Evening Star Newspaper, July 9, 1926, Page 14

Storrtt o Hoad Firmto Fur it ATt Redaerety 1068 1168 116K 118% Rails Show Strength——Sell- | {jaxRupber.... "8 M Ay % * nish Trook:Servics :<. « in Distriet. ggeresg gisgafiij : it SOIW U TW AN IR MRl Allied Chem (4). 180 131% 128% 128%. ing Encountered by Indus. | Atis chatm ¢3.. 89 o e 9 BT Lo W Amerada (3).... 0% 204 @30 | - trial Favorites. = - . ; : T e ; = i / (2) ; Spegisl Diepatch to The Star. PA% 1015 9 "‘:::1‘0-(".'5“) :su - 2T Gl 7 5 abnbet d et 2w 38 Hupp Mot (1),.. 28K 28% stil no [beal eVidences ‘in today’s Tilinots Cen (1) 122 123% 1! tradings in stogks that the public was | AT EPPIS 0. 135% 1384 1384 13044 1naep O (1. 23 208 coming-into Wall Street in anything Lea 4 ;Mhn Motor (2) - ke the way ft’ 8id deven and eight L a1 ndian Refining. .mopthy ago. Dealins reached a 26% 26%: 26% .. faitly large total, but the inspira- tion was almost entirely professional. Tradera, -oldctk:ha % flhW:: covering* in . midway roug! Am Loco forencon, then took opposite sides. | Am Brorarecty " si" & As ;usually happens when the in-| Am Metals pf (72117 117 11 dustrisl ualon r:ii' t!‘:: rl:"ul‘):xfl::: Am Po&Lt (g1). 61% 61% 614 1% néertain, the e A (B " B Prainic, | Which for . tWaT A B Ay T e ARt | Ind Years: or ,more has never gone along. withf ‘other members of the Eroud. | Am Snuff (1 suddenly became very strong. It reached a new high for the year; uger 8o did-Reading, which struck 100 for | Am Sugar the. figst. time, and so did Chesa- | Am SumatA ofs - 25%. 25% 26% pedke’andt Ohio, which mad e AmTer & Telh) 16134 1410 LK. 201% No er de s : Teleg rts '~ 6% % regarding the modifiedVan Swerin- 4 N . o around Een plan, except the comparatively L e 12 1111 marie 1 1045 104k 104 v 10 =1 ey T () .'-..'=.'S LY ) g 1 14 107% 107% 100% ot . 91% 91% 101 100% 101 gus ;g. ssseas g BY EDWARD €. STONE: also to’lift val- | Washington Gas Light stock made . Rains and cooler temperatures |2 new high on this move on the Wash- the ng wheat belt had only a ington - Stock Exchange today -when, nt depressing effect on the )after opening at 69%, it sold at 70 on ;’fl* t = ns lnv;lov}u 40 ghares. transatlan ocks ~ lectric ywer _ Preferred wheat are rigorted e oo™, oy | s0ld at 108; five shares of Continental out that mnew home-|Trust Co. brought n! and ten 90%; will be svaiiable fo four Merchants Teanafer & Storage Fre tal European countries hanged hands n'um the other hand, Eng; m Mortgage & In- stocks of wheat are now . 4,249,000 ‘bushels, as against 8,84 . tnun:u A year nng:. HELE s T 3 lemand wi jevel on M8 BT tE . 10 B ines tn price was & notable feature tically unchanged prices. M& 3 ‘s Wl market. Numerous Truel % A commission house orders to purchase : Eeaslng :Co; Fotmed. uncovered whenever values| John A. Sterrett, president and or- Much of the buying was ap-| ganizér of tt & Co., transporta- %/ Darently based on" continued ‘adverss | tion engineers, {s to head a new com. field reports from the Northwest, in-|pany to be organized here which will dicating that the general prospect was| specialize in leasing automobile trucks still unpromigpg despite rains. and furnishing truck service for busi- WHEA’ i 0000000 si o 553 f =1 B = = s3ra3is §zzpssbafas: $zrazfacaasagl 22 22 §oueqgs H et 2 ) R B PPN e U 293 aruw % Bl ;“,.i"i;‘ a0 9 o55 3+ 2228 SEEF = 2 8333288 .| ness houses. The firm is to with $500,000 capital. It will be as i Sterrett Operating Service, Inc. John chairman of the board of the unimportant item that Hocking Val- p Fdrs(8)’ 119 ol o 20 6 60 * 0% gaiyy. g 38% 384 ley stockholders will be treated alike with Chesapeake and Ohio. They are to get a b per cent guarantee on their present holdings and in addi- tion a half share of new Nickel Plate, which it is expected Wwill pay § per cent dividen i As the rails went up selling of the industrial favorites ‘.gréw keener, There was quite a struggle in Gen eral Motors around 150, but it was evident that the stock. was being supplied freely at this figure before it met with support. Then it had a partial rally. But at the low of the day the stock’ was meariy 315 points from -its recent top.. Thers wds ‘a revival of ‘interest in Otis Steel com- mon and preferred. Realizing sale: made themselves feit for & time in Youngstown Sheet and Tube and they also were large, enough in Crucible and in Republic Iron and Steel to in- terfere with further efforts to advance these stocks. 2 One of the few féatures was the strength in Baldwin Locomotive and in America lve.. The former It omd 118 ds selling st the highest oty Anaconda (8) . ArmourDel pf(T} Armourof AtL Birm & At AfI'C Line¢+915%-822% AtrGuif & WI-4 @4 . Atl Guif& W1 pf. 43 43 48 tio Refing.. 116% 116%°114 . 114% 12 12 %12 59 Belding Bros(3). Bethlehem Steel. 4 Beth 8t1 pf. (7)., Bloomingdale. h = Consoiewn continued o ot choit snich change: The | Briges Meg special buying kept on 'in Postum Cereal and carried the stock well | Bkin. . On the other hand, Allled Chemical was offersd down. 3 s Trading throughout th rnoon’ continued to favor rail stocks ich are the subjectd of merger —— Reading did not hold its highest, but © 3t kept up to top figures. Wheeling and Lake Erie issues, which have been looked upon as merger DOS- sibilities for years, were abruptly Bi Postum Cered] retained its leader- . ghip in the indpstrial division. Else- where the ;zl‘l:nz was keeping pace with the buying. -, : Oil shares, which had been under prepsure for & time, hardened during the-afterncon, Union Oil of California got back 0, its clgse, but there was no effart to restme -operations for the rise-on a large'scale. .. Calif Packing(8) Calif Petrol(2 lahan Zine, .. % - 1% jumetd Ar(6). 67% 6TR Calume&H(1%). 14% 14% Can Pactfic (10). 166 166K 166 Case Threshing. 117% 128% 117% 132 110% 112 110% 112 65 55 53% 18% 13% 54 .54 % % 5a% B4 178 1784 2% 22% Lott. 3| Lorillara (@) Loutstana Oil. ... LoutsGasA(1.75) 24 . Lou&Nash(16%) 1374 Ludlum Steel (2) 37% McCrory BP5.60 82 ° 82 118% b 804 (1] Motors... Nait Biscuit 14%. 98 Cash Reg(3) n_higher ling lehem Steel issues ported and Milwaukes and Light 196! under pressure, dropping below 65 for a new low for the year. - Activity in the railway list cen- tered around Erie issues, w] but later 27 66~ 96% .96 5 109% 109% 100% Del & Hua Xltrfl] 92% 92% Del & Fud cv 54,35 g'nzlu\m nw Den & Rio Gen ds bt i in l:: 1y, 26c to 50c lower than yesterda: D& Rio G imp bs. . 8 115% 115% 115% 98 101% 101% 1014 i 108% 1 113% 118% 113% Rap Tran 21 65 1056 104% u.s;u Int & G Nor 1st 6. 1o Int & G Nor ad ) at_28%a29. 8% | % et i CHICAGO LIVE STOCK MARKET DQCH!%AG(O.MJuIy 9 l(:.!nkud Hsuu- partmen Agriculture).—Hogs— Receipts, 23.000; fairly active; unev average; lighter weight stowing least decline; bulk, 160 to 190 pound ayer- ages, 13.90al4. 4.10; two Moads ° 145-pound averages at top of 14.25; bulk desirable 200 0.240 pound averages, 13.50a13.85; 250 to 326 pound butchers, 12.75a13.25; ity packing sows mostly 10.50a ; sorted lightr welght up to 11.65; ughter pigs mostly 14.00 ward; .602.13,50; ‘llls- packing sows, ghter pigs, 13.50a14.00. | honds.’ ttle—Receipts, 5,000; grassy cows and’ heifers and grass steers almost at a stapdstill; carryover of grass cows of value to sell at 6.50 downward; fed steers and yearlings steady; supply scarce; clearance good; short load of nght Yyearlings, 10.50; several strings, 10.00810.25; Mest weighty steers, 10.25; bulls steady; vealers firm at 12.50a 13.00 to packers; few, 13.50. Sheep—Receipts, 16,000; fat lambs mostly 25c lower; no westérns sold; most matives, 13.76a14.00; top to smali m. 14 one deck of 74-pound DAIRY PRODUCTS. . BALTIMORE, July 9 (Special).— Live Spring chickens, pound, 30a4d2; 25a32; old hens, 27a30; Leg- horns, : 23a24; old roosters, 18a20; Aucks, 28a30; old, 18a23; pigeons, pair, 30a40. ¥ . Eggs—Receipts, 1,045 cases; na- tivé and nearby firsts, dozen, offered to fancy . creamery, of the ng B. Babcock of the Cab Co. will be vice president. Washington men, Clarence A. Aspin- wall, Stanton C. Peelle and ux; Sharp, are among the directors. . headquarters of the new concern will be in the Setrrett Bufiding at 30-38 M street northeast. r. Sterrett has been active in the local automobile field for 15 years. : Georgetown Bond Sale Approved. Bids were opened yesterday after- - noon and the Public Utilities Comm! sion approved the sale of $260,000 5 per cent 50-year gold bords by the Georgetown 'Gas Light Co., at 98 and accrued interest, to Dean, Onata- via & Co., which was joined in the Bld by J. & W. Seligman & Co. In approv- ing the sale the Utllities Commisgion sald: "It is understopd from :an letter ter and oral statement thit 9814 is the highest price obtainable ‘and rzn sents the net amount to be recefve . e sale will give the Georgetown Gas Light Co. $1,000,000 outstanding bonds, $750,000 having been issued some time ago. Other bidders were Crane, Parris & Co., with an- offer of 97.30, American Se- curity & Trust, 97; Farmers & Me- thanics Bank, 96%; and Harris, Forbss. & Co., 94%. Banks Declare Dividends. The usual ‘Semi-annual dfvidend of 3 per cent was declared at a meeting of the board of directors of the Inter- national Exchange Bank yestérday afternoon, payable on July 15 to stock- holders of record on June 20. Jossph Schiavone, the president, reports that the bank is making a drive to get the deposits up to $1,000,000 by August At a meeting of the poard of rectors of the Washington Loan & Co. Wednesday, the regular qulr;e:;lzgfldend of ;$3 per shate was , payable ‘August-2. “Th Abook" s w:zn ?;el clocql.. mA Jaly. 20 to gust 2, usive; August 1 being. Sunday. A : e er L4444 ot o dededed CLOSING IRREGULAR. watss o i Dy @ oo P 7 - . (4). + L4 n uay §s. pound, 40a42; prints, 42ad4; - ladies, § » Lead pf (7). hmmm— 2% 92% 8 i g $ . Discount* 6, tions Selling of Steel and’ Mack Trucks g:'“,';::::,’ e s e I = e e A U ANEOUS, - 18 | . B oy oy by mond rmmmrv":s::x-‘::-«% Contic Baey Oghtoupan. T2 5 { s ko, - Bi6 e 018 0| KRG R AMERAe o 5l 0 - Am Agri Chom Pié 18 104% 104 1044 et o i PUT: | to movs commar 1 the"teind et the July 9 UP.—The clos. | Chi & Alton pf. R s & Dec. 18 £ AmChains. 9 1014 101% 101% 2 e ; rve system as a. whole during the NEW YORK, July —The clo | Cni & East 111. Blw n Supply (4). . 80% - yos ! 1% by T L J TR e first week in July. Discounted bills’ ing was irregular. Trus kl‘nnd ’ 18%" - & Tos 1 10736 1074 107% i AND at Richmond, reflecting the usual sea- iy e ad band J . o lodk 104 ine |3 GRAIN PRODUCE.. - | sonal'let-up in agriculturat. eredit de- i "the. lhte trading ... Tha % 2% NN 98% 5 201 8% | BALTIMORE, July 9. (Special)— | mand. ‘in the local fifth diitrict, de- Colifdton iy apeililivied BT n ot - T 12 108% 103- 99% | New potatoes, barrel, 2.0084.50; beans, | Sua o, PP Ximately $1.400,000 to §44.- up! movhemenv Foodp C Mil & St P ctfs t N e O *1108,000. On the other hand, the coflfln’l‘l‘:i, vt el oy l’!m‘w mlwm Chi MIT&BLP pf n o eeis I bushel, 50a1.25; beets, 100, 3.0084.00; | volume of rediscounts of the 12 Fed- Tubeshing Machine aad Wo Iworth | G MIaSLP pt ofs ¥ L . o N H cabbage, hamper, 25a50; carrots, 100, | eral Reserve banks gombined and’ Cocs, ‘Cola 3 paints each. Total D e e AR P o % o g 5 2.005.00; corn, bushel, 1.00a2.00; cu- z:‘mm Juring the wegic from §815,- sales approximated 1,600,000 shares. B4%. orfk & Wn (13) 164% 186 154% 158 s & <cumbefs, hamper, 1.00a1.0; eggplants, | 3000 10 361206 ‘:’dwnwd trend . North A (BS. B1% 6i% 50w 1 | Scd.P) s 18, - 18 106% 108% crate, 2.0044.00; lettuce, bushel §0a | i bills bought in the open market at 9 99k 99 9ok Ampth). S0% Sou. S0 sou ®).. 89 89 89 Fianiiad. 2t i ,'g““ 1.00; onions, bushel, 75a1.00% Spring | Richmond, this' figure declining from Markets at a Glance . v & e 8 ol - ChI&SLL 5%eB. 12 104 onions, 100, 1.00a1.25; peas, bushel, m;‘fl‘;‘; _‘:."';; D dper.ate 4 Christie B (1230) 44 16% 104 18% : i 68% | 1.7582.50; , peppers, crate, .2.00a4.00; |30 wo o reduced 7, NEW YORK UP)—Stocks, irregular; | Chrysier Corp(3) 36% 36 36 4 100 squash, basket, 26a30; tomatoss, crate, | senater et 000 to $28T- Reading ‘touches par, highést since | Chrysier pfA(8). 1021 1024 102 5 ‘Wa b+ 2 losar80. . 3 £ AR Orpheum Cir(2) 80 80° 80 S|, Ables, Barrel, 2008400 bushel nstitute Delegates. Texas-Bound. .. ] 1.00a1.50; - blackberries, quart. 8a15;| The 12 Washington delegates to- pes, crate, 1.50a4.50; huckle- | the convention of the American Insti- berries, quart, bushel, | tute of Banking at Dall Tex., left 3.00a3.50; pineapples, crate, 2.00a3.! the city Iast evening, joining large . .pint, 123%4; raspberries, [ delegations ‘from = Baltimore, Phila- black, quart, 20a22; watermeélons, 100, | delphia and New York. = They were 25.00a60.00. %) mfl;c‘.t.hnr n:fl llng_h at ‘Staunton % A a., morning. o delagates Sefting Prices ot Noow. . from the Eastén citiés were to take - Wheat-—No. 2 red Winter, .domes- | an automobile trip to Endless Cav- ‘tic, - spot, 1o quotations; No. 2 red | erns, ‘tour the caverns, and o on to inter; gaclicky, spot, 1.42, . ‘White Sulphur 'Springs in" time for n—Domestic, 2 yellow, -85a | dinner, a swimming party, moving: bushel incarioad lots; No. 2, | pictures and:a dance this:evening. sxport, 82; No.'3, spot, export, | Their next big stop 1s il Oklahoma, ; ‘whe they are to motor through the 25 bushels, No. 2, yellow, at | oil fields and also.visit Tulsa. They , at 8 A > réach Dallas on the 12th, the day the O..tb—b -No. 2, ‘l’::!" bushel; No. 3, 48 | convention ;))&nl. T. Hunton Leith, ushel, nominal. i president of e local chi % is o Ry’—’ Nearby, ol? 80290 per bushel; | charge of the dnl‘nt}f;m' . 2, export, spot, no-gquotations. p “Hay—Receipts for today, 18 tons. Press Club Awards .Contract. demand for hay is ‘quiet and | The Wisconsin Iron and Wire Co. centered on the better grades of tim- | of Milwaukes was awarded today-the ! y clover mixed and No: 1 |contract for the ornamental iron and -and misceHaneous ° R T ALK aanan B e e i CeeN S B B L h . Foreign exchanges, mi ; | Coca-Cola (7). % Foghon france and Ttallan i recover. | Collins & A, {24 43 2% ‘424 Fit ot a4 - A L Teleutopra(ste). 11 1 i strong; bul crop reports. | Collins&All s - 68 en2 Cop} e , e RasIsias T ot AR AT irny. AW ABies -t O 7 o0t Dok (10)., SR TO8 (SAA ais TemsCoh)... 84 - refined. . lizg i a0 * IR e PR ; % Tox & Pacifio-, cables. 4 e 5 Pasge ) ... 16% 18% Tex& PacC&0 1 Com Cred (3)... - B {72 | Tide Water(1%) S i Clt;nt?uu Gor . nt Spring. wheat ed bul yvernmen T 28 Seport; . Corn, barely _steady: larger | Com CrEt (1K), 23 conntry -offerings. Cattle, dull but | Som Cred 15383 . 00 steady. Hogs, weak. 5 168 POTATO MARKET WEBAK: s P A Un : bt b “:"‘ “m Penn-Séab Steel, 1% 1% 1%'. 1% | UniON(3) 57% o5 B5% Peop! % 165 ments, 878; on track, ¥ % 1% 1% per (99 | 99K 9I% 1oy v+ very slotv, market wedk; Can 148). .4, 8i 80% §0% » 88 88 3“ scked Cobblers and Triumphis, o (80c3 1 1 2 88k 1% 0% 9 275, according to quality and con- | Corn Prod(12 Ui Frot () 116 dition;, Kansas and Missouri sacked | Cpuell 1 (6). €2 4 Early” Ohios, 3.40a260; sacked Cob- T Ux’y-uru f_sy_ B ‘ blers, 2.60a2.80. rt] ‘arolina, bar: uUscl (10) 832 227 219 321 rel, Cobblers, 4.50a4.85; Virginia, bar- | cu . i 0 4 uac] .E‘a.l‘ 8 : rel, Cobblers, 4.90a5.15. - . 25 u.‘xmnu u’. w““ U8 1nd Alcohol. 58% e e ; Cush 98 8. | Pl 3% 8 3% K VIRGINIA COTTON CROP. Hoe 104 e Cont ptLs.. 708 U8 Rashars e 81 o1 RTCRMOND.. - Vo . (Speciall -0l : 6% ). 98 98 98 98 |URGDIat(3). 1064 1084 Wirginia cotton acreage planted and| pavison Chem. dow | THtte & 100" Joow ‘9w 101 | T8 amy t'g ). ?lw‘t"zv‘s‘«n ¥ Y i g ® .;-. sizzfggees B23E 233 H ] 1583 i il g2 i eEgianeth: Zo Eae! 22 BHRE R RpPREPEP duw u;g % g i 9534 223 i is g H [TE 4 2 i FF T if 4 §51 e i feagesds £yelt (33 t; et ) Bou standing ¢n June 25 is estimated to be Sou Torés.. 47 9| £ e“‘.‘Q‘\:y the 93,000 ‘acres, compared. with /101,000 | Del L & Wn: Y s mmmnyuu & cu X last yean, according to the Virginia| DRG Wst 42 48 Proa a1 89 Fotog 5 A s lfln”“-"“"“ > z erop reporting service:- Condition is 634 Detrolt B4 (5) y 3 i ; ::" s ] ““' per cent of normal, compared with the | Dovos&Ra(2. 10-year dverage cendition’ of (80 per|Dodgé Bros Cl cent. Cotton is quite bafkward and| Dodge pf (7; ezgee 38 i Vick Chemioal. .. 1084 | va-CaroChitn).. 4% y;gn.(n‘nm.. 87% | yasCar Ch pf(T) Cetton today with prices slightly higher. 2 Brint Cloths awere quoted at 7ie for | Mies Eower & L 64x60¢ and Sc for 68x72s, an advance | npgy nr 40% (7) i in each case of an eighth cent. RaW | po0 Retrig(f3) silks xcnned 5c a.pound: in & SIOW{ g0 St Bat(16) . Bmm = S8 59 marks By CH t) fer; ru;u ext 8%: 39; fir;t::."‘s'l a38l,; firsts, 35a36%; sec- onds, } ESgggaginggss g fiii?ifii 55 st i B §& i 4 tiand pf. v St Jaseph L(13). 41% i sfsrEesssises G B ok