Evening Star Newspaper, July 12, 1926, Page 24

Steel Shares Not Prominent f" ! % | i { TS LEIS SIS in Today’s Trading—Trend " Is Upward: Am Agricul Am Bank N. 1. ~ | Am Bosoh: ; BY STUART P, WEST. “ Special Dispatch to The Star NEW YORK, July . 12.-— Price changes at the beginning'of the new week were for the most part small, but again they distinctly favored the side of advance. Geperal Motors at a new High rec- ord was one of the features. § A good 1 was made of United States Steel tonnage figures, issued after the close of business Saturday. because- of the comparatively sinall ‘loss shown when set against the | previous months. Bute, the stéel | *_ stocks were not especially prominent | in the market of the day. ' United . States Steel ppened up. not quite a * point, then fell back partially and during the greater part of the.time was not activély dealt in. Other motors followed in the wake of Geperal Motors. Dupont had a re- markable jump. - Stocks like Hupp, Nash, Willys-Overland and Chrysier were up fractionally. The rise ex- tended to the rubber group, although here, too, the gains were only frac- tional. ;~On top of the advance of 23 goints e last: week, United States Cast Iron % “Pipe had a‘further upturn. The stock | was making new high records. Other | pipe issues, both on the big board . .and on the curb, were strong. Uni- 5 versfl Pipe was higher. The food stocks were in demand under the lead of California Packing, Postum Cereal, National Biscuit, American Can. Among the specialties . which came in for attention were Coca-Cola, Remington, Fleischihann, Lambert, Munsingwear and Allied Chemical. £ .+ Announcement that the price of the copper metal had been advanced % of a cent.in the pound - was followed by some further buying in copper and smelting stocks in: which Amer- ican Smelting, Anaconda &nd Chile especially participated. In the public utility section Colum- bia Gas was the leader. In the rail- way list Lehigh Valley was strong 80 were Union Pacific and Balti- more and Ohio, the latter up over a . point. Some moderate demand con- tinued for New Haven and St. Louis- San Francisco. Markets at a Glance “NEW YORK. (#).—Stocks irregular; Gengral Motors: reaches record high level. Bonds steady; rail issues im- | Am Brake Sh($) l” INK'I Am Br Bo nf (7) :‘“ pf (7 Am CaraFay (8) m Am Chain A (3). Am Ehicle 78 AmLa Fr (1).., Am Linseed. .., Am omot (8) Am Loco pf (T) Am Metals (1) Am Po&Lt (g1). ‘Am Radiator (4) Am Ry Bxp ()1 Am Rafety R Am S & Ref (1) Am S & R pf (7) Am Stl Fdys (). Am StI'Fy pf(7). Am Sugar (8). .. Am Sugar pf (7) Am.Sumat A ofs Am Tel & Tel(9) A Tel& Teleg ris : Am Tabaoeo (8), Am,Tobac B (8) Am, Tobac pf Am Typ Fdrs(8 Am Wa Wo ¢1.20 Am W W 1st (1) Am Woolen..... = Am Wool 5 (1) Am Writ Pa Am Writ Pa of TI(A)Y Armonr of TI{B) Arnold Con (n) Artloom (3).... Asso Dry G(2%) Asso D G 1st(8). Asso O] (2.40) Atchison (7). Atchison pf (5). At] C Line($934): 226 Atl Guif & WT. . At] Gulf&WLpf. Atlantic Refing. Auto Knitter... . Baldwin L (7).. 1184 Balto & Ohio(§). Balto & Oh pt(4) 72 Bang & Ar pf(7). 101 Batnsdall A (2).° 266 Bayuk Clgar.... 40% Bethlehem Steel. 46 Beth Stl pf (7 116 % rove. Forelgn ’exchanges weak; French and Belgian francs -at reeord lows, Cotton easy; improved weather conditions. Sugar steady; European buying. Coffee higher; firrh cables. CHICAGO.—Wheat- lower; disa) pointing export demand. Corn higher; ““bullish- Government report. Cattle lower. Hogs steady. WALL STREET- BRIEFS. NEW YORK, July. 12 (#).—Florida borrowing eccupies an important place in the new financing schedule for this week. In connection with a $14,000,000 municipal improvemerit peogram, the city of Miami will be represented by am issue of $3,550,000 6 per cent bonds, maturing yerh]ly from’ 1929 to 1956. The bonds will be priced at par. Two bond issues, aggregating $2,187,000 will be offered far the city of Coral Gables. Eleven” important railroad com-. panies in May registered the largést gross revenues and operating income |} 1h their hjstory for that month, These were the Norfolk & Western, Chesa- f,e & Ohio, Missouri Pacific, high Valley, Jersey Central, Sea- board Air Line, Guit, 8obilé & Nor- thern, Gulf Coagt Llna. New York, Ontario & Western, “Monon” and the Norfolk Southern. A\‘qulduon of two additional pub-{' lk' utility properties, one at McKen-| Tenn.. and the other.at Murray, l\'v.. solidifies the territory ., now mserved by the Kentucky-Tennessee l.. Light & Power Co., a_subsidiary of the Associated Gas & Electric. brings the total of properties ae. quired in the last two vears in the Kentucky-Tennessee “zone to 45, in- cluding 19. municipal eleciric plants, 8 munjcipal water properties, 13 pri- ‘vately owned electric properties and 5 prh&bely owned ice and water com- panies. f Noyes & Jackson, members of the New York Stock Exchange, have pur- chased a minotity interest in the C. G. Spring and Bumper Co., a ware- corporation with plants in De- troit and Chicago.’ Application has been made to list the stock on the/| New York Curb Market, and it is expected that °trading . will com- mence_this week. is involved, but the brokers will offer privately a block of 27,000 shares: of stock. As a sequel to_the acquisition of the City of Paris Department Store in San Francisco. by B.sF. Schlesinger & Sons, operafing;a chain of depart: ment stores on the Pacific Coast, George H. Burr & Co., bankers, are preparing to offer an additional issue of the chain company's Somnia and preferred stock. The offering will be made in units of one share of pre- ferred and one of class “A” com- mon at a price to vield about 7 per cent. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY' ATLANTA, July 12.-The melon movement is .at its helxm shipments aggregating 60y cars a day. Prices are lower than in 1925, but lfl- pnul\fl melons. are: bring -§250 & car . 0. b, track in Georgia. MANCHESTE! tell & Sons, In nBiRctise N misges’ and children's shoes; moVed their plant from Warren, Me;. to this city, to take adyantage of _shipping facilities. PORTLAND, . Ore.—~THe = Cohanbia River lumber shipments for this year so far have totaled 616,755,000 Hoard feet, an increase of 19 per cent over the corresponding period of 1925. Of' ' this amount 269 ,383" feet was for export. NEW fibing ot a $150,000- plant| to manufacture lubricating 'oils. Thfl‘ 4s a new line for this concern.. The company plans to export 000 gallons of gasoline a, month “and has‘ contracts to ¢ $00,000, gallons of molasses a KANSAS ; CITY, ‘duly 12—Only’ 81, 072 head of. stocker and feeder, L were ipped _back 10 the cou from Kansas City marketiin m- ‘month. This was 3, fewer, tha! the ‘corresponding peri of last ynnt. CLEVELAND, July 12.—The Co. of Ohio now ‘is e men .and_is booked H.=AM. Schor Briggs Mg (3)...29% Bkin Edison (8), 141 Bkin-Mn Tr (8. 66 Bkin Un G(t11). 85% Brown Shoe (2), 30% Bur Add Ma (3). ‘Bush Terminal, . Bush Ter de (7). Butte Cop (50e) . Butte&Super(2). Calif Packing(8) 141% Petrol(2).. 34% Callahan Zing... 1% Calumiet& Ar(6). mum&fl(l&). Oln 10! Thl‘ Ctllt Cerre De P (‘). Certain-Teed (4 Chand-Cleve. [ Chi Chi & Alton'pt. . !K ! & East Il pf QI 'hi Great West. Chi Gr West pf... ‘ g‘“‘u’l!.l!?p‘ 184 CMN&StPptets 17% Chi & Nwa I).. ChiRI& Ofllkl’fl(.) Childs ($2.41 nmcop (3%). ler Corp(2) cnmur DPIA(8).*101 K cmv&mm(-w Coca-Cola (7)... 159 Collins & Ammn. £ | Cass & on enin). lms mn m 4 m This | Collins&Alk pf 7. mt\g.mm 103% ua% Iron 43% Col Fuel & Colo Southerh, /Col Gas & Bl Com Cred (2. 29 Congoleum-N... - 24% counu (5) 44 lgar o B S5 cannolnlnflln» Consol Gas Cont Can (16): Cont Mot (80c): ll[ 85 Mot ( Dela- [ Corn Prod (12%) Crucible Stl (5) Cuba Cane Sugar ‘Cuba Cane Su pf. Cuba Co [ Cuban: ' No'new financing{Cuban-Dom Suk. Cudahy Pkg (7). Cuyamel Fr (4). Davisoa Chy Del & Hud (9).. Del L& Wn (7) 148 Detrolt Bd (8) s 133% Dodge BrosClA 28% 40 Eastman (18) 113% Eaton Axle (2).5 AI'A Eisenlobr & Bro. Bl Auto LtC18%. “K Eleotric Boat. .. Refrig(12) ¢ muawnnun " BA% umnu P2 (7)) llfi% m 4 “ Fairbanics Famous an. “‘i. Pf [(3) Fed Min pt .o FrstNPilstt .¢}‘ lm P Rub! flcl-:hm in(t n Foundation ll)-, 102%° A (.4).. KL Fox lfllm ¢+ ” lll\i hml A(Mfl) - er Motor., , 4“4 43%. 96% 97N (6).. 102%:1 475 164% 166 164% 166 HEEL G (3%). Hn»qm .. Itiinots Cen (1) Inep Ol (D)., {an Refining: figazg‘nfi g = & §= ; ;288 Tothten ptch 20 n 3504 | T Mor Mog ot g&z&iflii 124 12% 345 34% | Int T lll§ 184% | Kennecott (41... lll Klnn'] pt (l)... Liggett & M (14) 83% Lig&MB (14).. ;Al"l Tne (). ) 24 24 187 187 824 ) 120% 121% SE s s’;’:;‘.f : 555 gogss - Fase a 2z o S * 93% per p ot Tt &Fa1 () 15218 lm 1224 mu &Telog rts. 1% % 834% 112% 112% 108 9% 90% Asso DG 2d (7). 1084 5 Marland O1] (4). ‘:“3;“ l'urllnlnl—ks:) n-ynnt t (5) mu 43%.°43% 434 | Maytag Co (8).. 21 3 umnaw: 9). uu i N ariaie States. 26| Midiand pf(111). uo ’ Wi Min B P A BEM. 244 : ”‘ *| Mullins Bedy ... 33 33 | Munsingwr (8) ik, HK Murray Hody. . Dlll"(l) 1‘; Nnm tores. 1 Nat Distillers. Ny 48% % 1 180" 18% ‘ NY Air Brake(2) 40% N Y Atrbrake rts 2% NY,Ca i N Central ( tL of (8) 1064 5% m Nosth A (B3, 8% th Am pl(l). i7% 17| Nortn Pac ( T orali 806), m B4% B4% Oflw “’fl ¢ RS 574 814 om b o = i Ton 8% 80%. 16% 8 |patona L% Pap-. . Pll-Am'(l) » 73% A Pnn»Amm(l): 9% 66% | P-.rkunh (800) b Pathe Bx (08). .. Penick & Ford. ,<u 61 (6% 85 29 7 30% 2% 28 A1, 4T et Plercs0t.. dow 38 wws | Pleres Ol cienss wh Hnnn(xfloddfl 42% 143% 143 ‘1484 “)‘“" 105, 183% '188% l“’i % 1 NY ulfilu‘afl!) 181% NYC&S! ll‘ ll\i l“ “lfi 1881 131% 181% 181% Postum 06 84% 29% 28% & 33 113* us 29% ies 84%, 1é % «88% 374 87 46% :v“n"’ % 44 4w m lfli x}m;l 5" us 1fl ' sz !: Southwest. u mndn s Sesrs-| 102% 101% 1013 ' Robt Rels & Co. . Royal D(a1.389) “Batety Cable () | B2% L. 41 lflmh (! g “:‘. Gmmm“ ). Alh lfl% fl.m H new s g.;;:t:a o 28% | -were the * | study of tl 4 | scale the Interborough was f 24 24 136% 137 | 82% 834 119% 119% 8% | Unadrwood (4).. 544 biw Un Paper. 484 ¢9 BY GEORGE T. uw-m\ .li‘l um 10 The Star. i< NEW YORK, July 12.—Junior rails ‘|And the focal tractions - were the | %| featurgs in the bond market at'the on-nni. of the week. .The general list was steady to firm, no concern being manifest over the wp«uu higher money. Timeé funds nnmr. but it was ‘without omut on Aotivity, however, eonwr\d afound tho higher-yielding % | descriptions. In the railroad group, the leaders Erle bonds, all of Wwhich were taken in large blocks at'the highs of the movement. Probably ex- pectation that the ne merger plan would be ‘a] 2o mnnu ml Argontine 7s A [ ..., of Chile of Japan im Cl ldm (1] enSeSes 2eg8gsss 95 94 o 10 104% 104% 2 101% 101% l.ll 8.104% 104% the factor in' the buying of the brlo Coj obligations. But other railway issues: Where there was no. such mflnmw Ceesh were _streng also. Chicago . W-urn 48, for example, sold ubw. 70 and at approximately the highest the year. nterest on local tractions rested with the Interbordugh issues, all of ¥ | which went_higher on the .improve- ment in the strike situation, and on Wall Street, bellef, gathered from a company’ rike sta ments, that under the present w"lr gonably good clal conditio Ine the huhm lo mvflmo"} list, Kansas City were in unusually nod demud -Ill.n( hl(hn than at any time last week. Souther: Pacific refunding 4s were u? meuon- b A .‘mm'.m"i iry £ "% r‘ii's': Inqul or Chocolate 538. UnlM lmn Govern- ment t-un were {rregu “ '“.l'fi ‘were well su oz!mhmwnl the rvnvmd m and 'Belgian excl Mtur--uunA m-n?mrun iasue, which at 103 was at a record active, but frac- ew_ issues il 650,000 Clly of Miam from 1929 to 1956, (ncl\lltw at g price qf par for all mateurities, the off syndicate Cm Gables Gl4s and 6s, with % | maturities, the ‘348 to vield 5.80 per uent and the 6s to return 6 per cent, both by a groun h«md by the Cen- | Peru 7 tury Trust Co. of Baltim Other new o«qrmn lnc!ud.d $2,250,- 000 In Gas Utllities Co, bs, due 1946, 10 yleld 5.40 per cent, by Forbes l -Co., and ‘1. 000 Ch! South Shore and South B‘nfl equipments at-prices to yleld q,uc:a 5.75 per cent, by Halsey, Stuart & GERMAN (Quoted 1n g %u (w IQ ) nup_ r m %g;—;: AND STOCKS. ver milliof marks.) 85 a0 1w, u:u xfi? hri TranscontOfl... 3% 5% 5i% B4w 484 4 97 i 964 169% 160% 159 159 68% B8%: 58 116 114 118 114 228% 280% 227 107% 10734 107% 1074 57 87— 6B % BA% 80% 61%' 60% 60% 604 58% 107% 107% 1074 403 40w 8 48% ' 4816 48% g seusifas t34 B 5223 sstesy $ E] igss s§isugx 53 7 g b+ 41 £ '3 sEEECEENsE 258 i o H 19 0% 23 102% 102% 411024 101% 1 Panfsh Munie S8 A 2 111% 11F 111 milh Munfc §s B. l° 111% :111% 311% Denm: 104% 1044 104% h Dutch hll l 8s ll 24 Finland s 65 45, Finland 7 %| Fla EC 74 new. 13 o7 1 101% 101% 101% 2: 101 100% 101% 13 88 85% 8 1 102% 102% 102% 5 101% 101% 101% | Queen: thnlln Un 7s. 1 Rio de Jan ¥s 1946 0y 98% 10 831% 87% 10 92% 924 ¥ 6 104 108% 108% 16 104% 104! 8 114% 114 12 95 84 74 l lm 118% 118% 104% 104% 10 Toow "Sers ‘o] mo pae g g2 2g 53 = 34 532 07H | 102% 102% 102% 103% 102% 103y |, 93% 3% 4 ; = %5 o g £ :gi; w 14 19 108% % 16 108 107% 108 (3 n’l&uu 184 1, T16% 115% 84% Dk 8% 1 102% 102% 1084 2 |fl% Ifl% l“‘ Cen: Paisifie 48 2 Cent Pac Ilt‘ll “.. 1. IN\G INK l“!: Ches & O 0 ) o (92K 92 924 92% 92% ' 92% 9% 70% 53% 82% 2% 52% 8% 944 .58% 3% 108% 87 87 1124 112% 107% 107% 2% 12% 8% 87% CM&StPr4%s ef14 11 M&StP gn A% & st predy | Were given considerable " 10106 103 9% 6% 5% 95% 1094 109% lIT 112% lfl\i l“!fi 100% 1124 105% Del & Hud ev 65 35. IH Del & Hud 5%s. % | Den & Rio G en 4s D Rio G Wesc §s. Erie1st cons % Bri 2% 7 76% Y% 8L% 84y 110 110 110 110 99% 99% 994 99% 107% 107% 116% 113% 106% 108% 13 13 % 96 96% 7 97 8i% “81% reey Erie Genessee R 3% 75 96 Int & G Nor 15t % 10 Int & G Nor ad Towa Cent 18t b 3% 8% 8% % 990% l.‘\i 1064 6% 67 ll liu n'/a m !.K ”K 103 103% 6% “86% % IE\ lllh/l.lh 103 103 20 99 o8% .. 80 106% 106% 106% 11 106% 106% 106% T1oeow 60% 60w + 5 100% 100% 100% | ll 100t 100% 1004 3 884 B8% 88% 14 964 S8% 9G4 11 103% 104% 1044 3107 100% 106% %lA. 83 108% 103% 103% B, €104 104 104 /3 163U 102% 109% 4 Té% 4% T4u 1 68k 63k 684 l 104% 104% 108% 204 . 28% 4% 4% T 85% M 9% 5 106K 106 106% 6% 86k 86w 3 o‘m 974 9Ty 1 101% 101% 4 m ns 13 - 20 107% 107% 107% 2 87% 814 87% 271024 1021 1024 < L 101% 101% 1014 954 98% 8% MY 81 91k 98% % ‘BEA 88w i 1% Nn 0 CHICAQO, July 12.~Influenced by a bearish construction of the Gov- ernment orop report, wheat prices averaged lower today in . the early deallugs. = | - Starting at ‘1 cent decline to % cent advance, wheat rallied all around to sbove Murdly‘- finish, but then sagged again. Corn dis- played notable strength, opening 1 cent to 1%’ eents higher and later reacting somewhat. = Oats sympa- thized with corm. Provisions were Although nulm!nud at times, of- torings of passed , ¥ ngs of wheat apparently into -tr?u‘ hlnd- ‘whenever the mar- ket d High temperatures in the Northwest attracted the atten- tion of buyers and it was pointed out that the low condition of Spring wheat necessitates the best of weather from now on to prevent heavy loases.” Reports of black rust in Canada potice by Wwheat traders. A report from one observer who has traveled a hundred miles in Man- ftoba says rust is in evidence on the lower leaves'of about half the fields, and are a source of dlnnr it the weather turns hot and humid. %%?_ -fix'*fia o A B B k?A 18 GRAIN-AND PRODUCE. ALTIMORE, July 12 (Special).— New potatoes, barrel, 1.50a4.00; beans, bushel, 50a90; beets, 100, 3.00a4.00; cabbage, hamper, 25a50; cdrrots, 100, 2.00a6.00; corn, bushel, 1.00a2.00; cu- Gumbers, hamper, 1.00a1.50; eggplants, cral G0a teriibe: pteriiber ?‘m crate, rlpv. 1.0pal. W‘ Apples—Barrel, al.25; blackberris raspberries, pint .8d12; blackberries, 2‘“0‘;‘0 10-15. 'lltrmtlalll. 100, 25.00 SolflncPrleuuNua. Wheat—No. 2 red Winter, domes- tie, spot, no quauuon. No. 2 red ‘Winter, garlicky, spot, 1.41 NS. 2 red Wi lzn .mk‘k" WTI‘J’Y— 2 nter, garlicky, 1.40%; No. 3, 1.37%: No. 3 No. l‘ld%uhll' lots n(l nn:by a ':hlrl .80l a range of 1,18 to 1. r bmhel o % rn—Domestic, No. 2 yellow, 85a uu per bushel in el.rlo‘d lots; No. 2, :got .xpon 82; No. 3, spot, export, Sale—Cargo No. 1 mixed at wharf l s—No. 2, 49 per bushel; No. 3, Rye—D) No. 2, Ha, The demand for hay centered on the better mdn of tim- othy and clover mixed and No. 1 clover. The medium and poorest grades are in ample supply, with very little outlet for common hay at any price. Quotations, per ton, today: No. 2 timothy, 26.00a26.50; No. 3 timothy, 23.00a24.00; No. 1 light clover mlxfll 25.00a25.50; No. 2 clover mixed, 23.| 24.00; No. 2. clover, 20.00821.00. traw—No. 1 wheat, 13.50a14.00; No. 1 oat, 14.00a14.50. AR E RIS CHICAGO LIVE STOCK MARKET ogs—I 40,000 3 able blfi@cflwmnlvlnm 240 DMIMI downward and packing sows active; olhe;[nl most early Illfim‘ ateady at ul y average; packers doing little; Mdding 10 t0° 15 lower than early: bulk desirable 160 to 190 pound weight, 14.10a14.25 most 220 to 300 ponud butchers, 13.10a14.10; most packing sows, 11, 2“116- sirable light_kind o g}l count up to"11.75 or lll‘hl abo moul lhulh(ar plt! 13.50a14.¢ 14, ht‘hsfl 12 'li ) yield 4. DANK PQBUBATIUN /| GOMES QUT TODAY Building in South Maintain- ing Record Pace—Wast- ington Activity Drops. BY. EDWARD €, STONE. “Dollars and Sense,” the official pub- lication of Washington Chapter, Amers ican Institute of Banking, made its ap- pearance today and arvused very fa vorable comment. It is edited by past editors of the same publication, includ- ing lois A. White, Norman E. Tow- son, Willlam M. Rankin, George Shis- ler'and H. M. Turner. 'The business Van . H. neille 'as circulation manager. booklet contains pictures and xkelchu of R. Jesse Chaney, retiring president, and T. Hunton Leith, new president of the local chapter; also sketches of Howard Moran, president of the Dis- trict Bankers' Association, and of Francis G. Addison, jr., retiring head of the same organization. Harry V. t of the Washington Clearing House Assoclation, is also in- cluded in the Hall of Fame. There are many other timely ar- ticles and featur ‘The winners of the recent essay contest IDD-J‘.TV;J— i e grad: -| and the amount of advertising attests to much hustling on the part of the business manager and his assoclates. One of the most interesting articles in the book takes up the history of the local chapter, written by E. J. Mc Quade, vice president of of the Liberty National Bank, and a former Insti- tute president. The whole staff de- serves hearty congratulations. Local Building Permits Drop. ) { ‘While Washington buflding permius * during the first six months of the present year showed a slight decline over the same period in 1925, the 16 Southern States registered a gain of almost 10 per cent for the half year, setting a new mark for all time of $436,200,423 for the period, according to records compiled by an investment bond house. The half year total for the National Capital last year was $35,975,848, and for this year $34,846, - 115. Figures for the 16 States show that every semi-annual period since 1924 has revealed an increase in permits. In announcing the increase G. L. Mfller & Co. says the gains for the South would have been more pro- nounced hadl the comparison been confined to 12 Southern States, for each of the border States from Mary- lapd to Missouri had considerable losses. For the States from Virginia to Texas the gain was 21.4 per cent. Florida ranked first among the States, leading Texas where an extra large amount of building is now being car- ried on. Mississippi ranked first in percentage of gain. Contrary to pop- ular belief, the report says, there has been no apperent lessening of con- struction in Florida, where permits exceeded $115,000,000, against about $87,000,000 in 1926. Gas Light Stock Active. Prices. on the Washington ‘Exchange started the week about where they left off Friday. The leader was Washington Gas Light, which registered an 87-share turnover Stock ;| at 69%, off an eighth of a point from the high of last week. Two sales totaling 150 shares were made in National Mortgage & Investment pre- ferred at 8%, a gain of an eighth of a t over the last sale. Poto- lectric Power Preferred Interim out ll $8% and 7 shnm of Riggs National nk stock sold at 462. Bonds were fairly aetive at un- changed prices. Farm Loan Bonds Offered. C. F. Childs & Co., are offering $500.- 000 . Vi lina Joint Stock Land Bank 5% farm loan bonds. The bonds are dated May 1, 1926, re- deemable, May 1, 1936, and are due May 1, They are tax-exempt and are priced at 103% and interest to per cent to redeemable date and § per cent thereafter, An analy- sis of Virginia Carolina Joint Stock Land Bank loans.as of May 31, 19 shows 1,240 loans aggregating 400, as against an appraised value of farms mortgaged of $12,948,680. Farm loan bonds outstanding June 2§, 1926, totaled $4,760,000. Many Bankers on Vacations. Ezra Gould, president of the Wash- ington Mechanics Bank, and Mrs. Gould are on a 10-day motor trip to | Atlantic City. John Poole, mldnnt of the Fed- eral-American National Bank, is on ;‘_ two-v;uk mom' trip through New ngland. John M. Riordon, cashiér of the Bank of Commerce and Savings, is visiting in Virginia, one of his stops being at Skyland, which is located in no | the heart of the Shenandoah National : bulk to puk- ©1200a12.50; ounmn upward to M) * Bheep—] ‘Recelpts, % 4% | 1ambe 26 to 80 lower: practioally noth: eeD | on his vacation tomorrow. Franeis 9% lor‘w-ok Ending July 10 Total m:w mfix. July lwmh n ex- 485 iidl,' " Shipments Were 1,818,000 Bu. Exports of grain from the United States for the week ending July 10, |leaf ! hlalorund * | sound Park section. Howard Moran, ‘vice president of the American Security and Trust Co., l}ukboen passing a few days in New ork. * . H, P. Hoskinson, E. M. Amick and Frank G. Burroughs of the Riggs Na- tional Bank are taking their annual 3§ secretary . Savage, president of the Central | uvlnx- mk, ‘with Mrs. S8av- age, is at York Harbor, Me, for an extended visit. PR S MARYLAND TOBACCO. BALTIKORE July 12 (Special). ‘With recel 5 hogsheads and sales of b f" og-hmu the Maryland obacco market ruled active last M for dl but tha poorest quality Seconds sold up to 40 cents, and all good grades of firm leaf were some- m: T, Oflm rains last week, pros- pects !oefilo growing crop are report- d _excellent Stalks in State tobacco warehouses 03.}' tflhhd 4,030 hogsheads. land prices pcr 100 pounds— frosted, firm leaf, 3as: "comimon _and’ greenish, 9814: good common, 10a24; mod!um. 25834 mwnmud.mn fancy, 62; sec ey, YORK, July 13 (P)—The Bragilian Traction, t and Power nmmm.t& nét. income e S e | nmnm #’ onds, common_to medium, 6a20; sec- onds, good to flnfi 21a40; upper coun- aircured, 7436; ground leaves nominal: —————— FISHER'S PRICE INDEX. BW HAVEN, July 13 (Special) - Prices, 150 8§-10; punhnlu power, 86 3-10; cr\-mp-. ;. Irving Mor- numal- [ 4 / f |