Evening Star Newspaper, September 1, 1926, Page 30

“ g0 RAIL SHARES AGAIN | ATNEWHIGH MARKS A. C. L. and C. & 0. Are| Strongest—U. S. Steel Has ! a Further Rally Today. BY STUART P. WEST. Special Dispatch to The Star NEW YORK, September 1.—Rail- way shares’again occupied the center of the stage in the market vo! For the most part th with some notable Chesapeake & Ohio for all time. Union the quarterly dividend since pre-war years. New York Cen- tral, well across 141, was at its best since the early munlh.\ of 1914, was bid id 2t the highest wific selling ex the highest up a new high rece ware & Hudson. St cisco rose over a point. & rm | One of the features of the day in the remarkable railway campaign was the i inclusion of o rumber of the lower priced no idend-paying stocks. | the movement had been confined pretty much to the old line today here was | ike New and. Western _and Wabash, The Wheeling 7 Lake iries were taken up with dvance of over 2 points in the common. The simultanecus buyving of Ontar and | and New Haven ed the report about latter trans. ferring its holdings of O. & W. to the New York Central. Tnited States Steel had a further rally, but during the greater part of the session General Motors was rather freely supplied around yesterday's close of 210. Tobaceo stocks stood out again on the buving side, especially Tobacco Products, which was entering new high ground: United Cigar Stores and Consolidated Cigars. Congoleum made a new high. Du Pont, selling ex-dividend. a good deal more than made up the deduction from its price. Hudson Motor was better sustained and other motors were either holding around or above their pre- vious close. The oils were variable, inclined to advance at the start, but running into a lot of realizing as the day went on. This selling affected Texas Company, which had been one of the leaders of the group. and General Asphalt, Barns- dall A. Houston, Union Ofl of Cal- ifornia, and Shell Transport were all higher. Skelly Oil was actively bought close *o its high prices of the vear. Phillips Petroleum, which had closed at 503, opened at 51 on a sale of shares, went to 513, then halted. Markets at a Glance By the Ascociated Press NEW YORK.—Stocks strong: rails tinue advance. Bonds steady; 35,000,000 Illinois Central issue over- subscribed. Foreign exchanges firm: Italian lira up 45% points. Cotton | declined; better weather. Sugar e Cuban seliing. Coffee lower; Buro- pean selling. CHICAGO.—Wheat Canadian harvestin: steady : light deli s Cattle s Hogs weak: light demand. WOOL BUYERS ON HAND. BOSTON, september 1 (Special). - Appearanca in the wool market of a f farge number of will buyers provided new encomragement for deale The buvers from worsted mills now include a few who hitherto have not o Fair sized quanti- puiled wool and While the price there more | the top figures. months staple an basis. rains Corn eady. | nofls are range is frequent selling at Some good Texas sold at 1.05a1.10 RUBBER DECLINES SW YORK, September 1 (Special). —Crude duber, smoked ribbed sheets declined a v's noon quotation of 40 ‘his com- pares with 391, month ago and 95 cents a vea no GETS NEW YORK BONDS ALBANY. N. Y., September 1 (#) The Chase Security Corporation, New s the successful bidder today per cent bonds of York. Their bid PRICES ON PARIS BOURSE. September 1 (#).—Prices on the Bourse to- 50 francs exchange on London, 1 per_cent loan, 54 francs The dollar was quoted 80 centime: FINANCIAL, THE EVENING STAR, WASHING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Abitibl Pow (4). AbrahmaStraus. Adams Exp (8 Adv. Rumlsy. ... Ad Rum'ey pf(3 Ahumada (v1).. Alr Reductn(16) A'>x Rubber. . Albany Papr (2), Allted Chem (4). Allis Chalm ().. Amal Leather. , Amerada (1.60) . Am Agricul Chm Am Agri Ch pf. . Am Bank N. 1.66 Am Reet Qugar.. Am Beet S pt(7) Am Bosch. Am Brake Sh(6) Am Br Bov EI(2) AmCan (3)..... Am Car&Fdy (6) Am Chatn A'(2). ( Am & For Pow. Am & Fo P pt(7) Am Hide & Lea. Am Hide & L pf. Am Ho P (2.40). Am Tee (410). Am Ice pf (6). Am Internati. AmLaFr1)... Linseed. Am Locomot ‘8) Am Mach & Fy.. Am Metals (4) Am Po&Lt ‘gl). Am Radlator (4) A Safetv R (3) Am Ship & Com. Am Sm & Ref (1} AmS& Rt () Am Snuff (12).. S Rt FAva (3) \m St} Fy-pf(7). \m Suear (5)... Am Suzar pf (1) Am Sumatra.... Am Tel & Ca Am Tel & Vel(9) Am Tabacco (8). Am Tobac B (8). Am Typ Fdrs(8) Am Wa Wo c1.20 tm Woolen..... Am Wool pf (7). Am Writ Pa pf.. Am Zincpt... o Anaconda (3). . ArmourDel pf(7} Armour of 111(A) Armonr of iil(B) Artloom (8). Art Metal (1)... Asmo Dry G(2%) Atchison (7).... Atchison pf (I At Birm & At... At1C Line(19%) AtI Guif & WI.. Atl Gulf&WI pt. Atlantic nennz. Atlas Tack. Austin-Nichol Baldwin L (T). Ralto & Ohlo(6). Balto & Oh pf(4) RBang & Ar (3).. Barnet Leather. Rarnsdall A (3). Barnsdall B (2). Bethiehom Steel. Beth Stl pf (1) Booth Fishere: Botany A (4) Briggs Mfg (3).. Bkin Edison (8). Hkin-Mn Tr (4). Bk-Mun T pf(6). Bkin Un G(111). Brown Shae (2). Brunswick Balk. runswick Ter. . Buff Roch& P(4) Burronghs (14). { Bush Terminal.. Butte Cop (60¢). Butte& Super(2) Butterick. .. | Byer & Co. Calif Packg (4). 1t Petrol(2).. Callahan Zine. .. Calumet& Ar(6). Calume&H(1%). Can Pactfic (10). Case Threshing. Case Thr pf (7). Cent Leather Cent Leather Cen Ry NJ(t12). Cerre Do P (4).. Certain-Teed (4) Chand-Cle pf(4). Ches & Oh (112). Chi & Alton pf.. Chi & East 111 pt Chi Great West. Chi Gr West pf.. Chi M1 &St P... Chi Mil & St P pf C Mil & St P ctfs C MII&SLP pf cfs | Cht & Nwa (4). ChiRI& Pac... CRI&Ppf (6). CRI&PDPL(). Chilgs (32.40)... Chile Cop (2%) . Christie B (1.20) Chrysier Corp(3) *Clev & PItt(3%) Coca-Cola (7)... Collins & Alkmn. Collins&Alk pf 7. Col Fuel & Iron. Colo Southern. .. Col Gas & El (5) P 3 Col Carbon (4).. COTTON GOODS QUIET. eptember 1 (Spe- s markets were print cloths quoted unchange for 64x60s, and 83, for £8x72s. Haw silks were mod ely active at unchanged levels. RLCOBI) STOCK SAI.ES NEW YORK. September 1 (#).— Total stock sales in the first eight months of this vear reached the rec- ord-breaking total of nearly 300,000, 000 shares, an increase of approxi- mately 30,000,000 shares over the first eight months of 1925 OPERATE SHIP LINE. ATLANTA. September 1 (Special).— The Steele Steamship line of this city and Swayne & Hoy an Francisco ken over the steamships of the Pacift began operating a line of eight steam- ers between gulf and Pacific ports. BETIBES MUCH PREFERRBD. NEW YORK. September 1 (P).— Gotham Silk Hosiery Co. has retired more than $2,140.000 of its T per cent cumuiative convertible first pre- ferred stock through conversion and sinking fund and is f-ee of funded debt and bank loans. August sales Were the largest for any August in | the company’s history. —— . STOCK OVERSUBSCRIBED. NEW YO September 1 (P — Public offering of 40000 shares of common stock of the Marmon Motor Car Co. has been u\er«:uhivnhcxh DIVIDENDS Pay- abie 1 Stock of | Tecond Sept 15 bt 15 « Period. Alied Chem pf. mer Can pt Ttte Superio: (B % O dc8a i 50 Sept 30 Sept 15 Sept 15 Sept 15 Sept 24 Sept 10 Oct 1 75 Oct11 175 Sept 30 Com Cred (2)... Com Cred 1st 6% 101% 264 9% ).. 128% 204 90% 9 127 25% . 128 82% Com Inv (3.60).. y Com Solv B Congoleum-N. .. Congress Cgr(3) Con Cigars (7). Consol Distribut Consol Gas (5).. Consol Textlle. . Cont Baking A.. Cont Baking B.. Cont Can (16)... Cont Insur Cont Mot (80c).. Corn Prod(t12%) Coty Inc (4).... tl (8). Cuba Cane Sugar Cuba Cane Su pt. Cuba Co (4).. Cuba Co rights. Cushman's (8).. Cuyamel Fr (4). Davison Chem.. Del & Hud (9).. Del L & Wa (17) DRG Wstpf... Detroit Ed (8).. Dodge Bros Cl A Dodge pt (7).. Douglas Pec (2). Dul S S & Atl pf. Dupont (14)..... Dugquesne pf (7). Eastman (18) Eaton Axle (2). Eisenlobr & Bro. El Auto Lt(16% Electric Boat... Biec Power & Lt EP&Lpt 40% (7) | Elec P & L pf(7) Eleg Refrig(f2). .ec Sto Bat(16) Emmerson B pf. End-John (5)... Engineers Pub S Engnrs PS pf(7) rie 2d pf. .ureka Vac (4). Fairbanks (8)... Fam Play (J10). FedLight(®1.40) Fed Min pf (7).. Federal Truck.. Fid Phoenix (6). First Nat S(1%) Fisk Rubber.... Fletschmn(12%) Sept 15 1 1 Sept 15 Foundation (8). Fox Film A (4).. 1 Sept 31 | Freeport-Texas. mlme Muln- st pt 1 oo Water Oi Sept 1L Sept 21 | Gabriel Snu (5) 33% 20% 46t 9y . Low. Close, | Gardner Motor. Gen Asphalt.... Gen Asph pf (5). Gen Elec (112). . Gen Eloc sp(60¢) Gen GEE A E1% Gen Motors (118) Geu Mot pf \7) Gen Qutdr A (4). Gen Outdr Ad(2) Gen Ry Sig t45 Gen Refrac (3).. | Gimbel Bro: Gitdden (2) Gold,Dust. Goodrich Ru (4) Goodyear pf (7). Gothm S H (235) Gotham new 235 Granby Consol. . Grt North pf (5) Gt No Ore (1% ) Grt Wstn Su (8) Green Canan. Gulf Mo & Nor, Gu M & N pf (§) Gulf States S ( Hartman (8) Hayes Whtay, Hock Val (112).. Househd (135 Houston OIL. , Howe Sound (3) HudsonMan(2%: Hudson Mo(3%) Hupp Mot (1)... INinots Cen (7. Tndan O11 (1. Indian Motor (2) Indlan Refining. Tnzersoll R (+4) Inland St (215). Inspiration (2). Interurb Rap Tr, Intcontl Rub(1). Internat Agr. .. In Az C pr pf(7) Int Bus Ma (3) Int Cement (4) Int Com Eng (2 Tnt levl!r(') IntMtch pf(3.20) Int Mer Marine.. Int Mer Mar pf.. Int Nickel (2). Int Paper (2)... Int Paper pf (7). nt Tel & Tel (§) Jewel Tea...... Jordon Mot (3).. Kan City South. Kavser J (3). Kayser pt (8). Kelly Spring 1st. Kelsey Whi (6). Kennecott (4).. Keystone T & R. Kinney pf (8)... Kresge 83(1.30) Kresize Dept S.. Lago Ofl & Tran Lambert'(334).. Lee Tire & Rub. Leligh Val(3%) Leh&i™ink stf(3) Life Sav (1.60).. Liggett & M (M) Loew's Inc (3)... Loft..... 5 Loose Wiles. Lorfllard(2). Loutstana Of1 LoulsGasA ( uoum\un(nm Ludlum Steel (2) MecCrory B 15.60. Mclntyre P (1). Mack Trucks (8) Macy HR & Co. . Magma Cop (3). Mallison & Co. .. Man El Sup (5).. Man El m g (d5) Man Shirt (1%). Maracaibo Ol Marland O1l (4). May Dept St (5). Maytag Co (2).. MetroG p?(1.89). Mextcan Seabd. . Miami Cop (1).. Atid-Continent. . Mldale States. .. Mie States Ofl ot Midland pf(+10). Miller R ctfs(2), Min St P& SSM. M St P & SSM pt Mis Kan & Tex. . Mo K & T pf (8). Miswour! Pacifle. Missourt Pac pf. Montana Pow (5) Montgom Ward. Moon Mot (3) Mothr Lode(7! Mo Plcture(1%) Motor Met(8.60) Motor Whi (3).. Murray Body... Murray Body ctf Nash Mot (13).. at Biscult t4% Nat Cash Reg(3) vat Cloak pf (7) Nat Enamel & S. Nat Lead (8)... t Ry Mex 2d,. Nat Supply (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) NY Dock....... Y Dock pt (5). Y & Harl (5).. 'Y NH & Hart.. Y On & West. . N Y Rys 24 stpd. NY State Rys... Niag F pf (1%). Norfolk South. . rfk & Wn (18) rth A (B3.40). orth Am pf(3). NthAm Ed pf(7) Nunnally (1.50). Omntbus....... Onyx Hos (3.20). Oppenheim (3).. Orpheum Cir(2) Otis Elevator (8. Pac Ofl Stubs. ... Packard (12.90). Paige Mot(1.80). Pennsy R R (3). Penn-Seab Steel. Peora & East. .. Pere Marq (18). Pere Marq pf (5) Pere M prior(5). Phila Co (4).. | Phila&RC&T Phillp Morrk Phiilips Pet (3). | Pierce-Arrow.. . | Plerce-Ar pf (8) * | Pledce O pf. 88% Pterce Petrolm. . | Pitts & W Va(6) | Pressed Steel (n) | Prod & Refiners. | Pub Ser NJ (6). | Pub Serv pf (8). Pub S NJ pf (7). ! Pullman Co (8 Punta Aleg Sug. Pure Ofl (1).... Radio Corp of . RS I Cefs (4). Reading (4) Reading ris. Reading 24 (' ! Gen Am Tnk (3) * Open. 7 48 92% 188% 9l 1% 50% 210% 40% 394 S'I"i lZE"i 182% 641 6% 291 364 62y 97 123% 40% 22 126% 40% 224 47% 44y 106% 64 95 Postum (5)..... 1 TON, INBOND MARKET Activity Is Confined for Most Part to High-Yielding Descriptions. BY GEORGE T. HUGHES. Special Dispateh to The Star. i NEW YORK, September 1.—Prices { were generally higher in today’s bond | market, although activity was' con- fined for the most part to the higher- vielding descriptions. In the high-grade group Liberty fourth 41;s advanced and fractional gains were recorded by Atchison gen- eral 4s, but generally this section of the list did little. There was a mod- erate run-up in St. Louis-San Fran- cisco prior Uen issues, both the “A” 4s and the “B" bs, explainable by the better feeling toward the stock rather than any improvement in the invest- ment status. Buying went on in selected specu- lative railway bonds at a brisk rate. The-feature was International Great Northern, which crossed 82 for the first time, responding to better earn- ings. Missouri, Kansas and Texas adjustments were also in demand and w Haven convertible 6s went up with the stock. St. Louis-San Fran cisco 6s, on which the annual pay ment comes off the price on October 1 next, sold above 95. There was the usual correspondence in move- ment between stock and bonds of Delaware and Hudson convertible 5s. More interest was taken in oil se- curities under the leadership of Barnsdall 6s. which advanced to par, and Skelly Oil 614s, up at one time 3 points on the conversion privilege. International Mercantile Marine 6s were a shade higher and so were United States Rubber 5s. Sugar bonds were steady. Third Avenue re- funding 4s were conspicuous in the traction group. Foreign bonds were firm. The feature was the Itallan 7s, which sold above 91 for the first time since the dissolution of the syndicate. French bonds were higher, too, the 8s at 103% equaling the previous high for the year. There was a brief run- up in Poland 8s. German General Electric 6%s galned a point to 1141 and Rhinelbe 7s improved somewhat. PRICE OF SILVER. NEW YORK, September 1 (A).— Bar silver, 62%; Mexican dollars 471 Remington Type 117% Replogle Steel.. 10% Rep Ir & St1 (4). 5%% Rep1&Spf (7). 98 Reynolds Spngs. Rey Tobac B(5). Robt Reis & Co.. Royal D (a3.078) Rutland pf...... Safety Cable (§) St Jaseph L(13). StL & SanFr (T) StL-SanFr pt(7) St L Southwest. St L Swn pf (6). Savage Arms (4) Schulte (18) Seaboard AIr L." Seabd Air L pf.. Seagrave(e1.20). Sears-Rn (24). Seneca Copper). Simmons({2. u) Simms Pet (1).. Sinolair O11. Skelly Ol (3). ... Sloss Sheft (8). . South Port 8 (6) Sou Cal Edison. . Sou Dairies A(4) Sou Dalries B... South Pac (§) Southern Ry (7). South Ry pt (5). Spicer Mtg. . Spicer pf (8). Std Gas & El g 514G & Bl pru) Std Mill (6). Std 011 Cal (3).. StdOlINJT (1).. Std O1l NJ p2(7). Std Plate Glass. Sterling Pro (6). Stewart War (6) Stromberg (8)... Studebaker (§).. Submarine Boat. Superior Ol ... Superfor Stl (2) Sweets of Amer. Symington A(2) Tenn Copper (1) Texas Co (3).... Tex Gulf 8 (10). Tex & Paciflo. Tex & PacC& Third Avenue .. Thompson(3.60) Tide W Oll p£(5) Timken (16). ... Tobac Prod (7). Tob Prod A (7). Transcont Ofl. .. Transue & W(2) Un Bag & Paper. Un Carbide (5).. Un Of1 (2) . Un Pactfic (10). Un Pacific pf(4). Un Tank Car(5). Un Tk Car pf(7). Utd Alloy (2)... Utd Cigar S(e2). Utd Drug (8). UtdDrg 18t(3%) U SCIP&F(10) USCIPpL(7) U S Distributing US Hoffmn t3%. U & 1nd Alcohol. U 8 Realty (.. U S Rubber..... U S Rub 1st (3). U S Smelt (3%). U S Bteel (7). U 8 Steel pf (7). Universal Pipe. Univ Pipe pf (7) Utl P& Lt A (e2) Vanadtum (3)... Vir-Garo Chem. . Va-CarCh 6% pf Va-Car Ch pf(7) Vivadou (3)..... Wabash... Wabash pf A(5). ‘Ward Baking B. ward Bak pf (7) ‘West Pacific. . Wes¢ Pac pf (6). West Union (8). West A Br(t7%4) ‘Westinghse (4). Wheel & L E pf. White Eagle (2) White Mot (4).. Willys-Overland Willys Od pf(7). ‘WoolwthF W (16) luh ‘Worthn Pump... Worthtn B (). ‘Wright Aero (1) 35% Yel Tr& C (72¢). 356 Yel Tr&C pf(7). 106 Ynunnwwn “4) 90% Dividend ra nv- in the avove ¢ ars the nnuu erly ot Br. nu :url: eclarations, or special divi- 4’-3'1': Wbk "‘E‘r"mu oy in coi 4% in e x% mururty fim.':m (3 nocl y "h"‘ |\ll5,. lflll $ Payable & b3 L) i R stock. 34 C., WEDNESDAY, PRICES ARE HIGHER | @ONDS@ ved by Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1.000.) Sales. High. Low. Close. Lib 4th 44w IGG US3§s.... 2 UB4n1944. 62 US4%sb2. 2 10727 1013 1015 101 28 102 100 23 100 28 1013 1017 1027 1027 101 14 10120 103 17 103 27 107 177 4072 FOREIGN. Argentine 5s. Bank of Chile 6%4a Belgium Canaéa 63 1963...., Canadu 5%s 1929.. Chile 7s 1943 Chile 8s 1941 Con Pow Japan 8. Copenhagen 5%s. . Caecho 8s 1951 Denmark 6s. DET5%a Mch53. DE In 5%s Nov 63 Dmtch East 1 6s 47 Dutch Fast 1 6s 62. Finland s £ 65 45. .. Finland 7s........ ltaly 7s... Japanese 4s. Japanese 61 Jergens UM Mexico i 10 asntd. Mexico 5s assented Montevidio 7s. . Norway 6s 1943. Norway 6s 1944. Norway 6 Queensland 6: Rhinelbe 7s war. .. Rio de Jan 83 1946. Rio de Jan 88 47... Rio Gr Do Sul 8s. Sao Paulo 1950. . Saxon (PW) 7 Setne 7s 42 Serbs Crot Sofsson: Sweden 6s. ‘Toho Elec Power 78 ‘Toklo 5s.... . Utd Kingm 5%s 37. 12 alS wmanSo- W e = Rrsromemeo 10 1 1 Sales. High. Low. C|’an 924 92 49 99 105% MISCELLANEOUS. | Ajax Rubber 8s.... Am Agri Chem 7%s Am Bmit& R 1st 6s AmT& Tsfbs. AmT& T deb5%s. Am Water W Anaconda 1st 6s... Anaconda cv db 7s. Andes Cop 7s rets. . Armour&Co 4%s rf Armour Del 548, Assoclated Oil 8s. . Atlantic Refin 6s... Barnsdall 6s ctrs. Bell Tel Pa 68 B. Beth Steel 538 53. Beth Steel 6s. . Bklyn Ed gen Bkiyn Union 5%, .1 Bush T Bldg 58 60 Cen Leath 6s 45 cfs Chile Copper 68 32. Col Gas & E15s.... Commonwlth P 6s. Con Gas N Y 5%48.. Consumers Pow 58 Cuba Canecv 7s... Cuba Cane cv 8s. Dery (DG) 7s..... Det Edison 68 4 Det Edison ref 6s.. Dodge w 1 63. Donner Steel 7s. ... DuqL & P 6%s 49. Duquesne Light és. Empire G & F T%s. Goodrich l%l. Good year o Goodyear 8s 1911 . Hershey 5%8. Humble O &R 5 Tilinois Bell 18t b Uifnots Steel 4% Indiana Steel 5 Int Mer Marine 6: Int Paper 68 47 1Int Paper 6 MmtT&TS Kan CP&L bs KanG&EI6s62... Lackawa S 53 60... Lacl G ref 58 34. Liggett & Myers 58 Lortllard (P) 7s... Mid-Con 6%840... Midvale Steel 6s. .. Nat Tube 1st 5s. New Eng Tel 6s. N Y Eadison 58 44 N Y Edison 6%s... NYGE LH&P ¢s. N ¥ Tel 6s 41 N Y Tel 6549 North Am Ed 6s. North Am Ed 6% Nor Ohlo T & L 6 Nor States Pow 6! Pac Gas & E158.... PacT & T 1stbs... Pac T & T 68 62 Fan-Amer Pete Peoples Gas 5. Phila Co 5%s 38. phila Corf 88 A. Phila & RAC& 168 Plerce-Arrow 8s. Public Service Pub Serv Elo;:‘ gscrv Gas 535 64. Remingtn Arms 6s. sinclair O1l 6 Sinclair Otl 6% Stnclatr Of1 78. Sin Crude Ol1 8¢ United Drug 6s, U S Rub st rt USRub7%s U S Steel s Utah Pow & Lt vertientes Sl Warner Sug 7s 41.. West Elec 5i 1 Westinghouse 7s. Willys Ov 6%s 3 Wilson & Co ist 6s. Winchester A T%s. 1 13 19 9 1 19 15 8 3 11 2‘ 93 4 4 61 10 b} 15 5 20 = 2 Ome ~SaBwans o e = ReaR unaoudeabobarnomnacRudTamun=m- SeruSafwmrun o ® 20 50 5 7 1 104% 104% 100% 104% 101% 99% 102% 102% 97% 101% l&fih 95% 00% 2004 1044 “4‘« 161% 160% 9915 994 101% 101% 108% 1064 100 105 104% 106% 100% 9314 Y7 1% 1024 108% 9514 96% 105 105% 103 1064 110% 120% 10174 102% 102% 96 1024 87% 97% 100 l!OK 103% 106% 7% 100 1014 118% 106% s 96k 1084 102 1024 115% 104%; 893, 101% 100% 106% 101% 100% 1043 100% 91k 145% 1024 105 107% 105% o 984 ]fll!u 104% 104 Youngstn 8 & T 6. 19 104% 1044 104% ty | Central Pactfic 48 SEPTEMBER 1, 1926. ] ! ! RAILROAD. Sales. High. Low. Close. 2 3 83% s0 0 96's 984% 102% 102% 107 9214 100% 804 96% 0% 9% 116% 1167 §5% 856% 1014% 102% 0% 100% Atchison gen s B & O Toledo . Pklyn Manhat 6s. Bnff R & Pitt 4%s. Canad North 8%s.. Canad Pac deb It r Clinch & O bs.. | Cent of Ga 6s. . Cent Pac.1st 58 9 ChiB&Qgn 4868, Chi B& Q st rf 6 Cht & E I gn 6 Chl Great West 4 C M & Puget S 4s CM&StP4s2 CM&StP4s25 1 CM&St Pov4ys. 23 CMaSPevijsitets § CM&StPr 4%s unl lz CM&StFevb Chi & NW 4% 87... Chi & N W ref 5 Ch1& NW 6%s. Chi & NW 7s. Chl Unton Sta 6%s. Chi & W Ind on CCC&StLbs Clev Term bs. Frle gen 4s. Erle conv Erfeconv 4s B. Erle conv 48 D, Erfe & Jersey FlaBEC6aTse.. Green B & W db B. Gr North zen 7s. Hocking Val 4%s Hud & Man ref Hud & Man a 6 T11 Cen 4s 53. Int Rap Tr 6s stpd. Int Rap Tran Tnt & G Nor 1st Tnt & G Nor ad Int Rys C A 6572 Take Shore 4s 31... 1 Lehigh Val 5s 2003. Louis & N unf 4s. Louis & Nash 5 Uouls & Nash 7s. Man Ry 1st 90. Man Ry 2d 4s 2013. Market St 78 40, M EIRy & L5s... M&StL1stre4s.. M&StLrfex5s MStP & SSM 6%n. MK&T4sB M K & T ad) 5 MK&TprinSsA. l7 MK&TEsC. Mo Pacific gen Mo Pao 5 196! Mo Pac 6s 4% D, Nassau E Ry 4567, 16 NOTex & M6sB.. 27 NOT&ME% 39 NYCrfim4%s13 21 NYCentribs ... 9 NYChI&SIL 6%sA. 3 NYChi&StL 5%sB. 2 . 12 1t New Havancd Ly 3 N Y State Ry 4%s. N Y W & Bos 4%s. Nor & S gen 55 54. . Norfolk & W cv 6 Nerthern Pac 3s. Northern Pac 4: Nor Pac 4%s 2047. Northern Pacr | 68 Ore & Calif 1st bs. Ore Short L rfs 4 Ore Wash 1st rf 4s. Pennsyl con 4%. 2 Pennsyl gen 4% PCC&StL5s B Port RL & P 6s 42. PorRL&P6s47.. Reading gen un. . Rio G W 1st 4 RIArk& L4 St P & KCShL 4%. StLS W 1st 4s. St L S W con és St P Un Dep 5. San A & Arn P Seab All Fla 6s. Sou Pac 48 28. Sou Paelfic clt 4 Sou racine rer 4 Southern Ry gen Sou Ry con 58 94. Sou Ry 68 66. .. Southern Ry 6% | Third Ave ref 4 Third Ave adj b: TolStL & W 4s. 1nion Pac 48 27. 101% 98% 100% 103% 134 99% 86% Wisconsin Cent ¢ 821, EXPRESS IN( COM'E GAINS. NEW YORK, September 1 ().— Net income of the American Railway Express Co. for the first five months of 1526 was $916,392, against $846,416 in the same period of 1925. Gross revenues gainied more than $2.000,000. STANDARD OII. DIVIDEND. LOUISVILLE, Ky. September 1 (®).—Directors of the Standard Ol Co. of Kentucky today declared the regular quarterly dividend of $1 a share, payable September 30 to stock jof record September 15. BUTTER IS I.OWER. CHICAGO, September 1 (P).—But- ter lower; réceipts 8,943 tubs; cream- ery extras, 413,a42; standards, 40%; extra firsts, 392a10%; firsts, 37a38ly; seconds, 33a36. NEW FINANCING $154,582,000. NEW YORK, September 1 (#).— New corporate financing in August is complled at §154,582,000 by the Journal of Commerce, in contrast to $269,139,- 700 in July and $278,280,400 in June. The total for August last year was $191,124 0500. New financing so far lhi! vear is still nearly $100,000,000 in excess of the same period of 1925, FINANC WHEAT IS UP SHARPLY ON WEATHER REPORTI Wet Harvest Conditions in Canada Lead to Advance—Corn and Oats Also Strong. By the Associaled Press. CHICAGO, September 1.— of wet harvest weather in Canada led to an early advance today in wheat prices here. At some Cana- dlan points heavy rains since yes- terday were still in progress. Open- ing at % off to 8 up wheat rose sharply all around. Corn and oats | were also strong, corn starting 3% to 13 higher and subsequently gaining a’ little more. Provisions tended downward. Unofficial crop estimates fssued to- day averaged 215,000,000 bushels as the total production of American Spring wheat this season. These figures regarding wheat proved to be about as expected, but estimates on corn and oats were moderately bull- ish, corn estimates not showing as much enlargement as had been looked for. Deliveries of wheat on September contracts in Chicago today amounted to 845,000 bushels. The deliveries were well taken and apparently had no effect in stopping the upward trend of values. Reports Decentber | ~.§g$m,' f groifie- SUUTH ATLANTIC STATES TRADE GOOD Credit Man’s Survey Shows Con- siderable Increase Over Record of Last Year. Special Dispatch to The Star. BALTIMORE, September 1.—That favorable business, credit and crop conditions prevail and that the volume of sales shows marked improvement since the first of the vear in the South Atlantic States are indicated by the monthly survey of the research de- partment of the National Association of Credit Men, prepared by George J. Clautice of Baltimore. director of the association and president of the Bal- timore Association of Credit Men. The survey is based upon reports from the principal manufacturers and whole- sale dealers in Georgia, the Carolinas, Tennessee, Virginia and Kentucky. “Of those reporting,” the survey says, “48 per cent found that sales in July were larger than in June. Sales in July, 1926, were better than in July, 1925, according to 68 per cent of the correspondents, while 73 per cent re- corded better sales for the first seven months of 1926 than for the corre- sponding period in 1925 “In collections 56 per cent reported that receipts in July exceeded those of June. Larger accounts receivable in August, 1926, than a year ago were recorded by 62 per cent. “No Increase in the number of fail- ures during the remainder of the year, as compared with the same period last year, is anticipated by 76 per cent of those who furnished the information. According to 79 per cent of the corre- spondents sales and collections during the remaining months of the year will be even better than they have been in the past few months. The general tone of the replies is favorable. A few, however, stated that installment sales were making collections in non-install- ment lines slightly difficult.” OYSTER TONGING BEGINS IN PARTS OF MARYLAND Race to Port With First Load to Be Staged Today—Dredging Not to Start Until November 1. Special Dispatch to The Star. BALTIMORE, September 1.—Oyster tonging started at midnight with the opening of the season Talbot County and all of Anne Arundel, Queen Anne, Somerset and Kent Countles, Today begins another race that is looked upon in Baltimore waters as an annual event of no mean impor- tance. The skippers will haul in their anchors and make all speed toward Baltimore to see load first. While the oyster season opens In some_counties today, it will not be in full blast until November 1. Until that time the crews of oyster boats will be permitted to use only tongs. Dredges cannot be called into play until November 1. The season in the other Maryland countles will open on_various dates between September 15 and October 1, in_accordance with the individual county laws. in parts Aof who can land his ILLINOIS CENTRAL ISSUE. NEW YORK, September 1 (#).— New offerings today were led by an is- sue of $35,000,000 Tilinois Central Rail- road Co. 40-year 4% per cent gold bonds, the largest raflroad financing this year, which Kuhn, Loeb & Co. bought subject to approval of the In- terstate Commerce Commission and are offering for subscription at 951 per cent accrued interest to yield 4. per cent to maturity in August, 1966. Proceeds of the sale will provide funds for construction of the Edgewood cut- off between Fulton, Ky. and Edge- wood, IIL, and other capital expendl- tures. — T EXPANSION IS PLANNED. NEW YORK, September 1 (#).— An_expansion- program by the Au- burn Automobile Co. includes a new plant_at Connersville, Ind., for the manufacture of six-cylindered cars The company. it is reported, also contemplates taking over the factory of the Lexington Motor Co. at Con- nersville, now in receivership. A new $50,000 storage plant is being built at Auburn. The company also will begin manufacturing taxicab: — e HIGH PRODUCTION B-ECORD NEW YORK, September 1 (#).—A new high record for production was established by Goodyear Tire and Rub. ber Co. in August, with an output of 1,060,000 tires and 1,950,000 tubes at the Akron plant, a gain of about 30 per cent over high figures earlier this vear. Record-breaking August sales and production also are reported by Goodrich, Firestone, Miller and other plants. ———— FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Rate—Maturity. Bid. +ips Nov. 1037 Closing.) A-kod ;nem LSRRI ey IAL. 'BANK OF BETHESDA | INNEW HOME SOON Gala Opening of $60,000 Building to Be Held on September 14. BY EDWARD C. STONE. Bethesda's handsome new bank. which will be one of the finest subur- ban structures of the kind to be found anywhere in the country, now is prac. tically completed, and plans are being made for a gala opening on September 14. The Bank of Bethesda has enjoyed remarkable growth in the six short ears of its existence and has played a very vital part in the development of Bethesda, Edgemeor, Bradiey Hills, Battery Park and other sections nort west of Washington. The bank's offl- cials have made a special feature of real estate financing. and it is esti- mated that through their efforts first trust money to the sum of about $2, 000,000 has been brought to that lo- cality. When the bank started loans on real estate were very difficult to negotiate, but the situation has now entirely changed. “We have felt that if the nearby residential sections grew rapidly, the bank's deposits would take care of themselves,” said S. Walter Bogley. the cashier, today. “That has prove to be true. The bank opened on De- cember 1, 1919, with $25,000 capital. It has been increased twice, first to $50,000 and now to $100,000. The present surplus and undivided profits are $43,000. The deposits when the bank opened were about $20,000, and they have grown until they now total $400,000. Values Advancing Rapidly. Mr. Bogley also called attention to the surprising advance in property values in the bank's territory. He says that business property in 1919 was valued at 15 cents to 20 cents per square foot, the same property now selling from $1.50 to §2.00 per square foot. Residential property, which formerly sold from 10 cents to 15 cents per square foot, now brings from 35 cents to 65 cents. In addition to its special interest in real estate financing the Bethesda Bank has backed many other civic movements, the latest being the re cent fire department drive. To boost this campalgn Walter R. Tuckerman, the president, donated a $3,000 Ilot. The bank maintains both savings and checking departments, and recently raised its interest rate to 4 per cent. The present officers are: ‘Walter R. Tuckerman, president: George P. Sacks, vice president; Fran- cis G. Wallace, secretary, and 8. Wal- ter Bogley, cashier. The board of di rectors includes: Edward P. Abbe, 1. W. Beall, Willam H. Broadhurst, E. E. Dellinger, Floyd E. Davis, Vernon M. Dorsey, Jed Gittings, James R. El- lis, Dr. Edwin H. Etz, Dr. F. E. Fa rington, Thomas Hampton, J. Freder- ick Imirie, Lewis Keiser, H. Latane Lewis, M. Willson Offutt, Millard E. Peake, Walter E. Perry, Charles S. Robb, E. C. Schroeder, Paul Sleman, Frank S. War, P. Peyton Whalen and Frank Wilson. Building to Cost $60,000. The new $60,000 bullding is con structed of local stone from quarries owned by W. E. Tuckerman and Mrs. Lillie C. Stone. Designed by Ward Brown, a Washington architect, and built by Charles E. Langley, it is modern in every way, has every con- venience for the conducting of bank- ing business, fine vault space and a burglar alarm. The walls have the new morine finish, in which the color- ing is sprayed on by a special method. Invitations to the opening are to be sent to leading bankers in nearby Maryland and Washington. The re- ception committee just named is made up of Willlam W. Bride, Oliver Owe: Kuhn, Maj. R. B. Lawrence an Charles S. Robb. On the day of the formal opening Mr. and Mrs. Tucker man are also to give a § o'clock luncheon to the officlals of the bank: with which the Bank of Bethesda h: especially close relations. The offi clals’ wives are also to be included. Local Market Is Strong. Capital Traction stock sold at 105 in a strong market on the local exchange today. Potomac Electric Power pre- ferred was active and strong. ope: ing at 107% and advancing to 1078 at the close. Railway and Electric pre ferred sold to the extent of 35 shares at 90. Another five shares of RIggs National Bank stock sold at 455 and 10 shares of Lanston _Monotype changed hands at 90. Merchants® Transfer and Storage preferred open- ed on a 20-share sale at 100% and closed on a similar sale at 101. Bonds were also more active today. Capital Tractlon 58 came out at 100%, Potomac Electric Consolidated 58 sold at 100% and Washington Gas 6s re- corded one sale at 1045 and smaller transactions at 102%. Washington Railway and Electric 4s registered 8212. One transfer of Georgetown Gas 5s was made at 98% and the market closed with two sales in Wash- ington, Alexandria and Mount Vernon 5s certificates at 7. ‘ May Open Panama Branch. Establishment of a branch of the Acacla Mutual Life Association of Washington in Panama may be the result of an extended trip upon which William Montgomery, president, is leaving today. President Montgomery will continue up to the Pacific Coast on an inspection tour of already estab- lished agencles at Los Angeles, San Diego, San Francisco, Oakland and Vancouver. At each of these places tfiha assoclation has growing branch of- ces. ‘“We have been asked to open an of- fice at Panama. It has been repre- sented to us that there exists in Pan- ama an exceptionally broad fleld far the particular type of service which our organization renders,” Mr. Mont- gomery said. “If I find conditions up to expectations, we shall, in all prob- ability, establish another: branch.” The trip of President Montgomery serves to focus attention upon a Washington organization which is a leader in {ts field. Bank President Returns Home. President Edward J. Sellwagen of the Union Trust Co. returned to his desk today after passing the Summer at the Poland Spring House in Maine. Mr. Stellwagen Is the dean of the guests at that well known resort. Having first visited the place when a very young man he has continued to pass his vacations there until he has been a regular visitor for 40 Sum- mer seasons. Mr. Vose, president of the Boston piano concern of that name, is his nearest rival as a long- time guest at Poland Springs. President Robert V. Fleming of the Tiggs National Rank is passing a few days at Ocean Grove, N. . Owing to business Interruptions, Mr. Fleming has had no extended vacation this Summer, but is planning to take some more rest during the present month. Other Personal Notes. Charles E. Howe, cashier of the American Security & Trust Co., was back on the job today after a month's vacation spent in Pennsylvania. Other bank officials said today that it was the first time in 25 years they could remember when Mr. lHowe had been away that length of time with- out coming back to the bank once or twice. Frank P. Morse, manager of W. & J. Seligman & Co., has gone te New York on bu: s