Evening Star Newspaper, November 9, 1926, Page 14

L P BUYING BROADENS ' [New York sTock excraNGe IN STOCK MARKET Larger Number of Individual Stocks Comes in for At- | tention Today. 1 RY STUART P. WEST. ®pacial Dispatch to The Star. NEW YORK. November. 9. The! buring movement on the Stock Ex-| change which has been going on quietly but verr steadily for the last twn weeks gave evidence of broaden- | ing today. A larger number of indi- vidual stocks came _in for atiention. This may have denoted a greater de-| gree of outside support, but the in- spiration for ‘most of the operations came from professional sources 12, from banking syndicates and indi- vidual traders who make a business of | spaculation During the greater part of the time United States Steel common occupied the piace of leadership, but it did not artract a disproportionate amount of attention The copper shares wera in good de- mand again. this time not so muc tha active Jeaders, but siocks like Granby Consolldated and (Gireenc | Cananea. which are accustomed to onlv occasional spurts of activity. These new faworites were apparentiv being brought into line with the older | leaders, like Anaconda and Kennecott and for the same reason—that is, rec ognition that copper producers in the lest few vears have peen successiul in outting oosts and that this may rhow in Javorabie dividend acilon In several instances. 0il shares again showed their abllity te stand up under adverse trade news. Ona of the oil journals was suthority for the statement that the crude ofl output for the first week in November rose above the previous high repord, which was in the last week of May, 1925. The steadiness 1n the oils and related stocks and the advance In one or two of them like General Asphalt and National Sup FINANCIAT, Received by Private Wire Direct ‘to The Star Office Abitib! Pow ( | Abrahm&Straus Adv Rumley. + Ad Rumley »(3 Ahumada (1 Alr Reductn( Ajnz Rubber. Ailied Chem AllledCm pf ( Allfs Chalm ( Amal Lthr pt Amerada (3). Open. 913 56 14% 48 ).. 6% 16 lflg‘fi 4. L1341 121 88 107 7 ). (k3 Am Agricul Chm Am Bank N1 Am Bosch. .. { Am Beet Sugar. Am Brake Sh6) Am Br Bov EI(2: Am Br Bo pf (1) Am Can (2).. Am Car&Fdy Am Chain A ( Am Drug. Am Exprass ( { Am Can pr'7)." ) 2). ). " that | Am & For Pow. . Am Ho P (2.40). Am Ice (110). Am Internatl. Ani La Fr (1) Am Linseed. . Am Locomot (8) Am Metals (4 Am Piano pf ¢ b Am Po&Lt (g1). Am Ry Exp (6). Am Republic. .. Am Ehin & Co Am Smelting Am Stl Fdys ( Am Sugar (5) Am Sugar pf (T) Am Sumatra Am Tel &Ca ( m. 8) 3) 5. Am Tel & Tel(9) Am Tobaceo ( Am Tobac B ( Am Tobac pf Am Type pf ( Am Wa Wo o1 8). 2) 6) 7) ] Am W W ist (1) Am Woolen..... Am Wool pf « Am Zine. . Am Zinc pf ). Anaconda (3). ArmourDe! nf(7 Armour of T11(A! Armour of 1:1(R] Armour 11" pf (7) Pl could have been explained on the j Asso Div G(23%) ground either that Wall Street trade circles did not believe t record drilling would cause m of & further break in prices. or that they thought that the market for the oil shares waa prepared for anything Iikely to happen. The most discussed matier of the day was the admission after the close of husiness yesterday that the October fgures on Stock Exchange loans con tained a very coneiderabie error. A &ood deal of emphasis had heen lald upon & comparatively low total— $27.000,000—reported as the increase for last month. Disappointment was commonly expressed that the sup posed heavy liquidation at the close of September and during the early part of Ocotber had not shown more inithe market's credit structure. But when it was given out that according to the revised fizures the decrease really amounted to $107,000,000. Wall Ktreet reversed Its judgment and con cluded that this, after all, wasa good sized shrinkage. Quite probably and the | this picture of the apeculative position in better shape than had previously appeared. had some influence upon the reduction in the call money rate. The renewal rate of standing loans which had stood at 45 per cent for almost a month, was Jowered to 41,. Although it was not true 1that money changes have been a real factor in the stock market flu fuations. they could figure as a tem- porary sentimental influence. It was in this way that the reduction in the money rate might have been counted today, i Public Utilities Boeeial Dispatch to Thbe Star. i NEW YORK, November 9.—A spe- ctal meeting of stockholders Western Power (orporation, a sub- sidlary of the North American Com- has been called for November 23 The object Is to approve a col lateral trust indenture under which may be pledged stocks and other eacuritfes to secure an issue of coi-} lateral trust bonds to be outstand- ng in total amount not gréater than $30.000,000 at any one time. It is proposed also to authorize an fnitial issue under this indenture of $10,000.000 serfes A" 513 per cent bonds to be convertible into common stock of tha North American Com pany for the first §2,000.000 of bonds con verted, $81.25 per share for the next $2.000,000 of bonds conv 4840 DG 24 ( Atchison (7) Atchison ot (5). At Birm & At At! C Lina(19. 1) Atl Gult & WI.. Atlantic Refing . Atlan Ref pf (1) Austin Nic pf (k3] Auto Knitter. .. Baldwin L (7). Bald Loco pt ) Balto & Ohto (8) Ralto & Oh pf: 4) Barnet Leather. Rarnsdall A (2). Barnsdall B (2). Bavuk Cigar. . Beech-Nut (3). Belding Bros(3) Rethlehem Steel Beth 8t) pf (7 Bloomingdal Rooth Flsher! Boouh Fish 1si ). t Briggs Mfg (3). British Emp 2d BkinEdison (8). BIkn-Mn Tt (4). Bkin Un G(t1 Brown Shoe ( ). 2). | Brunswick Balk Brunswick Ter.. Burns Br B (2). Burns Bro pf(7) Burroughs (14). Butte Copper&Z Butte&Super(2) Butterick (2) Byer & Co pf( 7) By-Products (2) Calif Packg (4 ) Calif Petrol2).. Calumet & Ar Calumet&H (1 Can Dry (c2% (8) %! ). Case Threshing. Cent Leather. Cent Leather pf. Cen Ry NJ(t1 Certain-T 1st 2) of | Cerro De P (4) 1) Ches & Oh (113) Chi & Alton. Chi & Alton pf. Chi & East 1l pi Chi Great West. Chi Gr West pf. Chi MII&StP. Chs MII&StP pf. C M&StP pf cfs Chi & Nwn (4) Chi & Nw pf (7). Chi Pneu T (5 ). upon the basis of $75 per share | Chi RI&Pac. .. CRI&Ppt(6). Chile Cov (3% ). 1ed, $47.50 | Chrysler Corp(3 er share for the next $2,000,000 of | Chrysler pfA(8) nds converted, $93.75 per share for | Cluett Peab (5). the next $2.000,000 of bonds converted, and $100 per share for the remainder of bonds converted. Central and Southwest Utilities (o. and subsidiaries report gross oper ing revenues amounting to $8.482.375 for the quarter ended. September 30, with net, after taxes, of $2.724.036. Gross operating revenues for the 12 months ended September 30. amount od to $21.583.645, and net, after taxes, $2.727.974. T'tah Power and Light. controlled By Elsctric Power and Light, reports a gain for September in gross earn- tngs from $842,111 in 1925 to $889,400 in 1026, Balance after taxes and charges increased from $281,193 in 1935 to $336.230 in 1 For the 12 months tn date there was a surplus after preferred dividends of $2,182, 301, compared with $1,521,265 in the aame period a vear ago. Utah Power and Light per cent preferred is quoted in the New York outside mar- ket 103 bid. 10413 asked COTY EXTRA DIVIDEND. NEW YORK. November 8 (®.— Coty, Inc.. has declared an extra divi- dend of $1 a share. ! = & | HOLLAND FURNACE PROFIT. NEW YORK, November 8 (®. t profit of Holland Furnace (o. for the first nine months this vear rose 1o $1.015.763. from $936.693 in the same period of 1925 SILVER QUOTATIONS. NEW YORK. November § RBar silver, 53% Mexican [ ~ ®).— dollars WOOL MORE ACTIVE. i BOSTON, November 9 (Special).— Wool prices todav were beingafully maintained at recent levels, and a somewhat increased volume of wool was moving. Fine fleece wools of Ohte grade find a readv market at 48, grease hasis, and desirable ter- ritory wools are firmly held. Pulled and scoured wools are ow, and it is understond price concessions have been made by dealers DIVIDENDS. e . 1 0’50 Jan 18 A o Mitie "G s050 Jm i m8 "Ton o Cluet Pea pf ( Collins&Aik p Coca-Cola (7) Collins & Atk( 7 £7 Col Fuel & Iron. Colo Southern. . Col Gas & El (. 5) Col G&El cfs (5) Col Carbon (4).. Com Cred (3) Com Cr 1st(6%) Com Bolv B (3). Congoleum-! Consol Distribut Consol Gas (5).. Consol Texttl: ConRRCuba pf Cont Bakg A ( Cont Cont Bak pf ( Cont Can (16) Cont Mot (80c. 8 8) king B ). . Corn Prod(13%) Coty Inc (4). Cructble Stl (5 Cuba Cane Sugat Cuba Cane Su Cuba Co (4).. Cuban-Am 8 ( ot 39, Cuban-Dom Sug Cudahy Pkg ( Cu Davison Cne: Del L & Wn DR G Wst pf Del & Hud () Detroit Ed (8) Detroit Ed rt 8). ramel Frr (4). Devoe&Ra(2.40) Dodge Bros CI Doage pf (7). A Dome Mines (2). Douglas Pec ( 2) Dupont de N... Dupont deb (6) Duguesne pf ( Eastman (13) Eisenlohr pf ¢ 5 21 AutoLt(161) Electric Boat Elec Power & Lt Elec Refrig (c2) Elec Sto Bat(*6) Elk Horn. ... Fmmerson B End-John (5) pf. Engineers Pub S R Er Erle 18t pf . Erie Stm S(2 Erie Stm S pf %) td) ISureka Vac (4). Famous P1 (J8) FedLigh! Fed L&T pf2( *1.40) 61 Fed Mot T(f80¢) First Nat S(1 Fisk Rubber Fisk 1st pf ¢ Fletschmn (12 Foundation (8). Fox Film A (4). Freeport-Te Gabriel Snu (16) Gen Am Tnk (3) Gen Asphait %) e %) 484 86% 71 31 27% ws - TI\‘!V\ 8 ' Gen Asph pf (5). Gen Elec sp | Gen Gas A(e1%) Gen Gas (B).... Gen Gaspf B (7) Gen Motors (7). Gen Mot pf(1).. Gen Outdr Ad(2) Outdr A (4) Gen Ry Sig (15). Gimbel Bros. Glidden (2) Gold Dust...... Goodrich Ru (4) Goodrich pf (7). Gothm S H (2%) Gotham new 234 Gotham pf (7). Gould Cou (2).. Granby Consol. . Grt North pf (5) Gt Nor Ore (1%) Grt Wstn Su (8) Green Canan. ... Gulf States (5). Hanna 1st pf. .. Hartman B ké 40 Hayes Wh(13%) Helm Geo (16% ) Househd (13%). Houston O1l. ... Howe Sound (4). HudsonMan(2% Hudson Mo(3% ) Hup Mot (1.40). Nlfnots Cen. 1i Cen' pf ( indep OI1 (1)... Indian Reflning. Inspiration (2). Interbor Rap Tr. Intcontl Rub(1) Internat Agr!... In Ag C pr pf(1) Int Bus Ma (3). Int Cement (4) . Int Com Eng (2) Int Harvstr(6).. IniMtch pf(3.20) Int Match rta. .. Int Mer Marine. Int Mer Mar pt. Int Nickel (3).. Int Paper (2)... Int Paper pf (7). Int Tel & Tl (§) Intertype (ti1) Jewel Tea. ... Jones Bros Tea. Kan City South. Kayser J (3)... Keily-Spring. .. Kelsey Whi (6). ICennecott (4). . Keystons T & R. Kinney G R (4). Kraft Cheese. . .. Kresge 8S(1.20) | Kresge Dept S. . Lago O!l & Tr Lambert (33).. Lee Tire& Rub. . Lehigh Val(3%) Life Sav (1.0) Liggett & M (14 Lig& M B (14). Lima Loco (4).. Liq Carb (3.60). Loew’s Inc (13). Loose Wiles. .. Lortllard (§3) Loutsiana Of (186%) Ludlum Steel (2! MclIntyre P (1). Mack Trucks (§) MaokTr 24 pf(7) Macy HR & Co. Magma Cop (3). Mallison & Co. .. Manati Sugar pf Man Bl Sup (5). Man El m g (D5) Man Shirt (1%). Maracaibo Ofl. . Market St prior. Marland Ol (4). Marland Ofl rts. Marlin Rock (2). May Dept St (8). Maytag Co (2).. MetroG pf(1.89) Mexican Seabd Miami Cop (1).. Mid-Continent. . M14-Cont pt (7). Middle States. .. Minn & St Louls Mis Kan & Tex. . MoK & T pf (8). Missouri Pacifie Missourt Pac pf. Montana Pow(§) Montgmry W(4) Moon Mot (1%4). Mothr Lode(76c) M0 Plctu: Motor Met( Motor Whi (3).. Munsingwr (3). Murray Body... Nash Mot (13).. Nat Biscult 16 % Nat Cash R(A)3 Nat Cloak & Sult t Cloak pf (1) Nat Dairy (3)... Nat Dpt Stores.. Nat Distillers. .. Nat Distillers pt Nat Enamel & S. Nat Pw&Lt(80c) Nat!3upply (4).. Nat Tea (4). vada Cop (1) NY Alr Brake(3) N Y Canners(c3) NY Canner pf(7) NY Central (7). NY Chi&StL(11) NY NH & Hart. . NY & Harl (5) NY On & West NY Rys part cfs NY Steam pf(7) Norfolk South. .. Norf & W (110). NAm(10% stk). North Pac (5)... Norwalk Tire. .. 011 Well Sup (2) Omnibus. . Onyx Hos (3.20° { Orpheum Cir(2) Otla Elevator (8] Otts Steel. .. | Otis Stl prior (1) Owens Bot (14). Pactfic Gas Pac Ol Stul Packard (13.90). | Paige Mot(1.30). Pan-Am B (8 | Pan.AmWnB(3). Panhandl Park Utah (§0c Pathe Ex (c3). Penick & Ford i Penna RR (3%) Penn-Seab Steel. Peoples Gas (8). Peoples Gz ~ta. Pere Marq (18). | Pera M prior(5). Pere Marq pf (5) |PRtla& RC&I. Phila&R C&1 cts Philip Morrls. .. Phillips-Ton (4) | Pbillips Pet (3). Phoenlx Hosiery Plerce-Arrow. .. Plerce-Ar pt (8). | Plerce 0'1. Plerce Pero) Pitts Term C Pitts & W Va() Postum (5) | Pressed Sti Car. | PrStl Car pf (7) : Prod-& Refiners. Producers&R p Public Serv N J Pub SE&G pf(8) Puliman Co (8). Punta Aleg Sug. Pure Ofl (t23). Purity Bak (A). Purity Bak (B). Radlo Corpof A. Radio C pf (3%) Ray Copper(26c) Reading (4)..... Reading rts. Real Slk Hos. Open. 119°% 53% B4% 1% 39 374 93 149 1194 341 54% 821 47 19 47% 49 97 63 61% 111 95 324 99 21% 100t 26 584 58 C26% 26 83 4 547 4 39 43 20 123 12215 27% () 274 494 15 9y 60 54 53 42% 129 59% 4 7% 367 6% 59 96'4 119% 194 4014 11 “ Tow. Close. 119% 53% 83% 1% 39 3T 93 148% 119% 344 5414 824 45 19 4% 49% 97 624 61 111 915 32t 9% 21'% 37 93 151% 119% 34% h4%s 834 4T 19 4 50 123 120% B3% 14978 119% 3410 548 83% 454 19 82 16% 3614 2074 1204 8% 6414 82% AT EXCHANGE iWashington Gas Light Co. | Bonds Oversubscribed and Books Closed. §Prices Hold Up Well in Trade | on Board Here—Chain Stores Doing Well. BY EDWARD (. STONE. Discussion of Federal co-operation to prevent fraud. by Charles Dewey. Assistant Secretary of Tream form laws regulating the transfer of stock. were special features late yes- terday of the convention in St. Louls of the Associated Stock Exchanges, ac- cording 1o a special dispatch to The | Star. The plan to unify transfer laws was indorsed by members from every large city In the country which it rep- resented. Metvin T, Traylo American Panke! the delegates that husiness i zood and prospects are good. - He admitted that agriculture 18 a “lame duck™ a | present, but sees hetter times even ir this quarter. The Anancier discussed the recent manifesto issued by a num {ber of bankers. Including himself. { which suggested tariff reductions. ex iplaining that the statement app wholly to Europe and not at all 10 1 United States Removal of tariff walls set up by the various natlons of Europe since the the . president of the Association. told perity to them. ‘The speaker declared uch eariff barriers exi asserting that the result of nationalism gone Gas Bonds Far Oversubscribed. 1t was reported today at the office of the Washington Gas Light Co, that 108 114 9% 57/ 108 14 95 57l Remington Type Remingtn 2d (8) Replogle Steel. . Rep Ir & St1 (). Rep 1 & S pf (7). Reynolds 8pn; Rey Tol B( Robt Rels & Co. . Royal D (a3.078) Safety Cable (4) St Joseph L(t).. StL & San¥r (7) 8tL&San F pf(6) Savage Arms Schulte (1).. Seaboard Alr L Seab Alr L pf. Seagrave(e1.20) Bears-R (n3%4). Seneca Copper . . Shattuck F G(2) ShellT&'Ta2.17% Shell Un (1.40). Shell Un pt (6). Shubert The (5) Simmons (12.26) 8imms Pet (1).. Sinclair Ofl. . ... Skelly O11 (3).... Sloss Sheft (6). South Port S So Porto R Srts Sou Calif Ed (2) Sou Dalries A(4) Sou Dairles }s South Pac (6). Southern Ry (7) South Ry pf (). Splcer Mfg..... Std Gas & El g3. Std G & El pt(4) Std Oll Cal $2%. Std Ol NJ (1).. Std Of1 NJ pf(7) Stewart War (6) Stromberg (6) .. tudebaker () Submarine Boat. Sun Of1 (11).... Superior Oil . Sweots of A Symington. .. Symington A(2) Tenn Copper (1) Tex . 116% 8l 490 5dla 393, 981 90% Bl 4h4y % % 1% 30% 424 19% 107% 118% 937 20% b4 B6% 60 Texas Guif Sul.. Tex & Pacific. .. Tex & Pac C& O Texas Ld Tr(8). Third Avenue. .. Thompson (3.60) Tide W Ol pf(5) Timken (16). ... Tobac Prod (7). Tob Prod A (7) Transcont Of ‘Twin City (5).. Un Bagk Paper. Un Carbide (5). Un O1l (3) Un Pacifio (10) Un Tank Car(6). Utd Cigar 8 (c3y Utd Drug (8)... UtdDrg 15t(3%) United Fruit (4) USCIP&F(10) U 8 Distributing U S Hoffn(13% ). U 8 Ind Alcohol. U S Ind Al p£(7) U S Realty (4).. U S Rubber U S Rub 18t (3). U S Smelt (834). U S Steel (7). 148 U S Steel pt (7). 128% U S Tobacco(3) . 65 Universal Pipe. . 234 Untv Pipe pf (7) 71 Utl PELt A (e2) 30% 0% 484 9% 844 &7 59 46's 89'n 9% 1088 4619 16245 57 116% 53 538 R0ty 12 Vick Chemical. . | va-Caro Chem. . Va-CarCh 6% pf va-Car Ch pf(7) Va Iron Coal & C Va Ir C&C pf(5) Vivadou (3).... | wabash. . . | wabash pf A(5). waldorf (1%).. ward Baking B. Warner Bros. ... Warren Bros (4) Weber (4) West Marylal West Pacific. .. . West Pac pt (8). 82 West Union (8) . 145% Westhse A B (7) 131 Westinghse (4). 68% White Eagle (2) 26 White Mot (4).. 06%a White SM pf(4). 52% Wickwirecits.. s Willys-Overland 19% Willys-0d pf (1) 92% Wilson & Co.... 10% Wilson & Co(Aj. 21% Woolworth (16). 177% Worthg Pump. . ' Worthtn A (). - Wright Aero (1). wrig Wm (14) .. vana&'rawr(x;fi:» ow Tr (75¢). 3:}‘1-@ pf(7). 99% 9% Youngstown (4) 87% 3874 Hourly Sales on N. Y. Market. 1 unyua.wo 12 n.. 794.600 1pm. 10149800 2 p.m. 1,228,500 dend rates as gicen in | are b Cannuial cash. paymen | latest quarterly or half vea Unless otherwise noted. extra = e 'Q—f&m I omtnon stock pavable 2% % augrterh 3 = 8 31 424 74 21 26% 3 5616 61% 12 34 4% 74 21 26% 49% 56% . 61% 1% 3314 5 Bl 145% 130 68% 687 25% 256% 567 52 K 19% 927% 10% 21% 175% 22 51 145% 131 68% 264 57% 524 K 2013 931 10% 21% 1781 22 51 32% 52 69% 27% 57 52 » 20% 931y 103 21% 177 2212 51 31% 52 69% 274 994 874 274 above table ased on the declaratione. special divi in stock. ble when earned able in cash or stock. are in stock in special etock lis 35 in ‘stoc —;ififi. 1o 1740"01 a share auarterly in clfl-_}fl‘no«;,’ in stock liis 2 50 hare i stock i common’ stoth - 1Fley 475 1 ethes able’In T auarteriy. 5 Flus 3% 10 » THE EVENING STAR. WASHINGTON, D. IC. S. DEWEY DISCUSSES FRAUD s. | and a move to establish uni-! war, he said. would tend to bring pros.’ ed before | i i been 114w | 2064 | :‘n‘t C. BODY MEETING [ S S. DEW I‘;\ . easury official, who addressed Stock { Exchange Convention in St. Louis. i i the new $1.300.000 series “R" 10-vear 6 per.cent mortgage gold bonds had been fully five times oversubscribed nd the books closed. Subscriptions [in excess of $7,500.000 had heen re- {ceived and it was expected that re- quests mailed late vesterday and not vet recorded in the office might swell hat amount considerably. President Ord Preston. as well as all the other officials and directors, was delighted with the generous r ception accorded the bonds. Work of allotting the new issue will be started at once. When this is completed no- ce of the apportionment will be sent each subscriber and five days al- {lowed in which to make payment in i full or the fivst installment, according {'to the plan of purchase. I Of course, the method of allotment {vannot be anticipated. Tlowevet, other {utility companies in allotting similar | bond issues have usually attempted {10 take care of as many of the smaller investors as possible. the heaviest { scaling down coming on those who want several hundred thousand dol- lars’ worth of the issue. This has considered the fairest | dealing with all coucerned Exchange Prices Hold Up Well. Georgetown Gas s sold at 97% on i the Washmgton Stock Exchange to- day and one $100 transfer in Wash- inglon gas 6a was made at 1001;. Rail- { way & Electrie 4s were also out, this issue selling at & Two bank stocks appeared on the i board, 24 shares of Farmers.and Me. chanics’ National Bank selling at 285 land one share of American Security and Trust going at 33014 Fift s of the racently listed Federal-American Co. common chang ed hands at 30. an advance of 3 i er the opening transaction in < stock last week i People's Drug Sales Galn | Nales of Peoples Drug Stores, Inc.. | tor October amounted tv $5 com { pared with $428,101 for October. 1925, an inc { £129.651, 20.29 per { cent. s the first 10 months of this year amounted to $4.942,467, com I pared with $4.246,185 during the corre. { sponding period of 1 1 increase {of $69 or 16.40 per cent. i October sales of S. S. Kresge (o, {rose to $10.934.837 from $9.992.234 in the same month last vear and for the 10 months of 1926 to $87.810,650 from $78.556.814 in the corresponding period of 1925 The chain of 440 Ligget: Drug tores, subsidiary of the United Drug Co. of Boston, had sales of $1.876,239 {in October. the largest in the history {of the business, an increase of more 2'4 {than $1,000,000 over October last year. {Sales for the 10 months of 1926 |reached $43.044,547 4 gain of $8,248,215 over the same period of 1925 or more than per cent. Establishes Chicago Office. ! tublishment of the first out-of- town branch of the Grear National Insurance Co. of this city, was an- nounced in a telegram received at local headquarters from Representa- tive Frank R. Reid of Illinols, presi jdent. which stated that offices had {been taken in the Peoples Gas Build ing. Chicago This marks the first step in a pro { gram of expansion which the Wash- ington company plans for the ensuing vear. The Chicago office, which will be in operation within a short time, [ will act as a hub of activity for 11 States surrounding the metropolts and will enable the Great National—a company writing automobile insur- |ance and owned practically entirely by Washington shareholders—to tap i the rich country of the Middle West H Will Vote on New Issue. Stockholders of Virginta Electric { Power Co. will vote November 23 on A proposed issue of $9.000,000 first i and refunding mortgage bonds, in ad dition to the $3,000.000 now outstand ing. Action also will be taken on an amendment to the charter reclassify- ing $4,513,000 par value of unissued 7 jper cent cumulative preferred stock and provide for its issuance as 6 per ! cent cumulative preferred i Dinner Plans Completed. Victor B. Deyber. chalrman of the committes on the complimentary din {ner to Howard Moran, president of { the District Bankers' Assoclation. and {Harry V. Maynes, manager of the { Clearing House Association, for hon. ors thrust upon them in connection !'with the A. B. A. convention, reported { today that evervthing is in readiness for the affair, which takes place to- jmorrow. evening at the Willard at 7 | o'clock. The party will include some 125 bankers who attend the weekly luncheons. I Montgo Back From Trip. ! President Willlam Montgomery of the Acacia Mutual Life Association has returned from a two.month in- { spection of the company’s offices in ithe West. He attended many agency conferences and looked over [ ground with a view to establishing ian office in Panama. CALL MONEY EASIER. { NEW YORK. November 9 (&) { Call money easier; all loans 4% cloa- iing bid, 4%. Time loans stead mixed collateral. 60-90 days, 4%; 4.6 xmonlhn, 4%. - Prime mercantile pa- per. 4. % H ¥, = i BUTTER IS HIGHER. | CHICAGO, November 9 () —But- {ter—Higher: recelpts, 13572 tubs; {creamery extri standards, 43%; {extra firsts, 45a47: firsts, 40a48; sec- onds, 36a Eggs—Higher; receipts, 14,644" cases: firsts, 43a47: ordina |frsts. 39a42; refrigerator extras, 341 lvetrigerator firsts. 33a3314 | FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sone. Closing. ) e Rate— Bid 3533335238333 S 2833322228233 FEE S PRI T TS P bt e i ©3835535352595! B3R33322223833; RELEL P FELELET I TTN § Boiizmisienin aorsat8Eans y 1956-36. .. - TUESDAY, NOVEMBER 9. 1926. . | Commw vore BONDS o scanne] (BIND PRICES FIRM FINANCTAL. Received by Private Wire Direct te The Star Ofice. (*) This table carries quotations received up to 8:15 p.m. A com- plete table will be published in the 5:30 Edition. UNITED STATES. roooTg Lib34s... Uy erw soreg) Jales. High. Low. 3:10 52 100 15 100 18 10013 Libist4%s 651 10212 1029 102 10 Lib2a 4%s Lib 3d 4%, Lib 4th 4% uss 9 US4as1944. US4Uss. FOREIGN. Argentine &s Argentin Argenti, Argentin, Argentine Australian Austria 7 Bank of Chile 8%s. Bank of Japan Belgium 8s Belgium 6% Belglum 78 Belglum Ta ct. Belgium 7% Relginm 8. Bolivia 8s. Bordeauvx 6s Rrazil 634s. Brasi] 7 Brasil 8 Canada 58 1953.... Canada 5351929, Chile 7= 1943 Chile 8= 1941, Chi'e 85 1946 Chinase Gov Ry bs. Con Pow Japan 7s. Conenhazen 534s.. Cuba 5%s. . Czecho 7% Czecho 28 1951. .. Czecho 8= 1952 ct... Danish Munic 8s B. Denmark 6x. DE Tn5%a Nov 53 Duteh East T 6s 47. Dutch Fast T 6x 62, W1 Salvador s 48 Finlind « f 68 45. Winland Ts. .. Framerican 7%« French Ta. French 7% French 8$a German F1 P 6%s. German 7s. .. Ger Aer Rank Ger Gen Blee 7s. Oreek 7s. Hait! 6s. Hungary 7%s Ttaly 7s. . Tapaness de...... Jananese $%s. .. Lyon 8« Marretlle 6s. Mexico 45 04 asntd. Mexico 4= 10 asntd Mexico 5sassente Montevideo 7s Natherlands fs §4. Netharlands 6 72 Nord 8%« Norway §%4s. . Norway fa 1943 Norway fa 1944 Norwav fs 1852 . Orlent Dev deh fa. Paris Orleans 7s. Paru Tths. Paru Ks Poland @x 40. .. Poland <. Portp Alecre 88 Pragna 1%, . Queensland & Queensland 7s Rhinelbe Un 7« Rio de Tan fs 1 Rio de Jan K Sa0 Panin Ra 1928 0 Panlo 1950 .. Saxon (PW) 7s.. Selne Ta42. ... Serbs Crot 8lo 8s.. Sofssons s ... Sweden 515a et Swisa 38 1946. Swise Confed = Toho lac Pow 7s. Toklo 5s. Tt Kingm 614 29 A Kinem 5%n 37 fturuay 8s Salés. High Low. 13 64 14 86 3 18 11 1" a 4 23 12 31 1 R 10 23 @ 13 1 35 90% 984 984 981y 84 96 101% 5% 100'% 894 94 7% TH 109% 107% 103 91% /9% 98 7% 98% 98 9814 1014 9514 100% 89 93% 7% 7% 109% 107% 108 1% 8854 9415 104% 101 105 101% 100 109 1084% 31 9615 9914 102% 1015 102% 1025 1104 1084 5 102% 10415 10414 MISCELLANEOUS. Afax Ribher 8. Am Aeri Chem 7Y% Am Repub deb 6s. . AmSmit & R 15t 5s Am Smit & R 6 Am Suzar ref 8« AmT& Tcltris.. Am T & T el tr5s. AMT&Tafbs. .. Am T & T deh 55w Am Water Wks §: Anacanda 1st 6 Anaconda cv ab Andes Cop 7s re Armour&Co 414 rf Armonr Del K. . Associated O11 8 Barnsdall 6a ctfe. . Tlall el Pa As B, Rell Tell Pa 5sC Reth Steel pm bs.. Reth Steel 5143 53. Reth Stasl 6x. Rkiyn Fd gen Sa_ . RKlyn Unlon 5158 Rash T Blde 5 60. Crlif Pete 6148 Cen Leath 68 45 ofs Chila Copper 6 32. o1 Gan& Bl fn. . Commonwith P 63 Con Coal M4 1at i ConGas N Y 5%s Consumers Pow § Cuba Cane cv 7= Cuba Cane ov 8s Cuban Am Sng 8s Neaver Gas by Det Fdison §s 40 Dunuesne Light 83 st Cubs Sug 7%s. RBmpire G & F T4s. Wisk Rubher 88 Goodrich 6%s. Goodyear 85 1931. . Goodyear 8$a 1941.. Hershey 548 Hoe & Co 6145 Humble O & R5%s Tllinofs Bell 1at 6s. Tllinots Steel 4248 Indfana Steel §s. . . Int Mer Marine 8s Int Paper E Int Paper Int T & T 8%s Kan CP&L Bs A 52. Kan G & B 65 52... Kelly-Spring 8: Lackawa 8 55 50 Lacl G ref 63 34 Laclede G 58 63 Torillard (P) 7s. .. LoulsvG & E 58 52 Manat! Bug af 738, M1d.Con 8%s 49... Midvale Steel 5 Montana Pow 6 New Eng Tel bs. .. N Y Edison ba 44.. N Y Edison 6%s NYGEL H&P 4s. N Y Tel 4% NY s 41 N Y Tel6s49. North Am Ed 6a. .. Nor States Pow 6. Nor States Pow 6s. Pac Gas & Bl 5 PacT&T 1st s Pan-Amer Pet. Peoples Gas Gs. ... PhilaCorfésA... Phila & RAC&T6s Plerce-Arrow 8s. Producers & Rf Publio Servie Pub Serv Elec P ServGas5%s59. Punta Alegre 7 Remingtn Arms ¢s. 29 2 a 10415 1057 8914 101 108% 105 9L 102% 10074 10574 98% 2 102% 1 106% 1048, 1034 any 101 10815 104% aRie 10214 1003, 105% ARy 1033 106% 106% 57 100 19 10017 100 17 96 1015 1013 1018 157 102 19 10216 10216 62 1021 10181 1021 4 10419 104 17 104 19 55 10818 108 16 10818 98% 7% 28% 98'% | Atchison adj ¢s. 96% | Atchison 101% | Atiantic 95% | Atlantic C 1 100% | B & O gold 4s. 89% [ B&Ocveys 94 D 97% |B& O 1at bs ot 109% | B& O » 107% |B&Orr 103 91% | B& O SwDiv 53 894 | B & 0 Toledo 4" 95 104'% | BUff R & Pite 4134 101 1064 101% 100% | Tar Clinch & O 5s. 109 108% 2134 | Cent Pac 15t 63 90, 96% | Cher & O cv 43¢s 99% [ Chi & Alton 3s 10244 | Chi & Alton 834 102 108 102% | Ch1& E Tgn 6 110% | Ch! Great Weat 4 10: 10215 10414 | C M&St P 1005 | CM &SP ab «s. 107 | CM &St Pev 414a 904 | CM &St Pgndys. a0v, | CM&SIP r 4340 ot1/ 967 | CMASP cv 5nofa 14 5% 101 897, an LI 91ty 28% | Cuba. N R 6a 5% 100% 104 1071 R715 ags, 1011, 1018 1017 aRs /3% asv, 9y 100 104 7315 0% 1021 102, 10815 1134 1% 10315 1013 1048 1058 101 ann, Qg il 107 1023 1128 06 k3 176 10455 109 104141 M St P & SAM 514w 038 M KETUSE. ., 99% | M V. & T adj bn 101 108, 104w 98'4 | Mo Pac 6n 43 D ... 10214 100% | Mont Trm ref 5u 41 105% PRYG 103% 1065 10615 | NOT & M 5% 82 au £33 102% | N ¥ Cent L8 ¢l 34+ 103 101% | New Hav deb ¢s §7 104% | N'Y Ont W 1at ds.. 159 1006 | N ¥ Ryn6n A 5., 102% 10214 105% 1o | Norfolk & Wen 4s. B4 Northern Pac 3s... Northern Pac 4s .. 105% 4 100% 4| Ore Wash 1at & Y 107% 951, 107 106% 1043% | pore Mar 1at 4n 56. 116'4 | pere Marq 15t 5s.. 106% 0% | pcca st L ss BTS 121 102 |Gt Nor4%e7¢ D 102% | N Y Cf tm 434 17 | stLIMas tr29s. .. 'au. IM8&S RAG 43, R | Southern Ry §%s.. 1 Union Pac 1st 4= | Linion Pac 1st rf 48 { West Maryland 4s Sales. High. Low. 3:10 1004 100 100% 2% 924 924 97% 97 100% 100% 927% 92% 102% 102% 8 9% 108 107% 4% 108% 107 97% 7% 101% 1114 100% 100 10414 103% inclair Of1 63 Sinclair Of1 7s Sin Crude O11 8in Pipe Ln Bouthwest Bell 100% 13 105% 108% 4% 106% 107% 9% o8 102 loi Wilson & Co 1sf ldll AT L 1044 Youngstn S & T €s.112 103% RAILROAD. (130 87% 42 - 10 87% 2% " 106% 924 6% 8% 983 103% 102% 107% 21 9 59 38 37 27 B&Oref 104 103 108 9175 101% 814 974 92% 99 - 1117w - 81 8% 102% 1075 9173 10114 9,73 70% 601 933 9y 807y T0% _53% Bi% 5415 L 564 984 55% 54 104%_ 104 8815 8A' 1025% 102% 111% 1111 106% 106% 4% 4% 9% 91% 1% 91k 102 101% 8614 A 29% 99% 103 102% 10315 10376 1075 107% 96 981 95t 95% o8 9T 116% 116% 1045 104'% 00%, ana, T3 TAe LYCOR YIRS RO 79, b TI% 7 6 76 22 108 59 9gv 9% ARy 1024 102 11815 1135 SR a7y 8214 Rzt 991 0%, RRY R7i4 0 102 10255 10955 T4% 8% W Ty R kil 97 ag7g 1064 106 81 R0 % %' RN, s8R R77% 89 aRng 974 a7 864 86 99 g0 107%'107% 655 65% 65 9RY 2| o 12 13 2 a? 103 g0 8B4 REY u Ny 10005 1011, T4 TAY Ry anw 10615 106 1087% 10615 9T 9T 59t A8y R/R RTG 10060 100 10585 1050 R0 8’0 291 8914 974 9T 10515 108 10714 107 88 T8 104% 104 103% 1021 T4t 69 " 28 a4 mp B &OPLEWV 4 BkIyn Manhat Can Nat 4350 30. nad North 63 nad Pao deb Car Clinch&0 6s 53. ‘entral Pacific ChiIB&Qagn 4sss. CB&Q-Ildiv 4a.. CM& Puget S 4a StP 43 25 25 cfts. CM&StPEs. .. Chi& NW 6%m Cht & NW 7s. CCCA&SET, 4 CCC & StL Sy, Clev Term bs. Cleve Term 53w, Colo & Sou 4%n. Y Cuba R R s i o8 1168 10415 onn, Ne' & 7104 av 58 35, Del & Flud 5%, ... Den & Rin G on 48 D Rin G West Dat United 414n Erie 18t cons ds, Fria gan 4s. . Frie conv s A. Firte conv 4s B. ®rleconv ds D Erie conv axt 7 Fla W C5a T4, 6% 21y 108 108 Great North bs Gr Nor gen 7s Fud & Man ref 6. Hid & Man af m... Tl Contral ref 4s. . T Cen 4n 52, ... 71 Central 5% x TH-C-C S11.&N0 59 Tnt Rap Tran 5x. .. Int Rap Tr 6s atpd. nt Rap Tran &a Tnt Rén Tran Ts. nt & @ Nor 1at 6s. Tnt & G Nor ad 6. Kansas Clty S 35 Kansas City 8 5a Kan Citv Term 4; Tiaka Shore 45 28. . Lake Shore 4 31. . Lehizh Valen ds. . L& N 4%x 2003, .. f.ouls & Nash 5% s an Ry 1at 30 arket St 7a 40 MIIEIRy & 1. 5a. M&T rf ex 8s - M St P& SSM 5%s 154 774 &2 e 103 7374 78% 8 o7 108 R0’ T2 agsy R ©87% 973 26 99 1078 99 MK&TorinbsA. Mo Pacific zen 4s.. Mo Pac 53 1965 Mo Pac 6s 55 . ... san B Ry 4s 57, New Or Term 4. N O Tex & M & NY Con gen 3341 . N Y Cent 4s 9 N Y Centri6s N Y Cent deb NYCRIASIL 5158A. NYC&StL6sA. New Hav deb 4% 56§ NYRyn6a65. ..., 28 24 70 7% £R14 221 £5 a0t 44 108 1n2 Ry Rey 100% 100% o8ty 981 106'4 106 59 1024102 102 2 11% 111% 111% 106% 1067 106% 8% 88 8R% 104 108% 10314 106% 106 10614 106 105% 106% 9115 90% 90t 107 106% 107 9% 975 a7 83 83 94% 94%, T Ty 9260 923 844 R4 10214 1021 98% 924 86% 867% u% 94 9214 9214 104% 104% 89 88% % 124 |1 804 95% 955 954 95 98U 98 934 9314 86 85% 107 107 1124 1124 118% 118% 87% 874 102% 102% 105% 105% 62% 6214 584 BT a0 244 904 NYStataRy 6158 62 NY W& Bos 4% Nor & S gen 5= 54 Nor Pac 4148 2047.. Northern Pac 5s D Northern Pacr 1 6s Ore Short I rfa ds. vl con 4% m Pennsyl gen 4%se. . Pennsyl gen §s 4 Pennsyl 6% . Pennrvl gold Ts. PCC&StLEsA.. Port RT. & P 5n 42. Por RL&P 7% 4 Readin= gen 4%4s.. Rio G West cf & RTIArk &L 4%n StL&BFplds A, 147 8t L&SF5%sD..127 St L &S F ad) 6 24 St L&SF ino 6 3 StLSWistdn .10 St 1.8 W con 4s 33. 56 St P& KCShL4%s 6 St P Un Dep 63 . San A& Arn P ds Seab A L ref s Seab A L adjbs. .. Sead A L con Seab All Fla 6 Sou Pac s 29 Bou Pacific re Southern Ry gen 43 Sou Ry con 58 94... Sou Ry 6s 56 1121 1184 874 102% 105% 6274 BTy 20 9415 g 9914 1021, 1025 107 103y 750 994 Term AssoS L és.. Term Asso 8t L 5 Texas & Pacific 1 Third Ave ref 4 Third Avead) b Tol StL & W 4s. Union Pac 4a 37 2914 TUnion Pacific v 102% 1021 Virginia Ry 1st 102% 102% ‘Wabash 18t 5 . 108 1027, Wabash 5248 75. ... 21 104 1034 s Thw 994 994 8615 861 7% TN Western Pacific 53 West Shore 1st 4s. . Wilkes & E 1st 6s.. 1 6! 1% fyria has commissioned a French company to prospect for. oil through. out its country, 658 | o6 . on i Better Weather in Argentina Offset 17 107% | 45 and Union Pacific ‘i ! 74 | inanitestation. N QUETSESSN 100 | Foreign Issues Attract Most Attention in the Mar- ket Today. BY GEORGE T. HUGH! Spectal Dispatch to The Star. NEW YORK, November 9.--Bond prices held firm in qulet trading dur- ing today's session. Forelgn issu tracted the most attention. Buying. however, was concentrated on a faw spectfic loans and was not uniform throughout the list. The Belglan bonds held thelr gain absorbing the profit-taking males which came into the market, but do Ing little else. The same was true of Fropch obligations except French Re public 8s which at 1023 establishad 2 new high mark for the vear and less than 2 points below the record high of 109 recorded in 1924. The fact that Frenoh 8s are redeemabls by lot in large blocks at 110, gives them a speculative feature which ether French issues lack. Japanese 6145 was the other active issue to make a new high, in this casa the best since they were first floated. Commonwealth of Australia 5a fafled to rally, duplicating at 961, the low of the vear, but the quesns land 6s and 7s were well supported in the domestic group the converti ble lasues were the most conspicuous Granby Mining 7s, were the star per formers. Closing at 1301, yesterdas they ran up over four points todav reflecting the stock conversion privil ege. Brookiyn Unlon Gas 58 and International Telephone and Tela graph 51gs, went along with thair respective stocks. Bonds of Meial companies generaliy were in good de mand. among them. Anaconda 6s an: 79 and Andes Mining 7s. Some of the sugar issues were a shade higher but buying did not appear at uil con fident. Among the tractions. Third Avenue adjustments were higher at one time and Hudson and Manhatia refunding 5s changed hands onlv a fraction below the record price of 8% The feature among the high vielding rails was New Haven secured 6< which crossing the 102 lavel exceeded the best previous quotation. Denver and Rio Grande Western 5% continue: to he taken fn large blocks at fraction ally higher prices. Norfolk Southern s were in brisk demand at one time In the high grade investment class demand centered about New York Central Baltimore and Ohio first first 4s, New Bond Issues NEW YORK. November 3 (Special) A syndicate headed by Roosavalt n is offering $1.985.000 city of N. J.. 47 per cent water The bonds mature serfally o 1966 and are priced to yield from 4 per cent to 4.15 per cent. 214 1 A 82| There are investments for the saving banks and frust funds fn New Jersey, New York, Massachusetts. New 9% | Hampshire, Vermont and Rhode Is 1024 | jand. A. M. Lamport and Co.. Inc.. head a syndicate offering $750.000 Brazos river gas first morigage 7 per cent ear bonds priced at to vield ahout 7.03 per cent company 9%, The 1024 | operates in Texas The $2,000,000 Long 1sla first_refunding 5s, series “'B, by W. . Langley and ¢'o. bright and Co. at 991y oversubscribed. The September 1, 1 } Lighting offered and Bon have heen bonds mature WHEAT FLUCTUATES IN NARROW RANGE by Smallness of Stocks at Liverpool. ed Press CHICAGO. November 9 weather conditions in Argentina tend ed to make wheat prices average low er today in dealings. On the other hand. smallness pf stocks of wheat Liverpool acted as some thing of an offset. Starting at 1y de cline to % advance. wheat fluctuated within a range of ahout and oats displayed relative firmness corn opening unchanged to ' higher and holding near to initial fignres Provisions were easy. According to cable reports todav to Chicago grain houses, rust in Argen tina is confined to the regular vearly and is no caunse for anxiety as to the Argentine wheat crop. In contrast with this news. how ever, and with reassuring advices to lay about improved weather conditions in Argentina, word came that there has been frost in southern Cordoba the Pam, and middle Buenos Aires, all important Argentine wheat areas. where the crop is at a stage when frost visitation is serious. A sharp falling off in receipts corn today attracted much notice among corn traders and led to ma terfal upturn at times in corn values In this connection talk was current Improved the early 1 cent. Corn 106% ! that recent low prices for corn were checking shipments from the country. inasmuch as lowa farmers would ba getting only 35 centg a bushel or un der at loading stations, based on a price of 50 cents for sample grade corn in Chicago. Some evening up of corn trades was also in Progress to prepare for the Government crop report to. morrow WHEAT December Mav . NEW YORK. November 9 (Spe i cial).—Crude rubber, smoked ribbed sheets. advanced s at todav's noon quotation of 41%. This eompares with 4213 a month ago and 101 » vear ago. STEEL OPERATIONS DROP. NEW YORK. November 3 (#) Iron and steel operations in Youngstown district have dropped 1o an average of less than 70 per cent of capacity. Tin plate miils are at 90 per cent. Buying still lags in the fron and steel scrap markets, but trade sentiment is more cheerful. Buying of pig Iron is at satisfactory levels in all sections. Premiums are being of fered in the Mississippi Vallev for prompt delivery of coke. <. DRY GOODS QUIET. NEW YORK. Noveriber 9 (Spe cial).—Cotton goods markets were quiet, but with a slightly stronger tone today. Print cloths advanced 1a for 64-60s at 7, and remained un- changed at 7% for 68-7 Raw #afks were quiet at slightly' easfer prices.