Evening Star Newspaper, July 14, 1924, Page 22

{ . IN FINAL TRADING Industrials Lead Lively Ad- vance as Week Opens in | Wali Street. i BY STUART P. WEST. S e T s | ¥DOW YORK, July 14.—Operations or the rise on the stock exchange vere conducted with jnereasing con- dence - today #nd “practically éyery oction of the list participated. The ndustrials were in greater demand than the rails, -altough a, numiber of he Tatter were bjd up to thelr best rices for -the current fmovement. It vas the buoyancy of the mere active istria) issues, however, which at- racted the most attention. . There as - not over-sSunday . news -upon Bvhich to base. sucli fresh bullish demonstration as @tock market, but i Xlat speculati; syndioates Wecrtng with « in -tlelr afforts %o Lid up their specialties Z Stock "Up 13 Polnts: It was, in fact, to a great estent speclaity market, although the - took in practically the whoie industrial Jist i Among the spaciallins 'the ~most ular happening ‘Was a 13-point jump in. Phillips-Jones, following an advance of 23 points last week. This extremely sharp unturn .was dye to ors that the total damages to be ted by the company from com- A result of a decision in invelving the of a pat- ar, would amount to $1.000.- on Phillfps- Peabudy stock s ente 000 More New Uigh Records, ast Iron Pipe first time this ye came in for‘col s did the con- International ops. Davison the favorites sold = advance was on Trucks and White “Motors were hoth in demand. the former at a new high for the vear. Likewise,] United States Industrial -Aloohol and | Allied Chemical were bid up and in ictory, garnings end vorable divigend ac- motives: for the buymg, ster sold at-n inffuence hére distinctly - improved _condi- “the northwest. Central | her preferred contifiied its up- | movement and - the shipping’| e pushed forward. 2 Railroad Shares Siromgy Among the rails, St. Louis South: western made a4 new high, Lehigh Valley was still in demand and there Luying ‘in other : iseues. as a group, however, re- iained less prominent thaw the in- | dustrials Fresh was duc buying in National Biscuit | to the expectation that the | half vear's earnings would | be even more satisfactory than those of the first six months, which is normally the case. Net income of at least ‘36 a share for all of 1924 is anticipated Tea advanced sharpl it had been second on the glected in rd swing in the chain | This stock was referred | in one quarter as “a mér- cantile iscue with its troubles behind it and with bettcr prospects.” In first quarter, however, net profits ¢ for ‘the common stock iniod to only 11 cents a share. Shipping Shares Gain. L4 There was a display of etrength in the shipping shares, notably In- ternational Mercantile 'Marine pre- Atlantic, Gulf ard West In- nd American International. movement bore out the bullish time " in the securities of the rriers would reflect tuation since the first of the OIL SHARES WEAK. e Associated Press, X YORK, July 14 —Weakness oil es*prompted a ng which took the edge rise of prices in today’s st More than iwo-score sha ched new 1924 top prices on ex- ed pool operations. Sales ap- iated 900.000 shares. 4 The closing® was irregutar. St eastern’ raflrgads advanced in the final dealings, Jerses | scoring eighteen points to a . along with several others er. were heavy, and sell- was directed against some motor and sory issues. Il\larkels at a Glance I NEW thi prices sues Shares YORK — Stocks, publi Bon break irregular: utilities at 1924 top mixed; Braszilian {s-* er., Foreign ex- i sterling up 1% cents; iss francs at 1921 high. = Cottom, ower;~ Sonthern . sellin, Sugar, teady, spa Coffee strong: Brazilian political news. CHICAG! ‘Wheat, higher; dry weather Canada. Corn, firm; decreas- g stocks. Cattle, easy. Hogs, weak. een $100,C00,000 UNION OIL - STOCK FOR “BIG BOARD” By the Assoniated Tress | NEW YORK, July 14.—Plans to list $100,000,000 stock of the Union Qff of California on the < lixchange which cial district hears are urder w give the market another high- e oil . stock The wmuthorized eapital stock is $125,000,000, of which nearly $94,000.000 outstanding. Shell-Union’ Oil Corporation holds about 26 per cent of the total. . TREASURY CERTIFICATES, : ations furnished by Redmond & Co.) 843 September 418 December 15, Marcih 15 25 June 15, 1 435 December 43 March 15, 1 4345 September 15, 43(s March 15, 1927, 4iga December 15, 1 SHORT-TERM SECURITIES, ; (Quotations furnished by Redmond & Co.) Avied: | Itinots Cent €7).. 108 Central Leather 5 hi.. Mil. & 8t. il 31s 1982 Humble oIl 3t 198 |Am TaF FE(1). {Can Pacific (10). 1414 | Gt Worthi-pt (5525 - 63% “63% * [oysehd Pr (3).. | Houston Ol ANCIAL. o, "NEW YORK STOCK . High. Low. Olose. Adame Exp-(8) Y . Adv., Rumley Adv'Rum o (3). Atr Reduet (... F ax Rubber.,.. 64 64 Allled Chem (4).. 774 78% 7% T1% Allied Chm pt (7. 118% 118% 118% (18 Aliis-Chalm (4).. 53 63 b3 353 Am Agricul Chm. 10% 11 104 11 AmAgriChempf 3i% 32, 814 32 AmEBsetSug (3 41 4T 41 4 Am Boseh 29% 30 2% 30 1164 117% 118% 116% 115 - 116 18- 115 1684 1684 168% 1654 1244 124% 1244 124 22%: 2% 32% . 20% 4% 142 105% 105% 104 105% 105% wg“ 9% n?;: BT 64 5T p2% ?8% 224 PB4 10% 10% 10% 19% 195 19% 18% '}g“ edpf.. 39 389 39 Am Locomo (6).. 801 80% 79 Am Metal (3)... 42 42 42 . 4 Am Radiator (4). 106% 108% 105% 106% Am Republics... 36 36 - 36 . 36 AmShip & Com, 124 12% AmSm & Re (5). 65% 60k AmS&RDpf (7). 1024 1024 102 Am St Fays (3). 87% 387% 87 Am Sugar....... 44 44 AmSumatTod.. ™% 17 Am Sum Tob pf. 28% 81 284 Am T & Tel (9).. 123% 123% 123 123 AmTel & Telrts, 3% 3% 3% 3% Am Tobac (12).° 142% 1481 142% T434 Am'Tob B (12).. 141% 141% 141% 1d1% Am Water Wks.. 106 107 105% 105% Am W Wof (§). 92% 92% 92% 924 Am W Wist(7), 97 98: 97. 98 Am Woolen (7). 1% 73T TI% 2% Am Writ Pappt. - 5% . 7 5% 6% Anaconda....... 30%° 808 30%° 30% Ann Arbor,pf... Asso Dry G (6V.. 95 953 AsDG 1stpf (6). 83 83 i AtT &S Fo (6). L104% 104% 103% 103% AT&SFf (5). 90T SOW 80% 90 Atl Birm & At 21 2% 2 2% Atl Coast L, (18). 124% 124% 124 124 "Atlan Fruit ef: 2 2.1 1R AtGult & WI... 19% 21% 19% 20% AtGulf & WIpf 26 264 26 26% Atlan Ref (4) . 87% 88K 86hW B8T% Austin-Nichols. .. 22% 22% 22 22 Austin-Nic (7)... 83% 83k 83% Bajd Loco (7)... 1167 117 116% 118% Bal'& Ohio (5) 60 60% 59% K% Bui& Oh.pt (4)., B8% 59 Barnadall’A..... “19% 19% B'ch Nut (240).. 63 53 Beth Steel (5)... 46 487 Beth St pf (7) S1% BrEm Stl 2d pf.. 8 Brk Edisop (8).. 113 113% 113 113 Bri-Man Tran.. 23% 24t 22U 24% BrManTpf (6). 69% 69%° 69% BrklynUnG (4) 70% 0% Brown Shpt (7). 90 90 Butie&Superior ~ 14% % Butterick Co. 18 18 1% Caddo Cen O & R. Cal Packing (6). Cal Pet (1%)... Cal Pet pf (7)... Callzhan Z Lead. 79 %0% 79 M.IK Am Drug Synd.. Am Express (6). Am & F P 25%(7) Am For P f pd(7) Am Hide & Lea. Am Hide & L pf.. Am Internatt. Am Linseed Am Lins, o 9% 2 18 1% 1% ° 84% - 21% s - 2% 3 2% 149 149 148 1 1 1 194 19% 19% 5 Case J I Plow.... Case Threshing. . Cent LeatherCo.. 131 13% 13 13 CentLeaCoof... 4T% 484 47 47 CRR,NJ(412). 228 233 228 233 Cerro de Pasco(3) 47 47 46% 6% Chand Mot (5).. 4T% 47% 47 &7 Ches & Ohlo (4).. 851 £6% S4% 86% Chicago & Alton_. Chic & Alton pf. . 15% 141 25 T BT% 30% 81 8% 3% 86% 86U S-S 494 49% 28% 28% 62% 63% 3% 3% Chic Gt West pf. . Ch Mil & St Paul. Ch Mil & St P pf. Chi & Nwn 14) Chic RT & Pac... CRI&PDf(6). > -ChiYellow C (4). Chile Cop (2%).. Clugtt, Peab ¢5). Coca-Cola (7)... Colo Fuel & Iron. Colo Southern. ColG & E (2.60) Com In Tr pf (7). Com Solv A (4) Com Solv B. . . Congoleum (3)... Conles Tin Foil. . Consol Gas (5) Consol Textile Cont Can (4).. Cont Motors (20c) Corn Products. .. 34y S42% 96 64% 59% ATm 10% Cuban Cane Sug. Cub Cane Su pt.. Dan: Boone M(3) 17 Davidson Chem.. 60% Del & Hud (9)... 117 DelL&W (6)... 124 Det E1Co (8)... 105% Dome Mines (2).. 16% Doug-Pectin {1). 10% DuPtde N (8)... 126% 126% 126% DuPdeNdb(6) 88% 88% 88% Eastman (16%). 107% 107% 107% 107% E! Stor Bat (4).. B57% 874 Emer Branting End-John (5) . Erie. Erie 2d pf.. Fairbanks (2.60).. 26% Femous Pl (8)... 79%.\ Famous P1pf (8). 97% Fifth AVE (64c). 11% 617 16% 17% 59% 59% 116% 116% 124 125% 105% 165% 164 164 10% 10% " 3% 1% ‘:;'!C 3 | K 12 1% Fisher Bdy (10).. 1824 185 1824 185 Fisk Rubber..”.. 6% 6% 6% 6% Fisk Rub pf A. 40 40 39 389 Fleishman (3)... 89% 59% 68% 69 ‘Feundation (6)..~ 70 -70- - 70 Freeport-Texas.. 9% 9% Gardner Motor... 4 4 4 4 Gen AmTC (3).. 41% 41% 40% - 40% Gen Asphait. 44% 45 43% 43% | General Etes (8).. 244K 245% 242 2421 L% 1% 4% 4% 85: % B5% Gen Ei spe (60¢). . 11% 11 Gen Mot (1.20)....14% Gen Mot pt (6) 85% Gen Mot db (6) ... 85% Gen Motdb ()7, 96 Gen Petm (2) Glidden Co. Granby Consol. .. Grt, Wstn Su (8), 91 91 Gulf Mo’k Nor. .. 19% o0& N pt (5) - 69% ststi@... 71 )., 87% 8 B4%. "Hyd Mot C “24% ::’pudc(lln +18%, 13%, 13% Hydraulic Steel. . L S 108 108 v TH - T 3% % 2% 22% 80 30% 5 5 45% 45% % i T L Int Pappeat (£) . - Te% 7% . ° <58 Int Shoe pf (8) - ) 48 3 20 2 2 2T 3T 19% 204 Kelly Sprg ist pf. Kelly Springfd pf. ng Kenne Cop (3)... 404k T&R.. o 1% 40% Keystone 1% a Tez & PacC&0. | Third Avenue, Kresge D § pf (8). TeeRub& Tire . Received by Private Wire ‘Direct to The Star'Ofce 4 ... Louis & N'sh (8), Ludlun Sti€2] MclIntyre (760).., kay Cos (7). cx Truckw (6). Mack T 1st (7).. /101 Macy RH & Co, .. Magma Copper. .. Manati SUg.(5) way Manatl Sa pf (7). 8 Man El Sup (4)s.% 48" ibo O} Marlin Rockwell. Martin Parry (3) Maxwell Mot A. ., Maxwell Mot R. May Dpt St (5).. ... Midr'd Prod pf(8) Mex Seaboard (2. JexSeabd ctfs(Z) Miami Cop (2). .. Middle St Oil..... M StPESSM (4. 107497 1% "6 16% 114% 114% 1144 91% 924 91w 101% m} ous 10 N 484, 4! DWY 80”1 80 48R 48 46%; 45 3R 84% 2% 27T% 10 53y o 28% 81 81 19% .20% 198 1% 20% 1% 40 20% 2 41% Mis Kan & Tex.., e Bits K & Tex pt Missouri Pac pf. Mont Power (4) Montgom Ward A-an Mot (3)' Mother Lode 75c. Munsingw'r (3).. Nash Mot (1833). Nat Biscuit (3) Nat Dairy @).... Nat Dept Stores. . t Lead pf (7). Nat Supply (3) Nev Cons Cop. ... NewO,T&M 123% NYAir8r@)... NYABra®) N ¥ Central (1) N Y C& StL (6). Ny C&StL pf (6) . N Y Dock, ..anrss NY NH & Rart,.. N ¥ Ont & West.. Niagara Falls P N North Anier (2). North Am pf (3). North Pac (5) Pacific Coast. . Pac. Coast 2 pf. PacG & E (3) Pacific Oil (2). Packard (1.20) Packard pf (1) Park & Tilford, PennC&C (4).. Perin Ratird <3), Penn Seab Steel., Peop Gas CI (7). Pere Marg (4). .. Pere Mar pt (5).. Phila Co (4).. Phila Co pf (3) Ph-Jones pf (7).. Phiilips Pet (3).. Plerce-Arrow.: Dlerce-Arrow pt.. P-Arprpf (8)... Pierce OlLpt. Pitts StLpf (7)... Pitts UL 5C1.65 Pitts Ut ctfs 1.65. Pitts & Wes Va.. Public Serv rts... SNJIpf (8).. Pullman Co (8) Punta Al 8u(5) Pure Oll (1%)... - Ry St 8g pt (7) Cop. Read st pf (3 Read 2d pt (2). Remington 2d(8) Remington Type. Replogle Steel. .. Rep Ir & Steel, .. Rep1&8pf (1).. “2o% 21% . 21% T b 6% 29% 29T 29% 109% 111 109% 60% 60% 69% 36K 861 3% 38 @a 96 21% 13 99 43 104% 1033 2043 98% 100%, 98% 87% 8Th [B7% 33 83w '324% 24% 25% ‘249 204 21% 20 dh 444 RN *27% -’ 19% 39 121% 121% ¥21 21 27 50 50% (26% 49% 635 63% 63 6% e T 5% 25 .80% 94% d6% © 1% 9% 2! 267 26% % € 2% 2% 98% 98k 524 53% . 6812 69% 52% b63% - Bs 8% 33% 54% B4 13% 13% 104% 104% 123% 123% 50% B50% 20% 20% 117T% 117% 10% 10% 7 B56% Rey TobB (3)... 1 Rey Tob pf (7) Rossia Ins A (6). Roy D'tch (3.46).. Royal Dutch rta.. St Josepn LA (3). StL S'th pt (§) Schulte pf (8) . Seaboard Alr L. Seab'd Alr Lipt. . Sears-Roeb’k (6). Seneca Copper. Simmans pf (7) .. Simme Pet. .. Sinc Con Oil (2) Sin Con O pf (8). Sloss-8h pf (7).. So Por'R 8 pf (8) South Pac (6)..... Southern Ry (5). South Ry pf (5).. Spicer M{g....... K1d-Gas & El 3). Stand Mill (5) ... |stoucai 3. StOIINT (1).. StOil N Jpf (7).. Std Plate GI(75c) Sterling Pr (4). .. Stew't War (10).. ‘Fexas Co (3] Tex Gulf (16%). Texis & Pacifio. Un Pacpf (4).... Un Tank Car (5). Un T Carpf (T).. 4% 118 Utd Alloy Steel... 32% Ut Stores. Utd Ry Invest pf. USCastlronP., WAKE NEW LOWS s |Bond Quotations -Tumble on|Lis Revolution News—Home Market Steady. BY GEORGE T. HUGHES. Special Dispatch to The Btar. NEW YORK, July 14.—Extreme weakness in Brazil lssues was again the feature of trading in bonds today. New lows for all the obligations, both of the Federal government and of the State and municipal governments were recorded. ‘Only the 7% per cent Coffee wocured; Joan, the security for which does fot rest upon conditions in Brasil, registed the slump, ~' Before noon, Brazil 7s had dropped four points, Brazil 8s nearly three points, while the State of Sao Paulo S8 were down 2% points at the extreme low. There was remarkably little sym- pathetic reaction in other foreign bonds. Even the Bolivia 8s were com- paratively unaffected, and it was in Bollviusthat a minor disturbance had been™" Feported. - Of the Huropean nds, the Jugosiav #s recovercd after the weaknegs of last week. French’ issues” Were. steady. Domestle Boads Steady. The general domeatic bond market was dull and a trifie heavy, although not- @t a¥” weak. In view of the money situation, it is difficult to see How any substantial reaction can be oxpected. . United States sovernment loans were a little higher and there was buying by banks, although pri- vate individuals were supposed to be- lieve that the yleld was no longer at- tractive. | Thé high-grade ralls and industrials were quietly firm. Among the more speculative issues, Erie bonds werc prominent, espe- clajly the convertible “D” 4s and the general 4s. Missouri-Pacific refund- ing_ 68 and,5s of 1965, as well as the genéral® s, Missouri DPacific refund- slight reaction of last week. The block of $4,422:080 fives of 1965, of- fered _today, represented holdings of an estate and were sold to other pri- vate buyers. St Louis-San Fran- cisco adjustments and incomes were Gotive and fractionaily higher, and the same was true of Seaboard Air Line adjustments. Hatlway L By the Associated Press NEW YORK, July 14.—New bond of- fertugs today included $5.800,000 State of Californfa 4 and 413 per cent gold bonds at prices to.yield 4.05 to 4.10 per cent and $1,000,000 Houston Light- ing and Power Company (Texas) first aud refunding mortgage gold bonds at 91% to ‘yleld ‘5.60 per cent. Books were closed for the sale of $2,400.000 New Orleans, Texas and Mexico Rail- way first mortgage 5 per cent gold bonds, series B, which were priced at 92 to yield about 5.55 per cent. WHEAT PRICES SOAR ON SHORTAGE NEWS All Season's Records Broken Today ~During Rise of Over 5 Cents ..~ Per Bushel. Ce By the Assofiated Press. - CHICAGO, July = 14.—Abnormally dry weather in Canada attracted such attention to wheat on the Chicago Board of Trade today that all high price records for the season were broken and talk was current that a large part of the wheat which it was expected would come here from the e Cloxed. 2% | southwest would be diverted to for- eign outlets by way of the Gulf of Mexico. Reports were at hand that even with the best of conditions for the remainder of the season much of the Canadian crop would fail to yleld more than ten bushels an acre and would be almost a total failure if rain was further delayed. In this connection some estimates of the 1924 world production of wheat, in- cluding Canada, poiuted to a shortage of 10 per cent compared with last year. Chicago prices of some future de- liveriés of wheat showed over 5 cents a bushel advarice today since Satur- day. May, the most distant month traded {n reached $1.30% today, against 1.25%, Saturday’'s final figures. For- eigners led the buying, which was of a degidely active character. Nearby deliveries of corn were ‘also lifted to the topmost. prices this sea- son. PRSI 3 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Ce.) Nominal Selling gold value. checl - 48665 438 Budapest, crown. i Prague, crown. Warsaw, mark... Copenhagen, crow Chrixtiania,” erows Stockholm,” crown. By the Associated Press. NEW YORK, July 14.—Foreign ex« changes firm. " Quotations (in U. S, dollars) — Great Britain,” demand, 4.38%; cables, 4.38%; sixty-day bills on banks, ~ 4.35%. ~ France, mand, .0526; cables, .0626%. demand, .0433%; cs&bles, .0434. gium, demand, .04613%; cables, . Germy , -demand (per _trillion), .23%.%‘”& demand, .3778; Nor- way, demand, .1343; Sweden, demand, a ; d, .1336; Greece, demand, . oland,” demand, .00 Faecnos vakia, ' demand, ugoslavia, demand, .0120; demand, .000014%: Rum 004! Argentina, demand, .3275; Braszil, de- mand, .0950; Tokid, demand, .41 Montreal, 99 3-8. . 9% 9%, 3% 2% 21% UK T4 716 1% 714 110% 111% 110% l“" M % 2% 624 62 U Seetsts o | Uian pow & Lt 6. the ‘Wilson&C cv 7%s. { Swiss 5% [owvvo BONDS srocessausves] by Private Wire Direct te_The Star Office. LU0 Chades ave tn 91,00 rracUNITED STATES BONDS. 'ract| thirty-seconds. Example: "101:8 heans 101 3-33.) High. Low. Closs. fiol-fl 101-12 101=14 6 101-16 101=16 12 101e14 101014 10114 26 1021 10130 102 87 101-15 101-12 10116 228 102-7 1024 1025 676 1026 103-2 10245 22 104-23 10421 104:21 FOREIGN. Argentine §s. Argentine 6s ‘37 Argentine 1 Austria 1 Belgium ¢s. Canada 5% 1939. ghfl. 8519 A. Danish Munic 8s B. Denmark 6s.... D 47, Dutch East I #s’62. Finland s ¢ 6a 1945. Framerican 7% French Govt 7%s. French Govt 8s. Hait1 6 Holland-Amer 68.. Italy 6%81926.... 2 Japanese 4s. Japanese 1st 4158 Japanese 2d 4% Japanese 6348 Jorgens U M 6, etheriands 65 '72. orway 6s 1943, Norway 6s 1962. Norway 8s Orfent Dev deb Paris-Ly's-Med 6s. Porto Algere 8s... Prague 1%s Queensland Queensland 7s Sao Paulo City 88 Sao Paulo State 8 Seine Dept of 78 Serbs Crotes Slo 8 Soissons 6s. . Sweden 650 Swiss Confed 8 Ud Kingm 5%s Ud Kingm 6% Urugnay 8 Zurich 83 MISCE Ajax Rubber ss. .. Am Agr Chem bs... Am Agr Chem %8s Am Chains f6s'33. Am Repub deb 6s.. Am Smit&R 1st 58 Am SmIt&R 6s Am Sug ref 6s. AmT & Tcltr AmT&Tcltrb Am T & Tdebb Am Water Wks Am Writ Paper 6s. Anaconda 1st Anaconda cv db Armour & Co 43%s Armour of Del 5%a Asgociated Ol 6s. . Atlantic Refin 6s.. Bell Tel Pa 5s. . Beth Steel rf 55 Beth Steel 5%s '53. Beth Steel s £ 65 Braden Capper 6s. Brier HSt 1st 5%s Bklyn Edison 7s D. Bklyn Union G & Bush T Bldg 55 '60. <alif Pete 6%8. Central Leather Chile Copper 68 CinG&Eb%S Col Gas & El 5s. Col Gas & El 5 sta Commonwth P 6s.. Con Coal Md 1st bs. Consumers Pow bs Cuba Cane cv.78 '30 Cuba Cane cv d 8s Cuban-Am Sug 8s. Denver Gas 58 Det Edison ref 68 Du Pont de N 7%s. Duquesne Light 6s. Est Cuba Sug 7 %s. Empire G&F 7%48.. 2 Fisk Rubber 8 1% 111 84% 83% 96% 96% 88 BTY% 95 84% 92% 924 94 93% 105% 105% 100% 100% 963 96% 101% 102% Goodyear 8s 1 Goodyear 85 1941. Hershey 65 1943... Humble OLR 5143 iinots Bell 15t Ulinojs Steel 4% Int Mer Marine 6s. Inter Paper bs '4 KCPaltiaa Kan G & Kl 685 Kelly-Spring 88... Kawa 8 58 '50. . Liggett & Myrs Liggett & Myrs 1 Loriilard (P) b8 IR ] PCnEBERNAN anati Sug 82 T%s Yazican Petrel 5. Midvale Steel bs. Montana Power b Morris&Co 15t 445 - SaBow mo e s weeSonnoubif8uanues Phil & m:‘—::. i v Producers & Rt 3s. 8 Producers&R 85 w. 1 Public Service 5s.. 7 Pub Serv Elec §s. Punta Alegre 7 10 12 =§=§= .._ = 23 z«:g:fig’gzugggsz Va-Car Chem Va-Car b 7%s Vertientes Sug Warner Sug 78 62, ‘Western Elec 58... Western Unlom 63§ Westinghouse 7s.. Wickwire Sgea 8. Willys-Ov 639 °33. ' Wilson & Co let 8s. ‘Wilson & Co ov 6s. i “NAGIRUPEIT™Y YO P 5 T S - ¢ -1 WinchestsrA 7%s. Femewn s AT s i i Hi Hit sg3§izess s333innne rt=t - Canad Pac dob Car Clinch & O C Pac PPTTONE TToNRA Y- CM&StPab4s. Chi M&St P cv 4348 CM& Bt P gn 4%s. Ch! M&St P rt 414s Chi M & St P cv ba. ChiMe CRoncananetae N BooRmeSn Colo & Sou 4% Cuba R R §s. Del & Hd 18t rf 4a. Del & Hudson 6%s Den & Rio G cn ds. D & Rio G imp bs.. D&RG lIstrfbs Det United 4% Erie & Jersey Erie Genesseo R Gr Trunk ef b Grand Trunk 7s. Great North 5s. Gr North gen b Gr North gen 7 " Havana ERL&P b3 7 Hud & Man ref §s.. 17 Hud & Manaj 111 Central vef 4s. . 49 Tnt Rap Tr bs stpd.132 Int Rap Tran s Int Rap Tran “ Int & G Nor 1st 6s. 10 G 114 or Towa Cent rf 43 Towa Cent 1st Ba. Lehigh Valley 6s Long Island rf és.. Louis & N uni & Louis & N 63 3. Manhat Ry en M&St RRXKEER am ] W R -:55.- N Y Cent gen 3% NI Centcn sl a New York Ry rf New York Ry aj NY Rysadjbsct.. 26 N ¥ State Ry 4% 10 NYW&Bosdle. 29 Norfolk & W cv 6s. 32 Northern Pac 3 2 NorthernPacs... 3 Northern Pac 8s D, 17 Northrn Pacriée. 11 Ore & Calif 1st5s.. 8 Ore Short L ret 4; 3 OreShtLcn 53’46, 8 Ore-Wash Istrf ¢3 15 Penneyl con 4%s.. 20 Ponnsyl gen é%s.. 2 Pennsy! gen bs. ) 14 | September 1.19% to 1.20% and Decem- FINANCIAL. 200-POINT BREAK IN JULY COTTON New Orleans Market Tumbles $101 Per Bale, Due to Heavy Spot Offerings. By the Associated Press. 3 NEW ORLEANS, La., July 1¢.—July contracts broke 200 points, or $10 a bale, on the cotton market here to- day, selling down from 29.05 to 21.05, due to heavy offerings by local and New York spot houses. Other months were only moderately affected. Cotton 1o ar0otien, fatures closed steady 1 point up to 4.30 ; Octobes 30: De. ¥y, 24.23; Mareh, 24.30. NEW YORK, July 14.—A sensation- ally rapid break in the price of July at ‘New Orleans, attributed to sales of @ few hundred bales, had an un- sottling effect on the market here in | the early afternoon. Puly sold off to 29.90, and October to 25.15, or 4 to 11" points net lower. The market soon steadied on_renewed covering, however, and- at 2 o'clock was com- paratively quiet ‘within a point or two of Ssturday’s closing figure. Cotton futures closed steady. July Octobe December = January . 2415 March . 2445 July, 29.98: October, Jangary, 24.30; March, BIG CHAIN STORE STOCK OFFERING Bankers’ Shares to Be Secured by Fourteen Leading Firms Doing $68,000,000 Business. Opent Der, 24. By the Ausociated Press. NEW YORK, July 14.—Simultane- ous offerings will be made this week | in New York and London of bankers' shares secured upon the stocks of fourteen leading chain store systems of the United States, including the Woolworth, Kresge and Great At- lantic and Pacific Companies. -Formation of the United American Chain Stores, Inc, has been com- pleted as'a holding company for the stocks. Against each block of 148 shares, totaling $10.000 par value, there will be issued 1,000 bankers' shares which will be sold at a price of about $16.25 each. Operating 19,000 stores, the four- teen systems last year reported com- bined ‘net profits exceeding $68,000,000. Included in the holding company are | the United Cigar Stores, United Drug Company, Schulte Retail Stores, ChHds Company, May Stores, McCrory Stores, Company, Ginter Company, F. and W Grand Stores. 5. H. Kress & Co. and ;?;:, Kroger Grocery and Baking Com- Y. CHICAGO GRAIN PRICES. CHICAGO, July 14.—All deliveries of wheat jumped to a new high price record for the season today as soon as the market opened. Foreigners and houses with eastern and northwestern connections were active buyers. Re- ports of increasing damage from drought in Canada were chiefly re- sponsible. Initial quotations, which rapged from % to 2% higher, with ber 1.22% to 1.23%, were followed by slight additional gains. Corn, as well as wheat, went soar- ing, but only the nearby deliveries of corn reached mew top prices. Scarcity of immediate supplies continued. After opening unchanged to % higher, September 1.01% % 1.033, the market later showed upturns all around Oats responded to the sdvance of corn_and whea 3% to 1% up, September 463 ., oats con- tinued to ascend.” In the provisions market the effect of grain strength was partly offset by immense yeceipts of hogs here, the largest number 5 g low, Cloe. 23 123 1.25% 1.10 [T 838 233 il ¥ 4 BeH o 328 853 353 It R S CHICAGO LIVE STOCK MARKET. CHICAGO, July 14 (United States Department of Agrjculture).—Hogs— Receipts, 96,000 head: moderately active, 15 to 25c lower: mostly 20c off; packing sows, killing pigs and lower grades show maximum detline; weighty butehers; bulk good and choice 260 to 325 pound butchers, 7.40 a1.50; desirable 160 to 225 pound av- erages, 7.25a7.40; better 140 to 150 & Peoria & E inc Pere Marq 1st PCC&BtLIsA Readls 4% Rio G West 1t 4: RIATk&L{%s StLIM&Bds’39... 34 8t L IM&S R&G ¢3. 10 St [azp AR Y RN 684 67% 1.101% 1084 1 81 81 guuuan 0% wnw Pofnupprerl £ Sou Pacificref ds.. 21 Southern Ry gn4s. 6 T4k 744 T4 Southers Ry 1st s 30 1004 100% 100% Southern Ry 8sct. 27 101% 101% 101% Southern Ry §3s.. 7 106% 106% 106% 66 B54 554 49% 50 0% 99U 82% 82% 3% 84 6% 8% 98% 104% 104% Tol StL & W 3% Tol StL& W 4s,.. Union Paelstds... 2 Union Paclstyfés 1 Union Pacific 48’37 3 98% Union Paolstrf§s 8 104% Virginia Ry ist6s, 16 964 96 364 VaRy&Plsts.. 3 84 94 94% Wabash istés.... 1100 300 Wabash 34 5s..... 10 93% ‘m 1% Westorn Md 4s. ... Western Pacific s ‘Wisconsia Cent 4. pound kind, 6.75a7.10; packing sows, 6.6026.95; good and choice strong- weight slaughter pigs, 6.2686.50; re- ceipts yard record for July; heaviest for current year. Cattle—Receipts, 24,000 head; fed steers steady to l5c lower; better grades comparatively searce: year- lipgs fairly active; fully steady; early top long yearlings, 10.40; some heavy held at 11.00; buik early sales fed steers and yearlings, 3.50a10,00: grassy cows selling 8t 5.50 down~ ward pending lower; other grades she stock and bulls’ about steady: weighty bolognas -upward to 5.40: numerous sales, 5.1585.25; less desira- ble quality considered; vealers steady lower; packers payin, to 11.00; mostly 10.25a10.75: outaders hand-picking to 11.50 stockers and feeders; y.. Sheep—Receipts, 13,000 head; ge- tive; killing lambe around 25c highe early bulk fat mative lambe, 15754 14.00; fat range lambs, 14.00a14.15 sorting _moderate culls, 9.00210.00. sheep steady to strong; few fat hand- weight ewes, €.25: range breeding ewes, 6.50; early sales feeding lambs steady; few heavy feeders, 11.70, - -— COTTON REPORT OUT. Cotton _consumed during Jyne totaled 360,277 bales of lint and 39,- 583 of linters,.compared with 413.- 649 of lint and 42,431 of linters in May this year, and 542,036 of lint and 48,- 944 of linters in June last vear, the Census Bureay announced. today. Statistics. for cotton-gTowing states includg: Cotton consumed during June, 247,- 478 bales, compared sith 289,987 (in May this-year and 351,181 in June last year: Cotton on haiid in cotton-growing 0.75; outsiders ‘WILL AUCTION OFF PLANT. MONTREAL, July 14.—All gssets of the Riordan Company, Ltd., pylp aund paper interests will be sold at public auction here under sutherity of the coufts, it was anmousced today in wspaper advertisements, PLENTY OF FREIGHT CARS: Surplus” freight” cars in good re- pair and immediately avallable for service totaled 350,389 on June 30, & " | ecrease of 3,255 under the numper on June 22, the ,American Ratlway Association feports. Virtuslly o states June 30 was held as follow, In consuming establishments, 499,86 ?‘-les. compared with 636,619 on May } this year and T87.850 on June 30 Jast year. 3 Tn public storage and at compresses, 749,269 bales, compared with 962,786 on May 31 this year asd 935,636 on June 30 last year. ‘. ‘BATES ON BAR SILVER. LONDON, July- 14.—Bar silver, 34%r per ounce. Money, 3% per cent. Discount rates: Short bills, 3%a3% per cent: -three-month bills, | Railway all interests paid 7.0 top for choice | & BEL PHONE EARNS 569 PER SHARE Common Again Makes New High—D. C. Bankers at Convention. BY CHARLES P. SHAEFFER. The American Telephone and Tele- 8raph Company was operated at & net income of $42,590,181 during the first six months of 1924, according to statement of earnings given out this morning. This sum Is equal after taxes and charges, to $5.60 share on tho &verage outstanding capital stock in the period. The total income for the half-year poriod amounted to $73,528,504 er in e€xcess of 35,000,000 more than for the corresponding period of last year Expenses including taxes totalcd 22,576,746, and interest deduction aggregated 35,361,576, Dividends, total ing’ 333,670,633, were disbursed durin the period. In a statement to stockhold: President H. B. Thayer estimat. there are now wel) over 560.000 ho. ©ors of Bell telephone securities Loeal Bankers to Attend. The annual cenvention of 1 American Institute of Bauking | oMcially scheduled to get under w: tomortow morning in Baltimor« WO business meetings wil] be he during the four-day session and o afternoon will be given to entert ment. The rest of the time will devoted to departmental conferen On Saturday morning ahout ] of the visiting delegates will com. Washington on u sight-seeing to 5 of the local chapter. siting delegation attendi the convention includes many Wa ingtonians. Askx $10,000,000 Bond Isxue. The Virginian Railway Comp: today applied to the Interstate (o merce Commission for authority issue and_sell $10,000,000 of fi mortgage 5 per cent bonds, and no inally to issue $3,133,000 of the su series. The carrier also asked authority Suarantee an issue of $1,103,000 . first mortgage 5 per cent fift gold bonds to be floated b: Virginian Terminal Railway pany. Railway Common Still Higher. Still another high record on t present movement was attained Washington Railway and Electr common _stock this morning, t- shares selling at 80. This marks fh. peak of an upward movement begu several weeks ago when the sellin: price was in the low seventies. Continental ‘Trust Company ea off half a point to 85 on sales of shares, but Commercial National wi. strong at Norfolk and Was! ington Steamboat sold at 215, an Lansten was unchanged at 72%. Bonds were listless and unchanged Car Report Out Today. The American Railway Association reports surplus coal cars in good re- pair on June 30 totaled 162,343, « decrease of 4972 under the number reported on June 2, while surplu, box cars ir good repair totaled 153,550, an increase of 239. Reports showed 17,912 surplus stock cars, an increase of 220 within ap proximately a week, while there wa- n_lsu an increase during the same pe riod of 831 in the number of surpine refrigerator cars, which brought the total, for thet class of equipment to NEW YORK EGG PBiCES. NEW YORK, July 14.—Fggs—Ir regular: receipts, 13,243 cul'e:‘ gathered extra firsts, firsts, 27228 ; hennery v selected extras. 40a42; nearby earby western hennery whites firats to extras, 35a42: nearby hen- nery browns, extras. 381;a3s; Paeific coast whites, ‘extras, 31a36; do. firsts 3la3sy. Washington Stock Exchange. SALES. Washington Ga, Sortolk ang Wi a 55——$1,000 at 98. shingtop Eteambest Co.—j0 ington Rwy. & = Commercial National Bask—3 ot 140, 19'at Continental Trust Co.—10 D at &',““ C 10 st 85 siton Movotype—10 at 723 AFTER CALL. Georgetown Gan 5531000 at 871 Continental Trust Co.—3 at 5. Money—Call loave; & and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITT Jol £ Telgs de..... Tl relge. 4ip... e Tel, & Teie et r. Serr American Tel. & Tel. conv. s, Anacostia & Potomac 5s..... 861 n0i 101 & Metropolitan R. K. Potemac_Eleetric Potomac Elec. cons. As. Potomac Elec. deb. fs. Potomac Elec. 65 1953. Pot. Elec. Pow. g. m. Wash.. Alex. & Wash.; A Ewy. & Flec. . Bwy. & Elee. 6s MISCELLANEOUS. Paper Mfg. 6s.. Riggs Realty 55 (long' Riggs Realty 58 (short 1dx. 6535 ah. Mkt. Cold § ‘Wardman Fark Hotel 6s. STOCKS. PUBLIC UTILITY. o >8P Washingtop_Ga Yortolk & Wi srmers ™ Pederal-Americss Liverty incoln National Ueiropofia ) Secsna National TRUST COMPANY. ity d&. Trust, American f‘?’r.\ul,‘ R FIRE INSURANCE. 2658 - TITLE INSORANGE. ELTIH NEW. YORK, July 14.—Bar cifver, Ia 6. per cen 4