Evening Star Newspaper, July 8, 1926, Page 30

- over Today. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, July 8.—The upward ‘movement continued on the Stock Ex- ‘change today on a considerably Jarger turn-over, More evidence appeared that the public was coming in. The main, feature of the day was the insistent buying at higher prices of the stocks involved in the recon- stituted Van Sweringen merger. * Chesapeake & Ohlo made a new high and so did Nickel Plate. ' The Erle issues were in demand although 4 it aia not appear from the unofficial reports of the new merger terms that these stocks are going" to get much more than they were promised under the original pian, which was turned down two months ago. Stockholders to Benefit. The idea was that the Chesapeake & Ohlo minority holders along with the small outstanding Interest in Hocking Valley would be treated more favorably and that Pere Marquette would also benefit as compared th the previous proposal. The veport was that Chesapeake & Ohlo would get a 5 per cent guarantee on its stock and in addition a half share of new Nickel Plate common. : eel common opened lower. It got below 141, as against yesterday's close of 1417, but rallied later in the day. The main incident in the steel group was provided by Crucible, which went ahead over 2 points. Also there was further buying, which might have represented the remains of a stubborn short interest in Beth- lehem Steel. Gulf State Steel was higher. In the copper and smelting group Anaconda and Cerro-dg, Pasco most of the time were barel¥ changed, but the rise in American Smelting, which has been based on a better recogni- tion of asset values, -was continued. Among the public utilities Brooklyn Union Gas was a leader. Consolidated Gas of New York and Columbia Gas were up fractionally. Not so much interest was taken in the motors. There appeared to be plenty of General Motors for sale around 150, Pierce Arrow at one stage was off nearly a point. A dead- lock developed in the market for Nash Motors, Chrysler and Packard. . On the other hand, recent short sell- ers of Hudson Motors were driven in. Ofl stocks, after all the hard work to get up a campaign in them, had to stand up against the unpleasant news that the price of Pennsylvania crude had been reduced 25 cents a barrel. This information brought about a good deal of selling in stocks which seemed to be strong on other days. Among these were Union Ofl of California, Lago, Amerada, Mar- land, General Petroleum and Mid-Con- tinent. (R R HUGE COAL CARGOES ~ GOING TO ENGLAND 59, 9. -9 9. | Gen 181% 138% 1814 131% | Gen 121% 121% 121% 1214 % 89% - 89% iment B i i Nl 1 AmAgriChpf.. 64 644 68 (64 Am Bank N.1.60 41 Am Bosch, « 20% ‘20% Am Brake Sh(8) - 123% 1 Am Br Bov BK2) 40% Am Br Bopf (T) 954k 5% 95% Can (2) B6% " 56% 125% 126% 1264 lafi 99 100 . 99~ 1 25% 264 25 26 4 40 4 y (8 % 4 T Am Crain 4 @ 126 126 126 21% , 21%- 20% 90 9% 8L g: 41% 184% l:‘ Am & Fo P pt(T) Am Hide & Lea: . Am Hide & L pf. Am Ho P (2.40). Am Toe (11 Am Internatl AmIaFrd)... ). 9% Am Locomot (8) 104% Am Loco pf (7). 116% Am Metals{4).. B53% b6d% Am Po&Lt (g1). 61% Am Radiator (4) 109% Am Bafety R (3) 49% Am Ship& Com. 9% Am Sm & (7) 133% Am Snuff (12).. 127 Am Stl Fdys (3). 42% Am Sumat A efs 26% Am Tel & Ca (5) 25% Am Tel & Tel(9) 141 A Tel& Teleg rts Am Tibaceo (8) Am Tobas B (8) Am Tobac pf (6’ Am Typ Fdrs(8) Am Wa Wo ¢1.20 Am Woolen..... Am Wool pf (7). Awm Writ Pa pf. Am Zine pf. Anaconda (8).. . Archer-Daniels ArmourDel pf(7; Armour of TI1(A) Armour of NII(B) Armour Tl pf(7) Arnold Con (n). Artloom (3).... Asso Dry G(2%) Asso Ofl (12.40). Atchison (7). 3 Atchison pf (5). AtUBirm & At.. % AtIC Line(1915) 222% Atl Gulf & WT. 2% Atl Guit& W1 3 Atlantic Refing. Atlas Pow pf Atlas Tack. Baldwin L (T).. Bald Logo pf (7) Balto & Ohlo(5). Halto & Oh pf(4) Rarnsdall A (2). ‘Barnsdall B (2). Beech-Nut (13). Belding Bros(3). Bethlehem Steel. Beth St1 pf (7).. 1 Eloomln‘dnh Edison ( BRIn-Mn Tr (4) Bk-Man T pf(6). Bkin Un G(111). Brown Shoe (2). 30% Burns Br B (2). Bur.Add Ma (3), Terminal About 2,000,000 Tons Bought. by | B British Since Miners Have Been Out on Strike, ‘Special Dispatch to The Star. BALTIMORE, July 8—T%o0 mil- Hon tons of American soft coal have been bought for direct shipment to the United Kingdom through Balti- more and Hampton Roads ports, ac: cording to estimates made by oper- ators. Much of the tonnage already has been forwarded, and other cargoes will be sent out as fast as ships can be obtained. The coal s consigned to British raiiroads, power companies and in- dustrials, which are short of ' fuel because of the prolonged strike of British miners, now In its third month. By far .the greater part of the coal being exported to Britain conies from the Kanawha and Fair- mont districts of West Virginia. The Baltimore and. Ohio and the Western Maryland Railway, par- ticularly the latter, are bringing long trains loaded with coal ‘from the West Virginia mines to the coal piers here to be loaded aboard ships for the other-side of the Atlantic. Contracts for the coal consigned to Britain specify that deliveries of 1he 2,000,000 tons be completed with- in three months from May 1. Two- thirds of the amount now is on ‘the high seas bound for British ports, it is estimated. PRSP 'CANADIAN TRADE SHOWS BIG GAIN IN FISCAL YEAR i Business With U. S. Increases 16.9 Per Cent for the Period Ending March 31. By the Associated Press. OTTAWA, Ont., July 8,—Canadian trade with the United States increased 16.9 per cent during the fiscal year Calumet& Ar(8). Can Pacific (10). Cerre De P (4).. Certain-TeedN4) Chi& Alton. ... Chi & Bast 11 pf Chi Great West. ChiGr West pf.. ChiMi&StP.., C Mil &St P otfs Chi Mil & St P pf CMuastPptots 1 CRI&PDL(6). Childs (32.40) Chile Cop (3%). Christie B (1.20) Chrysler Corp{3) 35% Chrysler pfA(8), 102% Coca-Cola (7) 166% &EIl( 83% Col G & Bpf (7) 115 ComCred (2)... 21% Com: Solv B. . 187% Congoleum-N... 23 Congress Cgr(3) 44 Cigar.... 65% i & ‘Cont Mot (80c). Corn Prod(12%) ‘5?)“ Cuba Cane Sugar M ‘Cuba Co (! % Cuban-Am 8 (3). 4 ending March 31, it was announced | Cuban ~ yesterday by the Dominion Bureau of Statistics. The total trade for the period erd- jng March 31, 1925, was $936,964,652, ~while that for the same period ending March 31 of this year was $1,095,680, 246, representing an increase of §158, 715,594. Canada now has the larg- est favorable trade balance per capita of any country in the world, the Do- . minion bureau stated, Imports for the year comple trade previous year of $509,780,009. Ex- ports to, the United States for the year )u} finished were $485,854,806 as compared with $427,184,643 in the pre- READING SEEKS LEASE. ‘A‘uthofltyto'r-knovn!‘n-“ (9).. X Del L& Wn (17) 141% DRGWstpf... 42 Detroit B4 (8).. 138 182% 132% 43% 41% 42, 100 100 28% 87 B4 Dome Mines 12. 12 Dupont (119) 242 244 Dupont deb (6).. 106% 1 105% 106% Duquesne pf (7). 115% 115% 116% 116% 118 118% 113 113% | ; tt bt ¢ Bquitable pt (7. BrieRR...ovis i b D FREEE Gothm B (310 S0 - Boe Gotham 8 H new Consol. ”m* Grt Norta pt (6) 74 Gt Nor Ore (1! Gt West 8 pf Green Canan. | Gulf Mo & N GuM & N pt sehd (3% ). Howe Sound (3). 37% 87% HudsonMan(23%. 26% | Hudson Mo(3%) Hupp Mot (1), Tilinots Cen (7). 122 4 Tnterurb Rap Tr. Intcontl Rub(1). . B8% Int Cement pf(7) 104 1 Int Com Eng (3) 51% 128% 125% 128% 124% 1514 13106 1213 1200 | o Sporoe ) 5% 65% DA 65% Int Mer Mar pf.. Int Nickel (3) 37 Inter Nick pf () 108 108 Int Paper (2)... 53 53% 85 % 37% 1 49% 106% 50% : fmmmmumy 8% 168 3 1085% 60% 24 44 3 .‘! i i i 104% 51% % | certificates which went up ‘almost as| pinland 7y 108 ‘tle Effect’ ~quiry Is Good, 168 were markably W Inguiry nexpected. % real activity of the day was | middle-grade and .p:c}:mlv- Rails prominent in this , the 1 belng Denver and nde Western 6s, which at 70 within fr record high, and International reat Northern adjustments, which at 5 made a new high on the movement, reflecting the better - earnings - out- k. ufl"fi Ha‘mm“: plicati ":u re- In in demand, du Ing cent high of 104. 'Chicago Great West- ern 4s were activé, and so were all the Erfe issues. For most of the day Air Line bonds, how: behind. The ture among the industrials was American Writing -Paper 6s, which jumped over 2 points, and the much. Here the advance was In re- nse to reorganization - develop- Int Paper pf (77, 93% 99% 934 98% | Ments. Bethlehem Steel §%4s and 6s Int Ry Cent Am, 2 26% Int Tel & Tel (6) 128 128 Int T&Telegrts. 7% T Intertype (11%) Jowel Tea...... Jones Bros Tea . Jordon Mot (3). Kan City 8 South. 85% | Kan C Sopf (4. Relly-Spring.... 1 Kelly Spring 1st. Laclede Gas (8). 185 “ 167 21% 2% Lehigh Val(3%) Leh&Mink stf(3) * Life Sav (1.60).. Liggett & M (14) LAg &M B (14). Loew's Ind (2).. TLong Bell A (4) Lou&Nash( ) Ludlum Steel (2) 88% 8% Mack Trucks () 116% 1224 Mack T 18t (T 111% 11% Macy HR & 08 Man El Sup(5%) 7% 794 Man E1 gtd (45). 6% Msracaibo Ofl... 26 264 264 122% % % 22% 10% 20% 118% 111% 108 7% B¢ £6 Market St prior. :IK 42% ‘Market St 2d pf. 15 61% 22% 84% 8% 118 118 116% 116% 20% 20% 20% gz 8 Middle States... Min St P& SSM. Mis Kan & Tex. . Miswouri Pacific. Missour! Pac rf. 80), ‘Mullins Body.,. Munsingwr (3). Nash Motors. ... Nat Biscuit $4%. Nat Cash Reg(3) 8% 18% 157% % 28% NY Adr Brake(2) NY Alrbnh:'u 186% Norwalk (80¢). . Of1 Well Sup (2) Omnibus. ...... Orpheum Cir¢2) Ot ) Otis Stee] Otis Steel pf. ... Owens Bot (14). Pacific Gas (8).. 127 (7 L 1% 1% M 1214122 121% 1 <28% 23% 28% 100% 80% :’:K 28% 49 49 0 (2w, 15 61 21% 83% 18% 167% 22% 181 26! 122% il 22% 1o 30 68 5 167 226 6% 2% 28% | maica, which will be the receipts this 121% 111% 108 9 55% 26% 2% 5 i 21% 88% 18% 0% 1% 48% 45 46k 181% 181 181% | Tobao Prod (7). 184% | Tob Prod A (7 80% - 18% 30% 883358, gus L BT% 54 35 1%y $3:83.0008 §acsEeny Lo 223 Mannheim and /| Co. % | retained thie gains of the week. Local tractions ignored the strike situation. There was good support for the In- terboro bonds and for the 7 per cent notes. In the were by some of the French ol and Italian 7s were heavy around the low. price. institutions kept up better than 28 on Market—in- : :‘ 98% ustrla 78........ 17 108% Bank of Chile 6%a. 20 96% Bank of Japan 6s.. 8¢ 100 . '99% 100 Belgium 6s. % 84% 28 91% 91% 9% 26 94K Ok 4% 00 O 00 00 00 0 0 B 0 il i ddaad 8% 108% 1084 | Bklyn Manhat 41 8 1074 107% 107% 14:101% 1015 101% 4 84% 84 84% . B1 98 94% 95 19 105 104% 105 'S 101% 101% 101% 04% 10 Ch & fourth of a point of | L 4 99% 2 101% MW1% 101% 58 99 990% 5 102 101% 101% 2 101% 101% 101% 4 104% 104 104% 1104 106 104 106% 108 8 106 106% 106 4 106% 106% 100% 3 8% 8% 98 99 Denmark 68....... DE Inb%s Nov 53, Dutch Hast I 65 47. st, fractional losses | 5 syndicate group, headed by A. G.|Lyon .,_is _affering $3,000,000 Palatinate Electric 15-year, 7 per cent mortgage bonds to yleld about 7.40 per cent. syndicate headed by Hornblower! & Weeks is offering $2,300,000 Oswego Falls ition first due 1041 offered 10.year 6% per cent | bentures to yield §.60 per cent. The Bridge first $1,500,000 ?;.‘y Fi“l'mm mortgage s offered H A by Peabody, 3 ng were oversubscribed. Banana Receipts Fall. 'BALTIMORE, July 8 (Speciall— Two steamers 'yesterday dis rged 56,131 bunches of hananas from; Ta: week, against more than 100,000 a week for two months. Thi Mexico 45 04 asntd. Mexico §sassented 6 4 108 108%4 108% 9% ' 79% % 98 98K 101% 101% 101 101 101% 101% nearly Marchioneal brought 30,727 bunches | Rl to the United it Co, and the Vika 26,000 to the Banana Sales cer:oln- n. b Se ArrL., 344 seabddir Loe:) 374 SeareRa (34 5w Shols D (1.4 318 Shubert Theatre: €5 % Skelly Olf( 2) 85% Slobs Stielt (6).. 136% Seou Cal Edison.. 81 m A(4) 52 38% icer Mfg. Gas&El B G&WoL(d) s 1k % 1% 150 151%° Tex & oo | B3% 544 B3W ik Tex& PacC& O 14% .1‘8;‘ 14% 14% Texas Ld Tr(8). 980 930 ° 930 Third Avenue. .. 36% 35% 36% 85% Water(194) 82% 382v 32 824 (14).... B4% G6% . 64% B6% 104K 104% 103% 108% 2% um 1z us 02). 96K 874 06% 9T - 169% 161% 159% 160% UtdDrg 1st(3%) 69 59 B9 United Fruit (4) 115% 116% 1164 115% B CTEpt (1), 103K 1088 106 168 s 108% U 8 Distributing 87 % '80y¢ | Hershioy 5%s. H - 2 5 129% 129% 1 97 23 - flé 80 30 87 14% 48 » - & U ek et L 984 98% 1108 108 108 86 100% 100% 100% 105% 106% 96 28 100% 100% 100% 1104 104 104 59 148% 147% 148 1199 98% 98% 1 104% 104% 104% " '3 106% 108% 1064 2 81K 814 81k 3 106% 106% 106% 20099000828 ngegé?g % : 5 E ars “5zEie SRUEE | : 1 g2 £ 5 168,000 42 P58 40, Duquesne Light és. CubaSugT%s. 1 1044 104% 104% EmpireG&F 7%a. 4 103% 108 108! 8%s. 2 105% 105% 105% 1110% 110% 110% & 121 120% 121 Lk 1%°101% 101% RS 102% 1¢ 1st 68 .Ig“ 108 o ‘st 01 i 5 o0& o eil EeEEgsgsznas R HIHE i st st A feeeg L i sz - L gas §idenain? Fieadels 2 Poal *® 1 22 i E- ks 2909 vr:g%? me s8an ag aREEE S ual RERRER ERNIRN!'§ N Y State Ry 4 #s. NY W & Bos 4%s.. Norfolk & W en 822 fifEeeeee 4 & %s. 40 320fs %! 5 =t e BReIanss alBoanlon viebudian~oBall cnalla 50%| New "potatoes, 29% beans, :.OM.N:‘ cabbage, hamper, 5 84w Be B4 78 2 fhb g e wesiowes, 1 FRNSHATE o wmmr éeolfi? m!) HALFSItEhA R BY EDWARD C. STONE. Sales of Peodles Drug Stores, Inc. Jume and t}w the firit. six Riontius ‘ear, just announced, show substantial increases in both totals. Sales during June totaled $485.619, While for the same month a year ago they were $423,889, an increase this year of $61,730, or 14.5 per cent. For the six months they reached $2,833,- 214, while for the same. period last year n:ls:‘); i'-.mnnnufl to $2,561,791, 428, or 10.7 per cent. e Southern Dairies, Inc., another con. cern in which there is wide local in terest, today reported that net sales for the first six months of this year amounted to - $5,263,136, compared with $3,999,983 for the same period last year. - i woun Sales Reveal Increases. sales of Louis K. Liggett Co., subsidiary of United Dr\lssi‘o.. ; | for_June increased to $4,138,190 from $3.512,691 in June last year, bringing ‘,’;:.‘fl“’ for the ;-ur year to $24, ,831, against - §$20,022,03 “w‘t“;.’“-‘ 6. for the of t McCrory Stores Cor- poration for June totaled sz.x?ux:. 4 gain of more than 7 per cent over last June. For the six months they reached $14,180,817, a gain of over W'm compared with the first of year, or more than 17 per The F. W. Woolworth Co. showed @& gain_ for the first half year :\ $5,901,481 over the first six months sales of last year. The S, S. Kresgy Co. now estimates that sales for th present year will reach $120,000,000, 0% Being peaed than v ey shoies n any simik period in the company’s Mntoyr;,m 4 Record Made on Local Exchange. sows,| The Washington Stock Exchange today had one of the quietest ses- slons ever known on the local board. But two issues were dealt in, and only five sales were recorded. Wash- ington Gas 6s.opened with a $1,000 sale at 104%, and closed with two 4500 sales at 104%. Five shares of Mergenthaler Linotype sold at 107. s 100,000 Bsd Checks in Year. s week's bank talk by the Dis- Bankers’ Association in the edu- cational campaign being carried on through the advertising columns of the local . newspapers states that more than 100,000 checks were re- turned through the = Washington Clearing House last year because. of :l;‘:,k':t u:'.u;uh. This figure year- a { man; - lowed thelr' creait standing to be Wlfl!] marred, additional cost of servite 4 lessly brought upon the hnh.n e Check Charge Is Lifted. CHICAGO, July nt of 8 (United States De- i Nl E ind butchers, mostly 13.60a14,00; ng sows, after first round, most- 1165 downward: desirable hea: 3 BALTIMORE, July 8 (Special). barrel, 2.00a4. beets, 100, 75a85; bushel, 50a1.25; 1.00a1.25;. . -peas, i, 1. crate, 2.00a4.00; squash, mm: tomatoes; u‘a 758, 2.00. 1. Wi Ap) -Barrel, 2.00a4.00; bush. Ok{fr blackberries, quart, lu“' cantaloupes, crate, 1.50a5.00; huckle- .ll‘\llrh 26; for the same period of and . Trust by many. & passerby to . - Attention is also call- vacationist's need of deposit valuables and ‘travelers’ ks for his m _probably be July 27 at the g ), Judge Beverley T. Crump oppesing counsel at Richmond, ‘before he will hand down his decision In the ‘silt of Arthur Lyman and 5 stockholders of thé . the exchanges Great Britain, 486 5-16; Frace, Italy, Demand—Be! 23.80; Holland, 40.12 Sweden, Il‘."l:‘*: Denmark, Quotations (i ge: demand, 485%; cabls bills_on. 4 26.49; Swi 90; G