Evening Star Newspaper, August 25, 1924, Page 20

FINANCIAL “0CKS GO LOWER N TRADING TODAY harp Declines in Some Is- sues—Chandler Weak. Other Motors Gain. BY STUART P. W 41 Dispateh to The Star. W YORK, August nges in the stock market 3 very much mixed, further ng occurring in some direc- . while new buying went on in break in Colorado 1 and Iron was one of the main idents. Below the stock w wn 17 points from its recent high. had been put up from 30 to above on enthusiastic predictions as to at the oi -overies on the com- ny's property would mean in the of increased revenue. This oil business was crplaved and Wall street believed today that the pool had unloaded »d left the credulous following to «t out the best it could. Certainly there was no atterapt at or support. Chandlers Motors Weak. wdler Motor: another weak Its weakness was the more in view of the strength in xwell Motors st 1d the ss in other motors, such as Arrow, Hudson and Stude- \nother violent very much was “ot. stable ierce aker This suggested ing on me w where n was e staged just the 1 for poin N al time ar m it the about this The the last but the surprised the the regular. During s of 1924 the divi- with a surpl surplus was very s ndler earned only E nst the 36 paid out. The arterly meeting is due in Sep- srare about next q tember. The unea; sh in Colorado Fuel cause among some of the othe stocks dependent on the pool sup- port. There was quite a bit of sell- ing for a time in Continental Can. in Congoleum and in others of this type. rather sharply, . on the de- report from to $432 this other_ stocks, however, showed that they had not sbandoned the field. One of these pools was reporting operating In the Maxwell Motors issues Selling of the low-priced rai peared to be due to professional tr. ers at work an_the short side that this cl accumulated a vulnerable long inter Stop orders were cau 2 tcale in New Haven. Rock Island was off 4 points frol recent high. Earnings were not sufficient to justify the late advance in this stock. The advance in the St. Pauls was checked, vartly by the absence of any confirma- on for about new | d partly on the July tariffs statement showins of $1,600,000 in ross from a year ago. Wilson Stocks Break. Appointment of a receiver for Wilson and Company followed efforts to put through a recapitalization plan satis- factory to bond holders and capable of producing new capital. The rket was not entirely prepared for the news, the Wilson stocks International ment’ across 47 for the first time thi: accompanied unofficial reports th earnings for the third quarter would exceed the June quarter results. The improvement in the current quarter is expected to surpass the ess noted toward the end of the half Throughout the slow down in irdustry the demand for building construction s held up relatively well. lnl so did Famous P! se in the six month m. 62 earned las Year. Pools in certain vear CLOSING IS WEAK. From 2 to 4 Point Drops in Last Hour Trading. By the Associated Press. NEW YORK, August 2 prices experienced another s action in today’s market. Cessation of pool activities encouraged a re- sumption of bearish selling which, in turn, forced the closing out of many | weakly margined account trials were the hardest hit. liquida- | tion of these issues being sitmulate the ceivership proceeding Wilson & Co.. Sales approsi- 0.000 share: & was weak industrials during the Low-priced were in free ifternoon, Inter- national Paper, Barnsdall A, Worth- ington Tump, Wabash A, St. Louis Southwestern and New Haven drop- ping 2 to 4 points. rails and supply NEW YORK. rado Fuel bre points. Bonds easy; Wilson issues break on receiv ership suit. Foreign exchanges steady Sterling slightly her. Cotton weak; bearish. Government repost. Sugar lower; near-month liquidation, Coftee firmer; higher Brazilian mar- | kets. CHICAG export bu thy with wheat. ing limited. doing little. lower; Colo- —Wheat ng. highe Corn stead Cattle easy Hogs lower; heavy ympa- trad- packers ! LIVE POULTRY HIGHER. CHICAGO, August alive higher; fowls, 1 26; roosters, 15. — Poultry, springs, 23; e FOREIGN EXCHANGE. {Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. L 48665 450 100 London, pound Montreal, dollar . Paris, franc . Brussels, franc Berlin, mark Rome., 1 Zurich, franc Athens, drach Madrid, peseta Vienna. crown Budapest, crown Prague. crown Warsaw, mark Copenhagen, erown Christiania, crown. . Stockbolm, crown. By the Associated Press. NEW YORK, August 25.—Foreign exchanges firm. Quotations (in United States dollars): Great Britain, de- mand, 4.48%; cables, 4.48%; 60-day bills on banks, 4.45%: France, de- mand, .0539%; cables, .0540; Italy, de- mand, .0441%; cables, .0442; Belgium, demand, .0499%; cables, .0500; Ger- many, demand (per trillion), .23%; Holland, .3866; Norway, .1378; Sweden, .26 Denmark, .1615; Switzerland, Spain, .1320; Greece, .0181; .0019%; ' Czechoslovakia, Jugoslavia, .0124; Austria, ,000014%; Rumania, .0047%: Argen- tina, .3387; Brazil, .1012; Tokio, .41%; Montreal, .99 31-32. e D Ty wearing a pedometer an Iowa farm woman found she usually walked 5 miles each day in preparing meals for her family of three, Adams Exp (6).. Adv Rum pf (3). Air Reduct (4).. Ajax Rubber. ... Allied Chem (4). Allis-Chalm (4). Am Agricul Chm Am Ag Chm pf.. Am Beet Sug (4) Am Can (16) Am Can pf (7) Am Car & F Am Chain A Am Chicle Am Drug : Am & F P 25%(7) AmFor P £ pd(7) Am Hide & Lea.. Am Hide & L pf. Am Iece (7). Am Internatl. Am Linseed. Am Linseed pf Am Locomo (6). Am Loco pf (7). Am Metal (3)... Am Radiator (1) Am Roll M pf (7) Am Saf R (50¢). Am Ship & Com. Am Sm & Re (5). AmS& Rpf (7). Am st hus(.’!) Am Sugar.... Am Sumat Tob. AmT & Tel (9). Am Tobae (12). Am Tob pf () Am Water Wk AmW W Ist(7) Am W W pf (6).. Am Woolen (7). Anaconda : 'n\nl(ll,) AT At Coast L. (18). AtGuf & WI... At Gulf & W I pf Atlantic Refin. Austin-Nic prm Auto sale Bald Loco (.y... Bal & Ohio (5).. AT S ch Nut (2.40).. Bethlehem Steel. Beth Stl p Booth Brk Edison (8).. Brk-Man Tran.. Br Man T pf (6). Burns Br pf (7). Butted&superior, Butterick Co. CalPet (1%).... Cal Pet pf (1)... lahan Z Lead n Pacific (10). seJ I Plow. Threshing. Case Thrs'g pf.. Cent Leather Co. Cent Lea Co pf.. Cerro de Pasco(4) Chand Mot (6).. & Ohio (4). & EastIl.. Chi& E1pf. Chic Gt W A Chic Gt West pf. Ch Mil & St Paul Ch Mil & St P pt. Chi & Nwn (4) Chi R I& Pac. |ICR s {CRI&P DL (7). Chile Cop (2 Chino Copper Cluett, Peab (5). eab pf (7). |Com Solva (4).. Congoleum (3).. Sunsul Cigar, Consol Gas Consol Textile Cont Can (4).... Cont Mot (200).. Corn Prod (2) Corn Pr R pf ( {Cosden Co... Crucible Stl (4). Cub Am Sug (3). Cu Am Su pf (7). Cuban Cane Sug. Cub Cane Su pf.. Cuyamel Fr (4). Dan Boone M(3) Davidson Chem. Del & Hud (9)... Del L& W (6)... Det'Ed Co (8)... Dome Mines (2). Du Ptde N (8) Duq Lt st pf (7). Eastman (17%). El Stor Bat (4).. mer Branting.. End-John (a) Erie 1st pf. Erie 2d pf : Fairb’ks (2.60).. Famous Pl (8) ... ‘amous P1 pf (8) ifth Ave ctfs.... Fisk Rubber. | Fisk Rubber pf. Fleischman t3%. Foundation (6) .. Foundation rts. Freeport-Texas. Gardner Motor. . GenAm TC c3). Gen Asphalt. Gen Asph pf (3). Gen Cigar (8) . Gen Cgrdeb (7). General Gen Mot (1.20).. Gen Petm (2). Gimbel Bros. imbel Br pf [0 Glidden Co. & Goodrich. . Goodrich pt (7). Goodyear pf..... Granby Consol Gt North pf (5).. Gr Nor Ore (3) Grt Wstn Su (8). Gulf Mo & Nor.. Gulf St Stl (3). Hayes Wh'l (3). Hartman Co (4). Houston Oil..... Hud Mot C (3). Hupp Mot C (1). Hydraulic Steel. Indiahoma Ref.. Indian Refining. Inger R (28). Inland Stl (23%). Inspiration Cop. Interb Rap Tr... Int Bus Ma (8) Int Cement (4).. Int Com Eng (2) Internat Har (5) Int Mer Marine.. Int Mer Mar pf. . Internat Nickel. Inter Nick pf (6) Internat Paper.. Int Pap pf st (6). Int Rys C Am (5) Intl Salt (6)..... Int Shoe pf (8).. IntT&T (6).... Invincible Oi! Jones Bros Tea.. Jordan Mot (3). Kan City South.. Kayser Jul & Co. Kayser pf (8)... Kelly Spr Tire Kelly Spgfd pf. . Kels Whpt 2(7). Kenne Cop (3).. Keystone T & R. Kinney G R Co.. Kresge Dep Str. Lee Rub & Tire.. Leh Val (3%)... Lig & Myrs (3).. Lig & Myrs B (3) Lima Loco (4). Loews Inc (2) Loft Incorpor. .. Lorrillard (3)... Louis & Nash (6) Melntyre (75¢).. Mackay Cos (7). isheries. s Open. High. 85% 39% 621 19% 52% 444 93% 5 113% 25% 68 99 17% 17% 21% 96k 4 150% 1 28 59% 14% 48 46% 4Th 84 28% 45% 64 15% 16% 20% 62 33 7% 87 33% 21% 59% 102% 83% 87% 105% Elec(8) 266 15 41% 55% 103% 24 80 57% 19% 65% 29% 86 18% 75 85 35% 70% 28% 13% Ed % 6% . 246 36% 217 26% 101% 41 26% B4 10% 404 184 88 53% 2% 16% 70% 116% 9% 12% 20% 0% 21 19 9% 16% 47 106% 46% 2% 5 63% 11% 53% 62% 61% . 62% 17% 7 39% 98% 15% 115% 85% 39% 81% 10 3% 62% 134 37% 41 133% 115% 167 23% 21% 4% 118% 113 10% 62 88 24 80 68 19% 66% 29% 86 18% k) 35 85% 73 ™ % 6% 246 86% 2% 26% 102% 48% 25% 954 10% 40% 18% 88 63% 73 15% 70% 116% 80 12% 20% 31% 21 19 79% 16% 47 106% 46% 2% % 53% 11% 53% 62% 61% 62% 17% % 89% 98% 15% 115% Mack Trucks (6) 100% 100% Low. Close. 85% 39% 80% 9% 2% 60% 12% 34% 41 181% 115% 167 23% 21% 4% 117% 115% 97 85% 39% 81% % 2% 62 12% 34% 41 132% 115% 167 28% 21% % 117% 118 10% 613 246 36% 26% 26% 101 48% 25% 94 10 39% 17% 88 60% 73 16% 0% 116% 9% 12% 20% 31% 20% 19 79% 16% 47 106% 46% 2% 5 624 11 53% 62% 61% 62 1% % 89 98% 16% 115% 98% THE EVENING STAR, WASHINGTO NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. 3% 8% 84 34% 43 43 4% 4% 45% 45% 28% 28% 46 46% 31% 82 10 10 82% 82% 5T bS% 45 15 96} 97w 21% 21% 214 214 Low. Olose. 8% 34 34 34% 43 43 4% T4% 4% d4% 28% 28% 46 46% 81% 32 10 10 32 32 B7 bT% 144 14% 95% 97% Mack Trucks rts. Magma Copper, Man EI Sup (4) Man El gtd (4) Man Fll md gd 4. Maracaibo Oil. Mkt St Ry prpf. Marland Oil Marlin Rockwell Martin-Parry (4] Maxwell Mot A.. Maxwell Mot B May Dept St (5). Mex Seabd (2).. Mex Sea cfs (2). Miami Cop (2). Middle St Oil. . Midld Pr pf (8) Mis Kan & Tex Mis K & Tex pf uri Pacific. Missouri Pac pf. Montgom W Moon Mot (3) Mother Lode t Dairy (3) Nat En & St Nat Lead (8). Nat Lead pf (7). at Ry M 2d pr.. Nat Supply (3) Nev Cons Cop N 'Y Dock N Or T&M NY C&StL (6). NY NH & Hart. . N Y Ont & We Niagara F pf 1 Nort & W (18).. North Amer (2). North Pac (5). Nunnally Co (1). Oh F Sup (2%) Orpheum (1 Otis Steel. . Otis Steel pf. Owens B pf Pacific Develop. PacG & E (8). Pacific Mail. .. Pacific Oil (2). Packard (1.20) Pan-Amer (4).. Pan-Amer B (4). Park & Tilford Penn Railrd (3) Penn Seab Steel. Peop Gas Ch (7 Pere Marq (4) Pere Mar pf ( Pere M pr pf (5). Phila Co (4).... Phila Co pf (3) Philz & R Phil Mor ( Phillips Pet “ Phillips Pet rts. Pierce-Arrow Pierce Oil Pierce Oil pf. Pitts Coal (4) Pitts St pf (7). Pitts Ut pf (1.20) Pitts & West Va Postum Cer (4) ss Steel Car. teel C pf. Refiners. NJ (4).. TSI Prod Pub Public Serv rts Pullman Co (8) Pure Oil (112). .. Ry Stl Spg (8)... Ry St Sg pf (7) ¥ ns Cop. Reading (4) Reading rts Read 1st pf Reis Rob pr (7). Remington Type Remin'n 2d (8).. Replogle Steel. . Rep IT & Steel. Rey Tob B (3). Roy Dtch (3. 46) St Joseph Ld (2) St L San Fran. St L S'th pf (5) Savage Arms. .. Seaboard Air L, Seab'd Air L pf.. 28 Sears-Roebk (6) 103% Seneca Copper. Shell Un Oil (1). Simmons Co (1). Simms Pet. Sinelair Oil. . Skelly Oil. Sloss-Sheff (6) So P Rico Su (6). South Pac (6)... Southern Ry (5) South Ry pf (5). Spicer Mfg. .. Std Gas & El (3). St Oil Cal (2). StOIINJT (1). Std P1GI (75¢) . Sterling Pr (4) Stew't Warn (5). Stromberg C (8). Studebaker (4).. Submarine Boat. superior Oil. Superior St (3). Tenn C & Sh Texas Co (3) . Tex Gulf (161%). Texas & Pacific Tex & Pac C & O. Timken (13%). Tob Prod (6).. Tob Prod A (7) Transcont Oil Underwood (3).. Un Pacific (10). Un Pac pf (4)... Un Tank Car (5) Utd Cigar Stores United Drug (6) Utd Fruit (10). Utd Ry Invest. Utd Ry Invest p U S CastIronP. U S Distributing U S Distr pf (7). U S Hoff Mach. . U S 1Ind Alcohol. USR & Ipf (7) U S Rubber. . USR1st pf (8). U S Smelting.... U SSmt pf (3%2) U S Steel (16) ... U S Steel pf (7). U S Tobacco (3). Universal Pipe. Utah Copper (4). Utah Securities. Van R 1st pf (7). Vanadium Corp. Va-Caro Chem. . Va Ry & Power. 44% 108% 121 52 16% 9% 30% 64 25% 1% 68% 16% 42% 15% 89 11% 19 20% 70% 113 98% 62% T9% 13% 22 23% 63% 1% 6% 16 8% 68% 110 27% 12% 4l% 52% 62 8% 29% 64 244 1% €6 14% 42 15% 88 11% 19 20% 79% 113 98% 62% 79% 12% 22% 23% 62 1% 5% 124% 8% 68 110% 28 124 41% 83 Web & Heilb(1). West Pen (4)... West Maryland. West Md 2d pt. .. Western Pacific. ‘West Pac Df (6). West UnT1 (7). West Air Br (6). West E& M (4). W E Ist pt (4). Whi & L Erie Wheel & LE pf. Wh Eag Oil (2). White Mot (4). .. Wickwire Sp Stl. Wilson & Co.... Wil & Co pf Willys-Overl'd Willys-Ovd pf. Woolw’th n (3) ‘Worthing P'mp. Wright Aer (1). Wrig W Jr (3).. Yellow Cab (5) *0ad lota {Partly extra. {Payable in preferred stock. Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly declarations. Unless otherwise noted, extra or special dividends are mot included. s BUTTER LOWER TODAY. CHICAGO, August 25—Butter, lower; creamery, extras, 36%; stand- ards, 363 ; extra firsts, 35%a36; firsts, 34a34%; seconds, 32a33%. Eggs, higher; receipts, 16,496 cases; firsts, 34a36; ordinary firsts, 31a33. 79% 11% 21 23% 624 1% 4% 11 8% 68 109% 27% 12% 41% 62% 110% 28 12% 41% 53 4| the IN WILSON BONDS Receivership News Starts Big Selling Wave—Other Issues Irregular. BY GEORG Special Dispateh to The NEW YORK, August sential change occurred market situation at the beginning of the new week. Trading was dull even compared with the totals of week ago. As compared with the period of investment buying in nd carly July, it was very The pressure was off the United overnment bond market in » that the recent selling by 1ks was not pursued. But there was t position toward recovery. Forelgi rrimp Strong. . HUGHES, Star. —No es- in the bond June dull States The attention a parent that ther ound 90. The ¢ interim certific »mewhat Just above 88, which w. final quotation of last % gium 8¢ were a fraction highe of the French city issues were in bet- ter demand, the Bordeaux 6s selling 85, where th 8 fraction This ‘still left them, however, over points beneath the high reach week ago, Further realizing sales occurred in French government bonds, the § per down over a point from Saturday and _sell 4 points below their high. The 7i2s were not as weak, but they were quoted 3 points under their top. Traction Ixsues Heavy. Among corporate ture was a further a ness in ter New bonds. Interborough nearly a point. Brooklyn Transit 6s below points from where were selling week ago. The 3rd Avenue ad- justments were also lower. The flurry at the of last week in the St. Paul issue subsided, although most of Saturday's kain was held. The 4s of 1 re still up 3 points from last low. selling came into the son & Co. issues fol- lowing the unexpected announcement that a receiver had been appuinted for the compa much i bein ot By tes continued to t and and s a issues, the anhatt down wer ery he: market for Wi Early Market Weak. BY the Associated Press, NEW YORK, August tional rec ns in bond pric ay's early dealings, with the ed heaviness of several in- ustrial and public utility lines bri rings of the spe on & Co. conver! points and the following the app ceiver for the compai s domi- W rails, Losses of 1 to 11 istered by local tr { borough djustment ccorded a goc 10,000 Loui ing being re points were pringfield ancing n, the & Nashville subscribed off WALL STREET BRIEFS. tFamous Players and Other Con- cerns Report Earnings. W YORK. August 2 of Famous Player: ‘pr‘ 3 in th ix month ended June 320 was §1 0,801, equal after preferred divide a s on the common s 048, or Daniel Boone {net profits of $1 interest and depreciation, but before Federal taxes, in the half year ended June , compared with deficit of in- Cor- after expenses, net operating income of the and n increased ta 3 in comparison with $346,056 ne month last year. Net for en months of the ye however, showed a decline to $ S from § 80 in the same |of 1923, GRAIN EXPORTS SHOW DECREASE IN WEEK Exports of grain from the United States last week totaled bushels, against 6,985,000 bushels for the previous week. The fizures for last week pared with the previous week were made public today by the Commerce Department as follows Parley, 477,000 bushels against corn, 101,000 against 000; oats, 68,000 against 6,000; 397,000 against 121,000; wheat, 4,620,000 against 6,037,000 States and Canadian wheat flour in 6,000 barrels against 199,- 000 barrels. $i1 in t s com- NEW YORK EGG PRICES NEW YORK, August firm. Receipts. 7,0, athered extra first 35a37; do., seconds nearby hernery whites, closely s lected extras, 54a56; nearby and near- by Western hennery i firsts to average extras, 40a carby hennery browns, ; Pacific Coast whites, extras, 49%a50%; do., firsts to extra firsts, 40a49; refrigerator, ex- tra firsts. 3412a35; do., firsts, 32%a34. : do., firsts, d poorer, 29a34; WOULD ABANDON LINE. The Boston and Maine railroad to- day applied to the Interstate Com- merce Commission for authority to abandon the Nashua and Acton rafl- road, a 20-mile line from Nashua, N. H,, to North Acton, Mass, — e NEW WELLS IN KANSAS. TULSA, Okla.,, August 25 (Special). —Fourteen new wells were completed in the Kansas oil fields in the last week, adding 3,416 barrels to initial production. Eight of the new oper- ations turned out producers and six ‘were just holes. — MORE GOLD ARRIVES. NEW YORK, August 25.—Gold val- ued at 52,650 pounds sterling arrived on the Homeric consigned to New York banks. FISHER'S PRICE INDEX. NEW HAVEN, Conn, August 25 (Special).—Last week’s prices aver- aged 1471-10 per cent of pre-war level. The purchasing power of the dollar was 68 pre-war __cents. Crump’s_index number, was 1564-10, Irving Fisher reports. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon.—— Bid. Ofter. 100 7-82 To yield 100 17-82 100'21-32 100 19-32 101 2532 101 101316 101 101 3-16 101 5-16 53%s September 15, 1924.. 4%s December 15, ' 1024 45 March 15, 102 4%s March 15, 4i4s June 15, 192 43%s December 15, 43s March 15, 1926.....0 101% 4146 September 15, 19261, 1011} 4%s March 15, 1927.....: 102% 4348 December’ 15, 1927... 102% - | Bk] United | D._ C., MONDAY, 'AUGUST 25, SEVERE DECLINES | Comcxew vore BONDS stocx excuavce| 1924 Received by Private Wire Digect te The Star Office. (Sales are in $1,000.) UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 95-3 means 98 3-32.) Sales. High. Low. Close. 0 100-26 100-28 1012 102-3 101-5 102-4 1025 1065 Lib st 4%s Lib2d 4%s. Lib 3d 4¥%s. Lib4th 4%s US4%s 195 366 101-7 . 517 102-8 120 192-8 65 10| FOREIGN. Argentine 5s. Argentine 6s '37. Argentine Ts. Austria 7s Belgium 6: Belg Brazil Brazil Chile 851926, . Chile 851041, . Chilc 85 1946. . Christiania 8s Copenhagen 5 Cuba 5l Czecho $s 195 €zecho $s 1 Danish Munic 88 A. Danish Munic §s B, Denmark 63 { Denmark Ss. D Duteh ch ench Govt 8s. ti 6s. . nd- Hung: Italy 6 Japanese 4s.. Japanese §1%s. Nether| Norw Norw Norw 105 1 1re L MISCELLANEOUS. 95ty 94%e a5 104 100% 9713 101% 1015 1194 91% Ud Kin | Zuricn as8ig 94 104 100% 97 101% 100% 119% 1Yy 97% | Am T&T 5 AmT & T deb 534s. Aimons ot De1 6% Associated Oil 6s.. Barnsdall s f 8s. Bell Tel Pa 5 Beth | Beth Beth Steel s € | ~aBRornteRlenEBN80e 100% 100% 961 £8 89% 95% 9915 108% 891 841 108 105 EITIE Denver Gas Donner St Du Pont de | Duquesne Homto o Rubber Gen Elec deb Goodrich & |r‘ood\ Illinois ¥ . Ilinois Steel 43s.. Indiana Steel 5s Int Mer Marin Inter Paper 58 [KCP§ Kan G & Marland O Midvale Steel 5s ¢ Montana Power 5s. Mor's&Co 1st 4125, New Eng Tel bs. t 6%s.. 23 96% 1064 1073 9614 1004 93 103 108% 891 95 93% 98% 91% 944 94% 1023 84% 1044 102% 109% 1024 86% 9214 100% 84 9714 102% 96 105% 97% 84% 103% 104% 62% 33 91 102 98 108 69 28 87H% 45 47% 95% Ny Tel 4 N Y Tel 65’41 N Y Tel 65’49, .. North Am Ed 6s. North Am Ed 6%s. Nor States Pow 5s. Nor States Pow Northwst B Tel Ois Stecl PacT& T Pacific T & T 5s People’s Gas 58 Phila Co 5%s'38... Phila. Co ref 6s A.. Pierce-Arrow 8s Public Service 5s.. Pub Serv Elec 6s.. Punta Alegre 7s.. Sharon Stl H 8s. Sinclair Oil 6%s. .. Sinclair Oil 7s. Sin Crude Oil 6s. Sin Pipe Line 5s South Bell Tel 5s So Por Rico Sug. Southwest Bell 6s. Steel & Tube 7s.... Tenn Elec Pow 6s.. U S Rub 1st rf 5s. ., U S Rubber 7%s. .. USSteel sfhs..... Va-Car Chem 7s... va-CarCh7%ssw Wwarner Sug 75 '39. Warner Sug 7s '41. ‘Western Elec 5s... ‘Westinghouse 78. . Wickwire Spen 7s. Willys-Ov 6%3°33 Wilson & Co 1st ts Wilson & Co cv 6 Wilson&C cv 7%s. Youngstn S & T 6s. - romd Rufo wbaSuavoranednSonanne 974 102% 96 105% 97% 8414 103% 104% 6215 33 91 102 97% 108y 69 58 87 44 47 6% - o CLOTH MARKET REACTS. NEW YORK, August 25 (Special).— The cotton goods markets reacted somewhat to the more optimistic crop Teports at the opening of the new week today, slight recessiors making their appearance in price lists. Trad- ing was slow. Print cloth quotations were down to 9 cents for 64 by 60 and 10 cents for 68 by 72, a decline of an eighth and a quarter cent, re- spectively. The raw silk market was quiet and unchanged. 4 | Chi Great West 4s. RAILROAD&. Ann Arbor 4s. 614 Atchison adj 4 81% Atchison gen 4 88% Atlantic C L 1st 4, 88Y% 100 86% 88% 865 102% 100% 99% 83 67 79 SWdiv3k%s. 6 5 Bklyn-Manhat 6s..110 Buff R & Pitt 4%s. 26 Canad North 6%s.. 15 Canada North 7s... 15 Canad Pac deb 4s.. 15 Car Clinch & O58.. 2, ar Clinch & O 6s.. 40 Cent of Ga 5%s. Cent of Ga 6s 5 Central Pacific 45.. 2 Ches & Ocv 4%s... 18 Ches & O gn 4%45.. 12 Ches & Ohio cv 5s.. 49 Chi & Alton 3%s... 23 Chi B&Q 1st rf5s. | Chi& ETll gnbs... 11 33 CM & Puget Sd 4s. 10 % | Chi M & St P 45 '25.366 Chi M&St P 45 '34 CM & St P db4s Chi M&St P cv 4148 CM&StPgndks. Chi M&St P rf 4%, Chi M & St P cv 5s. ChiM &St P 6s.. Chi & N W ref 6s. . Chi&Nw svzs. 12 12 54 34 Chi Rys 5s. ChiRI&P gn 4s. ChiRI&Prf4s. ChiTH&SF 5s.. Chi Un Sta 4’/-x Del & Hudson 5%s Den & Rio G cn 4s. D& RG 1Istrf 5s. Erie 1st con 4s e conv 4s A e conv 4s B e conv 4s D Erie con ext Ts. e & Jersey 6s rie (Pa) clt tx 4s. r Trunk =f db 6s.. Grand Trunk 7s Great North 5s nB & W dbB. Hud & Man ref 5s Hud & Man aj 5s. Int Rap Tran 5s... Int Rap Tr 5s stpd. Int R: s Int Rap Tran7s... Int & G Nor st 65 Int & G Nor aj 6s.. FtS4s. Kan City Torm 5 Lake Shore 4s'28 Lehigh Valley 6s. . Long Island rf 4s.. Louis & Nas Louis & Nash 7s... e = rvelSno? Svave on Manhat Ry cn 4s.. Mil El Ry & L 5s. M ¢ SSM ¢ MK &T 1st 4s MK & T adj 5s. ... MK&TprinssA. MK&T6:C Mo Pacific gn 48 Mo Pacific 55 '65 Mo Pacific 6s. . Nassau E Ry 4s '57 OTex&M inbs. 2 Y Centcn4s’98.. 2 Y Cent deb 4s. 1 Y Centriss 48 YCent deb 6s 29 Y CenLscl3 23 Y Chi& SL5i%s. 13 YC&StL6sA.. 6 ew Haven d 4s'57 10 ew Havencd 6s.. 17 ew Haven T 65 w Haven 7s fr...166 Y Ont& Wrefds 7 ew York Ry rf 45 12 Y Ryrfisctfs.. 18 39 Y Rysadj5sct.. 95 44 Y State Ry 4%s. 1 64 NY W & Bos 4%4s. 28 Norfolk & W cv 6s. 12 orthern Pac 3s. orthern Pac 4s orthern Pac 55 Northern Pacri 63 Ore-Wash Istrf 4s Pennsyl gen 4%s. Pennsyl gen 5s Pennsyl gold 7 Peoria & E inc 4s. Perc Marq 1st 5s... Reacing gn 4%s. Rio G West cl 4s. RIATk & Ld%s. St LIM&S R&G 4s. StL&SFplds A, StL & SF prln 58, StL& SF5%sD. StL &S F adj 6s. StL&SFinc6s... StL&SFplésC SLLS W Ist4s.... StLS W con 4s'32. St P Un Dep 5%s.. San A & Arn P 4s. Seab'd AL ref 4s.. Seab'd A L adj 6s.. Seab'd A L con 6s. Sou Pacific 45'29.. Sou Pacific ref 4s. Southern Ry gn 4s. Southern Ry 1st 55 Southern Ry 6s ct.. Southern Ry 6%s.. Sou Ry Mobile 4s. Third Ave ref 4s. Third Ave adj 5s. Union Pac 1st 4s. Union Pac 1st rf 45 Union Pac 4s°27.... Union Pacific cv 6s. Virginia Ry st 5s. . Wabash Ist 5s... Wabash 2d 5s. ... Western Md 4s. 6415 Western Pacific 2 91 Whel & LErf4%s 6 66% Wisconsin Cent 4s. 5 82% SEEK ARBITRATION. BROCKTON, Mass., August 25 (Spe- cial).—The Brockton shoe manutac- turers have presented a request of two local shoe workers' unions ask- ing the latter to join in a demand for the State Board of Arbitration to fix wages. The employers are seek- ing a reduction of 10 per cent for the edge-making and Goodyear de- partments. = o em B b 23 Dawn Swnmeauena 4% 100% 102% 106% 81% 5639 50 90% 85 994 104% 96% 100% 93% 1,250 LOSE JOBS IN WEEK. DETROIT, August (Special).— Industrial employment in local fac- tories fell off 1,250 in the last week to 194,599. This compares with 219,570 a year ago. TEXAS TO IMPORT CORN. HQUSTON, August 25 (Special).— The scarcity of corn this year in Texas will necessitate the importa- tion of at least 1,000 carloads from other States, according to the State market and warehouse department. Present conditions indicate a Texas crop of 79,000,000 bushels, or 17,000,- 000 bushels under that of last year. SR R ‘WOOL PRICES LOWER. BOSTON, August 25 (Special).—The Summer street wool market opened the week with a quieter tone today: Dealers were not perturbed at the change, saying that a slight slowing down was to be expected after the recent weeks of busy trading. Prices continue firm, and advances ltlfl are predicted. - 4| garly advance was easily attained, be- FINANCIAL [07-POINT BREAK INCOTTON MARKET Drop of Over $5 Per Bale at Opening Today Due to Government Report. By the Associated Press. NEW YORK, August s fell 107 points, or over $5 a on the opening call today, fol- lowing a big break in Liverpool, as the result of Saturday's bearish gov- ernment report. er on the call 25.—Cotton 5 t a decline to 118 points, with October de- liveries soon selling off to 24.05, and December to 23.75, making declines of 140 to 150 points under Saturday’s closinggon active positions. Trade buying was reported on a scale-down, and there was a good deal of covering which caused ral- lies of about 15 to 20 points from the lowest, but liquidation continued, and the early market was weak and un- setled. Cotton futures closed steady. December” January EW cotton opening and first tr. of 93 to 105 points from Saturday’s closing levels. Liverpool was about 60 penny points lower than due at {the time American markets opened. Prices continued to sag after the opening call, October. January dropping 1 below Saturday's close. was due to the bearish interpretation of Saturday’s government condition report and crop forecast. Liverpool, which enjoyed several hours of trad- ing before the onening here, was at | one time more than 80 penny points, equal to 160 American points, down, Trading was ve —The excited Cotton futures closed steads at net decline of 106 to 116 points, BALTIMORE —Potato bushel, 4 sweet potatoc 100, 3.00a4.00; August barrel, beans, b barrel, abbage, 100, Apples, barrel, | a2.00; blackberries, quart, sons, pound, 4; crabapple: 0: huckleberrie [i | bushe 1.00a3. melon , 76 10a12; dam- basket, 40 p(;\r!lo~ basket, 2 red Winter, red Winter, garlick 0. 3 red Winter, garlicky, 1 lots of nearby sold at per bushel; cargoes on red Winter, garlicky, i No. 4, 1.20%; No. spot, Hlow, per bar- old white, per barrel; N spot, no quotations; tions; track corn, vellow rel: corn| new. 58; No. 3, new, no 1.00; No. 2 rye, 1 spot. 93 Hay—Receipts, 24. Compared with the limited demand prevailing, present receipts of hay are ample for all requirements, and sales of new ay arc within a range of 16.00 to 2000 per ton, as to grade and kind ¢ hay. arriving in bad order, has no_defin Straw 13.00; Ne new. 12.00a 13.00a14.00. , August 25.—Firmness in market was reflected on this side of the Atlantic today, the wheat market here showing a strong undertone at the start. Advices that a large export business had develop- ed overnight also tended to give strength to the market here. The CHICAGO, the Liverpool cause of a good house buving and some short cover- ing. Initial quotations, which varied from unchanged figures to 1% higher. with September, 1.23% to 1243, and December, 1.28 to 1.2, were followed Saturday’s finish Lack of agsressive buying affected corn and oats. both markets dropping sharply after the opening, with stop loss orders uncovered on the way down. At the start the markets were influenced, more or less, on re- ports of genecrally more favorable weather over the week cnd. After starting at 3 advance to % decline, with December, 1.05 to 1.05 he corn market underwent a reaction, which in some instances showed a loss of more than 2 cents from initial figures. Oats were % higher to % lower at the beginning, with December, 30% to 50%, and soon followed the trend of corn. Later quotations on hogs affected provisions, the market declining sharply, with lard in the lead. WHEAT— September September ... December May September December ay . LAR September .. October November RIBS— September . October CALL MONEY STEADY. NEW YORK, August 25.—Call money steady; high, 2; low, ruling rate, 2; closing bid, 2; offered at 2%: last loan, 2; call loans against ac- ceptances, 1% Tyme loans firm; mixed collateral, §0-90 days, 2%4a3; 4-@ months, 3a3%; prime commercial paper, 3%a3%. DIIBY PRODUCTS. BALTIMORE, Md., August 25 (Spe- cial) —Live poultry—Spring chickens. pound, 28a35; Leghorns, 24a30; old hens, 18a26; Leghorns, 18a20 roosters, 15; Spring ducks, 17a22; old ducks, 15a18; pigeons, palr, 20az5; guinea fowl, 80a1.00. Eggs—Native and nearby firsts (free cases), dozen, offered 35 bid, 33_half. 3 Butter—Creamery.' good to fancy, pound, 37a40; prints, 40a42; nearby 1 fun | Elektrizitaets Wirtschaft Aktien Ge- | sellschartt,” creamery, 35a37; ladles, 30a32; store packed, 27; process butter, 31a3s. NEW BOND ISSUE ANNOUNGED TODAY Washington Stocks Quiet as Week’s Trading Opens. Notes. Redmond & Co. Rose & Co. and Edward are offering today $1, 000,000 of Thomas Maddock's Sons Co. first mortgage 6% per cent sink- ing fund gold bonds, due August 1, 1939, at 98 and interest to yleld more than 6.70 per cent . The business of Thomas Maddock’s Sons Co. of Trenton, N. J., manu- facturers of porcelain sanitary ware, was established in 1859. Proceeds of this issue, together with more than $1,000,000 provided out of surplus and by preferred stock subscriptions, are being used to con- struct a new plant and supply addi- tional working capital to take care of increased business. New Foreign Loan Ready. | The first instance of an American loan to an industry of Austria since the will be a $3,000,000 6% per cent issue of bonds for the Power- strian Hydro-Electric Power Co. ewag,” to be sold in the New York market tomorrow by a banking sy dicate headed by F. J. Lisman & Co. and Morgan, Livermore & Co., me: bers of the New York Stock Excha The company is known in Austria as “Newag." an abbreviation of its name, “Niederoesterreichische and maintains a govern- ment monopoly for the furnishing of hydro-electrical power in the district of lower Austria, which it serves. The bonds, created to reimburse the company for its expenditures in the development of water power, are secured by a closed first mortgage on the entire propertv. The replace- ment value of this property is placed jat two and a half times the original cost. In a letter to the bankers, James F. Case, consulting engineer, who inves tigated the properties, said that the management is capable, aggressive and efficient; that the construction and maintenance of the properties are excellent and that a market is assured, at a profitable price, for all the power the “Newag” can pro- duce. Loeal Market Quiet. Strength of National Mortgage and Investment preferred stock was the only feature to today's restricted trading on the local board. This which has proved attractive recently, was sold to the extent of 44 shares at 9, closing at 9% asked. Capital Traction remained pegged %4 and 92% on small sales. Gas 6s were strong at 100% and 101% with the 5s of the company un- changed at 98%. Seeks Bond Rights. The Chicago, Rock Island and Pa- cific Railroad today applied to the Interstate Commerce Commission for authority to issue $5,000,000 of five vear 5 per cent gold notes to be se- cured by $7.500,000 of first and re- funding gold honds. The procecds of the sale will be used for general corporate purposes and for reimburs' 3 the road's treas ury for money spent for additicgf and betterments. ALEXAN'DRIA. XANDRIA, Va., August 25 (Spe- In the pouring rain this morn- 28 of 40 veniremen summoned left for Spottsylvania Court House, Va., where 10 their num- ber are to be selected jurors in the murder trial of Charles B. Ken- dall, in Cconnection with the death, May 17, of Dr. Robert L. Powell, which is scheduled to begin at 11 o'clock before Judge A. D. Dabney. Ten men have been selected from a Charlottesville panel. Defense and prosccution will each strike 3 men from the 20 thus selected. Twelve of those whose names were drawn could not be located. Again tomorrow the hotel directors | will attempt to selecte a site for the George Mason Hotel, which is pro- posed to be erected here soon. Direc- tors of the corporation from New York, who were kept away from the last meeting by the press of business, will be here. Camp Fairlington, Summer camp of the Arlington and Fairfax Counties Sunday school associations, will open at the fair grounds at Fairfax Court House tomorrow, to last until Septem- ber 14. Thursday and Friday will be given over to a Sunday school con- ference, under direction of General Superintendent Minor C. Miller of the Sunday School Association of Virginia. Athletic events and Bible study will feature the camp, which will be at- tended by nearly 100 delegates. Mission Excursion Postponed. The excursion to have been given to Marshall Hall today by the City Mission has been postponed until Wednesday because of the rain. Chil- dren of the city will be free guests on this excursion. Funeral services were held yester- day afternoon for Mrs. Esther Dasheill Taylor Burke, widow of Julian T. Burke, at her late home, 719 Prince street. Services were conducted by Rev. Dr. William Jackson Morton, rector of Christ Episcopal Church. Interment was in Ivy Hill Cemetery. e CATHOLIC SOCIETIES MEET Cardinal Opens Session With Pon- tifical Mass. ALLENTOWN, Pa, August 25.— Cardinal Dougherty at a pontifical high mass here yesterday formally opened the conventions of the Nm- tional Central Verein, Gonzaga Union, Women's Catholic Union and the Pennsylvania Federation of Catholic Societies. ~ Archbishop Messiner of Milwaukee preachad the sermon. Later in the aftermvon the cardinal officiated at the dedication of a new parochial school. —_— BOSTON STOCK MARKET. BOSTON, August 25.—Following is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: Am Tel & Tel Am Wool .. Arcadian Cons Arizona Com . Boston & Albany Boston & Maine. Boston_Elevated Connor Copper Dubilier East Butte . Eastern 8 §| Edison Elec Hardy Coal : Island Creek *. 2 Libby McNeil ‘& Libby.. Loew's Theater : New Dominion New Eng T & T. Y, NH United Shoe Mach ah Apex 4 entura Ofl