Evening Star Newspaper, November 29, 1926, Page 10

FINANCIAL. s;rl;R; WASHfNGToN D (84 MOVDAY ’.‘§OVELBER IPOTOMAC ELECTRIC POWER CO. 10 FINANCIAL., ONDS sroc excannce | THE: EVENING 29, 1926. NEW YORK STOCK EXCHANGE ON NEW YORK HIGHER CALL RATE HALTS STOCK RISE, Many Issues, However, Soon Turn Upward—O0il Shares Are Stronger. BY STUART P. W Epecial Dispatch to The Star. NEW YORK, November 29.—An ad- vance in the rate on standing call| loans from 4% to 5 per cent. the; highest in two weeks, was given credit for the check which appeared in the stock market today. As a matter of fact. this was purely a perfunctory explanation. The money advance was merely one of those sur- face fluctuations which happen now and then when the Government is withdrawing funds from the market or when interior banks are. for one reason or another, reducing their balances. 1 Both operations are of a temporary | character and when set against the big essentials of the money situation amount to nothing at all. The rise in money rates came in handy as an excuse for a pause in the market movement, which would have un- doubtedly come about anyway. Among the few features of the day were the strength in Bethlehem Steel mnd the higher market for some of the oil shares. Bethlehem Steel for weeks had been hanging around 44. 1t did not begin to show signs of life until Saturday. Then, under what was obviously special buying, the stock started forward and the advance rontinued today. Wall Street for =ome time had been discussing a $4 dividend for Bethlehem. and the com- mon opinion is that some action will he taken hefore long. At first the other independent steel ®=hares were not inclined to follow Rethlehem, but as the day went on stacks like Gulf States and Sloss-Shef field hecame stronger. Raflway_shares were a good deal nived. Realizing came into last week's favorites, Rock 1sland and St. l.ouis-San Francisco, and Atchison #old off after an early advance. Union Facific and Northern Pacific, on the other hand, were steady. In the afternon United States &teel regained the loss which it had sustained at the start. Reports from Washington that the Interstate Commerce Commission had proposed to hasten the investigation of freight rates might have had some- thing to do with the afternoon real- izng sales in some of the dividend- paving rails. CLOSE IS IRREGULAR. e Stocks Reach Day's Prices in Last Hour. By the Associated Press NEW YORK, November ~The losing was irregular. Several stocks reached the best prices of the day in the final hour, despite an advance in the call money rate to 5'z per cent. which retarded the general forward movement. South Porto Rico sugar, after slumping to 143, rebounded to a new high abhove 151. but Savage Arms and Real ® Hosiery declined to new 1926 lows. To- 14l sales approximated 1,500,000 shares. ! s | Opsn. High. Low. ADItibl Pow (4). 90 Adams Exp (§). 129 Adv Rumiey. Ad Rumiey Ahum-an M).. 5 5 Alr Reduetn (16) AR 138% Ajax Rubber. 7 Alasks Junea Allled Chetn (4). lwi 137% 135% AllfedCm pf (7). 121% 121% 121% AlllsChalm (6). 87 87% 87 ‘Am-l Leather... 17% 18% 17% Amal Lthr pf(7) 105% 106 1087 vAmm da (3). 29% | 2013 | Am Agricul Ch 13t 184 Am ArriChpe . 46h 46 | Am Bk Note ). 4 % 43k A Heat Sy v6ly 27 Am Bshnspun 118 118 Am Bosel 7. 17 Am BrakeShif) 141 148 14T Am BrBovEI(2' 39 39! 88% AmCan (3)..... 62t §2% B Am Canpf (7).. 126% 126'3 126% Am Car&Fdy (8) 104% 104'c 103% Am Chain A (2). 25% 25% 25% Ar Chicle (3).. 37 374 374 Am Chiclects(3; 36% 25% 35% Am Drug .. 00 10 9% Am Expiess (8). 129 130% 129 Am&For Pow.. 174 17% Am Hide& Lea. 84 su. Am Hide& Lpf. 48% 48% 47 Am Ho P (2.40). 26% 27% 26% Am Ica (110). 127% Am Ice pf (8 Am Internatl. ‘Am La Fr (1) Am Linseed. Am Locomot Am Mach & Fy.. 72% 72 Am Plano pf (7) 1024 102% 102’/- AmPo&Lt (g1). 62 62 Am Radiator(5). 110% 110% lom Am Ry Exp (6). 87 88 87 Am Safety R (3) 61% 62% 61 Am Smelting (8) 133% 134% 133% AmS&Rpf (1) 1197 120 119% Am Stl Fdys (3) 44'; 44% 44 AmStIFype(7) 113 113 113 Am Bugar (5)... 857 864 B84t Am Bugar pf (7) 109% 109% 109% Am Sumatra.... 41% 4% 40 Am Tel &Ca (5). 30% 30% 30 Am Tel & Tel(8) 1491 1491 149%4 Am Tobaceo (8). 1197 122% 119% Am Tobac B (8) 119 l20'| 118'% 110'% lfll 46 401 40%5 12 12 A WW et (1) 108 Am Woolen. ... 31% Am Wool pf (7). 85% L ArmourDel pt(T. 92% Armour of TI(A® 144 Armour of I(B) 8% Arnold Cons&Co 24 Asso Dry G(2%) 424 42% 42% Asso DG 1st(6). 101 101 101 Atchison (7).... 1641 155% 183 Atchison pf (5). 100% 100% 100 Atlant C L (+10) "om 208% 207 AtlCoastLrts.. 17 Atl Gulf & WI1. AtIBIrm&At... Atlantic Refine 103 Atlas Powdr(5) 64 Austin-Nichols. &% Austin Nie pt(7) 57'a Auto Knitter... % Baldwin L (7).. 159% 160 154 Bald Loco pf (7) 118% 118% 118 Balto & Oho (§) 106% 10614 105% Bang & Ar (3).. 42% 427 427 Rarnsdall A (). 26% 27% 2 Barnadall B (2). 24% Ravuk Clear.... 54t Belding Bros($). 28 2 Bethlehem Stee .. 104% 104% 104% Beth 8t pf (7). 1045 104% 11 b % kil T Briges Mfg (3). 26% 25'a 25 BuinEalson (8). 158% 1604 158% Blkn-Mn Tr (4). 781 T84 72 Bk-Man T pf(6) 59% 89% 89% Bkin Un G(HD). o415 964 98% wick Balk. 36 Branswick Ter.. 13 Burns Bro (10).. 127%% 130% 127‘< Burne Br B (2). 20% 20% 29% Burronghs (14). 1171 1175 1175 Bush Terminal.. 28 28 Butte&Super(2). 12% I‘Z‘- 12% Butte Cop (500). 4'a _47s 4% Butterick (2)... 54 54 52 . Byer &Cn 410 42% 414 By-Prodt 36 3% 3% 11f Packe(4).. 69 69% 69 Calit Potrol(d).. 30% S0 304 Callshan Zine... 1% 1% 1% Calumet & Ar(§) 6815 684 68% Calumet&H(1%) 16% 16% 164 Can Dry (c2%). 384 38% 374 Can Pacific (10). 165% 165% 165% Case Threshing. 1562 152 151 Central Alloy(2) BA‘S 301 30% Cent Leather. % 8 Cent Leather of. sy sl 63 Cent Lea ptctfs. 53% 58% 68% Cen Ry NJ(12) 280 280 280 Century Rib M.. 13% ~13% 18% CerroDe P (4).. 68 €8 6215 ed(4) A4 A4u 44 9y 9's 9% 14% 84 23% 14% 2h'% - - 0 Reveral Best 1047 103 64 64 8% 8% 574 57 L Markets at a Glance NEW YVORK. Stocks irregular November 20 (). — local gas stocks rise on court decision. Bonds firm; popu- lar industrial issues advance. For- cign exchanges mixed: French francs rally. v; Southern selling. Sugar : Cuban buying. Coffea wealk; predictions increased re- celpts. CHIC inte weathe! firmer. TOBACCO RECEIPTS LIGHT. 394 Hogsheads Shipped to Balti- more, While 1.876 Are Sold. Kpecial spatch to The Star BALTIMORE. November 29 ceipts of Maryland leaf tobacco. con- tinue light, only 334 hogsheads being veceived last week. while sales total- ed 19 which reduces | The u in firet hands to D about 3.000 hogsheads { Chana-Clepf(4) 23% 24 284 Quotations today for Marviand leaf | Chen & Oh (113) 158 1594 1 tobacco. per 100 pounds C g 8 Intevior and frosted. firm leaf, $3.00 ik 1o $8.00. sound common and greenish. | Chi Great West. k) k] $9.00 to $14.00: good common, Chi Gr West pf.. 24'a o $24.00; medium, Chi MI1&StP.... 9% sood to fine red, Chi M{l&StP pf. 20 fancy. $32.00: seconds, common C M&StP pfcfs. 19% medium, $6.00 to $20.00: seconds, Chi& Nwn (4)-. 9% Lo fine, $21.00 to §40.00; upper country. | cny & Xw pt(1). 12 wir-cured, 00 to $35.00: sround | Ghi R T & Pad 0% leaves, namm.( !|CR1&P®f ). 97 Childs (32.40) lg‘ SEABOARD REVENUE CuT. Chile Coo (2%). Christle B (1.20) | Chrysler Corp(3 Florida Storm Beheved Responsible | for $585.851 Drop. AGO.—Wheat steady: Eastern supporting. Corn easy: fine West. Cattle steady; hogs | Re- % Tl 9 24'a 974 24! 9% 5 20'% to 2878 35% { Cora.Cola (7)... 168 169% 165%; Collins & Alk(4). 56 56's 56 Coilins&Aik pf 7 1134 11414 1134 Col Carbon (4).. 65% 6€5% 65% | Col Fuel & Iron. 437x 44 42% ColGas & El (5) §81; #8188 Col Gasnew (3). 87% 884 87% Col G&E pf A(6) 100 101 100 Com Cred (2)... 1 17% 17% Com Inv (3.60).. 59 59 Com InTrpf 6% 94 941z 94 Com Solv B (8). 219% 219% 213 Congoleum-N.. 18% 20 18% Congress Cgr (3] 553 51 Con Cigars (T).. 85% 84 Consol Gas (5).. 110% 113% 110% ConRRCuba pf 6 7 69%, Consol Textlle. . Cont Bakg A (8) Cont Baking B.. Cont Bak pf (3). Cont Can (16) Cont Mot (800). Coty, Inc (16). . Corn Prod(12%) Crucible 8tl (5). Crucible pf (7). Cuba Cane Sugat Cuba Cane Su pt Cuba Co (4).... Cuban-Am 8 (1). Cudahy (new).. Cuyamel Fruit 33 Davison Chem.. 26'% Deere&Co pf (1) 107 Del & Hud (9).. 172 Del L & Wn (17) 147 Detroit Ed (8).. 133 Detroit Edrts.. 3 Devoe&Ra(2.40) Dndge Bros Cl A Doage pf (7). ‘Dome Mines 2. Doug Pec (213). Du Pont (112) .. Dupont debd (§). Eastman (). .. Eaton Axle (2). Eisentohr & t!ru Eiectric Boat... Elec Power & Lt Bl P& LptT) 96 Elec Refrig (¢3) 384 Elec Sto Bat(*6) 83% ‘Emmerson Brnt. l‘ al Dispatch to The Star 8 BALTIMOR! Novembe: Al drop of $385 i nues of the Seaboard A | way for October. corresponding month a vear as: attributed by officials to the tempo- vary effects of the Florida storm For the 10-month period the com- pany reports an increase of $4.383. 493.54 in total operating revenues and «n increase of $2.847.520.49 in operat- ing expenses enue for the period gained $1.785.97 Savings in pther items resulted in an increuse of §1.370.297.60 in gross income. BONDS OVERSUBSCRIBED. $120,000.000 Standard Oil Issue Taken by Stockholders. NEW YORK. November 2 Oversubscription of the jssue of Standard Oil Co. of New Jer- | ey § per cent debentures was an- nounced early today by J. P. Morgan & Co. The books for the formal of fering were opened at 10 o'clock and immediately closed. Preferred stockholds who re- ceived preferential subscription rights, absorhed virtually the entive issue. compared with the | z0. is | 515 10235 1 o 104 S 000.000 b 271 51% 33 26% 172% 171% 147 145% 183% 1331 3 3 3ty 24 B1% 12% 46 lGD‘A 1694 166 107 107 107 124 124 123 23l 28 284 113 11's o BUTTER PRICES HIGHER. CHICAGO. 111.. Novembe: Rutter —Higher: res creamery. extra. extra firs 450 Eggs—Higher: receipts, 5560 cases; . 2a36: ordinary firsts gerator extras. 35a35%; tor firsts, mx,aw. FED}BAL LAN’D BANK BONDS. /Quoted by Alex. Brown & Sons. Closing. refriger- Erie Stm 8(2% Evie Stm S pf(1) 101 101 Eureka Vac (4). 60's 60% Fairoanks (3)... 44 454 44 Famous P1 (48). 116% 117 116k FedLight(*1.40) 4:ly 42% 40% o RRRBR222228 1 1 ;:: e e Close. 20 129 12 41 Received by Private Wire Direct te The Star Ofice Fed Min pf (7). . Fed Mot T (£80c) ¥id Phoenix (6). 194" Fifth Ave (64c). 15 47 | Fisk Rubber.... Flelschmn(12%) Foundation (8). FoxFilm A (4). Freeport-Texas. Gabriel Sn (3%) Gardner Motor. . Gen Am Tnk (3) Gen Asphait. . 83% 36k . 1 Gen Asph pf (5) 129% 120% 58% B4 le% 120 110% Gen Cigars «4) Gen Elec (h3). Gen Elec sp (6 11 GenGas A(el13%) 42% Gen Gas pfA(7). 99 Gen Gas (B) 38 Gen Motor($11). 139% 1. Gen Mot deb (8) 104'% 104% Gen Mot p£(7).. 120 120% Gen Outdr Ad(2) 356% 35% Gen Outdr A (4) 5! Gen Ry Sig (15). 86!% !C'a Gimbel Bros. 47 494 Gimbl Br pf (7). 102% 102% Glidden (2)... 19t 1914 Goodrich Ru (4) 43% 434 Goodrich pf (7). 967a 96% Goodyear pt (7). 100 100 Goodyr pr pf(8). 107 Gothm 8 H (2%) 5!‘4 64l Gotham new 21; 641 64'% Gotham pt (7).. 111% 111% Grlnb’ Conusol. . 35% Gre North'pf (B) 80% 80% GtNorOre (1%) 19% 19% Grt Wstn Su (8) ]DB‘ 108% Green Canan. 284% Guantanamo. Gu M & N pf (6) 107% Guif States (8). 68 Hays W pf(7%4). 100 Helm Geo (16%;) Hoe & CoA..... Household (f4). Houston O11. Howe Sound (4). HudsonMan(3% Hud Man pf (5). Hudson Mo(3%) Hup Mot (1.40). Indep OI1 (1)... Tndtan Mot (1%) Indian Refining. IndlanRefg ctfs. Inland 8t (2%). Inspiration (2).. Interbor Rap Tr. Internat Agrl. .. In Ag Cprpf(T) Int Cement (4) Int Com Ring (3) 9% 107% 58% 201 271y 17 pe (7). 96% Tnt Tel . Tel (8) 117% Iron Prod (50c). 80 Jewel Tea...... 45% Jones Bros Tea. Jordan Motor... 14% Kan City South. Kansas & Gulf. Kay -1 l Konneco!t C [{ ) Kraft Cheese. ... Kresze S8(1.3f Kresge Dept 8 Laclede Gas 110 Lago Ol & Tran . .Lambert (3%) Lee Tire& Rub. Lic& M B (16). Lig&Mpf (7).. Lima Loco (4) Liq Carb (3.6 Loew's Ine (13). L 1 Loose W 24 (‘l) . Lorillard (§3)... ¥ Lorfllard pf (7). Loutsiana Ol... LoulsGasA(1.75) 24% MeclIntyre P (1). 24% T4 215 10234 10's AT Mack Trucks (§) 100% Mack T 1st (7).. 109% Macy HR &Co.. 121% Magma Cop (3). 364 Mallison & Co... 15% Manat! Sugar pf 70 Man Bl Sup (§). 50 Man Bim g (D§) 55 Market Street. .. Market St prior. Marland O1l (4). Bbs 45 53% 14 Martin-Pary(2). Mathteson (4).. 20% 8615 Mid Statex Ol et ‘Midland pf (112) 110% 110% Miller Rub (2) 35 34 Missouri Pacifie. 39 Missouri Pac pf. 90% Montana Pow(6) 82 Montgmry W(4) 65% Mothr Lode(780) Mo Plcture(1%) Motor Met(3.69) Motor Whi (2) Murray Body Nash Mot (13).. 55% t Biscuit 164 983 Nat Biscu of (7) 130 Nat Cash R(A)3. 41 it & Bait 19% T% 267 20% 19% 1% 28% NY Atr Brake(3) 42°s NV Canners.... 227 227 NY Central (7).. 1351 135% NY Chi&StL(11) 187 187 NY Dock. 4 344 425 42% NY Rva2d stpd. 142 142 NY Rys part cf 127 13 Norf & W (110). 164 1656 Norf & W pf (4) 83% 83% NAm(10% stk). 49 North Am pf(3). 51 North Pag (5 8% Norwalk Tir A% Omi . 4 Orpheum Cir(2). 31% 33% Otis Elevator () l!l’v 1244 | Otis Steel....... 8% 8 j Otis Stlprior(7) 68 692 Outlet Co (14).. 50 50t { Outlet Copt (7). 105 105 Owens Bot (t4). 83 83 38! 274 107 :\- 3% 107 123 234 ¢ 381 | Pao Ol Stub 1, | Pere Marq (18 ).. 130 130 Y | Pac T & X pf (8) 105 | Packara®(12.90). 4% Pacific Gas Pan-Am B (') .. i r.nAmwnl(i) { Panhandle. nC & | Pa Dlxio Cl(lflc) 39 | Pa Dix Ct pf (7). lM‘m 1004 {Penna RR (3%) 66k 06k 1| Penn-SeabSteel. s '3 Peoples Gas (8). 125 125 . 110 110 » Pere M prior(§). Pere Marq pf (5) Phila Co pf (3).. Pala&RC&I.. Philip Morris. Phillips Pet (I). P'neomx Hostery lerce-Arrow. . 23% I’lm.-&l ot (') wsu WSK Plerce Pierce Oil pf. 84% ]27% ll 1% 44% 9% 38 138% 104% 120% 36% 56% 85 474 102% 19 42% 8% 100 107 63% 68% 111% 80% 19% 106% 26% 9% 107% 58 100 88% 24% 46 56% 40 RQ 83% q27 53145 85% 11% 42% k2l 88 1384 a5 20% 2!" :'i 8 40% 26% 50 210 63% 2% 136% 4 61% % 374 37% B6% 74 116% 80 15 44% % 62% 63 55% 20% 70% 98% s 124% 62 56% “i 64 152 1566 108% 121 364 15 i Tide Water(1%) 27 SHOWS GAIN IN NET EARNINGS| Marked Increases in October and for First| & Ten Months of Year—W. R. & E. ‘Also 'f:l Files Report—Other Financial Notes. BY EDWARD (. STONE. Reports for October and for the first 10 months of the present vear filed with the Public Utilities Commission today by the Potomac Electric Power Co. reveal steady advances in the net income when compared with the same periods last year. Gross net earnings from operation during October amounted to $678,747.88, an increase of $72,493.19 over October., 192G. Operating expenses were heavier than a vear ago, the total being $298,562.80. compared with $280,389.78 for the same month last year. Net income for the month was $235,088.74, compared with $185,076.21, or an increase of $49,962.62. This in- come is also far above September of this year, when the figure was $172,- 519.96, the difference always being ex- pected because of the longer days and cooler weather. For the first 10 months of the pres- ent year the company’s net earnings from operation amounted to $3,568,- 409.39, against $3.162,693.54 for the same period in 1925, or a gain this year of $403,715.81. Net income for the same period totaled $2,080,193.06, —_— 17 17% IZ %% 3881 99 Prod-& Refiners. Pub Serv NJ (2). Pub Serv pf (6. Pullman Co ( Punta Aleg Sug. Pure Oll (12%). Pure Oll pf (8).. Purity Bak (A). Radio Corp ef A. Ray Copper (25 Reading (4) Reading rts. Reading 24 (2). Real Slk Hos.... Reld Ice Cm (3). Reniington Type Replogle Steel. . Rep Ir & 8t1 (4). Reynolds Spngs. Rey Tobac B(8). Robt Rels & Co. 174 33 99 190 17% . 33% 99 187!s 444 2615 lfi7 43% 261 111 @11l 4 56 Safety Cable (¢) St Joseph (12).. StL & SanFr /7) StL&San F pf(6) St L Swn pf (5). Savage Arms Schulte Stor(§8 Beaboard Alr L. Copper. . Shattuck F G2) Shell Union (+2) Shubert The (5) Simmons($2.25). Simmons pf (7). 8imms Pet (1). Sinelair O, Skelly Ofl (3) Sloss Sheff (§). . South Port | ! 127 us | % B 5 1% Sou Dairies A(4) i“ Sou Dairles ... 20% | South Pac (6)... Southern Ry (7) Southern Ry rts South Ry pf (5). Splcer Mfg. . Std Gas & El g3. Std G & El pf(4) Std Mill (6).... Std O1] Cal 12%. Std O NJ t1.12% Stand Of1 NJ rt W oy & 115% ] 3 4l 95% | 6615 ] 52% | £ (5 Submarine Boat. Supertor Oil.... Tenn Copper (1) TexasCo (3).... ;.x.éc‘::rs.ewm ‘ ‘ex Gulf Sul (4) b1l 51 Tex & Pacifle. . . o 49:: Tex&PacC&O 14 14% h' Texas Ld Tr(8). 1127 nz1 1085 was ! Third Avenue... 39 a3 S35 a8% a7 an 90 8% 107% 118% 84 i 4 Ar.la! 42 43 954 ' 95 1621 I 4'&; 11% Bfiu 8 27 90 8014 1084 118% 4 Tide W O1l pt(8) 90 Timken (1) . Transcont Oil. Underwood (4).. Un Bag Paper. Union Carb (6) unofl ). .. Un Pacifie (10) 47 484 fou 54 0 110% 35 334% 94% 38% 20 82 65% 4% 12% 34 19% % £ 9745 130 4% 18% 68% 28 20% 26 42 22% 184 186 34% 42% 142 13 164 W 834§ 48% 16% 32 % Wiekvlrc ctis 17 3% 2 974 ax Qs-n 6314 162 g n'z | T8 112 3l 93 ! 95% 8% e 214% | 107 Un Pacific pf(4). Un Tank Car(5). Utd Cigar 8 (c2) UtdDrg 1st(33) United Fruit (4) 124% UBCIP&F(10) 220% USCIPDL (7). 107 U 8 Distributing 53% U S Hoftn(13%). G58% U 8 Ind Alcohol. UBS Realty (4).. U S Rub 1st USSmelt (3%). U S Steel (7).... U 8 Bteel pt (7). Uni Pic 1st pf(8) Universal Pipe. . Univ Pipe pt (7) Utah Copper (3) Utl PALt A (e2). Vanadium (t4).. Vivadou (3). Vivadou pt (7) 122 214% 107 ¢ bax 05 B!'/. 58 P 9% 10713 38% T4 ‘Wabash pf B Waldorf (1%). Walworth (1)... ‘Ward Baking B. ‘Ward Bak pf (7) ‘Warner Bros Wihfl' (4). est P Po pf (6) vs est P Po pf(7) ‘West Marylend. ‘West Md 2d pf. West Union ®). ‘Westhse A B (7) ‘Westinghse (4). i wmu-cmrl-na WlllYl-Od ot (1) ‘Wilson . son :l“o‘fil'orth (16). lil'& Worthn Pump... 20% Wortn Pump(A) ‘Wortn Pump(B) ‘Wright Aero (1) Wrig Wm (14).. Yale&Towne(} Yellow Tr (750) . Yel Tr&C of (7). Youngstown (4) lourly Sales on N. Y. Market. f1am. 405800 12 m.. 620.900 D, 860,400 2oum. 1,087,800 < ar—no regular o A—Faid thie 7o Pulbh 2% % 4 | attractive age. {1926” will be the attraction at Poli's. WHEAT SELLS LOWER against $1,369,005.89. or an increase for the period of $212,187.17. W. R. & E. Also Files Statement. Operating revenues of the Wash- ington Rallway & Electric Company for October {otaled $403,556.26, ac- cording to the report filled with the commission today. This figure com- pared with $412,786.86 for October, 1925, Operating expenses and taxes for the month amounted to $338,779.64, while in October, 1925, the same item reached $330,852.91. This left an op- erating income for last October of $64,776.61, compared. with $81,933.95 for October a year ago. The com- pany’s net income for the month under review was $22,617.54, compared with $87,228.84 for October, 1925. For the flrst ten months of the present vear the company’'s operating revenues totaled $3.986,856.87, against $3,957,874.85 for the same period in 1925. ' Operating expenses totaled $3,- | 289,504.57, against $3,229,672.87 in| 1925. The operating income, for the ten months of this vear was $697.- :gisfl) compared with $728,201.98 in The net income of the company for this period this year was $989,420.51, compared with the lower figure of $868,870.78 last year. Reports of Suburban Lines. The City & Suburban report, Canada 5s 1931, net income of $9.437.32, with $9,143.50. The total net income for the 10 months this yvear was $44,275.19, com- pared with $4,912.01 last year. The Georgetown & 'Tennallytown showed an October net income of $10,458.34, compared with a deficit last | year of $3,095,41. The 10 months’ net | income was $12,486.65. Bankers Honor Financial Writer. As noted elsewhere in today's Star, I A. Fleming, dean of Washington’s financial writers, entertained in honor of his birthday at his home, 2700 Connecticut avenue, Sunday after- noon. Bankers flocked to his resi- dence (o offer congratulations on his good health and extend best wishes. Among_the guests were many mem: |y bers of the luncheon group of the | District Bankers' Association, who never let “Pop’ pass a birthday without calling on him. Which birth- day was it? vou ask. The 22 candles on Mr. Fleming's birthday cake gave away the secret. Tt certainly is an |y Local Stocks Active Today. Washington Railway and Flectric | preferred led quite active trading on the local Stock Yixchange this fore- noon, nearly 100 shares changing hands during the sesion at 90. Cap- ital Traction opened the week at 1033, on a very small sale and later ad- vanced to 103% on a 10-share transfer. Both type stocks wers out, Mergen- thaler opening at 1051, and olosing lat 106%. while Lanston recorded two transactions at 921;. _Washington Gas Light opened at 7il; for two shares and advanced to 2% for a 40-share turnover. Two hank stocks also appeared on the board, 10 shares of Washington Loan & Trust selling at 477 and five shares of Continental Trust at 95. _ Prices in the bond division were | firm, only three issues figuring in the day’s turnover. | Theater l’lrty This Evening. Washington Chapter, American In- stitute of Banklng. celebrates this evening with its fifth annual theater party when “The Passing Show of Sy T There has been a splendid advance sale !of seats, as the income is used to aid the institute's educational program. Those having the party in charge in addition to T. Hunton Lelth, chapter president, consists of Raymond P. Lochte, chalrman; Harold W. Burn- llde, Miss Winifred Burwell, R, Jesse al B. L. Colton, W. W, Lisso- . Steffe, H. T A A A H. Darneille, eMarco, John T. Fletchall, ‘atherine Krieg. Robert [l Lacey, Miss Mabel V. Royce, A. M. Schiller and Alfred W. Sherman. Collateral Bankers' Profits. Collateral Bankers. Inc., has just announced that the total loan service of the national system for October amounts to $679.644. This compares with $363,968.64 for October, 1925. Operating profits, after deduction of expenges including reserves and cost of credit insurance on loans, were for October, $53.840.25, comparjgfwith $21,367.72, for the same month of 1925, !. & 0. Surplus Advances. Surplus of the Chesapeake and Ohio for October rose to $3,249,695, after charges, from $2,160,225 in October, 1925, and for the 10 months to $28,- 748.752 from $16,614.842 in the same period last year. A A Al A Al A A By [ B B B B S Con Coal Md 1t 5, P IN CHICAGO MARKET 'Fine Weather in Argentina and Heavy Canadian Offerings Causes of Downturn. By the Associated Pres CHICAGO, November of fine harvest weather in Argentina gave wheat values here an early downward swing today. Besides, ad- vices at hand said heavy offerings of Canadian wheat were being made at Liverpool. Chicago initial quotations on wheat, 3; to 1 cent lower, were followed by a slight further drop and 3 to 5 off and subsequently sagging b2 a llttln more. Provisions helfl steady. l ‘. NO FAMINE IN HUNGARY 25— 6 calves, BLD\PEST Novemhor One steer, 4 pigs, master of Vaskur, a small town ln} the western part of the country. Forty bridesmaids and 40 pages conducted the happy couple to the altar. The festivities lasted seven days. ln h ris Faiae To are tl wl o o “,"%.“E :: P re. §Pasable ‘11: o 'u SosFieris ?nu- P m stock. n in the above table | qr*uom b Foars exira or secial divi: NEW YORK. November 29 (#).— The Missouri Pacific is asking bids | on about $13,000,000 of new equipment for 1927 dellver‘l including 46 locomo- tives and 68 passenger and freight cars. Argentine 8s Ja Argenti: Belgium 7s ct. Belglum 74s..... Canada §s 1952. ... Canadn 6%s1929. . ChileTs 1948...... 1 941 Chil Chi 51 | Cxoeho Ss1952ct.. rt, also | Dantsh Muntc8s A. filed today, showed that the line had | Denmark compared | DE 5% Mch 53. {DEIn6%s Nov 52 Dutch East T . Dutch East 1 6 1 Salvador 83 Finland s £ 65 45 Finland 7s. . Netherlands §s 72. Quumhna . Rhinelbe Un 7a. Rio de Jan 85 1948 Rio de Jan 88 47. .. Rio Gr Do Sul AmSmIit &R 1stbs 11 |01 5 104 Barnsdal 8sctfs. . | Nell Ten Pa bs B.. Bkiyn Ed gen 63 % ConGasN Y 6% Consumers Pow § Cuba Cane cv 8s Deaver Gas 5s Det Edison ref Dodge w i Duquesns Lisht s 2 Est Cuba Sux Tis. 29.—Reports | Indiana Stee! Int Mer Marine then something of a rally. Corn and | Laclede G 6% ol!.l also went lower, corn starting | Liggett & Myer: 2 Montana ; | Mor's & Co 1st 4% e = i Southwest Bell SEEKS BIDS 0! GINES. | Bug Est Orient ;U US Rubistsf ,v Received by Private Wire UNITED STATES. (Sales are in $1.000.) Sales. . Low. 3:10. High. 74 10012 100 12 10012 21009 1005 1006 l 17 102 26 102 19 102 19 m 818 100 26 100 23 100 23 Lib IIIKI 86 1017 1014 1014 Zdb 4th 4% e 149 1035 1032 1032 3 10225 16219 10219 16 105 30 108 24 10524 3 10981 109 27 10929 FOREIGN. les. mcn Low. 3:10. 98's 984 97% 9T Lib 3y Libias 18t 1944, USiusis. Octsy J .l'n IOIK lDlK o5 89% 994 3 110% 5 107% s 103% 92% 101% 5 104% 101% 2 101% 18 i 100% 108 108 27% 7% 997 102% 1044 s 106 1043 11 4 104% 9Me. .. inese Gov Ry 106% 97 W 105% 100 3 102% ba 90! 8955 100% F’_’ ‘19'6 108 « 924% 92% s 103% 106% 88y 2915 a 102 i 1018 102 933 4% ks 1313 100'% 1033 T4 103 103 s 1047 1z 13% 103% 102t ksoxico 48 04 asntd. etherlands 6s 84, a0 Paulo Clty Toho Elec Pow 7s.. ‘oklo bs.. .. Otd Kingm §':s 29 Utd Kingm 6% » 7. 104% ‘okohama 6s w i. . 934 MISCELLANEOUS. Jax Rubber®s.... & 105 105 m Agr! Chem 7T%s 8 104 103% m Repub deb€s.. 6 991 v 105 103% mT&T deb 6%s 'm Water Wks 5s. naconda 1st 6x.. . naconde cv db 7s. ndes Cop 78 rets. 107% 107'% rmour&Co 418 rf 92 rmour Del 5%s. . 995 1027 10304 103t 98 973, 1007 1001y 961 95% 10115 101'% 108% 108%- 104'4 104% 161% 158 100 99% 104 -103% 291 103 el Tell Pa 6sC.. oth Steel pm Bs.. oth Steel 5 oth Steel rier H klyn Unfon Chile Copper 62 32. Col Gas & Bi 5. .. Commonwlth T 6s. > 10415 104% f 84 1057 1061 101% 101, 96% 95t 984 ane, 984 1074 107% 95% 9a's 1057 105% 1075 107% 10415 104% 1064 .108 110% 110% 121 120% 4 1024 ‘uha Cane cv 78 P ) 37 s 9Th 99% 9973 109's 108% 102 1023 105% 105% 104 102 122 _100%_100 m- 207101 1007 0 7 105 104 ?l 87 96%, 6102 101% 3 861 86% 1 1038 103% 3 102% 1025 4 115% 115% " 3 98% 98% . 10 108% 108'%5 9 1104 110 1 106% 106% 1 105's 105% o 104 102 122 1004 100 l('otthuycr 1- LoulsvG & E ,n,.—m.—»l—’o'fi»:»l'.\au Pow §8. 98% 108% 110% 106% PacT&T 1 400 | pan-Amer P chickens, 50000 liters of wine, 3,000 | Phila Cort bottles of mineral water and 400 | Plerce-Arrow pounds of cakes were consumed by | Public lorvlu the 600 guests at the wedding of | Pub Serv Franz Kriz, the son of the Burgo- Puvonlu-n Punta Alegre 78. 96 Mr Ofl 8s. lhnhlt Oll 0% i 'ln crndo 97 1007 921 103 7% 105% 1084% Oll in Pipe Lne . 7% 18 m« 105% 6 108'¢ 108 19 107 107 16 95 944 2 106% 106% < 36 100% 106% Drug 95 108% 108% ' 101 "5‘5 StL&SFpr In 88 i mq | Sou Pacifio ref 4s. 104 » no'. INEW HIGH MARKS INLIBERTY BONDS Two Issues Extra Strong in Today’s Trading—Rest of List Irregular. BY GEORGE T. HUGHE Special Dispatch to The Star. W YORK. November 2. —Trad ing fell off and irregularity develope in today's bond market. The strictl highgrade investment issues heli firm with a number of new high rec ords, but second grad tive bonds were the sub deal of selling pressure and many them yielding. The features in the first class were again the United Sta Treasury bonds. two of which, the 4s and the 3%s, sold early in the da higher than ever before. In the railway list Pennsylvania genera mortgage 4.5 had a_run up to par which was the new high record for 1926. Other so-called savings bank bonds hLeld their position well. bur transactions were on a small scale he upward movement in the loca tractions appeared to have met check and quotations were shaded a around without any real weakuess The same condition obtained among the junior r Chicago and East ern illinols &8 sold below S0 and Chi cago Great Western 4s below 69. Si Louis-San Francisco income 6s wers well supported around their best prices, but the same road’s adjustme bonds were harely steady. ' fractional advances in Chicago. Haute and Southwestern issues even these were not a: ctive as las week. International antile M. rine 6s at 95 were up a point from urday’s close, but did not hold all tie gain. Market Street Railway 7s had brief run-up. but New York Stare 6138 were lower. he foreign bonds were firm ger erally. The exception was Chiness Railway 5¢. which sold down to a new low for 1926, The new Yokoha: continued to sell at_a premium an the new Belgian is were siead around their best Announcement by J. P. Morgan « Co. that books on the offering of $120 000,000 in 5 per cent debentures of tiw Standard Oil Co. of New Jersev ha: - been closed was a formal matter scriptions for holders of the pre stock were given the preference allotments and the bonds have bee selling on a when-issued basis at premium of more than a point aho the offering price. Direct to The Star Office ' Sales. High. Low. 3:10 | Utah Pow & Lt 25 97 9T Vertientes Sug 7i 1 98% Warner Sug 7s39.. 6 63% ‘Warner Sug 7s 41.. 20 West Elec Youngstn S& T 20 103% RAILROAD. Atchison ldj Atchison ge! Atlantic C L ol ds. R & Oref b B&O bs 30 B &0 Swhiv bu ofs B&O Toledos. .. Bkiyn Manhat Buff R & Pitt 4%s. Can Nat 4%% 30. Canad North 6% Canad Pac de! ral Pacific 4« . Cent Pac 1st 5s 9 Ches & O ovéY%s Ches & O &n 4%s.. Chi & Alton 3%s. Chi& Alt 3338 ctfs. ChiB & Q gn 4s 53. ChiB&Q ist rf6s. CB&Q-I3% CB& Q-Tll div Chi&BIgnbs....102 Chi Great West 4s. 30 CM&EStP4s25... 15 CM&StP deb 4s cfs. 10 CM&SPcv4iisszofs G CM&StPgn4ls, Chi T Hinc 6% 60. . Chi Un Sta 4% Ch! Unlon Sta Ch1 & W Ind en 4x. C& WT5%s 62 COC&StL 4% CCC& St L 5 CCCSStLrresA. Cleve Term 5% s C&Si1stds2s Co.n & Sou 4% 8. Cuba R R bs. Cuba R R 7%« Cuba N'R 6 66 Del & Hud 1st rr as Dal & Hud cv 61 35. Del & Hud 5%s. Den & Rio G cn 4s. DRIoG West b»... Det Tnited 4% Erle 15t cons 4 Erie een 4n Frie conv 4s A Erle conv 4s B. Frle & Jersey 8 Fla BCBaT4 Gr Trunksfdb 6s Grand Trunk 7s... New Bond Issues Special Dispatch to The Star NEW YORK. November 20.—The largest mew bond offering of the da: was that of $18,000.000 first and re funding mortgage 3 per cent bonds maturing October 1. 1936. of Arkansas Power & Light Co. The bonds are priced at 95% to yield ove: 5.27 per cent and are offered by . banking group made up of Iarris Forbes & Co.. W. C. Langley & C Bonbright & Co.. Inc.. Old Colony Corporation. Tucker, Anthony & Co and John Nickerson & Co. The com pany supplies electric power and light service to a large part of Arkansa and is controlled through ownershij of all its common stock. except direc tors’ shares, by the Electric Power & Light Corporation. whose opera tions are supervised by Electric Bond & Shares Co. An _additional Consolidated Gas & Power Co.. funding 3s, ¢ ed today by Alexander Br ginson & Co.. Jackson & Curtis and Spencer Trasl The bonds mature June 1. 1965, and are priced at 1011z to yield over 4 per cent. Dillon, Read & Co., jon Securities Corporation. Litd.. an nounce the sale of a new issue $2,500,000 Province of Saskatchewan Cannda, 415 per cent debentures (non callable), due December 1, 1 bonds are priced at 9414, to et per_cent White, Weld & Co. Kountze Brothers, and Estabrook & Co offer today $3.000.000 State of Missou 47, per cent bonds. The bonds ma ture $1,500.000 March 1, 1944, and $1,500.000 ) 1945, and are Ml(b'rprlnnA fered at a price to vield 4.10 per cen! Mo Pacific gen 4 are issued f Mo Pac 53 1965. 9 K ic offering Mo Pac 6349 D. sue of $1. Mo Puc 6365 B. 3 per cent improvemen N bonds. The bonds mature July 1 :v:' :)‘I.'vf-,;“',..',‘.f?: 1936, and are being offered by Tialse: NOTex&MG6sB. Stuart & Co., and Eldridge & Co a NY Centdebis. .. par and interest NYCrfim4%s13 NYCentriss N Y Cent deb g NYC & StL db 4s. NYChiaStL sll.u. NYChI&StT, § NYC&StLEsA New Hav deb 43 56 5 { New Hav deb 45 67 9 69% New Havencd 6s.. 5 5% 105% | N Hav&H clt 65 40. NYOntWIut [ NYRys$ '\'vny-u.\u N Y State Ry 4 NYStateRy 6% NY W& Bos4% Nor & S gen Gs 54.. Norfolk & W cn 4s. Northern Pac 3s. .. thern Pac 4s orthern Pacr 1 & Ore & Calif 1st 5a.. Ore Short L rfs 4s. OreShort L en s. . Great North ba. Great North § Gr Nor gen 7 Hocking Val T11-C-C StL&NO 58 Int Rap Tranbs... 130 Tnt Rap Tr 6s stpd.178 Tnt Rap Tran 6 Int Rap TranTs... Tnt & G Nor 1st 83 Tnt& G Norad 6v.. 67 Tnt Rys C A 5= 72.. Int Rep C Am 6s 41 Towa Cent rf 4x Kan City Ft 8 4s Kansas Clty 8 3s... Kansas City S 5a. . Kan City Term 4s. Take Shore 41 28.. | Lake Shore 4s 31.. i Lehigh Valen ds.. Lehigh Val 55 2003 | Lous & N uni 4. L &N 4%n2008. .. Louis & Nash 75 Man Ry 18t sv. | Market 8t 75 40 MIEIRy&LS M&Trf ex bs MStPASSM5s3seta MStP&SSM5%s MStP&SSMé%s 41 MK & T Ist4s. MK&T4sB MK&Tad)s issue of 00061 Electric Light Baltimore first re “F" is being offe including 18 Brown and the Domin B. & 0. INCOME SETS RECORD IN OCTOBER Special Dispateh to The Star BALTIMORE, ) railway operating income of the Bal timore and Ohio Hailroad Co. for Ocic ber showed i ivance of $238,164 totaling $5.655,088. the largest ne revenue from railway operations v |im history. For the 10-month period the Bal more_and Ohio’s operating reventes are $12.184.941 ahead of the corie sponding 10 months in 1 Opera; ing expenses for the period showed a: increase of $4,58 Net revenie from railway operations gained $7 780. Other deductions were $5 less than in 1925. Net railway oper ing income for the 10 months showed a gain of $8,158,157. “MAYDAY”” NEW SOS. Code Word Revealed by Europeau Afr Accident. LONDON, November 27 (#).- airplane accident over the Lnghw Channel when ‘12 persons, includ ing 7 Americans were rescued brought to light 2 new internationa: code word for an S O § as used b machines in the air. 1t is “Mayday,” based upon {French word phrase “M'aidez,” mean ing “Ald we.” The aeroplane wit the 10 passengers, pilot and mechani sent out several “Mayday” flashes which were picked up by radio sta tions. ax well as steamers. GETS ‘TOUCH' OF AMERICA LLONDON )o\ember 27 (®).—Little Princess Elizabeth's first “‘touch” of 98'; | America was a cute, snappy appear 89% ! ing teddy bear presented to her by the 3% | children of Ilford. The 6-month-old princess, who fourth lady in the land, clasped the 119'3 | teddy bear in her chubl rms at the &7 | very first sight and gave it a good 103 | bug. The teddy bear, however, stands 654 | second in the princess’ choice of to: 61% | her favorite being an odd wooden ye! 90 | low and red duckling given by her 99 | uncle, the Prince of Wales. 4% . Union Pac 1-!:: l: Ulon Pag 477,10 ol PRICES ON BOURSE. PARIS. Novembe Union Pac 4s 27 |DI‘- were heavy on the Bourse toda: |nr E 4 102% 10 Three per cent rentes. 30 francs i centimes. Fixchange on London, 130 francs centimes. Five per cent loan, 36 france 83 centimes. The dol : lar was quoted at 26 francs 97 cem . PCC&StL5sBT5 Port R L & P b5 42. Por RL&EP 8547 Reading gen ¢ Reading JC 9% 934 By 100 1028 | 991 94% 87 9% 3% 81% 96%, %% St LIM&S 48 29. St L IM&S R&G 4 StL&SFE%sD.. StL&SFadj 62 StL&SFinc [StLS W ist 4 i Seaboard A T, Seal A Liref 4 Seab A L ad| Seab A L con Seab All Fla iy Sou Pac 4s 29 Sou Pacific elt 4 jouthern Ry gen is | Term Asso ! L TexArk FS 57 Third Ave ref Tol Tr L&P l%l 30 20 Prices 103 103% | 11‘1 l‘ %! West Maryland Waestern Pacificly. 8 Wilkea & E 1st be.. 16