Evening Star Newspaper, September 15, 1926, Page 30

230 ¥ AN ISSUES GAIN TIN IN STOCK MARKET Large Number Selling Ex- - Dividend and Some Make Up the Deduction. BY STUART P. W, ispatch to The Star. W YORK, September 15.—The ket continued strong today, with sactions on @ larger scale. This did not denote much of an increase lin outside interest. but it did_show more confidence on the part of pro- fessional dealers, after their experl- “ence on the short side last week, that the underlying position was xirong. A large number of stocks sold ex- dividend and a number of them made upp the deduction from the market price. Among these were Hudson Motor, Mack Trucks and Yellow ‘I'rucks. Tobacco Products sold at « new high for the year. Consolidated . Cigar, ex-dividend, was strong, and ‘udahy Packing was quite a feature. ! I'he latter is a 7 per cent stock, which juntl today was selling under par. 1t is evidently being bought on the atiractiveness of the yield. Railway shaves were strong again. ANCI1AL H Open. High Abitib! Pow (4). } Abrahm&sStraus. | Adams Exp (8). | Adv. Rumley.... | Ahumada (v1) Air Reductn (5). Alax Rubber. ... Albany Papr (2) Allled Chem (4). Allis Chalm (6). Allls Chal pt (7) | Amal Leather. .. Amerada (1.60). Am Agricul Chm Am Agri Ch pf. Am Bank N. 1. Am Reet Sugar.. Am Beet Sug pf. Am Boseh Am Brake Sh(8) Am Br Bov EI(3) AmCan (3)... Am Car&Fay Am Chicle (3).. Am Drue.. Am Express () Am & For Pow. Am Ice (+10) Am Ice pf (6). Am Internatl. .. Am La Fr (1). Am LaFra pf(7) Am Linseed. ... Am Linsd pf (7). Am Locomot (8) Am Mach & Fy Am Metals (4).. Am Po&Lt /g1). Am Ship & Com. Am 8m & Ref (71 7 . Low.Close. | 97% 974 97 54 17 14% % 131 9 27% 132% 89 109% 19% 1% 16% 6% 39 224% 59% 20% 138 46% 86 101 39% 9% 124 20 128% 83% 83% 12% 098% 40 8 1056% T4% 51 69 610 148% 97 65 120 14% % 181 9 27% 134 89 109% 19% 32. 17 564 3% 224 60 21% 138 46% 56% 101 39 9% 124% THE EVENING | Open. Guodyy pr pf(8). 106% Gothm S H(2%) 56% Gotham new 2% 55% Granby Consol.. 30% Grt North pf (5) 79% Gt Noi Ore (1%) 204 Grt Wstn Sa 99% Green Canan 20% Guantanamo.... 6% Gulf Mo & Nor.. 37% Gulf States 8 (5) 71 Hayes Wh(13%) 29% Homestake (7). 60~ Househd (1334). 42% Houston Of1. 60% Howe Sound (3) 44% HudsonMan(23% . 39% Hudson Mo(33%) 61% Hupp Mot (1)... 26% Tlinots Cen (7). 1264 Indep O11 (1)... 26% Tndian Motor (2) 18% Tngersoll R (+4) 97 Tnland St (233). 41% Tnland Stl pf (7) 110% Inspiration (2).. 25% Tnterurb Rap Tr. 41 Intcontl Rub(1). 15% Tn Az Cprpf(7) 81% Tnt Bus Ma (3).. 350 Int Cement (4).. 53% Int Com Eng (2) 53y Tnt Harvatr(8).. 1314 Inter Har pf (7). 124 IntMtch pf(3.20, 64% 15t Mer Mar pf.. 31 nt Nickel (2)... 237 Int Paper (2). nt Paper pf (7 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Cffice Low. €lose. 108% 6% 55 29% 8% 20% 99 20% 6% 37% 70 29 60 42% 60% 43% 8% 60% 26% 125% 106% 56% 56 30% 8% 21 99 20% 6% 37% STAR, WASHINGTON, D. [NEW BETHESDA BANK BUILDING | IS THRONGED AT GALA OPENING| Stock Exchange Pays Tril)utej to Memory of John L. Edwards, Late | President of the Organization. | ‘ Washington BY EDWARD C. STONE. ! Bethesda's -handsome new bank building, which was thrown open to the public for the first time yesterday, was thronged with visitors from 9 o’clock in the morning until the same time at night, all expressing unstint- ed praise of the bank’'s new home. Several Washington bankers attended the opening, while scores of bankers from all over Montgomery County and elsewhere in Maryland were among those to extend congratulations. Hosts of depositors and others liv- ing in Bethesda and neighboring Washington suburbs were among the callers. All declared it one of the pret- tiest suburban banks they had seen, | and its attractive decorations, spacious lobby. convenlent banking arrange- men vaults, offices and BD)endld‘ lighting arrangements were thorough-; ly_inspected. i The bank’s officials decided to open the new home on election day and this proved a wise move, a_great many people taking the day off to vote and then dropping around to see the bank. The new structure, which has already C.. WEDNESDAY. | ington Stock Exchange today by a standing vote the members paid the following tribute to John L. Edwards, late president of the exchange: “‘It is with deep and genuine sorrow that the Washington Stock Exchange records the death of its president, John Lewis Edwards, senior partner of John L. Edwards & Co., and since April 8, 1912, a member of this ex- change. . “A foremost citizen of the District of Columbia, a generous friend, a de- lightful companion, a fearless advo- cate of justice and fair dealing which was exemplified in his daily relations with his associates, John Lewis Id- 1wards was not only a_congenial com- | panion, with a charming personality, but one whose gentle and hospitable nature cemented friendship into last- ing admiration. Probably no part of i his busy business life gave him more | pleasure than the brief hour which he spent dalily on this exchange. High- | minded, honest and able, the Wash- | ington Stock Exchange will miss his | wise counsel and helpful co-operation. | We honor his memory as we bid him SEPTEMBER 15; [ e BONDS oz o] Received by Private Wire Direct to The Star Office. ! Sales. High. Low. Close. | Lib3je.... Uib 18t 4% LiIb 24 4% Tdb3d 4% UB3%s. T8 48 19 US4usbe. FOREIGN. ArgentineSfs...... 12 Argentine 6s Ju 69. 13 Argentine 6s A. Argentine 6s B 92% 8% 9944 98% 100% 98% 102 6% 100% 87% 93 9 96% 108% 107% 103'% 89 95'4 104% 102 105% 102 100% 884 95% 100 101 102% Bank of Chile 6343 Bank of Japan €s. . Belgium 6 2 Beigium ¢%s. Belgium 7s glum 7%s. Belgium 8s. 2olivia 85 Bordeaux B:asil 7s. Brazil 8. vanada 6s 1931 Canaca §s 1952 Canadu 5% 19 Chlle 86 1926.. . Chinese Gov Ry bs Con Pow Japan 1s. Copenhagen 5%s. . Cuba 5% Czecho 1% 1926. UNITED STATES. (Sales are in $1.000. Sales. High. Low. 10 100 14 100 12 100 18 19 10129 101 26 10129 21 100 20 100 17 100 17 152 1014 1012 1014 Lib 4th 43%s 429 1029 1027 1027 30 101 18 101 18 101 18 18 103 23 103 20 103 20 1,107 17 107 17 107 17 ) Sales. High. Low. Close. 92% 98% 99 98l 100t 98% 101% 964 100 86% 924 . 96% 108 107% 103% 88% 95 104% 101% 105% 102 1007 37% 95 99% 101 1 Close. 92 | Wilson & Co 1st 6s FINANCIAL. 1024 102 102% 3 8% 98% USH Winchester A 7%s. 6 105 104% 104% Youngetn 8 & T 6s. 16 104 104% 104% RAILROAD. Ann Arbor 4s Atchison adj 4 Atchison gen ¢s... Atlantic C L 1st Willys Ov 6%s 3; 584 19 87% 874 924 924 93% 934 u 91k 96% 96% 93% 984 97% 98 102% 103 103 103% 107% 107% 9% 9% 100% 100% JB0% 80% 961 96% 117% 117T% 85% 86% 107 107 91 91% 100% 100% 8% 98% 954 60% 69 106% 105% 86% 86% 9274 w B&O05s2000D... B&O 1stbsct B & O PLEWV b & O SwDiv B & O Toledo Bklyn Manhat Central Pacific 4 Cent Pac 1st Ches&Ocv 4 Ci hi & Alton T%s Thi & Alt 3%s ctfs. Chi B& Q 1st rf 5s. CB&Q-IN3Ys... CB& Q-1 dlv 4s. Chi&EIgnS6s.... Chl Great West 4s. CM&StPds25... C M &St P 4s 25 ofr CM&StPgn$9... CM&StPcvaks. CM&SPevd 1 s32¢cfc FOREGH ST ST LEADNG WARKET Prices Were Maintained. New York Tractions Are Heavy. | | BY GEORGE T. HUGHE: NEW YORK, September 15.--Tor eign bonds continued to absorh the greater part of trading interest in t« day's market. Advances were not s well distributed as on the two ceding days, but in the main price~ were well maintained and here ar there a new high record for the vea was made. French' 8s touched new high prices although the gain was only a sma fraction. Paris, Lyons and Medite; anean were up over a point equalizing the return on the road’'s which were such fe: of the market in the day before. Helped by Prussian Issue. | In the German list there was tive buying of Berlin 6§ for a gai of nea a point,.and Cologne fl.s wenty along for about wch ad vance. These two were helped the success of the State of Prussi issue_on Monday. There un usually d were Int Tel & Tel (6) 1193 Kan City Soutn. 49% “avser J (3) 4215 heavy dealings 94, in Jugosl. made a ne ran affectionate farewell. Czecho 8s 1951. Czecho 8s 1952 ot. . Danish Munic 8s B. Denmark . D E In 5%s Nov 53 103% 1027 103 103 111% 111% 104% 104 103% 103% 105% 105% 105% 105% 894 894 991 99 9514 9 93% 93% 99 98% 104% 104% 96 98% 1054 106 99% 99% 1031 103% 3% 99 84 99% 92% 89iy 977 107 £8% B8% 28% 26 4% 104% 104 107% 107% 85% E5 99. 984 101 101 101% 100% 101% 101% 94 934 82 814 924 92% o 90 1004 100 1027 103% 0% 70% 89% 89% 101% 101'% 106% 105% 6 1097 109% 103 1027 102% 162% 104% 104% 106% 105% 106% 105% 100 99 91% 91% 94% 93% 86% 86K 103% 103% 103% 103% 113% 113% 96 95 5% 76% 118% 118% but not relatively as active as they had been a month ago. Stocks like Atchison, Atlantic Coast Line, New York Central, Reading. Union Pacific, Baltimore and Ohio and Chesapeake and Ohio were all higher. Pere Mar- «quette, ex-dividend, was selling at the ,highest for all time. Rock Island zained a point, so did Texas and Pa- cific. The record figures on car load- gs probably had something to do with the buying of the ralls. During the week ended September 4 ajl pre- vious totals were eclipsed, this for the second week in succession. United States Steel ran up across 149, then fell back over part of the ground gained. General Motors passed 150 for the first time on the pres ‘ ent movement and American Smelting rose a point and a half. United Drug was a feature among the specialties. The independent steels were stronger than they had been for some time, especially Republic Iron and Steel, Bethlehem ‘Steel and Youngstown, the latter ex-dividend. Bethlehem Steel was unusually active on the advance. C) ING IS HEAVY. 17% 99% 44% % 374 147 123% 123 110% 69% Am S & R ot (7) Am Snuff pf (6). Am St Fdys (3) Am Sugar (5). Am Sumatra. Am Tel & Tel(9) Am Tbacco (8). Am Tobac B (8) Am Tobac pf (8) Am Wa Wo c1.20 Am Woolen. .. Am Writ Pa pf.. Am Writ Pa ctfs Am Zine Anaconda Archer-Danfel! ArmourDel pf( Armour of I11(A) Armonr of 111(B) Arnold Con (n). Asso Dry G(2%) Atchison (7).... Atchisgih pf (). AtIC Line(19%) AtI Guif & WI. . Atl Guif&WI pf. Atlantic Refing. Atlas Tack. . Austin-Nichols. Austin Nic p£(7) Baldwin L (7).. Balto & Ohto(5 Barnsdall A (2). Bayuk Cigar.... Belding Bros(3) Bethlehem Steel. Beth Stl pf (7) Bloominzdale. Booth Fisherles. Botany A (4) Briges Mfg (3). British Emp 2d.. Bkin Edison (8). BkIn-Mn Tr (4). Bk-Man T pf(6). Bkin Un G(t11). Brown Shoe (2). Brunswick Balk. Burroughs (t4). Butte Cop (500). Butte&Super(2) Butteriock. % By-Products (2) Calif Packg (4). Callt Petrol(2) allahan Zine. Columet& Ar(8). Calume&H(1%). Canada Dry. | Can Pacific (10). Case Threshing. Cent Leather. CM&St Prials. . CM&StP r 4%s of14 CM&StFeves... CM&SP cv s cfs 14 Chi & NW 43 87 Ch1 & NW 7s. Chi Rys 6s. . ChiRI&Prf 4s ChiITH&SES5s Chi Un Sta 4%s. . hf Union Sta 6%s. Chi & W Ind cn 4s. C&WISY%sa2.... CCC&StLrf8sA. Clev Term bs. C &S 1st 4529 Colo & Sou 4% Cuba R Rbs.. Cuba RR7%s Cuba NR 6s Del & Hud istrras 31 Del & Hud cv 65 35.101 Del & Hud 5%s. Den & Rio G cn 4s. D Rio G West bs. Erfe 1st cons 4 Brle gen 4s Erle conv 4s A Erie conv 4s B Eris conv 48 D. Fla EC 5574 Gr Trunk sf dt Grand Trunk 7s. .. Gt Nor 4%5 76 D.. Great North 5s. Great North 5%s. Sr North gen 7s. .. % 1 Green B & W db B. z Havana ERL&P 50 Hud & Man ref §s. Hud & Man aj 5s.. 111 Central ref 4s. .. Inf Rap Tran §s Int Rap Tr s stpd. 1% Int Rap Tran 6s 74 Int Rap Tran 7s 5% S5 | 5 105 | . 9% 6T% §it! 934 983 [ 103% 1034 | 95% 954 | 98% 98% 105% 105% | 06 166 544 54t 5% Ba% 5i 54% 53 634 102 102 107 107 e 1% 0% 90% 90's 90% 971 9T%| 118 118% 85% 8h% 1027 103% | been described in detail in The Star;|“%fo G PerCaved family our hearts ties for customers. Tt would b - | gentleman.” cult to pick out a finer location for | 55 ratury ockeler was instructed | Dutch Bast T¢s :; suburban bank. The building cost| ¢, cand a copy of the proceedings to | Dutch Fast1és 62. 0,000 and was made possible by spe-| (1o Edwards family. In connection | Pinland 7s cial effocts on the part of the officers| ity the resolutions, Albion K. Parris, | T foan il and dir@ftors. Founded only SeVen | .jean of the exchange,” the oldest Fr-mehr_'un %! years ago, the bank's growth has been | p,onher present, paid a touching trib- r::::n 7.u- phenomenal. g ! ute to Mr. Edwards. They played to- st Officers Greet Visitors. | gether as boys and were close, life- | SEOREh B, - un o Visitors were greeted by the presi- long friends. i succeed | German 7s... et R iter b Dyjckerman: . vice | Hiection ofia president (o Gor Agr Bank president, George P. Sacks; secretary, Mr. Edwards was detaved by lack of Francis G. Wallace, and_cashier. S.} la quorum, this matter being {;L:Ice]d in the hands of the governing board. i Walter Bogley. The officers ]'Ef,';’,? During the business session trading “ ”me';‘ \';.Irirxde;‘?cl:":;d “&’;ms s, | was quiet, with stocks maintaining Maj. R. B. Lawry ) A tobb to assist in welcoming the firm prices. Ttaly 7s... muests. The bank's directors were Offutt Starts for Convention. b i so on hand, the board being made : e Henry W. Offutt, president of the Jepanese 4 Ui as foLoms: : sl | Potomac Savings Bank, in George- (Aaward P, Abbe, B W, B e, | town, has left for the American Bank. | Lyon 8 {liam H. Broadhurst, B. B, Dellngel | o “Association convention. He s | Marsetlle 6 Floyd E. Davis, Vernon M. DOUR i making the trip by way of the Pana- | Mexico 4s 04 asntd. Jed Gittings, James R. WS, % |ma Canal with John L. Newbold, | Mexicods10 ashtd | Edwin H. Etz, Dr. F. B. FErO@ o | president of the Merchants’ Transfer | Mexico is assent Thomas Hampton, T EFrecee e iand Storage Co.; Lanier P. McLachlen | Netheriands ¢ 24. | Imirle, Lewle K rt, Millard E.|and Francis G. Addison, jr. They | Jetheriands 6s 1. Robb, . C. Schroeder, Paul Sleman, | s ank . Ward, Peyton Whalen and | bankers. Their first stop will be at Havana, Frank Wilson. . President Tuckerman states that where they are d(l) beh;ec:l\"ed nrl ::e alace by President achado of e i the bank has planned for future ex-i PRIl PR o hC acsisted by Gen. | | pansion by ownink adaitional an@ i Caran Republic, | SRITEc By oo the rear. There is also ample TOOM | \¢jjj jnyite the assoclation to meet at for safe deposit growth. The RTCh"‘“uV“m‘ next year. tect was Ward Brown and the builder G fo Charles Langley. A profusion of | Bond Manager Prom . flowers from bankers and others. &, parnand petit. manager of the Mort- Washington orchestra and_elabotate | F'CTPan Petit, manager Of (h° Voo refreshments added much to the 0C-|Yraimont avenue, has been elected casion. At 5 o'clock in the afterndon | j.o president and secretary, the ad- Mr. and Mrs. Tuckerman gave tea at | ;n.ement coming as an acknowledg- their home in Edgemoor, which Was |, oni of efficient service. Mr. Petit attended by about 125 bankers and| g cashier of the Citizens' Savings friends of the bank. ... |Bank at the time it was taken over Missour! Pacifie. 44% | At a special meeting of the ‘Vflsh>.h_‘, the Merchants Bank & Trust Co., Missonri Pac pf. 94 [ % becoming vice president and chairman Montana Pow(§) 78 e ot T g S {of the auditing committee of the later Montgom Ward. 64% {institution. He still holds both of these | Voon Mot (8).... 21% 181 | positions, and several months ago took Vothr Lode(760)* 6 on the added responsibilities of manag- Mo Ploture(1%) 174 113 [ing thé mortgage company Motor Met(3.60) 40% New Sterrett Director Named. Motor Whi (2).. 28 SR L At a recent meeting of the board of Munsingwr (3).. 87% 126 | directors of Sterrett Operating Serv- Murray Body... 10% aa jice, Inc, John A l(i(‘;"hifi;"\vaslilec‘l’;d 9 26 to serve on the board, ing e P ot Bingute 14 92 as;.{(l-an:y Jeft by the resignation ot Otto N 6% | E. Stoll. NP AR 73| Mr. Ritchie is the president of the Nat Clonk pf (T) 79% 86 | Yellow Truck & Coach Manufactur- Nat Datry (3)... 734 624 {ing Co., a_General Motors subsidiary. Nat Dot Stores. _ 26% 434 ; Sterrett Operating Service is. con- Nat Distillers. ~ 22 116 | trolled by Yellow Truck & Coach | Nat FEnamel &S 29 67 | Manufacturing Co. Nat Pw&Lt(80c) 22 60% | The company expects to make an NatRy Mex 2d.. 24 2% | announcement in the near future cov- Nat Sunnly (4). 69 34% | ering contemplated expansions and a Nevada Cop (1). 13% 1%/ new line of truck transportation NV AIrBr (3).. 45 31 service, N Y Canners C2. 39% 16% | Bank Statements Analyzed. | Armour&Co 4%s rf 20% Armour Del 5 93% 3V CrrASeL (i 183 X A iaiyaes ot membeEiTRak: conto | . b i 1&S '3 v & ) 21 ST eRSHT ot (8 1ot Tenn Copper (1) 11% 11+ 1L |and earnings by Federal Reserve dis-| Associated QL 68 - NV Dock. ... 864 Texas Co (8)..... G4 54 B4% i tricts for 1925 and_1924 has just been - NY & Harl (5).. 192 Tex Gulf 8 (10). 169% 168 168 | ompiled by the® Federal Reserve | uarnsdall@sotfs.. 98% NV NH & Hart.. 6% Tex & Paciflo... §8% 68 58 Board. This shows that in the Rich-| Bell Tel Pa5sC... 102% NV On & West. . 24% lex & EuciG e ORSITH 15% 16% {1yond district the average rate of in- | Beth Steel pm N Y Rys 2d stpd. 156 The Fair (2.40). 28% 28 per $100 of earning | Beth Steei rf 5 Norfolk South.. 41 Third Avenue . 31l 81% 324 assets was in 1925 and $5.82 in | Beth Steel 5%853. Norfk & Wn (+8) 163 | Thompson(3.60) 48% 487 50F 1924, which was comparatively high. | Beth Steel 6s. North A (B3.40). 5% Tide WOl pf(5) 81k 91% 914 | [y the New York district the average | Bklyn Ed gen 5s. North Pac (5).. 8% Timken (1632).. 634 62% 63% ! jast year was $4.79 and the year be-| Cen Leath 6s 45 cfs Norwalk (80¢).. T4 obac Prod (7). 115% 114% fore $4.82. | Chile Copper 6= 32. Nunnally (1.50). 16 Tob Prod A (7). 117% i uz The report points out that the!Commonwith P 6s. ' f | Transcont Ol 4% 1% ! amounts of interest received per $100 | ~gn Coal Md 1st b8 1% 501 | Of earning assets aproximate the aver-| Con Gas N ¥ 5%8 89% 9 | A€ rates at which the member banks | Consumers Pow 5s. ; 524 5o | Of the respective districts have placed | Cuba Canecv 8s. .. orthern Pac 5s D. E 1 Denver Gas 5s. ... orthern Pacr 1 83 : { their funds. 161% 161 Dery (DG) 7s. .. 2 § i«')rq Short L rfs 4s. 115 15 Another table shows for 19 “': u": 11924 for each Federal Reserve di; | Det Edison 5s 40 Ore Wash 1st rf 4s. 4 H Det Edison ref 6s. Pennsyl gen 4%s v ithe rate of return on the bani s { vested capital. ~The rate of return | Dodge w168...... Pennsyl 55 64... 116% ey | vas lower in 19 than in 1924 only | punner Steel 7 Pennsyl gold 7s. 20% {in the Richmond. Philadelphia and [.Duquesne Light 63 Pere Marq 1st 58 6 cts, and in these di ¢ Cuba Sz 7%, PCC & St L 55 B75. were Compara- | iioice G & F T8 Port RL & P 5e 42 i*isk Rubber 8s. Por RL &P 65 47. b e V‘,omdir!eh 65‘&5] N ll:'(’:“z. Reading gen 4las. € Good year 8s . Rio G West cl 4s RATES ARE SUSPENDED. | Good ei el lout. 1204 | <1 Ark & L 43%s Freight rate scheedules filed by | Hershey 5% 101% | S L IM&S 45 29, | Southwestern railroads, which would | Humble O & R 5%8 ve increased sharply the cost of | liitnois Bell 1st 5. nsporting fruits and vegetables to | (nt Mer Marine 6s. 204 | Memphis, Orleans and related | int Paper 58 47. 104 i points from Arkansas, Missouri and | fnt Paper 68.... & 20% Oklahomi, have been suspended by | tnt T & T 5% , | the Interstate Commerce Commission | Kan CP&L 68 A §2. 39% | pending an_investigation into their | Kan G & Bl 6852... StP & KCShL 4% reasonableness. The increases were | Lackawa S 58 50. Seaboard A L dn'sts me effective today. but | Lacl G ref 58 24 1004 ) oo b A L ref 4. .. will maintain existing | Laclede G 5%8 5. 103% | ceap A L ad) bs 13. | Ligett & Myers 7s 123% ] SAP A L con - ‘ . tmrmfirgw;n-; boer | Sean All Fla 6s.... 51 9 ! | Manati Sugar s 7 % | Sou Pac 43 23 46| FOTATO MARKET STRONGER. | \iid-Con 6%s 40. 1044 1 Sou Pactfic clt 4 CHIC \fld\ale srl-::: = lz['m Sou racine rer aa. . ! pota — ‘Montana - gen 4. iy Mor's & Co 1st 41¢8 Al iy .| Sou Ry con 58 94.. New Eng Tel to :?;vi { jouthern Ry 6345, Term Asso S L 4s. . 1oh | Third Averef ss. 110 Third Ave adj bs. 1035 | ToI StL & W 4s.... 1085 | Tol Tr L&P 5%s3 30 Sou | Cnion Pac 1st 4s. ag | Union Pac 1st rf 4s Union Pac 4s 27. 100 | G;nion Pac cv 6a. 102 | yyrginia Ry 1st s 100% | wabash 1st 6 8=, which, crossi top for this year. In the domestic group tractions were again heavy horough 6'per cent notes at down a point from yesterday’s hig New York Railways income 6s los more ground Nassau lectric 4 went down fi tionally, but inves ment buying sustained Brookly: Manhattan Gs. Granby Mining were the strong feature of thelr clas Skelly Oil 61gs opened up a point an a half, hut later reacted. Tn general however, quotations for oil bonds wer:e | steady The trend in speculative rails wi downward in contrast with the a " of stocks. International Great North ern adjustments at 80 were off over points from the recent high. Denve and Rio Grande Western 5 continued 103% 108% | heavy, and no further progress w 894 S9Y% 3 St. 1 San Francis 0% 71 Delaware and Hud B0% | convertibie s fluctuated with 71% | stock here were no imperta 76 changes in high. wde hond 6% 81% 994 107 v Over sold rate the Kennecott (4) Kresge S8(1.20) Lago O1l & Tran. Tambert (3%).. T.ee Tire & Rub. Telich Val(3%) Teh&iMnk stf(3) T.ife Sav (1.80). . Tisgett & M (t4) T1e & M B (t4). Liquid Carbonic. * T.oew’s Ine (2).. Loft Loos s Lorilard (§2)... loulsGasA(1.76) 24% TLon&Nash(163) 139 Ludlure Steel (2) 83 McCrory (15.60). 76 MecCrory B 15.60. 78 MclIntyre P (1).. 25% \ack Trucks (6) 115 Macy pf (7)..... 115% fagma Cop (3). 40% Mallicon & Co... 16 Man Fl Sup (5).. 78% ManFlm g (d5) 5214 Man Shirt (13). "28% Mantla Elec (%). 44% faracatbo Ofl 28% Market Street... 4% Market St prior. 4214 warland Ofl (4). .59% \farlin Rock (2). 28% Vathieson (4).. R0 May Dept St (5). 125 Maytae Co (2).. 23% VetroG pf(1.89) 23% Vexican Seabd.. 10% Miami Cop (1).. 15% \1d-Continent.. 32 Middle States... 1% Mie StatesOfiot % Midland pf (19). 118% Mitler R ctfs(2). 394 \fis Kan & Tex.. 384 Mo K & T of (6). 93% Halt! 6s... Holland Amer 6s. . Hungary 7% the eipzig Offering § Announcement w that the new § and Power Co.'s offering has heei nd the books closed. The coupon 612 per cent. the bonds ma ture 1946, the price was 921 to vield 20 per cent and the bankers were A. Harriman & Co. and the Interna tional Accept: Bank. Inc. Other new offerings today included 1$1.100.000 Amalzamated Laundries Ine., 10-year 6izs. to yvield about 6.53 jpercent, by Threckmorton & Co 000,000 ity and County of San ancisco is, du 1y 1930 to 1964 to vield from per cent. by Stewurt 818,000,000 Iy Steamship Lines, Ltd., firs and géneral s, series A, due 1941, to vield over 6.6 per cent, by a syndi cate headed by Kissell.” Kinnfeutt & Co., and $1.163,000 Hillshorough « ty, Fla., School due serially, 192 10 1936, to vield from 4.50 to 4.85 por nt, by h group headed by Harri whes & Co. WHEAT PRICES EASIER ON CHICAGO SELLING Active Selling Undermines Market in Final Hour. NEW YORK, September 15 (#) The closing was heavy. Active relling of pivotal industrials, par- ticularly United States Steel and General Motors, which sold about 3 points under their early highs, un- dermined the market in the final hour. Extensive realizing also de- veloped in railroad, public utility and amusement shares, Warner Pictures “A” breaking 5 points. Total sales approximated 1,700,000 shares. 107 114% 114% e2 92 166 113% 20% 20% 104% 104% 954% 81l 924 Norway 65 1943.. Norway 6s 1944. Norway 6s 1952. Orfent Dev deb 6i Paris.Ly-Med Paris-Ly Med Paris Orleans 7s Peru 7%s Peru 8 Poland Poland $s Prague 7%s. ... Queensland 6t Rhinelbe 7s war. .. Rio de Jan ¥s 1946. Rio de Jan 8s 47 Rio Gr Do Sul Sao Paulo City 8s Sao Paulo 1950. | saxon (PW) 7 | Seine 7s42... Serbs Crot Slo Sofssons 6s. Sweden 5%s ot. Swiss 5% s 194 Swiss Confed 8s. “oho Elec Power Tokio 58.....c00ve Utd Kingm 5%s 29. Utd Kingm 5%s8 37 105 105 Oruguay 8s. 1 108% 108% MISCELLANEOUS. Ajax Rubber 8s.... 20 104% 104% Am Smit& R 1st 58 15 1004 100% Am Smlt& R 6 1084 108% | Am Sugar ret 104 103% AmT&Tel tr 4s. 984 9T% AmT& T s 6 100% 100% Am T & Tdebdk 105% Am Water Wks 5s. 98 Am Writing Pap és 57% Anaconda 1st 6 108% 1034 Anaconda cv db 7s. 106% 106% Andes Cop s rots. . 1075% 1037% 0 89% 101% 105% 1057 | Int & G Nor ad 63 102% Kan City 8 5s. . 1045 | Linke Shore 45 25 105% Lake Shore 4s 31. 106% Lehigh Vai 59 100 | Louis & N uni 4s. 9”',.’ L &N 4%s 2003 94 Louis & N 5s B. . Louls & Nash 78 864 | 1035 | Man Ry 1st 90 103% | Market St 73 40 113% | MII Bl Ry & L 5s. . 95 | MStP&SSM5938gtd 5% | M St P & SSM 53%s. 118% | M St P & SSM 634a. 106 | MK &T 1st 4s. 108% | M K & T adj 58. MK& TprinbsA. 2 MK&T6sC. Mo Pacific gen 4s J B Mo Pag 55 1965 9 Mo Pac 63 49 D, 106 105 Vo Pac 6s 55 B. .. 106 166 Mont Trm ref 5= 41 9% 97y Nassau E Ry 48 67. 59 5 | NOTex & M 53 B. 997 9974 {NOT&MBbYs. % 104% N Y Cen gen 3%s a9 9% N Y Cent 45 98. 8 & N Y Cent deb 4s. S6 95 Wit NYCrfim4t%sis 96% ' 9v3; ers s ,N;(C:en:;lbfi: . 103% 109Y a0 \n Afte pen Y Cent deb 6s. 107 107 e er highet N¥C& StL ab4s 36 ot S s, cent Ninliary YCDI&SIL %A’ 108% 101, e weather over the helt YCRI&SIL 6% 0B, 108% 103% | cave finmness to corn corn NYC&S e 27y 102% | starting unchanged cent up ane New'Hav deb 45 56. 5. 71 | holding near to.the Mitial range. Pro kewHav‘Hs 57... 684 68Y | visions reflected the downturn in hos ew Havanc d 0s. . s values N Y Rys 65 65. 3 g | News d N Y State Ry 414 mor 3| short 87% | bushels of whea A % las compared with 1 894 894 | weather in cent 92%4 | sin has been pe fave 4 111% | 1yna 9% 97K | ¢, “ 9T | quy % 85% 874 9Tx | 101% 1014 |, 10756 1075 | , 102 102% | ¢ o 1035 1035 | thousch 920 92kt ahor 101% 1014 | i S0 three tion has POSHAY OPENING OFFICES, NEW YORK, September 15 (®).— The W. B. Foshay Co., a Minnesota corporation, which conducts an ex- tensive investment business in securi- ties of public utility and industrial companies, is opening security sales offices in Boston, San Francisco, Den- ver and Portland, Oreg., in addition to present offices in New York, Chicago, Minneappolls and St. Paul. DRY GOODS QUIET. EW YORK, September 15 (Spe- | Cent Leather pf. clal).—Cotton goods markets con- | Cerre De P (4).. tinued quiet today at unchanged | Certain-Teed(4) prices. Print_cloths were quoted at | Chand-Cleve. cents for 64 by 608 and 8% cents | Chand-Cle pf(4). for 68 by 7 Raw silks were quiet | Ches & Oh ((2) at steady prices. Chi & East Il pf | °hi Great West. Chi Gr West pt. { Cht MU &StP.. Chi Mi1 & St P pf CMil &St Potfs Cni & Nwa (4) | Chi & Nw pt (1) | Skelly O1112)... 85% 85% 85 Sloss Sheff (6).. 131 131 181 | Sloss-Shf pf (7). 104 104 104 South Port S (6) 116 115 113 | Sou Dairtes A(4) 61 o1% 50 Sou Dairles B... 28% 28% 274 South Pac (8)... 108 108 107 | Southern Ry (7). 127% 127% 126 South Ry pf (6). 94% 94% sSpleer Mfg. 26 25% Std Gas & E1g3. 56% [ StdG & EIpf(4) 6% 5% Std Mill (5)..... 12 72 Std Millg pf (6). 86 86 Std 011 Cal (2).. 62% 62 SOUNJ (1).. 43% 424 | sta ot NJ p2(7) 116 118 Stewart War (8) 6% 66 Studebaker (5). 61% 60 Submarine Boat. 1% 1% SunOfl (113.... 83 83 serior Ofl. ... 1% 1% Superior Stl (3). 31% 31 | Sweets of Amer. 174 16% Symington...... 8% 8% 97k 984, 984 | 35 9 : mr: 1010 Buying Power Only Moderate, and 18 ]+ Yilees Sag Gradually in To- day's Session. the Associated Press CHICAGO, September 15 wheat market displayed dertone at the use of sellir ders and com 104% 100% 108% 103' 97% | 100% | 105% 98 57% 97w | BUYS OPTION ON LANDS. NEW YORK, September 15 (#).— An option of 1,240 acres 10 miles from Birmingham, Ala., has been taken by E. I. Dupont de Nemours & Co. for =4 onstruction of a large dynamite plant | hi R 1& Pae of modern type to supply users of ex-| CRI&P ol (6)- plosives In the Birmingham mining dis- | 'y‘hi!d! 132. ) trict and elsewhere in the South At.| ChileCop (2¥). lantic and Gulf States. | curistie R (139) i Chrysler Corp(3) RUBBER ADVANCES. | Cluett Peab (5). NEW YORK. September 15 (Speci | Coca-Cola (7). . Collins & Alkmn —Crude rubber, smoked ribbed s nced an eighth of a cent, Coilins&Alk pf 7. day’s noon quotation of 40% This compares with 383 cents a month and 90 cents a yvear ago. An easier start today ch 2 on the part of moder trading. and the nd oats Col Gas & El (5) ol G & B pf () Col Carbon (4).. Com Cred (2). Com Solv B (8). Congoleum-N. elopn s bullis ts of the da cables told of than N Y W & Bos 4%s. Nor & S gen 55 54.. Nerthern Fac 3s . Northern Pac 4s. .. Nor Pac 4% FINE WOOL DEMAND GOOD. BOSTON, September 15 (Special Pemand in the wool market tod continued to favor the fine wools, w Cape wools moving most freely in the | foreign _department and territory | staple for domestlc sorts. Fine Vrench combing territory at $1.05 clean basis and < wonth wools are moving $1.05 £1.10, depending on quality. Fleece W ool are less active, but woolen wools continue in good inquiry. Prices on the whole are steady { Congress Cgr(3) i Con Cigars (T) h | Consol Distribu | Consol Gas (5) Consol Textil | Cont Baking A.. Cont Baking B.. { Cont Bak pf (8). | Cont Can (18)... Cont Insur (6) Cont Mot (80¢).. Corn Prod(12%) Coty Inc (4)...... Crown Pa 15t(T) Crucible Stl (6). | Cuba Cane Su pf | CubaCo (4).... - ! Cuban-Am S (1) Cudahy Pkg (7). | Cushman’s (8)... Cuyamel Fr (4). Davison Chem | Del & Hud (.. | Del L & Wn (17) | DRG Wst pf. Detroit Ed (8) Soni : D““mmzc":o: September 15 (Spe- | e Bros $570,000,000; New K clearings. | Doage pf (1) £470.000 000: New York bank balanc Dome Mines SL0.000.0000 New York Reserve | Do ; dass $ed { Dupont (14).... quesne pf (7) | Eastman (18) ... | Eaton Axle (2).. | Eisenlohr & Bro K1 Auto Lt(16% | Electric Boat. . Un Bag & Paper n Carbide (5). UnoOfl (2)...... Un Pacific (10). Un Tank Car (5)\ Un Tk Car pf(7) Utd Cigar S(c2). Utd Drug (8)... United Fruit (4) Utd Paperbd (2) U S C I P&F(10) U S Distributing ;S Tnd Alcohoi. U S Ind Al pf(7) S Realty (4 S Rubber., G S Rub 1st (3). U S Smelt (3%). 'S Steel (7). .. | US Steel pf (7). i:niversal Pipe.. . | Utah Copper (5) { | Ut P& Lt A (e2) Onyx Hos (3.20). 434 Onpenheim (3).. 61 Orphenm Cir(2) 29% Otis Blevator (8' 122 tis Steel. at; Outlet Co pf (7). 103 Owens Rot (t4). 18% Pacific Gas (8).. 131% Pae O Stubs 1% | Packarad ($2.90), 26% Patea Mot(1.80) 164 | Pan-Am R (8) QRN | Pan.AmMWnR(2) R, Panhandle 16 Park & Tilford Park Utah (602) the Ex (¢3). . { Pennsvy R R () Pann-Sesh Steel Peoples Gas rts. Fere Mara (#8% Pere M prior(5). Thila Co (4) Thila Co nf (3).. PRI @ RC&T. | PhiYin Morris... 224 Phillips Pet (3). 51% erce- Arrow < Plarce-Ar pf (8) 120% Tiaree O11. . L™ sitts Coal. . .. 0% pitts Stlpf (7). 98 Pitts & W Va() 108 Postum (5) 109% | Preseed Steel(n) 41 | Prod & Refiners. 13% Producrs & Rpf 84 Pub Ser N.J (5). 97 Pub § NT of (7). 107T% Pub S NT pf (8). 122 | pub SE&G pf(6) 103« Pullman Co (8). | Punta Aleg Sug. | pureotl (... Radio Corpof A. | Radfe C pf (3%) 48 S ID Cofs (). 74% | Rand Min(a1.52) 38 Ray Cop (25¢).. 14 Resding (4) 94% | Rending ris. ... 20% Reading 18t (2). 40% | Reid Ice Cm (3). 45 | Remington Type 116% Replogle Steel. . 10 Rep Ir & St1 (4). 1 RepI&Spf (7). 99 Reynolds Spoea. 79% Tobac - 109% By 4 ‘ Royal D (a3.078) 514 3% l:] Rutland pf...... 50% t Jaseph L(13). 42 85 SIL& SanFr () 9% Sor St L Southwest. 69% T | Savage Arms (4) 76% 20% Schulte (§8).... 49 e Seaboard Atr L. 374 istently wet o able for harvest operations 1so complained of the ty of wheat due to ure Strength in the Liverpool 1se of lateness in the m diain n and higher at helped the the Winniy market the star face conditions in provinces. The technical of the market he apparently of the heavy last few ¢ Reports of contin the corn bel ge to the crop in parts of were partly off-set by n Indiana port which changed the gloomy out for there. market ment i ble in DIVIDEND INCREASED. YORK. September 15 (/) increased dividend of $1.50 share has been declared by Washing ton Ofl Co.. payable September 20 to stock of record September 15. The previous disbursement was $§1 unfavor the howe ned overing by shorts 10214 |in the 89 | 97% | g¢ 1004 { 5t ), & S F adf 6s. | St L& S F inc 6 . StLL&SFplésC.. | over BANK CLEARINGS. NEW VORK, | vanadtum (3).. -Caro Chem. . va-CarCh 6% pf va-Car Ci o1 (T 45% 9% 8015} 71 credits, BUTTER IS HIGHER. CHICAGO, September ver —High receipts creamery extras, 431, extra fir Seconds. Vulean Deti Y 97% BTy 91% 814 10645 10673 8% 118y 874 81'% 51% 897, 99 91 wabash........ Wabash pf A(5) | Ward Baking B. warner Bros. | warren Bros (4) \Weber (4) September eceipts, 71 cars: on track, | o ipments, 683 trading | . fair: market slightly stronger; Wis. | 86% | consin sacked round whites, 2.60a2.80 | west Maryland. 18% | hulk, 2.55a Minnesota sacked, west Ma 2d pf 5 234 | carly Ohio's, 2.60a2.75; Idaho sacked | West Pacific. 8% 88% | rurals, .70a: West Pac pf (6). ol West Unfon (8). West A Br(17%) Westinghse (4). Weston Elec. Weston A (2) Wheel & L Erle. White Eagle (2) White Mot (4). White SM pf(4). | Wickwire ctfs. . | willys-Overland Wittys 0d pf(7). wiison & Co new Wilson A (new). Wilson pt new. . WoolwthF'W (16) Worthn Pump. . Worthtn B (). .. Wright Aero (1) Yale&Town (15). standards, 4 1000 B14] 1061 [T S4% 4 FOREIGN EXCHANGE. 89% |, 994 . Nominal Selling che 94y xold ‘«W»' 89 89y don. pound $4,801, 991, goig | Momtreal. doflar 1021 10215 fran 1015 1013 gmark 102% 102% 102% ir 101% 108 1014 103% 103% 102, 4% T4 T4y, 9uia 9918 934 ) 83% 831k ¥, | Ei | Elec Refrig(f2) BUYS SERVICE STATIONS. | Eiec Sto Bat(16) 2 Horn pf. . NEW 15 @) dicott pt (7). insd bought | Pub § ngineers skl e s DS pE(T) i ) Erie RR... .. Juri, Kan- ! Etie 18t f. lurie 2d pf. | Gureka vac (4). rbnk M pf(8) am Play (J10). amous pf (8) .. edLight(®1.40) | Fodgin & Smelt | Feafral Truck. . | Fia Phoenix (6) Fisk Rubber. . .. | Flelschmn(t2%) | Foundation (8). | Fox Film A (4). Freeport-Texas. Gabriel Snu (15) Gen Am Tnk (3) Gen Asphalt.... Gen Asph pf (5). STEEL RAILS ADVANCE. (EW YORK, September 15 (). dependent makers of light rail 15t 58 {cluding Bethlehem Steel, have ud. | 20 &g T 66 62 ced prices, the minimum quotation | y.an-Amer Pete being $36 for billet rolled rails, it is | ppyia Co 5% 38. {reported from Pittsburgh. Carnegie | pyia Co re 68 A Steel quotes $34 to $36. Phila & RAC&16s inerce-Arrow 8s. public Service 6 P Serv Gas 535 64. Punta Alegre 78 Remingtn Arms North Am Ed 6% Nor Ohio T & L 6 Nor States Pow & Pac Gas & El 5s. 893 99% 10244 32 102 26 26% BT 65 stations in Mis a und Arkansas, PROFIT IS LARGER. YORK. September 15 (#) Petroleum and subsi ted net profit rst half of 1926, equal mmon stock, E . in the first hulf of 1923 = 26" P Wabash 5%8 76 5 rvv' West Maryland 4s. Western Pacific 6s. 26 | wisconsin Cent 4s. 5 95 95 10% 10% 21 21% 599 60% 165% 164 29 29 55 54 385 33% 70 0% Yel Tr& C (72c). 55% 35% 33% Youngstown (4) 89 90 88 Hourly Sales on N. Y. Market. j0am. 460,200 1lam. 754,300 12 n.. 975,600 1 p.m 1,245,300 | EXTRA DIVIDEND DECLARED. NEW YORK, September 15 (#). An extra dividend of $5 a share has been declared on the preferred stock of West Coast Ofl Co., subsidiary of Assoclated Oil, in addition to the reg- ular quarterly of $1.50. 1 PBICES—ON 'ARIS BOURSE. PARIS, September 15 (P).—Pric moved irregularly on the Bourse today Three per cent rentes, 49 francs 95 ¢ centimes; exchange on London, 169 e e rerments based or "thg | francs 50 centimes: 5 per cent loan, latest quarterly or half yearly declarations | 52 francs 95 centimes. The dollar Unle ‘otherwise noted, extra or special divi- o et Dt oo, | was quoted at 34 francs 91 cemtimes. *Partly stock. 1P: . §Payable ! in common stock. bie 1% quarterly. 3% i Loc] bPiis quartly. of $3. f 82 Stockholm 196 19 2678 ) (quota ritain, de- NEW For: tions in cents) mand, 454 ibles, day bills on banks, 450 1 demand, 2.86; cables, 2§ mand, 3.64% Dem 23.81 Sweden, erland YORK, ’Carloadings Set New High Record For Second Week 18% | H50% 49% | 100 984 FINANCING IS PLANNED, NEW YORK, September 15 (P).— Financing to complete the expansion and consolidation program of the L'ederal Water Service Corporation and its recently acquired subsidiaries - i~ heing arranged by o Vanking sroup Gen Elec (113). headed by G. L. Ohrstrom Co., Inc., Gen \n early offering of $5,000,000 § g:"g:‘f(g"?"‘ gl Seabd AIr L. 0% per cent convertible debentures is ""&:mm( ) 149% 152 2.:3-_.;.“ Tade Becien | Gen Outdr Ad(2) 831 334 - 33% | ceneca Copper). 5% | Gen Outdr A (4) 53% B68% B3} b3y FG(2) 6l% |G Ry Sic . 8on sou pcery gt 88% 89 | 3121 Un (1.40).. 30 | Gimbel Bros. 624 52 52 | gy ubert The (5) 68 | Giidden (2)..... 204 19% 19% | G imonact2.25) Gold Dust. ... 50 49% 50 Goodrich Ru (4) 50% 50% 2% 31% 4 88% 130 0% Skelly O Southwest Bell ‘Tenn Elec Pow 6s.. Toledo Edn 15t 7s.. United Drug 6s. U S Rub 1st rt 68, U 8 Rub 7% U SSteelstbs.. Utah Pow & Lt 68. . va-Car Chem 7s tientes Sug Warner Sug 78 39.. Warner Sug 78 41.. West Elec 58. Westn Union 6%s. Westinghouse i rmany 1.89 Switz Special Dispatch to The Star. EW YORK. September 15 Car loadings in the week ended September 4 established another new high record, making the fif teenth week this vear that number of cars handled have exceeded the 1,000,000 mark. The figures re- ported to the American R e S e Association for the abov: » ated 1.1 SILVER QUOTATIONS. in the NEW YORK 1 WP 5 in the same silver, Mexican dollars, 14.12 m hangl 1416 42% 42! 148% 149% | 384 Argentina Tokio, 48.50; Montreal, 100.14 Eastern Rolling Mills declared an this_year—no regular rate, { extra dividend of 1215 cents a share on comaton stock payable © 13 % duartly. cPIus| the common stock- in_addition to the L6 N Stock [ 1emalar . of cents, both 577 I stock. dPavable wh o sock TEa G e ue 31 fn uble October | (o stock of yable oc record In epecial stock | <eptember 15. TREASURY CERTIFICATES. (Reported br J. & W 2 oon.— September Bid. 190 ! . 101 5~ week and 1,1 week of 1925, 50% 50% Geodyear »E (7). 305k 1064 105K 1064 in stock. 104% 104% 100 2139 2 101 833 N