Evening Star Newspaper, December 8, 1926, Page 14

b ¢ FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., .WEDNESDAY, DECEMBER 8, 1926. : FINANCIAL. TREND IRREEULAR | [NEW YORK STOCK EXCHANGE | [VICTOR B. DEVBER IS ELECTED I ["ov v vonc_BONDSroex ] PRICES HOLD FIRN Received by Private Wire Direct to The Star Office P RESIDENT OF A I. B. ALUMNI Received by Private Wire Direct n. High. Low. Close. S ke : UNITED STATES. | Salen. Hieh. Low. IN STOCK MARKET ez, 55 37 e 5 5 st ot Sond i _ ey | =l [NBOND MARKET AbrahmaStraus 61 Gabriel Sn (3%) 31% 81 81 1Lib 3%s... 502 10017 100 15 10017 1124 | Abr&Stras 7%pt 111 Gardner Motor., , s 1 1| Bank Succeeds E. J. Mc- 1fb 2d 4s. 61009 1009 1009 101% N |Adv Rumley ... 11 Gen Am Tnk (3) 49% 48% 49% X \ : 5 10221 102 18 102 21 1014 |\ oo Declines Not Important Nor|AfRumievsis ss Gen Asphalt } 8 8 Quade in Lgcal Body. \ 28 10027 10025 100 27 14 103% 10s% | Vigorous Advance Not Con- “ | Gen C1, e Alr Keduetn18) 140 Aso% | GO CEae s Lih?d 4}s. 273 1016 1014 1016 % : Lih 4th 43s 122 1032 10230 108 RAILROAD. i Result of Unfavorable e e I Gen Cig deb (7). e USIXs... 14 10220 10218 10229 : ox| tinued—Trasury Announc- en Elec (h3). .. : i H i US4Ks52. 12 10927 10921 10921 94w . Alli; ™ Outside News. S Seemmmis 1u i in uu| Prices Are Firm in Lighter SRRt % ment Without Effect. ::’Ll:l(;hnlm 6). 89 % | Gen Gas pf B (1) 95 95 95 Trading on Washington Gy Sales. High. Low. Close. 3% S | Leather.... 17% Gen Motor(t11). 146% 144% 145% Argentinefs. .... 1 89 89 89 ] o BY STUART P. W :r:nl x&mr pt(1) 106 lg;:‘ge" Mot pf (6). 106 106 106 s k E h T d Argentine 8sJab9 7 98% 98 98 nao 100% BY GEORGE T. HUGHES. pecial Dispatch to The Star. ! Am';‘m'cf,’l",hm il il 8 ot Moptn-. 1214 121 121% tocl xc\ ange loaday. § ::::::::: & 2“” 14 8% sg: R‘o:::gz D.. }82" Special Dispatch to The Star. CEW ORI v Jen Ouf 3 ¢ e 9 . NI v W NEW YORK, December - $.—The| Am AeriCh pt.. 44% 415 Gen Ry Sig 1o : 5 Aicentimees g B&O et bfl\E“ YORK, December 8.—Whi stock market today pursued a very| ‘m Rosch. 17% Gimbel Bros. % BY EDWARD C. STONE. : & Argentine 7s 100% 108 nd prices for the most part heli | Am Bk Note'(3y. 43 3 A ) fl i Gimb! Br ot (7). ustralian 68 9 7% 97 ofs 101% [ firm today, the vigorous advance of ’cmg‘;m ey S O ere. mot | AM Reet Suzar. 35 Glidden (2). ). 8% 187 | Victor B. Deyber, president of the Anstria Ts. . 140 102 101 BKiyn Manhat 6s.. 51 954 | vesterday was not continued. This urred in parts o | Am Brake Sh(6) 146 ) Gold Dust. Second National Bank, and former ! Rank of Chile %3 96% 9 Buff R& Pitt 4)4s. 47 93% | was hardly - Sanwioe &b dmportant nor were they the result| Am Rr Rov ElZ 39% Goodrich Ru (4) oot hic, Mistolet Bar Nars ARsosta] Rank of Japan 6s.. 2 Can Nor 4%s51935. 1 FEE SR e bk i &f anything unfavorable in the out-| Am Br Bo pf (7) 96% | Goodrich pf (7). o . Reletum fa. : Canad North 6%s : fact that the average for domestic is < \mCan (2).... 52% 523 Goodyear pf (7). tion, has been elected president of the [ 3 Reletum 8% Canad North 7s. ... sues touched the highest point in 10 = | trade reviews reported a | AT CaraTdy (61 10415 105 Gothm S H (2%) Alumni Association of Washington s : 3 Releinm 7a. years in the preceding session, and be steel trade revie D [AmcaFyrn) 120 Gotham new 214 Chapter, American Institute of Bank-, B ; Belzium 7s ct ag S os ihait : further letdown with more of a re-| Am Drug....... Sotham pf (7).. ing, succeeding Edward J. McQuade, : Reletum 7% 9 B M s srouys was suly duction in mill activity probable dur- | ::t:“:rpl’::” ;;; 944 b : Gor:;fg;;lerl.x 9 9 | vice president of the Liberty National : s . - 5% u;h“{ a low its best, reached on De e . But this | A gvdonsoL . Bank. % T . . . 2 c " D S AmHide& Lpt. 49% 49% 49% 49%| Grt North pf (5) Other officers elected at the annual | o % , Rordeanx anouncement that!the Treasury's was nothing that Wall street had not | Am Ho P (2.40). 29 29 | Gt Nor Ore (1%) meeting held last night at the Frank-| KRS Frazil 6% Dec‘ e;n sflroo‘;n'vi?n?”?zl would consist long been aware of. AmIes (410)... 128 128y e Witils T8y lin Square Hotel included Charles D.| 9% 94 9 tneate s Lo cont o , W 3 z . > tificates & \ he market was unsettled for two | sin Jnternatl. . et i % 11T Boyer, cashier Federal-American VICTOR B. DEYBER, Rrazil 8s. .. kTt e i ect tpan ons related to its inside position. | 47 La Fr (1). 3 roh g e tional Bank and a past president of | New president of Alumni Association, | ~pnada s 7 3 5% | the market for Government bonds The first was that there had been | [0/ /C0800 oo 5 Gulf Mo & Nor.. * the local institute chapter, vice presi-' Washington Chapter, American Insti- | managa fx 1 L Chi&EIgnbs.. 2 The amount was less than had beer cnough of a rise earlier in the week | ‘[0 RRO0 @ (03 - o, Guif States (8). 55 .| dent; Miss S, Winifred Burwell, tute of Bankin, Canada £1%=1929. Chi Great West 4s. 122 69% expected and the rate was fully among_individudl stocks to justify a | G 00 bF (7). 124% 7 " tional Metropolitan Bank, fleerew - ~ | e 7= 1948, ..... 4 CM&StP4s25. low, but it indicated no r reaction. The second s that pro-| \(0 o0l b1y, 614 f07 | Hanna ist pt. .. and Harold W. B b ~hile Re 1041 CM&StPgensy.. 'the situation. fessional interests realized that their| A7 Po&LE (£1). 61i 4 Jiartman R k4 40 :27% | cashier Farmers and Mechan s Ne le';‘ “K;‘R ll‘ufl ":‘*;9“‘“ t::;er T e, | “hite fa 1948 g CM&StPcviks. 7 Bankers believe that the next long efforts so far to attract outside sup-| J (ErPred: fod Wi tional Bank, and a former president | B€t ¢ Joi |2 1| ~inaca Gov Ry Ba. CM&SPovetaszots 8 term offering will carry a 31 per cent port were not succeeding very well, | A™ RY Pt fon_ Chagter, treasurer. | 0 make the' local assccinilon the| o JCis CEv TV 88 CM&StPendtgs 12 - 4 ol 't were | ucceeding very ‘well, Shipa&Com. 6 6 biahed s ¢ of Washington Chapter, t isosgent ane in the conntes. The| o) s 1 coupon, which would be the lowest e T s Srooh buying ap. | Am Smelting (8) 136 5% 186% | o e G (1D 8T The board of governors named for |, yS, (5€ ey have made a | om POw Janan 7s CM&StPrfdss. 45 since the first Liberty loan. ; ' S a7 % 120 1927 comprises Francis G. Addison, [local alumni ade |~ anhacen5%s. 39 09 5 CM&StPr43softs 21 57% Featires af Ha-teaalig todns wore peared in the low priced automobile | A S & R of (7) 1‘,}2‘? , | Household (f4). I e Gavings ana Commercial | Marked impression upon the national | J1Leftncen : / CMRSP cv mrctats 3 A e e L e S stocks, in one or two of the sugars | AT Snuft (12).. 132% 5 Houston Oil. . P iy S Ditrich organization. The alumni are most | Z8 200 o 0 CM&StPg fiaR ot hifeEationg St and iIn a fex of the oils. The jump in | Am St Fays (3) 44% < Howe Sound(4). 39% Bank: Joshua g e Wood. | interested in the institute’s education- | 272The T16sxote. . s. 4 industrials International Mercdntile o Jordan Motors was a further res |8 SEEDDRG) RIS . 1a5e &, | FluasonMan (23 3 Hemal, and Miss g aou Toust | o1 program, and the retiring presidont | (SSSEE S 1R L ® 3 3% | were again prominent, crossing 9 t atement attributed yesterday | A™ Sugar (5)... 83%. €34 A B3| Hudson Mo(335) cock, American Security a 8t | expressed the hope that this active | ™ 9 e highest of the movement, app.r 4 sident o e company that ... 4% | Hup Mot (1.40 Co. concern would show steady growth | Danish Munic 8s B. ently on more buying for account of M e ' 146 % i Mr. McQuade made a brief report| 1 a" (1504 that It was a mistake to | Menmark an. 3% 73% | the *company. It the bonds ean i O of | Am Tobaceo (8). 120% 12 1204 | Inden Of1 (1).... in which he showed that the member-| thini s graduate’s duty to the Insti. | D Tn 5%s Nov 53 2 92u ¢ { accumulated in e open mark n Motors that more than any-| Am Tobac B (8) 11974 119% 11¢ i ey Ll | ship had more than doubled dUTing) tyte ended when he completed his | Putch Fast T s 47. 2% 103 s 943 | would obviously be cheaper than ca ihing else disturbed the short interest :m af)b:;p!ltg')’ 1:,1”'/: . r;‘::};::‘g;’_;} 4 —ee | course. 4 | Puteh mnn-‘u, Al 5 3 :li:fn;h:'\':nm;(' ‘d; mption. L r n e ¢ e Cha | Am Wa Wo ol.! 6 i . ities Fi i Pinland = f 6s 41 W 4 AP i s were steady. the def s e ot was Aoon, 5% I ontIRHb(1) Local Securities Firm Again Today. | wytana 7s. . : “ n the dividend on Manhattan Railw Justies were higher and so was Moon, | Am Woolen...... 85 i ; BantalAleniEiE,. A Aew, 48% AW o bk . f _dividend on n hile Willys-Overland, one stage, | Am Wool pf (7). 89%: ¢ % 8 'z :;ngtnArl;rfl' . 9y g %1 bure Ol (2%). 27 21 26% 26% | National Mortgage and Investment Tramertean Tis. .- 99 @ 3 stocks being without effect on the P ) above | Am Writ Pa pf 3 " preferred led in number of shares| mrench 7a L o > 3K 9% | bond list. Oil obligations held the s up a point. Hudson Motors, above | 47 el ¥ 4 : Int Bus ‘,.,3% Purity Bak (B). 43% d3% 43 434 0o piggon the Washington | ecenen 1% » ) 'o\\-n well als : s Manat B e lwt Tiocs, i) e ahiotta | A3 ZIneRT: 9 | int Com Eng (2) 4 Purity Bak pf(7) 101% 101 101 100% | ;0. 133 change today, when local se- | mrench 8. H “Term S : i Mg e % Anaconda (3) 3 4| 't Harvstr(6). 9 Radio CorpofA. 59 59 57% ri gain held firm. The ~erman 1P 6%s. 9 Cleve Term 5%s. 2 4 s of the e baes wste o | AVmGEDALDE[Y DU i 94% | Inter Har pf (7) 12 Reading (4) 90 % 88% first trading in this issue included | yerman 7. 125 Cr & Son 4%s. .. 15 9 0¥ Before, aions foreign isauas b tively bought for a while. Partly, this | Armour of TI(A. 15% ntMtch pf(3.20) 61% | Reading rts. 18% 18% -share sales at 8%. Then ol | qer Aer Rank 78. CubaRR 6s 1936 cfs 10 9 did little more, while the German \as the result of & sharp advance on | AFmonr of (B} 8% & 5% 'nt Mer Mar pf. 37 Reading 2d (2). 42% 42% 42% lowed five more sales totakng 750 [ “ar Gen Kleo Ts. .. 5 3 Cuba NR6s68.. . 26 3 which had made a new high asterday in raw sugar futures, the | Arnold Cons&Co 24% | Int Nickel @2).. Real Slk Hos.... 43 43 41% | shares at §}. Capital Traction aiso| rrasts fa. . s 914 | nr & F0d ov Bs 35, 14 11 .| time, sold off fractionally part of this advance being re- | Asso Drv G(2%) 42% * nt Tel & Tel (6) Remington Type 114% 114% was active, 90 shares’in five transac- | Holland-Amer 6s. 5 4 9 9 Del & Hud 5%, other hand, more Wi mined today. Asso DG 2d (7). 104 4 |Intertype (11%) Replogle Steel.. 11% 11 tions selling at 10415. Merchants’ | quncarv 7%s.... Nen & Rin G o0 te ‘ in the German prov and mun ““The market for the oils was not | Atchison (7).... 166% 157% 156/ Tewel Taa....... Rep Ir & Stl (4) Transfer and o Dreferred was| 1 q, : DERIBG L S ams v | cipal issues, Be P g affected by the reappearance of heavy Atchl?on zfl&fi)- 101: 4 7% Tordan Motor... B 1045+ a dvasiatts to % ':nd"fxi,xnz S| Tavanese dn SR ? D Rio G West 5s. 7s being es) l“‘”fi‘mlwl : & New Jersey. | Atl Birm 4 % oA 2 advancing to 3 closing at | 17 ‘ b 3 A video 7s sold below their be sslling in Stahdamd QI of New Jorsey. | 0o R 10y 201 4 <an City South. RobtReis&Co.. 8 & 8 10114 Tananaga 01 9 q 9% | Frie 1st cons 4. although on » cheape At its low this stock was of X " . n I , = o it " rfezends........ 17 74 3 el sints from where it stood at the time | Atl Coast Lirts.. 16% 1 S ). Royal D (a3.078) Potomac Elect Power preferred | e convta s e than the new s 6s offered points from whe noed. | ANl G & WI.. 3T 3T% % | “eIv-Spring. 9 9% . % 2 came out at 107%, Railway and Elec- L O Rty e . ay. re callable at the new financial plan was announced. £ <ennecott C (58 Safety Cable (4) 51 3 e prererred S e : 294 | Wrie conv 4s B.... 12 Ailahie at ) In the later trading other ms -] B . Kra § StL&San F pf(6) i SNelons % [ 7 Frle Genessee el ould have of the sugar zroup joined in the ad-| Austin Nie pf(7) 57 £ it IR Savage Arms. . "“m',{‘ed‘h"u Lo | veantavideo s s o WO Se 4. 22 99y, eoy, | 103%, whereas today's p vance. South Porto Rico made @ |palawinL (7).. 155 15 Rty ki - Schulte Stor (§8) [ he <afie com. | Jath : Gr Trunksfdb 6; 5 S eure new top for the year. | Balto & Ohto (8) 105% 105 % | Laclede Gas t10. 196% 187 | Seaboard Air L. s'at 100% and the first sale | Vatharlands 63 72. 107% | Grand Trunk 7s 3 8 §SujNere in demand again and after having been lower at the start, | paite e Oh pe(4) -72% 72% ‘agoON & Tram 21 21 Seab AIr Lipf. .. ) lbng. Hme n Gnestont Farag| Yoraeis:. 5 R9% | 3+ Nor 4142 76 D as ogw | bonds were firm. c\v[n;x ack ¢ u possible in. | BARE&AT (3).. 444 13 | Lambert Co (5). 0% 6 vgugrn;e’(:lz.gfio)) o e Y Eie : L2015 | Great North . 2 b % 200 he discussion of a_ poss Rarnsdall A (2). P Lee S o | Sears-] ¢ 4 4 F | s # orwav s 1948, 18 Great North 6%s.. 2 in the Great Northern pre-|parncdail B (2)., - L(-hml‘l\al (15) 97% !Senecn Copper. . 3 3 { Wingo Scores McFadden Bill. | Norwav fa 1044 2 1013 Nor een 1:“ . 3 - WHEAT HAs SETBACK erred A s hociagg il high- | iravuk Ciear. }'?::sy;?fsfi'é;: - 3 ;m;gm;?;g; ¢ 0% Reprosentative Otis Winso, sonfor | Yorwaz datera = 2 nR&WAhR. W 924 speculative qua ® Beech-Nut (13). 59 9 i $ R e 2 g member of the House banking and rient Devdeh s S G G Moh&N 5% B 50 4 I St W B B B B SR Shel om0 s s B0 0% | e iouse i ana | Yot een 10 '3 o ' S TN | AFTER EARLY CLIMB s for this EOSSID. | ichlehem Stool 46 A {‘1;“5:;-:”?3‘6‘3;‘ ¢ 64% Shubert The ;:; y | tanisins, asib the. BreEaadi nsbiY e Daris-Lv-Med Ts.. b TTuA & Man af Sa.. ed Reth St! pf (7) 1034 4 g a -60) . mmons($3. - irecent address in Chicago. He be- | 2°rie Orleans 7g. % b TN Cen 4 66 ® conspic uously strong again, as it ha Blmingdle pf(7) 109% 109% Loew's Ine (13). i Simms Pet (1).. % 19 1sw R I e il b s e L E y 55. right along, and its action at-| gooth Fisherles. 7% 8 Loft. . Sinclair Ofl. ... 9% 1 {Los Angeles did not express the real | 2~'and =40, 75 “| ™ Central 514s. . Liquidating uales Have Depressing cted more attention because the | grigps Mfg (3). , 5% | Long Bell A (4). Sinclair pf (8).. 9 g 97'/4 ! feeling of the ociation. There | Poland 8s. 3 TH-C-C StL&NO 65 " rise was not part of any general | gkinEdison (8). 154% 4 155 | L.oose Wiles. 6 Skelly Ofl (2) 34 24% are 680 branch banks in California,” | 7nvto Alacra 8 31 10314 " 3 % g 2 Effect on Values in Chicago . movement in the railway section. Bikn-Mn Tr (4). 71% 4 ;;orzl;fl,(&’l s 3 Ezoslshsl;-‘:‘ifésr’“-) }g;’“ ! he said, “and enough of these branch | Praeve 7% s i Trading Today RKIn Un G(11). 95% & Y% | Lou e % Sou { managers voted to control the out- [ neensland &« L Tnt Ran Tran 8: 53 4 5 R EnEHL (1), B2 LoulsGasA(1.75) Sou Calif Ed (2) 51 4 “BIK| Coma ' After expressing. fear over | Meensiand 7n..... 4 it B FeAR Ve i at a Glance Brunswick Balk 357 35% 257 307 | yteIntyre P (1). 24% % eyl ol i3% | (he future of the independent-unit | ~n- wn s | Tt & & Nor 1at 8s. 5 Brunswick Ter. 16 % 1 Mack Trucks (8) Sou e 4 20% [ banking system. Mr. Wi ingo _added: | 1o Ae Tan fs 47 5 "nt & G Nor ad fs._ . > By tho Associated Press ady: | Butte 50c). 4% b 4n 4 | Mackay (7)..... 3 S s bank bill, the Senate & Drobranch | an Pt 1050, 6 107 5 ing sales ascribed to the leading hole steady; | i tegSuper(2) 12 6 12% | Mackay pf (4).. g A g o bank bill, and the issue is drawn be-| ~enn /PRT) T8, ' L 5 o4 er of December wheat contracts here Butterick (2) 5 2 4% | \lacy H R & Co. o S e ol 94 ;:‘* tween these two, the main point of | Qeine 78 42. .. .... O Ransas City S 3s. . 5 %|had a depressing effect on 5 = Foreign ex. | Byer &Co.. Magma Cop (3). 5 -g:"fé“&lfi- 3. ‘Eow he ; ”“(‘nn\m\m.J being the Hull amend- | Qorba Crot Slo 89 X Ransas Cltv S 5a. . 0914 « | brices today after o K eh fiancaat new | BY-Products (3) . Manati Sugar pt L S i L ¢ Tay | ments. h Gotmsane R, . ..., 2 ®an Citv Term 48, ‘ .| of strength. The 1 cents. Cotton, steady; | Calif Petrol(2).. 31% | Man EI Sup (5). | Sea Ot Cal 1355 : owl He looks for a very bitter fight in | Qwaden €14 of. : T.nke Shore 4% 28 . . 9 that the wheat market whaole Government report.. Suga: \c.mhmzmc £ 1% | Man El m g (D5) | 8t0 O NI #1125 4 | Cong and t ree ex- | Swaden s Tiake Shara 42 21, . » was without any 3 sive support Jower: trade selling " Calumet & Ar(8) 67" 674 | Maracaiho Ofl. . Stand Ol NJ rts. o 2 g {Pre s s as Y - | Swlen Kl e 104 23 107 Modsbibsls ooy % for at least the time beins iU IC.,.,,,,“&H“*, 5% 16% 15% | Market St prior. 4 4 1'Sta O11 NJ pf(T) = ” . | Dortunity afor views w! Seeles Confed Ra. . T.ehieh Val 6s 2003 5 5 | tions of export pu s 750,000 CHICAGO. — Wheat, steady; im- | Can Dry (62%). 87 | Marland Oll (4). 543 510 Dlate Glage, 47 Vg% 1184 115 I not shared by the majority of Wash. | =%n Wae Pow T8 "% | Vons & N nnids... bushels of hard Winter wheat export trade. Corn, steady; | can Pacific (10). 164% 164 ‘ \farland Ofl rts 4 % | Srewart War (6) 5% {ington bankers. Toklobs........_ 7 5% | T, & N 41422008, 9w | gulf with premiums up about »n house supporting. Cattle, | Case Threshing. 149% 5% 146 | Marl Rock +2 Strombere (8). . 5 5o | $200,000,000 Treasury Issue. 2 Louls & Nash 5%s. 17 had no lasting effect on values. firm. Hogs, ea | Central Alloy(2) 30 30 | Viathteson (4) . v aohakas (85 4 % B5%|. The Treasury’s December financing| TS emmConen€s 1 ¢ a 9 Word of persistent good dema 2 8 |May Dept St (8). % 139 3 < v 0% - 9314 931 | \TAN Rv 18t Sv.... 3 ; eries of +wi et s 51% | May Dpt S £ (1) Submarine Boat. 24| was announced Inst night by Secre: bl (e b bl i Wiarkat St 75 40 S by deliveries of Teut . Cent Leather of Superior Oil 7 | MISCELLANFOUS, POTATO MARKET DULL. . o % 64 | MaytagCo (2. 3 Supel o % % 4% !tary Mellon to take the form of an =L 3 T P AT, 8 R D 5 e e : 4 | Sweets of Amer. *13% 131 4 13% | fering of nine months’ 3% per cent| Am ArrtChem Tihs 7 1045 108% 103% | ar oy pRQSAF on 58, CHICAGO, December § (#).—Po- |- ertain-Teed( s 4 9% | Miami Cop (1) Symington. ..... 4% | Treasury certificates of indebtedness, | Am Smi1t & R 1st 53 15 100% 10014 MStPRSSUS38etd that ice obstacle: ¢ ntoes—Receipts, §9 cars; on track, | Chand-Cleve. ... 8, 24 | Mia.Continent, % | Symington A (2) 12% { dated December 15, in the amount of Lt gdlths VSt PR SSM %S R s the indmasg 0 e e e by Chon s om trat) 160% 16 159% | Middle States... ‘% % Tenn Copper (1) % 10%|about $200,000,000. ! 3 Tgan low aaw | WK &Tintds.... % | Soild e quickly removed:. T o s; trading slow, market dull; | C! . ‘ 3). 4! With the balances already on hand g e s s cked round whites, best, | Chi & Alton pt._ 8% Y w;":‘_':;;?;‘," o i ;:;;;‘(::rnn,m) & 2;',2 {and the December tax receipts, the | Am T & T ol tr s 10216 10914 O e L ik st g e Minne- | CR Great West. . 5% i Min St P & SSM. Tex Gulf Sul (4) 4 % ga14 new & 18 intended to cover the | AmT & Taffs.. 10134 101 MK AT orinSsA. % 1014 irentwoilty bo nealed 10 Tosten e k “hiGr West pt. 24 £4% M St P & SSM pt 5 { Tex & Pactflc.. . 49 50 |Treasury’s further cash requirements | Am T & T Aeh 5lbs 23 1054 105 1075 | yo 7 o m g . N 100% g s ol t ore ves ocea v higher; Ida 2 é:’ f"”&s!:l‘,l’ e 3 Mis Kan & Tex.. 3 Tex&PacC&O 145 4 14% |until the March quarterly tax period. | Am Water Wka 5a a7y, ©714 Vo Pactfie zen 4 ~4v b b D AR eaual to Giaanidhid ool 60 | CNastPots.... 8% % MoK & T pf (6). 96% 96 Third Avenue. .. 37 | The Treasury will accept in pay-| \n2conda 1st fx LRl Wo Pac Bx 1965, 4 0% 00 | Tygenwhile, some % G MEStPorite. 18% % 15% | Missour! Facific Tide Water(134) % 28% 25%’"\“"! for the new certificates 3% per | Anaconda cvdh?s. 7 107 1067 Mo Pacgs 49 D. 5 10614 > i Chi& Nwn (). T4 T8 Missour! Pac pf. 89 9 Tide W Ol pf(5) 9 .1 | cent Treasury certificates of indebt-| ‘nAes € in 7a rots 103%s3075 Vo Pue 6355 R. . 106% ShiERe(t) AR MO Eas Timken (15). ... i -,w‘ edness of Series TD-1926, maturing | Armour&fo 4tarf 20 9% 924 ¢ Mont Trm ref 5= 41 9 °8 operations, but were alsc s i1 1o be Chit Pnew T (6).. 117 117 117% | Montgmry W(4) 6 : Tobac Prod (7). 4 110% | December . Subscriptions, for | Armour Del f%a. 72 041 041 | i e e gl pesiona bt were alan: dnisgiog sident of | O g bag . 684 68 | Moon Mot (1%). Tob Prod A (7).. 115 115% 115% | Which pay; is to be tendered in | agrnadalt faetfe. . 90% 09L NO Tex & M in 5s. 100% stated that Argentine s 1.,‘”“-‘.0:\'\\‘::. of ‘e st Luke| R FIBTRG oo 973 | Mathr Loder766) Transcont OIl. .. 3% 3% 3 ;)r::«. certificates, will be allotted 50 | nayy e Pa fa B . 2 1094 10%% DUy irind bk wheat ore: Wenit ‘0. of Richmond, 7% | Motion Pic (1). . 3% | 1, cen el Tall Pa B 100 102% 103% | o v, a ¢ : alie : : = CRI&Ppf (7). 107 107% 13% | tinderwood (4).. 41 « A NOTAME% 2 104% and that the qualit Pl e frioes \‘\?,:‘,‘;tfi Childs (32.40).. 51% l,hu‘i'omr m‘!l(a-}j”) % " Union Carb (6) 94% 9 oiu| Fina Prosperity Widespread. | Reth Stee nm & ':""’:; ‘:"'{r‘ “ | N ¥ Cent 4= 9! 2 R9% 89% | wheat in northern Argentina s ve stiverviol the’ i || IREOR (RBD. © 32 32 e \l;;:\nqln;:wr((.'a) o B OIL) ies: 82%| President William Montgomery, of | J2th S1201 1500 a1, 06y el Sl o5 s r of St. ke, o fra-| GorTaier Corb(s 37K MTIFFay Loy .. Un Easifie (18). é 161% i the Acacia Mutual Life Assoclation, | nath Sraa " 25 1014 1014 VY Cenfiehac... 23 1056 10RKA0NC] Cwimam— ternal organization ; e ety o 7 Murray Body ot Y OnENSIRomEC) . A A T9% 9% | of this city, reports that on his recent | nann e onig cee 25 101 100 N Cont deh . 107 December e - Eood-Goia (7). 01653 70MTIETU oen | B Utd Clgar 8 (c2) 49 305 g2 tip " B found " economic. conditions | XA SIS -y 1A 1he NTCE ST abds | T 0K o D O A 07 1100 1n0is| ASNINOL Ry g Utd Drug (8)... 166\ 166% | sound in the West and South. He says | <N\ para 6% 5. .. 1 102% 102% NVORIASH, BlesA. 1"« WILL DIVERT CABLE. | Colins&alk bt 7 1i0% 107 1194 | ot Biscuit 163 uDre 1t a5 T Bl L PPNl S YTCRIESIT SR, 13 100 T0d V YORK, December § UP).—The | co] & Southn (3) 4% Not Croak & Baft United Frult (4) 120% 1211 121 bace with other lines, and® predicts | wiiaCorner fx32. 56 10€5% 1064 New Hav deb 45 57 0 9 Sa n Gnlon Delewpaph O, willin:| Gt ) o 2 e | SRLCTERIEET I e 55 | that next year'ssinsurance sales Will | o) Gas & W1 5asta 2 907 907 arg | New Hav deb de§ 105 30 | pecehiber lirect cable communication be- | S %o e (51, 8% ol Nat DRy A8 1P e 28 surpass even the present new high re- | ma (oat M 15t 58 /1 Ll ot fiC 10856 10216 |MS . - e . Col Gas new (5). &97 Nat Dpt Stores.. 293 9 UscC i ). 107 {cords. During his tour Mr. Montgom- | = 105% N Hav&H clt 6s 40. ol iy tween North America and nee by | o) GEE pf A(6) 1014 = 101% | \a¢ Distillers 2 US Distributing 55 55 55 oy g h BOM- | ron Gas NV 5%s. 19 NY Ont Wint 4 > 76y 1 RYE diverting one of its English cables to| ") C.rpon (4) 8% 681 6 684 | {7t Distillers pf 4 4 U S Hoftn(+3%). 5 56 jery visited Panama and reports that | manenmers Pow 58. 107% NV Rys 65 88 ] 20% | December Havre in expectation of a large | conCredit (1).. 19 X N Eaeai, . D8 InaiAIcoRoL 8314 | & branch oftice will probably be opened | ryha Cane ev 7s. o5u on. o5 | 8 S Rve Cn ok - b volume of business out of France,| com Iny(3.60).. 59 DA e T s Rl i, &34 |there in the near future, the Masonic | cuba Cana v A, orY, ol b A said Newcomb Carlton, president, on | con InTr pf 6% 94 9 ¢ Supply (16). 83 U S Rubber. 57% | Nsurance executive believing that the | pet MAtson 53 40... 2 109% N Y W & Ron4%i0. —_— . hix return from abroad. Revision in| com solv B (8). 229 229 223% 226 | Nevada C (13). i | U'S Smelt (33). 35 3414 canal zone offers an excellent field. | pat Bdfson ref 65.. 5 107% Nor & 8 zen 58854 U s COTTON REPORT cable schedules would be given early | Comgoreum-N 1 208 Mbe i D SRR ; 14916 Bankers Bulletin Notes. - [ineeewt ee o Norfolk & W cn 4s. 5 vonsideration, he said. i 3% 53 52 U 8 Steel pf (7). 129% 129% | The December bulleti B 1 | Donner Steel g X » 5 3% N Y Canners. ... D ecember bulletin of the loca V Northern Pac 45. E R :‘::gcr:'::rfi;)u s 6 6 | NY Central (7). 34 | U S Tobacco(3). 64 |bankers’ association congratulates I. 1"“'1""“':“",""“ 5 }2:‘“; 5% | Northern Pac 58 D £ 3 : BE”EVED BULLISH CONTROLS CUBAN AGENCY | Consol Distribut 1% NY Chi&StL(11) Universal Pipe. . 26% 274 |A. Fleming, dean of Washington | Fst Lt . 105 105 | Northern Pacr i 6s | Consol Gas (6).. 109% { NYC&StL pf (6) 3 Univ Pipe pf (7) 84 !financial editor reaching his | Pmpire 2 116% Ore & Calif 1st bs. o aDecember 8 OB | ConItRCuba pf6 70% 70% 170% 170% | NY Dock.. : Utl PELt A (e2) 204 | seventy-sixth birthday, which he cel. | Fish Rubher 8s.... 1054 1omue | Ore Short L cn 5s Control of the Cuban Federal Reserve | CORERZUDA PIS 1) : Dock pf van Raaite 14 |ebrated in such a happy maner at his | Good-leh 8% 0 *| Ore Wash 1st 4s. Market Goes Up Instead of Down Agency located at Havana_hereafter | <ouSe, Hextie, : Y NH & Hart.. 42% Va-Caro Chem. . 114 {Connecticut avenue home two Sun- | Joodvear fa 1081 120% Pennsyl con 4%s. . R Fill be vested exclusively in the At IGO0 Cetion ! ion % | NYon S 3 4 Vick Chemical. . 7 4.»11.vual\\ . & b oot 102 Pennsy! zen:*l. a8 ! on Receipt of Government anta deral Reserve Bank. - | : " NY Rys 2d stpd. 5 % 38% | President Howard Moran takes oc- S e Pennsyl gen 58 Eakpf (8). 8% ¢ -CarCh 6% bt 38% 1 5v1 £ & ot s ¢ Moss o . Estimate Today. | | | | | | | | 1l change NEW YORK (P).—Stocks, st Northwestern sha higher. fonds, firm; German and Belglan is- Liverpool attracted notice tod among traders her In this conne tion, less optimism was expressed advic from Argentina said heavy not onl ausing delay” to harvest cials of the Atlanta Federal Reserve ey Eragh Ly BERT T2 | casion to extona'te all moram akos o¢ I mimble0 MK ank today confirmed adviees rrom | GO R (003" 11ug i State Rys. ... 3% | ¥ v don nf)("l). 110% |association his best wishes for a very | 110! :,’_‘:,‘:"::' on that a decision to this| (00 pla(12) 50 50 50% | Niag F pf 1%). e : g | merry Christmas and Prosperous New | [1ynos Steel 434 e 3 Corn Prod pe(7). 1263 g 7 | Norfolk South . { Wabash. . e | Year. 4 By the Associated Press. s Bdera] oenve ound, ey noKin): - 0 51% 611 | Norf & W (110). 157 Wabash pf A(5). : The next meeting of the association | [Nt Mer Marine 6s. “2 NEW YORK, December 8.—For ti o o L e first time in months, the receipt a a1 100 or . s . the Government’s report on the cot lé‘.'f«-?-:fl".‘;\ 52 | Por RL & R 6s 47 1 ton crop failed to cause any uneasi § Kan G & 1 6352.. 10107 5 Por RL&P 7%s 46 ness in the New York cotton market Kellv-Sprinz 8s... 18 103 Readine een 4% s today and the initial response to the e N RiE LB, f (90 Readine J C 48 5 92% | publication of the figures was actual with bankers from all over 5 & 3 { waldorf (1%).. i Crucibie Sth (5). | Norf & W pf (4) { 5 | Will take flace on Monday, January | the Sixth Federa <erve district. St % 10% « Am(10% stk) . | walworth (1) 17, and th - Cuba Cane Sugat 10 L et} v D% % R eRing. |17 e next session of the coun Cuba Cane Su pf. feil nf administration is booked for | FEDERAL LAND BANK BONDS. CubaCo (4).... 83 3 3% 4% | North Pac (5). g 3:::3?:-:’ @ 2 {Frid . Junudry 28. ez T 2 27 | Nunnally (1.50). s’ sugge: 4 e A e R Chtany mewyse. i 534 | Oil Wel! Sup (2) G 60 |ing Chr 5;:;‘%}\&};‘;:3; i ked Yield | Cushman's (8).. 96 99 96 99 e Maryland. 4 125 {find out as accurately as possible what | 'melede G 5% s §2.. & Rio G W 1st 91% | Iy bullish. 105885 Cuyamel Frult.. # "34% | Orpheum Cir(2). 5 West Md 2d pf.. 5 % (PArt of this year's club funds are put | yyspett & Myers?s 2 3 3 |RIArk&L4% b Prices advanced approximately 1 19% - lod g Davison Cnem 16 p 5% . Orpheum pf (8 v“t Pacific, . .. 2 2 into permanent savings. The figure |fouisv @G & E5s52. 7 | St L IM&S 45 29 e ¢ cent a pound as buving was influenc 104 i X s Perseai + 81% | Otis Klevator ( 2 St has been roughly placed at 30 per cent. | Manat! Sne sf 7%8 40 > 2 St L IM&S R&G 49 3 8% ed by the fact that the estimated fiay Deva nd (9):, 371 59% “170' | Otis Steel. ... : Wost Union (8)- In and Out of the Local Bank: Mid.Con 6%s 40 1044/ StL&SF ol 48 A | vield of 18,615,000 bales and the Ix 1 2 ) ! 3 ! % :' ¢ o i ures of 14,644,965 S T e }l;,,ll;‘,’v‘o'}‘,’fi“ 507 Westhse AB (1) 1414 100, 1800 146w | The Richmond Reserve Bank's re- | Widvele Steelfa... 2 1014 jerp smaller than expacke DR OfvaGpL. . STEL ol e 5 |Westinghse 0 serve ratio jumped to second place |y maison 58 44 : 103% Fadl Southern selling later canceled Detrol gy : : 2% | DR SBOE Y s pr Weston T 26 among that of all 12 banks, accord- | y y Edison 8%s. .. 115% 9 of this gain as complaints of a smail Detr m;muz e o 484 | ety A Wh “el:LEpf 43% 437% | N8 to its last statement. Its rytio | x vy q BT, H&P 4s. 9 91%"| 92 .. spot demand were received. Devoe el % otw 43 3% pac of\ e " i whn\M @) 4 567% was exceeded only by that of the |y vy FET, H&P 5s. 5 5% 105% | St P & KCShL 4%s 11 9 The Government report placing ti Dodr@HoE CIA (2o - Pac Oll Stuba_.. shn ab”|WhiteMoLch).. E74 Bk ew York bank and in two weeks 98% 8% O8% (San A& ArnPds.. 2 crop at 18,618,000 bales and ginnin: "linax;‘-:m“ e Tias | Packa . White SM pf(b). ; has spurted from 68.86 to 76.4 per | : 108% | Seaboard AL 4s sta 4 to December 1 at 14,644,966 bales wi o Pont (112).. 168 168% 165% 1674 | pap-am (6).. 3 ke Overland i ealoonty o . 105% | Seab A L ref : slightly under recent expectations, hut TN B e e B 6 | Rallye-Crariand. (215 ;20 W. W. Spaid of W. B. Hibbs & Co. 5% 105% | Seab A L ad) b not sufficiently so to cause any ex« liupon: s otk 16 B e - k : wmy"& c‘-‘, X 75 % | Will preside at another group meeting | wor Ohlo T & L 8 9 96 ¥ 96% 964 | ment. There was a spurt of coverin don, pound. Fedpbetins o1, | Panhandle 6 | o lacn & CotA). 25 2 of New York Stock Exchange repre- | yor States Pow b 100% | Seab All F 4 0 24% [ by recent sellers when the market r ;th‘{{f‘.\'hu faa .. | Eastman<(18)... 122% : 2215 ) Do x Wilse e (3%). " 70% sentatives outside of Wall Street, in | Nor States Pow 8s. 105 | Sou Pae 4s 2! 9 opened after the publication of ti e : | katon Axle « 24 24l . e : adelphia on Friday and Saturday. | © % 100% | Sou Pacific clt 4 % | figures at an adva 20 to 1o (2) a ‘ Pathe £x (c8). w“,fi‘:‘o th (16). Eliladelpk Friday and Saturd: . 100% 100% | So ! Boerafi 28 to. 2 9 22 The first of these meetings was held 102% 102% | Sou Pacific ref 4 1 934 | points from the low prices of tl Brtmee, frune ; g Eiseulohr & Bro 124 Serlin, mark.. . ... N j Eiment 3 1. | Peerless Mot. .. i 24 m Sk . ) v { El AutoLt(t6%) ¢85 €8 S| Penick&Ford(1) 2! ,a‘;:tfiflpf;“;w‘fm 9! in Chicago and the second in Pitts- 52 101% 101% | Southern Ry gen 4s 28 morning, with January selling : | siscatowont - K12 1o | Pa Dixie Ct(80¢) 58y 38% | Wortn Pump(B) il b gt S bl pecial In- | pan-Amer Pete 10415 4% |Sou Rycon6s94.. 2 12.15, but the upturn was checked ix peset e O el - 96N 967 | Pa Dix Ctpf (7). Yellow Tr (76¢). 28% SICAE 0 brokers all oyer: teicountil ool ecis U atin 100% 100% realizing or Southern selling. At mi! }u;m« crowne “"”"“"' i‘*‘“"‘* L pEt % B 6 4 995 were discussed, Phila Corf 68 A 104% 104% 3 3 day the market was within 2 or 2! 3 Penna R R (3%4) Br&C pL(D). 49% se ) R e e g U] venn-seabSteel. % % % w|YSTECOL w6 s R r Siddons, secrstary. o UHiel cyil S RAC AL 1024 10214 points of yesterday's closing quot araaw, Z1OWY.... ... . e 4 3 x an Security 7 . ice 6s. 3 s. o 3 End-John (8).. . €8% | e et (5 3 Hourly Sales on N. Y. Market. = |and chairman of the publicity eom- | PP BEICC g % 106% o i Engineers PubS 22 ! Potla& RC& L. 2% j1am. 483,00 12 n.. 514600 |mittee of the local bankers i 5 n a Serv Gas 5%5 59. 5 104% Y P e Dajuhar, 8 U — [Ungws BT 34 s ERlaRleO oo 64200 2om. . is passing the week in New | b Sery Sass4ate- 1ot £ COTTON GOODS EASIER. s s | Erie R ol Yoreign exchanges strong; quotations | ZHe L og 5 1815 | Fhillips Per « 4 5 —pajd this sear—no regurar o iegly Wisgly Western States Co, | Remingtn Arma es. 94 NEW YORK, December 8 (Special) itai 6 5 | Vierce-Arrow 2% - 23% fi——l ook avatls 2 . Binelair O1 1004 —Cotton goods' pri 1 off todas in cents: C Britain, demand, | S8 53° A v . B a 2 i atoc reported sales for November of $815, iatr O 6% .. -3 92% €00ds prices eased off toda o; cables, 60-day bills BLC'SimS(2%) 23% 233 i8% 28 «i Ot b O Bavabis’ whet‘carned. 710, compared with sales of $573,815 | Sinclair 911 §%s. 9% s6m |0 slow trading. = Print cloths de banks, 4803%. ance, demfmd. | Kureka Vac (4). 62 | BiarceiPurcime —_p;‘:nul’mm ‘n'h ‘." -_wc fn 'November 1925, an . Incraase of | Snclsir Ol 1 — clined ‘ff rm:‘ hou! the 64x60's at"fi_\; $01. Italy, demand, /80" chare in stock. 515 Shiss tor the fi xand the 72x68 at 7%. Raw silk o T ! Fairpanks (3).. 44 % 43% | picts Coal. . Siplun 1000 Ahae D aoet mock: 4215 per cent. Sales for_the first|gin Pipe Lne 6 92% it b s Pl (18). 119% 1! Coe! pf. % - lus 6% in stock. 11 months of 1926 were _34,087.007. Bouthwest Bell 103 3 3 | Famou 3 o i Demand —Belgium, 13.91; Germany, | TR0 (40 42w 4 2 | Stlpf (7). 100 2 in stoc as against $5,930,530, a gain of 19.50 | menn Elec Pow 105% lus 2 tock . —_—————— Holland, i Norway, 28351 £y 'Nin pf (7).. T5 ; 5% | Pitts Term Coal. g gy axs AL 60 le T et B or et 1073 7 BANK CLEARINGS. § . 26.71; Denmark, iFed Mot T(f80c) 25 26 | Porto Rico Tob. 874 A p— i ’%o";h'.‘r"edfn e 106% 0y BTG S e s e B Switzerland, 19.29%; Spain, tS(1%) 4 31% | Postum (6)... . 9! % 99 - 94’ 2 A 3 cember 8.—New §%; Poland, 11. i Ao A 614 161 | i rod-& Renner E; e e S ments b on'te | TREASURY CERTIFICATES. e e L York ‘bank clearings today, 833,000, ""‘»"k'j"l—., P e (TR D @ | PorseNT ). 27 2w afiss b "u:l‘):nn; el oF5Y Gr Soedi i | (Quotatons by 3. & W. 5’“"“‘"::" 2 : e Paris has a feminine fad of tinti fi",iu"”{."m‘.&efi”‘zfifi'““"‘;fi‘ff‘.)boyil&'.‘ BT Baat, Lt Takiey] iachin(ie X! A 79% | PubS NJ pf (7). 108% 108% T e o Patly extra. _tPasable | , 15, 3 42 100 n 5 D1 991 98% 98w the finger nails in bands of three|vear ago, $99.000,000. New York Fed- nghal, 59.00; Montreal, | Fox Film A (4).. » 71% | Pullman Co (i 188% 190% 187% '.‘ml muru . €Plus 3% in . o -32° 10 i 8 76 75% 176% colors. eral Reserve Bank credits today, $84,- i f mh. & 4%s Deec. . 101 7'3 . . ; m,wa; year ago, $77,000,000,