Evening Star Newspaper, June 26, 1926, Page 27

FINANCIAL. PRICES ARE LOWER INGENTER MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK. June 26.—Today's twohour session was s typleal week- et end market affair so < the move ¥ it of prices was concerned Where Poultry. Meat and Eggs Go, i< ot <im B ncoum Down—Fresh Vegetable | ™ oo, Koot feal of seit e list. The movement of prices was | iighly irvegular. and the volume of | iusiness somewhs ler Cheapes e, decrease in prices of | VA Som “]h“ smaller. | Fractional advances were recorded | and cheaper laml and veal | 3 an i wh and YOul iy various Standard Ofl issues. New were features of the week's market. | Mexico and Arizona land continued The most appreciable decrease wi i pward movement, prohahbly belng in the price of lamh, such meat havir T - seached a high point aiout two weeks | NEW FORK. June 26.—Following e i | is an official tist of bonds and stocks B0, | traded in on the New York Curb | Poultry dealers have received num- | Market today | crous shipments of - squabs from fsaiesin INDUSTRIALS pearby Maryland and Vieginia, the o Hizgh. lLow price depending upon size and quality {15 X018 Great So pf. o0 £ the hirds. The retail price for top HAh Pick Bar vie fi;the hird geiall i Seuny ¥ Alim Co new stock is 81 a pound. | ' Aleha Port Ce e e o] NAm Gan & Eleer Dealers hav eived many live | 1 Am Gas & | 2 Am Hawai turkeys this week. the nus it is T e stated, being farser than during most |y Am Pow & simila periods. Prices have incre ! TAm bub Uy to 35 cents ton live turkevs. | ] \ Bresse ok was quoted at 38 | i | 40 cents this morning 3 ! tly fited growing crops in | e . s, and s expect e | Will mean increased receipts of “early { fruits and vegetables. A'n Stra ¥ Season Ending. Corn i The successful strawherry season | « 5 | S fast drawing o q close, the seasont L1 Commonw Pow » *tretehy P cer period, due, Continen” Bak A it is stated, 1o continued cool Continen Rak R ke iy Contl Rak pfa.. ather contl Tah Tne Moderate supplies of blackberries Cunco Press from North Carol e past w e For R € vie from North Carolina the past week Dot g T | have .met a moderate demand and Durant Mot maderate prices. Top stock this morn Dur Co A Ing sold as high as $4.30, the poorest ] Hond & Sh of # .3 El B & Sh n cor auality bringing a0, The few El Invest Inc Eng Pub Serv'. yaspherries Feitman & Cur A high prices. in market are quoted at Tom Watson and Thurmond Gray Pt ioe: watermelons are being received in Ford Mot fairly large quantities, and prices S Py have taken a decided drop the past B Gen Bak few days. Dealers were well supplied with rth varieties today, Cholce Tom Watsons brought $1.25, smaller ones selling at $1 and 75 conts. Thur- Goodze mond Grays, not so plentiful and Happ € not_in as much demand. were quoted ®t $1 and $1.25. Liberal supplies of corn from Texas were offered at lower prices, the choicest at $2.75, the poorest qual: ity selling at $1.25. New corn from the Norfolk, Vi.. Section has made iix wppearance in the local market, i Nat Fun’ o the ears being small. What it lac 1 in quantity, it is stated, is made up el o it in quality. e il Onion Supplies Light. Boiler Supplies of onions from Texas and California are light. and Spring i onfons from nearby truck farms also cBak B re anything but plentiful. Yellow e ¢ Bermuda’s from California, and Texax # Rickenback Mo 2 Rich Rad T Roes Stores 4 Silica_el vie 11 Serv E € A'of de * sold at from $2 to $2.25 a crate this morning, sales of nearby stock being too limited to make a market. Heavy supplies of tomatoes from 15ou gap & AT 3 Mississippi and Texas the past few | & son p % i n bf i has resulted in lowering pric L Sou Cit Upf L 01 counts brought as much as e R % . while smaller stock sold as low 1State Mot oo B, Ay as $1. enabling retailers to drop to Aswift Tt 110 iKY iR 10 and cents a pound. ’;;;'vm & Co ....112% 1125 112% and. omp Rad v 16 1t 1 it teceipts of old stock potatoes are Tob' Prod Export H i 100 light to establish a market. Re-| 457Trans Lux P A A% Riy A% ceipts of new potatoes have steadily T LR T Ll T increased, with a correspondiny de- 3 G I0RN 10R% 108 M crease in prices. North and S\uth "“1;;'"‘ ;;l &P A 10% 14 1a% Carolina stock sold at $6 and $6.2) a ’.3,,'3:‘.,,",.,,"';_' LTl VL barrel today. o3 United Bie & Hy 4 Liberal supplide of string beans and 8 Voied Dl Byor 100 180 moderate supplies of cucumbers, cab- LI S i bage andy asparagus were reported 1 Yates A M P pf 28 28 this morning. Tar Delavare MINING STOCKS. asparagus hrough hoas § . dozen bunches, infer {ock seiling Honee: 133 as low as $1.20. Ltd 1 117 Moderate supplies of cantaloupes| }f roEsns e and light supplies of peaches were 30 Gold State. LT 06 reported. Bushel baskoews of Georgia 18 Kay ln\me- [} peaches brought $2.50 and $3. while Y i dup cantaloupes brought from $1.50 to $5. 10 Pitts Mt Shasth Noon closing of ihe Government S e ¢ departments was reflected in the verde Ext’ early morning buying ch of the s Conu retalling in the stores is done during e the morning hours of the early-clossg | g\ % T8 s . season, many of the Government o fim.q!-;xlr:wn S R wor leaving the city early in the Amer. Oon' Olindy Am Maracaibo C @ Beacon OIl A Carib & Cities 8 afternoon for week end vacations, Market Prices Today. NEW YORK CURB MARKET |in | pany G THE EVENI Direct to The Star Office sympathetically affected by strength Texas Land Trust certificates on the Stock Exchange. The showing of | on the Hoosier Oil Company’s prop- the first uncovered in Valencia erties, County, had a stimulating influence upon the market for the stock. al though detaiis concerning the discov- | ery were la king Roth issues of United Riscuit went into new high ground, reflecting the henefits expected to be derived through the expansion program of the com mth American Gold and Plat inum’ was selling within a_small fr tion of its best for the year, follow vesterday's announcement that April | production approximated 2,000 m...uw; of platinum, valued at about $200,000, N STAR. WASHINGTON, BIG HOLIDAY RUSH -SEENBY RAILROADS Retail Sales Spurred by Ad- vent of Fourth—Harvest in Southwest Begun. | BY 1. C. ROY | Soecial Dispateh to The Star, | NEW YORK, June 26 The rail- roads today are preparing for the big | [gest rush of haliday traffic next week | e end that they have ever been called | 1elid il Co upon to handle, The gasoline dis- | heon 01 Cor | tributors expect a terrific demand for | it liot ks [ motor fuel. and congestion of roads | LA * [ceems Mkely 1o he great. Holiday buy- | [l ing has already hegun to have its of- | i L. fect on retail sales throughout the | 1 Mex Land country. which are exceedingly heavy 1 Pandem Ol now and promise to increase up to 43 Roval Con O&R. | “These saies, which. after all, are the | ] Salt €% Cons, veal indicators of the business trend ik s of the country, are being spurred on | . Ly extensive advertising. Newspaper | dvertising in the principal merchan- | dising centers of the country is run-| e ning between 6 and 8 per cent higher | Sulexin STANDARD OIL gL e ot et and | unies. throughout the next week will prob- | 100 Anclo Am Oil ablv L 1imost ns heavy as during the | 50 Buckeye P 1. Ch as holl season | 900 Continent O\ niv K00 Humble Ol & R. 00 Tmp 0 of Can nw L Pt ( T " ROO Prairic 0&G new 150 Sou W Pean P 1. RONS O Tnd ... 1008 O Kansas.. 251 1008 0 N s M0 O XY Ay | 00 Vae 01 103 Sales BONDS. | in thonsands 17 Am Gas & Bl 651001 1001, J00 1, | I Tt ga1y anal PR T Gen. dnA Roll W 1 Anaco 5 Ae Sim Ha 2% Atso G & ian SR & 1 el 1 Wohs A Beih | Cities Servi Cities Serv e D T Cons G Bal B A 5 Cuban Tel Tlps T Det City Gas Bu Detroit B B 23 Duke Price 6 A i5 Blec Refric Gs, 1 Fed Sugar v ‘33 Fla Pow & 1.t B G r T&R b 5Gd Trunk Glae Gulf Ol Corp Bx Hood Rubber 7 Jowed reduction of prices in some | i games W |lines. This is due both to the price | rexge Fun | cuts and to the extra efforts made by | 1 Lehigh Pow s A ompetitors to counterbalance them. | ) oo e 8e | Building is being rushed and the pay- ! 1 1024 10410 01y 103 1011, Mase Gan 514x orrie & ok 104 ° 104 ! Xor S g 112% ONS PM 61,8°C 2 Ohlo Pow Bs B. 11 Ohio Riv Ed 8. 10tis St B AL 40 Pan Am_Pet @iz jormi E'ate | 0 Phl EP 815« S N 1 Blge wi rn Ol Co flan Rand K B 5la8. 47 Servel Dal 68 20 Schulte R E 6% | | & Sales in thou 5 Ber ¢ i Cologne 2 Danis Con 3 lgs. i Denny 4 Eur MU& 1 « Con_F 17 Useden” $10° 7 wn Pu 1 i Krupn Fr Leonhd T ¢ Mans M&S 75 "3 Osla. Blys 111 0 A i K Ro CC By fiiys 1 Ruke G 615 0 of Tlax S M T3k Siemens-H 7 iemens-H 48 1035 101 a6 263 EI— Westph T *Ex-ividend Rutter Fancy, l-pound prints, 46 A0, tuh, 2 Svnd . ‘esh, selected, 1a3: hen- nery current receipts, 28a29. | Poultry alive “Turkevs, Spring | broilers, 4 Plymouth’ Rock broil- | ers, 113 to 2 pounds, 45; smalle | 40: White Teghorns, 33a36: fowls, 30: roosters, 22; ducks, voung, 20 ¢ 5. keats, voung, T0aR0: old, . Toressed— Turkeys. 35n38; broflers, BY STEWART P. WEST. 5 ats, young, 90a100; o 22’2,_"' 2L, SE, N HLEAD 1 Dispatch 1o The Star. Live stock—Calves, choice, 111 NEW YORK, June 26.—The stock meditim, 10811: thin. 67 hogs, heavy | Market during the lnai week has and medinm, 13%z: lighi, choiee. 14| shown that it was mot getting back Jambs,. 15, to the form of last Autumn. Some Meats Boct. 17 lamb. 30: vea. |&00d judges thought that when prices 20n22; dressed pork, heavy, 19; pork |Started forward in May, after iwo Joins, a6 Weaern. 0132 hams, | MONthe of severe decline, it implied 36; shoulders, 1 it the beginning of another “buil mar- 84; fresh shoulders. ket.” This expectation has not been alized. The publie is still largely interested Frult and Vezetable Review. i Today's market venort on fruits and [In the Wall Street proceedings for | vegetubles (ompiled by the Market |the reason that it paid high prices for Bureai of Agricultural | Stocks seven and elght months ago which it has been unable to get out of. tut it cannot be Supplics moderate: de said that during the mand moderate, market steady: Calic| %t month and a half there has been fornin, Imye \alley, Salion Tints, | much fresh outside buying. The in standards mbos, spiration has come from profe: sources, and the professionals have been working for higher prices simply flu. ae ‘cady: Wash. |becatse they sense a change in the | 1.5 dozen, | Position whereby stocks which had 2.2542.00. 1 W York, | been weakly held in January were 2 dozen crates Roston type, 1.00a | Srongly heid at the end of April. e R ks Moderate Profits in View. Heht, market steadv: Trans, standard| These are technical considerations, erates, Yellow Bermudne 1, 8. No. 1,1yel they further to explain what hest, mostly 2.00; ardinnry condition, | bax been pening in the market 1.50. California. standard evates, Yel.|than any eccurrence on the outside. low Rermudas, | 1,:2.25. |In some lines of business certain Peaches —Supplie i de |amount of quickening has occurred | mand maoderate 3 eady; | Auring the last month. But as the Georgia, 68, Farlv R T pack. | Faif year ends, the picture is quite 00a2.50; North Caraling. Dikes Red {different from that which was drawn Rirde, 2x2 8.55: s, Aips, the start of January. | 2x2 pack, poor eolor, fair conditlon, | The vear 1926 is cvidently 2.5043.0 {be o vear of moderat | e S IO pities Tight: | nothing more. Figures on At moderate stendy: €At loadings and on hank clearings | Nerth and South arol cloth top | mike it appear that the general dis stave barrels, Cohbl 1" £ No. 1, |tributive business is very large. But Taostiy few i iv [what they do not show is that con graded i | sumption” has so far overtaken pro- | d duction that buvers of goods are u Tomato M | the way they wera in 19 % Tomatoes— Supplies libera hey are doing little move - moderate, market chasi or th ro than they were 4s, ripes and turning. weay Jth Aprit, i no rush and v 1.00; few 2 {therefore commodity prices continue s, ripes. Wrappe Comparaiively I On this subjee fancy count, 1.25 6x. ripes | Duu's Review says at the close of wrapped, fancy count, | the present week that “44 of a total 1.50a1 lof 1ges were in a downward MGateran Supplies liberal: de- | dire, ,".Iv',.xy..:}":.“.’.. Pk LEE Sl T - extile Industry Low. UPWARI) MOV EMENT OF STOCKS 1S HELD LARGELY PROFESSIONAL capital is rather fighting shy of the highest grade issues hecause they have reached what are regarded as prohibitive heights. But any new flo. tation, which comes out with a prom- | ise of a 5 to 54 per cent return, with ample support back of it, ix readily | taken up. In a word, the investment | idea is that it is better to take the | very slight chance finvolved in a | slightly lower grade issue than to go | into securities of the highest rank. French tion Watched. The working out of the French | financial situation is going 10 be one of the most Interesting episodes of 1926 After several vain atempts M. Briand has succeeded in forming a ministry which includes M. Caillaux. It Is probably fair to say that no other finance minister conld have been appointed who would have | gained the confidence of the futerna- | tional financial community more than | M. Caillaux. He stands for govern. | ment economics more than any other rench statesman. He has shown himself more courageous, also, in the | matter of tax increases. Therefore, ft would unquestionably he safd in bank- ing circles that this was a good move, the hest that could be taken 1o save the frane. French finances, more acute than | they have ever been, can only he | vemedied by two methods, one the entting off of government overhead, the other the increase in taxation, whien no French government in re- cent months has seemingly heen willing to face Inflation in France. On the other hand, there is infla- | tion in France. At the preseni time the paper note circulation is up close to the maximum and ix on the increase. i is not so much be of iment borrowing. but rather be the value of the money unit | in terms of actual money has been sieadily goin down This imp more and more borrowing all the time to conduct ordinary commer- cinl operations. The same sort of thing occurred in Germany and can only be avolded in France if there s gome outside financlal or if the French public ix willing to face in- creaced tax schedules. { Cotton has Leen fuctualing with- | {16 ange Whith Inclided puices that | aver the greater part of the helt are commonly helleved to he below the | of production. ‘The economie aw is that when any commodity goes below production cost there must be a curtallment of output sufi gove fns u yst e 580 each The prineipal depression prevails String beans heavy: de the textile industry —in woolens ynand limited weak; North cottons —and then again in Caroling (manv refused) 5.peck ham- |leather. This more than balances pers, green. some faiv condition. 50a | such slight improvement as has oc 150: homegrown, barrels, 2.50a3.00,|curred in the average of steel pric mostly 3.00 | No great era of trade prosperity has Cucumby Supplics moderate: de-|ever been built up on the b of mand moderate, market fairly steady: |low mercantile prices. Tn for North Carolina, bushel in- [ the present situation to ha hig Cv, 15022000 Virginia. Norfolk sec-{upward turn, the proof wiil be neces tian, hotbed stock, 7 bushel hampers, [wary that there is a real deficiency in fancy, 3500 choice, 2.25 the volume of goods being purchased Cabbage— Supplies il demand [and there is certainly no indication ght, market steady: home-grown. |of any such thing now. barrels. 14t and pointed type, mostly | Money rates have remained ahout 2.00: Tennessee, pony crates, pointed [the same all week and investment Spe, 2.50a2.75 conditions are unchanged Inyestment Llong erops to suit a world sit ' poor prices, fon 5 | however, |since production alr | quantities on 3 [have not moved upw | quate profits in many cases. Biggest Ship Launched. The largest steamship ever launched in an American vard slid down the ways today when the Malolo of the Matson line took the water in the Delaware River. The launchig of thix ship not only marked a distinet advance in Amer- ican ship construction, bnt also departure in plans of operation, since | Gibbs Brothers, Inc. her designers, | will operate her on the San Fran- | cisco-Honolulu run. | manufacturers working at top speed. | firat CHICAGO, June 26 (). otatoes— Recelpts, new, 54 cars: total United States shipments, new, 945; old 60: on track, new, 133: old, 10; trading very slow; market about steady; Wiscon- |'sin, sacked round whites, 2660285, Idaho, sacked russets, fair quality 2600275, New sto k weak; Southern acked ‘Triumphs, 3 3.75: cobblers 3.2008.50; California, sacked lonz cient 1o restere equilibriums. Theo- | KANSAS CITY, Mo., vetically, this should have happened | ees of the Willlam Rockhill 1 Lwo vears ago in sugar. It should | son estate have extended from June | have happened a vear ago in cot- |30 to July 8 the period for submission | ton, T fact that it hgs not done | of bids for the purchase of the Kan s0 fs simply accounted for by the | Star. The postponement was Aifeuliy of readily adjnsting age- the request of one of those Harvesting Is Begun. | The harvvest In the Southwestern and Western rain Statex is now in full swing. The pucchases rlier this vear of harvesting equipment ave now in returns {n the shape of | Combined harvester- | been more heavily hy previous year. Al distributors in centers are dis nd for textiles broadened to a bringing lowered threshers sold than Wholesale some of appointed have in and re the grain that der nd clothing has not ter extent in view of the agricultural situation, but sy buying Is proceeding at a moderate pace & brighter | they good makes its | | Cotton D. (.. SATURDAY. Markets at a Glance NEW YORK, June Irregular: motor ing shares heavy. Bonds—Firm: § 000,000 German steel loan oversub. (l‘rflmd Foreign exchanges -Steady | Spanish pesetas rise wut 10 points. High: excessive rain South west. Sugar and coffeeHoliday. CHICAGO. —\Wheat, unsettled: July liquidation. Corn, steady; farm relief talk. Cattle, frregular. Hogs, lower; puckers inactive. AVERAGE OF RAILS GOESTOHIGH MARK ). and merchand Strength of the raflroad shares re- The sag Which normally | flected the continuation of heav | appearance in the producing lines at | peCeft (s *O M lion-car mark | this time of vear is less marked than | o in heing crossed in the week usual. The steel mills are splendidly | ohqeq June 12, the unusually favor engaged and have ceased 10 WOILY |, hja pature of the May earnings over the fact that orders are Deing | i, iements now being published and placed for quick delivery rather than |for large amounts. Anthracite pro- | duction is being speeded up to make up for the lay-off incident to Inde- pendence day. Bituminous producers, cannot henefit in this way, dy is excessive, Auto Sales Spurt, A spurt in automobile sales has fol- ol- roll volume of the building trades dom has been at so high a point. This has helped building materials, bhut lumber production is still leading new business hy n slight margin. The vol- ume of highway work, now in full swing, i& keeping the cement plants shipping at o high rate Nearly all the textile trades are wel- coming the holiday, since curtailment i still the order of the da Wool is bheing bought more freely and in larger the ranges, but prices | ard in equal ratio. mills have | Silk and cotton takings by been small The bility of the nonferrous metal prices has operated in favor of producer Th is specially noticeable in ecopper. Mining com- panies have put into operation many cost-reducing methods in the last six months and now are reaping ade- dio sales expected months has heen expansion pro- utilitiex com- for household the electrical The drop in T in_the Summer only a dip and the |grams of the public | panies and the call | equipment have kept INCOME IS LARGER. W YORK. June 26 ). -Net ting income of the Northern fic for May jumped to $1.135,304 compared with $695,89% in May Inst ¥ making the total for the five months this year $5.760,936 against $4.059.456 A vear ago. May gross inereased ahout $486,000, OFFER FOR STOCK. NEW YORK, June 26 (@) agreement by the Commercial ¢ Co. to take over all preferred and common stock of the Mortgage and Acceptance Corporation offered to it hefore the close of business July 10 stipulates that for every 7 shares of preferred of the Mortgage and Acceptance it will give two shares of its 61 per cent first preferred, $£100 par, and 3 shares of no-par com: mon. FOREIGN EXCHANGE. NEW YORK, June 26 (4) exchanges steady: quotations Foreign (in cents): Great Britain, demand, 48614 ; cables, 486% ; Go-day bille on banks, 4827-16. France, demand, 2.80% cables, 291%. Italy, demand, 32.62; cables, 3.63. Demand: Relgium, 2871 Ger- many, 23.80: Holland, 40.14; Norway, 21.94: Sweden, 26,83 Denmark, 26.50; witzerland, 19.36: Spain, = 16.14! Poland, 9.00; ('zechoslo- 1 igoslavia, Ausiria, Mo, Argentin 15.83: Tokio, 46.8714; :\h-mrm\, 100.15%. I-r'w‘l > 8714 4.\”‘ \M\ i, POTATO MABKET STEADY. North Carolina, bar- 6,40 whites, 3.6 rel cobblers, BANANA RECEIPTS LARGE. BALTIMORE While 160,000 bunches of bananas have been the weekly reccipts at this port stnce the opening of tix the arrival | Thursday the Jose from Jamalea with 35,494 bunches i nite Frult Co. raised the record 1o 110 bunches. Next week thera will four arrivals of fruit carriers. | June 26 season, of 1o the Kansas City Smr Bids D(‘x yed. | June 26 (). considering the purchase of the news. paper, | consult your banker. merger rumors. Investment buying of these issues by large financial in- stitutions was reported to be unusu- ally heavy. Reading, Canadian Pa cific, Union Pacitic and Gulf. Mobile and North common and pre- ferred were ameng the score or so issues to attain new high levels for the year. Steel shares displaved a relatively firm undertone, with buying influ enced by reports that new business in June exceeded that of May and hy siiffening price tendencies, an in- crease of $2 a ton In steel heams being announced during the week Coppers held steady. Howe Sound mounting to a new high for the year. 0il Temporarily Strong. shares made a1’ temporary play of strength In response to ports of large current earnings, re ports of a decrease in crude oil pro duction last week and merger gossip but the rally. like many which have preceded it, failed to follow through Executives of some of the largest companies made optimistic statements on trade conditions, Marland's 1 earnings belng estimated at $10 share and Pan-American’s at §12 $13. Union Oil of California. broke badly on a denial of rumors linking that company with Marland and At lantic Refining Weakness cropped out in the mo. tors, coincident with the curtailment of operations by several large manu facturers during the inventory sea son. Rea®nt price cuts are to lead to others because of growing competition and Wall Street was in: clined to regard these developments as foreshadowing reduced earnings *ood, equipment and merchandisin issues also presented several points of strength. dis- re oil a GOES WITH CONGOLEUM. NEW YORK 26 () W. flawkes, executive vice p and general er of Chemical Co.. who has heen isse with that company for nearly years, will become vice president kenernl manager of Congoleum Inc.. on August 1. June Albert sident eneral fated 30 FOREIGN EXCHANGE. Quotations furnished hy . B Hihbs & Co.) Nominal Selling checks ol valy Landon. pound Montreal. dollar frane Is frane.’. mark lira franc drachma heaetn crown 210t S Vienna. Rudanest Prague. Warsaw. Copenhagen 000014 14 00011 1 erown ., Oslo, crow Stockholm. awn TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co ) Rid. Ofter 100D 100 114 1005588 100 9.1 101 101 11533 101 1014, . SHORT-TERM SECURITIES. (Quotations furnished by Reduond & Co.) Tt '“"nm Adirond, P& L€ Alum. Co. of Amer Amer, Beot Sugar | Am. Tel. & Tel. Co Anaconda Copper tis 14 Associated 0N (e 19 Baltimore & Ohio ta 1i Hethichem Ste Mil. & St ity of Lyon s 1934 Columb. G& F et 5 Continental G, & A & rthern Gulf Ofl Corp. Fumble . R. Ko 0 Pa Goodyes Great N M.SE P rrin & York Contr ezon Shott 1 Penna R Sineli 1 & Co. Union ‘Onl of Cani Union Pac. R, R ( ©, o, UEY Rihber 71a 1 Weatern T'nion 61oe 1056 117 Westinghouse E.&M. 70 1031 10370 10§ CHICAGO '0OCK MARKET. CHICAGO, June 26 —Following is & report of today's sales, high, low and clo tations at the Chicago Stock 1 Sales 00 Adams Ray 1300 An States A ) Am States R 30 Am States war A0 Auburn Moto: au e Household il Bros 3000 111 Brick 200 Montgomery W A 1100 200 Morgan Litho 100 Nat™ Standard 100 Real Silk 650 Thornxon J 'R 28 U Bisent 4100 1n Lt & P A 101" s 200 Wm' Oilomat Wi 100 Yates Mach 5 Total sales. 16.000 shares Your Banker, Knows. in doubt about a securit It is equally much his interest as your to protect your savings. You trust him with your deposits-——why not trust him with your investment problemst ‘When Stocks | { High Olficials Present for Cere- expected | | | | | { | | i | | i | } L ered basal metabolism {part played by JUNE 1926. COTTON ADVANGES, THEN TURNS EASIER Heavy Realizing After Rise Cuts Values Down in To- day’s Dealings. 26. By the Associated Press NEW YORK. June 26—Cotton futures opened steady. July, 18.08: October, 16.67: December. 16.55; January, 16.40; March, 16.59 - ports of continued wet weather in the Southwest and increasing appre- hensi, of ins \mage were con- sidered chief tors on rather a sharp advance in the cotton market Rumors of Redlscount Rate | carty toda First prices were 1 point lower N 2oale on July, n from 6 to 16 points Cut Failed to Materialize |iicie’ 'on taier monthe. The gen- i [eral market soon showed net gains Durlng the week_ fof to points on covering hy trade shorts in July and some fresh s buving well as covering in later : g | deliyerie By the Associated Pross el his advance brought in heavy NEW YORK, .June Purther | realizing, however, 1 the market progress on the up side was made in{ oianad, July selling down from this week's stock market with the | ggg g and December from average of 20 leading railrond issues|ygzs ) itiE CRE. STl e mounting to, the highest level I 4% | the (i<t hour. when the market wus eral vears. The average of s net 3 points lower to 7 points highe: ing industrial shares aproached with bt Mg oft o 1'u’n:'. x..h L,h.:‘\ in 6 points of the record higkh estab-{,nq 1550 for December shortly after | lished in February., having recover opening advance, prices rallied on ed about three. ers of the ground the fo st for continued showers in lost In March and April reactions. |the Southwest and renewed covering. The call money rates ruled above |, closed at 18.18 and December at 4 per cent, due to the heavy demand | 1563 “tha general market closing very for funds in connection with mid- | o PN BT res of 6 fo 11 vear settlements. Rumors of another | L A8 T BTN ade the con cut in the New York Federal Reserve | g, o6 pop cent of normal and esti- Bank rediscount rate this week failed [y 0 5 P00 SO B etivation to materialize. Credit conditions. NOW- |4 %46 536 000 scres, but gave no fig- ever, were regarded ax sound with no | BT T SR eld ) imediate indication of any sustained [ /P C T HEE TG T st very stiffness of money rates. steady at net advance of 6 to 11 pomts. - . High Low. Clos Heavy Freight Traffic. {gpmuars Hehs Dow aren 16 1% " 16 Decenber New Orleans Qubtations. NE'¥ ORLEANS, June 26 Cotton futures opened stead uary. 1617 bid (1927); March, 16.24 (1927); July. 17.35 bid; October, 16.30; December, The market was firm today. Although Liverpool cables were indifferent first trades showed gains of 5 points. The market rallied dur- ing the first hour on \Western rains and @ more serious view of the insect pest situation. ‘Trade buying devel oped in December and all active months advanced. July traded to October to 15 and December P).— Jan- 16 b 1638, 0 to 23 points up from vesterday's close, roward the end of the first hour prices reacted under week end liquidation, easing off 12 to 13 points from the highs. New Orleans cotton futures closed steady at net advance of 15 points Low January i March 18 duly 1% Octoher 1 Decemin = 16 CRAMP'S Tb LAUNCH mony at Philadelphia for 22,000- Ton Passenger Ship. By the PHILADELPHIA, Government officials were here aunching at Cramp amship Malol t passenger ve: ountry ‘The ship will be christened by Lur- line and Bernic th, six-year-old twins. who ¢ the continent to dash the custc bottle against the vessel's how daughters of Associated Press. June 26.—High nd members of today for Shipyard of the largest and speed- sel ever built in this Congress ry e W. I'. Roth, vice |\\v~hl‘ nt and eral manager of the Matson Naviga tion Co.. which will operate the ship between an Francisco and Honoluln upon its completion next Spring The Malolo will ! riven by twin- geared turbines generating 25,000 epower, and her speed will he o than 22 knots an hour. With staterooms, she will have accom modations for 683 first.class passen gors. Primarily and earzo carvier ssenger 1o can designed as a the Malolo he readily converted into a troop | transpa airplane carrier or an armored cruiser. Gun foundations are a part of her structuve and ship- | vard officials said it would be prae- ticable to install a battery of 12 six- inch guns and 4 three or four inch antiaireraft guns The Malolo is 382 feet heam of 83 feet. When will have a displacement tons. Nhe is expected to time for the round trip hetween Honolulu and _San Francisco from i2 to 8 A the vessel was said 1o be long, with a loaded she of 00 reduce the The cost of 1,000 he £6 One Cause of Obesity. have heen advanced Many theories for the canse of obesity. the theory that fat people have a low or less active fnterchange of chemical substances going on in thelr hodies, than normal people, has now heen proved untrue, sava the Hygeia Magazine. The next theory considered was that of hered- fty. 1s there a tendency to acenmu- Jation of fat in certain families? Stud- fes have been made of this and of the the glands in obesiiy rtunately, there not much about these conditions. Tn knowledie MOVING, PACKING & STORAGE. STORAGE FOR FURNITURE AND PIANG @20 Pa. ave. nw. Phone WESCHLER'S Mam 9539 Main 12 [SPECIAL RATES ON LOCAL AND LONG-DISTANCE MOVING | N'mONAL DELIVERY ASSN. INC 1317 NY. AE.NW. MAIN-14601 Pappep VANS STORAGE XPRESS PACKING Y SHIPPING e EYEAT.NW AN 3010 SAVE MONEYON STORAGE.CALL 9 F IRE- PRflF s TORAGE PRIVATE ROOM OR OPEN STORAGE LONG DISTANCE MOVERS CRATE AND PACK BY EXPERTS 1313 YOU STREET, N. W. PHONE NORTH 3343 ;ovmo KRIEGS the | One of these, | FINAN IMORE TOBACCO EXPORTS [ | ARE EXPECTED THIS YEAR President of Association, Meeting in Atlantic City. Looks for Increase of Shipments. Special Dispateh The Star 1 ATLANTIC CITY, N. J.. June 2§ A. B. Carrington of Danvllle. Va told the annual convention of the To baceo Assoeiation of the United States vere vesterday that American tobacco exports this year bid fair to surpass those of last vear, when ap i mately 1,100,000,000 pounds were ship- ! ped to foreign markets Germany was the greatest importer in , ‘with the United Kingde France and the Netherlands followin: in the order named. he said. The gen eral tobacco sitnation as unphml to markets and relationship between capitnl and labor is fairly satisfactory Carrington asserted He said the banks were conservative in their loans to the industry during the past vear The Chinese situation, resulting from a hoyeott of the industry in that coun try, is being given the cloge atten tion of the association, President Car rington said. Announcement cinl wites ' for special second commer In"in central north West mection, some with Etreat fronte. Tdeal sites for laundrics, ware. houses. manufacturing plants. storages. &« One special eite contamning 15.000 Tt with two street fronts Jos. A. Herbert & Sons 1013 15th St. N.W. w— | Mortgage 2 7. ! Loans On improved real estate in D. C. and nearby suburbs —for 3 0r$ years or longer. Prompt approvals. Ample funds. H.L Rust Co. 1001-15% St.N.W. Own a Packard The number of Packards you see on Washington streefs Is proof of Packard goodness and popularity. Many of them were bought used. Why not look over those traded in? Good Packard and good cars low prices and Kalorama Koad. two 1st R of other makes at fair terms. vestment a; branch of Raltimore financial firm. | neration will be on a partnershis | such awsistance as may be necessary for l!l pment of clientele ‘will be furnished. Ap ants will please state age. qualifications lnd oximate present earnings. ess Box 359-C, Star Office | It is | ¢ bility to is the between First Are a S 713, 715 and 717 14th On Tmproved Real i Montgomery Houses Business Propertles MORTGAGE LoanN 1321 Connecticut Avenue NCIAL. | CRRERE that leaders. the world fai [ ; ognize them | only element » 7 2 Prompt Action |First Mortgage Loans L'N-ll Rates _of Intercst and Commission omas J sher & Company, Inc. 8 15th Street WE FINANCE —al classes of Income producing property Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W Ready Money to Loan In Any Amount on 1st—2nd—3rd Trusts We provide suitable and satis- factory solutions for your finan- cial problems. Immediate deci- sions and settlements. You will find our charges tne lowest. Realty Loan Ce. 1417 F St. N.W AT 9411 Open enings 0/ U Packard Sedan —famous 3-26 model — varnished and looks new. Has new type steering—low pres: sure tires—oil rectifier, etc.— complete extra equipment. Packard — 1707 Kalorama Road. o & 2] EX DR/ LRI [NRIERRRR R el e R U Money to Loan Secured by first desd of trust on real estate. Prevalline interest_and_commission_ - Tran Joseph I. Weller3?, Wb % ¥ e b & ¥ REAL ESTATE LOANS ANY AMOUNT 5% APARTMENT HOUSES AT LOW RATES BUSINESS PROPFRTY FRED 7. NESBIT RESIDENCE LOA %3 1010 Vermont Avenne N.W. Main H302 Gilt-Edge First Mortgage Notes Available In Amounts of $100 Up Securcd On Improved City Property Mostly Medium Priced Homes Safety and Service Our Motto —with never a loss to a client of as much as a single pengy, in either principal or interest. Send for Booklet CHAS. D. SAGER Since 1006 924 14th M. 36 men secretly think they are born The fact, that ils to rec- caves them bitter. s possible that their ina- care for their capital standing them and success. Our Mortgage Securities afe Investment Mortgage Investment Department St. " Main 2345 The New York Life Insurance Co. Offers to Make First Mortgage Loans Estate in the Dis- trict of Columbia and Nearby Suburbs County, FOR 3, 5 OR 10 YEAR PERIODS V2% ON APPROVED SECURITY Apply Maryland Apartments Office Buildings MDALL,B. HAGNER & GCOMPANY' GORRESPONDENT Telephone Main 9700 A Third of a_ Century's Experience B. F. SA Main 2100 We'll Manage Your Apartment with the experienced methods which we as specialists have proved practical during a third of a century's experi- ence. Every detail of leasing, upkeep and col- lection becomes our re- sponsibility. You're re- lieved of all manage- ment worries; you gain teadier, surer profits. UL CO. 925 15th St. N'W