Evening Star Newspaper, August 29, 1924, Page 18

* FIN 18 STOCKS SELL OFF N FINAL TRADIG Market Very Uneven During Day—Severe Break in Pan-American RY STUART P, WEST. £aecial Dispateh to The Star, NEW YORK. Augu. in stocks today was again upied with individuxl movements rather than with the fluctuations of the mar- ket in general. There were points of decided strength and others of just as decided weakness. The former Were more numerous, Steel common ran into the same support around 107 ex dividend as has been noted for some time pas Short covering was active in Bald- win Locomotive, American Can and 1 General (ric. The strength of Crucible Stecl was interesting in view of unfavorable predictions regarding the report for the tiscal year ending ~ Soust 31, which were current a few weks 4go. At that time the stock driven down below 50. At to- Aay’s figures it had recovered nearly 3% pooms Maxwell Ixsues Worlting the estimates. of eurnings since the first of July. the pool in Maxwell Motors A made further progress. Vanadium Corporation shares w bid up, and xo was Pressed Steel on the idea that resumption of the preferred dividend was probable. The head of the latter company stated at the time the dividends were deferred that if it finally were found, as seem- ed probable. that the preferred re- auirements had been covered during the fiscal year, the stock would be restored to a dividend basis. Realizing sales w felt in_ the shipping stocks, In ational Mer- cantile Marine preferred and Ameri- can International especially Break in Pan American. A severe break occurred in the Pan- Americans following the publication of the semi-annual statement. Showing $2.03 4 share on the combined “A” and “B” as compared with in the corresponding period of Other oils were not affected. but they were still slugg Very heavy selling de- veloped in Superior Oil, resulting in the u-ual unfavorable rumors which ac- company any selling movement in such a low priced stock. The operation based upon the favorable decision in Superior Oil's suit against Atlantic Re- fining docs mot appear have been a success Vanadium Corporation’s vance was a sequei to the buying which has been noticeable in the recent de- cline, and carried the stock Yo its high- est point siner last spring. The ex- pectation of improved business in the stecl and automobile industries was behind Vanadium's rise today International Cement Strong. The third quarter results of the International Cement Co.. according to latest calculations, will exceed even the most optimistic estimates of a few months ago. The argument that the importation of cement from lu- ropean countries where it has occur- red has indicated the danger of for- cign competition is entirely discredit- ed by those who understand the In- ternational Cement situation. Because of this company’s low costs due to the strategic location of ils various plants, it is able to meet foreign com- wetition and still net a substantial ncome. Prices React at Close. Most of the leaders reached their Best prices in the early afternoon. During the last hour and a haif, the market as a rule reacted wnd smelting shares. however, came into more prominence and North American stood out strongly still re- sponding to the unexpected offer to substitute an additional cash pay- ment for the tender of new stock. The run-up in New York stock in the final trading brought a revival of re- ports of one of the big railroad tems negotiating for the company’ properties. Cessation of the peculiar selling in Anaconda Copper was a notable incident MARKET CLOSES STRONG. Interest Do Well. on extremely high ar o sharp ad Dawes Plan Helps Prices to Swing Upward. Br the Associated Press. NEW YORK, August —-The Ger- man Reichstag's acceptance of the London agreement on the Dawes re- port and the ability of the market to withstand a four-point drop in Pan-American sues turned the course of prices upward in today's stock market. Net gains in popular issues ranged from 1 to 5 points. To- tal sales approximated 0,000 shares. The closing was strong. Renewed accumulation of the copper shares. which moved up 1 to 2 points, and a jump of 73 to 121! 4 new top, by Associated Dry Goods featured the late dealings Markets at a Glance NEW YOR Stocks, higher; Pan- Americans olated heavy spots Bonds—Stead: foreign issues rally on Reichstag vote. Foreign Exchange— Firm; sterling and Francs respond to European news. Cotton—Steadier; improved European demand on favor. able weather. Sugar—higher; firm spot market. Coffee—Easy; bearish Brazilian crop news CHICAGO.—Wheat—Higher; bullish cables. Corn—Lower: profit taking. Cattle—Steady. Hogs—Active and higher. VOTING DATE FIXED. CHICAGO, August 29.—Members of the Chicago Board of Trade will vote September 8 to decide whether Chi- cago will become a cotton market. ‘The rules were posted today for bal- lot. A cotton futures market on the floor of the exchange, market lead- ers believe, would not conflict with the New Orleans and New York ex- changes, but would stimulate inter- est in cotton and ald in developing a_broader market. Under the new rules being publish- ed, the proposed cotton futures mar- ket would function under the cotton futures act. REPORT LIFTS STOCKS. NEW YORK, August 29.—Stocks of chain store companies like Wool- worth and Kresge were in demand fol- lowing publication of the September review of the Federal Reserve Banks, which said July sales of chain stores were 14 per cent larger than last year. That gain compared with an increase of 5 per cent reported for June. The increase was wholly due to the fact that additional stores have been opened by the operating companies. : FIRST COTTON PAYMENT. SHREVEPORT. August 29. (Spe- cial))—The Louisiana Cotton Grow- ers’ Co-operative Marketing Associ- ation has decided to make an initial payment of 15 cents a pound on 1924 cotton handled by the organization. Total payments for the last crop were $4,023,387. The 29,890 bales handled brought an average price of 28.23 cents a pound, Copper | ANCIAL. Adv Rumley. ... 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) AmCar & Fy AmC& ¥ pf ( Am Chain A Am Chicle, . Am Drug : Am & F P 25%(7) AmFor P f pd(7) Am Hide & L pt. AmlIce (7)...... Am Internatl. AMLaFF E (1. Am Locomo (6). Am Metal (3). . Am Radiator (4) Am Saf R (500).. Am Ship & Com. AmSm & Re (5. AmS& R pf (7). Am Stl Fdys (3). Am Sugar. .. . Am Sumat Tob. . Am Sum Tob pf. AmT & Tel (9).. Am Tobae (12).. Am Tob B (12).. Am Water Wks. Am Woolen (7 Am Wool pid (7) Am Zine. ne pf Anaconda Ann Arbor Arm of Del (7).. Asso Dry G (3).. Asso Oil (1 > At T & S Fe (6). AT&SFpf(5). Atl Birm & At... Atl Coast LL (18) . Atlantic Refin. Austin-Nichols. Bald Loco (7)... Bal & Ohio (5).. Bul & Oh pf (4). BarnsdallA..... Barnsdall B..... P'ch Nut (2.40) . Bethlehem Steel. Booth Fishcries. Brk Edison (8).. Brk-Man Tran.. Br Man T pf (6). Brklyn Un G (4) Butte&Superior. | Cal Packing (6). Cal Pet (1%) . Cal Pet pf (7)., Callahan Z Lead Can Pacific (10). Cent Leather Co. Cent Lea Co pf. . Cerro de Pasco(4) Chand Mot (6).. | Ches & Ohio (4). Chicago & Alton Chic & Alton pf. Chie Sast I, . Chic Gt West. Chic Gt West pf. Ch Mil & § vellow C (4) Chile Cop (23%). Coca-Cola (7). Colo Fuel & Iron Col Carbon (4).. Col G & E (2.60). Com Solv A (4).. Com SolvB..... Congoleum (3).. Conley Tin Foil. Con Cigars pf (7) Consol Gas (5).. Consol Textile. . Cont Can (4).... Cont Mot (20c).. Corn Prod (2) Cosden Co. Crucible Si 2 Crucib St pf (7). Cub Am Sug (3). Cuban Cane Sug. Cub Cane Su pf.. Cub Dom Sug pf. Cushmans. ... .. 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).. Du Ptde N db (6} Eastman (17%). iton Ax (1.60) . 1 Stor Bat (4).. ind-John (5)... Erie.... 4 Erie 18t pf.. Erie 2d pf. 5 Exch Buffet (2). Fairb'ks (2.60).. Famous Pl (8).. Famous Pl pf (8) F'dM &S pf (7). Fid Phe F In (6), Fisher Bdy (10). Fisk Rubber.... Fisk Rubber pt. Fleischman 13%. Foundation (6). Foundation rts. Freeport-Texas. Gen Am T C 3). Gen Asphalt. .. General Elec(8) Gen El spe (60c) Gen Mot (1.20) .. Gen Mot db (6).. Gen Petm (2). Gimbel Bros. Goldwyn Pict Goodrich Goodrich pf (7). Goodyear pf. . .. G'dyear pr pf (8) Granby Consol. . Gt North pt (5).. Gr Nor Ore (3) Gr Canan Cop. .. Gulf Mo & Nor.. Gu Mo & N pf (5) Gulf SLStl (3)... Hanna rst pf (7) Hartman Co (4). Hayes Wh'l (3). Househ'd Pr (3). Houston Oil. ... Hud Mot C (3) Illinois Cent (7). Indian Motoreyc Inland Stl (2%). 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 CAg (5) Int T&T (6).... Invincible Oil... Jones Bros Tea.. Jordan Mot (3). Kan City South. Kayser Jul & Co. Kelly Spr Tire Kenne Cop (3) Keystone T & R. Kinney G R Co.. Kresge Dep Str. Kresge S8 (3). Leh Val 3%)... Lig & Myrs (3).. Lig & Myrs B (3) Loews Inc (2) Loft Incorpor. .. Loose-Wiles Bis. Lorrillard (3)... Louis & Nash (6) MecCrory B. . . Mclntyre (75¢).. Mack Cos pf (4) Mack Trucks (6) Mack Trucks rts. Magma Copper. . Open. High. 11 11% 33% 384 9% 9% 3% N 14% 3% % 132 116% Low. 11 38% 9 9% Close. 11% 28% 0% 9% 73% 64 144 374 41% 131% 115% 169% 123% 23% 21% 5 116% 17% 624 THE EVENING STAR NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Low. Close. 23 23% 23 23% T6% 6% 764 T6% 46 46 46 46 27% 2% 27% 27% 31k 31% 31% 31% 82 324 32% 37% 40 394 69% 69% 16 16% 954 98 z1 21 23 23 1% 83 2% 16 % 18 52% 66% 3476 23% 8% 678 37% 3814 21% 166 1% 60'% % 41 108 111 90 32 49 24% 20% 18% 126% 30 a8y 65% 8 2% 95 Mallinson & Co.. Man El gtd (4) Man El md gd 4. Maracaibo Oil. .. Marland Ofl. ... Martin-Parry (4 J.athieson Alki Maxwell Mot A.. Maxwell Mot B.. v Dept St (5). Mex Seabd (2) Miami Cop (2).. Middle StOll. ... Midld Prpf (8).. 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¢c Nat Biscuit (3).. Nat Dairy (3). Nat Dept Stores. Nat En & St. Nat Lead (8) . Nat Ry M 2d pf.. Nat Supply (3) Nev Cons Cop. NYAIrBr(4)... N ¥ Central (7). N Y C&StL (6). NYC&SIL pf (6). N ¥ Dock. N'Y Dock pf (5). NY NH & Hart N Y Ont & West. orfoll South. Norf & W (18 North Amer (2). North Am pf (3). North Pae (3)... Otis Steel. . . Owens Bot (3) PacG&E (8)... Pacific Ol (2) .. Packard (1.20) Pan-Amer (4).. Pan-Amer B (4) Penn Railr'd (3) Penn Seab Steel. Pere Marq (4) . Pere Mar pf (5). Pere M pr pf (5). Panhan Pr & Re. Phila Co (4). Phila& R&I. Phila & R&I ctfs Phillips Pet (2). Phillips Pet rts. Pierce-Arrow. .. Picrce-Arrow pf P-Arprpf (8)... Pierce Oil....... Pierce Oil pt. Pitts Ut pf (1 Pitts Ut ctfs 1.20 Pitts & West Va. P& W Va pf (6). Postum Cer (4). Press Steel Car. Press Steel C pf. Prod & Refiners. PubSerNJ (4). Public Serv rts.. Pub S NJ pf (5). Pullman Co (8). Punta Al Su (5). Pure Oil (1%).. Ry Stl Spg (8). ¥ Cons Cop. Reading (4). Reading rts. Read 1st pf (2).. Remington Type Replogle Steel. . Rep I & Steel. .. vn'ds Spes (1) v Tob B (3)... a Ins A (6). Roy Dtch (3.46). Rutland pf...... St Joseph Ld (2) 1L San Fran. 54 "y 1% 34 80 13 25 13 13 62% 102 66 454% T0% 27% 58% 17% 108~ 125% 52% 223 - 121% 12% 60% 20% 35% 38 114 48% 15% 75% 954% 43% 3% 28% 25 59 41% 68% 60% 125 St I Southwest.. L S'th pt (5) Savage Arms Kchulte (8)..... Seaboard AirL.. 16 ab'd Air Lpf.. 274 Sears-Roebk (6) 103% Seneca Copper.. 1% Shattuck-Ariz. 6% Shell UnOil (1). 16% Simmons Co (1). 24% Simms Pet. .« 13% Sinclair Ofl 17% Skelly Oil. ... 18% Sloss-Sheff (6 2% So P Rico Su (6). T1% South Pac (6)... 93% Southern Ry (5) 67% South Ry pf (5). 74% Spicer Mf pf (8). 85k Std Gas & El (3) 354 StoilCal (2).... 58% StOil N J (1) std P1GI (75¢) Sterling Pr (4).. Stew’t Warn (5). Stromberg C (8). Studebaker (4).. Submarine Boat. Superior Oil.... Sweets Co of Am ‘Telautograph Tenn C & Sh. Texas Co (3). Tex Gulf (16%). Texas & Pacific.. Tex & PacC & O. Third Avenue... Tide Wat Oil (4). Timken (13%) Tob Prod (6).. Tob Prod A (7) Transcont Oil. Un Bag Pa (6). Un Pacific (10) Un Pac pf (4) Un Tank Car (5) Utd Cigar Stores Utd Ry Invest... U S CastIron P. U S Hoff Mach.. U S Ind Alcohol. U S Rubber. USR 1st pf (8). U S Smelting.... U SSmt pt (3%) U S Steel (16).. U S Steel pf (7) Universal Pipe Utah Copper (4). Utah Securities. 34y 30% 61% 52 65 38% 9% 5% 2 40% % 36 8% 11% 122 4 635 90% 4% 42% 143% 76% 116 50% 17% 104% 21% % 34% 87% 1% 43% 107 121 165 7% 30% 25% 1% 5 68% % 15 2% 42% 91y 11% 64 90% % 43% 1443 6% 116 61 17% 108% 21% T2% 35 874% 33 44 108% 121 16% 9 31% 27% 1% 5 68% 5% 15 2% 42% 1% 11% 43% 144% 76% 116% 51% 17% 108% 21% T8% 35 87% 33 44 1084 121 16% 79 1% 2% 1% 5 68% 5% 15 2% 42% 9% 11% 20% 20 20 69% 68 68 112 112 112 63% 63 634 1246 12% 23% 23% 3% 1% 5% 4% 8% 69% 113% 29% 68 41% 41% 41% Vanadium Corp. Va-Caro Chem.. Valr C&C pf (5) Va Ry & Power. Vivadou......es Wabash. . Wabash ptA.... Wells Far (2%). West Pen pf (7). West Maryland. Western Pacific. 20% West Pac pf (6). 69% West Un Tl (7).. 112 West E&M (4). 63 Whl & LErfe.... 124 Wh Eag Oil (2). 28% White Mot (4)... 62% Wickwire Sp 8tl. Wilson & Ce. . Wil & Copt Willys-Overl'd Willys-Ova pt. .. Woolw'th n (3).. 113% Worthing P’mp. 29% W'thPpfB(6).. 68 Wrig W Jr (3).. 41% Yellow Cab (5).. 62 53 bl 53 Youngst S&T (5) 66 66 68 6 {Partly extra, $Payable in preferred steck. Dividend rates as given in above table are the sanual cash paymeats based latest quarter] Unless _othe: Boted, dividends are net 2% 42% 9% 11% RATES ON BAR SILVER. LONDON, August 29.—Bar_silver, 34 7-16d_per ounce. Money, 3% per cent. Discount rates: Short bills, 3% per cent; three months, 313-16a 3% per cent. WEEKLY COTTON REPORT. LIVERPOOL, August Weekly cotton statistics: Total forwarded to mills, 45,000 bales, of which 25,000 . 367,000; 125,000. iports, 26,000, American, 7,000. Exports, 8,000; Ameri- can, 6,000, BRISK REVIVAL IN FRENCH BONDS Wilson Mortgages Rally Nearly Point—Heavy Trad- ing in St. Paul Issues. BY GEORGE T. HUGHES, Special Dispatch to The Star. W YORK, Augus cipal episode in today was the revival in French issues. This was apparently a belated re- sponse to the ratification of the Lon- don agreement involving the Dawes plan, by the two branches of the French legislature and also to the ac- tion announced today by the Reichs tag. ¥rench government 7iis, in partic- ular, were heavily bought at advanc- ing prices. The 8s followed along. and French municipals were conspic- uously strong. The Lyons 6s, Bor- deaux 6s and the Marseille 6s were up more than a point. The advance «X- tended to Belgian bonds, more partic- ularly to the 8 per cents. Trading was very heavy again in St. Paul bonds. Support was en- countered in the 4s of 1925 around the 80 level, but they were freely supplied whenever they got through this figure. The same was true of the 4135 of 1932 around 61. The street is still very skeptical regarding the St. Paul situation, but admits that the whole outlook would be changed if earnings were to pick up materially during the next four mon Traction Bonds Steady. In the traction group, Railway 4s sold above 40, as against 3912 the previous day Rapid Transit convertible had sold as low as 87 on Monda as high as 88% Thursday, were quot- ed around 88. Third Avenue adjust- ments moved uncertainly. The Wilson first mortgage bonds railied nearly a point, indicating that they had experienced the worst effects of the receivership announcement There were no new bond offerings of importance. Dawes Plan Vital Factor. By the Associated Press. NEW YORK. August rallies in French bonds tc Jowedipatsase by the Germa tag of the bill assuring a of the Dawes program. French gov- ernment and municipal issues ad- vanced one to two points, with the Seine 7s scoring a gain of almost Bond experts have indicated that the trend of the bond market will be governed largely by propositions to put the Dawes plan into effect, hing- ing on plans of the German loan | RESULTS OF DAWES PLAN NOW AWAITED Wall Street Financiers to Watch Results of New Program in Europe. —The prin- bond market Brisk atch to The Star. NEW YORK. August 2% —The most | important incident today on its bearing on the financial outlook was the ratification by the necessary two- thirds majority of the Londbn agree- ment and the Dawes plan, in the Ger- man Reichstag. It had been stated | previously that whatever course the| German legislature took, the execu-| tive branch of the government would act favorably. But it was decidedly preferable that the acceptance should have occurred in the manner it did No further obstacle i1s left now | in the way of putting into operation | the program, which, it is hoped, will | result in the economic reconstruc- tion of Kurope and the upbuilding of international trade. The whole question which the markets have to consider is whether this program will accomplish the results expected. MORE CONSTRUCTION THAN IN JULY, 1923 Commerce Department Reports Gain for Six Months Also Notable. Improvement in conditions in the construction industry in July, 1924, over July, 1923, was noted in a state- ment issued by the Commerce Depart- ment today to refute published re- ports of a construction slump. The value of contracts let in 36 States in July, the statement says, shows an increase of 10 per cent over that of a vear ago, and the total contracts let from January 1 to the end of July showed a like gain over the same period of 1923. Practically all classes of construction contributed to the increase. WORLD WHEAT CROP UNDER LAST YEAR Agriculture Department Gives Forecasts Received From 21 Countries. Wheat production forecasts received by the Department of Agriculture from 21 countries give an aggregate production of 2,171,000.000 bushels, compared with 2,449,000,000 last year. ‘These countries produced 80 per cent of the crop of the Northern Hemisphere in 1923, exclusive of Russia and China. Of the 21 countries, increases are shown only in the United States, Bul- garia, Jugoslavia, Morocco and Chosen (Korea). The forecast for Jugoslavia is 68,343,000 bushels, compared with a production of 61,069,000 last year. Switzerland was among the countries in which smaller wheat and other grain crops -are forecast. LIVE POULTRY LOWER. CHICAGO, August 29.—Poultry— Alive, higher; fowls, 17a24; springs, 2614; Toosters, 16. Almost Evened the Series. Prom the Kansas City Star. Mrs. Smith wanted to go to the movies. Mr. Smith said he had put in a hard day at the office and was tired and would rather sit at home and smoke. Knowing the Smiths, any one could have predicted that they would go to the movies! “Let's sit down near the front,” said Mrs. Smith. “But I don’t like to sit neat the front,” Mr. Smith protested. “When I do that the picture hurts my eyes.” “Nonsense!” scoffed Mrs. Smith. “I like to be down close so I can watch the musicians. Soon the two were seated within comfortable seeing distance of the orchestra. “Oh, don't you just love to hear the rumble of the kettledrums?’ Mrs. Smith gushed. And then the worm turned, albeit ever so slightly. “Yes” Mr. Smith replied. - “Keep Quietd” WASHINGTON, D. C., 3. | Sao Paulo City 8s. { Tokio &s . lUud Kingm 5%s°37. 23 | Cd Steam Copen 63 | zurich 88 | Am Chains £ 65°33. /AmT& Teltrds.. | Central Leather 5s | Chile Copper 62 | Cuba Cane cv 78 '30 (Bales are 1o $1,000.) UNITED STATES BONDS, (Fractions represent thirty - sécondu. Example: 98-3 means 98 3-32.) Sales. High. Low. Close. 45 100-24 100-22 100-24 88 101-29 101-26 101-27 403 100-31 100-28 100-30 219 102 101-29 101-30 207 101-31 101-28 10129 8 104-26 104-26 104-26 FOREIGN. High. Lib 3%s - Lib 1st 4 Lib2d 4%s. .. Lib3d 4%s. .. Lib 4th 4,8, US4%s195 Low. Close. 93% 3% 102% 1027 9% 95% 100% 100% 107% 109 107% 108 109% 109% ysl vih Bl ol 101% 102 vzt 103 Yi% 108% 4% 110% viis Yol 99% Yo% 100% 110% b0 90 Argentine 65 '37 Argentine 7s Austria 7 Belgium 68 Belgium 7% Belgium §s. Berne 8s Bolivia 88 Bordeaux 6 Brazil 7s.. Brazil 8s..... Canada 6s1926. Canada bs 1931 Canada 5s 195 Cunada 5%s 1929.. Chile 7s 1943 Chile 83 192 . Chinese Gov Ry b3 Chiristiania 8s. Copenhagen 6 Cuba §lgs. ..... Czecho ds 1951, zecho 88 1952 ct Denmark és. . Denmark 3s.. Dutch E15%s. DEISKsct s Dutch East [ 6547 8 Dutch East I 63°62 36 | El Salvador 85'48.. 4 Finland s f 65 1945, 1 Framerican 7%s.. i4 French Govt Tigs. 341 French Govi ¥s. . . 6 95% 108% 8% vdn 1005 104% By B0 85 82% Y% b2 s1% v 8Th 21% o 9v% 99% ¥7% 97%a 12% a7 80 90'% 108% 109 9o " Hungary 6%s..... Japancse 4s. ee | Jupanese 2d 4355, . Japanese 614s. Jergens U M 6547, Lyons 6. Marseille 63. Mexico 45 '10 asntd. | Montevideo 7s.... | Netheriands 6s54. Netherlands 65 '72. Norway 63 1943.... b Norway 6s 19562. Norway 8s. Orient Dev d: s Paris-Ly's-Med 63.19¢ gUC 7128, ...... T6 nsland 65 | Queensland 7s. ... . Rio de Jan 8s 1946 Rio'de Jan 85 1947 | Rio Gr Do Sul 8s.. 97 100 93 B84 87 104% 98 65% 110 104% 91% | 840 Paulo State 8 | Seine Dept. of Ts. | Serbs Crotes Slo 8s 66 Soissons 6s 10 Sweden 6s.. 5 Swiss 515 1946. 87 104% 98% 65 110 1045 yia 3 105% 105 14 1124 11Z% MISCELLANEOUS. Ajax Rubber8s... 1 92% Am AgrChem 7'%s 52 94k 9 96 2 91% 23 94 15 100 32 ¥i% 26 101% l1s 13 Ud Kingm 5%s’29. 6 5 Uruguay 8s. . 92% 934 95% 9l% ¥in 100 ¥7% 101t 1015 % 51 97% 100% &5 91% 101 100 ¥9% 88 96 96% 100% 103 99% 105% 99% 105% 99w 100% 6% 8774 898, 5% 997 ¥8% 1064 1084 104% 106 96 104% 108 87% 106% 118% 102% 9% 96% 93% 101% “ B8 85% 92% Am Repub deb 65. Am SmIt&R 1st 5s. Am Sug ref 6s. . Am T&T cltrbs... AmT & T deb5%s. 33 101% Am Water Wks 6s. & Am Writ Paper 6s. 1 Anaconda 1st 6s... 95 Anaconda cv db 7s. 46 Armour & Co 4%s. 9 Armour of Del 5123 24 Barnsdall s f 8s.. Bell Tel Pabs..... Beth Steel pm 53 Beth Steel 5125 '53. Beth Steel s £6s. .. Brier H St 1st 5%s. Eklyn Ed gen 5s... Bklyn Edison 78 D. Calif Pete 6%5.... Can Gen El deb 6s. 984 100% 5% 92 101 100 9% 88 964% 96% 100% 109 997 106 997 @ CinG & E5%s'62 Col Gas & Kl 5s. . Commonwth P 6s. Con Coal Md 1st 5s. Consumers Pow 5s. Cuba Cane cv d 83. Denver Gas 5s... | Det Edison ref 61 {Du Pontde N 7% Duquesne Light 63 st Cuba Sug 7%s. Empire G&F T%3.. Fisk Rubber 8s. . Francis Sug 7%s- - Goodrich 6%8. Goodyear 85 1931. Goodyear 8s 1941. Hershey 6s 1942 Humble O&R 5%3 Illinots Bell 1st 68 Illinois Steel 4%8 Indiana Steel 5s... Int Mer Marine 65 Inter Paper 58°47.. KCP&Lt5sA'S2 Kan G & El 68°52.. Kelly-Spring 8s... Lackawa S 5s'50.. Liggett & Myrs6s. Lorillard (P) 78.. { Magma Cop cv 7 Manati Sug sf 7% Midvale Steel 55 ct. Montana Power 5s. Mor's&Co 1st 4% N Y Eden 1st 6%48 N Y Tel 4%s. 41. 4. North Am Ed 6s... North Am Ed 6%s. Nor Ohlo T&L 6s. . Nor States Pow bs. Nor States Pow 6s. Northwst B Tel 78 Otis Steel 83 . Pacific Gas & E15s Pac T & T 1st 53 People's Gas5s. . Phila Co 5%s’38. Phila. Coref 68 A Phi! & Rdg C&15: Pierce-Arrow 88 Pierce Oil deb 88 Pub Serv Elec 6 Punta Alegre 7s Saks & Cosf7s © oo o ORORRNNE OGN0 O ENE~o -t - in Crude Ofl 5%s. gm Crude Oil 65 Sin Pipe Line 58 South Bell Tel & So Por Rico Sug 7 Southwest Bell 63 Steel & Tube 3. Sug Est Orient 73 Tenn Elec Pow 6s. Unlon Bag & P 6s Unit Drug cv 8s USRublstrt U S Rubber 7%s. U S Smelter 63 USBtecl sfls. Utah Pow & Lt 68, va-Car Chem 7 Va-CarCh 1%ssw ‘Warner Sug 7s '39. Warner Sug 75 '41. Western Elec s West'n Union 6% Westinghouse 7e.. Wickwire Spen Willys-Ov 63833 Wilson & Co 1st Wilson & Co cv €s. Wilson&C cv 7%s. Winchester A 7% YoungstnS& T 6 NP aNaAN~ORaCAND HN~aAOAOR=0 0 S =4 9% 94 116% 84% 103% 102 104% N% 65 3¢ 1% 102% 98 109% 108% 1% 3 86% AT% 50 109% 108% 7 98 85% 46% 484 101% 101% 5% 95% o CHICAGO BUTTER PRICES. CHICAGO, August' 29.—Butter, higher; creamery, eltm\x’l; stand- ards, 36%; extra firsts, 35%a36%; firsts, 34a35; seconds, 32a33. Bges, lower; receipts, 10,657 cases; firsts, 33a34; ordinary, firsts, 30a3L. 95% FRIDAY, AUGUST 29, l N NEW YORK BONDS STOCK EXCHANGE ' Received by Private Wire Direct to The Star Office. | Northern Pac 3s. 1924. RAILROAD:! Atchisonadjdés.... 8 82 Atchison gen 4s... 25 #8% AtlanticCL 1st 4s. 19 88% . 11 100 12 87 213 89 . 15 23 139 PLEWYV ¢s.. SW div 3%s. 10 Bklyn-Manhat 6s..193 Buff R & Pitt 4%s. 38 Canada South 5s Canad North 6%s. . Canada North 7s. .. Canad Pac deb 4s.. Car Clinch & O 5s. . Car Clinch & O 6s. . Cent of Ga 6s. Ches & O cv 4% Ches & O gn 4% Ches & Ohio cv 5s.. Chi & Alton 3%s. .. Chi B&Q gn 4838, Chi B&Q st rt CB&Q-Ill 3%s. CB&Q-llldiv 4s.. Chi& E 11l gn 6s. . 125 Chi Great West 4s. 41 ChiM & St P 4825 CM&StPdbs... Chi M&St P cv 4148 Chi M&St P rf 4345 Chi M & St P cv 6s. ChiM & St P'6s.... Chi & N W ref 53, ChiRys6s........ ChiRI&Pgn 4s.. Chi R1& P rf 4 ChiTH&SE bs ChiUnsta d%s.... Chi Union Sta 6s. Chi Un Sta 63s. . .. Chi & W Ind cn #s. Chi & W Ind 7%s.. CCC &St Lbs. . “C&StLrf6sA. Cleve Term 5s..... Cleve Term 5%s. .. Colo & Sou 4%s. .. Del & Hd 1st rf 4s. Del & Hudson 5% Den & Rio G cn 4 DesM & FUD 4s... Det United 4%s. Erie 1st con 4s. . Ericgends........ Erie conviasA..... le conv 4s B. ic conv 45 D. . Erie con ext 7: Erie Gen ee R 63 Gr Trunk =f db 6s.. Grand Trunk 7s. Great North 5s. Gr North gen 5%4s. 1004 | Gr North gen 7. i 108% | Hud & Man ref 5s.. 2 5 i Hud & Man a; 5 6 1 Central ref 4s Int Kap Tran bs. Int Rap Tr 55 stpd. Int Kap Tran 6s. Int Rap Tran 7s. Int & G Nor 1st 6s. Int & G Nor aj 6s Kan ¢ FtS4s... KansasCity $6s.. 3 Kan City Term 4s.. 7% 4% | Guly | w09 107 | 1150 | 931a | Lake Shore 4s 31. Manhat 'y cn 4s Market St Ry 7s... Mil ElI Ry & L 5s. M & StL TS ex 5: M StP & SSM cn 5s. M StP & SSM 6 MK & T 1st 4s. MK & T adj bs. . MK&TprinbsA. MK &TésC. g Mo Pacific gn 4s... 3 Mo Pacific 55 '65. Mo Pacific 6s. Montrl Tm st 5s NewOr Term 4s. NOTex&M inbss. N Y Cent gen 3%s. N ¥ Centdebds... NY Centribs..... N YCent deb 6 N Y C & St L db 4 NYChi& SL5%s. NYC&StL6sA New Havencd 6s.. New Haven Ts. New Haven 7sfr. .. New York Ry rf 4s N Y Ryrfdscifs.. N Y Rysadjssct.. New York Ry aj b3 NY W & Bos 4133, Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 4s... i 1 Northern Pac 5s D. 3 Northern Pacr i s Ore-Wash Ist rf 4s 3 Pennsyl gen 41s.. Pennsyl gen 5s.... Pennsyl 6%s. Pennsyl gold Peoria & IS inc 4s. . Pere Mrq st 4s Pere Marq 1st bs. PCC&SLLGsA Reading gen 4s.... Reacing gn 4%s... Rio G West cl 4s... RIATk & L4%s... St LIM&S R&G 4s. StL&SFplésA.. St L& SF prinSs. StL&SF6%sD.. StL &S F adj 6 St L& S F inc 6i StL&SFplés StLSW lst 4s. St LS W con 48°32. StP & KCShL 4%s. StP Un Dep 5%8. San A & Arn P 4s. Seab'd A Liref 4s. Seab'd A L adj &3 Seab'd A Lcon 6s.. Sou Pacific 48’29 Sou Pacific ref 43 Sou Pacific ctl 4s Southern Ry gn 4s. Southern Ry 1st b3 Southern Ry 6s ct. Southern Ry €%s.. Third Ave ret 4s. Third Ave adj 63 Tol StL& W 48. Union Pac 1st 4s... Union Pac 1st rf 4s Union Pac 4s8°27. Union Pac 1st rf Union Pacific cv 6a. 24 Virginia Ry st 6s . 13 Western Md 4s.... 25 Western Pacific 5s. 22 West Shore 1st 4s. 4 83% Wisconsin Cent 45. 4 82 JULY FOREIGN TRADE UNDER LAST YEAR | 914 85% 99 103% % 1047 95 64 897 82 82 Both Imports and Exports Lower Than at Same Period in 1923. The country's imports during July | totaled $276,818.940 against $287,433,- 769 for July, 1923, a decrease of $10,- 614,829 from the corresponding month last year, the Commerce Department announced today. Exports for July were valued at $276,739,329 against $302,186,027 for July, 1923, a decrease of $25,446,698. IMPORTS. July, 1924 July. 1923. $52,089. Africa . EXPORTS. Grand Divisions— ‘True love may fill the cup to ove: flowing, but it's the other kind t slops over. z * { little effect on the immediate market {the w inet f1e | Mareh au1s | 11.00a2.50 | quart {rel: | fat steers for a short FINANCIAL. COTTON QUOTATIONS CHANGE BUT LITTLE Traders Even Up Contracts for Holiday—Spot Market Weaker. B the Associated Press. NEW YORK, August 29.—Business in the cotton market was only mod- erately active early today. Much of it was attributed to further evening up of accounts in preparation for the approaching holiday The opening was easy at a decline of 18 to 27 points in response to rel- atively easy Liverpool cables. The market was steadied right after the call by continued covering promoted by doubt as to the present Drogress p but after =elling up from 24 December broke to ive months showing net about 26 10 52 points. vate crop report making the 9 with an indicated yield 529.000 based on the Govern- ment estimate of the acreage, had Cotton futures closed steads. H Octoer nx Quot. NEW ORLEANS, August 29 cotton market opened easy today be- cause of a weak Liverpool. the mar- ket being .apparently influenced by Jker spot basis in the South- rst trades showed o 18 points and October soon truded down fc 76 and De-| cember to 0. or to 26 points} lower compared with yesterday's | close. There was a recovery of 12 to | points from the initial laws. the | steadier tone being influenced tol! ome extent by fears of the hurri- ane. now cast of I'orto Rico reach- ing the cotton belt ires closed steads points High 10 ern m losses of 17 at net advance | Tow Close. R Deceniber January May Gpen ember. id: May, GRAIN AND PROVISIONS. BALTIMORE, August 29 (Special) Potatoes—New, barrel, 1.00a bushel, $0a%0. Beans, bushel, 163, Sweet potatoe 190, #0400, 100, 0024.00 Corn d v, bunch, | bask 1.00a1.25. | “6a1.00, Llnm' Lettuee, | neumbers basket sushel shel, 1.50a | Peppers. | basket, S0a matoes, bushel, bushel, 15 Spinach Ket. 30a60 packing stock Peas 25a 90. Squash, ba basket, $0a35 1.00a1.10 App 00246.00 kherries, nd 10450, Peaches 10 auart, 10a fa5. Crab- Huckleberries bushel. 7ha | Watermelo Cantaloupes, basket, | basket, 40a1.25. | | i | bushel, | { 10a11. ask et 15.00265.00. apples, ing Prices on Grain. Wheat—No. red Winter, Winter, Winter, “pot garlicky. | garlicky, | red rea 5 per_bushel vellow. 6.30 per bar per barrel; N no_quotations: N track corn! vellow, Corn—cob, old old white, 6 corn, spo quotations; Sales—None Oats—No. 2 new auotation Rye— 58439 earby. 93al.00: 12 tons. There is in the demand for any grade and curre receipts of new | hay are ample for all trade require- ments. The range of sales in hay is 16.00 to 20.00 per ton, with heated and | off ¢k having no definite demand. raw—No. 1 wheat, new, 2.00a 5.00: No. 1 oat..new, 13.00a11.00 — D CHICAGO GRAIN PRICES. CHICAGO. August 20.—Wheat dis plaved an upward tendency at th start today largely because of higher quotations in Liverpool and on re-| ports that the crop in parts of Argen- tina show deterioration. rain being ! urgently needed. It was pointed out | that any material damage to the crop in the Argentine would change the world's statistical position materially. Houses with northwestern connec- tions and cash interests were good buyers at the outset und the advance was easily attained. On the bulge, | however, & good class of selling was brought out and the best figures were not maintained. After rting at % to 2% advance, with September 124 to 125 and December 128% to 130, the wheat market suffered a slight general setback Corn lacked the snap which has been prevalent for the past week, the market showing independent weak- ness. After starting_at unchanged figures to 1% higher, December, 1141¢ to 115% the market sagged a trifie and then declined lower than yester-: day’s finish. Oats sympathized with other grain, opening at % to Ty advance, with De- 332 to 54 and later dropping below the previous close. Provisions were firm in line with an advance in the price of hogs. WHEAT— Open. High. September 12 December May CORN September . December M OATS September . December September October November RIBS— September . October CHICAGO LIVE STOCK MARKET CHICAGO, August 29 (United States | urban, | rasked Y2 land ANACOSTIA BANK - 10 ERECT HOME Business Requires Larger Edifice—Pepco Makes July Report. BY CHAS. P. SHAEFFER. The Anacostia Bank will construct @ handsome new edifice on the south east corner of Nichols avenus and U street to be used as its future home. The present home is entirely inad- €quate to care for the bank’s busi ness, it was said Authorization for this action was Eranted at a special meeting of di rectors of the institution vesterday an:i the site, given above, measuring 365 by 118 feet, has already been pro cured. The office of the controile: of the currency has sanctioned the' move. The new bank will occupy an area 38 by 100 feet on the corner of the: plot, and the remainder of the tract: will be sold A building committee, comprised of Maurice Otterback, president of th institution: J. ¥Frank Campbe! George King, L. W. Thompson and James E. Toner, has been named, and will make a tour of inspection of lo cal banks next week when the type of structure will be chosen. Mii- bourn & Heister Company has been selected as architects, and the actua! work of construction will be startec about October 1. The Anacostia Bank is at presen? located at 2021 Nichols venue, dod ing practically ail its business in one large banking room. It has tota resources of approximately $1,121,000, with deposits of about $997,000 4 is capitalized at $50.000, with a lik: amount of surplus, and approximate ly $20.000 in undivided profits. It i significant that the institution ha~ never missed a dividend payment. P. E. P. Co. July Report Made. corporate income of the Poms e Electric Power Company amount to $106502 for July, 1924, an in- crease of about $40,000 over the cor ng month of last year. Washington Railway and Hlec tric Company, proper. earned $12.461 rease from July of las of about 150.000 reve- nue passengers was responsible, the report shows Subsidiaries of the carriers report ed lossex, as follows: City and sub- urban, $16 Georgetown and Ten- levtown, $628, and Washington inter $1.0 Gross revenues of the first 50 cl railroads to report July earning gregated $275.393.000, a decrease of about 10 per cent under the xam month of last vear. Net operating come which giso declined about 11 per cent 1o $58.445,000 was a gain of 10 per cent over the month before on Unlisted Securities Prices. The following latest “bid” and prices for unlisted xecurities are quoted for the guidance of hold- ers of these issues BONDS. Asked Arms and Navs Club 5 Cosmos Club 4. Commercial Club 15t itan Club 4 z STOCKS. Anscostia Rank Chapin Sacks 7% pld Chapin-Nacks 8¢% pfd Citizens' Savings Rank nnecticut Pie Co ristian Heurich Brewers. Departmental Rank 2 District Title Insura nklin_National Ra: Munsey Trust Co North Cap Northwest Northeast Savings Hank avings Rank avings Hank Raleigh Hote) (o... 0 Washington Title Tnsurance (o hinzton Rase Rall Club... Woodridge & Langdon Sav. Bk... Personal Mention. A. . Waller, vice president of the International Bank, is spending the week end at Ocean Cit ! BARNES' SEES EUROF= AGAIN PROSPEROUS Special Dispateh to The Stars DULUTH, August 23.—Jurum Barnes. former head of the United States Chamber of Commerce and & large grain dealer, ueclared tods¥ that there was a new spirit in the world of foreign trade as a result of acceptance by European Nations of the Dawes plan. “Abetter day is now with us. 1 confidently believe to stay.” he asserted, adding: “The American farm, which has been the worst sufferer from the dis- organization of Europe, is beginning to reach a phase of actual prosperity. New price levels make farming re- munerative. Dollar-and-thirty-cent wheat and 80-cent barley mean farni profits once more, and farm profitd mean buying power, which stimulates all business.” GRAIN EXPORTS LIGHT. Baltimore Disappointed in Ship- ments to Date. Special Dispateh to The Star. BALTIMORE, August 28.—Receipts and exports of grain at the port of Baltimore have not increased to the extent dealers believed they would. For the last three months exports have been much below normal. Wheat is being rapidly harvested shipped from farms to ware- houses in the Middle West. This gr will soon begin to move in quantity to the seaboard, and the indications are that much of it will come herm for export. With short crops in Can-, ada and abroad, and fairly satisfaer tory crops and high prices in this country, the American wheat grower, will fare better than he has for sev- eral years. Department of Agriculture).—Hogs: Receipts, 18.000 head; active and de- sirable grades largely 10 to 15 higher; light lights and slaughter pigs mostly steady; big packers doing little; top, 10.10; good and choice, 160 to 340 pound averages. 9.60a10.10; better, 140 to 150 pound welght, §.50a9.25; pack- ing sows, £.5029.00. Desirable strong- weight slaughter pi 7.50a10. heavy-weight. 9.60a10.10; medium- weight, 9.65a10.10; light-weight, 9.00a 10.10; light lights, 7.50a9.85; packing hogs, smooth, 8.65a9.15; packing hogs, rough, 8.10a8.65; slaughter pigs, 6.50a 810; bulk of sales, 9.00a10.00; top, 10.10. Cattle—Receipts, 2,000 head; largely clean-up; market fairly act] de- sirable vearlings and handyweight teers, strong to 15 higher: spots con- siderably more than Wednesday's low; killing quality rather plain; bulk, best steers, 6.50a9.25; some meaty Mis- souri grassers downward to 6. conditioned handyweight steers, 10.00; top early, fairly active inquiry for desirable heifers and grain fed, weighty cows; these very scarce: canners scarce, higher; strong-weight kind, 2.85 and better: few bulls here: | bulk, veal calves, 12:50a13.00; few at | 13.50; country demand stockers and feeders widening; outlet considerably |3 larger than week ago: sharp decl in fat kinds, inducing buying of Kind. Sheep—Receipts, 12,000 head; active: fat lambs, unever: strong to 2§ higher: spots up more: sorting light; bulk natives, 13.00a13.50; culls, 9.00a ; western, a14.00; top, 14.00; sheep slow. steady; odd lots fat ewes, 4.50a! i no early sales feeding lambs; best held around 13.25; steady. POTATO MARKET WEAK. CHICAGO, August 29.—Potatosss trading very slow; market weak; reo ceipts, 65 cars; total United States shipments, 614 cars; Kansas sacked Irish cobblers, 1.00al.25; Missour: sacked Irish cobblers, 1.00a1.15; Min- nesota sacked early Ohios, 90a1.05 bulk, §5a1.00; Nebraska sacked earid Ohios, 1.00a1.15; New Jersey sacked Irish cobblers, 1.75a1.85. BOSTON STOCK MARKET. BOSTON, August 29.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: High. 127 Tow. 1267, 91 Close 12700 0, Amer Tel & Tel Arizona Com.. Hoston & Maine. Calumet & Arizon umet & Hecla. Connor, J. T. Copper Range’ Fast Butte.. New York Quiney .o ... Superior & Bokion. Swift & Co.. Swift ‘Internatic United_Sboe M U 8 Smelting. U 8 Smelting YVenturs Oil Waldorf . Warren Bros.