Evening Star Newspaper, June 29, 1925, Page 20

FINANCIAL. STOCKS IN VIOLENT BREAK AT CLOSE California Earthquake and Higher Call Money Are Leading Factors. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, June 29.—A very sharp break occurred in the stock market during the late afternoon to- day, directly due to the news of the earthquake in California. This was supplemented by a rise in call money to 6 per cent, the highest since the Autumn of 1923. Wall Street recalled the unpleasant developments which came with the San Francisco earthquake and fire in 906. It had no idea, of course, that the two situations were comparable, but it did have in mind the fact that the oil companies, some of whose shares are dealt in on the Stock Ex- change, have large properties in the affected district. Oll Stocks Lead Break. Oil stocks were the ones most ur- gently sold, Pacific Oll, California Pe- troleum, General Petroleum, Asso- ciated Oil, Marland and Mid-Continent Petroleum. United States Steel, which had not done well early in the day, broke for a time rather easily. Under 114 it was off over a point. Southern Pacific as a representative California road, was heavily sold, and Unlon Pa- cific weakened, while an upward move which had started earlier in Western Pacific was quickly checked. Early Advances in Tires. United States Rubber led its group, the stsock crossing 51 for the first time this vear. The advance in Lee Rubber, also to a new high, followed buying of the stock last week, which Wall street regarded as significont. Goodyear preferred made a new and the movement took in Fis. Goodrich. Sugar stocks were inclined to do better, especially Cuba Cane pre- ferred. This was not due to any de- velopments in the sugar industry, but rather to the belief that the sugar market itself has discounted the worst. Southern Common Jumps. On the decision against the Southern Railway preferred shareholders in their claim for back dividends, the common stock rushed up to a new high above 93. It has been said all along that the uncertainty on this score was the only thing which was keeping back higher dividends from Southern Railway common sharehold- ers. The preferred stock opened down sharply, but subsequently rallied. Some of the other rails were strong- er, notably the Seaboard Air Line and St. Louls-San Francisco. Motor Wheel Stock Soars. Right at the opening Motor Wheel Jumped up 8 points on the sale of 4,000 shares. This was followed by a sharp setback, but later the stock moved for- ward again. There were new highs for du Pont debentures, Woolworth, International Railroad of Central America, Simmons, Refs common and first preferred, General Electric spe- cial and the Newport News and Hamp- ton issues. The common stock of the last named gained nearly 9 points and the preferred 6. The advance kept on in Yellow Cab and in Freeport Texas., Unusual activity at higher prices char- acterized the operations in Park & Tilford. Copper stocks were brought forward on reports of a slight advance in the price of metal. Cerro de Pasco at one time was up over a point, and Chile three-quarters of a point. Ken- necott gained a half point. How highly speculative the 10-point advance in American Can had been on Saturday was clearly demonstrated today when the stock sold several points below that level much of the time. Plerce-Arrow stocks were prominent among the motors, making further response to the last favorable earn- ings report. It appears that the steady improvement in the truck and motor bus divisions of Plerce-Arrow's business has been largely responsible for the good showing. & MARKET CLOSES WEAK. Pools Lose Control in Heavy Wave of Late Selling. NEW YORK, June 29 (#).—Uneasl- ness over earthquake disturbances in California and Montana and a rise in call money to 6% per cent, the high- est rate since 1923, caused a sharp break in stock prices today. Heavy selling broke out in the late dealin dissipating the effects of constructive pool operations earlier in the day. Sales approximated 1,200,000 shares. The closing was weak. Active sell- tng for both accounts, inspired partly by reports of heavy damage in the California earhquake, broke out in the final hour. Paclfic coast stocks, not- ably the oil shares, declined 1 to 3 points. American Can extended its break to 6% points and losses of 1 to 5 points were registered by Havana Electric, United Fruit, General Elec- tric, United States Cast Iron Pipe and du Pont Markets at a Glance New York—Stocks lower; American Can breaks 6% points. Bonds irregu- lar; rail issues lower. Foreign ex- changes mixed; Danish and Norwegian kroner at new highs. Cotton steady: bullish private crop advices. Sugar higher; trade buying. Coffee lower; increasing arrivals. Chicago—Wheat weak: increasing receipts. Corn lower: sympathy with wheat. Cattle irregular. Hogs lower and active GOOD DEMAND PREVMLS FOR MARYLAND TOBACCO Rain Gives Farmers First Good Chance to Set Out Plants for Next Crop. Special Dispatch to The Star. BALTIMORE, June 29.— Receipts of Maryland tobacco at the State tobacco warehouse last week were £46 hogsheads, and sales totaled 440 hogsheads. A good demand prevails for all but the rough and greenish grades, while some yellow tobaccos also remain neglected. Crop prospects were improved by the rain last week and which gave farmers in southern Maryland the first good opportunity this month to set out tobacco. Prices in Maryland per 100 pounds: Interior and frosted, firm leaf, 4.00a 9.00; sound, common and greenish, 10.00a15.00; good, common, 16.00a 25.00; medium, 26.00a35.00; good to fine red, 36.00a53.00; fancy, 54.00a £5.00; seconds, common to medium, 6.00a.20.01 seconds, good to fine, 31.00a35.00, and upper country, air cured, §.00a8.40. GRAIN EXPORTS LARGER. Grain exports from the United Etates last week amounted to 2,897, 000 bushels, against 2,367,000 the previous week, Commerce Depart- ment figurestoday yevealody T HE EVENING STAR, WASHINGTON, D. C, MONDAY, JUNE 29, 1925. NEW YORK STOCK EXCHANGE | |BONDS BIT LOWER | Corewvomc BONDS srock sxcavc] Received by Private Wire Direct to The Star Office Abitibl Pow (4). Adams Exp (8). Adv Rumley. ... Ahumada (1).. Alr Redue (4). Ajax Rubber 3 Alaska Junea . Allied Chem (4). Allied Cm pt(7). Allls Chalm (6). Am AgriculChm. Am Ag Chm pt.. Am Bosch. Am Brk Shoe(5) . Am Can (17) Am Can pf (7) Am Car&Fdy () AmC&F pf (7). Am Chain A (3). Am Chiecl Am Chicle ctts. . Am Drug (60c).. Am & For Pow Am&F Ppf (7). Am Hide & Ipf.. Am Ice (7) Am Internatl. ... Am La Fran (1). Am Linsd pf 334" Am Loco (118).. Am Loco pf (7). Am Radiator (4) Am Safety R (3). Am Ship & Com. . Am Snufr (12) Am S & Ref (8).. Am 8tl Fdys (3). Am Sugar . Am Sumatr Am Sumatra pf.. Am Tel&Tel (9). Am Tobaceo (7). Am Toba B (1).. Am Type pf (7). Am WW&EI 1.20, A WW&EI pt(6). Am W W 1st (7). Am Woolen Am Wool pf (7). Am Writ Pap pf. Anaconda (3). Ann Arbor. .. Archer-Danfels. . Armour Del (7). Armour I11 A(2). Asso Dry G(2%) Asso Ol (2). Atchison (7). Atchison pf (5).. At Birm & At. .. AtlGulf & W I Atl Gulf & WI pf Atlantic Refing.. . Atlas Powdr (4). Atlas Tack. . Auto Knitter Baldwin L (7). Balito & Ohlo(5). Bal& Oh pf (4).. BarnsdallA..... Beech Nut(2.40) . Bethlehem Sti. .. Briggs Mfg(3%) British Emp 2d. Bkl Edison (8) Bki-Man Tran Bk-Man T pt( Bkl Union G(4).. Brown Shoe (4). Brunswick (3.60) Burns Bro (10) Bush Terminal. . Bush Ter de (7). Butte Cop (50c). Butte & Sup (1). Butterick Caddo Central. .. Cal Packing (6) Cal Pete (1%). Callahan Zine Calu & A (12%). Can Pacific (10) Cent Ieather.... Cent Leather pf. CRRNJ (112). Cerod Pasco (4)- Certain-Teed (4). Chandler (3).. Ches & Ohio (4 Chi & Alton pf. Chi & East 111 Chi Great West.. Chi Gr West of Chi Mil & StP Chi Mil& StP pf. Chi& Nwn (4). Chi RI& Pac CRI&P pf ( C StPM&ODL (5) . Chi Yellow C (4) Childs (2.40)... Chile Cop (2%).. Cluett Peab (5).. Coca-Cola (7). Col Fuel & Iron.. ColG & E (2.60). ColCarbon (4) . Com Inv (2.50) Congolium (3)... Consol Cigar. Con Cigar pf (7). Consol Distribut. Consol Gas (5) Consol Text Cont Can (4).. Cont Insur (6) . Cont Mot (80c) Corn Prod (2)... Crucible St1 (4). Cuban Cane Su Cub Cane Su pf. Cub Am Sug (3). Cuban Domin. ... Cudahay Pkg (1) Cushman's (3). Dantel Boone Davison Chem. .. Deere&Co pf(5).. Del & Hud (9) . Del L & Wn(17). Detroit Ed (8)... Dodge Bros CLA. Dodge pf (7).. Dome Mines (2). Doug Pectin (1). Dupont (10). ... DuPont deb (6).. Eastman (18). Eaton Axle (2) Elec Powr & Lt.. EIP&LpPf(T).. E P&L full pd(7) E P&L pf 40%pd Elec Str Bat (4). End-John (5) Erie RR. Erle 1st pf. Erfe2d pf....... Exchange(13).. Fairbks (2.60)... Famous Pl (8). Famous Plrsrts. Feder Lt (11.40). Fisher Body (6). Fisk Rubber. Fisk 1st pf (4) . Fleischmann (4). Foundation (8).. Freeport-Texas. Gardner Motor. . Gen Am Tnk (3). Gen ATC pf (7). Gen Asphalt. Gen Asph pf (5). Gen Cigar (8).... Gen Electric(8). Gen El spec 60c. . Gen Motors (6).. Gen Mot pf (7) Gen Petrm (2) ... Gen Ry Sig (6).. Gimbel Bros. Ginter (1%). Glidden Co. Goodrich. Goodrich pf (7). Goodyear pf (7). Granby Consol. . Grt North pf (5). Gt Nor Ore (1) Grt Wstn Su (8). Guantanamo. Gulf Mo & Nor. GuM& Npf (8). Guif States 8(5). Hartman (2%).. Havana Elec (6). Hayes Whi (3) Hl W pt(T%). Houston Oll. Howe Sound Co.. Hudson Mn 2%.. Hud Man pf (6). Hudson Mot (3). Hupp Mot (1). Illinots Cen (7).. Indep Ofl (1) Ind Ofl rights.... Indian Motorey . . Inland Bt(3%)... Open. High. Low. Close. 67% 67% 6% 92 16 11 . 102 15% 1% 91 119% 82 18% b52% 85% 108% 196% 120 o 100 126% 23% ba% 62 5% 41% 90% 0% 110 3414 12% 70% 113% . 120 94% 56 8% . 142% 105 39 64 8% 81 141% 95% 94% 107% 62% 1074% 99 36% 8 34 384% 30 321 967 23% 52 38 ‘1184 947 a4 B52% 5l 111% 49% 11% 2 L 111% 76% 6414 2419 674 394 41% % 1348 51% 80% 88% 94% 24% 101 18% 874 5% 12 18 K] 113% 29 2% 4815 145 17% 58% 288 517% 48% 37% 94 814 33% 11% 25 9 16% 644 44% 934 92% 49 57% 331 60 116% 40% 64% 48 64 26% 38 84% 8% 87% 3 66 115% 10% 56“ 28 96 81 28% 179 37% 104 37% 75 18% 82% 1% 64% 18% 112% 38 Kl 17 40 92 15 11% 102 15% 1% 91 119% 82 18% 52% 86 104 197 120 100% 126% 23% bd% b52% 6 434 90% T0% 110 37% 12% 71 118% 120 95 56 8% 142% 105 39 64% 8% 81 141% 5% 954 107% 63 107% 99% 36% 8 3% 89% 30 3214 9718 23% 52 38 118% 95 4% B2% 1% 111% 49% 11% 2 12 6% 6414 24% 67% 39 41% % 184% b61% 8078 88" 94% 256 101 18% 874 5% 12% 19% &) 113% 29 2% 4813 145 18% 60% 288 52% 48% 3% 94 814 334 11% 25 9 16% 65% 444 934y 94% 49 57% 34 60 116% 40% 64% 48 64 25% 39 844 9% 46 98 5213 95 874% 289 11% 854 113 58 168 5% 38% 204 53% 98Y 1047 14% 69% 277% 107 5 28 961 82% 28% 179% 3% 104 3% 5 18% 32% 1% 844 19 112% 38 "A 17 40 92 15 11 101 18% 1% 89% 119% 81 1% 50% 3439 103% 191% 120 99% 125% 23% b53% b2 5% 41 90% 70 109% 344 1215 0% 112 120 94 56 8% 142% 108 3814 63% 8% 80 141 95% 9414 1074 67% 92 15 11 351 16% 39 102% 5 32% 71 193 | 102 16 40 8414 120% 17 9% 46 98 511 95 861y 2857 11% 827 1125 5648 1651 57% 37 19% 53% 98%; 1041 14% 68% 27% 105% 5 28 96% 82 28% 177 36% 104 374 3% 18% 82 1w 63% 181 12% 374 Inspir Cop (50c) Interb Rap Tr. Internat Agri... Int Bus Mac (8) Int Mer Mar pf. Int Nickel Int Paper. . Int Shoe (5). Jewel Tea... Jones Bros Te Jordan Mot (3) Kayser (J) pf(3 Kelly-Spring. Lee Tire & Rub. Int Cement (4).. Int Cement rgts. Int Com Eng (2). Internat Har (5). Int Mer Marine. . Open. High. Low. Close. . 25% 27% 124 . 121 62 2% 4“ 105 33 Int Paper pf (6). Intl Paper pf(7). Int Ry Cent Am. Int Ry CA pf(5). Int Tel & Tel (6) Intertype (11%). Kayser (Julius). ) Kelly-Spring pf. Kennecott (3)... Keystone T & R. Kinney G R (4).. Lehigh Val(3%). Liggett & M(f4). Lig & My B(t4). Lig & My pf (7). Loews Inc (2). Lorillard (3).. Louistana Ofl. .. Ludlum (2).. Mack Trcks (8) Mack T 1st (7). Magma C (75¢) Mallison & Co Manati (5). Manila El (2%) Maracaibo Oil Market Street Market St prior Market St 2d pf Marland O(75¢c). Mathieson Alka. May Dept St(5). Metro Ed pf (7). Mexican Seabd. . Miami Cop (1).. Mid-Continent. . Mid-Cont pf (7). Middle States. . Midland P pf(+9 Mis Kan & Tex.. MK&Tpt (5).. Missour! Pacific. Missouri Pac pf. Mont Power (4). Montzom Ward. Moon Mot (3). Motor Whi 1.60. Nat Biscuit (3). Nat Dairy (3)... Nat Dpt Stores. . Nat Distillers. .. Nat Enamel & S. Nevada Copper. . Nwpt U Gas (5). Nt N G&E pf(7). N Y Afr Br (4).. NYAIrBrA(4). N'Y Canners(2). N Y Central (7) N Y Dock. N Y Dock pf (5). NY NH & Hart.. NY On & Wn(1). N Y State Rys Niag F pf(1%).. Norf & West(7). North Am pf(3). North Pac (5)... Orpheum (1.80). Otis Elevat (). Otls Steel. Otis Steel pf Owens Bot ( Pacific Gas (8).. Pacific O11 (3) Paige Mot (1.20). Park & Tliford. . Penn C & Cke. . Penick & Ford Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Feoples Gas rts. Pere Marq (4) Pere Mar pf (5). Pere M prior(5). PhlaCo (4)..... Phila& RC&I. Phillip Morr Phillips Pet Pierce Arrow Plerce Arrow pf. Pierce O1l. . Plerce Petrol. Pitts Coal. . Pitts Ut pf $1.20. Pitts & West Va Postum Cer (4) Press Steel Car. . Prod & Refiners. Pub Ser N J (5). Pub S N J pf(8). Pullman Co (8) . Punta Al Su (5). Pure Oil (1%) Radio Corp of A. Ry Stl Spg (8).. Ray Cons Cop... Reading (4) Reading r Readin Robert Rels. Remington Type Replogle Steel. Rep Ir & Steel Reynolds Sp ( Rossia Ins (6). Rossia rt: Royal D (4.423%) StL & San F(5). St L Southwest Schulte (*8).. Seaboard Air L. Seabd Alr L pf.. Seagrave (1.20) Shell Un (1.40). { Shell Un pf (6). | Simms Pet (1). Sinclair Ofl..... Sinclair pf (8). Skelly Oil. ... Southern Ry (5) Spear&Co pf(7). Spicer Mfg. Spicer pf (8) . Std Gas & E1(3). Stand Mill (5) IstonNJ (... StOIINJ pf ( Std Plate Gl Stew-Warner (5) Studebaker (4). Submarine Boat. Superior Oil. . ; Superior Steel Symington. Telautogph 25¢. ‘Tennessee Cop.. Texas Co (3). Tex & Pacific. Tide Wat Oil(4) % | Tobac Prod (6 16 40 Tob Prod A (7 Transcont Oil.. Sears-Roebk (6). Shattuck FG(2). Simmons Co (2). South Port S (6). South Pac (6)... South Ry pf (5). St Ofl Calif (2).. s. . Sterling Prod(4) . Symington A(2). Timken R B(14). Man Shirt (1%). Malin-Rock (1).. Martin-Pry (4).. Maxwell (A)ctfs. Maxwell(B)ctfs. Metro G pf(1.89). ) Mother Lode Tic. NY Steam pf(7). North Am (3.40). Oppenhelim Col. . Pac Coast 2d pf.. Packard (11.70). Pan-Amer (6)... Pan-Amer B (8). Pro& R pf(33%). Pub Se E&G pf 6. Put Serv NJ rts. Radio C pf (3%). Rand Mines 1.79. 2d (2).. Reis Robt 1st pf. Rey Too B (3). St Joseph Ld(2). StL San F pf(6). 168% 65 24 102% 45% 244 22% 93 21% 71 99% . 99% 843, 89 59 44% w117 11% 64s 69% . 48% . 8% 415 28 15% 21 12% 10% . b1k Tex Gulf S (7%) 112% Tex & PacC&O. .. AT% 15% - 141 41% 83% 101% ™“ 25% 27% 134 121 62 2% 44% 105% 8 38 29% 68 8% BO% 26 65 150 17 25% 18% 17% 43% 31 9574 19% 67 51% 25 82 1% 81 64 63% 120 29 347 184 111% 38% 179% 109% 104 128% don 101% 25% 27% 124 121 62 2% 423 1054 8 314 29% 651 8% 89 24 64 149 114 23 18 17% 42% 30% 95% 18% 66% 50 2% 81 o 114% 49 25 45 94 68 5 113 137% 39 29% 53% 49% 123 37 127 25% 2% 13 121 62% 2% 43 105% 8 31% 29% 67 8% 89% 26 65 150 116 25% 18% 17% 42% 31 96% 18% 67 114% 49 94 6814 K 113 1 39 204 54 4974 1 37 13 84 7 108% 3013 40% 154 168 63 23% 102% 458 23% 22 93 27 71 98 97 84 89 2044 102% 51% 76 58% 44 117 11 641 674 47 8% 4 23 15% 21 11% 10% 50% 110% 15 47% 141 41 81% 101% 17% 39% 251 904 73 134 44% 974 76 85 3% 51t 6 79% 84 45% 108% 31% 407 16% 169 63 28% 102% 45% 23% 221 93 2T% 71 98 9T% 85 89% 201 102% 52 76 58% 44 17 1% 64% 67% 4% 8% 44 23 15% 21 1% 10% 5l 110% 15 4T% 141 41% 81% 101 | securities IN TRADING TODAY Hérdening of Money and July Settlements Cause of Narrow Market. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, June 29.—In general, bonds maintained their prices fairly well at the start of trading for the week, but activity was on a smaller scale. French bonds sagged, although offerings were not heavy. The 8s made new lows on this decline and the 7s were heavy below 90. The 7s first seemed to have better support. Attempts to test the market were made by the traders selling the bonds for delayed delivery, a hazardous oper- ation, in view of the support which the sinking funds bring to these French bonds in times of market de- pression. U. S. Bonds Irregular. United States Government bonds moved irregularly. The fourth 4%s were in better relative demand than the others. High-grade rails which showed fractional gains were Atchi- son general 4s and New York Cen- tral 5s. As far as could be seen the firmer tone for commercial paper was with- out effect upon the bond market. There were no indications of bank selling im volume. It was pointed out that the banks were now carryving in almost record amounts and that the market would have to stand 4 good deal of pressure when commercial demands forced liquida- tion of investments. Tractions Also Uneven. Among the tractions Interborough refunding 5s reacted rather sharply while Brooklyn Manhattan Transit 6s were holding their ground. Evident- lv the market was mapping its course by earnings rather than by expected political developments. New Haven and St. Louis-San Francisco obliga- tions were the most active among the rails, but with small net change. Of the days's new issues, the $13,000,- 000 Hotel of Chicago, first mortgage 6s were quickly sold. Other new offerings included an additional $16.908,000 Kansas City Terminal Railway first 4s to yleld about 4.80 per cent and $4,663,000 State of Ala- bama 4s and 433s bonds, the 4s at 99, and the 41:s to yield 4.15 per cent. STOCK TRANSFER MADE IN SILK FIRM DEAL NEW YORK, June 28 (P)—M. M. Beldin, president of Belding Bros. & Co.. silk manufacturers, announced today that plans had been completed for l'?n“flgmf( control of the com- pany to a banking group headed b Edward B. Smith & Co. Apvroll’-’ mately 75 per cent of the outstand- ing stock will be delivered to the banker, who will reoffer it to the public. SEABOARD’S .EARNliGS AHEAD OF LAST YEAR Epecial Dispatch to The Star. BALTIMORE, June 29.—The Sea- board Alr Line Railway Co. reports net revenus of $3,796,979 for May, an increase of $173,647 over the same month last vear. For the five months of this year net revenue totaled $6,203,196, or, $625.957 more than the aggregate for the corres period of 1924. poncine Total operating revenues for Ma were $4,207.459, and for the five months $25.552,793, the increases over 1924 being $602,123 and $1,863,- 685, respectively. FRANCE IMPORTS MOST GOODS FROM ARERICA NEW YORK, June 29 (#).—Official figures of France's forelgn trade in April, received by the Bankers' Trust Co. of New York, reveal a surplus of exports over imports of 506,778,000 francs. This represents an increase of 51,232,000 francs over the favora- ble balance for February. In the first four months of 1925 France imported more goods from the United States than from any other country, the value being placed at 2,202,070.000 francs. Great Britain held second place. NEW STOCK ISSUE SOON. NEW YORK, June 29 (f).—Public offering will be made shortly of 0,000 National Public Service rporation 7 per cent cumulative series A preferred stock. Each share entitles the holder to purchase one share of class B stock at $20 a share until July 15, 1926. — e 26 66% 4344 46 % 381y 1389 5% 127 25 93 1254 218 30 81 159 33% 35% 86 114% 130% 52% 104% 36% 45% 115% 124% 5418 34% %5 28% 20 % 16% 119 16 29% 87 49% 16% 63% 13 10% 4% 1% 1324 102 1% 11% 23% 16 30 2% kil 45% 8% 21% 108% 144% 40 20% Transue & W(2). Twin City (4)... Underwood (3).. Un Bag & Paper. Union Oil (1.80). Union Of1 (1.30). Un Pacific (10).. Un Pacific p£(4). Un Tank Car(5). Jtd Alloy Steel. . Utd Cigar(+3%). United Drug (6). Utd Fruit (10) Utd Ry Invest... Utd Ry Inves pf. USCastlIronP.. U S Distributing. 26% 66 43% 46 bl 38% 138% 764 127 25 91 123% 213 30 81 157 33% 34y 86 114% 130% 495, 104% 36% 45% 114% 12¢ b4y 34% % 28% 20 4 15% 119 15% 29% 66% 49% 15% 62% 13 19% 43% 25% 66 28 66% 43% 46 L 38 46 % 87 5% 25 89 30 157 Smelting(3) . Smpt (83%). S Ste (11311 U S Steel pt (7). U S Tobacco (3) . Universal Pipe. . Univer P pf (7).. Vanadium. Van Raalte Va-Caro Ch Va-Caro Ch pf... Va Ry & Power.. Vivadou. ‘Wabash pt B... Waldorf (1%) ‘Ward Baking B.. West Maryland. . ‘West Md 3d pf Westn Pac (5a) . Wesn Pac pf(6a) 91% West Unlon (7).. 132 West Air Br (6). 102 Westinghse (4).. 71% ‘Weston Elec..... 11% Weston A (2). 23% Wheel & L Erfe.. . 16 Wheel& LEpf.. 30 White Eagle (2). -27% White Mot (4)... 72% ‘White Rock. 45 Wickwire ctfs. 3% Willys-Overld... 21% Willys-Od p£(7). 108% ‘Woolworth (3).. 141% Worthn Pump... 40 ‘Wright Aero(1). 29% ‘Wrigley (13%). 50% Yellow C (2.52).. 48 48% fPartly extra, $Pasable in Recelved by Private erc Direct to The Star Office. UNITID STATES BONDS. (Bales are in $1,000.) Sales. High. Low. Lib3%s... 109 1011 10131 Lib1st4%s 56 10223 102 18 Lib 2d 4% 88 10115 101 12 Lib3d 4%s. 117 101 30 101 24 Lib 4th4%s 1563 1033 10231 UB4s1944. 14 10831 108 20 US4Ys'52 29 10727 10722 FOREIGN. Sales. Hieh. Low. Close. 2 85% 8bh% B85 86% 96% 964 96 96% 95% 96 96% 96 103 102% 103 984 98% 99% 100 85% 85% 92 92 98 98 108 108% 107% 10714 109% 109% 94% 95 83% 83% 82% 82% 97% 97% 100% 100% 102% 102% 103% 103% 102% 102% 101% 1013 102% 1024 107% 107% 41 41 99% 99% 91 9% 98 o514 101% 1014% 99% 99% 99% 99% 110 110 103 108 110% 110% . 99% 99% 99% 99% 4 101% 101% 101% 1012 104% 104% 85 85 94 94% 92% 93 89 89% 98 98 100% 100% 874 88 96% 96% 934 935 84N Bdm 964 86 93% 94 99% 83% 844 204 33% Close. 100 31 10218 10112 101 24 103 2 108 20 107°25 ° Argentine bs. . Argentine 6s wi. Argentine 65 A Belgium 7%s. Belgium 8, Canada 58 1952. ... Canada 6%s1929. . Chile 7x 1943. Chile 35 1926. Chile 85 1941 Chinese Gov Ry n, Christiania Con Pow Japan Copenhagen 6%s. . Cuba 6%s. .. Czecho 85 1951. Czecho 88 1962 ct. . Danish Munio 85 B. Denmark 8 DEIb%s Mch 53, DEI6%s Nov '83. Dutch East I Dutch East I Ei Salvador Finland s f 6s Finlands 7s Framerican 7%s French 7s Hungary 64s. Japanese 6% Jergens U M 6347, Lyous Sesia. Marseille 6s Mexico 45’10 asntd Mexico 5s assented Montevideo 7s. .. .. Netherlands 6s '54. Netherlands 6s '72. Norway 5% s wi. Norway 65 1943. Norway 65 1944. Norway 6s 1952. Norway 8s.... Orient Dev deb 6 .137 1 3 11 17 2 Prague 1%s Queensland : Rio de Jan 85 1948. Rio de Jan 85 1947 Rio Gr Do Sul 88 Sao Paulo City Sao Paulo State $s. St of S Paulo rt; Beine Dept cf 7, Serbs Crot Slo 85 Sofssons 6s. . Sweden 5%s ct 87% Bdk% 100% 104% 101% 115 116% 104% 1097 MISCELLANEOUS. Ajax Rubber 8s.... 24 1021 102 Am Agr Chem 5s 103 102% Am Agr Chem 73%s. 37 103 102% AmChainsf6s'33. 8 98% 95 Am Smit & R 1st b3 98% 98%% AmSmit&R 6s 107% 1073% Am Sug ref 6s. 102% 102% AmT & Teltr 9% 974 AmT&Tecltr 101% 101% AmT&Tst6s 97% 97% Am T & T deb 5 %s. 103% 103 AmT & Tcvés 184% 134% Am Water Wks bs. 95% 95% Am Writ Paper 6: 61 61 Anaconda 1st 6, 100% 100% Anaconda cv db Ts. 101% 1014% Anides 78 25% pd 964 954 Armour & Co 4% 89% 894 Armour Del 5% 8. 9% 94k Asnoclated Oil 102% 102% Atlantic Refin 58 9% 994 Barnesdail s f 8s. 105' 1054% Beli Tel Pa 5s. 102% 102 Beth Steel pm 6s... 92% 92% Beth Steel r{ 6s. ... 95" 957 Beth Steel 5345 53. 87 87 Beth Steel s { 94% 94 Brisr H St 1st 100 100 Bklyn Ed gen6s... 1 1018 101% Bush T Bldg 68 '60. 96% 96% Call” Pete 6%s. ... 103% 1034 Cen Leth 6345 cfs 100% 100% Chils Copper 6a. 107' 107% Col \ias & El5s. . 101% 101% Comimonwth P 101% 101% 81% 81% 103% 108% 9T% 974 107% 107% 107% lO'IK T 91 106% 105% 106 105 104% 115 4 106% 106 109% 120% 104% 103% 1024 101 1 103% 86% 92 9% 99% 102% o1 Ud Kingm 5% Ud Kingm 5%s 'l'l )6 Zurich § > p PUTL-3-JOIVIN 1 PPN TSP o) Contumers Pow Cuban Am Sug DuqL&PE¥%s Duquesne Light Est Cuba Sug T48. Empire G & F 7%s. Heraliey 65 1943... Hoe & Co 6% Humble O& R 648 Illinots Bell 1st bs. Indiana Steel 5s. . Int Mer Mari: Inter Paper 5 KCY &Lt5sA's3 Kan G & B16s°53.. Keystone Tele 5s.. Lackiwa 8 55 °60... Laclede G 5%s '53. Lorillard (P) 7 Louifv G & E 55°52 Manstl Sug st THs M1d-Con 838, "40. . Midvale Steel bs. .. Monthna Pow bs. .. Mor's & Co 1st 4%8 Nat Tube 1st bs... New Zng Tel 58... NYFdbs'ddw N Y Eden1sté NYGELH&PS [N Y Vel 4%4s. NY Tel 6s Il N b & North Am Ed [ North Am Ed 6%s. Nor Ghio T & L 6s. Nor Htates Pow bs. Nor Sitates Pow 6s. Pacific Gas & Bl 5s. 23 PacT&T 1stbs... 22 PacT & T 6s’52... 10 Pln Amer Pete 6 .18§ 94 100% 116 97 100% 98% 92 100% 83% 102% 100% 1013 114% 103% 99 107% 110% 101% 105% 95 28 105% 98 101% 9845 112 98% 99% 104% 100% 104% 106% 994 99 104% 104% 104% 104 106% 106% 96 95Y% 107% 107% 1084 106% 118% 118 89 88% 9% 948 5 101 100% 87 86% 96% 100% 98% 91% 100% 83% 102% 100% 101 114% 103% 98% 107% 110% 101% 105 95 97% 106% 97% 101% 98% 110% 98% 99% 104% 100% 104 106% Phll.cos%l’l! Phile Co ref 63 A Phils & RACAI Sharon St1H Sinclatr Ofl Sinclair O1l 6% Sinclnir Oll 71 SnCOPL 6 Sales. High. Low. Close. 6 1013 101% 101% 6 105% 104% 104% South Bell Tel bs. . 8o Por Rico Sug 7, Southwest Bell 5s.. 22 100 100 Sug Est Orlent 7 1 95 95 Tenn Elec Pow 6s.. 38 4 102 102 Tide Wat Ofl 6%s.. 16 102% 102% Joledo Edn 1. 1094 109% United Drug 102% 102% U S Rub 1st rf b 88% 88% U S Rubber 7%s 106% 107 U S Smelter 6s 100% 100% USSteel st 6s.... 105% 1054 Utah Pow & Lt 5s.. 96% 98% Va-Car Chem s 97 -Car Ch 7%s w.. 661 Warner Sug 75°39. 81% Warner Sug 7s *41. 95% West Elecbs...... 9974 Westinghouse 7s. . 106% Willys-Ov 6345 Wilson & Co 1st Winchester A 7%s. Youngstn S & T 6s. 21 RAILROADS. Ann Arbor 45 5 Atchison B&O Sw Div 55 cf B & O Toledo 43 Bklyn Manhat 6 Buff R & Pitt 4%s Canad North 7 Car Ciinch & O 6; Cent of Ga 53 Central Pacific Ches& Ocv 4% Ches & O gn 4% Ches & Ocv bs Chi & Alton 3%s. Chi B &Q gn 4 Chi B & Q 1st rf bs. Chi& E1gnss Chi Great West 4s. CM&StP4s’25. W Ind cn 4a C& WIbks 62 CCC & St L 5 CCC&StLre6sA. Clev Term 5s. C&B 1st 48°29. Colo & Sou 4% Cuba RR 5s. Del & Ha 1st rf 4s.. FINANCIAL. SHARP SETBACKS IN GRAIN VALUES Good Weather Reports Cause Heavy Selilng in Wheat, Corn and Oats. By the Aseociated Press. CHICAGO, June 29.—Sharp setbacks in the value of wheat took place early tod: avorable weather conditions in the Spring crop belt led to general selling, a good deal of which was the result of standing or ders o stop losses at various definite set limits. About the only support for the market came from previous sellers who were in a position to collect a profit. The opening, ' to 1% lower, 1.47% to 148 and September 2, was followed by an 13 for July and Corn and oats sympathized with wheat weakness. Opening unchanged to 34 lower. July 1.00 and September 1.011% to 1.02, the corn market under- went a decided general sag, July touching 983; and September 1.00% Oats started a !4 decline to 33 ad vance, September 45% to 457. After ward the market showed moderate losses all around. Provisions were responsive to downturns both in hog values and in grain. WHEAT— July . Septerbe December CORN— Juiy o Reptember " December OATS— July’ Eentember " 0 ] 5% EE g H “? L & %33 Wih 02D ki ¥ 8 5> kb 25D W > Bbh 2D wmil 32 E5a 22 Sok 2= S35 e S S5 SN 2 3 55 September . TS July September ~ OUTLOOK HELD GOOD FOR LAST HALF YEAR Country Generally Free From Dis- turbing Factors—No Great ,. 35 &5 & 2% 99 wr o0 »n Del Hud cv 58 '35. . Del & Hud 5% Den & Rio G cn 48 D& Rio G Wst bs. Erie 15t cons 4! Erfegends... Erfe conv 4s A Erle conv 4s B Erieconv4sD... Erfe & Jersey vs. .. | Erle Genessee R 6 Fla ECbs'T4. Gr Trunk sf db Great North 5s.... Great North 5%3. . Gr North gen Ts. .. Green B& W db B. G Mob&N 5% 8B '50 Havana ERL&P '50 Hud & Man ref 5s Hud & Man aj 5s. 111 Central 5% 111 C-C St L&NO 58 Int Rap Tran bs. .. Int Rap Tr 6s stpd. Int Rap Tran 7s. .. Int & G Nor 1st 6s. Int & G Nor aj 6s. . lowa Cent 1st bs Kan City Pt S 4s. Kansas City S 3s. Kansas City S §s. . Kan City Term 4s Lake Shore 4s'31. Lehigh Val bs 2003. Louis & N uni 4s. Louis & Nash 7s Manhat Ry cn 4s. Market St Ry Mil El Ry & L 58 M & St L 1strf 45 tP & SSM 5%s. 107 61% 99% 9l 23 838 84 8% Bt 94 103 64% 1004 £81 101 100% 96t _ 9615 10045 T00% 100': 100'% L% 100! Pacific gen 4s. . Mo-Pac 55 1926. ... Mo Pac 58 1965. ... Mo Pacitic 6a Mo Pac 6s cfs. \ O Tex & M in 55, N O Tex & M 55 B NOT&M 5%s. NOT&MS5%sen. N O Tex Mex 6s.... N Y Cen gen 334s. N Y Centdeb 45 N Y Cent.ri6s N Y Cent LScl 34 N YC&St Ldb4s. NY Chi & St L 5%s NYC&StL6sA New Hav d 45°57.. New Haven cd 65 NY Ont W 1st 4s... NY Rys 68'65.... NY W & Bos 4348, Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 33 Northern Pac 4s. Northern Pacr 1 63 Ore & Calif 1st 5s. . Ore Short Liref 4s Ore-Wash 1st rf 45. Pennsyl con 414s.. Pennsyl gen 414s. Pennsyl gen 5s. Pennsyl 55 '64 Pennsyl 634s. Pennsyl gold 7 Peoria & F inc Reading J C 4s 51. 96! Rio G West 1st 4s RIATk& L 4% St L IM&S 4s'29. St L IM&S R&G 4s. StL S W con 4s°32. StP& KOSL4%s 2 St P Un Dep 5s. San A & Arn P 4 Seabd A Lref 4 Seab'd A L adj 5s. Seab'd A L con 6s. Sou Pacific 4s '29. Sou Paoific ref 4 Southern Ry gn Southern Ry 18t 55. Southern Ry 6sct.. Southern Ry 6%s Term Asso St L 4s. Texas & Pac 18t 5 Third Averef 4s Third Ave adj 5; Union Pac 1st Union Pac 48 '27. Union Pac cv 6s Virginia Ry 1st 58 Va Ry & P 18t 5 ‘Wabash 1st b3 Wabash 5%8'75 Western Md ‘Western Paciiic 5s. West Shore 1st 45.. Whel & LErf 4%s. Wisconsin Cent 4 9915 104 100 98 102 96 6515 95 83% % 9% 954 84y 76 9% 9 RATES ON BAR SILVER. NEW YORK, June 29 (P).—Bar sil- ver, 70%; Mexican dollars, 54. TODAY'S BUTTER PRICES. CHICAGO, June 29 (#).—Butter— Unchanged; receipts, 24,407 tubs creamery extras, 4 standards, 41; extra firsts, 3814a39%; firsts, 37a37%: seconds, 34a36%4. 100% | weight, #| hogs, 1 Boom Likely. By the Associated Pres NEW YORK, June 29.—While there till is a wide diversion of opinion in Wall street as to the main trend of securities in the second half of the vear, most Wall street observers are agreed that the business outlook is generally zood and free from disturb- ng tors. almost record volume, bank clearings at unprecedented levels, indications of a continuance of easy money and the prospects of lower taxes, there is little fear a wideopen break in stock prices. Neither is there anything in sight that would warrant a stock market boom such as followed the election of President Coolidge. WEDDING RING COSTS RAISED AT WHOLESALE Special Dispatch to The Star. PHILADELPHIA, June 29.—Sales of jewelry at wholesale are fair, with little change in prices, except for an advance in platinum wedding 3 This is the first time this year ales have exceeded correspond ing periods of 1 . CHICAGO LIVE STOCK MARKET CHICAGO, June 29 (United States Department of Agriculture).—Hogs— Receipts, 46,000 head; fairly active to shipper and small packers; generally steady to 10 cents lower than Satur- da; average: bulk 150 to 175 pound averages, 13.50213.60; sorted 180 to 0 pound average: mostly 13.65a top, 13.75; pound _weight and upward, mostly 13.45a13.60: pack ing sows, slow, few sales desirable weight, 11.50a12.00; slaughter pigs, mostly cents higher; bulk strong 13.00213.75: heavyweight 65a1 medium a13.75; 2.40a13.70; light lights, 12.00a packing hogs, smooth, 11.65a packing hogs, rough. 11.00a 11.65; slaughter pigs, 12.00a13.25. Cattle—Receipts, 22,000 head; fed steer trade uneven; better grades heavies and strictly’ good to prime steady to strong; spots, " lower grades, slow. bidding to 50 cents lower; largely in-be- tween steer run; she stock in liberal supply; grassy kinds predominating; these sharing steers decline; early top matured _steers, 12.85; average light, 13.60; | weight, 12.75; several loads yearlings, 12.00a12.40; small package, 12 fed steers of value to sell at 9.50a practically all steers in killer stockers and feeders very scarce, firm: canners and cutters weak to 25 cents lower; bulls, steady to weak; heavy bolognas, 5.50; light bulls, active; quality con. vealers. 25 to 50 cents lower market to packers; out- siders payving upward to 11.00. heep— Receipts, 17,000 head; fat lambs fully 25 cents lower; spots, 50 cents off; choice Idaho lambs, 16 some held higher: bulk desirable tives, 16.00a16.25; odd lots cull natives, 50 cents lower. at 11.50; fat sheep steady; desirable native ewes, 6.25 7.50., DAIRY PRODUCTS. BALTIMORE. Md., June 29 (Spe- cial).—Live poultry—Spring chickens, pound, 46; Leghorns, 28a3s; old hens, 22a28; Leghorns, 23. old roosters, 16; ducks, 14a20; young ducks, 24a26; pigeons, pair, 20a30. Eggs—Receipts, 962 cases; native and nearby firsts, dozen, offered at 32. Butter—Good to fancy creamery, 39a44; prints, 44ad6; ladles, 33a34: store packed, 31a32; dairy prints, 32a 33; rolls, 32a33; process butter,352a36. GERMAN BONDS AND STOCKS. (Quoted in dollars per million marke.) Bid. Asked Ger Gt (win) Bs 1914-18 95750 £75.00 Hamburg 4%s 1019. .. 150.00 175.00 Ger Gt 4-58 (forced loani ~12.00 15.00 (Quoted 1n dgllars per thoyeand marks ) Ger Gen Elec 4148 pre-w 2150 Ger Gen Elec 41a8 1019. Berlin_4s pre-war_ ... Ham ne 3ias & 48 o‘re‘; amburk Amer Line rih German Liovd 4138 rth German *Llovd Prussian Consols 31a8. Braridon 4 ”m‘o-'ur usseldorf 45 Frankfort a-M 48 pre- Murich 48 pre-war dieche, Aniin. . AE G (Ger Ge Eiec). Commerz and Privat Bk. Disconto Gellschaft Dresdner Bank.. . Deutsche Bank. Darmstaedter B Mercur Bank Vienna. TREASURY CERTIFICATES. (Quonuons furnished by Redmond & Co.) 5355500 232233852 Eggs—Unchanged; receipts, 20,452 cases; firsts, 30a31%; ordinary firsts, 29; storage pack firsts, 32%. No perfect loom has yet been in- vented that will tie the orhm-.l knm. 'mechanically,. . . new | With freight moving in | IELEGTRIC EARNINGS: AHEAD OF YEAR AGO Gain Average of $80,000 Monthly to June 1—Affiliated Companies’ Income Up. BY CH!/ P. SHAEFFER. Earnings of the Potomac Electri- Power Co. for the first five months of 1925 are running ahead o the corre sponding period of last year on ar average of more than §80.000 a month, statement of income filed with tha Public Utilities Commission this morn in; hows. For the period ended May 31 las. the lighting company had realized « net of $1,091,842, as against only $66f 746 for the same months of 1924. The increase was actuated by a gain $318,465 to $2.979.789 in groms earn 1ogs, and by a decrease of $1: erating expenses to $1,254 tem in computing depreciation now figured on a monthly de rather than on the volume of busines. transacted month by month, also swelled the net May's report shows a net income ot $190,312, a gain of $71,853 over thes same month of last year All Washington Rallway and El tric railways re running $36,0 d of the first five months of he net. for the period ended inst $45% ues 1o . and lines have expenses ave conversety risen $7,492 to $2,074,620 All_companies’ passenger total first five months of the vear 6,024, of which 40.84 environs of the Di mainder in Maryiand r total for t 540,219, 30,704,697 The passenzer total for the sams month of last year was 43,198 while pay fares, which do not include transfer passengers or those ha passes, were numbered or only slightly more than thi Directors Vote Dividend. The board of directors of the John H. Wilkins Co. have declared the reg- ular dividend of 4 per cent on the o standing preferred stock, and $1.50 per share on the no-par common payable to stock of record June Schulte Employes Get Raise A raise of 1 per cent has been given to ry emplove of the A Schulte Cigar Stores, and a similar crease is assured them for each ve: hereafter, President Schulte an- nounced today. he increase is in ad dition to the regular bonuses f. { special efforts in building up the busi ness of each salesman's store, and in cludes the assurance that ever greater promotion nd advantages will be given for evidences of merit and ef. ficiency. for, is 79 wete 1o ict, the re The pay pas cear to_da in the T th Exchange Trading Heavy. The recent upward trend in loc securities was maintained in rathe pronounced fashion on the Washing ton exchange this morning, a heavy turnover being made 2t or near pesk prices. Capital Traction stock equaled its t selling price at 1001, a level reached on sales of §5 shares. Gas opened at 611, eased off to 61 on sales of 125 shares, but subsequently assert- ed its strength in a rise to 61%, on an additional sale of 100 shares. Lans- ton Monotype was firm up to 841, as was Railway preferred at $3%. Mer. genthaler Linotype brought 177%, Na- tional Mortgage and Investment pre: ferred, 913, and the 8 per cent pre. ferred stock of Chapin Sacks sold at 98 and fractionally higher. There was good activity in the bond list, mainly in utility issues, at un- changed prices. Bankers Back From Outing. It was a tired but happy body nf bankers who returned to active pi ticipation in District affairs this morn ing, following a four-day conventign at Hot Springs, Va. The feeling is unanimous that much good for the profession was accomplished, m constructive thought relevant to ministration of banks brought out and, best of all, a spirit of camaraderie was welded between those who guide the financial destinies of the city The convention run off with machinelike precision without a single hitch. Hotel accommodations wer: the best, while transportation facili tes, offered under the direction of genial Special Agent Edmunds of the Chesapeake and Ohio line, represented the maximum of efficiency. There seems little doubt in the minds of those attending this conver tion as to the meeting place of the 1926 conclave Roads Paid Heavy Taxes. 1 railroads of the country paid £340,342,000 in Federal and State taxes during 1 it was announced todax by the Bureau of Railway Economics which said the total exceeded that of every previous year. The figure 8 an increase of $8,426,608, or per cent, over the taxes pald in 1923, and compared with 1913 it was an increase of 137 per cent. The average daily tax in 1924 was 18929895, as compared with the 1923 average of $009.357. For each $100 of operating revenue realized by the railroads during last year $5.80 was paid as taxes, the bureau disclosed Of the total taxes paid during 1924 &0 per cent, or $265,945.732, went to the various State governments, while the remaining $73,367,510 went to the Federal Government. FOREIGN EXCHANGE. (Quotations furnished by W.B. Hibbs & Co.} Nominal Selling checks gold value Clas: London, pound. Montreal. doll Paris. frane. . Bruesels. fran. Berlin. mark. . . Rome. lira. . Zurich. franc. ‘Athens. drachma. Madnid, peseta. Vienna. crown. .. Budapest, crown Prague. crown Warsaw. zloty Copenhagen. crown Christiania. crown Stockholm. crown. . NEW YORK, June 28 (#).—Foreign exchanges irregular. Quotations ¢ cents): Great Britain—Demand, 4.85 cables, 4.86%: 60 days on banks, 4.818. France—Demand, 4.52%; cables, 4:88. Italy—Demand, 3.54%; cables, 3.3. Demand: Belgium, 4.48%; Germant 23.80: Holland, 40.04;: Norway, 17.63 Sweden, 26.79; Denmark, 19.94; Swit zerland, 19.41; Spain, 14.53;: Greeéb 1.70; Poland, 19%; Czechoslovakis, 2.06; Jugoslavia, 1.75; Austria, 14%Q Rumania, 46%; Argentina, 40.37; Bm- zil, 11.00; Tokio, 40%; Shanghai, 79 Montreal, 1.00 1-164. FISHER'S PRICE INDEX. NEW HAVEN, Conn., June & (Special).—Prices, 159 5-10; purchasifix power, 7-10; Crumps, 149 6-3. Irving Fisher, Yale economist, f¢& ports. = s : CLOTH TRADING QUIET. = NEW YORK, June 29 (Special)a- The cotton cloth market was quist today with 68x72 print cloths sho¥- ing a drop of an eighth to 10% ce Raw silk was dull and unchnng from Saturday’s level. When a man is intoxicated wifh love it is u; tohhntn n the mad mon!uyhs‘-. = :’ Y