Evening Star Newspaper, June 30, 1926, Page 30

FINANCIAL PRICES OF STOCKS STRONG IN $POTS U. S. Steel Sets New High Mark at 142—Merger Re- ports Are Rife. BY STUART P. WE Dispatch to The Star NEW YORK ne were some vel in the market fact that the Stock facir three d: business, the volume of business was on the se. Altogether it was proved old-fashioned motion u“n\n 30.—There spots again Despite the full of reports about rs in the automobile industry, none of th got beyond the | rumor stage. \Willys-Overland but Open. High. 75% 16 Abitibl Pow (4). az a2 Adv. Rumley Ahumada (41).. Alr Reancin(155 113% 18 Ajax Rubber.... 9% 9% Ala & Vicks(6).. 1164 116% Albany Paper... 27 21 All Am Cable(7) 142 1a2 Allled Chem (4). 1244 124% Amerada (2).... 313 31% Am AgriChpf.. 644 644 Am Bosch...... 21% 22i Am Brake Sn(6) 128 124% Am Br Bov EI(2) 41% 42% AmCan (2)..... 52% bd% Am Can pf (7)., Am Car&Fdy (8) Am Chain A (2). Am Chicle 13). Am Drug.. Am & For Pow. . Am & Fo P pf(7) Am Ho P (2.40). Arn Ice (+10) Am Internat! 99% Am Linsead. ... 3. Am Locomot (8) 105% 105% Am Loco pf (7). 117 117 Am Pianopf (7) 94 94 Am Po&Lt (g1). 60% 60% especially stro: advan time nearly Dodge 1 wi ors reral Motc a new I » t move. Du Tont, followed the cour f Genes & made usual | Am Safety R (3) | Am Ship & Com. 1A Am Radiator (4) 110 110 494 50% 934 126 | Am Suzar (5). Am Sumat A of3 25% | Am Tel & Tel(3) 140 | ATel& Te'egrts 6 othe: to . On the continued weakr Motors plied the maotor st ings so far low the toward the stitutes “have fallen. expectations | probably con- | on for the de | Am Tobac B (8). 6% 116% 116% 116% 116% Am Tobac pf (6) 109% 109% Am Wa Wo 1.20 584 Am Woolen. . a.. Am Zine. . Am Zine pf... Anaconda (3). Armour of TII(A) Armonr of IN(B) Am Tibaceo (8). | Arnold Con (n). r was bid up again Some time ago all | hotes of the comy were paid _up rears on the | the wayv hr\’ t al Biscuit, vidend. quite a revival in the stoc ded with a rush. common 1 '\f nm\l.[ E fornia Packin when the 1 started it pro United S pnother new T etruck 142, The midweek steel review Tooked forw: immer in the steel trade above the cerage in point o res were not as ac other groups, but they The jump of more thana point in Great Northern preferred attracted atten- tion as did the buying of Chicago. Great Western preferred. The W hashes held their recent gains New Haven on fairly good s turnover was ¢ \lr\ul up a half poin or so. were Strong. 15 STRONG. CLOSING 0. 5. Steel Pushes Ahead to 127 All Time Ih‘our«l. June 30 (P).— was str United St: e ahead still further to the high- | A1 time at 14 rulated the impending. t \lmost 6 points A for | capital | Tron Pipe soared o s “advanced tered real s-Overland the feature the motor group, ‘\ 3112 on : over nts | Ehions. les approx- | Pl — | DAIRY PRODUCTS. | pecial).— | , pound, June 30 . T5us: old ¥ native en, offered at cream 44 fancy ed, 30 butter Prices were y. Three per | ceniime: francs The dol centime PARIS. firm on the 1 of erdm» lrulnt. 1 fra 1 at 35 francs MILLS WILL CLOSE. PROVIDENCE, I June \l] \P) nt was ma of the Lons nies in Lonsd: Ashton, will close for 10 days. The plants manuf: cotings, sateens, shirtings. cambrics | 1 muslin. | s, TREASURY € PTLFICATES (Quotations furnished by e, lm GERMAN BONDS AND STOCKS. Quoted dollars per million marks) | Joa-18 1000 00 105006 .00 mx ATk 00 | T 13 pre-w wnifort a-M s pr i Austrian A Berliner H DIVIDENDS Perio lL e, Payable July 12 July 10 July 10 June 30 Do. old P Cor Can ist pt of No 111 FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closi App Asked. Ylel\l 1007 3 % Bid 100% 1003 > IRIRZS2E2ER FPET T P S b i £588525=32 2355555555 388833322 proeee | Atlantic Refing.. | Baldwin L (7). | Briges Mg (3).. | BKIn Un G(t11). | Brown Shoe (2). | Burns Bro (10).. as re-| | Childs | Crex Carpet. Artloom (3).. Am Metals (4).. Asso Dry G(2%) Atchison (7).... 1387 139% Atchison pf (5). sw. 98Y% Atl Birm & At % At1C Line(+o1y 22'1 22'!% | At Guit & wT 46% 4G% A1 GnIf&WIpt. 46 4 119% 120% Auto Knitter. . % 118 llS 943 95% 70% 714 26% 26% a1 41 59 59 30% 41% 4l 1007 101 287% Ralto & Ohlo(5). R alto & Oh pf(4) rnsdall A (2). Bethlehem Steel Beth Stl pf (7). Bloomingdale. .. Booth Fisheries. Botany A (4). % 141% 63% €4% 85% 85 79 31 26 137% 137% 35% Bkin Edison (8). Bkin-Mn Tr (4). Bk-Man T pf(6). Brunswick Balk. Burns Br B (2). Bur Add Ma (3). | Bush Terminal. | Bush Ter de (7). | Butte&Super(2) Butterick . By-Products if Packing(8) 139 Calif Petrol(2).. Callahan Zinc Calumet& Ar(6). Can Pacific (10). 163% 164 Case Threshing. 109% 110 Case Thr pf (7). 109 109 Cent Leather.... 9% . Cent Leather pf. 58% b6 Cerre De P (4).. 65% 6b% Certain-Teed (1) 43% 43% Chand-Cleve. 2% 12% Chand.Clopf(4). 28% 28% Ches & Oh (112). 138% 139% Chi& Alton..... bB% b4 Chi&Altonpf.. 8% 8% Chi Great West. 10% 10% ChiGr West pf.. 25% 25% CMil&StPetfs 11% 1l% ChiMII&StPpf 18% 18% C Mil&StPpfefs 184 18% CRi& Nwa (4).. Td% T4% Chi Pneu T (6).. 114% 114% Chi R1& Pac 4% (32.40) Chite Cop (23). Chrysler Corp(3) 140% 24 1% 33 L 158% lssvx Collins & Aikmn. 40% Collins&Alk pf 7. 103 Col Fuel & Iron.. 42% 42 Colo Southern... 57 60 65 65 82% 82% 114% 114% 169% 171% 21% 21% 2% 42% 61% 64% 102 102 3% 3% 9% 99 77 9% 130% 130% 10% 10% 45% 4b% 27 27k Crucible Stl (5). 73% T4% Cuba Cane Sugar 9 9% Cuba Cane Su pf. 38% 39 Cuba Co (4)..... b1% B3% Cuban-Am S (2). 24% 24% Cudahy Pkg (7). &8 88 Cushmar's (8).. 95 42% 42% 109% 109% 164% 165 143% 1483% a1 Col G & E vf (7) Com Solv B.... Congoleum-N... Congress Cgr(3) Consol Cigar... . Con Cigars pf(7) Consol Distribut Consol Gas (5).. Cont Can (16) Cont Insur (6).. Cont Mot (80c).. Corn Prod(t2%) Davison Chem. . Deere&Co pf (7) Del & Hud (9).. Del L & Wn (17) DRG Wstpf... 41 Detroit Ed (8).. 134 134 Devoe&Ra(2.40) 364 39% Dodge Bros CLA 28% 29% Dodge pf (7).... 87 Dome Mines (2). Douglas Pec (1). Dupont (119) Dupont deb Eastman (18) Eaton Axle (2). Elestric Boat. .. Elec Bower & Lt c P & L pf(7) Lot 40% (1) Refrig(f2). Bit(16) Eq\lltahle »f (1) 105 Erie R R. 35% Erfe 1st pf. e 2d pf.... Enreka Vac (4). Exchange (1%2). 15% Fairbanks (3). 52% Famous P1 (10) 117% 117% Famous Pl rts. 4% 4% Fed Min pf (7).. T4% T4k FrstNP 1st19.44. 104% 104% First Nat S(1%) 32% 82% Fisher Body (5). 98% 99% Fisk Rubber. ... 18% FiskR 15t pf (7 Klelschmn(12%) Foundation (8). x Film A (4).. reeport-Texas. Gabriel A(T4%). rdner Motor % Gen Asphalt.... "70% 724 Gen Asph pf (5). 109% 111% Gen Clgars (4) 54% bk Gen Elec (112).. 343 344% Gen Elec (h3)... 85% 86% Gen Elee sp(80¢) 11% 11% Gen Gas A(el%) 39% 39% Gen Gas pfA(8). 108% 108% Gen Moloru (116) 148 149% Gen Mot pf (7).. 1184 118% Gen Petrm (3).. 69% 69% Gen Ry Sig t4%. 88% Gimbel Bros. b52% Glidden (2) 17 Gold Dust. 58% Goodrich Ru (4) 49% Goodyear pf (7). 105“ 107% Gotham S Hnew 48% 48% Gothm S H (2%) 51 61 Gould Cou (2)... 17% 17% Granby Consol.. 20% 20% 105% 1 111 29% 29% 6 6 20 20% 9415 9% 103% 103% 75% 16 B4y 84% 106 3% 424 41% 51% 102% 104% 0% T1% 32 82% 32% 2% T NEW YORK STOCK EXCHANGE THE EVENING STAR, IPRICES ARE FIRM Low. Close. 75% 76 12 12 8 115 | Gt Nor Ora (1%) { Green Canan 1{ Mo & Ne | Gulf States S (5) | Hayes Wh(13%) Househd (1314). | Houston Ofl. .. | Howe Sound (3) | HudsonMan(23: Hudson Mo(3%) Hupp Mot (1) | Tllinots Cen (7). Indep O11 (1)... Indlan Motor (2) Indian Refining. Indian Refgotfs. Inland St (2%). Inspiration (2 Tnterurb Rap Tr. Intcontl Rub(1). In Ag Cpr pf(7) nt Bus Ma (3).. Int Cement (4).. Int Com Eng (2) Int Harvstr(6). . Inter Har pf (7). IntMtch pf(3.20) nt Mer Mar pf.. Int Nickel (2)... Int Paper..... Int Paper pf (7). Int Tel & Tel (8) nt T&Teleg rts. Intertype (t1%) Tewel Tea...... Jones Bros Tea. Jordon Mot (3).. Kan City South. Kan C So pf (4). Kayser J (3).... Kelly-Spring. .., Fennecott (4). .. Kinney G R (4). Kinney pf (8) Kresge S8(1.20). Laclede Gas (8). Lago Of1 & Tran. Tambert (3%).. Leh&TMink stf(3) Lehirh Val(31%) Life Sav (1.60).. Tiggett & M (tH4) Lima Loco (4).. Loew's Inc (2).. 115 usa ! 21 142 142 122% 122% | 30% m.. 64% 21% = 123 124% 241 T41% 528 54% 125 125 99 99 25 28 39% 39% W% T 21% 89% ° 90 25% 182 a5% 127% LouisGasA (1. Louisiana Ofl. Lou&Nash(+614) Ludlum Steel (2) McCrory pf (7). Melntyre P (1).. Mack Trucks (6) Mack T 15t (7).. Mackay pf (4).. Macy H R & Co. Magma Cop (3). Manati. Man El Sup(51 Man El gtd (€5). Manila Elec rts. Maracaibo O1l. .. Market Street. Marland Ofl (4). Martin-Pary (2 Mathieson (4 May Dept St (5 MetroG p?(1.89) Mexiean Seabd. . Miami Cop (1).. Midland pf(711). Atfd-Continent . Mid.Cont pf (7). Mis Kan & Tex. . Missour! Pacific. Missour! Pac of . | Montana Pow (5) Montgom Ward. Moon Mot (3) Mothr Lode(75¢) Motor Whi (2).. Munsingwr (3).. Murray Body. Nash Motors. Nat Biscuit t4% Nat Cash Reg(3) | Nut Distillers. .. Nat Tiead (8) Nat Lead pf (7). NY Central (7).. NY NH & Hart.. NY On & West. . | NY Rys ctfs sta. Norf & W pf (4) Norfk & Wn (18) Norwalk T pf(7) Omnibus. . Onyx Hosfery Oppenhetm (3). ! Orpheum Cir(2) Otis Elevator (8} Otis Steel. s Otis Steel pt Owens Bot (t4). Packard Mot (2) Paige Mot(1.80). Pan-Am (6). Pan-Am B (6)... Pan.AmWnB(2). Panhandle. ..... Pathe Ex (c3)... Pennsy R R (3). Penn-Seab Steel. Peoples Gas (8). Pere Marq (18). Pere Marq pf (5) Phila Co (4).... Phila & RC&T. Phillp Morris. ... Phillips Pet (3). Plerce-Arrow. .. Pierce-Ar pf (8) Pierce Oil....... Plerce Petrolm. . Pitts Coal Pitts & W Va(8) Postum (5) Pressed Steel (n) Pub Ser N J (6). Pub Serv pf (6). Pullman Co (8).. Punta Aleg Sug. Pure Ofl (1).... Radio Corp of A. Radlo C pf (3%) Ray Cons Cop (1 Re=ding (4).. Reading rts. Reading 2d (2).. Reld Ice Cm (3). Remington Type 106 | Replogle Steel. 3714 | Rep Iron & Steel Reynolds Spngs. Rey Tobac B(5). Robt Rels 1st pf. Rutland pf . Safety Cable (4) St Jaseph L(13). StL & SanFr (7). Savage Arms (4) Schulte (18).... Seaboard Afr L. Seabd Air L pt. . Seagrave(el.20). Sears-Rn (234). Shattuck F G(2) Shell Un (1.40).. Shubert Theatre Stmmons (12.26). Sinclair Ofl. ... Skelly Ol 2)... ) | South Port S (6) 54% | Sou Cal Edison. . 848 | Sou Dairfes A(4) 86% | Sou Dadrfes B. 108% | South Ry pt (6). 148 | Spicer Mfg...... 1184 | Std Gas&El (g4) 69% | Std G & El pf(4) 87% | Std Mill (6)..... 52% | Std Ofl Cal (3).. 17 |StdoNJ (). 48 | Std Ofl NJ pf(7). 49% | Sterling Pro (5). 107% | Stewart War (6) 484 | Studebaker (5). 50% | Sun Of1 (11) 17% | Superior Ofl 20% | Sweets of Ame: Received by Private Wire Direct to The Star Office | Grt North pe 5y %55 18 181 88% 109% 25 117% 102 28 84% 84% 166% 155% 116% 116% 11% 10% 104 102 65% 66% 101% 100 % % 8% 3% 33% 33% 111% 111% 95% 94% 9% 39% 86 86 98 98 108% 1084 115% 119% 181% 179% 864 84w 2% 27% 141% 137% 114% 118% 81% B81% 58 b2k 33% C3% 104% 104% 117% 117% 92 1% 118% 81% SZK 9% 2% 56 54% 14% 60 44% 116% 83% 'Il% 62% 45 1% 116% 116% 83 834 Taw 8% INBOND MARKET Interest Diverted to Stocks. German Issues Favorites in Today’s Trading. BY GEORGE T. HUGHES. Spocial Dispatch to The Star. NEW YORK, June 30.—The bond market suffered again today from the diversion of interest to stocks, but prices held firm and the dullness was not indicative of weakness. There was still a sagging tendency in high-grade rallroad mortgages, but even here there was good demand for sizable blocks in the outside market, so that the decline from the high of the year was not so signifi- cant as it might otherwise have seemed. At today's prices Atchison General 4s at 911 were down a point and a half and New York Central 5s at 104 dowr 1% points from the 1926 top. More or less similar reactions were in evidence throughout this part of the list, but inquiries at the new level were evidently increasing. More Irregularity Seen. More irregularity showed f{tself in the {second-grade and speculative rails than on Tuesday. There was a fur- ther decline in Ulster and Delaware 53. At 6% they were off over 8 points in 10 da and for a bond maturing in June, 1928, selling at a_very low price. Erie issues were firm, with some institutional buying in the prior lien 4s. New Haven issues were also well supported, especially the con- vertible 6s of 1948. On the other hand, Western Maryland 4s did not hold the gain of yesterday, when they duplicated_their best previous price. | Price changes in the industrial group were mixed. Ofl obligations | barely held their own and the same was true of the local tractions. Un- usual activity featured trading in| Dodge Brothers 6s at the high of the | movement. Steel bonds held around | the previous close. German cbligations still were the | favorites in the forelgn group, with the Rhinelbe 7s making another new high and with further strength in German General Electric fssues. Framerican 7s opened down 3 points and then recovered the entire loss on successive sales. Greek 7s were up a point, but otherwise prices were little changed. New Offerings Today. The $4,000,000 American La France Fire Engine 5year 5% per cent notes offered at 99% to vield 5.35 per cent by Hemphill, Noyes & Co., were | oversubscribed and the books closed | early in the day. The $7.500,000 Prov- ince of Quebec 4145, due 1956, awarded | Tuesday to the First National Bank syndicate, were publicly offered on a | 4.60 per cent basis. Other new offerings included $1,500,- 000 Kentucky Rock Asphalt first 61y with stock purchase warrants at par by Rogers, Caldwell & Co. and $2 000 Columbus Electric & Power Co. three-year 5 per cent notes at 99% by Estabrook & Co. and Stone & Webster. New Issues Offered. During the afternoon the National City Co. announced the offering of a new issue of $15000,000 general and refunding 614 per cent bonds of the Saxon Public Works of Germany, guaranteed by the Free State of Sax- ony. The bonds are due 1951 and are priced at 911 to yield 7.24 per cent. ALLIS-CHALMERS TRADE. NEW YORK, June 30 (#).—Busi- ness of the Allis-Chalmers Manu- | facturing Co. is on the upgrade with | indications of touching the highest point in several vears. Unfilled or- ders June 1 were $11,916,000, a gain of more than $500,000 in a month. This is the best showing of the order books since January, 1924. The | total on July 1 is expected to exceed $12,000,000. Symington...... Symington A(3). Tenn Copper (1) Texas Co (3).... Tex Gulf 8 (10). Tex & Pacific. .. Tex & Pac C& 0 *Tex Pac Ld Tr. Third Avenue .. Tide Water(1%) Tide W Ol1 pf(5) Timken (14). Tobac Prod ( Tob Prod A (7). ‘Transcont Ofl... Transue & W(2) Un Bag & Paper. Un Carbide (5) Un Ol (2)... Un Pacific (10). Un Pacific pf(4). Un Tank Car(5). Un Tk Car pf(7). Utd Alloy (2)... Utd Cigar S(c2). Un Cig St pf (7). Utd Drug (8) 815 16% 11% 5 S Distributing 1nd Alcohol. Realty (4)4. Rubber. . Rub 1st (l) . US Steel pf (7). Universal Pipe Utl PALt A(E? ‘Vanadium (3). Vick Chemical Vicksbg S&P(5). Va-Caro Ch(n).. Va-CarCh 6% nf Vivaudou > Vlvt pf ne thuh DfAB). Walworth (1)... Ward C1A (8).. Ward Baking B. ner Bros. ... ren Bros (4) WrennEl A (1) ‘West P Po pf(7) West Maryland. West Md 2d.pf. . ‘West Pac pf (6). West Union (8). ‘West A Br(16%) 125% Westinghse (4). Wheel & L Erie. Wheel & L E pf. White mh @) ‘Wh t ( d ‘Willys Od pf(7). T ‘WoolwthF'W (15) 167% ‘Worthn Pump... 81% Wright Aero (1) 38% ‘Yel T&C(76c)... 25 Yel Tr&C pf(7). 100% !o\lnnlown “) 8% 18 % 1!u siven In the sbov lha mnu cash D payme (6 Dased o thg arterly or hall:ye: Aty declarations. b Simerwizo Joted. Cxira or Speciet e s are not included. artly sf {Earily extra. stock puwh 1% quarte gommon _stock. aPud ok c'glgn robulde ra e ] m‘fl:mg £ UNITED STATES. (Sales are in $1.000.) Sales. High. Lib3%s.... 49 Lib 18t 4%s 70 Lib2d 4%s. 157 Tdb 3d 4%s. 203 Lib 4th 4%s 193 UB3Y%s. 51 UE4s 15 US4%sb2. 101 15 101 101 25 101 1046 104 108 71087 FOREIGN. Argentine bs. 1 Argentine 63 958 Argentine 6s Oct 58 17 Argentine 65 A. Argentine 6s B. Argentine 7s Australian 5s. Austria 7s. . Bank of Chile 8%, Bank of Japan 6s.. 11 Belgium 6s. 88% 99 98% $9% 98% Belgium 8s. Bolivia 8s. 954% 107% 105 Brazil 7%s. Brazil 8s Canada bs 1952.... 37 105% Canada 5%s 1929.. §1 102% 6 100% 108 104% 102% 100% 107% Chinese Gov Ry bs. Con Pow Japan 7s. Copenhagen 5%s. . Cuba 5%s. ... Czecho 7%s rets Czecho 8s 1951 Czecho 83 1952 Danish Munic 85 A. 20 Danish Munic 8s B. 5 Denmark 6s. [ Dutch East 165 47. 16 Dutch East I 65 62. 24 El Salvador 85 48. . Finland s f 6s 45 Finland 7s. . French 7s French 7%s. French 8s. German E1 P 6 German 7s. . 13 6 Ger Gen Elec 7s... Greek 7s. Hait{ 6s. | Hungary Ttaly 7s... Japanese 4s. Japanese 6%s Lyon 8s. Marseille 6s. Mexico 45 10 asntd. 11 Mexico 5s assented 42 Montevidio 7s. Netherlands 6s 54. Netherlands 6s 72. Nord 6%s. Norway 5% Norway 6s 1943. Norway 65 1944. . Orient Dev deb 6s. . Paris.Ly-Med 6s. Paris-Ly Med 7s Paris Orleans 7s Peru 7} Poland $s. Prague 7%s. | Rhinelbe Un 7 Rio de Jan ¥5 1946. Rlo de Jan 8s 47 Rio Gr Do Sul Sao Paulo City 8s. Sao Paulo 85 1936. Sao Paulo 1950. Saxon (PW) 78 Setne 7s 42 Serbs Crot Sofssons 6s. . . Sweden 5%sct.... Sweden 6s........ Swiss 5%s 1946. Swiss Confed 8s. .. Toho Elec Power 73 u Toklo 5. Utd Kingm 535 29. 2 Utd Kingm 5%s37. 94 Uruguay 8s. & 109% MISCELLANEOUS. Am Agri Chem 7%a 13 104 103% Am Chains. i Am Cotton Ol bs.. Am Smit & R 1st 58 Am Sugar ref 6s AmT&Ts{6s. Am T & T deb 5% Am Water Wk 5s. Am Writing Pap 68 Anaconda 1st 6s... Anaconda cv db 7s. Andes Cop Ts rets. . Armour&Co 4%srf Armour Del 5}4s... Assoclated O11 6s. . | Atlantic Kefin 5s. | Barnsdall 6s ctrs. . Bell Tel Pa 68 B. .. Bell Tel Pa 58 C Beth Steel pm bs. Beth Steel rf 58. Beth Steel 5%8 Beth Steel 6s. Bklyn Ed gen 58 Bkiyn Unlon 5% Bush T Bldg 53 60. | Calif Pete 6%s. . Cen Leath 65 45 cts 11 Chile Copper 6s 82. Col ‘as&El16s.... Col Gas & El bs sta. Commonwlth P 6s. Con Coal Md 1st b Con Gas N Y 6% Consumers Pow Cuba Cane cv 8s. Dery (D G) 78 Det Edison 5s 40. . Det Edison ref 6s. Dodge W 168. 7.0 Duquesne Light 6s. EmplreG & F 7% Bawweon a BB 16 Hershey 5%8. . Humble O & F 5 %8 INnols Bell 1st 58, Int Mer Marine 6s Int Paper 65 47. Int T &T6%S Kan CP&L bs A 52. Kan G & El 68 52. Caclede G 5%8 Liggett & Myers 7 Lorillard (P) bs. . Louisv G & E 5562 M1d-Con 6%s 40. .. Midvale Steel 58 Montana Pow 58 New Eng Tel 6s. .. N Y Eaison 6s 44. N Y Edison 6%s. NYGELHE&P s NY Tel %8 N Y Tel 6s 41. N Y Tel 68 49. North Am Ed 6s. North Arh Ed 6% Nor Ohio T & L 68 Nor States Pow 58 Otis Steel T%s Otis Steel 88 Peoples Gas 5s. PhilaCorf@sA.. Phila & R4 C & 158 Plerce Oil deb 8s... Public Service 6s.. Pub Serv Elec 6s. P Serv Gas 5%5 64. Remingtn Arms 6s. Rep Iron & Steel 53 Saks & Co st 7 Sharon St1 H 85 Sinclatr Ofl 7s. Sin Crude Ol Sin Pipe Line bs. Low. C 101 15 101 12 101 14 102 16 102 11 102 152 100 28 100 26 100 27 12 101 13 102 30 102 28 102 30 23 101 25 104 3 1087 WASHINGTON, D. C., WEDNESDAY, JUN I ON NEW YORK BONDS'STOCK EXCHANGEI l Received by Private Wire Direct to The Star Offica. lose. Sales. High. Low. Close. 2 894 89% 99 99% 99% 99 101% 98 102 964 99% 814 90% 94% 108% 107% 101% 5% 954 107% 106% | M St P & SSM cn s 10 1004 917 934 103 100% 98% 102% 1034 974 101 9414 100 % 103% 144% 99 103% 102 106% 1004% 100% 105% 82 105% 1014 9% 8214 102% 107% 964 105% 103% 105% 110% 101 102% 102% gl E 30, 1926. . Sales. High. Low. Close, U S Steel 5 f 55. 4 Utah Pow & Lt Vertlentes Sug 7a.. Warner Sug 75 39. Warner Sug 7s 41 West Elec 53. .. Westn Union 6%s. Westinghouse 7s. Willys Ov 6145 33. Wilson & Co 1at 6s. Winchester A 7%s. Youngstn 8 & T 6s. 4 105% 102% 97% 1084 % 108% Atchison gen 4s. .. Atlantic C L cl 4s Atlantic C L 1st 4. Atlantic C L 7s. Atl & Dan 1st 45 48, 2 B & O gold 4s. £ B&O 1stbsct. B&O 6s. B&Orf Imp 6s. i & O SwDiv 55 B & O Toledo 4s. Bklyn Manhat 6 Buff R & Pitt 4%, Can Nat 4%s54. .. Canada South 8§« Canad North %3 Canad North 7s Canad Pac deb 43 Car Clinch & O 65 Centof Ga 5%s Central Pacific 4s, Cent Pac 1st §s 90.. Ches & O cv 4%s. Ches & O gn 4% Chi B& Qgn 4s ChiB& Q 1st rf 5s. CM&StPevins, CM&SPeve 1, s320fs CM&StPgn4ts. CM&St Predig CM&StP r 4143 cf14 CM&StPevbs... CM&SP cv 5 cfs 14 Chi & N W ref 6s. . Chi & NW 7s. Chi Rys 5s. Chi RT& P gnis. Ch{RT&Prf4s. ChiITH&SE Chi Union Sta 6s. .. Chi & W Ind cn 4s. C&WI5%s62.... COC& StL 4% Del & Hud Ist rf 4s Del & Hud cv 53 35. Del & Hud 5%s.... Den & Rio G cn 4; D Rio G West bs. Des M&FtD 4 Det United 43%s. Erie 1st cons 4s Erie gen 4s. . i i w'w.i 99% | 994 te & Jersey 6s. EC5s74.. la E C 74 new. Gr Trunk sf db 6s.. Grand Trunk 7s Great North 5. Great North 5%s ir North gen7s... Green B & W db B. Havana ERL&P 50. Hocking Val 41s Hud & Man aj 5s.. Hud & Man ref 5s. 111-C-C StL&NO 5 11l Cen 45 53.. 111 Central 5% s Int Rap Tran 6s. 4 Int Rap Tr 5s stpd. 116 Int Rap Tran 6s. Int Rap Tran 7s, Int & G Nor 1st 6s. Kan City Ft S 4s. Kansas Clty S 3s. .. Kan City Sbs.. Kan City Term 4s Lake Shore 4s 28. Lake Shore 45 31. . Lehigh Valen 4s. .. Lehigh Val 55 2003. Louis & N uni 4s. .. Louis & N 5s B. Man Ry 1st 90. Market St 7s 40 M St P & SSM cn 48 5 1154 | 101% | | % lOT'al 113% | MStP&SSM5s3sgtd 5 MStP&SSM 6%s MK & T adj 5 MK& Toprin MK&TS6sC.. Mo Pacific gen 4s, Mo Pac 68 1965 Mo Pac 6s 49 D Mo Pac 655 E.... | Mont Trm ref 68 41 Nassau E Ry 4s 67. New Or Term 4s. .. NOTex&M6sB.. N O Tex & M In 6s. N Y Cent 45 98. N Y Cent deb 4s. NYCentribs. NYC & StL db 45 NYChI&SIL 5%sA. New Havd 4s57... New Havenc d 6s NYOnt W 1st4s. N Y Rys 6s 65 N Y State Ry N Y W & Bos 4%s.. Nor & S gen 55 54.. Norfolk & W cv 63. Northern Pac 3s. Northern Pac 4s. .. Nor Pac 4165 2047. Northern Pac 6s D. Northern Pacr 1 68 Ore & Calif 1st 5s. . Ore Short L rfs 4 Ore Short Licn 5s. . Ore Wash 1st rf 4s. Pennsyl con 41%s Pennsyl gen 4%s Pennsyl gen 5s. Pennsyl 58 64 Pennsyl 6%s. Pennsyl gold 7. PCC&StL6sA.. PCC&St L 6s B 75. PorRL & P 65 47.. Por RL&P 715 46. Reading gen $%s. Rio G West cl 4 RIArk& L4% St L IM&S 45 29. St L IM&S R&G 4s. StL&SFplisA StL &S F pr n 5i StL&SF 5%sD. StL&SFadjés StL&SFinc6 StL&SF pl6sC. StL S W con 4s 32. St P & KCShL 0%. 28 101% 5 1124 . 33 107y 3 104 3 1034 1101% 1064 108 108 9% 97% 97w | 83% 83y 7% 92% 83% 994 101% 96% 93% 204 1014 sau 804 % | | Sou Pac s 29. 18 <l Sou vacino ret .. 21 Southern Ry gen 4s 19 Sou Ry con 58 94... L4 Sou Ry 68 5 Southern Ry 6 ; Term AssoS L | Thira Ave ret & Third Ave adj 5s... | Tol Tr L&P 53%530 o Union Pac 18t 4s... . § Union Pac s 27 | months of 1024 | 3 934 | Am. C 4% | R FINANCIAL. Partner Y. E. BOOKER, Who, with G. H. Myers, has organized an investment banking company, which will open for business in Wash- ington soon. WHEAT PRICES WILT IN TODAY’S DEALINGS Defeat of Farm Legislation Is the Principal Factor in Grain’s Decline. By the Associated Press. CHICAGO, June 30.—Defeat farm legislation at Washington was followed by lower prices for all grain in the early dealings today. Corn and aats touched bgttom levels for this on. Favorable weather for the in the Southwest tended also to weaken values. After an irregular start, ranging from 13 cents decline underwent erial setback all around. Cor: showed more depression than othe grain, opening % to 11 cents off, an later ing a little more. Provi- sions were firm. ness of Liverpool quotations, ent harvest conditions and Senate action on farm measures, counted a good deal as a handicap to friends of higher prices for wheat On the other hand, continued hiz temperatures in the Spring wheat be helped to make September and December wheat deliveries relatively firm, as compared with July. Considerable notice was A.m«n of the part of farmers in Ka back wheat for higher pric night purchases: hers of all grain were reported as light. Advices from various quarters indicated that flour sales are good, but that new export business in wheat is only moderate. July Septenibe December CORN— July September December . OATS— Tuly Sentember Decembe: RY 1 7 September December A. C. L. GAINS 5 MILLIONS DURING THIS PAST YEAR| WILMINGTON, N —A gain of nearly C., June 30 (#) ,000,000 in rail- way operating revenues for the five| .o 6 over the corresponding | period of 1925 was reported at the general offices of the Atlantic Coast Line Railroad Co. here today. This year’s January to May, inclu sive, figure was $46,037,545, as com pared with $41,0: 12 for the first five months of 1925. The operating revenue for May of this year wi 'si.om,oz'l and for May, 1925, $7.35 The comparative figures for net raflroad operating income were: First five months of 1925, $10,722,801; 1926, $10,894,794. MARMON MOTOR CAR. NEW YORK, June 30 (#).—Marmon Motor Car Oo. has paid off its out- standing bank debt, which amounted to about $1,888,000 at the beginning of the fiscal vear, which ends today. Tinal figures of the year's operations are not vet available, but it is esti- mated net profit will approximate $1,800,000, compared with $1,442,898 the year before. FOREIGN EXCHANGE. /Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks o1d value: d' London. Montreal. Paris, franc Brustels. {ranc. Madrid, peseta. YVienna, crown. Budapest. crowi Pra:ua crown aru'l zloty. P‘nhm"‘ crowl Grlo. erown Shotknolm. cro NEW YORK, June 30 (#).—For- eign exchanges easy. Quotations (in cents): Great Britain, demand, 4.86%; cables, 4.86%; 60-day bills on banks, 4.82%. France, demand, cables, 2.79. l!nly ‘demand Norway, 21. 26.49; Swhrerlnnd 19.37; Greece, 1.23; Poland, 9.00; Czechoslovakla, 2.96% Jugoslavia, 1.77%; Austria, 14.00;! Rumania, .4 Argentina, 40.31%; Brazil, 15 Tokio, 4.700: Shanghai, 72.50; Mon- treal, 100.15%. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Noon.. Agirond, P. & L. ' of 193 cflm‘.’.ml"a"u' 1o 5a' g3 SR PR - R . Union Pac 1strf 48 14 88 Union Pac cv 6s. - 102% 1024 102% 102% 991 99% 101% 101% mm 103% 74 % ‘Western Paeifio 8. u l'fi 99% :flfi 99% | T ES0008555552 5! E33R333235335355! EEANRG Stock of the Amerada Corporation was increased to an annual dividend basis of $2 a share with a quarter disbursement of 50 cents a share pay- able July 30 to holders of record July 16. The previous quarterly rate was 40 cents & 1 i { ness to work, | tal Y.E.BOSKER FORMS BANKING HOUSE Former Crane - Parris Em- ploxes to Open July 15. District Bank Clearings. BY EDWARD C. STONE. nership banking the name of Y announced today following the wit drawal of George Hewitt Myers Yelverton I. Hooker as general | ners in the firm of Cr Co. The partners tion, which will o) Book: time rosidents of ciated with them d cashier will be formerly minag ment of Crane The new or tial financial bia stood, will participate important investment out by the larger Through membel ~m,. in ton Stock Booker, the securities trar Harry W. Finney r of the bond depars )u Started as Bond Salesman Announcement of the or of the new firm marks tant chapter in the Booker., s ow few financial reporter, won Pk in the confidence ers of th integrity the 10 3 perfence, together were which he built investment house, he has become one of the most popular of the younger investment bankers rting as bond salesman, specializing in tra i , he became a in the firm in four ter leaving the financial writ ing field. Mr. Booker came to Was] 1908 from Amelia County, Va., where he was born October 1889. He was a general reporter on the Wash- es, and later became editor of that newspaper leaving there to become financial ed- or o ngton P he re eptember 1, 1 In addition t membership the Washnigton Stock Exchange, he is a member of the National Press Club and the Washington Golf and Country Club. Myers Has Many Affiliations. Mr. Myers, senior member of tha new firm, is known here and in New York one of Washington's out standing financiers. He has Uved hera since 1882 and has been a partne: in the firm of Crane, Parris & Co for the last 10 vears. He is a director of the Union Trust Co. 1s a ai rector and large stockholder in the Bristol-Myers Co. of New York. He is associated also with the firm of Bene dict & Rue, forest engineers, of Wash- ton, and is a director of the Brur wick Peninsular Co.. of Bruns JAs treasurer of the District lumbia Council of Boy America and as chairman of the gov erning board of the Montessori School Mr. Myers has taken an active inter- est in local civic affairs. He is a member of the Chevy Chase Club, the Metropolitan Club, the Cosmos ington in | Club and the Riding and Hunt Club. Mr. Finney, for the last two vears has been manager of the bond depar ment of Crane, Parris & Co., prior to which time he was a bond salesman with the National City Co. For 12 vears he was with the American Se- curity and Trust Co. He is a gradu of Georgetown University School, and during the late w served in the Ordnance Departme completing his service with the rank {of captain. Eugene E. Thompson, senfor partner of the firm of Crane, Parris & Co., and one of Washington's best known financiers, joined with other bankers and business men today in wishing success to the new firm. He expects to make an announcement shortly re- garding filling of the vacancies caused by the retirement of the two partners Bank Clearings Show Good Gains. § According to the monthly report of the Washington Clearing House Asso- ciation, business in the National Capi- is booming to a greater extent than it did in May, the June figures completed today showing an increase of $9,392,632.08 during the month in the number of f‘h?« ks cleared. This generally accepted index of business conditions also reveals that trade has been considerably batter in June this year than it was a year ago during the same month, the exact in- crease in bank clearings being $3.594 213. The month's total clearings, which made such a marked increase over May, were $128,361,071.78. 2 in June a year ago were $124,665,755. while the clearings during May of this year reached the sum of $118,968, $49.70. Thus in spite of the cool weather prevailing during most of June, business in W ington has ex- panded and is highly satisfactory. As a matter of fact, it has been good for the six months, as clearings for the half year total $695,686,449.70. Exchange Trading Very Quiet. ‘Washington Railway and Electri preferred, led trading on the Wasl ington Stock ‘Exchange today, 20 shares selling at 833, and 20 more changing hands at 58 ‘Washington Gas Light opened at 69% and clos at 69%. A small lot of Potomac Elec. tric Power, preferred, interum cer- tificates, brought 10514. The only bond transaction was In Washington, Balti- more and Annapolis 5s, at 66%. The local exchange is facing a three- day holiday at the week end. It is closed every Saturday and will be * closed Monday on account of the cele- bration. As the New York Stock Ex- change has voted to close oh Satur- day most of the broker offices here will be closed. The Washington banks, however, will be open as usual on that date. Bank Declares Dividend. At the monthly meeting held today the directors of the National Bank of Washington declared the usual semi. annual dividend of 6 per cent upon the capital stock of the bank, pay- able July 2, to stockholders of record on_June 30, War bonds of the Imperial Russian government may be charged off as bad debts by American tax payers, in taxable income, it by the board of tax ruling a decision by the Internal computing their was held today appeals, in ove Commissioner Blair of Revenue Bureau. JULY DIVIDENDS HUGE. NEW YORK, June 30 (A.—In- vestors will receive a record total of $451,909,000 in dividend and interest payments in July, an increase of more than $53,000,000 over the same month last year. & compilation by the Journal of Commerce shows. Owing to increased or initial dividends stock- holders of railroads, public utilities and industrial corporations will re- celve about §$121,415,000, against §115,4 us 000 a year ago. Agsregate inter- payments will be $370,300,000, lnlnl rt §828.400,000. i -