Evening Star Newspaper, August 3, 1927, Page 10

10 “%° BONDS HAVE RALLY AFTER EARLY DROP General List Continues Rise in Face of Coolidge’s Announcement. cial Dispatch to The St NEW YORK, August 3 a limited number of sj sues, the hond market w tected today by the break in stocks. | Bonds that follow money ntes and the technical market conditions con- tinued to advance and the general average showed a gain of about half point compared with a week ago. One of the conspicuous features of the bond trading recently has heen the manner in which a number of | second and third grade issues have been influenced by the strength of stocks. Today many of these bonds experienced a weak period during the morning, when the liquidation was most severe. Later they rallied near- W to the level of vesterday's closing and in_the afternoon several were distinetly strong. Erie Bonds Off. convertible “D"” 4's were off | two points, Brooklyn Union | over two, J. Keyser 51z's about point, Chies n Ilinois refunding 5's quarter and the St. Paul 4% and §'s quite large | fractions | The effect of this was to restrict dealings for a while in the speculative | department of the market, though it did not lead to any important pri concessions. As matter of fac there was more interest in tomorro action of the Federal Reserve dis- count rate than in the Coolidge state- ment. Moderate strength was displayed by { several hij ade issues, like those of | Northern Great Northern, Southern (Pacific, New York Central, Tlinois Central and Union_Pacific companies, Te: Pacifiec, Missouri Pacific. Terminal 5%s advanced a full point. Inasmuch as the newer 412 per cent bonds return a greater in- come at the present level than the ©ld 4 per cent issues. there was a dis- tinct preference for them. Government Issues Quiet. United States Government honds were quiet with a steady tone for the Jong maturities. g The feature of the foreign groups was the rise in French City 6s to par. This established them at a level to- ward which they have been moving steadily for over a vear. Seine Ts are up a point since last week. French government 8s duplicated their previ- ous high above 111. All of the Japanese government and municipals were s::“z?g‘ City of Rome and City ‘:;‘e) more ac\ii\'e and ll‘flghe!‘ than they have been in some time. Liquidation in Brooklyn Manhattan Transit 6s was a feature of the trac- tion group. WHEAT HOLDS STEADY IN TODAY’S DEALINGS ‘Coolidge’s Stand on Third Term Has No Apparent Effect on Grain Prices. By the Associated Press. CHICAGO, I, August 3.—In the face of price breaks in stocks and cot- ton, grain markets displayed unusual steadiness early today. ~President Coolidge’s announcement had no ap- parent effect on cereals or provisions, 201 the pits presenting a humdrum ap- pearance, with price changes only fractional. Opening unchanged to 5% off, wheat later showed a slight rally. Corn was firm, starting half cent off to one-quarter up and later showing a small general advance. Oats sagged o little. Provisions were easy. Grain traders eagerly discussed po- litical aspects of President Coolidge’s announcement, but were about unani- mous in expressing the view that in this case his action or that of the stock market should have no special influence on grain prices. Meanwhile uncertainties regarding black rust and frost in Spring crop territory operated as a strengthening factor inthe wheat market. Cool weather over the corn belt gave an upward trend to the corn prices. Comprehensive advices at hand indi- cated that late planted corn is not progressing as it should to make an average yield before the usual date of frost. —— . PROFIT DECREASES. NEW YORK, August 3 (P.—The YLouisiana Oil & Refining Corporation’s consolidated net profit for the first half was $261.563, equal to 11 cents a share on 1,140,063 shares of common. against $1,103,63) for the period last vear. Net loss for the June quarter was $33,3 against net profit of $294,- 896 for the preceding quarter. R w FINANCIAL, UN Lib3ys... Lib 18t 4% Lib2d4%s. Lib3d 4%s. Lib 4th 4% s US3% 43-47 US3Ks... US4s 1944, US4ysse 5 Argentine 53 Argentine 6s u69. 1 | Argentine 6s Octs 16 Argentine s A... b Argentine 8s B... Australian 5 Austria 7s.. Bank of Chile Belgium 6s. Belgium 6% Chile 7s 1948. Chile 8s 1941 Con Pow Jap: Czecho 8s195 Czecho 8sb2.. Danish Munte Danish Munie Dutch East | 6 El Salvador 8s Finland 7s.... German El P 6% German 7s. German Aer Bi Marseflle 6s. Nord 6%s Norway § Norway 6s 1 of Milan 6%s | Queenslan Rhinelbe Un 7s. Rio de Jan 8s 1! Sao Paulo City Sao Paulo 8s 193 Sao Paulo 1950, Sweden 5%s. Swiss Confed Utd Kingm 5% Uruguay 8s Yokohama 6s. Am Cotton O11 Am Repub deb Am Smit& R AmT&Teltr AmT&Tecltr Anaconda cv d AndesCop deb Atlantic Refin Barnsdall Bell Tel Pa Bklyn Unlon Humble O & R Tllino!s Bell 1st Inter Paper cv (Sales Canada 5s 1931, Canada 63 1953.... Canada 5%s1929.. Copenhagen 5%s. . DEI5%s Mch53. Finland s £ 6s 45 Ger Gen Elec 7s. Mexico 4s 10 asntd. Montevideo 7s. ... Netherlands 6s 54.. Norway 6s 1944. Norway 6s 1952. Orient Dev deb 6s.. Paris-Ly-Med 6 Parls-Ly-Med 7s. Parls Orleans 7; Toho Elec Pow Utd Steam Corp 6s. 15 Am Sugar ref 6s, AmT& T sf 5s. Am T & T deb 5%s. Am Water Wks §s. Am Writing Pap 65121 Anaconda 1st 6: Armour&Co 4%s39 4 Armour Del 5%s.. 1 %! Central Leather ConGasNY 5% Consumers Pow 58 39 Int Mer Marine 6: Int Paper 68 47 B ITED STATES. tn $1%0.) Sales. Higk. Low Close. 9 100 30 100 27 100 30 168 1038 1035 1038 55 10010 1009 100 10 221613 1012 1012 69 104 10329 10331 13 100 17 100 16 100 16 31 10521 10520 105 21 25 108 18 108 18 108 18 21 11316 11315 11353 FOREIGN. les. High. Low. Cl: 9% 9% 93 9% 100 9914 99 a9ty 100 100 99% 994 98 084 | 102% 1034 | " 4w 98 981 | 101% 101% 105% 105% 108 1041 1315 131 109 109 103% 104 99% 100 9l 9% 951 954 1064 106% 101% 101% 105% 105% 101% 101% 101% 101% 10815 108% 974 98 10015 100% 107% 107% | 107 107 e mo1 102% 102% 104% 104% 10815 1081 o5 95 | 1004 1001 | 103% 103% 105 105 12% 11°% 1n oI 9TY 97U 107107 100% 101 104'4 105 95 95 100 100 % 100% 100% 1021 10214 94% 943 9% 95 0% 90% 101% 101% 99% 99% 99% 99% 21% 21% 1013 101% 103 103% 9T% 9T 10015 100t 102% 1024 1021 1021 10215 102% 941 94y 91 94 10015 100% i 100 100% g% &1 | 9R% 9% 105% 105% 7 116% 116% 105% 105% 10415 104% 104% 104% 90 90% 112% 112% 106'% 106% 6% 9519 106% 101% 105 101% 101% i s A 8= B, 0 PrumaSaantewan ol = 62, 48 B 1% 9 97% eees 127 107% nk 78 9 954 0% 1014 100 100 21% 101% 103% 977% 100% . 102% 10215 9486, Saxon (PW) 7s. 5T 97'% 104% 1018 113% 113% 97% 9 104% 104% 93% 93% 1 111% 111% 111% 61 9% 93% 9% s 37 ‘MISCELLANEOUS. Am Agri Chem 7% : 101% 101% 101% 93 97% 98 99% 9915 995 102 101% 102 104% 104% 104% 991 99% 99% 104% 104% 108% 103% 103% 1034 | 1074 107% 107% | 99% 994 99% 9 8% 91%| 104% 108 104% 108 107% 1074 106 105% 106 o 90 90 X9% 89 8O% 101 100% 101 99% 93 99 1015 104% 104% | 105% 105% 105% 100% 100% 100% 102'% 102 102 100% 100% 100% 102% 103% 103% 220 212% 218 104 104 104 106% 108 106% 1031 1034 103'% 98 93 671 6% “66% | 108% 10315 108% | RR R7% RTY% 95% 95% 106 10515 105 105% 105% 105% 110% 1105 110% 107 107 107 120% 120% 120% 103 1024 103 102 102 102 102% 102% 102% 104% 104% 104% 100 100 100 100% 100 100% 102' 102% 102% b 1 7843 21 5s. »sBRomm0nn 5%s t Bs. Bahlen 99, | { e Sales. High. Low. B&Orfimp8 13 110% 110 B&O PLEWY ds.. 1 9414 94% B&OSW6s60.... 11 107% 1035 B & O Toledo 4 13 86 85'4 Bklyn Manhat 6 7 96% 95% Canada South 5s, 2107 106% Can Nat 418 30 11001 Canad North 7s 1115 ad Pac deb 4 36 Can Pac4%s46... 12 984 Car Clinch & O 5s., 14 103 Central Pacific 4s., Cent Pao 1st 68 90. | ChesaCorp 6s w1 4 2 : 3 | Ches&Ocveys.. Ches & O gn 414s.. ChiB& Q1strfbs, CB&Q-Tll dlvds. Chi & E Il gn 58 51 Chi Gt West 48 69, CM&StP4s25... 2 C M&StP 43 25 cfs. CMQ&StP deb 4s ofs CM&StPgn8y CM&StPeval CM&SPcvalszefs 73 CM&StPrfals. 7 CM&SPrf4%sef 20 CM&StPovbs... 15 CM&SP ev s cfs 14 26 Chi NW 43s 2037.. Chi & NW ref bs... Chi & NW 7s ChiR1&Prf 4 Chi T H 1ne 6s Chi Union Sta 5s Chi Union Sta 6%s. Chi & W Ind cn 4s. C& WI5%s62, CCC & St L 5s. C&Sist4s29., Cuba R R 5s. Del & Hud 1st rf 4s Del & Hud cv b8 35 25 141t Den&RioGends, 1 91 D Rio G West 5s.,. 48 875 Erle 1st cons 4. 41y Erle gen 4s. Erle conv 4s Erle conv 4s B, Erlaconv4sD.. { Erfecvt 5s 67 wi Erfe (Pa) cit tr 4s. Great North §s. Great North 5% Gr Nor gen 7s Green B& W db B. HavElIRy§%s51. 7 87% Hud & Man ref 6s.. 16 100 Hud & Manaj 6s... 36 91% Il Cent 45 53...... 2 B88% 111 Cent 4% s 66 32 99 HIC-CStLjt4%s, 56 97% Int Rapld Tran6s. 5 7 Int Rap Tr s stpd Int Rap Tran 6s. Int Rap Tran 7s. Int RysC A §s72.. 9% 3 14% 1% 6 100% 35 91% 3 99% 24 98% 1 102% 8 1% 5 Kansas City 8 5s. . L &N 4%s2003. Man Ry 1st 90. Market St 7s 40 3 100 Mich Cendeb 4s29. 1 99% MIIEIRy & L5s61 8 100% M & St L 1st rf 4 2 M St P& SSMcen 4s 12 MStP&SSM5s38gtd 3 MStP&SSM6%s 2 100% MKE&TIistds.. 9 89 89 MEK&T4sB....oo 10 89% 89% MK & T adj bs. « 106 MK&Toprinbs A 103% MK&T6sC W 1031% Mo Pacific ges 771 99'5 99 100% Mo Pac 53 1965 Mo Pac 5s 77 rets N O T&M 5s C 1956. NOT&MG6%s. NYCrfima}s1s N YCentribs. N Y Cent LS cl3%s NYC&StLdb4s.. NYChi&StL 6%sA. NYChi&StL 6%sB. NYC&StL6sA.. New Havencd 6s.. N Hav&H clt 6s 40, N Y Ont W 1st NY O&W gen 4s 5| N Y Rys 6s 85, N Y State Ry 4% N Y W & Bos 4% 10 82% Nor & S gen 58 54 5 9%% Norfolk & W cn 4s. 10 97 Nor Pac 3s 2047... 28 67% Northern Pac 4 2 9% Nor Pac 4% 20 50 101 Northern Pacr1 16 115 Ore Short L rfs 4s. 54 99% Ore Wash 1st 4; 1 90% 12 102 3 109% 3 104 11112 24 106'% 1 103% 11 105% 103% 105% Peo & E 1st 48 40.. Pere Maraq 1st bs Port RL&P T%s 46 Reading gen 4%s.. RIo G West ¢l 48 RIArk&L 4% St L IM&S R&G 48 StL&SFpl4sA. StL&SFprinbs. StL &S FadjSs.. StL &S FiInc 6s. StL&SFpl6 StLS W 1st StL S Weon Seab A L ref Seab A L ad) Seab A L con SBAll Fla 6s35A Sou Pacific cit 4s.. Sou Pacific ref 4s. Close. | 110% 941 103% 85ty 95% 106% 100 115 8574 9214 103 o 3 1031 97 100 aRy, | 105% 110% 1145% 2913 BTl 103% 105% 100% 106% 82 98% 107 106% 103 110% 104% 3 6% 21 56 82% 935 97 6T% 94a 101 115 994 90" 101% 109% 103% 112 FOLLOWING BREAK Most Stocks Retrace Losses Due to Bombshell of Cool- idge Stand. BY WILLIAM F. HEFFERNAN. Special Dispateh to The Star. NEW YORK, August 3.—The formal announcement of President Coolidge that he did not choose to run for | President in 1928 threw a bombshell into the Curb Market today. The cam- paign for higher prices, which had been in progress for several months, had placed the market in a highly vul- ble position. Overnight selling or- crs came into the market in enough volume, with the result that the first hour's trading was the most exciting in_ many months. Prices broke from 1 to more than 3 points in the industrial favorites, and in one or two isolated instances as much as 7 points, before there was any s | semblance of support. But what was even more significant than the opening break was the man ner in which the market rallied after the initial outburst of selling had run its course. The sharp reaction was what the short interest had been hop ing for, and it hurried to take advan ge of it. The result was an abrupt reversal of the general trend, and it was a question whether any great amount of actual profit had been con short side. roceries opened un 4015 and subsequently The initial loss in Metr mounted to 4 hoa good part of it i Singer Manuf at one time was selling 7 points helow vesterday's final. The decline in St. Regis Paper extended to 2 points. Johns Manville, after rding a loss of almost 3 points, regained more than half the decline. Kord Motors of Canada dropped 4 points. Good ear, after losing more than 2 points, ecovered practically all of the decline, United Gas and Improvement dropped 5 points, only to make up the loss ater. Stocks which had done little in the recent campaign for higher prices were not so much affected, This was particularly true of the oil shares. A number of the better grade oils were actually in better demand than they had been. Standard Oil of Indiana gained more than 2 points and Humble Oil almost a point. Prairie Pipe, after losing a point, recovered more than the decline. Vacuum Oil was an ex- ception and shared in the weakness. . COTTON HAS BREAK ON POLITICAL NEWS Coolidge Choice Unsettles Market—Prices Steady After Early Drop. changed reached By the Associated Press. NEW YORK, August 3.—A sharp break occurred in the cotton market here at the opening today. An unex- pectedly severe decline in Liverpool, which some traders attributed, in part. to the unsettling influence of President Coolidge’s announcement on senti- ment, was followed by a break.of 46 to 52 points at the start of trading here, with December selling off to 17.57 under heavy general liquidation. This represented a decline of approx- imately 172 points from the recent high level, and, after the first rush of selling subsided, prices steadied on covering and trade buying. By the end of the first hour December was selling at 17.77, or about 20 points up from the lowest, with ‘the general list showing net declines of 30 to 34 points. = Private cables reported heavy liqui- dation and hedge selling in Liverpool. The volume of business tapered off after the heavy initial selling orders were absorbed and the market rallied 20 or 25 points from the lowest on trade buying and covering. The tone, however, remained more or less un- settled, and the bulges brought out a renewal of liquidation, or selling, which became more active after the publication of the weekly report of the Weather Bureau. At midday De- cember was selling around 17.63, or within 7 points of the early low level, and the general list showed net de- clines of about 42 to 46 points. New Orleans Market. NEW ORLEANS, August 3 (#).— The cotton market here today got away to an unsteady opening due to Liverpool coming in lower than due and better weather conditions in *he helt. ~ First trades showed a loss of 37 to 40 points. Prices continued b low yesterday's close. Trade buying later, however, came into the market cturing | Sales in hundreds. Alb el Alb Pick Ba lam Co n.... Alum Co n pf i Rayon Prod Rolling M Ren pf. 3 Superp 1st p! u 5 Bohn Alum 1 Brill Corp A 2 Dochler Die € ¢ I Dominion St Ltd Donnel StI p pi. Dubilier € & R or: d han Theaters A Fran H H Mfg reed Fisem R by Ch; 128 Jol 8 Jo 1 Kawneer 31 Kruskal & 4L Tor St 2 Land_ Co Mot 7 Rep Ma 7 Rich " R: 41 Sanitary 1 Selfridee Pr S 2 Serv El C 13 Toh Prod EXpe &6 Trumbull_Steel o1 Tub Art 8 B v i r vie At Water Mot Co Can Co A i 13 Truscon St _pf X Low @ ke ‘E ' Pitts Ser & Bolt 421, hoC 30 2 foo ot Tric vie Following is the list of bonds and stocks traded in on the New York Curb Market today: INDUSTRIAL High Closing PR v R THE EVENING STAR. WASHINGTON, D.” C.” WEDNESDAY, AUGUST [oxwew v BONDS sroxxemavee] | (JRB SHARES RISE, Received by Private.Wirs Direct to The Star Offica. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office 450 Prairie 200 South 388008 O Indiana 1008 O Kentucky 608 O Ohio pf 1000 Vacuum 01l Sales BONDS. in’ thousands, 1Alied Pk e 15 A Am s 1 7 Am Gas & EI (s 10 14 Am Pow & L 6« 2 Am Rad 4lak.. . Brun T & n Nat Ry & e aro P 5 e 081 i SA o0 N8 D000 Biia i t B at PS Gls A100% ebr Pow 65 A. 1 ic & Shep Gs. . Nor St 3 ¥ 1 11 Phi E P 2 Phila Ray 30 Philiips Be 514 " Por Rican To X Potomae Ed 5s E 50 Pu Ser E&G N1 10 Pu 0il Co 67 1 100 & L b5s 06 2 Trans Lux G155 100 19 Transcont 0il 7s. 116 4Unt Ind 6las.. . 041 2 Uni R of H s R =S RS RS - o e 253853 Re 555102 A i o s s _ww 10010 WEO&R5%s 061, Salesin FOREIGN BONDS. thousands. 10 Ber C E 6 16 Brisbane 5 '3 7 Buenos A 78 8 Ger Cons Mu 1 Hamburg E 4 Hamburg St Gs. 961, 6Ind M B Fnld 7a 1410’, 10 Isarco Hyd E 73 0314 s . X6 ww 101 3 le 6s in 88 103 ani Medellin 7s 0215 i1i, 78 098 # Rio Grande 74 88 07 1 Rio Grande 7s '67 967% 3 Santa Fe City 78 93 ax & M 170 3 B, 88 s DRt 3 Stinnes H 75 '36 9814 40 Uni B Ser 74 o) i Serv 7 *Ex-dividend. —_— WILL REORGANIZE LINES. The Shipping Board has approved the separation of the American Pre- mier Line and the American Dixie Line from the United Gulf Steamship Co., which has been operating them. The two lines at present operate fleets of 10 and 21 ships, respectively, oper- ating from gulf ports. These will be reassigned by the Merchant Fleet Corporation, with the approval of the Shipping Board, in such proportions as the trade from their respective ports of operation shall warrant. 101 961 WOOL MARKET FIRM. BOSTON, August 3 (Special).—The “ FINANCIAL.. PAPER ork. June Promot Aetion |First Mortgage Loans Lowest Rates of Interest and Commission INTERNATIONAL COMPANY ow Y 29, (927, v eq nts (60¢) e Common ™ Stock | ot thin Jompany. payal s 3 Common Stockholders of r=cord of business August 1st. 192 Checks will be mailed. Transfer books will ot €lo® owEN SHEPHERD, Vice President ‘and Treasurer. o at the close Thomas J. Fisher & Company, Inc. The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved R * and Nearby S for 3, | Estate in the District of Columbia urbs in Montgomery County, Md,, or 10 year terms on your 5%% Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telepone Main 9700 Apartment Office Building Home Business Property Equitable Co-Operative Building Assn. JOHN J(‘]’r‘ga‘:‘;'lzf:l”l‘;fll;resme“t w .\l;_'l":’;lx_fi. P!RATT\.I i!r.. S?;"l;:tlry ...$5.171,451.83 ....$1,416,381.00 Assets Surplus . Subscriptions for the 93rd Issue of Stock Being Received Save With the Equitable Systematically $2.50 PER SHARE N/ Make up vour mind to save system- atically through the Equitable and stick to it. * Our plan has met with the hearty ap- proval of thousands of Washingtonians because it helps them to get ahead more quickly. Join today. 915 F Street APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgom- ery and Prince Georges Counties, Md. 5: % INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT Ghe PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Streat N.W. Main 6888 HEN you seek Investment Media for your Financial Surplus, look not for a bar- gain, or promised large returns, but look for a medium of invest- ment that assures Safety and un- questioned Value. There are no bargains in the Investment Field. First Mortgage Notes Secured by Improved Real Estate in the National Capital. 101% 101% 101% 112% 111% 111% 105% 105% 105% 108 108 108 101% 104% 104% 104% 104% 104% 97 W7. 87 116% 116% 116% 101% 101% 101% 104 104 104 104% 104% 104% 99% 93% 99 102% 102 85 85 103% 103% 103% 115% 115% 115% Inter Paper fd IntT&T6% an G & EI 6 Kelly-Spring Laclede G 5%s 62. Liggett & Myers 58 Lorillard (P) bs... Lorillard (P) 7s... Louisv G & E 5852 Manat! Sug sf 7%s Mid-Con 6% 40... Midvale Steel 68, Montana Pow 6s. Mor's & SouPac 4%38A 77 Sou Ry gen 48..... 2 Sou Ry Con 53 94.. Southern Ry 6%s.. TexArk FS 5%s 50. BROWN IS OPTIMISTIC. NEW YORK, August 3 (#).—E. N. Brown, executive committee chairman of the Chicago, Rock Island & Pacific Railroad, looks for the last half of the vear to be “very good.” “I thi wWill be quite as good as last vear. said, “but that may be influenced either way by the crop situation. Crops are spotty, but taken as a whole they are quite satisfactory. MARMON PROFIT. - i Colst4%s YORK, August 3 (P).—The |N I Edison :::: Marmon Motor Co. had a net profit of | NYG a.;.nH&P 5 $1,239,532 for the vear ended July 2.| g;-m b equal after preferred dividends to $5.84 | N Y Tel 65 .‘.. a share on 200000 shares of common, | N Y Tel 63 ‘,: against $1,669,800, or $11.10 a share, | © % 00 s °r gy on _Hi 000 shares of common the pre- Nor States Pow 6s. g Pac Gas & ElI b Pan-Amer Pe | PhilaCort 6 | Plerce-Arrow 8s 1 West Aut Sp pfd 1 Westingh Air B n 3 Wess O & Sn vie 571 3 Wees 0 & Sn pfd 100 TWh S M debrts 13% 3 MINING STOCKS. 26% 1034 wool market in general was firm to- day with more dealers disposed to hold out for advanced asking prices. Medium_territory wools ares moving most rapidly at the present. Fine ter- ritory was ‘quoted today at 1.10a1.12 clean basis, French combing at 1.05a 1.08, half blood at 1.00a1.05, three- eighths blood at 90a92 and quarter blood at 80a82. Ohio grade fleeces were quoted at 45a46 grease basis for fine delaine, with half blood at 44%a 45, three-eighths blood at 44a45 and quarter blood at 44a45. Texas 12 months wools were quoted at 1.10a1.12 and eight months at 90a92. S g and prices rallied 24 points from the lows. SHANNON:8;LUCHS 1435 K STREET N. W MSPHERSON SQUARE, NORTH FOREIGN EXCHANGE. Texas & Paclific 1st (Quotations furnished by W. B. Hibbs & Co.) Tex& Pacos 1 rts i Nominal Selling checks Third Av ret 4s 60. iy ' vallie: fay. T Areatilina05 68 #Efir":":'r:p‘m’: o Tol Tr L&P 6%s30 5 100% Bruesels, Unfon Pac 1st 4s.. 5 97% Eome: Zurich. Athens, Madrid Yitnna ¢ Budap 'st. | sales in bundreds. 4'Anglo Chil C N 10 Beaver Cons.... 10 Bunker Hill. ' 30 Calumet & E 1 Cons Cop ines. 0 Eureka _Croesus. 270 Golden State. ... .00 10 Goldfil " C 10 Hawthorne 3 Heela Min..... 1 Hollinger 17 20 Kirkland 1.’ Gold @ Mason Val'.... e msal nan R AN R AR NREREN AR e S - ® Union Pac cv Virginia Ry 1st 68, 876 B FIRST MORTGAGES NEW Piagiie, o e Socknion erow BUTTER IS STEADY. NEW YORK, August 3 (P).—Butter steady; receipts, 19,384 tubs; cream- FEDERAL LAND BANK BONDS. ery, extras (92 score), 40%. Eggs firm, (Quoted by Alex. Brown & Sons. Closing.) receipts, 19,602 cases; fresh gathered, A R L 1 Tec . firsts, 1713a29; fresh gathered, 5 10335 ‘1o i a26%;; nearby hennery whites, selected extras, 38a4l; nearby browns, extras 33a38.” Cheese v; receipts, 324,722 pkgs; State, whole ' milk, flats, fresh, fancy to fancy special, 24153261 milk, flats, held, Pacificbs. 5 99% WisCengn4s49... 2 80% . TREASURY CERTIFICATES. (.teported by J. & W. Seligman & Co.) Rate-—Maturity. id. Offer. Sept. Sept. Dec. 15 March March 110% 110 80% 80% 9% 9T 106% 106 106% 101% 10115 101 102% 102% 102% 104% 104% 104% 951 917 9 it 10 108 BETTER SECURITY —cannot be asked than desir- ably located, improved property in the District of Columbia. Such is the security back of our 6% FIRST MORTGAGES NEW YORK MARKETS. SW YORK, August 3 (P).—Flour | 5 S se lioe hts, | punta Alegre 7s. 590 | Remington Arms 4 | Sinclair O1l 68 (| Stnetair O11 8% | Sinclair O11 78! Maturity. 104 ern, 1.0715 f. . i 1. export. ing, 881 c. i middlewest, 1 i opened stead September, | 1.3%. Other articles unch TIMKEN PROFIT UP. NEW YORK, August ]’i ) el rofit of Timken Roller Bearing Co. Tor the first half of 1926, after charges. . 8 amounted to $5,406,834, equal to $4.50 | U S Steel sf 58 a share, of capital stock outstanding, ‘ Utah Pow & Lt 58. compared with $4.803.490, or $4.08 « | Utan Pow & Lt o8 share, in the same period last year. Rumors of merger megotiations were denied by company officials. . NEISNER SALES GAIN. NEW YORK, August 3 (#).—! mer Bros. report les for the geven months of 1927 of $3,098, against $1,%15,310 for the period year. LEAD PRICE BOOSTED. NEW YORK. August 3 (#).—The American Smelting and Refining Co. nced the price of lead from Sin Pipe Line &s So Por Rico Sug 7 | Southwest Bell 5s. . | Standard Ofl N J 58 | Sug East Orlent 7s 110 104 104 104 102 102 102 100% 100% 100% | 107 1061 10518 | 108'% 108 108 9% 914 9% 105 105 105 108% 10815 10%% 99% 99% 9% 99% 99% 99% 911 9l 91 1074 107 107% 10:% 4 111% 103% 103 1054 132 -132 132 102% 102% (02% 100 100% 100% 1065 106 106 104% 105 110 A Third of a Century Without a Loss 9 105 % And when you are assured that the value of the security is in all cases about twice the amount of your investment, you will understand at once the ab- solute safety of your principal and the absolute certainty of your earnings. B. F. SAUL CO. Main 2100 925 15th St. N.W. et n Simon pf nAsphalt pi McCrory Sts €1 Maytag Co. 1 90 1 1 P BIG FIRM FORMED. DOVER, Del, August 3 (#).—The Corporation Trust Co. has placed on file with the Secretary of State a cer- tificate of incorporation of the Stand- ard Shipping Co., with capitalization of $40,000,000, consisting of 400,000 | shares of par value of $100 each. [E—— RUBBER ADVANCES. NEW YORK, August 3 (Special).— Crude rukber, smoked ribbed sheets, advanced 1 at today's noon quota- tion of 35,. This compared with 35% a month ago and 39% a year ago. —_— @ SEAE EYUEPN=IOPS - SRR ~do 7Te Purity *Bal 1B do ‘vt Timken Roli ‘Béar. Union “Tank Cnited Drug o 1st p aum Oii o Warner Sug 78 39.. | Warner Sug | West Elec b8, | Westn Unton Westinghouss White Sew Mch 6 Willys-Ov 6148 33. Wilson & Co 1=t fs. Winchester A Tls. | Youngstn S&T 6s.. 10 105 | RAILROAD. | Ann Arbor 4s. 1 83 | Atcnison gen 4s 2 95 August 3 (Special).— AtlanC L 4%s8 15 93 9 9 s market continued | g & O Gold 4s.. 12 95 94% 95 quiet today as print cloth prices drop- | B&Oov 4%s.. T4 994 98'a 98T ved off o at 87y for 63x72's. The | B&Oret b8 11 103% 103% 103% standard 64x60°s were unchanged ai | B &0 532000 D 5 10858 1031 1034 7%. Raw #ilks were quiet af Un-'B&O 1stbact.... 5 107 107 107 chapged prices. - ne . B&OG,, 1o 16 103% 103% 1034 e Rere Nov, Sep 2 Sep 20 is —_— POTATO MARKET STRONG. CHICAGO, 111, August 3 (#).—Pota- | toes—Receipts, 62 cars; on track, 122; total United States shipments, : ling good. market strong; V cobblers, 3.8524.10 sacked Irish ar T. & R. 58 1928 . 3, iershey Choc. Co. bl4s 1940 Humble Oil 513s 1032 ... Mass' Gas. Co. 5lqs 104600 New Yark Tei 65 1041700 gon Short Line 4a 1695 O 1933 DRY GOODS QUIET. NEW YORE The cotton g bha nsas and cobblers, 1 SILVER QUOTATIONS. EW YORK, August fl (#).—Bar Ivgr 5%; Mexican dollags, 41%. 1. Pac. td. il of O Cant ol n CALL MONEY STEADY. 4800 Hum_0il 8% | NEW YORK, August 3 (M.—Call 403 | money, steady; all loans, 4: closing :‘5% bid, 4; time loans, steady; mixed col- lateral, 60-90 days, 4%4a4% i%atl 0 43: rcan ,M* ‘.MK- 16% 54 8014 50 30 kY. \ 60 8 g 0. B, S. Rubber 7158 1930 S. Smelting Co Vheeding Suel C. & —— 200 Ohio Oil 00 Penn Mex 200 Prair