Evening Star Newspaper, November 27, 1926, Page 22

* 22 F INANCIAEL. THE EVENING STAR, WASHINGTON, D. C., SATURDAY, NOVEMBER 27, 1926. FINANCIAL. UNDERTONE FIRM | IN'STOCK MARKET Accumulation of High-Grade Industrials Is Resumed on Large Scale. By the Associated Press NEW YORK. November tone characterized the openings of to- day's Stock Market. Accumulation of high-grade industrials was resumed large scale, the first sale of Steel common being res at the “split 50%-151, an extreme gain f 1 point. Baldwin opened 1z higher At 1593, a new high record. Loose- Wiles Biscult jumped 41 points, and National Biscuit and National Lead sach opened a point higher. Powerful s[\m-u\ul)\'o’ pool: Iy supplied with funds, ark up stocks in which special de- Velopments are believed to be pend ing. Baldwin quickly extended its gain 1o 5 points by touching 184, but encountered heavy profitiaking around that level and slid back a few points. General Motors, South Porto Rican Sugar and National Lead ex- ended their initial gains to 2 points o nore before the end of the first o hfm-' - again moved upward M of Brooklyn Man *Which touched another record around Huying of the rails centered lan e low-priced zood ¢ I alao was moted for a_selective list of food shares with Armour of Iinols preferred, Ward Baking B and National Dairy Products all selling & point or more higher. Marine prefer: red fell back over a point _en th traditional “selling on the good new which followed the confirmation of reports tha the White Star Line \\'usl to be sold to the Royal Mail interests. A jump of over 10 points in Italia lire to 4.31% cents and a drop of points of Norweglan krone to Fents were the only changes of con uence In the foreign exchange mar Demand sterling_ held steady $4.8415 and French francs firmer around 3.613% on a I'nited States block of* 3,500 price of plentiful- ontinued to under the 1¢ hattan Tr: new high issues. 12 40 W YORK, Aldwin touches then reacts. 6s rally on sale White Star gn exchanges firm; Italian lira rallies on reduction not ton. Cotton Southe Sugar quiet and steady. Coffee lowe trade selling. LIVERPOOL REPORTS SEND WHEAT DOWN Better Weather in Argentina An- other Bearish Factor in Today's Dealings. Bonds By the Associated Press. CHICAGO, November 27.—Unex- pocted weakneds of Liverpool quota: tions led to early rush of selling and to lower prices today in the wheat market here. Reports of improved weather in Argentina were also a bearish factor. Opening % to %c off, Chicago wheat values underwent a moderate further setback. Corn and ts were easy, corn starting un- anged to Yc lower and later sag- = 2 little more. Provisions tended to advance. mphasizing advices today of bet- NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley Ad Rumley nf Ahnmada (11).. Alr Reductn(16) All Am Cable(7) Allled Chem (4). AllledCm pf (7). Allis Chal pf (7) Amal Leather. .. Amerada (2).... Am Agricul Chm Am AertChonf . Am Bk ) ote (3). Am Beet Sugar Am Beet Sug pf. Am Bosch. .. ... Am Br Bov EI(2 Am Can (2).... Am Ca-&Tdy (8 10 AmC&F pf (7) Am Chain A (2). Am Drug. ... Am & For Pow Am & Fo P pt(7) Am Hide & Lea. Am Hide & L pf. Am Ho P (2.40). Am Ice pf (5). Am Internatl Ami La Fr (1). Am Linseed. .. Am Linsd pf (7) Am Locomot (8) Am Loco pf (7). Am Po&Lt (g1). Am Radtator(5). Am Renublic. Am Safety R (3) Am nip & Com. Am Smelting (8) Am Snuff (12).. Am Stl Fdys (3) Am Sugar (6)... Am Sugar pf (7) Am Sumatra. Am Tel & Tel(3) Am Tobaceo (8). Am Tobac B (8) Am Tobac pf (8) Am Wa Wo ¢1.20 Am Woolen. .. .. Am Wool pf (7). Am Writ Pa pt Am Zine pt.. A\naconda (3). ArmourDel pf(1 Armour of 111(A 125% 254 10% 17 8l Armour of T (B) Armour T11 pf(7) Arnold Cons&Co Artloom (3).... Asso Dry G(2%) Atchison (7).... At] Birm & At. . Atlant C L (+10. Atl Coast L rts’.. AUGUIf & Wi Atlantic Refing. Atlan Ref pf (7) Austin Nic pf(T) Baldwin L (7).. Balto & Ohlo (8) Barnet Leather. tarnsdail A (2). Hayuk Clear.. .. Bayuk 1st pf (7) elding Bros(3) tiethlehem Steel Heth Sti pf (7). Bloomingdale. Booth Fisherles. Booth Fish 1Ist. . Briggzs Mfg (3). British Emplre. BKInEdison (8). Blkn-Mn Tr (4). BkIn Un G(111). Brunswick Balk. Butte Cop (50¢). Butterick (2). Byer & Co. Calif Petrol(2).. Canada Sou (3). Can Pacific (10). Case Threshing. Central Alloy(2) Cent Leather.. . Cent Leather pf. Century Rib M.. Cerro De P (4).. Certain-Teed (4) Chand-Cle pt(4) Ches & Oh (112) Chi & Alton. Chi & Alton pf. Chi Great West. Chi Gr West pf. Chi MII&StP. ... Chi M{I&SLP pt. C M&StP cfs. C M&StP pf cfs. Chi& Nwn (4)-. Chi R1& Pao.. . Low. 125 4% 4% 139% 135 136% 121% 110 16% 29% 13% 45% a4 205 1678 381 517 103% 125% 25% 10% 17 3% 84 4T 26% 8 597 11% 31% 5% 108% 121 62 109% 48 62 6'a 133% 133% 44 6% 109% 41% 14874 119t 1181 109 581 314 & 47 52% 42'% 154% % 208% 17% 38% 102% 11tk 57% % 108 45 27 54 100 284 44% 104 35 % 46% 25' 1 158% 2% 94% 35 4% 53% 40% 805 59% 164% 152 80 8t 156% 4% 7 9 24% 10% Close. 12% 4% 5 142 136 136% 121% 110 170 | 29% | 13% 16 a4 26% 62 167% | 38% " 103% 1254 6% 10' 17 84 ru 49 26% 83 39% 12 31% 7ol 108% 121 62 110% 48 6: 6% 133% 134% 44% 85% 109'% 41% 145% 119 118'% 110% 581 31% 86 1 43% 47% 92% 14% 8% 84 281 521y 424 154% 5% 209% 17% 38% 1027 116% 57% 159% 106% 45 27 5a% 100% 284 46% 104 35% T4 46% 25% 1 1584% 3% 943 85 4% 53% 40% 805 59% 165% 152 80 8Y bd% 131 63 44y 23% 157 4% q 9 24% 10% 19% 10 19% 9% 704 Grt North pt (5) Gt Nor Ore (1%) Grt Watn Su (%) Gt West S pt (7) Green Canan.... Guantanamo. ... Gulf Mo & Nor.. Guif States (5). Hartman B k4 40 Haves Wh(13%) Household (t4) . | Houston Ol ... Howe Sound (4). FludsonMan(2% Hudson Mo(3%) Hup Mot (1.40). Ti1 Cent pf (6).. Inden O (1) Tndfan Refining. Inland St (2%). Tnaplration (24 Tnterbor Rap Tr Intcont! Rub(1) Tnternat Agri. .. Int Bus Ma (3). Int Cement (¢). Int Com Ene (2) Int Harvstr(8) Inter Har pf (7) TntMteh nf(3.200 Tnt Mer Marine. Int Mer Mar pt Tne Ninkel () Inter Nick pf (6) Int Paper (2)... nt Tel & Tel (6) Tron Prod (50¢). Jewel Tea. . Jordan Motor... KCP & L 1st (T) fTan City Santh Kansas & Guif.. Kavser J (3).. ToNv-Snring. .. Kennecott C (5). Kres:e SS(1.20) Kresge Dept S.. Lago O1l & Tran Lamhert (3%4).. Lee Tire& Rub.. Lehigh Val(3%) Teh&Wink stf(3) Life Savrs(1.60) Tie & M B (14). Lima Loco (4).. T.iq Carb (3.60). Loew's Ine (13). Loose Wiles Lorillard (§: Toutstana Ofl. .. LoulsGasA (1.76) Lou&Nash (163 ) MeclIntyre P (1). Mack Trucks (6) Magma Cop (3). Man El Sup (5). Man El m g (D6) Man Shirt (1%). Mantla Elec (2). Marland OIl (4). Marland Ofl rts. Martin-Pary(2). May Dept St (8). Maytag Co (2).. MetroG pf(1.89 Mexican Seabd. . Miami Cop (1) . ALd-Continent fidd'e States. . . Mtd States Ofl et Miller Rub (2).. Mis Kan & Tex.. MoK & T pt (8). Missour{ Pacific Missourt Pac pf. Montgmry W(4) Moon Mot (1%). Mothr Lode(75c) M6 Plcture(1%) Motor Whi (2).. Murray Body ctf Nush Mot (13).. Nat Biscuit t6% Nat Cash R(A)3. Nat Dairy (3)... Nat Dpt Storas. . Nat D St 1st (7). Nat Lead (8)... Nat Pw&Lt(80¢) Nat 'Supply (4).. Nevada Cop (1). NV Air Brake(2) N ¥ Canners. ... NY Central (7). NY Chi&StL(11) NYC&StL pf (6) NY & Harl (5).. NY NH & Hart.. NY On & West. . NY Rys part cfs NY Steam pf(7). Open. 80% 19% 1084 116% 26% 9% 36 57% 26% Low. Close. B0% 19% 108% 116% 26% 9% 36 57% 26% R.G. 1 President of Commercial Na- tional Bank Is Receiving | Congratulations. Deeply Interested in Legal Profession, But Devotes Time to Banking. BY EDWARD C. STONE. R. Golden Donaldson, president of the Commercial National Bank and | chairman of the board of directors of | the Mount Vernon Savings Bank, is | 50 years old today. He tried this morning to keep his birthday very quiet, but flowers ont his desk, placed there by the bank's’ employes, showed him that the se- cret s out. Soon congratulations | were pouring In upon him from the Commercial staff and from a host of outsiders and he discovered that reaching the half-century mark is nothing short of an event. n in this city in 1876, he began his active career at the age of 10 years in & merchantile house. After going through the graded schools he worked his way through Business High School, graduating when only 19 with high honors. Having a leaning toward law, he entered the George town Law School, finished the course in Is# and entered the law office of Charles C. and Lyman L. Cole, wait g to “age” sufficiently to become a member of the bar. Took Up Law Before Banking. Mr. Donaldson became a partner with Lyman L. Cole and subsequent- ly formed a partnership with Wade H. Ellis, tormerly attorney general of Ohio. In 1919 the lawyer entered a partnership with the late Col. Charles C. Tucker. While he is still deeply DONALDSON CELEBRATING HIS 50th BIRTHDAY TODAY banking. thought Savings Bank. head of the the past six yeal at the bar he early decided ple. Masonry and is & Board of Trade, cally daughters and a son his father's supervi to a request for hi Mr. The Southern $14.01 a share on its after preferred divide months this year, sh 1925, rising surplus 782,000, Net railway the Baltimore was_reported this 234,603, increase of $8,168,15 civil and criminal cases. to specialize This made nking very sim- of the Sixteenth street banker-lawyer is marri from Williams College has entered the banking in the correspon from freight service al y Jo.month period showed a gain over porate and business law. the transition into bal Racquet, and Congressional Country takes a broad interest in and clvic affairs and has been espe- interested in the development t extension. The fed, having two who graduated last June and fleld under In answer rules of succe: Donaldson replied in four words— betermination and hard work. Southern and B. & 0. Reports. Railway on. in interested in law and is a ‘member of the firm ot Donaldson & Johnson, he devotes the major part of He has displayed much fore- in developing the banking tacilities of the %fa[;liml\lundl\w;?.;n:‘};’e’ C| iger of the Moun! e o Bank, He has been at the ommercial National for During his career as counsel in many . although he his time to cor- While he finds little time for club vet Mr. Donaldson is high up e ‘member_of the Columbia Tubs. educational He earned common _stock, in the 10 lends, to after taxes and charges, operating compared with same perfod last year, o bt The income Jone during the 7. as against $12.74 a ding_period of $19.3 trom $17,- 000 income of and Ohio Railroad for the month of October was $5.655.088, { compared with $5,418.924 for October, | 1095 or a gain this year of $238.164. 1 ot railway operating income for the rst 10 months of the present year forenoon $35,076,446 $43.- an Passenger R. GOLDEN DONALDSON, Bank president, who is celebrating fiftieth birthday. 802,000, The Richmond cash ratio was against 67.63 per cent a week previously. New Counterfeit $5 Bill. A Treasury Department circular warns of a new counterfeit §5 bill on the Federal Reserve Bank of New York. 1t is described as a “crudely etched counterfeit printed on a single sheet of paper without threads to imi- tate the silk fiber. The serial num- ber—B 364421122 D—appears in black ink andgwas executed in the plate in | the etching operation, while the seal is revealed in indigo blue with the clrcular inscription inverted. The back plate is printed in a bright grass green.” Check Payments Expanding. Check payments for the third week of November were larger than during the preceding week, but were consid- crably smaller than a year ago, ac cording to the Department of Com- merce. Distributlon of merchandise, as seen from car loadings, was at a high level for this time of year, exceeding any week of 1925, but falling short of re- cent weeks. Wholesale prices showed little change during the third week of November, only wheat and cotton being lower than for the preceding week. Other Financial Notes. Discussion of various matters be- fore the District Bankers' Association was taken up at the meeting of the council of administration yesterday afternoon. The members of this com- mittee are Howard Moran, W. W. Spaid, Robert V. Fleming, Wilmer J. Waller, Albert S. Gatley, John M. Riordon, Lanier P. McLachlen, Iid- ward J. McQuade, C. H. V. Haynes and Franeis G. < Bank clearings at Baltimore, mond and Atlanta during the week were all a little under last at this time, according to Dun port. The total for the countrs also lower. D. H. Moore, president of the Bankers' Bond and Investment Co., with offices in the Southern Building. recently returned from a trip abroad While away he made a close study of | financial conditions in several nations and is confident that economic condi tions in Burope are steadily improv- ing. Stockholders of the Virginia Electric | Co. have authorized the issuance of $9.000.000 of bonds. The company now has outstanding $3.000.000 of bonds. Local Stocks End Week Firm. Federal-American Co. common led week end trading on the logal Stock Exchange, 79 shares being“sold dur- ing the session at 3213. Two shares of Capital Traction sold at 103%. Ten shares of District National Bank registered a sale at 230, Merchants Transfer torage preferred came Lib3¥Hs. Lib 2d 4s. L 1-2 4%s Lib 18t 4% Lib 24 4%s. 121 Lib 2d 4% 41 Ldb 4th 4%e 172 US3xs .. 11 US 4s1944. 101 USékss2. 2 53 9 33 27 Argentine s. .... Argentine 68 Ju 59 Argentine 6s Oct59 Argentine 6s A Argentine 6s B. Areentine 7s Australian bs. Austria7s........ Bank of Chile 6%s. Bank of Japan 6s.. Belgium 6: Belgium 6 Belzium 8 Bolivia 8s HRordeaux Brazil 6% Brazil 7s. . Brazil 8s. Canada bs 1952....- Canada 5%s 1929. . Chile 78 1948 . Chile 8s 1941...... Con Pow Japan 7s. Copenhagen 5%s. . Czecho 7%s ret: Czecho 83 1951. Czecho 881952 ot. . Danish Munie 8s B. Denmark DET5%s Mch 53. Dutch East I 65 62. Finland s £ 85 45 Finland 7s. ... Framerican 7%s French 7s. . French 7%s. French 8s. German Ei P 8% German 7s. ... Ger Agr Bank 7s. Ger Gen Elec 7 Oreek 7s. Hafti 8s. Holland-Amer 6s. . Hungary 7% Italy 7 Japanese 4s s Japanese €%s..... Jergens U M 65 47. Lyon 8s Marsetlle 6s. Mexico 45 10 asntd Mexico 5sassente Montevideo 7s..... Netherlands 6s 54. Netherlands 6s 72. Nord 6%8. .. . Norway 6% Norway 6s 19 Norway 68 1944 Norway 6s 1952. Orlent Dev deb 6s. Parfs-Ly-Med 6s. . Paris-Ly-Med 7s.. Paris Orleans Ts. Peru 71 | Poland 65 40. | Poland 8s... Porto Alegre 8s. | Prague 718, Queensland 6s. Queensland 7s Rhinelbe Un 7s. Rio de Jan 83 47. Rfo Gr Do Sul §s Sao Paulo 8s 193 Saxon (PW) 7s Sefne 75 42. . : Serbs Crot Slo 8s. . Sweden 5%sct.. .. Swiss 5%s 1946. Swise Confed 8s. .. Toho Elec Pow 7s. Tok1o 58, ... . Utd Kingm 518 29 Uta Kingm 538 37. Uruguay 8s - Yokohama 63 w 1. Am Aeri Chem 7%s Am Cotton Of1 5s.. Am Repub deb 6s. . AmSmit & R 1st 58 Am Smit & R6s... Am Sugar ref 6: Riode Jan g 1948, FOREIGN. Sales. High. Low. Close.. © 17 1 42 11 12 21 18 12 EP TS TSP 10—t ~ 2 MISCELLANEOUS. 1 26 1 83 10 4 .1 UNITED STATES. [ (Sales_are in $1.000 } Sales. High. 10012 100 12 10012 100 & 102 10 102 47 100 26 1017 103 4 Low. Close. | 1006 1006 102 10 102 10 102 22 102 22 100 24 100 24 1015 1015 1033 1034 102 21 102 21 105 25 105 25 10930 110 3% 984 98k 8 98 9774 9T 100% 100% 96% 96% 101% 101% 96 96 100% 10018 90% 90 954% % 9874 £9% 98% 98% 1 1074 107% 1031 103% 92% 92% 88y 89 94's 96 103% 103% 101% 104% 101% 1017% 100% 100% 108 108 974 % 99% 104 104 104 104 1037 103" 110'% 110% 104'% 104 101% 10154 103% 103 9% 9Nk 997 997 98l 9814 96% 964 101% 101% 28 984 984 984 98% 100% 97 101% 105% 102 102% 90% 90% 98U 98K 89% 90 100 100 99%, 99% 1074 108 w2 w2t | 9215 92% | 23% 1021024 101% 101% | 101% 102 931 93k 84 844 a3% 94 92 100% 100% | 4 4 | 90% 91 102% 103% 103% 103% | 104 104% | 1% 1114 113% 118% | 103 103 102 102% 104 104 101 104 100 100 91 103% 103% 1041 1% 114% 103 102% 104 104% 100 04% 3% 103% 102% 102% 114% 114% % 103% 102% 115 9815 5 7 118 118 1047 1047 104% 109% 109% 109% 03% 93% 93% 104 104 95% 96 99 99 4 1007 100’ 107% 108 104 105 | 104 96 108 105 l ON NEW YORK BONDS STOCK EXCHANGE I Received by Private Wire Direct to The Star Officr AtlanticCT Ist4s. 3 AtlanticCL7s.... 4 At! & Dan Ist 4545 4 Atl & Dan 2d 4s48. 2 1047 101% 102% R0k TUta 92% 974 99% 99% 102% 1084 9244 101% 99 99'% 17 84t 92% 101% 99 70% 106% 87 B&Orfimp 8s. B & O PLEWYV 4s. B & O SwDiv 6s cfs Bklyn Manhat 6s Can Nat 4%s 30 Canad North 6% Canad Pac deb 4s. Central Pacific 4s Cent Pac 1st 63 90. Ches & O cv 43, Chi & Alton 3s. Ch!B & Q Ist rf bs. CB&Q-T13%s Ch{&EIgnbs.... 73 Ch! Great West 4s. 135 CM&StP4s25... 9 C M&St P 4s 25 cfs. 14 CM&SP deb 4s cfs. 10 CM&StPgn8s. CM&StPevdy CM&SPCv4 14 a32cts CM&StPés..... Chi & NW 61s. Chi Rys 68 ChiRT&P g ChiRT&Prf ChITH&SE Chi T H inc 65 60. . Chi Unfon Sta Chi & W Ind en 4s. & WI6%s62... CCC&StLbs..... (CU&SPLrf6sA. « Tarm bs. C&S 1st4s29. Cc & Sou 4% s Cuba RR 7%s. ... Cuba N R 63 68.. Del & Hud 1=t rf 48 Ne! & Hud cv 53 36 Den & Rio G on 4s D Rio G West §» Frie 1st cons 4 Frie zen 4s. Frie conv 4s A Frie conv 4s B. Frieconv 4s D, Frie conv ext 7 Erfe (Pa) eit tr 4= Pz O Sa T4, Gr Trunksfdb 6s Grand Trunk 7s. .. Gt Nor 4%s76 D.. Gr Nor gen 7s. Green B& W db B. Hud & Man ref bs. Hind & Man aj 5s. . T Central 6% s. M-C-C StL&NO Ss 6 Int Rap Tran bs... 146 Int Rap Tr 5s stpd. 150 Tnt Rap Tran 6s Tnt Rap Tran 7s Int & G Nor 1st 8 59 55 56 26 20 77 155 | Int & @ Nor ad 8s.. Kan City F't 8 4s. Kansas City § 5s.. Lake Shore 4s 28. . Lake Shore 4= 31. . Lehigh Val 5s 2003 Lous & N uri 4s. Man Ry 1sf Market St 79 40 . MIIF1 Ry & T, 5a. M St P& SSMen M St P & SSM 5%s MK&Tadf5s.. . ME&Tprin6sA. MK&TS8sC. Mo Pacific gen Mo Pac 63 49 D. Mo Pac 6s 65 B. Nassau F Ry 45 67, NOTex &Mb6sB. NOTEMb%s. N Y Cent deb 4s NYCrfim4ais NYCentri6s. N Y Cent deb 6s NYChI&SIL 5168A. NYChI&StL 518B. NYC&StL6sA. New Hav deb 4s 67. New Hoven ¢ d 85 N Hav&H clt 63 40. N Y Ont W 1st 4« NY O&W gen 4s 56. N Y Rys 6s65.... NY Rys 6s A 65. N Y State Ry 41 NY W & Bos 4%s Norfolk & W cv 6s. Northern Pac Northern Pac 4s. 9% | 55% | RANGE IS NARROW IN BOND MARKET Recent Stiffening of Money Rates Is Regarded as Temporary. By the Associatad Press NEW YORK. November 27.—Boi prices moved within narrow and irree ular limits in today's quiet tradi The iffening of call mone. as temporary aind > largel heavy withdrawa | of funds -onnection with mont! | end requirements. Brokers reported {4 heavy underlying investment de | mand for bonds. with large fore { inquiries for securities vielding per cent or hetter. There were few ence in the forelgn group. Fren Steamship 7s and Oriental Develoy ment s improved fractionally, whils ilian 61,5 were heavy. presu | ably in sympathy with the rec heaviness of Brazilian exchang Unitéd States Government issues hels 1dy. An early Seaboard , was one of the few railroad group. While the majority of October ruilroad statements now changes of econ advance \ir Line of 1 paint i djustment features n the T Raw 5l NEW | bein published make favorable em on with the sume th last the decreasex shown by w York Central, Southern Rails { System and others has heen { what disuppointing to investe Fractional recessions were !by a number of publ ility | Marine 6s advanced sli { sponse to the confirmatio of the company White ships to the Royal Mail interest bonds | | | WOOL PRICES FIRM | BOSTON. Nevember st wool markets clos the ! quietly but with firm. | teature of the week hax been v of tine domestic ed mills have taken u conside hle amount of fine and fine ¥ { combing and territory | wools are dormant i COTTON GOODS QUIET. YORK, November jeial—Cotton goods marke the week quietiv with print ¢loths 1 changed at 7c for 64x60°s and 7zc f Raw silks were nios at unchanged levels RUBBER DECLINES. NEW YORK. Novemt I | cial.—Crude rubber smoked vibbedt seets, declined of wen, The e | tion 0. SURPLUS SHOWS GAI EW YORK. November October surplus the Southwestern rose to $471.2 1 from $337.945 in Octobes and for t hs to € 18, from § 64, in iod last year. 59, a Washington Stock Exchange SALFS. W 1,000 0%, « Pransfer & Stor. Wash $1.000 Federal-Am at 3235, Norf & W (110). N Am(10% stk). North Am pf(3). North Pac (6)... more than $11,000,000. revenues advanced $87,652 compared with the same period a year ago. Norwalk Tire. .. Fifth District Holdings Derllne.n 11 Sup (2 "Total bill hodings in the Federal Re- g::“‘l’:’:“l'“nl) 6 % | serve district at Richmond declined Orpheum Cir(2). 81% 1000 in the week ended November Otis Elevator (8} ording to the report made v Otis Steel . Bills discounted totaled $3 Otts Stl prior ,640,000 the weel - z BALTIMORE, November 2 Pacific Const cial).—Potatoes, 100 pounds; 1 sweet potatoes, barrel, 1 barrel, 2.00a3.00; bushel, bushel Brussels sprouts. quart, oli, bushel, 10a18; cabbage 5.00; cauliflower, crate, 1 cumbers, 8.50a6.0¢ 5.00; celery, crate, L. bushel, 10a18; lettuce, bus onions, 100 pounds, 1.50a2.00: plants, 100, 5.00a7.00; peppers 2.50a4.50; parsnips, basket, pumpkins, 100, 3.00a10.00; Savoy cab- bage, bushel, 30a50; spinach, bushel, 50280; squash, crate i toes, crate, 3.50a5.00; turnips, 20a80. Apples, barrel, 1.00a4.00; bushel, 35 al.25; cranberries, box, 2.50a4.0 grapes, basket, 12a16; grapefruit, bo 2.5023.50; pears, bushel, 2.00a3. oranges, box, 2.50a5.00. Dairy Products. Live poultry—Turkeys, pound, old, 35; poor and crooked breasts Spring’ chickens, 24a25; Leghorn: a23; poor and thin, : old hens, 20a25; Leghorns, 17al8; old rooster 15a16; ducks, 17a18; geese, 20a25; guinea _fowl, each, 50a75; pigeons, pair, 30a35. Dressed poultry—Turkeys, pound. 38a42; old toms, 35a36; poor and crooked breasts, 25; chickens, 24a26 roosters, 15a16; ducks, 25a28; geese, 20a27. ¢ Eggs—Recelpts, 1,504 cas and nearby firsts in free c: offered at Butter—Good pound, 48a53; 104%. and Potomac Electric r preferred changed hands at 5. Bonds maintained their recent levels and were in fairly active de- mand. ter weather in Argentina, reports at hand said the wheat yields of Santa ¥e and Cordoba Provinces are turn- ing out above expectations, decidedly ahove average to volume, with quality excellent. On the other hand, the condition of the new crop in Pam- pas Province, totaling nearly 3.000.000 acres, is bad. Australian reports current today were to the effect that late thrashing below predictions. The ian wheat crop is now | 140,000,000 hushels, a re- of 10.600,000 bushels, com- Jared with a previous forecast, but 25,000,000 bushels over last year's pro- duction FINANCE COMPANY READY TO RETIRE MUCH COTTON MEMPHIS, Tenn.. November 27 ). —The Central Agricultural Fi- mance Corporation is ready to receive cotton from bankers and growers and tegin actual retirement of the pro- posed 400,000 bales of cotton, L. K. Salsbury, president, announced last night. The corporation’s stock has already he extent of | > than half the author-| nd the company bhusis to borrow te credit Mr. 8 cotton in 98% 9x%M 102% 102% 101 Northern Pacr 1 68 Ore Short L rfs 4s. Ore Wash 1st 4s. Pennsyl con 4%s Pennsy! 5 64 Pennsyl 6148 Pennsyl zold 7s. PCC&StLGsA PCC& StL 58 BT6 2 | Port R L & P 55 43. #4'% | Por RL & P 65 47. 9915 99' | Readins gen 4%s, 103 103 | Rio G West cf 4s 103% 103% | St L IM&S 4529, 97% 974 | St L IM&S R&G 4s. 954 46k |StL&SFplasA 1014 101% | St L& S F pr In 6 104% 104% | StL &S 100% 100% | StL &S 102 102 [StL&S 105% 105% | St L & S F pl 65 C. 84 84 |StP Un Depbs. 105% 105% | San A & Arn P 4s. 101 101 | Seah A L ref 4: 96% 96% | Seab A L ad) Bs. 99% 99% | Seab A L con 6 108 108 | Seab All Fla 6; 98 98 |Sou Pa¥ds2 102% 102% | Sou Pacific clt 43, 951 95% | Sou Pacific ref 4s. 97 97 | Southern Ry gen 105% 105% | Sou Ry con b8 9. 107% 107% | Southern Ry 634s.. 104% 104% | Sou Ry Mo & O 4s. 115% 115% | Term Asso S L 4s.. 106% 106% | Term Asso St L 6s. 120% 120% | Third Ave ref 4 102% 1021 | Third Ave adj bs. . 1031 103% | Tol Tr L&P 5%s 30 103% 103% | Union Pac 1st 4s .. 93% 94 | Union Pacific cv 6s. 97 97 | Virginia Ry 1st 99% 99% | Va Ry & P 5 . 109% 109% | West Maryland 4s. 102% 102% | Western Pacific bs. 105t 105% ( West Shore 1st 4s. . 103% 104 | i 104 104 | it 1o 1215 1214116 PCT. EARNINGS SEEN 100 100 | 96% 96% | 101% 1015 86% 86% | 103% 102% 1021 102% 115% 115% | 105% 105% 108 103% 110% 110 105% 105% 1054 105% 951 95% 100 100 105% 106% 99% 99% 104 4 104% 104% 97l 106% 106% Bum 82% 31 83 8b% 85% 168'2 169 56 66 43% 48 86 86 87% BI% B8 B84 874 87h 100% 100% 116% 116% 651 65% 17 17% 94% 94% 218% 220 18% 18% 69 69 ayle 49% 844 Bale 4 110% 110% 3 69% 3% 69% 70 Yty Ol 90k 91 2% 2% 135% 136 1% 1% 494 4viy 17 6 66 9814 102% 101 1057% 98 60 10378 107 6 107% 92 AmT & Tol tr4s.. AmT& Tcltrbs.. AmT& Tsfbs. AmT & T deb 5%s Am Water Wks 5s. Am Writing Pap 65 Anaconda 1at 6s. ... Anaconda cv db 7s. Andes Cp 78 rets. Armour&Co 43%s rf Armour Del 5%s. . Barnsdall 6s ctts. . el Tell Pa 65 B.. Bell Tell Pa 55 C.. Beth Steel pm 5s. . Beth Steel 518 53. Beth Steel 65. ... Bkiyn Ed gen 5s. .. Bash T Bldg 5s 60. Cen Leath 88 45 ofs Chile Copper 63 32. Con Coal Md 1st 63. Con Gas N ¥ 53%s. . Consumers Pow 5s. Cuba Cane cv 7s Cuba Canecv8s... Cuban Am Sug 8s. Deaver Gas 58 Det Edison 6s 40 Douge w 1 68. Donner Steel 7s. . .. Duquesne Lizht 88 Est Cuba Sug T%s. Empire G & F T%s. | Fiek Rubber 8s.... Goodrich 8. ...« Goodyear 88 1941... 1 Humble O & R5%s Tilinois Bell 1t 6s. Indfana Stee! 5s. . . Int Mer Mart Int Paper 58 47 Int Paper 6 IntT&TEHS..... Kan CP&L 68 A 52. Kan G & E16s52.. Kelly-Spring 8 Laclede G 5%s 52 Liggett & Myers 78 Lormuara (£} (s... Loutsv G & E b5 52. Midvale Steel 68, Montdna Pow 6s Mor's & Co 18t 4%8 Nat Tube 1st b New Eng Tel b8 N Y Edison 6% NYGEL HE&P 5 NY Tel 6s41. N Y Tel 65 49. North Am Ed 6s. North Am Ed 6% Nor Ohto T & L 6s. Nor States Pow 5s. Nor States Pow 8s. Pac Gas & E1 6 Pan-Amer Pete 6. PhilaCortf 6sA... Phila & Rd C& 153 Public Service 8s.. Pub Serv Elec P Serv Gas 6% P Serv Gas 5%s 64. Punta Alegre 78 Sineiair Ofl 68.. Sinclair 01l 6%s Sinclair Ol 7s. . Sin Crude Oil Sin Pipe Lne So Por Rico Sug 7 ) Bouthwest Bell B, ‘Sug Est Orient 7s. Tenn Elec Pow 6 Toledo Edn 1st 7s United Drug 6 U 8 Rub 1st rf b: U S Rub 7%s. U § Steel sf 68 Utah Pow & Lt 51 Warner Sug 78 4 West Elec 68 Westn Unton Westinghouse 5: Willys-Ov 6%s 33. Wilson & Co 1st 101% Youngstn S & T 1033 Bt ok v RAILROAD. sy den Cletuial : Atchisongen én.... 2 92% 9% 2% Aush A L CoiGen Eloc). CR1&Ppt (6). CR1&Ppf (7). 106% Cnile Cop (23). 824 Christle B (1.20). 31 Chrysier Corp(3 * 46 Coca-Cola (7)... 170% Collins & Afk(4). 56 Col Fuel & Iron. 43% Colo Southern.. 56 Col G&Ei cfs (5) 87% Col Gas & EL (5) 88 Col Gasnew (5). 87% Col B&E pf A(6) 100% Lol G & Epf (7) 116% Col Carbon (4).. 65% Com Cred (2) Com In Tr pf 6% Com olv B (8). Congoleum-N. . Calif Packg(4).. Congress Cgr (3 Con Cigars (7). Lonsol Gas (6). ConRRCuba pf 6 wonsol Text Cont Bakg A (8) _ont Baking B.. Cont Bak pf (8). Cont Can (16).. Cont lnsur (8) Cont Mot (80¢). —orn Prod(12%) Corn Prod pt(7). Coty, Inc (15)... Crucible 8tl (6). Cuba Cane Sugat Cuba Cane Su pf Cuba Co (#).... Cuban-Am 8 (1). Cudahy (new).. Cuyamel Fr (4). Davison Cnem.. Del & Hud (9).. el L & Wn (17) DRG Wstpf... Detroit Ed rta.. Detroit Ed (8).. Devoe&Ra(2.40) Dodge Bros CLA Doage pt (). ... Dome Mines (2). Doug Pec (212). Du Pont (112).. Eastman (18). ciectric Boat. .. Elec Power & Lt Elec P & L pf(7) Elec Refrig (c2) £nd-John (5)... Engineers Pub S ngnrs PS pI(T) Erie R R. . Erie 18t pf. Erie 2d pf Eureka vac (4). Fairoanks (3).. Famous Pl (8). FedLight(*1.40) Fed Min pf (7). | Fed Mot T(£80c) Fifth Ave (84¢). First Nat S(1%) | Fisk Rubber.... Fleischmn(12%) Fox Film A (4). Freeport-Texa Gabriel Sn (3%) Gardner Motor.. Gen Asphal Gen Elec (b3, Gen Elec sp (800 11% Gen Gas A(el%) 42% Gen Motor(t11). 133% Gen Mot pf(7).. 120 Gen Outdr Ad(2) 85% Gen Qutdr A (4) 55% Gen Ry Sig (16). 86% Gimbel Bro 45 Glidden (2) 19% Gold Dust 45% b | Goodrich Ru (4) 45% [ 4 | Goodrich pf (7). 97 Wisc. Cent. Ry | Goodyear pf (7). 100% = | Goodyr pr pf(8). 108's [Gothm S H (2%) 64l 644 o4 Gotham new: 6444 64l Gi 6d's Gotham pf (). 111% 1115 111% 111% | | Granby Consol.a «86_. 8616 .85% 854 Bid and Asked Prices. PUBLIC_UTILITY . 4% 084 n Te & - Ameri Amer. Tel Am. Tel & Anacostia & as o1 1074 10 92 941 terday 907,000 against before and paper bought in the open market $13,754,000 compared with §14,- 100% a7y 834 97 9 f4% 9974 102% 99% 9115 102% 1047 bt DG 73% | Pot 81% | Waen e Cond St 96Y% | Wardman Park Hotel 95% STOCKS. 98% 89Y% UTILITY 93y 86 107% 119% estimated at Packard (12. Paige Mot(1.30). Pan.Am (8 . Pan-Am B (6)... Pan.AmWnB(2). Park & Tilford. . Park Utah (60¢). Pathe Ex (c3)... Peerless Mot.... Penick & Ford Pa Dixie Ct(80c) Penna RR (3%) Penn-Seab Steel. Peoples Gas (8). Pere Marg (18). Phila& RC&I. Philip Morris Phbillips Pet (3). Phoenix Hoslery Pierce-Arrow. .. Pierce Ot1. pierce Ol D Pierce Perolm Pitts Coal, Ppitts Coel pf. Pitts Term Coal. Pitts & W Va(8) Porto Rico Tob. Postum (6). .. Pressed St Ca! Pub Serv NJ Pub SE&G pf(6) Puliman Co (%). Punta Alez Sug. Purity Bak (A). Purlty Bak (B). Purity Bak pf(7) Radio Corp of A. Ray Copper (250) Heading (4). Reading ra. Real Slk Hos. Reid Ice Cm (3). Remington Type Rep Ir & Stl (4). Replogle Steel | Rey Tobac B(5). Robt Rets & Co.. Sufety Cable (4) | St Joseph (12) | StL & SanFr ( StL&San F pf(8) Schulte Stor (§8) Seaboard Alr L. Sears-R (n2%4). Shell Un (1.40). Seneca Copper. . Shubert The (5) Stmmons(12.26). Simms Pet (1) Sinclalr O1l. Sinelair pt (8) skeily O1l (2) Sloss Sheff ( South Port S (8) So Porto R Srts. Sou Dalries A(4) 45 Sou Dairies ... 217 South Pac (3}... 105% Southern Ry (7) 1174 Southern Ry rts Ta South Ry pf (6). 94 Spicer Mfg... 21% StaGas & El g3. b55% Std G & El pf(4) 57 Std Mill (6). 74 Std Oil Cal t2%. 68 Std O NJ t1.12% 37% Stand Ol NJ rts. 2 | 51d O1l NJ pf(7). 115% Sterling Pro (5). 94% Stewart War (6) 67% Studebaker (5).. 52 Sun Of! (11) 32 Superior O 4 Symingtodeeaw « & 11% b6y 65 b51% 11% 55 66 51% 1% 65 1% 65's 56 b5 52 52 Tenn Copper (1) Texas Co (3).... Texas Co new (3) Tex Gulf Sul (4) Tex & Pacific... 50% 51 B50% 61 Tex&PacC&O 14% 14% 144 14% Texas Ld Tr(8).1145 1145 1090 1090 The Fair (2.40).. 27% 2% 2% 2% Third Avenue. 40 40 39% 39% Timken (16).... 81 81 80% 80% Tobac Prod (7). 107% 108% 107% 108% Tob Prod A (7).. 113% 113% 113% 113% Transcont Ofl... 4 M 3% 4% Underwood (4). AT% 4TH 4T% Un Bag& Paper. 46% 45k 45% Unlon Carb (6).. 96% 956% 96 Un Ofl (2) g 53% B2% 62% Un Pacific (10).. 163% 163% 1633 Utd Cigar 8 (¢2) 95 45l 95k Utd Drug (8)... 163 163 163 UtdDrg 1st(3%) 68% 58% 58% United Fruit (4) 125 12415 124% USCI1P&FU0D) 223 219 220 U S Distributing 54 b3% 53% U S Ind Alcohol. 9% T 9% U S Rubber.. 60 57% 58 U S Rub 18t (3). 107 108% 107 U S Smelt (3%). 36% 35 35% U S Steel (7). 151% 149% 150% U S Steel pf ( 19 128% 128% U S Tobacco(3). 65% 65% 654% Uriversal Pipe. . 29% 28% 29 Univ Pipe pf (7) 84% 83% 84% Vivadou (3) 33% 38% 884 Va-Caro Chem. . 10% 10% 10% Wabash. 40u 40 ¥ 40 Wabash pi % T4 T4 Wwabash pf B. ... 68% 66 68% wurd Baking B. 31% 30% 81% warner Broi 4T 46% 4Th Weber (4) 5812 68% 58% West Maryland, 12k 12% 124 West Md 2d pf .. 221 22 22 West Pac pf (6). 81% 81% 814 West P Po pf (6) 100%a 100% 100%% West Unlon (8). 145% 145% 145% Westhse A B (7) 136% 184% 135% tinghse (4). 68% 68l 68% Weston Elec. 16 16 16 weston A (2) 31% 31% 3% Wheel & L Erle. 28% 27% 28 4 E f. % 45 &% whsLh L L 26% 26% 26% 57% 66% 57 24 28% 23% o6 66 b5 21% 21% 21% 92v 9% 924 10 10 10 20% 20% 20% 63 63 63 198 190 191% 30% 30% 380% 28% 27% 27% 100, LANEOUS Chevy ¢ § age Club Chestnut ¥ . arms D) AL 4% 46 26% 53 163% 95% 163 58% 124% 222 64 8% 60 106% L 0 oy e 1 Bt = 2958 B 122 heen 0 . Steaimboat., $1.007 s ized capitalization {s prepared on this $10.000,000 from intermedi banks to finance the pool bury, who has extensive interests, declared The Union and Planters Bank & Trust Co. and Bank of Commerce & Trust Co., both of Memphis, lead the list of stock subscribers with each he Central Corporation, with he: ers at Memphis anizations formed in several South- States in the movement to with- w the crop surplus and stabilize the market. PENNSY PROSPEROUS. YORK. November Railro: 40; National Capital Columbi S B 1 nd ses Nat, Bank of Wash TRUST COMPANY { American_ Security & Trust. 37 | Contimental - | Merchants. . National Savings i ON W. M. PREFERRED ‘.5 ington” Loan & Trust Special Dispateh to The Star. <AVINGS BANK BALTIMORE. November 27.—Indi- | fom™unins cations are that the Western Mary- | Seeurity savin land Railway will earn the equivalent | prent? GiEH of at least 16 per cent on its $17,742,- | Wachington Mechanics 030 first preferred stock outstanding. | FIRE I Last year the Western Maryland re- | xmorican 3 ported surplus earnings equivalent to | Corco 10.03 per cent; in 1924, 3.24 per cent; Riremen*, in' 1923, 0.42 per cent; in 1922, 0.28 | NAUOUY per cent, and in 1924 per cent Owners of the first preferred stock have not received a penny return on | the shares. Accumulated dividends up to October 1 last amounted to 57% per cent. Reports have been current 102% | for a long time that the company con- 103% 103% | templates paying something this year 106% 106% |or early next year, and the record 105 105 |earnings of the carrier strengthens 1047 104% | belief that payments will not be with- 111% 111% | held much longer. 99% 99% 91% 62 96% 96% 100% 100% 92% 92% 109 109 103 103 9T% 97% | 105% 105% 108 108 107 107 | otn ooy | North German 146 146 a2l 42% sls S qua is one of t ok, 3% Bl | & Trust 10 native dozen, to fancy creamery, prints, 53ab! blocks, 52a54; 30: rolls, 23a28; store packed, 4; process butter, 36a37; dairy prints, 2! g DIVIDENDS. Pe- Pay- riod. db‘fi' Jan g i 9 1684 169% 123% 123% s 9% | NEW Pennsylvania )sperous Octobe Ansr Vb ot pate. inion.. B of s BT BTP6%% ¢ Cah Car & ¥ Chi Mot Ch_pf DST6%% ¢ ot Dominion Bk do ... o R 2 2o Net for the 10 months was more than $7.000,000 larger than a year ago. 88 S8 45% 45% 44 44 60 60% | 44 44 116 116 42 a2n 0% 0% 24% 24% | 164 16% 28 29 17 a7 49 avw 2% T s24 1% 31w, 31 31 31 ™ 1 7 85% 84 Bd B6% 854 5% 1% 11k 1% 42 424 42 142 139% 140 120 120 1 85% 85% 55% G56% 86% 8bla 47 45 19% 19% 5% 45% 457 424 97 97 100t 100 1064 106+ Jan Jan e Title ‘est. of Md. com’ MISCELLANEOUS. C. Paper pfd.. ... ‘ederal Storage pfd”.". { Federal-Amer.” €0, | Fedoral-Amer. Co. anston Monotye erchante, Trans. & ¢ er-hanta’ Trans. & Stor. pf. ergenthaler Litotype Natl. Mtge. & Inv Peoples Driix_ Store Security Storage Washington M GERMAN BONDS AND STOCKS. | ") acnt (Quoted in dollars per million marks.) ; Unlisted Department. Bid. Asked. These securities not listed under Exchange Ger Gt (w In) b8 1914-18 1750.00 1800.00 | rulc= | Hambure 4%s 1019..... 11000 12000 | BONDS. Last (Quoted_in dollars per thousand marks.) | s Bid. Asked Ger Gen E ”-‘4‘ s pre-war. 25.00 00 | 4‘:':'.';:«,:'"«"’!‘3. g‘v‘_‘f:uh be. Sh® ¥ 9'53 ity Clup e, “‘ % 09 | Metropolitan : STOCKS. 28 91 16 45 31 54 30% 3% 62% 32% 18% 17% 9% 33% . 126% 147% % n o SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) <——Close 27%, 4678 26% b7% 24 66 21% 1% 10 20% 63 193 30% 2T% b3 300 | 8% 621 e 17 42% 0% 25 16% 2y 17 49% 734 @ - Whil White Rock (12) White SM prd). Willys-Overiand Willys-Od pt (7)) Wwilson & Co. ... Wwilson & Co(A). Wilson pt(3%). Woolworth (16). wright Acr?"( ll) low Tr (760). }:: Tr&C pf(7). 100 100 100 ‘10:) ‘Youngstown 4) 85 85 85 85 117% 1 . ) Faid (e year oo ng, AL IS 2 . 944 "—Plus 5% in stocl 214 | Ppavable mRed,Stc O = SOy Ll 170 Mare i svecial stock. o8 8 s 5 us 2% [Pa0"01"a share quarterly in Class % toc) [y M. Tus 37 le r% in_stocl {—Blin 2780 snars ( stock dend P above tahle 24 v n na kiven in th e e b Dy mentx based o the 115% e riterly ‘O half yoarly deciaration 944 | gre (i b wuiarter T4 Dates, ibe Woted. exira or special divi- rtly extra #Payable | d ¥ B i, ; in_corimo S ls 170 10 stock Dag- ablo’in 1% guartetly. 1Plus 3% in stock, P.aL Co. of Amer 178 el Co iron a 18% 17 944 j=i=l g8 o L'V Ci Sales Co L Bl Lum Cl A I)'lw & Myers pf R M C § SURPLUS SHOWS GAIN. NEW YORK. November 27 (P).— October surplus of the St. Louls, San Francisco Rallway was $938,585 after charges, against $854,102 in October last year, and for the 10 months this year $6,313,041, jagainst $5,643,938 in the same period of 1925. Y POULTRY MARKET STEADY. CHICAGO, November 27 (). Poultry, alive, receipts, 11 o rnrsm, roosters, 17; springs, 16a20; ducks, 21; turkeys, 20a. 273 geese, 17218, a » 3333 AT A o 23333 © ! 3 Y7 5K - 126% 146% 1% a4% 21% 10:7% 23 o S L2 e &) € Cl o @ 2 3 @ b b e 01 s Lt 535! dvear T. & R. 58 1 v Great Northern 7e 1936 : ¢ 51 1 Sormm mumoen wuG =50 G E8ann GroZoan 000 30 W 3 et 22, EH 33 105% 108 107% 954 107 106% 93 86% 101% 112 101'% 101% Fimbie 01l ane Gav o Biag 10461 | o Co NOF “alrbrakie . Tat s 1038 2% | New York Tel, 6e 1941 Line e 1 aonmmanIABuBlaefemnnarslanmulicoan qeomtBansamagn~Samnan ) S e T ) onols 312 106% 106% | Krupn bs 1031, .+ 7% 98 Dusseldor{ 4s pre-war. 101% 102 | B Badische A 112 111% | A E G (Ger Gen Elec 101% 1014 AEC (GGE) B ... i d Priv 3 19%es 1015 | fommers od Erivat Hank. 101% 101% Disconto Gellschaft .. 103% 103% Chapin Chapin-Sucks 8% Connecticut Pie Co. . | Christian Heurich Brewery Departmental Bank, ... .. District Title Tns. Co. ! F Al Bank . aa Dresdner Bank . ... Deutsche Bank 5 Darmstaedter B 3 & Cbines 1 i o S e Bank wa el Washinzton st ius. Co. 333t w Base Ball Club. 212500 ' 23 g Sav. B 00 £ a5 13 The Reading Co. had a profitable October. Eruss gaining more than ” $2,000,000 and net operating income about $1,233,000 over October, 1925 ¢ ABSER