Evening Star Newspaper, June 5, 1925, Page 27

FINANCIAL NEW YORK CURB MARKET PRIGES HOLD FIRM AT CENTER MARKET Poultry and Egg Demand Quiet—Beef Prices Same as Yesterday. Poultry is not much in demand in the Washington wholesale market, dealers state, the demand for all foods being slow. The egg market was re ported this morning as being quiet, with but few buyers, but prices have not changed. Dealers believe eggs will be cheaver the coming ‘week, how- ever, although heavy candling losses may upset their calculations. Today's Wholesale Prices. Butter—Fancy, tub, 61; prints, 52; store packed, Eggs—Fancy, a35; average rec Poultry white leghori elected, candled, 33 ipts, 31a31%. Broilers, 45a48; ¢ fowls, 26a geet al5; ducks, dressed fowls, 30; 0. . choice, 10%: lean, 8ad. Lambs, Live hogs, 12. medium, 10all; Spring, 13%al4. i e Beef, 17a18; veal, 18; Spring Jambs, 30: hogs, 21 loins, 31a32; hams, 26a28; shoulders, 18a20. Fruit and Vegetable Review. Today's market report on fruits an vegetables (compiled by the Market Service Bureau of Agri altural Supplies practically ood, market firm; Salmon Cantaloupes cleaned up; demand California, Imp Jumbos mostly onys 458 and 54s, 6.00; Jumbo .75a3.00; Jumbo flats 7s and cumbers—Supplies moderate; de- mand limited, market dull; South € olina, bushel hampers and square bushel crates, wide range quality and condition, 2.00a3.00; V' olk section, hotbed stock, bushel hampers, 5.00 Lettuce—Home-grown supplies, mod erate and supplying the market Onions—Supplies light; der jted, market firm; new stoc standard crates Yellow Bermuda: U. 8. No. 1 ; old stock, Egypt, ap- proximately pound sacks Yellow! mostly 6.50. Peaches—sSupplies moderate; demand good, market firm; North Carolina sixes, Mayflowers, y to fair condition, poorer, low as 2.00. New Potatoes Cheaper. Potatoes—Old stock, no sales report- ed: new stock, supplies moderate; de- mand moderate, market weaker; North and South Carolina, cloth-top stave barrels Irish Cobblers, U. S. No. 1, 5.00: ; Virginia, Norfolk section, cloth-top stave barrels Irish Cobblers, U. S. No. 1, 5.00a5.50; few low as 4.75. Strawberries—Home-grown, receipts very light and supplying the market. Tomatoes—Supplies moderate; de- mand good for good stock; market strong: Mississipp, fours, ripes and turning, wrapped, 1.75a1.90 Watermelons — Supplies light; de mand moderate, market steady; sales direct to retailers, Florida, Tom Wat- S - Ib. average, mostly trading 4.2 10 best, String Beans Also Drop. String Beans—Supplies heav. - mand moderate; market weaker; North and South Carolina, bushel hampers, 50a3.00; flat, 3.00a3.25; Vir- zinia, Norfolk section, peck hamper: green, 3.50 Peppers—Supplies very light; de- mand limited, market steady; Florida, pepper crates, fancy stock, 3.00a3.50. Egeplant—Supplies very light; de- mand moderate, ~market steady; | Florida, pepper crates, fancy stock, | mostly 3.00 1 Dewberries—Supplies moderate; de- mand good, market stead Carolina, 32.quart crates, b 0; mostly 5.00; fair quality and con. | dition, 3.0024.00; few very poor condi- | tion low as $1 . Squash—Supplies light; moderate, market steady; N lina, bushel crate, white, STRAWBERRIES HIGH IN NEW YORK TODAY Red Raspberries and Blackberries From North Carolina Now in Market. demand | Bpecial Dispatch to The Star. | NEW YORK, June 5.—Fancy large es were scarce today and the market was strong. The best New Jersey, Delaware and Marvland offerings commanded as high as 35 cents per quart Red raspberries are commencing to | arrive in small lots from Delawar nd are selling slowly at to 2 cents per pint North Carolina blackberries brought 20 to 25 cents per quart. Uneeda peaches were firm at $3 per bushel basket and Early Rose at $3.50 to $3.75 strawber 29 ENGINES SHIPPED ASSEMBLED TO BRAZIL | Spacial Dispatch to The Star. PHILADELPHIA, June 5.—The 29 Jocomotives shipped by the Baldwin Co. to the Brazilian railroads on the steamer Manchurian Prince this week were loaded assembled by putting six | feet of soft coal in the bottom of the Ids. On this was laid a_wooden track holding the engines The tim- ber: sinking into the coal, gave the Jocomotives a firm resting place. DENVER ROAD IMPROVES. Rio Grande Larger Total Assets. YORK, ) Western's Report NEW June 5 The R ande Western for 1924 shows ets of $209,826,289, against 0 the year before. Current < e $10,166,448, compared with £11,312,718 in 1923 and current liabili- ties $3,001,675, against $11,678,318. Profit and loss surplus was $160,710 in contrast to profit and loss deficit of $4,814 in the previous year. In. come account, previously . published, showed an increase in deficit to $3.604." | 719 pamphlet report of the Denver and |j | WEEKLY COTT&fi fiEPORT. LIVERPOOL, June & (#).—Weekly cotton _statistics: Total forwarded to| iills, 33,000 bales, of which American 5,000; stock, 801,000; American, 569, 000; imports, 30,000; American, 12,000; exports, 1,000; American, none. . 78 PER CENT ADVANCE. NEW YORK, June 5 (#).—The Spicer Manufacturing Co. reports sec- ond-quarter business running 78 per cent ahead of the same period last " year, with indications that June ship- ments will show a large gain over June, 1924, { units. | Capital Traction R. R Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, June 5.—That spec: | ulative sentiment toward the public utilities had taken an abrupt change during the past few days was borne out by the manner in which these stocks were freely offered again today. The decision by several Stock Ex change houses to permit no further dealings in this class of securities on # marginal basis might have had a good deal to do with the welling. But it was evident to many that the market of the past few months has sone a long way toward discounting the improvement in earnings and the possibility of benefits to be derived from the consolidation of many of these companies into superpower units. Such high-priced members of the Broup as Carolina Power, National Power and Lehigh Power were down NEW YORK, June 5.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in ox thousands. EONLE 1 Allied Pk 8s. . Allied Pk 8s Close. By s SEE 2235225855038 SESIRRSAARSI52333 P Serv 78 C 1Cities Serv 65 5'Con G Balt 5148 E 1 ns G Balt 65 A 1 TS oo #OF 73%s. R Cudahy 5358 10 Detr't Cits G 1 Detroit_Ed_6s 2 Detr't Ed 5s B R 8 P s s SESsienSSokans R33333RFSEFRSTEIFRSTLE. Py Dunlop T & 2 Grand Trunk 10Lib MeN & L 3Lig Win Re itoba Pow 7 Pac Ry at Distl Pro 7a.. Or Pub Ser 5s. Nor States P 6145 40 Nor S P M 6las C 22 Ohio Pow 5s B... 2 O 6°F %0 PP gty ¥ Pennok O C 1 PO ..ui\hrg l-'ilhl . Sand s Bl 3 Sin 01 S n 020 T8 oy Transcont Ol 533325 f 3 it FEEEES ® SR o & 333555350 op5203050 358 s0at 202 > 3 R 2320 Pt S e SR b P N T8 32222232 R 23330533282 R55 52 525535550 Rub Rub 6 Rub Rub Rub Rub Rub 0 £ s 25 0000000: 2R RRn 00005 FOREIGN BON 5 Alpine Mo S 7s .. 91% ity Graz 8s 98 56 Est R R France 7a 85 & French Nat 3 47 Ind Mte Bk Fin 73 31 King Neth s '54 1 10 Krupp Fried L 7s 9 8 Mor Bk Denm 6 5 Russ Govt f 7 Russ G 6138 1 Siemens Hal 4 Siemen&Hal Sales in ;. STANDARD OIL ISSUES. 400 Anglo-Am Oil.... 23% 500 Cheshr'gh Mfe.. 58 100 Gal Sig Oil 10600 Humble Oil & R 30 P L:....... 2000 Im 0 of Can new 10Ind P L......o 3500 Int Pet € Tt 180 Magnol Nat Transit. 20 N'Y Transt 600 Ohio Oil 5100 Prairie O&G new 61 3570 Prairie P L...... 126% 70 South Penn Oii.. 170 20 Southern P L.. ‘Washington Stock Exchange SALES. Washinston Gas 58—$1,000 at 500 at 1001 Capital Tr 951, 10 at Washington 100 & 100%, tion Co—10 at 95%. 5 at 58 Lanston' Monotype—2 at 83. ATER CALL. g ehinston Rwy. & Elec. 45—81.000 &t Washington Gas 8s '33—$100 at 102%. Commercial National Bank—6 at 183, Lanston Monotype—40 at 83. 22 at 8 Washington Gas 6s '33—$1,000 at 10: Washington Gas 58—S$500 at 1003 . Georgetown Gas 56—$2.500 at 03 %. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY American Tel. & Telga. 4s... American Tel. & Telga. 418, Am. Tel. & Tel. ctl. tr. bs... Am’ Tel. & Tel. conv. Bs. Anacostia & Potomac Ba..’. Anacos. & Potomac guar. bs & P. Telephone & €. & P. Telephone of Va. b City & Suburban Bs 3 Georgetown Gas Ist Ba. Potomac 5 Potomac Potomac Pot. EL. Pow. g. m. h.. Alex. & Mt h. Alex. & MtV & Annap. Wish Wash Rwy. Rwy . o & Elec. gen. Bs. MISCELLANEOUS. Pot. J S Riges Realty (1o E Riges Realty 5s (short) Southern Bldg. 61as. Wash. Mkt. Cold Storage Wardman Park Hotel 8s... STOCKS. PUBLIC UTILITY. American Tel. & Telga. . 140% Capital Traction. < ab Capital Traction ashington S orfolk & Wash. Steamboat. Wash. Rwy. & Elec. pfd. Wash. Rwy. & Elec. pfd Terminal Taxi com 25 577 245 20 National Capital Columbia 2 Cenimercial District = Farmers '& Mechanics'. . Federal-American TRUST COMPAN n Security & Trust.. ;mlm_}_ Sav jon Trust......... ashington Loan & Trust SAVINGS BANK Wathgeon Mechanics FIRE INSURANC American A Corcoran Nrtiona” Cion.. TITLE INSURANCE. Columbia Lo Real Estate 111111111 148 MISCELLANEOUS TR Rans. & Siorage 110 T 177y >, Paper Merchants’ Mergenthaler Linoty} National Mortg. & Inv. 0ld Dutch Market com Old Dutch Market pfd. Lanston Monotype . Seeurity Storage... .. Washington Market, Yellow Lub Direct to The Star Office anywhere from 7 to 17 points at their lows of the day, while the popular priced issues of the type of United Light, Western Power, Power Cor- poration of New York and Southeast- ern Power lost substantially. The feature of the day among the specialties was Pathe Exchange, class A, which was bid up sharply on re. ports that the company had drawn up agreements with a number of promi- nent retail organizations to market immediately the new Pathe motion picture machine. Durant Motors was under further pressure today. It was not until the afternoon that the ofl shares were taken up, apparently in response to April gasoline consumption figures, which established a new high record. The new St. Paul bonds to be issued under the plan of reorganization sold up a point to 83. s o s 0 s0 108 O Nebrask: 2000S O N Y. 500 Vacuum Oil Sales INDEPENDENT OIL STOCKS. in hundreds, 33 Am Maracaibo Co 8% 8% 4 Am Cont Oil 5 5 4 Carib Synd .. 19 Cit Serv new. 4Cit Serv pfd 3 Cit Ser B ofs. . 42 Columbian Synd: 153 Contine vie 4 Creole Synd ... 1 Crown Cen wi.'. 5 Euclid 01 Co 20 Gibson Oil Cor. . 29 Gulf Oil of Pa. 7 Kirby Pet 75 Lago Pet .. 2 Marland 17 Mount Prod 12 Mount Gulf .. 4 New Bradford 0 1N Eng Fuel O wi 9 Pee: Oil Corp 56 Pennok_0il. Corp 6 Reiter Foster 5 Royal Can O & R Ryan Con ..... R i o0 ettt raai SOy P > = PP o ROPR- 5 IOPUSIO - PO 0 1 E: > TR RO 1 JOPASIOL ISP et S0t PPy E SIFITE SEVIEEE ¥ & ERITE GESRIEE SiE S INDUSTRIALS. 1 Acme Coal 10 Acme Pack 3 Aridond Pow " ‘&2 1 Aridond Pw 77 104% 7 Am Chicle rts wi .85 7Am Gas & El. .. 813 3%m Gas & EI pfd 807 7 Am Hawaiian 10 28Am L & Trac.. 2 Am Multigraph.. 82 Am Pow & Lt . m Pow i Ravon Proa. Superpow A Superpow B Thread pf. .. nour B vie. Gas & Elec.. antic Fruit. .. .| oissonnault G C 227 2 & > ] pime S 5a8e 23 REE L3528 o a2y aaa R & in e 2 PTEyERy S F 2 g ooy M oo 11 ] S Bherarary o 28! et o St 5 1011 D13t 4 g 20 DUk B0 o LIS 13 B FaEE o EESE R oS (S~ DA RO RERIE FEHE P BTN Lo S T e hier Mot Cor wi115 BClev Auto. ... 24 214 Commonwiih B c 183 ommonw 3 38 Comnw P C 5 wi a9 POy F FEEVSS Py 106 Continen Bak B. . 23 Contl Bak pfd. . S2RNEZEBILT 535 or RC vt tr ¢ . & W Coal hler Die CC. bilier C & Rad rant Mot... .. o) (8. 1 SR S mmes 227 2 > o | 1 Invest Inc. lec Auto Lite. ureka Vacu ‘ed Metals T.... ‘ord Mot Co Can 4 rank HH Mfg C reed Eisem RC. o $22232 oot ©OCODODOO Eso i 5 ] 1 5 5, tars B o, 5 PEE FEE FREE ¥ ‘ 3 o a) < = A P b 5 ot FEFE FREAEE SEEER B R EESS et TR et rrepe Z350 oodyear Tire 1Gt At & Pac pfd 8 Grennan Bak ... 13Grimes A & C'R Happiness C St A 4 Hazeltine Corp.. 1 Hercules Powder. 1 Horn & Hardari. 3 Inter Contl Rub Intl Coner Ind C i1 Intl Match C pfd. Int CHIA...... nt Ttil elvinator C.. oSt SEREER e ERE FRER F AR SR RSN F IF ¥ FEESEE O SR e S st - £75 » 15013 on e XYY 3233 BIBIEE 3 B3 S D BB A S BE B FITEE SRELFESFE S Semboae Dt i 3 D10 M D5 SN 200D RSN S e PR = PO DN LSS S T i A8 DB DR O SO NSRS B BSAB 5 1 1Lib § 2 Marconi Wire 1d 34 McCord R Mf wi 23 Marc Wire Tel C _"1% Mercanuije Stores 150 enge! B Mid Wey e ® e SRS =B A i3m0t B IO DD et D At SO T A ID A DD DI 1D I 2 Nick B nw gt wi 83 Nizer ‘Corp ... 48 ow C.” 103 $ & ot 90% 1 Nor Sta I3 18 Nor Sta P C war 28 2 Nor Ont L & P. 46 10mm Cv tecfs.: 14 2 Oppenheim & Coi 444 80 Pathe Ex Inc A.. 87 ! b e o nemBie oug G SR R D S B3 D D2 e S D08, i T REF FTRFEE Cpt1 IS BRITEE FEE P& 2 South Calif E 8 St Reg_Pa 1 Stand Pub 1] Stutz Mot. AR DD D bk b s 3 oo S, SRR B S A R S B S 2 SR SRS 5SS ES5SRTS 33 alls 2 Tenn Elec Pow ITerre HI & ET 1 Thermiod 0., 13 Thompson R vic 1 Tobaceo Prod Ex Jnion Carbide. 361 95 Uni Lt w el 2 ) BEFE SFE B SIREFEEE 2o Do s 2558 3 g85% ¥ s & C n pf wi MINING. 80 Ariz_Globe C. 10 Butte & Weat 18 Canario_Copper, 24 Chino Ext Mines 4 Cons Cop Mines. 1gop Range.. 2Eng G M Lid T 50 First ThoughtGM .11 30 Hawtnorne M 1 bg 1l Top Nev . Ol B2 S0k i) o TER s F oI owe § new v .I’oms ) § D".(l‘a . o Sron Val . o - R TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) s June s Sept. il‘ 1925. 5, 1 15, 1925 18, 102i Three thousand toy makers of Son- neberg,- Germany, now are idie. FEITFES FEER FFE F PAE BEESPE FERE R OB |FRENCH NOW FACE HIGHER TAXATION Probable Advance Held Main Reason for Latest Break in Exchange. Special Dispatch to The Star. NEW YORK, June 5.—The renewed selling of the franc might have been ascribed to the reported cabinet crisis, but this was only superficial. The real explanation lay in deeper causes. The present finance ministry has been the first to have the courage to make known to the French public that it has been misled in thinking that the budget had been balanced. It has been more frank than the others in recognizing that the existing state of inflation can only be dealt with through increased taxation. In the meantime the increase in ad- vances by the bank to the French government of 1,350,000,000 francs in the last week, bringing the amount to within 800,000,000 francs of the new maximum recently fixed by law indicated the artificlal character of the bookkeeping which for months held the item of “udvances to the state” around the 23,000,000,000 level. HEAT KILLS MANY CHICKENS IN TRANSIT Fifty Per Cent in Some Coops Prove Complete Loss to S<=i- ers—More Care Needed. Continued hot weather is causing poultry dealers much trouble. In nu merous instances of shipments re- ceilved this morning, it is stated, near- ly 50 per cent of the contents of some of the coops were dead. Even after arrival here dealers have to exercise great care in the handling of the poultry. One dealer said he had several electric fans in operation in his place of business and thé chici- ens are given plenty cool water. W., B. & A. BONDS NOW 66; BUYERS ARE UNKNOWN Special Dispatch to The Star. BALTIMORE, June 5.—Washington, Baltimore and Annapolis Electric Rail- road bonds are being steadily absorbed, but the source of the buying continues to_puzzle the local financial district. During the recent movement, which carried the price of the bonds from 581 to around 69, it was intimated that the bulk of the buying was for ac- count of New York interests, though their identity was concealed. The price dropped back to 63. Since then it has gradually worked up to 66. MAXWELL OVER-COUNTER STOCK IS QUOTED AT 118 NEW YORK, June 5.—An ‘“ov the-counter” market developed yes terday for the old Maxwell Motors A and B shares, trading in_which was suspended by the New York Stock Exchange because of the small amount of those stocks outstanding. The first quotation was 118 bid and 122 asked, as compared with the final price of 120 on the exchange. A& few sales were reported around the lower figure. ANN ARBOR RAILROAD BOUGHT BY WABASH OWOSSO, Mich., June 5 (#).—The Ann_Arbor Railroad has been sold to the Wabash Rallroad, according to an official_announcement made here by J. E. Tussig of St. Louls, president of the Wabash. The sale, he said, is subject to the approval of the Intew state Commerce Commission. MOVEMENT OF COAL PUTS CARS IN SERVICE Special Dispatch to The Star. CUMBERLAND, Md., June 5.—Im provement in coal trade is reflected by the Western Maryland Railway by the taking of 415 coal cars out of storage and moving to the mines west of this city, largely in the upper Po- tomac field. The cars were brought from Hagerstown and Willlamsport. —_— MIDLAND STEEL EXTRA. NEW YORK, June 5 (#).—An extra dividend of about 40 cents a share on the common stock of Midland Steel Products and an extra of §1 on the preferred were declared today in ad- dition to the regular quarterly pay- ments of $1 on the common and $§2 on the preferred. e e———— BUSINESS GAINS RAPID. NEW YORK, June 5 UP).—Ship- ments from refineries of the Cities Service Co. in the first quarter this vear increased 49.2 per cent over the same perfod of 1924. Sales of gaso- line totaled 70,303,000 gallons, a gain of 66.7 per cent. PARIS MARKET UNSTEADY. PARIS, June 5 (#).—Prices were un- settled on the Bourse today. Three per cent rentes, 44 francs 40 centimes. Ex- change on London, 99 francs 70 cen- times. Five per cent loan, 53 francs 40 centimes. The dollar was quoted at 20 francs 51% centime: TODAY’S MONEY RATES. NEW YORK, June 5 (#.—Call money firmer; high, 4%: low, 3% ruling rate, 3%; closing bid, 43;" of- fered at 4% last loan, 4%. Call loans against acceptances, 3%; time loans steady; mixed collateral, 60-90 days, 3%: 4.6 _months, 3%a4; prime com: merclal paper, 3%a4. . METAL MARKET. NEW YORK, June 5 (#).—Copper dull; electrolytic, spot and futures, 13%. Tin firm; spot and futures, 56.5 iron steady; prices unchanged. Lead steady: spot, 8.40a8.75. Zinc steady; East St. Louls, spot and futures, 7.00a 7.05. Antimony, spot, 16.00. e BOSTON STOCK MARKET. BOSTON, June 5.—Following is a list of today's highest, lowest and clos- ing prices for the most active stocks dealt in here: zona Com '.". Boston & Maine 10 20 2% 5 19 3 on Calu & Hecl Conner, Eopper” Ranie East By 1 S & FIEE FRERFRE FF FES 135 B2 HEE 30! , FREP F30 FEOFFEF R S e R R Tt FORSR R R 3 s R oty S5ERBETEE5. ERasta S3LTEEERLEREES b peoreratiet S FEEE it Driven by an airplane propeller, an auto invented by a 17-vear-old Western boy ls proving a success. i { but it POKER PORTRAITS. i i | I | | [ iw' ' PRACTICAL JoxER AZIZIA HAS RECORD AS"HOTTEST PLACE' Inland Town in Italian Tripoli Registers Temperature of 136.4 Degrees. “Azizia bristles with ‘z sizzling,’ and there you story of this inland town : so does have the of Ttalian Tripoli in one word,” says a bulietin | from the Washington headquarters of the National Geographic Society. “That Azizia fully deserves the ad- jective s apparent,” continues the bulletin, “from the fact that it has just shouldered our own Death Val- ley from first place as the world's hottest place. A sheltered thermom- eter at Greenland Ranch, in Death Vall July 10, 1813, reached 134.1 degrees Fahrenheit, which stood as the world's veritable record until the Azizia temperature—136.4 degrees— recently announced, was observed last Summer ““Azizia is a little more than a desert village—the North African equivalent for our ‘wide places in the road | 4 FINANC NO!! Don't Tew me, mes. wHooF, THAT CHARLIE DOESN T Gwe You HALF H1§ POKER WINNINGS L CANTY BELIEVE 'T! CHARLIE S Too GOOP A SPORT To Do A THING LIKE THAT. EVERY OTHER MAN |HTH§ OANG SPLITS WiITH HIS WIFE WHEMN HE WINS, 5 Mo MORE THAM FAIR WHEM A SIRL LETS HER HUSBAMD FLAY POKER THAT SHE SHOOLD GET HALF THE Copr. 1925 (N. Y. World) Press Pib. Co. Tire Demand Puts Rubber at Highest Point in 10 Years By the Associated Press. NEW YORK. June 5 rubker market has reached highest level in 10 vears, prices having advanced 415 cents a pound since Wednesday. Spot ribbed smoked sheets sold vesterday at 77 10 78 cents a pound. The rise is attributed to large demand by tire manufacturers who have to meet present high production schedules ‘The crude MIDDLE WEST FIRM BUYS MAINE PLANT Centrai Power Co. Sells All Com- mon Stocks for $140 Per Share. By the Associated Press PORTLAND, Me., June 5.—The Mid- dle West Utilities Co. has contracted to purchase all the common stock of the Central Maine Power Co. at $140 a s strategically located about 25 |share, a copyright dispatch from Chi- miles inland from Tripoli City and the | cago to the Portland Press-Herald to- Mediterranean. It figured importantly !in the guerrilla warfare between the Italians on one side and the Turks and Arabs on the other that went on from | 1911 until recently. When the Italians landed in Tripoli and the Turks fled from that city, Azizia, in spite of its insignificance, headquarters. Building—a sort of administrative stronghold—and several rows of low. narrow, mud-walled barracks. there was also an unseen side to Azizia, numerous underground dwell- ings of the extremely poor inhabitants of the country. Sloping tunnels led to a depth of 8 or 10 feet under the sur- face, and through very small openings into chambers hollowed from the con- glomerated rock of the region. “Azizla and the country in which it lies have two totally different as- pects, that following the rainy season of Winter, and that during the much | longer dry season. After the rains large regions are covered with grass, which supports flocks of sheep and numerous camels. In Summer most of the country seems a hopeless desert of golden sand, gray scrub, rocks and heat, Italians Holding Control. ““The Ttalians, who now have Tripoli pretty well under control, have built a raflway from Tripoli City through Azizia'and on into the Jebel, 15 or 20 miles to the south. The Jebel is usually ccnsidered a mountain range, but in reality it is the clifflike escarp- ment of the Sahara Plateau, broken into gigantic steps, which has all the appearance of a mountain range from the low ground to the north. The lower levels of the Jebel are bare and sun-baked, but higher up is the pleas- ant green of olive groves. The level parts of still higher steps are carpeted with luxuriant grass during a consid- erable part of the year. / ““The top of the Jebel lies about 2.000 feet above sea level. On its crest just south of Azizia, and on a long-used pass, is the town of Gharlan, a place of Importance in Roman times. Near by are the ruins of Roman villas. If Azizia increases in importance because of the railway, Gharian may become its Simla, to whose cooler and greener upper levels those who must live in the desert town may flee during the sizzling Summer heat.” SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Adirond. P. & L. C. 8s 1920. Alum, Co. of Amer: 7 105 ‘American- Sugar 6s 1937 Amer. Tel. & Tel. s 1925 Anaconda Coj Baltimore & Ohi Bethlehem ‘Steel 58 1036, Central of Georgia 6s 1 Chi.. Mil. & St. P. 6s 10 Chi.! R. 1. & Pac. Bis 1926. City of Lyons 6s 1034. . . olum. G. & E. 1st bs 1927 mtinental G. & E. 5s 102" Du_Pont 7%s 1931, Federal Sugar Ref. 6 Federnted Metals 7 Goodyear T. & R. Great Northern 7s 1036. . . Pa. Bigs 1928 5 . 1026 23335383 5555552555050 M. St.P. &S. Morrig & Co. 7 al Oregon Short Line 48 192 . R. R. p FEERERFEST FEENTER FEIEIE 22 2322358322533253228 2333230223233, ERIE FEE SRR FEE IO T IO IO OO ROroy 82332328235 325@ 022308 S05! S5 85055 £3%3 t 3 i Wecters. Unton § 112 ‘Westinguouse E. 107% as made the Turkish | It consisted of the Kasr | But | 151s power | | | day says. Walter S. Wyman, president of the Maine company, made the an- nouncement after a conference yes. terday with Samuel and Martin Insull, representatives of the Chicago group, the dispatch says. Final transfer of the common steck, which there are 25,000 shares out- standing, will take place about July 1 t Augusta_and_will involve about 00,000. The Maine company con- properties in many parts of the State FRANCS AGAIN HIT LOW FOR THE YEAR Special Dispatch ‘to The Star. NEW YORK, June 5.—One of the | principal incidents bearing upon the financial conditions today were the drop in French francs to a new low for the year. French exchange around 4.80 was selling at the lowest since the Spring a vear ago, when the $100,000,000 Morgan loan brought about the sensa- Iionalare(‘o\'ery from the extreme low of 3.43. EXTRA AND BEGULAR DIVIDENDS VOTED NEW YORK, June 5 (#).—Directors of the Cincinnati, New Orleans and Texas Pacific Railway Co., a subsi- diary of the Southern raiflway s jtem, today declared an extra dividend of 315 per cent in addition to the regular semi-annual dividend of 3 per cent on the common stock. CLOTH PRICES FIRMER. NEW YORK, June 5 (Special).— Cotton goods continued quiet . today but prices were a shade firmer. The 64x60 print cloths were quoted again at 9% cents, but the 68x72s were advanced % to 10%. Raw silks slowed down and declined 5 cents a pound. NEW YORK DAIRY PRICES. NEW YORK, June 5 (#).—Butter steady; receipts, 21,069 pounds. Cream- ery extras (92 score), 43; do., firsts (88 to 91 score), 41a42%; packing stock, current make No. 2, 28. Eggs irregular; receipts, 34,936 cases. RATES ON BAR SILVER. LONDON, June 5.—Bar silver, 31%d per ounce. Money, 3% per cent. Discount rates: Short and three- menth bills, 43%a4 7-16 per cent. NEW YORK, June 5.—Bar silver, 68%4; Mexican doliars, 52%. CaEE T ‘World’s Greatest Tunnel. ‘The greatest tunnel in the world soon will be built under the Mersey River in England to connect the City of Liverpool with Birkenhead and adjacent towns on the south bank of the river, says the Popular Science Monthly. It will have an internal diameter of 44 feet, greater than the Hudson River tunnel now nearing completion.. The tube will contain two_decks, one for automobiles, the other for street cars. ¢ COTTON GOES HIGHER ON WEATHER NEWS Drought in Texas Causes Strong Opening and Later Advances. By the Associated Press. NEW YORK, June 5.—The cotton market showed renewed firmness at the opening today owing to the con- tinued dry weather in southern parts of Texas First prices were 9 to 20 points higher, and active months showed net advances of 24 to 30 points in early trading, July advancing to 23.80 and October to 23.25. There was consid erable realizing, but some fresh buy ing was reported as well as covering. Offerings were readily absorbed. Owing to the Whitsuntide holidays Liverpool was closed and will not be opened until Monday, but houses with Liverpool connections were buyers here. New York cotton futures closed firm at net advance of 35 to 40 points. High. Low. Range 91 July . October Deceniber Jnmuary March New Orleans Quotations. NEW ORLEANS, June 5.—Con- tinued absence of raid in the belt and the growing strength of the spot mar- ket caused cotton to open firm today with gains of 19 to 25 points. Later this wag increased to 29 to 33 points, with July_selling at 24.15, October 22.92 and December 23.02 New Orleans cotton futures closed strong at net advance of 32 to 38 points. July .. Octoner " December January . Mareh ..., “ALL-AROUND” UNUSUALLY GENEROUS Valuable Algarrobo of Argentina Yields Timber, Fodder and Alcohol. From the Cleveland Plain Dealer. ‘The algarrabo tree of Argentina is an “all-around” tree. With indis- criminate generosity it renders up timber, fodder and alcohol. It pro- duces in season a harvest of long beans, the fruit of which, when it falls to the ground, constitutes excel- lent fodder for grazing animals. A liquid, too, is distilled from this same fruit by the Indians that is pe- culiarly popular, and plays no little part in native life. A plant that is of great service to the traveler in Argentina 1s the cara- guta. It retains fresh wate- almost continuously in the cups of its leaves that serves admirably as a beverasge As a timber the algarrobo is valu- able for purposes for which a hard and durable material is necessary, and it adapts itself admirably to street paving. The Parthenon Square in Rome is paved with this wood, as the result of a gift from the munici- pality of Buenos Afres. » COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, June 5.—Georgia's watermelon production this year will not be greatly in excess of 10,000 cars, as compared with 16,000 in 1924. The shipping season will begin June 10 and continue about three weeks. SAN FRANCISCO, June 5.—Grow- ers expect strong prices for Cali- fornia’s big wine grape crop. The first contract for September delivery reported was on a basis of $65 per ton for Zinfandels, $75 for Carrigans and $85 for Alicantes. ! HARRISBURG, Pa.. June 5.—Corn planting has now been finished except In isolated' sections in the northern part of the State. 'Winter wheat is heading rapidly, but oats are growing slowly. NEW ORLEANS, June 5.—Sales of automobiles for the last fortnight show material improvement. A large part of the buyers came from coun- ltry districts. Delightful Embarrassment. From the Rochester (Ind.) News-Sentinel. Any girl is happy iff she has so many frocks she cannot decide which oie o wedr, IAL SPRING AUTO SALES PERIOD STRETCHED 400,000 Cars Turned Out Last Month—Slight Gains in Textile Industry. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, June 5—The automo- bile industry admittedly is one of the most accurate barometers of business in the United States. It reflects both the buying power and the buying urge of the public, and its ramifications touch mnearly every commodity pro duced or manufactured in the cou t The industry has been more a tive in the last month than at any time. Approximately 400.000 cars were turned out of the factories in May. Moreover, sales have kept excellent pace with production. There are no big stocks on hand. Dealers have been driving cars away from the fac tory as fast as they were assembled The Ford output is being maintained and increased. The volume of produc tion reached at the Hudson and Essex factories has permitted cuts in the prices of both cars recently. Buying Period Stretched The Spring buying period has been stretched out longer than usual, but there is evidence thut makers will begin curtailment this month. Man: expedients are being considered to maintain sales during the Summer but that period normally is one of slack business in automobiles, and manufacturers are not likely to load themselves or their dealers up with cars which they cannot move. Some easing of production schedules Is therefore to be expected. Motor trucks have had one of the best half years in history, and the vol ume of sales is calculated to carry the total for the vear above that of any other twelvemonth, despite any Sum’ mer slump. May production broke all records. Accessory Sales Heavy. Automobile accessory manufacturers have done the largest business of their history in late months, and this ac tivity promises to continue for three months at least. Demand for tires for original equipment and for re placements is very strong, and the plants are working at top speed Some check may be expected this month owing to the high cost of rub ber and the difficulty of getting spot supplies. Tire prices have been ad vanced, and further increases are to be expected. Certain sections of the textile trade have benefited materiaily from the ac- tvity in automobile and tire manufac ture, but the cotton mills are in a thing but a satisfactory position. The: are better placed than a year ago, how- ever, and their condition is on the up- grade. The number of epindles active has been high and efforts now are be- ing made to cut output. Cotton Outlook Good. The conditioh of the cotton crop as revealed by Government and private |reports indicates the possibility of an extremely large production. The crop has got off to a good start, but it ix vet entirely too early to determine what production will be. The fact that some cotton mills are working full time and returning profits would indi- cate that some of the depression in the industry is due to failure properly to gauge public taste and demand. ‘Wool Trade Looking Up. After a decided slump in world mar. kets, the wool trade is looking up. Many stocks of wool were withdrawn from the market when prices dropped and this, followed by increased mill buying, has restored price levels to rome extent and stabilized the market. The woolen cloth industry still is in a somewhat unsatisfactory condition, but statisticians expect the vear's con- |sumption to be fully up to normal. The silk trade, both natural and arti- ficial, has had a splendid half year. Rayon production has been at the highest known level and schedules probably will be maintained well through the third quarter. Raw Silk Prices Strong. Raw silk prices are strong and con- |sumption is very heavy. Silk goods producers report excellent earnings in the last five months and anticipate a fine demand for the third quarter. The printed silks have been the leading factor in this prosperity. The carpet and rug trade is on a firm basis at present, with dealers’ stocks low be- cause of the heavy Spring demand. Nearly $5,900,000 worth of rugs were sold at the May auctions of the Alex- ander Smith & Sons’ Carpet Co. The Blarney Stone. From the Kansas City Star. The famous stone by name of Blar- ney among the ruins of Blarney Cas- tle, Ireland, was supposed to possess the power of imparting persuasive, but not over-honest, eloquence to every one who kisses it. The village of Blarney is about 4 miles from Cork The castle, situated in the mldst of beautiful groves, was buflt in the fif- teenth century. Its walls are 18 feet thick. According to legend, the Blar- ney stone originally belonged to the inhabitants of Tyre and Carthage, to whom its miraculous powers were well known. Some Carthaginian ad- venturers, having carried away the stone to the island of Minorca by stealth, were afterward driven into Cork Hurbor. Thereupon they hid their treasure amid the “groves of Blarney,” whence it was removed for use in bullding the castle. Dean Onativia & Co. Stock Exchange Building NEW YORK Stocks & Bonds Cotton - Grain Coffee Sugar MEMBERS New York Stock Exchange Chicago Stock Exchange New York Curb Market Associa- tion N. ¥. Cotton Exchange Chicago Board of Trade N. Y. Produce Exchangs Minneapolis Chamber of merce ‘Washington Office Main Floor, Woodward Building Phone Main 2040 JOHN CALLAN O'LAUGHLIN Manager Com-