davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-03-27
EVERYMAN'S
INVESTMENTS
No Magic In Preferred"
BY GEORGE T. HUGHES.

There is another answer to the criu.
cis1n that preferred stocks are inferior
investments in that they do not per-
nit participation by the holder in the
prosperity of the company, as do COM
mon stocks. This is the greater rela-
tive market stability of the preferred
issue as contrasted with the common.
An investor is interested primarily,
or ought to be. in regularity of return
and in reasonable assurance OF being
able to get his money back either on
demand or at a fixed date. Certainly
from this standpoint the preferred is
sue is far superior to the common.
For, while the preferred stocks lag
way behind when the market for com
mon shares is advancing, they also
show enormously greater resistance to
a decline. Now. common stocks of old
established corporations engaged in
essential industries have In some in
stances investment merit and their
purchase Is not to be condemned by
one who Is first of all an investor, but
they are subject, even the best of
them. to large fluctuations in market
price, and If the holder wishes to re-
alize he is never sure of being able to
do 1t without a loss, and sometimes a
substantial loss.
When any common stock is rated as
a good investment this does not carry
with 1t any guarantee OF market sta
bility. OF courze, neither is there any
such guarantee as to preferred stocks,
or even as TO bonds, but there is
smaller probability of a wide price
range with the preferred thaT with
the common shares.
Finally We should bear IL mind that
there are poor preferred stocks just
as we'll as there are good. There is
nothing magic in the term pre-
ferred"; 1t only means that the stock
has priority in earnings over the com
mon. There are speculative preferred
stocks. shares In corporations of un-
certain earning power or prospect,
which are bought and sold not for the
return they give or are expected to
give on the money invested. but be-
cause the buyer or seller expects to
profit by variations in price. These
come In the same category as specula-
tive common stocks. The investor in
a preferred stock, as in every other
form of security, must consider each
issue on It's merits.
Evening star., 1926-03-27
CHICAGO LIVE STOCK MARKET

CHICAGO, March 27 Omitted States
Department Of Agriculture).-Hogs
Receipts, 5000 head: uneven; 10 to
25 lower than Fridays average; bulk
240 to 325 pound butchers, 10. 0.90a11 so:
ma jority desirable 200 to 225 pound
weight. 11.S0a12 .25; good and choice
1870 pounds down, t2.50a13.00; top on
$50 to 100 pound averages, 1900;
packing sows. 1896 down; sorted kill
ing pigs up to 1925; shippers. 1000
head; estimated holdover, 1000 head:
heavyweight hogs. 1O.soa11.55; me-
dunn, l1.50a1245; light. 11.75a12 .S5;
light light, 11.80a13.00; packing sows,
9.e0a10.35: slaughter pigs, 12.75a13.25.
Cattle-Receipts, 500 head; compared
with week ago, fed steers mostly %
lower; lower grades and stockers and
feeders showing maximum decline;
few good and choice steers. steady;
fat she stock. 25 to so lower; can
ners and cutters. steady: bologna
bulls, weak to Is lower; vealers, so to
100 higher; extreme top fed steers.
1866, paid for yearlings, medium
weight and heavies; light yearling
heifers upward to 1910.
Sheep-Receipts, 5000 head: for
week around $4,000 head direct. and
1874 cars from nearby feed lots; prac-
tically all receipts today direct; COM
pared week ago fat lambs. so to rs
lower; yearlings. 25 to so lower: fat
sheep, firm; scarcity of sheep sup
plies supporting weighty fat lambs.
Tops for week Fat lambs, 14.35;
shearing lambs, 1876; fat yearling
wethers, 1900; aged wethers, 1000:
practically top on fat ewes, 900; odd
lots, 9.1oa9.25.
Evening star., 1926-03-27
RIFE
ONCAUSE OF BREAK
Some Hold Decline Came as
Discount to Slowing Up
of Business.
By the Associated Press.


NEW YORK. March 27.--The sharp
break in stock prices last week, which
carried scores of industrial issues to
new low records, revived widespread
discussion as to whether the market
was going through a period Of read
iustment to correct the speculative ex-
cesses of the past few months or dis
counting a slowing up of business, or
both.
While freight car loadings. bank
clearings, savings bank deposits and
new Aife insurance business are being
maintained at record levels, there has
been a steady decline in commodity
prices, a slackening in some retail
lines and a. reduction in the margin of
profit in some industries through In
creased competition.
Selling Of stocks spread over a broad
list, but the sharpest declines took
place in issues whose future prospects
are not likely TO come up to earlier eX-
pectations. Motors were hard hit on
the circulation OF rumors that many
dealers were having difficulty in dis
posing of cars, and that there had
been numerous cancellations. Hudson
showed an extreme decline Of over 30
points from the high level of last
week. with sharp breaks also taking
place in General Motors. Mack Trucks
and other .automotiye issues.
High priced industrial specialties.
whose dividend yield at recent prices
was relatively low, also were hard hit,
particularly such issues as General
Electric. Woolworth, -Roebuck
and American Can. The announce
ment that the Department of Justice
would investigate recent oil mergers
dampened bullish enthusiasm for those
issues. Public utilities yielded readily
to heavy bear selling in the closing
days of the week.
Equipments turned weak when a
bear drive against Baldwin carried
that issue below par to the lowest
level in four years. Acute weakness
also developed i'll the food group. with
National Dairy Products, Fieisch-
mann. Ward Baking b. American
Sugar Refining and United Fruit as
the principal targets for bear pres.
sure. Selling of the sugar shares
Evening star., 1926-03-27
BY STUART p. WEST.
special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, March 27.-Further
liquidation occurred on the Stock Elk
change in the last week. Partly IT
was In the nature Of a readjustment
as the result of the speculative ex-
cesses Of the Autumn and Winter.
Partly 1t was a market trying to get
in closer touch with real business con-
ditions, in contrast with the exagger-
ated IDEAS which prevailed at the be-
ginning Of 1925.
The feature Of the week has been
the continued fir7nness of investment
securities, both bonds and stocks, as
compared with speculative stocks. In
vestors are not troubled over the pres
ent situation, but spectators are.
The slight increase in money rates
might have counted in the Stock
Market If money rates during the last
four years had been a factor. Actual
ly they have not. The campaigns of
two and five months ago went on in
the face Of q 51a to 6 per cent money
rate. The declines of the last two
months have taken place despite a
decline in call money and the estab-
lishment Of long term loans at Az to
ass per cent, the lowest level of the
last year.
This has shown that credit condi-
tions have had little to do with Wall
Street fluctuations. =
During the last week there has been
some calling of loans, but it is per-
fectly well recognized that by applica-
tion to the Federal reserve these bor-
rowings could be restored
Speculation the Real Cause.
The fall in prices since the last week
in January has not been due to money
conditions. 1t has been tie result of
overSpeculation plus d realization that
the business situation has not been de-
veloping in the way anticipated
Production throughout the country
continues large, and so does consump-
ton. The commodity prices have con-
tinued to fall and this means low
profit margin. There has been no
period of industrial prosperity which
has not been accompanied by rising
trade values, and this feature is alb
sent now.
On the other hand, the essentials of
a commercial depression are not pres
ent. The commercial and financial
crises of the past have always been
ushered in by one or other of two
causes, either an overstocking of
goods at high prices or a deficiency in
the credit supply.
Neither of these features appears at
this time. In all the trade reviews
the point insisted upon is that con-
sumers are taking no more than they
require for absolute needs. They are
not buying ahead; therefore, in the
commercial field there is no specula-
ton. Brokerage loans within the laisf
Evening star., 1926-03-27
COTTON ADVANCES
|NL|GHT TRADING
Liverpool Price Goes Up on
Trade Calling and Con-
tinentaI Buying.
BY the Associated Press.

NEW YORK, March 27.-Cotton
futures opened steady. May, 1853;
July. 1928: October. 1868: December,
1892; January, 1926.
The cotton market was unchanged
to four points higher today on reports
Of unfavorable weather in the belt,
and relatively steady Liverpool cables.
Selling developed on prospects Of rela-
lively small end-March exports and
continued complaints from the goods
trade, but offerings were light, and the
market sold about to points net
higher. May advancing to 1877. and
October TO 1858 by the end of the
first hour.
The amount of cotton on shipboard
awaiting clearance at the end of the
week was estimated at 97,327 bales,
against 14S,553 last year. Private ca
bles attributed the advance in Liver
pool to trade calling and continental
buying. but only small demand for
cloths and yarns.
NEW YORK. March 27 Np).-Cotton
futures closed steady, net unchanged
tn q nninfG
Evening star., 1926-03-27
New Orleans Quotations.

NEW ORLEANS. March - CP)-
Cotton futures opened steady. Janu-
ary, 1901; May, 1899; July. 1855; Oc-
tober, 1900; December. 1906. The
market was steady, as Liverpool cables
we're about 4 points better than
due and the weather map indicated a
possible change to unfavorable
weather over Sunday. First trades
here showed gains of to points.
Prices continued to gain after the call,
and May soon traded up to 1903, July
to 1858 and October to 1903, or Z
points net higher on all months com
pared with yesterdays close.
NEW ORLEANS, March - CP).-
Cotton futures closed steady at net
advance of 5 to z points.
Evening star., 1926-03-27
STOCK DECLINE JUST REACTION
TO FALL SPECULATIVE EXCESSES
Market Also Was Trying to Get in Closer Touch With
Real Business Condifion-Harder Money Not
Factor in the Slump.

four weeks are down nearly $33o, ,Ooo,'
900. This is a new check-up by the
Federal Reserve Board upon Wall
Street activities. and it established the
fact that the decline during the last
month has released a large amount OF
credit.
Why Stocks Go Down.
Holders of stocks have been Won
dering why prices have continued to
go down. 1t is hard for them to un-
derstand that the reason lies in
speculative campaign like that of last
Autumn. which was not built on solid
foundations. Speculative Wall Street
had false idea about railway
mergers and what these would mean
in the line of increased valuations.
Also it had false notion Of the
effect upon values of the proposed
amalgamations in the industrial field.
Now it has awakened to the fact
that mergers do not mean necessarily
larger values. In the case of the rails
they suggest a lower overhead. In
the case of industrials they indicate
saving through combinations. But
the effects Of these economic changes
appear to have been overdone in the
rise in stock market prices since the
Midsummer.
French francs have made a new low
for all time. They have sunk below
the March, 1924, bottom. There is no
cure to this situation until some
French ministry has the courage to
put through a budget which will take
care of the internal deficit and at the
same time provide for outside obliga-
tions. This is going to be one Of the
most interesting questions to be
worked out with the course of the cur
rent year. Two years ago there was
of the $100,000,000 loan from the
United States. But now no such as
sistance seems possible until the
American war debt is provided for.
There is sharp distinction between
the investment and speculative mar
kets. The fall In speculative Securi-
ties has not involved investment Sc
curities. Investment values are being
well maintained on account of the
easy money conditions.
Quick Changes Not Unusual
The history of the last four years
is that speculative fluctuations have
been sharp, that there have been
ments without any sufficient outside
cause.
The recent Wall Street decline can
not be explained on the ground of out
side causes except that there was too
much optimism at the outset of the
year. Rather it had been due to a
reaction from an extravagant specula-
ton on the side of higher prices. 1t
is apt to go too far just as the cam
paign Of October November went too
FAR on the side of advance.
Evening star., 1926-03-27
PR0FIT-TAKING SENDS
WHEAT PRICE DOWN
Corn and Oats Sympathetic-Crop
Outlook in Southwest
Greatly Improved.
By the Associated Press.

by the Associated Press.
CHICAGO, March 27.-Selling that
appeared to be largely of profit TAX
ing character led to a material set
back in wheat prices today during
the early dealings. Reports Of
heavy snowfall greatly improving the
wheat crop outlook Southwest. espe-
cially in Texas and Oklahoma, counted
also as a bearish factor. According
to one estimate which was current.
the southwest will raise 200 1000 900
bushels more wheat than last year.
Chicago opening prices. unchanged
to II lower, May, (newJ 1.5Sbs
to $50 and July, 1882 TO 1855
were followed by a somewhat pro
nounced decline all around.
Corn and oats sympathized with
wheat weakness, After opening un-
changed to Is off, May, 1878 to IT'S
the corn market underwent mod
crate general sag.
Oats started at Is off 10 Is up.
May. 40ls to 40A. Later all months
showed some loss.
Provisions went lower. rejecting
the action both of grain and hogs.
Evening star., 1926-03-27
BALTIMORE PRODUCE.

BALTIMORE. March q (SpeciaD.--
White potatoes, 100 lbs, 200a4. Is;
beans. bushel. 6.00a7.00: cabbage.
hamper 2.25a2. rs; sweet potatoes,
bbi.. 2.00a6.00; yams. bbl.. 200a5. % +;
carrots. bushel, l.75a2.00; caulifower,
crate. 1.00a1.50; celery. crate. 25Oa
400: cucumbers. crate, 6.00a10.0O; egg.
plant, crate. 3.00a6.00: kaIe, bbl.. 225
az so; lettuce. basket, 2.50a4 90; onions,
100 lbs. 2.50a3.50; oyster plant. 100,
6.00aS.00; parsnips, basket, 50a60: to-
matoes, crate, 3.50a650 spinach, bbi.,
1.00a1.50; radishes. basket, 3.00a3. so;
turnips. basket, 25a40.
Apples, bbl., 2.00a50 90: bushel, 75a
LIS; grapefruit, box. 300a5. 90; or
anges, box, 4.00a5 .00:' Strawberries.
qt., 37isa4712: open crates, qt., 30a40.
Evening star., 1926-03-27
NEW YORK CURB MARKET
Received by Private Wire Direct The Star Office

The oils appeared more vulnerable
than at any time during the recent
decline. although there was nothing In
the outside situation to cause change
in sentiment.
The public utilities held compare
lively firm and Electric Refrigeration
Co. shares felt the effect of short COW
ering.
AS the market drew to close trad
ing settled down and part of the early
losses We're retraced.
Evening star., 1926-03-27
SOCIETY

Continued from Eighth Pase.)
Brennan. chairman; Mrs. j. ]. Farley,
Mrs. A. A. Auth, Mrs. Joseph Phelarl.
patroneSses, and Mrs. ID. w. O'Dono-
ghue. tickets. Among the patronesses
are Miss c. Ahearn, Mrs. D. Altman,
Mrs. e. j. Brennan. Mrs. Thomas P.
Brown. Mrs. E. Bayne. Mrs. Walter L.
Ballard, Mrs. Thomas w. Brahaney,
Miss May Berich, Mrs. P. v. Boyer,
Miss E. Bergling, Mrs. Joyce Brod-
erick. Mrs. Philip Brown. Mrs. Harry
Crandall, Mrs. NJ. J. Connolly, Mrs. c.
r. Craig, Mrs. A. j. Carico, Mrs. NJ. J.
Colbert. Mrs. D. J. Callahan, Mrs. NJ.
]. Collins. Mrs. e. o. Cashell. Mrs.
Peter Drury, Mrs. D. ]. Dunningan,
Mrs. g. A. Didden, Mrs. J. J. Farley,
Mrs. r. B. Emerson. Mrs. Joseph Fer
rera. Mrs. F. Flavin. Mrs II. 3.
Flather, Mrs. r. S. Golibart, Mrs.
Orestas Garcia. Mrs. A. S. Gardner.
Mrs. L. p. Gatti Mrs. w. G.. Gardner,
Misses Hickey, Mrs. E. B. Horen, Mrs.
J. A. Hayden, Mrs. Raymond Holden,
Mrs. Leo Harlow, Mrs. Frank ].
Hughes, Mrs. A. Hinckley. Miss Kath-
crime Judge, Mrs. w. d. Johnson,
Mrs. p. d. Klinkiewicz, Mrs. A. e.
Murphy. Mrs. James Mckee. Mrs.
George May, Mrs. II. Lansdale. Mrs. J.
]. Kenelly, Mrs. John Noonan, Mrs.
P. Nee, Mrs. l.. Ockerhausen, Mrs. A.
S. Orme. Mrs. D. w. O'Donoghue.
Mrs. James Orne, Mrs. E. c. Poston,
Mrs. William Pierce, Mrs, Joseph A.
Phelan, Mrs. e. J. Quinn, Mrs. NJ.
Brooks. Mrs. NJ. ]. Reidy, Mrs. A.
Rauel. Mrs. II. l.. Ryan. Mrs. w. II.
Rapley, Mrs. B. Saul. Mrs. W. A
c-... ~
Mrs. II. o. Sheridan, Mrs. Joseph T.
Velati Mrs. l.. Niond. Mrs. Harry
Wardman. Mrs. II. 3. Wilson and
Mrs. Dewey Zirkin.
Mrs. Hattie Dickinson, widow Of
DR.. James A. Dickinson, after
spending the Winter in California, has
returned to her apartment in Klingle
Mansions.
Mr.. Will Bradley, artist and author.
of Short Hills, n. j., accompanied by
Mrs. Bradley, arrived in Washington
today, and while in the city will stay
at the Mayf1ower.
Mrs. Paul Shorb will be the hostess
at tea at the American Association Of
University Women tomorrow after
noon at 4:30 o'clock. There will be
musical program, al which time Miss
Mary Kelly will be at the piano and
Mrs. Wayne Wheeler, soprano, will
give several numbers.
Mrs. Arthur L. Whitney and Miss
Margaret Whitney of Garden City,
Long Island, are in Washington, and
are guests at the Mayfiower.
Evening star., 1926-03-27
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

CHICAGO. March 27.-Cheese pro-
duction continues heavy for the sea
son. with receipts at Wisconsin ware
houses running 10 to IL per cent over
last year. Prices are now about 3
cents below last year because Of big
supplies.
PHILADELPHIA who for
a time We're selling coal on a 1000
nd-to-the-ton basis now are deliver
ing the long ton Of 2,240.
PORTLAND, Oreg.-The mohair
season has opened with only limited
stock offered, with As cents a pound
quoted for long hair.
SAN FRANCISCO-Hawa steam
ers have begun to bring bananas to
this port. About 4,S00 punches ar
rived this week.
Evening star., 1926-03-27
BUTTER LOWER.

CHICAGO, March 81 OP).-Butter-
Lower; receipts, 7.423 tubs; creamery
extras, 3sA; standards. 40; extra
frsts. 3s%a39: firsts. 3Sa3SA; sec
onds, 3612a371a. Eggs-Lower; re-
ceipts, 1855 cases; f1rsts, 2S; ordi-
nary firsts, 81: storage pack extras,
29a; firsts. 29K.
Evening star., 1926-03-27
Washington Stock Exchange

SALES.
Capital Traction $500 at 100.
Chesapeake & Potomac Tel. 5s-Sl 900 at
100
WASHINGTON Gas Llght--l0 at 6Sla. at
6Si4. 10 at 6Sl4
Liberty National Bank-l0 at 213.
Riggs National Rank-l at 465.
National Bank of Washington-l at 300,
Lanston Mouotype--4 at s2A. 10 at So.
&c at 81 Y
Merchants Transfer q Storage pfd-2 at
10Oh
Mergenthaler Linotype-3 at EOS.
AFTER CALL.
Potomac Electric Pow. pfd.--0 at l07.
Lanston Monotype-l at 81 q at 81 q
Evening star., 1926-03-27
BY WILLIAM r. HEFFERNAN.

Special Dispatch To The Star.
NEW YORK. March 27.-The heavy
selling on the Stock Exchange had a
sympathetic effect upon the market
for curb stocks today and lower prices
were the rule.
Weakness was most pronounced in
shares of baking companies. Cont.
mental Baking, all classes, were off
sharply, and General Baking issues
broke from / to points.
NEW YORK. March 27-Following
is an official list of bonds and stocks
traded in on the New York Curb Mar.
Raf fndn,-
Evening star., 1926-03-27
DRY GOODS MARKET QUIET.

Special Dispatch TO The Star.
NEW YORK, March 21.-Cotton
goods closed the week quietly. Print
cloths were quoted at rs cents for
64x60's and 9 cents for 6Sx72s, the
latter decline of an eighth of cent.
Raw silks dropped 10 cents a pound
in a slow market.
Evening star., 1926-03-27
POTATO MARKET STRONGER

CHICAGO, March II GP.-Pota-
toes, receipts. 80 cars; total United
States shipments, 647; 21 Canadian;
trading limited: market stronger;
prices higher. and few sales; Wis
cOnsin sacked round whites. 4.60a
Ats; occasional fancy. shade higher;
Idaho sacked russets, 4.75a4.S5.
Evening star., 1926-03-27
STRAWBERRY PRICE
SLOWLY DECLINING
Dealers Continue to Praise
Texas and Mexican Grow
ers for Products.

Local dealers in fruits and vege-
tables continue to praise Mexican
and Texas growers for supplies OF
early vegetables, their supplies tax
ing the place of what Florida grow
ers usually furnish. Florida crops
have been almost complete failure
this season, it is stated. only small
shipments. with the exception of
Strawberries, having been received
here.
Florida strawberries are eXcep-
ttonally fine this season, according 10
dealers, and prices are gradually ue,
clining. Dealers have been ADVISED
that the seasons crop Will be very
large, and it is expected that nearby
growers also Will have bumper crops
this season.
California growers are supplying
local merchants with an abundant
supply OF asparagus of exceptionally
good quality. today's prices being
quoted at 700 and 500 dozen
Small shipments of the grass have
been received from Florida, but the
quality, II is said. does not compare
favorably with that Of the California
product.
Potato prices are soaring. Old
stock vas quoted at 500 for sack
Of $50 pr aais chile new potatoes
from Florida sold at $500 and slb.oo
for a. similar quantity in barrels.
Tomatoes in Good Shape.
Mexican and Texas tomatoes are re-
ported in exceptionally good conol.
lion. They are said to be a decided
Improvement on the Florida product,
keeping and ripening much better
than the Florida stock, and losses are
not so heavy.
Peppers from Bermuda are being
received in plentiful supplies, dealers
report, and their quality is not to be
discounted. Florida growers are snip
ping a few peas and beans. String
beans have been much highe' this
season than usual, bringing az much
as $1,000 for IS pounds. Tod-y they
were quoted at $3.50.
Receipts Of icebergtype ley .uce are
gradually decreasing and prices are
advancing. Western growers had 10
he depended upon for SUPPLIES the
past Winter dealers say. because or
the failure of the crop in Florlda.
Butter, egg. poultry and meat deaI-
ers are anticipating Frightening OF
trade conditions the latter part or next
week, closing of the Lenten season.
Eggs will be in great demand for dye
ing purposes, but prices are not eX-
pected to decline to any appreciate
extent until Easter demands have
been supplied.
Wholesale Prices Today.
Butter-Fancy, 1-pound prints, asa
so: tub, 47a4s: store packed. 80.
Eggs-Average receipts, u; candleo,
2sa29; hennery, 30a32.
Poultry, alive-Turkeys. tops. 40a
as: Spring chickens, 3Sa45; fowls, 2Sa
30: Leehorns, 2S: ducks, 80; geese. l5a
20; keats, young. sOa9O: old, 95a4o
Dressed-Turkeys 4Sa52; Spring
chickens. 40a45; fowls, 32a33; Leg
horns, 80: ducks, 32a35; geese, 2Oa25;
keats, young. 90a1.00.
Live stock-Calves, choice. Il; me-
dunn, 11a12: thin. 7aS: hogs. heavy
and medium, 1919: light, choice. u.
Meats-Beef, 10; lamb. 25a2S; veal.
22a24: dressed pork. heavy. 10: medium.
q; light. 22a23; loins, 32a34; shoulders,
23a25: fresh hams, 30a33.
Evening star., 1926-03-27
PARIS PRICES HEAVY.

PARIS, March 81 OP).-Prices were
heavy on the Bourse today. Three per
cent rentes, Al francs % centimes.
Exchange on London, 141 francs 10
centimes. Five per cent loan. 56
francs 20 centimes. The dollar was
quoted at 90 francs 6& centimes.
Evening star., 1926-03-27
Your Banker. Knows.

When in doubt about a security
consult your banker. 1t is equally as
much his interest as your to protect
your savings. You trust him with
your deposits-why hot trust him
with your investment problems7
Evening star., 1926-03-27
NEW YORK DAIRY PRODUCTS.

NEW YORK, March % CP.-But-
ter easy; receipts. 9.S71 tubs.
Eggs easy; receipts, 27,7S6 cases.
Cheese easy; receipts. 94,9S9 pounds.
Evening star., 1926-03-27
Wholesale Prices Today.
RUBBER GOES UP.

Special Dispatch to The Star
NEW YORK. March 27.-Crude rub
ber, standard grade, was quoted at
59Ia cents at noon today. This COM
pares with 5812 cents Friday, % cents
a month ago and 4334 year ago.
Evening star., 1926-03-27

was accelerated by the establishment
of new lows for the season in com.
modify prices.
Rail shares offered stubborn resist
ance to selling pressure. Publication
of relatively favorable February earn
ings reports was a sustaining In
huence.
Evening star., 1926-03-27
BAR SILVER PRICE.

NEW YORK. March 81 OP).-Bar
silver. 655s; Mexican dollars, SOS.