Evening Star Newspaper, September 4, 1925, Page 30

FINANCIAL. FURTHERADVANCE | [NEW YORK STOCK EXCHANGE FINANCIAL., ’GENERA[ AGTIVITY NEWRULES SOUGHT | GOVERNMENT DEBT Received by Private Wire Direct to The 'Star Cffice. " Sales. High. Low. ci:u Open. High. Law. Close. | Bkiyn Manhat 6s..152 90% 99% Received by Private Wire Direct to The Star Office Open. High. 68% IN STOCK MARKET ........ = ‘Ad Rumley pf(3) B6% Ahumada (f1).. 10% -y Alr Reductn (15) . 105 Motor, Equlpment, Traction, j4dax Ruvver..... a0 Allled Ch (4). 101% Leather and Food Shares TE(Ty: 130 Are Leaders. % Allis Chal pf (1) 1074 Am Agricul Chm 21% Am Ag Chm pt.. Am Beet su:u) BY STUART P. WEST. | Am Bosch. Special Dispatch to The Star. NEW YORK, September 4.—Motor stocks were prominent again in the stock market today, along_with_the leathers and the Greater New York tractions. Most of the leading moves were upward and the opinion was commonly expressed that such ele- ments of unsoundness as existed a week ago had been pretty well elim- inated by the shake-out which oc- curred the first two days of the pres- ent_week. There was nothing new in the au- tomobfle industry to account for the buying. New leaders were taken up, especially Studebaker and the Dodge stocks. In Dodge there was a big turnover on the rise. The pre- ferred on Its investment merits reach- ed new high ground. Pierce Arrow preferred had another runup and the rise in the common was well sus- tained. General Motors displayed the same strong support which has been hack of the stock all week. Feature Among Rails. Among the rails the feature was the continued advance into new high ter- ritory in the Gulf, Mobile and North- ern issues. Pittsburgh and West Vir- ginia, representing a property which stands to benefit considerably from he increased demand for soft coal Auring the anthracite strike, ran up over 3 points. Chesapeake and Ohio vas one of the leading soft-coal car- riers and was strong, St. Louis-South- western gaining points. At one stage Union Paciiic was up over a point, while New York Central at 120 compared with the low of 118 Wed- nesday. But the dividend-paying rails a5 a group were not active. Special buying continued in Skelly Oil. Most other oil stocks were doing nothing, so this suggested a reason of an individual nature. The Central Leather shares were taken up, antici- pating a favorable showing for the September quarter. Goodrich stood out conspicuously with a rise of over 2 points. In stocks of the specialty class there were sharp advances in Sears-Roebuck, Macy, Remington Typewriter, Ward Baking and Childs Restaurant. Signal Tumbles 21 Points. There were a few weak points. One of these was Buffalo and Susquehanna, which dropped over 6 to a new low of 76. General Railway Signal had a sheer: fall of 21 points, following the announcement of the new financial plan. Thé decline was ascribed not to disappointment over the terms of the new arrangement, but simply to the familiar selling after the news was out. The chief motive back of the rise in General Motors has been the con- | fidence that it can be regarded as a 7 per cent stock, whether or not the dividend is formally raised from 6 to 7 per cent or whether the addi- tonal 1 per cent is paid right along, after the fashion of United States Steel Corporation, as an extra divi- dend. Figures were given out today showing the expansion in General Motors’ foreign business. During the first six months of 1925 41,732 cars were sold abroad, as against 33, in the same period in 1924. In 1922 the foreign business was valued at something less than $20,000,000. In 1924 it had jumped to nearly $51.- 600,000 Dodge Brothers at New High. Dodge Brothers preferred made a new high, and the A shares showed a stronger upward tendency than at any time since the: original rise. Even around 85, the preferred returns 8% per cent, and this has attracted a lot | of investment buying. On the basis of results for the first six months, Dodge earned at the rate of some $8 & share on the A stock, and the ratio of current assets to current liabiiitles was sald to be better than 3 to 1 MARKET CLOSES STRONG. 20 Am Car&Fdy (8) 108 Am Chicle....... 42% Am Express (6). 135 Am & For Pow. . 5 Am&F Ppf (7). Am Hide & L pf. & Ice (7). Am Tce pf (6). Am Internatl. Am La Fran (1). Am Linseed. .. .. Am Linsd pf 834 Am Loco (118).. 117% Am Metal (3)... B50% Am Radiator (4) 111 Am Safety R (3) 60% Am S & Ref (6). AmS&Ropf (7). 1124 Am St1 Fdys (3). Am Sugar. Am Tel&Tel (3)., 140% Am Tobaeeo (7). 103% Am Toba B (7).. 102% Am Typ Fdrs(8) 115% Am WW&EI 1.20 Am Woolen. Am Wool pf (7). Anaconda (8). Ann Arbor pf.. .. Armour 111 A(2). Atchison (1)‘ % | Atchison pt (8). At] Birm & At. 5% AtiGulf & WIpE 54% Atlantic Etfll\l’ Austin-Nichols. Baldwin L (7).. Balto & Oho(5). Bal& Oh pf (4). Bang & Ar pf(7). Barnsdall A Beech Nut(2.40). Belding Bros(3). Bethlehem Stl. .. Booth Fisheries. Briggs Mfg (3% ) Bkl Edison (8). Bkl-Man Tran. ‘ Bkl Union G(4). 85% Brown Shoe (4). 182 Brunswick-Balk. Buff R&Pitts (2) SBuff Rch & P. .. | *BuffR&P p1(6). Buff & Sus (7). Burns Br B (2).. Bur Add Ma (3). Bush Términal. . Bush Ter de (T 120% 8% 854 Butterick. Caddo Central. .. | Cal Packing (). Calif Pemt (2). Calumet & H (1) Can Paciflo (10). Case Thresh pf.. Cent Leather, Cent Leather | Cerro d Pasco(4} Certain-Teed(4). Chandler (3).... | Chees&Ohio (4). Chi & Alton. . Chi & Alton pf. Chi & East 11 .. | Chi & Bast 111 pf { Chi Great West. Chi Gr West pt. . Chi Mil & StP... Chi Mil & StP pf | Cht & Nwn (4. | Chi Pneu T (5).. 119% Ch{R1& Pac. CRI&PpDL (7). | Childs (32.40). Chile Cop (23%). 83% Chrysler Corpn.. 137% Chrysler pf A(8) 106% CCC&StL (5). 150% Coca-Cola (7). .. 137% Col Fuel & Iron. 38% Colo Southern... 68 Col G&E (2.60). Tl% Col G & E Pt (7). 109% Cbol Carbon (4) 46% | ComSolv A (4).. 96% 1 Corn Soiv B. 9 | Congoleum (2).. ;Cunley (sta). N Consal Cigar neral Motors One of | Consel Clgar. Cousol Textile | Cont Can (4) | Cont Insur (8) . Cont Mot (80c). . O endeq | Corn Prod (2)... T o ther | Cotty. Inc (3.80) in_ other| cryctble Sti (4). e elie | Crucible pf (7). 1 Can, du Pont. | Gub‘Cane Su pf. . conh 4y | oA 25 nated 1.000,000 | Supan DOmID; Cushman’s (3).. Davison Chem. . Del & Hud (9).. 142% Del L & Wn (17) 1387 D R G Wst p! Détroit Bd (8 Dodge Bros CLA Dodge pf (7).... Dome Mines (2). Doug Pectin (1). Dupont (19) | Baton Axle (2).. Elec Powr & Lt. 29% BIP&LDL (7)., 90 | EP&L pf 40% pé 10414 Vh P&L fu:l pd (7 105 ec Str Bat (4). 64% ‘mmerson B pf. 231 End John (5). . { Endicott pt (7). Erte RR ... Erle 15t p Erie 2d pf. Exchange ¢ | Fairbks (2.60).. Famous F1 (8).. 106% Famous Pl fu pd. 104 | Famous pf (8).. 117 Federal Lt *1.40. 27 Fed Min pt (7). B8% Fisher Body (5). 82 | Pisk Rubber. 23 Fisk R 1st pt 107 Flelschmann(15) 107% Foundation (8).. 134% Freeport-Texas. 15% Gabriel A (23). 32% Gardner Motor. 9% Gen Asphalt. Gen Baking (8). Jen Cigar (8). Gen Blectric (8). 809 Gen El spec 606, 11% Gen Mootrs (17). 905 Gen Mot pf (1).. Gen Outdr Adv. . Gen Qutdr A(4). [ Gen Petrm (2).. Gen Ry 81g (6) .. Ginter (1%5) Glidden Co. Gold Dust. 43 | Goodrich Ru (4). 86% Goodyear pf (7). 103% Goodyr pr pf(8). 107 Granby Consol.. 17 Grt North p£.(6) 72% Gt Nor Ore (1).. 23 Grt Wstn Su.(8). 100% Gt West S pf(7). lu Green Canan. . u Gulf Mo & Nor. GuM&NPpL (6), xu Gulf States § (3) “19% Hanna 1stpf (7) 44%. 44% Havana Elec (6) 226 225 Whi 13%-. 87% Homestake (t4) . Household P (8) Flouston Ofl. ...« 63%, Howe Sound Co. Hudson Mn (3%) 85% ‘Hudson Mot (3). - 62% Hupp Mot (1)... 18% 18% “ 118% 1415 3 106 6 964 574 Advance in Late Features. NEW YORK The cumut: ing the price to b arked impr prominent industrial late trading. Americs Brooklyn Union Whee] cxtended points. Sales mppr sres. Buying of the the excellent z ac. Motors, lift- wulated made y. with |Tecorded by the tuminous coal umm “selling on the an- lit-up by s Co., sent 0 points before | Penn Power for the - Shattuck loss in the early he best gains b Southwestern ihe gt nouncement the Gener: 23% recorded “fternoor Some of the outstanding individual 3 H. Maey & Co.. | ginia, du| Burroughs Adding Machine and 1l of which above yesterday's similar inel quotations. Markets at a Glance Stocks—Strong; Dodge new high preferved at rman and French hle"uln Scan- beari lsh weekly tureless. ver; easier Brazlian o2 mrakets. 17216 GHICAGO: . " . 89% Wheat—Lower, Corn — Easy hedge pred lling ons Dbetter ‘m; light receipts Hogs—Steady to higher. —_— 445 350 455 20% TODAY'S METAL MARKET. NEW YORK, September 4 (#).— Copper “quiet. Electrolytie, spot and futures, 14%al4%. Tin firm; spot and nearby, 57.73: futures, 57.50. Iron steady; prices unchanged. Lead steady: spot, 9.30. Zinc steady; East St, Louis spot and futures, 7.65a7.70. Antimony, spot, 1 h CURRENT MONEY nAn-:s NEW YORK. ©all money stead; ruling rate, 4: closing bid. 4: oftered at 4143 last loan, coptances, 33;: collateral, 60 to 90 days, 4}iad4%%; 4 to & months, 414a4%: prime mercantile paper, 4ad time louns firm; mixed PHILADELPHIA, September 4 (Special).—Automoblie sales in this dis- irict have fallen off more than 20 er cent in the last month. 4 i 40% 3% 3 63% . Low. 638 Indep Olt (1)..,.. Indian Motorey. Indfan Refining. Indian Refg ctfs. *Ingersoll R(8). Inland St (2%).. Ingpir Cop (50c). Intgrub Rap Tr. Infernat Agri. Int Bus Mac (3) . Int Cement (4) In Cement p2(7). 1 Int Com Eng (2) Internat Har (5) Inter Har pf (7). Int Mer Mar pf. . Int Nickel (2). Int Paper. Intl Paper pt (7) Int Tel & Tel (6) Jordan Mot (3).. KCP&LII( (7). 107% City South. 37% K.lly -Spring.... 17 Kelly-Spring pf. - 61 Kelsey Whi (6). 94 Kennecott (3). .. Keystone T & R. Kresge S S (8).. Kresge SS pf(7). Les Tre & Rub. . Lehigh Val (3%) Liggett & M (t4) Lig & My B (14). Lima Loco (4).. Losws Inc (2)... Long Bell A (4). Loril 24% 115 15% Louis Gas A 1.75. Loulis & Nsh (§). Ludlum (2)..... McIntyre P (1).. McCro B (1.60) Mack Trucks (8) Macy HR & Co. . Magma C (75¢). Mallison & Co. .. Man El Sup(43%) Man-Elev gtd. .. Man Emd g (5). Man Shirt (13). Maracaibo Ofl. . . Marland O (76¢) Malin Rock (1).. Marlin Rock rts, Mart{n-Parry(2) May Dept St (5). Mexican Seabd. . Miami Cop (1). Midland P pt Minn & St Louls. M St P & SSM pf. Mis Kan & Tex. . MEK&Tpf (5).. Missour! Pacifle. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 7fc Motor-Meter (1) Motor Wheel(2). Nat Biscuit (3).. Nat Biscu pf(7). Nat Distiliers pt Nat Enamel & S. Nat Lead (8).... L Nat Ry Mex 2d.. Nat Supply (3).. Nt N G&E pf(7) N Y Air Br (4).. N Y Canners (2) N ¥ Central ( NYC&StL (6) NYC&StLp1(6). N ¥ Dock NYNH& Hart.3 N Y On&Wn (1). NY Rys part efs. N Y Shipbld (2). Norf & West (7). 134% North A (B3.40). 56 North Am pf (3) 50 orthn Cent (4) 78 North Pac (5)... €9% Norwalk (1.60).. 16% Norwalk T pf(7) 85 Orpheum (1.80). 29% Otis Elev: Otis Steel 5 Otis Steel pf.. .. Owens Bot (3).. Pacific Gas (8) Pacific Mail Pacific O11 (3). Packard (11.70). Paige Mot(1.40). Pan-Amer (6)... Pan-Amer B (8). Park & Tilford. . Penick & Ford. . Penn C & Cke. .. Perpsy RR (3). Penn Seab Steel. Peoples Gas (l)‘ 114% Phlla& RC&1.. 4l% Phillip Morris. 24“» Phillips Pet (2). 377 Pierce-Arrow. . . Plerce-Arrow pt. Pierce Oil. ..... Plerce Petrol. Pitts Coal. Pitts Term Coal. Pitts Ut pf 11.20. Pitts & West Va. Postum Cer (4). Press Steel Car. . Prod & Refiners. Pub Ser N.J.(5). 708 Pub S NJ pf (8). 115 Pullman Co (3).. 141% Punta Aleg Sug. 334 Pure OIl (1%) .. . 26% Radio Corpof A. 5% Ry Stl Spe (8).. 131% Rand Mines 1.79 364 128 93% 32 b7t 111% 104 53% 384 Reading 2d (2). Reid lem Cm(3). 50% Robt Reis & Co.. 23% Remington Type 79% Replogle Steel. . Rep Ir & Steel. Rep1&Spt (7). " 91 Rey Tob B (3).. 82% Rossia Ins (8).. 89 St Joseph Ld (3) 39% StL & S8anFr((7) 101 StLSan F pf(6). 89% 8t L Southwest. 66% Savage Arms. Schulte Swr(") lOEVa Seaboard Afr L... 44% Seabd Air L pf.. Beagrave (1.20). Sears-Rebk (6). 4| Shattuck F G(2) 724 Shell Un (1.40). . | Shell Un of (6).. i Stmmons Co (2). Stmms Pet (1).. Sinclair O1l. Sinclair pt ( Skelly O1l. . Sloss-Sheft Sloss-Shf pf (7). South Port § (6) South Pac (6)... Southern Ry (5). wm. South Ry pf (5). 9% | Spicer MIg. ... Std Gas & E1(3). StdGas& Erts.. [ Std G&E! pf (4). St Of] Calif (2).. StOIINJ (1)... 29% St Oil NJ pf (7). 117 Std Plate Glass. . 5% | Stew-Warner(5) Studebaker (4),. | Tenn cnwor ay. Texas Co (3 4745 | Tox Guif Sul 3. 109 Tex&PacC&O. 1% Tex & Pacific: ... Bil *Tex Pac Ld Tr. Third Avenue Tide Water (2! Tide W 011 pf(5) . m 1 ‘Timken R B (14) ma X Tobac Prod (§).. 91% ‘Tob Prod A (7).. Transcont Ofl... Underwood (3). . Un Bag & Paper. 22 % 6 - INFOREIGN BONDS SeveraI‘New High Marks Made Today—Domestics Also Show Firmer Tone. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 4.—Today's bond market was firm fof investment issues and strong for speculative and semi-speculative obligations. More attention was paid to foreign issues, in which group there was al- most uniform improvement. German 78 were the leaders, making a new high above 98 on heavy transactions. There was a sharp upturn in French cities 8s, all three issues, amounting to nearly a point and a half. Each of (l;ese bonds also made a new high for 1925, Large Yields Are Factor. The only explanation for the buying of the French cities 6s was that the maturity yield was larger than that obtainable on the direct obligations of the French government. Czechoslov: 88 retained their gains of Thursday. Most of the recent speculative favorites among the rails were again in demand. The leader was Denver and Rlo Grande Western Gs above 66 for the first time on this movement. St. Louis-San Francisco incomes and New Haven debenture 6s of 1948 were both strong. New buying came into the Florida Western and Northern 7s and the Chesapeake and Ohio con- yertible 5s advanced nearly 2 points. New Seaboard financing is understood to be scheduled for the near future. Tractions in Heavy Demand. Among New York City tractions, Brooklyn-Manhattan Transit. 6s -were in heavy demand above 90. Selling at $0 today they were still 2 points below the high of the year. There was go further weakness in the sugar bo Of the oils, Skelly 6133 were up o3 a point at one tim GOLD BASIS MOVES 254 | Special Dispatch to The Star. NEW YORK, September ' 4.—The continued advance in Ttalian, Nor wegian and Danish currencies had a common cause, namely, preparations for return to a gold basis. Italy can only do this by devalueing the old paper currency, quite IHkely on a basis of 5 to 1, resented by the current quotations for lira. Denmark is pretty well back to old-time parity. - Norway has made such progress in recent weeks that the final closing of the gap is readily predicted. FANCY YEA(‘HES HIGBEB XEW YORK, Septembgr 4 (Special), —Fancy peaches were in light receipt today and prices advanced. Elbertas from the lower Hudson Valley district wholesaled at $3.50 per bushel basket. Most of the New Jersey Elbertas were very irregular In condition and sold from $1.75 to $3.50 per bushel basket. BANK CLEARINGS JUMP. SAN FRANCISCO, September 4 * | (Special).—Bank clearings here for the | last %1 Aie Bhal is_Chal pf.. AL g‘n or the vear. month totaled $776.468,848, nearly $100,000,000 more than corresponding period of last Postal receipts advanced $4 ! DIVIDENDS. | ?I $! Stock of - Pazable cord. Nov 18 EEBHE .,.,;.:»n G : : ™ 192288 e o [ =TSN = AP = §eesrietanaeen { ot 1 1 o §28282 St risio R Ra FEas 9833 ¢ $ Fruse Co. FOREIGN SALES ADVANCE. NEW YORK, September 4 (#).— | Overseas sales of the General Motors Corporation in the first half of the year totaled 41,732 cars, compared with 33,- 956 for the same period of 1924. The @ & g % |Motors last year in London and Co- werp, Buenos Aires and Sao Paulo: TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) fter. 516 1-16 | Midvale Steel 6. '5.30 | Montana Pow 5s.. 972 | New Eng Tel b Un Pactfic (10).. Un Pacific pf (4) Utd Alloy Steel. . Utd Cigar(ad$). UtdDrug 18t 3%. Utd Ry Invest... 28% 224 U § Cast Iron P. 161 U S Distributing a2 86% 87 140% 4 5 __74%__18 82 U b3% U lfl?‘i mm U S Smelting(3). 68 7 11’% lll U S Steelp! (4).‘ um Universal Pipe.. 37% 37 Ut P&L A (3).. 31% 1% Va-Caro Chem 2 2 Va-Caro Ch pf 9% Vlfludou. 3 ‘Wabael 43! w.bun DEA (B) 704 ‘Ward Baking B. 6 ‘Ward Bak p£(7). 110 ‘Warner A (1%). ~20% 20 Warren Co ($) .. 31&,‘ gu 43 434 West Ma 24 BI. Western W Vi sy velanss White Mot (4).. 92% White Rock (12) 39 Wickwire ctfs, l&i Willys-Overid. 93 88 ¢ 4 wuw-—oa pI(T). m ‘Wilson & Co. ... Veilton & Co'vk.. 10+ Wodlworth (3).. 1s8 Weight Aero(1). ‘Wrigley (13%).. Yellow C (2.52). !ouu-wwn “). which would be rep-| Lib2d 4%s, Lib3d 4 s, Lib 4th 4% USds o US4%ss2 Argentine Aus govt is Austria 7s. ‘Belgium 6% s Chile 75 1943 Chile 85 1926 Chitle 85 194 Christlania Cuba b%s. .. Czecho 8s 195: Czecho 8s 195. Denmark 6s Dutch Bast I Finlands 7s.. German 7s. Ger Gen Klee Lyons 6s. Marseille SB | Mexico 4510 | Norway 6s 19. Norway 6s 19 Norway 6s 19, Norway §s. Paris-Ly’s-M Poland 8550 Porto Alegre Queensland 6 Queensland 7: Rio de Jan 8s Rio de Jan 88 Seine Dept cf Solssons 6s. . Swiss 515 194 Am Smit& R Am Smit & R AmT&Tclt AmMT&Ts? AmT & T deb Am Writ Pap Anaconda 1st Beth Beth Steels f Bklyn Ed g Commonwth Argentine §s'55. Argentine 6s A { Netherlands 6s72. LIFT FOREIGN EXCHANGE | Xorway s4smt Paris-Ly’s-Med 7s. Paris Orleans 7s AmT&Tcltrds.. Atlantic Refin 5s. Bell Tel Pa s Beth Steel pm Steel 535 Cen Leth 6345 cfs Col Gas & El 5s... Col Gas & El bs sta. Consumers Pow Cuba Canecvd$a.. Cuban Am Sug 8 Dery (D G) 7!4‘ : :U( ITED STATES. Iss are in §1,000.) ‘Sales. High. Low. Close. 23 100 27 100 25 100 27 _ 1025 101 24 101 30 101 10028 100 31 10117 101 14, 1026 3 102 22 52 1068 FOREIGN. Sales. High. Low. Close. 75 96 95 108611 wi. Belgium 7s wi, s Canada Fs 1952, Canada 55 1929 Con Pow Japan 75, Copenhagen §%s. 1. 2 et 6382, 1s. Japanese 4s5. 4 . Japanese 6%4s. . Jergens U M 65747. asntd | Netheriands 65 °54. 4 106% 95 5 100 1004 100% 110 86% 43. 44. 52. ed 63. wi 8s. 5 s S 1946. 1947, 7s... Serbs Crot Slo 8s Sweden 538 ct Ud Kingm 5% *29.. Ud Kingm §148 '37. Ud Steam Copen 65 1 MISOELLANEOUS. Am Agr Chem 58. Am Agr Chem 743 102% 103% 98 1074 974 101% 102% 4« 104 1st s 14 rés.. Se.c.. Stas. er 6. 68, . Anaconda cy db 7s. Andes Cop 7sret . - P .—uuuoun-.-wnmm_. e Ffil,. Goodrich 8341. Goodyear 85 1%1. . 7 Hershey 5 figures include both export ssles and Hershey 68 1942. ols Bell 1.:2 N 1y thi | Int T & T'5%6s wi:.224 penhagen and early this year in Ant. FCP &Lt oo A 63, Kelly-Sprifg Lackawa 8 Lacl G ref 68 4. 2209 | Laciéde G 53853, TR Loutsv G & K 5852 Manat! Sug sf 7342 Mid-Con 638 N Y Ed 5344 140% 139% 140% | N Y Iiden 18t 6% NY Teldl N Y Tel 6s'41... 82% | N Y Tel 68 '49. 54% ' 54% | North Am'Ed 6s... 221 | North Am Ed §3%3. 164% | Nor Ohio T & L 6s. Nor States Pow bs. 40 | Nor States Pow 8s. Otis Steel 7%, . 52% 52% | pacific Gas & !l Puo T&T 55 an-Amer P 40, RSausves~on - wi. Ge8irne o e Pakabn muh Co ret 6 4 124% 124% | pjerce-Arrow'8 88% | public Service 32% | pub Serv Elec Remingtn Arms 6= Sinelatr ONL 7 SmCOPLSE 9% | Stnclair O11 §5. 14% | Sinclair O11 l%! USSteelsfis. ... Utah Pow & LtGs.. 11 Va-Car Chem West Elec b ‘Westinghou: m-m-i--:n' B& O'I‘llfi Va-Car Ch T%HEW.. ertientes Sug 7s.. ug 75 °89. R Buff B&Pitt4%s. 17 87 86% Canad North 6%s.. 2 117% 117% Canad Pac deb 4s. . 80% 80% Central Pacific 4s. Cent Pac 15t 55 '950 IZS Ches& Ocv 43 =Za2 gaaadaaqagq =§. 4 Chi Union Sta 58 44 Chi& W Ind cn 4s, . Clev Term Gs. Cleve Term 5%s Cuba R R 58.. De! & Hd 1st rf 4s. Del & Hud 534s.... D & Rio G imp bs. . D & Rlo G Wt 6s. Det United 43%s. .. Erie 15t cons 4 E: Erieconv4s A.. Erie conv 45 B. . e conv ext 7s FlaEC5s'74. Gr North gen 7s... 2 Havana HRL&P ‘50 Hud & Man ref 6 Hud & Man aj 53 11l Central 5%s 111 C-C St L&N Int Rap Tran 6s. .. Int Rap Tr bs stpd. Int Rap Tran 63 Int Rap Tran is Int & G Nor aj 6 Kan City Ft § 4s Kansas City S 3s. KansasCity S b8 Kan City Term 43 Lake Shore 45 28 Lake Share 45 °31. Lehigh Valcn 4s... Long Island rf 4s. . Market 5t Ry 7. MilEl Ry & L G8. M St P & SSM 5%s. 18 M StP & SSM 6%s. 7 MK&TprinssA. 39 Mo Paclfic gen 4s.. 13 Mo Pac 5s 1965. Mo Pacific 6s. Northern Pac r | 6 Ore Short Liref 43 Ore-Wash 1strf da. 1 Pennsylcon 44s. . Pennsyl gen 4% Pennsy! gen 6s. Pennsyl 5s ‘64 Pennsyl 614 Pennsyl gold Pere Marq 1st 5 Reading J C4s'51. RIArk&L4%s. St L TM&S 4s°2 St L IM&S R&G 4s. StL&SFplilA.. 4“ 19 lol'/a s 108% 98% N 874 954 St LS W con 4532, 17 Seabd A L ref 1 Seabd A L adj i Seabd A L con 6s.. 25 Sou Pacific 4s ‘29.. 13 Sou Pacific vit 4 2 Sou Pacificref 4s.. 12 Southern Ry gen 4s 42 Southern Ry 1st bs. 10 Third Ave ref 4s. Third Avead] 5s. Tol St L & W 48 Union Pac 15t Union Pae 1st rf 45 Unilon Pag 45 '27... Virginia Ry 1st 63 101 -mum—fliv-Smu-:: Wabash 5% 5 '76. Western Md 4 Western Pacific Wheel & L E cn 4 Wisconsin Cent 4s. 24 SHORT-TERM SECURITIES. (Quotations furnished by Redmong. & Co.) oon.—— Agirond. P. & gy == PEFATEE EREE coroecd i SRR ' poprs Son s it oo e 5532 3225373888582 S22SEERRRT B e bstarh ‘il =5:88: 23 8 R O SR E it b kil 55055553 8555353228 Vestern Uniory Westinghoute E & t&& 3 100 Aurust 15. 1025, - CRUDE RUBBER LOWER. EESe 2553 —Crude rubber declined 2 cents to. day. to- 84.cents a pound. This eom- pares. with 92 cents a month age und 2614 .cents a.year ago. s e 2. BUTTER HIGHER ‘IODAY. CHICAGO, September 4 (#).—Buttef higher; receipts, 11,506 tubs; creamery 6641 1.50: damsons, basket, 8521.00; 32;’: loupes, basket, NEW YORK, September-4 (Special). | jumped over the dollar mark IN'GRAIN TRADING On Jar;dine's Advice, Steps‘ Are Taken to Halt Wild -~ Price Fluctuations. By the Assoclated Pres CHICAGO. September 4.—Members | of the Chicago Board of Trade, by a vote of 601 to 281, yesterday author- ized the board of directors to submit rules and amendments calculated to prevent erratic price fluctuations in future contracts, as suggested by Sec- retary of Agriculture Jardine. Modern Rules Needed. The vote was not upon a specific amendment, but merely on the propo- sition of authorizing the board to proceed in the work of formulating suggested rules under which a mod- ern clearing-house system would be established. Whatever rules finally are decided upon after hearings, in which all members will be privileged to offer their suggestions, will again be sub- mitted to the membership. The present clearing system of the gin€ T Chicago exchange developed gradual- Iy with the growing grain trade here, and is held by some traders to be {nadequate for present-day trade con- ditions. Great Step Forward. Other exchanges, motably Minne- apolis and Kansas City, have more modern systems, and it is not un likely that the new arrangement here will follow more closely the rules on those floors. Frank L. Carey, president of the board, declared the action was “a great step forward, 'which will benefit every one interested in the marketing 5 urm 154 128y 1.00% 88 il maiy nkn abwrl I3 ER3 S8k 353 a=Zs e jrie] isie s -jconu GETS ABOVE $1 IN FUTURES MARKET Adds Nearly 2 Cents Per Bushel to Yesterday's Rise—Drought Is Cause. CHICAGO, September 4.—Corn today for ordinary contract deliveries made an) time this month. Some of the earliest trades showed September at nearly 2 cents a bushel gain as compared sterday’s finish, 993 cents. New crop deliveries also scored a material fresh advance. Continued drought and heat kept the market tending} higher. Initial quotations % to 1 cent up, September 1.00% to 1.00% and De-| 110% | comber. 85 1o E8%, wers followed by something of a reaction, but then by a rise that lifted September to 1.011: and December to 88%. Wheat was easier, influenced by relative weakness of prices at Liver- pool. Opening at i cent off to 3% up, December to 1.543% and May 1.58% to 1:58%, the market here underwent a moderate general setback and then recovered somewhat. Oats sympathized with corn. Start- ing unchanged to ; cent higher, De- | cember 43 to 43%, the oats market held near to initial figures. In line with hogs values and with corn, the provision market was higher. — GRAIN AND PROVISIONS. BALTIMORE, Md., September ew potatoes, per 0; beans, bushel, -50a2.00; cabbage, 100, 3. ; sweet potatoes, barrel, 1.00a3.50; yams, barrel, 1.00a3.00; carrots, 2.00a4.00: corn, dozen, 8a20: celery, crate, 1.00a2.00; cucumbers, basket, 25a 35; eggplants, basket, 25a35; lettuce, 1.00;3.00: lima beans, 5: _peppers, basket, 20a30;| 1.50a1 squash, basket, 15a 25; tomatoes, hamper, 25a40: packing 96% | house stock, bushel, 30a50. Apples, barrel, 1.00a3.50; bushel, 50a canta- 30a76; grapes, basket, 50a8 huckleberries, pears, bushel, 1. 60a 1.10; watermelons, each 6a30; peaches, bushel, 2.25a3.25. | Selling Prices at Noon. Wheat—No. 2 red. Winter, spot, domestic, 1.54; No. 2 red Winter, gar- ticky, 1.50. Sales—Bag lot of nearby at wharf at 1.45. Gorn—Cob, _ yellow, nominal, per bbl; spot, 1. Sales—None. Oats—No. 2, new, 47; No. 3, new, 8. Rye—Nearby, new, 90ai.1); No. 2, rye, spot, no quotations. 5 Hay—Receipts, 7 tons. Thé demand for new hay is rather of a restricted character, the trading at the moment being mostly in less than carload lots, For the better grade of timothy and choice light clover mixed hay there is a fair demand in a jobbing way, but all_heated or damaged hay has no definite market value and is hard to move at any price. Quotations, per ton, today: timothy, 21.50 3 timothy, clover mixed, 19.50a20.80; No. A 215.00; No. 1 clover. mixsd, 185041900, Straw—No. 1 wheat, 11.00a12.00; No, 2 oat, 12.00a13.00. W, spot, 5.50a6.00, track vellow, No. 1, FOREIGN EXCHANGE. (Quotations furnished by Y. B. Hibbe & Co.) Nominai Selling checks gold valye. ~_today. London. pound...." $4.8065 34848 (ontres.” doilar 198 i * t hear" the evidence. t. crown. extras, 4414; standards, 44; extra firsts, | Bracee Gronn 43a43ig; firsts, 41a42; seconds, 38.40. [Wareww. zlowy Eggs—Unchanged; receipts, cases. CLOTH PRICES FIRM. NEW YORK, September 4 (Special). 7,448 Chfl Stocl NEW YORK, Sept Seplember 4 P, Foreign exchanges. irregular. (Quota: tions in cents): Great Britain, demand. 4841 cables, 4847 60-day bills on —Cotton goods were quiet today, but [ banks, 481; France, demand, 4.63%: prices were firm. Print cloths. were | cables, 5% | quoted 4t 9% cents for 64x60s and | cables, 10% for 68a72s, the latter.an elghth] 4.4414: cent advance. Raw silks advanced 5 | Norway "|to. 714 -cents In active market. The|mark, 25.26; Switzerland, 19.31; Spain. top price is now §6.80 for XX-A 20x22 | 14.23%: Greece, NEW YORK DAIB.Y PRICES. NEW YORK, Butter . firm: . receipts, 8,990 tubs. Creamery, higher than extras, 47ad71;;. do,, .extras (92 score), 4615: do., firsts. (88 to 91 score), 43a46; packing stock,. jcurrent . No. 2, 36. mlltmlu cases. te extra firsts %i.. 11.78%; 463%; Ttaly, demand, 3.96: 3.99%. Demand: Belgium, Germany, 23.80; Holland, 40.24; 21.35; Sweden, 26.81: Den 1.49; Poland, 18.15; 2.96; Jugoslavia, Austria, 0011 %: Rumania, 49%; Argentina, 40.; Brazll, " 13.25; Toklo, 40%; Shanghai, 89%. Montreal, Czechoslovakia, September 4 (). — | 100. POULTRY UFSETTLED. CHICAGO, September § UR)—Poul: try—Alive, unsettied; receipts, 11 cars; fowle, 18a24%; broilers, 31 ‘Springs. 24: rgosters, 17: turkeyvs, 2" ks, 18| a23; geese, 10417, it ‘| to abandon its line e bushel, | SLUMPS IN YEAR Reduction of $798,688,9‘25“ Recorded for Period End- ed August 31. BY CHAS. P. Gross_indebtedness of States Government on A amounted to $20,445 senting a _reduction in the months of $798.688,924.50, and of $6,150,038,750.20 1919, when the peak, $26,596,701,648.01 Slightly more than the gross indebtednes: by bond $16.806,524 sta notes in circulation tot and certificates $571,455,000. Treasury war savings certificates outstanding - amount to §383,371,191.59 Matured debt on which interest has ceased totals $17,745 5. and the , debt which bears no interest amounts. to $263, Net balance in the general the Treasury on August 31 SHAEFF the Treasnry 1 $2,404.241.400 fund of mounted « Lower Interest Rates Seen. Delegates from 46 joint stock land banks attending the annual conven tion in Colorado Springs have formu lated a program which, they antici pate. will increase by several hundreds of millions of dollars the sup; money which will be availa requirements at lower in studying 1he agxlculxuml credit situation, gave counsel as to the best ways and means of amplifying the amount of money . which each year may be loaned to re sponsible farmers. Under the plan, joint stock land banks expect to borrow money the public through the sale of wholly tex-exempt bonds at 414 per cent This money in turn wiil be loaned by them at 51; per cent. Both interest rates represent a concession of o half of 1 per cent under present pre vailing levels. Funds for All Farmers Robert A Federal Joan commissio told the delegates that “for the fi time in the history of the United States there is now an abundance of money obtain: any farmer who has productive d a reliable knowledge of his business and a reputation for paying his | debts.” This condition, which he at- tributed in large measure to the suc cessful operation of the Federal f loan system and suppleme stitutions, was believed by | sure “prosperity for the farmc kind of prosperity he never has kne before—and a degree of prosper which will be limited only by his | ity to use with ntage the money | he obtains.” Cooper, er, {officlal Govrnmental adviser on agri cultural problems, the supply of loan able funds is now ample and will cor | tinue so. “There is every likelihood ! that the supply of capital will flow the investment market in tively steady stream d three or four years,” hi > ing but a continuous demand for cap tal can keep interest present level and any demand will send interest rates dow {and bond prices up.” Petition Before I. C. C. _ The Chicago and Northwestern Rail Way today asked the Interstats Com merce Commission for authority to acquire control of the Chicago, St Paul, Minneapolis and Omaha Rai way throngh the acquisition of cap ital stock of the latter. Outstanding capital of t carrier, other than that already by the Northwestern, wa $5,879,300 in preferred a in common issue. The has owned approximately of the Omaha stock since 1 Acquisition of the remai ng shares would be upon an exchange basis a the ratio of five shares of Northwest ern common for seven shares of Omaha common and three shares of Northwestern common for two shares of Omaha. preferred. The Bureau of Finance of the In terstate Commerce Commission toda: recommended to that budy that the outhern Railway Co. be authorized ndir fr \ Omaha . owned ol l)ex cent Morristown to Corryton, trackage of 39 miles. Railway Preferred Lower ‘Today’'s abbreviated sessicn on ‘Washington Stock Exchange w tured by a further slump on the par of Railway preferred, whic to 87% on an odd-Ic Potomac Electri par and Capital Traction was the only other activit Labor Day (los g The Washington as well as all other excha: local banking institutions w suspended on Mondsy next, Labor |RELEASE ON WRIT DENIED PARKHURST Youth Charged With Assaulting Girl Must Remain in Jail Till November. Special Dispatch to The ROCKVILLE, Md., September- 4. Release on habeas corpus was denied Robert S. Parkhurst of Berw: beth Price of Silver Spring, ata h X {ing befors Judge Robert B. Peter this morning. The court digmissed the application } after hearing &n extensive argument M. Hampton Magruder, attorney of Prince Georges County. He held that inasmuch as the girl had post tively identified the prisoner and there were indications an assault had been committed, the law's exactions were plain. He did not want to appea. as trying the case, but merely of safe guarding the interests of the com plafnant. Parkhurst will remain ifi Jail her until about the middle of November: - when the grand jury will be ready Yo SINCLAIR OIL'S INCOME NEW YORK. September 4 (#).-%° Vet income of the Sinclair Consolidat ed Ofl Corporation available for sur pliis and reserves in the first half of 1925 totaled $10,260,485, compared with $9.053,104 in the corresponding period last year. Gross earnings. for the first six months were $68,444,156 DEEPEST WELL BROUGHT IN. ELDORADO, Ark., September "4 (Special).—Interest in this section Huk' shifted recently to the Calion district" in the old east fleld, where a 150-barrel | well has beenbrought in at 2,570 fect. on the Ezell lease. This is the deepest well has been brougit in at 2,870 feet * the third Smackover sand. | GRAPES IN HEAVY DEMAND SACRAMENTOQ, September 4 (5 clal).—Wine grapes now being shipphds range in price from $8 5to $87.50 per- ton. for, hm onguu«. with demand, . goed. 3 v t | According to Dr. David Friday, un-h » i Y { ? 1