Evening Star Newspaper, September 12, 1925, Page 14

FINANCIAL. SHARP STOCK GAING REMAIN UNABATED Saturday Market Strong, With New High Marks in Many Leading Issues. By the Associated Press NEW YORK, September 12. ulation for the rise continued unabat- ed in today’s brief session of the stock market. Easy money ratos, reports, rumors of higher Gividends and several other generally accepted bullish factors were brought forvard by pool r to explain the fur- ther app in quoted values. Several new highs w the motor group, shares of the so-calle ducers Mail order ing shares swept forward leadership of oebuck, reached r favorable trade ticularly quantity by pro ndis- under the { which arising cite mir accumulation of Virginia, which c high. American Can duplicated the vear's ted in the tshurgh and West pssed 81 to a record ing was stror Total sales ated £00,000 shares. MOTORS HOLD UP WELL. Heavy Selling Follows Record Ad- vances. BY STUART P. WEST. Specfal Dispatch to The Star. NEW YORK, September 12.—An- other active session in the stock mar- ket today left off without much} change in the general list. The up-| ard movement continued during the rst hour, but in the second and last ars a sli; reaction occurred. The ling was heavier relative to the new buying than,on any day of the week. | Remarkable Showing. The leader ug the motor shares made anoth arkable showing. General Mo sold at a new high early in the but did not do much later. It was Studebaker and Willys- Overland which provided the big fea- tures. ade under the same | powertful out of its rut around 48 and pushed it through 50, got well across 56. The h figures were ched just before | the close. The trading in Willys-Over- land was extremely heavy, with the stock up over 2 points Among the motor accessories the vere Haves Wheel and cen Rolier Bearing. The rubber nd tire shares were not as prominent had been on other days. Steel Shares Active. Some of the independcnt steel shares were in better demand. The continued advance in Youngstown Sheet and| Tube, which r¢ hed a new high, was associated with the usual merger ru- mors. Republic Steel and Crucible Steel were both up a point, but United cel did comparatively little: The rise of the last two days in Worthington Pump ppeared to be based on rather indefinite reports of improvement in business. 'The com.! pany had riy good year In 1923, but made no money to speak of in For the quarter of 19 unofficial advices w a small deficit 2 preciation, but befor: dends. ; Amer. | high. Virgin a-Carolin Chem- | ical ‘tive. Foreign exchanges, irregula rwegian Kroner react. Cotton, 3 avorable weather. Sugar anc CHICAG threshing returns path; with wheat Hogs, dull. COPPER SURPLUS HITS LOWEST MARK SINCE WAR Remarkable Reduction in Supplies in August, Latest Sta- tistics Reveal. NEW YORK fcan Can d Bonds, steady’ Corn, lower; sym- | Cattle, steady. By the Associated Press. NEW YORK, September 12— Stocks of refined copper in the hands of American producers on Sep- tember 1 calculated by the Amer- ijcan Bureau of Metal tistics at| 154,686,000 pounds, a_drop of 21,330, 000 pounds, compared with August 1.| This is the biggest reduction in the history of the industry and puts stocks at the lowest level since the war. Refined stocks on July 1 were 652,000 pounds, a decrease of 36,000 pounds under the month be- fore. August shipments were 241.- 388,000 pounds against 235,000,000 in July. The month production for North and South American mines, including refinings from imported ores, came to 220,058,000 pounds, against 228,364,000 in July. TREASURY CERTIFICATE (Quotations furnished by Redmond & Co.) 18 1007 100 1 991318 99 SHORT-TE}E[ SECURITIES. (Quotations furnished by Redmond & Co.) Adirond, P. & L Alum. Co. of A Amer. Beet Sugar 6s, 19; Am. el & Tel. Co. 45 1920 Andconda. Copper 68 b Associated Oil 68 19: Baltimore & Ohio_Gs Bethlehem Steel Central of Ge LML &St Chi R.I. & City of Lyons 0s 1934 &E 1 Hock. Val. R, Humh'}‘rpou blas Lehle o S 50! Morria & Co New York Cen Penna R R 75 g klllclig ((dr Onl Pur Co 68 Swi 4 Thin Bac R R, Co. & U. S. Rubber 7ias 19 Western Union 6 Weatinghonse £ & o water 101l 6125 1941 called sust 15, 1925. WOOL BUYING ACTIVE. BOSTON, September 12 (Special).— A fair amount of activity in the week end was reported in the wool markets today. Mills continued to take on’ of- ferings wherever prices were attrac- R FFERAR IR ShC e 50055 3! ESEE22355R22. S 3 called at 106, Thde- at 10I% Au- Adv Rumley. ... Ahumada (11).. Ajax Rubber. . Alaska Juneau. | Allied Chem (4 Allis Chalm (6)., Allis Chal pf (1) | Am Agricul Chm Am Ag Chm pf.. Am Beet Sug(4). Am Bosch Am Brk Shoe(5) Am Can (17)... Am Car&Fdy (6) Am Chicle. Am Chicle ctfs. . Am Drug.... Am & For Pow.. Am Hide & Lea Am Iee (T) Am Internatl. .. Am La Fran (1). Am Linseed. . Am Loco (118).. Am Metal (3). .. Am Radlator (4) Am Ry Exp (6) . Am Safety R (3) Am S & Raf (6). Am S &R pf (7). Am Stl Fdys (z) Am Sugar. Am Tel&Ca ['\) Am Tel&Tel (9). Am Tobacco (7). Am Toba B (7).. Am Tobac pf (6) Am WW&E] 1.20 Am Woolen. Am Wool pf (7). Am Writ Pap pf. AmZinc pf..... Anaconda (3)... Armour Del (7). Armour Il A(2). Arn Cons&Co. .. Arnold Con ctfs. Art Metal (1)... Asso Dry G(2%) Asso 01l (2) Atchison (7).... Atchison pt (5). At] Birm & At... AUGUI&EWI.. Atlantic Gulf rts Atl Gulf & WI pt Atlantic Refing. Atlas Powdr (4). Atlas Tack. . Austin-Nichols. . Baldwin L (7).. Balto & Ohio(5). Bal & Oh pf (4). Bang & Ar pf(7). Barnsdall A. Beech Nut(2.40). Belding Bros(3). Bethlehem Stl Booth Fisherles. Briggs Mfg(3%) Bki-Man Tran. . Bk-Man T pf(6). Bkl Union G (4) . | Brown Shoe (4). Brunswick-Balk. Brunswick Ter. . | Bu Ro&P o.1. (2). Burns Bro (10).. Burns Br B (2).. Bur Add Ma (3). Bush Ter de (7). Butte Cop (50¢). Butte & Sup (1) Butterick. ...... Caddo Central. .. Cal Packing (6). Calif Pemt (2) Callahan Zinc. ... Can Pacific (10). Cent Leather... Cent Leather pf. Cerro d Pasco (4} Certain-Teed(4) Chandler (3)... Chees&Ohlo (4). Ches&O pf(6%) . Chi & Alton. ... Chi & Alton pf. Chi Great West. Chi Gr West pf.. Chi Mil & StP... {cCM&stPetrs.. Chi Mil & StP pt Chi& Nwn (4).. Chi Pneu T (5).. ChiRI&Pac; .. CRI&Ppt (7). Childs (12.40)... Chile Cop (2%). Chrysler Corpn. Chrysler pf A(8) luett Peab (5). Coca-Cola (7). Col Fuel & Iron. Col Sou 2d (4). .. Col G & E (2.60). Congoleum (2).. Conley (sta).... Consol Distribut Consol Gas (5).. Consol Textile. Cont Can (4) Cont Mot (80¢).. Corn Prod (2)... Corn Prod pf(7). Crucible Stl (4). Crucible pf (7).. Cuban-Am S (2). Cuban Domin. Cuyamel Fr (4). Davison Chem. . Del L & Wn (17) DRG Wstpf... Dodge Bros Cl A Dodge pf (7).... Dome Mines (2). Doug Pectin (1). Dupont (19).. Dugquesne pf Mastman (18)... Eaton Axle (2).. Elec Powr & Lt. | E P&L pf 40% p¢ EIP&LpL (D).. Elec Str Bat (4). Emmerson Brat. Emmerson B pf. End John (5). ErieRR ... Erie 1st pf. Srie 2d pf. . Exchange (1%). Fairbks (2.60).. Famous P1 (8).. Famous Pl fu pd Famous pf (8). . Federaf Lt *1.40. Federal Mines. Fed Min pf (7).. Fisher Body (5). Fisk Rubber. ... Fisk R 1st pf (7) Fleischmann (6} Foundation (8). Fox FilmA..... Freeport-Texas. Gabriel A (2%). Gardner Motor. . Gen Am Tnk (3). Gen Asphalt. . Gen Baking (8). Sen Cigar (8)... Gen Electric (8). Gen El spec 600 Gen. Motors (17) Gen Mot pf (7).. Gen Outdr Adv.. Gen Outdr A(4). Sen Petrm (2).. Gen Ry Sig t7%. Ginter (1%) Glidden Co Gold Dust. Goodrich Ru (4. Goodyear pt (7). GoodyT pr ptf (8). Granby Consol. . Grt North pf (5) Gt Nor Ore (1).. Grt Wstn Su (8). Green Canan. ... Gulf Mo & Nor.. GuM&Npt (6). Hanna 1stpf.... Hartman (2%).. Hayes Whl {3%. Hoe & Co A (4).. He estake (14). Howsehold P (3) Houston Ofl..... Howe Sound Co. Hudson Mn (23%) Hudson Mot (3). Hupp Mot (1)... tive. Prices generally were gteady. A kittiwake bird recently shot in Newfoundland had flown across the i a numbered band on Tllinots Cen (7).. 111 Cent pf (6) Iadep Oil (1).... Indian Motorey . Indian Refining. . 104% . 244% — Close. 15 10% 1% Open. High. Low. 15 16 18 10% 10% /10% 1% 1% 11 1% 1% 1% 105 104% 91 89% 108 108 22% 22% 68% 67% 361 6% 34 833% 119% 119% 248 244% 110 524 50% 5 42% 10% 91 108 224 67% 364 33% 119% 109% 51% 50% 5 42 10% 122 838% 13% 84% 124 51% 115 77 66% THE EVENING STAR, WASHINGTON, D C., NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star i Inland St (2%). Inland Stl pf(7). Inspiration (2).. Interub Rap Tr. % | Int Bus Mac (8) Int Cement (4).. In Cement pf (7 Int Com Eng (2) Internat Har (5) Int Mer Marine. . | Int Mer Mar pt.. | Int Nickel (2). Int Paper Intl Paper p Int Ry Cent Am. Int Shoe pt (8). . Int Tel & Tel (6) Int Tel & Tel rts. Jewel Tea pf(7). Jordan Mot (3).. Kan City Soutn, Kan C So pf (4). Kayser (Jullus). Kelly-Spring. . Kelly-Spring pf. Kelly-Spring 1st Kennecott (3)... Keystone T & R. Kresge Dept S... Lee Tre & Rub. . Lehigh Val (3%) Liggett & M (t4) Lig & My B (14) Lig & My pf (7). Lima Loco (4).. Loews Inc (2). Loose-Wiles. Lorillard (3). Loulsiana O11 Louls Gas A 1.76 Ludlum (2) Mack Trucks (8) Macy H R & Co.. Magma Cop (3).. Mallison & Co. .. Man Emd g (5). Man.Shirt (13). Maracaibo O4l. .. Marland O (75¢) Malin Rock (1).. Marlin Rock rts. Martin-Parry (2) May Dent St (5). Metro Ed pf (7). Mexican Seabd. . Miam! Cop (1).. Mid-Continent. . Middle States. Mid St Pr pt $10. Minn & St Louts. M St P & SSM pt. MStP&SSM 11(4) Mis Kan & Tex.. MK & T pt (5). Missour! Pacific. Missour Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3) Mother Lode 7he Motor Met (3.60) Motor Wheel(2). Murray B (12.40) Nash Mot (116). Nat Biscut (3). Nevada Copper. NY Air Br (4).. NYAIrBr A (4) Y Canners (2) IR 4| N Y Central (7). NYC&StLDL(6). N Y Dock N Y NH & Hart. N Y On&Wn (1). Niag Fpf (1%). rf & West (7) North Pac (5) orwalk (1.60) innally (1). Ontario Mining. Oppenheim (3).. Orpheum (1.80). Otis Elevator (§) Otis Steel. Otis Steel pf.... Owens Bot (3).. Pacific O11 (3)... Packard (11.70). | Paige Mot(1.40). Pan-Amer (6)... Pan-Amer B (8). ParR & Tiiford.. Penick & Ford. . Penn C & Cke. .. Pennsy RR (3). Penn Seab Steel. Pere Marq (4).. Phia Co (4)..... Phila& RC &I Phillip Morris. .. Phillips Pet (2). Phoenix Hosiery Phoenix pf (7). Pierce-Arrow. .. Pierce-Arrow o Pierce Ofl. . Pierce Pet!lfl . Pitts Coal. Pitts Ut pf 11.30. Pitts & West Postum Cer (4). Press Steel Car. Prod & Refiners. Producers&R pf. Pub Ser N.J.(5). Pub 8 NJ pf (7). Pub Se E&G pf 6. Pullman Co (8). Punta Aleg Sug. Pure Oil (1%).. Radio Corp of A. Ry Stl Spe (8 Ray Cons Cop. Reading (4).. Remington Type Replogle Steel. . Rep Ir & Steel. .. Reynolds Sprngs Rey Tob B (3).. Royl D(al.73%). St Joseph Ld (2) StL & SanFr((7) St L Southwest. St L Swn pf (5). Savage Arms. .. Schulte Stor (§8) Seaboard Air L.. Seabd Alr L pf.. % | Seagrave (1.20). 30% 41% 45% 46% 41% 68 24 36 66% 20% 117% . 116 2674 21% T4 | Sears-Rebk (6). Shattuck F G(2) Shell Trans 2.18. Shell Un (1.40) Shell Un pf (6) Simmons Co (2). Simms Pet (1).. Sinclair Ofl..... Skelly O1l. . Sloss-Sheff (6) .. South Pac (8) Southern Ry (5). South Ry pf (6). Spicer Mfg. Std Gas & EI(3). Std Gas & E rts. Std G&EIL pf (4). St Oil Calif (2). StOINJ (1)... StONINJ pf (7). Stew-Warner (5) Stromberg (6).. Studebaker (4).. Submarine Boat. Symington A(2). Telautogph 25¢. . Tenn Copper (1). Texas Co (3). Tex Gulf Sul (8). Tex & Pac C & O Tex & Pacific. . *Tex Pac Ld Tr. | Third Avenue. .. Tide Water (1). Timken R B (4) Tob Prod A (1) Transcont Ofl Twin City (4) Underwood (3).. Un Bag & Paper. Union Oil (1.30). Un Pacific (10).. Un Pacific pf (4) Utd Cigar(adt). United Drug (7). UtdDrug 1st 3%. Utd Ry Inves pf. U S Cast Iron P. U S Distributing U § Ind Alcohol. S Realty (8).. S Rubber. S Smelting U u u Open. 431 108 28% 28 140 70% . 105 4% 132 8% 81% 3414 6874 914y 33 17 130 2 111 43% High. Low. Close. 431 43% 43% 108 108 108 28% 28% 28% 284 27% 2T% 141 140 1403 704 T0% T0% 106 105 106 AT% 4T 47 132% 132 1821 8% 8% 8% 32% 30% 32% 4% B84% Bdu 687 684 68% 921 91% 924 33 38 u7 17 1284 128% 7 11 425 22 12 11% 48% 111 12 54 890 14% 83% 46% 103% 3% 58 48% 60% 34 141% 75 84 128 65 67% 168 33% 33% 91% 91K 141% 141% 57% 57% 46% 46% 3 44 8% 58 48 60% 344 141% 5 84 128 65 6% 168 SR INTEREST GENTERS INFOREIGN BONDS All Recent Leaders Strong as Week Ends—Home Is- sues Are Quiet. “BY GEORGE‘ T. HUGHES. Special Dispatch to The Star. NEW YORK, September 12.—For- elgn bonds continued to attract the most attention in the bond market at the close of the week. All the recent leaders were strong, and some of them made new highs for the year, among the latter being Department of tke Seine 7s. French 7s equaled their previous high, established Friday. = French Citles 6s were all in demand around the best of the week. Elsewhere in the European group, Austrian 7s again touched par, and City of Copen- hagen 5%s gained % point on strictly investment buying. Czechoslovak §s of 1951, at 101, were within 3 of the ar’s high. In the South American list Brazil 8s added to their advance of Friday and Bolivia 8s held the ground gained recently. In the general list the only features were the specialties. West Virginia Coal and Coke 6s advanced a point on a single string of transactions. Selling at 90, they were up 41 points from the low of August, being influenced by the anthracite strike. Anaconda 78 crossed 103 to within less than a point of the record high of January, responding to the better sentiment toward the copper trade. There was little change in the high- grade group, although United States Steel sinking fund 5s at 105% were down a point on the week—a large fluctuation in a bond of that class. STOCK PLAN APPROVED. NEW YORK, September 12 (#).— Stockholders of Serv-El Corporation have approved a plan to increase the authorized stock from 115,000 shares each of class A and class B common to 500,000 shares of each class. This action will consummate the purchase of Hercules Manufacturing Co., Wheel- er Condenser and Engineering Co. and sale of “A" stock previously announc- ed for providing additional working capital. 3 PIG TRON ADVANCED. NEW YORK, September 12 (#).— Youngstown Sheet and Tube Co. has advanced pig ifron 50 cents a ton to e of $21 a ton in the Chicago == ROCKVILLE. ROCKVILLE, Md., Septembér 12 (Spectal).—The barn, silo and corn house on the farm of Willls B. Bow- ers burned yesterday, when a tractor, which was being used to grind ensi- lage, caught fire as its supply of gas- oline was being replenished. Nefgh- bors and members of the Rockville Volunteer Fire Department fought vainly against the spread of flames. A horse also burned. The loss is placed at about $5,000 and is par- tially covered by insurance. The farm of the late John H. Bog- ley, near Halpine, has been sold to Miss Small of Washington for $33,000. The place contains around 190 acres with two dwelling and numerous out- butldings. The Ward f on the Rockville- Norbeck pike, opposite the Manor Club property at Norbeck, has been bought by P. J. Hannan, Washington business man, for about $20,000. The place contains around 60 acres. The Maryland State Employment Commission has given notfce that an examination will be held at Rockville September 16 for stenographers who desire employment in State sefvice at salaries ranging from $600 to $1,200 a vear. Willlam A. Shipp of Potomac, this county, and Kenneth Bell of Thur- mont, W. Va., are under arrest here on charges of the larceny of automo- bile parts belonging to Julian Rick- etts of the Potomac neighborhood. Their arrest followed a brief inves- tigation by Deputy Sheriff Stanley Gingell and Policeman Roy Bodmer. Work that is well under way on the Rockville-Norbeck pike is expected to make that fivemile road one of the finest thoroughtares in Maryland. Con- crete shoulders are being constructed on both sides and it is being resur- faced with asphalt its entire length. At the State fair at Timonium this week Ralph Walker of Gaithersburg was among those selected to represent Maryland at a cattle-judging contest at the national dairy show in Detroft October 10 fo 17. The others selected at Timonium were Arthur P. Dunni- gan of Pylesville and Stanley B. Sut- ton of Chestertown. The Montgomery County team at Timonium—Ralph Walker, Thaddeus Bussard and Grover Walker—scored 2,920 points, or 40 points behind the Harford County team, and finished second. There were nine teams in the contest. Licenses have been issued by the clerk of the Circuit Court here for the marriage of Anthony L. Montague, 22, and Miss Helen Jones, 18, both of Washington; Clarence G. Clark, 32, and Miss Frances M. Gilson, 24, of Steubenville, Ohlo; Roy A. McClung, 21, of Grottoes, Va., and Miss Mildred A. Jennings, 20, of Potomac, Va., and Louls E. Ritenour, 22, of Catletts, Va., and Miss Mertie Heflin, 19, of Mid" land USSmbpt (3%). 46% U S Steel (17)... 122% U S Steelpf (7).. 124 Untversal Pipe.. 37% Univer Ppf (7). 81 Util PEL A (2).. 34 Vanadium (2)... 29% Va-Caro Chem 2% Va Caro Chem B. 1% Va-Caro Chetfs. 1% Va-Caro Ch pf.. 10% Va-CarCh pfefs. 10 Va Ry & Power. . 132% Vivaudou....... 15% Wabash. . 43% Wabash pf A (5) 172 Waldorf (1%)... 164 Ward Baking B. 70% Warner A (1%). 20% Weber (4)... 72% West Pen pf (7). 96% West Maryland. 16% West Md2d pf.. 234 Western Pacifle.. 81% Western Pac pf.. 76% West Union (7). 132% West Air Br (6). 181 Westinghs (4).. 75% Weston Elec. 18% Weston A (2) 27% Wheel & L Erie. 21 White Eagle (2). 26% White Mot (4).. 95% White Rock (12) 89 Wickwire ctfs... 8% Willys-Overld. .. 22 Willys-0d p£(7). 108% Wilson & Co. . 5% Woolworth (3).. mm Worthn Pump... 44% Worthtn A (7).. 82 Worthton B (6). 64% Wright Aero(1). 2T% 46% 46% 122% 122% 124 124 37% 37 82 81 34% 384 30 29% 2% 2% 1% 1% 1% 1% 11 104 10% 10 132% 132% 15% 15% 43% 43% 2% T1% 16% 154 1% 70% 20% 204 4% 724 96% 964 16% 16% 23% 234 81%- 31% T6% T6% 184 132% 133% 181 76 6% 18% 184 27% 27% 21 20% 26% 26 95% 94% 39 39 3% 3% 24% 21% 109% 108% 6% 5% 170% 169 44% 43% 82 82 64% 644 2% 27Th 46% 122% 124 37% 81% 84 30 2% 1% 1% 11 10% 182% 15% 43% 2% 15% 70% 20% T4% 961 16% 28% 81% T6% 138% 1321 6% 18% 27% 20% 26 95% 89 8% 24% 109 5% 169% 43% 82 644 27% Wrigley (13%).. 53 Yeilow C (2.52). 43% 43% 424 Youngstown (4). 79% 81 784 *0dd lot. - Dot e syt i‘:fl uu or hal; Il" not Indllm a Paid this rllr no nnflonll An stock, \l‘ %lb‘fl in_prefes paxible 1% auarteris’ s/. m sivch vavadle 1% % quarter] 53 53 63 IBK T9% table SR il iFlus. SATURDAY, SEPTEMBER 12 1925, I ON NEW YORK BONDS STOCK EXCHANGE l Received by Private Wire Direct to The Star Office. UNITED STATES. (Bales are in $1,000.) High. Low. 100 19 100 19 Sale Lib3%s... Lib2d 4%s. Lib3d 4%s. US4s1944. US4%s'62 B0 100 19 21 1011 26 101 14 Lib4th 4% 158 1029 1 10226 1 10616 Close. 100 31100 31 101 12 101 14 102 78 1029 FOREIGN. Sales. High. Low. Close. Argentine Argentine 63 Argentine 6sB. Aus govt 5555 Austria 7s 38 2 Belgium 6s. . Belgtum 6% wi Belgium 75 wi. Belglum 7%8s Rolivia 8s. ... Bordeaux 6 Brazil 7s Brazil 8s. Canada 581926 Canada 55 1931 Canada 5s 1952 Canada 5%s 192 Chile 75 1943.. Chile 851926, Chile 851946 Chinese Gov Ry 5s. Christiania 8s. Con Pow Japan Copenhagen 5348 Czecho 85 1951. . Danish Munic 8s B. Denmark 6s 3 Denmark 8s. Dutch East I 65 '47. Dutch East I 63°62. El Salvador 8s'48.. Finlands 7s. . French 7 French 73 French 8s. German 7s. Greek 7s Haiti 6 Hungary §%s. Japanese 614s. Lyons 6s Marsetlle 65 Montevideo 7s. Netherlands 6s '64. Nord 61s. \lorwly 5%s wi. Norway 65 1943 Norway 6s 1944 Norway 6s 1952 Norway 8s. .. Orlent Dev deb 6s. . Paris-Ly's-Med 6s. Paris-Ly's-Med 7s. Paris Orleans 7s... Poland 8550 wi... Rio de Jan 8s 1946. Riode Jan 85 1947. Rio Gr Do Sul 8s. .. Sao Paulo State 8s. Stof S Paulo rets. . Selne Dept cf 7s Serbs Crot Sio 8s. . Sweden 5345 ct. Swiss 514 1946. Ud Kingm 5%s'37. L14 8 96% 96% 567 97% 100 99% 8T 93 974 9% 96% 96Y5 97% 99% 99% 87 92% 974 109% 9674 89 83% 984 100% 102% 103 102% 101% 1024 109% 44 111% 90% 984 100% 109% 102% 110% 102% 102% 106 94% 934 100% 105% 994 87 96% 941 93% 89% 89 96% 103% 8444 954 100% 100% 100% 110 864% 794% 884 874% 88 97 95% 97 103% _ 100% 914 89 102 103% 105 MISCELLANEOUS. Am Agr Chem 7%s 15 AmSmit& R1st5s 8 Am Sug ref 6s..... AmT& Tcltr4s.. AmT&Tecltrbs AmT&Tsths AmT & T deb 5% Am Water Wks 5s. Am Writ Paper 6: Anaconda 1st 6s. 20 Anaconda cv db 7d.122 Andes Cop Tsrcts. 82 Armour Del 5%s Atlantic Refin 53 Bell Tel Pa &8 Beth Steel pm 5: Beth Steel rf 58 Beth Steels £ 6 Bklyn Ed gen b Bklyn Ed 6s B Bush T Bldg 6s°60. Chile Copper 8s CinG E5%s°62. Col Gas & E15 Commonwth P Con G NY 5%s wi. Consumers Pow 58. Cuba Cane cv 7s. Cuba Canecvd 8s.. Cuban Am Sug 8s.. Denver Gas 5s. Det Edison 5s 40 Dodge wi 6s... Donner Steel 7s. ... Duquesne Light 6s. Est Cuba Sug 7%8. Empire G & F TH4s. Fisk Rubber 8s Goodrich 6%s. Goodyear Goodyear 85 1941 Hershey 5%s wi... Hershey 68 1942. Hoe & Co 8148 Humble O& R6%s Illinois Bell 1st 5: Int Mer Marine Int Paper 55 '47 Inter Paper 68. Int T&T5%s wi KCP&Lt5sA’'s2 Kan G & El 65 '52 Kelly-Spring 8s. Keystone Tele b8 Lackawa § 68 ‘50 Laclede G 5%s '52. Lorillard (P) 7s. Loutsv G & E 5852 Mid-Con 63%s ‘40. .. Montana Pow 5s. .. Mor's & Co 1st 4%8 New Eng Tel 58 N Y Tel 65’41 N Y Tel 6549 North Am Ed Nor Ohio T & L 6s. Otis Steel T%s. Pac T & T 55 '53. Phila Co 5% Public Service P Serv Gas 5% '64. Rep Ir & Steel 5 Saks & Cosf Ts Sharon Sti H8s Sinclair O1l 65 Sinclair Ofl 7s SInCOPL6s'28 Sin Pipe Line 55. Skelly O11 6%s. . Southwest Bell 5 Tenn Elec Pow 6 Toledo Edn 1st U S Rub 1strf 68 U S Steel s f 5s. Utah Pow & Lt 6s.. Va-Car Chem 78 Va-Car Ch 738 w. Vertientes Sug 7s ‘Westn Union 6% Westinghouse 7 Willys-Ov 6%5°33. ‘Wilson & Co 1st 6s. ‘Wilson&Co. cv 748 10 YoungstnS& Tés. 6 104% 98% 102% 9744 107% 981 99 103% 96 106 104% 98Y% 102% 97% 101% 96% 1027% 95% 54 101% 102% 984 92% 99% 1024 102 26 102 26 10616 106 16 96% 96% 96% 97% 100 99% 87% 92% 97% 109% 967 89% 834 98% 100% 102% 108 102% 101% 1024 109% 44 111% 90% 9815 100% 110 102% 110% 103% 102% 108% 94 9314 100% 105% 99% 87 96% 84% 93% 89% 89% 97 103% 84% 95% "100% 100% 100% 110 86% 79% 884 87% 88 97 5% 97 103, 100 89 102 103% 106% 104% 98% 102% 975 102 96% 163 954 54 101% 103% 9845 92% 99% 1 9218 984 94 102% 106% 96 109 103% 101% 4 1024 106% 104% 104'% 111% 104% 1108 120% 984 104 103 101% 100% Bk 9l 96% 104% 99% 101% 101% 91% 92% 100% 115 96% 97% 994 82% 100% 1074% 109% 100% 91 100% 98 106% 98Y% 99 103% 96 106 103% 97% 94% 99 108 94 102% 9614 934 105% 1043 104% 111% 104% 110% 120% 98% 104 103 101% 1004 84L 914 964 104% 9914 101% 101% 91% 93% 100% 115 96% 9% 99% 82% 100% 107% 110 100% 91 100% 98 107% 984 99 1031 96 106 106% 106% 106% 107% 92% 100% 8415 112 1004 102% 109% 89% 105% 94% 101% 86% 89 107% 92% 100 844 112 100 102% 108% 894 105% 94% 1014 864 89 107% 92% 1004 844 112 100 10244 109% 8/9% 105% 94% 1015 864 R9 110% 110% 110% 106% 106% 106t 1024 98 68 100 RAILROAD. Atchison ad 4s Atlantic C L 7s. B & O Gold 4 B&Ocvilh B & Oref 58 21 20 B4 89 .9 102 97% 68 100 84 8815 92% 102 97% 638 100 84 1 107%107% 107% 89 93 57 90% " 90% 90% 2 1023 102% 102% 4 102% 102% 102% .19 96% 95% 96l BKlyn Manhat 6s.. 16 Canad North 6%s. . Canad North 7s.... Canad Pac deb 4i Central Pacific Cent Pac 1st 55 °90. Ches&Ocvilh Ches & O cv bs CB & Q-Tll 3%s. 1 9 2 StP gn 4889 StPov 4%s. StPgn4ls. 90 118 97 9756 | -uu 644 48% 49 9 49% 884 49% 49% 831 89% 118 _98%__¢ . |0 116% 115% 83% Td% 644 45% 49 79 49% 884 49% 49% 834 1 107% 107% 24 8% 1% 18 874 86% 9 93% 93% Chi Union Sta 5 Cl C&WI5%s'63. CCC&StLSs, Cleve Term 5%s... Cuba RR 58 . 106 5 99% 99% 5 98% 984 2 98% 93% 108 89% 2 118% 117% 117% 15 b 80% 80% 80% 3 87% 87% 874 87 _ . 9T% 116% 83% 74% 64% 4RY 49 9 49ty 884 49% 49% 83% 107% 8% 86% 98% 99% 98% 98% 108 1 86% 86% 86% { 111 C-C St L&NO 5s. Bales. High: Low. Close. 1 106% 104% 104% 25 91 90% 9L 5 106% 106% 106% 32 844 84k 84% 31 69 68% 68% 16 72% 2% 2% 61% 6415 64% 67% 67% 67% 67% 74 108 4 98% 95 151% 107% 100% 109% 91% T6% #9% Int Rap Tr 65 stpd. €8 Int Rap Tran 7s. .. 9%% Int & G Nor 1st §s. 1044 Int & G Nor aj 6; 78% Towa Cent rf 4s. . % 21% KansasCity S 5s. .. 91w Kan City Term 4s. B4% Lake Shore 45 '31. . 97% Louis & N uni 4s 93 Louls & Nash 5%s. 105 Louls & Nash 7s 105% Mil El Ry & L 58 89% M& St L 1strf 4s. 224% M StP & SSM 6%s. 1024 MK&T4sB MK&Tadjbs.... MEK&TprinSsA. MK&T6sC.. Mo Pacific gen 4s.. - Mo Pac 53 1965 Mo Pacific 65 cfs. . Montrl Tm 1st 5. . NOTex&M&sB. NOT&M5%sn.. Cent 4s°'98 Y Centri s N Y Cent deb 6s. .. NY Chi & St L 5%s NYC&StL6s New Havencd 6 NYOnt W ist4s.. NY Rys 65°65. NY State Ry 4%s. Norfolk & W cn 4s. Rorthern Pac 4s Ore-Wash 1st rf 4 Pennsyl gen 6s. Pennsy! 5s'64.. Pennsyl 6%s . Por RL& P 6347, St L IM&S R&G 4s Cuba R R 7% Del & Hd Lst rf 4s. Del Hud cv 55 °35. ., Den & Rio G cni4s D& Rio G Wat 5 ETie 1st cons 4s. . Erte gen 4s Erie conv 48 Erte conv 45 B Erie conv 4s D. Erle cony ext 7s. Erle (Pa)elt tr 4 FlaE C5s'74. Fla W & N 78 Gr Trunk st b 6: Great North 53 T North gen 7s. Hud & Man ref & Hud & Man aj 68 SN} TP PO o) = PR - TP - PSS - o) St P & KCShL 4%s Seabd A L ref 4s. Seabd A L adj s.. Seabd A L con 6s.. Sou Paclfic ref 4s. . Southern Ry gen 4s Southern Ry 1st 58 Southern Ry 6s ct. Southern Ry 63%s. . Texas & Pacific 1st Third Ave ref 4s Third Ave adj 58 Union Pac 4s 27 Un Pac 1strf 5s... Virginia Ry 1st 5s. Wabash 5% ‘75 Western Md 4s Western Pacific 5. Wisconsin Cent 4s. 103% 106% 110% 101% 56% 40% 99% 104% 983, 8745 6644 93 9% INDUSTRIALS HIGHEST IN STOCK HISTORY Low Money Rates Help Bring About Rise in Averages Never Before Equaled. By the Associated Press. NEW YORK, September 12.—Relax- ation of money rates provided the stimulus for another sharp advance in stock prices this week, which carried the industrial average to the highest level in history. Rails started for- ward with the industrials on the an- nouncement that all freight traffic rec- ords were broken in'the week ended August 29, but they. slowed up later | when directors of the Southern Rail- way falled to increase the regular $5 annual dividend, shattering the hopes of the speculative element. Motors gave one of the most Impres- sive demonstrations of group strength. Nearly a dozen issues in that group smashed their previous 1925 high prices on buying obviously influenced by reports of unusually large sales as a result of recent price cuts. Stocks of the so-called quantity pro- ducers made the best showing, with General Motors, Studebaker and Chrysler as the outstanding strong spots. Steels improved on further reports of expanding mill operations and the announcement of a relatively small drop of 26,664 tons in the August un- filled tonnage of the United States Steel Corporation. Increasing in- quiries for cars and locomotives were reflected in the steady accumulation of the equipment fasues. Oils developed a temporary outburst of strength on buying influenced by the bellef that the gasoline price- cutting war was about over, but they sagged later on the publication of the weekly report of the American Pe- troleum Institute, showing another large increase in crude output last week. Coppers also sagged® behind the rest of the list, although the mar- ket for the red metal showed some improvement. CLOTH SALES ACTIVE. Prices Are Also Half Cent Higher Than Week Ago. NEW YORK, September 12 (). — Cotton goods are in full demand for deliveries extending to the end of the year. Print cloth prices yesterday were 1 cent higher than a week ago. Finished goods were in better demand, printed broadcloths and pongees be. ing bought freely for prompt ship. ment. Wool markets were fairly steady and business was more general from the mills. Some hesitancy was {noted in wool fabrics due to the threat of a garment strike in New York. Burlaps were firmer. CHANDLER'S PROFITS UP. NEW YORK, September 12 ().— Net profits of Chandler Motor Car Co. for the year to date are said to ex- ceed $1,100,000 and at a rate of ap- proximately $1,700,000 for 1925, or $6 a share. Business in sight is the largest in years. - The capital has more than $1,000,000 cash and no debts. Net for 1924 was $1,348,420, or $4.81 a share. PENNSY GIVES BIG ORDER. NEW YORK, September 12 (#).— M An order for installations of the train control apparatus involving between $6,000,000 and $7,000,000 has been re- ceived by the Westinghouse Air Brake Co. from the Pennsylvania railroad. STREET CAR TRAFFIC GROWS. CHICAGO, September 12 (Special] The Chicago Rapid Transit Co.’ elevated lines carrfed 109,255,718 pas- sengers during the first six months of this year, compared with 109,120,626 during the similar period a year ago. French airplanes made 1,000 voy- ages in the year following the close of the war, 1918; 2,000 in 1920, 6,250 in 1921, 7,860 in 1973, and latest figures estimated the number of trips in 1924 ai approximately 13,000, % [in the amount of wheat on ocean pas /) FINANCI AL U. S. Liberty Bond Sales at Lowest Point in August By the Associated Press. NEW YORK, September Transactions in bonds on the New York Stock Exchange in August ag- gregated $241,521,000, compared with $270,101,000 in July ‘and $30 in August last year. Liberty sales for the month touched a new Jlow record of $22,143,000, against $32,- 192,000 in July and $62,231,000 in| August, 1924. The previous low mar! of $25,186,000 occurred in May this year. WHEAT IN TUMBLE ON CROP REPORTS Much Larger Estimates Prove Surprise—Corn Also _Goes Lower During Week. By the Assoclated Press. CHICAGO, September 12 ficial estimates that the 1925 vield of Spring wheat in the United States will be 21,000,000 bushels larger than ex pected and that production in Canada | ew of- have given a setback to prices in the wheat market this week. Compared | with a week ago, wheat this morning was 1% to 2% cents lower, with corn | varying from 13-cent decline to % cent advance, oats, unchanged to % | and % cent higher and provisions 12 | to 50 cents off. i Reports Caused Surprise. { Previous to the issue of the latest figures from Government sources, the | wheat market had been tending up- | ward, stimulated by a big falling off sage and by a bellef in some quarters | that values would advance after the | Government reports were out of the | way. Some increase of the domestic crop estimate had been looked for, but no such amount as proved to be the case. Changes in the Canadian forecast of yleld were less of a sur-| price to the trade, but nevertheless bad a materfal effect in forcing quo- tations down Big arr! of newly harvested wheat at Canadian terminals attracted much notice, but on the other hand | there were indications that owner- ship of a large part of the grain was being kept in the hands of producers. Another steadying influence was that | toward the end of the week, many | | apparently being checked by the cir-| cumstance that the market had un- dergone 20 cents a bushel decline in the last month. Noticeable improve- | ment in the domestic flour demand | was also a stabilizing factor. | Corn Also Lower. Notwithstanding that the Govern- ment crop report as to corn confirmed heavy damage by drought, the price | of corn averaged lower, as a result of sympathy with tKe action of| wheat. Oats were helped by asser- | tions that hereafter receipts would dwindle. Provision prices were weakened by liquidating sales on the part of hold- | ers of September and October lard. SOFT COAL M.ERGER TALK HELPS STOCK ADVANCE Special Dispatch to The Star. NEW YORK, September 12.—The rise in the low-priced Penna. Coal and Coke has mostly occurred’ since | the beginning of the anthracite strike. In common with the strength in other soft-coal producers the explanation generally given is the presumable benefits which the soft-coal trade will reap from hard coal's cut down. But there is another version of the advance in Pennsylvania coal and this is that the company is to | participate in a merger of soft-coal | properties. CHICAGO LIVE STOCK MARKET CHICAGO, September 12 (Special) — Hog trade was a little slow to start todAy, but after the first hour or so all kinds of animals were steady com- pared with the best time Friday. Sorted light butchers sold to $13.50, which was equal to Friday's top, and the high point for the week. Most good packing hogs went over at $10.75 to $11, while few choice heavy butch- ers went above $12.80. The fresh sup- ply was 2,000, with the total for the week 20,000 below & week ago. Sellers had only about 3,000 unsold at the close. Fat native cows and heifers were up 25 to 50 cents, with some spots more. Bulls closed easy after an early gain, but calves were higher, with cholce lots at $14. Few sheep and lambs arrived. The run was only 500, but they were slow to arrive and quality was plain. These lots sold steady. Fat lambs gen- erally were 15 to 25 cents higher for the week, with choice lots at $15.95 and bulk of choice natives at $15.25 to $15.75. Feeders nlso were higher at a top of $14, but aged sheep showed lit- tle change. TODAY'S CHICAGO PRICES. CHICAGO, September 12 (#).—With rainy weather in the Canadian North- west likely to interfere with the crop movement, wheat prices averaged higher today during the early deal- ings. Smallness of world's shipments tended also to strengthen values. Of. ferings here were readily taken, and downturns in the market were brief. The opening, which ranged from' % decline to 1 advance, -December, 149% to 1.49%, and May, 152 to 1531, was followed by numerous changes with December reaching 1.50%. Corn and oats were firmer. Com- mission houses were fairly active buy- ers of corn, taking the ground that the corn market is low, compared with the genqral level of commodities. After opening unchanged to % higher, De- cember, 861, to 8614, corn scored fur- ther gains, December reaching §7. Oats started unchanged to 1 up, December, 42%. Later all months showed some advance. Provisions were steady, governed by the action of hog values. WHEAT— September December e 383 Eh8 853 REEF i minbs Xwid ‘u-isibs‘ S53 5E8 53 Ak WA g oo minis bk 533 Bk &2 W R # S m 33 83 wmr ....- &3 55 sa LIVE POU’LTB.Y STEADY. CHICAGO, September 12 (&), Poultry—Alive, steady; receipts, 8§ cars; fowls, 20a26; Spring, 26; roos- ters, 17; turkeys, 20; ducks, 18a23; geese, 15a17. CRUDE RUBBER JUMPS. NEW YORK, September 12 (Spe- clal).—Crude rubber jumped 914 cents to 90 cents today. This compares with 77 cents a month ago and 27% & year ago. { trol will show 17,000,000 bushels increase | would-be speculative sellers here were | c MERGER DETAILS ARE ANNOUNCED Western Power Corporation Head Sends Letters Qutlin- ing North American Offer. [ESTR S BY CHAS. P. SHAEFFER. Full details of the pl North Co., s substantial interest in local transporta tion facilities, of the W Amerfcan is expected to gain con Power Cor were made to preferred and commo of the Western in a letter stockholde Corporation, s president For each not exceedi share of preferred stoc g 25,000 shares, Western reholders are offered of 6 per c preferred North American For each shar Power sha fered one and one-q North American commc For Western Poy de: sh ts have nderwr been made re c November 2 Date Agreed Upon. Under tt ment Nov W n Power p: ed over to the depository, common beco: and Lke deposited, may, but the deposited common stock upon providi geous u “The he ¢ the preferred stock more than a ma stock of Weste stated Pr ready expressed of the plan and voted to nce. ersonally, as a man who has th: interest of Califoy I be- lieve that the pu Wester Power Corp k merican Co, , acquire a nd nre re ad orth Ame develop the mous hydro-electric lities of the Great Western Power and the San Joaquin Light an Power to the utmost. Better Service Planned. “Just as Cleveland, St. Louls, M waukee and other citles are now fi an enviable situat to electrical development because of the service rendered by the North American sy: tem, so I hope will San Francisc Oakland, Berkeley, no, Bakersfield a cities served by W poration eubsid advantages in thi ion of present North Amer financial position purchasing powe: record of eff agement. TI r Co. d other California ern Power Cor find numerous the Western should prove of ble value to the growth and pment of Cali fornia ' Treasury Offer Closed. Secretary Mellon has announce subscriptions for the ‘ssue sury certificates of indebtedn dated September 15, closed at the cl of business September 10. Reports re- ceived from the 12 Federal Reserve banks show that for the offering, which was for ) abouts, total some $568,000,000. Allotments ' on made as follows amounts not exceed £1,000 were allotted in— f subscriptions in amounts over $1,000 but not exceedin $10,000 were allc 30 per cent, bu not less than $1,000 on any one sub- scription; subscriptions in amounts over $10.000 but not exceeding $ were allotted 50 per cent, t than $6,000 on any one subscription: subseriptions in amounts over $50,000 but not exceeding §500,000 were all 40 per cent, not less than on any one subscription; subscriptions in amounts over $500,000 were al lotted 30 per cent, but not less than $200,000 on any one subscription. More Failures in Week. Bradstreet's compilation of business fallures for the weel ended September 10 places the number at 286, three more than in the week before and 88 less than the corresponding week last year. BUTTER MARKETS FIRM. Weekly Review Shows Half Cent Advance in Prices. CHICAGO, September 12 (#).—So far as a ready demand for fresh ar- rivals and the statistical position were concerned, the butter markets during the week were in a firm position. This was especially true at Eastern mar- kets, where prices advanced a half cent. X As the week progressed, however, buyers became more cautious, due un- doubtedly to the general belte? that prices had advanced too rapidly and would not soar much higher. As a result, in spite of the fact that fresh supplies on some of the markets at times were not: sufficient to take care of the needs of regular customers, ad- vances were hard to maintain and the markets late in the week showed signs of topheaviness. Reviewing the week as a whole, however, supplies of all grades were disposed ‘of, and at the close the mar- ket tone appeared steady. STOCK MELON VOTED. NEW YORK, September 12 ().— An extra stock dividend of 21 per cent has been declared on the com- mon stock -of Murray Body Corpora- tion, payable October 1 to holders of record September 15. Four quarterly stock dividends of 1% per cent were declared early this year, one of which also is payable on October 1. Two cash dividends of 60 cents each were paid April 1 and July 1 this year. $1,000,000 HOTEL PLANNED. NEW ORLEANS, September 12 (Special).—A New Orleans syndicate has raised $1,000,000 for the construc- tion of a hotel, a residential district and golf course on a 2,400-acre tract fronting Bay St. Louis to be known as Pine Hill. Work will be started im- mediately. Corporation. ptions were bscriptions in