Evening Star Newspaper, September 19, 1926, Page 97

FINANCIAL. 11 | h | ments and careful grading are neces FINANCIAL. THE SUNDAY STAR, WASHINGTON, D. C, SEPTEMBFJ; 19, 1926—PART 6. more than 12 points to a new 7% Ahuma NEW YORK STOCK EXCHANGE WEEK ENDING SEPTEMBER 18, Last Week. . Year to Date, 8.426.394 320813372 . 9.099 028 291,693,237 Ahitibi Power & P ( Abraham & Rtrau; Adams Express Advance Rumely . . Advance Rumely pf (3).. Lead (11). £6% Alr Reduction (5). % Ajax Rubber. . 1 Alaska Junea. 27 80 Allled Chem & Dye (4) 17 1% AN 102% Al 16 . 24% Amerada Corpn (1.60)... halm Mfg f (7) Amalgamated Leather 13% Am Agricultural Chem 3615 Am Agriculturl Chem pf. 34% Am Bank Note (1.60) 20% Am Beet Sugar. 59% Am Beet Sugar pf. 16 Am Bosch Maenetn 3 901, Am Brake Shoe & Fy (8). 107% Am B e Sh& Fvpf(7). 20% Am Brown Bov Elec (2). 8615 Am Rrown Bov Ei pf (7). 28% Am Can(2).. 115 Am Cannf (7). b % Am Car & Foundry (6)... 2214 Am Chain Class A (2) 27 5 4% Am Druesists Syndicate. Am Chic'e (3). 10574 Am Exnress (8). 15% Am & Forelen Pows 87 2314 Am Hide & Ly Am & Vor Power of (7) 7 Am Hide & Leathe athe: Albany Wrap Paper ¢2).. Allied Chem & Dye pf(7)’ ha'mers Mfg (8).. Net. Chge. % 116%1119 13% 15 556 156% T Th 127% 128 8% 84 Ll l++4++4 27 27% 132% 139 119%3119% 58 B8 1095 109% 18% 184 30% 31 161 167 54 55% 812 139% % 23 59% 63 19% 21% 136 136 18 118 44 45% 97 97 524 54 176%3126% 99% 199% 25 %K 381 138'% 11+ + 1926. Average price of Same period & year ~1925--26— -ufi Low. Stock and dividend. 8% Continental Motors (30¢c). 32% Corn Products Ref (12%) ‘W 44% Coty Inc (4) 20 Crex Carpe! 98% Crown Wil € 92 % per Crucible Steel (5) . Cructb| Cuba Cai ugar. . 35% Cuba Cane Sugar pl. 30% Cuba Company (4). 20 Cuban-Amercan Sug (1). % Cuban Amer Sugar pr(7). 99% Cushman’s Sons bt (7) ... 42 27% Cuyamel Fruit (4) Davison Chemica 20% De Beers Mines (a1.21). 133% Delaware & Hudson (9).. 125 35 110 33% 21% 785 10% 4 16% Delaware Lack & Wn (17) Denver & Rio Gr West pf. Detroit Edison Co (8).... Devoe & RayndsA (3.40) Dodge Brothers Class A Dodge Brothers pf (7) Dome Mines (2). Douglas Pec (2). Duquesne Light 1st ptm Eastman Kodak (18) Eaton Axle & Spring (2). Elsenlohr & Bros. . .... Elec Auto Lite (16%). Electric Boat Electric Power & Light. . Elec Pow & Light pt (7). Net.. High. Low. Clase. Chge. 1% Year to Date. 139.16 126.04 101.16 10% 43% 51% ’8% 3% 1 4% BO'A "lh 109.63 I - (=% PLL 44410000 i++1 = VOLUME OF STEEL BUYING HOLDS UP Copper Buyers Holdmg off Pending an Improvement in Export Demands. By the Assodlated Press. NEW YORK, September 18.—The volume of buying in the steel market so far this month has about kept pace with the two previous months and the movement .into consumption was large. During the past week there have been some indications of a slight falling off in the demand for some descriptions, notably struc- tural materials, but gains in other, and the outlook was for continued activity. Production was reported slightly smaller but not enough to be a factor and prices were steady. Pig iron was steady, with a fair demand from smaller consumers. . No improvement has been reported in the demand for copper. Many of the larger consumers are supposed to have covered a good part of their September and October needs, and buyers generally are holding off pend- ing an improvement in export de- mand. Meanwhile prices are being shaded in some quarters and sales of small lots have heen reported at about 1430 to 1435 for electro- Iytic. Tin scored a rather sensational ad- T to cover nearby requirements and on small production and the bullish showing in London. -Fears that the upturn had been too rapid and_ the possibility of an increase in afloat supplies at the end of the month sub- sequently brought out freer offerings and resulted in a moderate reaction. steady at the recent de- cline with consumers more inclined to cover nearby requirements. Zine was firmer with a better de- | mand for futures owing to confidence | that consumption Will continue Uberal. Antimony was easier on lower firm offers from China and moderate reselling here. BUTTER IS STEADY. Medium and Lower Scores More Freely Offered. CHICAGO, September 18 (#).—The butter market ruled about steady to- day with trade only fair. Medium and lower scores were more freely of- fered, but only a few buyers showed any interest. The centralized car market was about steady with offer- ings slightly in excess of the light de- mand. Fresh—92 score, 44; 91 score, 43; 90 score, 42; 89 score, 40; 88 score, 37; 87 score, 36. Centralized—90 score, 421(; 89 score, 40%; 88 score, 3 BANK CLEARINGS NEW YORK, September 18 (#).— Bank clearings for the week thréugh- out the country are compiled at $10,- 162,612,509 by the Commercial and Financial Chronicle, a decrease of 3.4 per cent from the $10,516,764,263 for the same period of 1925, New York Are STOCKS RECOVER * INAGTIVE SESSION Van Sweringen Rails Leaders in Advance During the _ Brief Trading. By the Associated Press. EW YORK, September 18.—Ab- Iy changing its course after vesterday's drastic decline, the stock market rallied in spirited fashion to- day under the leadership of the Van Sweringen railroad issues and a hand- ful of prominent industrial shares. ‘With the market's technical position greatly improved by the latest shake- out, confidence was speedily restored by the flood of buying orders which poured in for the railroad stocks. This support was powerful enough to counteract the influence of forced liquidation at the opening which re- sulted from the first resort to margin calle in many months. Buying on Merzer News. ‘Word that the Van Sweringen in- terests had promised another revision of the Nickel Plate merger terms favorable to minority stockholders of the constituent roads started the spectacular buying movement in the shares of these companies. Prospects that the Chesapeake and Ohio opposi- tion would be overcome by doubling the annual dividend guaranty sent stock record above 171, and it closed only fraction below the top. Thersame fac. tors accounted for a gain of nearly 6 ints in Nickel Plate and advances of l to 3% quette issues. Other railroad shares made a be- Iued response to me fnoruble news lopments of the week. ich pre- vlnully had failed to &reun 1r|ler('!t Atchison, Illinois Central.. Norfolk and Western, New York Central and Louisville and Nashville were strong. while Southern Railway shot up 3 points on the announcement fhat pre- ferred stockholders had lost their suit to compel an equal division of divi- dends above 5 per cent. Industrials Are Slower. The recovery of the industrial shares was less pronounced, but it was suffi- cient to give the market an appear- ance of solid strength. General Motors crossed 155 to the highest price under its present form of capitalization and United States Steel, after dipping be- low yesterday’s low level to 143, closed a half-point net higher at 144%. Apparently discounting its early re- turn to a dividend basis, Bethlehem Steel matched the year’'s peak price of 501, closing only slightly Nlow this dgure for a gain of more than 2 points. Equipment shares, including American Locomotive, ‘were bolstered up by predictions of in- creased railroad buying. and substan- tial improvement took place in Granby Mining, Cast Iron Pipe, du Pont, ‘White Sewing MMachine preferred, Owens Bottle and Ancrican Smelting. Mack Trucks rad ‘Varner Pictures A" continued under sllinx pressure. Commodity Prices Lower. Commodity prices were mainly low- er. Wheat prices declined about cent a bushel and cotton closed 9 to 1 points lower, bringing the average loss for the week to ahout 90 points. The n the Erie and Pere Mar- | Baldwin and Pullman, | {sary in order to bring top values. a buyers are slow to take hold of cur rent receipts of doubtful quality. While the live poultry market has ruled firm all the week, due to the | demand for the Jewish holiday, re- ceipts have been moderate and values will probably ease off next week. good demand still prevalis for heavy fat Spring chickens, 213 pounds and over at 28 and 29, with smaller stock selling 25 to but Leghorns only bring 24 to and Black Minorcas 23 to 25. ‘The demand for fat old hens has been good and constant the past | week, and the market closed very firm at 27 to 30, but thin old hens will not bring over 20 to 25, and leg- horns and old roosters are slow sale at 20. There is a good demand for the better sort of ducks at 25 to 27. with no surplus of- this stock. but small and poor ducks are not wanted. even at 18 to 20. Guinea fowl are in more liberal re- ceipt, and market a shade easier at to 75 each for young. and 40 and 130 each for small. Shipment of birds under 11; pounds not advisable Pigeons in liberal receipt and slow sale at 20 to 30 a pair, both for young and old. | Live Stock Quotations. The live cattle market rules steady to firm under only fair to light re- ceipts and a fairly good demand pre- vailing for first quality stock, but common cattle are slow sale with prices in buyers' favor. Handyweight veal calves are very light receipt and meet with ready sale at full values. Quotations today at Light Street Wharf: Beef cattle—First quality, pound, 8 to 9; common to medium, pound, 5 to 7. Bulls. as to quality. pound, 4 to 6. Cows, choice to fan pound, 5 t6 6; common to fair, 3 to 4. City showed a décrease of 4.3 per cent. Net. | ~1925..26— Hl;h. Taw. 95 106%2106% 62% 62% 89% 90% 26 26 this road’s common soaring —— | decline in cotton has been attributed Net. |6 indications that the crop had been S “:; less damaged than weather conditiong 24% Am Home Pr (2.40) 824% Am Jee (+10). 74'% Am Tce pf (8).. 21% Am International. 993 61% 60% 18 El P&L pf ctf 40% pd(7). Elec'ric Refrigeraon(f2) Electric Storage Bat (N) Elk Horn Coal pf.. Oxen, as to_quality, pound, 4 to 6. to fanc head. vance through efforts of consumers @ R IR S SR B [ S S o S [ S RSy ~1925--26— Righ. Low. Stock and dividend. Stock and di High. Low. Close. 42 414 41 1 % Am La¥ Rire Fneina (1), 953 Am LaF Fire Eng nt (1) 20 Am Lin<eed. 52 Am Linseed nf (1) 90% Am Locomotive (8) 71 i Am Machine & Foundry . 45% Am Metal (4). 11373 Am Metal pf (7 RO%, Am Power & Lt (&! 8374 Am Radlator (4). 76 Am Raflwav Expres! 48 Am Renublic; 3674 Am Safety Razor (1. 514 Am Ship & Commerce. ... 80% Am Smelting & Refin (7). 10515 Am Smelt & Refin pf (7). 192 9R Am Snuff (12) Am Snuff of (8) 378 Am Steel Foundries (3) 108 Am Stl Foundries pf (7). 47% Am Sugar Refining (5) . o 29% Am Sumatra (new) 251 Am Telezrh & Cable (5 Am Sugar Refining pf(7 ) k( 1 104142 107% 73N Td% 50 KO 114 114 667 68 115 1115 £3 183 iy [ (kT 103 3314 30% 63% 110t 20% 941 997 2215 9% 30 10% Endicott-Joanson (5) . Endicott-Johnson pf (7). Enkmeers Public Service Engineers Pub Ser pf (7) EquNable Of Bldx (7)) Erie 5 Erie 2 Erie 2d pl Erie & Pittsburgh (31). EurekaVacuum Clean(4). Falrbanka Co. Fairbanks-Morse (3) . Falrbanks Morse pf (7). Famous Players (J10) Famous Players-L pf Fed Lt & Trac (*1.40 Fed Mining & Smelting. . Fed Mining & Smel pf('l) Federal Truck. .. .. Fidel Phoenix F Ins (8) . First Nat Pic 1st pf 19.44 First Nat Stores (1%) Fisk Rubber 67 167 120 1120 20% 94y 21 95 44 4% 624 53 3% 147 109 - 112ht114 120 3% 121 131y FEFE FFF S*#‘S#iz FEFETEES Rl T Err % S 633, 328 33 10% 874 107% 139% 26% 244 224, 24% 38 10048 34 Marland O1l (4. Marli Marti Mathieson Alkall (4).... May Dept Stores (5) . Maytag Co (2).. . Metro Goldwin pf (1.89). Mexican Seaboard Miami Copper (1) Mid-Continent Petroleum Mid-Continent Pet pf (1) Midale-States Oll. Middle States Oll etfs Midland Steel Pr pf (19) . Miller Rubber ctfs (2) Minneapolis & St Lou nolis StP &S S ) rl Kansas & Tex 80% 126 % 120% 40 Mo Kaneas & Texas pf (l) na’n Missour! Pacific. Missour! Pacific nf . Montana Power (5) Montgomery Ward. Moon Moters (3) . 4 Morris & Essex (3%) 1% 52% 102% 924 14 ROV, 35% St Joseph Lead (13 573 St Louls-San Fran (7 76 St L & San Fran pf (7) 43% St Louls Southwestern 70% St Louls Southwst pf ( 4815 Savage Arms (§) 424 Schulite Retail St (48). 20% Seaboard Alr Li 81% Seaboard Air Line pf 124 Seagrave (1.20).. 444 Sears, Rosbk & Co (214) . 4% Seneca Copper . 40% Shattuck (Frank G) (2). 21% Shell Union Oil (1.40). 99% Shell Union Ofl pf (6) . 102% Sherwin-Williams pf(7) s, 513 Shubert Theater (5) Simmons Co (12%) Simms Petroleum (1) 15| might lead the trade to expect. w| With trading in the foreign ex- o1y | changes extremely light, there w. 1 |little change of consequence in the 13 | principal rates. Demand sterling ruled 175 | around $4.85 and French francs showed a loss of but one point at 2.80 1 |cents. Japanese yen continued their advance, being quoted at 4811-1€ cents. Baltimore Markets BALTIMORE. SeptembeM 18.—The white potato market continues steady | under moderate receipts, and shows Sinclair Consol Oil. . Sinelair Consol Oil pf(8). Iy O11.42)........ ¢ S'0oss-Sheff Steel &1r (6). Sloss-Sheff S & Ir pf (7 I South Porto Rico Sug {is net little change in valued. For well | graded stock there is a good demand 3.00a4.50 barrel, but No. 2 stock so desirable. and L\Herlnxn of such move slow even at 1.50a2.00 a barrel. Sack potatoes bring 2.75a3.00 —Veal, choice. pound, 14 to 14', ordinary to medium, pound, 11 to 13: rough and commen. pound. 8 to 9: small culls, pound, 7 to 8. Sheep—Choice. pound, 6 to 7: old bucks, pound, 5 to 6: common, pound. 3 to 4. Lambe, Spring. choice. pound. 14 to 1413: fai- to good. pound, 11 {to 13; common, thin, pound, 8 to 10 | Hogs—Straight. pound. 14 to 14%s. | sows, pound, 10 te 12; stags, pound. 6 to 8 old boars, pound, 4 to §: live pige, pound, 18 to 20; shoats, pound 15 to 18, ATCHISON TRAFFIC. NEW YORK, Septémber 18 (#).— Freight traffic on the Atchison, To- peka and Santa Fe in the week ended September 17 was heavier than a year ago. 44,104 revenue freight cars 76% Fisk Rub 1st pf stpd (7) 3214 Fleischmann Co (123%). 85 Foundation Co (8). 55% Fox Film Class A ( 8 Freeport-Te 28% Gabriel Snub (+5). 130% Am Tel & Teleeraph ). having been handled agn.lnn 40,357 85 Am Tobacco (8). 84% Am Tobacco C) B (8). 1041% Am Tobacco pf (6) . 103 Am Typefounders (®).... 102 Am Typefonnders pf (7). 30% Sou California Edisen. .. 43 Southern Dairies A (4).. 22 Southern Dairies B c 96 Southern Pacific (¢ 77% Southern Rallway (7). for 100 pounds, and 1.25a1.50 for No. 2 stock. while 150-pound sacks sell | mostly at 4.00a4.50. Native and nearby garden truck in moderate supply, and with a fairly Mother Lode Coalit (%). Motion Picture (1%).... Moto-Meter Cl A (3.60) Motor Wheel (2) Mullins Body . CRUDE OIL PRODUCTION. NEW YORK, September 18 (#).— 83 Crude petroleum production in domes- 34 9,8 19 % Am Water Werks(cl. "«) Am Water Works pf (7). Am Woolen. ° 8 €6 Am Woolen pf (7) 1% Am Writing Paper pf. 1 Am Writing Papr pf ctf! 5% Am Zinc Lead & Sm 25% Anaconda Conper 6 Archer-Danlela-Midland. Mpt (1), 201 Armour&Co of Del pt(7). 1214 Armour & Coof TI1 (A).. 9015 Archer-Danlel 5% Armour & Co of Tl (B) 80 18 Arnold Constable & Co. 371 Assoc Dry Goods (21%) . o 101 32 Associated Oil (12.40). 921 Alch Top & S Fe pt (5). 15 Atlanta Birm & At 147% Atlantic Coast L(19%).. 20 Atl Gulf & West Indles. 21 Atl Gulf&West Indl 9515 Atlantic Refining. 45 Atlas Powder (4). Atlas Tack..... Austin-Nichols. Armonr & Co of 111 pf(7). Assoc DryGood 1st pf(6). Assoc DryGood 2d pf (7). 116% Atch Top & Santa Fe (7). »t. 53 30 37 93 28 104 4 20 .,;, |"n 'm ® 29 24 ] 45 17 n 65 14 65 Austin-Nichols pf (7) 3 Autosales.... 12 Autosales pf (2:50) Balt! & Ohio (5). . 27 Balti & Ohio pf (4). u 3’! 18% Barnsdall Cl A (2) 16 Barnsdall CI B (2) 281 Bayuk Clgars. '+ Beach-Nut Packing (13). Belding Brothers (3). Bethlehem Steel. 1, Bethlehem Steel D( . Bloomingdale Bros. % Bloomingdale Bros pE(T) 1» Booth Fisheries. Botany A. .. Briges Manufacture (3). 2 Rritish Emp Steel 2d pf. . ‘. Rrooklyn Edison Elec(8). 1x Broowlyn-Man Tr (4).. 274 Brookn-Manhat T pf (8). Brookn Union Gas (t11). 15 Brown Shoe (2). Brunswick-Balke-Collen. Rrunswick Ter & Ry See. Buff Roch & Pitts (4).. Burns Brothers CLB (2). 12 Burns Bres pf (7). Burroughs Adding (14). % Bush Terminal... Bangor & Aroostook (3) .. % Baldwin Locomotive (7). d AR NN 321 33 101%2101% 4% Gardner Motor. . 39 Gen Am Tank Car (3). 42% Gen Asphalt. 86% Gen Asphalt vf (8) 46 79 10% Gen Cigar (4)... General Electric (H3). .. Gen Electric Spec (8uc) . . Gen Gas & Elec A (E1%) Gén Gas (B). c GenGas& Elec7% pf A.. Gen Gas & Elec8% pf A. Gen Gas pt B (7). % General Motors (116). Gen Motors deb (6). Gen Motors pt (7). Gen Outdoor Adv (2). Gen Outd Adv Cl A (4) Gen Rwy Signal (t4%).. Gen Refractories (3 Gimbel Brother: Glidden Company Gold Dust odrich (B F) Co (4) Goodrich (BF) pf (7)... Goodyear Tire&Ru pf(7). Goodyear T & R pr pf(8). % Gotham Hos new (23).. Gotham Silk Hos (23) .. Granby Consolidated. ... Great Northern pf (5)... Gt North Ore ctfs (1%).. Great Western Sugar ( Greene Cananea Coppe Guantanamo Sugar. ... .. Gulf Mobile & Northern. Guif Mobile & Nor pf (6). Gulf Stares Steel (5)..... Hartman (B) Hayes Wheel (131) Helme (G W) (+6%) Hoe (R) & Co Class A. Homestake Mining (7). Housenold Prod (13%) Houston Ol Howe Sound Hudécn & Manha, Hudson Motor (3%) Hupp Motor Car (1). 1linois Central (7) . 1 linois Central pf (8). . Incepend Oil & Gas (1). Indian Motorcycle (2). tndian Refining Indian Refining Ingersoll-Rand (14 Inland Steel (234) . Inland Steel pf (7) Inspiration Copper (2) Interboro Rupid Transit. Intercontl Rub (1) 981y 105% 106193108y b4 96 41 110“-2110‘3 24% 401y 14% 818, LI+ Nash Motors (13) 4 N2t Acmé (stampe Nat Biscuit (t4%). Nat Cash Register (3). airy Products (3) Nat¥Dept Stores. . ... Nat Dept St st pf (7). Nat Digtillers Products. . 4 Nat Enam & Stpg. Nat Lead (8) Nat Lead pf (7) Nat Power & Lig! Nat Rys of Mex 15t pf. i 1 Y Air Brake (3). N Y Canners (C2) \ Y Central (T).... N Y Chicago & StL (11 Y Chi & St L pf (8) Y Dock. N Y Doc pf N Y & Harlem (§ N Y New Haven & N Y Ontario & Western N Y Railways pr ctfs. N Y Rwys (2d stpd) . N Y State Rallways Niagara F Pw Copt(1%)’ 4 Norfolk Southern. Norfolk & West (8 Norfolk & West pf (4). North Am (b10% sock) North Am pf (3) North Am Edison pt (8).. Northern Pacific (5) . Norwalk Tire&Rub (8 Nunnally Co (1%). Oil Well Supply (2) Omnibus Corp Y Omnibus Corp pr A (8). Onyx Hoslery (3.2 Onyx Hoslery pf (7). Oppenheim Collins (3). Orpheum Circuit (2). .. Orpheum Circuit (pf (8). Otis Elevator (8 Otys Steel. .. Outlet Company pt (7). Owens Bottle (14)... Pacific Gas & Elee (3). Pacific Ofl Stubs Packard Mot Co. (12.0) .. 1454 . 189% 102 15% 92 40% Southern Rallway pf (5). Spicer Mfg. .. Spicer Mfg pt Standard Gas & El (£3) . Standard Gas & Bl pt (4). Standard Milling (5). .... Standard Milling pf (§).. Standard Ofl Cal new (2) Standard Oilof N J (1).. Standard Otl of NJ pt(7). Standard Plate Glass. ... Sterling Products (5). Stewart-Warner (6). 434 1168% 6 97 Stromberg Carburet (6. 11 Studebaker Co (3). Studebaker Co pf (7 Submarine Boat. Sun Ol1 (11). Superior Ol Superior Steel (2). . Sweeéts Co of Ameriea. Symington Symington Class A (‘) ‘Telautograph (80e) 7% Tenn Copper & Chem (1). 42% Texas Co (3) Z 97'% Texas Gulf Sulphur (10). i 2% 1‘ | * i b8 i % o mélons, good demand prevailing the market rules steady at the following quota- tions: 3 Stringless beans, 1.00a1.25 bushel: beets, 2.00a3.00 for 100: cabbage and carrots, 3.00a5.00 for 100 sugar cornm, 12a20 dozen; eggplants, 40a60 basket: ma beans, 4.00a4.50 bushel; onions, 1.2522.00 for 100 pounds; peppers, 3(\ basket for green and 45a50 for red: squash, 40a50 basket, and tomatoes, 50a75 basket, and 1.00a1.10 bushel for packing stock. The green fruit market rules easy under liberal recéipt, and it takes fruit of quality to bring top uluel Cantaloupes are selling 25 to basket: peaches, 1.00 to 2.00 huuhol pears. 2.00 to bushel. and water- 20.00 selects; 12.00 to 1 not wanted at any price. Dairy Products. The egg market has fluctuated the past week. opening very firm. but 4214 Texas & Pacific 4 1% | easing off at the end of the week, due % |10 heavy receipts of native and nearby 105 . 124% 9 . 103 85 132% 1% 37 105 $105 120 120 8% 9 103 103 8% 185 131% 131% ‘Third Avenue. Thompson J C (3.60) Tide Water Of1 (1%) Tide Water Oll pf (5 Timken Axle (1612) Tobacco Products (7 Tobacco Prod Cl A (7). -10 | /,{ — 4w + % Ta \,1 + g = | firsts stock. While the demand still con- tinues good as 1o quality, and it takes well graded stock to bring A premium ovér quota- tions today of 38 and 39 a dozen for in free cases. Prompt ship- huyers are more critical ! tic flelds from January 1 to Septem ber 11 is estimated at 521,774,000 bar- rels by the Oil, Paint and Drug Re. porter, compared with 545,912,000 bar- rels in the same period last year. production is now at the rate of 2,121,100 barrels against 2125400 last year. NEWSPRINT PRODUCTION. NEW YORK, September 18 (#).— Production of newsprint in the United States in August declined to 139.259 | tons from 140,516 téns in July, with | shipments of 136,564 tons against \H’.’,S?O tons. Mills in Canada pro duced 162,545 tons in August, against 163.037 the month before. Shipments were 160,031 tons, against 161824 in 15:00 to 6.00 for primes. while culls are | Ji¢. TIN PRICES ADVANCE. NEW YORK, September 18 (#).— The scarcity of tin and the heavy de- mand for it, have advanced prices of this metal to the highest levels since 1919, says the Ofl, Paint and Drug Re- iporter. A record of 7213 cents a vound was éstablished then. Sales of the metal recently were made at 6 cents. ', |Financial nghhghts of Past Week Twin City Rap Tran (5). Underwood Typewr (4).. Union Paclfie (10) . Unton Pacific pf (4). Union Tank Car (5). Union Tank Car pf (7) . 1 nited Drug 1st pe va%) United Fruit (4). L United Paperboard (2) United R2ilway Invest pf US CastIP&Fdy (10).. U S Distributing. . . U 8 Hoffman (13%). U 8 Industrial Aleohol U S Industrial Aleo pe(T). T8 Realty & Imp (4). Special Dispatch to The Star. NEW YORK, September 18, 1926. et beslellE s £ | Stocks (average of 50 jssues). "‘Rond- (average of 40 issues).... Irnmm bonds (average of 10 issues). \F-deral Reserve ratio. Money rates in New York: Call ... Time | Unfilled steel orders. Brought Out in Nutshell by Statistics This Week. High. Lew. High. Low. 135.83 134.04 137.44 135.90 This “'eek. Last Wetk Last Week. . 1 IM 0 This \V!ek TLast \\'eek Year Alo This “aek Last Week L4 tos 415 t0 5 ATy te 5 4% to 5 Monthof Month of Month of Aug., 1926, 3,542,335 Pig iron production. .. 103,241 | Building permits: Number of cities. 80 Bush Terminal deb (7). 41 Rutte Copper&Zinc(50c). 6% Butte & Superior (2). 17 674 681y \. S RubBber. 7S Rubber 18t pf (3. l SSmeit Ret& M (3% Paige-Det Mot Car(1.80). Pan-Am Pet & Trans (6). Pan-Am Pet& T CI B (6). 481y 51% 1, 17 28 53 69 110 7 43 Butterick Company Byers (AM). .. By-Products (2). 3, California Packing (4) s California Petroleum (2). + Callahan Zinc & Lead . Calumet & Arizona (8 Calumet & Hecla (1%) Canada Dry Ginger Ale 12 Canadian Pacifie (10). Case (J 1) Thresh Mach Case (J 1) Thres M pf(7) Central Alloy Steel 1a Central Leather Co. 1, Cent Leather Co pf 12% Century Ribbon Mills. ... 43! 80 1 Cerro dePasco Copper(4). 1a Certain-teed Products(4) 1y Certain-tdProd 2d pf (7) 11%, Chandler-Cleveland. st € 36! Chandler-Clev pf (4 esapeake & Ohio (1 icago & Alton. 1n Chicago & Alton pf 2 Chicago&East 1llino pr 78 Chicago Great Western. 167 3 ai 1012, Chi & Northwes 50 40 92 44 45 30 35! 28y 93 105 581y 108 30 1, Chicazo Great West ot 1% Chi Mil & St Paul Chi Mil & St Pau’ pf Chi Mil & St Pctfs of dep P pf ctfs of dep rthwestern (4) npf (7) e Chi Pieumatic Tool (5) 14 Chi Rtock Island & 17 acifie Chi Rock I8! & Pac pf (8) hi Rock 1s! & Pac pf (T) Chi Yellow Cab (4) 1y Childs Co (32.40) .. Chile Copper (2'3) 1» Christle Brown&Co(1.20) 1s “hrysier Motor (3).... Chrysler Corp pr8). .. Clev Cin Chi & St pf 5) \a C.uett-Peabody (3). Cluett-Peatody Coca-Cola (7) 5 Chi& N 89 50 76 12! 34% Collins & Atkman. 98% Collins & Atkman pf (7 274 Colorado Fuel & lron. 4414 Colorado & Southern. 46% Columbla Gas & Elec (5). 1043 Columbla Gas & El pf(7). 46 Columbian Carbon (4) 26 Commer Credit (2) 23 Commer 22 213 Commer Credit pf B (2) Commer Cred 18t pf(6%3). Commer Invest Tr (3.60) . Commercl Solvents B (8) 1y Congoleum-Nairn. . edit pr(id). 4013 Congress Cizar (3) 2613 Consolidated Cigars ( 79%, Consolidated Cigar pf(7) 11 Consolidated Distributor 74 Consolidated Gas (5).. 14 Consclidated Textile 73 Cont Baking A 11 Cont Baking B 81 Cont Baking pf (%) 60% Continental Can (16) 93 144% 108 Continental Insuran .. 10"'72 hl\ 1061. 10.1. 136\ l!'l\ Internat Comp Eng (2).. Int Harvester (6) . Int Harvester pf (7). Internat Match pf (2.20). Internat Mer Marine. .... Internat Mer Marine pf.. Int Nickel (2).. Interrational Paper (2). Internatl Paper pf (7) Internat Tel & Tel (6). Jewel Tea. .. Jones Bros Tea Jones & Laughlin pf (7) Jordan Motor Kan City Pr&L 1st pf( Kansas City Southern. Fansas City South pf(4). {avser(Julius)& Co(3).. ser (Julius) 1st pf(8) I\ellv-bprlnlfil d Tire. . Kelly-Springfield Tire pt. Kelsey Wheel (6) . Kennecott Copper (4 . Kevston., Tire & Rubber. Ki..iey (G R) Co (4) Kresge S § (1.20) Kresge Dept Stor Laclede Gas (8). ... Lago O1' & Transport. Lambert Co (313). Lee Rubbar & Tir Lehigh Valley (313 Leh~ & ¥ink (3). Life >avers (1.60). Lizgett & Myers (14).... Ligeett & MCIB (14).. . '.ima Locomotive (4). Liquid Cardonic. loews Ine (2). Loft Inc ' Long-Bell Lum Loose-Wiles Biscult. . Lorillard (P) Co (§2) Lorrilard (P) Co pf (7).. Louisiana Oii Refining. .. Louisiana Oil pf (7) a1n 26's 15 1104 Louls "1 & EI Cl A(1%) Louisville & Nash( 06;, ) Ludlum Steel(2). . McCrory Stores(f5. sm McCrory Stores B ( Melntyre Porc Mine Mack Trucks (6) Mackay Cos pf (4). Macy (R H) & Co Macy & Co pf (7) Magma Copper (3) Mallinson & Mallinson & Co pf (7). Manati Sugar Manati Sugar p! Manhat Etée Supply () Man Elev mod gtd (d5). . Manhat Shirt (1%) 2 Manila Elec Corp (2) Maracaibo Oil Exploru Market St Ry . Market St Ry prior pr Market St Ry pf. . Market St Ry 2d pf 52 104 xlrm. 384 114% i16us116n 20% 201y 111%$111% e 52 21 160 20, 59 Eay 2378 13673 33 76 78 24% 1521, 21n 160 21 161 139t 334 76 a4 et 4400 rmymy\- 36 17 78 244 [ Pan-Am West Pet B (2).. Panhandle Prod & Ref. Panhandle Prod & Ref nf Park & Tilford. .. Park Utah (60c) . Pathe Exch, CLA (€3). Penick & Ford. . Penney (J C) pf (7 Pennsylvania Coal&Coke. Pennsylvania Railrd (3). Penn Seaboard Steel Peoples Gas Chicago (8). Peoria & Eastern. .. Pere Marquette (18). Pere Marquette pf (5). Pere Marquette pr pf(5). PhilaCo (4). . Phila Co pf (3). Phila & Reading Philip Morris & Co. . . Phillips Petroleum (3)... Phoenix Hoslery. .. Phoenix Hosiery pf (7) Plerce-Arrow. . .. Pleree-Arrow, pf (8). Pierce Oil. ... Pierce Petroleum. Pitts Coal. Pittburgh Coal pt Pitts Steel pf (7). Pitts Terminal Coal. .. Pitts Utilities pf (+1.20). Pittsburgh & W Va (6) Postum Cereal (5). Pressed Steel Car Pressed Steel Car pf (7). Producgrs & Refiners. . Producers & Refiners pf.. PublicService N J (5).... Public Service pf (£). . Public Service N J pf(7). Public Service N J pf(8). 122 Public Ser EI&Gas pf(6). 1035 Puilman Company (8).... 199% Punta Alegre Sugar 40 Pure Ol (12). 27% Pure Oil pf (3). . 1104 51 10 1074 IUD *100 Radio Corp of Am. Radpi Cor of Am pf(3%). R R Sec 11l Cen ctfs (4) .. Rand Mines (a1.52).. Ray Con Copper (25¢). Reading (4).... Reading 18t pf (2). Reading 2d pf (2) Reid Tte Cream (3). . Reid Ice Cream pf (7) Remington Typewrite Remington 1t pf (7) Replozle Steel Republci Iron & Steel(4) Republic Iron & St pf(7). Reynolds Spring Reynolds Tobacco B 45) Robert Reis & Co. Robert Reis & Co 15t pf Rossia Ins Coof Am (6).. Royal Dutch (a3.078) Rutland pf.. Safety Cable (4) 51% 48% 5% 381 10441108 881 88% 1% 9215 2% A 100 26% 27 115 $116% — B L) 3 30% % -~ 110% 112 116%1116% 9% 10 107%2107% 9 9 50 504 50 504 5112 51% al % » U S Steel (7). U S Steel pf (7) Univer Pipe & Radiator. . Univer Pipe & Rad pf (7 Ul Pow & Lt A (82) Vanadium Steel (3). 1 ). US Smelt R& M p1(3%). Viek Cherhical (3%). Vicks Shrevept & P pf(3). Virginia-Caro Chem. Va-Carolina Chem pf (6) Va-Carolina Chem pf (7) Vivadou (3) Vivadou pf néw (7). Vulcan Detifning. Vulcan Detinning p (7). Wabash Wabash Waldorf System ( w Walworth (1). Ward Baking C] B.... Ward Baking pt (7)...... Warner Bro Pic C1A.. Warren Bros (4)........ Weber & Hellbroner (4).. West Penn Power pf (7). Western Maryland Western Maryland 2 Western Pacific. Western Pacific pf (6) Western Union ’l‘cloul). Westinghse Alr Br(171) West'house E& M (4).., Weston Elec Instrument . Weston Elec Inst ClA(2). Wheeling & Lake Erle. . . Wheeling & Lake Erie pf. White Eagle Oil (2). Y White Motors (4). White Rock (2). White Sewing Ma pf Wickwire-Spenc Stl ctfs. Willys-Overland........ Willys-Overland pt N Wilson & Co ne Wilson & Co A (new). ‘Wilson & Co pf new . Woolworth F W (15). Worthington Pump. Worthingn Pump pf B(6) Wright Aeronautical (1). 4 Wrigiey (Wm Jr) (14) Yale & Towne Mfg (15). . Yellow Tr & Coach (72¢). Yellow Tr & Coach pf(7). Youngstown S& T (4)... 33 104%1104% 844 18714 RIGHTS—EXPIRE. 2% Peoples Gas Lt & Coke. . 2% 16's Reading Rwy Jan1'97.. Dividend rates w £iven in the above table are the annual cash payments based on the latest cuarteriy or half year! laray Diters onarwiss noted. cxira oF smecia) dividends are aer eogs- *Partly stock 5% | 4% in stock pavable 17 nul i 2 0_reg: ¢ Plus 5% 1n stoc in cash o stock ~ f Plus us svectal % in stock. 2% 2% 21 19% 20% JPartly extra. #Payable in common stock. Plus 3% in stock. ular rate stock payab when earnad. e .l.-z‘ 1n"Hock stock. i Plus [} are not included. i | | IR seFsESS ~ *s ¥ kel W Amount & Commercial faflures: Number Liabilities ... Revenue car loa RS All commodities............ Grain and grain products. .. Coal and coke . Forest products . Miscellaneous products ore ..... Live stock . Showing Current Business Activity Check transactions compared with Showing trend of Afrlcul 5 Movement of goods (car loadi Retail trade (Federal Reserve Failures (Dun’s) .. Bond prices (Annalist) Stock prices (Annalist) . Stock ‘ 443 . $367,149,292 Wholesale trade (Federal Reserve Bonrd market volume (shares traded) . 468 445 $357,831,600 $404,355.541 1,805 1,513 680,009 $37.188,861 . 4,1926. Previous week. Yenr ago. 7 13 ,.3:; 1,102 7218 HOW IS BUSINESS? compared with same week a year ago GENERAL BUSINESS ACTIVITY for the country as & whole, Indicated by bask debits outside New York, compared with the same week of last year. ACTIVITY BY FEDERAL RESERVE DISTRICTS the corresponding week of last year: LEADING BAROMETERS important factors. 2 < > - +H+ L 4 Wt e Pt i 1S P = D PYNTITSS T Y Y - (All nights reserved. Cambridse Aamciates. Boston.) 5