davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-08-21
WESTERN MARYLAND
EARNINGS AT RECORD
Greatest Profits in History of Rail
road Reported, Due to Heavy
Coal Movement.
Special DISPATCH to The Star.

Special Dlsnatch to The Star
BALTIMORE. August 2l-Move-
ment of coal over the Western Mary
land Railway continues heavy and
enables the company TO report the
greatest earnings in its history. Re
ceipts from that tonnage the second
week of August We're S2SS.143.49. a
gain of s104 4,243,Ol, of 81 per cent,
compared with the corresponding week
a year ago. Receipts from all classes
of traffic for the week were $50 1896,
Il comparative gain of $102, ,12610. or
25 per cent
For the first two weeks of August
coal contributed s579,093.61 to total
earnings of $1.O17.927.G1. an increase
of $211.292 IS, or 81 per cent, enabling
the company to show a gain of $210.
911S9 or 25 per cent for the two
weeks. despite the fact that receipts
from other traffic dropped some $4,000
compared with a year ago.
For the period from January ! to
August IA total earnings were S13,
791 ,20971. Il comparative increase of
1.S25.29I05. or Is per cent. Coal
receipts again loomed big. contribute
ing S7.1tO.74S.20 to the total. Sl,972,-
2tO.55. or So per cent, more than they
did a year ago.
Earnings from that source made 1t
possible for the Western Maryland
Railway to overcome a comparative
loss of S19S,110.15 in revenue from
other traffic and report the big gain
1t did.
Evening star., 1926-08-21
STOCK LEADERS Up
IN LIGHT MARKET
Transactions Smallest ir
| Some Time-U. S. Steel
Rallies From Drop.
BY STUART r. WEST.
Special Dispatch to The Star

Spectral DlspdH'n 10 ne StdTt
WALL STREET. NEW YORK.
August 21.-On a small turnover the
market today was higher in the stocks
picked out for leadership. Transac-
tions were the smallest they have
been in some time Professional
operators were covering up short CON
tracts put out the day before.
L. S. Steel, which had sold yester-
day afternoon at 1882. was over 3
points higher. This was typical of
what the industrial leaders have been
day they are pushed down in a man
ner to suggest real weakness. The
next day they rally.
The inferences are that prices are
huctuating around the dead level with
of course. the usual exceptions among
individual stocks. Today General
Asphalt was the big feature. 1t was
responding to two sets Of reports; one
that the asphalt and oil properties
were to he separated, the other that
new banking interests We're coming
into the property. This was, however
entirely speculative gossip.
The rally was fairly sharp in sensi-
tive industrals OF the type of General
Motors, Baldwin Locomotive and IIud
son.
General Asphalt preferred. which
has the privilege Of conversion into
common stock at the ratio of one and
one-half shares Of common to one
share of preferred. ran up over Z
points. Atlantic Coast Line was up
some points. and Westinghouse Air
Brake was another feature. Pullman
and Sloss Sheffield were a point or
more higher. and Youngstown Sheet
and Tube rallied.
The market closed steady. with
I 'nited States Steel and General Mo-
tors down from the top. but still re-
tanning part of the early gains
Evening star., 1926-08-21
CHICAGO LIVE STOCK MARKET

CHICAGO, August II Omitted
States Department Of Agricultural
Hogs-Receipts, 5000; very uneven;
practically no demand for light hogs;
market anywhere from Is to 80 lower
than different angles of Fridays
trade; top, 1880; choice 2Oo-pound
averages upward to 1870; selected
slaughter pigs upward to 1850; bulk
30 hounds down to 13.OOa13.35; most
o4O TO 300 pound butchers. 1.90a12.8o;
few extreme weight butchers down
ward to 11.25; bulk desirable packing
sows. 1O.OOa1O.5O; few lightweight up
ward to 1915; heavy rough packers
downward to 9.75, and below bulk
strongweght slaughter pigs, l215a
1926; heavyweight hogs, ii ava 20
medium, 1235a13.50; light. 2.5oa 1850;
light light, 12.50a 1850: packing soWS'
9.75a1O.S5; slaughter pigs, 12.Ooa13o0.
Cattle-Receipts 900 head' CONS
pared week ago receipts largest since
January; seasonably supply of feed
steers largest in years; heavles pre-
dominating. closed soc lower; small
supply on choice yearlings; strong to
a shade higher: other yearlings. most
ly o5 lower; grassers and cake fed. 20
to so lower; stockers and feeders
strong to 25 higher; strictly choice.
1908 pounds and a part load OF 994-
pound yearlngs. 1915; highest of sea
son; early top heavies, 1o.15: fat she
stock mostly so; lower: all cutters. 10
to 25 higher: bulls strong vealers. so
higher.
Sheep-Receipts. 900 head: prac-
ticallv none on sale today; for week,
900 direct and 1S9 doubles from feed
ing stations; fat lambs. closing 80 to
so higher; Gull natives and feeding
lambs, % to so higher; sheep, so to
IS lower; fat yearling wethers, strong
to 20 higher; weeks top fat range
lambs, 1895: native lambs. 1855; fat
yearling wethers. II, so; fat ewes, $50;
feeding lambs, 14.50.
Evening star., 1926-08-21
WALL STREET BRIEFS

NEW YORK, August 2l (E).-The
Foundation Co. which conducts an
international business. now has con
tracts on its hooks aggregating S110,
900, 900. says John W. Doty. chairman
of the board. OF 80 contracts being
handled by the British company, one
is for $4,000, 600 with British railroads.
The company operates in IL countries.
In contrast to a loss of $65.149 in
the first six months of last year. Penn
Sea board Steel Corporation earned
$11.939 in the first half Of 1926 after
all charges. except depreciation. Net
sales for the second quarter were
$679.946 and profit before depreciation.
$7,791.
The Atlantic Coast Line Railroad
has ordered 81 900 tons of standard
steel rails from the Tennessee Coal.
Iron e. Railroad Co. a subsidiary OF
the United States Steel Corporation.
The National Bank of Commerce in
New York takes an optimistic view of
the cotton crop outlook, stating that
poor prospects over most of the old
cotton belt are outweighed in the total
by promising conditions in the two
great cotton states in the West.
Wire mil operations in the Pitts
burgh district range from 30 to 60
per cent of capacity. with improve
ment in specifications for nails and
wire. An advance In the price OF plain
wire is anticipated
Net profit of Yellow Truck & Coach
for the half year was 81 .5t5.22 equal
after preferred dividends to $l65 a
share on the class B stock.
George B.. Allen. executor of the
James =. Duke estate. has been
elected n director of the Guaranty
Trust Co. He is president of the Duke
Power Co. and vice president of the
British Tobacco 60.
Lower prices for heavy melting
steel scrap We're reported from the
Pittsburgh district. dealers having OBJ
tanned supplies at $3.50 ton \
few days ago SIS a ton was the mini
mum. Small sales have been made
to meters at SIS.
Evening star., 1926-08-21
FISHER co. IN MERGER.
Lumber Companies to Join. With
E. F. Fisher as President.

NEW YORK, August 81 R.--A
merger of the FisherHurd Lumber
Co. and the Pritchaid Wheeler Lum-
ber Co. shortly will become effective,
the combination to he known as the
Fisher Lumber Corporation, it is an
nounced by William A. Fisher, presi-
dent of the Fisher Body Corporation
Edward +. Fisher will be president
of both companies. to- succeed O. p.
Hurd, who resigned. James NJ
Clements of Memphis. Tenn, was
made vice president of both com
panies. succeeding Charles r. Fisher,
who resigned
About $4,000 acres of virgin hard
wood timber recently acquired by
Fisher Body Corporations subsid
iaries in Louisiana and Arkansas,
gives the company more than bill
lion and a half feet of standing
timber.
Evening star., 1926-08-21
TRADING IN GERMAN
BONDS FALLS Off
IndustriaIs, Big Feature in
Yesterdays Market, Are
Less Active Today.
BY GEORGE Il. HUGHES.

~pttidj DispdlCii 10 ne star.
NEW YORK. August 21.--In to-
days bond market trading in the Ger
man industrials grew less active. This
had been the big feature in the mar
ket yesterday. Rhinelbe Is, however,
were strong and most of the time
held above the previous close of 111A.
Berlin 612s were actively bought at d.
small advance. The prominence ac-
corded to German issues was in line
with expectations that more of these
bonds are to be fioated in coming
months. The German f1otationS have
been uniformly successful and their
popularity has been an encoura ge
ment to go ahead with similar under
takings.
Est Ry IS were off a half point.
French government IS were un-
changed. The SIS at one time were a
trifle higher. Transactions occurred
in French Cities 6s for the most part
at the single price of 81 Paris, Lyons
4 Mediterranean Is were down a frac-
ton. Bolivia SIS were firmer. while
Brazil Is and SIS were at one stage
offered down a bit.
The United States Government
group scarcely varied at all. Western
Union 61as were a featu in the in
dustrial division, getting up nearly a
point on good-size transactions.
Andees Mining IS We're readily taken
at 104A. Some trading took place in
American Agricultural Chemical 71as,
but without any noticeable change in
prices. Anaconda 6s fluctuated over.a
range of a half point; and the is over
a range of "a of point.
Chicago, Terre Haute and South
eastern issues. which had been so
prominent Friday, were comparatively
inactive. Delaware and Hudson CON
vertlbe os We're firm and Missouri
kansas-Texas adjustments somewhat
better There was a fractional gain
in Missouri Pacific as and slight loss
in Erie convertible "a" The market
for the speculative issues were feeling
the effect of reduced interest in the
same class of stocks.
Evening star., 1926-08-21
BANK CUTS INTEREST.
New Orleans Federal Land Bank
Reduces Rate to 5 Per Cent.

NEW ORLEANS, La. August 81
R).-The Federal Land Bank of New
Orleans yesterday announced re-
duction in it's interest rate on loans
to farmers of Louisiana. Mississippi
and Alabama from 5.5 per cent to 5
per cent. The reduction becomes eff
fective September Ia. Under the
amortization plan Of the bank, officials
said the reduction will enable farmers
through annual payments of per
cent to dispose of both the interest
and principal of the sums they bor-
row within 35 years.
r. F. Davis, president Of the land
bank, said the New Orleans bank had
more loans than any other bank in
the system, total loans since its or
ganization in 1917 exceeding $115.-
600 1000 the first of this year to more
than 10000 farmers.
Evening star., 1926-08-21
CANADIAN TRADE GAINS.
Increase of $71,175,413 Shown

OTTAWA, August II P).-The
grand total of Canadian trade for the
first four months of the present
fiscal year shows an increase of s71,-
175.413 over the total for the same
period last year During this period
Canadas trade amounted to SITS
966711, while for the same four
months last year the total was $647,-
791 ,29S
Domestic merchandise exported
from Canada during the four months
reached a total value of $3.50 .020,9 ,93l.
Imports during the same period We're
valued at $333.976.727. In the cor
responding four months of last year
domestic exports totaled 1851 .407.-
9o4, while imports amounted to $292.-
009 901
Evening star., 1926-08-21
INGOT PRODUCTION LOWER.

NEW YORK;, August 2l OP).-Aver-
age production of steel ingots through
out the industry is slightly below so
per cent of capacity for the first time
in several months. decline of more
than 3 per cent in the last week. Two
weeks ago the average was above 81
per cent. The United States Steel Cor
poration's ingot production is below
81 per cent. compared with slightly
more than 81 per cent last week. Fin
fishing mills show greater curtailment
than ingot output. according TO I'M
official reports received in Wall street
Evening star., 1926-08-21
LUMBER OUTPUT GAINS.

NEW YORK. August 81 P).-For
the first 80 weeks of the year the mills
OF seven softwood lumber associations
reported cumulative orders 222 900 900
feet in excess of production and 81
900. 900 feet over shipments, a sub
stantial increase compared with a year
ago. Conditions for the week ended
August IA were little changed in the
hardwood industry, the National Lum-
ber Manufacturers Association an
nounced. but increased shipments of
softwood contrasted with a reduction
of about per cent in new orders
Evening star., 1926-08-21
COTTON MARKET
|SFA|RLy STEADY
Selling on Low Liverpool Re-
ports Restricted by News
of More Rain.
BY the Associated Press.

NEW YORK. August 21.~-Cotton
futures opened steady; October, 1870;
December. 1913; January, 1879:
March. 1901; May. 11.13.
The Cotton Market opened steady
today at a decline Of l point to an
advance of points. Liverpool cables
were rather lower than due. while
week end reviews of the cotton goods
market read somewhat less favorably
but selling here was restricted by
reports of further showers in Eastern
and Central belt section and the mar
ket held fairly steady.
October sold up to 1915 and January
to 1888, the general list showing net
advance of to 4 points at the end
of the first hour. Business was very
quiet, suggesting that accounts had
been pretty we'll evened up before the
close yesterday and that traders We're
waiting for over Sunday weather de-
velopments or for the Government
crop report. which is scheduled for
publication on Monday.
Closing Cotton Prices.
NEW YORK. August II P.-Cotton
futures closed steady, points up to
Evening star., 1926-08-21
RAILROAD EARNINGS UP.

NEW YORK, August y CP).-An
upward revision has been made in the
official estimate Of earnings on the
common stock of the Chicago. Rock
Island & Pacific for 1926. owing TO the
heavy movement of grain crops and
progress of other crops in the road :
territory. Two months ago $6.74 IA
share was estimated. which has now
been raised TO $40 share. Actual
earnings on the common in 1925 were
81 "a a share
Evening star., 1926-08-21
ARMOUR BUSINESS BETTER.

NEW YORK. August 21 P.-F.
Edison White. president of Armour
& Co. advised the board of directors
at a meeting yesterday that the com
pany's domestic business has shown
Improvement the past 80 days. but
there has been no particular improve
ment in the South American situa
ton. The company is anticipa ting
large movement of meats to the South
with cotton picking under way in the
next few weeks. Regular quarterly
dividends were declared on the I per
cent preferred stock of Armour g.
Co. of Illinois and Armour & Go. of
Delaware
Evening star., 1926-08-21
New Orleans Market.

NEW ORLEANS. August 81 P.-
Cotton futures opened steady. Oc-
tober. 1913; December. 1855; January,
1853: March, 1914; May, 1854.
The cotton market opened steady
today. although Liverpool was lower
than due. First trades were points
up to down and prices gained after
the start with October trading at
1916 and December 1859. AS the
weather was favorable in the belt
the market soon eased to 5 points
and trading became quiet
Evening star., 1926-08-21
NEW LEASE SOUGHT.

The New York Central applied to
the Interstate Commerce Commission
today for authority TO lease for 90
years the Hudson connecting rail-
roads Its present lease expires No
vember IA.
Evening star., 1926-08-21
HUDSON DECLARES DIVIDEND.

DETROIT, August 21 CP.-Direc-
tors of the Hudson Motor Go. yester.
day declared regular quarterly di-
vidend of 87i2 cents on outstanding
capital stock. The dividend is payable
on October | to stockholders of record
September Is of this year.
Evening star., 1926-08-21
PROFITS TAKE JUMP.

NEW YORK, August 81 GP).-lnger-
soil Rand Co. had a more prosperous
half year than a year ago, net profit
advancing to $3,9S0. 400, compared With
$2.7l5.970. This was equal to $3.50 a
share on the common after preferred
dividends. against S2.64 share in the
flrst half Of 1925.
Evening star., 1926-08-21
The Safe Side.

Maid-Mrs. Wilson, would you mind
giving me a recommendation?
Mrs. WilsOn-A recommendation,
Martha? Why. you have only just
come.
Maid-Yes, but you might not be
wanting to give me one when I'm
leaving.
Evening star., 1926-08-21
COTTON GOODS QUIET.

NEW YORK, August 2l.-Cotton
goods markets were quiet today with
print cloths unchanged at as cents
for 64x60s and Sla cents for 6Sx1es.
Raw silks were inactive a. unchanged
prices. -
Evening star., 1926-08-21
BANK CLEARINGS.

SPECIAL Dispatch 10 The star.
NEW YORK. August 2l.-NeW
York bank c,earings. 5000, 600 goo,
New York bank balances. $4,000 900;
New York Federal Reserve Bank
credits. S76, 100000.
Evening star., 1926-08-21
POWER PROFITS INCREASE.

NEW YORK, August 21 lP.-Utah
Power and Light reports balance
of S2.0S1 1875. after preferred dividends.
for the year ended June 80. compared
with s1.73S.039 the year before. Gross
was Sl0,o06.21o, against 50 ,553.121.
Evening star., 1926-08-21
ZINC PRODUCTION GAINS.

NEW YORK. August 81 CP.-
World production of zine in July is
calculated at 100000 short tons by
the American Bureau of Metal Sta
tistics compared with 106.200 tons in
June, the low monthly figure for the
year
Evening star., 1926-08-21
STEEL BOOKINGS FALL OFF.

NEW YORK. August II LP.-
Bookings Of fabricated structural steel
in July approximated $3.50 tons.
against PAT ,050 tons in July last year,
and for the seven months this year,
l.460.950 tons. against | 500 $50 in the
same period of 1925.
Evening star., 1926-08-21

Dividend rates as given in the above table
are the annual cash payments based on the
latest quarterly or half yearly declarations
Unless otherwise noted. extra or special divi-
dends are not included.
sPartly stock; +Partly extra. sPayahle
in common stock, bI' tPlus, & 4fe in stock paya;
this year-no regular rate. b Plus 1917 in
common stock payable 2h % quarterly
Payable in cash or stock. f Plus 2 u % IN
stock. Plus 200 share in stock: h Plu,
stock. Plus 2 90 In stock.
Evening star., 1926-08-21
Markets at a Glance

NEW YORk.-Stock strong; Gen
cral Asphalt highest since 1920. Bonds
steady: rail issues firm. Foreign ex-
changes irregular; continental rates
case slightly. Cotton steady; trade
buying. Sugar and coffee holiday.
CHICAGO.-W Wheat declined; bear
ish Cana dian reports. Corn weak: inn
proved crop outlook. Cattle dull. Hogs
weak.
Evening star., 1926-08-21

More than 80 per cent of the 10000
radio fans who voted. on the subject
lately decided against women as an
nnuucerS
Evening star., 1926-08-21
BOSTON STOCK MARKET.

BOSTON. August 21.-Following is
list of today's highest, lowest and
closing prices for the most active
stocks dealt in here.
Evening star., 1926-08-21
Issue Market Expanding.

New loans To public utilities for the
first quarter of this year fell off nearly
100000 600 as compared with the
same period of 1923. according to
survey of the new issue market by
Dillon. Read & 60. ON the other
hand. some striking rises were shown.
among them being an increase of liz
per cent in the financing for iron
steel coal, etc, and an inCrea So from
s. ,SJ9 900 to $50. $50 600. n change of
2S40 per cent, in the demands of the
industry. Financing for
the oil industry has Increased nearly
279 per cent. Available figures indi-
cate Il 80 per cent increase for the
first quarter in the demands of build
ing. although figures for individual
months show Il marked downward
trend.
The total amount of now issues of
fered in the first quarter of 1925. the
analysis states, exceeded that In tn"
record breaking first quarter Of 1921
by we'll over 100000, 900. That this
Ipws!r rd trend is still continuing is also
shown i'm figures prepared hy Dow
Jones & CO., which indicate an un-
amount of corporate
for the first six months OF
the year. All previous records. ac-
rording to these figures. were broken
by Il total Of So, 1863. $50 $40 for the half
year, on an increase of $i01 ,53t. -
Evening star., 1926-08-21
GERMAN BONDS AND STOCKS.

tOuoted in dollars per million marks;)
Bid. Asked
Ger CIT Nv In 5s I9l4-1S. 10000 $4,000
,,,,bliIc lD11. IS 90 11 90
Evening star., 1926-08-21
NEW YORK STOCK EXCHANGE
Received by Private Wire Direct to The Star Office

@Dranfn&StraOS a 8
Ahumada (x1)..
Air Reductn(t5)
| Allied Chem 80.
| Am Agricul Chm
Am Bosch h......
| Am Brake Sht6)
| Am Rr Rov El(2|
| Am Br Bo pf (7)
| Am Can f2).... .
Am Car&Fdy (e)
| Am Drug.
| Am q For Dow. T..
Am Hide e. Lea.
AN Ice ft1O).
| Am La FIR d..
/ Am Linseed
| Am Linsd pf (7)
| Am Locomot (8D
Am Po&Lt :g1l.
| Am Radiator (4)
Am Safety r t3)
Am Ship & Com.
Am SIN & Ref (7l
Am Sugar (5).
Am Sumatra (n)
Am Tel e. relt9)
An, Tohac r 80.
Am Wool pf % .
Am Woolen
Am Woo, Of (7b.
Am Writ Pa pf. i.
Am Zinc .....
Am Zinc pf.
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Arch er-Da niels.
Armour Of IllfAl J
A $50 Dry Gt2h }
Atchison f7D....
All Birm & At.
AtlC Line(t9 II }
All Gulf & WI.
All Gulf& WI pf.
Atlantic Refng. .
Auto Knitter
Autosales pf . 4
baldwin L 90.
BALTIC & Ohiot5).
Parnsdall A f?l.
Parnsdall 3 t2).
Bethlehem, Steel
Pkln-Mn Tr t4b.
Bk-Man T pft6).
Bkln Un Gt+l1l.
Brown Stoe (2l.
Burrc1Ichs 90.
Butterick. ......
Byer & Co. 80.
Calf Packg 90.
Calf Petrolt2).
Gala han Zinc
Can Pacific t10).
Case Threshing.
Cent Lea ther.
Cent Lea ther pr.
Cerre De P "a.
Certain -Teed (4I
Chand.Cle poo.
Ches & oh ttI2).
Chi Great West.
Chi CIR West IF.
Chi Mil & st P.
Chi Mil & St P nf
C Mil & St 2 ctfs
c Mil& StF pf CTS
Chi & Nwa 90.
Chi r l & Pac...
Childs it2.40).
Chile Cop q NJ.
Chrysler Corp(3)
Coca-Cola o..
Collins g & Aikmn.
Col Gas & Ell go
Col G e. L pf CD
Com Cred f2). :.
Com Inv $500.
Congoieun-N..
Consol Cigar.
Con Gig ars pf(7
Consol pistrihut
Consol Gas t5)..
Cont Can (t6).
Cont Mot t80c)..
Corn Prod(t2 NJ
Crucible Stl CD.
Cuba Cane sugar
Cuba Co t4)
Cuba Co rights.
Cuban Am $ Cd
Cuyarnel FIR 90.
Dawson Chem.
Del & Hud (9).
D r G Wst pf. =.
Devoe& RIA (2.40)
Dodge Bros CT A
Dodge pf o..
Dome Mines 90.
Dupont t14) -.
E.a aStnan tfs) -.
Eaton Axle CD.
Electric Boat. :.
Elec Power & LIZ
Elec Refrig { f2).
End-John go.
Endicott pf 90.
E.rie r r.
Erie Ist pr.
eureka Vac (4).
Famous Pl tJ2).
Fed Min & Snclt
Fed Min pf o..
Federal Truck.
FrstNP 1stt ga 4.
Fisk Rubber -
Foundation 80.
Fox Film A (4).
Freeport-T t-Texas.
Gen Asphalt.
Gen sph pf go.
Gen Cigars (4)..
Gen E.lec (I12)..
Gen tt!cc spt6ocD
Gen G&E A FL "a
Gen Motors (t16l
t;en Ky Sig t4&.
Gimbel Bros.
Ginlbel Br pf CD
Goodrich Ru t4)
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