Evening Star Newspaper, August 7, 1926, Page 24

“ tively * LATE BUYING WAVE SWEEPS MARKET General Motors Leads Ad- vance, Soaring to New High at 217. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, August 7.—Today's stock market session closed with a wild wave of buying in which numer- ous of the recent favorites were push- ed up to new high records. General Motors leads the advance, soaring toa new high at 217." Other stocks that made new highs were Du Pont, Atchison, United Cigar, Westinghouse Air Brake and Southern Raflway. The leaders were in urgent demand at the close. The sudden taking up of General Motors again restored confidence to the speculative element and the buy- ing extended to other groups which had been prominent yesterday. Gen- eral motors was carried up sharply from its yesterday's closing of 207%, but other motor shares failed to be influenced by the strength of this issue. Steel stocks reflected the optimistic reference in the week end steel trade review to the continued good rate of operations at ‘the steel centers. United States Steel common was actively bought above 151, where it compared with the previous final of 150%. The independent steels wer in urgent demand with Youngstown and Republic Iron and Steel particu- larly prominent. Gulf States and Bethlehem bore their share in the improvement, but their advince was not as pronounced. Crucible Steel was looked upon as one of the group in the best position to respond to trade improvements. Railway shares maintained the place of prominence th held on the pre- vious day with New York Central at & new high record across 138 and an urgent demand making itself felt for Atchison, Missouri Pacific and the shares of Northwestern roads. The familiar procedure of taking up new industrial specialties again re- sulted in substantially higher prices for Warner Brothers Pictures, class A, Pathe hange, International Combustion, Famous Players, Allied Chemical, Commercial Solvent 8, Union Carbide and Carbon and United Cigar. Trading in French francs-quieted down today after the activity earlier i the week. Quotations most of the time were a shade under 3 cents and off from the high of the day betor Conservative opinion was that not- withstanding the progress made by the Poincare government, the rise in the franc had been too rapid and a period of rest was in order. French dollar bonds, however, moved up again, confidently regaining the loss sustained late yesterday. The general bond market was quiet but steady. Commodity small were rela- lower iov- The movements Cotton opened but trading lagged pending the ernment repor due Monday. grains were irregular. Markets at a Glance W YORK (#).—Stocks, strong; Atchison, New York Central and Southern Railway at new highs. Bonds, firm; French issues higher. Foreign exchanges, irregular; French and Belgian fran Cotton, lower; favorable w gar ant coffee, holiday. N , WALL STREET BRIEFS W YORK, August 7 (®.—The 40-cent dividend declared yesterday by directors of the Standard Ofl Co. of New York makes that company one of the mrsm dividend payers on com- mon stock in the Standard Oil group, being exceeded only by = tandard (‘)ll of Indiana, which this year will dis- tribute close to $32,000,000 including extras. Since the Standard of New York paid a stock dividend early this year of 25 per cent. The new $1.60 Dasis is equal to $2 annually on the stock held prior to the stock dividend. On the basis of all general petroleum shares being exchanged, one for two into the Standard of New York, the latter would have 16,700,000 shares issued on which a dividend of $1.60 would mean an annual disbursement of $26,720,000. Heavy railway equipment buying this Fail is expected by May Eppstein, president of the General American Tank Car Corporation, following a canvass of prevailing conditions. Mr. Eppstein said business this year has been satisfactory and his company has several months business booked ahead. Although it is possible that the earn- ings of the Remington Typwriter Co. may top $20 a share this year, the fi- nancial district does not regard it as necessarily following, that an early resumption of dividends on the com- mon stock should be expected. It is pointed out that the retirement of $1,212,500 of series “S" first preferred stock on July 1, at 110, required ap- proximately $1,300,000 and a consideér- able amount has been devoted to fi- nancing the Remington Noiseless Typewriter Co. Bank clearings in ieading citles of the United States for the week em‘levd August 5, as reported to Bradstreet's Journal, total $9,992,948,000, an in- crease over last week of 21.4 per cent and over the corresponding week last vear of 8 per cent. Outside New York the total was $4,008948,000, an in- crease of 9.1 per cent over last week and 3.5 per cent over the same week a year ago. i Business failures for the week end- ed August 5 total 329, compared with 422 for the previous week, says Brad- street’s Journal. There were 333 dur- ing the same week last year. The new business department of Henry L. Doherty & Co. reports an increase of 30.1 per cent in the sales of gas and electric appliances and in- stallations for the first six months of this year. Total sales during the period were $4,494,171, as compared with $3,302,638 for the same period a year ago. Dun’s Review says that unseason- able weather in the Spring seems to have had but little effect on the dis- tribution of groceries. With the ex- ception of agricultural districts, where sales show a slight decrease, the volume of business is fully up to the record of 1925, with a gain of as much as 25 per cent reported from some districts. Sales of Cudahy Packing Co. for the first eight months of its fiscal year were the largest of any like period since the war, with a corre- sponding increase in net earnings, it was announced yestehday. On the basis of income for this period, the company 1is expected to earn more than $14 a share on its commen stock, compared with §10.41 last year. FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Abitibl Pow (4). Adams Exp (6). Adv. Rumley.... Ad Rumley pf(3) 60% Open. High. 81% 81% 116% 116% 16% 16% 60% Alr Reductn(15) 124 m .. Amal Leather Amerada (2). Am Brake Sh(6) Am Br Bov E1(2) Am Br Bo pf (7) Am Can (3). . Am Can pf (7).. 1 Am Car&Fdy (8) Am Chicle (3).. Am Drug. Am Exp: 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 Metals (4).. Am Po&Lt {g1). Am Radiator (4) Am Safety R (3) Am Ship & Com. Am S8m & Ref (7} Am St Fdys (3). Am Sugar (5)... Am Sumat A cfs Am Tel & Ca (5) Am Tel & Tel(9) Am Tbacco (8). Am Tobac B (8). Am Zinc. . . Anaconda (3)... Archer-Daniels. Armour of 111(A) Armonr of 111(B) Arnold Con (n).. Asso Dry G(2%) Atchison (7).... Atchison pf (6). Atl C Line(19%) Atl Guif & WI... Atlas Powdr (4). Baldwin L (7). Balto & Ohlo(6). Balto & Oh pf(4) Barnsdall A (2). Barnsdall B (2). Bayuk Cigar. ... Beech-Nut (13). Belding Bros(3). Bethiehem Steel. Bloomingdale. . . Briggs Mfg (3. Bkin Edison (8) . BkIn-Mn Tr (4). Bkin Un G(t11). Brown Shae (2). Brunswick Balk. Brunswick Téer.. Burns Br B (2). Burroughs (t4). Bush Ter de (7). Butterick. . Calif Packing(8) Calif Petrol(2).. Calume&H(1%). Can Pacific (10). Case Threshing. Case Thr pf (7). Cent Leather pf. Cerre De P (4).. Certain-Teed (4) Chand.Cle pf(4). Ches & Oh (112). Chi & Alton pf.. Chi & East 11l pf Chi Great West. Chi Gr West pf.. Chi Mil & St P... Chi Mil & St P pt C Mil & St P ctfs C MII&StP pf ofs Chi & Nwa (4).. ChiRI& Pac... CRI&PDL CRI&Ppt (D). Childs (32.40)... Chrysler Corp(3) Cluet Pea pf (7). Coca-Cola (7). .. Collins & Afkmn. Col Fuel & Iron.. Col Gas & El (5) Col Carbon (4).. Com Cred (2)... Com In Tr pf 6% Com SolvB..... Congoleum-N... Consol Clgar.... Consol Distribut Consol Gas (5) Cont Can (16)... Cont Mot (80¢).. Corn Prod(12%) Coty Inc (4).... Crucible 8tl (5). Cuba Cane Su pf. Cuba Co (4)..... Cuba Co rights. < Cuban-Am S (2). Cudahy Pkg (7). Davison Chem. . Del & Hud (9).. Del L & Wn (17) DRG Wstpf... Devoe&Ra (2.40) Dodge Bros Cl A Dodge pf (7) Dome Mines (2). Douglas Pec (1). Dupont (119)... Eastman (18 Eaton Axle (2). ElLAuto Lt(16%; Electric Boat. .. Elec Power & Lt Eiec P & L pf(7) Elec Refrig(f2). Elec Sto Bat(18) Emrsn-Br pf cfs Engineers Pub $ Zrie R R.. Erfe 1st pf. Erie 2d pf. Eureka Vac Faipbanks (3)... Famous Pl (J2). FedLight(*1.40) Fed Min pf (T) Federal Truck. . Fid Phoenix (6). First Nat'S(1%) Fisk Rubber. ... FiskR 1st pf s(7. Fleischmn(t2%) Foundation (8). Fox Film A (4).. Freeport-Texas. Gabriel A(t4%). Gardner Motor.. Gen Am Tnk (3). Gen Asphalt.... Gen Cigars (4). Gen Elec (I12).. Gen Elec sp(60¢) Gen GXE A E1% Gen Motors (116) Gen Mot pf (7). Gen Outdr Ad(2) Gen Outdr A (4). Gen Ry Sig t4%. Gen Refrac (3) Gimbel Bros. ... Glidden (2)..... Gold Dust . Goodrich Ru (4) Goodyear pf (7). Gould Cou (2)... Granby Consol. . Grt North pf (5) Gt Nov Ore (1%) Grt Wstn Su (8) Green Canan. Gulf Mo & Nor. Gu M & N pf (6. Gult States S (§) Hartman. . Hock Val (112).. Hoe&CoA..... Househd (13%) HudsonMan (2% ‘Hudson Mo(3%) Hupp Mot (1) Indep Of1 (1) Ingersoll R (14). Inland St (2%) Interurb Rap Tr. Intcontl Rub(1). Int Cement (4! Int Cement rts. . Int Com Eng (2) Int Harvstr (8. Inter Har pf (7). 126% 126% 126% 6% 6% Int Mor e. . Int Mor Mar pt. Int Nickel (2). Int Paper (2) 9% 20 146 46% 96% 126% 100% 3% % 182 26 99% 37% 8% 0% 106% 534% 684 118 8% 188% 226 39% 58% 125 102 T2% 25% 24% 45% 60 101 93 51% 74 33% 1% 164% 170 T4% 60'% &9 100% 63 87% 108 164 46% 46% 84% 63% 28 92% 166% 24 T4% 5 114 8Lk 12% 45% 51% 8% 40% 51 1% 6% 96% 99 38% 39% 165% 166% 146 145 44 44 37% 3% 32% 33 88 89 100% 62% 3T% 108 164 45% 2% 165 24 74 4% 11 33% el 295% 304% 114 61% 61% 119% 120% 33% 34% 6% 6% 27% 80% 189% 189% 33% 383% 18% 82 51 94% 74 81 6% 46 2% 49% 0% 1n%’ 46. 209 119% 34% % 108% 6% 9% 35% 36% 106 106 8% 4% 28 184 28 % 184% 31w 31% L 58! 135 - 135 30 30 88 38 B4y b4k Low. .81% 116% 16% 69% % 126% 99% 37% 8% 12 105% 58% 68% 1124 29 100% 521 37% 108 16248} 6% 46 844 63 274 92k 165 28% 3 % 113% B2 1% 45% 51 76% 40% 507, 11% 26% 96% 38% 166% 146 44 37% 32% 8% 11 33% 295% 51 119% 33% 6% 27% 189% 33% 18% 82 50% 3% 28 184% 31% 43% 88% 1% 25 27% 92% 43 42% 16% 56% % 57 134% 6% 29% 3% 63% THE EVENING S'I"AR, WASHINGTON, D. C. SATURDAY, AUGUST 17, 1926. | I Wire Direct to The Star Office Int Tel & Tel (8) Int T&Teleg rts. Intertype (t1%) Jewel Tea pt (7) Kan City South, KRayserJ (3).... Kayser pf (3) Kelsey Whi (). Kennecott (4)... Kresge S8(1.20) Lago Ol1 & Tran. Lambert (8%).. Lee Tire & Rub. Lekigh Val(3%) Leh&"nk stf(3) Lig & M B (14).. Lima Loco (4).. Loew's Ino (2).. Long Bell A (4). La Ofl pf (7). LoutsGasA (1.76) Ludlum Steel (2) McCrory B 15.60. Mack Trucks (6) Mackay (7)..... Macy HR & Co. Magma Cop (3). Manati Sugar pf. Man El Sup(5%) Man-Elev gtd. .. Man EI gtd(D5). Man Shirt (13%). Manila Elec (2). Marland O11 (4). arlin Rock (2). May Dept St (5). MetroG pf(1.89). Mexican Seabd. Miami Cop (1) Mid-Continent. . Mid.Cont pf (7). Middle States. . . Mié States Oll ot Midland pf(110). Mis Kan & Tex. . Mo K & T pf (6). Missourt Pacifie. Missouri Pac pf. Montgom Was Moon Mot (3)... Mothr Lode(75¢) Motor Met(3.60) Motor Whi (2).. Murray Body . Nash Mot (13) Nat Acme (sta) . Nat Biscult t4% Nat Cash-Reg(3) Nat Dairy (3. Nat Distillers. .. Nat Distillers pf Nat Lead (8)... Nat Po& Lt(40¢) Nevada Cop (1). NY Alr Brake(2) N Y Canners C2 NY Central (7).. NY Chi&StL(11 NY NH & Hart.. Norfk & Wn (18) North A (B3.49). NthAm Ed pf(7) North Pac (6)... Norwalk (80¢). . Omnibus....... Onyx Hos pf(7). Orpheum Cir(2) Orpheum pf (8). Otis Elevator (6) Owens Rot (14). Pac Ofl Stubs. .. Packard (12.90). Paige Mot(1.30), Pan-Am B (6)... Panhandle...... Pathe Ex (c3) Penn C & Coke. . Pennsy RR (3). Penn-Seab Steel. Peoples Gas (8). Peoria & Bast... Pere Marq (18). Pere M prior(5). Philip Morrs. .. Phillips Pet (3). Pierce-Arrow. .. Rlerce-Ar pt (8) Postum (5). Pressed Steel(n) Prod & Refiners. Pub Ser NJ (5). Pullman Co (8). Punta Aleg Sug. Pure O11 (1).. Radio Corp of A. Ray Cons Cop (1 Reading (4).... ‘Reading 1st (2). Reld Ice Cm (3). Remington Type Rep Ir & St1 (4). Reynolds Spngs. Rey Tobac B(5). Royal D(a1.339) Safety Cable (4) St Jaseph L(13). StL & SanFr (7) StL-SanFr pf(7) St L Southwes! Savege Arms Schulte (§8).... Seaboard Air L.. Sears-Rn (2%4). Shell Un (1.40).. Shubert Theatre Simmons(12.26). South Port S (8) Sou Cal Edison. . Sou Dairies A(4) Sou Dairfes B... South Pac (8) Splecer Mfg. . Std Gas&El (g4) 514 G & El p£(4) Std Mill (6)..... Std O11 Cal (2).. StAONNJ (1).. Std Ol NJ p£(7). Sterling Pro (6). Stewart War (6) Stromberg (8)... Studebaker (§). Sun Ofl (11) Symington...... Symington A(2) Tenn Copper (1) Texas Co (3). Tex Gulf 8 (1 Tex & Pacific. Tex& PacC& O The Falr (2.40). Timken (t4).... Tobac Prod (7). Tob Prod A (7). Transcont Oil. .. Un Bag & Paper. Un Carbide (6).. TUnofl (2)...... Un Pacific (10). Un Pacific pf(4). Utd Alloy (2)... Utd Cigar S(e2). Utd Drug (8. ) United Fruit (4) U S C I P&F(10) U S Distributing US Hoffmn $3%. U 5 Ind Alcohol. Smelt (3%). Oven. 119% 8% 20% 128% 4% 38 101 100% 58% Pierce Petrolm. . . 1 . 1 Southern Ry (7). Smpf (3%). i U S Steel (7). Utl P& Lt A (e2) Vanadium (3) ‘Van Raalts Vick Che: .o Va-Caro Ch(n).. VatCar Ch pf(7) Vivaudou....... Wabash....... Wabash pf A(6). Waldorf (1%).. Ward B. Warner Bros. ... Warren Bros (4 West Maryland. ‘West Pacifie. ... West Paoc pf (6). Westinghse (4). West A Br(16%) Weston Elec.... ‘Wheel & L Erie. White Eagle (2) White Mot (4).. White Sew pt. .. 70% 135% 18% 26 26% 68% 48% 40 _ 48! 9 ERUPRR High. Lo 119% 8% 20% 128% 123% 128% 44% 46% 38 88 101 1018 100% 100% 68% 58% b53% b53% 22% 56% 8% 80% 37% % BA% Baw 154% 166% 9% 9% 241 244 66 654 48% S0% 62% 62% 61% " 61% 59% 59% 108% 106% 70% 70% 70% 137% 186% 136% 18% 184 18 284 25 284 20% 20% 2% 63% 63% 634 SOME BOND ISSUES | o o BONDS o sscmaves | DISPLAY STRENGTH Series of Unrelated Moves:in Special Securities in Small Trading. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, August 7.—Today's bond market consisted of a series of unrelated moves in special issues, nearly all of them upward, giving an appearance of strength, but on small volume of transactions. In the high-grade list Illinois Central Joint 5s, New York Edison 5s and Southern Rallway 6s were higher. Speculatively the feature was Interna. tional Great Northern adjustments, above 77 at a new high. Buying was founded not only on the recent favor- able earnings statement, but on the predictions that July results would be equally encouraging. Among Industrial issues Interna- tional Mercantile Marine 6s were in better demand than at any time since the deal for the sale of the White Star Line to British interests was aban- doned. Sinclair 7s continued to lead the oils, and there was a fractional advance in Goodrich 6148, Trading in foreign bonds was very qulet after yesterday's excitement. French issues were inclined to rally from the reaction of the last hour yesterday and French 7s, which have been the leaders all along, sold today around the best price previous to the sharp upturn of yesterday. Large blocks of Rhinelbe 7s were taken above 106 at approximately the best of the year. Tobo Electric Power 7s did bet- ter in the Japanese group. An increase in new financing is ex- pected next week. Offerings this week have been lower than at any time in a year. Among the issues expected is a Missourl Pacific 5 T cent mortgage bond and possibly some ney South American loans. p: ~PUT ON SPEED. Sparrows Point Steel Mills Go to 85 Per Cent of Capacity. BALTIMORE, August 7 (Special) — The Sparrows Point plant of the Bethlehem Steel Corporation started this month operating at 85 per cent of capacity, a rate well above the 77.7 per cent reported today for the cor- poration as a whole. Current operations indicate that the corporation will enter the fourth quarter of the year with a consider- ably higher operating rate. Business is said to be developing in satisfactory volume and September usually wit- resses a seasonal buying movement. Unfilled orders of the corporation on August 1 were above the July figure. e s G GET YACHT CONTRACT. Maryland Shipbuilders to Fashion Craft for Washingtonian. BALTIMORE, August 7 (Special).— M. M. Davis & Son, shipbuilders, Solomons, Md., have just closed a con- tract with Robert C. Roebling of Washington. for a 90-foot Diesel yacht. The yacht will be twin screw and equipped in modern manner, includ- ing the installation of a gyro compass. This will be the second yacht built for Mr. Roebling in the last three years. The same firm at present has on contract three picket boats for the Coast Guard, a tug for the United States Engineers Department, a yacht for Dr. Lucas of the University of Virginia and a dredge hull for G. W. Forsberg, Washington. The plant also is busy with repair work. —— BONDS UNCHANGED. NEW YORK, August 7 (#).—The average price of 66 representative bonds showed virtually no change during the last month, says the Index of Security Prices, compiled by the New York Trust Co. An increase of 1.25 points in the stock list, including 113 representative issues, was indi- cated. OFFERS EXCHANGE. NEW YORK, August 7 (#).—The Associated Gas & Electric Co. has renewed its offer to purchase the hold- ings of common stock of the Pennsyl- vania Electric Corporation. The As- sociated Co. now owns more than 99 per cent of the stock in the Pennsyl- vania Co. As an alternative to selling, individual owners may exchange their stock share for share for 7 per cent preferred stock of the Associated Co. WILL REDEEM BONDS. NEW YORK, August 7 (#).—The Compania Central America has noti- fled holders of its 6 per cent sinking fund bonds that it will redeem on September 15 $158,000 of the bonds due July 1, 1925. Redemption will be at face value and accrued interest. The National City Bank of New York Is trustee. —~ PROEIT IS $1,627,118. NEW YORK, August 7 (#).—The Pan-American Western Petroleum Co., with its subsidiaries, for the six months ended June 30, earned a net profit of $1,627,118, says a report made public today. This after the usual de- ductions is equal to $3.25 a share on 500,010 no-par shares of the combined class “A” and class “B” stocks. WASHINGTON GRAIN. ‘The following -prices of grain, hay and straw were quoted in the Wash- ington market today: Hay—Western, 24 a ton. tations on nearby product. Straw—Wheat, 11; rye, 14. Grain—Wheat, No. 2, garlicky, 1.30; corn, red or white, on cob, 4.30. o BUYS STEAMSHIPS. BALTIMORE, August 7 (Special.— The Merchants & Miners’ Transpor- tation Co. has purchased the steam- ship Lake Helen from the Consoli- dated Navigation To. and has added the vessel to its Baltimore-Florida service. The vessel, a 3,500-ton craft, will be repamed the York and will sail from Baltimore with freight for Jacksonville and West Palm Beach next Wednesday. 4 ————ee No quo- » Wickwireotfs.. 1 1 1 1 Willys-Overland 28% 29% 28% 26% Wilson & Conew 9% 11 9% 11 Wilson A (new). 19% ‘Wilson pf new.. B ‘WoolwthF'W (16) 169% Worthn Pump... 28% ‘Wright Aero (1) 37 Yale&Town($5). 68% . ‘Yel T&C(76c) Youngstown (: 3 Diftent i b el b by 2. etita or V- Sy g '?‘:'..".;Efi’: 104 ) Received by Private Wire UNITED STATES. Sal in $1.000.) (Salen e, k" Tow. _cloe 9 101' 1 10 101 13 1023 1021 1021 25 100 25 100 24 10025 60 1016 1014 1016 9 102'15 102 13 102 15 FOREIGN. Salex. High. Low. Close. 7 9% 91% 9% A% 99 99 99% 95% 99% 99 99 99% 89% O8% 98Y% % Lib 4th 4%s Argentine6s B.... Australian 6s..... Austria 7s. . Bank of Chile §%n 100% 100% 85% 85% 91% 91% 93% 93% 107% 108 i 106% 100% 101% 101% 86% 86Y% 95 95 107% 107'% 104% 101% 106 105 102% 102% 109% 109% 95 95 102 102 99% 99% 102% 103 111% 111% Canaéa 5s 1952..., Canada 5%s 1929.. Chile 8s1941...... Con Pow Japan 7s. Cuba 5%s. Czecho 7% rots Czecho 8s 1952 ot Danish Munic 8s B. —RARARAR AL NREBOOI—A A 103% 108% 105% 106% 88 88% 9% D% 90% 904 o1% 91% 97% 97% 1024 102% 105 105'% 99% 99% 102% 102% 874 8% 984 98% PRY, _#8% T89% T 89% 96% 97 108 108 86% 864 86% 864 264 27% 25% 25% W% 44w 101% 101% 109% 109% £0% 80% 0T% 9T% 1024 1024 101 101 Denmark 8s. .. . 17108% Dutch East I6s 47. 8 105% Finland s £ 6s45... 5 88% 2 98% 2 904 L1607 91% 0% 103 Japanese 4. Tapanese 6% ; Tergens U M 6s 47. Lyon 6s Marsellle 6s. . Mexico 45 04 asntd. Mexico 4110 asntd Mexico 5s axsented Montevidio 7s. . . . Netherlands 68 72. Nord 6%s < Norway 5%s Norway 6s 1943. Norway 6s 1944, Norway 651952, Orfent Dev deb 6. Parfs.Ly-M; P 106% 1064 105% 1054 105% 105% 88% 88% 921 92% 104% 104% 103% 103% 5% 95% Utd Kingm 5%s 29 119 119 Uruguay 8s. . 109% 109% MISCELLANEOUS. Am AgriChem 7%s § 104% 104% Am Smit& R6s... 108 108 Am Sugar ref 6s. .. 103% 103% AmT&Tecl tres.. 98 98 AmT &1 cl tr & 102% 102% AmT&Tsfbs. 100% 100% Am T & T deb5%s 105% 105% Am Water Wks 5s. 994 994 Anaconda 1st 6s... 103% 102% Anaconda cv db 7s. 107% 1074 Andes Cop 7s rets 102% 102% Armour Del 5% 93y 93'4 Atlantic Refin 101% 1014 102% 108% Bell TelPa s B... Bell Tel Pa5sC.... 108 103 Beth Steel pm Bs. 96% 96% Beth Steel 5% 6! 96% 97 Beth Ste: . 101% 101% Brier H St 1st 5%s. 104% 104% Cen Leath 6s 45 cfs 102 102 Chile Copper 6 . 107% 107% Commonwlith P 6s. 105% 106% Con Coal Md 1st 5s 82% 82% Consumers Pow §s. 100 100 Cuba Cane cv 8: 96% 96% Denver Gas 5s. 96% 96% Det Edison ref 107% 107% Dodge w 1 6 957% 99 104 104 Sao Paulo City Sao Paulo 1950 Seine T8 42.... Serbs Crot Slo Est Cuba Sug 7%s. Empire G & F7%s. 108 103 Goodrich 8%s. . 106 106 Good year 85 1931. 110% 110% Hershey 5%s. 101% 101% HumbleO &R %8s 102% 102% 1ilinois Bell 1st 5s. 1024% 102% Tliinols Steel 4% 97 97 Int Mer Marine és. 88% 88Y% 054 964 109 109% 104% 104% 103% 108Y% 9 99 104% 104% . 96% 96% Mor’s & Co 1st 4%s 86% 86% 101% 101% 215 10244 102% % 115% 115% 98 107% 108 104% 1047% 105% 106% 9% 99% 99% 99% 101% 101% 105% 108 106% 106% 104% 104% 99! 99% 99% 108 108 108 104% 104% 104% 104% 104% 104% 90 ° 90 90 105 104% 105 93 9z% 93 Kelly-Spring 8s. Laclede G 5%s 52. Manati Sugar sf 7% N Y Edison 6%s NY Tol 4%s. N Y Tel 68 41. North Am Ed és North Am Ed 6%s. Nor States Pow 58 Pac Gas & El 51 Pac T&T 1st Pan-Amer P Pan-Amer Phila Co rf 65 A. Phila & RAC & 168 Plerce-Arrow 8s... P Serv Gas 5%s 59. P Serv Gas 535 64. Remingtn Arms 6s. Stnclair Of1 7 Sin Crude Of1 Sin Pipe L1 Southwest Bell 5s. Sug Est Odlent 7 Penn Elec Pow 6 Toledo Edn 1st Tt US Rub 1strf U S Rub 7%s U S Steel s £ 6 Vertientes Sug 7s ‘Warner Sug 7s 3! ‘Warner Sug 7s 41. West Elec 55 = Westn Union 6%s. Westinghouse 78 Youngstr 8 & T 11 104% 104% RAILROAD. Atchison adj 48 1 88% 88% Atchison gen 4s. 16 98% 93 Atlantic C L 1st 4 5 93 83 Atlantic CL 7s. 105% 105% Atl&Dan2d4s48. 2 72 13 1% 81§ 96% 96% 98% 984 103% 108% 102% 1024% 1024 99 99 99 106 104% 105 108 108 108 94 93% 03% 107% 107% 107% 106% 106 106% 98% 984 100% 118 106 104% 88% 98% 23 106% 3 1% ALY 984% 91 91 100% 100% 80% 80% 96% 96% 86% 85% 108 107% 107% 104% 104% 104% 102% 102% 102% 91%. 91%, 91% 101 100% 101 g9 .59 99 1424 142% 1424 874 67% 574 2% 92% 86 1% 69% 100% 80% 96% 85% Cent of Ga 5% Cent of Ga 6s. 1 CM&StP r 4%5 cf14 26 CM&StFpvis 8 scfs 14 60 - Chi Rys bs.. . 10 ChiRI&Prfés... 26 ChiTH&SE 5 26 Ch{ Union Sta 1024 102% 1024 102% 103% 108% 108% 106% 106% 106% S0k 94% 944 17 97% 97% 974 rras 18 92% Direct to The Star Office. Sales. High. Low. Close. Del & Hud cv 55 36. 1€ 113% % 113% Del & Hud 5%s. ... 108% 103% Den & Rio G en §0% D & Rio G imp 9% D Rio G West b5 2% Erle gen 4s.... Erleconv 4s A. Erie conv 48 B. Erle conv 48 D. FlaEC6s74.. Gt Nor 4%s 76 D.. Great North 5s Great North 5%s. Gr North gen 7s. ... Havana ERL&P 50 Hocking Val 4%s. . Int & G Nor ad fx, . Kansas City 8 3 Kan City Term 4s.. Lake Shore 43 31. .. L&N4%s2003.... Louis & N5s B Man Ry 1st 90. Market St 7s 40 MiIEIRy & L bs. .. MStP&SSM5s38gtd M St P & SSM 634s. MK & T adf s MK&TprinbsA. Mo Paeific gen 4s. Mo Pac 6= 1965 Mo Pac 65 49D, Mo Pac 6s 65 B. . Mont Trm ref 5m 41 Nassau E Ry 4s 57. NOTex&M6sB. NOT&Mb%s. N Y Cen gen 3 N Y Cent 45 98 N Y Cent deb 4 NYCrfim4%s13 NYCentribs.... NYChI&StL 5%sA. New Havd 4s 67. New Havanc d6s.. NYRys@6s6s..... NY W& Bos 4%s.. Nor & S gen 5s 54 Norfolk & W cn 4 Northern Pac 3 Northern Pac r Ore Short L rfs 4 Ore Wash 1st rf 4s. Pennsyl gen 4%s. . Pennsyl gen bs. . Pennsy! 58 64 105% 106% 7% 12 CIOT SOTCI PRI YT NeowmanS Pere Mar 1st Pere Marq 1st RIArk& L 4% StL&SFplisA.. StL&SF 6%sD. StL&SFad) St L & 8 F Inc 6 101% 965% 9% 94 1021 102% 4% 4% 1% §771% 95% 95% 1% % % 9% % 9% 84 84 107% 1074% 111% 111% n7% 117% 1024 102% 64K 64% 56% 656Y% 89 9 9% ‘e 4% 0% 99% 99! 102% 102 101% 101% 103% 10%% 73 TN West Shore 1st 4 86% COAL EXPORTS LARGE. More Than 500,000 Tons Loaded at Baltimore in July. BALTIMORE, August 7 (Special).— Coal exports to European ports through Baltimore last month reached a volume greater than in any other month since the boom period of 1920 and greater than the total of export coal shipments during the entire year of 1925. More than 500,000 tons of coal were loaded into 84 ships, bound for world ports during July, as against 39,000 tons shipped in 7 ships in July, 1925, and a total of 290,000 tons shipped in 64 ships during the entire year of 1925. Baltimore shipping men attribute the greater part of this increase to the prolpnged British coal strike. @ PO oYY AR aNE—R R G e E R AN EANDNN - Sou racine re Southern Ry gen 4s Sou Ry con bs 94 SouRy 6s66...... Southern Ry 6%s. . Term Asso St L 5s. Third Ave ref 4 Union Pac 4s Union Pac ev BANK CLEARINGS. NEW YORK, August 7 (Special).— New York bank clearings, $899,00( 000; New York bank balances, $82, 000,000; .New York Federal Reserve Bank 'credits, $76,000,000. COTTON GOODS STEADY. NEW YORK, August 7 (Special).— Cotton goods markets closed the week on a good volume of trading, with print cloth quotations steady at 75 for 64x60's and 83 for 68x72's. Raw silks were. quiet and unchanged. POTATO mm—fimnm CHICAGO, August 7 (#).—Potatoes —Receipts, 93 cars; total United States shipments, 458; on track, 180; trading fair, market about steady. Kansas and Missouri sacked cobblers, 1.60a1 ordinary, 1.35a1.56; Minne- sota, sacked early Ohios, 1.50a1.65. GERMAN BONDS AND STOCKS. (Quoted i dollars per million marks. N Asked. Ger Gt (w In) Bs 1914-1 X 2 y Hambure s 11k 61074718 115008 130068 (Quoted Ger Ge isid 3 T 8822532323223553232232. Riercur Bank Vien ar A el Beiner “Handole: =0 © = Ba 2 5 an BOSTON STOCK MARKET. BOSTON, August 7.—Following is a list of today’s highest, lowest ‘lnd closing prices for the most active stocks dealt in here: FINANC1AL. / ‘ WHEAT TRADERS SAIL WITH REEFED CANVAS Disinclined to Take New Risks With the Government Reports & Just Ahead. By the Associated Press. CHICAGO, August —~Wheat traders were apparently Keeping close to shore today, disinclined to take new risks at the week end with Government crop reports just ahead. | Business in wheat early was of mod- erate volume, and fluctuations of no special significance. Opening at % off to 104 up, wheat held within frac- tional limits. Corn and oats were easy and provisions firm, corn start- ing % to % down, but later rallyiny somewhat. = Nearly 9,000,000 bushels of wheat have been exported this week from North ~ America notwithstanding claims put forward in various quar- ters that European demand is light. One of the principal bull leaders pointed out in this connection today that the bulk of world shipments are from the United States and Canada, and he predicted that this situation will continue for many weeks, as there s no other source from which substantial supplies are available. Although domestic arrivals of wheat remaim of large proportions and the United States visible supply is likely to increase on Monday, it was contended today that this is a normal circumstance at present. The heavy receipts have so far proved no burden in the face of adequate ab- sorption, domestic as well as foreign. Close. kY 13 136% 83% 3% 41 ? iy 4 Baltimore Shipping Men Foresee Quickening of Export Business. BALTIMORE, August 7 (Special).— Shipping men here are looking for a great increase in grain shipments to European ports this Fall. At Montreal port facilitles are con- gested with more than 12,000,000 bushels of grain in storage awaiting shipment. Diversion of tramps and other ships from the grain trade to the more profitable coal trade in United States ports has caused the congestion, to a certain extent, but the lack of for. elgn buying is Belleved by Baltimore srain exporters to be more directly responsible. If these conditions maintain until the Fall movement of grain, Montreal must see a large part of its normal tonnage diverted to Baltimore and other United States ports. Baltimore Markets BALTIMORE, August 7.—Potatoes, barrel, 100 pounds, 75a2.25; bushel, 50a 1.25; sweet potatoes, barrel, 1.00a3.25; yams, barrel, 4.00a8.00; beans, bushel, 73a1.15; beets, 100, 2.00a2.50; cabbage, 100, 2.00a4.00; carrots, 100, 3.00a5.00; celery, crate, 2.50a3.50; corn, dozen, 10a20; cucumbers, basket, 35a50; egg- plants, basket, 1.25; lettuce, box, 50a 1.25; lima beans, bushel, 1.50a2.50; onions, bushel, 60a85; - peas, bushel 1.00a1.75; peppers, basket, 25a35; squash, basket, 20a30; tomatoes, ripe, basket, 25a50; green, 25a40. Apples, barrel, 1.00a2.50; bushel, 25a 1.00; blackberries, quart, 10a15; canta- loupes, 50a1.75; cherries, basket, 50a 1.00; currants, quart, 20a25; peaches, bushel, 1.50a2.00; huckleberries, quart, 12a18; watermelons, 100, 15.00a40.00. Dairy Products. poultry—Spring chickens, Ib., Leghorns, 25a30; old hens, 24a 28; roosters, 15a27; ducks, 25a28; old, 15a22; pigeons, pair, 20a35. Eggs—Recelpts, 1,320 cases; natives and nearby firsts, free cases, offered at_28a29. X Butter—Good to fancy creamery, 1b., 39a413;; prints, 42a44; blocks, 4la 43; ladles, 32a33; rolls, 24%a26; store packed, 24%a25; dairy prints, 24%%a26; process butter, 36a36. FOREIGN EXCHANGE. - (Quotations furnished by W. B. Hibbs & C.) Nominal Selling checks ndon, pound wold value. Ty Paris, franc. i o o, crown Stockholm, crown. NEW YORK, August 7 (#).—For- eign exchanges irregular; quotation in cents: Great Britain, demand, 485%; cables, 486%; 60-day bills on banks, 48115-16. France, demand, 3.0 cables, 3.01. Italy, demand, 3.36%: cables, 3.37102. Demand: Belgium, 2.84; Germany, 23.80%; Holland, 40.09; Norway, 21 Sweden, 26.75; Denmark, 26.32; Swil zerland, Spain, 15.10; Greece, 1.11%; Poland, 11.50; Czechoslovakia, 2.96; Jugoslavia,, 1.77; Austria, 14.12 Rumania, .46%; Argentina, 40.43; Brazil, 15.43; Tokio, 47.72; Shanghai, 69.50; Montreal, 5-32 premium. ARTEERIR P R CHICAGO STOCK MARKET. CHICAGO—August 7.—Following is') a report of today’s sales, high, low and closing_quotations at the Chicago Stock Exchange. Close. 27 "% it s i : " s orsons IO 33 mass ot oS iieazals BESiEsthss 3 o 3 b S 2000 i " zfl'fi o e S R R SRS B S DI, 52 RESER RN EE S P 283528 ER553 E R hg%s:sg 2 |4 Good Use of Time. Norma Sauls, in Tllinots Central Magazine. oW, ld act] ahontas . 92% 92% ! {Thone I build my fortune on the dial of my watch; seconds become pennies, min- utes become dimes, hours become dol- lars; I give a money value to every tick and take advantage of everything that enables me to conserve time. I practice economy of time. I never pro- crastinate, thereby permitting others to get ahead of me. I am alert for opportunities; I look carefully into 'u;:m lee!nu good Mx Inmvlunt: ‘when my judgment approves promptly, with decision. If there is a IA: zf p— | EXCHANGE TO OPEN | EARLY ON MONDAY Bank Clearings Gain—New Bond Arrangement—Drop in Failures—Notes. BY EDWARD (. STONE. On Monday the Washington Stock Exchange will open at 10:15 in. stead of 1 in order that the members may attend the funeral of John L. Edwards, its president. The financlal district was stil} greatly de- pressed today over Mr. Edwards’ un- timely death. The fact that the finan- cier was only 47 years old makes his passing seem still more difficult to understand. At the same time his short life makes his rise in the finan- clal world the more amazing. From a bank runner to the position he held in finance ‘at the time of his death is another of the comparatively few romances in business. Mr. Edwards attended the annual convention of the District Bankers' Association at Hot Springs and was in his usual good health to about 10 days ago. Many have copmented upon’the brief time between his de- mise and the death of his very closs friend, Alexander Britton. One of the greatest joys of the last of his life was the arrival of his grandson, John Edwards Parker, last April. The naming of the baby for his grand- father gave him added pleasure. This arrival was not officially announced at the stock exchange but every member knew it as soon as if a special notice had been posted. Increase in Bank Clearings. An increase of 6.7 per cent in bank clearings is reported to Dun's Review by leading cities of the United States this week, the aggregate being $9.- 389,158,000, against $8,799,890,000 l) year ago. The gain this week is due to a larger total at New York City, where clearings of $5,984,000,000 ex- ceed by 11.2 per cent those for the corresponding week of 1925. Amount- ing to $3,405,158,000, the clearings at the outside centers show a loss of 0.5 per cent, although sizable increases appear at Boston, Pittsburgh, Cleve- land, Cincinnati, Kansas City, Louis- ville, Dallas and Portland, Oreg. Record of Week’s Failures. A decrease of 22 in the number of failures in the United States is res ported this week, the total being 375, This compares with 397 defaults last week, but i moderately above the 362 insolvencies of a year ago. -l failures occurred this week than last week in the East, the South and on the Pacific Coast, these reductions more than offsetting an increase of 13 defaults in the West. } Midsummer quiet prevailed in the’ wholesale commodity markets this week, with seasonable reductions in a number of articles bringing prices down to a slightly lower level, 41 de- clines appearing in the list of quota- tions as compared with 22 advances. In last week's compilations 31 in- creases contrasted with 28 reductions. New Bond Plan Arranged. Chairman Robert V. Fleming of the Treasury relations committee of the District Bankers' Association re- ports that arrangements have been made whereby Liberty coupon bonds issued in exchange for registered bonds may be delivered at Room 115 lin the Treasury Building, and when the new bonds are ready they may bs received at the same place. This change will be a distinct ad- vantage to local banks, as it has been J necessary heretofore to send messen- gers to the Liberty Loan Annex, south of the Bureau of Engraving and Printing. During the war such exchanges were made at the Treas ury Building, but after the war the auxiliary office was closed. Realty Officers Chosen. A meeting of the Old Dutch Realty and Development Co. resulted in elec- tion of the following directors: Joseph A. Whitfield, John Dolph, Pere A. Wilmer, Thomas Atkinson, jr., and A. P. Strobel of Baltimore. The or- ganization meeting of the directors followed and these officers were chosen: Joseph A. Whitfleld, presi- dent; Thomas Atkinson, jr., vice presi- dent and Pere A. Wilmer, treasurer. Finds Good Will Toward U. S. Myer Cohen, local attorney and one of the organizers of the old Federal Bank and still a director of tha Fed: eral-American Bank, has just returned from an 11-week visit in Europe. Mr. he found an entire ab- sence of any ill-will against the United States in either England or France, but he did observe a great deal of un- employment in England. He asserts that talk about reopening the British debt settlement with the United States is pure nonsense. People in both countri told him that they consid- ered President Coolidge one of the safest leaders this country has ever had. While he had a wonderful trip he returned to Washington more gratified than ever that he is an American citizen. He holds this view in spite of the fact that he got home in the midst of a hot wave and was so cool in Europe that he had to use blankets every night. Personal Mention. John B. Cochran, president of the' Franklin National Bank, is passing a few days at Staunton, Va. Mr. Coch- ran is also president of the Planters Bank of Staunton, the bank which recently purchased the entire front of the old Merchants Bank on F strest in_this city John Poole, president of the Feds eral-American National Bank, returne ed from his vacation. He was gone about a month and passed much of the time on a motor trip through New England. C. H. Pope, vice president of the Munsey Trust Co., has returned ta Washington, after a month's vacatiort spent at Goshen, N. Y. R. H. Bagby, vice president of the Washington Mechanics Savings Bank, is leaving the Capital today for his vacation. He will go to Norfolk and take the boat tfip from there to Bos- ) ton. Charles W. Morris, vice president of the Central Savings Bank, has re- turned from an extensive motor trip in New England, having spent most of his time on the Maine coast. The executive board of the Potomag Savings Bank has recommended FEis more T. Burdette for election to the position of assistant cashier. Mr, Burdette went to the Potomac from the Riggs National Bank in 1916. -— PLANT AT FULL CAPACITY. NEW YORK, August 7 (#).—Offis clals of the Carnegie Steel Co. ane nounce the placing in operation of fivé additional open hearth furnaces ab the Farrell plant, near Sharon, Pa. putting the department there at ful capacity, with 15 furnaces in_ blaste The increase in output was made nece essary by the resumption of activity at the Skelp Mill this week after an idleness of 28 ‘months. Capacity operators for the entire month have also been ordered at the Shargn plant of the American Sheet and Tinplate Co., and industrial conditions in the area are described as at the highest point in two years. PRICE OF SILVER. YORK, August 7 (P).—Baf ‘NEW YORK, Mexican dollurs 47%. ” silver 61%, ! ¢