Evening Star Newspaper, March 16, 1921, Page 27

GULF PORT TRADE Rise in Exports Attributed to . Higher Unit Values—New t Orleans Leads. NEW ORLEANS, La., March 18.— Value of exports in wood and prod- ucts from gulf ports increased from 1920, according to lic by the Lumber T New Orleans. Increase in valu attributed to higher unit rather than increased quantitis products exported 5 Of the principal gulf ports New Or- leans led in the volume exports boards, planks and scantlinz. and of hewn and sawe A order, by Mob Pensacola, practically the same re tive position they occupied in 1919 Total Timber Exports. Total exports for 1920 were 791,000 feel, against 745,430,000 1919, Decreases from 1919 wore year before, 875,000 in 1919 to port, from 85,66 ict, 64 a from 8,000 to ipments of hardwood from New ich ships the great bulk | from the gulf, fell from 69,000 shipments 95,850,000, increased increase from corresponding other gulf ports. Falling Off in Timbers. Cypress “and all other soft woods" showed decreases, while gains were made over the previous year in fir, redwood and spruce. Timbers showed a falling off. ports of staves were fairly well up to normal proportions. Exports of naval stores show de- creases over 1919. One of the im- portant features of the statistics shows the large diversion of naval stores shipments to southern ports. From all ports T the United States those on gulf shipped $58.425 bar- NEW YORK STOCK EXCHANGE. Received by Private Wire Adams Express... Adv Rumley . Ajax Rubber. Alaska Gold Alaska Juno Allied Chemical Allied Chemical pf 88% Allis Chalmert Am Agr Chem Am Agr Chem pf.. Am Beet Sugar. Am Bosch. Am Can. Am Car & Fdy Am Chicle Co. Am Cotton Of1 Am Druggists. Am Express | Am Hide & Le: Am Hide & Lea Am Tee | Am Tee pf. Am International. Am Locomotive. .. Am Safety Razor. Am Ship & Com Am Smelting. Am Smelting pf. Am Steel Fdy. Am Sugar. Am Sugar pf. Am Sumatra. u% % | Am Tobacco (B).. Am Woolen. Am Zine & L i Anaconda. Atchison o Atlanta Bir & Atl Atlantic Cst Line, Atlantic Gulf. Atlantic Gulf pf Austin Nichols Baldwin Loco. . Balto & Ohio Balto & Ohio pf. Barnesdall (B). Beth Steel. Beth Steel (B) Reth Motors Bklyn Rapid Trn. Bklyn Rap Tr ctfs. Butte Copper. Butte & Superior.. Caddo Ofl. bt California Pckg. ... California Petrol. California Pet pf.. 72 Calumet & Ariz... 48% Canadian Pacific. . 118 Case Plow Works. Case (JD pf...... 8 rels of 280 pounds, out of a total of 1,160,385 barrels. Total shipments de- creased 49,242 barrels. Gulf ports shipped 6,007,387 of the 9,162,607 gai- lons of turpentine exported in 1920. Total exports of turpentine decreased 1,509,495 barrels. Washington Stock Exchange LES. ashington Gas 71:s—$1,000 at 100%, $500 a8 1004, 3500 at 106, Washington Railway 4s—8$1,000 at 5815, Washington Kallway gemeral 6s—$1,000 at 90, 31,000 at 0032 tomac_Electric cons. 5s—$1,000 at 3%, 000 at 31, tomae_Electric goneral 000 at 93. Capital Traction—25 at 86, 25 at 80, 25 at 86, at 86 Continental Trust Company—10 at 104, 10 at 108, 10 at 102, AFTER CALL. pelital Traction—20 at 86, 13 at 86, 0 at Lanston Monotype—S5 at 72. Bid and Asked Prices :!3882533;5&&; L A bwy. an . Waahingtoa-Virginia Rwy. Bid: NATIONAL BANKS. American Security and Trust Contigental s 5 Becurlty Savings and Commercial 2 Beventh Street Savings.. Cotumbia Title . Real Estate Titie = MISCELLANEOUS. da Mergeathaler Linotype . 0l "Duteh Magkes Lo Old Dateh Market pfd. The directors of Loew Theaters, Inc., have declared the regular quarterly dividend of 2 per cent on the common stock, and, in addition, an extra divi- dend of 1% per cent. Bolivia has aprpoved the contract for construction of a railroad from Villazon to Atooha, requiring the ne- gotiations for a loan of $7,000,000. Hagerstown dairymen have cut the price of milk, retail, from 12 to 10 cents a quart. 1 the price of cattle feed hus been reduced 40 to 50 per cent. According to the report of the Uew York state industrizl commission, “the decline in manufacturing activ- ity in the state appears to have passed its climax.” The report of the Peerless Truck | and Motor Company for 1920 shows net income after charges and federal taxes of $1.063,206, or 1 a share, earned on the 200,000 shares of cap- ital stock, of $60 par value. McCrory stores sales for February amounted to $1593,491, in contrast to $1,707.988 in Februsry. 19 In the first two months of (his ye were 32,796,549, againsl § the corresponding period o A New York Coffee and Sugar I change membership has been sold for $4,015. The last previous sale of a seat was for $4,500. ~ GOLD FROM EUROPE. NEW YORK, March 16.—Heavy ®old shipments from Europe to New York bankers were boing unloaded teday, while other oconsignments of| bullion were inbou aboard the steamer Aquitania, due here Saturday. The steamer Albania_arrived today from England with §1,750,000 in zo!(ll for Kuhn, Loob & Co. and $500,000 consigned 1o the Iquitable Company. The National Bank of Commerce received $700.000 in gold bars on the steamer Drottningholm, which arrived from Sweden last night. brings $1,700,000 to Bank, $760,000 to Kyhn and an unan- nounced sum to the Guaranty Trust Cacumany. Trust Central Leather. Central Leath pf.. Cerro de Pasco. Chi Mil & St P pf.. Chi & Northwn. Chi Pneu Tool. ChiR I & Pacifle.. ChiRI& P 6%pt. Chi RI& P 7% Pf. Chile Copper. Chino Copper. . Cluett Peabody... Coca-Cola. Colo & Southern Colo & Southn 1st. Deny & Rio Gr Denv & Rio G pf.. Dome Mines. Endicott-Johnson. 68% Erie. Eri i Erle 2d pf. Famous Play Fisher Body. Joe.s Fisk Rubber. Freeport Texas. .. Gaston Williams.. Gen Asphalt . ‘Gen Asphalt pf.... Gen Cigar. ... Gen Cigar pf....:e Gray & Davis. Great Northern pt. Great Nor Ore. R Hupp Motors. Illinois Central. Indiahoma. Indian Refining. Inspiration. Interboro Metro Interboro Met pf.. Intl Agr Chem Intl Agri Chem pf. - Intl Harvester.... Intl Mer Marine. ... Intl Mer Marine pf. Intl Motor Truck. B=8§§§cflii§=fl=i 2 = Intl Paper. Intl Paper (sta) Invincible Ol Island Oil... Jewel Tea. Jewel Tea pl.omaae Kennecott.... Keystone Tire.... Lee Tire & Rubber Lehigh Valley CEL H ST ELE U HHE R R TR CEPF L LLPPRLIT LR AP HHHL L LR LY T B T H TG P L R R R PR T R M Mexican Pe Miami Copper. Middle States Oll. AMidvale Steel. Minn & St L (D)... 104 Minn 8t P &SSM. 6% Mo Kan & Tex 2% Mo Pacific. . H Natl Lead. Natl Rysof M2d.. New Or Tex & M. N Y Alr Brake N Y Central. NYNH&Ha Norfolk & Wstrn.. 9% Northern Pacific.. 79 Oklahoma Prod. Pan-Am Pel Pan-Am Pete Pennsylvania..... 3% Penn Seabd Steel.. 10 Gas Phila Company. Phillips Petroleum 2% Pierce-Arrow tts & g:-nlnd Steel Car.. 85 PublicServof NJ. 61 Pure O Railway Stl Spr Ray Con Copper. Reading. Remington Typr. Rep Iron & Steal.. Rep Motor Truck. gegageigegoassRangyegy S UTFRIE P L SR F T o8 EFLELHLEEEEPUG L PPERE L PERUFER EERLU R L L LU E & g 131 & 3 & H LT A F kL A o et de 4 FLEH S ELRFLELLILLE & E & 3 EH BRasyssszyrefagygepagsuenyy § Open. High. "7/. Close. i H peziyesizgusfesugicuzeyecys 8% 16 % % 1% 2% 8% 0% 85335338355 cugmg garnsnguguanazgdugen i 5 F0E Direct to The Star Office. Open. High. Low. Close. StL&SanFrpf... 0 s '3 80 St Louls Southwn. 28 0% % Santa Ceallla Sug.. 4 Saxon Motors. . % Seaboard A L pf. 10 Sears Roebuck 5% Seneca Copper. u% Shattuck-Arizsos 6 Sinclair Oil.... 2% 2% Southern Pacific.. % % Southern Rallway. 20% 20% Southern Ry pf.... b4 Stand Ol 6f N J... 186 Stand Ol N J ptf. Steel & Tube pf. Stewart-Warner. Stromberg Carb. Studebaker. . Submarine Boat. Superior Oil.. Superior Steel. Tenn Copper. Texas Company... Texas & Pacific. .. Texas & PC & Oil. 135 Unfoni Bag & Paper 0% Union Ol. . Unlon Pacific. Union Pacific pf... 65% United Alioy Steel. 52 United Drug... % United Drug 1st. United Fruit. ... United Ry Inv..... United Ry Inv pf.. United Retail Strs. U S Cast Ir Pipe. U 'S Food Prod. U S Indus Alcohol. U S Realty. U S Rubber. U S Rubber U 8 Smelt & Ref. U 8 Steel. U S Steel pt. Utah Copper. Utah Securities Vanadium Corp Van Raalte 1st pf. Va-Car Chem. Vivadou.. Wabash. . Wabash pf A. Western Md Western Md 24 Western Pacific. Western Union ‘Westhse Air Br Westhouse E & M. Wheeling & L B. Willys-Overland. Willys-Ovld pf. ‘Worthington Pmp. 47 _ Call Money..... HOURLY SALES OF STOCKS. 1lam..... 262600 12m....... 372200 1p.m. 549800 2p.m. 6934 500 e DIVIDENDS DECLARED. Stoek of Pay- ‘ able. American Gas & Blectric q. e Mar: American ‘Gas & Electric pfd, q, $1.50 i Brier Hill Steel Co.. Sugar Apr. 8. $2.00 Mar. Famous Players- Lasky pfd, a $2 ....... Apr. Island Creek Coal q. § Inland Or. Coal pfd, Merk & Co. pfd, a, Prairie Pipe Line, —_— SHORTS DRVEN N FOR SARP LOSSE BY STUART P, NEW “YORK, March 16—Today’s sharp upturn on the stock exchange was the logical sequel to the over- dolng of speculation on the short side, which had become sufficiently plain on the previous day. It was pointed out at -the time the bear tactics, were to select stocks of the highly speculative type that were easily susceptible to manipulation and push them down in an effort to shake the nerve of the general list. These efforts completely failed of their purpose. ! It was not hard to drive down such mercurial specialties as Mexi- can Fetroleum, ~General Asphalt, Crucible Steel and Atlantic Gulf, but it was quite another matter to per- suade the general market to take these operations seriously. Yester- day waa the final experiment, and as business closed last night it was the firm conviction that the market was oversold and that the bear campaign had broken down. At the opening today, accordingly, there was a further demand from the uncovered short interest which made itself felt in higher prices all around. This buying-in of short contraets did not become general, however, nor asgume any particular urgency until the session was half over. 2 horts Cover Freely. ‘Then the covering movement reached through the entire list and carried prices forward rapidly. The gains among individual stocks were propor- tioned, as naturally would be expected, to the extent to which they had suf- fered from bear attacks. Mexican Petroleum, Crucible Steel, Baldwin Locomotive, United Fruit, tha tobac- cos, Sears-Roebuck, the copper and smelting issues and the steels—these were the leaders in the industrial sec- n. But railway shares moved ahead with scarcely less readiness and It was demonstrated that the short in- terests in quarter of the list, based, of course, upon the uncertainty of the wage problem, had been un- commonly large. Although the advance data on the Studebaker report were exactly borne out by the figures, they apparently had not been balfeved, for Studebaker stock, which had been quite unre- sponsive yesterday, led the entire mo- tor group, following the appearance of the aotual statement this morn- ing. With Studebaker showing over $15 a share earned for 1920, and with accounts coming {n from all sides of a very decided improvement in the automobile industry, it was natural that the buying movement should have particularly favored the motor, motor accessory and tire shares. Ajax Rubber, Goodrich, United States Rub- ber, Fisk and Kelly-Springfield were all very strong. American International ‘While the American International an- nual repqrt states for the first time the number and amount of its hold- ings in other companies, this does not throw the light that necessary to determi: the value of International stock, because it does not state what prices were paid. Investments are car- ried at cost or alightly more than $32,- 000,000, a8 agalnst $30,600,000. at the end of the previous year. The company’s holdings of Marine common and preferred are set down &t 105,000 shares of each, which rep- resents about a fifth interest in the entire issue. - The statement has been made quite,] unofficially, but without denial, that American International did not pay over $80 a share for its Marine pre- ferred. Its United States Rubber, of ‘which it owns only 11250 shares, is supposed to have cost'not far from current prices. The loss here, how- ever, if there is a loss, is incensider- able. Regarding the much discussed ven- ture in Simms Petroleum, there is no particular information contained in the statement that 89,744 shares were owned at the close of the year. It was given out some time ago that the total cost was only & little over $3.200,000, which would have made Internationai pay in the neighborhood of $40 a sl ‘The total loss at current prices for Simms may be estimated, therefore, ~+. something like $2,800,000. LOGAL SECURITIES INFAIR DEMAN Bond Buyers Make Liberal Purchases—Dividends Declared. BY'L A. FLEMING. Business on the local stock exchange was quite active, with bonds furnish- ing a large part of the business. Washington Gas notes sold at 100% at the opening, but firmed back to 100% at the close. Railway 4s were steady at 58% and Radway general 6s sold at 90'z. Potomac consolidated 5s sold at 83% and the general 6s at 9. In the stock list Capital Traction shares furnished the bulk of activity. all sales being made at §6. There were a few sales of Lanston at 72 and Con- tinental Trust shares sold at 104 and 102. Dividends Declared. The Riggs National Bank will pay its regular semi-annual dividend of $13 a share April 15 to sharcholders rage Company will 3 per cent quarterly nd April 1T to stockholders of record March 31. Oversubser on to Certificates. Bankers were not disappointed in their belief that the April 15 certifi- cate issue would be oversubscribed ¢ that the Treasury will al- riptions. Wall Street Notew. It is stated, with some measure of positiveness, that Henry Ford does not ny financing in” the immediate future. A short time age the banks were figuring on heavy borrowing and high rates. The statement is from Detroit that business “has im- ved ko much that Mr. Ford believes an ‘go it alone.” " udebaker earnings for 1920 were 5.98 a common stock, share in 1919, Uncle Sam will suffer in the matter of income tax. American Internatfonal Company earned In 1920 but $3.66 a share on the combined common and, preferred stocks. 2 The railroads should have an excel- lent saving for the fiscal year with an open winter freedom from storms and hindrances to smooth ope- ration, Cumberland Telephone and Telegrpah earnings for 1920, xross $13.947.012 as compared with § 322 in 1919, operating cxpenses increased .245,339 in 1919 to $11,519,942 in 1920 and uncollected revenue and taxes from $324,122 to $934,176. Lack- ing from the government th ed the year after $740.817 deficit. and Northwestern Railroad Company bas just received 2,000,000 from the Treasury. nadian Pacific earned $11.29 a share on the commgn stock in 1920. Dinner to William M. Phelan. At a dinner given by the directors of the Washington Savings Bank, to William M. ‘Phelan, their president, addresses were delivered complimen- tary to the guest of the evening by George B. Bryan, J. D. Leonard, Jo- seph A. Daly, William E. Russell, Jo- seph D. Sullivan, Rossa Downing, Leon Shore, J. T. McCarthy and Wil- lidm Venable. Mr. Phelan responded with due rec- ognition for the efforts of his asso- ciates, and predicted brighter, better things for the bank The following guests were present n addition to those mentioned: John R. Brown, James F. Brepnan, Burt Dixon, E. V. Noyes, John P. Collins, J. P. Hannan, Julius Wenig, John Jacob, Joseph B. Jacobs, W. E. Humphreys, John M. Trant, John B. Morrey, J. Redmond Walsh, Thomas D. Walsh, T. Hanlon, Earle F. Marean, Charles S. Hilbert, Robert J. Earn- shaw, George L. Wallen, Audley Savage, Luke OWReilly and John Ready. FIRM TONE SEEN IN BOND MARKET NEW YORK, March 16.—The bond market shared in the general Improve- ment of the day, but having no short interest to help it as the share list had. the gains were comparatively moderate. Bond dealers reported, however, a more ready demand than they had experienced for several weeks, and it was this enlargement of the business volume rather than the price movement which seemed signifi- he hond K e On market, as eve knows, has. boen held “back. by re necessitles of preparing for the 15th of March tax payment. This has brought a good deal of liquidation by people who needed the money to meet their taxes, while, for the same rea- son, new buying has been restricted, With the " tax period over, with money rates quite likely fo work low- er and with a proper rest baving been glven from the excessive output of now secruities a month ago, the bond market is in deeidedly befter shape and 1ts outlook is more promising than at any time since the close of January. Liberty Bonds Leaders. Liberty bonds were the leader: an_ all-around advance of 4 " 80 cents and special stre fourth 4%s. "!""I e In the railway group one of the fea- tures was Southern -Raflway S which rose nearly a point and a half to §4%. Erie convertible As at 37 were up a point, and Pennsylvania issues all rallied from the extreme depression of the preceding day. The ten-year secured sevens, which had got down ito 100, wers selling this afternoon at 10i%. The new 6%s, which had dropped steadily from 993 to 97%, recovered to 8 On the other hand, the Pennsylvania gencral G wold at 86, as againat $8% yesterday's final. New York Centrai T8 were up a haif point, at 1013, St Paul refunding 4%s were an excep- tion to the general ' tendency, gt ting down to 60, as against 60% the previous day. Union’ Pacific convert. ibles were a fraction higher at §33% Now York, Westchester and Boatos s0ld at 37, as against 37% yesterday They were affected along with the New Haven stock by the news that a receivership for New Haven had been advocated by the attorney for the Associated Industries of Massachu- setts, speaking before the citizens' commission investigating the New Bngland rallway sit; 5 — e NOMINAL GAIN, BUT GOOD. NEW YORK, March 16.—Gross in- come for 1920°0f the American Smelt- ing and Refining Company amounted to $15,747,715, an increase of $1,051,- 972 over the previous year, according to the detailed annual report issued today. Net income.of $6,674,779 in- Greased D¥ $1,079,184, and the profit and loss surplus at the end of the showed a nominal' gain of 12,721 Hfhe report as a whole is better than that of almost any other large company engaged in the mining and smelting industry, as indicated by re- cent returns of the leading copper producers, nearly all of which dis- closed large decreases or deficits. " The statement of President Simon Guggenheim to the shareholdprs said: +“It must be that the bottom has been practically reached, and that any sub- stantial change in the future should be one of improvement.” . TODAY’S BOND PRICES. Noon prices reported to The Star over direct New York-Washington wire by Redmond & Co. City of Parix 6s 1921. French government 8s 3 Government of Switserland 8a. Kingdom of Belglum 7 U. K. of G. B Armour & Co. 41y = ™ Atchison, Topeku and Santa Fe gen. 48 Ar Coast Line T 101 Pacific 4% 1049 (Tiesapeake and Ofo ‘vonv. 4is Chesapeake and Ohio gen. 414 s, Consolidated Gas Delaware and Hudson 7s 1980. Erie en 45, Tuteenational Mer 3 Inter. Rapid Transit 1st_and Louisville and Nashville 0. Kans. and Tex. 1st 4x. ref. 1930. k “Telephone 6s. Nogfolk and Western- con: ot folk ern - Pacific nnsylvanin 1985 Pennsylvania ixvivania gen. mortguge 4148, ling general 4x T tates Stoel 8. F. rgina-Carolina Chemical Tigs 1 ilson & Co. 1st Ge. Grain, Produce GRAIN AND PROVISIONS. BALTIMORE, March 16 (Special Potatoes, white, per 100 pounds, 1.25 al. McCormicks, 1.00; cobblers, 1.25 sweets, per barrel, 4.00a No. 2 and culls, 0. Beets, per bunch, 4a Cabbage. per ton, 10.00a14.00. Cauli- flower, per crate, 2.50a3.00. Cucum- bers, per box, 7.00a8.00. Celery, per crate, 2.50a3.00. Eggplant, per crate, 5.00a7.00. Kale, per barrel, 75al.25. Lettuce, per basket, 2.00a3.50. Onions, per 100 ponds, 75ai.10. Parsnips, per bushel, 1 Peppers, per crate, 5.00 0a2.50. Radishes, per Savoy, cabbage, per Spinach, per barrel, Peas, per basket, 3.5024.00. per ‘crate. 2.00a6.00. bushel, 1.25. per barrel, 3.50a6.50; per 23.00; loose, per 100 pound: . Oranges, per box, 3.00a3.7! uit, per box, 2.50a4.50. Tan gerines, per strap, 8.00a10.00. berries, per barrel, 2.00a2.50. berries, per quart, 30a50. Selling Prices at Noon. Wheat—No. 2 red winter, spot, 1. . 2 red winter, garlicky, spot, 1 Straw- bbl., in cargoes; contract corn, Spot, 80% per bushel; March corn, 80%; April, 81; track corn, yellow, No. 3 or better, 84. Corn sales—None. Oats—No. 2, white, 531 per bushel , 51 per bushel asked. { lots of nearby rye, as to quality, 1.50a1.60 per bushel; No. 2 | Cologne 4x SHORT-TERM SECURITIES. pocted Redmond & o) O " .l“ld. Offer. “h "y w5l ‘Anaconda Copper 6s 1929. Anglo-American 0l 7igs 1 Armour & Co. Ts 1830. Canadigh. Pacific 8s 1924. Central Argentine 6s 1927 Chicago, R. 1. & Pacific 6 1922. Coe & & B Louts 6 1020, Yark 8s 192 92 R. ¥. Goodrich 1925, Gult Ol Corporation H. J. Heins Co. 7s 1930 & . R. J. Reynolds Tob. s 192 Roebuck & Co. 7s 182 lexas Co. 78 1928 Unlou Tank Car Co. 7s i930. Vextern Blectric 75 1925....... 99 Westinghouse E. & M. 7s 1931.. 98% FOREIGN BONDS. Quotations furnisbed by W. B. Hibbs & Co. Prices at noon: = Rerlin 4s. : Greater Berlin s Rremen 4158 Coblens 45, i AL EL Ges. 418 19 Mein'ger Rank 38 17 ord, L. Bank 4s 17 Preuss fank 4s. Benliner Bank 4 1733 H % 3 o Tis 48 Darmstade 4s. Dresden 4s. Dusseldorf 4 Excen 4x. Frankfu Frank: 5x French Prem. Rritish vi Hamburg 315 Humburg 4s. Hamburg 434a Hoenigwberg 45, 9 Teipziz 41k talian Italian notes 1925 38! Belgian Rest. bu. 71% Belgian Prem. 6 75 and Live Stock LOCAL WHOLESALE MARKET. Eggs—S8trictl; H souREe—Strictly fresh, per dor. 33; Live poultry—Roosters, turkeys, per 1b. 45a5; H per 1b, 40a45; hens, 4; Keats, young. each, 50a60. ressed poultry — Fresh »);l;:'l;n . per 1b., 42a45; hens, ; roosters, 1b., H turkey, per 1b. 50ass. AT ork—Dressed, small, per 1b., 15; medium, 13a14; heavy, 10813, | Live tock—Calves, per Ib.. 1 10a11; sheep, 3a4; hogs, 10a15. Green fruits—Apples, per bbl., 3.00a 7.00; 5’" basket, 75a2.00; western, per .50 l:‘ “(’\Illr'yrnil oranges, per 3 ‘ornia oranges, e crate, ‘4.:3.‘5.7050, Florida oranges, per grate 40 Grapefruit, per crate, Vegetables—Potatoes, nearby, No. 1, per bbl., 1.75a2.25; northern, per sack, .75; sweet potatoes, per bb] 1, 5.00a6.00; No. 2, 2.00a3.00; yams, per bbl, 4.00a5.00 Lettuce, Florida, per crate, 2.50a3.50. Californtn iceberg I d 3 per 1b, 21; chickens, per 1b., killed lambs, tuce, 4.25a4.5 1.25 maine lettuce, 1.2 .00. per crate, Florida, 4.00a6.00, per bbl, 2008250 i et, 6.0026.50. Tomatoes, per box, 4.0026.00. Onions, per sack, 1 40a;.50; Brussels sprouts, Cranberries, 20.00a25.00 per . O cabbage, 1.00a1.75 per cwt.; new cabe bage, per cwt., 3.00a3.75, —————e e CHICAGO LIVE STOCK MARKET. Spinach Peppers, per bas- western export, spot, 1.62 per bushel. Hay—No. 1 timothy, nominal; stand- ard timothy, 25.00a25.5! thy, 24.00a24.50; No. 3 timothy, -00; No. 1 light clover mixed, 23.50; No. 2 light cigver mixed, 22.00; No. 1 clover mixed, 21.00828.0! No. 2 clover mixed, 16.50820.00; No. 8, 13.00a16.00; No. 1 clover, 21.50a24.50; No. 2 clover, 16.50a20.00; No. 3, 13.00a ample hay, 10.00815.00. Straw—No. 1 nominal; No. 2 straight rye, nominal; No. 1 tangled rye, 17.00; No. 2 tangled rye, 18.00; No. 1 wheat, 13.00a1 No. 2 wh 12.00a12.50; No. 1 oat, nominal, 18.00a 0. 2 oat, 16.00a17.00. CHICAGO, March 16.—Fresh strength developed in the wheat market today, chiefly as a result of buying on the tions. ply, together with goss! and France were asking for offer tended further to give the bulls an advantage. Trade, however, lacked volume. Opening quotations, wiMch varied from unchanged figures to 1 higher, with March 1.66 to 1.66% and May 1.49 to 1.49%, were followed by moderate upturns all around. Corn hardened with wheat. After opening unchanged to % higher, in- cluding May at 69% to 69%, the mar- ket scored something of a general up- turn. Oats were firmer, owing to the ac- tion of other cereals, starting % to % higher, May 43% to 43%, and later holding about initial range. Setbacks in the value of hogs weak- ened provisions. Potatoes dull; cars; northern white, bulk, 5 lower, 1.20a1.30 per hundred- weight; Idaho russets, sacked, 2.35a| 2.50 per hundredweight. T— - Open. Hij o 156 1. receipts, forty-five sacked and Low. Olose. 186% 150 148% 151y .. k-t A8%, “y TR L ) e iy .43 3% 2% A Y COTTON MARKETS. NEW YORK, March 16.—The cotton market opened at a decline of 4 to 9 points today, under liquidation pro- moted by disappointing Liverpool cables. There was also some Liver- ol _selling here, but Wall street gguxhl at the opening decline, while there was scattered covering on re- ports that the trade agreement be- tween Great Britain and R been signed and a firmer tone in the stock market. Futures opened steady; May, 11.70; July, 12.20; October, 12.65; Degember, 12.94; Januyary, unquoted. NEW ORLEANS, March 16.—Prices were lower in the cotton market to- day, selling on the opening being in response to a lower Liverpool than due. Better weather over the belt was also against values in a moder- C Muy. - July. ST 04’ Ma July.. “|ate way. During the first half hour of business prices lost 8 to 17 point: May droppig to 11.28. Futures opened quiet. March, 10.95. May, 11.30; July, 11.74; October, 12.1 December, 12.33, — DAIRY MARKET. BALTIMORE, March 16 (Special).— Poultry—Young chickens, alive, per pound, 30a40; dressed, 34a36; dressed, 36; old roosters, 20; dressed, 22; win- ter, two and one-half pounds and under, 46; 32a40; dressed, 38a42; per pound, 40a54; dressed, 40a556; pigeons, per pair, 50a55; guinea fowls, 50a65; ca- pous, dressed, per pound, 42a53. Egg! (loss off)—Strictly fresh nearby, per dosen, 33; southern, 3. duck eggs, 60. Butter—Creamery fancy, per pound, 49a50; prints, 50a52; nearby creame: 46a47: dairy prints, 20a35; rolls, per pound, 20a32; ladles, 28230 process butter, 30a31; store packed, 19. —_— MONEY AND EXCHANGE. N NEW YORK, March 16.—Prime mer- . cantile paper, 7%a7%. Exchange ir- regular., commercial 60-da; 3.85%. Commercial 3.85%: demand, Francs, demand, 6.95; Belgian franca, demand, 7.29. Guilders, demand, 34.37. Lire, demand, 3. Marks, demand, 1. cables, 1. Greece,” demand, - 1.58. Argentine, de+ mand, 34.12. Brasilian, demand, 14.37, Montreal, 12% Jor oent discount. Government and railroad bonds ';-n'm loans steady; 60 days, 90 days and 6 months, 6}5a7 per cent. bills on- banks, 60-day _bills, cables, 3. . llate vesterday, e had | g Sterling 60-day bills and|Ohio nd heifer: to weak; sales largely 8.0011... s tters 1; 3 Ders and cutters ‘mostly _3.D0a¢.50: .25a6.2. unevenly lows 11.50; early sales about steady; undertone weak. Hogs—Receipts, 23,000 head. large- ly 35 to 50 lower than yesterday's average; spots off more on heavies: lights active; mediums fairly heavier slow, top 10,65; pounds down, 10.25a70.60 i pounds up, 9.10a9.75 Sauaty eady; bulk pigs 80 to 12 10.00a10.50, o Doupdi welght m%hehgfn—d;lel(:lp;q 19,000 head; mbs steady; good ligh! lambs sold 10.25; bulk, 85 Wu:d: down, 9.50a10.25; heavy lambs dull, tending lower; cholce $5-pound lambs, strong weight medium owes ammacy W 6.00; feeder lambs steady. S FINANCIAL NOTES. The Virginia TIron, Ci Company's report for 1 income of $16,346, fm.zn,ns in 19’ interest and federal taxes amounted to $2,140,153, as compared with $1,075,329 net ]l;rofl‘tx m’l!l:d the previous year. The surplus for after 'ment of - dends was $1,367,869. o fiote Subscriptions for Baltimore district to the new issues of treasury certificates, Wwhich closed yesterday, are reported to Ih.t:ne haan‘. 'l:;: efimu.-m of the district’s al- lotment e iot was expects take about $12,000,000. e SOUTHERN BELL DEFICIT. NEW YORK. March 16.—The ann report of the Southern Bell NODM‘::: and Telegraph Company for 1920 shows & sarplus after charges and taxes of 803,240, or $2.87 a share earned on the common stock. This compares with $1,817,750, or $6.60 a share earned in : preceding _year. Orernx enues amounted to $12,¢' operating expenses to $10,5¢ g reven: $1.025,182. For rentals, interest and l'n“l?- cellaneous income more than $1,300,000 ‘was charged off and $1,650,000 was paid in dividen: leaving a deficit for the year of $846,760, compared with a sur, p;ul of more than $160,000 the year be- re. light SHOWS DROP IN EARNINGS. NEW YORK, March 16,—Total earnings of $10,308,387. a decrease of $2,019,493 compared with the previous year, and net sarnings of $1,783,467, a decrease of $2,935,700, are shown in the annual report of the American In- ternational Corporation. Gross slr- plus of $9,353,010 is smaller by $1,10! 567, and the surplus at the end of the year amounting to $2,407,847 showed a shrinkage of $5,161,696. Current assets indicated a strength-, ening of the company’s financial pos tion, cash hlodings amounting to $: 613,338, against $1,817,79¢ in 1919, Call loans of §5,950,000 held in the Jat- ter year were entirely liquidated and merchandige inventories for 1920 of $12,524,000, were reduced by $2,525,000. OIL STOCKS, Quetations furaished by W. B. Hibhe & oul Go. (sow),, 1T nd8.2 §° +843 i = 25 R & © slisSniEdaBalzNutedotyninent o¥isietsBataliteiniyn Allied Explosives Allied Ol merican “Candy Atlantic Petroleum - Blg Hea Cities Service (new). ities Service (old) . itfes Bervice pfd. ‘olonial Tire. Columbian Columbia Syndicate Consolidated Copper Cresson Gold Davis Daly . Dominion "Ofl Dyrant Motors . a Hercules ' Pap Indian_ Packing . Tutercontinental Interuational Petroleum Jerom 3 Mariand : Refinery Mason Vall Merritt Oil ... Midwest 0il’ com. 330 P! Ray Hercilex Ryan Consolidated Creek Producing. Creek (new) Sapulpa _com. Bimmn Petrol Skelly 0l Sweets Co., Swift Intetnation Tonopah Divide opah Extension . United Eastern U. 8 Light Heat com.. U. 8. Light and Heat pfd. Tplied Pront Sharing. B wma asbiat FEREEEF R pr FELCE HE R o gnbe Salt Balt waza RREEEE, S 2= o e R T T s FRIEF g & prd. . Packing .. Y tonal Leather Swift & O FOREIGN EXCHANGE. Quotations furnished by W. B. Hibbs & Selling checks, dollar value London . Paris Warsaw Copenhagen . Cliristianin Stocknolm Amsterdum EXCHANGE - DUPONT NATIONAL BANK Franklin 4424 New York _ Philadelphis Demver Ssa Francisco Owtenge s Resves ¢ fe8 : Oklahoma Gas & Elect. Co. 7%% Gold Bonds 3| mm First Deed of Joseph I. Weller &2 Wam Ly ACCIDENT, burglary. debt—. ry form of human disaster o and compute their averages coa- servatively. IF _YOU are a purchaser of ous! Virst Mortgage Notes on fmprove; property in Washington, x you are insured ...T.-( fnancial. disuster. SWARTZELL, RHEEM HENSEY CO. 727 Fifteenth Street N.W{ Washington, D. C. " THE NATION'S HOME TOWN. JTIZENS SAVINGS BANK Money to iling interest :‘TJ"‘_‘- EQUITABLE CO-OPERATIVE BUILDN& ASSOCIATION Organiged 1879 41s* YEAR COMPLETED Assetn vre. S43T2000.57 Surplus . $L165322.80 Join the Equitable and Save Systematically —make the best of your opportunity to cave. Join the Equitable and ssve systematically each pay day. Subscriptions for the 80th Issue of Stock — - Being Recelved. . L EQUITABLE BUILDING, 915FSENW. JOHN JOY EDSON, President ¥RANK P. REESIDE, Seey. ™% LIBERTY BONDS e oo s o i An Investment Founded on Facts Washington's prosperity— Washinglon's requirements— proven land values—conserva- tive fingmcing—business experis ende—common_sense—on these are founded the security backs jngFour First Mortgages. Ve shail be glad to submit you Investments to suit your requirements. Th asounts of 3250 and up. B. F. SAUL CO. Mortgage Loans 934 N. Y. Ave. NW. Open at 8:30. AM. Every Banking Day Columbia National Bank Capital, $250,000.00 911 F Street Surplus $250,000.00 Financial Energy YOU’LL have to rely upon financial energy to ! keep you going, rather than on your own physical and mental energy, some: day. Every man’s working days are numbered.. e { Store away a few dollars Every Payday in OUR. SAVINGS DEPT. and you'll create a reserve th:s will work for you when your working days are over. Interest Paid on 3% FEamtee $1 Accounts at with as Jittle ss