Evening Star Newspaper, June 26, 1925, Page 26

FIN MARKET 15 STRONG INFINAL TRADING Motor, Tobacco and Utility Stocks Are Leaders. 'R Many New Highs. BY STUART P. WE 1al Dispatch to The Star W YORK, Jun The upward | trend on the St Exchange con- ' tinued today with further gains in numerous individual issues and about; a score of new high records. Taking the list as a whole, the advance was moderate, but recent losses in many instances were more than recovered as the market became definitely stronz T, . NE Motor Issues Leaders. Motor shares were the leaders with | ® big turn-over in General Motors, Hupp. Packard, the Pierce-Arrows and Willys-Overland. Dupont went along with the General Motors. There were 15.000 shares of the latter stock taken at 813, after which it ran up to 82. The hand of a power- ful pool was plainly visible, the operation being based upon the talk of increased dividends The strength in the Pierce-Arrows persisted in face of the seemingly official denial that there is anything in merger rumors or in gossip about 4 dividend on the old 8 per cent pre- ferred. The rise in Willys-Overland above 20 was founded upon reports that interests apt to know most about the company's affairs had been in- creasing their holdings. New High in Woolworth. New high records were made in Woolworth, which got well above 140, and in Philadelphia Co., which was re- sponding to information that new anking interests had become associ- ated with the company, joining forces with the bankers already long domi- nant. There were new high prices also for Lee Rubber, Vivaudou, New- port News and Hampton, Yellow Cab, United Cigar Stores, Tobacco Prod- ucts A. Phillip Mor American Car and Foundry preferred, New York Dock preferred and Atlantic, Gulf and West Indies preferred. American Can Gains. Havana Electric had one usual run-ups. American Can .gained 3 points or There was short cov- ering in Baldwin Locomotive. Sym- pathizing with the strength in Phila- delphia Co.. Market Street Railway prior preferred had a brisk run-up, and the first preferred gained a point. The advance extended to the United Rail- way investment issues. Chicago Taxi went alonz with Yellow Cab New York Dock common jumped over 3 points. There were sharp upturns in nigh priced industrials such as Na- tional Lead and General Electric and special strength in Radio Corporation of America and Marlan Rockwell. Southern- Railway Up. The feature in the railway section was Canadian Pacific. It took pur- chases of only 5,000 shares to put the stock up over 4 points. Southern Railway, Rock Island, Texas and Pa- cific and St. Louis-San Francisco were in_demand. Further selling of Burns Brothers issues was due to the announcement | made the previous day that a new coal distributing company had been formed, at the head of which were interests formerly at the head of Burns Brothers Co. MARKET CLOSES STRONM of its NEW YORK, June 26 (#).—Stock | prices moved out of the narrow area in which they had been fluctuating on | the up side in today’s market. Bullish demonstrations were vigorously con- ducted in number of motors, to- i and public utilities, despite the | retention of stiff call mone: tes. Total sales approximated 50,000 | shares. The closing 1, s strong. In most wctive issues best prices of the | day were registered during the last hour. General Motors touched a new | 1op at 83, and American Can extend- ed its gain to 5 points. l Markets at a Glance NEW YORK — Stocks eral Motors at new high. Bonds irregular; French strong; Gen issues anges lower; francs and low. bullish private crop re- live at year’ Cotton firm; ar featureless. Coffee lower; trade selling. CHICAGO — Wheat steady; country offerings. Corn higher; decreasing supplies. Cattle steady. Hogs higher and active. light Veteran Sport Writer Dies. NEW YOI 6 (). —Samuel ewhall Crar base ball viter and at one time considered the best second baseman of his day, dled of pneumonia_at his home in the Bronx today. Mr. Crane accompanied the New- York Giants on their last Western trip. He became ill during ihe trip and had to be carried from the train on his arrival here Monday. DAIRY PRODUCTS. | B BALTIMORE. June 26 (Special).— e poul —Spring chickens, pound, a50; Leghorns, 30a40; old héns, 23 29; Leghorns, 23a24; old roosters ducks, 14a20; young ducks, pigeons, pair. 20a30. Eggs—Receipts, 1129 cases; native and nearby firsts, dozen, offered at 3115232, Butter—Good to fancy creamery, pound, 40a44; . 44a46; ladles, 33 34; store packed, 31: dairy prints, 3la rolls, 31a33; process butter, 35%. —_— GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Asied. GerGt (wln) bs 1914-18 nzs %0 2160 i Hampurg 4150 Tol0. .0 18000 178100 SOV T 80 Clorced 1041 3000 (Quoted in dollars per thousand Gor Gen Elec 41gs prew 20.00 Ger Gen Elec 4135 1919 Berlin 4s pre-war. ... Ham 3s. 3138 & 4% pré-w Hamburg Amer Line 4138 North German Liosd 4138 North German Lloyd Pruseian Consols 3343 . Krupp b 102 : Dusseldor! 4s pre-war Frankfort a-M 4s pre-war Munich 4s pre-war Badische Anilin. ... AE G (Ger Ge Eleci . .. Commerz and Privat Bk Disconto Gellschaft Dresdner Bank Deutsche Bank Darmstaedter Bank Mercur Bank BATES ON BAB SILVEB. W YORK, June 26 (#).—Bar sil- Mexican dollars, 543%. , June 26—Bar silver, 323%d per ounce. Money, 3% per cent. Dis- count rates—Short bills, 4 9-16a43% per cent; three-month bills, 4 9-16 per cent. o CHRYSLER $4 DIVIDEND. | NEW YORK, June 26 (®).—Di- rectors of the Chrysler Corporation at ANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office THE EVENING STAR, 0 | Gen Clgar (8) | Gen Electric Adv Rumley . .. Ahumada (f1).. | Alr Reduc (4) Ajax Rubber. Alaska Junea. Allied Chem (4). Allied Cm pt(7) . Allis Chalm (8). Am AgriculChm. Am Az Chm of. . i | Am Bosch. Am B Shoe pf(7) Am Can (1) Am Can pf ( Am Car&Fdy (8) Am C& Fpf ( 1 Am Chain A ( | Am Chicle. ..... Am & For Pow. . Am & F P pf (1) Am&FP 256 (7). Am Hide & Lea. . Am Ice (7). Am Ice pf (6). Am Internatl. Am La Fran (1). Am Loco (118).. Am Metal (3).. Am Radiator (4) Am Republic . Am Safety R (3) Am Ship & Com. Am S & Ref (6).. Am §tl Fdys (3). | Am SO Fy pf(7). | Am Sugar.. | Am Tel&Tel (9). Am Tobacco (7). Am Toba B (7). . Am Typ Fdrs(8) Am WW&EI 1.20 A WWE&EI pf(6) . Am W W 1st 17)- Am Woolen. .. Am Wool pf (7). Am Writ Pap pf. Am Zine of Anaconda (3)... Armour Del (7). Armour I11 A(2) Artioom pf (7). . Asso Dry G(2%) Asso D G 1st(6) | Asso O11 (2) . Atchison (7) . Atchison pf (5). AtIBirm & At. .. Atlantic C L(18) AGUIT&WI.. Atl Gulf & WI pf Atlantic Refing. Atlas Tack. Austin-Nichots. . Baldwin L (T)... Balto & Ohlo(5) . Barnet Leather .. Barnsdall A. . | Bayuk Cigar Bethlehem Stl Beth Stl pf (1) Briggs Mfg(3%) British Emp 2d. Bkl Edison (8).. Bki-Man Tran Bkl Union G(4). Brunswick (3.60) Burns Bro (10).. Burns Br B (2).. Burns Br pf (7). Bush Terminal. . Sush Ter de (7). Bush Trm pf(7) Butte Cop (50c) . Butte & Sup (1). Butterick...... Cal Pete (1%)... Callahan Zinc. .. Can Pacific (10) Case Thresh pf.. Cent leather. . Cent Leather pf. CRRNJ (12). Cero d Pasco (4). Certain-Teed (4). Chandler (3).... Ches & Ohio (4). Chi & Alton. . Chi & Alton pf. iGreat West. i Gr West pf. | Chi Ml & StP. .. | Chi Mil& StP pt. | Chi& Nwn “4)... |Chi R1& Pac... {CRI&Ppf (6). C StPM&ODL(5) . Chi Yellow C (4) culiasitizun), Chile Cop (2 (hinoCDl’l’Gr Cluett Peab (. Cluet Pea pf Coca-Cola (7). | Coca-Cola pt (7). Col Fuei & Iron... Col G & E (2.60). ColG & i p Com Solv A (4 Com Solv B.. ColCarbon (4) Congolium (3).. Consol Cigar. ... Consol Distribut. Consol Gas (5).. Consol Textile. .. Cont Can (4) Cont Insur (6) Cont Mot (80¢).. Corn Frod (2)... Crucible St! (4). Cuban Cane Su. . Cub Am Sug (3). Cuban Domin. ... Cudahay Pkg (1) Cuyamel Fr (4). Daniel Boone. Davison Chem. .. De Beers (88¢).. Del & Hud (9)... Del L & Wn(17). Detroit Ed (8)... Dodge Bros ClA. Dodge pf (T).... Dome Mines (2). Dupont (10). . DuPont deb (6) . | Duquesne pt Eastman (13)... Eaton Axle (2).. Elec Powr & Lt.. EIP&Lpf(7).. E P&L full pd(7) E P&L pf 40%pd Elec Str Bat (4). Fairbanks Co Fairbks (2.60) Famous Pl (8) Famous PIrsrts. Feder Lt (11.40). Fed L& T pf(6). Fed Min pf (7). First Nat Ppf(8) Fisher Body (5). Fish Bd O pf(8). Fisk Rubber Fisk 1st pt (4) Fleischmann(4) . Foundation (8).. Frank-Si pf (7). Freeport-Texas. | Gen Am Tnk (3). | Gen ATC pf (7). Gen Asphalt. Gen Baking (6) . Gen El spec 60c. Gen Motors (6).. Gen Mot pf (7). Gen Petrm (2) Gen Ry Sig (6) .. Gen Ry S pf (6). Gen Refrac (2).. Gimbel Bros Glidden Co Gold Dust. Goodrich. Goodrich pf @. Goodyear pf (7). Goodyear pr (8) Grt North pf (5) Gt Nor Ore (1).. Grt Wstn Su (8). Gulf States S(5). Hanna 1st pf. Hartman (2%). . Havana Elec (6). Havana El pf(6). Hayes Whl (3).. Helm G W (3)... Household P (3). Houston Ol Hudson Mn 2 Hudson Mot (3). an organization meeting today de- clared a dividend of $4 a share on preferred stock series A for the first and second quarters of 1925, pavable July 25 to helders of record July 10, Hupp Mot (1)... Illinots Cen (7) Indep Ol (1). Ind Oll rights. Am Beet S pf(7). Am Brk Shoe(5) . Open. 14 1% 101% 14% 1% 91t 119% 81t 184 48% 877 351 103 1184 186% 120 100 High. 1 114 102 14% 1% 923 119% 82% 184 50% 87% 37% 103 113% 190% 1204 100% 4 127% 88's 24% 102 20% 981 1% 8 98% 5% 12% 18t 287 2% 142 6% 17 5815 290 52 AT 36 93% ] 11% 23% 2% 145 767 17 59% 290 52l 48% 36% 93% 47 T 11% 25% 9% 16% 64 44 83% 4 123 Lew. 14 11% 101% 14% 1% 91 119% 81% 18% 48% 81% 35% 103 118% 186 120 99 127% 23% 52 41% -91 132 10% 110 821 34 12% 112% 4719 94% 67 57 34% 21 147 140% 23% 82% 14% 179 100% 111 167% 17% 3415 91% 109 108% 63% 27% 4 381 103 5 33% 86% 544 100% 71 109% 18% 102 84% 117% 104% 17 45 96% b52% 143 87 284 11% 80% s 112% 20% 39% 53% 98% 103% 104% 68% 27% 108% 8113 52 29 182 115 87% 68 37% 75 32% 63% 19% 113% 38 » 67% 169% 92 46 56 19% 38% 52% 98% 102% 104% 68% 27% 108 9% 52 28% 176 115 37% 68 37% 74 32% 63t 18% 13 37% - Close. 14 1% 102 14% 1% 92 119% 82 184 0% 87% 364 103 113% 190 120% 100% 127% 23% 52 42% 91 132 10% 110 821 34% 123 118% 47% 94 67 B7% 8% 104 38% 110 641y 141% 96 9415 123% 637 108 994 36% 8 3% 28%, 38% 96% 23% 1017% 52% 38% ' |dndian Motorcy . . Indian Refining. . Inspir Cop (50c) . Interb Rap Tr. Internat Agri Int Cement (4) Int Cement rgts. Int Com Eng (2). Internat Har(5). Inter Har pf (7). Int Mer Marine. . Int Mer Mar pt Int Nickel Int Pape: Int Ry Cent Am. Int Shoe (5). Int Te! & Tel (6) Jones Bros Tea. . Jordan Mot (3).. KCP & L 1st (7). Kan City South. . Kan C So pf (4). Kayser (Julius). Kelly-Spring Kennecott (3). Keystone T & R. Kinney G R (4).. Kresge Dep S(4) Lee Tire & Rub. . Lehigh Val(3%4). Lig & My B(14). Lima Loco (4)... Loews Inc (2)... Lorillard pt (7). Loutsiana O1l Q- Louls & Nsh Ludlum (2).. Mack Treks (6). Mackay (7). Mackay pf (4). Macy HR & Co Magma C (75¢). . Mallison & Co. Man EI Sup (4).. Manila El (2%). Maracaibo Ofl. Market Street. Market §t prior. Market St pf. ... Market St 2d pf. Marland O(76c). Malin-Rock (1).. Martin-Pry (4).. Mathieson Alka. Maxwell(A)ctf: Maxwell(B)ctf: May Dept St(5). Metro Gpf(1.89). Mexican Seabd. . Miami Cop (1) . Mid-Continent. Middle States. Midland P pf(+9) Mis Kan & Tex MK & T pf (5) Missour! Pacific. Missour! Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3) Mother Lode 75c. Motor Wh11.60. . Nat Enam pf(7). Nat Lead (8). Nevada Copper NOTex&M (1) wpt U Gas (5) Y Alr Br (4).. Y Canners(2). N Y Central (7). N Y Dock. N Y Dock pf (5). NY NH & Hart. NYOn& Wn(1). NY Steam pf(7). lag F pf(1%) Norfolk South. North Am (3.40). North Am pf(3). North Pac (5). Nunnally (1). Oppenheim Col. . Orpheum (1.80). Otis Elevat (6) Otis Steel. . Otis Steel pf. " | Owens Bot (3).. 108 81% 52 28% Pacific O11 (3)... Packard ($1.70). Paige Mot(1.20). Pan-Amer (6)... Pan-Amer B (6). Park & Tilford. Parish & B sta. . Penick & Ford. | Pennsy R R (3).. Penn Seab Steel. Peoples Gas (8). Feoples Gasrts. Pere Marq (4)... Pere Mar pf (5). Phla Co (4) . Phila& RC&1 Phillip Morris Phillips Pet (2). Phoenix pf (7). | Pierce Arrow Pierce Arrow pf. Plerce-A prior 8. Pierce Ofl. . Pierce Oil pf. Pierce Petrol. Pitts Coal. . Pitts Term Coal. Pitts Ut pf +1.20. Pitts U cfs +1.20. Pitts Util ctf(n). Postum Cer (4).. Press Steel Car. Pr St Car pf (7). Pub Se E&G pf 6. Pub Ser N J (5). Pub Serv NJ rts. Pub S N J pf(8). Punta Al Su (5). Pure Ol (1%)... Radlo Corp of A. Ray Cons Cop Reading (4) Reading rts Robert Reis. . Remington Type Replogle Steel. Rep Ir & Steel. Reynolds Sp (1). Rey Tob B (3). Rossia rts. Royal D (4. vm Rutland pf. . St Joseph LA(2). StL&SanF(5). St L Southwest. . St L Swn pt (5). Savage Arm Schulte (°8). Seaboard Air L. Seabd Air L pf. . Seagrave (1.20). Shattuck-Ariz. Shattuck FG(2). Shell Un (1.40).. Shell Un pf (6) .. Stmmons Co (2). Simms Pet (1).. Sinclair Ofl Sinclair pf (8)... Skelly Of1 Sloss-She Sloss-Shf pf (7). South Port § (6). South Pac (6). Southern Ry (5). South Ry pf (5). Spicer Mfg. Std Gas & E1(3). Std G&EI pt(4).. Stand Mill (5). St Ol Calif (2) StONNJ (1).... StOilNJ pt (). Std Plate Glass. . Sterling Prod(4) . Stew-Warner (5) Stromberg (6). .. Studebaker (4).. Submarine Boat. Superior Ol Sweets (new). Symington A(2). 180% 1156 3% 68 37% 4% 32% 63% 19 13 3% W Tepnessee Cop Texas Co (3).... Tex Gulf § (1%) Tex & PacC&O. Tex & Pacific.... Timken R B(14). Tobac Prod (6).. Tob Prod A (7).. Transcont Oil. Underwd pf (7). Union Of1 (1.30) . Un Pacific (10).. i Open. High. Low. Close. | 17% 8% 261 26% 12 62% 2% 43 107 117% % 3l 30% 67% 28% . 149 11754 16 42 105% 31% 59% 31% 18% 504 2% 82 34% 15 81% 61% 60 2815 114 18% 111% 45 T0% 56 . 110 30% 40% 15% 6 65 24 102 44% 244 22% 93 27% 84% 92% T2% 98% 96 85% 19% 52 53% 1% 50% 44% 117 11% 64 67% 67% 46% 8% 4% 7 21% 10% 51% 112% 16% 48 41 83% 102% % 120 38% 137% 17% 8% 26% 27 1214 63 2% 44 107 117% 8% 31% 304 68% 23% 149 117% 181 42 106% 3% 59% 3114 19% 50 264 82 36% 15% 81% 617 60 2843 114 18% 1113 34 180 1287% 6815 87% 4074 25% 52% 464 8% % 7 21% 11 51% 113% 15% 49% 42 83% 102% a0 120 38% 138% 17% 8% 264 26% 12 61% 2% 43 107 117% % 31% 29% 67 23% 149 17 15% 41 106% 31 594 314 18 50 245 82 36% 15 80% 61% 60 28% 114 18 111% 33% 177% 128% 681y 867 40% 247 16% 15% 14% 115% 46% 7 94 6% % 113 39% 20% 53% 12% 85 1% 38% 24% 74% 13% 44% 9% 76% 3% 51% 57ta 874 80% 45 0% 56 110 30 40% 16% 6 [ 23% 102 44 24% 22% 93 27% 84% 92% 724% 98% 96 85% 19% 52 53% 77 59% 44% 116% 11% 64 67% 67% 46% 8% 4% 7 21% 10% 51% 1124 16% 48 40% 82% 102% 4% 120 38% 13T% 1874 | @ividends are uot included 17% 8% 264 26% 1214 62 2% 43% 107 17% 8 31% 20% 67 23% 149 n7 1814 a1 106% 31% 591 110 80 40% 16% 6 65 24 102% 45% 24% 22% 93 28 841 92% 72% 99 96% 85% 20% 52 53% 7 59% 44% 117 11% 64 68% 68 47 8% 4% 7 21% 11 51% 112% 15% 48% 41% 83 1024 4% 120 38% ’ IRESTRICT TRADING IN BOND MARKET Firm Money Rates Make Moves Irregular—French Liens Yield. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, June 26.—United States Government bonds recovered somewhat today from the setback of Thursday, but elsewhere in the in- vestment classification there was no improvement This is the season where traders talk about the July reinvestment de- mand and generally attempt to an- ticipate it, but if there were any buy- ing of this kind it had no effect on prices. The high-grade railroad mort- Bages were especlally heavy, bonds which rank with New York Central | 58 down a point from the high of the ay before: Union Pacific first 4s and New York Central 31s Money Trend Unchanged. There was no change in the money outlook. The firmer tone for six month accommodations was not re- garded by bankers as significant of the long-time trend. It was notice- able that the Treasury issues held around their high points more firmly than shorter dated Liberties. WASHINGTON, The feature in the forelgn group was the Increasing pressure against French bonds. New lows on the present decline were made by French 78 and French $s. United Kingdom 51%s of 1937 duplicated the low of the vear of 105, which compares with 107, the high of 1 Greater stabllity was exhibited by the German 7s than nearly any others of the high-ylelding European issues. Industrials Strong. Among industrials were several instances of strength. One of these was American Beet Sugar 6s, which reached a new high, probably be- cause of the attractiveness of the con- version privilege. United Fuel Gas 6's were up nearly a point. Junior railroad bonds were mostly down. instances being Missouri Pa- cific general 4s, St. Louis-San Fran- cisco adjustments and prior lien “A" 4s. The most important new offering .000,000 Mortgage Bank of , due 1957 to vield 6.70 per e SHOB.T TEBM SECUBITIES (Quotations furnished by Redmond & Co.) Adirond. P & L. C Alum. Co. of Amer. 7 Ammcrican’ Sucar ®s 193 Amer. Tel & Tel. 8s 1 Anaconda Copper 6 1 Associated Oil 65 1035 | Baltimore & Ohio Bethichem Steel Ceniral ot Georel Mil. & St Ght A City’ of Lyons 6s 1 Colum. G. & E 8 BRR[EI[E 1031 b ar Ref_ ts 1933 etals 7s 1939 T_& R, Hs 1931 Great Nor. 75 1030 Gult oyl Corp. Pa. Hochnd “oil B s amble Ol 5 baa Lelien Pow. Sec. Co. P as Morria & Co. 7ias 1030, Sew Fork Central ba 1035 Oregon ‘Short Line 4s 1 Penna. R R. 78 1830 Bir o s uas, Kugust. 1025 Swint & Co Tdowagor Oit &14s 1031 RC. 4n 1097 Federal Federated Goodyear 5330555 953523355335% | A8 1927 Blgs lfi-’ll 2 BEEC052550555555. SI53EBT333 SE253333353. FOREIGN EXCHANGE. (Quotations furnished by W.B. Hibbs & Co.) Nominal Selling checks goid value today. London. pound $4.8605 $4.86%% Montreal.” dollar Qo0 < Paris. franc. ... Bruscels. franc Berlin. mark Rome. lira Zurich. franc.. Athens, drachma Madrid. peseta Vienna. crown Budapest. _crown Prague. crown Warsaw. zloty Copenhagen. crown Christiama. crown. Stockholm. crown.. NEW YORK, June 26 (f).—For- eign exchanges, irregular. Quotations (in_cents): Great Britain, demand, 48575 486%: 60-day bills on banks, : ance, demand, demand, 12; Ger- Norway, 775 Denmark, 19.68- 19.42; Spain, | 1454} Poland, 19%; Czecho- Jugoslavia, 1.73%; Brazil, 11.00; Tokio, 79 Montreal, 000014 bo0r3t ™ cables 48 cable: denund .80 | Greece, slovakia, Argentina, 40.37; 40%: Shanghai, 100 1-16. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) §332383 | 8RS8 Un Pacific pf(4). Un Tank Car(5) . Utd Alloy Steel. . Utd Cigar(13%). United Drug (6). Utd Fruit (10).. Utd Papbd (50¢). Utd Ry Invest. .. Utd Ry Inves pf. U S Cast Iron P. . U S Distributing. USHOM (2)..... S Ind Alzohol. S Realty (8).. S Rubber..... S Rub 1st S Smelting(3). U S Steel (17)... U S Steel pf (7).. U S Tobacco (3). Universal Pipe. . Univer P pf (7). Utah Copper (4). Vanadium. . Va-Caro Ch pf Va Ry & Power. Vivadou..... ‘Wabash. ‘Wabash pt A(E). ‘Waldorf (1%). ‘Ward Baking B.. 74% 129 24% 90% 1221 215% 19% 30 81 158% 33% 34% 86% 130% 47 102% 35% 114% 124 54 35 75 884 28% 14% 119 16 29 67 16 62% 24% 90% e 122% 215% 215% 19% 19% 31 30 81% 80% 160 158% 33% 33% 34% 344 86la 85% 130% 130 481 47 104 102% 35% 36% 115% 114% 124 123% 54% 54 85% 385 9 5 884 88Y% 28% 28% 14% 14 120 119 16% 16 20% 28% 674 66% 16 16 63% 624 U u U u U 62% Ward Bak pf(7). Warren Co (4). . Weber (4)...... ‘West Pen (4)... West Maryland ‘Westn Pac (6a). . ‘Wesn Pac pf(6a) ‘West Unlon (7). Westinghse (4).. Westhse 1st (4). Weston Elec.... Weston A (2)... Wheel & L Erie Wheel & L E pf.. White Eagle (2). ‘White Mot (4). White Rock Wickwire ct! 3% Willys-Overld. 19% Willys-0d pf(7). 103 Woolworth (3).. 136% Worthn Pump. .. 38% Wright Aero(1). 28% Yellow C (2.52).. 48% Youngstown (4). 65% *0dd lot. tPartly exts 106% 44% 55% 127% 13% 42% 91 . 131% 71 86% 11% 23% 16% 30% 28 2% 43% 105% 105% 44% 44y 55% 55% 128% 127% 13% 184 42% 91 131% 71 864 11% 23% 15% 30% 28 2% 42% 3% 19% 103 136% 38% 28% 43% 63% 106% 44% 55% 128% 13% 42% a1 131% T1% 864 11% 28% 16% 30% 28 3% 44% 3% 20% 103% 140 40% 29 45 65% 1] able In preferred stoek. ividend rates given in the above tabie are the annual cash payments based on the Iatest quarterly or half-yearly declsrations. Unless otherwise noted, extrs e epocial D. C, ) [omsor vom BONDS o] | Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Bales are in $1,000.) Sales. High. Low. 28 1012 10030 6 10228 102 18 103 101 16 101 14 298 10130 101 26 67C 103 10227 81 10329 103 16 80 107 26 107 15 FOREIGN. Sales. High. Low. 56 964 292 964 114 96% 12 103 13 98% . 9100 .24 86% 11 92% .75 984 16 108% . 16 107% 4 109% 9 94% 844 83 108% 97 100% 104% 102% 101% 102% 107% 108% 40% FRIDA JUNE 26, 1925, 1:45. 105 100 102% 103 109% 96% 102% Sales. High. Low. 1C5% 105 100% 100 102% 102% 108 103 109% 109% 964 96% 103 102% 8y 88% 106% 106% 105% 106% 97% 96% 98 97% 67% 67 944 94% 100% 100 111 110% 107 107 102% 102 99% 99 % 1% | So Por Rico Sug 7s. Southwest Bell 5 Tenn Elec Pow 6; Tide Wat O11 6 “oledo Edn 1st 7. Union Bag & P 6 United Drug 6s. ... U S Rub 1st rf 6s. . U S Rubber 73, USSteel s £ 63 Utah Pow & Lt 6 Va-Car Chem 7s. .. Va-CarCh 7%s w.. Warner Sug 7s '41. West Elec 5s. . Westn Union 6%4s. Westinghouse 7s.. b Willys-Ov 6% °33. 16 Wilson & Co 1st 6s. 21 Wilson & Cocvés.. 3 Wilson & Cev 7s. 1 69% 69% Youngstn S& T 6s. 16 100 99% RAILROADS. sl s 21 91k 93% 93% 20% 94 91% 108% 103% 108% 88 984 6% 9k 871 18 u7 80% 1074 1024 894 97% 92 106% 64% 1024 86% 92% 5% 6644 49% 80% 48% 904 49% 103% 96% 110% 106% 7% 84 87% 8% 93 80% 994 99% 103% 100% 98 95% 104 90% 106% 102 84w 9515 56t 5i% 89l U 623 64% 70% 96 107% 116% 95% 1024 110 17 102% 9314 G Close. 100 30 10223 10116 101 30 103 103 29 107 26 Lib3%s... Lib1st 434s Lib 2d 4% Lib3d ¢%s Lib 4th4%s U S 45 1944. US4Ys’52 106% 98% 97% 67 9415 100% 11 107 102% 99 1% 69% Argentine 65 wi. Argentine 6s A. Argentine 6s B. Argentine 7, Austria 7s Bank of Belgium Belgium 6%s w 1 Belgium 75 wi. Belgium 7148 Belgium 8s. . Terne 8s Boliv! Bordeau Brazll 7s Brazil 7%s. Brazil 8s. Canada 55 1926 Canada 55 1952. ., . Canada 5%s 1929 Chile Chile Chile 85 194 Chile 85 1946 . Chinese Gov Ry ba. Con Pow Japan 7 Copenhagen 5%s. . Cuba 6%s. .. Czecho 85 1951. Danish Munic 8s A. Danish Munic 8s B. Denmark 6s B Denmark $s DEI5%s Mc DEI65%s Nov '53. 2. Dutch Fast I 6847 Dutch East I 3 El Salvador 88 '4 Finland s f 6s45. . Finlands 7s. . . French 7s. .. French 7% French 8s 5 Ger E16%3°50 wi. German 7s. Ger Gen Elec 7 Greek 7s. Haiti 6s. Hungary 6% 18 Ann Arbor ¢ Atchison gen Atiantic C L 1st 4s. Atlan C L 4% s '64. B&O gold 4 73 91 925 934 904 93% 91 103 103% 103% 8T% 98 5% 90% 874 18 116% 80 107% 102% 89 97% 91% 105% 64% 102 85% 91% 74% 65 48% 80% 48% 90% 4815 103% 964 110% 106% 77 84 87% 88% 93 80% 99 99 103% 54 Bklyn Manhat 6s. . Buff R & Pitt 4343. Canad North 63 Canad North 7s. ... Canad Pac deb 4s. . Car Clinch & O 6s. . Centof Ga 5%s. Central Pacific 4s. . Ches& Ocv 4%s Ches & O gn 4% Ches & O cv 6s Chi & Alton 3s. 75 9 75 29 1 27 109% 110 108 110's 99t 9945 101% 101% % 104% 844, 944 89% 984h 1013 el 96% 93% 837 954 93% 83 93% 99% 84% 844 18% 20% 95% 4 103% 106 $6% 100% 100% 10044 110% 86 6% 851a 84 100 6915 90% 96k 943 104% 95'% 94% 96% 1027% 9915 87% 87% 1004 104 101% 115 684 116% 10474 91% Jergens UM Lyous 6s. Marseflle6s....... Mexico 45’04 asnt. Ch1 & W Ind cn 4s. C&WI5%s'62 CCC&StL5: CCC&StLrr6sA. Clev Term 5s SlC&s1stds 2s.. Colo & Sou 4%s. . Cuba RR 73%s Del & Hd 1st rf 4s. Del Hud cv 58 '35. . Del & Hud 5%s. Den & Rio G cn 4s. D& Rio G imp 6s.. D & Rio G Wst 5: Des M&FtD4s.. Det United 4%s Erfe 1st cons 4; Erie gen 4s. .. Erfe conv 4s B Erle conv 4s D. Fla EC5s'74. Gr Trunk sf db 6s Grand Trunk 7 Great North 5s... . Great North 534s. . Gr North gen 7s. .. GreenB& W db B. G Mob&N 5% sB '50 Havana ERL&P '50 Hud & Man ref 5s Hud & Man aj 5s. 111 Central ref 4s. . 111 Central 5 3. 111 C-C St L&NO 58 Int Rap Tran 5s. ... Int Rap Tr 5s stpd. Int Rap Tran 7s Int & G Nor 1st 6s. Int & G Nor aj 6 Towa Cent rf 4s. Towa Cent 1st 58 Kansas City S 3s.. Kan City Term 4s. Lake Shore 4s "2 Lake Shore 45°31. Lehigh Valcn 4s.. Louts & N uni 4s. Louis& N5sB.... Louts & Nash 5%s. Louts & Nash s Manhat Ry cn ¢s. Market St Ry 75 MIEIRy & L 58 M StP & SSM 6% MEK&T Ist 4s MK & Tad) 8 MK&Toprin o Pacific gel Mo-Pac 5s 19: Mo Pac 55 1965. Mo Pacinc 68 Mo Pac 6scfs.. Montrl Tm 1st 5: Montevideo 7 Netherlands Netherlands 6s '12 Norway 5%s wi. Norway 65 1943 Norway 6s 1944. Norway s 1352 Norway 8s. Orient Dev deb 6s. . Paris-Ly’s-)ed 6s. Paris-Ly's-Med 7s. Paris Orleans 78 Peruss. .. Poland 6540 Poland 8350 wi. Porto Alegre §s Prague T%s. ... Queensland 6s . Rio de Jan 85 1948, Rio de Jan 85 1947 Rio Gr Do Sul 85 Sao Paulo State 8s. Stof S Paulo Seine Dept cf 7s... Serbs Crot Sio 8s. . Sweden 5%s ct Sweden 65 Swiss Confed 8: Toklo 5s. . . Ud Kingm 5%s29. 30 Ud Kingm 5%s'37. 71 Ud Steam Cop-n 6s 11 Gruguay s. .. 2 109% Zurich 8s. 1 109% MISCELLANEOUS. Ajax Rubber 8s. 6 101% 101% Am Agr Chem 5s 5 102% 102% Am Agr Chem 7%s. 24 1027 Am Chainsf 6s°33. 8 984 Am Repub deb 6s 6 96% Am Smit & R 1st 58 43 99 Am Sugref6s..... 22 102% AmT& Tcltrés.. 55 97% AmT& Tecl trbs.. 65 101% AmT&Tstbs... 167 97% Am T & T deb5%s. 18 103% AmT&Tcv6s. 8 135 Am Water Wks bs. 31 95% Am Writ Paper 25 61 Anaconda 1st 6; 44 100% Anaconda cv db 7s. 40 101% Andes 78 25% pd.. 34 96% Armour & Co 413s. 89% Armour Del 5%s. 9415 Atlantic Refin 55 100 Barnesdail s f 88 106% Bell Tel Pabs..... 102% Beth Steel pm 58, 93 Beth Steel 5145 63. 7% Beth Steel s f 6 94y Brier HSt 1st6%s 100 Bkiyn Ed gen 5s...150 102 Bkiyn Ed 65 B. 105% Brooklyn Union 5s. 11 102 Bush T Bldg 55'60. 95% Cen Leth 6s 45 cfs 100% Chile Copper 6s. 107% CinG E5%s'62 104% Col Gas & El 68 100% Commonwth P 6s.. 7 102 Con Coal Md 1st 6. 16 81% Con G NY 6%s wi. 108% Consumers Pow 5s. 22 98% Cuba Canecv7s... 20 97% Cuba Cane cv d 8 3 100% Det Edison 65 °40.. 14 101% Dodge wi 6s <128 97% Du Pontde N 7%s. 31 106% DugL & P5%s’49. 7 105% Duquesne Light 3 106 Est Cuba Sug 7%s. 3 105 Empire G & F 7%s. 61 104% Fisk Rubber 8s.... 10 115 Francis Sug 7%s.. 2 106% Goodrich 6%s. ....110 106% Goodyear 85 1821.. 9 109% Goodyear 8s 1941.. 31 120% Hershey 65 1942. 8 1044 Hoe & Co 6% . 9 103% Humble O & R 5%s 30 102 Illinots Bell 1st 5s. 25 100% Tllinols Steel 4% 5 94% Indiana Steel 5. ] 10348 Int Mer Mari 2 86 Inter Paper 5s'47.. 13 92% Inter Paper 6 56 98 KCP&Lt5sA'62 24 99% Kan G & El 68'62.. 1 102% Kelly-Spring 101% Lackawa S 55°50.. 94 Lacl G ref 58°34... 2 101 Laclede G 5%s "53. 100% Liggett & Myrs 5s. 101% Lorillard (P) b 97% Louisv G & E 65’52 97 Manati Sug sf 7%s 100% Mid-Con 6%s, '40.. 98% Midvale Steel 53 91% Montana Pow 5s... 10 100% Mor's & Co 1-14%- 84 101 101% 115 895 99 107% 110% 101% 104% 95 98% 97% 98 98% 112% 1064 994 99% 104% 100% 105 99% 106 104 104 107 96% 114 89% 95 101 87% 9 117% 1100% 101\ 101% T @ Za8-8ea | New Or Term 4s NOTex&M58B NOT&Mb%s. N Y Cen gen 3%s.. N Y Cent 45 98 N Y Centdeb 4s. N YCentrlibs N ¥ Centdebsés. .. N Y Cent LS cl 3%e NYChi&StL5%s NYC&StLésA New Havd 48'57.. New Haven cd NY Ry N Y State Ry 4%s NY W & Bos 4% Norfolk & W cn 4s Northern Pac 3s Northern Pac 43 Northern Pac 5s Northern Pacr 1 6: Ore Short L ret 4s. Ore-Wash 1st rf 4 Pennsyl con 4% Pennsyl gen 4% Pennsyl gen bs. Pennsyl 58 ‘64 Pennsyl 6%s. Pennsyl gold Pere Marq 1st 6s. Por RL & P 65 '47. Reading gen ¢% RIATk& L 4%s. St L IM&S 4s°29. St L IM&S R&G 4 ..a-.-g.h. Seab'd AL 45 Seabd A L ret 4 Seab'd A L adj & Seab'd A L con 6 Sou Pacific 48 °29. . Sou Pacific ref 4 Southern Ry gn 4 Southern Ry 1st & Southern Ry 6ésct. Southern Ry 6%s Third Ave ref 4s. Third Ave adj 5i Union Pac 1st 4s. Union Pac 1st rf 4s. Union Pac 4s'27. Virginia Ry 1st 5s. Va Ry & P 18t 5s.,. Wabash 2d 5! Wabash 6%s'75 Western Md 4s. Western Pacidc 5s. West Shore 1st 4s.. Wheel & L E cn 4s. NYG EL H&P 4s N Y Tel 4% N Y Tel 65 °41. N Y Tel 68°49. 16 Otis Steel 7%s. Pacific Gas & El 5s. 37 PacT & T 6s’'52... 32 Pan-Amer Pete 6s. 133 Puu-Amer Pete 7s. | People’s Gas 5s. Phila Co 5%s'38.. 131 PhilaCoref8sA.. 1 Phila& RAC&I5s 12 Plerce-Arrow 8s. .. Public Service g £ Punta Alegre 7s Rep Ir & Steel bs. . Sinciair Oil 6s. Sinclair Ofl 6%s Sinclair Ofl 7 SinCOPL Sin Pipe Line 5s. Skelly Ol §%s. South Bell Tel §s., -maaaoau»., S Lottt QEEEEREN 5 nuaqu:«w@-. H 89 10644 | [ Utility i r‘J 20 div. “INANCIAL. 'TRADING IS HEAVY Concern Plans Expending | Of $100,000,000 By the Associated Press. PITTSBURGH, Pa., June 26.—A program calling for the expendi- ture of $100,000,000 in the next five years has been approved by the board of directors of the Phila delphia Co., which controls a large number of public utilities in west- ern Pennsylvania and West V ginia. Announcement of the board ap proval was made by President Ar- thuy W. Thompson at a celebra tion which marked the opening of the company’s new central building here. MORE ROADS REPORT INCREASED EARNIGS| Pennsylvania's May, Net Gains Over $630,000—B. '& M. Also Shows Improvement. By the Associated Pres NEW YORK, June earnings in May than the same month last year continued to be reported by various railroads. The Pennsylvania’s net operating income for the month increased more than $630,000 to $7. 647,618; the Reading Company gain- ed about $47,000, while the Boston and Maine had a surplus of $132,690 after charges, in contrast to a deficit of $34,367 a year ago. TODAY'S GRAIN PRICES. CHICAGO. June 26 (®) —Sharp new setbacks in the value of wheat took place early today. Liquidating sales based largely on favorable crop conditions Northwest were a weight on the market. Meanwhile absence of reports of actual damage by black rust had a deterrent effect on buyvers. The opening, unchanged to 13 lower July 152 to 1.52% 1481 to 149, was followed by de clines to 1.48% for July and 1.47% for September, with railies ensuing. which, however, failed to hold well. Corn prices showed an upward trend as a result of fairly active spec ulative demand. After opening un changed to 7s; higher, Septesber 1.03% to 1.04, the market reacted somewhat, but soon scored material gains all around. Oats were easy, owing to lack of aggressive support. Starting at i off to ' up, September 463 to 46% the market averaged lower. In line with hog values, provisions were stead: ) WHEAT— S a7 Close 1510 *ithe CLOTH MARKET STRONG. NEW YORK, June 26 (Special).— The market for cotton cloths was strong today and fairly active, with| 64x60s at 9% and 68x72s at 101 raw silk market was firm and prices | moved up 10 cents a pound throughout | the entire list, reflecting strength Yokohama. in BVTTEB LOWER TODAY. CHICAGO, June 26 (®).—Butter —Lower; receipts, 18,808 tubs: creamery extras, 41ad41l;; standards, 41%; extra firsts, 3%a40; fir: 3715a38; seconds, 34a37. Eggs—Unchanged; receipts, 14,618 cases. TS Washington Stock .Exchange | SALES Potomac Elec. Cons. 55—$1.000 at 100 $1,000 at 100, oGaDital Traction Co—35 at 99%. dshington Gas Light—3 at 60% 80%:°10 a1 61, 10 at 61, 10 at 61 61,18 at '61. 3 at 6l ' hington Rwy. & Elec. pfd.—6 at 83% rty National Bank—10 at 18715 10 at 10 100 at Li Continental Trust—10 at 8% Commerce _and Savings Bank— Janston Monotyne—10 at 831 est. pfd — puat wre. 100 at el 30 5te AFTER CALL oGesapeake & Potomac Tel —S$500 at 103 5s—$5.000 at Washington Gas 68 ' $200 at 102. $200 at I Capital Traction Co.—30 at 100 26. — Larger | and September | The | IN LOGAL ISSUES Capital Traction Touches 100 1-8—Southern’s Earn- ings Lower. ding was unusually active or Washington Stock kxchange tod resulting in a volume of sales, both in stocks @nd bonds, which has not been equailed in many da | was stronger, 60 selling at 1 Capital Trac on 9814 Chesapeake and Fotomac Telephon« | o 5s brought 100, in a block of $5.000. Fifteen shares of Washington Grq brought 60%. while 183 shares wer{ :;,l 'dv Washington Gas 6s change( ands in two blocks, $500 at 103'; ¢ lanc i at 1031 an{ In the unlisted department 20 share s); hapin-Sacks Corporation sal{ | | of | at Southern's Earnings Off. Southern Railwa ss favorable in May nth last year, | declining to §2,1 earnings than the 1et operating inc 'l 481 from $2,266 Gross revenues fell $2 $ 469,204, Net operating income for t} first five months, however, held a goo £ain over the same period of 19 the total of $12.072,154 compariny with $10.698,386. The Chesapeake anj ©Ohio had a good month, net operatin t income gaining $831,466 Two Banks_Vote Dividends. The National Capital Bank Washington has declared_the usuai semi-annual dividend of per cent and an extra dividend of 2 per cent, {payable June 30, 1925, The regular semia of 5 per cent on the |the Seventh street {been declared. p: wer g me nual di s5t0c dend 1, | stockholders of record June 1. C. C. Allows Bond Issue. Over the protest of Eastman, the Atla was permitted today by the In Cammerce Commission to sell $200,000 of in other recent ca sale of particular securities, Comm held that the price {should be fixed b | ding and not by priv jers. iss types sioner f the sec compet 8 1 railroads from January [mx.« year to June 1 placed in servic 70,949 freight cars, accord ng to re- ports filed today rriers with ,rhe American = Railway {here.” This was a r cars over the number installed dur ng sponding period last year 4,1 the total number installed ¢ i were {over “box « the mber ] during the same period last year Gain Seen in Tax Cut. “The proposed tax cut should prove {a stimulating influence,” | Weekly Review of Financial tions. “Stocks as w s bonds should be benefited, because when there |a plethora of « the stock market grav ¢ including the the United St Sstrong municipalities, are u be depressed at all, because any 'tax reduc n would increase {than diminish the amount of seeking investment ‘orporation bonds, however, should be benefited to the extent the taxes {are reduced. because the these virtuaily include lalowunc covering Federal taxes, with the re sult that the decrease of the taxes |actually increases the net yield to investors. 3 bonds of s for Bankers Have Fine Luck Andrew e harles R. ( R and John H. lnpp of the Wasl {ton Loan and Trust Co.. have {turned from a three weeks' vaca at Tarpon, Fla They say betwe jand 60 of huge tarpon were caught by the party. Unlisted Securities Prices. Present quotations on local unlisted securities follow: BONDs president nt tr 100 at 100. 50 at 100. 10 at 100. 50 at 100, 10 at | 100, 10 at 1001 Capital Traction 5s—$500 at 981 Potomac Elec. Cons. 55—$2.000 at 1007 ED DEPT. ggChapin-Sacks 8% pfd.—i0 at 08. Money—Call loans. 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s. . . ‘American Tel. & Telga. $iss. Am. Tel. & Tel. ctl. tr. Bs.... 1 Am. Tel. & Tel. conv. 6s.."" ) 1 Andcostia & Potomac bs & Fotomac zuar. 5 f Telephone Bs.. - P Telephone of Va. 5s.. Caditai Trason B R 36 ity & Suburban 5t s 303005 300 333225233 EEErd {medium weight fairly ash’. Balt ashington | MISCELLANEOUS Pot. Joint Stk. Ld. Bk. bs Rixgs Realty 5s (long).. ... Rixee Realty 5s (short) Southern Bidg. 6 las. Wash. Mk, Coid Storage Wardman Park Hotel 6s STOCKS. PUBLIC UTILITY. NATIONAL BANK National Capital . : Columbia ...... Commerciai . District . tional xumuumm Rigxs . Second ' Naf National Bank of TRUST COMPA! American Security & Trust ‘Trust 18 Wuhumma Loan’ & Trust.. 401 SAVINGS BANK. Commers & Saving 3 East_Washington Security Sav. & Col Venth Street. nited States. Washington Mechani FIRE INSURA er American Corcoran Firemen's National Union . i6 TITLE INSURANCE. Columbia Title... ... I 5145 Real Estate. MISCELLANEOUS. D. C. Paver.. uorvhmu‘ Tnm & Storag L T ld Dutch Market com fich Market i iheton Monotype ° Security Storage Wasnington” Marke v, f $2% exira div. * Ihigher; Co 10 at} & | Chrfetian Heurien_ Bro | Departmental Bank District Title Ins Co [. { Franklin_National Bank Mungey Trust Co North Capitol Savinzs Bank Northeast Savinge Bank. . Park Savings Bank Potomac Savings Bank . . ‘Ral»mn Hotel Co. | Washington Title ins. €o | Washington Base Ball Club Woodridge & Langdon S. B 3 ‘CHICAGO LIVE STOCK MARKET 11| _CHICAGO, ; | Department "of June (United Agriculture). 22,000 head: best States Hogs— light and active; steady weighty butchers packers talking on {droves; bulk desirable 140 {pound kind, 13.23a13.35: best 200-pound _averages. " mo : 0-pound averas 3 13 11 ! Receipts, to 10 higher; 1 mixed to 1 18) Tower packing s pigs scarce steady: best kinds, 12.50a13.00; averag cost of packer and shipper droves o hoss here Thursds weight, {243 pounds: heav 113.65; medium, 12.75a13.65 a13.60; light light, 11.85a13.3 ing hogs, smooth, 11.90al | nogs, rough, 1 | pigs.’ 11.50a13.00. Cattle—Receipts, 4,000 |even; generally steady on ing classes; some weakness on in between grades, yearlings and grass 12.60 paid for medium weight | fed steer: several loads above 12.00; 30 paid for 959-pound year! new high on current age of big welght stee rough 1,632-pound averages, 1 bulk better grades fed steers, weights, 11.00a12.25; milk-fed Texas, {1065: plain grassy Texas, 7.00 and below; choice heavies kosher cows to shippers, upward to 9.50; most fat cows, 5.50a7.50; heifers, 8.00a9.50 strong weight cutters, 4.25 and better weighty _canne: 350a3.60; heavy bologna_bulls, beefy kind, 5.60 and better; vealers strong: spots packers paying upward to 11.50; mostly 10.50a11.00. Sheep—Recelpts, 10,000 head: far lambs active, steady to strong; sheep generally steady; prime Idaho lambs 17.10; bulk desirable natives, 16.254 16.50; odd lots fat_native ewes, 6.50 a7.50. packing ughter head: un most kil 60; some — - - STEEL PLANT ON FULL TIME. BALTIMORE, June 26 (Special) — The Sparrows Point plant of the Bethlehem Steel Corporation is re- ported operating about at capacity, as against an average of 65 to 70 cent for the industry as a whole. plant of the Bethlehem Ship Building Corporation, however, is less busy, activity being confined entirely to we- pairs.