Evening Star Newspaper, September 9, 1924, Page 22

ELECTION N MAINE gmns WALL STREET Adams Exp (6) Adv Rum pf (3). Alr Reduct (4).. Ajax Rubber. . Alaska Juneau.. 1 Railroad Shares Are Extra|aiied Chem (4. 104 ) Allis-Chalm (). 1% m Agricul m ol {Strong—New Low Records |4mAsricul Chm 12% | 5 Am RBosch....... 26 ! in Some Stocks. AmBrS&F (5. 8lu Am Can (16) 1 Am Can pf ( BY STUART P. WEST. e ® ...... 0 Shecial Dispatch to The St Am Drug Synd.. 6% NEW YORK, September 9.—The|Am Express (6). 112% Maine election results were pleas- (Am & F P 25%(7) 115% ihg to Wall street, and prices were |AmFor P £ pd(7) 116% bid up in the market today starting |Am Hide & Lea.. 10% at_the opening. Buying was quite |AmHide & Lpf. 62 urgent for a time, steel common on|Am Ice (7).. oSN the first few les gaining a point|Am Internatl. 26 and a half, Baldwin Locomotive two |Am LaF F E (1), 300 points and the more swiftly moving | Am Locomo (6). 80 specialties like General Electric and [ Am Metal (3)... 46% American Water were as much as|Am Radiator (4) 116% four points. AmSm & Re (5). 74 Rexult Pleanes Street. :mghR pt (7). logn ot ] _|Am Sugar..... oo munity the sutcome. in_ Maine sup. | AT Susarpf (i) 30 e £ |Am Sumat Tob.. 7% Ported the idea of this being a nor- 473 . mai presidential year. Railway | 4™ Sum Tobpt.. 28w E Am T & Tel (9).. 127% shares, representing as they do, in- | A7 & Tel (3).. 12 vestments which have more at stake | AT TOb3e (1) 180 han any other group with what hap- |47 0% 2 Liahy oft ? - Df (6)... 105% pens in November, were particularly |47 TOPDL (). .. 108 favored. Union Pacific at 140 was up AmW W pt (S)A 88% nearly 3 points from its revent low. | 2% W PE (6).. Y New York Cent across 108, was up Anaconda 45 = 3% over 2 points and Atchison, Reading | ATACORS -c.oee W and Canadian Pacific were notaby | (it 5., L o Dry G (5).. 118% strong. Among the low priced Tails| yqeq o) (134) 29% Western Maryland second preferred | 43or O'8 G H) -+ 294 stood out prominently on the re- |3\ E ST (B0 1040 vival of ¢ ssion of the road en-|A¢) Birm g At,.. 1% tering a consolidation. ‘Atlantic Refin... o1 Lackawanna Leads Rafls. The real railway leader was ware, Lackawanna and Western, in{Bald Loco (7)... 122% which the buyving have been very|Bal& Ohio (5).. 61% persistent for a week or more past | Bal & Oh pf (4). 68% This buying has been associated with | BarnsdallA..... 18% Teports that the road is going either |R'ch Nut (2.40).. 61 into the Nickel Plate or some other | Bethlehem Steel.. 44% combination, and that before doink|Beth Stlpf (7).. 98 so it will distribute its extremely | Booth Fisheries. 4 * valuable treasury assets. There was|Brk Edison (8).. 115% some revival of interest in New Or- |Brk-Man Tran.. 26% leans, Texas and Mexico, which, if |BrklynUnG (4). 78% the deal with the Missouri Pacific | Butte C & Zinc.. 5% approved, would be valued at 120 in|Butte&Superior. 17% Missouri Pacific 7 per cent notes. | Butterick Co... 174 Numeroux Weak Spots. | Cal Packing (6). 87% Despite the main tendency toward|Cal Pet (1%). 2 recovery there were numerous weak | Cal Pet pf (7)... spots. Coco Cola was one of these, |Callahan Z Lead 3% and Allied Chemical another, Ameri- | Calu & Ariz (2). 514 n Woolen was freely sold as soon |Can Paclfic (10). 146% as it rallied at all. and Danicl Boone |Case J1Plow... 1 Woolen Mills made a new low in|CentLeatherCo. 181 preparation for the passing of its|CRRNJ (112).. 240 dividend. New low records were [ CTUCID StIpf (7). 94 made in American Sumatra stocks, | CérTo de Pasco(4) 46% apparently getting ready for the pub- | Certain-Td Prod 34% lication of the results of the com-|Chand Mot (6).. 38 pany’s fiscal vear ended July 31,|Ches & Ohio (4). 85% Which, according to all accounts, will | Chicago & Alton 4% be anything but pleasing. Chic Gt West. 5% Another outburst of selling occur- | Chic Gt West pt. 16, red in Allied Chemical and Dye Cor- |ChMil& St Paul 154 poration common stock. Much of the |Ch Mil &St P pf. 25 recent selling in this stock has been [Chi & Nwn (4).. 5% attribtuted to the closing out of a|ChStPMin&O.. 43% minor pool, while insiders are stand- | Ch PneuT (5) ing by and making no efforts at cur- |Chi RI& Pac. rent market prices to stem the little [ Chile Cop (2%).. 33% tide of selling in fhe stock. Earnings | Chino Copper.... 21 for 1924 are expected to compare fa- | Coca-Cola (7)... 72% vorably with previous years. e g International Cement Stronger. | GoiG & B (2.60). 41% The third quarter earnings of [ Com In Trpf (1) 101 International Cement will be at the |Com SolvA (4).. 60% rate of between $7 and $8 a- vear. a | Com Solv B. 514 T rd for any three months in the |Congoleum (3).. 45% company’s history. In the first half |Conley Tin Foil. 13 year dividends were covered with a|Consol Cigar.... 19% comfortable margin; for the full 12 months they will probably be cov- ered almost twice over. | Consol Textile 3% Pittsburgh Coal, once a favorite ContCan (4).... 5% among industrial specialties, has been | Cont Mot (80c).. 7 almost entirely ignored in stock mar- | Corn Prod 323 ket dealings for the past several|CosdenCo.... 27% months. Since April the company's)Cosden pf (7). 84% carnings have been poor, In fac Crucible Stl (4). 56 reported that it has been operating |Cub Am Sug (3). 32 in red figures during 1924, due to the|Cu AmSupf (7). 98 distinctly unfavorable conditions in|Cuban Cane Sug. 14% the union coal fields in its producing |Cub Cane Supf.. 64% territory. Cuyamel Fr (4). 50% Seek to Boom Oil Shares. Dan Boone M(D) 12 Weakness in National Enameling | Davidson Chem. 4 stock was the result of the receiver. | D¢l & Hud (9)... 124% ship of St. Louis Coal and Coke.|DelL& W (6)...141% The preferred broke 5 points from |Dome Mines (2). 15% the last sale. ~ Reduction of the|DuBtdeN (.. 129 Chandler Motor dividend from a $6| to $3 basis was pretty well in line with anticipation, but there was fur- | ther selling on the announcement. Commission house adv con- tinued and the modera optimistic on the oil shares, - were reflected in a further| advance of a point or more | in some instances. The buying of Marland around 35 and of Phillips| Tetroleum around 34 was noteworthy. MARKET CLOSES STRONG. | Tobacco Shares Pushed During Last Hour Trading. - - B the Associated Press NF W YORK, September 9 —Stock | es moved upward in impres: Jashion today in reflection of Wi Street's gratification at the clection results, lower time money | rates and favorable railroad merger developments. . Opening gains of 1 to 41 points held up despite occasional flurries of bear selling in the spe- cialty list. Sales approximated 900,- 000 share; The closing was strong. Resump- tion of pool operations in the tobacco shares sent them up 1 to 2 points in the late trading. West Penn Power advanced 5 points, but Rutland pre- serred broke § points and National Iinameling preferred 6 to 69, a new low. MILLS SKIP DIVIDEND. | Daniel Boone Directors Omit Quar- terly Payment. 5W YORK. September 9.—Di- rectors of the Daniel Boone Woolen Mills, meecting in Chicago tod. omitted the quarterly dividend of 75 cents a share on the capital stock due at this time. e DIVIDEND ASSURED. NEW YORK, September 9.—The next Tobacco Products Corporation's auarterly dividend of $1.50 wil be paid in cash within a week or ten days, according to George J. Whelan, tobacco magnate. He said there was 10 likelihood that the dividend would Dbe cut, in fact it would be advanced Dbefore it would be reduced. The cash position of the corpora- tion was good. Sales and earnings ¢f the United Cigar Stores were run- ning ahead of last year, he asserted. August business having been 50 per cent larger. He estimated the years business at $75,000,000. EE S RAILROAD HEARING ENDS. Concluding arguments on the peti- tion of the Southern Pacific Company 10 secure by lease the control of the "Ll Paso and Southwestern railroad were presented today to Charles D. Mahaffie, director of the bureau of finance of the Interstate Commerce Commission. " RATES ON BAR SILVER. TLONDON, September 9.—Bar silver, Erie 18t pf. Fairb’ks (2.60).. Famous P1 (8).. Fed Lt & Tract.. F'dM &S pt (7). Fisk Rubber...... Fisk Rubber pf. Fleischman (13%) Foundation (6) Freeport-Texas. Gen Asphalt. Gen Cigar (8). General Elec(8) Gen Mot (1.20) .. » | Gen Mot pt n (7) Gen Petmr (2) Gimbel Bros. Gimbel Brpf Gold Dust. ...... Goldwyn Pict. .. Goodrich. Goodyear p Granby Consol. Gt North pf (5).. Gr Nor Ore (3).. Grt Wstn Su (8). Gr Canan Cop... Guantan Sugar.. Gulf Mo & Nor Gulf St 8tl (3)... Hartman Co (4). Hayes Wh'l (3). Househ'd Pr (3). Houston Ofl..... Hud Mot C (3).. Hupp Mot C (1) Hydraulic Steel. 111 Cent pt (6). Inspiration Cop. Interb Rap Tr... Internat Ag new. 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 Shoe (4). Invincible Oil... Jewel Tea. . . Jewel Tea pf Jones Bros Tea.. Jones & Lau (7). Jordan Mot (3). Kan City South. Kan CSo pf (4). Kayser Jul & Co. Kayser pf (8). Kelly Spr Tire Kenne Cop (3).. Kresge Dep Str. Kresge D S pf (8] Lehigh Val (3%) Lig & Myrs (3).. Lig & Myrs B (3) Loews Inc (2) Loft Incorpor. .. Loose-Wiles Bis. Lorrillard (3)... Louis & Nash (8) Mack Trucks (6) Mack Trucks rts. Magma Ccpper. . Man E1Sup (.. Man El md gd 4. Manhat-Shirt (3) Maracaibo Ofl. 35¢_per ounce. Money, 3 per cent. Discount rates: Short bills, 3%a 3 11-16 per cent; three-month bills, $13-16 per cent. » Mathieson Al 28% 9% 7 51 8% 61 72% B4% 8 41 86% 257% 14% 96% 41% 109% T% 35% 27% 26% 6% 102 0 18% 115 804 20% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Maxwell Mot A.. Maxwell Mot B. . May Dept St (5). Mex Seabd (2).. Mex Seacfs (2). 224 22% 224 22% Miami Cop (2)... 22% 28 22% 23 Middle St Ofl. 1% 1% 1 Mis Kan & Tex.. 16 -16% 15% Mis K& Texpf.. 464 474 46% 46% Missouri Pacific. 19% 19% 19% 19% Missouri Pacpt. 63% 63W 624 62% Mont Power (4). 65% 65W 66% 65% Mont Pow pf (7). 109 109 109 109 Montgom Ward. #5 85% 34% 364 Moon Mot (3)... 22 22% 22 224 Mother Lode 75c o% 8% 8% 8% Nash Mot (10) 126 125 126 Nash Mot pf (7). 100 100 100 100 NatAcme....... 6% b% 5% 5% Nat Biscuit (3). o5 o Nat Dairy (3) 36% 36% 18% 19% € 70 160% 150% 18 18 NatRyM2dpf.. 1% 1% 1% 1% NevConsCop... 14% 14% 14% 14% NOrT&M123%. 105 106% 1056 106% N Y Air Br (4) 40% 40% N Y Central (7 107% 108 NYC&StL(6). 119 119 117 117 NYC&SIL pf (6). 92% 924 92 92 N Y Doek. . 30 3 80 80 NY NH & Hart.. 23% 23% 22% 22% NYOnt& West. 204 204 20% 20% Niagara F pf 1%, 28% 284% 284 28% Nort & W (18).. 126% 127% 125% 126% North Am (2.40). 29% 29% 29% 29% North Pac (5)... 65% 66% €6t 654 Onyx Hoslery... 19% 19% 19% 19% Orpheum (1%).. 20%- 20% 20% 20% OtisElev (n) (4) 66% 66% 66% 66% OtisSteel....... 8 8 % 7% Owens Bot (3).. 42% 43 42% 43 Pacific Develop. % % % % Pacific Oil (2)... 48% 48% 484 484 Packard (1.20).. 11% 11% 11% 11% Pan-Amer (4) 63% b63% b53%” 63% Pan-Amer B (4). 53% b3% 63w 634 Park & Tilford.. 25% 254 25% 264 Penn Rallrd (3) 44% 44% 44k 44% Penn Seab Steel. 1% 1% 1% 1 Peop GasCh (7). 102 102& 102 1024 Pere Marg (4) € Phila Co (4) Phila&R&I... 46 46 45% 46 Phil Mor (50c).. 14 15 13% 15 Phillips Pet (2). 33% 34% 33% 3¢ Plerce-Arrow... 10% 10% 10% 104 Plerce-Arrow pf 35 35% 84 34% P-Ar pr pt (8) Pierce Oil. . Plerce Oil pt PittsCoal (4)... 67 67 67 &7 Pitts Ut pf (1.20) 13% 134 18% 13k Pitts & West Va. 64% 644 61% 61 P& W Va pf (6). 1044 105 104% 105 Postum Cer (4).. 59 60% 69 60% PressSteel Car.. 46 47 47 47 Prod & Refiners. 29% 30% 28% 29% PubSerNJ (4). b7% b6T% b1 B57% PublicServrts.. 15 15 14% 14% Pullman Co (8).. 127 .127% 127 12T% Punta Al Su (5). b64% b4% b53% b3% Pure Oil (1%)... 244 24% 23% 28% Ry St1 Spg (8)... 1214 121% 121 121 Ray ConsCop... 12% 12% 12% 12% Reading (4) 61% 61% 60% 61k Readingrts..... 21 21 20% 20%]| Robt Reis 1st pf. 604 60% 60% 60% Replogle Steel..” 11% 11% 11% 11% Rep Ir & Steel... 46% 47 46k 46% | ReyTobB (3)... 76% 76% 6% 175% RosstaIns A (6). 954 95% 96% 954 Roy Dth (4.42%) 42% 427 42% 423 Rutland pt...... 47 47 47 47 StJosephLd (2) 20 29 29 29 StLSan Fran... 27% 27% 26% 264 StL-SanFrpf.. 58 68 57% 68 StLSouthwest.. 42 41 41 41 StLS'thpt (5).. 67% 67% 67% 67 Savage Arm 584 G684 b68% 584 Schulte (8). 98 98% 98% 98% Seaboard AIrL.. 14% 14% 14 14 Seab'd Alr Lpf.. 26% 26% 26% 261 Sears-Roebk (6) 104% 104% 102% 104 Seneca Copper.. 1% 1% 1% 1% Shell UnOfi (1). 16% 16% 16% 16% Shell Un pf (6).. 95% 95% 95% 6% SimmsPet...... 14% 144 14% 14% Simmons Co (1). 24% 24% 24% 24% Sinclair Ofl. 18% 18% 18 18 SkellyOll....... 19% 19% 191 19% Sloss-Sheff (6).. 0% 70% 70 704 SoPRicoBu (8). 72 72 12 72 South Pac (6)... 93% 94 93% 93y Southern Ry (5) 66% 66% 65% 65% Std Gas & E1 (3). 364 56% 364 36% StOflCal (2).... B8% 68% BB 584 StOIINJ (1).... 36 36k 35% 86 StOil N J pf (7). 118% 118% 118% 118% StandG&E (3). 27 214 26% 27 Sterling Pr(4).. 61 _ 6l% 61 61% Stew't Warn (5). 53K b4% 53% 54 Stromberg C (8). 67% 67% 67 67 Studebaker (4).. 89 39% 38% 394 Submarine Boat. 9% 9% 9% 9% SuperiorOfl.... 4% 4% 4% 4% SweetsCoof Am 1% 1 1% 1% TexasCo (3).... 41 4l% 41 41k Tex GSulph 7). T6% 7% 76% 77% Texas & Pacific.. 35 35% 34% 35 Tex&PacC&O. 9% 9% 9% 9% Third Avenue... 124 12% 124 12% Tide Wat Oil (4). 125 125 125 125 Tob Prod (6).... 65% 66% 64% 66% TobProd A (7).. 82 92 91% 91% TranscontOll... 4% 4% 4% 4% UnBag Pa (6).. 36% 38 364 334 Un Pacific (10).. 140 140 139% 139% UnPacpf (4)... 4% T4% T4% T4% Un Tank Car (5) 112% 112% 112% 112% Utd Cigar Stores 521 b2% 52 b52% UDIstpf (3%). 48 48 48 48 Utd Fruit (10).. 210% 210% 210 208 Utd Ry Invest... 16% 16% 15% 15% Utd Ry Invest pf 39% 39% 338 38 U S CastIron P. 105% 105% 103% 103% U S Distributing 27% 273% 2775 273 U S HoffMach.. 21 21 21 21 USIndAlcohol. 70% 70% 68% 687% USR & IDf (7).. 102% 102% 102% 102% U'S Rubber. 33% 844 334 334 USRIstpf (8). 84 85 84 84y USSmelting.... 32% 32% 32% 323 USSmtpf (3%) 43% 434 434 434 U S Steel (16%2). 107% 108 107% 107% U S Steel pf (7).. 121% 121% 121 121 Universal Pipe.. 17% 17% 17 17 Utah Securities. 35% 36% 354 36 Vanadium Corp. 26 264 254 254 Va-Caro Chem 1% 1% 1% 1% VaRy&Power. 66 67 66 66w Vivadou. . 6% 6% 5% 64 Wabash. 15% 164 15% 164 Wabash pfA.... 42% 42% 42 423 WaldSys (1%).. 15 16 14% 14% Web & Heilb(1). 15% 164 1a% 15% WestPen (4)... 83% 85 831 85 West E1Df (7).., 116% 116% 115% 116% West Maryland. 11 11% 11 11% WestMa2dpf... 18% 19% 18% 10% WestPacDf (6). 70 70 69% 69% ‘West Un Tl (7).. 112% 114% 112 West Alr Br (6). 924 92% 92! West E & M (4, 62% 62% 62% 62% Whi & L Erle 11% 126 11% 12i Wheel &« LEpf. 22 22% 21 21 WhEagOil (3). 24 244 24 24y White Mot (4)... 63 63% 62 62y Wickwire Sp8tl. 1% 1% 1% 1y Wilson & Co 8% 6% 5% 5% Wil&Copf..... 17 17 17 17 Willys-Overl'd.. 8% 8% 8% 8y Willys-Ovd pf... 6T% 69% " Woolw'thn (3).. 111 Worthing P'mp. 30 W'thP DLA (). 79% Wrig W Jr(3).. 41% 4l% 41% a1y Yellow Cab (6).. B1% 62 b61% b2 Partly extra. $Payable in preferred stock. Dividend rates ae given in the above are the ammu ts WOOLWORTH SALES UP. NEW YORK, September .—Rumors being circulated about Woolworth & Co. here brought forth statistics on that corporation’s current progres: % | The present dividend of $3 a share, it was shown, was being earned, with a margin of $6 to spare. An increased rate to $5 annually, it was pointed out, would still leave nearly $8,000,000 to add to surplus account. Sales this year have increased to date $13,501,- 594, or about 12.20 per cent. —_— RIVER TONNAGE GROWS. RICHMOND, Va., September 9.— Heavy increase in tonnage of water shipments through Richmond's river port is reported by officials here. The tonnage for August exceeded that of July and of July a year ago. | the moment not so much is heard | did a little better. | Fransico j street, shortly will float a $10,000,000 |ing of 30-year 7 per cent bonds, all i tion in | developments following the London | conference. | Chi., Mil. & St. Paul 6s 1984... Chi.; R. 1. 5 UNUSUAL STRENGTH IN FRENCH BONDS Probability of $10,000,000|c: Loan Proves Big Factor in Market. BY GEORGE T. HUGHES, Special Dispateh to The Star. NEW YORK, September 9.—Al- though the entire bond market show- ed a better tone today, the feature ‘was the strength in the foreign se- curities. French issues were especially firm with French 7%s selling above 102 and French 8s above 106 for the first time in some days. Department of the Seine 7s advanced more than a point and the three French citles 6s made fractional gains. Lyons und Mediterranean 6s were also in demand. This better feeling toward French obligations was at- |( tributed to the announcement that a $10,000,000 bond issue would be offe: ed Wednesday for the Paris-Orleans railroad, one of France's four large railroad systems. This will be the first French fail- road or corporation issue floated in the American market since 1920, and the fact that bankers were now will- ing to underwrite a French offering was taken to indicate confidence in the re-establishment of French finan- clal stability. Other Bonds Strong. More or less other foreign bonds shared the improvement displayed by the French. Belgian 6%s, the new issye, sold again at the top price of the movement. Jugoslav 8s were active and higher. The market for high-grade invest- ment {ssues continued steady. Lib- ertys added to their gains of Monday, quotations for all issues being higher. There was no wegkness among the high-grade rails and industrials. For about rates for money. Today's New Fimancing. Speculative rails were more or less irregular. Early In the day slightly higher prices for St. Paul bonds were recorded. Missouri Pacific general 4s St. Louls and San incomes and adjustments rallied somewhat. Among industrials Chile Copper 6s were strong. New issues included $10,000,000 Pub- lic Service of Colorado first and re- funding 5is, due 1954, at 93, to yield over 6 per cent, and $800,000 North- western Power and Light first 6%s, due 1944, at par. —_— PLAN $10,000,000 LOAN TO FRENCH U. S. Bankers to fielp. Out Paris- Orleans Railroad—First Move of Kind. By the Associated Press. NEW YORK, September 9.—Ameri- can bankers, it is reported in Wall loan for the Paris-Orelans railroad company in the form of public offer- in dollar denominations, with interest and principal payable in dollars in New York. This would be the first time since 1920, it was said, that a French railroad or corporation had been able to place a similar obliga- the American market. The attitude of the financial district to- card foreign loans of this character « sald to be favorable in view of A new issue of $10,000,000 Public Service Company of Colorado first mortgage and refunding 5 per cent | gold bonds, series B, priced at 93, to| yield more than 6 per cent, was the principal offering today. The bonds are due in 1954. CHANDLER MOTOR SLASHES DIVIDEND By the Associated Press. NEW YORK, September 9.—Direct- ors of the Chandler Motor Car Com- pany today reduced the quarterly dividend from $1.50 to 75 cents a share. When the dividend action became known the stock gradually ran off to 343, duplicating the low for the year established yesterday. “The outlook for the last half of the year is such as to make us rea- sonably optimistic,” a statement by the company sald. ‘“The company is in a sound financial condition and is making the best car in its history, but we believe the best interests of the stockholders will be served by a conservative policy in reference to the dividend and feel that this dis- bursement should be kept well within the earnings of the company. “There are no excess stocks of Chandler cars either at the factory or in the hands of Chandler retailers and are therefore in excellent shape to profit by the return of business which seems at hand.” SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ~—Nown.— Bid. Offer. . 108 1033 107! Aluminum Co. of Ader. Aluminum Co. of Amer. American Sugar éa 1 . American Tel. & Tel. 8a 1925.. Anaconda Copper_6s 1929 5 Anglo-American Ofl 734s 1925.. Associated Oil 6s 1985. Central Leather 5s 1925 3 & . 1. & Pac. 5ts 1926. Columbia Gas & EL. 1st bs 1f BUTTER HIGHER TODAY. CHICAGO, September 9.—Butter— Higher; creamery, extras, 37a37%; standards, 36%; extra firsts, 36%a 36; firsts, 34a34%; seconds, 32a33. Eggs—Unchanged; receipts, 18,085 cases. CUCUMBERS DROP. . NEW _YORK, September 9 (Spe- clal).—The cucumber market was almost demoralized today, with com- mission merchants unable to dispose of their consignments, even at the lowest figures. Early morning sales were made at from 25 to 75 per bushel basket. Prices further declined for lettuce, 1A spite of the lighter arrivals, big Boston selling at 75 to 1.50 per crate. Romaine ranged from 50 to 1.2, Parts, | C: (Sales are ta §1,000.) UNITED STATES BONDS. Example Sales. 3 « 148 100-28 138 1023 [ o BONDS o s Received by Private Wire Direct te The Star Ofica. represent thirty - seconds. 93-3 means 98 3-32.) Close. 10027 100-27 101-30 102-1 1014 101-6 102-4 102e2 102-2 922 1029 102-5 102-7 92 105-¢ 104-31 105 FOREIGN. Argentine ¢s'37. Argentine T Austria 7s. Belgium 6a. Belgium 634, Belgium 7% Beigium 8s. Bei Canada 6s 1926 Canada 58 1931 da 6s 1 2 Chile 78 5% 19 46 Copenhagen § Cuba b3, o ie Denmark 6s Denmark 8s Dutch E15% DEI5%sect. Dutch East I Japanese 2d 4%s Japanese 63s. Jergens U M 6s ‘47. Lyons €s. Marseilla 6s. . Mexico 6s assented Montevideo 7s. 8! 3 2: 2 1 5 1 2 8 1 1 % |C B & Q-Tll div Paris-Ly's-Med 6s. 93 Porto Algere 8s Prague Ti%s Queens| Sao Paulo State Seine Dept. of 7s. Serbs Crotes Slo 83 13: Soissons 6t Sweden 6 Tokio bs. ... Ud Kingm 5%4s°29. 8 Ud Kingm 5%5'37. 40 Ud Steam Copen 63 1 Uruguay8s....... 2 MISCELLAN! Ajax Rubberss... 1 Am AgrChem 7%s 8 94 AmChainsf 6s°33. Am Sug ref 6s AmT&Tcltr Am T&Tcl tr5s... AmT & T deb 5%s. Am Water Wks 5s. Anaconda 1st €s... Anaconda cv db 7 Armour & Co 4%s. Armour of Del 548 Associateé Oil 8s. . Atlantic Refin 6 Barnsdallsf 8 Bell Tel Pa5s..... Beth Steel pm 5s. Beth Steel rf 8s. Beth Steel 5% Beth Steel s f 6s. Brier H St 1st 5% BKlyn Ed gen 5s... Bklyn Edison 7s D. Calif Pete 63%s. ... Can Gen El deb 6s. Central Leather 53 Col Gas & El 5s. Commonwth P 6s Con Coal Md 1st &s. Consumers Pow 5. Cuba Cane cv 7830 Cuba Cane cvd Cuban-Am Sug 8s Denver Gas bs Dery D G) s Det Edison ref 6s.. Donner Steel 78 Du Pont de N 7%8. Duquesne Light és Est Cuba Sug 7%s. Empire G&F T%s. Fisk Rubber 8s. Gen Elec deb bs... Gen Refractres 6s. Goodrich 6148, Goodyear 8s Goodyear §s 1941, Hershey 63 1942 Humble O&R 5% Illinois Bell 1st bs. Illinois Steel 43¢s.. Indiana Steel 53 Inter Paper 58°47 KCP&Lt65A'S2 Kan G & El 6s'52 Keyser (J) 1 Kelly-Sprin; Lackawa 8 6. Liggett & Myrs Liggett & Myrs Lorillard (P) 5s Marland Ofl 7%s. .. Marland O1l 8s'31.. Mexican Petrol 8s. Midvale Steel 5s ct. Nor States Pow $s Northwat B Tel 7a. Otis Steel 748 Pacific Gas & E bs. Pac T & T 1st 6s. Pacifio T & T 6263 Phila. Co ref 6s Phil & Rdg C&1 Va-CarCh T%ssw ‘Warner Sug 7839, Warner Sug 7s 41, Western Elec bs West'n Union 6% ‘Westinghouse 7e.. ‘Wickwire Spén 7s, ‘Winchester A 7% Toungma & T bs. - 0 - Bl @i ®wea R Calloarlv~oanns araaliBe 6 104% 1045% 92 92 105 105 EOous. 9 914 93% 96 96 93% 103% 100% 97% 101% @ - - ECT UL LT TS PREP S S ¥ - S N e s NANRARNRIGS _— e T T T PSP T i o - BrnRtirotacnemo® m- L 2 5 3 101 5% Clase. 2% Canad North 8%s. Canada North Canad Pac deb 4s. 80 9% 7% Car Clinch & O bs. 99% 99% ! Car Clinch & O $s. Centof Ga 538 Cent of Ga 6s. CB&Q-IN34s, Chi&EIllgnbs... 23 Chl Great West 4s. 1 CM & Puget Sd 4s. 2 ChiM & S5t P 48°26.233 Chi M&St P 45°34.. 1 e 828 29 844 7% 110% 1% 80% 8 100% 99 4% 103 - NOrmaema® e - Del & Hd 18t rf 4s.. Del & Hudson 5%s Den & Rio G cn 4s. D&RG l1st rt 5 Des M & Ft D 4s. 88 ot - - Fonmmond 88a Det United 4% 1% Erie 1st con % 1% 1% Eric gen 4s. 64% €3% 644 Erie conv 6 64% 64% 64% Erie conv 2 6415 644 644 Erle conv 4s D. 14 68 69 Erie conext7s.... 3 109 Erie Genessee R 63 7 100 $9% 100 GrTrunk efdb 6s.. 3 106% 106% 106% Grand Trunk 7s 8 115% 116% 115% Great North 5 3 98% 00% Int Rap Tr 53 stpd. Int Rap Tran 6s Int Rap Tran 7s, Int & G Nor 18 Int & G Nor aj és.. Iowa Cent rf 4s. Kan City Ft S 4s. Kansas City S 3 Kansas City S 5y Kan City Term Lake Shore 45 28.. Lake Shore 4s 31 Lehigh Valcn 4s... Long fsland rt ds.. PR o ELTAL T TIPS =T Louis & N uni 4s .. 15 Louls & N 5s B. 5 Louis & Nash § 6 Louls & Nash 7s 6 Montrl Tm 1st § Nassau L Ry 4s'57 20 N Y Cent gen 3%s. 11 N Y Cent deb 4s. N Y Cent r 1 b NYC&StLS6sA. New Havend 4s°'67 15 New Havencd 6s.. 29 18 3 5 2 Norfolk & W cv 6s. 81 Northern Pac 8 Northern Pac GO 85% 54 85% Northern Pacri€s 18 106% 105% 105% OreShort L ref ds. 31 97% 97% 97w Ore-Wash lstrfds 40 828 821, 2% Pennsylcon 43%s.. 12 99% 984 99% Pennsyl gen 4%3s.. 19 03 924 92 Pennsyl gen 6s. 3 102% 1024 1024 Pennsyl 6%s 25 1104 110 1104 Pennsyl gold 3 109% 109% 109% Peoria & B inc 4 5 34% 4% 34w PercMarq lstés... 6 96% 6% 96% PCC&StL6sA.. 2100 100 100 Readinggends.... 6 84% 844 94% 5 923 2% 5 [ 6 20% 1% 82% 695% 3% 8 T3% 102% 8% 100 9 70% 854 60%. Seab'd A Licon €s.. 73 814 80% Sou Pacific 4s'39.. 7% 97U IR SouPacificctl4s.. 7 84% 5% Bi% Sou Pacificref 4s.. 63 89% 88% 89K Southern Ry gn Southern Ry 1st Southern Ry 6s ct 1025 Southern Ry 6%s 108K Term Asso St L 4s. 83 86%. dy Union Pac 1st 4s. $2% Union Pac 1st rf 48 Unton Pac 4s8°27... Union Pac 1st rf b3 Union Pacific cv 6. Virginia Ry st §s . VaRy &P 1st § Wabash 1st West Shore 1. Whel & L E rf 43 Wikes-B&AE 1st 58, 2% % [ 8% 3% o5 3 634 —— s EXTRA ON REO STOCK. Regular Dividend Also Voted at Directors’ Meeting. NEW YORK, September 5.—An ex- tra dividend of 3% per cent on the stock of the Reo Motor Car Company has been declared in addition to the regular quarterly dividend of 1% per cent, both payable October 1 to stock of record September 15. An tra % | dividend of 1 per cent had been paid in the three preceding quarters. FREIGHT TRAFFIC GAINS. DENVER, September § (Special).— Car loading on the Denver and Rio Grande Western road in August total- ed 20,697. This compares with 20,093 cars in August last year. Inorease Wwas noted in all clamses of freight with the exoeption of forest products, | My, Dotatoes and other vegetables. IR T e SEATTLE, Tourist travel to the North Paocific coast this season has established new Rhigh records to date. Fifty-five thou- sand persons have 1egistered at Mount Rainler National Park, near hers. This exceeds the namber registered at this time last year by 30,000, September 9 (Speotal).— | * FINANC RALLY IN COTTON IS SOON AT END Prices Still Weak After Sharp Break, Due to Govern- ment Report. By the Asssciated Press. NEW YORK, September 9.—The cot- ton market's big break yesterday was followed by an opening advance of 15 to 20 poinis today as a resuit of trade buying and covering promoted by relatively steady cables and reports of firmness in the stock market. The rally to 23.78 for October and 23.21 for December met heavy offerings 9% | from the South, local traders and com- missfon houses, however, and the market soon broke, October selling off to $23.50 and December to $23.01 at the end of the first hour, or about 7 to 8 points net lower, and into new low ground for the movement. Private cables reported a quiet market In Liverpool, with prices lower. The selling locally was promoted by reports of an easier spot basis in the South, . 23.08-08 . 23.08-05 T5;_December, 23.30; .37; May, 23.68. New Orfeans Values Weak. NEW ORLEANS, September 3.—The cotton market opened barely steady despite_better Liverpool cables due. First trades were 5 to 9 points wve the close of yesterday, and October soon traded up to 3§22.92, De- | cember to $22.97 and January to $22.96, or 10 to 12 points net higher. This early gain was only & poor response to the steadiness of the English market and some further liquidation and more or less hedge selling developed which caused prices to ease off, October soon trading down to $22.77, December to $22.83 and January to $22.87, or 9 to 15 points below the initial highs. Cotten futures closed steady. 3 points zet down to 1 up. Low. 22.63 23 Janua 8 Maren . 2290 g May . 22 13 ;W1 (pening: October, 22.85: December. 22.90; January, 22.95; March, 23.07; May, 28.10. —_— GRAIN AND PROVISIONS. BALTIMORE, Md., September 8 (Spe- cial).—Potatoes, new, barrel, 2.00a2.50; 40a85 ; sweet potatoes and yams, 2.0022.50. Beans, bushel, 1.23a Beets, 100, 3.00a4.00. Cabbage. 100, 3.00a5.00. Carrots, 100, 3.00a4.00. Corn, dozen, 10a25. Celery, bunch, 252 75. Cucumbers, basket, 75a85. FEgg- plant, basket, 65a75. Lima beans: bushel, 3.50a4.00. Lettuce, crate, 1.00a2.00. Pep- pers, basket, 25a40. Peas, bushel, 1.00 a2.00. Spinach, baeket, 80a90. Squash, basket, 35a45. Tomatoes, basket, 40a 70; packing stock, bushel, 1.00a1.15. Apples, barrel, 1.5024.00 ; bushel, 75a 1.50. Damsons, pound, 3a3%. Blackber- ries, quart, 12al5. Grapes, basket, 60a 1.00. Huckleberries, quart. 12al5. Peaches, basket, 50a85; bushel, 1.00a 2.25. Cantaloupes, basket, 30a1.00. Pears, basket, 40a1.00; bushel, 1.50a 2.50. Watermelons, 100, 10.00240.00. Settling Prices ‘on Graim. Wheat—No. 2 red Winter, spot, 1.36%; No. 2 red Winter, garlicky, 1.28%; No. 3 red Winter, garlicky, 1.25. Sales—Bag lots of nearby sold at 1.17% to 1.22% per bushel. Corn—Cob, old yellow, 6.50 per bar- | rel; old white, 6.35 per barrel; No. 2 corn, spot, no quotations; No. 2, mo quotations; track corn, yellow, No. 2, Sales—Bag lots of white delivered at 1.15 per bushel. Oats—No. 2 new, 57; No. 3, 56 per bushel. Rye—Nearby, 9%5a1.05; No. 2 rve, spot, 1.02%. Hay—Receipts, 42 tons. The qual- ity and condition of new hay shows tmprovement, some hay grading as high as No. 2 timothy, which brings | top prices, 16.00a20.00 per ton. In comparison with the demand, how- ever, present receipts are more than ample for trade. wants. Low-grade and damaged hay is hard to move at any price Straw—No. 1 wheat, 13.00; No. 1 oat, new, 13. new, 12.00a 0214.00. CHICAGO LIVE STOCK MARKET CHICAGO, September 9 (United States Department of Agriculture).— Hogs—Receipts, 21000 head; desir- able grades, 5 to 10 higher; slaugh- ter pigs and light lights strong to 25 higher; shipping demand very ac- tive; others slow: big packers inac- tive; top, 10.00; better 160 to 335 pound averages largely, 9.65a9.90; bulk good and choice 140 to 150 pound weight, §.75a9.25; packing sows mostly 8.40a8.80; bulk desirable weighty slaughter pigs. 7.75a8.25. Cattle—Receipts, 11,000 head: gen- eral trade very slow; uneven; few loads good to choice handyweight steers and yearlings about dy with Monday's average market; | others weak to 25 lower, plain weigh- ty steers off moro in spots; early top Landyweight steers, 11.00; best ma- | tured offerings, 10.80; numerous loads | yearlings, 10.00a10.50; run includes about 3,500 western grassers, little done; bidding unevenly lower; few loads to killers, 6.25a6.75; she stock | excepting desirable heifers and grain fed cows not moving; bulls slow; weak; bulk. 4.3524.65; few welghty sausage Dbulls, 4.75a4.85; vealers largely 50 lower; improved quality considered; practical top to packers, 12.00; few at 12.50213.00, and better to small killers; stockers and feeders about steady. ' Sheep—Receipts, . 20,000 head; slow; few early sales fat native lambs steady to strong at 13.50a13.75; sort- ing light no action on westerns; bidding, 14.00 for cholce offerings: best held at 14.35; sheep steady: odd fots fat ewes, 4.5026.00; feeding lambs steady; early sales, 13.00; two to four year old breeding ewes, 8.50. ——— CHICAGO GRAIN PRICES. CHICAGO, September 9.—Frost in Canada, together with drought in Ar- gentina, and higher quotations at Liverpool tended to bring about price upturns for wheat today during the early dealings here. Besides, crop damage complaints from France, Ger- many and Belgium attracted consid- erable notice. However, big deliv- eries here today on September con- tracts were a weight on the market and soon wiped out nearly all the ins. Opening prices, which varied from % to % higher, with December, 1.28% to 1.28%, and May, 1.34¢% to 1.34%, were followed by a material sag from initial top figures. Reports of frost gave evident im- petus to buying of corn. After open- ing % to 1%, December, 1. 1.13%, the corn market hi little more and then reacted some- what. Oats were firmer in sympathy with % up, Decem- 51% to 51%, prices later showed something of a setback as compared with the opening. Provisions, although dull, kept about steady. = = huL o s By 13 12 . w8 1g 1hx 1% 1.18¢ 1,193, Lll* 1,1332 XA 114 115 September AT 4T 1! December := .{' 2 e e ‘Septem| P cigsz ssess ssess - I Lo ST TR T, B 1AL, ' CAPITAL TRACTION: STOCK VERY ACTIVE Total of 198 Shares Changes Hands—Riggs Bank De- clares “Extra.” BY CHAS. P. SHAEFFER, Capital Traction stock was the nn- challenged favorite on the Waenine. ton Stock Exchange this morning. and while no change in the selling level was recorded, a reatively large Yolume of the stock changed hands. Selling for the most part was con- fined to 10 and 20 share lots to an aggregate of 198 shares, the price re- maining at 91% throughout the ses- sion. Of greater significance, how- ever, was the closing of the gap to 123 cents Letween the “bid” and asked” price, a continuance of which should assure brisk future trading Natlonal Mortgage and Investme preterred maintained its daily wct ity, with a sale of 50 shares at 9% Potomac Electric Power 1st s sold at 99, with the consolidated 5s of the company changing hands at a point lower. Railway Refunding 6s sold at 99, With Gas 6s selling at 101%, Cit and Suburban s brought § Riggs Declares Extra. Directors of the Riges Nationul Bank yesterday declared an extra dividend of 1 per cent in addition (o the regular half yearly disbursement ©of 61 per cent, both payable October 15, to shareholders of record Septem- ber 30. The payable amount will total $187,500. Earnings of the institution for th- frst nine months of the pre year approximated $500,000, while for the third quarter they doubled those for the corresponding period of last year. Great strides have been enjoyed i the Riggs National. In 1915 deposits of the institution totaled but $8, 000, on September 32, 1924, amounted to $31,082.000. an increa of approximately $5,000,000 i last year. Surplus and undivi profits now aggregate $1,059,128, an addition of about $370,000 in the last 12 months. Also, approximately $600.000 was expended in impr ments to the main office in the last two years. Loan Pleases Bankers, Although subscription to the new 2%, per cent offering of Treasury o tificates came in in good volume 1 terday, the flotation created but min Interest in local financial Both the amount of the lo: terms were fairly accuratel pated r circles, 1 and the antic Bankers say the offering is a:- tractive to banks and corporations. but would carry little uppeal to the private investor. Lecal Bond Offering. A new e of $150.000 of 7 g cent close first mortgage gold bond is being offered locally today by the American Coal Corporation, a Wash- | ington concern, with offices in the Transportatfon Building. 1t is se- cured by assets declared ihree times the value of the loan, these inc luding mining properties, a large coal yard with modern equipment and carnings which are said to exceed Ly 14 times the interest charges on the flotation. The corporation distributes an- thracite and bituminous coal in the Di trict and adjacent territory, and has had more than 3.000 customers during it= three years of operation. It is officered by Chester C. Gilbert, president: J L. Punderson, vice president and general manager, and Herbert B. Hayden, sec- retary and treasurer. The bonds are b offered in de- nominations of $100, O and $1.000 &t par and accrued interest. They are callable after two years at 105 Further increased demand for trans. portation facilities is causing contin- ued reduction in the number of suf- plus freight cars in good repair and immediately available for use, aithough this increase in traflic is being handled without difficulty, the American Rail- ‘Wway Association reports. The surplus freight cars on Auz 22 totaled 258,271, a decrease of 20, compared with the number on Au 14. Car shortage for the country as a whole was only 190 cars on August 22 compared with 192 on August 14. NAY IO HERGER Pittsburgh & West Virginia to Divide Property and Redeem Stock. By the Associated Press NEW YORK, September 9 —Segre gation of the coal properties of the Pittsburgh and West Virginia Rail- way Company was ordered late ves- terday by the road's directors, who at the same time called for redemp- tion of the company’s $9,100.000 pre ferred stock issue and voted to offer to common stockholders the right to subscribe pro rata to the $4,000,000 capital stock of the Pittsburgh Ter minal Coal Company, the corporatior to be divorced. The action Was regarded in the financial district as the first step in the eventual consolidation of the Pittsburgh and West Virginia with the Greater Nickel Plate system. now being organized by the Swerin gen interests of Cleveland. Question ed regarding this possible develop ment, Frank E. Taplin, chairman of the Pittsburgh and West Virginia. did not deny the report Holders of Pittsburgh and West Virginia preferred stock, which is o be remred. will reccive $105 for their shares. The stock closed today at 103, the highest level of the year. having scored a consistent advance trom the low price of 85%. touched carlier in 1924, Pittsburgh and West Virginia common stock, to which valuable subscription rights will ac- crue, has risen from a 1924 low price of 38 to a top figure of 63%. selling a point below that level today. Coal lands of the Pittsburgh Termi nal_Coal Company, comprising about 15.000 acres of bituminous fields in Allegheny and Washington Countics Pennsylvania, and having an esti mated unmined output of 72,500,000 tons, are valued at $13,593,307 in ihe company’s balance sheet. Total as- sets are placed at $17,850,714. CHICAGO WILL TRADE IN COTTON OCTOBER 10 By the Associated Press, CHICAGO. September 9. —Chicago's rise as the arm capital of America was given further impetus yesterday by the decision to establish a cotton futures murket on the Chicago Board of Trade. By a referendum of the members the association adopted a new set of rules which provide for the creation of a futures on cotton on the floor of the exchange. “Steps will be taken at once to put the market into operation, President Frank L. Carey declared in a state- ment, Trading will probably begin October 10. _«