Evening Star Newspaper, July 22, 1925, Page 22

=99 » FINANCIAL, SELLING IS HEAVY IN STOCK MARKET Many Pivotal Issues Lower at Close—List Weak Throughout Day. Abitibi Pow (4). Adv Rumley . Ad Rumley pf(3) Air Reduc (4)... Ajax Rubber. ... Allled Chem (4). 1 Allied Cm pf(7). | Allis Chalm (8). | Am Agricul Chm | Am A= Chm pf. | Am Beet Sug(4) | Am Bosch. .. Am Can (17) | Am Can pf (1) | Am CardFay (6) {AmC&Fopr (1) | Am Chicle. .. | Am Chicle pr uf | Am Drug (80c) | Am Express (6) Am & For Pow Am & F P pf ( Am Hide & Le: | Am Hide & I pt. Am Tce (1) | Am Ice pf (6) Am Internatl. | Am Linseed ... Am Loco (+18). Am Metal (3).. Am Radlator (4) Am Republic. .. Am Safety R (3) Am Shjp & Com. Am S & Ref (6) Am S & R pf (1) ! Am St1 Fdys (3). Am Sugar. Am Sumatra Am Sumatra pf . Am Tel & Ca (5) Am Tel&Tel (9). Am Tobacco (7). Am Toba B (7). Am Typ Fdrs(8) lAm WW&EI 1.20 | A WW&EI pf(6) Am W W st (1). Am Woolen. . Am Wool pf (7). Am Zine. .. Am Zincof ... Anaconda (3) ... Armour Del (7). Armour Til A(2). Arn Cons & Co. . Artloom Corpn. Artloom pf (7). . Asso Dry G(2%) Asso Of1 (2). Atchieon (7) Atchieon pf (5) Atl Birm & At.. Atlantic C L(8) AtIGUI & WI.. At! Gulf & WI pf Atlantic Refing. Austin-Nichols. . Baldwin L (7)... Bald Loco pf(7). Balto & Ohlo(5). Bang & Ar (3) Barnet Leather Barnsdall A. .. Barnsdall B Bethlehem Stl. .. Beth Stl pf (7) Booth Fisherles. Booth Fish 1st Botany A (4) Briggs Mfg(3%) Bkl Edison (8) Bki-Man Tran. . Bkl Union G(4). Rrown Shoe (4) Brunswick-Balkt Burns Bro (10). | Butte Cop (50c) | Butte & Sup (1). Caddo Central. .. Cal Packing (6) Cal Pete (1%). { Callahan Zinc. .. | Calu & A (12%). | Calu & Hee (50¢) Can Pacific (10) Case Threshing. | Case Thresh pf Cent leather Cent Leather bf. Century Rib (2). Cero d Pasco (4). BY STEUART P. WEST. Special Dispatch.to The Star Y YORK, July 22.—There were Is in today's trading when the stock market appeared to be de- veloping a positive downward ten dency. But when the leaders of the list came down a half point, they encountered support and in the afternoon some of the principal is- sues had a moderate rally inter Steel Common Drops. teel common dipped below 118, but was readily taken at this figure and substantially hard ened. So did General Electric, Mack Trucks and the tobacco stocks. To bacco Products. was up. 2% points and the A shares also made a new high as did Reynolds Tobacco B. United Cigar Stores was up more than a point, There were special buying operations in Famous Players, Con- tinental Insurance, Kresge Depart- ment Stores, which was up nearly 3 points, and Cushman’s Sons. Gen eral Baking made a new high early in the day, but later reacted. More New High Marks. New top figures were reported in Howe Sound. in Detroit Edison, which was up 2 points; Niagara Falls Pow- er, International Harvester, which was up 3 points; Fisk Rubber first preferred, which had evidently not fully exhausted the good effects of the restoration to a 7 per cent basis; Weber and Hellbroner and the two typewriter stocks, Remington and Underwood. Both of the last named were up from 3 to 4 points on fairly active trading. American Can and Baldwin Loco- motive sold off over a point. Ameri- can Safety Razor lost 2 points of its recent gain and Chrysler Motors the same. The upward movement in North American was checked and the stock sold off more than a point Davison Chemical Weak. Davison Chemical was off over 3 points and Columbla Gas 113 points. There was a sharp break in Havana Electric. Such recent favorites as Foundation Co., United States Rubber and Sears-Roebuck receded from 2 to 3 points. Among the olls Pan-Amer- ican dropped a point; Studebaker, be. low 47. was down over a point In the railway section what was de scribed as important buying went on in Missouri-Kansas-Texas common. New Haven was uncommonly active, anticipating that the comparatively favorable showing of the last few months in the earnings statements would be followed up in the June figures. Gulf, Mobile and Northern | was another feature among the low priced rails. Announcement that Goodrich Rub- ber common had been put upon a $4 basis was preceded by a further rise fn the stock. With the news out, there was a good deal of profit taking MARKET CLOSES HEAVY. United States Leaders Heavily Sold During Day's Final Trading. NEW YORK, July 22 (®).—Handi- capped by a weakened technical posi tlon, the stock market today proved vulnerable to selling attacks, directed | Certain-Teed(4). principally against the pivotal indus- | Chandler (3). trial issues and to an extension of re- | Ches & Ohio (4). cent profit taking. Maintenance of | Ches&O pf(6%z2). firm money rates discouuraged fresh | Chi & Alton. . buying operations. Sales approximated | Chi & Alton pf.. 1,300,000 shares Chi & East IL.. .. The closing was heavy. Concentrat- | Chi Great West.. ed selling of American Can. United | Chi Gr West pt.. States Steel, du Pont, General Electric | Chi Mil & StP. and other market leaders continued in | Chi Mil& StP pf. the final hour, with losses of 1 to 2 |Chi& Nwn (4)... points scattered through the indus- |Chi PneuT (5). trial list. American Radiator, Con-[Chi RI1& Pac... tinental Gan and Foundation Co., how- {C RI &P pf (6) ever, were among the individual strong | CR1& P pf (7). spots. Childs (12.40) Chi'e Cop (2%). Chrysler Corpn Chrysler pf A(8) | Cluett Peab (5). | Coca-Cola (7). Coca-Cola pf (1) Col Fuel & Iron .. Markets at a Glance NEW YORK.—Stocks lower Iic_utilities under pressure. Col G & E (2.60). Bonds easy: trading restricted by |Com Inv 0) stiffer money rates. | Congoleum (2).. Foreign exchanges irregular: francs slightly lower Cotton lower: Wall Street selling Sugar easier; European selling. Coffee firm: higher Brazilian ma ket CHICAGO.—Wheat foreign demand Corn steady west reports. Cattle firm. Hoge higher: small receipts. LONDON RUBBER BOOM IS ROUGH ON CLERKS Staffs Working Night and Day to Handle Great Rush of Orders. pub- | Consol Cigar . | Con Cig pf 18% | Consol Distribut Consol Gas (5) .. Consol Textile Cont Can 4) . Cont Insur (6) .. Cont Mot (80c). . Corn Prod (2)... | Crucible Sti (4). Cuban Cane Su. . Cub Cane Su pf. . Cub Amr Jug (3). Cuban Domin. .. | Cuban Dom pf . .. Cudahay Pkg (T) Cushman's (3). . Cuyamel Fr (4). | Daniel Boone. Davison Chem. . | De Beers (88c) .. | Deere&Co pf(5). D& RG Wst pf. Del & Hue (9)... | Del L & Wn(17). | Detroit Ed (8). . | Dodge Bros Cl A. | Dodge pf «7),,5. | Pectin (1). July 22.—Such a rush of | Bongne10). . business has developed from the re-|puPont deb (6). cent rubber boom that the Stock Ex-| change committee is obliged to keep | Eastman (18)... its settling rooms open two hours |Eaton Axle (2) . longer than usual daily to the semi.| Elec Powr & L. monthly settlement beginning today. | £l P & L pf (1)~ - The Daily Mail points out that some | E P&L pf 40% b firms have been obliged to treble their | Elec Str Bat (4). staffs. Some staffs are working night | Emmerson Brat. and day, while there is a demand for |Erle RR.; -- extra assistants at high remuneration. | Erfe 18t pf. . - The rubber section of the London | Exchange(1%). Stock Exchange was surfeited with |Fairbks (2.60)... hundreds of orders early in the week | Famous P1(5).. for shares, due to a rising market. In | Famous Pirs rts. the Spring of last year crude rubber | Famous pf (8).. s0ld for about one shilling per pound | Feder Lt (11.40). on the London market. On July 11, it [ Fed Min pf (1) reached 4 shillings 2 pence (about $1)|Fid Phoenix (6). per pound for immediate delivery. First Nat Ppf(8) Fisher Body (3). i = x Fisk Rubber FOREIGN EXCHANGE. Fisk R 1st pf (7) (Quotations furnished by W. B. Hibbs & Co.) | Flelschmann(4). Nominal Selling ehecks | Foundation (8). . codvaiie ook Freeport-Texas. 00 86% | Garaner Motor .. Gen ATC pf (). Gen Asphalt Gen Baking (6) Gen Cigar (8)... Gen Electric(8). Gen Bl spec 60c. Gen Motors (). Gen Mot pf (1).. Gen Petrm (2) B Ry Sig (6)- Gimbel Bros. .. Ginter (1%) Gliaden Co Goodrich. .- - Goodyear pf M. Goodyear pr (8) Grt North pf (5) Gt Nor Ore (1) Grt Wstn Su (8. Greene Canan. .. Gulf Mo & Nor. . GuM& N pf (6) Gulf States 5(6) Havana Elec (6). Hayes Whl (3).. lower; absence unfavorable south 1ated Press. London. pound Montreal.” dollar Pars. franc Brussels. franc Berlin, mark Rome. lira Zurich. franc. Lihene. drachma Crown. Budapest. crown erown zloty.. en. crown 3 crown Im. crown NEW YORK, July 22 (P)—Foreign exchanges steady. Quotations in cents: Great Britain, demand, 485%: cables, 48634 60-day bills on banks, 4817. France, demand, 4.70%: cables, 4.70%. Italy, demand, 3.67%: cables, 3.68. Demand—Belgium, 4.61; Germany, 23.30; Holland, 40.13%: Norway, 18.0 Sweden, 26.87: Denmark, 21.60; Swit- zerland, 19.41%; Spain, 14.47; Greece, 156%; Poland, 19%: Cechoslovaki 2.96; Jugoslavia, 1.76; Austria, 14% Rumania, 50: Argentina, 40.37; Brazil, 1150; Tokve, 41%; Shanghai, 78%; Montreal, 100 3-32. Open. Hizh 66 1% 58 1067 14% 907 119% 844 2% 15% 58 107% 14% 91 119% Low. 65 13% 57% 1045% 13% 90% 119% 834 21% 624 66 16% 5T% 106% 13% 91 119% 83 214 6214 38% 324 201% 119% | Remington Type | Replogle Steel. | Shell Un (1. : THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JULY 22, 1925. ‘ NEW YORK BONDS STOCK EXCHANGE l Recelved by Private Wire Direct to The Star Office,” . High. 47 4" 42% 3% 214 32 628 18% 114% 36% 17 Bin 42% 28% 271 164 68% 41% 117% 118% 8% 31 297, 67 | Hoe & Co A (4).. Homestake (14). Household P (3). Houston O11 Howe Sound Co. Hudson Mn 2% .. Hudson Mot (3), Hupp Mot (1). Illinois Cen (7). Indep Of1 (1).... Indan Motorey .. Indian Refining. Inland St(2%). . Inspir Cop (50¢). Interb Rap Tr... Internat Agri. 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. .. Tntl Paper pf (7). Int Ry Cent Am Int Ry CA pf(5). Int Shoe pf (8). . Int Te! & Tel (6) Jordan Mot (3).. Kan City South. . Kansas & Gulf Kayser (Jullus). Kelly-Spring Kennecott (3). .. Keystone T & R Kinney G R (4) Kresge Dep S(4) Laclede Gas (8). Lee Tire & Rub. . Lehigh Val(3%) Lizgett & M(14). Lig & My B(44). Toews Inc (2). Lorillard (3) Loulsiana Oil. Louls & Nsh(6) . Ludlum (2)..... McCro B (1.60). McIntype P (1) Mackay pf (4). .. Mack Treks (8). Mack Trucks rts. Mack T 1st (7). Macy HR & Co.. Magma C (75¢).. Mallison & Co. Manat{ (8)...... Man FI Sup (4).. Man Emd g (5). Man Shirt (114). Manila Bl (2%). Maracaibo Ofl. .. Market St prior Marland O(75e) Malin-Roek (1). Martin-Pry (4).. Mathieson Alka. Marwell(A)ctts. Viaxwell(B)ctfs. Metro Ed pf (7). Mexican Seabd Mid-Continent Mtdd'e Stat Midland P pf(19) Minn & St Louls. Mis Kan & Tex. MK&TDf (5).. Missonri Pacific. Missourt Pac pf. Mont Power (4). Montgom Ward. Moor Mot (3) . .. Mother Lode 75c. Motor Wh 1.60. . Munsingwr (3).. Murray B (12.40) ash & Chat Nat Acme (sta). Nat Biseult (3).. Nat Cloak (4). Nat Dairy (3 Nat Distillerspf. Nat Enam pf(7) Nat Lead (8).... Nat Lead pf (7). Nat Ry Mex 2d.. Nat Supply (3) Nevada Copper NOTex&M (T). N Y Alr Br (4).. ! N Y Canners(2). N Y Central (7). NYC&StL(S).. NYC&StLpf(6). N Y Dock. . NY NH & Hart. NY Rys part cfs. Niag Fis Pw (2) Norfolk South. ... Norf & West(7). North Am (3.40). North Am pf(3). North Pae (5). Onyx Hoslery. .. Oppenheim (76¢) Orpheum (1.80). Otts Elevat (6) Otis Steel. . Owens Bot (3).. Owens B pf (7) Pac Cozst 2d pf.. Pacific Gas (8). Pacific Of1 (3) Packard (11.70). Palge Mot(1.20). Pan-Amer (8)... Pan-Amer B (6). Panhandle. Parish & B sta.. Park & Tilford. . Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Peoria & East . Pere Marq (4). Phla Co (4). Phla Co pf (3)... Phila& RC&I Phillip Morris. Phillips Pet (2). Phoenix Hoslery. Plerce Arrow Pierce Arrow pf. Pierce Ofl. . Pierce Oil pf. Plerce Petrol. Pitts Coal. . Pitts Stl pt (7) Pitts Term Coal. ‘Pitts & West Vi Postum Cer (4) Prod & Refiners. Pub Ser N J (5). Put, Serv NJ rts Pub Se E&G pf 6. Pullman Co (8). . Punta AlSu (5). Pure Oll (1%)... Radio Corp of A. Radio C pf (3%). Ray Cons Cop. Reading (4) Reading rts Reading 1st (2). Reading 2d (2).. Robt Reis & Co. . 86% 18% 40 41% 25 % 16% 48% 9% 824 89% 54’ 584 4% 86 8 56 109% % 33 42 15 186 i 66% 6% 42% 24% 104 44 28 22% 94% 27% 104 72 9844 1015% 874 26% 106 55% T4% 58% 43% 17 10% 12 Rep Ir & Steel. Repnolds Sprngs Rey Too B (3). Rossia Ins (6). Royal D (4.42%) Rutiand pf. St Joseph Ld(2). St L &San F(6). St L Southwest. Savage Arms.. . Schulte (*8).... schulte rights. Seaboard Air L Seabd Air L pf.. Seagrave (1.20). Seurs-Roebk (6). Spattuck FG(2). Shattuck-Ariz. Shell Trad(2. ,s 5 Shell Un pf (6).. simmons Co (2). Stmms Pet (1).. Sinciair Oil... ... Sinclair pf (8). Skelly OIl. Sloss-Sheft (6 South Port 8 South Pac (68)... Southern Ry (5). South Ry pf (5). Spicer Mfg. Spicer pf (8). . Std Gas & E1(3). Stand Mill (5)... St Of] Calif (2) StOUNJT (1)... StOUNJIpf (1), Std Plate Glass Sterling Prod(4). 0% = 140 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Close. 47 47 4“4 A1% 42% 2% 2% 20 20% 32% 32% 62 62 184 18% 14% 114% 35% 35% 17 17 8t 84 2% 421 28% 28% 27 27h 15 15% 6% 67% 41 a1 114 115% 118% 118% 8 8 304 T 30% | 29% | 298 66% 884 66% 88% 3% 31% 65 65 1164 1164 110% 110t | 3418 94 1815 684 68Y% 191 192% 15% 16% 110 110 8hls BT 41 41 26M 26% 50% 50% 514 Blk 46 464% 279 41 41 2651 251 50% 50l 44 44 24 24 27% 27% 20 80 15 15 109'5 114'% 4% 31% 2% U7% 2% 344 85% 334 79 831y 6315 30°% % 32 34% 31 149 9 T1% 69l B5% 35 6815 80% 151 18 1% 61% 13 121% 49 43% 116% 122 913 254% 324 24 10% 76 33 128 3 49% 654 28 4 29 341 94 B4% 9 40 18% a4v% 37U 28% 73 1% 33 61 46 98ty 36 36 71 T1% 117% 117% 19 19 % 714 L 94 94 140 33 [ 46 98% 33% 28% 3% 49% 16% 85% 18% 40 414 23% ki3 54 49% 16% 863 18% 40 414 24% 6% 15 48% 9% 813% 89% 54% b8l 404 84 48 56 108% 3, e 32% 41 14% 184% 66 6% 42% 24% 104 44y 23 22 93% 26% 103 % 984 100% 87% 26. 106 bd'e T4% 58% 43% 17 10% 104 nu 7% 28% | ! however, |of Tuesday. 18% | MoTe speculative, were firm NONEY 5 HHER BOND PRCES DRFT Rates Put Damper on Broad Trading—U. S. Obligations Irregularly Lower. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, July 22.—Bond prices went lower almost uniformily through- out the list in today’s trading. Not orfly was there selling of United States Government lssues at declin- ing prices, but the heaviness in second- grade bonds which would not be ex- pected to respond to money influences. The second 4!, Liberties dropped be- low 101 for the first time in weeks and there was a loss amounting at one time to a quarter of a point in the third 4%s Large blocks of Illinois Steel de- benture 4s came out, but without change in price. Other Issues Lower. was in the second that character day’s market was plainest. Brook- lyn Manhattan Transit 6s, for instance. at 901 compared with the year's high of 92, and Mis- souri Pacific 6s at 100% compared with 4 high of 102%. In neither case has there been any change in the prospects for the corporation from the time when the bonds were quoted at the high point Anaconda 68 lost but 16 grade, to to- part of the gain the 7s. which are Washington Bonds Offered. Obligations of the sugar producing companies were a shade lower, and American Beet Sugar s got down be- low 101. Rogers Brown Iron 7s sold { within a half-point of their record low made in May. Pan American Pete 6s were down at one time a point, but Empire Gas and Fuel 7ls were high- er, within a fraction of the year's best price. International Mercantile Ma- rine 6s duplicated the previous low of the year. The strong spot among rails was the New Haven s, which went up in sympathy with buying of the stock. New offerings included $2,500,000 Washington Building. Washington, D. C., first mortgage 6s at par, and $1.500,000 Crew Livick Co., three-year 6 per cent notes to vield 6.75 per cent. CHICAGO GB.AITN PiICEs. CHICAGO, July 22 (#).—Owing to recent severe setbacks in price, less disposition was shown today to press the,selling side of the wheat market, and rallies from early declines took place. With the weather Northwest very favorable for maturing the Spring crop, however, prices at first showed a downward trend. Cutting of grain m the southern sections of the North- west belt was reported as becoming more general, and indications were that although black rust was wide- spread, actual damage has been com- paratively small. The opening, un- changed to 1% lower, September 1.481% to 1.49% and December 1.49 to 1.50, was followed by rallies that lifted Sep | tember to 1.501 and December to 1.51. Buying on the part of recent sellers who had a profit in sight gave strength to corn. After opening at 8 off to % up. September 1.03% to 1.03%, the corn market quickly scored moderate gains all around. .(]al_n derived firmness from corn. Starting at s to % decline, Septem- ber 441 to 44%, oats prices latep showed a slight general advance. Provisions were firmer, sympathiz- ing with an upturn in hog values. WHEAT— Open. High. July ine 2 5: September mber CORN— July . ¥ 333 wbi 223 23 & Db ik 25> mad 22 385 232 Bk i S g P 33 oo 232 588 333 233 PEE EEE PR DoD miki BRB 328 R SR December LARD— July September Octoer RIBS— July September 535 xa 233 33 55 5o @% 535 o wam &3 32 Stew-Warner(5) Stromberg (6).. Studebaker (4).. Submarine Boat. Superior Oll. Symington.... .. Symington A(2). Telautogph 25c. . Tennessee Cop. . TexasCo (3).... Tex Gulf S (7%) Tex & Pac C&O. Tex & Pacific. ... *Tex Pac Ld Tr. Third Avenue. .. Tide Water (n). Timken R B(14). Tobac Prod (6). . Tob Prod A (7). Transcont Oil. .. Tnderwood (3) .. Union 011 (1.30) . Un Pacific (10). . Un Pacific pf(4). Un Tank Car(5). Un Tk Car pf(7). Utd Alloy Steel. . Utd Clgar(#3%). United Drug (7). UtdDrug 1st 3% Utd Fruit (10).. U S Cast Iron P.. U S Distributing. USHoff (2)..... S 1nd Alcohol. Realty (8) Rubber. . Rub 1st (8). Smelting(3). Sm pf (3%). U S Steel (17)... U S Steel pf (7). U 8 Tob pf (1) Universal Pipe. . Univer P pf (7). Utah Copper (4) . Vanadium (2) Van Rite 1st(7) . Va-Caro Chem Va-Caro Ch pf... Vivadou. 2 Wabash. ‘Wabash p: . Waldorf (1%)... Ward Baking B.. Wwarren Co (4).. Weber (4)...... West Pen pf (7). a2a 23 & a2 u USs uUs us uUs uUs Westn Pac (5a Wesn Pac pf(6a) West Union (7). West Alr Br (6). Westinghse (4). Weston Elec Weston A (2). Wheel & L Erle.. Wheel & L E pf. White Eagle (2). White Mot (4).. ‘White Rock (12) Wwickwire ctfs Wwillys-Overld. .. 19% Willys-0d pf(7). 104 Woolworth (3).. 165 Worthn Pump. .. 39% Wright Aero(i). 30 Yellow C (2.52).. 43% Youngstown (4). 71% +0dd lot. ptany sz are the annual A 131% 105 2% 16% 25 19% 39% 28 2% 404 4 UNITED STATES BONDS. (8ales are in $1,000.) 8 High! Low. Lib3% Lib 18t 4% Lib2d 4%s 134 Lib3d 4%s. 263 Lib4th43%s 790 US4s1944 472 1038 US4%s’s2 90 1073 FOREIGN. 84 15 102 11 1021 101 4 10113 1016 10215 1024 Sales. High. Low. Close. 874 964 96% 96 103 99% 99°% 864 93 984 108% 107% 109% 96% 83% 824 98Y% 100 1027% 102% 1024 101 102% 108 108 41% 98% 110 90% 9874 100% 100% 100% 12 111% 104 - 110% 10042 100% 102% 102% 8714 96 96 95% 1027% 99 99% 86 92% 98 108 107% 109'% 95% 83% 82 98 1007 102% 102% 102% 100t 102% 108 108 41% 98 110 9% 98% 100% 100% 99% 112 11% 103% 1104 100t 1004 102 102 94 94 9045 9945 102 874 96% 927% 854 964 93 8314 921y 9815 197% Argentine §. Argentin Argentin Argentine 6s B Argentine 7, Austria s Bank of Japan Belglum €s. .. .. Belgium 6% s w1 glum 75 wi. Belgium 7%s Belgium 8 ©erne 8s Bolivia 8s.. Bordeaux 6s. Braztl T Brazil g Canada 55 1926 Canada 58 1931 Canada 551952, ... Canada 5%w 1929. . Chile7s 1943 ... .. Chile 8s 1926 Chile 85 1941. Chile 851546, ... Chinese Gov Ry bs. Christiania 6s. . Christiania 8s. Con Pow Japan 7 Copenharen 5%s Cuba 5%s. .. Czecho 85 1951.. Czecho 85 1952 o. Danish Munic 85 A Danish Munic 8s B Denmark 6. Denmark 8 . DE15%s Mch '53. DEIK%s Nov 63, Dutch Fast 1 6547 Dutch East T 6s '62 Finlands T . Framerican 7%s French 7s French 7%s French 8s. .. Ger E16%5'50 w German 7s. ... Ger Gen Elec 7 Greek 7s Haiti 65 Hungary 6345 Japanese 4s Japanese 614s. Jergens U M 6547 Mexico 45 10 asntd Mexico 5 nted Montevideo - Netherlands 6s '54. Netherlands 6s°72. Nord 6%s. Norway 5135 w Norway 1943 Norway 6s 1944 Norway 65 1952 Norwey$s..... ... Orlent Dev deb 6s. Paris-Ly’s-Med 6s. Paris-Ly's-Med 7s. ang 1036 1074 8215 95% 100% 100 101 1105 86% 764 8% B4% 100 69% 89 9614 92% 9475 94t 957 9974 102% 100% 87% 884 100% 10415 102 116% "% PeruBs....... Poland 6s "40. .o Poland 85750 wi. Porto Alegre 8s Prague 7%s....... Rio de Jan 85 1948. Rio de Jan 85 1947. R10 Gr Do Sul 8s... Sao Paulo City §s. . Sao Paulo State St of § Paulo ret Seine Dept cf . Serbs Crot Slo & % 1946, Swiss Confed 8s. .. Ud Kingm 53%s'29. Ud Kingm 5%3 37 104% Zurich 8s 1094 MISCELLANEOUS. Ajax Rubber3s.... 1 101 1011 Am Agr Chem5s... 2 102% 102% Am Agr Chem 73s 16 10315 1031 Am Cotton Ol 5 5 96 958 Am Repubdeb6s.. 3 97% 97% Am Smit& R 1stbs 26 98% 984 Am Smit& R 2 107% 107% Am Sug ref .12 1024 102% AmT&Teltr4s.. 8 97% 97% AmT&Tcltrbs.. 9 101% 101% AmT&Tstbs. .. 217 974 96% AmT&T deb5 6 103% 103 AmT&Tev . 27 184% 134 Am Water Wksb5s. 23 96 96 Am Writ Paper 6s. 3 59 58 Anaconda 1st 6s... 75 101% 101% Anaconda cvdb 7s. 48 102 101% Andes Cop Tsrcts. 64 98% 98 Armour & Co 4% 11 90 898 Armour Del 5% 28 94% 944 Atlantic Refin 5s 100 100 Bacnesdail s f 38 106 1054 Bell Tel Pabs. ... 102% 102% Beth Steel pm 58 93 Yeth Steel rf bs. ... 94% Beth Steel 5145 63. 87% Beth Steel s { 6s. .. 938, Brier H St 1st 5%s 99% Bklyn Ed gen bs.. . 101% Bklyn Ed 6s B. . Brooklyn Union 5s. Bush T Bldg 65 '60. Cen Leth 68’46 cfa Chile Copper : Col Gas & El 58 Commonwth P Con Coal Md 1s Con G NY 6%s wi Consumers Pow Cuban Am Sug 8§ Denver Gas § Dery (DG)7s..... Det Edison 55 '40. . Det Edison ref 8s. . Dodge wi Donner Steel Duq L& P 5%s’49. Dugquesne Light 63 Est Cuba Sug T%s. Empire G & F Ths Fisk Rubbet 8s Goodrich § 104 1008, 96% 99% 1074 101% 80 10344 9714 107% 941, 79% ‘ 1024 107% 98% 93 104% 106 105 103% 114 103% t1o% 120% 98Y% 104% 101% 10044 94 1024 85 91ty 97 99% 101% 1021 9L% 94ty 1094 100% 100% 964’ 967 101 9815 911s 99% 1007 100% % 114% 105% 97% 107% 1094 101% 1041 95% 9614 105 99% 97 100% i 97% 108% 105% 98Y% 9814 104% 9% 1031 110 .98% 105% 103% 103% 1044% 14 14 L2110 Hershey 5%s wi... 91 Hershey 68 1942... 26 Humble O& R5%3 6 Ilinois Bell 1st6s. 7 Liinols Steel 4%s. 150 Indiana Steel Int Mer Marine 6 Inter Paper 55'47.. 2 Inter Paper 6 .165 KCP&Lt6sA'st 72 KanG & El 65'52.. 6 Kelly-Spring 13 Keystone Te! 14 Lackawa S 5 Lacl G ref 58'34. . Luclede G 5%s"53. 10 Liggett & Myrs 6s. rd (P) Manatl Sug sf 7%s Mid-Con 63%s, "40. . Midvale Steel b Montana Pow b New Eng Tel bs N Y Edbs'4t w N Y Eden1st6 NYGELH&PS Pacific Gas & EL Pac T & T 1st bt Pac T&T 8’5 Pan-Amer Pete Pau-Amer Pete 7 People’s Gas 65 Phila Co 5%s'38. PhilaCoref 65 A Phila& RAC&15s Plerce-Arrow. Producers & R is. Public Service 63 Pub Serv Elec 6s P Serv Gas 5%s 59 P Serv Gus 335 '64 Rep Ir & Steel 55 Saks& Cosf7s.... Close. 100 25 100 21 100 25 102 11 100 27 100 28 1017 1027 102 30 102 34 106 20 10€ 22 1004, 87% 926 96% 96 102% 99 99% #6% 93 98% 108 107% 109% 96 8% B2bn 984 100% 102% 102% 102% 101 102 108 108 41% 98% 110 90% 98% 100% 100% 100% 12 111% 104 110% 100%% 100% 1026 1024 94% 94 90's 99% 1024 874 96% ' Rb's 96% 93 3% 93 98% 19% 32 5% 1034 107% 5244 96 100% 100% 101% 110% £5% 76% R4y B4% 1004 S70% 8915 964% 2% 95 944 95% 997 1027 1004 8% 8¢ 100% 1043 102 116% 117% 1047% 109% 101 102% 10314 9b% 97% 98% 107% 102y 97% 101% 967% 103 1345 96 5915 10119 1017% 93 80 9414 100 1054 1025 93 94% 87% 944 100 1015 104% 100% 96% 99% 10715 100% 1021 80 103% 9744 10715 9K 9% 1024 107% 9874 93 104% 106 106 1044 114 103% 110% 121 984 104% 1014 100% 94 1024 8L% 917 8Tl 995 101% 1024 81% 9% 100% 100% 100% 96% 9678 101% 9814 9ta 99% 100% 100% 1141 108% 7% 1077 109% 101% 104% 95% 97% 106 99% 97% 1008 | 978 108% 105% 9815 28Y% 104% 99% 103% 110 987 | 1064 103% ¢ } Sou Pacific 48°29.. Sales. High. Low. Close . 2106 _106 106 . 59 110% 111% 111% 6 B9 8% 5 944 20 2 28 Sharon Stl H Stncialr Ol Sinclair O11 63%s. Sinclair O11 7. % SnCOPLé6s’28.. 81n Pipe Line & Skelly Oll 6%s. So Por Rico Sug 7: Southwest Bell 65. Tenn Elac Pow 6; Tide Wat Oll 6%s. Toledo Edn 18t 7 Union Bag & P United Drug US Rub1strf§ U 8 Rubber 7%s U S Smelter 65 U S Steel 8 £ bs Utah Pow & Lt bt Va-Car Chem 7s. .. Va-Car Ch T%s w. Vertlentes Sug 7s. Warner Sug 7s'39. West Elec bs. Westinghouse 7s. . Willys-Ov 6145 '33. Wilson & Co 1st 8s. Winchester A 73%s. Youngstn S & T 6a. 21 RAILROADS. Ann Arbor 4a. .. Té% Atehison gen 4. .. 89% Atlantlc C Ll 4s. . 87 Atiantic C L 1st 4. a1% Atian C L 4%s 64 9344 B & O 5old 4 894% B&Ocv4k%s 93 B&Oretbs. ... 90% B&O1st5sct 1004 B&OG6s. .. 103% B&Orfimpss.... 15102 B&OPLEWYV 4s.. 874 B&O Sw Div 5sctn 141 96% B& O Toledo 4s. .. T4% Bkiyn Manhat 63 90% Canad North 8348 117% Canad North Ts 116% £0ly 100% 102% B7% 984 904 105% 49% 94 100% 867 114 105 100% 10214 101% 108% 6% 108% 89 107% | 100% 106% 9b% 98 80 91 B14 994 106% 102 99 102 99% T4nm Central Pacific 4s. . Ches & O cv 4%s Ches & O gn 4%s. . Ches&Ocvbs. ... Chi & Alton 3%s. Chi B & Q gn 45 '58 Chi B& Q 1st rf bs. CB&Q-T3%s Ch&EIgnbs.... Chi Great West 48. C M & Puget Sd 4s. CM&StP4s 25.. Qaaaaanan C&WIb5%s'62. .. CCC&StL4%s. .. CCC&StLGs..... CCC&StLrfésA. Cleve Term bs. ... Cleve Term 5s. Cuba RRBs.... Del & Hud 5%s. Den & Rio G cn 4s. D& Rio G imp 5s. . D & Rio G Wst bs. . Des M & Ft D 4s Det United 4%s. .. Erle 1st cons Erie gen 4s. Erieconv4s A. Erte conv 45 B. Erie conv 45 D. Erfe conv ext 7s. .. Erle & Jersey bs. .. Erle Genessee R 63 FlaEC5s'74..... Gr Trunk sf db 6s. Grand Trunk 7s... Great North fs. . .. Great North 5%s.. Gr North gen 7s. .. G Mob&N 5% sB 50 Havana ERL&P '50 Hud & Man ref 55 Hud & Man af bs. . 1l Central ref 4s. . 111 Cent ref 5s'55. . 111 Central 53%s. 111 C-C St L&NO bs Int Rap Tran 5s. .. Int Rap Tr 5s stpd. Int Rap Tran 6s... Int Rap Tran 7s... Int & G Nor 1st 6s. Int & G Nor aj 6s.. lowa Cent 1st 53 Kan City Ft S 4s Kansas City S3s.. Kansas City § 5s. . Kan City Term 4 Lehigh 582003 Louis & N uni 4s. . Louis& NG5s B. . Louis & Nash 5%s. Louis & Nash 7s Manhat Ry cn 4s Market St Ry 7s. M1l El Ry & L bs. M&StLrfex5s. . M St P & SSM cn 4s M St P & SSM cn bs M StP & SSM 5%s. M StP & SSM 634s. K&T1stds.... &T4s2 & TadjSs.... &TprinbsA. o Pacific gea 4s.. Mo Pac bs 1 Mo Pacitic : Mo Pac 6s cfs. Montrl Tm 1st bs. . O Tex & M in bs. O Tex & M s B. NOT&MbBY%S. T&M5%s { Y Cen gen 314 Cent 45 98 Cent deb 4: ¥ Cent r i 6 Cent deb 6s. C&StLdbis. Chi & StL 5%s © @ NANNNONERN BNND I NNRE 9 T0s ~m M MK MK MK 227 O i 22222227 = Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3 Northern Pac 5s D. Northern Pacr 1 63 Ore & Calif 1st bs. . Ore Short Liret 4s. ht L cn 5s '4s. Pennsyl 6% Pennsyl gold 7i Peoria & E inc de. . Reading gen 4%s.. Rio G West cl 4s RIArk&L 4%s. St L IM&S R&G 4s. SIL&SFplisA.. StL&SF 5%sD. StL&SFadj StL&SFincés... StL&SFpl6sC.. StLSW 1st 3 StPUnDepbs.... San A & Arn Pds.. Seabd ALrefds.. Seab'd A L adj bs..206 Seab’d A L con 33 15 3 11 4a 3 3 59 2 12 4 5 Sou Pacificclt 4s.. Sou Pacific ref 4s. Southern Ry gn Southern Ry 1st bs Southern Ry 6s ct. Southern Ry 6%s. . Texas & Pac 1st bs. Third Ave ad) bs Union Pac 1st 48 Union Pac st rf 4s Union Pac 48 '27 Un Pae 1st rf 5: Union Pac cv 6s. 103% 104% Virginia Ry 1st 63. Va Ry & P 1st 8s 43 2! E 22 3 26 9 27 5 u FINANCIAL, Banker Felicitated JOSEPH GALES MOORE. MOORE 58 YEARS WITH SAME BANK National Metropolitan’s Audi- | tor Began as Messenger Back in 1867. Fifty-eight vears of service with the National Mefropolitan Bank, dur ing which time he has advanced from the position of messenger to that of auditor, is being celebrated today by Joseph 'Gales Moore Mr. Moore, who is the son of a for. mer presi“ent of the one-time Board of Alderr en of the National Capital, entered the employ of the bank July 22, 1867, doing messenger and general work, which included giving assist ance to the paying teller. In those days all checks were col lected by messengers, the house not having been organized un til April, 1887. The listing was done by hand and additions by brain work, as there were no typewriters or add ing machines First Associates Gone. So far as Mr. Moore knows, not a single diredtor, officer or empioye of the bank at the time he entefed its employ is now living—yet Mr. Moore still s at his post. At that time John B. Blake was president and Moses Kelly cashier of the institution, which was the successor to the Bank of the Metropolts and which entered the Na tional Banking Association in the Spring of 1865. The young bank messenger, had graduated from Rittenhouse Academy in June prior to his enter- ing the bank in July, soon served as general bookkeeper. During this period of about 20 years he was fre- quently called upon to perform duties in other departments of the institu- tion. He was appointed assistant cashier May 2 1895 and made cashier December 5, 1900, succeeding George B. White. Made Auditor in 1909. Mr. Moore was appointed to the po- sition he now holds, auditor. on Jan uary 13, 1909. Although not a di- rector. He was secretary of the board for 18 vears. > Mr. Moore has seen the bank grow from a_capitz]l of $350.000, deposits of $675.000 and total assets of $1,250,000 in July, 1867, to its present capital of $800,000. deposits of more than $16.000,000 and total assets of $19,000.000 The bank has never passed a divi- dend, although Mr. Moore remembers one of them in 1874 was delayed a short time owing to the disastrous panic of 1873, when many large in stitutions closed their doors. Mr. Moore's father was prominent in the early history of Washington He served for more than 20 years as a member of the City Council and Board of Aldermen. holding the po- sition of president of the latter bod- He was connected for 30 vears with the National Intellizencer, a news- paper, before and during the Civil War Mr. Moore received from the direc- tors, officers and employes of the bank today a gorgeous basket of flowers as a tribute to hjs service. He will be 75 years old next Wednesday CHICAGO LIVE STOCK MARKET CHICAGO, July 22 (United States Department of Agriculture).—Hog: —Receipts, 13,000 head; 10 to cents higher than Tuesday's best prices, or 15 to 35 cents Figher than average: light lights, stong to 25 cents higher; killing pigs unchanged: big killers, inactive:, bulk better grades 170 pounds and up, 13.70a 14.00; top. 14.05: 140 to 150 pounds, mostly 13.25a13.50: bulk packing sows, 12.10a12.50; fevs strong weight slaughter pigs, 13.25: bulk, 12.50a 13.00: average co of packer and shipper droves hece Tuesday, 12.95; weight, 250 pounds: heavyweight hogs. 13.20a14.00; medium, 13.35a 14.00; light, 13.00a14.05; light light, 12.25a13.75; packing sows, 11.75a12.60; slaughter pigs, 12.00a13.25. Cattle—Receipts, 10,000 head : grain fed steers, strong to 25 cents higher: mostly 15 to 25 cents up: heavies showing maximum advance: latter kinds very scarce: 14.60 paid for long earlings: several loads, 14.25a14.50; yearling heifers, 13.15: 1,700-pound bullocks, upward to 14.3 loads heavies, 14.00a14.25 grass steers, slow, stead. she stock, steady to unevenly lower: no change in other classes; bulk vealers, 10.50a11.00. Sheep—Receipts, 8,000 head: fat lambs opened strong to 25 cents higher: later sales showing some re- action: cull natives and sheep steady: no early sales feeding lambs; bulk better grade fat native lambs, 14.25a 1450; sorting light to moderate siz held higher, culls mostly 11.00a11.50 ehoice Idaho range lambs, 15.25 less desirable Washingtons, 14.50; fat yearling wethers, 12.25a12.75; fat native ewes, §.00a3.30; heavies, 6.00 26.50. GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks i Ger Gt (wr 1) 5s 1014.18 575 Hamburg 434s 1010 - mg,§§ 1190 4 GorGort 8" foreed i &G 5o B o 35 per D“;I%ml’l?lim ovt 4- 8-158 1923 (sm 1QE0 in dollars lec "‘al pre-w Hmb 3s. 3%s & 48 pre-w 375 l}:’;fi 1 Hamburg Amer Line 436s 1 £ Tioyd §145 North German ?.l T o oneols DD B8 1031, 1. .o rf 4 pre-war. . -M 48 pre-war g 2 B et S Sl 1359023 SBm o 223332233333353 ~HERIG » 48 Stock of £ if 15 clearing | who | LINOTYPE STOCK IN SHARP RISE Extra Mergenthaler Dividend Makes Trading Lively on Local Exchange. With advices reaching Washincton this morning that the Mergenthaler Linotype Co. had declared another extra dividend of 11, per cent, in addi tion to the regular quarterly dividend of 21; per cent, pavable September 30, trading in this issue was not only lively on the Washington exchange today, but the stock was bid up to 1% The exchange record of yesterd: stood at 177 asked and 178z bid. but this morning trading started off brisk ly with 10 shares going at 180. 3 points higher than yesterday’s bid Another lot of nine shares changed hands at 180%, and there was a con tinued rise during the rest of the trad ing before call. during which further | lots changed hands at 181, 152 and 183. After call, there were further jumps, with 109 shares going at 156 and 26 changing hands at the top notch of 186, for the day Second Extra This Year. The extra dividend declared for September 30 is the second extra for Mergenthaler this year, the previous one having been distributed in March This extra will be distributed to stock holders of record September 2 Unfon Trust the only bank or trust company stock dealt in today, and it reflected the upward tendency which this class has enjoyed for some | time. Five shares went at 135, with | another five selling at 195%x The largest transaction in the | vestment side of the market i transfer of $3,000 of Potomac | Company Construction 5s at 100% ! Broker Manager Resigns Management of the Washington |office of Dean Onativia & Co. has changed hands with the resignation of John Callan O'Laughlin, who with drew from the position in order to represent the Washington creditors of the concern, in connection with the trusteeship. | Bernard A. Smyth is now in charge of the ofice In a statement making { public his resignation. Mr. O'Laugh lIin said he also wished to resume his profession of writing. As the Washington creditors |know,” said Mr. O'Laughlin. “m: | Airst thought been for the pro tection of their interests. Those in terests will continue to be my first thought. T am happy in the con sciousness that the firm ‘s in such financial standing., and the trustees for the creditors to be se¢lected will be of such high repute that Dean Onativia & Co. unquestionably can meet any and all obligations it has incurred.” Tax Ruling for Traders. Dealers in cotton, grain and other commodities in paying taxes may de duct from gross income for open fu {ture contracts placed hedge: against actual spot or trans actions, Solicitor Gregg of the In ternal Revenue Bureau ruled todar The ruling resulted from a protest filed on several returns under the revenue act of 1917 and 1918, but it was accepted as a pronouncement of policy which will guide officials in de termining later returns No purely speculat in futures not offset or cash transactions forward purchases sales,” the opinfon sald, “may be so included or taken into the taxpayer's account in any manner until such transactions are sctually closed by liquidation.” Freight Traffic Picks Up. Revenue freight loadings for the week ending July 11. reported by ca riers to the American Railway Asso ciation, totaled 982,803 cars. an in crease of 118.357 over the precedin week, which included the July 4 holi day, and of 72.826 over the correspond ing week in 1924. The total, however a decrease of 37.000 car: the corresponding week in 192 n h transaction actual spot concurrent e by or POULTRY IS UNSETT CHICAGO. July Alive, unsettled; fowls. ; springs, 32 20; geese, Washington Stock Exchange SALES. Capital Traction 5s—S$2.000 at 98% Potomac Elec. cons. 55--$3.000 at 100 Mergenthaler Linotype—I10 at 180 9 at 180%. 10 at 181, 1 at 181, 10 at 182 10 at 183 AFTER CALL. | Mtge. & Inv_ pfd.—50 LE American Security & Trust Co—2 at 344 Gapltol Traction Co—~ at 106, 10 at 100 Mergenthater Linoty 3t 0 a0 ergen T ai Natio 185,10 at 186. & at 0 at 186 Tnion Trust Co.— 105, 5 at Money—&all loans per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY. 1951 American Tel. & Telga. 4x American Tel. & Telga. 435 Am. Tel. & Tei. ctl Am; Tel & Tel. conv. Anacostia & Potomac Ana & Potomac guar. ; C' & P. Telephone 55 . & P. Telephone of V Capital Traction B. B. City & Suburban 5 Georgetown Gas 1st Potomac Elec. 1t 58 Potomac Elec. cons. Potomac Elec. 68 191 Pot. EI. Pow. £. m. & réf Wadn.. Alex. & Mt. Ver. Wash.. Alex. & Mt. V. cif Wash'. Balt. & Annap. bs. Wachington Gas 5s. .. w..mn!?on Gas 68 s 5s. v w Elec. 4s Wash Bey: & e sen i MISCELLANEOUS. Paper Co. 66 .. Pot. Joint Stogk L'd BK. 85 Rizgs Bealty 86 (long) - sizes Kealty 08 (short] B arket Cold ‘Sior. 55 ardman Park Hotel 6s.. STOCKS. PUBLIC UTILITY. can Tel & Telsa 1403 C-i"p'..{%a""rr.piéon, Ay Washington A ao‘r‘(olkkl w‘.'-%. ieamboat Sen. Bw . % Wash. Bwy. & Elec. pid Terminal Taxi com.. 08 District arme Federal-American Liberty e In . Knional Metrépotitan .. £ Natlonal Bank of Wash. TRUST COMPANY A Security & Trust Eonifnental s‘{l'n‘i' : 5 xt N :::onn Savings & Trust. T ah & Trust States. . T e eion Sechanics' . FIRE INSURANCE American Corcoran on's - National ‘Daten 1111 TITLE INSURANCE Tigle 3 ST e MISCELLANEOUS. R a&rsnfé'zflx"r’ ns. of, Stor... r pe e Mige & Tnvest. oid 8l gt W Sronorype. figu Storage. . i i o 4 S s