Evening Star Newspaper, August 8, 1925, Page 20

FIN BUYING IS SPREAD OVER BROAD LIST Display of Aggressive Strength in Stocks Is Wit- nessed in Market. By the Associated Press. NEW YORK, August 8.—Another display of aggressive strength was shown by today's stock market. Al though a tendency. to cofivert paper profits into cash and experimental short selling brought about occasional recessions of a point or two, the gen- eral list swept forward under the leadership of the high-priced indus- trials, many of which were again buoyant. Buying orders were spread over a broad list, but centered largely in the steels, equipments, motors and public utilities, many of which broke through to new peak prices for the year. Buying of the ralls was of a selective character, establishment of new prices by Missourl Pacific pre- ferred and Norfolk and Western being among the few features. Chesapeake and Ohio, Coca-Cola and United States Cast Iron Pipe fell back on realizing. The closing was strong. Total sales approximated 800 000 shares. Strong Tone at Openings NEW YORK, August 8.—Prices dis- played a strong tone at the’ opening which was featured by the heavy buy- ing of the standard industrials and rails. Mack Trucks, Remington Typewriter and United Railways In- vestment preferred each opened a point higher and International Com- bustion Engineering and American Smelting mounted to new high levels for the year. A strong investment demand for the high-priced industrials sent sev- eral of those issues to new peak prices for the vear in the first few minutes of trading. Issues Shoot Upward. General Electric, Midland_ Steel Products_preferred, Havana Electric, General Railway Signal, International Telephone and Mack Trucks quickly gained 21 to 4% points. American Can, Baldwin, International Combus- tion' Engineer. Mallinson, United States Rubber common and first pre- ferred were among the many other industrial {ssues that moved up a point or two in the first sale of the hour. General Motors touched a new top at 9. New York, Ontario and Western and Missouri Pacific pre- ferred were the early strong spots in the railroad group. Du Pont turned heavy on realizing sales. Foreign ex- changes opened“steady, demand ster- ling being quoted around $4.85% and - French francs at 4.67% cents. larkets at a Glance By the Ascociated Press NEW YORK—Stocks, strong; Mis- souri Pacific preferred up 4% to new high. Bonds irregular; Virginia-Caro- lina Chemical issues active. Forelgn “exchanges steady: FEuropean rates show little change. Cotton quiet; awaiting Government report. Sugar and cdffee, holiday. CHICAGO—Wheat better steady Hogs barely steady; foreign weather reports. Corn small_stocks. Cattle steady. higher; light receipts. WALL STREET BRIEFS. By the Associated Press Street _h‘mr: the recognition S willineirieds public probably next Tuesday to be followed by the early discharge of the receivers. Vari- | ous bondholders and stockholcers com- mittees have agreed to the plan which is expected to include elimination of the funded debt by exchange of these securities for stock. Common stock of no par value will be given for the present common and preferred issues. Bankers are understood to be willing to accept common stock for the bal ance of the bank loan. The present stock issue, it is said will be scaled down greatly under the plan Steel scrap materials have been ad- vanced 50 cents a in the Pitts- | burgh district, heavy melting steel now being quoted at $19 to $19.50 a ton. This is about $3 a ton above the low price three months ago. A higher price is reported to have been paid by two mills which took about 20,000 tons. United States Cast Iron & Foundry is reported to have been the success- ful bidder in keen competition for 2,200 tons of cast iron pipe for the Panama Canal Zone, in which French manufacturers recently cut their bid $6 a ton after all previous bids had been thrown out Net profit of the Indian Refining Co., for the first half of 1925 was $455,135 against $182,341 in the same period of 1924, not including profit of $2,087,672 derived from the sale of capital assets. COINS OF BRITISH MINT CLAIMED BEST IN WORLD ANCIAL. Ahumada (11).. Alr Reduc (4) Ajax Rubber. Alaska Juneau. . Allied Chem (4). Allls Chalm (8). Am Agricul Chm Am Can (17).... Am Car&Fdy (§) Am Chatn A (2). Am Chicle ctfs. . Am Drug (60c). . Am Express (6). ‘Am & For Pow. |Am & F P pt (7). Am Hide& L pt. Am Ice (7). Am Internatl. Am La Fran (1). Am Linseed Am Linsd pf 31 {Am Loco (+18).. Am Metal (3) Am Radiator (4) Am Safety R (3) Am S & Ref (6). Am St1 Fays ® Am Tel&Tel (9) Am Tobacco (7). Am Toba B (7).. Am WWA&EI 1.20 Am W W 1st (7) Am Wool pf (7). Am Zinc. . Am Zinc pf., Anaconda (3)... Archer-Danels. Armour Del (7). Armour Il A(2). Arn Cons&Co. . . Artloom Corpn. . Asso Dry G(2%) Asso Of1 (2).... ) AtIGulf & W I.. At Gulf & WI pt Atlantic Refing. Atlas Tack. . Austin-Nichols. . Austin Nic pf(7) Baldwin L (7).. Balto & Ohio(5). Bang & Ar (3). Beech Nut(2.40) . Bethlehem St! Booth Fisher!, Briggs MIg(3%) British Emp 1st. British Emp 24 Bkl-Man Tran. .. Bkl Union G(4). Brown 8hoe (4). Brunswick-Balk. Brunswick Ter.. Bur Add Ma (3). Bush Ter de (7). Butte Cop (50c) . Butte & Sup (1). Caddo Central. Cal Pete (2).. Callahan Zinc Calu& A (123%). Calu & Hec (50c) Can Pacific (10). “ase Threshing Thresh pf. Cent Leather pf. Cerro d Pasco(4) Certain-Teed(4). Chandler (3).... Chees&Ohio (4). Ches&O pe(6%). Chi & Alton. ... Chi & Alton pf. . Chi & East Il pf. Chi Great West. Chi Gr West pf. Chi Mil & StP. .. Chi M1l & StP pf. Chi & Nwn (4).. Chi & Nw pf (7). Chi R1& Pac... CRI&Ppt (7). Chile Cop (2%). Chrysler Corpn. Chrysler pf A(8) Cluett Peab (5) Coca-Cola (7) Col Fuel & Iron. Col G & E (2.60). Col Carbon (4).. Com Solv A (4). Com Solv B. . Congoleum 13) . Conso! Cigar. Con Clg pf(t8% Consol Distribut Cont Can (4). Cont Insur (6).. Cont Mot (80¢). . Crucible Stl (4). Cuban Cane Su. . Cub Am Sug (3). Cuban Domin. .. Cudahy Pkg (3). Cuyamel Fr (4). Danlel Boon Davison Chem. . De Beers (1.92). Del & Hud (9) .. DRG Wstpf... Dodge Bros Cl A Dodge pt (7). . . Dome Mines (). Doug Pectin (1). Dul § § & Atlan. Dupont (10).. .. DuPont deb (6) . Dugquesne pf (7) Eastman (18)... Elec Powr & Lt. EIP&Lpf (7). EP&Lpl40% pfl Elec Str Bat (4). Tondon Plant Turns Out Money for Other Countries as Well as Own. Correspondence of the Associated Press LONDON, July, 17.—The claim is made that the British mint on Tower Hill, where all the British and many of the foreign countries’ coins are made, contains the finest craftsmen in the world. The mint has just com- pleted an order for Poland comprising about 20,000,000 coins. Last year it coined a large order for Russia and minted a number of gold coins for Egypt. It now has an order on hand for Lithuania to the value of $50,000. Copper coins can be turned out at a great rate, and in the case of silver coins, where much greater care {s needed, as ma: as seven millions have been produced in one week. The designs on coins made at the mint are sald to stand out more clearly than on those produced in other countries, and the dies are made from designs sub- mitted. CLUB FOR WORKING GIRLS Yorrespondence of the Associated Press. LONDON. July 17.—The necessity, pr liking, for clubs of women has ex: tended to the city worker. Most of the big banks and insurance com. . panies have their own catering ar- rangements and are able to feed thelr girl. employes at a small cost. The firm employing only one or two girls is not so well placed and it is for these employes that a new club has been opened in the heart of the city. The girl members will be able to eat there at a reasonable cost as well as use the club as a social center to prepare for sports or evening engage- ments without first having to rush home to the suburbs. ITEW STOCK DIVIDEND BASIS. CLEVELAND, August 8 (®.—In & letter to shareholders accompanying notice of rights to new common stock at $20 a share, Adrian D. Joyce, presi- dent of the Glidden C Cleveland t and varnish makers, declared it Emmerson Brat. Emmerson B pf. End John (6)... ErfeRR . . Erie 18t pf. Erle 2d pf Fairbks (3.60).. Famous P1(8).. Feder Lt (11.40) . Fed Min pf (7). Fisher Body (8). Fisk Rubber.... Fisk R 1st pf (7) Fleischmann (4) Foundation (8).. Freeport-Texas. Gardner Motor Gen Asphalt. Gen Gen El spec 60c. Gen Motors (6).. Gen Mot pf (7). Gen Petrm (2. Gen Ry Sig (6 Gimbel Bros. Ginter (1%). Glidden Co. Gold Dust Goodrich Ru (l). Goodrich pf (7). Goodyear pf (7). Goodyr pr pf (8). Granby Consol. . Grt North pf (5) ‘Gt Nor Ore (1) Gt West 8 pf(7). Green Canan. Guantanam Gulf Mo & Nor.. Gulf States S (5) Hartman (3%).. Havana Elec (§) Hayes W (13%). Household P (3) Houston Ol Hudson Mn (2% Hudson Mot (3). Hupp Mot (1)... Tilinots Cen (7).. Indep Ofl (1).... Indian Motorey . Indian Refining. *Ingersoll R(8). Inland 8t (2%).. Inspir Cop (80c) Interub Rap Tr the intention of the directors to place the common stock on a dividend basis of $2 a year after the close of the present vear. Internat Agri... Int Bus Mac (8). Int Cement (4). . Int Com Eng (2) Ad Rumley pf(3) Om High. Low. 58! 8! 109 uz 100% lll\fi 110 34% 117 119% 1 104% lllK 100% 63 1% 42% 24 149 89 27% 81% 14% 22% 4 197 100 110% 105% 36% 9244 109% 64% Grt Wstn Su (8). 1 128 67% 6% 43% 49% . THE Cler, A Internat Har (5) | Inter Har pf (7). 119 Int Mer Marine. . 9% | Int Mer Mar pf. . Int Nickel. | Int Paper. v |Int Tel & Tel (65 136 Jordan Mot (3).. 37% Kan City South. 83% KanCSopf (4). 59 Kayser (Jullus). 30% Kayser (J) pf(8) 94 Kelly-Spring. . Kennecot! Keystone Rresge Dep S (4) 35% Kresge DS pf(8). 974 Lehizh Val (3%) 77% Ligmett & M (14) 65% Liz & My B (t4) Loews Inc (2) Louisiana Ofl. -1 Louisvilie Gas A 25 Ludlum (2) 45 McCro B (1.60).. 92 Mack Trucks (6) 199 Macy HR & Co. . Magma C (75c). Mallison & Co Man El Sup ( Man-Elev gtd. .. Manila Bl (234) . Waracaibo OIl. .. Market St prior. g’!rhnd 0 (75¢) \hrrn (‘: pr(L; 89) Mexican Seahd. Miami Cop (1) Mid-Continent. . Midland P pf (19 144% Minn & St Louls, 24 Min St P& SSM. 35% Mis Kan & Tex.. 39% MK&TDpt(5).. x9 Missour! Pacific. 85% Missouri Pac pf. 81 Mont Power (4). 93% Montgom Ward. €9 Moon Mot (3)... 31% Mother Lode 75¢ 8 MotorWhe(1.60) 31% Nash pf (7) Nat Biscuit (3).. Nat Cloak (4)... Nat Lead (8). Nat Supply (3).. Nevada Copper. . N Y AirBr (4).. N Y Canners (2) N Y Central (7). 18% 494 534 19% NY(‘& SKL (6) 131% N ¥ Docl N NY On&Wn (1). N Y Shipbld (2). Niag Fpf (1%). 28% Norf & West (7). 134 North Am (3.40) North Am pt (3) North Pac (5)... Nunnally (1). Onyx Hostery... 32% Oppenheim (3)... 43 Orpheum (1.80). 30% Otis Steel. .. Otis Steel pf. ... Owens Bot (3).. Pacific Coast. ... Pac Coast 2d pf. Pacific Gas (8).. Pacific Ol (3). .. Packard (11.70). Park & Titford Pennsy RR (3). Penn Seab Steel. Peoria & East. Pere Marq (4).. Pere Mar pf (5) . Phla Co (4)..... Phila&RC&I.. Phillip Morris. .. Phillips Pet (2). Phoenix H Plerce-Arrow . Plerce-Arrow Pierce OIl. . Pitts & West Va. Postum Cer (4). Press Steel Car.. Pr St Car pf (7). Pub Se E&G pf 6. Pub Ser N.J.(5). Pullman Co (8). Punta Aleg Sug. Pure Ol (1%).. 27% Radio Corpof A. 56 Ry St Spe (8).. 126% Ray Cons Cop... 14% Reading (4) Reading rts. . Reading 1st (2). Reading 2d (2).. Robt Reis & Co. . Robt Reis 1st pf. Remington Type 83 Replogle Steel Rep Ir & Steel. Reynolds Sprngs Rey Tob B (3).. Rey Tob pf (7).. Rossia Ins (6). . Royal Den 1.73% 51 8¢ Joseph Ld (2) 414 StL&SanF (5) 9l% St L Southwest. 494 StL Swnpf (5). 72% Savage Arms. 61 Schulte (*3) . 107% Schulte rights % Seaboard Air L.. 35% Seabd Air L pf.. 44k Seagrave (1.20). 14% Sears-Rebk (6). 193% Shattuck-Ariz 6% Shattuck F G(2) Shell Un (1.40).. Shell Un pf (6) . Simmmens Co (2). Stmme Pet (1).. Sinclair Oil. Skelly Ofl. Sloss-Sheff (6). . South Port 8 (8) South Por pf (8). 110 South Pac (6)... 99% 1 | Southern Ry (). South Ry pf (5). Spicer Mfg Std Gas & El(3). St Oil Calif (2). StOIINJ (1). T0% 118% 81w 77 964 84% 138% 35% 88 22% 102 Studebaker (4).. Submarine Boat. Symington...... 14% Symeington A(2). 20% ‘Tenn Copper (1). 10% Texas Co (3). Tex Gule 8 (1%) 111% Tex & PacC&O. 32 43% 89% 104% % Timken R B (N) ‘Tobac Prod (6). Tob Prod A (7). . Transcont Ofl. . . Underwood (3). . Union Oil (1.30) . Un Pacific (10). . 50% 36% 141% 30 82% Utd Ry Inves pf. 79% USCastlronP. 1544 130 584% 104% 3915 . 122% S Rub 1st (8). U S Smelting(3). U8 Steel (17). U 8 Steelpf (7). 124% Untversal Pipe.. 354 Utilitles P&Lt A 35% Va-CaroChem.. 3% Va-Caro Chetfs. 1% Va-Caro Chpf.. " 11% Vivaudou: 14% Wabash. Wabash pf A (5) Waldorf (1%) ‘Ward Baking Warren Co (4) West Pen (4). West Elec pf(7). 116 » 36% 1% 1 ‘West Maryland. EVENING STAR, WASHINGTON, D. C. Open. High. 116w 116% 19 115 15 — Low. Close. 116% 116% 119 H: 81 66% RENEWAL OF DEMAND Take Prominent Part in Today’s Market—Domestic Issues Quoted Barely Steady. BY GEORGE T. l“.G:lE! Special Dispatch to The Star. NEW YORK, August 8.—Foreign lesues took a prominent part in the bond trading at the end of the week. French government obligations were 2%|all in demand again, with quotations 49% B0% 49% 49% . 119% 119% 119% 119% 116 115 % 1% for the 7s, 7%s and 8s around their recent high figures. The better feel- ing toward French bonds seems to be based on confidence in the success of the new French internal gold value guaranteed loan. Expectation that the French war debt will be refunded in September also helped. Next to the French bonds the most interest was taken in the Anton Jur- gen 6s, which advanced further a point and a quarter. They were be- ing bought apparently on the privi- lege they carry of conversion into the common stock of the Amsterdam Company. Belgian 7s, which had been under pressure following the dissolution of the syndicate, were firm today. There was some reaction in Poland 8s. In the domestic list Liberty bonds were barely steady. Evidently the firmer tone in time money was hav- ing more effect than expectations of benefits from the maintainence of ‘the present low reserve bank discount rate. /e There were no important changes In the high-grade rails and indus- trials. Chesapeake and Ohio convertf- ble 55 were active again at their new high in sympathy with the stock. Missouri Pacific 4s were taken in large volume just above 64. Sugar bonds were steady, but did not show the same strensth as sugar stocks. YEAR'S COTTON YIELD. Forecast of 13.586.&)0 Bll!l Made by Federal Department. By the Associated Press. A total production of 13,566,000 equivalent 500-pound bales of cotton this year was forecast by the Depart- ment of Agriculture. The forecast was based on the con- dition_of the crop, August 1, which was 65.6 per cent of a normal, indi- cating an acre yleld of 139.8 pounds. e BUTTER OUTPUT GAINS. Canada Production Increased 183,- 000 Tons in Year. OTTAWA, August 4 (#).—Steady in- crease in butter production in Canada has taken place in recent years, a re- port of the bureau of statistics show- ing that 81,000 tons were manufac- tured In 1924, agalnst 73,000 tons in 1923 and 68,000 tons in 1922. To this an average of 45,000 tons a year may be added for butter made on the farms and In the homes. Imports of butter have averaged 1,500 tons annually, the report says, and exports 8,500 tons, while there has been a steady Increase in stocks. Creamery butter production last vear amounted to 182,161,347 pounds, an increase of 11.2 per cent over 1923. ——e CHICAGO LIVE STOCK MARKET CHICAGO, August 8 (United States Department of Agriculture) (P).— Hogs—Receipts, 3,000 head: fairly active; mostly 10 to 15 higher than Friday's average; slaughter pigs, little changed: bulk, good and choice, 140 to 200 pound weight, 13.65a14.00, to 14.05; bulk desirable 240 to 350 pound butchers, 13.40a13.75: packing sows, largely, 11.90a12.20; few strong weight killing pigs. 18.00a13.50; shippers 3,000 head; estimated holdover, 4,000; average cost packer and shipper droves of hogs here Friday, 13.11, weight, 249 pounds; heavyweight hogs, 13.15a13.75; medium, 13.30a14.00: light, 12.45a14.05: light lights, 12.00a13.95; packing sows, 11.50a12.50; slaughter pigs, 12.75a13.50. Cattie—Receipts, 500 head, compared with week ago, choice fed steers 25 higher: supply meager; grassers and lower grade fed steers largely 50 off, spots more on inbetween grades fed steers: 15.50 paid for matured steers; several packages 15.60 and 16.65; West- ern grass run, comprising about 5,000 head, ineluding little proportion South- western offerings, part load Montana grassers, 10.75; most Northwestern of- ferings, 8.00a8.75; killing quality West- ern grass run comparatively plain; long qualitied grassers to killers downward to 5.75; grain fed she stock scarce, strong; grassy offerings slow, uneven, generally steady: bulls weak to 25 lower: vealers active. mostly 50 up. Week's bulk prices follow: Grain- fed steers, 11.50a14.50; grass steers, 7.75a9.00; dry lots fat cows, 7.00a8.50; grass cows, 4.00a6.00; grass heifers, 5.50a7.75; grain-fed heifers, 8.00a10.00: canners and cutters, 2.90a3.65; vea] calves, 11.75a12.50; stockers and feed- ers, 6.00a7.57. Sheep—Receipts, 2,000 head; today’s receipts practically all direct; few loads native lambs, 14.50; culls, 11.50; heav- ies, 13.00; strong, steady: for week, around 4,800 direct and 156 cars from feeding stations. Compared week ago: Fat lambs, 25 to 50 lower, natives de- choice Westerns, 15.50; light and handyweight fat ewes, 25 to 50 lower: heavies, 50 to 1.00 lower; feeding lambs active, strong to 25 higher: top, 15.50. follow: Fat Westerns, 15.00a15.40; na- tives, 14.50215.00; cull natives, 10.768 11.50; feeding lambs, 14.75a15.24. A R, HONOR U. S. CONDUCTOR. Paris and London Groups to Be Led by Shavitch. Correspondence of the Associated Press. PARIS, July 16.— The Pasdeloup Orchestra of Paris and the London Symphony Orchestra have paid a dis- tinct compliment of Viadimir Shav- itch, conductor of the Syracuse, N. Y., Symphony Orchestra. He was one of ‘the guest conductors of the London orchestra this vear and has been in- vited to conduct the orchestra again April 12, 1926. This is the first time an American conductor has been in- vited to repeat his visit. Last month in Paris Mr. Shavitch conducted with great success the Lamoureux and Pasdeloup orchestras, and the latter invited him to conduct the orchestra again next yvear after his London visit. 22% 22% 22% 22 22% 22 ‘Wesn Pac pf(62) 744 T4% West Air Br (). 115 115 Westinghs (4) 72% 15 Weston Elec 19 Waeston A (2 26% 20 Wheel & L E pf. 42% White Eagle (2). White Mot (4).. ‘White Rock (12) Wickwire ctfs. .. Willys-Overid... 18% ‘Willys-Od plfl) 102% 104% Wilson & Co. 8 Woolworth (3).. 188% IGGV: Worthn Pump... 40% 40% Wright Aero(1). 29 29 Wrigley (13%).. 61% 614 Youngstown (4). 74% 74% 'Odd lot. 4% oI s S vy of hl’ PR 8% 102% 6 165% 40% 29 51% Bulk prices |'Ne SATURDAY, AUGUST 8, 1025. [orvev o BONDS o] Received by Private Wire Direct to The Star Office. UNITED 8TA (Bales are in $1,000. Sales. High. Lib3%s... Lib 1st 4% Lib 24 41 Lib3a 43 Lib 4th 4% US 45 1944, US4ks's2 1 31 Argentine Aus govt 53’65 S P Bordeaux 6s.. Brazil Brazil 8s. » 4. Chile 88 1941. Chile 85 1946. Chinese Gov Ry [ Christlania 8s Czecho 8s 1951. Czecho 8s 1952 ct. Dantsh Munic 8s A. n.n:;:rh— S-Rhounebranat-—~ona Duteh East I Finlands 7s Framerican 7% French 7s. . French 7%s French 8s. Mexico 45 *0. “Mexico 4s 1 Montevideo 75 Netherlands 65 *54 . Netherlands 6s'72. Norway 5%s wi. Norway 68 1944 Norway 65 1952 Plrl»-L) s-M-d 61 Paris Orleans 7 Peru 8s. Poland 8850 wi. Queensland 6: = Queensland 7s. ... Rio de Jan 85 1947, Rio Gr Do Sul 8s. .. Stof S Paulo rets. . Serbs Crot Slo 85 Solssons 6s. . Sweden 5145 ct Sweden 6s. ; Swiss 5% 1946. Swiss Confed Ud Kingm 5348 '37. T bo- Close. 100 20 100 20 101 26 10128 100 22 100 25 101 12 10112 102 102 22 102 22 106 108 MISCELLANEOUS." Am Agr Chem 7%s. 9 1 Am Chain sf 6s'33. 1 Am Repubdeb 6s.. 2 AmSmit& R 1stbs 5 .19 .16 10 Sat AmT & T deb 5%s. Am Water Wks 5s. '.’y..m Anaconda 1st 6 Anaconda cv db 7 Andes Cop 7s ret Armour & Co 4% Armour Del 6%s. Assoclated Of1 65 Beth Steel pm 5s Beth Steel rf5s. . .. Beth Steel 535 '53. Beth Steels T 6s... Chile Copper 68 . oSk pRoA® oy Consumers Pow 58. Cuba CanecvdS$s.. Cuban Am Sug 8s. . Det Edison 68 '40. . Det Edison ref 6s. . Dodge wi6s. .. Du Pontde N 7% Duquesne Light 6s. Est Cuba Sug 7%8. Empire G & F 7%s. Francis Sug 7% Goodvear 85 1931.. Goodyear 85 1941.. Hershey 5%s wi. Hershey 65 194 Hoe & Co 6. Illinots Bell 1st 58. Tilinois Steel 4% Indiana Steel 53. Int Mer Marine be . Int Paper 58 47. Inter Paper KCPa&LtssA s Kelly-Spring Lackawa S 55 '50 Laclede G 5% 8 Liggett & Myers 5s Lorillard (P) §s. .. Manati Sug £ 7%s. Mid-Con 6%5 40 Midvale Steel 5 New Eng Tel b NYEd5s'44 wi.., NYGELH&P &s. NY Tel 65°41. N Y Tel 65°49. North Am Ed 6 - - » Nor States Pow 55. Otis Steel 7%s. ... PacT & T 55'52... Pan-Amer Pete 6s. Phila Co 5%s '38 Phila Coref 68 A Plerce-Arrow 8s... Public Service Pub Serv Elec 65 Remingtn Arms 68 Sinclair Of1 6s. ... BTy 1 O TN N e L L T L L LT 4] - SinCOPL6s"28.. Skelly O11 6148 South Bell Tel u. Southwest o a8 TenanibaneSar~ ) Westinghouse ‘Wilson & Co 1st Winchester A 73 Youngstn S&T ’ RAILROA Atchison gen 4 Atlanttie CL cl ds.. Buff R & Pitt 4%s. Canada South 58 Car Clinch & O 5s. . Car Clinch & O Chi & Alton 3s. ChlLAll l%scl!l 21 1 CI.P“N“‘I. 08% 8% 97% 98 108 98U 9Tk 9% 102% 96% 101% 86 102% 101% 100% 04% 109% 99% 103 94% 95% 100% % 96% 106% 97 1044 104% 109% 101% 99% 102% 97 104 D. 88% 102% 101% 101% 114% 9% 101 1074 5% | Del Hud cv 55 * 107% T102 107% 9% 106% 106 _100 942 109% 99% 108 95 9% 100% 96% 1068 o7 - 104% 104% 109% 101% 99% 102% | Hah: 97 104 102% lfll\t 101% 114% 80 101 107% Sales. High. Low. Close. 1 47% 47% 47% L1 4TH A% 4T 9 5 8% 7T8% T78% 1 4T% 47% 4T% T 48 47% l7% 103% 103% aqqaaaaa SBatan » P = L T N N Cleve Term 5% Cuba RR5s.. Del & Hd 1st rf i o Erfe gen 4s. . Erfe conv 4s B Erie conv 4 62% 62% 63% 63% 2% T12% 104% 1044 18 103 944 9k 140 139 107% 108% - 111 Cent ref 58 °55. . 11l Central 6% 111 C-C St L&NO b8 -2 I5=rS 102% 102% 102% 102% 100 99% 61% 67% 69% 69% 89% 89% 101% 101% 4% T4% 88% 88% 98% 984 1004 100% 63% 63% 88% 994 21% 20% P Int & G Nor 1st 65, Int & G Noraj 6s.. KansasCity 8 Lake Shore 4s Lehigh Val 55 2003. Manhat Ry cn 4s... Market St Ry 75 M&StL1strf 4 M&StLrf ex b MK & T adj MK&TprinssA. Mo Paclfic gen 4: © - Raoen BoeS— :« Mo Pacific Montrl Tm N Y Cent L8 ¢! 108% 108% 108% 96K 96 954 20% 90 0% 68% 68% 68% Zl% 21% 27% 89% X!lh 132\ T133% 60 60 60 94% 94% 94U 106 105 106 81% B1% 7% 9T% 99% 100% 7% 9TW% 35 36k 87 87 6% _TH% 89% T 89% 9845 92% 84 70% 94 96% 87% 8% ‘lOZVn 102% 106 106 110 108% 56% 56% b 6; NYChi&StL6%s 8 New Havencd 6s.. 13 4 y 5 Norfolk & W cn 4s. Norfolk & W cv 65 Northern Pac 3s Northern Pac 68 D. Northern Pacr | 6s. Ore-Wash 18t rf Seabd A L ref Seabd A L con Sou Pacific 4s "2 Sou Pacific ref 4. . Southern Ry gen 4 Southern Ry 1st 5s 8outhern Ry ésct.. Southern Ry 6%s Third Ave ref 45 Third Ave ad 5 Union Pac cv 68 Virginia Ry 1st 6s. Wabash 1st 5s ‘Wabash 2d 5, 108% 103K 984 98K 101% 101% 5% 95% ‘Wilkes-B&E 1st 5 62 WEALTHY IRISH WILLING NOW TO RETURN HOME Many Who Fled During Strife Coming Back to Rebuild Destroyed Homes. Correspondence of the, Associated Press. DUBLIN, July 16.—There are many signs in the Free State that wealthy familles who, after the destruction of their property, left for England, are anxious to return. The compensation given for the destruction includes in most cases a condition for rebuilding, and this condition is being fulfilled. Marquis of Lansdowne has rebuilt a place at Dereen, not far from Killar- ney, which was looted and burned. The marquis has been living in De- reen, and his son and heir, the Earl of Kerry, who is a member of t-e Free State Senate, also has a resi- dence in the neighborhood. FINANC ISale of Dead Mail And Useless Paper New Economy Plan Scraps of paper, unmailable mat- ter and even dead letters, once not considered worth the effort of picking up, are to become potential dollars in post offices throughout the country, according to an order just issued by Postmaster General New. Enforcing President Coolidge's econ- omy injunction to the letter, Mr. New has informed all postmasters that they ‘“shall carefully preserve all waste paper,” including dead and un- claimed printed matter, “and all other useless paper and all useless twine.” The whole is then to be offered to junk dealers at stated periods on a competitive bidding s, the Post- master Gen declaring that as much money as possible is to be realized from this once worthless waste matter. FIGHT OPENS IN JAPAN ON RED PROPAGANDA Special Police Service to Be Asked in Bill at Next Session of Diet. Correspondence of the Associated Press. TOKIO, July 11.—Fear of bolshe- vist propaganda in Japan is ever pres- ent among the heads of the govern- ment and it was recently reported that the home department is plan- ning to introduce a bill at the next Diet session for the organization of a special police service to deal with the situation. It is said a yearly outlay of 1,000,000 yen will be asked for this purpose. The government has not bean amiss in adopting measures calculated to be effective in coping with untoward de- velopments that may follow the re- opening of the country for intercourse with Soviet Russia. Of these meas- ures the most important is, of course, the new peace preservation law, which the Diet voted at its last session. Alone with this precautionary piece of legislation may be mentioned the steps taken to unify orders issued to the police at home and in Korea, so that there may be co-operation as well a8 co-ordination in their activity on the trail of propagandists. There is also the creation of special police organs to be on Korean frontiers and South Manchurian borderlands. All these innovations are now in full working order. But it has been found that channels for the introduction of “Red” propaganda are rapidly increas- ing owing to the growing frequency with which the peoples of the two countries are exchanging visits for commercial, touring and other pur- poses and also because of the freedom with which new publications are be- ing imported. The home office regards it as im- perative in consequence that a police service of special nature be perfected to deal with the problem of propaga- tion of radical thoughts. o CHICAGO GRAIN MABKET CHICAGO, August 8 (®).—Sharp fresh advances took place in the price of wheat, although for a while the market averaged lower. The fact that Liverpool quotations showed relative weakness had a temporary depressing effect on values here, and so, too, did opinions that the rapidity of recent upturns would bring about at least some reaction. On the other hand, re- newed foreign purchasing of future deliveries here was said to be in prog- ress, and further buving of cash wheat here for shipment to Montreal and to Europe was reported. Chicago open- ing prices, % to 2 lower, September 1.64 to 1.65% and December 1.62 to 1.6334, were followed by an irregular upturn that hoisted September to 1.6715 and December to 1.653. Favor- able weather for corn made prices easy in the corn market and on oats as well. Opening at % to % lower, Sep- tember 1.043; to 1.047%, corn held with- in the initial limits. Oats started unchanged to % off, September 4515 to 45%, and later fluc- tuated to only a slight extent. Pro- visions firmer, turn in hog values WHEAT— The Duke of Devonshire has been | Dece living at Lismore Castle, in County Waterford. Though not burned it was badly damaged, and the duke has had it restored. GERMAN SURGEONS ROW OVER MEDICAL THEORIES Prof. Bier’s Praise for Homeopathy Brings Storm of Scathing Com- ment From Colleagues. Correspondence of the Associated Press. BERLIN, July 15.—Prof. August Bier, the eminent Berlin surgeon who performed the operations of the late President Ebert and Hugo Stinnes, has stirred up the allopathic fraternity by not only saying a few kind words for homeopathy, but also publishing his personal successes with the homeo- pathic treatment. At the last meeting of the Medical Society, Prof Bier was subjected to a scathing criticism. One member de- clared: “It is nothing less than un- ethical for Prof. Bler to champion the cause of homeopathy.” Another as- serted, “Homeopathy is wrong because its adherents regard it as a system rather than a science. It is therefore to be condemned as a system.” Prof. Bier, unperturbed, replied to these and other reproaches with the state- ment that this problem could only be solved by means of continuous experi- ments. He declared that after a care- ful study of the works of Samuel nemann, the originator of homeop- athy, he had come to the conclusion that from these text-books the great est wisdom as well as the uttermost nonsense was to be gleaned. Wheelwrights Passing Out. In 1850 there were 1,323 wheel- wrights listed in the census reports of the United States, but at the last census most of these had disappeared in the listing. Strangely enough also, in 1850 there were 949 clergymen for every million population and today the demand for salvation is just about what is was then, there being 912|Ge “sinners” for every preacher. The last census also shows that the de- mand for manicurists, barbers and hairdressers is about as great as that for steel worl NEW YORK DRY GOODS. NEW YORK, August 8 (Special).— Cotton cloths were dull and unchang- ed today, traders awaiting the Gov- ernment cotton report, which did not September December GRAIN AND PROVISIONS. BALTIMORE, August 8 (Special).— New potatoes. barrel, 8.50; culls, : bushel, 75a2.10; bushe 60; beets, 100, 1.00a3.00; sweet potatoes, barrel, 2.50a7.50; )flms 5.50a 6.50; carrots, 100, 2.00a4.00; cabbage, 100, 3.0086.00. Celery, crate, 2.50a3.50: corn, dozen, 10a25; cucumbers, basket, 15a25; egg- plants, basket, 65a8 onions, bushel, 2.00a2.50; lettuce, crate, 1.00a2.25: lima beans, bushel, 2.00a2.50; squash, basket, 15a25; tomatoes, hampers, 354 ples, barrel, 1.00a3.50; bushel, a1.50; huekleberries, quart, ches, bushel, 1.00a2.50; black- {::rlns. quart, 12a16; cantaloupes, basket, 35a60; watermelons, each, 10a 60 50 15a22; DAIRY PRODUCTS. BALTIMORE, August 8 (Special).— Spring_chickens, pound, 24a34; Leg- horns, 22a28; old hens, 20a27; Leghorns, 20a22) roosters, 15a16; ducks, 20a25 old ducks, 15a20; pigeons, pair, 25a30. Eggs—Receipts, cases; natives and nearby firsts, dozen, offered at 32a33. Butter—Good to fancy creamery, pound, 40a46; prints, 46a48; ladles, $4a. 35; store packed, 31a32; dairy prints, 32a34; rolls, 32a34; process butter, 363 a37%. BAR SILVER QUOTATIONS, NEW YORK, August 8 (®).—Bar silver, 69%; Mexican dollars, 53%. LONDON, August 8 (#).—Bar sil- 24 per ounce. Money, 31 per Discount _rates—Short _ bills, 37%a4 per cent; three-month bills, 4a 41-16 per cent. GERMAN BONDS AND STOCKS. ted in dollars per million marks.) Ger%mm 1) Be 1014718 42600 500.00 s 1019, ... 100.0 mm’ido 1 48 DI v : Faniciort a-M s pre-war 48 pre-war.... come out until after business hours. Raw silk was quiet and unchanged. DIVIDENDS. od. Rate. Per X bn{:-t i FY 1% guonm Gellschatt. n-?gr Bank Darmstaedter B: Mercur Bm'i Vienna. CRUDE OIL PRICE DROP. SHREVEPORT, La., August 8 (®). —Effective yesterday, the Standard 0il Co. of Louisiana reduced the e on Bellevue, crude from $1.90 to 5 a barrel. There were no other changes. BADDDOPDD RS D5 $3333383333223: influenced by an up-| 1AL, EXPLAING BUYING OF W.R.E. COMMON Shares Sought by Boston Public Utiiity Holding Com- pany, Is Statement. BY CHAS. P. SHAEFFER. Recent buying of Washington Rail- way and Electric common stock, which has caused an upheaval of 29 points in the last 5 days, was ex- plained thie morning in confidential advices from Boston, which asserted the shares were being accumulated by a public utility holding company of that city. The advice, transmitted through a thoroughly reliable source, was not able to state the probable number of shares which were to be accumulated, but inferred that only a relatively small allotment was to be corralled. Present holdings of this new com- pany now aggregate 500 shares, some .of which were purchased at private sales and the remainder over the ‘Washington Stock Exchange Board. Motive for the purchasing could not be learned, but i{s held to be of little significance, due to the tremen- dous amount of stock which would be necessary to have even a sm: vaice In the governing affairs of th company. . Regarded as Mere Flurry. Local traders interested in the af- fairs of the utility company were more or less prone to <reating the advent of the new purchaser lightly, openly declaring the present move- ment is just a flurry and would soon run its course. Certain it is, however, that Wash- ington investors are not buyers of the issue at present prices, and that loca), traders, With one or two exceptions$ are as much in the dark as the gen: eral public. As for the reasons for the Boston accumulation, these trad- ers also are at sea. “Bid” and “Asked” Prices. The following latest “bid” and “asked” prices for local securities are printed for the guidance of holders of these issues: BONDS. Army & Navy Club bs Cosmos Club. 434s Commercial Club- 1sf 56 Metropolitan Club 4%s. < o it 1 Apacostia Bank ankin 1d.". v Bank. wery. Ins. Co. . Frankiin_Nationai Bank Muasey Trust Co. North Caitol Savirigs JBank. ank ¥ m o ©OpmrBEn e Ll 53083255855 RS0 ai & Lanadon | 53 PRESERVATION OF ART AIM OF TRIP TO U. S. Duke of Trevise Coming Here to Seek Aid in Caring for French Treasures. ‘Woodr'ge ]t, Correspondence of the Associated Press. PARIS, July 21.—The Duke of Trevise, who has been active in ex- posing art fakes and the prosecution of art thefts, is seeking American help to preserve the art and history of France. The duke has interested the gov- ernment and the public in his work and has won the government's ap- proval to make a tour of the prin- cipal cities of the United States in | November and December to speak on the work of the Safeguard of French { Art Soclety, of which he is president |~ He intends to show by photographs |and screen pictures just how the art ¢ old may be protected from the de- ay of age. — OIL SHIPMENT TO EAST IS 15,000,000 BARRELS 11,250,000 Went to Japanese Navy in First Six Months of Year. Figures Show. By the Assoeiated Press. SAN PEDRO, Calif., August 8.— | Figures obtained from the port author- !ities here and made public by W. B. Shearer, retired officer of the United States Navy, show that during the first six months of 1925 approxi mately 15,000,000 barrels of oil were shipped to the Far East from this point, of whih 11,250,000 barrels went to the Japanese navy. The figures indicated that imperial Japanese navy tankers carried from San Pedro in the perfod between Jan- uary 1 and July 1 cargoes of ofl that equaled one-third of the aggregate shipments of oil to all points for the entire four years of 1921, 1922, 1828 and 1924. The compilations furnished by the {port authorities did not include oll taken aboard by forelgn ships for bunker purposes or carried in their ballast tanks in lieu of water. The total amount of ofl shipped from San Pedro during the first six months of 1925, as given in the offictal figures, was 59,626,684 barrels. CHICAGO STOCK MARKET. CHICAGO, August 8.—Following is a report of today’s sales, high, low and closing quotations at the Chicago Stock Exchange: Salex. - 1880 Al Amer Rad. i High, .28 Close x iRt 2538 s 00 20 Olympic Games First Vacations. The Olympic games are given cred- it for having been the origin of the vacation period now so universal throughout the world. Excursions to these games in Greece started the outing habit, it is said. The period was set by the Junar calendar, com- ing usually following the first full moon after June 21, every four years. It was usually necessary for the Greeks to travel some little distance to witness the games. From this habit the Summer vacation custom is sald to have started and spread stead- ily over the world. After meeting with a riding acci- dent which rendered her totally blind, the Countess C'zacka, member of one rice (of the oldest and noblest houses in Poland, has founded a Catholic sis | terhood unhuivaly for blind wo-n:' "