Evening Star Newspaper, July 14, 1926, Page 30

| STELAONITRS ey v srock | INESHENT NI == BONDS i) i e e AR I ARELEADERSAGAN e e o s o 1D SANTONFRY Y. E. Booker & Co. New In- ¢ era—Good Deal of Sell- | dnduses:is i vestment House Will Open : ing Is Going On. e I TR T ; . Tomorrow. Amerada (2).... 30% .30% 20% 80 8% 18w ash 18k 62 (63 62 68 ‘l: 01= 1016 JLIb 4th 4% 106 102 21 102 19 102 U 1 10122 101 22 10122 US 48 1 81046 - UBS4KnE3. 76 1086 1086 FEeafiagel =§i BRrEANIRE Y PRERORRRR g 18 80% 3 general 89 97% 9% 97%| of er: BY EDWARD C. STONE. 16 118 117% 117% . It was learned e ned today that ‘the fine- 3% 88% | 8000 dp i _general fllnl:’ looking front and the interlor decora- 0-'!“ o mmnlnl'd!(mlfl l“"'"‘"l ' | tions of the o0ld “Merchants’ Bank In o “g"“'"n'l“‘ upgrade. Provisions | the fourteen hundred block of G street were firm. will soon make their appearance in a ¢ e BT e e ua. | "eW bank building in Staunton, Va. erable o 1| G. G. Loehler, a Washington contract- or and builder, made the purchase for 4 the Planters; Bank of Staunton; the *lm trade leaders well known landmark has just been BY STUART P. WEST. k N Special Dispatch to The Star, . 1 S‘ 41 & 41 NEW YORK, July 14—The two : big stocks commonly identied with | Am Bosch. 21% 21% 20W the Morgan name, ~General Motors fi"' Brake Sh(6) 12:% 122% lm l:!"‘ and United States Steel, again played 40% 41% B on the principal role in, the market to- |- 6% 56% day. General Motors, under another | powerful buying wave, ‘was carried | into new high ground. United States Steel did not reach its previous top est 8 pf (1) 1 figures, but it did not'come far from [ 4™ D T T TW TG TRRRRE (D) 118 1 doing 80. 128 128% 125 ' 125 | CTeOR Under.this leadership operations | Am& For Pow.. 21§ 224 208 _ SA| Guig ade & Nor. . for the' rise-were resumed’ insomo| AM&FORRII) . 90 . 0 | Guit Btates 8 (5) other directions. but without becom- | {1 T8 & Lens : Y ; ing at ail gemeral. - It looked as If a | AMIUdS AT 41 AR good deal of selling was going on under | o ). cover of the strength in the few big stocks and this_selling began to tell as the day, went on. ¥ e Copper and smelting stocks “were 76 118 11T belped by .a~further raising of copper | 47 16 )Wl 18 LT ¥ metal prices. - At 141, copper was| tH etals (4)... 64 . e 5 Hadeon Mot ’6) Up % of a cent on the pound from | Am PoLt(sl). 6T €48 . (0¥ | gUD “‘"lt Where-it had been selling for"a long | A Radiator (1) 109% 110 109 10, . time previous to o few days ago.| 4™ Safety R (3) L 5;& e Anaconda at one stage galnied a point, | A™ ShIR& Com. 8% 0w 106K T but it appeared to_be meeting a lot| AT S & Ret ¢7) 1304 T T L OF Stock os the 50 level WAS OP:|Am Buutf(13).. 188, 129% 138 120% Cerro de Pasco ran up nearly a point :"‘:;lm @) g% gfl g\fi :;: and fractional rains occurred in low- A“E gar (| 7y priced jssyes;.like Nevada Consolidat- "'!"!"Df ki Interurb Rap Tr. ed, Ray Consolidated and Butte and :" “;"-Mch 26 Intcontl Rub(1): Superior. { | Arfiérican Smelting was| m Tel &Ca (5). 27 2 int Bus Ma (3) not 88 prothingnt as it had been on (Am Tel® Tel(s) 1424 142 % | Int Cement (4).. other days. .- ATela Telogrts 6% % 84 SW|IntCom Eng (3) S of th#igther motors were af- | Am Tibacco (8). 119% 120, 118% l“” Int Harvatr(8). . fected by thesrise in Generai Motors, | Am Tobao B (8). 118% 119 118% }" Inter Har pf (7). But on the whole it was not to be said :"' Tobac pf (6) 111 ey | [tMtch DE(3.20) " 65% that General Mptars.was pulling the | Am Wa Woe1.20 621 % 35| Int Mer Marpt, . 86% Test of thetoup along with it. Mack | Am Woolen..... 24 24 22% 30 | Int Nickel 2) Trucks had @ run-up and Dodge | Am Wool pf m\ 2% 1% AT0K ‘13: Int Paper (2)... Brothers A stood out with @ rise of | Am WritPapt.X 1% 1W"41% 1| (nt Papert (1), over a point as it struck 30. The|Am WritPactfs 1 - 1 ;“ 3| It Tel & Tal (6) buying in Dodge was looking forward - % sie zais| Int T&Telex rts. to publication of some .highly favor- 20 7% Intertype t11%) able earnings figure® for the first six | A 4 < months of the year. rcher-Danlels. Stocks like Willys-Overland and | Armour of HI(A) Plerce-Arrow were - not influenced, | Armonr of II(B) Fisher Body.followed General Motors, | Arnold Con (n). as usual; and a further advance took | Artloom (3) 5 place in Stewart Warner. Hudson Motors was active, but it acted ,\'erz moderately as compared with the way it did in‘the big rise last Autumn. 20% ‘ennecott (4) : 2% 43% Markets ‘at a Glance : Tl P fas Ta i $2 12 12 . 12 .| Lehigh Val(3%) NEW YORK (P).—Stock steady; ; Leh&iMnk stf several copper issues reach 1926 highs. | Baldwin L 767218 116% 116% | Fire Sav u,..‘,"). Bonds irregular; French and Belgian | Balto & Oblo o 9% 97% | Ligpetr & M (14) 83% obligations recover. Foreign _ex- | Balto & Oh pf(4)::78%. . 738 73% 34| L1z & M B (1)= changes miked; Belgian francs rally. | Barnsdall A (2). Xgp 26% 26%| Losw's Tne (2)..' Coffon lawer; better weather. Sugar | Barnsdall B (2). P 3 Laft . ™ easy: poor kpot demand. Coffee steady; | Beech-Nut (13).. 59% : %n-n A@. wh edw trade buying. Belding Bros(3), 30% 5 Wiles. ... 128% CHICAGO.—Wheat higher; unfavor- | Bethlebem Steel. 45 4 , Loose W 1st (7). 1164 116% 116% able Northwest. crop reports. Corn | Beth Stipt (7). B Loose W 34 (T) < Shore 41 31 barely steady; bearish weekly weather| Bloomingdale... 81 81 39% 39 398 Tehigh Val 58 2008, 4 ul - | ¥.“E. Booker & Co,, Washington's * report.. Cattle steady. H higher. |Bloomingdle pf 7 1074 107 5 o : i newest, banking and’ investmient firm, Bsnh Fisheri: 6% 7 2 : T 6% 25 25% ‘78 3 105 : will open for business tomorrow, with e | Briggs Mtg 3).. 20 20 ‘Efi * 187 | 30 fi 79%.¢ 73 offices at. 1508 H ' street northwest. HARDWARE TRADE-GOOD. | Bxin Edison (3). 143% 144 | Ludlum Steel ( g,f'g‘ o JendZ fet o% 78 . o The mew flrm partners dPe Y. E. - Bkin-Mn Tr (4). 65 66 R 0 4 | 1 . Booker and George H. Myers, former agrr— Bkin UnG(t11). 85K 85% 4 3 members® of the firm' ‘of Crane, Collection Reported Fair and Third | Brown Shoe (2). 81 | Mack [ Parris & Co. w. 2 Brunswick Tar. 12 . 12 | Mack Rist (7). 1 e T o ey it Quarter Outlook Is Bright.- Buff Roch& P(4). 71% 85 ok Tk 94 pf (‘ :“ mm with the ‘:‘m o u;:.;: NEW YORK., July 14 (Special)— | BuLRED of (¢ 98 #Summer hardware merchandise is gm"‘.l'.' ‘))' .:V' moving more actively- in _the .im- a“:u 'r.mh(.l . portant’ iarket <enteps]’ ~Hardware | Bash ToREA. - Age will say tomorrow in its week- B 1600 iy hardware market summary, “The | Butte Cop I50e): outlook -gor the third quarter. is | BUttesS ey i considered very encouraging. ~With | BaCSTRR: the” exception of a ble ncar(qn ¥. it . g voiBionte: % in building activities, prominent | Calif Packing(8) 1 Martin-Pa 8 hardware factors belleve -business | Calif Petrol(2).. 33 33% ) e s . oy 3 8t (5). 118 118 % 23% b g - o = sapsissny sgieanpentynany 3538 Eessnsaietay - | torn . down to furnish part of the §u=§= for a new office building and -3 3 ® 51% 564 85% 0% 20 95 9% 95 e the materials are their wa 10 104% 104% 104% | 52% B2% gt is still a question whether everybody |to the new home 1:0:1;:1"\(3.‘ rln“;‘t’»’s . & B8% ol 3% | ern: fan b2% 3% 33 335 s5afe-gesf unagpeseey 38 (1] 9 101% 101% 101% ise s, wrong and_the Canadian gov- | day this building had one of the most 13 uunmm eorre:}.'_' H&m ::‘tl that Mmlvehhank fwnts in the city: onding mate e the price’ paid f - 3 er'-x:m‘_ e price paid for the mate rest. repsE last 50,000,000 bushels | rials is not announced, it is dered 54 == 0o us compared’ wifh the final | that Mr. !..é)ehlernn“nde e ever o B8% harvi ¥ move in obtaining them, as it is al, 103% 108% 108% | Private crop reports today from both | ways necessary to make some sacril 1121 1124 112% | sides of the Canadian boundary were |fice in such sales., The front was of bagen 5% 99% | o €0 78 72% 72%|pessimistic. A widely recognized | limestone, with marble columns at the 38, 1% "9 814 §7% 87| expert, telegraphing _from . Sas-|entrance. The vestibule, included in 7348 rots... 16°100 00 90% 90% '90% | katchewan, ~Sask., said rains nr: the purchase, had bronze grills, hand- I 7 102% 97 97 97 |Deeded at once over e wide area of | some fixtures, marble floor, vauit door, 11024 “z ‘:‘“‘ Canada. e wenTa; cenmlenlble ‘French plate A 8 3 , . | glass. ie same style of architecture [ 8 104% 104'°104% L2 lgu ::;fi 488 14 2 froate e ngton visitors to Staun, - % 1 g . 4.,, much interested in seeing’ DEISUeMRTI: 18 1046 108% 103% gl Bl 33 the old landmark in its new surrouny. v 964 96k 96% ings. S8 95 06% v b Directors Declare Dividends. 109% 109% 109% i ¥ i b 4 At the regular monthly meeting of sEgmEsiEy £ 3t-p30E %3 i LE L 2 siessgiteny o 4 PaSman 2288 1186 112% 118% the board of directors of the Union 3 105 108% 103K :8& {:fia 1841 | Finance Co.; held at noon today, a 1 bt 108 1.11% | quarterly diviend of 2 per cent was e 238 §532 . declared upon the outstanding: pre- NEw KINDS oF conou ferred stock and 10 cents per share on the common stock, payable to stockholders of record' on June 30. FOUND BY EXPERTS This dividend is the twenty-fourth consecutive quarterly dividend’ which 84 83N & the company has paid. :a:: }%: ::z: - n'rms company, starting in business x ‘years ago, has made but few o 90 oow| Government Agents Find. Rubber | ol Jel™h, 16" ofcers, W, M. Ward 07% 107% 107% Can Be Produced From having held the office of” president 115% 116% 113%] since its organization. He has been 100% 100% 100% Hevea, or Para Tree. ably assisted in the management by :m ::g: :::: Xb’ulwn Brayshaw, vice president . Hurst, secretary; A. M. Rotl 19% 19% 19% | By the A-bdl: Press. & i u-anur:r, anld Lee D. Latimer, chai Discovery -of several new types of | man of real estate appraisal' com- cotton is reported by:a group of P ndustry experts bt 5 5200522353 penngng nen g, Ornnpeliges f e £ 1 Bu- | mittee; additional directors being ‘who | James M. Place, Francis W. Hill, jr.; Sefton Darr and L. Morgan Johnston. The company’'s activities are con- fined exclusively to the purchase of real estate mortgages in the District of Columbia, President Ward point- ed out to the directors today that in/ addition to the dividends paid each to | quarter, the company has set aside a considerable fund as surplus and undivided profits. New Banking House- Opens. LK - 88 ~285Rpe-NNEl.StnuducanBani® 13 1014 101 o & Min od 6. 16 1014 101 eyl o) Int Rap Trés stpd. Int Rap Tran 6s... 3338 825 -gg!.‘! *3 H Egeragelass E i it cern. s Mr. Booker was_ ‘formerly a- local néwspaper man and he. starts out as head of the investment banking com- pany with the best wishes of his newspaper friends and his many banking associates in the financial district. He. is one of the younger financiers in- the city and his rapid advancement’ has been due to marked ability. e b i - 2 ® - = Am Of (4). b 8% X ‘Am Repub deb - 100 100 100 Marlin Rock (2). 30% 30% 0% Cal 3! AmSmit&R 1st§s 16 :fll!fi iul‘ :0.:% o = i - ifi.—o X & ° = 4 for the next three months will equal | Calumet& Ar(6). 9% 70 the volume of the same period of | Calume&H(1%). 15 15 15 15 ° ytag Co (2).. 1884 teaG pe(1.88). cican Seabd.. 10 ' Prices Stéady on Local Board n“‘ ::“ Uk ! ington Stock E‘:m::nto?n“c;;m; 109% 103 b % restricted volume of trading. Po- e tomac Flectric Power Preferred came 8% 7 8% » out at 10835, the samie company's in- i -y ington Rail R0 Bheitrid vearorved . » n < lway lc prefe: 1013 10135 1014 | Domertment, of tefre).—HOKS— | 40jq at 88% and 100 shares of Na- . | tional Mortgage and Investment pre- ferred hands at 8%. Ten shares of Riggs National Bank stock 462 and 15 shares of Conti- nental Trust Co. sold at 91. - Bonds ' ‘Convention Great Success. . The Washington delegates to the convention of the American: Institute 1926. “Collections average fair thoughout the hardware. industry: Jobbers in ¢arious cities repért an increased number of single orders and say that @& majority of orders are somewhat larger than they have been 68% (2). in the past month. 6 48 Mis Kan B Tex . 88 “Themradwme.k&;.n pfl;e mmpe;l g:::a-m-:.m. gu ;;’6 . g‘ox.rfl ). tion repo; on bu sash cord ani d.Cle . @ few builders’ hardware specialties, | Ches & Ob (112). 144% 144% 142 142% otherwise prices are faifly even and % 8% 8% firm. The -present price competition n'-'r;l the items mentioned may Rot eon- ue.” o K N% 9% 64 94K 9% 94k 103 103 108 100% 100% 100% & - BB wROmASD £ L £ 100K 100% 100K 2 98 ,u“ % i i EE R . H T B ¥ £ INTERNATIONAL PHONE. B bemsde Inter. | Chi & Nwa (4).. 74 narional Tolepons And Telegraph Co, | Ghi& Nw ot (7). 1381 1283 1290 125% Teports net income of $1,321246 for | Chi Prea (6).. 1o 14T 1 B the first quarter this year after taxes, ~ reforred | CR I& P pt (8). i 88y Efi’ ‘12 ‘Nat Biscuit 8® §'s'{‘ ® H fyes H i 3 FHEL g H £ ! Seiine *w 3 & S i B ! g, § S5 pd EH ‘fi = g e H g Typig= apnng i ° a3 i BEF 8 ! i H gigze Bangt 2 %3 S-E&:zgszsss sfsa ¥ g i LRRI2RNY 330 5538 s 8 8288 £83 | 835 g M packing sows, 11 slaughter pigs, 13.75 to 14.50. Cattle—Receipts, 10,000 head; about steady; slow; | rived. depreciation, interest and i dividends over subsidiaries, equal to | Childs (32.40).. $3.55 a share on 393,917 shares of Cop (344) v stock, against $561,520, or $3.06 a 5 L iy share on 179,950 shares of i o o 5% josst g2 d : i common stock in the first quarter of 1925. Collino & Afkmi. 46% 48% ALLIS-CHALMERS ORD! Collins&Afkpf 7. 106 106% 1054 105% . NEW YORK, July 14 UP).—Unflled Troi;c 48 44K 48W A% orders of Allis-Chalmers Manufactur- Carbon ing Co. as of June 30 aggregated $12,- 866,000, against $10,787,000 on March 1 and $9,668,730 a year ago. : e, sl FOREIGN EXCHANGE. (Qiibtations furnished by W. B. Hibbs & Co.) ] . iyl ‘}‘{o'n.llinl\ Selling checks ;isggg L& st i 1 - s * sEzeagese sgfzrggesss -2 i ; f police L not having a good ington chapter din- women _delegates, FHotel roof tonight. = Weather cooler ;| than Washington, D. C.” Telephone Earnings Gain. American Telephone and Telegraph 11Co. had net income of $55,917,345 for the first half of 1926 after taxes® charges, equal to $6.05 a share on average shares ou during the period, against §52,314,128, or $5.80 a share; in the first half of 1926. The amount of stock outstand- ing in the last half of the year will be substantially increased by the com- 's . issue of $154,000,000 of new payable from August 2. iy Bgzgasisgisseginze o gi $ HER 53 5 gegdss o £ ] F RO £ 38reu0y 2 i =5 fEum i £ 21 ! - Ercusiey o B £ 3 P i i eETes 3 § P ss3e3gsszsianisage: t4 z8zgzazizst i ggaa ! 2 & i s gagte § i 2, = g2zd sk 5% i i i 2 i RSo §3 segiie=Saznagt . 3 & 1~ 5755ss weasys v 5 3= 55523 §Eez3s g 255 dagacaa i £ ® ) ) S * § R gg 2 j Ig SrasE /.z-is 2 588 veesyE v zEgs 52 % the Washingt: Building. = The ywhs Lo o D»%r-:vv YORK; July 14 UP).—Forelgn| pe; & & .¥xchanges,_ irregular. Quotations (in 7 rents): Great Britain, demand, 4 3 les, 486 7-16; 80 Frange, demand, 2.68%; cables, 415, Italy,’ demand, 3.39%; cables, [’ L Bd0%. Demand: Belgium, 2.33%; Germany, 23.80; Holland, 40.13; Norway, 21.89; Bweden, 26.77; Denmark, 26. 19.96%; Spain, 15.86%: Greece, | d, 10.00;»Czechoslovakia, 13 = iy %&-"Efi“*fi’i”’iifi = 3 st 5 s33EEiashage EH g £ F583535 SREESE 450 e B R ety SHORT TERM SECURITIES. oy (Quotations>furnished by ‘Redmond, & Co.) % d. " Offer. | Eléa P& L pf! Eleo ] sSgeEesy ynEesyy gpsit “There is no one 8o lable to’ with others @8 be Who i§