Evening Star Newspaper, October 8, 1926, Page 30

30 * FINANCIAL. I B NG STAR, WASHINGTON, D. C.. FRIDAY, (N"]’OBER 8, 1926. k FINANCIAL. BREAK IN COTTON | [NEW YORK STOCK EXCHANGE | - W, HARRINGTON IS ELECTED " [orwvone BONDSmecsserer] [NYESTHENT BONDS Received by Private Wire Direct to The Star Ofiice MEMBER OF LOCAL EXCHANGE Raceived by Private Wire Dievct to The Star Office i SHAKES SIUEK |.|ST’ Ad el Nt ™ . . clow. | SRR UNITED STATES. y I R 10 [] HIGHER "]UAV lams E: 23 n Am k (3 " i e are in K Al & » ey onr. 10 " Gan Asphalt. .. s & Manages John L Edwards Co.—Pnces e RO . USStealfan L af dom 10 : Lib 3148, 10015 100 15 100 Lib 1st 4 101 i Vertientes Sug 78, Lib2d 4%4s. 52 Warner Sug 7s 41 Lih3d 4is. 35 E West Elec 5. : : Advance Not Uniform. But | Adv Rumley. ! Ad Rumley pt(3 5 4 56% Gen Asph pf (5). 126 120 120 ey :hunndl('l) 6% 6% eng:nrlfl).. 58 52 568 St d A t T d B dT i i { Air Reduetn(t 129 | Gen Elec (h3)... e - Selling of Shares to Cover| iy gicint'® Plammsanl W f & 8 Steady in Active Trading on Board To- : 1AL SR Gen Gas A 15 I | Libd4th 4%s 234 6 v Westn Union 6% : 4 | Alaska Junea ien Gas A(el1s) 40n 41 d C 1T Ad L UStus : 8, | Westinghouse 5s 4 Commitments in Staple Has | ivuny rapr i1 =81 26 | ien tdas b1 B (1 o ay— apxta raction Advances. ; US4sTON. 2 103 5 18 | Wesunghouse : Enough Issues Gain to 14 m 2 i 7 93 934 & 2 - Willys-Ov 6155 2 10 & " AllledCm pf (7). Gen Motors (7). 1671 152% @56 | N N S LT N US4yss2. | voi 4 Lo Depressing Effect. | Allfs Chaim (6). 87 ien Mot pf (6).. 1031 108w 108t fosu | : VIR EA e T s Be Movement. Amal Leather ™ | Gen Mot pt(7). . 119% 119% 119% EDWARD C. STONE. British Isles, passing aboul three : | Youngstn S& T 65, 19 104 # Amal Lthr pt(7) e uuvglr Adf;..) 334 83% 83%| oliowing the regular trading ses- | Weeks in London and three weeks in Argentine 5s. .33 9 3 o, ) 4 i BY STUART P. WE ! Amerada (3).... en Ry Sig (10). Bt gom B | o hington Stock Ex.|Ireland. Before sailing for home he | Arzentine 65 Ju 59 3 9 RAILROAD. BY GEORC HUGHES. Special Dispateh to The Star Am Agricul Chm i | 5 4Tl ATH 4741 enjoyed a few days at Brighton, the ! Argentine 6s Octsd 21 98%, g8 Atchison zen 4s... 20 91! ol wcial Dispateh to The Star b i ke e i (AT BTGRP, [ . 9% 19% 18% 194 |change today, J. Willlam Harrington, {popular English resort. As the Wash- | Argentine 6s A. 9 981 gar, ! Atlantic C L 1st 4s. 9 % G SW YORK. Oetober ¥’ | Am Beet Sug pf 5 s e 5 151 45 4G | manager of the John L. Edwards & |ington banker went abroad for a rest.| Arzentine 6s B. 6 981; 98 AL & Dan st 45 43 > SORE G “tock market had to face the t ¢! Am Bosch GoopEithEL ) 47 don Co.'s broker office for several years.|jhe made no special study of economic ' Argentine 7s. . 005 1007, B & O gold 4s. .. o1 4 tonadly his Good: 5 o . 111005, 100% 100 NGl ity Wi {Am Brake s 2 1 Goodyear pf (7). 1057 106 106% 106 | was elected to membership in the eX-|conditions, although he naturally | \ustr; 5 ag g Nt neoceane.... 9 k nt< bonds, principally i St Am Br Bo EI 394 o 89y (Uothm&H (23%:) 66l b6 66 shange. He takes the seat held bY | nade many interesting observations. | ; O i | n &0 rer as: G L g vhich slipped prices down e Am Can ; tham new 21g Leroy Gaddis, jr., formerly with Allan |y “Drypy was accompanied by Mrs. | rank of Chile s e RLPLOL D - ; wre of the market o prices for levels for the season i« decline | Aw Can pf (7).. 12 2 Sy coniol.. E. Walker & Co., who gave up hiS|1)urv ang their son Paul. They re.| Rank of 1 e i e Sot . 1 g i not unifo followed publication of the Am Car&Fdy (6} 9 9By 9Bl 3 EONORNDE (B). | position to_go into business for him- | gyrncy IR R SER G O Bl ium ben 6s.. 2 1001 100 100 ment crop estimate. which e an|{ AMC&F pf (7) 2 25 o W) 15| self. Mr. Hrrington 18 a Washing | .o gtormy day on the trip. 515 8 g - B&O rl‘lmpE kil ¢ ent . extraordinary showing. It - | Am Chain A (2). 25 25 DA 0 T 2 ton man and is widely known In the e G b g R&O ~ « movement a Sile totall Gr the 18 Am Chicle (3) : % 82 b lohitenr o, o G local financial dmsm o h ¢ Reserve System Study Planned. - 000 bal which fully | Am Drug. s g 6 Prices were steady on the exchange | o = ¥ | Bkl nhat 65 . 22 96 ol rles o i around such 1.000,000 in excess of some of th { Am Express (6 E Hartman A (2) today and trading quite active, Capi.; Local financial.circles are much in tbecmeee : g o ; L 2 » e | tal Traction opened at 10& and ad- | lerested In an announcement that a F LecliEisie 2 g ° 9l as G e vate caleulations given out during the | Am & For Pow Hartman B k4 40 deaux 7 1 last week or two, and at least 400,000 | Am & Fo P pf i Haves Wh(131;) vanced to 1043 on sales of 39 addi-| broad study of the banking and cred- | Brazi) 615s. .. ... “anada South ss. . 0 a < Wrlington hales above the uverage pre | Am Hide & Lea 7 % | Hoe & Co A F tional shares. Potomac Electric POWer | it machinery of the country, with E b £ . There 1o no deubt that some specu-| Am Ho P (2.40). { Homestake preferred Spened at 107%, went to| special attention to the operations of | Hrac o T4 104n 10 S| S nan ot s 1t - : risaze 18 nion Pad lators have been caughi in cotton, | Am Ice ($10) Househd (131 ). 5 | 1077% and closed at 108. Railway and | the {ederal Reserve System in nor- | . e 10414 Canad North T . 6 11 % 115 | refunding his be who were committed at the same time | Am Internatl. .. Houston Oil. 5 Electric preferred sold at 90%. mal times, will be undertaken under | CAnada 5s1931. ... PRTI "Mmj Pac deb 1« g feeling will 1o the side of advance in stocks. | Am Linseed... Howe Sound (4) . 3 .| Both type stocks came out, Lanston | the géneral auspices of the Chamber ! s 19 8 5 gl o e > 2 2 as doubtinl Ny in trying to protect their|Am Linsd pf (7) HudsonMan (21, % 14 | advancing from 913 to 92 during the | 4f Commerce of the United states, | (AN 5 3 cancotesee, ... 2 d out that e foton. Tharket they | At Sicéomot (8) Hudson Mo(3 1) session and Mergenthaler selling at | The main objectives of the study. It | Chile 7s 1942, Gentral P = ‘ i tircly alsovis arifice Biholr oy | Am Loco pf (1) Hup Mot (1.40). 211, 22 > | 106%. Washington Market stock ap- | was explained today, are to diffcren.; - 111 851041, . 81 g; | Cent P s 9 & X In United St e holdings. But the main effect | A Metals (4) .. 4 % Tllinofs Cen (7). 1% peared on the board today for the first | tinte hetween the operations of the ! s PRREEE 9 1 v 4lzs 9 99 v Liberty fonrth 418 were of the cotton break upon the Stock | Am Po&LA (g1). 62 6114 Tridep OIli ()5, 263 time in weeks, opening at 53 and clos | country’s credit machinery in ‘h_.’ E Ghie g, | . Exchange was to raise a serious ques. | Am Radiator (4) 111 . 112 Indfan Mot (1%) 1 ing at 52, Bonds were dull, Washing | more normal situation of the past | Con Pow JapanTs. 13 95 aes [ O E S Sendstl ¢ 9 L the speculat ap attent tion as to how business conditions | 3 Republic . Indian Reflning O 1043 and Capital | two years, as contrasted with the | 4 : e g} wen fonsed onf) e sieeRL LS Safety R (1) 6 - Tac o it e pr i : S1gnbs.... X 780 which again - were conspicuot ufaty R (1) on 5s a mergency conditions of the previous | el S, R were going o he f Ingersoll R ( 5 and how thix would show in th '\”'Ig "on-, %] Inland st (z(l/;‘)) 4 3 ; i District “m\kfl\' to Meet. eight years; to develop sound conclu- 3 & 10178 | St D s ot ofs . . labonhicla e Soi ™ ca A meltin 3 g | gions as ermanence of v : s 1951 2 A 8 i 5 k practically the whe Cotton S . Am Sugar (5) 7 {,;;:"":H{“‘X,’ Tr 3% | riet Bankers' Assoclation on october | (e S o' srormote publle. Gnosr | & CM&StPgndtis : 9916 | at 3115 were up @ point and New ¥ When cotton broke AmBtmates 15 36| 1B M 19) 18 the question of amending the coh | standing of the Nati financtal | Danish Munic 8s E | SM &St Pt 4%m. 6 Ruilways s at 26 bad advaned the market was shake: timeeon: | s sl & WEIC9) 145% | 1t Cement (4).. 45 : htution inforeee to inerease the sl#¢! mechanism in the light of the new | Denmark 65 ; ; Sl L wimuch. - Both o two bonds Lon . 01 | \in Tobaceo (8) . 5 119% 119% | (ht O - 9% | of the council of administration will; Il i . fimen sooos 3% [ M & St P ev s, 54% 5ite isge i Wednesda et Ay e Tobac B (8). e T 2" | Come up for final vote. 1Tt i proposed | “CRomE Suntion bf IR Chnte. | et 1 6 7. ShrEthee fell 5 points. weakness ikl [ Am Type pf (1), 1034 103 1035 108 | 1 it TRES) 486 43 to have the council embrace all thei opr ' five committees, which will| Duteh Fast [ 65 62 Chienw Southern Mailway amd there was a|Am Wa Woc1.20 : Tl h e elective officers of the association, 10| iy, )y de representatives of labor, agri- | 17l S1lvador 8 48. . ChI&NW 4% s 1987 Southern 1t and there was a | {0 T80 26y (i | [NSTEASPE (1) RS gether with four members ll:mrfmmum. commerce, _industry and | Finland s £ 68 45. . : i Fvs s : he Maicelean | e Bkt - 1) 24 i 6l : 61 | clected every year at the annua > | ) el o N § by 3 4 . it et I s 6 Int Nioket 0. 53] e ‘;:,f“m,?,é::l}l‘:; o e T ucal seeny of ilic beder L | e Tis. a4 a3 | cni k“’fl?}"‘t‘ ted . s cotton crop il 1o ] Anaconda (3)... i X : J Q' 1 : a 9 ; ailed to improve erpect: and. with it & faling off in | Archer-Danisis 3 Tnt el & o1 (8) 1100t 113 council of the American Bankers' As t LU HUIEGNS (TR S, ST TG T 08 gmel oI THESm. . L auts | LouisSan Francisco adfustments and the detnand for fertili Armour of TII(A} ¥ Intentypa/ (1) « ¢ |soclation and the immediate past oo ) T 7 Freneh ss. .. income sold around their recent lov But the market had been going | Armonr of TI(B) T v A { president of the District association. | | (tarman B P 6745, 2| Chi Union Sta. points, the lust-named below SN ks ikt oat Withoiit dnterstption £or ] ArtIBomIR)L . e 91, 39 |Theso changes were dis(u;se‘d at flie | Power Issue Oversubscribed. oG . ... o P L l‘ngv es hoard Air Line adjustments wer Sl L S BtioL] Aremetstian)... 28 2 vel Tea pf (7} 123 3 123 (June conventlon at Hot Springs and | i : ) Dt ol : - W1 51s sl et sie il e 45s0 Dry G(21%) ; Jordan Motor. .. s piohouniNunpeatadto Have i o Ine $1000.000NT peaicentipcercuied) 688 CREE IS - . &St ciar. Chile Copper #s aud hands and a_good { Atehison (7). S 146'% | <an City South miotis \favor: \Vice President W. W, stock jof the Tidewater FOWer 0w |G iaeicnntl. o kxx0e 4 evTerm e, by Mining 7% advanced, whi Atchison pf (5). 99 9 | Kayser 7 (3). .. Spaid will preside at the meeting, as' made vesterday. was reported today | Haiti 6s GGG b Andex. Mini . 1.].“-‘, ‘r was little he nnd for the i stient utility “non: ther | | Pacific G W Utah i individual isst he most impressive buying. hoes ever, was in the Inter list refunding s, stamped and unsti and the § per cent notes were iy wronaSanme inportant resisting factors against | - 3 filiher Seling. LAt C Line(19%) 2081 - 208% | Keystone T & H. turned from the Los Angeles conven S I e | e ; o | Guma R R Prices went lower for a time, the|AtlGulf&WI. | Kinney G R (4). 5 5 ition. { dividend. The Tidewater cOmpany | v, . z. i ! S 66. chief incident being a sharp drive | A1 GuIf&WI pf. 35 o 3 Iresge SS(1.20) President Peter A. Drury of the|iurnishes electric light and power in| "= s o e Del & Hnd 1st f 43 18 against General Motors, which forced | Atlantic Refing. 1 |4 { KKresge Dept §.. 2 2 P p Merchants’ Bank and Trust Co. Was | Wilmington, N. (. and vicinity. Tn| jabanese o8 . 18 9% | fvar & Find ov i i atiek 2 back at his desk today after a two- | connectfon with the new stock issue | JiPaneses .. 9 el & Hud 7 o 2%, 37 | uying movement eariier in the it down below 153. In other directions | Atlas Tack | o 2 i * R O . . | Austin-Nichols 9%, | Lago O11 & Tran, ¥ month trip to FEurope. Mr. Drury | the fi ported fENER e | Den & Rio & “ pvernment 7s wed | rm veported that dividends of s. 19 9 o the declines were, for the most part, =3 = ' Lambert (3%) 4 Marseille <. 79 held 10 one-half point, and some stocks | Baldwin L (7). et o spent all his time visiting in lhei]yrefelrml stock had been paid regular 1 Arestiots el 37y 27l Rfa«!f’.f.’("»‘.‘fi,“ i II".“"“ oo .llf.'x"..'l .‘.,“fx"‘-:w eviman did not go down at all. Then toward | Balto & Ohio (8)" 2% | TehaFink stf(3) 34% T — | for the nast 18 years and on Uic | Mexicods10asnta. e . | ere helow the records recently made Jilday the market turned, partly as | Bang & Ar (3).. y Life Say (10> G ‘ o1 ¢ f0)... | | Mexico 5s . 3. 4316 s {vesult of the short covering, partly | Bang & Ar pf(7) £ s g as handled by Stroud. Kurtz & Co.. £ £ 1| Frie zen qs..... . | Commonweaith of dlia 55 were i« the result of fresh buying hased on | Barnsdall A (2). 25 bor b iy Rep1&S pf (7). 9 96% 98% 96% | Bastman, Dillon & Co. and A. E. Fit [ domievideo T .. ; feconviasA.... s st i half point, which ; : Lima Loco (4) Reynolds Spngs. 6% 7 7 etherlands 6s 54. 0 : . o : b the reasonable assumption that after | Barnsdall B (2). Liq Carb (3.60) oo 0. Lo, | kin & Co! 2 : : t bond of that having lost 10, 15 20 puints in cuk Cigar. ... 45% ! TSI (). B hl . TC s entitled to some sort of a recovery. | Belding Bros(2). 30 3 ' | Toose Wiles. 5 5 vfi\’,’{l',‘,f,; {,‘,"0") an% Bertram Chesterman, executive vi e q Nor 416 i 8ok 111 aps; | Telephone 31ax were the object o Leaders Above Yesterday. i o | Lorillard (§2). i & e i president of the Mc Plan Bank in ”'::: iy 1 100 i1 ’\"“x‘l‘}‘;“"l‘f'.'r"“".‘If‘l’.“"('l'""f',.i ;'"'n“;hu‘ e In the afternoon most of the lewde Sl 3 oiy sagi | Couleiars Gl ‘ 5t 's“‘?.f:w:!‘:'(,"' his eity, will attend the seventh con- ‘(m;‘m L L ! o1 | Gr Nor son e .. 2t E s i later losing vart of the gain. were Either Eelling atound. or’ aYove |{BoVIh WIKhRTles. bl 5 o & StL & SanFr (1) u, | vention of these hanks at Asheville., e 4 s Green R & W db B.101 2 8 CoulsGasA (1.75) . £ | Paris-L 9 e s e riaror O r AN : TougNashi 164 StL&San F pe(6) 90t | X. C., on October 15, 19 and 20, 4 s o Goss|TTud & Manreffs.. 35 963 ! s teel. Baldwin Locomotive, | Briggs Mfg (3). LodRimiStest . St L Southwest. 63 i 6214 | fore his connection with the Morris | PartS . Hud & Manaj 5s... 4 A N Bond Is ’ Chesapeake and Ohio, Atchison and | BkInEdison (8). ¥ 5 o : Savage Arms. 82 in New York. Boston and Washington, S : e i q 111 Central ref 4s. . H e ond Issues New York Central. Baltimore and Ohio | BIkn-Mn Tr (4). 61t 2 A 3 i i 301 . Chesterman was a national bank | fort FIe: o S 4 Tl Central Nas My mearly a point. | Miinois| BXN DRiGIT1). 9 .| MecCrory B § : W 7 i ... 34% 344 i 3 aminer in Virginia and later in New Uelbal S o 9 Central, after having lost half « point, | Brunswick Balk. 83% 8% MEInGyIe E (L) EACERS(BL 20 18 > says the coming con-| porto Alegre 8 : 25, 102% | 1Nt Rav Tran 5s L N e D | Bunmicher () son ' 511 | Mack Trucks (5) 1 ars-R (n2%). 53 e 8¢ | vention will be the largest vet held, | L L Int Rap Tr 5 i ) and Western came back briskly. Burns Bro (10). 37 | MackTr 2d pf(7) L | Schulte (§)..... 461; : as there are now 107 Morris banks and | Q"‘e:ml{m i e nt Rap Tran & | that of S9.060,000 Seaboard Air Line The pressure was lifted from the|BurnsBrB(2). 3 2 B Mackay (7) 3 3 nattuck F G(2) 57 4 57% | companics with 20 branches operating | 9" g Tt Rap Tran i 95 Railway ¢ fir on - equipmen ublic utility shares and these were | Bush Terminal.. : Macy HR & Co. 3 % | Shell Un (1.40). 27% 2 28 |in 115 citles. | Rhinelbe Un 7. . s . ! 41z per ceni gold certificates D o tbs st mart. | Hlectric Pomer | BushTeras (1) | Magma Cop (3). 36t Shell Un pf (6). 4 3 10716 Fach year the convention develops ' Riode Jan 8s 1946. ’ ak | waturing in semi-annual ¥ - S # OWEr | Butte Copper&Z Man El Sup (5). 53 | Shubert The (5) 61 6 63 | new ideas which profect the service | Rio de Jan 8s47... 2 1024 Tnt Rep € Am 6s 41. 4 ments of $302.000 from April | around 16 and Huper(2 5 9 Man-Elev gtd. 9 | Stmmons(12.25). 327 3 321, ! into larger flelds, he This vear ; Rio Gr Do Sul 8s. .. 1031y Towa Cet o October 1. 18931, inclusive, o L ieht s & foas: | Butte&Super(2). i aCent rf4s. ... a1 Power and Light was a frac- | BUGSEIPerS Man Elm g (D6) 49% 5015 49 49% | Simms Pet (1) % 17% | installment buying, which is so much | Sao Paulo 85 1936. . 512 105% Kan City FtS 4. s to vieid from 4.6 W to i ’,’.”‘,":'\,"L?,_.‘;,f S ""k,’:i““:\"g““:: By-Products (2) , « | Maracaibo O11. . A inclatr O11 A 18% {in the public mind. will be widely | Sao Paulo 1950.... % 105% 105% | Kansas ity § The bonds are offered Power and Li as checked. Marland Oli (4) : %4 | Skelly O11 (2). i 327 33 |discussed. It will be reported at the | Saxon (PW)7s.... 10 991 9% 99 Srinan Clte Dillon, Read & Co.: Ladenbure there were signs of special buying in | Calif Packg(4).. Marland Oil rts % | Sloss Sheff (6). . 3 125 | convention that the Morris banks have Se 2 9 ot 9 an City ’.,.‘,:" i P Thalmann & Co.. and Freeman & Co. Hudson Motor and Wall Street con- | Callf Petrol(2). . S | Marlin Rock (). 251 | South Port S (6) 113 113 4 113 | loaned $830.000,000 since the first banls | S 91 93% By e — kinued itofbeliovethat: Mesplteiuciial JERICHERE R0} # | Martin-Pary (2). 21 | South Por pf(8). 110 | was opened in Norfolk in 1919, and | Sots ) 6 ol sl SRlSRIc et 1ot 93 ol g SureGumv and Co. nnnglnse something i;r;p‘u;l!.un()l\‘\‘;\);"s.:ulnz on in | Calumetab(l Y ) 4| Mathieson (1), T 711 | Sou Cal B @y + 8% that the public now owns £62.000, 000 | Sweden 6 D 9105 104% Sl RO e gt s DEIRCTIL Ga §o et he affairs s o . BATIy ) e May Dept St (5) 1331 | Sou Dairtes A( 7 47 |in the syStem’s interest-bearing cer- | Sw 946 , 108 108% | Sl o8 ER o G0 ; ater Service Co. first he market continues (o hold its ad- ‘é::.";fi;':i,:",?g 3 16 Maytag Co (2). s 2ou 2u ; Sou Dairtes B... 2 ¢ 20w iflctes of deposit. | Swiss Confed &s. Brdt i L e 108 mortias § ver” cent bomds, scrles antage through the late afternoon. . 3 MetroG pf(1.89) 7 237 | South Pac g % 047% | il i ‘Tohnp;,cpow-, s 51 E N 41282003, A 1 > Augus! 951, priced at 97, ‘Traders on the short side were lnklng.f‘antrllAlloy(Z) Mexican Seabd. . 814 | Southern Ry (7) ™ 118% iggett Retail Sales Increase. Ttd Kingm 5965 37, 11 105% 10 |L&N4ws2002... 9 | vield over 5.60 per cent. The In their contracts as they saw, after | Cent Leather. .8 6 Miami Cop (1).. 1 % 16% | South Ry pf (5). 9 9 95 i Retall sales in the 483 Liggett m»ug’ i SLLLCLBEGEb e i L { hankers announced that the issue had four successlve days of decline, the | Cent Leather pf. Mid-Continent. 014 | Spicer MIE. .. 2y, 221; 224 224 | Stores. controlled by the United Drug MISCELLANEOUS. blltidi i e Cloe & " ibeen oversubseribed and the books market was due for something of u) Cerro De P (4). Mid-Cont pf (7). 9 3% 97% | Std Gas & El £3. 53% | Co. of Boston. were $4.527.432 in Sep. | \jax Rubherss.... 5 103% 103t% 103% | M&StL1strfds. 9 19 9 19%, | closed. rallv. Van Sweringen stocks led nmlfh‘;rwfin("f"‘:}:: 4 2 Middle States 1 |Std G & Fl prd) 86% | tember. an incrense of $968.204 over | Am Aerd ;“é’“"'r‘f’ 20 o TG : ' yden, Stone & ¢ d s recovery of the rails, Chesapenke and [ Chand-Cle pf Mid States Of 5 1%iStd Ol Cal (2).. BS €085 thie: same. monthi a8 { Am Smit & R 15t 58 20 1007 5 gy ¢ Wl den. Stone & Co. and Spencer Ohio and the Eries particularly. Other | Ches & Oh (112) " | Midland pt (112) 112 2 112 | Std Oil NJ (1) 41% | the nine months this year $3 {AmSmit& Rés... 1 1084 108% | M s_r P&s s 12 4 | T > offering a new issue of ralls participated in the advance, but | Chl & Alton Mitler Rub (2).. 33 8214 | Std Oll NJ pt(7 116 ja gain of $7,153,976 over Am Sugarref 6s... 2 104% 104% MK&TIstds. ... 8 trustees of Ritz-Arlinst cers ve. Chi & Alton pf.. 7 s 2 Sterling Pro (5 9 = 2z Ei |AmT&Tcltrés.. 16 9 981y 9 MK&T4sB. § R4%; | trust first me &e 6 per cent were not at all active. Minn & St Louis % 1| Sterling Pro (5). 90 isponding perfod of 1925. Eight new | Chi Great West. Minn & St L ot. - ;| Stewart War (6) % 64% 644 | stores were opened in September in|AmT&Tcltr5s.. 46 e Mlce T aarns GEA YT iRiITE Su B BOUd S edd e Chi Gr West pt.. 24% Mis Kan & Tex 3314 | Stromberg (6). . 8 58 | various eities of the countey. one in|AmT & Tsfbs...125 100% 1004 Mo Pacific een 45.. 23 79% | tember 1, 1926, at par. Mark Gl ChiMI1 & StF.. 10 MK Tt (6) asw; | Studebaker (5).. 55 . 55% | Detroit, making the total 55 in that | Am T & T deb53%s. 33 105% 105 105 | Mo Pac 551965 Markets at a ance gh‘l"bl‘lg gls}; Ept Missour! Pacifie. 9% | Submarine Boat. %2 ity g Am Water Wks5s. 3 9T Mo Pac 649 D. e wn, | Missouri P r. 88y | Superior Oil. . 2% | { Am Writing Pap 6s 10 5 i | Vo Pac 6s 55 = CMIUGSIP pf ofs 1 1 ML anPo 5 7814 | Superfor St1(2) . 271 Reserve Bank Discounts Drop. | Anbconda lst 6s... 32 103ta 103 103% | Mont Trm re NEW YORK —Stocks firm: | Chi & Nwn (4) - 3 v i Sweets of Amer. 15% 15% 1B, Vv redi N o Anaconda ev db 7s. 14 106 Cassau B 5 / ‘ (ase Threshing Machine rises 6 points. | Chi & Nw pf(7). 2 2 2 i;{g:;‘;’:(‘?f.z"," Tf Symington A (2) 16! m,‘;l,fj\':fn;’{:;;‘,"nU""t“ 1‘,‘.‘,1:‘]‘9‘.25‘1:. 211 ‘Andes Cop 75 rots. 27 106 105 106 ::\’\ o !,’-:,‘3;"&7 :"" AL vield Jalvediey Honds {rregular; local tractions ad-)ChiRE&FAe... : | Mothr Lode(75¢) : 5% | renn Copper 1) 1% 114 117 at Richmond, dropped sharply during | Armour&Co diesre 3 % 90% | \'O Tex & M5 . 17 P ool e M R e LR vance, Foreign exchanges mixed zpun > .| Mo Picture(1%) 16 | Texas Co (3).. s 31e ! i the weelk ended October 6. In the Armour Del5 g 9 KOT&M . 3 S g & Ko i “fl“}an (,“r;'t o Loy el g:“:l‘:"tg‘p s - < 91| Motor Met(3.60) 3 3 37| Texas Gulf (n). < w | flifth district the decline amounted to | Assoctated olnea:. s NY Cen pen 2%s weak. Cotton weak; bearish Go C! 2%) . Motor Whl (2).. 227y 22T 221 224! 5 $3,180.000 to w total of $43.164,000. Atlantic Refinss.. N ¥ Cent del A e i3 317 Tex & Paclfic. 5 ent deb 4 1uent crop report. Sugar featureles '182'{’.,'1’:32;:']? | Mulltns Body E W 1z% 124 | Tex & Pac C & O Bills bought in the open market in | Barnsdall 6s otfs. . 064 97 |NYCrfim 41513 SR Coffee easy; trade selling. S mv” - Murray Body ctf 8'3 | Thompson (3.60) 4 A 4 ; this district at the same time were Bej] Tell Pa 5s 2 E x 102 -2 £ A WHEAT VAl.UES DROP | Chrysler pfA( 591, | Tlde Water(1%:) 284 i 28Y% 1.110,000 higher than the week be-! pell Tell Pa 5sC. UTICAGO—Wheat lower: unfavor { Cluet Pea pf () 113) O | Nash ot (13).. 58% o AR e Bell Toll Pa G 020 102 i C able expert outlook. Corn weak: re- | Coca.Cola (7). H h Vat Biscult 3 921, 93% 3 9 s o 89 T : | Beth Steel pm 5 fit | 9 L $ ; 7 o irements, (2 D 5 = | Timken (15). ... 5 2% 6 The consolidated statement of the | path Steel rf 5s. . L db ge. ¢ « Guced feeding requirements. Cattle { collins & Afkmn Nat Cash Rog(3) 35 3 39% | Tobac Prod (7). 1093 3 2012 banks combined showed a droh . feth Steal 51 P 7 AFTER PENIN ISE )l and easier. Hogs lower. - 1 & Iron. : Dairy (3). 2 ; ba ¢ X é‘;‘lf;’;ug‘,:" 5 5 Jivdt Dotitores.. i1, | Tob Prod A (.. 3 | of 93,041,000 in bills discounted 114 | path Steel 6 5 3 & 8 e : . S1is | Transcont OIl. 3 a decline of $2,361,000 in paper bousht | picyn Fd gen 35 . NY < o Col Gas & El (5) at Distillers 10 ! Bkiyn Fd gen “| Yesterday's B Today" Public Utilities Col G&EI cfs (5) > 2614 26 Underwood (4 . 53 53 o ""’h"""” [mankes Bush T Bldg 5% 60. 18 997, New Hav deb 4s57. 2 & i7, | Yesterday's Buyers Today's' Sellers S b Cat B 7 ¢ g & s B cadl e S onnection T Y x v - % Col Carbon (4).. 6 4t Enam pf () vy ’l:é‘ | Un Bag& Paper. Gl 5 4B i o ,ffl';":"g e, baty CALCEEtEIEC, NI nE Wt e 4 on Advances and Prices Show NEW YORK. October 8 (Special) o Crediaven s 4 o| Nat Lead x(wt)(-i)-. 6 1161 tn (C)Tlr?ga.(.u.). . 53 20 9i%ian increase of $2.113.000 in note cir | Chile Copper 6532, 23 A < o Some Decline. Nebraska Power's August report, re- | Com Iy (3.60). 58 | Nat Pw&Lt(80c) 19% 20 | Un Pacific (10).. culation ,‘\‘)‘h""“'g'"; renlember hank | col Gas & El 5s.... 955 8 T State Ry 4 : ; corded today, makes another good | Com SolvB (8). 1 9 193 | NatSupply (4).. 4 T0% | Un Pacific pt(4). 9% 799 e Doar s e | Commong e los ; % | N Y wiapon bice. i e showing, with gains in both gross and | Congoleum-N 1 Riahcon () 14% Un Tank Car (5). 'Tiie . I, rederve | Fidl stbonl] o Comkie ‘m: . e e : : the Associated Press net income over the same month A | conoress Cgr (35 A (v:"nl::‘sucf B !éd.!ud &K.:rr:‘(ml) 5 54 115:,. at 64, against 17 pek et tiie v(:g.;‘mn Lol : : bbbt ZonE 4 7 o w"i‘ 1]' With quota vear ago. Gross for the month Was i Con Cigars (7). . T 16 D L o | B o) ot 1oa 128, (24% week before. Thé ratio for the sys-|CubaCaneovia... = : - i i 41 ) anl sivowing comy ”‘f’“ \\-.:r) ',R!n.‘.xnnm_ Consol Cigar rts. v % | NYC&StL pf (s) 2 26 1024 | UtdDrg 15t(3%) 5 5 & it tem as a whole was T8.7 per cent Cabar AT SUESS. . 5 e Pac EYE p p a3 | i e . and ~}h§"'<‘m;\. or | Consol Distribut 2 2 2 c G 36 35'% 85% | United Fruit (4) ¥ 12 | Other Financial Notes. Det Edison 55 40. .. i Norther o 6 i o in the churges and - taxes ;,:n.\‘_’: 0.295. | Consol Gas (5).. 104 2% 40% | U S C I PAF(10) 200 | The Public Utilities Commission | Dodge wi6s. s g | Oreshort Lrfe4s. 5 9 @98 | Veeterday's hext buyers e s e e 524 . 2 : 24 | US Distributing 51% | was to hold 2 hearing at 2 o'clock | DuqL&F Ore Wash 15t 4s. s s o s s e e G S Sl e o : Y Rys part it o 4t : 9% U S Hofftmn 131 56 56 | this afternoon on a petition of the | Donner Steel7s.. . 98 i, |Pennsylgen t%s.. 16 9T 9Th ! puing failed to hold well. S e, Sriod | O P EE . a8 laak B e i () ; % 162% | U S Ind Alcohol. 71% 72% | Washington Gas Light Co. o issus | Duquesne Light 6s | Pennsyl zen 5. % % up. wheat ascended - lttle et by sl Bon : 5 - 49% 1 7S Tnd Al pf(7) % 104% | further soouritle g ikt Vennev 5 6 i S thor e Calr 1 Pl Gt d Tyt cear ago. Nebraska Power is con- | Ci ) B 0 . 4 Ll T seourities. st Cuba Sug 7ls. | . 5 |more then suzged to below vesterday's ey ‘:.‘Lzm.‘\.‘::;:‘»!;:m» ower in :{"‘ fz:: ‘“:': ‘\;gq) & n . 50 05 50% | 17 S Realty (4).. 61 61| The latest Treasity statemen | e G & Tiis. " :‘::::z: fi,‘fi,} o iR Corie. oain ana .u;.‘,\x\-,,..l.k. e through ownership of common stock 6 e p as | sess . #; shows purchase October 5 of £2.( Fisk Rubber 8s 6 i o 86 easy, corn opening unchanged to % R et e Lo, 1e ohied o e | oty Tasitd) - i " e g 441000 of Third Liverty loans. makin | Goodrich 63, - SITE o v, and subsequently undergolng 7 per cent preferred and the bonds. | Crex Carpet. P2 Nonally (11505, : 5% | total’ purchased by~ Government in | Goodvear 8 1] i 5 Cris i il declin R S The preferred, which is 7 per cent Tity | - s D 8§ Bteel it (1. 12 46 he first flve days of October 0.- | Goodyear 8s 1841 ¢ : 102 )--n-z“n hrr\-r vluhl“:;;_ in cumulative, was quoted today at 10 | 0il Well Sup (2) F 1 o s 271000, Purchases were made G Hershey S oGS s acted at times as a bullish bid, 1081 asked ¢ littl 2 . 9 | Omnibus....... i IMIVELSULIDG. < 8 |ing fund and bonds were retired Hoe & Co v g g {PorRL 7 | tor on wheat values today. tending . 1081, asked ery little stock 3 i o Utl P&L A ¢ ; 2911 . Rendine wen 414« ‘ emphasize the effect of unexpecte as reported for sale at the offered : Onyx Hos pf(7 The Monthly Bulletin, official pub- ! Humble O ; e ¥ pect e price. i T Cuta s W | Otis Elevator (6} vanadium (3)... i 373 | lication of the District Bankers’ A i/limots Bell 15t 5. Reading T € 4s 31 g q g ength of the Liverpool markei. On n B Otis Steel...... S @ ! vick Chemicat : 5 4 ts | soclation, is now in the hands .,f Tllinols Steel 4128 9 97 9T Rio G W 1st 4= ¢ 9 E the © hand, Argentine crop«ie According to A. V. Wainwright. | Cudahay PKg(8) gull"““v'l 9% 4 9 \‘n-(}flrtélcl;ezv.r g . |m.- membership. Int Mer )lgr\npfi g K 8 4 r’u;u\}(\:[n ("I‘ 2 8 .\..m \\‘lare Inv'vn;nm’;l_\' h\luyn-"(m,u ;;. vice president of the Commonwealth ! Cushman's (8). wens Bot (t4). " Va-CarCh 6% pf & 3 H . " | Int Paper 3s. 2 98 9 RT Ark & L « s 9 4% | Australian prospects” were described Light and Fower (v, which it is | Cuyamel Fr (4) 2+ 48 | Pac O1l Stubs ) Va-Car CRpf(7) 88 88 Trading Caution Is Urged. JIRtT&T coes Ts 108%2 1084} Gt T, TURS 4< 29 . ORI 967§ ¢ nt proposed to consolidate with the In- | pacison Chem.. 30 3 : 29%, ' Pacific Gas (8) . . 283 | Vivadou (3).... . 30% Discussing “Politics and the | Kan CP&L ok ; i TUASREG (s, 8 ¢ 2 92 of e export husiness terstate Electric Corporation. the new [):|L:Hud.\!-): 9t i Packard (12.90). 34 Wabash...... 40 Market” in its current issue. Me-, Kan l;&‘vr‘llrfi e <l pufss tll company to be known as the Inkind | pel L & Wn (7)) | Paige Mot(1.30). 1 1 Wabash pf AGY. 73y, 3 ?F}fl_-" va: Tacl G f}_ 3! . - 2 Y e <F ety E Power and Ligh® Corporution, the re-j p R G Wstpf... 4 ' Pan.Am (6). ... waldorf (1%) 20% . h::m tun!lderhl:una are fre- ;‘:‘:L:‘::I:\IVH 2 |‘ Pads 6s.. 3 Thoas a7 ARG wheat GRSy cent offeMng of $£2.000.000 Commo t 3 3 %) Pan-Am B (8).. 6 2% 63Y% 265 26 g% | auently a very important factor in|ls : ) 2 24 9T ost of the whea 5 were on ent offcMng of £2.080.0 mmon ] : 3 an-Am B ( . Ward Baking B. L 26 26%] " | Lortllard (T 99 99 [ Finses: 0 basis of advanced quotatic o 1 had been built up. These constituted : ; oy | S : At] Birm & At. . Kennecott (4) i 5 6 President Moran will not have re-i.q paving heen oversubscribed. The ! Holland Light & WV YORK. October 8 (Special he 1L new offering todas’ is ; new issue of $1463,6000 Cits of | tannie independent school | district : honds. due serially $133,000 February 1. 1931t \ | | frtends ot m.lm prices for wheat. | was explained in this connection thi wes Lght and Power one-year se Pan.AmWnB(2). 32ic 3 31| r Bros % 57% 58 |shaping the trend of business. finance | 5 § s, . 90 e ::fih\‘ 'x\‘-:\' e { Panhandle. ... : Al 52 50% 51 fund speculation. To suggest, how- | Lorillard (F) T¢ fl—IJ:l‘s\-f . which foreigners were slow to 3 financing to prov - the physicai ! podge pf (1) - 27y | K& : 2 1':1 weber (4). 5 56% 564 ]"\Pl that it is sound policy for the | Loulsv = 04% q” S W con 4s 32 interconnection of the mbpertie he | Dome Mines 2. n 4 ' = U - | west P Po BECTY 113% 1181, | investor to run by all the financial | Mid-Con 61¢=40... 3 1 ’“ % KGHRE »mpanies to be merged serve a com- | Dupont (14) .. 321 . 3 . 20% | \yest Maryland. 3 11% 12 ;danger signals merely because of the | Midvale Steel 5s. .. 0 wo: st P',"n De: 5s. hined populatio hout 726,000 in | puquesne pt (7) 5 Pennsy RR (3). E : | WestMazdpf.. 21 - 2 20t 20 | argument that some interests are | Montana Pow5s... ¢ O it Michizan, | Mi: ? Kamsis. Ar-{ pagtman (13). ... Penn-Seab Steel. 2 West Union (8) . 144% 144% | likely to support the stock market | Nat Tube Lst 3~ & 3 10 :Z;Q:h‘;“ AT kensas and Texu is financy ton Axle (2) ! Peoples Gas (8). 4 \Westhse A B (7) 305 1275, 130'% | at extremely high levels ‘until after | New Eng Tel §s. So will enable the consolidation work to nlohr & Bro Proples Gas rts. 3 Westinghse (4). 681, | election’ is absolutely unsound.” ¥ Edison ix 44 N An e proceed pending final approval of the | | 6T 63 Xy e 30 S weston Elec. ... 1 1 B ¥ Edison 8% - » 1%“ Yac 4n 2 August gross ¢ i | Blec Power &1 i Philip Morris. . . White Mot (4) ! (Quoted by Alex. Brown & Sone. Closing.) | N'Y Tel 6s 41 Fou!h'r" Ry “'" in "" Avprox. | N Y Tel 6s 49 Worth Power and Li 2 i 1 " Phillips Pet (3). » s RS 2 Tl s LUMBER TRADE NORMAL. L 4 | 43 1 2 it compared with $2 vear ag Skt 2 ¢ pierce-Arrow... 3 2 te SM pf(4) | North Am Ed 63 31 2 8. - (EW YORK. October § UP).—Ti xhow & gain of o but the bal. | Blee Befts (60 . . Plerce-Ar pf (8). W evtiactes.. North Am Ed 6%s. 4 : 6ze B e e L . e after charges xes Inerecsed | B¢ 0 Sl s RICECOON .- .- Willys-Overland NorOhloT&Lés. & Sl ek sonRy MR ’In a seasonably normal condition 021 in August. . to $100.607 in | “PS pi(7) 9 Plerce Peroim.. 2 2 2 2% | wvilson A (new). Nor States Pow s Term Asso § r‘ 5 5 d"":‘" the week ended October 2, with SR ) Ruditatis p? @ ag | Bltsconl bt { Wilson ptnew . . NO¥ HRIEER il (i bl 5 production and new business slightly the largest in four vears. | vt g~ i g 365 3 {;"‘;’&“.}*“‘ ¢ Woolwth FW (15 PacGas & E155... & }3" ”ro:flrr L&P51%e30 & 99 9 below the previous week. accom Acquisition by the Associated mfi Erle 15t pf. .-+ o Postum (). ... Worthn Pump. .. 2 3 | Pac T& T 5852. . 5 0% | {rnion Pac 18t 4s. .. g 3% | panied by a pronounced increase i and Electric severul ad- | Erfe2d pf.. Eresssaistices wWright Aero (1) 32" Pan-Amer Pete 6s. 104% | Lnton Pac fae of 5 13 » ! otay. Luniis itional light wer properties in | Eureka vac (4. 21e 52 ;:w_&‘ a’e,"’n"'. : | wrig wm e & PhilaCorf6sA. .. 1on | tnion Pac 45 27... 28 9 : < Association reports western Penn anta is announced. | 5 3| yale&Town(15) . 3 3 : Phila & Rd C & Pac cv 63 There was little change from the cor 3 nounced. | pairpanks (3). . 43% | Pub Ser N J (5). 3 Tr (75¢) 83% ¥ - | prerce-Arrow 8s. 108% | Union g period a ver 7 T et ' Fairbuk M pf(8) 109 | Pub S NJ pf (8). 121% 121% BOLOW (1), 854 ” —e— Vil et % 103y | Virginia Ry 1st 5 4 101% | responding period 4 veur ago. Un Eivotrle Light. Heat and Power Co. | hamous P1(J8). 116 = i Youngstown (4 WOOL MARKET STRONG. Public Service 5. 100 | wabash 1st 55. filled orders of 226 Southern pine and wid fts affliated companies. Cltizens’ | eqlight(*140) 31% | Punta Aleg Sug 39 391 Hourly Sales on g > i o1h.. 110 - | Wabash 2d 5s. il N aee C1NAGH 418 thee n'ml.,x..h,.flu 2o RUTER | eq Min & Swelt K 921, | Pure Ol (1). k: 261 26 jlam. 438800 12 n.. 898,800 BOSTON, October 8 (Special).—The ;‘.‘;fi.‘m‘,‘m g 90 | Wabash 5:;.]51:‘ 4 10 S ‘v\_’:;“:::‘xts"‘w.. ri t. Heat and Power Co.. | peg Min pf ¢ T Learsitn. i 1o 1118900 2p.m1398400 | wool market here was strong and West Marylat G i L b o vevral e the Summit Township Electrie ve) 23 3 27 fairly active today. Mills are heavily | Sharon St H 8s... 108 | western Pacific b TS wer ht Heat and Power Co ,;;f,}’:;fg::x ) E .m'imdmc pf (3%) 49 49 M" o a4 Fiven in the above table | ongaged. espectally those making | Sinclair O1l 6s. ... ¢ 100% | st Shore 15t 48 o tre] against 401739916 or 109 mills . Fisk Rubber. ... 'y 15t ,,gxd?::v&r)«zsc) 5 géh ;g ! t oroh yoarly declarations. | worsteds, and dealers have sold g:nc}n:r 8:}_0[»5: 2 » s g_l,: i 4 week earlier. g i ot (7 7 7 g e aein | enough raw wool so that they nclair = . 4 EHE BUTTER UNCHANGED. l:;:fi:}:;x‘nfi 55 g |[TeMALER.. 16 oex %"“ . iPayable | agains buying In. the West, being ea | SinCrudeOil 6. . 100%| CALL MONEY FIRMER. CHICAGO. October - *— | Foundation (8). g6y | BELIBIMTL (. (AW 0% % %fl, ,;,_-,g%,,';wgc ‘Ba7e: | peclally active around Portland. The | Sin Pipe Lne ox 5 ¢ o3| NEW YORK, October 8 UP).—Call BANK CLEARINGS. 1nchanged: receipts, 7.705 tubs. Fox Film A (4). T3 | R on Tyie 108% 108% 1084 Wu reiiariate, bfls 0% in | territory wools are in demand, but O leat7a: 98, | money firmer: high, 5: low, $32: ruling EW YORK. October 8 (Special). Higher: receipts, 4. . eeport-Texas = " | Remingtn 151(7) 1165 115 ¢ | | opmen slock oavee D3 7‘,.{9,“:;‘;3 high asking prices are retarding sales | xof Bl Moell 0 5 5 105 | rate, 412; closing bid, Time loans | New York bank clearinge, $973.000.- SaEdG ondinary fsts, S vefris | apriel snu (vs) 31t 33 3% | Replogle Steel. it R wbiein < 8o iy Remaining stocks /| poledo Edn 15t 7 105 feni; mixedcarinzeril g 00" g3 Si0, Newp¥aEk auk hamncens 160 . rator extras, 3i1; refrigerat | G diiaeaibior. Rep Ir & Stl (4). o6 ’nnckl % =rins 250 9 A . mm&tlnl "IPX}_k\\_‘w;ls nlr;flpncflull\ U'S Rub 1st rf b8, molw: prime mercantile | 000, New York Federal Reservs Sock. Plus o sbeclal Leld off the market for reason. p‘per 4lzad%, Bank credits, $88,000,000. 348, jus L%