Evening Star Newspaper, January 21, 1927, Page 14

APKTHY S SHOMN OY CENERALLLT 20 or 30 Stocks Active. Wheeling and Lake Erie Shares Prominent. BY STUART P. WEST. Special Dispatch to The Star NEW YORK, January stock market continued tos Jow the same lines as it had all week Somé 20 or 30 stocks were active and | strong, while the bulk of the list dur- ing the greater part of the time was | The to fol Wheeling and Lake Erie stood out | more prominently than any of the other rails, while Colorado Fuel and | Iron was one of the main industrial of Wheeling | stocks sold at the highest they have | yet reached on the present movement The chief obstacle in the way of carry ing out plans that would involv Wheeling road in a consolidation thought to lie in the R or | holdings of Wh : I Street seems assur eventuall ie. but not illog this could done at high fizures | The idea that Wheel and Lake | Erie would go into a merger on terms Which would have little reference (o | present earnings is what is heing stressed day after day in the rise in Wheeling stocks. Colorado Fuel known as a Rockefeller Here ag the reason vance has heen souzht outside of earn | ings. mpany had a good first | quarter in 8. but it had a poor third | quarter. Net income for the nive months equaled $4.28. against §..76 the previous vear. There seems nothing impressive enough about the: figures 1o justify the rise in the stock above | 50, and this movement appeared to call, accordingly, for some other ex planation outside the dompany’s finan cial postion. On grounds similar to of the rise in Wheeling and Lake Eries the Western Marylands con- tinued to be bought. Other low-priced issues which were sympathetically af fected, were Gulf, Mobile and North ern and Peoria and Eastern. Release from the grip of New York Central interest as represented by B'g Four has long been the dream of the Peoria and Eastern minority shareholders. Fluctuations in the motor group dur- ing a good part of the session weréd comparatively narrow. Timken Roller Bearing, which had heen so con spicuous on previous days. appeared to be running into profittaking. The annotincement of the new Consolidated Gas financing had been so wel! an ticipated that it had little effect on the gas shares. Among the specialties Collins and Aikman made a new high for the movement and operations for | the rise made a little headway in Internat'onal Combustion and En- Eineering. —— DRY GOODS ADVANCE. NEW YORK, lanuvary 21 (Special) —Cotton goods muarkets were - fairly active today, as print cloths advanced 14 at Tc for the siandard 64.60s. The 68-72s were unchange:d at T%c. Raw silks advanced 5 voints throughou: the list in quiet trading RUBEER LOWER. NEW YORK. laauary 21 (Special). ~Crude rubber, smoked ribbed sheets lined lsc at todiv’s noon quota- n of 38%c. This compared with | ¢ a month ago and 74c a year ago | is also | property | the ad | and Iron those back | | { | i | | { | | - POTATO MARKET WEAKER. CHICAGO, January .1 (#).—Pot: foes: Receipts 117 cars, on track 2 total United States shipments, 65 cars; demand and trading very slow, | weaker: Wi round whites, 2.10a: $.20: ldaho sac y 2.80a2.8! SILVER QUOTATIONS. _NEW YORK, J v 21 (®).—Bar silver, 56 3 , 43, mostl CHICAGO, January 21 (#). — But ter Jower; receipts 7.046 tub ery extras, firsts, 46a46%; firsts, 441,a45; seconds. 42a431,. Eggs lower: receipts 14,807 cases: firsts, 37% firsts, 35a 36; refrigerators, UTILITY STOCK JFFERED. NEW YORK, January 21 (P).—Pub- Mc offering is being made today of $12,000.000 Indianapolis Power and Yight Co. 63 per cent cumulative pre- ferred stock at 98 and accrued divi- dend. to yield more than 6.63 per cent. A syndicate headed by Chase Securi: | tles Corporation is marketing the | stock, which is one of the largest pub- lic utility issues brougnt out in months. POULTRY PRICES STEADY. CHICAGO, January 21 '(P).—P try, alive. steady; receipts, one prices unchanged. TREASURY CERITFICATES. (Tiepoited by J. & W Sellgman & Co.) Bate—Maturity o 38 Mar 1o i 5 1¢ 5 18 8. 192700 FORFIGN EXCHANGE. (Quotations turnished oy W & Hibbs & Co.) Nominal Selling checke cold value today $4.8665 $4.951 00 : 103 0308 London. pound 3 on: dol aris. tranc russels. {ranc. rlin mark .. Rome Zurich, ura 161 Vien 00001444 Brdapest . 00014 14 Prague. crown ... erown. . crown ¢ olm. crown SHORT-TERM SECURITIES. (Reported be J & W Selleman & Co.) 0011, — Atum. Co ot & 1 Amer 7 Am. Tel el C % i } i3 1087 FINANCIAL. | Am Cargrdy | ACEppfefsiiy | am Meatala c4). | Am Radiatar(5) Certain-Teed (4) | Chand-Cleve.... | Ches & Onto (112 | Cni& alton.. | Chi MEI&SLP. | ¢ni Pne Tool (8) l;}: 131% 131 | Christie B (1.20) { Cont Mot (80c). | Crown-Wil 1st o Crucible pf (7).. 103% 1 | Cuba Cane Su of | EPaLpt 0% (7) THE EVENING STAR, WASHINGTON, D. C_._,_,_FRIDAY. JANUARY 21, 1927. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open High 85 %5 684 70 130% 131 30 30 4% 4% 10's 10% W% 136 136 9k 92 16% 16% 34% 34% 13% 13% 48% 22% 13% 38 38 47T 46% 101% 101 130 130 26 26 37% 37%. 10% 10% 130 21 Low Close. 85 85 68% 70 130% 131 30 30 4% 4% 104 10% W W 135% 135% 1% 16'% 344 13% 47% 22% 13% High. Low. Close. 108 108 83 83 53% 63% 837 84 1% 1% 44 44% 115% 115% | 97U 9" Open 108 108 B3W Baw b4% bBd% 83 844 1% 1% 44 a4 115% 115% 9% 9T% 149% 160% 121% 121% lgen ATCpf (T). Gen Asphait Gen Clgars . Jen Elec (h3). . JenBlec sp(6ic) Gen Gas Acellg) Gen Gas pfA(8) Gen Gas pf B (7) Jen Motor(t11) Fen Mot pf (T) Gen Ontdr Ad(2) Gen Outdr A (4) Jen Ry Sie t3 Gen Refrac (3).. Gitdden 21 2n0drion R (4) Goodrich pf (7). sdnm s H.2,) Iathamrts ... Gould Coupler A iranby Consol. . 3rt North pf (5) Gt Nr Ore(t14%) Irt Westn Su (8 Jreen Canan.... INE Mo % N Abitibi Pow (5). Abranmastraus Adame Exp (6). Adv Rumley . Ahumada(t60c) Ajax Rubber. ... Ajax Rubber rts Allled Chem (6) Allls Chalm (8). Amal Leather... Amerada (2) . | Am Agricul Chm | Am Bank N (+3) | Am Beet Sugar. | Am Bosen | Am Br Bov BI(2) | Am Can (2). 121 3TH 567 874 41 19 461 9914 59% % 915 32% 85% 5% 20% 20% 13% 38 . 46% 101 AmC& Fpf (1) Am Chatn A (2) Am Chicle (3). .. Am Droe .. Am Express (8) \™ & For Paw 130 26 3% 10% 130 21 83 A1 31 39 8% 107% 109 120% 121 120% 76 1% 16 4a3% 4%% 43% 59% 59% 58% 110% 111 110% 51 51% B0% B 57k 0% 140% 139% 121% 121% s am Hide & 1, pf Am Ho Pr2 40). Am Interna:l. Am La Fr(n... Am Locomot (8) Am Loco pf (7) Am Mach & Fdy Hanna ist pf... HartmnB (ke 40) Havana Bl rets Hav El ctfs (6). Haves Wh(131) Helme G W (+7) fIne & Cn A Househld (+315) Hanstan Of1 Howa Sound () Hnd Man (214) Hndson Mo(214) Hun Mot (140). iinots Cen (7) fndan O (1) 107% Am Po & Lt (11) Am Safty, R (13) Am Ship & Com Am Smeiting () 14 121% 45 139% 121% 21% 122% 12! S& Rof (1) Am St Fdvs (3) 3 Am Sugar (5)... Bl &2 814 Am Sumatra ... 45% 464 4d% Indian A 4 Am Tei &°Tel(8) 152 152% 152% i i i :: "r_:::m:n .r{l)’ W 122% 122% *| IndtanRate atrs acen B 1 [ Am Tomme mr 18) 112 Intenntt Runi ) Am Typ Farse®) 133% 137 nt R Ma #31 Am W W (el 60 664 67% Tnt Comant (1) Am ::,v"(:‘:x I 1“140_‘_- e nt Coment nf(7) 264 “nt Com Bne (91 Am Wani of (1) 80 Int Harv (16). .. Am e % Inter Har nf (7) A")"‘,":::)"“ S fntMteh nfig 20) Archer Dan (3). 41% ot Niher (o Arch-Dan pf (7). 10 Tnt Paper (2) Armour of 1A, 15% Int1 Shoe (7). Armour of HI(B) 84 int Tel & Tel (8) Art Metal (1115) 22% 22% 22% 5 Amso Dry Ge21) 424 424 41% Tewel Tea...... Atchison (17%). 168% 169% 168% Tones Rros Tea ke A o Jones & Lau (7). Allaar € L (10) 1031 193% 192 Tordan Motor.. AtIGulf & WI.. 384 384 AtlGulf&WI pf. 36% 36% 36% m’;:‘r"; 7;"\'"" Atiantic Refing. 112% 113% 1124 Ravser nf (%) ... 4 8% 8u B4 edl i Atias Tack. ... i 8w 8 Rannenare = (5) Auto Knitter % = Kinney (G R)... Jmidwin L (7) . 145% 148 148% 147% ) Krafe (1 1%) 8atd Loco pf (1) 117 117 117 . 117 | Kreazs 8%¢) 20y Balto & O (16%) 111% 112% 1113 112% Bang & Ar (3).. 48% 49% 48 49 Barnsdall A (2). 32% 32% 31 31% Barnsdall B (2). 29% 20% 8% 28% Aavnk Clgar.... 52 52% 52 b2% Bayuk 1st pf (7) 102, 102 102 102 teidine Brosi3) 4‘2,‘ 3 20t e lehem Stéel 4€% Both St of (11, 1074 108% u‘);% u‘)gu Blumenthal pf.. 45 43 5 Bon ‘\m: ‘nl.) 54% 54% b4% 5a% Booth Fisherles. 6% 6 6% 6% Brives Mfe (3). 31% 81% 81 - 31 Rkin-Edison (8) 150% 150% 150% 150% Blkn-Mn Tr (4). 70 T0% 68% 68% Bkin Un Git11). €214 €2% 92 924 Brunswick Balk .;1';'/, &;;:/. :;Z" Brunswick Ter.. 13% 13% 13% Burns Bro (10). 124% 124% 124% 124% Burronshs (t4) *122% 123 1224 123 Bush Terminal.. 32 s.‘m 32 3f,~¢. Butte Cop (50¢) 2 Butte&Super(2) 10% 10% 10% 10% Byer & Co... 3% Atk 43% 4% Calif Packg().. 67% 6T% 6% 6T% «:::; Potroli2)y.. 1% 31% 816 814 Callahan Zinc... 2% 2% 2% 24 Calumet&H(11) 16 16 16 16 Can Dry (c2%). 28 38 88 88 Can Pacific (10) 168% 168% 168% 168% Case Threshing. 139 139% 139 139% rentral Alloy(2) 28 28 2T% 2Th vent Leather pf E5% 66 E5% 66 Cent Leathrctfs 8% 8% 8% 8% Cent Lea pfotfs 54% 55 + B4l 65 Century Rib M éfh :a& éf‘ ;32 Ci % 61% Cerro dePas: f AR 9% 9% 9% 9% 2y £2% 22% 224 160% 161% 160 160 6% T w% 7 9% 11% 9% 10% 4T% 46 4T% 9% 10% 26% 2T% 11 11 20% 20% 21% 21% 82% 131% 4% T3% T4% 967% 96% 96% 96% 104% 104% 104% 104% | 52 52 b2 52 85% ' 16 354 86 40 40 40 40 41% 41% 41% 41% 62 62 62 62 170% 170% 170% 170% 70% 1T0% 69% 69% 40 140 140 140 49% bO% 48% 48% 881 B88% 88% 884K . 3% 3% 3n 3% 6) 100% 100% 100% 100% 9% 70 69% 69% 1% 1% 1% 17% 84 84 84 84 244% 244% 242% 242% 18% 18% 18% 18% 53% ©63% B63% 53% 80% £l 80% 8l 1% 1% 1% 1% 4% 106% 104 104% 3% 3% 3% 3% 71 71 . 68% 69% 8% &% 8K 8% %% 95 92 93 7% % 1% 7% 139% 139% 139% 1393 12 12% 12 12 ) ATH 47T% 4T 4T% | 61% 61% 61 61 90% 90% 90% 90% 9% T9% 9% T9% 03% 103% 103% 10 10 10 48% 32% | 27% | 18 52% 109% 10 26k 127% 48 41% 4 107% 107% 15% 16% 8% 8 63% 38% 39% 5614 160 126% 55% 15% 119% 19 1124 8% f Ladlede Gas rts. Lambert Co (5) Tehieh Val((t5) Leh&Fink stf(3) -37 Life Sav (160), . Tizzett & M(4) fle & MR+, Utz & M of ()., T.ima Faco (4) ., i Carb (3 60). T.oew's Ine (+3). 121% 6% Loose Wiles. Torrillara (§RY Lorillard pf (7). Lontelana ON La Ol pf (6%).. Tont=GasA 1 75) Louts & Nash(7) fndlum Steel(2) McTntyre P (1).. McCrorvB(11.60) Wack Troeks (8) Mackay pf (4) Vacv H R & Co Maema Con (3). Mallison & Co. Manati Snear. Manat! Sug pf Man E! Sup (5). Man Bl m e (D5) Man Shirt (1%). Aaraeathe O11 .. Market St prior. Mariand O11 (4). Marin Rock t215 Mathleson (4) May Dept (n)... May Dept Srts.. Vavtae Co (2).. MetroG pf(1.89). Mexican Seabd. . Miam! Cop (1).. Mid-Continent. . Mi1ddle States. .. AiA Srates Ol ot Midland pf(+12). Miller Rub (2).. Minn & St Louis MStP&SSM 11(4) Mo Kan & Tex. . MoK & T of (8). Missouri Pacific. MissouriPac pf.. Montgmry. W(4) Moon Motor..... Mothr lode(75¢) Motor Met(3 60). Motor Whi (2).. Nash Motor (4). Natl Aeme Nat Biscuit (5). Nat Cash R(A)3. Nat Cloak & Suit Nat Cloak pf (7) at Dairy (3)... Dpt Stores. . at Distillers. .. Nat Enamel & S. Pw&Lt(80c) at Supply (+6) Nevada C (1%). NY Alr Brake(2) N Y Canners.... NY Central (7). NY Chi&StL(11) NYC&StL pf(6). NY Dock. NY NH & e NYOnt& W (1) NY Rysgpart cfs. Niag Fof (1%). Norfolk South. . Norf & W (110). Norf & W pf (4). NthAm b10% stk North Am pf(3). NorAm Ed pf(7) North Pae (6)... Norwalk Tirt Orpheum Cir(2). Otis Elevator (6} Otis Steel....... Pac Gas&ISl new Chandler pf(2% ) Chi & Alton D"{v £ Chi & Bast 111 o Chi Great West. 9% 10% Chi Gr West of ;’{‘n 21 21% 21% 821 82% 82 2% 2% 1 1% 1% 1% 1124 1126 112% 112% 323 891 82y 2% 3% b1% 61% 354 364 984 98Y 417% 42% 95 95% 634 634% 10% 10% 4% 4% 841 34%° 22 22 67% 67 5% 5% 9% 98% 41% 41% 19 65 6 261 19% 27 21 865 14% 424 19% 14314 190 1034 344 45% 25% 13% 28% 39 160 324 3% 61% 26% 28% 42% 95% 63% 10% 4% 34% 22 67% 5% 99% 41% 19% 5 6% 25% 20% 27 21% 87 ht & Nwn (4) Chi R | & Pac CRI&P (6)... CRI&POf (D). Childs (12.40).. Chile Cop (2% ). Chrysler Corp(3) Cluett Peab (5). Coea Cola (7)... Collins & Aik(4) Collins&A pf «7) L Col Fuel & lron. Col Gas new (5). Col Gas rts. . Col G&E pf A( Col Garbon (4).. Com Credit (1).. Com Cr 18t(6%) Com Solv B (8) Congoleum N Congress Cgr(3) Con Cigars (7). Consol Distribut Consol Gas (5).. Consol Textlle. . Cont Bakg A (8). Cont Baking B.. Cont Bak pf (8). Cont Can (16)... Cont Insur (8).. Corn Prod (2% Coty & Co (5) Crucible Steelt 10 48y 49 82% 82% 21 2T% Cuba Cune Sugar 2% 27 18 Cuba Co (4)..... Cuban Am ¢ Cuban-Dom Sug. 18 18 Cudany Pke 4). 62% b2% 52% Cushman's (4). . 108 109% 108 visouChem 29% 20% 20% 29y | DeeretiCo pE(7). 107 107 107 107 Dot & Hud (9).. 176% 176% 176% 176% Dol L & W (17). 144% 145% 144 1454 D RG Wstpf 45% 49% 46% 49% Detroit £d (8).. 133% 133% 133% 1334 Dodge BrosCl A. 24% 25% 24% 25 82y 821 824 821 9% 9% 9% 9| pulSS&Atlan. 5 5% 5 b4 SEANL. B S5 U8 Sfilvsom t . 178 174 178 173% | Du Pont deb (6) 107% 107% 107% 107% man (18)... 132% 133 182% 133 oo Axie (3).. 25 26% 25 26% wlectric Boat 4% 14 14 Elec Power & 18% 18 18y Elec P & L pf(7} 9% 96 96 104% 104% 104% 104% 344 83% 85% 8% 8% 8% | 667 66 667 | 22%* 20% 22y | 9T 9T 41 40% 54% b4% Srie 2d Pf. .. 49% 491 e Sums(Zig) 2Th 27% rie Stm S pf(7) 104% 104% 104 104 \Sureks Vac t4% 64 64 64 64 ks (3).. 42% 42% 42% 42% :::\:lfl?l(]l' 111 111 109 109% Packard (12.90). Pan-AmWaB(2) panhandle ... Park & Tilford. . Park Utan (80c). Pathe Ex (¢3). . Pentck&Ford(1) va Dixie Ct(80c) Pa Dix Ct pf (7) penna R R (3%) Penn-Seab Steel. Peoples Gas (8). Ppeorta & Bast Ppere Mara (18 pere Marg pf(5 Phila Co (4) Ihila & RC Phila&RC&I ¢ Pulip Mprris. . Paillips Pet (3). Phoenix Hoslery Pierce- Arrow Plerce Oll. . Plerce Petrolm. pitts St pt (7). Pitts & W Va(h) porto Rico Tob. . Dome Mines 5 efrig (c2) oo Sio Bat(16) End-Joho (6).... ingineers Pub S wogurs PS of(7) grie R K. wrie 181 0.0 98 41% 54% 49% | 28 | | the ! this | shares of the bank stock now owned Postum (6)..... | Pressed Stl Car. Pr St Car pt () Prod & Retines Producers&R pf. Pub Serv NJ (2) Pub SKE&G 0f(6) Pub SE Po pf(7) rullman Co (8). L&T(n1.40). 40% 40% E::g Mot I'uisuc) 29% 29% 10 Phoenix (6). 99% 99% First NatS(1%) 28% 28% Fisk Rubber. . 16% 16% Fisk 1st pf (7. 84 84 ¥lelschmn t2%. 47% 47% 79 9% 102% 114% 114% 185 186% 102% 1933 54 45 1 N Switt & Co. Bs Trnioa ‘il of Calif | ‘nion Pac. R K, ¢ & as o, st'l Cor r Bihw 1038 1014 Bizs 1948 97 79 $8% | punta Aleg Sug. 39% | pure Oll (12%). 31% | Pure O11 pf (8).. 6% | Purity Bak A(3) 47% Purity Bak B(2) 68% 68% 89% 39% 30 31% ¥ 1 48 Freeport Tex (2 Gabriel Sn (3%). Gardner Motor... Gen Am Tnk (3). 44% 43% 4% 204 28% 28% 12% 112% 112% 112% 47% 4% AT 4T 42% d2% 424 42% " SENTIMENT ON McFADDEN BILL HIGH AS HOUSE DEBATE NEARS Melvin A. Traylor, President . of A. B. A, Here to Attend Monday’s Session. Commercial National Com- pany Plans to Issue $500,- 000 7 Pct. Cumulative Pfd. DWARD C. : e looking forward to the McFadden banking bill debat® now scheduled to take place next Monday in the House and are planning to visit the Capitol in large numbers. The failure of the Senate and House conferees to agree on the Hull amend- ment brings the controversy back to House. The presence here of Melvin A lor, president of the American_Bankers' ciation, adds color of the situation, and he will, ot | course, iisten to the debate. Bankers | all over the country are exerting all possible pressure to get the banking measure passed in some form during fon of Congress. $500,000 Stock Issue Announced. The Commercial National Co., the | organization which is sponsored by the Commarcial National Bank and | began business last June, is to in-| crease its capital by an issue of $500,- 000 7 per cent cumulative preferred stock at par, §100 per share. Stock- holders are entitled to subscribe for | o one share of this stock for each two | BY MELVIN A. TRAYLOR, ident of the Americ#h Bankers’ oclation, nmow in Washington in "'IT interest of the McFadden banking bill. on for the present action, which contemplated at the time of or- nization. Rights of stockholders to subscribe for the new-issue expire on February 1, after which all shares not sub- scribed for will be offered to the pub- lic. Application will be made to i stock_on the Washington Ex- The Commercial National by them. The new stock is subject | to redemption by the company at any | dividend period after three years at| $107 per share. ! President R. Golden Donaldson re-| c ports that in about seven months of | C active operation the company has made net profits of over $30,000. He has also notified his stockholders that the profits can be greatly increased by larger capital and that this is the cial National Securities Co., but this was fouhd to be too long and was shortened by charter amendment. Local Discounting Declines. Member bank borrowing in the local Fifth Iederal Reserve district con- tinued at an exceptionally low level during the week ended January 19. RediScounts at the Richmond Bank totaled $21,096,000, against $34,666,000 at the same time a vear ago. As a result chiefly of a $5,000,000 drop in gold holdings, the ratio was about 2 per cent below the previous week at 73.36, but was above last year, when it stood at 70.25 per cent. Departmental Bank Officers. At a meeting of the board of di- rectors of the Departmental Bank the following officers were re-elected for the coming year: J. T. Exnicios, pres- ident; Marshall O. Exnicios, vice pres- 5 | ident; E. W. Libbey, vice president; 105% | Clyde Reed, vice president; Louis A. 97% | Rosafy, secretary, and John L. Cope- 66% | lan, assistant cashier. e Schiavone Again President. 66% | 48 | At the first meeting of the newly elected board of directors of the Inter- national Exchange Bank held yester- {day. the following officers were elect- |ed President, Joseph Schiavone; vice | president and counsellor, Francis L. 592 | Neubec! cashier, Frank J. Kauf- mann, ant cashier, Miss Julia Kraus. * Securities Corporation Elects. The annual report of the Securities Corporation of the District of Co- lumbia showed total resources of $1,- 041,816 on December 31, 1926, as against $861,297 on the corresponding date in 19%5. After deducting for taxes, a profit of $41,767 was shown Ifor the year, and with dividend pay- 17% | ments totaling $29,532, the year ended 108% | with a surplus of $39,184. 124% | The following directors were re- 94% | elected; Francis G. Addison, jr; Ed- 78 lward C. Baltz, Diller F. Groff, John 55 |B. Harrell, Sol Herzog, William A. 58 {Hill George H. Judd, Arthur D. 394 | 49 76 76 a1 41 991 100% 40% 40% Radlo Corpof A. 49'% RS1ICefs (4). Rand M (a3.04). Heading (§)..... Reading 15t(2).. Reading 24 (¥).. 45 45% Real Silk Hose.. 41% 41% Remington Type 125% 128 Replogle Steel.. 117% 12% RepIr & St (4). 61% 61% Rep | &S pf (7). 99% 99% Rey Tobac B(5). 122% Rossta Ins (6).. 83% Royal D (23.078) 52 Rutland pf (1).. 50 Safety Cable (4) 66 St Joseph L(13). « 41% StL & SanFr (7) 104% StL&San F pf(68) 97% St L Southwest. 647% St L Swn pf (5). Savage Arms. Schulte (3%)... Seaboard Alr L. Seab Air L of... Seagrave(el.20). Sears-R (D2%). Seneca Copper. . Snattuck F G(2) Shell Unton (12) Shell Un pf (6).. Stmmons( 12.25) Stmms Pet (1) Sinclair Ofl.. . Stnclair pf (8).. Skelly Of1 (2)... Sloss.Sheff (6).. Sloss-Shf pf (7). South Port S (8) Sou Calif Ed (2) Sou Dairles A(4) Sou Dalrles B... South Pac (6)... Southern Ry (7) South Ry of (5). Spear & Co pf(7) Std Gas & El g3. 8td G & Bl pf(4) Std Ol Cal t2% . Sta Ofl NJ(+1%4) 39 Std OiIINJ 1stpd 39 Std Ol NJ pf(7) 116 Std Ofl NY<1.60) 33% Std Plate Glass. 3% Sterling Prod(5) 95% Stewart War (6) Stromberg (6).. Studebaker (5). Submarine Boat. Sun O1l (11) Superior O11 Superior Stl(2).. Sweets of Amer. Symington A(2). Telautogra (60c). r'enn Copper (1) Texas Co (3).... Texas Corpn (3) Tex Gulf Sul (4) Tex & Pacific... Tex & PacC& O Tex Land Trsta. 59% | Marks, Fred McKee, Laurence Mills, Julius I. Peyser, Sidney W. Straus and William Sullivan. Mount Vernon Bank Officers. The directors of the Mount Vernon 6% | Savings Bank have elected these of- 51 ificers for the coming year: R. Golden Donaldson, chairman of the board; William Muehleisen, president; Wil- liam H. Johnston and E. C. Davison, i vice president and cashier; Robert T. Highfield, Frank W. Lee and T. Ed- win Norris, assistant cashiers; L. M. Madigan, controller, and Hayden John- son, counsel. Chevy Chase Bank Elects. The directors of the Chevy Chase Savings Bank have elected the follow- ing officers: Frederick I. Farring- ton, president; Thomas W. Perry and Joseph A. Burkhart, vice presidents; Horace E. Trotch, jr., vice president and ‘cashier; Paul Sleman, counsel, and Clyde D. Garrett, secretary of the board. Federal Storage Officers. The directors of the Federal Stor- age Co. have elected these officers for the year: E. K. Morris, president; Robert B. Hall, vice president ard general manager; Hardld N. Marsh, vice president and counsel; James M. Johnston, secretary-treasurer; S. Web- ster Adams, superintendent; Henry B. Hall, assistant manager, ard E. Hilliard Macomber, assistant sacre- tary-treasurer. Insurance Company Trustees. At the annual meeting of the’stock- holders of the Home Plate Glass In- surance Co. of Washington, held yes- terday, the following trustees were elected for the ensuing year: Byron S. Adams, H. H. Bergmann, Charles t. Brown, Albert J. Gore, Charles E. Hood, John B. Larner and William H. Somervell. The board subsequently organized, naming the following offi- cers: John B. Larner, president and attorney; Byron S. Adams, vice presi- dent, and William H. Somervel, sec- retary-treasurer. afe Investments Stressed. This is Safe Investment and Make a Will_day in the Thrift week pro- gram, Y. E. Booker being chairman of the subcommittee. It was featured by posters in banks and Government buildings and in many other business offices._ First-class speakers will con- tinue to spread the thrift gospel again this evening. Tomorrow is “pay bills promptly” | day and Sunday “share with others.” Trading Broad on Exchange. Trading was very ‘broad in both bonds and stocks today. Capital Trac- tion sold at 103% and closed at 103%. Thirty-five shares of Riggs Bank stock chahged hands at 465. Merchants' Bank and Trust came out at 150%. Federal-American Co. common sold at a new high, 33%. Mergenthaler reg- istered 110 and Lanston 94. Ten shares of Merchants' Transfer and Storage sold at 114%. The newly listed Gas s, series B, were out again, selling at 103%. Po- tomac Electric 7s changed hands at rranseont Of1 Twin City (5) Underwood (4). Un Bag & Paper. Union Carb (6). Union Of} Cal (3) Un Paelfic (10).. Un Pacific pf(4). Union Tank (n). Utd Cigar S (c2) Utd Drug (8)... UtdDrg 15t(3%) United Fruit (4) USCI1P&F(10) USCIPpDL (7). 8 Distributing Hoft (13%). Alcohol (5). Reaity (4).. Rubber Rub 1 Smelt (3%) Smpt (3%). U 8 Stee) (7). 1 USSteel wi. U S Steel pf (7). Universal Pipe. . Ut! P&Lt A (e2). vanadium (14).. v 4% 63% 46% 42 % 1014 B4% 163 80% 9% 96 167% 59% 115% 212% 114 57% 56 81% 63% 59% 107% 35 45% 1661 113% 11315 130% 130% | 30 30% 29% 20% 3% 38% 6% B56% 38% 384 98% 981 9% 92 9% 9% 83% 83% 44% 45% 9% 9% 68 u u [ [ u u u U Victor Tik Mch. . Viet'r TM pr pf 7 victor cv pf (6). Va-Caro Chem. . Vivadou (3)..... wabash...c...o © wabash pf A(5). wabash pf B...o waldort (1%).. walworth (1)... Ward Baking B. ward Bak pf (7) warner Bros.... West Maryland. West Ma 2d pf. West Pacific. West Pac of Westinghse (4) weston Elec. Weston A (2).. Wheel & L Krie. Wheel & L K pf. White Bagle (2) White Mot (4).. White SM pf(4). Wickwirectis. .. willys-Overland Wilson & Co..... wilson & Co(A). Wilson&Co pf(7) Woolworth (5).. Woolworth wi( wortho Pump. .. Wright Aero (1) Wrigley (13%).. & Yale& Tne (16). 72 Yellow Tr (150). 27% 6s at 108%. at 98%. Today’s Financial Notes. 25| Latest reports are that the banks 73 |ot the country have already extended 27y | 17,000 loans on bonus certificates. Yol Tr&C pf(7). 95% The Northeast Building Association Youngstown (4). [ 87% 8% opened its new home at 2012 Rhode Island avenue northwest last evening Hourly Sales on N. Y. Market. 11am. 368,400 120.. 641,100 amid great enthusiasm. 1p.m. 910,400 2 p.m. 1,102,900 Georgetown Gas s sold Francis G. Addison, jr., addressed High Sehant cagtarday on “Thrift." vice presidents; William R. Baum® 106 and Railway and Electric general 700 students at the MacFarlane Junior ' , | N NEW YORK BO DS STOCK Excumcnli Received by’Private Wire Direct to The Star Office, Sales. High. Low. 3107 107 21 96% 964 30 107% 107% 6 99 99 Vertientes Sug 7 4 99% 99% Warner Sug 78 39..226 921 90% Warner Sug 78 41..109 102% 1024 West Elec 5s. . 16 102% 102% Westn Unlon 6%s. 7 112 111% Westinghouse 6s.. 23 1024 102% Willys-Ov 614833, 4 102 101% Wilson & Co 1st 10 1024 1024 Youngstn S&T « 21 104% 104% RAILROAD. Ann Arbor 4s...... 3 804 AL&S I cvt 48 05-55 10 89 Atcnison ad) 4s. 90% 907 Atchison gen 4s. .. 9% 04 AtlanticC Ll 4s. 92% 9214 Atjantic C L 1st 4 95% 954 Atl & Dan 1st 11 80% 80% 18 947 941 22 98 9Tn 15 102% 102 46 102% 10: 7 106% 105% 105% 26 102% 102% 102% 48 108% 108% 108% 1 94% Sd4% 94% 2 102% 102% 102% % 83% 83 M 5% 99% 95'% 99'% 99Y 118% 118% 118% 85% 85 85 108'5 108% 108% 105% 105 105% 102% 102% 102% 925 92% 92% 102% 102% 102% 99% 99% 99 98% 984 7 2% 64% 63% 3:10. 107 96 107 2 99'% 92% 102% 102% 11| 102% 101% 102% 104% (*) This table carries quotatipns received up to 3:15 p.m. A com- plete table will be published in the 5:30 Edition. UNITED STATES. (Sales lsr-‘ 'n $1000.) ales. High. Low. 3:10. Lib3%s... 21 10114 1015 1018 Lib1st #%4s 33 103.13 1038 1038 Lib2d 4%s. 184 100 24 1002 1100 21 Lib8d4ys. 41 101 11 101 13 Lib ¢th4ls 57 103 22 103 24 ggs%s‘.. 2 103 24 103 24 Os i 3 106 21 10621 | 44852, 11027 110 23 11023 FOREIGN. Argentiness. ..., S5 Hish. Low. 3:10 Argentine 6s Ju 59, Argentine 6sOct59. Argentine 6s A Argentine 6s B Australian 6s Austria g Bank of C Belgium s Belgtum 6148, Belglum 7s... Belgium 7s ot. Belzium 7%s. Belglum 8s 23 80%" 80% 9 98 97% 98% 98 9T% 9T% 98% 9% 9T 9% 9TH B & O SwDIv 58 ofs B & O Toledo 4s Brdwy & 7th Av 6s. Bdy & Tth Avss cfs 93 Bklyn Manhat 6 98% | Buf R & Pitt 4% i 105% | can Nat 4348 30 101% | Canad North 614 104% | Canad Pac deb 4s. . 101% | Car Clinch&O 6s 52 100% | Cent of Ga 548 108% | Cent of Ga 6s. ... 108% | Central Pacific 4s. 98 | Cent Pac 1st 5s 90 99% | Ches & O cv 4%s. 105% | Ches & O gn 414, 107% | Chi & Alton 3s. 107" | Chl & Alton 3%s. .. 3 &Qgn4s58. 10 94 94 103% | Chi B & Q st rf 6: 106% 106% 106% 104% | C B & Q-I1l 3148 2 83 88 101% | Ch1 & B I1l gn 68 61 208 103 | Chi Gt West 4s '59. 103 | C M & Puget S 43 107 |CM&StP4s25.., 94% | C M&St P 45 35 ofs. 100% | C M & St Pdb 4s. 102 | CM&StP deb s cfs. 101%|CcM&StPgnss... 1074 | C M & St Pev 4%s. 27 109% | CM&SPeva 1432028195 1074 |ICM&StPrfats. 96 104 | CM&SP rf 4343 ct14 93 ;‘6 CM&StPcvbs... 26 99% | CM&SP cv 6s cfs 14185 Chi & NW ref 5s. 106% 101% % 104% 101% 100% 108% 108% 985% 99% 105% 107% 106% o Copenhagen 5%s. . Czecho 7% rot: Czecho 8s 1951 Czecho 8s 1952 ct... Danish Munie 8s B. Denmark 6s. DEIn5Ys N . Duteh FBast [ s 47. Dutch East I s 62, 1 Salvador 8s 48. . Winland = 4 109% 5 104% 1014% 83% ' 58% 59% 834 1% 58% 59% 59% % 59% 88 594% 59% 60% 60t 59% 59% Holland-Amer 6s. . 4 105% 105% Hungary 7%s. Ttaly 78 Japanese 4n. Japanese 8%s. .. .. Jergens UM 63 47. Lyon 6s.... Marsellle 5. Mexlico 4s 04 asntd. Mexico 45 10 asntd. Mexico 5s asntd Montevideo 7 Netherlands Ra 54 Netherlands 6s 72 Nord 8%s. Norway 5% s Norway #s 1948 . Norway 8= 1944 Norway 63 1952, Orlent Dev deb 6: Paris.Ly-Med 8s. .. Parfs-Ly-Med 7s.. Paris Orleans 7s. = 11 5% T34 15% 93% 93 93% 964 6% 964 91% 91 91'% Chi Unlon Sta 6%s. 20 118% 118% 118% Chi& W Indcnds.. 10 87% 8% §7h CCC&St L s. 1105 105 105 CCC&StLrfésA. 5 102% 102% 102% ; | Clev Term 5%s. 109% 109' 109% C&Sistes2y. 98% 99 | Colo & Sou 4%, 97% 9T 95 95 100 100 | 0L 101 100 101 Del & Hud 1st rf 48 2 Del & Hud cv 5s 35. Del & Hud 7s 30. Den & Rio G on 4s.. D Rlo G West §: Erie 15t cons 4s Erte gen 4 Erte conv . Erie conv 43 B. Erleconv 4s D. Erie & Jersey 6s... Erie Genessee R §s. FlaECbs 14.. Gr Trunk stdb s 17 17 11 10674 106% 108 S1% 9% 8% %3% 9214 991 98% 101% % 104% 841% 5% 105 104% 111% 124 1044 104'% 105 108 105 8% 83% 6% 8ik 81 8 81 87% 112% 112% 112% 112% 112 112% 100% 100% 100% 107% 107% 107% 115% 115% 115% 95% 95% 95% 103% 103% 103% 109% 109% 109% 114 113% 113% 22 20 99 £6% 941y 88 9714 108 108 108 102% 102% 102% Kt ™ 9 8% 19 824 €2 824 98k 984 984 106% 106% 106% 86% ¥6's 86% 77 6% 6% 53%5 534 53%% 2% 924 $2% 3% 73 100 89 Poland 8s. Porto Alegre 8 Queensland s Queenslana 7s Rhinelbe Un 7a.... Rio de Jan 8= 1946 Rio de Jan8s 47 114 12314 5% 104% 102% 104% - Green B & W db Hav B Ry §%s ret Hud & Man ref 5s.. Hud & Manaj §s... 111 Central ref 4s... 111 Cen 4s 52, 111 Cen %3 86..... 111 Central rf 58 55. 111 Central 5%s Int Rap Tran b Int Rap Tr 5s stpd. Int Rap Tran 6s... int Rap Tran7s... Int & G Nor 1st 6s. S8ao Paulo 1956, Saxon (PW) 7 Sefne 78 42. . . Serbs Crot Slo 8s.. Soissons 6s. Sweden 614 Swiss 5145 1946. Swiss Confed 8s... Tohn Flec Pow 7s TokioFS....oeunns 1td Kingm 51%s37. Uruguay8s....... 2 109% Yokohama 8swi.. 112 96% MISCELLANEOUS. Ajax Rubber cee 2 108% Am Azri Chem T%s 2 104% AmSmit & R 1=t 68 101% AmT& Tel tr 4 98Y% AmT& Tel tr 5 103% AmT&Tsf6s... 29 Am T & T deb 6%s. 22 Am Water WksSs. 1 Anaconda 1st 8s... 45 Anaconda ex db 7s. 14 Andes Cop 7s rets a3 Armour&Co 4%srf 12 Argour Del 5%s... Atlantic Refin §s. 4 Barnsdall 8s ctts. . 228 Bell Tel Pa 55 C. 6 Beth Steel pm 6s. . Beth Steel 515 53. Beth Steel Bklyn Ed gen 6s... Bush T Bldg 5= 60. Calif Pete 6%s.... Chile Copper 6s 32. Commonwlth P 8s. Con Coal Md 1st 5s. ConGasN Y 5%s.. Consumers Pow BonurnBw® 00 2 s 27 10 28 10 17 791% 1054% Iowa Cent 1st 5s. Kan City FtSds... Kansas City S 3s. 100 100 9% Lehigh Val cn 4s. LehighVgen4 s 03 Louls & N uni 4s... Louls & Nash 5%s. Louls & Nash 7s... Man Ry 2d 4s 2013. Market St 7s 40.... Mil EI Ry & L 5: M&StListreds.. MStP&SSMends M St P&SSM cn 5s. MStP&SSM5s38gtd M St P& SSM 6%s. MEK&T 1st 4s. M& & Tadj 5s.. MK&Toprin5sA. Mo Pactfic gen 4s. . 18 Mo Pac 53 1965 Mo Pac 65 49 D Mo Pac 65 55 B Nassau 3 Ry 4s57. NOTex&MGsB.. 91 108 95% 105% 105% 105% 101% 104% 104 99 99Y 102% 1041 100% 98 98 9 1017% 101% 101% 87% 8T% 8T4% 99% 99 99 1017% 101% 101% 9 8% 79 101 100% 100% 106% 106% 106% 107 106% 106% 62 61% 61% 100t 100% 109% 105 105 105 81% 80% 81% 91la 9% 9l 96% 96% 96% Det Edison 58 40... 2 Det Edison ref 6 11 Dodgew 186s.......105 91% | 87% | FINANCIAL. e [REND IS UPWARD INBOND MARKET All Important Moves on Side of Advance—Irregular- ity Noted. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 21.—While the bond market was still somewhat irregular foday all the important moves were on the side of advance and the general tone was better than on Thursday when large realizing sales had to be absorbed. Foreign issues took a prominent part in the trading with the Brazilian obligations as the leaders. The two Brazillan bonds in which speculation has been most active for the past two weeks, the 61s of 1857 and the 7s of 1952 both sold at mew highs on the movement, the former above 93 and the latter above 98, while the Brazilian 8s were firm around their recent top. The last named share with French 7is the distinction of being that rarity among foreign bonds, a non- callable {ssue. Next to the Brazils the German bonds were in greatest demand. City of Berlin 6%s sold at par which is their high and also the redeemable prices. Against these advances must be set a fractional decline in Greek 7s under an unusually heavy volume of offerings and the inability of the Italian 78 to further extend their re- cent gains. In the domestic part of the list the sugar bonds were conspicuous. War ner Sugar 7s of 1937, which had such & spectacular rise on the day before added to their gains nearl. points, but then reacted. The 7s of 1941 were heavily dealt in, but did little more than maintain their position. Bonds of the Cuban sugar-producing panies were higher, including Cuba Cane 8s, Manati 7iks and Punta Alegre . The feature among the oils was the Sinclair 614s, which were actively bought, reaching a new high on the recovery. New York Railways incomes were in the greatest relative demand of the local tractions. While United States Government bonds, were quiet, prices held firmiy around the record high. The first 4% Liberties and the Treasury 3%s equal- ed their record earlier in the session today. There was not much trading either in the high-grade rails, but here, too. quotations were well main tained. West Shores 4s, practically a perpetual issue, were up fractionally and at a new top for the movement. WHEAT PRICES RALLY AFTER WEAK START ot 93% o3| Heavier Absorption of Offerings Reported Due to Better Ex- port Business Outlook. i | By the Assoclated Press. CHICAGO, January ~—With indi. cations pointing to considerable new export business in North American wheat, prices averaged higher early today despite a weak start. Liverpool quotations were lower than due, but buying here readily took care of of ferings. Opening at 13 cent to 3 cent down, Chicago wheat rallied to above yesterday’s finish. Corn, oats and pro- visions were firm, corn starting un- changed and then scoring gains. European requirements of all grains are larger than have been estimated, it was contended today by some trade leaders. The fact was cited in this connection with Europe as absorbing feed grain, notably corn and barley, at rising prices, and Chicago rye is up 10 cents a bushel with export demand continuing every day. Liklihood of ‘corn crop damage in Argentina is attracting special atten- tion. Temperatures over the Argen- tine corn belt have ranged materially above normal for the last two weeks with practically no rainfall interven- ing. The stage of corn growth there is now at the period when ears are filling and moderate temperature with ample moisture is desirable, whereas continued heat and dry weather are injurious. September OATS May July Septerber RY May o 00C September WOOL INQUIRY GOOD. BOSTON, January 21 (Speciall.— Cables reporting strength in the eign wool markets are offsetting the bearish factor here of large stocks on hand, as disclosed by the Wool Trade Assoclation’s report. Mills are taking a fair volume of wool, both domestic and foreign, and slightly better ir quiry is developing for territory sorts. Choice fine territory combing wool was quoted today at 110al12 and o dinary lots at 108a119; French cor ing at 105, with grade lots at 105a1 half-blood at 97 to 102, three-eig DugL&T 5%s49. 2 Duquesne Light 6s. NYCrfim4%sis NYCentribs..... NYChI&StL 5%sA . NYChi&StL 5%sB. NYC&StL6sA.. New Hav deb 4s57. N Hav&H cit 6s 40. N Y Ont W 1st 4s. NY O&W gen 4s 5 N Y Rys 6865.....108 N Y Rys6s A 65. 4 N Y StateRy 4%s. 7 NYStateRy 6%s 62 NY W& Bosd%s. Nor & S gen 5s 54 Norfolk & W cn 4s. Northern Pac 3s. Northern Pac 4s. Northern Pac 6s D. Northern Pac r 1 63 Ore Short L rfs 4s. Ore Short L cn 5s. Ore-Wash Ist 4s. Pennsyl gen 4%s. Pennsy| gen 5: Pennsyl 5s 64 Pennsyl 6%s. Penpsyl gald 78 Peo & E 15t 4540, Peoria & E inc 4s.. PCC&StL 6s B15.. Por R L & P 6s 47 Reading g20 4%8 Rio G Westcl 4s. St L IM&S 4329 St L IM&S R&G 4s. StL&SIKplésA. 10 99% 99% 99% 107107 107 105% 106% 105% 106 105% 106 102' 102% 102% 72% T 72% 05 107% 9% 106 115% 106% 110% 4 121% 101% 100 102% t Goodrich 6%s. Goodyear 8s 1931.. 14 Goodyear 8s 1941... 3 Herghey 5%s. & Hoe & Co8%s. . HumbleO & R 5%s I1inots Bell 1st 6. Int Mer Marine 6s. 1€: Int Paper 68 47 Int Paper 6s. IntT&T6%s 4 Kan CP&L 6s A 52. 10 4% 104% 1 ki) 4% 304 84% 55% 1% 81% 914 93% 67 92'% 2! 106% 106% 114 113% 113% 98% 98% 98Y 107% 107% 1075 88% #8% 3% 100% 100% 100% 109% 109% 109% 108% 102% 103 2% 12 1124 5 106% 106% 106% 8 86 8¢ 43% 42 484 108% 108% 108% 101 101 101 981 081 85 8 | 983 s | 9% 93w | 86 o 101% 101% 10 102% 1024 102 100 29% 100 08% vl W9 [T 2 Ky oW TR 05! 8 12 4% 16 3 102% 103% 98% 2 8. 99% 92% 106% Loutsv G & 858 52 Manat Sug sf 7% Midvale Steel 6s. . - Mor’s & Co 1st 4%s Y Edison bs 44 ] son 8%8. s = Pan-Amer Pan-Amer Gas . StLS W conds32. & StP & KCShL 4%s 28 Seaboard AL dssta & Producers 3 blood at $8a91 and quarter-blood at 7880, clean basis. Ohio delaines are held at 45a46; three-eighths blood was sold at 451 and quarter blood at 45 grease basis. DIVIDENDS. ‘Ex s 100 S8t 105 D siaiad Mid. Pet. € 'pf Nat. Lead of Nor. C. Tex. v. o Packard Mot. : 01l b Doy 2 Sher-Win. Do, o W 'EDERAL LAND BANK BONDS Qualing BF Ay Bowa & Sons ot e i o alosing. o Public Service g o P Serv Gas 5%8 69. AT sy RETIE TTN LI ) 41 MW B R ) T T I TN 1 11 NP aTW aF 1T 10T% 10T% 10F Bl ennwmetabBane 0l =1 anBe® ofPow - Toledo Edh 1st 7 R g P