Evening Star Newspaper, February 8, 1927, Page 14

- 14 EXCITED SESSION INSTOCK MARKET Wheeling Is Feature, With 35-Point Rise—Some Shorts Still Fight. 23 BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, February $.—It was another day of excited speculation on the Stock Exchange and sensational developments in the market for rail- road stocks. Following the statements after the close of business yesterday concerning acquisition of the Rocke- feller holdings of Wheeling and Lake Erie by the Nickel Plate, New York Central and Baltimore and Ohio in- terests, Wall Street came down to business enlightened as to where vir- trol of the road is held. The t a triangled corner existed was made plain by the amount of stock said to have been acquired by these prominent interests. The professional element, which found that it had made the serious mistake of fighting such a powerful roup, came to the realization that it almost impossible to get in their contracts in Wheeling common. Jumping 10 points over night to 105, the stock subsequently changed hands n\d after ~(llm|.. at this figure od bid. with none of- 11\fl preferred after opening at fered. 831 for an overnight gain of 4 points was carried up sharply to much the highest since the jresent speculation started. Premium Still $7 a Share Today. The premium remained at the top of 7 per cent, and there was still some who were willing to pay the exorbi- tant rate rather than admit defeat. ‘What Wall Street appeared to be chiefly concerned about was the future trunk line plans of the big system. Traders continued to seek out lo priced issues which were likely to fig- ure in these calculations. Such stocks as Chicago and Alton, Chicago Great Western, Peoria and Eastern and others were turned over in enormous ‘volume at rising prices. Wabash com- mon, long known to be a Loree enter- prise, was carried along in the wake. Banger and Aroostook, of which the floating supply is known to be unusual- 1y small, continued in spectacular ad- vance. But while all this was in progress, considerable uneasiness was being felt over the effect this was to have upon the market in general. Many quarters expressed the belief that the turbu- lent market for railway stocks was a decidedly unhealthy development, and this view was reflected in an uncertain movement in other quarters. Hudson Drops Back. The demand which set in yesterday for Hudson Motors continued for a time, but after having extended its gain another two points the price dropped back to yesterday's final. General Motors was rather freely offered, changing hands most of the time at a decline of a point or more. United States Steel common was practically neglected around 157, while the effect of the highly favorable Republic Iron and Steel report which was pro nounced in the market for independ- ent steel shares yesterday appeared to have spent itself. Crucible, Colorado Fuel and Iron and Bethlehem worked higher at intervals, but the bulk of the demand evidently had been sup- lied. g Remington Typewriter stood out strongly for a time following the dec- laration of a dividend establishing the stock on a regular annual $5 basis, but lost most of the five-point gain in the later trading. Realizing sales which were pronounced in Houston 0il yesterday following the last week’s rise of more than 20 points started forward again, but other oils were little changed. The selling which has been so persistent in General Electric again asserted itsélf, carrying the prices down substantially. 45 MARYLANDERS SUED IN OIL FIRM ACTIONS Special Dispatch to The Stas. BALTIMORE, February 8.—Thirty Baltimoreans and 15 other Maryland- ers are named as defendants in two equity suits filed in the United States District Court here to recover the pur- chase price of sock sold and divi- dends paid them by ‘two oil com- panies, The bills were filed by Clifford C. Bosworth, receiver for the High Grav- ity Oil Co., and Fred C. Stilz, repre- senting as receiver the Stanton Oil Co. Both corporations were organized in_Dejaware in 1917. Mr. Bosworth asks that dividends amounting to $103,000, paid to the Maryland stockholders in 1919, be re- turned. He stated that the amount ‘was voted by the board of direcors of the High Gravity Co. and was paid out of the capital stock: because of the lack of surplus to pay the amount. The Stanton Oil Co. paid dividends amounting to $435,000, the complaint shows, although, it further states, a large part of this amount was paid to holders of stock which had never been paid for. MEDIUM WOOLS ACTIVE. BOSTON, February 8 (Special).—Me- dium grade territory and fleece wools are in better inquiry in the Boston wool market and transactions today were more generally on the high side of the current price range. Demand for finer sorts continues to be fea tured by purchases by top makers. Fine territory is quoted at 1.10a1.12, with exceptional quality at 1.14, fine ¥rench (t)lnmn" .0521.08, half- blood shths blood at 90a9 and quarter-blood at 80; In fleece wools de- laine is quoted at 45246 grease basis, | half-blood at , three-eighths: blood at 45a46 and qu.mer blood at 45. FOBEIGN EXCHANG E. (Quotations furnished Oy W 1. Hibbs & Co.+ Nomunai seliine checks zolit value wdne Loudon. Mowtreat M udrid, u. seta. . Vieona D00018 1 Buidamest 00011% Prac 024 Warsaw Cotenhagen oudo - crown Stockholm. FEDERAL LAND BANK BONDS (Quoted by Alex. Brown & Sons. Closing ) Approx Rate—Maturity, Bid. Asked. vield 145 Nov 13 100% L TBEASURY CERTIFICATES. (Reported by J. & W. Scligman & Co.) Ra Maf i 32 100 28-32 FINANCIAL. Open. High. Low. 2:55. 841, B84% B84l B84% Abitibl Pow (5). Adv Rumiey ... 12% 14° 124 14 Adv Rumley pf. 35% 40 35% 40 Ahumada r60c) 4% 4% 4% Alr Reductn(t6) 139 140 1381 140 Ajax Ruber. 11 1% 10% 10% Alaska Junea. A% 1% 1% 1% Allied Chem (6) 136 l36~. 135 135% Allis Chalm (6). 91% 91% 90% 90% Amal Leather... 18% 19 18% 18% Amerada (2) .. 3T% 37% 36% 36% Am Agricul Chm 12% 12% 12% 12% Am AzriChpf.. 45% 46% 45% 46% AmBank N (2). 47% 4T% 46% 46% Am Bee Sugar 23% 23% 23% 23% Am Bect Sugpf. 56% b56% 56 56 Am Bosch . .. 14% 14% 13% 14% Am Brake Sh(6) 139 139 138 138 Am Br Bov El(2) 37 3¢ 36 37 AmCan(2) ... 46% 47 46% 464 AmCanpf (7).. 128 128 128 128 Am Car&Fdy(6) 101% 101% 101% 101% AmC& Fpf (7) 128% 129% 128% 120% Am Chain A 12). 2T% 27% 2T% 274 Am Chicle (3).. 40% 40% 40% 40% Am Chiclecfs(3) 40 40 39% 39% Am Drug ...... 10% 10% 10 10 Am Express (6) 132% 1321 132% 132% Am & For Pow.. 19% 20% 19% 20 Am&FoPont'7) 8T% 8T% 87% 8% Am Hide & Lea. 10% 10% -10 10 Am Hide& Lpf. 52 52% 52 52% Am Ho P(240). 31% 3 31% 32 Am Ice (110) 118 118 118 ils Am Interratl 404 40% 40% 40% Am La Fr (1), 8y 8% 84 8% AmLinseed..... 23% 23% 23% 23% Am Linsd pf (1) 556 56 55 55 Am Locomot (8) Am Loco pf (7). 107% 107% 106% 107% 120% 120% 120% 120% Am Metals (3).. 421 42% 42 42 Am Po& Lt (1) 56% 57 56% 57 Am Radiator(5) 112% 112% 112 112 Am Repuhlic 48% 56 48% 56 Am SafetyR(13) 51 52 50 52 Am Ship & Com. 4% 4% 4% 4% Am Smelting «8) 140% 140% 138 139 Am Snuff pf (6). 98 98 98 98 Am Stl Fdys (3) 45 45 45 45 Am Suzar (5)., 81% 81% 811 8l Am Sumatra.... 43% 44 43% 41 Am Tel & Tel(9) 154's 154% 154% 154% Am Tobacco (8) 122% 122% 122% 12274 Am Tobacco B(8 122% 122% 122% 122% Am Tobac pf (6) 112 112 112 112 Am Typ Fdrs‘8) 133 133 133 133 Am W W (c1680) 64% 65 641% 64% Am W W 1Ist (7) 106% 106% 105% 105% Am Worlen..... 26% 26% 26 26 Am Writ Pa pf 1% 1% 1% 1w Am Zine. 9% 10 9% 9 Am Zinc pf. 48% 49% 48% 48% Anaconda (3) 46% 46% 45% 45% ArmourDel pf(7° 95% 95% 95% 95% Armour of HI(A 14% e14% 14! 14% Arnold Con&Co. 23% 23% 23 23% Artloom (3).... Artloom pf (7). Asso Dry G(2%) 49% 50% 49% 50% 113% 113% 113% 113% 40 40% 40 40% Atchison (17%). 165 166% 164 166% Atchison pf (5). 100% 100% 100% 100% Atlant CL (18). 185 185 182% 185 AtIGulf& WI.. 37 37% 36l 36% Atl GuIf&WI pf. Atlantic Refing Atlas Pow pf (6) Atlas Tack..... Austin-Nichols. 86% 36% 36% 36% 112 112% 112 112% 100 100 100 100 % 7 Austin Nie pf(7) 51 51 51% 61% Auto-Kniter.... % % % % Raldwin L (7).. 157% 162% 156% 162% Balto & O (6)... 111% 111% 109% 111% Bang & Ar (3).. 59 60% 58% 59y Bang & Ar pf(7) 108% 108% 108% 108% 59 59 59 59 Barnet Leather. 83% 33% 32% 33 Barnsdall A (2). Barnsdall B (2). 30% 80% 30% 80% Belding Bros(3) 22% 22% 221 22% Bethlehem Steel 46 46 451 45% Beth St pf (7).. 108 108 108 108 Bon Ami.(4).... 54 54 53% 53% Booth Fisherles. 6% 7% 6% 7 Briggs Mfg(3), 33 34 32% 33 British Empire. . % % % % Bikn-Mn Tr (4). 66 67% 65% 67% Brown Shoe (2). 32% 32% 32% 32 Brunswick B(3) A 84% 34% 32% 32% Brunswick Ter. 10 10 10 10 Buff Roch&P(4) 83% 83% 83% 83% Burns Bro (10). 115 116 115 116 Burns BrB (2). 24% 24% 24% 24% Burns Bro pf(7). Burroughs (3).. Bush Terminal. Butte Cop (50¢). 122% 122% 122% 122% 36 86 35% 85% 4 10% ll% 10"/5 11% Butte&Super(2) Byer & Co. . 60% 60% 55 56Y% Byer & Co . 108 109 108 109 By-Products (2! 70 2% 70 2% Calif Packg(4).. Calif Petrol(2). Callahan Zine, Calumet&H(1%) Can Dry (c2%). Can Pacfic (10). Case Threshing. Central Alloy(2) Cent Leather. .. Cent Leather ctf; Cent Leather pf. 58% 60% b58% Cent Leapfctfs 58 59% 58 59 Cen Ry NJ(112) 208% 208% 298 298 Cerro dePas(t6) 61% 61% 61 61% Certain-Teed(4) 47% 48 47 47 Chandler pf(23) 22% 22% 221 22% Ches & Ohlo (s). 156% 156% 152% 154% Chi & Alton. . 8% 10 8% 9% 65% 65% 65% 65% 31% 31% 31% 31% 2 2 2 2 67% 68% 674 67% 15% 15% 15% 15% 89% 39% 39% 394 175% 176% 175% 176% 140 140 140 140 26% 26% 26% 26% 9% 10 9% 9% Ch1 & Alton Df. . 12% 13% 12% 13% Chi& East Ill... 34% 37% 34% 37% Chi & East Ill pf 48% b51% 48% b50% Chi Great West. 17 22 17 .21 ChiGr West pf. 31% 33% 31% 31% Chi MII&StP, 12% 15% 12 15% C M&StPefs.... 11% 14 11% 13% Chl MII&StP pf. 22% 24% 21 24 C M&StP pf cfs 22 23 21 22% Chi & Nwn (4 81% 79% 81 Chi Pne Tool 16) 131% 131% 129 130 ChiRock Is (5). 74% 74% 73% 74 CRI1&PDf(6). 9T% 9T% 9T% 9% CRI&PDf (7). 106 106 106 106 Chi Yellow C(4). 43 43 43 43 Childs (12.40)... 51 51 51 51 ChileCop (23%). 34% 35 34% 35 Christie B (1.20) 40 40 40 40 Chrysler Corp(3) 43 43% 421 42% Cluett Peab (5). 63 63 63 63 Coca-Cola(t7%) 171 172% 170 172% Collins & Atk(4) T1% 71% 70 " Collins&A pf (7) 142 142 142 142 Col Fuel & Iron. 54% b55% 54 55 Col Gas & EI (5) 54% 84% 84% 84K ColGasrts..... 2% 2% 2% Col G&E pf A(6) 100% 101 100% 101 Col Carbon (4).. 79 » 9N ki) Com Credit (1). 15% 15% 15 15 Com InTrpf 6% 91% 91% 91% 91% Com Solv B (8). 233 235 231Y% 232% Congeleum N 18% 18% 18% 18% 54% 54% 4% b54% 82% 82% 82% 82% 3 100'/4 100% 100% 100% 4‘/: 4 4% Cong Cigar (4) Con Cigars (7) Consol Distribu Consol Gas (5) Cons Gas rts. Cons Gas pf rts. ’/s % % GonftitCuba pf8 70 707 70 70 Consol Textile.. 3% 3% 31 38y Cont Bake A (8) 69% 69% 68% 69% Cont Baking B.. T 1% T T Cont Bk pf (8). 924 93. 921 93 ContCan (5).... 70% 70% 69% 70 Cont Canpf(7). 124 124 124 124 Cont Mot (80¢). 12w 124 11% 12 Corn Prod (+2% 48% 49% 481 49% | Gorn Brod pf(7). 129 " 120 120" 129 Coty Inc (5) 61% 61 61% Grown Wit Ist. o1 61" o1 81 Crucible Steel(8® 831 83% 83 83 Cuba CaneSupf 48% 48% d48% 48% CubaCo4).... 30 31 30 30% Cuban AmS (1) 26% 26% 26% 26% Cuban Dom Sug. 1Th 174 1T% 17% Cudahy Pkg (4). 51% b51% 5l% 51% Davison Chem.. 28% 28% 28% 28% Del & Hud (9).. 176 176 176 176 Del L & W (17). 1474% 149 146 148% DRG Wstpf... 53% b4% 52 b53% Detroit Ed (8).. 135% 135 Devoe & R(2 40) 9% Dodge BrosCl A 25% Dodge pf (7) 83% Dome Mines 9o Doug-Pec (2) 5% Dul SS & Atlan, Sa 5% Du Pont (7).... 175% 176 172 176 astman (18).. 129% 129% 129 129 Eaton Axle (2). 25% 26% 25 25 Eisenlohr & Bro 124 12% 124 124 B AutoLtit6lp) T0% Ti% T0% Ti% Electric Boat. .. 15% 15% l4% 14% tlec Power & Lt 16% 17% 16% 17% Klee P& Lpft7) 97% 97% 97 97 Elec Refrig (2). 34% 34% 344 34% tilec Sto Bat(t8) 73% T4% 3% T4% tmd John +5) 66Y% 66% 66% 66% Engineers PubS 244 24% 24 24 Kquitable of (7) 119 12 19 120 ErfeRR.. 45% ‘5% 44% 45 Erls 1st pf 57 57 56 56 51% b51% b61% 51% EHIBUES(S%). 2T% 2T 27w 2T4% THE EVENING STAR, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Eureka Vac t43% Fairbanks (3).. Famous Pi (18) Famous pf (8). Fed L&T(n1.40) Fed Mot T f80¢) Fed Min & Smelt Fed Min of (7). . Fid Phoenix (4). Fifth Ave (64c). wirst Nat Si1%) Fisk Rubber isk 1st of (7 Fleischmn (2) Foundation (8). Fox Film A (4). Fresnort Tex (2) (3abriel Sn «315) Gardner Motor. . 'ienElec sp(6fic) ien Gas Ael %) Gen Motors (7). ‘ien Mot pf (7). ien Outdr Ad(2) Gen Outdr A (4) Gen Ry Sig (5).. ‘Jimbei Bros. lidden (2) Gold Dust Goodrich Ru (4) Goodyear pt (7). Gotham new 2% Gould Coupler A Granby Consol. . Grt North pf (5) Gt Nr Ore(t1%) Grt Westn Su (8 (Green Canan... “uantanamo. ... Aulf Mo & Nor Gu M & N pf (6) mIf Srates (5) Have E! ctfs (6) Hayes Wheel. .. Hoe & Co A. Houshld P (335) Houston Ol Howe Sound (4) . Hud Man (2%). Hud Man pf (5). Hudson Mo(33%) Hup Mot (1.40). Illinols Cen (7), 11l Cent pf (6).. indep 01l (1). .. Indian Mot (1%) (ndian Refining. IndianRefg ctfs, Inland St (234). Interboro Rap T1 Intcontl Rub(1). (n Ag C pr pf(7) Int Bus Ma (3)., [nt Cement (4).. tat Com Eng (2) Int Harv (6)... Inter Har pf (7) IntMtch pf(3.20) Int Mer Marine. Int Paper (2) Int Paper pf (7). Int Tel & Tel (6) Jewel Tea... Jones Bros Tea. Jordan Motor. Kan City South. Kan C So pf (4). KayserJ (4). Kayser pf (8) Kelly-Spring. .. Kelly-Spring pt. Kelsey Wh (6). Kels Wh pf (7). Kennecott C (5) Keystone T & R. Kresge SS(1.20) Kresge Dept S.. Kress SH (1)... *Laclede Gas 110. Laclede G pt (5) Lambert Co (5). Lehigh Val(33) Lehn&Fink (3). Life Sav (1.60). Liggett & M(f4) Lig & M B (f4) Lig & Mpf (7). Lima Loco (4).. Lig Carb (3.60). Loew’s Inc (2).. Bote Sossoues Long Bell A (4), Lorillard (§8).. Loutsiana Ofl. .. LouisGasA (1.75) Louls & Nash(7) Ludlum Steel(2) McCroryB(11.60) Mack Trucks (6) Mackay (7).. Mackay pf (4).. Magma Cop (3). Man El Sup (5). Man Elm g (d5) Man Shirt (1%). Maracaibo Oil. . Marland Ofl (4). Marin Rock 2% Mathieson (4).. Mathieson pf(7). May Dept S (4). May Dept Srts. Maytag Co(12%) Mexican Seabd. . Miami Cop (1).. Mid-Continent. . Middle States. .. Mid States Oil ct Midland pf(+12) Minn & St Louis. Minn & St L ct.. Min St P & SSM. M St P& SSM pt MStP&SSM 1i(4) Mo Kan & Tex.. Mo K & T pf (6) Missouri Pacific Missourt Pac pf. Montana Pow(5) Montgmry W(4) Moon Motor.... Mothr Lode (75¢ Motion Pic (1).. Motor Met(3.60) Motor Whi (2) Mullins Body Mullins B pf . Murray Body(n) Nash Motor (4). Natl Acme...... Nat Biscult (5). Nat Cash R(A)3 Nat Cloak & Suit Nat Cloak pf (7) Nat Dairy (3) Nat Distiller Nat Distillers pf NY Dock pf (5). Nat Enam pf (7) Nat Lead (8)... NatPw&Lt(80c) Nat Supply (4).. Nat Tea (4)..... Nevada C (1%). NY Air Brake(2), N Y Canner: NY Central (7). NY Chi&StL(11) NYC&StL pf(6) NY Dock......s NY NH&Hart... NYOnt& W (1) Niag F pf (1%). Norfolk Soutn. . Nort & W (8). NthAm b10% stk North Am pf(3) NorAm Ed pf(7) North Pac (5) Norwalk Tir 01l Well-Sup (2) Ol Well S pf. OmMNIbUS. .. .v0e Opnhm, Col (4). Orpheum Cir(2) Otis Elevator (6 Otis Elpv pt (6). Otis Steel ... Ouis St prior(7) Owens Bot (7).. Pac Gas& £ new Packard (12.90) Paige Mbtor. . Am (6. an-Am B (6).. Pan-AmWnB(2) Panhandie ..... Park & Tilford. . Park Utah (60c) Pathe ExX (¢3) Patino Mines, Open. High. Low. 2:55. 64% 65% 64% 65% 40% 40% 40'% 40% 109% 109% 109 109 121% 121% 121% 121% 38% 27% 38% 381 27% 38% 27% 8216 1% 1% 41% 4l% 41% 155% 155% 152% 154% 121 121 120% 120% % 39% 39% 39 5 58 92% 41% 21 4% 50% 99% 63% 9% 32 84% 21% W 0 1300 11 agk 81" agu s 9 0" % 51% 53% 51 52% 108 108 108 108 57% & 66% 56% 94% 16% 231 944 16 23 48% 81Y% 394 46 801 61% 21% 123 123 123 31 32 14% 14% % 9% 21% 123 123 123 123 31% 32% 15 15 9% 9% 9% 41% 43% 12% 64 5% 49 45% 147% 127% 63 8 44% 40% 57 99% 125% 21% 123 147% 145% 127% 127% 63% 62% 8% T 42% 40% 55% 112% 112% 111% lll’/fi 3% 3% 1 37 56% 60% 37% 9% 434 WASHINGTO? BY EDWARD C. STONE. Capital Traction stock closed on the Washington Stock Exchange today at 105%, three-fourths of a point above the final sale last Saturday, thereby displaying unusual strength in the face of the District Court of Appeals’ decision handed down yesterday lopping $5,150,000 off’ the company’s valuation figures. All eyes were riveted on this stock today as it was the first Exchange session since the court ruling had be- —_— Peerless Mot... 29 20 27 21 Pa Dix1eCt(3.20) 36 36 36 36 Penna RR (3%) 57% b7 57% 57% Penn-SeabSteel % % % % Peoples Gas (8). 129% 129% 129 129 Peoria & East.. 2T 28% 26% 26% Pere Marq «18) 123% 123% 123 123 Pere Marg pf(5) 91 91 91 91 Phila Co (¢). 88 88 88 88 Phila Co pf (5) 41 41 41 41 Philag RC&1.. 42% 42% 42 42% Phillp Morris... 37% 37T% 36% 36% Phillips Pet (3). 584 59 584 58% Plerce Arrow... 20 - 20% 19% 19% Pierce Oil. %o B % 8 Pierce Petr 3% 8% 3% 3u Pitts Coal. 34% 86% B4% 36% Pitts Coal pf . % T2 TR T2 Pitts & W Va(6) 141 147% 140 145% Porto Rico Tob.. 80 80 80 80 Postum (5)..... 98 98 9T 9T% Pressed StlCar. 40% 45 40% 44% PrStiCarpf(7) 80 80 80 80 Prod & Refiners. 25% 30% 25% 30% Producers&R pf 46 49% 46 49% Pub Serv NJ (2) 33% 34 33u 33Y% Pub S NJ pf(7). 109% 109% 109% 109% Pub SE&G pf(6) 103 103 103 103 Pullman Co (8). 182% 183% 1824 183% Punta Aleg Sug. 45 454 45 45k Pure Ofl (12)... 29% 20% 29% 29% Purity Bak A(3) 49 49 49 49 Purity Bak B(2) 43% 43% 43% 43% Radio Corpof A. 51 51% 49% 50 Radio Cpf (3%) 52 52 52 52 Ray Copper(26c) 14% 14% 14% 14% Reading (15)... 103% 110% 103 110% Reading 1st(2).. 41% 42 41% 42 Reading 2d (2). 45% 46% 45% 46 Real Silk Hose.. 44% 46 44% 46 Remington Type 142 160 140% 150 Remingtn 1st(7) 115% 115% 115% 113% Remingtn 2d (8) 116 116 116 116 Replogie Steel.. 11% 11% 11% 11% RepIr&Stl (4). 61% 62 6l% 62 Rep 1 &S pf (7)° 100% 101% 100% 101% Rey Tobac B(5). 1224 1221 122% 1224 RossiaIns (6).. 78 78 .78 18 Royl D(al.33%). 51% 52% b1% b2k Rutland pf (1).. 56% 5% 56 59% Safety Cable (4) 55% 55% 5513 55% StJoseph L(13) 41 41 40% 40% StL & SanFr (7) 103% 104% 103% 103% StL&SanFpf(6) 97 97 97 97 St L Southwest. 66% 67% 66% 674 Schulte (3%)... 48k 481 48% 48% Seaboard Air Lin 37% 39 87% 38% Seab AlrLpf... 42k 424 41% 41% Seagrave(el.20) 124 12% 12% 12% Sears-R (n214). 521 52% b2% b52% ShellT&T (ad.67) 46 46% 46 , 46% Shell Un (1.40).. 31% 31% 311 31l Shell Un pf (6).. 108% 108% 108% 108% Shubert The (5) 58% 58% b8% 58% Simmons (2)... 35% 385% 35% 35% Simms Pet (1).. 21% 22 21% 21% Sinclair Ofl. . 214 21% 20% 214 Sinclair pf (8).. 102% 102% 102% 102% Skelly Ofl ¢2)... 35% 85% 35 36% South Port S (6) 165 166 164% 1641 Sou Calif Ed (2) 32% 383 324 ©3 Sou Dairles A(4) 37k 87% 37 87 Sou Dairles B 14 14% 13% 13% South Pac (6)... 109% 109% 108% 108% Southern Ry (7) 121% 122% 121% 122% Splcer Mfg..... 21% 21% 21% 21% StdGas& Elg3. 54% 54 54 54 StAG&EIpf(4) 58% 58% 584 58% Std Millg pf (6). 89% 90 89% 90 StdOiICal(12%). 59% 60% 59% 60% StAOINJ (1).. 40 40% 39% 49% Std O1l NJ pfe7) 116% 116% 116% 116% StdOIl NY(160) 33 33% 32 334 SterlingPro(16). 94% 94% 94% 94% Stewart War (G) 63 63 63 63 Stromberg (6).. 49% 49% 49% 49% Studebaker (5).. 55% 55% 54'a 54% Submarine Boat. 3 3 3 3 Sun 01l (11) 84 34 33 33 Superior O1l. 4% A% 4% 4% Svmington. 5 b 4k 4% Symington A(2). 10% 10% 10% 10% Tenn Copper (1) 11% 11% 11% 1i% lexas Corpn (3) 56% 056% 656'a 50% Tex Gulf Sul (4) 53 53% 52% b62% Tex & Pacitic... 58% 63% b8% 62% Tex PC&O(60c). 15% 16% 16W 154 Tex Land Trstn 18 18 17% 17Tk Third Avenue... 39% 41 38% 41 Thompson(3.60) 48% 48% 48% d48% Tide Water(1%) 2% 2Th 2T% 2T% ‘Tide W Oil pf(5) 88 88 88 88 Timk Roll B(16) 90% 91% 90% 91 Tobac Prod (7). 108'3 108% 10% 107% TobProd A (7). 115 115 115 115 Transeont Oil 4% 4% 4% 4% TwinCity (5)... 64% 64% 64% 64% Underwood (4). 46 46 45% 5% Un Bag & Paper 42 42 40% 40% Union Carb (6). 103 104% 102% 104% UnOll Cal(2%). b53% 53% b3% 63% Un Pacthic +10). 165 1654 163 165% Utd Cigar S(c2). 94% 94'a 94 94 Utd Drug (8)... 164 164 163% 1634 UtdDrg 1st(3%) 59% 59% 59% 59% United Fruit (4) 116 118 115 117 USCIP&F(10) 209 210% 208 208 US Distributing 53 53 53 63 USHoft (3%). 53 53 53 58 S Alcohol 5). 79 79 T8% T8% : S U S Steel pt (7). 129% 129% 129% 129% Un! Ple 1st pf(8) 101 10L 101 101 ‘inlversal Pipe.. 32% 33 31 32 Utl PELt A (e2) 28 28 28 28 Vanadium (3)... 39% 39% 39% 39% Van Raalte. . 14% 14% 14% 14% vick Chemical, b54% b4%h bds bd% Victor Tlk Mch.. 34 34% 34 34l Victorev pf (6). 90 91 90 90% Vietor prpf (7). 98 98 98 98 Va-Car Ch 6% pf 34% 34% 33% 83% Vivadou (3). Bd% B4% 3u4 34% Vulcan Detin. 224 224 21 21 Wabash..... b54% 60 54% 57% Wabash pf A(5) 80 81 80 Walworth (1)... 20% 20% 20% 10‘/& Ward Baking B. 30 30 29% 29% Warner Pic A. Weber «4) ‘W Penn El p! ‘W Penn El1 A (7) 103 West P Po(6)... 106 West P Po pf(7) West Maryiand. 38% West Md 2d pf.. 39% West Pacific.... 8T% West Pac pf (8) 5% West Unjon (8). 149 WesthsdAirB(7) 138% Westinghse (4) 69% Wheel & L Erte. 100 Wheel & L B pt. 84 White Kagle (2) 26% White Mot . 547% White Rock (2). 274 White S M (q2). a7 Wickwire ctfs. . H Willys Uvertand 20% Wilson & Co.... 13% Wilson & CotA). 30% Wilson&Co pf(7) B0Y% Woolworth (5) 1224 Worthn Pump. . 26% Worth Pump(A) 50 Worth Pump(B) 43% Wright Aero (1) 32l Wrgley (13%).. 52 Yale & Tne (1).. 73% 73% 72% 2% Yellow I'r (76¢). 2T% 284 27% 23.% Youngstown (4) 86% 6% 864 H6w Hourly Sales on N. Y. Market. 11am 632400 12 0..1,881,600 1p.m. 1,476,600 Dividend rates as given are the annual cash pavmen on ot e, A, e Cuait Vearty deciaration Unless otherwise toted extr or special div not include denipat of wu;mx than 100 shares common a Paid ‘his’‘vear—no_rexuiar rato bTen per vent in common stock —nasable e Cariorly © Pius 5% 0 stoek "d Pay le " when earned . @ Pavable in cash o1 Stock "t Pus 10% 1 stock @ Plus 1/60 «hare 1n st l‘k hP s $1 a share |l| special storkc B in"stock | Plus 2% In stock k f'lvuhle |/4'| fl' l !hlm llllll""rl' in” Ciase’ A" Stock W% in- st ogardly atock B P 83 ln preferred lwl:ll. one-halt of cammon stock. , D. C, IN FACE OF VALUATION LOPPING come generally known. At yester- day’'s_session only one member of the Exchange knew of the court opinion and no mention was made of it until after the market had ad- Journed. During today’s trading 10 shares of Capital Traction changed hands, and there were 13 different transac- tions. The mrarket opened with a sale of six shares at 104%. This was under Saturday’s close, the stock not appearing on the board yesterday. The next four sales were made at 104%. The stock then climbed to 104%, % and % on 10-share turn overs. On the next move lots of 24 and 20 shares changed at the higher price of 105, The next sale was made at 105%, and then came the closing sales of 30 shares at the high for the day of 105%. Before the session opened some market observers stated the belief that the reduction in valuation would at least temporarily depress the Capi- tal Traction stock. Others took the ground that the earning capacity had not been affected by the court ruling, and the quotations show that such was the general opinion prevailing after the market opened. District National Bank stock sold at 242, Commercial National came out at 235 and 21 shares of Merchants’ Bank & Trust Co. appeared on the board at 1501, Fifty-one shares of George- town Gas Light stock sold at 69%. Bond prices were firm and trading was active. Washington Gas s, series B, sold at 105: Railway and registered 1031, Other prices were unchanged. Program Committee to Meet. The program committee appointed to arrange for the coming regional conference of the savings bank divi- sion of the American Bankers’ As- sociation, which gathers here in April, will hold its first meeting this after- noon. Howard Moran, president of the District Bankers’ Association, is chairman, and Harry V. Haynes, chairman of the Washington Clearinig House Association, is vice chairman. The other members are Francis G. Addison, jr., vice president Security Savings & Commercial; Victor B. Dey- ber, president Second National; W. W. Spaid of W. B. Hibbs & Co.; Robert V. Fleming, president Riggs National; W. J. Waller, vice president Federal- American; John Poole, president Federal-Amsrican, and Joshua Evans, executive vice president District National. The hotel and other committees are | to meet in the near future and get their work under way. Gas Company Has Fine Year. ‘The annual report of the Washing- ton Gas Light Co. shows that the net corporate income in 1926 totaled $726,043.76, a gain over 1925 of $167,- 770.. The dividend distribution for the year amounted to $468,000, and the company set aside $258,043.76 to add to the surplus fund. Operating revenues for the year amount to $5,283,009.63 and operating expenses to $3,607,061.21, leaving net operating revenue of $1, 675 ,948.42. The total amount of gas sold was 5,715,475,623 cubic feet, an increase over 1925 of 409,893,153 cubic feet. Of a total mileage of mains of all sizes 650 miles are now in use, of which 28 miles were laid during 1926 at a cost of $309,001.14. The report also shows that there were 3,309 house service pipes installed, street lamps in use by the District of Columbia gained 151 to 11,661, while with its subsidiaries the company has 115,453 meters in ser- vice, 6,857 more than a year ago. President Ord Preston reported that the home-heating gas furnaces are proving successful and the company expects expansion in the use of gas for this purpose. Mr. Preston also mentioned the long experiments which have been made in connection with refrigeration plants in homes and quoted engineers as believing that in a few years gas will be extensively used as a cooling agency in Summer. Utility Bonds Offered Public. The Allied Utilities Corporation, with offices in the Mills Building, has recently sold a $300,000 issue of first lien and refunding 6 per cent series *“A” gold bonds to Parsly Bros. & Co., Philadelphia. The bonds are secured by a deposit of $300,000 of first mort- gage 6 per cent bonds of the Moun- tain State Utilities Corporation of West Virginia, together with all the stock of this company. The proceeds will be used for retiring purchase money obligations and for the pur- chase of additional properties. The bonds are being offered to the public at 97, at interest yielding about 6% per cent return, and are dated November 1, 1926, to draw interest from that date. The officers and stockholders of the ‘| company are largely Washingtonians. F. R. Weller is president, Arthur J. May, one of the vice presidents, and M. X. Wilberding, secretary and treas- urer, and Leo P. Harlow, general counsel, are all residents of this city. Appointed Bus Lines’ Counsel. Randall T. Elliott and Henning C. Nelms, members of the law firm of Elliott & Nelms, have been appoihted general counsel of the Washington & Shenandoah Valley Motor Lines, Inc. Mr. Elliott was also elected secretary and a member of the board of direc- tors of the company, which is a sub- sidiary of the Eastern Public Service ‘0. Good Insurance Year Reported. According to the annual report of the Sun Life Assurance Co. of Canada, which maintains a Washing- ton office, the company wrote new Insurance in 1926 amounting to $2: 889,646. It has assets of $345,251,- 714 and total insurance in force amounts to $1,256,490,115, according to President T. B. Macaulay. Commerecial Stock Issue Sold. It was veported today at the Com- mercial National Bank that the $500,- 000 stock issues of the Commercial National Co. had been oversubscribed and that no further subscriptions would be receivea. W., B. & A. Net Increases. Net income of the Washington, Baltimore and Annapolis Electric Railway Co. in 1926 totaled $32,071 after bond interest and depreciation. This compared with a deficit of $13,533 the year before. e s, IMPORTS DECLINE. Special Dispateh to The Star. BALTIMORE, February 8.—Imports through the port of Baltimore last week showed a decline of $856,756, compared with the previous week, while exports increased $8,821 during the same period, according to the weekly report of the collector of cus toms. Total imports for the week amounted to $1,750,010, of which $993 502 was admitted duty free, while e ports totaled $2,110,566. METROPOLITAN CHAIN. NEW YORK, February 8 (#).—Jan- uary sales of Metropolitan Chain Stores were $654,515, against $567,415 in January, 1926, a gain of 15.35 per cent. RUBBER QUOTATIONS. NEW YORK, February 8 (Special).— Crude rubber was quoted at 37% at noon; this compares with 40 last week and 69 last year. ‘The American Brass Co. has re- duced prices on brass, copper and nickeled silver materials one-quarter of a cent a pound. TUESDAY, FEBRUARY 8, 1927 CAPITAL TRACTION STOCK GAINS FINANCIAL. [ e BONDS o] Received by Private Wire Direct to The Star Offica (%) This table carries quotations received up to 3:15 p.m. A com- plete table will be published in the 5:30 Edition. UNITED STATES. (Sales are in $1.000.) Sales. High. Low. Lib3%s... Lib 2d 4s... Liblst4%s 2:55. 30 10113 10112 10113 11 1009 1006 1009 15 10312 103 10 103 14 Lib2d 4%s 213 10023 10021 10023 Lib3d4%s 88 10112 1019 10112 Lib4ath 4%s 72 10328 10326 103 28 US4%ss2. FOREIGN. Sales. High. Low. Argentine 6s Ju 59 9814 98! Argentine 6s0ct59. Argentine 6s A, Argentine 6s B. Australian 58 Austria 7s .. Bank of Chile 6%s. 10 Bank of Japan 6s.. 5 Belgium 6S........ 65 Belgium 6%s Belgium 7s. Belgium 7s ct Belgium 7%s. ) Bordeaux 6s. .. Brazil 6%s. +200 Brazil 7s.... .19 Brazil 8s. Chinese Gow Ry 58. Con Pow Japan 7s. Copenhagen 51s. Cuba 514 Czecho 1% Czecho 8s 1951. 7 Czecho 8s 1952 ct.. 12 Danish Munic8s A 5 110% 110% Danish Munic 8s B. 5 111 110% Denmark 6s 9 105 104% DEIn5% N 2 100% 100% Dutch East 16s47. 14 102% 102% Dutch East 1 6s62. 8 102% 102% Finland s £ 6s46... 12 95% 95% Finland 7s. .. Framerican 73, French 7s.. French 71%s French 8s. . 10: Y German E1P6%s.. 2 99 98% German7s. ... 76 108 107% Ger Am Bank 7s... 25 102% 102% Ger Gen Elec 7s 1 105% 105% Greek 7S.......000 17 9% 94 Holland-Amer 6. 96% 961 ttaly 7s. . % 95% Japanese 4s 91% Japanese 61;s. 54 101% 101% Jergens U M 6s 5 105% 105% Lyon 6s. .. 66 96% 95% Marseille 6s. 40 96% 96 Mexico 4s 04 asntd. 25 28% 28% Mexico 4s 10 asntd. 20 23% 23 Mexico 5sasntd... 31 41 40% Montevideo 7s..... 2 102 1013 Netherlands 6s54. 5 103% 103% Netherlands 6s72. 28 108'% 107% Nord 6%s 1 96% 95% Norway 5 6 100% 100% Norway 6s 19 . 2101% 101% Norway 6s 1944 8 1024 101% Norway 6s1952.... 3 101% 101% Orient Devdeb 6s.. 19 97% 96 Faris-Ly-Med 6s.. 316 93% 92% Paris-Ly Med 7s... 34 100% 99% Paris Orleans 7s... 25 100% 99% 19 101% 101% 1 104% 104% 10 83% 83% Poland 8s. . 30 95% 95% Porto Alegre 8s. 1105 105 Prague 7%s. . 3 105% 105% Queensland 6s..... 1 105% 105% Queensland 7 . 8113 ' 112% Rhinelbe Un 7s.... 68 124% 124 Riode Jan8s47... 7 Rio Gr Do Sul 8: Sao Paulo City 9 Sao Paulo 8s1936.. 9 105 104% Sao Paulo 1950. 2 106% 106% Saxon (PW) 7s.... 6 103% 103 Seine 7s 42... 60 101% 99% Serbs Crot Slo 8s.. 26 102% 102% Sotssons 6s. . 12 95% * 951 Sweden 53%s et 2 103% 103% Swiss 515 1946 13 103% 103% Toho Elec Pow 7s.. 24 98% 98 Tokio 5. 1 78% T8% Utd Kingm 1 117% 117% Uruguav 8s....... 2 109% 109 Yokohama 6swi.. 99 96 95k MISCELLANEOUS. Am AgriChem 7%s 2 104% 104% AmSmit& R1stbs 8 101% 101 Am Sugar ref 6s... 104% AmT& Tecltr4s.. AmT& Teltrbs.. Am T & Tsf 5s.. Am T & T deb 5%s. Am Water Wks 5s. Anaconda 1st 6s. Anaconda ev db 7s. Andes Cop 7s rets. . 10 9 18 Armour&Co 43sTf 4 92% Armour Del 8%s.., 14 95% Associated Oil 6s. 3 103 Atiantic Refin s, . 1 101 Barnsdall 6s ctfs.. 65 106 Bell Tel Pa 5s B. 14 103% Bell Tel Pa 5sC. 9 104 Beth Steel pm §s... 1 98% Beth Steel 5853, 15 99% Beth Steel 6s ..... 43 1024 Chile Copper 65 32. 24 110% Jommonwith P 6s. 6 105% Con Coal Md 1st5s. 5 8l% ConGasN Y 5%s.. 8 106 Consumers Pow 6s. 12 102% Cuba Canecv 7s... 3 993 Cuba Cane cv 8s Cuban Am Sug § Denver Gas 5s. Dodge w 1 6s. Dug L & P5%s 49. Duquesne Light 6s 3 106 Empire Fuel 615s..223 111 Empire G & F 7%3. 43 108% Goodrich 6%s..... 2 108 Goodyear 8s 1931 9 110% Goodyear 8s 1941 1 121% Hershey 53s. . 52 102 Humble O & R6%s - 1 102} 102% ilinots Bell 1st 6s. 14 103 102% Lilinois Steel 4%, 6 9T% 9T% Indlana Steel 5s. 2104 103% Int Mer Marine 6s. 34 99 98% Int Paper 5s 47 8 97% 974 int Paper 6s. .14 102 101% Int T&T5%s. 14 109% 109% Kan CP&L 58 A 63, 1 103% 103% Kan G & E16862... 2 104% 104% Kelly-Spring 8s... - 9 104% 103% Lackawa $5850... 3 100 99% Laclede G 5%8 52.. 15 104% 104% Lorillard (P) 6s. 1 98% 98% Lorillard (P) 7s. 1 117% 117% Loulsv G & B6s52. 6 Manati Sug st 7%s Mid-Con 6%s 40 Midvale Steel 5: Montana Pow 6s. New Eng Tel §s. N Y Idison 58 44. N Y Edison 6%s. NYGELH&P bs. N Y Tel 6s 41 N Y Tel 63 49. North Am Ed 6s. North Am Ed 6% Nor Ohto T & L 6 Nor States Power b Pac Gas & B 5s. rac I' & T Ist 6s. Pac T& THs62.... Pan-Amer Pete 6. 108 Pan-Amer Pete. 7 Phila Co 5%s 38. 3 PhilaCorfésA... 11 Phila& RAC& 168 6 Public Service 6sv. 12 Remingtn Arms 6s. Stnclair O1i 68 Sinclalr O11 6% Sinclair O 7s CrZearenanee®a 2 Sin Crude O11 6s. 7 Sin Pipe Line b 59 So Por Rico Sug 78 4 Southwest Bell bs 4 Stand O1i NJ 5s w1 32 Sug East Orlent 18 (1; 1 3 19 U S Rub 7%s. 2 U S Steel sf 68 11 Utah Pow & Lt 53 12 Vertientes S 8. 4 Warner Su 8 Warner Sugi7s 41.. 21 7 11029 11027 11029 2:88. 98% Sales. High. Low. 2 1 West Elec 5s 3 102 101% 10 Westn Union 6 4 112% 112 112% Westinghouse b: 32 101% 101 101% Wilson & Co 1st 63, 6 102 102 102% Winchester A 7%s. 3 106 106 106 Youngstn S&T 6s.. 15 104% 104% 104% RAILROAD- Ann Arbor 4s. . 9% 79% T9% Atchison ad) 4s 90% 90% 934 93% 921 92% 94 94 Atlan C L 4%s 64 9815 981 e 104% 104% 94 94 97% 9T% 100% 101 101% 101% 105% 105% 4 102% 1027 108% 108% 93% 93% 63% B & 0 SwDIiv 58 cfs l7 102 102 102 B & O Toledo 4s 83% 8315 83y Brdwy & 7th Av 8% 8% TB% BKIyn Manhat 6s.. 133 98% 98% 98% [ Buff R& Pitt 4%s. 16 95% 95% 954 Can Nat 4%s 30 5 100 99% 100 Can Nat 4%.s 54 3 95% 95% 95% Canad North 6 12 118% 118'% 118% Canad North 7s. 12 115% 115% 115% Canad Pacdebds.. 9 84% 84% 84% Can Pac 4%s 46 9 96 96 Car Clinch &0 5s.. 1103 103 103 Centof Gab%s.... 1105 105 105 Cent of Ga 6s. . 12 102% 102 102 Central Pacific4s.. 5 91% 91% 91% Cent Pac 1st 5390. 9 101% 101! 101% Ches&Ocvils.. 15 99% 99% 999 Ches&Ogn4lps.. 7 3 3 Chi & Alton 3%s. . Chi B & Q gn 4s53. ChiB&Qlstrf5s. 3 Chi & E L1l gn 6351 54 Chi Gt West 4359. 645 CM&PugetS4s.. 11 CM&StP4s25...189 C M&St P 4s25cfs 93 11 2 CM&StPdbds... 15 60 60 CM&StPcvials. 42 61% 59% 61% CM&SPcv4l:s32¢efs 66 61 60 61% CMA&StPrf 4% 46 61% 60% 61% CM&SP rf 4358 cf14217 61% 60% 61% CM&StPev5s... 11 60% 60 60% CM&SPcvsscfsid 10 60 60 60 Chi & NW gen4s... 5 91% 9“& 91% Chi & NWref6s... 7 104% 102'¢ 10‘\6 111% 111% 5% 2% 92 96 96% Chi T H inc 6s60.. 1 9% 91% Chti Un Sta 4%s. 1 9T% 9Th CCC & St L 5s. 4 1023 103% 103% CCC&StLrt6sA. 19 1024 102% Clev Term 55...... 1 104 104 Clev Term 5%s. .« 2 110 110 C&S 1stds29. 8 99% 99% Colo & Sou 4%s. 5 97 97 Cuba R R 5s. 2 95% 95% Cuba Nor 6s 66 2 102% 1024 102% Del& Hud 1strf4s 9 93% 93% 93% Del & Hud ovss 35. 93 117 116% 1164 Del & Hud 5%s.... 1 104% 104% 104% Den& RioGeh4s. 5 91% 91% 91% D&RIOGImp5Ss.. 1 99% 99% 99% D Rio G West 58...322 78% 78% 784 Det United 4%s. 94'% 94w 944 Erie gen 4s. . % T6% T6% Erieconv4sA.. 81% 8l% 8l% Erfe conv 4s B. 8% 8l 8lk Erieconv 4s D. 90% 89% 89% Erfeconv ext 7s... 2 106% 106% 106% Erie & Jersey 6s... 10 113% 112% 112% FlaEC5sT4...... 44 99% 98% 99 Gr Trunk stdh6s.. 1 107t 107% 107% GtNor 4%s76D.. 6 95 95 Great North 5s.... 9 103 102% 108 Great North 5%s.. 11 109% 109% 109% Gr Nor gen 7s. 113% 113% Green B & W db B. 4% 24 244 HavE Ry 5%srcts 7 89 89 89 Hocking Val 4%s.. 1 98 98 98 Hud & Man ref 55.. 27 98% 98 98% Hud & Man aj 5s... 32 86% 86% 86% Il Cent ref 4S..... 4 94 93% 93% 11 Cen 45 53. 3 88% . 88% 884 111 Cen 4%s 66. « 37 97 96% 96% 11l Central 5%s. ... 22 102% 102% 102% Int Rapid Tran 6s. 17478% 77% 774 Int Rap Tr 6s stpd. 63 78 ™% 78 Int Rap Tran 6s... 3 80% 80% 80% int Rap Tran 7s. 11 98% 98% 98% Int & G Nor 1st 6s. 5 106% 106% 106% Int & G Norad 6s..177 92% 91% 92 IntRysCA5s72.. 17 77 6% 177 Int RepC Am 6541 15 95 95 95 lowa Cent rf 4s. 20 Kan City Ft S 4s 92% Kan City Term 4s.. 4 Lake Shore 4s 28 99% 99'% L &N 4%s2003. 100% 100% Louis & Nash 5s B. 106% lfl?‘u Louis & Nash 7s... 105% 105% Man Ry 15t 90. ... 69% Man Ry 2d 4s 2 . 6214 Market St 7s 40. ‘.77‘_4 Mil El Ry & L 5851 Mil El Ry & L 58, M & St L 1st rf 4 M StP & SSMcn ds ';0 ssv MStP&SSMbls. 2 86% M St P&SSM6%s 11 101 MK&Tadj5s.... 66 99% MK&TprindsA, 7 102 MK&T6sC...... 3 103% Mo Pacific gen 4s.. 55 77% Mo Pac 58 1965 29 100% Mo Pac 6s 49 D 29 109 Mo Pac 6s 55 B 24 107% Mont Trmref 5s 41 3 991 Nassau E Ry 4s57. 3 61% NOTex &M5sB.. 10 100% NOT&M5%% . 20 105% NYCengen3dls.. 1 80% N Y Cent 4s 98.., N Y Centdeb 4s... 1 NYCrfim4%s13 N YCentribs.... N YCentLScl3%s NYChI&StL 5%sA. NYChi&StL §%sB. NYC&StL6sA. Néw Hav deb 4s 57 New Havencd 6s. . N Hav&H cit 6s 40. N Y Ont W Ist4s.. NY O&W gen 4s 55 N Y Rys6s65..... N Y State Ry 4%s. NYStateRy 61s 62 NY W & Bos 43%s. Nor & S gen 58 54.. Norfolk & W cn 4s. Norfolk & W cv 6s. Nor Pac 3s 2047. Northern Pac 4s. .. Nor Pac 4%s 2047, 31 97% Northern Pac 6s D. 8 103% Northern Pacr 1 68 Ore Short L rfs 4s. Ore Wash Ist 4s... Pennsy! gen 4%s. Pennsy| gen 6s Pennsyl 5s 64 Pennsyl 6%s Pennsyi goild 7s. Peoria & B Inc 4s. PUC&SLL 58 B 75 Port RL & P 6s 42, Port RL & P 6s 47. Reading gen 4%s, RI0 G West el 4s... R1Ark& L alks. StLIM&S4s29... StL 1 M&S gn 5s 31 St L IM&S R&G 48 StL&SFoplisA. 32 854 StL&SFprinbs. 13 101 StL&SFadj6s.. 61 99% StL&SFinchs.. 39 97Y% StL&SFpl6sC.. 19 101% LS W e 1 94% P& K 3 93 U 2 105% Seab A L con 6s Seab All Fla 6: Sou Pac 4s 29 Sou Pacific ref 4s.. 22 91 Sou Ry gen 4s..... 33 864 Sou Ry Con 53 94.. 1 107% Sou Ry 63566 ..... 10 [13% Southern Ry 6%s.. 13 120% TexArk FS5%s50 1 103% Inird Averef4s . 12 65% Third Ave ad) 5 136 h‘!% Tol StL & W 4s. ol I'r L&P 5% z Jfl“: Union Pac ist 4s 25 96 Union Pac 7 924 tnlon 26 99% tinton 18 102 VaRy &P 8 9% Wabash 5%s 75 . 1 104% West Marviand 48 159 81% West Shore 45 2361 9 X6 Wilkes& E 1st5s.. 5 76 Wisconsin Cent 45, 2 83% 2 105 101% 103% 6% 100 108 107% 99%, 6114 100% 801 90% 967 105% 105% 91% 973 103% 113% 9834 873 ' 99% 109 102% 1z 100% 9844 844 95% 9844 100% 85% 100% 991y 97 101% 94% 93 wsh 7« 8% 98% 113 120 108% 6514 62% 20 9915 95% 92 99% 1013 104% 814 867 76 83% 101% 103% T6% 1001 109 107% 9% 6114 100% 105 80t 90% 967% 105% 105t 1 917 9T% 103% 1133 98 ST 99% 109 102% 93% 1003 99 84% 95 981 190% 3% 854 100% Y916 974 1014 105% 89N 761 863 107% 113 120 103% 65'e 63% 814 R6% 76 83% FOREIGN BOND LIST - STARTS RECOVERY Market Hardens on Strictly High-grade Issues—Rails Show Strength. BY GEORGE T. HUGHES. Special Dispaten to ‘Lhe Star, NEW YORK, February 8.—Thres reatures stood out in today's bond trading. One was the first appearance of support in foreign groups, whero realizing sales have been going or for almost a week. Another was the activity in the bonds of those rail the stocks of which were the objects of such excited speculation on the ex- change. Finally, there was a harden ing of the market for the strictly high grade investment issues. The recovery in the foreign list w: most prunmm.m in French oblig tions. Gains in all the principal is sues in this part of the list were re corded early in the day. French s crossed 102, for.a gain of more than a half point; French 7Ti:s sold abov 110, which was an adv of over a point, and French 8s gained as much when they crossed 109. Department of the Seine 7s, which had changed hands below par on Monda above 101 today. All three French cities 6s were higher, were the French industrial way bonds. and so and rail- Elsewhere in the foreign group Italian 7s were higher, Belgian were firm, German 7s gained fractionally, and there was a better demand for Yokohama 6s and for Brazil obligations generally. Interest in the railway class cer tered about such bonds as Chicago Great Western 4s, which sold in vol issues ume above 72 at approximately the high of year, and in Erie con- vertible “D" "4s, although here the price movement was more irregular. Chicago and Alton 31s were up at one time, but trading in the St. Louis- San Francisco junior bonds and in Missouri-Pacific general 4s was not so co fident. Opportunities for specula- e profit in this grade of bond are limited by the large advance all of them have enjoyed since the first of the year. Union Pacific first 4s was the leader in the high-grade group. Selling® av 96, they duplicated the 1927 recor All the Liberties were firm and mo of them slightly higher. Domestic industrials were irregular. Third Avenue adjustments broke nearly point on small offerings. Barnsdali 6s with warrants gave w. “»”‘h the stock. Brooklyn Manhattan 6s were down nearly half a point. On the other hand, International Mercantile Marine 6s held well around 99 in the face of the unofficial estimate that. operating income in 1926 would be a million (lc-ll.u‘s less lhfln in 1925, WHEAT PRICE HIGHER IN TODAY’S DEALINGS Firmness at Liverpool Tends to Hold Values Up at Chicago. Corn Is Easier. By the Associated Pre: CHICAGO, February 8.—Indications of a cold wave had a strengthening influence on wheat today toward the last. Practically all territory is with- out snow protection. On_ the other hand, export demand for North American wheat was slow and the world’s available supply increased 2,304,000 bushels for the week. Wheat closed firm, 3 to 1 cent higher, corn % to 3 up, cats un- and 3 advance and provisions from 5 cents de- cline to a cents. Mild weather in European wheat re- gions was reported today as causing crop damage. Besides, anxiety as to possible further injury by a freeze in the absence of snow covering also was noted, especially among growers in Sdandinavia. Meanwhile, notwith- standing predictions of heavily increas- ing supplies on ocean passage, evi- dence continued of ready absorption of wheat available at Liverpool for im- mediate use. Uncertainty over the MeNary-Hau- gen agricultural Dill at Washington was chiefly effective here today as a deterrent to trading on either side of the \\h&ull market.. In many f]\nllt‘l‘* JuReeh e ot September DIVIDENDS RESUMED. V YORK, February 8 ().—Diy idends were resumed today on the common stock of the Remington Typewriter Co. at an annual rate of $5 a share, with a quarterly disburs ment of $1.25, the previous payme: ng been $1 a share on October 1 9 It is payable March 31, to holders of record, March 12, Regular quarterly dividends of $2 a share on the second preferred and $1.75 on the first preferred also were authorized. MERGER PLANS PROGRESS. NEW YORK, February 8 (#).— Plans for a merger of independent sheet steel makers are ‘reported from Youngstown to be progressing. W. H. Davey of the Mansfield Sheet & Tin Plate Co. is expected to head the consolidation, which will have int capitaliza.ion of about $25,000,000. iy - MORE LEAD RECEIVED. NEW YORK, February 8 (P).— Smelters in the United ~States re- ceived 53,095 tons of lead ore in De- cember, including 22,087 tons from Mexico, compared with a total of 52,023 tons in November, the Amer: c.a Bureau of Metal Statistics re ports. The year's total was 621,072 fons, against 695,664 In 1 BOOKINGS ABE LARGER. NEW YORK, February $ (P).— Bookings of Worthington Pump Machinery_Corporation for 1926 were somewhat in excess of 1925, when orders aggregated $15,929,703, says L. J. Belnap, president. “We see nothing in the future to make us anythin; but_optimistic for the early part of 1921, particualrly inf our Diesel oil el- gine development.” WILL SPEND $57,000,000. NEW YORK, February 8 (#).—The construction budget of the . 2ublic Service Corporation of New Jersey for 1927 will exceed $57,000,000. Contracts for 200 new busses are expected to be placed shortly. — PROFIT IS LARGER. NEW YORK. February 8 (#). —The preliminary statement of Louisiana Oil Refinuing Co. for 1926 shows profit of $2.365,974 before Federal taxes, . @gainst $992,179 in 1925.