Evening Star Newspaper, February 26, 1921, Page 17

r L, WAGE ISSUE UP TO BUGG. FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, SATURDAY, FEBRUARY 26, 1921 —PART 2. FINANCIAL, 5 GOOD GAIN NADE. [NEW, YORK. STOCK EXCHANGE. (K |N RALLY Open. High. Low. Close. 1 Open. High, Law. Close. . } Adv Rumley pf.... 60% 60% B50% 60% | Lackawanna Steel. 55'% 56 634 Y f Ajax Rubber...... 21% 28 2% 28 |LacledeGas....... 41% 41% 4l% | ‘) | Alaska Gola."". 1% 1% 1% 1% |LeeTire & Rubber 20% 20% 20 e Allied Chemical... 4415 44% 4% 44% |Lehigh Valley..... 6% & & Allis Chalmers.... $5% 3% 5% 86% | Loews Inc.. 1% 1% B Am Agr Chem 50 5 Loft Inc. n% 1% { Am Bank Note.... 62 2 Lorrillard. . 53 O% 9% a9 .. 64% 65 B4%h H H it AmCan...... .. 20% 20% 29% New High Record in History. |Amgan-......... =% 2 b . . Am Car & Fdy.... 123% 124 12 7 Washington Gas Firm. Am Express.. ... 124% 126% 126% \ Am Hide & Le: e 9 9 i § BY L A. FLEMING. Am Hide & Lea pf. 44% 44% 41% 44% | Minn & StL. (n)... SECL Z 3 - Am International. 46 45% 46 46% | Mo Kan & Tex. Between the two latest calls of the | 2T Internati 191 49% 49% 49% | Mo Pacific..... controller of the currency, made Decem- | {1 pUtCt0c oo+ 8 S0l fs sk | Mo Pacific pf. ber 29 and the latest, February 21, the |Am Loco pf.... 1071 107% 107% 107 | Natl Acme. . banks of the District of Columbia|Am Mait. 19% 3% 194 19% ) Natl Condult. i 2% T Natl Enameling. ined $2,435,057.13 in deposits, the | Am Radiator. 2% ‘g 2% | Na n 15 n: -1’ banks and savings institu- | Am Safety Razor 75 7% | Natl Rysof M 2d. nationa E s | Am Ship & Com... 14 10% 10% 10% | Nevada Copper.... tions showing good gains and the gy smelting. ..., a1% 41% 41% 41% New Or Tex & M.. trust companies losing moderate | Am Snuff.....,... 103 103 102 102% 5:¥M,5n;ke ount. Am Steel Fdy..... 3 % 30 30 |NYCentral. r Am Sugar a3 3% 9% 9% [N YChi & StL. Savings Institutions Make | Am Beet sugar. Am Bosch. 1547% 16474 15474 onie e Nacho 111 "0% T %&s Yo '|Shares That Have Been Un- Manhattan Elev... 52% 52% b52% May Dept Stores.. 5% ' 1% der Bear Pressure Make Miami Copper..... 18'% 18%% 18% Miadle States Ol D% 1w 1% Best Recovery. Midvale Steel..... 0% 1% 50%e Py o % NEW YORK, February 26.—The .’,Zw ;!‘y 18 lturther recovery in the market this 9% SO 3ME L orning was commonly ascribed to 315 8k 3ip|the rel 62 €1% 62 oyt earlier in the week. No doubt 5% 5'% B4 | this was the true explanation, but it 72 2 7 rapidity of the rally yesterday and 84 8% 83% ! toda and the fact that it wiped out n% 7N T the greater part, and in some Mexican Pete. 157 1584 157 s 1% BY STUART il i rement of short contracts put M4 0% 1% 1qid not tell the whole story. The 49 4812 49 {the entire loss Since last urday vas generally admitted that the | - S ChL & . - o e Jing o o erea ™ as orie of thrift and | Am Sugarpf... 103 103 103 103 INYNH&Hart.. 2% 19 19 | demonstrated how largely short seil- peri = 5 5% | lding. 1. 2 2 82 |ing as contrasted with real liquida- saving, very many people. and espe-!Am Sumatra. .. 8% 85t 85 851 |N Y Shipbuilding. ! S Rt e ; h real liquida cially empioves of “the government | Am Tel & Tele ... 100% NoE et i unelten ERgin Eoreniintns week's opera- being disturbed as to the future | Am Tobacco...... 10% O e i g NO o wed ts were and saving ainst possible con-| Am Tobacco (B).. 118 Nova Scotia Steel. 3 87 n"?‘ morel “i"x:]i:, -‘urml- pore hrnu,lg]n‘ tingencies : | Am Woolen....... &% Oklahoma Prod.... e B news of the receivership. for the AL- In a measure the economical rwrw‘: Am Writing Pr pf. $3 Otis Eievator. ... I 126 |lanta, Birmingham and Atiantic rail- was offset by the large investment|ym 7o o'y eag Otis Steel...... 1% 3% 1 road led to a litte selling here and movement in Treasury certificates. which has grown in importance as the uncertainty of investments in the stock and bond markets h - brought home through the rious ; Atlanta Bir fluctuations in values for these secur- | Atlantic Gulf..... 4% ities. Atlantic Gulf pf... 3.3 The national banks of the District, | Atlantic Ref pf.... 1085 18.393 in deposits, showed a | Austin Nichols.... 10 the tota! of December 29 of | Baldwin Loco..... 9% - {Balto & Ohio...... 84 banks may run up the | Barnesdall (B).... 25% broom on the larzest total deposits | Beth Steel (B). ... §7% they have v\:l:u«(mfivvd. $25,174. Bklyn Rapid Trn.. 12% . a gain of §1,676,280.32. A P BuitaCopperti i : he trast companies. with $54.050.- 1 S0 COF josits, indicated a Joss of | ca9d0Oll. . 1% Sl { California Pckg... 6 % : . California Petrol.. 41 North Carolinn Checks. California Pet pf. . 3% Washinzton Cleiring House Assoc Canadian Pacific. . 116% Pacific Oil. Pan-Am Pete..... Pan-Am Pete (B). Parish & Bingham Pennsylvania Penn Scabd Steel People’s Gas...... Pere Marquette Phila Company. Phillips Petroleum Pierce-Arrow . Pierce Oil. .« pitts Coal Pitts & W Va. Pullman Co. ...... 106 Punta Alegre. . 50% Pure Oil 357 Ray Con Copper. .. 13% Railway Stl Spr... 6 1% Anaconda....... Assets Realzn. .. Atchison. S there amony the very low priced rails. Otherwise it had no cffect, and, on | the contrary. special strength devel- oped in a few of the rails like Kansas Yity Southern and St. Lo South- western. The Atlanta, Birmingham ls. of course, not s even among the roads, and the market y showed that it recognized it thor- oughly! Bears Covering. The strongest industrials were nat- urally those upon which »2ar raiding | had chiefly converged. Such were ! Mexi, 1 Petroleum. Baldwin Loco- motive, International Paper, and the steal. motor and tire shares. The solling of International Paper, in par- ticular, had been greatly overdone. 5,51 tion adopted a resolution prov rhn:!case,“)pgm i Reading.... e It had ignored the fact that despite that on and after February 28 Wash-{ Central Leather. .. Readi x'l’snvh % the recent cut in newsprint, |\rl ! ington banks would accept checks on | Central Leath pf.. 85- Reading 2d pf..... 45 were well above those of Replogle Steel. ... 25 Rep Iron & Steel.. ok Royal Dutch...... 60 StL & San Fran... 2% St Louis Southwn. 2i% St Louis Sown pf.. sl Santa CeciliaSug. 4% Saxon Motors..... & Seaboard Alr Line. &% Sears Roebuck.... 78 Seneca Copper. lo% Shell Trad & Tran. 40% Sinclair Oil....... zsn Southern Pacific. . 78 Southern Fac rgts. 15 Southern Railway. 21% Southern Ry pf.... 67 Stand Oil N'J pf... 1085 Steel & Tube pf. .. 9% Stromberg Carb. .. 3 Studebaker. 9% Submarine Boat... &u the non-par collection banks of North i Chandler Motor 9% Carolina for collection only. and would { Cpi & Alton, . ..... &% not permit credit of sajd checks until A 2 paid. Eventually. with action like this, | SHex & Ohlo.. ... 9% the ‘mon-par banks will be forced to | i & s Join the prompt-pay forces. | CHL M S Not to Be Asxistant Cashier. Chi RI1& P 1% pf.. 3% Officials of the Standard Savings | Chile Copper pres Bank state that, while James Trim- | Ghino Copper. .... 21% ble. jr.. is to join their office force, he | Goca-Cola. 20 Wwill not be assistant cashier, as| C S e stated in this column vesterday. et e Local Secudities { Col Graphophone.. 9's Iway preferred opened at 57% {Col Graph pf...... & this morning. afd gradually eased off | Comp Tabulator. .. §7 . The common stock was also | Cons Cigar........ (3% &% 6 le easier, thirty shares selling | Cons intl Cal Min.. 5% 6 5% {Cons Textile...... was Washington Gas stock, which | COBtCan......... made a new high on the movement |S0Dt Candy when it sold at 44, Corn Products. . ‘Washington Gas 7% per cent notes | Cosden & Co. . ignored the coming ch is certain to make | rkable showing. 1 Wool was nd there w: Ame teader: bound in American Agricultural Chemical, Corn Products, and some other of the s a sharp re- of the sugar shares. On the other hand, Reading had one of its peculiar movements. this time a very sharp {drop. which was not explained by any new developments. hut seemed rather to be the result of further soliing by holders who are disappoint- { ed with the terms of the recent segre- gation plan. Attack on Steel. The attack lannched by a govern- ment official on the Steel Corporation because it has not reduced the prices {if its products has brought out the information from a good source that in so far as the Steel Cornoration ie The strong feature of the session | the Georz Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per doz, 36 southern, 35 Live poultry—Roosters. per 1b. 21: turkeys, per Ib., 10a50; chickens. spring per Ib., 40a45; hens, per 1b., 35a36; Keals, young, each, 50a60. Dressed poultry—Fresh killed spring chickens, per 1b., 42a hens, per 1b.. 36a37; roosters, per b, 25; turkeys, per b., 8. Pork—Dressed. small. per 1b.. medium, 13al4; heavy, 10a13. Live stock—Calv 10a11; sheep, fad; Green fru 15; lambs, per bOL, 3.00: 7.00; per Dasket, ety per box, 5046.00: lemons. per box, 3.00a4 00. Pineapples, per crate. i California ora r crate Florida oranges, per crate Grapefruit, per crate, 4.00a >otatoes, nearby, No. 12.25; northern, per sac sweet potatoes. per bbl. No No.72, 1.50a3.00; vams, per ttu Florida, per lifornia i oy ymbBugs, Spinach, bas box. 1 10a1.50. 30, Cranberries, 18.00 per b 1002150 por ewi. new r basket. Ol cabb: cabbage, HA LIVE STOCK L February 26.—There were 72,000 less head of live siock on Geor- s farms on January 1, 1821, than a r preceding, according 1o an an- nouncement made today by Jonn S. Den- tician for the D reporting the to United Stat of mates, and the statistical d department of vision of ulture. The statistician based D upon rej; received by him d the farm of the state CHICAGO LIVE STOCK CHICAGO, February 2 (48 S, reau of markets)—Cattle —Ret 500 head; compared with a week azo. beef steers stea highe cows and h P2 canners, steady; cutters, . higher: bulls, mostiy 50 higher alves, mosily 100 higher: spos up more; stockers and feedc 25 higher; spots up more; stockers and fecder higher. Hogs—Receipts. 8,000 he 15 to 25 higher than yestc erage; spots, more: closing op. 107a: bulk, 200 pounds active, av- ady to higher. Sheep—Receipts, 10,000 head; today feipts included 7,600 dircct; few »s steady with Friday; comparcd handyweight fat : sheep, yearlings re sa with a week ambs, 1.50a1.( and heavy lambs. 2 pots up more; feeder higher. 1.00 concerned it has postponed its price reductions until around May 15. These reductions will brinz prices more into line with the quotations of the independent companies. The rea- son for this delay is that the corpora- tion wan: to fill as many as possible i 17 iof the orders on its books before it | 10 hegins to slash cuotations. The cor- | 51 [roration has in the neighborhood of 9 |$7.000.000 in unfillea orders. =% { National Enameling. %1 National Enameling and Stampi 1:0% | will sell ex-dividend §1.50 for the firss 674 ;ouarter of this vear on Monday. M| 23 |the last meeting of the directors the | 95 |tli\'itle|u{s fv)\r the vear were declared as usual, which makes the stock sure ";d,mof its divédends for this year af least 1y {In the twelve months ended Decem- 447 [ ber 31, National Enameling earned a Sinet profit of over 24,000,000 which. 1% {after alowinz for tax and bond in- 24% [ terest, left a balance equal to $17.07 a 4 {share on the common. Superior Oll....... 8 Temtor Corn (A).. 1i% Tern Copper...... 8% Texas Company... 4i% Texas & Pacific... 4% Texas & PC & Oil. 6% Third Avenue. .. i Times Sq Auto Sup ‘brought 100 while a small lot in | Crucible Steel. $100 denominations sold at 102. Crucible Steel pf. . Capital Traction 50 brought 87. Cuban-Am Sugar. . Cuba Cane Sugar. . —_—— Cuba Cane Su pf. . Del & Hudson. . Del Lack & Wstn, Denv & RiOGr.... Denv & Rio G pf. 3 % Tobacco Prod. Dome Mines...... 16 15% 5% 155 Trans Contl Oil, Endicott-Johnson. 6% 0% | Transue & Wilms. Endicott-John pf.. 4% Erie........ 13% 2) Caion Oil : Union Pacific. ... 1202 121 Erie 1st pf. Famous players. .. e6% Union Pacificpf... 674 6% Famous players pf tds United 2oy Steel. 24 29 Operating Expenses of Elec- | Sisher Sody»t---- ¢ United Drug...... 9.t 9% United Fruit...... 104 104 Freeport Texas... 17% United Ry Inv. .. 1038 10% tric Line Hotly Attacked T o United Ry Inv pf.. 24 24 G United Retail Strs. 4% 475 Gen Asphalt...... 66% 6ol ! Gen Cigar deb. by Commuters. b ek |USCastlIr Pipe... 15a 15% | S Food Prod.... 3% 4% U SIndus Alcohol. 71 Ti% > Gen Motors. 2 USRubber....... 6% 63 % Operating costs of the Washington- | Goodrich. e U S Rubber 18t pf. 102 102 102 R Virginia Railway Company during| Great Northern pf. U SSteel. . Los% s s | Washington Stock Exchange 1921 were attacked by representatives| Guantanamo Sus.. i 1ok % 1 | US Steel pt. hiata 102% tosts ' of commuters using the d at afUulfdo&Npf. 2 |[Utah Copper...... 6% b0% ¢ - hearing \before E: o );osk_‘ = : Houston Oil € lL'lah Securities 0% 1 10% AR -2 e Examiner Mackley of| ;5 Motors. 1% | Vanadium Corp... 3¢ 3% | Washington Railway ofd.—5 at 57%, 5 at the Interstate Commerce Commission | [llinois Central, .. 837 | Vivadou. ... 6% 6% | 57%, 10 ut 57, 10 at 57 8 | AFTER CALL. toda Indian Refining... 11 1 n 11 | Wabash.... Washington Gas T4s—8$500 at 10035, $300 at * Frank Lyon, representing commut- | (N}ahoMa........ 6% % 6% 6% | WabashpfA,..... 2 20% | 102, $1007ac 100, ers on the Falla Church division of | LUSPITation....... 4% @ 3% % | Western Md. .. 10 10 | Capital Traction 5a—g300 at 57. the road, and E. W. R. Ewing, repre- | loterboro Metro 4% 4% | Western Pacific... 25% :5% 2 Wamhizston Gas LigHe-5 &t 4105 &4, senting citizens of Clarendon and]interboro Metpf.. 12% 125 | Western Union. ... 81% 7% 8% Bi s A Baliston. quizzed W. C. Downs, wn-] Intl Agri Chem pf. 41 47 | Westhouse E & M. 6% % 6% id and Asked Prices ness foF the road, on the cost of power | Intl Harvester.... 985 sy | Wheeling &LE... 9% 9% 9% BONDS to the company, which is supplied| Intl Mer Marine. . by the Potomac Electric Power Com-| (ntl Nickel. . pany. Mr. Downs explained. that pow- | intl k'aper. er will probably cost more during| [nvincible Oil,. » 1921 than it did iast year. ! Island Oil. ... 14% 14 | White Motor. 16% 15m | White Oll.... 5 5ot | Willys-Overland 20% 21ty Willys-Ovld pf. 4 uip Worthington Pmp. 48 45% 48 8% 39% 40 39 40 R A e e PUBLIC CTILITIES, % 8 8 Tel. and Telga. 45 Tel. and Teiga. 41 - % 2 o8 and Tel. etl. tr. Asked. 3 7 & | H $ 1 e John E. Zimmerman of the fir 4 o 3 aud Tel. cons. @ 96 Day & Zimmerman of Ph!lagelr:hi‘;t.!x—h"'a’ s 2% High. Low. Last. AL PotouTaeibe-S who now operate the road. told ‘I‘bi::lnl;a;fris::’gi'l:e :;z s Call Money..... 1 6 6 i Extanias guac 5 = juesticners that the ag i - = - 40% | pital Traction . R. i 8714 TBe Potomac Blectiie Dawer arnpers | Kennecott. ...... Wi ige| HOURLY SALES OF STOCKS. |iih'y Firiun B b 5o ai provides that the traction company!KeystoneTire.... 1s% 16% 15% 1s% | 1lam..... 139300 12m....... 306 £00 ]},‘;{o’"!“"“’t‘,fl i S5 shall pay for power on a sliding scale Potorase Hlachle copital i S in agreement with the cost of coal to! !,.a,,,m,, Electie Power ... . i the power company. He explained | Votomac Flec, Power G, M. 0a. 9 that the power company shall exer- . ey ngton o mn.;,l cige “due dilizence” in the purchase!Noon prices reported to The Star over direct SHORT-TERM SECURITIES. Washington Rwy and Biccits 10015 of its coal, so that it will not cost: New-York-Washington wire by Kedmond & Co. (Reported by Eedmond & C0.) Wash. Rwy. and Elec. G. M. 6s. K money far in excess of the market! city of paris s 1921 961, | Vs, Bid. Ofer. MISCELLANEOUS. = price. Afier April 1. Mr. Zimmerman | Duision of Canada s of 1021 I wus, | American 3 22.. 96% 97 iD. C. Paper Mfg. 6s............ ..... said, coal will cost the Potomac Elec- | French (Government $8.......... American Riggs Lealty 55 (shiort).....0. ‘83 tric Power Company $7.75 a ton. de- | Government of Switzertand 8s... livered in Washington, or about $3 ""‘”u"'mf"“": :vr llfmnralul’,-h Gy & ton at t inew. k. o . aud Ireland 355 &tithe minex Ul K. of G. B. aud Ircland 3igs 19 Cont of Accident F' UK. of G. B. aud Ireland 5igs 1929 Mr. Lyon also questioned the cost of | STOCKS 5 PUBLIC UTILITIES, American Tel. and Telga. . Capital Traction Washington Gas . obucco Co. woaceo Co. Ts | | | Americun | | American Anacouds Copper 6s 1929 Anglo-American_0il 7%+ Armour & Co. Ts_1930. 8 K. of G. B. and Ireland 5izs 1937. A - American Tel. and Tel. conv. 08........ 22 Norfol Vas) 190" or, and Mr. Downs told him that it!Atchison, Topeka and Sants Fe gen. 4%. Lethlehem Steel 75 1923 Washington Rwy. and Elec. pfd. 5714 can reasonably be expected labor costs | Atiantic Copst Line 7s. Canadian Pacific 65 1 : 5% Washington-Virginia Rwy. com. 1 Washington-Virginia Rwy. pfd. 3 NATIONAL BANKS i niral Argentine s 1927... .. 79 0, K. 1. & Pacific 6 19 U & SC Louis 6s 192 and costs of raw materjal will drop to | Baltimore and Ohio conv. 413 an appreciable degree 'by the middle | faltimore and Ohio .. ‘. 38; winter cf [iazaancd aressed, 23a2i. Ducks, | jfinancial situation and the more un BALTIMOR . ——Poultry—Chickens, young, iive per pound. 54a10; dressed. 40; old, 36a38: ickens, 45; old rooste 35242; dressed. 30235 50. Guinea fow . per pound, 10 Capons, per pound lggs—Strictly fresh, nea oss off). per dozen, 36; southern, eERS. 05 Buiter—Creame: 50a51; prints, 51a ladles, 28a30; rol store packed, 1 20a22; process butter, ressed, 3Sa43. Geese, B‘L\v X Pigeons, per pair. 45 35, Tur- ed, 402 ¢ fancy. per pound nearby ereamery. per pound, 0231 COTTON MARKETS. NEW YORK. February 26.—The cot- ton market showed renewed weak- ness this morning. First prices were 9 to 22 points higher on coveri over the week end. Otherwise, demand was reported. however, while the advance met a good deal of south- ern selling and prices soon broke. Futures opened steady: March, 12.00; May, 12.45; July, 12.98; October, 13.54; December, 13. The market showed continued weak ness later in the mornine. selling off to 11.50 for March and 12.00 for May The closing prices were at just about the lowest, but the final tone was steady at a net decline of 23 points. Futures closed steady; March, May, 12.0: December, 13.2 NEW ORLEANS, February Week end covering by shorts a rise of 26— aused ; bulk. 220 pounds up, us\m\ gher; | dairy prints. | to 13 points on the open- | GRAIN BALTIMORE cial).—Pota pounds, 1.25 McCormic weets, per 4.0045.00 beans, green | per. 4.00a6.00 | per box, 13.00; e 5.0086.00; Tomatoe bushel, 1 Apples. N box, apples. o S00a10.00; str per Jarch No. 3 1 tor at 85 Xo. | hishel asked | bushel asked A | westorn expo Hay—No. 1 {ard timothy. othy. 24.00a24 22:00; No. 1 50: No. 00; No. 1 ¢ M 16.00; N 2 clover, <ample 50: N i owin jpricis roacted | fairly zeneral I There {export price bbage, per ton, 17.01 : spinach, barrel, Bag lots of n clover mixed, 16.50a2, CIICAGO, Februa t the s some talk of a mini being placed on Argen- | AND PROVISIONS. February 26 (Spe- . white. No. 1. per 100 5: cobblers, 1.2 10: No. pearl and wax. per ham- : beets_ per bunch, 5aS. 00 cucum- 7.00a8.00; colery, per crate, plants, per : peppers, bunch, 2.0046.50 1. ver’ barrel, 1.50a3 loose, p ] 200, grapefruit, box, X. 3.00a3.75: tangerines, wherries Prices at Noon. red w r. snot. 1 winter garlicky. spot, nary, 1 i Mare 4.00a4.10 . contract corn Februarv corn, 4: _track corn, I35 per bushel ite at STw. Bag lot of No. 3 mixed n sales—Car 1ot of No. 2 yellow a per bushel. Cargo of No. S1% 2 white, 30a501 per 15 No. 4191 per 1.60 per bushel; No, 2 t, £pot, 1.64 per bushel. timothy, nominal; stan mixed, 23.00 r mixed, 19.09 ed. light clo clover m 0. 1 clov: 2. i 16.50220.00: No. 3, 15.004 hay, 10.00215.00. 1" nominal. o rominal: No. 1 tanzled 0. 2 tangled rye. 16.00; | 13.00a13.50; No. 2 wheat. 0. 1 oat (nominal), 15.00 oat, 16.00a17.00. 26.—Whe rt today, the M ng early strength. but 1 qu ¥ because of a adv, tine wheat and country offerings tc ctions. Aft 1 higher, with lanc 1.57 1 car E i Corn r I nected. and cate . jower, 5 wit followed but e art ed off 1= unc | i i to provisions. | NEW YORK. February spring_ patents and Kansas jstraights, § Other arti |arrive wers smallin b at the start in sympathy wi ased off on general sellin |with May 453%. the market rm; n €s unchang er starting % lower to h March at 1.68 to 1.681% % to 15812, a reaction ried prices below yester- ts were larger than ex- while the market was h ttered points indi- farmers are not selling, ai- h the roads g 11 quotations 1erally are good. rength at the start with other-cereals. Aft- hanged to 1 higher, agged. Higher prices for hogs gave strength 5 —Flour— 9.25: soring _clears, aights, 8.15a8. ddle west. 12.10al 1 {UNEASINESS OVER TRADE done much t forts toward | wheat prices up % to 5 c 14 cent. In {varied from cents advance juneti i ma the visible su 11.50; | cent of the ave Tuly, 12.45; October, 13.02: | Pulls were gi {rhat this w jtime for price | new: I| at ons had decided down arket. Compared with a i changed to 1 cent highe Prior to announc _{ington that labor mions A militant position in regard to in- arious other { the wheat market had shown a tendency to advance, a tendency to 40| due more or less to the fact that HINDERS GRAIN ADVANCE CHICAGO. Februa iregarding the v 26 —Uneasiness ndustrial outlook has week 1o pullify ef- trengthening the wheat L 2 week ago. is morning were un- with corn ent, and oats a shade to provisions, net changes 15 cents deciine to 10 h th ent from Wash- wouid adopt 1 as pply totaled only 40 per ‘age amount. Jesides, ng emphasis to talk the traditional yearly s to climb. Then came of the stand which labor organ- | Marand taken, and there was a -turn in values, with a ing of the cotton market today, but{mujolityof traders acting on the as- th was all_the support offered, and prices soon fell off on much the same character of selling that was seen yesterday. The cotton market futures opened steady: March, 11.52; May, 1200 July, 12.74; OCtober, 12.98; Decem-” ber, 13.15. WEEK’S MARKET SLOW; LITTLE PUBLIC INTEREST NEW YORK, February 26—Experi- encing little or no interruption, the stock market this week continued to adjust itself to further changes in the settled state of affairs in general lines of industry and trade. Selling for both accounts, with a preponderance of short offerings, ef- fected increascd impairment of quoted value: of the summer of 1921 H 5 o | z of 1921. Bethlehem Steel tefd: ‘o Gas of New York Ss 1 185 | representative shares of the railroad 2 .\;. m»;n of $79,272, set aside on the | Central of Georgia iy Cudahy Packing_7x ;0 1% 1and industrial divisio Issues of no hooks of the company for “accidents Central Leather ox........ B ¥ Govdrich Ts 1 : i35 "iparticular classification suffered ex- #nd damages.” was questioned by rep- | Clesapeake and ¢ v o orporavon o 19 District . W@ {reme resctions of 3 to over 10 points. resentatives of the commuters. Mr. | Chesapeake and Oblo gen To; Farmers and’ Mec 27 % some selling under low records of la: Zimmerman explained that an item of | (hespiake and Ohio cour. & e Ll T s Federal id0”" | December. & - $39.272 had been set aside to pay wh Sy S 2 Ligkert & Mtors Tobs 6o Liverty B velopments were mainly of a char- might reasonably be awarded by the | or Sl and St Paul rerd Rl Lincoln peDevclopmentay melniyiona chay courts out of current claims against | Chicags Norwestem ai 10 the company, totaling more than | Chi.. Rock Ialind and I $102,000. The item of $40.000, he said, | Chicago Union Station Gigs... ... had been set zside to pay elaims for | Consolidated < 4%, June 15, 1921.. Kiociwr & Gaiole is 1921, . Frocter & Gamble 75 1922 Procter & Gamble 7 192 & J. Rexuolus Tob, 6 1 National damages and aceide T | Delaware and Hudsw % Sears, Roebuck & Co. 72 1y ! pected to arisé dur e 1oy, | Erie geaeral lien x. s Sears, Koet Co. Ts Tozl] e 21| Geperal Electric 6s A Sears, Koebuck & Co. 74 193 2 110’ The compan 1y paid dam- | Titinois Central 51gn.. . . Siuciaic Con. Ol Thn 1925, o e voes jaud 3 | tou Trust age claims averaging $30.000. he said. | Interaational Mercaniile 3 o treet railway companies should | Inter. Rapid Transit 1st and ref. 5s. have an accident reserve larger than ! Louisville and Nashyille <7 1930, e R o e the cost of damages paid during the j Mo.. Kun. and Texas st 4«....... Bwitt & Co. 7y 192 past year,” Mr. Zimmerman said. “It | iwourl Paicie general dx........ S R e T S ot et Al New York Central 7s 1930. Uuion Tank Cur Co. y do . a serious accident, involy- York Central deb. Wescern Electrie 78,102 ing injury to many passengers, might y Westinghouse E. & 3. force the road into bankruptcy. { Souinern Kalway e 1y Soudiwesiern Bell in 1925, SAVINGS EA. * Commerce and Savings......... oot Merchants’ ... Security Savings and Commercial Seveuth Street Saving: fon “Savings ited States FORE] 1GN BONDS. FIRE INSURANCI Norhtern P Pennsylvani: : | Pennsylvania Quotations furnished by W. B. Hibbs & Co. | Arlington 6 Peunsylvania p&loning price | Corcoran 0 3 Peunsylvania gen. erlin 4s. o rman ge en's 20 Georgia Rail Receiver Has Problem ! hoapis shme " ss M3y | Greater Beriin 33 =y | Amiricas 23 oitis and San Franc 617" | Bremen diam.. ... rmay g jonal Union ... T in Court Order. ATLANTA, Ga.. Februars &4 | Chemnits 3. 4715 | Coblenz, 4s.... 38" | Cologue 4 Krupp 45, K TITLE INSURANCE. Columbia Title ... Real Estate Title Louis #nd San Francisco ine. aboard Air Line refdg. is.... L. Bugg, president of t Seatoard Air 1 5 Dunzix 45 e 5= mingham & Atlantic Railway C; | Routhern ¥ Durmstadt 4s. R ucELIaNEODS, who was made receiver of the r ... | Southern Dresden 4s Columbia Graphophone com D. C. Paper Mfg. Co. 1 Dresden 43550 Dusseldort 4~ i Ronthern R y I8 Railway e cline: to state wh C Puper pfd.. ... ther, holding that the Transfer and Stor ransfer aud Stor receivership order gave him authos ¢ 1o} fic Iat ds Paseitiis) - | Merchants : . lower wages irrespective of the United e T S Mergentaler Tinoispe ! States railway labor board,”he would Qi gDateiig ke con o seek to carry ont the road's announced | 5 Humburg 4 Datetng 1 Statex Rubber 7s 19 4 States Rubber 7ige es Steel S, F. rolina Chemical Hambwz 31 Hambarg 1 935 | Hambury 43, ] {m....qm " wage cut. The road concurred in a peti- tion in federal district court here of a creditor, the Birmingham Trust and Sav- ings Company of Birmingham, for a re- ceivership, and Judge S. H. Sibley ap- pointed Col. Bugg as receiver. In the court order, following formal, ng of rity Storaze Washington Market *Ex-dividend. | BOTH UNITEDS DROP. NEW YORK, February' 26.—Reports | ¢ operation “of the "United Cigar | ol g : Z Stores and the United Retail Stores, | Seantoy jeoie; COTTONSEED OIL STEADY. just made public, show substantial de- | Mar. 1 Mar. 15| NEW YORK, February 26.—The cot- in earninzs. The United Re- tonseed oil market closed steady;| tail Stores:in the eleven months ended ! Mar. 31 | prime summer yellow. 6.70a7.00; prime | December 31, 1920, had net income of | Mar. 1| crude, 5.00; March, 6.70; April, 7.00;(%$4,784.239, or §6.03 a shart earned on . war loan 5391 War loan 5w, italian 1 Leipziz 433s... Leipzig Ox. Munich 45 rman gov. s DIVIDENDS DECLARED. bond, the receiver was authorifed “at his Stock of Pay- I S S0 discretion to employ and discharge and | fix wages” of all employves, and the lat- | Boston Woven Hose and Rub- ter are ordered to obey such orders as | her Co.. q. 3. : the receiver may give in discharge of | Lofal his duties, and are enjoined from inter- | $L.7 fering with his management or “prevent- ;21" . ing or seeking to prevent” the discharge | !May, 7.53; Jane. 7.60; July, 7.8%; Au.|the common stock, which compared of his duties. Apr. 11 gust, .00 September, $.30; October, | With net income of sli_.:m,.ia. X orls':;,az a ale: ¥ "ja share in the preceding six months. . gt SRR O AN 100 United Cigar Stores show 1920 net EXPECT DECISION SOON. Mar. 31 { earnings for dividends of $5,029,005 MAXWELL IN CHANCERY. after federal taxes. This is equal to, NEW YORK, February 26.—Railroad _ Mar. 31 aCE $14.53 a share carned on the out- executives express the opinion that a!suerwin Williams Co_ of Can- INDIANAPOLIS, Ind., February 26— [standing common stock after deduc- decision on the wage problem will be| ada, Ltd. pfd. a. $L7 Charles Martindale of Indianapolis was | tion of preferred dividends and com- rendercd by the labor board by April & vtd. 4, appointed by Judge A. B. Anderson in |pares with $4,436479, or $15.16 a 1. Between March.1 and March 10 rep- federal court here as master in chan- | share, earned in the preceding year. resentatives of the employes will present cery for the Maxwell Motor Compiny. ——— their rebuttal testimony and argument, ncorporated, to ve and adfust ali| .o . o’ and the board will then take the case LIBERTY BOND PRICE! aims of credito inst the company | NEW YORK BANK STATEMENT. under advisement, The labor commite| ... P s ES. within the jurisdiction of Indiana. The| NEW YORK, February 26.—The tee of the Railwiy Executive Ansacia- | NEW YORK, February 2G-—Liberty luction is preliminary to a_reorganization | actual condition of clearing house ton will meet Thursday in New York, | bonds closed: ' 33s, 91.08; first 45,|of the Maxwell and Chalmers com- | banks and trust companies for the 86.94 bid; second 4s, 86.36; first 4%s. | panies, which have been merged. Ap. | week shows that they hold $14,340,980 St 86.88: second 41is, 86.50: third 4%s, | pointment of the master was agroed fo | reserve in excess of legal requirements. A method for typewriting by wire-| $9.8%: fourth 41, 86.60: victory 3%s, | by the Maxwell company, according ta| This is an increase of $2,618,610 from less has been evolved. c Y7.46; victory 4%s, ¥7.46. attorneys who filed the petition, last week. 3 : , A (3 | Cumberland Pipe Line.. . acter to discourage public interest, these ranging from further unfavor: able statements of earnings by the Itransportation companics to additional dividend suspensions and expansion of unemployment. The money market was apparently easier, but actually unchanged, so far {as quotations or offerings referred to long-time accommodations. Local banks bought sparingly of commer- cial paper, and bank acceptances were firm on the rigid attitude of the Fed- eral Reserve Board. International credits were again rendered irregular by the shifting of events in connection with approaching conferences of the re| mission, and latest official figures de- noted a sharp fallng off of this coun- try’s foreign trade. R OIL STOCK:! Quotations furnished by W. B. Hibbs & Co. g Bid. Asked. Anglo-American Oil Co. (new).. 181 = 183 Atlantic Retining 9 Borne-Serymser Buckeve Pipe Line Co.... Cheseborough Manufacturing ¢ Continentul Ol ¢ : Crescent Pipe Eu W Pipe Line....... ialena-Signal Oil c lena-Signal 0il Co. Illinois Pipe Line Co Indiana Pipe Line Co. National Transit Co. New York Transportation ¢ Northern, Pip2 Line Ce Olilo O Co........ Pennsylvhnia_ Prairie Oil and Gas Co.. Prairie Pipe Line Co.. Solar Refining Co........ Southern Pipe Line Co... South Penn. Ol Co. & Southwest. Penn. Pipe Line Co.. 07 Standard Oil Co. California. Standard Oil Co. Indiana. i Kansas... .. Standard Oil Co. Kentucky. Swan & Finch Ce Union Tank Line Vacuum 0l Co.... Washington Oil Co! AMERICAN HIDE LOSS. NEW YORK. February 26.—The semi-annual report of the American Hide and Leather Company for the six months cnded December 31, 1920, shows a loss of $6,830,550 after de- preciation of inventory and plant. in- terest on loans and repairs. Tnventory write-off amounted to §$6,000,000. & in all but the morelmunydistricts of the southwe st the moi arations com- ! i sumption that 1of business s Predictions ket, export further as a Corn and oa by the action ta clined. | tent the influe i ern Miller say. winter wheat ctions report | ture | progress of wh ts in. Repo | seot t it las a pe vield, although smalier area. pest_ca 5 preceding weel jagainst 358 i Dun’s Review | against 413. street’s has t like an accen cleavage prev. from leading constructive t material advices Dun’s Re the busines by de; and g various basic entirely lacki opened.” articles used 26, 1 a gain of 1.6 but a loss of like week of TRADE CONDITIONS. NEW YORK, February 2 nals of trade find that here and there throughout the country glimmers of eer in the way of reviving indus- tries are commencing to show through the dark clouds. The record of bu ness failures for the last week makes a good showing in that a decrease reported, compared with those of the failures at 350 during the iew savs: whole, however, the s more encouraging than when the year hopes for a betterment 0on had been impaired. | were current also that the government report on farm re- serves would prove bearish. However, |on the downward swing of the mar- buying developed, and some investment demand counted steadying influence. ts were governed chiefly of wheat. Sharp cur- | {tailment of rural offerings of corn ih came apparent when prices de- Provisions reflected to a large ex- ‘nce of the same factor: that ruled grain. OUTLOOK FOR WHEAT. CHICAGO, February 26.—The Mod- “Crop conditions in the. belt have been improved jby rain and snowfall Practically all ture. and in ample mq so_abundant as to insure rapid | Warren Bros. at when growing weather s as to stand of wheat re more favorable from hard winter| 5 than from soft wheat territory. | “Weather conditions will deter the fc- | ity of green bugs, but visitation of { Armour 10t entirely be eliminated | Armour sibility for cutting down the | Cudah it may be confined to a The Hessian fly is noted in numerous parts of the belt. Jour- k. Bradstreet’s puts the t wee n the preceding wee places that at 46 . Of the general situation. Brad- his to say: “Somethng | tuation of the lines of | iously noted in reports{ lines is to be observed. Indeed, the Zpparel and related trades, if anyihing. send in rather better re- Dorts than heretofore, while, on the | gecured other hand, what might be termed the et 208 o pen s iron and | Jeller ash, R e o . (joseph 1. Weller jig; "o0 and £ . " contribute less favorable | rades, such “ontinuance of tment is indicated velopments in different markets, eral and progressive improve- ment in conditions is vet to be wit- nessed. After months of restricted i demand, “revival- still delayed in industries, and such re- covery as has occurred elsewhere is ng in uniformity. As a tuation is rather FOOD LEVEL UP FIVE CENTS. || is to start an account with this association at once. NEW YORK, February 26.—This week’s food index number, based on]| the prices per pound of thirty-one for food, is $3.16, which compares with $3.11 last week and $4.92 for the week ended February- 20. This week’'s number shows per cent over last week, 35.7 per cent from the last vear. Of the eighty commodities quoted eleven advanced as compared with last week, twenty- eight declined and forty-one remained unchanged. arby rye, as to | im- | 17.00 , | the money {and stock collatoral ifi Ne which ‘were % to} h May 70 to T0%, were moderate declines. H Oats showed s i makers. TIZENS SAVINGS BANK Commercial Accounts Safe Deposit Eoxes Manthly State ment Servies 1336 N. Y. Ave. WILLIAMS' ORDER MAKES HIM TARGET | i i } - Bank Fighting Publication of Salaries Paid Officers, With Data. John Skelton Wil roller of the currency, has b | | ms, who, as con- \ the center of some of the most spectacular | | fights waged on government officials dur- | ———— g0 gl Lre e S ling the Wilson administration, has, on | No Penalty on S:aall Balances. { the eve of his retirement, again become | o7 et for much opposition becauss 4 o Intereat on Savings Account: i | the tar | of his order to a ational ba 1o - R Sublimeatstat = 50 Cents Opens an Account. aggregate amount of salarics u- THE CLINTON BANK | tive oflicers of bank: the number of - uch officers, the salaries paid all other Clinton, Md. | employes and their number. | 'W. Gilbert Dent J. Frank Dent The order for publication was President Cashier jissued in the b February 2 —— - - — S jand the Pittshy ring House Asso- { ciation, on advice of counsel, aziecd that }its national bank uid fur- {nish the information to the controller. ut that it was not required to publish tin the new i FOREIGN EXCHANGE | Followed by Resolution. The order of the controller v lowed ¥ ¥ by & resolution wi i Chairman ) of th banking con roduccd, Checks ! would declare the ontroiler Cable Transfers Foreign Currencies DUPONT NATIONAL BANK Franklin 4424 On Parlg Francais ¥ to be without the banks to publis d officials and employ a subsequent statemeni, Mr jden said that he did not belies controlier now poss: lity, but the passage of such a resolu- 5 would settle the matter. n addition to the information ies. the controiler has ord nks to publish a statement of they had leaned on bond w York city i i L {the b Makesx an Explanation. | The cbvious purpose of incly { of the clayses apparently found ob- | octionabtt In Pittsburghe aatd Mr. | Williams, “‘wa to develop whether money of depositors in national banks being divert-d from its proper | | function of supplying legitimate busi and enterprise arn fancy tes from the need or recklessness of speculators at a distance, and whether disproportionate or improper amounts SUSTAMED INVESTMENT | 1 {of the earnings of the banks are be- | % i ing expended in salaries to officials. SERVICE 11t it difficult to understand why bank- érs who have used such money di creetly and with regard to the rights The mere fact thar this frm is jof their customers and sharcholders ounding out Afiy two -ears of | should object to making this informa- lings in Tiost Mortzags Note tion public.” 1 Washington renl ssmie with : it loss to an invesor ix A festi _ montal greater than conld be weii E (on by any individual elient. % dese CURD STOCKS. firty-two vears have been deveted Quotations furnisied by W. B. Hibbs & Co. IS lis CpReBiias SF SRyt —Close.— Bia. Asked 2 1 SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. - Washington, 1. C. THE NATION'S HOME TOWN. Ameriean Candy . | Ailantie Petrolen Heart....... Ledge [T 2§28 n and Montana. . Roston_ aud W ! Catedoni | Calumet a Canada Copper ... Garbon! Sieet Carib Syndica Trading. . t and Powe ryice (new).. EQUITAEBLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED Ansets ... ...... $4272086.87 Surplus .. - $1,063,322.89 Join the Equitable and Save Systematically Pictores. . ilecla { Hercules Indian T —make the hest of your opportumity | Intercontinenta ‘i R To ‘save. Join the Equitable and save | International senm {new) . systematieally each puy day Jerome V Kay ¢ Subscriptions for the Lake Torpedo ... Teligh Coal and Navigation Lone Star Gas...... Livingston Petrolenn ! dazma_Copror... Teefine 80th Issue of Stock Being Received Shares, $2.50 Per Month 4 Per Cent Interest EQUITAELE BUILDING, 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. Mason § Merritt Nipi orth Amer. Pulp and Northwestern 0 { Omar 0il (new)..... Pennock Oil . Perfection Tire ... Producers and Refiners. Salt Creek D1 Salt Creek (new) Sapuipa_com. Siwms Petroi We specialize in property management. Real Service Iass and Costs No More. B. F. SAUL 0., **\ kst ssos Sweets Co. of Ameri Swift International r h Divide ... Tonopan_Batension Eastern ..o S. Light and Heat com. . Light and Heat pfd United Profit Sharing . S. Steamship. ed Retail € United Texas WE OFFER Subject to prior sale STATE OFl TENNESSEE 4s, ¥ Libby . Natioual Sovl STATE OF CALIFORNIA HIGHWAY. 4Y3s, 7% REAL ESTATE NOTES Conservative Valuations CITY OF SAN DIEGO Secured by first deed of trust on high-class properties. Responsible GLOVER & FLATHER 737 15th St. N.W. A Combination of Frazier & Co. and Redmond & Co. Washington, D. C. 927 Fifteenth Street. Phone Mala 7074-5-6-7-8 New York Baltimore Philadelphia Pittsburgh 1 "Money to Loan | ¢ First Treed of Trust on Leal Estate. Prevailing_interest and_commi Compounded Twice a Year A real home and family are two of life’s best treas- ures. The family starts with a wedding. Wise young people start before then to plan their home. The safe and easy way to accomplish these ideals 5 % Interest on Your Savings : Call at this office for full information. One dollar will start your account | Columbia Building Association 620 F St. N.W.