Y Railways pf ctfs " Ratlways ptctfs. ... Y Railwavsctfssta... 2 Y State Rys pf. Y Steam 1st pf (7). Niagara F Pw Co pf(1%) Niag Lock&O Pwr pf(7). orfolk Southern. .. orfolk & West (18) orth Am (b10% sock) North Am pf (3) North Am Edison pf (8. Northern Pacific (5)..... 18% Norwalk Tir & Rub(1.60) 89 "9 Norwalk Tire & R pf (7). 18% 8 Nunnally Co (1%). 38 30% OIl Well Supply (2) 107 108% Oil Well Supply pf (7). 6015 41% Oppenheim Collins (3). 827 25% Orpheum Cirecuit (2). . 98 Orpheum Circuit (pf (8). 104 104 104 118% Union Tank Car pf (7) United Alloy Steel (2) 68 Brookn Union Gas (111). 73% 724 73% - 3814 Int Business Machine(3) Sk e ey. ... Union Oll of Cal (2). be attached to any adding machine| Receipts of guinea fowl and pigeon< 29% Brown Shoe (2).... = 52 Internat Cement (4) 22 90% Omnibus Corpbr A (8) 133% Union Pacific (10). and that its operation will requirecontinue light and the market hold- 24 Brunswick-Balke-Collen. + 102 Internat Cement pf (7).. 39 18% Onyx Hostery..... 73% Union Pacific pt (4). % + %|no extra work on the part of the|firm under a good demand for tl 3 Brunswick Ter & Ry Sec. 31% Internat Comp Eng (2).. 84% Union Tank Car (5). 89% 89% 189% -« | operator. {former at 75 and $5 each for you | When thrown on a screen each of |and 40 to 50 for old and stage. wh 96's Int Harvester (6)....... 115% : the small negatives will reproduce |pigeons will bring 40 for hoth voun: 113% Internat Harvester pf(7). 120 $119 48 Buffalo Roch & Pitts (6). 61 Buffalo & Susquehanna S S 92'; Burns Erothers C1 A(10). “s| 66% 53% Internat Match pf (3.20). 61% 59 % Slev: y 4 United Cigar Stores (c2). all details of the check. and old. Burns Brothers ClEB ( Tia Internat Mer Marine. . e Bim (U st (8], . United Drug (8). The Eastman Kodak Co. perfected| Market for w oes rules eas 2= B shs Add Mach(3) 27 I Mer Ma o | 15% 8 OtisSteel. J - 5 Burroughs Add Mach(3 7 Internat Mer Marine pf.. ! 110775 50% Otis Steol pf.. United Drug 1st pf (3%) . the photographic apparatus. {under ample receipis and demand 145 Busi 241, Int Nickel 4 United Fruit (4)...... et , 7 3 : 11577 463 Outlet Company (¥3%%)." U 3 : Mr. McCarthy conceived the device ' turning to new stock. Movement o 80 BushT & «'4‘ :"w"m‘ Nicke pE () | 69t 423 Owens Bottle (14). i 18 United Railway Invest. and financed it. It required more old potatoes is lighter and centered e 96's Bush Term I3 4415 Internat Paper 14871, 1024 P S & Elec (8) 4535 UnitedR il way Invanins. than 18 months' effort to make a | tirely on No. 1 well graded stock : Butte & Superi 918G Internat Iaper pf (7). |a8T6 102% EacliciGas tiles (), 118% U S Cast [ P & Fdy (10). S ot G ol L R it o o (e 17 Butterick Comy '51199% 108 Internat Shoe (6). | SEBIS - i Reilc SR oo - Cast ll'&Edypt(‘l) o hiva. {He GATKBEEATIy HOE Ty b & Riuared puussasan 28 Byers (A ) 214|144 8715 Internat Tel & Tel (6) L e Distributing... ... e O e e v i cigas : 293, bt tre e 6 33 3%, Paige-Det Mot Car(1.80) . 1 = o 2 3 ! 2 m; or native and near b clliialu e b, e s e R E7 DO Pan-Am Pet & Trans (6). e i Mellon Says $500,000,000. garden truck continues to show in: “114 Callahan Zinc & Lead. ... 11 36% 16% Jewel Tea. URIIE e SO [ “ S Industrial Alcohol Secretary Mellon places the aggre. |Prevement as receipts of the various ; 49% 84 Pan-Am West Pet B (2).. 38 A P i “|lines show increase and meet with 45 Calumet & Ariz (143). 58t% b6l 217 11% Jones Bros Te " 3 U S Industrial Alco pf(7). 10135 gate losses sustained in this country | L 9 - Sere - 19%, 2% Panhandle Prod & Ref... 19% T . . |ready sale at the following quotations: 121 Calumet & Hecla (1%) . 1% 14% - %/ 6 264 Jordan Motor Car (3).. 1% a7 panhandle Prod & Ret bf. 87 48% USReslty £Tmp (4. 884 through the operations of fake secur. | )00 C o, §1'50 to $4.00 dozen: cal 57 Canada Southern (3).. 59 59 — % 5 : 4 S Rubber....... 2 /ity salesmen at $500,000,000, which is | AS $1.30 to $4. : cab- 136% Canadian Pacific (10).... 185 167% + 1% |110% 98 KanCity Pr&L ist pf(7). 109% 109% 85% 19% Park & Tilford.. . 25 U 'S Rubber 15t pf (8). ... 104% | admittedly & heavy tax to pay for |Page. $1.00 to $1.50 hamper: carrots. et h) T M 0% 81t _ | 81 28% KansasCity Southern, .. "40% "38% Bl J56 RS I (OO o USSmelt Ref &M (334). 38l 1 | zullibility, after all that has been said |$3-00 to $6.00 hundred: kale, 63c to §0_Case ) Thren M pf(7). Robsiiohe: s as (ISR, SOTCSEREREIPONHOE). HeEi S6El 9% 5% Peniok & Fora : TS Smelt R&EMpIGH). 43 %] &nd done in the interest of education, [$1.00 bushel: spring onions $175, s 4 i 4 U S Steel | warning and advice. = . T's Central Leather Co. 8. sk - 18% Kayser (Jull 35 341 55% 48% Pennsylvania Railrd (3). N St ) 128% I Ctems to bear out|hundred: rhubarb, $2.00 to $4.00 hun b ReTL N st o - 3 s = 12% Kell Penn Seaboard Steel P Jhis great bearioug 5 2% Century Ribbon Mills. ... 127% 13 % X 14 12y s & i Univer Pipe & Radiator.. 181 Barnum'’s famous “every minute” es. | dred. and spinach. f0c to $1.35 hushe'. Century Rib Mills pf (7) 8 8 42 ey SuringneIn mite pr.Et. N65 489 11 TSRS LR Chichge By Univer Pipe & Rad pf (7). 63 timate. —— « Cerro dePasco Copper(4) . 621 621 o0 5 k::::i‘(‘,\t:‘fz‘,',s’“, g dy oo % | 26% és:‘ :.::;';.:‘,.2::,‘:;?;5, g Utah Copper (5) ......... 100 Secretary Mellon also urges the . HUDSON MEETING. » Certain-teed Products(4) 39 39 1 B P SORPRLSS). - 53% 52 | 881w 61% t £ (5 g . Util Pow&Lt Cl A(e2)... 31% doption of more “blue sky' laws in ¥ K0 Certain-tdProd 2d pf (7). 90 .‘t;-ej‘éz’:‘"‘“le,,‘,‘]',""""" M | 150 " e Q{:figflzl"‘: g Vanadium Steel (3).. 1 | different States. Certainly the Dis-| NEW VORK. May 15 ) —Diree + Chandler-Cleveland. ... 13% IKresge DepBSton ) a C g Van Raalte. ....... 4 | trict of Columbia needs such a i« | tors of Hudson Motors are schedule 285 Crandle pEaa) L SR Zg‘: ig:' Fhila Go :;:')«:n' . Vick Chemical (3%2) ii]as bad as any State in the Uron. |to meet next Thursday. when the au 9 ' Chesapeake & Ohio (¢ 12008 120% 36% Phila & Read Coal & Tron. Va-Car Chem new wi. 1 "I Congress has so far refused to act. [tion of dividends is expected to M L) | 251 373 Phila&Read Coal&l ctf Va-Gar Chem 8% pf w 1. ~ %,| 1n view of the §500,000,000 estimate | considered. REv @ R tonnt : B0 e, Tre Rubber £ Tire © 12| 557 128 Philip Morris & Co. .. 19% 17 19% - 981 T Chem 7% pE W i ; eluinols - o Lehigh Valley (3% = ' Y1y 36% Phillips Petroleum (3) 45% 43% 45% + 1 5 r Chem ctfs. ... 362 Chl :Zast 1llinols pf. Lehigh Valley (315) . - % Plorce-Arrow = 20 4 Va-Car Chem pf ctfs 7% Chicago Great Western. . Lehn & Fink (3). E AR e e Ritowit 49% 380 VaIron Coal & Coke..... 43 16% Chicago Great West pf Life Savers (1.60) 18 18 18 10856 2 Dlerce Ol ) 7915 70 Va Iron Coal&Coke pf(3). 75 3% Chi Mil & St Paul.. Liggett & Myers (14).... 81 78% 78% — 1% 3% ol pf 32% 7% Vivaudou....... 7 ChiMil& St Paulpf..... Liggett & MCIB (14).... 80 79 793 — 3| 40 17 Plerce Oul pf, G T ¢ St i Li e s 3% Plerce Petroleum. 108% 94% Vivadou pf new (7). 7 Chi Mil & St P ctfs of dep. ) ggett & Myers pf (7)... 126% 126% 126% — 2| 8% Pitts Coal 5 108% 80 Vulcan Detinning pf (7). 127s Chi M&St P pf ctfs of dep - 1% ‘1::- ggh thm L;mor(nzo)tive “).. ggx,. 57 16T + % ggv. fl“ L IbULED Couiigt s 1swabian Gy § 47 Chi & Northwestern (4).. n| 4% oews Inc S 36% 36% - _1g B CUItleshE : = & e ( : + | 78% Bb5% Wabash pf A (5). 186)5 @01 CHUA Northimgato ok 1) | a8 b Tona e A B 20 15w Pitts Utilt pf ctfs (1.20) L %l 19% 14% Waldorf System (1%) 19% Bie O e tinc T Ean bk Lo i e e %1 19t 12% Pitts U pf ctf new(t1. 20). - u| 20 13w Walworth Co (180) lew 5 A - i ¢ Pittsburgh & W Va (6).. — 14| 95% 25% Ward Baking Class B. 82 Chi Rock Isl & Pac pf (). 23% 12 LoufsianaOil Refining... 14% 18% 14% + 14 (128 63 P , L O 1 . B8 O e ot (0 Louls Gas & BICIACIH) 204 2o oawy = if|124% 841 Dol R S26 - %] oo 31 Weber Hellbroner (4., b4 B CRIEEEo0 K 5 Sl LR 124 2| ALa B LG cers & Rofiners. 12 — 14| 14 3% Wells-Fargo Express. 1415 2D ACEMe ek o MUDEBESSL 33% — 24| 3% 07 Producers & Refiners pf.. 31 99 88% WestPeun Electric A (7). 92 40 Christie Brown&Co(1.20) McCrory St C1 B ((35.60). 79% 78Y% 1798, (" 92¢ 625 PublicService N J (5). 78% — 5% |100'% 95% West Penn Elec pf (7)... 97 Melntyre Porc Mines (1). 28% 25 254 | 100% 96 Public Service pf (6) 99% — 15/112 104 West Penn Power pf (7). 109 ielis R R 113% 107% 107% — 4% | Joois 99 Public Service N.J pf(7). 105% 18% 11 Western Ma 12 2 el ‘]3 STaoL ok THE DECT) Ao LS ST 1 ij90 109 PublicService N Jpf(8). ux's 118 118 261, 16 Western Maryland 2d pt. 19% 27, Colorado Fuel & [1on. 2 100 Mack Trucks 24 pf (7)... 10515 105% 108% -+ % | 1501, 9215 Public Ser EI&Gas pf(6). 100 99% 100 — 11| 39% 19% Western Paciflc. 357 il S st g 3| S 104" o5 1008 106" Pullman Company(8).... 169 1633 165% - 81 72 Western Pacific pf (6)... 79% ) Byl 01 OERL O o . kv ConldD) 130 — 3| MT% 753 Punta Alegre Sugar g 36 147% 116% Western Union Teleg(8). 139% SK4 ColRiebis b BRE 51 - 4 Moy P Co. 91— la| 434 55w PureOil (12)........... 127 144 97 West'house Air Br(17%) 112% B e e %| 46 34 Magma Copper (3) 361 — 1|, §0% 163" Pure Oll pt (8). 2 1074 84 65% Westhouse E& M (4)... 68% 45 Columbian Carbon (4). | 371 17% Mallinson & Co. . . 18 — 14 ErAt Ot 5 | Btw o1 Westhouse1stpf (). 80 273 Commer Credit @) .. 17| 92 73% Maliinaon & Conf (1) 8% 8% -1 | TT% B e Corot Ampf(si). 467 46% 46% i | 20% 9% Weston Elec Instrument. 15% i DL O e e, Sl 3 35 +3% 82 18 Wheeling & Lake Erle... 211 50 Commer Invest Tr (3.60). 1% 6% 42% Mnnk;;l Elec Sup(4%). 681 69 & 15| 6% g\«“ g.l‘lhsv;cslgfie;pfi::::, ;g;: ’57;% zg% + 2% B8%_22 Wheellng & Lako Erio pf. 40 B e e e gl 50k b2i + o | 68% OB B NS eel Springs pr(1). 117% 117% 117% + 1 | 31% 26% White Eagle Oil (2)...... 27 AL BUSINESS ACTIVITY for the countrs as o whole. indicated by bank debits 76 Commer Solvents B 2‘ 49:& 2% ::an a K ef)fi'oén (2). 82% 38 + 6 [128 110% Ray Cons Copper (1).... 12% 12% 12% — 1|104% B1% White Motors (4). 53% ) outside New York, compared with the same week of last year. 121 Congoleum-Nairn 4| 35% 20% Maracaibo Oll Explora. 21% 21% — w| 17% 208 SO e (4) 831 814 823 49% 26 White Rock (2). 27% = ACTIVITY BY FEDERAL RESERVE DISTRICTS et IR e o 4ok = %) ID4 5% Reading Ist pf (1) Son 5o Sow — | B 1% Wickwire-Spencsticifs. 1%, = Cheek transactions compared with the corresponding week of last year: 2615 Consolidated Cigar. % | 66% 4014 Market St Ry prior pf 40% 404 — 3| 41% % n::dl & - l’r e o o 347 9% Willys-Overland. 23 T 2% Consolidated Distributor. 3| 46% 24% Market St Ry pf.. 26 26 8:% o InIc'n ( ()” . o :; :7 1287 724 Willys-Overland pf .. 95 741 Consolidated Gas (5) % | 60% 32% Marland Oil (4).. .. 53% 56 - a3 HAGa Tl (R) TS L | T e 5 = 1% Consolidated Textlle. :« 827% 10% Marlin-Rockwell (2). 281 29% + 6% R:mm‘m‘ Typ:“m; 9% 85 90 - 1| 16w 15 Wilson&CoA (new). 1615 8 6014 Continental Can (f6).... . - 1%| 37 18 Martin-Parry (). . 18 18 118 e e U ORTY oo 924 8 80— | BN LS Whison & Copfnew. 3% i 1 Continental Motntelch00). R e R u'g “ 108 1108 42% Repubtic Iron & Sieel... 48 44w 45 — 3222 112% Woolworth FW (15).... 1445 ING BAROMETERS 328, Corn Prod Ref (2).... ! Maytag Co (2).. 1% Bz& %:;\ll‘::;csl;z:-':gst L) 9%'3 9&:2 92:/: ’;z’lu 21‘]" x gz:m;:‘o;“;r&mg) “ Showing frend of Important factars. 1184 Corn Prod Ref pf (7) Metro Goldwin pf (1. 23 y E 6% S e Gy % e 721; Reynolds Tobacco B (4).. 94 93 33 16 Wright Aeronautica Present tre 64 Cruntbie Stesi (5) Ri.“;.‘.‘..“:‘f:.?:;’?{? 1% AT S 571 45% Wrigley (Wm Jr) (14). Busitess in d Zars (checks cashed) . Steady o G bl ;:": pE( Mid-Continent Petroleum 30 85 Rossia InsCoof Am (6).. 86la 86 86 70% 60'% Yale & Towne Mfg (15) Employment (Department of Labor) .. Increasing i i Mia-Continent Pet pt (7). 98 48% Royal Dutch (a1.339).... 52 50% 51% 8% 22 Yellow Tr& Coach(Tsc) . Wapes (Department of Labot) - Steads 628 a 13 Cuba Cane Sugar pf. Middle-States Oil 14 42% Safety Cable (4) . 47 47 47 100 90 Yellow Tr & Coach pf(7). Cost of living (Industrial Confe Declining 54% 3913 Cuba Co (4).....--. 1t 1 7 Middle States Olletfs ... 1 35% St Joseph Lead (13). 37T% 36% 37 92% 63 YoungstownS&T “’:i,' - Wholesale prices (Fisher's Index) Declining 3314 20 Cuban Amer Sugar (2). Midland Stl Prod pf (110) 112 112 112 57% St Louis-San Fran (7) 91% 89 89 RIGHTS—EXPIRE. Agricultural prices (Dept. of Agriculture). 104 93% Cuban Amer Sugar pf(7). 3 Miller Rubber ctfs (2)... 34% 83 33 - 76 St Louls-San Franpf (8). 88 87% 88 24% 16 Reading, July 1. 17% 17 17 5| Movement of zoods (car loadings) . 6% 1% Cuban Dominican Sugar. . 4" 1% Minneapolis & St Louis 2% 2% 24 - 43% St Louts Southwestern... 67% 65% 65% Disdend rates na given-sa the above table are the annual casy | Retail trade (Federal Reserve Board) Steady 6 Cuban Dominican Sug pf %! 864% . 40 MinneapStP&SSMpf. 59 59, 59 48% Savage Arms (4). % 17 377 payments based on the latest quarterly or half vearly declarations ‘Wholesale trade (Federal Reserve nmml) Increasing . e s g 5 < (@), 5° 66 423 Schulte Retail St (§8). 49 4T 148 Dhless otherwise noted. oxtra or snectal cividends are not included. | Failures (Dun’s) Steady 1107 71 Cudahy Packing (7)..... 1| 67 573 MStP&SSM Isd lines (4). 66 66" 6 1 Schulte Ref 9).. 1% 3 an Hodk JFaiy exir P % v stock bavase | Hond pricen (\nnaiiat o /104 62 Cushman'sSons (3)..... 24| 47% 28% Missour! Kansas& Tex.. 36% 35 354 20% Seaboard Alr Line 20% 27% 28 VoL A u’mm- = M, e P s B Al - Increas 50 48 Cuyamel Frutt (4). %| 95 74% Mo Kansas & Texas pf (§) 90 89 80% 313 Seaboard Afr Lin 33% 82 83% L s 5y A5n2% % i sieck. | Stock prices (Annallsy 7% % Daalel Boone Wool Mills %! 41% 27 Missourt Pacifio.. . 31% 30 30 123 Seagrave (1.20) 18% 18% 13% - %|av ufi detriarts. E ¥ Stock markgt volume (shares traded) Steady I 2 g 7 3 3\ Compiled and copyrighted by Cambridge Associates, Boston. s \