Evening Star Newspaper, June 26, 1926, Page 26

26 FINANCIAL. THE EVENING STAR. WASHINGTON, D. C. SATURDAY, JUNE 26, 1926. FINANCIAL. 30% 30% 30% | Leh&Mnk stf(3) 33% 334% 33% 83% Kansas Pcints Has a De- 63 €3 63 | LifeSav(160). 12 Amerada (1.60). Lib3%s.... 50 101 15 191 12 10 & O 1st 55 ¢ Am Azri Ch pt 2y . 21 B — Lib 1St 4% 8 16 10213 10215 10216 B&O6s.... | 10027 10027 | B& O rf imp 6s. Am Reet Sugar. . 24 24 24 [Tiz&MB(t4).. 80% 50'% 80% 80% i Lib2d 4% q Saniit . 5 g : b B 31 123% 123% | Loew's Inc (2 2 o | Lib2 5. 131 100 2 107% 1070 pressing Effect e Typical Summer Half-Holiday | Am nrake shie) e R e i G T Declines Only Frachonal But| Tibediia oc 101 13 101 1710112 |1 & 0 SwDiy 1007 100% A. B. A. Official Raps Law . Am Pr Bov EI(2 % 40 40% Lorillard(3) 397 40% 39% 40 : J ¢ 4 Rl Dk, 80w S0 . 3 ? Today—Prices Are Am Br Bopf (1) an o6 | Lomsiana O . 17% 18+ 114 17| Appear Today in Many US4s 1964, 2 104110 10410 10410 | Ekivn Manhatds.. ¢ 7% D7t 97% | Dv the Assoclated Passed hy States—Divi- i AmCan (2)..... 5o Eo | LousNash(1814) 13215 182% 1321 10215 i FOREIGN L TREPitt4%s. S Gl 61 b e i L Little Changed. :;"(‘::"‘ 7% ‘g“ 4 1900 | Mentyre P (1) 25 26 25 Quarters. Arsenting G5 Tugo. 5 goi 60 @9 | 130w 99% o LBl s fiEInneEs ot Tiver o) dends Voted. n Chain A (2). i Mack Trucks (6) 116% 116% 116% Arzentine 6s Oct 59 18 994 9% 9% 954 {quotations wheat vilues de: A ar 118 18 118 4 ward trend today afte e Am Chiele (3).. 0% 408 | azma Cop (3), asiy 3R 984 — 1 Argentine 65 A. 991 997 il : BY STUART P. WE vl iy Man 1 Sup(5%) Tok Tew 70k BY GEROGE T. HUGHES. Arzentine g . 99 s ool 118 TC | start, but then (quickly renc BY EDWARD C. STONE Bpecial Dispatch to T Am & Fo P pf(7) MaslabSoniiie. 5 33 [ seecial Dipaten 10 The Star A:.i?:::r;n‘;; 101% tof Gaés... 3 1027 1027, 1027 ,\,,‘((LN,‘,-‘“, Dl AR L LG ol eaktiessi o R i s = Am Hide & Lea artind OfF (4). 60% 6v% 60%| NEW YORK, June 26—A reac-| austrin7a. ... s Central Pacine i 101 ol 81 Nt (it OlOIRE % cent dep by off stiil further on the Stock Exchange | Am Ho P (2.40). 1"1r)(") 22% 22% 22% |tionary trend was in evidence at the | Banic op chiias 1 o1t | Cent Pxc 18t 6.90., *1 191% 101% 101% | 17 to 5 cent up. wheat soon rose a today. It was a typical Summer half- | AT La Fr (1). . Maytar Co (2). 20 21 21 |start of trading in the bond market | pon e pan S Seate B AL | Ches&Ocviaths... 8§ g3y 6By .ea it Dl fabh e holiday market, with very little ¢ A Locomot (8) Mexican Seabd. % 11% 9% 11%|today, declines being only fractional d gareium'es, ... ... 81 (hes&Ogm tés.. 7 i S ANAT I SEa T e U ioE *n prices and with no fresi : lr;mw pf (7). Miami Cop (1).. 13% 13% 13% 184 [but ippearing in many quarters. It|p okl o s Ches & ' T e e S o e aleecion. Am PoaLt (g1). \a.Continant . 314 El%s B31% 31% | was plain that the competition of new | peyfium 1o HIB&Qendshy. 3 “{comparatively firm: corn starting un. | Wood Spr Those who had spoken of som A Baamuorit) Midland pf(711). 112% 112% 112% 1124 having fts effect. Bataium s 107% 1074 T & Q 1strf et io. it et un Lo Tnts P evival following the | A™ Ship &Com. | Miller Retfs(2). a4 84 34 84 honds were steady. In do-| Go/ R S (Bt il hi & 11T gn bu. pH i A i The | United St HOWINE The | Am Sm & Ret (1) | Mo K & 8t 91 91 81 sroups those higher coupon 51014 108% howing slight iins. The niddle of Spring | ({0 (8 MoK & Tpf (6). 91 91 91 groups t 1 Bordeanx 6 85 proviston marke survey made by 152" Thorel wat | AOHSLIL 0L Miswourt Pacifle, 874 37% 374 37% riptions which sell around the | g, a1 7 \ AE VeICRfE Xk v AT vealled St - butuon the othe s vs (3) i | Missourt Pac pf. (lable price held firm, because here s I fiea o) i AT & e it | Am Suzar pt (1) “’f"' 1% | Montana Pow (5) e vield is above that obtainable with S wnat amouiiea (o M1 e Shel TR S Gence of any new buying outside of | A™ Tel & Tel(9) 139% 1385 | Montzom Wara. milar securities anywhere else on 5% ofs 14 . Aot bl i i Bl Ui S oh 7 Siitore A Tel& Te'eg rts 6 ur:w? Moon Mot (3)... account of thix redemption feature, Chl& NW gn 315 r the et. On the other hand.; lan Was Bl at the Lo B L Mothr Lode(75¢) which has prevented these honds from ChIRT&Pre 4s, . e Gt iEe e ation in the ge wdvance | Chile 7s 1943 n where. Examples Common- | Chile 81941, Bdent alth Power 6s and Public Service | Chinese Gov R cw Jersey 6. Christia nds of the grade of New York|Con Pow Japan 7s. antral, which dipped below 105, New | Copenhasge: Chicago and St. Louis which sold below 104, Rtock Island 1 funding 4s, which went below 91, and, i Un Sta 4148, .. Chi Unfon Sta 5 C&WI COO& ST, COCRStLr6s AL Clav Tarm § Cuba R R & Cuba N R 63 66 Del & Hud ev ain rather lower, [ 4 Toba ened toward the end of the first [ 47 Tobac nf (63 110 110 130 'e | Motor Met(3.60) and then ned irregu AW, i 204 244 24% | Munsingwr (3). \ges were only fractional for the [ 4T JUe0ten 24% 23| Murray Body. firs pf (T, 2% T4 first _part, one way or the other. 1t | A7 o081 DY (8 [soasnatotons. could not have heen said that there | o oy o’ i cult $a%. il s s tendency i) naconda (3) 46% 46' | Nat Cash Reg(3) ”‘ Archer-Danie's. 38% 88% | Nat Cloak & Sult t Dairy (3)... pntinued to give a ¢ 1 5% 164 | N ool mcanunt Gf themselves, it there | ArouroRTIIGA) a6y 6w s 200 3 Oklahor E to some advice: crop movement bein Pexas. A it only was delayed, hut miun th the quality of unharves heing injired by excessive Increased selling pressure | wheat market followed annour 1t 100,006 bushels of N 2 hard Winter wheat had been sold at Kan 31% 314 | Nat prem minds one of | miraze, ; 5 1017 101% 101% echo 85 1951 ('zecho 85 1952 ct 8 35. Armonr of T11(B) Nat Dpt Stores. . b Zen ot the buy this quarter | A% Pennsylvania General 4158 changed S X L c: \ n h made Itseif felt carlier In the e SR N e Hala it cancesaiony, Tho helOnitea |(Dania Municiis . . ::',,‘,f,l“"{.":" L “ iy il moriing toite forwaide Guaranty Plan 15 Passing. Atehison pf (5). seq . el : . It “ %o G West 55 Chicago within the next fortn e first preferred continued e States Government list, the liberty i g i At . demand at - fractionally better oo Ao 1135 were slightly lower. L L O [ Absence o int the Stafe bat as it had on the previous day. | Aq GuIt & WE . Alr Drake(2) Foroign Issues were not affected by e 16 Pl cony dx 4 uving here against new export busi American Bani At the <ame time some sl b g r C: el the heaviness in the domestic section : o = 'rie conv 4s B. ness tended also to handicap friends s that the State gt t s Austin-Nichols.. Canners (c2) ; vador 106% o (Pa) olt tr 4 SEhighit o State guaran provement occurred in the common | UY Central (7). because here the return is so high that | g 58 VACO! Lt B higher pric deposits Is passing into eclipse stock. The best opinion w that | Paldwin L (7). NY ChI&StL(11) there is a large speculative following. | pypyang 9¢ 971 ',‘_”mk r::;é.' | tar as nm extension of the idea i thstandi that Ralto & Ohlo(5). German bonds e strong. the [ pearn oy en 7 a0 BUTTER MARKETS WORK ot 30n under the new plan fc : & Harl (5).. Nickel Plate system I 'I-:L'“"ju‘l"":fi:’ Y NH & Hart.. wain ‘"‘l:';{‘ gy ‘” ! French 7 s 90t : | were recommended ers would receive favorable fi LR UL ag F pf (1%). nd Rhinelbe 7s preneh 34 0 i AT CROSS-PURPOSES ar by governons of two Statex led for a time in Norfolk South Hud & Man ref § ment. 974 | e were defes: 1, the tend Chesapeake and Ohio changed | Reth Stipf (7).. Corfk & Wn (18) rench group. There w Gierman E1 P 6%s zand? within s polnt of its previc {11‘:23‘1:’;?:1:”. orth A (B3.40). \"v“s(nn-»n( llvm‘lm: of Norwa Gorman Ty. ,,|(_":'::'ref ascs e 2;~ | New York Prices Hold Firmest.|cney toward the s top. Lut the demand was less L . orth Am pt(3). of Queenslan I ¢ o 5 a % 2 rep orth Am pf(3) ) r Agr Bank Ts. int Rap Tran 5 13 | Philadelphia and Boston Are ! 3 RkIn Edison (8). 0il bonds were tivity centering about Skelly 6 1e- | Gireek 7s ind | Hait 6s. pronounced. Railws reports on thAm Ed pf(7) vmr.p'rr,..qm 99 BkIn Un G(t11). A Nervous and Unsettled. sl bl ’ guarantee I operations for March continued to] North Pac (5) v \St3 chennes 4 Brown Shoe (2). 5 i g rics 68 o > €Ol siof Int Rap Tran 6s. by show substantial increases in h?“tllz el ik g A Pan-American 6s on the nversion | 1oliand Amer 6. 1 Tnt Rap TraniTe e % i 1mng with Oklahoma in 1907 £ e tire; and on | Hungary 7%s 9 e v the Associated Press lowed Kansas in 1908, gross and net operating incc Onyx Hosler: THIC, nyx y CHICAGO, June ~Butter mar- ska in 1911, Mi: Burns Br B (2). the high-yield bas the market had been discounting ex- . e Among the | g pectation of favorable disclosures xl“‘:::r?:,l’ (50c). ::{;L”::‘;‘f"“’ Juntor rails Seaboard issues held the Y,;’n'i’""e’(;“_ o lowd Conl nees ets during the week appeared to be outh Dakota in 19 and they had little effect upon prices [ o €G> OHs Steslnt. .. ains of yeste r on reduced trading, |y EEET 5 o 23 \'":”‘f-‘“-’» king at eross-purposes and there- | and S \iakitE (o AR Outlet Co pf (1) and New I were all fir Hoealdina et an City Term 4s. fore definite trends were not clearly | Oklnhoma rescinded her ware and Hudson stood out | Calif Packing(8) Oicehs naz(u).' Overs nnounced DY | yionvesiaio 74 X established. ~ All nwrkets were fairly E leaving a lar unpaid B strongiy, getting up more than | Calif Petrol(2).. v Dillon, Read & Co. of toda Netherlands 65 54 steady at the beginning of the week. | eficit st year South Dukota re » point, and a number of old line divi- | Calumet& Ar(6). Pacifie Coast. of $30,000,000 ar 61 2 ¢ arket St 7540 but operations were of a rather cau Py ¥ g Netherlands 6s 72 NS dison i | pealed its law and referred the re St P& SSM en 4y tious with no evidence of Gl (o (e Deopta st S Pac Ofl (3). Packard Mot (2) Paige Mot(1.80) Pan-Am (6).. Pan-Am B (6)... Pan.AmWnB(2) Panhandle. .. Park & T11for Pathe Ex (¢3). Penick & Ford Pennsy R R (3). Penn-Seab Steel. Pere M prior(5). Phila Co pf (3).. Phila& RC&I. Philip Morris. .. sinking fund bonds of the United Steel [ \arq Works Corporation of Germ The offering price was 96 to vield 6.33, and each bond carries a non-detachable warrant to buy common stock of the company at §; 0 a share. This was the largest foreign industrial loan o | part far arranged. The bonds went to a | par premium as soon as trading was be- | pery 73 zun in the num.h» market Perii 85 — Poland GUN'S HAS. FAVORABLE OUTLOOK FOR BUSINESS | dhecnsiana 5. were bought at slightly | Calume&H(1%). Can Pacific (10). ded | Case Threshing. s #Steel common failed | Cent Leather. .. as an influence upon the | Century Rib M.. s of independent companies, | Certain-Teed(4) This was further evidence that the [ Chand-Cleve. ... buying which has been under way | Chand-Cle pf(4). in " this right along has been | Ches & Oh (112). for special reasons and not because [ Chi Great West. of anything in the steel situation | Chi Gr West pt. generally. Gulf States Steel rallied a [ C MIIEStF pf cfs point at one time, but this was an|Chi&Nwa (4).. exception. Chi & Nw pf (7). ChiRI& Pac... dend payer better pricy itions of 2 market he firmest posi Str wenkness, held relative next general elect moditied her law, on a hile those ai I’hiladelphia and L 1050 Satios ton were nerv and unsettled. Chi-| ' escape the burden, so that ago’s opening was firm at ad | may choose between »'!Ié‘ guarant S ke bk o tem or a hond security plan. & 87 i.]q\..u] to the heavier Best Banking Safeguards. : the close an easic & 1 St Wi . 100100 | dence, with prices slightly lower. o R e :2’} ;gg large percentage of the trade appeared | an attempt to create integrity sof ool |G e ek I financial ability by legistative 870 87% | won, e It tends to penalize prudent i £7% | were beneficial, with h o e R ition in Northern, Central poted S E el e Norway The persisteni support United Norway 6s 1952, .. Orient Dev deb 6s.. ot | not | | New Or Term s NOTex&Min5 NO Tex & M5sB.. NOT&M5%s. N ¥ Cen zen 3145 N Y Cent 45 98 Y Cent deb 4s... in the week 1viest precipi- nd North CRI&Ppf (6). v WALL STREET BRIEFS CRI&PDL (7). Phillips Pet (3). — Rhinelbe Un 7s :_zrf'lm““éflfl western States, part of Baiikary. haauet Tand: die Chile Cop (2%) . Pierce-Arrow. i i Rio de Jan §s 47 ent r 1 59 the dairy belt als st ; kers, est and dis Christie B (1.20) Pierce-Ar pt (8) Tendencies Conflicting, But Some |y G o sl gs. Y CRI&SIL et Al e raite wenn, | honest, efficient _and inefficient ~ to Chrysler Corp(3) | Pierceon....... Phases Are Encouraging—Con- | Sao Paulo 19 NYChI&StL 1s borne out by statistics. Receipts common level ’ P NYC&StL . failures ar putlic calami t the four markets for the week were 20,000 tubs in excess of tei xon (PW) 7 ine 7s 42. NEW YORK, June 26 (®).—Heavy 2 melting steel scrap has been advanced g:}‘g’_’(‘:fi‘;"’f‘.")"’f Pitts Term Coal. Postum (5).... all agree banks must be by some sible_means New Hav deb fidence Has Strengthened. E New Hav d 48 57 cents a ton in the Chicago district. | oojiins & Atkmn. Pub Ser N J (5) erbs Crot S1o 8s. f y . s 5 ) S . L 8 3 b e pre reek and s quotations ranging from $13.50 to $14 | Collins&Alk pf 7. 1013 101% 101% 101% | Rub S NJ pf (7). W YORK, June 25 (®).—Dun's | sweden New Haven cd fa.. D il Wk | sound Ranking a ton. Some specialty grades are §11Col Gas & EI (5) 82% 824 824 82% | Pub SERG pf(6) today said the first half of the year is | Sweden 6: 2 N Y Ont Wistds.. Receipts at the four markets e best & ton higher. Com Cred (2)... 27% 27% 2% 27%| PullmanCo (8). ing with confiicting tendencles in | Swiss 6%s 19 2 Y Rys6s65..... the first of June this intelligence Gk sipake Co. has de.|ComCredist6l 92 3 off 93 | pureOfl (1).... 5 sl Swiss Confed 8s 1 NY W & Bos 4 2 3 pple elared an extra dividend of 25 cents [ Com SolvB..... 184% | Radio Corp of A. lEinems Vet v D Y e [ Tono Bl Fove 16 8 Nor & 3 xenite nenta e T SN0 tna | ConiolBuTEeN. .. 22% | oo Gt (3%4) ing phases plainly visible. Results in | Tokio g 3 Norfolk & W cn 4s. BALTIMORE PRODUCE vision that prevents failures is far the regular quarterly of 50 cents. both | Congress Cgr(3) 43% | RS T Cefs (4). some quarters during the last six|Utd Kingm 1 Northern Y:w :t m valuable to both deposis n payable July 20 to holders of record | Consol Cigar. 59% | Ray Cons Cop (1 months have been disappointing, but | Utd Kingm £ Northern Pac 5a D. BALTIMORE, June al).— | Stockholders than any plan of & " July 2. The extra is payable out of | Consol Distribut 3% | Rasding (4).... in unusunlly backward season mainly | Utd Steay) Coven 6: 8 Northern Pacr 1 6 112% 112% | Kew potatoes, barrel, oid.| tee of liquidation after failu surplus earninzs for the six months | Consol Gas (5).. 96% | Reading ris... .. accounted for the lack of a_full de- MISCELLANEOUS. ”'Pi'jm;‘ Y{m is. 9814 98| per hundred pound: Local Dividends Declared. ended June 30. The regular quar-| ContCan (16) iTh | Reading 1st (2). welopment of Spring trade. Recently | ajax Rubber 8s.... 6 103% 103 103% | Ore Wash 1strf 4s. R6v WB6% | paragus, dozen, 1.0 At a meeting of the directors o lerly of §$1.75 on the preferred also | Cont Insur (6).. 133% 133% 133% 138% | Reid Ice Cm (3). confidence has strengthened in differ- | Am AzriChem 7348 5 104 103% 104 | Lennsyleon 4. 1004 1004 | bushel, 5 Beets pAtha mestine of NG dlesclont i was authorized. Cont Mot (80¢).. 10% 10% 10% 10% | keminzton Type ent directions and in certain basic | Am Repub deb 6 5100 100 100 |Pennsylzendis.. < | cabbage, hamper e ilas s ot ke ey e Corn Prod (2)... 45% 45% 45% 45% ' Rep Iron & Steel lines there is more activity now than | Am Smit& Riist5s 2 100% 100% 100% | Pennsylss 64 500, 2004548 cot, sterday afternvon. the regular quar. Unusually heav¥ buying of pig iron | Crucible Stl (5). 71% Tl% 71% 71% | Rey Tobac B(5). is ordinarily seen at this period. Pro- | Am Sugar ref 6s... 2 103% 103% 103%) Denns ~}sv,‘: = cumbers, bushel, . This action g sl ki » steel ] % % *ennsyl gol .. s actiol ronf 3 gressive improvement in the steel in-{ Am T & T el tr 4 8 98% 953, lity with the 6 per cent rate which 18 reported from the Chicago district, [ Cuba Cane Supf. 38 38 38 38 Sales 8o far this month approximating | Caba Co (4).+ StL & SanFr (T) 200,000 tons, with about 50,000 tons|Cuba R R (6)... 83 8 88 88 | Z GOl BRI more in prospect. The quotation for | Cuban-Am S (2). SLL Swn pf (5): No. 2 foundry grade is generally $21(Cudahy Pkg (7). 86 87 86 -7 | Schulte tEy- - & ton, but one leading seller is quot- | Cuyamel Fr (4). 47 47 47 47 Seflr:f‘;" i ing $21 to $21.50 a ton, Chicago. DavisonChém.. 39K 41% 39 41% | Shen Un (1.40)., call s i erests con. | Del & Hud (9).. 163% 165% 163% 165% | Shell Un pf (6). e o eulia. Tetail Stores | Devos&Ra(2.40) 36w 36w 30% 36| Shubert Theatre Corporation have offered to take over | Dodse Bros CLA 21% 2T% 2% 27| Simmons(12.25). American Druggist Syndicate, guar | Dodgepf (7).... 86% 6% 80k 86% | Simms Pet (1) Dome Mines (2). 14 14 13% 13% | Sinclalr Oil. . Spring o har | has prevailed on this stock for some 3.00. | time tomatoes.| At a meeting of the board of® di- rectors of the Federal Storage Co.. presided over by the president, E. K. Morris, the regular quarterly divi dend of 2 per cent on the compa | preferred stock was declared. Th lividend le on July 15 to stockholders of A of June 30. | Bank Clearings Increase. | In contrast to the tendency week, when a small decrease wi DAIRY PRODUCTS. e s it ates this we Wly exceed has{AmT &1 cltr5s.. 12 103% 1034 103% | PCC&StLEs A, AmT&Tsf6s.... 82 100% 100 EORR E & B 6540 Am T & T deb5%s. 20 106 105% 105 | Readinz gen 4%s. . pig iron since late in 1924. De: Am Water'Wks bs. 7! RIArk& L4ls, reduced building operations in some ng Pap 63 St L IM&S 4s 2 sections, demand for structural ma-| Anaconda 1st 6s. . St L IM&S R&G 45. terial remains of substantial volume, | Anaconda ev db 7s. StL&SFpl4sA.. and buying of railroad equipment | Andes Cop 7s rets. . StL&SF5%sD increased to sizable proportions. W Armour&Co 4125 1t 9i% 91% st 1, & S F adj 6s.. ey factors present and with most of | Armour Del §%s. . 93 934 | St L & S F Inc 6s he principal crops showing bette S . ; & Barnsdall 6s ctr: StL.&SF plés ?fi'fi*&?fim‘ifi’fliflffi} ;u‘;’e;a:(::n&? Dupont (119)... 230% 231% 230% 231’/11 Skelly 011 42). 36% B86% 36W 8674 ?\§Ht~ "llm '”""f","' 4\:\1!! k-Ik l}\w L MOTE | 301] Tel Pa bs B St P & KCShL 4%. The offer has not been laid before the | Dupont deb (6). 104% 104% 104% 104% | Sou Cal Edison.. 31l 81% 311 81k ‘v”f:"dd\ \!:""”” WVeekly bank clear Bell Tel Pa 53 C. .. St® UnDep5s.... y Duquesne pf (7). 114% 115 114% 116 | Sou Dairfes A(4) 524 524 52la 62 | Ings: $8,852, 144,00 Beth Steel pm bs. ab A L ref 4s. < of American Druggist Syndi- s : 2 s o i S e Durham Hose... 8% 8% 8% 8% |SouDalrles3... 33% 33% I3 B elieirtes Seab A L aa . : con 6s. dustry, with some price advances been helpful to sentiment, while cu vent reports note the largest sal St L Southwest. 1.00 .0024.00; bushel, pound 1.00; peaches, | apples, crate. pint, 1 watermelons, 100 cate. 9 37 g ¢ | South Pac (8)... 103% 103% 103% Both Stecl 3wt e il s Purchase of the West Coast Power ::':::13.’;1;‘(:3:6' A Y i i ou e et e 1ske BOND |SSUE (2 J5 €0 S b St 997% 100 | Se b All Fla 6 BALTIMOR (Special— PnIEY Sl the W. g e LG4t th Ry p . Si . .y ou Pac 4s 29 Live poultry s, pound, | > 3 Co. by the W. B. Fashay Co. ha 121 Auto Lt(16%; \““‘ Mf, 22 20 22 22 Bklyn K 104% 1044 | - & Legha s | cities report te of $3.882 BRenihrgiian) 1 el aanouncdi UG ) lec e BoRt =S StaGas&Bl (z4) 56 66 6b% 66 | Western Maryland Pinancine Ts XL R R el e o | 14400 to Dun's Review. which ix 6.3 day, and will be operated in conjunc- | Biec Power & Lt 614 3'4 | Sou 12 58 5 | per cent above the - T e Std G & El p2(4) 54% b4% b4% 54w | . Approved by I. C. C. Cen Leath 65 45 cfs 2 101% 101% | Southern “’55;:‘ 4s WL ek ‘,‘“”.“:," | tesponding period of et S G L there was a re 1.2 ||r~x' nt tion with other holdings of the People’s Light and Power Corporation, forma- | Islec Refrig(f2). tion of which was announced Thurs- | Ejec Sto Bat(16) StdMill (5)..... 1D T2% T2 T2% ver 6 32 Sta Ol Cal (8).. 59% 59% B9% 59%| The Interstate Commerce Commis- | cio g e ohes s StdOIINJT (1).. 44% 45 41% 45 sion has authorized the Western Mary- | stics show ew York The current week's s of $5.439.000.000 at ) Beus - Receipts 1ses, native | day. West Coast Power, now owned | Lmmerson Brnt. Sed Ofl NI pE(T), 1163 116% 116% 116% | land Railway to issue 5,000 oac by, first iered at | 16 3 ; r r dugabe L - E 2 5 16% 5t ailway to iss g ‘ onwlth P 68. xas & Pacfic 1st 106 3 by, firsts, Falih o in of 7.2 per cent d the and operated by :(nnln‘xlfi“ e X:fl]‘"g;{’“““’- | Stewart War (8) 2% 2% 72% 72% | equipment trust certificates to be sold :<u':’{"(,’1'§‘\|,1’|q¢ 55 Third Ave ref 1s. .. 8214 ‘2;,, 2 5 e e catea ,q‘tnziql}'; '1’".""“;'{" e e e G i iaes Sludcbx’kerx;i)i o2k 52 B2kl to the highest bidder at 100585 per ) Con Gas N Y 6%8.. 2 | Third Ave adj 53 52 sg | Butter—Good to faney. creamery. | ilo £ 5.3 per 'ceit ple’s West Coas 4 v | : Submarine Boat. 2 |cent of par. et O D Tol St T, & W 4s. .. 90e 901, | pound, 40a43; skt b4 ot poration. , | mureka Vac (4. Superior O1l... 24 2% 24| The issue already has heen sold to | Gupa Cane ev 78 1 Tol Tr L&P 535 30 a0k oak volls, 30z | Sohet B Fairbanks Co. .. Symiagton A 16% 16% 16% 16% | Kean, Taylor & Co. and Roosevelt & | Cuba Canecv 88 | Union Pac 1st 4s. X prints, | ey, Low ~\1‘l]r“‘ Tnion Pac 1st rf 48 5 1361 i Los Angel ew York, and Brinkmann & | Cuban Am Sug 8% A downward tendency in the busi-| 0l o 3y Telautogra(60c) 11 11% 11 11%|Son of ol m"“jf 'l(“rrpfsx:[ 1!’)‘!‘1‘(2'[')‘:,1‘;:1]: Famous P1 (10). TexasCo (3).... 654% 565 54% 56 |Co. Inc., of Baltimore. ! Det Edison 5s 40. 3 10 m Union Pac 4s 27. 997, 3 to date Rk D the- o) midsummer slowing up | Famous PLItS.. Tex Gulf 8 (10). 1404 141% 140 14115 : = | Det Eaison rof Gs. T 102% 102% | CHICAGO LIVE srocx MARKET dails tani « <ure 17 per cent ' ey hicl diiction 1s ingl:] Coanier RIS Tex& PacC& O 14% 14% 14% 14% Dodge w168...... 36 915 | VaRy & Pos...... 981 bove the av for a similar period e et ,):p’o’;:" P he Motor ang | Seaiin l'“u-)- *Tex Pac L Tr. 981 981 954 954 | COPPER OUTLOOK GOOD. Duq L & P ot 40, 1 S| Wabash 1st6s..... 103% CHICAGO, June 26 [ ot bl AUTEAISS R d = % Fid Phoenix (6). Tide Water(1%) 33% 83% 33 ¢ 26 Wabash 2d 5s 101% 10 Department of A | X Emories "BIg cturers, Associs IW YORK, June 26 (#).—Simon | EmpireG & F7%s. 9 | W 4 101% | Per | y o P Accessories Manufacturer cia- | pisk Rubber. ... Timken (14).... 5l% Gli 614 Guaatiboiia, Trontden o B A G ik 9 | Wanash 56 75. 108% 1034 | Receipts, 3.000 b | Fewer Failures in South. 8% 13% The number of failu United States this week same as that reported la Tobac Prod (7). 103 103% 103 an S d Refining iy ican Smelting and Refining ¢ jon his departure for urope that the copper outlook w tion. FrstNP 15t19.44. % First Nat S(1%2) Net profit of the Martin-Parry | pisher Body (5). said | Good year 85 1931.. 4 ¢ | Goodyear 6s 1941.. § Hershey 5%s. | Tty Gyl Tie 1% 714 ISSUE OVERSUBSCRIBED. ) defaults corporation for the quarter ended ancr2 SPar 51 sumped to $229 S L e ! that 1926 should be a 1 | Humble 0 & B 5 % : s Moty woie the $1.50 a share, after taxes and charges, | fox Film A (4). Un Bag & Paper. 48% 49% 48% the copper companies. 1 see no | lilinois Bell 15t 7 NEW YORK, June 26 (P).—Prox lof a veu Fhe inciedae ovan from $50,416 the precedinz quarter. o1 | preeport-Texas. Un Carbide (3).. 84% ba'4 34 breakers ahead for the industr [nt Mer Marine 5. 5 oversubscription: of a publie offerin the numt thie ! cosice K 40 cents a share, and $118.997 in the 2 no occasion for worry.” American | Int Paper 55 47.... today of $30,000,000 sinking fund . e | week of 1925 is due rger totals quarter ended November 30, 1975, or Smelting was earning better than Inc Paper 65....... 8 per cent honds of the United Steel | D e s o in ihe the W nd on the nts a share e, he said, and the vear's Int T & T 5%8 0 | Works of Germany was announced by | Ho hoss, 1B00aLIAD: e | Pacific Coast. the South showing a could ex those of | kan CP&L 65 A ‘105 | Dillon, Read & Co. The bonds were R gt 1 Lo tckini o moderate ‘decrease ” OF the eurrent priced at 96, to Subseription book tabout 15 minut eld 6.83 per cent. Kan G & El 65 52. were closed in a14.590. 00: Tattl | Utd Drug (8)... | United Fruit (4) | USCIP&F(10) U S Distributing 7 S Ind Alcohoi. more than £5.000 in each case milar defauits last week @ year ago. wer failures occurred in Canada week, a total of 35. This com Reports from Oldsmobile factories point 1o record sales in the fiscq ending July 1. Since the first o year sale have been particu ; com rlings and 15 cents ued in Gen Motors (116) 180% Gen Mot pf (7). 1185 jen Petrm (3).. 68 100% B oernisie : Tote BUTTER IS LOWER. LIt Meavien sonk RUBBER UNCHANGED | Special Dispateh to The Star medium-weight fed Laclede (3 5%5 52 high. April and May establishing new Bt L L G 5% monthly records. 7 =ty JEW YORK, June 26.—Cr . Mid-Con 6% upply; closed about 1y: de iaden (2) 17 RiNBer 3W YORK, June 26.—Crude rub O eise % Iy o fsupp osed abou ady: d D oo Taet iweek ind bona = o b i er oked I sheets, " | Midvale Steel %| CHICAGO. Jupe (P).—Butter— | giockers and feeders scarce . = Gold Dust 46% ber, smoked ribhed sheets, un- | M htana Pow 58 1015 it el FIIRL Bt & U S Rub 18t (3). 1 S Steel (7)... steel pf (7). Jniversal Pipe. . h Copper (5) tl P&Lt A(E2) &1 (5) changed today's quotation of 43 cents. This compared with » month ago and 851-5 cen ago. Better Busimess Trustees. wess afliliations of the 35 elected by the Better Busi u at yesterday's annual shown to be Addison, . secretary. Sav- Commercial Bank: Edward 1% extri t Tube 1st 6. .. The present decade is seeing the| oo g ny’(4) 50 heginning of nsition during Goodyear pf (7). 104'% which the lu nd_other Gothm S H (2%) wood-nsing i i Goth S H new she stock, weak t cows and heifers, canners and cutter cents of the States will shift from alceittteol O Sov “mining” to a “cropping m of | Gre North pf (5) 74% timber utilization, savs the ionaal | Gt Nor Ore (1K) 21% top on COMMODITY NEWS LG top on BAR SILVER PRICE. Bank of Commerce of West § pf (1) 115 | va-Caro Ch(n) . il Sy ¢ AV gt i While commercial forestation is pre- | Green Canan Va-CarCh 6% pt U, 2 WIRED STAR FROM ar 1030 5 Perpetual Building Asso rcep—Receip! Eehrend. Philipsborn & il Me ic | Va-Car Chn pf(7) 5% | Vivaudou for weck. ENTIRE COUNTRY | | .5t 14,000 direct and 1i ey 1d for the lumber in-| Guantanamo. eminently i Lo pber-using industries | Gu M & N pf (8) 106% dustry, oth today: doubles from feed hany, T. W. ns, fr. I oshua 314 430. Net operatir lus five months of 1 d, W. E. Hibhe ulin - & 54% 5% common 6 highest, lowest and | Utah Pow & Ltfs.. 2 g 7s.. 5 3 8 are becoming actively interested in it. | Guif States § (5) 725 | Wabash. ... 4% GERMAN BONDS AND STOCKS. | xor States Pow 5s. e statlonss. fab: Woestein - e i ; stations; fa <te ambs P B0, Reviewing the sugar situation, the Hflr'vpamz“/z),‘. _2'; \Vv.abns:: ::f A ). 6;;: (Quoted in dollars ver million marke). Pac Gas & E15s. .. NEW ORLEA June 26.— steady: nath And | culla aridveiily Akl “"-m{{" New York Trust Co. concludes tha: | Hews Geo (16 L e ward Baking B3 33 Ger Gt (w In) ba 1014-18. 95000 1055'as | Pac T & T 18t P tribution of zoods this month has heen | strong” to 25 hi t sheep st William G. Gal® curtailment of production in Cuba oe oy = ‘ rner Bros. 135 Hamburg 4158 1010 .. 140.00 15000 | Pac T & T 5s 62 well ahead of last June, with to strong; and avenue: M. G has had a stabilizing effect on_ the | Househd "3’{’;’, R e S| W PennELA (1) 94 (Guotea i Gollurs ber tiousgnd marke'" | 00 A mer Pote 68. Foods, motions and Summer clothing | steady; wee fat, S P bl 0 infustoy. o) o e Nsoniias oo | Weat : pan-Amer Peto 75 Showing the largest sains. The amount | 16.40; native culls e . . ustry 1 . eBt Pa an-. = 3 : g enberg, M. Golde B B 1920 crop previously indicated | HudsonMan(2i4: 8% 38 g;suy{,:”mfig;‘cu% s 1k e CuttienA s TSliie encinrients being BOUEHE |y caniimEwetlias : e record output, which, with the larse | [adson Bo(SH) - G 21% B e i) 121 Plerce-Arrow 8s... 1 106% 106% | indicates that the movement to feeding lamt fat range [ \Willjam Hahn & Co.: H. G. Hoskin: tnerease in European produetion. | Hupp Mot (1). . i | Westinghse (4). 68% Lioyd Public Service 6s.. 12 103% . 103% | rope will be heavier than ever hefore. | lambs, 1 ; 0021550 5 S Natlonat BaREAE i would have tawde it necessary for| Nltnots Cen (7). 122 ige dgz |IVeREELS Lo Sk y " Pub Serv Elec 6s... 1 — cull, nati 10.50a11.50; vearling & Foss: Pecosead Cuba to find o market for a greater | Indep Ofl (1). 24% 2% 24% | \wpite Eagle (2 27 e P Serv Gas 5145 64. 9 DETROIT.— The Gemmer Manufac- | wethers, 12.00a13.00; fat ewes, 500 2 . - quantity of su, than had sted | Indian Motor (2) 21 21 21 | \onite Mot (4) 66% Dusseldorf Rep Iron & S teel 1 B ikers « tomobile hard- | 6.50; feeders, 14.50. Selvait Kis '“hr- 1 hvw'wn : ‘;ull of ':- i Indian Refining. 10 10 10 | White Rock (2. 28 s e 700 Sinclair Ofl 6s. 13 chused the Parish | e n el mitation, the annua 1 in Cub| Indian Refgetfs. 8% A% 8% .o o b aeh. el 1200 9 0l 6% ufacturin Mant, consisting « | Lansh % & - Willys-Overland 27y Badisilie Anilin Sinetair | Manufacturir o . s will be about 4,906,000 tons, whereas a iratl 23% Z3% 285 | \WoolwthE W (15) 16346 LG G e B Sinclair O1l 7s. . g nd 95,000 square feet of floor WOOL TONE STRONG. ey production of 1000 tons would | Interurb Rap Tr, 43% 8 M e S u..mm‘:,l Tl Bk il 5 o Conimak | SpadlAn Dilpatah 162 Slky Leoard, W M on TORGIE LA Seh exie ) R teoril S UD RS SRS 164 16% | \wright Aero (1) 37 fnor Bank. . in Pipe Lina bs... 49 91% | compiny's main plant. BOSTON, June The raw wool | 1'uac” Frazee H. Lowe ad been no restriction. In Ag Cprpf(T) 84% 83 83 | volmec(T5e)... 20 24 24 Rank. .. Kelly Of] 6128.... 61 market closed the week quietly, but | Palais Royal: R. B. H. Lyon. Lyon Gross and net isarnings of the Pere | LoF BISMY () 10 46% d6% own (4) 6% 16 5% e R Southwest Bell 55. 9 KANSAS CITY. June 26 —Wheat, | with a fairly strong tare, the | & or. (et Havare M riie e MRattivay for May were sull| AL COTIERERE) T 62% 63% | 2 Hevden Chemical. ‘Fenn Elec Pow 68. . 1% the principal crop of the Southwest, is { averag about 1 Skt B b staniaily farger than’in May ling] Lo irescOR). ALADN T Rl e e S L O Toledo 1dn 15t Ta.. 9 1081 108% | turning out brilliantly. and one of the | the gr her. I y marke % Sl Vear, net operating Income of $573,530 | [nCAtch b(3.20) 64k Sl 1l il BRIEEE Shin United Drug 6. ... 8 106t 1051 106 | greatest harvests In h ontinued firm @nd final clearance | feorge B OF X e parine b $A80338, und marosus] DU DN Naie. 7 wise N = il US Rub 1str 194 04 | yar whent: now s Tors es in Australis were at par to 5jLothrop: flerhert I Hieh. B ‘\“'{J' after char $386.158 against $275. e ?\',‘"k‘“,“('z‘,’" ';2:' Uy Kook 2 Plus 47 BOSTON STOCK MARKET. |UsRub? 14 106% 1085 | splendid ‘business improvement for this | cents higher. | R P L Riat PET Vit o . pa uarterly. * $Payal BOSTON, June llowing is « | U S Steel s f 5s. 1064 106 lentire section, | . | Herbert shaniion, Shannon & Luchs, | EARNINGS SMALLER. |inc; W. \. income for the | 1ne paper. $3,40 {n, stock. |yist of tod b Ten per . June 26.—Rumors are in | B¢ Co.; Antor Int Paper pf (7). for the most active ; Vertiente o quar. | closing prices 94% 941 1] & o —The | y against § 0 Int Tel & Tel (8) 124 124 12 i " YORK . 4 4 | m stock. d Payable when | gtocks des . Vestn Union 6% 2 culatic er at t aconne . June - s . x surplus afte 2 Int T&Tolog rta. 1% Sl T caks of stk "4 pigs | stocks deait in Here Westn Union 61i9 & e e e SE o onie fun i | Martin: & \V. Strauss, R. Harris & against $1,657.2 ¢ i1 & Plis 150 share in glock Westinghouse 7s.. 8 106 Tills of Fall River, i v the lust | St. Louls-Southwestern (Cotton Belt)is | LT WAl eeorath e - Intertype (11%) 22% 224 221 | b Bius 1 4 shiare i svecial stock. | Plus C e Wilson & Co 1st 6. 9 95 {three vears and in the hands of @ |among the few railroads thus far to | (o 0% W J- Waller, Federal Amerl Stockholders of Famous Players Las | Jewel Tea S| DL In med K am_ Mines « Youngstu § & T 6s. 4 104 108% | creditors’ committee, will be sold to | report sialler exrnings for May than |4 Fal £t A dentisl %y Corpors ave approved on in-{ JonesBrosTes 1| g Copper” Rane. . RAILROAD. another manufacturing concern in the |the same month last year. surplus | &8 REEsiCRt B0 (0 SECTRETS crease in au d common stock | Jordon Mot (3). 291 DRY GOODS QUIET. Edlaon e Atchisonadj4s.... 1 B83% 883, | near future. LG EICHIEE ] SN 6 o memiler of Lhle ossi ) 50,000 s res to 1,000,000 es - ‘18 Sedviintie 9 a vear o il y " by Somb0,000 Shaites €6l 0IC000 HATER A i an Bl oiith " YORK, June 26.—Cotton | fe Rovile Atchison gen 4a. . : 92°| MERCER, Pa—The two western | opetatie insome fell to $238.031 from Em Yellow Truck and Coach Manuf Kayser J (3)... closed the week quiet | Maxflower 0 Cp, - AtlantleC L cl4s.. 2 92 92% | pennsylvania wool pools are now en while total income dropped nz income of the N turing Co. has sold 250 cabs 1 Krasge §8(1.20) 1, with print cloths | Do ERfn ! Atlantic C L 1stde. & 93% 986 | o vai oni thols oliphanal the growass rons. SIEBAYE. . S May a }:;:,’fi“ b:h‘»:m.‘ oy . Lago Ol1 & Tran % oo "|"i"“lnml i Swed Am D o LR f:w 8l | et l[och‘\ P\\hllo x“ {n L(\mu‘E Wwool s for the five months of 19 in May i 3 o Lambert (3%).. silks were slow at un- | tniied shoe ‘ o : 14 expert of Pennsylvania State Col 926 wa I comparad with £543, | and ‘for the five months of . vehioles 2 changed levels, IWinne™s % | B &0 gold ¢s. ¢ 8la 1%l graded the olips. 496 in the same period of 1925. §733,678 from $526,993 a2 year . )} -