Evening Star Newspaper, July 7, 1925, Page 22

22 NEW HIGH LEVELS IN MANY STOCKS Broad Upward Movement in Market Lasts Until End of Session. BY STUART P. WEST. Special Dispateh to The Star. N YORK. July 7.—The stock market today continued strong in the main, with some broadening out in the Most stocks came high re. huying movement in for attention, cords were made. The cop =melting issues, after a long i | of quiescence came in for attention. more new high records for the year were Pack- ard Motor, Percie-A preférred hman, Wh common and preferred, mous Plavers preferred United Drug, Me( Stores B, Copper, which was up 3 points; Fifth Avenue Bus, Certain-teed Produet: American Bus, Certain-teed Products, baker, which reached 50 for the first time, ‘and St. Louis, San Francisco which crossed $5 Mack Truck Stock Drops. The announcement of the subscrip- [ tion rights for 75,000 shares of new Mack Trucks common was followed | by a drop in the stock. It was the thing which usually happens when | “good news,” lon pected, ¥s finally out. Shareholders are entitled to sub- scribe to the new issue at par to the extent of one shure for each five held. The new financing is designed to in- crease plant capacity There Was no ne about the cop- per trade. These stocks were simply heing taken in hand in belated re- sponse to the rise last. week in the metal from 13% to 137 a pound and also in ‘recognition of the latest fig- | ures on production and consumption, whowing an increasingly favorable statistical position. Kennecutt rose 1Wo points. American Smelting *was | up nearly the same amount. Ana- conda crossed 40, which ‘was the highest the stock has touched in some time. Tnited States Smelting, Ameri- can Metals, Chile Copper and Calumet and Ayizena were all up a point or more. s Baldwin Up 2 Points. | Baldwin Locomotive was up over 2 points as it crossed 117. Steel com mon, at 116, was up over 2 points from the low of last week. There'| was special buying in Colorado Fuel and Iron. United States Industrial Al cohol ran up over 2 points and Shat- tuck shares over 3 points. Adlis Chal- mers was notably strong and Virginia- Carolina_Chemical was unusually ac- tive, with & rise of over 3 points on intimations that reorganization yould be accomplished on very favotable ter, Railivay shares were inclined | 10 tteT. The new high record for | Louis-San Francisco was the out- | Sins ot s ool ot sl af dividend increase. i St. Louis Southwestern had a sharp | run-up, ‘Erie- first preferred was in| demand again, and Wheeling and Lake | Erie common on a very large turn- over reached 20 and the preferved 34 Wabash common crossed 34 again and Seaboard Air L. was up over a point. The Missonri Pacific issues, Chieago. Rock Tsland and Pacific and Chicago, Rock Island and Pacifi and Union were all up o point to a point and a half. Texas and Pacific jumped over 2 points, and 50 did Atlantic Coast Line MARKET CLOSE ‘TRONG. Many Issues Far Above Late Quota- tations Yesterday. NEW YORK, July 7 (#).—Another broad upward movement took plice in today’s stock market with about three | dozen issues, including seven motors | lifted to new high records for the | vear. Easy money rates, stiffening commiodity prices and merger and | dividend rumors created bullish senti- ment. Total sales approximated 1,400,- 000 share The closing was strong. S of the floating supply of such issues | as Plerc ow prior preferred, Ha- vana ctric, Union Tank Car and American Radiator resulted in their being pushed 4 to 6 points above yes- terday’s final quotations. On a mod erate amount of buying Safety Razor was under heavy a mulation in the late trading. elimbing | over + new 1925 high, . American 2 points to Markets at a Glance NEW YORK.—Stocks, strong; 7 mo- tors at new highs. Bonds, steady; semi-speculative rails advance, Foreign axchanges, irregular: francs and lire ecasier. Cotton. higher, boll weevil re- ports. Sugar, lower ier spot mars ket. Coffee, 6 poor spot demand. CHICAGO.——Wheat firm; better ex- Corn dull rt inquiry. Calttle, higher: decreasing and weak. Hogs. CHICAGO BANKS MAKE BIG GAINS IN DEPOSITS CHICAGO, July 7 (P.—A remark- able increase of bank deposits .in Chicago is shown today by reports telling of conditions June 30 as com- pared with April 6. Nineteen of the larger State ks reported an ag- gresate increase of $59,700,000, and the larger national banks showed an increase of $67,300,000, a combined total of $127,000,000. MORE LIVE STOCK SHIPPED. BALTIMORE, July 7 (Special).—Im. conditions in the live stock ss in Baltimore in June, as com- with May. are shown In the report of the Union Stock Increases are shown in re- sheep, calves, horses and compared with June, 1924, while gains are also shown in ship: ments of sheep, horses and mules. of BIGGEST AIRPLANE ORDER. NEW YORK, July 7 UP).—Ten air- planes of the carrier pigeon type have been ordered from the Curtiss Aeroplane & Motor Corporation by the National Air Transport Co. of Detroit for delivery October 1. It Is said to be the largesi commercial airplane order ever placed in this country. PIERCE OIL PLAN FAI®S. NEW YORK, July 7 ().—The plan to convert 25,000 preferred shares of Pierce Oil Corporation and 200,000 shares of common into stock of the Pierce Petroleum Corporation failed te become effective on July 1, as an insufficient quantity was deposited prior to that date. Stock tendered f6¢ exchange will be returned. . SALES GAIN 68 PER CENT. NEW YORK, ‘July 7 (#).—Sales of Robert Reis & Co. for the second quarter totaled. $2.471,779, as com- pared with $1,680,460 in the same period of 1924, an increase of 46 per cent. June sales were $954,198, an in- FINANCIAL Among the stocks which made new | |'’Am Internati. | Brown Shoe (4). AmAgricul Chmn, 1Am A2 Chm n?. | Am Beet Spe(7). | Ar Boseh...... | Am Can (7). | Am Can pf (7). Am Car&Fdy (6) AmC&Fpr (). Am Chain A (2) A Chicle. Am Express (6). Am & For Pow. Amll"!‘pft'li. Am Hide & 1 pt.. Am Ice (1) m Tce pf ( ) Am La Fran (1). Am Linseed. . Am Linsd pf 3 Am Loco (118). Am Metal (3) m Piano pf(7). m Radiator (4) Am Ry Exp (6). Am Republic. ... Am Safety R (3) Barnsdall A Bayuk Clgar. Beech Nut(2. Bethlehem Stl. .. Beth Stlpf (7). Booth Fisheries. | Briggs M{g (3% British Emp 2d. Bkl-Man Tran. Bkl Union G{4). Brunswick (3.60) *Buff Reh & P Burns Br pf (7 | Bur Add Ma Bush Terminal. Bush Trm pf( Butte Cop (50¢). 3 Butte & Sup (1). 10% Butterick 21 Caddo Central... % Cal Packing (§) 116 Cal Pete (1%)... 28 Callahan Zinc... 2% Calu& A (12%). 48% Calu & Hec (50c) 14% Can Pacific (10) 142 Case Threshing. 31'a Cent leather.... 1T% Cent Leather pf. 60% CRRNJ (112). 285 Century Rib Cero d Pasco ( () Certain-Teed(4). b51% ertain-T 1st(7). 96 Chandler (3).... 36, Ches &Ohio (4). 95% Chi&Alton..... 5 Chi & Alton pt 9 Chi& Eastlll... 33% Chi Great West.. 11% ChiGr Westpt.. 25 Chi Mil & StP... 9 Chi Mil& StP pf. 16 | Chi& Nwn (4 64% ChiPneuT (5).. 93% ChiRI&Pac... 44% CRI&PDpf(6). 84 Chi Yellow C (4). 5% Childs (12.40) .. 7% ChileTop (2%).. 34 Chino Copper. ... 21"y Chrisier pf (8) 1i6% CCC&StL(5). 150 Cluett Peab (5). 63% Coca-Cofa (7) Col Fuel & Iron crease of 68 per cent over June, 1924. Business for the first six months of the year showed a gain of 20 per cent ever the first half of 1924, Open. Abitibl Pow (4). 69 Ad Rumley pi(3) 83 Ahumada au.. 11 Afr Reduc (4)... 101% | Ajax Rubber. 14% Alaska Junea.... 1% Allied Chem (4). 90% Allled Cm pt(7). 119% Allls Chalm (6). 83 Allis Chal pf (7). 105 High. Low. 69% 69 53 538 11% 10% 1014 101% 14% 4% 1% 1% 90% 90% 119% 119% 83 105 4 20 57% 35 195% 119% 2 102% 1264 s 28% 52 134 Al% 20% 69% Am Ship & Com.. Th . % Am S & Ret (5).. 106%,106% AmS&Rpt (7). 111% 111% Am St Fdys (3). 38 38 | Am Sugar. .. 64% 65 Am Sugar pf (7). 98% 98% { Am Sumatra. 8% 8% Am Tel&Tel (9). 140% 140% Am Tobacco (7). 96 96% Toba B (7).. 957 96 Am Tobac pt (). 108 108 Am Typ Fdrs(8) 121 121 Am Type pf (7). 109 109 Am WW&E] 1.20. 61% 62 A WW&EI pf(6) . 106% 107 Am W W ist (7). 99'% 89% Am Woolen..... 40 4i% Am Wool pf (7). 797 81% Am Writ Pappf. 34 3% AmZine........ % 8 | Am Zine of 29 29% Anaconda (3)... 39% 40% | Armour Del (7).. 97 974 Armour Til A(2). 23% 23% Arn Cons & Co 9 9 Artloom Corpn.. 41% 41% Asso Dry G(2%) Asso D G 1st(6). As50 011 (2). ... 37% Atchison (7). 119% 119% At] Birm & At. 64 5% Atlantic C L(18). 1625 164 1624 AtIGuit & WI.. 5b% B5% 66 AtIGulf & WIpt 52% 534 524 Atlantic Refing.. 112 112 110% Atlan Ref pf(7). 117% 117% 117% Austin-Nichols.. 23 23% . 22% Baldwin L (7)... 115% 117% 116% Bald Loco pf(7). 110% 110% 110% Balto & Ohio(3). 77% 17% 7T% Bal&Oh pt (4).. 654 6B% 654 Bang & Ar (3). 39% 39 92 81 1818 98% 5t 10% 21 L 116 21% 116 2815 2% 50% 14% 142 321 31% 142 1% 1% 6034 60'a 285 285 35% 3 2% 52% 11% 248 8% 16 64% 92% 4415 84 4% 57% 34 22 21% 117% 116% 150 150 63% 63% Colo Southern 59 69 59 Col G & E (2.6 64 64 63% ColCarbon (4) 7% AT 4R Com Soiv A (4).. 99 99 99 Congoltum (3)... 24% 24% 24% Consol Cigar.... 3Th 37% 36% ConClg pf 18% .. 83% 84 83% Consol Distribut. 5% . 6 _ 5% Consol Gas (5).. 87% 87%°87 Consol Textile e 3% 3% ContCan (4).... 67% 71% 67% Cont Mot (80¢).. 10% 10% 10% Corn Prod (2)... 37 87" 37 Crucible Stl (4). 68 69% 68 Crucible pf (1).. 95% 95% 96% Cuban CaneSu.. 12% 12% 124 Cub Cane Supf.. 52% 53% 52 Cub Am Sug (3). 28% 29% 28% Cuban Domin... 4% 4% 4% Cudahay Pkg (7) 105% 105% 104% Cuyamel Fr (4). 66 ' 56% 56 Hud (9)... 145 145% 145 g::r:ltEd (8)... 124% 124% 124% Dodge Bros CIA. 23% 24 28% Dodge pf (7). 80% 80% 80% Dupont (10). .... 180% 182 180% DuPont deb (6).. 101% 102 101% Dugquesne pf (7). 110% 110% 110% Eastman (13)... 108% 108% 108% Eaton Axle (2).. 19% 20% 19% Elec Powr & Lt.. 35% 387% 385% EIP&LDf (7).. 91% 91% 91% E P&L pt 40%pd 109% 109% 108% E P&L full pd(7) 109% 109% 109% Elec StrBat (4). 64 64% 64 End-John (5)... 67% 68% 674 Erfe RR.. 28% 294 28% Erig1stpf... 3% B9 . BT Erie2d pf... 3T 3T% 3% Fairbks (2.60)... 38% 38% 384 Famous P1 (8).. 108% 109% 108% Famous PIrsrts. 6% 6% 6 Famous pf (8)... 117% 117% 117% Feder Lt (11.40). 32% 331 8215 Fed Min pt (7).. 56 56 56 Fid Phoenix (6). 161% 161% 161% Fifth Ave (64c). 17 17 17 Fisher Body (3). 71 72% 70% Fisk Rubber.... 21 21% 21 Fisk 1st pf (4)... 101% 102 100% Fleischmann(4). 89% 91% 89% Foundation (8).. 128% 131 127 Freeport-Texas. 17 17 16% Gardner Motor.. 8% 9 8% Gen Am Tnk (3). 45% 46 45% Gen Asphalt.... 52 53 51% Gen Asph pf (5). 93 95 83 Gen Baking (6).. 147% 147% 145% Gen Cigar (8)... 88 88 88 Gen Electric(8). 2874 287% 287% Gen El spec 60c. . 11% 1% Gen Motors (8) 86 841 Gen Mot pf (7). 113% 113 Gen Petrm (2)... 56 57 56 Gen Ry Sig (6).. 173 178% 171 Gimbel Bros.... 56% 56% 56% Ginter (1%).... 38% 39% 38% Gliaden Co. 21% 20% Gold Dust. 39 38y Goodrich 54% 537% Goodyear pf (7). 103 103 103 Goodyear pr (8) 105 105 105 Granby Consol.. 15 15% 15 Grt North pf (5). 69% 69% 69% GtNor Ore (1).. 38% 28% 28% 87" Close, 69% 53 11 101% 14% 1% 90% 119% 83% 105 20 581 . & 53% 87t 99 119% 119% 119% 119} 413% 42% 41%] 4 |art wetn su s). Greene Canan. .. Gulf Mo & Nor. ‘Gulf States S( Hanna 1stpf. ... Hartman (2%).. Havana Elec (6) . Hayes Whi (3).. Helm G W (3)... Household P (3). Howe Sound Co. Houston Ofl....... Hudson Mn 2% . . Htdson Mot (3). Hupp Mot (1)... Illinois Cen (7). 11 Cent pf (6). Indep Ofl (1).... Indian Refining. . Ingersoll-R (8).. Inland 8t(2%).. Inspir Cop (50e) . Interb Rap Tr... Internat Agri. Int Bus Mace (8). Int Cement (4).. Int Com Eng (2). Internat Har(5). Int Mer Marine. . Int Mer Mar pl’ Int Nicke Int Paper. .. Intl Paper pf (7). Int Shoe pt (8).. Int Tel & Tel (6) Jones Bros Tea. . Jordan Mot (3).. Kansas & Gulf.. KCP & L 1st (7). Kan City South. . Kaarser (Julius). Kelly-Spring. . Kelly-Spring p¥. Kelsey Whi (6).. Kennecott (3)... Keystone T& R. Kirney G R (4).. KresgeDS pf(8). Lee Tire & Rub. . Lehigh Val(31) Liggett & M(14). Lig & My B(14). Lig & My pf (7). Lima Loco (4) Long Bell A (4). Loews Ine (2). Loose--Wiles Lorillard (3) Loulsiana Of1. Louis & Nsh(6). Ludlum (2) Mecintype P (1). McCro B (1.60) .. ck Treks /6 Mackay (7). Mackay pf (4)... Macy HR & Co.. Magma C (75¢). . Mallison & Co. .. Man EI Sup (4).. Man Elev gtd. ... Man E md g (5). Man Shirt (1%), Manila El (2%). Maracaibo Oil. .. Marland O(75¢). Malin-Rock (1).. Mathieson Alka Mazwell(A)ctfs. Maxwell(B)ctts. May Dept St(5). Metro Ed pf (7). Metro G pf(1.89). Mexican Seabd Miami Cop (1) Mid-Continent }Middle States. ‘Midland P pf(19) Mis Kan & Tex. Received by Private Wire Direct to The Star Office Low. 106 12% 28% 84% 50 28% 174 40% 70% 39% 18% THE EVENING NEW YORK STOCK EXCHANGE Close. 106 13 29 84% 50 28% 177% 41 70% 40 19 4% 33 65 19% ¢ 113% 11215 34 174 WA IMK&ETpr (5).. a4 | Missouri Pacific. ;‘1 Missouri Pac pf. 18 Mont Power (4). 98, | Montgom Ward. 5%, | Moou Mot (3) ... 118, | Mother Lods 76c. 11 | Motor Whi1.60.. Mullins Bod: % | Murray B (12.40) 116 Nat Acme (sta). 28% | Nat Biscuit (3) . 5o | Nat Cloak (4). {4y | Nat Datry (3). 57 | Nat Dpt Stores 12 [ NatDst1st 1214 | Nat Distilters. 4| Nat Lead (3).... 60% | Nat Ry Mex 24. . 285 |Nevada Copper.. 121 12% 354 IN Y AIrBr (4).. 44% 44% 521N ¥ Canners(2). 4b% 45% 524 | N Y Central (7). 117% 119% 9 INYC&StL(6)..125 125 36% | NYCAStLDI(6). 91% 91% 95 | NYC&StLctfs.. 89% 89% 5 |NYNH&Hart.. 32 32 9% INYOn& Wn(1). 24% 24% 33% | NYRys pf trcfs. 282 282 11% [Niag F pf(1%).. 28% 25% | Norf & West(7). 128% 8% | Norf & Wpf (4). 78% 16. I North Am (3.40). 49% 643 | North Am pf(3). 49% 9;3‘ North Pac (5)... 66 427 | oppenneim Col.. 445 5% | Orpheum (1.80). 27w 58 | Otis Elevat (6).. 1237 34 | Otls Steel 13% 17 | Ofis Steel pf . 78 117 | Owens Bot (3)... 53 150 | Pactfic Gas (8).. 113% 63% | Pacific O11 (3)... 57 Packard (11.70). 36% Muige Mot(1.20). 22%4 59 |Pan-Amer (6)... 76 3% | Pan-Amer B (). 76 47% 1% 99 zéa. 24% 4 36% 2 84 |Peovles Gas (8). 113% 5% | Eeoples Gasrts.” 1% 8734 | Beoria & East... 17% 4t | Pere Marg (4)... 61 7133 | Ebla Co (4) 584 Jon|Phila&RC&T.. 394 37" | Phillip Morris... 174 0w | Enillips Pet (2). 43% 96v; | Blerce Arrow.... 85% 121 | Blerce Arrow pf. 83 52 | Blerce-A prior 8. 177 291 | Plerce Ofl. 2 Pierce Ol pf.... 31% 4% | Plerce Petrol.... 7 104% | pitts Coal pt(6). 87 6% | opittsFtWay (7). 141% 1454 | Pitts Ut pf 11.20. 16% 1243% | Pitts & West Va. 70 24 |Postum Cer (4).. 119% 807 | Press Steel Car.. 52 182 | Prod & Refin 25 102 |Pro& Rpf(3%). 44% 110% | Pub Ser NJ (). 70% 108% | Pub Serv NJrts. % 201y | Pub S N I pt(s). 112% 3713 | Eullman Co (8) . 139% 91 | Punta AlSu (5). ~39% 106%, | Bure Ol (1%)... 29 109% | Radio Corp of A. 574 643 | Ry St1 Spg (8)... 124 68 | Ry StSppf (1).. 118% 29y | Ray Cons Cop... 13% 38% | Reading (4). £84 3713 | Reading 2d (2).. 40% Robert Rels..... 26% 38% | Remington Type.. 74% 108% | Replogle Steel... 13% 6 | RepIr & Steel... 46% 117% | Rep 1 & 8 pf (7). 844 33 | Repnolds Sprngs 9% 55 |Rey TooB (3)... 7% 161% | Rogsia Ins (6)... 89 ;7“ Royal D (4.42%) 51% 21% | St Joseph Ld(2). 36% 1013 |StL & San F(5). 83% 89% | StL San F pf(8). 84% 120% | St L Southwest.. 47% 17 |Savage Arms. 57 Senatee ()20 111% 131% 8% | Seaboard Air Li.. 324 33% 421 43% 16% _ 16% 171 1T% 145% | Shattuck-Ariz... 5% 5% 88 |Shattuck FG(2). 64% 64% 287% | Shell Un (1.40).. 24% 2444 11% | Shell'Un DE (6) .. 1033 103% 86 |Stmmons Co (2). 45 46% 113 | simms Pet (1)... 28% 28% 56% | Sinclair O11. . 221 22% 173% | Stnclaix pf (8)... 931 93% 565 | Skelly . 21% 28 39% | Sloss-Sheft (6).. 90% 91% 20% | South Pac (6)... 99% 99% 39 | Southern Ry (5). 98% 98% 54% | South Ry pf (5). B6W 864 103 |Spear&Co...... 18% 18% 105 |Spear&Copf(7). 8 89 16% | Spicer Mfg. . 25% 26% 69% | Spicer pf .. 106 106 28% | Std Gas & E1G). 51% 53 138% 124 444 45% 1T4% 125 913 894 32 24% 282¢ 28% 128% 8% 48% 491 66'% nx, 7Y 52% 113% 564 35% 22 T5% T65% 12 30% 113% 36% 837% 84% 4T% 55 111% 82 42% 15% 169% 5% 64% 24 103% 4% 23 22% 93% 27% 90% 98% 98 85% 18% 89 247 106 51% 105% 30% 20% “f: NEW YORK, July 7 (#).—The Pa- 125 | cific Fruilt Express has ordered 128 | 44% | refrigerator cars from Pacific and | 45% | Foundry Co., Railway Age says, and | 119% | International Railw of Central | 125 |America 20 stock cars from the 91% | gor Car Co. The Baltimore and Ohlo 89% | also has ordered five dining cars from 32% | the Pullman Manufacturing Co. Pyt et —————————— 282 28% | Std GAEIpf(4).. 3% 53u 534 129 |StOf Calif (2).. 58« 58k 58 78% |StONINT (1).... 43% 43% 4934 | StOL N J pf (7). 116% 116% 49, | Sterling Prod(4). 687 [ 5674 | Stew-Warner (5) 6 % 13 140% 39% 29% 56% 124 118% 13% 1y 0 26% 5% 18% 461 84u% 9% % 89 521 36% 85 85% 48% 55 111% 8314 42% 15% 169% 5% 6‘* lDSh fl% 22% 9844 27% 80% 9% 98% 85% 18% 89 25 106 51% @ |Chemical brought the quotation for the IGREATER ACTIVITY IN BOND MARKET Rail and Copper Issues Free- ly Bought Today—Two New Offerings Brought Out. BY GEORGE T. HUGHES. : Special Dispatch to The Star { NEW YORK, July 7.—Increased activity among the more speculative obligations was the feature of the day in_bonds Railway issues were especially fa- vored, among’the leaders being Mis- souri, Kansas and Texas adjustments and the St. Louis-San Francisco in- comes. The first named were up a point on fairly large volume. The second crossed 89 to within a fraction of its best previous price. Railroad Bonds Bought. Buying of the Missouri-Kansas- Texas bonds was based on hopes of a higher dividend on the preferred stock into which the bond is convertible, while_the advance in the St. Louis. San Francisco issue went on accom. panied by more talk about an offer to the holders of preferred or common stock in exchange for their bonds. At the same time there was animated in-| vestment buying of St. Louis-San | Francisco prior lien “A” 4s. The same influence advanced the quotation for Southern Railway general 4s. Copper Liens Strong The strength in copper stocks ongthe Exchange was reflected in higher pfices for some of the copper bonds. Chile Copper 6s went up nearly 2 points on this movement. Prospect of early re- | organization of Virginja-Carolina 7 per cent bonds up to within a half {point of par. American Agricultural Chemical 713s went higher, also. Heavy trading in Sinclair 6s at higher prices was the outstanding feature among the oils. The feature in the in- vestment group was a new high price | for New York City 41as of 1971. Today's New Offerings. Aside from a minor upty in Bel ues the market for foreign as without Important change. | New offerings included $8.500,000 To- ledo Traction, Light and Power five year 5% per cent note\ at 99 and| $1,000,000 City of Minneapolis 4s and 58 at prices to yield 4 per cent and $1,000,000 City of St. Paul 4s and 415 also at prices to yleld 4 per cent 5 e FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal " Selling checks wolg value, London. pound -$4.8665 * sn‘ Montreal.” dollar 1.0 Parls, franc. g Bruscels. franc Berlin. mark. . | Rome. 1iva Zurich. franc.... Atbens, drachma. Madnd. peseta. . Vienna. crown crown crown Stockholm. crown NEW YORK, July eign { exchanges ea wtions ip cents: | Great Brittain—Demand, 48554: cables. | 4861 60-day bills on banks, 4813 | nee—Demand, 4.641 ables. H ly—Demand, 3.65 1.60 | Demand—RBelgium. Germany .80: Holla 40.05; Norway, 1%.00; Sweden, 26.77; Denmark, 20.50: Swit zerland. 19.41; Spain, 14 Greece, 1.60; Poland, 191, Czechoslovaki 2.96; Jugoslavia, 1.75: Austria, 14%: Rumania, 46; Argentina, 40.37; Brazil, 11.00; Tokyo, 41; Shanghai, 781z; Mon- treal, CAR OiDEBS PICKI);G TUP. 100. Stromberg (6).. Studebaker (4).. Submarine Boat. Superfor Ofl. ... Sweets (new) Symington. . STAR, WASHINGTON, D. Anaconda 1st 6s... 53 Anaconda cv db 7s. 49 | Andes Cop 7srcts.. 94 | Armour & Co 414s.. 45 Armour Del 5%s.. 38 Atiantic Refin 12 ! Barnesdail s f 8s 2 £ell Tel Pabs..... 2 | Beth Steel pm 5s... 2 Beth Steei rf 5 4 Beth Steel 57 10 | Beth Steel s f63... 29 | Brier H St 1stb%3s 1 Bklyn Ed gen 53 9 Bklyn Ed 6s B. 4 Bush T Bldg 60 5 Callf Pete 6%=. ... 6 Cen Leth 88 45 cfs. 16 Chile Copper §=.... 92 Symington A(2). ‘Tennessee Copl. . Texas Co (3).. .. Tex Gulf § (745) 13 Tex & PacC&O. 16 Tex & Pacific. ...~ 50% Third Avenue. .. 124, Timken RB(f4). 41% 42 Tobac Prod (6).. 80% 82 Tob Prod A (7)., 101% 101% Transcont Ofl... 4% ™ Underwood (3).. 44 444 Un Bag & Paper. 46 46 Union Oil (1.80). % 5 Union O1 (1.30). 37% 38u Un Pacific (10).. 139% 139% 139% Un Pacific pf(4). 75% 76% To% Un Tank Car(5). 130 130 132% Utd Alloy Steel.. 24 24 241 Utd Cigar(13%). 88% 88 901 United Drug (6). 129% 129% 130% USCastIronP.. 158 160% 158 159 U S Distributing. 33% 34% 3314 34 USHoff (2)..... 37% 38% 37% 8381 USInd Alcohol. 87% 88% 87% 87% U S Realty (8)... 134% 135% 134% 135% US Rubber..... 564 56% 56l b6% U S Rub 1st (8).. 106% 107 106% 107 U'S Smelting(3). 37% 39 37% 38% USSmpf (3%). 45% 45% 45% 454 U S Steel (17)... 115% 116% 115 116 U S Steel pf (7).. 124% 124% 124% 1241 Universal Pipe.. 3213 3314 30% 33% Univer Ppf (7).. 69 71% 67% 71 Utah Copper (4). 91% 931 911 93% Vanadium..... 3% 31 3% Van Raalte. 20 20 20 Va-Caro Chem. %A% A Va-CaroChem B. 2 2y Va-Caro Ch pf 15% 18% Va-Caro Ch ctfs 2% 2% Va Ry & Powe, 120 120% Vivadou.. 16% 15% Wabash. . 33% 3T Wabash pf A(5). 68' 68'a 67% 68 Waldorf (1%4)... 15% 15% 16% Ward Baking B. 67 67% Ward Baking A.. 167 167% Ward Bak pf(7). 106% 1051 105% 105% Warren Co (4)... B0 - 504 4935 493 Weber (4)....... 56 56 56 56 West Pen (4).... 122 122 122 122 West Elec pf(7). 114% 115 114% 114% West Maryland.. 13% 14% 13% 14% ‘West Md 2d pf. 20% 224 2044 22% Westn Pac (5a).. 35% 36% 354 35% Wesn Pac pf(; 87% 87% 87 874 ‘West Union (7).. 136% 136% 135% 1354 West Air Br (8). 101% 105 101% 105 Westinghse (4).. 71 71% 71 71 Weston A (2)... 23% 231 2315 2315 Wheel & LErie.. 18% 20 184 198 Wheel& LEPf.. 83 34% 33 333 White Eagle (2). 27% 2T% 2T% 27% White Mot (4)... 75 756% T4% 74% White Rock (12). 43% 43% 41% d41% Wickwire ctfs. A% 4% 4K 4y wilson & Coctfs. 21 21 21 21 willys-Overld... 19% 20% 19% 20% Willys-Od pf(7). 104% 1041 104% 104% Woolworth (3).. 162 164% 162 163% Worthn Pump... 41 414 41 414 Wright Aero(1). 30% 31 30% 30% wrigley (13%).. 50% 50% 50% 50% Yellow C (2.52).. 47T% 47% 47 47 Youngstown (4). 67 67% 67 67% *0dd lot. Pa extra, $Payable in Enl!lr‘l stoek. Dividend rates 'ss given in she wbove "table are the annual ca iatest quarter; iiF yearty "decisresions, %"u& A TUESDAY, JULY 7, 1925 [oxsew vor BONDS s sxenwver] (WORE BLACK RUST |SERVICE CHARGES Received by Private Wire Direct to The Star Office. UNITED STATES BOMDS. ‘/(Bales are in $1,000.) Sales. High. Low. Close. Lib3%s... 29 1013 10031 100 31 Lib1st4%s 75 1036 10230 1036 & Lib2a4%s. 99 Lib 3d 4%s. 213 101 15 10112 10112 10126 101 22 101 22 Lib4th4ls 289 1038 1035 1035 US4s1944. 15 10411 1048 1048 US4%s’52 12 1086 1086 1086 FOREIGN. Sales. High. Low. Close. Argentine 58 .4 264 s6h Argentine 65'59... 23 96% 96% Aggentine 63 A 12 964 96 | Argentine 63 B 156 95% Argentine 7 12 103 Austria7s. ... 26 99% Bank of Japan 6s.. 6 100 Belgium 6s........ 52 86% 864 Belgium w.uwl .28 93 92% Belglum s wi..... 34 981 98 Belgium T¥%s 3 108% 108% Belgium 8s. 13 107% 107% Berne 8s. 8 109 109 Bolivia $s. . . .20 95% 95% Bordeaux 6. 1 844 Bd% Brazil 7s. . .25 82 81% Brazil 8s. 34 usw 98 Canada 53 1926 100% 100% Canada 55 1931 51 2 Canada 58 1962.... 1 Canada 5%s1929.. 11 102% 102% Chile 751943...... 7 101% 101% Chile851926...... 6 102% 102% Chile8s1941...... 17 108 108 Chile 85 1946...... 4 107% 107% Chinese Gov Ry b3. 27 42% 42 Christiania 8s 2 110% 110% Con Pow Japan 7s. 286 92 91% Copenhagen 5%s.. 16 98% 98 Cuba 5%s. . .18 Czecho 8s 1951 . 7 Czecho 8s 1952 ct.. 7 Danish Munic 8s A. 2 Denmark 8s. , . 18 Denmark 8s. . DEI5%s Mch '53. DEI5%s Nov'53. Dutch East I 63’47 Dutch East I 6s 62 El Salvador 8s "4 Finland s f 65 45. . Finlands 7s....... Framerican 7% French 7s.. French 7%s. French 8s . Ger El 6% 50 wi. German 7s. .. Ger Gen Elec T Greek 7s Haiti § i Holland-Amer 6s. . Hungary 614s. Japanese 4s. .. .. Japanese 6148 . Jergens U M 63 47. 3 Lyons 8s. Marseille . Mexico 45 '04 asnt. Mexico 45 10 asntd Mexico 5s assented 5 334 33% Montevideo 7 . T 95% 95% Netherlands 6s '54. 7 103% 103% Netherlands 65°72. 1 106% 1065 Norway 5%s wi. 967 96% orway 65 1943 . 100% 100% orway 65 1944 100% 100% orway 65 1952. 100% 100 orway 8 . 6 110% 110% Paris-Ly's-Med 6s. 6 764 7h% Paris-Ly's-Med 7s. 7 86% 86 Paris Orleans 7 8o% 84 Peruss..... 100% 100% Poland 8550 wi. 90 9% Porto Alegre §s 9 96 Prague 7%s. .. 94% 945 Queensland 65 10435 10415 Queensland 7s. 112 112 Rio de Jan 8= 194 95 95 Rio Gr Do Sul 83 96% 96k Sao Paulo City $s 100 99% a0 Paulo State §s. 10 103 103 t of S Paulo rets. . 12 100% 100% Seine Deptefis... 1 8% 88 Serbs Crot Slo 8s.. 29 X=Bly S8 !Sweden 5%s ct 71 100% 100% | Sweden 6s. . 4 10415 104% | Swiss 5%s 1946.. .. 27 102% 102 SwissConted 83... 15 116% 115% | Ud Kingm 5%s .1 116% 116% Ud Kingm 5%s'37. 52 105% 104 Ud Steam Copen s 2 947 94% MISCELLANEOUS. Ajax Rubber 8s. R 101% Am Agr Che Am Agr Chem Ani Chain sf 68'33. 7 Am Smit & R 1st 53 12 AmSmit & R6s. .. Am Sug ref 6s.. AmT& Teltrds.. AmT&Tcltrss.. 4 AmT&Ts?6s... 183 Am T & T deb 5%4s. 11 AmT&TcvEs.... b5 Am Writ Paper 6s. 6 102% ColGas& Elbs. ... Col Gas & Els sta. 1 Con Coal Md 1st bs. 1 Con G NY 6%s wi. 177 Consumers Pow 5s. Cuba Canecvd 8s. Cuban Am Sug 8s.. Denver Gas § < 102! 86% 96% 96t 957 102% 9% 100 86% 93 98 108% 107% 4 109% 95% 841h B1% 98 100% 103% 102% 101% 102% 108 107% 42% 110% 92 9%% 4 110% 100% 100% 10244 102 105 87 9415 93% 904 994 10244 87% 97 934 Rblg 964 Dery (DG) 7 2 Det Edison 6s'40.. 2 Det Edison ref 6s.. & Dodge wi .34 Du Pont de 8 DugL&P5%s'43. 1 Duquesne Light 6s. 7 Est Cuba Sug T%s. 2 Empire G & F 7%s. 27 Gen Refractres 6s. 5 Goodrich 6 %: . 19 106% 105% Goodyear 88 1921.. 21 110 4 109% Goodyear 85 1941.. 19 120% 4 1208 Hershey 63 1342... 2 104% 104% Humble O& R5%s 3 10244 102 Iilinots Bell 1st 5s. 12 1014 101% Indiana Steel bs... 4 103% 103% Int Mer Marine 63. 16 86% 864 Inter Paper 55'47.. 7 924 917 Inter Paper 6s. 64 9% 9% KCP &Lt5sA'52112 100% 100% Kan G & E16s'62.. 5 102% 1025 Kelly-Spring 8s... 1 102% 1028 Keystone Tele 5s. 8115 Lackawa S 58 '50. . 94 Laclede G 5%s '63. 101 Liggett & Myrs 55. 5 101% Lorillard (P) 5s... 971 Loulsv G & E 55 ‘62 974 Manati Sug sf 7%s 101% Mid-Con 6%s. "40.. 98 Midvale Steel 65. .. 911 Montana Pow 5S. 100% Mor's & Co Ist 4%s 8 3% 133’;: be 15t 5s. .. Nat Tu e 1024 7 101% 101% 9 11415 114% 8 89% 89% 1103% 108% Tel . 2 98% 98% :;Tll . 12 108% 108 NY Tel8s’49..... 5 110% 110% North Am Ed 6s... 5 101% 101% North Am Ed 6%s. 2 104% 104% NorOhloT&L6s. 7 96 95% 96 Nor States Pow 5s. 9 98% 98 98% Nor States Pow 63. 4 104% 104% 104% Otis Steel 7%s.... 14 99% 99 99 98 T 97T 97% 101% 101% 101% 98% 98 984 110% 110 110% hila Co 5% 9% ThilaCoref 8sA.. 11041 104% 104% Plerce-Arrow 8s... 7 1031 103% 108% Producers & Rf§s. 3 111 111 111 Public Service 65.. 28 99% 994 99% Pub Serv Elec 6s... 3 106% 105 105 P Serv Gas 5%s 2-104% 1045 104% P Serv Gas 5%s'64 1 104% 104% 104% Punta Alegre 7s... 6 106% 106 106% Remingtn Arms 6s. 1 88 8815 884 Rep Ir & Steelss.. 1 96 96 96 Sinciair Of1 63.....173 113% 112% 113% Sinclair Oil 6%s. 3 89 88%_89 M5 M MK Staclatr Ol Virginia Ry 1st §s. 1. Va Ry & P 1st 68...-15 ‘Wabash 1st s Wabash 5348 2 100% Sales. High. Lov. Close. 31 100% 100% 100% 6 87 87 87 Skelly Ol 6% 39 117 116% 116 South Bell Tel 5., 1 101% 101% 101% Southwest Bell 5s.. 30 100% 100% 100% SugEstOrient7s.. 1 94% 944 94% Tenn Elec Pow 6s.. 14 103 102% 103 Tide Wat Ofl §%4s.. 10 108 103 103 Union Bag& P 6s.. 10 964 96k 964 USRublistrfbs.. 86 90% 89% 90% U S Rubber 7%s... 8 107% 107% 107% USSmelter6s..... 2101 100% US Steel s f5s.... 21 106% 106 Utah Pow & Lt. 7 96% 964 Va-Car Chem7s...114 99% 984 98% Va-CarCh7%s w..162 75% 74l 76% Warner Sug 75°39. 1 80% 805 804 West Elec bs. 9 100% 100 .100% Westn Union 6345, 3 112 112 112 Westinghouse 7s.. 26 107% 107 107 Wickwire Spen7s.. 1 81% 81% 81% Willys-Ov 6%s°33. 5 102} 102% 102% Wilson& Co1st6s. 2 99 99 99 Wilson& Cocvés.. 16 73% 72% 73% Wilson & Cev7%s. 11 72 72 72 Winchester A 7%s. 3 101% 101% 101% YoungstnS & T 5 99% 9915 99% RAILROADS. Ann Arbor 4s. . 73 2% Atchison gen 4s. .. 905 90% Atiantic CL 1st4s. 15 934 93 Atlan CL 4%s 2 934 98% 1074 107 90% 90% 93% 93% 92 91% , 9 102% 102% 11 103% 103% 21 103% 103 3 88 88 -2 e dex 1% 91 Buf R&EPItt 4%s. 5 874 86% Canad North 634s.., 29 117% 117% Canad North 7s. 3 116% 116% Canad Pac deb 4s.. 39 80% 80% Car Clinch & O & 1 101% 101% Cur Clinch & 0 6. 11 107% 107% Centof Ga5%s. 2 102% 102% Central Pacific 4 2 89% 894 Ches&Ocvila...23 98 97% Ches&Ogn43s.. 19 91% 91% Ches & O cv 68 20 106% 106 Chi & Alton 3s 5 4% 64% Chi& Alton3%s... 14 51 504 Chi& Alt3tisctes. 40 50% 504 50% ChiB&Qgn ¢s 19 80% 90% 90% Chi&EIgnbs.... 44 78% 175 76% Chi Great West 42 6% 64% 64% | C M & Puget Sd 48 8% ATh 4B | CM&StP4n 25, 49% 484 494 CM& 49 484 49 cCM& 80% 79 804 CM& 47% 48 49 CM& 901 897 904 cMa 49 48% 49 cMe 494 4B% 49Y CM& 103% 103% 103% pTh AL & 8T% 8T% 87% ChiT 89 89 89 Chi U 931 93 93 Chig: 80% 80% 80% cew 99% 99% 99% | 99% 99% 994 108% 103% 103% 95% 96% 95% 881 88% 884 1041 104% 91k 91y 106% 106% 1024 102% 10246 B4% B4% 84% D & Rio G imp 5s. . 9815 98% 984 D & Rio G Wst 6 57 56% 56% Det United 4138 89% 88% 89% Erle 1st cons 4s. 2% T2 724 Erie gen 4s. .. 62% 6215 6215 Erleconv4sA... 64 644 Erieconv 4s D. .. 1% 70% Erie & Jersey vs 104% 104% FlaECbs°74. . 96% 95t 95% Gr Trunk sf ab 6s. 107% 1074 107 | Grand Trunk 7s. 116% 116% 116% Great North 55 95% 961, 96'% Great North 514s.. 9 1024 102'a 1024 Gr North gen 7s... 24 110l 110% 110% G Mob&N 514sB'50 2 101% 101% 101% Havana ERL&P'50 22 94 93% 94 Hud & Manrefbs.. 41 92 9I% 91% Hud & Man aj 5, 9 T6ls 764 T6'a 111 Central 5% 5 102% 10215 10245 111 C-C St 053, 1 100% 1004 100t Int Rap Tranbs... 18 684 67% 68% IntRap Tr5sstpd. 20 67% 67% 67% Int Rap Tran 6s. 5 Tl 0% Tik Int Rap Tran7s... 13 91 90% 91 Int & G Nor 1st 103% 103% Int & G Nor aj 3% 73% Towa Cent 1st 58% 58 Kan City FLS 4s. 87 874 Kansas City S 3s. 785 734 Kansas City S bs. . 1% 91% KanCity Term 4s.. 20 861 86% 864 Lake Shore 4s '2 2 98% 98% 95% Lake Shore 4s ‘3. $ 2 nioen Lehigh Val cn 4 8315 83 834 Lehigh Val 58 2003, 12 101 101 101 Louls&Nuniés... 1 94% 94% 944 Louts & Nash 5%s. 1 108% 108% 108% Manhat Ry cn 4 1 624 62% 624 Man Ry 2d 4= 2 1 66 55 65 Market St Ry 18 98% 99% 99% MiEI Ry & L b 3 914 914 M&StListrfds.. 1 22% 1 102% | 6 83% 6 8% 87% 94% Mo Pacific ger 4 65' Mo Pac bs 1965. 89 | Mo Paoific 6s. 1014 Mo Pac 8sefs..... 108t Montr] Tm 1st 6s. 9% 97% New Or Term 4= 84 84 | N O Tex& M in 53 8%~ -1 1} NoO 1015 101% NO 101% 101% No 100% 1004 NY 73% T8% NY 86k 864 NY 94% 9475 NY 1014 101t NY 958 95% NYChi&StL5%s 37 97% 97a° 87% NYC&StL6sA.. 1 102% 102% 102% New Havencd6s.. 10 91% 91% 91% NYOnt Wist4s... 16 694 68% 68% NY Rys 68 '65. 30 N Y State Ry 414s.. @1 66 NY W & Bos 4% 67% Norfolk & W cn 91 Northern Pac 3 61% Northern Pac 48 5 86l 864 86% Northern Pac r 1 5 107% 107 1074 Ore Sht L cn 6s " 11054 105% 105% Ore-Wash 1strf4s, 1 83% 83% 83% Pennsylgen 4%s.. 40 98% 931K 93% Pennsyl 5864 45 98% 98 98y Pennsyl 6345 « 16 1104 110% 110% Pennsyl gold 7s.... 10 108% 107% 108% Peorfa& Eincis.. 29 34% 3% 34% Pere Marq 1st 5s... 11 99% 99% 99y PorRL&PSs'47.. 5 99% 99% 991 Reading gen4%s.. 13 94 93% 94 Reading JC4s61. 5 92% 92% 92% RioG West 1st4s.. 3 884 864 86% Rio G West cl 4 6% RIATk&L 4 87% St L IM&S 4529 95% St L IM&S R&G 4; 88% StL&SF pl4 7% StL&SFprin 91% StL&SF 6%sD. 9% StL&SFad) 92% StL&SF inc 894 StL &SP pl 6 102 StLS W 1st 4 83% StLS Wconds'sa. 1 90% StP&KCShL i%s 4 864 Seabd ALref4s.. 3 1% Seab'd A L adj 5s.. 90 811 Seab’d A L con 8 94% Sou Pacific 4s'29.. 6 97% Sou Pacific clt 4s. . ¢52 87% Sou Pacific ref 4s.. 27 20% Southern Ry gn 4s. 28 79% Southern Ry 1st bs. -2 103% Southern Ry 6s ct.. 31 105% Southern Ry §%s.. 11 110% Texas & Pac 1st §s. 18 101% Third Averef 4s... 15 57 Third Avead) bs. .. 23 41 TolStL& Wis... 6 86% Union Pac 1st 4s... 84 92% 92% 92% UnionPaclstrids. 3 87% 81% 874 Union Pac 48’27 8 994 Union Pac cv §s. 1 108% Wheel&LEcn4s. 1 7% LIVE POULTRY UNSTEADY. CHICAGO, July 7 _(®).—Pouitry, uln. unset! fowls, 20a23; broilers, ; roosters, 14; turkeys, i gese, 13l | July TALK LIFTS WHEAT Moderate Price Advances Today on Rather Light Volume of Trading. By the Associated Press CHICAGO, July 7.—Unfavorable re- ports about black rust development led to higher prices for wheat today in the early dealings. The adverse crop |growth reports came from widely scattered |airing at 1 10 BE DISCUSSED Unprofitable Bank Accounts Will Receive Airing at Next Business Meeting. BY CHAS. P. SHAEFFER The moot question of unprofitahie bank accounts and satisfactors method of combating their cancerous is scheduled for a thorough the territory Northwest and, together with | of the District of Columbia Bankers higher Liverpool quotations, gave the market a decided upward trend. Bt ing was of no great volume, but, the other hand, offerings were scarce The opening, % to 1 higher. Septem. |ing the situation. F on | ers of th | ber 1417 to 1.423% and December,! 1.4313 to 1.44, was followed by a slight | and, reaction and then by a rise which car- ried September to 1.43% and Decem-| to ber to 1.44%. Corn and oats went up with wheat, After opening at 1 off to tember 1.01 to 1.01%, little, but later scored gains all| around. Oats started at % lower to % high-| er, September 4 to 46. Later ali| months showed some advance. Lower quotations on hogs pulled down provisions. WHEAT— < ] COTTON QUOTATIONS WORK BIT LOWER Good Crop Conditions Main Factor|! in Keeping Values Low in Markets. By the Associated Press NEW YORK, July 7.—The cotton market opened steady today at a de- cline of 5 points on July, but gen- erally 6 to 8 points higher on the bet- |0 ioion 'S ter tone of late cables from Liverpool |t¢; and continuance of the Texas drought. | |oue %1 There were a few July notices, but | i qei eyl |initial offerings of that position were | soon absorbed and active months sold | yyioe 1 5 to 16 points net higher in early |y ounte have been c: trading, October advancing to 7% up, Sep-| corn sagged a | | {charge of $1 { P Demand then tapered off. There = a good deal of comment on favorable crop conditions in the Eastern belt, and prices showed reactions of 8 or 10 points from the best New York cotton futures closed teady at net advance of 33 to 38 poin Ortober December Januars March 2 New Orleans Quotatios NEW ORLEANS, July 7.—The cot ton market opened steady. but with out much activity. Although Liver trades here showed no chan: points up. Prices rallied further after the call, October trading up to 22.78 and December to 22.94, or 14 points above vesterday’'s close. The main stimulating influence was the continued drv warm weather in the West. on lack of sustained support losing about 10 points from the early highs. | Washington Stock Exchange SALES. sD-C. Paver 65—$1.000 at 85. 32.000 at cmm Traction Co.—10 at 100%. IU&. shingtor sion Loan & Trust Co—10 ab 0 at 20 at ‘”‘e” ‘nihaler Linotyoe—1 at 178 L Natl, Mtge. & Invest. pid at 9%, 40 at 9%. AFTER CALL Gapital Traction Ge—-$1.000 at 90 Washington Loan & Trust Co.—I10 at T 1hotomat Eler. cons. 55—$1.000 at 100 $4.000 at 100% Washington Gas fs Capital Traction Co 100 Tanston Monotspe—15 at &5 Capital Traction Co.—15 at 100 Mergenthaier Linotype—10 at 178 Money—Call loavs. 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY 33100 at 1027 at 10075, 10 at American Tel. & Telza. 4n Amer Tel & Telea, § A el & T Am: Tel. & Tel: conv. Anscostiy & Potomac Ana"% Botomac Fua &% ¥ Telephone b & & B Teievhoncof apital Traction B, R City & Suburban 5. rzetown Gas 1st Be. 925 96" BoTomae Elec et bars. 100 Potomac Elec. cone. 5e 100 Potomac Elec. 6s 1953 108 POt El. Pow. §. M. & ref.7s. 1071 Wash. Alex. Ede Ver ses 1z T Alex: & MU Ver ctfs. @ 3 Waep Baft & Amnap-Ge A% w ioi He by i Wae: Rw. 5mn- gen. 6s.0 1021 102% . MISCELLANEOUS. . C. Paper Co. 6s. 15 ,Joint Stock 1d Bk bu.. ¥ & W Stesmpodi. 2 2 5% Wash. Rwy. & Elec. com. 103 106% Wash, Rwy, & Elec. pid. 83w 84 Terminal Taxi coni...... 90 Commareial . District .. Farmers & Mec) Federal-American National ‘Metropolitan. . BIgRE ..o TRUST COMPANY American Security & Trust... 31 1 Trust A American m“fl Union. © TITLE muum s The number of savings bank de- positors in the United States is now estimated at 40,000,000, This is near- 1y double the number in 1919, X Trading prices then eased off | at | | nority Association, this Autumn. 1t is hardly to be expected the bank city will be asked to enter concerted action in remedy neis G. Addison new president of the association incidentally. one of the best men | ever named to the offics expected plan an educational campaign among the banks of the city, support €d by hard, cold statistics, ending with the suggestion that every bank act in dividually in the interests of both par- ties concerned. The question of service charges into any i, h- | the District has never reached a stage of uniformity or unanimity. = Some maintain them, while others do no The amounts exacted, moreover, var, from 50 cents to $1 a month At the 1924 convention of the Dis ;”afi.,f}'q;“ % [trict Bankers' Association, analys 1419 1457 1414 of bank deposits was submitted by W\ 143%; 1468% 143% J. Waller, which proved conclusive 98% 09% 967 that some remedial measure was nec 101 ¢ 1041 1008 essary to conpensate the banks wh 88 6% jactonly in the capacity of bookkedy 14% {In this analysis 22 reporting inst % | tions show that 50 per cent of the . Y™ | accounts averaged but slightly mor 94% 981 | than $29. These accounts were ne 8% 1:02% {only carried without profit. but act g ally at a loss. ;;}9 Separate Action Urged Mr. Addison, after zivin sideration to the matter ndividual action is the only tory solution. He does not prope lay his association open that the majority is powerful in policies to uling the mi e followed by 1he he simply. advantas of the other and let for themselves nks and trust Louis, on July weake to sketch propose the banks of St check \anies ed 2 st month v ing accounts $200, There are ompanies in the ing members and 8t T and agreement, iate emiha ne mber in the uis Clearing 11 A~ 2 other banking in in the city. T careful cost surveys and trust ¢ ick disclose that 50 per in In establishing the new customers whose accounts : be advised of the justification for a servi encral feeli s that with Trading on kocal Exchange. Stock of the Washinz Trust Company r t the loral hoard thi 2 met zain of 113 peinte 1o 11 of 80 shares Aside fre n Loar this cons prices maintained x firm tone. Lar ston was traded in at $5. and_Merzen the day's Traction stock, after ope eased off te par on sal National { Mo +nd stment preferred | { { 1 | the New York bros The bond list District Paper 6 9 and Potomac at par and an e was neglected, §: at $5, tion nsolidate representinz 58 th, Ithe only activity Bank Votes Dividend. The Washington Savings Bank declared its initial dividend at the raiss of 2 per cent for the half year endeg June 30. Organized in 1917, its resources or June 30 amounted to $840,679.7 Thomas E. Jarrell heads the instit tion, with J. D. Leonard. vice pres dent and cashier. Branch Office Opened Here. Eastman, Dillon & Co., members of Philadelphia and Pitts burgh Stock Exchanges, today opener a branch office here in the Transpo tation Buildinz. A general inves ment business will be conducted Leon Shore, well kn in Wasi ington bhond offices. ha o branch CHICAGO LIVE STOCK MARKET CHICAGO. July 7 (United States 1 partment of Agriculture).—Hoge ceipts, 20,000 head; slow, desirable | and medium weight, mostly lower than Monday's high time; plain kinds and butchers, uneverly 10 1o s average. Rul rages, 13.90a14 180 to 210 pound kind, most .40; early top, 14.50; bulk pound ‘butcherz, 13.90ai4.15; "king _ sows, 12.00a slaughter pigs. 25 lower; bulk, welght, 13.00a13.50; heavyweizht h 13.00214.25; medium, 13.40a14,50; lig 13.00a14.50; light _light, 13.00a14 packing hogs, smooth and roug slaughter pigs, 12.75a13. tfle—Recelpts, §,000 head; 25 lower than Monda 140 to 175 pound av sorted, ron fed steers and yvearlings of value to sell at 12.00 upward; steady with Monday's average market; others dull, weak; spots lower; killing quality relativelv plain; best weighty steers, early, 13.7 some held higher; several loads, 1 13.40; native grass steers, largel 2.00 to killers; little change o1 other classes; vealers, 50 higher; pack: ers, upward to 12.00. Sheep—Receipt 000 head native lambs fully steady: ask higher on Westerns; desirable naf'\"l sorting moderate; heav{ fat nat lambs, 13.00a13.50; cully mostly 10.50; one deck choice feeding lambe steady at 14.00; sheep scarcey steady; odd lots native ewes, 6.00a7.50. PRODUCE EXCHANGE WINS CASE IN COURT NEW YORK, July 7 (P .—The right of the New York Produce Exchunsze to ‘elect or reject candidates for mem» bership and to prescribe conditi for membership was upheld today:hy the appellate division of the Supreéme Court, which dismissed judgment © tained against the exchange by {he Charles F. Garrigues Co. AUCTION PRICES HIGHER, LONDON, July T ®:=<The rqtl?: series of wool auctions opened with .a full attendance,s Ther keen competition and Tost bt the ferings, which amoynted to bales, were sold. CorAparéd with tha previous sales, fine merinos were umn changed to 5 per cent higher; medium and inferior merinos were quiet and irregular. TODAY‘S MONEY RATES. NEW YORK, Jul money steady: high, 4 ; i rate, 4: closing bid, 4; offered at 4' last loan, 4: call loans against accept yas ances, 334; time loans firm: mixed co! lateral, 60-90 days, 3%a37 months, 4; prime comimercial paper, 3%a4. F & Polar bears are extremely fond of 'cod lver oll. next business meetinz ,