Evening Star Newspaper, August 10, 1924, Page 24

fore ooy S 3 (BEN L L BE o I+l 141+ @ = ) FIFTRFFEFRFEEEE LA M R | i Ed 2 ~ FINANCIAL. fl - S (s v . S. BONDS. High. Low. last. Yield. .I-URN IN G[]l.n IlUE 5-5 10128 9822 Liberty 3343 1932-47..... 101-18 10001 Sk §g§ - Liberty st 4%s 1932-47. 102 = 3 o High. Low. Oloss: Chge. | High Tow. ‘High Low. Bes. High. Low. Close, O 10505 L"’"J 3 e o ig;’)n wni? §=§ IS EA.”.Y NEEB i S et e ) = ' e tivalis 3 2 Liverty 3d 43s 1928 10223 10257 103007 5 g7 2 —_ i ~ # 0 106 s ~—— ‘Ajax Rubber. — 105-26 Treasury 4%s 1947-52.. 106-2 105-1 4 Allied Chemical & Dye . £ Lima FOREIGN. 2 i Saturday Market Shows 7 Allied Chemical & Dye pf 214 14 Zioew's, Incorporated : 1034 100% Argentine 7s 1927 1o L Advance in Sterling May i Austria s f 7s, 1943, Y —— Am Agriculture Chemical 34% 3 Lorillard, P. 3 100% 96; ) 100% 100% J —— Am Agriculture Chemical pf 84% 87% 6 Louisville & Nashville. 110% S BaEIaD e aeis 10w 1104 | Help Reduce Enormous Sup- Shares Are Very Active. 25 g American Beet Sugar. . . ¥ MackayCos. . : . 91 71% Bordeaux 6s 1934 y American Bosch Magneto. 6 Mack Trucks. 9% % 91 Brazil 8s 1941. "7 American Can —— Mallinson & Co. 23 100% Canada 5is 1929 STEEL COMMON HITS 108 " 8 American Car & 4 Manhattan Elec Supply. % 102% Chile 8s 1926...... GERMAN LOAN NEARER SRR : s Am Chain Class A 4 Manhattan Elevated gtd 102 Chile 8s 1941. A ——— American Chicle. 8 Manhattan Shirt. 5 102 Chile 8s 1946. y = —— Maracaibo OIl. . ) 5 kil ’ K s Am & Foreign Power 36% = 7 o CLnessasvE Ry /EEIN01. Revival of Speculation in Berlin pected in Street—Several New 6L e R e 4 Yartin-parry. ... 23% Czechoslovakia 8s 1951. i American Ice —— Maxwell Motor, Clais A. High Records. ¢ : Aiménlces v s atiosal o B Do s 9 Wall Street. L LR American Linseed . May Department Stores. 92% Dutch East Indles 6s 1962. 5 — - By the Associated Press. : e 4 ‘Am Locomotive (new) . Mexican Seaboard . 89% French Govt 7%s 1941. BY GEORGE T HUGHES. NEW ) &\l(\m\‘ August 9 —‘»\l\;r‘k{ ‘ American Metal Mexican Seaboard cf 9214 Fronch Gove 85 1945, Special Dispatch to The pri isplayed e better tone in to- American Radiator Miami Copper. . 78% Holland-American s f 55 194 NEW YORK, August 9.—In a week Ebie i 3 Am Ship & Comuserce. . . MoKana Te Some irregularity was noted at the comu xas new. 8814 Japanese 6%s, 1954 ; : 9 American Smelting & Ref = MG Ran A et ¢ from an investment standpoint there e e al e Ccalis kacs pice as pl new. 73% Jergens Utd Margarine 6s 1947. \ing, when realizing sales again | ‘Am Smelt & Refining pf. 102541102% —— Missour: Pacific 2% Toae et . was nothing more significant than the steady accumulation of rails men- | American Sugar Refining. 421 43% 4 Montana Power. . 893 N % >y tioned in connection with the pro- 2 D SRR i CO LG - —— Montgomery Ward. 1093 Norway 8a 1940, -+ ; Sl el bl s | Am Sumatra Tobacco " 4 YN 65 b T na marily, this upturn represented spec ulative buying based on the favorabl 4 Alr Reduction 102-21 Liberty 4th 4%s 1933-38. 103 386 S 3 — 1923 e . 4% 58% 3 3 % 100 figh tow Prev. weck® migh. Low. Last. 3 i - 4 Allis-Chalmers Mfg. . 66% 36% 50 —— Loose-Wiles Blscuit. b Steadier Tone—Railroad ‘American Bank Note 160 McCrory Stores. ... 109 97 Belgium 8s 1941. : ply of Metal Now in U. S. American Can —— Magma Copper. - 99% Canada 5s 1952 Amcrican Express. Tonnage Report Better Than Ex- —— Marland Oil & Refining. 871 Copenhagen 5%s 1944 084 Dennistl 65 1843° , . Marks Proves Puzzle to —— Maxwell Motor, Class B. American Linsced pf. . Metropolitan Edison pi 2 84 Framerican Ind Dev 7%s 1 day’s brief session of the market. |19 ‘American Rolling Mill pt. —— Minneapolis & St L new. 764 Japanese 45 1931..... = 9% 215 [replete with interesting incldents appeared in large volume, but the | A 4 American Steel Foundry. 85% 86% ~—— Missouri Pacifis pf. . 7214 Marseilles 6s 1934. advance in sterling exchange to jented iconsciidationsstoadied ithoyitity . ‘Am Telephone & Teleg. 124% 125% 75¢ Mother Lode Coalition. 99Y% Queensland 6s 1947 © & sand eventually led to considerable i 3 American Tobacco 5 1471 14T% ' y . o 3 Munsingwear Ishort covering in industrial shares. | 35% American Tobacco B % 14433145 410 Nash Motors. Delaware and Hudson, which has! Am Water Works & Elec. .. 2 107 lg;’l 2 £ 7 Nashville. Chat been mentioned as part of a proposed | ANWA oL V& mlparut === Natlousl Acmia, fifth great trunk line system east of | e 2. Natonalnise ; f ‘ — Na oak & Suit. {Chicago, v pushed up nearly 5| American Zinc L & S pf 3 Nat ;?:l‘ry l:riducm Joints to 129, a new 1924 high, while 2 ‘Anaconda Copper. . —— Nat Department Stores sichawanna, which, Wall street ru-| 99 . L ‘Armour & Co 7% pf . . —— Nat Enamel & Stamping nors state, 'Is to be taken into the Arnold Constabie & Co. 7 Nat Enam & Stamp pf... . iproposed “Nickel Plate” system, also Asso Dry Goods 8 National Lead 3 {established a new maximum price at | 8 3 4 Associated Dry 3 National Suppl; 1110, Canadian Pacific and Texas and Associated Dry Goods 2nd. = Nevida ConComper 104% Queensland 7s 1941. . 3 h *loutcome of the allied comference i 87% Rio de Janeiro s s London. The importance to our ow sao Paulo, State of, 8s . sitia vever, goes 79 Seine, Dept of, 7 2 financial position, however, goes % S Y 3 some time now there has beer 1193 L o la steady withdrawal of funds fron 116 11% Swiss Confed s f 85°1940. the New York market seeking more 106% % 106% United Kingdom 5%s 1929. : el Ji < 3 4 5 | profitable employment abroad and it 29% Uniltedkhedom Ge 1937 e is this phase of the mat e INDUSTRIAL AND MISCELLANEOUS. , | mands the closest atte 82 Amer Agri Chemical T%s 1941. 92'4 well known, our banking 92 Amer Smelt & Ref 1st 53 1947.. 9473 the strongest position in its history, 96% Amer Sugar Refining 6s 1937. 101% holding as it does more than half the L L SBEEE SR B VRN R I+l +1++1+10004+010101 + | 23 iPacific also bettered their previous itop prices. Nickel Plate and Wabash jpreferred “A” each climbed more than la point National Lead Very Strong. National Lead was the outstanding | lindividual strong spot in the indus- trial group, \bing more than 6 points to a wd top of 161 after laving sold a low as 1z last April. Other issues to break through their previous high prices were Foun- dation Company, Pullman, Montgom- 1, General Baking and Ken- necott Copper. United States Steel common again 108, but slipped back later 3% on the day American 3.4 higher, but the other pivotal shares were prac- ¥ ufchanged. ed a firm tore, Pan- I3 closing a point higher eral others improving frac- ly. Omission of the common dividend on Atlantic Refining wa announced until after the ended, that stock closing t N5 af having sold as €ypy nefited by hi Khvr sil- ver price o de Pasco being one | of the S ive. ‘ Steel Report Favorable. | A reduction of 75.433 tons in the uniilled prders of Uie United St N Corporation was sumewhat hailer than exbocted, as most cons | Servative estimates had looked for a decline of 100,000 tons. With reports 0l improvement coming from prac- tically all centers of the steel indus- the next monthly statement is d by the trade to show an in- e in unfilled orders. c weekly clearing house state- ment showed mixed changes. lLoans, discounts and investments dropped 2,707,000; reserve of member banks eral Reserve Bank $3,68 000 .uvd net demand deposits $41,48° 000 Cash in own vaults increased $1,102,000 and time deposits . Aggregate reserve totaled $6 000, leaving excess reserve of § 566,500, a decrease of $4,294,080. Foreign exchanges fluulualed irreg- ularly within narrow limits, mand | sterling hovered around $§ and | franes were fairly active Wall Street Briefs. Combined earning power of the five ads included in the Van Swerin- | Nickle Plate” merger is more than suflicient to cover the 6 per cent common and preferred dividends con for common dividends equal to about $11 a share on the total amount E involved in the consolidation. An estimate of this year's earning ca- Pacity, based on operations in the first six months, indicates that the Teturn for 1924 will be fully as large. The principal improvement in busi- place in the West, according to mer- lace in the west, according to mer- antile agencies. Free marketing of wheat, especially in the Southwest, has released money and stimulated country buying in wholesale and job- ‘bers' trade. Other evidences of provement ‘which are not_restricted 10 the region beyond the M include increased bank ®ains in mail order and chain store o ing index number of commodity prices. 0il Supplies Mounting. “ With current production of crude oil in the United States, approximating two million barrels daily, experts to- day were inclined to hark back to a Yew months ago, when the daily out- put averaged about 1,850,000 barrels. Talk of a possible shortage in sup- /plies was heard at that time. Today potential production about to be re- Jeased may add some 100,000 barrels 10 the daily yield, with still further increasing in the offing. A much different sentiment now prevails toward advancing commis- ®ion rates of stock exchange members than when broached several months azo. Then the market was extreme 42l and it was believed that new lcreases in cost of speculation might tend further to restrict trading. With i more general public now, leading fhouses anticipate little or no contrac- tion of speculation from this cause. The National Tea Company repotts ales for the six months of ,049,887, against $13,784,05; orresponding period last yea for June ‘were $2.885,681, asainst $2,859,564 for June 1923. COTTON MAKES UP PART " OF FRIDAY’S DECLINE |By the Associated Press. { NEW YORK, August 9.—Moderate irallies in the cotton market today !partially offset yesterday's severe de- cline. Except for covering, very lit- tle demand was reported, however, land after selling up to 27.56 ©October contracts eased off to 27.13, closing at Associated Oil (new) Atchison, Topeka & S Fe. Atchison Topeka & S Fe pf . 135 Atlantic Coast Line. : Atlantic Gulf & West Ind Atlantic Gulf & W 1 pf. Atlantic Refining. . Austin Nicho's. Austin Nichols pf Baldwin Locomotive. Baitimore & Ohio. Baltimore & Ohio —— Barnsdall, Class A. Bayuk Bros. 2 40 Beechnut Pac —— Bethlehem Steel 8 Bethlehem Steel pf new —— Brooklyn-Man Transit 'Nb: o Sy sll | Raasme 5 . N | I S oo o e [ ][ G i = e? [z em =] o el 3 o Brooklyn-Man Transit pf. Brooklyn Unior Gas. Burns Brothers - Butte Copper & % Butte & Superior. Butterick Company California Packing. . California Petroleum (new) Callahan Zinc & Lead Calumet & Arizona. Calumet & Hecla. Canadian Pacific Central Leather Co. . Central Leather Co pf Central Railroad of N J Cerro de Pasco Copper. Chandier Motor. .. .. Chesapeake & Ol Chicago & Alton Chicago & Alton pf Chicago & East Illine . Chi & Eastern Illinois pf. Chicago & Great Western. ... Chicago & Great Weste.n pf. Chi, Milwaukee & St Paul hi, Milwaukee & St P of. Chicago & Northwestern. Chicago, R 1 & Pacific. .. Chi, R I & Pacific 6%. Chicago R T & Pacific 7%.. Chicago Yellow Cab Chile Copper. Chino Copper. Cluett-Peabod: Coca-Cola. . Colorado Fuel & Iron. Colorado Southern. Columbia Gas (new Columbia Carbon. Commercial Solven Commercial Solvents. B Congoleum Company . Consolidated Cigar. Consolidated Cigar pf Consolidated Gas new Consolidated Textile Continental Can. . Corn Products Refining Cosden Company. Crucible Steel. . Cuban-Américan Sugar Cuba Can Sugar. . Cuba Cane Sugar pf Cuban-Dominican Sugar. Cuyamel Fruit Daniel Boone Mills Davison Chemical Delaware & Hudson Delaware, Lacka & West. Detroit Edison. Duibont de Nesmours. Eastman Kodak. . Eaton Axle & Spring. ... . Electric Storage Battery. Enierson-Brantingham Emerson-Brantingham Endicott-Johson Trie Railroad. Erie Railroad 1st pf. Exchange Buffet. .. Fairbanks, Morse & Co. Famous Players-Lasky . Famous Play-Laskey pf. Federal Light & Traction. 80 Federal Mining & Smelt pf 48% Fidelity-Phoenix Fire Ins. 1. Fifth Avenue Bus. Fisher Body . Fisk Rubber. Fleishmann Foundation Comm.ny Freeport-Texas. . . . General American Tank.... General Asphalt. . General Asphalt pf. General Baking. General Cigar. General Electric. General Motors. General Motors 6% deb.. General Motors 7% deb. General Petroleum. Gimbeil Brothers. Glidden Company . Gold Dust. . ... AR N S gEE LR AN AR AREGE L R T AR SRR RN L AR A P AR RSN L TR S N N rors @ - (MR LA Ut b FIvErEre L2 L A 1 | 123%New Orleans, Tex & Mex 4 New York Al Brake. 2 New York Canners 7 New York Central. 6 New York, Chi & St Loulis. 6 New York, Chi & St L pf.. — New York Dock 5 New York Dock pf. New York, N H & H: —— N Y, Ontario & Western —— Norfolk Southern. . 18 Northfolk & Western 2 North American. 8 North American pf. 5 Northern Pacific. 215 Ohio Fuel Supply 1% Orpheum Circuit . 4 Otis Clevatag (new). —— Otis Steel. 3 Owens Bottle. 8 FacificGuss Electric 120 Packard Motor Car 4 Pan-American Pet Trans 4 Pan-Am P Trans Class B. —— Park & Tilford 3 Pennsylvania Railroad 7 People’s Gas, Chicago. —— Peoria & Eastern..... 4 Pere Marquette. 5 Pere Marquette pf. 5 Pere Marquette pr pi 4 Philadelphin Lompln 3 —— Phila & Reading C & I 2 Phillips Petroleum. » — Plerce-Arrow. —— Pierce-Arrow pf. 8, Pierce-Arrow prior pf. —— Plerce Oil pf. .. Pittsburgh Coal Pittsburgh Steel pf.. . ’ittsburgh’& W Virginia. Postum Cerea! Pressed Steel —— Pressed Steel Car pf. —— Producers & Refiners. 4 Public Service new . 8 Fublic Service 8% pf. : Puliman Co 8 Railway Steel e Ray Consolidated Copver 2 2 —— Remington Typewriter. —— Replogle Steel Reynolds Spring. . Reynolds Tobacco, B. . 3 CG Foyal Dutch ctfs (N Y) 2 StJoseph L. —— St Louis-San Francisco St Louis-San Fran pf St Louis Southwestern b&l,ouls Southwestern p! vage Arms. Shell Union Oil. Simmons Company. Simms Petroleum Sinclair Con Oil Skelly Oil. Sioss-Sheffield St & Tron. South Porto Rico Sugar. Southern Pacific. Southern Railway Southern Raflway pf. Spicer Manufacturing. Spicer Mfg pf. Stanaard Gas & Electric. Standard Ol of California. . Standard Oilof NJ..... Standard Oil of N J pf. Standard Plate Glass. Sterling Products. . Stewart Warner Speed. ... - Stromberg Carburetor. Studebaker. . . Submarine Boat Superior Oil Tennessee Copper Texas Company. . Texas Guif Sulphur. Texas & Pacific. . Texas & Pacific Coal. Third Avenue. Tide Water Oil. Timken Roller Bear. Tobacco Products. . Tobacco Products Class A. Transcontinental Oil. Transue & Williams. ‘Underwood Typewriter. Union Bag & Paper. Union Pacific....... Union Tank Car United Alloy Stee! United Cigar Stores United Drug United Fruit 1S 10 1 e 2 e e 28F o RE N RE B EEEE T RIS SRR TR TR S SRR S FEEF o 5 TR T 1 5 T, (1 18 T Fekew - —ty 0o te REPEFE FE FREFEEFE e RPEFFEFRSSE PEEEREL Bl S 4 bR LVl L Ee i r e bt 92% 974 944 9% 83% 967 Amer Tel & Tel cl tr 4s 1929.. Amer Tel & Tel cl tr 55 194 Anaconda Copper 6s, 1953 Anaconda Copper cv deb Ts, Armour & Co 4%s 1939........ Atlantic Refining deb 5s 1937. Bell Tel (Pa) ref 5s 1948. 100 Bethlehem Steel p m 5s 1936.. 87% Bethlehem Steel s f 65 1943. 96 Brooklyn Edison 7s D _1940.... 109% Central Leather 5s 1925. Chile Copper s 1932... Cons Coal (Md) 1st ref 5s 19 Cuba Cane Sug cv deb 8s 1930 Detroit Edison ref Gs 1940 Du Pont de Nem Ti%s 193 Empire Fuel & Gas Tl:s 19 General Electric deb 5s 1952 Goodrich (B F) 6%s 1947 4 Goodyear Tire 8s 1931. Goodyear Tire $s 1941. Humble Oil & Ref 5%s 1922, Indiana Steel Gs 1952. Inter Mer Marine 6s 1941. Inter Paper 5s B 1947 Kelly-Springfield 8s 1931. Lackawanna Steel 5s 1950. Liggett & Myers 5s 1951. Manati Sugar s f 7ls 1942 Midvale Steel Gs 1936.. New England Tel 5s 19 New York Edison 1st 6 New York Tel 6s 1941 North American Edison Pacific Gas & Elec 5s 1942 Pacific Tel & Tel 5s 1952. Philadelphia Co ref 63 1944. Public Service §s 19;9. Sinclair Oil 73 1937. Sinclair Crude Ol 5%8 9 , South Porto Rico Sugar s 1941 United Drug cv 8s 1941 U S Rubber Ist & re U S Rubber 7i:s 1930. S Steel s f 55 1963.. Utah Power & Light bs 1944 Va-Carolina Chem s f 7s 194 Va-Carolina Chem 713s '37 war. % Western Union Tel 6%s 1936 Wilson & Co 1st 65 1941. Wilson & Co cv Tis 1931. RAILROAD. Atchison gen 4s 1995.... Atlantic Coast Line 1st 4 1952. Balto & Ohio pr In 3%s 1925.. Balto & Ohio gold 4s 1943..... Balto & Ohio cv 4%s 1933..... Balto & Ohio ref 5s 1995 s Balto & Ohio 6s 1929 5 B & O Pitts LE & W Va 4s 1941 B & O Southwn dlv 31s 1925 Brooklyn-Manhat s f 6s A, 1968 Canadian Northern 6%s 1346... Canadian Pacific deb 4s. 2% Carolina Clinch & Ohio Central Pacific 4s 1949. Chesapeake & Ohio cv 4%s 1930 Chesapeake & Ohio gn 4138 1392 Chesapeake & Ohio cv 55 1946. Chicago & Alton 3s 1949 = Chicago & Alton 3%s 1950..... Chi B & Quincy 1st ref 5s 1971. % Chi & Eastern Ill gen 5s 1351. Chi Great Western 4s 1859. Chi M & St Paul cv 414s 1932.. Chi M & St Paul gen 4%s 1989, Chi M & St Paul ref 4%s 2014. Chi M & St Paul cv 5s 2014. Chicago Railways 5s 1927. Chi R T & Pacific ref 4s 1934 Chi Union Station 6%s 1963 Chi & Western Ind con 4s 19 CCC & St L ref 6s A 1929. Cleveland Term 5%s 1972. Colorado & Southern 43%s Cuba R R 5s 1952.. sesean Delaware & Hudson 53s 1937.. Den & Rio Grande con 4s 1936. Den & Rio Grande 1st ref 53 1955 Detroit United 4%s 1932. Erie 1st con 4s 1996.. Erle gen lien 4s 1996. Erie cv 4s A 1953 Erie cv_4s D 1953 Grand Trunk s f deb 6s 1936 Grand Trunk_7s 1940. 4 Great Northern gen 5% Great Northern gen 7s 1936. Hudson & Manhattan ref 5s 1957 Hudson & Manhattan ad) 5s 1957 Illinois Central 5%s 1934...... Inter Rapid Transit 58 1966. Inter Rapid Transit cv 7s 1932, Inter & Great Nor adj 6s 1952.. Kan C Ft Scott & M 4s 1936 Kansas City Southern 3s 1950.. Kansas City Southern 55 1950. Lake Shore 4s 1928. : Lake Shore 4s 1931 Lehigh Valley 6s 1928. 4 Louis & Nash unified 45 1940, . Mil Elec Ry & Lt 1st ref 5s '61 MStP &S S M 6%s 1931 4 Mo Kan & Tex 1st 4s 1990. Mo Kan & Tex adj 5s 1967. Mo Kan & Tex pr In 58 A 1 supply of gold. It is upon this of the yellow metal that thc a is founded and Tomey in turn 1s responsible in lar degree for the strength of inv ment securities. Turn in Gold Tide Needed. The question now arises whet the advance in sterling and the coin- cid shifting of balances will far enough to make an impres upon our gold supply. In the of the case, no_exact answer |&iven. Economists agree that n the tide of gold which is still in would be altogether salutary the immediate result of money rates it would ief prop from the in- vestment market and make the fu- ture ely dependent trade situation. There is so to believe that the directors of New York Federal F {influenced in their de jday to cut the rediscount to 3 per cent by a desire RS bl e —— Granby Consolidated. 5 Great Northern pf. . 3 Great Northern Ore ctfs 8 Great Western Sugar. —— Greene Cananea Copper. —— Gulf, Mobile & Northern. Gulf, Mobile & Northern pt 69% Gulf States Steel.. Hartman Corporati Hayes Wheel. .. Goodyear Tire & Rubber pf 56% 8 Goodyear Tire & Rub prpf.. United Railway Invest. United Railway Invest pf. U S Cast Iron Pipe & Fdy.. U S Distributing Corp’ U S Hoffman Machine. U S Industrial Alcohol. .. United States R & Imp. United States Rubber. U S Rubber 1st pf. U S Smelting & R S SRR S © L Missour! Pacific gen 4s 1975, % Missouri Pacific 65 1949 N O Tex & Mex inc Gs New York Cent deb 4s 1934.. New York Cent ref imp 5s 2013 New York Central deb 6s 1935. New Haven deb 4s 1957... N Y N H & H cv deb 6s 1948. .. N Y West & Boston 4%s 1946.., Norfolk & Western con 4s 1996, Norfolk & Western cv 6s 1929. . Northern Pacific 3s 1947. the restoration of sterling ex- |change to Y. import | materials. Tt {der the necess these causes W the greater relat money rates in Foreign Outlook Brighter. s far as the action of the New York Federal Reserve Bank directors goes, the only surprise was that the cut in the rate came when it did. Action of ! this kind had been expected more or | less confidently for nearly a month, As a matter of fact, it d not change !the money situation at all. It is simply official recognition of a con- | dition which everybody knew existed. It had no particular stimulus upon the | bond market except to bri hout re- covery of Liberties to around the best prices of the year. Along with the rises in the exchanges the week has witnes markable revival of confidence in | vestments. On the Stoc French bonds made the highe: seen this vear and in some instances have sold at the highest quotation for all time. Dea S were on a very large scale representing both specula- 41% | tive and investment buying. Other Juropean bonds than the French were favorably affected. Conspicuous amon these was the new Hungarian sold weil above offerinz 1 placing of this loar hony to the reversa of sentiment country toward foreign securities. Unlike the Austrian loan of a year azo, there was no guar antee by other powers of the Hu garian offering. Nevertheless t % | bonds were sold and the market proved | better disposed toward them than wa the case in London, which is a cond tion almost without precedent. Al | this has encouraged the bankers who 791 | expect to be called upon to sel German loan to American investors. German Loan Expected Soon. The German loan is expected no: 643 | the 1st of September if not bef | No definite information is available to the terms. The coupon rate w be at least 7 per cent and may 115% | more and the offering price, it is ticipated. will be such a around § per cent. Much will dep upon conditions prevailing at the the bonds are actually offered would seem that a German loan mus a ing bonds of Austria or H ‘There has been some discussion of inserting a provision for redemption at a premium by annual drawings, there- by siving a speculative feature One feature of the foreign bond | market for which no adequate explana- | tion is at hand is the revival of specu- lation in German government mark securities. The buying orders are said to have come from abroad. Certainly the Dawes plan makes no provision for these bonds. If the German gov ernment is to recompense the unfor- tunate holders of its war loans nothing 1s known of such intention here. DRY GOODS MERCHANTS GETTING MORE ORDERS Special Dispatch to The Star. BALTIMORE, August 9.—Local mer- cantile establishments, with a few ex- ceptions, are doing more busine. than at any other time for five month T8% l2|%t 121% 79% 29% 3, compared with 27.25 at the close Household Produ lof the previous day. The general mar- {et closed steady at net advances of 20% 3 Hudson Motor Car. 8-to 36 points. 11% 1 Hupmobile Motor Car. The early covering movement was 1004 7 Dlinols Central...... /accompanied by some bullish com- 6 Tilinois Central pf Jihent on Manchester cable advices re- e D S te {porting an improved trade in the e iBritish cotton goods markets, and re- 31% 2% Inlana Steel.. rts that some of the domestic mills e ould increase their running time f;: T It e glext week. ey 3% —— Inter Agriculture pf NEW ORLEANS, August 9.—Cotton 83 8 InternatlBusMachi utures closed Steady at et advances 40% 4 International Cement. . f 14 to 28 points. October, 26.55; De- 22 2 Internat’lComb Engine leember, 26.61; January, 26.68; March, 78 5 International Har, new. #6.73; May, 26.70. 6% —— Inter Mercantile Marine Spot cotfon quiet, 18 points up; s . e iirntin Macine oF. middiin, 27.60. 11% — International Nickel. St i3 75% 6 International Nickelpf. 4 Westinghouse Elec & Mfg. 88 = —— International Paper.. £ —— Wheeling & Lake Erie. ..... ;WOOLEN GOODS ACTIVE; B I hecs aer.. fon B 3 : T Wheing & Lake B 5. E5 : = . COTTON GOODS QUIET 100 — Jewermes - i~ T e e 21% 38 Jordan Motors. 28 ~—— Wilson & Co... 17% —— Kansas City Southern 22% —— Willys-Overland. 51% 4 XKansas City Southern pf.. P 88 20% —— Kayser (Julius) & Co. . 9% —— Kelly Springfield Tires. Kelsey Wh Northern Pacific 4s 1997 85% according to heads of firms. This is Northern Pacific ref imp 6s 2047 107 espectally true of dry goods. Reports Ore Short Line ref 4s 1929, 'firorln(l_he s&mh are optimistic for the rt Line gt: rst time this year. 8::-&‘:;; 1-:25!‘45’1:::" 2 The better feeling is based on larger - crops ‘and higher prices. Georgia, Pennsylvania gen 4%s 1 which was hard hit by partial failure Pennsylvania gen 5s 1968 of the cotton crop and damage to Pennsylvania 6%s 1936 other crops last year, will fare well Peoria & Eastern inc 4s & this year, and other cotton-growing Pere Marquette 1st 5s 1950 States send similar reports. Orders Reading gen 4s 1997 9. for dry goods placed with Baltimore {1501 e o P 1R 1S ot 1 S e (] —— Vanadium Corporation — Virginia-Carolina Chem. . —— Va-Car Chemical pf.. . —— Virginia Railway & Power At FREJBER RER I+1++110 ...... Rrss [ N - i b 2 58 T - - jy the Associated Press. il NEW YORK, August S—Cotton goods markets today were quiet and rices were about steady. The burlap arket was higher for shipments, pots and afloat, with a little forward uulnem booked. The fur market - FEEFEFEFRFE & &F oM E3 busy on some specialties. The B ooien goods market was active in gote with & hurried demand for some boed fabrics. Japan raw silk prices [~ : ere firmer with good business re- 8 Eresge Rept Stoces pf, months. Wholesalers predict moder- n Fran 5%s B 1942... Seaboard Alr Line ref 4s 1959 . il e NEW YORK, August 9.—A declino Sonthiew the United States Steel Corporation lowest in 13 years, according to fig- 1 Wright Aeronautical. 95% Union Pacific ev 4s 1927. ed by E. H. Gary, ¢hairman of the Dividend rates as given In the above table are the annual cash payments 58 Western Maryland 831 fact that the decrease was about orted. all weck. 176 8 _—— Lee Rubber & Tire... 84z lgorted in Mag. Rio Grande Western clt ‘l X"‘ houses are more numerous and for San Fran pr In 48 A 1950 ately good times for the remainder San Fran adj 6s 1956, .. Seaboar ir Line adj 5s 1949, , NO SERIOUS ALARM Southern Pacific col 4s 194 B in July brou; the total at the end 30% ures made public today. Improve- 8 Wrigley (Wm). 92% Virginian Ry 1st 5s 1962 corporation, and by steel trade re- based on the latest quayterly or half yearly declarations. Unless otherwise | & 356 Westara Pacific §e ivie. e TR0 0 e oraria th deop in larger quantities than for many San Fran pr In 6s 1950. S G Sa StL & San Fran inc s 1960 Seaboard Air Line con 6s 1945 iy e s d Pras: Southein Bacific rat 4 “55 85% B of 75433 tons in unfilled orders of Southern of that month to 3.187,072 tons, the § Worthington Pump of 5. 65 65 63% 88% Union Pacific 1st 4s 1947 ment in steel buying, already report- 4% 5 Yellow Cab.. 51% 655% + % 9 90% 96% Wabash 1st 5s 1939, views, however, was reflected in the - June and 500,000 tons below that re- — % ' uoted, extra or special dividens are Dot included. 1 Partly extra 96 West Shove dnc tw 258l