Evening Star Newspaper, August 2, 1927, Page 10

10 STOCKS CONTINUE FCRGING UPWARD New Highs Numerous—In- tervals of Unsteadiness Noted in Today’s Trading. NEW YOR continued to market. New erous as on ward 1 ¢ ct, how- ever, the . ed from those of nee was Snore spasn fluctuations covered a_wider range, and there was more pre wenever an indi- vidual isst med to falter. In short, the market, while predominantly gptrong, had intervils of unsteadiness. The feature of the session from the | viewpoint of tors of rise was t S came to the with Gen: und Ameri Bteel had la in today re fully as num- Refining. vesterday, ception to the rectitied todav. & sales have been & . ¥ Evidently th nbsorl day of the up- | | Am Drug (80¢). | Am Linseed pf.. " FINANCIAL." NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. Low. Close. Open. High. 101% Abltibl Pow (5). 101 101% 100 Abrahm&Straus 76 Adams k5xp (6). 164 Adv Rumley.... 12% Ahumada Lead. 87 Alr Reductn(16) 194 Ajax Rubber. .. Albany Papr (2) Albny Pap pf(7) 97 Allied Chem (6). 15¢ Allied Cm pf(7). 123% 1 Allis Chalm (6). 108'3 109 Amerada (2).... 29% Am Agri Ch pf.. Am Bank N (2). | Am Bk Not pf(3) | Am Beet Sugar. . Am Bosch...... Am Br Sh(§1.60) Am Brown Bov. | Am Brown Bo pf Am (N (2)..... ¥ Am Cai*.Fdy(6) 100's 101 AmC & F pf (7). 1284 1:8% | Am Chicle (3).. 53% 13% 39 ~ 29% al% 5% 61 194 174 43% 12% 54 61 39 146 Am Encau (2.40) Am Express (6). 143 Am & For Pow.. 21% Am&Fo Po pf(7) 100% 1 Am Hide & L pf. 64% Am Ho P (2.40). 16 Am lce (110) Amer Ice (rts),. Am Ice pf (6)... 9 Am Internati(2) 51 Am La France, 6% Am Linseed. . 65 52 6%, 35%° 32% 67 65 51% 64 2% ke itself fc Industrials Are Favorites. as on yesterday the r of interest, the favorites t s weral | Jus had 1 the indu center were rly in the ran up to shares have ¥ me thing, jus ore 100 3 fell into line General M d its best pre- vious price about the same time. Other strong stocks in_the industrial fist include United Fruit, General al. Woolworth, Postum ischmann. - Except for o made new There was still little discoverable re- lation between the buying and any new facts about the financial position of the stocw: concerned. It was al further testimony to the confidence in- i by the money situation. The s were more prominent today, ¢ Brooklyn Union Gas and Con- ed Gas. s General Motors, the leaders 1t part of the list were Chrysler, Nash and Hudson. The transactions In Chry®ier were on a very large scale and all three sold at or near the best 3 k Trucks went up rest. Its second quarter re- rt, made public today, shows great mprmomcnl over the results of the first quarter. Rails Continue Rise. In the railroad group Reading con: tinued the advance initiated yesterd: Ereat Northern perferred sold at par, Erie first preferred sold at the high- pst since 1907 and Union Pacific at since 1911. There was a nover in Pennsylvania, but not much progress was made, ai- though commentators alleged that this stock was behind the market. Be: pides G the shares of the other es roads were in steady demand. Atchison set a new high Tor all time right at the opening, but reacted somewhat afterward. The incident which again showed the ftraits of the short interest was the lump in Manhattan Electrical Supply mearly ten points. The oils did fittle one way or the other, although the news concerning them was just as discourageing as ever. This, too, DMustrated the timidity of speculators for the decline. There can scarcely be any disputing the fact that the technical position was further im- paire by the day’s advance. . A. T. & T. STOCKHOLDERS. W YORK, August 2 (P).—A gain of 93,550 rogistered shareholders this ear brings the total for the American elephone & Telegraph Co. to 422,671, gaid to be the greatest number of shareholders in any corporation in the Some 70,000 employes of the tem hold shares and 193,167 ing for 762,822 shares on the installment plan. About 5,000 shares are held by foreign investors. GOULD COUPLER PROFIT. NEW YORK, August 2 (#).—The ¢ Gould Couplr Co. had a net profit of ' $35,740 in the quarter ended June 30, gs compared with $77,124 for the pre- vious quarter and $110,549 for the same quarter last vear. The six months’ net was $112,865, as against $281,931 for the first half of 1926. BUTTER IS UNSETTLED. NEW YORK, August 2_ (@) ter—Unsettled; receipts, 15,566 tul preamery extras (92-score), 4014a40%. Eegs: receipts, 80,509 cases; hearby henmery whites, closely select- #d extras, 38a40; nearby and nearby Western hennery whites, firéts to av- erage extras, 28a37; Pacific Coast whites, firsts to extra firsts, 31233, Cheese—Steady; receipts, 145,415 xes. an | the last | hi — POTATO MARKET STRONG. CHICAGO, August 2 (#).—Potatoes —Receipts, 18 cars; on track, 124 cars; total U. S. shipments, 332 cars; trad- Ing good; market strong; Virginia, bar- rel, Irish cobblers, 2.85a4.00; Kansas and Missouri, I cobblers, 1.8522.00. OIL OUTPUT AT PEAK. W YORK, August (P.—An s daily production of 2,587,105 with an average 81 barrels daily. production of 2,101 PRICES ON PARIS BOURSE. PARIS, August 2 (A).—Prices im- proved on the bours per cent rentes, 57 fra on Londo 124 francs 2 per cent loan, 75 franc he dollar was quoted at centimes. francs 54 RUBBER LOWER. NEW YORK, August 2 (Special).— Crude rubber 4 ribbed sheets, | declined ic at today noon quotation of 35c. This compares with 35%c¢c month ago and 397;c a year ago. SHORT-TERM SECURITIES. v J. & W. Seligman & Co.) NGO —— 1 St | AmM | Am Sumatra.... Am Locomot (8) 105 Am Machine (2) 91% y pE(T) 147 147 39% 40t 110% 110t 1 87 87 105% 105 95 4 147 147 39% 401! 10% 11019 36% 87 61's 62 131% 130 131% | 101 101 551k Am Metals (3).. AmMetals pf(7) Am Piano (3)... Am Po & Lt (1) Am Radiator(5) Am Ry Exp (6). Am Republic. ... Am SafetyR(33) Am Seating(t4). Am Shpbd pf (7) 97 Am Ship & Com. d44 Am Smelting (8) 168% 172 167% 172% | Am Snuff (12).. 126 126 126 121 Am Stl Fdys (3) 51% 56% 5% Al St Fypf(7). 113 113 118 60% 623 60% Am Tel & Tel(9) 167% 169 167% 1684 Am Tobacco (8). 145t 146% 145% 1464 Am TobaccoB(8) 144 145% 143% 1451 Am Tobacpf (6) 114 114 114 114 Am Typ Fdrs(8) 135 135 135 135 AmTypepf (D). 112 112 112 112 Am WW (c1.60) 94% 95 93% 91 Am Wat Wks(n) 47% 47% 47% 47 Am Woolen..... 227% 2% 21% 21% Am Woolen pf.. bd% 544 51 Am Writ Pactfs 204 20% 19% Am WrPapfofs 45% 45% 454 45% Anaconda (3)... 461 45% 46n Archer-Dan (3). 43 43 Armourot 111(A) 9% 9% Armourof Il (B} 5% 5% 5w Arnold Con&Co. g 33% 84 Artloom pf (7).. 112 1121 112 112% Art Metl(1%)... 26 26% 25W AssoDry G(2%) 45 45% 4i% Asso D G 1st(6). 105 105 105 AtT& SF(19%). 199% 199% 197% 198Y% Atchison pf (5). 103 103 103 103 AtCL (18%).. 202% 204 201 AtlGult& W I.. 36% 36% 36% 36% Atl Refining (4). 120% 122% 120% 120% Atlas Powder(4) 60 60 60 Atlas Pow pf (6) 100% 100% 100% 100% Austin-Nichols.. 7w 7% 7 17 Austin-Nichpf.. 38 38 38 Baldwin L (7).. 251 252% 250 250 Bald Loco pf (7) 124 124 124 124 Balto & O (6)... 122 122% 121% 122 Balto & Oh pf(4) 784 78% 784 T8% Bang & Ar (3).. 8215 823 81 8L Bang & Arpf(7) 115 115 114 114 Bangor & Arrts. 3% 3% 3% 3 Barnet Leather. b4 54 BarnsdallA(23%) 24% 24% Barnsdall B(2% 6115 130 101 55 48 484 4% 4 38 Beacon Oil. Beech-Nut (13). 54} 543 bd% biw Belding Bros (2) 22 22 21% 2% Best&Co...... 50 50 50 50 Bethlehem Steel 54% b55% bd% 55% Beth St1pf (7).. 112 112 111% 111% Bloomingdale... 37% 38% 37% 38% Bon AmiClA(4) 57 57w 57 57W Booth Fisheries. Th T 7% T Botany CMillsA 26 27 25% 27 Briggs Mfg (3). 27% 2T% 27% 27% Bkin-Edison (8) 174 175 173% 174 Blkn-Mn Tr (4). 55 55 563% 534 By Man T pf(6). 83% 8314 *83% 83 Bklyn UnGas(5) 125 127 125 126 Brown Shoe (2). 42 42 42 42 Brunswick B(3) 29% 30% 29% 30% Burns Bro (10).. 92 92 92 92 Burns BrB (2).. 21% 21% 21 21 Burros Add(t4). 97 97 97 97 Bush Ter de (7). 102% 102% 102% 102% Bush Trm pf (7) 114 115 114 115 Butte Cop (50c). 4% 4% 4% 4% Butte&Super(2). 9% 9% 9% 9% Butterick (2).. 54 b5i% 54 b54% Byer&Co...... 82 36 &2 86% Byer &Copf(7). 111 111 111 111 By-Products (2) 70% 70 70% 171 Calit Packg(4).. 63% 65 63% 64% Calif Petrol(2).. 23% 24 2314 2314 CallahanZine... 1% 1% 1% 1% Calumet & Ar(6) 68% 70 68% 69% Calu& Hecla(2) 15% 16% 15% 15% Canada Dry (3). 50% 51w 50 50% Can Pacific (10). 194 194% 1921 193 Case Threshg(6) 265 2674 265 265 Cent Alloy (2).. 31% 324 31% 31% Cent Leath..... 15 15 15 15 Cen Ry NJ(112), 828 328 323 328 Century RIDM.. 13 13 13 Century Rpf(7). 80 84 80 CerrodePas(15) 61% 624 61% Certain-Teedd) 52 52 52 b2 | Certo (12%). 5% 5% Chand-Cleve. ..+ 7 Chandler pf(2%) 18% 18% Ches & Ohio(10) 194% 195 19215 192% Ches Corpn 2 72 71K % Ch! & Alton .. Bl 8% Chi & Alton pf. 15% 15% Chi & East Il... 484 48 Chi & East Il pf 80% 80 Chi Great West.. 17% 18 Chi Gt West pf.. 38 384 ChiMil & StP., 16 16% Chi MII&StP pf. 3% 31 1% 15% 30% 30% 92 3 93 133 133 133 115% 114% 114% 60% 60 60% 36% 36 364 gg'h 62 62 b4% 55% 113 112% 113 48% 48% 48% 52% bB1% bl% 67% 66% 67% 117% 116 108% 106% 895 8T% 132 131 95% 93% 106 106 76% 14 17 16% 77 T6ih 877% 377% 374% 53% 53% 53% 204 21% 19% 65% 664 65% 82 834 81% G 111% 112% 1113% 111% 984 984 98 98% 63 68 67% 67% 5% 6 5% 6 43% 43% 43 5% bW 54 75'% 17 75 192% 192% 190 11% 11% 84 61% 8% 15% Chi Rock 1s (5). Childs (32.40)... Chile Cop (2%). Christie B (1.20) Chrysler Corp(3} Chrysler pt A(8) City Stor A(3%) City Stores (B). Col Fuel & Iron. Col & Southn (3) Col Gas & El (5) Col G&E pt A(6) Col Carbon (4).. Com Cred (1)... Com Cred pf 6% Com Solv B (8). Com Powr (23%) Congoleum-Nair Cong Clgar (4).. Con Cigars (7).. Consol Distribut Consol Gas (5).. Cons Gas pf (5). ConRRCuba pf 6 Consol Textlle. Cont Bakg A(4). Cont Baking B. Cont Can (5) Cont Insur (6) Cont Mot (80c).. Corn Prod (13).. | Coty Inc (5).... CrownWP1stpf? CrucibleSteel(6) Cuba Cane Su pf Cuba Compy (3) Cuban Am 8 (1). Cuba R R (4.80). Cudahy PKg (4). Cuyamel Fruit.. Davison Chem. . | Deere&Co pf(7). Del & Hud (9) Del L & W (11). DRG Wstpf... Detroit Ed (8) Devoe & R(2.40) Diamd Mtch(8). Dodge Bros Cl A Dodge pf (7)... Dome Mines (1). Dul S 8 & Atlan. 4 4 Dunhiil Int (4). 50 Fuwant (136D 2044 2406 2033 B06W 5% 16% 77 374% 53% 21w | 65% | 83 p 55% 94% 887 95 36 22% 22% 1 8 487% 2% 31% 118 216% 166 60% 149 [3 924 8% 93% 36 21% 22% 81 48% 42% 31% 117% 216% 165's 60% 148'% 37 37% 135 136'% 135 136% 17% 18 17 17% 67% 68% 67% 674 M T 487% 42% 31 3l 117% 118 215 215 165% 165% 60 60 143'5 14 37% 87w 42 THE EVENING STAR, WASHINGTON, D. €. TUESDAY, AUGUST 2, 1927. Du Pont deb(6). Dugquesne pf (7) Eastman (18)... 24| Eaton Axle (2).. El AutoLt(163% Electric Boat. .. ec Power & Lt ec P&Lt pf(T) &Lt 40% (7) ec Refrigeratn Stee Bat (16) rantgm(A) d John (5).,. igineers Pub S Engnrs PS pf (7) Epait Bldg(7) Erio RR. Erie 1st p! Erfe 2d pf. Irie Stm S(21%) Bureka Va f143 change (1%). Fairbanks (3)... Fed Lt (h2.40)., Fed Min pf (7)., Fed Mot T(f80c) Fid Phoenix (4). First Nat S(11%) Fisk Rubber. ... Fisk 1st pf cv(7) Fisk 1st pf (7)., Fleischmann(3) Foundation (5). Fox Film A (4). Freeport (14%). | Gabriel Sn(3%). Gardner Motor.. | Gen Am Tnk (3) Uen Cigars (4) Gen Elec (15). Genlilec sp(60c Gen GasA (01%) Gen Gas (B).... jenMotors(110) n Mot pf (7)., Gen Outdr Ad(2) Gen Outdr A (4) Gen Refrac (3) Gimbel Bros, Glidde Co Gold Dust . Goodrich Ru (4) Goodrich pf (7). Goodyear pf (7). Gothm S H (234) Gotham new 2%. Granby (4)...... Grt N8rth pf (5) Gt Nor pf cfs(5) Grt Nor O(1%). Grt Westn Su(8) Great WnSug(n) Green Canan.... Guantanamo. Gulf Mo & Nor. Gulf Sta 1st (7). Hacknsk A(1%) Hrtn B b10%stk Helme Geo (4).. Hocking Val(10) Hoe & CoA..... Hollander & Son Houshld P(3%). Houston Ofl.... Howe Sound (4. Hud Man (23%). Hudson Mo(3%) Hup Mot (1.40)... Illinots Cen (7). Til Cent pf (6). Indep OH (1). .. Indian Mot (1) Indian Refining.. Inland St (2%).. Inspiration. . Int Bus Ma (4) Int Cement (4).. Int Com Eng (2) Int Harv (j6)... Inter Har f (7). Int Mtch pf(3.20 Int Mer Marine. ! Int Mer Mar pf. Int Nickel (2)... Intl Paper (240) Int Paper pf (7). Intl Shoe (7). Intl Stiver. Int Tel & Tel rts Intertye (t1%). Island Creek (4) Jones Bros Tea. . Jones & Lau (7). Jordan Mogor... Kayser J (4). Kelly-Spring. Kelsey-Hayes. Kennecott C (5). Keystone T & R. Kinney pf (8)... Kraft Ch (11%). Kresge (1.20).. Kresge Dept S.. Kresge DS pf. .. KressS H (1)... Laclede Gas(12) Lago Oll (3).... Lambert Co (5) Lee Tire & Rub.. Lehigh Val(314) Lehn & Fink(3). Life Sav (1.60).. Lig & Myrs(ft4) Lig & M pf(7)... Lig&MyrsB(f4; Liq Carb (3.60).. Loew's Inc (2). Loft. Loose-Wi Lorillard Co. Loutsiana Oil La Oil pf (63%).. LouisGasA(1.75) Louis & Nash(7) Ludlum Steel(2) MecCrory (1.60). MecCrory B(1.60) Mack Trucks (6) Mack Trk 2d (7) Mackay pf (4).. Macy R H (5)... Magma Cop (3). Mallison & Co. .. Mallison pf (7) Mandel (2%)... Man El Sup (5) Man Elev gtd. .. Man El m g (d5) Man Shirt (1%). Market Street. .. Market St prior. Marland Oil..... Marlin-Rek t33% Mathieson (4). . Mathieson pf(7) May Dept S (4). MaytagCo(123%) Miami Cop (1).. MidContinent(3) Mid-Cont pf(7) Middle States Midland pf(t1 Miller Rub (2).. Minn & St Loufs. Min St P & SSM. M St P&SSM pt. Mo Kan & Tex... MoK & T pt (6). Missour] Pacific. Missour! Pac pf. Montana Pow (5) Montgmry W(4) Mother L (50e).. Motion Ple (1).. Motor Met(3.60) Motor Whi (2).. Mullins Body... Munsingwr (3).. Murray Corpn.. Nash Mot (14%) Nat Bellas Hess Nat Biscult t5% Nat Cash R(A)3 Natl Dairy (2).. Nat Distillers. .. Nat Distlllers pt Nat Enamel & S. Nat Enam pf (7) Nat Supply (4). Nat Supply p£(7) | Nat Surety (10). Nat Surety rts.. Nevada C(1%).. INOTex &M (1) N Y Air Br (3) N Y Cent (8) N Y Central rts. NY Chi&StL(1 NYC&SLL pf(6). NY Dock...... NY NH & Hart.. NYOnt& W (1) N Y Rallways pt NY Stm pf A (1) Norfolk South, . Norf & W (8)... Neorth Ampr(3), Kan City South. , Open. High, 112 112 116% L16% 173'% 27'% 90% 18%% 24% 104 114 15% 69% 6% 0% 20% 20% 145 24% 17 8413 98 bt Gen Ry Sig (5).. 1 ees 1 Int Tel & Tel (6) 1 226 37% 105% 50 51'% 39% B50% NorAm b10% stk 50 bau Low. 112 116% 171% 26% T5% 53% 9% 55 63% 120% 11w 397 444 228% 123% 47 102% 22 24% 100% 289% 36% 35% 69 156% 38 584 90% 19% 134% 134 20 244 8 54% 16% 884 57% 47 195 132 3% 6% Close. 112 8814 48% 1954 132 T4% 6% 42% 67% 54% 100% 196 172% 141w | O Nor Am Ed pf(7) North Pac (6)... Nor Pac cfs(5). Norwalk Tire... Nunnally (1.60). Ol1 Well Sup Omnibus...eees Opnhm Col (4).. Orpheum Cir (2) Otis Elevator (6; Otis Elev pt (6). Otis Steel.cuv.on Otis St prior(7) Owens Bot(Ct5) Pactfic Coast.... Pac Oll Stubs, Pac Tel & Tel (7. Packard (12.90). Paige Motor.... Pan-Am (6).... Pan-Am B (6).. Pan-Am West B Panhandle. Panhandle pf armt-Fam (§8) Paramt-F pf (8) Park & Tilford.. Park Utah(80c). Pathe Ex A (4). Patino(1.21 2-3) Peerless Motor. . Penick&Ford(1) Penick&F pf(7). Pa DixieCt(3.20) Penna RR (3%) Penn-Seab Steel. Peoples Gas (8). Peorla & East... Pere Marq (18). Pere Marq pf(5) Pet-Mull 1st(7). PhilaCo5 % pf2 % Ph11aCo6 % pt(3) Phila& RC& 1. £hilip Morris. .. Phillips-Jon (4). Phillips Pet (3). Phoenix Hosier; Plerce-Arrow Plerce-Ar pf(8). Pierce Oil.... Plerce Petrolm. Pitts Coal.. Pitts Coal pf. PittsTerm Coal.. Pitts & W Va(6) Postum (5)..... Pr Stl Car pf(7). Prod & Refiners. Pub Serv NJ (2) Pub Serv pt (6). Pullman Co (8).. Pullman ctfs(8) Punta Aleg Sug. Pure Oil (12).... Purity Bak A(3) Purity Bak B(2). 9% 19% 1% 136% Radlo Corp of A. 1 ReadIng (15). Reading 2d (2). Real Stlk Hos(4) Reld Ice Crm(3) Rem-Rand $1.60. Rem-Rd 1st(7) Rep Ir & St1 (4) Reynolds Spngs. Rey Tobac B (5) Robt Reis & Co. . Rossia Ins (6).. RoyalD(a1.33%) Rutland pf...... Safety Cable (4) St Joseph L(13). St L&San F(18). St L&SanF pt(6) St L Southwest. Sears-R (nz% Seneca Copper. . Shattuck F G (2) Shell Un (1.40).. Sher-Wil pf (7). Stmmons (2).... Simmons pf (7). Simms Pete. . Stnclair O1l. Sinclair pf (8) Skelly Ol (2). .. Snider Packg Co SPortoR Sug(n). 4% i South Por pf(8). 35 59's 26 121% South Calif Ed.. South Dairies A. Sou Dairles B... South Pac (6)... Southern Ry (7). 17% 6674 2 22% 66%| ke 9% 62% 14% 240 30 801 11% 113% 345 21% 7% 129% 17 5i% 52 45% 11% 90 147 5% 79 103% 106 68 197 35% 434 64 50% 5T 106% 104 68% 2% 8% 31% 24 5 25% :Nh 133 44% 68 45% 30 91 114% 21% 117% 30% 14% South Ry pf (5). Spear & Co pt(7) Spicer Mfg. Std G & E(3%). Std G & E pf(4). Std Mill (5)..... Std Millg pf (6). S$td0iICal(12%). Std OILNJ (11%) Std Ol NY(1.60) Std Pl Glass pf.. Sterling Pro(t6) Stewart-War (6) Stromb Car (2). Studebaker (5).. Submarine Boat. Sun Ol (11).uee Superior Ofl..... Tenn Copper (1). Texas Corpn (3) Tex Gulf S t4%. Tex & Pacific. Tex PC&O(60c). Tex Land Trstn Thatcher Mfg... Thatchr pf(3.60) The Fair (2.40). Tidew Aso (60e) TIdWASOI1pf(6) TideWat O(80e) . Timk Roll B(15) 255 | Tobac Prod (7). Tobac Prod A (7 Transcont O1l Underwood (4). Un Bag & Paper. Unlon Carb (6).. Union Oil (t23%) Un Pacific (10). Utd Cigar St w.1, Un Cig St p£(7). United Drug (9) UtdDrg 1st(3%) Utd Fruit(15%). USCIP&F(10) USCIPpt (7). U S Dist cfs new US Dist pf n(1).. U S Hoftman (4) U S Alcohol (5).. U S Ind Al p£(7) US Leather wi., US Leather A... USLeat pr pf(7). U'S Realty (4)., U S Rubber..... U S Rub 1st (8) U S Smelt (3%) U S Steel (7). U S Steel pf (7). Unl Pic 1st pf(8) Unv P&R(12%) Utl P&Lt A (e2) Vanadium (3) Victor Tlk Mch. Victor cv pt (8). Victor pr pf (7)., Va-Caro Chem. s Vivadou (3).... Vivaudou pf (7). Vulcan Detin. .o Vule Det pt (7) Wabash...eueus Wabash pf A(6). Waldor? (1%).. Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner Plo A Warren Bros(4). WarF&Pipe Cor. W Penn El pf(7) West P Po (6)., West P Po pf(7) West Maryland.. West Md 2d pt.. West Pacific. ... West Pac pf (6). West Unlon (8).. WesthseAIrB(7) Westinghse (4) Weston A (2) White Mot (4).. 1| White Rock (2).. 0 *| White Sew M(4) 50 381 8 107% 650% o White Sew Mach Wickwire ctfs. .. Willys-Overland Wilson & Co.... Wilson Co pf A. Woolworth (5) Worthn Pump.. ‘Worth Pump (A) Wright Aero (1) FalatTowna(K) 135% 124% 10 3 9% 19% Low. Close. 101% PEOPLES DRUG INC. L EASES BIG STORE Takes Ground Floor Space in New Washington Building. Part of Expansion Plan. BY EDWARD C. STONE. Peoples Drug Stores Inc., is continu- | ing its policy of expansion by signing a lease for ground floor space in_the new Washington Building, at New York avenue, Fifteenth and G street The new store will be located in the southwest corner of the building. The rapid growth of this firm during the past two or three years has been of great interest to the local financial district, as the stock is widely held heré. At present the preferred is sell ing on the Washington Stock EX- change around 110. The first tenant to move into the new office building was the Interna- tional Mercantile Marine Co., which opened today for business at 1417 G street. The Remington Typewriter Co. and .the Parker-Bridget Co also will have street floor space as soon as it is ready. ‘As yet no contract has been closed with any banking institution for the spacious quarters being completed on the second floor. Doubtless this is part- ly due to the fact that all the banks in Washington have homes their own. Banker Observes 7lst Birthday. One of Washington's ablest bankers celebrated his seventy-first birthday so quietly the other day that hardly anybody knew it. Yet few bankers have had a busier life than “William T. Galliher, chairman of the board of directors of the Federal-American National Bank, as a casual glance at “Who's Who"” will quickly prove. Born in Port Deposit, Md., July 29, 1856, he obtained his early education in *the public schools and then lost no time in starting his business ca- reer. The lumber business first called him and after coming to Washington, he became head of the firm of W. T. Galliher & Bro., established in 1889. His interest in lumber also led to his election as president of the Home Building Association and of the Lum- ber Exchange. Mr. Galliher first became prominent in banking circles when elected a di- rector in the eld American National Bank at its organization in 1903. Later he served as vice president and was president of the institution when it merged with the Federal National in 1922, assuming his present duties at that time. In addition to his banking affiliations, Mr. Galliher is treasurer of the Rosslyn Steel & Cement Co. and a director in the Washington Title Co., Washington Railway & Electric Co. and the Washington Hotel Co. He is a member of the Board of Trade, Chamber of Commerce and Board of Charities and years ago was president of the District Bankers’ Association. To keep time from hanging heavily on his hands, the veteran banker is a trustee of American University and the Swrtzell Home for Children, as well as a trustee and treasurer of the Board of Temperance, Prohibition and Public Morals of the Methodist Church. In fraternity life he has reached the top of the Tadder, being a 33d degree Mason. Mr. Galliher is also an Odd Fellow, member of sev- erl other orders and belongs to the University and City Clubs. Inciden- tally, he was chairman of the Cool- idge-Dawes inauguration committee, in 1925. Diarying in South Booming. The dairy industry in the South is making rapid progress, according to data collected by the reserch depart- ment of Southern Dair Ine. One county reported 50 new farms, another more than doubled the num- ber of registered herds, and a milk- producing district increased’ its pro- duction 100 per cent in 1926, accord- ing to W. R. Cole, president of the Louisville & Nashville Railway. Davies Warfield, president of the Seaboard Air Line, reported an’in- crease of 46 per cent in revenue de- rived from milk and cream transporta- tion as compared with the averge for the past five years. Butter production increased 280 per cent from 1914 to 1924, according to A. C. Needles, president of the Nor- folk & Western, while milk production increased more than 320 per cent in the same time. Bank Stocks Active Today. Bank stocks were active on the local exchange today. Commercial National opened at 264 and closed at 26415, the day’s turnover totaling 23 shares. Ten shares of Liberty Na- tional sold at the high for the year of 214. Two shares of National Bank of Washington sold at 29614 and five shares of Washington Loan & Trust Co. came out at 495, also 2 high for the year in_this issue, Potomac Electric 5% per cent pre- ferred appeared on the board at 101%, while the company's 6 per ceut pre ferred sold at 1087%. Thirtynine shares of Lanston changed hands at 9914, and 10 shares of Merchants’ Transfer & Storage preferred moved at 101%. Capital Traction gained a quarter of a point, selling at 106%;. Sixty shares of Columbia Title Co. sold at 12, and 100 shares of National Mortgage & Investment preferred sold at 7. Chevy Chase Dairy preferred registered 103%. In the bond division, Washington Railway & Electric 43 opened at 867« and closed at 86%. Georgetowa Gas 58 brought 102. In and Out of the Local Banks. John B. Larner, president of the ‘Washington Loan & Trust Co., is pass- ing a few days at his Summer home in Pennsylvania. He will return Fri- day in time for the postponed meet- ing of his directors. Tomorrow will be another big day in his career as he reaches another birthday anniver- sary. J?Wlllklm Roberts, manager of the uptown branch of the Security Sav- ings & Commercial Bank, is taking his vacation, passing part of it in the Blue Ridge Mountains. Later he will go to Cape May, N. J. G. S. See, manager of the Ninth street office of the District National Bank, is on a motor trip in New York and Pennsylvania. Frank P. Morse, manager of the ‘Washington office of J. & W. Seligman & Co., has sailed for Europe, where he will spend several weeks touring on the continent. Atterbury Made Bank Director. President W. W. Atterbury of the Pennsylvania Railroad, was today elected a director in the Continental & Commercial National Bank of Chi- cago, according to a special dispatch to The Star. Mr. Atterbury is a direptor in a score of other corpora- tions including the Washington Ter- minal Co., the Richmond, Fredericks- burg & Potomac and the Norfolk & Western railroad Yellow Truck... 33% 33% YungstnS&T(5). 85% 5% « Hourly Sales on N. Y. Market. 11a.m.. 538.500 12noon. 1,016,800 1pm,. 1365100 2pm.. LT701400 Dividend rates as &iven in the above table are the annua? cash pavments based on the Iatest_quarterly or half vearly declaratior Unless otherwise noted extra or evecial divi- dends are not included. * Uni 100 shares. b of tading iege shan 100 ehay ock., 3 Blis 2/80 i xtra § Plus common stock. 'aid this vear—no_recular rate ) A By et Coinmodity News DETROIT, August 2.—The Chev- rolet production for July totaled 89,569 cars, a gain of 75.7 per cent as com- pared with July, 1926. Executives con- fidently expect the production for the total year will approximate 1,000,000 vehicles. SACRAMENTO. — The California Peach Growers’ Association and the Conners’ League have been unable to get together on the price of this year's crop. The growers ask a minimum of $30 a ton and the canners offer half that, with a further division of profits after the pack is disposed of. ATLANTA.—The Cluett Peabody Co. will establish a shirt and under- wear factory near Atlanta shortly to supply the Southeastern trade and Cuba. Other shirt and collar makers are expected to establish Southern fac- tories, the last quarter of this vear is expect- ed by the Youngstown Sheet & Tube Co. Sheet and tube this week added another tube mlill to its active list, making 13 of the 18 in the valley ac tive. PLANE AUXILIARY TOLINER FORESEEN Chamberlin’s Feat Shows Time Can Be Cut Both Ways in Crossing Ocean. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, August 2.—*Communi- cation is the life of trade.”” That is the new version of an old proverb in- augurated when Clarence Chamberlin made his flight Monday from the deck of the Leviathan to a flying field near New York. This feat had the imme- diate effect of reviving talk of plans to establish a passenger, mail and ex- press terminal at Montauk Point. The plan, however, has opponents, includ- ing many interests in the City of New York, who are up in arms and ready for a battle to the finish against it. The Chamberlin flight proved that at least one day could be saved in the carrying of mail between America and Great Britain. It also prooved that transfer of passengers, mail and express to land by way of the air is feasible, and that with a similar or greater saving on the other side of the Atlantic, the journey could be short- ened by two full days. The use of airplanes, however, is not essential to the general provisions of the scheme as laid those advocating extra terminal facilities at places other than ports of destination. It long has been proposed to land passengers and mail at Montauk, or take them on board eastbound liners there, by means of tenders or lighters. Would Eliminate Some of Voyage. The rush shipments and passengers to whom haste was essential would be transported between Montauk and New York City by airplane, bus or railroad. The saving in time will be accomplished by eliminating at least 150 miles of the voyage down New York Bay and up the Long Island coast. On the other hand, passengers who were not pressed for time and liked the sea voyage could sail from New York docks or land there if they wished. The main cargo also would be loaded and unloaded as at present. It is known that one of the great railroads has acquired control of the Long Island Speedway, an automo- bile road running the length of the island, and purposes to hold it as a right of way i the scheme is carried to completion, using either bus or rail- road tr#fins. Some of the ship lines favor the move, since it would mean no reduction in fares, as the embarka- tion or debarkation of passengers at a Long Island point would be optional. It also is proposed to carry passen- gers to destinations other than New York by airplane. A Long Island land- ing would mear®additional hours strip- ped from a trip to or from Boston, Philadelphia, Baltimore or Wash- ington. Similar Treatment on Other Side. The plan lends itself to similar treat- ment on the other side. Nearly all the transatlantic ships before the war stopped at Queenstown. The flight across the Channel would mean de- livery of passengers and mail at Lon- don mnearly two days earlier than is possible at present, with a consequent cut in time to continental points. Opponents of the plan point out that it would mean a duplication of quarantine forces and of clerical forces now employed at the New York offices and docks. Many merchants, exporters and importers desire the en- tire traffic centered here. Property owners fear the move might have some effect on present values. Proponents answer that the service would not be an ordinary but an ex- ‘raordinary service, and designed for those to whom time is indeed the “es- sence of the contract.” Baltimore Markets BALTIMORE, August 2 (Special). —New potatoes, barrel, 1.50a2.75; bushel, 90a1.00; beans, bushel, 1.10a .40; beets, 100, 1.00a 3.50a6.50; carrots, 100, ery, crate, 2.00a3.00; coi fleld corn, dozen, 15a35; cucum- , basket, 35a50; eggplants, basket, 1.50a2.00; lettuce, crate, 4.00a5.00; lima beans, bushel, 1.50a: onions, bushel, 75a1.01 basket, 50a75; peas, : squash, basket, 50a 7 asket, 1.00a1.50; green, 50a1.00. Apples, bushel, 1.25a2.25; blackber- rles, quart, Sal5; cantaloupes, crate, 1.2523.50; cherries, basket, 75a90; huckleberries, quart, 15a20; peaches, bushel, 2.75a3.50; pineappies, crate, 3.0025.00; plums, basket, 50a75; rasp- berries, quart, 20a25; watermelons, each, 10a35. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, domestic, spot, 1.43%%; No. 2 red Winter, gar- licky, spot, 1.37%; No. 3, garlicky, spot, 1.34%. Corn—Domestic, No. 2 yellow, 1.25; No. 2 spot, no quotations; No. 3, no quotations; cob corn, old, 5.50, nomi- 5; tomatoes, new, 5615a57 per bushel 0. 3, 5313a54. Rye—Bag lots nearby, 1.10a1.15 per bushel. L Hay—Receipts, none. With the ap- proach of the season for new hay, de- mand for old hay is limited, with prices generally in buyer's’ favor. Fair to good timothy is selling at a range of 16.00a20.00 per ton, as to quality and condition, and lower grades from 14.00215.00. Clover mixed hay is bring- ing about the same prices. Straw—No. 1 wheat, 13.00a14.00; No. 2 oat, 13.00a14.00. Dairy Farm Products. Live poultry — Spring chickens, pound, 25a32; small, 20a25; old hens, 18a24; Leghorns, 16al8; roosters, 13a 15; ducks, 20a22; old, 15a18; pigeons, pair, 20a30. Eggs—Receipts, 563 cases; native and nearby firsts, in free cases, dozen, 25a35%; current receipts, 23%. Butter—Good to fancy creamery, pound, 40a43%; prints, 43%a45% blocks, 42%a44%; ladles, 31a33; rolls, ' 30a32; store packed, 30; process butter, BA; dalcy priRte, 30433, t ¢ +INANCIAL. EGGS ARE HIGHER INGENTER MARKET Candling Losses Heavy as Hennery Product Advances. Rain Helps Crops. | | | | Last night's rain was welcomed b; | farmers and truckers in nearby land and Virginia and the District. Rains the past few d: meant much to growers, and the rain that fell la night means much in saving growing crops. It is expected that market dealers will feel the benefit of the rain before the end of the week. There has been a scarcity of some vege nearby growers the past week or two, | according to reports, and dealers have | had to depend upon shipments from | distant States to supply the demand. A strengthening of the egg market | was reported this morning. tly due | to hot weather, it is reported, many eggs not of the best quality have reached the local market, making candling losses heavy. Prices of most other commodities this morning were substantially the same as prices reported yesterday. Today’s Wholesale Prices. Butter—Fresh, 1-pound prints, 43a44; tub, 4134a42; store packed, 2 Eggs—Fresh selected, nery, 30; current receipts, alive—Turkey 23! Dressed—Turke chickens, 30a35 39a40; smaller, 3. young, 60a70; old, 30. Meat, fresh killed—Beef, veal, 20; lambs, 10a32; fresh 23a2?5; shoulders, 17 ; loins, smoked hams, 26a27; smoked ders, 17a18. Live stock—Calves, medium, 10all; thin, lambs, 13a13%. Fruit and Vegetable Review. Today’s market report on fruits and vegetables, compiled by the Market News Service, Bureau of Agricultural Economics, says: Cantaloupes—Supplies moderate; de- gand good, market slightly stronger; North Carolina, standards, 45s, salmon tints, best, 1.50a1.75, mostly around 1.50; ripes, 1.00a1.25; standard, 36s, sal- mon _tints, 27s, 2.00a2.50; Arizona, standard, flats, 128 and 15s, pink meats, 1.00; honeydews, standard, crates, 1.25a1.50; honey balls, stand- ards, 36s and 45s, 3.25a3.50. Lettuce—Suplies light; slow, market dull; New York, crates, big Boston type, 1.50a fornia, crates, Iceberg type, 5.00a5.50, Onions—Supplies light; demand light, market dul ast Shore Virginia, bushel hampers, yellows, 1.50. Peaches—Suplies moderate; demand fair, market steady; North Carolina, bushel baskets, Elbertas, very large size, best, 3.5 00; poor condi- tion, decayed, 1.00a2.00; Hales, very large to large size, 2.50a3.00, mostly 3.00; Virginia, bushel baskets, Car- mans, large to very large size, 2.50a 3.00; medium size, 2.00a2.25. Potato Market Steady. Potatoes — Supplies light; demand good, market steady; Virginia, East Shore, cloth-top stave barrels Cob. blers, U. S..No. 1, 3.00a3.15; Norfolk section, cloth-top stave and slat bar- rels Cobblers, U. S. No. 1, fair condi tion, 2.75; best, 3.00. 4 ‘Watermelons — Supplies moderate; demand moderate, market steady; car lot sales, South Carolina, bulk per car Tom Watsons, 23:pound average, 225.00; Georgia. bulk per car Excells, 36-pound average, 400.00. Tomatoes—Supplies heavy; demand slow, market weak; homegrown, bushel hampers, various 50a75. Sweet potatoes—Supplies light; de- mand light, market dull; Tennessee, ;‘:fi)hd hampers Nancy Halls, No. 1, 28a30; Spring shoul- 12 choies L Spring demand -dozen 75; Cali- 4-5 dozen, 1. varieties, Apples—Supplies light; demand mod- erate, market steady; Virginia, bushel baskets Willlams, 2% inches, 3.00. Cucumbers—Supplies moderate: de- mand slow, market dull; East Shore Virginia, bushel hampers, few sales. NEWS OF BLACK RUST | AGAIN BOOSTS WHEAT Reports From American and Ca- nadian Northwest Have Bullish Effect on the Market. | By the Associated Press, | CHICAGO, August 2.—Black rust reports from the American and Ca- nadian Northwest turned wheat up- ward today after a wavering start. Initial weakness was associated with | lower quotations from Liverpool than | expected. Opening unchanged to % cent off, wheat underwent a moderate general setback and d¢hen gained. Corn and oats developed firmness also, «{ corn starting at 1% cents decline to 1 cent advance and subsequently ris- ing all around. Provisions tended to sag. . Advices_today regarding wheat In | northern North Dakota and in Mani- toba said black rust has quickly changed to a damaging stage by hot days of about a week ago and now promises from light damage in early wheat to rather heavy damage of latest flelds. Some of the wheat in the region will be cut next week, but most of the crop needs two weeks to ripen. . Reports from other sources said that it will require only about 24 hours of the wrong kind of weather to cause heavy damage from rust all through central and southern Mani toba. From two to four weeks, these reports asserted, will be required for | wheat over this whole district to ma ture, and with a return of warm weather there will undoubtedly be | heavy shrinkage in yields. PROFIT IS LARGER. NEW YORK, August 2 (®).—Net| profit of §1,215,022, after charges and taxes, was reported by Commercis Solvents Corporation for the first. of the year, against $688,312 in the same time last year. Second quart net was $688,923, compared with $526, 099 in the preceding three months, | and §366,422 in the second quarter of | 1926. - NEW YORK MARKETS. NEW YORK, August 2 (#).—Flour barely® steady; Spring patents, 7.25a 7.60. Rye barely steady; No. 2 West- | ern, 1.07% f.o.b. New York and 1.05 .f. export. Barley steady; malting, New York. Wheat futures barely steady; domestic Sep- tember, 1.39%; December, 1.42%; other articles unchanged. BOOKINGS SMALLER. NEW YORK, August 2 (P).—Book- ings of the Westinghouse Electric Co. for the quarter ended June 30 were $40,750,670, as against $50,914,572 in the preceding quarter and $44,862,357 for the same quarter last year. o= SILVER QUOTATIONS. NEW YORK, August 2 (P).—Bar dolars, 42%- - sliven, 86 Mexioan Money to Loan Secured by first deed of trust on ren Brovaling interest. and. commiasion " Joseph 1. Weller 438 Woib. LT OWN YOUR OWN BUSINESS! For 2 man under 40, a “seif- starter,” with sales ability and $1.000 capital there is a special opportunity now developing to make $4,000 to $10,000 per year within a short time and pos- sibly much more. Interviews by appointment onl Telephone Mr Choate. Main 8740, Mutual ‘Benefit Life Insurance Co. “The leading annual dividend company” Loans Mohey to loan on Im- proved Real Estate in the National' Capitalst Appli= cations confidential. Prompt Service Interest Rates 55 & 67 Mortgage Department SHANNON & LUCH S OFFICE SPACE SAUL BUILDING 925 15th St. N.W. Abundant light and air. Ex- cellent service. Several desir- able rooms or suites. Unex- celled location. Modern eleva- tor building. Rents Recently Adjusted B. F. Saul Co. 925 15th St. N.W. Main 2100 LOANS on RESIDENCES APARTMENT HOUSES BUSINESS PROPERTIES In Washington or Nearby Maryland, in Large or Small Amounts at 5%%% WM. H. SAUNDERS C0., INC. 1433 K St. N.W. Main 1016-17 Loan Correspondent Provident Mutual Life Insurance Company ' Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits * Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER. President Capital $1,000,000.00 E XCEPTIONAL downtown location in a section which is rapidly becoming an active community of substantial bu s in ess houses. The property has a frontage of 56 feet ' with a depth of 153 feet to a 30-foot alley. The present low price of $3.00 per foot makes this doubly at- tractive whether util- ized for your own busi- ness sitg or held for speculation. Business Location Dept. Realtors 1435 K Street N.W. Main 2345,