Markets at a Glance
NEW YORK OP).—Stocks irregular;
motors rally slightly after bear at
tack. Bonds steady; French issues
rally on better feeling abroad. For
eign exchanges mixed; French francs
rally to 2.44% cents. Cotton higher;
firm cotton goods market. Sugar and
coffee holiday.
CHICAGO. —Wheat: Higher; fears
hot spell in the Northwest. Corn:
Firm; unfavorable crop talk. Cattle;
Bull. Hogs: Steady.
; WALL STREET BRIEFS
NEW YORK. July 23 (A s).—Earn
ings of the Southern Pacific, both for
June and the half year, show substan
tial gains over the corresponding
periods of 1925. June net operating
income of $5,153,500 was a gain of
$744,2 49, although gross revenues were
only $17,417 larger. Net operating in
come for the first six months of this
year reached $19,345,942, an increase
of $4,195,61T. Gross totaled $139,189,-
663, a gain of $1,793,065.
Increases in production, shipments
and new business in the week ended
July 17 are shown In reports to the
[National Lumber Manufacturers' As
sociation from 359 of the larger soft
wood and 152 of the chief hardwood
mills of the country, compared with
the week before. Unfilled orders of
231 Southern pine and West coast
mills were 684,309,025 feet, against
>666,508,138 feet the previous week.
Soft wood mills had shipments of 102 I
per cent and orders of 102 per cent
of actual production. For the Southern
pine mills these were percentages 102
and 100 respectively and for West
coast mills 106 and 111.
