Evening Star Newspaper, July 14, 1925, Page 26

FINANCIAL, STOCKS ADVAMCE N LATE TRADIG Rubber Shares Extra Strong at Close—Many Moves in Special Issues. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, July 14.—Despite a good deal of bearish talk around the Street, based upon the slowing down of Stock Exchange business and the cessation of the rapld upward moves in individual stocks which were com| mon a week and two weeks ago, the market today did pretty well. There was only a few points of weaknéss, and. there were quite a number of points of strength, while, what was of more importance, suporting orders made their appearance readily every time that prices sold off. Dodge Stocks Strong. The Dodge Brothers stocks were bought on the report for the first vear, which made a wonderful show- ing. Earnings on the common stock ran at the annual rate of nearly $9.50 a share. The 7 per cent preferred, selling on an 8% per cent basis, at- tracted a lot of fresh buying. Along with the Dodge Bros.’ stocks there were new high records in Wheel- ing and Lake Erie common and pre- ferred, in Timken Roller Bearing, Weston Electrical Instrument, Gen- eral Railway Signal, North American, which was up over a point; Sears- Roebuck, Northern Central, which was up over 3 points; Underwood Type- writer, Household Products, Famous Players preferred and Sterling Prod- ucts. Rail Group Features. Delaware and Hudson, with the Wheeling and Lake Erie, was the feature of the railway group. Every time this stock moves it arouses fresh interest in the gossip of a new big system in the East, the center of which would be the D. and H. Rubber stocks, more especially the United States Rubber, paid more at- tention to the rise in rubber prices and to the big speculation in the rub- ber shares in London and Amsterdam. There are many who think that the leather trade is following in the foot- steps of the rubber trade and partly on this ground the demand for leather stocks was renewed. Special Strong Spots. The principal features among the ofls were Royal Dutch and Shell Union Transport. Buying of Royal Dutch followed the announcement of a final dividend for 1924, amounting to the equivalent of $1.73%. There was speclal strength in Gin- ter, in Western Union, in Westing- house Air Brake and in Famous Play- ers. Woolworth was bid up again, and so was Plerce-Arrow. Crucible Steel was at one time selling a_point higher and so was Hudson Motor. International Paper was up over a point and Havana Electric over 3 points. Savage Arms made a new Jow, close to 50, and there was a transaction in Plerce-Arrow prior pre- ferred at a loss of 14 points from the last previous sale. The stock market continued in the main strong in the late trading, but with the movement of prices very un- even. One or two of the rubber stocks, certain of the public utilities and a varlety of specialties led the list. U. S. Steel common again felt the depressing effect of the recent dis- closure that British hoMings had been largely reduced, thereby suggesting the possibility of an addition to the floating supply which had to be taken care of. For the first time on record mer- chandise imports and exports during a single month, June, came out ex- actly even. In this month a year ago exports were $32,000,000 above Imports, and in May this year there was an ex- port credit of $42,000,000. MARKET CLOSES STRONG. U. 8. Rubber Reaches Highest Price in Past Two Years. NEW YORK, July 14 (®).—Stock prices forged steadily ahead today, with pool operations given fresh im- petus in the late trading by a lower- ing of money rates. Speclalty move- ments, based on rumors of new com- binations and reports of large current earnings, formed the bulk of the day’s trading. Total sales approximated 1,000,000 shares. The closing was strong. The brisk demand for United States Rubber, which crossed 60, the highest price in two years, for a gain of 5 points, fea- tured the late trading. Niagara Falls Power moved up 4 points, and Wheel- ing and Lake Erie preferred and Amer- fcan Ice each sold about 3 points above yesterday's final quotations. Markets at a Glance NEW YORK.—Stocks strong; U. 8 Rubber crosses 60 to 1925 high. Bonds steady; Dodge Bros.' deben. tures active. Foreign exchanges mixed; Danish and Norwegian kroner at new highs. Cotton advanced; bullish consump- tfon report. Sugar steady; better demand. Coffee easy; lower spot market. CHICAGO.—Wheat barely steady; better weather. Corn easy; favorable crop reports._ Cattle higher. Hogs steady to firm. = FOREIGN EXCHANGE. Quotations furnished by W. B. Hibbs & Co.) Nominal %llln(:hukl gold value. . lon, pound. .. $4.8661 fontreal. dollar. . arfs. {ranc NEW YOR}\ July 14 (®).—Forelgn exchanges frregular. Quotations (in cents), Great Britain, demand, 485 11-16; cables, 486%; 60-day bills on banks, 4815%. France, demand, 4.69; cables, 4.695. demand, 3.69; cables, 3.69%. : Belgium, 4.63%; Germ&ny, 23.80; Holland, 40.04; Norwa; 17. Sweden, 26.84; Den- mark, 20.84; Switzerland, 19.41; Spain, 14.51; Greece, 1.60%: Poland, 19%: Czechslovakia, 2.96; Jugoslavia, 1.76; Austria, 14%; Rumania, 49; Argen- tina, 40.37; Brazil, 11.20; Toklo, 41%; Montreal, 100 1-32. e L TREASURY CERTIFICATES. “tQuotations furnished by Redmond & Co NEW YORK THE EVENING STAR, WA stock EXCHANGE | |MONEY RATES PUT Received by Private Wire Direct to The Star Office Ahumada ($1).. Afr Reduc (4) Ajax Rubber. Allled Chem (4). Allied Cm p#(7) . Allls Chalm (6) . Allis Chal pf (7). Am Agricul Chim. m Ag Chm pf.. & Beet Sug(4). Am Bosch. Am Brk Shoe(5) . Am Can (17). AN Car&Fdy (6) A3 Chaln A'(2). AriChicle...... ATt Chicle ctts Am Drug (60c) Am & For Pow. Am&F Pt (1). Am&FP 25% (7). Am Hide & Lea. . Am Hide & I pf. Am Ice (7) Am Ice pt Am Internat| Am La Fran u). Am Linseed. Am Linsd pf 3% Ar Loco (118). . A Radlator (4) Am Bafety R (3). Am Ship & Com. . Am S & Ret (6).. Am Stl Fdys (3). Am 8t1 Fy pf(7). Am Sugar Am Tel&T Am Tobaceo (7). Am Toba B (7). . Am WW&EI 1.20. A WWEEI pf (6).. Am W W 1st (7). Am Woolen. . Am Wool pf (7). Am Writ Pap pf. Am Zinc. .. Am Zinc of . Armour Del (7).. Armour Il A(2). Arn Cons & Co. 333333 | 383333 55 32 TODAY'S METAL MARKET. NEW ' YORK, July 14 UP).—Cop, frm; electrolytic, spot and futires, 14%. Tin firm; spot and futures, $8.37. Iron steady; prices unchanged. Lead steady; spot, 8.00a8.35. Zinc steady; East St. Louis, spot and fu- g, tures, 7.17a7.20. ~Antimony, spot, Artloom Corpn Asso Dry G(2% Asso Ol (2). Atchison (). Atchisap pt (5).. Atl Birm & At. Atlantic C L(18). AtIGuit& WI.. Atl Gulf & W1 pt Atlan Ref pf(7). Austin-Nichols. . Baldwin L (T). Balto & Ohlo(fi). Bal & Oh pf (4).. Bang & Ar (3). Barnsdall A. Beech Nut(2.40). Bethlehem Stl. Beth St1pf(8)... Booth Fisheries. Booth Fish 1st. . Botany Mills(A). Briggs MIg(3%) Bkl Edison (8) Bkl-Man Tra Bk-Man T pf( Bkl Union G( Brown Shoe (4) . Brunswick (3.605 *BuftR&P pf(6). Burns Br B (2).. Bur Add Ma (3). Bush Terminal. Bush Ter de (1) . Butte Cop (50¢). Butte & Sup (1). Caddo Central Cal Packing ( Cal Pete (. Cellahan Calu& *Canada Sou (3). Can Pacifie (10) Cent Teather.... Cent Leather pf. CRRNJ (412). Century Rib (2). Cero d Pasco (4). Certain-Teed (4). Chanaler (3). Ches & Ohio (43. Chi & East Il Chi & East Ill Chi Great We: Chi Gr West pt. Chi Mi1 & StP... Chi MiI& StP ot Chi& Nwn (4)... Chi PneuT (5). ChiRI&Pac... CRI&PDpt (6). CRI&PDL(D. Chi Yellow C (4). Childs ($2.40). Chrysler Corpn Chrysler pf. . Chrysler pt A( Coca-Cola (7). .- Col Fuel & Iron Col G & E (2.60). ColCarbona4) ... Com Solv A (4) Congoleum (2) Cont Can (4) . Cont Mot (80¢) Corn Prod (2)... Crucible Stl (4). Crucible pf (7). Cub Cane Su pf.. Cub Am Sug (3). Cudahay Pk () Cuyamel Fr (4). Davison Chem. Del & Hud (9) . Del L & Wn(17). D&RG Wstpf.. Detroit Ed (8)... Dodge Bros CLA. Dodge pf (D). . Doug Pectin (1). Open. High. Low. Clore. 11 Indep Ol (1).... Indian Refining. . % | Inspir Cop (50c). % % % 114% 1141 Dome Mines (2). P Dupont (10). Eastman (18). Eaton Axle (2).. Elec Powr & Lt.. EIP&Lpt(7).. E P&L pf 40%pd EP&L full pd () Elec Str Bat (4). Emmerson Brat. Erle2d pf. Famous Pl (8) Famous Pirs rts. * | Famous pf (8) Feder Lt (11.40). Federal Mines. Fed Min pf (1) First Nat Ppf(8) Fisher Body (5). Fish Bd O pf(8). Fisk Rubber. . Fisk 15t pf (). .. Fleischmann (4). Foundation (8).. Freeport-Texas. Gardner Motor Gen Am Tnk (3). Gen Asphalt. ... Gen Asph pf (5). Gen Cigar (8). Gen Gig deb (7). Gen Bleotric(3). 28 Gen El spec 60c. Gen Motors (6).. Gen Mot pf (7).. 1 Gen Petrm (2)... Gen Ry Sig (6).. Granby Consol. . Grt North pf (5). Gt Nor Ore (1) Grt Wetn Su (8). Greene Canan. .. ‘Guantanamo. Guif Mo & Nor. Gulf States S5(8). Hartman (2%).. Havana Blec (6). Hayes Whl (3).. Homestake (14). Household P (3). Hotston Ofl... dson Mot (3). Hupp Mot (1)... 81% 81% 28% 28% 40% 4" 42% 3% 18% 82% 64% 19% 27% 28% 24 2% 16% 15% 57% 57% 141% 142% 18% 18% 62% 62% 283 283 32% 83 52 Interb Rap Tr Internat Agri. Int Bus Mac ( Int Cement (4). . Int Com Eng (2). Internat Har (5). Inter Har pf (7). Int Mer Marine. Int Mer Mar pf. Int Nickel Int Paper. Intl Paper pf (7). Int Ry Cent Am. Int Ry CA pf(5). Int Tel & Tel (6) Intertype (11%). JewelTea....... Jones Bros Tea. Jordan Mot (3).. Kan City South.. Kan C So pf (4), Kayser (Julius; Kelly-Spring. Kennecott (3) Keystone T & R. Kinney G R (4).. Kresge Dep S(4) Laclede Gas (8). Lee Tire & Rub. . Lehigh Val(3%). Lig & My B(14). Lima Loco (4). Loews Ine (2) Loft e Long Bell A ( Lorillard (3). Loutsiana Ofl Louls & wshm Ludlum (2). McCro B (LCD) Mackay pf (4). Mack T 1st (7). Macy HR & Co. . ManEmd g (5). Manila El (2%). Maracaibo Ofl... Market St prior.. Marland O (75¢). Malin-Rock (1).. Martin-Pry (4).. Mathieson Alka. Maxwell(B)ctf: May Dept St(5) . Metro G pf(1.89). Metro Ed pf (7). Mexican Seabd. . Miami Cop (1).. Mid-Continent. . Middle States. . . Midland P pt(19) Mis Kan & Tex.. MK&T pf (5).." Missouri Paciflo. Missour! Pac pf. Mont Power (4). Montgom Ward.. Moon Mot (3)... Mother Lode 75¢. Motor Whi 1.60. . Murray B (12.40) Nash & Chat (7). Nat Biscult (3).. Nat Dalry (3) Nat Dpt Stores. Nat Distillers. Nat Enamel & S. Nat Lead (8). Nat Supply (3 Nevada Copper. NY Alr Br(4).. N Y Cannes -m. N Y Central N Y Dock pf (5). NY NH & Hart. . NY On & Wn(1). NY Rys pf tr cfs. Niag Fls Pw (2). g F pf(1%).. Norfolk South. .. Norf & West (7). North Am (3.40). North Am pf(3). *Northn Cent (4) North Pac (5) Nunnally (1) Onyx Hoslery Onyx Hos pf (7). Oppenheim (75¢) % | Orpheum (1.80). 108% 104% 16 68% 29% 105% 14% 14% 4% 4% 28 28% 80% 80% 28% 28% 178% 180% 39% 40 2% 3% 184 82% [N 19 44 41% kil 18% 82% 64 19% Otis Steel. . Owens Bot (3)... Pacific Gas (8).. Pacific O11 (3)... Packard (11.70). Paige Mot(1.20). Pan-Amer (6)... Pan-Amer B (6). Panhandle. .. Parish & B sta. Penick & Ford. Pennsy R R (3) Penn Seab Steel. Peoples Gas (8). Feoples Gas rts. Pere Marq (4). Phla Co (4).. Phila& RC& Phillip Morris. .. Phillips Pet (2). Phoenix Hoslery. Plerce Arrow. . Pierce Arrow pf. Plerce-A. prior 8. Pitts Coal pE(6). Pitts Term Coal. Pitts Ut pf $1.20. Pitts & West Va. Postum Cer (4) Press Steel Car. Prod & Refiners. Producers&R pf. Pub Se E&G pf 6. Pub Ser NJ (5). Pukt Serv NJ rts. Pub S NJ pf (7). Pullman Co (8).. Punta Al Su (5). Pure Ol (1%)... Radio Corp of A. Radio C pf (3%). Ray Cons Cop. Reading (4). Reading 1st (2). Reading 2d (2).. Replogle Steel. .. Rep Ir & Steel. ... Repnolds Sprngs Rey Too B (3)... Rey Tob pf (1) Rossia Ins (6). .. Royal D (4.42%) St Joseph Ld(2). StL & SanF(5). StL San F pf(6). St L Southwe: Savage Arms. ... Schulte (*8) . Schulte pf (8). Schulte rights. .. Seaboard Air L. Open. High. Low. Close. 6% 83% 147% % 71 54% 42% 33% 31 3 Seagrave (1.20). i Shattuck-Ar! Shell Trad (2. 06) - Shell Un (1.40).. Shell Un pf (6).. 10 Stmms Pet (1) Simmons Co (2). Sinclair Oil. . Stnclair pf (8)... Skelly Ol ... South Port § (6). South Pac (6)... Southern Ry (5). Sou ot (5). Spicer Mfg. P Spicer pf (8 Std Gas & E1( Std G&E1 pf(4).. St Ofl Calif (2) StONNJ (1).... StOIINJ pf (7). Std Plate Glass. . Sterling Prod(4). Stew-Warner (5) Stromberg (6)... Studebaker (4).. Superior Ofl- . Symingto: symznmn A, Tlhutunh 26c.. Tennessee Cop. ‘exas Co (3).... ‘ex Gulf § (%) Tex & PacC&O. Tex & Pacific.... Timken R B(14). 12 12 11\6 !ll( 51% 111% lll‘“ ln% 15 15 14% 48% 48% 48% 4% 6 % 3T% 8% 29 2% 13% 124% 68 43% 108% 118% 8% 81% 308 66% 88% 27% 66%% 121% 21 Liberty Bonds Shaded—Rail and Industrial Issues Are Bit Lower. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, July 14.—Bond prices were a shade lower in today's market. Uncertainty prevailed as to the im- mediate future of money. ‘With banks holding bonds in record amounts and with demand for funds for commercial purposes increasing, it was reasonable to expect that soon- er or later securities would come into the market for sale. Arguing along this line, dealers were reluctant to add to their commitments in high- grade investments. The Treasury 4s and Liberty fourth 4%s were the Government issues in greatest supply today and quotations ylelded accord- ingly. Rates Off Fractionally. The same tendency was apparent in such corporate obligations as Balti- more and Ohio first 4s, Canadian Pa- cific 48, New York Central §s, Nor- folk and Western 4s and Southern Pacific refunding 4s. A large block of Colorado Southern 4%s came out, down fractionally. An exception to the rule was Dela- ware and Hudson convertible 5s, which were active and strong, but it was the conversion privilege which was back of the advance. Dodge 6s Popular. Another bond in favor both on ac- count of investment value and con- version possibilities was the Dodge Bros. 6s. The first $5,000,000 of the Dodge debentures are convertible into class A stock at $30 per share. Julius Kayser 7s, selling at 104%, were at a new high for the year. Here it was the attractive yleld of over 6.75 per cent which was the interesting fea- ture. Sugar bonds were not unfavor- ably affected by the near demoraliza- tion in the sugar trade. Cuban Do- minican 7%s were conspicuously steady. Latest Bond Offerings. French bonds were a trifle lower, but otherwise there was little change in_the foreign group. There will be offered Wednesday $10,000,000 in Hungarian consolidated municipal 73%s, due 1945, at 89, to vield about 8.67 per cent. New issues today included $3,500,000 Long Island Lighting 6s at pa; MOTOR BUS COMPANY GRANTED PERMITS Lines to Run From Washington to Baltimore, Annapolis and Atlantic City. Special Dispatch to The Star. BALTIMORE, July 14.—The Public Service Commission today granted permits for three motor bus lines out of Washington+to_Annapolis, to At- lantic City and to Baltimore. “De luxe” service is to be furnished by the Washington Motor Coach Co., beginning about August. The commission also granted per- mits to the Baltimore and Ohio Rail- road for local freight truck service between Baltimore and Laurel and Washington. The trucks have been operating about a month without per- mits and the road was notified several days ago that permits would have to be taken out. GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks ) GerGt (win) s 1014-18 ouoo Hambu: 135 Ger Gt (Quoted_ rsomsorioensatirs B ERERE XS Son Rt aacs 222323323 33333323 Mercur Bank Vienna. NEW STOCK OFFERED AT $12.50 PER SHARE NEW YORK, July 14 (#).—Public offering is made today of 100,000 in- vestment trust shares of the Securi- ties Trading and Holding Corporation at $12.50 a share. The new corpora- tion, recently organized under the laws of Delaware by the International Securities, Ltd., has no bonds, bank loans or preferred stock and will pro- vide the advantages of a British in- vestment trust. Ifi Tobac Prod (6 Transcont Ol Transue & W(2). Tnderwood (3).. 47% Union Ofl (1.30). 37% Un Pacific (10).. 188% Un Tank Car(5). 129 Utd Alloy Steel.. 24% Utd Cigar(13%). 80 United Drug (6). 128 U S Cast Iron P.. U S Distributing. 82 4% 27% 81% 81k 4% 4% 27% 2% 47% 48% 86% 86% 185% 185% % B5% 60% 107 108 39 39% 45% 45% 116% 115% 124% 124% 81% 82% 68% 68 4% 94K U S Steel pf (7). Universal Pipe.. Univer P p# (7).. Utah Copper (4). Vanadjum....... Va-Caro Chem. .. Va-Caro Ch pf. Va Ry & Power... Vivadou... Wabash. .. Wabash pf Waldorf (1%)-.. Ward Baking B.. Warren Co (4) Weber (4) . West Pen (4).... West Elec pf(7). West Maryland. . West Md 2d pf... Westn Pac (5a)." Wesn Pac pf(6a) West Unon (7). West Air Br (6). Westinghse (4).. Weston Elec. Wheel & L Eri Wheel & L E pf. White Eagle (2). White Mot!(4)... Wickwire ctfs. .. Willys-Overld... 19% Willys-0d pf(7). 108 Woolworth (3).. 161% Worthn Pum, Worthton B (6). Wright Aero(1). Wrigley (13%).. Yellow C (2.52).. *0dd- lot. . tPartly extra. 14% | 16% 1% 82% 6T% . 67T% 15% 15% 66 66 48 48 564 564 119% 119% 115 115 65 3% - tPazabie a eut‘h:l.r.fi::lx ?nnm:fy decl arations; a Dulors “otherwine " noted. extra e speciai SHINGTON, .D. C, TUESDAY, JULY 14, 1925. [ovmewvorx BONDS somenes] [ANOTHER UPTURN Recelved by Private Wire Direct to The Star Office. . 226 108 30 108 15 46 107,29 107 15 FOREIGN. Close. 10128 102 228 1016 10121 102 22 103 26 10729 Sales. High. Low. Clols Tt 87 964 Chile 75 1943 Chile 8s 1926. Chile 85 1941. Chile 85 1946. Danish Munic 8s B. Denmark 6 Denmark 8; DEI5%s Mch '53. DEI5%s Nov '53. Dutch East I 6a'47 Dutch East I 6s'62. Finland s f 6545 Finlands 7 Japanese 4, Japanese 635 9! Jergens U M 68 '47. Lyous és Montevideo 7s. Netherlands 6: Netherlands 6s '72. Nord 6%s 56 Norway 5%s wi... ms Norway 6s 1943 Norwuy 6s 1944 ‘10 asntd 8 Queensland 6s Queensland 7s. Rio de Jan 85 1946 Rio de Jan 85 1947. Rio Gr Do Sul 8s. . Sao Paulo State 8s. St of § Paulo rots. Sefne Dept cf s Serbs Crot Slo 8: Swiss Confed 8s. .. Toklo bs. = Ud Kingry 53829, Ud Kingrh 5%s'37. Ud Steam Copen 6: Uruguay 8 Zurich 8 MISCELLANEOUS. Ajax Rubber 3s. 2 101 101 Am Agr Chem 7%s. Am Chain sf 65°33. Am Repub deb 6s. Am Smit & R 1st 53 21 98% AmSmit &R Am Sug ret Anaconda 1st Anaconda cv db 7 Andes Cop 7s rets.. 8 Atlantic Refin 5i Bell Tel Pa 6s. Beth Steel pm 6. Beth Steel rf 5s.... Beth Steel 5%s 63. Beth Steel s f 6s. .. Brier H St 15t 5%s. Bklyn Ed gen 5 8 Bklyn Ed 6s B Brooklyn Union Bush T Bldg 68 '60. Calif Pete 6% Cen Leth 6s 4| Chile Copper 6s CinGEG6%s’62. ColGas& Elbs.... Col Gas & El 5s sta. Commonwth P Con Coal Md 1st6s. & Con G NY 5%s wi..125 Consumers Pow s. 21 Cuban Am Sug 8s.. Denver Gas bs. Dodge wi Du Pont d Dug L & P 5%3 Est Cuba Sug 7%8. Empire G & F Fisk Rubber Her: Rumhlb O&R '%l Illinois Bell 1st §s. Tllinois Steel 4%s.. 8% | Kelly-Spring 8: Lackawa S 58 *50. Lacl G ref 5s'34. .. Laclede G 5%s "53. Lorillard (P) 6s... Louisv G & E 58 '5! M1d-Con l%l. "0. . Otis Steel 8s. Pacific Gas & Bl is. Y ” 96% 96% 103 Sales. m‘h Low. Close, 86% So Por Rico Sug 7s. 10 Southwest Bell 5 Sug Est Orient Tenn Elec Pow Tide Wat Oil 6%s. . Toledo Edn 18t 7s.. Union Bag & P United Drug U S Rub 1strf 4 Utah Pow & Lt Va-Car Chem 7 Va-Car Ch 7%s w.. Vertientes Sug 7 Warner Sug 7s'39 West Elec 5s. Westn Union & Westinghouse 7s.. 16 Wilson & Co 1st 65. 6 2 Youngstn B & T 6s. 20 AAILROADS. .28 2% 30 90% AtlanticCLcl4s.. 5 87% Atantc CL1stds. 14 92% Atlan CL 43%s '64. 86% lll% 116 101% 101% 105% 105% 100% 100% 94% 9i% 102% 102% 101% 101% 108% 108% 96% 9b% 103% 103% 88% 89% 106% 107% 100% 100% 105% 105% 95% 95% 98 28 Kt 80 91 91 80% 80% 99% 99% 111% 112 107 107 9 99 7% 7% 101% 101% 99% 99% 2% 2% 89% B89% 87% 8% 101% 101% 102% 102% 4 102% 102% B&O PLEWYV 4s.. B&O Sw Div bs cfs 143 B & O Toledo 4 Bklyn Manhat 6s.. 49 Buff R & Pitt 4%s. 24 Canad North 7s Canad Pac deb CCC & St L 5s. CCC&StLre6s A. Cleve Term bs. Cleve Term 53%s. C&S1st 45°29 Colo & Sou 4% Cuba RREs... CubaRR7%s Del& Ha 1st rf 4 Del Hud cv 55 ‘35. . 103 Del & Hud 5%s. ... Det United 4% Erfe 15t cons 4: Erle gen 4s Great North s, Great North 5%s. . Gr North gen 7s... G Mob&N 5%sB 50 Havana ERL&P 50 Hud & Man ref 5s. Hud & Man aj 5s. .. Iil Central ref 4s. 111 Central 5%s. 111 C-C St L&NO Int Rap Tran 5s. .. Int Rap Tr 5s stpd. Kansas City § 3s. Kansas City S §s. Kan City Term 4s. Lake Shore 4s '2 Lake Shore 45'31. Louts & N uni 4s. Louis & N §s B. Louts & Nash § Louts & Nash 7s Man Ry 2d 45 2013. Market St Ry M1l El Ry & L 6 M & St L 1strf 4s. StP & SSM 6% K&Tds=. K & T adj 5s. K&TprinbsA. 34 MEK&T6sC. Mo Pacific ger: 4 Mo-Pac 55 1926. Mo Pac 55 1965. M M M M 57. NOTex&M5sB.. NOT&MG%s NYCengenidl N Y Cent 4s 98. N Y Centdeb 4s.. N YCentribs N ¥ Cent deb 6s 2 N Y Cent LS cl 3% 13 NYC&StLdbés. 4 NY Chi & St L5%s 27 New Hav d 45°57... ted Norfolk & W en 4s. 19 7 Northern Pac Northern Pac 4 Northern Pac 5s Northern Pac r 1 6 Ore & Calif 1st Bs. Ore Short L ret Ore: rt 87% 87% 96% 97% T4% Td4% 90% 90% 87 87 116% 116% 80% 80% 102% 102% 103% 103% 87% 87% 97% 9T% 904 90% 104% 105% 48% 49 904k 90% 75% 76 63% 63% 4% 47% 8% T8% 47% 484 4T% 4T4 103% 108% 107 107 8% 76% 83% 88% 8S% 86% 88% B88% 93% 934 116% 116% 80 80 99% 99% 98 98 984 98% 103% 103% 100% 101 106 105 104% 104% 90% 90% 105% 106% 102% 102% 844 84% 98 98% 58% 88% 58% 88 1% 1% 63 63 104% 104% 94% 95 107% 107% 844 95% 101% 102 110 110 101% 101% 93% 93% 91 91% 76% 76% 90 90 102% 102% 100 100% 67% 67% 674% 674 70% 70% 89% 89% 104 104 2% % 59 86% 734% 91 86 98% 965 94 104% 1044% 107% 107% 107% 107% 53% 53% 102% 102% 8% 79% 86% 86% 94l 94% 103% 108% 100% 100% 108% 108% 7 95% 96% 59 90% % 106% 106% 100% 100% 9% 9T% 83 83 92% 92% 101% 101% 97% 98 110% 110% 1\17’/: 108% Y% Term Asso StL 4s. Texas & Pac 15t 5s. 34% 99% 994 93% 99 994% 93% 86% 884 95% 88y " 6 90% 994 91 79 79% 102% 102% 105% 105% 110% 110% 86% 86% 84 84 101% 1014 b56% 55% 99% * 2‘ 106% 1 103% 10”‘ % ‘WisconsinCent 4s. 2 80 DIVIDENDS. Feriod. Rate able, hoddA.Ia‘ n i 16 | ©58 butter, 36a37. - presen! Stoek of | a. mode of curing R FINANCIATL, IN WHEAT PRICES fieports of Black Rust in New Areas Halt Early Weakness. By the Associated Press. CHICAGO, July 14.—Although wheat prices had a downward slant at | the opening today, the early declines were soon much more than overcorae. Announcement that black stera rust was prevalent in Southern Manttoba and was also attacking wheat n & katchewan did a good deal to give the market a frésh upturn. On the other hand, cooler weather in the Spring wheat States, lagging quotations at Liverpool and opinions that consider- able damage to crops had been dis- counted by the recent sharp advance in values, were explanations given of the initial weakness of the market. The opening, which ranged from 3-8 decline to % advance, September, 1.52% to 1.562% and December, 1.54 to 1.55, was followed by numerous minor changes and then by an irregular rise all around, with September touching 1.55% and December, 1.56%. Corn and oats were easy, influenced by more favorable weather. After opening at % to 1% decline, Septem- ber, 1.08% to 1.08%, the corn market sagged a little further, but then raliied. Oats started at % to % off, Septem- ber, 47% to 47%; reaction that ensued tailed to hold. In line with hog values the provi- sion market averuged higher. Hllh E; I3 F 23 285 333 oo ikin @ R 222 ok 383 35 202 ik 388 3% e R e S® on b 33 83 e “.” g oo @b 33 83 == wn Gk 33 8 Beliemier $97 Per Share Is Voted on Mining Stock in Year By the Associated Pres NEW YORK, July 14.—A divi- dend of $21 a share was declared today on the stock of the Great National Mexican Smelting Co., controlled by the Guggenheims and owning mining properties in Mex- ico. The payment is the fourth this year, bringing total disburse- ments to $97 a share thus far in Washington Stock Exchange SALES St %00k, BAE: Zél—sl 00? at 103‘1 1 Gavital Traction 98% ‘500 8 at 10 et cor 1100 at 62, 81 10 at Bus. & Elec. ptd_—30 at 84. National Metropolitan Bank—3 at 30 B ion Comn & rust Coo3 at 413, National Mortsage & Investment pfd — t 0%, 20 at 015 40 at 0. 50 at 0% Sethrity ‘storate Co. AFTER CALL. Washington Rwy. & Elec. pfd—10 at 84, 40 at 84. 35 at & so t 84 American. Security & Trist Co—10 at 345, TUNLISTED DEPT. District Title Insurance Co.—12 at 20. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY American Tel. & Telga. 4s American Tor. £ 106 M ,:m ;el & Tel il om: & Telephone & & & etieono? Capital Traction R. City & Suburban 5&. Georgetown Gas 1st 5 Potomac Elec. 1st 5s. S & Elec. gen. 6s. MISCELLANEOU: Wardman Park Hotel 6: PUBLIC UTILITY. Wash. Rwy. & El Wash. Rw . & EI Terminal Taxi com. Libe Nnuonll RS . Second . Natl. Bank of Commerce Savings. East Washineton et. National TITLE INSURANCE. % | Colymbia Title, DAIRY PRODUCTS. BALTIMORE, Md., July 14 (Spe- cial).—Live poullry—Sprlng chickens, pound, 28a39; Leghorns, 22a29; old hens, 21a29; Leghorns, 21a22; old roosters, 15a16; ducks, 15a20; ducks, 20a25; pigeons, pair, 25a30. ‘Receipts, 665 cases; native and nearby firsts, offered at 313a32. Butter—Good to fancy creamery, pound, 39a44; prints, 44a46; ladles, 34a 35; store packed, 31; roils, 31a33; proc- The Two Medical Schools. Homeopathy is a system of medi- cine which < teaches that diseases should; be treated or cured by drugs capable of producing similar symp- toms of disordered health to, those ted by them, while lllomtgg is roduc- young | TRADING IS LIVELY ON LOCAL BOARD Bonds Show More Strength Than Stocks—Other Financial Notes. Trading was active on the Washing- exchange today, with bonds showing more strength than stocks, Capital Traction 5s providing the feature of the morning, with $4,000 moving at 98%. FEighteen shares of Capital Traction went at par. Railway preferred sold in four lots totaling 135 shares at 84, while Wash- ington Gas moved 100 at 62, 10 at 61% and 10 at 61%. National Mortgage and Investment hreterred moved at a rising market, the first 310 shares going at 9% and the next 60 at 9%. Insurance Company Elects. Albert F. Fox was re-elected presi- dent of the National Union Fire In- of Washington yesterday rs also renamed were: B L. Saul, vice president; William T Galliher, vice Larner, secre: vell, s in" trax»« annual meeting prfh\lfiua]) had elected the fol lowing dire: . . Davis, Al . Fox, W. T. Galliher, Hol - Johnson, J. Leo Kolb, John B. Larner, Philip F. Larner, Walter S. Pratt, jr.; B. F. Saul and John C. Weedon. Traffic Records Smashed. Revenue freight loading on railroads of the United States in the first six months of 1925 were greater than for any corresponding perfod in the his. tory of the roads. Total loadings from January 1 to July were placed by the American Raflway Association today at 25,162, 080 cars. This total exceeded by 306,496 cars, or 1.2 per cent, the pre. vious high mark, made in 1923, and also exceeded by 1,219,024, or 5.1 per «’“—;‘A; the total for the same period in 19 Loadings for the week ended July 4 aggregated 864,452 cars, an increase of 106,548 above the same week last vear, and an increase of 14,370 cars above the e week In 1923. The total, however, was a reductien or 126,889 cars under the preceding week ending June 27, the decrease being attributed to the July 4 holiday. Compared with the preceding week. this year, decreases in the total load- ings of all commodities were reported in all districts during the holiday week. All districts reported in creases over the correspanding period last year, while all reported increases over the same week two years ago except the Alleghany and North western. Much Interest in Debt Plans. Administration circles continue to be somewhat disturbed over persistent reports that the United States is to be expected to demand from all other debtors exactly the same terms al lowed Great Britain. The agreement whereby Great Britain refunded her igations to the United States on a ear basis at rates of interest at 3 and 33 per cent was based upon that empire's ability to pay, it is re- iterated by officials here. Negotia- tions with other powers are proceding along similar lines—the ability of the debtor to pay. The same general plan of allowing long-time amortization at a reduced interest rate is expected to be adhered to, but there need be no expectancy, according to authoritative informa- tion, that the smaller nations with less ability will be pressed into any agreement which could not be fulfilled by them. Less Money in Circulation. The Treasury's figures for July 1 show the per capita amount of money in circulation as $41.49, as compared with §42 of the same daun last year. Gas Light Dividend Voted. The usual quarterly dividend of 90 cents has been declared by the Washington Gas Light Company board of directors, to stockholders of record July 15. It will be paid August 1 Plans Vacation in Maine. Francis G. Addison, jr., president of the District Bankers’' Association, will leave Washington tomorrow by automobile for his vacation at York Harbor, Me. He expects to return by August 4. CHICAGZ) LIVE STOCK MARKET CHICAGO, July 14 (United States Department of Agriculture).—Hogs— Receipts, 22,000 head; steady to 10c higher than Monday's average; major packers holding back; bulk better grades, 170 1bs. and more, 14.00a14.25; top, 14.30; 140 to 150 pound weight, largely 13.75a14.00; bulk desirable packing and butchers’ sows, 12.70a 13.00; majority strong weight slaugh- ter pigs, 13.00a13.50; heavy-welght hogs, 13.35a14.25; medium, 13.60214.30; light, 13.40a14.30; lightlight, 13.25a 14.10; packing hogs, smooth and rough, 11.80a12.00; slaiighter pigs, ( ttle—Receipts, * 7,000 head; to choice fed steers and yearlings, 25c higher; lower grades steady to Strong; trade very uneven: buyers overhaul- ing market for finished offerings; best matured steers, 14.10; vearlings, 14.00; handy weight, 13.90; she stock steady; quality plain, slow; bulls steady: vealers uneve outsiders hand pick- ing at 12.50a13.00; steady to strong; packers taking medium to good kind around 11.00. Sheep—Receipts, 14,000 head; early sales native lambs steady to strong: spots higher; sorts considered; bulk desirable kind, 16.25; culls generally steady to strong at 11.00a11.50; no early sales westerns; asking, 16.00 and better; fat sheep fully 25 higher, spots up-more; medium-weight native ewes upward to 8.2 range wethers, 80 per cent twos, 11.00; range year- lings, 12.50. STO&S EX-DI VIDEND Date Gorporation. 5 Ao Cheas & Dye Corp.: s,l‘ 15—Amer ‘Shipbuilding Co. . . 15—Atlantic Refining Co 18 —Civamer Frail, So, y 15—Eaton Axle & Spri 15—_Famous Players L y 15—Gimble Bros. Inc, uly 15—fiu otor’ Car ‘Corp. - . iBational Shos O3 b4 1y 18 Lomevile & Naa ShER 0 15—Nanoning Coal B 80 ¥ 15—Mo Ran & xaapiAls 18—Moon Motor Car 78 15—Mullins Body & at Dept Strs. T ¥ D 18—Cerro de 18 feitrmgtionst Nécurco bt. xg:ggfi‘mm e iversal EERLE i g‘;:: 8—Union diseases by ing a condition opposite to unt char- ucm-huc of the disease. Chinese wag _their clench.d'- fists instead of shaking hands.