Evening Star Newspaper, October 7, 1926, Page 30

80 EER . o PRINAINEAL, ING STAR, WASHINGTON, D. C. THURSDAY, OCTOBER 7, 1926. FINANCIAL. Received by Private Wire Direct to The Star Office ! H. H. McKEE PLAYING BIG PART Raceived by Private Wire Direct to The i | A IN SIUEK MARKEI S wn o Qpen. High. Low. Close. | i f 5 UNITED STATES. | . __ Sales, High. Low.Close. | y Abitibi Pow (4). 93 93 92% 92% Fed Min & Smelt 92 901 9 |Nat|ona| Capital Bank Head bt « (Sales are in $1.000.) ififi?&i&i"fi?&"{' g " :xg:: Abrahmé&Straus. 55 56 66 55 | Fed Mot T(f80c) 28 Y% -.ls Sales. High. Low. Close. - Adams Exp (6). 121 121 121 121 |Fid Phoenix (6). 4193 190 193 4 . . G 81 1 ;e : 16 | Sug Est Orfent is.. 2 % 98 98 E ! e AdvRumley. . 175% 175 16% 164 | FratNP 1steo.a. 1o | Argues Measure’s Merits | | o 1) 1001810014 10016 | o8 O o .. 13 i 1 umile b 55 56 rst Nat S(11; arly Rise Brings Flood of | Ahimeasirn.. s % on | Wisk Rubber. ) Alr Reductn(46) K s Flelscamn(#23, ) . g A - = - . Shares and Prices Adax Rubber. . B Ef’:mfi:’: . 8 o1 USax, 10121 10116 10113 |8 BubTas. - ment Issues Is Better in : ! e b F 793, | ; i i . US4s1944. 10 103 27 103 23 103 26 : . Show Declines. | Alltedcmnt 5y = ST ) 25~IFaVors. Casting Out Hull| R US4%s62. 14 10725 10720 10725 | Verriantes Sue 1 98 93 o8 Today’s Trading. 1015 1018 1013 Lib 4th 4%s 352 1025 1022 1024 | o SRublstrt s, ] : 3¢ . Mt $ 3 . L 3 Toledo Edn 1st 7s. . 107 | Before the A. B. A. - . Liaq (s 111 ton 2t 10018 1120 | Tmfied bruc 8a1*11 ¢ tond 10ai 1o6r:| Demand for Sound Invest- 30 15% 46 | Gabriel Snu (+5) ’ & el Allls Chalm (6). 87% 87 | Gen Am Tnk (3 o FOREIGN. Warner Sug 7139, TN — Amal Laather : | Gen Asphale. > 7 .| Amendments to Prevent Arzentiasias,.... S e o Ol | e e e e oo Special Disvatch to The Star. Am Agricul Chm P i [GenCloae. A Anoth K : . Argentine 6s 7u 59, 11 9h1s gave Westn Union 613 5. : BY GEORGE T. HUGHES. et o Am Agri Ch pf.. . : el /00 5 nother Deadlock. Argentine 6s Octs9 30 p Westinghouse 5s. . 45 h pecial Dispatch to The Star NEW YORK, October 7.—Today's| Am Beet Sug pf. & Gen Eiec (h3) ¥ ;e 5 ¥ o Argentine 6s A. ... 99% g P ‘Westinghouse 7s. . o L NEW YORK. October 7.—Price< happenings on the Stock Exchange | Am Bosch...... 1T 712 Gen Elec sp (60c 11 8o | T Argentine 6s B.... 43 7w | Willys-Ov 6155 33. .| moved irregularly in today's bond were further blow to those who less | ‘saBrake Sh(6) 133 30 | Gen Gas A(el ¢ | BY EDWARD C. STONE. 5 ' § Argentine 75 < Wilson & Co 1st 6s. o market, but demand for sound in | SIWB Shoe pf 1 G e G o b i : . Australfan bs. p Youngstn S & T 6s. vestment issues was a little better. than a week ago had been 100KIng | am Br Bov Ii(% e el i In the exciting debate on the Mc- - . Austria 7s..... i A noticeably so in the over-the-counter for and working for a resump-| AmCan (2).. 2 ,_ G 6% e Mt G ¢ 5 ¥adden banking bill at the Los An- 3 Bank of Chile 6145. S RAILROAD. market. The improvement In senti yon of the main advance which | Am Car&Fay (63 99% 98% | Gon Outae Ad(=) 39 geles convention, which is reported Belgium 6s, - Atchison gen 4s.... 21 91 #| ment was not enough materially (o Was interrupted toward the end|AmChainA (2). * 25 Gen Outdr A () elsewhere in today’s Star, H, H. Mc- T Belglum 615 Atlantic C L el 4 90 90 |affect quotations on the exchange. of the Suinmer. Prices started in this | Am Chicle (3).. 5 L 3214 Gen Ry Sig (15) 4 . 33! IKee, president of the National Capital i Felgtum 7. Sl po=oticC L 14t fu:. 3 92% | although bids were for larger block« morning substantially higher. For the | Am Drug....... 8 9 GimbeliBics.... 47 Bank, played a leading part, urging : elglum 7345, g tlantic CL 7s.... than earlier in the week. first half hour the bears appeared to | Am Express (). 124 Gldden (2)..... . passage of the measure Y:VICongress k- Belgium 8s ‘ .| At1 & Dan 2d 45 48. 10 ¢! Bonds of the type of Southern be in retreat. But it quickly develop- | Am & For Pow. . 5 Gold Dust. 5 without the famous Hull amendments. : ¢ Bolivia 8s. . ; . % Railway 4s and_Southern Pacific ed, Just as it had on the previous day, | Am & Fo P pf(7) 82% Goodrich Ru (4) 7 To prevent another congressional Bordeaux 6 7 . ¢|San Francisco Terminal 4s wera thai as soon as the market lifted its | Am Hide & Lea. i 7' | Goodyear pf (7). 105% 1. deadlock Mr. MeKee favored casting o Brazil 6%s...... 4 e readily taken. There was also good head at all it was a signal for a{AmHo P (2.40). 24% 24% Gothm S H (21) 5615 5 out the Hull amendments, which the . Brazil 7s : " - 7 inquiry for high-grade iron and steel fresh downpour of stocks. Am Ice (110)... : | Gotham new 215 55 convention voted to do after a four- Vi b Brazils. .. B L g . issues, such as Illinofs Steel dlas, Midway through the forenoon the|AmIcepf (6)... 833 8 4 | Gould Cou (2).. 5 * hour fight, the vote standing 413 to i & Cananas 1951 » = - 6 B 31, | U. 8. ‘Steel sinking fund os, Repub list had bepun to sag again. As the [ Am Internati... 51 | Granby Consol.. 50t 8013 so1. oore|268. The amendments, which were Canada bs 1953, . b LI LS I i i By aftarnoon commenced the selling as-| Am La Fr (1)... 123 Grt North pf (5) 76 ! voted down, would confine branch : 1 Canada 6%2193 G Youngstown Sheet. and Tube tx sumed increasing vrgency. All classes | Am LaFra pf(7) 9 Gt Nor Ore (¥%) 97 * | hanking to the 22 States in which it is Chile 7s 19:3 S E 80 | Here, too, however, prices were Lu: of stocks were affected, but there were | Am Linseed. . . . Grt Wstn Su (8) ) o ' | now permitted. . ChIle 81961 . little changed. three incldents which were especially | Am Linsd pf (7) Green Canan. ... 51 Mr. McKee was the first to take the e Chile 85 1946 3 The greatest activity, as on the pre upsetting from the standpoint of deal-| Am Locomot (8) 0 Guantanamo. ... a 5 . , | floor and he asked for the support of & Chinese Gov Ry & 4 " o 1 | ceding day, centered in the foreiznu ers committed to the long side. Am Mach & Fy ) Gulf Mo & Nor. . 1 % | the resolution adopted last Monday by Con Pe j, e . Canad North 6%s.. 2 " group. All the German municipal One was the sudden downward|AmMa&Fy pf(7) 4 Gu M & N pf (6) 06 H. H. McKEE. O JEpat i8. 4 Canad North 7s. E and provincial obligations sold around plunce in General Motors, which all [ Am Metals (4).. T 6% | Gulf States (5).. 671s £riu 66 06N | — = : gflz:“;‘;?”‘ s.. 0 | Canad Pac deb 4s. . “[the high points of the vear, especiallx through the recent unsettlement had{ Am Po&Lt (g1). s o Hart the natior s Car Clinchg& e 3 Coloj s, Bavarian o nal vi .| ez ch&O 6s52. 2 Berlin 6}s. Cologne 6138, el e i 32 | Hayes Wh(131) 2 § Fadden bill with the following restric- | Cz 562 ¢ L Ercino e o) temab . lian. the Cedgn S coneentratins thelr attention. | Am Safets Tt (3) 4 | o 2 JE TR tons pisosd) aioRIBEaT SR Ca L e ERrOas 1 0Ace - Cent Pac 15t 55 90’ ment 7s, were -also flrm above Another was the ease with which | Am Ship & Com. TR e TR 29| Tt S A ol | Ranish Munic 8a A Ches & 0 cv 434+, . 105, around their record price. Trnited States Stoel gaye way. com- | Am Smelting (8) B e B 2 Pl:trc::.\r‘p (®3). l%oa 2 h Restrictions Urged by McKee. 51 6%9 Mch 53. 48, 5 3 cial buying came into tha French pletely ignoring Judge Gary’s optimis- | Am S & R pf (7) 7 Howrtomon ). A oK ) ot oo - (1) That no national bank be per- | Dutch EastI6s47. % 6 Raflway issues and large lots were tie statement quoted yesterday. | Am Stl Fdys (3) | Howe Sound (1), 42 T .’ 7 mitted in any State to establish a | Dutch EastI6s6 2 s 5. taken at fractionally advancing quo- s the readiness with | Am Sugar (5). .. 4 73% | HudeonMan(23; 4 LU WVR(E) 101 .| branch beyond the corporate limits of | Finland 7s i 98% [CB & Q- 314s. i '85% | tations. Parls, Lyons and Medi : shares, the favor-| Am Sugar pf (7) 5 2 et Postum (). ... 102% the icipality 7 Framerican 4 15 931 |ChHI&E T H . ean 7s ‘Paris Orleans i h Hudson Mo(3%) % | FrogsodStl Gar o municipality in which the bank is gnbs.... 13| terranean 7s und Paris Orleans ites of the sy,:ux.x‘,-\::‘«;;unu;_\t‘;r‘:texfight fii 2: g:{n:g-(i;. 4 ;'}g;f Hup Mot (1.40) = Prob.g Refiners. 1 & A situated. ;‘ranc: ;l:. 4 9 ((:h‘liGreut West 45. 4 4| were among the leaders in the move 2 E a (). a s 2 2 = @ T 4 pank .. | French 714s. M &St % 5 y state sland s dupl amount of selling. | Am Tel & Te1(9) 145 145% | Tlitnots Cen (7). TR o ey 93% - mitted th. S ctalish [-‘Z"rf(]mffifl'vy‘f;afiec'h French 8s... 50 3| C Mast qufzéscis' | catca el Ml»’f;m'.":mom’ price Hudson Motors was rushed up again | Am Tobacco (8). 119t 1198 118% 119% | Indep Oil (1). .. 25 g EUEESINGECE) 12112 1% 22l in any State which does not at the | German EIP g3s. . 12 15 94% |CM&StPab4s... 3 34% | above 114 B : against the short interest at the start,| Am Tobac B (8). 119 118% 119 | Indian Mot (114) Pullman Co (8). 182 Hine i e 1€ | German 7s. . 5 5% | CM&SP deb 4s ofs. Gty but it quickly gave up more than|Am Wa Wo c1.20 1 i b4 @64%|Indlan Refining. S gy, | Eunta Aleg Sug. 89 '%tnr:teflnl);::ll;:‘t??fifl‘}t:;";le;“ mrhmn o Ger Agr Bank 7s 4 CM& st Penxfiffs’ 7 3 . nlel dnm:“lk x‘z’""l'xffi."""{’,;‘»'}‘ the ground gained when General | Am Woolen, ... 29 284 28| IndianRefg ctfs. 8y s | Pure Ol (... 26% 26 | ") That no State bank fe rermitted | Ger Gen Elec 7s. .. : CM&St Povils 6 . e ofe. ataraITy Tawes Motors had its collapse. Public util- | Am Wool pf (7). 78% | Ingersoll R (14) Radio Corp of A. 65 o oL bhten S e ani oo milted gy iy CM&SPovd 1425 ets fiig quotations were genezatly CEes: £ 5 i 9 . X e bership in | Greek 7 g bl 51 Third Avenue adjustments and New ity shares, outside of the Greater {Am Writ Papf. . Inland St (2%). Ray Copper(25c) 15 15 iHa Featial Baseres. c ot om 1 tiiag (RGO " HEq Ayeriie S0 % Sy e % 1 G 2! al Res Sys if it has . . 98y . 2 2 | York Hallway incomes were in suppl New York tractions, which were|Am Zine. .. ... % & . 6ulInspiration (2).. 2 | Reading (4) 81 in"operation any branch i Holland-A| St P rf 43 56% | Late ; strong for a time. uncovered mumer. | Am Zinc pf. : L }:::::«:”;::(‘f; Reading rts. 18% v il ani brencH whicd mes | nongacyinh 5 | CMESLP v 4345 of14 : :,u::_r“.; ;:fi"da’l\'dh?;.‘:"f;ir'ahfie:fln ous weak spots. One was American | Anaconda (3)... y : Reading 15t(2). 40 40 {ment of I1. R. 2, beyond the corporate | Ttal ‘ CM&StPevis. .. 54 |adjus e d 50 in volume vas North an. > . N E 7. 1 S - E )24, 3 General Asphalt was the weakest| Armour of TI(A? 151 3 14% 14% | IntCement (4).. 49% 49 e Aow e e HICH) | o RneRsl S . {987, The turnabout was quite stelking. of the oils. It was heavily sold as|Armour of IIi(B) Int Com Eng (2) 4 43 |Remington Type 105 have been established after the enact. g o 2 f 1% % | Interboro obligations were m’;"'"::&. it broke to 80 and then dropped an-|/gemour Ill pf(7) ;“‘““‘"s"“)n 1 Replogle Steel.. 9% 9% ment of H. R. 2, beyond the corporate b v Se Iy strong throughout the greater p: other 2 points. Other members of | #hold ConskCo 22 22 22 Inditeh pe(3.20) 617 Rep Ir & St1 (4). W B6% 56% | limits of the municipality in which | Mexico 58 assente i ChiR1&Prf4s.. e i i1 t strengtie the oil group joined in the decline, | Art Metal (1)... % : G|t Aary 9% 20% 204 Rep1&S pf (7). 9 the parent bank is situated, be per-| Lo . C M I CRITH&SE 63, | : ] e et ol S Thn Marland Ofl in particular sold off | A50 Dry G(23) 4 ; pe |t NiSkeL(2):: . g Reynolds Spngs. . 6% % 6% | mittéd to be retained when a State | 65 54, / Chi Union Sta ] Bl e hm sy ne oo sharply. American Smelting was | Asso D G 1st(6). 9 Int Paper (2). 547% | Rey Tobac B(6) . bank converts into or consolidates with | Ne P 3 Chi Union Sta is 44 . ¢ | Viner Sugae fmuce. GOCRICT \own nearly’ 10" points Hom Foliere it ] ASso DI 21(2) 106 e eapernfi(l), 9 71¢ | Robt Rels & Co. . : & Hationaliban ke on whin) 66 (Of moie OBl AV G et ot went lower. The first 78 at 88 wera was selling at the time of the divi-|Atchison (7).... 148% 144% 1:2 In: }I}y‘(‘em.«m. H Royal D (a3.078) 48 % { national banks consolidate. Norway 5%8 C&WI5%s62 7 315 down over a point. Speculative nlln"" dend increase. i Atehtson pt (5). 9" 99 99 |IntTel & Tel (6) % 11474 Rutland pf. .. .. “It has been stated,” said Mr. Mc-| Norway 85 1943 CCC&StL5s..... 15| "4y boride were lowes buIeyNEE The advance in the Erle shares wag [AtIBirm&At... 1% 2 4 2 | Jewel Tea 38 Safety Cable () % Kee “that the proposition to give na-| Norway 6a 1944 CCC&StLrf 65 AL with stocksc Imtérneticna - ehecked and these stocks came down | Atl C Line(t3%) 204% 200 204 | Tonag Bros Tea. ; tional banks a limited branch hanking | Nerway 88 1952, .. % Clev Term Northern adjustments dipped bes e . me down | £¢1€ Lina(}D%) 20% 298 80% 108 8t Joseph L(1) .. 2 ! € | Norway 6s 1952 ’ i by with the rest. Texas and Pacific at s VL Jom 2% 287%|Jordan Motor. .. 18 StL & SanFr (7). privilege in citles is going to start | orient Dev deb 65 . W] C&S Lstds Jow 80. 50 was off two points and St. Louls | Atl GuifaWIpt. 35 35 i i A . " State-wide branch banking. The propo- S 705 | Colo & Sou 43¢5, . Southwestern was off a point and a | Atlantic Refing. 108 102 103% | KanClty Soutn. 45 43% Bavinekima... 85 8 ; sition embodied in the McFadden bill | panie-ly-Med 6s. . Cuba R R 58 : : o y avi heir share of the down- -N . * 4 " S H x citles wi a population of 25,000 to 4 = 4 % 100 4|Cuba NR6s66.... i ward movement along with the divi. | Austin Nie pf(7) O D T 0 Boab AL Libt. .. 50,000 one branch only: in cities with [ pers v . o et vt :‘ e Y <k dend pavers. Speculators who had | Baldwin L (7. . 121% 117% 119 oo ey - A 0" a population of 50,000 to 100,000 two 4 c Al o CEW YORK been buying the Chicago Great West- | Balto & Ohio !“) x 101%_101% Kennecott (4).. 2“‘"_‘,1"”,;“‘” "l B ranoliens and ih clties With'a ponu‘l‘a Poland 6s 40 % | Del & Hud 51s.... 3 42 103% NEW YORK, October 7 (Special).-— ern stock on merger rumors, which | Bang & Ar (3). . 6 BADs iR [T Rtone DGR, - SRl Uaatn : tion of more than 100,000 an unlimited | Lo/and 8s. . 7 88% Den & Rio G cn 4s. 3 897, 8913 891 | Public offering is announced today by SEp ook eniencrue: wumors | hlch | Beng AT o ADTAIE | ey e () Shell Un (140).. d ombar of Dranend oun an unlimited | Porto Alegre 8. ... 2 10215 1024 102% | D Rio G West bs. .. 9 a banking group headed by H. M. out cbviously at a loss. Chesapeake | Barnsdall B (2). e Sonn| [ EoIKE RS U0, 9 Simmons (12.25), ;s 9oy | to the approval of the controller of | Erague 71s. . e L i 79 Byllesby & L el s g and Ohlo ran up early In the day to | Beech-Nut (13) . v 163 ge Dept S.. 2 20 go || SImmINACIEE the currency, who will have authority | QUeensland 7s. e i i o U a il G L as_against yesterday's close of | Belding Bros(3) < 80, 30 |LacledeGas (8).158% 158% 158'4 | Sinclair Ofl. . {to examine into banking conditions | Rhinelbe UnTs.... A a L B | e e bruary 1, 1061, priced at 99 to 155%. but it considerably more than | Bethlehem Steel. 47 46" 16% | LagoOfl & Tran, 201 19% 20 | Skelly O11 (2)... 8314 91 3os, | there and find out whether the pro-| Rio de Jan 8s 1946. o Eti 6 00 s acnte D ceedia oE thls lost this gain later on. i Beth Stl pf (7).. i 2 104 104 |Lambert (3%).. 618 3 59% 61% | Sloss Sheft (8. . 12 514 ? | posed branches are needed and whether | Rio de Jan 8s 47 T evas D e O B Gsed to feimBere Equipment shares bore their full | Bloomingdale... 32t 82% 82% 821 | Lehigh Val(314) 85% % 847 | Sloss-Shf pf (7). {they can run profitably and service-| Rio Gr Do Sul8 a B C 58 74. 39 977 9 g it L Lot U o part in the downward swing, Baldwin { Bloomingdle pt 7 109 108 109 109 |Leh&Fink stf(3) 34% South Port S (6) 5 |ably for the people. Sao Paulo City 8s Gr Trunksfdb 6s... 3 safitie coripaIy s {08 e e Bl Locomotive and Pullman being the | Booth Fisheries. 5% 5% | Lite Sav (1.0)... 197 a5 | Son Cal Ea (). 3 i ! Mr. McKee in the debate sald that | Sao Paulo 8s 1936. Grand Trunk 7s. . 5 f-ulrl{fl_l in f}“;’_ et o weakest. The independent steels like | Briggs M{g (3). 281, 28% | Luggett & M (14) 9 9 g Sou Dalries A (4) 3 ¢ | the objection of the Senate to the Hull | Sao Paulo 1950. 3tNor 414876 D... 5 91 O The banker ki Bethlehem and Youngstown Sheet and | British Emp 2d. " . 1% 1% | Lig& M B (14). 5 % | Sou Dairles B... 231 22 T S DT onithie (O T ) e (R = e ot L SR . ¢| Bnnounted that the issue had ail beem Tube went along with Uhited States | BkinEdison (8). 56% 150% 1613 | Lima Loco (4).. 50 | South Pac (6). .. 105% R that all laws passed by Congress must | Seine 7s 42. Gr Norgen7s..... 3 . i| announced that the issue h Steel. Atchison and New York Cen. | Blkn-Mn Tr (4). 60 607 | Liq Carb (3.60) . 3 Southern Ry (7) bear with equal weight upon all whom | Serbs Crot § Green B & W db B. . Casibis il Coony tral were about the most sensitive of | Bk-Man T pf(6). 88 & 3 83 |Loew'sInc (2).. 4 % 43 4 | South Ry pf (5). S 7| they may affect, and furthermore, that | Soissons 6s. & Manky % 104" A new issue of $5,000,000 Hood Rub- the higher-grade rails, Bkin Un G(111). 9 9 90% Lofe. ... I 6 || SiceT Mres ... > 291, { €Very citizen. no matter what his posi- | Sweden 6s. .. e bl ber Co.. 10 year 6% per cent conver Brown Shoe (2). 33% | Loose Wiles. Std Gas & El g3. tion, is entitled to equal protection of | Swiss 53:s 1946 m (‘en‘ls. 3 tible notes is offered by Brown Brot! Brunswick Balk. 34% 34k 33yl Lorillard (§2)... 2 9%, 29% | Std G & Bl pf(4) 55 5% | the law. The Hull amendments are | Swiss Confed 8s. .. 3 B I L cle str e 1011, ers & Co., Bankers' Trust Co, and Public ities Brunswick Ter.. 14} 131 Lortllard pf (7). Std Mill (5).... 6 viewed as discriminatory in that they | Toho Elec Pow 78.. 4 sl . 0 Hornblower & Weeks. The notes are Burns Bro (10).. 2 1814 131% | Loulsiana Oi1. 7 3 Std Oil Cal (2) . | give an advantage to national banks | Utd Kingm 53s 29 10 7% | Int Rap Tran -‘z}i’ s priced at 9815 to return the investor Burns BrB (2). 31% 4 314 81| LaOil pf (6%).. E Std Ol NJ (1)... 42 4 7 | in one locality and under certain con- | Utd Kingm 51s 37. 25 10 Int Rap Tr bs stpd about 5.70 per cent and are conver- NEW YORK, October 7 (Special).— | Burns Bro pf(7) 102 102 102 | LoulsGasA(1.75) 237 Std Ol NJ pf(7) 4 6 ! ditions and refuse to give a similar ad- ELLANEOUS ;“‘ Rap Tran 6s tible into fl{',, company’s no-par cot Stovkholders. ot - Savannan iiectiic | Burroughs (14). 1111 111% 112 | Lou&Nash(1634) 1813 1313 Stewart War (6) 64 5 vantage to other national banks fin| . MisC o s e pisa : 4 mon on a basis ranging from 15 and Power Co. met today in Savan. | Bush Terminal.. 2 2674 26% | Ludlum Steel (2} % 3 Stromberg (6).. 59 & another locality under the same cond:. | Ajax Rubberss.... 11031 103t 4 anzt. Nor 1st 6s. 8 104% shares for each $1,000 note in 1927 nah to act upon the 'pmposal to Butte Copper&Z. % 1 s 4% Melntyre P (1). y Studebaker (5).. 5 5414 tlons. He said that Senator Glass 1 Am Agri Chem 7153+ 10 }83: 104 : e '::PGA(\‘oradCs.._Sl 80'% and 1928 to shares in 1931. The change the 25,000 shares of $100 par | Butte&Super(2). 1010 | \ocrory B 11.60 | Spbmarine Boat. L was opposed to the Hull amendments | Am Smit & R 1ot §s 18 1008 a2 % issue was over-subscribed and the common outstanding, into 100,000 of 574 68% | \ack Trucks (6) 991 _{Sun 01l (11). 2 5 jand had asked every banker who ap- | Al Smit&Res... 4 708H Cansas City S 5s... 32 9 books closed. no par and to exchange the old for | By-Products (2) 0% T4% | Mackay (7). rs.. : Superior Oil. i oy peared at the hearing in Washington | Am Sugar ref 6s. Ot 1CLA Kaneity Term {s.. ¢ 8% —_— the new shares in the ratio of one | Caltf Packg(s).. 61 6% Sweets of Amer. & 155 | whether he belleved: the Hull amend: | AM'T & T cktrds 98% % | Lake Shore 4s 28. . ) A further reflection of the prevail : i 2 : R e Symington. . ... e mients off AmT&Tcl trbs 1024 Lake Shore 45 31. . « 97% 974 |Ing favorable conditions for refinanc- to four. It also was proposed to in- | Calif Petrol(2).. 30% 30% 5 . e L DECEOSItn AmT&Tstbs ¢ | Lehigh Valcn 4s.. ing at lower rates is seen in the an- crease the authorized first preferred | Callahan Zinc... 17 g 1% | Mallison & Co. . . % Symington A(2). It was asserted that every banker = 5 " i St . e Bl e T 4 ey Lhl e, ! answered the question in the negative | AmT & T deb 5%s. 047% 1047 | Louts & Nash 7s. nouncement by Halsey Stuart & Co., increased amount to be designated as | Calumet&H(1%) Man El Sup (5). 58 Texas Co (3). ... ; except_two. J WL L A Man Ry 15t 90. . 4 65% B <eries € and to be entitled to cumu- | Can Dry (c2%). Y % | Man El m g (D§) . Texas Gulf (n).. ! "E. N. Baty replied to Mr. McKee, | Am Writing Pap 63 Market St 7s 40 4 b the Kentucky Utilities Co. an issuc~ lutive 7 per cent dividends and to be | Cau Pacific (10) . 2 Man Shirt (1%). Tex & Paciflc. . . v setting forth the necessity, as he |Anacondalst@s... % 108 MIEIRy&L5s.. 16 97 3 | of $6.250,000 first mortgage 6 per cent radecmable at $110. This new serles | Case Threshing. 5 Maracaibo Ofl. .. Tex & Pac C& O = | viewed them, of the Hull amendments, | Anaconda cv db 7s. 13 e MStP&SSMends 3 bonds. Part of the proceeds of this is to be offered to customers and em- | Gase Thr pf (1) . Market Street. .. 41 The Fair (2.40).. 2% 13% | Representative Hull attended the meet. | Andes Cop 7s rets. MSCPESSMents. 10 97t 975 97y, |isaue will be used to retirs cutstand- ployes. Engineers Public Service Co. | Central Alloy(2) 313 A & | Market St prior. Third Avenue. E 284 28% ling, but he was denied the privilege of | Armour&Co 43 s rf : 4 1 ing 6 and 7 per cent bonds. have acquired a substantial interest | Cent Leather... i 4 Marland Oil (4). 5214 8 addressing the gathering. However, 2 4 s 102 S. W. Straus & Co. are offering an in Savannah Power. Earning show | Cent Leather pf. s 7 Marland Ofl rts. . v F . his views as to what the Hull amend- | A5¢ i issue of $6,250,000 first and general consistent fncreases. For ‘the 12| CerroDeP (4).. £ S AT ok (2 Timken (155, : 92 | ments meant were read into the rec. | Atlantic Refin s mortgage fee 6 per cent sinking fund months ended August 81, surplus | Certain-Teed(4) b 42 Martin-Pary(2). 4 | Tobac Prod (7).. 4 93, | ord. Barnsdall 68 ctfs. adj 5! 170 o3 bonds of the New York Athletic Club, after changes were $436,564. against | Chand-Cle pt(4) i Mathieson (4).. & 4 Tob Prod A (7). 3 o 1 Washington Stock: i Bell Tell Pa 58 B. 6 prin5sA. 23 i These bonds mature October 1. 1945, $322.300 in the preceding year. Ches & Oh (112) 2 May Dept St (5) " Transcont Oil... 3 3 . sk Ll Tl Bell Tell Pa §sC. . MK&TEsC. .. " ; g i < 4 2 . Prices wi 2 7% | A S ISR has asked the State commission for | Cpj g Bast Il pf 42 4 Mexican Seabd 9 ; e “ 5% | trading being rather light. 5 | Beth Stael 5148 53. 3 9 Mo Pac 6549 D. : :|WHEAT GOES HIGHER permission to purchase the properties | Ci Great West. 9 | Miami Cop (1. 7 | Camtite ). ¢ 2 The market opened with two 10- | Beth Steel 6s... q Mo Pac 6555 E. 5 of the Peru Gas ('o. and the Indiana Chi Gr West pf. 5 " 3, | Mid-Continent. . o E ‘Un Plclfl,' 1 < 3 2 52 hare s: in Washington Gas Light | Brier H St 1st §128. Mont Trm ref s 41 ON FOREIGN REPORTS AanaanBAe -~ o Gas Transportation Co. Northern In-|{ chi M &St F.. g % 104 Mid-Cont pf (7). 9 " R stock at 7015, Ten shares of Wash-|Bkiyn Ed gen bs. Nas: diana Public Service also asks per-| Ch{Mil&StFpl 19% 3 % 19% | Middle States. . . 1 - % | inton Railway and Electric common | BKlyn Union 5%a. - Al R e e ot mission to sell $700,000 par value of | C M1l & St P ctfs : 10% | Midland pf (+12) Utd Cigar § (02) i came out at 190 and five shares of | Bush T Bldg 55 60. NOTex& MGsB.. 9 3 € per cent preferred stock at not less | ¢ M11&StP pf cfs « 18% | Min St P & 8SM. 38 Utd Drug (8) ‘ Merchants’ Transfer and Storage pre- | Calif Pete 614s.... NY Cen gen 3¥.s 2 than 86 and 889,509 shares of no-par. Chi& Nwn (4).. MStP&SSMpt 66 6 UtdDrg 1st(3%) 50 | ferred changed hands at 100%. Mer- | Cen Leath 6s 45 cfs ®INYCrfim4tsis 15 Wet Weather News From Canada common stock at not less than $10 & | Chi R1& Pac 6015 60% | MStPASSM l1(4) 62% 4 % | United Fruit (4) genthaler was out again today, three | Chile Copper 6s33. % W |NYCentribs.... . 2 Also Tends to Lift Values share. CRI&Ppf (6 2 92 92 | Mis Kan & Tex. . Utd Papsrboard. shares selllng at 106. Stock sales N Y Cent deb 6s.. . : Employes of the Public Service Cor- | ShIds (33.40) ..o 48 48 48 |MpK & T pf (6). USCIP&F(10) closed with the transfer of 100 more % | NYCh1&StL 51254 . of Grain Today. tion of New Jersey and its subsid. | CoLeCop (33 82 824 | Missour! Pacific. U S Distributing shares of National Mortgage and In- 4 NYChi&StL 5%sB ‘ 3 poration of New Jersey and its subsid. | Christie B (1:20) 33% 884 821 321 | Miseourl Pac pt. . D & Hoffmn 1535 vestment preferred at 8%, the same | Cuba Cane cv NYC&StL6sA.. > 2 per cent cumulative preferred stock 1n | Goryoior eals ) ot i i U 8 Ind Alcohol. price which prevailed vesterday. Cuban Am Sug 83 .| New Hav deb 45 57. ¢ i | BY the Associated Pross he Mitst two ays o’ 1ty customer | Gloo A eoPIAL) SLOLY bl e iy S Realty (4) r In the hond department but two |Denver Gas6s. New Haven c d 65.. 7 CHICAGO, October 7.—Helped by ownership campaien tow on. This | oo b ot . 1508 3% 6% | Moon Mot (13). S Rubbar. " sales took place—Washington Gas 6s | Dery (DG) 78 NY Ont W ist 4s » 72| unlooked-for upturns in quotations . iiatires ibralDRGIUDI D | D s e g | IECE R LA SRub 1st (3). 1 08 | bringing 103 for a $300 transfer and | Det Edison ref és . 7% | N ¥ Rys 65 65 at Liverpool, the wheat market aver- €hs Muet two fays of the preceding | A 13 A1t 28 |58 Inotirmoascite) 4 S Smelt (3%). 4 | Washington Railway and Electric 4s | Dodge w18s. 9 T Ryn 65 A 65 . aged higher today during the early ephien. It o planmed tomel et |k Ll b 4 S| iosishie(ie) : 7 S Steel (7).... ¢ |going at 823 in a $500 transaction, | Donner Steel 78 N Y State Ry 4%5. yi |dealings. Wet weather reports from ERIEor £hI000 hinres ih Hhe iterritory | L e . e e SG0L oioTRTLLAER) (BTN % U S Steel pf (7). 271, | Four Washington bank stocks are still | Duq L & P 5% 49. 5 N Y Wa&Bos 4%s. B Canada tended also to lift values. i ¥/ \Colomanthiern. . 4 e VR TS Tobacco(3) . s2v; | selling ex-dividend — National Metro- | Duquesne Light 6s. Nor & S gen 55 64.. % Opening unchanged to 1% up, wheat served. Col Gas & El (6) 80 804 e o S E Nash Mot (13).. 9 Universal Pipe politan, Riggs, American Security and ~uba Sug 7%s. Norfolk & W cn 4s. reacted a_ little and then advanced e R ek 10 139, | Nat Biscutt yaig Utah Copper (3) ;| Union Trust. e & F 148, 4 108% Northern Pac 3s. A 5 |all around to well above vestorday's DRY GOODS QUIET. ol iCat o ite).... 6l 3% y 4 Utl PELt A (e2). i xchange Council to Meet. Fisk Rubber 8s. 6 Northern Pac 4 2 e} anile € ‘vnr‘n ol :ia':“ VO NEW YORK, October 7 (Special).— | Com Cred (2 ! 26 4 Vanadtum (3)... 38 W. W. Spaid of W. B. Hibbs & Co, | Goodrich 835, N s 11w |auently continuing to sag. Pro- Cotton goods markets were quiet to- | Com Cred 1st 6% 2 92 9 E Va-Caro Chem.. 9% 91 who i3’ chairman of the executive|Goodvear 85192} Yo W anisedi.. & 18N visions showed strength. day. with print cloth quotations un- | Com Inv (3.60).. 6 60 Va-CarCh 6% pf a 36% |council of an organization formed|Goodyear8s19 Patnsytpai 4%s b News of rain in parts of Canada S ieet i 7e tor Sixets, and bo for | CemSolv B (8). 18815 1913 | ¥ Va-Car Ch pf(7) months ago to look after the inter- | Hershey 5%s PRl el 5 likely to delay the movement of new €8372s. Raw silks were quiet and un- | Congoleum-N... % 22 22> - Vivadou (3). g 2 ests of New York Stock Fxchangs|Hoe& Co6% e Teity: wheat was emphasized by a forecast Sitieed i price; el S ok e % | Vulcan Detin. houses located outside of New York, | Humble O& RS st Ll L atiadaitional snowers Beaidis oft = Con Cigars (1).. 1% 6w T 1 Wabash........ % agn |l attend a meeting to be held in| Illinols Bel 18t iRl : 102% | g of wheat wera reported o be RUBBER ADVANCES { Consol Clgar rts. % ul Wabash pf A(3). 4 Chicago on October 22. The aim of the | Hllinols S6et a0 Port R 1, & P 56 42 9 light both at Winnipeg and at Liver- > | Consol Distribut A 2 2| . o | wanort (1%).. members is to take up problems of [ Indiana Steel 55, LT e e % | pool. NEW YORK. October 7 (Special).— | Gonsol Gas (5). . < 108% 103% | Nat Supply (4) . RRlRostn ... oM special importance to these outside | Int Mer MaZtifp 03 o . An interesting coincidence which at Crude rubher, smoked ribbed sheets, | Contol Textile. . . 21 26| Nat TEa ). .. .. 1 \ard Baking B. 9 25 | brokerage houses, including any criti- ""P“’"" O Reading gen 43s.. 23 977 s trateed considerable notice among advanced . quarter of a cent at to- | Cont Bakg A (8) 57 8% | Nevada Cop (1). Ward Bak pf (1) . ‘ cisms or suggested improvements in|Int e e Reading J C 4s 51 . wheat traders the fact that the day’s noon quotation of 42% cents. o g N Y Canners(c2) Warner Bros. ... present methods. ino T.-%:L ?u A5z, RIArk& L 4%s.. A opening price here today for December This compa with 403, cents a Warren Bros (4) 5 > As Mr. Spald initiated the move to| Kan &P T St L IM&S 4s 29 delivery of wheat was virtually identi- i L pe il $5 s e e ... mow A obtain better representation for the|KanG&Bl6s & SPL IM&S R&G és. 1 . | cal with the opening quotations a year s v - 5 Rt S CItRRELD bl & > broker offices away from Wall Street, | Kelly-Spring 8¢ ; e 9 ago, as well as with yesterday's clos Corn Prod(12%) 48 454 464 | NYCRSLL pf (6) 102 4 4| West Maryland. : i{he was naturally made head of the [Lackawas os/o0. SCTEEST ve lu §s- ing figures. Theoretically, this was as FOREIGN EXCHANGE. Sots x 811 & & 2 committee and has put in much or.| Lacl G ref be k& StL&SFG4sD.. it should : Coty Ino (4). .. . 3 West Md 2d pf.. 21 P ch e G 538 62 = be, but such an instance of (Quotations furnished_by W. B, Hibhe & Ca.) | Crown Pa 1st(1) 981 INy 3 7 West Pacific. . ganization work. The country has |Laclet® 568 BEEEn napes " |an actual perfect parallel is rare. In Nomunal Selling checks | Crucible Stl (8). 72 724 71 Y & Harl (5. . West Pac pf (6). | been divided into’ seven sections, ‘rhe | Lisgett & Myert s . o |StL&SFincés.. contrast, the initial May price today, soldralus Cioday Gibe CaneiBEw 9 3 Y NH & Hart. . West Union (8). 2 144 Chicago section takes in St. Louis,|Loulsv & StL&SFpI6sC.. although about the same as last night's fontreal | dollar 100 = . | Cuba CaneSupt 2 41% 42 | NY On& West. . 23% | WesthsgA B (1) Kansas City and Minneapolis. At the | Mid.-Con 63%s 40. St P & KCShL 4%s " Tovel, was 4 cents Up compared with e ashe 2 ¢ Cuba Co (4).... 81 314 | NY Rys part cfs Westin@fise (4). s coming sectional meeting there will| Midvale Steel 5s. 9 Seaboard A L 4s a vear back. e “mark el 1 i Cuban-Am S (1). 2 244 244 £ Weston Elec +|be a business session in the afternoon | Montana Pow 5s. Seab A L ref 45 = " Tome.” lira .." g Cudahay Pkg(8) 1001y 100 | Ntag F pf (1%). 2 Weston A (2). " 3 imited to members only and a dinner | ffor's & Co 1st 4%s Seab A I adj ba.... 11 Zunich. fran: o5 e Cushman's (8).. 915, 91% | Ny 2 5 % L Frie. 2 4 |In the evening to which other finan- | Nat Tube 1st5s.... ¥ Seab A L con 8s. b s GENE Yoy, urachma Norfk & Wn (13) Wheel & : ! Athens. drac oy AmeTIria) 4. 460 oin 2 i P leLEt. o 43 ciers will be invited. New Eng Tel 5s. ... Seab All Fia 63. ; ; KT o 5 b y : 2 e = H sui It is the purpose of tI i \ ¥ Edison 58 44 Sou Pac 45 29. NEW YORK, October 7 (f).—Wall 14% | pavison Chem 29 North Am pf(3). White Eagle (2) L of the council to|N Y Edl St h h 4 g Hud (9) = ‘orAm Ed pf(7) White Mot (4). . 4 4 get together all constructive sugges-| N Y Edison 6% Sou Pacific clt 4s.. reet hears that the report of Gen- 2 % De! & Hu v( .o 1 North Pac (5) - 3 \hite Rock (+2) tions or complaints and later present|NYGEL H&P 4s. Sou Pacific ref 4s. . eral Motors Corporation for the third v e Wator. i e . White SM pE(H) . to the Exchange governors in New |NY Tel6s41..... Southern Ry gen 48 quarter of 1326 to be published in a Stoaknoim, crown. 3 | Deteolt B4 (). 15T 187H | Smnttane oy 151 Willys-Overland v 20 Yok, Iprovementst (i isoulimel T TSGR L, - e tartitly facocas fec b caraingn ; .. { Eoeis ; t 2 : T $ 97w | methods, rather than any radical | North Am o CTaR S sl OF Ears an® trueky.. Netiin- Devoe&Ra(2.40) 81 81 {Onyx Hos (3.20) Wilson & Co. . e 8 Doo Bis 24% 2 i : 7ilson A (ROW) - 20 |changes, are anticipated. It ‘is the | North Am Ed 6% er 3 Dod:: gx?fl-fi " 3‘ . l.‘;m%“);nfls ‘}"Z" &:{;: vf‘mw 4 | opinion here that in the dealings be- | Nor Ohio T & L 6 Zou Ry Mo & O 4s. ?m:hlu;‘;mcted to ?»’.fi’?flm'f‘f"’g‘m 'Quoted by Alex. Brown & Sons. Closing.) | Dome Mines (2). 8% Sl G SO 1| Woolwth FW (15 4 tween Main Street and Wall Street | Nor States Pow b Third Ave ref 4s. hich would carry the total for the e 8 32116 330k | Otie Steats o) 6 vorthn Pump. .. the outside brokers and their cus-|Nor States Pow 6 Third Ave adj 5s. 2 Y 3 et B At el | DABORL S30ves 1084 108 108% | Gwens Bot (14). Worthtn A (1) 3 63 |tomerscould have no better represent- | pac Gas & El 58 Union Pac 1st 4s. sl D ; MSTIBOE C18) - Wright Aero ( 9 ative than Mr. Spaid, since, by long | pac T & T 58 :: Union Pac 1st rf 43 . 90 . 90 90 DIVIDENDS. Corp Wabash 1st 6s. i | American w do i London. pound Eastman (13)... 17 117 117 | poc on Stubs , i 2 E i B TG (15). experience and study, he knows the Eaton Axle (2).. 45 Packard (12.90). 84% T (ht) business from alpha to omega. Eisenlohr & Bro. o, Paige Mot(1.30). Youngstown (4) 841 Sales of Peoples Drug Stores, Inc., Electric Boat. .. o 8% PanAm6).... 63 for September amounted to $510,197, Elec Power & Lt % 63 5 Hourly Sales on compared with $407,958 for Septembe: Elec P & L pt(7) 9414 2 ; 1tam. 521400 12 n.. 832400 1925 an increase of $102,239, or :;: gv.eo' ;;ft‘«?s)) 5 Panhandle. ..... 1 p.m. 1.375.900 2p.m.1,944.700 |per cent. Sales for the first nine at(t Park & Tilford. . 2 2 tes as given in the above table | MoNths of the year amounted to $4.- End-Jonn (5)... 664 | park Utah (60c). s b4 ; H.’“&'f-’"’-gn'.'n u'.'hhnl-{vmm“-:fiw on tbe | 384,793, compared with $3.818.084 dur- | p Serv Gas 5% 64. ingiueers Pub S } Pathe Ex (¢3) I ‘,‘f}:"e‘]’;.q; extra or spocial'oe: [ing the corresponding perlod of last | punta Alegre 7. ot ineli ok 2 2284 27 309’ EEE] oo —-:wanm-w'-a ® BeBn mannalndZaaan nareenbeme @ 3 H Sesgeees 2% cohfmp,_.' Carbon Whel & LErf 4%s Corn Ex Bani Wisconsin Cent 4 q g ) A speedboat that will travel at a speed not attained by the average | Keles Wheet v airplane is the ambition of Gar Wood. | ~do . His Miss America V has done 80 Jngnrs PS pf(7) 931 Penick & Ford vear, an increase of $56,709 n Arms 6s. TREASURY CERTIFICATES. |k -oasn 367 | Pennsy R R (31, . artls, extra. | Sbasable | per cent. $56,709, or 14.34 | Remingt (Reported by 1. & W. Selignian & Co.r 49 M 464 { Penn. nmon etock. ,1Plue ¢ % In stock pava September sales of S. . Kresge Co, | Sharon s(;!"rz:s N oot~ = 5l Peoples Gas (8). 1 2 3 i T . g moved up to $9.439.936 from $8.221.. ;:“CH: ol ets o Fairbanks ( =+ : 44's 45 | Pere Marq (18). 7 7 s K Ay able e aheuarterly. | 565 in September lust vear, and for Si::lgirOHT!» : Famous PI (38). 116 117%s 114% 116 | Pers M prior(3). 9 . 91 : *rlus % the nine months of 1926 to $76,875,813 | gin Crude Ol 65. FedLight(*1.40) 32 32 31% 31°|Philn&RC&l.. @ Tas ay B B0 :fi_ Sk from $68,564,580-in fhe co P 2 oL 1936 b - o 24 6 2 239938884 9 > P 2% Elee i Ing [ Sin Pipe Line o5 kG 8 White § Mae Bt V-3