Evening Star Newspaper, July 28, 1925, Page 20

20 | WALL STREET LIST | SCORES NEW PEAKS éteel Common 120—South- ern Railroad Shares in % Sharp Advances. * BY STUART P. WEST. Bpécial Dispatch to The Star. NEW YORK, July stock market was ve but during the greater part of the thme advances predominated. United States Steel common sold above 120, which the highest in a long while. Baldwin Locomotive at its best of the day was up nearly ,2 points and American Can nearly the same. On the other hand, there was heavy selling of the motor stocks, which, in part, no doubt, represented the drawing down of speculative profits on recent trades, but in part ‘was also recognizing the fact that the period of the year was at hand when the automobile business ordi- narily falls off. Chandler in Sharp Break. Despite the announcement that Chandler had earned its full §3 divi- dend and more during the first six months of the vear, the stock broke sharply. This had a depressing effect upon other members of the motor group. Studebaker was off a point or more, Packard and Plerce Arrow a point and a half or so, and Plerce Arrow preferred two points. Fisk Rubber was remarkably strong at new high levels above 24 The advance in this stock, which occurred while United States Rubber was fall- ing back and while other rubber and tire shares were doing little, suggested to the Street some special attention, probably the much improved financial position of the company. Back of the sensational rise in White Métors Monday and again today were numerous rumors, none of which cduld be substantiated. The extra- ordinary performance in Mack Trucks furnished a psychological incentive for a stock company engaged in the same line of busine There was talk of a new stock offering which would in- volve valuable rights. Today's New High Spots. Among the stocks which made new high records were North American, Continental Can, Advanced Rumely preferred, Woolworth, American Ice, Postum Cereal, Midland preferred, Fisk Rubber, St. Louis-San Francisco common and preferred, Atlantic Coast Lipe, Missouri-Knnsas-Texas prefer- red, all three classes of Wabash stocks, International Harvestey, Marland Oil, White Rock Mineral Springs, Mont- gomery Ward, Underwood Typew: Remington Typewriter, Brown Public Service of New Jersey, Chry: let, Certain-teed Products, C Threshing Machine, General Motors and Dupont. The exceptions, outside of the mo- tor group. which was actively sold. were Standard Plate Glass and Mar- tin Parry. The reaction went further M_Tobacco Products. Norfolk and Southern had a spec- tacular rise. Louisville and Nash- ville, on unusually large transactions, followed the advance in Atlantic Coast Line. Missouri, Kansas-Texas common was steadily bought at ad- vancing prices. Wheeling and Lake Erie preferred rebounded over 32 points. MARKET CLOSES STRONG. 28.—Today'" much mixed, First 2,000,000-Share Day in Many ‘Weeks. NEW YORK, July 28 (#).—Stock prices bounded upward today, despite intermittent profit taking, particularly in. the motor group. Steels and rails showed impressive strength. Trading showed a marked expansion in vol- ume, the day's sales running close to 2,000,000 shares. The closing was strong. Sugars turned heavy in_the late trading on selling inspired by lower commodity prices, but bullish operations persisted in_other sections of the list. White Motors extended its gain to 6 points, and Western rails added materially to their earlier gains. Markets at a Glance NEW YORK: Stocks—Strong; about 50 issues at new highs. Bonds—Ir- egular; _Southwestern rail issues active. Foreign excha; Steady; Scandinavian currencies strong. Cot- ton—Lower; rains Southwest. Sugar —Lower, disappointing spot demand. Coffee higher; unfavorable weather in Brazil. + CHICAGO: Wheat—Firm; bullish Eyropean weather reports. Higher; decreasing stocks. ¢ Steady; better grades scarce. H Lower. BUILDING INCREASING. BOSTON, July 28 (Special).—For the first half year prospective building in 39 of Massachusetts totaled $103,481,487, an increase of $18,685,029 over that a vear ago. Holyoke, the center of the paper industry here, showed the largest increase in June. FRUIT EARNINGS GAIN. NEW YORK, July 28 (#).—Cuyamel Fruit Co. earned $2.69 a share in the first half of 1925, against $1.48 a share i’ 'the same perfod of 1924. Net in- come jumped to $807,927 from $371,- 048 a year ago. LIVE POULTRY LOWER. CHICAGO, July 28 (@) —Poultry— Aljve, lower; fowls, 19a24; broilers, 20 a26; Springs, 27; roosters, 15; turkeys, 20: ducks, 20a23; geese, 13a22. RATES ON BAR SILVER. "NEW YORK, July 28 (#).—Bar sil- ver, 69%: Mexican dollars, 53%. FOREIGN EXCHANGE. (Quotations furnished by W.B. Hibbs & Co.) Nominal Selling checks Lond a. ... 558 085 on. poun KN e 188 i SR Montreal. dollar. Eee frane 10 1450 .81)0014% 0200 % ‘1030 hene. drac) adrid. peseta. na. orown 2680 NEW YORK, July 28 (#).—Foreign exchanges steady. Quotation (in cents).. Great Britain — Demand, 485 9-16; cables, 486; 60-day bills on ‘banks, 48111-16. France—Demand, 4.723%; cables, 4.73. Italy—Demand, 8.65%; cables, 3.66. Demand—Belgium, 4.61%; Germany, 23.80; Holland, 40.1 Norway, 18.70; Sweden, 26.84; Den- mark, 23.65; Switzerland, 19.42; Spain 14.50; Greece, 1.56; Poland, 19%; Cze choslovakia, 2.96; Jugoslavia, 1.76%: Austria, 14%; Rumania, 51%; Arge tina, 40.37; Brazil, 11.75; Tokio, 41 Shanghal, 78%; Montreal, 100%. gty DIVIDENDS. o mate. 295 § 1% Aur. 31 Aus. $150 8ep.; 1 Au. 4% Aug. 1 July A8 Stock of Tecord. 20 i3 a7 $1.25 Sep. 1 S178 Sem 1 FINANCIAL. NEW YORK STOCK EXCHANGE ¥ THE EVENING STAR, WASHINGTON, D. C, TUESDAY, JULY‘ 28, 1925. l ON NE RK B ONDS ST;)CK EXCHANGEI b, Received by Private Wire Direct to The Star Office Adams Exp (6).. Abitibl Pow (4). Adv Rumley. ... Ad Rumley pf(3) Ahumada (11) Alr Redue (4)... Ajax Rubber Alabama&Vic Alaska Junea. ... Allfed Chem (4). Allis Chalm (8). Am Agrieul Chm. Am Ag Chm pf.. Am Beet Sug(4). Am Bosch. i Am Brk Shoe(5). Am Can (17).... Am Can pf (7). Am Car&Fay (6) Am C& Fpf (1). Am Chain A (2). Am Chicle. . Am Chicle ctfs. . Am Chicle pr pf. Am Drug (60¢). . Am Express (6). Am & For Pow. . Am & F P pf (7). Am Hide & 1pf.. AmTce (7).. Am L~ pf (6). Am Internatl. ... Am La Fran (1). Am Linseed. . ... Am Loco (118) Am Metal (3)" Am Radiator (4) Am Satety R (3) Am Ship & Com. Am S & Ref (6). Am Snufr (12)... Am St1 Fdys (3). Am Stl Fy pt(7). Am Bugar. s Am Sumatra . Am Tel&Tel (). Am Tobacco (7). Am Toba B (7). Am Tobac pt (6). Am WW&EI 1.20 Am W W 1et (1), Am Woolen. . Am Wool pf (7). Am Writ Pap pt. Am Zine. 5 Am Zine of Anaconda (3). Ann Arbor pf.... Archer-Danfels. . Arch-Dan pf (7). Armour Del (7). Armour 111 A(2). Arn Cons & Co Artloom pf (7). . Asso Dry G(2%) Ass0 0l (2)..... Atchison (7) B Atchison pf (5).. At] Birm & At. .. Atlantic C L(18) AtIGuif& WI.. At] Gulf & WI pt Atlantic Refing. . Austin-Nichols. . Baidwin L () Baito & Ohlo(5). Bal & Oh pf (4).. Bang & Ar (3)... Barnsdall A..... Bayuk Clgar. ... Beech Nut(2.40). Bethlehem Stl. .. Booth Fisherles. Booth Fish 1st. . Botany A (4).... Briggs Mfg(3%) Bkl Edison (8).. BkI-Man Tran. .. Bk-Man T pf(6). Bkl Union G(4). Brown Shoe (4). Brunswick-Balk. Brunswick Ter Buff & Susq pf Burns Br B (2).. Bush Terminal.. Butte Cop (50¢). Butte & Sup (1). Caddo Central. .. Cal Packing (8) Cal Pete (1%)... Callahan Zinc. .. Calu & Hec (50¢) Can Pacific (10) Case Threshing. Case Thresh pf.. Cent Teather-. ... Cent Leather pf. Cero d Pasco (4). Certain-Teed(4). Certain-T 2d (7) Chandler (3).... Ches & Ohio (4. Chi Great West.. Chi Gr West pt.. Chi Mil & StP... Chi Mil& StP pf. Chi& Nwn (4)... Chi & Nw pf (7). ChiPneuT (5).. Chi Yeliow C (4). ChiRI&Pac... CRI&P pf (6). ChiStPM&O.. C StPM&Opf (5) . Childs (12.40)... Chi® Cop (234).. Chrysler Corpn. . Coca-Cola (7)... Col Fuel & Iron.. Colo Southern. .. Colo Sou 1st (4) . Col G & E (2.60). Com Solv A (4).. Congoleum (2).. Consol Cigar. ... Con Cig pf 18% .. Consol Distribut. Consol Gas (5).. Consol Textile. .. Cont Can (4) Cont Insur (6) Cont Mot (80¢).. Corn Prod (2)... Corn Prod pfi7). Crucible Stl (4). Cuban Cane Su.. Cub Cane Su pf.. Cub Am Cug (3). Cuban Domin. Cudahay Pkg (T) Cuyamel Fr (4). Daniel Boone. Davison Chem. .. Del & Hué (9)... Del L & Wn(17). D& RG Wst pf.. Detroit Ed (8) Dodge Bros Cl Dodge pf (7). Dome Mines (2). Doug Pectin (1). Dul S S & Atl pf. Dupont (10). . Open. High. Low. Close. 23 3 98 98 66% 66 66 15% 16 60 60 10% 10% 104% 18% 5 85% 45% 39% 89% 137% 187% b53% bB3% 81% 82 88 88 100% 108% 29 29 11% ) 114% 114% 28% 284 2% 2% 15 15 3 142% 143 38y 88 84% 18% 6216 52% 53% 89 30% 947 124 24% 8% 16% 1 DuPont deb (6). . Eastman (18)... Eaton Axle (2).. Elec Powr & Lt.. EIP&LPL (1).. E P&L pf 40%pd Elec Str Bat (4). mmerson Brnt. Emmerson B pf.. End-John (6)... ErieRR.. Erfe 18t pf. Erie 2d pf. Fairbks (2.60)... Famous P (8).. Feder Lt (1.40). Fed Min pf (7). Fisher Body (5). Fisk Rubber... . Fisk R 1st pf (7) Flelschmann (4). Foundation (8).. Freeport-Texas. Gardner Motor. . Gen Am Tnk (3). Gen ATCPE (D). Gen Asphalt. ... Gen Baking (6). Gen Clgar (8)... Gen Electric(8). Gen El spec 60¢ Gen Motors (6). Gen Mot pf (7). Gen Petrm (2).. Gen Ry Sig (6).. Gimbel Bros Ginter (1%) Goodrich Ru (4). Goodyear pf (7). Goodyear pr (8) Grt North pf (5) Gt Nor Ore (1). . Grt Wstn Su (8). 103% 105% 68% 69% 284 28% 28 28 103 103 99K 99% Gt West 8 pf(7). Gulf Mo & Nor. . Gulf States S(5). Hanna 1st pf (7) Hartman (2%) Havana Elec (6). Hayes Whi (3) Helm G W (3)... Hoe & Co A (4) Homestake (14). Household P (3). Houston Oll. .. Howe Sound Co.. Hudson Mn 2%.. Hudson Mot (3). Hupp Mot (1)... Illinols Cen (7).. Indep O11 (1).. Indian Motorey. . Indian Refining. . *Ingersol R(8) Inland 8t(2%) Inspir Cop (50¢). Interb Rap Tr. Internat Agri Int Bus Mac Int Cement (4) Int Com Eng (2). Internat Har (5) Int Mer Marine.. Int Mer Mar pf. Int Nickel. .. Int Paper. . Int Tel & Tel (6) Intl Paper pf(7). Jones Bros Tea. . Jordan Mot (8) Kan City South. . Kan C So pf (4). Kansas & Gulf Kelly-Spring. ... Kelsey Whi (8).. Kennecott (3). Keystone T & R. Kinney G R (4).. Kinney pf (8)... Kresge Dep S(4) Lee Tire & Rub.. Lehigh Val(3%). Liggett & M(14). Lig & My B(14) Lima Loco (4) Loews Ine (2)... Loft. SR Long Bell A (4). Lorillard (3).... Louisiana O1l. Louisville Gas A, Louls & Nsh(6). Ludlum (2)..... McCro B (1.60).. McIntype P (1).. Mack Treks (6). Mack Trucks rts. Mack T 1st (7).. Mack Trk 2d(7) . Macy HR & Co.. Magma C (75¢).. Mallison & Co. Man El Sup (4).. Man Emd g (5).. Man Shirt (1%). Mantila El (2%), Maracatbo Ofl. Market St prior. . Marland O(750). Malin-Rock (1).. Martin-Parry (2) Mathteson Alka Maxwell(A)ctfs. Maxwell(B)ctfs. May Dept St(5§. Metro Ed pf (7). Mexican Seabd. . Midland P pf(19) Mis Kan & Tex. . MEK&Tpf (5).. Missouri Pacific. Missour! Pac pt. Mont Power (4). Mont Pow pf (7). Montgom Ward.. Moon Mot (3) . Mother Lode 75¢. Motor Wh 1.60.. Mullins Body . ... Munsingwr (3).. Nash pf (7)..... Nat Acme (sta). Nat Biscuit (3).. Nat Cloak (4). Nat Enamel & 8. Nat Enam pf(7). Nat Lead (8) Nat Supply (3).. Nevada Copper N Y Alr Br (4) NYAIrBrA4). N Y Canners(2). N Y Central (7). NY C&StL(6).. NYC&StLpf(8). NY NH & Hart.. NY On & Wn(1). Niag F pf(1%) Norfolk South. ... Norf & West(7). North Am (3.40). North Am pf(3). North Pac (5). Ontarfo Mining Onyx Hoslery Orpheum (1.80). Otis Steel....... Otis Steel pf.... Owens Bot (3)... Pacific Coast. ... Pacific Gas (8).. Pacific Ofl (3)... Packard (11.70). Paige Mot(1.20). Pan-Amer (6). Pan-Amer B (6). Panhandle pf. Park & Tilford Penick & Ford... Pennsy RR (3). Penn Seab Stee! Peoples Gas (8). Pere Marq (4)... Phillip Morris. .. Phillips Jones. .. Phillips Pet (2). Phoenix Hoslery. Plerce ATrow. ... Pierce Arrow pf. Pierce-A prior 8. Pierce Ofl. Pierce Petrol.... Pitts Ter pt (6).. Pitts Ut pf $1.20. Pitts & West Va. Postum Cer (4 Pub Serv NJ rts. Pub S NJ pf (7). Pub Se E&G pf 6. Pullman Co (8).. Punta Aleg Sug. Pure Ol (1%)... Radio Corp of A Ry St1 Spg (8) Ray Cons Cop. Reading (4) Reading rt: o Reading 18t (2). Reading 2d (2).. Robt Reis & Co. . Remington Type. Remingtn 24(8). Replogle Steel... Rep Ir & Steel. .. Rep1& S pf (7). Repnolds Sprogs Rey Too B (3)... Rossia Ins (6)... Royal Deh 1.73% St Joseph Ld(2). StL&SanF (). StL San F pf(6). Schulte (*8) Schuite rights Seaboard Air L.. Seabd Alr L pf. Seagrave (1.20). Sears-Roebk (6). Shattuck FG(2). Shell Trans 2.16. Shell Un (1.40).. Shell Un pt (6).. Simmdns Co (2). Simms Pet (1).. Stnelair O1l. Skelly O11. . Sloss-Sheft (6).. South Port S (6). . High. Low. Close. 13 85% 13 29% 3% 45 1 13 29% 84 % | Willys-0d pf (7). THREE FAVORITES IN BOND MARKET New High Records Scored by Railroad Issues—U. S. Liens Lower. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, July 28.—Trading in- terest in bonds was confined almost exclusively to the speculative group today. Three favorites in this sec- tion made new high records for all time, while a fourth sold higher than at any time in the last half dozen vears. The four were Missouri-Kan- sas-Texas adjustments, which passed 90 for the first time; St. Loujs-San which had a speetacular advance; Seaboard Alr Line adjustments, which at 86 were at a new top, and Norfolk Southern refunding 5s, which made a sudden jump of 4 points before reacting. Seaboards Very Active. The trading in the Seaboard issue was especially animated. On August first these bonds will sell ex the reg- ular semi-annual 2% per cent interest. There is still 1234 accumulated back interest on these bonds which the road is believed to be in a position to clear up whenever the directors deem it advisable. While all this was go- ing on in_speculative issues the in- vestment bonds of the same roads were comparatively neglected. High grade investment bond quota- tions continued to sag. United States Treasury 4s dropped below 108, against the high of 104.14 only three weeks ago. Libertys were a shade lower. In the savings bank, raflroad classifica- tion New York Central 5s broke below par to within a fraction of the low of the year, made in January. Foreign Group Steady. The foreign group was steady. Much interest was taken in the terms of the expected new Czechoslovakian loan. The two maturities of Czecho- slovakia are selling on an 8 per cent basis, and the new bonds will obvious- Iylhave to conform to their market price. PENNSY’S EARNINGS IN JUNE INCREASED New York Central Also Does Bet- ter Than Year Ago—Half Year’s Net Off. By the Associated Press. NEW YORK, July 28.—June earn- ings of both the Pennsylvania and New York Central Raliroads were larger than those of June last year, but net operating income of each was smaller for the half year. The Pennsylvania's June net was $8,077,717, against $6,054,171 last year and the Central's $7,112,890, against §5,960,845. The half vear's ;190;5 7‘?; lh]:h Per;‘nlylvl.nln dropped ,783, althou 58 $1,861,671. o 5 e The Central's net declined $297,764 and gross also fell $268,673. ST. PAUL ROAD REPORTS HALF YEAR’S EARNINGS NEW YORK, July 28 (#).—The St. St. Paul's net operating income for June dropped to $191,062, compared with $1,174,555 in June, 1924, although gross galned more than $1,000,000. Net for the hailf year was $3,142,655, against $4,315,219 a yvear ago. ‘The small net operating income was explained by the policy of the re- ceivers in “plowing in" earnings for the maintenance of the property. — e e 985 South Pac (6)... Southern Ry (5). Splcer Mfg. StOUINJ (1) StO1i N J pf (7). Std Plate Glass. . Sterling Prod(4). Stew-Warner(5) Stromberg (6).. Studebaker (4) Symington. . Symington A(2). Tenn Copper (1). Texas Co (3). Tex Gulf S (7 Tex & PacC&O. Tex & Pacific Third Avenue. Tide Water Oil. . Timken R B(14). Tobae Prod (6).. Tob Prod A (7) Transcont Ofl. Tnderwood (3) Un Bag & Pape: Union Ofl (1.30. Union Ofl..... Un Pacific (10).. 141 Un Pacific pt(4). 77 Utd Alloy Steel.. 29% Utd Cigar(13%). 8215 United Drug (7). 129% Utd Fruit (10)... 2321 U S Cast Iron P.. 166 U § Distributing. 35% US Hoff (2)..... 38% U S Ind Alcohol. U S Ind Al pf(7). U S Realty (8) U S Rubber. U S Smelting (3). USSmpt (3%). U S Steel (17)... 1 U S Steel pf (7). Universal Pipe. . Univer P pf (7).. Utilities PELL A. Vanadium (2)... Van Rite 15t(7) . Va-Caro Chem. .. Va-Caro Ch pf... Vivadou. Wabash. .. . Wabash pf A(5). Wabash pf B.... Waldorf (1%)... Ward Baking A Ward Baking B ‘Ward Bak p£(7). ‘Warren Co (4) Weber (4)... West Pen (4).... ‘West Maryland. . ‘West Md 2d pf... Westn Pac (5a).. Wesn Pac pf(6a) Wwest Union (7). West Air Br (6). Westinghse (4).. Weston Elec. Weston A (2) . Wheel & L Erle.. Wheel & LE pf.. White Eagle (2). White Mot (4)... White Rock (t Wickwire ctf Willys-Overl 43% 90% 103% 4% 521 444 W' 3TH % Wilson & Co. ... Woolworth (3).. Worthn Pump. .. Wright Aero(i). 9% | Wrigley (13%).. Yale & Towne. .. % Yellow C (2.62)... % Youngstown (4). oda i ble 1 stock oL i el paae are the annual payments based on thi latest q half-yearly declarations. ‘apectai uarterly Unless otherwise noted, extra eor @ividends are not_incly %8 59 % | P Serv.Gas 5%s 64 1. W YO Received UNITED STATES BONDS. (Bales are in $1,000.) Sales. High. Low. Lib3%s... 24 10026 100 24 Lib1st41s 26 1023 10129 Lib2d 434s. 187 101 10027 Lib3d 4%s. 111 10119 101 16 Lib 4th4is 105 10212 1025 US4s1944. 18 1082 10220 US4%s'52 13 10627 10622 FOREIUN. \ Sales. High. Low. Close. 96% 96% 96% 96% 6 96 102% 90% 99% 99% 85% 92% 98 109% 107% 109% 98 82% 106% 98 102% 102% 1024 100% 108% 90 98% 101% 99% 100 104 110% Close. _ 100 26 101 29 100 29 10117 1025 102 20 108 22 Argentine 6s 59 Argentine 6s A. Belgium 6s...... Belgium 6%s w 1. Belglum 7s wi % Canada 5s 1931. Canada 5s 1952, Canada 5%s 1929, Chile 75 1943. Chile 85 1946 Con Pow Japs Copenhagen 5%, Cuba 5% Czecho 88 195 Czecho 85 1953 e, Denmark 6s. Denmark 8s DEI6%s N Dutch East I Dutch East ‘62 Ei Salvador 3548 Finland s £ 68 "45. Finland Framerican 7% French 7s. French 7143 i Marseille 63 Montevideo Netherlan 4. Netherlands 6872, Nord 6%s Norway 5 Norway Porto Alegre §s Prague 7%s Queensland Ts. Rlo de Jan 8s 194 Rio de Jan 8s 1947, Rio Gr Do Sul Sao Paulo City St of § Paulo rc Seine Dept cf 78 Serbs Crot Slo 8 Solssons 6s. Sweden 5%s ct. Sweden 6 Swiss 5148 19, Swiss Confed Ud Kingm 5%s 8 Ud Kingm 6%s '37. 58 Ud Steam Copen 6s 11 Zurich 8s 11 MISCELLANEOUS. Ajax Rubber 8s.... 5 101% 101% Am Agr Chem 7%s 14 108% 103 AmChainsf 6s'33. 3 98% 984 Am Cotton Oil 5 7. 95% 95% Am Repub deb 6s 9Th 96 AmSmit&R1st6s 80 98% 984 AmSmit& R 107% 107% Am Sug ref 103 1024 AmT&Toltrds.. 97% 974 AmT& Tcltr5s 101% 101% 6% 96% 108 102% 183% 1384w 95% 95% 101% 101 102% 101% 98% 98% 89% 8914 94% 94 100 9% 93 92% 96% 954 Anaconda 1st 6s. Anaconda cv db 7s. Andes Cop Ts rcts. Armour & Co 43%s. Armour Del 63%s. Atiantic Refin 5 Beth Steel pm & 101% 1014 104% 104% 100 100 99% 99% 98% 95 100 99% 107% 1074 104 104 1001%4.200% 100% "100% Commonwth P 68 101% 101% Con Coal Md 1st b 80 80 Con G NY 5%8 wi.. 12 103% 108% Consumers Pow 68. 24, 97 96% Cuba Cane cvd 100% 1003 Cuban Am Sug 8s.. 1 107% 1073 Det Edison 5s 102% 1024 Det Edison ref Dodge wi Donner Steel 75 Du Pont de N 7% Dugquesne Light 6s. Est Cuba Sug 7%48. 1 Empire G & F T#s. Fisk Rubber 8s Francis Sug 7%s. Brier H St 1st G3%s Brooklyn Union bs. Bush T Bldg 5s°60. Cen Leth 65 '45 cfs. Chile Copper 63 Cin G E b%s'62. 3 108% 1064 106% 106 0 104% 104 104% 104% 114% 114% 106 106 103% 103% 110% 1104 120% 120% 98% 984 104% 101% Goodyear Hershey 5% s wi. Hershey 6s 1942. Humble O'& Illinois Bell 1st b; Inter Paper Inter Paper KCP&Lt6sA'S2 48 Kan G &F168'63.. 4 Kelly-Spring 2 LoulsvG & E M1d-Con 6%s, "40. NYEdbs 44 wi... N Y Eden 1st 6%s NYG EL H&P 4s. .. NYGEL H&P bs.. North Am Ed North Am Ed 6% Nor Ohio T & L 6t Nor States Pow bs. Nor States Pow 6s. Otis Steel TH8. . Otis Steel 8s. o S NGO e O e BB D 0T BE S - Puau-Amer Phila Co ref 63 A. Phila & R4 C & 168 Plerce-Arrow 8 Producers & R 8a. P Serv Gasb Sinclair O11 63s... 25 Sinclatr Ofl 7v..... 8inCOPL 6s"38.. 21 . 25 87 86% 8o% .67 112% 112 112 6 101% 101% 101% y Private Wire Direct to The Star Office, Sales. High. Low. Close. 2 104% 104% 104% 99% 100 102% 101% So Por Rico Sug T Southwest Bell Tenn Elec Pow Tide Wat Oll 6%, Toledo Edn 1st Union Bag & P Vertientes Bug 7s. . Warner Sug 78 *41. West Elec 58 Westn Union 6% Westinghouse 3 Willys-Ov 634538, 14 Wilson & Co 1st 6s. 4 Wilson & Cocveés. 1 Winchester A 73%s. 7 101% Youngstn B & T €s. 79 99% RAILROADS, Ann Arbor 4s. . Atchison adj 4s. Atchison gen 4 Atlantic C Lcl 4s. . Atlantic C L 1st 4s. B & O gold 4s . B&Oocviys. B&Oref 5s. B&O1stbsot. B&O 6s. B&Orfimp B& O PLEWV B&O Sw Div 5s ¢ Bklyn Manhat 68 Buff R & Pitt 4%, Canad North 6% Central Pacific 48.. & Ches & O cv 4¥s.. 12 ChiB & Q gn 45 '58. Chi B & Q 18t rf §s. CB&Q-Ill3%s... CB & Q-Olldiv 4s. Chi&EIgnbs Chi Great Wes a 2 (3 ] € n 2 Qaaaaaaa T2RRERER Cleve Term bt Cleve Term 5%s. Colo & Sou 4% Del Hud cv 68 '35.. 11 Del & Hud 5%s.... 2 D & Rio G imp 5s. . Erie conv 4s A Erie conv 4s D. Gr Trunk sf db 6s. Grand Trunk 7s... Great North 54s.. Gr North gen 7s. .. Havana ERL&P 60 111 Central 5 %s.... I11 C-C St L&NO 63 Int Rap Tran 5s... Int Rap Tr 58 stpd. Int & G Nor 1st 8s. Int & G Nor aj és. Iowa Cent rf 4s. Iowa Cent 1st 58 Kan City Ft 8 s Kansas City S 3s. Kansas City S 5s. . Kan City Term 4s. Lake Shore 4s '28. Lake Shore 4s'31. . Louts & Nash 5%s. Louis & Nash 7s. Manhat Ry cn 45 Man Ry 2d 4s 2 Market St Ry Mo Pac s cfx. NOT&Mb5%s. NOT&Mb5%sn.. Norfolk & W ev Northern Pac 3s Northern Pac 4: Northern Pac 58 Northern Pacr16s Ore Short Lirer 4s. Ore-Wash 1st rf 4s. Pennsyl gen 4%8. . Pennsyl gen b vennsyl b8 Pennsyl 6%8 Pennsyl gold 7i RIArk&L 4%s. St L IM&S R&G 4s. -105 StP & KCSnL 4% StP UnDepbs.... San A & Arn P és.. Southern Ry gn 48. Southern Ry 1st 58 Southern Ry 6%s.. 32 Third Averef 4s... Third Ave adj 6 Union Pac 1st Union Pac ‘Western Pacific 5i ‘West Shore 1st 48. ‘Wilkes B&E 1st bi BUTTER LOWER TODAY. CHICAGO, July 28 (#).—Butter— Lower; receipts, 25,203 tubs; creamery extras, 43; standards, 43%; extra firsts, 41%a42; firsts, 40%a4l; seconds, 37a 391,. Eggs—Unchanged; receipts, 20,- 198 cases. WILL CALL IN BONDS. NEW _ YORK, July 28 (#).—Motor ‘Wheel Corporation has called for re- demption on September 1, at 103, its entire outstanding issue of 10-year sinking fund 6 per cent gold bonds aggregating $1,405,500. —— o's population now is esti- mated &t 8,000,000, FINANCIAL. DEGOED STRENGTH INGRAN HARSET Wheat Rises on Bad Weather News From Europe—Corn Again Up. By the Associated Press CHICAGO, July 28—With reports at hand telling of untimely wet| weather in western Europe, the wheat | market here _developed decided | strength today after a wavering start. | Crop damage in France from recent rains was estimated at 20 per cent. It| was pointed out also that the price of Chicago September delivery of wheat has declined in the last six weeks, whereas an advance of 19 cents a bushel took place in the correspond- ing period a year ago. Chicago oper ing prices, which ranged from 1 lower to 3 gain, September 1.483 to 1.457% and December 1.49% to 1.49%, were followed by a rise to 1.50% for Sep. tember and 1.51% for December Continued lack of adequate moisture led to higher prices for corn. After opening unchanged to % up, Septem ber 1.04% to 1.04%, the market scored 2 material .advance all around Oats were easy, influenced by re ports that ylelds in Iowa are better than expected. Starting at 3 off to 1 up. September 431 to 43 %, the market underwent a slight gene sag. Lower quotations on hogs' tended to weaken the provision market. '— Open High. oy PEAT OB o %;%nmbfl‘ . e July > 1 2 1 133 1 1 ESS Sois ik oo i ®FR e = Jcic] 5 S o July . September GRAIN AND PROVISIONS. BALTIMORE, Md., July 28 (Spe- cial).—New potatoes, barrel, 2.25a6.00; culls, 1.50a2.00; beans, bushel, 5.00 5.50; beets, 100, 2.00a3.00; cabbage, 100 12.00a15.00; carrots, 100, 4.00a corn, dozen, 15a30; celery, crate, 24.00; cucumbers, hamper, 1 eggpiants, 1.25a1.50; lettuce, bushel, 50a2.00; lima beans, bushel, 1 peas, bushel, 1.25a2.00: peppers, per, 60a76; onions, bushel, squash, Dbasket, 15a25; hamper, 1.00a1.60; green, 75a1.00. Apples—Barrel, 1.00a4.00; bushel, 50a1.50; peaches, bushel, 2.00a3.00; cantaloupes, basket, 75a1.25; black- berries, quart, 15a22; huckleberries quart, 18a22; raspberries, quart, a30; watermelons, each, 15a60. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, do- mestic, no quotation; No. 2 red Win- ter, garlicky, domestic, spot, 1.50. Sales—Bag lots of new at whart sold at a_range ~f 1.25 to 1.44 pe bushel. Cargoes on grade, No. 2 re Winter, _garlicky, 9%: No. 3, 1.45%; No. 4, 1.41%; No. 5, Corn—Cob, new, vellow and 6.50, nominal, per barrel; yellow, No. 2, 1.27. Sales—None. Oats—No. 2, 57; No. 3, 54%. Rye—Nearby, new, 1.10 and 1.20; No. 2 rye, spot, no quotations. Hay—Recelpts, 35 tons. As new hay is expected on the market almost any day, trade in old hay is restricted to actual or near requirements only. The | market is quiet and amply supplied with medium and low grade hay, which is hard to move, but firm on the better grades of timo Quotations today—No. 2 timoth 18.50a19.00; No. 3 timothy, 16.00a17.50 No. 1 light clover moxed. 1 No. 1 clover mixed, 17.00a17.50 clover mixed, 14.00a15.00. Straw—No. 1 wheat, 12.50a13.0 No. 1 straight rye. 18.00a18.50; No. oat, 12.00a18.00 am 1.00. .25 track SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) hi.. & Pac. ty of Lyons 6s 193 um. G. & El_lst & Elec. W b d, M. nL = i 8 = IR ki a8, 78 1930 REFOEAFEEREL RPEEREE FRE R SESS 5 NEW YORK DAIRY PRICES. NEW YORK, July 28 (#).—Butter— Easy; receipts, 16,094 tubs. Eggs— Firm; receipts, 33,352 cases; fresh gathered, extra firsts, 36a38; nearby hennery whites, closely selected ex- tras, 49a51; nearby and nearby West- ern hennery whites, firsts to average extras, 39a48; nearby hennery browns, extras, 44ad8; Pacific coast whites firsts to extra firsts, 41a4s. MORE KRESGE STOCK. NEW YORK, July 28 (#).—Kresge Department Stores has notified the Stock Exchange of a proposed in- crease of 500,000 shares in the author- ized common stock to 700,000 shares. CALL MONEY. NEW YORK, July 28 (P)—Call money steady; high, 4; low, 4; ruling rate, 4; closing bid, 4; offered at 4%4; last loan, 4; call loans against accept- ances, 3%; time loans, firm: mixed col- lateral, 60-90 days, 4: 4-6 months, 4a 4%; prime commercial paper, 3%a4. FLOUR LOWER TODAY. MINNEAPOLIS, Minn., July 28 (8). —Flour 10 to 30 lower, at 8.65a8.80 a barrel. Shipments, 42,178 barrels. Price of Rubber In Sharp Tumble In Big Markets Special Dispatch to The Star. NEW YORK, July 28—Crude rubber dropped sharply today to $1.08 a pound, comparing with \14_yesterday, $1.18 last week and 23% cents last year. LONDON, July 28 (#).—Crude | of the rubber prices, which recently rose to unprecedented heights, weak- ened rapidly today under the pres- sure of speculative sales, dropping three and one-half pence for spot Quotations, bringing the price to 3 shillings 10 peace per pound. CHAPIN-SACKS NETS $39.243 T0 JULY Equals $3.92 on Common. Local Issues Firm—2Zero Pays Dividend. BY CHAS. P. SHAEFFER. The Chapin-Sacks Corporation re- turned net earnings of $392,543 for the six months ended June 30 lasy, compared with $189,746 for the cor responding period of last year. This return is equivalent to $3.92 a share on the 100,000 shares of no-par-value common stock Net profits of the corporatio month' of June aggrefated $2A64s0 inst $200,000 in the same month of Detaiiea f ctailed figures of operatiol - i 08 St ot du not available for public consumption, but it is the declaration of officials that the company is functioning at peak capacity, both in volume of business and ‘in revenue Zero Products Pay Dividend. The board of directors of Zero Prod ucts, Inc. at thelr regular meeting, held yesterday, declared a 12 per cent dividend on preferred stock to hold. ers of record for semiannual divi dends Nos. 1, 2 and 3 \hThi’ president’s report to the board ] 1,:\0\1 the company’'s sales are about double the same period last vear. and the working reports for January to June, inclusive, show net earnings at the rate of 40 per cent . : cent on outsta b e LT outstanding The busines; i8 now two ves last 3 shows very rapiq th, and the present bookings of business indicate a larger {in- e in sales for the remainder of Vvear than the working reports al- ¥ show for the first half of the Local Exchange Strong. Strength in all f{ss dominant feature of the Washington market this morning. The ing volume was relatively light as o pared with recent sessions, this, oweve: being shadowed by peak Ve issues ler Linotype ]crm!lnued its I - ance, selling upwy £ o, adyance, seling upward and Raliway common gained several points ;Xlrlirl—: fv({’\ sales of 22 shares referred stock bry ant{ Capital Traction sold :Jnlunl.ltl".fi‘x7 National Mortgage and Investment preferred, was firm, selling to the ex. ;E‘n' of 0 shares at 933, and $1,000 S ‘l’.,m, Power sevens Many Bonds Outstanding. twithstanding official notices, aré still about $1,600,000 of Telephone and ' Telegraph Co. convertible 8s of 1925 outstanding These bonds mature August 1 and if v converted will be paid face value. Until that d ble into stock 8100 in bonds, plus $6 for one share of American Telephone, selling frac- above 140, thus giving the s @n actual Worth of approxi- The negligent holder, who fails to exercise his conversion privilege, or s bond within the next few lll -suffer a loss of approxi- Iy $340 per $1,000 bond. Nearly $4%,000,000 of the original issue have already been converted. For the past four years bondholders who converted, have increased their fm come $30 per bond by the action, with an additional investment of $60 per bond. Under thesc circumstances it seems probable that a good portion remnant of these bonds still outstanding is in the hands of people ignorant of the value of the privilege. Audit Still in Progress. Reinstatement proceedings of Dean, Onativia & Co. cannot be consum- mated until auditing of the firm's hooks is completed, the local office ad- vised this morning. The auditing, in turn, cannot be consummated until every customer acts on the adjust- ment proposal on accounts as between the company and the customers, for- ed the latter some time ago. While customers’ replies are being received in rapid order, the Washing- ton office will not hazard a guess as to when the definite status of the house will become known. Southern’s Earnings Gain. Southern Raflway's June earnings were larger than June last year, the net operating income gaining $468,540, o § . Gross revenues in- creased $702,260. The net of $14,592,463 for the half year compared with $12,753,156 a year ago, while the gross was $70,998,829, against $69,619,581 in 1924 FREIGHT REVENUES ON B. & 0. INCREASE Road Does Better Than Year Ago and Offsets Slump in Pas- senger Traffic. ues was the Special Dispatch to The Star BALTIMORE, July revenues of the Baltim Rafiroad increased $2,052, last June over June, 1924, the monthly statement of the road shows. Despite e in passenger revenue the . net revenue increased $1,721,128, or from $17,165,370 to $18.886,498. Operating expenses increased from $12.870,210 to $14,276,478, however, giving a net operating. income of $3,338,604, as compared to $3,142,666 of June a year ago. For the six-month period ended July 1 the passenger revenue de- creased $1,151,159, from $14,303,168 to §13,152,009. The net operating in- come for the period shows, however, a decrease of only $49,065, from $15, 767477 in the first half of 1924 to $15,718,412 in the first half of 1925. GERMAN BONDS AND STOCKS. (Quoted in dollars per millign marke) Ger Gt (win) bs 1014-18 gg’ 00 dhe 1010, 55 (forced 10an} 8- 3 45 pre-war. ... am 3s. 3345 & 4¢ pre Hambure Amer, Line 4193 North German Liovd 4348 G Lioyd Berlin H Krupp 58 1921. ... . Dusseldor{ 4s pre-war e 20 33 Loascaiomiti ~8RSEEESe @oadon0s §33333333: Mercur Bank Vien DAIRY PRODUCTS. BALTIMORE, July 28 (Special).— Live poultry—Spring chickens, pound, 25a86; Leghorns, 22a28; old hens, 21a 28; Leghorns, 21a22; roosters, 15a16; ducks, 14 young ducks, 20a26; pig- eons, pair, 25a35. Eggs—Receipts, 695 cases; nearby firsts, dozen, offered at 32; bid, 30. Buttes od to fancy creamery, pound, 40af5%; prints, 4514a47%; la- dles, 34a35; store packed, 30a3l; dairy prints, 31a83; rolls, 31a83; process but- ter, 36a37.