Evening Star Newspaper, June 20, 1925, Page 12

* FEINANCIALL STOCKS GOHIGHER | ! Received by Priva Ahumada ($1).. Air Reduc (4) Ajax Rubber. ... Allfed Chem (4) . Trade News. Easy Money and| {)ied Chen . 1 AmAgrieulChm U. S. Bond Moves Give | \maxcmar . Market Strength. IN BRIEF TRADING ... Am Beet Sug(4) | Am Bosch. Am Cun oty Am Car&Fdy (6) Am Drug (60c). . Be the NEW Associated Presa YORK. June 20 ding for Sinclair Oil shs hy the Teapot Dome decision. tinued at the opening of today’s stock [AM La Fran (1). market, lifting prices of the ofl issues|Am Linsd nf 31, and imparting « generally firmer tone | A™ Loco (#18).. of trading. Copper and sugar Am Metal (3). . gave good exhibitions of Am Safety R (3) sirength. Several of the low priced Com. rails advanced, but Grea: Northern (8) preferred lost a poim e Livels bid. | Am & For Pow .. inspired | Am & F P pf (7). con- | Am Internaz). ... {Am Sugar.... ... | Am Sugar nf (7). | Am Teremer (9). Am Tohaecco Am Trading Covers Wide Range With the main body of s fng under the direction of professinnal ) ators no nated in the character ecompared with recent market maintained throughout the the demand embracir press, chemical. sugs moter and auto sccessory shs which gains of one to two poinis were registered in the first half hou Rail stocks were quiet, a strength shown by « few se Armo) dend pavers. such as Adant kn Cons Line. Activity continued una Asso Ofl (2) . the oils. althouzh Sinclur er Atchison (7). ... one profit taking which followed Atchison pf (5).. initial upswing. n_excha AtIBirm &AL ... opened steady, with sterlin Atlantlc OTi(2) Al $1.85% At Gulf & 2 |AtGurs Better Buying in ntlc Reft for an extended period RidTnco pE s reflected in hizher 1o & Ohio(3) States Gove 1& O nf (1) sinued ponl PBfL stock prices mode Burinz of railroad st b the as City Souther: venort earnings for that ctivity in Western c: tone | Am WW& vith | Am Woo'en Am Waoo! nf (7 Am Zine o* Anaconda (3) Archer-Danfeis Arch-Dan pf (7 Armour De! (7 Armour Il A(2 early Rails. month. | Eeth St1pf ¢ iers based | Briggs Mfg (3 winz hope for an upward revi-| Bkl-Man T'ran sion of freight rates. Omaha prefer- | Bk-Man 't pf(6). red jumped 4 points upon expirat Brown Shoe (4). of the time limit for Brunswick (2.60) Chicago and } Burns Bro (10).. Motor and | Burns BrB (2) nnder the leac Burns Br pf (1) 1are. wh Bush Ter de (7). on the current move. althous utte Con (50¢) Arrow prior preferred s Bulte & Sup (1) standing weak spot, breukin tteric! 15 points. Reports of by the packing comnanie hy and Armour of Delawar 19 1825 hizh leve fiem. Sales anproxima shares . stocks adv ) of Gener: d 78 for wddo Centra Cal Packinz (8) ‘al Pete (1 Calif Pet vt { Canf et pf (7) | Canahan Zine | Calu & Ariz$2 | Calu & Hee (50c) | Cent Lextuer pt I Cerod P, 0 (4) Certain-Teed(4) 4| Ches & Ohio (4 Chi & Alton Chi & Alton pf Chi Great West Chi Gr We«t pf | Chi Mit & Stb.. © 1 Chi MII&StE pf 1 Chi% Nwn (4) | Chi Pneu T (5) {ChiRT& 1ar lcrR1&vof (6) JChiStP M & O C 8ty + Chi'e Co “oce-Cola (7) Col Fue! & Tron athern NEW YORK public utilities Treasury 41 exehan reks, firm advanc record irregular; covery ‘otton. hic drought Southwest, Coffee, holiday. ROAD’S EARNINGS LARGER Lehigh Valley Has Good 1923 Pro=- pecte, President Sa: NEW YORK. Tune 20 (#), Toek for the Lehizh Valley Tailroad | Col G & ery good and net earninzs for|(o!Carbon (4 will show 4 =ubstantial increase | Congolium (3) last vear. I3 B. Loomis. vre said today on his departure for pe. “The tuation in the hwest is zood and 1 exn 11 husiness to he betier than st $ he added. “The anthr Trusiness js satisfactory but the bituminou business is very poor . WOOL PRICES CLIMB. Ends Week Demand. nued hotiday. | The out Consoi Cizgar 1 Conso! Distrib Consol Gas (5) “ane Su Cub Cane Su pf.. Cub Am Sug (3 Cuban Domin Boston Market Cuban Dom pf With | Larger ! ON. Juve 20.—Dome wools continued in zood dxy with prices 1 ctin have not reached a level yet, however ehich w t dealers in pa ing more th nts fe Ohio wool, the dualors conte combing feces 1 o sellir 1o a7 half blood Forcizn auie RATES ON BAR SILVER. LONDON. June =0 ().t 31 13-16 per ounce. Money, cent. Discount rates. short bills 4 316 per cent: three-month 4 716 per cent. NEW YORK. June 20 687, Mexican dol Davison C Del L& | Detroi Doz Dodze Bros uf Doive Mines « Dupont (10) )5y wools astman (i8) ton Axle (2).. c Vower cifv. owr pf (7) Pl P&LL40% pa Llec Str Bat (4. ind-Jehn (3) 1%a | Brie 1st pf DTS, | gairbies (2.60) | Famous BT (8) | Famous pf (8) Famous Plrsris. e Federal Lt (*7). ! Ked Min pf (7) ITALIAN LIRE | 11d Phoeni (8) NEW YORK. June =0 isher ody (5) Prench . ved t | Iis] bher he other e 1 Kk 1st pf (4) Tratian feature in the Bar silver BV lire Flefschnann(4) | Foundation (%) . s removed Kreeport-Texas etagocovar Gurdner Motor n Asphalt . n Asph pf Gen Baking (6).. Poultry . | Gen Electric(8). broilers, | Gen Motors (6).. duck s, | Gen Petrm (2 n Ry Sig (6) . rter (1%) RULING ON LEAD STOCK. o Dot | Gold Dust NEW YORK. June 20 (#).— The| Goodrich. .. .. . committee on ities of the Ne oS e I » has ruled tha Grt North pf (5) | Gt Mor Ore (1) . Joseph Tead cap-|StNorOre ¢1) wk next Monday shall be quoted | Grt Wstn Su (8). per cent dividend and | Greene Canan. .. Gui : Nor e 50 it icanh alvidend, Wwhich are | oM Mok both pavable tod LIVE POULTRY LOWER. CHICAGO. Ju " ) alive. lower: fowis. 211,237 Gulf States S(d) . . Hartman ) | Havana Illec (6). EARNS $3 PER SHARE. ;::.w es“\yh_!': 555 ays W pr(s TR O ket 0| Household P (3). B oTihe sheet &|jjouston OF1 ... Tube Co. for quarter are | Howe Sound o estimated to be ecquivalent 1o $3 | Fudson Mn 23 . . sing the total for the Arst | udson Mot (3). sha { Hupp Mot (1) L Indep Of1 (1) . iInd Otl rights. Indian Motorey . . vears | lndlun Refining. June Youn the seco Cement Secret Long Lost. Among the “lost arts” for was that of making cement such as is | Internat Agr! used by stone masons. The Romans| Int Bus Mac (8). had the secrel originally. and their Int Cement (4) . product has withstood time for more | Int Com Eng (2). than . Tt was not until| Inter Har pf after the American Revolution, how-| Int Mer Marine ever, that ntists succeeded | Int Mer Mar pf fn maki e worthy of com-| Int Nickel. parison with that made by the!l Paper . Romans. Modern cement is now Int Shoe (5) . to he even sironger than the ori Int Te! & Tel (§) Roman mate 1 The Roman Were master stone masons the use of cemen Tewel Tew Jones Bros 'V Jordan Mot ( — . Many Untouchables in India. It is estimated that there are now 50,000,000 Hindus in India who are known as ‘“‘untouchables” and Ma- hatma Gandhi's efforts have been re- sponsible for improving the condition of these miserable persons principally through getting the state police com- missioners to remove the road bar- riers against them. The main roads have for vears been closed to these “untouchables” because their presence on the public highway was considered te be a “defilement. Kan City South. . Kayser (Julius). Kelly-Spring. Kelly-Spring pf. iKennecott (3). .. Weystone T & R. Kresge Dep S(4) Lee Tire & Rub. . Lehigh Val(3%). Lig & My B(#4). Loews Inc (2) Tioft: s Lorillard (3). Open 694 % | A Exvress (6). 1 188 4% 30 1 1194 THE EVENING STAR, WASHINGTON, ! | NEW YORK STOCK EXCHANGE Wire Direct to The Star Office 69% | Louisiana Of1 10% | Ludlum (2) 102 | Mack Treks (8) Magma C (7ac) Malllson & Co anati () Man K Sun 41 Man Shire (172). Market Street Market St prior Marland O - Malin-Rock- (1) Maxwell(A)ctrs. Maxwell(B)etf: Miamli Cop (1).. Mid-Continent. . Midd'e States M 8t P & SSM pf. 3is Kan & Tex. . Missonr] Paclfic. Missourl Pae nf. Mont Power (4). Montgom Ward, Moen Mot (3) ... Mothar Lode Motor Whi 1.60 Nash Mot (i11) at Biscult (3) at Cloak (4). Nat Dairy (3).. Y Air Br () Y Canners(2). N Y Central (7). NY C&StL(§). NY NH & Hart.. & Wn(1). Y State Rys Niag Fls Pw (2). Niag I pf(13;) Ntag Lock pf. Novth Am pf(3). *th Pac (5) Oweins Bot (3 Pacific 01 « Pere M prior( Pha Co (4).. Phla & RC& | Phillips Pet (2 Plerce Arrow Pierce Arrow p Plerce-A urior 8. Plerce Ofl.... Pierce Ol pf.. .. Pierce Petrol Pitts Coal pf(6) Pitts Ut pf $1.20. Pullman Co (8) .. Punta AlSu (5). Pure Ol (1%) Radio’Corp of A. Tiay Cons Cop Reading (4)..... Reading 2d (2). Robert Rei Reminzton Type Replozle Steel Reynolds Sp (1). Rey Tob B (3). .. Royal D (4.42 StJoseph Ld(2). StL&SanF(5). Suvage Arms. hulte (*8). Seaboard Air L. . Seabd Air L pf.. Seagrave (1.20). Sears-Itoebk (6). Shell Trad(2.06). Shell Un (1.40) Simmons Co (). Simms Pet (1).. Sinc'air Ofl. | Sinclair pf (8), Skelly Ofl. ... South Port S (8). South Pac (6) Southern Ry (5). South Ry pf (5). Spear & Co. Spear&Co pf (7). Spicer Mfg. Std Gas & E1(3). Stand Mill (5). St Ol Calif (2). StONNJT () StOIl N .Jpf (7). Steriing Prod(4). Stew-Warner(5) Studebaker (4) Submarine Boat Superior O Symington. . ymington A(2). Telautozph 2ic. . ‘Tennessee Cor Texas Co (3).. Tex Gulf S (73%) Tex & Pac C& O. Tide Wat O1l(4). Timken R B(f4). Tobac Prod (). . 'ob Prod A (7).. ‘Transcont Of1. Twin City (4).. Un Bag & Paper. Unlon Oil (1.80). Union Ol (1.30) . Un Pacific (10). . Un Pacific pt(4). Utd Alloy Steel Utd Clgar(314). United Droz (6). UtdDrug 1st 5 Utd Fruit (10).. Utd Ry Invest. .. Utd Ry Inves pf. U S Castlron P.. U S Hoft (2)..... U S Ind Alcohol. U 8 Realty (8).. U S Rubber... U S Rub 1st (8).. U S Smelting(3). USSmpf (31%). U S Steel (17). Universal Pipe Utah Copper (4 Va-Caro Ch pf. Va Ry & Power Vivadou. .. Wabash. 3 | Wabash pf A(5). ‘Ward Baking B. . | ward Bak pf(7) Warren 15t pf(3) Weber (4) .. MW PaPow pf(7). West Maryiland. . West Md 2d pf . { Westn Pac (52) West Unlon (7). Westinghse (4).. | Wheel & L Erfe. . White Eag'e (2). White Mot (4)... Wickwire ctfs Wiilys-Overld. .. Willys-0d pf (7). ‘Woolworth (3) Worthn Pump. .. Wright Aero(1). | wrigley (1332) 13| Yellow C (2.62). 337 | *0dd lot. 2915 | _ tPartly extra, 150 | \atest quarter] 16 | | Coless oiherw fividends are not included. WILL INCREASE STOCK. : NEW YORK, 3% 30% | holders of the International Cement ‘which the Indiana Portland Cement proper- 21 | ties, have approved an increase in- the 184 | Corporation, sshl g bl 1Payable in prefecred stoel 67 | Dividend rates as given in the above tal | are the annusl cash payments based on the Open. 1 1ow. Close. | 19% 19% 184 18% | S4% 85 35 180 180 1787 | a1 A% 41N | 7Y o 27 o 58 21 114 118 9% 34 i 118 48'5 79 441, 95 68 1001 140 n 35 875 1287 128'5 AT AT 102% 1021% 36% 44% 116% 35% 9315 3% 4% 9 119 5 14% 29 66% 6213 105 45 39 29% 28% 28% 50 50 50 39 40 39 39% June UP),—Stock- recently bought | ernme | having Leen practicaly elini jweek ago: Fed steers and 1a13.25; top, 1 35% | authorized common stock from 400,000 11%[ to 600,000 shares, and the preferred from 50,000 shares to 150,000, YARKN MILLS TO CURTAIL. GASTONIA, N. C.. June 20 (Spe- cialj,—Twelve varn mills here will go on a part-time schedule next week. 1. BONDS AGAIN REACH NEW TOPS Practically Al Issues Join in Advance—Foreign Group Is Heavy. BY GEORGE T. HUGHES Spocial Dispatch to The Sta.. NEW YORK, June 20.-Record prices were paid for United States Government bonds again today. This was all the more remarkable because it followed the demonst; on of Fri- day, when new high points were made by practically all the active issues. The one that lagged behind the day before. the Treasury 41;s, was taken up foday and made a new high for all time. The Treasury the fourth 41 Liberties and the second 4%s duplicated their previous h Banks Heaviest Buyers. Al this was the vesult of the huy ng by banks and instifutions. which now monopolize the market for Gov t bonds, the individual investor ted. were irregular. ues wel mostly Speculative bonds Convertible . oil is lower, Sinclair 6s zolng down over a point and Skelly G35 sustaining a smaller loss. Copper bonds were firm and some of the tractions strong, Brooklyn-Manhattan Transit 6s belng the leaders. Sugar bonds were steady. Among motor obligations Plerce-Arrow 85 were higher. Foreign Bonds Heavy. Foreign bonds were heavi. Some of the Krench fssies were lower, the Paris. Lyons and Mediterranean bs and French 7'z wmong them. In the South American st sold below 96. 1t was announced 1oday tiations between the bankers and the City of $15.000.000 loan reach an early that nego New Yorl Berlin for a were expecied 1 conclusion Sinclair Bonds Quiet Down. W YORK. June 20 (). The ad vance in Sinclair ofl bonds, which be gan vesterday following news that the Teapot Dome lease had been upheld. was extended at the opening of to day’'s market, but profit taking later set in and carried Sinclair 6s. Skelly 6145 and Pan-American 6s back about a point. St. Paul Railway fssues were strengthened b proposals of the road’s receivers to pool proceeds of a possible Northwestern rate increase. CHEMICAL REORGANIZING NOW CONSIDERED NEAR NEW YORK, June 20 (@) operations of the Virginfa-Carolina Chemical Co. now on a profitable basls, the financial district is ex- pecting an announcement of the re organization plan in the next three or four week A court proceeding declaring the 7 per cent bonds due and payable is anticipated. Pro- ceeds from the sale of the Southern Cotton Ofl Co. and potash interests in Germany make available, it is sald, an amount sufficient to reduce the $24,000,000 first mortgage bonds to iess than $15,000,000, reducing the face value of each bond to $600. instead of $1,000. CHICAGO LIVE STOCK MARKET CHICAGO, June 20 (United States Department of Agriculture).—Ho, Receipts, 5,000 head: fairly active on fresh receipts, slow on others; gen- eral 5 to 10 higher than Friday's aver- age: bulk desirable. pound averages, 13.20a13 weighty butchers requirin 13.30: no cholce butchers offered: bulk, hetter. 150 to 190 pound averages, 13.00a13. 2 few light or slaughter pigs on bulk packing sows, 11.75a12.00: few choice loads butcher sows up to 12.50; shippers, 15.00: estimated hold 000 head; average cost, Friday 5 pounds; heavvwelght , 12.60213.30: medium, 12. i .00213.15: light light, 11.25a packing hogs, smooth, 11.85a packing hogs, rough. 11.40a : slaughter pig: .00a12 ipts, 500 head; compared vearlings. 50 higher: lower grades trade largely forced grading sood and hetter. spots more on vearling: steady to 25 u affair; treme top weighty dium weight. 11.50; vearlings, yearling heifers, 11.50; better grades light zrain-fed heifers, mostly 9.00a 10.50; liberal proportion fed steers, all weights, above 11.00 on late upturns; slighily better feeling in stockers and fecdcps, steady to strong: grain-fed cows ©nd heifers, 25 to 35 higher: grassy kind, canners and cutters and bulls, steadv to strong: vealers, 1.00 higher. Week's bulk prices; steers, 9.15a11.25; fat cows, 4. heifers, 6.7529.0 3.00a3.75; veal calves, 9.0 ers and feeders. 5 50. Sheep—Receipts. 5.000 head: for week, 20,000 direct and 45 c: from feeding stations: today's receipts prac- tically all direc 11.35: 210.00; stock- higher: cull and feeding lambs, gen- erally steady: fat sheep, mostly 50 higher; hest Idaho lambs, 16.: top natives, 16.00; vearling wethers, 13.90; bulk prices lambs. 15.50a16.15 cull 10.50a11.00; yearling wethers, fat ewes 5 6 eeding lambs scarce; bull 50. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Adirond. P. & 1. C. 6s 19: Alum, Co. of Amer. 7a 103; American’ Sugar 6s 1937, Amer. Tel. & Tel. fs 1 Anaconda "Copper 6s 1 Associated Oil s 10 Central Chi. Continenta) G. & E. Du Pont 733a 1031 Vederal Sugar Ref. 6 Federated Metals Great Northern Gulf 0il Co. Pa. 538 Hock Val. R. R. Fumble Oil 5i3s 1032 Lehigh Pow. Sec. C. 68 1 M. St.P &S.S. M.8%81 7335 1030, Oregon Short Line 4s 1929, Penna. R. R. 78 1930 Pure Oil 5%s. Aus. Swift & Co. ba 1032, REFSREG RIS 4 U. S. Rubber 713 Western Union 8%s 1 Westinghouse E.&M. 7s 1931 CHICAGO STOCK MARKET. ' CHICAGO, June 20.—Following is & report of today’'s sales, high, low and closing quotations at the Chicago Stock Exchange: Sales. 150 Al Amer Rad. . 5500 Armour A ... 1100 Armour R : 1300 Armour Del pfd 3523333333323253333223232322222557 §52333333333322323325333238 =R o £ SRR gm‘m PL Ao 260 Stewart Warner. P3Swift & Co.... 180 Swift Intl ..... 8 Un Lt & 350 2196, Total sales, 21, Montevideo s | D. C, SATURDAY, JUNE 20, l (Z!N NEW YORK BONDS STOCK EXCHANGEI Received by Private Wire Direct te The Star Ofice. UNITED STATES BONDS. ' . Sales Hixh. Low. Close. (Balea are in $1,000.) i ST 12 91 90% Low. Ciose. O1stéscr.. 103% 103% 1012 1015 |B&O6s. ... .. 103t 103% 10224 10224 | S&O vt fmp 3. 103% 103% 10116 10117 |B& O PLEW 88 88 10130 10130 | B&O 8w Div bs o 93% 98'3 10230 10231 | Bkiyn Manhat 6s. 9% 91 10317 10320 | Buff R& Piet 474 87t 87 10718 10715 | canyd North £23n.. & 118% 1181 Canad Pac deb 4x. % 807k Car Clineh & O 65 107% 107" Centor Ga 5%s.... 102% 102'% Central Pacific 43 . 89's Ches & Ocvdl4s. 98 Ches & O gn 41% Ches& Ocvhs. . Chi & Alton 2. . Chi & Alton 3%s. .. ChiB&Q1streis. Chi&ETanbs. ... Chi Great West 45. CM & Puget Sd 4s. CM&StP4s'25 C M & St P at 4 CM&StPev4ly CM&StPgn4alis. CM&EStPrf4ts CM&StPeyis TM&StPEs Worefie. Chi& N W1s ChiRysss....... ChHIRT&P gn4n ChiRT&Prfan ChITHE& S K Ss ChiUn Sta 41 Chi Un Sta 67, o Chi & W Ind cn 4. CEWI5is" Clev Term b= Colo & Sou 4%=. Cuba RRb6s....... Del & Hd 1st rf 43. Del & Hud 6%s. D & Rio G fmp bs 1925. Lib1st4%s 102 4 101 19 Lib3d 4%s 102 Lib4théks 1S 45 1944 US4ls'52 2HR e 2iste 2 103 20 107 20 FOREIGN. Argentine 6s wi. 96 Argentine 6s A . 954 ! Argentine 6s B. 957 Argentine 7s. 108 Austria7s.... 984 Bank of Japan s Belgiumés........ Belglum 618w /.. glum 7s wi. . Belgium 8s. Bolivia 8. Brazil 7s Brazil 83 Canada G5 1¢ Canada bs 1 Canada 5%;s 19 Chile 751947 . Chile 85 1941 | Chinese Gov Ry { Christianfa $s {Con Pow Japan Ts. | Copenhagen 5 Cuba b%s ; Czecho 8% 1352 et Denmzrk bs | Denmark 83 IDET5 Dateh Duteh East T 6362, E! salvador 85 '48. Finland s € 6345 . Fiulands 7s. Framerican French 7s. French 7% French8s......... Ger E16%5'50 wi rman 7s. . r Gen Elec S 1o waBEBSNRx0SRaan~=Tin & Des M & Ft D 4s Det United 4355 Erie 15t cons 4s. Iirie gen 4s. . feconv4sa. ... rle conv ext 7x.. rie Genessee R 6« KL E C 5574 Grand Trunk 7s. eat North bs Great North 5%as Gr North gen 7s. .. tireen B & W db B G MOb&N 588 'a0 Havana ERL&P '50 Hud & Man ref Hud & Man aj 5. TIl Central ref 4 111 Cent ref §s'55 111 Central 53gs. .. . 111 C-C St L&NO 53 Int Rap Tran 5. .. Int Rap Tr 55 stpd. Int Rap Tran : Int Rap Tran : Int& G Nor 13t 6s. Int & G Nor aj 65 iKansas City 8 5 Lake Shore 4s Lake Shore 45 '31 Lehigh Val 5s 2003 Loufs & Nash & Market St Ry 7 A1) EI Ry & L 58 MK & Tadj 63 MK&Tprin MK&T6s Ao Pacific g Mo Pac 65 1965. Mo Pacine €3 o Pacscrs sau £ Ry 4357 OT&M5%s N Y Cen gen 334 Y Cent 4598 Y Cent deb 4s. N Y Centrib: N Y Cent deb New iavd 4s ew Havencd6s.. ew York Ry aj us NY Ry 83 '65. N Y State Ry 4 NY W & Bos 4%z Northern Pac . .. Northern Pac 4s. Northern Vac r 165 Ore-Wash 1strf 4. 17 Pennsylcond4lgs.. 2 Pennsyl gen b: 7 “enn e Pere Marq 1st§s. .. 7 Reading gen 43%=.. 31 Rio G West 1st de.. RIATk& L 4%s St L (M&S 4s Haiti 65. . Hungary & Japanese 4= lapane<e 6 raeille e i fco 4510 Asnid | Norway 63 1943 . Norway 65 1944 Norway 63195 Norway 8< i Orlent Devdebss. . Pari ‘s-Med 6. Paris-Ly Peru 8. and s Po'and 83750 wi Queensland 6 Queensland 7= | 10 State §3 Paulo rts. e Dept cf 7= Serbs Crot Slo 8 Sweden Gizsct.. Sweden 5. e Ud Kingm Ud Kingm Urugzuay 8s. MISCELLANEOUS. Ajax Rubber 8x Am Acr Chem 716« Am Chaln sf 6s'33. Am Smlt & R 1st 55 20 AmSmit& R 50 Am Sug ref 6s. AmT & Tel trds AmT&Tcltrs AMT& TS5, . Am T & Tdebdls AmT&Tev6s. . | Am Writ Paner 6. Anuconda 1st s Anaconda cv db Andes 75 25% nd. . Armour & Co 4% Armour Del & Pell Tel Pa 5= £ Reth Steel pm bs. . Reth Steel rf 5 Feth Steel s f 6 Erier H St 1st 5 vn Ed gen 5. Ed6sB..... Rush T Bldg 63 '60. Cen Leth 65 45 cfs Chile Conper 6s Col Gas & Col Gas & I 5 Commonyth P 6. . Con Coal Md 1st fs. Con G NY 5145 w! Consumers Pow 5= Cuba Cane cv 7s. Cuba Cane cv d 8s Denver Ga< "s. Dery (DG) T8 Dat Edison 5= '40. . Det Edison ref §s. . Dodge wi 6s. .. Donner Steei 7s.... Du Pont de N 7%s. Duauesne Licht 63 Est Cuba Sus 7158 Tmvire G & F 77¢s. Francls Sug 7% Goodrich 674 Goodyear 8s 122 Goodyear 8s 1941 Hershey 6x 1942. .. Hoe & Co 648. ... Humble © & R 543 Tllinois Bell 1st is. Thinois Steel 4158.. nt Mer Marine & Inter Paper s nter Paper 6s.. ... KCP&TL5SA G2 Kan G & El 63'32.. Keily-Spring 8= Keystone Tels 5. TLackawa 8 5s '50 Laclede G 5%5 TLouisv G & E iis | Mid-Con §%s. 40 Midvale Steel ... Montana Pow 5s.. NY Ed 5544 wi. NY Tel4%s. Y Tel 6541 North Am Ed 6s... Nor Ohlo T & L 6s. Nor States Pow 5s. Nor States Pow 83. Otis Steel 7459.. Otis Steel 85 . Pacific Gas & El 5. Pac T &T Ist 58 .. Pac T & T 58’52 Pan-Amer Pete fs. Pau-Amer Pete is. Phila Co5%s'3 Phila Co ref 6= A Phila& RAC & T Pierce-Arrow 8. . . Producers & R 8s w ‘Public Service P Serv Gas 5348 64 P Serv Gas 528’59 Remingtn Arms 6s. Saks & Co #f 7s . Sharon Stl H 3s. Sinclair Oil 6s Sinclair Ofl 6% Sinclair Ol 7s. SMCOPLEs"28.. Sin Pipe Line bs. .. Skelly Ofl 6%4s... South Bell Tel 5= So Por Rico Sug 78 Southwest Bell 5s. Tenn Elsc Pow 6=. . Tide Wat O] 6345 . United Drug =.... U S Rub istrfbs.. U S Rubber 743 ... U S Steel = f 5x. Utah Pow & Lt Va-Cer Chem 7s i 33 Va<Car Ch 7%s w.. = h el ‘Warner Sug 7s '41. Y% 4 B - R g“‘)‘; i West Elec bs. . . Juiy 1 ‘Westn Unfon 6%4s. Jane 25 ‘Westinghouse 7s. Willys-Ov 6%s 33, Wilson & Co 1st ‘Wilson & Co ev Winchester A 7%s. 1 101% Youngstn S& T 6s, 7 100% RAILROADS. Ann Arbor 4 .6 T4 Atchison gen 4= 21 91% B &O gold 4x 8 90T B&Oeviks 9% 101 1024 987 Seabd A L 4s. Seab'd A L 4s Seabd A Liref 4x.. Seab’d AL adj6x. . Seab’d A Lcon6s.. Sou Paciflc ref 4s. . Southern Ly gn 4s. Southern Ry 1st 55 3 Southern Ry 6sct. 8 Southern Ry 6%:3.. 4 Sou Ry Mobi'e4s.. 5 Third Ave adj bx. . Union Pac 18t rf 4s Union Pac 4s'27. .. Union Pac cv 6s... Virginia Ry 1st bs. 1 Wabash 53875, stern Md 4s. ... Western Pacific 5s. West Shore 1st 4s. Whel & LErf 4%s3 ‘Wisconsin Cent 4s. ST. LOUIS sfocké 7P7AY | VERY LARGE RETURNS ST. LOUIS, Mo., June 20 (#).—Divi- dends totaling $4.241,282.00 will be paid July 1 on stocks listed on the St. Louis Stock Exchange. The return represents the ‘earnings on invest- ments in 43 stocks of industrial char- acter, § bank stocks, 4 trust company stocks and 11 miscellaneous stocks. GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Bid. Asked. Ger Gt (win) Gs 101418 $50.00 1000.00 Hamburg 4328 1010..... 150.00 187.50 Ger Gt 458 (forced loan} 1050 1 (Quoted in dollars per thousand Ger Gen Elec 4 Ger Gen Elec 413 Berlin_4s pre-war. Ham 3s. 3338 & 4 Hamburg Al 4, North German Lloyd 4 s North German Liovd Prussian Consols 3738 Krupp 5s 1021. 2 Duseeldort 48 pre. Frankfort a-M Munich 45 pre.war. .. . Badische Anilin. .. . A EG (Ger Go Elec . Commerz and Privat Bk Dresdner Bank Deutsche Bank Darmstaedter Bank . . Mercur Bank Vienna Stock of record. June 20 June 20 June 30 June 30 une 30 une 29 June 26 Jupe 36 Jupe 30 June 20 June 20 ‘June June 50 June 29 June 50 June 32 June 24 July 15 Pe- riod. Rate. able. $1.80 July % July SRR G A D13 3 e S, S COAL OFFICIAL QUITS. NEW YORK, June 20 (#).—The resignation of Frank Burns as presi- dent of Burns Brothers, coal dealers, owing to dissatisfaction with the new control into which the company has fallen, has been followed by the resig- nation of H. 8. G. Brooks, first vice president, whe has Besm with the company 26 years. 100 | FINANCIAL. Public Is Cautious As Specialties Top W eek’s Stock Gains By the Amociated Prees NEW YORK. June 20.—Specialty movements were the chief centers of interest in this week's stock market, the main body of stocks drifting within rather marrow and irregular Umits. The continued €ease of money rates and nublication of favorable trade and carnings ve ports were offsel by the apparent inabllity of pools to attract a large public following and the uncer tainty over the Interstate Com merce Commission’s attitude on the “Nickel Plate” merger and the ap- plication for higher freight in the Northwes: PRICES STILL DOWN INWHEAT MARKET {Big Cron Outiook Offsets Black-Rust Scare—Corn and Oats Lower. By the Associated Prese. CHICAGO, June Despite sharp rallles due to black rust danger on both sides of the Canadian border, wheat prices this week have failed to recover in full from setbacks brought about largely by previous glowing re- ports as 1o the outlook for @ big crop of Spring wheat, especially in Can ada. Compared with a week ago, the wheat market this morning was 1%e |to 4% e down, corn 5'c to Tle off. 4l 35c decline and mrovisions ular, v ving from 33¢ dacline to advance, Bumper €rop Ou One of the factors the most depressing influence wheat values was an unoficial esti mate that the Canadlan prairie prov inces this season would viald 500.000 000 bushels—an amount more than double the total in 1924. This estimate was current before tha presence of black rust anywhere in the Spring wheat territory had become known. Besides the half billion Canadian esti- mate. Furopean crop prospecis wers reported as ubove the average and holders «f wheat wers further dis- couraged b smallness of the decrease in the United States visible supply as well as by the slow rate of curtail- nt of the amount of wheat on ocean ook, which ha: had civcumstances acquired cial significance, too, an the near upproach of the crop y July 1 Price Rallies Expected. Even aside fr ments, price rallies in the v ket during the last part of t were expected by many traders. Tt was pointed out that zlmost continu- ous!declines had carried the market down 20 cents a hushel. and that reaction was overdue. Furthermore. assertlons that the probable vield of domestic Winter wheat had been re. duced 4,000,000 bushels since the 1. est Government report were borne out 2 good deal by disappointing thresh ;ng returns, from Kanzas in particu ar. <pe cccount ot d of the black rust develop- Corn and Oats Lower. Breaking of the drought over the Central West was chiefly respon=ible for lower prices on corn and oats, Lard stocks failed to decre: much as expected. On the other hand. there was an improved demand for meats. Today's Grain Prices. CHICAGO, June 20 (# largelv by chances that Spring wheat will fail to reach maturity without serlous impairment from black rust or other causes, the wheat market toda: made an early fresh advance. Profii- taking sales led to only temporary set- backs. Furthermore, Liverpool auo- tations showing that United States wheat values are at present on a do- mestic basis had but little if anv im- mediate effect «s a deterr ulative buyers. figures, ¢ July 1581 to 15574 to 1.55 moderate gen by a rise to 1.5 for September. Corn sympathized with whear. Af ter opening at fyc decline 10 ;¢ ad vance, September 1.097% to 1.10%, the corn market ascended all around to above vesterday’s finish. Oats lacked support. Starting at Yac off to Jic up, September 51 to 51%. oats underwent a general sag. In line with hog values, the pro- vision market was firmer. WHEAT— July . September December " CORM Juty . September Decernber OAT! July eptember December RYE— July . September December LARD- July .. September Tn@uenced 1t fo spec- Chicago opening lower to Ic higher, 1.567;. and September ON $57,000,000 SCHEME | Maryland Power Project Has Greatly Changed Since First Planned. Special Dispateh to The St BALTIMORE, June The Mary land Public Service Commission may reopen hearings on the $57,000.000 glant power project at Conowingo, Md. ‘The Pennsylvania Commission called for so many changes in plans and |new facts, in a letter to the promoters of the proposed project, that it s be- Been 0 [lleved the project virtually will have to be re-planned. If this is done, the Maryviand Com. plans at new hearings, it is believed. Approval of the project i not now looked for until Fall. — FOREIGN EXCHANGF. 1Quotations furnished by W. B. Hibbs & Co \ Nominal Selling checks wold value. ~ today. London, poun . .$4.8665 $4.861, Montreal. dollar. . ... 1.00 . Paris, franc a8n Bruasels, fran 1 Berlin, ma Rome. lira . ., Zurich. franc.’. Athens, drachma. Madrid, peseta Vienna, crown. .. Budanéet. crown. - rague. crown | Warsaw. zloty Copennugen. ¢ Christiania, crown. Stockholm, crown TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Quotations . : 2 Sept. 15, 1035, alin exce: mission must consider the changed| BROADER POWERS * URGED FOR BANKS i National Institutions Are Ton ! Restricted, U. S. Chamber i of Commerce Says. BY CHAS. P. SHAEFFER. The United States Chamber of Com merce, through a referendum of ity members. has voted overwhelminglv in favor of four propnsale which grant additional powers to national banks. A national bank should be permit ted, under regulation of the controlles of the currency. to have branchei within its own city, if a State hank in the same city is permitted to on erate branches. was the consensus nt 2,160 veporting members, while onlh 105 voted against the nropnsal National hanks should be gziven in determine chartars. cubject 10 for fefture to use and termination at will of Congress. according ta tha thought of members 2z ag 124 nezative only replies RBroader Powers Urged. National d 1o dexl hanks in inv ould b avuthor stment securitins on a Pasis not inconsistent with zererally recognized principle: tsound banking practlee. 1.9371: vote declared. while Lut 2987, failed 1 indorse the ide Lastly, national could authorized to make m: ze loar on city real estate for period not i1 excess of vears, 1.50% believad ag_ against navs The ndum 1eD! ired Ty mittes of the finane the chamber, under Fred 1. Kenr. The referendum dise | nationa1 banii ary in number | the natioral ba | Bank Losing Prestige. This defection the banking system, as well s ness t in a lowe prestige, a Gation of i and, by comparison with State as a whole, a relative decr strength. the working an appreci structure o stem.’ izures were « tee setti growth in S by a correspondir: number of nal Forwy vears «go stitc hanks ¢ led on per cent of 1 inz resources of the country vears azo ahout 40 per cen present control than the last veir State bhank gained £2.000.000.000, compared an increase on the part of 1 banks of onlr $787.000,000 “In the last seven : large national banks. with s of $2.000.000.000. or one-tenth prese: total resources of 2l national banks, have erted inte state institutions. This represe average resources. per hank. of $10 000.000: obviously not the smalles bank: Liberty Peclares Di The hourd of the Bank has decl: -4 « share. payable 1o record June The sum of was transferred trom undivided profite to_surplus. making t fund toial $175,000. with cepital of $300.000, The books will not close from Tnlume nffse Aecrease in the instityrinn. and a half. Tn resou maore of the dividend - stockh GRAIN AND PROVISIONS BALTIMORE. June 20 oes, per 100 pound ces, barrel. 1.00a4 . 1.00a3.60: beans. (Special).- bushel, 00. 2.0024.00: corn cucumbees, hamper eggplants. crate, 1.50a3.50 . bushel. 5021.30: peas. hampe: crate. 2.0024.00 2.00a2.50: pring 100, 50: radishes. 100 squash. te. 1.00a1.50 , crate, 1.25: Bushel 15a30 peaches. pound, 1.50a4.00: huckleberri watermelons, each, tomat Apples. ries. quar 3.00a4.00; cherrie: nineapples bushel, cantaloy auart, 50a83 Selling Prices at Noon. Wheat—No. 1 red Winter, spoi. ex port. no quotation . 2 red Winter spot, domestic, 1.74: No. * red Win ter, garlicky. domestic, 1.7 3 red Winter, no quotations ales—Bag lots of new wheat at ob. new nominal. per 1:30 per vellow. =pot harrel. track. ve bushel 2, 85 Ne. 3 A 1.00a1.15 spot. mo_quotation. Ha Receipts, 45 tons. What little demand prevalls for hav is centered entirely on the top grades of timoth and choice light clover mixed, of which sort there is no oversupply Generally speakinz. however. sunplie= are ample. Low-grade and inferior hay is hard to move even at its rels tive value. Quotations todav: No. timothy 18.00a18.50: No. 3 timothy. 14.30a16.00: No. 1 light clover. mixed. 15.50a No. 1 clover, mixed. 15.50a16.00 clover. mixed. 0214.00. Straw—No. 1 heat. 14.00a14.50 per ton: No. 1 oat .50a16.00; No. 1 | straight rve. 18.50a19.00 RAILROAD’S EARNINGS | BETTER THAN YEAR AGO Special Disnatch ta The Star BALTIMORE, 20.—While still showing a_deficit for the current fiscal vear, Western Maryland rail wayv's estimated earnings for the week ended June 7 showed an in crease over the corresponding week in 1924 of $24. The Weekly com- | parison showed estim:ted earnings of $359,919 for the current week, against $335.163 in 1924, Current earnings for the present fiscal vear are $8.201 985, against $8.509,619 for the corre | sponding period of 1924 | SPURT IN CLOTH TRADE. | NEW YORK. June 20 (Special) Cotton clothis closed the week with a spuvt of activity which sent nrices slightly higher. The 64x60 print cloths |were quoted up 1y at 93, but the 6%x 728 were down Ty at 10'g Raw silke | were quiet and unchanged. DAIRY PRODUCTS. BALTIMORE, June 20 (Special. | Live poultry—Spring chickens, peund. 35a50; Leghorns, 30a40; old hens, 23a | 59; Leghorns, 23a24; old roosters, 16: | ducks, 28a30: old, 14a20; pigeons, pair. { 20a30. Ezgs—Receipts, 932 cases; native and nearby firsts, dozen, offered at 31 Butter—Good to fancy creamery pound, 40a45: prints, 45447; ladles, 33: store. ked, 30a31: dairy prints. 30a32: #0032, proosss bntter. 35%.