St. Louis Post-Dispatch
July 20, 1929

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| $ Jersey, after breaking into TODA REG US PA stu PM ) a) LONDON PM ST. LOUIS POST-DISPATCH The Only Evening Newspaper in St. Louis With the Associated Press News Service SPORT EXTRA 81. NO. 317. ST. LOUIS, SATURDAY, JULY 20, 1929.-18 PAQGEs. PRICE 2 CENTS : ¥ o > - ; , | Ss ie ALL STREET | i$, STEEL AT 1 BNEW TOP; GM. + Tiovean's LOW At Least a Score of Rail- = road, Public Utility, ‘Mer- : a chandising and Steel Shares Set Records. ! NEW YORK CENTRAL, RAIL GROUP FEATURE. New York Stock Exchange Reports Total Value of All Listed Stocks Rose $6,342,702,722 in June. By ibe Associated Press. NEW YORK, July 20.—The un- ysual spectacle of United States “Steel common mounting to a new high level while General Motors | Pemmon declined into new low | ground for the year was witnessed Pip today’s brief session of the} H dock market. Prices- generally | ‘moved upward, with at least a ™ score of railroad, public utility, | merchandising and steel issues sell- | ® ing at the best prices in their his-| -@tery. although late profit taking. cut down some of the gains. U. S. | fieel common and General Motors, /spousored by the same banking in-- meterests, have been among the most Fpopular Jeaders of the “Bull” mar- ket, now in its sixth year, and or- dnarily have moved more or less in unison The New York Stock Exchange reported today that the total value of all listed shares increased dur- ing June by $6,342.702,.722, reach- ing $77,264,128,909 as of July 1. sem ‘ee total number of shares listed - lac a from 932,325,297 on June me 0©.945,341.007 on July 1. The tio of members borrowings mst security collateral decreased per cent to 9.15 on July 1, m 9.39 per cent on June 1. | Rail Group Strong. Railroad shares gave one of the Most impressive demonstrations of foup strength. There was an un- f | nection with Indian treaty his life. ; as | States MISSIONARY TAKEN 450 MILES IN ARMY PLANE TO HOSPITAL Anglican Minister in Canada Found Ill by Catholic Priest — Treated by Him. By the Associated Press. SUDBURY, Ont., July 20. Brought by airplane, 450 miles a hospital here, the Rev. P. A. Northam, A .glican fatal within a few days. The patient was brought to Sud- | bury by Flight Lieut. F. C.. Hig- gins of the Royal Canadian Air Force, who was making a flight pay- ments. Dr.*H. K. Mitchell of Sioux Lookout attended the mis- sionary on the flight, administer- ing stimulants. Arrangements were made for an immediate operation. The missionary had his home, practically when Father Sanidon, Rom- an Catholie missionary at f[ort Albany. heard of his plight and took him to the Mission Hospital. Hie was treated for two Sister Marie Elmire who ited by doctors with having saved been ill at unattended. but, informed pneumonia, complications, she plane. ‘ONE PER CENT INCREASE = IN RETAIL FOOD PRICES. last Saturday and announced then | Potatoes, With 15 Per Cent, Led Advance From May 15 to June 15, CU. S. Reports. By the Associated Press. WASHINGTON, July 20.—The retail price of food in the United | per cent be-) tween May 15 and June 15 and has! increased 1 Department of Labor. Potato period, an increase of 15 per cent. with an advance of 7 per. cent. Oranges went up 6 per cent to take third place. The greatest decrease was re- ported for cabbage, which was & per cent cheaper. Onions fell 5 per cent and lamb, hens and flour 2 per cent. Increases were reported in 44 of the 51 cities from which statistics were obtained. were announced (for Rochester. Boston, Houston, Little ficial report that a revised Inter- Mate Commerce Commission con-. Piidation plan was in prospect. | least a dozen rails eclipsed their vious high prices of the year, meome of them selling at the high- = prices ever recorded, on gains #% "nging from fractions to five : » doints. ® Public utilities also presented : ) weveral points of strength. General ® Gas & Electric A Utilities Power & Light, Engineers Public Service Socialist Leadcr Taken to Private Hospital; Doctors HoPeful. MILWAUKEE, Wis. July 20.— Despite his removal to a private hospital yesterday, Victor I. Ber- ger, 69-year-old former Socialist Congresman, who suffered a skull car Monday, remained in serious condition early today. two nurses ;ctommon and preferred and Inter- shational Telephone all reached new high ground. U. S. Steel was bid up nearly 2 points to a record price at 2097s. but late profit taking carried it back to 207%, off slightly. Gen- eral Motors declined 2 points to 6i%, and closed at 68. Advance in Utilities. New York Centra! was a feature | ef the rails, reaching a record level at 245, and closing at 242. up 2 points. In the utlities, North. American mounted more than 5. Points to a new peak, and closed | ~M@the top. Public Service of New | - new a ; Aigh ground, fell back for a net) : @ of nearly 2 points. | | 8Sendix Aviation was a strong | MPecialty, reaching a new top at)! . compared to a low price of 78 | tng recent listing on this As U. & Steel. which has been | ithe bellwether of the market on © current rise. forged ahead per- 4 sistently to new peak levels, gossip | 8found the street indicated _® Rew price object has been set p88 its goal between now and the | quarterly | | *arning statement comes to hand a | _ time the corporation's | Week form next Tuesday. The fact et the matter is that bullishness en steel has become more wide- perend since it crossed the 200 level h at any time since the hectic ‘time markets. This is per- explained by the belief that Spectacular rise foreshadows something more than a_ record- Ng earning statement, inas- a8 current levels carry the jon of another capital ad- Ment. | Rise in New York Central. > ing &8ggressive with Central stag- lone * rather interesting contest then steel common for the posi- | Sing general market leadership. the commodities, cotton ‘was ®gain in demand, closing 75 vents to $1.25 a bale higher. Wheat, ver. ran into further selling. | "ge 215 to 3 cents a bushe! f @n benrish weather. Corn Gown a cent and more a Closing stock prices with Sther tables and market news Ril be found on Pages 8, 9 and | re. - = Te > ae eee that | Buying of New York Central was | Three doctors and i were in almost constant attendance at his bedside. Late yesterday they reported a slight change for the worse in the condition of their patient. He was running — . . Bd 4 er , r om a ews oe aR em. eS ee ee ay We * Wires n het see LATE RR errs ea: le ; . 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