Evening star., 1925-10-14
Exchanges Irregular.
WALL STREET BRIEFS

NEW AoRh, October IA LP-Sur.
prise was expressed in the financial
district when, banks called loans est.
mated al $4,000 900. due TO the OUT of.
town demand for money resulting in
stifTeninS of call rates to II per
cent. In view % the substantial eX.
cess reserve exceeding $50 00O, 900 re-
ported in the clearing house state.
ment on Saturday. the action caused
comment. Later il was announced
That the Government would Withdraw
$50, 400, zoo from Federal reserve mem
Der banks in the New York district on
Thursday. This money. ii is under
stood. will be used to meet interest
payments on Liberty bonds and other
Government obligations due Octo.
Der l5.
Dividends on the per cent pre-
feIred stock of the Thomas q. Plant
Co. shoe manufacturers. NaSsa Gnu
sets. We're resumed Yesterday with a
disbursement of S1.15 a share. payable
October 81 to holders of record Oc-
tober 20.
The Bank Stocks Corporation has
declared an initial dividend of 1874
cents, payable November to stock
of record October -.
A proposed stock dividend Of 200 per
cent on the common stock of the Ma
tional Tea Co. of Chicago will be voted
upon by stockholders at d meeting No
vember .. a new issue of S3.250. 600
61e per cent cumulative preferred
stock is being offered by Merrill Lynch
& Co. al 500 a share, the proceeds to
be used to retire the present issue OF
s1,300,000 per cent preferred and de
velop the business. Sales for 1925 are
estimated at S4S 600 900.
Stockholders of the CONSOLIDATE ted Gas
80. of Baltimore of record November
will be offered 140.257 shares of com
mon stock, no par value, at $50
share, subject to approval of the Pub
lie Service Commission of Maryland.
The financing will provide the com
pany with nearly S5.OOO,0O0.
The worlds production of petroleum
in 1925 is calculated at l,05S. 900 bar
rels, against 1.013,000 in 1924, an
increase of only Az per cent, by Val
entin r. GdrtiaS, mana ger of the for
eign oil department of Henry l..
DOherty 4 Co, whose estimate of 1924,
published last October, came remark
ably close to the final official figures.
Increased production in the United
States was given as the reason for the
gain. while outside this country the
output has been virtually stationary
Nenezuela's S production doubled that
Of 1924.
September imports Of crude rubber
into the United States aggregated 27,-
uTl tons, against 81 ,5S4 in August and
$4,000 in September, 1924, the Rubber
Association of America reports. I'M
ports for the nine months this year
were 21+,360 tons, compared with 223,-
S6l in the same period OF 1924.
James f. German, president of the
Chicago, Rock Island and Pacific, re-
ports that traffic conditions and the
movement of all commodities except
Winter wheat. are good, with q large
corn crop in all states traversed by
the system and big cotton production
other than in Southern Texas. Better
prices for live stock and all farm prod
ucts he thought was Il forecast of
unusually good business.
A. Wertheim has been elected Presi-
delH of Burns Brothers, and Jules S.
Baehe, banker, director.
Securities of six additional COM
Danies have been admitted to trading
on the New York curb market. The
iist@ includes capital stock of the
TerTington Co. of Maine, Detroit
creamery Co, Pennsylvania Salt
Manufacturing Co.. Detroit and Cleve-
land Navigation CO.. and the common
and preferred shares of the Canada
Bread Co. and the Hydraulic Press
Brick Co.
Gabriel Snubber Co., earned S5.43 a
share on the combined a and B com
mon stocks in the first nine months
this year, with net profit of 81 ,0S7 ,2j9
The New York Central Railroad has
bought 200 fiat cars from Standard
Steel Car Co., costing approximately
100000. Denver and Rio Grande is
inquiring for 200 stock cars and 500
general service gondolas, while the
pennsylvania has divided an order for
repairs to 5000 steel cars between
Raiston Steel Car Co.. Greenville
Steel Car Co., Buffalo Car Co., and
Youngstown Steel Car Co.