Evening Star Newspaper, July 7, 1926, Page 28

28 % * FINANCIAL, NANSTIN e e s o m g e IBOMAME il e e ) N C114 1 s - ) ind o i 4 Big Changes Upward, But e e ; $ Allied Chem (4). 189 181% 128/ 181% Many Go Down—Packard | Alieacm ot (10;-121% 130 180 101 ) Alie ?é:lht(()'i)' 1000 109 100 100% s Motor Is Strong. Amorada (2).... 30% 30% S0W 80% L ATATITTET e Ahe a” Am Bank N. 1.6 H1 ‘With New-Haven 6s Lead- ing. the List. . L Fei ] i ! i 97 Buft R & Pitt4%s. 12 914 90% tar. 1 127% 117% ¥ 4% 84 July u—mm ] da.. 39 8 not _reach . , 5 48.. 5 01k S1% Wlmmg'olmdw ustralien be. ;. 7.. 90 90K - 98 #0% dnn_-h'r:h n: wor: larly the New Haven 8s, which E e 7. =i§§=§az BY STUART P. WEST. Special Dispatch to The Star. *20% 208 NEW- YORK, July 7—Wall Strest | Am race Sh(8) 128X 128% 123 resumed businesa today with about | dm Br BovEI(D) 4l 41M -G8 Sp, the same amount of activity as yester: | Am arrgbr (1 954 964 254 "8 day and with a confused price move- Q)..o.. 85% Jon B4 | oW H m l7"ll‘he point changes were up- 9% 9% ;:: ' Hua t there were 80 many exgep- tiona'that it was not falr to deschibe Sk el v i e market as a ng one. G Ilinols rtible and which, according- Realizing sales made themselves felt % 26% 8% 264 Tndenon s mmflw‘wu - at intervals, especially in the two 182 184% 3328 184 | 1qiin Rentng. 19 & Suaciiedey sooy Jeaders of the list, General Motors 86% 86% 864 86h| iniana St (234).. 43% 2% 42 43W iy , P and United States Steel. On the other 38 Inland St1pf (7) 1113 111% 111% 111% . Bolivia <enes 14 101K 104 hand, while United States Steel was 13 nupiration (29 £hd 8% 9K 2% T8 8 84w 4% hesitating Bethlehem Steel - becamo | 4 ... 34 8 4. | nterurh Rap T, 4% a% e |al ; ? y CNii8B 95 BAN O4% very strong. This stock was one of | A Locomot (8) 104 1044 104 104} intconti Rub(1), 16 16 16 16 | ‘Two ok ; Fe4 59 10476 104% 104% the features of the day. The possi-| AT Loeo pf (T). 1164 1164 116% T16% 1 SIEeRt At {5 i bilities were that @ long outstanding | Am Metals (4).. &8 64w 53 - Bi% 5 . short interest was being dislodged. .\ | Am Metals pf (7! 117% 117% 117 117 certain element in Wall Street has|Am Po&Lt (g1). 1% 61% 61K 6I% been pessimistic on Bethlehem Stecl[Am Radfator (4) 110 111 109% 100 ever since the big Increase in capital| A™ Safety R (3) 49% 49% 494 49} which accompanied the mergers with| A Ship & Com. 9% 0% 9 i, the Lackawanna and Midvale com-|Am Sm& Ref (7) 138 134K 183% 188%/ p - ‘Marine . Strike Effect Absent. panies. AmS&Rpr) 118 18 118 M8 yniaer Marve s of g 35%| ‘The effect of the strike on the In- Packard Motor, very strong for sev- | AT Suft (12). . 1274 127 - 1274 | [n¢ Niokel (2) terborough lines was no longer ob- eral days, had another ‘spurt in re-| Am SElFdys (3. 42w 42% 48 43 |y p Rl 8 331 | servabiein. the bonds, Interboroush sponse to the announcement of the di-| Am StI Fy pf(7). 114 + 114 114 114 ) ini puperpe (fy. 94 X Rapid Transit refunding 5s had closed Raong ‘nercase. “The financial com- | Am Suearpf (1) 101 101 101 101 [UEIBSCRECD. 84 - 84 83 | e ey sol clossd munity had known for some time that | Am Sumat A efs . 274 27 27 |10t Shos (8).s.s 160 P as 78% g ety .ub'uq“.na,“ ardened. 20 1044 1044 104% this was coming, but apparently it| Am Tel& Tel(5) 140% 141% 140% 11 | 1nymers Tal (8) §22% 1Bt oot not have heon sald that thers 3% 4104 104 104 had mot dome sufficient discounting. | A Tel& Telegrts 6% 6% 6% 6% itoalonl T8l S0 1224 128 ot ety ooy . 7 106 Packard Motor shot ahead a point and | Am Thbacco (8). 1204 1208 120 120% e Xe8,, o g 1 g by on. account | peon Mast 16s 83, 17 106 & half soon after the start of busi- | Am TobacB (8). 119% 120 119 119 s i tnoll Bonds ite | E1 Salvador 8245.. 5 107 ness. “The company had been paying | Am Tobac pf (8) 110% 110% 110% 110% 3 5 m’;":": m: e Mm"&': i $2 & year on its old capitalization, The | Am Wa Woe1.30 .69 ~ 59% 58% 59 80 o4 | active: koep me ¥ the: soerw: - increase is the equivalent of $2.40. Am W W st (7) 107% 1074 1074 107% Pan mw:" gt | | Pramerican ¢ e 4% 104% 104% In the oil group General Asphalt|Am Woolen..... 24 24 28% 23% Ethe. 8, - Sin French Ti ", 1984 98% 98% stood out more prominently than any | Am Wookpf (1). 72% 78 2124 T2% $ar don % mg 6%s and 78 were allf . oy, 5% 96% ~ 95% 5 9| $5% 954 964 of the others, Marland was strong|Am WritPapf.. 1% 1% 1% 1% 86% 3 109% 108% 109% and so was General Petroleum. A |Am Zine. T T T W KR K turgon h ; ; 9 % 92w 92% iazgo ock of Philips Petroleum, waa O Eolly opring. | s Bave: 10 ki ¢ 350 il 11 en a , as agalnst yesterday's ' close of 48%; after this the stock went | Arch 3815 38w 38 3u| Kemnecott (4).. gt g o " o i Gamin.. 89 5% 80 Sok|CHICAGO LIVE STOCK MARKET bigher. The Street was optimistic on ! | Rinney G R (4, . 8% 88% 8% o G West 5a...264 €9% @9%| CHICAGO, July 7 (United States De- the oil stocks, but It was ng: to T 93% 94 9%% 94 Kresge S8(1.30). jere being Halt! 68 4 Erle 1st cons 4s, 32 9% 179% |partment of Agriculture).—Hogs—Re- admit that their progress upward | Armou b 4 g ble 121 | cetpts, 17,000 head; slow; early sales would be slow because of the very| ArmonrofIIKB) Th % 8 |Laclede Gas(8). zatl valua! 36 100 100 100 '75% | of 190-pound averages and up around large supply likely to be offered | Armour 11 pf(7) 854 854 Lago Of1 & Tran. gn 2% 2% A% e 2 Erle 38 76 ' 78K | steady with yesterday; light lights and around the present price level. Artloom (3).... 5Th B5T% Lambert (3%). . 5 80% 90 261 84% 83% Bu |DiEs, 15 to 25 lower; late very p AmoDry GAR) 41k 41% Lee Tire & Rub. . g P 1 Y 190" 110 110 | uneven: big packers bidding around 25 Asso Of] (12.40). 53 Leh&ink stf(3) 7 és; 170 Wi Markets at a Glance ::film "n. 108 ' 130% . Life Sav (1.60).. i E{ e & e ale g 3 |= 9% :a 9% zw.‘r’:nmlx:!ll:-dlud'bu{:hnrll 0| ingtor returned to mc‘{..".‘..u"m m‘ m’;: T h (s % | up. tractionally. e 68 | Gr 1 107% 107% 107% -Td 200 to "';owv"g kind, x 5| fonded & meeting of ‘the: executiv 425 43% Lima Loco - 3 101% 101% 101% | 814.75; desirable 220 to 250 poundaver- | ., 4% 4 @real Associatior 14 252 B2 G { ¥ . £ 2F 228 - 23833 2398 gegE ‘EE.‘:" iy EgEey foe '§ 13 zgig?z Feeads I i i jiie <REg L 13 =E° .a§§§i o8 59 Al 5é?g:SE g & At Gulf & WT 60; and choice NEW YORK (#).—Stocks higher. Treasury, loan evidio 102% Jorth 106% 106! 14.26214.60; few good cl Southern Railway, Pere Marquette | A% GUI&WE Lrgrhon, 38 v, - B 25 1307 1084 10841260 to 325 pound butchers, 13.65a14.15; and Nickel Plate issues at new highs, e B ] o ; "Yoll back, Quring the greater s % sows, ; bulk of better Bonds irregular; local traction issues g3 o 3 part of % 79% Kkind, 12.00a13.50; heavy and rough, lower. Foreign exchanges heavy; h }2“ }4: Lo on . 3 3 N 31 3% 98 - 98 , 12.76 and below; sisughter pigs, 14.75 115% 116% i i oo bl Cay U ot RS o e e L 5 tight, 1428 association is co-' 240 943 | LousNash(16%) : : I i 1ean e 108%" 108% 103% .36a14.80; packing | sperative and the firat of the kind ever trade selling. £ 71 71 | McCrory B P5.60 ; 92 - 924 | Int Rap. 8% 0% -50a12. ““'“""- value and importance CHICAGO,—Wheat firm; hot, dry | Barnsdall A (3). 26% 26% 26% 26%| MolntyreP(1).. 36 25 6 4. - { such an weather Northwest. Corn . higher,{ Barnsdall B'(2). .24 24% | Mack Trucks (8) complaints lateness of crop. Cattle| Beech-Nut (13). 88 59 | Magma Cop (3). steady.- Hogs dull and lower. Belding Bros(3). % - 30% x: )un:llfin(su)* Z Man-Elev - 43% -45% 48% N R Lot W T | Sy o . ‘WALL STREET BRIEFS b i ofL... 28 n 13 18 e g i 3 63 .63 68 2% 24 NEW YORK, July 7 UP.—Heavy 5 y . Qu x melting steel sérap has been advanc: bt gl % 81% 83 8 Floriag Power an: Lowa&Nian. cents.a ton in the Chicago Brown 2 § ‘. ? et aetms raming from 10 | B s o A e ton | Anrias Ow (3).) 2 20% 21 o Louls & Nash 7s, $1450 % ton. The trade looks for | BUTSSINRGN: (3% 3% 0 1 | M x5 1 gD 104 higher prices OWInE, At o eroeq | Burns Bro pf(T). 102K 102% 1024 1024 | Aid-Con s : present difficulty in’ obtaining Bush Terminai.. 81% 38% 31% 33% | Mid.Contpe (7). 90 99% 90 99 Added to Direstorate. Steel. ~ Bush Ter de (7). 91% 91% 91% 91% | Miaate States Freight business of the Missourl e B e 14" 14" | . SAN. FRANCISCO: July 1 0P Pacific in June continued o fore® | ow ) e B i | e 38 38 38 .88 |The Western a&u\mmco. , stakistics given o Y # tterick. . rocident. showing the road | By-Products.... 57~ 59W, 57 58% | Misvouri Pacife. S Jecoutivas to its board of directors, 140,494 carloads in the | cuuf Packing(8) 138% 138% 138 188 | Missouri Pac pf. 88% mwu,wmmms'-m month, surpassing the previous high | Caiif Petrol(2).. 34% 34% 34% 34% 9% brotherdn-law of Jobn ark of 138,713 in June last year.| Gaismet Ar(8). 671 674 ‘66% ©06% ! 3 o The daily . car movement averaged | can Pacific (10). 164% 165 16415 164% ota 6n 99, 10 118K 118% 118% 36.78 miles per car for the first 26 | Cyge Threshing. 110 116%-110 116% (750) 5% 5% : Dtd Ringm 5448 87, 11 106 104% 105 days of the month, against 36.88 1aSt | Cage Thr §2'(7): 109% 109% '109% 109% odes. ; ofpon S P+t N m.r,“lndicaflng a’ good” showing in'| Gent Leather. 9% 9% 9% - 9 Y13 08 lu-‘ "O"-m e operating expenses. ; ccqntnu;'?glp‘f). . # ’;3 2 19% 19% 19K 19%| Am AgriChem 7%s 7 104 103% 108 The Georgia and Florida has order- o::m' phbied 8 18 Sinclalr Otl. 22% 22% 22% 22% | Am Chain .7 1013 101% 101% ed 450 box cars from American Car rD’oP(l)'.. 5% % % ¢ 9% 99% 99% 99K 00 100 g e Bew i) L S% B Sa e Sov sort The United Fruit Co. had a pros- (4). Nat Biscuit s o ond Quarter despite the un. | Chies&OR (112). 137% 199% 1874 139" | Nat Bisou it Peasonably cold weather, net profits | Chi&Altonpf.. 8% 8k 8% 8% approximating $8,000,000, ‘& gain of | Chi Great West. 9% about $1,000,000 compared with the | Chi Gr West pf.. 24% same quarter last year and $3,000,000 | Chi Mil & StP... = more than for the second quarter of | Chi MUl & StPpt e ; ot 2% 92% | Nat Lead pt (1) The ofl industry was interested in Preu T (5). . v = Houston dispe tehes saying . that e -~ 20 Alat Pok Lt(400) ~22% well of the Rio Bravo ., sul 98% 98% 98% s % 3 A sidiary of the Southern Pacific Co., at i i e . R R S Rt Saratoga, Tex., was flowing 600 bar- 32% 8 2% 0% 0% 76, 90474 24 rels otht'ltgfi\;lolyrplzcfilllnafl:gm Y g S 62% B3 6% 68 8 depth of 4,260 feet, the deep | Chrysier Corp(8) 36% 36% 86 36 |NY Canners(e®). & Boat. Sand’ producer of any importanice to | ChrvSICE SPAYS). 101% 402 101% 102 | NY Central ;g’ i 45.. 42% 45 1% o completed on the - morth side of | ClINBRL(5). 64 " 64 64 64 | NY CRHASLL(Y) 181% the Saratoga Field. CoeasCola (7)....156% 166% 15646 156% | NYCAStL pt (6) 104 Youngstown _dispatches to Wall - ‘w‘: g ‘g‘ 1:;“ (5). - 69% Street say .independent sheet steel Gol Fuel& Iron DTAB 46 . Ad% 45% makers and Amerioan Sheet & Tin | o1 ERakF POl g g o Plate Co., in an effort to stablize the | <0/ o0\ 70 s (5). " 83% . Saaic Saat iad sheet market probably will place a| €} SIE LY : g Bl 184% 1504 16¢% 51% )51 Biw T8 1% 7% F g B Behs, 8 it P iz %e 5 i i 29[ %x " »g » %8 : L] : 3 i i : : i g .EE z '.g-l : S g § §9E g g= il g i ¢ " i % E § il i il pl 4 i i : E HH s i E NE oS maBSa~ie HH f i £ R £ i 1 ] g3 Lt a2 R 3 i §e33igad §233 L 883 H FHEET S §aszgits EEEH §§§ SeEnt B ] : 5% €5% | berries, quart, 25. Peaches, bushel, 101% 101% :.m.lo.‘ Pineapples, crate, 2.00a3.50. 112K 112% pint, 12a24. berries, 984 , quart~20a22, Watermelons, 100, .00265.00. 100 100 Selling Prices at Noon. nanu Wheat—No. 2 red Winter, dom 106% 1054 105% | tic, spot, no quotations; No. 2 red Win- 101% 101% | ter, gariicky, spot, 1.41. Sales—Bag lots 1 & £ 22 ¥ £z i 3 s 38 s S3E¥EEST) H EEREEEE fesuaii ] 2 1 g 8 - § H H i3 agize 5 33 ® new schedule of prices in efféct August 1 with an upward revision. June shipments of Youngstown Sheet & Tube were about the same as in 3 b May. The automobile industry is said 16% 16% 16% to be consuming more steel than had | Consol Clgar. » 20% 30% 80%| been expected earlier in the year. Total pipe line receipts of the Western and Oklahoma divisions of | Cont Pure Oil Co. in May were 403,712 4T% 487 4T% 48 - barrels of crude, and pipe line deliver- 45% 45% 44% 45 tiet Co pf 101% 101 101% jes 373,865 barrels. At the end of the | Gruetbie Sti (5). oT%, 6% 47% month the pipe line department held | Cuba Cane SBugar 8% in storage tanks 1,349,405 barrels of Supt, 89 | ¥ c 8 159 erude. The company will establish 24 Mot (1) % ‘u‘ 1 PECTY. O BO% large offices in Chicago, in addition to (] 20% 2% 24y | Packard ] g “““ : (6 111% 116% 11 those in Columbus. <18 e b ' " P&F(10) 810 223 210 g ting 67% l'l; 57 France's foreign trade in May in- creased in value 2,212,277,000 francs com with May last- year, it is shown by Omc';l,l m.mue; rx:a.lv;d hk’. v 3 the Bankers Trust of New Yorl . v b 4 | Imports rose 700,000 francs | Dodge Bros Ol A. A 200 | Fonick & Ford. 31 to 4,390,408,000 francs, and exports 5 ¢ 9 from 3,654,027,000 francs to 4,460,696, : , 254 mn‘na_ l:: ity d S e pont (119). : 146122 1214 1296 |} Heavy demard for large sizes of ) g ‘ s o 90M 99% pipe for the ofl districts i8 keeping | wagtman pipe mills in Pittsburgh territory .ac- | paton Axle (2).. tive, operations &veraging between 90 | miseniohr & Bro. and 85 per cent of capacity. One val- ley mill has an order for 18,000 tons | gies Power of line pipe for gasolineé in Texas. Bookings the. Westinghouse PBlectric & Manufacturing Co., for the second quarter this year are mated at $44,600,000, against $44,400,000 in the same period last year, and $52,696,= 000 for the first quarter of. ‘1926, Billings are calculated at $46,100,000, | Brie2d: against $38,200,000 a year ng& a gain of 18 per cent, and $44,861,000 at the end of the first guarter this year. £ zany 5 N 2 2 ¥ o H He H £ 5 ® 2s= = 3§ g:.'.!:g 23 saggany o ® &F1%s. 2 nn\b‘r:l.... 2411 i g3 fszsssseesgesiys E3zzggeasgegegize Hitii AGREEMENTS UPHELD.". Voting Traction Entered Into Be- fore 1025 Held Valid, NEW YORK, July 7 ().=Voting|! ents entered into