Evening Star Newspaper, December 17, 1926, Page 10

50 e FINANCIAL. BULLSROUT BEARS - ONSTEEL'SAGTION ‘Trading Enormous—Stimu- . lus Given General Market. Rails Impressive. BY STUART P. WEST. Spacial Dispatch to The Star. KEW YORK, December 17.—Wall reet today took the United States Steel dividend action in the only way svhich seemed reasonable, as a vote of confidence in the business outlook, by 2 hBdy of men whose judsment is uni- y Iy respected. In this way it af- foxded a stumulus to the general mar- Ket and sentiment in business circles. *The trading in United States Steel, especially at the opening, and for a Half hour or so afterward, was enor- 1nbus. It was more exciting than any Wall Street has seen in a long while. “fhe market had been right on the ] | i | Abranmastraus. 65" Adams Exp (6).. Adv Rumley. Adv Rumley p 4Ahumada(t60c) . Air Reductn(t6) Ajax Rubber. , All Am Cable(7). Allied Chem (4) Allied Cm pr(7) . Allis Chalm (6 Amal Lthr pr(7) Amerada (2). .., Am Agricul Chm Am Agri Chpt. . Am Bank N (3). Am Beet Sug pf. Am Bosch Am Brake Sh(6) Am Br Bov EI(2) Am Can (2), AmCanpt (7)., Am Car&Fdy (6) Am Chicle (3). Am Drug. . Am Express (§). Am & For Pow. . Am&Fs Po nt (7) Am Hide & Lea Am Tee (+10) Am Internatl Am La Fr (1) ‘M Linseed. . Am Locomot (8) stédl dividend well into Thursday afternoon, Then with the stock sell- ing ahove attention was given to cartain rumors which were evidently 1igfie up out of whole cloth, that noth- Mg was to be done at this meeting aft- ©r all. This led to a hurried rush of selling, under which the price broke 4 points, off with a moderate re- * covery at 1547 Under the terrific pressure of buy- ing orders which came into the market his. morning United States Steel sold 21 high as 160 on the opening trans: tions. The stock was selling at 1581 on «ne side of the crowd, while it was 160 on the other. From then re was a better balance between ng and selling. Steel common got above 160, but there was plenty of stock offered around the higher level. “frading began-on the Curb in the new Tnited States Steel shares, which took account of the 40 per cent reduction that will be made from the market price of the old shares. The new Am Mach & Fdy. Am Metale (4).. Am Po & Lt (1) Am Radiator(5). Am Rv Exp (6). Am Renublic. . .. Am Shin & Com. Am Smeltine (/) AmS& Rof (7). Am St] Fays (3) Am Snear (5)... Am Suear pf (7) Am Sumatra. ... Am Tel & Tel(5) Am Tobacco (8). Am Tohacco R (8 Am Tobac of (§) Am Typ Fdrs(8) Am Wa Wo c1.20 Am W W 1st (7). Am Woolen .... Am Wool of (7). Am Writ Pa pf. Am Zinc Am Zinc nf. Anaconda (3). .. ArmourDel nf(7) stock was quoted most of the time within a radius of a point and a half from 115 up. I was plain that while Wall Street for months has been discussing a stock Adividend on United States Steel and hns-frequently named the figure at 40 yer cent, still it was surprised. It svas news rather expected, and yet, + unee it broke, seemed too good to arubl Independent steel stocks were car- ried along with the leader, Youngs- town getting above 90, and Republic von and Steel up two points or <o, ¢ kvhile Crucible made a quick response i g(- the increase in the dividend from a 5 to a $6 basis. 5 1 Next to the steels, in fact, quite as % fmpresiive a demonstration was_the revival of buying in the rails. New York Central and Reading both Jumped’ two points. Atchison made a new high record. Southern Railway was very strong. The talk was that the example of the United States Steel board would e an encouragement to some of the railway directorates, which are be- lieved to have plans for extra distribu- tions in prospect, but which have not =t put them through. With recent profit taking absorbed, the New York traction group moved forward again—Brooklyn, Manhattan, Interboro Rapid Transit, Third Ave- nue and Manhattan Modified guaran- teed. Brooklyn Manhattan made a new high record for the year. American Smelting was one of the eaders of the industrials with an ad- vance of some 5 points, most of which occurred right at the opening. This rise_was sympathetic with the pro- ceedings in the steel shares more or WHEAT HAS SETBACK, ' THEN STAGES RALLY ‘TLower Liverpool Prices and Bear- ish Argentine News Start Selling Rush. ciated Press. December 17.—With ([Liverpool quotations lower than due iund with bearish crop advices from fiArgentina at hand, wheat values here underwent an early setback today. A rush to sell wheat took lace at the opening, but sufficient uying soon developed to steady the market. Wheat opened % to % off, end afterward scored a moderate rally. Corn, vats and provisions were easy, corn starting at 14 to 5 decline &nd later showing some recovery. Assertions that Chicago May deliv- ery of wheat is the highest priced wheat in the world attracted a good deal of notice among wheat traders ay. It was also contended in some s that, according to statistics, the United States apparently still has 2 generous wieat surplus, which must find export outlets to avoid a burden- some carryover at the end of the crop year. Reports of larger offerings from Ar- gentina and of favorable harvest ither there were among additional rish factors in today’s wheat mar- likewise current that from Buenos Aires Province, tina, show larger Jelds than expected. This is the prin. ipal province as to wheat acreage. RUBBER LOWER. NEW YORK, December 17 (Special). —(rude rubber, smoked ribbed sheet: declined % at tbday’s noon quotation | of 3 This compares with 40% a g0 and 91 a year ago. | . , i SHORT-TERM SECURITIES. p was &St 2 o Paul 08 1034 yon fix 1938 0. 3% E. 1et 5e i 1t 3 4 A bigw 1928 Choc. Co. Bids 1940 Ol Blas Gas Co. | rehe: mbin. :4, ® 5 st 0s 1928, Sou. Pac. RO R Sd 0 of NOY sw . Swift & Co. Gs 19: Tnigs Ol of Calif Loign Pac R R Tnifed L. & P, C. 8 Ty, Rulbber 6% 1038 101 TS Smelt. Co. 5las 0 Wisc. Cen. Ry. C. 5%s 1927 1007 FEDERAL LAND BANK BONDS. & Sos. Closing.) Armour of TI(AY Armonr of TI'(B) Arnold Con&Co. . Artloom (3)..... Asro Drv (G23) Atchison (7).... Atehizon of (5). At Rirm & At... Atlant C T, (+10) A1 Conet T, rts. . At Gmie & W, At] GmeAWT nt, Atlantie Refine. . Atlas Pow nf (6) Anstin.Nichols Raldwin T, (1) Ralto & O (168%) Walto & Oh nf(4) Rone & Ar (3).. RarnsAall A (2). Tavnk Mear, Raynk 1=t pf (7) Pasch-Nut (42). Raldine Rros(3). athlaham Steel. Rath 819 (7).. Dioominedale. . . Rinmenthal nf. . Rooth Fisheries. Ratanv A (4). Rrires Mfe (3., RkIn-Fatenn (8). Rikn-Mn Tr (4). Bk Man T nf(8). BKIn Un G(#11). Rrunewick Ter. . Ruft & Snsa of.. Rurne Rr R (2).. Rush Terminal. . Rutta Can (50e). RnttesSnner(2). terick (m2). Ry-Products (2). Falif Packe4). . a1 Patral(2).. Callahan Zte .. . Ca'umaet & Ar(8) Calumet&H(114) Fan Dry (c2%). €an Pacific (10). Mage Thrachine, Case Thr pt (7). Cantral Allov(2) Cent T.eather.... Cent Teathar nf. Cent Lea nf ctfs. Cen Ry NT(+12). Century RIb M. Cerro dePas(5). Certain-Tead(4). Chand-Cleve... . . Chandler nf(2%) Ches & Ohlo (+12 Chi & Bast T pf. Chf Great West. Chi Gr West pf.. ChEMITASEP. . .. Chi MIIRSP pf. © MASLP cfs. C M&StP of cfs. ht & Nwn (4).. Chi Pneu T (5).. ChIRT&Pac... CRI&P (6). Childs ($2.40)... Chile Cop (23%) . Christle B (1.20) Chrysler Corp(3) Cluett Peab (5). Coea-Cola (7). .. Col'ins & Alk(4) Collins&A pf (7) Col Fuel & Tron. Col & Southn (3) Col Gas & El (). Col Gas new (5). Col Gas rts Col G&E pf A(8) Col Carbon (4).. Com Credit (1). Com Cr 18t(8%). Com Cr pf B (2). Com Solv B (8). Congoleum N. .. Congress Cgr(8) Con Cigars (1).. Conso! Distribut Consol Gas (5). . ConRRCuba pt 6 Consol Textile. . Cont Bakg A (8) Cont Baking B. . Cont Bak pf (8). Cont Can (16)... Cont lnlur.(ol)). - Cont Mot (80c).. Corn Prod(t2%) 50% Crown Pa 1st () 97% Crucible Steel(6) 81 Crucible pf (7).. 102% CubaCaneSugar. 10% Cuba Cane Su pf. 4T% Cuba Co (4) Cuban Am 8 Cuban-Dom Sug. Cudahy (new).. Cushman's (8).. 100 Davison Chem. .. 2T% Del & Hud (9)... 178 DelL & W (17).. 146% DRG Wstpf... ‘u 44 169% 101% % 204% 16% 41% R0y, 115% 94 1y 1R0% 1084 73 N 28 52 101% Rot4 28 AT% 104% 7% 45% 7% 2914 7% 1R 74% 20% o4 1h% 40 20 27 av 10% 2% 72 70% 1% 1% oy 1h% °T 105Y% 15934 118 0% Ti% K28 5% 292 1% 28 2% R4 on14 1684 5% R 24% /Y% 18% A% 18% R1Y% 19% 69% ST% 2% 101% €9 18% 87 24 221 19% B66% 84% 1% 109 Y 8% 2% 28 18% Detroit Ed rts. Devoe & R(2.40). Dodge BrosCl A. Dodge pf (7).... Dome Mines (2). Dul S S & Atl pf. Du Pont (112).. Du Pont deb (6) . Bastman (18)... Electric Boat. .. Elec Power & Lt. Elec Refrig (<2) Elec Sto But(16) Etsenlohr & Bro. Elk Horn. ...« Emrsn-Br pf cfs Endicott pf (7).. Engnrs PS pf(7) Engineers Pub § Eureka Vac (4). ixchange (136). Fairbanks (3)... 109% 109% 109% 109% 154 42% 42% Famous P1 (38).. 114% 114% . High. Low. Closs | 63 140% 140% 140% 147% 141% 147 121% 121% 121% €04 88% 8% 105% 105% 105% 22 32% 14% 428% 128% 12°% 102% 1024 102% 89% 804 89% 9% 9% 130% 129 130% 18% 18% 1R% £Ou S9N B9 84 Bu 84 188% 181 13%% 891 30% 394 1M% 1% 1'% 2215 82 82 THE EVENING STAR, WASHINGTON, D. C, FRIDAY, DECEMBER 17, 1926. Open. 42 76 FedLight(*1.40) Fed Min pf (7). Fed Mot T(f80c) Fi st Nat §(1%) Fisk Rubber. ... Fleischmn 1214 . Foundation (8) . Fox Film A (4).. 71 Freeport Tex (2) 83% Jabrie1 Sn (3%) 81 Gen Am Tnk (3). 47% Gen Asphalt. Gen Cigars (4).. 5% n Clgar pf (7). 1 en Elec (h3). .. GenElec sp(60c) Gen Motor(t11). Gen Mot pf (7). Gen Outdr A (4). Gen Outdr Ad(2) 367 Gen Ry Sig t5%. 84% GImbl Br pf (7). 103% Glidden (2) 19 Gold Dust. 45% Goodrich Ru (4) 42% @odrich pf (7). 9514 Goodyear pf (7). 96% Gothm S H(2%). 61% Gotham pf (7).. 111% Granby Consol.. 35% Grt North pf (5) §2% GtNrOre(t1%). 18% Grt Westn Su (8) 109 Green Canan. 1081 1084 108% 72 72 2 454 44% 45% 2 61w 62 110 110 88 AR 8% 47 47 47 6 Bu B% 146% 141 148 12'% 121% 121% 4474 a4 44 BR%; ROL; RV 109 109 108 42w 42 42 150 150% 1601 1224 121 122% 1217 120% 121% 110% 110% 110% 130 130 130 6% 62 AR 106% 106% 106% R 84 84 88% 881 8RY 1 1 1 Ria Rl 47 a7 2% 4R o8% ok 16% 15% o Guantanamo. Gulf Mo & Nor. . Gulf States (5). . HartmnB (k4.40) Hoe& CoA..... Houston Oi1 Howe Sound(4). Hud Man (2%). . Hudson Mo(3%) Hup Mot (1.40).. Iliinols Cen (7) Indep O11 (1). Indian Refining. IndlanRefg ctfs. Inland St (2%).. Inspiration (2).. Interbor Rap Tr. Internat Agri. .. In Ag Cprpf(”). Int Bus Ma 34 . bl Int Cement pf(7) 108% Int Com Eng (2) 45% Int Harv ($6)... 154% Inter Har pf (7). 126% IntMtch pf(3.20) 62% Int Mer Marine.. 7% Int Mer Mar pf. Int Nickel (2) Int Paper (2) 9 224 [T a8 a1% 165 1R1% 18414 101% 101% 1014 N %% 207% 204% 206% 1% 1R 171 414 40 40% 201, 2303, 308 118% 116 1R 9T 9TU 9T 1% 11 1 169% 159% 180% 109y 107% 1001 8% 78 7AW 4% 44% 4he R OTM PTM son A% Kl 101% 101% 107% R0 RR% B oRT oRM, 2RM ARy, AT ATH 1054 104% 105 a7 87 87 45 45 4R ™ T T 204 291 80U 2T% OTM 27% 1RA% 1RA% 1R4% 77 % T #0% R9U PO% a4 94 % 1K 16 40 40 40 29 20 20 g7 1277 i a a4 4% 0% 0% 10% Fo% F2u B2y 72 6% T 0 70% 70% 1% Mk PI% 1% 15 1% fRY GRW 68U % 1R% 1% 'Y PTY RTM 1RRY, 1R5Y 16U 158 150 158 1134 118 1134 20% 304 30 2 M. M F2% F2M R2% KU KU KU 2054 2004 205% 19% 11% 12% fan, FRn P3N a2y a2% 424 R4 R% AU oRy, O% 934 164% 169% 163 46% 45% 5% 0% 8% 9% 76% 24% 25% 9 B% 9 19% 18% 19% sy A% RN 19 18% 19 R2% 81 K15 119% 119% 119% 7014 694 70% 9% 9% 49 494 [y B4 36% 85% 4% 41% o1 60! 168 61% €3 126 126% 46 83 89 6 127 46% 44% %8 £3 89 89 8% 3 10'% 101 69% 69 8% 18% 18% 87 87 87 24 24 24 227 221 224 19% 18% 19% 66% 65% 55% S 2% 834 1% 1% 1% 110% 109 109% 71 0% 170% 8% 3% 3% 66% 63 664 8% 8% 8k 2% 92% 921 % U% 74N | 140 140 140 1% 1% 50% 50% 5O0% 9% 9T% 9T 82% 81 82 102% 102% 102% 104 10% 10% 484 4T% 33 28 18% 534 100 100 100 2T 2T% 274 176% 175 176% 148% 146% 148% 4% 42% 44 138% 138% 3% 3% 89% 39% 26% 26% 844 84w 1% 11% 4% 4w 170% 168 168% 124 12% 123 124 1% . 68 Int Ry CA pf(5). 64% Int Tel & Tel (6) 118 Jordan Motor... 20 Kan City South.. 43% KanCSopf (4). 66 Kelsey Whi (6).. 89% Kayser J (3). 45% Kelly-Spring. 10 Kelly-Spring 18t 45% Kennecott C (5). 68 Kevstone T & R. % Kraft (11%)... 60% Kresge 83(1.20). 55% 21% Lago Ofl & Tran. Lambert Co (5). 68% Lehigh Val((t5) 102 Leh&Fink stf(3) 387% Life Sav (1.60).. 28 Lig& M B (14).. 9% Lima Loco (4).. €5% Liq Carb (3.60).. 53 Loew's Inc (13). 44% Lof! 6% 42% 170% 8 11T% 17 Long Bell A (4). Loose Wiles. ... Lorrillard (§8).. Lorillard pf (7). Louisiana Ofl. . . LoulsGasA (1.76) - 24% Louis & Nash(7) 184% Ludlum Steel(2) 26 McCrory (11.60). 79 McCroruB(11.60) 82% MclIntyre P (1).. 26 Mack Trucks (6) 99 Mack T 1st (7).. 109% Mackay (7)..... 126% Magma Cop (3).. B Mallison & Co Man El Sup (5).. b4 Man Elm g (D5) 63% Man Shirt (1%). 26% Maracaibo Oil... 20 RerEstHEpHar. k% Marland Ol (4). 6% Martin-Pary(2). 21 Mathieson (4)... 83% May Dept St (8). 139 Maytag Co (2).. 22% MetroG pf(1.89). 24% Mexican Seabd,. 8 Miami Cop (1)... 16% Mid-Continent... 88% Middle States... 1% Mid StatesOflet % Miller Rub (2) 84% Minn & St Lou! 1% MStP&SSMpt b1 Mo Kan & Tex... 36 MoK & T pf (6). Missouri Pacific. Missour{Pac pf. . Mont Pow pt (7). 119 Montgmry W(4). 70% Moon Mot (1%). 11% Mothr Lode(75¢) 4% Motion Plc (1).. 18% Motor Whi (2).. Nash Mot 13%. . Nat Biscu(t63%) Nat Cash R(A)3. Nat Cloak & Suit Nat Dairy (3)... Nat Dpt Stores. . % | Nat Distillers. : Nat Distillers Nat Lead (8).... Nat Lead pf (7). Pw&Lt(80c) . at Supply (16). Nevada C (1%). NY Afr Brake(2) N Y Canners.... NY Canner pf(7) NY Central (7). . NY Chi&StL(11) 193 NYC&StL pt(6). 104 NY Dock 35% NY Dock pf NY & Harl (5).. NY NH & Hart.. NY Ont & West. . NY Rys 2d stpd. NY Rys part cfs. Norf & W (110) . NthAm b10% stk North Am pf(3). North Pac (6). .. Norwalk Tire. Omnibus. . Onyx Hos (3.20). Opnhm, Col (4)... Orpheum Cir(2). Otis Elevator Otis Steel. Outlet Co (14). .. 51% Pacific Gas (8).. 13 Pac Ol Stubs... Packard (12.90), 0 1% % | Paige Motor Pan-Am (8) pan-Am B (6) Pan-AmWnB(2). Panhandle. ..... Park & Tilford.. Pathe Ex (c3). Peerless Mot.... Penick&Ford (1) Pa Dixie Ct(80c) Pa Dix Ct pf (7). Penna RR (3%) | Penn-Seab Steel % . 120% 20 1% 1 Phila& RCEL.. 42% Phila&RC&]I cfs. Phillips-Jon (4). Philip Morris. .. Phillips Pet (3). Phoenix Hoslery % Plerce Oll pf. . trolm. . 3% Pitts Coal....... Pitts & W Va(6) mslv. 1 to Rico Tob. . Perto Rico Tol 5w 1 68 15% 42 113 Postum (6). . Pressed Stl Car.. 42 Producers&R pf. 39 Pub Serv NJ (2). Owens Bot (ct6) 78% 78! 180 180 1% 1% 26% 28 % 17 3 7! 8 85 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office . High. 42% 76 54% 16 6% 11% 161 314 14 138 1 © 138 Yox 52% 60% 5O% % TT% . TTh | weston A (2) 20% 17% 116% 117% 4% 42% 4% % % % 3% 21 00% 42 89 o2 gg‘a 102% 102% 42% Pub SE&G pf(6). 102% 102% 116 - Pullmad Co (8).. 189% 202% EI AR Low. Close. ax a2 % 76 26 27w 28% 29% 6% 174 4% 4% 9% 3% a1 Tn] a3 | 81 46% 84% b4 116 *6U 1% 160 BY EDWARD (. STONE. The directors of the Columbia Na tional Bank caught the prevailing Yuletide spirit at their meeting ye terday afternoon and voted to every employe of the bank a Christmas present of $25, plus a 6 per cent bonus on the salary actually pald each staff member during the year. The usual quarterly dividend of 3 per cent was declared, payable on January 3 to stock of record on De- cember 31. The offices of the bank 116 B5% 11% 148% 121% 564 36% 84 103% 19 45% 42% 5% 961y 61% 111% 35% 82 the undivided profits account to sur- plus the sum of $50,000. This is the third consecutive year that a trans fer of this amount has been made to Frank J. Stryker, the presi- dent, announced today. At a meeting of the board of direc- tors of the Commercial National Bank Pure Ol (12%). . Purity Bak A(3) Purity Bak (B). . Purity Bak pf(7) Radio Corpof A. Radlo Cpf (3%). RS I Cefs (4). Reading (4) . Reading rts. . Reading 1st(2) . 3214 | Reading 2 (2).. 815 | Real Silk Hose. . 7% | Reld Ice Crm (2) 40% | Remington Ty pe 26 | Replogle Steel. . 518 | Rep Ir & Stl (4). 10 |Rep I &S pt (7). 64 | Reynolds Spngs. 56% | Rey Tobac B(5). 1087 | Robt Rels & Co.. 44% | Rossia Ins (8). .. 164% | Royal D (a3.078) 126% | safety Cable (4) 68% | St Joseph L(13). 7% { StL & SanFr (7). 89% | StL&San F pf (6) 87% | St L Southwest. . 67% | Schulte (§8).... 64% | Seaboard Air L. 118% | Seab Alr L pf. 19% | Seagrave(el.2 " | sears-R (n2%). 43% | Seneca Copper. . 86 | ShellT&Ta2.171% 89% | Shell Unlon (+2) % ! Shubert The (5) . 10% | 8immons(12.25) . 46 | 8imms Pet (1).. Sinclair Ofl. ... Sinclair pf (8).. Skelly Of1 (2)... Sloss.Sheft (6). . 21% | Bouth Port S (6). 67% | Bou Calif Ed (2). 104% | Sou Dairles A(4) 7% | Sou Dairfes B... 22% | South Pac (6)... 9714 | Southern Ry (7). 66% | Southern Ry rts. 63% | Spicer Mtg. 44% | Std Gas & El g3. 64 6% |Std G & E1pf(4) 424 42% | Std Mill (5)..... 168 172% | Std Of1 Cal 12%. 30% 30% | Std O NJ(1134) 117% 117% | Std Ol of NJ rts 16% 16% | Std Ofl NJ pf(7). 24% 24% | Std O1l NY ¢1.60) 134 134% | Std Plate Glass. . 26% 25% | Sterling Prod(5) 7 79 | Stewart War (6) Stromberg (6) . &2 Studebaker (5).. 25 28 | Submarine Boat. 105w 1000 | Supertorot. . ... Superior St1(2). 126% 126% | symington. .. 36 3¢ 14% Symington A(2). 54 | Telautogra(6oc). 64 | Tenn Copper (1). 26% | Texas Co (3).... 19% | Texas Corpn (3) 45% | Tex Gulf Sul (4) 66% | Tex & Pacific.... 21 |[Tex&PacC&O. 156% 15% 15 15 81% 84 |Texas Ld Tr(8).1900 1926 1850 18560 188% 188% | The Fair (2.40).. 27% 27% 27% 27% 22% 22% | Third Avenue... 3 38% 24% | Thompson(3.60) . 47 7% | Tide W Oil pf(5) 90 16% | Timken (45).... 79% 84% | Tobac Prod (7).. 108% 1% | Tob Prod A (7).. 116 1% | Transcont Oil... . 3% 86 | Twin City (5)... 59% 44 1% | Un Bag & Paper. 81 | Union Carb (6).. 95 Smlunon@...... 63% Un Pacific (10).. 163 o | Un Pacifie pt(4). 80% 119 | Utd Clgar 8 (c2). 94% 19| Uta Drug ®) ... 166 % | United Fruit (4). 120 12k y'§ C1P&F(10). aeluscipet (. U 8 Distributing U S Hoff (13%). S Alcohol (5). Ind Al (7). Realty (4).. Rubber..... Rub 18t (3) . Smelt (3%). S 8mpf (3%). USSteel (T).... U S Steel pt (7). Uni Pic 1st pf(8) 7% | Universal Pipe. . Univ Pipe pf (7). Vanadium (4). Vick Chemical Va-Caro Chem. . Va-Car Ch 6% pf Va-Car Ch pf(7). Vivadou (3).. Vivaudou rts. . . 27% 474 4314 102 59 60 21% 6% 102 3700 22% 97% 65% 53 4% 8 8 8 8 8 U u i U U U 39% 46% 10% 37 87% 5% % 42% 6% %6 | Ward Baking B.. 17y | Ward Bak pf (7). 161% ‘Warner Bros. ... 7% | Warren Bros(t5) 50% | Weber (4)...... W Penn E1A (7). 4% | West P Popf(7). West Maryland. 16% | west Ma 2d pf 36 | west Pacific. .. 59% | west Pac pf - Vest Union . 183% | Weatnse AlrB 18 8% | yyestinghse (4) - Weston Elec. .- - 13 23 30% 81 147 144% % 69 16% 31 26% 45 31% 183 8% 180 | Wheel & L Erie. 1% | Wheel & L E pf. 36% | White Eagle (2) 12 | White Mot (4).. 86% | WhiteRock 12.70 65% | White SM pf(4). 873% | Wickwire ctfs. .. 16 | willys-Overland 2214 | wiison & Co. . .-« 43 | wilson & Co(A). 28% | Wiison&Co pf(7) 23 | Woolworth (16). ¥ 40% | worthn Pump. .« 99 [ wright Aero (1). 56% | Yale & Tne (15). % | yel ow Tr (75¢). 86% 12 66% 3 86% 16% 22% 43 %% 128% 128% 128% | Yol Tr&C pf (1) 20" | Youngstown (4)- Sales on N;n" 2n 1:75%.% 2 p.m.2,175,900 1pm. —puid thle year—ong 35 o ‘common o Phs Die when earned. A ablo in cash or stock. lus 2% % in s n stock. s 189 Share (n epacial atock. tock. 20 0% 11a.m. 47 87 B55% 4% 28 % 1% 3% 42% 41 37 56% 444 23% ular rate. le 2% %. payabl . extra or special Partly extra. 3Payabl oty oxtea. _sPavanle it AL T ahis ‘daarieris. Uy s o’ auasterlve were also Instructed to transfer from | | YULETIDE DIVIDENDS DECLARED | BY 6 MORE BANKS IN D. C. AREA| Bonuses for Employes Accompany Christ- mas Disbursements of Several of the Institutions in and About Capital. held late yvesterday the regular quar- terly dividend of 114 per cent was de clared and the directors then voted an extra disbursement of one-half per cent. Both of these dividends are payable January 1 on stock of record on’ December 22 Following the policy adopted last vear, they directed a Christmas bonus to the bank's employes of 5§ per cent of their yearly salaries. Savings Bank Votes “Extra { The directors of the ortheast Savings Bank at their last regulat meeting voted to transfer $10,000 of “he undivided profits to surplus. 1In ‘flddl[iull to the regular 4 per cent semi-annual dividend, they voted an extra 1 per cent dividend to stock- holders as of December 15, payable January 1. Received by Private Wire (*) This table carries quotations received up to 3:15 p.m. A com- plete table will be published in the 5:30 Edition. UNITED STATES. (Sales lqu in :‘L.OOO \l Sales. th. Low. 3:10. Lib3%s. 12 100 30 100 27 100 30 L1-24%s.. 110210 10210 10210 Lib1st4%s. 46 10230 102 25 102 30 E: 2d4%s. 230 101 10031 101 Tib qoiss- 241 10114 101 13 101 14 T Bnaks 157 10311 1088 10310 gains 110228 102 28 10223 TSive. 4108 1068 106 S4%852. 16 10431 109 27 10931 FOREIGN. Sales. High. Low. 3:10. 89% 89% 8% 97% 8% 97% 98l 98t 9% 100% 101% Argentine 5s Argentine 6s Ju 59. 11 Argentine 6sOct59. 10 Argentine6sA.... 14 Australian 5s. Argentine s Austria 7s..... Bank of Japan 6s. . Bank of Chile 6%s Belgium 6s. Belgium 6%s. Belgium 7s. Belglum 7s ct.. Belgium 7%s. This ~ institution has experienced one of the most prosperous vears in its history and the directors re- warded the officers and employes of the institution by granting them a generous bonus, according to an- nouncement made by Vice President George F. Hoover. Other Bank Dividends. At the annual meeting of the | stockholders of the Potomac Savings Bank all of the directors were re- elected. The bank has also declared the regular semi-annual dividend of 5 per cent. At a meeting of the directors of the Mount Vernon Savings Bank the board declared the regular quarterly dividend of 11 per cent, and also voted an extra payment of 1 per cent. The board also voted a Christmas bonus to each employe of the bank of & per cent of the salary paid dur- ing the year. The bank's Christmas savings club for 1927 has already reached 500 more members than it had registered during the correspond- ing period last year. . The directors of the Southern Mary- land Trust Co. of Seat Pleasant, Md., have declared the regular semi-an- nual dividend of 4% per cent and an extra dividend of 1 per cent, which, with a 415 per cent dividend last July, make a total distribution to stockhold- ers for the year 1926 of 10 per cent dividend, according to an announce- ment made by Samuel J. Henry, presi- dent of the bank, today. ‘Washington Stocks Steady. Fourteen shares of Farmers and Mechanics National Bank stock were s0ld on the local Stock Exchange today at 285. Lanston came out at 93% and closed at 94, while 10 shares of Mer- genthaler Linotype changed hands at 107. This is the stock that jumped to 108% Wednesday on the local board, when it sold in Boston at 110. After call today Potomac Electric preferred opened at 107% and closed at 1073, sales totaling only 12 shares. Georgetown Gas 58 were active, $5,000 i selling at 981 and a $500 bond at 98%. Potomac Electric Consolidated 68 changed hands at 100%. Union Trust, Washington Mechanics, Capi- tal Tractlon and Mergenthaler were ex-dividend today. Local Boardrooms Crowded. Local boardrooms were crowded to the doors when the New York stock market opened today, trades being anxlous to learn the reaction to the $200,000,000 United States Steel stock % | dividend. The market opened feverish- ly, Steel being about the only stock coming over the tape for several min- utes. Steel common is widely held lo- cally and many Washingtonians will get In on the dividend after it has been approved in April by the stock- holders. Loan Plan Held Successful. J. T. Exnicios, president of the Departmental Bank, reports that the loan and savinge plan adopted about three months ago has proven very successful, So far 460 péople have taken advantage of the plan, having borrow=d $68,000 and at the same time having §34,009 to their paid-up credit. Government workers are urged to use the plan when in need of money and they are also advised not to be satisfied with a “straight salary.” They are urged to make all their extra money work #nd to adopt a plan of saving 1 certain definite amount every month, Country Club Bonds Sold. The entire issue of $400,000 6 pe: cent Congressional Country Club bonds, maturing in 1928, now has been distributed. On January 1 of the cur- rent year $155,000 of the issue re- mained in the club treasury.. The sale of these bonds is new announced by E. F. Colladay, he being chairman of the special bond committee. Loan Society Reports Profits. The Beneficlal Loan Society’s indus- trial loan department reports profits from operations, after deduction of ex- 'nses, for the month of November as 139,271. This compares with $123,769 for the same month in 1925. The operating net profits in November were much in excess of the bond in- terest on the soclety’'s $8,000,000 | debentures. I Bank Club Elects Officers. Philip M. Garnett, manager of the savings department of Riggs National Bank, has been elected president of the Riggs Club, George M. Irelan and Miss Viola Allendorffer were chosen as vice presidents; James L. Finegan, treasurer, and Miss Esther Lau, secretary. The board of governors named for the ensuing year consists % of Willlam H. Taylor, Daniel Callahan, John S. Ramsburgh, D. E. Wisecarver and B. G. Womersley, all of the main office; William L. Hoeke, Dupont branch; B. 1. Boudren, Seventh and I streets northwest; L. O. De Lashmutt, Park road, and Benjamin Mensh, northwest branch. DRY GOODS UNCHANGED. NEW YORK, December 17 (Spe- clal).—Cotton goods markets were quiet today at unchanged price levels. Print cloths were quoted at 6%c for 64x60s and at 7%c for 68a72s. Raw silks were quiet and unchanged. { Brier H St 15t 5%s. 10 Belgium 8. Bolivia 8s. Rordeaux 6s Brazil 614s. Brazil Ts Brazil 8s Canada 6s 1931, Canada 5%s 1929. Chile 75 1943 Chile 85 1941 Chile 85 1946 Chinese Gov Ry 5 Con Pow Japan 7s Cuba5%s........ Czecho71s rcts. Czecho 85 1951. .. Danish Munic 8s A. Danish Munic 8s B. Denmark 6s. DEI5%s Mc Dutch East 1 6s47. | Dutch East I 6s 62. Fl Salvador 8s 48. . Finland s £ 65 45 Finland 7s. .. Framerican 7%s. French 7s.. .. French 7%¢ French 8s. German El1 P6%s 9 e BN —D = S0 PRI -Fe< PO o = Ger Am Bank 7s. Ger Gen Elec 7s. Greek s Haiti 6s. . Hungary 7%s..... Italy 7s... . 4 Japanese 4. Japanese 6% Jergens U M 63 Lyonés. ... Marseille 6s Mexico 4s 10 asntd. Mexico 55 asntd Montevideo 7s. . Netherlands 6s 54 Netherlands 6s 72. . Nord 6%s. . . Norway 5%s. Norway 6s 1943 Norway 65 1944 Orient Dev deb 6s Parls.Ly-Med 6s. Paris-Ly-Med 7s. Paris Orleans 7s. Peru 7%s.. Poland 6s 40 Poland 8s. Prague 7%s Queensland 6s. . Rhinelbe Un 7s. Rio de Jan 8s 1946. Rio de Jan 8s 47... Sao Paulo City 8: Sao Paulo 8s 1936 Sao Paulo 1950 Saxon (PW) Tt Seine 78 42. .. Serbs Crot Slo 88 Sofssons 68. ... Sweden 538 ct. Swiss Confed 8s. .. Toho Elec Pow 78.. Toklo bs. . . Utd Kingm 5%s 29. Utd Kingm 5%837. Uruguay 8s....... Yokohama 6swi... 93% MISCELLANEOUS. Ajax Rubber 8s.... 17 106 106% Am Agri Chem 7%s 13 104% 104 Am Repubdeb6s.. 2 99 99 AmSmIt&R1st5s & 100% Am Sugarref 6s... 16 Am Water Wks6s. 8 AmT&Tcltr4s.. 14 Am T & Tecl tr5s. AmT&Tsfbs.... Am T & T deb 5%s. Am Writing Pap 6s. Anaconda 1st 8s Armour Del 5%s. Associated Of1 6s. . Atlantic Refin 6s. Barnsdall 6s ctfs. . Bell Tel Pa 5s B Bell Tel Pa 5s C. Beth Steel pm 5s. Beth Steel rf 5s. . Beth Steel 5%s 53. Beth Steel 6s. . . 53 Bkiyn Ed gen§s... 1 Bush T Bldg 5560. & Chile Copper 6s 32. 192 Commonwlth P 6s. 10 Con Coal Md 1st 6s. 2 Con Gas N Y 65%s.. 1 Consumers Pow bs. 15 Cuba Canecv8s... 6 Cuba Canecv?s... 7 Cuban Am Sug 8s.. 5 Denver Gas bs. . 25 Det Edisonref 6s.. 1 Dodge w 168. . 39 Donner Steel 7s.... 2 Fst Cuba Sug 7%s. Empire G & F 7%s. Goodrich 8%S..... Goodyear 8s 1931.. Goodyear 85 1941. . Hershey 5%s Humble O & R 5%s Tlinois Bell 1st 53. 28 ndlana Steel 5s... & Int Mer Marine 6s. 500 1Int Paper 58 47 11 Int Paper 6s. 12 21 11 1 16 4 13 Kelly-Spring 8s. Lackawa S 55 50... Laclede G 5%s52.. Liggett & Myers Ts Loril'ard (P) 8. .. Loulsv G & E 53 62. - 1926 EARNINGS HIGH. W YORK, December 17 (#).— Corporation earnings for 1926 are go- ing to make a remarkably good show- ing, says Moody's Weekly Review of financial conditions. In many in- dustries there has been a notable increase in operating efficlency and in lflhe ability to preserve margins of profit. NEW YORK MARKETS. NEW YORK, December 17 (#).— RBobhaanans Manat! Sug st 7% Mid-Con 6%s 40 Midvale Steel 55. ... Montana Pow 5s. .. Mor's & Co 18t 4% New Eng Tel5s.... N Y Edison bs 44. N ¢ Edison 6%s. ... NYGELH&P 4s. o (o North Am Ed 6 North Am Ed 6%s. Nor States Pow 58. Nor States Pow 6. Pac Gas E16 Rye easy: No. 2 Western, 1.06% f. o. b. New York and 1.03% c. i. f. export. Tallow easy; special loose, 7; extra, 71. Wheat futures opened steady: domestic May, 1.42%. Other articles unchanged. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) -—Noon.- Ofter’ jesdd 100 7-3: 101 9-32 Dec. 15,1 2 SILVER QUOTATIONS. NEW YORK, Detember 17 (M. — Bax silver, 53%.; dollars, 50%. oo vom BONDS o mcunver] 99% | Chi T H Inc 6s 60. PacT&TH6s52.... Pan-Amer Pete 6s. Peoples Gas 58 Phila Corf6s A Public Service 8s. . P Serv Gas 5%s 59. P Serv Gas 5%s 64 Remingtn Arms 6s Sinclair O11 6 Sinclair Ol 8% Sinclair 011 7 8in Crude Of1 Sin-Pipe Line Southwest Bell Sug East Orient 7s. Tenn Elec Pow 6s. . Toledo Edh 1st 7s. . United Drg @s. ... U S Rub rebs. .. B ceranudne NOORR=EAR ARG 8GR 9% 99% 1055 105% 108 "107% 10 107% 107 . 107% 9% 9% 9% FINANCIAL. Direct to The Star Ofica. Sales. High. Low. U S Steel sf 5s. 60 1074 106% UtahPow& Lt 6s.. 3 984 98% Vertientes Sug 7s.. 28 99% 99% Warner Sug 7839.. 54 86% 834 Warner Sug 7s 41.. 20 96 95% - 16 103 102% 108 101% - 76 101% 101 Willys-Ov 6= 33 6 101 ‘Wilson & Co 1st % 1ot lote . 16 101% 101% 101% Winchester A 7155, 2 104% 104% 104% | Youngstn S&T 6s.. 9 104 103% 104 RAILROAD. Ann Arbor 4s. Atchison gen 4s. Atlantic C Ll 4 AtlanticC L 1st 4s. tlan C L 4%s 64. 8% 98 AtlanticCL 7s i 100 1060 1::: At! & Dan 18t 48 1 80 80 80 Atl&Dan2d4s48. 1 78 73 78 4 93% 98% 93% 45 97w 97 9T% 26 1004 100% 100% 41 100% 100% 100% 7 105% 105 105% 26 102% 102% 102% 10 108 107% 10% SwDiv 5s cf: z?r’o8 oz 10 2 & O Toledo 4i 15 "85 82 ’"5572 Bklyn Manhat 6s...221 99% 99 99% Buff R&Pitt 4%s.. 8 94% 94% 94 F-nNn.tl‘/isln. 6 99 98y 99 Canad North 6%s.. 5 117% 117% 117% Canad North 7 PRTER Cent of Ga 534s. 7 106% 105% 105% Central Pacificds.. 5 91% 91% 91% Cent Pac 1st 51 90.. 1 101% 101% 101% Ches&Ocv4%%s... 39 99% 99 99 Ches&Ogn4als... 7 97% 96% 97 Chi& Alton3%s... 25 61% 61% 61% ChiB&Q1strfbs. 17 106% 106% 106% Chi&ETgnbs.... 46 81% 80% 8l1% Chi Great West 4s. 122 69% 69% CM&StPgn89... 5 6% 86 CM&StPcvik%s. 5 G5A% 56% CM&SPcv4 4 sizets 10 56% CM&StPgn4%s. 2 95% CM&SPrf d%sctl4 7 b7% CM&StPcvss... 3 55% CM&SPcviscfs14 5 85% CM&St P 6a. 3 104% 104% 104% 0 90k 90 % 90 8% 73 3% 87% 87% 92% 2% M% b 87% 874 87% 9T% 97% 97% 1 86% RGY% RE% CEWI5%862.... 87 104% 104% 104% CCC&StL4%s... 4 99 98% 98% 22 103% 103% 103% 9% 92% 0% 844% 9% 2% 90% MY LR L LR ChiRI&Prf ChiITH&SE Colo & Sou 4% Cuba N R 65 6 9 Del & Hud cv 55 35. 58 118! Den & Rio Gen 4s.. 10 Flt lrl’: ‘1:“ DRio G Westbs...193 76 754 7r5s Frie 1st cons ¢s. 8 R1% Ri% B1% Frle gen 4s. B8 74% 78% 4% Frieconv4sD.....187 5% Re% #p Firie & Jorsey 1117% 111% 111% Frie (Pa)cittr4s. 51 OR% ORY 98V FlaEC6Hs74. 21 se% o9y gay Grand Trunk 7; 6 115% 115 118% GtNor 4%s76 D. 4 03y ogy, gy Gireat'North 5s. 7 107% 102% 109% INTEREST CENTERS ON FOREIGN BONDS Dealings Light in Domestic List Due to Heavy Trad- ing in Stocks. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 17.—Fo eign bonds were again the leaders in today's trading. Domestic issues su fered from the concentration of inte: est on the stock market and dealing- in this part of the list fell off, but the forelgn obligations were active anc strong. Buying in the French group was the most aggressive and new high re« ords were estabiished in nearly all the leaders. French 7s, between 99 and par, were higher than ever before French 7is at 104 were at a new 1926 top and within a fraction of the 1922 record. French s at 108 were at a new high for this year and just a point under the record made in 1924 Department of the Seine 7s at 98 were at a new high for this year and equal tained their po sition, and the old 7s, at 1013 at a new high for all time. government 7s advanced fractionally after the recent reaction, but most of the day were still below the best of the year. There was another big turn. over in the Italian 7s, but the gain was relatively small. In the South American group Bolivia 8s and Antic quia 7s were in demand for a time. United States Government bonds were all firm, with the Treasury is sues selling at approximately thei best _previous pr and the fourt 4% Liberties making a new high fo the year, while the second 4'( Lil erties were duplicating their 192¢ high. Little interest was shown in the high-grade rails. In the second-grade group Erie prior lien 4s, Wheeling and Lake Erle 4148 and Norfolk Southern 58, especially the latter, pushed ahead somewhat. There was also a renewal of the buying in Chicago, Terre Haute and Southeastern 5%s and income bonds. Domestic industrials were ir regular. International Mercantile Ma rine 6s were in supply and dropped below 96 for the first time in some time. There was also a reaction in ‘Warner Sugar refunding 7s, but not extensive considering the recovery. Among the ofls Empire Fuel and Gas §14s touched par. New Bond Issues NEW YORK, December 17 (Spe- cial).—Willilam R. Compton Co. and Great North 5%s.. 1 107% 107% 1071 GrNoreen7s..... 13 112% 118% 118% GreenB&WabB.. 2 204 9291 922w Hnd & Manref5s.. o4 9814 ORYy ORw Hud & Man a{ i 38 fAm T4 PA% TN Cen 4% 5 66 282 9R% DA% ORI Tl Central Fls. 2 102% 102% 102% M-C-C SIL&NO 5s. 23 103% 103% 107y Tnt Rap Tran5s...129 79% 79% 79% Int Rap Tr5s stpd. 241 79% 79 79% Tnt Rap Tran 8s. 10 RRY% R2% PRy IntRanTran7s... 63 99 ORy 98% Tnt & G Nor 1st 6s. 3 10R% 106% 1084 Tnt & G Norad 6s..137 R5% R4% R5W E. H. Rollins & Sons have pur- chased a new issue of $6,500,000 first mortgage bonds of the New York Trap Rock Corporation, which re- cently acquired the Tomkins Cove Stone Co., and will make public of- fering in the near future. ‘With the issuance of $4,000,000 in Central West Public Service 5%z per cent bonds, due November 1, 1956, the new financing will be completed. Offering of this issue is to be made shortly by a syndicate comprised of TntRysCAGs72.. % 74 w Int Ren C Am 65 41 un“ Z? Towa Cent rf 4s. 16% 16% Kansas City S bs. 09% 0914 Kan Clitv Term 4s PRY PR Tiake Shore 4s 31 o7y ey Lehirh Val en 4, R/U RAY AV T &N 4%m 2003 2 100% 100% 10014 Louls& N5sB.... 3 10°% 106% 108% Louls & Nash 5%s. 2 108 108 108 ManRvistan..... 23 €8 F7% A7M Man Ry 24 452013, 1 62% 62% 62% Markat St 7a4n. ... 12 o6% 9R% MASHT, 1etrf ds. . 18 18 M St P& SSM 5l4s. 20% VRt P& SSM 6%s. "2 102 8% 26 ©6l; 0A% - 11 101% 1013 11 LIR2 A% TBM "6 - 28 09y 09K cAu 13 108% 10RY% 100w 1 106% 106% 1065 3 €% /N 60% 10 80% 8ow 98054 905, 9nac 13 9% ORK ORL NYCrfim4%s13. 2 984 98% ORy NYCentrifs..... 83 105% 105% 105w NYChI&StL5%sA. 4 104% 104% 104% NYC&StLEsA.. R 102% 1024 102 New Havdeb4s56. 5 78 77% 78 New Havdeb4s57. 2 69% 694 69v New Haven c d 6: 5 105 104% 1047 N Hav&H clt . 2 103% 108% 108Y NYOntWistds.. I8 77% 77 NY O&W cen 4s55. 12 N Y Rys 6s685. NV Rve s A 65 N Y State Ry 4%s.. 12 NYW&RBosdl%s. S Nor & S ven 6s 54.. 20 Norfolk & Wends. 5 Northern Pac 3s... 2 Northern Pac4s... 5 Nor Pac 4145 2047 Northern Pac r 1 6s. OreShort Lrfsd4s. & R 681 9Rw Ore-Wash 1st 4s... 10 874 874 $7u Pennsyl gen 434s.. 32 9% 00y 9oy Pennsy! zen 5s.... 10 107% 107% 107% Pennsvl 58 64. 18 102% 102% 1094 Pennsyl 8%s < TN 12 112 Pennsyl zold 7s. 8 108% 108% 106% Peoria& Eincds.. 4 41 41 41 ‘Pere Mara 1st 5s 4 103% 103% 10%% PCC&StLEsB75. 65 1074 107% 107% Port RL&PHs42. 2 91 91 01 Por RL&EP T%s 46. 2 106% 106% 106% Reading gen 4%s. . % 0T 0% Reading J € 4851.. 3 92 Rio G West cl 48 83% RIArk& L 4%s 4% St L IM&S 4529... 9TH St L IM&S R&G 4s. 93% StL&SFpl4sA.. 89 StL&SFprinbs. 10 99% StL&SFadfés 33 Ry StL&SF inc6s...136 0654 PA% StP & KCShL 4%s 12 93% 92% ©3% StP UnDepbs.... 3 105% 105% 105% 8%% 88% 88% 3% 73% 3% 83 824 £2% o7 96% 07 96% 964 ©6% 98 98% 98y Sou Pacific cit 88% 884 88y Sou Pacific ref 4s. . 93% 93% 93% Southern Ry gen 4s 76 86% R6% 864 Sou Ry Con s 94... 2 107 107 107 Sou Ry 6s 56. . 6 113% 113 113 Southern Ry 6% ... 22 119% 119% 119% Texas & Pacific 1st 4 106 108 106 Third Averef4s... 3 664 651 654 Third Aveadj 5s...107 62% 614 62% Tol St L & Wis Tol Tr L&P 5%s 30 23d St Ry 58 62 ‘Union Pac 1st 4 1 1 2 a 3 5 M & & T adj bs. MK &Torinss Mo Pacific een 4s Wo Pac 55 1965, Mo Pac 6s 49 D. Mo Pac6s55E. ... Nassan B Rv 48 57. NOTex&M5sB N Y Cen zen3%s.. NYCent4s98..... 1 N Y Cent deb 4s. 113 4 1 2 2 7% 34 4% 9% 9w 7 1 Seab AllFlaés.... Sou Pac 4s 29 L2 9% 94% 4% Union Pac 1st rf 4s 62 913 91 ot Unfon Pac 4s27.... 6 99% 99% 9oy Union Pac 1st rf 55. 15 10S% 105% 108% Union Pacificev 6s. 8 102% 102 102 Virgina Ry 1st 5s. 11 1034 10%% 108 Wi ‘Western Pacific 5s. ‘West Shore 1st 4 Whel & LE rf 4%s ‘Wisconsin Cent 4 A. B. Leach & Co., Halsey, Stuart & Co. and Porter, Fox, Inc. A banking group made up of Glid- den, Morris & Co., Edmund Seymour & Co., Inc., and Throckmorton & Co. will offer next week a new issue of $1,200,000 Northwest Louisiana Gas Co. first mortgage bonds. The pur- pose of the financing is in part to provide for the retirement of the $650,000 first mortgage bonds of its predecessor company and to supply funds for drilling new wells and acquiring additional gas acreage. A new issue of $660,000 first mort- gage 5.50 per cent sinking fund gold bonds of the Brooklyn Postal Service Station has been privately sold by P. W. Chapman & Co. The bonds ma- ture December 1, 1936, and were priced at par. The building will be located at 233247 Washington street, Brook- Iyn, and will be leased by the Govern- ment for parcel post and service sta- tion purposes for a period extending beyond the maturity of this issue at an annual rental of $66,000. Washington Stock Exchange SALES. Farmers & Mechanics’ National Bank—14 Lanston Monotype—10 at 03%. 10 at 04 Mergenthaler Linotype—10 at 107. AFTER CALL Gas 5s—S4.001 8%, oo a pbs, 0 M 98% ic cons. 5s—$1.000 at pfd—1 at 107%. 1 at Georgetown $1.000 at 98 Potomac 0% Botomac_Ele 107 % 10 at 107 % Money—Call loans. 5 and 6 ver cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. an Tel. & Telga. 4s.. Americhe, & Telga. 458 Am. Tel. & Tel. cil. tr. Anacostia & Pot. S P b C. & P. Tel. of Va. b etown Potomac Elec, 1nt thue Farms ProC Paper Co. Mix. 6 Pot. Jaint, Stock Lo ] & . & Eiec." o Wash. Rwy. & Elec. pf NATIONAL BANK. National Capital Eolimbia Commercial Blstrict FaderarAmenican Eierey *National Lincoln . ” ha a “Nafonal i’lflflnl‘ Bank of W: TRUST COMPANY. curity & Trust.. 870 American Secur a7 s, Mechanics 50 nited S Washington S FIRE INSURANCE. American . PRICES ON PARIS BOURSE. PARIS, December 17 (#).—Prices were active on the Bourse today. Three per cent rentes 49 francs 95 centimes; exchange on London, 121 francs 20 centimes; § per cent loan, 56 framcs 10 centimes. The dollar was quoted at 24 francs 973 cen- al Title 1n MISCELLANEOUS. . Paper pfd.. g Fal-Americai