Evening Star Newspaper, July 20, 1926, Page 20

20 * STOCKS GO LOWER INTRADING TODAY Campaign for-Rise Fails and Decline Is Decidedly Sharp. BY STUART P. WEST. Special Dispasch to The Star. NEW YORK, July 20.—Prices went lower on the Stock Exchange today with one or two periods of consider- able weakness. Efforts to attract the public by concentrated buying of stocks like United States Steel and General Motors, with some dozen or more specialties thrown in, had falled. This should have been realized more fully than it was in the last week's trading, but yesterday the hesitation became pronounced, and to- day, in the last half of the session especially, what little campaign for the rise there had been collapsed. The decline in the afternoon was the sharpest that has been seen in some time. Unusual activity continued in Ana- conda, which went through 50. It was quite a leader. North American among the public utilities at one stage was up nearly 2 points, and Montana Power, Consolidated Gas of New York and Public Service of New Jersey were higher. But in the later deal- ings the public utility stocks went pretty much with the rest. Oil shares were decidedly weak. Pan-American B broke quite sharply. Marland was pressed for sale and Union Oil of California was off over 2 points. Texas Company was heavily sold around 521;, as against its re- cent high of 5514. Everything appeared to hinge on whether or not recent buying oper- ations in various selected stocks had culminated, at leagt for the time be- ing. United Stat: Steel common, which had rallied toward vesterday's close, came down very easily. This was disconcerting to those who had been thinking of last week's trading in terms of a “big bull mar- ket.” So was the drop in General Motors. Independent steel shares came down with U. S. Steel. The fluctuations in the motor group were very indecisive. Hudson Motor, act- ing as an offset to the reaction in General Motors, opened up 2 points and went 2 points higher before the rise was checked. Further selling occurred in Jordan Motor, which carried the stock off a point before it rallied. Profit-tak- ing appeared in Mack Trucks and Nash Motors selling ex-dividend was lower. On the other hand, Chrysler did_somewhat better and the gains in Dodge Brothers issues were well maintained. « Equipment shares were in demand eagain for a time, especially Baldwin Locomotive, jumping ahead over 2 points. American Locomotive went up a point and there were small gains in Pullman and General Railway Signal. | One of the noticeable features of the day was the sharp drop In some of the industrials of the specialty grade. Lorillard sold off sharply; so did International Combustion and Engineering. ~ Abrupt reactions oc- ourred in higher-priced issues such 88 Famous Players, General Electric and Woolworth. LEAD PRODUCTION. NEW YORK, July 20 (#).—The world’s production of lead in June is calculated at 114,151 tons, against 113,889 tons in May and 105,966 in April. Production in the United States in June was 48,558 tons, against 49,915 in May. The high mark was reached :: March, with an output of 52,331 ns. NEW FINANCING. NEW YORK, July 20 (P).—New financing offered for public subscrip- tion today exceeded $32,000,000, which included an issue of $15,500,000 Wabash Rallway Co. refunding and general mortgage 5 per cent gold bonds, series B, bought by Kuhn, Loeb & Co., subject to approval of the In- terstate Commerce Commission. They are priced at 95% and accrued in- terest to vield more than 5% per cent. DIVIDEND IN( éREASED. NEW YORK, July 20 (#).—Stock of the Brockway Motor Truck Cor- poration has been placed on an an- nual cash dividend basis of $2 a share, with a quarterly pavment of 50 cents, an increase of 1213 cents. A new quarterly stock dividend of 2 per cent has been declared, both cash and stock being payable to hold- ers of record July 23 VOTE ON BOND ISSUE. NEW YORK, July 20 (#).—Stock- holders of Tennessee Copper and Chemical Corporation will vote FINANCIAL. | Adams Exp ( Abitibl Pow (4). Abrahm&Straus. Ahumada (v1).. Afr Reductn(15) Ajax Rubber. .. Albany Paper. .. Albany Papr pf 7 Allted Chem (4). Alifs Chalm () Amerada (2).... Am Agri Ch pf.. Am Bank N. 1.60 Am Beet Sugar.. Am Bosch. ... Am Brake Sh(8) Am Br Bov EI(2) Am Br Bo pt (7). Am Can (2). Am Can pf (1) Am Car&Fdy (8) Am Chain A (2). Am Chicle /3). . Am Chicle cfs(3) Am Drue...... Am Express () Am & For Pow. . Am & Fo P pf(7) Am Ho P (2.40). Am Ice (110) Am Internatl Am La Fr (1). Am Linseed. ... Am Linsd pf (7). Am Locomot (8) Am Loco pf (7). Am Metals (4).. Am Po&Lt (g1). 1 Am Radtator (4) Am Republic. ... Am Safety R (3) Am Sm & Ref (1) Am S & R pf (7) Am St Fdys (3). Am Sugar (5)... Am Sugar pf (7) Am Sumat A cfs Am Tel & Tel(9) A Tel& Teleg rts Am T)bacco (8). Am Tobac B (8). Am Tobac pf (6) Am Typ Fdrs(8) Am Wa Wo c1.20 Archer-Daniels. Armour of I11(A) Armonr of I11(B) Armour I pf (7) Arnold Con (n).. Artloom.(3). ... Asso Dry 6(2%) Asso DG 1st(6). Asso Ofl (12.40) . Atchison (7).... Atchison pf (5). At1C Line(19%) At Guif & WI. .. Atlantic Refing, Atlas Tack. . Austin-Nichols Auto Knitter. .. Baldwin L (7).. Balto & Ohto(6). Barnet Leather. Barnet L pf (7). Barnsdall A (2). Barnsdall B (2). Bayuk Clgar. Belding Bros(3). Beech-Nut (13). Bethlehem Steel. Beth St pf (7). Bloomingdale Booth Fisheries. Botany A (4) Briggs Mfg (3) British Empire. . Bkin Edison'(8). Bkin-Mn Tr (4). Bkin Un G(t11). Brown Shoe (2). Brunswick Balk. Brunswick Ter.. Buff Roch& P(4) Buft R&P pf (). Burns Bro (10).. Bur Add Ma (3). Bush Terminal. . Bush Ter de (7). Butte&Super(2). Butterick. . Calif Packifg(8) Calif Petrol(2).. Calumet& Ar(6). Calume&H(1%). Canada Sou (3). Can Pacific (10). Case Threshing. Cent Leather.... Cent Leather pf. Cen Ry NJ(}12). Certain-Teed (4 Chand-Cleve.... Chand.Cle pf(4). Ches & Oh (112). Chi & Alton..... Chi & Alton pf. . Chi & East 111 pf Chi Great West. Chi Gr West pf. Chi M1 & St P. Chi Mil & St P pi C Mil & St P ctfs C MII&StP pf cfs Chi & Nwa (4).. Chi & Nw pf (7). Chi Pneu T (6).. ChiRI& Pac... CRI&PDL (7). Chrysler Corp(3) Chrysler pfA(8). Cluett Peab (5). Coca-Cola (7) Collins & Atkmn. Collins&Afk pf 7. August 18 on a proposed issue of $3,000,000 of 15-year 6 per cent con- vertible debenture gold bonds. It 1s proposed to issue only $1,600,000 of the bonds at present, which will be made convertible on a sliding scale. OIL WELL BROUGHT IN. NEW YORK, July 20 (#).—Tampico dispatches to Wall Street say Gulf Oil Corporation well No. 30, first com- mercial producer in Tamaulipas, has an initial flow of 3,600 barrels daily of 14 gravity ofl, —_— DAIRY PRODUCTS. BALTIMORE, July 20 (Special).— Live Spring chickens, pound, 32a45. Leghorns, 25a35; old hens, 31a33; Leghorns, 24a25; old roosters, 18a20; ducks, 26a30; old, 18a23; pigeons, 35a 40, Eggs—Receipts, 287 cases; native and nearby firsts, dozen, offered at 28a29, Butter—Good to fancy creamery, pound, 40a42: prints, 42a44; ladles, 32 a83; rolls, 28a30; store packed, 28; dalry prints, 28a30; process butter, 35%a36%. S SILVER PRICE. NEW YORK, July 20 (#).—Bar sil- wver, 64%; Mexican dollars, 49. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) b So0S0sDD SR IBB R (oo S oSSeSS2s2s RO OO i1 AR AT s ey bt it % % W e Sszsassiatiase FEEPEFELIR SOEEE S53IBIE23 o 85 s = Col Fuel & Iron.. Colo Southern. Col Gas & EI (5). Col G & E pf (7) Balto & Oh pt(4) Open. High. 114% 114% 74 74 43 43 8 8l 116% 118% 8% 8% 27 27 98 98 129% 129% 88 88le 30% 380% 63% 63'% 41% 4l 28% 284 20% 20% 122% 123% 40% 407 94% 947 58 58% 125% 126% 101 101% 26% 26% 39 39 90% 90% 26% 26% 125 13% % 1% 105 106% 1174 117% 53% 63% 68 68 110 110% 65 55% 63% 64 136% 135% 19 119 42% 42% 68 63 101% 101% 2% 21 141% 142 6% 6% 121 121% 1197 120% 110% 110% 120 120 617% 63 234 52 187% 137T% 99 99 220 220 44% 44% 12 13% % 119% 124% 96% 96% MN%. 7% 46% 46'% 104 581 45% 45% 102': 102% 31% 814 6% 6% 25 25 28% 30 Y% 142% 142 64 64 87 % % 13 3 83% 8T% 96k 97 1381y 138% 05 105 311 82 921 924 1% 11% 31 31% 138 138 33% 33% 69 69 16% 15% 59k 59% 168% 1637 131% 132% 9 9 54% 54% 13 Low. 114% 74 43 8 116% 81y 127 88 29% 52 41% 23% 20 122% 39 9474 b5 125% 100 26% 39 21% 90% 26% 33% % 103 117% 53% 664 109% 55% 120% 119% 1104 102% 30% 6% 25 28% ko) 142% 63% 138% 103% 31% 92% 11% 81 137% 32% 6814 151, 59 162% 131 141% Col Carbon (4).. . Com Solv B. Congoleum-N Consol Cigar. Con Cigars pf Consol Distribut Consol Gas (5).. Cont Can (16)... Cont Can pf (7). Cont Insur (8).. Cont Mot (80¢).. Corn Prod(t2%) Coty Ine (4). Crucible Stl (! Cuba Cane Sugar Cuba Cane Su pf. Cuba Co (4)..... Cuban-Am S (2). Cuban Am pf(7) Cuban-Dom Sug. Cudahy Pkg (7). Cushman'’s (8) Cuyamel Fr (4). Davison Chem. . Del & Hud (9).. Del L & Wn (17) Detroit Ed (8). Devoe&Ra(2.40). Dodge Bros Cl A Dodge pf (7).. s Dome Mines (2). Douglas Pec (1). Dupont (119) Dupont deb (6).. Eastman (18)... Elec Power & Lt Elec P & L pf(7) Elec Refrig(f2). Elec Sto Bat(18) End-John (5)... Equitable pt (1) Erie R Erie 2d pf. Eureka Vac (4) Exchange,(1%). Fairbanks (3)... Famous Pl (J2). Famous Pl rt: FedLight(®1.40) Fed Min & Smolt Fed Min pf (7). First Nat 8(1%) Fisk Rubber. Fleischmn(t: Foundation (8). 22% 22% 69 69% 103% 102% 8% 8% 102% 102% 80% B80% 122% 1224 181% 181% 10% 10% 103% 103% 17% 1% 86% 86% 99% 99% 46 46 836% 37 163% 163% 146 146% 134% 134% 894 89% 356% 86 261% 261% 106 105 118% 113% 29 29 b% ™ 41% 9% 23% 10% 17% 62'% 99% 53 34 24 47 8% 104% 65 168% 46 106 46% 60% 83% 115 60% 160% 21 68 103% 8% 101% 80% 122% 181% 10% 44% 48 5% 9 88% 51 24% 103% 1% 86% 99% 45% 36 162 144% 134% 89 34% 89% 10% 24% 256'% 1056 113% 28% 18% 66 b4 14% 1 51 116% % 8 76 2:30. 114% 74 43 8% 118% 8% 27 98 128% 88% 80 62 41% 23% 204 123% 89% 94% 57% 125% 101% 26% 89 88 7% 125 21% 90% 26% 33% TT% 106% 117% 53% 663 109% 554 62% 121 120% 110% 447% 102% 30% 6% 25 30 % 142% 63% 138% 103% 32 9214 1% 31% 137% 82% 8% 161 694 163 132% 141% 5% % 41% 914 23% 11 17% 6% 99% 63% 34% 24 47 38% 104% 66 168% 46 108 46% 60% 83% 115 60% 164% 21% 68% 1083 3% 102 80 1224 181% 10% 454 48 | 5% 9% 384 310 24% 103% 17% 8615 99% | 45% | 36% | 162 144% | 1843 | 89 85% 894 10% 2414 260 106 118% 28% 18% 66 6% 19% 26 T1% 51 116% 4% ‘50, 60 49 49% 101% 101% 100% 101% THE EVENING STAR, WASHINGTON, D. C., NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. Fox Film A (4).. 724 Frank-Si pf (7). 108% Freeport-Texas. 82% Gabriel A(t4%). 83 ° Gardner Motor.. 7 Gen Am Tnk (3). 454 Gen Asphalt.... 684 Gen Asph pf (5). 108 Gen Cigars (4).. 521 Gen Elec (H3).. 862 lec (112 90% Gen Elec sp(60c) 11% Gen Gas pfA(8). 107 | Gen Motors (116) 168% | Gen Mot pf (7).. 118 | Gen Outdr Ad(2) 30% Gen Petrm (3).. 65% Gen Ry Slg t4%. 89% Gimbel Bros 50% Glidden (2). Gold Dust, Goodrich Ru (4) Goodyear pf (7). 106% Goodyr pr pf(8). 108 Gothm S H (24) 51% Gotham S Hnew 48% Granby Consol.. 23 Grt North pt (5) Gt Noy Ore (1%) Grt Wstn Su (8) Green Canan. ... Gulf Mo & Nor. . Gulf States 8 (§) Hartman Hayes Wh(13%) Helm Geo (16%) HelmeGW pf(7). 1 Hoe & Co A Homestake (17). Househd (1314) . Houston Ol. ... Howe Sound (3). HudsonMan (2% Hud Man pf (5). Hudson Mo(3%) Hupp Mot (1)... Tllinots Cen (7). Indep O11 (1).... Indlan Refining. Indt; Ingersoll R (t4). 92% Inland St (235). 41% Inland St pf (7) 112 Insplration (2).. 254 Interurb Rap Tr. 43% Intconti Rub(1). 158 In Ag C pr pf(7) (nt Bus Ma (3).. Int Cement (4).. Int Com Eng (2) Int Harvstr(8).. Int Mer Marine. . Int Mer Mar pf.. Int Nickel (2). Int Paper (2). 51 [nt Tel & Tel (6) 124% Int T&Teleg rts. 7% Intertype (t1%) 23 Jewel Tea 37% Jewel Tea pf (7) 122 Jordon Mot (3).. 22k Kan City South.. 434 1% 15% 27% 24% 121% 23% 11% 10% Kennecott (4)... Keystone T & R. Kinney G R (4). Kinney pf (8)... Kresge SS(1.20). Kresge Dept 8. Lago Oil & Tran. Lambert (3%).. b57% Lee Tire & Rub.. 9 Lekigh Val(3%) 91 Leh&iMnk stf(3) 40% Life Sav (1.60).. 21% Liggett & M (14) 86 Lig& M B (t4).. 81% Lima Loco (4). 624 Loew’s Inc (2) 38% L 8 4% 126 22% Loose Wiles. Lerillard(3). Lorillard pf (7). Loutsiana Ofl. La Ofl p£ (1) 931 LoutsGalA(1.75) 25% Lou&Nash(16%) 133 Ludlum Steel (2) 37 Mack Trucks (6) 126% Magma Cop (3). 41% Man EL Sup(5%) 834 Man El gtd(D5). 554 Man Shirt (1%). 24% Manila Elec (2). 33% Manila Elecrts.. % Moaracaibo Ofl... 234 Market St prior. 434 Marland Ol (4). 584 Marlin Rock (2). 29% Martin-Pary(2). 21% Mathieson (4).. 82 May Dept St (5). 118% Maytag Co (2).. 28% Mexican Seabd.. 18 Miami Cop (1).. 15 Mid-Continent.. 28% Middle States... 1% Midland pf(110). 114 Miller R ctfs(2). 36 Mis Kan & Tex.. 87% Mo K & T pt (8). 90% Missour! Pacifie. 89% Missouri Pac pf. .90% Montana Pow(5) 81% Mont Pow pf (7) 117% Montgom Ward. 171% Moon Mot (3)... 23% Mothr Lode(75¢) 6 Mo Picture(1%) 19% Motor Met(3.60). 44% Modtor Whi (2).. 24 Munsingwr (3).. 38% Mullins Body 1% Murray Body. 8% Nash Mot (13) 554 Nat Acme (sta). 9 Nat Biscuit t4%. 98 Nat Biscu pf (7) 180 Nat Cash Reg(8) 44% Nat Dairy (8). Nat Distiller: Nat Lead (8) 160% Nat Po& Lt(40e) 28'% Nat Fy Mex 1st. 5% Nat Ry Mex 2d 2% Nat Supply (4).. 64 Nat Tea (4)..... 161% Nevada Cop (1). 14% NY Air Brake(2) 40 N Y Airbrakerts 2% N Y Canners C2. 43% NY Cannrs pt(6) 84% NY Central (7).. 181% NY Chi&StL(11) 179 NYC&StL pf (8) 108 NY & Harl (5) 178 NY & Lack (7).. 105% NY NH & Hart. 47 NYOn & West.. 24 N Y Rys 2d stpd. 111 Niag F pf (1%). 28% Norfolk South.. 864 Norfk & Wn (18) 168% North A (B3.40). 52 North Am pf(3). 61 NthAm Ed pf(7) 9% North Pac (5)... 72% Norwalk (80¢c)... 8 0Oil Well Sup (2) 84% Oil Well S pf. ... 106% Omnibus. . 16% Onyx Hos (3.20). 48% Onyx Hos p£(7). 99 Oppenheim (3).. 6% Otis Elevator (8) 120% Otis Steel pf.... 108 OwensiBot (t4).. 74 Pactfic Gas (8).. 120% Pac Ofl Stubs. 1% Packard (12.90). 41% Paige Mot(1.80). 15% Pan-Am (6) 67 68% 38% 214 £38% 116% 16% Pan-Am B (6)... Pan.AmWnB(2). Panhandle. Park & T11£ Park Utah (80 Pathe Ex (c8)... Penn-Seab Peoples Gas Pere Marq (18)., Pere Marq pf (5) Phila&RC&IL. Phillips Pet (3). Pitts Coal pf.... 73 Pitts & W Va(6) 107% Postum (5)..... 103% Producrs & R pf. 83 Pub Ser NJ (5). 88 Pub 8 NJ pf (8). 120% Pullman Co (8).. 179% Punta Aleg Sug. 84% { High. Low. 2% 1% 109 108% 33 81% 23 7 50 1 51% 49% 106 108 ¢ 50% 22% 2% 0! 91% 18% 3d% 26% 7% 116% 27% 64 43% 68 38% 89 79 67 24 121% 23 116% 2% 54 48% 25 21% 23% 1 T 9% 90 89 85% 62% 894 44 126 113% 16% 95 24% 133 87 126% 2% 854 66% 244% 33% Y 23% 43% 58% 29% 21% 82 82 118% 117% 23% 22% 18 12% 16 14% 28% 27% 1% 1% 114 114 86 36 86% 50% 88 90 82% 79% 117% 117% % 70% 124% 41 821 b4 23% 22% 6% 6 19% 19% 44% 43% 24 28% 88% 37% 14% 14 9% 8% 6% 55 9 9 92 92% 834 180 180 130 4% 44 4% 68! 19% 4% 28% 87% 14 9 65% 9 18 160% 22% 160% 180% 23% 22% bk B% 2% 2% 64 63% 151% 161% 14% 14 40 40 2% 2% 46 43% 8i% 84k 181% 129% 179 179 103 108 175 176 106% 105% 47 46% 24 28% 1 11 28 284 86% 86% 168% 152% 53 51% 61 61 96% 95% 2% % 8% 8 364 84% 106% 105% 16% 16% 43% 48% 89 99 58 87% 120% 120 108 108 74 78 120% 120% 1% 1% 41% 16% 67 % 8% 85 106% 15% 43% 99 68 120 103 3 6% 56% 21 54 INTEREST CENTERS INFOREIGN BONDS French Issues Lower—Ger- man 7’s at 105 Equal Previous High. BY GEORGE T. HUGH Special Dispatch to The Star. NEW YORK, , July bonds again attracted the most 20.—Foreign at- _|tention in today’s market. French issues opened lower at ap- proximately yesterday’s low, losing all the recovery that occurred late ves- terday afternoon. At the same time there seemed to be good support at the decline. Apparently the buying is based on the idea that French ex- ternal dollar loans will be the obli- gation of a country reorganized some- what after the fashion in Germany once the franc has gone tthe way of the mark. French 7s at 89l were down % of a point, but still more than 3 points above the low of the year, established in March. The loss in French 7%s and. French 85 wa about the same. In contrast with the situation the French list GeMnan 7s at 105 equaled the .previous record hizh. The only other fenture in the foreign group was a new high for Queens land 7s, which, as an enti callable issue selling on a be 5.50 basis, were evidently out of line The general list continued heav. and dull. Only new offerings seeme: to be in good demand. Declines in more speculati bonds followed the teend in stocks and the losses in the higher-grade issues were egplainable by the firmer tone in time money. Rock Island refunding 4s dipped b low 90 again, more than 2 points down from the high of April. The loss was all the more noticeable be- cause of the bonds' short term. Ar- mour of Delaware 5%s were frac- tionally lower, while United States Government obligations were steady. in Pure O1l (1) Radto Corpof A. Radio C pf (3%) Rand Min(a1.52) Ray Cons Cop (1 Reading (4). Reading rts..... Reid Ice Cm (3). Remington Type Replogle Steel. . Rep Iron & Steel Reynolds Spngs. Rey Tobac B(5). Robt Rels & Co. . Rossta Ins (6) Royal D(a1.339) Rutland pf.. Safety Cable (4) St Jaseph L(13). StL & SanFr (7). St L Southwest. Savage Arms (4) Schulte (§8).... Seaboard Alr L. Seagrave(el.20). Sears-Rn (2%). Seneca Copper) . Shattuck F G(2) Shell Tra a%614c Shell Un (1.40).. Stmmons(12.26). Simms Pet (1) Sinclair Ofl. Sinclair pf (8) Skelly Of1 (2). Sloss Sheff (6).. 1. South Port S (8) Sou Cal Edison. . Sou Dairies A(4) Sou Dairles B. South Pac (8). Southern Ry (7) South Ry pf (5). Splcer Mfg...... Std Gas&El (g4) 8td G & El p2(4) Std Mill (5). Sta Ofl Cal (2 StdOIINJ (1).. Std 011 NJ pf(7). Std Plate Glass. Stewart War (8) Studebaker (§). Studebak pf (7). Submarine Boat. Superior Ofl.. Sweets of Amer. Symington. . Symington A Telautogra (60c) Tenn Copper (1) Texas Co (3).... Tex Gulf 8 (10). Tex & Paociflc. Tex & PacC& O *Tex Pac Ld Tr. ‘Tide Water(14%) Timken (t4).... Tobac Prod (7). ‘Tob Prod A (7)., Transcont Ofl. .. Twin City (5)... Un Bag & Paper. Un Carbide (5).. UnoOll (2)...... Un Pacific (10). Un Tank Car(5). Utd Alloy (2). Utd Cigar 8(c2). Utd Drug (8)... United Fruit (4) Utd Paperbd (2). U S C IP&F(10) U 8 Distributing U S Ind Alcohol . U 8 Ind Al p£(7) Unlversal Pipe.. Utah Copper (5) Vanadium (3)... Vick Chemical. . Va-Caro Ch(n).. Va-CarCh 6% pf Va-Car Ch pf(7) Vivaudou. ‘Wabash. - ‘Wabash pf A(6). ‘Waldorf (1%).. ‘Walworth (1)... Ward Baking B, ward Bak pf (7) ‘Warner Bros. West Marylan West Md 2d pf.. ‘West Pac pf (8). 85% West Unton (8), 1484 0% 117 West A Br(16%) 1! ‘Westinghse (4). on Elec. ... White Mot (4).. White Rock (2). Wickwire otfs. . Willys-Overland Willys Od p£(7). Wilson & Co new Wilson pf new.. 80% WoolwthFW (1) 171% :: Yellow T&C rts.. 3 107% 108% 108% 100% 33 83 89% 88 120% 120% 179% 178 844 84% 83 - 88% 120% 178 3% ‘Youngstown (4) gfven in thg,above table Y Searty deciarasicnt, 3 1 ‘n;noted. eira or speclal dvi: stock, ’gp"fl.x y_extra. | SPavable . §Plus cie” paya- T arsany. Bius 33 in 8100k 3 , Paid this year—no rate., b Plus i0% in common_ stock payable 2 arterly. cgnluml 5% in stock. & Payable in cash or ok £ Plue' 2 1 in & stocl stock. 3 " Phiis 5% P Bayatie when SRR s $% al ih stock. TUESDAY, JULY 20, 1926. l NEW YORK BONDS STOCK EXCHANGE I Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1,000.) Sales. High. Low. . 213 1014 100 !1 1100 100 29 10219 1025 Lib2d 43%s. 20200 256 100 24 Tib3d 4%s. 69 1017 1012 182 102 23 102 15 6710122 10114 11042 1042 13 108 107 28 FOREIGN. Sales. High, Low. 39 89 N U S 48 1944, US4%sb2. Argentine 55 Argentine 6s Ju 69. Argentine 63 Oct 52 Argentine 6s A. Argentine 6s B Australian b Austria 7s. ... Bank of Chile 6% Bank of Japan 6s. . Belgium 6s Beigium 6% Belgium 7. Relgium 7%s. Pelgium 8s. olivia 8s Pordeaux Brazfl 78 Drazil 77 Brazil 88 Canada 631931, Canada bs 1982 Canada 5% 1929.. 22 Chile 7s 1943. 1 Chile 851926 Chinese Gov Ry 58. Con Pow Japan 78. 9T% 99% German El German 7s.. Gor Agr Bank Ger Gen Elec 78, Greek 78 Halt! 6s. Hungary 7%s Ttaly 7s... Japanese 43. . vanese 6%8 Jorgens U M 65 47. Lyon 6a... . arseille 6s. Mexico 4s 10 asntd Mexlco 5s assented Montevidio 7s Netherlands 6s 54.. 26 Vetheriands 6s 72.. 7 ord 6% 19 Norway 5%s. Norway 6s 1943 Norway 6s 1944 . Norway 6s 1 Orfent Dev deb 68 Paris.Ly-Med 6s. Paris-Ly Med 7s. Paris Orleans 78 Peru 7%s. Peru 8s. Poland Prague T%s Queensiand 6s Queensland 7s Rhinelbe Un 7s... Rio de Jan ¥s 1946. Rio de Jan 8s 47 Rio Gr Do Sul 8s. Sao Paulo City 8s.. Sao Paulo 8s 1936 Sao Paulo 1950. Saxon (PW) 7s. Selne 78 42. Serbs Crot Slo Sweden 5%s ct. Sweden 6s. . Swiss 5% s 1946 Toho Elec Power 7s 19 Tokio 58 81 Utd Kingm 5%s 29. 20 Utd Kingm §1%s37. 89 ‘104‘4 MISCELLANEOUS. Ajax Rubber 8s. 3 Am Agr Chem bs... Am Agri Chem 7%s Am Smit& R 1st bs Am Smlt & R 6s Am Sugar ref AmT&Tecl trds AmT & el tr5s AmT&Tst5s. .. Am T & Tdeb5%s. Am Water Wks 6s. Am Writing Pap 68 Anaconda 1st Anaconda cv d| Andes Cop 7s rets. . Armour&Co 4%s rf Armour Del 5% Assoclated Ol 6 Atiantic Refin 5s. .. Barnsdall 6s ctrs. . Bell Tel Pa 68 B Bell Tel Pa 53 C. Beth Steel pm 5s. Beth Steei rf 53. Beth Steel 5148 53. Beth Steel 6s...... Brier H St 1st 5% Bklyn Ed gen b3 Bklyn Union 5% Bush T BIdg 5s 60. Cen Leath 65 45 ofs Chile Copper 68 32. Commonwlth P 6s. Con Coal Md 1st bs. Con Gas N Y 6%8... Consumers Pow bs. Cuba Cane cv 78 Cuba Cane cv 88 Cuban Am Sug Det Edison 68 40. Dodge w 1 6s. .. Donner Steel 78 Dugquesne Light 6 Est Cuba Sug 7%8. Emplire G & F 7% Fisk Rubber 8s. Goodrich 6%s Good year 8s 1931 Goodyear 8s 1941. Hershey 5% Hoe & Co 6%8. Tiiinots Steel 4%e Indfana Steel 53 Int Mer Marine 6s. Int Paper 65 47. Int Paper 68 Int T & T 6%s. Kan CP&L 58 A 52. Kan G & El 63 62. Kelly-Spring 8s.... Lackawa S 58 50... Lacl G ref 58 34.... Laclede G 5%8 52 Liggett & Myers 6s Lorillard (P) 58 Mid-Con 8% 40 Midvale Steel 68 Montana Pow bs..... Mor's & Co 1st 4%s8 N Y Eaison 68 44... N Y Edison 6%s. .. NY GE LHE&P 4s. NYGELH&P 5s. 10 46 19 1" 20 4 104% 97% 58 1025 1074 103 91% 935% 102 101 87% 104% 103 115% 105% 9 110% 121 101% 104 103 116% * B O G SO - Y o o= - wrRaoane=an Nor States Pow 5s. Otis Steel T%HS..... T & T 6852 Fao-Amer Pete 8 Peoples Gas 5 Phila Co 53%8 38 PhilaCorf6sA. . Phila & RAC&L] Public Service 6s p Serv Gas6%s 9. P Serv Gas 5%s 64. Punta Alegre 7s. .. Remingtn Arms 6s. Saks & Co sf 78 Sinclair Ol 6s S PO N S TOTey~ % | Tenn Elec Pow 6 Sinclair Oil 6% Sinclatr Of1 7s. Sin Crude Oil Sin Pipe Line Skelly Oll 6%s. 'So Por Rico Sug 7s. 2 Southwest Bell bs. 15 2 108% 102% 105 Toledo Edn 1st 78.. Close. 100 318 100 1025 100 24 IOl‘f 102 o1 1042 107 282 4 102% | | 1054 | 115% | 104% 1024 103% | 104% 104% 105% | nt Rar Tr 5= stod. Low. Close. 93 93% 106% 106% 105% 105 9T'% 98Y% 62% 101 1124% Sales. High US Rub 1strf5s.. 51 U S Rub 7%s. U S Steel s f 58. Utah Pow & Lt 5s. Vertientes Sug 7 Warner Sug 7s 39. West Elec 5s Westn Union 6 Westinghouse 7s. . Willys Ov 6%s 33. Wilson & Co 1st 6s. Winchester A 71s. Youngstn S & T 6s. 12 104% RAILROAD. Atchison gen 4s. . 9214 Atlantic C Lcl 4s. . 92U Atl & Dan 1st 45 48, #0% _ At] & Dan 2d 4s 48. 754 B & O gold 4s. 91% B&Oevi 9% B & O refjfis. 95% B&O 1atbsct 1024 B&O6s. ... . 22 163% R&Ortimp8s.... 4 107% B& OPLEWV 4s.. 9114 b & O SWDIv 5scfs 12 100% Bklyn Manhat 8s. . 96l Buff R & Pitt 4%s. 91 Can Nat 4%s54. .. 95 Canada South 5s 104% Canad North 63 17% North 78 15% nad Pac deb 4. . tof Gags .. Central Pacific 4s.. Cent Pac 15t 53 90.. Ches & O cv 4. Ches & O zn 414s. Ches & evbs. .. ... Chi & Alt 314 otfs. ChIT& Qpn4s 58, RB&Q1strebs. Chi& ETgnés.... Thi CGreat West 4s. CATEStP s M &SP 4925 ofr StPgn89... StPev4s. va1,s32efe Pendtes. M & St Predtgs. . CMEStP r 4%a of14 CME&StPevbs. CMEStP s Chi & NW Chi & NV Chi Rvs ba. .. CHIRT&Prf4s...1 Chi Un Sta 414 Chi Unfon Sta 5a. hi Tnion Sta 6%s. Chi & W Ind on 4s CRWT5%sa2.. CCC& ST 4L COCRSET, Ba. CCCRStLrf6sA. Clev Tarm fs. ... Cleve Term 5%s. Cuba R R s Cuba R R 7%s Del & FHud 1et vt s Del & Flud cv 5s 3 Den & Rin G en I Rio G West fs. Det United 4%s. Firie 1st cons 4s rie ren 4s in conv rie conv 4s B o convas D - & Jersey 6s. REED Or Trunk sf at 8s.. Grand Trunk 7s... Great North fie Great North 514 ir North ren 7a. .. Havana BRL&EP 50 Hockine Val 4%s Find & Man ref 5 19 & Man af 111 Central ref 4s. TH Central 5%s. . 1-C-C StL&NO 5 Tnt Rap Tran 5 104% 924 4 5 1 NN DADD DN R — W - © Bmemmanasme——Ra Tnt & G Nor 15t 6s. Tnt & G Nor ad 6s.. Kan City Ft £ 4s, Kansas City S 3s. Kan City S 5 Kan City Term Lake Shore 4 2% Take Shore 4= 21, O mENRRV N A=V R =P =2 3= D13 HWAD =D | Lehigh Valen 45 | Man Ry 1st 94. . Lehigh Val 5= 2002 Louis & N uni 4s. ., 4 1031 94 66Y 631 % 1007 87 8516 823 107 3% 10 Market St 7= 40 11 I Ry & T, 6a. . MStPESSMAeaRetd MStP & SSM 6 MK & T 1st 48 MK&T4sB MK & T adf MK&T6sC... Vo Pacific zen 4 Mo Pac6s 49D, | Mo Pac 6s 55 E. 101% 100% 104% |, 100 103% 104% 104% 108 88 110 103 93% 97% 101 9t 131 108% 102% 104% 108 Nassau E Ry 45 57. New Or Term 4s. .. NOTex&M6sB NOT&MGbY%s.... N Y Cengen 3%s.. NYCent4s98..... NYCrfimi%s13 NYCentri§s. N Y Cent deb 6s NYC & StL.db 4 New Hav deb 4s 56. 33 New Hav d 48 57. New Havenc d 8s NY Ont W 1st 4s. N Y Rys6s65..... N Y Rys 65 A 65 N Y State Ry 4%s. NY W & Bos 4%s., Nor & S gen bs 54 Northern Pac 3s. Northern Pac 4s. .. Northern Pac 53 D. Northern Pacriés 2 Ore Short L rfs 4s. 117 | Ore Wash 1strt 4 Pennsyl con 414s. Pennsyl gen 4%s Pennsyl gen 5s. Pennsyl 5 64. Pennsyl 6%s. Pennsyl gold 7s. Peoria & F inc 4a. PCC&StL5sA.. Port RL & P bs 42. PorRL&P 6s47.. Reading gen 43%s. Rio G West cl 4s. St L IM&S 4s 29 StL&SFpl4sA, 10113 St LS W con 4s 32, StP UnDep5s. ... Seaboard A L 4s sta Seab All Fla 6s. Sou Pac 43 29.. Sou racing rer 4s. Southern Ry gen 4s Sou Ry con 58 94... Sou Ry 68568...... Southern Ry 6%s ‘Third Ave adj bs. Union Pac 1st 4s. Union Pac 1st rf 4s Union Pac 48 27 Uniqn Pac 1st rf 58 Union Pacev 6s.... Wabash 1st 5s. Wabash 6%s 75 West Maryland 4 ‘Western Pacific 6s. 2 98% ZINC OUTPUT SMALLER. NEW YORK, July 20 (#).—June was the foirth successive month in which the world's output of zinc showed a decline. Countries that produved 86 per cent last year turned out 90,719 tons, against 98,893 in May. The half year's output was 588,410 tons, against 539,402 tons in the first half of 1925. The United States pro- duced 48,226 tons in June, against 53,705 in Mag. 7% by FINANCIAL. RAINS IN NORTHWEST | SEND WHEAT DOWN { Corn and Oats Show Moderate Gains, With Provision Mar- ket Sagging Today. By the Associated Pr CHICAGOY July ~Rains in the northwest affording some relief from the drought and heat which have been | damaging the Spring crop brought about an early downward swing of wheat values today. Opening % to 1% low the wheat market soon showed a maximum set-back of about | Corn and nats were relatively | firm, corn starting at % off to J2 up| and later showing moderate general gains. The provision market sagged. In addition to timely rains helpful to the Spring crop, another distinctly bearish factor was operative in the wheat market today. First deliveries at on July ¢ontracts here were Although the amount of wheat s small, 10.000 . the event signalized the fact | at o heavy movement of new Win ter wheat from the Central States is just beginning and that some difficulty may be experienced in readily absorb- ng large arrivals here mad thus handed over W that ed nd today of Spring wheat is expect art in South Dakota ne ® However, latest reports available ap pear to indicate that under such cir- cumstances no erop movement in that State or in souther be expected regard wi AT— H) 143 1A % RS 41 Jom 107 106 Derember 1040 | GRAIN AND PRODUCE. | _BALTIMORE 20 (Special).— New potatoes, 1.00a3.5 bush- el, 1.00al : beans, bushel, g beets, 100, 3.00a4.00: cabbage, 10 a5.00; 3.0045.00; dozen, mbers, basket, : lettuce, box, bushel, 7 peppers, 30240 : onions. ripe. 1.00a sles, barrel, 1.25; blackber 4 3 ries, pound, 1 ; cantaloupes, crate ries, qua 20a 1.00a1.50; pineapple: aspberries, pint, wi melons, 100, 20.00a40.00. Selling Prices at Noon. Wheat—No. 2 red Winter, domes . spot, no quotations 2 rlicky, spot. 1.4 Corn—Domestic, No. 2 vellow 93 per bushel in carload lots, | spot, export, 86; No. 3, spot s—No. 51 per bush | Ry | bushel; | tations, Hay 2, 52 per bushel: No el, nominal. rby, old, 90a1.00 per 2, ‘export, &pot, no quo- —Receipts for today, none. The inquiry for hay is confined almost wholly to the better grades of tim- othy, choice, light clover miged ahd No. 1 clover, of which sorts there is no oversupply offering. Low-grade and inferior hay is dull and hard to move. Quotations, timothy, 26 per_ton, today—No. .00a26.50; No. 3 timothy No. 1 light clover, mixed. | : No. 2 light clover, mixed | i No. 1 clover, mixeq, 2 clover, 20.00a2 1 wheat, 13.50a14.00; . 1 oat, 14.50a15.00 CHICAGO LIVE STOCK MARKET CHICAGO, July 20 (United States | Department of Agriculture).—H { Receipts, 21,000 head: light hogs gen erally w k to 10 lower: medium and heavy butchers generally’ 10 to 25 lower; packing sows, 15 to 25 lower n vesterdav's average: top, 14.4( paid for 140 fo 190 pound averages. bulk desirable 160 to 210 pound weight, 14.00a14.35; to 325 pound most packing heavy throwout downw : bulk de- | t 14.00a 5 113.65 medium, light, 13.60a14.40 light light, 13.60a14.40: packing sows, 10.50a11.60: slaughter pigs, 13. 5 Cattle—Receipts, 7,000 head: better grades fed steers, vearlings and de- sirable lightweight heifers. 10 to 15 higher; spots more; light welght most active; lower grades and grass steers steady: 10.65 paid for vearlings some 1.302-pound steers, 10.60; sev eral hundred fed vearlings and me- dium_weight, 10.50; she stock strong to 25 higher; bulls strong; vealers largely 50 to 75 up; bulk to packers, 13.00; few 15.50; outsiders upward to 14.00. Sheop—Recelpts, 12,000 head; fat lambs steady to a shade higher; efght doubles Idahos around with sort, 14.40; early sales natives to_packers, 13.75; fat ewes, 5.00a7.00; feeders trong; two doubles 64-pound Montana feeder lambs with killer end, 14.00; one double around 72-pound feeder year- lings, 10.75; late yesterday, two doubles 65 to 66 pound Idaho feeder lambs, 13.50; few 76 to 77 pounds, 13.00; steady with late last week. s FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Bid, Asked "o | 0 1005 ° 1 3 1 1 1 1 3 SEPPEPPE 0 0 0; 0 0 0 0 0 0 0; q [ 0 GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) . Asked. Ger Gt (w In) 3s 1914-18. 1100.00 1175.00 Hamburg 418 1019 110.00 125.00 (Quoted_in dollurs per’thousand marks.) G Elec 4158 pre-war., 00" 24.00 c 4148 1919.. . | during the session, (' 1 increase in pl a | high | accompanied, howeve WASHINGTON GAS MARKET LEADER lPress Club Building Corpora tion Announces New Stock Issue in Bulletin. BY EDWARD €. STONE. Washingtgn Gas Light stock le the local market today, 30 sha selling at 68, and 10 more at 681 Capital Traction made up the frac tional loss of terd and sl shares sold at 104, while Potomac ectric Power preferred sold at 10815, an advance of ' of a poin over the last sale vesterday. Wash ington Railway & Electric preferred registered 8815, unchanged from yes-| terday. Two more shares of Second ational Bank stock changed han today at the prevailing price of 260 v gentlemen preferred bonds. which maintained firm prices pital Traction s0ld at 101 on a $1,000 turnover s 58 brought par on a transaction, and Potomac I 7s sold at 106%. There were, two sales in Washington Gas 6s, the first price being 104%, and the next 10313 on a very small lot transfer Southern Building 64s. which rarely ;;,,m came out today, selling at ) $1,500,000 Stock Issue atfonal Press Club nned. Bulletin Press Corporation agent for the Press Club. The ad tional funds are needed for the con struction of the three extra storfes which were not contemplated in the original y Part of the funds w be used to retire junior trusts subo dinate to the outstanding mortgage bonds but prior to the preferred stock. The junior trusts aggregate £950.0060. The statement says that the new stock issue represents “an increase of in liabflities outstanding the property but based upon income from original 11-story ilding this extra construction, in cluding press club quarters, gives ar sical assets estimated the at 60,000." As the plans now stand the building will be 14 stories high., The Fox Theater Corporation has already signed a contract for a 35-year lease for the theater which is to cecupy the lower interior. The estimated cost is $11.000,000; the architects are C. W. and G. L. Rapp of Chicago; and the builders he George A. Fuller Co. The building now is well under way. Credit At New High Level. The Federal Reserve Board reports that the credit of member banks in- creased in volume in June to a new level. The expansion no . by an increase in Federal Reserve bank credit in use b inflow of gold from abroad and the fact that there was little change in the demand for currency were at tributed as reasons for the Reserve of member h: s also were reported at a new high level, these increases occurring, however, outside of New York Cit where a slight decline was shown This decline was said to have resulte: from a reduction in loans on security, while commercial loans increased in volume, their growth being accom panied by a high level of industrial activities. Urges Bankers to Aid Credit Move. Solution of the great credit problem n connection with the distribution of motor cars can come only when com- plete co-ordination between banker, dealer, finance company, factory and other fmportant elements has been achieved, in the opinion of Osear Cool- fcan, president of the Packard Wash- ington Motor Co. Secretary Hoover has called many conferences on stand- ardization of parts, he says, and the result has been waste elimination and better production methods. Mechan ically the automotive industry is now as perfect as engineering genius can make it, but some permanent institu- tion devoted to the subject of credit would be productive of far-reaching and happy results. It is time for progressive actfon, he believes. 51 New Firms in One County. The Miami Better Business Bu as been in receipt of inquiries concerning stock in recently organize mortgage companies. The inquiries indicate an active campaign on they part of stock salesmen as well as an intensive move to establish new mort gage companies. The bureau asked the secretary of state for a list of the mortgage companies organized in Dade County since the first of the year. Fifty-one such companies had been organized with an authorized capitalization of a v $21.- Pty pproximately $21. - Other Financial Notes. erkeley Willlams, secreta: . C. & O. Stockholders’ pmmm."éél‘r mittee, states that the minority hold ings still represent 150,000 shares of stock. Some have sold their stock since the April meeting, but others bought an equal number of shares. The Federal Reserve Board's weel:! condition ement of 699 reporting member banks in leading cities as of July 14 shows declines of $49,060,000 and $91,000,000, respectively. in loans and discounts and borrowings from the Federal Reserve banks and fn. creases of $2,000,000 in investments ) £$41,000,000 in net demand deposits and $31,600,000 in time deposits, BANK CLEARINGS. NEW YORK, July 20. bank clearings, $96! York bank balances, §7 York Federal Reserve $72,000,000, New 00,000 Now .000,000; New Bank credits, WOOL QUOTATIONS. BOSTON, July 20 (Special).—Faif movement of quarterblood fleece and territory wools comprised the bulk of actlvity in the wool market today. Ohio fleece is moving at 43 cents, equivalent to 75 cents clean basts, with territory combing wools around 80 cents clean basis. Fine and fine medium territory wools Are quiet, but dealers continue to hold for 1.10a 1.12. Forelgn woools are quiet, with Commerz and Privat Bs Disconto Gellschaft Dresdner Bank. 33533 (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks a PP ' Monireal.” dofiar. (R e ran 1 i 183 :%x ' i 210 11000 §°1n ROWE, v K {ocknoim, cro little indication of easler prices in view of London strength. R DRY GOODS QUIET. NEW YORK, July 20 (Special).— Cotton goods markets were quieter at unchanged prices today. Print cloths, were quoted at 7% for 64x60's and 83’ for 68x72’s. Raw silks were quiet and little changed. et POTATO MARKET STEADY. CHIGAGO, July 20 (®).—Pota- toes—Receipts, 43 cars; total United States shipments, 377; on track 245: trading just fair; market about steady; Kansas and Missouri, sacked, Irish cobblers, 1.25a1.75, according to quality and condition: Virginia, bar- rel, Irish cobblers, 4.00a4.35. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Bld. .@M... 10732 100 o e 1§ 937