Evening Star Newspaper, July 31, 1929, Page 13

ON CURB EXCHANGE Investment Trusts Also Have Good Day From Bullish Standpoint. BY HARRY H. BECKER. Special Dispatch to The Star. NEW YORK, July 31.—Utllitles and investment trusts almost monopolized trading on the curb exchange today. Prices in both groups advanced rapidly under active demand and the ticker fell far behind business on the floor. The feature again was the Insull stocks. Middle West Utilities old, which had closed at 4643; yesterday, a new high, ran up to 506, where it was W over 40 points on the day. There was some subsequent reaction. The trad- ing was started in the new stock to be outstanding after the 10-for-1 split- up, the first sale being 10,000 shares at 50, corresponding to 500 for the old stock. “After News Is Out.” Insull Utility Investment, the hold- ing company, rushed forward more than 15 points, also to a record Seldom has there been such a show in the case of a stock “after the news was out” as has been seen in Middle West Utilities and its associated issues. Realization of the benefits to accrue from the recapitalization plan in- creased as time went on. Commonwealth Edison opened un- change at 400, the previous high, This stock had gained over 50 points vesterday. Other utilities were buoyant. Electric Investors advanced violently 18 points, There have been rumors of a five-for- one split-up in this block, but its large holdings in the shares of other power companies are sufficient explanation for the strength. Among the companies in which Electric Investors is interested are North America, American & Foreign Power, American Power & Light, Electric Power & Light and National Power & Light. Central States Electric new was ac- tive and higher. It was predicted to- day that earnings for the third quar- ter ended June 30. Associated Gas & Electric made a new top, reflecting confidence in the program of expan- sion. American Light & Traction Joined the advance up 10 points at 348 and at a new top. Investment Shares Jump. Among the investment companies strength was in evidence in Stone & Webster, which opened at an advance of 8 points and National Investors at a new high above 150 after its 19-point gain of Tuesday. Among industrials the amusement stocks were favored, Advances .were recorded by General Theatres Equip- ment, International Projector and Na- tional Theatre Supply. Marconi In- ternational Marine was another feature, ‘The first sale was 21,800 shares at a fractional advance and the gain was increased thereafter. Trading was be- gun in the new Shattuck stock to be outstanding after the stock dividend. CHICAGO, July 31 () (United States | Department ' of ~ Agriculture).—Hogs— Receipts, 14,000 head, including 3,000 direct; mostly 15a20 higher on hogs scaling over 160 pounds; top, 12.15; bulk good to choice 170-220 pounds, 11.70 to 12.00; 250-290 pounds, 11.00a11.40; packing sows, 9.35a10.00; butchers, me- dium to choice, 250-300 pounds, 10.50a 11.45; 200-250 pounds, 11.10a12.05; 160 to 200 pounds, 11.25a12.15; 130-160 pounds, 11.00a12.00; packing sows, 9.00 210.00; pigs, medium to choice, 90-130 pounds, 10.75a11.50, Cattle—Receipts, 8,000 head; calves, receipts, 2,000 head; few loads strictly grain-fed steers, yearlings and fat cows and heavy heifers about steady; all other grades and classes demoralized with bids and general undertone un- evenly lower; not enough to make a market; early top, 16.50; slaughter classes, steers, good and choice, 1,300~ 1,500 pounds, 13.50a16.75; 1,100-1,300 pounds, 13.25a16.75; 950-1,100 pounds, 13.00a16.50; common and medium, 850 pounds up, 9.00a13.25; fed yearlings, qoodooand choice, 750-950 pounds, 13.00 216.00. Heifers—Good and choice, 850 pounds down, 13.00a15.00; eommon and medi- um, 8.00a13.00; cows, good and choice, 8.50212.00; common and medium, 6.75a .50; low cutter and cutter, 5.75a6.75; bulls, good and choice (beef), 9.50a 11.50; cutter to medium, 7.00a9.50; vealers (milk fed), good and choice, 13.00a15.75; medium, 12.00a13.00; cull and common, 8.00a12.00; stocker and feeder steers, all weights, good and choice, 11.75 213.25; common and me- dium, 9.00a11.75. Sheep—Receipts 10,000 head; active, steady to strong; fat natives mostly 13.25, few 13.50; good range lambs, 13.00a 13.25, choice kinds held around 13.75; fat ewes steady, 5.00a6.50; feeding lambs quotable steady; slaughter classes, Spring lambs, cull and common, 12.75a 13.75; medium, 11.25a12.75; cull and common, 8.25a11.25; medium to choice, 92-100 pounds, 4.7586.50; ewes, medium to choice, 150 pounds down, 4.7526.50; cull and common, 2.50a5.00; feeder lambs, good and choice, 12.50a13.65. GRAIN VALUES RISE. Corn Leads Brisk Upswing on Chi- cago Board of Trade. CHICAGO, July 31 (#).—Corn led a brisk upward swing of grain values early today. Reports were current that owing to high temperatures, coupled with excessively dry weather, the Illinois corn crop is firing in spots. Word of better export business in North Ameri- can wheat tended also to lift values. Opening unchanged to 2% higher, corn subsequently scored gains all around. Wheat started 14 off 4 up, and subsequently made a s! gen- eral upturn. Oats were firmer. Pro- visions also advanced. COTTON PRICES RISE.. Unfavorable Weathér Have Bullish Effect Today. NEW YORK, July 31 (#).—Cotton opened firm today at an advance of 14 to 20 points on a continuation of the recent buying movement, which ap- peared to be stimulated by higher cables, unfavorable features in the weather news and continued talk of increasing weevil damage. October contracts sold up to 19.10 and March to 19.44, or 20 to 23 points net higher, and theé market was firm within Features a point or two of the best at the end of the first half hour. However, the ad- - vance met considerable realizing and some Southern selling. There was & feeling that the Eastern belt was nmns too many showers in view of the bol weevil situation and that rain was needed in West Texas. Liverpool cables reported local, conti- nental and Bombay buying in that mar- ket on. adverse weather reports from the South. ¥ January .. Mareh May .. tober, ober, new December . 1043 DRY GOODS ACTIVE. NEW YORK, July 31 (Specia).— Cotton goods markets were fairly ac- tive today. Print cloths were quoted up an eightlr cent.at 7% cents for 64x60s, and unchanged at 8% cents for 68x72s... Raw.silks, were..fam, Bpecial Dispatch to The Star. NEW YORK, July 31—Followirg is & list of stocks and bonds traded in on the New Yark Curb Market today with the volume of sales and prices up to and including the close of the market: h, Low. Olose. S 8% st 23 ust w Bup Mf B = 44 “mco.ami:‘nm. m Goods 3 Z 7 T & For EEE Am 25520553 >! Lot W SEEE =t L 583EaRSE Del vic ..o 1Angus Co Del pfd ‘A oo 832, Gas A'100 Nat G cum pid G A3t 1 2. 5008 8, 8028888 85 eons & I Tract 3 1 2 pid. 7 Gent AL 8er vie Cent & Sou U pfd * 3Qent Bip Cor. 45 Cent Pub 8 s 209 Cent States El 1 %d.! 2 Cent Sta El 6% pfd; 105 FEER CET 2 Core Auto 2 Consol Fil: 4 Consol G 1 Consol_ G 4 Cons Gas Util A-.... 1485 Cons Gas N ¥ ris wi 3 Consol Instr 20% Balt Balt Strs G & E pr pfd. W B).... Bessemer Besse ptd 0 &R 2 Curtiss 38 Curtiss 1 Curtiss Fly; 1 Curtiss Reid 45 Curtiss-Wright wi 22 Curtiss-Wright 1 1y 11034 102% s 3 A 50 . 31 35 11 . 21% 28'2 . 28% A, e war . 49 Dayton Airplane ... 1% Deere % o iDayton Airpiane ‘ur. or R C and A De Havilland AA old. e et ggauaSEun, s, op SRR OFRRRES B mysuadBen, suss, oo =2 (oo n ters A Ch 0 Fox 26 Freshman ario ot MLttt SRS 3 Gen t,nxlllrel(!or‘g Wi 3 18en (hdun Riconoi:: 1Gen Laund Mi en Keal . 3 & 8%, !*% 182 i SR SRl o H Gen Print_Ink 5212 48 1 T Egyuan iHartman Tol 8 Haygart Corp . Hageltine Corp Helena Rubenste = = Cm o e ¢ PR 3 FaN SR FSS o 1980t i 1 e b g cmrns B S B cn 8558552858 ER R T 2 ¥ & o 1 28 2 B e i o i‘«'% Midl 8tI Prod 118 1183, Mid West Ut/ . 465, 492 urphy G at ~Aviation 2 Natl Container Amer Aviaiion'? rth Am Utility Se¢ Eastern CEEED sule Esuessnon » Penn Wt P 73 bennroad Corp 5Peo Lt & Pow yman Elec 2SS 3.0 Cor A 6 Singer Mfg Lid . 3¢ Bmith Co_(A"0) 4 Sonatron T ... 2 Southeast P’ & L 4 Southe P & 280u C E B pfd Spanish Stand tand & Webster Inc.: 169 1 1 Stone & Webster s15d 1663 28 Strauss Roth Stores 3234 3 Stuts Mat .- 1% 28witt Intl a W 3 Tacgert Corp .... 1Tampa EI . [0 1Tenn EI Pow 75 bt § Thermoid ... 1 10% pree Tid . Air Trap . xDLPB8A 1 'Air Co Gont Cor .. 1 Transcon 13 Trans Lm 4 ri i gl SISBY. 4Union Am Investing 7Ulen & Co ..... S S aBuSamm e Frelght rts. . Preight of Dei. Gyptum Lines . & Intl Sec aqdadad "1 e SEE TSR 548 s << =4 atin & Newmont Mining . 1 Nipissing or 3 Premier Gold M. 7 Roan Antelone Cop. 7 Shattuck Denn’ 8Unl Verde EXt. $ ity Gold_ 18 Utah Metsli 7 Wendon Co les nfl(flmnm OIL STOCKS. hundreds. 17 Am Cen Olifids. Am Maracaibo & Bawuile SRS SERESS G SaRmm 1S . * inse Ofl ‘led ‘enesuelan 't 'Sales in _ STANDARD OIL units, PORMER SUBSIDIAR i 1o Wh y Received by Private Wire Direct to The Star Office 29 3 - swonB S5t 22] > Q, 22 = 5 Bitgack catirus TRy 25 0020000 O RTEEE £ 35653t o R 25 oS E e 2 290 H o] Po 1 Gult Oll Pen 5 17 Gult Ofl Pen 3§ Guif Sta Ut 8¢ W '39 106 57 1974 :57 10 s °b: 5s A ‘47 107 A 5 LE Rall 3o 83 88 o Lt & Kall 82%33 85 R of 4 Bs 30 00 West Newspa 6s Sales in FOREIGN BONDS. thousands. 3 Aeri Mor Ba Ts '47.. 2 Buenos Atres 2 ew Ww—With warrants. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) 193 1932, * FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks London, pound " Paris, franc, Brussels, bel Sefo.crown . Stockholm, cr NEW YORK, July 31 (#).—Foreign exchanges easy. Quotations in cents: Great Britain, demand, 48413-16; ca- bles, 4855-16; 60-day bills on banks, 480 1-16. France, demand, 3.91%; eables, 3.9115-16. Italy, demand, 5.225; cables, 5.23. Demand-—Belgium, 13.90; Germany, 28.82; Holland, 40.06; Norway, 26.64; Sweden. 26.79%; Denmark, _26.63; Switzerland, 19.24; Spain, 14.62; Greece, 1.29%;; Poland, 11.25; Czechoslovakia, 2.95%; Jugoslavia, 1.75%;; Austria, 14.08; Rumania, .50'5; Argentina, 42.04; Brazil, 11.88; Tokio, 46.35; Shanghal, 58.06; Montreal. 99.75. SHORT TERM SECURITIES, (Reported by J. & W. Seligman & Co.) -Chy . Bs 1097 AlsChalmers g0 % 107053 10 . Rolling 1lis 8¢ . B3 LTl on of. Accep. Cori et. Corp. 5 i A u i o loff Co: mfi 938 qdazd Oif N, Jersey o mi‘ . & Bo. Ry. 43 19! St L. Soythyesters Ry. 46 1032 Bith & Gorcot G S Rty 5. 5e i Wheeling Steel Corp. Y5 Slow But Steady Growth. student of Upsala + Tueten, writien during the main | to Upsala had six pro - s"end 37500 Stubents: RUBBER ADVANCES. YORK, 31 (Bpecial) — Crud"‘ewrubber, WJII]] ribbed sheets, qQ cent at today’s noon quotat of 21, cents. This com- pared with 20% cents a month ago and 19 cents a year ago, Linlithgow, Scotland, public park excl\:fl'_ely for women. is to have a pected to be ready D. C, WEDNESDAY, INDUSTRY SHOWING ADVANCE N GANADA Western Provinces Richest. U. §. Sending Many Tour- ists Into Dominion. BY JOHN F. SINCLAIR. . NEW YORK, July 31 (N.AANA).— Many people in the United States think of Canada as merely an agricultural cquntry, given over largely to wheat and grain growing. But this 1s not the case. 8 ‘The Dominion bureau of statistics has just announced the increase in Cana- da’s wealth for 1927—the net is $3,900,~ 000,000. Agriculture contributed 38 per cent, manufacturing 31 per cent, con- struction 8 per cent, forestry 8 per cent, mining ‘6 per cent, eléctric power 3 per cent and the remainder was mis- cellaneous. The western provinces are the rich- est per .capita. British Columbia is first with $4,032; Alberta second, $3,66( Saskatchewan third, $3,586; Ontario fourth, $3,000, and Manitoba is fifth, $2,976. Many Tourists From U. S. Many tourists from the United States are visiting Canada this year—even more than in the record year of 1928. Three hundred and seventy-eight thou- sand more automobiles crossed the Peace Bridge into Ontario in June this year than last. Figuring three persons a car, that means an increase of about 1,000,000 persons. Benjamin M. Anderson of the Chase Natioral Bank of New York, says a borrowing country is an importing country; that it brings in the proceeds, of foreign loans in the form of goods. So primarily the borrowing country must develop an excess of exports over imports. He said that the only European coun- try now in a position to make foreign loans on a great scale was France. Its gold reserve stands at 48 per cent, and in addition it has more than $1,000,~ 000,000 of gold exchange, held mostly in_London. France took gold from London in 1927 and 1928, while she was taking $310,000,000, from the United States during the” same time. So far this year France has been able to add $182.- 000,000 to her gold reserve, much of which came from Germany, while Ger- many in turn is takiag its gold from London, and London is therefore in a tight condition, Dr. Anderson does not see money getting any easier, yet. “If we look at the position of the world at large,” he says, “it is clear that money is far tighter than it was & year ago, and that the finagcial strain is greater than it was a year ago.” Develops Marketing Body. Western Canada has developed its co-operative marketing organizations much more effectively and efficiently than any other section of Canada. In fact, the record is one to be studied in the United States now that the Pederal Farm Board has decided to work with | co-operative institutions. ‘Take Saskatchewan as an example. In that province the total incomes of all the larger co-operative agencies amounted to $176,640,000 for 1928; the Saskatchewan Wheat Producers, Ltd., $160,000000; Co-Operative Creameries, Ltd, $5,000,000; Livestock Producers, Ltd., $4,918,000; Co-Operative Trading Associations, $3.852,000; Municipal Hail Association, $1.856,000; Poultry Pro- ducers, Ltd., $553,000; Registered Seed Growers, Ltd, $281,000; Canadian Co- Operative Wool Growers, Ltd., $180,000. And this is a province with an area as large as the State of Taxes and population about three-quarters of a ‘million. U. S. Trade With Venezuela. Most South American countries are co-operating to a remarkable degree in building up trade with the United States. This shows in a country like Venezuela, where more than haif the total imports the first half of 1928 were of American origin. Official figures show that for the first half of 1928 the total foreign trade was equal to $96,569,000. This is figuring the bolivar, the money standard, at 19.3 cents par. Of th¥s total $39,369,000 was in im- ports and 857,200,000 in exports. The imports from the United States were $22,054,000. What American goods were most bought? Motor trucks and tires, drugs, electrical apparatus, shoe leather, tex- tiles, foodstuffs. There was slight falling off in the sale of passenger cars, but a large in- crease in the demands for lower-priced trucks. This was due to the recent establishment of a large number of motor bus lines connecting Caracas with other leading cities in *he country. The agitation for good roads is pro- nounced in Venezuela. (Copyright, 1929.) o Clams Bred for Buttons, Several of our Southwestern rivers are the source of our supply of dlams which are used in the manufacture of buttons and nature is not quite on her job, for the button manufacturers are always quite up to the supply of raw material. It has been greatly increased if supply could be greatly increased if some method were found to properly coddle the baby clams. In their in- fancy their lives are largely sacrificed to the appetites of the fish which fre- quent the rivers. There is also said to be a scarcity of the food which the in- fantile clams require for their proper development. A sclentific person has discovered a means- of supplying the necessary element of food by artificial means and it is ‘being tried with the hope that there will be more clams and consequently more buttons. , % o Radio for Deaf Students. zMany a child in the schoolroom is condemned as stupid when the fact is that it is suflennf from impaired hear- ing. This deficiency may be just enough to be a serious handicap and the child struggles along without the real condition being realized by the student or the teacher.’ It may take a medical examination to reveal the fact. For such as these, a radio syftem for schoolrgpms has been devised by which the . ftudent thus aMicted may ?roperl get all the information dis- ributed by the teacher. The main art of the apparatus is hidden in a ble used by the instructor and wires are carried al nng back of the seats with connections for head sets wherever they may be desired. She Goes 12,000 Miles to Wed. Pretty 19-year-old Ida Congleton of Balham is on ‘her 12,000-mile voyage to marry her flance, who is employed on a sheep ranch in Queensland, Aus- tralia, He is 22 years old, and they have known each other for 10 years. When he sailed from Liverpool four x‘em ago, they’ were just boy and fends. The youth ed he) him each mail and they correspond- ed re . He proposed and was ac- cep by mail. Giant Elevator in Germany, y be ‘u&edueh weighing 1,000 tons m:f as high as 100 feet in the air by giant elevator which will be part of the equipment connecting Berlin with Stettin, the German seaport on the Baltic. Believed to be the largest of the kind in the world, it will replace four Berlin, locks near Nieder Finow, It will cost approximately $6,000,000. ‘The foundation is under construction and the elevator is ex- for -use late this CHICAGO, July 31 (Special).—Hot weather again has served to slow up the dressed meat trade. Beef cuts declined sharply during the past week, while lambs were mostly $2 lower. Pork trade barely held steady. n CLEVELAND.—The Lincoln Electric Co. has awarded to the Austin Co. a contract for erection of an addition to lant. Work will begin edia al completion is set for September. The building will require 130 tons of structural steel. No rivets will be used, for construction will be effected by the Lincoln welding process. FNID, Okla—Many flelds in Northern Oklahoma. are now being cut because of the rise in wheat prices, which would have been fired or plowed under, ac- cor to reports reaching here. The ain is averaging in many instances our bushels and less to the acre, and is of low grade. Much of it is going into storage. HELENA, Mont.—The thirsty soil of the ranges has Jicked up all the mois- ture which has fallen in this State and the grass is getting short on the ranges and the water holes are drying up. This is bound to affect range cattle to some extent. SACRAMENTO, Calif.—During the two years just ended California con- structed 1,030 miles of new highways. The State spent $41,074,736 for con- struction, reconstruction and main- tenance, deriving the funds from the State government's half of the 3-cent gasoline tax. ORLAHOMA CITY.—Insurance sold in Oklahoma in the last month showed -an increase of 3 per cent over that of a year ago, and for the first six months an average increase of 1 per cent. The total insurance sold was $10,184,000. Safety for the Electric Iron. Called away from her work at the ironing board the thoughtless servant or occasionaily the housewife herself may leave the electric iron on the board, thinking she will be away but a few seconds, but a longer detention may resul in the scorching of the ma- terial being operated upon or perhaps may be the means of starting a fire, Several means of overcoming this danger have been devised, most of which consist of holders which cut off the current automatically when the iron is placed upon it. The newest of these devices consists of a spider leg arrangement on the jron which is al- ways spread out of the way when the operator’s hand clasps the handle, but as soon as the hand is removed the four legs of the invention are drawn to- gether with sufficient force to lift the iron above the surface on which it is supported. Refrigerated Motor Truck. ‘There has been built and put in use & mechanincally refrigerated motor truck that is intended primarily for short nauls and to take up the transportation { of cold-storage comestibles where the refrigerator car leaves off. This is a logical step forward in the distribution of perishable foodstufls. These trucks are entirely self-contained and capable of a rather prolonged operation and the entire refrigerating equipment weighs less than 800 pounds. Trucks of this type make it possible, so it i5 claimed, to save considerable | time and money on_shipments between Jearby cities—such, for example, as New York and Boston; and they facilitate the movement of less than carload lotgf —_— Early Gaming Cards. Some authorities belicve that the very carliest wood block printg of Europe were, playing cards. The earliest of these which we know are also French, two valets or knaves which are thought to have been made in Provence not lat- | °r than 1440. Before the end of the fifteenth cen- tury Germany was making cards in great, quantities not only for herself but for Italy and Sicily and other European countries. Perhaps because the cards were made in such quantities and not treasured, they are the hardest of all to find today. In 1448 the card makers of Venice protested to the Doge against the importation of these German cards. PIT-MOUTH POWER STATIONS PLANNED Reading Coal Seeking Char- ters for Utility Firms at Mine Sites. BY J. C. ROYLE. Special Dispatch %0 The Star. NEW YORK, JULY 31.—Developments of steam-generated electric power at or near the pit mouth, which has been a North Pole of fuel energy exploration for over a century, has reached its goal. ‘The State authorities of Pennsylvania today are considering the applications of the Philadelphia & Reading Coal & Iron for cl rs for 33 electric public utility companies in an equal number of communities throughout a section of the State. Even if the charters should not be granted, the development of electric power at the pit mouth by the Phila- delphia & Reading Coal & Iron Co. would be carried out, for all the mines of the concern are to be electrified. The electrification of the Reading col- lieries and the rebuilding of 32 breakers in the anthracite fleld are now in progress under the supervision of Stone & Webster, engineers prominent for years in public utility flelds. They will have charge of 'construction for the 33 Readin ublic utility com- panies as and if chartered. So far as construction is concerned, the two projects are entirely separate, New Capital Provided. Reading Coal & Iron was refinanced some months ago under the auspices of Drexel & Co., the Philadelphia branch of J. P. Morgan & Co. New capital to the extent of $30,800,000 was provided. It is this money which will be expended in the new building program, was the first real step, according to fuel en- gineers, taken in the rehabilitation of the anthracite industry, which has lan- gylshed for some years, in fact since the last strike. Many of the 90 break- ers of the camg.ny were bullt as far back as 1890 and are antiquated. When the coal company was ordered segre- gated from the Reading Railroad by the courts, the former did not have funds with which to keep equipment up to the best level and costs profits to the bone. While the concern was in this condition, A. J. Maloney was brought to Pennsylvania from Chicago as presi- dent and started the campaign of re- habilitation, which is now in full swmx, ‘The electrification of the mines, it is claimed, will cheapen the produc- tion of coal. It will permit also the utilization of the lower grades of coal which are not commercially marketable. The capacily of the generating planis will be huge and the 33 public utility companies can be supplied with cyrrent produced from what is now practically a waste product, thus adding materi: ly to the revenue of the coal company. Wont Invade Cities. While the Reading company has been reticent as to its plans, pending action on applications for charters, it is known that the concern has not planned > invade Philadelphia and nearby cities. These communities are already weil covered by the Philadelphia Electric Co., with its huge hydro-electric pow plant at Conowingo on the Susquc- hanna River. Philadelphia Electric is controlled by the United Gas Improvi ment Co., which in turn is believed to be closely allied with the recently con- | solidated Niagara Power Co., formed under the Morgan auspices. It would be thoroughly practical, how- ever, for the transmission lines of Reading Coal & Iron to be hoaked up with the hydro-electric lines indicated in a big chain of superpower which would cover no small portion of the industrial mid-Atlantic territory. The Reading Coal Power concerns are not expected to set up competition to the local companies already operating in the territory it has selected. It will endeavor instead to sell current whole- sale to such companies. It expects to be able to sell current in large quanti- tles lower than it costs the local com- panies to generate it. Reading Coal cannot, of course, put & power plant at every colliery, for it must choose sites where sufficient flow of water for condensation purposes is available. One such point will be Hern- don, on the Susquehanna River. WIN BOND ISSUES. Spectal Dispatch to The Star., BALTIMORE, July 31.—A banking group composed of the Mercantile Trust Co., Baker, Watts & Co., §tein Bros. & Boyce of Baltimore and Arthur Sin- clair, Wallace & Co. of New York, yes- terday was awarded three issues of State of Marvland 4!, per cen. bonds at 101.0788, an approximately 4.35 per cent basis. The obligations sold con- sisted of $531,000 general construction, $50,000 Charlotte Hall and $72,000 Edge- wood Road bonds, maturing serially from 1932 to 1944. PACIFIC LIGHTING EA-RNINGS. NEW YORK, July 31 (#).—Pacific Lighting Corporation and subsidiaries report net profits of $8,596,184 for the 12 months ending June 30, compared with $5809,796 for the preceding 12 months. PROFITS ARE LARGER. NEW YORK, July 31 (#).—Profits of $1,128078 were earned by the Mc- Graw-Hill Publishing- Co.,, Inc., and subsidiary companies during six months ending June 30, equal to $1.88 a share on the 600,000 common shares out- standing. During the same period last year earnings amounted to $933,718, or $1.56 a share. MONEY HOLDS FIRM. NEW YORK, July 31 (#).—Call money firm: high, 10; low, 10; ruling rate, 10; close, 10. Time loans firms, 30 days, 8%a9; 60-00 days, 8%4a9; 4-6 months, 8. Prime commercial paper, 6a6%;. Bankers acceptances unchanged. FLEECE WOOLS MOVING. BOSTON, July 31 (Special).—More interest was displayed today in ficece wools than has been seen for some time, but sales were moderate. Territory combing clean was quoted at 96, French combing, 92 to 93; half blood, 92 to 95; three-eighths blood, 90; quarter blood, 78 to 80. Fine Ohio fleeces were quoted at 38 grease basis; half blood, 44; three- eighths blood, 44 to 45; quarter blood, 43. PRICES ON PARIS BOURSE. PARIS, July 31 (. —Prices were strong on the' Bourse today. Three per cent rentes, 74 francs 40 centimes. Five per cent loan, 102 francs 90 centimes. Ex- change on London, 123 francs 83!, cen- times. The dollar was quoted at 25 francs 52 centimes. BUILDING TANK FARMS. NEW YORK. July 31 (#)—The Texas | Corporation and the Humble Oil & Re- | fining Co. are building tank farms to | provide for handling production in. the | Darst 1 MAéAiINES TO MERGE. NEW YORK, July 31 (/)—Hardware | Dealers' Magazine will be merged with _ | Hardware Age after the August issue | of both publications. HAS 400 RETAIL STORES. NEW YORK, July 31 (#).—Mont- | gomery-Ward's retail store chain has | reached the 400 mark. BUTTER IS LOWER. | CHICAGO, July 31 () —Butter, low- er; receipts. 8.054 tubs: creamery, ex- | tras, 43 standards, 421;; extra firsts, | 41242; firsts, 391.8407:: seconds, 37a 3815 eggs, unchanged; receipts, 7,833 cases. COAL MINING FIGURES. NEW YORK, July 31 (#).—The Na- tional Coal Association reports that 9,400,000 net tons of bituminous coal were mined in the United States dur- ing the week ending July Good Bye Washington Carter’s Clothes, 1341 FSt.N.W. Close Their Doors August 1st, 9 P. M. YOU MUST ACT QUICK! Never before were men’s clothes sacrificed at such a low price. Your choice of 1200 Suits, Top Coats & O’Coats Now or Never 90 12 All Sizes All Models Buy Your Clothes F or the Whole Year CARTER CLOTHES 1431 F ST.