Evening Star Newspaper, July 30, 1924, Page 26

FINANCIAL STOCKS IN TUMBLE INFINAL TRADING FINANCIAL HAYNES MADE HEAD OF COMMITTEE D. C., WEDNESDAY, JULYV 30, 1924, [ vou BONDS ot ] Received by Private Wire Direct te The Star Office. FOREIGN, (Bales are in $1,000.) Sales. High. UNITED STATES BONDS. 82% (Fractions represent _thirty - seconds. 50 93% Example: * 98-3 means 98 3-32.) 10 sales. High. THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office STAR, WASHINGTO MOVES PUZZLING IN BOND MARKET Open. High. Low. Close. 27% 27% 26% 27 96% 96% 94k 95% 864 364 364 36 Open. High. 8 87 40% 40% 9% 9% Low. Close. 86% 86% 40% 40% 9% 79% Low. Clese, 82 93% 93% 102% 102% Adama Exp (8).. Adv Kum pf (3). Alr Reduct (4) Ajax Rubber. Int Com Eng (2). Internat Har(5) . int Mer Mar pf. Argentin Argentine 9 8% Argentine 7s. 102% Low. Closs. United States Steel Leads Market Early in Day—Many New High Records. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, July 30.—Everything else on the stock exchange today was secondary in importance to the sharp advance in United States Steel common. Trading in this leader was unusually heavy. The stock was carried above 106 for the first time since its advance to 109 early in the vear. It was not unlikely that much of the buying represented short cov- ering, for Wall street has heard of intensive operations having been con- ducted on the short side of the mar- ket for United States Steel even be- fore the recessions of the Spring and Summer in the industry first became apparent. s The favorable dividend action taken by the Steel directors late yesterday and the publication of a better earn- ings account than had been antici- pated for the second quarter were a distinct help to the market. The stage had been reached where a set- back had been looked for. Under the cover of Steel common's advance, profit taking occurred throughout the day, and through Steel's performance went the credit for the market's do- ing so well in spite of this selling. The corporation’s report showed that in the three months ended June 30, net earnings amounted to $41.33 - 035, as compared with $50,075,440 Vin the preceding quarter. ~The _second quarter's results equaled $3.44 a share on the common, against $5.03 in the first. In the six months the regular and extra disbursements on the common were earned more than twice over. Many Special Moves. Other steel shares did better under the influence of the steel episode and also in response to more favorable steel trade reports. Railway shares were still somewhat in the back- ground, although the upbidding of such stocks as Atlantic Coast Line and Nickel Plate, both to new tops for the vear, was notable. Most of the railway traffic statements for June are out of the way, and in spite of the fact that as a whole they were decidedly less favorable than for the month a_ year ago, rallway shares have held the greater part of their recent gains. Special moves were in progress during the day. Among them the vio- lent upturn in American Water Works and Electric_common to a new top Wwas an outstanding incident. Inter- national Nickel was discouriting fur- ther improvement in earnings, while Savage Arms responded to the ‘second quarter earnings statement, showing that net income amounted to $383.968, against $67.090 in the first three months. A bad break in Daniel Boone Woolen Mills to its lowest figure re- sembled what occurred several months 8go in Consolidated Textile. The de- cline did not fit in with the optimistic statements regarding 1924 results which came from authoritative sources some time ago. Tobacco Shares Active. United Cigar Stores and Lorillard were the most active in the tobacco group today. The former rose to a new high on efforts of a speculative c’ique which holds that the value of United Cigar Stores leases and real estate justifies a higher price for the stock. Satisfactory earnings of the retail tobacco trade also were an influence. Lorillard’s strength was a repetition of what happened a while ago when buying occurred on the idea that, with earnings and dividends equaling those of Liggett & Myers, the stock should sell at least on a par with the latter. The common stock of the New York. Chicago and St. Louls railway (Nickel Plate), following its uptuurn of the preceding day, went to a_new high for the year above 103, despite the statement of George F. Baker that he “knew nothing about the proposed consolidation” ~ with the Erie and Pere Marquette. Mr. Baker expressed himself in favor of certain railroad consolidations because they would be “beneficial to the country by cutting down the overhead. Sharp Reaction at Clone. After a period of dullness round midday the stock market turned more active as realizing sales became more pronounced. Many stocks fell ‘back fairly sharply from their highs, but at the same time buying oper: tions increased in other directions. TUnited States Steel continued stron, and there were indications throug! out the list of repurchasing on the jdea that the reaction would not carry far. CLOSE IS UNSETTLED. Steel Holds Up as Others Slump in Last Hour. By the Associated Press. NEW YORK, July 30.—Stock prices surged upward in the early part of today's trading under the ieadership of United States Steel, but reacted later on a wave of profit taking. Declaration of an extra dividend by the United States Steel Corporation and favorable week trade reviews sustained the strength of the steel shares. Sales approximated - 1,200,000 shares. The closing was irregular. Rail- road issues bore the brunt of heavy realizing sales in the late dealings, Union Pacific, Northern Pacific, Balti- more and_Ohio, Lackawanna, Erie. Southern Railway and Great North- ern and St. Paul preferred issues re- ceding 1 to 2 points. With the excep- tion of the steel shares industrials also tended lower. Markets at a Glance NEW YORK—Stocks irregular; steel issues strong; rails react. Bonds unsettled. Liberty, reach new highs, then react. Forelgn exchanges, Jower; French francs fall below 5 cents. Cotton weak, bearish weekly ‘weather report. Sugar, easy, increas- ed offerings. Coffee, lower, weak Brazilian markets. CHICAGO.—Wheat, lower, denials crop damage Canada. Corn, easy, fine weather. Cattle, steady. Hogs, lower, limited demand o V. S. TREASURY CERTIFICATES (Quotations furnished by Redmond & Co.) Bid. Offer. . 1007-18 10014 + 100 2732 100 2932 101 101% o1y 1011082 L B : 102% 102! 1011516 102 1-18 September 15, 192 December 15, 192 5%s 3 192 s September 15. s March 15, s December 15, ration. ob Ltd pf Int 1. Q C Imp Inland 8te do. pf. g Pieree, B LIVE POULTRY PRICES. CHICAGO, July 30.—Poultry—Alive, unsettied: fowls, 15a21; broilers, 27a 28; roosters, 14%. ) PARIS MARKET STEADY. PARIS, July 30.—Prices were firm on the Bourse today. Three per cent Tentes, 52 francs 10 centimes. Ex- change on London, 87 francs 55 cen- times. Five per cent loans, 67 francs 15 centimes. The dollar was quoted at 19 francs 92 centimes. ? oW 1% 1% 8% T8% 116% 116% 56% 65% 9% 9T% 16% Al% 42 123% 1154 171 123 23 4 116% 104% 105 10% 60% 22% 10% 21 42 80% 45 107 12% 70 37% AlasGold Mine: Alaska Juneau. . . Allied Chem (4). Allied Chm pt (7). Allis-Chalm (4).. Allis-C M pf (7). Am Agricul Chm. AmAgr! Chempt Am Beet Sug (4) Am Can (16) Am Canpt (7).. Am Car & Fy(12) AmC& Fpt (1).. Am Chicle. . Am Drug Synd.. Am Express (). Am& F P 25%(T) Am For P { pd(T) Am Hide & Lea. Am Hide & L pf. . Am Internati, . Am LaF F E(1). Am Linseed. .... Am Linseed pf.. Am Locomo (6) . Am Metal (3)... Am Radiator Am Ship & Com. Am Sm & Re (5). Am Stl Fays (3). Am Sugar....... Am Sugar pf (7). Am Sumat Tob. . AmT& Tel (9).. AmTel & Tel rts. Am Tobac (12).. Am Tob B (12).. 2Am Water Wka. | Am W W pf (6). Am Woolen (7). Am Wool pt (7). Am Zinc. z Am Zinc pf. Anaconda Arm pf Del (7).. Asso Dry G (). Asso Ol (1%)... AtT&SFo (6).. AT&SFpf (5). Atl Birm & At Atl Coast i, (18). 129% AtGuif& WI... 15% AtGuif& WIpf 20% Atlan Ref (4)... B4 Atlan Ref pf (7). 111 Atlas Powd (4). 49 Atlas Tack 8% Austin-Nichols... 24% Bald Loco (7)... 119% Bal & Ohlo (5) 62% Bal & Oh pf (4). 61% Barnadall A. 20 Beth Steel. a“ Beth St pf (7) % Beth Sti pf (8) ... 108 Booth Fisherles.. 5% Brk Edison (8).. 116% Brk-Man Tran.. 26% Br Man Tpt (6). 70% BrklynTInG (&) 68% Brown Sh pf (7). 90 Buff R& P (4) 50 Burns Br (10). .. 110% Burns Br B (2).. 26 Butte C & Zinc.. 5% Butie&Superior 18% Butterick Co..... 18 CadoCenO&R. 2 Cal Packing (6). 86 Cal Pet (1%)... 22% Callahan Z Lead. 4 Calu & Ariz (2).. 53% Can Pacific (10). 147% Case Thrs'g pf 59 Cent Leather Co. 14% Cent Lea Co of 4% CenRibM (2).... 27 Cerro de Pasco(4) 46 Chand Mot (6) 49% Ches & Ohlo (4).. 89% Ch&Opf (6%).. 108 Chicago & Alton.. 5% Chic& Alton pt.. 12 Chic& EastIll... 29% Ch&EastIllpf.. 46% Chic Gt West. 65 Chic Gt West pf.." 17 Ch MIl & St Paul. 16% ChMil & St Ppf. 274 Chi & Nwn (4)... 63 Chic R1& Pae... 354 CStPM&Opf (7) 83 Chi Yellow C (4). 48 Chile Cop (2%).. 32 Chino Copper.... 21 CCC&StL (5).. 1344 13¢% Cluett, Peab (5). 624 62% Coca-Cola (7)... T78% 74 Cnlo Fuel &Iron. 45% 47% Colo Southern.... 36% 26% Col So 1st pf (4). 694 b5 Col Carbon (4) 424 44 ColG & k (2.60).. 414 41% ComSolvA (4).. 61% 62 Com Solv B. . 55 bb% 48% 48% 17% 17% 2% T4% 0 0% b% 664 98 Consol Cigar. ... on Cigars pf(7). Consol Gas (5) Consol Textile Cont Can (4).. Cont Ins (6).. Cont Motors (20c) 6% Corn Products... 33% Corn PrRpf (7). 121 Couden Co. . 28m Crucible S 66% Cub Am Sug (3).. 32% Cuban Cans Suj 15 Cub Cane Supf.. 65% Cuba Railway 72 Cuyamei Fr (4).. b56% Dan! Boone M (3) 16 Davidson Chem.. 6584 Del & Hud (9)... 121 DelL& W (6)... 130% Det K1Co (8)... 1074 Dome Mines (2).. 15% Doug-Pectin (1). 11% 11% DuPtdeN (3)... 128 128% Eastmar. (16%). 109% 109% ElStor Bat (4).. 68 b8% 14 M 3 3 1a% 14% 62% 62% 34% 34% 41 4% 89 39% 27 21% 86% 87 96% 97K w47 11% 11% 8% 8% 50 a9 61% 61% 72 72 9% 9% 4 4 41% 41% 43% 43% 109% 109% 89% 89% 265 257% 1% 1L 14% 4% 86 86 86 86 4% 44% 53% b4% 10 10% 39% 40 14% 14% 22% -22% 79% 9% 96% 95% 57% 574 17 17 67% 68% 121 130% 107T% 16% Emer Branting. .. Em Branting pf. . End-John (6).... Erle. Erie Tat pf. : Erie 2d pt. . Fairbanks (2.60) Femous P1(8)... Famous P1pt (8). FAM&SPL(D.. Fifth Av B (64c). Fisk Rubber. ... Fisk Rubpf A. Fleischman (3%). Foundation (6).. Freeport-Texa: Gardner Motor. .. Gen Am T C (3. Gen Asphalt. Gen Baking (6).. Gen Cigar (8)... General Elec (8). Gen Kl spe (60c). Gen Mot (1.20)... Gen Mot db (6).. Gen Mot pf (6) Gen Petm (2) Gimbel Bros. Glidden Co. . Gold Dust.. Goldywn Pict. Goodrich. . Goodrich pf (7). G'dyear prpf (8). Goodyear pf. Gt North pf (). Gr Nor Ore (3)... 30% 30% Grt Wstn Su (8). 88% 91 Gt West Spf (7). 107% 107% Gr Cunan Cop. 17% 17% Guantan Sugar. ™ T4 Gulf Mo & Nor. 20% 20% GuMo& Npt (5) 70% 70% Gulf St Stl (5). T4% 6w Hartman Co (47.. 37% 38 Hayes Wh'l (3).. 37 37% Househ'd Pr (3).. 34% 344 Houston Ofl. . . 70 70 2% 2T% 13% 13% . % % Ilinots Cent (7).. 111% 111% 111 Cent pf (8) ... 112% 112% Indep OFF (1)-.... Th T% Indiahoma Ref. % % Indian Motorcyc. 18 18 Indian Refining.. 6k _ 6% Inger R (128) . Inland 8t pf (7). 102% 102% Inspiretion Cop.. 26% 26% Interd Rap Tr. 8% w 1% 77 116% b4 7% 14% 88% 0% 121% 115% 171 123 23 4% 116% 104% 105 10 58% 2% 10% 20% 42 79 4% 106% 11 69% 3T% 464 89% 9% 122% 8% 148 147% 114 93% T4 102 8% 29 6% 89 & 104% 28% 104 92% 2% 129% 16% 19% 83% 11 ) 8% 24 118% 613 61 19% 43% 91w 106 5 115% 26% 70 6n% 20 50 110 24% 5% 17% 18 1% 86 224 3% 53% 14T% 69 14 47 27 % 484 $T% 108 5% 12 29% 46 6% 16% 16% 25% 61% 34% 83 48 31% 20% 134% 6244 3% 45% 35% 59% 42% 41% 61 b6 47% 17% 2% 70 6 F5% 8 6% 83% 121 2% 6% 81% 14% 63% 72 b6% 1z 57% 120% 128% 107 15% 11% 127 % 1% 77% 116% 54 7% 15% 39% 41% 126% 115% 171% 123 238 5 119 108% 105% 10 58% 284 10% 20% 42 9% 445 108% 11% 69% 54 59 14 41 27 43% 4B% 88% 108 5% 124 29% 46 6% 16% 15% 26% 61% 854 838 43 31% 20% 1343 6244 3% 4T% 35% 59% 43% 41% 61 554 48 17% 744 0% 5 b6% 8% 6% 834 121 28 b5% 31% 1% 65% 72 5% 12% 5u% 120% 130% 107 16% 11% 127 109% 109% 7% 14 3 12% 62% 32% 39% 8y 27 84% 96% 46% 11% 8 49 61 1% 9 4 41% 42% 109% 89% 253% 1% 4% 86 &6 43% 53 10 39% 14% 224 9% Y5% 55 17 Y% 30 88% 107% 17% % 20 69% 3% 37% 264 34 57% 14 3 12% 62% 33% 40% 39% 2% 86 97% 46 11% 8 49% 61 % ? 4 41% 43% 109% 89% 256% 1% 14% 86 86 44 53% 10% 40 4% 224 9% %% 13 17 671% 80 90% 107% 17% T 20 69% 8% 87% 36% 34 69% « 70 27% 13% % 111% 112w ™ % 18 5% 102% 26% 29% [ 9 27% 13% * 111% 12% ™ [ 18 5% 240 240 240 240 102% 26% 31% % 9 Internat Nickel. . Internat Paper. Int Rysof CA Int Rys CA p{(5). ItT&T@®).... Iron Products (6) Jones Bros Tea. . Jordan Mot (3).. Kan City Soutn... Kan C5opf (4).. Kayser Jul & Co. Kayser pf (8). Keily Spr Tire. Kelly Springfd pf. Kenne Cop (7) Kevatone T & R. Kinney G R Co. Kinrey pf (S)... Kresge Dept Stor Kresge D S pf (8) Lee Rub & Tire.. Leh Val (3%). . Lig & Myrs (3).. Lig & Mvrs B (3, Lima Loco {4)... Loews Inc (2). 17% 18% 17% 18% 55 85 B4, B4 14% 16% 14 14 53% b3% b63% b53% 7w WA W% dn % K 24 24 24 24 27% 27% 214 2T% 22% 2314 23% 22% B5% b65% 65 66 23% 23% 23 23 83 83 83 83 16% 16% 15% 47 471 47 46% 4% 46% 2% 2% 2 1% 75 % 98% 98% 98% 56 B6% 94 9¢ 11 11 60% 51 59% 59% 59% 59% 62 62% 16% 16% 6% 6% 61 61 870 37% 7% 100% 15% 113% 904 31 22 45% 464 29% 47 s1% 34% 51% 12 914 96 20% 23% s 80 2% . 14% 2% 15% 48% 34 20% 8 33% 109 130 605% 35% 9448 24 5 144 115% 1% Lorrillard (3). Louis & N'sh (6) McCroryB($1.60) . Mcintyre (75c). Mackay Cos (7). Mack Trucks (6). Mugma Copper. . Mallinson & Co. Man El Sup (4).. Man El modgtd 4 Maracalbo Oll. .. Mkt St Ry prpf. Muriand Oil. ... Martin Parry (3) Maxwell Mot A. . Maxwell Mot B. May Dpt St (5). Metro Ed pf (7). Mex Seaboard(2). Miami Cop (2). Middle StOil. ... Midl'd Prod pf(8) Minn & St Louls. . M StP&SSM (4) . Mis Kan & Tex. Mis K & Tex pf- Missouri Pacific. Missourd Pac pf. Montgom Ward. M0n Mot (3).. Mother Lode 75c. Munsingw'r (3).. Nask Mot (181%). Nash & Chat (7). Nat Biscult (3). Nat Datry (3). NDSletpt (7). at En & St. Nat Lead (8). Nat Lead pf (7). Nat Ry.M 2d pt. . Nat Supply (3).. Nev Cons Cop. ... NewO,T&M t23% NYAIrBr(4)... N Y Canners (2). N Y Central (7 N YC&StL (6). Ny C&StLpt (6). NY Dock....... N Y Dock pt (5) . NY NH & Hart... N Y Ont & West Niagara F pt (7). Norfolk South. .. Norf & W (18' North Anier (2! North Am pt (3). North Pac (5). . Oh F Sup (2% Okla Pr& Ref Onyx Hos pt (7). Orpheum (1%).. Otis Elev () (4) Otis Steel. . Otis Steel pf. Owens Bot (3). PacG & E (8). Pacific Oil (2). Packard (1.20).. Packard pt (7).. Pan Amer (4).... b5% Pan Amer B (4).. b4k Parish & Bstpd.. 1 Park & Tilford... 29% Penn C&C (4 26 Penn Raflrd (3). 46% Penn Scab Steel.. 2 Peop Gas Ch (7). 100 Pere Marq (4)... 58% Pere Mar pf (5) T13% Phila Co (4) 50% Philas R&T.... 48% Phila & RE&Ictfs.. 48% Phillips Jones. ... 64 Phiilips Pet (2).. 364 1% 32 72 53 97% 100 13% 5% 50% 48 8% 27% 55% 108% 127% 54% 24% 118 974 104% 104% 15% 15% 118% 113% 9% 9% 3% 32% 22 22 450 45% d6% 4T% 30 47 8214 344 82 20% 66% % 51 44% 1% AT 11% 99% 100 58% 1% 50% 51% 50% 64 364 11% 32 12 58 97% 100 18% 54% 51% 46 8% 28 55% 108% 128 54% 24% 118 P-Ar prpf (8) Pitts Coal (4) Pitts Coal pf Pitts Stl pf (7). Pitts Ut pf $1.20 Pitts & \vese Vi Postum Cer (4).. Press StiC (4). Press S C pf (7) Prod & Refiners. PubSer NJ (4). Pub SNJ pt (8). Puliman Co (3).. Punta Al 8u (5). Pure Oll (1%)... Ry St Sgpf (7). 13 61 23% 36 36 39 98 12% 43 1% 5 4 % 30% 243 51% 43% 69 2% 63% 126% 1% 32% 104% s 2% % 17 4% 26% 14 1% 19 65% 87 95% 66% 6% 364 Ray Cons Cop. Reacing (4)..... Reading ris. Read 1et pf (3V. Read 2d pf (2) Remington Type. Remington 2d(8). Replogle Steel... Rep Ir & Steel Reynolds Sp (1). Rey Tob B (3)... Roy D'tch (3.46) Royal Trutch rts 1 St Josepn Ld (3). 29% . 2% StL-San Frpf... 51% StL Southwest.. 43% StLS'thpt (§).. 67% Santa Cecllia. 2% Savage Arms. 62% Schulte (8) . 126% Seaboard AlrL.. 16% Seab'd Ar Lpf.. 30% Sears-Roeb’k (6). 104 Sears Roe pf (7). 118 Seneca Copper. 2% Shattuck-Aris.... 7% Shell Un 01l (.. 17 Shell Unpf (6).. 94 Simmons Co (1). 26% Simma Pet. . Sinclair Ofl....... 17% Skelly Ol1. . I Sioss-Sheft (6)... 65 Sloss-Sh pt (7).. 87 South Pac (§) 95% Southern Ry (8). 65% South Ry bf (5).. 76% 3dGas & E1 (3). 36% St Ol Cal (3). 57% 684 StOINJ (). 35% StOl N Jpf (7).. 118% 118% Std Plate GI(16c) 38 38 Stewart-War (5) 54 Srudebuker (4). En Submarine Boat. 9% Superior Ofl. . % 9% 40% 3% 82% 10 13% 35% 64y 934 464 12% 60% 22% 86 36 39 98 12% 4% 17 4% 41% 4% 6% 36 67% 36% 118% 31% 53% 37% 9% < 8% 40 72 82K 10 12% 35 63% 2% 5% 45% 38% 50 141% 116 28 52% 81% 18% 48% 98 3% 934 26 26 82 53% 7% 9% T 8% 40% 2% 824 18 13% 35 3% 92% 5% 45% 38% 50 141% 116 23 52% 814 18% 49% 98% 73% 32% 10 13% 35% 64% 3% 5% 46%. 38% 50 142% 143 115 116 28 23 53 53% 81% 81% 19 19 50% 61% 100% 101 93% 93% 26% 27 107% 107% 107% 107% 22 224 22 22% 78 78 0% 71% 96 96% 96 984 31% 31% 31% 381% Tex Guif (16%). Texas & Pacific. . Tex & PacC&O. Third Avenue. Timken (13%). Tob Prod (§). ... Tob Prod A (1)... Transcont Ol. Twin City (4).... Underwood (3) Un Bag Pa (6)... Dn Pacific (10).. Un Tank Car (5). Utd Alloy Steel. Utd Cigar Stores. United Drug (6). Three Liberty Loans Reach New High Marks, But Later React Sharply. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, July 30.—Trading in the bond market today quieted down somewhat. Liberties opened higher and then reacted. Treasury 4%s made another new high before the development of profit taking. Opinion was sharply divided as to whether Government bonds were now at the peak. Kverything depends upon how' much more buying is to come from the banks, which with financial insti- tutions are practically the only custo- mers for Liberties at this level. The yield is no longer attractive to the individual investor. As far as the general market goes the high point was reached on Satur- day and while there has been no weakness there has been no f{nclina- tion to push the average price up turther. The only exception is in the foreign list, where other factors than money ratés are predominant. Here the average stands at the high of the year and with any settlement of the difficulties in London would undoubt- dly go higher. Rails Loxe Buoyancy. Speculative rails lost a good deal of their buoyancy. This was partic larly noticeable with the St. Paul issues. The 4s of 1925 got down be- low 80 for the first time in a long while. As far as known no move has yet been made toward refunding the $48,000,000 of bonds which mature on June 1 next. Missouri Pacific general s were still heavy, notwithstanding the exceptionally ~good statement Tuesday. In the New Haven list, New York Westchester and Boston 48 dropped back nearly a point Inter- national Great Northern adjustments were still firm above 55. Among the industrials there was gome reaction in the convertible sugar bonds in sympathy with their respec- tive stocks. Copper bonds, on - the other hand, were firm Foreign ~bonds were steady. Price Moves Conflicting. By the Associated Press. NEW YORK, July. price movements aKa bond trading in today ings. Three United ment issues, including 41,s, attained new high later reacted sharply on realizing sales. The earnings report of the Interborough Rapid Transit Company showing deficit for the month of June and for last yvear caused some selling of the company's bonds. St Paul. Wilson and American Writing Paper liens moved 1 to 21 points lower. The improved outlook for consum- mation of the Missouri Pacific’s mer- ger plans, hewever, was reflected in higher prices for the road's issues. A $1,500,000 issue of City of Carlsbal & per cent bonds sold privately on the Stock Exchange, selling around Y5. .- SHORT-TERM SECURITIES. (Quotations furn:shed by Kedmond & Co.) —Noon.— Bid. . Offer. 11 1074 100 ni 1068 % 10230 1015 o012 10075 1 o 10015 101% generally 30.—Conflicting n marked the early deal- Govern- the Treasury levels, but g et e Angle- Associated Oil 6a 193 Rell Tel. of Canada adian Northern 5%y 1924 sentral Leather 5s 192 5 Ch Ml & S1. Panl 6e 163400 & Colum. . Du Pont T34 1931. Federal Sugar Ref. Fisher Body Corp. s 19: Fisher Body Corp. 6 1 Goodyear T. & It. 8s 1981 (ireat Northern 7s 1536, Gulf 0il Corp. of P: Orfgon Short Li Penns. R. R 7x_1930. 5148 1025, Swift & Co. 5s 188 Tidewater Oil 614 1931, r s 1930 1 FOREIGN EXCHANGE, (Quotations fornished by W. B. Hibbs & Co.) Nominal Seiling checks goid value. today. Zurich, franc. Athens, drachma . Madrid, peseta Vienna, crown Copenhages, Christiania, Stockholm, crown crown. By the Associated Press. NEW YORK, July 30.—Foreign ex- changes easy; quotations in United States dollars: Great Britain, demand, 4393 ; cables, 4.39%; 60-day bills on banks, 4.36%. France © demand, [04981; cables, .0499. Italy, demand. 0432%; © [0432%. Belgium, de- mand, 045 , 454%. Germany, demand (per trillion), .23%; Holland, domand, .3816; Norw: demand, 1357; Sweden, demand, .2661; Den- mark, demand, .1612; Switzerland, de- mand, .1852; Spain, demand, .i333; Greece, demand, .0i75; Poland, de- mand, .0019%; ~Czechoslovalkia, de- mand, .0296; ~Jugoslavia, demand, 0119%: Austria, demand, .000014%; Rumania, demand, .0044;’ Argentina, demand, .3312; Brazil, demand, .1005; Toklo, demand, .41%; Montreal, .99%. I, 82% 30% 45% 1043 122% 14 54% 9% 24% 2 5% 63% 6% 16% 43% 14% 15% 88y 94 11% 20 21% 70% 4% 11% 22 24 56% 1% 9% 28 8% 6934 118% 26% 8% 66 12% 40 USR1stpf {8).. B82% 82% U S Smelting.. 81 381 USSm'tDf (3%) 4% 456% U S Steel (16) 104% 106% U SSteel pf (7). 122% 122% Universal Pipe... 14 14% Utiversal P pt(7). 64% 664 Utah Copper (4).. 81% 81% 24% Vanadrum Corp. . 25% 2% 2% va-CaroChpf... b% 5% VaRy& Fower.. 6i% 6i% Vivadou.eeesess 6% 6% 15% 154 4% wan 5 15 16% 15% 89 914 94 94 12 12% 20% 20% 22% 22% 70% . 70% 64k 64% 12% 23% 24 56% 1% 9% 28% 9% 2% 15 116 26% 82% 30% 45% 105% 122% 4% b5 9% 24% 2 5% 64% 6% 15% “y 14% 15% 89% 94 ‘Wald Sys (1%).. Web & Helld (1). West Pen (4).... West Penn pf (7). West Maryland Western West Facpt (€). West E&M (). Wheel & L Erle ‘Wheel & L Er pt. Wh Eag Oil (2).. White Mot (4). Wickwire Sp 8tl.. Wilson & Co..... Wil&Copt.....0 Willys-Overland. Willys-Over . Woolworth n (3). Worthingn Pump. W PDLA (7). W'th Ppt B (6 ‘Wright Aero (1). Wng WJir (3)... Yellow Cab (5)... 53w 53%. 53 Youngst S&T (5). 6T% 67% 67% {Partly extra. $Payable in preferred Fates s gives In” the- above ‘table xR e Unless _otherwise noted, @ividends are not Included, 26% % 67 12% a 12% 40% 53 7% stock. Austria 7 Belgium Belgium Belgium 8s Berne 8, Bolivia Bordeaux 6 Brasil 7 Brasil 8 Canada 55 1926. Canada 6a 1931, Canada 6s 1952. . Canada 6% s 1929 Chile 7s 1943. Chile 8s 1941 Chile 85 1946. ... Chinese Gov Ry 5 Copenhagen 5%s Cuba 53a. . Czechoslovakia 3 Danish Munic 8s A Danish Munic Denmark 6s Denmark fe_ . Dutch E16%s! DEIS%sct Dutch East 1 6s'47. Dutch East I 6 El Salvador 85 '48. Finland s f 6x 1945. Framerican 7% 56 24 25 29 1 46 8 55 7 2 17 88 27 13 24 28 9 40 16 15 15 4 2 French Govt T%s. .152 French Govt 8s Haiti6s.......... Holland-Amer 6s Hungary 6%s Japanese 45 Japanese 1st 4%s. Japanese 6%s Jergens U M 647, Lyon és. Marseille 6a. ... Mexico 4s assented Mexico 5s assented Montevideo 7s. . Netherlands 68 '54. Netherlands 68 72. Norway 65 1943 Norway 6s 1952. . . Orient Dev deb 6s. Paris-Ly's-Med 6 Porto Algere 8s Prague 7%= Queensland Queensland 78 Rio de Jan 83 1946. Rio de Jan 88 1947. Rio Gr Do Sul 8s.. Sao Paulo Citv 8s. Sao Paulo State 88. Seine Dept of Serhs Crotes Slo 8s Solasons 6s Sweden 6 Swins 5158 1946 Swiss Confed §3. Toki) Sa. Ud Kingm U'd Kingm §%s 114 Steam Copen 63 Urugmay 8 Zurich 88 91 2 9% 100% 108% 106% 110% 93% 86 85% 96% 101% 101% 102% 103% 98% 108 106% 46% 94% 97 98% 109% 10%% 9T% 98 99% 90% #5% 85 104 96% 114% 624 109% 104% 90% 1047 110% 3% 100% 107% 106% 110% 2% 85% 85 93 101% 101% 102% 103% 97% 107 106% 46% 4% 96% 98% 109% 108% 98%. 110 89% 89% 95% 95 101% 81 93% 99% 102% 90% 1% 8T% 9% 97% 91w 79% 85% 85% 16% 28 8:% 26% 85 96 9 MISCELLANEOUS. Am Agy Chem 7%=~117 Am Chainsf6s'33. Am Repub deb 6s.. Am SmIt&R 1st b Am Sug ref 63 AmT& Tcltrés AmT& Teltrbs.. AmT & T deb 5%s Am Water Wks bs. Am Writ Paper 6i Anaconda 1st 6s. .. ‘Anaconda cv db 7s. Armour & Co 4% Armour of Del § Associated Oil 63 Atlantic Refin 5s Bell Tel Pa s Beth Steel pm Beth Steel rf 5. Beth Steel 5%s '53. Beth Steels { 6 Brier HSt 1st 5%s Bklyn Edison 7s D Bush T Bldg 65 '60. ~alif Pete 6% Central Leather bs Chile Copper 65 Col Gas & El 55 Col Gas & Fil 6s sta Commonwth P 6s.. Con Coal Md 1st 53 Consumers Pow 5s Cuba Cane cv 75 ‘30 Cuba Canecvd Cuban-Am Sug 8s. Denver Gas 5s. . Det Edison ref 6s.. Du Pont de N 7% Duquesne Light 6s. Est Cuba Sug 7%s. Empire G&F T%8.. Fisk Rubber Gen Elec deb Goodrich 6%s8. Goodyear 8s 1331 Goodyear 8s 1941 Hershey 63 1942. Humble O&R 5% Illinols Beil 1st & INinois Steel 4%s Int Mer Marine 68. Inter Paper 55 °47.. K CP &Lt 63 A'52. Kan 6 & EI 68°62.. Kayser (3) 78 Keily-Spring Lackawa 8 bs 50 Liggett & Myrs bt Lorillard (P) 5 Magma Cop cv 7 Masat Sug st T%s Marland Oil 7%s Marland O T%s W.. Marland Oil 8s w Midvale Steel 5s. .. Montsna Power 53 Morris&Co 1st 4% New Eng Tel N Y Edsn 15t 6%: NYG EL H&P & NY Tel 4%3. .-« N ¥ Te) 6841 N Y Tol 68’43 Norta Am Ed North ar: %d 6%s. Nor Ohlo T&L 6 Nor States Pow bs. B Tel pac Tel & Tel § Pacific T & T 68 Pan-Am Pete 7 Phila Co 6%8'38 Phila Co ref 6s A Phil & Rd8 Ck:.sh Plerce-Arrow Producers & Rf 8s. Producers&R 88 w. public Service 53. . Sin Crude Sin Crude Oil Sin Pipe Line b South Bell Tel bs. . So Por Rico Sug 78 Southwest Bell 6! Steel & Tube 78. Tenn Elec Pow 6 1de Wat Oil 8% lTln\:m Bag & P 6s.. 11% | Upit Drug cv 8s. 20 |uSRublstrtés 21% | U S Rubber 13 70% | U S Smelter és 64% | U S Steel s £ 5 Willys-Ov 6%8 Wilsorl & Co 1at és. 26% | Wilson & Co ov i 78% | Wilson&C ow 7% 66 | Youngstn 8& T 13 @ @ e e e AerraBcrrn B0 xvabowe o o aunmcasSSave va 93 9% 92v% 95 101% 9% 102% 102% 91% 53 974 100 87 92 101% 98%4 100% #9 914% 94% 924 94l 101% 9T% 102 102 9l 50 974 99% 6% —_— NEW YORK, July 30 (Special).— Cotton goods markets were somewhaf quieter - today, 3% 100% 107% 106% 110% 92% 85% 85% 96% 101% 101% 102% 103% 98 168 108% 46% 94% 6% 98% 109% 108% 98% 110 90 89% 95% 95 87 though price levels for the mnost part were unchanged. int cloth gquotations cents for 64 by 60 and extra e apecial [ 68 by 72. tinued quiet and featureless. levels were u: ood at 9% % cents for The raw silk marxet con- Price Lib3%s...... Lib 1st 4% Lib 2d 4% Lib 3d 43 Lib 4th 43 US4%s 1962, RAILROADS. Bales. High. Ann Arbor 4s 624 Atchison adj 48 85 Atchison gen 4 90% AtlanticCL 1 91% 99% 87% 89% 86 102% 101% 99% 69 A1y 88% 101% 115% 116% 81% 99 103 99% 88% 95% 89% 101% 621 40% 90 100% 82% 2% 56% 56% 80% % 55 62% 55 60% 100% Buff R&PItt 4%s Canada South 5s Canad Nortu 6% Canad North 7s Canad Pac deb Car Clinch & O Car Clinch & O 6: Cent of Ga 5%s. Central Pacific Ches & O cv 4%s Ches & O gn 4348 Ches & Ohio cv 6: Chi & Alton 3s. Chi & Alton 338 Chi B&Q gn 4s i Chi B&Q 1st rf 6 CB&Q-Ill 33 Chl& E 11l gn 68 Chi Great West 43 CM&StPdbds... ChIM&St Pev 4i4a Chi M&St P rt 4348 Chi M & St P cv bs. NW7s.....0 10 107 ChiRys5s........ T Chi RT& P gn 4s.. 8¢ .42 82% 81 92% 100% 7% 104% 95% 103% 100% 83k 83y 90 102 78 90 44y 90% 1% 641 65 65 76 108 101% 106% 115% 94u 101% 110 7% £6% 904 68% 67% 69% 9% 99% 55% 81% 80 1% 86% PRy 96% 86 106% 62 98% 864 88% 103 83 71 62% 86% 101% 62 834 98% 92% 60% 8% Chi Union Sta 5s Chi & W Ind cn 4 Chi & W Ind 7% CCC&StLSs..... CCC&StLrt6s 4. Colo & Sou 4348 CubaRRSs.... Del & Hd 18t rf 4s. Del & Hudson 5%s Den & Ri>G cn 4s. D & Rio G imp Ss.. D& RG Istrf bs.. Det Unfted 4%s. .. Erie 1s¢ con 43 Erfe gen 4 Erle conv 4 Frie cnnv . Erie conv 4s D. Erfe con ext 7s Erie & Jersey 6s Gr Trunk =f db 6 Grand Trunk 7s. . Great North 5s.... Gr North gen 5%s. Gr North gen 7a... Hud & Man ref 5s. Hud & Man aj Bs.. 111 Central ref 4s.. Int Rap Tran bs... Tnt Rap Tr 5s stpd. Int Rap Tran 6s... 24 Int Rap Tran 7s. .. 188 Int & G Nor 1st 6s. 42 Int & G Nor aj 6s.. 90 Kan City FtS4s.. 15 Kansas City S6s.. 21 16 Kan City Term 4s. Lake Shore 4s°28.. Lake Shore 453 Long Island rf 4 Louls & Nash 538 Manhat Ry en 4s.. Market St Ry 7s Mil E1 Ry & L bs. M StP & SSM ca 43 M StP & SSM 6%43. Mo Pacific gn 4 Mo Pacific bs '65. Mo Pacific 6s : Montrl Tm 1st bs. . Nassau E Ry 4s '67 N Y Cent gen 3%s. N ¥ Cent cn 48 '93. N Y Cent deb 4s. .. N YCentr {6 N Y Centdeb 6s... NYChi&SL5%s NYC&StL6sA.. 2 New Haven 7s NYOnt& Wretds 6 NYRyrfésctfs.. 5 N Y Rysadjbsct.. 28 N Y State Ry 4%s. 57 NY W & Bos4%s. 55 Norfolk & W cn 4s. 13 Norfolk & W cv Northern Pacds. .. Northern Pac 58 D. Northrn Pacr i 6v. Ore & Calif 1st 5i Ore Short L ref 4s. Ore Sht L cn 63 °46. Ore-Wash 1st rt 4 Pennsyl gen 4 Pennsyl gen Pennsyl 6%s. Pennsyl gold 7 Peoria & E Inc 4 Pere Margq 1st 6s.. PCC&StLSsA.. Reading gn 4%s Rio G West cl 43. RIATk & L d%s.. St L 1M&S 4829, St L 1M&S R&G 4s. StL&SF pl4s St L& SF prln 6 StL & SF 6% StL &S Fadj StL & SF inc 6s. StL&SFplésC. StLSWcon4s’33. 7 StP & KCShL 4%s. 1 San A & Arn P 4 8 Seab'd AL 4s. Seab'd A Lad) bs.. Seab'd A L con 6 Sou Pacific 48°29. . Sou Pacific ref 4 Southern Ry gn 4: Southern Ry 1st ba Southern Ry 6a ct. Southern Ry 634 Sou Ry Mobile 4a.. Term Asso St L 4s. Third Ave ret Third Ave ad] bs. . TolStL& W 3%s. Tol StL& W 4 Union Pac 1st & Union Paclstrf ds Union Pacific 48 27 Union Pac st £ s Virginia Ry 1st bs. Va Ry & P 1st bs., Wabash 1st s.... Western Md 4s. Western Pacifl Wheel & L E cn 4s. Whel & LETf 4% Wikes-B&E 1st 5 150 101-14 10112 10112 124 102-16 102-13 10213 542 101-31 101. 209 102-22 102-18 10219 503 10221 102-17 102418 405 105-26 105-18 105-19 -27 101-27 Low. Close. 625% Béx 0% 915 9% 87% 89% 85% 102% 100% 9% 69 80% 88% 101% 115% 115 81% 98% 102% 99% 88% 95% 894 100% 62% 40% #9% 100% 82% 12 55% 55% 19 74 54% 60% 63% 59% 100% 107% 78% 83 81% 9% 92% 100% 7 104 95% 103 100 89% 83% 90 102 78 90 41% 90% % 64 62% 85 90% 1% 95 87% 9% 85% 102% 100% 9% 69 81% 88% 1015 115% 116 81% 99 103 99% 88% 95% 89% 100% 62% 40% 9% 100% 82% 2% 55% 56% 9 74 54% 60% B3% 59% 100% 107% 8% 84 81% 9% 92% 100% 17 104 95% 103% 100% 894 83% 90 102 8 90 44y 904 1% 63% 64 64% T4% 108 101% 106% 115 94 101% 110 87 66% 0% 68% 7 69% o1k 99% B4% 81 89% 71% 85% 98% 96% 86 106% 608 98% £5% 88 103 82% 70% 61% 6% 101% 61% &3 €84 92% €0y 8% &5 9415 99% 108% 95% 103 7 86% 85% 65% 39 4 63% 55% 20% 121% B5% 96% 107% 101% 97% 106% 83% 94% 104% 110% 109% 351 v8 100% 3% T0% 83% 92 B 11 6% 94 “9 72 102% 86 80% 7% 1% 72 57% 66 84 ¥8% 0% T4% 101% 102 206% 83 84% 58% 55% 9% 3% 93% 87% 993 106 96 924 100% 63% 1w 69% 65% 64 TODAY’S METAL PRICES. NEW YORK, July 30.—Copper quiet; electrolytic, spot and nearby, 13%: futures, 13%. tures, 49.25. Tin firm; spot and fu Iron steady; prices un- changed. Lead firm; spot, 7.50. Zinc steady; East St. Louis spot, 6.05; fu- tures, 6.07. Antimony, spot, 9.00. RATES ON BAR SILVER. LONDON, July 3411-16d per ounce. cent. Discount rates 3% 313-16a3% 30.—Bar Money, 3% rt b per“cent; _ three-month bills; silver, er bills, r cent. NEW YOE.K, J-Iy“?o.—lur sllver, 63; Mexican dollars, HARRY V. HAYNES, Who has been appointed chairman of the protective committee of the Dis- trict Bankers' Association. o PER BALE DROP INCOTTON MARKET Prices Break on Reports of Rain in Belt and Better Texas Outlook. By tne Associated Press. NEW YORK, July 30.—Cotton prices broke $5 a bale today from yester- day's close on reports of rain the Texas crop was not injured as much by dry weather as had been in- dicated. October sold as low as $28.05. Cotton futures closed very steady. ow 27.85 27.20 2718 7. October December’ January i . 3 .15; December. 28.06; March, 28.30; May, 28 New Orleans Marlet. NEW ORLEANS, July 30.—The cot- ton market opened quiet and rather steady, first trades showing declines of 1 to'5 points. Liverpool was rather irregular. Prices eased off right after the call on reports of rains in North- west Texas, October trading down to 28.00 and December to 27.83, or 16 to 20 points under the previous close. but promptly rallied to 28.22 for Octo- ber and 28.03 for December, or 2 to 4 points net higher, compared with yes- terday’s close. Cotton futures closed steady at declines of 67 to 80 points. High, e January, Low. Clo 2712 27.00 00 27.35 bid. December. 27.98: May, 25.07. TUMBLE IN CHICAGO TODAY Special Dispatch to The Sta) CHICAGO, July 30.—Hog values dropped from the high mark of Tues- and promised a rapid fall through lack of support of high levels. Re- ceipts were moderate, but yards trad- ers had piled up a huge surplus of nearly 20,000. This supply succeeded in bring prices down Early buvers merely nibbled at of- ferings of hogs and paid 11.00 for first prime light butchers. This top- ped the day. Subsequent sales of butchers were 25250 lower and 10.85 stopped choice weights. Packers bid prices no better than Saturday’s and more than a dollar below early pur- chases. Smooth packing sows were bought at 9.00 and rough around 8.00. Pigs at 8.75 and 9.75 were 50 to 75 lower. CHICAGO Gum_rmcr.s. CHICAGO, July 30.—General selling of wheat and a decided setback in prices resulted early today from rains in the Canadian northwest, together with a sharp break in quotations at Winnipeg and at Liverpool. Dis- patches belittling any danger from black rust in Canada, especially if the weather remains cool, attracted considerable notice. Reports were also current which indicated that the total wheat yield in the United States for 1924 would exceed last vear's to- tal. ~ Opening prices, which ranged from half cent to 23 lower, Septem- ber 131% to 132%, and December 1.34% to 135, were followed by a slight further decline and then some- thing of a rally. Corn and oats showed lack of a fresh buying support. Selling pressure in corn was directed mostly against the new crop deliveries. After opening from half cent to 23 cents lower, De- cember 97 to 98, corn prices contin- ued weak. Oats started one-eighth to 1% off, September 50 to 50%, and later showed but little power to rally. Downturns in hog quotations weak- ened the provision market. WHEAT— Open. High. September . 5 3 December 3 35 May CORY September December May ... OATS— September . December Low. 1.29% 132% 1375 Close. w85 R REE E BERLIN BANK REPORT. BERLIN, July 30.—The statement of the Bank of Germany as of July 23 shows an Increase in gold holding of 8,680,000 to 478,052,000 marks, where- of 38,675,000 is deposited ~abroad. Silver coin reserve increased 2,587, 236,000 marks. = PIERCE ARROW EARNINGS. NEW _YORK, July 30.—The Plerce Arrow Motor Car Company earned net income_of $216,873 in the six months ended June 30, equal, after dividends on the prior preferred stock, to $1.53 a share on the preferred. Further Gasoline Price Reductions Expected Soon Special Dispatch to The Star. NEW YORK, July 30.—The oil trade regards the reduction of one cent a gallon in gasoline today by ‘the Standard Oil Company of In- diana in Its territory as an ad- justment _resulting from last ‘week's cut of 25 cents a barrel in midcontinent crude by Prairie Oil and Gas. Reductions in gasoline rices in other markets in the t and South are expected, it was said, in order to adjust re- fined oil prices to lower crude ofl quotations. in | Southwestern States and a bellef that | day at the outset of activity today | Willi Handle Association’s Protective Work—Rise in Lanston Monotype. BY CHAS. P. SHAEFFER. Harry V. Haynes, president of the P!;‘:rmer! and Mechanics’ National nk of Georgetown and leader of the " Quring Siaict, Bankers' Assoctation duri 24, has been selected Tman of the protective commit- tee of the association for the en- suing year, according to announce- ment made this morning. His pointment is one of the first offieial acts of Victor B. Deyber, new presi- dent of the assoclation. Admittedly the work of this com- mittee is one of the most dithcult functions of the local bankers fra- le‘n\ny, And, likewise, it would ap- gh:’r{"lh{ln! ;‘d‘; Haynes 18 the logical s o eed Charles J. Hell As president of the loc: ton during the ' last . year: i Haynes had ample opportunity to study the minute problems confront. ing the District banking traternity these problems assuming maximum vividness when Mr. Haynes actually put into operation the plan submit- ted by Mr. Bell, which promises sue- cessfully to combat undesirable and unethical banking practices. ‘‘here. (o_re. he thoroughly understand: Iel:lexl‘;)n problem that wants for a so- The functions of the protective com- | mittee are now carried out by the s sistant secretary of the association, and consist mainly of a circulatory card check-up of accounts. Mr. Haynes has tentative plans of developing whatever has already been done, and in some in- stances to “go a little further.” 5 H shor:‘;nu name his aides in this work - I C. C. Fixes Values. e values of property he! h Duluth, Missabe and Nothern ad ho Duluth and Iron Range Railroads were found today by the Intezstate Commerca ommission to be greatly in excess of the book values placed by the corpora- tlons and the stocks and bonds fssucd The Missabe carrier, 26 1 on June 30, 1915, had §14meesor stocks and bonds outstanding, while the recorded money outlay in construction and_equipment was fixed by its books at $35.671,553. The commission, fixi the value tentatively for rate-making purposes. held it worth $45,780,030. Capitalization of the Duluth and Iron Range was placed at $14.651.000 While the corporation estimated it had actually spent $2. 49 in con- The comm ol v value of this line was $28.553 800, © Both raiiroads are utilized by the lsl'fl )_ndu:xn_\' in delivering ore to }f‘:: Superior for water haul to the Upon the 3,803 miles of line of th Minneapolis, St. Paul and Saun Sic Marie line,’ the commission fixed a tentative value of $104,7 607. This company has outstanding stock and bonds to a par value of $125.516.7 The corporation’s own estimate of the worth of its property is $116,953,6 Lanston Gainx Two Pointx, Stock of the Lanston notype Corporation scored a :hmmlmoga?:f[r restricted selling today, 46 shares changing hands at 76 upward to T61g The session’s close found much of it previous strength missing when 4% was bid with 76 asked Gas stock held steady at fraction- ally above 49, with Railway pre- ferred pegged at 75%. Capital Trac- tion was firm at 95, with bonds dull and unchanged. Bankers Plan Vacations. Victor B. Deyber, with Mrs. Deyb. 1 leave for a month’s camping trip in the Adirondacks on Sunday. They will join Miss Deyber at the resort Samuel Thrift, assistant cas the Franklin National Bank‘, ‘a‘z‘el.‘:\flolf panied by Mrs. Thrift, is spending a Jacation of two weeks in Maine, 2 guest of W. H. H. Allen, director of the bank. S Mr. Cochran, president, starts for | Bar Harbor the last of the week Washington St.ock Exchange. Capital Traction 5s—$1.000 at 981 Wardman Park Hotel fs—$1,000 1001 Capital Traction Co.—10 at %5l ashington Gas Light—10 at 9%, 5 at 48%. 5 at 405,710 ac 0%, 10 at 9% 10 a¢ Washington Rwy. & Flec. pfd.—10 at 5%, 10 at 7%, 10 at T5%. 20 at 5% o AFTER CALL. Capital Traction—10 at 95 10 at 95 Lanston Monotrye—10 at 76, & at 76, 10 at T8, 10 at T8k 11 loans, 5 and 6 per cent. and Asked Prices, BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s...... American Tel, & Telga. 4145, . Am. Tel. & Telga. cfl. tr. Am. Tel. & Tel. conv. fs.. Anacostia & Potomac 5s Anacostia & Potomac guar. 5: C. & P. Telephone 5 5 C. & P. Telephone of Capitai Traction R. City & Suburban 3s. Georgetown Gas 1st Metropolitan R. R. 5. Potomac Elec. Ist 5s. Potomac Elec. cons. 5 Potomac Electric deb. s Potomac Electric 6s 1953 Pot. Elec. Pow. £. m. & ref. Alex. & Mt. Ver. Alex. & Mt Ver. hington Gas S ashington Gas s. Wash. Rwy. & Elec. ds. Wash. Rwy. & Elec. fs wi MISCELLANEOUS. D. C. Paper Mfg. .. Riggs Realty 5% (long) Riggs Realty 5s_(short).. Southern Ridg. 6lax sh. Mkt. Cold Storage 3s. ‘Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel. & Tel. rts. American Tel. & Telga. Caital Traction . ashington Gas Norfolk & Wash. Steamboa Wash, Rws. & Flee. com. Wash, Rwy. & Elec. pfd. Terminal Taxi com.. NATIONAL BA! Capital Columbia Commere ratr Parmers ‘& Mechanics Federal-American TRUST COMPANY. SAVINGS BANK. Commerce & Bavings. . Washington. . Secarity favings & Com Seventh Street.. United States. Washington Mechanics.. FIRB INSURANCE. sy Badent affd osil %o MISCELLANEOUS. D. C. Paper pfd. o A Merchants' Transfer & Storage. 110 Mergenthaler Linotype. L 108 Natl. Mtge. & Inves! 8% 0Old Dutch Market com. 1 0ld Dutch Market pfd.. 34 Lanston Monotype T4iy T4 Lanston Monotype. 358 a »