Evening Star Newspaper, January 23, 1927, Page 42

FINANCIAL. FINANCIAL. COTTON STEADIED |STEEL TONE EASIER BY TRADE REWARD! INWEEK'S TRADING Net Advances of 4 to 7 Points | Demand for Copper Tapers Shown After Early Drops Off and Market Is Re- Meet Rallies. ported Quiet. THE SUNDAY STAR, WASHINGTON, D. C, JANUARY 23, 1927—PART 1. NEW YORK STOCK EXCHANGE T e NEW YORK, January 22 (#).— WEEK ENDING JANUARY 22, 1927, POTATO MARKET DULL. CHICAGO, January 22 (#).—Pota toes: Receipts, 90 cars, on track Total United States shipments, d practically no demand or trading, |1 Net. Chge. market dull; too few sales to establish | a market. ———e Of 200.000 automebiles in Argentina, 95,000 are from America. The Wisconsin Central had a deficit of $105,494 Yor 1926 in contrast to sur- plus of $308,479 in 1925. ~1925-26— Hich. Lew. Stock and dividend. % Kevatonu & Rubber. Kinney (GR & Co... Kinney (G R) Co pf (8) Kraft Cheese (1 1%). Kresge S S (1.20). Kress S H (1).. b Kupperheim (i) & Co(2). Kuppen (B) & Co pf (7)., Laclede Gas pf (5) Lago O1] & Transpor Lambert Co (5). 1.ee Rubber & Ti SU0K% Lehigh Valley (13 e 1iehn & Rink (3) e 2 Life Savers (1.60) ;(",‘ Liggett & Myers (t4). Liggett & M CI B (14) Not. High. Low. Close. Chge. a1 44 n 16% 15% 16% 6% 99% ~1925--26— Low. 324 10% Year to Date, High. Low. 189.96 132,68 138.99 132.49 Last Week, igh Stock and dividend. 189.51 lss 25 Rand Mines (a3.04).. Ray Con Copper (25¢) Reading Raiway (5). % Reading 1st pf (2). Reading 2d pf (2)..... Real Silk Hoslery (4). Reld Ice Cream (3).. Remington Typewriter. .. Remingn 1st pf ser S(7).. iemington 2d pf (8). Replogle Steel. ... Republc! Iron & Steel (4) tepublic Irop & St pf(7). Reynolds Spring. Reynolds Tobacco sbert Reis & Co. ... sia Ins Co of Am (6) .. Last Week. Year to Date. .+ 9,101,510 32,427,681 8.417 605 30.110.142 Tow. Close. % % " 80% — 4% 84% — 1% 57% 60% — 60 34 Average price of 50 stock: Total sales. . Same Same period a year ago. . 1% period & year azo. b th % % 1% ¢ Net. Close. Chge. 85 - 2% + 3% +5 3 ) Net. Chee. + 1% + 8% W ~1925-26~ High. Low. Stock and dividend. 98% Columbia Gas pf A (6). 45 Columblan Carbon (4) 16% Commerical Credit (1). 21% Commer Credit pf(1%). 86% Commer Cred 1st pf(615) 20 Commer Credit pf B (2).. 21 89 Commer Inv Trpr (6%). 91% 76 Commerci Solvents B (8) 246 123 Congoleum-Nairn.. 194 18 401 Congress Cigar (3). 58% 53% 26l Consolidated Cigars (7).. 81% 80% 192526 lln. Low. Stock and dividend. 62 Abitibi Power (5) 43 Abraham & Straus 90 Adams Express (6)... 8 Advance Rumely 28% Adv Rumley pf. 4% Ahumada Lead (160c) €6% Alr Reduction (16). % Ajax Rubber % Alaska June: 96% Albany Paper pf (7 148% 80 Allled Chemical (6). High. Low. 5 85 63 126 131 10 10 .1311 321 33 4% 4% - % l'i-u. 137% 137% — 2% 10% 9% 104 + % 1% 1% 1+ W 100%; 98% 100% + 12 136% 133% 134% — 1 High. Low. Close. 101% 100 x100% T0% 67w T0% 1TH 174 174 22 8416 70 AR R 1004 24% By the Associated Press. | NEW YORK, % | creasing tr | market a 240 By the Associated Press. NEW YORK, January tone featured many ns of the P4+ January 2 —An in- de demand in the cotton | An easy 122% 117 Allied Chem & Dye pf(7) 97% T1% Allis-Chalmers Mfg (6). 111% 103% Allis-Chalm Mfg pf (7). 22% 14% 102 24% Amerada Corpn (2) 9 115 35% 343 Amalgamated Leather. . Amal Leather pf (7).. Am Agricultura) Chem 25% Am Agriculturl Chem pr 34% Am Bank Note (13). 53 Am Bank Note pf (3) 20% Am Beet Sugar.. 55 16 20y Am Beet Sugar pf. Am Bosch Magneto . Am Brake Shoe & Fy (6). 50% Am Brown Bov 861 Am Brown Bov 634 115% 91 130% 120 26% 31 28 14! 79 53 2 4 b3t 9, 20 53 90" 14 65! 42 50 22y% Am 88% Am Can (2) 180% 115 Am Can pf (T) 4 Am Car & Foundry (6) 13 Am Car & Foundry pf(7) ain Class A (2). & Am & Foreign Power Am & For Power pf (7) Am Hide & Leather...... ¢ Am Hide & Leather pf. % Am Home Pr (2 40). 1 Am Ice pf (6)... s % Am International. » Am LaF Fire Engine Am Linseed Am Linseed pf (7). 4 Am Locomotive (8) Am Locomotive pf (7). 14 AmMachine & Foundry. 1§ Am Metal () ... - % Am Power & Light (11). £9% Am Radiator (5).... 76 29% 6% Am Ratiway Express %« Am Republies % Am Safety Razor (13). 514 Am Ship & Commerce 20% Am Smelting & Ref (8).. 141% 136% 1384 + 105! 121 93% % Am Smelt & Refin pf (7). % Am Snuff (12).. Am Snuff pf (6) $7% An. Steel Foundries (3). 47% Aw Sugar Refining (5) £1 Am Sugar Refining pnn' 29% Am Sumatra . 130% Am Tel & Telezraph 8 Am Tobaceo (8).... £414 Am Tobacco Cl B (8). 104'a Am Tobacco pf (6). 103 102 Am Typefounders (8) Am Tynefounders pf (7). 84% Amer Water Wks (c1.60) 28 Am Water Works pf (7). 97% Am Wholesale pf (7). 19 6 Am Woolen. Am Woolen pf (7 15 Am Writing Paper pf 51 20 % Am Zinc Lead & Sm.. Am Zinc Lead & Sm pf. 25% Anaconda Copper (3). 26 £0'% Archer-Daniels-M pf (1) Archer-Daniels (3) £0% Armour&Co of Del pf(7). 13% Armour & Coof 111 (A).. 6% Armour & Co of 111 (B) 80 18 29 15 37 94 32 Armour & Coof 11l pf(7). Arnold Constable & Co. Artioom (3) .. Art Metal (1% 4, Assoc (v Goods (23 ) Assoc Drviiom 18t pf(6) Associated Ofl (+320). Ve 1164 Atchison T&SF (t.'l%) €215 \ieh ton NN ~ 328% o5 2 13 67 45 97% 90 818 52 54 Skepfia) w 15 Attanta Birm & At 268 147'i Atlantic Coast Line (t10) 103% 188 & West Indies. f&West Indles pf 15 Atlantic Refining 15 Atlantie Refinine pf ¢ Atlas Powder (+3).... % Atlas Powder pf (6). Atlas Tack 7% Austin-Nichols. . Austin-Nicho!s pf (7). . 101% 100 . 181 .. 153% 1524 153 . 122% 121% 122% + % .. 116% 116% 116% — 1213 1208 121 92% RO 91% + 1l 1 110 110 -1 e 181 16% — 4 108 106 + 2 '36% 34 S4m — 1% 13w 13% 47T 4T - 47% + 2 9 1014 + 129% 130+ 1 26 25% 26% + 884 37TW 374 — 361 864 36l + 1 10 10% 10% — 127 204 130 21% 894 814 51 31% 120 854 40 9 29y e 88 814 50% 30 80% — 1 1181 118% — 85'% 854 + 39 8% 8% 684 . 1094 105% e 120% 121 % To% TT% + 1% 424 43. 5% 57% 57% — 3 110% 110% — 2% R8Y 89 + 13 87 40% + 2% 50 50% — 4% 5% - % 1§ 12115 120% 1214 — % 125% 119% 122% — 4% 98 98 98 + 24 45% 44% 454 + W 82% 814 8lk 109% 109 109% 46% 44% 444 — l; % 44 60% 113 89 40% 54% % W 121% 1204 120% — 12% 112 112 187 126% 134 109 108 109 i 674 641 66 + 1% 109% 109%% + 2 103, 103 + % 25% 25% — 3% 7% 81 % 1% 1% + 8% 9% + % 43% 46% + 3 48% ATH 4T% — % 42 41 xdl % 8 5 R + & + . 107% 107% 107% o5% 9% 95 + % 15% 15 | R | 8% Th 8%+ % 83% 83% 83 25 22% 24 + 1% 50% 49% 50% 22% 22% 22% + % 42% 40% 42 + 1% 101% 101% 101% — % 49% 49% 49% 169% 166 167% + 1% 100 99% 99% — X % % %+ W 190 + 2% 0% 3T% 374 — 2% 37% 36% 36%W — 1% 115 112 112% — 1% % 62% 61 62% + 1% 98% 99% + 1% 8% — % 1% Consolidated Distributor. 2 1% 1% 74% Consolidated Gas (5).... 68% Consol RR of Cuba pf(6). 1% Consolidated Textile 50% Cont Baking A (8) 7% Cont Baking B.. 87 Cont Baking pf (8). 60% Continental Can (16) :;4 Continental Can pf ( 3 Continental Insuran (6) 8% Continental Motors (80c) 82% Corn Products (+213).... 118% Corn Prod Ref pf (7).. 443 Coty & Co (5). —— Crown Wil Paper ist (7) €4 Crucible Steel (6). 92 Crucible Steei pf 17) 7% Cuba Cane Sugar. . 3514 Cuba Cane Sugar pf. 28% Cuba Company (4)... 20 Cuban-Amercan Sug ( 15% Cuban Dom Sugar. . 51% Cudahy Packing (4). 62 Cushman’s Sons (4). 997§ Cushman's 32 Cuyamel Fruit.. 23% Davison Chemical. .. 82% Deere & Co pf (7). 133% Delaware & Hudson 125 35 110 31 Sons pf (7) . 178% Delaware Lack & Wn (17) 146% 144 Denver & Rio G West pf Detroit Edison Co (8). Devoe & RayndsA(2.40 974 Devoe & Rayds Ist pf (7) 101% 101 21% Dodge Brothers Class A. 73% Dodge Brothers pf (7)... 8 Dome Mines (2). 14 Douglas-Pectin (215 2% Duluth So Shore & A(I a 3% Duluth So Shore & Atl pf. 157 94 105 Du Pont De Nem (f12) Du Pont de Nem deb (6) . Duquesne Light 1st pf(7) 115% 1156% 115% 106% 104 69t 105% 6614 81y 92 3% 9% 2% 1% 487 47 120% 129% 613, 60% 90% 90 78 103 10 4% 32 129% 61 90 79 104 10 Fr++ 11+ 10! W lt)‘?"u 110 % 334 297 107% 176 144% 50% 44 49% 1364 133% 185 P++++ 10001 80% 107% 29 107 176 263 827 10 b3 5 % FE L+ L4+ 4+ 5 5l . 174% 169% 1704 106% Eastman Kodak (18).... 112 Eastman Kodak pf () 10% Eaton Axle & Spring 10% Elsenlohr & Bros. ... 89 61% Elec Auto Lite (16%). 4 Eiectric Boat Eisenlohr & Bros pf(7% 15% Electric Power & Light. . 891 Elec Pow & Light pf (7). 96 5 99% El P&L pf ctf 40% pd(7). 104% 104% 104% 33% Elec Refrigerator (¢2)... 60% Electric Storaze Bat (16) 6% 36 Fimerson-Brantgm A. Emporium Corporation. . 63% kndicott-Joanson (5). ... 19% Engineers Public Service 92 2234 Erie. 33% Erie 1st pt 30 Erie2d pf Engineers Pub Ser pf (7) ¥ 99% L::qulmhlaofsldx pf (7). 119% 119% 119% 21% Erie Steam Shovel (2%). 100 43 Eureka Vacuum (t4%% 26 Erie Steam Shovel pf (7) Yoo 14% Exchange Buffet (1%)... 32% Fairbanks-Morse (3).. 90% Famous Players-L (j8).. 103% Kamous Players-L pf(8). Fed Lt & Trac (n1.40)... 15% Ked Mining & Smelting. . 49% Fed Mining & Smel pf(7) 23 Fed Motor Truck (f80¢). 147% #1del Phoenix F Ins (6).. 91% First Pic 1st pf 19.44 28 First Nat Stores (1%)... 10% Kisk Rubber. 6% Fisk Rubber 15t pf (1) 32% Fleischmann (121%). 73% Koundation Co (8). 55% Kox Kiim Class A (4) 101% Franklin Simon pf (7)... 8 Freeport Texas (2). 25% Gabriel Snubber (3%) 4% Gardner Motor...... 39 Gen Am Tank Car (3). 96 Gen Am Tank Car pf (7). 42% Gen Asphalt 86% Gen Asphalt pf (5) 107 46 Gen Cigar (4) Geuneral Baking pf (8). 107% 107% 1073 133 123 26% 131 132% 119% 119% 35% 32% 8% 76 34y ER N 36 67 23 98 424 40% 42% 55% 534 55 50% 49% 50% 29% 27% 2 107% 104 104 65% 621% 63 15% 15% x154% 42% 40% 427 112% 108 108% 122 122 122 42 37% 40% 891 88 88 77 76% 77 30% 28% 100% 99 984 98 29 28w 28% 17 16% 16% 84% 83% 84 47% 46% 47 B1% 7% 78 70 67 67% 111 109% 111 39% 37 38% 314 29% 31% Th 48Y% 108 85 125 125 125 122 55% 53% x53% FEI**1t+1++¥¥t+) | + P+ ++1 11 i Liggett & Myers pf (7). fiima Locomotive (4). Liquid Carbide (3 60) Loew’s In¢ (13). Lott Inc. Long-Bell Lum Cl'A (1) it. . 15 Loose-Wiles Bis Loose- WilesBi| Lorrillard (§8). Lorrilard (P) Co pf (7). Louistana Oil Refining. Louisiana ()II pf (612)... tLouts € EICIAC1%) x.nmennn& Nashville(7) Ludlum Steel (2 McCrory Stores B (11.60) MecCrory St pf (7) Melntyre Pore Mines (1)’ Mack Trucks (6) Mack Trucks 2d p Mackay Cos (7)... Mackay Cos pf (4) Macy (R H) & Co. Magma Copper (3) Mallinson & Co. . Manati Sugar. Manati Sugar pf Manhat Elec Supply (5). Man Elev mod gtd (D5).. Manhat Elevated gtd (7). Manhat Shirt (1%)... Manila Elec Corp (2).... Maraeaibo O!l Explora. Market St Ry prior pf Marland Oil (4). Marlin Rockwell ( Martin-Parry (2). Mathieson Alkall (4) . Mathieson Alkali pf May Dept St (5) Maytag Co (2).. Metro Goldwin pf (1.89). Mexican Seaboard. ...... Miami Copper (1%) % Mid-Continent Petroleum Mid-Cortinent Pet pf (7) Middle-States Oil. 4 Middle States Ofl ¢ Midland Steel Pr pf(t12 Miller Rubber (2). & Minneapolis & St Louls. . Minn & St Louls ctfs Minneanalis St P &S S M 4 M StP&SSM lIsd lines (4). 119% 109 41 Missour! Kansas & Tex. Mo Kansas & Texas nf ®) Missourt Pactfic. Missour! Pacific pf Montana Power (5 Montana Power pf Montgomery Ward (4). % Moon Motor. . . Mother lode Coalit (%). Motion Pictures (1)..... Moto-Meter Cl A (3.60).. Motor Wheel (2) Mullins Body . . vash Motor (4).... tl Acme. Nat Biseult pf (7). Nat Cash Register A (3) Nat Cloak & Suit Nat Cloak & Suit pf (7).. Nat Dairy Products (3) Nat Dept Stores. . .. Nat Distillers Products. . Nat Distillers Prod pt Nat Enam & Stpg. . Nat Enam & Stp pf (7). Nat Lead (8). Nat Lead pf . Nat Power & Light (80¢) Nat Rys of Mex 2d pf. Nat Supply (16) Nat Sup pf (7). Nat Surety (t11) Nevada Copper (1%). N Y Alr Brake (3).. N Y Canners. . N Y Ceatral (7). . N Y Chicago & StL (11). 117% 17% 27 2574 % 104% 2% 1% 3% 1 31% 131 20% 64 — 110% 25% 89% 102 12314 1% T e B T+t Hx+||rr||+r.++»<. v*ili'r*+rl " T+ 14 L L et L b+ LI+ L4 1+ Royai Dutch (a3.078) Rutland pt (1). Safety Cable (4) . St Joseph Lead (13) St Louis-San Fran (7). St & S an pf (6). 5t Louls Southwestern. .. St Louls Southwst pf (5). shulte Stores Schulte Retall St pf as; caboard Alr Line. Seaboard Ir Line pf. Seagrave (e1.20)........ Sears, Roebk & Co (2%). Seneca Copper. Shattuck (Fraj ) 4 Shell Tr&Trad (a2.17%). Shell Union Oil (12). shell Union O11 pf (6)... Sherwin-Williams pf(7). Shubert Theater (5). Simmons Co (12%). Simnons Co pf (7).... mms Petroleum (1) nclalr Consol Ofl. Sinclair Consol Oil pt Skelly Oil (2) 0ss-Sheft Steel & Ir (6) oss-Sheff S & Ir pf (7). uth Porto Rico Sug(6). Porto Rico Sug pf(8). ou Calif Edison (2). Southern Dairies A (1) ¢ Southern Dairles B. uthern Pacific (6) . uthern Rallway (7) Southern Rallway pf Spalding (A G) 1st D!(fl Spear & Co..... Spear & Co pf (7). Spicer Mfg. . Standard Gas & El (g3).. Standard Gas & El pf (4). Standard Mllling (5). Standard Milling pf (6) Std Oil of Calif (12%)... Stand Oil of N J (t1%) Stand Oil N J first paid 5 Standard Oil of NJ pfi7) 4 ndard Oil N Y (1.60).. Standard-Piate Glass. terling Products (5). Stewart-Warner (6). romberg Carburet (6). udelmker Co (5) 110% ln‘h 104'1 13 52% 37% Sun Ol (11). Superior O11. Superior Steel (2) Sweets Co of America. ymington. ...... 4 Symington Class A (2). Telautograph (60¢) Tenn Copper & Chem exas Co (3). exas Corpn (3) Texas Guif Sulphur (4).. Lexas & Pacific I'exas & Pac Coal & Oll.. Fexas Pac Land Trust. Texas Land Trust (n). Lhe Kair (1.40). Chird Avenue. ... rhompson J C (3.6 Tidewater Oil (1%) vide Water Otl pf (5. Timken Roller B (15) Tobacco Products (7) Lobaceo Prod CI A (7) Franscontinentsl Ofl. Transue & Williams. Twin City Rap Tran (5). Twin City Rap Tr pf (7). Underwood Typewr (4) Union Bag & Paper. Union Carbide (6) Union Oil of Calif (3).. Union Pacific (10) Union Pacific pf (4)«. Union Tank Car (n) United Cigars (d2). United Drug (8). . 1 1750 18° P+ 1 i+++ EIEEAGE+ +t4+ 1 Pl ++ i +++++++ I ++++ I+ *1700 1700 T in was encountered today as the price of May contracts ap- | proached the 1314-cent level and early losses were recovered. May rallied from 13.51 to 13.65 and closed at 13.64, the general market closing very steady | at_net advances of 3 to 6 points, | The opening was steady at a decline | of 4 to 7 points. Active months soon showed net losses of 9 to 10 points under liquidation, Southern and local selling, the latter promoted by the easler ruling of Liverpool and talk of large ginning figures. Offerings were absorbed by covering and the in- creased trade demand noted at the decline. Eatly sellers evidently were disap- pointed by the failure of the bearish features to bring in more aggressive selling, and found contra compara- tively ce when they started to cover in the forenoon. March ad- vanced from 13.30 to 13.47, while July sold up from 13.71 to 13.87. or about | 6 to 8 points net higher. The close was within 2 or 3 points of the best. Private advices from the Southwest said ginnings between December 13 and January 16 might reach 11 or possibly 134 million bales and judging from comment in the trade here, fore- casts of the showing of next Monday’s census report were being increased. some traders talking a probable total of_around 16.700,000 bales. Private cables said Livernool had declined under hedge selling London and Manchester liquidation, hut there seemed a question in the minds of local traders whether this represented anything more than natural reactions from strength and activity reported earlier in the week. Reports that there had been good purchases of low grade cotton in the Southwest recently for shipment to Bombay with further inquiries pend- ing may have helped to steady the late market, but the sustaining factors most generally mentioned were the apparent persistency of trade buving on the declines and the continued absence of hedge selling in any great volume. The amount of cotton on shiphoard awaiting clearance at the end of the week was estimated at 128,651 bales, against 145869 last year. NEW YORK MARKETS. NEW YORK. January ®).— R\fl firmer: No. 2 western, 1.15% New York and 1.14 c.i.f. export. Bm ley strong: malting, 90%a92% c.if. New York. Wheat, spot firmer; No. 1 dark northern Spring, c.if. New York, all rail, 1 No. 2 hard Winter, f.o.b. New York, all rail, 4 duruin_do.. to arrive, Manitoba, Iake and rail, to arrive, 1.61, in bond. Corn, spot steady; No. track, New York, all rail, . ellow, do., 903, Oats, spot steady: No. 2 white, 571;. Other articles unchanged. BOOKINGS ARE HEAVIER. NEW YORK, January 22 (P.— Bookings of Westinghouse Electric and Manufacturing Co. for the final quarter of 1926 " were $49,800.838. against $39,771.326 in the same period | 1925, Billings were $52,436,518. compared with $43,815,097 JAPAN SHIPS GOLD TO U. S. NEW YORK, January 22 (@).— Japan is shipping $2,000,000 in gold to San Francisco by the steamship 22 3 steel market the past week. Steel bars were reduced in some quariers, while there continued to be m d competition for business in sheets, steel and strips at lower prices. The demand for iptions averaged better, with railroad, motor and agricultural rade buy- ing at the more attractive price levels. Otherwise business since the first of the year has been a disappointment, although t de estimated that there: were lirgs cantratis fab- ricated structural steel pending. Pig iron demand continued active: pipe shops again b freely and pros duction was well sold through the first quarter of the year Following recent activity mand for copper tapered oft market has been very quiet eral selling pressure has t dence, and leading producers maintained their asking pr cents for electrolytic necticut Valley points. In the abe sence of buying interest, however, prices have been shaded by some sellers with rumors of small lots at the 131;-cent level Tin demand was not toward the end of the week tone developed, with prices the low point of the month Lead was easy with London and St. Louis and leading producers toward the end of the week cut tract prices sharply. Trade fell off with the slump in valu Zinc recovered f cline owing to a the lower prices. Antimony ruled firm. Shipping difficulties as well as the Chinese political situation caused much nerv- ousness among buyers sumers were more active, where sellers named definite 2 dates. some desct impleme: - the de- ind the e and n easy re ng de- at n_ early better demand BUTTER TRADE DULL. Medium Grades Steady and Lower Kinds Are Firm. CHICAGO, January 22 (#).—In the * butter market today score ruled easy and unsettled, with trade dull. Medium grades were steady and lower grades were firm under a fairly active demand and stocks. Centralized %0 score cars ruled about steady, with demand only fair, but 88 and 89 score cars were full steady with only a few cars available. Fresh—92 score, 47 89, 45; 88, 441 7, 90 score, 46% DRY GOODS SALES GOOD. Higher — Finished Product Moving More Freely. NEW YORK, January 22 UP).— Cotton goods sales this week were substantially in excess of production in the gray goods division. _Prices closed higher. Finished goods are now begining to move more freely, especially in wash fabrics and dress goods. Raw silk was slightly more active. Silk goods are beginning to move a little better. New lines of Spring silks will be shown by a lead- ing styls house on'Tuesday. Burlaps were firmer, due to the sinking of a 91, 4614; 90, 4G; (‘enxral zed,, Prices Close “‘l‘ 1% Auto Knitter Hoslery 44% 12 AutoSalespf(3)...... 367% 92% Paldwin Locomotive (7). 119% 105 Raldwin Locoma f (7). 209% 71 Baltimore & Ohio (t6%). €27 Balt & Oho pf (4) 74 3K 23 Banzor & Aroostonk (3). 51% 45% 47% + 1% 89 Bangor&Aroostook pf(7) ms 104 106 + 2% 85 Rarnet Leather 2 42 +2 18% Barnsdali Cl A (2). £ am 30% 31 —.1% 16 Barnsdall CI B (2). . 29% 28% 28% — % £8% Bayuk Cizars 53% 52 52% + 1 9316 Bavuk Cigars 15t pf (7). 102 102 1024 + % %’ 5214 Reech-Nut Packinz 3). 57 B6% 56% — % 113% Beech-Nut Pack pf B (7). 114% 114% 114% 26% EBelding Brothers (3) 27 24% 24% — 24 57 Bethiehem Steel......... 4T% 46% 46% — % 93% Rethlehem Steel pf (7) lflfim 107% 107% — % 28 Bloominzdale Bros 40% 41% + W 40 Plumenthal pf. 53% Bon Ami (4). 4% Booth kisheries 20 Botany A. 24 Briges Ma 120% Erooklyn Edison Elec(8 $5% Broowlyn-Man Tr (4)... 68 Brookn Union Gas (111). 29% Srown Shoe (2).. 24 Brunswick-Balke-Collen. 3 Brunswick Ter & Ry Sec. 921% Burns Brothers Ci A(10) 17 Burns BrothersCl B (2). 91% Burns Bros pf (T)....... 100 100 100 65 Burroughs Adding (t4).. 122% 119% 122% + 3% 14% Bush Terminal.......... 33% 30% 33 + 2% §0 Bush Terminaideb (7)... 94 94 94 9615 Rush Term Build pf (7).. 109 108% 108% + 1% 4% ButteCopper &7 (50c).. 4% 4 4 — 3 6% Butte & Superior (2) 11 17 Butterick Co (m2). 53% + % 28 Byers 1A M) 4% + % 53 By-Products (2)...... 6% — % 66% California Packing (4) SNsi= 1 28% California Petroleum ( NY - % 1% Callahan Zinc & Lead. ... 2% + % 45 Calumet & Arizona (6) 61% + 1% 12% Calumet & Hecla (1%). .. 16% + 1% 8215 Canada Dry G A (c2%). 381 60% 57 Canada Southern (3) 59 % 170% 186% Canadian Pacific (10).... 169% 168 168% — % 176 24 Case (J 1) Thresh Mach.. 142% 134% 139 % 118% 60 Case (J 1) Thres M pf(7) 114% 114% 114% — 1% 33k 28%% Central Alloy (2)... 28 274 27% — % 103% 106 Central Alloy pf (7). 107% 107 107 23% 7 Ceutral Leather Co . om0 9 8% 7 Central Leather ctfs 8% %1 43% Cent Leather Copf...... 56 55 54% 50 Central Leather pfetfs.. 55 54% 65 240 Central R R of NJ (112). 299% 295 10% Century Ribbon Mills.... 121 11% 124 + 3 78% Century Rib Millspf (). 78 71 75 + 4 434 Cerro de Pasco (15)..... 61% 60% 6l% — 4 36% Certain-teed Products(4) 44 424 43% + % | 108% 108% 108% + % 10 9% 9% —1 rtain-tdProd 1st pf(7) 26 47% 23% 22 2% — 1% 81 Chandler-Cleveland. 20% Chand'er Mot pf (2% 178% 89% Chesapeake & Ohlo (112) 161% 159% 160% + % 171 105% Ches & Ohiopf (6%).... 162 162 162 8% Chicago & Alton. . 8 % + 1% 5% Chicago & Aiton pf. 1% 10% + % 88% 29% Chicako & East Lilinots.. 34 34 + 3% B7% 6% Chicago&East lllinois pf. 48 47% + 1 15 7% Chicago Great Western.. 11% 10% + 1% 32% 16% Chicago Great West pf.. “ 28 4+ 2 8% Chi Mil & St Paul. 10% — 7 Chi Mi! & St Paul pf. 21% + 1 7 Chi Mil & St Pctfs of dep 1% + 23% 12% Chi M&St P pf ctfs of dep 2+ 88% 474 Chi& Northwestern (4).. 82% — 126% 101% Chi & Northwestn pf (7). 128 + u 128% 80% Chicago Pneu Tool (6)... i 130% — 3 71% 40% Chi Rock Isiand & Pacific 3% — 1% 82 Chi Rock Is! & Pac pf (6) 96% 92 Chi Rock Isl & Pac pf (1) 104 - % 43 Chi Yellow Cab (4). 44 + 1% 74% 45% Childs Co (12.40). 52 37% 30 Chile Copper (234). 64% 29% Christie Brown&Co(1.20) 64% 28% ’hrysier Motor (3). 111% 93 Chrysler Corp pf (8). 275 140 CleveCinChi & StL (7). 125 105 Clev Cin Chi & StL pf (5) 71% 68% Ciuett-Peavody (5). 116 103 Cluett-Peabody pf ( %7y 80 Coca-Cola (7). 69% 34% Colllns & Aikman (4).... 98% Collins & Atkman of (7). 27% olorado Fuel & Iron.... 44% Colorado & Southern (3). 60 Colorado & Sou 1st pf(4). 46% Columblia Gas & Elec (5). 85% Columbia G & El new(5) 4 NYChi&StL D( 6). ship carrying several thousand yards of needed goods. Financial High Lights of Past Week Brought Out in Nutshell by Statistics 79 General Elect; 10% Gen Electric Spec (60c). . 34 GenGas& Elec A (el%). 95 (Gen Gas & Elec 1% pf A. 105% Gen Gas & Elec 8% pf A. “ 36 GenGas(B).... 924 Gen Gas pf B (7).... 64% Gen Motors (111). 102 General Motors pf (7). 26% Gen Outdoor AdvV (2). 45% Gen Outd Adv Cl A (4) 60% Genera) Rwy Sig (5% ). 36 Gen Refractories (3).... 41% Gimbel Brothers. . 100 Gimbel Brothers pf (7).. 12% Glidden Company (2). 87 Gold Dust........ 36% Goodrich (BF) Co (4). 92° Goodrich (B F) pf (7). 97% Goodyear Tire&Ru pf(1 99% 38% Gotham Sirk Hos (21). 59% 47% Gotham Hos new (215). 59% Gotham Hostery pf (7).. 105% 105% 105% Gould Coupler (A) 9% 9% 9% Granby Consolidated 34 82% 33 Great Northern pf (5)... 88% 85% 86 Great Northern Ore (1) 21 19% 20% Great Western Sugar (8). 114% 112 1134 G st Sugar pf (7). 121% 120% 121 nanea Copper.. 32 29% 32 3% Guantanamo Sugar...... 9 9 23 Gulf Mobile & Northern.. 40% 37% 89% Gulf Mobile & Nor pf (6). 105% 107 51% Guif States Steel (5)..... 42% Hanna (M A) 1stpf. 26 Hartman A (2).. 24% Hartman B (k4 40) . 30 Havana Electric rets. ... 95% Havana Electric ctfg.(6). 49% 17% Hayes Wheel (13%) 107 100 Hayes Wheel pf (714). 88 66 Helme G W (7). 4B'$ 17% Hoe (K) & Co Class A.... 43 Homestake (18). csn 34% Household Prod 85 50% Houston Oil. 45 16% Howe Sound(4 41% 21% Hudson & Manhat (2%).. 80 64% Hudson & Manhat pf (5). 139% 83% Hudson Motor (3%)..... 81 14% Hupp Motor Car (1.40)... 131 111 Ulinols Central (7). 129% 112% Illinois Central pf (8),.. 18% Independ Oil & Gas (1).. 13 Indlan Motoreycle (115). 83 Indian Motorcycle pf (7). 6% Indlan Refining. .. 85 83% 84 1% 11% 1% 45 4l 44 105 105 105 115% 115% 115% .1 United Drug 18t pf (314). 6 United Dyewood. . - % United Dyewood pf (7)... United Fruit (4)... U S Cast L P & Fdy (10) US CastlP & Fdy pf(7). U S Distributing. . U S Hoffman (13%) U S Alcohol (5).... U S Industrial Alco pf(7) I8 Realty & Imp (4).... U S Rubber. U S Rubber 1st pf (8) U S Smelt Ref & M (3%4). USSmelt R&M pf(3%). U S Steel (7) U S Steel new w i. U S Steel pf (7). Univer Pipe & Radiator. Univer Pipe & Rad pf (7). Utl Pow & Lt A (e2) Vanadium Steel (14). Vick Chemical (33%). . Vicks Shrevept & Pac (5) ctor Talking Mch Victor Tlk Mch pr p: Victor Tik Mch ev pf (6). Virginia-Caro Chem Va-Car Ch 6% pt. Va-Carolina Chem pf (7) Va lron Coal & Coki Vivadou (3). Vivadou pf (7).... Vuican Detinning. . Vulean Detinning pf (7).. Wabash. . Wabash p; Wabash pf B. W aldort System (1% ). Walworth (1). Ward Baking Class B. Ward Baking pt (7).... warner Bro Pic Cl A Warren Bros(15)......0 W ever & Hellbroner (4).. WestPenn Electric A (7). west Penn Elec pf (7)... West Penn Power pt (7). West Penn Power pf (6). Westeru Maryland...... Western Maryland 2d pf. western Pacific. ........ Western Pacitic pf (6). .. Western Union Teleg(8). Wisinghouse Air Br (18) westhouse & M (4)... Weston Klec Instrument. Weston Elec inst CIA(2). Wheeling & Lake Erfe. ., Wheeling & Lake Erfe pt. White Bagle O1l (). White Motors (4)... Whtel Rock (12.70). White Sewing Ma pf (4). Wickwire-Spenc Stl ctfs. Willys-Overland, Willys-Overiand pf (7). . Wilson & Co. . Wilson & Co (A).. Wiison & Co pt (7)...... Woolworth (5). . Woolworth w i (5).. worthington Pump. Worthington Pump (A) Worthington Pump (B). Wright Aeronautical (1). Wrigley W Jr (13%).... :’allla & :ll“owne (15).. ellow Tr & Coach (‘Ific) 28 24 Yellow Tr & Coach pt(7). 95% 6,‘ : l:: Youngstown S& T (4)... 88% K'l - 1% RIGHTS—EXPIRE. L Ajax Rubber, Jan 27..... Atl Coast Line, Jan. 20. Columbia Gas. Feb. 27... Gotham Hosiery. Feb. 1. Laclede Gas, Feb 5. May Dept Stores Apr 26 Pacific Gas, March 1 %+ oW % Vivaudou, Jan. 17. Y Y Whon the lotter x apnears J:fls’.:.:n:omm‘:z (x34) it designates l Lh “;‘f" table are the Taryo Maru. 150% 143% 147% — 3 117 116% 117 + 1 113% 109 l‘l’l + 2% 4 " 5% 209i —10% | s -1 | 4564 + 1% | 6 + 1 S14 + 25 109% + N Y New Haven & Hart.. N Y Ont & Western (1). N Y Railways pretfs.... Niagara F Pw Co bf(1%) Niag Lock&O Pwr pf(7). Norfolk Southern....... rf & Western (+10) Norfolk & West pf (4) North Amer (b10% stk). North Am ptf (3) . North Am Edison p Northern Pac'fic (5)..... Northwestern Telephone. Norwalk Tire & Rubber.. Nunnally Co (1%) 0il Well Supply (2). Ol Well Supply pf (7 Omnibus Corp Omnibus Corp pr A+( 4 Oppenhm, Col & Co (4). Orpheum Circuit (2). . Orpheum Circuit (pf (8). Otis Elevator (6)... Otis Elevator pf (6). Otis Steel Otis Steel prior pf (1) Outlet Company (4). Owens Bottle (c16). Owens Bottle pt (7). Pacific Coast 1st pt ( Pacifitic Coast 2d pt (4) Pac Gas & Elec (2). Pacific Mills. . pacitic Ofl Stubs. pacific Tel & Tel (1) Pacific Tel & Tel pt ( Packard Mot Co.(12.90) Paige-Detroit Motor. . Pan-Am Pet & Trans (fl) Pan-Am Pet & T C1 B (8) Pan-Am West Pet B (2).. Panhandle Prod & Ref. .. Panhandle Prod & Ref pf. Ppark & Tilford. . Park Utab (60c). Pathe Exch, Cl A (c3) Peerless Motors. Penick & Ford (1 pennsylvania Coal&Coke Pa Dixle Cement (80c). Pa Dixie Cement pf (7). Penna Rallroad (3%) enn Seaboard Steel. . Peoples Gas Chicago (8). lzs», Peoria & astern. 24% Pere Marquette (18) Pere Marquette pf (5 Pere Marquette pr pf( PhilaCo (4).... Phila Co pt (3).. Phila Co5% pf (5)... Phila & Reading C&I Phila&Read Coal&l ctfs. . Philip Morris & Co. Phillips-Jones(4). Phillips Petroleum (3) Phoentx Hoslery........ Phoenix Hoslery pf (7). Pierce-Arrow... plerce-Arrow pt Pierce Oil...... Pierce Petroleum. Pitts Coal..... pitts Steel pt (7) Pitts Terminal Coal. Pitts Term Coal pf (6) Pittsburgh & W Va (6). Porto Rican Am Tobacco. Postum Cereal (5).. Pressed Steel Car...... Pressed Steel Car pf (7) Producers & Refiner: Producers & Refiners p Public Service NJ (2)... vublic Service N J pf(7). Public Service N J pf(8). Public Ser El&Gas pf(6) Public Ser EI Pw pf (7). 57% 56% 56%% 88% 83% 86% 41 41 41 424 dln 42 103% 103 108% 19% & 19% 44% 46% 96%, NEW YORK, January 22, 1927. ‘This Week High. Low. 138 1 This Week. 90.5 . 105.50 Last Week 75.4 This Week. 4 to dlg 41 Month ot | Dec., 1 . Unfilled steel orders. 3.950.969 Pig _iron production. 99, Building permits: Number of citles Amount Commercial failures: Number ...... Liabilities . Revenue car loadings: All_commodities Grain and grain, products. Coal and coke Forest products Miscellaneous - products HOW IS BUSINESS? Showing Current Business Activity compared with same week a year ago Last Week. H Low. 40 138.23 Last Week. 90.16 * 105.22 Year Ago. .4 Last Week. 4 to 41y 41 to 47 Mon hm 107%x107% + 34% 85 + 1 Istocks (average of 50 issues) T+ I+ 1141+ +44+ R Bonds (average of 40 issues Foreign bonds (average of 10 ‘5 This Week. Federal Reserve ratio... 76.9 Money rates in New York Call® . - Il+| % 3 152% 150 150 0% 67% 68% + 1 9% 92% — 1 32% 32% — % 36% 36 — % 13 13— 1% xzr.% 124% 124% + % 2T% 27% 27% + % 60 18 89 107 Month of ,uxn. 104,853 T4+ 00+ ++01+11 9 39% 108% 55% 66 25 24% 27% it 4 481 $337,193.4: $301,601.559 2,069 . $45,619,578 Week of Jan. 8, 1927. . 940,800 1100 1.830 $32,693,993 l’re\lous week. Year ag 15 103% 52 8% 72 28 24% Y54 112 [ EE N S ] | | 123% 1224% 123 123% 1334 123% 32% 30% 31% 15 15 15 93 92 93 8% (R AR SRR + 299% + 2% 112+ 51E4 % +r 77 Ingersoll-Rand (15) 34% Inland Steel (2% 104% Inland Steel pf ( 20% Inspiration Copper 13% Interboro Rapid Transit. 12 Intercontl Rub (1) 7% Internat Agricultur: 40 Internat Agri prior pf(7) 38% Int Business Ma (t3%).. 81% 44% Internat Cement (4).. 107 101% internat Cement pf (7).. 69% 31% internat Comp Eng (2).. 158% 96% Int Harvester (j6). 123 118% Int Harvester pf (7) 66% 534 internat Match pf (3. 14% 6 Internat Mer Marin 62% 27 Internat Mer Marine pf. 24% Int Nickel (2)... 94 Internat Nickel pf (6) 44% International Paper (2) 86 Internatl Paper pf (7)... 18 Internat Rys of Cent Am. 67 Internat Salt (6) 199% 108 International Shoe (7). 144 87% Internat Tel & Tel (6).. 20% 18 Intertype (t1%)... 3% 1 lowa Central 115 35% 53% 21% 26% 95 56% Pi+++1 N 621 54 45% 104% 102% 102% 49% 45% 4T 141 135% 139% 127% 127 127% 64 62% 634 % 6% % 40% 37T% 38% 41% 39% 404 106 105 106 57% 56 56 99 98% 99 24" 24 24 72 68 72 160 160 160 127% 125% 125% 21% 21% 21% 1 1% 56% b53% 55% 16% 13% 16 119% 119% 119% 20% 18% 18% 13 113 13 434 45% 66 67 - % 5 8% + 13 104% 181% + 1% 21 123 + 24 12 % GENERAL BUSINESS ACTIVITY for th ety outeids New Nork: comired b e, o whole, (R e ek ACTIVITY BY FEDERAL RESERVE DISTRICTS Check transactions compared with the corresponding week of last year:, Richmond_ | _Allanta | 2.2 0.9 U Dallas n Franciscol J__'Lm_l__-r__'h_’ LEADING BAROME’I'ERS Showing trend of mportant tactars, Present trend Steady Steady Steady % 1y % 3 x32% + 2 72 4+ 1y 52% 3 Y% 18% 3% % 6 % 18% + 1 3%+ % . 5% < 3 s+ 3, 85% ~ 40 -1 40% — 4 104% + W 275% +10K 104 62 114 170 68 140 % % Changes trom vear acu L R N o @ 35 110% 126 102% Business in dollars (checks cashed) Employment (Department of Labory . v .f” (Derartmenl of Labor) of living (Industrial Ce \\ holesale pi (Flfllmr | Agricultural prices (Dept. Movement of [Retail (rade (Federal Wholesale trade (Federal Failures IIA'I) . Bond prices (An Stock prices (Annalist) Stock market volume 111% Jones & Lnuxhlln nt l'l)‘ 12 Jordan Motor........... 99 Kan City PréL 1st pr(1} 28% Kansas City Southern 57 Wansas City South pf(4). % Kansas Culf. ! 18% Kayser Julius (4) 83 Kayser (Juli P44+ I+l I+ T4 I +++ I+ T4+ 92% 129 33 256% 108 47 41% 32 4% 68% +4 1 fxmo o= w2 20 ke o] L Y Y 57 53% x54k% Istpf(8) 117 114 116% 9 Keily-Springfield Tire.... 10% 10 41 Kelly-Spring Tire 1st pf. 47 44 43% Kelly-Springfield Tire pf. 39 76% Kalsey Wheel (6). . 46% Kennecott Copper (5)... Pure Ol (12). Pure O1l (1214). Purity Baker A (3), Purity Bak B(2)... Radio Corp of Am.. Radpi Cor of Am pf(3%). R R Sec 11 Cen ctfs (4).. a Y/nlan ‘811 orwise moOIG “3ira oF sbec) Iy stock tPartly extra 1Pl VBeSable o o a0tk 11 3750 o Shis, sear—nu regular rate. b 9% ll'l‘nlrlerl!, &Plus 87 stacl fiu- Sl a -hm 1 i oo 4 \oa g: B E% ok, [BSsAnnnl {5454 Sonman -l x90% + 1% x8T% + 8% | |+ i “adeie; 51 52 6% 0% + 1%