Evening Star Newspaper, December 9, 1926, Page 14

‘s - INSTOCK MARKET ju\ er 5312 Mexican dollars 40%. FINANCIAL. PPERS LEADERS THE EVENING STAR, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office WASHINGTON, D. C, AMERICAN SECURITY AND TRUST HAS 38th ANNIVERSARY TODAY (Sales are in $1.000. Sales. High. Low. Close. Lib 3%s. 85 100 21 100 16 100 21 Libist4%s. 44 10222 10217 102 22 Lib2d 4%s. 58 10030 100 24 100 30 Lib3d4is. 106 1018 1015 1017 Lib4th 4s 122 1032 103 * 1032 US3%s.... 2910228 10220 10223 | US4s1944. 103 105 26 105 20 10526 * US4%s52. 74 10927 109 21 109 27 FOREIGN. Argentine 5s. Argentine 6s Ju 59. 21 Argentine 6sOct59. 16 Argentine 6s A. Argentine 6s B. Argentine 7s Australian 5s. 98'6 UNITED STATES. THURSDAY, DECEMBER 9. 1926. [Covewvou BONDS soxexcaance] | {[GH-YIELD BONDS Received by Private Wire Direct to The Star Office. ! szln xu»h Low. 3:10. . 89 89 FINANCIAL, RAILROAD. 5 2% 72 2% 5 93% 03% 93% 10 97% 97 97 18 100% 100 100 27 100% 100 100 5 104% 104% 104% 2 102% 102% 102% Austria 7s Bank of Chile S‘as. 24 Bank of Japan 6s. Belgium 6s. Belgium 6%s. Belgium 7s. Belgium 7s ct. Belgium 74%s. Belgium 8s. Bolivia 8s. Bordeaux 6s. Brazil 64%s Brazil s Brazil8s..... Canada 55 1931. Canada 5s 1952. . .. Canada 5%s 1929. . Chile 7s 1943 . Chile 8s 1941 Chile 8s 1946 Chinese Gov Con Pow Jman 7s. Copenhagen 5% Cuba 5% * Czecho 7148 rots. ©zecho 8s 1951 Czecho 8s 1952 ct. .. Danish Munic 8s B. Denmark 6s. Dutch East I 6s 47 Dutch East I 6s 62. El Salvador 8s 48. Finland s f 6s Finland 7s Framerican 7% French7s.... French 71%s French 8s. German El P 6%s German Ts. .. Ger Am Bank 7s. Ger Gen Elec T Haiti 6s. Hungary 7%s. Ttaly 7s Japanese 6% Jflrgenq UM és 47 yon 6s Marseille 65 Mexico 4s 04 asntd. Mexico 4s 10 asntd. 2! Liggett & Myers 5s. Mexico 5s asntd Vontevideo 7s orway 5 \4 S, orway 6s 194 orway 6s 1944 Orient Dev deb 6s Paris.Ly-Med 6s. ParisLy-Med 7s Paris Orleans 7 Peru 7%s. . Poland 6s 40 Poland 8s Queensland 6s Queensland s Rhinelbe Un 7s. Rio de Jan 8s Rio Gr Do Sul 8 Sao Paulo 85 1936 Sao Paulo 1950. Saxon (PW) 7 Seine 75 42. Serbs Crot Slo 8 Swiss 5365 1946 Toho Elec Pow 7s Tokio 5 Utd King Lmeceamt:open 6s. Yokohama 65w 1. Am Repub deb 6; Am Smit & R 1st 58 21 Am Smit & R 6s 3 Am Sugar ref 6s. AmT& Teltrds. Am T & T deb 5%s. 15 Am Water Wks 5s Anaconda 1st 6s Anaconda cv db 7s Andes Cop 7s rets Armour&Co 415sf Armour Del 5% Associated Oil 6s. . Atlantic Refin 5s. Barnsdall 6s ctfs. . High. Low.Close. Open. High. Low. Close. Abrahmastraus. 60 66 60 60 Gen Asphalt.. o s s Steady Growth Has Marked Adv Rumley. 11 11 |Gen Asph p: 128% 12° W . X4 Rumies p ] Qéfi 37% 37% | Gen Clgars (4).. E u 56% 65 65 Institution in Capital. Ahumada(t60c). 5% 5% 5% l“: g::é"‘l::gl(iis)oc) "” fi: :!f: fl: Air Reductn(t6 H HEavy Buymg of Nash Motors | &y mibver . M0 410 1% 1“0 | Gen Gas Ace1%) 47° 4T 46 474 C. J. Bell President. Chief 1 Th Ao funed . 1% U3 I Dh|Gemowprdc st oo b0 00 Allied Chem (4). 139% 141% 139% 139% | Gen Mo . a x ief Incident in That Alifed Cm pf(7). 122% 122% 122 122 | Gen Mot pf (7). 121X 121% 121 121 | p 1 o d Stocks in Equal Allis Chalm (6). 8% 89 88% 89 |GenOutdrAd(z) 85 85 85 85 ondas an 0CKS q & Group Today. Amerada (2).... 29% 30% 29% 30% |GenOutdrA (4). 55% 55% 65% 65! : AmAgtiChopf.. 44 444 44% 44w |GenRySigtsy. 8ew 8i% 83% 8%\ Demand on the Local Se- : NPT | Am Beet Sugar.. 26 26 26 26 g’im:’flsnn;s(n 105" 10" 103 100 : P. W) Am Beet Sugpf. 61 ‘61 61 61 mbl Br pt s e Am Bosch. - 0. 17 18% 17 18%| Glidden @) I 1 19 18 curities Exchange. XEW YORK, December 9.—|AmBrakeSh(6). 148 149% 148 149" Gg:fi!guzt}‘ :;% 4% 44w e AEHRASE E rength in the copper and smelting Am Br BovEI(2) 89 39% 39 39% (,md”é‘h tu(_” 96:‘ 42? 42;‘: o ishares was one of the interesting |AmCan (2)..... Bli B BN e a it s oa e BY EDWARD C. STONE. Features in the Wall street trading fimg;‘r&de(S). 10 105 104% xg;: Vfllth}iY’llg). = ng. gf“: o3| Charles J. Bell, president of the foday. It illustrated the modern | Jm&hicle (3)... 874 8T% .8T% BM| Gotham pf (7).. 1114 114 1114 1114 | American Security & Trust Co., and fendency of the market not to be as | Am Chicle cfs(3) it 33:: 9% | Gould Coupler A~ 9 9 | the other officials were receiving con- t used to be with i3 3 ;T‘:%Trl?;;.r)?tsg‘i?o}.nmnm Consid- | Am & For 19 19% 18% 19% :,;:"\";’Sf'";'}lr~ 36k gf% 3; gg“ gratulations today on the company’s T n it hadioaia fimmid‘;;fi;;og?;':n" S b oo 2w | Gt FOre(ti%). 84 1o taw 180 | thirty-elghth birthday anniversary. ) cop- ;é\'nr,rnev{:ld‘;?r‘l‘;nnr:‘ e ek o 13% | Am Tee (110)... 129t 129% 129% 109% et avestn Su'(8) 1004 1064 1084 1084 | The bank threw ita doors open for Gents a pound. This was the lowest | Am Internatl... agy 39% 38 38% | Green Canan. 2% 30 30| business on December 9, 1889, at 1419 ¢ the year, but the news brought AmLaFr(l)... 1% Iz 11% 12w G i Mo Nor }49, % 91" a7l G street northwest, at first operating :‘y'.p”l'v},','.'fr:?w e e e arden | Am Linsa nf (7). 78" 1o 73 12 |GulfStates(5).. 58% 57 6% 67 |under a Virginia charter and aiso, ind today there was a deal of fresh | Am Locomot (8) 111% 112% 111% 111% | Hartman A (2).. 1% 27% 27% 27% | maintaining anfl ot:\ce in z\e:;r;;‘gd uying In some members of the|Am Locopf(7).. 120% 123% 128% 123% | Hayes Wh(13%) 21% 21y 21% 214 |Deposita the first year aggregated Sy Am Metals (4).. 45 47% 45 ' 46 |HelmeGW (t7). 87 87 87 87 | $200,000. Today they t “h“h} American Smelting n ahead | AmPo & Lt(gl). €1 61% 60% 61% | Hoe& CoA 23y 23% 23% 23% | $30,000,000, }))elmsllfiam(ounmr e CHARLES J. BELL, swiftly. Anaconda and Kennecott | Am Radiator(5). 110% 110% 110% 110% | Household 44% 45 44% 45 | numbered 132 gb“o ",; i & “r long | Veteran banker, at head of trust com- were higher. Granby Consolidated | Am Ry Exp (6).. £8 88 8 88 |HoustonOil..... 584 658l 58% 58%|Nnow reached 74 gELVery, b-‘m ‘Which began 39th year today Was more active at advaneing prices | Am Safety R (3) 60% o1 ‘60 6lu Howe Sound(4). 39% 40 39% 89 :af,terdlhehonf::njn;;eflgflgzrt)a:tycg ny A -eene Cananea had a Am Ship & Com. 6 Hud Man (2%). 39% 39% 39% 39% ned a char e ‘l’i\] o his was an object I Am Smelting (8) 136% 139% 135% 138% | Hudson Mo(3’§) 48% 48% 48 484 | gress regulating the operation of | company has recently started n“e run-up. T @&f the change which has come over AmS& Rpf (7). 120 120 120 120 Hup Mot (1.40).. 21 21% 20% 21% | trust companies in the District. al plan of developing out-of-town busi the copper industry in recent vears|Am StIFdys(3). 45 45 45 45 |00 cen (7)., 122 122% 122 122% |, The company has steadily increased | ness, Mr. Bell making F. H. P. Sid- in consequence of consolidations and | Am Suzar (5)... R34 31 88 R34 oS ST 30 snv: 30 30 | its facilities“until it now has all the: dqons his assistant in this work. Tower ocean freight rates. COStS| Am Sugarpf M) 1097 10 09 100% | oo R nine g es s 04 | major departments. _including cOM- | Washington's gaining prestige as a have been so reduced that copper|Am Sumatra. 40% 40% A0V AO% | o e otfs. 7% The 7% 7% | mercial, trust, savings, safe deposit,|financial center is a vital reason for producers are able to make money|Am Tel & Tel 150 150 149% 149% ]"ge“o"_é“ ) 9,1;. 93‘; 93‘; 93y, | income tax, credit, foreign exchange, | this entry into the outside field. wt prices which in the old times|Am Tobacco B (8 1197 119% 119% 119% Inspiration (2).. 26% 26% 26% 26%|real estate and several others. The When the bank started 1t had a would have been unprofitable. Am Tobac nf (6) 111% 111% 1114 1il% Thtoi o e, eI aTa 0. capital of $1.250.000 which was in Heavy buying of Nash Motors was| Am Typ Fdrs(8) 120 120 119% o s e = o = creased until it reachec 1400, n the chief incident in the motors. It|AmWaWocl.20 62 66 62 64| ntBusMuatin. 56% B8% B8 B8 |pagiocpr(sy). 52% 52% 52 62 11919 at the time of the mierger with was based on reports, to which con-|Am Woo'en..... 344 85 344 34% | t C el £07 105 |RSINCefs(4). 6% 75% 75% 76% | the Home Savings Bank. The com siderable credence was attached. of{Am Wool pf (7). 81 89 $8% 89 |ImtComentpfCl) 105 105 105 193 | poaging (4).... 91% 95 91% 95 |bined capital, surplus and undivided & merger including Nash and one nrtAm Wit Papt.. W% U Wk G| oonEEs ). A L ‘g‘ 1495 | Reading rts 19% 19% 19 19% | profits today are well above $6,800,- tiwo other companies, This story has | Am Zine. . 4 8% 10 |Int Harvater(6). 161 151 148% oy | Reading 15t(2).. 40% 41 40% 41 | 000, and the total resources of the been heard often before. The strength [ Am Zinc pf. 49 52w | IntMich DO320) 621 6206 624 64| peaging2a (2).. 43% 43% 43% 43% | main office and the four other banking ‘ fu Dodge Brothers, class A, Was|Anaconda (3) 47y 4w ntMerMarine.. Th % 7% ") RealSilk Hose.. 42 42 40% 414 | offices in the city are more than $38. Roticeable. Archer-Daniels 3 40% 40% | Int Mer Mar pf.. 37% 40% 37% gs Real Silk pf(7).. 95 95 95 95 '000,000. For the past five years the ¥"The motor group was not at all af-| Armour Il pf(7) 86% 86% R6% B86% | Int Nickel (2) 88% 38% 38 Remington Type. 117 117 115% 116% | company has pald 12 per cent divi- “fected by the break in Chandler Mo-| ArmourDel pf(7) ¢5 5 95 95 |IntTaver(2)... b7% 67% 6T BT%|por) e gteel... 11% 124 11% 12% | dends with 3 per cent extra each yeal Jors preferred, due to the fear of un-| Armour of Ill(A) 15% 15% 16% 15% | Int!Shoe (7). .. 161 161 161 161 ip. 7 g 51 (4). 66 b6% 66% G6%| In addition to President Bell, Favorable dividend action at Friday’s| Armourof TII(B) 8% 94 8% 9% |IntTel&Tel (5) 120% 120% 119 119% | p vy igospngs. 65 bW 65 5% | eral other officers have served the mceting. A, had o|ATROICn&Co.. 243 2% 24% 204 Intertype (11%). 221 22% 22% 22% | p vir bac B(5). 119% 119% 119% 119% company more than 15 years, amont |G - Continental Baking, class A, had 2| Asso Dry G(2%) 42 42 42 42 |JewelTea....... 48 46% 46 46% | Royal D (a3.078) 49% 49% 49% 49% | them being Corcoran Thom, B. Tlrt;ner rapid comeback, following the | Asso D G 1st(6). 101% 101% 101% 101% | Jones Bros Tea 9% 9% 9% 9% oy&, 3% 53% 53% Saul, Howard Moran, vice presidents: carnings statement published vester-| Asso D G 2d (7). 103% 103% 108% 103% | Jordan Motor 24% 24% 23% 24 |Safety Cable (4) B53% 53% 53% | Charles E. Howe, treasurer; David N. which pointed to a surplus suf-| Atchison (7). 158% 166% 167% StJoseph L(13). 40% 41% 40% Houston, T. Stanley Holland, Arthur day, which p (7).... 167% e siits ke ficient to cover the $8 dividend, al-| a¢] Birm & At % % % % Lo 1st (7). 114% 114% 114% 114% | StL & SanFr (7). 101% 102% G. Nichols, assistant trust officer: {hough little more. Bureka Vacuum | Atiant C L (110) 203 204% 203 204% };‘:: ;‘é" s'f’"(g‘; ;g 62% ég “w SlL&sSm:‘ pr(6) 95 gg“ g‘z‘” 2;’/4 and W. W. Keck and James C. Dulin, ew high record for L 16 16 o p! . St L Southwest. jr., assistant treasurers. h!?‘i‘if.r’"‘?{’ Saok ‘:er\'gmfle buying 2:.‘32??5{\{'[ .{5,‘;& }{g; 37y 88y | Kavser J (3). 44% 44% 44% 44% |Savage Arms... asu. 69% 69 69 Bonds and stocks were in about [L to bring about brisk advances in tic Refing. . 112 112% 110% 110% Kels Wh pf (7).. 116% 116% 116% 116% | Schulte (§8).... 49% 49% 48% 48%| cqual demand on the Washington some of the high-priced industrials 9% 9% 9y 9y |KenmecottC(5). 62 62% 62 62% |Seaboard ArL.. 81 33 31 324 |Stock Exchange today. Capital Trac- like J. I. Case, Continental Insurance % Kevstone T & R. 5% 5% % | Seab Air Lpf... 88 39 38 vs"/fi_, tion led the stock trading, opening at and Commercial Solvents, class B. | BaldwinL (7). .. 153% 155k 163% 164% | Kinney G R (4)... 43 43 43° 43 |Seagrave(el.20). 13% 13% 13% 13% 1043 and later advancing to 104% on Railway shares gave a better ac-|Balto& Ohio (6) 106% 107% 105% 107% Kraft Cheese.... 62% 62% 62 62 |Sears-R(n2%). 54% b56% b4% b4% | a 32.share turnover. Potomac Elec- count of themselves than they have | Balto& Ohpt(t) 73 78 78 18 |KresweSS(130). Bu% 65% 64% 66% | SenocaCoppor.. 3 3 2 ttlo, Power preferred came out, at ghavres of roafs] SEUESCITSR) .o T . s Shell Union (12) 30% 80% i ., Lanston sold ai 15, while . Nut et Darnsdall A'(2). 27% 27% 27 275 el i U g 100w "oy | Shubert The (). 60% 60% 60% 60% | Mergenthaler recorded the sale of one wwere again in demand, especially Chi-| Barnsdall B (2). 25% 25% g“f' éff‘ Tambert Co (5). 69% 69% 69% 69% |Simmons(t2.25). 32 33 32 33 |share at 1055. ) eago and Northwestern and Great | Bavuk Cigar. 2 2by ol v | Lehioh Val((5) 97% 101% 97% 1014 | Simms Pet (1).. 19% 19% 19% 19% Potomac Electric Consolidated 5s Northern preferred. Three possibili- | Belding Bros(3). 28% 28% 28% 28% 1.5 cminioir(3) 871 asw a7k 8 | Sinclair Oil.. 19% 19% 18% 19 |opened the bond market, selling at ties were suggested to account for | Bethlehem Steel. 46y 46% 464 46 oo, 60y 91 21 214 21y | Sinclairpf (8).. 97 97 97 97 !100%. Washington Gas 5s came out the strength In these stocks. One|Beth StIpf(7).. 104 104 104 104 Lig & M B (t4) 98% 98% 98W 98% | Skelly O1l (2) 34% 84% 384 24 [at 100, and the same company’s 6s was that the Northwestern roads|lloomingdale... 86% 361 36 884|100\ LS00 " 1o0s (o7m 1978 127y | Stoss.Shefr (6).. 127 128 127 12¢ d at 102%. The bond division closed might be going to get better freight|Booth Fisheries. T4 84 % B yii 1000 (4).) 64 64% 64 64's | South Port S (6). 166 - 169% 166 1 % With Georgetown Gas 5s selling at rates in order to remove the inequali- | Botany A (4). 24 24 24 Liq Carb (3.60).. B4 54% 54 54 |SouCalif Ed (2). S1% 81w 31% 2i . 93% on a $500 turnover. . ties with rates in most other sec-|BrigesMfg (3).. 26 27% 26 27% ;o4 CRID (300).. B3 47% 47 47% | Sou Dairies A(4) 48% 44% 43% 44% | The marked increase in activity on tions of the country. Another was|Bkin-Edison (8). 155 156 155 1253’5 Tioft. . % 7 6% 6% | Scu Dairles B. 20% 21% 20% 21% | the local exchange recently has caused that the Great Northern dividend at|Blkn-MnTr(h. 7ln 18% Ti% 72| 1ol osiosys 08 0 0% %) SOLPSIETE 106l 107 1003 107 [considerable _comment among the the coming meeting would be raised.| Bk Man T pf(6). 88 €8 88 Tioose Wiles. ... 169% 178 169% 171% | Southern Ry (7). 117 117% 117 11714 |members. Steady growth in the Another reason, which seemed quite | Brown Shoe (2). 33% 34 83% 34 172 172 172 172 | Southern Ry rts. % % % |amount of business transacted, as plausible, was that these stocks on | Brunswick Balk. 35\(- 37':/*» gi& ?f: 31 'S 80w '90% |South Rypf(5). 94 = 94% 04 a4% |well as a broadening of the mpor- the Tasis of their investment vield, | Brunswick Ter.. 16% 16% 15% 15% ) bari/are (48 14% 16% 14% 15 | Spaulding pf(7). 103% 103% 108% 1033 |tance of the exchange, are now being had-been a good deal behind the mar: | Burns Bro (10).. 126% 13& 1;372 lggw L oI BE (o). 551 Ion ‘oot ‘st | EatecsBee. 92% o4 22% v3% |predicted for the coming year. ket and were mow getting nto U | o e Con (300y. 4% 4% 4% 4| LouisGasACL7S) 24 244 24 24 |Spicerpf (8. 105 105 105 105 i Company Advances Officers. The buying of New York Central, Ludlum Steel(2) 26% 28 26% 27%|StdGas&Elgd. b66% 06% 556% B5%| v . Atchison and Southern Pacific was | Butte&Super(2). 12% 13% 12% 13% 2 S e EIT%). bW Bow bew oere| I H. Edwards, jr. formerly an as fmpressive because these stocks had | Butterick (2). 53% 54% | McCroryB(11.60) 78% 78% 78% 78% | Sed il (5) ... 72 7o% 72 72 | Sistant national bank examiner, has been hanging fire for the last two or | Byer & Co.. 41 41 41 | Mack Trucks (6) 98% 99% 98% 98%|giq0flCalf2%. 684 65% 68 58w | Dcen made treasurer of the F. H. three weeks. Few developments could | By-Products (2). 9% 79% 78% 78% | Mack Tist (7).. 111% 112 110 111 |gtq0 NJ1112% 87% 37% 37% 375% John S. Farquhar has been havi led more strongly to spee- g8y | Mack Trk3dpd. 105 105 105 105 V 2% 2% 2 2 |clected assistant secretary, as have ative. Centh v AP ThED) < 80 o0 oo StdOllof NIrts 216 Paul J. Dundon and Bernard F. Vieh- ulative sentiment than the sudden | calit betroj(2).. 81 Slw 31 81 |Macy HR&Co.. 121% 122 121% 122 | Stq Qi Ny pt(T). 1164 116% 118% 116% o L R successful taking up of these and|CallahanZinc... 1% 1% 1% 1%|MagmaCop (3).. 36% 36% 854 864 | Sior on N v ‘3or 807 8914 3%% e oo aoman fan R other dividend,paying stocks. Lehigh | Caiumet & Ar(6) 671 681 64 68 |Man[EISup (5).. 56% 58% 56% BT%|Siomert War(6). g 6o% 66 o6 e e Yalley crossed the 100 level for the|cCalumet&H(1%) 16% 15% 15% 15% ManElmg(D5) 61% 652 61 51% | Serombers (6). 55% 63 554 | staff of the company as follows: first time this v Non-dividend: | can Dry (c2%). 374 81% 374 87%|ManilaBlec (2). 40 40 40 40 "|Siudehator (5) Al e L s L e paying rails like Wabash, Kansas CIty | can pacific (10). 164 164% 16315 163% | Maracaibo Oil... 20% 20% 20% 20% | Submarine Boat. 8% 2% 2% board; Samuel J. Henry, president; C. Southern, Missour Pacific and the | Gase Threshing. 150 162% 150 150% | Market Street 8" 5 5 |Superior Oil. roli st el B L el Seaboard Alr Line responded rendlly [icentrat Atlov(2) i0% "30% “30% ‘30 MaiaTi oll (). IECE gg“ San 55%|Sweets of Am. 18% 10% | retary: J. H. Edwards, jc., treasurer: to the new buying movement as it | cent Leather. g% s § 8 |MarinRock 123 28% Svmiigton: .. % 0| WD Wilson, aBCAUN A e spread through the railway list. Cent Leather pf. 61% 5li Sl 5lw| Nathioson (6. 02 824 82 82 Symington A(2). 124 12% 12% 12%|John S. Farquhar, Paul L. Dundon CemtLeaptetfs. Bl BL 51 Bl |30y eio (2, ‘5o 2% ‘govw ‘39%|Tenn Cobper (1). 10% 10% 10% 10% |and Bernard F. Viehmann, assistant CerrodePas(15). 64 64% 64 64s ) VAVIAR (O (D). o = 2‘* 22% Texas Co (3).... b1 614 B7 BTy | Secretaries, and Gerald R. Trimble Baltimore Markets ol il e ,;;; Mid-Continent. . 0% 314 ao% am Texas Corpn (1)’ 674 §7% 66% 67 |and Lewis B Thomas, assistant treas- oyt 2 Middle States. . . Tex Gulf Sul (4) 49% 50% 49% 5Oy | Urers i s : SOl e e 25 | Mid States O ot e Tex & Pacific.... 60% 51 ‘50% 51 | -Visitors k;‘r',e;l;s e the lxgl ;1,2:3 EaumoR, D‘;f.;‘\'fr‘:‘“’ 51‘1“’,@2') Ches & Ohio (112 159v. 161% 169% 1604 B ol 11}“ o D . ot s I e ana many, of the other bankers TS & Chi & Alton..... > s - e = in the city have been visiting the vari- burrel, 2:262.75; vams, | Ch1 & Aten, aoi 30w 30w Gow|MinStP&SSM. 833 33 824 8oa T o a0y, 1% 41 o 4o |ous classes and hearing the lectures beets, 100 | Chi Gr West pf.. 4% 54 24l S e Sow oew|Tide water(i%) 28% 28% 28% 28w |DY the tnstroctors: Je Iish chtic Chi Mil&StP.... 9 9 9 & = o 3 ter of the worl as made a strong Chi MIIGStPpf.. 19% 19% 19% 19% | Missouri Pacific] 38 39 38 38k e O bI(D) B o™ Baw Bo% ! impression on all the visito C M&StPefs.... 9 9 9 9 [MissourfPacpf.. 89% 91 894 90% Tab e o Dollars and Sense, official publica- C M&StP pfofs.. 19% 19% 18% 19 | Montana Pow(5). 83% 83% 828 83% °b“1§ ;“Am tion of Washington Chapter, Ameri- 100 s, [Chi&Nwn (1).. 78 8% 78 19% Montemry W(l). 674 €8% 6Tk sk | fob EroC AL can Institute of Banking, has sud- .00 e | Chi RI& Pac... 68% 69% 68% 68%|MoonMot (1%). 13% 13% 13% 135 | Transcon denly jumped into national fame. The 1300 eBE: (R T& P (6).... 9T% 98 97% 98 |MothrLode(T5c) 8% 4% 4% 4% | Underwood (4) first_ article in_the latest issue was § CRI&Ppf(T). 107% 107% 107% 107% | Motlon Pic (1. 18% 13% 13 13% | Union Carb (6) on “A Sound Banking System.” It 3 aeince, Childs ($2.40)... 51 51 50y 50t | Motor Met(3.60). 36% 87 86% 37 |un Oil (2) appeared under Secretary Mellon's onions, 100 pound A 32% #3% 52% 83% | Motor Whi (2).. 21% 21% 2:% 21'/. Un Pacific name and so important did the Asso- plants, 100 pounds, 37 8714 874 871 | Murray Body ] Un Pacific pf(4). 80 80 80 ciated Press consider the opinions ex- Chrysler Corp(3) 87% 87% 387% 87| Murray Body & o 0% o Un Tank Car(5). 118% 118% 118% pressed that his views were wired all er pfA(8). 104 104 104 104 5% 68% 69 gz |Utd CigarS (c2). 99% 99% 98% over the country, due credit being Coca-Cola (7)... 169 169% 168% 169% o7 98% 97 g7y |Utd Drug (8)... 166 166 164% given to the local publication. Coliins & Alk(+). 59 59 58% 5% | Nat Biscupf (1) 130% 131 130% 191 | United Fruit (4). 120 120% 120 Mrs. Maggie L. Walker, for 10 years Col Fuel & Iron.. 46 46% 45% 46% s 10% 40% 40 Utd Paperboard. 174 1T% 17% at the head of the St. Luke Savings 3) 8 86 86 86 | 40% | 1S CTPAF(10). 229% 231% 229% Bank and Trust Co. of Richmond, ad- Col & Southn (3) 5o Mo, =ao’ Wep :‘a:;‘l‘oai&fsglt ég'fi ;5% 19% 19% USCIPpf (7). 108 108 108 dressed colored citizens~last night at ; [ 89 89% 8% 88% | Nat Dairy (0 0% 4 ok ooy |US Distributing. 54% 57% be% the Vermont Avenue Baptist Church = . % 71% 3%). 66% 66% b6k on development of business interests Col GRE pf A(6) 101% 1014 101% 1014 29 20% 20 29%|US Hoffn(t3%) ! 4103 oranges, L5004, Col Carbon (4).. 68 68% 68 68% B USIndAlcohol. 8 84 828 of the community. She is the only co ay and Grain Prices. S R e e 0% o e et T BE(T). 108% 108% 1084 ored woman at the head of a hanking Wheat- red Winter, dom Com Inv (3.60).. 59 59 59 59 1% 1% 1% 1% |US Realty (4).. 62% 62% 62% institution in America. £pot, 1. red Winter, garlicky, | Com InTr pf 6% 93% 93% 8% 93% | Na¢ Supply (16). 83% 83% 83 837 | U S Rubber.. 58 b58% b8 foulrherrvl\'Dalrl‘e;, ln;:., ;«;%r‘tss gross spot, 1 % Com Solv B (8).. 22T% 228% 227% 228% | Nevada C (1 5% U S Rub 1:!(3). 108% 108% 108% sales for November of $777,245, com. Corn—Domestic, No. 2 vellow, 90,|congon To0w 20K 20 120 | ranC @)L b G1e. a8l asell S ot ). 96 86 b pared with $601,476 during the same No. 2 spot, export, no quotations; No, | Congeleum ? R ;“f(f;‘“t‘;;fi” . lgfi‘/‘ ,fiéfi Igfi% ,gfi'; month of 1925, an increase of 25 per : 22 : N ssCgr(8) 53 b4 63 e 34 13 cent., 8 spot, export, no qlf(m?hmfi Cob :‘gxli::’mrss:_;().). ol o & (Y Chi&SEL(11) 198% 190~ 188% 189 Lo : . ™ SIAS5 per | Consol Gas (5).. 110% 110% 109% 109% | NYCESEL pf(6). 10214 102% 1024 1024 | U S Steel pf (D). 128% 19 1284 e — Py OOMAN0 PEr| IRRCubaprs 70% 724 o 72| XY Dockat (8. Tl 0% Al CiivestuEo 28 ST 40 PCT. STOCK DIVIDEND earby, 85a95 Consol Textile... 4 4 % NY ) art.. of nearby, 85235 Per | ontBake A (§). 64% 68% 64% 68 |NYOnt& West.. 23% 23% 234 23% | vanadium (t4) DECLARED BY UTILITY __Receipts, 70 tons. The best |C ingB.. 8% 9 8% 8% | NY Ryspartefs. 14% 14% 14% 14% | vick Chemical. for hay for those sorts|Cont Bakpf (8). 89 90 89 80 |NY State Rys 13% 13% 13% 184 |va Caro Chem. e a he: ‘mixture of clover | Cont Can (16)... T 5% ;5 6% ‘\'m;—rl‘kné(l:é . 33 S?’ :_9' 29 vVivadoupf (7).. 85% 86% 84% American Gas and Electric Will p traight No. 1 clover. Of these | Cont Insur (6).. 139 140% 139 139 | Norfolk South.. &Eim\rdlgfi; the mmip:s are light and | Cont Mot (80¢).. 11% 11% 11% 11%| Norf & W (110). 157T% 168% 157% lss Cut Big Melon With Sharehold- keeping closely cleaned up. Timothy | Corn Prod(f2%) 50% B5l% 50% 61 |Norf& W pf ():). 8’4,\4 84% s;r 84k | O worth (1) 16% ers on January 3. hay in ample supply, and only the |Corn Prod pf(1). 127% 127 127 127 |NAm(10% stk). 47% 48% 47% 48% N lins better grades coming in for any atten- | Coty Inc (4). 61t 62 0% 6lw|North Ampt(). B1° Sl 51 bly|Ward BaknE oo 0% ooy g2 B Aiie Ausbelatedl Brsss, tion. Low-grade and damaged stuff | CrucibleStl (5). 78% 79% 78% 79% | NorAm Ed BE(. o S86 88 f9e g WRtBICIS T ik dth NEW YORK, December 9—Direc- has no definite market value. Cubn Cane Supf. 48 8% 4T 47| NorthPac ()... 80w Blk 80% 81y | Warner Aol i fgy sey 5ok {ots of tHa ArieHioant Gos ao e et : today, per ton—No. 1cCubaCo(4)..... 8. T B sswean Sup (). 1% 3% A% a1 Weber (4)... - 60% €24 60% tric Co. today declared a_stock divi- 4.50; No. CubanAm S (). 24 24 204 214 i) well Spr.... 109 109 109 108" | wenrp popi(6). B2 102 102 Hoid of 40 1 ceit o the cunuish 2 3 timoth; Cuban-Dom Sug. 18% 19 18% 19| On i) > 15 15k 18w 1w | West D TOPE(T). 118% 114% 113% Lo 3 light clover, mixed, Cudahy (new).. 53% b63% 62% 63 | GURCNTGINGT 31k 81k 81 8 West Maryland.. 124 124 12 The company, which operates 2 light clover. mixed. | Cuyamel Fruit.. 34% 34% 33% 83% | oi'met o6y mm ““ mm lam Wt Masdpt... 21% 214 21% iEolan) SubAIMIAVIShE Sl nesrr 650 1 clov Hasthiah Hwex&nud (9)... 170% 170% 170% 170% | Otis Steel. e Tacfc. 324 824 82 Shnmunit s lodaredi L enisyIva nlak Straw—No. 1 wheat, Del L & W (17).. 144% 146% 144% 145% | Outlet Co ( 51 51 51 51 £ (6). 81% 81% 814 Ohio, Indiana, West- Virginia, New 3 N 14.00al. 0 r ton. ‘West Pac p! ton; No. 1 ‘1 t, l‘ “k-; P“m“m' DRGWStpf... 42 43 427 43 |Owens Bot (14). 85% 864% 85 86% | westhse A B (7) 1414 141% 140 Jersey, Michigan, Kentucky, Virginia s S bound, Detroit Ed (8)... 186 187% 136 13T | pacific Gas (8).. 120% 130 120% 130 Westinghse (4). 68% 70 68% and Illinois, has 2,250,000 shares of no e e Detroit Edrts... 8% 3% 3% SW|pacoilStubs... 1% 1% 1% 1% | weston Elec. 16 100 18 par stock authorized, of which only a B0, AOpEink p:m)r and thin, 1 Dodge BrosCLA. 26 26 16 = 26%|packard (12.90). 34% 5% 24% 854 | Wheel & L Erie 23‘/- fl: ol little more than half is outstanding, ducks Dodge pf (7).... 83% 83% 831 83% | pajge Motor.... 11% 12 11% 11%|wheel& LEDf.. 4 e e S0 that no increase in authorized capi 1 thi 2 uinea | Du Pont (112).. 167% 168. 167 167 | pan_am (6) 62% 62% 62% 62% | white Mot (4).. B57% i tal stock will be necessary. . ol i e pieon: -, 30235, | Duquesne pf (7). 116% 115% 115% 115% | pan-Am B ( 62% 62% €2% 62% | white Rock (12). 27% 521:/: . The stock dividend and the regu- D " poultry—Turkeys, pound, . 122 122% 122 122% | Pan-AmWnB(2). 33% 38% 331 331 | wwhite SMpf(4). b4% et lar semi-annual dividend of one-fiftieth 2 poor and 24% 24% 24% 241 | Panhandle...... 15% 15% 15% xs% Wickwire ctfs. - % 215 of a share in common stock and the ; chickens 12 12% 12% 124 | Park L'mh(snc). 6% 6% “ulys.overllnd 21% fih 11 regular quarterly cash dividend of 25 ducks, 2 El AutoLt(t6%) 67 67 67 67 |PatheEx(c3). ;: ;g% ;é% 42 Wmon&coi}{)“ ;;% 26% 26% cims ur; ]gz;yablge.!afiuury 3 to stock 3 Boat 11% 11% 10% 11 |PeerlessMot.... 26% | wilson & Co : of record December 14. 624 cases; native U:ler'locue‘;kx, 18% 19% 184 184 Penick&Ford(1) 23 28 28 23 |\Wisonpf (3%). 12% ;g% lgg“: An_initial dividend of 50 cents T hearby fitsts, in free cases, of-| Bleo P& L pf(7) 97 97 96% 96 | Pa Dixie Ct(80c) 38% 88% 38% 385 | woolworth (16)- 1854 1 = BionEhlyE alsol wabl declizealt ont thi and nearby g £ 0% (1) 104% 104% 104% 104% | PaDixCtpf (). 99 99 89 g9 (Woo N oump. stamped no par preferred stock. B St Yoz ca) 85% 35k 38% 34n |PenmaRR (3%) 66 06% 56 5o | wortn Pump(A R The stocks of the company are G 50as6: prints, 66a58 coSto Bat(16) 8% 52 81% &1 | Penn-SeabSteel. % &% % g Wortn Pump(B) 404 40 40w e den b e e e T l’& Jadles, 30; rolls, 23a28; store-| Bmrsn-Brpfcfs 8% 8% 8% g% | Peoples Gas (8). 129% 130% 129 1303 wrig Wm (14).. 524 gg:/’: o Ket. f,‘-ufii(e.x : process butter, 36a37;| Ena-John (5)... 8% g?': ggv. gsm Pere i{arq(("sfi)).. I;g* 1;3“ ‘;§ 118 | yellow Tr <11(ac)) 351: 100" 9o% e g b Lk ATy Drints: 2328, 23 34, | Pere M prior(5). % 931 | Yel Tr&C pf(7 ND: ksl sus 867 8is 05"\ pereMarapf®). 83 88 s 88 Yo mgstown (4). U5t 86% 6% EEDEBALM.’ MLANB D EANS K fi,?,. S. £(7).124 124 124 124 |Phila& RC&I.. % 424 423 . Market. (Quoted by Alex. Brown & Sons. ng.) @ 5 485% 48% s % % .m. Ll ‘"‘.’:;'I:,‘L“J ey 1}_:3::319;}! 46;: don f6w sod|pierce-Arrow.. 2 2K 23 Lo . 961800 2pm. 128&.70:! i03% 108 sower l'“ s % 3 % 23% 23% 3% Pierce-Ar pf (8). 08 tes as eiven in the above table 193 108 stimulus to s s 5 | Pierce Petrolm. . I - market is dormant and many Gealers Famous Pl 8. 118 118% 1174 LR ity 85% 98 . extra or special divi Wl i Bolding desirable sorts of Ohio staple | LeiT i hr(o1.40) 42 i) SO % 11 1% 101 are withdrawing their offerings. A | peg Min & Smelt 87 FE D estios >, ite, 100, 1100, fos® o3 few sales of delaine have been made | poq Minpf (7).. 5% T4 6% 764 pyigg w Va(s) 119% 1274 119% 127 1021 102 3% 45 cents grease basis. Strength of |ReQ MR 440 27 28 27 27 | Eltts& W Va() 99% 9814 98y o3 mza i the markets in Australia is support-| o/ g¢ NatS(13%) 31% 81% 81 31 o, 53¢ Redners. 15-4. 18% 184 18y 6-34 100% 100 ing foreign wools, but South Amerfic;r; Fick Rubber. . 16% :g% :g% :g‘/: Pub Serv NJ (2). 82% 82% 324 82y S et of fhe imports at_present | Fietechmnif2) 45, 302 35 o | FubServof (6). 100 100 100 1004 3 " | POULTRY MARKET STEADY. are from Australia. f-z:'}rfim,\ (4).. 2% 124 Tk T2 {»fig'ss Popttn) 10 1M k4 116 a share quarterly in | CHICAGO, December 9 (#).—Poul- | Freeport.Texas. 34 34 33% 38%| L0000 oo (s).. 188% m:u 1881% 189 ;r)'.I nl;;:-z ,m’fl’;‘, 'ecl'éif{f lf‘i‘ rf:;; | 4 ) tock. 'owls, 3 3 5 yS, SILVER QUOTATIONS. |gaurielsn @), a1 316 sm " ap B ety soi 17, o sen 0. apavave | 155" v ducks, 20222; geese, | bR Sttt Sk (Mw 49% 9% 49K 495 RadloCorpofds b 68 6% 57% SMmi% ‘34 20821, Bell Tel Pa 55 C Beth Steel pm 5s. Beth Steel 5165 53. Beth Stee! 6s. Brier H St 1st 5%s. Bklyn Ed gen 5s RKlyn Union 5% Cen Leath 6s 45 cfs 10 Chile Copper 6s 32. 539 Col Gas & El 5s sta. Col Gas & El 5 Con Gas N Y Consumers Pow 5: Cuba Cane cv 8s Denver Gas 5s Det Edison 5s 40. Det Edison ref 6s Dodge w i 65 Duquesne Light Ss Est Cuba Sug 7%s. Empire G & F T%s. Goodrich 6% s Goodyear 8s 1931 Goodyear 8s 1941. Hershey 5%s. Hoe & Co 6% HumbleO& R5%s 6 Tilinois Bell 1st 5s. Indiana Steel 5s Int Mer Marine Int Paper 5s 47.. Int Paper 6s Int T & T 5%s. Kan CP&L 5s A 52. KanG & E1 65 52.a. Kelly-Spring 8s.%.. Lackawa S 65 50. Laclede G 5%s52... 6 Manati Sug sf 7%s. 22 Mid-Con 614 40. 4 Midvale Steel 5s 9 Montana Pow 5s. New Eng Tel 5s. N Y Edison 6%s. .. NYGELH&P 4s. N Y Tel 4%s. N Y Tel 6s 41 N Y Tel 6s 49 North Am Fd 6s. North Am Ed 614s. Nor States Pow 5s. Nor States Pow 6s. Pac Gas & El 5s. Pac T & T 1st 5s. .. Pan-Amer Pete 6s. PhilaCorf6sA.... Pierce-Arrow 8s. Public'Service 6s Public Serv Elec 6s. P Serv Gas 6%8 59. Remingtn Arms 6s. Sinclair Oil 6% Sinclair Oi17s. Sin Crude Oil 6s. Pipe Line 5s... 2 Shuthwest Bell 5s.. 3 103 Toledo Edn 1st 7s.. 8 107% United Drug 6s.... 7 107 US Rub 1stre5s... 42 95 U S Rub 7%: 2 106% U S Steelsf5s..... 8107 Utah Pow & Lt 5s.. 13 98% Va-Car Chem 7s... 2 107% Vertientes Sug 7s.. 25 99% Warner Sug 7s39.. 5 176% Warner Sug 7s 41.. 16 94% West Elec 5s...... 4 101% Westn Union 6%s.. 2 111% Westinghouse 5s... 19 101% Willys-Ov 635 33.. 15 101% Youngstn S&T 6s.. 10 168% 105% 107% 105 105% 110% 120% 101% 97% 102% 103 104 96% 967% 993, MARKET LEADER Trading ls Heavier Today German Government 7s Are a Feature. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 9.—Buying of high-yielding bonds went on todaf with unabated vigor, and prices foi the leaders were pushed up in manj instances to new high records for thi year. Activity increased also, sale during the first hour running $1,000, 000 in par value above the same Do riod on the previous day. The outstanding feature was tiy German government 7s. There was veritable scramble to buy these bondi directly at the start. They had close on the preceding day at 1061, aftei having established a record high o 106%. They opened today unchanged but as the buying orders came rat up to 107, where a block of $66,00( par value was taken, and then thy quotation jumped to 1073, where § was 21 points above the price al which the issue is callable for thy sinking fund and 15% points abovt the figure at which the bonds wer originally offered in October, 1¢ There was no explanation for 1 sharp advance except that of attr: tive yvield and the activity of the In vestment trusts, which have been ac cumulating a diversified list of du sirable foreign bonds. Attention was then turned to Gen man provincial, municipal and _inlus trial bonds. Westphalia _Electric Power 61s advanced t where they were up a point and a half fr the low of the day before. Belg issues held firm, the new stabili tion loan again selling above j Poland §s which had made a new 1 top on Wednesday also held most « their gain. { 102 102 102 10 82 82 82 Bklyn Manhat 6s... 45 98% 98% 9% Buff R&Pitt4%s.. 7 93% 93% 93% Can Nat 4%s 54 95% 95% 954 Can Nor 4165 1935 96% 96 96K Canad North 6%s 117% 117% 117% Canad North 7s. 115% 115% 115% Canad Pac deb 4 84% 84 8i% Cent of Ga 6s. 102% 1024 102% Central Pacific 4s 92 91% 91 Cent Pac 1st 5s 90 101% 101% 101% Ches & O cv 434s. 99% 99% 99% Ches & O gn 41 97 96% 96% Chi & Alton 3%s. 61% 61% 61% ChiB & Qgn 45 53. 93% 93% 93% Chi B&Q1lstrf5s. 2 106% 106% 106% CB&Q-II3%s.... 3 86% 86% B86% Chi& E1gns5s. 81% 81 8L Chi Great West 4s. 110 70 69% 69% CM&StP4s25...124 58% 57 658% CM&St P 4525 cf5.123 67% 56% G7% CM&StPdb4s... 5 574 67% 57% CM&StP deb 4scfs. 36 67 66% 57 CM&StPcvidls. 112 67% B66% B7% CM&SPcv4ls32cfsl24 674 66% 5% CM&StPgn4ls. 7 95% 95% 95% CM&StPredlss. 112 68% 5% 58% CM&StPr 4%s cf|uz7 BX b6% b58% CM&StPcvbs 56% B56% 56% CM&SP cv 58 cfs 14 77 55% 56 5Rk Chi & NWref5s... 3 103% 108% 103% Chi& NW 6%s.... 1 111% 111% 111% Chi&NW7s...... 2 106% 106% 106% 73% 73% 73% 87% 87% 874 $2% 92 924 ChiTH&SE5s. 94% 94% 94% Chi THinc6s60... 5 83% 87% 8%% Chi Un Sta 4%s 97% 97% 9% Chi Union Sta 5s. 104% 104% 104% Chi Union Sta 55 44 5 102% 102% 102% Chi Union Sta 63%s. 2 118% 118% 11F% Chi & W Ind cn 4s.. 86% RG% 8T C&WI5%s62 108% 103% 103% CCC&StLrf6sA. 25 102% 102% 102% Clev Term 5s.... 104 103% 104 Clev Term 5% 108% 108% 108% Colo & Sou 4%s. 96% 96% 96% Cuba RR5s... 94% 94% 9% Cuba RR 7%s 108% 108 108% Del & Hud 1st rf 4s. 94 94 04 91% 90% 9% D Rio G West 5s. 76% 76% 176% Erle 1st cons 4s R0% B80% 80% Erie gen 4s. 3% 2% 78 Erfe conv4s A. 79 8% % Erie conv 4s B 79 78% 7 Erie conv 4s D. #3% 88% £3% FlaEC5s74. 69% 99% 99% Grand Trunk 7: 116% 115% 116% Gt Nor 41%5 76 D. 93% 93% 93% Great North 5s. 102% 102% 102% Great North 5%s 107% 107% 107% Gr Nor gen 7s 174 113% 114 Hocking Vab4%s 9% 9TH 9T% Hud & Man ref 5s 98% 98% 84 Hud & Man aj 5s. FA% RAW F4% 111 Cen 4% s 66 961 96% 96l 1l Central 53 103 102% 108 103 102% 103 Int Rap Tranfs... 66 79% 78% 79 Int Rap Tr 5s stpd. e Int Rap Tran 6s. 83 1% &2 Int Rap Tran 7s 98% 98 98% Int & G Nor ad 65 83% 83% 83% Towa Cent rf 4s. 16% 16% 16% Kan City Ft S 4s. . 92% 92% 99% Kansas City S 3s 8% 3% 78% KansasCity S5s... 3 99% 99% 99 Kan City Term 4s 88% £84 88l Lake Shore 4s 28. 99 98% o8% Lake Shore 4s 31. Lehigh Valen ds. .. Lehigh Val 5s 2003. 106% 105% 105% Louls & N uni 4s 96 96 96 L &N 4%s 2003 99% 99% 99% Man Ry 1st 90.. . 67% 674 674 Market St 7s 40. 11 9% 94% 94% Mil El Ry & L 6s. 984 98K 98y M&Lrfex5s.. 18% 13% 13% MStP&SSMcnds 18 89% 89% 89y MStP&SSM6%s. 1 102% 102% 102% MK&T 4s B. 2 85% 85% 8% M & & T adj 165 97 6% 97 MK&TprInssA. 15 101% 101% 101% Mo Pacific gen 4s..401 5% 75 6% Mo Pac 55 1965. 7 99% 99 99% Mo Pac 6s 49 D. 11 106% 106% 106% MoPac6s55E..... 4 106% 106% 106% Nassau E Ry 4s57. 3 60% 60% 60% NOT&MinS5s 6 99% 99% 99y NOTex&M5s 5 100 100 100 NOT&MG5%s.. 5 104% 104% 104% NYCengen3is.. 4 80% 80% 80% N Y Cent 4s 98. 2 89% 89% 89y N Y Cent deb 4s 7 96% 96% 9A% NYCrfim4%s13. 2 984 98y 98y NYCentribs..... 21 105% 105% 1051 NYChi&StL5%sA. 11 104% 104 1044 NYChi&StL 5%sB. 6 104% 103% 103% NYC&StL6sA.. 2 102% 102% 102% New Havdeb4s57. 7 68% 68 gay New Havencd6s.. 1 105% 105% 1051 N Hav&H clt 6s40. 2 102% 102% 102% NYOntWistds.. NY O&W gen 4s 55. N Y Rys 6s 65 NYRys6sA65.... N Y State Ry 4%s.. NYStateRy 6%s 62 NYW & Bos 4%s.. Nor & S gen bs 54. Northern Pac 3s. Northern Pac 4s. . Nor Pac 4%s 2047 Northern Pacr i 6s. Ore Short L rfs 4s. Ore-Wash 1st 4s. Pennsylcon 4%s... Pennsyl gen 41¢s. Pennsyl 55 64. Pennsyl 6%s.... Pennsyl gold 7s Pere Mar 1st 4s 56. Pere Marq 1st 5s. PCC&StL5s B 75. 19 PorRL&P6s47.. 1 Por RL&P T%s 8. 1 Reading J C 4s 51 1 RioG Wist4s..... 3 Rio G West cl 4s... 10 RIArk& L 4%s... 27 St L IM&S R&G 4s. & StL&SFpl4sA.. 43 StL&SFprinbs. 29 StL&SF5%sD.. 3 StL&SFadjés... 24 StL&SFincés... 'I'I StL&SFplésC StLS W ist s St L S W con 4s32. St P & KCShL 4%s. San A& ArnPds.. 11 Seaboard AL 4s sta. 11 Seab A Lref 4s....118 Seab A Liadj 5s....133 93% 101% 1013 111% 111% 101 101 101% 101% 108% 103% Sou Pacificclt4s... | 88% 88% 88% Sou Pacificref 4s.. 43 93% 934 b3ig Southern Ry gen 4s 23 86% 86)% 86% Sou Ry Con 55 94... 12 107 107 107 Sou Ry 68 56. . 2113 118 113 Southern Ry 6%... 13 119 118% 118% Term Asso StL5s. 4 102% 102% 102% Texas & Pacific 1st. 2 106 106 106 Third Averef 4s... Third Aveadj 55 Union Pac 1st 48 Union Pac 1strf 4s 22 91 90% 91 Union Pac 4s27.... 6 99% 99% 99% Virginia Ry 1st55. 2 103% 102% 102% VaRy &P 5s .16 99% 90 994 ‘Wabash 2d 58 . 6 West Maryland 4s. 61 5% 175 15 Western Pacific 5s. 6 99% 99% 99% West Shore 1st 4s.. 2 86% 86% B86% Whel & LErf4%s. 6 90% 904 90% Wilkes & E 1st55.. 4 72% 172 124 STEEL ACTIVITY UP. NEW YORK, December 9 (#).—Op- erations of the United States Steel Corporation have taken a spurt, cur- rent production being estimated at better than 80 per cent of capacity compared with last week’'s scheduled rate of 76 per cent. The average for the entire industry is now placed at about 73 per cent, a gain of 3 per cent over regent weeks, The two leaders in the industria group were the same as the day fore, namely International Mercantile Marine 6s and Chile Copper Ma rine 6s were taken in large volume up a point apparently on the report later demnied, that the company would dispose of more steamers to Britisi interests. Selling above 97, the price was within less than 2 points of ths record for the year. The advance ir the Chile Copper issue was equally conspicuous. ~ Bonds changed hands at steadily rising quotations until the price got to 108, which represented a gain of a point and a half, addeq to the striking runup of the day befre. There was still no news to accourt for the buying. The maturity yvield at the market is so low t bonds could hardly be wanted for an: thing else than their convers privilege. The improvement group was not as spectacular but more uniform. All the higher yield ing junior bonds were in demand at one ‘time or another. Seaboard Alr Line consolidated 6s and Missourl Pacific general 4s were among the leaders of the movement. The Sea. board issue made a new 1926 high as it touched 97. Seaboard refunding 4s, which have been neglected for in the railway months, joined in the advance today There was good buying, too, of tha more conservative issues, but smaller price change. ing Erie prior lien 4s, Baltimore and Ohio, Toledo-Cincinnati division 4s and Norfolk enuzhem 5s. . WHEAT VALUES SAG; TRADING CAUTIOUS Dealers Appear to Be Awaiting Developments—Not ~ Inclined to Press Selling Side. By the Associated Press. CHICAGO, December 9.—For the most part, traders appeared to ba awalting developments in the wheat market today during the early trans. actions. There was evidence of disin. clination to press the selling side, but absence of buying permitted wheat values to sag when rallies proved feeble. Starting unchanged to %aq off, wheat hardened somewhat, and then underwent a moderate general downturn. Corn and oats turned easy, corn opening unchanged to e up, but later showing declines. Provisions were firm. Interest in the wheat market today centered largely on the action of the December delivery. That month con- tinued to show a ntial discount under the May pric Some authori- ties asserted thas notwithstanding liquidation of December holdings ye: terday, millers have large amoun of wheat on hand, and may have diffi culty in disposing of their flour the first six months of 19: Bear leaders in wheat contended also today that there is no question the wolrd has a surplus over and above requirements, and that North American wheat would have to go to competitors’ levels. This was con- strued to mean a decline to a full shipping difference below Kuropean markets unless the world supply si uation is changed by crop damage. WHEAT— High December . < CHICAGO LIVE STOCK MARKET CHICAGO, December 9 (United States Department of Agriculture Hogs—Receipts, 35,000 head; general- ly 10 to 20 higher than yesterday average; top, 12.00; bulk desirable eights 130 to 310 pounds, choice light lights upward to 11.85; most slaughter pigs, 11.50u 11.75; few, 11.85; bulk desirable pack ing sows, 10.65a11.10; few light weights, 1 heavy-welght hogs, 11. medium,” 11 11.95; light, light lig 11.40a11.85; packing sows, 10.40al11.25 slaughter pigs, ‘11.40a11.85. Cattle—Receipts, 11,000 hem; year lings active, strong; weighty steers uneven, steady; more life to general trade; fat she stock, heifers, strong to highe lings, 14.00; several loa 1, to 1,600 pound steers, 9.00a9.40; stockers and feeders scarce; higher for the week; bulk, ; spread between yearlings and heavy fat steers widest ; bulls, 10 to 15 higher; veal ers weak; mostly 10.50a11.00. Sheep—Receipts, 21,000 head; verv slow; choice lambs scarce; around steady; bidding weak to unevenly lower on others; few sorted fat lambs to shippers and city butchers, early. 13.00a13.15; lighter averages held higher; practically nothing done on other grades and classes. S S S BUTTER IS HIGHER. CHICAGO, December 9 (#).—But ter, higher; recelpts, 648 (uhsdrmm ery extras, 52 extra firsts, 4 onds, 37a4 2,736 cases: 42a4 firsts, 38adl; |efrl1.,er.:|ul xtras, 3oa 85%; refrigerator firsts, 33%ad4’%.