Evening Star Newspaper, May 25, 1926, Page 30

FINANCIAL, STRENGTH SHOWN BY OLSAND RALS Tobacco Shares Rise—Steel| and Motor Issues Are Not Actlve. ay 25.-The two groups which attracted the most at- tention in today's market on the buy- ing side were the oils and the ralls. count for the strength -in these two =ats of stocks. The oils were simply giving more recognition to the price fnerease announced last week and continued Monday. 3 The rails were taking more notice of the April traffic figures and of the predictions that with the large crop now indicated there would be a rec- ord-hreaking volume of tonnage next Autumn May Mean Higher Dividends. This might easily mean higher divi dends for some of the old established vailway shares. The strength today fn stocks like Atchison, New York , Central, Atlantic Coast Line and Bal- timore and Ohio was significant in connection. _ Chesapeake and Union Pacific, Delaware and Ijudson, Delawave, Lackawanna and Western and Reading were going along with the others. Shares of the anthracite companies were evidently well over the effects of the strike. Wabash was one of the feature: and the renewal of the demand for | Texas and Pacific, which appears to be in & position to pay dividends if it chooses. The Southern road was not held back by the uncertainties of the cotton outlook and the disappoint- ing course which the market for the ataple has heen taking for so long. shares continued more ac- sing prices. United Cigar van up sharply. American Su matra was quite a feature in the buy- ing. It was responding to the an- nouncement that the proposed reor- ganization plan shortly would be put into effect Motors Are Inconspicuous. Motor shares were no longer con- spicuous. During the greater part of the time General Motors was virtually vnchanged and Hudson Motor lower. Jordan Motor, which had closed the day before at 307, went up to 31, then lost most of the gain. There was some further 1alk of the repurchase | of Mack Trucks by people who had soild hizher up. Studebaker was in- clined to sag. Du Pont, on the other | hand, was at one stage up over a point Steel shares for the most part were not at all active. They were losing | no ground. neither were they gaining. Steel common was holding just above nd Bethlehem Steel around 38%% which represented prices unchangel trom the Monday final. l Markets at a Glance NEW YORK, (#).—Stocks higher; rail and equipment shares advance. Ronds firm: public utility issues in demand. Foreizn exchanges easy: irench and Belgian francs react. Cot- ton higher; drought Eastern -belt. steady spot market. f. steady; commission house this Ohio, CHICAGO.—Wheat _irregular: cov- ering May shorts. Corn lower: fine ‘r‘eflwr. Cattle steady. Hogs slow. GRAIN AND PRODUCE. BALTIMORE, May 25 (Sjecial).— White potatoes. 100 pounds, 2.00a 4.00. new potatoes, barrel, 4.00a 10.50: asparagus, 1.50a4.00: bushel, beets, 0210.00: hamper, | sweet potatoes, harrel, carrots, 100, 5.00a7.00; bushel, 40a50; lettuce, basket, 1.00a1.50: cucumbers, hasket, 3.50a6.00; cabbage, bushel, crate, 2.00a2.25; : rhubarh 100, 1.5024.00; 50; squash, crate, 100, 1.50a2.00; bushel, 75a 2.2525.50; oranges, 2.0024.00; !runm h apples. te. 5 50; 0; pineapples. crate, 2.75a strawbery quart, Virginia, 12230; Maryland, 15a20. i Selling Prices at Noon. | Wheat—No. © ved Winter, domestic, no quotations: No. 2 red Winter, cky. spot, 15713 —Cob, spot 3.75 per bbl., nomi- . domestic, Nu. 2 vellow, 77 per bushel in carload lots; No. 2 spot, ex- . 3 spot, export, Sule cargoes on grade No. ¥ white and No. 2 yvellow at 72 per bushel. Bag lot. of nearby No. 1 mixed at.whart at 72, Oats—No. No. 3. 50 e Rye -Nearby, 90a% per bushel; No. 2. export. spot, no quotations. Hay—Receips. 99 tons: under light 1eceipts of the netter grades of tim- | othy. lece Jight clover mixed and hay and a falr demand, the tone of the local a been somewhat firm. | er lately. and because of the light sup- ply of the top grades good medium srades lave also heen moving out more freel Quolannn 1 asked per bushel; per ‘ton today—No. 2 0a26.00; No. 3 timothy, 1 light clover mixed, 2 light clover mixed, i 1 ciover mixed. 24.00a g glmqm 24.00224.50: No. 2 PIG IBON DECI.INES NEW YORK. May 25 (®.—Quota- tlons for pig jron in the Buffalo mar- ket have declined $1 a ton, No. 2 foundry now being $20a ton base. PARIS PRICES IRREGULAR. PTARIS, May 25 (#).—Prices moved frregulariy on the bourse today. Three per cent rentes. 47 francs 90 centimes. Fxchange on London, 147 francs 15 centimes. Five per céut loan, 54 francs 40 crntimes. The doliar was | quotad at 30 francs 32 centimes. DBY GOODS SLOW NEW YORK. May 25.—Cotton goods markets contifued slow today at un- changed prices. Print cloths were quoted at 7% for 64x60s and 83 for 68x12s. Raw silks were quiet and un- changed. TB.EASUEY CERTIFICATES. (Quotations furnished by Redmond & Co.) o 7] THE EVENING NEW YORK STOCK EXCHANGE Am Br Bov Am Hide & Am La Fr ( Am Metals Am Po&Lt Am Stl Fdy: Am Sugar ( Am Tel & T Am Wa Wo Am Woolen Am Zinc pf. ArmourDel Armour of T Armour of I Arnold Con As%0 DG 1sf Asso Dry G Atchison (7 Atl Birm & Atlantic Rel Austin- Balto & O Balto & Oh Barnsdall A Barnsdall B Beth Sti pf. Beth Stl pf Briggs Mfg { Bk-Man T p Bkin Un G( Burns Br B Bush Termi Butterick. Byer & Co. Calif Petrol Calume&H ( Can Pacific Case Thr pf Cerre De P Ches & Oh ( Chi & Alton Chi M1l & St Chi Pneu T CRI&Ppf CRI&Ppf Childs ($2.4 Chile Cop (2 Christle B ( Chrysler Cot Cluett Peab Coca-Cola ( Col Fuel & 1 Col Gas & E| Col Carbon Com Cred (2 Com Solv A Com Solv B Congoleum. Conley (sta Consol Clga Consol Text Cont Insur ( Cont Mot (8i Crucible Stl Cuba Cane S Cuba Co (4). Cuban Am p! Cuban Domi Cudahy Pkg Danlel Boon Deere&Co pi Del & Hud ( Del L & Wn Detroit Ed ( Dodge Bros | Dodge pf (7 Dome Mines (2). Douglas Pec (1). Dupont (119)... Eastman (18). .. Eaton Axle Eisenlohr & Elec Power Elec Refrig “Elet Sto Ba Emmerson B pf. End-John (5). Endicott pf ErieRR. Erie 1st p Erle 2d pf. | Fairbanks (3). Famous Pl Light(* Frat) First Nat 8 Fisk Rubbe | Fisk 1st pf cv(7) FiskR 1st pi Fleischman Foundation Fox Film A Gabriel A(t: Gen Cigars Gen Liec sp! Gen Motors Gen Mot pf Gen Petrm Gold Dust. nmzn. I8 LOWEB. NEW YORK. May 25.—Crude rub- ber, smoked ribbed sheets, was quoted 14 at noon today. This €ompares etterday. Gothm S H Gotham pf 1R, a month ago | Granby Consol.. Abitibi Pow (4). Adv. Rumley. . Alr Aeductn (ti) 110% uzu 110’4 lllM Ajax Rubber. Ala & Vicks(6). Alifed Chem (4). 118% Allls Chalm ().. Amerada (1.60). Am Agricul Chm Am Bank N. 1.60 Am Beet Sugar. . Am Brake Sh (). Am Br Bo pf (7). AmCan (2)..... 46 Am Car&Fdy (8) 95% Am Chain A'(2). Am Chicle (3).. There were no developments to ac-{ am Dryg. .. Am Express (). Am & For Pow AmHo P (2.40). Am Ice (+10). Am Internatl. Am Linseed. . Am Locomot (8) Am Radiator (4) 108 Am Sm & Ref (7) 117 Am Snuff (12).. Am 3umatra. Am Sumat A cfs Am Sumat B efs A Tel& Teleg rts Am T)baceo (8). Am Tobac B (8). Am Typ Fdrs(8) 117% Am Wool pt (7). Anaconda (3). Asso DG 2d (7) Asso Oil (2) Nichols.. Austin Nie pf(7) Baldwin L (7).. Beech-Nut (13) . Bethlehem Steel. British Empire. . BKIn-Mn Tr (4). Brunswick Balk. Brunswick Ter. . Bur Add Ma (3). Bush Ter de (7). Butte&Super(2). Calit chklnzlll 1325 Callahan Zinc. Case Threshing. Cent Leather. Cent Leather pf. Century R pf( Certain-Teed (4) Chi Great West. Chi Gr West pt. . Chi MI1 & St P... C Mil & St P ctfs C Mil&StP pf cfs Chi & Nwn (4).. Chi R1& Pac. 1.5 Colo Southern. .. Col G & E pf (7) Consol Distribut Consol Gas (5).. Cont Can (16) . Corn Prod (2). Cuba Cane Sugar &uban-Am S (3). Cushman’s (8) Davison Chem. . DRG Wstpf... Electric Boat. EP&LDf 40% Elec P & L pf(7) Fed Min & Smelt P 1stt9.44. Fisher Body (3). Freeport-Texas. Gardner Motor Gen Am Tnk (3). Gen Asphalt. . Gen Asph pf (). 103% Gen Elec (c8)... Gen Gas A(el%) 37 Gen Outdr Ad(2) GenRySig(14%) Gimbel Bros Glidden (2). Goodrich Ru (4) Goodyear pf (7). Recelved by Private Wire Direct to The Star Office Low. Close. Open. High. pen. Hig) "“ T2% 2% 12% | Grt Nortn o ) 7o 11 11 11 9% Gt Nor Ore (1%) Grt Wstn Su (8) Green Canan Gult Mo & Nor.. Gulf States S (5) Hartman (2%). . Hayes Wh(131;) Hoe & Co A Homestake ('7). Houston Of Howe Sound (3). HudsonMan(2%: Hudson Mo(3%) Hupp Mot (1)... Tllinols Cen (7). Indep Of1 (1)... Indian Motor (2) Indian Refining. Indian Refgetfs. 8% Inland St (23%).. 37 Inland Stl pf (7) l09’6 Inspiration (2). Interurb Rap Tr. Intconti Rub(1). In Ag C pr pf(7) nt Bus Ma (3).. Int Cement (4).. Int Com Eng (2) Int Harvstr(8).. Inter Har pf (7). IntMtch pf(3.20) Int Mer Mar pf.. Int Nickel (2) Int Paper. . Int Paper pf (7). Int Ry Cent Am. Int Tel & Tel (6) Intertype (t1%5) 8% llfilfi 115 116% 116%114% 116% 81 80% 80% 24% 26% 18% 18 18% 8% 115% 81 24% 18% 57% 41% 22% n7 E1(2) 3‘% 19% 120% 26% 20 10 46% 45% 45% 96% 96% « 95% 24% 24% 24% 38% 38% 38% 5% 6% B% 116 116 116 1% 24% 384% 5% 118 Le: 1) “).. (g1). 52 135 40% 68 12% 1874 1% el(9) 148% &% 115% 114% s (3). 5) Jones Bros Tea. Jones & Lau (7) Jordon Mot (3). Kan City South. Relly-Spring. Kennecott (4).".. Keystone T & R. Kresge 8S(1.20). Kresge Dept 8. . Kresge DS pf(8) Lago Ol & Tran. Lambert Co. .. Lee Tire & Rub. Lehigh Val(31%) Leh&Fink stf(3) T.ite Sav (1.60).. Lig&ME (t4).. Lima Loco (4).. c1.20 pe(T 1(A) 11(B) m).. £(6) . (21) wnv- ) At AtIC Line(+91) "00 Atl Gulf & W1 fing... lle 18% EH Dorillard (3). Loulsiana Ofl LouisGasA (1.75) Louls&Nash (6). Ludlum Steel. .. kay pf (4).. Mack Trucks (6) Macy pf (7) an El Sup(41%) 0(5) . pf(4) 2). 2 .. 8).. Booth Fisheries. Botany A (4)... Market St prior Marland Ol! (4). Marlin Rock (2 Martin-Pary(2). ¥ Dept St (5) Maytag Co (2).. Mexican Seahd. . Miami Cop (1).. AMid-Continent Middle States Miller R ctfs M St P & SSM pt Mis Kan & Tex. . Mo K & T pf (6). Missour! Pacific. Missour! Pac pf. Montgom Ward. Moon Mot (3). Mothr Lode(75c) | Mo Picture(133) Motor Met(3.60) Motor Whi (2).. Murray Body. .. Nash Motors. ... Nat Biscuit (4) t Biscu pf (7) t Cash Reg(3) t Dairy (3)... Nat Dpt Stores. . Nat Distillers pf Nat Enamel & S. Nat Lead (8). .. Nat Lead pf (7). Nat Po& Lt(40e) @B)L- £06). t11). 4% 26% 10% 38 8’ 26% 9214 @). nal. . (R).. 82u 15 14% 161 84% 113). (10). M. 105'% 105% 8% 9u 4T% 474 83 . 123% 8 Yih 20% 107 18% t12). pf.. Ppf (5).. Nevada Cop (1) N O Tex & M(T). NY Air Brake(2) NY Air BrA (4). NY Canners(c2) NY Central (7). NY Chi&StL(11) NYCEStL nf (6) NY NH & NY On & West .. NY Rys part cfs. Norfk & Wn (8) North A (B3.40). North Am pf(3). NthAm Ed pf(7) North Pac (5)... Norwalk (1.60). . 011 Well 8up (2) Oil Well S pf... Omnibus. . Omnibus pf (8). Onyx Hos pf(7). Orpheum Cir(2) Orpheum pf (8) . Otis Elevator (6) Owens Rot (14). Pac Coast 2d (4) Pacific Gas (8).. Packard Mot (2) Palge Mot(1.80). Pan-Am (6).... Pan-AmB (6). .. Pan.AmWnRB(2) Panhandle. Park & Tilft Park Utah (60c Pathe Ex (c3)... Penick & Ford. . Pennsy RR (3). Penn-Seab Steel. Peoples Gas (8) . Peoria & East... Pere Marq (18).. Pere Marq pf (5) PhilaCo (4).... Phila& RC&T Philip Morrls Phillips Pet ( Plerce-Arrow. Plerce-Afrow p! PlerceOfl...... Plerce Petrolm Pitts Coal. Pitts Ut pf 11,30, PItU pfct nt1.20 Pitts & W Va(6) Postum (4.40) ... Pressed Steel(n) | Prod & Refiners. Pub Ser NJ (5). Pub S NJ pt (7). Pullman Co (8). Punta Aleg Sug. Pure Ol (H).... Radiq Corpof A. Radio C pf (3%) Ray Cons.Cop (1 Reading (4). Reading 24 (2 Remington Type Remingtn 2d (8) Replogle Steel. . Rep Tron & Steel Reynolds Spngs. Rey Tobac B (4) Robt Rels & Co.. Rossia Ins (8). Royal D(al.339) Safety Cable (4) St Jaseph L(13). StL & SanFr (7). StL&SanF pf(8) St L Southwest.. St L Swn pf (6). Savage Arms (4) Schulte (§8). ... Seaboard Afr L. Seabd Alr L‘Df .). (6). (7). U 12). 32% 1.20) 42% rD(3) 30% (5). 634 149% 39% 60 775 1128 63 87 100 484 ron.. 1(5) “4).. b “ ) r 54w 4ty 934 13, 74% 126% 10' 40%. 67%. 8% as 51 24% 103 1 fle. 6) 0c) 5). u pf. £ n 2 (7). 83w 95 % 365 (1) 106% 9).. 161 (17) 136 41 8).. 130% ClAa 23% ).... 82 14 19% 215 e B1% 1% 119 21 86 8% 2% (2) 4% Bro. 124% &1t 18 (7) 100% 921y 65% 1 (12). t(16) a 35% .. 1.40) 1244 30 45 97 (1%) 33 814 .. 16% 95% 8% 43 91 63% 33% 34 6% 44 £ 8(7, (2).. (8). (4). 4%). (4y.. 61% 315 (60c) 11% (118) 123 (7). 1]8% 118% 117% 28% 28% 61% 3% 49% ii: % 29% (Z%) % 42 (.. lll’t 104% .108%. 19% 19% 19% (3).. Simmons($2.25). Simms Pet (1). Sinclalr Oil. . Sinclair pf (8). Skelly Oil (2) 42 |'SlossSheff (6 128 103% | South Port 8 (8) 96 19% | Sou Dairies A(4) 46k " 464 Low. Close, ! 738 4% ! 19% 93 11 2% 684 26% 32% 18 63 60% 33 3% 62% 19% 120% 120% 26% 26% 20 21 109% 109% 21% 21% 51 61 UK 14% 81% 81% 44% 45% 54 B4 50% 51 114% 116% 121% 121% 60% 60% 36% 36% 34% 34% 60% 51 90% 90% 27% 27% % 121% 125% 23% 28% 82 32 11% 11% 116% 116% 80 380 41% 12% 63% 5 46 19% a4 12% 63% b 45% 19 % - 33% 34% 4 123% 1234 L9%% 96 98 4., 4| Tenn Copper (1) STAR, WASHINGTON, D. €. DEMAND CENTERS INUTILITY BONDS Active Inquiry Noted Today for Higher-Grade Issues. Oils Strong. |Bllu are:in §; Lib3%s. .. Lib 1st 4% Lib2d 4%s. Lib 3d 4%n. Lib 4th 4%s 83% [ 44 l US4%ss2, FOREI| Argentine 5 BY GEORGE T. HUGHE! Argentine Argentine Special Dispatch to The Star. Argentin NEW YORK, l\lnv 26.—Investment | Argentin, tered upon the public utilities. on the exchange and in the over- the-counter trading there was active inquiry for the higher grade of these issues. | Prices now have recovered all the. loss sustained after the defeat of the bill to' make electric light and power | ggiyia'g, and gas obligations eligible for sav- | grg ings bank holdings in this State.| gy oo The action of - Massachusetts in g adopting a law along this line seems | Canada 65 1931.... to have more than compensated for | Canada 5s 195: the delay in New York. Canads 5% 1920 ¥ hile 78 1943. Make New Highs. Chile 85 1941. At any rate, typical bonds, such | Swiss5%s 1946. . as Brooklyn Edison General 5s and | Chinese Gov Ry 6s. Consumers Power 5s of 19562, made | Christiania 6a new high records n today’ - Lrading | Con Pow Japa rompL sale of the new $5, Copenh:; Washington Water Power general | Gone soe mortgage 5s, offered today on a 4.95 per cent basis, was another indica- tion of the strength of the public utility investment situation. In bonds offering a higher vield the Brooklyn Manhattan Transit 6s con- tinued their advance, equaling the | Dutch EastT - record high established vesterday. | Dutch EastT6s62. 22 In part, the strength here was due | El Salvador 83 48. to the favor displayed toward the|Finland7s.. utilities, and in part to the more | Framerican7is. confident feeling about the outlook | French 7s for New York City tractions. Most | French 7%s of these last named bonds held the |French8s. £ains of the day before today. Inter. | German Ei P 834s. horo refunding 5s and Third Avenue | German 7s refunding 48 were especially strong. | Ger Agr Bank7s. There was a remarkable demonstra- | Ger Gen Blec 7s. toin in Northern Ohio Traction and | Greek 7s Light 6s. which at 99 were not only | Haiti 6s. i at'a new high but up over 3 points | Holland Amer 83 s. from the low of yesterday. Ameri- | Hungary 6%s can Telephone and Telegraph 5s of | Italy 7 1960 sold at their previous tov. Japane: b A feature in the industrial group |Japanese6%s 156 was the strength in the olls, notice- | Tergens UM 62 47. 14 ably Skelly 6gs, Pan-American Pe-|Marsellle 6 troleum 6s and ‘the Sinclair honds | Mexico 45 04 asntd. generally. The 6'4s and 7 per cent | Mexico 4s 10 asntd obligations of the ‘Sinclair Co. are [ Montevidio7s..... selling on a better than 7 per cent | Netherlands és ‘I basis. Remington Arms 6s were the | Netherlands 6s 72. object of special buying. They sold | Nord §15=. vesterday at a low of 85'; and today | Norway 53s. got up to 91. Botany Consolidated | Norway 6s 194 Mills 6148 and Murray Body 6%s re- | Norway covered a part of their recent losses. | Norway s 1952 Cuban Obligations Supported. | oiianiDey deh oo Obligations of the Cuban sugar | Paris-Ly Med 7s. producing companies received better | Paris Orleans 7s. support. This was true especially of | Peru 7% the Cuba Cane honds and of the | Peru8s Manati Sugar 7138. American Sugar | Poland Refining 6s were up fractionally. Poland Changes in the foreign group wi | ;IOl " eqpeclfl{:r‘h lmpurélnt Polish | Queensland 7s bonds were er, and the German Itallan issues dragged Rio Gr Do Sul 8% New offerings besides the Wash- | ag paulo City 85 ington Water Power bonds included Sao Paulo 8s 1936 £5.000,000 Indiana Limestone 10-yvear Sao Paulo 1950. 7 per cent debentures to vie'd 2| Saxon (PW) 7s.. per cent, and $8,000.000 Kresge | Seine 7 42 Foundation 10-year collateral trust | Serbs Crot 810 8s. . 6 per cent notes at 100. Solssons 6s. .. —_— e Sweden :’All‘. Sweden 6s. . BAR SILVER PRICE. BUtas Conted ts NEW YORK. May —Bar silver, | Toho Elec Power 7 643,; Mexican dollars, 491, Utd Kingm 5lp= 29, Utd Kingm 513537, 25 Uruguay 8 10 . 80 Bank of Chile 6%, Bank of Japan § -aelflum 6. Belgium 6, Belgium 7s. Belglum 713 Belgium 8s. Czecho ll 1951 . Danish Munic 8s A. 14 Denmark 6s. 40 £ 15%s M 16 Gs 2 —_— Sou Dairfes B 30% 304 307 South Pac (6) 101 101% Southern Ry (7). 111% 112 South Ry pf (5). 90 90 Spicer Mfg...... 20% 20% | Am Chains. ... Stand G & EI(4). 52% 52% | Am Cotton Oil 5s.. 1 Std G & El pf(4) 57 |Am Repubdeb6s.. % St Oil €al-(2).. 567 | Am Smit& R 1st s 16 StaONNJ (1), 44% 44%|AmSmit&REs. ... Std Ol NJ p£(7). 118% 118% | Am Sugar ref 6s. Sterling Pro (5). 8% 793 [ Am T&Tcl trds. Stewart War (6) 70% 70%|Am T & T cl tr5s. Studebaker (5). 48% 48%[Am T &Ts6n Submarine Boat. 24 24| AM T &T debS; Sun Ol (§1). 325 324 | Am Water Wks 5s. Superior Oil. 2 2% | Am Writing Pap 68 Symington. 8% 81| Anaconda 1st 68 11% 12 |Anacondacvdbis B1% b2y | Andes Cop Ts rcts. . 5" | Armour&Co 4%s rt Armour Del 5% Assoclated Oil 6 Atlantic Refin § Barnsdall 68 otfs. 3% 38% | peil Tel Pa 68 B 88% 34%| Bell Tel Pa5sC. 924 92% | Be(h Steel pm Ajax Rubber 8: Am Agr Chem 5 Am Agri Chem T%s 12 18 xas Co (3)... 'nx Gulf S (10). Tex & Pacific. .. Tex & Pac C & O *Tex Pac Ld Tr. ‘The Fair (2.40). Third Avenue Tide Water(1%) Tide W OI1 pf(5) Timken (14)... Tobac Prod (7). ‘Tob Prod A (7). ‘Transcont Oll Underwood (4).. Un Bag & Paper. Un Carbide (5) UnOfl (2)... Un Pacific (10). Un Pacific pf(4). Un Tank Car(5). Utd Alloy (2)... Utd Cigar S (e3) Utd Drug (8)... United Fruit (4) Utd Ry Invest.. Utd Ry Inves pf. USCIP&AF(10) U S Distributing US Hoffman 3% U S Ind Alcohol. U S Realty (4). U S Rubber. . U 8 Rub 1st (I) U SSmelt (3%). USSmpf (3%): 484 U S Steel (7).... 122% U 8 Steel pf (7). 128 Universal Pipe.. 19% Utll PEL A (e2). 31% Vanadium (3)... 84% Vick Chemical.. 44% Va CarCh(n)wi. 14% Va-CarCh 6% pf 49 Va-Car Ch df(7) 95 Va-Caro Chem. . Vivaudou. ‘Wabash....... Wabash pf A(5)- ‘Waldorf (1%).. ‘Walworth (1.80) ‘Ward Baking B. ‘Warner Bros. ... Weber (4). West P El pf(7). West Maryland. ‘West Md 2d pf.. West Pacific. West Pac pf (). West Union (8). 1 Wasthse ABr t6% 112 Westinghse (4). 664 ‘Weston Elec.... 15% Weston A (2)... Wheel & L Erle. White Eagle (2) White Mot (4).. ‘White Rock (2). ‘Wickwire ctfs. Wlllyl-Ovlrllnd Willys Od pf (7). ‘Wilson & Co new e ‘Wilson pf new. , Woolwth'W(lE) l‘llt ‘Worthn Pump... Worthtn A (7). . Wright Aero (1) Wrig Wm (14).. Yel T&C(76¢) Yel Tr&C pf(7) . Youngstown (4). Beth Steel 68 3% 3% | Bklyn Ed gen 5s 52% | Bklyn Union 6335 26 | Bush T Bldg 63 60. 8214 | Calif Pete 634s. ... 44% | Chile Copper 68 32. 1490 149% | Col Gas & E bs at 79% 79% | Commonwlith P 6s.. 92% 923 | Con Coal Md 1st §s. 28 28 |ConGasNY5%s..?2 984 95% | Consumers Pow & 82's 52' | gat Cub: Sug 1% 9% 9% 49 3 50 9% Go |Emmrel ¥ il r 68 1941. s Troreney 58, . HumbleO & R 6%8 Tilinots Bell 18t 58. & Tllinois Slnl {%I Indiana St Int Mer M Int Paper 6s 47. 63 103% 82 » | Liggett & Myersbs. Tin 42 |Liggett & Myersts 10 19% 19% | Lorillard (P) 58.. - 16% 16% uuuu Bugar st 7% . 27 - 274 | Mid-Con 8%840... 15 14% 14% Midvale Steel 5 16 88 531 | Montana Pow 98 98 |New Eng Telbs 11% 11%|N Y Edison bsd... 1 N Y Edison 8%s Y G ELHE&P 4s. NYGELH&P5s. 11 1487 NY Tel 4s- 33 1z 13 h;;‘l. 41, 66% | N'Y Te 16% 154 | North Amu s 20 29 |North AmEdl 4 43 ek 143% 142% 143 28% 26% 7 6. 3% 81 Siw ik 21% | > gorv Gas 548 64. 97 97 rms 63, 34 Tow 33 73 |Remiugin A Diridend rates as siven in the sbove akle | Sal mths inual D? ments on decl: e ;; iz Shitaet 8 icl ded - Bio, Tosular rate, *Partly s & Co sf 7 ! Hign. Low. l 100 26 100 24 100 24 9 10221 102 15102 19 121 100 25 100 23 100 26 140 1016 1014 1016 172 1034 1031 1031 401 101 12 101 10 101 10 81 10410 1047 1041C7 30 10811 1085 10811 Iren & Steel Il m» TUESDAY. . MAY 25, | ON NEW YORK BONDS STOCK EXCHANGE I ved by Private Wire ivect to The Star Ofiice. UNITED STATES. 1.000.) Close. GN. sm- High, Low. Close. 89 88% 88% ’l% 9!‘/- l.l“ lol“ % | Wilson & Co 1at 1 Skelly Ol1 6% South Bell Tel 58 So Por Rico Sug Southwest Bell 5. Sug Est Odlent 7s. . ‘Tenn Elec Pow €8. s 5 Toledo Edn 1st 7s.. 10 Vertientes Sug s. . Warner Sug 78 39. . ! warner Sug 78 41.. [ West Elec bs...... Westn Union 6. Westinghouse 7s WillysOv 6%s33.. ‘Winchester A 7% Youngstn S&T i | Atchison adj 4s. K Atchison gen 4 Atlantic CLL 1s AtlanticCL 7s AtL& Dan 1st s 48. Atl & Dan 2d Bklyn Manhat és. . 1 EuRREPlu“A'. Cln Nat 41530, l"lnlfl Pac deb 4 Centof Ga 5%s. ‘| Central Pacific 4s.. 921 118% 104'% 108% ™M ISCELLA N EOUS. 108% 103 103% 4 100% 954 99% 100% 107% 101% 994 102% 1031 o9 Cent Pac 1st 58 90 Ches & Ocv 4% Ches & O gn 418 Chi & Alton 3%s. .. Chi & Alt 3%s ctfs ChiB& Qgn4s 68, Chi B& Q 1st rf bs. CB&Q-TN3Ys. .. Chi&ETgnbs. ... Chi Great West 4s. CM&Puget S 4s. . CM &St P 4s 25 efr CM&StPdeb 43 cfs. CM&StPgnss.. CM&StPeviys, CM&SPevdtisizets CM&St Pri4lps. . CM&StPr4ys cf!l CM&StPevie. . CM&SP cv bs cfs 14 CM&StPés . Chi & NW gn 31&' ChiR 1 lPrf Il ChiTH&SE 5= Ch! & W Ind cn 4s. C&WIE%e62. CCC&StL 4% CCC &St Lbs. CCC&StLreenA. Cleve*Term 5%s Colo & Sou 4158 Cuba N R 6s 66 Del & Hud 1st rf 48 Del & Hud cv 55 35. Del & Hud 5%s. Den & Rio G cn 4 D & Rio G Imp bs. . D Rio G West bs Det United 4% Erie 1st cons 4 Erie gen 4s. Erfeconv 4s A. ErieconvdsB.. Erie conv 4= D Erie Gene: Erie (Pa) cit tr 4s. FlaEC5374.. FlaEC 74 new Gr Trunk sf db 6. . 3¢ Great North 58 Great North §%s.. 10 Gr North gen 7 26 GreenB&WdbB. | Havana ERL&P 50. Hocking Val 4% Hud & Man ref Hud & Man aj 5 111 Central ref 4s 111 Cen 4s 53. 11l Central rf 58 55. 111 Central 5%s m-c-c StLlNO 5s Int Rap Tran §s... 178 Int Rap Tr 5s stpd. 25.! Int Rap Tran 6s. .. Int Rap Tran 7s. 1 1 7 B 1 5 926. 108% 106 93% 93% 93% 107% 107 107 112% 112% 112% Sales. High. Low. Close. 75 139% 137% 139% | 102% 102% 102% 107% 107% 107% 1027% 102% 102% 96% ‘96% 96% 105% 105% 106% 108 106% 102% 108 106 102% 105% 105% 105% 102% 102% 102% 96% 88% 96" 8854 YO L 108 1031 108% . 19 108% 103 -RAILROAD. 3 103 83 92% 92% 92% 9% 4% -94% 106% 106% 106% 69% Sile 69% 81's 9% 9l% 9t 9% 96% 96% 96% 98% 98w 98% 104% 104 104% 108% 103% 103% 108% 108'6 1084 91% 91% 91% 101% 101% 101% 80% 80% 80% 97% 974 9T 91 99 90% 99 9l 99 115% 116% 115% 19. A 101% 101% 10814 108 97 9314 107 g tn 111% |05‘\ 804 109% 974 100 100% 107% 1024 107 Ill 107% 108% 102% 78! lo..:. 3 Kan City S bs. Kan City Term 4s. . Lake Shore 4s 28 Lake Shore 45 31 Lehigh Valcn 4s Lehigh Val 65 2008. l! Louls & Nash 6‘&!. Man Ry 1st'90. . Man Ry 2d 4s 2013 Market St 7s 40. MIIEIRy & L5s. .. MStP&SSMb5s38gtd ?5 M StP&SSM6%s. 1€ MK&Tadjbs.... 94 MEK&TprinbsA. Mo Pacific gen 4s. . 7 2 s [ zs 7 33 Nassau E Ry 4s 67. NOTex&M inbs. NOTex&M5sB.. 14 N Y Cent 45 98 N Y Centdeb ds. .. NYCrfim4%s13 NYCentriss NYChi&StL 5%sA. NYChi&StL 5%sB. 30 NYC&stLés Ry stu(oRy"fi E NYW&Bosd% 14 Nor & S gen 68 54. . ll 84 | Northern Pac 3 1 | Ore Wash 1st rf 4s. 004 | 8¢ 104% 105 1081 103% 1084 1074 107 1074 105% 105% % 1.110% 110% 110% | go, 107% 107% 107% 107% 106% u'm Northern Pac 48 Northern Pac 5 Northern Pacr 1 6s. 87 Ore & Calif 1st 6s. . 12 OreShort Lrfsds. 2 8 Pennsyl con 4%s.. 1 Pennsyl gen 4%s.. Pennsyl gen bs.... Pennsyl 68 64. .. .. Pennsyl 6%s Pennsyl gold 7i Pere Mar 1s Pere Marq 1st & PCC&StLE PCC&StLSs'B 75. Portkbt?fill!. PorRL & P65 47. Reading gen 4%4a. . ln 8 StIIM&SR&G (. 3 StL&SFpl4sA.. 90 prings. 14 10345 100 108 106% 9!‘ B 864 7% €8% 9% T 49% 49% 98% 96'% 59‘4 FINANC 10,000-Year Lease Of Road Approved l By Maryland Body| Special Dispatch to The St BALTIMORE, May 25.—Leasing a portion of railroad lines in Penn- | sylvania for a period of 10,000 years was approved yesterday after a | hearing by the public service com- mission. Application to enter into the lease was made by the Castle- man Valley Railroad Co. The company, having received authorization from the Pennsyl- vania public service commission and the Inter-State Commerce Commission, needed only the rati- fication of the Maryland body to complete the transaction. . The Castleman Valley Rallroad. which was built 25 vears ago in connecilon with lumbering opera- tions, operates from Bittinger, Gar- ret County, to the Pennsylvania State line. Another portion of the road extends from the State line for slightly over a mile to connect with a branch of the Baltimore & Ohio Rxllrud. it was said. WHEAT HAS SETBACK, BUT RALLIES LATER Unfavorable Crop Reports Fail to Boost Prices Greatly—Liver- pool Market Is Weak. By the Associated Press. CHICAGO, May —Despite un- favorable crop reports both from the Northwest and Southwest, wheat prices underwent an early sethack to- da)'. Relative weakness of the Liver- pool wheat market, together with some moisture in the Northwest, had a bearish effect. Opening unchanged to 1 cent lower, wheat declined all around, but later rallled. Corn and oats were easy, corn opening un- changed to a half cent off and then showing a general drop. Provisions developed firmness. Selling of some wheat into store here todayv helped to relieve tension as to settlement of May congracts. Re- ports were also at hand thdt weather 104% 99 % 102% 103% 108 7 93 108% w7 94 1104 106% 8% 9% 3% 80 109 S7%, 997 99% 107% 102 106% 113% 107% 103 1024 105 6945 924 984 IOSK 100 108 106% 7% 61% 61% a’ 7% 96 99 102% 827% 108% 108 97 93 i 97 lGi 102'51 2% -72% 7214 97%. 9T% 9Ty 106% 106% l(l‘% 106% 108% 106% 62 62 62 100% 100% 100% 10015 100% 100% lomt 104% 104% 88% 954 9 5% 97% o7 97% 10514 105% 105% 104+ 108% 1087 104 103% 104 103'4 102% 1025 T4y % 4% 654 654 65l 1.2 35 89% 1 103 1014% 89% 103 102 3% 344 62% 8% 84% “!fi 10! 118% 113% 113% 100% 100% 1004 9B 934 sy 984 87 984% 87 8% 106% 106% 106 102% 10216 1023 103% 103% lo!\ 1023 102% 10274 1084 1034 103% ; 924 921 924 1004 100% 100% | Ch 924 llfi 12%- 9% k() K IKID <12 l.lK 102 53 973 1\6 u IK 9’ 1102w 102% 103% 86% 8% 2% ki ais| ™ L 98y 90 - HK 7 111% 111% 111% - 18 117% 1175% 117%. B % 9N 8K 98 yl. MU MUY N% throughout Europe had improved and that export demand was therefore likely to continue of a hand-to-mouth character. According to a statement today from a leading authority a liberal allowance for the Spring wheat crop in the United States this season is 240,000,000 bushels, as against 271, 000,000 bushels in 1925. Reports cur- rent today sald an average crop in important sections of North and South Dakota this season appears im- possible. WHEAT— Yav (new) . L GHICAGO LIVE STOCK HAB.KET CHICAGO, May 25 (United States Department of Agriculture).—Hogs— Receipts, 20,000 head: steady to 10 lower than yesterday’'s best prices; lighter-weight show daclines: big pack- ers inactive; bulk, 240 to 325 Wllnd butchers, 13.65a14.10; bulk better to 225 pound weight, 14.15a14.30; ml» Jority desirable, 180 pounds down. 14.835a14.50; latter price top for 140 to 170 pound averages; bulk packing sows, 12.25a12.45; sorted killing pigs, 14.25a14.50; heavy-weight, 13.35a14.15; medfum-weight, 13.85a14.40; light- ‘weight, 13.50a14.50; light lights, 13.60a 14.50; packing sows, 12.10a12.60; slaughter pigs, 14.00a14.50. Cattle—Receipts, 9,000 head; fed steers, fairly active; generally steady; spots strong on desirable light year- lings: choice weighty steers very scare best matured steers, early, a load of yearlings at same price; light-weight heifers, 9.85: fat she stock steady to strong: canners and cutter, weak: bulls, weak .to un- evenly lower; vealers. strong. mostly 12.00a13.00 to packers; outsiders, up- ward to 14.00. Sheep—Receipts, 6,000 head: active; fat lambs mostly 25 higher; spots up more: desirable clipped lambs averag- ing 92 pounds downward mostly, 15.50 a16.00; few lots of native springers, 18.00; no early sales of Cnl"ornin pringers; few lots of fat ewes, 7.00 25; steady. FOREIGN INVESTXENT TRUST. NEW YORK, May 25 (#).—The ,flrsl Federal foreign investment trust, organized several months ago under the terms of the Federal Re- serve act to ald and supplement the facilities now afforded to foreign borrowers by investment and com- mercial bankers has received final authority from the Federal Reserve Board to begin business, and has opened offices in New York City. Ap- plications for financing. amounting to nearly $7,000,000, have been I celved from European sources, it was sllled DAIRY PBODUCTS BALTIMORE, May 25 (Speciall.— Live nonl'.ry—s;arlng chickens, pound, 40a50; Leghorns, 35a45: old hens, 30; oldi roo:;orl, %0 dllc‘ku.ll7128 pigeon: pair, guinea fow! h, ; old, 40a50. s Tres Eggs—Recelipts, 1,011 cases; native and nearby firsts, dozen, offered at "!B%IZQ i utter—Good to fancy creamery, pound, 40a43;° prints, 43ad5; lldl:y 32a33; store packed, 28; dairy prints, process butter, 35a36; rolls, e SHORT-TERM sEcmrms (Quotations furnished by Mnong' & Co.) oon.—— Agirond, P. & of A 103 ' Afll!r Bul .}. 3 "!] FERERESRE = 53385, &t 2305 38232332328 TEEEErE SR bt bt bt s $i33e255s885350s = L SRR e o 3 & ESEENRE R 985% .' '3 108% IOIK 108% ll llz% 102% 102% 102% 102% Iol 1084 103% 24 103% 103% 103% 18 12% 12% 134% S 100 - 9% l 1188 88% 4| Weat Shors 1st 4s.- 16 864 Son wu% ‘Wisconsin Cént 4. IAL. (GAPITAL TRACTION MARKET LEADER | Stock at 103 1-8—Bankers Urge Aid for Farmers—Rail Earnings Up—Notes. BY EDWARD C. STONE. Capital Traction stock led th trading on the Washington Exchange today in a market tha’ was unusually quiet. Thirty shares of the street rallway company lssue figured in one sale at 103%. Nex! in importance in the session’s deal- - ings came the transfer of 20 shaves of Washington Railway & Flectri preferred at 89 flat. this transaction being followed hy a turnover of 1% shares of Washington Gas Lizht stock in two lots at 68%. There were but two sales in the bond division. Washington Raflway & Electric 48 came out at 82%, while Poiomac Electric cons. 5s figured in a small turnover at 10013. Bankers in Plea for Farmers. Inquiry among Washington bank- ers shows that there is a wide diffe ence of opinion over action ths Congrese should or should not take in aid of the farmers. Many he- lieve that the plight of the farmers i« one that Congress cannot or, hetter perhape, should not deal with di- rectly because any special assistance may come under the head of class legislation and be illegal. On the other hand, several bankers insist the farmers certainly need help and must have it sooner or later. They have no union through which to de. mand and obtain higher pay for thei work and products. Unlike union men they receive no extra pay for over time toll, although they work from dawn to dark during the harvest sea son. Furthermore, they have to he on the job 365 days a vear, as the - cows have to be milked and the horses and other animals fed. National prosperity, the bankers say, depends to a great degree on the prosperity of the American farmers and it is wholly unfair for the agri cultural workers of the country not 1o get splendid financial rewards in proportion to the efforts they put forth. Stock Offering Announced. ‘The Samuel R. Harris Co., Ine. * gdged in the fleld of Washington building construction and realty devel opment, is offering to the public for the first time the unsold balance of 30,000 shares of its 8 per cent cumu lative preferred stock at $10 per share * and 30,000 shares of its 8 per cent preference common stock at $2.50 per share, in units of one share of each at - $12.50 per unit. This issue will cover immediate increase and enlargement ° of the company’s building and real estate developments in Washington. officers sald today. The present officers of the company * are Samuel R. Harris, president and general manager; Raymond G. Moore. vice president and assistant manager Henry Gilllgan, vice president. gen- eral counsel, secretary and treasurer: P. E. Harris, assistant secretary and treasurer, and Forrest H. Riorden. manager investment department. Southern’s New Record. Southern Railway's April gross - revenues were approximately $13.000 000. exceeding the best previous April of $12,658,776 in 1923, and comparing - with gross of $12.221,292 a year ago. A significant contributing faetor is the continuance of increase in pass enger receipts. April being the eighth . consecutive month that revenues from this source recorded an improve. ment .over corresponding month eof preceding year. < The North American Co. has de clared regular . quarterly dividends of 2%% in common stock on the com mon, and 75 cents on the preferred. both payable July 1 to stock of rec ord June 5. Debits by banks in all reporting centers in the Richmond Federal Re serve district totaled $315,753.000 dur ing the week ended May 19, $291,840. 000 during the comparative week last vear and $297,391,000 during the previ ous week in 1926. Cooper Discusses Credit Banks. In an address at Montgomery. Ala Commissioner R. A. Cooper ‘ef tha Federal Farm Loan Board declared the intermediate credit banks have never sought to render a rediscount- ing service except whers local bank- ing facilities have been inadequate. Where their policies have been un- dersiood their service has been wel- comed by the banking fraternity. “Their future power of usefulness. he said, “will be just what the farm- Stoek .| ers, on the one hand, and bankers, on the other, want it to be. It should continue, as it is now, a. stabilizing influence. a reservolr of credit to go to during a period of distress or temporary embarassment, or for a long pull as in the growing of herds of livestock, where so much as three years' credit may be re- | quired.” Poppy Drive Great Success. In the banks in Washington today were stationed many very attractive young women who were selling pop- pies in connection with the big drive * now being carried on by the Amer! can Legion. .Bank customers, as wi as officials and employes, were \er,\ generous in giving the campaign a boost, and “buddy popples” were very much in evidence in all the city's financial institutions during the day. Phone Rights Prove Popular. New York reports that the new : American Telephone and Telegraph rights show steady accumulation in Wall Street. The rights advanced fractionally vesterday in sympathy with the higher price for the tele- ° phone company’s stock. While these rights are listed on the Washington Exchange, most of the trading in them is done through the New York - Exchange. - Latest Cotton Forecast. . World consumption of 14,000,000 bales of cotton next season at around the present spot level is forecast to. day by the Brookmire FEconomic - Service, Inc.. in a bulletin based on an analysis of world conditions as to supply and demand. The bulletin places the world supply = for 1926-26 at 19,400,000 bales Ameri- can cotton—a figure based on the crop of over 16,000,000 bales and a carry-over of 3,300,000 bales. First Woman Railroad Head. Mrs. Sarah-Drain Edenborn, widow of Willlam Edenborn, the immensely ‘wealthy builder and sole owner of the 700 mile Louisiana Railway and Navi- gation Co., has succeeded to the presidency of the company, it was an- nounced at New Orleans yesterday. As far as Wall Street could remem- ber today, this is the first time a ‘womdn has taken such a position in a railroad of importance. Mrs. Eden- * born was said to be more than 70 years old, but to be well versed in the executive phases of the Edenborn * line because of the keen interest she | had always taken in her husband's business activities. iR g BUTTER IS I.owu CHICAGO, May 25 (#).—Butter lower; receipts, zs'm ulha creamery - extras, 40 standards, }( extra nn‘g; 39239 firsts, 37a38: S1a36.