Evening Star Newspaper, December 30, 1926, Page 10

FINANCIAL. " NEW YORK STOCK EXCHANGE AL ARE LEADERS INSTOCK MARKET Yesterday’s Recovery Not Followed in Today’s Trading in Rest of the List. BY STUART P. WEST. £recial Dispatch to The € . NEW YORK, December 30.—With (1> exception of some of the rails \ hich went higher in the early trad iz yesterday, recovery was not fol ed up in today's dealings. More ever the market gave the im . essfon of the marrow professional inditions into which it sank after o culmination of the up rd move- :nt, which began in the second week October and kept on until the 1#ddle of December. Something was made t this was the la cept for cash, tax 1 sistered. Some of the selling which occurred was attributed to this cause. But, as + matter of fact, the Wall Street year was ending in a state of inertia. It s reflecting uncertainty over the lusiness future, but more largely it was raising the question whether the 1vise In prices during the last two nths of 1926 had nmot done a good leal of discounting, even if the con nuance of a big business velume were conceded The only importan 3 those occurring in sw moving in ‘ustrials of the specialty type. ttion Co. was one of these, i 1se the cessation clling v credit for Union Carl quence o of the fact day when, sses could be changes were nd in its of tax | the up. orabie earnings weply. Othe; ic, Postum Cereal anc tubber were, for a tim Univer onsolidated were some chat higher v section “tchison wi leader, and the ock w constantly supported, while other parts of the list w e wavering entral was freely offered »t lower prices. Southern Railway. hich had been such a feature yester ¢, stood out again strongly. Buyers Southern Railway i that th not acting upon any chance of lividend increase, which is regarded 's remote, but are simply influenced Ly the attractiveness of the y the return on investment stock igar and | Transit was ublic utility s Corporation share: , but they were a sure speculation based on conjectures s to how much of the new bus fran- chises this company s likely to get. Foun- { Am Po & Lt (1 Received by Private Wire Direct to The Star Office Abitibi Pow (4). Abrahm&Straus Adv Rumley. ... Adv Rumiey pf. Ahumada(t60c). Air Reductn(t6) Aiax Rubber. .., Ala & Vicks(g) . | All Am Cable(7) Allis Chalm (6), Allis Chal pt (7) Amal Leather. ., Amerada (2). .. Am Agricul Chm Am Aeri Chpe. . | Am Bank N (t3), Am Bk Not pf(3) Am Beet Sugar. . Am Beet Sug pf. Am Bosch. ., Am Brake Sh( | Am Br Bov EI(2) { Am Br Bo pt (7) Am Can (2) Am Car&Fdy (5) Am Chain A (2), Am Chicle (3). .. Am Chic'e ofs(3) A Ch p pf cfs(7). Am Drug Am Express (6). Am & For Pow. . Am&Fo Po pf (7) Am Hide & Lea. . Am Hide & L pf. Am Ho P(2.40). . Am Ice (+10). Am La Fr (1). Am Linseed.". .. Am Locomot (8) Am Loco pf (7).. Am Mach & Fdy Am Metals (4) . Am Piano pf (7). 1 Am Radlator(5). Am Republic. . Am Safty R (£3) e and Carbon, in { Am Ship & Com. Am Smelting (8) AmS&R e (7). Am Su Fdys (3) ). (&) Am Sumatra. ... Am Tel & Ca(5). Am Tel & Tel(9) Am Tobacco (8). Am Tobacco B (8 Am Tobac pf (6) Am Typ Fdrs(8) Am Type pf (7). Am Wa Wo c1.20 Am Woolen .. Am Wool pf (7). Am Writ Pa pf. Am Zine.... Am Zinc pf. Anaconda (3)... Armour of 111(A) Armour of 111(B) Arnold Con&Co. . Asso Dry G(2%) Asso D G 1st(6) . Atchison (7).... Atchison pf (5). At] Birm & At. .. Atlaut C L (110) Atl Coast Lirts.. Atl Gulf & WI.. NEW YORK, December 30 (#) Christmas eve sales of the F. W. Woolworth Co. chain of stores reach- ed a record total of §3,617 ing the same day last 444, In the five business days Christmas week sales amounted to $14,126,194, a gain of $2,124,7 the same period of 1925. record also is expected for December sales, estimated at $42,000,000, and more than a quarter of a billion dol lars for 1926, the first time this figure has been reached. ‘The Chicago, Rock Island and Pa- cific had a profitable November, gross revenues rising to $11,974,475 from $11,063,757 in®November last year, and net operating income to $2,156,600 from $1,797,387. Net for the 11 months this year was $20,310,801, against $15,780,052. Earnings for 1926 are estimated at between $10 and $11 a share on the common stock. John A. Coe, president of the Ameri- can Brass Co., has been elected a di- rector of the Anaconda Copper Mining Co. to fill a vacancy caused by the death of Charles F. Brooker Surplus of the Atlantic Gulf and ‘West Indies Steamship Lines for the first 10 months of 1926 was $533,449, agal'l:lst $1,952,879 in the same period of 1925. November net operating income of the Chicago, Burlington and Quincy was $2,832,603, against $2,469,523 : vear ago, and for the 11 months this vear, $28,076.667 against $25,793,939. November gross revenues of §14,709,- 659 were nearly $1,000,000 larger. Robert McKelvy, vice president of Tidewater Oil Co., vesterday denied published reports that the company would acquire the outstanding mi- nority stock interest in the Tidal Osage Oil Co., in which it now has stock con- | trol representing about 62 per cent. PSS I T CHICAGO LIVE STOCK MARKET CHICAGO, December 30 (United States Department of Agriculture).— Hogs—Receipts, 47,000 all interests buving; mostly lower than yesterday's average; bulk better grade hogs, 150 to 300 pounds, 11.50a11.60; early top, 11.60; strictly choice kinds held higher; few loads medium good hogs, 150 to 200 pounds, 11.40a11.45; bulk packing so 10.65: most slaughter pig 11.50; heay i medium, 11. light ligi ligh packing sows, 15210, pigs, 11.00a11.50, 9,000 fed steers, 8. .00; she stock strong to higher; heifers getting upturn; bul higher; most medium bulls, 6.85a7.2 everything in steer run beef co demand stockers and equal to supply, how- i cholce shipper enerally market Sheep — Receipt. )00 head; lambs opening to around fat Auto Sales pf(3) Atlantic Refing. . Auto Knitter. Baldwin L (7). Bald Loco pf {7) Balto & O (1612) Balto & Oh pf(4) Bang & Ar (3).. Barnet Leather. . Barnsdall A (2). Barnsdall B (2). Bayuk Cigar..... Beech-Nut (13). Belding Bros(3). Bethlehem Steei. Bloomingdale. .. Blumenthal pf Bon Ami Co. Booth Fisherie Botany A (4)... Briggs Mfg (3).. British Empire. . Bkin-Edison (8). Blkn-Mn Tr (4). Bkin Un G($11). Brown Shoe (2). Brunswick Balk. Allied Chem (6). Open. High. 87 . %9 9 9% 3% 31% 5% 5% 140 140 9% 9% 117% 117% - 148 143 137% 1o8% 893 B8Y% - 110% 110% 16% Ve 81% 13% 46% 41% 56% 24 58ty 16% 494 49% 101% 101% 254 25% 36% 36% 36% 35% 88 204 21% 884 88 8% % 51 61 29% 80% 126% 126% 10 10% 304 30's 109% 109% 119% 119% 3% % 427 42% 104 104% ©0% 61k 113 113% 40% 40% 56 066 5% b% 145% 145% 120% 120% 44% 4dde 80% 81% 107 107 42y 42% 27% 2T% 148% 149% 123 128 121% 121% 110% 110% 126 125 106 106 63% 101 168% 170% 101% 102 % % 204% 204% 1% 1% 40% 41 39% 389% 116 116 % % 163 163 116% 116% 107% 108 8% T3% 45 45 4 4 21% 27% 26% 25% 52 63% 58% 58% 26% 2T% 47 47 39% 42 40 40 54% 54% % Th 28l 28% 28% 28% 1 1 156% 156% 69% T1% 69% 69% 91% 91% Yl% 91k 33 88 36% 37% Low. 87 9 31% 13 140 9% 117% 143 136 89 110% 16% 31% 13% 46 41% 56% 23 58% 16% 188 3% 960 48% 101 264 36% 86 88 9% 130 20% 884 8% 51 20% 125 9% 30 108% 119% 8% 427 104% 56 54 141% 120% a4% 80% 107 42 27% 148% 122% 120% 110% 125 106 22% 41% 101 167 101% % 2081 17% 40% 853 118% 13 160 116% 107% 3% 45 41 27% 26% 52 68% 26% 46% 39% 40 54 g 28% 28% ; 3 166% 33 36% Burns Bro (10).. 125% 126% 125 Burns Br B (2).. Burroughs (14). Bush Terminal. . Bush Ter de (7). Bush Trm p£(7; . Butte Cop (5V¢) - Butterick (m2). Byer &Co. ... By-Produets (2). Calif Packg(4).. Calif Petrol(2).. Callahan Zine. . . Calumet & Ar(6) Calumet&H (1%) Can Dry (e2%). Can Pacific (10). Case Threshing. Central Alloy(2) Cent Leather. ... Cent Leather pf. Cent Leathr ctfs Cent Lea pf ctfs. Century Rib M Cerro dePas(15) . Certain-Teed (4) . Chand-Cleve. ... Chandler pf(2%) { Ches & Ohlo (112 Chi & Alton pf.. Chi & East Lil. .. Chi Great West.. Chi Gr West pf.. Chi Mil&StP Chi Mil&StP pf. C M&StP cfs.... C M&StP pf cfs. Chi & Nwn (4).. Chi Pneu T (5).. ChiR1& Pac... CRI&P (6).... Chi Yellow C(4). Cnilds (32.40) .. | Chile Cop (2%) . ;1 Christie B (1.20) Chrysier Corp(3) . | Chrysier pfA(3). | Coca-Cola (7). ... | Coliins & Aik(4). s | Col Fuel & lron.. Col Gas new (5). Col Gas ris Col G&E pf A(6) Com Credit (1).. Com inv (3.60).. Com Solv B (8). Congoleum N. .. Congress Cgr(8) Con Cigars (7).. Conso: Distribut Consol Gas (5) . . higher than y strong at early bulk wooled asking around 13.5 weight; choice fed around 12.00; culls st sheep steady; held highe early trade, or Av's full advance la 1 for ¢l ipped ng d lambs by 9 vesterday trong to 20 higher than early; choice medium weight shipping lambs at day’s top, 13.35; fed, clipped lambs, 11.75. EMPLOYMENT LOWER. CHICAGO, December 30 (Special).— Industrial employment conditions in this E -able than a ve ber of workers s for the month. The cld automobile industry mills, le r g per manufacturers increased forces. NAMED VICE PRESIDENTS. NEW_ YORK, December 30 (#).— ce, district managers of General c Co. were elected commercial vice presiden day and will con- tinue to suy the company's commercial activities in their present territories. Th are J. A. Cranston, Pacific Coast; H. L. Monroe, Chicago, and Theodore Beran, New York. —— - Tienstm has a building rush. ConRKCuba pt 6 Consol Textile. .. Cont Bakg A (8). Cont Baking B. . Cont Bak pt (8). Cont Can (16)... | Cont Mot (80¢).. { Corn 1'réd(12%) | Crucible Steel(6) | CubaCaneSugar. | Cuba Cane Su pf. | Cuba Co (4).... Cuban Am S (1) 1L‘uban-uum Sug. Cudany (new).. Cuyamel Fruit.. Davison Chem. . | De Beers(az.91). | Deere&Co pE(T) . | Del & Hud (9)... Del L & W (17) |DRG Wstpt | Dodge BrosCl A. Dodge pf (7). | Dome Mines (). | Doug-Pec (i2%) | Du Pont (112). | Eastman (18)... | Eaton Axle (2).. Eisenlobr & Isro. El AutoLt(16%) Liectric Boat. Elec Power & Lt Elec Refrig Iilee Sto Bat(16) ik Horn Elk Horn pf. Em-Brantgni (A -JoLa (5). .. Endicott pf (7) 28 28 121 122% 30% 31% 20% 29% 93 98 108% 103% 4% A% 51 Bl 4% 42% 69% 69% 69% 69% 14% 37 166% 166% 154% 154% 9 29 % T 54 b4 % % 653% 63% 18% 18% 62 62 41% 41% 8% 8% 1% 21% 162% 163% T T % 1234 128% 69 105% 103% 173% 174% 64% 654 48y 43% 9% BY% S 54 101 10.% 18 18% 57 67 227% 227% 1% 19% 564 56% Bl 5 1% 1% 109% 109% 0% 0% % 4 624 63% s B 1% 91n 2% 2% U | Cont Insur (6).. 139% 139% 18 a3k 50% 50% 80 B0% 10 10% 4T% Ask% B2 32% 26% 27 28% 28% 2% 32% 107 107 178% 178% 146%2 146% a2z a2 }| Devoe & 1(2.40). 1t 6 1.8% 179 134 134 «bYs 2bY iz g 6312 35 . 18% 9% 10 . 23% ) &% 6% % 28 121 93 08% 4% 51 41% 6% 69% 31 1% 67% 14% B6% 1664 151 29 1 8 128% 6% Y5% 438 50 38% 83% 4l 108% 172% 6a% 225% 18% 55 o3k 1% 108% 108% | W T0% | B4 61% Bhy 9% Close. 87 69 % 1% 13 140 bl 117% 143 137% 89 110% 16% 31% 13% 46 41% 56% 23 b58% 16% 138 3T 96% 48% 101 26 36% 35 88 9% 130 20'% 88% 8% 51 30 126 10 30 108% 119% 7% 104% 1425 120% 441 81'y 107 42% 27Th 149% 122% THE EVENING STAR, WASHINGTON, D. C, MORAN IS OPTIMISTIC FOR 1927, i ! Englneers Pub § Engnrs PS pf(7) ErieR R Erie 1st pf. Erfe 2d pt. Krie Stm S(2% Eureka Vac (4). Fairbanks (3). .. Fairbnk M pf(8) Famous Pl (J8). FedLight(*1.40) Fed Min & Smelt Fed Min pf (7).. Fed Mot T (f80¢) Fiist Nat S(1%) Fluk Rubber. . Fleischmn t2ig | Foundation (8) . Fox Film A (4). . Frank.S pf (7). Freeport Tex (2) Gabriet Sn (3 Gen A Tk 3y, Gen Asphait. .o Gen Cigars (4)., Gen Elec (h3). .. GenElec sp(60c) Gen Gas A(e114) Gen Gas pf B (7) Gen Motor(t11). Gen Mot pf (7). Gen Outdr Ad(2) Gen Outdr A (4). Gen Ry Sig t51; Gen Ry S pf (§). Gimbel Bros., .., Gimbl Br pt (7). Glidden (2). Gold Dust. ., Goodrich Ru (4) Goodyear pr (7). Gothm S 11 (214 Gould Coupier A Granby Consol. , Grt North pf (5) GtNrOre(t114). Grt Westn Su (8) Green Canan, .. . Guantanamo. Gulf States (5). . Hanna 1st pt. ... Hartman A (2). . HartmnB (k4.40) Hav El ctfs (6). Hayes Wh(t3% ) Hoe & Co A. Homestake (17). bt Houston O11. 120% 110% 126 106 62% 82% 86 1 Howe Sound(4). Hud Man (2%).. Hudson Mo(31%) Hup Mot (1.40).., Ilinots Cen (7). 1. Indep O11 (1).... Indian Refining. IndianRefg ctfs. Ingersoll-R(15). Inland St (2%). . Inspiration (2). . Interbor Rap Tr. i Intcontl Rub(1). 101 168% 102 208% 17% 40% 304 118% 160% 116% 107% 8% 45 41 27Th 26% 53 584 26% 46% 42 40 o4 7 28% 28% 166% 33 363 126% 28 122% 93 103% % 61 41% 6% 69% 81 1% 6Tk 14% 36% 1664 151% 29 Internat Agr. .. In Ag Cprpf(7). Int Bus Ma 134 . Int Com Eng (2) Int Harv (16)... IntMtch pf(3.20) Int Mer Marine. . Int Mer Mar pf Int Nickel (2). Int Paper (2). Intl Shoe (7).... 1 64 Int Tel & Tel (6) 125% Jewel Tea. Jones Bros .. Jordan Motor. .. KCP&L 1st (7). 1 Kan City South. . Kan C So pf (4). Kansas & Gulf Kayser J (4) Kelly-Spring. ... Kennecott C (5). Keystone T & R. Kinney G R (4).. Kraft (I1%). Kresgze S§5(1.20). Kresge Dept S. .. Laclede Gas 110. Lago O1] & Tran. Lambert Co (5). 1 Lehigh Val((15) Leh&Fink stf(3) Life Sav (1.60). . Lima Loco (4).. Laq Carb (3.60).. Loew’s Inc (13). J.ong Bell A (4). Loose Wiles. ... Lorrillard (§8). Louisiana Ofl. Ludlum Steel (2) McCroryB(11.60) Mack Trucks (6) Mackay (7). Macy HR & Magma Cop (3) Mallison & Co. .. Manati Sugar pf. Man EI Sup (6).. Man El m g (D5) Man Shirt (1%). Maracaibo Oil. Market Street. .. Market St prior. Marland Oil (4). Marland full pd. Marlin Rock t2% Martin-Pary(2). Mathieson (4). .. May Dept St (8). 1 Maytag Co (2) iy MetroG pf(1.89). 123% 8% ¥6 43 o0 B4% 34 42 103% 172 [ 2264 19 56% b3% 1% 8% ©3 B4 Yl Mexican Seabd. . Miamti Cop (1) Mid-Continent. Middle Sta Mid States ct Miller Rub (2).. Min St P & SSM. Mo Kan & Tex. .. MoK & T pf (6). Missouri Pacific. MissouriPac pf. . Montana Pow (5) Montgmry W(4). Moon Mot (1%). Mothr Lode(75¢) Motion Pic (1). . Motor Met(3.60). Motor Whi (2).. Munsingwr (3).. Nash Mot 13%... Nat] Acme. . Nat Bisc (16%). Nat Biscu pt (7) Nat Cash R(A)3. Nat Cloak & Suit Nat Dairy (8)... Nat Dpt Stores. . Nat D St 1st(7).. Nat Distillers Nat Distiliers Nat Lead (8).... NatPw&Lt(80c). Nat Ry Mex 2d.. Nat Sup pt (7).. Nat Tea (4).. Nevada C (1%). NY Air Brake(2) i2% 724Ny Canners.... 139% 1% 177 183 25% 11% 684y 4k 17% 341 139% 13% 178 1383 264 11% 63y lay 18 5% 9% 10 | NY Canner pt(7) | NY Central (7).. | NY Chi&StL(11) NYC&StL pf(6). NY Dock........ NY Dock pt (5).. NY NH & Hart. . NYOnt&W (1) NY Rys part cfs. NY State Rys. .. Norf & W (110). NthAm b10% stk | North Am pf(3). NorAm Ed pf(7) North Pac (6) Norwalk Tire 011 Well Sup (2). Guinibus 2 Onyx Hos (3.20). Opnhm, Col (4).. i Orpheum Cir(2) . Otis Elevator (6) Otis Steel. . Outlet Co (14). .. | Outlet Co pf (7). Owens Bot (c16) pacific Coast. . .. | Pacific Gas (8) Pac Ol Stubs. Packard (12.90). Paige Motor. Pan-Am (6) 23% 6% 67% Pan-Am B (6). Pan-AmWnB(2. Panhandl % . 115% 116% 115% 116% Park & Tilfo: 43 57% Lee Tire & Rub.. § EELN 20y 4bla 8734 b4% 83% 1% 42% 94 i 165'43156% 120% 120% 38 38% 56 56 83% 84y i 104 104% 421 42% 104% 104% 195 044, 19% 43 43% 991y 075% 30 9% b5 60% 26 247 954 19% 21 61% 61% 41 40% 19 107% 1 80 BY EDWARD C. STONE Howard Moran, president of the District Bankers' Association, when asked today to express his opinion re- garding the business and financial out- look in Washington for 1927, sounded a note of optimistic caution but at the | same time stated that without ques- 4% 40% 28 27w 0% 99% 11% 56% % 128 99% 1% Pa Dix Ct pf (7). Penn C & Coke. . Penna R R (3%) Penn-Seab Steel. Peoples Gas (8) . Pere Marq (18) . . Pere Marq pf(5) . PhilaCo (4).... Phila& RC&I.. Philip Morris. .. Philiips Pet (3). Phoenix Hosier Plerce-Arrow. . . Plerce-Ar pf (8) Pierce Ofl. . . Pierce Oil pf Pierce Petrolm. . Pitts Coal pf. ... Pitts Term Coal. Pitts & W Va(6) Postum (5) Pressed StlCar. Pr Stl Car pf (7) Prod & Refiner: 89 85% { Pub Serv NJ (2). Pub S N J pf(7). Pub SE&G pf(6). Pullman Co (8).. Punta Aleg Sug. Pure Ofl (123%). . Purity Bak A(3) Purity Bak (B).. Purity Bak p£(7) Radio Corpof A. Radlo C pf (3%) RSIICefs (4). Ray Copper (25¢) 54% 524 5% 64 22 122% 122% 29% 29% 8% 8 92 42% 26% 48 13% 11 62% 53% 50 143% 3% 6% 3% 38% 554 164 126 53% 10% 21% 114% 41% 66% Y 22% 122% 30% 8% 8 92 42% 55% 164 124% 53% 10% 20% 114% 41% 1 125% b4 10% 21% 114% 42 66% 54 10% 20% 14% 50% 9% 43 5% b 19 184% 184% ba% 19% 85 35% 22 64% 504 6% 6% 41% 42 161 162 31% 31% 16% 16% 23% 24% 5% 76 961 96% 127 127 26% 21% 83 834 137% 137% 28% 23% 24% % 16% 36 1% 1% 23 26% 32% 96 8% 90% 82 83 B3% 37% 187% 23% 234 38% 13% 36% b59% 50% 129 8% 53% 4 107% 78 15% 130% 1% Reading (5)..... Reading rts. Real Silk Ho: Reld Ice Crm (3) Remington Type Rensselr&Sar(7) Replogle Steel. . Rep Ir & St (4). Rep1&S pt (7). Reynolds Spngs. Rey Tobac B(5). Robt Rels & Co. . Rossia Ins (6).. Royal D (a3.078) Safety Cable (4) St Joseph L(13). StL & SanFr (7). St L Southwest. . Savage Arms. Schuite (88). Seaboard Air L.. Seab Alr L pf. Seagrave(el.20). Sears-R (n2%). Seneca Copper . . Shattuck F G(2) Shell Union (+2) Shubert The (5). Simmons (12.25) . Simms Pet (1).. Sinclair Ofl Skelly O11 (2). Sloss.Sheff (6).. South Port S (6). Sou Calif Ed (2). Sou Dalries A(4) Sou Dairies B. South Pac (6). .. Southern Ry (7). South Ry pf (5). Spicer Mfg. .. .. Std Gas & El g 20% 19% 110% 125% | 8td G & El pf(4) st Mill (5) Std Ofl Cal 12% . Std Ofl NJ (11%) Std Oll of NJ rts §td O11 NJ pt(7). Std Ol NY(1.60) Std Plate Glass Sterling Prod (5) Stewart War (6) Stromberg (6)... Studebaker (5) .. Submarine Boat SunOf1 (11)..... Superior Ofl.. ... Superfor St1(2) . Symington. ... Symington A(2). | Tenn Copper (1). Texas Co (3). ... Texas Corpn (3) Tex Gulf Sul (4) Tex & Pacific. Tex & Pac C&O. The Fair (2.40). . Third Avenue. .. Tide Water(1%) Tide W Ofl pf(5) Timken (15).... ‘Tobac Prod (7). . Transcont Ol. ... Transue & Wil Twin City (5) Underwood (4).. Un Bag & Paper. Union Carb (6).. Un Ol (2).. Un Pacific (10). Un Pacific pf(4). Utd Cigar S (c2). Utd Drug (8)... UtdDre 1st(3%) United Frult (4) 1'td Paperhoard. U S C1P&F(10). 23 USCIPpDL (D). U S Distributing 17 S Hoff (13%). U S Alcohol (5). U S Ind Al pf(7). U § Realty (4).. U S Rubber. ... U S Rub 18t (3). US Smelt (3%). USSmpt (3%). U S Steel (7)..\. USSteel wi...\ U S Steel pf (7). 'S Tobaceo(3) . Universal Pipe. . Univ Pipe pf (7). Ut] PELt A (e2). Vanadium (14).. Vick Chemical. Va-Caro Chem.. Va-Car Ch 6% pf Vivadou (3).. Vivaudou rts. ‘Wabash. Wabash pf A(6 ‘walworth (1) Wara Baking B. Wward Bak pf (7) ‘Warner Bros. Warren Bros(15 ‘Washburn pf (7) Weber (4) W Penn El A (7). West Maryland. . ‘West Md 2d pf. West Paclfic. .. . West Pac pf (6). Westhse AirB {8 Westinghse (4). Weston Elec. ... Wheel & L Erle. . ‘Wheel & L EDf.. White Eagle (2). ‘White Mot (4) .. WhiteRock 12.70 ‘White SM pf(4). Wickwire ctfs. . . Willys-Overland Wiilys 0d pf () Wilson & Co. ... -« ‘Wilson & Co(A). ‘Woolworth (16). Woolworth w i.. { Worthn Pump. .. Wortn Pump(A) Wright Aero (1). Yellow Tr (75¢) Youngstown (4). 88% b 8814 Hourly Sales on N. Y. Market. 1lam. 357.500 12n.. §90.400 1pm. 764,700 2pm. 981,200 101% | 1100 THURSDAY, DECEMBER 30, 1926. BUT SOUNDS NOTE OF CAUTION President of District B;nkers' Association Predicts Bank Deposits Here Next Year Will Break All Records. tion the Capital is facing another year of steady advancement. The banker predicted stabilized bus- iness conditions in Washington, which he asserts, holds a unique position among the clties of the country; asser- ted his belief that bank deposits here will break all former records during the next twelve months; and predicted continued sound credit which is al- wa so vital to prosperity. In ex- ning his views, Mr. Moran said: “The business forecasts which have been issued for 1927, have in a majori- tv of instances been promising in character, but practically all have con- tained a word of caution. This inter- i pretation is right, because the latter months of 1926 showed a slight change in the business curve, and utmost care in our business expansion is essential. Some Declines Noted. “That general business conditions are good is true in both industry and transportation, but there has been a noticeable slowipg up in building operations. “However, by having Government agencies located in this city, Wash- ington enjoys a unique position, and this condition cannot but act as a stabilizer where there is indlcation of a rise or fall in business activities. “Private building operations no doubt will be retarded to some extent during 1927 because of an overex- pansion in certain lines, but this con- dition will be offset in Washington to a large extent by the contemplated jGovernment public building program, which should provide employment for all classes of trade and materfal supply houses. ““The bankers of Washington should receive their share of business, and it is not an idle prediction that the highest totals in deposits ever re- corded will be reached in the new year. More People Saving Money. “The indication of the saving ability of our local residents was brought forcibly to the front through the distribution of over $5,000,000 in Christmas savings funds, and reports would indicate that the club of 1927 wil' exceed that of other years. “The percentages which people are saving out of annual earnings are making new high records, and there is no reason to feel that this will not continue into 1927, “Washington is the Capital City of our country and cannot help but con- tinue to grow. With its increasing population we can feel confident that 4| the year 1927, from a local standpoint, will be prosperous in character. Profits Should Also Grow. “If all of us use common-sense treatment in dealing with business problems, profits will be such as to guarantee our further progress. “Through the operation of the Fed- eral reserve system our country is on a sound credit basis, and any tendency to puncture the system would be met with the safeguards which can be thrown around it due to the excellent laws governing our finances. “The year 1927 is the continuance of a new financial era in which we are living, and those engaged in busi- ness through the use of sound busi ness policies cannot but have a pro- Ructive year,” said Mr. Moran in con- clusion. Traction Stocks Again Active. Tractlon stocks were very active again today on the Washington Stock Exchange, sharing with Wash- ington Gas in trading leadership. Capital Traction opened at 104% and advanced to 104%, the day's sales totallng 60 shares. Washington Rail- way and Electric preferred opened at 90%, but sold off an % in later trad- ing, the day’s turnover reaching just shares, Seventy-four shares of Washington Gas Light changed hands at 71% after 13 shares had sold at %. Washington Railway com- mon gained a point, selling at 178. Peoples Drug Stores preferred again sold to the extent of 10 shares at the new high of 110. Lanston came out at 94 and 200 shares of National Mortgage and Investment preferred moved at 7%. In the bond division Georgetown Gas 5s sold at 98%, Casital Traction 55 were at par, while Railway and Electric 4s registered 83%. The day's trading closed with Washington Ga: 6s selling at 103%. ; Straus Pays Thrift Bonuses. Employes who have been with S. W. !Straus & Co. for 10 years will today receive thrift society bonuses amounts {ing to approximately 400 per cent of the money saved by them during the i decade. According to the provisions of the thrift society, which was formed in 1916, employes may deposit with the company amounts equal to 5 per cent of their salaries, provided these de- posits do not exceed $250 a year. For jeach dollar saved by an employe the company has deposited a similar amount or more. It is provided also that no division of the funds can be made until@n employe has been a de- positor for 10 years. Persons leaving the service of the company can withdraw all their de- posits with interest, but the amounts deposited for them by the company remain in the treasury of the thrift society for the benefit of the remaining depositors. The limited number of em- ployes who deposited $250 a year for 10 years will receive checks today for a little more than $10,000 each. Mount Vernon Bank Expanding. Rapid progress is being made on the extensive changes at the Mount Ver- non Savings Bank. The bank is prac- tically doubling its banking rooms by taking over the remaining space on the first floor of the building on the Ninth street side. The partition has been removed and the new counters are nearly installed. The expansion will furnish a very large lobby, allow for splendid light, and allow other ap- pointments, which will be unusually convenient in every way. MUCH WOOL MOVING. BOSTON, December 30 (Special).— Despite the inventory period consid- erable quantities of wool are moving to mills and topmakers are again ac- tively in the market. Some sales of fine territory wool in the original bags are reported and are attracting con- siderable attentiqn. Northern Cali- fornia staple of French combing length is selling on an estimated clean basis of $1 a pound and white fine territory has moved within a range of 105 to 108. Foreign woals are in limited supply and demand for South American cross-breds is stronger. Spot stocks are held here for 41 to 4% cents in the grease in bonds. 86,034 STEEL STOCKHOLDERS. NEW YORK, December 30 (#).— Common stockholders of the United States Steel Corporation totaled 86,034 when the books were closed for pay- ment of the December dividend, 175 more than the quarter before. At the end of December last year there were 90,676 common shareholders. Pre- ferred stockholders eligible for the November dividend were 73,421, a_de- crease of 530 from the preceding quarter, j Sao Panlo 85 1936. . FINANCIAL. [Coxmew vore_BONDS srocx sxcaavce ] |FRENGH AND U, §. Received by Private Wire Direct to The Star Office. (%) This table carries quotations recelved up to 3:15 p.m. A com- plete table will be published in the 5:30 Edition. UNITED STATES. (Sales are in $1.000.) Sales. Hi Low. - 1311016 1013 110210 10210 ‘43 llona 100 5 Lib2d 4%s. 195 lgslfi ll(o)zlgo Lib3d 4%s. 372 10117 101 14 !l;lg;thflfll 407 103 14 103 12 v %s.... 171 1036 103 8481944, 101 105 10 10 US4%s52. 115 110 10 110 FOREIGN. Argentine 6s Ju 59. Argentine 65 0ct59. Argentine gg A Argentine 6s B Argentine 7s. Australian 5s, Austria 7s. ., 1 Bank of Chile § s Bank of Japan 6o Belglum 65, Lib3ys L1-24%s Lib2d 4s. .. Lib 1st 4%s, 9.4 Belgium 7s ct. . Belglum 7%4s. Belgium 8 Bolivia 8s. Bordeanx fs. Brazil 348 Rrazil 7s. ... Brazil 8. . Canada 6= 1971. ... Canada 5%s 1929, | Chile 75 1943 - Chile 85 1946 Chinese Gov Ry 5s. Con Pow Japan 7s Copenhagen 5%s. . Czécho 7%s rets. Czecho 8s 1951. . Czecho 851952 ct. . Danish Muntc 8s B Dutch Fast T 6s 47. Duteb East T 6s 62. El Salvador 8s 48. . Finland s f 6s 45 Finland 7s. ... Framerican 7%s French 7s... French 8s. .. Hungary 7% Ttaly 7s.. japanese 4s. ... Japanese 614s. . Mexico 4s 04 asntd. Mexico 45 10 asntd. Mexico 5s asntd. Netherlands 6s 54. Nord 8%s. Norway 5% Norway s 1943 Norway €s 1944 Norway 6s 1952 Orient Dev deb 6. Faris.Ly-Med 6s Parfs-Ly-Med 7s Paris Orleans 7s Peru 7%s. Peru8s... Pnland 8s 40. Queensland 7s. Rhinelbe Un 7s... Rio de Jan 8< 1948 Rio de Jan 8s 47. Rio Gr Do Sul 8s. Saxon (PW) 7s. Seine 7s 42. . Serbs Crot Slo Sofssons fs....... Swis S1946. ... Swise Confed 8= .. Toho Elec Pow T Tokio 5 td Kine Utd Kinem Uruguay 8s..... UtdSteamCopen 6 Yckohama 6swi 59 MISCELLANEOUS. Am AgriChem 7%s 6 104 104 AmSmit& R I1st5s 7 100'4 1004 Am Surarref 6s... 21 104% 104% AmT& Teltrds.. 95% 914 Am T & Teltrb5s.. 102% 102% AmT& Tsf5s 1014% 101 105% 1054 97% . 07% 104% 103% 108% 108% 107% 9214 95 101 99 103% 10%% 100% 97% 101% 104 ® 2 MRS R B oW it 00 m Anaconda 1st 6: Anaconda cv db Andes Cop 7s rets. . Armonur&Co 4% srf Armour Del 5%s Atlantic Refin 58 Rarnedall 6s otts. . Bell Tel Pa 5s B. Rel] Tel Pa5sC.. Peth Steel rf 5s. Beth Steel 5145 52. Beth Steel 6s. . . Brier H St 1st 5%s. Rklyn Unfon 514s. . ‘Bush T Bldg 5s 60. Cen Leath 6s 45 cfs Chile Copper 6s 32 CommonwIth P 6s. Con Coal Md 1st Con Gas N Y 5%s.. Consumers Pow 5s. Cuba Canecv 7s Cuba Cane cv 8s. Cubzn Am Sug 8s. Det T2dison §s 40 Det Edison ref 6: Dodze w i 8s. . Duquesne Light Est Cuba Sug T%s. Goodrich 648 . ... Goodyear 8s 1931.. Goodyear 8s 1941... Hershey 5%s. Hoe & Co 634S. .. Tlinols Bell 1st 5s. Int Mer Marine 6s. Int Paper 55 47.... Int Paper 6s. IntT&TS% . Kan CP&L 6s A 52. Kan G & F 65 52 Kelly-Spring 8s. Lacl G ref 34 Laclede G 5%s 52. Loulsv G & E 58 52. Manati Sug sf 7%s. Mid-Con 6%s 40 Midvale Steel 58 Montana Pow 58 New Eng Tel 5s. N ¥ Edison 6%s NYGELH&PS5s. N Y Tel 4%s... N Y Tel 6s 41. NY Tel6s49... Nor States Pow 5 Nor States Pow 65. Pac Gas & F15s Pac'T & T 1st 55 PacT&T 6s52. Pan-Amer Pete 6! Peoples Gas 6s. Phila Corf 63 A Plerce-Arrow 88 Public Service 6s. . P Serv Gas 5%5 59. Remingtn Arms 8s. Sharon St1 H 88 Sinclair O11 6% Sinclair Ol1 7s. Sin Pipe Line &s So Por Rico Sug 7s. Southwest Bell 5s.. 10 Stand Ol N J 55 w 1178 Tenn Elec Pow 6s. . 108% 101% 105% 108% 94% 105% Utah Pow & Lt bs 98 Vertientes Sug 78 ‘Warner Sug 7s 39. West Elec 5s. Westinghous Wilson & Co Youngstn S&T RAILROAD. Atchison gen 4s.... 25 83 At&S Fcvt 45 05-56 6 88% Atlantic Atlanti An&b? |} Sales. High. Low. Sales. High. Low. 8:10. 3% 91 97 97 100% 100% 100% 100% Buff R & Pitt 4 Canad North 7s. ... Canad Pac deb 4s. . i Car Clinch&O 6s 52. G Ches &0 cv 4%s Ches & O gn 434s. Chi & Alton 3%s. .. Chi & Alt 314 ctfs. ChiB&Qgn 4s 53. Chi B & Q 1st rf 5s. |{CB&Q-TI3Ys. CB & Q-Tll div 4s. . Chi&EIgnés.... Chi Great West 4s. CM&StP4s25... C M&St P 45 25 cfs. ¥4 | CM&SLP deb 4s ofs. 108% 464 1067% 101% 2% 90 100 93% 93% 26 24% 40% 103% 9214 8% 101% 1014 101% 2414 &1y o614, 95% 100% 102% % 93% 104% 111 119% 102% o34 104 100% 104% asnsg 102y 105 80% CM&StPendls. CM&SPcv4l4s32ets CM&StPrf4%s. CM&SP rf 4%s cf14 CM&StPecvbs... CM&SP cv §s cfs 14 Chi & NW Chi & NW 7s Chi Rys 5s. . ChiRI&Prfds ChiTH&SESs... Chi T H Inc 6s 60.. Chi Un Sta 4%s. Chi Union Sta 58 44 Chi & W Ind en 4s. . C& WI5%s62. CCC & St L 5: Clev Term s Clev Term 5%s. C&S1st4s 29, Colo & Sou 4%s. Cuba RR 5s. . Cuba N R 65 66. Del & Hud 1st rf 4s. Del & Hud cv 5s 35. D Rio G West 6s. Frfe 1st cons 4s. . Eriegends. . Frie conv 4s A FrieconvisB Gr Trunk stdb §: Gt Nor 4%s 76 D. Great North 58 Great North §%s. . GrNorcenT7s..... Hocking Val4%s. . Hud & Man ref §3. Hud & Man aj 5s 111 Cen 4s 52. . M1 Cen 4%, s 66 Int Rap Tran § Int Rap Tr 58 stpd. Int Rap Tran 6s. .. Int Rap Tran7s. .. Int & G Norad 8s. . Int RysC A5s72.. Int Rep C Am 6s 41 Kansas City S 6s... Kan City Term 4s. . 3 Lake Shore 4528 . Lehigh Valen 4s. . Lehigh Val 55 2002 Man Ry 24 4s 2013, MK&TprinSsA. Mo Pacific gen 4s. . Mo Pac 55 1965. ... Mo Pac 6549 D Mo Pac 6s55E.... Nassau T Ry 48 57. NOT& Minbs. NOT&M5Ys.... NYCengen3ks.. NY Cent 45 98 N ¥ Cent deb 4s. NYCrfim4%s13 NYCentribs.. N Y Cent deb 6s. NYC&StLEsA." New Hav deb 4 56. New Hav deb 4s57. New Haven cd 6s.. N Hav&H clt 6= 40. NYOnt Wistds.. NYRys6s65..... NYRys6sA65. N Y State Ry 4%s.. NYStateRy 6%s 62 Nor & S gen 53 5 Norfolk & W en Northern Pac s 4 106% a1% 100 % 101% 4 80% 920 96% 97% 105% 107% Northern Pac r i Ore Short L rfs 4s. Ore-Wash 1st 4s. .. Pere Mar 1st 4s 56. Pere Marq 1st 5s... PCC&StT.5sB75. Port RL & P 5s 42. St L IM&S R&G 4s. StL&SFplisA.. StL&SFoprinfs. StL&SF5%sD.. StL&SFadj 35 StL&SF inc6s StL&SFpl6sC.. StLSWistds.... | San A & Arn P Seab A Liref 4s. Seab A L adj 5s. Seab A L con 6s. Seab All Fla 6s Sou Pac 4s 29. Sou Pactfic ref 4s. . Southern Ry gen 4s Sou Ry Con 53 94. .. Southern Ry 6% Term Asso S L 4 Term Asso St . 5s. Texas & Pacific 1st Third Ave ref ¢ Third Ave adj TolStL&W 4 Tol Tr L&P 5%s 30 Union Pac 1st 48 Union Pac 1st rf 48 Union Pac 48 27.... Union Pac 1st rf § Union Pacific cv Virginia Ry 1st 6 VaRy&PGs... Wabash 2d 65 . 7 87 2% —_— POTATO MARKET STEADY. CHICAGO, December 30 (#).—Pota- toes—Receipts, 43 cars; on track, 121 cars; total United States shipments, 594 cars. Practically no trading on round whites account of light offer- ings; russets slow. market barely steady; Wisconsin round whites, too few sales to establish a market; Idaho sacked russets, 2.76a3.00, occasionally fancy higher. Bl e SALES SHOW BIG GAIN. NEW YORK, December 30 (#).— Gross sales of Baldwin Locomotive Works for 1926 are estimated at $47.- 000,000 against $27,876,064 in 1925. Samuel M. Vauclain, president, looks !for modest business in 1927 with operations around 50 per cent of capae- ity. He expects nearly all depart- ments will be moved to Eddystone by the end of 1927, and again denies re- ports that negotiations are under way for the sale of the Philadelphia BONDS STILL LEAD Elsewhere in List Prices Show Irregular Trend in Today’s Trading. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 30.—United States Giovernment obligatlons among domestics and French issues among foreign securities continued to hold the leadership in today's dealings in the bond market. In the former gi a new high record for all time was established by the Treasury 4148 and a new high for the year by the f 4% Libertys. cond and third 41 Libertys duplicated their previous highs and the other Government obli gations at one time or another sold within small fractions of their be: price. Al the gains, however, were not held to the end, the market fluctu ating through a considerable range for Government bonds. It was pointed out today that a part of the buyir was founded on the premise that with the supply constantly diminishin there was no substitute for Gover ment bonds as mediums for tempor employment of funds of banks a ons. advance in French bonds wa no one case large, but it was uni form throughout the list. French 71 provided the an! selling hi at any time since | the offered in 1921. A today's price the yield was less ti 7 per cent or lower than any other French bond, a fact accounte the non-callable character of t vestment. French at 99 only % below the record hig! time, and French 8s at 108% wers only % of a point below their record made in 1924. Speculation in this is sue was not as active, because the possibility of price appreciation limited by the provision for the re tiring of a portion of the issue annu ally at 110. Department of the Seine 7s moved up easily above 97 to a new high on the move, and practically al the French railway obligations made good gains. Elsewhere the market was more ir regular. There was a good deal of evening up among the junior rails resulting In some cases in small net losses. Buying was selective in the industrials; steel issues were in great er favor under the leadersh! of Wheeling Steel 514s. Some of tHe lo cal tractions were up and some were down. Third Avenue adjustments met the best support and the larges: selling was in New York Railways in comes. 5 he | New Bond Issues NEW YORK, December 30 (Special) -—Public offering is being made toda: of a new issue of $6,000,000 McCror: Stores Corporation 5%; per cent de bentures, due December 15, 1941. The bonds are priced at 98 to yield & per cent and are offered by the Na tional City Co., Merriell, Lynch & Co. and Hemphill, Noyes & Co. The fasue if redeemable, in whole or in part either at the option of the compan: or through operation of the sinking fund on any interest payment date at 103 if redeemed on or before De cember 15, 1931, at 102 thereafter i 4 | redeemed on or befors December 1936; and therafter, but prior to ma- turity at 101. The proceeds of this financing will be- applied to the re tirement of certain real estate obligu tions aggregating $797,500 and to in. crease working capital. A banking group headed by J. I Morgan & Co., and including the Fi National Bank and the National City Co. of New York, and the First Trust and Savings Bank of Chicago has sold privately an issue of $5,000,000 Gen eral Mortgage 50-year, 414 per cent gold bonds of the Indiana Harbor Belt Railroad Company. The bonds are priced at 96 less interest to yield about 4.75 per cent. Baltimore Markets BALTIMORE, cial).—Potatoes, sweet potatoes, ! barrel, 1.00a1.7 bushel, 1.00a2 s, 100, 3.00a5.00 Brussels sprouts, quart, 13aZ5 | coli, bushel, 30a40; cahbage, ton, 26.00; caulifiower, crate, a2.50; crate, 3.00a5.00; carrots .25a2, December 30 (Spe 100 pounds, 1.50a3.23 barrel, 1.00a2.| plants, 100, 5.00a7.00; peppers, 3.00a5.00; parsnip: basket, H savoy cabbage, 50a75; spinach, hushel 75a80; squash, 1.00a2.00; to- matoes, crat 0; turnips, bas- ket, 35a40. Apples, barrel, 1.00a3. 3. 2 red Winter, domestic, No. 2 red Winter, gar- licky, spot, 1.42% Corn—Domestic, No. 2, yellow, 8§; No. 2, spot, export, no quotations; cob corn, new, 3.50a3.75 per barrel. ©Oats—No. 2, new, 59 per bushel; No. 3, 54%. Rye—Bag lots of nearby, 90a95 per bushel. Hay—Receipts, 74 tons. inquiry for hay is for those showing a heavy ‘mixture of clover and straight No. 1 clover. o descriptions the receipts are light and keep mostly cleaned up. Timothy hay in ample supply, and only the better grades coming in for any attention Low-grade and damaged stuff has nu definite market value. Quotations today, per ton timothy, 24.50: No. 2 timothy, 24.00; No. 3 timothy, K 1 light clover, mixed, 25.00a25.50: 2 light clover, mixed, 23.00a24.00; 1 clover, mixed, 24.50a25.0( Straw—No. 1 wheat, 13.50a14.00 2 ‘The best Turkeys, pound, 45u 50; poor and crooked | breasts, 30; Spring chickens, 26a2s; Leghorns, 5;_poor and thin, old hens, roosters, 25a30; poor and a30; guinea fowl, : pigeons, palr, 30a3 poultry — Turkeys, a! old toms, 44a46; poor and crooked breasts, 30; chickens, 24a30; roosters, 18a20; ducks, 25a30; geese, 25a30. Eggs—Receipts, 1,611 cases; native and nearby first in free cases, offered at 47. a56; ladles, packed, 23a2 dairy print; 30; rolls, process butter, 23a28. STOCK INCREASE VOTED. NEW YORK, December 30 (#).—An increase in the no par value stock of the California-Eastern Oil Co. from 5,000,000 to 10,000,000 shares has been authorized by stockholders, who also have approved creation of a $7,500,000 first mortgage convertible sinking fund, 61 per cent bonded debt for an expansion in Wyoming, Texas and ontinent e