Evening Star Newspaper, July 15, 1926, Page 30

o ,,‘.,éfruxfitrxr;' N i et G 4 W VORE STOCK Txeaanay 1 Pk pe 0NN | : ND————— some T T T Tl B e NNUEHENY, s esssnmineans| SIONS HUGE GAN A ey oy 10w Ton e s ra : : ; | Tm ; 3 1 , h\r!}afi_-gndthd«- Er 5 ninagy NIERORD. | o ommemt Repert. . 1420,793,508.11 Net in 1925, Against $16,319,689.62 In 1924, Is Reported Todav. . excess of BY . o EOWARD C. STONE. WM"”‘W - Net. corporate. income of the Bal- t, but quickly went |timore and Ohlo 7 increased m‘hm oatss and to $20,793,508.11 for the year ‘ended Depember. 31, 1925, ‘the annual re- port, made public , $hows. The net gorporate po income in 1924 was et income from, rail : JTHeAt | n 1025 was $43,034,081. <18 1w TR 1% good | e 323784 930.¢ - | nue £ 4 districts Min- | 1 e . for_ai 711.81 for 1925, ‘ornl:“fmn‘ un- that, notwithstand. ths - ing an increase of 11 per.cent in total revenue tonnage moved, transporta tion expenmes decreased from $35,313,- 764.95 in 1924 to $84,621,877.16 in 1925. The :-n‘l‘!ru-d 'flm in the nfl:fl of Canadian wheat prod country w‘:un:h an cnmtyu:ou. L‘h; the. total at'as much "as 415,000,000 !N-:;-;fllm of ,:,“11'6“'"’ in “fg o ‘were largest ts history, wi In contrast with t.hl-“m‘:bck was the exooption of 1823, Net revenue mlouth lack 'l"“ m w:‘y“:rrulou was greater terest. that nfi'}'."}m 3 the 'lm 5 y was the rain is'badly wanted in parts of Sas- """.‘};\ of - bituminous coal, Which katchewan and Alberta. constitites the principal item of W!.IA‘D—- tgg ig& i .| traffic handled. There was also a % ¥ ¥ :aggh Fro ey 5 BEEI e aai; 95 Gt West 8.0¢ (1) 116. 116 Groem Canen. . 1% 1 i bt i 8 =4 sngs 5 ol 4 i ;:;uwxon:.“:g’y 15.—The. bond. lshed. ‘was no quotable change but- traders were in- > s2afE gtz gegeefE i s g,fig:e Bguzes was ‘broadening out and attract- a larger measure of outside in- t hed to be dismissed today. At time 80 far has the purely profes- al character of the trading been clearely stamped. e ‘volume of business fell off aBfuptly as the price movement grew and more irregular.Under pres- ent conditjons, the dally comparison of“transactions is of more value as a guide to what is going on than the price fluctuations. _There were some strong spots which stood out despite the™ certain course of the general list. On¢ of these was Dodge “A;* which had & further advance in response to the estimate printed Wednesday regard- ing earnings for the first half of the year. Others were United Alloy, Steel and National Lead. Savage Arms at one time was up over three points, but subsequently lost part of the gain. There was a demand for Na- tional Power & Light, Pacific Gas and American Pewer & Light among the public utilities. / On the other-hand, selling kept on in Ward Baking U. 8. Cast Iron Pipe broke - nearly five points ear}/ in the day, then rallied -briskly. Weakness in Westinghouse Electric was an incident and the New General Electric was lower. The railway list was extremely variable, but in the main given over to realizing sales, Norfolk and West- ern came down sharply and so did New York Central and Atchison. Baltimore and Ohlo was lower and Wabash common. was offered. . Mis- . souri-Pacific preferred, with a rise of nearly 3 points, made a new high| Asso record and the common was selling around top figures as it got above 40. Oil shares once again acted dis- appointingly in the eves of their large | Atl Guif & WI. ] e nut;ldie fogzw(xg. MullBt‘Ml. Aulnfi 1tic 16 m Refining, Pan-American B, Union : & of Cailfornia and Lago ail sold down. Bulewinfnc. 116 1164 16w 116 95% Shel nion was somewl firmer X PRt chast oftien oLt e | Bernsdana (hy, b sow sew ssw| MeCrory b (). lomi 107 10T LT e copper group continued to feel " Mack Trucks (6) 1214 122 120% 120 the stimulus of higher prices for the 3 Macy H B & €o.. 101% 101% 101 101 metal. Cerro de Pasco, quoted ex M aCop (3). 41% 42% &1% 41% quarterly dividend of 1 per cent, al- 102% Mallison & Co. - 18% most made up the deduction. Magma Manati Sugar pf. . 60 rose over a point. Anacondi was 3o 308! man E1Sup(s3%) B84 strong, but still displayed hesitation Man-Elev.gtd. . as it drew close to 50. Kennecott at § one time was up nearly a point and \ American Metals over a half point. 86 2 racaibo Ofl. »y - - Mariin Rock (2). 30 Markets at a Glance | |Burasams ). s 1 S N eson 102, 83 834 X / BB w20 NEW YORK, (P)+Stocks irregu- : . lar; General Biectric reacts Sharply. | Butte&Buper(2).” 11% RGO pETEN). Bk AP S Bonds mixed; rail issues lower. For. | Butterick... 3 80 30 | Cop (1), 18% 16% 14 eign exchanges easy; French francs Mid-Continent.. 201 20% 28% at new low record. Cotton barely | Calif Packing(! b1 139 dle States. . 1% 1% 1% :!udy:sunseuomblyl low _tempera- 3% 38% 14 14 14 ure. Sugar easier; lower spot mar- | Callahan Zine. i ket. Coffee firm; steady Brasilien - an offac2). 36K 304 86 market. CHICAGO—Wheat barely steady; predictions showers in the Northwest. | Case 4 % Corn higher; light country offerings. | CaseThr pf (7). 113 118 113 13 Cattle dull. Hogs. firmer. t Leather. 9 S% 9% 9% 55 ther pf. WALL STREET BRIEFS TR N 28 | Motor Met(3.60). Motor Whi (3) NEW YORK, July 15 UP)—William | Chand.Cle pf(4). 30% 31% Son bk % N V YO , Jul ' m Boyce Thumpson‘ycaplulht. back | Ches & Oh ($13). 143% 148% 141% 141% f,flh‘:‘“. ‘('.::) from an extended European trip, sees 0B N | BRbAams (Re): the world on the eve of an industrial N‘Q'Blm-cu ot (7). boem, which he thinks will deévelop 2 2% Mot bkt when there has been a readjustmeant -~ g:. e of economic structures and wages. ” - 28 Nat L “The standard of living has improved i : - Datry in Europe since the war, and labor 8% 1o is demanding and recelving a Jigher -3 o wage than ever before. The Frencl . individually are prosperous, theme is 5 ‘f 3% 18 ',{::"‘" L(:&m 1:.': lm o & large building boom, crops are :Mnyu . e e Tk gcod, and the people are working.” B53% B 53% Net profit of Onyx Hoslery for the $2.40)..." 61 first half of 1926 rose to . $443,779, | 83K 84 % o ‘fl"t‘ 0% 4 equal after preferred dividends to ino Copper... 28 6% . 8% b 4 $2.36 a share on the common, ¢om- = 4% 45 i3 131% ill‘ 18 1 pared with $387.243, or $1.60 a share | Chryaler Corp(8) 38 o (1,1')' A 19 H in the first half of 1925. CotaColn (1 (6).102 108% 102 108% Yy 7 46 : 45% 45 45 Under a plan adopted by the Bank of Italy in New York to pass ultimate control to those who work for it, more than $2,000,000 of its stock has heen acquired by employes through a stock purchase fund. Every.half vear 40 per cent of the net profits of the bank will besturned over to fund. Stock purchased by an em- ploye was priced at $450 a share, nearly $10 a share below the market pflt‘:eb s Underfll:.ej:hn a oontrg:\ltmn mm' e of $105 out of iry gave each em- | Congol! s 1% 3 ploye a share of stock. Orpheum pf (8). 104 104 -, el 80% 80% 79% T9% Otts Tl e 22 122 Five hundred thousand dollars of ‘?? Im‘ 10% new financing has been arranged the Commander-Larabee Corporation, @ consolidation of Western fiour mills, and public offerings of both notes and bonds will be made later this week. F. R. Henderson, nt of the Rubber Exchange of New York, sailed for London to diseuss with British leaders of the industry the crude rub- 1;': situation as it affects the United tes. Marked improvement is expected in net income of the Atlantic Gulf & West. Indies Steamship Lines for May over the $65,120 for April, thereby wiping out the deficit of $64,364 at the end of the first four months this year, and showing a moderate net nicome, Activity in the tin plate industry s reported from Pittsburgh, opera- tions as a whole being at 83 per cent. Amerjcan Sheet & Tin Plate Co, has|’ 10 of its 11 mctivé tin plate plants operating at 100 per. cent of capa¢dity, and grders are ample to keep the mills running at their present rate until the end of August. ¥ The election of A. W. Robertson to the presidency of the Philadelphia. company and affiliated corporations, effective September 1 next, was an- nounced yests by John J. O'Brien andard Gas & Elec- ssisistaansl I 31,285 BB EppEnse R =z ptegspeesyeil W 3 g S§EecEs SEERELE - E3 = 3 & SI; & 8 jiisy Int Cement pf(7) Com Hng (3) 13 3 Eapziy - =52 ga8e Sof 1] L { 528 (3-8 g Efaggen 2 PpuD obe TR i H ] Py 32588 g FifpepiiEas sepsifeehafataf =B8R aBronadtan §g8 F - FHEEE §iE ] '§ 23 g ? R g ¥ z F B » 3 §e5afgaagynages g2 82388338 353888 oF Eiiiigiifiii *d b 5 15233 FH ¥y P ey 83 v Bgegganiiniage 3 H 5 %' XL Jewel Tea pf (7) Jones Bros Tea. % -'Ulfloz Mot (2).. 28 KCP &L Ist (1) 112% 1 Kan City South. . 44 | 1 considerable increase in manufac- tured articles carried. For the first % y time since the termination of Federal 2 fl & ,Hk control, President Willard said, the %° condition of the physical property is IRy gz a8 good as it was before the war. Local Bafkers to Tour West. 4 Several Washington bankers are looking forward with great anticipa- Vi tion to fll: convention of the Amer- jcan Bankers’ 921 | CHICAGO LIVE STOCK MARKET | Angeles on October 4, 5 and 6, the CHICAGO | biggest event of the year in banking : 18, S oeart- | circles. Among those_expecting to ment Agricilture).—] ipts, 85% | 30,000 head; shipping orders relatively attend are Harry V. Haynes, presi- T : Y \dent of the Farmers and Mechanics p et very uneven; practi-!ZilL T GO, eI who will be one the official delegates from the local assoclation; Francis A. Addison, ir.. Vl? mlldenrtfl(:; flée. S;cufl,t‘y Blavi.vj‘gfl . ¥ and Commerci nk, who is o erages. 14.45a14.66; 240 1o delegate; Victor B. Deyber. presi 07, 5 er P. McLachlen, president J 1Ton 110 1o RNt - poie Th o the McLachlen, Bankiris Corporation 6 99% 99 99U | light light, 14.00a14.75; packing sows, | S0, Howard boran, presten o rhe E District Bankers' Association. The e IO a0 | T T A floal tenkers e, R S 100% Cat r on the a essrs. foe 100 1oon | s Sntue Recsipts, 18,000 head; siow: | Addison and MoLachlen will go via 118 112% 112% | steady with weel's decline; desirable |‘N® Paname Canal route. 814 | medin Jowa fed vearfings, 10.60; | 1y eations on a bank's earnings o N heaties: | are clearly brought out in this 12% | she weak to 16¢c lowes cutun' week’s chat in the Washington news- and cutters mostly 10 to 15 ‘off; | Paper advertising columns on “How Dulln eusy;: top, medium buls, 600; | & Bank Makes Money Workc” Many. vealers largely-25 lowes ¢ .15 5o | people imagine that a hun ~dol- 45| to packers: -25 lower at 12.00a12.50 | [ "eoait means a large return, even Meceipts 11,000 head: very |thoush it is left in the bank but 2 Btk Gone: fat Jambe atound steady |{0W days. As a matter of fact, re. e 0N Mald at mtrong prices; early |sérves have to be deducted so that T o trven. 10,15 1o packers; |only $85 {s actually loanable. This 97% | some ewe and lambe upward ) SUm must be loaned for a month to 108% 1 o 14.25 to -:lmrr eulls and | bring in 42 cents. And out of this 107% 107 10744 | shoon. steady: few sales fat ewes, |42 cents the bank must pay texes 105% 106% 106% | 5.50a0.50; late yesterday bulk 61 to |Suiaries. rent, light power. Fu . [ nds and. Washington | expenses, ledgers, checks an O e A: hocvy Kind down. | books, statements, passbooks, ' ete. ward to 13.00. - These expenses count up until a de- T i posit of less than $200 does not pay 417 H » £ o ] i § BEESE 298 H:I::'D. £ 5 0 E- i ) 22538252558 53, 500 w8n g g i g ] 8 § H 3 & ' i s:§§§ LT L6 104% 104% 104% : B 117% 117% I;;“ 2 s HEHD EE §iz S ¥ 3 gx' Bae2 Sulon g _i{ggilisiiii 3.4 g3 532, 530 vy u, faens eEigtusaniey HH 0§88 2 gerer Eg 83 g i §sgsas- § H B i : i 131 38% 6 e 55050252558 age 50 (-] §ied g H EERH L i E 2 i i EEEE 105% 106% 106! 114 4 3. 86 104% 104% 104% 1 103% SoEEEE § g 2 S S o 33 srggungzes 5 £ 3 B A 555 1 e Wt FH D Eaar. N rats profit: to the bank. This is a 1 fim that thousands of depositors @0 -not know: To many who keép their checking accounts very low all bush- {the time it will be-a reve and. .~ 50a80; | make them wongdér if, after all. they ought mot to maintain much larger balances. International Bank Thriving. son scions, Dushelg 758 1,300, B MUK rnounced. tody 7106 106 ' 106 | it o5, | that his bank is seriding out dividend 27 106% 106 - 106 | g5 T o0e | checks of $5 per share covering in- s o sox e Shette: TUE |V aaame that the Gatal dvidena r, addis e le) =m‘ 2% 1004 B0n | T e e approximates $60,000. Mr. B L Ly o " fs* highly optimistic in his e —— m"“*'"'.“.."", e eappise. | insto B e oxrioek, cal e b o n' usines outlook, call- | Reaches, 'mem‘m““"m"‘“:‘:“ > 88 | han 400 organizations now have their headquarters here. He also notes & steady increase in population expects local building activities far exceed the average for past in'the National Capital } 2 y %3 iigi? 7 0% o 2% 0% 284 5% 408 28% 8 58% 8 934 129 4 26 8% = !!!E!§ H ;‘;‘t 87 3;: g5 SR Hi =8 i §255 g23se §§:= 11322; <k S 222 e = PELEE JH TR i g & 2 H : : i s “ H & 5 35" S 35 2% “g {3 853 § 5 i H it 55588z 58,52 ?- A £ 22 ) H prices of 3 made today is the four- 12 88% 884 88y semiannual statement of the l 8 101% 101% 1014 . 3 ki In addition to the figures show- rids 18112 111% 111% “%%1ing the bank’s present condition, sev- 71 984 98 98 investment suggestions are ap- i o g3 il 5355880 yon g - PO ETH Y 2 £ FEE L it H ! # g 3213: i 858858 ek SakaliSnalBaBSae %%= . 54! €1). 108% 104% .1 (7). 118% L e I i it f HREH §e§iBsssiiptcite JuirpitaRitiaiisicifn i %5 i 1 s8s shsy .. 58 - g 8% g §aEzdagss §EEE Exfsaiuntifagte i P 43 it § S §33z=225E iz =gz rnageizaizagase T PR 5 £ 5 _ 4\ ZaBSHEL 48-55ER £ §ii 2! Feacggfelis srotay [ * - £ MR e g3 8558 EgE 282E3 H g 3 : fi. g 5 - & ¥ ‘gggggagfifgigsgggs = FE i e T i L] 4 § E oo PS8 £ 5% 31111 LE i 3=gsfgsize =§ P 1414 »>p o () ot Eprguich 8§ TT i £y H PR ILEE H - =4 - =4 i great inter- rooms in this city. ;ppeared most of the time to be resting on its laurels. Virginia-Carol Chemical gommon stock, ‘non- , certificates, gz §= H G T T g8 Sg28 8 8 & Feasnn: B 1t ;!E $335 S2E%95E BRauSuni H 3338 85587 yaed 2 sEagzzengag gaves Rag = -l §osdes Sunsunnaanaiaesin; ssazs =§ HH 53 FECEF § e33a5505e o sEzgrascegs gares yae !?éfliii g 5 33 335 Rapos, EraREns S B0E0ES i BEek B £ £E sgesgt o e v 1] HighiaNsschyy I #3 5‘ 8l {5 e ali public relations, Rol FLINT GLASS WORKERS WILL OPPOSE WAGE. CUT PHILADELPHIA, July 15 (®.—|! North i § ('jgigigisggggssng sEpseEiz=afeie g petunnta, | - MERGER APPROVED. * | unton of Colambia Gas and Ohio | Fuel Given 0. K. Bgat pyfeguiay, -