Evening Star Newspaper, March 4, 1927, Page 14

FINANCIAL, STOCKS CONTINUE | GLIMBING TODAY Motors, Rails, Steels, Oils and Sugars Leading—In- dustrials Are Strong. Abitibt Pow (5). Adv Rumley. Adv Rumley pf. Ahumada(t6uc). Alr Reductn(16) Ajax Ruber... Alaska Junea. .. All Am Cable(7) Allled Chem (6) Allied Cm p£(7). Allis Chalm (6). Amal Leather-. .. Amal Lthr pf(7) Amerada (2).... Am Agricul Chm Am Agri Ch pt.. Am Bank N (2). Am Bk Not pf(3) Am Bosch...... Am Brake Sh(6) Am Br Bov EI(2) Am Can (2)..... Am Can pf (7).. Am Car&Fdy(8) AmC&Fpt (7). Am Chain A (2). Am Chicle (3).. Am Chicle cts(3) Am Drug....... Am Express (6) Am & For Pow., Am&Fo Po pf(7) Am Ho P(2.40).. {Special Dispateh to The St NEW YORK, 4.—Motor stocks, the rails, and metal shares, some of the oils and sugars, and a large number of prominent in- dustrial speclalties resumed_their up- ward movement on the Stock Ex- change today. In many instances the advance was pronounced with new high records for the year common. It was evident by the rebound of in- dustrials favorites, which were pressed for sale during the two days of de- cline earlier in the week, that a good sized short interest had been built up. ‘The professional element was having difficulty in getting in its outstanding contracts and once the upward move- ment got under way the demand be- came urgent. General Motors at New High. Am Internat](z) General Motors, above 171, estab- [ J70 Bt (2) Yished a new high record for the year. | A7 p0 CF (8020 Other motor stocks were taking thelr f ot F0er BE (03 cue from the action of General Mo- f it oot 13 tors and at times the demand for |y \rte o S0 Hudson was pronounced. Mack | am bog re (g1) "Trucks bore its share in the improve- | am Ragiator(s) ment, while Du Pont and Chrysler | am SatetyR(33) were substantially higher most of the | op, Smelting (8) session. Heavy liquidation of Strom-|am S & R pf(7). berg Carburetor, which followed the | Am Snufe pf (6), drastic cut in the dividend rate two | Am St) Fys (3) days ago, was completed, for the}am Sugar(5)... time being at least, and the price held S € Am Sugar pt (7) arvound the previous final quotation | Am Sumatra..., of 37. Am Tel & Ca(5). The further advance in the market | Am Tel & Tel(9) for the copper metal carrying theAm Tobacco (8). price to 13%, the highest since last | Am Tobacco B(S December, was reflected in rather | Am Tobac pt (8) heavy buying of copper shares repre- | Am Typ Fdrs(8) enting low cost producing companies | Am Type pf (7). like Kennecott and Chile. Both|Am W W (c1.60) stocks, selling ex their quarterly divi- | Am Woclen. ... dends, retraced most of the amount | Am Wool of (7). deducted from the selling prices. | Am Writ Pa ctfs *The tendency toward high prices for | Am Zine pf..... the metal naturally has had the effect { Anaconda (3)... ©of stimulating production, Armour of III(A According to latest statistics, more | Armour of 111(B’ copper was produced in February | Arnold Con&Co. than in any month during 1926, with | Art Metal (t135) foreign sales totaling 60,000 tons. ! Asso Dry G(213) American Smelting and Refining was | Atchison (+7%). #ympathetically influenced, although | Atchison pf (5). it still has as an incentive for the de- | Atlant CL (18). mand at new high prices the highly | Atl Gulf & WI.. favorable showing in the 1926 report. | Atlantic Refing s Galn, Austin-Nichols. S e Baldwin L (7)., Low-priced rails, particularly those | Balto & O (6. 4nvolved in the recent merger rumors, | Bang & Ar (3 #gain came to the front at intervals. | Bang & Ar gP(7) Substantial gains were recorded in | Barnsdall A (2). AWabash, preferred and common; the | Barnsdall B (2). NVestern Marylands, Kansas City | Bayuk Cigars. ., Bouthern and New York, Ontario & | Bayuk 1st pf(7). ‘Western. ~ Atchison was prominent | Belding Bros (2) among high-grade dividend payers, | Bethlehem Steel while others in this category were | Beth Stipt (7).. either holding firm or were in demand | Bimingdle pf(7) #lightly above previous closing quota- | Booth Fisheries. tlons. Botany C Mills A There was nothing in the situa- | Briggs Mtg (3). tion of the rubber and tire companies | Bkin-Edison (8) themselves to account for the buying | Blkn-Mn Tr (4). Open High Low. Close. 8712 88% BTl 88 131 13w 13% 36 36 36 5% 4% 5 148% 148% 145% 147'% 11% 12 1% 11% ¥ 1% 1% 1% 16743 167% 167'% 167 1407 142% 139 139% 121% 122 121% 122 95% 97 94% 9% 19 19% 17% 18% 104 104 104 104 35 35 3d4% 344 2 12% 40' 4% 58 b8 57 16% 16% Y% 16% 145 145 142 142 35% 385% 35 354% 49% 49% 485 48% 129 129% 129 129% 106% 106% 104% 105% 129 129 129 129 304 304 30% 30% 46 47 46 46% 44% 4% 443 44 10% 10% 10% 10% 13215 1324 1324 132% 20 21 20 20% 891 90's 89% 90% 32% 327 32% 32% 131 131% 86% 86% 86% 86% 39 391 39 394 8% 84% 84% 8% 59 59 584 b58% 113% 114 112% 112% 122 122 122 122 41% 41% 41% 41% 57'a 57'a 56% b56% 115% 116 114% 115 66'n 564 55 55 152% 153'% 149% 151 120% 120% 120% 120% 99 9! 12% 4018 48'% 84 84 83 83 109% 109% 109% 109% 50% 51% 49'% 49% 27 27 27 159'%% 159% 159% 159% 123 123 12215 122% 121% 121% 121% 1217 112 112 112 112 143 143 143 143 109% 108% 109% 109% % 76 8% T4 28% 24% 23% 24 74 k) 2% 2% M 1% 1w 1% 484 48's 48% 4815 4 4AT% 4T 4Tw 1 13% 13% 134 T 7% T Tw 23% 23% 28% 23u 23% 234 23% 234 ] 429 42% 41 41% 170% 170% 168 169% 100 100 100 100 189% 189% 188 188 36 36 35 85 114% 115% 112% 112% 8 8 8 8 192'4 19215 185% 187% 113% 113% 113 113% 57% 57% 57 57 107 107 107 107 83% 34 334% 33% 31% 324 31% 32 56% 564 b4% 55% 104 104 104 104 23% 23% 23% 23% 50'% 51 107 107 m 26% 26% 26W 26% 32% 33% 32% 334 152% 1524 152 152 68% 69% 6814 69% 88 88 88 2% 92 92 32% 32% 32% 32% THE EVENING STAR, VVASHiNGTON. D. C, FRIDAY, MARCH 4, 1927. STOCKS SHOW STRENGTH TODAY IN TRADING ON EXCHANGE HERE Capital Traction at 1074—Prices Also Are Strong on Bond Side on Wash- ington Board. Erle Stm S(3%) Eureka Va f143§ Exchange (1%). Fairbanks (3). Famous P (18). Fed Lt&T (k1.40) Fed Min & Smelt Fed Min pf (7).. Fed Mot Tif80c) Fisk 1st pf ev(7) First Nat Sc1%) Fisk Rubber. ... Fisk 1st of (7).. Fleischmann(3) Foundation (8). Fox Film A (4). Freeport Tex (2) Gabriel Sn (3%) Gen Am Tnk (3) Gen Asphalt.... Gen Asph pf (5). Gen Cigars (4).. Gen Elec (h3).. GenElec sp(60c) Gen Gas Acel %) Gen Motors (8). Gen Outdr Ad(2) Gen Ry Sig (5).. Gtmbel Bros. ... Glidden pr pf(2) Gold Dust...... Goodrich Ru (4) Goodyear pf (7). Gothm S H(2% ) Gotham new 234 Gotham 1st (7). Granby Consol. . Grt North pt (6) Gt Nr Ore(113%) Grt Westn Su (8 Gt West S of (7) Green Canan.... Guantanamo..., Gult Mo & Nor., Gulf States (5). Hartman A (2).. Hart B b10% stk Hayes Wheel. Hoe& Co A. . Houshld P (3%) Houston O1l. Howe Sound Hud Man (2%). Hudson Mo(3%) Hup Mot (1.40).. Illinots Cen (7).. Il Cen Isd 11 (4). Indep OM (1) Indian Refints IndianRefg ctfs, Inland St (2%). Inspiration (1). Interboro Rap T1 Intcontl Rub(1). Int Bus Ma (4). Int Cement (4).. Int Cement p£(7) Int Com Eng (2) Int Harv (J6). Inter Har pf (7, IntMtch pf(3.20) Int Mer Marine. Lat Mer Mar pf.. Int Nickel (2)... Int Paper (2). Int Paper pf (7). Int Ry Cent Am. Inter Salt (6). Int Tel & Tel (6) Intertype (t13%)_ Jewel Tea...... Jones Bros Tea. Jordan Motor.... KCP & L 1st (7) Kan City South. Kan C So pf (4).. KayserJ (4).... Kayser stk rts. . Kelly-Spring... ly-Spring pf. Kelly-Spring 1st Kelsey Wh (8).. Kennecott C (5). Keystone T & R.. Kinney (G R). 9 7 115% 112% 113% 24% 24% 24% " 24% 94 9 94 94 42 43% 40% 41% 934 95% 95% 95% 109 109 109 109 4 4 4 4 11% 11%. 11% 11% 57 57 56 56 58% 59 56'% 56% 66% 66% 65% 65% 30 30 29% 20% 2 28 2 2 66% 671 661 67% 15 156 15 15 41% 41% 40% 41 187% 187% 184% 185 101% 101% 101% 101% 186 * 157%'164 154% 112 112 112 112 26% 26% 26% 26% svhich came into Fisk, Ajax and|Bk ManT pf(6; Xelly-Springfield. They were merely | Bkin Un G (4) influenced by the better outlook for | Brunswick B(3) the industry and the prospects of in-| Brunswick Ter. creased production during the com-|Buff Roch&P(4) 4ng months. Burns Bro (10), Crucible Steel maintained its place | Burns Br B (2). ©f leadership in its group, advancing { Burroughs (3).. #nto new high ground for the year.|Bush Terminal. No new developmgnts concerning in-| Bush Ter de (7). creased distributi®is to shareholders | Bush Trm pf(7). appeared to be forthcoming, but Wall | Butte Cop (50c). Street continued to credit the rumors | Butte&Super(2) that good things are in store for | Butterick (m2).. stockholders. Steel c%mmz'm"sali;\ed 'n Byer & Co. int at one stage, but fel e ef- lects of profit ufkemg at the higher | Calif Packg(4).. Jevel. Bethlehem and Republic both | Calif Petrol(2).. were bid up another point before the g;m:‘:“; ST —— Calumet&H(1%) SRR AT Can Dry (c2%).. PROFITS SHOW GAIN. |Sinreoe oy i CarCl&Ocfs sta5 galn Threshg. ()C rnia’s 1026 Net | Case Thrpf (7). Btandard of California’s 192 el A Income $78,642,328. Cent Leather. .. SAN FRANCISCO, March 4 (P).—|Gent Leatherctt, Net income of the Standard Oil Com- pany of California for 1926 was $78,- 642,328, as compared with $63,645,00 for 1925 on the individual properties of the Standard Oil Company of Cali- fornia, and the Pacific Oil Company before the two were consolidated. The figures were reported to the Stock- holders by President K. R. Kingsbury. After allowance of $18,670,314 for @epreciation and depletion and a re-| serve of $4,850,000 for Federal income tax, the net profit for 1926 was $55,- 122014, an increase of $11,492,718, or 26.34 per cent over the 1925 combined profits of the two companies before consolidation. The net profit amounts to 10.14 per cent on the combined {s- sued capital and book surplus of De- cember 31, 1926, and is equivalent to $4.38 a share on the outstanding capl- tal stock as of that date. pEessh ORDERS OIL TANKS. NEW YORK, March 4 (#).—The Texas Corporation has ordered 18 large tanks from Petroleum Iron ‘Works, each with a capacity of 80,000 barrels. About 7,000 tons of steel plates will be required. BUTTER IS HIGHER. CHICAGO March 4 (A).—Butter— Higher; receipts, 8,029 tubs extras, 5 4815a49; 715a48; = 46%. Eggs—Lower; receipts, cases; firsts, 23%a24. 223, 50 17,986 Ordinary firsts, INTERNATIONAL SILVER. NEW YORK, March 4 (#).—Net Income of International Silver Co. for 1926 rose to $1,470,647 from $969,- 317 the year before. SHORT-TE"'M SECURITIES. (Reported by J. & W. Seligman & Co.) 001 a Coppur 0 nciated Ol s 1 alimore & Ohio 6s 1 Canada_ bs 190 A Ry. C. 4338 1035 Central of Georkia fs 1920 . Chi. Mil « St, Paal Ga 1934 Chile Coprer conv. 68" 1032, Sty of 6s 1 . ‘olumbia s & Co ‘Tlan 1930 Y. Airbruke Tst 6x 1928.. New ‘York Tel s 1941~ Oregon Shor 9 s 1033 i ¢ 083 coss 1000 P ; i Std” ol e d E:wu Cnion P TREASURY CERTIFICATES. (Beported by J & W. Seligmap & Rate—Maturity 4 15 Federal Water ice Corporation Cent Leather pf. Century Rib M., Century R pf(7) Certain-Teed(4) 47% 4T% 47 47 Certain-T 1st(7) 110% 110% 110% 110% Chandler pf(2%) 23 23 22 22% Ches & Ohlo (8). 166% 157% 155% 15654 Chi&Alton..... T % 6% Th Chi& Alton pf.. 104 10% 9% 9% 15% 16 14% 1654 27% 28% 26% 27 14 14 13% 13% 2% 21% 21 21 13% 18% 12% 12% 21 21 20% 20% 83% 84% 83 83 133 133 130 130 81 81% 80% 81 97% 97w 9T 9Tk 106% 106% 106% 106% 60 60 60 60 Childs ($2.40)... 51 61 61 51 ChlleCop (2%). 36% 36% 36% 36% Christie B (1.20) 38% 38% 38} 38% Chrysler Corp(3) 43% 43% 4215 424 Chrysler pfA(8) 105 105 105 105 Cluett Peab (5). 66 66% 66 66 Coca-Cola(17%) 182% 182% 182% 182% Collins & Atk(4) 80% 84% 82% 82% Col Fuel & Iron. 62% 62%h 59% 60l Col Gas & EI (5) Col G&E pf At Col Carbon (4. Com Credit (1): Com Crpf (1%). Com Cr pt B (2) Com Inv (3.60).. Com Solv B (8). Congoleum N... Cong Clgar (4).. Con Cigars (7)., Chi Great West. Chi Gr West pf. Chi MII&StP.... Chi MI1&StP pt. C M&StP ofs. C M&StP pt cf: Chi & Nwn (4).. Chi Pne Tool (6) Ch! Rock Is (5). CR1&Ppt (6 CRI&PpL(7 ChiStPM &O.. 19% 19% 19% 19% 22% 22% 22 22 22% 22% 22% 22% 55% B565% 50 50 271 273 263'% 268% 20 20% 19% 19% 53% 53% 83 81 Consol Gas (6).. 99% 99% Cons Gasrts. ... 4 4 Cons Gas pf rts. 90 ConRRCuba pt 8 727 4 Consol Textile. . & Cont Baks A (8) Cont Baking B.. Cont Bak pf (8). Cont Can (5). Cont Mot (80c). Corn Prod (12% Coty Ine (53... Crucible Steel(6" Cuba Cane Sugar Cuba Cane Su ot Cuba Compy (3) Cuban Am S (1) Cudahy Pkg (4). Cushman's (§8). Cushman pf (7). Cushman pt (8). Davison Chem. . Del & Hud (9).. Del L & W (17). DRG Wstpf... Detroit Ed (8).. Devoe & R(2 40) Dodge BrosCl A Dodge pf (7)... Dome Mines (2) Doug Pect(12%) Dupont (8) Du Pont deb Duquesne pf (7) 53% 81 106 106 108 30% 29% 29y 182 181 181% 150% 148 148% 556 b4% 65 139 139 139 9 39 39 4 244 25 B3Ys B3% 83 8% 89 8% 56 54 55 194% 1891 192 109 108% 109 114% 114% 114% 132% 131% 132 256% 26 256% 14% 14w 8% 77 14% 183% 184 17% astmao (18). . ton Axle (2). Eisenlohr & Bro 1 AutoLt(18%) Blectrio Boat. .. Elec Power & Lt Elec P& L of(7) EP&LDT 0% (1) Eleo Refrig (2). Slee Sto Bat(t6) | &1k Horn... 99 987 106'% 106'% 106% 34 33y K1k Horn pf. ... { 9nd-John 16)... has acquired control of the Alabuma ‘Water Co., serving a large industrial region in that State. Engineers Pub S Kinney pf (8)... Kraft Ch (11%) Kresge SS(1.20) Kresge Dept S Kress SH (1)... Kupenhm pf(7). Lambert Co (5). Lee Tire & Rub.. Lehigh Val(3%) Lehn&Fink (3). Lig & My B(f14) Lima Loco (4)., Liq Carb (3.60). Loew's Inc (2) Long Bell A (4). Loose-Wiles (8) Lorrilld b8% stk Louisiana 011, LouisGasA(1.75) Louls & Nash(7) Ludlum Steel(2) McCrory (1.60). McCroryB(11.60) McCrory pf (6). Mack Trucks.(6) Macy H R & Co. Magma Cop (3). Man El Sup.(5). Man El m g (d5) Man Shirt (1%). Maracaibo Oil... Market St prior. Marland Oll (4). Marln Rock 12% Mathieson (4) May Dept S rts. . Maytag Co(123%) MetroG pf(1.89) Mexican Seabd.. Miami Cop (1) Mid-Continent. Middle States. Mid States Ofl et Minn & St Louls. Minn & St L ct.. Mo Kan & Tex.. MoK & T pt (6) Missourt Pacific Missour! Pac pf. Montana Pow(5) Montgmry W(4) Moon Motor.... Mothr Lode (76c Motion Plo (1).. Motor Met(3.60). Motor Whi (2).. Mullins Body. Murray Corpn Nash Motor (4). Nat Biscuilt (5). Nat Biscu pf (7). Nat Cash R(A)3 Nat Cloak & Suit Nat Cloak pf (7) Nat Dairy (3)... Nat Dpt Store: Nat Distillers... Nat Distillers pf Nat Enamel & S. Nat Lead (8).... Ni Nat Supply (4). Nat Tea (4)....0 ada C (1%). NOTex&M (T) N Y Air Br (3).. N Y Canners.... NY Central (7). NY Chi&StL(11) NYC&StL pf(6) NY Dock....... Y & Lack (7).. NY NH&Hart. .. N YOnt& W NY Rys part cfs Norfolk Soutn.. Norf & W (8).s. NthAm b10% stk North Am of(3) NorAm Ed pf(7) North Pac (6).. Northwn Tel (3) Norwalk Tire... Oll Well S of. Opnbm., Col (4 Otis Elevator (8 Otis Elev pf (6). Otis Steel. Pao Gas&El new Pac Oll Stubs... Pac Tel&Tel rts. Packard (12.90). Paige Motor.... Pan-Am (6).... Pan-Am B (6).. Pan-AmWnB(2) Panhandle. ..., Park & Tiiford. . Park Utah(80c) . Pathe Ex (c3) 284 % Eaquitable of (7). 122 122% L Erte R R. 46% 46 \(rlo 1stpt. 58 69 56% 67 'atino Mine: Peerless Mot. Penlck&Ford(1) NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Oven. High. Low. Close. 26 26% 26 26% 64% 65 64% 65 1T 17% 17% 17% 41 41 40% 41 111% 111% 110% 110% 43 4 99 817% 28% 1024 92 82% 29 4« 1024 28% 18% 85% | 5214 125% 80 29% 8% Bl 424 42 161% 161% 29% 29% 16% 15% 25 25% 136 136 31 31 60 60 56% 57 100 100 107% 107% 138% 138% 36 36 64% 52 26% 24 40% 40% 100% 100% 13% 44ty 1684 8% 514 984 BT%, 514 314 4 104% 104% 64 108 109% B4 % 8 39% 394 26 26% 27% 28 Z); 2% 271 22% 41% | | holdings wer BY EDWARD (. STONE. Soth stocks and bonds were strong again today on the Washington Stock Exchange. Fifty shares of Capital Traction sold at 107!z, Railway & Electric preferred came out at 91%, while Potomac Electric Power pre- ferred sold at 108%. Riggs Bank sold at 465 and Washington Loan & Trust at 478. Merchants Transfer opened at 101 and advanced to 101%. : On the bond side Railway & Electric 4s sold at 8413, Georgetown Gas 5 at 100%. Potomac Blectric &s ap- peared on the board at 101, and Wa: ington Gas 6s, series B, brought 105. Small sales of series A bind registered 103 Seasonal demands for reserve tem credit made their first definite ap- pearance in the statement showing condition of the banks at the close of pusiness March 2. Rediscounts in the system as a whole increased $37,072 000 during the week to a total of 434, 644,000. At Richmond they increased $718,000 to ,597,000. But as a re- sult largely of larger member banks reserve dep the ratio of the fifth istrict increased to 6 from 75.94 per cent the week befor The ratio of the bined stood at 78.5, ag cent the previous week. $45,906,000 higher. Wholesale Trade Declines. Wholesale trade continued to decline in Januar les in six leading lines reaching lowest level for January since 1922, Federal Reserve Board’s combined index shows. While shoes utions com- _————— Pa Dix{eCt(3.20) 36 87 36 36% 12% 12% 58% 58% Penn-Seab Steel. % ] Peorla & East... Pere Marq(18). . Pere Marg pf(5) Pere M prior(5). PhilaCof %pf(3) Phila& RC&1.. Phila&RC&]1 efs. Philip Morris. Phillips Pet (3). Phoenix Hoslery Plerce-Arrow. .. Plerce-Ar pf (8 Plerce Oll....... Plerce Petrolm. . Pitts Coal...... Pitts Coal pf.... Pitts Term Coal. Pltts & W Va(8) Porto Rico Tob. . Postum (56)..... Pressed Stl Car. Pr Stl Car pf (7) Prod & Retiners. Producers&R of Prophy Br (13).. Pub Serv NJ () Pub SE&G pf(6) Pullman Co (8). Punta Aleg Sug. Pure O11 (12)... Purity Bak B(2) Radlo Corp of A. Rand Min(a1.57) Reading (15) Readinz 18t(2). . Real Silk Hos(4) Remington T(5) RemgnType cfs. Remingtn 1st(7) Remingtn 24 (8) Replogle Steel. . Rep Ir & 8ti (4). Rep1&Spf (7). Rey Tobac B(5). Roy! D(a1.33%). Rutland pt. Safety Cable (4) St Joseph Li(t3) StL & SanFr(18) StL&SanF pf(6) St L Southwest. St L Swn pf (5). Savage Arms. Schulte (3%). Seaboard Air Lin Seab Alr L pf... Seagrave(el.20) Sears-R (n2%). Shattuck F-G(2) 27 2 128% 123% 90 3¢ 34 130% 130% 78 T8 96 97w 54% b5dw 84 85% 26 26 46% 46% 58 58 34% 3d% 103 103 52% 53% 63% 54 45 45 104% 105% 41 158% 158 13 113 114% 114% 1% 12% 71 2% % 102% 102% 103% 103% 52 52 57% 57% 614 61% Shell Un (1.40).. Simmons (2).... Simms Pet(133). Sinclatr O11 Stnclair pf Skelly Oll (2). Sloss-Sheft (6).. South Port 8 (8) South Por pf(8). Sou Calif Ed (2) Sou Dairies A(4) Sou Dalries B... South Pac (6)... Southern Ry (7) StdOiICal(12%). Std OfLNJ(11%) Std O1I'NY (1.60) Std Plate Glass. SterlingPro(16). Stewart War (6) Strombg Car (2) Studebaker (5).. Sun Ofl (11)..e.e Superor Of Superfor Steel Sweets of Amer. Tenn Copper (1) Texas Corpn (3). Tex Gulf Sul (4) Tex & Pacific. .. Tex PC&O(60¢). Tex Land Trstn Third Avenue. .. ‘Thompson(3.60) Timk Roll B(16) ‘Tobac Prod (7). ‘Tob Prod A (7). Twin City (5)..0 Underwood (4).. Un Bag & Paper Union Carb (8). Union Ol (12%) Un Pacific (10). Un Pacitic pf(4) Utd Clgar S(e2). Utd Drug (8)... UtdDrg 1st(3%) Utd Fult(15%) USCIP&F(10) 2 U 8 Distributing U S Hoft (13% ), U 8 Alcohol (6) . U S Ind Al pf(7) USTobpt7)... Universul Pipe, . Ut P&LL A (02) Vanadiun Vick Ch Victor Tik Meh,. Victor ov pf (8). Vietor pr pt (7)., Va-Caro Chem, . v Va-Car Ch pf (7) Vivadou (3). Vulcan Detin. Vule Det pf (7). Wabash........ Wabash of A(5) Wabash B(5). .. Walworth (1.20) Ward Baking B. Ward Bak of (7) Warner Plc A. Warren Bros 107 168% 168% 118% 118% 33% 33% 36% 35% 12% 12% 108% 108% % 123 26 55% 55% 59 59 75 76 89% 89% 6% 57% 38% 21% 12% 1% 1% B0% 50% [ 6lla 614 14% 14% 20% 2L 58l 38l 49% 49'% 88 88ly 106% 106% 13 13 4% 4% 12% 13 63 63 472 4% 50% 5l 112 113% 48W d8% 164% 165 80 80 94 94 165% 166% 59 569 124 53% 53% 85 854 109% 109 56 57 647 65 m_ I 36% 36l 49 49 167% 167 L14% L14% 1294 129% M0 704 125 125 0% 30% 29's 29% 434 55 367% 90% 98% | and drugs sales were slightly larg groceries, meats, dry goods and ha ware were smalier than in January a year ago. Farm implements and agri- cultural machinery sales, which be- gan to decline in the Autumn of 1926, continued smaller in January than in the corresponding month last year. Tax Experts in Local Banks. ‘While the local banks have assigned their best informed tax men to assist their patrons in making out income tax returns, the Government has also furnished additional assistance in many of the banking institutions in Washington. These experts are al- ready on duty and wiil remain until the rush is over.. The plan was ini- tiated by the Riggs Bank and Union Trust Co. Deputy collectors are now stationed in the following banks and department_stores: National Metropolitan Bank, Federal American, Munsey Trust Co., Mer- chants Bank and Trust, Continental Trust, District National, Lincoln Na- tional branch, Columbia National, Commercial National, Woodward & Lothrop, Lansburgh & Bros. and The Hecht Co. The serv to the ta benefi the e is offered without cost er and is proving most host of people who find income tax regulation more or | less complicated. Other Financial Notes. ry sales of McCrory Stores 739,589 from ,182,535 in_February last year. dJ. Penney Co. sales for the month were $7,424,926, against $5,476,384 a year ago. Net railway operating income of the Southern Railway in January amounted to $1,771,000, as compared with $1,903,000 in January, 1926. ‘With larger income from ‘subsidiaries and from investments in Government securities, other income for the month is estimated at $500,000, as compared with §448.000 in January, 1926. The Washington Bank Women’s Club will hold a dinner meeting at the Iron Gate Inn at 6 p.m. on March 23, for the charter members. Plans for the formulation of a constitution are in progress and it is probable that an election of officers will be held after the dinner meeting. A committee claiming to own 50,000 shares of Chesapeake & Ohio Railroad stock has filed a protest with the In- terstate Commerce Commission against permission for the road to acquire control of the Erie and Pere Marquette railroads. LEASE RECOMMENDED. I. C. C. Examiner Approves B. & 0. Taking Over C, I. & W. R. R. > objection to the project of the Baltimore & Ohio Railroad to lease the Cincinnati, Indianapolis and West- ern Railroad was found today in the final report of an examiner assigned to investigate the proposal. The Baltimore & Ohio has pur- chased 96 per cent of the Cincinnati company and desires now to take its 343 miles of line into the Baltimore & Ohio system for operation. .. SAVINGS BANKERS T0 MEET. NEW YORK, March 4 (#).— Bankers of seven States, Indiana, Kentucky, Michigan, western New York, Ohio, western Pennsylvania and northesrn West Virginia, will gather in Cleveland, March 24, for a two-day session of the Central Regional Savings Conference of the American Bankers' Association. A debate on the question of install- ment buying, between Cleveland and Detroit chapter teams of the Amer- ican Institute of Banking, will be a feature. DEFICIT IS OFFSET. NEW YORK, March 4 (#) —The report of the B. B. and R. Knight Corporation from August 12, 1926, date of reorganization, to December 31, shows a deficit of $204,558, which Wwas more than equaled, however, by an increase in capital surplus due to :h: :]m[‘omb;el gmcome of a Federal ax claim whicl s pendin, 12, 1926, against L‘onv';ss &gc‘:.ugum FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) DPFox. Bid, Al Vield it Asked Vield b b bt 8555555535355 58, SSESRIES33SERS L RRRRRRARRER. FRRPREEF FS SRR FOREIGN EXCHANGE. (Quotations turnished »y W. B, Hibbs & Co.) Nomina <ol it Selne shecks s; R $4.85% London. vound. 65 i 0 Montreal 0 000014 14 0001414 0208 5 Stockholm. Weber (4 .. W Penn B1 A (7) W Penn EI pf(7) West Maryland. West Md 24 pf.. 59 59 B8% 58% West Unlon (8). WesthseAIrB(7) Westinghse (4 Weston Elec Weston A (2). White Kagle (2) White Mot (4).. White Rock (12) White Sew M(4) Wickwire otfs. . Willys-Overland Willys Od of (T) Wilson & Co.... Wilson & Co(A). Wilson&Co nf(7) Woolworth (5).. Wortho Pump. . Worth Pump(A) Worth Pump(B) Wright Aero (1) Yale & Tne (?) Yellow Truck. Yel Tr&o pf(7 Youngstn S&T 6 90% Hourly Sales on N. Y. Market. ttam 569,000 120.. 953700 1om. 1246500 2 p.m. 1.546,600 Dividenderates as given in the above table are the annua! cash payments bas on latest quarterly or half yearly declarations. ‘niess otherwise nodlzg. extra or special divi- dends are L, *Tit of trading less than 100 shares. + Partly extra. § Plus 45 in sf able in common stock. % Plus Paid this year—no_regular ‘en per ceat in_common stocl ©_quarterly. ¢ Plus 5% rned, e Pa; not inclu FINANCIAL. [ BONDS o] (*) This table carries quotations received up to 3:15 p.m. A com- plete table will be published in the 5:30 Edition. i UNITED STATES. (Sales are in $1.000.) Sales. High. Low. 2: 101 19 101 16 101 103 12 103 10 103 12 100 22 100 20 100 21 5 10113 10112 101 12 103 27 103 25 108 27 110414 10414 104 14 Lib3%s. Lib1st4 Lib2d 4% Lib3d 4% 8! Lib 4th 4%s 204 US3%s.... TS 481944, US4%s52. 16 69 a1 18 1073 58. 19 1072 1072 FOREIGN. Argentine 63 Ju 59, 13 Argentine 6s0ct59. U Bank of Japan 6s. Belglum 6s. Brazil 6% Brazil7s. Canada 6s 1962 Canada 5%s 19 Chile 751943, Chile 85 1941. Chile 83 1946. Chinese Gov Ry 58. Con Pow Japan 7s.. Copenhagen 5%s. Cuba 5%s..... Czecho 7%s rets. .. Czecho 85 1951. . Czecho 8s 1952 ct Denmark 6S....... DE15%s Meh 53.. Dutch East 1 6s47.. Dutch East I 6s 62. Finland s f 6s45... Finland 7s... Holland-Amer Hungary 7%s. Italy 7s. Jergens U M 6s47. Lyon 6s... Marsetlle 6s. Mexico 4s 04 Mexico 4s 10 Mexico 5sasntd... Montevideo 7 Netherlands 6s 54.. Netherlands 6s 72.. Norway 6s 1943. Norway 63 1944. Norway 6s 1952. Orient Dev deb 6s. . Paris-Ly-Med Paris-Ly Med 7s... Paris Orleans 7; Peru 7%s. Poland 6s 40 Poland Porto Alegre 8 Queensland 6: Rhinelbe Un 78 Toho Elec Pow Utd Kingm § Utd Kingm 5%837. 15 UtdSteamCopen 6s. 32 Uruguay 8s. 1 Yokohama 6s w1 .. 48 11115 11113 11113 Sales. High. Low. 2:55. 987% 9815 98 % 106% 121 104% 105% 104'¢ 105% 103 100% 100% 94 4 103'% MISCELLANEOUS. Am Agri Chem T%s 2 104 lgé Am Cotton Of1 6s8... 13 Am Smit & R 1st 68 10 Am Smit& R 1 Am Sugar ref 6 AmT& Teltr AmT& Teltrbs.. Am T & Tsf 5s. . Am T & T deb 5%s. 24 Am Water Wks 6s. ™ Anaconda 1st §s... 11 Anaconda cv db 7s. Andes Cop 7s rets. . 14 Armour&Co 4%srt 6 Armour Del 6%s. 3 Assoclated Ofl 6s Barnsdall 6s ctfs. Bell Tel Pa 63 B. Bell Tel Pa 53 C. Beth Steel pm 58 Beth Steel 5%863. Beth Steel 6s. . Bklyn Ed gen 5s... Bklyn Union 6%s.. Bush T Bldg 5 6 Cen Leath 63 45 cfs Chile Copper 6s 32. Sommonwlth P 6: Con Coal M 1st 68 Con Gas N ¥ 6%s. . Consumers Pow 6s Cuba Cane cv 7 Cuban Am Sug Dery (DG) 7s. Det Edison ref Dodze w ! 6s. . Dua L & P53%s 4 Duguesne Light 6s Empire Fuel 63s. Bmpire G & F 7%s. Fisk Rubher 8 Goodrich 6% Goodvear 851931 Goodvear 85 1941 Hershev 5148....0. Hoe & Co 8148..... Humble O & R6%s fliinots Bell 1st & fllinots Steel 4%s.. Int Mer Marine 6 Kan G & E16s62... Kelly-Spring Laclade G 5%s 5 Liggett & Myers 6s. Lorillard (P) 6s... Manat) Sug sf T%s Midvale Steel 6t Montana Pow 6s... Mor's & Co 1st 4%s N Y Tel6s 4 N ¥ Tel 6s 49 North Am Ed 6% Nor Ohto T & L 6 Nor States Power 61 4 PhilaCorf6s A. Phila & RAC & I 68 Public Service s P Serv Gas 5%s 64. Rtemingtn Arm: Sharon St1 H Stnelatr Ol Sinclair Ol 6% Stnelalr 1‘)‘1: 1s. Sin Pipe Line So Pbr Rico Sug Southwest Bell Stand O11 NJ 62 w 1s. 51 8 96% 101% 108% 6 105 99 103% 102 106" 98% 104% 2 108% 108% 924 95% 102% 105% 102% 2 107% 95 08 103% Y 101 108% 104 98% 103 101% 106 103% 104% 103% 1044 104% 103 %103Y% Sales. High. Low. 2:30 Vertlentes Sug 7s.. 19 100 99% 100% 9., 53 94% 94 9% 11 106 106 110 101% 101% 3 111w 1114 111% 15 101% 101% 101% 7 102% 102 102 Youngstn S&T 9 104% 104'% 104% RAILROAD. Atchison gen ¢s. 9 93% 93w 93% AtlantleC L 1st 4 4 94% 9% 94w 8 103% 103% 1034 Atl & Dan 24 4 1 74 4 74 B & O gold 4s 3 94 9% 94 31 97% 9T% 97% 31 101 100% 100% 7101 101 101 1 105% 105% 105% 21 102% 102% 102% 10 108% 108% 108% 15 93% 93% 934 OSwDIvsacts 6102 101% 102 B&O Toledo ¢s 1 83% 83% 834 Bdy & TthAvSscfs 1 73% 73w 734 Bklyn Manhat & 13 99 98% 99 Buff R& Pitt 4 29 96% 95% 96% Can Nat 4%s 5¢ 4 96% 96'¢ 96% Canad North 6%s,. 3 118% 118% 118% Canad Pac deb 4s. 4 837 831 834 5 1025 102% 102% 6 96% 964 9% 9% 99%4 9T% 2% - 67 Chi B& Q gn 48 63. 94 94 94 ChiB&Q1strf6 105% 105% 105% CB & Q-1 3%s. 88 83 88 81% 1% PEIOEEE®E LEII LI L L 0000000 Central Pacific 817% % 60% 81% 0% 60% 60 86 60'% CM&StP4s25. C M&St P 4s 25 cfs CM&StPgn8d... CM&StPcv4ly CM&SPcv4 % s32cfs CM&SP rf 4153 cf1e CM&SP cv s cfs 14 86 59% 59% CONVERTIBLE BOND LIST 15 FEATURE Those Carrying Stook War- rants Also Attractive—Su- gar Issues Prominent. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK. March 4.—Trading interest in bonds today again cen- tered around convertible issues or those carrying stock purchase war- rants. In the main these were strong, but the strictly *investment issues were dull and neglected. On the one hand there was no pressure from the banks on the selling side and on the other buying orders at present levels were limited. re- sult was a stand-off, as far as this class of obligations was concerned. The feature among the convertibles included Liquid Carbonic 6s, which Tan up a point on a fairly large turn- over. These bonds are convertible into Liquid Carbonic stock at any time at $60 s share. The stock is some five points under the conver- sion price, but, inasmuch as the call runs until the maturity of the bonds, or until they are redeemed, buyers are willing to pay a premium. An- other in this group was Loew's 6s. These carry detachabl, ock-purchase warrants entitling the holder to buy Loew’s common in the ratio of five shares for each $1,000 of debentures at $35 per share. The stock sells slightly above this price, so that the warrants have an immediate value. Barnsdall 6s with warrants, still an- 59% 103% 103% 103% 5 914 914 9% 2 111% 111% 111% 6 1% T TT% 89% 934 95% % 1 9% 9T 9T% o 1 104% 1044 104% Chi Unfon Sta 6s 44 1 103% 103% 103% Ch! & W Ind en 4 1 87% 8T% 8% C& WIib%hse3 4 104' 104% 1044 CCC&StL 4% 3 994 994 99% CCC&StLrfésA. 7 103% 102% 108% 1 104% 104% 104% 397 97 W 4 9 95 9 8 102% 102% 102% 3 93% 93% 903% Cuba RRSs... Cuba Nor 6s 66 Del & Hud 1st rf 48 Del & Hud cv 55 35.106 122 Den& RioGen 4s. 3 91% D & Rio G imp §s.. 914 99% 20% 934 81l 518 81% 8l 81l 10 93% 9% 92 2 106% 106% 106% Loz 991 99u 99% 6 107% 1074 107% 9 116 115% 116 3 94 94n 94u 2 103% 103% 103% North 5%8.. 1 109% 109% 1 e Ner cenTaln: 28 113 113w 113% HavE Ry 6%srcts 12 89 89 8 Hud & Man ref 6s.. 15 98% Hud & Man aj 58 88 11l Cent ref 944 1% 99% 80% 93% 811 5% 814 2 4 5 6 Erfe conv 4s Erle conv 4s Erie conv ext 7: Grand Trunk 7s. Gt Nor 4%s876 D... Great North 6s. 98% 87% 944 % 5 97 97 o 11 102% 102% 102% 1 103% 1034 1034 40 TT%h 32 TTH TTH % 7 98 97% 97H 2 105% 105% 105% 94% 934 93% 7% 16 16 94 94% 924 99% 89 9% 981 984 1106 106 106 2 96% 96% 96% 4 101% 100% 100% 4106 106 106 1 107% 107% 10T% 8 104% 104 104 96'4 96% 96% 9874 98% 98% 20% 20's 20% 88l 88l 884 87 8 111-C-C StL&NO 58 Int Rapid Tran 6s. Int Rap Tr 6s stpd. Int Rap Tran 7s. Int & G Nor 1st 6 Int & G Nor ad Int RysC A 58 72 Int Rys C Am 6s 41 Kan City Term Lake Shore 4s 2! Lake Shore 43 31... Lehigh Val 55 2003. Loufs & Nash uni 4 L&N4%s2003.... Louls & Nash 5s B, Louls & Nash 5%s. Louis & Nash 7s... Market St 78 40.... MilEl Ry & L 68 M&StListrfds.. M St P & SSM en 48 & SSM 5%s. 120% 1207 | 9% T TTh| 1 t P StP K & T 1st 4 K & T ad) 5s. MEK&ToprinbsA, Mo Pacific gen 4s.. Mont Trm ref 5s 41 Nassau E Ry 4s67. D10 ek NYChI&StL 6%sB. New Hav deb 43 56. N Hav&H clt 6s 40, New Havencd . N YOnt Wist4s.. NY O&W gen 4s656. N Y Rys6s65..... NYW&Bos 44%s. Norfolk & W en 4s. 1 Nor & S gen 6s 54.. Ore & Calif 1st bs. Ore Short Len 5s.. Reading J C4s51.. RIArk& L 4% St L I M&S gn 5s 31 ooBeag 323 3 s 48 L 4%s 50 S L 4s. Term AssoSt L. B;. Unlon Pac 1st rf §s Unlon Pacov 6s... Virginta Ry 1st bs. Va Ry & P 5 87 7 & SSM 63%s. 20 101% 101% 10;"“: 3 8T 87 144 101% 100% 101 5 101% 101% 101% 25 17 6% 17 26 100% 100 100 32 107% 107% 107% 2 107% 107% 107% 11 99% 99% 99% 3 61% 61 61 5 88 88 88 2 100% 100% 100% 5 105% 105% 105% 6 801 80 80% 91 91% 2 96% 96% 96% 2 99% 99% 99Y% 17 106% 1064 106% 1 80% 80% 80% 6 105% 105% 105'% 1 105% 105% 105% 3 80% 80% 804 1 104% 104% 104% 27 107% 107 107% 7 18 1% 10 1 L § 6 9 9 2 100% 100% 100% 1 107% 107% 107% 4 88% 88 B88% 13 99% 99% 99% 1 109% 109% 109% 11 103 1024 103 5 1117% 1117% 1117% 21 106% 106% 106% 3 86% 86's 86% 20 43% 43% 43% 2 104w 104% 104% 4 107% 107% 107% 69 108% 107% 108% 2 93% 93% 93 99 99 99 2 9% 924 924 5 95% 95% 95% 6 100% 100% 100% 28 937 93% 93% 55 85% 85% 85% 100% 100 100% 30 102% 102% 102% 41100 99% 99% 68 98 974 9T% 1 101% 101% 101% 10 95% 954 95 5 93% 93% 93y 6 89% 897 82 % 87 98% 9% 99 10 881 8815 88y 34 94 93% 94 36 86% 865 11 107 106% 106% 5 120% 120% 120% 2 88 88 88 1103 103 103 104 104 1 951 95% 95% 1 99% 99% 99% 1110. 110 110 4 101% 101% 101% 24 103% 103% 103% 50° 98w 98% 98% 10 103% 103% 103% 19 79% T9% 79% 3 9% 994 86% 867 ————— ‘The New Haven Railroad has or- locomotives- from American dered 10 Locomotive. other bond in this same general class, started upward again today. It was commented upon that the same bonds Withoat the warrants seemed heavy. The Ilatter, selling around 92, give a maturity yield of almost 7 per cent. Cities Service Power and Light 6s steadied today after Thursday's set- b.ck. So did Empire Gas and Fuel bonds. plsuxal; bondlx Cl)nlhl:fl] to hold a ace of prominence. This grou, ves the highest yield of any domerflg’ob- ligation. Warner Sugar 7s of 1939 were up a point and there was a frac- tional advance in Vertientes 7s and in Cuban Dominican 714s. While the price of raw sugar is still, .ow relative to other commodities, the Cuban sugwr companies will doubtless cover charges thi vear with a good margin over. Among the local tractions Third Avenue adjustments were in demand for a time and among the higher yiela- ing rails buying kept up in St. Louis. San Francisco adjustments and Chi. cago Great Western d4s. Foreign bonds were steady. 6s rallied a point or more, Wiso there was little change, Poland it other- GOOD BERRY Forecast Predicted on Good Weath- er, U. 8. Report Says. CHICAGO, March 4 (#).—An indi- cations point to a bumper crop of strawberries this season, sald a bulle- tin today from the Government Bu- reau of Agricultural Economics, The forecast, however, contains an im. portant proviso, namely, that weather conditions hold favorable. Translated for non-agriculturists, a umper crop of strawberries is indi- cated as meaning more than a fourth of a billion quarts with a farm value approaching $50,000,000. — POULTRY PRICES STEADY. CHICAGO, March 4 (#). alive—Steady; receipts, unchanged. ~Poultry, Washington Stock Exchange SALES. Wash. Rwy. & Elec. 4s Washington onli.n«n:m‘—.fin'uw Lo ».er 0 as 01%, Wash. mn’.?:i‘cn x.m;x’;‘::ki':t; at 247, Jices Nationa ank—1 at 465~ 1034 1013, 10 at 101%. 6 % tot st 201 AFTER CALL. - . soffyrEtan, G Ssiooo w100, otomac Elec. cons. 5s—32. ashiniton Gas G 3500 a5 105, 5600 105301tal Traction Co.—20 at 107%. 30 at Capital Traction s 000 Washington Gas 3s—31:000 o 100%" Wash. Loan & Trust Co.—4 at 487, v“':;);f Gas 6s B—$100 at 104%. $1,000 Washir sagolifton Gas 65 A—$200 at 103%, Potomac Elec. pfd.—1 at 108%. Money—Call loaus. 6 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telj N Amer. Tel, & Telgy. 1) A Tel & Tl ctl i nico, Abacosiia & Pot. K. R. Pol A &b elophiono 6 ital” Traction ‘. & Siburban 53 W, n Gas i =] S oo, & o0 e . b FESFES oo “83288522835 iy Washington Gas bs. 2oh Ghe e series’ X series ash Rwy. & Elec. 4 Wash. Kwy. & Elec. gen: 6 PUBLIC UTILITY. Tel. & Telga . Amer. Capital Tractior TRUST COMPANY. American Security & Trust.. 380 Continental” Trust ... . Merchants' Washington Loan & Trust.. 485 SAVINGS BANK. fank of Bethosls States. ‘ashington Mechanics’ FIRE INSURANCE. TITLE INSURANCE. Columbia Title Real Estate Title pes Title Inv. of Md. com.... ) MISCELLANEOUS. Barber & 7% ican com ! Ay rican oid. ston Monotvne erchants’ et s lergen | ler Linot ‘' / ‘ CROP SEEN. |, 3 cars; prices | / 9