Evening Star Newspaper, July 26, 1927, Page 11

FINANCIAL, BONDLISTIS DULL; TRACTIONS LOWER Imminent Strike in New York Has Effect on Securities of Two Companies. RY CHARLES F. 1 Dispateh to The Star, NEW YORK, July 26.—With a local traction strike imminent, the market for Interhorough Rapid Transit and Third Avenue was decidedly weak foday. The rest of the list was dull and irregular. Interborongh refunding 4 ahont a point, while the h bonds held steady. The impact of the selling was most felt by the Third Avenue adjustments, in which there has been a speculative pool. lLast week, on the possibility of a larger paymient on the bonds, they advanced 10 6 a new h for the yea day they were 3 points under figure, with some weak holdings beini linuidated. k declined her coupon Convertibles At rtive. Convertibla honds attracted most in- terest in the various depavtments of the market. Erie “Ds” followed Bric common stock into new high ground At their top figure ihey weve 42 points | epresent- | m in the | course of a few month | ahove the low ed a 50 per of 1 cent Other speculative bonds which im- proved were J. Key in which the trading was hove White Sewing Macl hine 68; at fr tionally higher price than yester Internationul Paper 6s and the Cul Cane 7s and § Shell Union 5s have recovered half of the loss made when the syndicate dissolved. There was further evidenc: of profit taking in United States Rub- ber refunding 5s following their rise of over four points and of selling of Goodyear new 5s. | Little progress was made by the high-grade issues, although the mar- ket for this class of investments has evidently struck its low point. Muni- cipal dealers report a steady cleaning up of thelr market, but the unsold supply s still so Jarge that 1t will quire some weeks to get this market on an.even keel. The test will come in the prices bid for the new issues. which are to be sold shortly. Foreign Moves Smaller, In the foreign groups the fluctua tlons today were smaller than in sev eral wee The feeling that France is very near the point where legal stabilization of the franc will be an- nounced keeps all of her dollar bonds strong. Belgians likewise hold near the high average of the year on tlwl benefits of a fixed exchange now in | effect for month: From present indications the total of new issues this month will be only about one-third the amount placed dur ing June, which exrevdcd $900,000,000. [ | Washington Stock Exchange | BALES. & FElec. 4s—$2.000 at Washinzton Rw: Mh\ 000 at 86, arity & Trust i Commercial Banke 10 —10 at 10315, orage pld ional Mtge. & Invest. pfd.—50 at 7% Peovles Drux Stores pfd.—20, at 110, 10 at 110 AFTER CALL. m Co.—10 at 105 & Elec. gen. us—swmm at hants’ Tran. & Stor, pld—5 at 101, . 5iae—10 at 101% ational Bank—5 at & Tovest pfd—50 at TH. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4s Amer, Tel. & Telga. 47 Am. Tel. & Tel. ctl."tr. Anacostia & Pot. R. R Ana, & Pot, eun & P. Teiephon; & &P ool 'Va ap. Tra, ! 1ty & Suburban 5- Balt, & Ann: o Withington Gas 5% as 05 bs... | Barber & R Chestnut Fa; Chevy Chase Club 53 D. C. Paper Mfz. .. Fot Joint Stock L B, a. Southern Bldg. Wasn: Market. 5n 10 Wardman Park Hotel 5 sroeks PUBLIC UTIL mer. Tel. & Telga, apital Tracti Washington G Norfolk & Wi Potomace Elec. otomac Elec- Vash. RBwy. Wash, Rwy h, fd. it e & Elec oo com wid National Cavital.. Columbia Commereial ieL Farmers & M. gecond " National Bank of Wish RUST COMP. ity & Trust merican Se: & Trust Continental Merchants® tional S Pank of Beihesda Commerre & Savui st Washing To- | thix | | | i drid iMur:&Cul-ru&l e ,’\nmnul LE Colymiia - ol "Earate, Title Bedl Bv2Go of Md MISCE LANEOUS Title Inv 1161 i RAIL rAmmms MIXFD \ (P).—Addi- reports for yw mixed result ake & Ohi June last f vear gained period of The Nt Southwestern otton Belt) had a deficit of $73,300, cainst surplus of 298,190 in June, The \t Northern's net op- income was slightly larger, 3. against 17. Norfolk surplus for the month 458 from §$3,041,038 a but for 505 over 3 | PhilaCorf6sA. | Public Service 6. . | stnetair o116 | Standara Oil NJ 58 | Tenn Elec Pow 6s. | | {Cuba 53%s.... {Finland s £ 6s45... Orient Dev del Saxon (PW) 7s Swiss 5%s 1946 Swiss Confed 8s. Toho Elec Pow 7s. . Utd Kingm 5%s 37, Ajax Rubber 8s.... Am Agri Chem 7%¢ Am Smit & R 1st 52 21 10 Am Smit & R 6s. 1 Am Sugar ref 6s. AmT & Tecltr4s, AmT& Tecltr5s, AmT & T st bs. Am T & T deb 5%s. Am Writing Pap 6s 28 | HimbleO & R5%8s | - | Kelly-Spring 8s. | Laclede G 5%s 62.. | White THE EVENING STAR. WASHING NEW YORK ) ONDS STOCK EXCHANGE Received by Private Wirs Direct to The Star Offica, ONN Sales. Hizh. Low. Closs. ¥100% 1001 100' 97t 9T 984 O8Y Rdie 97 YT 102% 10 93 10314 965 98 UNITED STATES. (Sales are in $1990.) Sales. Higk. Low. 101 10030 100 28 61 103 66 10011 1008 14 100 31 100 30 81 103 103 24 1'S37% 43-47 1 100 14 100 14 US3xs 14 10518 1051 US4s1944. 210815 108 FOREIGN. tes. Hich, Can Nat 4148 30... Can Nat 4143 54 Can Nor 433 1935. Canad Pac deb 43 Can Pac 4138 46... Cent of Ga 63...... Central Pacific 4s. Cent Pac 1st 58 90. ChesaCorp 53 wi... Ches & O gn 4%s. . Ch! B & Q gen 4553 CB&Q41sTTRB Chi B & Q 1st rf 5: Chi & E L1l g0 Ch1 Gt West Close. 100 28 103 100 8 100 30 103 24 100 14 105 18 108 15 Lib2d 415 1 Lib3d 4%s. Lib4th 4% O 9RY H6Y 98\ - 10 981 aw. Close, 0 106 s L 10 105 99% 997y 99 Argentine 6s.Ju 59, Argentine 6s Oct59 Argentine 63 A Argentine 6s B Australlan 58 Austria 7s. Belgium Belgium 648, Belgtum 7 Belgium 7% Belsium 8s.., Bolivia 8s. Bordeaux 6s Brazil 61 Brazil 7s Braz!] 8s. Canada 5s 1931 Canada 5 Chile 7s 19 Chile 83 1941410110 Chile 85 1946. Chinese Gov Ry 5s. Con Pow Japan 7s.. CM&StP deb 4scfs 26 CM&StPgn89.. CM&SPevates3zefs & CM&StPgn 4t CM&StPrfalss. CM&SP rf 4%psef 1 CM&SP cv fscfs 14 Chi NW 4145 2037.. Cht Rys bs.. ChiR1&Prfds.. ChiTH&SEbs.. Chi Un Sta 4% Chi & W Ind cn 4s.. C&WI164s62... CCC& StL 4158, Clev Term 5s. C&S 1st 4s Colo & Sou 414, Cuba R R 58 v Del & Hua 1st rf 4s Del & Hud cv 53 35 Den & Rlo G cn 4s. D& Rio G fmp 5 D Rio G West bs... 7 Erie gen 4s Erie conv 4s A Erleconv 4s D. Erlecvt 53 67 wi. FlaEC5s74... Gr Trunk stdb 6s, Grand Trunk 7s. ... Gt Nor 4176 D., Great North 5%s. Gr Nor gen 7s. . Hud & Man ref bs. | Hud & Man aj 68, 11 Cent 4% 8 66.... 5 11l Central rf 5s 55. 111-C-C StL&NO 58. Int Rapid Tran bs. Int Rap Tr 5s stpd. Int Rap Tran 6s. Int Rap Tran 7s Int & G Nor 1st 6s Int & G Nor ad 6 Int Rys C A 63 72.. Int RysC Am 6s 41 Towa Cent rf 4s.... Kansas City S 6s.. Kan City Term 4s. Lake Shore 4s 31.. Lehigh Val cn 4s. Louis&Nash uni 48 Louis & Nash 5s B, Man Ry 1st 90 Market St 7s 40.... Mich Cen deb 4s 29. MilEIRy & L5351 1 100'x M&StListrfas. 2 18% MStP&SSMends 1 87i MStP&SSM6%s 3 100 MK&TIstds.... 3 88 MK & T adj5s.... 41 106% MEK&TprinbsA. 7 103% MK&T6sC. 18 10: Mo Pacific gen 14 Mo Pac 58 1965. 5 Mo Pac 5577 rets.. 29 98% Mont Trm ref 5s 41 11 99 Nassau ERy4s57. 2 58 NOTex&M5sB.. 3 100% NYCengen3%s.. 5 N Y Centdeb 45... NYCentribs.... N Y Cent deb ... | NYChI&StL 6145A. NYC&StL6sA. New Haven 315 54 New Hav deb 45 56 New Haven cd 6s.. N Hav&H cit 68 40. NY O&W gen 4s 55 T N ¥ State Ry 4%s. 56 N Y Rys 6365..... 21t NY W &Bos 4 210 Bl | Nor &S gen 53 54. 93 9% { Norfolk & W cn 4s. 96% Northern Pac 4s. 62 4 Northern Pacr16s 6 1137 OreShort Lirfs4s. 6 99% Ore Wash 1st 4s. 2 90% Pennsyl con 4%s.. | 103k Pennsyl gen 434s.. 27 101x Pennsyl gen b3 3109 Pennsyl 6s 64. Pennsyl gold 7s.... Peo & E 1st 45 40.. PCC&StL 58 B 75.. Port RL & P 68 42, Port RL P 6s 47 Reading gen 4%s RIArk&L4%s.. 3 StLIM&S4s29... 31 993 StL 1 M&Sgn5s31 8 100% t L IM&S R&G 43 4 91 StL&SKDI4SA. Il 86 StL&SFprinbs, 1 1007, StL&SF5%sD 2 103 StL &S Fadj6s.. 1012 StL &S Finc 6s. Q8% StL&SFpl6sC.. 6 101% StLS W st 4s. B8 St P & KCShL 4 San A & Arn P 4s.. Seaboard A L 45 sts Seab A L ad} b Seab A L con 63 1062 1011 101% 101 108 10454 10474 99T 99 . 104 104% Czecho 8s1 Czecho 8s 52 Danish Munlc 83 B. Denmark 68....... 5 Dutch Fast I 6362, 14 DEI5%sMchb3.. 1 El Salvador 8s48.. 2 Finland 7s 5 Framerican 7%s. French78...00000.102 French T%s French 8s. German 7s German Aezr Bk Ta Ger Gen Elec 78. Halti6s....... Holland-Amer 6s. Hungary T%s. Italy 7s... Italy Pub 7s. Japanese 4s. Japanese 614%..... Jergens U M 6s 47.. Lyon 6: Marseille 6s. .. Mexico 53 asntd.... Montevideo 7s. Nord 6%s. . Norway 53%48...000 2 Norway 6s1943.... Norway 63 1944.... Norway 6s 1 10915 109% L 114 9915 99ty B0y B9y o 4 101% 62 By 20 1044 104, Wi T8 6 TR 10015 104 ot 04ty 2014 100% 10219 i 9R1g 9815 3814 102% 974 100 1021 1021 102% 9 94% Parfs-Ly-Med 6 9314 N Paris-Ly-Med 7s... 10 100% 1003 Parls Orleans 7s. 997 99% Peru 73s. 101 101 Peruss..... 10514 105% Poland 63 40. A Poland 8 Prague 7%s... Rhinelbe Un 7 Rio de Jan 83 1946, | Rio Gr Do Sul 8 Rome 6%s Sao Paulo 107% 107% 6% s 79% 94u 94y 15 15 4 100 100% 90 90 % 98% 8713 8Th 96% 967 107% 108 7 99% Q91 1078 79 6 108 & Tl 20 100 5 9 99% 99% 1815 18 87y 8Tl 9974 100 88 88 106% 106% | 103 103% 103% 103 % 6% 9915 994 98'y 98% ‘984 99 58 58 1003 100 82% K214 9814 106% 106% 1084 108% 105% 10/7x 103 103 7214 79% 110t 110% 101101 6% To% 56 56 21 Seine 7s 42. Serbs Crot Slo 8: Sweden 6s.. . 981 30 106 2 1081y 21050 1103 T 6 80 1 110% 51 104 Utd Steam Corp 6s. Yokohama 6s. 941 91 MISCELLANEOUS. 1 107% 107% 7 101" 109 6 104% 104% 14 99% 99% 104% 101% 10313 103 107 106% 8714 874 7 104% 104 12 108 107% 104% 1045 89% RO% K9 BN 98 93 104 103% 1 11 Anaconda 1st 6s... Anaconda cv db 7s. AndesCop deb 7s 43 23 Armour&Co 4%s39 1 Armour Del 5%s.. 20 Barnsdall 651940, 12 Bell Tel Pa 68 B... 5 Bell Tel Pa 55 C. 105% 105 Beth Steel pm 68.. 7 1004 99% Beth Steelrf5s... 5 102 102 Beth Steel 5%s 53, 12 101 106' Beth Steel 6s. . 103% 102" Brier H St1st 5%s. 1 105% 107% Bklyn Union 6%s.. 202 201% Bklyn Ed gen 5s... 20 10514 105 Bush T Bldg 53 60. 1 1003 100' Con Coal Md 15t 58 80 €0 ConGasN Y 6%s.. 8 106% 1064 Consumers Pow 58 4 Cuban Am Sug 8s.. Cuba Cane cv & Dery (D G) 7s. Dodge 6s... East Cuba Sug 7%e EmpG & F 6 Empire G & F Fisk Rubber 8s, Goodrich 63%8..... Goodyear 831931.+ Goodyear 8s 1941.. Hershey 5%s. Hoe & Co 6%s. 103% 1034 100 101 109 109 1035 103% 105% 10574 88 884 1084 108% 2 1057 3 B8l 3 108% 1 93% 1100 1031% 1054 2014 105 1 100 80 106tk 98% 984 100°% 1007x 1003 100y 103% 108% oL 101 93 98 101% 101% 8% 93% 90, Blin 7106 105 1057 105% 110% 110% 117 117 107% 10 110 110 120% 12¢ 102% 102% 1002 100% 102% 102'% 101% 104'% 98 98 10415 104% 100 100 9915 99'% 10119 101% 1014 101 112 11l 104% 104% 105% 10 106 1054 101% 1043 96% 96% 104 103% § 99'% 1024 85 103% 10 SB All Fla 65 358 Sou Pac 48 29. Sou Pacific cit 45 Sou Pacific ref 4s Sou Ry gen 4. Sou Ry Con 5s Term Asso S L 48, TexArk 'S 5% 50. Tex & Pac 53 77 rts Third Av ref 45 60. Third Ave ad} b Tol Tr L&P 5%s 30 Union Pac 1st 45. . Union Pac 1st rf 48 Un Pac 4%s 67. Union Pac cv 6; Virginia Ry 1st 68. Va Ry & P b Wabash 1st 68 Wabash 5376 B Wabash 5%s 76 West Shore 43 2 Wis Cen gn 48 4Y 99% G204 94% 19 9 1 1001 102% § 101 93 104'% 1007 99 o EISE 0t T - T s 6 e 10T% 107% 88 88 103% 103% 99% 63% 6219 1llinots Bell 1st 5s. 1llinols Steel 4% Indiana Steel 5s. Int Mer Marine 6 Int Paper 58 47.... Inter Paper cv 63., Inter Paper fd 6s.. IntT&T5%s. Kan CP&L 53 A 52. Kan G & El 6s 62 68% 6213 101% 101% 1055 105% 100% 100 103% 1037 100% 1001 ll e 1054 B3t BF% 802 80z 0IL OUTPUT CLIMBS. | Daily Average Production Jumps | 37,269 Bbls Week Ending July 23. TULSA. Okla, July 26 (@) daily ave e production of crude oil in the United States gained 37,2 | barrels during the week ending Jul 10 105% 5 10078 42 mr. Loriliard (P) 5s... Manat! Sug st 7%s Midvale Steel bs... | Montana Pow b New Eng Tel 55. Y Edlson 5s 44 NYGELH&P 4s. NYGELH&P bs. NY Tel4% N Y Tel 6341 N Y Tel 6s 4 . or Ohio T & L 6s. 99" 108% 108% 110% 110% L 97 9T 100 100% 105% 10503 101% 101% 103 103 104 104 9% 97 110% 1104 108 6'e 105 10. Pac T & T 5853, Pierce-Arrow 8s. day. Oklahoma, due to further in- crease in the Seminole output, the area having passed the half-million- bavrel mark, reported the largest gai with a daily average increase for the week of 33,630 barrels. The daily average production for| pid-continent area was 1,575,635 Is an increase of 37 Production for the NIHH‘ at 2,568,435 6 a week ag P Serv Gas 51 5 P ServGas5%;s 64, Stnclair Ot 8%s | Sinclair Of1 7s N | Sin Crude Ol 6s. 1007, | 8in Pipe Line 5s. 3 93 So Por Rico Sug 7s. 2 109 Southwest Bell bs. 104 10%% 10210 10674 106% 108% 108 91 91% 1084 10514 100 99 8y 89 07 107 10 102 130 21017 10174 9 09 10014 92% 109 United com- Toledo Edn 1st 78, U S Rub ISt rf 5s.. U S Steel sf 53. | Utah Pow & Lt § | warner Sug7s3 | Warner Sug Ts 41. West Elec bs. .. Westinghouse 6. . sw Mch 6s. Willys-Ov 6158 33, Wilson & Co st fis. Winchester A 7%s. 106 106 Youngstn S&T 6s.. 104% 104% RAILROAD. Atchison gen 4s... 11 Atlantic C L el 4s. Atiantic C L 1st 4 AtlanC L 4%s 6 Atl & Dan 1st 43 4T B &0 Gold 4 BAY STEAMER ORDERED. SALTIMORI pecial).— Co. (Old Wy Line) has s i the Pusey & Wilmington for ship of the Siate of Virginia. is in ex- of $1,000,000, The steamer will e used4n the Chesapeake Bay service hetween Baltimore and Norfolk. Di mensions will be 330 feet over all and heam 54 feet. It will be of screw type, propelled by a eylinder triple-expansion engine, otch boile BUTTER IS STEADY. NEW YORK, July 26 (P).—Butter— Steady; receipts, 24,015 packages. Creamery, extras, (9 : Eggs—Irregular; receipts, eeah gathicren, extra firsts, do., figsis, 13. Cheese~, lead;, WGl receleta 135, oo boxes. tion of a boat to be a sister ryland and four with 2 8l% 94% Ydn 9R% 93 4 102 % 1024 22 103' 103' 110% 110 81l 91 rf imp 6s. SW 5360, R 1071y 103 Toledn 4 1 8 rdwy & Tth Avbs. 1 724 o o o o wit | 1001 100 | —'Un" 't to | single- | BULLSHAVE EDGE IN CURB DEALINGS Coliins & Aikman One of Leaders. BY WILLIAM J. HEFFERNAN. 11 Dispateh to Stay NEW YORK, July by .the suceess of previons efforts on the longz side, the element favoring continued advance made further prog- ress in the Curb Market today. New high records for the year were nu- merons, and in some instances the Dhest prices represented highs for all time. xpectations that second quarter earnings statements of prominent industrials, which are to be made pub. | fie this week, will make highly favor- able reading appeared to be all th was needed to stimulate participa- [ tion on the buying side. Colline & Aikman new common went forward to a new high. Reports have heen irrent concerning the ab- corption of this ompany by one of | the prominent automobile manufac- tur Cons <ha forabla inferest cenfered in of distribmtive companies, not ably department and chain store is- sues, and it was evident from their ction that something more than in ereased sales volume was responsible for their strensth. Although there tangible regarding consolidation of companies, new high 1 Metropolitan Ch: Metropolitan Iive to ifty Cent Stores preferved strengthened ~ helief that something along this line was in the making. American nothing the rumor of a number of these s for Grand res and has been Product was in urgent demand at an advance of al- most 2 points. which carried it to a new top for the year. Bankers iden- tifled with the company stated that an important announcement by the company will be forthcoming in the next 10 days. Sanitary Grocery one of the latest additions to the list, also established 2 new peak. Because of the small capitalization and compara- tively high selling prices it was reason- able to asume that a recapitalization of the financial structure might be under consideration. Kruskal & Kruskal common was another specialty that attracted attention at new high prices. Sentiment toward the prominent metal stocks was favorably influenced by the hardening tendency of cop. -5, which eventually will mean Ik ¢ profit margin for those on A steady production basis. Newmont Mines and Bunker Hill and Sullivan were favorites, Oils and public util- ities were neglected in favor of other industrials. Tayon ‘CHICAGO LIVE STOCK MARKET CHICAGO, July #®) (United States Department of Asgriculture)l.— Togs—Receipts, 28,000 head; finished genc ¢ at yester- light ho; day's pr ing sows, ers inactive; sales at that pounds, 10 Jower; large pack- 11.00; numerous bulk 160 to 200 0 to 250 pounds, 20 pound butchers, sows, 8.00a id better 10 to 1 top. 1915 packin few lightweights, & ard to 10, ceipts, 10.000 head; choice fed steers and. yearlings steady to strong: other steady to weak: spots, 10 to 15 lower; she stock ste lower; bulls ste ; vealers, i eavy steers, rlings, heifer: better action than ¢ bulls up to 7.25; ; few 14.00 to out 00 ac head; fat ve, mostly y; qual- very slow; prices about p—Receipts, | native lambs fairly steady to strong with v ity considered; lesmen for cholce We | tives lightly sorted, yester 13.00a13. ions unel bulk feeding | heavies down to 12.00. PIG IRON WEAKER W YORI, July 26 (®).—Pig iron 1ker in the Mississippt Valle the price having been cut to $ - £20.00 to meet competition from South- ern makers, says Daily Metal Trade. Northern stacks are meeting Birming- ham and Granite City pri now on a steadily increasing operating may be expected among steel mills. Low stocks in the hands of users presage a buying movement which will encourage producers to un- dertake price-corrective measures, INITIAL DIVIDEND. July 26 (P).- & Electric Amerl- declared dividend of 20 cents a in cash and the semi annual per cent in common stock on_the common stock, payable August o holders of record August 6. This is equal to the rate prior to the stock split-up. : Work an quarterly LEHIGH VALLEY INCOME. NEW YORK, July 26 (#).—June net | operating income of the Lehigh Vall Railroad declined to $1,14 from $1, in June, last year, and for half of 1927 to $4,587,158 from $5,645,090 in the first half of 1926. | NEW YORK MARKETS. | SW YORK, July 26 (P).— Flour ir- | regular; Spring s, 7.35a7.75; soft Winter straights 7 ter straight | 2 Western, and 1.10 malting, 981 Loges oo Jew York, Barley eas: Y . New York, lake and il. Wheat futures opened fomestic September, 1.401 mber, 1,437 asked. Oals negle unm articles unchanged. the Oil and Gas Journal said to-| | | BUYS FINANCE FIRM. NEW YORK W er Co. 4 the oldest fi 1ce companies on the Pacific Coast, has heen acquired by '|\" Comme! 1l Investment Trust Cor- | poration. TIts assets exceed $2,000,000, ‘Hiwmesq of the company will be con- slidated with operations of the San { Francisco subsid of Commercial | Investment ust. he Chicago Ac- | ceptance Corporation” was acquired a | week ago, BELDING HEMINWAY PROFIT. | | NEW YORK, July 26 (#).—Net rnings of $566,319 for the halt year reported hy Belding Ieminway . silk_manufacturers. equal after preferred dividends to §1.36 a share on the common stock. lare \ POTATO MARKET WEAKER. | cnicaco, July teceipts, ~Potatoes— ec 183; total nited States shipments, 806 car: trading slow, market slightly weakes Virginia barrel Irish cobblers 3.80, according to_condition, and Missouri sacked Irish cobblers, 150a1.80, according to condition. by EARNS $3 16 A SHARE. s carned §3.16 | a share on the common stock in the Arst hal of 14N, New High Records Numerous. | Emboldened | ON, D. C. TUESDAY, JULY 2 NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following s the list of honds and stocks traded in on the New York Curb Market today s INDUSTRIA hundreds R e i 1 R Al Pick Bar A of 31 Alum Co n 01y Am A Bam Am G Am Am L & Tra Pow & 1, pi 10° P U 74 ot Pro .. m.um M 0 Gas Fruit. 5 s Plywood . . ibirn Auto Co 10 Bell T Rige Ha Blackst V G & B Hivn Shoes Tnc.. 2 Bohn _ Alum Briil rmp B Brit-Am Tob Brit-Am 'l “Amis o Co vl iex Co.. X o it Ngnivre Sug. 108 Fin Cor... 13% & SP o0 Wil [ & SP o0 of wi % AN n i D& Aik pf o owi |<H‘l oml”Sal n Gom Freshman 3 Sylphon. . iness C 1 Hellman Fa Marmon Mot ccall Corp 1L t » pfd 101 Penn O Bd war. 1 Pillsb FI M n.. Corp Can Lamb € man Co 4 Reo Mot 5 Rep Mot TRich Rad ...... 804 1 Rich Rad conv pt 4415 v 5 Sou Cal B A b al KB ..m St Reg Pap. .. Sland” com "ob ner Bros Pic t & Bond A.. att & Bond B i Weaso 0 & Si vie 13 Wess 0 & S pf Wheeling Sil. Whit Se M_dy ales in hundreds. 10 Am € M&M 1 Anglo Chil ¢ 10 Ariz Gilobe MINING STOCKS, L # Con Cop Mm.- % 10 Cons Nev G M L T reka_Croeaus. .0 Dissing \nda = North Butte. 226 Ohio_Cop 170 Parmac P Midd 4 M. 1 Tech Hushes. ... 1 Ui Verde Ext.l i Utah Apex T Wenden Cop”. 20 West End F Sales INDE & SO0yt ezelan Pet oil n.. Sales STANDARD OIf, ISSTES. in unite. 800 Tiuckeye P T, ot Ol 10 Gal S : 100 Humble Oil & R )1l P L. Y 30 Ohit Oil - 400 Penn Mex Fuiel 300 Prairie 0 & G 100 Prairia P 1 35008 0 Ind. . T00 S 0 Kansas 10008 0 Ky . A0S 0 Ohio N4 €00 Vacuum 04N\ 1a0k | May. | 1927, against $7.69 a share in the first fal BONDS. 34 Al C Alum Am Am Am « A 10710 a8 g Cons G Bait Cons Tex Ss. R v G oe i Biw wi 100 1007 Galf O Pa & Hood Rub 5 10 Tntersta i 7 Interatate P s % Tov dB & Sh 58 A 400, M @ Mont Pow orria & Co North 1P 8 Be € 065 oSG P M Bl 103 1004 10475 P Rap e 102 5 Phila_Sub % Phillips, Pet 5 TPoto Ed bs E. buon Co 8 '”:'"»'ul o s i o Stand_Inves: N Y Bige, Rub 614 36100 b, 8138 37 4015 S & R B1an 1020 Sales in ds. 10 Buenos, 1 Burm & t Hloh Wi e St Pru ;s Ger Con Mun 3% 1003 mbrg § i M B T Stinnes H s 46 *EX dividend. JM NEW YORK.—Stocks s eral Motors at mew high for consecutive day. Bonds B. & O. 6s In good demand. exchanges easy; Japanese points. Cotton reactionary thei cash market. selling. Foreign ven selling on 3 lower CHICAGO.~Wheat firm Corn stead Cattle irregular. rs inactive. — CREDIT ARRANGED. NEW YORK, July ). nouncement was made here that a credit of $30,000,000 for the German Golddiskontbank has been ar- ranged with an American group head- ed by the International Acceptance Bank to run for an initial period of one vear. This credit is similar to others previously nged in countr unfavora- moderate Hogs low- n- dent of the Reichsbank. during his re- cent visit to this country. MACHINERY MO;{NG. NEW YORK, July 26 (#).—Current sales of machinery and machine tools in important industrial centers prom- ise to give July a better total than was hoped for by manufacturers. Small shops and miscellaneous users are furnishing the bulk of the busi- ness, although quite a number of large industrial plants have re-equip- ment programs under way, American Machinist reports. The South has ex- perienced a slow hut steady improve- ment in dpmmm from wood-working and textile p SILVEE QUOTATIONS NEW YORK, July 26 (#). silver, 56%; Mexican dollars, 42 fidims el ZINC OUTPUT DOWN. NEW YORK, July 26 (P).—World output of zinc in June Is calculated at 116,498 short tons, against 120,712 v and 103,467 in June last ve: Production of lead is figured a 909 tons in June, against 135, STEEL SCHEDULE NEW YORK, July 28 (P).—Steel production schedules in the Mahoning Valley this week show some weakness by independent companies, but with Carnegie Steel displaying strength at an averaga of 80 ver cent of capacity. HERCLULES POWDER CO. NEW YORK, July 26 (4).—Hercules Powder Co. earned $7.54 a share on the common stock in the first half of half of 1926, Net profit of neral Refractories for the half year moved up to 2 equal to $4.01 a share, from < | eline of 1 to | Manchester ANCTATD, it 'WHEAT HAS UPSWING | ON WEATHER REPORT Wavering Start Followed by Ad- vance in Prices—Corn and Oats Also Are Firmer. FIN COTTONADVANCES ON WEATHER NEWS Recent Buying Movement | Aided by Rain Reports From the Belt. By tha Associated Press. CHICAGO, July 26.-—Wheat took a decided upward swing today after a wavering start Warm weather in ¢anada had a_bullish_effect, although advices at hand indicated elear. | bree: conditions likely to restrain black rust. Opening at 7z cent de. | cline to 3; cent advance, wheat under- went a_ slight general and then rose all around. Corn, oats and pro- visions were also firmer, corn starting Tae to fee up and subsequently hold- { ing mostly above yesterday’s finish. Ttepetition of talk about chances of ack rnst damage in the Northwest, especially in Canada, attracted more notice today than would otherwise be the case except for rising tempera- tures, some points in Canada report- ing mercury ahove 90. Uneasiness was added to meanwhile by numerous re- | ports of black rust in North Dakota from Grand Forks to Devils Lake. Unfavorable weather conditions m lurope acted as a further stimulus to wheat buyers. Widespread rains wera Private cables reported London and | reported and in Franee the crops we selling in _the Liverpool | said to be deteriorating to a_serions market, with a 1 disinclination | extent. Receipts of mew wheat in to follow the rise in p o were still heavy, 76 cars Offerings hecame freer _but the ‘nflix was expected to neared the 191 t level for moderate when deliveries on July nd the market reacted. Selling was i are atat end: attributed chiefly to realizing, but el | there was probably some selling for a E reaction on prospects for better weath- | er in the South. October sold off from | 19.15 to 18.90, or 10 points net lower, while January declined from 19.47 to 19.18. The market was 3 or 4 points up from these figures at midday on numerous complaints of holl weevil activities In the South, and reports that the Fast Indian crop was suffer- ing from too much rain. New Orleans Market NEW ORLEANS, July 26 (®.— | Lower Liverpool cables and generall favorable weather in the belt caused | the cotton market here to open easier v and caused losses of § points. | weevil Je market later rallied, October | olina. The mar! eased crossing the 19-cent mark and it 5 to 7 points near the end of the going up 20 to t b By tha Associated Pre NEW YORK, July 26.—T rket opened steady today 2 points under realiz which appeared to be influenc the relatively e: showing of e Liverpool cibles, but soon firmed up on continuation of the recent buying movement. There were reports that southeast Texas was getting too much rain, while buying also was promoted by fear that showery weather would lead to more jus boll weevil damage in the eastern belt, and prices made new high ground for the movement in early trading October sold up to 19.15 and Janu- ary to 19.47, active months showin net advances of about 1% to 15 points | by the end of the first hour. contri WH Close, points abo rday’'s close. Thiy Ivance was caused by reports from svernment agents showing heavy infestation in Texas and MORTGAGE LOANS We have money to loan on desirable property or for construction. REASONABLE INTEREST and COMMISSION Prompt Answers B. F. SAUL CO. Main 2100 925 15th St. NNW. 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 159 5 270 s Apply RANDALL H. HAGNER: & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telepone Main 9700 Office Building Bu: Property Apartment Home firm; | drop ! today | A Third of a Century’s Experience —of rental properties are apt to mount up un- less a careful check is kept on every item of expense. Our experi- ence in handling every phase of property man- agement enables us to hold down such ex- penses and thereby in- crease profits. B. F. SAUL CO. Main 2100 925 15th St. N.\W. J-A ML Iglehart & Co. Investment Bankers announce the opening of an office at 204 State-Planters Bank Buildirg RICHMOND, VA. 1Talephone Randolph-6217} with MR. R. EDWARD GARRETT as Resident Manager Members Baltimore Stock Exchange BALTIMORE, MD. ‘Wilkes Barre, Pa. Washington, D. Ca Clarksburg, W. Va, Wilmington, Del. Richmond, Va. 9 , or §2.64 a share, in the first ha.ll of 1026,