Evening Star Newspaper, September 4, 1924, Page 28

£ STAR, WASHINGTON, BRISKER DEMAND FOR GOOD BONDS 28 SELLING CONTIVES N STOGK MARKET FINANCIAL. THE EVENING NEW YORK STOCK EXCHANGE eceived by Private Wire Direct to The Star Office D. C, THURSDAY, SEPTEMBER 4, 1924 FINANCIAL, [ vox BONDS ok sscuvn] [ESLY QUOTATIONSANT [ FRATIN FOR CONVENTION Received by Private Wire Direct to The Star Office. I-OWER ON cono" (Sales are ia §1,000.) RAILROADS Average Reports Put Condition at Open. High. TLaw. “““"I UNITED STATES BONDS. Bales. High. 61.2 and Yield at 12, 33 39 39 % T8 T4 9% @ on 1% 14 1%t Open. High, 80% 80 44 4t 46% 85 Adv Rum pf (3). |l\ll‘ Reduct (4). IAixX Rubber. . {Alaska Juncau. . Manati Su pf (7) Man El Sup (4).. Man El md gd 4. Manhat-Shirt (3) (Fractions represent thirty - seconds. P Atchison gen 48 e Example: 98-3 means 98 3-32.) ;;u Sales. High, AtlanticCLecl 4 Low. Close. American Woolen Breaks Sharply on Passing of Common Dividend. BY STUART P. WEST. Special Dispatel: fo The Star. NEW YORK, September 4.—Selline continued today in the stock market in the greater part of- the re list It was not at all urzent but it w nt h to indicate the » ceneral acceptance of the view the forward swing had culmi ase of 7,000 barrels daily e oil produ -tfon was too slizht of any signi Oil share with the r - market Oil was noticcab’y heavy. « daropy below 40, Royal Dutch w A point. nioved fic Maxwell Metors Tumbles. on in Maxwell Mo- ) stock were Trucks re on the cument T L techn Pi \rrow pre early three points fre block of N S nainst of the erore was off temit ons for <hares, 4% was on the Foparts . in raw sugor to ought fresh buyi cents a pound b Sugar auoted ing that he Tock for any wer of the - end of the ve recent @ i aconsid T ativels *quar- el- s held reference company’s earnir E in the trade is noteworths lately was quoted as saying that the surpius will justify i ion dividend 1 a comfo has no matu funded debt has i reduced 216,000 sine 1. 1924, 2 at Famo poration would shortly tement on earnin that recently in menths tions rease in - report 1 net of on the common agains Ruying in Sugar Shares, Sugar stocks continued to be bought in the midst of the unsettlement else- where. For this the expl. ion w obvious enough in the advance of r suzar across i cents for the first time since Spring. The propaganda to depress price of sugar has not begn a violent this ¥ it h; E increase in the reate a feeling that ar industry is facing another pe- of over-production he recover, market is due to the rece th propagand: has ain been overdone. It not taken into proper account increase in con- | sumption in the d States and | the prospect ement of the export dem The president of the Cuba Cane Sugar Company was quoted today as predicting that this enlarged con- sumption at home and abroad would be sufficient to take up the (’l\'ll"u} surplus of the new Cuban crop. On the ing of the common dividend harp break followed in American Woolen stock. The share Which had been selling around 7 declined within a few minutes 6%, WOOLEN OFF 12 POINTS. ught, in the sugar nition that a the Un enla to Other Stocks Show Better Strength in Late Trading. By the Associated Press. NEW YORK, lators for the decline retained control of today's stock market, being aided in thelr operations by the gassing of the American Woolen dividend. Spe- cial strensth developed, however, in a number of issues, including Nickel Norfolk & Western, Lacka- and_Studebaker. Sales ap- ximated 750,000 shar, losing wis irre; unexpected oumission of tue quarterly dividend on American Woolen com- mon resulted in that stock breaking over 12 points 1o 603, a new low, and bringing about further unsettlem. in the general 1 Subsequeiit buy- ing of Studel which touched a new top at 40, and a brisk demand for Lackawauna caused a general strengthening of prices at the close. ular. The Markets at a Glance New York stocks irregular; Ameri- can Woolen breaks 12 points on| dividend omission. Bonds mixed western rail issues firm. Foreign c: changes unsettied; sterling and francs reactionary. Cotton lowgr; cooler weather Southwest. Sugar firm; Cuban and trade buying. Coffee higher; firmer Brazilian markets. Wheat lower; disappointing cables; Corn easy; favorable crop /Teports. Cattle steady to higher. Hogs slow and irregular. GRAIN RECORDS SHATTERED. CHICAGO, September 4.—Grain re- ceipts at the Chicago ‘market have shattered records of the last six years without any material slump in prices, acco;fling to reports compiled today by statisticians at the board of trade. Final figures on receipts for Tuesday show that 5,832,000 bushels of grain came into the market, of which wheat led with an aggregate of 2,536,800 bushels, the largest volume since 1918, the figures showed. Oats totaled almbst as much, and corn receipts were more than three-quarters of & million bushels. the | | Fisk Rubber.. .. | Gen Asphalt.. ! G'ayear pr pf (8) Specu- | | Int Pap pf st (6). | Jones Bros Tea.. Allled Chem (4). Allis-Chalm (4). Allis-C M pf (7). Am Agricul Chn Am Ag Chm pf.. Am Bank N (5).. Am P = (4 {Am Beet S pt (6) | Am Can (6). ... Am Can pf (7) AmCar & Fy( {Am Chain A (2). JAm Drng Svpa Am Exnress (6). Am & F P 250.(7) {AmFor P f pa() m Hide & L pf. Am Ice (T) m Tnternatl... m Linseed..... Am Locomo (6) Am Vetal (3). .. Am Radiater (4) Am S Am Sm & Re (5). AmS& Rpf (7) | Am Sugar....... Am Sugar nf (1) Am Stmat Toh. . Am T & Tel (M), Am Tohae (121 FamTon 1oy | Am Warter w Am Waolen (1) Am Wool pfd (7) Anaconda Arm of Tel <7y Assa Dry G (5) As DG 1St pf (6) Asso Ol (115), VT &S Fe (6) SMLF At D \fantic Rofin | Auto Kuitter... 62% 190 844 130 42w 75 131% 115 168% 24 [ num 1164 Loca (7) 1& Ohin (5) 1& Oh pf (4) tte&snnerior | Butterick Co... “ul Packinge (6) Corra 4 Certain-Td it Mot (6) <& Ohio (4) & Alton ©h Mil & St P pf N & Nwn () “hi R T & P: Chile Con ( o “ola (7). 1 & Tron Col Fuel pf (8).. lcolG & B« Com In Try Congole Conley, Tin F “ansol G Consol Textile. . Cont Can (4).... { Cont Mat (200).. { Corn Prod (2) Corn Pr 24% 1081 115 100 Crucible Stl (4). Crucib Stl pf ( Cub Am Suz (1), Cu Am Su pf (7). uban Cane Sug. Cub Cane Su pf.. “ushmans (3) {Cuvamel Fr4). 49% 13% 4214 123% 136% 109% 15% 11% 122% 109% 57 64 29% 40% 401 20% 2% 281 B0 Yols 52 11 9% 634 73%, o674 2% 8% 42% Gen Cigar (8)... 8% General Elec(8) 261% Gen E spe (60c). 11% Gen Mot (1.20).. 14 Gen Petm (2)... 40% Gimbel Bros. 67% Gimbel Brpf (7) 103 Goodricn....... 24 Goodyear 58% 96t 18% 65 30 | Dan Boone M(3) Dayidson Cher | Del & Hud (9) I Del L& W (6) | Det Ed Co (8)... | Dome Mines (2). | Doug-Pectin (1) Du Ptde N (8).. Eastman (17%). | BI Stor Bat (4).. ind-John (3). xch Buffet (2). airbanks Co. .. ks (2.60). . Famous Pl (8).. Famous P1pf () "d M & S pf (7). Fifth Ave ctfs Fisk Rubber pf. Fleischman t3%. Foundation (6). Foundation rts. Freeport-Texas. Granby Consol... Gt North pf (5).. Gr Nor Ore (3) GrCanan Cop... 16% Gulf St Stl (5) 5% fTanna rst pf (7) 89 Hartmran Co (4). 36% Hayes Wh'l (3). 33% Homestake (7),. 42% Househ’d Pr (3). 84% Houston Oil..... 71 Hud Mot C (3).. 29% Hupp Mot € (1). 12% Illinois Cent (7). 111% Indep Oil (1).... 7% Indiahoma Ref.. % | Indian Refining. 5% Inland St (23). 35% Inspiration Cop. 28% Interb Rup Tr... 2% Internat Agri. 1% Internat Ag new 6:/- Internat Ag pf. 8% Int Bus Ma (3).. 100 Int Ceent (4).. 50 Int Com Eng (2) 2% Internat Har (5) 98% Inter Har pf (7). 111 Int Mer Marine.. 9% Int Mer Mar pf.. 40% Internat Nickel. 17% Internat Paper.. 45% 71% 82 20% 12% 44 17% s1% 21 6% 184 16% 4 1% 74 51% 11 Int T & T (6) Intertype (f1 Invincible Oil. | Iron Prod (6) - Jordan Mot (3). Kan City South. Kan C S0 pf (4). Kayser Jul & Co. Keily Spr Tire.. Kenne Cop (3)... Keystone T & R. Kinney G R Co. . Kresge Dep Str. Lee Rub & Tire.. Leh Val (3%)... 53% Lig & Myrs B (3) 62% Lig & My pf (7). 117% Lima Loco (4) ~.. 60% Loews Inc (2).. 17% Loft Incorpor. 6% Loose-Wiles Bis. 65% Lorrillard (3)... 39% Louis & Nash (6) 98% MelIntyre (75cy.. 15% Mack Cos pf (4). 67 Mack Trucks (6) 97 Mack Trucksrts. 3 Mack T 1st (7).. 103 Macy RH& Co.. 64% Magma Ccpper.. 36 | Manati Sug (6).. 68 2% 720% 43 100 12%° 12% 344 6% 264 1081, 42 1004 48 12 T 31 121% 16% 49% 1313 a4 123% 139 109% 15% 1% 133% 109% 1 67% 29% 407 40% 20% 21y 284 803 vt 52 1% 9% 634 73% 867 2% 8% 427 87% 264% 1% 14% 0% 67% 103 24 68'% 96Y% 18% 65% 30 16% 5% 89 86% 35% 42% 3d% n 29% 12% 111% % kel 5% B85% 28% 28 1% [ 833 100 650% 27% 93% 111 9% 40% 1% 45% It 82% 29% 12% a“ 18% 31% 21 b3% 18% 16% 49% 1% 74 62% 1 53% 62% 117% 61 17% % 65% 39% 98% 16 67 9% 3 103 6474 36 3 72 i 121 fo1, AO% 181 125 mon, =l Tiw Maracaibo Oil. .. Mkt St Ry prpf. Marland Oil...... Marlin Rockwell Mathieson Alka. Maxwell Mot A. . Maxwell Mot B.. May Dept St (5). Mex Seabd (2) Mex Sea cfs (2). Miani Cop (2).. Middle StOil.. . Midld Prpf (8).. Minn & St Louis. Mis Kan & Tex.. Mis K & Tex pt. Missouri Pacific. Missouri Pac pf. Montgom Ward. Moon Mot (3) Mother Lode Nash Mot (110). ash Mot pf (7). 28% 46% 82% 9% 39 60% 16% 96% 1% 21 23% 1% 8232 2% 16 434 19% 534 364 23% B4 129% 1014 £6'e 55% o7 2814 45% 32w 9% 29 6% 167 96% DS 1st pf (7). at En & St..... at Lead (5).... at Lead pf ¢ Nat Ry M 2d pf.. at Supply (3).. *ons Cop N Or T&M 12315 XY ABrA (4., N Y Central () N Y € & StL () NYC&SIL pt N Y Dock pf (5). NY NH & Hart NV Ont & West Niagara Falls P arf & Wty orth Am (2.40) orth Am pf (3) [ North Pac (5)... Nunnally Co (1). |nn 1p (2 illips erce-Arrow. . cree-Arrow pt ree O pe. ... m West Va va pf (6) T (1) SNJ pf (8) Punta Al Su (5). Puliman Co (%) Pure Ol (116) Pure Oil pf (%) IRy St1spe (8).. 35% 42 | 84 70 29 12% 111% % % 5% 35% 284% 28 1% 5% 8% 100 49% 26% 91% 110% Oy 89% P 17% 44% % 824 29% 124 4 17% 31% 20% 58% 17% | 15% 48% 1% 74 62% 11 53 62 17% 60% 17 T | 65% 8% 38 15% 67 95% ay Cons Cop. eading (4). Replogle Steel. Rep It & Steel. .. Reyn'ds Spas (1) Rey Tob B (3).. Ins A (6). Dtch (3.46). Joseph La (2) LSan Fran... St L-San Frpf. St L Southwe: St L S'th pf (5) Savage Arms Fehulte (8)..... Seaboard Air L. b'd Air L pf. ars-Roebk (8) 104% neca Copper 2 Shattuck-Ariz. Shell Trad (2.06) Shell Un Ol (1). Shell Un pf (6).. Simmons Co (1). Simms Pet. co Sit (6). South Pac (8)... Southern Ry (5) Std Gas & El (3) St Oil Cal (2). StOilNJ (1) StOil N J pf ¢ Std P1Gl (75¢)... Stew’t Warn (5). Stromberg C (8). Studebaker (4). Submarine Boat. Superior Oil.... Sweets Co of Am Texas Co (3).... Tex Gult (16%2). Texas & Pacific. 36 Tex & PacC&O. 8% Tide Wat Oil (4). 120% Timken (13%).. 85 Tob Prod (6).... 68% TobProd A (7).. 91% Transcont Oil. 4% Twin City pf (7). 90 Underwood (3).. 37% Underw'd pt (7). 117 Un Bag Pa (6).. 42% Un Pacific (10).. 142 UnPacptf (4)... T4% Un Tank Car (5) 119 Utd Cigar Stores 51% United Drug (6) 84% Utad Fruit (10).. 216 Utd Ry Invest... 17% Utd Ry Invest pf 42% U S CastIronP. 107% U S Distributing 27% U S Hoff Mach.. 21 U S Ind Alcohol. 71% USR&Im (8).. 98% U S Rubber.. 35% USR1stpf (8). 884 U S Smelting.... 32% USSmtpf (3%) 45 U S Steel (16)... 108% U S Steel pf (). 121% Universal Pipe.. 18 Univer P pf (D.. 53 Utah Securities. 32% Vanadium Corp. 26% ValrC&Cpf (5) 6% Va Ry & Power. 68% Wabash........ 15% Wabash pfA.... 43% Wald Sys (1%).. 16 Web & Heilb(1). 15% West Pen (4)... 88 West Maryland. 11% West Md 2d pf... 19% Western Pacific. 21% West Un Tl (7).. 113% West Air Br (8). 93% West E& M (4). 63% Whi & L Erle... 12 Wh Eag Oil (2). 24 White Mot (4)... 63% Wickwire Sp8tl. 1% Wilson & Co.... 6% Wil &Copt..... 18 Willys-Overl’ 8% Willys-Ovd pt... 69% Woolw'thn (3).. 112 Worthing P'mp. 29% Wright Aer (1). 12 Wrig W Jr(3).. 41% Yellow Cab (5).. 63 1Partly ext: Dividend ra . 118% 29% 54% 67% 39% 9 4% 1% 40% TRY 112 12 41% 83 as” give Aatest quarterly or half-yearly TUnless otherwise noted. extra dividends are not included. UNITED DRUG- SALES. 2% 108 64 36% 55 68% 15% 2% 15 15% 87 11% 19% 21% 113% 93% 63 12 24 63% 1% 5% 17 8% 69 110 110 29 12 41% 63 3Payable in preferred stock. in the above table are the snnual cash payments based on the declarations. special 38% 64 20% | €65 | 7 | a2y o 46% | 11 | 63 | 1| Foreign Group Firm—Home Rail Liens Higher—Day’s Leading Offerings. BY GEORGE T. HUGHES, Special Dispateh tp The Star. NEW YORK, September 4.—The bond market presented a better tone today, demand for investment issues vielding from 5 to 5% per cent being brisk. Evidences of a check to the upward movement in money probably helped bonds. Liberties were steady or slightly higher. Some of the high- grade rails and industrials made ‘fractional gains and none was weak. Forelgn Bonds Firm, Foreign bonds were generally firm, with a premium still being bid for the new Belgian 6%s. The older Is- sues, the Tis and the 8s, failed to hare the Improvement. notwith- standing their higher yield. Hunga- rian 7l;s were not affec d by the announcement of the purchase by the bankers of $1.500,000 additional bonds which had originally’ been reserved for issue in Hungary. The new bonds were all placed privately. French bonds were a trifie heavy. In domestic rails International Great Northern adjustments continued their slow but persistent advance, making a new high while the same road’s 6s again touched par. Among ndustrials Wilson & Co. first 6s nother sinking spell. American ricultural 7':s were fairly firm. stern Cuban Suga s went high- er in sympathy with sugar stocks. Brooklyn Manhattan Transit 6s and Chicago Railway 5s were higher. Today's New Offerings. BF the Assoctated P'r NI YORK, prices drifted September 4.—Dond aimlessly in today's A firmer undertone 1 at a 1 with the return of th money rate to a 2 per cent ba: the opening, but price changes as rule were held within narrow limit 1 issue of $3.000,000 Interstate wer Company first mortgage 6 per | cent gold bonds led new offerin 2% 1 4% | 24 | 125 | 62 102 60 116 | 734 | | | H | 93% 63 12 24 63% | 1% 5% 17 8% 69% 29 12 41% 63 ‘SOFT COAL PRICES The price was 96 to vield 6 ses included $ nd and Pa- per cent at prices Other is: Rock ‘ompany pment trust certifica 1d 1 to 5 per ce of Buffalo 41§ to yield 3 to 3.90 per N SLIGHT DECLIE More Anthracite Ordered to Get Summer Rates—Gain in Production. Special Dispatch to The Star. NEW YORK, September 4.—Coal Age reports the coal market today as follows The general improvement in busi ness is reflected in a steadily increas- ing velume of inquiries in the soft coal market, and while actual orders have not soared to av at heights, I'the evidence of interist on the part| of consumers has served to restore a | much-needed note of confidence. Coal Age index of spot prices of bituminous coal receded slightly dur- ing the pas , standing on gust 30 at §$1.64, the corresponding price being $1.99, compared with $1.65 and $2 for the previous week. A pronounced increase in activity ! dump- | took place at Hampton Road: ings of coal for all accounts during the week ended August 28 totaling 364,227 net tons, compared with 315,- 540 tons during the preceding weel Production of bituminous coal res- | istered a striking gain during the third week in August, crossing the 8,000,006-ton mark for the first time since last March. Anthracite produc tion also reacted upward, 1.711.000 net tons having been produced dur- ing the week ended August 23, an in- crease of 323,000 tons over the pre- ceding week. A better tone pervades the. anthra- cite market, retailers ordering more freely last week in a last-minute move to take advantage of summer prices. The vanced mine prices of the larger sizes on September 1, the increase averag- ing 10 cents per ton. Independent quotations, however, are practically tinchanged. Stove coal continues to show the greatest strength in de- mand, though egg and pea show im- provement. Steam sizes are moving somewhat better and prices show a firmer tendency. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ~ -Noon.—— Bid. Offer. Alumioum Co. of Amer. 7s 192; 10335 Amer’ . & Tel. Anaconda Copper s 1929, Auvglo-American Oil T8 192 5 da s if Canadian Northern 5is 192 Central of Georgla 6s 1929, Central Leather 5s 192 Chi., Mil. Federal Sugar Ref s 1933, Fisker Body Corp, 68 1927. Fisher Body Corp. 6s 1928 & K. 85 1931 Humble Oil 5%s 193: Kennecott Copper 7s M., St. P Oregon Short Line 48 1929, Penpa. R. R. 7s 1930. 8wift & Co. Tidewater Oil ¥ 1936. Westinghouse E. & M. ‘Wheeling Steel 8s 1926. FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & Co.) | Nominal Selling checks gold value. today. London, pound . 4.8605 4.40% Paris, franc 183 X Brusels, frane . Berlin, mark Rome," lira . Zurich, franc .. Prague, crown . Warsaw, mark Copenhagen, crown, Christiaria, crown . Stockholm, " erown By the Associated Press. NEW YORK, September 4.—Foreign exchanges easy. Quotations in Unit- ed States dollars: Great Britain, de- mand, 4.46%; cables, 4.46%; 60-day lls on banks, 4.43%. France, de- and, .0530; cables, ".05301. Italy, demand, .0437%; cables; .0438. Bel- glum, demand, .0499%; cables, .0500. Germany, demand, per trillion, 23%. Holland, .3842; Norway, .1379; Sweden, .2657; Denmark, .1659; Switzerland, .1883; Spain, .1317; Greece, .0180; Po- NEW YORK, September 4.—July|land, .0019%; Czechoslovakia, .0299%; net sales of the United Drug Com- | Jugoslavia, .0133%; Austria, .000014; pany, with intercompany accounts| Rumania, .0053; Argentina, .3462; eliminated, amounted to Qi.l",’i!i. an ‘Basll, .0987; Tokio, .41%; Montreal, increase of $268,837 over J Au- | larger companies ad-| Lib3%s.. Lib1st 4%s... Lib zd 4%s. .. Lib3d 4% Lib 4th 4%s.. US4%s1952.. 1 Argentine §s. ... 1 Argentine 6s°37... 3 Argentine 7s 14 Austria 7s. L 18 Belgium 6 9 Belgium 7%s it Belgiam 8s. 14 Berne 8s 1 Bolivia 8s 28 Bordeaux 6 18 Brazil 7s. 5 Brazil T%s. . 2 Brazil 8s.... 13 Canada 631926.... 8 Canada 6s 1931 9 Canada bs 1952... 11 Canada 53%s1929.. 17 Chile 75 1943, 20 Chile 85 1926. 2 Chile 85 1941. Chinese Gov I; Copenhagen 51 Cuba 518 Czecho 8s 1951 ©zecho 8s 1952 ct ... Danish Munic 8s B. Denmark fs. Denmark £s. I Dutch E 15148 DET5Y%sct...... Dutch East [ 65 '47 ! Dureh East 16562 2 | Bl Salvador 8548, | Finland s f 6s 1945, Framerican 7%s. . | French Gavt 7745, i 'rench Govt Ss. | Holland-Amer 6s. . Hongary 6%s. Ttaly 61¢s 1926 | Japanese 4s. Japanese 6%s..... { Jergens U M 6s°'47. Marseilla { Mexico 4s "04 ! Mexico 4510 2 Montevideo | Netherian Netherlands 6s Norway 65 1943. | Norway 651952 Norway 8s... | Orient Dev deb 6s. 1P Pr | Rio de Jan s 1947. Rio Gr Do Sul 8s.. Sao Panlo State 8s. | Seine Dept | Serbs Crotes Slo 83 | Sotesons 6s.. weden 6s. clss 5155 1946, wise Confed § Tokio 5s. . ;Ud Kingm 5 { Ud Kinzm 31 iras o | Zurich ss... 1 High. 8l 93% Law. 814 93 103 95% 100% 109 107% % 109% 974 BT 105% 98 % 115% 66 109% 104 927y 106 2% MISOELLANEOU Am Agr Chem {Am Chainsf 6s'33 Am Cotton Oil 3s.. | Am Repub deb 6s. . { Am SmIt&R 1st Bs. {AmSmit& R 6s. Am Sug ref 6s. {AmT& Teltr | Am T&T cl trés. .. |Am T & Tdeb 5%s. | Am Water Wks 5s. | Anaconda 1st 6s. .. | Anaconda cv db 7s. | Armour & Co 4125 | Armour of Del 518 Associated Oil 6s.. | Bell Tel Pa 53 ! Beth Steel pm 53 i Beth Stecl rf 5s . Beth Steel 5145 '53. | Beth Steel s £ 6s. | Brier H St 1st 5%s. Bklyn Ed gen bs. .. Bklyn Edison 7s D. Bkiyn Union G 5s.. Bush T Bldg 55 '60. Chile Copper 6s. CinG & E5%s62. Col Gas & El bs Col Gas & EI Commonwth P 6s.. Con Coal Md 1st 5 | Consumers Pow | Cuba Cane cv 78 '20 | Cuba Cane cv d 8s. Cuban-Ain Sug 8s. 13 5 2 14 " R O PR~ PPN IOT | Denver Gas | Dery (1 G) Donner Steel Du Pontde N 7%s. Duquesne Light 63 2 | Est Cuba Sug 7%s. 3 Empire GEF T%s.. Gen Elec deb 5s. Goodrich 6%s. . ... Goodyear 85 1931.. | Goodyear 88 1941.. Hershey 65 1942... Humble O&R 5%s. Illinois Bell 1st 6s. | Dlinois Steel 4%s.. | Int Mer Marine 6s. Inter Paper 58°47.. KCP &Lt5sA'52 Kan G & El 68°62.. Keyser (J) 78..... | Relly-Spring 8s... | Lackawa 8 63°50. . Liggett & Myrs 5s. Liggett & Myrs 7s. Magma Cop cv 7s.. Manati Sug sf 7%s Marland Oil 8s°31. Mexican Petrol 8s. Midvale Steel 55 ct Montana Power ds. New Eng Tel bs. N Y Eden 1st 63%s. NYG EL H&P 58 N Y Tel 4%s. N Y Tel 68’41 N Y Tel 63’49 North Am Ed orth Am Ed 63%s. 18 Nor Ohlo T&L 65 Nor States Pow 5s. Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 7%s. Pacific Gas & E15s Pac T& T Istbs... Pacific T & T 6’52 Pan-Amer Pete 7s. Phila Co6%s'38... 1 Phila. Cdref 6s A.. Phil.& Rdg C&I 5s. Plerce-Arrow 8s... Public Service 5s. . Pub Serv Elec Punta Alegre 7s... 22 Sinclair Oll 64s.. 1 Sinclair Oil7s..... Sin Crude Oil 6%s. Sin Crude Oil 6: Sin Pipe Line 5s. . . | S0 Por Rico Sug 7s. Southwest Bell 5s. b! Steel & Tube 7s.... Tenn Elec Pow 6s.. Tidé Wat Of) 6%s. Toledo Edp 1st 7s.. Union Bag & P 6s.. Unit Drug cv 8 USRub1strth U 8 Rubber.7% U 8 Smelter 6 U S stecl 8 £ 6 Utah Pow & Lt & Va-Car Chiem 7 Va-CarCh7%ssw Vertientes Sug 7s. ‘Warner Sug 7s *41. Western Elec 5s. KON~ ek IaRae - 2 20 2 1 2 9 2 nenas Qnabormbrncd ‘Wickwire Spen Willys-Ov 6%8'33 Wilson & Co 1st L. Wilson & Co cv 68, Wilson&C cv 7% l!nuuunsh T wmRB30ua s 96 87ty 91% 24 10315 100% 875 1015 102 102% 93% 89 81% 100% 96 101% 102% 102 103% 97% 103% 106 43 94% 96 100 29% 108% 100% 110% 90%, 90 £6% 102% 96%e Y6% 9% 98 117% 118% 99% 105% 105% 88% 9% 100% 112% 100% 9644 106% 1074% 954 100% 88% 93 103% 109 89 2% 98% 921 104% 94 102% 99 6% 104% 101% 110 §6% 9214 100% 109 2415 103 96% 105% 97% 103% 108% 94% 116% 8414 108 101% 104% 91% 64% 33% 95% 214 98 117% 118% 99% 105 105% 83% Y% 100% 12% 100 96% 106% 107% 054% 100 883 2% 103% 1087 89 224 98 1% 104% 93l 101% 98% 85% 104% 101% 109% 6% 92% 100% 100 84% J102% 964 105% 97% 108% 108% 94% 115% 83% 103% 101% 1045% ol €315 3% 95% 102 7% 108% 1% $7% 86% 48% . 118 100-27¢100-26 100-27 11 101-29 101-26 10129 101-3 101 .« 201 102-3 102-1 128 102-2 101-30 102 3 104-29 104-27 104-27 FOREIGN. Sales. 101-2 102«1 Close. Bl 3% 103 96 100% 109 107% 109% 93% 89 81% 100% 26% 101% 103% 103% 103% 98 103% 105% 43 94% % 100% 100 108% 100% 110% 90% 90 96% 951 103% Ry 95 102 106 F0% 83 100% 82% 9215 Bl 89 B8 19% 21% 89% g% 96% 98Y% 98% 112y EY £2 9014 103% 109% *|Mo PacHrc55'65 Atlantic C L 1st 4s. B&Oprin3ks. Bklyn-Manhat 6s. . Canad North 6%s Canada North 7 Canad Pac deb 48, Car Clinch & O Centof Ga 5% Cent of Ga 6 Central Pacific Ches & O cv 4%s. Ches & O gn 4 %a. Ches & Ohio cv bs.. Chi & Alton 3%s... Chi B&Q gn 48°58. Chi B&Q 1st rf bs. CB& Q-Ill div 4s.. Cli & E 11l gn bs. Chi Great West 4s. ChiM & St P 4s°25. Chi M&St P 45 '34 CM&StPdb4s. Chi M&St P cv 43 Chi M&St P rf 415s. Chi M & St P cv bs. ChiM % Chi & N W ref 5s., Chi Rys bs.... CM & Puget $d 4s. CM&StPgn 4%s. ChiRI& P rf 4 ChiTH& S E ba.. Chi Un Sta 43%s. Chi Union Sta 5s.... i & W Ind cn ts. CCC & St L bs. Cleve Term 6%s. Colo & Sou 4%s... Cuba R R 6s. . Cuba RR T%s..... Del & Hd 1st rf 4s. Del & Hudson 5%8 Den & Rio G en 4s. D& Rio G imp 5 D& RG1stre bs.. Det United 4%s. .. e 1st con 48 ic gen 4s. Erie conv 45 A Erie conv 4s B Erie conv 4s D. Srie con ext 7s. Erie Genessee Crie & Jersey Gr Trunk =f dh 6s -and Trunk 7s t North 5s. hgen 55, orth gen 7s. Green B & W db B, Hud & Man ref 55 Hud & Man aj 5s. . 11l Central 53s Int Rap Tr: Int Rap Tr Int Rap Tran 6s Int Rap Tran Int & G Nor 1st 6s. Int & G Nor aj 6s. Towa Cent rf 4s Kan City FtS 4s. 56la 18 9% 70 885 Kan City Term 4s.. 3% Lake Shore 4s Lake Shore 4s 31, Louis & N uni 4s Louis & N 55 B Louis & Nas Louis & Nash 7s Manhat Iy cn 4s Market St Ry Ts. St L 1stref 4s. K&TprinbsA. MK&T6sC Mo Pacific gn 4s. o S adteant- S Mo Pacific 63 Montrl Tm 1st N Y Cent gen 3%s. Y Cent deb 4s Y Centrids YCent deb 6s. C & St Ldb 4s. Y Chi&SL5Y YC&StL6sA. ew Haven d 4s 57 ew Havencd 6s.. Y Ont& W ret 4s NY Ryrfdsctfs.. N Y Rysadjbsct.. NYW & Bos 443s. orfolk & W cn 4s. orfolk & W cv 6. orthern Pac 3s. orthern Pac 5s Northern Pacrids Ore-Wash 1strf 4s Pennsyl gen 4%s. Pennsyl gen 5s. Pennsyl 6%, Pennsyl gold 7s... Peoria & E inc 1s. Peie Marq 1st 6s. PCC&StLGsA. Reading gen 4s. Reacding gn 41%s. Rio G West cl 4s. RIATK & L 4%s. StLIM&S 43°29... St LIM&S R&G és. StL&SFplis StL&SFprin StL& SFb6%sD. StL&SF adjés... StLeaSFinc 6s St L& SF plésC. StLSWistds.... St LS W con 453! StPUnDepb¥%s.. San A & Arn P 4 Seab'd A L adj bs. Seab'd A L con 6s Sou Pacific 4s°29.. Sou Pacific ref 4s.. Southern Ry gn 4s. Southern Ry 1st 6s Southern Ry 6s ct. | Southern Ry €s. Sou Ry Mobile 4s Third Ave ref 4s. Third Ave adj 6s. Union Pac 1st 4s. Union Pac 1st rf 43 Union Pac 48°27.... Union Pacific cv 68 Virginia Ry st §s . Va Ry & P 1st 5s. Wabash 1st bs.. Wabash 2d 5s. Western Md Weostern Pacific £9 107% 9214 91% 103 47 e TP Y S © 2 PRl Bl eunnll o= &SF &SF «SF &SF 100% 923 64% 9% # What Experts Buy. Trained investors always buy se- curities that have a substantial loan value. One of the surest methads of determining the value of any stock is to seek a loan on it. If your banker declines to cgnsider it as collateral you can rest assured its marketability does not amount to much. TODAY’'S METAL PRICES. NEW YORK, September 4.—Copper easy; electrolytic, spot and futures, 13%. Tin easy; spot and futures, 52.37. Iron steady and unchanged. Lead steady; spot, $.00a8.25. Zinc casy. East St. Louis, spot, 6.25; fu- tures, 6.25a6.27. Antimony, spot, 10.50. U RN S CALL MONEY EASIER. NEW YORK, September 4.—Call money easier; high, 21:; low, 2; rul- ing rate, 2; closing bid, 2%; offered at 2%: last loan, call loans firm; mixed collateral, 60 to 90 days, 2%a3; 4 to 6 months, 3%2a3%; prime j commercial paper, 3%a3%%. o RAILROAD SALE CERTAIN. DENVER, Colo., September 4.—Har- old, Palmer of New York, H. L. Fin- | klestein of New York and Horace W. Bennett, Denver, capitalist, today were denled the right to intervene in the foreclosure sale of the Denver and Rio Grande Western Railroad by Federal Judge J. Foster Symes, fol- lowing a hearing which started yes- terday. | Max | zenerally favor. { new crop. quiet. ? higher, | smal; against acceptances, 1%; time loans |3 | lower; 1140 ! Swift Inter: 775,000 Bales. By the Associated Press. NEW YORK, September 4.—The cotton market had a quiet but steady opening, with first prices 5 to 11 points lower. Moderate southern hedge selling supplied the early demand, but sup- port became more active in the first half hour. Prices recovered the early losses, October advancing to 24.57 and December to 24.27, representing 2 to 4 points net advance. The trade, Wall street and New Orieans bought on the rally. Later, however, reflecting private advices of cooler weather in Texas, the market again turned easier, October dropping to 24.45 and December to 24.12, or 8 to 10 points under the previous closing. The average of 14 private condition reports thus far issued is 612, and of the crop 12,775,000 bales. Cotton futures closed barely steady. High. TLow. Tose. Octoher 24.40-43 Dreceniber January March . Octoher. 10; Mareh, New Orleans Market Dull. NEW ORLEAX cotton market ha dy, opening. eptember 4.—The a very dull but erpool was lower than due, but traders paid little at- tention to that fact, being little dis- posed to trade, owing to uncertainty to what the government report will show next Monday. First trades were 1 to 3 points down and October traded at 23.76 and December at 23. or 7 points down from the close o yesterday. Prices rallied to 23.85 for Uctober and 23.95 for December. or 1 to 2 points above the previous close. Cotton futures closed steady at met decline of 10 to 18 points. iigh. Low. Close. October . 23.6 December January. Mare 43 Octaber. .90 bid: March, Decemiier, 23,09 b CHICAGO GRAIN PRICES. CHICAGO, September 4. — Wheat displayed a heavy undertone here to- day, on unresponsive Liverpool cables nd hedging pressure. Pro ure came mostly from houses with Northwest- and uthw ern connections, ade was not large during ings and when buying market rallied. Senti- . with expecta- ¢ of a two-sided market. and and bullish foreign news offs to a large extent the of ng wheat on both sides of the international line. Buy ing by a strong individual house, which ah wd the surplus in the pit, caused shorts to co r Des sale above 1 which checked the advance and made a reactiofi. starting % higher to 1% lower, with ptember and December 1.281% the market scored a trifie and then receded essure affected reports of ther for the Th some early, but the market was unusually After opening % lower to with December 1141 corn underwent a decline all % 114, around. Confirmation of frost in parts of | the Canadian Northwest lifted oats. | Starting 2 to 521z, higher, with De- values sagged a 3% to cember | trifle and then hardened around the initial fizures. 2 Provisions lacked support. September December May . OAT! September ... December .. May . LARD- September . October November RIBS— September October | CHICAGO LIVE STOCK MARKET CHICAGO, cceipts, 13, September 4.—Cattle— 00 head; fed steer trade all interests buying: zener- eady to 15 higher; spots, up desirable lightweight heifers, sharing advance; early“op, 11.25 paid for both vearlings and ured teers; some long vearlings held igher; several hundred head year- lings and matured steers at 11.00 and above; fat cows in more liberal sup- ply; weak to 25 lower: better classes generally steady; bulk bologna bulls, bulk veal calves to packers, 12.50a13.25; small killers paying up- ward to 14.00; country demand stock- ers and feed killers taking everything showing kill. Hogs—Receipt. 00 head; slow, uneven: mostly steady; desirable me- dium-weight, steady to 5 higher: light and killing pigs, steady. to 25 big packers, inact top, practically 10. averages, 9.70a10 to 150 pound weight, largely, 8.4029.00; bulk packing sows, 8.65a 9.00; majority desirable strong weight slaughter pigs. 7.25a7.50. Sheep—Receipts, 22,000 head: active; tat lambs, strong to 25 higher; sort- ing, light; early bulk desirable na- tives, 13.00213.25; few to packers at 13.40; choice wethers, early, 13.75; sheep strong; choice range ewes, 6.50; feeding lambs, steady; choice feeders, early, 13.00 DAIRY PRODUCTS. BALTIMORE, September 4 (Spe- cial).—Live poultry—Spring chickens, pound, 25a30; Leghorns, 23a28; old hens, 18a26: Leghorns, 18a20; old roosters, 15; ducks, 15a22; pigeons, pair, 20a25; guinea fowl, each, 60a80. Eggs—Native and nearby firsts, dozen, offered at 36%; bid, 36; re- ceipts, 2,065 cases. —_— BOSTON STOCK MARKET. , BOSTON, September 4.—Following I§ a list of today's highest, lowest and closing prices for the most ac- tive stocks dealt in here: American Brick . American Sugar . { American Wool . Boston & Maine Calu & Ariz Calu & Heela . Connor J T. Copper Rtange . st Butte East Mass . Edison Elec Island Creek Island Creek pfd Isie Royale Libby MeNeil Loew's T SEERLEE e New York rth Butte 0ld_Dominion Pacific Millx. Reece But 1. Nuperior & Boston. swift & Co. He&H CEESEETER 55 o United Fruit. United Shoe i U 8 Smelting pfd Ttah Metal.... Ventura 0N Waldorf . Walworth ‘Warren Bros. ber for | After | pressure | to | bulk, better, 160 to 325 pound | £00d and choice | Local Bankers Would Char- ter Special Car to céming Meeting in Chicago. BY CHAS. P. SHAEFFER. The annual convention of the American Bankers' Association this year will be held in"Chicago, Septem- ber 29 to October 2, inclusive. Steps have been undertaken locally by Harry V. Haynes to organize a Washington delegation sufficient in number to justify a special car on crack train to the western metropol Circularzation of District banks in the hope of securing the necessary number has just been started, but Mr. Haynes is confident of its success. No national convention is complete with- out several District financiers, and al- ready Lanjer P. McLachlen, W. W. Spaid and Victor B. Deyber have sig- nified their intention to attend again this vear. Mr. Haynes will attend in his ofli- cial capacity as one of the seven members of the clearing house com- mittee. This feature of the program, according to Mr. Haynes, who has received an advance copy for perusal and suggestion, is ~omprehensive and enlightening. “The remainder of the program i< aid to be entirely up to the standard formerly maintained. World renown- ed authorities on subjects of vital interest to bankers have been invited to attend, while the entertainment end of the convention leaves nothinis to be desired. Treasury Needs $300,000,000. Prenarations have been begun the Treasury for the financial opera- tion it must make September 15_and it was announced today that Federal Reserve Banks have been authorized to begin redemption of the certifi- ca-es of indebtedness due ‘on that date. It previousl had been n- | nounced that an issue of certificates { would be floated on September 15. Present indications are that the third installment of income tax pay- ments, du. ptember 15 considerab! less than eorigin timated, and that the Treasury w need from $300.000 h to $350,0060.- 000 to care for its maturing indebt- edness. « Stockholders Get $5 a Share. lders of the Merchants and Bank nacostia will about $5 2 < on their under the liquidation pro- now going Charles T. el for th trustees in- Shareh Farmers realize | holdings | ceeding | dicated this Depositors of the defunct { tion will be paid in full. In fac | have been, according to Mr. with the exception of about $6,000 ‘h has not been called for. stees have on hand $8,000 to meet this requirement, it was said. A compilation of the institution's paper reveals a total of $90,000 in notes and collateral Joans, with as- | sets amounting to $116 The Anacostia Finance Company, | the outzrowth of the Merchants and Farmer said to be pro- | Bressing. institu- . they yton. | whi | Tr Personal Mention. | C. F. Jacobson, vice president and cashier of the National Metropolitan | Ba is away on a 10-day motor | trip through the New England States. George A. Harris, president of the Potomac Joint Stock Land Bank, has returned to Washington after two weeks at Deer Park, Md. W. W. Powell, secretary of the | American ociation of Joint Stock | Land Banks. has returned to the ci {after attending the annual conve: tion of joint stock land banks | Chicago last week. Wade B. Hamp- { ton represented the Washington mem- + { bers at the convention. 1. J. Roberts of s National PBank is back at his desk after “hi- bernating” in Maine for severa: | weeks. August Transactions Heavy. | Transactions in securities on the New | York Stock Exchange during August totaled share: 9.011,300 more than in the same month last year, and 3,184,700 shares over Au- gust, 19 The dall trading 855,984 shares. The he session recorded w 1. 0 shares, 2nd the smallest 596,400, he large two-hour d: was 595,800 shares and he smallest 00, average was viest five-hour Trading on Local Exchange. Activity in Capital Traction stock at its weak level, 91%, featured sales on the Washington Stock Exchange this morning. A total of 100 shares changed hands, mostly in small blocks. National Mortgage and Investment preferred gained fractionally to 9 on sales of 180 shares, and Riggs N; tional Bank was also stronger, 25 shares selling at 293, Lanston moved upward one point to 7§, and National Metropolitan Bank sold at 292%. Bond trading was dull and uninter- esting. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY KANSAS CITY, September 4—The majority of the flour orders booked recently by local mills have been for 30, 60 and 90 day shipment, but in some cases they have been for de- livery six months ahead. FORT WORTH, September 4.-- Generous buying of oil by pipe line companies has been resumed, the Summer lull having given place to reviving business in the Texas pro- ducing regions, where buying by pipe lines had been on a pro-rata basbs until last week. PITTSBURGH, September - 4.—In the glassware fleld, novelties and colored glass are in better demand. Buyers are making price the out- standing copsideration, but at the same_ time demand good quality. Tradé is slow in bottles. - PORTLAND, Oreg., September 4. Sales of Spitzenberg apples to Eng-, lish interests have been confirmed at $1.30 net to the grower for extra fancy, 163s; with fancy, $1.15, and C grade, $1. PHILADELPHIA, September 4.— Factories making cotton and wool mixtures, dress goods, overcoatings, skirtings, cassimeres and kerseys are working at 80 to 100 per cent capac- ity, with enough unfilled orders to continue this rate for 30 days. As a whole, the textile industry is work- ing at about 50 per cent of capacity. ST. PAUL, September 4.—Shoe fac- ' tory output is beginning to expand _ under the stimulus of reports from salesmen on the road, who report * prospects excellent for Fall and’ Winter business. Production at the ’ factories has been below normal for * four months. ST. LOUIS, September 4.—The Vesper Buick Company after a can-+ vass of 15 Illinois counties announces that its retail automobile business is better than it has been in the last nine months. BOSTON, September 4.—Retail coal orices here have been advanced 35 cents a ton to $16.