Evening Star Newspaper, June 30, 1925, Page 28

28 ¥ FINANCIAL. SHARP ADVANCES IN STOCK MARKET Earthquakes and Money Rates Cause Less Worry. U. S. Steel Taken Up. Open. High. Abitibi Pow (4). 68% 69 Adv Rumley.... 14% 14% Ad Rumley pf(3) 524 52% Ahumada (+1).. 11 11 Ajax Rubber. 15 15% !Allied Chem (4). 907 907 Allied Cm pf(7). 119% 119% Allis Chalm (6). 81% 81% Allls Chal pf (7). 107% 107% AmAgriculChm. 18% 18% Am Ae Chmpf.. 5 Am Beet Sug(4). {Am Beet S pf(7). { Am Bosch . Am Brk Shoe(3). Am Can (+7). Am Can pf (7). Am Car&Fdy (6) | Am Chain A™(2). NEW havior e 30.-~The be. the stock market today was to those interested in highe hey interpreted rebound A Chicle. lowing the sharp deciine of Monday | Am Chicle ctfs. . ifternoon as further proof of strength. t am Drug (§0e) . The way IV)l which stocks rallied made ! g, xpress (6). ppear that { Am & For Pow vious day had Am&F ! A\l stonal and that AmAFD 20 (1) side were covering when they W [Am Hide & T pt hat the effect of the California earth-| am Jea ¢y . quake and the rise in call loans wus | am Infernatl bringing out no important liquidation. | Am La Fran (1. Rubbers and Tires Strong. AmLioco (f18): . Rubber and tire shares were again | A Metal () among the leaders, endeavoring to 1B (o). measure the effect upon earnin [ Sarety a7 the latest advance in tire pr Am Ship & Com United States Rubber above 54 was up | 1 Shi & Com nearly 5 points from the low of Mon- | AM S & Ref (6). day afternoon. isk on rge trans I‘ . ctions sold well above 20, and Lee Rubber made & new high The toba tocks were very strong, | with the inspiration for the busing | :f,,“.',!:”‘ coming from interests which usually A ke the big moves in these stocks. | Am Tel&Tel nited Cig or#s made a new high, | Am Tobacco ( o Products. slling exdividend. | 47 Tobac pe (6) co P ype pf (7). ; was up similar] Am WW&EI 1.20 A WW&EI pf(6) . Am W W 1st (7). Am Woolen. .. Am Wool pf (7). Am Writ Pap pt. Anaconda (3)... Ann Arbor. . Archer-Danfels, Armour Del (7). Armour T11 A(2). Arn Cons & Co Asso Dry G( Asso 01l (2). Atchison (7) B Atchison pf (5). Atl Birm & At. .. Atlantie C L(18) AtIGulf & W1I.. At Gulf & WI pt Atlantic Refing. . Atlan Ref pf(7). Atlus Powdr (4). Atias Tack. . Austin-Nichols Baldwin L (7)... Balto & Ohio(5). Barnet Leather. . Barnsdall A. Beech Nut(2.40) . Bethlehem Stl. .. Beth Stlpf (7).. Booth Fisheries. Briggs Mfg(31) | Bkl-Man Tran... Bk-Man T pf(8). | BKI Union Gi4).. Brown Shoe (4). Brunswick (3.60) *Buff Reh& P. .. Burns Br B (2).. Bush Terminal. . Bush Trm pf(7). Sush Ter de (7). Butterick Cal Packing (6) Cal Pete (1%)... Callahan Zinc. .. Calu& A (1235). Calu & Hec (50c) Can Pacific (10) Cent Ieather. . Cent Leather pf. Cero d Pasco (4). Certain-Teed(4). Chandler (3).. Ches & Ohlo (4. Ches&O pf(613). Chi & Alton. ... Chi & Alton pf... Chi Great West. . Chi Gr West pf.. Chi Mil & StP. Chi Mil& StP pf. Chi& Nwn (4) ... Chi & Nw pf (7). Chi R1& Pac. CRI&Ppt (6). CRI&Ppf (7). ChiStPM&O.. C StPM&OPL(5). Childs (12.40)... Chile Cop (214 Cincinnati Gas. . Cluett Peab (5). Coca-Cola (7). .. Col Fuel & Iron. . Col G&E (2.60). ColCarbon (4) ... Com Solv A (4) Congolium (3) | Conley (sta) . June the selling of the pre been ely profes- traders on the short American Can Irregular. American Can, in response to the action of the directors in declarin only the regular dividend, sold down to 192, as against Saturday’s 200. | But advantage was evidently being taken by people who had realized in wdvance what was going to happen | to buy back stock previously sold, and the price rallied rply the later trading. The St. Pauls were actively hought, but for no reason except the hope that the Interstate Commerce Com- mission would grant an increase in rates in the Northwest and that this would facilitate_the reorganization The buying, therefore, was to be set down as highly speculative. Several Extra Strong Spot3. New Mgh records were made in International Shore, Foundation Co., | Newport s and Hampton pre- ferred, which was up & points, and International Agricultural Chemica Main order share: Sears-Roebuc and Montgomery Ward—stood out pre- | eminently. Among the motors Stude baker at one time was up a point and Packard a point and : f. while | Pierce Arrow 2 points. White Motor There was a brief spurt in the rail way equipment shares in the course of which American Car and Foundry, Baldwin Locomotive and Pullman rose one-half to over 2 points. Leather Stocks Up. Leather stocks came in for increas- ing attention. Central Leather pre- ferred was up over 3 points, and the common a point, while American Hide and Leather preferred jumped 2 points, and so did Barnett Leather. It was assumed that the reports of these companies for the second quar- ter would be encouraging. National Biscuit, selling ex-dividend ran up more than 3 points, and Loose- Wiles went along. Independent Oil and Gas was a feature of the oils. As- sociated Oil was 3 rong. The baking stocks were in demand, es- pecially War: MARKET CLOS! in a poin STRONG. NEW YORK, June 30 (#).—Re- moval of uncertainty regarding the ex- tent of the California earthquake damage and the growing conviction that high call money rates were on! temporary paved the way for another sharp advance in prices in today market. Revival of pool ularly in the motor, food and public utility sha featured the day's sales appoximated 1 The closing was sirong. An active demand for the steel shares, which wdvanced 1 to 2 points, featured the later trading S. Kresge ared 25 points to 420, Markets at a Glance Consol Cigar. ... Con Cig pf 183 .. Consol Distribut. Consol Gas (5).. Consol Textile. .. Cont Can (4).... Cont Insur (6) Cont Mot (80c).. Corn Prod (2)... Crucible Stl (4). Crucible pf (7).. Cuban Cane Su. . Cub Cane Su pf.. Cub Am Sug (3). Cuban Domin. .. Cuyamel Fr (4). Daniel Boone. Davison Chem Del & Hud (9) Del L & Wn(17). Detroit Ed (8)... Dodge Bros Cl A. Dodge pf (7 s Dome Mines Dupont (10). . astman (18)... Elec Powr & Lt.. EIP&Lpf (1).. E P&L pf 40% pd 3 P&L full pd(7) Elec Str Bat 11) Elk Horn ErieRR. Erfe 1st pf. Fairbnk M pf (8) Famous P1 (8).. Famous Plrs rts. Feder Lt (11.40). Fed Min pf (7).. Fisher Body (5). Fisk Rubber-. ... Fisk 1st pf (4) Flelschmann(4). Foundation (8).. Freeport-Texas. Gen Asphalt. ... Gen Baking (6). Gen Cigar pf(7). 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 Gold Dust. Goodrich Goodyear pf (7). Grt North pf (5). Grt Wstn Su (8). Greene Canan. .. Gulf Mo & Nor.. Gulf States S(5). Hartman (2%). . Havana Elec (6). Hayes Whl (3).. Hays W pE(7%). Household P (3). Houston Oil. ... Howe Sound Co. Hudson Mn 2%... Hudson Mot (3). Hupp Mot (1)... Illinois Cen (7).. 118% 111 Cent pf (6)... 115% 115% Indep Ofl (1).... 38 39% NEW YORK.—Stocks strong; Wool- worth 5 points to record top. Bonds irregular; rail and oil issues re- cover. Foreign exchanges mixed; Danish and Norwegian kroner at new highs. Cotton barely steady; com- | mission house selling. Sugar feature- less. Coffec lower; easier Brazilian market. CHICAGO.—Wheat firm; expectation bullish private crop reports. Corn decreasing suppl Cattle lemand poor. Hogs steady and g o GERMAN BON’DS AND STOCKS. (Quoted in doliars ver million marks.) Bid Asked 5e 1914-18 100000 | 1010 175.00 i Ger Gt (w In) Hamburg 41, Hamburk Amer Line 445 serman Llpyd 4138 Tloyd Frankfort a-M 4s pre-war Humien 4 o; Badische An AEG (Ger Ge Commerz and Priva Disconto Gellschaft Dresdner 21.00 0°00 | Mercur Bank Vienna... TREASURY CERTIFICATES. (Quotations furnished by Redmond & (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. ~_today. pound $4.8665 $4.86%, dollar e a ne Brussels. frane. Berlin, mark.. Rome. lira Zurich, fran Athens.drachina. . peseta rown | Cope Christiania Stocihoim, NEW YOR eign exchange: (in cents): 135%; cables, June 30 (#).—For- irregular. Quotations reat Britain, demand, 4861; 60-day bills on France, demand, 4.511% Ttaly, demand, 3.51%; Belgium, 23.8 Holland, Sweden, 26.83 witzerland, 19.42; 1.681%; Poland, Jugo- Ru- 104% 38 75 18% 325 63% 18% 1134 Denmark. Spain, 14.5: 184; Czechoslovakia, 2. via, 1.7513: Austria, .0014% mania, 46%: Argentina, 40.37: Brazil. |Ind Ofl rights. 1 1 1.98: Tokio. 40%: Shanghai, 79'2;|Indian Refini % 8% aAlontreal, 100 1-61. % L 38 4 Low. 68U 14% b2 11 14% 90 119% 814 107 184 52% 40 87% 34% 104 19215 24 82 14 178% 107 34% o1 108% 110 63 10 27 35% 106% 103 419 82y 56% 1% 19% 102% 84 120% 1% 52 144 109 286 11% 83% 1123 56% 170 56 38 19% 39 53% 104% 69 107 12% 284 82 2% 37% 104% 37 T4% 18% ~31% 6314 18% 118% 115% 38 % 8% THE EVEN NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Close. 1 68% 14% 52 11 15 9015 119% 8115 107 18% 524 40% | 874 354 104 Inland St(23%) Interb Rap Tr... Internat Agri. Int Bus Mac (8). Int Cement (4).. Int Cementrgts. 2% Int Com Eng (2). 48% Internat Har(5). 105% Int Mer Marine.. 8% Int Mer Marpf.. 31 Int Nickel. 297 Int Paper. . 6Tl Int Shoe (5)..... 150% Int Tel & Tel (6) 1151 Intertype (t113). 264 Jewel Tea 17 Jones Bros Tea. . Kansas & Gulf. Kan City South. . Kayser (Julius) Kayser (J) pf(8) Kelly-Spring. ... Kelly-Spring pf. Kennecott (3). .. Keystone T & R. Kinney G R (4).. Kresge S S (8) Kresge SS pf Kresge Dep S(4) Lee Tire & Rub. . Lehigh Val(315). Liggett & M(t4). Lig & My B(t4). Lima Loco (4) Loews Inc (2)... 40 27 13%, 122 62% Long Bell A (4). Loose--Wiles Lorillard (3) Loulsiana Ofl. Ludlum (2).. Mack Treks (6). Mack T 1st (7) Mack Trk 2d (7 Mackay (7) Macy HR & Co.. Magma C (75¢).. Mallison & Co. Manati (5). . Man Shirt (1 Manila El (2%) Maracaibo Ofl. Market St prior. Marland O(76c). Malin-Rock (1).. 23l Mathfeson Alka. 82 Maxwell(B)ctfs. 116 May Dept St(5). 113 Metro Gpf(1.89). 20 Mexican Seabd.. 14% Miami Cop (1). 8% Mid-Continent.. 32% Middle States Midland P pf(19) 11‘"« Mis Kan & Tex.. 381 MK&Tpt (5).. 81 Missour! Pacific. 821 Missouri Pac pf. 76% Mont Power (4). 79% Montgom Ward.. 52 Moou Mot (3) 328 Mother Lode T6c. 7 Motor Wh11.60.. 31% Murray B (12.40) 34% at Acme (sta). Th at Biscult (3) Nat Dairy (3).. at Distillers. at Distillerspf. 1| Nat Lead (8). Nat Supply (3) 3 up pf (7) Nevada Copper. . Nwpt U Gas (5). Nt N G&E pf(7). NYAIrBr(4).. NYAIrBrA(4). N Y Canners(2). N ¥ Central (7). NYC&StL(6).. NY NH & Hart. . NY On & Wn(1). NY Rys part cfs. Niag F pf(1%) Norfolk South. Norf & West(7). Norf & W pf (4). North Am (3.40). North Am pf(3). | North Pac (5). Nunnally (1).. Oppenheim Col Otis Elevat (6) Otis Steel Owens Bot (3).. Pac Coast 1st. .. Pacific Gas (8).. Pacific Mall. . Pacific O11 (3). Packard (11.70) . Palge Mot(1.20). Pan-Amer (6)... Pan-Amer B (6). Park & Tilford. Penick & Ford. Pennsy RR (3).. Penn Seab Steel. Peovles Gas (8). Feoples Gas rts. Phla Co (4).. Phila& RC&1 Phillip Morris. Phillips Pet (2). Plerce Arrow Plerce Arrow pf. Pierce Ofl.. Pierce Oll pf. Plerce Petrol. Pitts Coal p£(6). Pitts Stlpf (7).. Pitts Ut pf $1.20. 16% Pitts & West Va. 70 Postum Cer (4).. 116% Press Steel Car.. 49 Prod & Refiners. 25 Pro& Rpf(3%). 45 Pub Se E&G pf 6. 94% PubSer NJ (5). 68 Puk Serv NJ rts. % Pullman Co (8).. 137 Punta Al Su (5). 39% Pure Ofl (1%)... 29% Pure Oil pf (8).. 106 Radio Corpof A. 55 Radio C pf (3%). 49% Ray Cons Cop 134% Reading (4) £5% Reading rts. 17% Reading 1st (2). 38% Robert Refs..... 25% Remington Type. 74 Replogle Steel... 18% Rep Ir & Steel... 44% Reynolds Sp (1). 10% Rey Too B (3)... 76% Rossia rts. 3 Royal D (4.42%) 61% Rutland pf. 58 36% St Joseph Ld(2). StL&SanF(5). 79% St L Southwest.. 451 StLSwnpf (5).. 70% Savage Arms 57 Seaboard Air 31% Seabd AlrLpf.. 41% Seagrave (1.20). 15% Sears-Roebk (6). 169% Shattuck FG(2). 63% Shell Un (1.40).. 23% Shell Un pf (6).. 103 Simmons Co (2). 45% Simms Pet (1).. 23% Sinclalr Ofl. 22 Sinclair pf (8)... 93 Skelly O1l. . 2785 Sloss-Shefl (6).. 84% South Fort 8(6). 721 South Pac (6). Southern Ry (5). 96% South Ry pf (5). 86 Spicer Mfg...... 21 Spicer pf (8).... 104% Std Gas & E1(3). 51% Stand Mill (5)... 76% Stand Mill pf(6). 85 StOfl Calif (2).,. 08% StOlINJT (1) 444 StOIINJpf (T). 1174 Std Plate Glass.. 11 Sterling Prod(4). 64% Stew-Warner(5) 677% Studebaker (4).. 47% Submarine Boat. 8% Superior OIl. 41 Symington. 15% Symington A(2). 21% Telautogph 25c.. 12 Tennessee Cop.. 10% Texas Co (3).- 51% (Tex Gulf S (7%) 112 Tex & PacC&O0. 15% Tex & Pacific 47% Third Avenue... 13 Timken R B(14). 41% Tobac Prod (6).. 81l Tob Prod A (7).. 101% Transcont Oil. 4% 115y | Twin City (). 67 39% | Underwood (3).. 43i Un Bag & Paper. 46 svyl % 26% 54 43% 86l 98 109% 286% 11% 843 112% 56% 170 56% 38 20% 39 53% 105% | 69% 107% 12% 28% 83% 28 178 38 - 104% 87% T4% 18% 824 63% 18% 118% Unton O (1.80). Open. High. 40 28 47 IN Low. Close. 39% 40 22N 13% 14 122 122 62 62% 20 20 48% 44y 105% 106% 8% 31 298y 114% 22 171 46 4 {the Treasury G STAR, INTEREST SHOWN - IN'ST. PAUL BONDS Other Rails Also Draw More Attention—French Issues Turn Stronger. Special Dispatch to The Star. NEW YORK, June 30.—For the rst time in weeks junior raflway bonds attracted both speculative and investment interest in today’s market. All the St. Paul issues were in de- mand, not only the bonds secured un- der the refunding mortgage and now in default, but the general mortgage issues, the 4s and the 43s. The buy- ing was based first on expectations of a rate increase for the Northwest ern roads sufficient to put the Paul back on a profitable basis, and second on confidence that the re- orgapization tangle would be straight- ened out. Some Weak Spots Noted. Weakness cropped out in other quarters, notably Chicago and Alton 31zs, which at 49 were down a point from Monday's close. Based on the six months ending May 31 the Alton would earn only a little over 90 per cent of fixed charges this yea In the high-grade group Government bonds were all strong. Cash sales of 4s were made within a small fraction of the record high. The bulk of the first-mortgage savings bank railroad issues were fractionally improved. Instances are West Shore 4s, New York Central 5s and Atchison eral onds did better today, but whether this was due to repurchasing by speculatively minded traders or whether there was more confidence in the French financial position is hard French sold at 90 s low of 89, the crossing 98 and the French §s going above 101. German were steady, but United Kingdom of 1937 were easier nited States Rubber 58 were the feature among the industrials, being taken in large volume at higher prices. Good gains were recorded by the Interborough bonds. Today’s new offerings _included $2,000,000 additional issue of Columbus Electric and Power refundin, yield 5.30 per cent and $ i Southwestern Public Service ' 6: vield 6.10 per cent. (Copsright. 102 SALE OF MARYLAND COMPANY APPROVED Stockholders of Southern Power and Light Favorable to Prop- erty Transfer. By the Associated Press NEW YORK, June 30.—Stockhold- ers of Southern Power and Light Co. of Maryland have approved the pro- posed sale of all, or virtually all, of its properties and assets to the Elec- tric Power and Light Corporation in consideration of 96,181 shares of pre- ferred and 40,090 shares of common stock of Electric Power and Light. Stockholders of Electric Power and Light also approved an increase in the authorized capital stock to 4,020,- 000 sha of no par value divided into 800,000 first preferred, 120,000 séc- ond preferred, series A, 100,000 seec- ond preferred, series AA. and 3.000,- 000 shares of common. Ten new di- rectors were elected. NEW REFRIGERATING STOCK ACTIVE ON CURB NEW YORK, June 30 (®).—Initial trading in Nizer Corporation “B" stock, of 300,000 shares no par value, which were admitted to the market today, was the chief feature of the day’s operations on the curb exchange. Trading started with a sale of 50,000 in one block of shares at 131 and within a short time a gain of more than a point was made. business con- tinuing heavy. Dealings in other re- rrlgoraung stocks were fairly active. g LEAD PRICES REDUCED. NEW YORK, June 30 (#).—The American Smelting and Refining Co. today reduced the price of lead from $.10 to .00 cents per pound. TODAY'S MONEY RATES. NEW YORK, June 30 (#.—Call money strong; high, 5%; low, 5; ruling rate, 5; closing bid, 5%; offered at 5%; last loan, 5 call loans against ac. ceptances, 4: time loans firmer; mixed oollateral, 60-9 days, 3%a4; 4-6 months, ' 37a4; prime commercial papc!', «‘1 FLOUR LOWER TODAY. MINNEAPOLIS, June 30 (I‘).»A Flour, 30 to 35 lower at 8.20 a barrel; shipments, 57,055 barrels. Union 011 (1.30).. Un Pacific (10).. Un Pacific pf(4) . Un Tk Car pf(7). Utd Alloy Steel. . Utd Cigar(+3%). United Drug (6). Utd Fruit (10).. U S Cast Iron P U S Distributing. U S Hoff (2) 87% 137% 764 116% 2415 93 125 216 161 33 341 851y 129 53 104% 36% 114% 124% 54 33% 88% 38% 139 5% 116% 24% 96 127 216 161 33% 85 87 129% 643 1056 861 115% 124% b4 344 88% 28% 4 16% 30 119 15% 29% 67 65% 106% 48% 56 98% 110% 13 8744 4« 138 100% 0% 11% 23% 15% 28 72% 44% 3% 21 20% 103 151% 40% 31% 51 51 4T3 A% 371z 384 137% 139 5% T54% 116% 116% 2436° 24% 92 95k 125 127 216 216 158% 159 33 33u 34% 35 85% 87 129 129% 52% 53% 104% 105 6% 86% 114% 115% 1243 124% 54 54 83% 33% 88% 88y 28% 28% 4 4 16 16% 30 30 19 119 15% 1564 28% 29% 67 661 63 64% 106% 106% 444 48% 55% 56 98 98 110 110 13 13 37 37% 131% 133 100% 100% 0% T0% 11% 11% 23% 23% 15% 15% 27% 28 1% 72% 4% 44 8% 3% 20% 21 20% 20% 102% 102% 145 151% 40% 401 28% 30% 51 51 45% 46% preferred stock. Realty (8).. Rubber..... Rub 1st (8).. Smelting(3) . S Steel (17)... U S Steel pf (7). U S Tobacco (3). Universal Pipe. . Utah Copper (4). Vanadium. . Va-Caro Chem. s s s 8 s U u U U U u Va Iron Coal&s Va Ry & Power. Vivadou. Wabash. Wabash p! b ‘Ward Baking B.. Ward Bak pf(7). Warren Co (4). Weber (4) . West Pen pf (7). W PaPow pf(7). West Maryland Westn Pac (5a. West Union (7). West Alr Br (6). Westinghse (4).. Weston Elec Weston A (2). Wheel & L Erfe ‘White Eagle (2). ‘Wilson & Co pf.. Willys-Overld Willys-0d p£(7). Woolworth (3).. Worthn Pump Wright Aero(1). wrigley (13%).. Yellow C (2.62).. {Partly extra. $Payable in Dividen given in the above table are the annual cash payments based on the latest quarterly or Ralfyearly declerations, Unless o ,extrs “pecial incleded. WASHINGTON, D. C., TUESDAY, JUNE 30, 1925 I I ON NEW YORK BONDS STOCK EXCHANGEI Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Bales are in $1,000.) __ Sales. High. Low. Lib3%s 74 1011 100 81 Lib1st43%s 40 10227 10220 Lib 2d 4%s. 162 101 16 101 12 Lib 3d 43s. 124 101 27 101 25 Lib 4th4%s 817 1032 10230 U S 45 1944. 226 103 31 103 24 US4%s'52 294 107 27 107 22 FOREIGN. Sales. High. Low. Close. Argentinebs...... 1 Argentine 6s wi... 87 Argentine 6s A.. Argentine 6s B Argentine 7s Austria 7s. Bank of J. Belgium 6 Belgium 615w 1. Belgium 7s wi. Belgium 7%s. Belgium 8s. . . Berne 8s Bolivia Bordeaux 6 Brazil 7 Brazil 7% Brazil 8s. Canada 58 1926. Canada 5s 1931 Canada 55 1952. ... Canada 5%s 1929, . Chile 75 1943. ... Chile 85 1941 Chile 851946, .. Chinese Gov Ry ba. Christianta 6s. Christiania 8s. . Con Pow Japan 7s. 35 Copenhagen 6 %s. . Cuba 5%s... Zzecho 88 1951. .. Czecho 8s 1952 ct. . Danish Munic 85 B. Denmark 6s. .14 Denmark 8s. 5 DEI5%s Mch '53. 46 DEI5%s Nov'53. 24 Dutch Fast 1 6s°47 51 Dutch East I 6s'62. 59 Ei Salvador 8s°48.. 2 Finlands 7s....... 156 Framerlcan 7%s. French 7s. 6 French 7%s. 19 French 8s 103 Ger El 6% .16 German 7s. . .121 Ger Gen Elec7s... 9 Greek 7s. 22 Haitl 6s. .. 3. Holland-Amer 6s.. 2 Hungary 6%, .26 Japanese 4s....... 16 Japanese 6%s. ....140 Jergens U M 6s°47. 2 Lyons 6s. . Marseille 65 Mexico 45 ‘04 asnt. Montevideo 7s. . etherlands 6s '54. etherlands 6s'72. & Norway 5%s wi... 34 Norway 65 1943. .. orway 65 1944. orway 65 19! Norway 8s. 85% 9614 964 96% 102% 98% 100 864 924 9844 108% 107% 109% 95 B4% 824 106% 97% 101 1025 103% 108 2 101% 108 107% 41% 99% 110% 91y 984 5 101% 99% 99% 110 103% 110% 100% 100% 102 101% 104% 94%, Bh% 96% 95% 95% 102% 984 99% 85% 92 98 108% 107% 94% 84% 824 106% 97 101 102% 103% 102% 101% 108 107% 418 99% { Orlent Dev deb 6 Paris-Ly’'s-Med 6s. Paris-Ly's-Med 7s Paris Orleans 7s Peru 8s. . Poland 8s Prague 7%s. Queensland 6s. Queensland 7s. Rio de Jan 85 1946. Rio de Jan 85 1947. Rio Gr Do Sul 8s Sao Paulo State 85, Stof S Paulorts. . Seine Dept cf 7 Serbs Crot Slo Sweden 5%s ct Sweden 6s. ... Swiss 5148 1946. Swiss Confed 8s. .. Ud Kingm 515 '29. Ud Kingm 5%s'37. 18 Ud Steam Copen 63 5 Zurich 8s 6% 84y 100% 90%s 94% 104% 111 957 941a 964 103% 99% 87% 87% 100% 104% 101% 115% 116% 104% 944 111 MISCELLANEOUS. Ajax Rubber 8s.... 6 1027 102 Am Agr Chem 58... 7 102% 102% Am Agr Chem 7%s. 70 103 1023 AmChainsf65°33. 8 98% 0O8% Am Repubdeb6s.. 3 96% 96% Am Smlt & R 1st 53 16 98% 98w AmSmit& R6s... 1074 107% Am Sug ref 6s. . 102% 102% 973 101% 97%% 103t 1343 9544 100t 101% 96 20 944 2 102% 99% 105ta 1024 93 95% 87 941, 100 102 103% 102% 100% 107' 100% 102 8115 1037 9Ty 7% 101 107% Am T & T deb5i4s. 99 AmT&Tcves.... 10 Am Water Wks 55.. 2 Anaconda 1st 6s... 48 Anaconda cv db 7s. 38 Andes 7s25% pd.. 42 Armour & Co 4%s. Armour Del 5345. . Assoclated O1l 68. Atlantic Refin 5s Barnesdail s f 88 Eell Tel Pa 5s. Beth Stegl pm 53 Beth Steel rf 5s.... Beth Steel 5% 3. Beth Steel 5 £ 65... 19 Brier H St 1t 5%s. 21 Bkiyn Ed gen 5s... 14 Calif Pete 6%s.... 5 Chlle 8s 1926. 2 Cen Leth 65’45 cts. 3 Chile Copper 6=. . .. Col Gas & El o8 sta. Commonwth P 6 Con Coal Md 1st bs. Con G NY 5%s wi. Consumers Pow 58 Cuba Cane cv 7 Cuba Canecvd 8s. Cuban Am Suj Denyer Gas 6 Dery (DG) 7s. . Det Edison bs 40. . Det Edison ref 6s. . Dodge wi6s. ... Du Pont de N 7%4s. Duq L & P 5%s 49 Duquesne Light Est Cuba Sug 1% Empire G & F 7%s. Fisk Rubber 8s. Francis Sug 7%4s. . Goodrich 634s. . Goodyear 85 1921. . Goodyear 8s 1941. . Hershey 63 1942. .. Humble O & RE%s Tllinois Bell 1st 5. Tilinois Steel 4 %8 Indiana Steel 5s. .. Int Mer Marine 6s Inter Paper 55 "4 Inter Paper 6s.. KCP&Lt5s A'S2 Lackawa 8 58 '50. . Lacl G ref 5s'34. .. Laclede G 5%s '53 Liggett & Myrs s Liggett & Myrs 7s. Lorillard (P) 6s. .. Lorillard (P) 7s. .. Loutsv G & E 58’62 2 Manati Sug sf T%4s Mid-Con 6%s, *40. . Midvale Steel 5: Montana Pow 58 Mor’s & Co 1st 4%s New Eng Tel 5 NYEdbs'44 wi N Y Eden 1st 6%s NYG EL H&P. NYGELH&P bs NY Tel 4348 . NYTel6s'd4l..... N Y Tel 6s’49. North Am Ed Nor Ohio T &L 6s. Otis Steel 7%s., .. Otis Steel 8s. . Pacific Gas & Bl b8 PacT & T 1st5s... PacT& T 58" Pan-Amer Pete 6s. People's Gas 5s... Phils Co 5%s'38 PhilaCoref 6sA.. Sharon Stl H 8s Sinclair Oil 6 Sinclair Oil 6%s... 11 Close. “10031° 102 21 10113 101 26 103 108 31 107°27 109% 109'% 5% 105 1 Sales flxr! Low. Close. Sinclair 011 78. SinCOPL6s"2 Sin Pipe Line &s Skelly Ofl 6%s South Bell Tel 5. Southwest Bell Tenn Elec Pow Tide Wat O1l 6%s. . Union Bag & P 65 U8 Rub 1st rf § U § Rubber 7%s U S Smelter 6s. U S Steel s £ 5a. Utah Pow & Lt Gs. Va-Car Chem 7s Va-CarCh 7%s w Warner Sug 78 '41. West Elec bs Westn Union 85% 964 96% 96% 102% 98% 99% 864 92 98 108% 107% Willys-Ov 6%s'33. Wilson & Co 1st 6 ‘Wilson & Co cv 68 YoungstnS&T RAILR Atchison gen 48 Atlantic C Lcl és.. Atlantic C L 1st 4 AttanticC L 7s. B & O gold 4s. B&Ocvay B&Oref 5s. . B&O 1st5sct B&OG6s.... B&Orfimp§ B&O Sw DIv 58 cf: Bklyn Manhat 6s. . Buff R & Pitt 4%s. Canad North 6%s Canad North 7s. Canad Pac deb 43. Car Clinch & O 63 Cent of Ga 5%s. Cent of Ga. 63. Central Pacific Ches & O cv 4% Ches & Ocvbs. ... Chi & Alton 3%s Chi & Alt 3%s ctfy Chi B & Q gn 4s'58. CB& Q-1 3% Chi& E1gnbs “hi Great West 4 C M & Puget Sd 4s. CM&StP4s’2.,. CM&StPdtss. 95 BdY 8244 106% 974 101 102% 103% 102% 101% 108 107% 41% 99% 110% a1t 9% 1011 99% 99% 110 103 110% 1008 100% 101% 101% Chi Un Sta 63%s. ... !Ch1& W Ind cn 4s.. C&WI5%s 62 CCC & St L 4% CCC& St L Clev Term 5s. Cleve Term 51s. S 1st4s°29. Colo & Sou 4148 Cuba R R s Cuba R R T4%s Del & Ha 1st rf 4s. Del Hud cv 5s'35. Del & Hud 5%s. Den & Rio G cn 4s. D & Rio G imp 5s. D & Rio G Wst 6s Det United 4%s. .. Erte 15t cons 48 Erfe & Jersey bs. Erie (Pa) cit tr 45. Fla E C 5874 Gr Trunk sf di Grand Trunk 7s Great North 5s. Great North 51 Gr North gen 73 G Mob&N 534sB Havana ERL&P ‘50 Hud & Man ref 53 Hud & Man aj 5s 111 Central ref 4 111 Cent ref 55 11l Central 5%s. 111 C-C St L&NO 55 Int Rap Tran bs. .. Int Rap Tr 5s stpd. Int Rap Tran 6s Int Rap Tran 7s Int & G Nor 1st 6s. Int & G Nor aj 6s. Towa Cent 1st Kan City FtS 4s. Kansas City S3s.. Kansas City S 5s. Kan City Term 4s Lake Shore 4s '28 Lake Shore 4s°31.. Lehigh Valcn 4s. . Lehigh Val 55 2003. Louis & Nash 7s. Manhat Ry cn 4s. Market St Ry s MUEIRy&L5 MStP&SSMen is M StP & SSM 5%4s. MS i MK&T prinsed. MK&T6sC.... o Pacific ger: 4s. Mo-Pac 55 1926. Mo Pac 55 1965. Mo Pacific 6s. .. Mo Pac 6s cf! Montrl Tm 1st & New Or Term 4s. NO Tex& Minbs. NOTex&M5sB NOT&MG%s.. NOT&MG5ksn. N Y Cen gen 3%s. N Y Cent 45 98. N Y Cent deb 4s. N Y Centriss. N Y Cent deb 65 NY Chi & StLs%s NYC&StL6sA New Haven cd 6s. NY Ont W 1st 4 105 |N Y Ry rf dsctfs. 104% | New York Ry aj 5s. 115 | Ny Rys 88 106% | NY W & Bos 4 Norfolk & W cn Northern Pac 3s Northern Pac 48 Northern Pacr 1 63 Ore Short L ref 4s. Qre Sht Licn 68 *46. Ore-Wash 1st f 4s. Pennsyl con 4%s. . Pennsyl gen 414s. . Pennsyl gen 55. vennsyl 58’64 Pennsyl 6%s Pennsyl gold Pere Mrq 15t 48 56, Pere Marq 1st 6s... PorRL &P 65'47.. Reading gen 448.. Reading J C 4s 51. RIATk&L 4%s... St L IM&S 48°29... St L IM&S R&G 4s. SIL&SFplisA.. 101 107% 9544 77 102 107% 97% 1061 105% 106 109% 1204 10415 102 101 9414 103% 864 917 978 9974 93% 1004 101% 102 120% 97 116 9% 1004 98% 9% 100% 84 101 101% 1141 89% 104 98% StLSW 1st ds. StL S W con 4 . St P & KCShL 4%s San A & Arn P 4 Seabd A Lref 4 108 | Seab'd A L adj b 110% | Seab’d A L con 6 101% | Sou Pacific 48 "29. 94% | Sou Pacific clt 4 97% | Sou Paoific ref 4 105 | Southern Ry gn 98 | Southern Ry 1st 5a. 103 | Southern Ry 6sct. 975 | Southern Ry 6%s. 101% | Texas & Pac 1st Gs 98 | Union Pac 1st 48 111% | Union Pac 1st rf 4s 98% | Union Pac 4s'37. 99 | Un Pac 1strf5s 1041 | Union Paocv 6s. .. 101% | Virginia Ry 1st 5s. 1044 | Va Ry & P 18 99% | Wabash 1st 104% | Wabash 2d 5s. . 104 | Wabash 5%s ‘76 96 | Western Md 4s. 107 | Western Pactiic ba. 113% | West Shore 1at ds. . 88% | Whel & LErf 4%s .15 4 94% 80 101 4L 8% 117% 1 101% 49 100% 13 1021 5 102% 9615 89% 107 1007 105% 96% 97% 6744 95% 100% 111 107% 102% 99% 71 100 OADS. 7 908 4 88% 4 92% 11074 16 904 13 93% 6 91ty 103 103% 102% 5 98% 914 87% 18 116% 8014 107% 102% 1035 88% 97% 105% 50% 484 90% 85% 50 10: @ o @ atwRunndovemwEoumeB=d = w EPASE T 11 9 1 94% 94% 101 867% 117% 101% 100% 102t 102t5 96% 89% 107 10074 106% 96% 97 67 95% 100% 11! 107% 102% 99% T 100 90's 87% 928 107% 905 93 91 103 103% 102% 98% 9l 87% 118 4 116% 804% 107% 102% 103'4 88% 854 | 94% 103 654% 100 887y 100% 1014% 97N 83% 97 97 FINANC |Regular Dividend Only Is Declared On American Can By the Associated Press. NEW YORK, June 30—Directors of the American Can Co. today de- clared the regular quarterly dividend of $1.25 a share on the common stock, thereby disposing of reports that the shares would be split up at this time. ‘The rumor, which gained eirculation | last week, ran the price of the com- mon stock up to a record high level at 200, but in anticipation of only | the regular disbursements it reacted to 193 at the close of yesterday's market. PRICES GO HGHER INGRAN MARKET Wheat, Corn and Oats Make Advance—More Black Rust Rumors. By the Aseociated Press. CHICAGO, June 30.—Wheat scored decided upturns in price today during the early dealings. To a considerable extent, buyers appeared to be acting on an opinion that rallies were to be looked for after recent severe de- clines. Indications of warmer weather Northwest, likely to renew fears of damage from black rust, tended also to lift values. The opening was un- changed to 2 higher—July 1.45% and | September 21: to 1.44—and was fol lowed by a rise to 1.46 for July and 1.443 for September. Corn and oats sympathized with wheat strength. Opening unchangeti to 7 higher—July #8% to Y9% and September 1.00% to 1.01},—corn ad- vanced to 1.00% for July and 1.02% for September. Oats started at September 451, continued firm. Provisions were responsive to the upward tendency of hog values and of | | grain. WH July September Derember .. CORN— July September Decomber % off to 7 to 453%—and up— later AT— Open X 3 ! NEW HEARING NEEDED ON POWER PROJECT Maryland Commission Must Re- open Case Involving Outlay of $52,000,000. Speclal Dispatch to The Star. BALTIMORE, June 30.—Reopening | of the Conowingo Power hearings be- | fore the Maryland Public Service Commission has been necessitated by the changed engineering plans for the $52,220,000 project disclosed at the hearing before the Pennsylvania Com- mission, according to Harold E. West, chairman of the Maryland Commis- slon. Counsel for the Philadelphia Elec- tric Co. will file new plans with the Maryland Commission when the Penn- sylvania hearings are completed, ac- cording to information received by Mr. West. It is expected that the new Maryland hearings will be held dur- ing August. RECEIVERSHIP NEAR END. New York and Cuba Line in Deal ‘With Ward Line. NEW YORK, June 30 (P).— rectors of the New York and Cuba { Mail Steamship Co. are expected to | apply to the Federal court this week for removal of The receivership, indi- cating that a settlement has been reached between the general creditors, {the bondholders and the Atlantic, Gulf and West Indies Steamship Lines. It is understood about $5.- 1000.000 Ward line 5s have been ac- quired by the Agwi and will be held in_its treasury indefinitely. The price at which the bonds were surrendered is not known. In return, the Agwi is expected to receive the Ward Line free and clear. Acceler- ated business with Cuba is sald to have produced satisfactory receipts. CHICAGO LIVE STOCK MARKET CHICAGO, June 30 (United States Department of Agriculture).—Hogs- Receipts, 18.000 head. Light and me- dium weight and a few desirable weighty butchers fairly active: strong to 10 higher than Monday's aver- age: little doing on mixed and plain kinds: packers buving a few mixed loads and sows unevenly weak to 25 lower; bulk 140 to 175 pound aver- ages, 13.55a13.70: most 180 to 220 pound kind, 13.75a13.85; top. 13.85: few finished 225° to 275 pound aver- ages. 13.70a13.80; bulk strong-weight slaughter pigs, 13.00a13.35; bulk de- sirable packing sows. 11.00a11.65; { heavy-weight hogs, 12.65a13.75: medi- ums, 12.60a13.85; 'light, 12.40a13.80; light-lights, 12.00a1 packing hogs, smooth, 1%.50a11.85; packing hogs. |rough, = 10.90a11.50; slaughter pigs, 5a13.35 “attle—Receipts, 10.000 head. Choice fed steers and yearlings firm; spots shade higher on weighty offerings; others slow, weak; kinds of value to sell at 10.00 and below weak to 25 off in instances: extreme top, 13.00, paid for 1,558-pound bullocks on_ship- ping account; other heavies, 12.50a 12.85; bulk long yearlings, upward to 12.65; highly finished veariings scarce; few above 12.25, in-between grades fed steers predominating; narrow demand for warmed-up and grassy natives; she stock, excepting grainfed cows and heifers, weak to 25 lower: bulls steady to 15 off; vealers, improved quality, considered steady: bulk to packers, 10.50a11.00; outsiders, up- ward to 11.50; little change in Stock- ers and feeders; supply narrow. Sheep—Receipts, 10,000 head. Fat lambs fairly active, steady to lower; cull natives generally stead sheep, strong to 25 higher; best Idaho lambs, with light sort, 16.75; few loads, 16.25a16.60: most natives, 15.76a 16.00; sorted weighty kind, upward to 25, some held higher; most cull na- | ves, 11.00a11.50; odd lots fat native ewes, upward to 7.50; most heavies, 5.50. PR DIVIDENDS. 1 Aug 13 1 Aug 15 10 June 30 cm?ol-( 5) ofice ‘Bid. ? June 20 | ton enjoyed such ed sum. {June 1. 1 ! luncheons will be 1 jeral Tire Co. and Rl Phenix . ¥ (25 p) T & IAL. (CLEARINGS IN JUNE REACH NEW PEAK Total of $124,366,785 Shows Money Plentiful. Strong Tone on Exchange. BY CHAS. P. SHAEFFER. Never in its history has Wash bountiful supply money. The purchasing power of th city, as measured bv check trans tions, amounted to the unprecede: total of $124,366.758 in the month ¢ ing today. a mark which shatters best previous monthly record b most $10,000,000. Growth of clearances this year far, has not been spontaneous. I gradual and striking. Proof of this ; sertion lies in the fact that only month of the present calendar failed to record at least $100,000,000 cleari this being February. wh but $93.021,370 passed through the cal association. Range of otk ontt embraces from $109.000,000 Jam ary to the present month's unsurpas 3] A general feeling o which breeds prosperity, rather tb unusual factors involving the expe diture of huge sums, is held respons ble for the heavy turnover Striking an rage for the first ha!f of the prese b sult indicates will exc ¥ last confide the first six today amounts to $66 Local Dxchange Buoyant A buoyant tone was manifest on local exchange today. Po held at the prevail although no n blished pital Traction been a market month, sold sessio stock att ture for throu tional ferred to 84 Trust nced 1 and . Security stock had & cash s Mortgage and Inv brought 91, Bond trading was con issues at unchanged price: stment preferre ed to ut Savings Deposits Jump. Savings deposits of 390 wistitutions throughout the country increased $38, 000.000 to $7,820,13 the month ending June 1 1l Reserve Board reports. Compared with ar ago, the increase amounts to $317.814, 600, or 7 per cent. with | the exception of M increases. The fifth Federal Reserve d which includes this city, re savings institutions wit deposits on June 1 of $347 the an tow reg £309 Bankers to The reg Resume Luncheons. lar banker sumed tomorroy at the City Club at 1 pm. Th feature of bankers' activity, incepted during the administration of Harr V. Haynes and fed through t reign of Victor B. Deyber, has pr of such infinite value through interchange of ‘“shop that will constitute a regular func the association du Addison’s occupancy chair. Every member bank is requested t have an accredited representat present, not only at this meeting future occasions as Broker Off for Europe. G. Bowfe Chipman, resident partne of Harriman & C iled from Ne York today for a tour of Europe ir the interests of his firm He is = companied by Mrs. Chipr and the: son and will return ahe Septe ber 15. weekly Walker Made Director. Albert W. Walker was named terday to the vacancy on the board of the Firemen's Insurance ( through the recent death of father. Will Open Office Here. Eastman, Dillon & Co. of 120 Broadway, members of the New York Stock Exchange, will open a loc: office tomorrow morning in s 226-27 Tr: ion Building, was annous Leon Shc former 1o sentative of Dillon, Read & Co., w be In charge of the new branc having as his associates (. Grisco: Randle, Arthur Foraker, L. Ler and Jasper DuBose. TWO CONCERNS DIVIDE $50,000 TIRE ORDER Special Dispatch to The Star. KANSAS CITY, June $0.—The ir itial purchase of tires for the new six-wheel busses which will be oper ated by the Kansas City Railway Co. calls for expenditure of $30.000 The order was placed with the Gen the Goodvear ( NEW FINANCING LIKELY. Baltimore Phone Company May Pay Off Indebtedness. Special Dispatch to The Star. BALTIMORE June 30.—That Chesapeake Potomac Telehor Co.. which owes the parent compan the American Telephone and Tele graph Co., $4.275,999 for advances connection with ' constructfon _wor may seek to wipe out the_indebter ness by issuing security bonds {s the belief in the financial district here Whether the issue would be in cor mon or preferred stock is not know: If common stock, the stock would 1o be offered to the public, but woul be taken by the parent compan: which owns all the common shares o the local company now outstanding Should preferrad stock be issued, i thought that the dividend rate woul be 6 per cent and that the share would be offered to the public was done when the $3,000,000 7 cent preferred was floated in 1922, e Apr NEW YORK DAIRY PRICES NEW YORK, June 30.—Butter u settled: receipts. 23.420 tubs. Crear ery, higher than extras. 411;a42: do extras (32 score). 40%adl; do., first (88 to 91 score), 3912a401;. Fezs _irregular;, receipts. cases. Pacific coast whites firsts, 4215a44. 60.7 extr DRY GOODS TRADE BOOMS. CHICAGO, June 30 (Spectal. Wholesale distribution of dry good increased greatly during the last weeh exceeding the previous week’s volume« and also that of the same week a vea: ago. Road sales picked up and col lections were /mproved. o RAW SILK BIT LOWER. NEW YORK, June 30 (Special).—— Cotton goods were quiet but firm in the Worth Street Market today, re- flecting bullish private estimates of the 1925 cotton crop. Quotations fou 64x60's were 9% and for 68X72's 103, Raw silk was fairly steady. but some grades lost 5 cents a pound in price,