Evening Star Newspaper, December 11, 1926, Page 24

roe ‘= - £ ! 21 FINANCIAL. THE EVENING STAR, WASHINGTON, 'D. C., SATURDAY, DECEMBER 11, 1926. FINANCTAT. T0CKS CONTINUE | TNEW YORK STOCK EXCHANGE | |D- G- BANKERS HONOR . 5. HIBBS | [oxwew vou_BONDS mocxsscawve] | PRICES ARE STRONG Reccived by Private Wire Direct to The Star Office Recetved by Private Wire Direct t ire o e Open. High. Low.Clow Open. High. Low. Close. o UNITE ! K . Abitibt Pow (4). a7 AR LS D STATES. i RAILROAD. | Ablubi Pow 1), 8TW N7M §7w 8T Granby Consol.. 6 304 36w 6 Dean of Washington Brokers 2 (Baieg aro 12 31.000. A Asbor ..., 24s% HtD. Tow. Close 10% 10% 10% o' 83 £3% 83 | Ad Rumley pr(3) 35 AR S 83% . High. Low. Close. —_— % 85% 35 35 GtNrOre(t13). 189, . 4 Lii - Ahumada(t60c). 6% B% 5% 51, Grt Westn Su (8) 1<l>7n' l}g: 10T 1108 Is Presented Flowers by 1 i m s, 36 100 25 100 22 10025 92% 92% Continental . Bakin G777 [Alr Reductn(16) 140's 141~ 140% 141 | GreenCanan.... 814 31% 3iu 31% 5 T 1EAs. st IR TLIeA Lt S 3w . g | Aax Rubber.... 715 " % 71, 73 | Guantanamo 10 104 10 10 Stock Exchange. | Libaassge. 253 10031 10030 10030 * 98K 984 | v Agai 5 2 !Alaska Junea..” 1w 13 1% 113 GuM&N pf (6). 108% 108% 108% 108% ge. y Lib 4th 4“" 67 101 10 101 10 101 10 < 104% 104 | Chile COppers gain Feature‘ Jumps 5 Points in Respons2 |Allied Chem (1" 1354 1301 1394 _139% | Gulf States (.. 67 674 670 674 ) UBnIsG, Sy 1o8® 16361085 ot ; 4 9 . | Alfs Chalm (6). "8:% 88% 88% 88% | HartmnB(k4.40). 26% : ; US4yss2. | 100 Crossing 110 for the First . Amerada (2).... 31% 31% 3 3 B 26% 264 R F N b t H d - 109 31 10931 109 31 . 100 to Dividend Action. {Am Agricul Chin 19% 143 13% 14| DoresWh(I3K) 216 0% 28¢IRise From Newsboy to Heal L0 FoRE(aN ; 1o Time This Year. {Am ARriChpf.. 46% 49'% 46 o A Ny % 83% k e 104% . £ ot Am Bk Not pt(3) g:x: Bon dom ;w!:{gf‘ff:;_“’o‘“,' > e of Big Firm Is Due to ¢ o5 Argentine 53 £ 'am"’";;"-flg: 3 }g?l:z v the Associated Press. m Beet Sugar.. 274 274 7T | Howe Sound(4). 40 >y 4 ] 8% ; . y S € . 40 : : ! { 98% 95% NEW YORK, December 11.—Stock | 47 Beet Sug pt. o1 | Hud Man (23).. 40% 40% Business Genius. . ? b 98% 98% prices continued to follow an Upward| am Brake Sh(6). 147% 117:{! l:;'«- Hudson Mo(312) 48% p 4% 4 i 98% 98% gourse as trading was Tesumed to-|Am BrBovEI(z) a9y 89% dow go% | LD Mot (140).. 224 22u | y 984 98% day. Initial gains of a point or more :::: ?T;:)i . 62% 524 524 :::";;lflofie:'l;fl«. 1:(2'% 1::3 1%:2 122% BY EDWARD C. STONE. A g::.l‘\’a;: z.h-;a o lis aldwin, United | 2™ C& F p! . 129% 130 129% “Billy” Hibbs is 62 today! . ustria 7s. 3 rth 7s were sstablished by Baldwin, Unlet| AmChatn A 2). ‘28% 2% 254 26%|[0dianERefining. “au 8% The news apréad o fast through ¢ Bank of Chile 6% s Canad Pac deb States Cast Tron Pipe and South Porto | Am Chicle (3)... 87y . 374 374 % | Inspiration (2)... 261 1 Bank of Japan 6 Rico Sugar, while United States Steel, | AmChic prpf(7) 90 90 i Inteontl Rub (1) 14 the financial district that the dean sl o = 5 Am & For Pow. . nternat Agri. 9% ¢ Washington brokers had to give Lehigh Valley and Chile Copper |4 & For 9 19 o gton . Am&Fo P 7) F81% In Ag Cprpf(7). 64% 66% . opened fractionally higher. Continen-| Ao o bt (1) iy ¥ | tnt Bus Ma 1314 - g4% So%lup all his time to accepting con tal Baking “A" jumped 5 points inl am Ho p(2.40).. % Int Cement (4).. 52 52 | 8ratulations. He went to the Wash- D e iR Am Iee (110)...." 12 295 | Int Com Eng (2) 43% 44% | ington Stock Exchange to attend a e . Tirass oo | Am Ice pf (6). nt Harvster(6) . 166% 153% 166% : fon. Easier money. favorable trade news s m futernatt o B oox|mterBarsr ). 1274 1127% 127% ’-’r‘:,p';,‘;f(:’.l;‘w;}:,lffi,es‘;::;flsr’;g::?::r:‘ would be retired at the call price o o aioy e writich e | Am Linsend..... 81K 1% “31% | 31N | 2 Do BECA0) 62K 624 62 | huge hasket of fowers, Charles J.| WILLIAM B. HIBBS, : 110 as of April 1 next. 4 impetug to the early rice, which S0 | Am Linsapf (7). 74% 74% 74% 74%| Int Mer Marine.. o Boll acting as spokesman and ex- | Veteran financler, honored by asso- 89%|CM&St Peviln. 15 | In part the funds to effect the ops e e ohaen, Cae. Threching | 4 Locomot (8) 112k 1126 1114 112 | 17t Mot Her BE- 38% 38 38 |iending the best wishes of every | clates today on occaslon of his sixty-| B : 105 | SH&SPevisaszets 18 erations will be taken from the Treas: e o S ¥ patt W |AmLocopf (7).. 124 124 124 124 |IntNickel (2)... 8 - | second birthday. & StPrf4lss. 112 ury and in part probably they wil Machine moved up 3 points in antici-} Ap, Metals (4).. 46% 45% 4b% 45% | Int Paper (2)... 584 7% 68y |member of the exchange. So Im. S Canada s 1981. . .. 101%|[CM &St Pevss be provided by a new offering of pation of a probable splitup of the |y ple P 61w 63w 61% 62% | Int Paper pf (7). 97w 97% 97 | Pressed was the veteran bnr‘;kierfllh? Canada bs 1962. ... 1 104% | CM&SP cv 5s o 5 per cent debentures, thereby sube stock, with & more attractive dividend | \m Radiator(5). 110 110 110 110 | Int Tel & Tel (6) 119% 118% 119% | he found it far from easy brief¥ 0l ing growth of traMc in the more SR Iy . 101% | Chi Rys b stantially reducing_ interest charges, basis for the new shares. 5 uy m,rr‘" Ry Exp (6).. 88% 88% 88% 884 |Intertype (11%). 22 22 22 xpress his gratitude. r. HIbDS | recent past. o o 78 1943 g 100% |Chi RI& P ref 4s The bonds are convertible into stock ELE Issocs was Fbaulatan by kop St i 59% | Jewel Tea i e e e e 1101 - 1o 85 1941 108 |ChiTH& SESs at $35 a share up to within 10 days o e s o e e 7. “dow 47 [Au0b o 2901, mgainn 11805 iand 1 0G| Christmas Seals Selling Rapidly, | Chile8s 1048, .. 107% | Chi T H nc 65 60 of the redemption date, and the stock 9 e seasonable weather Jones Bros Tea. . 5 '$10, and at pri n i frado, due to more seasonable W e, | Am Smeltinz (5) 139 140% 189 1404 | Tordan Motor. .- 2% 22 2% | Sn’rhg hoard. of governors. The sale of Christmas seals to help | oon o rapry 1 % 24 | Chi Union Sta bs 44 held today above the redemption 5 P AmS & Rpf (7). 1204 121 120% 121 (Q along the work of the Tuberculosis 51ty 99 | ChiUnion Sta 6%s. Early gains of 1 to 215 polnts were | \loi rale (3)) “adn 4% 443 445 | Kan Clty South.. 43% 43% 43| W. B. Hibbs arrived on this planet | §long the work of the Tuberculosls | Copenhagen 5%s... & 99y 99% | Chi & W Ind en 4s. recorded by American Smelting, Chile | 11 SILEAYS (5). 404 440 406 44| goyner 7 (3)... % £04 | at’ Gordonsville, Va., on December | Association in its fight on the white| Csecho75a rots.." 19 105 |C&WIs1n82. .. Copper, Postum Cereal, General As- i 5 o Adh ad 9% |11, 1864, nas spent practically all his s beg e local banks, | Grecho 81951 ... | e e . Am Sumatra. 401 40% 40% 40%| K r and will contin til the . phalt and American Asricultural |0 firatiac - 404 200 40 S0 3 826 824 | life in Washington, and has a hand- | J0U PV COCTAUC O areerg;'gri’gd"; Czecho 88 1952 ct. 105% [ CCC& St Lrf 63 A. Chemical preforred, with Pere Mar-| 63% 63% [some country estate at Leesburg. ail South Porto Ricy m Tel & Tel(9) 150 150% 149% | starting off with a rush, as bank de-| Denmark6s....... & e '1‘\',‘;:: ’f‘“,‘{',’,’{;,‘::“‘,fl,’“ ‘]3}:;11‘:\-.‘1,: for A o) {z!()s {ggus }g‘l)u 120% 1214 iy i gl ;g‘_’: :g"‘ %"';r:e{‘:m"g'g';ni‘;‘;"“‘f:; X;f‘;,;’g.‘; positors are glad to help along such a | D ;4: T5%n Moh63... 28 1 101% | Cuba N R 63 66. . o i obacco % S . : " cause. In several banks y 2 In 53%s Nov 63. the year. United ;fi:;t;:‘:n‘:l’:l&fi::mt:. Am Tobac pt (6) 110% 110% 110% 110% | Kresge SSA1.20). S6% 86 (as prosperous as he Inhno;:;ldlt 2;{,‘}‘§lfluhllsht iieral ber D exmnes lo1% g:;:gggfi‘;‘s:::. Ralliea of 7 points in French francs |Am Wa ;Ive‘; c1.20 -?f:i' 25’3 figoboll&'l‘rrln. 7 20% é;”‘ g ‘sp“m e e gy i bullding :Z;?cml?r representatives making g;nlch East16a 62. % 103% | D Rio G West 5s. .. B I . o | Amwoolt )] E 344 | LambertCo (5). 69K 70 34 6% |10, U, in on Fifteenth atreét, He|®1°® to the emploes of the banks. Framerian e, 9% T Eeions o~ e e BT lamEne... 10% | Lenigh Val((18) 105 = 106% 104% 104% | began his financial career by han-| 1927 Christmas Clubs Booming. | French 7s : TRl change market. Am Zine pf o L e scsrd) 135 ‘361 88" 8 |dling quotations in a broker's office. | o 1927 Christmas Savings Clubs, | French 7% A iy il - :nacondnr(f'!x}.A) 42‘4 Life Sav (1.60).. 21% 22% 21% 22% 2:€!: 'zlxl:e .5:!‘;‘“; t::dhe::,‘,"fi:gfl:g,wmph were opened a few days ago by | French 8s. ... 107% ?:::232: ::Q rmour of I11{ i i 16% |LimaLoco (4).. 64% 64% 64% 64% o o ! nearly v Gy 1 Markets at a Glance Armour of 111 (B) y | T 803, B4 04" 84 54" |themselves, enabling him not so very | picciy & ey e e 8 | e s cor| BT - AmoidGonaCo. . 344 244 2% s4l| Loewalna (13). 47w dgw 476 4gu | many vears IR fontound ghe in° |ed at many banks that the amounts | Ger Am Bank 7s. . 100 | Brle Gonesgeo B 6 s80 Dry Y% Y 42% | Loft...... toeeer 6% % 6% 6| vestment an ol deposite far ind Elec 7 Srie : NEW YORK (P).—Stocks steady;|AssoD G 1st(6). 101% 101% 101% 101% | Louisiana Ofl... 14% 14% 14% 14% | which he is still the head. For many re(l‘):rd! r‘f,r"il..f‘%n',’m'fi?'fvfif"‘e‘n?w“?; g:;a?:‘rs. il . 3 '3{3 ::;‘“P')c"" e sugars rally on official restriction of [ Atchison (7).... 169 159% 158% 158% | LouisGasA(1.75) 24 24 24 24 |years he has held a seat on thé New | established during the coming year.| Haiti@s. % 98% G"ECTES gt Cuban crop. Bonds firm; Chile Copper | Atlant C L (110) 209% 210% 208% 210% | Lou&Nash(6%) 138 133 181% 131% | York Exchange. President Francis T. Savage of the | Holland-Amer 8s.. 905 Iere e ,",,‘:"k,s";, §s strong on retirement rumor. For-|AtlCoastLrts.. 17 1T% 17 1TH| oo mooc6) ogw 98% 96% 97w | Aside from banking, Mr. Hibbs has)Central Savings Bank is particularly so | Crent Nesthibes . cign - exchanges strong; French and|AtlGulf & WI... 86 86 86 36 |y o iic3dapd. 106 106 106 wé often shown almost uncanny ability as | enthusiastic over the outlook, report- ¢ L 9214 Great NZ‘;m E’- Italian currencles rally sharply. Cot-|AtIGulf&WIpt. 364 36% 36% 36% a_political prognosticator. Cabinet [ing that the sum deposited is now g Geee agies 4 {on “higher: traqe buying. = Sugar | Atlantic Refing. . 1104 110% 110% 110 | 3acy HR & Co.. 1264 1244 1764 1284 | omcers, Senators, editors, diplomats, | four times greater than that which | 3¢Pelioq eL 7" strong. ~ French Ts at 95 were at a g, ; i 0 new higl 'or the year and a new high steady; signing of Cuban restriction | Austin.Nichols. % 9% 9% 9% [ Ma&maZop (3), 36% 36% 1 railroad presidents and many others (was in the bank’s similar club during | {5un ga foti iy v igh for the yearand & new & 2 S ¥ since issued. “rencl S SO above b/ Gocree. Coffee steady’ better Brazilian | Austin Nicpf(7). 59 59 59 59 4 have held long consultations in_his|the same length of time last year. He i ; reports. BaldwinL (7)... 168 158% 156% LR 54% 54%| palatial_apartment on the top floor(also finds that a very generous | Mariell® 65 4 oo | i e 102, holding the new position reached Balto & Ohlo (6) 108 108% 107% Manila Elee (2) k| S e TR R gl p And CUR TG [ amount of Sunds s e i brlo et el e o e e Tane e yesterday, - There' was a_fractionat : ar-reaching political as well financial | club is . . 3% 21 Jen 4% 66. .. 6 961 9 7s in s w g political a clal | club is being transterred into per- | Mexico 48 10 asr 40% | 111 Central rf 5535, 6 107% 1075 ssiniiy ll:fi.!i?“on’n:.lufl;p: y W Bang&Ar (3)... 45 4B% 45 Maracaibo Ofl... 20% 20% 2 T WNTU | 2 roblems. His firm’s market letter | manent savi R 1 other bank- & Bang & Arpf(7). 103 103 103 k s - e O e oo 4 102% . i WHEAT IN DOWN Daipa 2o 2% B o g et 18 M%) mirroring Washington news have |ers have expressed similar views,-al- | MontevideoTs. A s e S g ) often surprised New York financiers jthough no exact figures are available. | Notheriancs Int Rap Tr 68 stpd. a1 FLORIDA BERRIES APPEAR. Barnsdall A (2). Marland Oil (4). & 6% 656% | v 9 B N 107 F PORT - when forecasts contrary to Wall| New U. S. Issue Oversubscribed, | Netherlands6sf7z.. s ON OREIGN RE OR S Barnsdall B (2). Martin-Pary (2) . 20% 20% | Siicet opinion have proved accurate. | Sccretgry ~Mellon announces the | NOr&S%S........ 12 904 | Int Rap Tran 6s. .. PHILADELPHIA, December 11 (P). ayuk Cigar. ... Mathieson (4)... 83% 9 99% | Int Rap Tran 7s. .. ¢ —The first Florida strawberries of 825 634 82K i - 25 Close friends assert that in a quiet {oversubscription of the Treasury cer-| Norway 8%s 2 o S - ey May Dept St (8. L 1 1% ‘2o | Way Mr. Hibbs has helped scores of | tificates o indebtedness paying 3% | Norway 681943 i b LR T theiseason exrived oni (WS EIEEE Liverpool and Argentine News|o0ns Brost)- 25 o e o young men get a real start in life. | per cent. The offering was $200,000,000| Norway 6s 1944. e oot phia market yesterday, and sold for 4 e e 1ae™ 1t0" 1fo " 1o | MexicanSeabd.. 8 16% 16 16 |Incidentally, ‘he has always stood|and the 12 Federal Reserve Banks|Horwayfs ittt b e L o $3 to $3.50 a quart. The first receipty . Have Bearish Effect Today e AR A e Dl ] op (1) solidly back of such organizations as|have sent in subscriptions totaling|Orient Dev deb 6s % 94 |KanCityFtSds... last year brought $4.00 a quart. o 9 SRR S R the Chamber of Commerce and the | $1,096,000.000, eo that the issus has I e 2 ; Market. + “ oard of Trade, and it would be very | been th: fi 'sub- < A f i k- i cago Briges Mfg (3).. 28% 29% 28% 29% | Mid StatesOilct % 116 | dificuts for him 'to.attend. the s, | Sibad, A ShcAdy O e e o, | Parts Orleans Ts 94% | Louts & Nash 534s. 5.107% THREE MORE FAILURES. 76 |ManRy1stso..... 67% NEW YORK, December 11 (P).— %% British Empire.. % % * % %/ Midland pf(t12). 115 116 115 = : ings of all the soclal organizations to (ers of Treasury certificates maturing | Poland 6s 40 Bkin-Edison (8). 156% 166% 165% 155% | Minn & St Louis. 1% 1% 1% which he belongs. He is a Mason, |on December 15 were allowed to sub- | Poland 8s. . 3 1:;% Market St 7s 40. E: 96% |Only three more commercial failures : % By j{ligrkasociated Prees. BKMan T pf(6). 87% 8T% 8% 8% 4% 34% CHICAGO, December 1L—Wheat|Bu rounnc(14). 120 120 0 | ot 3% 5ave | member of the Metropolitan, Racquet, | scribe to the new issue to the extent | Porto Alegreds. . 108% | Mil Bl Ry & L5s. . in the United States this week than prices underwent a material fresh | Buriosape (). 19% 19% 15 13 | Miecome acifia. 89 o Alibi, Chevy Chase, Congressional and |of 50 per cent of their holdings, and | Prague7%s. . 104%| M St P& SSMen ds the week before are reported by R. downturn today in the early dealings.|{pyer & Co....... 39% 39% 39% | MissouriPac pt.. 90% 90 90% | several other prominent clubs. these exchange subscriptions totaled | Queensland 65 MStP&SSMisasetd G. Dun & Co., but the total of 465 Liverpool quotations, lower than due, | py.proucts (2). 784 8% 8% | Montgmry W(4). 69% 70%| New Southern Stock Popular, | 3103:888.000. Rhinelbe UnTs. ... 4 |Matrassusys. 2 o was 34 more than a year ago. 2 M 6155, counted as a bearish factor, and so i 5 ’ Moon Mot (1%) . % 14 Rio de Jan 85 1946 likewise did excellent harvest weather | Calif Packg(4).. 69% % 69 69 n Mot (1%) 13 As already noted, the Southern Rail- Good Times Seen in 1927. 102% | MK & T 18t Mothr Lod 4% 4% | Jan 88 47... st ds. 7 s in Argentina. Starting unchanged to | Calif Petrol(2).. 3&;;/: ! 30% 80% Mg:fl:mtg"’.‘nfl){ 36y a8y | 2, has authorized an issue of $80| Somewhat more quiet, but prosper- ;‘,‘g‘;;;“::,:,m 104% | M & & T adj 5s. Dividend Is Larger. 74 off, the Chicago wheat market soon | Callahan Zinc. .. 1% 1% 000,000 new common stock at par, of |ous conditions for 1927 are foreseen showed a decided goneral setback. | Can Dry (c2i4).. 87 37 g7 |Motor Whl(2).. 20% 20% | which $10,000,000 is now being offered by the American Bankers Assoclation | S0 Ftlo 7350 Corn, oats and provisions were also | Can Pacific (10). 164% 164% 164% 164% | Nash Mot (13).. 60% 62 | to preferred and common stockholders | Journal, which says in its moONthly | game 7e 42. .. .. easier, corn opening unchanged to 3% | Case Threshing. 156% 1591 166% 156% | Nat Biscu(15%) 98 98% 98 98 |on the basis of new share for each 18|business discussion: Ll e Crot 810 8. .. 8 Tower ‘and subsequently receding a lit.| Central Alloy(2) 30% 31 30% 31 |NatBiscupf(7).130 130 130 130 |now held. Many shareholders in| *The general business situation con- ™ tesall ardund. Cent Leather pf. 61% 5l% 51% 51%| NatCash R(A)3. 40 40% | Washington have been taking advan. |tinues very satisfactory and banking | SO!s30n%8a.- - “Argentine government figures fafl- | Cen Ry NJ(112). 204% 294% 204% 294% | Nat Cloak & Sult 20% 23 [ tage of this offer during the past|leaders view the outlook with con.|SWedensusct. ed to strengthen wheat values here in | Cerro dePas(t5). 64% . €5% 64% 65 | Nat Cloakpf (7). 62 66% | few days. The road officlals report |fidence. The last month has brought Swiss 5‘/-!““» the face of optimistic unofficial ad-|Certain-Teed(4). 43% 43% 43% Nat Dairy (3)... 72 71% | that the additional funds are needed |no material changes, the shifting [ S¥is8 Confed 8e: - vices that yields in the central dis-|Chand-Clepf(4). 24% 25 24% Nat Dpt Stores.. 80% 31% 30% 313 |because of the railroad’s steady ex-|currents in industry tending to bal- | TonoFlec ";"' b iricts of Argentina and south were |Ches & Ohio (112 163 163 162% 162% | Nat Enamel &S. 26% 26% 26% 23y |DPansion. During the first nine months|ance each other. The United States TtdKingm Sies 10 promising to surpass expectations. [ Chi & Alton 5% b% bW Nat Load (8)- ... 166 166 166 166 | Of this year the Southern spent $36,. | will close the year 1926 as the most | Utd Kingm 53%n27. Word was at hand that a large crop [ Chi& East Illpf. 46% 46% 46 NatPwsLt(30c). 20% 20% 20% 20% | 500,000 for maintenance and improve. | prosperous in history and enter the | UtdSteamCopen 6s 93% | NYChi&StL 51458 0 Washington in southern Argentina would be har- | ChiGreat West.. 9 9 9 Nat Ry Mex2d.. 1% 1% 1% 1% |ments, or 315 per cent of its total|new year with unprecedented con.|Yokohamaéswi... 44 92 N o 104% | 9o e foiey ks vested if the weather coritinues fa-|ChiGr Westpf.. 25% 25% 264 Nat Supply (16). 87% 88 87% 874 | Operating revenues, this huge outlay |ditions for continuation of the pros- .MISCELLANEOUS. ,“"H“" Codte. 3¢ 69 LA s FErve N vorable. g CM&StPpfets.. 18% 19% 18% Nevada C (1%).. 16 16 15% 15% | calling speclal attention to the amaz.| perity wave. Am AgriChem 73%s 1 104% 104% 104% ;"';‘ g g b 2" 106% | 2 1 anston Monotype—16 at 92%. Considerable ‘notice was taken of |Chi&Nwn (4).. 8% 826 81% N Y Canners. 23 23 22% 22% “While it s rather early to form | Am Smit & R 1st5s 12101 100% 100% | 0 o' wf "‘ 145 103% AFTER CALL. the fact that although the Argentine |ChiPneu T (5).. 117% 118% 117% NY Central (7). . 186% 136% 136% 136% | ———————————=————————————_|any definite opinions as to 1927 | Am Sugar ref 6s... 18 105 YOntwistis.. 8 T8 |7 pi Riiasar ettt ot 46 official crop reports indicated an ex-|ChiRI&Pac... NY Chi&SIL(11) 191 192 191 192 |g aenaker (5) business, it appears not unlikely that | Am T & T el tr 4s.. 27 98% % | NY O&W n.n s85. 8 70% | District National Bank—10 at 231. _portable surplus in Argentina much |CRI& P pf (7). 104 NYC&StLpf(6). 102 102 102 102 |guordtier (o) - 56% it will be found somewhat more quiet, | Am T & Tcltrss.. 4 1024 NI 1% Bid and ed Pri less than estimates from British | Chile Cop (2%).. 35 & ¢ NYNHG& Hart.. 444 44% 48% 4% | g oir s doat: 2% that is to say, that volume may not | Am T & T sf5s.... 19 101% NYW &Bos 4%s. 9% id and Ask rices. sources, the amount, 141,800,000 bush- | Chrysler Corp(3) 38% 9% 38% NY Rys partcfs. 16% 16% "16% 15%|guperioroil. .. .. 32 quite measure up to the breakneck | Am T & T deb 5%s. 25 105% Nor & S gen 53 54. . BONDS. els, is an increase of 24,400,000 over | Chrysier pfA(8). 105 105 105 NY Rys 2d stpd. 145 145 146 145 |guberiorOll- ... 5 Dace of 1928 and 1926, and that In- | Am Water Whas. 1 97% Norfolk & W cv 6s. . . last year. It was further pointed out | Cluett Peab (5).. 62 62 . 62 Norf & W (110). 160% 160% 160 160 Foo o dustry and commerce will run along | Anaconda 1st 6s... 29 104% RLUR O b s EUHEE that the Australlan exportable sur-|Coca-Cola (7)... 169% 169% 169 . N Am(10% stk). 48% 48% 47% Tenn Copper (1). 10% 10% a settled and highly competitive |,Anaconda cvdb 7s. 24 107% 7y | Northern Pac 4s. .. plus is also much darger than a vear | Collins & Alk(4). 58% 69 B58% North Ampf(3). 650% 50% 50% Texas Co (3).... B6% B6% course, A tcn Cop 7 rots. . 20 107% Northern Pac 5s D. ue n.. 5 ex Gulf Su - C % o t O i o o Edward L. Hillyer, vice president of | Armonr Del 534s... 23 94% : Pennsyl con 4%s. Colo Sou 1st (4). 72 .72 92 Ne 4% 4% Tex & Pacific.... 52% 2 ! PRICES ON PARIS BOURSE. | Go\'Gas new (5. 88% ~88% 8s% Natly (s 1“1 Tex & Pac C& 0. 14% 0% {the Union Trust Company, sailed on | Associated Ol 6s.. 1108 Pennsyl gen 4%s. . 3 2% o W 14% 14% 1a% ! fc Refin6s. .. 8 101% g Col Gasrts. : Texas Ld Tr(8). 1290 1 opts | the Majestic today for a month's stay | Atlantic ‘Pennsyl gen 5s PARIS, December 11 (P).—Prics 16% 18% 15% o Aoy 1250,,1300 1280 12801 |1n "parls. e was accompanied DbY | marnsdall Sactfs.. 13 99% Pennaitats. ..... 1A corsetown G 3 o CF bus were quiet on the Bourse today.|Col G&E pfA(6) 101% 101% 101 Omni ieee % 2714 ‘Three ‘:,er cent rentes, 49 francs 9ys Col Carbon (4).. 68% 68% 68% Opnhnln. Col(l). 13 lgzg 1::: lg;'n Third Avenue. 36 86% 36% % | Mrs. Hillyer. Rell Tel Pabs B. .. 102% gomeetown C rancs 60 centimes; cent loan, { Com Solv i ~ . 2 y - - Fell Tel Pa 6 e s 30 camtimen” e doliar | Congoleum N.... 19% 19% 19% j19 | Owens Bot (14). 86% 88K “86% 88 |mimken (15).... 70% Son | Bankers' Assoctation, was a. visitor in | peth Steel rf 5s. was quoted at 26 francs 28 centimes. | o Cgr(8) 55 G6% 66 55 |PacOllStubs... 1% 1% 1% 1% |TobacProd (7).. 111 110% | the local financial district this week. | potp Steel 5%8 563. 96% Por RL&P6s47.. C::‘é;gs:rl‘{‘;() 20 86w 85% 8% |Packard (f2.90). 35% 30% 38% 36%|TobProd A (7).. 116% 116 116% ';;ifl‘g fnfi::fiexsc;;‘iv;;&e Beth Steel 6s. ... .- st per WORLD ZINC OUTPUT, | Sgnsel Diatrivic | 1v | 15 | it 1% | ponem (5. % [ ndormeog . ame tge et ot (B rotienea crom Xew” Yok wherd | PETodiner s s 1 10 Rio G west ol is 5 nsol Gas (5). . 6 R & Pages. T roturr ) . ‘ The world's output of zinc In Ocf “onsol Textile. .. o = n 53 "ol - e StL 16 SALuiluied k. 114,115 tons b;°:'§§ Cont Bakg A (8). 72 73% 69% 70% ;:;'::g’x“@ 3 41" | Un Pacific (10).. 162% Trading Quiet on Exchange. ‘(:om{‘nx;v‘v;:‘hirll;!- 1 2:;,::1; fl 1:?-_, 3 ; »C-,f,: p!:'.'&? Dy oo e . o % i S - e t. Amertoan Bureau of Metal Statistics, | Cont Baking B.. 9 UL TR, s | Un Pacific p(4). 80 80| Prices wero firm, in quiet trading | Con CortMe 150 R StL&SF5%sD.. i‘."‘n"x::‘" ‘m’tbrm" against 107,673 tons In September |Cont Bakpf (8). 91 ~ 91% - Un Tk Car pf(7). 117% 117% 117% | on the Washington Stock Exchange | and 108,950 in August. Cont Can (16)... 76% 76 7on 76 | Penlck&Ford(l) Zw 34 2 8| ytaCigarS (c2). 96k 97 96 96 |today when Potomac Eieotric Power |Consumers Ton by " StrasEane 99 99 | Wardman Bari Hotel 8% e Cont Insur (6).. 140 140 139% 139y | Ea DICO SUOLE) 4ol gy o6 o |Utd Drus (8)... 166% 1664 166k 186% preferred sold at 1073, Washington Cutis Canecy ¢ e i iy STOCKS. INITIAL DIVIDEND Conn\muwc).). é{% ém éaz llst])a P::n 'Seab Steel % % % % | United Fruit (4). 1: 122% 122% 1§2u Railway and 'Electric preferred at I]:;lhfl(“.;,ng)cz . L e g:t;wéznu) o . Ce Prod (12 = & c 0). 4! % o el 2 PUI ‘orn Prod (1234 128% 120 128% 1284 | US C1P&F(10) 234%190% and Lanston Monotype at 92%. | Dery (07D By - % | St P & KCShL 4 % | American Tel, Ami:f..u ik’ L ion. 24D eln 61 61 Peoples Gas (8) . Y y m’fm mfifi‘}fi&m’,’;f;';‘,":'pl‘, ‘,.f,'“_ ,;‘8: 2:;’;:{:;:;1)(5)4 §é€ g;; 82!2 gé:t Per! ’é‘fl“)'” ‘::“ ‘;za u!: x:;l ggfi:&‘?&‘q‘?{ g:;‘:;‘ Tifi?.’:‘:é l;?ngzsfo:'fiv:;u:; Dodge w 168s.. 3 05% 106% | StF UnDenfs.... Washington . Gas boen declared by the Fordson Develop, | Crucible pt (7). 102% 102% 102% 102% | Phila G0 (0o - (5, (g 4o 423 | U 8 Ind Alcohol.. to 230 and closing 231. The only other | Duquesne Light 6s. 105% | San A& Arn P ds.. Wachingion Gas: ront o Detrolt. payabhe Docomiomy | CubaCaneSugar. 10t 10 10% 10y | Fhila& RCE T 4358 Z00 304 3% U s Realty (4) bank stock out was Riggs Natlonal, | Fst Cuba Sue 7%s. 1074 | Seabonrd AL 4s. . Eitamas fmioe bt b 31 to holders of record December 27, | Cuba CaneSupf. 49 60% 48% 49% Phillp ‘_" n (4). 4T 4T% 45 45 |USRubber..... B 59%, 58% which sold at 450. Fmpire G & F T%s. 108% Seaboard AL 4s sta. Wash: By 4 Blec, com. 3 CubaCo (4)..... 33 3% 83 33| Philips-Jon (- Col Geul £ey ey | U S Rub lat (3). 107% 107% Few changes were noted in the un- | Goodrich 8%S. ... 105% | Seab A Liret de. .. o FRENCH COMBING LEAD: “uban Am S (1). 27% 2T 274 2% | PRUURS TELI - (hel 4Fy 4% 4bu | U SSmelt 3%). 5% listed department, the bid on Depart. | Goodyear 88 1931.. ¢| Seab AL adjbs. ... TR BANK. S. baRR(6).... 82 82 82 82 |DLOCC 00l pel 2 28% | USSmut(dh). 4 mental Bank being raised from 5 to 8| Goodyear 88 1941. ¥ . Nationa1 Cag e oo ) Wea) e i S v o Florce-Ar bf (§). 108% 108% 108 108 u 7).... and the bid on Park Savings Bank | Farsnev S 2l T St wool market at the weel ond Desl, | Del& Hud (9)...178 174 178 178 | bierce Olluy 16% 16% 16 16 oas LR T B T LT Tiinois Bell 15t 58. il el gg:“::gg‘;fi:‘,“‘. ers have been holding these wools at | Del L & W (17).. 146% 146% 146% 146% | Jiorce Petrolm.. 8% 8% 8 3 |UnivPipept (7). week. Tnt Mer Marine 5. S | Seamacnar 980 (o $1.03, but some buyers are re- | D RG Wstpf... 44K 44% 44% 44% | pirry & W Va(6) 128% 128% 127 127 | Vanadium (14). 0% 40% nt Paver 68 | s st rwRp ported to be willing to pay $1.05 for | Detroit 14 (8)... 187 140 137 140 | pogtum (5)..... Y0% 100% 98% 9% | Va-Caro Chem... 10% : IntTATSRE 1904 | 8ourry Con§ good stock. These prices bring | Detroit Ed rts. 3% 3% 3% 3%| prod & Refiners. 18 18 18 18 |va.CarCh6% pf. 39 Bnlumore Markets Kan &‘;‘ Tl 1064 | oy Ry 6% Trenoh combings close to the level | Devoe & R(2.40). 38% 38% 381 38%| pyp Serv NJ (2). 32% 82 324 82%|va-Car Chpf(7). 8T% ‘\'"\Gs e oE of half blood territory wool, which is | Dodge BrosCl A. 2T% 20% 2T% 27% | pup s NJ pf(7). 108% 108% 108% 108% | vivadou (8)..... 34% 34% = Kelly-! vrf " A 4 istaans b Quoted at 97c to $1.02. Texas wools | Dodge pf (1).... 84 B5Y% €4% 5 | Dups NJpr(s).. 124% 124% 1241 12448 | 0 0 sty BALTIMORE, December 11 (Spe:| Tacl Grofdd: . e A etar. dontimental and pulled wools are slow. Dome Mines (2). 11% 124 1% 12% | pup SE&G pf(6). 102% 102% 102% 1025 | Wabash: - ) o T ‘Potatoes, hundred pounds, 1.50| Laclede G e i S e e Du Pont (112).. 166% 166% 165 165% | pyllman Co (8).. 188% 189 187% 187y WA Ty 'y .25; sweet potatoes, barrel, '1.50a| Tizgett & Myers A Raflonal ‘Savings’ & 3 ke POULTRY MARKET STEADY, |Dupontdeb (6).. 110 110 110 110 |punta AlesSug. 464 1% 464 4T% Ll v | 2.60; yams, barrel, 125a2.00; beans, | Lorillard (P) s T Colon™ i a v 3 g 5 * | Duquesne pf (7). 116% 115% 116% 115% | pure O1l (12%)..427 27 27 27 W::nornBr:l....l 4 bushel, 2.50a3.00; beets, hundred, 3.00a x.nm,:;g;!&fi;%: Dnion Pac 1st rf 45 10 E pCHICAGO, Decomber 11 UP—| paion Axle ). 24% 24% 244 24| madioCorpof A. 584 6% BT 59k | Warron Bros 5. D oane:. cabhase: ot | dvRIS SteerEN: = : Union Pac 4821 .. 24 fowls, 18a24%; springs, iSaszig: | Eiseniohr & Bro- 212 12| RadioCpr (3%). 524 52U 2 b2k Webshy s 30.00a35.00; caulifiower, crate, 1.75a | Mor's & Co 1st 4%s {“/ffffl.fi'fiy'i:a Lt turkeyn, 34; roosters, 1814; ducks, 20a | o1 Atrie Boat 1 1% S At AR s M 2.75; cucumbers, crate, 3.00a6.00; car-| Nat Tube1st5s. ... e 3 g et Blos Power&Lt. 18% 184 e e g .. Tots, hundred, 4.00a6.00; celery, crate, | N ¥ Edlson 8%s. .. R aial 11 O T ERLIRENBEIS) a1 1,5042.50; Kale, bushel, 40a50; lettuce, | N'Y G B L H&P 4s. 924 | Wost Maryland 4s. 11 BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 11.—Thg bond market closed the week with prices strong and buying interesy unabated. Chile Copper 6s were again prom-« Inent as they crossed 110 for the firsg time this year in continuation of thq remarkable advance of the past threa days. Explanation of the rise came today in the report, unofficlal but nevertheless accepted, that the bonds 93 101% £ PET-E - T E I Y 2 - =11 price so that the bonds could hold their position in the market regards 103% less of their being talled. 99 Other copper bonds improved mods 109% erately in sympathy with the Chile iss 941 sue, but the most interesting other 8% o8y | feature of the day was the announces ment of allotments on the new Bues 116% nos Aires 7s offered earller in tha 945, week. The fssue was oversubscribed 50 times and dealers who had bid for 100 bonds received two. It was a most convincing demonstration of tha strength of the investment demand. The bonds sold today at a premfum of over a point above the offffering price. Investment issues held firm, bug price changes were-small. Announce- ment that Massachusetts had made Consumers Power unifying 6s legal for savings banks brought buyins into this issue with a consequent rapid advance in price. - Foreign bonds_as a group wers @ 0 2 a e o P L - e » 9 Roadnam® aan 106 |MK&TorinssA. 3 NEW YORK, December 11 (#).— 101% | Mo Pacific gen 4s.. 81 75 Lone Star Gas Corporation declared 96 | Mo Pac 55 1965. ... a dividend of 50 cents, payable Decem- gl“ y: ;‘c :' é,.;’ g' 1 ber 31, in contrast to the previous pay- ac sG55 E. .. 102% | Mont Trom vet 5 41° '3 e o 108 | Nassau E Ry 4s57. 4 . 118% | N'C Tex & M 55 B. . 100 | Washington Steck Exchange 98% | N Y Centdeb 4s. ... 96% SALES. AMTHINYCrfim4%%s13. 98 Electric Power 76—S$2.000 a4 104% | N ¥ Centri 55 1 1080 | FoRoiomee KRGS FomIE ! 91 | NYChi&StL51%8A. 104 ‘Potomac mhfl:,?nznr r:'f”"‘nzm at \%7;:‘ [y PRuRARANR B233Ba53323R232353R88 e = PR e T Elec P& L pf(7) 96% 96% 96% 96% | jeal Silk Hose.. 41% 41% 41 ‘West Pacific P Y e COTTON GOODS QUIET. EP&Lpf 40% (1) 104% 104% 104% 104% | Remington Type. 116 116 115 West Pac pf (8). g e R I ke Wilkes& B 1stbs.. 5 72 sesipuasind Elec etrig (c2) 36 38% 36 86% | Replogle Steel... 124 124 West Union (8).. 145% 146 | pounds,’ 1.75a2.75; oyster plants, hun.|N s ! etk 53 an 8 NEW YORK, December 11 (Special). | jajee Sto Bat(16) 82 8I% Heracuistigags, . 5. B West Union (3% 140 1404 1394 140% | dred, 5.00a7.00; peppers, crate, 3.00a | N'Y Tel 6s 43 Navlonal’ Union . LE —Cotton goods markets were quiet at | o R R. 4 39% e m(y. 120 120 119% 119% | Westinghse (4). 63% 6 69%| 5.50;" parsnips. basket, ‘50a60; ‘Savoy | North Am B 85, - FOREIGN EXCHANGE. - PR the week end. with prices of print|peie st pt. 9% | obt Rels & Co.. 8% 8% 8% gy | Weston Elec 1 16% 16% | cabbage, _bushel, 50a75; spinach, | North Am B¢ THE- (Quotations furnished_ by W. B. Hibbs & Co. | colymbia R Slothe unchanged st S% cents for | prie Bim 8(210). 23% 235 13% | royal D (a3.076) 49% 49% 49% _49% | Wheel & L Erie. . 264 26% | bushel, 76a1.00; squash, crate, 1.50a | Nor States Fow fo- : Nominal &I%M §fn'l ‘Esta 4x608 and 7% cents for 68x725. Raw | posewn Vac (1), T Ot oo | RoTalDLOTH) (N N e e W hitemssle () 26% 264 | 250, fomatoes, crate, 4.0026.00; tur-| Nor State : roldvaliy gl e Tnv: of Md. ‘co silks were steady, but slow 57 " 25a40; apples, barrel, | pac Gas & E1 58 . Mot (4). - = 3 Fairbanks (3)... 44 44% 44 44% gt Joseph L(13). 40 41 40 41 VBl ok (1) 2% .0024.00; , .26; cranberries, | pac T & T 58 52. S Bl RS AE s Famous P1 (38)." 118% 118% 1175 118% | (1, & SanFr (7). 10244 1024 102% 102% 3:::::&%((&)), 4% 54% | box, 3.50a4.50; grapes, basket, 10a15; | pac T &T 18t 58 4 Fealisnt(iite) 85 45 L2% 45 |missanvores) 95 48 G R oocwirs clls 17 "1 1 1 |grapefruit, box, 2.50a3.50; oranges,| peoples Gas 58 riin. " me NEW YORK, December 11 (Spe.|FedMin&Smelt 93% 94 93% 94 |schulte (§8). 48% 48% 48% | wilive Overland. 2 22 22%| 2.50a4.25. PhilaCo5%s38. .. Zurich, franc. eial)—Crude rubber, smoked ribbed|Fed Minpf (7).. 79% 80% 79% 80% | Seagrave(el.20). 18% 13% 0d pf (7). 91K 9% Dairy Products. * | PhilaCorf8sA. Athens, drachm: sheets, advanced u half cent at to-(Fed MotT(f80c) 2T 274 27 | Sears-R (n2%). 8% S ac 1 s asl s - | Publfc Service 6s. . R D day's quotation of 37% cents. This |Flist NatS(1%) 31% 814 314 | Senecaopper. . 3 W AROR S o th). 27 204 | Live poultry—Turkeys, pound, 40;| PYBNCESCIL ey’ lonn. crows compared with 417 cents a month | Fivk Rubber. ... 16% 16% 16% | Shell Union (12). 20% Wilson & O 5e). 1% 81 TT% 79%|old, 35a38; poor and crooked breasts, | TS0 Gile kit 64. ‘erown. ago and 106% a year ago. MRK SREpL (1), . RS0 80 | Simmons (12.26) . 325 Wilson ot (3243 J00 1538 191% 191% | 25;" Spring chickens, 26a26; leghorns, | ©ASTY.000 7, Varaas 2ioty Y Fleischmn(12%) 48% 48% 484 48% | giiime et (1) 19% wg::;r?;ump“-‘ 92 22 22 22 |21a28; poor and thin, 18a20; old hens, ;‘:‘nm‘m SArms 6 o s D iy 7ok | snclair O11, 18% 18% | woren Pump(A) 49 4 49 122026 leghorns, 18a20; old roosters, | Remingts AC tockholm. NEW YORK, December 11 (P).— Quota- SILVER QUOTATIONS. Fox Film A (4).. 71% 4t 40% 40w | 16a17; ducks, 23a26; poor and thin, e (o Wortn Pump(B) 404 % 72 |18a20; geese, 20a25; guinea fowl, each, | Sinclair Ol $3 X 34 NEW YORK, December 11 () |FreeportTexas. $3% 34 34 | Sloss-Sheft (6).. 120 120 128% 128 Towne(16) 2 : inclair Of1 7 Bar silver, 53% ; Mexican dollars, 40%. | Gabriel Sn (3%). 81K 81% | South Port S (6). 163% 165 163 163 Iy T (16¢). 28 B8 IR L SONTS: plkeone, pa T MY Sin Crude O11 6 100% Forelgn exchanges strong. L | Gen Am Tnk (3). 50 % 49% | Sou Calif Ed (2). 81% 31% 30% 381% |ygq TraCpt(7). 99% 9% gg Dressed pouuryj_ur eys, dpound, Southwest Bell b 3 Gen Asphalt.... B86% 86% | Sou Dairies B... Z1% 21% 20% 213 town (4). ¥8% 88% 88% | 40a45; old toms, 36a38; poor and crook- | o 'Ho "Rico Sug 78 G Britain, demand, 484%; Youngs! ed breasts, 25a30; chickens, 20a27; | 20 FEr Gt oty 0" 99% 60-day bills on | Epsmos Clyp- Pay- Stock of | Gen Elec (h3)... 85% B85% B85% 85% | Southern Ry (7). 118% 118% 118% 118% yidend, alen 28,0y on the France, demand, 3.96; | Stclropolitan- &t #%s ! , rtecord. | GenElec sp(60c) 11% 11% 11% 11% SouthernRyrts. % 1 % % | St au or half searly declarations. 22a28. cables, Italy, demand, 4.50; GenGasA(el}) 46 46% 4b% 46% | South Ry pf (5). 94 o oo vi- | Eggs—Receipts, 524 cases; native ¢ Gen Motor(111). 146% 147% 146% 146% | Std Gas & B1g3.. 66% 66 and nearby firsts in free cases offered - - Demand: Belgium, 13.90; Germany, Gen Outdr Ad(2) 35% 85% 35 86% | Std G &EIpf(4). b6% at 46 % 3o 4). b3 . Butter—Good to fancy creamery, | Gen Outdr A (4) 56% | Std Mill (5)..... 1% . U 8 Steel s b Gen Ry SIg 15% 7 83% 83% | Std OflCal 12%. b67% abie’ w! pound, 50a65; prints, 56a57; blocks, & Lt B Gimbel Bros.... 45% | Std O NJ 11123 37% - o sdats; ladies.’ 30; rolls, 28a2s; store | Uik SO IC Glidden (2)..... 18% |Staofiof NIrts 2 2 2 2 !::: 1780 smare’ [ siock, Dacked. 28a24; process butter, 36a37; | T L Sug 78 39 2. Jugoslavia, 1.76%; Gold Dust. . I 4314 | Std O11 NJ pf(7). 116% 116% 116% 116% | Ji—Flus $1'a share In special stock. dairy prints, 28a28. W tnes g e 9 %; Rumania. .50%; Ar- Goodrich Ru (4) 431 | Std O1I NY(1.60) 38% 38% 82% 82% tas 82 Ih atock: R ———— West Elec 68 [ 40.81%; Brazl, = 11.81%; | funses, Tt Jlo; { Goodrich pf (7). 9 97 | Std Plate Glass. . ayablo 1740 of a share quarterly in | JOPLIN—The CortezKing Brand | westinghouse bs. . 49.00; Shanghal, 59.34; Mont- | Northeast, Sa L Gothm 8 H(2%) 61% | Sterling Pra(16) 8¢ in stock. Mining Co. expects to start construc: | willys-Ov 6%s 33.. I el Bt dant n Gotham pf(7) 111% | Stewart War (6). 66% 66% G61¢ 3780 shnge in stock. tion of a new concentrating mill of | wilson & Celat 6s. 40 101% 1% - - — Raleieh Hotel G0« o0 puld Coupler A 9% 9% 9% 9% Stromberg (%)... 56 6 wfl"fim m*_ "’.fln'. y"‘?al"".{ guck".‘m g;ls‘m“i‘.ugsz lease ;3;‘“,, of Baxter ' youngstn 91 4., ‘7 §08% 10314 103 _ The peanut is not a nut, botanically “':fl,‘"‘:s: “Hitie . 5 Fo-auariony,, i ngs, > Dear fullre o . oy " apeaking, B 8y [} 2 DIVIDENDS. 3 p! b 7 Gen Asph pf (5). 129% 130 KSoum Pac (6)... 107% 107% 107% 107% Dividend rates @ vqnmlel:“t-hl abgve '-";{' roosters, 17a18; ducks, 25a28; geese, Corp. Period. Rate. Chand Clev nf $62 ¢m Ex Bk NY Tome «Mines El Bd & Sh pf apin-S hapin-S el EEEEEES b Reis 1st p Ly Cables r Mig 950 D 38 ~outh Bake pt Vi Bab Sve nt Vhite Fagle O Elec Con & MI £57