Evening Star Newspaper, August 13, 1924, Page 24

S 24 MOVES ARE MIXED IN STOCK MARKET Rubber and Tire Shares Join Upward Trend—Coppers Strong. BY STUART P. WEST. 8 13.—Today's stock market was a mixture of con tinued profit-taking with fresh buy ing. The result was more or less rregularity in the movement of s, but with the principal changes upward. Rubber and tire shares were taken in recognition of the much improved condition in the crude rubber market Just what the recent advance in crude rubber will an for these companies depends upon the extent to which they were able to avail themselves of the low selling price for their raw material in the spring. But at all events the rise in rubber will help out inventory accounts con- siderably. United States Rubber hav- ing its own plantation in the Far stands to benefit particularly by the ad Its stocks were among the 1 the market today. At the low-priced members of the k and Ajax were in aders in me tim, group better de Rs Shares of railroads St were the strong division. Mi Tex: a and san Francisco ade new highs, and M., K. and T. ues came in for ore attention. bu of these ~reks was partly due to able ea’ “mgs and partly to merzer prospect Copper shares we* strong with Kennecott at# Chile highs. The copper trade is ing settlement in Europe, which, with the improved statistical on at home. is expected to lead to a furthe ance in prices for the metal. ( de Pasco at today figures had regained the entire loss which followed the announcement three output ond Sharex Strong. in the South- features in the ri Pacific pi cific and St preferred again, new count- Oils Continue Heavy. of the Pan-Americans, in which another drive was made gainst the short interest. the oill es continued heavy. Steel com- mon was freely supplied as it rallied to 107 and weakness broke out rather conspicuously in Crucible Steel. In this connection there was talk of a poor report for the fiscal year, which ends Augu: Ameri u Outsi many who have was out of under present money condition vear the surplus available for mon share dividends was $15. year's earnings have been larger. is expected that the company will realize a profit for the first year of about $1,000.000 from its contract with Tobacco Products, that Enstman Kodak Cloxing Fenture. The general stock market was firm but there were still no signs of a revival of speculative activity on the scale of two and three weeks ago. Declaration of a 15 extra dividend on Eastman Kodak in ad dition to the regular quarterly $1 was follewed by a sharp run-up in the stock. A further ctacular jump occurred in Big B tional Biscuit and phur were other ran up sharply specialties which CLOSE IRREGULAR. Day's Stock Sales Approximate 950,000 Shares. By the Associated Press, NEW YORK of speculative priced rails and of the pan-American today’s irregular stock market. industrials continued to yield to aking and bear sell based - belief that their recent rapid \ overdone. Sales 100 share was irregu 8 points and in the late dealings, but s cropped ot in s the popular industrials, Crucible Steel drop ping points. 13.—Revival n the low- accumulation es featured Rutland Markets at a Glance NEW YORK.—: and public utilities Bonds firm, rails 2 Ohio issue ove change stead Cotton weak, Sugar _quiet ocks irregular, rails in good demand. ctive, Baitimore and bscribed. Foreign ex- sterling slightly higher. in in drought sections. and featurele: Coffee lling. heat weather Corn crop outlook. Cattle mand. Hogs easy. lower, better steady, poor lower, light de- large receipts, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY U, Alaska, August 13.—The movement of Alaska copper to market has increased, the July exports to the Tacoma Smeiters being over 9 pounds, an increase of pounds over Jun BOSTON. Brass Co. August 13.—The American has advanced prices ap- proximately a quarter of a cent a pound. This is taken to reflect bet- terment in the position of copper and other non-ferrous metals. NEW ORLEANS, August 13.—Orders for lumber from Southern Pine Asso- | ciation mills 600,000 feet, or last week totaled 92,- .4 per cent above nor- mal production. This was the largest week this year except that of Janu- ary 1, when 109,000,000 feet were sold. DETROIT, August 13.—A severe windstorm 'has damaged the bean crop in.some counties 50 per cent. . Growers expect higher prices as a result of short California crop. Prices have jumped from $4.25 to $5.50 per 100 pounds, an increase of 100 per cent above the levels for 10 years be. fore the war. LANCASTER, Pa., August 13.—Pests appear to have worked comparatively litle damage in the tobacco fields here, but the plants have had to con- tend with too much moisture early in the season and not enough since. There is a wide difference between the best and poorest plants, which will bring down the_value of the total . crop. ATLANTA. August 13.—Alleging that motor buses and private automo- biles have made operation of short- haul passenger trains unprofitable, <La Seaboard Air Line railroad has asked permission to discontinue 10 passenger trains on branches in this State. LEAD ORE ADVANCED. JOPLIN, Mo., August 13 (Special).— Tead ore in the Tri-state fields has advanced to $100 a ton and zinc ore has jumped from $40 to $42 a ton. De- mand s strong and production is ex- pected to increase. weeks ago of the drastic cut in | Many | Big | | Foundation rts. I FINANCIAL. Open. 10% 8 9% 76% Adv. Rumley. Alr Reduct (4) .Ajax Rubber Allled Chem (4). 5T 13% 38 Allis-Chalm (4) Am Agricul Chm. AmAgr:Chempt AmBrS&F (b). Am Can (18). Am Can pt (7) Am Chain A (2).. Am Express ( Am & F P 25%(7) Am For P f pd(7) Am Hide & Lea. Am Hide & L pt Am Ice (75. | Am Internan’ {Am LaF F E(1). Am Linseed. .... Am Locomo (8). Am Metal (3)... Am Radiator (4) Am Saf R (50c). Am Ship & Com. Am Sm & Re (5). Am Stl Fdys (3) Am Sugar. . Am Sumat Tob AmT& Cab (5). IA"\T& Tel (9). Am Tobuc ¢12). Am Tob R (12). Am Tob pf (6). | #m Water Wk. 1 Am Woolen (Tv. | Am Wool pt (7). Am Writ Pap pf. Am Zine pf. | Anaconga. . . | Arn Cons & Co. AtT&SFe (6). Atl Birm « At... 111 Coast . 148). Atlantic Refin. Austin-Nichols. Auto Knitter | Bald Loco (1) Bal & Ohto (5) . Bai & Oh pf (4. Barnsdall A. . B'ch Nut (2.40) Beth Steel.. Beth Stl pf (7). Br k Edison (8). Pr'’k-Man Tran. . Br Man T pt (8). BrklynUnG (4) Burns Br (10) . Butte © & Zine. . Butie&Superior | Butterick Co. ... 124% | Cal Packing (8). | Cal Pet (1%) | Canahan 2 Lead. Calu & Ariz (2) | Can Pacine 10y | Case Thrs'g pt. . Cent Leather Co. Cent Lea Co of CRR.NJ (112). Cerro de Pasco(4) Chand Mo (a . Fhes & Ohio (41 |Ch&eopf6%).. | Chicago & Alton. Chic & Alton of.. Ch & East Il pf. Chic Gt West. | Chic Gt West ot | Ch Mil & St Paul. | Ch Mil & St P pf. Chi & Nwn (4) Ch Pneu T 3 ChicR1& Pac.. |CRT&Pof (6) Ch StP Min & 0. Chi Yeilow C (4). | Chile Cop (2%). . | Chino Copper CCC&StL (5). Cluett, Peab /5) . Coca-Cola (7)... Cnlo Fuel & Iron Colo Southern. .. Co! So st pf (4). Col So 2d of (4) .. Col Carbon (4).. ColG&F (24 Com Ir Tr (53¢). ComSolv A (4) ... Com Solv B. Congoleurn (31 Conley Tin Foil. . Consol Cigar Consol Gas (5) Consol Textile, Cont Can (4) Cont Motors (2 Corn Products. Cosden Co. ... Crucibie St1 (4). | Cub Am Sug (3).. Cuban Cane Sug. Cub Cane Sunt Cub Dom Sug pf.. Cuyamel Fr (4) Dan! Boone M (3, Davidson Chem. . | Del & Hud (3) 45 48 343 21% 144 59% 5 51t 110 985 15% 127% 90 109% 58 61% 29% 40% 40% 21% 29% 83 78 4% 11% 1n 814 54'% 69% 8514 1% 8% 44% 974 43% 82 128'% 8715 ZGB'/: | Devoe 1st pf (7). e Mities (Z) Du Ptdz N (8) Du P de N db (6) Eastmar. (16%). El Stor Bat (4). End-John (5) Erle Erie 1st pf. Erie 2d pf. Exch Buffet (2) Fairbanks (2.60). Femous Pl (8). .. Fed L & Tre (4). FaM&Spt (). Fifth Av B (6¢c). Fifth Ave ctfs | Fisk Rubber. Fisk RubpfA... Fleischman (3%). Foundation (6 pori-Texas Gen AMTC (D). Gen ATC pf (7). Gen Asphalt. Gen Asph pf (5). Gen Baking (6) Gen Cigar (8) General Elec (). Gen El spe (60c) . Gen Mot 1.20).. Gen Mot Ab () Gen Mot pf n(7). | Gen Petm (). Gimbel Bros Gimbel Brf (7). | Gliaden Co. . Gold Dust. Goodricn Goodyear pf. Granby Cons: Gt North pf (5).. Gr Nor Ore (3).. Gt West S pf (D). Gr Canan Cop. Gulf Mo & Nor Gulf St §11(5) u rtman Co (47 on Whl (31, Housen'd Pr (3 Houston Ofl. . Hud Mot C (3 Ulinot Cent (T) Indep Ol (1) Indian Refining. . Inger R (128) .. Inland Stl (2%) inspire.tion Cop Interb Rap Tr Irtcrnat Ag new. Int Bus Ma (8).. Int Cemnent (4).. . Int Com Eng (2). Internat Har(5) Inter Har pf (7). Int Mer Mar pf. .. Internat Nickel. . Internat Paper. Int Rysof CA. 1Int Shoe pf (8). It T&T (6) Invincible Ofl. Jones Bros Tea . . Jones & Lau (7). Jordan Mot (3). . Kan City Scuth. . Kan CSopf (4).. Kayser Jul & Co.. Kayser pf (8) . Kelly Spr Tire. Kelly Sprg 1st pf. Kelly Springfd pf. Kenne Cop (7). Kevetone T & R. Kinney G R Co. Kresge S5 (8) 53% . 116% 11% 22% 112 0 22 13 19% 80 16% 47 45 Ilfi 75% T4% - High. 10% 8 9% 76% 5T% 13% 38W 111% £8 621 30n 41 a 21% 29% 843 73 47% 11% 1% 9 54 69 12! 6% 262 83% 27% 80% 5 99 5% 25% 95% - 110 3% 17% b4% 12% 116% T4% 1% 22% 112 0% 22 85 19% 80 15% a1 . 45 CIK 76% Low. Close. 10% % 9 5% Allled Chm pf (7). 116% 116% 115% 57% 13% 38 82% 123% 115% 23 u7 114% 112% 10% 624 88 24% 105 19% 78% 45% 112 250 85% 27 29% 5 96% 45% 6% 95 110 36% 17% 68% 12% 116% T4% 1% 22% 112 50 21% [13 19% 80 15 1 45 l!’u 15% 10% 1% 9 75% 116% 5% 13% 38% 834 128% 115% 23% 117 114% 113 11% 63 88 24% 10% 19% 79% 454 13 109%, 98% 15% 412 a2 40 405 T HE EVEN NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Kresge Dept Stor. Lehk Val (3%5).... Lig & Myrs (3).. Lig & Mvrs B (3) Loft, Incorpor. . Loose-Wiles Bis, Lorrillard (3). Lorillard pf (7).. Louis & N'eh to) McCroryB(51.60) . Mack Truckns (6). Magma Copper. . Man E! Sup (4).. Manhat Shirt (3) Maracaibo Oil. .. Marland Oil. Marlin Rockwell. Maxwell Mot A. . WMar Dpt St (6).. Mex Seaboard(2) MaxSeabd ctfs(2 Miami Cap (2) Middle St Oil. ... idrd P Midva'e 3 Minn & St Louls. . SSM pf 4 Mis Kan & Tex Mis K & Tex pf . Missouri Pacific. . Missouri Pac pf. . Mont Power (4). Montgom Ward. \"-on Mot €3). Mother Lode 75c. Nat Boeenit 63y, Nat Bis pf (7)... Nat Datry 2) Nat Dept Store Nar Fn & St Nat E & Spf (7). Nat Lead(8).. . Nat Lead pf (7). Nat Sunnly (2). . Nat Sup pf(7) Nev Cons Cop NewO.T&M 1231 NYARBrA@).. N Y Canners (2) . N ¥ Centra! (7). N Y C& StL (6) Nv C&StL pf (6). N 'Y Dor 3 N ¥ Dock pt (5) NY NH & Hart, X ¥ Ont & Wost . Niagara F pf (7). Norf& W (18)... North An.er (2. North Am pf (3). North Pac (5). Nunnally Co (1).. Okla Pr& Ref... Otls Elev (n) (4). Otis Steel. . Otis Steel pf. Owens Bot (3) PacG & E (8). racific Ol (2). Packard (120).. ©ackard pt (7) Pan Amer (4) Pan Amer R (4).. Panhan Pr & Re. . Parish & B stpd. . Park & Tilford. .. Penn Railr'd (3). Penn Seab Steel. . Pere Marq (4). Pere Mar pf (5 Pere M prpf (5). Phila Co (4) .. Fhila& R&1 Phillins Pet (2). Phillips Pet rts. Dlerce-Arrow. . Plerce-Arrow of. P-Ar prpf (8). Pierce Ofl. . .. Pits Coal (4). Pitts Ut pf $1 Pitts & w-s, Va Postum Cer (4). Postum pf (8) ... Press Steel Car. Prod & Refiners Pub Ser N J (4) Public Serv rts... Pub SNJ pf (8). Pullman Co (8).. Punta Al Su (5).. Pure Ol {(1%) Ry £t Spg (%) Ray Cone Cop. Reading (4) Reading rts. Read 1st pf Read 2d pf (2)... Renington Type. Replogle Steel. Rep Ir & Steel Reynolds 3p (1). Rey Tob B (3 Roy D'trh (3.46). Rutland p! St Josern St1.-San Frpf . St L Southwest. . StLS*thpt (6).. avage Arm: Schulte (8) Seaboard Al Seab'd Air Lpf 53% 53% 59% 59% Sears-Roeb’k (6). 103% Seneca Copper. ... Sheil TIn Ol (1).. Shell Un pf (6) .. Simmons Co (1) s Sinclair Oil. 5 Skelly Oil: Sloss-Sheft (6). South Pac (6).... So P Rico Su (§) Southern Ry (6). South Ry pf (5). 91d Gas & Bl 3). St Ofl Cal (2) SONNJI ().... StONINJIpf (.. Sta Plate G1(T5c3 Stewart-War (6) Studebaker (4) Submarine Boat.. Superior Ofl. Superior Stl (3)... Tenn C &Ch. Texas Co (3). Tex Guif (16% Texas & Pacific. Tex & Pac C&O. Tex Pac Lt Tr.. Timken (13%)... Tob Prod (6). TobProd A (D... Transcont Oil Undereood (3).. Un Bag Pa (6) Un Pacific (10) Un Tank Car (5). Un T Carpf (1).. Utd Cigar Stores. United Drug (6). Utd Fruit (10)... Utd Ry Invest. Utd Ry Invest pf. U S Cast Iron P.. U § Distributing. U S Distrib pf (7) U 8 Hoff Mach. .. U S Ind Alcohol. . USR&Im 8 USR&IpfQ U S Rubber. . USR 1st pf (%) U S Smelting.. U S Steel (16) U SSteel o <7).. Universal Pipe. .. Utah Securities. . Va-Caro Chem. Vivadou.. Wabash. . Wabash pf A.... ‘Wabash pt B. Web & Heild (1). West Pen (4) . ‘West Maryland. West Mary 2d pt. ‘Western Pacific. . West Pac pt (). 2% 16% 96 25 16% 18% 67 97 71 64% 5% 364% 57% 34% 117% 29% 49% 86% 16% 87 13% 21% 21% 1% ‘West Un Tel (7). lll West E& M (4).. Wheel & L Erie. . Wheel & L Er pf. White Mot (4). ‘Wickwire Sp 8tl.. Wilson &Co..... Wil&Coof...... Willys-Overland. Wiliys-Over pt. @ wruw(!).‘ . tPartly extra. 3Paye u 25% 7% 1% % 20% 8% 67% 111% 40% Dividend rates as given are the annual cash latest quarterly or 53% 53% 61 60% 62 16% 6% 6T% 38 117 100 96% 95% 34% 46% 85% 28% 2% 10% 504 1% 215 264 4T% 1% NG_STAR, WASHINGTON, D. C. WEDNESDAY, AUGUST ' Low. 53% 58 59% E9% 61% 18% 6% 66% 8714 17 99 96 941 34 45 851 284 80% 10% 50'% 904 20% 103 144 107 501 27% 6% 1% 100% 10t 587h ARt 21 1y 1264 15% 294 103% 2 16% 96 25 16% 18% 67 7% 71 57% 56% 2% 1% 2% 251 53t 44 69% 624 126 15% 29 103% 2 16% 96 25 16Y 18% 66% 96% 71 64% 75% 36% 574 b o844 ll’l'A 29% 50% 674 114 40% 17% 29% 4915 86% 74% 85% 8% 291 3% 64% 91 Close. 53% 53 60% 60% 61y 16% 8% 67% 38 1n7 99 96 94% 34% 485 36% 28% 31% 10% 50% 91 21% 0% % 274 224 28% 126 26% 49%, 65% 2% 65 % 46 43, 964 46% 1% 1004 57% 574 2% 493 | 88% 2% | 4 2 RaTi 15% 1064 | % 1% 6% T6% 29% 103% 2 164 26 25 16% | 18% 5% 35 ! 8% 298 85% 641 1% o 5 38 48 143% 17 114 53% 82% 213 1% % o4 29% 117% 21% 72 95% 102% 31% 86 303 106% 121% 14 28% % 8% 67% 111 40% 38 48 144% 117 114 53% 83 214 17% 44% 94% 29% 117% 21% 72 95% 102% 32% 86 80% 106% 121% 14 28% 1% 5% 16% 45 31 15% 87 13 21% 22% T1% 13 [ 14 25 7% 1% 6% 19 8% 67% 113% 40% lbhb‘r:krnlm MaiF yearly Seciarations, Taleen otherwise noted. nml«mmm ezt or special RAILROAD BONDS FEATURE MARKET bLiberty Loans Also Active in Today’s Trading—Some New High Records. BY GEOR T. HUGHES, Special Dispateh to The Star. SW YORK, August 13.—Specula- afls were the features of the & bonds today. Obligations of three roads stood out, tHe Missouri Pacific, the St. Louis-San Francisco jand the S 1. Of the Missouri Pacific interest centered in the gen- eral fours which ran up more than @ point under the heaviest trans- actions in months. The advance rep- resented belated recognition of the remarkable improvement in earnings under the new management. In the St. Louis-San Francisco list | the favorites were the adjustment 6s and the income 6s, both making new highs for the year. Kach of | these bonds pays interest only if arned, but on both the full rate has 5 id ever since they were first ued. With the *St. Paul the 4s of 1925 re the strongest, getting up to S1. convertible 4's, the next near- maturity, gained point. The | long-term convertible 5s and refund- ing 415 improved fractionally. B. & 0. Offering Popular. There were, how a few soft spots in the railroad list. One was Chicago Eastern Illinois where earnings are still disappointing, and another was Chicago Alton 3% As to the latter the report now is that the bonds will not be disturbed in the KY"U!L’NH tion. B. & O. obligations | were not materially affected by the new offering of $75,000,000 first mort- £ bonds bearing 5 per cent inter- only 4 per cent being secured under the mortgage. The offering | was great success and the indi- ations were late tos v that 1t would be oversubseribed four of five times. Liberty third 41, nd the fflurth 4% s were the strongest of the Gov- crnment loans. United States Steel | sinkine fund 5s and New York ¢ ltral 3%s were also in d | Among the industrials Chile Copper 6s made new high. Foreign | bonds, especially the French, con- | tinued to drag. | s new offerings | $1.500,000 Indiana Hydro | Power i 6s, due 1951 per cent, Cineinnati 4 due seri- to 1943, to yield from 3 per cent, and $1.160,000 City | eland 4%, to yield 41.10 per a included Electric to yield $3,300,000 i Frixco Insues Higher. iated Pre W YORK. August 13.—New rds for the y were cstablished sco income and adjustment 6s on that plans were under way for revision of the company's capital structure. These were said to provide for additional issues of preferred atock | rather than in bonded in- % | debtedness, with prospects that the pres- | ent preferred shares would be placed on a dividend basis. Ove | Onio | in: subscription of the Baltimore and Railway's 000,000 bond offer- reported. Listed on the curb ket, t bond commanded a ‘nllghl pren FREIGHT BUSINESS - LESSTHANIN1%23 "Six Months’ Summary Re- veals Drop of 9 Per Cent. Best Showing in South. | | Freight trafic during the first six months in 1924 was more than 9 per ! cent below that forthe corresponding eriod last vear, when freight busi- on the railroads was the great for that period of the vear in { history, the Bureau of,Railway Eco- nomics announced’ today Measured in net ton miles, tabula- | tions of reports just filed with the bureau by the carriers show that dur- ing the first half of 1324 freight traf- fic amounted to 204,636.000,000 net ton miles, 20,850,000,000 net ton miles be- low the corresponding period last vear. Decreases by Districts. In the Eastern district the amount of freight business handled amounted to 104,353,238 net ton miles, a de- crease of 12.1 per cent under the cor- responding period last yvear, while in the Southern district it totaled 28,974,- 620,000 net ton miles, or a decrease of per cent. Freight trafic in the Western district totaled 71,307, 947.000 ne ton miles, 15.9 per cent below the same month in 1923. In the Eastern district there was a re- duction compared with June, 1923, of .1 per cent in the volume of freight business carried, while in the South- ern district the decrease was 13.8 per cent. Class 1 railroads in the Western district showed a decrease of 8.4 per cent. The average daily movement per freight car for the month of June 2 miles, 3.1 miles below the average for June, 1923, but 1.3 miles above the average for the same month in 1922, The average was also seven-tenths of a mile below that for May, 192 Carx Carry Smaller Loads. In computing the average move- ment per day, however, account is taken of all freight cars in service, including all cars in transit, cars in process of being loaded wnd unload- ed, cars undergoing or awaiting re- pairs and also cars on side tracks, for which no load is immediately available. In view of the fact that the railroads in June had daily an average of nearly 359,000 surplus freight cars and virtually no car shortage, the daily movement per car would naturally be less than in Juné, 1923, when the daily average of surplus freight ears was approxi- mately 53,850 and the daily car short- age more than 12,000 freight cars. The average load per freight car in June was 26.7 tons, 15 tons below that for the month of June last year, but 1.3 tons above the daily average for June, 1922. Compared with the average for May, 1924, it was, how- ever, an increase of three-tenths of a ton. POTATOES HIGHER. CHICAGO, August 13. — Potatoes, trifle stronger; receipts, 53 cars: total United States shipments, 452 cars; Minnesota sacked early Ohios, 1,15a1.25; Maryland bulk Irish cob- blers, 1.65; Kansas and Missourl sacked Irish cobblers (holdover), 1.40 .60;; Virginia barrel cobblers, a2.85. CAR LOADINGS IMPROVE. BALTIMORE, Md., August 13 (Spe- cial).—Car loadings on the Seaboard Air Line Railway for July showed an increase of 2.4 per cent as compared with the corresponding month of last year, 38,899 l0oads being moved, as agalnst 37,972 in 1923, high | 4Brier H 1924, 3, l NEW YORK BONDS STOCK EXCHANGEI Recelved by Private Wire (Bales are in $1,000.) UNITED STATES BONDS. (Fractions represent thirty - secondu. Example: 98-3 means 98 3-32.) Sales. High. Low. Close. . 128 101-2 101-1 1011 91 102-20 102-15 10217 466 101-25 101-19 101-20 388 102-20 102-17 102+17 763 102-28 102-22 10225 67 106-4 105-29 105-31 FOREIGN. Sales. Bigh. Low. Close. Argentjne 6s°37... 46 94 93% 94 Argentine 7s...... 23 102% 102% 102% Austria 7s . €0 97% 96% 96% Belgium 6s. « 11 100% 100% 100% Belgium 7%s . 48 110% 1104 110% Belgium 8: . 28 107% 107% 107% Berne 8s - 15 111% 1114 111% Bolivia 8s. - 26 93% 93 93 .19 90 89% 89% 11 83% 83% 83% 29 97% 9% 9% 19 101% 101% 101% 4 101% 101% 101% 126 103% 103% 103% 2 102% 102% 102% 19 98 9T% 9Tk 104 103% 103% 105 105 105 106 106 106 47 4T% 4T% 109% 109% 107% 95% 95% 95% 974 967 9T% 101% 101 101% 101 100% 101 109 109 109 100% 100% 100% 110% 110% 90% 90% 90% 90% 6% 97% 96% 96% 102 102 &9 89 96% 96% 102% 103 106% 106% 90% 90% 82 82 89% 89% 100% 82 6% 0214 81 90 9% 32 91 99% 99% Lib 3%s. Lib1st 4%s. Lib2d 4%s. Lib3d 4%s. .. Lib4th 4%s. .. US4%s1962.. Brazil 7s Brazil 8s Canada 55 1926 Canada s 1931 Canada 5%s 1929 jCanada 5s 1952.. Chile 75 1943. Chile 85 1926. Chile-8s 1941. Chile 85 1946. Chinese Gov Ry 58 Christiania 8s. Copenhagen 558 Cuba 5%s. . Czecho s 1951 ©zecho 85 1952 ct Danish Munic 8s Denmark 6s Denmark 8s Dutch E15%s3.. DEI5%sct. Dutch East I 6s°47 Dutch East I 6562 El Salvador 85 '48. . Finland s f 65 1945. Framerican 7%s. . French Govt 734s. . French Govt 8s, Haiti 65. Holland-Ame Hungary 63%s Italy 6%s 1926. . Japanese 45 1 . 3 .24 123 .16 30 - .24 4 Jerkens UM 65 I yons 6s. \Y.inirllle El . | Mexico 5s assented | Montevideo 7s. . Netheriands 6s Netherlands 6s Norway 65 1943 Norway 65 1952 Norway 8s.. Orient Dev deb 6s.. Paris-Ly's-Med 6s. Prague 114s Queensland iQueensland 7s. Rio de Jan 8s 1946. Rio de Jan 8s 1947. Rio Gr Do o Paulo City 8s.. Paulo State 83, ne Dept. of 7s.... 34 rbs Crotes Slo 8s 62 sons 65. 18 veden 6 wiss 5 ot seConfed 85... 8 Tokio bs. ... ° Ud Kingm 5% 4 Ud Kingm 5% 21 Ud Steam Copen 65 2 Cruguay 8s. . 3 Zurich 8s. ... 1 99% 99% 97% 98 9T% 9T% 1124 1124 8% »TW 82% 8215 921 03 102 102% 109 109 96% Y54 5 95 97 9% 98 98 99% 100 954 95% 85 6% 87l Ha% 104 104% 97 9T% 114% 115 65% 65o% 1% 111% 1054 105% 91l 92% 104% 104% 1i1% 111% MISCELLANEOUS. Ajax Rubber §: .7 93% AmAgrChem 1%s 53 931 | Am Repub deb 6s.. 10 915 | Am Smit&R 1st55. 51 95 |Am SmiIt & R 6s 4 105% | A Sug ref 6s. . 7 101 {AmT & Teltris.. 66 97% |Am T&T el tr5s... 51 101% |Am T & T deb 5%s. 102% | Am Water WKks 5s. 3 | Anaconda 1st 6s Anaconda cv db Armour & Co 4% | Armour of De Atlantic Refin & Barnsdall s f 8s Bell Tel Pabs... Beth Steel pm 5s... Beth Stecl rf 55.... Beth Steel 5135 '5: Beth Steel s f 6s t 15t 51, Bklyn Edison 7s D. 914 93 oL 94% 94n 105 105 100% 101 Y% $T% 104% 101% 1024 102% 3 9y 97% 98 100% 100% 6% e6% 9 92 98% 99 101 102 100% 100% 88 8 96% 96% 8u% BsS, 96 96 96% 96% | 103% 109% 49 99 100% 100 108% 109 100 100 100% 100% 100% 1004 6% ¥5% 8 1 904 10% 100 100 106 106'% 108% 108% 105% 105% 106 106% 95% 96 4 103% 103% 104% 104% 99% 99% 97% 98 104% 104% 117% U8 103% 103% 29% 99% 9% 97% 94 94 874 BT% 93% 934 98% 99 101 101 966 964 91% 91% 9% $7% ui uz7 99% - 99% 105 105 88 88 9% 9T% 81% 8i% 101% 101% 101 101 13 113% 96le 96% 106%. 106% 107% 108 97 97% 101% 1014 93% 93% 103% 1033 108% 108% 95 4% 99% 93 924 93 1% Calif Pete 6%s.. Chile Copper 6s |Cinc &L-‘)‘r-s | Col Gas & EI 5 {Commonwth P 6: ! Con Coal Md 1st 5s. | Consumers Pow | Cuba Cane cv d 8s. | Det Edison ref 6s.. Du Pont de N 7%s. | Duquesne Light 6s Est Cuba Sug 7%s. Empire G&F 7%s.. Fisk Rubber $s Gen Elec deb 53 Gen Refractres 6s. Goodrich 6%s. . . Goodyear 8s 1931 Goodyear 8s 1941 Hershey 6s 1942 Humble O&R 5% Illinois Bell 1st 6s. Illinols Steel 4%s. . Inter Paper 58° KCP&LtSsA 6" Kan G & El 65’52 Keyser (J) 7s Kelly-Spring 8s. Lackawa S 58 '50 Lorillard (P) 58 Magma Cop cv 78, Manati Sug sf 7%s. Marland Oil 83 '31.. Midvale Steel bs. Montana Power 5s. Mor's&Co 1st 4%s. Nat Tube 1st 5s New Eng Tel 58 N Y Eden 1st 6%s.. N Y Tel d%s.. N Y Tel 65741.. N Y Tel 68749...... North Am Ed 6s. North Am Ed 63%s. Nor States Pow bs. Nor States Pow 6s. Northwst B Tel 7 Otis Steel 8s. Pacific Gas & El 5s Pac Tel & Tel 5s. ... Pacific T & T bs '62 ® o S 101 Ot Pt i G2 D100 03 0 DN e @ -n:'-;mfi- Direct to The Star Office. RAILROADS. Bales. High. Low. Close. Atchison gends... 22 90 89% 89% AtlanticCL1st4s. 5 89% 89% 89% 12551005 100% 100% 86% 86 86% 89% 89% 89% 85% 85% 85% 103 102% 108 9 100% 1004 100% 84 83% 10 99% 68% 6l w2l Sl% 88% 88% 115% 115% 115% 116% 81 80% 99% 99% 103% 103% 96% 96 8sly 884 1003 98543 43 42% 89% 89% 100% 100% 90 90 M% 1% 56 B5% 56% 6ok 81 80 4% 54% 61% 82% 54% 59% 100 97 110 107% 8% 814 92 101% 8 103% 94% 99% 105 B8Y »5 101% 89 101% 8% [ ® 0o g 8% a5 i w 000000 SW div 3%s. 52 O Toledo 4s. 10 Bkiyn-Manhat 6s.. §7 Buff R & Pitt 4%s. 6 Canad North 6%s., 22 Canada North 7s, 9 Canad Pac deb 4s 7 Cent of Ga 5%s.... 10 CentofGa6s...... 1 Ches & O cv 4%s... 15 Ches& Ogn4lgs.. 1 Ches & Ohio cv 5s..146 Chi & Alton 3% 1 Chi B&Q gn 48°58. 15 Chi B&Q 1st rf 5. 19 CB & Q-1 div 4s.. 10 Chi& EIllgn5s... 11 Chi Great West 4s. 13 CM & Puget Sd 4s. 36 ChiM & St P 45°25.278 Chi M&SL P 48 °34.. 51 CM&StPab4s... 63 Chi M&SLP cv 4%s5 15 CM&StPgn4ls. 6 Chi M&St P rf 4158, 12 ChiM & St P cv bs. 48 ChIM &St Pés.... (hl&‘\'WrerSs . Chi & Chi & NW 7s Chi Rys 5s. ChiRT& P rf 48 Chi Un Sta 4%s. Chi Union Sta 6s. Chi & W Ind cn 4s. Chi & W Ind 73s. CCC & St L 5s. Cleve Term 5s w i. Cleve Term 5%s Colo & Sou 41es. Cuba R R 5s. Cuba RR 7%s Del & Hd 1st rf 4s. Del & Hudson 5%s Den & Rio G cn 4s. D& R G 1strf 5s. DesM& Ft D 4s Det United 41 Erie 1st con 4s Eric gen 4s. . . Erie conv 4s A Erte conv 45 B Erie conv 4s D Erle con ext 7s. Gr Trunk sf db 6s.. Grand Trunk 7 Great North 5s Gr North gen 53s. Gr North gen 7s. .. Green B & W db B. Havana ERL&P s Hud & Man ref 5s.. Hud & Man aj 5s.. 111 Central ref 11l Cent ref 58 11l Central 53%s. Int Rap Tran 5s. .. Int Rap Tr 55 stpd. Int Rap Tran 6s. .. Int Rap Tran 7s... Int & G Nor 1st 6s. Int & G Nor aj 6s.. Towa Cent 1st 5s.. Kan City Ft S 4s Kansas City S Is.. Kansas City S5s.. [ELELLTET) rPRERRRRR 70% 108% 106% 115% 93% 101 109 11 8% | 88 1044 103 691 +8% 69% | et % | o H Lake Shore 45 '28. . Lake Shore 45 31. Lehigh Val cn 4s Lehigh Valley 6s. . Long Island rf 4 Louis & N uni 4s Louis & N 55 B Manhat Py cn 4s.. Market St Ry 7s Mil E1 Ry & L 55 M & St L 1st ref 4s. M .s( sz L rf ex 5s. M StP & SSM cn 4s. T Tey { & T adj 53 &TprinbsA. MK & T 63 C Mo Pacific gn 4s. Mo Pacific 5565 Mo Pacific 6s. . 0 to= BeanBmiinm mmom o M M ) - paBuanenan & ® 4 e 24 Nassau ERy 45’57 4 Y Cent gen 3%s. 3 Y Cent deb 45 N YCent deb 68 Y Chi & SL5%s. YC&StL6sA.. New Havend 4s'57 Y Rysadjdsct.. 2 Y W & Bos 1%s. orfolk & W cn 4s. orfolk & W cv 6s. orthern Pac 3s Northern Pac 4s... Northern Pacr i 65 Ore Short L ref 48. Ore Sht L cn 58 '46. Ore-Wash 1st rf 4s Pennsyl gen 4%s.. Pennseyl gen 5s.... Pennsyl 6158 Pennsyl gold 7s... Pere Marq 1st 5s. Reading gen 4s. Reading gn 4%s Rio G West cl 4s RIArk & L 43s. St L IM&S 4529 St L IM&S R&G 4s. 21 Slb&.bF‘pl{sA. St P Un Dep 5%s. . Seab'd AL 4ssta.. Seab'd A L ref 4s. Seab'd A L adj 6s.. Seab'd A L con 6s. Sou Pacific 48°29.. Sou Pacific ctl 4s.. Sou Pacific ref 4s. Southern Ry gn 4=. Southern Ry 1st bs Southern Ry 6s ct.. Southern Ry 61s. . Toxas & Pac 1st 5s. Third Ave adj 5s. .. Tol St L& W 3%s Union Pac 1st 4s. People’s Gas 58 9 Phila Co 5%s'35. .. Phila. Coref 6sA. . Phi! & Rdg C&I bs. Pierce-Arrow 8s... Public Service 5s Pub Serv Elec 6s.. Punta Alegre 7s. Sinclair Oil 6%s. Sinclair Oil 7s. ... Sin Crude Oil 5%s. 103 103 99% 99% 84% B4% 104 104 104 101 109 109 36 86 92 92% 100 _ 100 100 100% 844 Bk 96% 961 106% 106 95% 95% 97% 9TH 104 104% 108% 108% 25% 9564 115% 115% 84% BiY 103% 103% 104% 104% 20% 90% 6% 61% 94 94 102 102% 98 98 IM% 109% 8 97“ 9% 83% b53% 89% Sin Pipe Line Southwest Bell 5s. Steel & Tube 7s Sug Est Orient 7s.. Tenn Elec Pow 6s.. Tide Wat Oil 6%s., Toledo Edn 1st 7s. . Union Bag & P 6s.. 6 Unit Drug cv 8s... 34 U S Rub 1st rf bs... U S Rubber 7%, U Sstecl s f 5s. Utah Pow & Lt 6i Va-Car Chem 7 Vertientes Sug 7 Warner Sug 7 Western Elec 58, ‘Westinghouse 7 Wickwire Spen Willys-Ov 6%s'38. Wilson & Cocv 6s. 11 Wilson & Co 1st ts. 11 89% 894 Youngstn S&T6s. 11 96% 96 96 Saloet SR TOMATO PRICES DROP. CAMDEN, N. J., August 13 (Spe- cial).—The hot %eather has ripened tomatoes faster than usual and pre- cipitated a break in the market which has dropped to 30 cents a basket or $18 a ton. The shipping season Will be short and pr(eeqyoon are expected to advance agaln, 53% Union Pac 48 '27 Union Pacific cv 6s. Virginia Ry st 5s.. Wabash 1st 5s ‘Western Md 4s. ‘Western Pacific bs. West Shore 1st 4s. Wheel & L E cn 4s8.117 Whel & LEsf 4%s 5 ‘Wisconsin Cent 4s. 10 FOREIGN EXCHANGE. (Quotations furnlshea by W. B. Hihbs & Co.) Nominal Selling checks gold value. today. 4.35% London. pound hy' ‘o0z Montreal. dollar . Paris, franc. Brussels, franc . Berlin, mark . Rome," lira . Zurich, frane . Stockholm,” crown By the Associated Press. NEW YORK, August 13.—Foreign exchanges steady. Quotations (in United States dollars).—Great Brit- ain, demand, 4.53%; cables, 4.54%; 60-day bills on banks, 4.51. France, demands, .0560% ; cables, .0561. Italy, demand, .0451; cables, .0451%. Bel- gium, demand, .0517; cables, .0517%. Germany, demand (per trillion), 23%. Holland, demand, .3908%. Norway, .1398. Sweden, .002653. = Denmark, = .1600. Switzeriand, .1889. Spain, 1351 Greece, .0179. Poland, ..19%. Czecho- slovakia, .0397. Jugosiavia, - .0124%. Austria, .000014%. Rumania, .0045%. Argentina, .3375. Brazll, .1005. Tokio, «41%. Montreal, 27-32, B5% | FINANCIAL. RAIN CAUSES WILD SELLING IN COTTON Yesterday’s Gains Wiped Out as Outlook Improves in Texas Fields. By the Associated Press. NEW YORK, August 13.—Nearly all of yesterday's advance in the cotton market was wiped out this morning under extensive liquidation due to reports of rain in Texas drought sec- tions. October cont s dropped to 27.50, or 85 points under last night's close, Cotton futures closed easy. October December January . March May . 3 Opening: October, 27.85: December, January, 27.40: March, 27.52: May, New Orleans Prices Break. | NEW ORLEANS, August 13—Re ports of good rains in north Tex and decidedly lower cables then' due gave the cotton market a weak open- ing today. First trades showed losses | of 70 to 72 points. There was a sharp rally right after the eall, which car- ried October up to 27.04, and Decem- | ber to 27.09, but the s presistent, and prices eased o again, October dropping to December to 26.74, or $4 to 88 points below vesterday's closing levels. Private reports claimed that the rains in the West extended from Pauls Valley, Okla., to Greenvi Tex. At the close of the first half | hour of trading the market was steadier while awaiting the weather map. ubsequently large 1 the Southwest forced October 718, which represented a loss of | points, or about $6 a bale. At midday prices raliied points on ! covering. Cotton futures closed steady at net declines of 113 to 115 point~ hedging sales Close 26,3010 17 Janunry W o anon 26.50 bid. | December. 26.86: | Octoher. | Ma 00, bd. | Opening Januars 26.80: ! GRAIN BALTIMOR ;—Pillhll)r» new, barrel, bushel, 60a70; beans, lmnho-l 1 | 3; sweet potatos barrel, 3.00a8. UO beets, 100, 3.00a4.0 bbage, 100, 6.00 |a8.00; carrots. 100, 3.00a5.00: corn, doz- | |en. 20a40: celery, bunch, ket 40a65; egepiant, 11.50; lima beans. bu ;l- ttuce, hu=htl 50a1.2 a & L | ppers, basket 30a4 basket, 1.00a1.25; squash, . a75; tomatoes, basket, | green, 40a70. | Apples, barrel, 1.50a3.50; bushel, 11.50; Llackberries, quart : pine- apples, crate, 1 a3.00; leber quart, 10a15: plums. bas | . basket, 50a7 g 0.00; cantaloupes, bas | AND PROVISIONS. August 13 (S - f 25.00a7 1.40. Settling Pricex on Wheat—No. 2 red Winter, 2 red Winter, garl red Winter, garlic Sales—Bag lots of nearby sold at a range of 112 to 1.25. Corn—Cob, new, no quotations for vellow: No. 2 corn, spot, 1.18; No. 3. no quotations: track corn, yvellow, No. 2, 1.31al.; les—Bag lot at 1.10 and 1.12% No. 2 white, of white at per bushel. wharf | 93a1.05; No. —Receipts, none. with very lit-| tle old hay of desirable quality on| hand and new hay arriving in such irregular condition that it cannot be sold on grade: quotations have been temporarily discontinued at the Bal- timore hay market. Straw—No. 1 wheat 1 oats, new, new, 12.50a 13.50214.00. " DIVIDENDS. e, mate. Atlas v w0 - Q Con 01l ¢ Famous I Sig 0 new pf Nat Sug Ref..... e Pow pt TODAY'S METAL MARKET. W YORK, August 13.—Copper electrolytic, spot and futures, Tin firm; spot and_futures, Tron irregular; No. 1 Northern, 2 2 Northern, 19.00a Southern, 18.00a18.50. | spot, 7.75a8.00. Zinc | t. Louis, spot, 6.17; fu- Antimony, spot, 9.12. | Lead steady ture: SR DAIRY PRODUCTS. i BALTIMORE, August 13 (Special). —Live pouliry—Spring chickens, 1b., 26a35; leghorns, 22a30; old hens, leghorns old, 17a18; old roost- ers, 15; ducks, 15a16; spring ducks, 17a22; pigeons, pair, 20a25. Eggs (loss off)—Native and nearby firsts, dozen, offered 30; bid 28%. Butter—Creamery, good fancy, Ib,, 37a39 prints, 391za4l%: nearby creamery, 35a37; ladles, 30a32; store packed, 2 halt process butter, 34a35. S L CHICAGO LIVE STOCK MARKET. CHICAGO, August 13 (United States Department of Agriculture). —Hogs— Receipts, 32.000 head; moderately ac- tive; generally 25 lower than Tues- day's average; few sales; lightweight, 25 to 25 off; light shipping demand and large receipts top, 9.65: bulk, good and_ choice 180 to 240-pound Weight, 9.50a9.65; desirable, 140 to 170~ pound averages, 9.00a9.40: better grades, 250 to 350-pound Dbutchers, 9.4029.55; packing sows, 8.00a8.35; strong welight killing pigs, 8.25a8.50. Cattle—Receipts, 13,000 head; kill- ing classes very low; beef steers and yearlings, Steady to 15 lower; mostly 10 to 15 off; weighty kind showing most declines; shipping de- mand narrow: killing quality fed steers run largely good; liberal sprinking choice offerings of all weights; early, top, medium welght stedrs, 10.90; strictly choice heavies held above 11.00; part load, long yearlings to shippers at 11.00; few ioads strongweight ~and weighty steers, 10.40a10.75; few grassers here; fat she stock unevenly lower: practi- cally unsaleable early: bulls, dull; bulk bolognas, 4.00ad. vealers, steady; bulk to packers, 10.75all. few, 11.50; stockers and feeders scarce; country demand more general. Sheep—Receipts, 15,000; active; fat lambs strong to 25 higher; most ad- vance on natives; sorting light; early sales; natives, 13.00a13.25 to packers; 13.50a13.75 to outsiders; good and choice range lambs, 13.25a13.75; some held higher; sheep and feeders steady; choice rangers to killers, 1.75. No early sales feeding lambs. —— A big celebration is soon to be held in Osaka to mark the completion or 10,000 mites of railway in Japan. | Capital Traction 5s moved at 95% IR | formed | transfer of | control by | denture, ‘of R M. WOLFE MADE DIRECTOR OF BANK Capital Traction Leads Ex change Trading—B. & 0. Issue All Sold. Ralph M. Wolfe, assistant cashict of the Citizens' Savings Bank, was elected a director of the institution, at a meeting yesterday afternoon of the board of directors. Mr. Wolfe was formerly with the American tional Bank, and with the District National Bank. While at the latter he was associated with his brother, Edmond S. Wolfe, then cashier of the District National Bank, Who is now president of the First National Bank of Bridgeport, Conn Trading on Local Exchange. Trading in Capital Traction stocks nd bonds featured the Washington ixchange today. A total of 211 shares went at 94, while $3.300 in Other activity was in odd lots, with i holding firm. Ten Washington v and Electric preferred went 0 Riggs National Bank, at . and 10 Riggs National Bank, at B. & O. Ixsue Oversubseribed. The Baltimore and Ohio long antici- pated refunding program was put into effect this morning, with the of- fering by a syndicate of a_$75,000,000 issue of first mortgage 5 per cent bonds to retire an equal amount of prior lie per cent bonds matur- ing next year. The bonds are offercd with preference given pres- ent holders of the 31, per cent paper It was the largest block of railroad fi & S0 far this year and was versubscribed. Both the New Haven and St. Paul railroads are confronted with sizable maturiti in 1925, and bankers for the latter are said to be considering plans for re- funding this year. Rail Valuation Fixed. A tentative value of $961, placed on the Anthony and ilway Company by the mmerce Commission today. Cairo, Truman and Southern R: was valued at $176,796 Hearings on the interchangeable i mileage tickets case on the railroad lof the country were assigned today for September at Washington b fore Commissioner Meyer by the com mission. C.c. Railroad wagon Makes Transfer Ruling. tariffs covering truck or transfer service, when per- as a terminal service of a common carrier or in connection with freight in transit at diate point are not unlawful was held today by the Interstate Commerce Commission. The commission held, however, that ch tariffs are unlawful when they |are made to cover truck services for mowements commonly designated as line hauls, when operated as an ex- tension of the line and as part of a through movement in connection with the carrier. Seahoard Gets Control of Road. aboard Air Line Railway C ved authority from the Inte erce Commission to acquire lease and purchase of stoc of the Florida Western and North Railroad Co. The Seaboard will assume obligati and liability on securities of the Florida Western and Northern Railroad Co. and of the Land Co. of Fiorida by enterin into a lease by execution of a trust ir by indorsement and pursuant to a proposal to sell $7 ida Western and North The Florida Western and Northern received authority at the same time issue $7.000,000 of first mortzage ing fund 7 per cent gold bon Id at not less than k- Corporation Ribbon Mills Tae pf..$1 iasted Cigar Corp pt. sden & Co pf. ere & Co p.. Duquesne Li o 18t pt Aspalt Co pt 1d_ Products Inc reoll-Rand Co ... Inland Steel Co . —International Shoe Co pf.. T 15—=Liggett & Myers T Lima Locomotive Works Inc.. . Manati Sugar Co.... fanhattan Shirt Co. Martin-Parrs Corp_ - Department Stor Let & Tri : ding Bros 1st pf. d Ol Co of Calif..... TREASURY CERTIFI_CATES. (Quotations furnished by Redmond & Co.) 312 a1 s 4%s September Marca 101716 D101 43%s March 15, 4135 December 15, CHICAGO GRAIN PRICES. CHICAGO, August 13.—Big buying litted all new crop deliveries of corn today to a new high price record for the season. Unseasonable cold wet weather, decidedly adverse for corn growth, was the chief bullish influ- ence. December delivery showed the most strength and commanded prac- tically the same price as May open- ing quotations which varied from un- changed figures to % cent higher. De- cember, 1.0712a1.07%, were followed by a rise of as much as 2 cents above yesterday’s finish. “Wheat rallied as a result of corn strength. At first, however, the wheat market had a’downward tand- ency owing to reports that contrary to expectation no frost had appeared in Canada last night. After opening at 3 cent lower to % cent advance, September, 128%a129, and December, 1.321%a1.33, wheat sagged a little more and then scored fractional gains. Oats traders took their cue from corn. Starting % to % higher, De- cember, 5212a52%, the oats market continued firm. Notwithstanding a decline in hog values, provisions were responsive to the bulge in corn. WHEAT— High, September December September 1 October . 1 BERLIN BANK BEP‘OBT‘ BERLIN, August 13.—The statement of the Bank of Germany as of August 7 shows an increase in gold hoiding 6.372.000 to 490.694,060 nar! hereof 51,292,000 is deposited abroad. Iver coin reserve decreased § 141,000 marks. The report aiso shoy e the following changes in trillion marks: Treasury and loan arsociation notes decreased 1£,000; Rentenbank - notes increased SEJDC.I'M.