Evening Star Newspaper, December 31, 1926, Page 25

FINANCIAL YEAR-END SELLING DEPRESSES STOCKS Mexican News and Establish- ing of Tax Losses Are Features of Day. BY STUART P. W Bpecial Dispatch to The Star. NEW YORK, December 31.—For the decline on the stock exchange the explanations attempted by 1 Street were perfunctory. There was the serious character of the Mexi- can news and there was selling for cash by those who had waited until the laet day to establish tax losses. These were the two subjects most dwelt on. The selling reached a good size vol ume during the first hour, but there- after was not so important. As matter of fact this in an influence which in the closing days of every nt vear ha s been exagger- has been very quickly estab- when started in for d concerned, it 1€ a situation wh s the Ameri- can oil companies having interests helow the border, but that is all. The Pan-American B shares, with the quarterly dividend deducted from the price, sold down to 63, where they were within points of the extreme low of 1926. This comparatively low » 1 indicates a_considerable measure of preparation for any even- tuality Baldwin Supporting pparently withdrawn ind the stock slumped over Subsequently it had a par- tial rally. Pullman was lower: other cquipments were not much changed. Jiudson Motor still seemed to be re- ceiving help whenever it fell off at all. Gene Motors broke in the early wading, then hardened. The ne was (rue of du Pont. Southern Railway was the out- stand among the rails and when 1 forward toward the end of renoon other ts of the railway list responded. The curi- ous part about the buying of the last - more in Southern Railway is has not been attended by but appears to have been ught out and out buying for in- vestment purposes. New York Cel point, then rallied. North- was quite weak at one the other hand, Reaging ated hed Locomotive ord fc broke badly. v while 1me sort noted on Thurs- ; in Wheeling and Lake Erie con- tinued. The in _Continental laking shares was ascribed to cov- ering 1y traders who had sold short on the idea that the dividend on the was to be cut. Ward Baking was in_demand. National Tea, up 6 points Thursday, had a further rise, and so did South Porto Rico Sugar. swift upturn Received by Private Wire Open. High. Abrahmastraus. 69 e Adv Rumley. 9% oy Adv Rumley pf.. 31% 32% S1% 324 Ahumada(t60c). 4% b 4% 5 Alr Reductn(16) 138% 139 137% 139 Alax Rubber.... g% o% 9% 9% All Am Cable(7). 1 1 145 148 144 Allied Chem (6) . 1361 137% 134% 136% Allls Chaim (6)." ga1, 90 884 90 Amerada (2) . 32% 31% 32 Am Agricul Ch 13 18 18 Am Agri Chpt. . 4T% 46% 46% Am Bk Not p?(3) Bé% 656k D6l Am Bosch c 16% 16% 16% Am Br Bov1(2) ssw 38 38% Am Can (2) 19y 48 49 Am Cargwa. 101% 101 101% Am C&Fpr (1) 130 130 130 Am Chain A (2). 25% 25% 254 Am Chicle (3) aTa 87 BTN AmChic pr pf s 88 88 88 Am Drue 9% 9% 9% 9% Am Express (6). 129 130 129 130 Am& For Pow.. 21 21 204 204 Am HoP(2.40).. 0% 80% 29% 304 Am Tee (410)..." 1243 126 124% 126 Am Internat] g8 38 88 38 Am La Fr (1) 0 10 %% 9% Am Linseed. , 80 30 80 30 Am Locomot (8 108 109% 108 109% Am Mach & Fdy. 73% 73% 73% 73% AmPo& Lt (1) 61% 614 61% 614 Am Radfator(5). 113% 114 11%3% 114 Am Safty R (#3) 56 56 56 AmShip&Com. 6 6 6 Am Smeltine (8) 143 143% 141 Am Snufr (12).. 127 127 127 127 Am St Fays (2). 44% 45 44% 45 Am St1 Fy pf(7) 113% 113% 113% 1134% Am Sugar (5). . Rl S1% 0% 814 Am Sugar pt (1) 107 107 107 Am Sumatra.... 42 42% 4216 42 Am Tel& Ca(5). 274 2T% 2T' 2T% Am Tel & Tel(9) 149% 1497 1495 149% Am Tobacco B (8 12114 121% 1211 121% Am Wa Woel20 2% 634 i Am W W ist (7). 106 106 106 Am Woolen .... 32% 23% 83 Am Wool pf (7). 86 86 Am Zine. . /14 B Annconda (3) 414 el ArmourDel pt(7) 93 e Armour of TI(A) 15% b Armour of TII(R) &% i Art Metal (11%) 22% = AssoDry G(214) 41 3 ik Asso DG 2d (7). 110 110 110 110 Atchison (7). ... 168% 171% 167 170% A Birm & At... % i Atlant C L (+10) 208% AtiCoastLrts.. 17% 1% 17% 17% AtIQuIf& WI.. 40 °40 39% 39% AtIGuIf&@WIpf. 39% 39% 3% 39% Atlantic Refing. 113% 114 112% 114 BaldwinL (7).. 157 167% 1524 155% Ralto & O (+614) 107% 108 106% 108 Bang & Ar (3).. 4b 45% 45 454 RBarnet Leather. 41 41 41 41 Barnsdall A (2). 2% 27% 27% 274 Rayvuk Cigar. 52% b53% bB2% 53% Belding Bros(3). 26 26% 26 267 Low. Close. 130 251 3% 6 142% 107 5% Ll 2054 208% 205% THE KVENING Direct to The Star Office 1 Open. High. Goodrich Ru (4) 43% 43% | Goodyear pf (7). 99% 99% | Granby Consol.. 33» 341 {Grt North pf (5) 804 80% |GtNrorectisg). 19% 19% | Grt Westn Su (8) 107 |Gt West S pt (7 | Green Canan.... Gulf States (5). Hartman A (2).. HartmnB (k4.40) | Havana El rets. | Hav Bl otfs (6). | Hayes Wh(#314) Hoe& CoA..... Houston Oil. { Howe Sound Hud Man (2%). . Hud Man pf (5). Hudson Mo(314) Hup Mot (1.40).. Indep Oil (1). Tozersoll-R(45). Indian Mot (114) Indian Refining. Tnland St (215) Inspiration (2).. Interbor Rap Tr. Intcontl Rub(1). Int Rus Ma 344 . Int Cement (4) Tnt Com Ene (2) Int Harv (16). IntMtch pf(3.20) Tnt Mer Mar pf.. Int Nickel (2)... Int Paper (2)... Int Paper pf (7). Int Tel & Tel (6) Towa Central Tewel Tea. ... Jones Bros Tea. . 31% 95 261% 26% 30 9614 193¢ 21% 61'% 31% 1 54% 10% 417% % 508 10 61% 43 57% 541, 2014 495 180 6614 99%; 5% 22 103 1015 644 52% 4% 61 42% 160 324 16+ 23 1 1% Kayser J (1). Kelly-Sprine. . Kennecott C (5). Kinney G R (4). Kraft (1114). Kresgze SS(1.20) Kresee Dept § Kress S H (7). Laclede Gas t10. Lambert Co (5). Lehich Val((t5) Leh&Fink stf(3) Life Sav (1.60).. Ligeett & M(t4). Liz& M B (14).. Lima Loco (4).. Tiq Carb (3.60). Loew's Inc (13). Tong Bell A (4). Loose Wiles. . Lorrillard (88).. Louisiana Oil. LouisGasA (1.75) Loufs & Nash(7) Ludlum Steel (2) Bethlehem Steel. 46% 46% 46% 46% Rloominedale 41% 41% 40% 41 Bon Am! Co 53% 53% 534 634 Rrires Mfz (3).. 28% 28% 28% 28% Bkin-Edison (8). 154 154 154 154 Blkn-Mn Tr (4). 68% 6814 67 68 Rrunswick Balk. 864 386% B86% 364 Rrunswick Ter.. 14l 14% 14% 14% Rurroughs (14). 122% 122% 122% 122% Bush Terminal.. 31 31% 81 31 Bush Terde (7). 91% 91% 914 91% Butte&Super(2). 10% 10% 10% 10% Butterick (m2). 51 Fll 50% 51t Byer &Co... 41% 41% 4% 41% Calif Packg(4).. 69% 70 69 69% Calit Petrol(2).. 31 81 31 21 Calumet & Ar(6) 66% 66% 664 66 Calumet&H(1%) 14% 14% 14% 14% Can Dry (c2%). 36% =86% 261 86k WHEAT GOES LOWER IN TODAY’S DEALINGS Big World Shipment Indication and Down Turn at Liverpool are Factors. By the Associated Press. CHICAGO, December 31.-With in- dications pointing to large world ship- ments wheat prices averaged lower today in the early dealings. Unlooked for down turns in Liverpool wheat quotations tended also to weaken the market here. Opening at % to 1% off Chicago wheat prices held near to in- ftial figures, except for something of an advance in the December delive Corn, oats and provisions were e: corn starting at 3% decline to % ad- vance and subsequently showing a #light general setback. Advices at hand among wheat traders tods told of heavier deliv- ries than expected at Liverpool, and « the Argentine movement of new wheat is now under w with ship- ments likely to be very large in the fmmediate future. Liberal shipments from Australia were also reported as in progress, the Australian crop hav-| ing turned out better than was fore- t According gentina I cls of wheat new crop g to current reports, Ar- put afloat 834,000 bush- this week, principally 1in from the northern yrovinces. Latest figures on the wheat yields in Australla give the 1926 production as 165,000,000 bushels, compared with 107,500,000 bushels Jast year. BUTTER IS LOWER. CHICAGO, December 31 (#).—But- cipts, 7,689 tubs; standards, 49 firsts, 44 ceipts 3iary SILVER QUOTATIONS. W YORK, December 54; Mexiedn doll SHORT-TERM SECURITIES. ted by J. & W. Seligman & Co.) ases; firsts, st 11 refrigerator extras, ; refrigerator firsts, 34%. N Ba: 31 ). — , 41, 1025 10575 oA ‘pper 10} bign 102 o Blgs 1946 ki 19740 6s 100K MAN BONDS AND STOCKS. GER. « llars per nullion marks,) Ric Asked 50,00 1900.00 101318 18 ) 5000 100200 | Cuyamel Fruit.. ! Bastman (18). | FedLight(*1.40) an Pacific (10). 166% 167% 166% 167% (C?l!e Threshing. 151% 152% 149% 151% Central Alloy(2) 29% 29% 29 29% Cent Leather. . % TR % TR Cent Leather pf. b54% b54% 54% B64% Cent Lea nfctfs. Bdy 54% Fdwe bBale Cen Rv NJ(t12). 290 290 290 292 Cerro dePas(16), 61% €2 €1% €2 Certain-Teed(4). 41 @ 41 42 Chand-Cleve.... 8% 8% 8% 8% Chandler pf£(2%) 21% ?1% 21% 21% Ches & Ohio (112 161% 1631 161% 1631 Chi Gr West pf.. 24% 24% 24 24% Chi MII&StP. 9 9% 0y Chi Mil&StP pf. 19 19 19 19 C M&StP cfs. 9 9% 9 9% C M&StP pfofs. 18% 19% 18% 194 Chi& Nwn (4).. 179% 8% 79 80% 124% 124% 124% }gg% i & Nw pf(7) g:( Pneu T (5).. 128% 123% 128 ChiRI&Pac... 68% 69% 681 68% CRI&P pf (7). 108% 103% 103% 103% Childs (32.40)... 49% 49% 49% 49% Chile Cop (2%) . 84% 341 34% B4y Chrysler Corp(3) 41% 42% 41% 42 Cluett Peab (5). 61 61 61 61 Coca-Cola (7). .. 172% 172% 170% 172% Collins & Aik(4). 64% 65% 64% 65% Col Fuel & Tron.. 481 43% 43% 43% Col Gas & E1 (5). 89% 89% 89% 89% Col Gas new (5). £9% 89% 88% 89 ColGasrts...... 3 3% 3 3% Col GRE pf A(6) 101 -101 101 101 Col Carbon (4).. €7 67 67 67 - Com Credit (1).. 17% 17% 17% 17% ComCrpf (1%). 22% 22% 22% 22% Com Cr 1st(63 ). 85% 85% 86% 851 Com Inv (3.60).. B5% Bb'a B4k 54% ComInTrpfé% 92 92 92 92 Com In Tr pf(7). 98 9'5 98 98 Com Solv B (8).. 226 232 220% 231 Congoleum N... 19% 19% 18% 19 ongress Cgr(8) 56% 67 55% 55% gonKanArs (7).. B83% B84% 83 84% Consol Gas (5).. 108% 108% 108 108% ConRRCubapt 6 70% 70% 70% 70% Consol Textile. . 8% 3% 3% 3% Cont Bakg A (8). 65 68% 65 67% Cont Baking B.. 8% 9% 8% 9% Cont Bak pf (8). 92 93% 92 Dfll/. Cont Can (16)... 72% T72% 724 72% Cont Mot (80¢).. 13% 13% 12% 13 Corn Prod(12%) 49% 49% 49% 49% Crucible Steel(6) 80 81 9 81 CubaCaneSugar. 10% 10% 10% 10% Cuba Cane Supf. 47% 48 47% 48 Cuba Co (4). . 32 824 81% 382 Cuban Am S (1). 27% 27% 2T% 27% Cuban-Dom Sug. 17% 18% 17% 18% Cudahy (new).. 52% bifl‘ lg%vfi lgfih Cushman's (8) .. 1325 132 S 8:; 2T% 28% 2T% 2T% 144% 145 144% 145 41% 41% 41% 41% 40% 40% 40% 40% 101% 102 26% 26% 8214 B2% 82 B2Y% 10% 10% 9% 9% 46 46 46 46 177% 177% 174% 177 110 109 110 132% 132% U 24% 12 145 Davison Chem. DelL & W (17) DRG Wstpf Devoe & R(2.40). Devoe&R 18t(T) . Dodge BrosCl A. Dodge pf (1) Dome Mines (2 Doug-Pec (12%) Du Pont (112).. Du Pont deb (6). 109 aton Axle (2) Elssnlohx' & PHL slectric Boat. . . Blee Power & L. Elec P & L pf (71 EP&LDS 40% (1) Elec Refrig (¢2) Elec Sto Bat (16) End-Jok.a (5). .. Endicott pf (7). Engineers Pub S Erie R R. . 1e 18t P! rie B S(2%)- Eureka Vac (4). xchange (1%) Fairbanks (3)... Famous P1 (j8) . 14% 18% 18% 17% 96 96% 96 96% 104% 104% 104% 1044 364 B88% 86 874 80 80 78% T8% €T% 67% 67% 67'¢ . 115% 115% 115 116% 22m 22% 22% 22% 40 40 39% 40 521 63'% 524 b3% 24% 256 24% 24% 66% €6% 66 66% 154 15% 16% 16% 89 42 39 42y 113% 114 41% 93 26% 287 164 a7 81% 0% 344 20% % 45% 87 83% 1% 42% 40 94% 165 121 88% 56 83% Fed L&T pf2(6) Fed Mot T (f80c) First Nat S(1%) Fisk Rubber. . Fletschmn 2% . Foundation (8). Fox Film A (4).. Freeport Tex (2) | Gabrtel Sn (3%) Gardner Motor . . Gen Am Tnk (3). Gen Asphalt Gen Elec (h3). .. GenElec sp(60c) Gen Gas A(el%) Gen Gas (B) n Gas pf B (1) Gen Motor(t11). Gen Mot pf (7). Gen Outdr Ad(2) Gen Outdr A (4). Gen Ry Sig t6% 79% 0% 33% 294 T 45% 86 B3% 11% 42y % 46 87% 83% 11% 42% 40 4l 94% 94w 1556% 151% 163% 121 120% 120% 39 38w 89 66 656 66 83% 827 83 MeCroryB(11.60) Mack Trucks (6) Mackay (7). Macy HR & Co.. Magma Cop (3).. Mallison & Co. .. Manati Sugar pf. Man El Sup (5).. Man El m g (D5) Maracaibo Oil... . Marland Of! (4 May Dpt S pf (7). Maytag Co (2).. MetroG pf(1.89). Mexican Seabd. . Miami Cop (1) Mid-Continent. Middle States. Mid States Oil ct Min StP & S§M. MStP & SSM pt Mo Kan & Tex. . MoK & T pf (6). Missouri Pacific. MissouriPac pf. . Montana Pow (5) Montgmry W (4). Moon Mot (1%). Mothy Lode(75¢) Motion Pic (1).. Motor Met (3.60). Motor Whi (2).. Nash Mot 131 Natl Acme Nat Bisc (15%). Nat Cash R(A)3. Nat Cloak & Suit Nat Cloak pf (7). Nat Dairy (3)... Nat Dpt Stores. . Nat Distillers. .. Nat Lead (8).... NatPw&Lt(80c) . Nat Supply (16). Nat Tea (4)..... Nevada C (1%). NY Air Brake(2) N ¥ Canners. ... NY Canner pf(T) NY Central (7).. NY Chi&StL(11) NYC&StL pf(6). NY NH & Hart. . NYOnt&W (1) NY Rys part cfs. Norf & W (110) . NthAm b10% stk NorAm Ed pf(7). North Pac (5)... Norwalk Tire. 0il Well Sup (2). Gmnibus. .. Otis Elevator (6) Otis Steel. Otis St1 prior(7) Outlet Co (14)... Owens Bot (ct6) Pac Oil Stubs... Packard (12.90). Paige Motor. Pan-Am (6)..... Pan-Am B (6)... Pan-AmWnB(2) . Panhandle. ..... Pathe Ex (c3)... Pa Dixle Ct(80c) Pa Dix Ct pf (7). Penna R R (3%) Penn-Seab Steel. Peoples Gas (8). Pere Marq (18) .. Pere Marq pf(5). Pere M prior(5). Phila Co pt (5).. Phila& RCE& L. Philip Morris. .. Phillips Pet (3). Plerce-Arrow. . . Pierce-Ar pf (8). Pierce Oll. Pierce Oil pf.... Pierce’etroim. . oal pf. ... Pitts FtW pf(7). pitts St pf (7) Postum (5). Prod & Refiner Pub Serv NJ (2). Pub SE&G pf(6). Pub 8K Po pf(7). Pullman Co (8) Punta Aleg Sug. Pure Oil (12%) Purity Bak (B).. Radio Corpof A. Radio C pf (3%). Reading (5) Reading 2d (2). Real Silk Hose. . Remington Type | Replogle Steel. . { Rep Ir & Stl (4). Rep 1 &S pf (7). Reynolds Spngs. Rey Tobac B( Robt Reis & Co Royal D (a8.078) Safety le (4) St Joseph L(13). 41% | StL & San¥r (7). 101% | St L Southwest.. 6 | Schuite (§8). | Seabourd Air L | Seab Air L pf Sears-R (0 2%). Seneca Copper . Snattuck F G (2 Shell Union (+2) Shell Un pf (6) Shubert The (5). Stmmons (12.26) . Stmms Pet (1) Sinclalr O1) Skelly Ofl (2) 584% Gen Refrac (3). Gimbel Bros. Glidden (2). . 43% 42% 20% 43% 43 43 43% 42% 43Y% 21 20% 21 Gold Dust, 43w 43% 42% 43 Sloss-Sheff (6).. 12 South Port § (6). 16: Sou Calif Ed (2). Sou Dalries A(4) 4 44 NEW YORK STOCK EXCHANGE Low. 43 99% 334 80 19% 109% 106% 1087% ) 118% 118% 118% 1184% 31% 53% 26% 26% 30 9614 19% 21% 60% 39% 40% 80 . 147% 1421 140% 1 214 124% 126% 124% 126 1 54% 10% 417% 1 50% 20t 495 180 €5 99% 6% 10274 101 64% 129 24% T6%% 961 126% 126 55 49% 184% 6% 124% 2314 24 Th 16'% 34% 1% 1% 25% °6% 37% 0% an 125 20% 681 6% 96 397% 20% 67% 70% 27 19 165% 20% 8219 124 14% 4214 21% 70% 139% 187 103 4% 24 147% 157 46% 9614 % 4% 3% A 128 8 66 62% 78 1% 15015 100 98Y% AT 37 5% 19% 19% 454 127 160 31% 31% 31% 4 BARBER & ROSS BOND ISSUE WILL COME OUT NEXT WEEK Close. i ! TRAR . Securities to Be Dated January 1—Com- | mon Offering to Be Made at Same Time—Preferred to Follow. 80% 19% 81% have declared the uisual semi-annual dividend of 3 per cent, payable on january 15 to stockholders of record December 31. At the same ' time 000 was transferred to surplus, zing the total of this item to $35,000. A bonus of onehalf a month’s salary was given to all employes. President A. S. Henderson expressed ion for the sub en the institution » years ago. over half a million. Federal Storage Dividend. The directors of the Federal Storage ‘0. have declared the regular quar dividend of 2 per cent on pre- stock, able January to of 1 December 31, ident E. K. ris announces. Thrift Committee Chairman. Victor B. Deyber, al chs man of the District of Columt Thrift Week committee, has appoint- ed Y. 1. Booker chairman of the sub- committee on “Safe Investments and Make a Will day.” Mortgage Loans Reported. Mortgage loans made by the Aeac Mutual Life Association in the District of Columbia and vicinity during September totaled $831,500. In October they aggregated $549,500 and in November, $50,200. The total dur- ing the past three months of 1926 i 1,481,200, comprising 21 loan BY EDV One of the RD C. STONE. first local offerings of the New Year will come next week | when Crane, Parris & Co. plan to « | offer $1,000,000 Barber & Ross 10-vear * 1614 per cent sinking fund gold bonds, 0 | January 1, 1927. The bonds " | will be priced and acerued inter est to vield over 6% per cent. Asso- cinted with the local firm in handling the issue are Pogue, Willard & Co. (of nd Hentz & | Co. I houses will at the same time offer | limited number of shares of Barber & | Ross common stock. Announcement of the bond offerin | brings out the fact that Samuel Ross, any vears at the ¢ doing a structural le and retail hardw is about to turn over a cont nterest in the concern to five ex- ves who have bes tive H’\‘lh" company’s succ a long time. Mr. Ross, however, is not to retire, but will become chairman of the j board of directors It also is announced in the circular {that the forthcoming bond issue will | be followed by a $500,000 issue of 7 per | cent preferred stock, but it is under- stood that this stock will not at pres- ent he offered to the public. The pur- pose of the new financing is to permit a recapitalization of the compan the new management takes over the controlling interest from Mr. Ross. Under the reorganization the c pany will have the following Samuel Ross, chairman; Harry president; J. H. Johnson, jr., first vice { president; Joseph B. Thon ccond vice president; T. B. Rhodes, treas- urer and H. L. Light, secretary. The Barber & Ross firm and its pred- decessor been in busin in Washington for 50 ¥ Application will he made ) t the bonds on the Washington Stock Exchange. Local Stocks End Year Strong. Local securities ended the year with trong tone on the Washington < Exchange. Capital Traction, : ex-dividend, opened at 1047 104% on a 103-share Rallway and Electric pre ferred came out at 901, Mergenthal closed at 108, Peoples” Drug Stor weferred retained tge new high of 116, while 20 sha Yt Continental American Tel. & Telga, 4s.. Trust Co. sold at 1 . 17 & Tol et tr, Washington (¢ Light opened & POt B K 71% on sales of res and clo o 5 T13% on an it ational Mortg: pr d sold at 8. | of the year in Potomac ¥ er preferred registered 107%. Twenty-three issues e 3 d today. Only two bond i .4, Chestnut Hill Farms Dairy 6158 opening at 103% and closi 10 Capital Traction 5s registered par and an eighth Dividends The dires Langdon § urces now ly 42% 627n 1 1% 43% i3 50% 2014 Capital Potomac £ 108770 a1 108, ) ashington Rwy. & Electric pfd—10 at 108 180 F6le 100 7% 90 Mergenthale National M <t pld.—50 at 77 Pegles Drug Stores pfd.—10 at 110 AFTER Chestnut Farms D 1035 - $1,000 at 10 »=50 at 104%. Capital Traction 033, W Gas Light—86 at 71%. 10 at 10°at 71% 80 at 1% . 5s—31.000 at 100 1027 101% 6415 52% 4% 614 20 at 105. all loans, 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY 159 | turnover % T5% 9T% 126% 126 35 4 3 tlon' B, K. Gity & Suburban S Seorsetown Gas 1et be Potor Slec. 18t 5 cons. 49% 1% 5% 124% | ge mo Washington “V‘ x‘hmfilnu ash. Ry Wash. Rwy % 16% 354 1% 1% 26% Chevy Ch: | Chestny D.C. ¥ i Pot and Bonus Vote ors of the Woodr vings & Commercial 2 F aper Co. M Joint Stock STGCKS. PUBLIC UTILITY an Tel. & Tol 5 Dital” Traction. . 18 Shington ¢ | Nortolk P = Scu Dairles B South Pac (8) | Southern Ry (7). South Ry pf (5 Spicer Mfg. Std Gas & El 3. Std G & Bl pf(4) Std Mill (5) Std Of1 Cal 2%. Std Ofl NJ(11%) 38% StdOllof NJ rts 24 Std Oi1 NJ pf(7). 115% Std OIl NY(1.60) 32% Sterling Prod(5) 91% Stewart War (6). 64% Stromberg (6)... 49 Studebaker (5).. 54% { Submarine Boat. 2% Sun Ol (11) 31% Superior Ofl..... 4% Sweets of Amer. 124 Tenn Copper (1). 11 Texas Co (3).... b7 Texas Corpn (3) 57% Tex Gulf Sul (4) 49% Tex & Pacific.... 4% Tex & PacC& 0. 15% The Fair (2.40).. 26% Third Avenue 40% Tide W Ofl pf(5) 88% Timken (15).... 78% Tobac Prod (7).. 108% Tob Prod A (7).. 115 ‘Transcont Oil. 4% Underwood (4).. 45'% Un Bag & Paper. Union Carb (6).. Un Oil (2). Un Pacific (10) Un Pacific p£(4) . Union Tank (n). Utd Cigar S ( Utd Drug (8) UtdDrg 1st(3%) 58% United Fruit (4) 119 USCIP&F(10). 2.9% U 8 Distributing 56 US Hoff (13%). 56% US Alcohol (5). T8 U S Reaity (4) 64% U S Rubber..... 58% S Rub 1st (3). 106% S Smelt (3 . 86 U S Steel (7).... 157% Steel wi. . S Steel pf (1) Universal Pipe. . { Vanadium (14) ’\'m\ Raalte. 3 | Va-Caro Chem. 39% | Va-Car Ch 6% pf 85% | vivadou (3). 9% 57 0% | 58 | | Nationat 24 | Commereial ot e ks S mors & Mechiiics deral-A i o . com. fd. i 20Y 69% 6% 96% 40% 207 67% 0% 27 19% 167m 204 | Linco = N 1 “Metropolitan Second = Nat. Bank of Washinzton TRUST COMPA American Seeurity & Trust § Continental Trust.. . Bank. . | . Savines & Trisi n Loan & "Trust AVINGS BANK. *370 Nation. inion T} Washing n rity Savings & ( eventh Street ates, | Washington Mechanics'. 70% 143% 190 | 103 434 L 80 108% 115 4% 5ia | 4501 Firemen's | Natiomat® Unioi TITLE Title state Titie' Inv. of Md. dom.. 5 MISCELLANEOU! id 46% | 96% 8% an 33% 134 128 8 66 78 1% Pan ral-Ame 95%% hants Merchants & Stor Linotspe - pld.; Stores pid. Kot . % oni Lothton nid *Ex. dividend Unlisted Department. i 1oy | iliese sceurities not listed under Exchang 114% | 180% | 32 | Arms ang iy Club 7 Medropolitan Cluts STOCKS BONDS. Clu S ldort (1%) - rd C1A (8 1 314 ard Baking B. 3% | wara Bak pf () 1, | Warner Bros . 150% | warren Bros(15) 100 | west P Po pf (1) 1. | West Maryland. ”l: | West Ma 2d pf. .. 23 { West Pac pf (6). T34 10 ng.fll S FOREIGN EXCHANGE. 4| (Quotations furnished by W. B. Hibbs & Co Nominal Sclling check 5 hecks 31% 90% 40°% 66% Saving Avings B, rk Savings F tomac 1137 188 Al don, pound el ollar. White Eagi€ 6 | ‘White Mot (4) - 7 6% i WhiteRock 12.70 White SM pf(4). Wwickwire ctfs. .. W Sl\yh~4)\'e|‘lun(! wilson & lza ..... wilson & Co(A) \\'ils(nll‘\\‘l) ot 4 Woolwerth (16)- | Woolworth wi. . Wortn Pump(B) Wright Aero 4\‘) . Wrisley (131).. Sl% 304 OL jow Tr (75¢) - 5 28 ;:{mxs(own (4). B8% 88% BT Hourly Sales on N. Y. Market. 11am. 384000 izn.. 701500 1pm. 874600 2 p.m. 1,087,800 . s year—no regular rate. A—dad G ”.mi’?mc Dasable 2% %. s 5% in stock S When carned. Al Mh'Cash or stock. 750" share {n stock o “tock, Blus 1950 S i aecial stock. R ek Fpavabie 1/46"01 8 ehare auarterly tn | A mar December 31 (#).-— zes steady: quotations Britain, demand, ables, 485 5-16; 60-day bills on France, demand, 395; Italy, demand, 4481;; 51% 51% elgium : Holland, 39 n, 26, Denmark, rland, 19.32; Spain, 15.30; Greece, Poland, 11.75; Czecho slovakia, Jugoslavia, 1.76%; ria, 14.12%; Rumania, .53; Argen- 41.37%: B 14 Tokio, H;)emghu Montreal, 108 49.00 99.85 15 20% 1914 6% 127 165 31% " Stock. 1us 8o | —biila 2/50 ividend rate the annual cash est ‘uarterly o i n etock. hare in stock. given in U ayments TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) S of, bove tahle ased on' the it yenrly deciarations s otherwise noted. extra or speclal divi s are not included. atly Mo [Partly extra. $Payable common stock. tPlus 4% in stock pay- 1o T 1% auarierly. Plus 3% in stock. | 4 Suartery. il Yas De | Belzium 7s. | Belglum 7s ct . { Am Suear ref 6s .| AmT&Tsf5s. i Goodlrich 614S. Last | | Kan CP&1. 5S A 5 STAR, WASHINGTON, D. €., FRIDAY, DECEMBER 31, 1926. UNITED STATES. (Sales are in $1.000.) Sales. High, Low. Closs. _Glg :gzs 1013 w;: 32 102 29 103 E::gm 199 1014 1012 1012 Lib gon 448 175 10117 101 16 101 13 URsha%s 270 103 18 108 12 10315 us“‘.”” 731039 1033 1039 Ua 048 76105111084 10811 %s52. 101108 1103 1108 FOREIGN. Argentine s Tu 59,5 ™ gy S o Argentine 6sOct59. 54 9814 93 | Argentine 6s A 36 984 Argzentine 6s B. 7 93 Argentine 7s. 18 100% Australian 5s. .15 974 AvREETRIb. S0 101% Bank of Chile 6%s. 8 Belginm 6s, Sz Relzium 6% L181 . 67 161 »5-8 9 e .82 Lib 3%, Lib 1st 4 Relgium 7145, telziumt8s, Bolivia 8 Rordeaux s Brazil §%s. Brazil 7g Brazil 8s Canada 5% 1931 Canada 6s 19 Chile 751943, Chile 81941, Chile 8s 1946, . . Chinese Gov Ry 5s. Christiania 6s. ... Con Pow Japan 7s. . Copenhagen 5%s Czecho 7Y s rets. .. Czecho 8s 1951. . Czecho 85 1952 ct. . .17 Danish Munic 8s B. Denmark 6s. . . DET5%s Mch DR In5ts Nov 53, Dutch East T 6= 47. Dutch Fast I 63 62. Finland s f 6 4 Finland 7s Framerican 7 French 7s. French 7%s French 85 e German E1 P 6%s. . German7Ts.... Ger Am Bank T Gor Gen Flec 7s. Holland-Amer 65 Hungary 7%s. Ttaly 7s... Japanese ds. . .. . Japanese 8%4s. .. .. Jergens U M 6s 47. Lvon 6s. . Marseille 8s . Mexico 45 10 asntad. Mexico 5 asntd Montevideo 7s. . ... Netherlands 6= 54. . Netherlands 65 7 Nord 614 Norway § 3 Norway s 1947, Norway 6s 1944 . Norway 6s 1 Orient Dev deb 6s. . Faris Med €s. Paris-Ly-Med 7s Paris Orleans 7s Peru Tt4s. . Poland 6s 40. Poland . . Prague Tl%s Rhinelhe Un 7: . Rio de Jan 85 1946 Riode Jan 8= 47... Sao Paulo #5 1936. . Sao Panlo 1950. . Saxon (PW) 7 Seine 75 42. Serbs Crot Slo 8s. . | Soiscons 6s. ... | Sweden 5%ss et Sweden 6s. .. . Swiss 5165 1946, -t @53 N0k wi s | Swiss Confed 8s... Toho Elec Pow 7e.. Utd Kingm 53s 29. Utd Kingm 5%s37. Uruguay 8s - | Yokohama 6s w { MISCELLANEOUS. Am Aeri Chem Tl%hs L 104 Am Repub deb 6s. . 99 AmSmit&R1 100% Am Smit & R 65 108 1047% 98% 102% 10114 10574 o8 104% 109% 108 92% 954 99% 104 AmTE& Tel tris.. AmT& Tel trbs.. Am T & T deb 51 Am Water Wks 53. Anaconda 1st 6s. .. | Anaconda cv @b 7s. i Andes Cop 7s ret: | Armour&Co 4145 ! Armour Del 5%s. . Barnsdall 6s ctts. . Bell Tel Pa5s R... | Rl Tel Pa5sC.. Beth Steel pm 5s. . Beth Steel 5% Beth §teel 65 Bklyn Ed gen Bklyn Union Bush T Bldg Calif Pete 6% Cen Leath 6s 45 Chile Copper 6s 32. Commonwlth P 6s. Con Gas N Y 5%3.. Consumers Pow 58. Cuban Am Sug 8s.. Denver Gas Dery (DG) 7 Det Edis s .o Det Fdison ref 6s Dodge w 16s. Donner Steel 7s. | Duquesne Light 8s. | Bmpire G & F 7%s. Wisk Rubber 85 28 116% 106" 110% Goodyear 83 1931... e 122 Goodyear 8s1941.. Hershey 5%s. 5 Humble O & R 5 Ulinois Bell 1 Tllinois TInt Paper ! Int Paper 6s. Tnt T & T 5Y . 3% Kan G & El 6s 52 Kelly-Spring nfl Laclede G 514852 . Lizzett & Myers 58 Liggett & Myers 7s Toriliard (P) . Loutsv G & B55 6 Manat! Sug sf T8 Midvale Steel 55... Montana F'0w 58. . - Mor's & Co 1st 4148 New Eng Tel N Y Edison 5s 44 N ¢ Edison 6% NYGELHET is. NY Tel 6s 41 3 NY Tel 68 ]:3 - North Am E Nor Ohio T‘“‘I L 2: Nor States Pow 08. 4 o States Pow 6s. 1 104% ;:;n_, ¥ ... 10 100 Pac Gas& E158.. 10 100, 103 Pan-Amer Pete 6s. = 1 102% 1024 Peoples Gas 68. .. oS bl &s“rdvféfas“ 104 103% e n ;\tsbe]rli Gasb%s59. 1104% 104% Remingtn Arm.s 6. o mo&: Stuclair O1165. ...« B e Sinclair Of1 6%s. e Sinclair O1178. ... + 9215 9215 Sin Pipe Line 5s. - - i Southwest Bell 5s. 1037% 103% Stand O11 N J 65 w 1169 101% 101% Elec Pow 6s.. 7 106% 105% Toledo BAn 15t 7. 5 1084 1084 United Drug 6s. 1107 107 USRublstrfss.. 23 95 ' o4 U S Rub 7%s . 1106 106 U S Steel sf 5s.. ... 17 107% 1074 Utah Pow & Lt5s.. 2 98 973 Vertientes Sug 7 9100 9914 ‘Warner Sug 7839.. 3 80 80 West Elec 55 .10 1024 101% Westn Union 6%s.. 8 111% 111% Westin e 5s.. 123 1014 101% Willys 6%8533.. 1 101% 101% Wilsom& Co 1st 6s. 10 101% 101% 101% Winchdster A 7%s. 1 105 105 105 Young$in S&T €s.. 46 104 103% 104 115% 92%° 92% 108% 108% 110% 110% 104% 104% 96 96 100% 100% 103% 1017% 105'% 108Y% 107 95 106 107% 9T% 100 80 101% 1% 101% 101% FINANCIAL. RAILROAD. Sales. High. Low. Close. Atchison adj 48 Atchison gen 4; Atlantic C Ll Atlantic C L 1st & AtlanticCL 7s At] & Dan 1st 43 4! Atl & Dan 2d 4s 48. 0 582000 D. O1stésct... O 6s. &Orf Imp 6s. B&O PLEWY ds. B & O SwDiv 5s cfs Bklyn Manhat 6s Can Nor 41%51935. Canad North 6155, Canad North 7s. Canad Pac deb 4s. . Central Pacific 4s. Cent Pac 1st 5s 90 Ches & O ev 4145, Ches & O gn 4145, Chi & Alton 3155, Chi B & Q gn 45 53. ChiB & Q 1st rf 5s. Chi&EIgnss.... Chi Great West 4s. C M & Puget S 4s. . (CM&StP1s 25, * M&St P 4s CM &St Pdb 4s (5 tP deb 4s cfs.2i CM&StPev 414 1 20 2 5 ofs. 2 CM&SPeva g s32ets 3 1& StP gnalgs. CM&StPrf43s, CM&SP rf 4155 cf14 CM&StPcvbs... ofs 14 ChiTH&SE 5s. Chi T H inc 6s 60. . Chi Un Sta 4%s Chi Union Sta 615s. Chi & W Ind cn s C&WI5%s62. CCC&StLAY% CCC & St L 5s. Clev Term 5s. ... Clev Term 51%s. . C&S1ist4s29... Colo & Sou 4%s. Cuba RR 58 CubaRR 6s 1936 cfs Cuba RRTl%s Cuba N R 6s 66. Deil & Hud 1st rf 4s Del & Hud cv 5s 35. Del & Hud 7s 30. Den & Rio G en 4s. . Den&RioG 4155 36. D Rio G West 5s...1 Det United 4%s Erie 1st cons 4s ie gen 4s. . Erie conv 4s A Brie conv4s B Erie conv 4s D. Srie conv ext 7s Frie & Jersey 6s. FlaEC5sT4. Gt Nor 4%s 76 D. Great North 5s. Great North 5% Gr Nor gen 7s. . Hav E Ry 5%s rets Hocking Val 414s. . Hud & Man ref 5s. Hud & Man aj 5s. 111 Central ref 4s 111 Cen is 52 111 Cen 1% s 66 Int Rap Tran 5s Int Rap Tr 5s stpd. Int Rap Tran 6s Int Rap Tran 7s Int&G Int&G Int Rep C Am 6s 41 Kan City Ft S 4s Kansas City S 3 Kansas City S 5s... Kan City Term 4s.. Lake Shore 4s 28.. .. Lake Shore 4s31... Lehigh Val 5s 2003 L &N 4%52003. Loufs & Nash 514 Louis & Nash 7s Man Ry 15t 90. . Market St 7s 40. ... MIIElRy & L 5s... M St P & SSM cn 4s 38gtd M S SSM 51s. M St P& SSM 61s. MK&T4sB M & & T adj 5s. MK & T prIn 5s 4 MK&TB6sC..... Mo Pacific xen 4s Mo Pac 55 1965. . Mo Pac 6s49 D.. Mo Pac 6s 55 E. . Mont Trm ref 5s 41 NOT&M5%s NYCengenity N Y Cent 4s 98 N Y Cent deb 4s NYCrfim4%s13 NYC N Y CentLS e NYC &St Ldbds.. New Haven c d 6s. . N Hav&H clt 65 40. N Y Ont W 1st ds NY O&W gen 4s 55. Nor & S gen 5s 54 Norfolk & W en 4s. Northern Pac 3s... Northern Pac 4s. .. Nor Pac 4165 2047... Northern Pac 5s D. Northern Pacr 1 6 Ore & Calif 15! ; Ore Shott L rfs 4s. Ore-Wash 1st 4s. Pennsy | Pehnsyl gen 41%s. . Pennsyl gen 5s Pennsyl gold 7s Pera Mar 1st 4s 56, Pere Marq 15t 58 PCC&SLLE PCC & St T Por RL & P 65 47 Reading zen 4148.. | Rio G W st 4s.. RIATk &L 4" St L IM&S 45 29 St L IM&S R&G 4s. StL&SFpldsA.. StL&SF prin5s. StL&SF5%sD StL &S Fadj és. StL &S Finc 6s. StL&SFplbsC StL'S W con 4s St P & KCShL 4%s San A & Arn P 4s.. Seab A Liref 4s.. Seab A Loadj 5s.. Seab A L con 6s. Seab All Fla 6s. Sou Pac 48 29. Sou Pacudc ref Southern Ry gen 4s Sou Ry Con 5s 94. Sou Ry 6556...... Southern Ry 6%. Sou Ry Mo & O 4s Term Asso S L 48 TexArk F'S 5%s 50. Third Ave ref 4s. Third Ave #dj 5s. Tol St L& W 4s... Tol Tr L&P 5%s 30 Union Pac 1st 4s. Union Pac 1st rf 45 Union Pac 48 27.... Union Pacific cv 6 VaRy & P 5s. Wabash 1st 58 Wabash 5%s 7 West Maryland 43 Western Pacific West Shore 1st 43.. Wheel &L E cn 4s. Wisconsin Cent 4s. ~rerfanBemmtamal nnGeedNenwnana 1 aw - @ 8 83 92 4% 105% 504 4% % 974 100% 100% 1054 1021 87% 92% 92 9414 1017% 804 4% 91% 97 100% 100% 104% 102% 97% 106% 99% 4 107% 105% 68'% 061 98% £8% 8T% 2% 2 MK 105 80% 4% 9% 97 100% 100% 105% 102% 107% %lin D S4% 107% 111% 9554 o4 102% 108% €5% | 91te o6 103 112% 100 9818 £6 101% 99%, 107% 102 11 106 824 ’ [Corvew vom BONDS o sennver] | FRENCH BOND LIST Received by Private Wire Direct to The Star Office. MARKET [ EADERS Belgian Issues Also Strong Today, With Junior Rails Active. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, December 31.—Buy- ing of French and Belgian bonds was resumed today and again provided the feature of the bond market. Obliga- tions of both countries were very strong and many new high records were set up, some of them for all time, FFrench 7s were conspicuous in tle uptarn, selling toda for the first time in their history at par. This is the most recent of the French govern- | ment external loans floated in_this country, having been originally offered wwember, 1924, at 94. The day's pr ? par represents a gain of not 2 only 6 points on the original price, buf an advance of 15 points from the reme low of 85 recorded in 1325 J t of the Seine s ch bond to change hands’ higher price than eve- before ecorded Belzian bonds went ahead with the The 7 per cent issue of 1955 sold above 102, whieh was a new high record, while the 6 crossed 97 for the first time this year. There was a hette also today in many of the junior rails The leader was Western Maryland 48, which had a brisk run up for a gain at one time amounting to a point and a h 1at a new high for the year. The November earnings statement shows that Western Maryland will cover fixed charges in 1926 more than | twice over. This good showing is due in part to abnormal coal traffic, but the road | has done no important financing for vears d the equities behind the - bonds have steadily increased. Chi- o Cireat Western 43 gained ke | wise. United States Government obliga- tions held most of their recent gains. but were not as active as earlier in the week. The third and fourth 4% Libertys were in greatest relative de- nd. A cash sale of the last named made at a new 1926 high. The ade first mortgage rails of the type of West Shore 4s and Central Pacific 4s were a shade higher. Domestic industrials were more ir- r. West Virginia Coal and Coke nd Remington Arms 6s were higher, but Cities Service Power and ht 6s and Brooklyn Manhattan 6és were lower. market REVENUES DECREASE. November Below, 11 lonthu_ Above 1925 for Hocking Valley. COLUMB Ohio, December 31 —Operating revenues of the Hock- alley Railroad for November, were $1,712,146, a decrease of 608 as compared with the same month of 1 An increase was shown, however, over the 11-month period, revenues for 1926 having totaled to December 1, an increase of $177,189 over the same period in 1t t railway income for ovember was $375,637. a decrease of 25, and for the 1l-month period £4,030,494, an increase of $801,121. Net income for November, which i fter all charges, was $265,769, a de crease of $66,133, and for the month period was 68, an in crease of $884,1 The operating ratio fe was 71, compared with for same month last yea month period was 69.4 per cent, com- pared with 73 per cent. NEW YORK PRODUCE. . December 31 (Spec: wherries were in limited today for the approaching A ldrge volume of the ar s, however, were in poor condi- tion and sold 0 per quart basket. On the other hand fancy stock realized as high as $1. Trading State cabbage was extremely slow. ces ranged for bulk white, $28 to per ton. Florida new crop brought $ to per 48-quart hamper. | Onion receipts were limited. Demand | was light and the market as a whole ally dull. New York yellows- t £3 per 100-pound sack. Despite receipts of celery, the mar- dull slighlly weaker. New offerings in the 1d §1 per two-third Little activity prevailed on market on barreled apples. At- s from all parts of the State limited and price changes were Ranges: Winesaps, tzenbergs, $1.2 v, $1.10 to $2 10; Delicious, $1 ewtons, $1.10 to § operating 1 November pry Flors receipt nd York to §2 0 to §2.65, and DECLARES EXTRA. /' YORK. December 31 (). L ind Rubber Co. declared dend of 6 per cent on the ock with the regular quar- per cent common { terly of MORE ENGINES SHIPPED. NEW YORK. December 31 (P).— 3: locomotive works shipped W electric locomotives in 4 the vear before. Of 645 were steam, 196 electrio soline PRICES ON PARIS BOURSE. raA 31 (A).—Prices 1 December per cent rentes, 5 1 London, 122 f or cont . 64 francs quoted francs 2 COTTON CLOTHS ACTIVE. ¥V YORK, December 31 (Spe- tton cloths were active to- t the standard print cloth criptions showed no change in ces. Raw silk also was firm and unchanged. GLASS PRICES CUT. NEW YORK, December 31 (#).— American Window Glass Co. has re- duced prices, an average of 18 to 18 per cent, in all territories. The cut met by Libbgy Owens Sheet centimes, Glass and Interstate Glass, . 2 TAYLOR IS ELECTED. NEW YORK, Dec:mber 31 (). H. Taylor has been appoint- vice president of United Gas In provement Co., effective February POULTRY MARKET WEAK. CHICAGO, December 31 (@e— v, alive, weak; receipts 5 fowls, 21a27; Springs, 20a%5: turkeys, 36; roosters, 18; ducks, 30- geese, 2 NEW YORK., December 31 (Spe- clal).—Crude rubber was quoted at 387 a pound at noon today. This lcmmnl'm: with 37 last month and 91 last year.