Evening Star Newspaper, July 25, 1925, Page 12

12 FIN ANCIAL, THE EVENING STAR, WASHINGTON, D. C. -'SATU'RD'AY. JULY 25, 1925. MOTORS N SHARP WEEK END RISE Heavy Short Covering Due to Trade News—New High Marks Touched. By the Associated Press SW YORK, July of the motc a firm tone although the m contend with inte ing and short selli An overcrowc ort interest automobile group, operati ssumption that the industr d the peak of its 1925 activity ent to cover when h demonstrations lifted Gene d ¢ t0 new h Virtuall sentative e to stoc tent profit tak in on wdson, Stromb Carburetor Pierce Arrow issue Frisc aching record hig cor 1 to lead the medium- priced r higher ground. Ol however, unset by sharp . ican issue ts despit v stock issue 1. Sales shares ap firm; Gen- in automo- ser eks steady cotton, report.. BIG WOOLEN MILLS FACE VITAL TESTS New Kind of Goods, Lower Wages or Price Reductions Are Baffling Problems. BY J. C. ROYLE. Special Dispatch to Th NEW YORK, July trade is divideds at preser whether lower prices or ilate d as to domin: s ind s, C will open 10 pe Tuesday its line N fr involved, an extremel In fact that the a en Co. me: remai > trade nost m e with astern t an effort to brin those paid by comps With a 10 per cent decrease in labor costs, the position of the company probably will not be considered consistent 1 s Tuesday record as fairly decline from those of 1 is generally believed in the t it the price leve! twills, s and staple not be higher than the nd_that e numbers of ather below lead from announc- openings, Of even more importa intimation that American Woole nfine the ma part of its activity tandard fabrie: Many other fac- in the woolen bthi de ke the po: t mere reduction prices i enough to incite cient pu to insure a pros- ition to manufacturers. DRY AGENT REPLACED. R. Harvey Gets Rose’s Place as Chief Opefator in Baltimore. atch to The Star. Jul hibition v and was re- placed Washington agents ope : iltimore by the f William R. Harvey to Lucket of the agents operatir e district, came to Baltimore Washington to tke-up of the Washing ton prohibition unit operating in Bal timore is expected to follow. Removal of virtually all now operating here ex 1a force of from « pri brought se o 15 railroaded was brought about by a report United S Attorney Woodcock condition Woodcock seve “ashington of Rose's before the recent he Ably 1 ged that His remo be e grand jur; was not granted im: Homes Use Much Electricity. Half of the ment manufact electric power equip. d in the country to- day goes into the homes of the nation. Although the incandescent lamp w not manufactured until 1880 the sale: of electric E iances today total a billion dollk 3 The tot: sales of electricity for all purposes in 1924 amounted to mnearly a billion and a halt dol TOCK MARKET. CHICAGO, 2 ¥ report of toda closin X llowing is a s sales, high, low and quotations at the Chicago change XCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold v ndon. pound. . . fontreal. doliar aris. franc russels. 1 Berlin, mark Kome. lira. Zurich, frane. . Athene, drachm; Madrid, peseta. ienna, crown Budapest. crown. Prague, crown. . Warsaw. zloty. Copenhagen, crown Christianis, crown Stockbolm, erown. had | - | and cof- | —The woolen picked men | he | 1 Ad Rumley pf(3) Ahumada (11).. Air Reduc (4). | Ajax Rubber. ... Allied Chem (4). Allis Chalnt (6). Am Agricul Chm. Am Ag Chm pf.. {Am Beet S pf(7). Am Bosch....... Am Can (17).... Am Chain A (2). Am Car&Fdy (6) Am Chicle. Am Chicle pr pf. | Am Drug (oe). . | Am & For Pow Am Hide & Lea. . | Am Internatl. ... | Am La Fran (1). Am Linseed. . ... Am Linsd pf 3% Am Loco (+18).. Am Metal (3). Am Radiator (4) Am Safety R (3) Am Ship & Com. Am S & Ref (6). Am St] Fdy. AmS Am Sugar 2 Am Tel&Tel (9) Am Tobacco (7). Am B (1) Am WW. Am Am Woolen I Am Wool pf (7). | Am Writ Pap pt. Am Zinc...... | Anaconaa (3) Armour Del (7). Armour T11 A(2). Arn Cons & Co. Ass0 Oil (2). Atchison (7). Atlantie C L(18) AUGUf& WI.. Atlantic Refing. . Austin-Nichols. . Baidwin L (T) nsc Bayuk L Beech Nut(2.40). Bethlehem Stl... | Booth Fish 1st.. Brig % Bkl- | Brunswick-Bal Burns Br pf (7) Bur Add Ma (3). Butte & Sup (1). Cal Pete (1%)... Callahan Zine u & Hec (50¢) Case Threshing Cent Ieather-.. Cent Leather pf. Century Rib (2). Cero d Pasco (4). Certain-Teed (). Chanaler (3) Ches & Ohio (4 Chi & Alton.. Chi& Nwn (4). Chi Pneu T (5) Chi RI& Pac. | Chi Yeliow C (4) Chile Cop (234) . S (12.40) ... er Corpn.. Chr pE A(8) Coc: @ | Col Fuel & Iron.. Col G & E (2.60). Com Solv B... .. Congoleum Consol Distribut. Consol Gas (5) jChr &1 Cont Can (4). Cont Insur (6 Cont Mot (80c).. Corn Frod (2). Cructble Stl (4). Cub Cane Su pf.. Cub Am Fug (3). | Cudahay Pkg (7) Cuyamel Fr (4). | Pavison Chem. .. | Deere&Co pt(5). Del & Hue (9)... | Detroit Ed (3). | Dodge Bros ClA. | Dodge pt (7). | Doug Pectin (1). | Dupont (10). ... | Eastman (18)... aton Axle (2) lec Powr & Lt.. {E1P & L pf (7) | E'P&L pf 40%pd End-John (5) |ErieRR. Erle 1st pf. Fairbks (2.60)... amous P1 (8). Feder Lt (11.40). Fed Min pt (7) Fid Phoenix (6). | Fisher Body (3). Fisk Rubber.... Flelschmann (4). Foundation (8) | Freeport-Texas. Gen ATC pf (7).. Gen Asphalt. -| Gen Cigar (8). Gen Electric(8). | Gen Motors (6) | Gen Petrm (2) | Gen Ry Sig (6) Gimbel Bros. Ginter (1%). lidden Co. Gold Dust. ... Goodrich Ru (4) . Goodyear pt (7). | Grt North pf (5) | Gt Nor Ore (1).. rt Wstn Su (8). ene Canan £ Mo & Nor. . M & N pt (6). Gulf States S(5) Hartman (2%). . | Havana Blec (6). | Hayes Whl (3) {Hays W pE(7%). | Houston Oil Howe Sound Co.. | Hudson Mn 2%.. | Hudson Mot (3). | Hupp Mot (1). | 1iinots Cen (1) | Indep 011 (1) . | Indian Motorey.. | Indian Refining. . | Inspir Cop (50c). | Interb Rap Tr. | Internat Agrt Int Cement (4) Int Com Eng (2). | Internat Har(5). | Int Mer Marine. . Int Paper. Int Paper pf (6). Int Tel & Tel (6) Jewel Te pf (7).. Jones Bros Tea. Jordan Mot (3).. Kan City South. . Kayser (J) pf(8) Kelly-Spring Kennecott (3). Lee Tire & Rub. . Lehigh Val(3%). Liggett & M(14). Lig & My B(14). Lima Loco (4)... Loews Inc (2). Long Bell A (4). Lorillard (3). Lorillard pf (7). Loulstana Ofl. ... Louisville Gas A. Ludlum (2)... Mack Treks (6). Mack Trucks rts. Macy H R & Co. Magma C (75¢) Mallison & Co Man Elev gtd. ... Man Emd g (5).. Maracafbo Ofl... Marland O(75¢) . Martin-Parry (2) Maxwell(B)ctfs Metro G pf(1.89). Open. High. Low. 58 10% 58 10% . 105% 105% 14 91 83 14 91 83 122% 4 105% 113% 17% 26 34% 201% 17% 17% 26 84% 203 1% 92% 42 27 93 46 25% 457% 24 114% 20% 24 110% 20% 58 10% 1047 18% 90% 83 2% 66 86% 321 206% 237% 101 51 114% 3515 20 814 28t 121% 105% 17% 26% 34% 201% 1% 89 41% 27 93 46 25% 45% 23 110% 20% 113% 113% 113% 17% 25% 84% 203 17% 92% 42 27 93 46 25% 45% 23 113% 20% Metro Ed pf (7). Mexican Seabd. . Miami Gop (1).. Mid-Continent. . Middle States. . . Midland P pf( Min St P & SSM. M StP & SSM pf. Mis Kan & Tex.. MK&Tpf (5).. Missouri Pacific. Missour! Pac pf. Mont Power (4). Montgom Ward. Moor Mot (3)... Mother Lode T5c. Motor Whi 1.60. . Mullins Body Murray B (§ Nat Acme (sta). Nat Biscult (3).. Nat Dalry (3)1. Nat Distiilers Nat Distillers pf. Nat Supply (3).. Nevada Copper. . N Y AIrBr (4).. N Y Canners(2). N Y Central (7). N Y Dock....... NY NH & Hart. . NY On& Wn(1). Norfolk South Norf & West(7). North Am (3.40). North Pac (5)... Oppenheim (7 Otis Steel. Otis Steel pf Owens Bot ( Pacific Of1 (3) Packard (11.70) . Paige Mot(1.20). Pan-Amer (6). Pan-Amer B () Parish & B sta. . Park & Tilford. . Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Pere Marq (4) Phla Co (4). Phila& R C & Phillips Jones. . Phillip Morris Phillips Pet (2). Pierce Arrow. Pierce Arrow pf Pierce Ofl. Pierce Petrol. 115 14 10 3 87 6814 81% 7% 116% 25 34% 114 u7 6412 60% s Coal pf(6). Stl pf (7) Pub Serv NJ rts Pub S NJ pt (1), Pullman Co (8).. 149% Punta Aleg Sug. Pure Ofl (1%) Radio Corp of A. Ry Stl Spg (8).. Ray Cons Cop. .. | Reading (4). Reading rts..... Robt Reis & Co. . Remington Type Replogle Steel Rep Ir Repnolds Rey Too B (3)... Royal D (4.42%) St Joseph Ld(2). L & San F(5). an F pf(6). schulte (°S) ilte rights aboard Air L. eabd Alr L pf.. eagrave (1.20). ars-Roebk (6). 54% 126 Simmons Co (2). Simms Pet (1).. Sinclair Ofl..... Skelly Oll. Sloss-Sheft (6).. South Port S (6). South Pac (8)... | Spicer s 5td Gas & E1(3). d G&EI pf(4).. St Ofl Calif (2).. tOINJT (1)... tO1i N J pf std Plate G Sterling Prod(4). Stew-Warner (5) tromberg (6)... tudebaker (4).. Submarine Boat. Superior Ofl. Sweets (new) . Symington. ..... Symington A(2). Tenn Copper (1). Texas Co (3).... Tex Gulf S (7%) Tex & Pac C& O. Tide Water Oil. . | Timken R B(14). Tobac Prod (6).. Tob Prod A (7).. Transcont Ofl... Tnderwood (3).. Union Ol (1.30) . Union Oil . Un Pacific (10). . Un Pacific pf(4). Un Tank Car(5). Utd Alloy Steel. . Utd Cigar(+3%). United Drug (7). Utd Fruit (10 Utd Ry Inves pf. US Cast Iron P.. U S Distributing. U S Hoff (2)..... U S Ind Alcohol. U S Rubber. .... U S Rub 1st (8). U S Smelting(3) . U S Steel (17) . | U s Steel pt (7). Universal Pipe. . Univer P pf (7).. Utilities P&Lt A. Va-Caro Chem... ya-CaroChem B. V. ro Ch pt Vivadou. ... Wabash pf A (5). Waldorf (1%) Ward Baking A.. ‘Ward Baking B.. West Maryland. . Westn Pac (53).. Wesn Pac pf(62) West Union (7). West Alr Br (6). Westinghse (4). Weston Elec . Wheel & L Erfe.. ‘Wheel & L E pf. ‘White gle (2). White Mot (4) White Rock (12) Wickwire ctfs... Willys-Overld Willys-Od pf(7). ‘Woolworth (3).. Worthn Pump. .. Wright Aero(i). Yale & Towne. .. Yellow C (2.52) . Youngstown (4). tPartly eftra, 1P Dividend rats give the unnual cash atest quarterly or b Unless otherwise nof dividends are not included. ble NEW YORK, July i ter than those of June increa: net 7 $1,026,692 to $9,522,257, 817% per ounce. per cent. NEW YORK, July 69%; Mexican dollars, 53%, Open. High. 115 14 10% 3294 24 124% 36 55 35% 87 24 804 841y 68% 32 19% 104 166 421 30% 69% 72 extra 25 last ing $462,401 to $7,67 perating income, $377,677 to $1,- Although gross revenues for the half year dropped $434,782 to $45,- $27,507, net operating income gained Low. 115 14 10 82 12" or NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 1:45. 1 1% 14 8 1% 61 45% 86 98Y 51% 724 % 1% €8% 681% 20% 110 69% 4215 72 referred stock in the above table ments based on th “yearly ~declarations. special READING'S EARNINGS UP. P).—TJune earnings of the Reading Co. were bet- 47, and RATES ON BAR SILVER. LONDON, July 25 (#).—Bar silver, Money, 3% per cent. Discount rates, short bills, 415a4 3-16 per cent; three-month bills, 4%4a4 5-16 .—Bar silver, 48 ) U.S.ISSUES FIRM INBOND MARKET Seaboard Adjustments Are Also Feature of Today’s Two-Hour Session. BY GEORGE T. HUGHE! Dispatch to The Star. IW YORK, July In further re- sponse to the remarkable showing in the weekly Fedecral Reserve Bank tement, the bond market w: - today, especially for United tates Government obligations. The | improve; was most noticeable in Libertys, which at one vered all the loss of the The Treasury 4s and 4%s also most of their gains. however, little change in savings bank rails. Spe N 41 Seaboard Bonds Strong. In the speculative group, the feature 1 Denver and Rio Grande Western | 55, which sold at the high of the pres- covery, up to 2 points on the sent estimates are that the |road will earn in 1925 at the rate of 1 8.5 per cent on these general mortgage | bonds, oh which nothing is now be-| adjustments to the wee points. Other Seaboard little. Missouri Pacific 6s and general 4s were a shade higher, s were St. Louis-San Francisco ad- justments pproached gain of bonds did rm. firm_with fra eine Cz Tis and Foreign Group reign bonds wej advances in Prague Hun- ction with the strength in Paul junior bonds the report | was that a new reor nization com- | mittee was to be formed with repre- sentativ ates. | CHICAGO LIVE STOCK MARKET |_cHIcaco, (United _Sta | Department ~Hogs Receipts, 4,000 head; moderately active; mostly unchanged at Friday javerage: desirable light weight, strong {to 10c higher: bulk good and choice 160 to 225 pound weight, 14.20a14.45; ) pound butchers, bulk packing July 25 of Agriculture). | killing pigs, 1 | holdover, 3.50a14 H e t, 13.45a14.55; packing hogs, s, 13.00a14.00. head, com nfed steers mostly 5 up {es up more: others . steady to 25 lower best arlings nds, 1 w hi choice D, 14.60 paid for some rling heifers cows and grassy canners fat cow: 00; canner: calves feeders, ters. 3.00a3.6 stockers and feeders, 8.4 BALTIMORE PRODUCE. TMORE, Md., July 25 new, bar 2.00; bushel, | crate, 3.00a4 | e L‘I:’.I'W*‘ necial), pes ashel, Peppers, bushel, 0da hampe 1.0 Apples, b: 75 pineay peaches | bushel, | berries, quart, 18a }\\':1rnrm-‘lvnn 50; green, 75a1.00. 1.00a4.00; bushel, 50a t 2.5024.00; ntaloupes, : black- DAIRY PRODUCTS. BALTIMOR e poultry—Sprin : Leghorns, old hens, _eghorns, 2la < old rooste: natives n, offered at 32. fancy and nearby fi Butter—G pound, 40 dles, 34a prints, 3 ter, to store packed, 30231 3; rolls, 31a33; process but- SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Adirond, P. & L. C Bs 102 Co. of Amer. 7s 10 Beet Sugar 6s 16 Am. Tel. & Tel. C, 4s Anaconda “Conper Associated Ol 8s Baltim Bethle! 2R3 ¥ of Lyons 6s umb. G. & E 3 1001 Sy 25253 3523 AR S Rubber 714¢ Western Union_ 614s Westinghouse E.&M. 93 RO RSP S 7s 1931 BOSTON STOCK MARKET. BOSTON, July 25.—Following is a list of today’s highest, lowest and clos- ing prices for the most active stocks dealt in here: Amoskeas. Conner J T. Copper Range . Edizon Elec Gillette Hardy Coal © Hood Rubher Island Creek Island Crk pfd. . Mass Gas . Mergenthaler New Eng T & Swift Internat . Torrington United Fruit Tnited Shoe M. Utah Apex . Utah Metal Waltham Wi Walworth . Warren Bros PSS SE B Ha oo wEousBasi o Do e Pt e R e - 3 AR TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) | N NEW YORK BONDS STOCK EXCHANGE Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. in §1,000.) High! 100 6 10213 1014 101 20 10218 103 11 107 2 Lib3d 4%s. Lib 4th4%s 783 U S 48 1944. 234 US4%s'52 10 Low. Close. 100 23 100 27 101 2 10213 100 29 100 31 10115 10118 1029 103 102 10 103 11 106 23 107 2 FOREIGN. Sales. High, Low. Close. Argentine 6s ‘59 Argentine 6s A. Argentine 63 B. Argentine 7s Austria7s........ Aus govt 55 '55 w | Bank of Japan 6s. Belgium 6s. Belgium 6%s w Belgium 7s wi Belgium 7%s. Belgium 8s Bolivia 8s. Bordeaux 63 Brazil 7s. Brazil 8s. Canada 55 1926. Canada 5s 1952. Canada 5%s 1929. Chile 73 1943 Chile 85 1941 Chile 85 1946 Chinese Gov Ry 5s. Con Pow Japan Ts. Copenhagen 5% Cuba 5%s. Czecho 8s 1 Danish Munic 85 A. Danish Munic 83 B. Denmark 6s. .. . . Denmark 8s. . D E15%s Mch '53. DEI5%s Nov *63.. Dutch East I 65’47 Dutch East I 65 '62 Finland s £ 6545, . Finlands 7s. . . Framerican 7%s. French 7s. French 73%s. French 8s. German 7s. .. Ger Gen Elec Ts Greek Ts..... Halti6s ... Hungary 6%s Japanese 4s. . Japanese 6%s Jergens U M 6547 Lyons 8s. Marseille 6s. .. .. Mexico 4504 asnt. Mexico 5s assented Netherlands 6s '54. Norway 53%s wi Norway 65 1943 Norway 65 1944 Norwzy 8s Orlent Dev del Parls-Ly’s Paris-Ly's-Med 78 Peru 8s. . Poland 83 *50 wi Prague 7 : Queensland Ts. .. Rio de Jan 8s 1946. Rio de Jan 8s 1947. Rio Gr Do Sul 8s... Sao Paulo State 8s. St of S Paulo rets. Seine Dept cf 7 Serbs Crot Slo 8 Solssons 6s. Sweden 5%s Sweden 6s. . 73 3¢ 17 o e GoOme oS AR A RDa® @B Kingm 5%s ‘37, 19 rich 8s. . 5 96% 96% 96 103 9914 99% 99% 8614 92% 984 108% A 102% % 200% % 102 96% 96% 96 96% 95% 95% 102% 103 99 99 99% 99% 99% 99% 5% 864 92% 92% 98 98 108% 108% 107% 107% 95% 98 84 84 82% 82% 93 9814 100% 100% 102% 102% 101% 108% 108 42 897 98% 100% 100% 111% 111% 104 110% 100% 100% 102% 102% 86 9414 102% 100% 108% 108 42 8% 9844 100% 100% 111% 111 0314 110% 100% 102 86 94 934 901 9915 94% 94 964 1031 100% 88 85% 844 100% 104% 102 116 105% 108 MISCELLANEOUS. Ajax Rubber §s. Am Agr Chem 5s. . Am Agr Chem T%s Am Chain sf 65'33. 2 Am Repub deb 6s.. 6 Am Smit & R 1st 5s 12 Am Sug ref 6s. 2 AmT& Tecltr4s. AmT&TSL6s... Am T & T deb 5%s. AmT&Tcves.... Am Water Wks 5s. Am Writ Paper 6s. Anaconda 1st 6s ‘Anaconda cv db 7s. Andes Cop Ts rets. Armour & Co 4%s. Armour Del 5%s. . £ell Tel Pabs..... Beth Sfeel pm 5s.. Beth Steel 5%s 53. Beth Steel s { 63 Brier H St 1st 5% “hile Copper 6: CmG Col Gas & El 5s. Col Gas & E! Gy Commonwth P 6s.. 6 Con G NY 5%s wi.. 13 Consumers Pow bs. Cuba Cane cv d 8s. Cuban Am Sug 88 Denver Gas 68 Dery (DG) 7s... Det Edison ref 6s. Dodge wi 6s. 57 Du Pont de N 1 Empire G & F T%s. 17 Goodrich 6%s..... 22 Goodyear 8s 1921.. 2 Goodyear 85 1941.. 4 Hershey 5%s wi... 43 Hershey 6s 1942... 5 Humble O& R5%s 8 Illinois Bell 1st5s. 6 Illinois Steel 4%s.. 4 Indiana Steel 5s. 4 Inter Paper 6s. 20 KCP&Lt5s A'52 14 Kan G &E16s'52.. 3 Lackawa S 58 '50.. Lacl G ref 55'34... Liggett & Myrs 5s. Louisv G & E 55 '62 Mid-Con 6%s, "40.. Midvale Steel 5s. Montana Pow 5s Mor's & Co 1st 4 N Y Ed 5844 wi... N Y Eden 1st6%s N Y Tel 6s '41. N Y Tel 65°49. North Am Ed 6s. North Am Ed 6%s. Nor Ohio T & L 6s. Otis Steel 7%s Otis Steel 8s. Pacific Gas & EL 5 Pac T & T 1st 58 Pac T & T 65’52 Pan-Amer Pete 6; People’s Gas 0s. Blerce-Arrow s: ublic Service ;Serv Gas5%s'59 4 P ServGas5%s’64 3 Remingtn Arms 6s. 1 Rep Ir & Steel 55.. 7 Saks & Co sf 7s. 4 Sincialr Oil 6s. 14 Sinclair Ol 6%8 3 Sinclair Oi1 78. 8 SinCOPL6s'28.. 14 Sin Pipe Liness... 2 Skelly Ofl 6% 4 South Bell Tel 6 Southwest Bell 5s.. 50 Tenn Elec Pow 6 6 Tide Wat Oil 6%s.. 1 Toledo Edn 1st 7s.. 10 United Drug 6s. 4 U S Rub 1st rf 5 6 U S Rubber 7%s 5 U S Smelter 6s. 15 U S Steel 8 £ 6s. 13 Va-Car Chem 7s... 30 va-Car Ch 7%8 w.. 25 Warner Sug 7s'39. 2 West Elec 5s...... 52 Willys-Ov 6%s"33. 9 Wilson & Co 1st 6s. 10 Youngstn S & T és. 61 . 163 5 10 41 1 100% 1007 5 102% 1 1 103% 103 98 9TH 98Y% 1 100% 100% 101% 103 987% 1063% 104% 103% 110% 120% 9834 104% 1011 100% 9449 101% 97 994 1013% 107% 98% 104% 9874 103% 103% 89 951 1074 111% 8874 94% 100% 86% 114% 101% 100% 102% 101% 1081 104 89 107% 101 106 99 9% 81 99% 102 99 100 RAILROADS, 11 12 Atchison gen 4 B&O 1st bsct. B&OS6s... B&Orfimp6 10 B&O Sw Div 5s ctn. 15 Bkiyn Manhat 6s.. 13 Canada South 5s... 9 Canad North 7s. 1 Canad Pac deb 4s.. 26 Car Clinch & O 6; 1 Cent of Ga 6s. 10 Central Pacific 4s.. 4 90 89 92% 90% 100% 103% 102% 96% 89% 102% 117% 80% 1075% 103% 88% 1007% % % | Un Pac 1st rf 94 100 103% 107% 104 s 100 100% 92% 92% 90% 90% 100% 100% 108 _108% 102147102% 96% 96% 89% 89 102% 102% 117% 117% 80% 80% 107% 107% 103'% 103% . 88% 89% “iSeab'd A L 4ssta.. “|Seab’d A L con 63 1y Sales. High. Low. Close L 9T% 9T% 97% .36 106 105% 106 4 631% 631% 63% 5 49% 49% 1 90 90 4 101% 10U% 74% 74% 63% 63% 47% 49 8% 49 48le 49 7814 484 48% 9 484 A 3% 103% hi & NW gn 33s. 74 Chi RI& Prf 4s. 867% Chi Un Sta 4%s. ... Ch1& W Ind cn 4s.. C&WI5%s'62 CCC'& St L5s. .. Cleve Term s C&S 1st 43 Lel Hud cv 55’35 Den & Rio G cn 4s. D & Rio G Wst 5s Erfe gen 4s. Erie conv 4s A. Erie conv 4s B. Erie conv 4s D. Fla E C 55'74. ; Gr Trunk sf db 6s. . Grand Trunk 7s Great North 6s. G Mob&N 534 Gr North gen 7s. . Hud & Man ref 6s. ., Hud & Man aj I11 Cent ref 111 Central 53 111 C-C St L&NO bs. Int Rap Tran 6s Int Rap Tr 5s stpd. Int & G Nor aj 6s. Towa Cent rf 4s. Kan Cit; Ches & O cv 4%8... Ches & O cv 5s Chi & Alton 3s..... Chi & Alton 3%s. .. Chi B& Q gn 45 '58. Chi B & Q 1st rf 5s. Ch1& B 1gnbs. Chi Great West C M & Puget Sd 4 St P 4s 25, t Pt 4s. .. P gn 45’89 hore 4531 &Nunids... Manhat Ry cn 4s... Market St Ry 7s. M1l El Ry & L 6s. .. M & St L rf ex 5s. M StP & SSM 63%s. MK&T4s2 MK & T adj Mo Pactfic gen 4s.. 69 Mo Pac 55 1965. Mo Facine 6 Mo Pac 6s cfs. NOTex&MssB.. NOT&Mb%s NYCengen3t NYCentriss..... NY Chi & St L 5%s New Haven c d 6s NY Rys 6565. . NY W & Bos 4%, Norfolk & W cn 4s. Norfoik & W cv 6s. Northern Pac 3s. Northern Pac 4s. Northern Pacr 1 63 Ore-Wash 1st rf 4s. Pennsyl gen 4%s. Pennsyl bs '64 Pennsyl 6%5. Pennsyi goid 78 Peoria & E inc 4s. Por R L & P 65 °47. Reading gen 4%s Rio G West cl 45. St L IM&S 45°29... | StL IM&S R&G 4s. [StL&SFplisA.. StL&SF prinbs. StL&SF 5%s D. {StL &S Fadjés. L &SF inc6s. StLSW lstids St P Un Dep 5s.. San A & Arn P 4s 624 89%% 15 5 - 90% 9914 | o0 AL PR NGB e RS RN NP O =S 00— B O R BN 1o Seab'd A L adj 53, a Sou Pacific 4s Sou Pacific it 4 Sou Pacific ref 4s.. Southern Ry gn 4s. Southern Ry 1st 58 Southern Ry 6sct.. Southern Ry 63s Texas & Pac 1st 5s. Third Ave ref 4s. Third Ave adj 5s... | Union Pac 4s°27. aonemRmnnhonbe Union Pac cv 6s | Virginia Ry 1st 5 | Wabash 5145 '75. Western Ma 4s. . ‘West Shore 1st 4s.. 2cn 4s. Whel & LErf 4%s PAPER FIRM ORDERED TO PAY $2,000,00C BOSTON, July 25 (®)—By a decree handed down by Judge Lowell in Fed- eral Court here the American Writing Paper Co. of Holyoke was ordered to pay $2,000,000 to the Old Colony Trust Co. within five days. If the money is not paid, the decree said, the Excello Mills of the company at Excello, Ohio, will be sold, the proceeds to go to-| ward payment of taxes, water rents | and assessments. | TODAY'S CHIC;GO PRICES. | CHICAGO, July 25 (#).—With heds ing sales in progress from mills and :ash interests the wheat market aver- lower today during the earl dealings. Relative weakness of Liver- pool quotations counted also as bearish influence here. There was little or no general speculative selling, however, and rallies were frequent. The opening, which ranged from 1% decline to %s advance, September 1.50 to 1.50% and December 1.51 to 1.51%, were followed Dby transient upturns, but then by a drop to 1.43% for Sep: tember and 1.50% for December. FUEL OIL ADV;I&EED. KANSAS CIT Fuel oil prices to 92% cents companies. July 25 (Special).— ve been moved up a barrel by most local ROAD CONTRACTS LET. JACKSON, Miss., July 25 (Special). —The State highway department has Just let contracts for $500,000 worth of roads and bridges and has outlined a program for the remainder of the r which will call for expenditure of $2,500,000 additional JERSEY WANTS BOOM, T00. OCEAN CITY, N. J., July 25 (Spe- cial).—Having taken a lesson from Florida real estate methods, syndi- cates are buying beach-front property here at rising prices and the town is in the midst of a real estate boom. GETS $1,000,000 CONTRACT. NEW YORK, July 25 (Special)— The Allis Chalmers Manufacturing Co. has received a $1,000,000 contract for a steam turbine unit from the Public Service Co. of Northern II- linois. According to officlals the or- der will help to establish Allls Chal- mers more firmly in large steam tur- bine field. $20,000,000 ISSUE COMING. NEW _YORK, July 25 (#).—Officials of the National City Bank and Presi- dent Jonathan Warner of the Trum- bull Steel Co. are negotiating the terms of a $20,000,000 bond iss; by the steel company. The National*City Bank ex- pects to offer the bonds for public sub- scription, probably next week. YARN SALES DECLINE. GASTONIA, N. C., July 25 (P).— Combed yarn sales were light with Gaston County spinners this week. Inquiries were heavy, but spinners are generally declining to accept busi- ness on the old price levels, as 1] believe prices will become better, 98¢ 1.5 | encouraged regarding the {outlook than I ever have FINANC IAL. MUGH WHEAT S PIGETAKES DRCP Kansas Grain Expert Tells Farmers How They “Can’t Lose Money.” By the Associated Press. CHICAGO, July selling movements and sharp setbacks in price b been witnessed in the wheat market this week. Perfect weather conditions that prevailed much of the time dispelled fears of black rust, and some agricultural au thorities urged farmers to dispose of holdings. Wheat prices this morning compared with a week back showed 4% to 7% cents drop, with corn ing from 1% decline to % advanc otherwise 1% to 1% off, and pro’ varying from 10 loss 10 a rise of 5. One of the severest breaks in the price of wheat accompanied reports that the secretary of the Kansas State Board of Agriculture had informed growers who were asking whether this was a good ¥ to wait for higher pr “You n't lose money vour wheat at a profit."” Meanwhile the largest arrivals of new Winter wheat this season were noted at the four principal markets. Besides, the cutting of new Spring wheat made progress into the most northern part of the United States, and even into Canada. According to some authorities, tha outlook was that with another week of favorable veather the bulk of Spring wheat would be out of danger. ntil near the end of the week, per- 8 ent ntines: of export trade added the downward impetus of wheat values. This situation was con lerably altered, however, after wprehensive advices were received saying t to Spring wheat in Montana, the Da ko and Minne: a4 had been done since July 1. bsequent enlargement of export business went hand in hand by selling to { with an unofficial estimate that the mestic Spring crop vield had been re- | duced 21,000,000 bushels, compared with the latest Government forecast. Drought complaints from the cor belt tended to offset in the corn mar- ket the bearish effect of wheat weak ness. Old supplies of oats still counted as a weight on the oats market, espe- ially as Iowa threshing returns showed larger yields than were looked for. Indications of seasonal activit the export trade helped to steady provisions market. \ CHEAP SUGAR FACTOR IN COCA COLA RECORD | I reased substantially, and i y large. There blit up of Co PIERCE ARROW PAYS OFF ALL BANK LOANS| NEW YORK, July first time (#).—For the Plerce Arrow Motor Car Co. free of debt, the last payment ¢ 000 on its ving been paid. Cash ba loans said to referred and common d to the news, mount- her levels, The Street expects the company next move will be to call the prior pre- ferred stock for redemption, of which 15,705 res are outstanding with a 1,576,500. FINDS EUROPE MOST PROSPEROUS SINCE WAR | W YORK, July Swenson, chi City Bank, returned from abroad todz in an optimistic mood regarding Eu- ropean conditions as he found them om per: servation. wrope b settled wn to bedrock, and the whole continent is at work trying to better itself,” he said. “I expect the continent as a whole | to make rapid pro I feel more ropean o0 ce the war. BROKER IS.EXPELLED. Boston Man Put Out of New York Curb Exchange. W YORK, July 25 (#).—Charles T. Dow of the brokerage firm of (. P. Dow & Co., Boston, was expelled from the Consolidated Stock Exchange today. Thomas B. Maloney, president of the exchange, announced that Dow had been dropped from membership for “failure to properly borrow and loan stocks.” CHRYSLER PROFITS UP. Half-Year Earnings on Common Are $10.80 Per Share. NEW YORK, July P).—The Chrysler Corporation” had net profit of ' $8,197,358 in the first six months this year, or $10.80 a_share on the common. Surplus after preferred dividends and expenditure of §$1,514,- 0 for retirement of Maxwell Motor B stock, amounted to §5,814,190. The second quarter’s net profit of $4,696,- 131 was equivalent to $6.28 a_share on the common, after preferred dividends. Current assets June 30 were $33,- 396,340, including $10,500,000 cash in bank and $§10,000,000 in cash securi- ties and sight drafts. JUNE VER-Y PE)TJR—MONTH FOR NORFOLK SOUTHERN NEW YORK, July 25 (#).—June was a poor month for the Norfolk Southern Railroad, net operating in- come falling to $82,185, from $119,328, in June last year. Gross revenues de- clined to $721,208, compared with $802,953. Net for the first half of the 1925 was $609,178, against $742,708 a year ago. ORDERS SLACK; MILLS CLOSE. BOSTON, July 25 (Special.—The York Manufacturing Co., Saco, Me., will close its cotton goods mills two weeks, dating from July 27, owing to lack of orders. NEW YORK DAIRY PRICES. NEW YORK, July 25 (#).—Butter— Firm; receipts, 8,520 tubs; packing stock, current make, No. 2, 321%a33. Eggs—Irregular; receipts, 11,750 cases. Cheese—Firm; receipts, 164,213 pounds. AJAX DOUBLES PROFITS. NEW YORK, July 25 (#).—Ajax Rubber almost doubled its net profit in the first half of 1925, $262,394, against $143,517 a year ago. A self-watering flower pot has been invented, - 20 to 45 per cent damage | in ! LOGAL MAN SLATED AS FLOUR OFFIGIAL More Failures in Week; More Women Buy Stock; Other Financial Notes. I F. R. Eaton of this city, ma here for the Washburn-Croshy C will be elected one of the six r vice presidents of the compan September meeting of directors, it was announced fr York tod: James Bell, president, was 3 dent to succeed tires to bec at the »ard_ of m heretofore a vice sterday elected pre John Crosby, who re e chairman of the board siness Failures. the United the 406 Co. th total s were chiefly Pacific coast Dun’s further sa More firmness in relatively large trades ment current business ction of activit Midsumme: much pears reported to before. A v The wee in the East and on t ommodity prices, occurs ir of it for future e: Even ts, eel, oW tex re broaden tinue to occasi industries weeks advan, tions have pred 1 one-half in Dun’s I than foodst modities w dent the 1 New York National Women Buy Pennsy Stock. Recc X comy great ained t one < road Clearing House Report. The Credit report sh ,, |tural section each showed per cent. T tion reported with 0.8 per cent Compared with week Ia is reported for the ent its purchasing. Credit Demands Increase. and the corresponding 1.4 per cent re country in demands d in a of the tio Rich: §83,382.- 000 to § lue chiefly to a reduction of $2,671,000 in gold reserves. Federal Reserve note: rculation at the Richmond institution amounted to $68,759,000, compared with 637.- 000 for the previous week, while de- posits totaled $68 000, an increase of $1,019,000. Childs Heavy Stockholder. Samuel S. Child fed March 1 000, a large pa stocks of the Child New York repor restaurant man, left an estate of of which was Restaurant state. Mr. 000 shares, appraised at re, a total of $552,500. £ the estate was filed by ew York State Tax Commission In addition to the restau- Mr. Childs held §2 The estate goes to the widow, Emma Francis Childs, sole executrix. Purpose of Poli From the Chicago Tribune. It is the purpose of politicians to convince their constituents, real = prospective, that, what ever is wrong, high prices of wheat, corn and hogs are wrong becaus they are result of a base consp to deceive nd exploit. Lower prices of various in- dustrial products are wrong for t same reason. Under the present so- clal, economic and political conditions there is no such thing as legitimate prosperity or honesty except on the part of those who fulminate about dis- honesty, trickery and exploitation Tree Yields Rich Milk. From the Detroit News. A tree in the West Indies, known to the natives as the hyahya, vields from its bark and pith a juice richer and thicker than cow’s milk. The people who live where the hyahya grows use its juice as we do milk. The tree when full grown is almost 40 feet high and 18 inches in circum- ference. The Singhalese have a tree, tha/ kirighuma, which yields a milky fluid, while on the forests of Para grows the massenodendron, another specles of milk tree. Luther Anniversary Observed. Correspondence of the Associated Press. BERLIN, July 5.—A special old-thws vesper service was held recently in the Berlin Cathedral to celebrate the 400t anniversary of the wedding of Martis Luther. In addition to the cathedrgl service there was an outdoor celebili- tion in the square fronting the Luther' Monument. A large crowd joined in the singing of old German carols.