Evening Star Newspaper, August 14, 1929, Page 13

“* FINANCIAL. ; THE EVENING STAR, WASHINGTON, D. O, WEDNESDAY, AUGUST 14, 1929.° LT e—— FIRKANCIAL. B 13 - QIL STOCKSACTIVE IN GURB DEALINGS Sales n b ; Y Reeol Prod A 18 Acoustic Prod Trading Highly Selective—In- 3& vestment Trusts Are Also i n 12'3 Strong Feature. lied Bog°f, inaue 1&",; E1Y Bpecial Dispatch to The Star. e NEW YORK, August 14.—Trading in it the Curb Market today continued a se- lective affair, following on the heels of a specialty market on the big board. Crocker-Wheeler, the floating supply of which is small, soared again, this time to another peak of 498 on renewed reports of an impending split-up. Some time ago it was rumored that General Electric was seeking control, but this was denied. Earnings are understood to be running at a high rate. A conspicuous feature was the buying in'the high-grade oil stocks, particularly Gulf Oll and Humble, both starting the session nearly 2 points higher. Standard Oils also came in for attention. It was reported that the olls are on the eve of an advance which may carry them considerably higher. Production of crude in the United States for the week ended August 10 showed a decline of about 20,000 barrels, the first intimation of lower output in three months, while California fields produced about 10,000 Iurrkcla less for the third consecutive week. BI258! 4Am Commonw 1Am Common P 26 Am Commo P 6 Am Cyanamid 1 8 32, aneniEecansy Investment Trusts, Among the investment trusts May- flower Associates went into new high Feas & territory at 85. Tri-Continental Cor- it poration was under pressure on news ooz: of plans for doubling its capital and e which will_involve $50,000,000 new 621, financing. Insull Utilities investment il continued strong and at one time was 3 a point above the previous closing. | F A weak feature was the continued T Ly relling pressure applied the Marconi 18t8 International Marine, new low ground. Heavy trading developed in Consoli- dated Gas rights and transactions ap- peared on the tape at times from 10,- 000 to 50,000 at a time, and at a new high level. By noon there were nearly 400,000 rights traded in. Heavy trans- actions also occurred in Electric Bond & Share rights around 9. 'ITading in Duke Power rights was small, com- pared with the other two. Stock of Electric Bond & Share also was active, A block of 5,600 appeared at the open- ing at a decline of nearly a point, but the stock strengthened later. Other Favorites. United Gas Improvement was well bought. Electric Investors also was active and opened nearly 3 points above the previous close. Profit-taking gave the stock an irregular appearance. which sank to 4 Cai 28 Can ~Marconi 2 Capital Admin A 2Capital Admin A ‘pfd 5Cap Admin rts 2Camden Fire Ins 2 Caterpil Tract. 1Gelan Cor Am::... 1Celan C Am ist pf 8 ser 10% 6 Cen Atl St e Standard Brands, Inc, was rather| 1 Cent & Southw 'Ot133 quiet. 5Cent Pub 8 A 3 Motors were neglected. In the min- ing section Newmont stood out with a rise of nearly 3 points. Newmont Min- ing has in its portfolio stocks of many other companies, STEEL CORP. POLICIES ARE SUBJECT OF RUMORS Bpecial Dispatch to The Star. NEW YORK, August 14—With Unit- ed States Steel common dominating the stock market, Wall Street has never before had such a variety of rumors in regard to the corporation’s possible fu- ture action for the benefit of stock- holders. Yesterday's further rise in the shares was largely predicated on a re- port which went the rounds of the bro-{ % Cons “Theate kerage offices that Steel directors were =~ 4733 Cons Gas N ¥ rts holding a special meeting, presumably| j Gont! Dismond Fiber 3 to utalke sp::m action of snmle sort. The lgeap mu&emer of A, 4 meeting, howe! was merely the reg- 7 Corroon ; Ular weakiy scatlis Of the finance com- S ooy v mittee and was rather poorly attended, | 2': Crocker Wheele: due to the fact that several directors | 1 Curtiss Aero Exp ©i. 3 were on holiday. Certainly, if anything | 33 Surtiss ‘Alrport _vic! so important as a stock dividend were | 379 Gurtiss-Wright ...... to have been discussed, as the Street 54 Curti: rumors had it, there would have been a much fuller attendance. The regulation monthly meeting of directors is sched- uled for August 27. While it is accepted that something very favorable is in store for the corporation's stockholders before the end of the year, the possi- bility should be borne in mind that the directors may decide to retire some of the subsidiary bonds before considering & stock bonus or a split-up. NEW YORK COTTON. NEW YORK, August 14 (#).—Reac- tions followed yesterday's advance in the cotton market today with liquida- tion or reselling reported on the fail- ure of bullish features in the weather or crop news to have a more stimulat- ing effect on demand. Trading was quiet, however, with the market cor- Tespondingly sensitive to comparatively small orders either way, and after show- ing net losses of about 15 to 20 points, fluctuations were somewhat irregular. ‘The midafternoon market was quiet at net declines of 10 to 18 points. Futures closed steady, 11 to 18 points lower; October, 18.13a18.15; December, 7 Consul Instru .. 19 Gonsol ' Laund 4Cons Ret Strs 1De For R C SID 20 Dixie Gas & 1Detroit All 1 Dictograph Frod 20 Dixon (J) Crucibie. 13 Doehler Die C C. 2Dix G & Ut rts 3 Douglas Alrcraft. 74 Dubilier C & 1; Duke P ow As A 9 Elec Sharehoid. 5 Elec Sharehold pi 2 Elec_Shovel C pt pi 2Em Pow Cor 81552 catet S e & OEEEE FEFET llgflglll}.;flt .lvnnunry. 18.50; March, .73; » 18.90. Spot quiet, mid- dling, 18.15. " . € Pinancial Trvest N Y 27% 27% 2 3 Maren ", TR S ] May .00 1907 1836 October, ‘oid”. 1834 1833 October, new. 1836 18.13 December ... 1 1842 18.60; March, 18.33; ry, 18.80; October, ; _October, old. December, 18.52. 18. new, 18.31; A GRAIN MARKET. CHICAGO, August 14 (#).—Reports of frost in Canada did a good deal to send wheat prices upward here today after downturns at the start. Notable strength which the corn market de- veloped ‘was likewise a factor on the side of higher prices for all grains. Opening 33 to 7 off, wheat afterward ea rose sharply above yesterday's finish. docrard o Corn shl‘ged l“e;z dacltne md’/k p?; 191 i LW vance and subsequently scored raj obe _Underwrite general, gains. Oats followed corn.| 3] Gold Seal Eiec n Provisions went lower. With uneasiness prevailing about trost reports from Canada and extremely pessimistic crop advices otherwise from there, the wheat market here made only a brief response today to Liverpool quotations lower than due and to word of increased shipments from Argentina. Current advices asserted that regardiess of what railroads or banks might say, the Canadian Northwest has suffered a crop disaster the like of which has not been known for 25 years, and that a person may travel all day and see noth- ing but thick miserable stretches of grain_ hardly a foot high and other stretches almost burnt off. It was added that a maximum esti- mate of the 1929 Canadian wheat yleld was 225,000 bushels, and that a large part of this t«al was fit only for food. Influenced larg\ly by such Canadian re- ports, previous sellers of Chicago wheat future deliveries made haste to switch to the buying side, and the market ran up sharply, with commission house WP&- chases taking on large pro) . Meanwhile Minneapolis reports were also at hand telling of the biggest flour busi- ness of any week so far this season. ‘Wheat closed unsettled, 2% to 2% net higher, with corn 2% to 3% up; oats, % to 13 advance, and pmv’dm i unchanged to a rise of 10 cents. Bk ‘pta’ Camp ! Elec Ltd Elec Co Ger. Indust Alcohol 33 Laund Ma ... Wat A wi 27 Real & Util Cor 3413 & U Cor pfd 108 REFF g, sEasusiEE ot 44 Hiram Wai 1 Holt Henry A eafuzsuassunsuae, uiias Suusss8NE & FER FEEE SRR E 4 11rving Air Chute Isott, yoony 31 2 28; *a& EL IS SRt e EEE 3. 3 4 1 2 1 1 5 [ 2 H H 1 i TR R o S o8, umets LS " R R SR E W - e 19130900 B cri a3 09 100 i S 2 NEE R R R o BT SESEE R TSt Lot o5 553 o ST S F& X 53 =3 3 41 Eawacsal i ati or 3 Pow ODIT '8l 125 10 Prudential Invy 2 3 !lrd Concrete cv pfd 65 3 Rainbow Lumin P A. 29 ;R‘lnh%‘c Lumin i o ] "% 1 " i T ;| 4 4 [J 80 £ i % ¥ as a5 3 Root "." § 8t 10 Sl Schul 8l Bec Gi Bec Gen Am Bauare 2 1 Spani 1 Trav 310 T 8 Tri Sggggaggdadadg 555858583 R e e 5 0 S0 R o cadaaacads 3 'a EEE222 puntn,neonden 22 2 REREEE 2 T 2. 2 ‘ggggagacdas, Ll :«.._; Saecied 0031 20001050 S £33 5 Walker gga»g o ga § o ag_Hud P agza Shares Shenan Corp 10 Sikorsky Aviation 9 Silica Gel ctis. 71 Shenandoah Corp tein & tein Cosmetics 2Stern Bros B 8iromb 18tutz 1 9 2 Walsree o 1 wawson 5 W 3% 1 West Auto Suj 0 3 wi »% 1wl 2% st i 1214 i F e i 3 4 i SEges e o EEE 223 Sandy Containér Container Fam Strs. In: ‘Amer Aviaiion.. gsSesSesEtue S8 EE S FI SR RS S BRRR28883822 -t & ESIF R eeERRR SR RNea2082358! et Carls Tel Mot . R 58583582 Lux D L el ‘Air Co Cont Corp, Cont 11 Bu . 101% 101% ng;l . lg;‘, l!l,g 103 9 Co 34 83% : i 18 2 ¢ 1 3 81 7 ! 3 s v L 4 4 H 0 o B 4 10 83 23 3t 3 7 11 D N Shoe 34 34 i ¥ ol % 76% Asbe & 80 3 Dairy & 65 Pini: 1593 150'; 159'%% Foil 68" &1 611 Freig} 101 100 1003 & P A Gpay 120 " 120 [ Lu ll:a ll‘!fi "’M o 85 H1H 18anta Fe City HtA R 5% "‘z 6 Stinnes Hg 7s Stor: 38 3y 4 Stinnes Hg s 8515 85 it 7 Uni Bl 8v.% 108 b 5 85 x i " “‘ hen {ssued. £ 2!' ‘With warrants. 24 20 45 380 ar . Boew B S P o o, 25 102 * etal Mines 5 & 55 & E T SanE o s Asiutses. 3 2REILIEVILTLINL 882 Baitss SBunsas38.teBe vuw KEEN WATCH KEPT CH 5 1 1108 Vecusm Oht-- i1 U. S. Business Vitally Inter- 1 g, 5 Ala Pow ested in Result of World Conference. 8 sEEEEesEnninisens: BY JOHN F. SINCLAIR. Bpecial Dispatch to The Sta NEW YORK, August 14.—The Hague financial conference, after a few days' rest, gets down to business again this morning. At the table will sit Afllfl‘d: Briand, @R FE IS g 33 ~Q0, DEN2aRp>2RRREEEEES G 138 s Tel |, 130 the French premier, and hi Tk H ] finance minister, Henri Cheron; Philip s 1 130 Snowden, chancellor of the British ates 18, 1% chequer, and Arthur Henderson, Brif 42Bell T Can 180% 180 ain's e g, but astute, foreign Bos & Me 100 © 100 secretary. Gustav Stresemann, Ger- 225 Ny 108144 10814 many's foreign minister, will also be Can Pac 100 =~ 99% there, as will Antonio Mosconi, the dmin 133 113 Italian finance minister. Italy's voice, £S5 Bk - however, will really be carried by Signor Ce: 9% 89 Grandl, officially Italy’s undersecretary b 8 8% for foreign affairs, in reality the close Cig ) ;’nd :l:lr'y intimate representative of cit ve ussolini. git Se t Their job is to work out a plan, it Col Ri possible, for put into operation the Col Young plan, whi it _is hoped will 258 ; = 2 o0 EEd et OF o = take the place of the Dawes plan on September 1 next, Mr. Snowden’s demand—backed by Premier Ramsay MacDonald and every shade of British political and business opinion—for the allocation of a larger re of reparations to Great Britain before the Young plan is officially ac- cepted caused an acrimonious d - sion last week which nearly broke up the conference. France objected to Mr. Snowden’s demand and so did Bel- gium. Italy remained neutral. Ger- 1837+ | many naturally took no side. 1%:5| While the conference seemed on the 43 ' |verge of collapse when Mr. Snowden made his several post- ponements of session have served to bring about the hope that a way to surmount Great Britain's objec- tions may yet be found. ‘This he coupled with an intimation that a plan for the evacuation of the Rhineland is in sight, makes today's session of the conference of world-wide t is particularly important to Ameri- can business men since continued pros- perity in the United States is largely dependent upon the ability of Europe to absorb ican goods. Should a stalemate develop at the last moment business in the United States would feel it immediately. However, the outlook for a settlement of the reparations problem is far better than it was last Saturday. 289 ] HEgES o'y’ &5 So much has been written in an optimistic vein of the possibilities of the St. Lawrence waterways—how it will help the great citles of Chicago, Duluth, Minneapolis, Cleveland and all other inland water ports which now have little access to the sea—that the study of Dr. Harold G. Moulton, head of the Institute of Economics at Wash- ington, is worthy of very close study. Dr. Moulton has embodied his study in a book called “The St. Lawrence Navigation and Power Project.” In brief, as a farm-relief plan, he doesn't think much of it. As against a cost of $250,000,000, es- timated by the engineers. he estimates the figures at $712,000,000. This is for a 27-foot depth. But at that depth only 5 per cent of the tonnage of pas- senger-cargo ships now carrying Amer- ica’s foreign and only 38 per cen! of the freight ships could get through. How about shortening the mileage? To ports in Northern Europe, yes, about 300 miles. To South America, the West Indies and even to our own Atlantic Coast the St. Lawrence waterways is & longer route. ‘The Moulton anal year period to complete the work. He S5eSesensesiss @ wwe Fe HRE assumes & 10- allows 50 per cent growth in tonnage memwhueulmz the final estimate of ;8 88 ;'33E.‘i;g:fi!35?38!!3!353838!%8223 &8 FEE SESEE FE Markets at a Glance NEW YORK, August 14 (#)—Stocks irregular; United States Steel reaches 245 Dbefore reacting. Bonds irregular; rails mixed in dull market. Curb ir- regular; Crocker Wheeler rises 18 rolnu. Foreign exchanges steady; ster- ling improves. Cotton easy; lower ca. bles and profit-taking. Sugar higher. firm spot market. Coffee advanced; Bragzilian support. CHICAGO, August 14 (®)—Wheat firm; frost in Canads. Corn crop advices. Cattle steady. to lower. B SRR FSFeRETEEE Bala Wall Street Briefs By the Associated Press. July sales of the John R. Thompson Co., operators of & chain of lunch- rooms, totaled $1,301,810, as against $1,162,972 in the corresponding month last year. ‘The Rubber Exchi of New York has been advised that dealers’ stocks i close of July, as t 33,040 on hand June 30, The American Tron and Steel Insti- tute reports that &roducuon of g iron in the United States during first rodiuchion for the corresponding period Cf for the in 1928 amounted to 18,312,341 tons. Buil and ‘work con- dl;l."h“;n‘l F RS FEEE F St ¥ Wholesale Distributor | 'NEW YORK RECORDING LABGRATORIES 1219 Wisconsin Ave. N.W, Wasning®K, 2. . traffic is 10,600,000 tons annually—] it k from Canada and abouf beh,lI:h m service. congest the St. Lawrence waterways would be closed to navigation dui much of the traffic in Win- ter, In order to effect a reduction of 4 cents & bushel in freight rates (the American farmer not getting all) the United States should have to pay out about 11 cents a bushel. Stated in another way, this Moulton survey shows that. the annual e of this project to the people of and freight charges, would amount to at least $3.50 a ton for such tonnage as would use the route. This statement is & most important one. The Moulton report has already caused ead discussion through- out the Mi le West. ‘The dropping in the price of wheat during the last few days should not cause the farmer to be unduly dis- couraged. ‘The Farm Board has already advised farmers that they should not sell the wheat in a hurry, but to take it easy. If they fear a further dropping in prices, naturally millions of additional bushels will be thrown on the market and prices will be seriously affected. I Klve just received a letter from one of the wisest of Canadian wheat ob- servers. Referring to the crop situa- tion in Western Canada he makes this statement: “The Western (Canada) crop situa- tion is really very bad and we are in for a very difficult Winter.” The American situation has been af gravated by the fact that storage f: cilities, both on the farm and at the terminals, have been unable to handle the crop. This is not, however, so true in Canada as it is in the United States. But & close checking of the world figures up to date would seem to indi- cate that the world wheat crop for 1929 will not be quite equal to the world demand. The reserve carried over from last year's crop will likely be called upon before the year is over. Farmers should not dump their wheat on a falling market, is the advice of | the Farm Board. ‘When Sir Henry Thornton, the Ca- nadian railroad executive, made his re- port to the Mexican government, after a survey of the Mexican railro he inted out the need for a large reduc- jon in the number of employes and the Me: miles of road. This company is the largest portion of the raliway net in the country. Rates are higher than in the United States and Canada. They are doing a substantial and, in many sec. tions, a growing business. But the company has defaulted in its bonded debt for 15 years. Its earnings hardly cover replacement expenditures, to m nothing of the fair return on capital. ‘The reason for this? Naturally the numerous revolutions have helped. The country cannot move along under eco- nomic prostration. But the chief fault really lies in the political character of its ement. Ex-President Calles has decided to re- organize the road and bring order out of chaos. It means a wholesale cut in the operating force and the stopping of many other leaks. He may succeed. He has a gift for organization and eff- clency. Success to him. (Copyright. 1929. by North American News- Paper Alliance.) Picture Sale Plan Ratified. NEW YORK, August 14 (#).—An agreement for sale of sound pictures by Radio-Keith-Orpheum Productions, Inc, to independent theaters on the basis of the capacity of a theater to pey has been ratified by officials of R-K-O and of independent exhibitors in 22 States. PARIS BOURSE PRICES. PARIS, August 14 (#)—Prices were firm on the Bourse today. Three per cent rentes, 74 francs 55, centimes; .5 per cent loan, 103 francs 80 cent Exc] on London, 123 francs 96! centimes. The dollar was quoted at 2! francs 57% centimes. Dressed—Turkeys, 38a40; ens, large, 38a40; medium, 37a38; small, 35; lah;.nu, l!l“’:.ufoofl:,.“mz.: T TS, H H ' g Meats, fresh killed—Beef, 2415; veal, 2 , 30; pork loin, 34; fresh hams, 30a32; fresh shoulders, 22. -Smoked a32; smoked shoulders, 20a22; 30. Lard, in bulk, 15; in packages, 16, “Lh'e stock—Calves, 18; lambs, 12%a chick- HEAVY CANTALOUPE SUPPLY RECEIVED Peach Shipments Are Also Large at D. C. Market. Chickens Cheaper. Fruit and Vegetable Review. The daily market report on fruits and vegetables, com) by the Market News ls‘!rvlce Burelll.l of ?Swulmm Econom- lcs says (sales to jobbers except where otherwise noted) : o Cantaloupes—Supplies heavy; demand Ught, market slightly weaker; East Shore Maryland, salmon tints, flats, ail sizes, 40a65; few holdo as 25; standards, mostly “It appears as if cantaloupes snd peaches just dropped from the sky this morning,” was the observation of a dealer in the commission house district today. “They came from all directions,” he added, “and in quantities that practi- cally glutted the market. Prices dropped accordingly.” Peaches of several varieties and all sizes came by train and truck, most of them from Maryland and Virginia, few coming from Delaware. Dealers quoted $2 as the top price for bushel baskets, plenty good stock selling as low as $1. snn-'l: slightly overripe sold as low as 75 cen! H of Gold, standards, flats, 12s and 15s, 1.00a 1.25; overripe low as 50. Miscellaneous melons, supplies moderate; demand light, market firm; California and Ari- [ zona, honey dews, standard crates, to 9s, mostly 2. 9s to 12s, 2.25a: honey balls, jumbos, 36s and 4! | 450, standards, 36s and 45s, 3 00; |broken crates, 150a2.00; standards, |flats, 12s and 15s, 1.35a1.50. Lettuce—Western stock, supplies lib- |eral; demand light, market dull; Cali- fornia, crates, Iceberg type, 4-5 dozen, fair condition, mostly around 4.00; Col- orado, crates Iceberg type, 4-5 dozen, 3.5024.00, mostly around 3.75. Eastern stock, supplies light: demand light, mar- ket steady; New York, 2-dozen crates, Big Boston type, 75a1.00. Onions—Supplies light; demand light, market about steady. ~Massachusetts and Iowa, 100-pound sacks Yellows, U. 8. No. 1, medium to large size, 2.8523.00, Potatoes—Supplies moderate; demand light, market firm. New Jersey, 150- pound sacks Cobblers, U. S. No. 1, mostly 5.00; some decayed, 3.5024.50. Pears—Supplies light; demand light, market about steady. California, boxes Heaviest receipts of cantaloupes came from the Eastern Shore of Maryland, Anne Arundel County growers also sup- plying fairly heavy receipts of the fruit reported to be of top quality. Eastern Shore of Maryland fruit came packed in crates, while the Anne Arundel County supplies were chiefly in 2-peck baskets. Eastern Shore Stock. Flats of the Eastern Shore stock sold at 50 and 75 cents, double flats bringing 5 cents and $1. Standard crates were offered at $1 and $1.25, while jumbos brought from $1.25 to $1.75. "Home- grown stock, chiefly in bushcl baskets, sold according to size and quality at prices ranging from $1.25 to $1.50. Bartletts, fancy, 3.50a4.00. Wholesalers had some show water- | Peaches—Supplies heayy and not melons from Rappahannock River gro cleaning up; demand Jight, market ers that attracted much attention. Early | weak. Delaware and Maryland, bushel morning demands quickly cleaned up the largest of the stock at $1.25 each, the highest price paid for melons this week. The average run of the melons sold around 60 and 75 cents, few small- er_selling slightly cheaper. Dealers had fresh figs from the Nor- folk, Va.-section to offer the trade to- day. The fruit was large and well col- ored and found fair sale at $6 and $7 a crate of 32 quart boxes. Increased re- ceipts in a few days will bring lower prices. Fairly heavy supplies of grapes from nearby and distant places did not meet a heavy demand. Huckleberries were quoted at $6.40 a crate and black- berries at $5 and $6. Lima beans continued in plentiful supply at $1.25 and $1.75 a bushel. Stringless beans, not so plentiful, found ready sale at from $2 to $2.50 a bushel, | baskets Elbertas. U. 8. No. 1, medium to large size, 1.50a1.75; few fine quality, large size. unclassified. 1.00a1.25; bushe baskets Belles, U. S. No. 1, high as 2.00; medium to large size, 1.25a1.50. Del ware, 6s Elbertas, U. §. No. 1, medium tlnzgnrge size, 1.00a1.25, mostly around ‘Watermelons—Supplies moderate: de- mand moderate, market steady; North Carolina, Thurmond Grays, 32-34-pound average, 75a85c; 26-28-pound average, mostly around 50c; Virginia Radi selects, 60aB5c; extra selects, 40-50- pound; 1.00a1.25. Lima beans—Supplies heavy; demand light, market slightly weaker; East ?t‘lg" Maryland, bushel hampers, 1.50a "Peas—Supplies light; demand mod- erate, market steady; Washington and 5.50a6.00; wax beans, not much in demand, sold | Oregon, ~50-pound _ crates, as low as 75 cents. Dealers h;d plenti- s:}:;-;l?m 45-pound crates mostly ful supplies of numerous other vege- .00. ) tables, eceipts being heavy, they report- |~ Apples—Supplies liberal; _demand light, market about steady; Maryland and Virginia, bushel baskets North- western Greenings and Peters, U. 8. No. 1, 215 inches up, fine quality and condition, 2.00a2.25; Virginia. Wealthys, U. 8. No. 1, 2%; inches up, 1.75. ed, when weather conditions are con- sidered. Fairly heavy receipts of chickens yes- terday and today resul! in dealers quoting cheaper prices. Included in the shipments were many very small chick- ens, the demand for them being light and prices lower than what the larger chickens bring. ‘There was no change in butter and egg prices reported today. Egg receipts continued fairly heavy, many Western firsts included in the receipts, and deal ers report continued losses in candling of current receipt nearby stock. Practically the only changes in prices today were reported in the poultry mar- ket, prices of practically every commod- ity being the same as prices quoted yes- terday. Today’s Wholesale Prices—Jobbers’ Prices Slightly Higher. ‘Butter—One-pound prints, 4415a45%%; tub, 43'284412; store packed, 28a20. Hennery, 38a40; fresh selected, 38 current receipts, 32a33. Poultry, alive—Turkeys, toms, 33;. Spring chickens, medium, 27a28; small, 26a27; Leghorns, 24a25; fowls, 28. roosters, 22; du PROFITS IN STEEL. NEW YORK, August 14 (#).—The advance in United States Steel common this year from a low price of $157.1215 to a record high price of $245 today has swelled the fortunes of George F. Baker and his son and J. P. Morgan and Myron Taylor. George F. Baker, who has made mil- lions this year in the advance of Pirst National Bank stock, is the largest in- dividual Steel shareholder. He owns 76,000 common shares and 500 pre- ferred, while his son, George F. Baker, jr., owns 10,001 common shares. Mr. Baker's paper profits this year on steel amount to $6.438,500, while his son has added $987,847 to his fortune. SILVER QUOTATIONS. NEW YORK, August 14 (#)—Bar sile ver, 52'3. Mexican dollars, 3 " Model 81 DeLuxe Open Console $164 less tubes Besutiful rich walnut console The new Bremer-Tully 9 tube (in- cluding rectifiers) all-electric in- strument scores a bull’s-eye in every desirable feature of radio performance. Its new micro-bal- anced chassis is as precisely made as the finest scientific instruments — 80 perfectly tuned that it gives voice to literally hundreds of far- away stations never heard before. And its super-dynamic 10-inch speaker brings you every note clear, true and distortion-free. The new Bremer-Tully is well named “‘the best seat in the house’ in the great theatre of radio. There’s a Bremer-Tully dealer near you who will be pleased to demon- strate these superb instruments. Hear them today! MANUFACTURING CO. Bivd., Chicago, U. S. A, ¥ ¥ N\ X\ i { N 656 W