Evening Star Newspaper, August 15, 1924, Page 16

FINANCIA NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office SOUTHERN RAILWAY IS AGAIN AGTIVE Many Other Railroad and In- dustrial Shares Go Higher During Day. BY STUART Special Dispatch to The Star. NEW YORK, August c market today ran into heavy profit- taking sales, which caused irregu- larity in the later trading after a fur- ther ri; at the start. Optimism was expressed in most of the Wall street comment, did not prevent aking place freely. n was the leader of the industrials, There was, however, lit- tle to be said about the position in this stock which has not been set forth repeatedly during the last 30 points of the rise. The guiding spirits in American Can are those who made the big money out of Corn Products. The campaign is being managed in precisely the same way, and there is the same confidence and aggressive- ness shown in bidding the ock up. carned nearlv the common year. and official estimates are that it will do about as well this yvear. The pol of paying occasional extra dividends is precisely that pursued in the Corn Products case, and the thought Is that the parallel will be continued until it results in a similar capital split-up. Railrond Sharex Active. Tw 3 T came in for con siderably more attention The buy ing of the orthwestern group— Northern Pacific, Great Northern pre- ferred, the St auls and Chicago and Northwestern—was connected with the grain movement, which has already set in, and the prediction: that the whole freight traffic in that section will experience a very remunerative Autumn. Southern Railwa after a long pe- riod of comparative inactivity, demand again, and so was § Air Line preferr . Louis and San Francisco prefered. in expectation that the new financial plan will call for the payment of the full 6 per cent dividend, crossed 60. Texas and Pa- cific_continued to be bought around top figures. Coppers Again Advance. The advance kept on in the cop- pers and in all other issues which are interested in the recent improvement in the copper and silver markets. With American Smelting above 71 the possibility of an increase from the present 5 per cent dividend was being seriously discussed. Cerro do Pasco across 48 was within a point of the vear’s high. American Metals was again unusually active at somewhat higher prices. Consolidated Gas ut a new high record was the feature of the public utilities. United States Realty moved The stock R more into line with what it seemed | entitled to sell for on the strength of its 8 per cent dividend and 16 per cent earnings. Further buying oc- curred in the sugars. The equipment stocks were strong under the leader. ship of Baldwin Locomgtive, Railw Steel Spring and General American Tank Car. Merger Talk Helps Rails. Recent buying of Missouri Pacific stocks has been based partly upon erger prospects and partly upon improved earnings. The report has persisted that both Missouri Pacific and Texas Pacific will go into a great new southwestern system. Missouri Pacific’s earnings are up materially from a year ago, owing to lower operating expenses chiefl Gross for the first six months in- creased nearly 6 per cent, while net increased 9.36 per cent over 1923, but in the calendar year 1923 the road barely more thang earned fixed charges. At the present rate Missouri Pacific is earning over 6 per cent on the preferred. Northern Pacific Higher. The advance in Northern Pacific was carried further, the stock being bought on the attractiveness of i return now that the 5 per cent di dend may be regarded as reasonably safe. In 1923 the dividend was earned but with only a slight margin over. This year, however, the mainte- nance ratio has dropped from over 40 per cent to 38 per cent, and a further shrinkage is looked for. This would indicate %a balance close to $8 for the stock,swhich may be in- creased if the situation in the North- west improves. Striking Trade Figures. Further light was thrown upon the recent advance in Sterling ex- change by the foreign trade figures out today. For the first time in more than a year exports of mer- chandise in Jaly fell below imports. The import balance was small— amounting to only $400,000—still it represented a recession in our for- eign trade credits which has been Eoing on since the first of the year. The comparison between the July import excess and the export bal- ances last December of $138,360,000 is striking. MARKET CLOSES STRONG. New Points of Strength Crop Out in Final Trading. By the Associated Press. NEW YORK, August 15.—Stock prices resumed their upward move- ment today under the stimulus of pool operations and higher commodity prices. Industrials led the advance, but heavy accumulation also was ap- parent in Southern Railway and 4 Frisco preferred. Sales approximated 1,050,000 shares. The closing was strong. New points of strength developed in the late aft- ernoon trading, Rutland preferred ris- ing 6 points, National Lead 4%, Mack Truck 3%, and Southern Rallway 2%. U. 8. Steel common touched 109, Markets at a Glance NEW YORK—Stocks strong; heavy accumulation of Southern Rallway. Bonds steady; railroad and rall issues active. Foreign exchanges firm; sterling and francs higher. Cotton weak; increased crop estimates. Sugar quiet and irregular. Coffee lower; disappointing cables. CHICAGO—Wheat higher; export buying. Corn strong; continued un- favorable weather. Cattle steady to lower. Hogs.firm; good demand. COTTON EXPORTS HEAVY. 433,944 Bales Shipped Through Norfolk, Va., in ¥ear. NORFOLK, Va., August 15.—Nearly 349,000,000 worth of cotton, 433,944 Dbales, was shipped through this port for the 1923-24 season just ended, it was announced yesterday. The fig- ures set a new high record for the port. They, also show that for the first time more cotton was sent from Nor- folk to Germary than to Liverpool,’ for many years chief buyer of the commodity " sent from this section. Russis also received 9,821 bal through local ' shipments, the first in three years. The big increase in shipments was due to the unusually p big erop in North Carolina. A Open. High. Low. Close. Adv. Rumley... - 114 AdvRumpf (3). 384 Alr Reduct (4) 8 Ajax Rubber.... 9% Alaska Juneau... 1 Aliied Chem (4Y.. 5% Allied Chm pf (7). 116% Allis-Chalm (4).. 57 Am Agricul Chnf. 14% Am Bank N (5). 133 Am Bosch....... 2T AmBrS&F (b). 83% Am Can (16). 1264 Am Canpt (7).. 115% Am Car & Fy(12). Am Chain A (2).. Am Drug Synd. . Am Express (¢é) . Am & F P 25%(7) Am Hide & Lei Am Hide & L pt AmTce (7;.. Am Ice pf (6). Am Tnternat . AmLa Fpf (7)., Am Locomo (6). Am Metal (3)... Am Radiator (4) Am Republics. Am Ship & Com. AmSm & Re (5). AmS&Ropt (7). Am Stl Fdys (3). Am Sugar..... Am Sugar pf (7). Am Sumat Tob. Am T & Tel (3) Am Tobac (12) Am Tob B (12) Am Water Wks. Am Woolen (71 Am Wool pt (7). Am Zinc Am Zine pf.. Anaconda. ... Ann Arbor.pf Asso Dry G (5).. Asso Ol (1%) . AtT &S Fo (6) AT&SF ot (5) Atl Birm & Ate.. Atl Coast L (18). AtGult & W Ipt Atlantic Refin. . Austin-Nichols. . . Bald Loco (7)... Bal & Ohlo (5). Barnsdall A Barnsdail B..... B'ch Nut (2.40) .. Beth Steel Britis Em Stl 1st. Brk £disou () Br'k-Man Tran Br Man T pf (6). BrklynUnG (4 Brown Shoe (4).. Burns BrB (2).. Butte C & Zinc Butte&Superior Cal Packing (8). Cal Pet (1%)... Callahan Z Lead. Calu & Ariz (2).. Calumet & H 50c. Can Pacific (10) . Cent Leather Co. 15% Cent Lea Coof... 62% CRR,NJ (112). 250 Cerrode Pasco(4) 48 Certain-Td Prod. 29 Chand Mot (6) 48% Ches & Ohlo (4).. 88% Ch&Opf (6%).. Chic & EastIIl.... Ch & East Il pt Chic Gt West. Ch Mil & St Paul Ch Mil & St. P pf. Chi & Nwn (4). ChicR1&Pac... CRI&PDI(E).. CRI&PDL(T). Ch StP Min & O Chile Cop (23%4) Chino Copper. . Coca-Cola (7).... Colo Fuel & Iron. Colo Southern 38% 82 115 28% 105% 92 2% 135 19% 85% 28% 122% 69% 47 24% 5% 17% 86% 22% 4 53% 18 151% {ColG & E (2.50). . Col Carbon (4) Com Solv A (4) Congoleum (3)... Consol Cigar-. ... Consol Gas (5). Consol Textile. Cont Can (4). Corn Products. .. Corn PrRpf (7). Coaden Co....... Crucible St1 (4) .. Cub Am Sug (3).. Cuban Cane Sug. Cub Cane Su pt. Cuyamel Fr (4).. Dan! Boone M (3) Davidson Chem. . Del & Hud (9) . DelL&W (6)... 138% Dome Mines (2).. 15% 12 39% 9 10 1 76% 116% 57T 14% 133 27h 85% 129% 116% 173 1% 38% 78 9% 3 75 116 57 14% 183 27% 83% 126% 110% 172 28% 4% 119% 116 12% 63% 90% 81% 26% 98% 79% 46% 118% 40 11% 70% & 104% DuPtde N (8)... 129% 130% 1o 12% 68% 12% 63 30% 41% 41% 22 3 9% Eastmar. (16%). Eaton Ax (1.60).. El Stor Bat (4) Elk Horn Coal. End-Jobn (5) Eni Erie 2d pf. Exch Buffet (2).. Fairbanks Co. ... Fairbanks (2.60). Famous P1 (8). FAdM&Spt (). Fid Phe F In (6). 137% Fisk Rubber. ' Fisk Rubpf A. Fleischman (3%). Foundation (6).. Foundation rts. Freeport-Tex: Gen Am T C (3).. Gen Asphalt...... 46% Gen Asphpt (5). 84k Gen Baking (6) . . 125 Gen Cigar (8)... 87% General Elec (8).. 270% Gen Elepe (60c). 11% Gen Mot (1.20)... 14% Gen Mot pt (6).. 87 Gen Mot db (6).. 86% Gen Petm (2)..... 41 Gen Refrac (2)... 85 Gimbel Bros. 53% Gold Dust 0 Goodrich. ... e0n Goodrich pf (7).. 79% Goodyear pf. . 56% Granby Coneol... 18% Gt North pt (5).. 66 Gr Nor Ore (3)... 30% Grt Wstn Su (8). 89 GrCananCop.... 17% 6% Guif Mo & Nor... 20 GuMo&Npf (5) 68 Gulif St §t1.(6). kK Hartman Co (4).. Hayes Wh'l (3) Househ'd Pr (3). . Houston Ofl. . Hud Mot C (3). Hupp Mot C (1). . Hydraulic Steel. . Iilinote Cent (7). 11% Indiahoma Ref... . % Inland Stl (3%).. 3% Inspiretion Cop.. 27% Interb Rap Tr 81 Internat Ag new. 5% Int Bus Ma (8).., 1024 Int Com Eng (2)." 26% Internat Har(8). 943 Inter Har pf (7). 110 Int Mer Marine.. 10% Int Mer Marpf... 39% Intérnat Nickel 18% Internat Paper... 54 IntRysof CA.... 18 IntT&T (6). 1% Invincible Oil. 1% Jones Bros Tea... 22% Jones & Lau (7). 111% Jordan Mot (3)..., 20 Kan City South... 22 Kayser Jul&Co.. 19% Kayser pf (8).... Kelly Spr Tire Kelly Springfd pf. Kenne Cop (%) Keystone T & R Kinney G R Co.... Kresge 88 (3). Kresge Dept Stor. 53% Kresge D 8 pf (8). 95% Laclede Gas (7).. 98% Lee Rub & Tire... 10% Leh Val (3%4).... 53% Lig & Myrs (3).. 61 Lig& Myrs B (3). 60% 110% 12% 58% 12 66 30% 41% 41% 22 3 20% 84% 50% 188% 8% 58 69 86% 1% 9 46% 4% 85 125 87% 274 1% 14% 87 87 ay 35 53% 40 23% 9% 563 19% 1% 81 89 17% 6% 20% 36k 46 90% 8% 127% 160% 147% 109% 6% 84% 21% 31 6% 102% 26% 4% 110 10% 88% 18% 54 13 1% 1%, 20% 111% 30 12 39 8% % 1 76% 116 51% 14% 133 27n 85 129% 115% 173 28% 4% 120 115 12% 63% 90% 81% 26% 9% 0 46% 114% 40 11% 72 104% H% 46% 90% B4 127% 150% W% 110% T4 101% 8lh 31% 39 33% 95% 110 10% 29 19% 54ss 18% % 12% 20% 1ry 80% 0 Open. High. Low. Close. 62 62 61w 614 16% 16% 16k 16% 68% 69% 68% 69 88% 38% 38 38 100 101% 100 101% 106 108 106 106 15% 15% 16% 15% 98 103 98 103 102 102% 102 102% 36% 36% 36% 36% 23% 23% 234 23% 47% 48 4T% 45% 456% 28% 29% 23 4% B0% 10 33 39 52 12% 90% 21% 21% 24% Lima Loco (4)... Loews Inc (2). Loose-Wiles Bis. Lorrillard (3). Louls & N'sh (8) McCrory pf (7)... Mcintyre (76c).. Mack Trucks (6). Mack T 18t (7)... Magma Copper. Mallinson & Co. .. Man El modgtd 4 Man El Sup «4).. Maracaibo Oil. Market St Ry pf Mkt St Ry pr pf. Marland Oil. . Marlin Rockwell. Martin Parry (3) Mathieson Alkali Maxwell Mot A.. Maxwell Mot B. War Dot St (5). . Mex Seaboard(2) MexSeabd ctfs(2) MiamiCop (2)... Miadle StOfl. ... MidI'd Prod pf(8) Minn & St Louls. . MStP&SteLL(4) Mis Kan & Tex. .\ e K & Tex pf Missourl Pacific. Missour! Pacpf. . Mont Power (4). Montgom Ward. . Mother Lode 75c. Munsingw'r (3) Nash Mot (181 Nash & Chat (7). Nat Acme. t Riscult (3). . Nat Dairy (3). Nat Lead (%) . Nat Re.M 2d pf. . Nat Supply (3) .. Nev Cons Cop. NewO. T&M 12 N Y & Harlm ¢5) *N Y & Har (5). N Y Air Br (&) NYABrA .. N Y Canners (2). N Y Central (T) N YC&StL (6) . Ny CAStL pf (6). NY NH & Fart. N Y Ont & West Norfolk South Norf & W (18 North Aneer (2 North Am pf (3). North Pac (5).. Oh F Sup (2%) Okla Pr & Ref Ontario Mining. . Orphenm (1%). . Otis Flev (n) (4). 0'is Elev pf (6).. Otis Steel . Otis Steel pf.. Owens Bot (3). PacG&E (). Pacific Ol (2). Packard (1.20 Pan Amer (4). . Pan Amer B (41 Parish & B stpd Park & Tilford PennC&C (4).. Penn Rallrd (3) Penn Seab Steel Pere Marq (4). .. Pere Mar pf (5) .. Pere Mprpt (5). Fhila& R&T.... Phillips Pet (2).. Phillips Pet rts. Pierce-Arrow. . .. Plerce-Arrow pf. Pierce Ofl........ Plerce Oil pf. Pitis Toal (4. Pitts Ut pf $1.20. Pitts & Wery Va. P& W Vapt (6). Postum Cer (4).. Steel Car. Steel C pf. PubSer NJ (4).. Public Serv rts. Pub S El Po(7)pt. Pullman Co (8). Punta Al Su (5) Pure Oil (1%) Ry Stl Spg (5). Ray Cons Cop. Reading (4). Readingrts...... Remington Type. Replogle Steel. .. Rep Ir & Steel Reynolds 3p (1). Rey Tob B (3).... Rossia Ins A (6) . Roy D'tch (3.46) Rutland pf. B St Josepn Ed (2). StLSanFran... St L-San Frpf. St L Southwest. . St L S'th pf (5) Savage Arms. Schulte (8) . Seaboard Alr 45% Seneca Copper Shattuck-Aris Shell Un OIl (1). Shell Un pf (6) ... Sinclair Oil Skelly Oil... . . Sloss-Sheft (6). South Pac (6) . So P Rico 8u (6) Southern Ry (! South Ry uf (6).. 3td Gas & E1 ). StoliCal (2).... 57% StOINJ (). 345 StOil NJpf (7).. 118% Std Plate GI(76c) 80% Std Plate G pf(7). 88 Sterling Pr (4)... 61% Stewart-War (§) 51% Stromberg C (8). 63% Srudebaker (4).. 87% Submarine Boat.. 9% Superior Ofl...... 6 8% Tenn C & Ch TexasCo (3).... 40% Tex Gult (16%). 7% Texas & Pacific. . agu % 16% 96 16% 18% 67% 96% T4 64% 5% 36 35% 9 Tex & PacC &O. Timken (13%)... 35% Tob Prod (6) 4% Tob Prod A (). 91% Transcont Oil. . 5 Underood (3).. 89 On Pacific (10)... 143% Un Tank Car (5). 118% Utd Alloy Steel... 24 Utd Cigar Stores. 53% Utd Fruit (10)... 216 Utd Ry Invest.... .19 Utd Ry Investpt. 47% U’'SCastIron P.. 974 U 8 Distributing. 29% U8 Hoff Mach... 21 U Sind Alcohol.. 72% USR&Im ($)... 97% USR&IDE(T).. 104% U 8 Rubber. 32% USR 16t pf & 86% US Smelting. 31 US Steel (16) 1075 Universal Pipe... 14% Utah Securities.. 28% 23% Vanadrum Corp. Va-Caro Ch pt. % 16% 45 16% 5% 64% 9% 5 384 143% 118% 24 53% 216 19 4% 96% 29 21 2% 974 1043 82 86% 31 107% 14% 28% 25% 5% 16% I 15% 13% 21 22 114% 63% 0 14% 254 58% 1% 7 8% 68% 110 27% 4 70 20% 23% 5% 16% 45% 15% 13% 21% 22% 115% 63% 80 1% 26% €0 1% 7 84 €9% 112w 28% 42 7 Web & Hellb (1). West Maryland.. 13% West Mary 2d pf. 21 Western Paclfic.. 22 West Un Tel (7). 114% West E& M (4).. 63% WE1stpf (4). 80 Wheel& LEris.. 14% Wheel & LErpt. 25% | White Mot (4)... 88% Wickwire Sp8tl.. 1% Wilson & Co. . 7 Willys-Overland. 8% 68% 111% Willys-Over pt Woolworth a ‘Worthingn Pump. 27% WrigWJr3)... 41 Youngst 8&T (6). 70 *0dd lots, Part] ble Dividead raten s siven " e abore "Lasts B o B e Unless ~ otherwise or special a2 70 noted,” extra @ividends are st lacluded. Hummingbirds rid the flowers of small beetles, ants and flies. BOND QUOTATIONS AGANHOLD FRW Rails in Demand—Southern Near Migh of Year—In- dustrials Gain. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, August 15.—Bonds continued firm today, with especial strength in the middle and second grades. Such issues as St. Louis- San Francisco prior lien A 4s, South- rn Railway general 4s, and, among utilities, Commonwealth Power 68 were in demand. The St. Louis-San Francisco bonds approached within a fraction of their high of the yvear. Even here, h ever, the vield is over 6 per cent. Southern Railway general 4s also neared the high point of the year with 2 yield of ubout 5% per cent. Com- monwealth Tower 6s passed their best previous price, above 97. It is bonds of this class returning from 51 to 6% per cent which are grad- ually becoming harder to buy. Other Railx Stronx. Other railroad bonds in favor today included Whee{ing and Lake lirie 43 which equalled their high for the year, M. K. and T. adjustments above 63, and St. Louis, San Krancisco in- come 65 and adjustments 6s. Nea- board bonds were also stromg. ‘Fhe entire St. Paul list was firm and slightly higher. In industrials Eastern Cuba sugar went up in sympathy with Cuba Cane preferred stock. Magma Cop- per 7s crossed 118, a record for tnis year. Pierce Arrow 8s were active around the new high established Thursday. Liberty Honds Quiet. Changes in the high-grade list and in United States Government bonds were unimportant Among the foreign Bolivia 88 had a setback. An addi- tional block of this issue was sold by the bankers Thursday. Brazil is- sues dragged following new reports of political disorders. The Krench group marked time pending the news from London. Among the day's new offerings were $2,100,000 New York Central ectric Corporation first mortgage, to yield 5.7 per cent issues the JULY EXPORTS EXCEEDED IMPORTS, REPORT SHOWS Merchandise exports from the United tates during July were valued at 000,000, against $302,186,027 for July, 1923, the Commerce Department announced today. Imports were valued at $278,400,000, against $287, 433,769 for July, 1923 xports in July, 1923, were $1 258 in excess of imports, while month imports exceeded exports $400,000. Imports of gold last month were valued at $18,834,423, against $27,929, 447 for July, 1923. Gold exports totaled $327,178, against $522,826 for the same month a yvear ago. ilver imports for July were $7,12 , against $10,066,463 for July, 19 while exports were $9,190,362, agains $6,233,163. last by FINANCIAL NOTES. The Skelly Oil Company is re- ported to have concluded arrange- ments for additional financing, which will increase net working capital to over $7,000,000. The re-entrance of German dye and chemical concerns into competition with American companies looms as a possibility with the virtual settle- ment of the reparations problem. Stockholders of the Centrifugal Cast Iron Pipe Company have ap- proved the dissolution of the com- pany. Each of the 141,980 shares of common stock will be exchanged for two shares of the newly formed Dela- ware company, the Centrifugal Pipe rporation. HE@SEENM LEATHER. NEW YORK, August 15.—Hiram S. Brown has been elected president of the Central Leather Company to suc- ceed George W. Childs, who has re- signed. During the past vear Mr. Brown has been associated with San- derson & Porto, engineers, and has studicd the leather industry exten- sively. R FIRST WHEAT ARRIVES. WOODSTOCK, Ontario, August 15.— The first of Ontario’s 1924 wheat has been received at the local mills, and is selling for $1.25 a bushel. Oat cut- ting now is in full swing throughout southwestern Ontario, where a record crop is being harvested. - SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) o Bid. Offer. . 10314 107% 1001, 114% 1035 1029 101 YO 033, 093 1001 Aluminum Co. of Amer. 7s 1: Aluminum Co, of Ame: American Sugar 6s 1937 American Tel. & Tel. Anaconda Copper 61929 Anglo-American Oil 7%s 1925. Associated Oil 6s 1935. Bell Tel. of Central Leather Chi., Mil, & St. Paul 6s 1934 Chi., K. I & Pacific 5les 19 Columbia Gas & El. 1st 1931 . 6s Fisher Body Corp s 1927 Fisher Body Corp. Gs 1 ulf Oil Corp. of Pa. 5ls Humble Oil 548 1932 Kennecott Copper 7s 1830. M., St.P. &8, 8. M. 6 Morris & Co. 7%s 1980, New York Central 6s 1935. Oregon Short Line 4s 1929, . R. R. 1930. 1 Swift & Co. 5s 1 Tidewater Ol 64y 108 Union Tank Car T U. 8. Rubber 7 ‘Western Union s 1! ‘Westinghouse E. & Wheeling Steel Gs 101 —_— TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) 5345 Sept smber iy 15, 1 4%s March 15, 1925, 418 June 15, 1925. 45 December 15, 4%s Mareh 15, 1026, 43s Beptember 15, 93 43)s March 15, 1927. 43s December 15, 1 Pe. Pay- riod. Rate. T 30c Corporation abie. Gen Moto! Se) Gen Moto: Gen Motors Oxlivie Fiour pf.. Southern Pacific. Union Pac R R.. Union Pac R R United Pr Sh pf U 8 Gypsum. U 8 Gypsum U 8 Gypsum 15 JOTOTA TN - raw wool market continued its spotty course today, some dealers making substantial sales and others doing little, Prices are firm and still rising slowly. Western growers are holding the small remainder of their 1934 eMps for higher prices. [orwe v BONDS o ] Received by Private Wire Direct te The Star Office.’ (Bales are ia §1,000.) UNITED STATES BONDS. (Fractions represent thirty - secondu. Example; 98-3 means 98 3-32.) Sales. High. Low. Close. . 874 101-1 100-31 101 1 102-13 102-13 102-13 1 101=15 101-16 101=15 61 102-21 102-18 10218 350 101-20 101-18 101-19 Lib3d 4%s... 84 102-18 10216 102-17 Lib 4th 4345, .. 493 102-27 102-24 102-26 US4%s1952.. 66 105-31 105-29 105-31 FOREIGN. Sales. Bigh, Argentine bs . b Bl% Argentine 65°37... 82 94 Argentine 7s . 21024 Austria 7s. . 26 974 Belgium 6s. .15 101 Belglum 74%s 19 110% Belgium 8s. 12 107% Berne 85 . 15 111% Bolivia 8s. .. 93 Bordeaux 6 89% Brazil 7s. sl Brazil 8s. . 98 Canada 5s 1952... 78 108 Canada 5%s1929.. 6 104 Chile 75 1943. 98% Chlle 85 1926. . 103% Chile 85 1941. 105% Chilc 881946...... 2 106% Copenhagen §%s. . 95% Cuba 5%s. .. 96% Czecho 85 1951 101 €zecho 85 1952 ct. 100% Danish Munic 8s A. 1 109 Danish Munic 8s B, 5 10a% Denmark 6s....... 81 100 Denmark 8s. ees 6 Dutch E15%s.... 118 DEIb%sct...... Dutch East I 6547 Dutch ast I 6562 El Salvador 8s '48. Finland s f 65 1945, Framerican 7%s.. French Govt 7is.. 7 French Govt 8s. ... Haliti 6s. Hungary J Italy 6%s 1926 Japanese 4s. . Japanese 1st 43s. Japanese 2d 4%s.. 2 Japanese 633s.....175 Jergens U M 6s°47. 11 Lyons6s.......... 12 Marseille 6s....... 8 Mexico 5s assented 11 Netheriands 68 ‘54.109 Netherlands 6s'72. 82 Norway 6s 1943. Norway 6s 1952 Norway 85........ Orlent Dev deb 6s.. Paris-Ly's-Med 6s. Porto Algere 8s... Prague 7T%s. Queensland 6s. Queensland 7s. Rio de Jan $s 1946. Rio de Jan 85 1947. Rio Gr Do Sul 88 Sao Paulo City 8s.. Sao Paulo State $3. Seine Dept. o : Serbs Crotes Slo 8s Soissous 6 Sweden 6s. . ... Swiss 5%s 1946 Swiss Confed 8 Tokio 5s. . i Ud Kingm 5%s '29.102 Ud Kingm 5%s'37. 59 Ud Steam Copen 63 1 Uruguay 8s .. 4106 105% Zurich 8s. . 12 111% MISCELLANEOUS. 92% 92% 93% 93% 95 95 92 92 95 94% 101% 300% Lib 3%s Lib 1st Lib 2d 48 .o Lib 1st 4%s... Lib 2d 4% - Low. Close. 81% 81% 98% 94 102% 102% 96% 97% 100% 101 110 110 107% 107% 111% 11 1% 92% B9% B9% 83% B4% 28 27 102% 108 104 98 103% 105% 105% 95% 6% w1 100% 109 90% Y6% 96% 101% 29% 96%3 103% 107% 90 89 100% 82% 974 9% Y204 814 B9% 89% 33 99% 100 1% #T% 112% T4 82% 93 92% 102% 109 96% % 974 97'a 9y 96 874 E8 874 %% 104 ¢ 104 974 97% us 17 65 65 111% 111% 105 105 92 92 Y6'3 n7 65 [YIE 105% 92 4 20 Am Agr Chem 7 Am Chain s £ 6s Am Repub deb 6s.. Am SmIt&R 1st 5s. 23 Am Sug ref 6s..... 21 AmT& Tecl tr ds..125 Am T&T cltrbs... 59 Am T & T deb 6%s. 56 AmT& Teves.... 2 Am Water Wks 5s. 15 Anaconda 1st 6s... 54 Anaconda cv db 7s.145 Armour & Co 4%s. 22 Armour of Del 538 26 Associated Oil 6s. . Atlantic Refin 5s. . Bell Tel Pabs..... Beth Steel pm 5s.. Beth Steel rf 55 Beth Steel 5%5 Beth Steel s£6s... Brier H St 1st 5%s. Bklyn Ed gen 6s... Bklyn Edison 78 D. Bush T Bldg 5s '60. Calif Pete 6%S.... Central Leather 55 Chile Copper 6s. CinG & E5%s'62 Col Gas & E1 5 Col Gas & El bs sta Commonwth P 6s. . Con Coal Md 1st 5s. Consumers Pow 5s. Cuba Cane cv 7s ‘30 Cuba Cane cv d 8s. Cuban-Am Sug 8s.. Denver Gas.5s. Dery (PG) Ts..... Du Pontde N T%s. Duquesne Light 6s Est Cuba Sug 7%s. Empire GEF 7%s. Fisk Rubber 8s. Francis Sug 7%s. . Gen Elec deb 58. Goodrich 6%8. Goodyear 83 1931. Goodyear 8s 1941. Hershey 6s 1942. Humble O&R 5%s. Illinois Bell 1st 55. Illinois Steel 4%s. Indiana Steel 5s. Int Mer Marine 6s. Inter Paper 58°47. . KCP &Lt5sA'52 Kan G & El 68'52.. Keyser (J) s. . Kelly-Spring 8s... Liggett & Myrs 7s. Lackawa S 55°50.. Lorillard (P) 78... Magma Cop cv 7s.. Manati Sus st 7%s. Midvale Steel 5s. .. Montana Power 58. Mor's&Co 1st 4%5. New Eng Tel 5s.. N Y Eden 1st 6%s. NY Tel 4%s. N Y Tel 68’41 N Y Tel 68’49 z North Am Ed 6s. .. North Am Ed 6%s. Nor Ohio T&L 6s. . Nor States Pow 5s. Nor States Pow 6s. Northwst B Tel 7s. Otis Stecl 7%s. ... Pacific Gas & E1 5s. Pac Tel & Tel 5s. ... Pacific T & T 55°'562 People’s Gas 5s. Phila Co 5%s'38 Phila. Coref 6sA.. Plerce-Arrow 8s. Public Service 5s. . Pub Serv Elec 6 Punta Alegre 7s. Sharon Stl H 8s. Sinclair Oll 6% Sinclair Oil 7s. ... Sin Crude Oil 6%s. Sin Crude Oil 6s. .. Sin Pipe Line 5s. .. South Bell Tel 5s. . Southwest Bell 5s. Steel & Tube 7s. Tenn Elec Pow 6s.. Tide Wat Oi) 6%s.. Toledo Edp 1st 7s.. 1 Union Bag & P 6s. Unit Drug cv 8s... U S Rub 1st rf 5s U SSteel sf5s.. Utah Pow & Lt 68. Va-Car Chem 7 ‘Warner Sug 7s'39. 38 ‘Warner Sug 7s’41. 10 ‘Western Elec 6s. . .105 ‘West'n Union 6%s. 2 ‘Westinghouse 78. . PRy OB RoRaa~ ao o= o awamrNaISPe ® " PREOUOmaNAGS o afo == e e Qokea 864 9% 98% 9634 106 97% 103% 108% 95 115 844 104% 1% 621 90% 102% 98% 110% 108% 6% 98 89% 53 58% 58% b58% 101% 101% 101% % 96 96 26 1 f | 27 110% 108% 5% 98 89% Wilson & Co cv s, 83 Wilson&C cv 7% Winchester A 7%s. Youngstn S & T 6s. 17 RAILROADS l-ul-. I:xzn. Atchison gen 4s. 89:2 AtlanticCLcl 4s 86 Atlantic C L 1st 4 89% 100% 86% 89% 85% 103 101 834 100 6r%y K24 88% 115% 116% 81 102% 99% Bklyn-Manhat 6s, Buff R & Pitt 4% Canad North 635 Canada North 7s. Canad Pac deb 4s. “ar Clinch & O 6s. nt of Ga 545 Central Pacifi Ches & Ohio cv 5s. . Chi & Alton 33s. *hi B&Q gn 4858, 1 B&Q 1st rf 55, Chi& E 1l gn 58, Chi Great West 45. 5 1& Puget Sd 4s. 29 Chi M & St P 45°25.340 CM&StPabds... 120 Chi M&St P ev 4%s119 >M & St P gn 4%, | M&SLP rf 4145, Chi M & St P cv bs. ChiM & St P 6s. Chi & N W ref 5s., Chi& N W 6%s. Chi Rys 5s. . ChiRI& Prf4s. Chi & W Ind cn 4s. Chi & W Ind Ti4s CCC& St Lbs. SCC & SUL rf 65 ve Term §s. ve Term 5%, 10 & So1 4%, uba R R Gs. 110 185 81% 78% 103% 95% 103% 100 104% 88% 84y 1% 90% 43% 91 2% 64% 65% 70% 109 Del & Hudson 5%s D & Rio G imp 55 D & 1 G 18t rf 5y Det United 4128 Srie Ist con 4s. Sric gen 4s. ... Erte conv 48 B. ie conv 4s D. ie con ext 7s. . Erie & Jersey 6s.. Erie Genessee R s Gr Trunk sf db 6s.. Grand Trunk 7s Great North 5s. . Gr North gen 5%s. Gr North gen 7s cen B & W db B. Hud & Man ref 6s.. Hud & Man aj bs. . 111 Central 53%s. Int Rap Tran 658 Int Rap Tr 58 stpd. Int Rap Tran 6s Int Rap Tran 7s Int & G Nor Ist 6s.. Int & G Nor aj 6s. Kan City Ft S4s... Kansas City S 3s. Kansas City S5s.. 99% 106% 115% 933 101% 109% 10% 87 67% 103 69% 681 69% 1% £9% 654y, 80% Ti% 88t 98% 84 92 108% 07% Lake Shore 45 '28. . Long Island rf 4s Louis & N unt 4s Louis & N 53 B Louis & Nash Manhat Ry cn 4s. Market St Ry 7s. M& M StP K K K K M M M Y Mo Pacific gn 48, Mo Pacific 55 '65 Montrl Tm 1s Nassau ERy 4s'57 5 NewOr Term 4s... 10 )Tex & M inbs. & VY Centgen3s. 4 NV Y Centdeb4s... 18 ..134 46 60% 81 92% 77 93% 99% 108% 93% 95% 7% 86Y% 854 655% 43% 5% 5% 64% 541 904 1254 604 964 106% 10135 T 98 82% 94% 102% 110% 109% T4 93% 82% 92% 83% 1% £6% 80% T4% 102% 81% 86 101 b7% 63% 83% 8 86 89 75 100% 102% 107 60 b4y 99% 92 86 100 . 44 New Havencd 6s.. 17 New Haven 7s. - 45 New Haven 7s fr.. 175 NYOnt& Wref4s 8 NYRyrf4sctfs.. 18 New York Ry aj 5s. N Y Rysadj5sct.. N Y State Ry 4%s. NY W & Bos 4%s. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3s. Northern Pac 55 D Northern Pacri 6s Ore & Calif 1st 6s. . Ore Short L ref 4 Ore-Wash 1st rf 48 Pennsyl gen 4%s Pennsyl gen 5s. Pennsyl 6%s. Pennsyl gold 7s. Pere Marq 1st 5s. Reacing gn 4%s... RIATk &L 4%s... 10 StLIM&S 48°29... 62 St L IM&S R&G 4s. 21 StL&SF pl 4s A..259 StL&SFprinbs. 8 StL&SF adj6s... 74 StL & SF inc 6s...159 StL&SFplésC.. 8 St LS W 1st 4s. 25 St LS W con 4s°32. 39 St P Un Dep 5% 4 Seab'd A Liref 4s.. 111 Seab'd A L adj 6s.. 37 Seab'd A Licon 6s.. 17 Sou Pacific 48°29.. 12 Sou Pacific ctl 4 Sou Pacific ref 4s Southern Ry gn 4 Southern Ry 1st 55 Southern Ry 6s ct.. Southern Ry 6%s. . Third Ave ret 4s. .. Third Ave adj 5s. . . Tol St L& W 3%s.. Union Pac 1st 4s... Union Pac 1st rf 4s Union Pac 48°27... 1254% 6044 9614 106% 101% 97% 93% 1024 110% 109% 96% 83 5244 924 83% 1% 6% 807 744 102% i Bl 8 101 57% 625 83% 1% €6 83 75 100% 1025% 106% 60 544 99% 92 6 $7% ¥d% 8 4% 100% 1025 106% 60 5% 99% 92 86% 10i% |y 82% | Lettuc: FINANC PRICES COLLAPSE | INCOTTON MARKET Publication of Private Crop Estimate Cause of 82- Point Break. By the Associated Prexs, NEW YORK, August 15.—Cotton prices collapsed this afternoon after | publication of a crop estimate of 13,300,000 by an internationally known spot and commission house, or approximately a million bales more than the Government report as of August 1. October sold off tz 26.82, or 83 points below yesterday's close, and the entire market was finally easy at a net loss of 77 to 82 points. Cotton futures closed easy. High. L2174 27.06 26,88 October .. December” . May Opening: 5 : January, 26.70; March, 26.95; May, 27.05. New Orleans Quotation NEW ORLEANS, August 15.—The cotton market today opened easier on lower Liverpool cables and re- ports of rain in Oklahoma ind the Texas Panhandle. First trades showed losses of 20 to 25 points and soon after the opening call October traded down to 26.47 and December to 26.48, or 32 to 33 points below yesterday's close. Liverpool explained the d cline there as_ due to increasing| hedge selling. A prominent authority reported the condition of the crop for the half month at 65.8 per cent of normal and the indicated yield 12,450,000 bales. Cotton futures cloxed steady at pet declines of 68 10 76 points. igh. December, 26.60; Opening: October, 26.55 oy 26.82; May, 26.67, January, 26.39, bid; March, bid. CHICAGO GRAIN PRICES. CHICAGO, August 15.—Corn quick- Iy advanced today to new high price records for the season. Unfavorable weather conditions, together with | Minneapolis reports that it was prob- able only a small amount of corn in the North would mature, were largely responsible. The outlook for the crop as a whole tended also to re- strict selling. and the market ascend- | ed at once when buyers took hold in| earnest. Opening prices, which | ranged from 1, off to % up, Decem- ber, 110% to 1.103%, were followed by | gains of about 2 cents‘all around. Wheat prices borrowed strength | from corn. At first, however, the wheat market was inclined to sag, | owing more or less to warmer tem- | peratures in the Canadian North- west. After opening unchanged to % up, September, 1.27% to 1.28, and December, 1.21% tp 1.31%, pri un- derwent something of a setback, but then scored decided general gains. Oats ‘were firmer, sympathizing with other cereals. Starting at % lower to % advance, December, 53 to 53%, oats later took a moderate | upward swing. Provisions lacked support. WHEAT— Open. H I [ in | better IA TRADING IS LIVELYCS - ON LOCAL BOARD Utilities Feature Busiest DayV on Exchange in Several Weeks—Notes. Brisk trading in utilities on the Washington Exchange provided one of the liveliest markets in weeks to- a: Wwith prices remaining strong Capital Traction led the list stocks moving 391 shares at prices from 93 to 3%, while Washington Railway and Electric 4s featured the » bond side, $12,000 going at prices from 74 to 74 2 Washington Gas 6s moved $100 at 100%, while the $1,000 of the same s0ld after call at the higher price of 101%, and another $1,000 went still higher at 102. Ten' shares of Lanston Monotype went at 78, while Mergenthaler moved in two sales of 20 and 10 shares, 157 and at 57y Half World’s Gold in U. S. The united States has about halt the world's gold supply according to figures of the director of the Mint The latest com as of August 1, showed a to gain of $26,767.662 over July ing April $4 ,304 was added to the gold stock of the United States and since January 1, seven months the stock has been enriched $270,28%.- 040. The present per capita holding or $40.04 compares with $5.02 in 1%.% when the Government resumed special payments. The $1,000.000,000 mark gold holdin here was nirst crossed in_ 1500: the $2,000,000,000 mark in 1915; the $3,000,000,000 mark in 1917, and the $4,000,000.000 mark in 1923. Commenting on thi Mechanics and Metals of New York declare. the matter is that the gold which we imported has poured in upon us s fast that it has given us an excessive banking strength; a strength far be- nd our immediate domestic needs, We now have the power to suppork a credit expansion that is far greater than any banking system ever boast- ed. An excess of credit is a tempta tion to expansion, and expansion that is not controlled leads to inflation.’ of $1 situation, the National Bank “The truth of United Cigar Earningws. United Cigar Stores earnings for the last half year were 10 per ce higher than the corresponding peri last vear, while the Schulte ret. stores gained 17 per cent. Incre: consumption of cigarettes, and sence of price reduction are pointed to as big factors in the gains. Better Inquiry for Goods. “We are at a turning poi in general bus ing to the Brookmire F ice in its latest comment on the situa- tion. “There has developed in the last few weeks a much better general inquiry for goods. The charac this inquiry is cautious and cor t is persistent, and con of a change in public nd @ depletion of stocks Foreign Bonds Hold Up. Moody's Investors’ Service of New York declares the “two powerful fa tors now are the cheapness of money and the reparation settlement. It is {difficult to reason out the far-reach- ing consequences of this settlement. However, the superior strength of ep Octobe R i September ... . i October 0 GRAIN AND PROVISION BALTIMORE, August 15 (Special).— Potatoes, new, barrel, 75a bushel, 60a70. Beans, bushel, 1.25a1.75. Sweet potatoes, barrel, 3.00a8.00. Beets, 100, 3.00a4.00. Cabbage. 100, 6.00a8.00. arrots, 100, 3.00a4.00. Corn, dozen, 20a55. Celery, bunch, 25a50. Cukes. basket, 40a60. Eggplants, basket. 1. al50. Lima beans, bushel. 2.00a! bushel, 50a 1.50a1.75. Peppers, basket, 30a40. Spinach, basket. 1.00al.25. Squash, basket. 50a Tomatoes, basket, 60a 1.00; green, 40a60. Apples, barrel. 1.50a3.50; al.50. Blackberries, quart, 12als. Pincapples, crate, 1.00a3.00. Huckle- berries, quart, 10al5. Plums, basket, 140a65. Peaches, basket, 90a2.00. Mel. ons, 100, 25.00275.00. Cantaloupes. basket, 75al.15. Pears, bushel, 3.25a bushel, 50 Settling Prices on Grain. at—No. 2 red, Winter, 2 red, Winter, 3 red, Winter, spot, garlicky, Sales—Bag lots of nearby sold at a range to 1.15 to 1.28 per bushel; cargo on grade, No. 2 red, Winter, garlicky, at 1.31; No. 3, 1.28; No. 4, 1.24; No. 5, 1.20. Corn—Cob, new, no quotations for yellow; No. 2 corn, spot, no quota- tions; No. no quotations; track corn, yellow, No, 2, 1.32. Sales—Bag lot of white, at wharf, at 1.10 and 1.15 per bushel. Oats—No. 2 old, 63 asked: No. 3 old, 62 asked. Rye—Nearby, spot, 98%. 95a1.05; No. 2 rye, 99% 104% 104% 56 64% 91 82% 3% 65 2% 99% 1043% 104% 96 64% a1 83 65 82% TUMULTY RECEIVER. Will Serve With Ex-Judge in Mid- dle States Oil Case. NEW_YORK, August 15.—Federal Judge Knox today appointed former Federal Judge Julius M. Mayer and Joseph P. Tumulty, former secretary to President Wilson, as receivers for the Middle States Oil Corporation. The appointees will act jointly in two receiverships, one brought sev- eral weeks ago by William Shivers, a minority stockholder, who charged former Gov. Haskell of Oklahoma and other former officers of the cor- poration with dissipating its assets, and another” brought today by credit- ors. The company recently defaulted on its 7 per cent notes. The company, which is a holding corporation, has 26 subsidiaries en- gaged in the oil producing and refin- ing business in the mid-continent field. It is said that the company has only $7,000 in local banks. The company admitted the allegations contained in the creditors’ complaint, stating that when the Shivers action was brought it was felt that a re- ceivership would eventually be nec- essary. Unién Pac 1st rf bs Union Pacific cv 6s. Virginia Ry st 5s. . Western Md 4s.... ‘Western Pacific bs. West Shore 1st 4s ‘Wheel-& L E cn 4s. Wikes-B&E 1st bs. ‘Wisconsin Cent ¢s. 104% 104% 6% 64% a1 83 3% 65 4 824 —_— NEW YORK EGG PRICES. NEW_ YORK, August 15.+Eggs firm. Recelpts, 20,524 cases. Fresh gathered, extra firsts, 35a37; do., firsts, 32a34; do., seconds and poorer, 27%a3l. Pacific Coast whites, firsts to extra firsts, 46; do., firsts to extra 1,!;:;;, 3%a45%4; vefrigerator, frsts, Hay—Receipts, 22 tons. Little de- mand is noted for old hay. New hay arriving in Baltfmore markets is in such irregular condition that it can- not be sold on grade. The better qualities of new stock are selling at 16.00 to 19.00 per ton, according to quality and condition. Straw—No. 1 wheat, new, 12.00a 13.00; No. 1 oat, new, 13.00a14.00. CHICAGO LIVE STOCK MARKET. CHICAGO, August 15 (United States Department of Agriculture).—Hogs— Receipts, 15,000 head; dull; few early sales uneven, mostly 10 to 15 higher; ! heavy butchers show full advance; packing sows and light lights, steady to 15 higher; shipping demand active, packers not buying; top, 10.15; bulk, better, 160 to 340 pound averages, 9.65a10.10; desirable, 140 to 150 pound welght, 9.35a9.50; packing sows, 8.40 28.85; good and cholicé' strong weight killing pigs, 8.7529.00. Cattle—Receipts, 2,000 head; killing quality, generally plain; most steers grassy and short fed kind of value to sell at 9.25 downward; some de- mand for desirable light and handy- weight steers and yearlings; best long yearlings, 10.75; few loads, .10.25a 10.50; rough fat heavies, slow in nai row demand; few loads, most fat cow offerings, stale grassy kind; outlet to killers, dull; weak with' recent sharp downturn; bulls more active; bulk medium and strong- weight bolognas, 4.00a4.25; few, 4.35; lighter and plainer kind, 3.75 down- ward; kinds in_ canner flesh down- ward to 2.76 and below; vealers, un- evenly higher; mostly 25 to 50 up; packers paying upward to 12.50. Sheep—Receipts, 9,000 head; active; fat native lambs, fully 25 higher: sorting, light; westerns, steady bulk native lambs, 13.50214.00; few to bity butchers, 14.15; bulk, rangers, 13.25a 14.00; top, 14.00; sheep, steady: good range ewes, 7.00; talking steady on feeding lambs; no early sales. —_— A million-dollar auto body concern A Peas, bushel, | garlicky, | foreign bonds over domestic issues may continue indefinitely.” Bankers to Aid in Defense. The District of Columbia Bankers take part in promo- tion of plans for the National De- ense day test. A committe appointed by First V Francis G. Addison, of the tion, in the absence of the | Victor B. Devber. to co-operate with other local organizations in the ob- servance of the day £ committee | consists of Howard . chairman John M. Riordon, to represent tne savings banks; l. A. Slaughter, to 1epresent the national banks, Col. Edward A. Stuart, to represent | the State banks. Banker on Vacation. Robert V. Fleming. cashier of Kiggs National Bank has left Washington for a vacation at Atlantic City GRAIN PRICES JUMP TO NEW HIGH MARKS By the Associated Press CHICAGO, August of all grain today s of corn and oats, with July wheat as well, to the highest prices vet thi season. The extreme advance was in May corn, which jumped 6 cents « bushel above vesterday's finish. The buying stampede started in the corn market, and was due chiefly to continued wet and cool weather. high 1y unfavorahje for the growing corn crop at the present stage. The buying soon spread to the oats trade and later was followed by active purchas ing of -wheat. President a - President lor: v delivery DAIRY PRODUCTS. BALTIMORE, August 15 (Special) Live poultry—Spring chickens, 1b., a36; Leghorns, 22a30; old hens, 17a %27; Leghorns, old, 17alS8: old roosters, 15. Ducks, 15al16; spring ducks, 17a 22. Piggons, pair, 20a2 Eggs (loss off) —Native and nearby firsts, dozen offered, 30; bid, 29. Butter—Creamery, good fancy, Ib. 37a39%; int: 39%a41%: nearby ladles, 30a32; store- P‘gce!s butter, 34 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. PAUL, August 15.—Butter prices have been advanced here in consequence of the rise of 1 cent a quart in milk prices. Farmers are being paid 37 cents a pound for but- ter fat and extra creamery butter is selling at 36 cen BOSTON, August 15.—Offcials here of the Pacific Mills state that the $5,000,000 plant at Liman, S, C. merely the beginning of the Southern development of the organization. Every- department will be enlarged. PITTSBURGH August 15.—Whole- sale grocers report refined sugar in good demand and a steady call for coffees and teas and rice. *Flour is quiet, with dealers making price changes based on cash wheat prices. The outgo of canned foods, dried fruits and salt and cured fish is fair. ATLANTA, August 15.—Water- melon growers are receiving better returns, the average price per car for the last week being $225, although some cars of 35-pound melons have netted growers as high as $700. More than 13,000 cars have gone North since the season opened. . DETROIT, August 15.—The supply of sweet cherries grown in Michigan has been insufficient to meet demand for the first time in many years. The general use of the fiv ound pack- age used largely for mailing is said is planning_ to start production at Loulsville, %y to have changed the entire complex- fon of the sweet cherry market.