Evening Star Newspaper, December 12, 1926, Page 109

FINANCIAL. o COTTONIS QUIET IN SHORT SESSION General Market Closes Steady at Net Advances of 4 to 7 Points. 1926—PART 6. despite another up. in the Government's FINANCIAL. THE SUNDAY STAR. WASHINGTON, NEW YORK STOCK EXCHANGE _ |/STOCK LIST MOVES Average Goes to Within Half | Point of Record Level of September. D. C, DECEMBER 12, to the highest level in 13 months and | vanced elightly easier call money rates were the high | ward revision lights in this week's financial markets. | crop estimate. Sugar prices were firm A serie of “Christmas dividends” in | on the signing of the presidential de- | the form of extra and increased pay-|cree rest the current Cuban ments, favorable trade news, includ; fcrop to 4, STEEL OPERATIONS faae e St | COTTON GOODS EASIER. EXCEED I:IIIIEIIASIS filled tonnage of the United States| Steel Corporation, and a sudden turn | for the better ig the automotive in-| .| Decline in Copper Brings in Active Demand—Tin Mar- ket Is Nervous. anmlht- . Lew. 140,14 109.63 | 136,63 101.16 Jast Week. Yoar to Date. ey e 8207.332 421,219,157 138.76 137.14 Total sales. ... > 8.872 676 426.958.176 ; Average price of 50 stocks. .. 8ame period a year ago. . . Bame period & year ago. . Austry and optimistic statements on|Yarns Are Quiet, bhusiness conditiona by administration s leaders furnished the impetus for the | Trend in Values. advance in stock prices. Public par-| NEw YORK, December 11 ticipation, hewever, continued on A | (‘otion goods were samewhat small acale, although it was apparent |y print clothe and sheetings today. that the small yleld obtainable on|jiiher snnouncements were made most high-grade bonds was causing a | of maintenance of gingham price lists number of Investors to seek employ. | ¢ "G ilie" yarna were anlet with ment for their funds in seasoned | o STUNE NS prices will be alEiendpRyIng 9 oeies named on knit undarwear next week The rally in French france reflected | RAMed on Kntt 0 ont ware made the improvement in that countr '8 on ane line of cottan hlankats. | domestic financial condition. as re| piging wonl prices abroad gre lead vealed in the weekly statements of [ RISNE O TR R oal Roods. CHARRAN GigE Erancs Raw silks was steady. Active wheat futures lost about 1 cents a bushel during the week on aelling influenced by more favorahle crop weather report Cotton ad ~ 192526 Low. Net. | - 192526 Close. Chge. | High. Low. Stock and dividend. High. Low. Close. 87% — 21100 89 CommerInvTrpr (6%).. 94 93% 93% 607 + 8% (237 76 Commercl Solvents B (8) 233 2204 2254 -+ 111% + 1 | 46% 1214 Congoleum-Nairn Lo20% 191 19% - 2| b6 40l Congress Cigar (3). BS54 624 Bb 874 26% Consolidated Cigars (7) RTU 9% 1% Consolidated Distributor. 1% 115% 7414 Consolidated Gas (5) 7214 68% Consol RR of Cuba pf (§ Bl 14 Consolidated Text!l 95 5015 Cont Baking A (8). 17% 7% Coni Raking R.... 140% 1409 140'3 + 44 991y RT Cont Baking pf (8) . 141% 138 1391 4| 831 604 Continental Can (16 122% 122% 1223 | 1442103 * Continenta) Insuren (8).. 903 K7 B8% & 14| 1514 81 Continental Motors (80c) 110% 1106 110 4l 815 324 Corn Products Ref (1%) 184 129 1184 Corn Prod Ref pf (7). 107 444 Coty, Inec (15). 64 (‘rucIMo Steel li). 92 Crucible Steel pf (7). 7% Cuba Cane Sugar. 351 Cuba Cane Sugar p! 28Y% Cuba Company (4). 82 Cuba R R pf (6) 20 Cuban-Amercan Sug (I) 937 Cuban Amer Sugar pt(1). 15% Cuban Dom Sugar 51% Cudahy (new).. 62 Cushman's Sons (3) 32 Cuyamel Fruit 234% Davison Chemica 2015 De Beers Mines 34 13314 Delaware & Hudson (9). . 125 Delaware Lack & Wn (17) 148 25 Denver & Rio Gr West pf. 44% 110 Detroit Edison Co (8). ... 140 31 Devoe & RayndsA(2.40).. 39 21% Dodze Brothers Clase A.. 27% i 7314 Dodge Brothers pf (7)... 86 14'% Aml & Foreign Power. R Dome Mines (2). 12% 79 Am & For Power nf M. 14 Donglas Pec (214)....... 44% 7 Am Hide & Leather <171 15815 Dupont de Nemours. .... 1684 3314 Am Hide & Leather pf 94 D Pont Da Nem (112)... 110% 23% Am Home Pr (2.40).. 105 Duquesne Light 1st pf(7) 116% S = 106% Eastman Kodak (18) 123 31% Am Internationa 10% Faton Axle & Spring (2). 24% 107 Am LaF Fire Engine (1). 10°x Eiseniohr & Bros 12% 20 Am Linseed. 61% Elec Auto Lite (16% 681 53 Am Linseed pf (7). 4 Electric Boat. . 12% 90% Am Locomotive (8) . 154 Electric Power & Light.. 194 114 Am Locomotive pf (1) 891 Elec Pow & Light pf (7).. 97 114 Am Machine & Fy pf (1). 99%4 El P&L pf ctf 40% pd(7). 104% 44% Am Metal (4) 3314 Elec Refrigerator (e2)... 86% 50% Am Power & Lt (g1). 60% Electric Storage Bat (16) 82% 89% Am Radiator (5).. 1 Emerson-Brantingham... 1% 76 Am Rallway Express (8 % Emmerson-Brant ctfs. . 14% 8 Emmerson Br pf ctfs 74% 68% Endlcott-Johnson (6). 120 110% Endicott-Johnson pf (1 24% 19% Engineers Public Service 961 92 Engineers Pub Ser pf (1) 1324 99% Equitable Of Bldg pt (7). 128K 40% 2214 Erle. : 504 33% Erie 18t pt 4714 30 Erfe2dpf. 25% 21% Erie Steam Shovel (214) . 102 100 Erie Steam Shovel pf (7). 66% 43 KurekaVacuum Clean(4). 5% 324 Fairbanks-Morse (3). 127% 90% Famous Players-L (8 124% 108% Famous Players-L pl(8). 124% 45% 26 Fed Lt& Trac (*1.40) 111% 16% Fed Mining & Smelting. .. 105 49% Fed Mining & Smel pf (7). Net. Stock and dividend. Chge. Abitibi Power & P (4). Abraham & Straus. .. 104% Abraham & Straus 715 ,r 90 Adams Express (6). 9 Advance Rumely. ... . 3315 Advance Rumely pf (3).. 4% Ahumada lead (t80c), £6% Air Reduction (16).. 74 Ajax Rubher s Alaska Junea Alliance Realt All American Cahles l . Allied Chem & Dye (4) 117 Allied Chem & Dye pf(7) 7115 Allis-Chalmers Mfg (6).. 103% Allis-Chalm Mfg pf (7) 14% Amalgamated Leather... 102 Amal Leather pf (7) 24'4 Amerada Corpn (2). 9 Am Agricultural Chem. . 25% Am Agricultur] Chem pf. 34% Am Bank Note (6) . 53 Am Bank Note pf (8).. 20'% Am Beet Sugar. 55 Am Bee! Sugar pf 16 Am Bosch Magneto. 20% Am Brake Shoe & Fy (8). 30% Am Brown Bov Elec (2). 86% Am Brown Bov El ..1 . 38% Am Can (2). 4 115 Am Canpf (7). 91% Am Car & Foundry (6). 120% Am Car & Foundry pf(7). 2215 Am Chatn Class A (2) 31 Am Chicle (3) 85 Am icle prior pf (T) Am Chicle ctfs (3). 4% Am Drugsgists Syndlcll 105% Am Express (6). . High. Low. 898, 871 611 561 111% 110% 128 12714 128 124 10 3914 34%M 5% 5lg 14214 189% 4 w| W -_ W u % 1By the Assoriated Pross 14 | NEW YORK. December 11 An up- 11 | Ward movement of stock prices, which 1y | carried the industrial average to with in half a point of the record high {1evel established in September, estah 4% | lishment of the highest level in over 1. |10 vears by the hond price average, a 1 [Sharp rally in French franes which .,Inmd the demand rate ahove 4 cents 1% By the Associated Press. NEW YORK, Decembar 11.--Trade operations in the market, for this season of the yvear are sxceeding expactations of some manufacturer: The movement against contracts kep | up well, with one of the features he continuation of new business on the | part of jobbers and consumers who | were thought to have about filled their neads. Buying by many raflrea track accessories was above the aver- age, while the car inquiries were im- pressive. Prices in all directions were steady. The pig iron demand was limited to small lots, with prices steady. The recent decline to the 1315 cent lavel for copper delivered at Conneetf cut Valley points, brought in an active demand. Consumers who had been holding off for several weeks owing partiy to unsettied conditions abroad, entered the market to cover accumu lated needs and sales were reported aggregating in the neighborhood of 70 million pounds, according to current estimates, domestic demands then tapered off somewhat hut a_beter ex- port business has developed and the market was steady at the end of the week with producers holding at 13% for electrolytic delivered. Domestic consumers are helieved to have con siderable copper still to buy for the first quarter. Tin was nervous. Small reactions brought in some good huying, but the bulk of consumers were thought to have covered their immediate needs. The demand for lead was considered disappointing in some quarters in view of the lower price level. London advanced but the movement was tgnored here. Zinc was quiet and steady. A feat- ure was the fact that many con- sumers hawve hooked but small quan- tities for the first quarter of the year. Antimony was quiet and the tone easy as a result of the indisposition of the average consumer or jobher to bid for either future shipment from the Far East or nearby arrtvals. STOCK IS INCREASED. Royal Bank of Canada Cuts Melon With Stockholders. MONTREAL, December 11 (#).— The Royal Bank of Canada today an, nounced an increase in its capital stock of $5.600.000. The new shares { will be allotted at $200 per share to 1o Press. YORK, December 11.—The cotten market was quiet, but gen- erally steady today, January con- tracts selling up to 11.87, ar 9 points net higher and closing at 11.83. The general market cloged steady at net advances of 4 to 7 points. The opsning was steady at an ad- vance of 2 to 7 peints in response to relatively steady Liverpool cables A little Southern selling and realiz- ing were soon absorhed by trade buying and covering. Rrokers with domestic mill conneetions were mod- erate huyers of the Spring and Sum- mer months, and appearance of this demand, combined with the absence of any important selling pressure from. the South, ne doubt increased a disposition to cover short con- tracts for over the week end. The huying was by no means ac- tive, but offerings were light and prices reached the highest levels of the day in late trading, when De- cgmber sold_at 1220, and May at 12.34, about 7 to 8 points net higher. The close was within 3 or 4 points of the hest private cable Ry the A NEW . stael ' 5o 5 | o 119 £0 140% e R 1% s Zehras ara vicious and very hard to train 4o 1261 127 60 61% 824 e Not. | ~1925-28 High. Low. Chy 100 92% | 127 46% 234 64% 99 18 Wl121% + 3% | 28% nm 1022 14% 625 Bty 89 Hich. Low. Closs. 98 98 98 117% 112% 115 Stock and dividend. Retd Ica Cream pf (7). Remington Typewriter. Replogie Steel . Republc! Iron & Steel(4) Republic Iron & St pr('n Reynolds Spring. . Reynolds Tobacco B Robert Rels & Co. g Rossia Ins Co of Am (6).. Royal Dutch (a3.078).. Rutland pf.. Safety Cable (4). St Joseph Lead (n) St Louls-S: St & San St Lov St Loufs § Savage Arins (4)..... Schulte Retall St (§8 Seaboard Alr Line Seaboard Air Line pf Seagrave (81.20)..... Sears, Roebk & Co (2%3). Seneca Copper. 3 Shattuck (Frank G) (2).. Shell Tr&Trad (a2.17%). Shell Union Ol (12). Shell Union O11 pf (6) .. Sherwin-Willlams pf(7). Shubert Theater (5) Simmons Co (12%) Simms Petroleum (1). Sinclair Consol Ofl. . Sinelatr Consol Oil pf(8). Skelly O11 (2) Slosn-Sheft Steel & Ir (5. South Porto Rico Sug(6). So Porto Rico Sug pf(8). Sou Calif Bdtson (2).. Southern Dairles A (4). Southern Dairles B. .. Southern Pacific (6). Southern Railway (7). Southern Railway pt (5). Spalding (A G) 15t pf(7). Spear & C'o Spicer Mfg Spicer Mfg pf (%) Standard Gas & 1 (g3) .. Standard Gas & El pf (4). Standard Milling (5).. Standard Milling pf (6). Std Oil of Callf ($215). Stand O N J (+1.12%).. Standard Ofl of NJ pf(7). 214 Standard Ofl N ¥ (1.60).. Stock and dividend. Loose-WilesBls 2d pf(7). Lorillard (P) Co (§2).... Lorrilard (P) Co pf (7).. Loulsiana O Refining. Loulsiana Oll pf (6%). .. Louis ("1s & KI CI A(1%) Louisville & Nash(16%) . Ludlum Steel(2). McCrory Stores B (11.60) Melntyre Porc Mines (1). Mack Trucks (8)........ Mack Trucks 18t pt (7) Mack Trucks 2d pt (1) Mackay Cos (T)..... Mackay Cos pf (4). Macy (R H) & Co. Macy & Co pf (7). Magma Copper (3). Manati Sugar pf Manhat Elec Supply u» Man Elev mod gtd (D5). Manhat Shirt (1%) . Manila Elee Corp (2) Maracaibo Ofl Explora Market St Ry Market 8t Ry prior pf. Market 8t Ry 2d pf. Marland O11 (4) . z Marlin Rockwall (17%4) . Martin-Parry (3). Mathieson Alkall (4). May Dept 8t (8). May Dept Stores pf (1). Maytag Co (2). Metro Goldwin pf ( Mexican Seaboard Miami Copper (1%). Mld-Continent Petroleum. Middle-States Oll. Middle States Ofl cifs. % Midland Steel Pr pun:) 115 Miller Rubber (2). Minneapolis & St Louls Minneapolis StP &S S Minneap StP & S S M pf. Missourl Kansas & Tex Mo Kansas & Texas pf (9) Missour! Pacific. . . Missouri Paclfic pf. Montana Power (5) Montgomery Ward (4) Moon Motors (1%)...... Mother Lode Coalit (%). Motion Pletures (1)..... Moto-Meter CI A (3.60) Motor Wheel (2) 147 8 424 841 au 27" 1031 lDS‘qllO’I\q 9 17 b2 149% 144 39% 39 97 ~ 96% . 534 bln 128% 128% 106% 104 130 127 26 m'& 103 334% 264 a1k 178 146% - % - 1% 1% 35% 9% advices said hedge selling “in Liverpool had heen ahsorbed hy ecalling, covering and Manchester huying and also report- ed hetter demand for some lines of cotton goods from China. The amount of cotten on shiphoard awaiting clearance at the end of the week was estimated at 239,000 bales, against 160,000 last year. Prospects of large midmonth clearances may have contributed to the steadier ruling of prices. The volume of busi- nees, however, was not considered sufficient to indicate any partioulaw change in general sentiment and local brokers attributed the advance chiefly to week end covering and the comparative absence of selling pres< sure. RAW SUGAR UNC;;NGED. Signing of Restriction Decree Has Bullish Effect on Futures. NEW YORK, December 11 (#).— The raw sugar market was firm tos day. but as no sales were reported, prices were unchanged to 5.08 for Cuban duty paid The signing of the decree by Presie 115% 122'% 241 12% 6614 1% 18% 96% 104% 36% 181% 1 * 8% 687 116% 23% 194 + 1+ 128 11% 821 29% 747 0% 1137% 111 124% 123% 122 122 47% 45 63% 60 110% 110 90 88 4614 46'% 61% 59% 6 5% % | 140% 134% 140% % 121 119% 121 + 1% 133 132%1182% + 1% 4 44% 4% + W 114 113 114 +1 84 82 84 + 1% 109% 108% 109% + 1% 1% 40% 40% — % 20% 28 29% + 1% 150% 149% 150 + % 121% 120% 121% + % 120 118% 120 111% 110%3:110% 120 119 120 66 60% |4+ 1++1 33 34 125 31128% 146131163 120 1120 30% 314 43% 44% 204 21% 105% 107'% 116% 118% 931 94% 103% 13% 22 105 =N FREEPFE FEF 14+ 1 8% 698, Am Safety Razor 86’ Am Safety v 5% Am Ship & Commerc: 90% Am Smelting & Ref ). 105% Am Smelt & Refin pf (7). 121% Am Snuff (12) 87% Am Steel Foundries (3). 108 Am Stl Foundries pf (7). 47% Am Sugar Refining (5). 91 Am Sugar Refining pr(v) 29% Am Sumatra 25% Am Telegrh & Cable (5) 4 130% Am Tel & Telegraph (9) 86 Am Tobacco (8) 841% Am Tobacco C1 B ( 104% Am Tobacco pf (6)...... 103 Am Typefounders ( . 34% Am Water Works(e1.20). L4441+ 1 L+ 1+ 2 24 100% 66% DI o e e I R 6% 3 119% a3 98 Am Water Works pf (7).. 19 Am Woolen. e 66 Am Woolen pf (7). % Am Writing Paper pf.... 5% Am Zinc Lead & Sm. 20 Am Zinc Lead & Sm pf. 25% Anaconda Copper (3) 107 36% 34% 23 Fed Motor Truck (f30¢). 109 91% First Nat Plc Ist pf 9.44 101 49% 28 First Nat Stores (1%) 81% 28% 10% Fisk Rubber. 98 76% Fisk Rubber 18t pf (1). 57% 82% Fleischmann Co (12%) 183% 75% Foundation Co (8. Munsingwear (3). Murray Body.. Murray Body ctfs. Nash Motors (13) Natl Acme. ... Nat Biseult (+5%). Nat Biscult pf (7) Standard Plate Glass. L+ Stewart-Warner (6).. Studebaker Co (5). Submarine Boat. Sun 011 (11) +4+ Sterling Products (16) . Stromberg Carburet (6) a % 14 o 6% I3 n shareholders of record of December 11 in proportion to their present hold- ings. Each shareholder will he en- titled to approximately one new share for every five shares now held. The present price of Royal Bank® shares is $260. dent Machado of Cuba. restricting the coming Cuban erop to 41 million tons, fed to active covering and trade buying in raw gigar futures. which advanced prices 2 to 7 points. The upturn, however, met considerable profit-taking and reactions followed, 26 Archer-Daniels-Midland . 90 Armour&Co of Del pf(7). 18% Armour & Co of 111 (A).. 5% Armour & Co of Ill (B).. 80 Armour & Co of 11l pf(7). 8i% 18 Arnold Constable & Co... 113 103% Artloom pf (7). 28% 15 Art Metal (1). . 23% 23 61% 87% Assoc Dry Goods (2%)... 42% 41% 102% 94 Assoc DryGood 1st pf(8). 101% 101% 108 101 Assoc DryGood 24 pf (7). 104 103% $9% 32 Associated Oil (12.80)... 50 50 16 116% Atch Top & Santa Fe (7). 160 164% 10i%s 924 Atch Top & S Fe pf (5) lfll% 101% 11% 33 Atlanta Birm & At. 5% 147% Atlantic Coant Line ('10) 210% 199% 20 AtlGuif & West Indies.. 38% 36 81 Atl Gulf&West Indies ot. 128% 95 Atlantic Refining........ 1124 1 120 113' Atlantic Refining pf (7).. 116% nm 67 45 Atlas Powder (15). 62 62% 82% 7% Austin-Nichols. 95 54 Austin-Nichols pf (7). 4% % Auto Knitter Hoslery. 64 92% Baldwin Locomotive (7). 158% 154% I)N 105 Baldwin Locomo pf (7).. 116 116 109% 71 Baltimore & Ohio (6).... 108% 105% 73% 62% Balti & Ohio pf (4). 73 T2% $6s 33 Bangor & Arooslook (3).. 45% 44 103 89 Bangor&Aroostook pf(7). 103 103 731 385 Barnet Leather......... 40% 40% 331 18% Barnsdall CLA (3). 27% 80 16 Barnsdall ClB (2). 257 38% Bayuk Cigars. ... 50% 5214 Beech-Nut Packing (13). 58% 275, Belding Brothers (3).... 284 37 Bethlehem Steel. . 464 98% Bethlehem Steel pf (1) mm mav. 28 Bloomingdale Bros. 104% Bloomingdale Bros pE (1) nn mm 4% Booth Fisheries 7% 25 Booth Fishere: 41 41 46 20 Botany A 26+ 28 44% 25 Briggs Manufacturg (3). 29% 26% [ 3% British Empire Steel. % 13 British Emp Steel 24 pf.. 2% 120% Brookiyn Edison Eles(8). 1574 164% 35% Broowiyn-Man Tr (4) 3% 1% anhat Tpf (8). 884 87h 0. Laty 95 85 56% Fox Film Class A 36 8 Freeport-Texas 42 25% Gabriel Snubber (3%). 16% 4% Gardner Motor. . 60 39 Gen Am Tank Car (3). 108'% 96 Gen Am Tank Car pf (7).. 94% 42% Gen Asphalt. . 140% 86% Gen Asphalt of (5) 69% 46 GenCigar (4)...... 118 106 Gen Cigarpf (7)........ 118% 104 Gen Cigardebpf (7)... 95% 79 General Electric (h8). 11% 10% Gen Electric Spec (60c) 61% 34 GenGas& Elec A (e1%). 100 95 GenGas& FlecT% pf A 48% 36 GenGas (B).... 97% 92% Gen Gaspt B (7) 173% 64% Gen Motors (t11).... 106 90 Gen Motors pf (8).. 122 102 General Motors pf (1) 86% 26% Gen Outdoor Adv (2).. 56% 45% Gen Outd‘Adv Cl A (4). RI‘ (1514 . the market closing 2 points lower to 1 point net higher. December and January closed 3 March, 3.27; May, 3.32; July. 3.40; September, 3.46. he refined sugar market was un- changed at 6.20 to 6.40 for fine granu- |lated with demand light. EXTEND VISITING WEEK. As several officers and dlwt"nr' of local banks were unable to get to visit the local institute chapter dur- ing visitation week, they asked for an extension of time. President T. Hun- ton Leith announced vesterday that the visitation period would be con- tinued on Monday and Tuesday evenings of this week. The bankers will be most cordially welcomed as they were last week when scores at- tended various classes. Superior Oil Superior Bteel (2).... Sweets Co of America. . Symington Symington C Tenn Copper & Chem (1). Texas Co (3). Texas Corpn (3). : Texas Gulf Sulphur (4) Texas & Pacific. 5 1% & Pac Coal d s Pac Land Trust The Fair (2.40). Third Avenue. ‘Thompsen J C (3.60) Tidewater Ol (115).. Tide Water Oll pf (5). Timken Bearing (+5%) Tobacco Products (7) Tobaceo Prod Cl A (7) Transcontinentsl Oil. ..., Underwood Typewr (4).. Unlon Bag & Paper Union Carbide (6). . Union Oil of Cal (2). Unlon Pacific (10). . Unlon Pacific pf (4). Unlon Tank Car (5). ... Utd Cigar Stores (c2). United Drug (8). United Drug 1st pf (3%). United Dyewood . United Fruit (4). United Paperboard USCast1P & Fdy (10). U S Cast 1P & Fdy pf(7). U S Distributing. U S Hoffman (131 % U S Industrial Alcohol 2% U S Industrial Alco pt(7). 1 118 Realty & Imp (4).... 2 4 U S Rubber f U S Rubber 1st pf (8). U S Smelt Ref & M (314) . USBmelt R& M p(3%). U S Steel (7). U S Bteel pf (7) U S Tobacco (3) Univer Pict 15t pf (8). Unliver Pipe & Radiator. . Univer Pipe & Rad pf (7). Utl Pow & Lt A (2) adium Steel (14) Van Raalte. Nat Cash Register A (3). *» Nat Cloak & Suit. . The new capitalization will bring it 31| to 330.000000 and the reserve ‘I to the same amount. BANK CLEARINGS OFF. Several Cities in South Again Re- port Slump During Week. Richmond, Baltimore, Atlanta, St. Louis and Dallas were among the cities reporting a falling off in bank clearings during the week just closed. The Baltimore decline compared with the same week last year was 9. while in Richmond it was 10. The clearings over the country as a whole | dropped 8.7 per cent. Dun's report shows that the recession was more { severe in the Southern centers than in most of the hig citles elsewhere. {Financial Highlights of Past Week Brought Out in Nutshell by Statistics 93% 16% 8% 864 24% 13 118 277% 19% Mh 150%1166 117% 117" 19% 1% 116 119 15% T+ 1441 Nat Distillers Products. . Nat Distillers Prod pf. Nat Enam & Stpg. Nat Lead (8). Nat Lead pf (7). Nat Power & L lxhl (lflc)‘ I¢II £ *1‘0 - FE F ‘1300 1151 1290 2 274 +1 35% - 474 + Nat Sup pf (7) Nat Tea Co (4) Nevada Copper Y Air Brake (3) N Y Canners. .. N Y Canners pf (6) N Y Central (7). 8 N Y Chicago & 8L (11). N Y Chi & St L pf (8) N Y Dock. N Y Doc pf (5) N Y New Haven & Hart. . N Y Ontario & Western, N Y Rallways pf ctfs N Y Rwys (2d stpd) . N Y State Rallways Niagara F Pw Co puug) orfolk Southern Norf & Western (110). Norfolk & West pf (4). . No Amercan (10% stock) North Ampt (3)..... North Am Edison pf (6).. Northern Pacific (5)..... Norwalk Tire & Rubber. . Nunnally Co (1%). 011 Well Supply (2) Ol1 Well Supply pf ('II. Omnibus Corp Omnibus Corp pr A (8) Onyx Hoslery (3.20).. Oppenhm, Col & Co (4) Orpheum Circuit (2). Orpheum Circuit (pt (8). Otis Elevator (8) . Otis Elevator pt (6)... Otis Steel Otix Steel prior pt (1). Outlet Company (t4) Outlet Company pf (1) Owens Bottle (t4).. Pacific Gas & Elec (8)... Pacific Oil Stubs. Packard Mot Co. (2. lO) . Paige-Detroit Motor ‘. Pan-Am Pet & Trans (8). Pan-Am Pet & T CI B (8). Pan-Am West Pet B (2).. Panhandle Prod & Ref. .. Panhandle Prod & Ref pf. Park & Tilford. .. Park Utah (89¢) Pathe Exch, C1 A (el) Peerless Motors Penick & Ford (1 Pennsylvania Coal&Coke. Pa Dixie Cement (80c). .. Pa Dixie Cement pf (7). . Penna Railroad (3%). Penn Seaboard Steel. Peoples Gas Chicago ( Pere Marquette (18). Pere Marquette pf (5). Pere Marquette pr pf(5). Phila Co (4).... Phila Co pt (3) Phila & Reading C&T Philip Morris & Co. Phillips-Jones(4). . Phillips Petroleum (3)... Phoenix Hoslery * Phoenix Hosi Plerce-Arrow Plerce-Arrow pt (8). Pierce Oil. ... Plerce Ofl pf. Pierce Petroleum. Pitts Coal Pittburgh Coal p Pitts Bt Wayn&Chi p!(n. up\ Pitts Steel pf (7).... Pitts Terminal C Pittsburgh & W Va (‘) Porto Rican Am Tobacco. Postum Cereal (5). Pressed Stee! Car. Producers & Refiners. Producers & Refiners pf.. Public Service NJ (2)... 320 Public Service pf (6)..... 1004 Public Service N J pf(7). 108% Public Service N J pu 124m Public Ser EI&G: 108% Public Ser El Pw p( (1).. 114 © 47 +HEt+ ] | 157% + 2% 1186 — 2% 108 + 2 #55re Fiess 265 12 Glidden Company (2). 56% 37 Gold Dus 74% 36% Goodrich (B F) Co (4) 102 92 Goodrich (B F) pf (7) 109% 97% Goodyear Tire&Ru pf(7). 69% 33% Gotham Silk Hos (3%). 68% 47% Gotham Hos new (2%).. 68 125 98 Gotham Silk Hos pf (7).. 111% 28 8 Gould Coupler (A)....... 9% 36% 13 Granby Consolidated. 844 60 Great Northern pf (5)... 84% 40% 18% Great Northern Ore (1%) 18% 118% 89 Great Western Sugar (8). 110% 118% 107 Great West Sugar pf (1). 117% 321 9% Greene Cananea Copper.. 32% 10% 8% Guantanamo Sugar. 10 41% 28 Gulf Moblle & Northern.. S$7% 109% 89% Guif Moblile & Nor pf (6). 108% 96% 51% Gulf States Steel (5). 58% 89 4214 Hanna (M A) Istpf.. 58 2814 26 HartmanA (2)... 30 25% Hartman B (k4 40). 49% 19% Hayes Wheel (131) 107 Hayes Wheel pf (714) 88 Helme, G W (17) « 48% 17% Hoe (R) & Co Class A.. 63 43 Homestake Mining (11).. 48% 34% Household Products (14) 85 50% Houston Oil. 45 16% Howe Sound (4). 40% 21% Hudson & Manhat (2%) 139% 33% Hudsen Motor (3%). 31 14% Hupp Motor Car (1.40)... 131. 111 Illinois Central (1) 128% 112% Iilinols Central pf (8) 41% 133 Independ Oll & Gas (1). 100 83 Indian Motorcyele pf (7 14% 5% Indian Refining. . 12% 6 Indian Refining ctfs. 107% 77 Ingersoll-Rand (15) 50 341 Inland Steel (2%). 5% 20% Inspiration Copper (2). 52'a 13% Interboro Rapld Transit. 21% 13% Intercontl Rub (1). 74 Internat Agricultural. Internat Agri prior pf(7). Int Business Ma (13%) Internat Cement (4) ... Internat Cement pf (7).. % Internat Comp Eng (2). 166% 9614 127'% 113% 66% 53% 4% 6 62% 27 48% 24% 104% 94 67% 44% 99% 86 199% 108 144 87% 29% 18 1 4410 z S o = 255 3 NEW YORK, December 11, 1926. This Week. Last Week. High. Low. High. Low. 138.25 13714 13752 13614 This Week. Last Week. . 89.33 §9.12 234 +14% 108 1% 3 50 fssues).......,.. Stocks (average of Bonds (average of 40 imsues).. Foreign bonds (average of 10 issu 104.53 Year Ago. 69.4 Last Week. 41 10 51g 4% 10 4% Month ot Oct.. 1975, $4,109,18: 9 b . This Week. Last V\e’k Federal 1 Money Call Time Reserve ratio rates in New Yerk This Week. S 4l to Bl 4% to 4% Month of Sept., 1926, 593,500 104,543 463 $324,568,402 I+ 44+ +++1++1 1 ++ ]+ Month of 1926. $3.803.661 3. 106,891 |+ 195% + 1% 82% — 1% 110 + 2% 37% 36% 29% Brown Shoe (2). 96 TRrown Shoe pf (7)... 24 Brunswick-Balke-Coilen. 3 Brunswick Ter & Ry See. 16% 15 86% Buffalo Roch & Pitpf(6). 97% 974 35 Buffalo & Susquehann 41 41 92% Burns Brothers Cl A(10). 131% 120% 17 Burns Brothers CIB (2). 304 29% 65 Burroughs Adding (14). um 119 14% Bush Terminal. < 80 Bush Terminal deb (1) Butte Copper & 7 (50c) . Butte & Superior (2).... Rutterick & Co (2) . Byers (A M)...... By-Products (2). California Packing (4)... Calffornia Petroleum (3) Callahan Zinc & Lead. ... Calumet & Arizona (8) Calumet & Hecla (1%) Canada Dry G A (c2%). Canada Southern (3) Canadian Pacific (10). Case (J 1) Thresh Mach. . Case (J 1) Thres M p£(7). Central Alloy (2)... Central Leather Co. Central Leather ctfs Cent Leather Copf...... Central Leather pf otfs. . Central R R of N J (112). Century Ribbon Ml Cerro de Paxco (15). Certain-teed Products(4) Certain-tdProi ist pe(7). Chandler-Cleveland. Chandler-Clev pf (4).... Chesapeake & Ohlo (112). Chicago & Alton Chicago & Alton p! Chicago & East Tilinols. 8615 Chicago& East lllinols pt. 7% Chicago Great Western.. 16% Chicago Great West pf 3% Chi Mil & St Paul.. Chi Mi] & St Paul pf. . Chi Mil & St P ctfs of dep. “hi M&St P pf ctfs of dep Chi & Northwestern (4).. Chi & Northwestn pf (7). Chi Pneumatic Tool (5) Chi Rock Island & Pacific. Chi Rock 181 & Pac pt (8). Chi Rock sl & Pac pf (7). 4 Childs Co ($2.40). Chile Copper (21%) Christie Brown&c “hrysler Motor (3) Chrysler Corp pf (8) 581 Cluett-Peabody (5). 80 Coca-Cola (7) 34% Collins & Atkman (4) . 983, Collins & Alkman pf (7). 273 Colorado Fuel & Iron..... Colorado & Southern Colorado & S Colorado & Columb Unfilled steel orders | Pig_iron production Building permits: Number of ci 141 482 $422,365,881 1,581 $20,543,870 Previous week. Year ago. Carolina Chem pf (6) Liabilities Carolina Chem pf'(7) Revenue car loadings: All commod:ties. Grain and grain nrndut Coal and coke.... products : pmducu 1 $33,230 $29,089.81 lzu 2 Week of Nov. 122% . 1224 Va Iron Coal & Coke e Vivadou (3)...... Vivadop pf (7). . Vulean Detinning Wabash Wabash pf A (5). Waldorf System ( Walworth (1) Ward Baking Class B. 4 Ward Baking pf (7). Warner Bro Pic C1A. Warren Bros (4). Weber & Hetlbron WestPenn Eleetrle A (7). West Penn Elec pf (7). West P’enn Power pf (6). West Penn Power pf (7). Western Maryland...... Western Maryland 2d pf. Western Pacific. ........ Western Pacific pf (6)... Western Unlon Teleg(8). Wtsinghouse Air Br (18) West'house E & M (4). Weston Elec Instrument. Weston Elec Inst CIA(2). Wheeling & Lake Erle. .. Wheeling & Lake Erie pf. White Eagle Ol (2)... White Motors (4)..... White Rock (12) White Sewing Ma pf (4). " Wickwire-Spenc St ctfs. Willys-Over Willys-Overland pf (7) Wilson & Co.. Wilson & Co (A). Wilson & Co pf (314) Woolworth (6).. Worthington Pump . Worthington Pump (A).. Worthington Pump (B).. Wright Aeronautical (1). Wrigley (WmJr) (t4)... Yale & Towne (16). Yellow Tr & Coach (756). Yellow Tr & Conch pe(7). 100 Youngstown S & T (4)... say RIGHTS—EXPIRE. Atlantic Coast Line Columbla Gas. Detroit Edison, Dec 21 Marland Oil, Dec 29 Reading Rwy Jan 1°97 Southn Railway, Dec 28 Stanuara UL, & g Jun L. + 40+ 109% 14t 8% 3% 224 e+ W 13 W b4y — 2 394 — 3% 8% - 1 6+ 31 4y 64 17 28 53 66% 23% 1% 45 12% 3214 57 168 196% 176 24 118% 60 834 28 3% e 8% Th 71 48% 53% 50 240 10% 43% 36% 8915 Bly 208 £9% 3 130 208, Forest Miscellaneous Ore Live HOW IS Showing Current Business Amvny compared with same week a year ago % 4 % 1% 68 15% 37 59% — % 164% + 1 | 1665 + 2% 112% + 1 31 + 1% 8% % TH - % ™ TH TR 52l Slu Slh - 1u 58 52 1 0% 208 20x 111 14% 13% 13% + 1 5% 6214 65 + 2% a4 azv a3% — u 106% 105% 106% — % % 8y 8% — % 26 20% 24% + % - 163 15R%t162n | 26 | ATH 1684 5% 4% b o+ w| 2% 9 6% 8w + 11120 111% 0% — 1% | 66 12 1 + 14 + % BUSINES@" 169% 145% 112% 112 31 29 181 o 117% 89 4 94 Internat Match pf (3.30). 9 Internat Mer Marine Internat Mer Marine pf. Int Nickel (2) Internat Nicke International Paper (3).. 5% Internatl Paper pf (7)... 97% International Shoe (7)... 161 Internat Tel & Tel (6).... 120% Intertype Corp (t1%) 23 Jewel T Jones Bros Te: Jones & Laughlin pt (7). Jordan Motor Kan City PraL 1at pf (7. 114% IKansas City Southern. Fansas City South pf(4). o Kavser(Juilus)& Co(3).. 45% Kayser (Jullus) 18t pt(8) 110 Keily-Springfield Tire 9% Kelly-Springfield Tire pf. 45 Kelsey Wheel (6) 90 Kelsey Wheel pf 11614 Kennecott Copper (7). 6314 KKevston:, Tire & Rubber. Kivaey (G R) Co (4). Kraft Cheesa Kresge S § (1.20). Kresge (S 8) Co pf (7). Kress (S H) Co (4). Laclede Gas (110) Lago Oil & Transport Lambert Co (5) . Lee Rubber & Tir Lehigh Valley (15). Lehn & Fink (3).. Life Savers (1.60) Liggett & Myers (14). Liggett & M CI B (14).... Liggett & Myers pf (7)... Lima Locomotive (4). Liquid Carbide (3.60) Loew's Ine (13)..... L N | FH I+ At o s 9 31 46% 9 33 72 149%:¢1 100 38% 115 7% B1% % 68% 4 i110 21% 4% | 126 1184 10712 641 46% 34 W 103 39 68 58 821 264 116 110% 545 390 1964 110% 244 194 72 39% 19 6% 106 69 4% 30% 22% 17% 101 57 101% B6% 129% 116% 4% 53% BRIy 43l asn ll\u 454 99 amNERAL BUSCYRSG, ACTVR, (L 0L, S0 ACTIVITY BY FEDERAL RESERVE DISTRICTS Check transactions compared with the corresponding week of last year: v 7 123 123 118% 117 69 68 98 108 123 118% + 68% - 931 194 103%5104% 524 49 50% + 364 32% 35% + 'nw. 36% 8T% + 39% + 106 126's 101% 128 0l 71 98 T4% 8% 645 64% 111% T1% 177% 6044 120% 49% _Phil'ohia | Atianta —04% 1 +10% | Touls | M " Boston | New York | _Richmond I‘ —83% | Chicago | Cleveland | —a. 72 294 56/ . 1131% 485 LEADING BAROMETERS Showing trend of important factors. Png'l:.l“r;nd Steady Steady 2915 28% 93 (1.20) . . 196% 21% 15% 2% 3% ke 16% % Lo E? Purity Bakeries (A). Purity Bakerles (B)., Purity Bakerles pf (7) Radio Corp of Am. Radpi Cor of Am pf (3%). R R Sec 111 Cen ctfs (4) ,. Rand Mines (a3.04) . 10% Ray Con Copper (23¢). .. 69% Reading (4). 35% Reading 18t pf (2)... 364 Reading 2d pf (2) a'm Real Bllk l(lulary @ ery pf (7 ,»mnmmm Bireses 170% 1667% i 60 b7 Business in dollars (checks cashed) 1204 114% X LS Labor) ... 5 wndnstrhl Conference Bonrdb Tetees (gt of ARH \ ricultural ( of Agric Vlfwomunt of ;«m (car loadings) Retall ti Reserve Board \\hdsnle trade fl'mrll R!Iern Boai Fallures (Dun's) .. Bond prices :Ann.lht) St Stock market volume (shares traded) Undecided (Al rights ressrved. Cambridgs Associates, Boston.) Steady Declining Steady Upward Upward Steady % 1% " ™ 1 ou 2d pf (4). & Elee (5 T h & Elnewid) plumbia Gas pf A (8)... Columbian Carbon (4) 16t Commer Credit (2) 20 Commer Credit pf B B0 Commer Invest Tr (3. lu). 67 P R *Partly stock. {Partly extra. 3Payable in common 4% in stock payable 1% quartey) 18 | this year—no regular rate. b 10 uuurml.v cPlus 5% in stock. mn or stock. {Plus 2% % opecial L LPlus SL1a .l“.\m % in A8l - 1011 100% 101 6874 68 6Bl 19 18% 118% + 23 22 123 + 60% 69 5p - . e Paable .nn- 3-50 share in in special L] ] ke <I+++If|f+I (3] 434 .17 168% l%llllk 1044 Looss-Wiles 1st pf ()., 119% 119 A 144 171 119% + . N + 7 5 4 e o + & e & + + + + +