Evening Star Newspaper, June 10, 1927, Page 11

sgmEanEw.en xvé PEBAMPRASGLER IS ¢ lar bonds purchased last year. . Cattle, . mates second quarter earnings at £ ing prices for crude petroleum and its | Associated Oll 6. - products. FINANCIAL. o TRAI]lNG 1S LIGHT Sales, Hizh. Low. Lib3%s... 49 Lib1-24%s 2 Libist4%a 8 Lib2d 4%s. 265 Lib3d 4%s. 31 Lib 4th 414- Close 10029 100 29 100 28 10217 10217 102 17 Numerous New Issues Draw Interest of Traders—Best Rails Are Heavy. : 100 14 100 12 100 14— 100 29 100 28 109 29 41 103 27 103 27 US4sides, 2 108 20 108 20 FOREIGN. Sales. B Argentine 6s Ju 59. 11 Argentine 63 Oct59. 16 Argentine 6s A 4 Argentine 6s B 2 Australian §s. Austria 7s. l‘hnkofchllefi’bs. Belgium 6s. Belgium 6% 99% 100 99 100 99 BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, June 10.—There was very little change in the general fea- | tures of the bond market today. Trans- | actions were smaller than they have | been, with interest centered on the | Belgium7s, A i offered, | Belgium Tsct. numerous new issues being offered. | gty which in the aggregate represent one | Belgium 8s.. of the largest totals of the year. Bolivia 8s Liquidation was again evident in|D some of the high-grade which | 801d off fractionally, and profit taking occurred in several of the convertible rails, in line with the weakness in road stocks. Thse declines ranged from halt 1o 1% points. The general average of the domesti bond list today was 1% points below that of a month ago, When the high Jevel of the year was reached. In| this time the largest declines have | occurred in the best quality of bonds. Baltimore & Ohio New Issue. The Baltimore & Ohio new common stock issue will be issued «in patt to i s, due July lled on 60 4, which means that redemption will ur on uary 1, 1928, The bonds are prineipally by Reading Co. stock. oId toduy at 1033, the high ) . With the demand comin; those who desire the very grade short term paper. Considerable weakness was hibited in some of the popular in- dustrials, Steady selling of U. S. Rubber 5s carried them off % of a point, representing a decline of about 5 points in the past month. The packing house group, including Ar- mour 538 and Morris & Co. 41z8, lost I3 to %. Quite active trading occur- red in Dodge s around 90%. Brook Iyn Union Gas and International Tele- Pphone 51%s lost fractionally. New York Traction Off. While local tractions were quiet and heavy, with Hudson & Manhattan refundings 5s off nearly 2 points from the high of the year, there was an im- provement in both Chicago Railway 68 and Market Street of San Fran- cisco 7 The Government list was dull. Tt is estimated that about $1,000,000,000 of the second 4%s may be held by their owners until maturity, on No- vember 15. Exchanges into the new 33s are being made slowly. No new features developed in the | Peruss.. foreign department of the market.|Poland 6s40. Ttalian descriptions were heavy, with | Poland 8s.. City of Milan 6138 at a new low price, | Queensland 6s and Poland 8s at the lowest on this | Queensiand 7s decline. French and Belgian issues| Rhinelbe Un 7s were steady. It is understood that|Ri0deJan8s1946 there has been some reselling by Ger- many to this country of German dol- 100 8 93% 93 97 93 20" 1047 10 32 103% 101 103 20 113% 113 1131 4 104% 104 6 98 97% 16 924 01% 9 955 95 106 10 25 100% 106 11 102 ) 100 15 10 1108 2 op 2 102% 104 rails, Brazil Ts % 105 1061 1017 14 100 01 Canada 5 Can, Chile 7= 1943 851941, Chile 831946, Chinese Gov Ry 5s. Christiania 6s Con Pow J 108 2514 1 108 26 6 100% 100% 3102 102 102 . 13 105% 105 1054 11~ 1 v 1 110% 110% 110% 1 105% 105'% 105% 2 101% 101% 101 10 102% 102% 10: 5 102% 1025 10 1 94y 0% 2 100% 100% 100% . 51031 103 1034 40 10455 10415 104% Danish Munic 8s B. Denmark 6s DEI Dutch Jast I 6= 6! Finland s £ 6s 45 Finland 7s Frameric French 7s, Freneh 714s. French 85, ..c.... German El P §%s. . 96 96! German 7s..... 5 1062 106 106y German AgrBnk s 8 1024 102 102% Halti €s....... 2100 100 100 Hungary 718 3 102% 10214 102% Italy 7s... 9L 95% 95 9 Italy Pub 7s L6095 9% 95 Japanese 4s. 2 90 90 90 Japanese 614 31 99% 99 ' 99 Jergens UM 6s 47.. 9 109% 109% 109 Lyon 6s.... 3 93 97%- 9T% Marseille 6: 1 98 93 98 Mexico 4s 04 asntd. Mexico 4s 10.asntd. Mexico 5s asntd. ... Montevideo 78..... 2. Netherlands s 54.. Netherlands 6s 72.. Nord 63%s. Norway 5%s. Norway 6 1943, Norway 63 1944, Norway 6s 1952 Orient Dev deb 6s. Paris-Ly-Med 6s. Paris-Ly-Med 7s. Paris Orleans 7s. Peru T¥%s n7%s. of the s from highest 110t 110% ex- 100 W 10215 1024 103 103 4% 94t T 100% 100% 100% 14 101% 101% 101 8 104 104 104 4 82% 4 4 113% 113% 113 14 116 115% 116 2 105 105 105 9 104% 1047 10 82 90% 89% 8! 1112 112 8 105% 105 10 106 105% 105% 9 101% 101% 101% Sao Paulo 85 1936 Sao Paulo 1950. Saxon (PW) 7s. Seine 7s 42.. Serbs Crot Slo 8 Soissons 6s. Sweden 5348 Sweden 6. . Swiss 5%8 1946, Swiss Confed 88 Markets at a Glance % 100% 10 . 95% 6 1047 104% 104% 1 104% 101% 104% 6 105% 105% 10 1113 113 113 Toho Elec Pow 7s.. 29 96% 96% 9615 Utd Kingm 5%s 29, 6 118% 118' 118} Utd Kingm 5%s 37. 13 105 104% 105 Yokohama 6s...... 29 93% 93% 93% MISCELLANEOUS. Ajax Rubber8s.... 4 106% 106% 106% Am AgriChem 732 9°100% 100% 100% AmSmit&R1st5s 9 101% 10i% 101% Am Smlt & R 6: 10 107% 107% 107% Am :ug.!;r‘etflg 9 105 104% 104% Am cltrds.. 83 99% 99 99% MARLAND OPERATIONS. AmT & Tcltrbs.. 36 104% 104 104% NEW YORK, June 10 (P).—In a let-| Am T & T st 20 102% 102% 102% ter to bankers in connection with the | Am T & T deb5%s. 8 106% 106% 106! offering of $30,000,000 Marland Oil Co. | Am Water Wks5s. 7 99% 99% 99 bonds, E. W. Marland, president, esti-| Am Writing Pap 6s 97 88 87 87 Anaconda 1st 6s... 31 104 103% 104 $3,000,000 before interest reserves and | Anacondacv db 7s. 17 108% 108% 1081 taxes. These items he estimated at|AndesCop deb 7s43 50 104} 104 104% about $5,000,000. The current showing | Armour&Co 415539 30 90 90 90 of income, he said, was due to prevail- | Armour Del 5%s... 43 894 88% 88% 3 102% 102% 102% 6 100% 100% 100% 14 99% 99% 99% 3 104% 104% 104% 3 105'4 105% 105% 3 100% 100 100% 25 100% 100'% 100% 28 103 102% 103 3 104% 104% 104% 3 105% 104% 105% 30 197 196'% 197 1 102% 102% 102% 4 103% 103'% 103% 3 81% 8ll4 8l% T 106% 106 106% 1102% 1 102% 11 100 100 100 4 108% 108 108% 8 70 170 70 1 102% 102% 102% 1108 108 108 57 90% 90 90 1107 107 107 6 105% 105% 105% 4 109% 109% 109% 1317 ‘117 11 2 107% 107% 107% 4 110% 110% 110% 21 120% 120% 120% 4 102% 102% 102% 2 100 100% 100% 8 102% 102' 102% G 104% 104% 104% 2 98% 98% 9Bl 5 100 100 100 1 97% 97% 97% 7 98% 9 984 14 102 101% 101% 82 116% 115% 116 105% 105% 105% 2 105% 105% 105% 1101% 101% 101% 2 121% 121% 121% 2 115% 115% 115% 9 104% 104 104% 2104 104 104 16 99 98% 99 16 102% 102'% 102% 21 84% 84 84 1 104% 104% 104% 6 104% 101 104 3 115% 115% 1154 20 94 3% 94 32 99% 99% 99% 4108 108 108 NYTel6s49.00000 1110 110 110 Nor OhioT & L 6s., 5 974 97 97 Nor States Pow 5s. 15 101% 101 101% Nor States Pow 6s. 5 105%a 1055 105 Pac Gas & El 5s. 6 100% 100% 100% PacT&T 1st58... 2 102 102 102 Pan-Amer Pete 6s.. 1 103% 103% 103% Pan-Amer Pete 7s.. 2 106'% 105 Peoples Gas58..em 7 1020 PhilaCob%s38..e PhilaCorf6s A. Phila & Rd C & 15 Plerce-Arrow 83... Public Service 63.. P Serv Gas 58 64. Punta Alegre 75... Remington Arms 62 sinclair Oil 6s Sinclair Oil 6128, . Sinclair Ol 7s. Sin Crude O1l 6s. Sin Plpe Line 5s. Southwest Bell § Standard Oil N J 58 Sug East Orient 7s. Tenn Elec Pow 6s. Toledo Edn 1st Ts. United Drug 6s. | US Rub1strtbs.. U S Rub 7%s U S Steel sf 58, Utah Pow & Lt 5., Vertientes Sug 7s. Warner Sug 7s 89, Warner Sug 7s 41, West Elec 5s. NEW YORK (®).—Stocks, steady, General Motors and American Can touched new peak. Bonds, irregular, Baltimore & Ohio 6s at new high. Foreign exchanges, mixed; Spanish pesetas rise. Cotton, higher, drouth Texas. Sugar, steady; pre-holiday covering. Coffee, ea trade selling. CHICAGO (®).— Wheat, barely steady; good harvesting weather. Corn, weak; large country offerings. irregular. Hogs, higher; lighter receipts. Atlantic Refin §s. Barnsdall 6s 1940, COTTON GOODS ACTIVE. R NEW YORK, June 10 (Special).— | Beth Steel p m b Cotton goods markets were active to- | Beth Steel 5%4s 53 day at unchanged prices. Print cloths | Beth Steel 6s... were quoted at 714 for 64x60’s and at | Brier H St 1st 5% 81 for 68x72’s. Raw silks were steady | Bklyn Ed gen 6s. in a quiet market. Bklyn Union 5%s. D — Bush T Bldg 58 60. POTATO MARKET WEAK. Central Leather 6s Con Coal Md 1st & CHICAGO, June 10 UP).—Potatoes— | Con Gas N Y 5%s. . Receipts, new, 17 cars; old, 18 cars; | Consumers Pow § on track, new 68 cars; old, 111 cars; | Cuba Cane cv £3. i-total United States shipments, new, | Cuban Am Sug 8s. 650 cars; old, 75 cars; Canada, 18 cars; | Dery (D G) T “mew stock, trading only fair, market | Det Edison 55 40. Weak: _ Louisiana sacked, Bliss, | Det Edison ref 65 Triumphs, 5.00a5.75, according to| Dodge6s..... quality and condition; Texas, Alabama, . Okiahoma, sacked, Irish _Cobblers | pest CUP% SuE 148 £ ordinary quality, 4.00a5.00; North and | poreGe 7 73s, " Sauth, barrel, Irish Cobblers, 7.00a8.75; | Fiek Rubber 85 ol stock trading only falr; market | Goodrich 638 £ @ull;_ Wisconsin, Minnesota, sacked, | Goodyear 84193 " round whites, 3.50a3 it e = AT OO Hershey 515s. EXTRA DIVIDEND. Hoe & Co 6% HumbleO & R5%s NEW YORK, June 10 (#).—The |1Illinois Bell 1st 5s.. Torrington Co. of Maine declared an | Illinois Steel 43%s. extra dividend of $1.25 a share today | Int Mer Marine 6S.. in addition to the regular quarterly of | Int Paper 5s 47. 75 cents, both payable July 1 to stock | Inter Paper cv 65 of record June 17. Inter Paper £d 6s. — IntT&T5%e... 0 Kan CP&L bs A 52, CALL MONEY STEADY. Kelly-Spring 8s NEW YORK, June 10 (#).—Call|LaclG ret34. money steady; high, 4%; low, 4; ruling | Liggett & Myers 7s rate, 41;; closing bid, 4; time loans ' firm; mixed collateral, 60-90 davs, 4% Lorillard (P) 7s.... ; Manatt Sug sf T%8. and 434; 46 months, 4%; prime me cantile paper, 4 and 43 Mid-Con 6343 40. V. 8. STEEL ORDERS. Midvale Steel 58,44 Montana Pow 5s... NEW YORK, June 10 (#).-—1" nmlad | orders of the United States Mor’s & Co 1st 4%s ! Corporation on May 31 totaled 3,0 Nat Tube 15t 5S. . ea N Y Edison 58 44... tons, against 3,436,132 on April 30, a @ecrease of 405,191 tons. N Y Edison 6%s. NYGELH&P 4s. N Y Tel 4%s. N Y Tel 6s 41, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Am. Tel. & Tel. Co. 4 e 5 1084 1 101% 101% 101 3 9910 99 99 6 106'4 106% 106% 1 105% 105% 105% 9 108 108 108 8 Y% 9 9 1 99% 9 12 96% 96 6 100 i 7100 100 100 5 934 934 3 104% 104% 104% 9 1024 102 102% 1 99% 99% 99% 48 106% 106% 106% 11 108'5 108 108% 5 1073% 107% 107% 34 911 901 22 1054 105% 105% 1005y 1040w 100 1004 10014 100 4 " 1001 46 10027 T 96 . 297% Qregon She Pure Ou '61an 1933 ... Sinclair €Ol P. C. 6s 1038 Sou. Pac. R_R_Co. 45 1930 S1d. Oil of N Y. 815% 197 §td; Oil of N, J. 5 1946 Switt & Co Tmon Ol of a Tnion Pac R R ( Ynited 1. & F. 0 Rither 18 Wit Cor 5 Wheelius stech ( TRFASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) - ——Noou.; 5 98% 98% 55 100% 100 1 98 93 6 106 98% 100% Maturity, e 15. 192 * Sept. 15, 19 s Dec. 15.'102 VA 9914 984 98% 3 103% 103% 103% § i 8, 101% 100% 100% “ mu. 100 107% 10715 90'% 72 107% 107% 107% 97% | Can Nat 4% 54 941y 14 1125 1125 112% | | Chi Union Sta 5s 44 THE EVEN. l »ON NEW YORK BONDS STOCK EXCHANGE I - Received by Private Wire Direct to The Star Office. Sales. High. Low. Close. 84 120 117% 120 1 102% 102' 102% . 15 99% 99 991 Winchester A 712 2 106 106 106 Youngstn S&T 6s.. 10 104% 104% 10414 RAILROAD. Atchison gen 4s... 11 97% Atchison adj4s.... 1 89% Atlantic C L 1st 45, 96'% Atl & Dan 1st 45 48 8114 Atl & Dan 2d 4s 48. B & O Gold 4 White Sew Mch 6 Fillys-Ov 6128 Wilson & Co 1st 6 516 951 1 1 1 106% 59 10315 103 1074 110% 110% 107% 1031 [0"! s. nmn b 5860, R & O Toledo 45. .. Brdwy & Tth Av 58 Bk!yn Manhat 6s.. 48 6 109% 109% 1093 | BUT R& Pitt 4148, 15 9T Can Nat 4% 99% 99 981, 4 o nad North 7s. nad Pac deb 45 n Pac 4% q 10813 mw 1081 o 103 1665 100% 1901 98 98 98 954 931h 61 64 98 n 8714 KT 2! 72 61% 8% ntral Pacific 4. Cent Pae 1st s 90, Ches&Ocv4s. Ches & O gn 4155.. ChesaCorp 55 wi. Chi & Alton 3148, CB&Q41:s77B., Chl& E Tl gn6s51 14 Chi Gt West 45 59., 25 CM&StP deb 4s cfs 20 CM&StPgn8d... b M&SPevilgsizefs t CAl 61% 61% 61 Al 92 98'h 98Y 2 108% 108 Bty .u:hlust 7 Weends... 5 Chi NW 1 18 CRIENW 455 1987, | Chi Rys fs.., ChIRT &P gn ds., Chi R 1& Prf 4s, ChiTI&SE hi T IT fnc 6s 60. .. Chl Un Sta 415 9814 10% 1102 Chi & W Ind cn 4s., 10 8% C&WI515562.... 2 1044 10415 104% CCC&StL5s..... 11 103!% 103% 103% CCC&StLrf6sA. 10 102% 102% 1 Clev Term 5s 4 10413 104'4 10414 Clev Term 51s. 3109 108% 109 Colo & Sou 4%4S.... 1 97% 97% 97% Cuba R R 7%s.. 1 109% 109'« 109's Cuba Nor 6s 66 1 104% 1047 1047 Del & Hud Istrf4ds 25 94% 94i§4 94% Del & Hudcv6s35. 4 148 148 148 Del & Hud 7s 30. 2 1067% 105% 106% Den & Rio G cn 4; 20 91 91 D&RioGimpbs.. 5 99% 997% D Rio G West 5s.., 13 874 &7l Erie 1st cons 4s. £413 Bllg Erie gen 4s. Erie conv 4s A, 88 Eriecvt 5s 67 wi... 44 94'4 941 FlaBC5S 74,0000 17 96% 96 Gr Trunk stdb 6s. . Grand Trunk 7s. Gt Nor 4%5s 76 D. Great North 5%85.. Gr Nor gen 7s Hav El Ry 55 52... Hocking Val 448, Hnud & Man ref 5s.. Hud & Man aj 5: T11 Cent 4% s 66 111 Central 5%s IC-CStLjt4 111-C-C StL&NO §5s. Int Rapid Tran 5: Int Rap Tr 5s stpd. Int Rap Tran 7s. Int Gt Nor 5s 1956., Int & G Nor ad 6s.. Int RysCA5s72.. Int RysC Am 6s 41 Towa Cent rf 4s Kan City Ft S 4s. Kansas City 8 5s. Lake Shore 4s 28 Lake Shore 45 31... Leh Valen 4%;s 03, Man Ry 18t 90....0 Market St 7s 40.... 9414 96 6 107% 107% 107% 1 115% 11 12 97 1109 109 109 6 114% 114% 114% 1 97 97 4 103% 103% 103% 3 99% 99% 99 17- 90% 90 90 23 9T%h 9TH 97w 5 101 100% 100% 974 105% M TT% % TT% 9% ¢ 994 994 9515 80 81 91% 94% 18% 18% 99% 99% 98% 983 o . 72% 99% { Mo Pac 5s i Tex & Pac 58 77 rts Mil El Ry & L 55 61 M St P& SSMcn 4s M St P & SSM 6%s. MStP&SSM6%s MK&T Ist4s.. 100% 99'% 99'6 88Y% 88% 8T% 8T% 104'% 104% 1034 103% 102% 103 6% T6% 99's 99% 9814 981 107% 107'% 60 60 88% 88Y% 105% 105% 83 83 97 97 100% 100% 106% 106% 107% 107% 98l 934 1057 105% 105°4 106 102% 102% 72 T2 22% 22% 82 84 564 56% 3% 3% 8l% 82 95% 9574 67 67'a 93% 93% 106 106 113% 113% 99% 99% 99% 99% 90'% 90% 107'% 107% 100% 100% 103% 103% 112' 112% 106% 106% 90% 90% 104'% 104'5 108% 108% 99% 99 5 92 865 96 98Y, 94% ' 864 100% 100% 11 89% 2 8% 4 104% 18 103% 2103 8 6% 1 99% 69 98% 3 107% 7 60 3 834 6 105% 1 83 18 97% 10 100% 13 106% 107% 9814 105% 106 103 72 23 84 Mo Pacific gen 4s.. 5 Mo Pac 58 77 rets. . Mo Pac 6s49 D.... Nassau E Ry 48 57. New Or Term 4i NOT&M5%s. N YCengen3l N Y Cent deb 4s. NYCrfim4%s1s N Y Centri5 N Y Cent deb 6s. NYC&StLdb 4s.. NYChi&StL 5%sA. NYChi&StL 63%sB, NYC&StLésA.. New Hav deb 4s 57. @O g NYRys6sA65... VY State Ry 434s. yStateRy 6145 62 N Y W & Bos 4% Norfolk & W cn 4s. Nor Pac 3s 2047, Northern Pac 4s. .. Northern Pac 53 D. Northern Pacr 1 68 Ore & Calif 1st 5s.. Ore Short L rfs 48. Ore Wash 1st 4 Pennsyl gen 58.... Pennsyl gen 4% 8., Pennsyl 53 64, Pennsyl 6%;s. Pennsyl gold 7 Peo & E 1st 45 40 Pere Marq 1st s PCC&StL 53 B 75.. Reading gen 43%s.. Reading J C 48 51.. Rio G W 1st 4s. Rio G West cl 4s RIATk & L4%s. St L IM&S 48 29, St L IM&S R&G StL&SF pl4sA.. 68 StL &S F prln bs. StL&SF5%sD. 25 102% 102% 1023 St L &S F adj 6s. 13 100% 100% 100% StL &S F inc 6s. 23 9% 9T% 974 StL&SFpl6sC.. 2 101% 101'4 101'4 San A& ArnP4s.. 24 90% 90% Seaboard A L 4s sts 8114 80% Seab A Liref 4s 0% 70% Seab A L ad] bs. 84% 82 Seab A L con 6s. 95% 95% SBAIl Fla 6s35A 95% 9aVA SB All Fla 68 35B.. 95% Sou Pac 4s 29.. 99's Sou Pacific clt 48.. §1% Sou Pacific ref 45.. Sou Ry gen 4 Sou Ry Con 5 Sou Ry 65 56. . Southern Ry 6% TexArk FS 5550, 12 Texas & Pacific 1st 5 e 0 0TS 1000 e 03 O 15 e b 50 100 95 92 86% 96 98% 94% 86% 5 100% 107% 99, 96 94% 105 100% 103% 99% 1044 Union Pac 1st 48 Unlon Pac 1st rf 48 Virginia Ry 1st 68, Va Ry & P 58 Wabash 1st 5 Wabash 5376 B. Wabash 533 76, West Maryland 4s. 10 B2)4 821 821 Western Pacific 58, 2 99% 99% 99% s 5 WOOL PRICES FIRM. ROSTON, June 10 (Special).—Medium grade wools are in good demand in The Boston wool market. Growers are holding prices firm in the West and foreign markets are firm. Fine territory was quoted here today at 1.05a1.10 clean basis, French combing at 1.00a1.05, half blood at 95a1.00, threeelghths blood at 85390 and quar- ter blogd at 7%a80. Ohio grade fleeces were Quoted at 43ai3l; grease basis Westipghouse 5.« 27 102'}: 102% 102m- B sk, for fine delaine, with half blood at hree-eighths blood at 41a42 and quarter blood at 41, Pulled wools were quoted as follows: Double A, 1.05a1.10; fine A supers, 1.00al. a95: B super, 80a85; $0av0; € super, 7ll‘ o e e NG STAR. WASHTNGTONX. ’ D. C. ‘FRIDAY, JUNE '10, 1927. FINANCIAL " b3 TREND DOWNWARD ON CURB MARKET Dunhill Outstanding Feature, Rising Spectacularly in | Sales in Today’s Trading. BY WILLIAM F. HEFF pecial Dispateh to The Star. W YORK, June 10.—The general | | price trend was downward today on the Curb Exchange. In view of the approaching two-and-one-half-day sus- pension of business because of the Lindbergh holiday, the speculative ele- | ment evened up accounis. This nat- | urally brought out a good deal of| selling for the purpose of taking down | brofits. Jut the outstanding incident again occurred on the side of advance. It came in the form of a spect 3 overnight rise of more than in Dunhill International. P the entire market fo cleared of offerings when 6.000 changed hands in _one bloc Directors are scheduled to meect dividend action June and accord ing to those close in touch with the directorate, dividends will he inanzu- rated at the rate of $4 annually. Con- trol of the company lies with D. A. Schuite, and much of today's buyving was admittedly for the account of out- siders Fquitable Office Building, fn which the floating supply has been consider- ably reduced, went forward to another new high record. But while these is- sues were feeling the effect of con- | centrated buying, heavy selling was | in progress in the public utilities, seve eral of the oils and numerous other industrial specialties. Electrio Bond & Shares lost a point at one time; Amer- ican Super Power issues were readily upplied whenever bids made their appearance, and American Gas & Elec- tric, at 8614, compared with the previ- ous closing of 891;. Of course, the 3-point decline took into consideration the 25-cent cash and 2 per cent stock dividends deducted from the price today. Pittsburgh & Lake Erie lost more than 2 points. Central Aguirre Sugar seemed to have discounted the decla- ration of an extra $1 dividend and was down more than a point at 108. The point decline on Thursday in Ameri- can Manufacturing was retraced, but the buying reported for the m the covering in of short contracts Prairie Pipe Line, Prairie Oil & Gas and Vacuum reached lower levels, and there was a decline of a point in Ili- nois Pipe Line at 146, One of the outstanding weak spots was Goodyear Tire common, which evidently was af-. fected by the demoralized condition of the rubber market. Washington Stock Exchange SALES. “'1-')\"!'0“ Gas 6= $500 at 1031, RO (TR TR Tt T RS an 01%., 10 N1 %%, at' 101 %. 10 at T01'%. R hington Rwy. & Electrie pfd.—11 at American Security & Trust Co Continental Trist Co 10 ot 1105, 100 Mergenthaler Linotype—10 at 111 Potomac Electric pfd. 6x—4 at 10814, 1 at 108% c JeL ot Va. Bo_-8500 at 1812 —9 at 1047 at 31,000 at 100% ) at 1001 ERNAN. noints mital Y mac AFTER CALL. Potomac Electric nfd. bljs Rwy. & E P tial Tnction 581,500 $2.000 at 1015, $500 at 101% Notice—This_exch clor i raotice—This exchange will be closed until LISTED DEPARTMENT. Deoartment Bank—20 at f. North Capital Savings Ban Money: and 6 per cent. at Amer. Tel. & Telea. 4 Amer. Tel. & Telga. Am. Tel. & Tel. ctl 3 & Pot. R. R. Ann & Bot: guar. Bu. .. > & P. Teiephone € & P Tel. of Va. Capital’ Traction K. R. City & Suburban 5 Georgetown Gas 1 Potomac Potomac Waah Alex: £ 3 Wash. Balt! & Ani Washington Gag Wash: Wash Wash. Gas 6x. Se Rwy. & Fled Rwy, & Elec, Barber & Ross. Stock Land 1 de 648, .. Wash. Market 5e 1948 Wardman Park “Hotel 5%4. STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga........ 166% Capital Traction 1 “d!l\lll:llm a he Potommae Elcenfd Fotoms it Rw R 5 Was Wash, National Canital. Columbia__.', m hants' Bank. onal, Savings ion Trust b 5 Wash. Loan- & Trist. Bank of Betheada. . Commerce & Sa East Washington,. P, W I!hlnllan Mech FIRE INSU TITLE Columbia Title . Real” Estate Tiflo ‘ommercia foramercial S Federal Storage i, Federal-American Monoty inte: Trans. & « Washington M Wash. Mech, Mix Wondward & Lotbrop SEX dyildend. Unlisted Department. (Theso sscuritien aro not listed under anke rules.) BONDS, Army and Navy Club bs Cosmos Club 41as.... City Club 78. .. Metropolitan Cib STOCKS, bid. Asked. Anacostia Bank Chapin-Sacks Chapin-Sacks Chapin-Sacks le I ational Banld Mitter Beats Eomtrol Munsey Trust Co. . ith Capitol ‘iu\mw Hak. Northeast Savings liank Vings Bank gy i ko 'r.u» s, 60 mngion Bawe Bali g NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is the list of bonds and Mez+ 1100 stecks traded in on the New York i s Curb Market tods hundreds, 10 Imp 0 “of Can i J0 Inter Fot € L 7 Alb Pick B vte. . oil 25 Alb Pick B A pid Y Alum_ M (g Arch G mBBEF, . Am B B E F vie snamid pid os% i 10 W0 South Penn 0 i+ 30008 0 Ind T00S O Kve 1005 0 Ohio 100 Swan & upepOw a6 Am Stiperpow B L Am Syperp pt pid & F Alum. jen Co il Corp il Corp B0 2 Brillo Mix i Am T G0 Isn Gty R 1 Go At 1% i 1 1 e S 1 RN ilis Co pt 80 Gulf 0 Gulf St UL 5 ol Rub Rab Mechi o Press Acro Pl 1 i B & Sh pid B & Shon Cor Invest Inc.. P& 1 op war 12 M 10M T, *e g Co at D Prod 6 P&l Richfld ervel Del ( chilte R 1 Schulte 10 2 Hapniness ¢ Hartford Horn & # Indust Ra # Insur Co Intl Cigar Intern Util 2 Intern_Util B. .., Johne-Manv pf. wneer & Co ndover Hol CA Oil Prod 8s Rub 615 Rub 1] Rub S Rub Rub 6 S Rub Rub S Rub Rl Rub S Rub Rub S Sm 10014 10014 1005 100 100+ 10014 1003, 1001 10015 10015 101 100 100 « Lib Owens Sh' Gi1 10014 I ISl Lt pf. . 14 Nad sa i Vic, 1 t FOREIG in thousands. Ser LAx M Bk 7a 46 imer Br_pf. avia P v RR Co pf1l Sheparg 24 0 Pow A Northe Pow Pub Se P Sv A & Eou st St Toiler.. .. 3 ) Ko Bohem Wkx 7s 94 Pr St Prus 8148 97 Cons Mun 18 1005 Gs ww 10115 o Mg NH‘\I':” ¢ Lamb € o . N MES T8 411031 LR ts e . a4y a4 d &S T %S P oL oppral0m 100 Mo WESenh W 4 Pullman Co 0’ wi 10 Mor Bk Dok 6110 3 Pyrene Mix 3 : Reo Mot 53 Rep M Tr Rolls “Roxee al Roval ~Balg Rov Bale Pow 1 ifridge P St [ x. Pittsh i Pratt ou Wales 58 in Hugo 7 in Hugo 7 iss Govt 5 1 Thyssen Tr&S 7s 101 2 Trond 53« 757 "wi 4Tni El'Serv 73 A 08 Un E Ser 78 A ww 91% dividend. E B f L cal ; tal ot gt i Bow iz Mot . - DIVIDENDS. Pe- Pay. Rate. riod. abie $1 able. July July Com A FoRBY: e Do 7 Bf. . Aluminum Co’ of pt. . . 1% % Q July 3% Q Juy \?\""M. A .$2.00 Q July Thea Cire 2 ecult A .- nit B ! ot miy .t &'I" n A Pt Shar n L June 17 June 20 Tune Tune Juue 18 June 20 0 50 19% my llll‘ RY 14% une 10 une 10 June 10 Iy 3 July June 20 Tune 20 June 16 June 20 June 30 est D st Auto Sup 1t % West Pow pfd B White SM_deh rts 4 Yel Taxi C NY i Salesin MiINING n Explora . aglo” Chil € 50 f,'A"'- i ; July 13 July July June 15 June 20 July 29 50 9% AEad JNNTR ! Mobile & Ohig it 3 Natl Dairy. Prod ucts. Tnexw (i Do nt'A ... Do pt B Natl Elec Py pf.. New Enog Pow Assn e len fecla Min June 2 Tune Tune June July July Jnly 0 June 30 June 18 21 Ohio Cop 60 Prrmac ]‘uv‘ N 5 Premier Gold M. 180 Am Gold & P ) Spearhead Gold ile Tead Hughes. \ Verde Ext! ¢ Gold June 24 June 24 July 1 July July July Ot Oserman Cushion Tire A......50 Do'B Do vt § e vf 1, o STOC o P Ol July ] Q Q g . Q July 1 Junels June 20 June 15 June 15 June 15 June 13 00 «e dune 3 Do 1 Schulze Bak Do cony. p Southern Ry Do f wa R o Waeer Bros Do 1 Pl o Synd... < ol . ent Peto 3 Leonard OIl 1Lo Star G n Del 9 Magdal Synd.. .. 31 Mexico Ohio. 5 Mount Prod 7 Mount Guis w Bradford | 56 New hex Land 0N v Oil. 0 Pandem Oi1 13 oo ESS SRR e Skt i SRS, BUTTER IS STEADY. NEW YORK, June 10 (#). —Steady; receipts, 15,706. Creamery, extras (92 score), 42%3; creamery, firsts (88 to 91 scove), 38izadll;. ;: receipts, ceipts, 235, : Bilk, lh\lu, flclh. Xam) " STANDARD OIL, 1SSUES. 200 An A O e o X1 8% State, whol =ty 23, s <y 150 -Borne ScEyml Do, . WHEAT PRICES SURGE \ 10014 10014 | 4815 June 57 | tock Market Will Close Monday. “Lindbergh Day’ Associated YORK, June 10.— ¢ nors of the Stock Exchange have the exchange all day n_with the recep- of Col. Charles resolution the board sald “Whereas, in confection with the arrival Col. Charles A. Lind- hergh in this city on Monday next, t of troops incident to the (remendous « which will be as- ancial district to nsferring and de- ties will be su considerable diffi- be it resolved that k Stock Exchange re. on Monday, June 13.’ sk Curb Market also il day Mond York Cotton it noon. COTTON ADVANCES TONEW HIGH MARK Peak Ground for Movement| Reached by Staple on Weather News. By the . voted Mon- ard rork to close day in conn tion by the ci Lindbergh adopted by | By the Associated Press NEW YORK, | market showed 1 ve Jun The cotte n t the openin at Al sembled in sing activ veet him vance of 12 active rst prices were firm at an to 19 poin rounded enlty and the N main The N voted to clo: The New will close iins of 16 z of the months soon showing 3 points on a broader h w s demand movement wh Th imulated by ing | dence yesterday. parently her o op Market reports of ind } in the Sonthwest sales were | Miller Rubber doing a large tive far this year in the sume cs for 19 1re or d to b sales thu per cent mor period last vear T are expected t on the common All months made new high ground bei for the movement, with contracts for | t | delive next May selling up to tb [ 18-cent level, while y advanced )3 and Decembe to 17.65. Prices were within 2 or 3 points of the | fizures at the end of the first hou | Owing to the holiday there were no cables from Liverpooi, and the market there will renfain closed until Monday. The volume of buying tapered off somewh: tor the advance of over a cent pound from the low 1 last Mofid . and there were re: during the middle of the der week ¢ iz oft from to 17:26, and months showed similar ethacks, but there was enough huying on Yeported prospects for continued hot weather in the Southwest and complaints that ol weevil were becoming mol | numerous in some Eastern bLelt sec- | tions to give the market a steady un- dertone. At midday October was sell ing around 17.33, with prices gener- ally showing net advances of about | $ to 12 points. New Orleans Market. ore In Nearby Virginia l 7 Prudentimco 5127 e Commonweall‘l"n lll'lhvexlll'n‘en't_ngo. un- suld morning =————— i WE FINANCE | olasses of income-producine nroperty Large Loans a Specialty Current int rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. | —all Age 35 Annual $5,000 prniin $46.90 NEW ORLEANS, June 1? 1{1\*\7 Lo Continued absence of rain in the West || Organized 1895; assets over $4 00 caused the cotton market here today | irurangs b Jors, 01ot £150.000,000 to open with gains of 16 to 20 points || (o "CARL "FINK AGENCY. 503 Commer: and the price continued to advance || cial National Bank Building. Main 1240. until July traded up to 17.11; October, 17.39, and December. 1762, or 19 to | 2 points above yesterd: The | advance attracted considerable realiz- | ing which, combined with prospects of ain in the West over the week end, sent the price down 10 to 12 points from the highs near the end of the | | first hour. Buck & Company BROKERS Established 1916 Stocks Bonds Grain Cotton Write or call for weekly mar ket letter. No Obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 UPWARD WITH RUSH | Corn Quickly Turns Downward | After Inmitial Rise in Today's Dealings. | | | 1 | | By the Associated Press, CHICHAGO, June 10.—Wheat pric c: went up with a rush today. Big gen- eral buying resulted from the bullish “showing crop report, but heavy profit takl caused a reaction from top figures. Opening at to 41 advance, wheat | scored some further gain before backs n. Corn quickly tur downward after an initial rise, start- ing % to 1% up, and later going well below finish. Oats were | firmer. ons made a decided ad- vance. Wheat trading toda$” was of un- usualy broad volume, with commission house buying persistent, in the face of the fact that ing to realize | profits developed on all bulges. The | outstanding feature was that the Gov- | ernment estimate of the probable vield | of domestic Winter wheat was far less than the lowest private forecast. With_prospects of a reduced yield | not only in the United States, Inu‘ also in Argentina, Australia and Can- ada, wheat buyers today took into ac- count, too, indications that 'Illunpr\, was not unlikely to duplicate its short crops of last Unfavorable weather reports today from Kansas | and_Argentina contributed to wheat market strength, whereas improved | conditions for corn planting eased to | corn market. Investment De W. H. WEST COMPANY Founded 1804 916 _15th St. WANTED A successful local mer- cantile concern, requir- ing additional capital to expand the business, of- fers to sell a limited amount of stock. For personal interview Address Box 36-A Star Office FOREIGN EXCHANGE. (Quotations furnished by W. B Hibbs & Co ) Nominal Selli K T HE shrewdest spec- ulator can’t always win. But the man who insists on a medium of investment that has proven profitable always enjoys a dependable in- come and a satisfaction of Capital Safety. pound. . dollar. Berlin, Roe. Zurich, rown. Oslo. crown NEW YORK, June 10 (#).—Forelgn exchanges mixed. Quotations, in cents: Great Britain—Demand, 485 5-16 bles, 485 11-16; 60-day bills on bank ance—Demand, 3.1914 bles, 3 Italy—Demand, cables, 5.52. Demand Relgium, 13.88% First Mortgage Notes Secured by Improved Real Estate in the Nation's Capital. As- sured annual returns. 20: (‘mim«lonu lavia, 1.76; Austria, 14.0 Argentina, 42.43 Mortgage Investment Dept. FEDERAL LAND BANK BONDS.| (Quoted by Alex. Brown & Sons. Closing.) Approx. SHANNON_& LUCH 1435 K Street Main 2345 The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Md., for 3, 5 or 10 year terms on your 5% Apply RANDALLH.: HAGNER: & COMPANY MORTGAGE | LOANICORRESPONDENT/ 1321 Connecticut Ave. Telephone M Apartment Office Building Business Property