Evening Star Newspaper, July 3, 1928, Page 12

LISTSTAGESRALLY | ~ ONCURB EXCHANGE Market Cgmparatively Quiet. Noranda Mines Is Outstand- ing Feature. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star NEW YORK, July 3. — Following closely the trend of prices on the Stock Exchange, the main body of stocks on the Curb Market displayed rallying tendencies throughout today’s session. Sales in hundreds. However, it was another period of com- parative quiet, with the speculative ele- | ment inclined to wait until after the | July 4 holiday before renewing opera- | tions on an active scale 1 Noranda Mines was again one of the | outstanding favorites, crossing 49 to | another new high record. There was nothing that was not already known to account for its strength. but the manner in which the stock was taken | indicated that prominent interests | were in the market endeavoring to ob- | tam a substantial amount of the issuc Newmont crossed 160 for a gain of | more than 2 points. Because of (he | opposition voiced by stockholders of | United Verde Extension Mining it was announced that Newmont had re- | linquished its option to acquire prop- erties of the former company Bancitaly Corporation fluctuated over | » range of approximately 5 points. | opening down rather sharply, then re- | tracing more than the early loss. Au-| burn was prominent among the motors. reflecting its strong financial position and increased earnings. Operations for § the rise got under way again in Checker Cab, carrying it to a high for the year | above 34 Oils were led by Vacuum. It wa nounced that the option for merg with the Midway Oil & Storage Co.| had expired a week ago, and that there was no likelihood of a consolidation of the two companies. Public utilities were taken up again. with special buying in evidence ! American Superpower issues and Elec- | tric Bond & Share securities. Puget | Sound Power & Light. having absorbed profit taking following its recent up- turn. was bid up 5 points to $86. Special weakness developed in Wes- son Oil and Snowdrift. carrying the price down almost 4 points, although the loss was more than retraced in the Jater trading. Axton Fisher Tobacco *A” dropped sharply to a new low since listing. Its action appeared to indicate that support had been withdrawn from the market. Lackey Foundries. selling ex the 20 per cent stock dividend, changed hands around 31, off 5 points. n- Baltimore Markets BALTIMORE, July 3 (Special)— Poultry—Spring chickens, pound. 38a 40; small, 30a36; Leghorns, 22a30; old hens, 18a26: poor and thin, 17al18; old | roosters, 14a16; ducks, 23a25; poor and thin, 20; old, 15a20; pigeons, pair, Eggs.—Receipts, 863 cases; native and nearby current receipts in free cases, 25a28: firsts, s Butter—Good to fancy creamery, pound, 44'-a47; prints. 47a49: blocks, 46a48: ladles. 36a38: store packed, 31; process, 40a4l. Country Produce. Potatoes, white, 10 pounds, 1.00; new 1.50a1.75; Hay and Grain Prices. ‘Wheat—No. 2 red Winter, domestic, ; No. 3 red Winter, gar- July delivery, 1.46%%; August delivery, 1.46 bid. nearby , per barrel. white, domestic, old, 772 nominal. Oats—No. 2 #78; No. 3, domestic, old, 7612a77. Rye—Ni . CHILDREN TO PARADE. Patriotic Celebration Arranged for Lyon Park, Va. Special Dispatch to The Star. LYON PARK, Va. July 3.—Arrange- ments for the Pourth of July celebration tiee end Girl Scout troop. The program will open with & children’s parade, partici- pants carrying American flags. The parade will start at the Community House, move east on Pershing drive to ‘Walnut street, return to Fort avenue, move west to Spruce street and south to the Community House. Athletic events, including potato race for girls, sack race for boys, candle race for girls, boys' tug-of-war, girls' top-spinning contest and boys’ broad jump, will be staged in the morning. A recess for an hour for picnic dinner will be taken, Received by Private Wire Following is & list of stocks and bonds traded in on the New York Curb Market today: INDUSTRIALS High. Low. Close. 6§ Adams Millis 25', 25'a 28's 1 Aero Sup Mf B 25 e Bl 5 Allison Dr A, 8 14% 16 § Albha Port_Cem TN 4T 4T 27 Am & For Pow war. 173, 16% 173 Am & For Pow 1 pid 100 100 = 100 4Am Cyanamid B 103% 103% 103% 5 Amer Dept Stores... 30% 20 20 8 Amer (‘}nx El 161% 160 160 Lt & Trac 221% 2321 221'% ayon Prod 18 18 18 Roll Mjl . 0% 90 ol & em 2 8 & Cpold 3 States Sec A States Sec perp B 2 Amer Super 1 pfd 1Apco Mos Mf Co A 40 Atnold Com rts wi 7Asso Gas & 1At Foult & S las Pirw 1 a Co 115 on Pisher A 380 3 1 pid R SBul Niag & E P 13 Bu Niag & E P A Ma T ¢ Bullard 0 D parnation Milk Am 1Celan C Am 1 pfd.. § Celin Co n pid 5Cent Pub S A 1City Tee & Puel 21 Club Alum Uten & Consol Lqund & Cons Ret Strs 3 Copel Prod A 2 Cross Black .. a Tne X Crucibie 1 Doehler Die C € 1 Droper Corp 12 Dubilier C & R 3 Nuplan Sil 1 Dvpl: Kk ptd 2 Durant Mot 110 1% 1 991 102 2 Fiat NEW YORK CURB MARKET , ENT VG STAR, WASHINGTON. a Dy D. C. TUESDAY, JULY 1928. Direct to The Star Office 1008 O Ohio 1800 Vacuum Oil Sales in BONDS, thousands. 31 Ala Pow dlus 97 96l 97 3 Ala Pow 5 101101 ' 101 25 Allied Pack 65 44y, 41 2% 25 Allied Pack 8s 463, 43 4y 20 Alum_Co Amer 55 .0 101% 101 10{% 49 Am Gas & EI 85 971, 97 9702 17Am Nat Gas 6% 991, 99 99 33Am Pow & Li 65 ... 1073 10712 107% 18 Am Roll Ml 5s 961, 96V, 96! 1Am Sol 6t 105 * 105 * 105 4 Anaconda 6s A 100% 1004, 100! 34 Appal El Pow 55 9915 987, 99! 8ATK P & L 55 9915 9915 a9 997, 9 3Chi Art Ice 6s 1Chi Pneu Tool ,bias 20Cit Ser 8CIt Serv y 5. 2 R G & W5 B = 923, Salt Lake 65 8613 L 13Gen Ras_6s 90 ' 99 @ 30 Georgia Pow 55 100 9914 100 10Good T & R 55 '38, 0 993, 993, 0203, 2Gulf Oil Pen 5% :37100 ° 100 = 100 43Gult Oil Pen 5s '47100 100 100 5 Hood Rub 7§ 1007 100 o Houston Cll G 6i.s A Pow 55 e Pow 63 6 55 3 Inter 5 Interstat Ital Super Pow N L & P S Louls Pow & Lt 8s.. 1 Manitoba P 5125 Al 5 Mass Gas 5'as 40 Met Ed Co Pa 4! 1] Midwest Gas 3 Milwaukee Gas ¢ 101%a 101 101 1 Mont Lt Ht & P 55 A. 1007 1007 10075 3 Morris'& Co 7s..... 1013 10114 101% 20 Snider Pack 6s ... Am 55 A P A 11 Wheel Stl 4125 B ¥ 1 1 M 3 Metr: 1Met % 1 Mid 95 12 Mid 4 1243 1 Moh: 133, 38 Mol At 72 4 Nai 12 125 124 L4 e 38 38%: 107 107 2 270 10t 102 82% 827 122 122 Fid 37 82 14 New Eng Pow 113 N ¥ Tel Cg pid 5 Niles Bem Pnd § Noma s 1North Am Utility. 1 North_ Por 2 mps Prod A:1.ll 32 3 Timken Det Axle ... 13t 15% 15% 13 Transcon Air Trsp. 2¢'2 24'a 2 3 Trans Lux Fiel.. .. 3% 3% 3% Tviellll845 " 505 & 540 21% [ 2% 21% L) and special tables will be provided for Wota T s% this feature of the program 1 it et B In the afternoon there will be horse- | g .0 MINING S8TOCKS shoe contest for men and women, suit |in bundreds case races for men, women, boys and girls, newspaper race, lub race, ring &nd ball game, indoor base ball for men and women, relay races, three-legged race and a general pompom pullaway An elaborate display of fireworks will feature the evening, and the Com- munity House will be thrown open for| dancing until midnight. The com-| mitiee invites all the children of the | park to take part in the parade, and requests that they assemble at the Com- munity House promptly at 10 am. FRENCH FLEET IN REVIEW. | President Doumergue Will Inspect | 80 Warships. HAVRE, France, July 3 (®)—Eighty warships, the flower of France’s reor- ganized fieer of half a million tons were anchored in a double file extending 6 miles today for a presidential review President Doumergue came here 10 in- | spect the ships and naval seaplanes and 10 witness the sham battle at night by en illuminated fleet The demonstration is being given to stiract the attention of France and the world 1o the fact that the French navy has been modernized and is again sail- | ing all the seas and to restore French| prestige abroad | Taking 64 representative runs of rail- | ways in Europe, it has been figured | that the running times average four] snd three-quarter hours longer than before the World War, Bales in ) Hollinger 4 Hud Bay Min & Sm.. 2 Iron Cap Copper 1 New Cornelis 25 Newmont Mining . I Apex 3 Wenden Cop 13 Yukon Gold INDEPENDENT OIL STOCKS. Pinareds 10 Am Con HfldlL lz l: .83 3 Al Marscaibo Co. a Y 4 erv gy 684 o7 pia. 100 100Ys 100%, 2 Byna 1 “’; ' 4 Creote Byn T 2 Darby Pete 2% 22 1 Emuire G&F b pfd. 112 112 s altan Of"eor s 2Gulf Ol Pa 1247 124 i et 1 T ’;".r "1' 2 fll' il 2 ynd. a 3 ) 54 i s ount Prod B 1 New Bedford O xd. 4% 4% 2 New ex 1] 8 1 Nor "C'l\‘ ] X I;H 12 3 Pundem Ol 3 8 Pantpec Ol 100, 10, 12 Rejter-Foster Ol 8 s 8 8alt Ck_ Prod 21 27 110 Texon Oil & Lend 3 ’1. [3 Osage 1% 11% § Venerustan - pel 51 ‘v % Woodley Pet. 6. 6% STANDARD OLL ISSUES AND Bule: PORMER SUBSIDIARIES—BTOCKS. unit 100 Buckeye P L o 6 1200 Contl Ol 167 18% 100 Eureka P 1. 73" 1 100 Gal Bix_Oil 7 v, 0%, 60 Gas 8 0 ptd &', 8% b Sales FOREIGN BONDS. in thousands. 4Agri Mor Ba 75 '47. 99 98 98 2 Baden 1s.... 99 99 99 203 Berlin 6s’ 933, 923 93 1Berlin C E 6':3 '290. 100 ° 100 ~ 100 1Buenos Alres 10215 1021: 10213 3Com & Priv Bk 5iss 891 89 8913 2Cuba Co 68......... 97 91 97 1Cuban Tel 7iis Alll110 110 110 1; Cundin 68 93y 9315 9315 R ] 288228 223, 2 Sauds 102, 13 Stinnes H 75 '36 Wi 9405 6 Stinnes H 75 '46 wa 9% 1 Tyrol Hyd Elec Ts. .. 2Uni Elec 8erv 7s A 11 Uni Ind 6%s 15Uni Btl Wks 1 Vienna 6: 28 Warsaw .0 2 Westphal U B8 xd—Ex-dividend When issued —New. ww—With warrants. OPTION RELINQUISHED. Newmont-United Verde Deal Sale of Property Falls Through. NEW YORK, July 3 (P).—Newmont Mining Co. relinquished its option on the property of the United Verde Ex- tension Mining Co. at Jerome and Clem- enceau, *“Ariz., because of opposition of the extension stockholders to the terms % | of the proposed sale, it was learned to- y. The option, which expired yesterday, called for payment in 60,000 shares of Newmont stock on the basis of $175 a share, rather than cash, the Extension directors explaining that they believed this would be preferable to stockholders as the “Newmont stock represents prop- erty holdings which have a future spec- ulative value.” The closing price of New- mont stock on the New York Curb Market yesterday was $158.25. Newmont offered to make the consid- eration $10,500,000 in cash, and on that basis Extension officers agreed to extend the option to July 14, but this was re- jected by the Extension directors. WILLYS SHIPMENTS HEAVY. NEW YORK, July 3 (®P.— Willys Overland shipped more than 200,000 cars in the first half of 1928, against 171,743 for the entire year 1927. June shipments were best for any June, ex- ceeding the combined total for the same months of 1926 and 1927 BUILDING LIGHTER. NEW YORK, July 3 (#).—Contracts aggregating $137,132,600 on new build- ing and engineering work in 37 States 3% east of the Rocky Mountains were dis- tributed in the week June 23-29, a drop of 11 per cent from the preceding week, F. W. Dodge Corporation reports, the ear’s dally average to June 20 amount- ng to $22,451,000, compared with the dafly average of $20,836,000 in the first half of 1927, Last week's contract total included two $3,000,000 projects, a school in Chicago and & cold storage plant in 135 | Tampa, Fla COTTON GOODS QUIET. NEW YORK, July 3 (Special),—Cot- ton goods markets were quiel today Print cloths eased off Yy at 0 cents for 68x725 and remained unchanged at 8 cents for 64x60.. Raw sllks were un- changed In a quiet market, STEEL SCRA® LOWER. NEW YORK, July 3 (#),—Heavy melt- ing steel scrap Is 25 cents a ton lower in the Chicago district, consumer prices ranging from 12 to 1275, The buys ing senge for dealers is 12.00 to 12,50, COTTON GOES DOWN ON WEEVIL REPORT Weak Cables and Favorable Weath- er Also Contribute to Staple's Decline. By the Associated Press. NEW YORK, July 3.—The Cotton Market opened today at a decline of 14 to 26 points, but almost immediate- ly weakened further under heavy gen- eral liquidation or selling inspired by the bearish view of yesterday's boll weevil report, favorable weather ad- vices from the South and relatively weak Liverpool cables. Stop orders were uncovered on the decline, which carried the price of Oc- | tober off to 22.10, or 35 points net low- er and 77 points below the recent high level. Trade buying and covering at this figure steadied the market and caused rallies of a few points by the end of the first hour. Private cables said there had been local, Manchester and continental liquidation in Liverpool on the bearish weevil report and that cloth sales were only scattered, owing to distrust of current prices. ‘The decline extended to 22.02 for Oc- tober after the publication of the weather forecasts, which were consider- ed favorable. There was more trade buying on the break of about 40 to 43 points from yesterday's closing quota- tions, and the market steadied up later BETHOI.INB‘S follow-through stroke develops extra power and extra mileage —just as the follow-through stroke of the expert golfer develops the driving force that sends the ball soaring straight and far for breath-takingdrives. WHEAT SELLS DOWN IN TODAY’S DEALINGS Favorable Weather for Harvesting and Spring Crop Has Bear- h Reaction. By the Assoclated Press. CHICAGO, July 3.—Houses with both Northwest and Southwest connections took the selling side of the wheat mar- ket early today, and prices declined. Favorable weather was reported for the Winter wheat harvest and for progress of the Spring wheat crop. Opening 1 to %c lower, wheat suhseq&encly under- went an additional sag. rn and oats developed firmness, with corn starting 1, cent off to Y2 cent up, and later scoring gains, July delivery in particu- lar. Provisions were easy. Wheat closed irregular, %; cent net lower to % cent advance; corn, '2 cent to 21¢ cent up; oats, s cent off to % cent gain, and provisions varying from 2 cents decline to a rise of 20 cents. WHEAT- iy September December CORN July September December .. OATS—- July (old) .. July (new) Beplember December RYE-- uUns - well worth saying whenever you want ARROWROOT* We are careful to the point of —._fussiness in mak- ~ ing Arrowroot [= .’*{& . . | 745 Biscuits—because '§\\\l = ///ll §\\(}l/// Low. 1373 (newi ... July September December . ‘I,n fllll‘ év’mrnlng on covering. At mid- KA SIS O ) ay trading was quieter, with the active monihdowin ‘e Gecines of sowt| _POTATO MARKET DULL. i s £ ) ! 29 34 points CHICAGO, July 3 () (United States y — e Department .of Agriculture).—Potatoes e re or our REPORTS RECORD EARNINGS, | Recthis 1F it o ek 912, it NEW YORK, July 3 (P).—H. H. Brig- | v v et dull; Southern- b b ham, president of North American Car ‘;fii:‘%’,;;,,‘,.“;{,:"l ‘Z,‘;L‘; 2500 "&‘;{«“pi,“oikag a Corporation, informed stockholders that | a95: sacked Trish Cobblers, '90a1.00; rst_quarter earnings of the company's : JG I~ B e ey e O oau20: Dox WARNING ! —The great care we last v or any similar period. He | 1.50a1.90. . ' take in making these biscuits may be Tajor portion of the financial program DIVIDENDS. e et s e undertaken when stock was issued, new sildve: i equipment and reduction of fixed Corporation. record. Shages] [ R 8 oy 3 LA Do Gex @ 18y 3 3 OIL OUTPUT SMALLER. RN g Oy 1 NEW YORK, July 3 (%).—Domestic| b Bros \cit P 20 iy 10 il .—Domes P08 s r e B8 : production of trude petroleum will fail | National Libef(y . s-a 5t July 18 July 3 at least l'.‘o,ooo.ooo bartels under the | pespies Five. . SE B 18 3 27 total if present pro-rations and veais oo.. 0% 8% July 18 3 shut-ins continued, Oil, Paint and Drug | §a}t Greek Frod ;. ; } !;epor;,\cr says. Average dlflytprodéx;non e b for the half year was estimat at| Do. ... 2,359,400 barrels, against 2,420,000 in| B3 Bf- - the fir vick Chem i6 ) 3 IFOLLow—T HROUGH / that’s the Explanation of BETHOLINE'S Power fvery scientific advance is based upon a scien- tific reason, and there is a scientific reason back of BETHOLINE'S remarkable performance / ¥ / N T DO YOU KNOW what happens in your engine when the gasoline vapor is sucked in, compressed and fired by the blue spark from the spark plug? Just the right amount of gasoline, just the right amount of air—and the piston is driven down with terrific force. In the fraction of a split second, that is what happens as you hear the swish of the exhaust. But Betholine does not explode—it burns. Instead of a sud- den crash against the piston head, Betholine (in the fraction of a second) exerts a more continuous force against the piston. It develops a follow-through piston stroke that gives you greater, steadier power, with less vibration, knock or noise. If you are not using Betholine you are missing half the thrill of motoring. Convince yourself. Try Betholine today THE WONDER_MOTORYFUEL ¢ USE REXOLINE MOTOR OIL—ANOTHER SUPERIOR SHERWOOD PRODUCT