Evening Star Newspaper, August 18, 1925, Page 20

FINANCIAL. uils Have Market in Tow, Forcing Up Rails and Industrials. BY STUART P. WEST. 1 Dispatch to The Star. NEW YORK, August 18.—The bulls 1 things pretty much their own w the Stock Exchange again today. ; stocke ran up sharply, with nu- s new high records in the indus- i1 and railway sections. What wkness developed was confined sty to the ofl group and to a few lustrials the type of Chandler tors and Cuban-American Sugar. fit' taking resulted in recessions in veral of the recent favorites, but wse losses were more than offset by resh strength in other directions. Rails in Demand. ils continued in demand, the f them at higher prices. The l\ \\ll ch g heir previous ast Line, Ann was especlally strong; Kunsas and Texas pre- orfolk and Western, which was nfluenced by stories regarding buyving i the account of the Pennsylvania; reat Northern preferred, New Haven, ich was very active; Missouri Pa- ref ed and Kan: City South- v It w aid that the last-named »ad had bought about 3 000 shares Missouri, Kansas and Texas com 1on at an average of $29 @ share. New York Central was very promi- nent, and new buying came into Northern Pacific, B. & O., Lehigh Val Delaware, "kawanna and West- n and po Line issues. Sears-Roebuck and Montgomery- Ward, the former at a new 1925 high, vere In the front ranks of the ad- vance. Both stocks attracted a re- newal of buying on a large scale. It as expected that the forthcoming reports regarding the current busi ness of t ail order concerns would make a particularly good showing. eischman, International Nickel, New York Shipbuilding, White Mo’ s, Allis Chalmers, Postum Cereal, Texas Gulf Sulphur, Atlantic, Gult and West Indies, International Busi- ness Machine, California Packing and Havana tric all bettered their forme Havana Electric was a big feature. Further Oil Reductions. Further oil price reductions in cer- tain sections were attended by fresh s in the oil shares. Midcontinent Petroleum dropped over & point to its f the year. Standard Oil of s down about the same of the petroleum issues The report of the Atlantic Refining was very favorable, but had lirtle ef- fect. Another cut in the Hudson Mo- tor Products had no important bear- ing upon Hudson Motor stocks. Chandler Motors fell back sharply to new bottom figures for the year. Like- wise Cuban-American Sugar sank to its lowe: . There was some selling _in International Harvester, Mack Trucks and Wabash, but this was well absorbed. Mack shot for- ward again as White Motors crossed par. UPWARD MOVE IN MARKET. Stocks in Marked Advance, Seemingly Regardless of Prices. By the Associated Press. NEW YORK, August 18.—Specula- tive actlvity continued. unabated at the opening of today’s Stock market with large blocks of representative lroad issues changing hands at higher prices Prospects for favorable July earn- ings, based on the record-breaking traffic movement and the possibility of an upward revision of freight rates, were dominant factors in the expand. ed buying of the carrier stocks, which lifted several southern and south- western fssues to new top prices for the year. Foreign exchanges opened steady, with Belgium francs moving up 6 points to 4.48% and sterling holding around Realizing sales in such recent strong spots as Mack Trucks, General Slectric, International Harvester and | Westi rake, which fell 115 to . temporarily checked but fa halt the upward mo ment sections of the Call money renewed at 4 per cent. Disregard Prices. Various stocks were wanted seem- ingly regardless of price, Mack Trucks soaring to 2371 after being down to 227. Sears Roebuck jumped to 199 and Havana Electric to 2013; all these being new maximum figures for the vear. Active bidding also | arose for White Motor, Bosch Mag- ewart Warner, New York Can- Montgomery Ward, Midland ducts preferred and R. H. vhich ruled 3 to 4 points closing was strong. Motor and were buovant in the | 1ding. Plerce-Arrow preferred soared 14 points and in gains of 3% to 5 polnts row common 4 - Motor, Fisher General Electric, Pittsburgh and West Vir- r Reduct Arbor and ctive and higher. F s steady nes re- cover. Coton barly bearish private vl"IJ report i feature- her; trade buying. idation. &HIU steac decreas- Cattle, weak; limited de- mand. Hogs, lowey; big packers inac- tive SUGAR FUTURES HIGHER. V YORK, August 18.—The raw cet was firm early today. eported that sales had been to local refiners at 4.36 duty sugar futures today opened 4 points higher to 2 lower, with old crop positions higher on covering and trade buying, and late months lower under liquidition. The firmness of the spot market and reports of in- crea export business in refined had favorable influence, however, and midday prices were unchanged to 2 points net higher. No changes occurred in reflned prices, which ranged from 5.35 to 5.50 for fine granulated. Withdrawals on old contracts were again of liberal roportions but new business was ight. [ES— FLOUR 10 CENTS HIGHER. MINNEAPOLIS, August 18—Flour unchanged to 10 higher at 8.75a8.95 a barrel; shipments, 42,880 barrels. Bran, 25 Wheat, No. 1 northern, 1.665al.58%; September. 1.54%: De- cember, 1.55%; May, 1.57%. Corn, No. Oats, No. 3, THE EVENING STAR, WASHINGTON, D. C, TUESDAY, AUGUST 18, 1925. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office Adv Rumley. ... Ahumada (}1).. Air Reduc (4) Ajax Rubber. Alaska Juneau. . Allled Chem (4). Allled Cm p£(7). Allls Chalm (8). Am Agricul Chm Am Ag Chm pf.. Am Beet Sug(4). Am Bosch Am Brk Shoe(5) . Am Can (17). Am Can pf (7). . Am Car&Fdy (6) Am Chaln A (2). Am Drug (60c) Am Express (6). Am & For Pow. . Am&F Ppf (1), Am Hide & L pf. Am Ice (7). Am Internatl. .. Am La Fran (1). Am Linseed Am Linsd pf 335 Am Loco (18).. Am Metal (3)... Am Safety R (3) Am S & Ref (6). AmS &R pf (7). Am Stl Fdys (8). Am Sugar...... Am Sumatra, Ary Tel&Tel (9 Am Tobaceo (1) Am Toba B (7).. Am Tobac pf (6) Am Typ Fdrs(8) Am WW&EI 1.20 Am Woolen Am Wool pf (7). Am Zine. . Anaconda (8). Ann Arbor...... Ann Arbor pf. .. Archer-Danfels . Armour Il A(2). Arn Cons&Co Artloom Corpn. . Asso Dry G(2%) Asso OIl (2). Atchison (7).... Atchison pf (5). Atl Birm & At... Atlantle C L(18) AUGUIf&WI.. Atl Gulf & WI pt Atlantic Refing.. Austin-Nichols. . Baldwin L (7).. Balto & Ohto(5), Bal & Oh pf (4). Bang & Ar (3) Barnsdall A. . Barnsdall B..... Bayuk Cigar. ... Beech Nut(2.40). Belding Bros . Bethlehem S . Booth Fisheries. Botany A (4)... Briggs Mfg(3%) Bkl Edison (8).. Bki-Man Tran... Bk-Man T pf(6). Bkl Unfon G(4). Brown Shoe (4) . Brunswick-Balk. Burns Bro (10). Burns Br B (2) .. Bur Add Ma (3). Bush Ter de (7). Butte Cop (50¢). Butte & Sup (1). Butterick....... Cal Packing (6). Cal Pete (2)..... Callahan Zinc. .. Calu& A (1234). Calu & Hec (50c) Can Pacific (10) . Case Threshing. Case Thresh pf.. Cent Leather. ... Cent Leather pf. Cen RROfNJ 12. Century Rib (2). Cerro d Pasco(4) Certain-Teed (4) Chandler (3)..., Chees&Ohio (4). Chi& Alton..... Chi & Alton p: Chi & East Ill pt. Chi Great West. Chi Gr West pf.. Chi Mil & StP.. . Chi Mil & StP pt Chi & Nwn (4) Chi Pneu T (5).. ChiRI& Pac. CRI&PDL (6). CRI&PpRI(T). ChiStPM&O.. C StPM&ODL(5). Childs (12.40)... Chile Cop (2%). Chrysler Corpn. Cluett Peab (5). Coca-Cola (7) ... Col Fue! & Iron. Colo Southern. .. Col G & E (2.60). Col Carbon (4).. Com Inv (2.50) Congoleum (2).. Consol Cigar. .. . “onsol Distribut nsol Gas (5).. Consol Textile. Cont Can (4) Cont Insur (6) Cont Mot (80c).. Corn Prod (2)... Coty Inc. 2 Crucible St (4). Cuban Cane Su.. Cub Cane Su pt.. Cub Am Sug (3). Cuban Domin. Cudahy Pkg (7). Cushman's (3).. Danfel Boone. Davison Chem Del & Hud (9) Del L & Wn (17) DRGWstpf... Detroit Ed (8).. Dodge Bros Cl A { Dodge pt (7). ... Dome Mines (2). Doug Pectin (1). Dul S S & Atl pf. Dupont (10). DuPont deb (6) . Durham Hose. .. Duquesne pt (7). Mastman (18) Eaton Axle (2).. Elec Powr & Lt. EIP&LPL(7).. Eiec Str Bat (4). Emmerson B pf. End John (5) . Zndicott pf ( ) Erie RR Erle 1st pf Erfe2d pf.... Fairbks (2.60) Famous P1 (8).. Feder Lt (11.40) Fid Phoenix (6). Fisher Body (5). Fisk Rubber.... Fleischmann (4) Foundation (8).. Frank-Si pf (7). Freeport-Texas. Gabriel Snubber. Gardner Motor. . Gen Am Tnk (2). Gen ATC pf (7). Gen Asphait. ... Gen Asph pf (5). Gen Baking (8). en Cigar (8)... Gen Electrle (8). Gen El spec 60c. Gen Motors (6). Gen Mot pf (7). . Gen Outdr AdV. . Gen Outdr Ad A. Gen Petrm (2)... Gen Ry Slg (6).. Gimbel Bros.... Ginter (138).... Glidden Co Gold Dust...... Goodrich Ru (4). Goodyear pf (7). Goodyr pr pf (8). Granby Consol. . Grt North pf (5) Gt Nox Ore (1).. Grt Wstn Su (8). Gulf Mo & Nor... GuM& N pf (6). Gult States S (5) white, $634a36%. Flax, No, 1, 2.54% 825736 . Havena Eleo (6) He) 63 W (13140 Open. High. 15% 154 10% 10% 109% 113% 1% 124 1% 1% 934 95% 1214 1214 88% 887 21% 21% 64% 654 37 87 814 834 19 119 241 242% 121% 121% 106 107 28% 23% 5% bk 184 135% 43% 44 904 90% 62 62 116% 1164 85 86% 12% 184 344 3414 80% 81 114 116% 49% 504 631 634 107% 108% 111% 111% 39 39% 64% 65 1% 11% - 1404 1408 97% 9Tl 9Th 97% 106% 106% 116% 116% 61 6lk 394 40% 87 8 42% 42 59 364% 224 104 441y 50 189% 1897 BoY b8 52 62% 100 100 2T 2% 116 11T% 81% 82 65% 657 4 45 20 20% 16% 16% 394 89% 701 1 3885 38% 1% 41% [ 43% 43% 864 864 188 138 50% 61% 79% 9% 8715 87 115% 116% 28 2815 - 104% 1047 24% 24% 95 95 bt 4 10% 19 114% 11935 27% 2T% 2% 2n 50% 50% 16% 15% 146 148 4T 4T% 854 854 18% 18% 61 62 808 305 82% 83% 652% bB3% 53% b3% 204 29% 104% 104% 6 6 1% 11% 4T 48 12% 13% 274 28% 8 8% 4% 14% 69%; 69% 109 112 49% 50% 854 86% 96% 97 46% 46% 97% 9T 57% bTW 844 84w . 115% 117 60 60 1424 143% 40t 40% 61 61 4 T4 454 454 62 238% 87% 4% 895 34 76% 6 [ 118% 118% 9 Sdks 49 70% 9% 45% 28% 9% 8414 49 T 10 46 3% 168 8) 8 822 82 11% 1% 92% 93 1124 1124 2% 28% 47% 48 467% 4676 299% 299% 56% 45 22% 41% b8% 104 108 1% 6% 27 98% 31% 974 824 195 42 B5%. 1044 108 17% 76% 27 98% 32 97% 82% 203 L 42% Low. Close. 16% 154 10% 10% 109 112% 1 12% 1% 1% 934 93% 121% 121% 86 86% 21% 21% 644 6434 87 874 81% 119 239% 52 99 27 115 814 654 1134 9Y% 83% 49 70 9% 45% 22% 34 96 76 1% 454 150 144 42% 129 297% 56% 45 20% 41% 68 108% 107% 17% 75 21 98 31% o7 . 97 82% 82% 195 200% 4% 42 57 21% 41% 65 104% 107% 17% 75%. 27 98 31% Open. High. Low. 69 71 69 45 45 45 41% 41N 41% 6% 63% 62 21% 21% 21% 32% 82% 3824 61% 62% 61% 1% 18 1% 1174 117% 117% 17 117 261 26% 8 8 7 260% 4l 264 14% 130% 66% 4814 % 12214 118% 8 284 Helm G W (8). Hoe & Co A (4) Household P (3) Houston Ofl Howe Sound Co Hudson Mn (214) Hudson Mot - Hupp Mot (1). Tllinofs Cen r'l) 111 Cent pt (6). Indep Oil (1). Indian Refining. Indian Refg etfs. *Ingersoll R(8). Inland St (234).. Interub Rap Tr Internat Agri. .. Int Bus Mac (8). Int Cement (4). . Int Com Eng (2) Internat Har (5) Inter Har pf (7). Int Mer Marine Int Mer Mar pt Int Nickel. .. Inter Nick pf(6) Int F Intl Paper pf (7) Int Shoe pf (8).. Int Tel & Tel (6) Jewel Tea...... Jones Bros Tea. Jordan Mot (3).. KCP & L 1st (7). Kan City South pf(4). (Julius). Spring. ... Kelly-Spring pf. Kennecott (3)... 7 285 41% 26% 14% 132% ey pE.(8) S8 (8).. Dep S (4) Lee Tre & Rub. ., Lehigh Val (33%) Liggett & M (14) Lig & My B (14). Lima Loco (4).. Loews Ine (2 Loose-Wiles Lorillard (3). Louisiana Oll. .. Louisville Gas A McCro B (1.60) Mclntyre P €1). Mack Trucks (6) 2 Mack Tris 1st pd Macy HR & Co.. agma C néc) Manatt (5)... Man E Man-Elev gtd Man Emd g (5). Maniia 2 Maracaibo Oil. . . Market St prior. Marland O (75¢) Rock (1).. Martin-Parry(2) | Mathieson Alka. May Dept St (5). Metro G pf(1,89) Metro Ed pf (7). Mexican Seabd. . Miami Cop (1).. Mid-Continent. . Middle States. .. Midland P pf (19 Mian & St Louts. MinStP & MStP& Mis Kan MK&T pf (5). Missour! Pacific. ouri Pac pf. t Power (4). Moon ot Moti Motor Whe(1.60) Munsingwr (3).. Murray B (2.40) Nash Mot (+16). Nat Acme (sta). Nat Biscuit (3). Nat Cloak (4). Nat Dairy (3) Nat Dpt Stor. Nat D St 1st ( Nat Distiller Nat Distillers pf Nat Lead (8) Nat Lead pf Nevada Copper. . N Y Air Br (4).. NY AirBrA (4) N Y Canners (2) N Y Central (T) N ¥ Dock....... N YN H & Hart. N Y On&Wn (1). NY Rys part cfs. N Y Shipbld (2). Norf & West (7) North Am (3.40) North Am pf (3) North Pac (5) Oppenheim (3).. Onyx Hostery. .. Orpheum (1.80). Pacific 011 (3) Packard (11.70 Paige Mot(1.20). Pan-Amer (6)... Pan-Amer B (6). Pan-Amer rts. .. Park & Tilford.. Penick & Ford. .. Pennsy RR (3). Penn Seab Steel. Peoples Gas (8). Peoria & East... Pere Marg (4) Pere Marq ct: Pere Mar pf (5). Phla Co (4). Phila&RC&I. Philps Jones (2). Phillip Morris Phillips Pet (2). Plerce-Arrow. .. Pierce-Arrow pf. Pierce-A prior 8. Plerce Oil... Pierce Petrol.. Pitts Term Ce Pitts Ut pf 11.20. Pitts & West Va. Postum Cer (4). 20% 61 62 3 30% 20% 4% 1% 116% 19% 72% 74 30% 80 165 155 5% 35% 1418 727 1245 Pub Ser N.J.(5). Pub S NJ pf (7). | Pub Se E&G nf 6. Pullman Co (8).. Punta Aleg Sug. Pure Oil (1%).. Radio Corp of A. Ry Sti Spg (8).. Ray Cons Cop... Reading (4) Reading rts. Reading 1st (2). Reid Ice Cream. . tobt Rels & Co. . Remington Type 141 34% 26 57% 129 14% £914 16% 40 46 22'% 80% Reynolds Sprngs Rey Tob B (8).. Rey Tob pf (7). . Royal Deh 1.73% St Joseph Ld (2) StL & San F (5) St L Seuthwest. Savage Arms. .. Schuite (*8).... Seaboard Air L. Seabd Alr L pf. Seagrave (1.20). Sears-Rebk (6). Shattuck F G(2) Shell Trans 2.16% Shell Un (1.40)... Simmons Co (2). 844% 121% 121% 49% 41% 95% 51% 60% 104 354 4414 14% 194% 86 41 22% 487% 121% 49% Al 95% 51% 60% 104 854 45% 144 200 86 a1 224 49% 86% 41% 22% 49% | Sinelair o1l 20% 19% 24% 100% SImms Pet (1).. %9'/. 23% 99 85% 100% 102 20% 164 83% 30% 5614 5du 1% 51% 19% 19 28% 99 88 100% 102 91% 16% 83% 30% 56% b4k 1% 52% 39% Skelly Oil, Sloss-Sheft ( South Port S (6) 85 88 South Pae (6)... 101 101% Southern Ry(5). 1026 102% South Ry pf (5). 90% 91% Spear & Co. . 16% 16% Spear&Copf(7).. 83% 83% Spicer Mfg...... 81% 31% Std Gas & E1(3). 56% 56% Std GEELpf (4). 544 bik StdGas&Erts.. 1% 1% St Oil Calif (2).. 52% StOINJI(1)... 89% 394 StCUINJ pf (7),118 _ lu 117% 317% | dividends are not N | United Drug (7). | Wabash pf A (5) RAILWAY ISSUES UP | Cox-wew vors_BONDS srocx excamv] dved by Private Wire Direct to The Star Office. INBOND DEALINGS Chief Activity Seen in Spec- ulative Types Which Lead in Market Interest. BY GEORGE T. HUGHES. Special Dispateh to The Star. IW YORK, August 18.—Rallway ies of the speculative type fur- nished the chiet activity in the bond trading today. Among the leaders were Chicago, Terre Haute and South- istern incomes up at one time ap- proximately a point; International ireat Northern adjustments, at their best, up over a point, and Missouri, Kansas, Te: adjustments, which were in demand around their best re- cent prices, In sympathy with the stock. Other Features Listed. Other features were Delaware and Hudson convertible 5s and Denver and Rrio Grande Western 6s. Buying of the first-named, which must have been based on its conversion privilege, pre- ceded buying of Delaware and Hudson stock on’the exchange, which is some- unusual. The Denver and Rio ide Western issue at 62 was at a new high on this movement. Seaboard Alr Line adjustments were firm, but the St. Louis-San Francisco junior liens appeared to have come to & rest- ing point for the present. There was a_good deal of irregu- lari mong the industrials, but in | the main prices were well sustained Virgjnia-Carolina Chemical Tl%s with warrants were up a point and Kelly- Springfield 8s tov par against Monday's price of The bonds of the sugar-producing companies dragged along without much change. The sugar companies in such strong financial position that their onds are to be affected by the low pi of raw sugar. Slight Change in 0il Bonds. The oil honds, too, were changed, although stocks d in d s terized the hig selling in anticipation of higher money apr ‘ed to have been completed, n group was without im- Poland $s and Mon- s were up and there was a sudden * development of interest in Mexican issues, which at one time vanced the price rather sharply. The most important new offering was $5,000,000 in North American ment Corpor on 6% per cent debentures, to yield about 6.66 per cent. CEMENT FIRMS MERGED. $12,000,000 Corporation Takes in Hagerstown, Md., Plant. NEW YORK, August 18 (P).— Merger of the Security Cement and Lime Co., with plants at Hagerstown, Md., and Beckly, W. Va., and .the Helderberg Cement Co., with a_plant at Howe Cave, near Alban: 2o through the formation of a new cor- tion to be known as the North ican Cement Corporation, with of over $12,000,000, was an nced here last night. ederick W. Kel xecutive head of the Helderberg Co. will be president and Loring A. Cove: for 15 years president of the Securi Cement and_Lime Co., will be vice president. Nicholas F. Brady and Robert C. Pruyn are on the board of directors. little con- portant tevideo for 25 years Argentme Crop: Normal. rgentine crop conditions are above except flax, which is slightly normal, according to a cable- m received by the United States | Department of Agriculture from the International Institute of Agriculture. Crop conditions in percentage of nor- I are reported as follows: Wheat, 103; flax, 99: oats, 102; barley, 101} Winter rye, 104. Wheat and flax seed- ing is completed in the northern dis- tricts and is well forward in the east- ern sectlons of the couniry. Prepara- tion of the land for corn is making rapid progress and some planting has 6% 69%4 6974 45% 6% 3% ™ 14% 20% 114% 474 114% 12 531 314 43 90 102% 4 60% d Plate Glass. ew-Warner(5) romberg (6).. baker (4).. rine Boat. 6% 67% 6874 6% 45 6 3 % Symington. Symington A(2). Tenn Copper (1). exas Co (3).... Tex Gulf S (T%) Tex & Pac C & 0. Tex & Pacific. .. Tide Water Oil.. Timken R B (14) Tobac Prod (6).. Tob Prod A (7).. Transcont Oil Twin City (4). Underwood (3).. Un Bag & Paper. Union Ol (1.30). n Pacific (10).. Un Tk Carpf(7). td Alloy Steel td Cizar (13%) 20% s 89% 4 60% 47 47% 334 143 116% 29% 80% 128 54% 226 163 3214 41% £6 136% 564 104% 89% 1224 124% 35% 79 9935 32% 29 2% 1% 10% 14% 42% 2% 15 67% 213% a8% 68 9% 110% 16 24% 28% 77 132 134 8% 85 19% 26 22 44% 25% 98% 45% 815 18% 18% 108% 104 166% 1674 37% 37% 25% 254 65 ° 65 424 43% 2% 2% rtl, t: able in stock, Dividesd Tatce: as given it the sbove "tants the' anpual ‘e fatest quarterly ‘or Bal nuumm Uniess otherwise noted. extras woecial UtdDrug 18t 3%. Utd Fruit (10).. U S Cast Iron P. U S Distributing U S Hoff (2).... U S Ind Alcohol. U S Realty (8).. U S Rubber..,.. U S Rub 1st (8). U S Smelting(3) . U S Steel (17). U S Steelpf (7) Universal Pipe Univer P pf (7). Utah Copper (4). Util P&L A (2).. Vanadium (2). Va-Caro Chem. Va Caro Chem B. Va-Caro Chpf... 10% 14% 43% 3% 15 681y 21% 49 10% 14% 43 2% 16% 68 214 48% 68 98 110% 16 24% 29 TT% 132 134% 8% 85 19% 26 22 45 26 104 45% % 14% 44 3% 15% 687 21% 494 68 98 110% 16% 24% 29% % 132% 139% 79% 85 20% 26% 22% 45 26 104% 47 8% 19% 104% 168 88 26% 65 48% T8% Waldorf (13%)... Ward Baking B ‘Warner Pictures Warren Co (4). Weber (4)... 58 West Pen pf (7). 97% West Elec pf(7). 110% West Maryland. 16% West Md 2d pf.. 24% Westn Pac (5a). 29% Wesn Pac pf(6a) T7% West Union (7). 182% West Air Br (6). 189% Westinghs (4).. 78% ‘Westhse 1st (4). 85 Weston Elec.... 204 Weston A (2) 26 ‘Wheel & L Erie.. 22% Wheel & LEpf.. 44% White Eagle (2). 25% White Mot (4).. 99% White Rock (12) 47 Wickwirectfs... 8% Willys-Overld... 18% Willys-0d pf(7). 104% Woolworth (3).. 168 Worthn Pump... 37% Wright Aero(1). 254 Yale & Towns 65 Yellow C (2. 424 Youngstown'(4). 784 *0dd lot. UNITED are Lib3ts... 220 I Lib 1st4%s 6 1 Lib2d 4%s. 177 1 Lib 3d 4%s. 1567 1 Lib 4th 44¢ 681 1 US4s1944. 65 1 UB4%s'62 75 1 FORI Argentine 6559 Argentine 63 A Argentine 6sB Argentine 7s Aus govt 58’55 Austria 7 Bank of Belgium 6s. .. Belgium 6%s wi Belgium 734 Belgium 8s Bolivia 8s. Brazil 7s. Brazil 8s. Sanada 681926 Canada 5s 1952 Canada 6%s 1929, Chile 7s 1943 Chile 8s 1926 Chile 85 1941 Chile 83 1946 Christiania 6s. ... Con Pow Japan 7s. Cuba 5%s Czecho 88 1951. .. Czecho 85 1952 ct. . Danish Munic8sA. Denmark 6s. Denmark 8. DEI5%s Mch 's3. DEIG%s Nov’53. Dutch East T 6s'47. Dutch East I 6s Ivador 8s "4 Framerican 7% French 7s. French T4s. French German 7s..... Ger Gen Elec 7 Hait!6s...... Hungary 6% s Japanese ds. Japanese 634 Jergens UM 6547, Mexico 4516 asnta Mexico 55 assented Montevideo 7s. ... etherlands 6s '54. etherlands 6s '72. Nord 6%s... orway 5% s wi. .. orway 68 1943 . orway 6s 1944 . orway 6s 1952. Norway 8s.... Orient Dev deb 6s. Paris-Ly’s-Med 6s Paris-Ly’s-Med Ts. Paris Orleans Ts Peru 8s. Poland 6 Poland 8550 wi Prague 744s. . ... Rio de Jan 851348, Rio de Jan 8s 1947, Sao Paulo State 8s. Stof S Paulo rets. . Seine Dept cf 7s. Serbs Crot Sio 8s.. Sotssons 68 Sweden 53 sct Tokio 5s. . - Ud Kingm 5% '29. Ud Kingm 5\,.5':7 Zurich 8s. S 88 .24 ST, in §1§ 00 28 0130 01 15 0115 02 7 0222 102 06 10 108 EIGN. sal 3 95% 7 96% 63 95% 23 1024 63 99% 11 98% 15 99 11 86 38 924 2 108% 13 107 20 96% 4 824 18 98 2 100% 100 101 100 101 102 39 102 ¥ 1024 3 101 2 102% 3 109 81110 6 98 3 90 25 1014 3 1004 6 994 1109 1 108 120 110% 2 100% 2 100% 44 104% .102 964 53 9344 25 964 11 93% 2. 83% 93 1104 4 84 10 20% 45 334 3 95% 11 1034 13 108 3 81% 74 94% 5 100% 10 100% 16 101% 3 110% 2 86 28 79 3 B4% 6 Bils 2 100% 3 fiM 87 6 9314 18 94% 18 92% 2 101% 22 99% 22 88 83 88% 854 1 108% TES. 00.) Sales. High. Low. Close, 25 100 28 25 10130 28 100 30 12 10115 2 1026 20 10222 9 1069 High, Low, Close. 96% 964 96% 102% 9% 98% 99 86 92 96% 964 95% 102% 9914 8% 99 g6 92 108% 107 95 824 97% 100% 101% 102% 101 102% 9 109 4 110 93 90 101% 4 100% 9944 109 108 110% 100% 1084 MISCELLANEOUS. Ajax Rubber 8s.... Am Agr Chem T%s Am Chain ef 6s°33. Am Smit & R 1st 5s AmSmit&Rs... Am Sugref§s..... AmT& Tcltrds.. AmT& Tel tr§s.. AmT&Tst5s. AmT & T deb5%s. Am Water Wks 5s. Am Writ Paper 6s. Anaconda 1st 6: Anaconda ev d Andes Cop .«rcu Armour & Co 4%8. Armour Del 5%s. . Associated Ofl 6s. . Bell Tel Pa 8. Beth Steel pm 58 Beth Steel rf 5s.. teel 5%s " Beth Steel s £ 6s Bklyn Ed gen 5s... Brooklyn Union 5s. Cen Leth 6545 cfs Chile Copper 6s. Commonwth P 6s. . Con Coal Md 15t &s. Con G NY 5%s wi. Cuba Canecv 7s. .. Cuba Canecvd8s. Cuban Am Sug 8s. Denver Gas 5. Dery (D G) Ts. Det Edison 55'40. . Det Edison ret 6 2 98% 9 103% 6 9Rly 8 984 2 107% 103 96% 16 5 101% © F3 moampRaBerBecanana Dodge wi 66. 5 Dug L & P 5%s°49. Empire G & F T%s. Gen Elec deb Gs. . Goodrich 6%s. . ... Goodyear 85 1931.. Goodyear 85 1941.. Hershey 5%s wi Humble O & RG Illinois Bell 1st 68 Indiana Steel 55. .. Int Mer Marine 8. Inter Paper 8s. KCP&Lt5sA'S3. Kan G & E16s°52.. Kelly-Spring 8s. .. Lackawa § 58 '50. . Lacl G re.58'34... Laclede G 5% '52. Liggett & Myers 53 Lorillard (P) 5s... Lorillard (P) 7s... Loulsv G & E 55’52 Manati Sug st 7%s. M1d-Con 63%s ‘40. Midvale Steel 55 Montana Pow 58 N Y Ed 5344 wi N Y Eden 15t 6% N Y Tel 65°41. N Y Tel 65749 North Am Ed 63 North Am Ed 635, Nor States Pow 58 Otis Steel T4s. Otis Steel §s. Pacific Gas & El 55, Pac T & T 1st 68 PacT & T 5s8°52... Pan-Amer Pete 65 Pan-Amer Pete Ts. Peoples Gas bs Phila Co 5%s'38... Phila Coref 6s A.. Plerce-Arrow 85 Public Service 8s. . P Serv Gas 5% '64. Sharon St1H S8 Stnelair Ol 6: Sinclair O11 6%s Sinclair 0117 SinCOPL6s'28. Sin Pipe Line 63 Skelly Oil 8%s South Bell Tel 5 Southwest Bell 5 Tenn Elec Pow 6 Toledo Edn 1st 78 United Drug 6s. U S Rub 18t b U S Rubber 7%s. USSteelsf 58 Utah Pow & Lt 58 Va-Car Chem 7s. Va-Car Ch7 3, Warner Sug West Elec 5s. ‘Westn Union 6%s Westinghouse 7. . Willys-Ov 63%5°33. ‘Wilson & Co cv 6s. Winchester A 7% Youngstn S& T RAIL Atchison gen 4s Atlantie CL el 4 Atlantic C L 1st AtlanCL 4% - 15 104% 10448 107% 1054% 110% 120% 984 100% 100% 101% 88% 96 99% 101% 1004 98% 100% 99% 100 96% 116 98 100% 981 90 99% 1004 118% 106% 109% 100% 103% 95% 1004 104% 96 100% 97% 106 105% 98% 98 104 105% 98% 102% 106 106% 87% 92 100% 858, 1094% 101% 100% 9814 1034 981y 9BY 1074 102% 9644 1014% 984 102% 102% 1 109 104% 89 107 105% 9474 100 78% 924 100% 111% 106% 101% 70% 101% 100% ROAD. 89 ll 864% 14 91 9134 S7% 10 92% 14 90% 11 100% 10 103% 4102 19 97 2 70%, 100 89 ' 86 9015 91% 87% 9244 90% 100% 103 90% 91% 87% 92% 90% 100% 103 101% 101% | ney. indicate that good wools are.| 96%. 85& Sales. High. Low. Close. BO% BYNM BN 117% 117%_117% 113% 115% 115% 80 79% 79% 101% 101% 1016 102% 102% 102% 87% 87% 8T% 9TH 974 9T 91k 9l 91k 115 114 114 514 61 6l £9% $9% 89% 90% 90% 7515 641 4% 47% 474% 4T 41 Bklyn Manhat 6s. . Canad North 6148 Canad North 7s. . Canad Pac deb 4s. . Centof Ga 535. . Centof Ga 6s.... Central Pacific 48 Ches & O cv 4%s. Ches & O gn 4158 Ches & O cv 5s Chi & Alton 3%s ChiB & Q gn 45 '58. CB& Q-Tldiv 4s. Chi&ETgn5s, Chi Great West 4s. CM&BtPds'25.. CM&StPdbds. .. CM&StPcv 4348, CM&EStPrf 4%s. CM&StPevis CM&StP6s. Chi& NW gn 3%s. Chi& N W 6338, Chi&N W 1s Chi Rys 58. ChiRT&Prf ChiTH& S Ebs. Chi Un Sta 6%s., Chl & W Ind en 4s. C&WIGEY%s'62 CCC&StLbs.. Cleve Term bs. Cleve Term 6% “olo & Sou 413s.. Cuba R R 5s.. Del Hud cv s Del & Hud 5%s. D & Rio G Wt bs. Det United 4 Erfe gen 45 le conv 4s A e conv 48 B e conv 4s D. a E C 5574, Fla W & N 78’4 Gr Trunk sf ab 6s srand Trunk 7 Great North 6 Gr North gen 75 G Mob&N 5% sB Havana ERL&P Hud & Man ref 68 Hud & Man af 58 111 C-C St L&NO 58 Int Rap Tran 5s. .. Int Rap Tr 58 stpd. Int Rap Tran 7s Int & G Nor 1st 65. Int & G Nor aJ 6 Towa Cent 18 Kansas City KansasCity Lehigh Val 5s 2003. Long Island rf 4s. Market § M St P & SS) 4% Mo Pac 58 19 Mo Pacific 6 E Mo Pacific 6s cfs. . New Or Term is NOTex &M in N O Tex & ¢ Y Cent deb 4s. XY Cent r i5s New Havenc d 6s.. ¥ Y Ont W 1st 4s.. N Y Rys 65°65.... NY W & Bos 415 Yorfolk & W cn 4s orfolk & W cv 6s. Northern Pac 4s. .. Northern Pacr i 63 Ore Short L ref 48 Lcn 55 '46. ash 18t rf 4s. vl con 415, . gen 4%s.. Pennsy! gen 5s. Pennsyl b5 '64. Pennsy! 6%s Pennsyl gold 7 ReAd'nK Ken 4',5. W 1st 4s mo G West el 4s. RIArk &L 4%s. s S 4s°* St L IM&S R&G 4 StL&SFpldsA StL&SF 5%sD. StL & S F adj 6s. tL&SF inc tL&SFplésC t LS W con 4s'32. t P& KCShL 435 eabd A L 4s. eabd A L adj 5s. eabd A L con 6s. . Sou Pacific 45'29. . Sou Pacific clt 4s. . Southern Ry gen 4s Southern Ry 1st §s. Third Ave ref 4s, Third Ave adj 5s. Union Pac 1st 4s. Union Pac 4s ‘27 Virginia Ry 1st 5s. Wabash 2d §s Wabash 75 Western Ma 4s. Western Pacific 5. West Shore 1st 4s ‘Wisconsin Cent 4s. GRAIN AND PROVISIONS. BALTIMORE, August 18 (Special).— New potatoes, barrel, 1.75a6.00; culls, 1.24a1.50; bushel, 75a2.00. Beans, bushel, 40a50. Beets, 100, 1.50a2.00. Cabbage, 100, 1.50a3.00. Sweet pota- toes, barrel, 1.25a5.00; yams, barrel, 4.0024.50. Carrots, 100, a3.50. Corn, dozen, 6al10. Celery 1.50a2.50. Cucumbers, basket, basket, 40a50. Lettuce, crate, Lima beans, bushel, 1.00. bushel, 1.50a2.25. Peppers, basket, 30. Omions, bushel, 1.75a2.00. Squash, basket, 10a20. Tomatoes, amper, 2 50; green, 25a30; packing stock, bushel, 50060, Apples, barrel, 1.00a3.50; bushel, 2.00. Peaches, bushel, 1.00a2.50. Dam- sons, basket, 75a90. Cantaloupes, crate, 60a1.00; basket, 25a40. Blackberries, quart, 12a15. Huckleberries, quart, 20a25. Plyms, basket, 30a50. Pears, bushel, 2.00a2.7 Watermelons, each, 10a40. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, do- mestie, 1.61; No, 2 red Winter, gar- |licky, 1.57. Sales—Bag lots of new at_ whart sold at range of 141 to 152 per { bushel. Cargoes on grade—No. 2 red Win- ter garlicky, 1.56%: No. 3, 1.5234; No. 4, 1.4814; No. b, 1.45%. Corn—Cob, new, vellow, spot, 6.25 and 650, nominal, per barrel; track yellow, No. 2, 1.25. No sales. Odts—No. 2 old, 51%; No. 2, new, 49%%; No. 3, old, 50i¢; No. 3, new, 4815 Rye—Nearby, new, 115 and 1.18; No. 2 rye, spot, no quotations. Hay—Receipts, 62 tons. The con- dition of new hay arriving on the lo- cal market has improved to such an extent as to warrant grading. De- mand fair for the better grades of timothy and cholce light clover and clover mixed. Quotations, per ton, today—No. 1 timothy, 21.50; No. 2, 20.00a21.00; No. 3 timothy, 16.00a18.00: No. 1 light clover mixed, 19.00a19.50; No. 1 clover mixed, 18.00a18.50. Straw—No. 1 wheat, 11.00a12.00; No. 1 oat, 12.00a13.00. WOOL TRADE VOLUME FAIR. BOSTON, August 18 (Special).—Raw wool markets today reported a fair volume of sales to mills of both do- mestic and foreign wools. Buyers, however, still are cautious, feeling prices are too high. Some dealers, on the other hand, are inclined to with- draw offerings, their theory being that higher rather than lower prices are to be expected. Early cables from Syd- scarce at the sales there this week, | convertible debenture FINANC IAL. NEW LAW COLLEGE FACULTY FROM D.C. Blachly, Whitney and Lewis Appointed for University of Baltimore Branch. Special Dispatch to The Star, BALTIMORE, August 18.-—Three shingtonians will constitute the Ity on_government of the new Baltimore College of Law, a branch of the University of Baltimore, to be opened here next month, Dr. Frederick Blachly, professor of history at the University of Okla- hom: who is here on a year's leave of absence doing research work, will be in charge of the political science branch, Dr. BEdson Whitney, econo- mist at the Department of Labor, will conduct the department of industrial relations and Dr. Stuart Lewis, an at- torney here with offices in the District National Bank, will head the political theories department. Dr. Maynard A. Clemens, who has been elected chairman of the national bourd, 15 dean of the School of Bu ness Administration of the National University, at Washington and has been identified with a number of educa. tional institutions prior to his pres- ent_connection. The school has been incorporated under the laws of Maryland and will give a full course in law, leading the degrees of LL. B. and LL. M business administration, ba or business administration and political science and to ths degree of A. B. S al teachers 1 t course will be drawn from the l nited & Government rents at ington. ¥ mer Washi teach th v in man, will School of Jc CHICAGO GRAIN MARKET. CHIC August 18 (#).—The at operator began | g of the market | but almost immediately | several prominent Eastern houses started buying, with the result that values opened 1 down to % up and remained within narrow limits. Com- mission houses also were on both sides of the market and this 1so rved to produce irregular but fluctuations, with the pric r very far from the opening fig eptember, wheat opened at December 1.38 to x ¥ 1615% to 1.61% hullnu the first hour September and December dropped more than a point from the opening, but then gained as much as the market steadied. wheat went from 1 to % over the but lost about this~much s Comn followed the course of wheat with considerably fewer offerings and the market hovered around the in- itial figures during the first hour. The opening was a shade down 14 up, with September 1.03 but dropped to 1.03% an hour later. Oats started a shade to % up, with September 39% to this range. Provisions were WHEAT— Open 1.58% easy H 1.03% 1.01 1074 1.05 1127 1105 WALL STREET BRIEFS. By the -Associated Press July net earnin Ol Co. reached $234,000 after charges lepreciation and depletion, 1ount for 1y single month. company completed a gas well in Refugio County, Tex., with a dail flow of 40,000,000 cubic feet. dend of §$1 a share has been | the New York Shipbuild- able September 1 to hold- August 28. The previous on March 10. ers of rec payment was $1 9%, and held near | s of the Houston| the largest | The | W.R. &E. COMMON: EARNINGS SHOWN Returns 4.88 Per Cent:Per Half Year—D. C. Stock Exchange Listings. BY CHAS. P. SHAEFF . Net operating fncome of the ington Railway sctric Co. and subsidiary com erating in the District of hich incluc the Potoms amounted to $52! of 1 1925, ports for the firs ure, after turn is made to pr for the half cruing to com per cent rred stockholder; b4 es § return is w the pres mon shares, s 145. Railway’s Net Income. Vet Income of the Wa Suburba Tennal ton Inter | the cor | 1925 ment « A s comm Stock Exct set by l(n."\ Na mnml a Leader of Con { urplus of $24,043,685 reported by the New York Central Railroad to the Service Commission for is equivalent to a share, compared with or $6.47 a share, in the c g period of 1924, The se s surplus was quar- both the rail in new high . bear are beginning to feel for the ‘top of the market” despite rather disastrous ventures in high-priced industrials as Amerlic Can, Mack Trucks, General Electri and International Telephone, in all nf which “shorts” are reported to have taken large losses. The industrial average is now up about 133 points from the year's low, while average is up above 11 points, percentage gain in each case being about 10 per cent. industrial Rights to purchase a new fssue of | 614 per cent interest-bearing option warrants will be offered to stockhold- ers of the Associated Gas 0. in its plan to acquire a controllin nterest in the Pennsylvania Electric ion. Holde: 4 per cent se nds of 1954 and certificates se- will be given the A. B and C ilege of buyingz one 613 per cent | warrant for each two shares of stock | held August 10 and for each shares of stock into which bonds debentures will be exchangeable. - DAIRY PRODUCTS. BALTIMORE, August 18 (Special).— Live poultry—Young chickens, pound, 1a32; Leghorns, 20a27; old hens, 18a 27; Leghorns, (0ld), 18a20; old roosters, 15a16; ducks, 20a24; old ducks, 14a20; pigeons, pair 25a30; guinet fowl, each, 60a70. Eggs—Receipts, 1,240 cases; native gnd ;;arby firsts, dozen offered at Butter—Good ta fancy creamery, pound, 40a4d; prints, 44ad; ladles, 34a35; store packed, 33; dairy prints 32a34; process butter, 37ads; rolls, 37 a4, NEW YORK, August 18.—Butter, firmer; receipts, 15,322. Creamery, higher than extras, 434ad4; do., ex- tras (92 score), 43; do., firsts (88 to 91), 41%ad2%, Eggs, irregular; rceeipts, 32,010; Pacific coast whites, first to extra firsts, 41a45. Cheese, barely 151,466 pounds. NEW YORK MONEY RATES. NEW YORK, August 18 (#)—Call money steady; high, 4; low, 4; ruling, 4; closing bid, 4; offered at 4%; last loan, 4; call loans agalnst accept- ances, 31; time loans firmer; mixed collateral, 60 to 90 days, 41,ad34; four to six months, 4%a4%; prime com- mercial paper, 4 CRUDE OIL PRICE DROPS. PITTSBURGH, August 18 (#).—An additional reduction of 25 cents a bar- rel-in the price of Pennsylvania crude oil in Buckeye lines, the second in two days, was posted by purchasing agen- cles today. The new price is $3. Other grades, also reduced yesterday, ‘were unchanged. two and steady; receipts, s18, (] the rail | the | nd Electric | (of preferred | MORE SOFT COAL MINED. Week 1,921,000 1924 Period. | Output Last Greater Than in Production of bi :Sm; the last full we Bureau of Mines amounted to 9 100 tons, dur 8,036,000 increases in pr last two mo put to e th | than any since , whil in pre loadings ended A .3 per cen the same { little les ceding ite fields h steady production of mo 000 t DOG LAW PASSED. |Arlington Owners Mu<t Muzzle Tie Canines. Special Dispatch to Th NDON, Va., August ordinance providing that Arlington County be leashed or in an inclosure by the county night. The law, which be tive at once, was enacted as of providing a safeguar dogs. Several per ten in the past m tions have show dogs had rabie Star Mine Rescue Contest Planned The fourth internati first aid and be held by the Springfield, IIL, Secretary Hoover of 28 States. in which coal or metal i produced. to send representativ Red Cross, the National cil and oficers of miners will participate. A number of mine rescue teams from different localities and institu will competa for pri and, als will be awarded to individuals have demonstrated particular herofsm in rescue work during Ia | year. isked governors The United States consumes more than 70 per cent of the world’s rubber production.