Evening Star Newspaper, December 3, 1926, Page 10

FIN WALL STREET LIST MAKES NEW GAINS Rail Shares Ignore Wage In- crease—Industrials Are Day’s Leaders. ~ 10 * BY STUART P. WEST. ®pecial Dispawh to The Star. NEW YORK, December 3.—Rail- way shares were not affected in the stock market today by the $15,000,000 rise in wages granted by the arbi- trators under the new railroad act. This news had reached Wall Street just before the close of business Thursday. It 8id not affect prices then but the question was whether it had proper opportunity to do so. The railway share market accord- ingly watched with considerable interest as business began today. Not only did the rail shares hold, but a numper of them advanced. The Van Sweringen stocks, Chesapeake and Ohio and the Erles were Very strong, Erie first preferred selling well up to *he highest of the vear. Atchison, New York Central, Reading and St. Touis-San Francisco were all higher. The announcement had no effect, partly because the railroads had been expecting an increase for the last year and had been getting ready for it, but more largely be- cause the increase, distributed over 15 of the Eastern roads, was too small to be of consequence; it was less than half of what the brother- hood had asked fo In the industrial section prices continued to work higher. The ad- were for the most part mod- and they were accomplished any rush of buying like that and November, 1925, but vather by a demand which followed up steadily, but, on the whole, slowly. Baldwin Locomotive, selling ex the semi-annual dividend of 3% per cent, was quick to make up the de- duction. Other equipment shares were firm—American Car and Foun- dry, Pullman and Westinghouse Air- brake. United States Steel crossed 130 on good sized transacticns, and \mong the independents Crucible Steel was a strong feature. Internatios Harvester made a new high for 19%6. The rise in this gtock along with the firmness of the fertilizer shares was an indication that the Wall Street market had ad- justed itself to the low cotton prices and the uncertainties of the agricul- tural outlook in other directions. MARKET CLOSES FIRM. General Motors Leads Trading Final Hour. By the Associated Press. NEW YORK, December 3.—The closing fi A diversion of buying operati into the high- pric motor shares in the late trading resulted in a 3-point advance in General N aron aibo and several leading food Interborough Rapid Transit Total sales approximated hares. Mz Stocks. was heav 1.700,000 New Bond Issues NEW YORK, December 3 (Special). —The most important new offering to- day was that of $50,000,000 Standard Oil Co. of New York 41 per cent de- bentures due December 15, 1951. The sonds are being offered by Dillon, Read & (o, the Guaranty Co. of New York and the Union Trust Co. of Pitts- burgh at 97% to vield over 4.65 per t. The proceeds from this financ- will be used for expansion of pro- ing properties, manufacturing plants, marketing facilities and ma- rine equipment, and to reimburse the treasury of the company for capital expenditures already made for such purposes. inking group comprising the al Bank of Boston, Blodg- Rutter & Co., and_ Albert announce the sale of a 995.000 New York, New 415 per cent certificates, The bonds & Co. ue of §- Haven and He equipment trust dated December 1, mature in semiannual installments, $167,000 each June 1 and $166,000 each December 1, to include Decem- X and R on & Co. are offering a new 100,000 City of Los Angeles 15 per cent honds maturing se- rially. August 1, 1927 to 1954, at prices to vield from 4.10 to 4.50 per cent. . THREE CH|EF FACTORS IN TODAY’S FINANCE | Dispatch to The Star | W YORK, December 3.—In the| financial situation today the chief oc currences were the rise in French | ancs to a new high record for 19 further decline in cotton which c: 1it to the lowest of the year, an ir lar tut generally strong stock | market, and a renewal of buying in sections of the bond list following the <uccessful flotation of the $50,000,000 Standard Oil of New York loan. Wall Street was impressed with the - the railway stock market stood n face of the news of 1se in wages cove Eastern roads tford, d H. NEW YORK EGG PRICES. W YORK. December 3 (A firm - a66; nearby pullets, t whites, extras ex- Pacific coast extra fir: 611526315, | 7 | RAILROADS AFTER CARS. NEW YORK, December 3 (#).— The Baltimore and Ohio Railroad is in the market for 3.000 freight cars and | the Atchison, Topeka and Santa Fe # inquiring’ for the same amount. —e BACK DIVIDENDS VOTED. NEW YORK, December 3 (®).— Wheeling Steel Corporation declared back dividends of 60 cents a share on the preferred A and 75 cents on the preferred B in addition to regular quarteriy dividends of §2 on the A 0 on the B, all payable Jan- POTATO MARKET. CHICAGO. ember 3 (P).—Pota- toes—Recelp on track, 294: total United tes shipments, 549 cars: trading, very slow; market, dull and weak; Wisconsin sacked round whites, occasional ~hade. 2.35; poor, 2.10a2.25; sacked round whites. 2.154 2.00; Idaho sacked ru L occasional fancy, higher. e ‘There are about 160 different spe- | Am Car&Fay (6) 103 ANCIAL." THE EVENING STAR, WASHINGTON, D. C., NEW YORK STOCK EXCHANGE Open. High. Low. Abt&Stras 7%pt 110% 110% Adv Rumley.... 10% 10% Ad Rumley »t(3 35 35 Ahumada(t60c). 4% 5% Afr Reductn(16) 140% 141% | Ajax Rubber.... 8 8 Alaska Junea... 1% 1% - Allied Chem (4). 143 143% Allis Chalm (6). 87% 87% Amal Leather.., 18 184 Amerada (2).... 29% 29% Am Agricul Chm 13% Am Aer{ Ch pf.. 45% Am Bk Note (3). 44% Am Beet Sugar. 267 Am Beet Sug pf. Am Bosch. ... Am Br Bov BI Am Br Bo pf (7) Am Ca 17 . 52% 53% 127% 127% 103 Am C& Fpf (7) 126% 126% Am Chain A (2). 25% 25% AmChic pr pf(7) 88~ 88 m Drug.,..... 10 10 Am Express (6). 131% 131% Am & For Pow.. 17% 18% Am & FoPpf(7) 85% 86% Am Hide& Lea. 9 9 AmHo P (240). 28% 29% Am Internatl 39% 39% AmLaFr(1)... 11% 11% Am Linseed..... 31% 31% Am Locomot (8) 109 109 Am Metals (4),. 45% 46 Am Piano pf () 104 104 Am Po&Lt (g1). 614 61% Am Radiator(5). 110% 111% Am Safety R (3) 60% 60% Am Smelting (8) 134% }36% AmSnuff pf (6). 97 97 Am St Fdys (3) 44 44% Am Sugar (5)... 83% 83% Am Sugar pf (7) 108 108 Am Sumatra.... 41% 42% Am Tel & Tel(9) 149% 149% Am Tobacco (8). 120% 121 Am Tobac B (8) 119% 119% Am Tobac pf (8) 110% 111% Am Wa Woc1.20 60% 61% Am Woolen. 32% 33% Am Wool pf (7). Am Writ Pa pf.. Am Zine. . . Am Zinc pf Anaconda (3)... Armour of TII(A: Armour of TII(B) Armour Ti pf(7) Arnold Cons&Co Artloom (3).. Art Metal (1)... 2 Asso Dry G(2%) 42% 42% Atchison (7).... 156% 157% Atchison pf (5). 100% 100% AtIBIrm&At.. % % Atlant C L (+10) 205% 205% AtlCoastLirts.. 16% 16% Al Gulf & WI.. 39% 39% Atlantic Refine 111% 112% Atlas Powdr(5) 63% 63% Atlas Pow pf (6) 947 94% Austin-Nichols. 9 9 % % Anto Knitter. 8 8 43% 44% Auto Sales b Auto Sales pf(3) 157% 162% 106 107 Baldwin L (7) Balto & Ohlo Balto & Oh pf(4) 72% 72% Bang & Ar (3).. 43% 43% nsdall A (2). 28l 28% % Y R Barnsdall B (2). Bayvuk Clrar., Belding Bros(3) Rethlehem Steel Reth St pf (7).. 108% 103% Rloominedal 37% Blmingdle pf(7) 109% 109% Booth Fisherles. 7% % Briggs Mfg (3). 25% 25% RkInEdison (8). 1581 158% Blkn-Mn Tr (4). 724 72% Bk-Man T pf(6) £8% €84 Bkin Un G(111). 95% 96% Brunswick Balk. 35% 35% Brunswick Ter.. 16 16% Burns Br B (2). 30 30 Burroughs (t4). 121% 121% Bush Ter de (7). 91% 91% Butte Cop (50¢). 4% 47 Butte&Super(2). 12% Butterick (2). Ryer & Co. By-Products (2) Calif Packe(4) Calif Petrol(2) Calumet & Ar( Can Dry (e2%). Can Pacific (10). 163% Case Threshing. 155% Central Alloy(2) 304 Cent Lea pf ctfs. 53 Century Rib M.. 12% Cerro De P (4).. 62% Certain-Teed (4) 4;1?4. lg!a Chand-Cle pf 28% 24% Ches & Oh (112). 161% 164% Chi& Altonpf.. T% Tl Chi Gr West pf.. 25 25 Chi MII&StP.... 9 g Chi MUI&StP pf. 19% 19% CM&StPefs.... 9% 9% C M&StP pfefs. 19% 1 Chi & Nwn (4).. 774 77% Chi RI&Pac... 68% 68% CRI&PpL(8). 97% 97T% CRI&PDf (7). 107 Childs ($2.40)... 49 Chile Cop (2%) . 4 Christie B (1.20) Chrysler Corp(3' 87% 38 Chrysler pfA(8) 103 103 Coca-Cola (7)... 168% 169% Cluett Peab (5). 61 €1 Collins & Atk(4). "661%6 57% Collins&Alk pf 7 1131 112% Col Fuel & Iron. 43% 44% ColGas & El (5) 89% 90 Col Gasnew (5). 90 90 Col G&E pf A(6) 101% 1014% TolG & Epf (1) 11T% 1174 Col Carbon (4).. 68% 68% Com Credit (1).. 18% 18% Com Crpf B (2) 22 22 Com Cr 1st(6%) 87 87 Com Inv (3.60).. 62% 62% 25 53 29 467 1 5. 38% 89% 103 168Y% 61 5614 113% 434 8914 897 101% 117% 6816 18% | Com InTr pf 6% 941 94k Com Solv B (8). 227% 231% Congoleum-N.. .21 21 Congress Cgr (3; 05 Con Cigars (7).. &6 Consol Distribut 1% Consol Gas (6).. 111% 11 ConRRCuba pt6 704 707 Consol Textll 4 A Cont Bakg A 55% 86 15 0% 71 o 9% 91% o1% T4% TH% 135% 135% Cont Mot (80¢).. 5 Corn Prod(12%) 507 Coty, Inc (16)... 60% 60 Crucible St (5). T8% Cuba Cane Sugat Cuba Cane Su pf Co (4 . ul Cuban-Dom Sug. Cudahy (new).. Cushman's (8).. Cuyamel Fruit vison Chem De! & Hud (9).. 172 Del L & Wn (17) 145 DRG Wstpf... 43 Detroit Ed (8) Detroit Ed rts Devoe&Ra(2.40), 39% Dodge Bros ClA 23% Dodge pf (7).... 81% Dome Mines (2). Du Pont (112).. 164% 167 Dupont deb (8). 1077 107% Dugquesne pf (7) 1154 115% Eastman (18)... 121% 121% Eaton Axle (2).. 28% 24 Bisenlohr & Bro. 12% 124 Electric Boat... 10 10% Elec Power & Lt 177 18% Elec P& Lpf(7) 96% 86% Elec Refrig (c2) 34% Elec Sto Bat(+6) 837% End-John (5). Engineers Pub Engnrs PS pf(7) ErteRR G 164 107% 115% 121% 237% Erie 2d pf. Erie Stm S(2%) Eureka Vac (4). Famous P1 (J8). 116% 116% FedLight(*1.40) 424 424 Fed Min & Smelt 81 Fed Min pf (7).. 71% 72 Fed Mot T(f80c) 24! 244 First Nat S(1%) "29% ?_l’lh 1 61% 61% 115% 41% 81 1% 24% 29% 1'% cies of persimmon. hut only two Are iound 48 the Uniied Siates Fisk Rubber.... 174 0. Fieischmn(t238) 0 a0 % 140% 8 lose. 110% 10% 34 5% 1% 142% 87% 18% | Foundation (8). Fox Film A (4). Frank-S pf (7) Freeport-Texas. Gabriel Sn (3%) Gardner Motor.. Gen Am Tnk (3) Gen ATC pf (7). Gen Asphalt. Gen Cigars \4) % | Gen Cig deb (7). 100'% % 205 161 B8R 112% 6: 4 94% 9 8 44% 162 1057 72% 55 86 1% 111% 0% 3% 69% 9% 4 | Omnibus pf (8) 18% 52% 4|t .., | Gen Elec (h3)... Gen Elec sp (60c i | Gen Gas A(e1%) Gen Motor(11).. Gen Mot pf(7).. Gen Outdr Ad(2) Gen Ry Sig 154 . Gold Dust...... Goodrich Ru (4) Goodrich pf (7). Goodyear pt (7). Goodyr pr pf(8). Gothm S H (234) Gotham new 2% Fotham of (7).. Gould Coupler A Granby Consol Grt North pf (5) Gt Nor Ore (1%) Grt Wstn Su (8) Gre'n Canan Guantanamo Gulf Mo & Nor Hartman A (2). . Haves Whit31) Helme G W (7) Homestake (+7) Household (t4). Honston O Howe Sound (4). HudsonMan (2% Hudson Mo(315) Hup Mot (1.40). T11 Cent pf (6).. Tndep O11 (1)... Tndian' Refining. Tnepiration (2). Tnterbor Rap Tr. Intcont] Rub(1) ™" A= Cpropf(7) Int Bus Ma 1314, ‘nt Cement (4). nt Cement pf(7) nt Com Eng (2) Tnt Harvsir(@).. Inter Har pf (7) 'ntMtch pf(3.20) nt Mer Mar pf.. Tnt Nickel (2).. ‘nt Paper (2)... Int Ry,Cent Am. nt Tel & Tel (8) Intertype (t1%) Tewel Tea...... Tones Bros Tea. Tordan Motor... an City South. Keisey Whi (8). Kennecott C (5). Keystone T & R. Wresze S8(1.20). Kresze Dept S.. Laclede Gas t10. Lago O11 & Tram. Tambert (3%).. T.en Tire& Rub., ! Lehich Val (#5) Leh&Fink stf(3) Tife Savrs(1.60) L1z & M pf (7). Tuiq Carb (3.60). Loew’s Inc (13). T.00se Wiles. ..., Lorillard (§2). Lorillard pf (7)." T.ouisiana Ofl... T.onisGasA (1.75) Ludlum Steel (2} McCrory B 11.60 Mack Trucks (6) Magma Cop (3). Man El Sup (5). Man El m g (D5) Man Shirt (1%). Maracatho Of1.. Market St prior. Marland Of1 (4) Marland Ofl rts. Marlin Rock (2). Mathieson (4). . May Dept St (8). Maytag Co (2).. MetroG pf(1.89) Mexlean Seabd. . Mtami Cop (1). M1A-Continent. Mid-Cont pf (7). Middle States. .. M1 States O et Miller Rub (2).. Mis Kan & Tex. . MoK & T pf (6). Mis<our] Pacifie. Missouri Pac pf. Vantana Pow (5) Montgmry W (4) Moon Mot (1%). Mathr Loda(75¢) Motion Ple (1).. Motor Met(3.60) Motor Whi (2).. | Munsinewr (3). Murray Body ctf Nash Mot ($3). . Nat Biscuit 51 Nat Cash R(A)3 Nat Cloak & Sult Nat Dairy (3)... Nat Distillers. Nat Lead (8)... Nat Tead pf (7). Nat Pw&Lt(80c) Nat Fy Mex 1st. Nat Supply (16). Nat Sup pf (7) ada C (134). Air Brake(2) N Y Canners. ... NY Central (7).. NY Chi&StL(11) NY NH & Hart.. NY On & West. . | NY Rys part cfs | Niag F pf (1%). | Norfolk South. " Norf & W (+10). | NAm(10% stk). NorAm Ed pt(7) | North Pac (5)... | Norwalk Tire | Omnibus. ... | Orpheum Cir(2). Otis Elevator (8} Otis Steel...... Outlet Co (+4).. Outlet Co pf (7). | Owens Bot (+4). | Pac O Stubs. .. Packard (12.90). ! Paige Mot (1.30). | Pan.Am (6). ... | Pan-Am B (8). . | Pan.AmWnB(2). % | panhandle. 274 172 144% 42% 134 Sk 39t 6% 24% €0 i | Park & Tilford | Park Utah (60c). | Pathe Ex (c3). | Peerless Mot. ... | Penick&Ford (1) | Pa Dixie Ct(80¢c) | Pa Dix Ct pf (7). Penna RR (3%) Penn-Seab Steel. | Peoples Gas (8 { Pere Mara (18). |Phila&RC&L | Philip Morris Phillips Pet (3). Phoenix Hoslery _ | Plerce-Arrow... Pierce-Ar pf (8). Plerce Perolm... { Pitts Coal. | Pltts Coel pf.... Porto Rico Tob.. | Postum (5)..... Pressed St Prod-& Refiner: | Pub Serv pf (6). | Puliman Co (8). | Punta Aleg Sug. | Pure OIl (123). Purity Bak (B). Raaio Corp of A. Ray Copper(26¢) Reading (4, 4 Reading 1st(2). Pub Serv NJ (2). Received by Private Wire Direct to The Star Office . High. bl4 14 Blh 3% 2% 3% 1 T311% 117% 15% 16% 89 32 127% 8% 51% 105 = 83 - 1% 35 10% 63% 637% 334% 1664 24% 6% 6 112% 112% 112% | 108 36 - 30! 4% 107 88% 55 22% 25 14 15% 31% 102% % % 4% 16% 89 321 127% R 52% 105 83 14 85% 10% 633, 64% 34% % 125% Low. 108 34% 30% 8% 47 107 86% 38% 47 20% 122% 137% 221 25 T 15% 31% 102 % 125 Close 108 35% 80% 8% LESS AMERICAN CAPITAL NOW FLOWING INTO FOREIGN MARTS A check in the flow of American capital abroad was noted during No- vember in Commerce Department compilations of security sales, made public today. Foreign bonds sold in the United States had a total par value of but $70,908,000. This compared with similar_sales of $195,685,000 in Octo ber and $145,690,000 in July. For the year, including November, issues of foreign securities floated" in the United States have had a par value of $1,181,763,600. Local Securities Hold Firm. Prices held firm on the local Stock fixchange today in fairly broad trad- ing. Washington Gas Light stock was in good demand, 40 shares selling at 72. Potomac Railway and Electric preferred came out at 108, while Washington Railway and Electric preferred sold to the extent of 55 shares at 99%. The recently listed Federal-American Co. common sold at 32%, and 10 shares of Dstrict National Bank stock brought 227. Bond prices were little changed. Georgetown Gas 5s sold at 98% and Washington Gas 5s at 10012. Railway and Electric 4s brought 83%. The final bond sale was in Washington Gas 6s at 104, Richmond Ratio Jumps. A striking indication of the de- creased need for Federal Reserve cred- it in the local fifth district was a de- cline of $6,702,000 in rediscounts at the Richmond bank during the week ended December 1. Bills discounted totaled only $29,205,000, against $35,- 907,000 the week before. As a result, the cash ratio spurted e Reading 2d (2). 42% 42% 42% 42% Real Slk Hos.... 41% 42% 41% Refd IceCm (3). 42% 42% 42% Remington Type 118% Replogle Steel. . 11% Rep Ir & 8St1 (4). Rep 1& S pf (7). Reynolds Spngs. Rey Tobac B(6). Robt Rets & Co.. Royal D (a3.078) Rutland pf..... Safety Cable (4) St Joseph (12).. StL & SanFr (1) StL&San F pf(6) %'| St L Southwest. 61% % b55% 19% 174% 21% 69 6% 96% 4% 21 127% 54 467% 614 154% 31% 117% 15! 24 24% 8 100% 3614 49% 56 1% 28 R5Y, 1397% 22% 25 "8 15% 31% | 1021 | % 35 34% 95% 28% 89% 83 66Y% 23% 14 28% 3% 157% 49% 961, 5% 125% 43% 42% 43 39 55% 37 55 38% 65% 43% 437% 43% 24% 23% 24 110% 110% 110% k, % " 17% 3% % 17% 99 99 99 1887 187% 188 & 44% 444 4% 27% 27% 27% 434 43y% 43% 101% 101% 101% Purity Bak pf(7) 101% 57% 16% 89% 19% 10% 58% 16% 1% 19% 10% 57% 16% 89% 19% 0% 5% 16% 904 19% 40% Savage Arms. .. | Schulte Stor(§8) Sears-R (n 214). Seneca Copper. . | Shattuck F G(2) i ShellT&Ta2.17% { Shell Union (+2) Shell Un pt (6). Shubert The (5) Stmmons (12.25). Stmms Pet (1).. SinclairOfl..... Sinclair pf (8). 96% 127 431 161% 106% 117 i % 13 21% B5% 56% | South Port 8 (8) South Pac (8)... | Southern Ry (7) Southern Ry rts Spear & Co..... Spicer Mfg..... | StaGas & Elg3. | Std G & Bl pf(4) | Sta 011 Cal t2%. 1Std O NJ t1.12% i Stand Ofl NJ rts. 1 Std Ofl NJ pf(7) | Sterling Prd(16) | Stewart War (6) Stromberg (6). . tudebaker (8).. ubmarine Boat. |Sunon (... Superior Oil. | Symington. { Telautogra (60c) ‘Tenn Copper (1) { Texas Co (8).... l Texas Co new(3) | Tex Guif Sul (4) Tex & Pacific... b50% Tex&PacC&O 15% Texas Ld Tr(8).1100 11 | The Fair (2.40).. 28 { Third Avenue... 37% | Tide Water(1%) 28% Tide W O1l pf(5) 89% | Timken (15).... 780 i Tobac Prod (7). 110 { Tob Prod A (7). -115% | TranscontOfl... 3% Underwood (4).. Un Bag& Paper. Union Carb (6).. Unotl (2)...... Un Pacific (10).. Un Pacific pf(4). Un Tank Car(5). Utd Cigar 8 (c2) Utd Drug (8)... UtdDrg 1st(33%) United Frult (4) USCIP&F(10) U S Distributing U S Hoftn(+3%). U S Ind Alcohol. U S Ind Al p£(7) | US Realty (4)... { U'S Rubber. . U S Rub 18t (3). U S Smelt (3%). U SSmopf (3%). U SSteel (7).... U S Steel pf (7). Universal Pipe. . | Univ Pive pf (7) 1 Utl PELt A (e2). | vick Chemicat. . | va-Caro Chem. . | va-CarCh 6% pt Va-Car Ch pf(7) Va Ir C&C pf(5) vivadou (3).... vivadou pt (.. Vulcan Detin. .. 56% 50% 15% 14% 14% 40 1100 1140 28 28 8 37% 28% 90 8014 110% 116% 37% 110 115% 4 48% 79% 117% 98% 163 58% ot AGS). waldorf (1%). Walworth (1). | ward Baking B. | Warner Bros. ... Warren Bros (4) Weber (4) ..... ‘West Maryland. West Md 2d pf. . West Pac pf (6). West Union (8). Westhse A B (7) “"’""‘Ei" ). Weston Elec. Wheel & L Erle Wheel & LE pf. White Eagle (2) White Mot (4). . White Rock (12) ‘White SM pf(4). Wickwire ctfs. . | willys-Overland Wabash Wabash 12 21% 11s0n & CO Wilson pf (3% ‘Woolworth (16). Worthn Pump. .. Wortn Pump(B) Wright Aero (1) yale&Towne(t6) Yellow Tr (76¢). 28 Youngstown (4) 5% Hourly Sales ori N. Y. Market. m. 567.700 12 n.. 869.100 X::m. 1,074,300 2p.m. 1,328,500 I8 year—no, ar rate. * Epe e S M . -Plus in s L. ned. 233616, in cash or -siock. % in stock. 0, share in stock. 1°r‘share in special stock. % in sto stoc 1740 of a share quarterly in table ‘ments 1Y Vearly deciarations. extra or ‘special divi: rtly extra. §Payabl us 4 in_stock TPius 3% 0 stock. s “annual cash, 2 D dariery ‘o ot inclu eAFartly Hoek. in_common’ stock. I bie I 1% ‘Guarier 347 | to 76.43 from 70.57 per cent, and was higher than the ratio of the system as a whole, which stood at 72.2 per cent. ¥ At the same time that discounts at Richmond were deciining sharply ‘the volume for the 12 banks combined in- creased $17,972,000 to $645.476,000. Bills bought in the open market also increased $27,534,000. New Coal Issue Out Today. A new issue of $1,350,000 West Vir- ginia Southern Coal Co. first mort- gage and leasehold gold bonds, 7 per cent series, due 1947, is being offered bby a syndicate headed by John Nick- erson & Co. and A. L. Chambers & Co., Inc. The bonds are priced at 99, to yield about 7.10 per cent, and carry detachable stock purchase warrants entitling holders to purchase common stock (no par value) at $20 per share at any time on or before January 1, 1947, except as otherwise provided in the mortgage, at the rate of 20 shares of stock for each $1,000 principal amount of the bonds. The company is being formed to acquire the assets of nine coal mining and selling prop- erties in the non-union fields of West Virginia. The next meeting of Baltimore and Ohio directors will be held on Decem- ber 15, instead of the last Wednesday of the month, December 29, the usual time of the dividend meeting. The question as to whether the next quar- terly dividend will be raised to a 7 per cent basis probably will be settled at that time. As only a few \n in which the company | ma; se its rights to subsaribe to Reading coal stock, a decision as to what disposition will be made of the rights may alsh be decided on that occasion. Baltimore and Ohio can either ex- ercise the rights by making a cash payment by January 1 and decide in the following six months what it will do with the coal stock, or dispose of the rights outright in the meantime. Cageless Counters Popular. Bankers from many parts of the country continue to come to Wash- ington to inspect the new ‘‘cageless counters” inaugurated by the Federal- American National Bank. Similar counters, according to President John Poole of the institution, have been installed by two banks in Louisville, two in_Knoxville, and banks in Toledo, Hartford and New Britain, Conn.; Philadelphia, _Pittsburgh, Fredericksburg, Va.; Orlando, Fla.; Chattanooga, Tenn., and many others are understood to have the new type under consideration. Central Savings Bank announced today that it would be open in the future until 5:15 p.m. The transfer of Christmas savings accounts to regular savings accounts in the bank were said to have been in excess of | 25 per cent. i Personal Mention. | Norman E. Towson, manager of the foreign exchange department of the { Washington Loan & Trust Co., will jaddress the class in banking funda- mentals of the Washington chapter, American Institute of Banking, this evening. John M. Riordan, cashier of the Bank of Commerce and Savings, has returned from a trip to the Philadel- phia exposition. Clarence F. Norment, chairman of the board of directors of the National Bank of Washington, has returned jafter a visit to Atlantic City. George 8. Sloan, assistant cashier {of the Federal Reserve Bank of Rich- mond, is a visitor among local banks | today. Other Financial Notes. i Moody's weekly review of financial Icnndilions during the next month or two the yvear end disbursements may have a dominating influence on the security markets. “We may {roughly estimate or rather suppose {that the disbursements, plus savings, may amount for this month and next {to about $2,113,000,000.”" | S. W. Strauss & Co. report a No- vember sales increase throughout the | entire country of 22.8 per cent over { November, 1 the best previous }.\'n\‘ember in company’s history. | BALTIMORE, December 3 (Special). j—Potatoes, 100 pounds, 1.25a3.00; | sweet potatoes, barrel, 2. ¥ { barrel, 2.00a3.00; bushel, 35a1.80; beans, { bushel, 2.50a3.50; beets, 100, 3.00a4.0 | Brussels sprouts, quart, 10a18; broc- coli, bushel, 40a50; cabbage, 5.00; caulifiower, crate, 1. : i cumbers, crate, 3.50a5.5 , 100, {3.00a5.00; celery, crate, 1.50a2.50; kale, { bushel, 35a40; lettuce, basket, 75a1.50; onions, 100 pounds, 1.5 | plants, 100, 5.00a7.00 2.50a4.50; parsnips, basket, 35a40; peas, crate, 3. 3.00210.00; Savoy cabbage, bushel, 30a35; spinach, bushel, 40a75; squash, crate, 2.50a3.50; i tomatoes, crate, 4.0026.00; turnips, baskets, 20a30. | Apples, barrel, 1.0024.00; bushel, 35a 1.25; cranberries, box, 2.50a4.50; grapes, basket, 12;\ ; box, 2.50a3.50; oranges, .50. Grain and Hay Prices. Wheat—No. 2 red Winter, domesti spot, 1.48%; No. 2 red Winter, gar- lcky, spot, 1.39%. Bag lots of nearby, 1.231.82. Corn—Domestic, No. 2 yellow, spot, export, no quotations; spot, export, no quotations. 5a3.20 per barrel. corn, new, 3.15: N , new, 55 per bushel; at wharves, 8 Cob No. 3, 51. Rye—Bag lots of nearby, 85295 per bushel. X Hay—Receipts, 43 tons; preference lin hay is shown for the heavy clover mixed sort, of which the receipts are light. Strictly No. 1 clover hay, if here, would sell to advantage. Of tim- othy hay the supply is ample, with good grades of the latter selling with- in range of 21.00 per ton. Ynferior, low-grade stuff is dull and irregular. Quotations_today, per ton—No. 1 timothy, 24.50a25.00; No. 2 timothy, 23.50a24.00; No. 3 timothy, 21.00a22.00; No. 1 light clover mixed, 25.50226.00; No. 2 Jight clover mixed, 25.50a26.01 No. 2 light clover mixed, 23.00a24.0 No. 1 clover mixed, 25.00a2: glover, 27.00. Straw—No. 1 wheat, 13.00a13.50 per ton; No. 1 oat, 14.00a15.00 per ton. Dairy Products. ~ -Live poultry—Turkeys, pound, 40a 43; old, 36a38; poor and crooked breasts, 25. Spring chickens, 23a24; Leghorns, 20a21: poor and thin, 16a 17; old hens, 20a24; Leghorns, 16al7. 1013 roosters, 15a16: ducks, 23a26; poor and thin, 17a18. _Geese, 20a25; guinea fowls, each, 50a75; pigeons, pair, 30a 35. Dressed poultry—Turkeys, pound, 40a45; old Toms, 36a38; poor and crook- ed breasts, 25; chickens, 24a26. Roost- ers, 15a16; ducks, 25a28; geese, 20a27. Eggs—Receipts, 2,130 cases; native and nearby firsts in free cases, 54a55. Butter —Good to fancy creamery, pound, 49a54; prints, 54a56; blocks, 53a. 55; ladles, 30; rolls, 23a28; store packed, 23a24. Process butter, 36a37; dairy prints, 23a28. —_————— An individual's weight is a little greater at the polar rggions than at lother pasts o the cax Wi FRIDAY, DECEMBER 3. Commerce Department Reports on Nof-} vember Security Sales—Other Financial Notes. | 1926. ON NEW YORK FINANCIAL. ONDS o ] Received by Private Wire Direct to The Star Office. (*) This table carries quotations received up to 3:16 p.m. A com- plete table will be published in the 5:30 Edition. UNITED STATES. (Sales are in $1900.) Sales. High. Low. 3:10. Lib3¥ks... 27 100 13 10013 Lib 1st4%s 30 10219 Lib 24 4%s. 223 100 23 Lib 2d 4%s. 125 Lib 102 20 105 25 109 27 FOREIGN. Sales. High. Low. 3:10. JuB9 4 984% 9T% 98Y Argentine 6s Oct69 5 97% 97% 97% Argenti A.... 24 98 Argentine 6s B.... 97% 100% 967% 101% 96 100% 90% 954 99% 99% 110% 1013 10231 102 18 105 20 109 21 102 31 102 20 105 25 109 27 Argentine 944 103% Canada 6s 1952. 2 104% Canada 5%s1929. . Chile 7s 1948 Chile Re 1041, Chile 8s 1946. Chinese Gov Ry 5 Con Pow Japan “onenhazen 5% Cuba 5%s.... Czecho 7%s rcts, Czecho 85 1951. ... Czecho 88 1952 ot. . Danish Muuic 8s A Denmark 8 Dutch East T 6s 62. El Salvador 8s 48. Rinland s £ 6 45.. Finland 7s.. . Framerioan 7%s. French 7s. French 7% French 8s 131 German FI P 6%s. 4 102% 104% 104% 104% 34 61 Italy 7s... Japanese 4 Japanese 6%, Lyon 6s. Marsetlle \exico 4s 04 Mexico 45 10 asntd Mexico 5sassente 9 MontevideoTs..... 8 Netherlands 6s 54. 3 Netherlands 6s 72. Norway 6s 1943... Norway 6s 194 Norway 65 1952... Orient Dev deb 6s. Paris-Ly-Med 6s Paris-Ly-Med 7 Paris Orleans 7s Poland 8s. Porto Alegre fs. Prague 7%s.... Queensland 6s. Rhinelbe Un 7s.... Rio de Jan 8s 1946. Rio de Jan 8s 47... Rio Gr Do Sul 8s. i 104 10475 1040 114 116% 1 103 104 4 108 1045 104% 104% 104% 100% 100% 4% 95 5% 96 91 RN 102% 103 10314 103% 114% 114% 9% 9T% oA 7. 4% Utd Kingm 6%s37. 15 1045 104% Yokohama 6swi,. 33 93% 93% MISCELLANEOUS. Ajax Rubberss.... 2 105 105 Am Aeri Chem 7%s 9 104 103 AmSmit & R1stbs 8 100% 100% AmSmit&R6s... % 10 Am Sugar ref 6s. Am T&Tcl tr6s. 102% 102% AmT& Tstbs... 101 101% AmT & T deb 5%s 105% 105 Am Water Wks 5. 98 98 Anaconda 1st 6s. .. 103% 100 Anaconda cv db 7s. 106% 1067 Andes Cop 7s rets. 107% 107 - Armour&Co 4%srf 6 92 92 92 Armour Del 5%s.. 31 94% 94 94y Associated Of1 6: 7103 102% 103 Atlantie Refin 5s..105 101 100% 101 99°% 9% Barnsdall 6sctfs.. 141 99% Tell Tell Pa bs B.. 10 103% 1027 1(27 Bell Tell Pa 6sC... 17 103% 103% 103 Beth Steel pmb5s... 1 97% Feth Steel r£6s.... 2 100% Beth Steel 513 63. Beth Steel @s. . . Brier H St 1st 6% Bkivn Ed gen 5s... 16 104% BKlyn Unfon 5%s.. 15 160% Bash T Bldg 53 60. 2 100% Cen Leath 6s45cfs 2 1024 Chile Copper 6s32. 1 105% Commonwlth P 6s..” 2 104% Con Coal Md 1st 58 Con Gas N Y 5% Consumers Pow 6! Cuba Cane cv 7s. Cuba Cane cv 8 Cuban Am Sug 88 Denver Gas 5s. . Det Edison 5s 40 Det Edison ref 6s Dodge w 1 Donner Ste Duquesne Light Est Cuba Sug 7%s. Fisk Rubber 88. Empire G & F 7% Goodrich 8%s. . Goodyear 85 1931. . Hershey 5%8. . Humble O & R5%s Tilinols Bell 1st Gs. Int Mer Marine 58 47. Int Paper 6 IntT&TS n CP&L 58 A 52. %- G & F16s52.. Ke"y-sm"l!;! :: . 1G ref5534.... 15 !!fi:l-dno 5%s 62.. 16 104% TLiggett & Myers7s 1 123 LouisvG & Ebs52. 1 100 Mid-Con 6%s 40 Midvale Steel 6s. Montana Pow & Co 1st Sofssons 6s.... Sweden 5% ct 105 100 105 % 4 5% Y% 101% 101% 104% 104 104% 104 160 160 100% 100% 101% 102'% 105% 1045 83 3 105% 105% 1007% 101% 957 957 08% 98% 107% 98Y 102% 4 1073 107 951 951 96 961 105% 106 107% 107% 116% 116% 104% 105% 105% 105% 110" 110% 1017% 102 102% 102% 103 103 95Y% 98% 7 107% 3 116% 45 105% 3 105% 99% 100 103% 98% 108% 110% 106 96 100 100 1025 101% 5% 104% 101% 108 104 w Eng 8. N Y Edison 5s 44. N Y Tel 0%‘5. Ph'laCorf6sA Phila& RAC&I6s 1 Plerce-Arrow 8s... Public Service 15 104 Pub Serv Elec 6 4 107 PServGasshs 64. 2 105 108 100% 92% 9T% Stnclair Ol 100% Sin Crude Ol Sin Pipe Lne bs. Bouthwest Bell Sug Est Orfent Tenn Elec Pow 14 105% 11 108% 2 106% 32 95 5 106% 7 106'% 106% ‘Warner Sug 7s 41 104 | 4 1037 | % 107% | [ Wilson & Co 1st Youngstn S& T Buff R & Pitt 4345, Can Nat 4%s 30... Can Nor 4%s 1935. Canad North 6% Canad North 7 Canad Pac deb 4s. . Car Clinch&0 6s 52. Cent of Ga 5%s. Cent of Ga 6s. Central Pacific 4s. Cent Pac 1st 5s 90. Ches & O cv 4%s. Ches & O gn 4% Chi & Aiton 3s Chi & Alton 3% Chi B & Q gn 4s 53. Chi R & Q Ist rt 5s. CB&Q-113%s... Chi& EIgnbs . Ch! Great West 4s. CM&StP4s25 CM&StPevdiy, CM&StPgn4ls. CME&StPrf4s. CM&StPr 43s cf1+ CM&StPevbs... CM&SP cv 5s ofs 14 CMa&StPes. .. NWen3%s. ChI&NW 4% s 1987. Chi & NW ref 5s... Chl1 & NW 6%s.... Chi Rys bs. . ChiRT& Prfds.. CHITH&SEGs.. Chi T H inc 6s 60. Chi Union Sta 6%s Chi & W Ind cn 4s. C& WIi5%s 62. CCC & St L bs. Uk StLrf ‘Term 6s. C&S1st4s20 Co.n & Sou 4% Cuta RR6s.... Del & Hud cv 58 Den & Rio G cn 4s. D& Rio G Imp §s. . D Rio G West 5s Erle 1st cons 4 Frie zen 4s. FErfe conv 4s Erle conv 4s B Erfe conv 4s D Erfe conv ext 7s... Erfe & Jersey 68 Frfe (Pa) cit tr 4s. Great North 5%s. . Gr Nor gen 7s. Hocking Val 4 111 Central ref 4s. . T11Cen 45 53. . 111 Cen 4% s 66 111 Central 63s. I11-C-C StL&NO §s. Int Rap Tran 6s. .. Int Rap Tran 6s. Int Rap Tran 7s Int & G Nor ad 6s... Int Rep C Am 6s 41. Towa Cent rf 4s Kan City Ft S 4s Kansas City S 3s. Kansas City S 5s.. Kan City Term 4s. Lake Shore 4s 28. . Lake Shore 4= 31 Lous & N uni 4s. Man Ry 1st Market St 7s 40. MIIEIRy & L 5s.. M&Lrfex5s.. 1cn 4s MStP&SSM5s38gtd MK &Tadbs.... MK&ToprinbsA. K&T6sC. Mo Pacific gen Mo Pac 6356 B Nassau F Ry 4s 67. New Or Term 4s... O Tex & M In 5. O Tex & M 5s B. OT&M5%s Y Cen gen 3%s N N N N ¥ Cent deb 4s. 973 9T% [N YCrf im 4%8 13 100% 100% | N'¥ Centribs.... N Y Cent LS cl 3% NYC & StLdb 4s. . NYChI&S!L 51 sA. NYChI&StL 5%sB. NYC&StL6sA. New Hav deb 4s 56 IN | 96% 9TH | 1067 | 1047% | 944 | | Pennsyl gen 4%s. . | NYRys6sA65... N Y State Ry 4%s. NY W & Bos 4%s. Nor & S zen 5s 54.. Norfolk & W cn 4s. Nor Pac 415 2047. Northern Pacr 1 6s Ore & Calif 1st 5s.. Ore Short L rfs 4s. Ore Short Len 5 Ore Wash 1st 43 Pennsyl gen bs. Pennsyl 5s 64. Pennsyl 6%s. . Pennsyl gold 7s. Pere Marq 1st bs. PCC&StL56s PCC&StL5sB1 Por RL&P 7%s 46 Readinz gen 4%s. RioG W 1sts.... RIArk&L4%s.. St L IM&S 4s 29 %|StLS W latds. ! StLSWecon4s32. | 8t P & KCShL 4%s Seab A L ref 4s.... Seab A L adj bs... Seab A L con .. Seab All Fla Sou Pac 45 29.... Sou Pacific clt 48 Sou Pacific ref 4 Southern Ry gen 43 |SouRy 68 56....... | Soutnern Ry 6%s. ! Son Ry Mo& O 4s.. TexArk FS 5% 50. Texas & Pacific st ‘Third Ave ref 4s.. Third Ave adj 5s. . Tol Tr L&P 6%s 30 Union Pac 1st 4s Union Pac 1st rf 4 | Union Pac 4s 27 | Unfon Pac 1st rf 55. Union Pacific cv. Virginia Ry 1st §s. West Shore 1st Wheel & L E cn ‘Wisconsin Cent RATES ON BAR SILVER. NEW YORK. December 3 (#).-- ar sllver, 5315; Mexican dollars, 4074 f Sales. High. Low. 27 103% RAILROAD. 29 66 1 10 1 25 4 111 Central rf 5s 55. 41 Int Rap Tr 5s stpd.141 Int & G Nor 1st 6s. 1 5 12 53 7 15 Northern Pac 4s...118 10 14 9 338 15 18 4 P 5 1 12 14 1 10 46 12 8 7 11 101% 101 100% 103% 87 83% BONDSGOHGHE INTRADIG TODAY Sale of Standard Oil Issue Stimulates Many Other Im- portant Issues. % 2% | American Tel. & Telga. 4s BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 3 % | ulated by the saie of $50,000,000 Stan ard Oil Co of New York 4! per cent debentures on a lower yield basis than any similar financing this vear, the bond market went ahead vigorously today, at least for the particular classes of obligations picked out as leaders. These included the high grade oil bonds in general, some of the rails, among which the Eries weer the outstanding feature, and the French and Belgian issues in the foreign group. The new Standard Ofl fssue w priced at 97% to vield over 4.65 1 cent, runs for 25 years and is at 102 up to December 15, 1936, and | thereafter at par. The immediate of [fect was a broad upward movement in General Petroleum now alse n obligation of Standard of New York in Atlantic Refining 5% and the new Standard Oil of New Jersey bs selling on a when-i d basis. The latter sold in the outside market at a new high price above 102. Other ofl {ssues to join the upward movement included Empire Gas and Fuel 7%s and 6%s, both at mew 1926 highs Barnsdall 6« and California_Petroleum 514s. Buying of Erie bonds was in large volume and at more rapidlyl Irilsing {auotations than in months. The « jvertible D 4s met the advance with | zain of a point and a half, at 83, r ponding to the strength in Et {stocks. The other Erie issues, how ever, which have no present conve: ;shm feature, were almost equall: strong. Erie general 4s, Erle A 4: Erie B 4s and e prior llen went along. St. Louis-San Fr 6s reached the new high of the move ment at 96, and were also very active Denver and Rio Grande Western i< ran up easfly again and the old Si { Paul defaulted bonds were strong. There were several notable feature: in the utility and industrial groups. One was the new high price for all time for Hudson and Manhattan income bonds, which had been behind the market for a long time. Another was a spectacular up- turn in the Warner Sugar issues fol lowing on the striking ain of the day before. The first of 1941 jumped nearly 5 points almost di- rectly at the start, and the refunding 78 of 1939 were up over 5 points in the same time. International Mer- cantile Marine 6s were conspicuously firm. One report had it that buying was for the account of the company The leaders in the foreign list were the French and Belgian bonds. Bel- gian 7s at 9913 duplicated their record high, and all the active French is- sues' moved up to a greater or less degree. Tt was announced that there would {be no allotment on cash_ subscrip- tions to the new Standard Oil of New | Jersey 5s, all the bonds going to hold- ers of preferred stock surrendered The allotment basis to the preferred stockholders was between 60 and 70 per cent. Washington Stock Exchange SALES. G n Gas 55—$7.000 at 08%. Gromeetown Gan 30000 4% ssuu (T 2t Haintigton Gas 6s—S$100 at 102%. $100 at 1053 Washington Rwy. & Elec. 4s—$500 at Washington Gas—1 at 71%. Federal-American Co. com—18 at 321 AFTER CALL. Potomac Electric Power pfd—6 at 108, 4 o Washinton Gas Light—10 at 72. 30 at 72, 20 at 72. Rwy, & Elee. at 9035, 20 ut 901y, Hon Ghs Ge—s1.0 ¥ ational Bank—10 at 227. Money—Call loans, 5% and 6 per cent BONDS. Bid and Asked Prices. PUBLIC UTLLITY. . Asked Amer. Tel. & Telga . Am. Tel Andcosu Alex. & Mt. Balt. & Annap Gas b3 . Washington Gas s © Wash. Rwy. & Elec. Wash. Rwy. & Elec. g 1001, 100 (o7 188% it, Cold Stoi Park Hotel STOCKS. PUBLIC UTILITY. g rdman n Tel. & Telga. Capital Traction Washington Gas . Nortolk & Wash."Si Potomac Elec. pf. Wash. Rwy. & E Wagh. Rwy. & Elec. pt NATIONAL BANK. National Capital , Columbia . Commercial Amer Fe Libe Lincoln National American_Security Continental s American Corcoran . Firemen's National Union TITLE INSURANCE. Colymbia Tle, . Hrie v ot Md. com. MISCELLANEOUS, eral American i Mopotye. et “Lrans. & Storage. Mercnan: Tran, & Sto 1 thaler Lino e Mige: & Inv. b Nat 2 Peoples Drie Stores vtd frcurity Storare., BUTTER HIGHER TODA CHICAGO, December 3 (#).—But- ter, higher; recelpts, 5730 tubs; creamery extra, 54; standards, 47% . extra firsts, 49a52; firsts, 42a44% seconds, 37a40. 2 Eggs, lower; receipts, 5,213 cases, firsts, 47a51; ordinary firsts, 42a46 refrigerator extras, 35a35%; refrig- erator firsts, 33%a34%. i fa "CLOTH MARKETS QUIET. NEW YORK, December 3 (Special). —Cotton goods markets continued quiet today at unchanged price levels. Print cloths were quoted at 6 for 61x60s and at 76 for 88xT siks were quiet,