Evening Star Newspaper, September 1, 1925, Page 26

» FIN STOCKS IN TUMBLE IN FINAL TRADING Steel Common Drops Two Points and Other Lead- ers Follow. BY STUART P. WEST. Dispateh to The Star YORK. Sepiember 1 ply on the Stock E close today, followir nd more where the wdv tendency predominated. Stee nearly 2 points and like General n Can, Chrysler and In ional Harvester broke from points. et nota e among the group that in the railway Baldwin Locomo- motive, Americon Railway Steel Springs and General Tank Car. There Have been reports recently of more Dbeing taken by the car-making and locomotive-making concer more stress is laid upo tlons that the railroa a, good deal of new coming month and that part of thus raised will be used f: chase of equipment and other was <hare Americ: . W Foundry ta- will be doing financing in ¢ For ctivity The advance in ht out the in- bite the fact to 124 a divide t the I of Colorado and d the price above he first time, was taken in me quarters to mean that the mi nority stock in j of being athered in. The Sco Line shares in some demand. On the other stocks affected the an- Ite strike were and 1 drop shares of at 609, up 80 the last previous tran Liens Active. ere bo August re mery Ward incre over the month those of Sears Roebue aves of other represent- retail trade were at stages these were most > stocks, chain stores fs- - Waoclworth and_department R. H. Macy. Both n Toba made 1d Consolidated alts. sed v d industrials moved e . Woolworth at time w: up 4 points and Brown Shoe over & to a new high. May Department went along with other stocks of Its class, On the other h: American n and TUnited States Cast Iron Pipe broke sharply. Colorado and Southern Jumps. The jump fn Colorado and Southern across 70 was accompanied by what 1y large dealings in this ordinarily quiet stock. Dividend talk would seeni premature. in view of the fact that in the past dividend ac tion has not been taken before De- cember. A move plausible explana- tion would appear to lie in the tend ency in the railroad world generally to gather in minority stock, and Col- orado and Southern has been a4 minor- ity stock since 1908. when the Bur- lington acquired control. Montgomer; Buying of Montg Ward, which carried the stock ove 70 again, was based upon the sales figures for \ugust. These showed an i 4.2 per cent o and of 10.9 per months' period. cent T the elght On the basis of the published net for the first six months, these increases indicate over $9 a share for Montgome: common Back dividends on shares have been reduced to § the two payments, one and one in May of & expectation is that d s common will be inaugurated Winter. next CLOSE IRREGULAR arves Bid Up Briskly st Hour. NEW YORK, September irregular. ere bid up bri but selling was industrial leaders. Ad- ances of % to 414 points in Brown Shoe, Pierce Arrow preferred, New York Shipbuilders. Manhaitan Shirt Chicago Pneumatic Tool con- ith the Amer cvester and Pipe, in 1 to 5 1P iscel- 1y in final re- sumed in the : oints. T 050.000 sh Increased hotives nd for F reme 1 showe 4 points, and c Steel ‘ar and Foun B 8 omot merican points g up ¥ 1 of Atchi- the ular: equip- offerings. Coffes azilian cables, lower MIDLAND STEEL VOTES EXTRA DIVIDENDS eruber 1 (P).— d Steel Products s involved in egotiations with Otis ane Trumbull Steel companics, today d Jared an extra dividend of 45 cents a hire on the common and §$1 a share n the preferred in addition to the ular qua v paymeis on th sues. The only change in the tribution «s compared with the pre- ceding quarter is an increase of § cents a share in the éxtra dividend on the common. NEW YORK CALL MONEY RATES. NEW YORK, September Call money steady , 4%; ruling rafe, 41; closing bid ‘ered at 4%: last loan, 4%a: gainst acceptances, 3%. Time loans firm; mixed collateral, 60-90 days, 4%a 414: 4.6 months, 4%:a4%: prime mer- cantile aper, 4adia. » | Am Sugar. e | Am Sumatra. A sale | ¢ the month last year ! l,ueu Asph pf (5). -| Zen Cigar (8)... _| Goodyear o (7). ‘| Gt Nor Ore (1).. ANCIAL. Received by Private Wire Direct to The Star Office ! Low. Close. 65 66 | Havima Blec (§) 223 14% 14% | Hayes Whita%;. 89 56% 56% (Helm G W (3)... 72 10 10% |loustonOfl..... 63 63 105% 106% | Howe Sound Co. 3% 23% 10% 10% | Hudson Mn (234] 36% 36% 123 128 |Hud Manpf (5). €3 60 101 101 | Hudson Mot (3). €84 63% s6% 86k Hupp Mot (1)... 184 18% 21 21% | Nitnots Cen (7).. 116% 115% 63% 63% | Indep o1 (1). ;m i 35% 36 | Indlan Motorey. 23 30 30 |Indtan Refining. 7% 116% 115% | Inland St (2%). 434 , 228% | Inspir Cop (50¢). 274 120% | rnterub Rep Tr.. 26 , 105% | Internat Agri... 18% 127% | Int Bus Mec (8). 1424 90 | Int Cement (4).. 70 In Cement pf(7). 104% Int Com Eng (2) 4% Internat Har (5) 122 Inter Har pf (7). Int Mer Martne. , Int Mer Aar pf. High [N 14% 57 10% 108 107 128 102 874 221 65% Abitibi Pow (4) | Adv Rumiey.... Ad Rumley pf(3) 57 | Ahumada (t1).. 10 | Alr Reduotn($5). 1 Ajax Rubber . All Am: Cabie(7) I'Allied Chem (4). | Alifs Chalm (6). | Am Agricul Chm | Am Ag Chm pf.. | Am Beet Sug(4). Am Bosch | Am Brk Shoe(5) Am n (t7) i\ Am Can p? (7) | Am Car&ray (8) {AmC& Fpf | Am Chel pr p | Am Drug | Am & For Pow. . m&F Ppf (7). m Hide & Lea.. 3 39 10% 128 102 8716 21% 65 862 a1 11582 . 233% A A A A | Am Internatl. {Am La Fran (1). Am Linseed.. ... Am Loco (118).. | Am Loeo pf (7). | Am Metal (3). .. | Am Radiator (4) Am Ship&Com |Am S & Ref (8) |Am S &R ptf (7). | Am 8t Fdys (8) Int Paper....... Intl Paper pf (7) Int Ry Cent Am. Int Shoe pf (8).. Int Tel & Te! (6) Intertype (+1%) Jewel Tea...... Jones Bros Tea. Jordan Mot (3).. KCP & L 1st (7). Kan City South Kangas & Gulf. . Kayuer (Julius). Kell 207 116% 1264 21 18% 16 41% 107! | Am Tel&Tel (9). Am Tobaceo (7). Am Toba B (7).. [Am wweR! 1.20 | Am Woolen. Am Wool pf (1) Am Writ Pap pf. | Anaconda (3). Archer-Danlel Armour 11 A(2). Armour Del (7). Arn Cons&Co. Artloom Corpn. . Aseo Dry G(215) As80 D G 15t(6). Asso Ol (2). Atchison (7) Atchison pf (). Atl By & A Atlantic CL( At Gulf & W I Atlantic Gulf rts Atl Gulf & W pt Atlantic Refing. . as Tack | Austin-Nichols. . Baldwin L (7 Bald Loco pt Balto & Ohlo | Bang & Ar (3) | Barnsdall A. Bayuk Ciga Beech Nut(2 Belding Eros(1) Bethlehem S th St pf (7) | Botany A (4) | Booth Fisher: | Briggs Mf2(3%) | Bl Bateon (8) 1 1-Man Tran | Bk-Man T pf | Bl Union G(4). { Brown Shoe (4) - Brunewick-Balk | Brunswick Ter. . | *Buff Reh & P. Burng BrB (2).. Bur Add Ma (3). Bush Terminal.. Btte & Sup (1). | Battertelz. .. ... ! Caddo Central. | Cal Packing (6). | Calif Pemt (2). Calumet & Ar (4) ! Calumet & H (1) { Can Pacific (10). | Case Thresh pt.. { Cent Leather { Cent Leather { Cen RROfNJ t12. 2 | Carro d Pasco(4) Certain-Teed(4) | Chandler (3)... | Chees&Ohlo (4). Chi & Alton. . | Chi & Alton pf. | Chi Great West. Chi Gr West pf.. | Chi MIl & StP... Chi Mil & StP pf Chi & Nwn (4).. | Chi Pneu T (5) Chi R T & Pac. Chi Yellow C (4) Childs ($2.40) Chile Cop (23). Chrysler Corpn. . Chrysler pf A(8) Coca-Cola (7)... Col Fuel & Iron. Colo Southern. t (4) Kelly-Spring 1st Kalsey Whi (). Kennecott (8)... Kresge Dept § Laclede Gas (8). Le= Tre & Rub. . Lehtgh Val (323) Liz & My B (14) Lima Loco (4).. Loews Inc (2)... Loose-Wiles | Lorthard (3) | Louis Gas A 1 :™ | Loutsiana Oil. ... “ g | Louin & Nsh (6) ‘| Ludium (2)..... w| MeCro B (1.60) . | Jack Trucks (6) [31ack T 1st (7).. Macy HR & Co. . Magme C (T5c). 1ison Manatf (5) I3 t (11 raczibo O1l. .. \farland O (75c) Marlin Rock rts. tin-Parry (3) Dept St (5). an Seahd. . Cop (1).. ich Cent (10) 11a-Continent i'ddle Rtates. .. Midland P pf (+3 ISP & sSa e P&SSM 14(4) Minn & St Louis. an Mont Power (4). Montgom Ward. oon Mot (8). PRI Er TS 82,823 Qe Tay B (13.40) 1 ot (116). Nat Acme (sta). ¢ 1 Nat Bizcuit (3). Nat Biscu pf(7). Nat Cloak (4)... Nat Dalry (3)... Nat Dpt Stores. . | Nat Distillers. .. Nat Distillers pt Nat Enamel & § Nat Lead (8). t Ry Mex 2d.. t Supply (2).. evada Copper. . XY Air Br (4) £| N Y Cannery N Y Central N ¥ Dock....... N YN H& Hart. NY On&Wn (1). XY Shipbld (2). Norfolk South, .. Norf & West (7) North A (B3.40). North Am pf (8) North Pac (8)... Norwalk (1.60) Nunnally (D). Oppenheim (3).. Orpheum (1.80). Otls Blsvator (§) Otis Steal. .. Otis Steel pf. Owens Bot (3) Pacific Co: Pacific Gas (8).. Pacific O] (3). .. Packard (11.70) . Paige Mot(1.40). Pun-Amer (6)... Pan-Amer B (§) Pan-Amer rts. Penick & Ford Penn'C & Cle.. . Pennsy R R (3) Penn Seab Steel. Phla Co (4)..... Phila& RC&T.. Phillip Morris. .. Phillips Pet (2). Phoenix Hostery Plerce-Arrow. Plerce-Arrow pf. Plerce Oil. ... Pierce Petrol Pitts Coul pf (8) Pitts Term Coal. Pitts & West Va. Postum Cer (4). Press Steel Car. Pr §t Car pf (1) Prod & Refiner: Pub Ser N.J.(5). Pub § NJ pf (7). PubS N Jpf (8). Pub Se 3&G pf 6. Pullman Co (8). Punta Aleg Sug. Pure Oil (1%) Pure Oll pf (8).. Radlo Corp of A. Ry 8tl Spz (8) Ray Cons Cop... Reading (4). Reading rts..... Reading 2d (2).. Retd Tem Cm(3). Robt Rels & Co. . Remington Type Repiogle Steel Rep Ir & Steel. ... Reynolds Sprngs Rey Tob B (8).. Rossia Ins (6).. Royl D(a1.73%) . Rutland pf..... St Joseph Ld (2) StL&SanF (5) San F p2(e). L Southwest. StL Swn pf (5). Savage Arms. Schulte Stor(§8) Schulte pf (8)... Seaboard Alr L. Seabd Air L pt.. Seagrave (1.20). 14% | Sears-Rebk (6). 211 Shattuck F G(2) 80% Shell Un (1.40).. 224 Stmmons Co (8). 48% Stmms Pet (1).. 19% Sinelair Ofl. 1815 18 Skelly Ol1. \ 28 24 Slose-Sheft (6).. 994 493 South Pac (6)... 97% 98 Southern Ry (B). 104% 106 South Ry pf (5). 920 924 Spear&Co...... 1% 14% Spear&Copf(7).. 80 - 80k Spicer Mfg 29% 30 St& Gas & E 53 Std Gas & E rt 1 Std G&BIpE (4). 531 1% | Stand Mill (3).. 69 69 108k | St Of1 Calif (2).. 83t 58% 204 |StONNJ (1)... 39% 39% 108% | St O N J pf (7). 116% 116% 201 400 71 % Consol Gas (5) | Consol Text | Cont Can (4) Cont Insur (§) | Cont Mot (80¢).. { Corn Prod (2)... | Cructbie Str (4). { Cuban Cane Su. . { Cub Cane Su pf.. Cuban-Am § (2). Cuban Domin, uban Dom pf. . Cudaby Pig (7). Del & Hud (9).. | De! L & Wn (17) |DRG Wstpt. Detrolt Ed (8). Dodge Bros CLA Dodge pf (7). N Dome 2ines (2). Doug Pectin (1). Dupont (19). DuPont deb (8). Durham Hose Masuman (18). #aton Axle (2) lec Powr & Lt. 1 P & L ot () E P&L pf 40% I P&L fuil pd (7 c Str Bat (4). Emmerson B pf. { Eind Jobn (5) | Endicott pt (7). rie RR . | | i | Famous P1(3).. Famous Pl fu pd ederal Lt *1.40. | Fed Min pf (1).. First NatP pf(8) ‘(zher Body (8). "1sk Rubber. | Fisk 1 18t pt (7) | Fleischmann(ts) Foundation (8).. Freeport-Texas. Gabriel A (2%). Gardner Metor.. Gen Am Tnk (3). | Gen ATC D (7). | Gen Asplalt. Gen Baking (6). | Gen Electric (8) | Gen Wl spec 600 | Gen Mootrs (17). Gen Mot pf (T).. Gen Outdr Adv.. Gen Qutdr A(4). Gen Petrm (2).. Gen Ry Big (6).. Gimbel Bros. Ginver (1%3).... Glidden Co. Goodrich Ru (4) 80%> 22% 48% 195 Grt North pf (5) 1 Grt Wstn Su (3). Guif Mo & Nor. . Gu M & N pf (6) Guif States S (5) Gulf Sta 1st (7). 0 220 38% 72 63 23% 8% 69 624 18 115% 24% 22% 4 42% 26% Open. High. Low. Close. | 220 8% 72 63 23% 5% 69 624 18 115% 244 22% ™ 429 26% 271 8% 18 854 104% 6 120 118% 8 29 3334 Gdle a1 33 116% 125% 20% 20% 118% 13 9% 140% 88% o874 107% 534 130 13% 854 18% 40% 524 26 80 14% 4T 8% 3% 89% 49 IN FOREIGN BONDS Australian Liens Drop—Rise in Florida Western—Un- even Moves in Domestics. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 1. rregu- larity was still the characteristic of the bond market in today’s trading. A sale of New York City 44s of 1960 was made at 100%, which was a low for the year. At this price the yvield is higher than in municipal securities of corresponding rank. The prospect of tax reduction seems to be diverting funds from exempt bonds into taxable securities. Moves in Foreign Groups. In the foreign group the feature was the drop of iwo points in the Australian 5s. They closed last night at 991, and opened today at 98, then selling down to 97%. s dissolved last night nged hands in unusually large fractionally higher. Specula tion in the Mexican issues, which has been so prominent in the last few days. subsided and quotations receded slightly. City of Rio Janeiro 85 of 1947 s0ld down a half point, approach- ing the low of the year. Sugar Bonds Heavy. Among domestic industrials sugar bonds were heavy, local tractions were streng and the ofl bonds were steady. !In the rails the leader was the St. Louis-San Francisco incomes, which opened lower and then more than re covered the loss. The Ilorida West- ern and Northern 7s bhad another sharp advance of over four points. Other Seaboard bonds did nothing. New Haven issues were in greater favor, but guotations were not much changed. The Denver and Rio Grande Western s, crossing 64, made a new h for the present movement. most important new offering of | the week will be offered tomorrow in the shape of $70,000,000 one-year Do- minion of Canada 4 per cent notes. SERVEL CORPORATION BUYS WHEELER PLANTS NEW YORK. September 1 (#) hase of the Wheeler Conden |and_Engineering Co.. owning plants lat J.. and Newburg, N | Y., by the Servel Corporation, manu- cturers of electrical refrigerator: ounced. Stockholders of rvel Corporation will meet in Rich- 4. Va.. September 11, to vote on oposition of increasing the present orized capital stock of the cor atfon from 115,000 shares e: ss A and class B stock to 500,000 { shares of each. { r | CHRYSLER SALES GROW. TW YORK, mber 1 (P).— ctors of the Chrysler Corporation, > met yesterday to declare the regular preferred dividends, were pre santed Wwith an optimistic report of the company’s affairs. An official statement disclosed that August ship- ments had been 30 per cent greater than in July and would exceed 18,600 cars for the month. Orders on hind were said to represent 60 days’ busi- ness at the { The company’s export busine this vear has amounted to 3, Septe <o far 1,060 PORT BUSINESS GAIN! BALTIMORE, September 1 (Spe ciall.—For the first time in many wesks imports and exports through he port of Baltimore both showed in- {creases last weel as compared with the previous week, according to the { weekly report of the collector of cus- toms. BIG CONTRACT AWARDED. ST. LOUIS, September 1 (Speciall.— Contracts for the construction of a 100,000,000-gallon reservoir in connec- tion with the city water works at a cost of 31,180,816 has been let to the Frazier Davis Construction Co. 4 Plate Glass. Sterling Prod(4) Stew-Warner(s) Studebaker (4).. Submarine Boat. Superior Ofl ! Symington. Symington A(2). Tenn Copper (1) Texas Co (3).... Tex Gulf Sul (3). Tex & PacC &0 ‘Tex & Paciflc. .. Third Avenue. .. Tide Water O1l. . Timken R B (14} ‘Tobac Prod (§). ! Tob Prod A (T). ‘Transcont Ol .. 515 18% 803 Un Bag & Paper. Union Ofl (1.20) . Un Pacific (10).. Un Pactfic pf (4) TUn Tank Car(5) . Utd Alloy Steel Utd Clgar(ad). United Drug (). Utd Dyew pf (7). Utd Frait (10).. Utd Ry Invest Utd Ry Inves pf. US CastIron P. U S Hoff (2) U S Ind Alcohol. U B Realty'(8).. U S Rubber..... U 8 Smelting(3). U 8 Steel (17) U S Steelpf (7). | Untversal Pip Univer P pf (7). Util PEL A (3). Vanadium (2) Va-Caro Chem. . Va-Caro Ch pf. . Vivaudou. Wabash. 5 Wabash pf A (5) Waldorf (1%).. Ward Baking A. Ward Baking B. Warner A (1%). Warren Co (4).. Wellsg-Fargo. . . West Maryland. West Md 2d pf. estern Pacific Western Pac pf West Union (7). 803 754 130% 130 % 18 25% 20% 43 26 96% 42 8% 19% 106 169 28% 82 66 Al% 73 Westinghs (4).. ‘Weston Elec. Weston A (2) ‘Wheel & L Erle. Wheel & L K pf. White Eagle (2). White Mot (4).. White Rock (12) Wickwire ctfs. .. Willys-Overld. . Willys-0d p£(T). Woolworth (3) .~ Wright Aero(1). Wrigley (13%). Yale & Towne. Yellow C (2.52). 42 42 Youngstown (4). 73 2% *04d lot. 3 Dividend rates as ziven’in the above table are the mnnusi cash pavments bused on th fatost quarterls or half vearly daciaration “niges otherwise noted, exira or special div jonds sre not included. a Pald thie Sear. no resular rate. b or opfional in stock, - “Partly siock. “tPartly . 1Plus Plus able {n prefe k] 25% 19% A% 26 95% 40%5 3 18% 1064 1684 28% b2% 65 Al% 2% 7% 2 3% 194 1075 172% 28% B34 65 65 The syndicate | The German | h ot | urrent production rate. | THE EVENING STAR, WASHINGTON, D. C. TUESDAY, SEPTEMBER 1, 1925, | NEW YORK STOCK EXCHANGE TRADING INTEREST | (e vomx BONDS srocxmsemavce] B SUMS INVESTED Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1,000.) £ Sules. High. Low. Close. Lib3%s... 25 1007 10025100 27" Lib1st4%s 19 1027 102 1025 Lib2d 4%s. 104 101 10020 101 Lib3d 4is. 25 10113 10115 10117 Lib 4th 412 354 10213 102 10 10210 10227 10228 10227 US4s1944. 3 106 18 106 18 10618 US4%e's2 2 FOREIGN. | Sales. High. Low. Close Argentine 6s'59... 65 95% 053% 95% Argentine 6s A. 4 964 | Argentine 6sB. 95% | Argentine 7 1024 i Aus govt 5856 9Tl Austria 7s 99% | Bank of Japan 63 Belgtum 6s. 861 Belgium 6% s wi. 2 glum 78 wi. Belgium T4 { Belgtum 8s. | Rolivia 8s. | Bordeaux 6 Brazil 7s Brazil 8s Canuda 55 1981, Canada 55 1953, Canada 5% s 1929 Chile 75 1943. Chile 851841, Chile 851846, ... . Chinese Gov Ry 6s. Christiania 8s. 2 Con Pow Japan . Copenhagen 538 Cuba 5% Crecho 8m 1981.. Czecho 88 1952 ct. . Denmark 8s Denmark 8s | Dutch Fast 1 | Duteh East 2 alvador 885 48. . Finlands 7s.. French 7s.. French 7%, French § German 7s. Sales. High. Low. Close 9 9% 97% 9% 8 914 91% Oln 5L 114% 114% 114% Chi & Alton .25 64K 6A% 64K Chi & Alton 3% 49% 494 49% ChIB&Qgn4s'68. 6 89% 59% SO% 10214 101% 101" 904 90% 90'% 75 T4% 4% 63% €3% 63% 49 4w 49 | 4814 484 430 4B 4Bl 48% | 48 4Bl 4% 4874 48T 487 8% 481 T4S% | 1078 107% 107% 6% 4% 6% 868 864 | 87 87 | 102% 102% | 17% 79 98 $7% 106% £74 1024 904 101% £8% 64% £94 1% 6344 6714 6714 3| 154 107% | |Ches& Ocv e | Ches &0 gn 413s |Ches&OcvE [ = e S T PN 86% 92 95% 953'% 109 168% 1074 10° 08% 9615 86 86 81% 814 98 974 102 - 101% 1023 102% 1026 102% 1015 101 109% 109% 109% 109% 4L 4l 111t 111% 894 B9 98- 97% 100% 100% 100 99% 99% 99% 103 1025 110%.110% 102% 102% - Chi Un 8 s. Chi & W Ind cn 4s. CCC & St L 43s. COC & St L 5s. Cleve Term Gl4s. | Cuba R R 6s. Cuba RR 7%s. De! & Hd 1st rf 4s% Del & Hud 5%s, ... Den & Rio G cn 4s. D & Rio G Wat 5s. Dot United 4%s Erte 15t cons 4s Erie gen 4s. . Erieconv 4s A. Erte cony 45 B. Erieconv 4s D. FlaW&X78'48... Gr Trunk sf db 6s. . Great North 534s.. 7 | Gr North gen 7s... 40 Havana ERL&P 60 7 Hud & Man ref Gs.. S2 Hud & Mznaj s 111 Central ref 4 Il Central 535 111 C-C St L& Int Rap Tran bs. Int Rap Tr s stpd. Int Rap Tran 6s. Int Rap Tran Ts. Int & G Nor 15t 6s. Int & G Nor aj 6s.. Towa Cent 1st 5s. Kan City Ft S 45 Kansas City S 3s KansasCity S 5i Kan City Term 4 Lake Shore 4s'28.. Long lsland rf 4s Louis & N uni 4s. Louis & Nash 7s. Manhat Ry cn 4s. MIlElRy & L MKE&T istds. MK&T4sB... MK&Tadibs. ... MK&TprinssA. MK&T6sC 5 Mo Paclific gen 4s. . Mo Pac 55 1965 Mo Pacific 85 Mo Pacific 6scfs. . N O Tex & M in 5s. NOTex&MssB.. NOT&M54%sn.. OT&MGYs. ... Y Cent deb 4s. Y CentriGa. Y Cent deb 6s. Y Cent LS el 83 Y C&StLdb s, ¥ Chi & St L5%s 20 YC&StL6sA.. 2 I ew Hav deb 4556 16 ew Havencd6s.. & N'Y Rys 6s°65. 15 Y W& Bos 4%, i4 orfolk & W cn 4. 17 orthern Pac s... 10 orthern PacésD. | Northern Pacriés 4 Ore Short Liref 43 Pennsyl con 41 Bend e 1 AREEE-R2E:S E e 3 o | 109% | 93 6% | 9% | 102 Bmba mimBRroad~toaaman 61 | 66% | 70 | 89 | | Haltf 6s. sees Holland Amer §s Hungary 6%e..... Japanese 8 s .. 36 Jergens U M 65 '47.140 Lyons 6s. Marseille 68 . Mexico 45 '10 asntd Montevideo 7 - Netheriands 6s ‘64. 96% 8574 93% »~ 8 l 60 | 865 | 724 904 854 985 | 844 93 @ 1033 1034 96% 95% 10015 1004 100 100% 100% 100% 110% 110% 86 86U 8% 784 Bo% BoL 87 BTW 95t 95% 1 ut 011, 9344 a3 < 97 103 1004 90 304 8% 101% 1014 103 102% 116% 115% 118% 118% 28 165% 105 MISCELLANEOUS. Ajax Rubber 8= 3 994 89 Am Agr Chem 58 1027 Am Agr Chem 7% 1034 | Am Smit& R 15t o8 98 Am Sugrefs..... 3 102% 102 AmT & Teltr ds 97% 974 AmT&Teltrss.. 12 101 101% {AmT&Tstos.... 72 6% 964 | AmT &T deb 553 102% 102% | Am Writ Paper §=. 53t 53% | Anaconda 1st 6s. 10045 100k Anaconda cv db i 102 101% Andes Cop Ts rets. 98'a 98 Armour & Co 4%s. 89 89 | Armour Del 5%s. . 93% § | Atlantic Refin 99% 997 Bell Tel Pa 6s. .. 101% 101% | Beth Steel pm 63 92 9214 | Beth Steel rt is. o8'% 98 | Beth Steel §365 %3 £6 86 | Beth Steel s £ 8s... 94 9315 Bkiyn Ed 1015 10135 | Calif Pete § 1031 1034 [ CenLeth 65745 ofs 5 1004 10044 Chile Copper 6s.... 17 108 107'5 {ColGas&ElSs.. . 1 1004 100% | Commonwth P 6s.. 4 101% 101% | Con Coal Md 1st 5. | Con G NY 5%s wi. | Consumers Pow 6s. Cuba Canecvd Cuban Am Sug 85 Det Edlison 68 ‘40. . | Det Edlson ret és. . { Dodge wi 68 Duquesne Light §s. st Cuba Sug T%s. mpire G & F 733s. | Fisk Rubber 85, Goodrich §%s..... Goodyear 85 1931.. 3 Goodyear 851341, . | Hershey 5%8 wi. { Hershey 68 1342. .. {Humble O & Rikis Indfana Steel 5s. .. Int Mer Marine Int Paper 5s° Inter Paper 6 |Int T&Toksw KCP&LtisA Kan G & El 68 ' Kelly-Spring 8s. Lackawa § 53 ‘50 Laclede G 5 %8 '52. Liggett & Myers 6= Loulsv G & E 53’52 Manati Sug sf 7%s | M1d-Con 65840, .. Midvale Steel bs... Montana Pow & 3 | Paris-Ly's-Med 8s. Paris-Ly's-Med 7s. | Poland 8550 wi. | Porto Alegre Bs. | Queensland 7s..... ] Rio de Jan 81 1946. | Riode Jan 83 1947, Rio Gr Do Sul 8s Sao Paulo State St of S Paulo ref Seine Deptof 7s Serbs Crot Slo 8 Sweden 545 ct | Swiss 534 1946, | Swiss Confed 8. UG Kingm 53 " | Ud Kingm 5438 25 20 Pennsyl 6%s. Pennsy! gold Pere Marq 1st 53 Reading J C 48 RIArk &L ¢3:s StLIM&S 48°20... | St L IM&S R&G 4s. StL&SFplisA.. StL&SFprints. 10 BtL&SF6%sD.. 34 StL&SF ad; 6s StL&S F inc 6s StLSW istds.... StLS Woon4s'32. § StP & KCShL 4%8 19 Beabd A L ref 4s... & Seabd A L adj is Seabd A L con é& Sou Pacific 4s '28 Sou Pacific clt 4s. . Southern Ry gen 4s Southern Ry 1st s Southern Ry 6s ct. Southern Ry 6%¢.. Third Ave ref és Third Avead] os Tol StL& W 4n. .. Unlon Pac 1st 4s Tnlon Pac 427, Un Pac Ist 7f 5s. .. Virginia Ry 1st 63. Va Ry &P Istés.. Wabash 1st 5: Wabash 2d 5s. Wabash e 75 Western Md 4s. ... Western Pactfic o3 | West Shore 1st 4s. . ‘Wisconsin Cent 4s. CANADA INCREASES EXPORTS TO GERMANY OTTAWA, September 1 U#).—Cana- dian exports gained $27,000,000 in the 12 months ended July 31, as compared with the preceding 12 months, while imports declined $33,000,000. Offictal returns - just published 'put the 12 months’ exports at $1,093,000,000 and imports at $817,000,000. During the 1Z-month period Can: dian exports to Germany were $32 438,268, a gain of $14,000,000 over the preceding 12 months. Imports from % o5 | 86% | s w w 107% 107% a 5 10244 1 - 106 1053 1035 6 104 104 1044 104 e 1144 105 1014 1103 110% 120% 1204 981 98 1044 10414 101% 101 1011 101% 954 964 96% 6615 98% 83y i 1025 102% 1024 101% 934 934 100 99% 1015 1014 96% 964 100 89% 98 98 IV T 29% 99% 1004 100% 100% 100% 114% 114% 97 o7 107 107 109% 108% 101 100% 103% 103 96l 96 104% 104 1014 101% 3 98% 96% 9TH 97% 105% 105 9% 97% 108% 108% 994 994 98% 98K 105% 105% 106 105 87 87 1% 91% 1004 1004 85 84% 109 108% 104% 104% 100% 100 102% 102% 98% 961, 89 88y 107 107 106% 106 95 048 991: 99 % T6% 90 90 101 100% 106% 106% 102 101% Y Ed g N Y Edef 1 NY Tel 4%3. { N X Tel 65 '41 N Y Tel 6349 North Am Ed North Am Ed 6%, Nor States Pow 5s. Nor States Pow 6s. Otis Steel THa. . Pacific Gas & Bl 5s. PacT& T b3 63, Pan-Amer Pete 3. Phila Co b% Phila Co ref 63 Phila& RAC& 163 Public Service 6s Pub Serv Elec 65 Stnclair Ofl Sinclair Ofl Sinclair 011 78 SiInCOPL s’ Sin Pipe Line 5 Skelly Of] 6343 So Por Rico Bug 7s. Southwest Bell 63. of less than $1,000,000. (Quoted in dollars per million marks.) \d" Ger Gt (win) 5s 191418 530.00 Hamburg 414s 1010 . % G Tos Moot toani o809 Ger Gt 8-158 ‘38 (sm D) 3 &8 s o 108% 105" 87 91% 100% 84Y 109 1045 100% 10214 984 885 107 106k o5 9y 77% 20 101% 106% 102 99 997 (Quated _in dollars per tho: Ger Gen Elec 4148 pre-w Ger Gen Elec 41%s 1919 rlin_4s pre-war . RIS ; North German ‘on'y'fi 4‘2- North German Lloyd. . Prussian Consols 3%s. Krupp. 53 1921. e A g Bl e Munich 4s pre-war. .. ‘Badische Anilin i AEG (Ger G Elec Commerz and Privat Bk Disconto Gellsehatt. . .. Dreadner Bank Deutache - Bauk - Darmstaedter Bank Mercur Bank Vienna U S Rub 15t rf 5s... U S Rubber 7%4s. USSteel s £ 53 ! Utah Pow & Lt b va-Car Chem Ts. .. Va-CarCh7%sw.. Vertlentes Sug Ts. West Elec 5 Westimghouse Willys-Ov 6533, 10 Wilson & Co 1st6s. 7 99 gaig Youngstn S&Tés. 8 100 99% RAILROAD. Ann Arbor 4s... 174 Tk Atchisongends... 1T 89% 89k Atlantic C L 1st 914 914 Atlantic CL 7s. 1074 1074 B & O Gold 4 88 87% B&OcY4%s 9214 9235 B&OrefGs. 90% 90 B&O1st5sct. 101% 101 B&O 108 102% B&OTfimp 102% 1024 B&OPLEWV ds.. 13 87% 87 B&O Bw D1y 68 cfs. 96% 954 Bklyn Manhat 6s.. 90 9% Canad North § 117% 117% Canad North 7s.... 1 1154 1154 Canad Pac deb4s.. 41 80% 80ty Car Clinch &0 6s.. 8 107% 107% Cent of Ga 85 2105 102 Central Pacific 4 L 87h 875 Cent Pac 15t 58 5. 95% 98 " FOREIGN EXCHANGE. (Quotations turnished by W.B. Hibbs & Co.) 348665 s{80Y 1.00 . 183 193 London. pound. .. Frr g russels. franc Berlin, fark me. lira Zurich, fra | Athens. drackmal.. 743, | Madrid. peceta. 4% Crown 894 | Budavest, crown 913 | Prague. crown. b 1074 | A ot 88 Y . 923 | Stockholm.” crown 1686 204! NEW YORK, September 1 (P).— 1014 | Forefgn exchanges irregular. Quota- 103 | tions In cents: Great Britain, demand, 102% | 485; cables, 485%:; 60-day bills on 87 .|banks, 481%. France, demand, 4.69%; 964 | cables, 4.70. Italy, demand. 3.87; ca- 90 ! bles, 3.871. Demand—Belgium, 4,491 117% | Germany, 23.80;. Holland, 40.24; 115% | way, 20.52; Sweden. 26.80; Denmark, 801 | 24.02; Switzerland, 19.35; Spain, 14.313 107% 1.49: Poland, 17%; Czecho- 102 | slovakia, 1.79; Aus- & {rla, 14 Rumanis, W;“Aarxenflu. Ahai; 80%; Montreal, 1001-16. = Greece, {icans to a total of $29: ‘X‘I(ln American countries, 1% | merce report sald, “since the begin-|ryiivs or ¢ | i 997 | Years have witnessed a considerable | o jtive in investing in Latin | pecially ! wheat 1 Germany were $6,935,265, an increase | GERMAN BONDS AND STOCKS. FINANC IN LATIN AMERICA $4,000,000,000 Drawn From U.-S. for Various Vital Enterprises. | A study to determine the total and character of investments made by TUnited States citizens in Latin Amer ican countries has been undertaken by | the Commerce Department and com- | pleted so far as the first country on the list, Argentina, is concerned iovernment securities of that nation have been purchased Ly North Amer. 2,800,000, while | investment and ownership in priv | industry and enterprise account for | $100,000,000 additional Look to U. S. for Funds. | A preliminary estimate of the cap- | jtal taken out of the United States for investment in Latin America places the total at $4,000,000,000. Ingland, with an estimated total investment in Latin America of $6.618,000.00 department found, is the ouly more heavily int the Latin the United “The conditions in the E funds .for._the the Com. source of investment ning of the war, compelled the latter to. look upon the United States fo anclal assistance. The past fe; growth in American financial inter- ests in Latin America, this r closes, which are now conservat estimated at upward of $4,000,000.000. 4 1031 | or about two-fifths of our present to- |, .4 tal foreign investments. How Funds Are Invested. “This amount is represented b th ownership of public utilities and th proprietorship of, or participation in, | a wide range of enterprises, such as mining companies, public utilities, in- | dustrial plants, land and cattle enter- | undertakings. “In Argentina alone, with which the report specifically deals, American par ! ticipation has risen trom a minor {sition to one of imyportance. Gres Britain, which early took the initia America, has long maintained the lead in the financing of Argentine enterpr es. raflrouds and other utilities. banks, panies taking: strong meat-packing plants, ofl com- and a variety of other under- | has reached a comparatively | positio 'WHEAT SELLS DOWN AFTER GOOD START Corn Scores Decided Gains on Crop Reports for August. Oats Slow. By the Associated Press CHICAGO, Septembe: Notwith- standing an upward tendency at the start today, wheat soon underwent setback. Liverpool was to some extent respon sible for the early show of strength by the market here, but weakness en- ned when the fact became apparent ' that the Liverpoo! trade was being governed by ship strike developments which would be likely to have a_con- trary influeence on this side of the Private crop estimates issu were conflicting, two experts forecasting a decrease of the Spring crop, as compared with the prospect a month ago, whereas an- other authority figured out i crease. The opening, % off to 4 up. mber 1.53 to, 1621 and 577 to 1.58%, was followed by moderate general advance and then I a drop which took December down to 11521, and May to 1.56%. | Unofiicial corn crop estimates in- Qicated 40,000,000 bushels loes in yield ! during August. Largely-as a result, the.corn market scored decided gains. After opening unchanged to December $23% to the jall_around, December touching Oats lagged, owing to hedge selling. Starting at 1, decline {to an equal advance, December 411 to 413, prices later eased down ¢ what. Provisions were higher, in line with corn ‘ Subsequently the wheat market ral- lied as a result of corn strength and because of the fact’that an average of private crop reports suggested ! Spring wheat vield of-'only 1,000, | bushiels more than the Government port of August 1, a less bearish sho: ing than generally was looked for. WHEAT— Onpen Hizh. September . 1.533% 1.55 December . 1 5 M : R September December M uis September December i P = S35 8% s SRR &8 GRAIN AND PROVISIONS. BALTIMORE, September 1 (Special). —New potatoes, barrel, 1.75a4.00: culls, 1.25a1.50. Beans, bushel, 30a 50. Beets, 100. 1.5022.00. Cabbage, 100, 3.0004.00. Stweet potatoes, barrel, 1.00a3.50. Yams barrel, 1.00a3.00, Car- rots, 100, 2.00a4.00. Corn, dozen, 10a20. Celery, crate, 1.50a2.00. Cucumbers, basket, 30a35. Eggplants, basket. 25a3, Lettuce, crate, 50a100. Lima beans, bushel, 50a75. Peppers, basket, 25a30. Onions, bushel. 1.60a1.75. Squash, basket, 20a 25. Tomatoes, hamper, 20a40: pack- ing stock, bushel, 4Ca6 ‘Apples, barrel, 1.00a3.50: bushel, 5 a1.50. Dameons, basket, 85a1.00. Can- talou asket, 20a65. Grapes, bas- ket, 65 Huckleberrtes, quart. 20 a25. Pears, bushel, 1.75a2.25; basket, 60a1.00. Watermelons,. each, $a30. ‘Peaches, bushel, 2.25a. Pineapples, crate, 2.00a3.50. Selling Prices at Noon. 2 red Winter, spot. do- 2 red Winter, gar: licky, 1.50. Sales—Bag lots of nearby at wharf at 1.45. ¥ Corn—Cob, ' yellow. spot. sominal, per barrel: track | No. T..spot, 1.10. Sales—None. Oats—No. 2, new, 46; No. 3 Rye—Nearby, new,.1.10a1.1 rye, spot. no quotations. Hay—Recelpts, 65 tons. The de- mand for new hay is rather of a re- stricted character, the trading at the moment being mostly in less than car- load lots. For the better grade of timothy and choice light clover mixed hay there is a fair demand in a job- bing way, but all heated or damaged hay has to definite market value and is hard to move at eny price. / Quotations. pcr ton, N timothy, 21.30; No. 3 timothy, 17.00a1 clover mixed, 19.50a20. 18.00; No. 1 clover. mixed, 18.50a13.00. Straw—Ne. 1 ‘wheat, 1100a12.00} No. 2 oat, 12.00a13.00. v siee veg glish | 100t | money market, themost 1mportant | Vancage of mein S | immed An advance in guotations at | continued { IAL. PLAN LOW RATES. < u FOR PARM LOANS Joint Stock Land Banks Be- gin Convention——Railway" ’ Common Off to 177. BY CHAS. P. SHAEFFER A concerted effort lower interest rate irmers was | | Springs today, conven tion of Joi ing held ! co-ordinat ing the 10 an ent average le next step, he s reducing the rat | Hopes for 1 | “I like to think l].nnv} Bank fe individual existence 50, as one knows, now, for we mg Service of the . 100, an a tha nd vears f | Huston sald only the rests 2 tha our duty to build broad and stron; stand ev finan k by those We must not te growth them nd profit thousand ye: e joint for re buile Mr. Hu banks. by uld be thei Names Secret of Suce “The ress t banks, wherever ever owned, reflects the cess 4 106 | prises and miscellaneous commercial | the system as bank e: | this organizatio is brought to {cess. Cony {in the value of iblic | reflects to the a The United States, with its | concluded M H Chapin-Sacks Stock Frazier & investmen { bankers, an y that over 5. | per_cent of the common stockholders of Chapin-Sacks, T had zeg thelr shares for clas utl | ern z merger pla Time lim at noon on September Edward S. Perot, preside | poration, expects 95 p | stock to be exchanged ixchanged. | 5. @ tim he oo cent of th Railway Common Declines. It opened ing prices tive issue 89 on w recovered & ter point on a subsequent sale of dimensio: ergenthaler Line: e dropped several points to 186 on a sale of 10 shares and Natic Mortgage and Investment prefer was easter at 9%. Union Trust brought 199 and L: on §4. Capitai Traction ) and a half. In the ent Distri Title Insurance sold at . Washing | ton Title Insurance at 83 and one are of Chapin-Sacks * cent pre ferred brought sonds Railway prefer sale of 10 were May | sued a call for payment Thursday | 3315 per cent of the proceeds remain {ing with banks arising from the June 15 sale of 3 per cent one-vear certifl ¥ | cates of indebtedness. The cail witi- involve §24,079,100, leaving $48,158,100 lor 383 ¥ original loan Committees Soon to Be Named Francis G. Addison . president t Bankers' council of on September pose of assembling the work. This will {of an adequate budget and { pointment o G { heads for cepted. The meeti 9 0 [tion headqu ple at 4 o'clock Pennsy Financing Rumoi Rumers are again heard in financial district that the Pennsy} vania Raflroad will take advantage o its favorable earnings posit {Bnance new improvements and pe ble acquisition by the sale of The road’s shares are now selling only a few points below thelr $50 par value, the price at which a4 new -issue prob: ably would_be offered. Barred from seliing mew stock below par, most | railroads in recent years have resorted. to bond issues for their financing CHICAGO LIVE STOCK MARKET CHICA! September States Department of Agr Hogs—Receipts, 21,000 L uneven; medium and heavyweight butchers, 5 to 10 lower than Mon day's average; others. 10 to 15 off; blg packers bidding 25 lower; bulk, sood and choice, 140 to 210 pound weight, 13.15a13.35; top, 13.40: better grades. 225 to 310 pound butcher 5 12.40213.00; bulk packing sows, few strong weight 3.25 down: heavyweight 212.90; medium, 3.35; light, 11.10a13.40¢ slaughter! { s { hogs ) | 10.35a11.00 8,000 head, mosY s opening slow: easy with < dotwnturn: killing _quality plain: Western grassers and shovin fed steers predominating; well condi- tioned fat offerings very scarce: some welghty fat bullocks held above 16.06: tew here of value to sell above 12.00 Dbulls and vealers steady to Srong,: Sheep—Receipts. 16,000 head: fat native lambs active; opening 25 highe er; bulk to packers early, 15.25, with- very moderate sort; few to city butchers, 16.50; few sales ~Western reeding lambs, stronz at 14.75a15:2& best held above 15.50; nothing dome- on fat range lambs; few sales fat ne- tive ewes, steady at 7.00: vy VR $2 DIVIDEND RESTORED. - NEW YORK, September 1 (B The common stock of the Internatioy, al Nickel Company has been restared. to a $2 annual dividend basis wheg. directors declared a quarterly pay ment of 50 cents a share. No di dends had been paid on this issge since March, 1919; B CRUDE RUBB NEW YORK clal).—Crude rubber cent today to 821 cents pound. This.compares with 25 cents « montf ago and 26%. cents a year agn ER SLUMPS. " (e a half September declin