Evening Star Newspaper, August 27, 1924, Page 24

24 5 FIN MOVES CONFUSED N STOCK MARKET :Strength in U. S. Steel Fails : to Spread Through List; i Weak Spots. BY STUART P. WEST. 1 Dispateh to The Star. YORK. August atex Steel common was pond to the gptimistic Judge GAry. in which it was sserted that new orders in August Bad run 10 per cent ahead of July. Along with this there was the char- acteristic. cheerful view f the| fut eel, common, which had closed Tuesday below 109, was car- Tied across 110, . Judge Gary's Bowever, arouse much fresh buying fower in the market generally. American Can moved up sharply and other leaders were quite strong for a time. But the upward movement failed to develop the persistent quality it had 4 week ago. . Specialty movements were very Much mixed. On confirmation of the report that International Telephone and Telegraph had arranged with the Spanish government to take over the {elephone system of that country, the stock reached much the highest ures far. Earnings are easily sufficient to warrant an increase in the dividend, but it would be more logical for the company to devote its surplus to its expansion program. Motors Overlook Chandler. Automobile shares were not muc affocted by the weakness fn Chandle “dan Motors, in which the market osition is ~aid have been strengthened, made a new high above Motors held its gain of previous days, with further re ports of record-breaking productio The drop in Chandler below 4 where it was down nearly 12 points since last Friday morning. certainly threw doubt upon the dividend. which | is to be acted upon before September 0. In 1921, around this time, Chan- | dier sold as low and vet the | regular distribution was made. But the margin of safety is extremely narrow, and on this ground a cut to 4 per cent is considered quite likel Among the rails buying was re sumed in the St. Louis and San Fran- cisco stocks. United quick to statement statement did 1 to s 38k, Famous Players Under Pressure. Famous Players was under consid- | eruble pressure, getting down to its lowest for the current movement. The way in which the stock fell back today suggested the same sort of pro pnal selling which has ap- peared in the decline of other specu- lative issues like Colorado KFuel and International Paper. Earnings fell off quite sharply in the second quar- ter, equaling about $160 a share on the no par common as against $2.70 in the first three mont At the rate of net income, the first si months amous Plavers have been ring dividend requirements nnually tional Biscuit and were bid up. but there was nothing new to exolain their movement. The Street thought that the best explana- | tion for tional Biscuit's strength was that the chief interests behind 1t have been consistently bullish on the market. On* its dividends and earnings, National Biscuit is regarded us high enough. The stock pays $3 a d is_earning about $5. les' indicated earnings are around $6 to $7 a share. Loose Wiles Stewart Warner Goxsip. Opinion is divided regarding Stewart Warner outlook. 1In quarter it is said that the stock has been thoroughly liquidated, while the company is in a strong financial con- dition. Increased profits from the au- tomobile business is looked for in the Fall. On the other hand, certain Chi- cago interests which have been iden- tified with Stewart Warner are said to be rather pessimistic and it is probable that much of the selling has emanated from that source. When the company reduced its dividend from $10 to $5 it was regarded as a decidedly favorable action, for earn- ings had not justified the higher rate. Sharp Breaks Near Clowe. The determining afterncon market was the abrupt br in the hi priced industrials, | in ational Lead and General Elec- tric particu V. ease with which these stocks t down im- the street with the highly tive character of recent oper- | for the rise in this section of the list. Mercantile Marine preferred in the last hour was off 5 points from its recent top. The early afternoon move in the Southewestern rails was quickly checked. Anaconda continued to be freely offered at a decline of nearly a point, but, on the other hand, Steel common as it got down below 109 again ran into substantial buying. CLOSE UNSETTLED. the one factor in the Many Shares Fall Point or More in | Final Trading. By the Associated Press. W YORK, August price movements today market. B based on bert H. G resume of the business situation, wvas followed by a period of heavine: during which several specialties were subjected to active short sellings. Sales approximated 700,000 shares. The closing was irregular. Further experiments on the short side were eonducted in the late trading, a num- ber of shares falling a point or more below their earlier high levels. | | | | —Incon- characterized rly firmness, favors®le clusiv Markets at a Glance * NEW YORK. ocks irregular; high-priced specialties weak. Bonds mixed; Wilson convertible issues re- cover. Foreign exchanges steady; trading extremely light: Cotton easy; Dbeneficial rains in Texas. Sugar higher; firm spot market. Cof- fee lower: weak Brazilian cables. CHICAGO.—Wheat steady; sym- pathy with corn. Corn firm; bullish erop advices. Cattle {rregular; trad- ing dull. Hogs weak; heavy' re- oeiD's. —— BEET SUGAR COMPANY BUYING FARM LANDS By the Associated Press. NEW YORK, August 27.—The Amer- fean Beet Sugar Company, which owns more than 33,000 acres in Cali- fornia, Colorado and Nebraska, has bought between 5,000 and 6,000 acres of farm land near its property at Oxnard, Calif., for $1,000,000 cash. It is planned to install 30 miles of irri- watlon ditches to cost $250,000. The fiew land is to be placed under cul- tivation for 1925-1926 harvest. { TODAY'S METAL MARKET. { NEW YORK, August 27.—Copper pasy. Electrolytic, spot and nearby, 133%al3%; futures, 15%2al3%. Tin firm: spot and futures, 51.87. Iron firm; No. 1 northern, 20.50222.00; No. 2 northern, 20.00a21.00; No, 2 south- ern, 18.00a18.50. Lead stead spot, [ ANCIAL. THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley Adv Rum pt (3). Air Reduct (4).. Ajax Rubber. ... All Am Cab (6).. Allied Chem (4). Allis-Chalm (4). Am Agricul Chm Am Ag Chm pt Am BN pf (3). Am Bosch. Am Can (16) . Am Car & Fy( Am Chain A (2). Am Drug Synd Am Express (6) . Am & F P 25%(7) AmFor P £ pd(7) Am Hide & L pf. Amlce (7)....., Am Ice pf (6). m Internatl. ... Am Locomo (6). Am Metal (3). Am Radiator ( Am Roll M pf (7 AmSaf R (50c)., Am Ship & Com. AmSm & Re (5). AmS &R pf (7 Am Stl Fdys (3). Am Sugar. . 5 Am Sugar pf (7). Am Sumat Tob. . Am Sum Tob pf.. Am T & Tel (9).. Am Tobae ( Am Tob B (12 Am Water W' Am W W 1Ist (7) Am Whol pf (7). Am Woolen (7). Am Wool pfd (7) Am Writ Pap pf. Am Zine pt . Anaconda ...... rm of Del (7) Asso Dry G (5).. AtT&SFe (6).. Atl Birm & At... Atl Coast L (18). AtGulf & WI... AtGulf & W 1pf Atlantic Refin. .. Atlan Ref pf (7). Bal & Ohio (5).. | Bul & Oh pf (4). R'ch ) Bethlehem Steel. Beth Stl pf (7). Booth Fishcries. Brk Edison (8).. Brk-Man Tran. . Brklyn Un G (4). Burns Br (10)... Butte&Superior. Butterick Co... Cal Packing (6). Cal Pet (1%).... Callahan Z Lead ‘alu & Ariz (2). Can Pacific (10). Case Thrs'g pf Cent Lea Co pt CRRNJ (112).. Cerro de Pasco(4) Chand Mot (6). . Ches & Ohio (4). Chic & EastTII... Chic Gt West pf, Ch Mil & St Paul Ch Mil & St P pf. Chi & Nwn (4) ChiRI& Pac. CRI&PpL (6). CRI&PpL (7). ChStP Min & 0. Chile Cop (2%).. Chino Copper. Coca-Cola (7)... Colo Fuel & Iron Col Carbon (4) .. Col G & E (2.60). Com Ir Tr (63¢) . Com Solv B.. . Congoleum (3).. Consol Cigar Consol Gas (5 Consol Textile Cont Can (4) Cont Mot (20c).. Corn Prod (2)... Cosden Co. . .. i Cosden pf ( 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). Doug-Pectin (1) DuPtdeN (8).. Eastman (17%). aton Ax (1.60). 1 Stor Bat (4) nd-John (5). | Eri Erie 18t pf. Erie 2d pf... Exch Buffet (2) Fairb'ks (2.60).. Famous Pl (8).. Famous Pl pf (8) FdM&Spf (7). Fifth Av B (64c) Fifth Avectfs. ... Fisher Bdy (10). Fisk Rubber. Fisk Rubber pf.. Fleischman t3%. Foundation (6)., Foundation rt: Freeport-Texas. Gardher Motor... GenAm T C 3). Gen Asphalt. . .. Gen Baking (6). General Elec(8) Gen Mot (1.20).. Gen Mot db (6).. Gen Mot pf n (7) Gen'Petm (2)... Gimbel Bros. ... Gimbel Br pf (7) Glidden Co...... Gold Dust Goldwyn Pict. Goodrich. . Goodyear pf. G'dyear pr pf (8) Granby Consol. . Gray & Davis. Gt North pf (5).. Gr Nor Ore (3) .. Grt Wstn Su (8). Gulf Mo & Nor... Gu Mo & N pf (5) Gulf St Stl (5)... Hartman Co (4). Hayes Wh'l (3). Househ’d Pr (3). Houston Oil..... Hud Mot C (3). Hupp Mot C (1). Hydraulic Steel. Indep Ol (1).... Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr. Int Bus Ma (8) Int Cement (4) Int Com Eng (2 Internat Har (5) Int Mer Mar pf.. Internat Nickel. Internat Paper. . Int Rys C Am (5) IntRysC Apf... IntT&T(S).... Invincible Oit. Jones Bros Tea.. Jordan Mot (3). Kan City South.. Kayser Jul & Co. Kelly Spr Tire. Kenne Cop (3) Keystone T& R. Kinney GR Co.. Kresge Dep Str. Kresge S8 (8). Leh Val (3%)... Lig & Myrs (3).. Lig & Myrs B (3) Lima Loco (4)... Loews Inc (2) Loft Incorpor. Loose-Wiles Bis. 5.00a8.37. Zinc steady. ast St d.ouls spot, 6. futures, 2a6.25. Antimony, spot, 10, 6, Lorrillard 3)... Louis & Nash (6) “134 Open. High. 11% 38% 80% 10 10 74 634 14% 861 554 27 167% 231 4% 119% 117% 1us 62% 83 8074 27% 80 47% 114 ) 104% 7 1% T4% - 104% 864 4an 1% 8 30% 127% . 153% 151 116% 974 90% 76 1% 39% 80% 10 104 74 65 14% 364 b5% 27 135% 167% 23% 5l 119% 118 118 62% 83 80% 28% 81 Low. Close. 1% 38% 8% 9% 104 734 63% 14% 36% 55% 27 181% 167% 23% 4% 119 117% 118 62 80 80% 27% 804 47% 113% 104% 7 11% 78% 104% 86% 4n 9% % 30% 1273, 152 151 116% 9744 90% 75% 101% 29 11% 39 9 9% 104 73% 63% 14% 36% 55% 27 131% 1674% 23% 5 119 117% 18 62 80 80% 2T% BOY AT 113% 104% % 1% 787% 104% 86% 44n 91% % 304 127% 152 151 17 674 4% 5% 35 34% 0% 29 12% * % 6 86 27% 254 99% 49% 26 94 39% 13 48% 16 54% 84 12% 21 2% 21% 20% 16% 47 1% 8% 51% 429 4% 63 62 61y 17 1 b6% 39% 98 Open. High. Low. Close. McCrory B.. Mackay Cos (7). Macy R H & Co. Mclntyre (75¢) .. Mack Trucks (6) Mack Trucks rts. Magma Copper. . Man El md gd 4. Maracaibo Oil Market StRy. . Mkt St Ry prpf. Marland Oil. .. .. Martin-Parry (4] Mathieson Alka. Maxwell Mot A Maxwell Mot 15, May Dept St (5). Mex Seabd (2). . Mex Sea cfs (2). Miami Qop (2).. Middle St Oil. Midvale Steel. .. Minn & St Louis. Mis Kan & Tex.. Mis K & Tex pf. Missouri Pacific. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3). .. Mother Lode 75¢ Munsingw'r (3). Nash Mot (110).. Nat Biscuit (3). Nat Bis pf (7) Nat C1 & S pf ( Nat Dairy (3) Nat Dept Stores. N DS 1st pf (7) Nat En & S| Nat E& S pf (7). Nat Lead (8). Nat Ry M 2d pf. Nat Supply (3).. N'Y Air Br (4) N Y Canners (2). N Y Central (7). NY C&StL (6). NY Dock....... NY NH & Hart. . NY Ont & West. Niagara Falls I'. Nort & W (18) North Amer (2). North Am pf (3). North Pac (5)... Oh FSup (2%).. Orpheum (1 Otis Steel. Otis Steel pf.... Owens Bot (3).. PacG & E (8) Pacific Oil (2) Packard (1.20). . Pan-Amer (4).. Pan-Amer B (4). Park & Tilford. . Penn Railr'd (3) Penn Seab Steel. Peop Gas Ch (7). 100% Pere Marg (4)... 61% PhilaCo (4).... 494 Phila & R&T... 46w Phillips Pet (2). 83% Phillips Petrts. % Pierce-Arrow... 10% Pierce-Arrow pf 32% P-Arprpf (8)... 78 Pierce Oil. . 1% Pitts Coal (4)... 56 Pitts Coal pf (6). 96 Pitts Ut pt (1.20) 13 Pitts & West Va. 61% P& W Vapf (6). 101 Postum Cer (4).. 57% Press Steel Car.. 44 Prod & Refiners. 29 PubSer NJ (4). Public Serv rts.. Pullman Co (8). Punta Al Su (5). Pure Oil (133) Pure Oil pf (8).. Ry Stl Spg (8)... 121 Ray Cons Cop 12% Reading (4) 61% Readingrts..... 21k Read 1st pf (2).. 85% Reis Rob pr (7). - 60% Remington Type 40 Replogle Steel.. 12 Rep It & Steel... 484 Reyn'ds Spgs (1) 16% Rey Tob B (3)... 76% aIns A (6). 95% v Dtch (3.46). 42% Rutland pf 48 an Fran... 24 San Frpf.. 58% St L Southwest.. 42 StLS'thpf (5).. 68% Savage Arms... 58% Kchulte (8). 125% Schulte pf (8) 112 Seaboard AirL.. 15% Seab'd Air Lpf.. 28% Sears-Roebk (6) 104% eneca Copper.. 1% Shell Trad (2.06) 34 Shell Un Oil (1). 16% Shell Un pf (6).. 96 Simmons Co (1). 24% Simms Pet 13% Sinclalr Oil. 17% kelly Oil . 18% 74% 95% 68% 75 85 36% 57% 4% 30 62 52 93 116 66% 15% 98 Southern Ry (5) South Ry pf (5). Spicer Mf pf (8). Std Gas & El (3). St 0il Cal (2).... StOIINJ (1). Std P1Gl (75¢).. Sterling Pr (4).. Stew’t Warn (5). Stromberg C (8). Studebaker (4).. Submarine Boat. Superior Ofl.... Texas Co (3).... Tex Gulf (16%). Texas & Pacific.. Tex & Pac C & O. Tide Wat Oil (4). Timken (1314).. Tob Prod (6) . Tob Prod A (7). ‘Transcont Oil... Twin City (4)... Un Bag Pa (6).. Un Pacific (10).. Un Pac pt (4). .. Un Tank Car (5) Utd Alloy Steel... Utd Cigar Stores United Drug (6) Utd Fruit (10).. Utd Ry Invest... Utd Ry Invest pf U S CastIron P. USCIP pf (D)... U 8 Distributing U § Hoff Mach.. U S Ind Alcohol . USR&Im (8).. U S Rubber..... U SR 18t pf (8). U S Smelting. U 8 Steel (16)... U S Steel pf (7). Universal Pipe. . Utah Copper (4). Utah Securities. Vanadium Corp. Va Ry & Power. Vivadou. . Wabash. Wabash pf A. Web & Hellb(1). Wells Far (2%). West Pen (4)... West Maryland. West Md 2d pf... 20 Western Pacific. 20% West Un Tl (7).. 112 West Air Br (6). 94 West E&M (4). 63 Whl & L Erie. Wh Eag Oll (2). White Mot (4)... Wickwire Sp Stl. Wilson & Co Wil & Copf.. Willys-Overl'd. . Willys-Ova pt Woolw'th n (3) Worthing P'mp. Wright Aer (1). Wrig W Jr (3).. 41% Yellow Cab (5).. 58 Youngst S&T (5) 69% 1Partly extra. $Payable Dividend rates ‘as are the annual casi 41% 8% 36% 8% 120% 344 65 92 4% 46% 48 143% 6% 121% 24 52% 834 214% 17 43% 107 95 27% 21% 2% 984 35 87% 82% 109% 121 17% 8% 31 24% 684 5% 4% ) 16% an 89 12 124 in iven in t 93 115 66 15% 99% 3% 85 46% 28 94 123 24 63% 1% 5% 1 8% 68% 112% 29 124 41% 53 69% 93 1156 66% 15% 98 8% 4% 45% 27% T 45% 8lh 81% 863 56% 14% 96 21 108% 121 1% 8% 31 24% 68 5% 14% 1% 15% al% 89 12 20 20% 112% 93 63 12 24 624 1% 4% 12 8% 68 110% 27% 12% 41% 53 69 gulemd e above table 93 115% 65% 15% | 99 3% 4% 45% 27% T% 46 81% 31% 374% 58 16% 96% 21% 21 284 1% 26% 3 16% 46% 19 52% 66 85% 12% 8% 638 112 27% 12% 41y 58 69 stock. payments based on_the latest quarterly or half-yearly declarations. Unless otherwise noted, dividends are not included. B Germany’'s mercantile fleet has in- creased from 500,000 tons in June, 1920, to 2,500,000 gross tons today, extra or epeciai GOOD RECOVERY Foreign Group Weak in Day’s Trading—U. S. Loans Are Steady. BY GEORGE T. HUGHES. 1 Dispateh 10 The Star. EW YORK, August 27.—The fea- ture in today's bond market was the recovery in local traction issues which had been under pressure for several days past. Third Avenue ad- Justments, which on Tuesday dropped below 48, rallied above 50. This fol- lowed the publication of the latest carnings statement which showed hat, despite a falling off from last ‘ar, interest charges were being ore than covered. The surplus for the 12 hs ending June 30 was only $75 however, and for Jul only $2,157. These slim margins quite well explain why Third Justments had to sell on a 10 per cent basis in order to attract buyers Interborough Rapid Transit issues were also helped by what was re garded @ favorable earnings re port. There was still a_deficit for the month of July of $316,734, but this compared with a loss a year ago of §760,737. The refunding 6s ran up a point and a half. Brooklyn and Manhattan Transit bonds were also firm, French Bonds Weak. Further realizing sales were ap- parent the market for French bonds. Profit-taking also continued in French city issues. Trading was | auite lively again in the Bolivia Ss, | which were rather conspicuously | strong again. As compared with { week ago, when the bank liquidation was going on in United States Gov- | ernment bonds, the | was quiet Pri d. t. Paul 48 of 1925 were off a point from the high of the recent recovery. | This reflected uncertainty regarding the refunding plan about’ which con- | ferences are now being held. The im- pression was that nothing would be ccomplished until there had been time to whether the expected earnings’ improvement during th past five months of the year would miaterialize. . & W. Ox in Good Advance. YORK. August —selling pressure was lifted from a numbe f United States Government railroad, raction and industrial issues in to- ay's early bond trading. rfolk and Western convertible 6s and Atchison General 43 advanced 1 to 2 points, while gains of 1 to points were recorded by some of th Jocal traction liens. Appointment o friendl¢ receivers for Wilson & Co. orought rallies of 1 to 3 points in the convertible issues, but the first 6%, which had been selling above 0, intinued to decMne on readjustment ership basis. Fraction general in the speculative group. Liberty bonds scored moderate recoveries, o v d. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Canadinn Central of isennecott M., Bt P. & B Morris & Co. 7% 130, w York Central 6s 18 Oregon Nhort Line 4 19 Penna. R it 55 193 er Oil 618 1 rank Car 7s 1980 Rubber 714, Western Union 6lgx 19 Westinghouse E. & M. Wheeliug Steel 6s 1926 | corp. Period. Allied Chem pr.. | Amer. ¥ed Inter. L. & My Peun. W. & Pow Pierce-A. pr. pf. Pure Ol 5%8 pf... Pure Ol 6s Dt Pure Oil 8 p Shell Union 0O Tn. Prof. Sha Siach. e 30—Atlas Powder. 30—Diamond Match 30— Douglas Pectin Corp. 30— Eastman Kodak stman Kodak pfd... 30_Erie and Pittsburgh B. R 30 General Petroleum Corporation olk and Western K. ckard Motor Car pfd 2 jted Cigar Stores of Am. pfd. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ~——Noon.—— Bid. Ofter. . 1004 To yield 100616 100 11-16 100 2132 101 101116 101 101116 10174 101% 101918 D1 1oz 101 September 15 December 15 March 15 March 15, June 15, December March 1. March 15, December ' 15, 102 FOREIGN EXCHANGE. (Quotdtions furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. 2y. 4.8605 London, pound Montreal, dollar Paris, Brussels, Rerl: Rome, lira . Zurich, franc . Athens, drachm: Madrid, peseta 4.49% franc .. frane . rk Trague, crown Warsaw, mark €openhagen, crown . Christiaua,” crown . Stockbolm, crown. By the Associated Press. NEW YORK, August 27.—Foreign exchanges firm. Quotations in (United States dollars).—Great Britain, de- mand, 4.48%; cables, 4.49; 60-day bills on banks, 4.46. France, demand, .0342; cables, .05423%. Italy, demand, .0443; cables, .0443%. Belgium, de- mand, .0501%; cables, .0502. Germany, demand (per trillion) 23%. Holland, .3869. Norway, .1380. Sweden, .2657. Denmark, .1618. Switzerland, .1876. Spain, .1325. Greece, .0182. Poland, 0019%. Czechoslovakia, .0300. Jugo Slavia, .01253%. Austria, .000014%. Rumania, .0050%. Argentina, .3387. Lrazil, .1020, Tokio, .413-16. Mon- treal, .99 31-32. FIRE LOSSES REDUCED. BOSTON, August 27 (Special).—The losses by fire in Boston during the last month amounted to only $129,756 as compafed with $1,573,362 for the corresponding period last yeal INTRACTION BONDS | Avenue ad- | (Sales are ia $1,000.) UNITED STATES BONDS. (Fractions represent thirty - secondu. Example: 98-3 means 98 3-32.) Sales. 84 100 96 102-1 Lib3%s...... Lib 1st 4%s.. Lib 2d 4%s. Lib 3d 4%s. Lib 4th 41;s. . US4is 19520, 184 104-26 104-17 104-22 FOREIGN. Sales. High. Low. Close. . 4 sls Bl 8l . 18 93% 93% 934 8 102% 102% 102% 7 95 94% 944 108% 1067 108% 108 107% 107% 937% 92% 93% K7W 87 8% Rl 8lY 8% 107% 107 46 95h 101% 101% 1017 101% 10274 102% 104 103% 98 9T% 103% 103% 105% 105% 105% 106 1104 95% 96% 100 99% 109 100% 110% 6 90% 90% 96 96 104% 874 94% 101% 105% 891y £0 88% 1o% Argentine bs Argentine 6s "37 Argentine 7s Austria 7s. Belgium 73s. Belgium 8s Bolivia 8s. . Bordeaux 6s. . Brazil 7s Brazil 7. Brazfl 8s. {Canada 6s 1926. Canada bs 1931. anada s 195: Canada 5%s 19 Chile 7s 1943 Chile $5 1341 Chilc 85 1946 hristiania $s. . Copenhagen 6% Cuba ks Czecho 85 1951. 'zecho 8s 1952 ct... Danish Munic 8s B, Denmark 6. Denmark 8s. | Dutch E15%s D 5 « French Govt 75s. . | French Gove sa.¢. 1 Holland | Hungary 63 | ltaly 6ts1 | Japanese 4s. : apanese 1st |Japanese 6%s. | Jergens U M 65 '47. | Lyons 6: Marseille €s. Mexico P | Netheriands 6s '54. etheriands 6s orway 6s 1943 orway 6s 195! | Norway 8s.. . |Orient Dev deb 63 Paris-Ly's-Med 6s. 7 | Prague 7 | Queensian, Queensland 5 {Riode Jan 1946. Rio de Jan fs 1947, Rio Gr Do Sul 8s.. ao Paulo City 8s.. a0 T State 85. |Seine Deptof 5. ‘erbs Crotes Slo s 66 !Soissons 6s..... | Swiss 535 1946. {Tokio 8s....... 1 Ud Kingn; Ud Kingm 6138 Uruguay Ss.. 105 105 | Zurich gs.. 112% 111% MISCELLANEOUS. A cr Chem 7125 19 94 {Am Chain s f 65 '33 96 Am Repub deb 6s. . 9z Am SmIt&R 1st 53. 94 AmSmit& R 6s... 104 Am Suss ref 6 6 100° AmT&Teltr Am T&T cl trs... AmT & T deb 5%s. AmT& Tev bs. Am Water Wks 5s. Anaconda 1st 6s Anaconda cv db 7s. Armour & Co 4%s. Armour of Del 538 | Associated Oil 6s { Atlantic Refin 5s.. Barnsdall s f 8s.. Bell Tel Pabs. ... teel pm 5s. . i | 100 93 B8in o4 984 66 110 110 1047 104 9314 96 92 $3%e 104 1004 $7! 101, 101 119% 913 9% 1 11 8 | Brier 12 i Bklyn Ed & | Bush T Bld alif Pete 6 | Central Leather 5s | Chile Copper 6s. . .. CinG&ES Col Gas & EI 5s. Col Gas & El 5s sta Commonwth P 6s.. Con Coal Md 1st 5s. Consumers Pow 5s. Cuba Cane cv 75 '30 Cuba Cane cv d 8s. Uu Pont de | Duquesne I st S Ravbanantis ol | | Fisk Rubbe {Gen Elec deb 5s.. . Gen Refractres 6s. Goodrich 6%8..... Goodyear 85 1931... Goodyear 8s 1841... Hershey 65 1942... Humble O&R 5%s. Illinots Bell 1st 5s. | 1hinoig Steel 4%s. | Indiana Steel 5s. | Int Mer Marine 6s. iInter Paper 58" . |KCP&LLSSA'S2 Kan G & El 65°52... {Keyser (J) 78..... Kelly-Spring 8 | Lackawa S 53 '50.. | Liggett & Myrs 7s. { Lorillard (P) 5s | Magma Cop ¢V 75.. | Marland Oil T%s. Mexican Petrol 8s. Midvale Steel 5s ct. Montana Power 5s. Mor's&Co 1st 4%5. New Eng Tel bs. . N Y Eden st 6%8 NY Tel 4%s. . N Y Tel 63 N Y Tel 65749. North Am Ed 6s. .. North Am Ed 6%s. Nor States Pow 5s. Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 8s | Pacific Gas & E1 5s. PacT & T 1st 5 Pacific T & T 55 ' Pan-Amer Pete 7s. People’s Gas 5s. Phila Co 5%s 38 Phila. Coref 68 A.. Pierce-Arrow 8s Producers & Rf 8s. Public Service 5s.. Pub Serv Elec6s.. Punta Alegre 7s... Sharon St1 H3s. Sinclair Oil 6%8 Sinclair Oil 7s. ... Sin Crude Ofl 5%s. Sin Crude Oll 6s.... Sin Pipe Line 5s... South Bell Tel 5s. . So Por Rico Sug 7s. Southwest Bell 5s. Steel & Tube 7s. Sug Est Orient 7s. Tenn Elec Pow 6s. Tide Wat Oil 6%s. Union Bag & P 6s. Unit Drug ev 8s... U S Rub 1st rf 5. U S Rubber 7%s U S Smelter 6 U SSteel s 15 Utah Pow & Lt bi @ o e e T 0 IR 1 e = 190190 e Va-Car Chem 7s... Vertientes Sug 7: Warner Sug 7s '4 Western Elec 5s. .. West'n Union 6%s. 17 Westinghouse 7=.. 7 | Wickwire Spen 7s. 2 Willys-Ov 6%5°33. 3 Wilson & Co 1st t8.127 Wilson & Co cv 6s. 21 Wilson&C.cv 73%s.. 16 Winchester A 7%4s. 1 oungstn S & T 6s. 16 EVENING STAR, WASHINGTON, D. C. WEDNESDAY, AUGUST 27, 1924. [ ox BONDS o xnr] Received by Private Wira Direct to The Star Office. RAILROADS. Sules. High Atchison adj 4: 3 81% Atchigon gen 4s... 30 88% AtlanticCL1st4s. 4 88% B&Oprindys... 30 100 25 8% 16 89% 16 85% 14 102% 50 100% 17 99% 6 67% 48 5 6s.... rf imp 6s. . SW div 3%s. O Toledo 4s. .. Bklyn-Manhat 6s. Buff R & Pitt 4%s. Canada South 5s... 1 Canad North 6%s.. 13 Canada North 7s. 1 Canad Pac deb 4s.. 25 Car Clinch & O 58.. 2 Car Clinch & O 6s., 31 Central Pacific 4s.. 5 Ches & O cv 445... 82 Ches& Ogn4éles., 2 Ches & Ohio cv 5s.. 26 Chi & Alton 3s 2 Chi & Alton 31 33 Chi B&Q 1st rf6s. 24 CB&Q-Tlldivids.. 8 “hi& E 11l gn 5s. .. 16 ChiGreat West 4s. 6 1& Puget Sd 4s. 4 ChiM & St P 45°25.169 Chi M&SL P 4s°34.. 3 CM&StPdbis... 52 Chi M&SL P cv 4%s 82 Chi M&St P rf 41¢s. 41 Chi M & St Pcvbs. 18 ChiM&StP6s.... 11 Chi & N W ref 5s.. 32 Chi& N'W 6%s.... 31 Chi Rys bs. . 2 8% 87 101% 115% 115% 80% 58% 58 100% 96% 109% 7% 82% 80 % 99% 18 76% 103% 10 58 Chi Un Sta 4%s. 1 Chi Union Sta 5s... 19 ChiUn Sta 6¥%s. Chi & W Ind cn 4s. Chi W Ind 7%s.. CCC&StL5s..... 95% CCC&SLLrfésA, @ 4 Cleve Term bs ' Cleve Term b%s. Cuba R R 6. CubaRR7 B3% 101% 100% 88% 88 Del & Hudson 5%s Del & He 1st rf 4s. D & Rio G imp 5 Des M & Ft D 4s Eric Ist con 4s c gen 4s. ¢ conv4s A 1e conv 4s B ic conv 4s D Erie cop ext 7s. ic &'Jersey 6 ie Genessee R 65 Trunk =f db és and Trunk 7s. .. Great North §s.... Gr North gen 534s. orth gen 7s cenB & W db B. 10 Hud & Man ref §s.. 25 Hud & Man aj 5s.. 1 11l Central ref 4s.. 17 Int Rap Tranbs... 8 Int Rap Tr 5s stpd. 20 Int Rap Tran 6s... 81 Int Rap Tran 7 12 Int & G Nor 1st 6s.. 12 Int & G Nor aj 6s.. 160 lowa Cent Ist5s.. 1 Kan City Ft S 4s... 19 Kansas City S 3 Kansas City S5s Kan City Term 4s.. Lake Shore 45 °28.. Lake Shore 4s 31. Lehigh Val cn 4s. Long Island rf 4s Louis & N uni 4s Louis & N 55 B. Louis & Nash 5%s. 70% 64% 36 19 53 Manhat Ry cn 4s.. Market St Ry 7s Mo Pacific gn 4s. Mo Pacific 5s '65 Mo Pacific 63 Montrl Tm 1st §: N O Tex & M in3s. Y Centriss YCent deb 6 N Y Chi & SL5%s. YC&StL6sA. ew Havencd 6s.. ew Haven 7s. Y Ont & W ref 4s ew York Ry rf 4s Ry rf dsctfs. . New York Ry aj 58 Y Rys adj 5s ct.. VY State Ry 4%s. Y W & Bos 414s. orfolk & W cn 4s. Norfolk & W cv 6s. orthern Pac 3s. rthern Pac 4s orthern Pac 68 T Northern Pacri 38 Ore & Calif 1st 5s.. Ore Short Ly ref 4s. Ore-Wash 1st rf 48 Pennsyl gen 4%s. Pennsyl 6%s. . Pennsyl gold 7s. Peoria & E inc 4 Pere Marq 1st 6s. Reading gen 4s. Reading gn 4%s. Rio G West cl 4s. StL IM&S 45’29 St L IM&S R&G 4s. StL&SFplisA.. StL&SF prinbs StL&SF5%s StL&SF adj6s... StLaSFinc6s StL&SFplésC St LS W 1st 4s. . StLS W con 4s°32. StP & KCShL 4%s. StPUnDepb5% SanA&Arn P 4 Seab'd A L 4s sta.. Seab'd A L adj 5s. Seab'd A L ref 4s.. Seab'd A L con 6s.. Sou Pacific 45'29.. Sou Pacific ref 4s. Southern Ry gn 4 Southern Ry 1st b8 Southern Ry 6s ct. Southern Ry 6%s. Third Ave ref 4s. Third Ave adj 5s.. 273 Union Pac 1st4s... 7 Union Pac1strf4s 5 Union Pac 4s'27 36 Union Pacificcy 6s. 5 Virginia Ry st5s . 13 VaRy&Plstbs... 3 92 Wheel& LEcnds. 2 70% Whel S LErf4%s 1 65 Wikes-B&E 1st5s. 2 63 8% 1075% 94% 103 6 87 €515 395 33% 4 4 63% 524 884 124w 59% K44 54 954 1051> 105% 101 47 B2% 92 109% 109 35 6% 93% 92 68% 91% 82y 6874 B4y 9214 9% 73 1024 0% 85% 1% 99 7% 714 61% 85% 817 97% 88'x 34 1004 102 103% 5615 49% £l 8454 98% 104% 95 92 705 65 627 CHICAGO LIVE STOCK MARKET CHICAGO, August 27 (United States Department of Agriculture).—Ho: Receipts, 20,000 head; uneven; mostly weak to 10 lower; packing sows show minimum losses; light lights and slanghter pigs drug on market at 25 to 50 decline; top, 9.90; better 160 to 325 pound averages, 9.4529.85; desir- able 140 to 150 pound weight, $.50a 9.25; packing sows, 8.30a8.70; rough throw out down to 7.50 and under; good and choice _strong weight slaughter pigs, 7.50a7.7" Cattle—Receipts, 13,000 head: de- sirable best steers and yearlings moving sparingly about in line with week's extreme decline on these kinds; heavy draggy and catch-as- catch-can basis; liberal supply, fresh receipts comprising weighty steers; quota increased by liberal accumula- tion during week; top long yearlings, 10.75; several strings, 9.25a10.50; largely to small killers and shippers; fresh receipts included about 2,000 Western grass offerings: little done: stale Western steers going to killers at 5.25a6.50; feeder dealers paving, 4.50a6.00; some plain kind downward to 4.00 and below; liberal supply ‘Western grass steers to killers lat | vesterday, 6.40a6.75; she stock weak bulk lower; bulls steady; 25c lower; spots more; bul 13.00 to packers; outsiders, 13.50 and better; country demand stockers and feeders narrow; outlet for desirable stockers broadest. 4| the way of hedging. FINANCIAL. COTTON QUOTATIONS DROP AFTER GAIN Showers in Texas Cause Some Sell- ing—Weekly Report on Weather Awaited. By the Associated Pres NEW YORK, August 27.—The cot- ton market opened steady today at an advance of 10 to 20 points. Renewed covering, combined with some trade buying and local support was promot- ed by relatively steady Liverpool cables and apprehensions that the weekly review of the Weather Bureau would comment unfavorably on crop prospects in parts of Texas and | Georgia. Private reports of showers| in Texas, however, caused some seil- ling on the opening advance. After selling at 25.08, October contracts eased off to 2487 under realizing {and selling, presumably in | Cotton “futures closed cas; Higl, January Mazch Moy Gpenin; Junu tober, 3 March, 24.89: Ma. ew Orleans Prices. NEW ORLEANS, August 27.—The cotton market today opened firmly, mainly on much better cable advices from Liverpool than due, although | continucd reports of crop dcteriora- tion helped the advance. First trades showed gains of 21 to 27 points and there was active trading during the October _and December soon points, respectively, close. The market smewhat after the call on | above y cased off s 10475 | % | bushel i report of showers in Te: and on | fears that the weekly weather report | mignt not be as unfavorable as cx- | pected vesterday and October receded 4.15 and December to 24, 0 points below the opening highs Catton futures closed barely steads at met { dectines of 10 to | October | December { January | March | Mas i Opening: October. anuary.” 24.40 bid {2461 bid DAIRY PRODUCTS. BALTIMORE, August al).—Live poultry s Leghorns, cld rooste Spring old ducks, | 15a18. P 5 fowl, 0. neart offered, 38; first to faney nearb, ereamers, sto | packed, | GRAIN AND PibVISIONS. | BALTIMORE, Md.. August (Spe- i eail).—Potatoes, new, barrel, 1.00a shel. 40a80. Beans, bushel, Sweet potatoes, barrel. 2.00 100, 3.0045.00. Cabhage, 100, 3.00a1.00. Clery, buneh, 3 sket 1.00a1 90a1.00. Lima | bushel, Lettuce, | 25a2.50. ushel, 1.50 1 bu Vep- | . basket, | Toma- | stock, | process butter, 250, Cucumber; zgplants. basket, yeans, b oer i baskar . Squash, basket , basket. 40a6; 1.0041.50. barrel, 2.00a6.00; bushel. 1.00 Blackberries, quart, 10al2 pound, a5 Crabapples 40a30. Huckleberries, quart, Peaches, bushel, 1.00a3.00; ba Watermelons, 100, 10.00 a45.00. Cantaloupes, basket, 50a75. Pears, basket, 40al. ettling Prices on Grain. Wheat—No. 2 red Winter, spot, red Winte arlicky 3 red Winte ariicky, h packing Apples a2.50. Damsons, basket, | 10a12 ket: 40 i No. | 0.3, 1 rgoes on grad. red licky, 1.2312 per bushel Corn—tob, old vellow, 6.50 per bar- i rel: old white, 6.35 per barrel; No. corn. spot, no quotations; No. 3, no quotations; track corn. yellow, No. Z, les—Bag lot of white, delivered, at 1.12 Oats—No. bushel. | Ryc—Nearby, spot, 95 Hay—Re ts. { with the limited | present receipts of {ampic for all trade requirements | {and sales of new hay are withn a | { range of 16.00 to Z9.00 per ton. as to | { grade and kind. cw hay arriving | in bad order has no definite market value. Straw—No. 1 wheat, new, 12 13.00; No. 1 oat, new, 13.00al4.00. CHICAGO GRAIN PRICES. CHICAGO, August 27.—Contlirued unfavorable crop reports were chiefly responsible for the upward swing in the corn market during the early| dealings today. At the start corn was affected by the break in wheat values, but recovered rapidly when general buying developed, values ad- vancing well above yesterd: s finish. After the opening, which varied from unchanged figures to 1'g lower, with December 1.07 to 1.07%, the market rallied quickly, May delivery show- i a gain of more than 3 points early low. kness in Liverpool cables as a of yesterday's break in wheat on this side of the Atlantic, together with estimates of a much larger Canadian yield, better pros- pects in Australia and an easier tone at Winnipeg, gave the wheat market a downward slant at the outset today, but a quick recovery soon took hold, when a house which had recently sold out did me good buying. After starting at %c to 1%c decline, with September, 1.19% to 1.1 and De- cember, 1. to 1241, the market scored an upturn which carried values to above yesterday's finish. Oats were moderately active and after a minor break at the start on early selling rallied quickly with no material pressure. Initial quotations which were ‘3 higher to lower, with December, 50% to 0%, were followed by a slight general ris Provisions we lower in line with weakness in ho WHEAT— Ope September 1 December 2 new, 59; No. 3, 58 per 95a1.00; No. 2 73 tons. er Compared | nd prevailing, | are more than December. May, OATS September December May ... | . LARD- September October Novembe PETITION IN OIL CASE. TULSA, Okla. August 27.—Attor- ney for Joseph A. Phelan of New York have filed a petition before Federal Judge Kannamer asking for the appointment of ancillary receiv- ers to take charge of all properties in Oklahoma belonging either to the Middle States Oil Corporation or any of its 24 subsidiaries named in the petition. CALL MONEY STEADY. NEW YORK, Augus money. steady: high, 2; low, rate, 2; closing bid. last loan, 2; call loans against ac ances, 1 Time loans firm | standard banking | Charles | Helen « | Doroth collateral, 60 to 90 days, 6 months, 3a3le; prime commercial paper, 3%al%. BANKING STUDENTS 10 GET DIPLOMAS Graduates Announced Today at Institute—Plans for Coming Year. BY CHAS. P. SHAEFFER. The current season of the local chapter. American Institute of Bank- ing, will be formally inaugurated Tuesday night, September 23, with a ommencement” and opening rally for the ensuing year, H. W. Burnside. president of the chapter, announced this morning. Prizes and certificates of graduation for the last year will be awarded on this night, and ac- tlvities for the coming year wiM be oytlined. The new year will see but minor variations from last season's cur- riculum, Mr. Burnside said. A course in accounting will be initiated, under the leadership of Joseph K. Moyer. chairman of the special appeals com- mittee of the Internal Revenue Bureau. Mr. Moyer is also instructor in accountancy at the Y. M. C. A. The credits course, inaugurated last ye: will be continued, and it was deemed of great benefit during the one year of functioning. _In addition, the elementary bank- ing. commercial law, negotiable in- struments, standard economics and courses, which have formed the backbone of the chapter’s activities, will be developed and standarized. R. J. Chaney of the Commercial Na tional Bank, has been selected by Mr Burnside to head the educational committee for the coming year, an G. M. Van Hoesen of the Second will have charge of the membership com mittee. Several committee heads re- main to be chosen Students to Get Certificates. Standard certificates, indicatinz graduation from the institute, will be presented on commencement night to the following: Jean Black, B. I Boudren, Grace May Bromley, Donald R. Cameron, Julian Oliver Cardir Roane A. Clary, John L. Copelan, Howard W. Denison, Judith M. Fich- burne. John Pau! Foley, Otis M. Hes- ter. Robert T. Highfield, Raymond L. Lavoie, Joseph G. Motyka, Ellsworth Moyer, Mabel E. Pierpont, Helena D. Reed, Francis E. Robey. Julia M Stone, Stella M. Tavlor. G. M. Van Hoesen, Enoch J. Vann, Lois A. White and Florence M. Willer. . Graduates of the advanced course in credits follow: W. W. Badgley, H. T. Bisselle, B. S. Boudron, W. L. Bolls, W. A. H. Church, jr., F. H. Cox, Robert C. Daniel, James C. Dulin, Rice Fadeley, Edward 1 R. M. Galladay, P. M. Gar- rett. Thomas J. Groom, James O, Gray, jr., J. F. Hillyard, Enoch G. Johnson, William R. Nagel, C. J Parkinson, William M. Seay, Frede- rick P. H. Siddons, T. Blackwell Fisher, | Smith and Joseph D. Yerke W Get Elementary Certifiente. Those who will receive elementary certificates of graduation include the following: Eustace Alsop, Llsie Aschenback, Ellery W. Baker, . i Ii?r Byrd Belt, William P. Belt, William M. Blundell, Theodore B Bodey, . Winifred Burrell, W, Hol- mead 'Callan, John M. Castell, r.. _Clark, P. Henry Coates, .V. Colburn, G. P. Cowglll, Cozzens, Hopewell H. Dar- K. DeGroot. John M. De- Harold Denison, Ruth M Fisher, Clarence Gasch, Richard H. Gibson, T. G. Goode, William R, Ham- mill. William G. Harding, J. W. Har- ris, George Frederick Heider, William Harvey Hornig, Donald F. Houser Donald E. Jameson, Robert H. Lacey. F. C. Little, Robert M. Lyon, Donald A. McCormick, Charles A. Monroe Leo J. Moran, Bllmer O'Hara, Herbert W. O'Meara, J. H. O'Neale, Stanley l:crr:. Robert M. Petzold, John Stephen Ramsbers. Margaret Rupp Walton L. Sanderson, Harold J. See. ley, C. J. Sincell, Harry R. Statham, Yowiirenshaw Thompson, Leonard vnsend, . Tho: ? and Spencer B. walz. - O" *endoren Those successful commercial George neille, Marco, cessful 'completing the course following: John * Haister. - pothine Barr, Everett Bean, William M. Blune dell, B. I. Boudren, William H. Callan William A. Campbell, Helen G. Clark. P. Henry Coates, John L. Gopelan, Hugh O. Crow, Bertha Cutter, T 1 Eleanor L. Dankmeyer, John Davidson. Harold D. Denison, M. Dettor, Oliver Durant, Harvey E. ney, jr: J. W. Fisher, Joseph P. itzpatrick ohn Filetchall, J. W Harris, C. Hoskinson, King M Irvin, W. Leddren Koontz, Gerald Keene, Raymond E. Lavois, Helen MacGillivray, Thomas S. Mallon, jr.: Joseph G. Motyka,-Sidney J. Mullins, James M. Mason, J. H. O'Neale, Stan- ley Perry, Mabel E. Pierpont, A. Dan Radice, J. Stephen Ramsburgh, L. H. Rider,” W. H. Rippard, Robert B, Riley, C. J. Sincell, Harold J. Seeley, Mrs. Laila M. Sloat, Mildred Sperry, Lewis E. Thomas, Raymond L. Thomas, Enoch J. Vann, Richard It Waddey, Lois A. White, Alice H, Whitton, Mary A. Willer, William G Winstead and Millara Yeatman. Others Completing Courses. Graduate: in negotiable instru ments are as follows: B. 1. Boudreny Helen G. Clark, John L. Copelan, T. P. Cowgill. Bertha Custer, E. L. Cank meyer, John H. Davidson, Harold V. Denison. M. A, Detton, Oliver Durant, J. W. Harris, jr.; Manford C. Hixon, W. Ledru Koontz, Raymond E. Lavole, Raymond P. Lochte. Denald A. Mc Cormick, Thomas S. Mallon, jr., James W. Mason, Joseph Motyka, Sidney J. Mullins, J. H. O'Neale, Mabel E. Pierpont, J. S. Ramsburg. Robert B. William H. Rippard, Harold . M Laila M. Sluat, Lewis Thomas, Raymond L. Thomas, ¥noch J. Vann, Lois A. White and William G. Winstead. Standard banking graduates follow: Elizabeth S. Billiard, Jean Black, B, 1. Boudren. Grace M. Bromley, Donard R. Cameron. Julian /. Cardin. Roana Al Clary. John L. Copelan, Clarence E. Curtis, jr. Harold W. Denison, Judith M. Fishburn, John Paul Foley, Wil- liam French, ji R. T. Highfield Otis M. Hester, C. ¢, Hoskinson, Ca erine M. Krieg, Donald A. M. Mc Cormack, Joseph H. Motyka. Ells- worth Moyer, Helena D. Reed, Francii E. Robey, Harold J. Seeley, Julia M, Stone, Stella A. Taylor, Enoch J. Vann, Florznce M. Willer and D. E. Wisecarver. Certincates of graduation in stand ard economics will be given the fo!- lowing: Elizabeth 8. Billard, Jear Black, B. 1. Boudren, Grace May Bromley, Donard R. Cameron, Julian 0. Cardin, Roane A. Clary, John Jy Copelan, Clarence E. Curtis, jr.; Hai 0ld W. Denison, Charles R. Fadele s Judith M. Fishburn, John Paul Fole William §. French, jr.; Otis M. Hets ter, Robert T. Highfield, C. C. Hon kinson, Catherine M. Krieg, Donald McCormack. Leo E. Madigan, Joscs! G. Motyka, Ellsworth Moyer, Williars Rea, Helena D. Reed, Francis Robey Julia M. Stone, Stella A, Taylor, G. 3 VanHoesen, Enoch J. Vann, Florence M. Willer and D. E. Wisecarver. Trading on the Washington Stock Exchange today was restricted en- tirely to stocks which were stronie with the lone exception of Capita. Traction. This issue continued weak- er, closing at a new low for the present movement, 91%. on sales ag- gregating 60 shares. National Mortgage and Investment preterred advanced to 9% on sales of 170 shares, and Lanston ruled steady Washington Gas was une changed at 50%:, and Rallway pree' terred brought 74,