Evening Star Newspaper, June 17, 1925, Page 30

30" % F1 DAY SEES SHARP STOCK ADVANCES Over 20 New High Marks Reached—Lively Gains in Final Trading. BY Special Dispa NEW YORK, Market toda the me r several da WEST. June 17.—The Stock drifted along in much ner that it had for and the price tendency for the most part was upward. There were many specialty moves and a number of new high prices. Specu lative interests busy with their fa- vorites were having further success. Many New Highs Reached. Over 20 stocks made new high rec- ords. Among these were Robert Reis, American and Foreign Power regu. lar and 25 per cent paid, which gained 3 points apiece; Brooklyn-Manhattan Transit, hich was one of the prin- cipal features in the entire market: New York Railways preferred, Du- pont, where the incentive was the report of a stock dividend; American Type Founders, all three classes of Pierce Arrow stocks, American Tele- phone and Telegraph, New York Can ners, Newport News and Hampton Rail Gas and Electric; Atlantic, Gulf and West Indies: Mid-Continent preferred and Independent Ofl and The great strength in the last named was due to the highly favor- able earnings report. tock Irregular. The upward swing in the greater New York City tractions was in- fluenced azain by the belief that the political situation was more favorable to these compani O1l stocks did not move with any uniformity. Marland rose a point end General Asphalt nearly 2 points. Along with this went quite demonstration in Maracaibo Stocks like Texas Co. and Petroleum, which had been favored last week, continued to feel the effect of profit taki The rise in Colorado Fuel was seemingly due more to-the company’s oil possibilities than to the state of the steel busines Skelly Ofl was unusually active at highest prices reached so far on the present me There was a rumor that big oil interests were negotiating for the company. Rate Rumors Stir Rails. In the raflway section discussion continued regarding the outlook for increased rates in the Northw shares of these com and Northwe: preferred @ further s up Northern Pacific—had Southern Railway a point and sco. Merger the upturn orthern nee. more than Louis-San s responsible fo 1sh. mous Players appeared to have adjusted itself to the first unfavorable effect caused by the announcement the new stock issue. It ran up over 3 points. Other Market Changes. United States Realty and tan Electric Supply were stron a Beechnut Works gained nearly g advance was re: in Western Union on the po of something happening at the meet- ing of directors today. Goodrich gained more than 2 poins Savage Arm broke points and Jo for what was re, ket reasons, Italian Exchange Weak. The feature in the foreign exchange was the continued decline in Ttalian lire, which reached a new low The interestinz thing in this conne tion is that Italian paper currency should have zone on depreciating de- spite the recently granted American credit and despite the unusually large tourist -expenditures incident to the Holy s the same arded as purely ma Plerce-Arrow Prior Preferred Jumps 21 Points. YOR structive force. in toda larges selected list and specialtiy June were stock 17 () .~—Con- again work market being recorded public utilities, motors Among the standard issues coppers and Western e best showing. Total mated 1,100,000 shares closing was strong. Bullish itions were on an expandin, ter trading. Plerce-A rior preferred jumped 21 points, e preferred 3, United Cigar Stores American Express and West- NEW YORK-—Stocl Arrow prior prefei points. Bonds firm traction issues higher. Foreign ex- changes easy: Italian lira drops to new 1925 low. Cotton lower: Southern selling. Sugar European bi ing. Coffee higher, steadier; fan market CHICAGO—W hent able Red River Corn higher sing receipt Cattle high ipping demans broader. Hogs steady. s strong: red oil Pierce Jumps 21 and local : unfavor- crop report: YEAST SALES HEAVY. NEW YORK, June 17 (@) st Corporation, sul s Products Corporation, e in sales for every , with indication of a new high record for the second quar- for April of N YEAR'S EARNINGS GAIN. NEW YORK, June 17 (#).—The Public Service Corporation of New Jersey reports surplus of $8,004,918 arges for the vear ended May red with §5 the vear before. Surplus for May was $501,954, DIVIDENDS. Pe- . Rate. riod. llul lerof at Bank Aug. 1 Sept. 1 June 30 British-. Am oil June 20 Central Un. Trust Dixon (J, ue Empire Trust.. July June July 20 July 1 2 June June 19 June 25 June 25 June 25 July 16 July 10 July 1 Juiy 1 Sept. 30 Aug.1 June 20 June 30 June 17 June une 20 cHoo Fockoe 3 ““x‘)‘o' L i V7 mitle & ¥ Norihern Pacifi GOhio Riv Ed pf.’ Parke Davis & iph e Friged July 20 b2 kg REZRZocoNooc000T 000 g o the three | the | Liberty ANCIAL Open. High. Low. 71 1% 0% 10% 10% 10% . 101% 102% 100% 14% 14% 14 W 1% 1% 921 923 914 119% 119% 119% 81% B8l1% BI% 19% 19% 19 41% 41% 41% Abitibi Pow (4). Ahumada (1) Alr Reduc (4). Ajax Rubber Alaska Junea Allled Chem (4). Allied Cm p£(7). Allfs Chalm (6) . Am Agricul Chm. Am Beet Sug(4). Am Bosch. . 83% 35 33% Am Can (17).... 188% 189% 187% Am Car&Fdy (6) 105 104% AmChain A'(2). 28% 23% Am Chicle. 52% 524 Am Chicle ctfs.. 50 Am Chiclerts... % Am Draw (60c). . % Am Express (6). 134 Am&FT 25% (7). 135 Am & For Pow.. 45 Am& FPpf (7). 92 Am Hide & Ipf. . AmJee (7). Am Ice pf (6). . Am Internatl... Am La Fran (1). Am Linsd pf 3% Am Loco (+18).. Am Radlator (4) Am Republic.. .. Am Safety R (3). Am Ship & Com. Am S & Ref (6).. AmS &R pf (7). Am Stl Fdys (3). Am Sugar. Am Sumatra. . Am Tel&Tel (9). Am Tobacco (7). Am Toba B (7).. Am Tobac pf (8) Am Typ Fdrs(8) Am WW 211.20. A WWE&EIL pf(6). Am Woolen Am Wool pf (7) Am Writ Pap Df Am Zinc. < Am Zinc of. . Anaconda (3 Ann Arbor. Ann Arbor pe... Archer-Danlels. . Armour Dei (7). Armour T11 A(2). Art Metal (1) Asso Dry G(2 A Ofl (2).. Atchison (7) Atchison pf (3).. At] Birm & At Atlantie C L(48) Atl Gulf & W 1. At! Gulf & W1 pf At'antic Refing At'as Tack Austin-Nichols Raldwin L (7) Rald Loco pf(7) RBalto & Ohio(5). Ral & Oh pf (4) Bang & Ar (3) Barnsdall A BkI-Man Tran. .. Bk-Man T pf(6). Bkl Union G (4). Brown Shoe (4). Brown Sh pf (7). Brunswick (3.60) Burns Bro (10).. Bur Add Ma (3). Bush Terminal.. | Rush Ter de (7). Butte & Sup (1) 1do Ceatral. Cal Packing (8) | Cal Pete (1) alif Petrts. . if Pet pf (7). Ahan Zine Ariz $2.5 u & Hee (30¢) Pacifie (10) e Thresh pf Il‘-m Ieather. Cent Leather pt. { Century Rib (2). Cerod Pasco (4). | Certain-Teed(4) . Chander (3).... Ches & Ohio (4} . | Chi & Alton | Chi Great West. Chi Gr West pf | Chi Ml & StP. | Chi & Nw pf (7). | Chi Preu T (5). Chi R T & Pac {CRI&Ppf (1). | C StPM&ODL (5) | Chilas (12.40) ... | Chite Cop (2%2). Coca-Cola (7). Col Fuel & Iron. . Colo Southern. .. Col G &E (2.50). Col G & E pf (7). Com Inv (2.50) | Congolium (3). | Contey (sta). | Consol Cigar. { Con Cigar pf (7). Consol Distribut. Consol Gas (5). . { Consol Textile. . | Cont Can (4). Cont Insur (6) . Cont Mot (80¢) Corn Prod (2). Crucible StI (4). Cub Cane Su pf. Cub Am Sug (3). Suban Domin Cuban Dom pf .. . Cudahay Pk (7) Cushmans (2)... Cuyamel Fr (4). Deere&Co pf(5). Del L & Wn(17). Detroit Ed (8)... Dodge Bros (A). Dodge Bros pf. . Dome Mines (2) . Doug Pectin (1) . Dupont (10).... DuPont deb (6) . tman (§8). aton Axle (2 Elec Power ctfs. Etec Powr pf (1) El P&Lt 40% pd. El P&Lt full pd. Elec Str Bat (4). End-John (5) | Endicott pt (7) Erie RR Erfe 1st pf. Erie 2d pf Fairbks (2.60)... Famous P1 (8). Famous pf (8).. Federal Lt (°7). Federal Mines. Fed Min pf (7 Fisher Body (5). Fisk Rubber. Fisk 1st pf (4) . Flelschmann(4). Foundation (8).. Freeport-Texas. Gardner Motor Gen Asphalt. Gen Baking (6).. Gen Clgar (8). .. | Gen Eleotric(8) . Gen El spec 60c. . Gen Motors (6).. Gen Mot pf (7) Gen Petrm (2). Gen Ry Sig (6) | Ginter (1%). Glidden Co. Goodrich. Goodrich pt (7).. Goodyear pt (7). Granby Consol. . Grt North pf (5). Gt Nor Ore (1).. Greene Canan. Grt Wstn Su (8). Gt West S pt(7). Gulf States S(5). Hartman (23%).. Havana Elec (6). Hayes Whi (3). Hays W pf(1%). Hoe& Co A (4).. Household P (3). Houston Ol1. Howe Sound Co.. Hudson Mn 2%... 84 4% 86% 2% 6416 116 10% 354 66% 51% 29 4% 31 98% 79 54% 9% 143% 4 124% 23% 81% 144 20 6 176 100 107% 17% 35% 91% 109 110 64 67% 113% 28% 37 364 384, 103% 1134 32% 18 57 69% 19 104 83% 115 17% 10% 53% 147 891 289% 11% T6% 110% 6% 177 38 20% 53 99% 100% 15% 69% 27% 13 105 114% 81% 103 46% 36 1% 17% Hudson Mot (3). Hupp Mot (1)... Indep O11 (1) Ind Ofl rights. . Indian Motorcy Inspir Cop (50c) . Interb Rap Tr Int Bus Mac ( Intl Bus Ma rts. . Int Cement (4).. Internat Har(5). Int Mer Mar pf. Int Nickel. ... Int Paper. Int Paper pf (6). Int Tel & Tel (6) Jones Bros Tea. . Jones & Lau (7) . Jordan Mot (3). Kansas & Gulf. . KCP & L 1st (7). Kan City South. . Kayser (Jullus). Kelly-Spring. Kelly-Spring pf. Kelsey Whi (6) Kennecott (3) Keystone T & R. Lee Tire & Rub. . Lig & My B(14). Lima Loco (4). . Loews Inc (2) Loft...... Loose--Wiles. Lorillard (3;. Louistana Oil. .. Louls & Nsh(6). Ludlum (2)..... Mack Treks (6) . Mack T 1st (7).. Macy HR & Co. Magma C (75¢) . Mallison & Co Man EI Sup (4) ManEmd g (5). Man Elev gtd. .. Man Shirt (134). Manila Fl (23%). Maracalbo Ofl. ... Marland O(75¢) . Malin-Roek (1). . Martin-Pry (4). Mathleson Adka. faxwell(A)ctes Maxwell(B)etfs. Mexican Seabd. Miami Cop (1).. Mid-Continent. . Middle States. .. Midind Pr pf(8). Minn & St Louls. Min St P & SSM. M St P & SSM pf Mis Kan & Tex. . MK&Tpf (5).. Aissour! Pacl!fic. Missouri Pac pf. Mont Power (1). Montgom Ward. Moon Mot (3).. Mother Lode 75¢. Motor Wh11.60. . Mullins Body Nat Biscult (3).. Nat Cloak (4)... Nat Dalry (3). Nat D St 1st (7) Nat Distlilers. . . Nat Distillerspf. Nat Lead (8).... Nat Ry Mex 1st Nat Supply (3).. Nevada Copper. Nwpt U Gas (5). Nt N G&E pfi7). N Y Alr BrA(4). N Y Canners(2). N Y Central (7). H & Hart. ¥ On & Wn(1). " Rys part cfs. X Y State Rys ag F pf(1%) .. Norf & West(7). Norf & W pt (4). North Am (3.40). North Am pf(3). North Pac (5)... Otis Elevat (6) . Otis Steel. Owens Bot (3). Pacific Gas (8) .. Pacific Matl. Pacific O11 (3)... Packard (11.70) . Packard pf (7). Paige Mot(1.20). Pan-Amer (6). Pan-Amer B (6) . Panhandle B Park & Tilford. . Penick & Ford Pennsy R R (3). Penn Seab Steel. PeoplesGas (8). Peoples Gas rts Phla Co (4)..... Phila& RC&T.. Phillip Morris Phillips Pet (2). Plerce Arrow. Plerce Arrow pf. Plerce-A prior 8. Plerce Oll..... Pierce Petrol. ... Pitts Stl pf (7). Pitts Ut pf $1.20. Pitts U cfs 1.20. Pitts & West Va. Postum Cer (4).. Press Steel Car. . Prod & Refiners. Pro& Rpf(3%). Pub Se E&G pf 6. Pub Ser N J (5). Pub Serv NJ rts. Pullman Co (8). . Punta Al Su (5). Pure O11 (1%) Pure Ofl pf (8) .. Radio Corp of A. Radio C pf (3%). Ray Cons Cop... Reading (4)..... Reading 1st (2). Reading 2d (2).. Robert Reis. Rels Robt 15t pf. Remington Type Replogle Steel Rep Ir & Steel. ... Reynolds Sp (1). Rey Tob B (3)... Royal D (4.42%) St Joseph Ld(2). StL & San F(5). StL San F p£(6). St L Southwest. . Savage Arms. . | Schulte (°8). | Seaboard Air L... | Seabd Afr L pf. | Seagrave (1.20). Sears-Roebk (6) . Shattuck FG(2). Shell Un (1.40) .. Stmmons Co (2). Simms Pet (1) | Sinclair of1. Skelly O11. { Sloss-Sheft (6) South Port S (6 South Pac (6). .. | Southern Ry (5). South Ry pf (5). Spicer Mfg...... Spicer pf (8) Std Gas & E1(3) | Std G&EI pe(4) . Stand Mill (5)... St Ofl Calif (2).. StONNJ (1)... StO1l N J pf (7). Std Plate Glass. . Sterling Prod (4) . Stew-Warner(5) Studebaker (4).. | Submarine Boat. Bupesioroir. ymington...... Telautogph 26c. - Tennessee Cop. . Texas Co (3).... Tex Guif § (7%) Tex & Pac C& 0. Tex & Pacific. ... sTex Pac Ld Tr. Tide Wat Of1(4). Timken R B(t4). Tobac Prod (6). . Tob Prod A (7). Transcont Oil. .. Tnderwood (3).. Un Bag & Paper. Indian Refining. . Int Com Eng (2). Kinney G R (4).. Lehigh Val(31). Liggett & M(t4). MclIntype P (1).. Open. High. 63% 1% 40% 1% 17 9% 264% 27% 122 1% 68% 43% 108% 35 29% T0% 79% Man 15 114 42 % 104% 63 62 62 291 T4 93% 344 19% 111% 37 1% 180% 109 11 118% 154% 9 34% 2% 113 74 54 33 81% 33Y% 7% 4“ 51 80% | Union Ofl (1.80). . ¥ 63% 18 1% 1% 17 9% 26% 29% 122 1% 68% 44 109% 35 30 70% 9% 115 15%, 114 42 k) 104% 32% 31% 18% 69 92 51% 2% 844 14% 80t 63 62 62 29% 714 934 3% 201 111% 36% 17% 182% 108 88 41 28 54 45% 78 26% 46Y 29% 454 21% 287 B2Y% 114 15% 9 34% 21 113 204 374 49 82 83 46 59% 111% 324 42% 14 171% 64% 26% 142% 26% 22% 29% 87% T1% 100 96% 87% 20% 106% 52% 53 9% 61 45% 118 10% 64% 68 45% 8% 4% 16% 14 11% 53% 106% 17 49% 301 147% 41% 81 102 5% 44% 51% L] et ING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Close. 63% 63% 17% 18 39% 40% 1% 17 9% 26% 289 122 1% 68 44 109% 35 29% 68% 79% 114% 16% 114 39% k] 104% 32 3% 18% 69 92 51% 2% 83 14% 80 63 611 611 29% % 93% 122 1% 68 43% 108% 35 29% 68 79% 114% 15 114 39% k) 104% 32 31% 18% 67 92 50% 2% 83 14% 80 63 61% 61t 29% TV 98% 344 19% Y 343 17% 180 109 8714 4015 27% 51 44 78 26% 43% 28% 441 20% e 113% 11815 15% 9 34% 2% 1 274 374 b4 33 8174 334 ki 79% 531 33 6% 24% 15% 20% 78 4 21% 44% 1% 118% 1% 56% 4014 16% 45% 24% 71% 129 2% % 929 15 14% 70% 116 49 26% 44% 94% 68% % 136% 40% 30% 106 52% 49% 12% 864 39% 41% 23% 80% T4% 13% 5% 10 6 524 4T% 80% 83 46 57% 109 31% 42% 14 171 63% 25% 41% 24% 22% 28% 85% T1% 99% 956% 87 20% 105% 52 53 1T% 60% 44% 118 10% 64 67 45 8% 4% 4% 15% 16% 13 11% 52% 106 16% 48% 301 147% 41% 80% 102 5 11% 652 106% 16% 48% 301 147% 40% 9 101 4% 44 4“4 50% 50% % ¥ 8% | West Air Br (6). STAR, WASHINGTO TRAGTION AND OIL LIENS TAKE LEAD Industrial Group Only Mod- erately Active in To- day’s Market. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, June 17.—The demand for investment bonds showed improve- ment today over anything exhibited in a week past. Trading over the counter | was more active and prices were in most cases higher. Bonds in favor were fssues of the grade of Missourl, Kansas and Texas first 4s and Wabash 5%s and bonds of that type. The strictly savings bank grade of rails was comparatively quiet. Nor was there any noticeable advance in United States Government obligations. Traction Bonds Active. In the speculative list the New York City tractions maintained the lead, Brooklyn-Manhattan Transit 6s got up to 91 for a record high. Dealings in all the Interborough obligations were very heavy, and all made sub- stantial advances. The 6 per cent notes, which give the highest current return, fluctuated the most rapidly. The leader of the oil group was Skelly 6%s, at one time up 2 points. The bonds are convertible into capital stock at 25. Among the sugars Amer- ican Beet Sugar 6s made a new high at 102. Rail Group Leaders In raflroad bonds the feature the Chicago, Terre Haute and Soutl eastern issues. The refunding 5s got up to 99 on a single string of transactions and similarly the income bonds rose to 4, both quotations being new highs on this movement. Foreign bonds antici- }h(‘nh ovak offerings are pated in the near future. Among according to reports, are (zechos! obligation: New Offerings. 3 new issues included $3.- 000,000 Kansas City 44 per cent serial bonds to yield from, 3.90 to 3.95 per cent and $4,600,000 Central Illinois Public Service refunding 5%s to yield 5.60 per cent. RAILROAD EARNINGS EXPECTED TO GAIN May Income Seen to Be Ahead of Same Period Last Year. Far Special Dispatch to The Star BALTIMORE, June 17.—Statements of raflroad earnings for May, about due from local headquarters, are expected to show substantial gains both in gross and net compared with the cor- responding month a year ago. The carriers moved an average of 10 per cent more loaded cars than they did a vear azo. " Trafic handled by the Western Maryland Railway was exceptionally heavy last month. The system hauled 5,173, or 17.5 per cept more cars than it did in May, 1924. The Baltimore & Ohio moved 20,713, or 9 per cent more than it did a ¥ ago. The Pennsylvania handled 47.- 932, or 8 per cent more than it did last year. The Seaboard Air Line Railway. re- ports a gain in loaded cars handled last month of 5,906, or 10.4 per cent Opening of the Florida, Western and Northern contributed largely to the increased tonnage of the Seaboard. AMERICANS INVESTING HUGE SUMS ABROAD NEW YORK, June 17 (#).—Private investments of American capital abroad at the end of 1924 approximats $8,000,000,000 and the annual interest receivable thereon about $500,000,000, the National Industrial Conference board estimates. At the same time, total foreign capital invested in the United States was estimated at about $3,000,000.000, yielding annual profits and interest of $150,000,000, leaving a net balance of $350,000 receivable by the United States. 20-CENT EXTRA VOTED. NEW YORK, June 17 (#).—General Fireproofing Co. has declared an extra dividend of 20 cents a share on the common stock in addition to the reg- ular quarterly payment of 30 cents and $1.75 on the preferred. DIVIDEND DECLARED. BALTIMORE, June 17 (Special).— Directors of the Maryland Casuaity Co. have declared the regular quarter- ly dividend of $1.12% per share, pay- able on June 29. While no statement of earnings for the quarter was is- sued, it is understood that the com- pany has made an excellent showing during the last six months. Union Ofl (1.30). 39% Un Pacific (10).. 136% Un Pacific pf(4). 74% Un Tank Car(5). 125% Un Tk Car pf(7). 115 Utd Alloy Steel .. 26 Utd Clgar(13%). 72 Utd Fruit (10).. 213 Utd Ry Inves pf. 172 U S Cast Iron P.. 163 U S Distributing. 33% U 8 Hoff (2) 35 U S1nd Alcohol. 88% U S Realty (8).. 129 U S Rubber..... 47% U S Rub 1st (8).. 102% U S Steel (17) ... 116% U S Steel pf (7). 123% Universal Pipe.. 34 Univer P pf (7).. 74 Utah Copper (4). 90 Va-CaroChem... 4% Va-Caro Chetfs. 2 Va-Caro Ch pf... 16 . 119 14% 27% 66 47 16% 164% 62% 104% 54 .134 98% 13% 20 43% 1% 128% 105% 1% 22% 16 30 28% 69 4 19% 103% 136% 39% 26% 39% 137% 74% 126 115% 26 80% 213% 72 166% 33% 35 88% 131% 48 102% 17 124% 36% 76 90% 4% 2 15 119 14% 28% 66% 4T% 16% 158 64 104% 54 134 99 13% 20 43% 1% 133 106% 12 23 16 30% 28% 1% 4 19% 103% 136% 40% 26% 39% 137 74% 126 11'. 213% 72 164% 33% 35 88Y 130% 474 102% 116% 124 36% 76 90% 4% 2 14% 119 14% 28% 66% 4% 16% 158 63% 104% 54 134 99 13% 20 42% 91t 130% 106% 1% 28 16 30 28% 0% 4 19% 103% 136% 39% 26% 74 90 4% 2 14% 118% 14% 27% 66 47 16% 164% 62% 1043 b4 134 98% 13% 20 42% 91l 128% 105% 1% 22% 16 30 28% 69 4 19% 103% 134% 39w 26% Ward Baking A.. ‘Ward Baking B. . Ward Bak pf(7). Weber (4). .. West Pen (4) ‘West Pen pf (7). West Maryland. . ‘West Md 2d pf. Westn Pac (5a). . Wesn Pac pf(6a) West Union (7).. Westinghse (4).. Weston A (2) Wheel & L Brie.. Wheel & LEpf.. White Eagle (2). White Mot (4)... Wickwire ctfs. Willys-Overld. .. Willys-0d pf(7). Woolworth (3) Worthn Pump. .. Wright Aero(1). *0dd lot. {Partly extra. $Payable in preferred stock. Dividend rates as given in the above table oty o bty bl i, 2 Snermise noted.” extra ienad ane mot. 1neteden. 22 | Am Sug ref 6s. "Eell Tel Pa 5s. . | Con Coal Md 1st D. C, WEDNESDAY JU 17 1925, l N NEW YORK BONDS STOCK EXCHANGE I Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Bales are in $1,000.) ales. High. Low. Ciose. Lib3%s... 721012 10031 1012 Lib1st4%s 31 10221 10217 10219 Lib2d 43%s. 217 101 16 10111 10115 Lib3d 4%s. 92 10129 10126 10129 Lib 4th414s 663 102 29 102 25 102 29 US4s1944. 32 10312 1083 10312 US4%s’'52 96 1078 1072 1077 FOREIGN. Low. Close. 96 964 Jfi% 96 96 102% 985 9% 86Y; 9214 981 108 107% 4 109% 94% 854 834 98% 100% 103% 103 102 108% 108% 43% 100 91 95% 100% 4 1004 % 109% 10914 163% $ 110% 100% 1004 102 102 Argentine 65 w1 Argentine 6s A. Argentine 65 B. Argentine 7s Austria 7s. : Bank of Japan 6. Belgium 6s. Belgium 6% w 1. . Belgtum 7s w1 Belgium 7% Belgium 85 Berne 8s. . Bolivia 8s. Bordeaux 63 Brazil 7 Brazil 8s. Canada 55 1926. Canada 55 1952, Canada 5%s 1929 Chile 75 1943 Chile 851941 Chile 85 1946 Chinese Gov Ry bs. Christiania 8s. . Con Pow Japan 7s. Copenharen 534s. . Cuba 5¥%s. ... Czecho 85 1952 ct. Danish Munic 85 A. Danish Munic 8s B. Denmark 6s..... Denmark 8s. . DEI5%s Mch Dutch East I 65 '47 Dutch East I 6562 Ei Salvador 85 '48.. Finland s £ 65'45. . Finlands 7s. Framerican 7% French 7s. ench 7%s. French 8s. Ger El 6% 50 wi. rman 7s. . Gen Elec 7s Greek 7s. Haliti6s... Hungary 6% Japanese 4s. . Japanese 6158 Jergens U M 6547 vous 6. > xico 45 '04 asnt. Mexico 45’10 asntd Mexico 5s assented Montevideo B Netherlands 65 '54. Netherlands 65 '72. Norway 5%8 wl... Norway 6s 1943 . Norway 65 1944 Norway 65 195 Norway 8s. ... Orlent Dev deb 65 Paris-Ly’s-Med 6s. Paris-Ly’s-Med 7s Parls Orleans 7s. Peru 8s. Poland 65 *40 | Poland 8550 wi. .. Queensland 6s. Queensland 7s. .. .. Rio de Jan 85 1946. Rio de Jan 85 1947. Rio Gr Do Sul 8s. .. Sao Paulo City §s. . Sao Paulo State 8s. St of S Paulo rts. . Seine Dept cf 7s Serbs Crot Slo 8s. . weden 53s ct. weden 65. wiss 5% 1946, Swiss Confed 8s Tokio 5s....... Ud Kingm u%u"?, Ud Kingm 5 Ud Steam Copen 65 Truguay 8s. .. MISCELLANEOUS. Ajax Rubber 8s.... 2 101% 101% Am Agr Chem 5s... 12 102% 102% Am Agr Chem 7%s 20 108 102% Am Chain sf 65°33. 16 99 98% Am Cotton Oil 55.. 1 95% Am Repub deb 6s.. 4 Am Smit & R 1st 53 10 AmSmit&R6s.... 1 17 18 11 131 55 2 71 AmT & Teltrds. . AmT&Tecl trbs. AmT&Tsf5s... Am T & T deb 5%s AmT&Tcves.... 2 Am Writ Paper 6s. 47 Anaconda 1st 6s... 52 63 1004 { Anaconda cv db Ts. Andes 75 25% pd. Armour & Co 4148, Armour Del 5%s. . Assoclated Ol 6s. . Barnesdall s f 88 Beth Steel pm 5s. Beth Steel rf 55. . Beth Steel 53%s 53 Beth Steel s f 65 Bklyn Ed gen 5s. ... Brooklyn Union §s. Bush T Bldg 55 '60. Calif Pete 63%5 Cen Leth 6s "45 ctl Chile Copper 6s. . CinGE5%s'62... Col Gas & El §s sta. Commonwth P 6s o e Con G NY 5%s wi Consumers Pow 5 Cuban Am Sug 8s. Denver Gas bs Dery (DG) 7s. .. Det Edison 53 '40. . Det Edison ref 6: Dodge wi 6s... Donner Steel 7s. Du Pont de N 7% Duq L & P 5%s '49. Duquesne Light 6: Est Cuba Sug 734s. Empire G & F 7%s. Goodrich 6%s. Goodyear 8s 1821, Goodyear 8s 1941. Hershey 65 1942 alEronEnra-onbnoanStiacanbomnnBne @ o 113% | Hoe & Co 6% Humble O & R5%5 Iilinots Bell 1st 5. Tilinols Steel 4% Int Mer Marine 6s. Inter Paper 58 '47 Inter Paper 6s. ... KCP&Lt5sA'52 Kan G & EI 68 '52.. Kelly-Spring 8s... Keystone Tele 5 Lacl G ref 55 '34 Laclede G b%s 5 LTggett & Myrs 5s.” Liggett & Myrs 7s. Lorillard (P) 5s. . . Loulsv G & E 5s '52 Manati Sug sf 7%s Mid-Con 63%s, '40 Midvale Steel 6 Montana Pow. Nat Tube 1st 58 New Eng Tel 58 N Y Ed 5544 wi, N Y Eden 1st 6%s NYG EL H&P 4s... NYGEL H&P bs.. NY Tel4%s N Y Tel 63'49. North Am Ed és North Am Ed 6%s. Nor Ohlo T & L 6s. Nor States Pow bs. 2 Nor States Pow 6s. Otis Steel 7¥%s.... Otis Steel 8s. 4 Pacific Gas & El 5s. 13 Pac T& T 58'62... 13 Pan-Amer Pete 6s. 188 Puu-Amer Pete7s. 1 People’s Gas 5s. 1 Phila Co5%s’38... 12 PhilaCoref6sA.. 6 Phila& RAC&I6s 3 Plerce-Arrow 8s...101 Publig¢ Service 6: 25 Pub Serv Elec 11 PServGas5%s’s9 3 P ServGas5%s’'64 38 Punta Alegre 7: Rep Ir & Steel b: Sharon Stl H 8s. Stncialr Oil 6s Sinclair Ofl 6%s. Sinclair Oil 7s. = SinCOPL6: 101 ' Sin Pipe Line 55 | Skelly Of1 6%s South Bell Tel 55 So Por Rico Sug 7s. Southwest Bell b Tenn Elec Pow 6s. . Tide Wat O11 6%s. . Union Bag & P 6s. . United Drug 6s. U S Rub 1st rf bs U S Rubber 73;s. U S Steel s £ 55. Utah Pow & Lt 5s. . | Va-Car Chem 7s. | Vertientes Sug 7s.. Warner S West E Westn Union 6143, W Wilson & Co 15t 6s. Wilson & C cv 7% Youngstn S & T 65 Ann Arbor 4s. Atchison gen 48 Atlantic C L cl 45 Atlantic C L 1st 4s. B&O gold 4s. B&Ocviks. B & O ref 5s. B&O 1st5sct. B&OTfimpss.... B& O PLEWV 4s.. B&O Sw Div 55 efs Bklyn Manhat 6i Buff R & Pitt 4% Canad Pac deb 4s. . Car Clinch & O 5s. . Car Clinch & O 6s. . Centof Ga5%s.... Central Pacific 4s. . Ches & O cv 4%s. Ches & O gn 43s. Ches & O cv 5s. Chi & Alton 3%a. . Chi B & Q 1st rf 55. & QTN 3Ys e Puget Sd 4s c St P 45 '25. . Chi Rys 5s. . S ChiRT&P gn 4s. . ChiR1& Prf 4s ChiITH&SESs... Chi & W Ind cn 4s. C&WIG%s'62... CCC & St L. 43 3{CCC& St L 5s CCC&StLrf6sA. Clev Term 5s : C &S 1st 4 Colo & Sou 4 Cuba RR 5s... Cuba R R T3s Del Hud cv Del & Hud 5 Den & Rio G on 45 D & Rio G imp 5 n& Rio G W. ie 1t cons 4s ie gen ds. ... ie conv 4s A fe & Jersey bs Gr Trunk Grand Tru Great North 515 Gr North gen Ts. . Gr 111 Central 51 111 C-C St L&N | Int Rap Tran 5s Int Rap Tr 5s stpd. Int Rap Tran 6: Int Rap T Towa Cent rf 4s. . Iowa Cent 1st 5s Kan City Ft S 4s. ity Term 4s. ke Shore 4 * Lehigh Val 5s 2 Louis & N uni 4s Louis & N B. Louis & Nash . A Ry cn 4s M&StL1 IMstP& .ll K & Tlstds. MK&T4sz MK & Tadj 53 “l\l&T]l’lnaSA Ao Pacific gen I! . Mo-Pac 55 1926. . 1o Pac bs 19 10 Pacine 65 ac 6s cfs 3 Ry 4557 Or Terwn 4s. A\OTex& M in as NOTex&M5sB.. NOT&M5%s. N Y Cen gen 3%s N Y Cent deb 4s N Y Centribs. N Y Cent deb 6s N Y Cent LS cl 3%s NYC&St Ldb4s. NY Chi & St L 5%s NYC&StLé6sA.. New Hav d 4s'57. New Huven cd 65 NY Ont W 1st 4s... N Y Ry rf 4s ctfs New York Ry aj 5s N Y Rye adj 5s ct. NY Ry 65 65. N Y State Ry 4%s. NY W & Bos 4%s Northern Pac 3s. Northern Pac 4s. { Northern Pac 55 D. Northern Pacr16s Ore-Wash 15t rf 45 Sennsyl gen 4% Pennsyl gen 5. . Pennsyl 5864 Pennsyl 6%s. | Pennsyl gold 7 Pere Marq 1st 5s. Reading gen 4%s Rio G West 1st 4s. RIATk & L 4%s. ‘SlLlM&Sds g St L IM&S R&G 4s. StL&SFplisA. St P & KOSnL 4%s San A & Arn P 4s.. Seab’d A L 4s sta Seab d A L ref 4s. Seab'd A Ladj 5s. Seab’d A L con 68 Sou Pacific 4s "29 Sou Pacific cit 4s. . Sou Pacific ref 48 Southern Ry gn 4s. Sou Ry Mobile 4s Term Asso St L 4s. Third Averef 4s... Tol St L & W 4s. Union Pac 1st 4s. Union Pac 4s '27. Un Pac 1strf 5s. Union Pac cv 6s. Virginia Ry 1st 6s. Wabash 53%s'75. Western Md 4s. Western Pacific 5s. Wheel & L E cn 4 Whel& LErf 4%s Wilkes B&E 1st 55. Wisconsin Cent 4 Southern Ry 1st 5s. Southern Ry 6s cf.. Sales. High. Low. Close. 46 . 350 24 87 120% 101% 106 10i% 103% 103% 97 103% 89% 106% 105% 977% 9648 92 94 100% 110% 107% 102% 99% 68 100% RAILROADS. 3% 91% 8914 9344 90% 94% 91%4 6 103% 133 205 con 48°32. 15 23 18 10 12 60 9 84 71 13 Texas & Pac 1st 5s. | Third Ave adj 5s. .. Union Pac 1st f 4. West Shore 1st 4s. . 103% 103% 88 87 118% 101% 106% 101 1084 103% 97 103% 89 1064 105% 97% 96 91% 94 100% 110% 107 102 99 67% 99% 78% 9114 887 93% 90% 9414 914 103% 103% 103% 88 9814 9044 87 8016 101% 107% 102% 894 97%4 924 105% 52 102% 854 75% 65% 48% 49% 481y 87 120% 101% 105% 101 103% 103% 97 103% 89 106% 105% 9T% 96% 92 94 100% 110% 107% 102% 994 68 99% 73% 91 88% 93% 90% 94 91% 103% 103% 103% 88 98% 9074 874 8k 101% 107% 102% 89% 97% 921 95 65% 100 90 102 FINANCIAL | Du Pont “Melon” Now Predicted In Wall Street By the Associated Press. NEW YORK, June 17.—A pro- posed increase in the authorized common stock of I. du Pont de Nemours & Company from $100,- 000,000 to $150,000,000, which will be acted upon by shareholders at a specfal meeting tomorrow, is ex- pected fn Wall Street to be fol- lowed by distribution of part of the Initial stock in the form of a dividend on the common, which in some quarters is placed at 25 per cent. The outstanding common now totals $95,060,900 and the pre- ferred $68,416,163. Surplus at_the close of 1924 aggregated = $35,- 881,400. WHEAT TURNS UP AFTER DAY DROP New Hot Wave and News From Liverpool Cause Upward Swing. By the Associated Press. CHICAGO, June 17.—Wheat scored a sharp early advance today in- fluenced by an unexpected upturn in quotations at Liverpool and by in- dications that a hot wave was spread- ing northward. Buying was also stimulated by the fact that the mar- ket had been declining for nine suc cessive days, and that values had fallen more than 20 cents a bushel within a week. On today’s profittaking sales quickly broadened out and a material reaction from top figures ensued, but the effect was only transient. The opening, 1 cent to 4% higher, July 1.51 to 1.53 and September 1.49% to 150%, was followed by rapid changes in which July touched 1.53%; and September 1.51%. Despite rains benefiting the corn crop, corn and oats ascended with wheat. Opening at % to 27 advanc September 1.10 to 1.11, lhe corn mar- ket climbed a little more then re ceded somewhat. Oats started at 1 to 3 cents gain, September 49% to 51%. Later a part of the gain was wiped out. Provisions were easler in the ab- | sence of any agressive demand. Subsequently reports of black ru in North Dakota, together with re duced estimates of the probable vield of Winter wheat in the country as a whole led to swift additional upturns in price. July rose to $1.56%, but afterward reacted somewhat. The close was unsettled 5% to 6 cents net higher. VHEAT— Open September December CORN— July September December OATS— j July September December RYE— July ... September December GRAIN AND PROVISIONS. BALTIMORE, June 17 Potatoes, per 100 pounds, new potatoes, bbl., 1.75a4.50. gus, 1.00a3.00; beans, bushel, 1 beets, 100, 2 00; cahbage, 100, 3.00z cucumbers crate, 50; spring or bushel, 1.00a 1.50a3.50; radishes, crate, 1.0021.50; ad 3.5024.00; Grapefru strawberrie: pound, 4al0: quart, 25a30; oranges. 6.5028.50; pineapples, crate, 3.00a4.0: peaches, crate, 2.00a4.00; blackberries, quart, 10a18; cantaloupes, crate, 1.50a 4.00; watermelons, each 50a85. Selling Prices at Noon. Wheat—No. 1 red Winter, spot, ex- port, no quotation: red Winter, (Sp 1.00a1 , 1.00a1.50; crate, squash, s, crate, ter, garlicky, domestic, 1.7314; No. 3 101% | red Winter, no quotations. 64 844 97% 9% 101% 79% 94% 102 i 108% 66% 61% 863 96% 106% 84 93% 4 1023 94% 9T% 87 9% 80% 104 106% 87 85% 102 58% 434 87% 94 87% 9935 107% 104 100% 97% 6634 95% 84% T6% 5% 66% 9% obtained through them. 98% 110% 107% 100 95 865 88% 95% 89% 7% 92 99% 90% 88% 894 86% 84ty T84 1% 80% 94 9% 87 911 80 108% 106% 87 85% 102 58% 43% 87% 934 87% 994 107% 103% 81 974 87 91% 80 103% 106% 87 854 102 58% 43% 87% 93% 87% 99% 107% 103% ma,« -100% 65% 95% 844 76% T4% 66% 9% e e i 97 66% 95% 844 T9% T5% 66% 9% It pays to read the want columns of The Star. Hundreds of situations are ‘lare ample. [ Receipts, 18,000 head; very slow:; !\\elght slaughter pigs, Sales—None. Corn—Cob, new, yellow, spot, » nominal, per barrel; track 3 ©0. 2, 1.28a1.29 bushel. 'R'»e—\earh\ 1.00a1.10; spot, no_quotation. Hay—Receipts, 3 tons. What little demand prevails for hay is centered entirely on the top grades of timothy and choice light clover mixed, which sort there is no oversuppl Generally speaking, however, Low-grade and inferior hay is hard to move even at its rela- tive value. = Quotations today: No. 2 timothy, 17.50a18.00; No. 3 timothy, 14.50a16.00: No. 1 light clover, mixed, 16.50a17.00: No. 1 clover, mixed, 15.50216.00; No. 2 clover, mixed, 13.50a14.00. Stra: . 1 wheat, 14.00a14.50 ton; No. 1 oat, 15.50a16.00; straight rye, 18.50a19.00. CHICAGO LIVE STOCK MARKET CHICAGO, June 17 (United States Department of Agriculture).—Hogs— de- sirable grades opened steady to 10 higher than Tuesday's average; mostly to shippers and yard traders. underweights, 150 pounds, down 25 lower; packers talking lower; bulk early sales of good and choice 235 to 325 pound butchers, 12 top, 13.00; bulk, sorte pound weight, 12.50a1. pound kind largely 12.00a12 per No. 1 “210 140 to 150 ; strong- 11.75 down; bulk packing sows, 11.50a11.90; heav: weight hogs, 12.45a13.00; medium, 12.40212.95; light, 11.80a13.85; light light, 11.25a12.6: packing hogs, smooth, 11.70a12.00; packing rough, 11.40a11.70; slaughter 10.50a11.75. Cattle—Receipts, 8,000 head; fed| steers and yearlings more activ strong to 25 higher: mostly 10 to 25 up; killifig quelity improved; shipping demand broader: early top vearlings, Nebraskas, 11.65, several loads mal ing that price; mixed steers and heifers upward to 11.50; active de- mand for youngsters: numerous lots, 10.50a11.25; some long yearlings held pigs. ;| ) | 1.00 | foma- T supplies | cial hogs, | dent. C. STORAGE COMPANY ELECTS FOR YEAR Merchants’ Transfer Also Declares $5 Semi-Annual Dividend—Other Notes. BY CHAS. P. SHAEFFER. The existing officfal and directing personnel, the latter supplemented by John Poole, president of the Federal- American National Bank, will rule the operations of the Merchants’ Trans. fer and during the en suing year. This was determined by the annual meeting held late yvester- day. Following the organization meeting directors voted the regular semi-an nual dividend of $5 a share, payable on July 1 to stockholders of record June 25. This rate, which is equiva lent to 10 per cent per annum, has been maintained for several yvears on the $750,000 capital of the company. The * stocl on the local ex change, ha par value of $100, but is highly inactive, due to close hold ings, only 12 shares having been sold during 1925 to date. These brought $120. John L. Newbold was elec U—rl presi dent of the company e year, with Ben L. Prince vice B. Buck was renamed s ry and treasure with David mith as h assistant. The di torate includes John L. Newbold, L. Prince, C. B. Buecl W Leon Tobriner, William John Eynon J. Thomas Dunlop, Albert E. F Alexander Britton d John Po Railway Common Higher. Last transactions in Railway mon stock before the publ learn hit percent e of poun e fund will the a divid price of the issue fr to 1247 on sale exchange th the company meeting thi to discuss which a The loc strength way pr Com. holders the im rue to them in 'd carried the ionally upward of 40 shares on the orning. Directors of holdin, ernoon exhib fe was attributed to opened on_sale and 83 "W x\)\m:‘nn stron t 60, as did tion, to the extent of nd 987 though firm. k Permit Sought rthern Railroad today 1 from the Interstate to isue 2 = = 1 be sold at p const invill level ranches anch line for the stock is around 2 over icontrel ofihs Galt Raliroad of Texas for all Fe holds apital £ of the latter co bonded indebte pany New Plans. of Institutes Plans for a tivity by the loca Institute of unusual ac American took definite >uncement mitte of particul {The ¥ tember ell into Ma ith of the >. Henze of to head the and Harold will ad ctions chair ittee, and same in ed to head the ne Krieg esentative, is group. announced s comprised of Jesse Chaney, T ph T. Yerkes, W. Sherman, Henze, Harold 1 Calvo. Lois A K Hibbs has memberst W. Burn minister_for rge W. Ire of the publ “lorence M. Wille stitution house committec Cha R y President the followin; Hunton _Leith, 5 Garrett Van Hoesen Imer O'Hara, W. Burn: White, F Irelan’ and Catherine STOCK RIGHTS GIVEN NEW YORK, June 17 (#).—Holders of common s f Famous Players Lasky Corporation of record July 8 will have the right to subscribe for one share of additional common stock at $90 a share for each two shares now held. Rights expire July 24 MERGER VOTE JUNE 29. NEW YORK. June 17 (). —A spe- meeting of stockholders of the puthern Power and Light Co. has been called for June 29, in Baltimore, when a proposal to merge with the Electric Power and Light Corporation will he votea upon. $15,000,000 BRIDGE STARTED. v ORLEANS, June 17 (Special). on the new bridge over the ppi River to be built by the Public Belt Railroad, and which will cost approximateiy $15,000,000 was be- gun this week WILL CALL IN BONDS. NEW YORK, June 17 (P).—The Dunlop Tire and Rubber Corporation of America shortly will call for re- demption its entire issue of first mort- gage 7 per cent collaterial trust sink- ing fund gold bonds at 105 and inter- COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, June 17.—New frult crops are doing well, to Federal officials. A fair s expected and peaches Wil 5 per cent of normal CHICAGO, June holdings of creamery butter increas- ed from 3,739,000 pounds to 12,863,- 000 during the last month. American cheese, cold storage holdings, are 29,471,000 peunds compared with 26,- England accarding pple crop average —Cold storage around 11.75; best welghty steers, 147,000 a month ago. 11.25; some averaging around 1,600 pounds, 11.00; numerous sales of light and medium weight steers, 11.00 up- ward; grain fed cows and heifers firm to higher; mostly 10 to 15 up; fancy kinds low; steady; little change in_ bulls; practical bolognas, 5.25; beefy kind, 5.40 and better; vealers active, 25 up, medium top on heavy, FORT WORTH, June 17.—Steer sales were brisk in Texas in the list week with a transfer of 60 head at $100 each topping the list. DENVER, June 17.—The Great Western Sugar Co. will build two new factories at once in Colorado, as a result of the President's determina- to good light kind showing most ad- | tion not to reduce the tariff on Cuban vance; bulk to packers, 9.00a9.50; out- siders upward to 10.00 and better. Sheep—Receipts, 12,000; fat lamb: strong to 25 higher; sorts considere: choice Idahos, 16.15; bulk desirable sugar. SHREVEPORT, June 17.—Daily average oil production in Loulsiana and Arkansas the last week de- natives, 15.50a15.75; best native held | higher; fat sheep active; handyweight fat ewes strong to 25 higher; odd lots of desirable native |to 360,020 daily, ewes, 6.75a1.00, clined 68,706 barrels to a total of light and |421,370. The drop was occasioned by the falling off in the Smackover fleld although 42 naw wells weie completed. b