Evening Star Newspaper, August 30, 1926, Page 24

24 > 3 “SONE RALS CAN ON STOCK MARKET Equipment and Tobacco Shares Also Draw Attention in Trading Today. FINANCIAL, : THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Abitib! Pow (4). 89 Adams Exp (6). 115% Ad Rumley pt(3) 56 Ahumada (v1).. 7% Alr Reductn(16) 134 Allled Chem (4). 136 Allis Chalm ().. 89 Amal Leather... 21% Amal Lthr pf(7) 108 Amerada (1.60). ‘81 Am Agrien! Chm 18% Am AgriChpf.. 60 Am Bosch . 20% Am Brake ) 140 Am Br Bov EI(2) 46% AmCan (3)..... b66% Am Car&Fdy (8) 100 AmC&Fpf (1) 126 Am Chatn A (2). Am Chicle (3).. Am Drue....... Am & For Pow.. 2 Am & Fo P pf(7) 8! Am Hide & Lea. Am Hide & L pf. ‘Am Ho P (2.40). Am Ice pt (8) Am Internatl. .. Am La Fr (1)... Green Canan.... ‘Guilf Mo & Nor. . ‘| Gu M & N pt (8) Hartman (B)... Hayes Wh(13%) Househd (13%). Houston Oil.... Howe Sound (3) Hudson Mo(3%) Hupp Mot (1)... [linots Cen (7). 111 Cent pt (8).. Indep Of1 (1). Indian Refining. Indian Refgetfs. Inland St (23%). Inspiration (2).. Interurb Rap Tr. Intcontl Rub(1). Internat Agrl. .. Int Cement (4).. Int Cement pf(7) Int Com Eng (2) Int Harvstr(6).. Inter Har pf (7). IntMtch pf(3.20) It Mer Mar pf.. Int Nickel (2) Int Paper (3). int Paper pf (7). Int Tel & Tel (6) Int T&T 66's 26% 12316 | 124 BY STUART P. W Special Dispateh to The Sta NEW YORK. August 30.—Three important groups attracted most of the notice on the Stock Exchange to- day. They were the dividend-paying rails, the railway equipment shares and the tobaccos. The feature. of the rails was Dela- ware and Hudson, which shot up neariy 5 points to a new high record. The usual story of further steps toward segregation of coal and rail- road properties at the October meet- ing was again circulated and com- monly credited. Atchison, going through 154, was also entering new high ground. New York Central, Southern Pa cifie, Norfolk and Western and Dela ware, Lackawanna and Western were all strong. Atlantic Coast Line. which made a good showing in the July report, went higher. Union Pa- “ific erossed 160 again. The market for this of stocks was as strong as it has been at any time, feeling the effect of recent investment ab- 0 9% ) Am Po&Lt {gl). 66% Am Radlator (4) 117% Am Safety R (3) 654 Am Sm & Ref (7) 144': AmS & R pf (7) 120 Am Snuff (12).. 128 Am Stl Fdys (3). 44% Am Sugar (5)... 72 Am Sumatra. ... Am Tel & Ca (5) 29 Am Tel & Tel(9) 144% Am Tobacco (8). 120 Am Tobac B (8). 119% Am Wa Woc1.20 59 Am W W 1st (7) 106 Am Woolen. .... | Am Wool pf (7). Am WritPapt.. 1 Anaconda (3).. 49% Armour of IllI(A) 1G% Armonr of III(B) 9 Arnold Con (n). | Artloom (3).... { Art Metal (1)... Asso Dry G(2%) Atchison (7).... 153% Atchison pf (5). 100 At C Line(1914) 227% AUGUIT& WI.. 104 Atlantic Refing. 113 Atlag Powdr (4). 61 | Austin-Nichols. 11% Baldwin L (7).. 118 Balto & Ohto(6). 104% Balto & Oh pf(4) 73% { Bang & Ar (3).. Barnsdall A (2). Barnsdall B (2). Payuk Clgar. ... Belding Bros(3). Bethlehem Steel Beth Stl pf (7).. Bloomingdale. Booth Fisherles. Botany A (4). 24% Briggs Mfg (3).. 27% Bkin Edison (8). 147% i BKkIn-Mn Tr (4). 64% Bk-Man T pf(6). 84% BkinUnG(t11y. 93% Hrown Shee (2). 37 Brown $h pf (7). 109 Brunswick Baik. 3824 Brunswick Ter.. 17 Burns Bro (10).. 134% Burns Br B (2). 33% Bush Termin: 28% Butte Cop (50¢). 5 Butte&Superi2) 10% Butterick. . 637 Calif Packg (4). 71 Calif Petrol(2).. 32% Calumet& Ar(6). 70% Can Pacific (10). 165% Case Threshing. 155 Cent Leather.... 9% Cent Leather pf. Century Rib M. Cerre De P (4).. Certain-Teed(4) 4434 Chand.Cle pf(4). 29% Ches & Oh (t12). 1524% Chi & Alton..... 6% Chi & Alton pf.. B Chi Great West. 10% Chi Gr West pf.. 284 ChiMN &StP.. 12% Chi MI1& St P pf 22% CMil &St Petfs 12 C MII&StP pfefs 22 Chi & Nwa (4).. 784 Chi RI& Pac... 624 CRI&Ppf (7). 102 Chile Cop (2%). 34 Christie B (1.20) 44 Chrysler Corp(3) 34% Chrysler pfA(8) 102% Cluett Peab (5). 63% Coca-Cola (7)... 160% Collins & Aikmn. 52% Collins&Alk pf 7. Col Fuel & Iron. Colo Southern... Col Gas & El (5) Col Carbon (4).. Com Cred (2) Com SolvB..... Congoleum-N... Congress Cgr(3) Consol Cigar.... Con Cigars pf(7) Consol Distribut Consol Gas (5).. Consol Textile. . Cont Baking A. . Cont Baking B.. Cont Bak pf (8). Cont Can (16) Cont Insur (8).. Cont Mot (80¢). . Corn Prod(12%) Coty Inc (4).... Crucible Stl (5). Cuba Cane Sugar Cuba Cane Su pf. Cuba Co (4).. Cuba Co rights. . Cuban-Am S (1) Davison Chem. . Deere&Co pf (7) Del & Hud (9). . Del L & Wn (17) Detroit Ed (8).. Devoe&Ra(2.40) Dodge Bros Cl A Dodge pf (7)... Dome Mines (2). Douglas Pec (2). Dupont (14).... Dupont deb (6). Duquesne pf (7). Jordon Mot (3 Kan City South. Kayser J (3).... Kelly-Spring. ... Kennecott (4). .. Keystone T & R. Kinney pf (8) Kreage 58(1.2 Lago Of] & Tran. Lambert (3%). . Leligh Val(3%) Leh&ink stf(3) Life Sav (1.60).. Ligcett & M (14) Lig & Mpf (7).. Tlg & M B (14) Lima Loco (4).. Liquid Carbonic Loew’s Inc (2). Loft..... Lorilard(3) Louistana Oll... LoutsGasA (1.75) Lou&Nash(16%) Ludlum Steel (2) MeCrory B 15.60. Mack Trucks (6) Macy pf (7).... of the equipment sw of the ap- maximum 1 Autumn ma have a decided bear um for the raflway ican Locomotive of an_exceptior it will naturally ing upon the prog expenditures. Al was leader, closely followed by Pull- man. Baldwin Locomotive and Ameri- n Car and Foundry joined fully in the rise The spurt in the tob the result of the = of Consoli- dated Cigar on a $7 basis and partly the expectation of a stock dividend on Reynolds Tobacco B, later in the vear. The Reynolds shares, which had | been a big feature last week, jumped another 6 points= Consolidated Cigar dently \Wall Street counted = the dividend Other tobacco shares were drawn along—RBayuk, which got above 50; United Cigar Stores, Tobacco Products end General Cigar. Realizing sales meanwhile were felt in the motors and in the steels. Steel common at one time down a point and was less prominent in the trading than it has been in the recent past. Independent steels were dull and little changed. Hudson Motors feil | a point and a half before support was met. Less interest w ken in Gen eral Motors. 08 was partly was up over had not di: declaration Man Bl m g Man Shirt ( Manati. Manati pf Maracatbo Ofl Market St pf. Market St prior. Marland Ofl (4). Marlin Rock (2). Mathieson (4).. May Dept St (5) Maytag Co (2).. MetroG pf(1.89) Mexican Seabd. Mtam! Cop (1).. Middle States Attd-Continen| Midland pf(+10). Miller R ctfs(2). Min St P & SSM. M St P& SSM pt Mits Kan & Tex. . Mo K & T pf (6). Miswour! Pactfic. Missouri Pac »f. Montgom Ward. Mothr Lode(75¢) Motor Met(3.60) afotor Wh (2).. Mullins Body Murray Body. .. Murray Body ctf Nash Mot (13).. Nat Acme (sta). N: 30% 4% 104 2% 5% i Markets at a Glance | —— W YORK (#) tocks irregula: Southern ils at new 1926 high. Bonds steady: convertible rail liens rally with stocks. Foreign exchanges mixed; Spanish pesetas off 21 point Cotton lower; improved weathes Sugar higher; firm spot market. Cof- fee firm; European buying. CHICAGO.—Wheat higher; unex- ected small visible increase. Corn wwer; September liquidation. Cattle steady to strong. Hogs irregular. l WALL STREET BRIEFS . NEW YORK, August 30 (#).—The report of the (‘uba Co. for the year ending June 30, including subsidiary and affillated companies, showing a total met income of $4,150.867, with about $14.000 in subsidies from the Cuban government, rveflects the vari- ous adverse circumstances affecting Cuban general business fin the 12 months, chiefly due to the low price of (uba's staple crop, sugar. Gross revenues were $29,594,804. Rallroad earnings also were decreased by strikes, a reduction in some freight rates and by the governmental order bringing the crop to an abnormally early termination, the report said. The company’s proportion of consolidated surplus on June 30 was $32,752,438. Tts stock touched a new low for the vear Saturday at 31%, compared with the year's high of 53%. 18 69% Nat Distillers. . . at Distillers pt at Enamel & S, Nat Tea (4)..... Nevada Cop (1). NY Afr Brake(2) N Y Canners C2. NY Cannrs pf(6) NY Central (7). NY Chi&StL(11) NYC&StL pf (8) 'Y Dock. Dock pf (5). NY & Harl (5).. NY & Lack (7). NY NH & Hart. On & West. . N Y Rys 2d stpd. Niag F pf (1%). Norfk & Wn (18) North A (B3.40). North Am pf(3). thAm Ed pf(7) North Pac (5) Norwalk (80¢).. Nunnally (1.50). Omnibus. 5 Oppenheim (3).. Orpheum Cir(2) Otis Elevator ( otis Elev pf (6). Otisz Steel Outlet Co (13%) Outlet Co pf (7). Owens Bot (14). racific Gas (8). Pac Oll Stubs Packard (12.90) Paige Mot(1.80) Fan-Am (6).... Pan-Am B (8)... Pan.AmWnB(2) Panhandle. Panhandle pt Park & Tiiford. Pathe Ex (c8). Penick & Ford. . Pennsy R R (3). Penn-Seab Steel. Peoples Gas (8). Pere Marq (18). Phila&RC&I. Philfp Morris. .. Phillips Pet (3). Pierce-Arrow. . . Plerce-Ar pf (8) Pierce O1l Pierce Pet Pitts & W Va( Pitts Coal. .. Pitts Coal pf.. | Postum (3). ... Pressed Steel(n) Prod & Refiners. Pub Ser N J (8). { Pullman Co (8). Pure Oll (1). | Radio Corpof A. | Reading (4).... Reading 1st (2). | Reading rts. .. .. Remington Type Replogle Steel. . Rep Ir & Stl (4). Rey Tobac B(5). Robt Rels & Co. . Royal D (a3.078) Satety Cable (4) St Jaseph L(13). S:L & SanFr (1) St L Southwest. St L Swn pf (5). | savage Arms (4) ! Schulte (§8).... Seaboard Alr L. | Seabd Air L pf. . Seagrave(el.20). cars-R D (23%). eneca Copper). saeil Un (1.40).. Shubert The (5) immons(t2.35). Simms Pet (1).. Sinclar Otl..... | Sinclair pf (8).. | Skelly Ol1 (2).... - A crop survey compiled by the Bank of Montreal states harvesting has been resumed in the Canadian prairie provinces after being held up by wet weather, and many districts anticipate a better vield than appeared probable @ few weeks ago. Yields are gen- erally slightly below averages. Good average all-around crops are reported in the maritime provinces, with equal- ly good fruit and grain crops in Brit- ish Columbia. Smaller crops at slightly higher prices are indicated by agricultural conditions this year, s a review by Dominick & Dominick, Stock Ex- thange brokers, a very large total wheat crop, coupled with reduction in Canada, Europe and Argentina, being a favorable factor in the present situ- ation. With the exception of Winter wheat, potatoes, rice. fruit and pos sibly cotton, all crops show a decrease from the 1925 figures. The report ®dded that the price trend of all im- portant crops has been upward the last few weeks, but whether the farm- er's income as a whole would equal the years 1925-26 was still conjecture. The New York Steam Corporation, which supplies heat to many large office buildings in the city, increased its net earnings in the fiscal year ended June 30 by about 45 per cent. In the first half of the year the com- pany made contracts representing ad- ditional annual revenue of more than $1,000,000 compared with $400,000 new business in the same period of 1 The renort said many new buildin are being erected without steam gen- erating equipment and without smoke- stacks. 36% 108 173 141% 185% 87 27% 85% 11% 3519 300t 107 114% 17 114% Eastman (18)... 122 Eaton Axle (2 Eisenlohr & Bro. El Auto Lt(16% Electric Boat. .. Elec Power & Lt Eiec P & L pf(7) Elec Refrig(f2). Elec Sto Bat(t8) Elk Horn Emrsn-Br pf cfs Engnrs PS pf(7) * 96 The Polish cotton industry shows in- creased activity, with trade in cc made go very active, the Amer- n Polish Chamber of Commerce and Industry in the United States reports. The importation of cotton also has in- creased correspondin, Erie 18t pf. Eureka Vac (4). Famous P1 (J2). Famous pf (8)... —_Po. | Federal Truck. . UP).—Po- | 1id Phoenix (6)- | Fisk Rubber. ... Fleischmn(1214) Foundation (8). | Fox Film A (4). Freeport-Texas. | Gabriel Snu (15) { Gardner Motor.. | Gen Asphalt. | Gen Asph pf (5). Gen Cigars (4 Gen Elec (112). . Gen Elec spiéoe) Gen G&E A Kl | Gen Gas pfA(8). POTATO MARKET STEADY. CHICAGO, August 30 tatoes—Receipts, cars; on track, 218; total United 114% 119% 32% 194% 184 491 98w 1% Trish . according to qual- ity condition: idaho sacked rurals, 2.15a: Wisconsin sacked round whites, 2 Minnesota sacked early . 1.90a2.00; sacked round whites, cobble; e DIVIDENDS RESUMED. NEW YORK. August 30 (#).—Quar- | 7 3. terly dividends on_the common stock | S0 ::::,'.‘;?,(,7‘), of Consolidated Cigar Co. were re. | 398 XOt0 7 sumed today with a disbursement of | 3¢ BOUEZ {iw " $1.75 a share, the first since June, 1921. | 358 400 "(3) It is paynble October 1 to holders of | Gy vel Bros. record September 15. GOIADEAL. .. 2os = e Goodrich Ru (4) RUBBER HIGHER. Goodyear pf (7). | 4.20 per cent, by a STAR, WASHINGTON, INTEREST CENTERS City and Railway Issues Draw Play in Trading Today on Exchange. BY GEORGE T. HUGHES. cial Dispatch ta The Star. NEW YORK., August 30.—The French group was still the most prom- inent of any in the market today, but city and rallway issues than in the government bonds. French govern- ment 8s were unchanged, while the 7s showed the effect of realizing after last week's high record. The French municipals were unusually active, re- flecting the feeling that they were somewhat behind. The Marseille 6s, Lyon 6s and Bordeaux 6s all made new high rec- ords for the year. Est Rr Ts also bettered their previous top. Nord Railway 648 were unchanged. / More activity developed again in Kingdom of Italy 7s just above 90. Poland 8s were stronger above 89. Peru 4s gained a fraction, so did Swiss 51,8, Brazil 7s at one time were a hall point lower. In the German section there were no changes of im- portance. German General Electric 78 were slightly lower. Rhinelbe 7s were i also down a bit. In sympathy with the rise in Dela- ware and Hudson stock the convertible bonds were very strong at new high figures. This rise was accompanied by an exceptionally large turnover. The speculative rails were active, 3 considerably more so than they had been last week. Chicago and Alton 3145 got above 60, Missouri. Kansas and Texas adjustments gained a frac- tion and so did New Haven convertible St. Louis-San Francisco incomes ve but practically unchanged . Trading was fairly large in the junior Seaboard issues, especial- ly the adjustments and the consoli- dated 8s, but these bonds were little changed. International Great North- ern adjustments were not changed. International Telephone and Tele- graph 51;s were uctive over a range of a alf poin Southern Colorado Power 6s were trifle lower and so ere Skelly Oll 61,5, American Sugar i 68 were firm. There was quite a lot of trading in United States Rubber 5s with prices little changed. Today's offerings included $1,549,000 City of Elizabeth, N. J., 41; per cent gold bonds, due serially 1928 to 1962, at prices to yvield from 4.10 per cent to syndicate head- ed by the National City Co. The bonds are exempt from all Federal in- come taxes, are tax free in New Jer- sey and are a legal investment for savings banks and trustees in New York and New Jersey. C. F. Childs & Co. are offering an fissue of $575, 000 Atlanta Joint Stock Land Bank tax-exempt 5 per cent farm loan bonds, due in 1956, sold at 103% to yield 452 per cent to the redeemable date in 1936 and 5 per cent thereafter. PROFIT SCORES GAIN. NEW YORK, August 30 (#).—Net profit of the Vulcan Detinning Co. | for the first half of 1926 rose to $182,349 from $131.748 in the first six| months of 1925. This was equal to $7.53 a share on the combined pre- ferred stocks, against $5.44 a share a year ago. AMERICAN POWER AND LIGHT NEW YORK, August 30 (#).—Net income of American Power and Light Ifur the year ended June 30 was $9,- 290,051, equal after preferred divi- dends to $4.70 a share on the com- mon, against $6,876,945, or $3.51 a share on the common, the preceding 12 months. South Ry pt (5) Spicer Mfg. ..... Std Gas & El1 g3. Sid G & El pf(4) Std Ofl Cal (2).. StdaOIINJ (1).. Std O1l NJ pf(7). Sterling Pro (6). Stewart War (8) Studebaker (§). Submarine Boat. Sun Ofl (11).. Superior Of1 Sweets of Amer. Symitngton. ..... Symington A(3) ‘Tenn Copper (1) Tex& PacC & O The Fair (2.40). Third Avenue . Tide Water(1%) Tide W Ol pf(5) Timken (15).... Tobac Prod (7). Tob Prod A (7). Transcont Ol Transue & W ( Twin City (5)... Un Carbide (5). Un Bag & Paper. Un Ofl (3) Un Pacific /10). Un Pacific p£(4). Un Tank Car(5). Utd Alloy (2)... Utd Cigar 8(c2). Un Cig St pf (7). Utd Drug (8)... United Fruit (4) U 8 C1P&F(10) USCIPDL (7). U S Distributing US Hoffmn $3%. U S Ind Alcohol. U 8 Realty (4).. U S Rubber...... U S Rub 1st (3). U SSmelt (3%). US Smpf (3%). U 8 Steel (7)... U 8 Steel pf (7). Unlversal Pipe. . Univ Pipe pt (7) Utl P& Lt A (e2) Vanadium (3)... Vick Chemical. . Vir-Caro Chem. . Va-CarCh 6% pf Va-Car Ch pf(7) Vivadou (3)..... Wabash.....e0e Wabash pf A(5). Ward Baking B. Ward Bak pf (7) warner Bros. ... Wwarren Bros (4) West Maryland. West Md 2d pf.. West Pacific. West Pac pf (6). West A Br(17%) Westinghse (4). Wheel & L Erie. Wheel & L E pf. White Eagle (2) White Mot (4).. ‘White SM pf(4). Willys-Overland Willys Od pf(7). Wilson & Co new Wilson A (new). Wilson pf new. . WoolwthFW (15) ‘Wright Aero (1) Yel Tr& C (72¢). Yel Tr&C pf(7). Youngstown (4) ividend rates as given in the above table are”the “aanial cash, perments on ‘the iarwise Soted. exira or soecial v degge are not included. 20 90% §Payable . Gothm 8 H (2%) NEW YORK. August 30 (Speciall.— | Gotham new 2% Crude rubber, smoked ribbed sheets, | Granby Consol. . gdvanced ¥% cent at today's noon quo- | Grt North pf (5) Tation of 41 cents. This compares| Gt No Ore (1%) with 40 cents a month ago and S8 | Grt Wetn Su (8) CEuls & year ago. ‘ 107% 106% 96% ' Southern Ry (7). 123% 123% 122w s in common stock. 3Plus 4% in stock 2 545 o 1 nmru,‘fiu-a%m-m-u year—no regular rate.” bPlus 10% in common, 2% % quarterly. SElus 5% in stock. d W & Payadle in cagh or stock. Pl . & Plus 2-50 ehare in & $2°h epecial siock. I Plus 34 i Gock, JLMS % W Jwck | IN FRENCH BONDS|__== interest centered rather in the French | D. C. MONDAY, AUGUST 30, 1926. | ON NEW YORK BONDS STOCK EXCHANGE l Received by Private Wire Direct to The Star Office. Sales. High. Low. Close. . 30 55% b4 55% 2 B5 64 65 2 103% 103% 101% 101% UNITED STATES. ! Sl.Olmfi CM&StFevs. “Low.__ Close_ | CM&SP cv 5scfs 14 101471014 | CM&StPas 101 28 101 28 100 22 100 22 1013 1013 102¢ 1026 101 13 101 13 103 17 103 15 107.16 10721 103% 101% Lib2d 4%s. 295 10025 e Tib3d 43s. 304 1015 Lib ¢th4%s 44 1028 B3%s.... 210116 US4s1944. 910823 U84%s62. 2510721 FOREIGN. Sales. High, Argentine @s Ju 59. 15 99% Argentine 6s Oct 52 17 99t Argentine 6sA.... 6 99k Arrentine 6s B 899 Argentin 7 100% Australfan Austria 7s. Bank of Chile Bank of Japan Chi Rys 6s. . CMRI&ZPTr! 4s ChiTH&SESs Chi Un Sta 4%s. Chi Union Sta 5 Chi Union Sta §s Thi Unton Sta 6% Chi & W Ind cn ¢s. C&WIbE%s62 CCCAR&StLrfésA. Clev Term 6s. .. Cleve Term 5%s. Colo & Sou 4%s. Cuba RR7%s.. Del & Hud cv 6r 35 Del & Hud 5%s. Low. Close. 89 9% 99 S84 100% S 681. 2% 102% 4 96Y% 100% 86% 1% 9% 107% 107% Det United 43s. Frie 1st cons 4s Frle gen 4« Frle conv 4s A Frie conv 4s B. Erfe & Jersev s, Fla B C 55 74. Gr Trunk s at 6 Arand Trunk 7s Gt Nor 41576 D.. Great North fs. . .. Areat North s, . Ar North ~en 7 Havana RRL& Hua & Man raf Gs.. ! FTud & Man af 68 T Central f%s. ... "N-C-C SLANO s. ™t Rap Tran fs. .. Tnt Rap Tr 5= stpd- it Rap Tran fs... nt Ran Tran 7a. .. Tnt & G Nor 24 &: Kan City F't € 48 Ran Citv § Fs Ran Citv Term 4 Lehigh Valen 4s. . Tonls & N unf 4s Louls & N5s B. Market St 7s 40. Man Ry 1st 9 MK &T 1st M K & T ad{ MK&Toprin Mo Pacific zen Mo Pac 5= 1965. Mo Pac 6s 49 D. Mo Pac 6s 55 B. Nassau E Ry 4s 67. New Or Term 4s. NOTex& MbsB N YV Cengen 3%s.. N Y Cent 45 98 NYCentriba ... NYChI&SIL 5148, Canaéa Bs 19E2.... anads 6%s 1929.. Chile 7s 1948 Chile 85 1926. Chile 8s 1941. Chinese Gov Ry fs Con Pow Japan 7s. Copenhagen 5% Cuba 5%s. . Czecho 7%s rets, Czecho 83 1961 Czecho 8s 1952 ct. . Danish Munic 8s B. Denmark 8s....... Dutch East I 6s 47. Dutch Fast I 6s 62. 12 103% 110% 103% 105% 1034 99 - - eRam Semnilaneen 19 23 P French 7%s. . French 8s. .. German 7s . Gar Agr Bank7s. .. Ger Gen Elec 7s... Halt16s...... Hungary 7% Italy 7s. .. Japanese 4s. .. Topanese %8 von 6s. Afarsetlle 6 Mexico 4s 04 asntd. Mexico 45 10 asntd. Mexico 58 assented Netheriands 6s 72. Norway 6s 1944. Norway 8s 1952 Orfent Dev deb 68 Paris.Ly-Med 6 Paris-Ly Med 78 Paris Orleans 7s "~ 0w e s ®nn Y Rrs 6s 65. vl Y State Ry 4%s. NV W& Bosdts. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 4s Northern Pac 6s D. Northern Pacr i 6s Ora & Calif 1st b Ore Wash 1st rf 4 Pennsyl gen 4% Pennsy! 5n 64..... Pennsyl 6%s Pennsvl zold 7s Pere Mara 1st 5 Port RL & P bs 42. PorRL & P 6s47.. Reading gen 4% RIATK& L4% St L IM&S 48 29 St L IM&S R&G StL&SFplisA.. StL&BSF prinbss. StL&SF5%sD.. StL&SFadf6s.. StL&SF inc6s.. . StL&SFplesC.. St P & KCShL 4%. St P Un Dep 5 StLS W 1st 4s. StL S W conds Prague T%s. . Queensiand 6s. .. Queensiand 7s. Rhinelbe 7s war Rio de Jan 88 47 Sao Paulo 1950. Saxon (PW) 7s. . 9 Seine 78 42........106 Serbs Crot Slo8s.. 15 Sweden §%s ct. Swiss 5% s 1946 1034% Utd Kingm 5%s37. 9 105 105 MISCELLANEOUS. Am Sugar ref 6s. .. 103% 103% o8 9% 1024 101% 100% 100% 105% 106% 87% 9T% 13% 109% 113% 109% 161% 105% & 99 #9% 93 5 103% AmT&Tst6s... Am T & T deb 5%s. Am Water Wks 63. Am Writing Pap 6s Anaconda 1st Anaconda cv d Andes Cop 7s rots. Armour&Co 4%s rf Armour Del b #| Assoclated Oll 6s. Atlantic Refin 5s. .. Barnsdall 6s otrs. . Bell Te1 Pa 68 B... Bell Tel Pa 55 C, Beth Steel pm bs. Beth Steel 538 53. iSoth Steel 6s. ... Brier H St 15t 5% Bush T Bldg 53 80. Calif Pete 63s. . Cen Leath 6s 45 ¢ Chile Copper s 32 Commonwith P Con Coal Md 1st 5s. Con Gas N Y 5%, Cuba Cane cv 7s Cubn Cane ov Dery (D G) 7s. Det Edison 5s 40. Det Edison ref 6s. Dodge w | Duquesne Lig] Est Cuba Sug 7% EmpireG&F 73 Goodrich 6%s. . Good year 83 1931.. Hershey 6% Tilnots Bell Int Mer Marine s Int Paper 68 47. nt Paper 6 nt T & T 6%s. Kan CP&L 68 A 52. Kan G & B 68 52. Laclede G 6%852.. Liggett & Myers 53 Manati Sugar sf 7% Mid-Con 6%8 40 Midvale Steel b8 Montana Pow 68 Mor's & Co 1st 438 N Y Eason 58 44.. N Y Edison 6%s. N Y Tel6sdl.. Nor Ohlo T & L 6s. Nor States Pow 55. 101% 93'4 102 102% 7% 5% 100% 104% 9914 103% 101% 108% Seab All Fla 6s. Sou Pac 48 25. Sou Pacific et 4s. Sou racine rer & | Southern Ry gen 4s Sou Ry con 58 94. Sou Ry 68 G6. Southern Ry 6% Third Ave ref 4 Third Ave adj 5s. . Tol Tr L&P 5%s 30 Union Pac 1st 4s. Union Pac 48 37.. Union Pac cv és Virginia Ry West Maryland 4s Western Pacific 6s. Whel & LErf 4%s 20 Wisconsin Cent 4s. 2 82% WHOLESALE TRADE GOOD. ATLANTA, Ga., August 30.—The wholesale trade report the last week was one of the best in recent years. The number of interior merchants attending the Fall buyers' convention < the largest in many years and les exceeded past records by large amounts. z ‘ 11 5 2 4 3 1 9 3 1 1 1 2 WILL PAY DIVIDEND. CHICAGO, August 30 (P.—An ini- tial dividend of $i.75 on the out- standing $5,000,000 cumulative pre- ferred stock of the Indiana Limestone Co. pnd been declared, Lawrence H. Whiling, chairman of the board of directors, announced last night. The dividend is payable September 1. Organized a_few months ago along [ the lines of the United States Steel Corporation, the Indiana company has acquired the properties of more than a score of other companies in the Bedford-Bloomington quarry re- gion. ey SCOURED WO BOSTON, August 30 (Special).— Some increase in the buying by woolen mills gave a little more ac- tivity to scoured wools at the start !of the week. Sales included short Cape scoured at around 85 and some | East India sorts at 65a67. The posi- { tion of pulled wool also has been im- proved by buying from this source, with super “C” grade scarce at the ! moment and active at 70a75 clean. | Other grades of pulled run up to 1.10 | clean for “AA’ wools. =4 FLOUR UNSETTLED. Pac T & T 68 52 Pan-Amer Pete 6 Peoples Gas bs. Phila Co 5%s 38 Phila Cort 68 A Plerce-Arrow 8s. Public Service P Serv Gas 5% Remingtn Arm, 0LS ACTIVE. U S Rub 1strf 5s U S Steel sf6s.... Utah Pow & Lt .29 Vertientes Sug West Elec 5 Westinghouse Willys Ov 6%s 33. ‘Wilson & Co ist 6s. 2 Youngstn 8 & T 6s. 6 104% RAILROAD. Atchison gen 4s. 5 92% Atlantic C L 1st 4s. 37 93 B&Ogoldds...... 13 914% .17 96% .24 98% 2 102% 12 102% 107% 100% 80 unsettled; Spring patents, ! easy: fair to good, 6.00a6.1 | fancy, 6.15a6.25. Rye easy: Western, 1.06% f.0.b. New Yori 1.04% c.if. export. Barley easy: ing, 19%a82 c.l.f. New York. -—— VISIBLE GRAIN SUPPLY. b & O SwDiv B & O Toledo Bklyn Manhat Buff R & Pitt 4% Can Nat 4% 30 Canad Pac deb Car Clinch & O Centof Ga 5%s CentofGags. ..... Central Pacific 4s. . Cent Pac 1st 58 90. Ches&cvbs. ... Chi & Alton 3% ChiB&Qegn & Chi &'E1gn 6 Chi Great West 4s. CM&StP s CM&StPgnsy CM&StPcv4éRs. CMa&BPcvilsizefs 7 CM&StPrélectie o " 96% Y% 98Y% 85% 107% 103% 102% visible supply of American shows the following changes, bushels: Wheat, increased, 1,731,000; corn, decreased, 892,000; oats, creased, 2,645000: rye, increased, 502,000; barley, increased, 441,000, SENECA COPPER HAS PROFIT. NEW YORK, August 30 (#).—Op- erations of the Seneca Coper Corpora. o eBRruloavnwas a deficit of $114,690 intereste NEW YORK, August 30 (®).—Flour 7.50a7.90; soft Winter straights, 6.4026.65; hard Winter straights, 6.85a7.25. Rye flour : choice to NEW YORK, August 30 (#).—The grain in in- tion are reported to have been at a small profit in July, with indications of an increase this month. There was r the first half of 1926, of which $50,000 was bond FINANCIAL. ' iLEsurr NEHS TRIDINE S| GHT | ON EXCHANGE ERE i Capital Traction Holds at 104 3-4—0nly Two Bond Transactions Recorded. |Values Develop Considerable Strength During Latter Part l of the Board Session. By the Associated Press. CHICAGO, August 30.—Wheat values developed considerable strength today in the last part of the Board of Trade session. A better class of buy- ing became noticeable after announce- ment of the United States visible sup- ply statement, showing a smaller in- crease of wheat than had been expect- ed. The visible supply figures indl- cated that wheat moving Kast is going rapidly into the hands of con- sumers. WHEAT— September ... comber BY EDWARD (. STONE. Trading was in moderate when the week's business opened on the local exchange today. The first sale was in Capital Traction. which brought 104%, the same price also prevailing after call. Five shares of Riggs Nationul Bank stock sold at 455 and 10 shares of Continental Trust went at Railway and Electric pre ferred sold at 90, and the remainder of the stock trading was confined to Merchants' Transfer and Stora, issues, 40 shares of the preferred sell ing at 101 and 29 shares of common going at 1141;. On the bond side of the market « small transaction in Georgetown Gas 5s registered 9 while Washington Gas brought 10015, C. & P. Net Income Falls Off. The report of the Chesapeake and Potomac Telephone Co.'s operations for the month of July to the Pubiic Utilities Commission shows telephone operating revenues of $663.616. beinx a decrease of $28,677 compared with June. Telephone operating expenses amounted to $399.449, being an in crease of $2.422 more than June July taxes amounted to $45.875 i other miscellaneous expenses we $7,574, causing the net income of $110 718 to be $29.972 less than the month of June. This statement also shows that the expenditures for equipment added during the first seven months of this year amounted to $1,565.315, while thy retirements during this same period amounted to $626,870, making the 1. additions for the seven-month perind $938,445. The net additions to plant and equipment for the 12 months ended July 31 were $1,886.662. Bankers Returning Home. Charles C. Glover, chairman of tiw board of directors of the Riggs Nu tlonal Bank. has returned from lis vacation and was back at the hank to day. He spent the first part of the volume YE— September December May ... o LITTLE CHANGE SEEN IN STATUS OF WHEAT 1927 Situation to Be Much Like Present, Department of Agri- culture Predicts. N By the Aesociated Press Wheat growers were advised by the Department of Agriculture today that the world market situation confront- ing them probably would show little change in 1927, and that they should not expect conditions similar to those prevailing in 1925, when prices were on.a domestic market basis. “It does not seem Ilkely that the world market situation for wheat next year will be materially different from the present,” the department stated, “as there is little indication of any material expansion in acreage outside the United States and the carry-over next July is not likely to be large. Barring unusually high yields, such as occurred in 1915 and 1923, over a large part of the world, | Summer at York Harbor. Me., whei« foreign competition probably will be [he is one of the best known visitors about on a par with the present year. |at that shore resort. Later he we “If American farmers carry out|to Newport. The veteran banker i their intentions to increase Winter |in excellent health and reports a fine wheat acreage 14.4 per cent. and aban- | Summer. { donment and ylelds are av ge, Willlam J. Filather, vice presiden Winter wheat crop of around 573,000,- |of the Riggs Bank, has also returnd 000 bushels would be produced. which | from his vacation, having passed . { would be about 9 per cent less than |month at the famous Poland Spring that harvested in 1926. With this|House. in Maine. He has been a rex average yleld next year there would |ular annual visitor there for mans e a surplus for export and addition | years. to carry-over of around 200,000,000 | Edward J. McQuade, vice president bushels, of the Liberty N: 1 Bank, “Farmers should not be misled by led to his desk today after a three the relatively high prices received for | week outing. He puassed the first part the wheat crop harvested in 1925 fon in ihe White Moun when prices were on « domestic basis. o ol iter and under normal conditions should b expect, In 1927, prices mowe in line Wi SN with world prices. Farmers in sec-|tha Union Trust i tions which normally have a large | Washington tome corn acreage should also keep in mind. | the Summer At in making a shift in wheat acreage. | House fn Maine that the present unfavorable situa- o 2 tlon for corn is not likely to be re- peated next vear. In planning pro- i duction, farmers should consider also what producers in competing coun- tries are doing. “The areas sown in wheat in com- peting export countries, outside of Russia and the Danube countries, ex- panded considerably during the war and have been maintained or cen- tinued to expand since the war. With average vields, forelgn competition probably will he maintained and may be slightly increased.” . Stellwagen of will return to after spending the Poland Spring Branch Banking Coming Up. Federal legislation dealing with the extension of charters of the 12 Fed- eral Reserve banks, control of branch banking and the equalization of rights between Federal and State banks will be among the subjects to he discussed at the convention of the American Bankers' Assocation to take place at Los Angel October 4 to 7. As already announced, about a dozen prominent Washington bankers are planning to journey Westward and take In the convention, some golng by way of thé Panami Canal and the rest over the raflrvad scenfo routes. Bankers here consiller the branch banking Issue more interesting than any other subject that is likely to come before the annual gathering. Get Three-Day Holiday. The local broker offices cx rving the New York Stock Exchange quotations will be closed next Saturda s New York Exchange governors have v to close on that date. The extra holi day preceding Labor day was request ed by 552 signers. This is the same action that was taken on the Satur days preceding Memordal day and the Fourth of July. The New York Curb Market will also close on Sep tember 4. GRAIN EXPORTS GAIN. 7,928,000 Bushels Shipped in Week Against 5,842,000 Week Before. Exports of grain from the United States totaled 7,928,000 bushels dur- ing the week ending August 28 42,000 0 week hefore. Commerce Department figures an- nounced today showed the following exports for last week and the previous week: Barley, 443,000 bushels, against 147,000; corn, 218,000, against 218,000 Oats, 93,000, against 53,000; wheat, 7,174.000." against 5,424,000, & "Canadian grain in transit from the United States totaled 742,000 bushels, a!{:\]l“‘l 560,000, and wheat flour, United States and Canadian, in transit. totaled 140,000 barrels, aganst Baltimore Markets BALTIMORE, August 30 (Special).— Potatoes, barrel, 2.0025.00; 100 pounds, 1.50a3.25; sweet potatoes, barvel, 2.50a 7.00; yams, barrel, 2.00a5.50; beans, bushel, 1.25a1.50; beets, 100, 2.25a3.25; cabbage, 100, 2.00a4.00; carrots, 100, 3.50a5.50; celery, crate, 1.50a3.00; corn, dozen, 10a18; cucumbers, basket, 40a 50: eggplants, basket, ; lettuce, 0a2.50; lima beans, bushel, onfons, 100 pounds, 1.76a a30; squarh, basket, 30a40; tomatoes, ripe, basket, 25a50; green, 25a50; packing stock, bushel, 70a75. Apples, barrel, 1.00a2.50; bushel, 40a 1.25; blackberries, quart, 10al2; can- taloupes, basket, 25a crate, 40a1.50: honeydews, 1.25a1.75; peaches, bushel, 1.00a2.50; pears, hamper, 50a1.00; ket, 50a75: huckleberries, watermelons, 100, 8.00a35.00; =ulls, 5.00a6.00. Grain and Hay Prices. Wheat—No. 2 red Winter, domestic, spot, 1.39; No. 2 red Winter, garlicky. spot, 1.31%. Cargoes on grade: 2 red Winter, garlicky, 1.30% . 3, 1.27%; No. 4, 1.24%; No. 5, 1.211. Bag lots of nearby at 1.18a1.26. Corn—Domestic. No. 2, yellow, 86 No. 2, spot, export, 80; No. 3, spot, export, 78. Sale—Bag lots of white delivered at 73; bag lots of white at wharf at 70. Oats—No. 2, new, 47 bushel; No. 3, old, 44 asked. Rye—Nearby, new, 80a1.00 per bushel; No. 2 export, spot, no quota- tions. Hay—Recelpts, 61 tons. The stock of old hay on this market is about cleaned up, and for new hay arriving in good order there is a fair demand at a range of 21.00a24.00 per ton, as to grade and kind. Where new hay comes o and in a heated or sour condition, however, there is no de- SN0 At an pree: 0 de. NEW YORK, August 30 (Special). —The cotton goods market started this Dairy Products. week quietly at unchanged price Live poultry—Spring chickens, 25a | \vels: Print cloths were quoted at 32; leghorns, 22a27: old hens, 20a30;| 1% cents for 64x60s and 83 for leghorns, 20a21; old roosters, 19a20:|88X7%s. Raw silks were firm. ducks, 25a28; old, 15a20; pigeons, pair, 20a35; guinea fowl, each, 50a7 Sggs—Receipts, 563 cases; native and nearby current receipts offered at 32a33. Butter—Good to fancy creamery. pound, 4014a43%; prints, 4315a45%: |4 blocks, 42%a44%: ladles, 30a31; rollx, | g 25a27; store packed, 24%a?! prints, 26a27; process butter, P e e asked per BUTTER IS HIGHER. CHICAGO, August 30 (#).—Butter higher: receipts, 12,167 tubs: cream- ery extras, 421 standards, 41i4; ex tra firsts, 40%a41%; firsts, 37% seconds, 33a36. i DRY GOODS UNCHANGED. FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Rat Bid. Ask Closiug ) % ed " Viei jo—Maturil Nov. 1 (L e B NEW YORK, August 30 (#).—An initial quarterly dividend of 50 cents a share has been declared on the new no-.par value common stock of By- Products Coke Co., and the regular quarterly of $1 a share on the old $100 par common, both payable Sep- :;mtrr 20 to stock of record Septem- T 4. e e Wedding Rings for Men. Jewelers are trying to introduce into this country the custom of the | husband wearing a ring as well as the wife. They would have the engaged girl give the engaged man an engage- ment ring, made up of his birthstone or the stone of the month in whicl the engagement occurred. It is ha likely that idea will become popt with American girls. And as to men wearing wedding rings, some of them already do. The double-ring ceremony’ s not unknown in the United States. But should the custom become gen- eral, the scary kind of bachelor might resort to wearing a wedding ring to keep the girls off. INCOME DECLINES. NEW YORK, August 30 (#).—Net income of the American Agricultural Chemical Co. for the year ended June 30 declined to $1,023,712 from $2,045.- 814 the year before. This is equal to $3.59 a share on the cumulative 6 per cent preferred, against $7.19 a share in the preceding 12 months. FISHER'S PRICE INDEX. NEW HAVEN, Conn., August 30 (Special).—Prices, 148 1-10; purchasing Antigua, in the British West Indies, power, 675 Crump's, 1419-10. Irv- | has a cotton crop this year of 91,000 ing Fisher, Yale economist, reports. pounds, which doubles its yleld of, fLonsTighi. 1926, oed. — ‘ ’