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NEW YORK STOCK EX WEEK ENDING JULY 24, 1926. Total Sales.. Same period & year ago. ~—1035-26— Low. Stock and di High. High. vidend. 84% 62 Abitibi Power & P (4).... T4% 45 43 Abraham & Straus. ... 104% Abraham & Straus 7% $0 Adams Express (6) « 10 Advance Rumely. . 47 Advance Rumely pf (3).. 7% Ahumada Lead (11)..... 86% Air Reduction (15) T4 Ajax Rubber. . 1 Alaska Junea, Albany Perf J Albany Perf Paper pf 7). All American Cables (7). Alllance Realty (2). 117 Allled Chem & Dye pf( 71% Allis-Chalmers Mfg (6).. 108% Allis-Chalm Mg pf (7).. 24% Amerada Corporation (2) 13% Am Agricultural Chem 36% Am Agriculturl Chem p! 34% Am Bank Note (1.60) 53 Am Bank Note pf (3) 21 Am Beet Sugar....... 65 Am Beet Sugar pf (7).... 16 Am Bosch Magneto...... 180 _ 90% Am Brake Shoe & Fy (6). ~128% 107% Am Brake Sh & Fy pt(7). 53% 30% Am Brown Bov Elec (2). 98 86% Am Brown Bov EI pf (7). £ 59% 388% AmCan (2)... x 1126% 115 Am Canpf (D)... 91% Am Car & Foundry (6 22% Am Chain Class A (2).... 37 Am Chicle (3)... 34% Am Chicle ctfs (3) 85 Am Chicle pr pf ctfs (7). 4% Am Druggists Syndicate. 7166 106% Am Express (6). o8 % 1% 16% Am & Forelgn Power 98 87 Am & For Power pf (7).. . 17% 7 Am Hide & Leather...... © 75% 38% Am Hide & Leather pf. 26% 24% Am Home Pr (2.40). 139 82% AmIce (110).... 46% 81% Am International 20 11% Am LaF Fire Eng 59% 20 Am Linseed 89 53 Am Linseed ). 144% 90% Am Locomotive (8) 924 115 Am Locomotive pf (7). 272% 71% Am Machine & Foundry.. 114 Am Machine &Fy pf (7). Y165 122 Am Snuft (12). 4715 87% Am Steel Foundries (3).. 116 108 Am Stl Foundries pf (7). '82% 47% Am Sugar Refining (5).... 306 91 Am Sugar Refining p£(7). 28% 14% Am Sumatra opt ctfs A.. 150% 130% Am Tel & Telegraph (9). 321% 85 Am Tobacco (8). 121% 84% Am Tobacco C1B (8) 318 104% Am Tobacco pf (6). 135% 103 Am Typefounders (8).... 76% 34% Am Water ‘Works(c1.20) 64% 19 Am Woolen...... 96% 66 Am Woolen pf (7). 715__ 1% Am Writing Paper pf. %™ % Am Writing Papr pf ctfs. %24 5% AmZincLead&Sm...... 48% 20 Am Zinc Lead & Smpt. 534 35% Anaconda Copper (3).. 46% 26 ‘Archer-Danlels-Midland. 300 90% Armour&Co of Del pf(7). “e714 13% Armour& Coof I (A).. 120% 5% Armour & Coof 1l (B).. f93 80 Armour & Coof Il pf(7). ‘31% 18 Arnold Constable & Co. .. 53% 39 Artloom (3) i 23% 15 Art Metal (1. 61% 87% Assoc Dry Goods (236). .. 102 94 Assoc DryGood 1st pf(6). 59% 32 Associated Oil (12.40.. 140% 116% Atch Top & Santa Fe (7 300 92% Atch Top &S Fe pf (5) 14 Atlanta Birm & At. 147% Atlantio Coast L({! : 20 AtlGulf & West Indies {60 31 AtlGulf&West Indles p! 328% 96% Atlantic Refining.. 67__ 45 Atlas Powder (4).. ~ 901 Atlas Powder pf (6). 9 Atlas Tack... 11 Austin-Nichols, 72% Austin-Nichols pf (7). 14 Auto Knitter Hoslery.... 2% Baldwin Locomotive (7). 105 Baldwin Locomo pf (7) 71 Balti & Ohlo (5)... 62% Balti & Ohio pf (4) . 83 Bangor & Aroostook (3).. 85 Barnet Leather 64% Barnet Leather pf (7). 18% Barnsdall C1A (2). 16 BarnsdallC1B (2 4% Booth Fisheries. . 25 Booth Fisheries 1st pf. 20 Botany Con Mills CIA(4). 25 Briggs Manufacturg (3). 15 British Empire Steel. - 1208 Brooklyn Edison Elec( ). 85% Broowlyn-Man Tr (4).... 72% Brookn-Manhat T pf (6). 68 Brookn Union Gas (t11). 291 Brown Shoe (2)........ . 24 Brunswick-Balke-Collen. 3 Brunswick Ter & Ry Sec. 48 Buff Roch & Pitts (4).... 86% Buffalo Roch & Pit pf(6). 43% Buffalo & Susque pf (4).. 921 Burns Brothers Cl A(10). 17 Burns Brothers C1 B (2). 66 Burroughs Adding (14).. 14% Bush Terminal 80 Bush Terminaldeb (7)... 4% Butte Copper&Zinc(50c). %% Butte & Superior (2) 17 Butterick Company 28 Byers (AM).... 53 By-Products (2) 100% California Packing (8). .. 23% California Petroleum (2). 1% Callahan Zinc & Lead. ... 45 Calumet & Arizona (6) 12% Calumet & Hecla (1%) 57 Canada Southern (3) 1861 Canadian Pacific (10).... 24 Case (J 1) Thresh Mach.. §0 Case (J 1) Thres M pf(7). 7% Central Leather Co...... 43% Cent Leather Copf...... 240 Central RRof NJ ($12). 12% Century Ribbon Mllls. ... 433 Cerro dePasco Copper(4). 3614 Certain-teed Products(4) 11% Chandler-Cleveland...... 28 Chandler-Clevpt (4).... 3 89% Chesapeake & Ohlo (112). 3% Chicago & Alton... 5 5% Chicago & Alton pf 29% Chicago & East Illinols. . 36% Chicago&Fast Illinols pf. 7% Chicago Great Western.. 16% Chicago Great West pf 8% Chi Mil & St Paul... 7 Chi Mil& St Paulpf..... 7 Chi Mil & St P ctfs of dep. 12% Chi M&St P pf ctfs of dep 47% Chi & Northwestern (4) .. 101% Chi & Northwestn pf (7). Tool (5).. 9! 45% Childs Co (32.40) 30 Chile Copper (2% 16 Chino Copper.......... 40 Christle Brown&Co(1.20 283 Chrysier Motor (3).. % 93 Chrysler Corppf (8).. 140 CleveCinChi& St L (7 58% Cluett-Peabody (5). 80 Coca-Cola (7)... 34% Collins & Alkman. 98% Collins & Aikman pf 27% Colorado Fuel & Iron. 44% Colorado & Southern. 60 Colorado & Sou 18t f(4). 45% Columbia Gas & Blecy () . 104% Columbia Gas & E1 pf(1). 45 Columblan Carbon (4)... Commer Credit (2). . Commer Cred 1st p£(6%). Commér Invest Tr (3.60). Commer Invest Tr pf (7). Commer Solvents B. 12 Congoleum-Nairn. ... 40t Congress Cigar (3). 26% Consolidated Cigar. . 79% Consolidated Cigar p£(7). 104 23 Consolidated Distributor. 3% 74% Consolidated Gas (5).... 104% 5% _ 14 Consolidated Textile e PL. 106% 106% 114 111 Low. Close. 74 4% 43 45 106% 112 12% ++H1l+ 1+ 014141410 PUILI*+ 100 b0 +1 ) - ¥ T++14++1 001000001+ xes e eosPReE"” es +1i+1 00+ 0 00 I+ 14+ 14+ +1 1 forey {5 B 1 S S R 3 0 1 T 16 O R R +1+111 11t T+ I+1 I+ 0111 +1++++1010111 Ca N RS A+ 1+ - & &5 Frxss” ot “2RFsratefresd rssrssssel - & & sefragasy Average price of 50 stocks. Same period @ year ago. High. 98% 126 144% 16% 48% 60% 98% 90% 386% 11% 61% 110% 96 170% 40% 113% 118% 22% 39% 956% 89 37% 49% 80 1168 188% 124% 6! Low. Stock and dividend, 60% Continental Can (16)... 114 Continental Can pf.(7) 108 Continental Insuran ( 83 Continental Moters (80¢c). 82% Corn Products Re? (12%) 44% Coty Inc (4).... aee « 98% Crown Wil Paper 1st (7). 64 Crucible Steel (5).. . 92 Crucible Steel pf (7). 7% Cuba Cane Bugar. 86% Cuba Cane Sugar p?. 89% Cuba Company (4). 20 Cuban Amer Sugar (2). ' 98% Cuban Amer Sugar pf(7). 18 Cuban-Dom Sugar (new) 71 Cudahy Packing (7) 62 Cushman'’s Sons (3).. 423% Cuyamel Frult (4). 273% Davison Chemical 82% Deere & Co pf (7) 133% Delaw: & Hudson . 126 Delaware Lack & Wn (17) CHANGE 36 Denver & Rio Gr West pf. 1 110 Detrolt Edfson Co (8) 33% Devoe & RayndsA (2.40).. 97% Devoe & Ray: st pf (7). 21% Dodge Brothers Class A. 78% Dodge Brothers pf (7) 10% Dome Mines (2).. 14 Douglas Pectin (1). 134% Dupont de Nemours($19) 94 Dupont debentures (6)... 106 Duquesne Light 1st pf(7) 106% Eastman Kodak (18)..... 10% Eaton Axle & Spring (2). 11% Eisenlohr & Bros........ 61% Elec Auto Lite (16%) 4 Electric Boat... 15% Blectric Power g1 89% Elec Pow & Light pf (7).. 99% El P&L pf ctf 40% pd(7). I 100% 11 P&L pf ctf full pd(7).. 1 62% Electric Refrigeraon(f2) 60% Electric Storage Bat (16) 7% Elk Horn Coal. . 8 Emmerson Br pf ¢ 63% Endicott-Johnson (5) 99% Equitable Of Bldg pf ( 22% Erle...... 33% Erle 1st pf. 80 Erle2dpt. 43 EurekaVacuum Clean(4). 14% Exchange Buffet (1%). 823 Fairbanks-Morse (3 90% Famous Players (J10). 108% Famous Players-L pf(8). 26 Fed Lt & Trac (*1.40) 15% Fed Mining & Smelting. .. 49% Fed Mining & Bmel pf (7). 91% First Nat Pic 1st pf 19.44 80 First Nat Stores (1% 10% Fisk Rubber. Ry 76% Fisk Rub 1st pf stpd (7). 94 Fisk Rubber 1st pf ev(7). 82% Fleischmann Co (12%).. 150 85 Foundatidn Co (8).. 56% Fox Film Class A (4). 101% Franklin Stmon pf (7) 8 Freeport-Texas. 28% Gabriel A(14%) 4% Gardner Motor. 39 Gen Am Tank Car (3) 96 Gen Am Tank Car pf (7).. 42% Gen Asphalt. 86% Gen Asphalt pf (5). 46 GenClgar (4).... 104 GenCigardebpf (7)... 79 General Electric (H3). 285 General Electric (I12)... 10% Gen Electric Spec (60¢). . 34 Gen Gas & Elec A (E1%). 105% Gen Gas & Elec8% pf A. 92% Gen Gaspf B (T)....... 64% General Motors (16).... ! 102 Gen Motors pf (7).. 26% Gen Outdoor Adv (2) 45% Gen Outd AdvCl A (4). 90% Gqn Ry Signal pf (6)..... 45% Gimbel Brothers......... 12% Glidden Company (2) Goodr ) 92 Goodrich (BF) pf (7)... 98% Goodyear Tire&Ru pf(7). 86% Goodyear T & R pr pf(8). 47% Gotham Silk Hosiery (n). 38% Gotham Silk Hos (23%)... 13- Granby Consolidated. 60 _ Great Northern pf (5) 19. Gt North 89 Great Wi 107 Great West Sugas pf (7). 9% Greane Cananea Copper. . 28 Gulf Mobile & Northern 62 Gulf States Steel (5). 42% Hanna (M A) 1st pf 25% Hartman Corporation 30 Hayes Wheel (13%). 43 Homestake Mining (17).. 84% Household Prod (13%)... 50% Houston Oil 16% Howe Sound (8)..... 21% Hudson & Manhat (2%) 64% Hudson & Manhat pf (5). 83% Hudson Motor (3%). . 14% Hupp Motor Car (1) 111 Illinois Central (7). 13% Independ Oil & Gas' 13 Indian Motorcycle (2) 6% Indian Refining. 6 Indian Refining cf 77 Indian Refining pf 77 Ingersoll-Rand (14). 34% Inland Steel (2%).. 104% Inland Steel pf (7). % 20% Inspiration Copper (2). 40 Internat Agri prior pf(7). 38% Int Business Machime(3) 81% Internat Comp Eng (2). 96% Int Harvester (6)..... 113% Internat E -~vester pf(7,. 53% Internat Match pf (3.20). 6% Internat Mer Marine. .... 27 Internat Mer Marine pf. 24% Int Nickel (2).. 44% International Paper (2).. 86 Intern. “aper =f (7).... 18 Internat Rys of Cent Am. 87% Internat Tel & Tel (6).... 18 Intertype Corp (11%).... 16% Jewel Tea..... 118% Jewel Tea pf (7). 10% Jones Bros Tea. 21 Jordan Motor Car (3) 99 - Kan City Pr&L 1st pf(T} 28% Kansas City Southern.... 57 ¥ansas City South pf(4). 18% Kavser(Jullus)& Co(3).. 3% Kevstono Tire & Rubber. 54 Kiuaey (GR)Co (4). 93% Kinney (G R) Copf (8).. 2614 Kresge S S (1.20).. 16% Kresge Dept Stores. . 110% Laclede Gas (8) 19% Lago Oil & Tran 39% Lambert Co (33%4). 8% Lee Rubber & Tire. 69 Lehigh Valley (3%). 80% Lehn & Fink (3). 17% Life Navers (1.60). 57 Liggett & Myers (14) 55% Liggett & M C1 B (14). 53% Lima Locomotive (4) 22 Loews Inc (2). 6 LoftInc..... ;s 423 Long-Bell Lum CI A (4). 8 = 46" % 77 Loose-Wiles Biscuit..... 126 104 Loose-WilesBis 2d pf(7). 30% Lorill;=d (P) Co (3)..... 2% 108% Lorrilard (P) Co pf (7).. 12 Louisiana Oil Refinin; . ‘981 Louisiana Oil pf (7). 3 22% Louls Cas & E1 ClA(1%) 106 Louisville & Nash(16%). 80% Ludlum Steel(3) . 72 McCrory Stores B (15.60) 102% McCrory St pf (7)... 183% 38% 115% 17 96% 26% 1 16 Molntyre Porc Mines (1) 3 16% Mallinson & Co. 56 Manati Sugar pf. 42% Manhat Blec Sup(53%)-... 64 Manhat Blevated gta (1)} 82 Man, Elev mod gtd (DG Year to Date. Low. 189.16 109.63 . 116.45 101.16 2% 113% 16% 34 39% . 118% 134% 72 100% 1 120 133%1133% 32 33 118% 16. 119% 18 106 184% 72 01% 1 39% 39% 1% 60 . .60 9% 0% 63 385 2 11T E+ 1+ Net. £ Foasfesss ssefsf el 4 B ) - 141 I+1+1++] - s ¥ ES & SERE S Lo VLS 1 - ° % w, = FeeE A8 woe ++00+1+0000010 onn FSES FEF trret LR RIS + 1+ +1 ERE Fxed” sxrs”Rex I R R R R B R i T e oy ol M RS Li+ia+1 1 FEETCNRE o Utei=rt LI+ +01 1 Pl 41 ] |1y become oversold during the first (CANADA WEATHER SENDS WHEAT UP Price Closes Virtually at Top Level—Kansas City Re- ceipts Record. By the Associated Press. CHICAGO, July 24.—Prospects of a hot wave in Canada did much to bring about a sudden upturn in wheat vales today. Closing quotations on wheat were strong 1% to 1% cents net high- er, corn 1% tos13 up, oats at 3 to 1% gain and provisions umchanged to 20 advance. ‘Wheat finished virtually at the day's top level. In addition to fears of crop damage in Canada, reports were current that ‘big chartering of vessel room for wheat was in progress at the Gulf of Mexico. Under such cir- cumstances the market rose rapidly in the late dealings, having apparent- part of the day. An exaggerated re- port of increase of wheat stocks at Kansas City had a good deal to do with causing sellers to put themselves in a false position. Early advices said that since Monday there had been 2,281,000 bushels enlargement of the amount of wheat on hand in Kansas City, but later this was corrected to 1,281,000 increase. Kansas City receipts of today never- theless set a new high record, 1,109 cars. Indications point also to large primary arrivals on Monday and to a good sized increase of the United States visible total. The outlook for possible renewal of crop re- ports from Canada, however, operated more than an offset for the.liberal ‘Winter wheat movement and for other béarish factors as well. Besides, considerable buying here was done on account of a report from it was pointed out, could easily be used by Minneapolis mills alone. Tiinols and Indiana dry weat reports outweighed in the corn market the influence of Nebraska and Iowa rains. Oats developed independent strength as a result of unfavorable crop reports from wide range. Provisions responded to upturns both in hog values and in n. DRY GOODS SALES GOOD. More Business Done in Colored Cot- tons in Small Lots. NEW YORK, July 24 ().—Cotton sales for the past week ex- ceeded production in the gray goods division. Printed ' goods have sold freely. More business has been done in colored cottons in small lots. Wash goods lines will not be generally open- od for Spring until late next month by seyeral of the larger factors. Job- bers did a moderate amount of small- lot business. Yarns closed steady, a better volume of business having been done during the week. Wool goods for Fall clothing use have sold more freely since the threat of a New York strike was removed, but owing to a continuing strike in the garments trades cloakings and dress materials moved out slowly. Business on tropi- cal weights for Spring, 1927, has been larger than a year ago. Silke con- tinued quiet. Raw silk advanced at Yokohama 10 cents a pound. Bur- laps were easler with demand light. Linen markets were moderately active. % ~1925-26— High, Low. Stock and dividend. 66% 89% Market St Ry prior pf. 35 18% Market St Ry 2d pf. 63% 32% Marland O1l (4). 38 10% Marlin-Rockwell (2) 37% 17 artin-Parry (2). 107% 61 thieson Alkall (4).... 189% 101 May Dept Stores (5) 1 125 116% May Dept Stores pf (7). 19 Maytag Co (2) sy 18 Metro Goldwin pf (1.89) 6 Mexican Seaboard. 8 Miami Copper (1). . 26% Mid-Continent Petroleum. 8 Middle-States Oll. 7% Middle States Ol otf: 96 Midland Stl Prod pf 80 Miller Rubber ctfs (2)... 4 1% Minneapolis & St Louis. . L4 57% M StP&SSM lsd lines (4). 47% 28% Missour Kansas & Tex. . 96 74% Mo Kansas & Texas pf (6) 41% 27 Missour! Pacific.. 3 98% 71 Missouri Pacific pf 99% 64 Montana Power (5). 109 Montana Power pf (7) % 41 Montgomery Ward 19% Moon Moters (3) . 5% Mother Lode Coalit (%). 19 Motion Picture (1%). (#11) 114 36! Mullins Body. 80% Mullins Body p! 30% Munsingwear (3) 8 Murray Body. 52 h Motors (13). 4% Acme (stamped). % 65 Nat Biscult (143%)... 123% Nat Biscuit pf (7) 38 Nat Cash Register (3) 42 Nat Dairy Products (3). 25% Nat Dept Store: 12% Nat Distillers Products. 5% 214 Nat Enam & Stpg. % 138 Nat Lead (8).. 16% Nat Power & Light (40c). 8% Nat Rys of Mex 1stpf... 1% Nat Rys of Mex 2d pf. 54% Nat Supply (4). 119 Nat Tea Co (4) ie 11% Nevada Consol Cop (1). 31% N Y Air Brake (2) 81% N Y Camners (C2).. 83 N Y Cannerspf (6),... 118% N Y Central (7).... .. 1 Yy 18 118 N Y Chicago & StL 88% N Y Chi & St L pf (8). 18 NY Dock.. 161% N Y & Harlem (5).. 100 N Y Lacka & West (5)... 28 N Y New Haven & Hart. 19% N Y Ontario & Western. . 5 N Y Rallwaysptfc 110 N Y Rwys (2d stpd).. 27% Niagara F Pw Co pf(1% 21% Norfolk Southern. t 8 Nunnally Co (1%) 30 Ofl Well Supply (2)... 103% O11 Well Supply pf (7) 14% Omnibus Corp. 18% Onyx Hosiery (3.20). 78% Onyx Hoslery pf (7) 41% Oppenheim Collins (3)... 25% Orpheum Circuit (2) 98 Orpheum Circuit (pf (8). 87% Otis Elevator (6). 8 Otis Steel. 50% Otis Steel pf . 42%.Owens Bottle (14)..... 110% Owens Bottle pf (7) 102% Pacific Gas & Elec (8).. 1 Pacific Oil Stubs. 15 Packard Mot Co. 13% Paige-Det Mot Car(1.80) Pan-Am Pet & Trans () B 2% Panhandle Prod & Ref 87 Panhandle Prod & Ref 36% Phillips Pef 18 Phoenix Hoslery 10% Plerce-Arrow. 43 Plerce-Arrow pf (8) 5 Plerce Oll. 13% Plerce Oll pf. 3% Plerce Petroleum. 29 Pitts Coal. 3 70 Pittburgh Coal pt 139% Pitts FtWayn&Chi pf(7). 30 Pitts Terminal Coal 79 -Pitts Term Coal pf (8). .. 63 Pittsburgh & W Va (6).. 1 64% Postum Cereal (5)..... 343 Pressed Steel Car. 76% Pressed Steel Car pf (1) 11 Producers & Refiner: 27 Producers & Refiners pf 62% PublicService N J (5) Public Service N J pf(1). 109 Public Service N.J pf(8). 96% Public Service pf (6). .. 923 Public Ser El&Gas pf (! 129 Pullman Company ‘Punta Alegre Su 26% PureOil (12) 103 Pure Oll pt ( 32 Radio Corp of Am 44% Radp! Gor of Am pf(3%). 68% R R Seo 111 Cen ctfs (4). - 323 Rand Mines (a1.52) # 10% Ray Cons Copper (1)..... 86% Reading 2d pt 41% Reld Ice Cream (3). 43% 46% Remington Typewriter. .. :}:fl( 100 Remington 1st pf (7). 8% Replogle Steel ‘ 42% Republcl Iron & Steel(4). 84% Republic Iron & St pf(7). 5% Reynolds Spring, .. < 72% Reynolds Tobacco B (5). 7% Robert Rela& Co. ...+ High. Low. Close. Chge. 43% ! % 90% 109% 120% 9 % 26% 26% 110 . 110 *Net. | ~1 High. 108% Low. 43% 48% 1 3% 1 6% 1 - ) ESESEFEFES - 8 B 43 i+ + 10000+t e = 11 i EE PR E S SRR R - 20 70 B 1 i T I T I O O O O | IS - 91 52 O B T S X - & 72 Li4 T+ 1+ 120% 120% 99% 99% 102 108 173% 174% 33% 884 $ PR+t 41 48% T4% 34n 18% +++ LB I+ @ 6% 5% % % % 8% 1*_5 2l % 3% 5552 1 B o8 B 91 66% 66% - 1% = %)) 112 Studebaker Co pf (7) 1% Submarine Boal 80% Sun Ofl (f1). 1% Superlor Ofl. 19% Superior Steel ( 5% Sweets Co of America. 7% Symington. ..... 16% Symington Class A (2) Telautograph (60c). .. .. 7% Tenn Copper & Chem (1). 42% Texas Co (3) 4z 97% Texas Gulf Sulphur (10). 42% Texas & Pacific. ... 10% Texas & Pac Coal & Oll 210 Texas Pac Land Trus 27% The Fair (2.40) 18% Third Avenue. 42% Thompson J C (3.60) 30% Tide Water Oll (1%) Tide Water O1l pf (6).... 87% Timken-Detroit Axle(t4). Tobacco Products (7).... 1 93% Tobaced Prod CLA (7)... 3 Transcontinental Ofl.. 58 Twin City Rap Tran (5). 38% UnderwooG Typewr (4).. 85 Union Bag & Paper. 78 Union Carbide (5). 33 “Union Otl of Cal (2). 133% Union Pacific (10). 78% Union Pacific pf (4). 84% Union Tank Car (5)... 24 United Alloy Steel (2) 60% Utd Clgar Stores (c2). 110% United Drug (8) . bt 52 United Drug 1st pf (3%). 98 United Fruit (4) . 11 18% United Paperboard (2)... 113% US Cest 1P & Fdy (10).. U S Cast I P & Fdy pt(7). 30% U S Distributing. . 23 U S Hoffman (13%). 45% U S Industrial Alcohol. .. 99% U 8 Industrial Alco pf(7). 48% 11 S Realty & Imp (4)...+ 33% U S Rubber...... 92% U S Rubber 1st pf 30 USSmelt Ref& M (3%) 44 USSmelt R&Mpf(3%). 112% U S Steel (7).... 1% 122% U S Steel pf (7). .. 106% U S Tobacco pf (7). . 13% Univer Pipe & Radiator. . Univer Pipe & Rad pf (7). 82 Utah Copper (5). o8 28% Utl Pow &Lt A ( 25% Vanadium Steel (3). 44% Vick Chemical (3%) 86 Vicks Shrevept & Pac (. 12% Virginia-Car Chem(new 43% Va-Carolina Chem pf (6). 52% Va-Carolina Chem pt (7) 30 Va Iron Coal & Coke..... 70 Va Iron Coal&Coke pf(5). 26 Vivaudou (new).. v 94% Vivadou pf new (7). 3 19% Wabash........ B6% Wabash pf A (5) 143% Waldorf System (1 12% Walworth (1) 51 Weber & Hellbroner (4).. 881 WestPenn Electric A (7). 95% West Penn Elec pf (7)... 11 Western Maryland....., 16 Western Maryland 2d pf. 19% Western Pacific. ... ‘Western Pacific pf (6). .. 116% Western Union Teleg(8). 97 Westinghse Alr Br(16%) 65 West'house EE & M (4)... 9% Weston Elec Instrument. 18 Wheellg & Lake Brie. .. 22 Wheeling & Lake Erle pf 9% Willys-Overlapd. 72% Willys-Overland p ‘Wilson & Conew... 14 Wilson & Co'A (new). % 42 Wilson& Copfnew.... 112% Woolworth F' W (15). 20% Worthington Pump...... 53 Worthingn Pump pfB(6). 16 Wright Aeronautical (1). 45% Wrigley (Wm Jr) (14) 60% Yate & Towne Mfg (15).. 20 Yellow Tt & Coach(75c).. 90 _Yellow Tr & Coach pf(7). 100 Youngstown S&T (4)... 5% Am Tel & Teleg Aug2... 3% Famous Players July 23. 8 Int Cement, Aug 11...... 6% Int Telephone & Teleg. . . % Manilaa Electric, July 30, 1% N Y Air Brake Aug 2.... 16% Reading Rwy Jan 1'97.., % Yellow Truck, Aug 6..... Dividend rates as given in the above table s | payments based on_the Tatest Guarterly or half yearly dec ayg | Unless oberwise noted, extra or special dividends BUTTER IS EASY. Market Unsettled and Trading Is Reported Quiet. CHICAGO, July 24.—The butter market ruled easy and unsettled with the trading qulet. Supplies were ample to meet the light demand, but buyers, howéver, showed practically no interest. The centralized car mar- ket. was easy at unchanged prices. Trading was dull with not enough business reported to any price change. Fresh, 92 score, 38 Centralized, 90 score, 29. BALTIMORE LIVE STOCK. BALTIMORE, July 24 (Special).— The general live cattle market rules steady under a fairly good demand, but_centers almost entirely on top- grade stock. While receipts are run- ning only fair much of the stock con- sists of common to ordinary cattle, which is slow to find favor even at in- side prices. Quotations today at Light street arf; Beef cattle, first quality, Donland. ‘pou ncy, pou: mmon to fair, pound, 3 to 4; oxen, as to quality, pound, 4 to milk cows, cholce to fancy, head, 50.00 to 76.00; common to fair, head, 30.00 to 50.00; calves, veal, choice, potnd, 11% to 12; ordinary to medium, pound, 9 to 11; rough and common, pound, 7 té 8; small culls, pound, 6 to 7; -hna, choice, pound, 7 to 8; old bucks, pound, 5 to 6; common, pound, 3 to 4; lamb, Spring, choice, pound, 13% to 14; fair to good, pound, 12 to 13; common, thin, pound, 8 to 10; hogs, straight, pound, 13 to 14; sows, pound, 10 to 12; stags, pound, 6 to 8; old boars, pound, 4 to 6; live- pigs, pound, 26; shoats, pound, 16 to 20. —_— Failure of the lime crop in the West Indies has caused special attention to be given to cuiture of the fruit. Stock and dividend. 48% Savage Arms (4) 42% Schulte Retall St (§8). 20% Seaboard Alr Lin 81% Seaboard Alr Line pf. 12% Seagrave (e1.20).. 44% Sears, Roebk & Co (2 4% Seneca Copper........ 40% Shattuck (Frank G) (2).. 39% Shell Tr&Trad (a86%c). . 21% Shell Union O1l (1.40). 99% Shell Union O1l pf (). 51% Sheubert Theatre. . 31% Stmmons Co (12%) 100% Stmmons Co pf (7).... 16% Simms Petroleum (1). 17 Sinclair Consol Ofl.. . 78% Sinclair Consol Oll pf(8). 21% Skelly 011 (2) 80% Sloss-Sheft St 62 South Porto Rico Sug(6). 99% So Porto Rico Sug pf: 11 80% Sou California Edison... Southern Dairies A (4). 22 Southern DairiesB.... 96 Southern Pacific (6) . 77% Southern Railway (7). 83 Southern Rallway pf ( 72 Spear & Co pf (7) 16% Spicer Mfg...... 40% Standard Gas& E 50% Standard Gas & El pf 62 Standard Milling (5).. 52% Standard Ofl Cal new ( % 38% Standard Ollof NJ (1)... 116 Standard Oil of NJ pf(7). 4% Standard Plate Glass. . 62% Sterling Products (5). 55 Stewart-Warner (6). 3% 2% g % %) 2 2% Frrad s &1Ir (6). TEF31FE4 3 IV IR AT AL L iy e 2 ¥R2"R" (g4). ) 23 (ERERER * +¥+11 o & [N & ) & L I -3 & Ersas @ IEEERES SRRE N E NN ®). s N el I o U O 5 B +11 ) ). & e ¥ %) Firbli++t1+11 x FFessffreses? Lo N % o L 6 % Slz 68 26% 82% % % % LY kel 2% 17%. 2% 1% 17 1% 1% — 11 - are the annual cash are not included, larations. AR R 14 | march from $33 BILLIONS OF AMERICAN MONEY | SPENT IN FRANCE SINCE 191% Tourists. Have Been Taking Golden Eggs to' Parise All the World Has Marketed Millions of Dollars’ Worth of Bonds in U. S.—Gossip. BY I A. FLEMING. The spectacle of excived and irri- tated French poople attacking Ameri- can tourists ceems to flud a counter- part in one of Aesop’s fables, as the American tourist has been the peren- nial, the consistent carrier of golden e to Paris and other parts of La Belle Prance, Today there are other thousands of Americans planning to go to Europe, and e schedule includes, as a mat- ter of course, Paris first and other centers of the republic later on. These facts are too well known to need substantiation. One Washington financial institution during.the past year has sold nearly 100,000,000 francs to those contemplating travel abroad, while in every prominent city from San Francisco on the West to New ;:::nhAge r ha;et been ’ buying oney, r what is betts far, dollar exchfinge. by France has been acquainted with dollar exchange for many days. Amer- ican Express checks, A. B. A. checks and drafts on Brown Bros., Morgan & Co. and othef - American bankers have long been ‘reated as current cash in France, &¥en in small towns. Has Pald French Debt. ‘There is small drubt but the Amer!- can tourist has in the years since the war furnished to t%e people of France :':fi :;.;ra met _l‘.emount of the pro- lement—in the dim, future—of the dekt. B Flooded the {nited States. In the years fofbwing the armisti the bankers of America, tnat is the big houses with forelgn’ connectons, —J. P. Morgan & Co, Kuhn, Loeb& White, Weld & Co.; Guaranty Co. Co.; f New York, fpeyer & Co. and others, of 8 | with memberd of their syndicates on this side of the Atlantic—distribut tens and hundreds of millions or“dz?- lx::k:vtor:g :: bon;!: on the American ., thee entirely se) 'rom any war debt financing. PR J. P. Morgan headed the syndicates on the greai majority of the finan- cing, and very few of these bonds are ::;l:;ly the banks of the United States The Publio Is the Owner. m sold . $210,000,000, 1941-49; France, $240,000,000, wilhdl:: same maturities, while many French cities secured fat loans. Practically the entire world called on the Ameri- can banker for money und received it. Many of these issues were brought out below par to stimulate interest by reason of the high rate of return. Practically all issues were safeguard- ed by sinking fund features and have been operative in this respect for some years. Thus the first $100,000,- 000 French 7% per cent 20-yeisr ex- ternal gold bonds issued in 1921 pro- vided for $9,000,000 per annum sink- ing fund for the first five years in % | monthly installments of not ess than $750,000. The second loan prov for.'4.400,000 annual slnkl:g ;ll(}:g and®the third for $4,200,000 annually. The foreign bond market has been very active of late, nor has there been anything approaching extreme lnfirvnumeu among. holders, but in cases, save for some few strong Spots, = quotations are considerably lower than when marketed. Must Be Renewed. At the present rate of recove: ry in France it would appear that it would be impossible for France to meet her external loans to America when they mature and that they will have to be renewed, all of which will be easy of accomplishment provided earnest efforts are made by France to get lql’::;: zol.:i“ton to accept the inevitable, nts against Amg t e Otn oy g erica and get That there is such a demand ;::;; \:om.:; fl;lat they hold so v::lli o the nlg(; . most encouraging ntinental Europe is and until the step has wafigfiffi a 'obibvl: rtn'.)n.l !'li;m"rootlng the con- servat; n e, will keep his resources 2 The Home Market. year ago at this time t stn?e(dm&rket presented qulteh:nl:cnal} n;; appearance, even though ur uld have been the dullest season of Bt:;,vea.r. according to precedent. Bank shares furnished the medium of the Summer revival and the spurt was sufficient to carry the m!rv‘ll gln;:lgh into the Fall and Wlnteg : sslfi”pfiges were established on many ! of both national banks’ and l;l:‘;;t companies’ shares under the lership' of Riggs Natfonal on its 0 its present high figure " "0 there to While the let-up in tradi stocks dld not develop until tin oLk ter was neari mibii g ng its end, the stoppage of buying was complete and has so ;;!:a.gnsg during the greater part of & dn:. ng and all of the Summer But it has not been attend any pressure to liquidate, holdegrswril;}; being inclined to press shares to a sale. Despite this fact there has been considerable: more or less nominal loss l'g ":u;n:umn'enl tpfl;:es, amounting in ces to 25 . 5 points and even Banks ave enjoyed another pros- perous year despite the abundance of money and rates have been uni- foggl{u well maintained. nditions have been somewhat helped by the improved status of Lanston, under the new management, reduced salaries, the introduction of modern business methods, and also by the well sustained demand for Wash- ington Gas, on the theory that the Utility; Commission will permit revalu- ation, which of necessity will give the corporation an opportunity to charge higher prices for its product. All other shares have been de- cidedly quiet, the making of quota- tions with each day's call being list- less and more or less indifferent, but without sign of weankness in the list, with Potomao prefarred and Mibrgen thaler acting well. It is interestiny to find the follows ing penned by Eugene E. Thompson of Crane, Parris & Co. and a direc- tor of the Washingion Rallway and Electric Co., as well as more or less prominently to the fore in the pur- chase of local utility shares by the North American Co. “A circular mailed recently by a New York firm outlining the possi. bilitles in purchasing Rallway com- mon is responsible for its advance from a bid of 175 to 195 without sales. The same tactics were adopted last year when this stock was run up to 250. It 1s understood that an unsuc- cessful effort was made to dispose of a large block of stock at that time. The circular is so worded as to lead an investor to believe that a minority holding ‘is all gold.” “There might be some future pos- sibilities along these lines if the com- mon was the only voting stock. Con- trary to such bellef, the preferred stock, of which there are 85,000 shares outstanding, against 65,000 shares f the common, has equal voting rights. This is exactly the position taken b hundreds of \ashingtonians when the common stock was belng run up in wild action and the preferred dragged along at a slow pace, the while speculation was agog over what was “agoing to happen,” and con- tinued rife with one man's guess as good as another’s. The net result is that some one has a lot of stock bought at high prices on which a 5 per cent annual divi- dend must satisfy and the preferred sharebolders have shares with equal Voting power quoted at 88% a share netting better than 5.6 per cent on the investment. ¢ At the asked prices dt this writing 210 and the bid price, edmittedly close, at 205, it doesn't require any figuring to indicate that this invest- ment is not quite equal to 2% per cent a year. A dissertation _on the intents and purposes of the North Amefican Co., in its acquisition of large'amounts of the common stock of the Washington Railway and Electric Co., and the chances for a merger as of today:. would be welcomed. Moreover, thers would be more news in it than in an item regarding the dual voting power of both common and preferred shares of the same company. Intangible and Personal Taxes. Returns as to intangible property holdings, money in pocket, tills and banks, other than with exemptions of $500 in savings banks, must be filed with the tax collector of the Distriot by July 31—reports being based on holdings and values as of July 1, 1926. ’ Lost, Strayed or Stolen. An article by John Poole, president of the Federal-American National Bank, on “Sdving,” duly edited and prepared for publication, was mislaid in the editorial rooms of The Evening Star, in company with the MSS. of an article which should have appeared in this column last Sunday morning. Mr. Poole, it is recalled, advised that the regular pay day savings de- posit be made before beginning the allotment of money for other pur- poses. It was a well prepared, care- fully thought-out, logical appeal for thrift in the interest of the saver. Regret is expressed at its loss. South River Pleasures. Gently flowing, slowly ebbing, beau- tiful broad clear waters, South River, five miles before it enters Chesapeake Bay, is one of the most beautiful streams in America. On both banks pretty Summer homes with well-kept lawns and broad porches, house gay parties, while cool salt breezes add to the comfort of those fortunate enough to be invited to enjoy the privileges of days of rest and comfort, with the for- tunate residents. Amusements are crabbing and bath- ing in the salt water chiefly. Several Washington bankers were out that way a fortnight ago, more today. DAIRY PRODUCTS. BALTIMORE, Nly 24 (Special)l.— Receipts of nativé and nearby eggs have continued fAlr the past week and the quality of Most arrivals doubt- ful, they are slow to move unless of- ferred in buyer’s fa¥or, while strictly freshly gathered eggs are -wanted, and when here, readily bring a pre- mium over the average offerings. On the exchange, the buyers are slow to take hold. Shippers are advised to use more careful grading and ship promptly to realize top values. The market closed easy today at 27%a29 a dozen, for firsts in free cases, but eggs must show quality to bring top prices. With the exception of large spring _chickens, which are in good demand, the live poultry market rules easier under more liberal receipts, the past week. Demand for Spring chick- ens 2 pounds and over, continues good with no over-supply of this sort, at 38a40, a pound, but small chickens, especially leghorns, are in excessive supply and the market is easy at 30a37 for small springers and 25as2, for leghorns, as to quality and con- dition. Old hens have been in more liberal receipt, and only fair demand pre- vailing at 27a30, while small Yowl and leghorns will not bring over 20a22. Old roosters in fair demand at 20. There is a fair demand for Spring ducks of desirable size, at 25a28, but for smail birds there is hardly any outlet, while old ducks will not bring over 15a22. There is very little de- mand for pigeons at 30a40 a pair, and receipts are amplé for ali trade wants. SPLIT UP OF STOCK. NEW YORK, July 24 (#)—Interna- tional Securities Trust of America has authorized a split up of common stock. on the basis of three for one to stock- holders of record today by exchange of one common share for three of the new shares of beneficial interest in the trust. Financial Highlights of Past Week Brought Out in Nutshell by Statistics $ High. Stocks (average of 50 issues).......... 120.33 Last Week. High. Low. , 199.63 12815 This Weel. Low. 127.68 Bonds (average of 40°issues) .......... Unfilled steel orders .... . Pl‘lronvroduct!nn.. . wee ¥ _ 462 $413,693,412 1708 $29,407,523 Week of July 10, 1926, 900,977 43,728 An fes . 4rain and grain products . Forest products . W.Im)flum % Foreign Bonds (average of 10 issuesy.. This Week. Last Weak. 4% 5. 4 < . 4% to 4% 4% to 4% Mionth of Month of May, 1926. June.' 8,649,250 3,710,450 112,304 89,115 Month of June, 1926. 3,478,642 107,884 462 B . 463 $392,913,742 $384,321,193 1,780 1,745 $33,643,318 $36,701,496 Previous week, Year ago. 1,072,624 986,893 51,98 38, oA