Evening Star Newspaper, July 8, 1925, Page 22

P il FIN COPPER AND STEEL SHARES STRONGER Better Trade News Proves Help to Speculators in Drive for Higher Prices. BY STUART P. WEST. Special ‘Dispatch to The Stas NEW YORK, July he stock market continued on its upward swing today with numerous high records and with certain important groups included in the buying which not previously been taken in One of these groups was the steels, another the coppe United States Steel common was up point or more, Bethlehem Steel around a point, Colorado Fuel and Tron, in which special buying opera- tions were resumed at the start of the week, a point and a half Republie >l 1y a point and Schloss-Shef- field over a point. The weekly trade reviews were interpreted more, favorable, indicating a closer ap- proach to equality between de- miand and supply and more assurance of stabilization of prices. Copper Shares Strong. The copper stocks were to Tuesday’s news, which was sup- plemented this morning by word that the quotation on the coppe: had been definitely at 14 pound. This compared - wi cents a week ago. Kennecott was up nearly 2 points, Anaconda a point, Inspiration over a point. Utah Copper made a new high record. Among the other stocks which ex ceeded their previous tops for the year we Woolworth, General Moto which at its best was up 11§ points the 7 per cent preferred above 113, Americ ¢ Razor, Robert Reis, Continen . Metropolitan Edison preferred, n-teed Product Hoff. man Ma . Spicer Manufacturing preferred 8 Corporation, which was up nearly 3 points; United States Smelting, Electric Power and Light. International Raflways of Cen ral America, Wheeling, Lake Erie, common and preferred; International ¢ement, which was bought on the suc- cess of the new preferred share issue, and especially the Virginia-Carolina Chemical stocks. responding Business Reports Improve. These shares had a remarkable rise on intimations that the reorganiza- tion plan might be put through with- out soliciting new money. On more encouraging réports for the outlook of business.during the current six months Baldwin Locomotive ran up over a point. Paige Detroit and Household Products made new high re Stewart Warner appeared to b etting over the damaging effect of the recent | “Street failure Foundation experienced a good | deal of realizing in the latter half of | the day. Public utility stocks came in for in- creasing attention. Consolidated Gas of New York went up over a point, @nd Brooklyn Union Gas nearly a point. The rise kept on in Interna- tional Telephone and Telegraph on in- creased dividend talk. Havana Elec- tric jumped. 6 points.. MARKET CLO FIRM. General Upward Trend Holds Until Gong Sounds. NEW YORK, July § (#).—Specula- tors for the nce eontinved in con- trol of the price movements in today's stock market. - Coppers and- steels were particularly responsive to bettar trade news, American Smelting sell- ing at its highest price since 1917. Motors were heavy. Total sales ap proximated 1,400,000 shares The closing was firm. Sporadic re- | alizing in the late trading interrupted, but failed to halt. the general upward trend of prices. Marked strength was shown by Virginia-Carolina Chemical preferred, U, S. Cast Iron Pipe, U. Industrial Alcohol, Fisher Body and Sears-Roebuck. General Motors and Yellow Cab turned reactionary. larkets at a Glance NEW YORK.—Stocks firm; can Smelting highest in 8 years. Bonds ste: lower money rates help trading. Foreign exchanges mixed: francs and lire steady. Cot- ton firm; buliish weather reports. r easy: lower European markets. advanced: unfavorable weather Brazil CHICAGO, rust reports Cattle $2,500,000 PLEDGED TO END RECEIVERSHIP Dean, Onativia & Co. Hope to Re- sume Business at Early Date. Ameri- Wheat higher. more numerous. complaints from lower supplies black €orn south- liberal By the Associated Press NEW YORK, July 8 —With pledges of more than $2.500,000 received from New York and Chicago creditors. rep- resentatives of Dean, Onativia & Co., the brokerage house which failed last week with liabilities exceeding $35,000,- 000, indicated today that the firm world be able to resume business at ap early date in accordance with the terms of a settlement plan Approximately $700,000 was raised in Chicago, and verbal assurances have been given by New York inter- ests that the remainder would be ad- vanced here. Most of the New York customers of the firm have volun- tarily assigned 50 per cent of their equity. As soon as signatures have been ob- tdined the agreement will be submit- ted to the courts for approval. No delay in obtaining a_ discharge from bankruptey is expected. CHICAGO, July 8.—A Chicago; creditors’ meeting agreed today upon a new plan for the financial rehabili- tation of Dean, Onativia & Co., under which 30 per cent of the obligations would be funded for deferred pay- ment over a period of flve vears. The original plan contemplated a 20 per cent refunding over two years. J. Clark ‘Dean, Victor Onativia, jr., and Benjamin R. Cahn, Chicago mem- bers of the firm, have one year in which to demonstrate financial solv- ency in an application for reinstate- ment as members of the Chicago Stock Exchange. FOREIGN EXCH (Quotations furnished by W Nomin: &old va - .$4.8665 1.00, 193 GE. B. Hibbs & Co.) Selling checks od: London, poupd. . . Montreal. dollar aris, franc. . russels. {ranc Berlin, mark me.’ lira ZAmich * franc Athens. drachma Madrid, peseta Vienna, crown Ruda; crown crown . 1000014 % 00014 0206 1% ANCIAL. Open. 69 93 15 % 102 4% 1% 9lie 834 20% 59 .. 85% ). 106% 196% 119 104% 23% 5214 90 54 138 42% 91 694 117 85 355 13% 9714 29% 17 50% 63 60% 6% Abitibi Pow (4). Adams Exp (6) Adv Rumley . Ahumada (11). | Afr Reduc (4). Ajax Rubber. Alaska Junea. ... Allied Chem (4). Allis Chalm (8). Am Agricul Chm. Am Ag Chm pf Am Bosch Am Brk Shoe( Am Can (17).. Am Can pf (7). Am Car&Fdy () Am Chain A (2). Am Chicle. ..... Am Chicle pr pf Am Drug (80c).. Am Express (6). Am & For Pow.... Am & F P pf (7). |'Am Hide & 1pt Am Tee (7)... Am Ice pf (6) Am Internatl. I Am La Fran (1). Am LaFra pf(7). Am Linseed. . Am Loco (118) Am Mepgl (3) | Am Radlator (4) Am Republic. . . . Am Safety R (3) Am Ship & Com. AmS & Ref (8).. {AmS &R pf (7). Ani St Fdys (3). Am Sugar Am Sumatra. Am Tel&Tel (9). Am Tobacco (7). Am Toba B (7). Am Typ Fdrs(8) Am WW&EI 1.20 A WW&EI pf(6) . Am W W 1st (7). Am Woolen. . Am Wool pf (7). Am Writ Pap pf. Am Zine. Am Zinc of. Anaconda (3)... Archer-Daniels 38 % 9614 95% 62 a1 | Armour Del (7). Armour Il A(2). Arn Cons & Co. Artloom Corpn. . Asso Dry G(2%) Asso D G 1st(6). AssoD G 2d (7). Asso Ofl (2) Atchison (7). Atchison pf (5) At Birm & At Atlantic C L(1! AtIGuIf& WI.. Atlantic Refing. . Atlas Powdr (4). Atlas Tack. Austin-Nichol. Auto Knitter. Baldwin L (7) Bald Loco pf(7). Balto & Ohio(5). Bal & Oh pf (4).. Barnet Leather Barnsdall A.. Barnsdall B.. ... Beech Nut(2.40). Bethlehem Sti. .. Beth Stl pf (7)., Booth Fisherfes Briges MIz(3%) Bkl Edison (8). BkI-Man Tran Bk-Man T pf(6) . Bkl Union G{4).. Brown.Shoe: (4) . Brunswick (3.60) Burns Br B (2).. Bush Terminal. . Bush Ter de (7). Butte Cop (50c) . Butte & Sup (1). Butterick Cal Pécking (6) Cal Pete (18 ) ... Callahan Zinc. .. Calu& A (12%). Calu & Hee (50¢) Can Pacific (10) Case Thresh pf. . Cent Teather. .. Cent Leather pf. Century Rib (2). Cero d Pasco (4) Certain-Teed(4). Certal 1st(7) ‘handler (3).... Ches & Ohio (4). Chi & Alton. . Chi & Alton pf Chi & East Ill. .. Chi Great West. Chi Gr West pf.. Chi Mi] & StP... Chi M11& StP pt. Chi& Nwn (4)... ChiPneuT (5).. ChiRI&Pac... CRI&P DL (D). Childs (12.40)... Chile Cop (2%). Chino Copper. Chrysler pf. . Cluett Peab (5). Coca-Cola. (7). .. Col Fuel & Iron. ColG & E (2.60). ColCarbon (4) ... Com Iny (2.50 Com Solv A (4 Com SolvB... . Congolium (3).. Consol Cigar. ... Conspd Distribut. Consol Gas (5).. Consol Textile. Cont Can (4) Cont Insur (6) Cont Mot (80c).. Corn Prod (2)... CrexX Carpet (4) Crucible Stl (4) . Cuban Cane Su. . Cub Cane Su pf.. Cub Am Sug (3). Cuban Domin. .. Cudahay Pkg (7) Cuyamel Fr (4). Davison Chem Del &Hud (9). - Del L & Wn(17). Dodge Bros Cl A. Dodge pf (7).... Dome Mines (2). Dupont (10) DuPont deb (6) . Eastman (1).... Eaton Axle (2).. Elec Powr & Lit. EIP&LPL(7).. | E P&L pf 40 % pd E P&L full pd(7) Elec Str Bat (4). Emmerson Brot. Emmerson B pf End-John (5). Erle 1st pt Fairbks (2.60)... Famous Pl (8).. Famous Pirs rts. Famous pf (8). .. Feder Lt (1.40). Fed Min pf (7).. Fifth Ave (84c). First Nat Ppf(8) Fisher Body (5). Fisk Rubber. ... Fisk 1t pf (4). Fleischmann(4) . Foundation (8).. Freeport-Texas. Gardner Motor. . Gen Am Tnk (3). Gen Asphalt. ... Gen Asph pf (5). Gen Baking (6). Gen Cigar (8)... Gen Electric(8) . Gen El spec 60c Gen Motors (). Gen Mot pf (7).. Gen Petrm (2) . Gen Ry Sig (6). Gimbel Bros Ginter (1%) 116 28% 2% 49% 14% 35% 141 24 80% 14 18214 1017% 108% 20% 37% 91% 109% 110 64 1% 20% 55 103% 104% 15% 69% 106 114% 13% Goodyear pf (7). Goodyear pr (8) Granby Conggl. . Grt North pf6). Grt Wstn Su (8). Gt West S pf(7). Greene Canan. .. 1930 2050 1780 2680 rag Warsaw. zloty agen, ania. 29% 6% Gulf Mo & No! Gu M & N pf ( High. 69 94 15 11%. 102 14% 2% 91% 83% 20% 594 35% 106% 197% 119 104% 23% 53 92 6 140 43% 91 69% 17 86 36% 13% 9715 29% 112% 10% 367 46 69% T 124 5213 29% 4'% 1056% 56% 36 . L44% 245 141 Low. 68% 93 165 1% 101% 14 1% 91 83% 20 8% 34 106% 195% 119 104 23% 52 90 5% 138 42% 91 694 116 85 35'% 13% 9714 Close. 68% 84 15 1% 102 14% 24 91% 83% 204 58% 3474 106% 196% 119 104% 28% 52 92 6 140 42% 91 694 116 85 35% 13% 9T 29~ 29 116 50 106 63 59 6% 105% 110% 38 6414 8% 140% 96 95% 121 62 107% 99% 39% 80% 3 ) 287 40 33'% 9T 9 107 24% 103% 105% 15% 69% 106 114% 13% 30 96 i 18015 1017% 108% 19% 37% 91 109 116% 50% 107 64% 59 6% 107% 111 384 65% 8% 141 961 95% 122 62% 107% 99% 395 80% 'l'. 2874 407, 33% 98 23% 9 41% 5474 98% 377% 119% 6% 5% 163% 54% 113% 9% 11 22% 2 116% 11 n 181} 102 108% 19% 387% 9% 110 110 | Skelly Oil. .. | Sloss-She (6) THE EVENING STAR, WASHINGTON Gulf States S(5). 85 Hartman (2%).. 29% Havana Blec (6). 179 Hayes WHI (3).. 41% Household P (3). 40 Howe Sound Co.. 19 Houston Oll..... 74 Hudson Mn2%.. 33% Hudson Mot (3).. 66% Hupp Mot (1)... 19% Hlinois Cen (7).. 114 Indep Ofl (1).... 38% Indian Refining.. 8% InlandSt(23)... 39% Inspir Cop (50c). 26% IntethRap Tr... 27 nternat Agri.... 13% Int Bus Mag (8). 122 Int Cement (4).. 65% IntCom Eng (2). 444 Internat Har(5). 110% Int Mer Marine.. 8 Int Nickel, 30 Inter Nick pus) 99% Int Pape 677 Int Ry Cént Am. 267 Int Shoe pf (8).. 116 Int Tel & Tel (§) 117% Intertype (+13). I8 Iron Prod (6) 55 Jewel Tea 18 Jones Bros Tea.. 19% Jordan Mot (3).. 40% Kan City South.. 33% Kan CSopf (4). 58% Kayser (Julius). 30% Kayser (J) pf(8) 94 Kelly-Spring. ... Kennecott (3)... Keystone T & R. Kinney G R (4).. Laclede Gas (8). Lee Tire & Rub. . Lehigh Val(33%4). Liggett & M(t4). Lig & My B(14). Loews Inc (3)... 150 79% 66 644 Long Bell A (4). Lorillard (3).... Louisiana Oil. Louls & Nsh (6. Ludlum (2). MclIntype P (1). McCro B (1.60) . . Mack Trcks (8). Mack T 18t (7). Macy HR & Co.. Magma C (75¢).. Mallison & Co. Man Elev gtd. .. Man Emd g ¢5). Manila El (23%). Manati pt (7) Maracaibo Ol. .. Marland O(76c). Malin-Rock (1).. Martin-Pry (4).. Mathieson Alka 17'3 97% 183% 110 871 41 27 85 43 42 80 26 43% 2413 29 Metro Ed pf (7). Mexican Seabd Miami Cop (1). Mid-Continent Middle States. . . Midland P pf(9) 117% Min StP&SSM. 37% M St P& SSM pf. 57 Mis Kan & Tex MK & T pf (5) Missour! Pacific. Missouri Pac pf. Mont Power (4). Montgom Ward.. Moon Mot (3)... Mother Lode 75e. Motor Whi1.60. Munsingwr (3). Murray B (12.40) 34% Nat Acme (sta), 7% Nat Biscult (3).. 72% Nat Cloak (4). T1% Nat Dairy (3). 5415 Nat Dpt Store: 4215 Nat D St 1st (7). 100 Nat Distille 3414 NatDistlillerspf. 65% Nat Lead (8).... 149 Nat Ry Mex 2d 145 Nat Supply (3).. 61% Nevada Copper 1235 Nwpt U Gas (5). 102% NYAIrBr (4).. 44% NY Canners(2). 45 N Y Central (7). 119' NY C &St L(8).. 125 * NYC&SLpf(6). 91% N Y Dock pf (5). 69% NY NH& Hart.. 32% NYOn& Wn(1). 24% Norf & West(1). 128% North Am (3.40). 49% North Am pf(3). 49% North Pac (5)... 667 Ontario Mining 6% Onyx Hoslery 25 Oppenheim Col.. 45 Otis Elevat (6).. 124 OtisSteel 13% Owens Bot 63% Pacific Gas (8).. 113% Paclfic Ol1 (3)... 56% Packard (11.70). 87% Paige Mot(1.20). 224 Pan-Amer (6)... 76% Pan-Amer B (6). 76 Parish & B . 1% Park & Tilford.. 30% Pennsy R R (3).. 46': Penn Seab Steel. 'y Peovles Gas (8). 114'¢ Feoples Gasrts. 1% Peoria & East 180 Pere Marq (4) 65 Pere Mar pf (5) 71 Pere M prior(s) 80 Phia Co (4).. 8% Phila& RC&I.. 39 Phillip Morris... 17 hillips Pet (2). 43% gierce Arrow.... 35 ierce Arrow pf. 8274 Pilerce Petrol.... - 7 Pitts Ut pf $1.20. 164 Pitts & West Va. 69% Postum Cer (4).. 120 Press Steel Car.. b52% Prod & Refiners.. 25 Pub Se E&G pf 6. 93% PubSer NJ (3). 170 Put ServNJris. % Pub S NJ pf (7). 100% Pullman Co (8) .. 141 Punta Al Su (8). 39% Pure Ofl (134)... 29 Radio Corpof A. 56% Radio Cpf.(3%). 60 Ry St1 Spg (8)... 124 Ry St Sppf (7).. 119 Ray Cons Cop. 13% Reading (4)..... 84 Reading rts 174 Reading 18t (2). 39 Reading 24 (2).. 40 Hobert Rels. Rels Robt 1st pf. Remington Type Replogle Steel. Rep Ir & Steel.... Rep I &S pf (7). Repnolds Sprngs Rey Too B (3)... Rossia Ins (6). .. Royal D (4.42%) St Joseph Ld(2). StL & SanF(5). St L Southwest.. 47% Savage Arms.... 56 Schulte (*8)..... 111 Seaboard Air L.. 33 Seabd Air L pf.. 42 Seagrave (1.20). 15% Sears-Roebk (C) 170 Shattuck-Ariz. 6 Shell Un (1.40).. 24 Simmons Co (2). 45% Stmms Pet (1)... 23% Sinclair Ofl. .. 224 Sinclair pf (8)... 934 27% 91 2% 99 98% 86% 25% 106 52 54 9214 85% 9% 1% 88 52% 36% 85 South Port S (6). South Pac (6)... Southern Ry (6). South Ry pf (5). Spicer Mfg...... Spicer pf (8 8td Gas & E| % Std G&EIl pf(4).. 8t Oil Calif (2) 58% StOIINJ (1). 44 StO1l NJ pf (7). 116% std Plate Glass.. 11% Sterling Prod(4). 68% Stew-Warner(5) 68 Studebaker (4).. 49% Submarine Boat. 9 Superior Oil..... 4 Superior Steel... ‘254 Symington...... 15% Symington A(2). 214 26% « Open. High. 85% 294" 183% 41% Al 19 76 33% 66% 19% 114% 38% 89% NEW YORK STOCK EXCHANGE Received by Private Wire Dlnc_t to The Star Office Low. Close. B4k 20% 17754 39% 40 18% T4 33 65% 19% 114 36% 84 39% 26% 27 13% 122 65% 43 5 109% 8 29% 67 26% 116 55 18 33 58% < A28y 844 20% 177% 40% 40% 18% 5% 334 65% 19% 114% 384 84 394 274 27 14% 122 67% 44 109% 8 30% 99% 67% 26% 116 116% 18 18 50 49% 674 | 6% 254 45 124 1314 524 13% 57 38 2or4 | 7% | 7% | Hlively i Tex GuifS (1%) 1 | Tex & Pacc & O. | Tex & Pacific. FURTHER ADVANCE IN LIBERTY BONDS Fractional Gains Made To- day in Several Other Parts of List. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, July 8.—Interest in bonds today was confined to individ- ual issues, more or less speculative in character. A notable feature was provided by the Virginia-Carolina Chemical 7338 with warrants, which were up about 2 points to the highest in two years. Virginia-Carolina first mortgage 7s improved to a lesser degree. Both these movements were in response to the better outlook for reorganization. Anaconda 7s Strong. The strength in copper stocks was accompanied by an urgent demand for Anaconda 7s carrying the price above 102 for the first in weeks. These bonds are convertible into Ana conda_stock on a sliding scale, the first $10,000,000 principal amount of debentures to be converted at a price for the stock of 53. Among the sugars the feature was the duplicating of its high for the| year by Manati Sugar 7is. Treasury Bonds Active. Trading in the high-grade invest ment group went on very quietly. Prices were firm around the best le els of the year, but there was little disposition to advance them farther. Dealings in Treasury 41 and in United States Liberty issues were un usually heavy he Missoupri, adjustments held the speculative issues were Kansas and Texas their leadership of aile and other active Louis-San Francisco adjustments and Missouri Pacific gen eral 4s. The last named got up to 66. where it was selling within a point of the high of the year, but still to vield over 6 per cent. Foreign Group Steady. Foreign bonds were steady. The Dutch East Indies issues were in de- mand, the € per cent bonds of 1962 and 1947 maturities both selling highe French and Belgian bonds improved somewhat, particularly the Belgian The most important new issues | were the $4,000,000 Saar' Basin consol- idated counties external 7s due 193 to yield 7.58 per cent; $1,000,000 State of Florida Everglades drainage district 5s “maturing’ serfally to yield | 4.80 per cent, and $40,000,000 Central Pacific s due 1960, guaranteed by the Southern Pacific, at 9%, {MAY AUTO EXPORTS SET NEW RECORDS Exports of automobiles- and mobile parts from the United during May set a new record by value, $34,618,595. The Commerce Department reports recalled that the April exports were valued at $33,869, 493, and those of May, 1924, at $21,013,011, The May part, to auto. tates increase was attributed, in the impending advance in British automobile tariff, American | producers rushing unusually large shipments to that country to take advantage of the nplrmg Qduties, HARDWARE MEN SEE FINE TRADE IN FALL| Special Dispatch to Tha Star NEW YORK, July 8 the country the crop outlook is very encouraging. Hardware men predict Fall business on a probable profit for good crops, sayvs Hardware Age. Rural busines leads both suburban and city trade, th la: being the poorest of the three classi fications. Shortages are being felt on garden hose, sprinklers and kindred lines. Staple items are moving in & mod erate way. STEEL SHEETS ADVANCED. NEW YORK, July 8 (#).—Prices of black sheets have advanced $2 a ton in the Pittsburgh steel district. The majority of makers are now quoting 3.20 ‘to 3.25 cents, aithough quotations of 3.10 and 3.15 cents have not entirely disappeared Tennessee Cop. . Texas Co (3) 11 51% 1% 114y 15% 50 1410 42 82% 102 4 448 384 139 133% 116% 25 9214 111 51ty 1127% 15 49 1407 41t 8114 101% 4% A » 37% 138% 133 116% 24 88% 129% 9% 160% 96 33% 3815 877 135 561 4 107% 38% 45% 116% 2 124% bit 81% 69 94 32 4% 2 184 3 18 15% 334 7% 15% 67% 105% 49 56 111 121 984 114% 14% 22 35% 134% 104% 1% 10% 23% 19% 34% 27% 3% 42% 4 19% 102% 160% 41 30 44 495, 1407 415 823, 101% i 44n a 377 138% 133 116% 25 90% Tide Wat O11(4) . Timken R B(14). ‘Tobac Prod (6) .. Teb Prod A (7). Transcont Oil. ... Tnderwood (3).. Union Oil (1.80). Union O1l (1.30) . Un Pacific (10).. Un Tank Car(5). Un Tk Car pf(7). Utd Alloy Steel. Uta Cigar(18%) . United Drug (6). Utd Ry Invest. Utd Ry Inves pf. U S Cast Iron P.. USCIPpf (7). U 8 Distributing. 34% USHoff (2)..... 38% 8 Ind Alcohol. 87% . 135% 57% 107% 38% 45% 116% 124% 54% 33% 69% 94 Bmelting(3). Sm pf (3%). U S Steel (17) U 8 Steel pf (7) U S Tobacco (3) . Uniyersal Pipe. . Univer P pf (7).. Utah Copper (4). Vanadium Va-Caro Chem. Va-CaroChem B. Va-Caro Ch pf. 15% 334 67% 15% 675% 105% 9 56 11 121 984 114% 14% 22 351 136% 105 7% 184 23% 19% 34% 27% 74 42% 4% 19% 104 160% 41% 304 prin 33% 68 16 6814 1051 A(5). Waldorf (1%)... Ward Baking B.. ‘Ward Bak pf(7). ‘Warren Co (4).. Weber (4). .. W PaPow pf(7). West Ben (T Penpf (7). Went Eiec »e(@). West Maryland. West Md 2d pf. . Westn Pac (5a) West Unlon (7) West Air Br (6). Westinghse (4) Weston Elec. ... Weston A (2)... Wheel & L Erie Wheel & LE pf . White Eagle (2). White Mot (4)... ‘White Rock (12). 42% Wickwire ctfs 1 Willys-Overld... 20% Willys-0d pf (7). 104% Woolworth (3).. 164% Worthn Pump... 41% Wright Aero(1). 30% Yellow C (2.62).. 47% +0dd Iot. tPartly ext Dividend rates are the annual 68 16 68% 105% 50 56 111 121 98Y% 114% 14% 22 35% 136% 105 T1% 13% 243% 20% 34% 27% % 2% 4% 20% 104% 164% 41% 30% 4% 98% 114% 14% 22 354 134" 105 1 71% 10% 23% 19% 34% 27% 75 tPayable in preferred stock. _given in the above table h payments based on the Iatest quarterly or half-yearly declarations. Unless otherwise noted, extra e special jvidends are not Included, Throughout | | | | | Am Agr Chem 7%s. Sweden 5%s ct Sweden 6s. .. Swiss 5%s 1946. | Bush T Bldg 55 '60. D. UNITED STATES BONDS. Lib3ts Lib 1st 4 Lib 4th4%s 833 US 451944, 168 US4%s'52 174 FOREIGN. High. Low. Close. Saley Argentine bs. . Argentine 6 Argentine 65 A.... 14 | Argentine 65 B Argentine 7, Austria7s. ... Bank of Japan Belgium 6 Belgium 6%s w1.. Belgium 7s wi Belgium 7%s Belgium 85 Bolivia 8a Bordeaux Brazil 7 Brazil 8s. Canada 53 1926. Canada 58 1952 Caneda 5%s 19; Chile 75 1943 Chile 85 1941 Chile 85 1926. .. Chile 83 1946 Chinese Gov Ry 5s. Christiania 6s. . Christiania 8s. ... Con Pow Japan 7s. Copénhagen 5%s. Cuba 5%s. .. Czecho 8s 1951 Czecho 8s 1962 ct.. Denmark 6s. Denmark 3s DEI5%s M . DEI15%s Nov ‘3. Dutch East I Dutch East I Finland s f 65°45. . Finlands 7s. French 7s French 7%4s. . French 8s Gler El6%5°50 wi German 7s. .. Ger Gen Elec 7 Greek 7s. . Haietdy . L0 Holland-Amer 6s. Hungary 64 s Japanese 4s. Tapanese 6%4s. ... Jergens U M 6s'47. | Lyous 8s... arseille 65 Mexico 5s assented Montevideo 7s. Netherlands 6s Netherlands 6s '72. Norway 53%s wi. orway 6s 1943. Norway 65 1944 . | Norwey 6s 1952 Norwsy Orient Dev deb 6s. . Paris-Ly’ Parls-1; Peru s Poland 63 40 Poland 8s°50 wi Med 6s. Med 7s. { Porto Alegre s Prague 7155 Queensland 7 Rio de Jan 8s I'Un . Rio Gr Do Sul 8. . Sao Paulo City 8s.. Sao Paulo Statess. 1 St of S Paulo rets. . Seine Dept cf 7s. .. Serbs Crot Slo §s.. 64 28 38 9 Swiss Confed 8 6 Ud Kingm 5%s . 6 Ud Kingm §%s'37. 45 87 96% 874 96% 964% 96% 103 9914 100 87 93% - 98% 109 107% 9544 84% 8214 984 101 104 102% 101% 108 102% 107% 42% 9814 110% 92 98% 102 99% MISCELLANEOUS. Ajax Rubber 8s. Am Agr Chem 58 1 3 10 Am Chain s 65'33. 6 Am Smit & R 1st 55 25 AmSmit& R 6s. 2 Am Sug ref 6 AmT&Teltr4s. Am T & Tcl tr5s. AmMT &T st b Am T & T deb AmT & Tcvés. .. Am Water Wks 5s. Am Writ Paper 6s. 2 Anaconda 1st 6s... 18 Anaconda cv db 7s. 208 Andes Cop Ts rcts.. 74 Armour & Co 4%s.. 22 Armour Del 5%s. . Associated Ol 6s. Atlantic Refin 58 Barnesdail s f 8s Eell Tel Pa 5. Beth Steel pm 58 Beth Steel rf 53. Beth Steel 5%s 53. Beth Steel s £ 63 Brier H St 1st 5%s Bklyn Ed gen 5s... %3, 3 e 8 Rttt e O AR NNV A SR IAN N AR~ NBURD~ A SO » N Cen Leth 6s 45 cfs Chile Copper 6. Col Gas & El 5s. Col Gas & El 55 sta. Commonwth P 6 Con Coal Md 1st Con G NY 5%s wl. Consumers Pow bs. Cuba Canecv 7s... Cuba Canecv d 3s. Denver Gas b Dery (D G) 7 Det Edison s '4 Det Edison ret 6 Dodge wi 6s. Donner Steel Du Pont de N 7%s DuqL & P 5%s "4 Duquesne Light Est Cuba Sug 1% Empire G & F 7%, Gen Refractres 6s. Goodrich 6%5. ... Goodyear 8s 1921. . Goodyear 8s 1941.. Hoe & Co 6%s. . Humble O & R 5%s Iilinots Bell 1st 5s. lilinois Steel 43%s.. Indiana Steel 5s... Int Mer Marine 6s. Inter Paper 58 '47. . Inter Paper §: KCP&Ltbs A'52 Kan G & El 6s'52.. Kelly-Spring 8 Keystone Tele 5s. . Lackawa S 55 '50.. Lacl G ref 533 Laclede G 5% '53. Liggett & Myrs bs. Loriliard (P) bs... Louisv G & E 58 '52 Manati Sug sf 7%s td-Con 63%s, * Midvale Steel &t Montana Pow 5s NY Ed 58°44 Wi N ¥ Eden lst6%s NYG EL H&P 4s... NYTel4%s...... NY Tel6s'41..... NY Tel 65'49..... North Am Ed 63 North Am Ed 6% Nor Ohio T & L 6s. Vor States Pow bs. Jor States Pow 6s. Otis Steel T%s . Otis Steel 8s. . Pacific Gas & El 58 Pac T & T 1st 58 PacT & T 58’52 .. Pan-Amer Pete 6s. 182 Phila Co 5%s'38... 29 PhilaCoref 68 A.. 12 Plerce-Arrow 8s - . A = Pub Serv Elec 6s... 3 P ServGas5%s’'64 9 Remingtn Arms 6s. 3 Rep Ir & Steel 6s.. 1 Sinclalr Ol 65.....194 Sinclair O11 6% 17 Sinclair Oil 7 11 Sin CO P L 653 4 Sin Pipe Line 6s... 20 Skelly Ol 6%s.... 37 South Bell Tel3s_, 6 Southwest Bell §s.. 12 Tenn Elsc Pow 6 6 Tide Wat Oil 6%s.. 38 Union Bag &P 6s.. 6 United Drug 6s. 3 102% 102% 103% 87% 96% 964 96% 102% 9% 100 B6% 931 98% 108% 107% 95% 84 81% 98 101 103% 1027% 101% 108 102% 107% 420 98% 110% 92 9% % 102 99% 98% 102% 110% 101 101 102% 102% C., WEDNESDAY, JULY 8, 1925. I ON NEW YORK BONDS STOCK EXCHANGEl — Recelved by Private Wire Dicect to The Star Office. Sales. High. Low. Close. . 94 90% 90 50% 9 107% 107 1074 1 100% YCO% 100% U 8 Steel s £ - 17 106K 108% 1064 Utah Pow & Lt bs.. 24 96% 96% Va-Car Chem 7s...124 99% 99 Va-CarCh 7%s w..168 78 76% Vertientes Sug 7s.. 2 91 91 Warner Bug 7s'39. 18 S0% 80% West Elec 5s 20 100% 100% Westinghouse 7s.. 5 107 107 Willys-Ov 6%5°33. 7 102% 102 ‘Wilson & Co 1st 6 99% 99% Winchester A 7 5 101% 101% YoungstnS& T 15 99% 99% RAILROADS. Atehison gen <. 90% Atlantic C Lel 4 884 Atlantic CL 1st 92% 93% 1074 90% 98% 92 102% 1034 103% 88% 984 6% 1% 874 117% 116% 80'% 108% 88% 9814 91% 106 504 80% 102% 92 6% U S Rub 1ut rf 5 U S Rubber T%s U S Smelter 6: 904 92% 93 107% 90% 93% 92 102% 103 103 88% 98% 75% | 91% 874 e 117% 116% 801 1033 8874 98 ATV 106 505 =90% 102% 92 75% 65% B & O Toledo 4. Bklyn Manhat Buff R & Pitt 4%s Canad North § 345 Canad North Canad Pac Cent of Ga Central Pacific 4 Ches & O cv 4%s Ches & O gn 43¢ Ches & O cv 5s Chi & Alton 3% ChiB& Qgn 48’5 2amounaey 5113 gas N 8 sml 96% | 1% 6% 84k 87% 89 80% | 99% 9944 100% 98 96 884 gaaaaaaaacaa 2 ZeRERREEEKE 22 3, < a o . 52?2 REZIIRR ZppprerRn R I N @'Y Cleve Term 6s. .. C&Blstas‘2g, ... Colo & Sou 4%s. Cuba RR & Cuba RR T Del & Ha 18t rf 48 Del Hud ev 58 '35. . Del & Hud 5%, Den & Rio G cn D& Rio G Wt 5 Erie 15t cons 4=. Erie gen 4s, . Erie conv 4 A Erie conv 4s D. Erie conv ext 7s Erle & Jersey Erte Genessee Fla EC5s'74 Gr Trunk sf db 6 Grand Trunk 7 Great North bs. Great-North 5%, Gr North gen 78 G MOD&N 5 %s] Havana ERL&P ‘60 Hud & Man ref 5s.. Hud & Man aj 58 11l Central 5% 111 C-C St L&NO 6s. Int Rap Tran 5s... Int Rap Tr 58 stpd. Int Rap Tran 6s. .. Int Rap Tran7s. .. Int& G Nor 1st 6s. Int & G Nor aj lowa Cont 1st Kan City Ft S Kansas City S 35 nsas City S 5s. Kan City Term 4s Lake Shore 45 '28. Lehigh Val 58 200: Louis & N unt 4; Louts & Nash 5 Louis & Nash 78 Manhat Ry cn 4s. Man Ry 2d 4 2013 Market St Ry 7s. MIEIRy & L M StP & SSM 6% MEK&T l1st 4 MK&Tadj MK&Toprin 91% 106 1024 845 | 56% 72 62% 6413 | 71 10814 675 | 674 71% | 90% 103% | % T3%| 58% | 870 | TN 4 92 86%5 98% 101 9N 1087 | 1074 | 62 b6 ! 99% | 914 102% 84 87% 94% 664 100 894 1014 1014 Montrl Tm 1st 9T% New Or Term 4s 84 O Tex& M in bs 97 N F % 96% 1015 4 101% 78% 86% | 94% i No Actual Damage Reported From Black Rust—Corn and Oats Also Lower. i 104% | Dece: Centiny, Miils. - | “Do. pt of. | vilca’ das & Eiec. FINANCIAL. Rail Line May Be | After- New Outlet On Atlantic Coast| By the Associated Press NEW YORK, July . parent intention of the San Francisco Rallway o extend operations eastward Instead of westward, as was generally be- lieved, has opened possibilities that it may seek the Atlanta, Birming ham and Atlantic, now in receiv ership, which was active vester- day at slightly more than $6 a share, compared with récent trans- actions at $5. The revival in the stock was at- tributed to merger probabilities with'a view to affording the Frisco an outlet to the Atlantic Ocean. WHEAT DECLINES AFTER EARLY RISE By the Associated Press. CHICAGO, July 8.—Although wheat prices had an upward slant at the outset today. the market soon under- went a decline. Initial gains were as- cribed to numerous reports about black rust attacking the leaves and the stems of wheat.. No actual damage as yet was noted, and earlv advances in prices failed to hold. The opening, unchanged to 7 higher. September 1.45 to 1.45% and December 1.45%, was followed by slight further gains and then by a setback which carried Sep- tember down to 1.43% and December to 1.45. G . Corn and oats eased with wheat After starting at % off to 3 up, Sep tember 1.04% to 1.04%, the corn mar ket scored additional gains, but then receded to below yesterday's finish. Oats started unchanged to % off | September 46% to 46%. Later there was a general sag. the provision market. WHEAT— Open, High July .. 1483 1.50% September 145 7 146% 146% p i 7% p 465 9% : Low 147% Close. 1493 14 1 DIVIDENDS. Period. R: & Pasable Aug 1 Aug 1 Aug 1 July 31 Sept 1 Aug 1 Aug 1 Aug 15 Aug 1 Aug 1 Aug 15 July30 Aug 1 Aug 1 Aux 1 July1s CLOTH HARKE‘I STRONG. NEW YORK. July 8 (Speciall.—Cot | ton cloths markets were a bit firmer today, although trading continued light. Print cloths quoted at 9% cents | for 64x60s and 103 for 68x72s, the latter an advance of an eighth cent Raw silks moved forward sharply under better demand S Deanen e 5 Si000 o0 . pt. Cuba’ Co. pi. .. Cuba R. R pf. i " wip |ooss o~ apan i Hercules Pwd. pf. Tron Product P‘?’. Coust Co. pf. Sav"'sdear Refin i oco, Py gaad rather | Washington Stock Exchangei‘ SALES i Washington Gas 55—S$500 at 100 . $1,000 at 1001, $1.000 at 100 % . $2,000 at 100%. $1,000 ‘at 100 % Washington Gas 8s, '33—S1.000 at 1031 $200 at 1023, $200 af 1,000 at "103%. 102% ital Traction Co.—10 at 1007 o Washington Gas Light—8 at, 623 10 at sshington Ry. and Elec. com.—10 at 106. 10 at 108,710 at 108, 20 at 106, 50 at 108; 8 at 106. Washington' Ry. and Elec. pfd—10 at Co.—10 52 futional Savings and Trust ptd —100 310 at 9% National Mortgage_and Inves 93,. 100 at 95, 75 at 915, 10 av 913 AFTER CALL Washington Rv. and Elec 83%. 10 at 837 Lanston Monoty, ptd.—10 at 101% 770 | a 5% | 978 593 31 30 66 67% 91k | 6Ly 86% 106% 101 97% 105% £3% | 99% 93% 101% 984 110% 107% 34 99% 994 93 To 834 95% 89 7 924 100 924 88% 108% 8274 90% 84% 8 82 94% 9% \AALZLLLLL N Y Cent LS ¢l 332 N Y C& St Ldb 4s. N Y State Ry & NY W & Bos 4 %5 Norfolk & W cn 4 Northern Pac 35 Northern Pac 48 Northern Pacr1 Ore & Calif 1st 58 Ore Short L ret 48 Ore Sht L cn 5s "48. Ore-Wash 1st rf 4. Pennsyl con 4% Pennsyl gen 4 %: Pennsyl gen Pennsyl bs Pennsyl 6%s Pennsyl gold 7 Peoria & E inc Pere Marq 1st & Reading gen 4%% Rio G West cl 43 RIATk&L 4%s. St L IM&S 45°29. St L IM&S R&G 4 San A & Arn P 4 Seab'd AL 4ssta.. Seab’d A L adj 5a. Seab’d A L con i Sou Paclfic 4s '3 Sou Pacific clt 4 Sou Pacific ref 4 Southern Ry gn Southern Ry 1st 5s. Southern Ry 6s ct. Southern Ry 6%s. Texas & Pac 1st 5 Third Ave adj b Tol StL & W 45 Toledo Trac 85 Union Pac 18t Union Pac 48 '27. Union Pac cv Virginta Ry 1st 5 Va Ry & P 18t & Wabash 1st bs Wabash 5%s 75 Western Md 4s. Western Pacific West Shore 1st 4 Wheel & L E cn 4, 92% 99% 108% 1004 98Y% 104% 97% 67 95% 84 1% 108% 100% 98 101% 974 66% 94% 845 7% 1038, 1003 98Y 101% 974 66% 943 84% 1% Ruen National 452 ) Polomac Elec. cons. 5s—S1.000 at 100 $2.000 at 1007 000 at 100M. $3.000 100% Washington Gas 55—$4.000 at 100%. Noney—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY American Tel, & Telga, 4s.... el & Telka, $348.. . Am. Tel. & Telga. ctl. tr. b, Am. Tel. & Tel, conv. 68 Anacostia and Potomac & Ana and Potomac guar. P. Telephone 3. P, Telephone of V Cap raction K. City and Suburbin 3s eorzetown Gas 1 otomac Elec. 18 Potomac Eleciric cons. tomac Elec. 68 195 Waane ale b'Xn: x. Wash'l Alex! & Mt. Wi Wash: Ry, &' Bree. en: 65 MISCELLANEOUS. Paper Co. 6s . 80 oint Stock Ld. Bk. 5s.. 101% Reaity 5s (long) vo Rikss Re 98 B s. 101 Han St Coid Horage 23 Wardman Park Hotel ol 302 STOCKS. PUBLIC UTILITY Amer. Tel. & Telga. Capital Traction Washington Gas Steamboa 100 3% 821y 268 106 84 NATIONAL BANK. National Capital. 3 Columbi Commercial Farmers & Ve sk ot Washingions | TRUST COMPANY. American Security and Trust *a3) | Continental Trust... . Merchants’ Bank National Savings and Trist.; Union Trust . Washington Loan and Trast. SAVINGS BANK Security Sav. Seventh Street. Tnited States. Washington Mechanics'. FIRE INSURANCE American .1 S Whel & LErfA%s ‘Wisconsin Cent 4, 1% 9% PIG IRON PRICE DROPS. NEW YORK, July 8 (#).—The Iron Age pig iron composite price is down to $18.96 a ton from $19.13 last week, the change . being entirely in the Southern market. This is the first dip below $19 since early April, 1922. Fin- ished -steel romains af 3.431 cents per pound, ! a— 7% 9% 1% T9% Firemen National Union. TITLE INSURANCE. bia_Title. . Estate Title XXSG!LLANBOUS Coly Re: S D. C. Pae: Mefl:h-nn bu otype. vest. vl “Aackor com o o ty Storage... .. @ :;:zzg_w Welle o Lower quotations on hogs weakened " 5ian imposing VOTING TRUST PLAN IS OPPOSED HERE E.W. Bradford Scores Piggly Wiggly Action Taken at Memphus. BY CHAS. P. SHAEFFER. E. W. Bradford, general counse® and one of the largest stockholders in Plg gly Wiggly Corporation, does not look with favor upon the formation of a voting trust, a plan which was ad |vanced hy controlling interests of the v'ml'ern yesterday in Memphin In the opinion of Mr. Rradford |there is no good business reason for \ur-h a proposal. I do not believe the linterests of the company will be hest served by the formation of such trust,” he said The speaker declined to state at Thix time whether any concerted action an the part of local stockholders would be made to frustrate the plans of Memphis but inasmuch as a large majort shington own ers financial interested themselves solelv on the strength of Mr. Brad ford’s recommendations, the assump. tion is gained that at the proper time a vigorous protest will be made by tocal holders, who see in the plan on a medium through which the preser {control can perpetuate itself in office lut attractive salaries Piggly Wiggly Corporation was or ganized in 1919 by Clarence Saunders Several years later a ‘“corner” wa effected in the stock on the New York Stock Exchange, which resulted ir the retirement of Mr. Saunders president in 1923. C. B. Smith suc eeded him. There are at present 13 preferred shares of $100 par va outstandi of which more \ n 3 lare held in Washin 01 PrE ATe also 50,000 shares of no par val common, more than 5.000 of which are held here. 1 Trading on Local Exchange. Common stock of Railway and Eleciric Co. returned 1 the limelight on the local t rd this | morning, when a new high level, since | reorganization, of 106 was establishe 1A total of 106 shares sold at thi® ure Another conspicuous ‘issue was tional Savings : which changed b to extent of 10 shar s issue now has the distinction of being the high est priced sue on the local market Other securities were firm but {.changed. Traction stock brought jand a quarter, and Gas sold at 62 | Railway_preferred was quiet at & as was Lanston at S45. the Washingto fig Na the p: Banks Get Silver Reserve. One item hich will {ihe current ition of local banks is the im. ven silver re duve to the convention of i Distriet Bar Association At the Lit National Banhk hand; HIf trophy donated by i'?v H: nd n(y) ured IB. place, while at {Bank reposes the new S {which was captured by Walter B {Guy, jr. Not to be outdone, H. L. McLeod, cretary of Hughes & Co. | stepped out and showed the way array of bankers {ning the initial leg on the McLachler cup, which is now ensconced in the {offices of the finance co | Bankruptey Petition l-ued | A petition in bankruptcy has been [filed in the Federal Court of |York against the Commonw Finance Corporation of that city | petitioners were the Co.. whose claims amount to due on promissory notes I!1n 00 in rent: Kraft-Murphy 1 this ¢ 4 creditor to the extent of $18,000, due on promisssry notes. and erdinand Bruyninck, a creditor for 100 due on notes he corporation is remembered as {a money-lender on mortgages ar other liens, on real snd personal property and underwriting. The petition alleges the corpora { tion owes a number of other creditors |and that it had made preferential |payments to creditors of various | sums aggregating more thar, $50,000. The assets were not made public. not appear et s rve yme W h he American Sureis s124 and ‘o, of 2 ; CHICAGO LIVE STOCK MARKET CHICAGO, July 8 (United States De partment of Agriculture).—Hogs—Re ceipts, 19.000 head unevenly, 10 lower than 1esday close ades off most; bulk, 180 to 2 | pound averages. 13.75a14.00;.top, 14.00 early; outlet for light light | slaughter pigs very narrow: bulk to 323 pound butchers, 13.5 | bulk desirable packing sows, heavyweight hogs, 12.80z medium light, 12.90a1 light light. 12 5; packing hogs smooth and 11.50a12.50. slaughter pigs, 12 Cattle—Receipts, slow, uneven trade steers steady to 25 lower; only special tles bringing steady prices; killing quality, medium to good: short fed medium weight and heavyweigh steers in liberal supply; top heavies 13.65; part load long vearlings, 13 bulk fed steers, 9.00a12,00; mostly to 75 under last week: vealers, steady at_11.50a12.00. Sheep—Receipts, 18.1 000 head: ver) generally; ted 12,000 head; lambs generally steady; holding best West erns higher; sheep, strong; desirable { fat native lambs, 14.50215.00; few good [ loa 14.00a14 five cars, strong i to choice Oregons, 14.75; most native, 10.50a10.75: part deck choice handyweight range ewes, 3.00; bulk natives, 6.00a7.50; heavies, mostly 5.0025.25: no feeding lambs sold EXTRA ON GILLETTE. Dividend Rate Also creased by Directors. NEW YORK, July 8 (®).—Dijrectors of the Gillette Safety Razor Co. today declared an extra dividend of 25 cents a share on the capital stock in addi tion to Increasing the annual dividend rate frome $2.50 to $3 a share through authorizing a quarterly paymem of 75 cents. The $2.50 annual rate had been in effect since a readjustment of the company’s capital structure and payment of a 470 per cent stock divi dend last Fall Annual In DAIRY PRODUCTS. BALTIMORE, Md., July” —Live poultrv—Spring pound, 30a38; Leghorns, hens, 20 Leghorns, roosters, ducks ks, 20a25; pigeons, pair. 25a30 Eggs—Recelpts, 986 cases; native and nearby firsts, dozen, offered at Butter—Good to fancy. creamery., pound, 3%a4d: prints, 44a46; ladles store packed, 38: dairy prints. rolls, 32a34; process butter 8 (Special). chickens 30; old 20a22: old 15a20; young BIG MERGER DISCOUNTED. CHICAGO, July 8 (#).—Yellow Cab shares moved within narrow Hmits in the early trade on the Chicago Stock Exchange today, the $16,000,000 Gen eral Motors Merger haying been al most_entirely discounted during the negotiations. ~ Yellaw Manufacturing opened fractionally higher aronnd 47. Yellow Tax! was up a point and bl from the previous close &T 4513,