Evening Star Newspaper, March 17, 1921, Page 27

SYRCKS ERRATE, CMANY WEAK SPOTS Railsi and Industrials, Other Than Motors, Are Under siHeavy Pressure. BY STUART P. WEST. . NEW. YORK. March 17.—During the greater part of the time today the stock market moved with great ir- regularity. There had been a lot of short covering yesterday and the rise nad been too rapid for mew buy to be Wwilling to follow. Morcover profits had accumulated in the hands of the active trading element which seemed pretty attractive. These were all technical circumstances tempora- rily working against the market and it was very significant that so large a part of the list stood up as strong- 1y at all, and this was an indication that the turn which came Tuesday aft- #rnoon and yesterday was looked upon as something more than tem- porary. Motors Are Firm. Motor and allied stocks. including tire shares, the motor accessory and they’ were among the strongest, as had been on previous days. Chandler, Studebaker, Stromberg. Ajax Rubber and United States Rubber were the leaders in this group. The large trading contingent which has been selling Mexican Petroleum short on absurd rumors about the condition and value of the company's oil proj ties were given another 1 the bear party received further punishment besides in stocks like General Asphalt, American Wool and Crucible Steel—all favorite targets ng the recent speculation for the deeline. All the steel stocks were steady in face of heavy profit-taking and their movement undoubtedly was a fair re- | Central Leath pf. 9 damage. floction ot 'a very recent change for | Cerro de Pasco. ... Wheelng &LEBE B 164 10 196 | Cogcd i cnco bunlsh sentiment. On er in influential quarters in White Motor. 3 1 t the feeling et bl L d"?;'; . 5% White Ol. . u 1% 1% howed itanir d'nnm;mbuiln"rfiup A """’“a“-mn:‘:n e s % ot Willys-Overland.. 8 8« 7% 8%|prices. Opening quotations. which L well, and California Petro-. 1% oy | Willys-Ovidpf.... 35 35 84 84 |varied from unchanged figures to % o T Detcutar. gotiveck to ite % B 2| Woolworth 1% 106 104 UK Hlower. with March 138l and May % . 48% 48% 4% 48%[1.51 to 1511, were followed by up- BEn of e year. " e ey | Worthizston Fxop turns that in some cases went well Some New Lows Made. »% %% 2% High. Low. Last. fabove vesterday's finish On the other hand, there were some o 0% 60% CallMoney..... 7 6 6 Corn was upheld by fl,...m;}“ of exceptions to the general drift o s 8 receipts. After opening is off 1o a things. Vanadium Corporation stock | ColiC Copper. [~ 10% 10%| HOURLY ul.ssl?r-' STOCKS. shaas navance. incluing Vo action on the dividend at the meeting | Chino Copper 21 20% B b and then scored slight gains ‘next weel The unhappy Atlantic | Cluett Peabody % ::!‘: a P i Mardcmeal e itle in e absonce Guif and West Indies made its cu Coca-Cola, o i any, sailing pressure. starting a shade | e ptices fou this weok peob. % G U DIVIDENDS DECLARED, el Aiilostss dndy ably could be well enough explained 585 8k 69 Provisions had an un\\ rd s in- as simply a dividenq payer getting 7 T4 6% &% Reading Co. q, $2.. fluenced by the fact that fresh pork ready to £ oft the dividend list. | col Graph pt. © 4 @ 4TI et & i lotng swere selling at the highest atory statement about the company's | Cons Cigar. R ne Subsequentiy buying power gave e Cons Intl Cal Min.. &% &% & . Duy & affairs_was given out from the in- 1 W% 1 out and the wheat market underwent side. Tobacco Products was another W 1 w1 |Temetow: a material decline, despite gossip weak spot. suggesting that the next » current that an embargo against the dividend may not even be paid in Care T TR ":;; ';‘,;“ s TR My, o|imbortation of agricultural products script. as has been the custom since Dy o e s s . into the United States had been de- e A B o e e o | 2 B st e it were 'made, judging by recent (CubaCaneSugsr.. 3 2% B g g March 157a1 573 Precedents. Cuba Cane Su pf.... 6% BALES, ter, when wheat started down- New Haven Shares Soft. Denv & Rio Gr. 3 o b b w..m...n- Oan THr—3$500 at 10015, 3500 e com market wlao enlon: New Haven stock had begun to Tt 184 1% 5% | 2 Ot et T 41,000 at 871 net lower, with May 68%a68% and July | Brgak yeutaraavian \haatatencut b 1% 1% 1% 19%| Polomac Biectric cons, Sr$1.000 4t &3, | 70%. Tittee by the legal representatives B % 6% et [Fractios Do1at o wi Migh Low. Clone of one of the big New England manu- 2% 2% Ve MR e S iehe s At 43, H-m. 5 1603, 1563, 1.57 Jfacturers’ organizations that the only 19 19 18 18| Wassingion Railwas sc-g1000 ar serg |MAZ .o 14T 148 solution for the troubles of the road 124 12% 12% ::» $1.000 at 5&',. $1.000 at 3815 $1.000 at S8is. May ... was a recievership. 0 © July Still heavier selling came into the E:,’,f?,::‘;’,.,".r.. 68 68 ‘;;*!'g‘%l-fl;;y u—%man $1.000 | TUL stock this morning when the testi-{p i gplayerspf 8% 827 - 5. $1.000 at 5 mony of the Boston and Maine presi- | EAMOHS DTSN » Teaction Gs—$1.000 at 871 dent had been read. James H. Hustis. el Y% sion G e 5 head of this road. spoke of New |FlsherBody...... W W% t Triet Company YORK. March 17.—Flour bare- Haven ssiifie weakeat .spot im tie | ¥isk Rnh;or. :;“ bR LR Iw_r-: 101, 1:1 ation 50at o0 Ly steady: pring patents and Kansas 3 a Freeport Texas. .. apital Traction—1 a straights, $.35a8.75; i :f.'"gi,:‘:’":"-"g::ed'{;:'{';’:e“.‘_ et wmu;u W 1% 14| Continental Trust—10 at 101, 10 at 101, S oonn. i nterighcraighty mion that the erisis in the affairs of 3% % 6N Sl Bid and Asked Prices Lard weak, middle west. 11.85a11.95 this road is 8o acute that reliet must : . BONDS Other articles unchanged come right away, sither in the shape ; . o of a further rate increase or a wage % 1K 139% 1K PUBLIC UTILITIES, o COTTON MARKETS. reduction. n% 1% % 3% ineicen T, a4 Taes ... 73 “IEG| NEW YORK. March 17.—The open- s 6 & & American Tel. and - #8% #4 ling of the cotton market here today w W W nd 81 5 |showed the influence of continued MG % % % %% %% |steadiness in Liverpool and somewhat % ™ B W -4 ‘Imore encouraging British trade re- Gray & Davis . 3“’ W% )fl 87 ports. Brokers with Wall street Great Northern pf. 4% 744 2% 2% g clients were good buyers on the open- | Great NerOre..... 2 22 3% N% 2 ing advance of 12 to points, which Greene-Cana: W W W 2R 4 carried May up to 12.03 and July to Gulf States Steel.. 20 0! ! | Haskell & Barker. 54 64 66 64 < 2% opened firm: May. 12.00;| Hendu)fltl Sk e i RS Vel B 0: Gctober, 1289, December. { Houston Of . 6% 6T 6% 2 {Hupp Motors...... 14 W% IT% W Lo el > NS, March 17.—A much 3 ”l lilinois Central. .. t:;'- l;': l:K: E 91 |higher Liverpool market than due Indizhoma. " MISCELLANEOTS. caused a rise on the opening of the Indian Refining... % % D. C. Paper Mfg. 6s. . s ‘ LS Rt BT cotton market here today. Shorts cov- % s 6% Riggs Realty 3¢ (short ered and a fair amount of new buying | e 1o STOCKS for long\account was feit Lot e Futures opened steady. March, 11.25 e May, 11.50: July, 11.98: October, 12 P “4ij | December, 12,60 ! lnu!otor'l‘rm:‘l.. we 32 - L""E“-?l?‘fl;-w:h;f:hegml:‘n‘d—‘ Tru iive ‘Washington Rwy. and El : - 1116 | 1¢1 Truck 24 p Wathington Ry, and Eiec. oia. oo fully middling, 8.11; mid- Intl Nickel. otd. 88y £ Washisgten-Virginia Rwy. pld. 3 low middling, 6.46; good | lehigh Coal and N Tingston Feirsiein Ma gma. 3 Maracaibo ol Marland Refinery Mason Vailey Merritt OV ... Midwest Oil com. . Midwest Oil pfd.. Midwest Rehning . Nevada Ophir. . New Corneiia Nipiming Minex o Perfection Tire 3 Froucers and ueflnm s I B wma 03, 41y a7y L3 o Hwift International ‘Tosopah Divide TMGIvlh h(»nllbl l‘-"“ U. 8 “and com.... VB LIS and Heat pra: Lalied Proot Nuaring Steamship llll" Retail Cand) Talted: Texas.. . Warrea Bros.. Wayland O ‘Wayne Coal West Eod Cor Wright Aero CHICAGO— Armour Leather com.. Armonr Leatber ptd Armour l'id ) king National | l..mr Rwift & Co Usion Carbide NEW YORK mercantile paper, March Prime :a7% ; exchange ir- regular: sterling sixty-day bills and commercial sixty-day bills. on banks. h#dds: commercial sixty-day bills, demand, 3.90; demand, 6. Helgian francs, dems cables .89 -Guilders. de : cables 24.33." Lire, demand. R Marke, demand. 1 1 eece. demand, Argentine, demand, 34.00. Brazilian, demand 14.00 Montreal, 12% per cent discount. Government bonds irregular; rail- road bonds steady. Time Joans steady: sixty days, ninety days, six months, 6':a? per . cent, FINANCIAL. Am Tobacco. as it did with even further ad- [ TOPACE0: vances in various directions. Profit | 7GR RECs taking sales were well absorbed| (7 oiPeh i ge” whenever prices were offered down | 1% 20 & OS¢ Received by Private Wire Direct to The Star Office. Open. High, Low. Close. StL&San Frpf... 29% % 29% 29% B m % W 8t Louls Sown pf.. 3% 38% 38 SantaCeclliaSug.. % 4% 4% Saxon Motors. % % 4 Seaboard AirLine. 6% 6% 6% Sears Roebuck. T T W T Seneca Copper.... M% 1% W% 16 Shell Trad & Tran. 41% 41% 41 4% Binclair O11 Southern Pacifle.. T4% Southern Railway. 21% Standard Milling. . Stand Ol N J pf. Stewart-Warner. Am Chicle Ct Am Druggi Am Hlde & Lea Df. Superior Of1. Tenn Coppe: Texas Company. Texas & Pacific. Texas & PC & Oll. Am Smelting pf. Am 8mit Sec A. Am Steel Fdy Tobaceo Prod. .. ‘Tobacco Prod pf. Trans Contl Ofl :m Snnl’l. . Union Oil. . m Sumatra. Tnlon Ps Am Tel & Tel ion Pecte Union Pacific pf. United Fruit. United Ry Inv. United Ry Inv pf. United Retail Strs. f2la b2l 49% E0% Anaconda... 2% 25%|USCastIrPipe... 16% 16% 16% 16% 31 81| US Food Prod. o2 2% 2% 78% | U S Indus Alcoh 67% 68 s 4% | USRealty. L Atlantic Gulf..... LI R 102 Atlantic Gulf pf. .. 3! » USS:::I:;R! £ mz% 31 Austin Nichols. ... 10 o B e Balto & Ohlo..... Balto & Ohlopf... 49 Sl Barnesdall (B).... 2% 21 2% | Vanadium Corp... 30% 0k 26 28% ‘:: Van Raalte Ist pf... 6% 76% ;l;‘»: ;;‘4 2% 3% Beth Steel 8% pf. .. 101% é % 6% B 6% Bklyn Rapid Trn.. 14% . - W% % % TH Bklyn Rap Trctfs. 9 g 4% | Wabashpf A. 20 20 19% 19% Butte Copper. . % 1| WabashpfB...... 12% 12% 1% 1% Butte & Superior. Webber & Hmbmn 0% 11 0% 1 Caddo Ol California Perl - Western Md. Central Leather. NATIONAL BANKS. = - 188 Keystone Tire. Lackawanna Steel. §3 Lee Tire & Rubber flh Liggett & Myers. American Security and Trust Cantinental t Manhattan Elev... Mathison Alkili. Maxwell Motors. 1 Security Savings and Commercial Seventh, Strect Savings Uniton Saving: Mo Kan & Tex. Mo Pacific. Mo Pacific pf. Mullins Body Natl Acme t1 Condult. \ t] Enameling... 9% Natl RysofM2d.. ® Nevada Copper. ... Merchaotr: : %0 New Or Tex & M. Mergenthaler, Lisotype i NY Alr Brake. 4 ype orfolk & Wstrn.. %% ividend. orthern Pacific.. 8% —_— Nunnally Co.. ) Okiahoma Frod... 3% Orpheum Circuit.. 26% Otis Steel. ... 13% Pac Development. 12 Vac Gus & Elec Pacific Oll. . | Pan-Am Pete Pan-Am Pete (B). €% Pennsylvania. i Penn Seabd Steel.. 10 NEW YORK, March 17.—Improve- 2 “‘,; ment continued in the bond market n today, affecting all classe Phila Company. u At the h 8 of issues. time trading kept .on with the brisker pace set yesterday. Liberty bonds were 10 to 20 cents Phillips Petroleum 25% Plerce-Arrow..... 2% Pierce-Arrow pf Plerce Oil. . further up all around. They were Pierce Ol pf.. obviously feeling the relief of the Pitts Coal. . 69 88 end of the tax-payin jod Pitts & W Va. % 2% % - & neriod and NG Pond Creek Coal % 13% consequent cessation of tax selling. Pressed SteelCar. § 8 8 The better tone extended to the PublicServofNJ. € & & foreign government group. There was especially heavy trading in the French republic §s at 95, which meant a recovery of a point from the recent 2 Ray Con Copper... 12 THE EVENING STAR, WASHINGTON, D. C. THURSDAY, MARCH 17, NEW YORK STOCK EXCHANGE. Grain, Produce and Live Stock GRAIN AND PROVISIONS. BALTIMORE, March 17 (Special).— Potatoes. white, per 100 Ib McCormicks, 1.00: Cobblers, 1.25: ber BBl 4.0026.00. 2 and culls, 2.50 Beans. pearl and wax, per 3.0025.00. Beets, per bunch, Cabbage. per ton, 10.00a14.00. Cauli- flower. per o Cucum- bers. per box, 3 Onions, Pm.«nips. per_crate, 0. Radishes. per voy cabbage. per bu., ch.”per bbl.. 1.50a2.00. Peas, per basket, 3.5041.00. Tomatoes, 0026.00. Turnips, per bu., per bbl., 3.50a6.50; per bo loose, ] per 100 Grapefruit. per bo: gerines, per strap, flfl:\l 00 Cran- berries. per bbl. 2.00a250. Straw- berries, per qt . spot, 1. aniiciy. 167 vellow, spot, 1 803, per h corn, April, S1%; vellow, or better, 84 Oats—No. 2 2 per bushel asked: No. 3, 5 asked. Rve—Bag lots of nearby rye. as to quality, 1.50a1.60 per bushel: No. 2 western export, spot, 1.64 per bushel. Hay- nominal : No. 2 ti hy, 1 light clov mixed, o 2 light clover mixed, No. 1 clover mixed, 2 clover mixed, 16.5 AZ 16.00: No. 1 clover, : N clover, 0L Noi 3 13 0041660 sample hay. 10.00415.00 Straw- 1 nominal ; No . nominal: No. 1 tangled rye, . 2 tangied rye. 16.00 00a13.50: No. 2 wheat, . 1 oat, nominal, 18.00a18.50, oat, 16.00a17.00. CHICAGO. March 17.—Wheat trad- ers quite generally assumed a waiting attitude today pending development of fresh export business or of definite advices of crop damage. Misgiving: 2% 12 low. Reading.......... 1 70 67% 3 Reading 15t pf.... 41 41 41 Swiss 83 were also atronger at| Reading 2d pf. " et 102%. The same accumulation that Remington Typr.. b has been going on for some time in the city of Paris 65 was again evi- dent, carrying them up to 96%. These bonds are being bought in, like the || Royal Dutch. Anglo-French bs were, as largely as 5t Joseph Lea ble in the open market prepara- possi tory to their general rellrelgent or StL & Sen Fran... 1% conversien. into a new issue, 5.21; ordinary, 4.46; sales, 4,000 bales, including 3,200 American: receipts, 1,400 bales, all futures closed steady One of the Ol Banking If ever T to those dis coun fere, wi What accoun | egs. 60. — i Butter—Creamery. ' , i butter, 20a. American; | lest and Best Known Institutions The Largest Savings Department of Any Bank in Washington Open Saturday 5:30 P.M. to 8 P.M. mension; Architect, it is when I contemplate the cause of and in t Your Children Are you satisfled with seeing your chil- dren grow saving. them should anything happen to you? Make up your mind to open a Savings 3% Commercial Accounts Monthly Statements Rendered Foreign Exchange 1921, 2y LOCAL WHOLESALE MARKET. Egge—Strictly fresh, per doz. 32 southern, 32. Live poultry—Roosters, per 1b., 21; turkeys. per 1Ib.. 45a53; chickens, spring. per Ib. a45; hens, per Ib., 34; keats, young. each, 50a60. Dressed ~pouitry — Fresh _ killed spring chickens, per Ib., 42a45: hens, per 1b, 35a36; roosters, per Ib., 25; per Ib.. 50a58. Dressed, small, per Ib., 15; medium, 13a14: heavy, 10a13. Live stock—Calves, per ib.. 14; lambs, 10al1; sheep, 3a4; hogs, 10all. l Members N.Y. Stock Exchange 111 Broadway, - N.Y. R Green fruits—Appies, per bbl, 3.00a : per basket, 75a2.00; western, per 3.5024.50. 0ad. California lemons, per California oranges, per Florida oranges, per Grapefruit, per crate, Washington Office, Colorado Bldg. Telephone Main 1603 G. B. Chipman, Mgr. Vegetables—Potatoes, nearby, No. 1. I per bbl., 1.75a2.25; northern, per sack, 2.50a2. potatoes, per bbl.. No. . 2, 2.0083.00: yams, per ‘Q"III'P. Florida, per California jceberg let- i celery, per doz. 1.2 rida ' cele 0a3.00: Ro- maine lettuce, 1.25a2.00. Cymblings, per crate, Florida, 4.00a6.00. Spinach, per bbl, 2.00a2.50. Peppers, per bas- ket, 6.0026.50. Tomatoe: : LT 00 A O A N G Sz 4.0026.00. Onions. per sa N Rl Brussels sprouts. per 20.00225.00 per bbl. Old M to I_‘oan : new cab- oney Secured by Pirst Deed of Trust on Real Bstate. Prevaill interest and comm Joseph 1. ' lesios. DAIRY MARKET. eller &8 Woub. L. 8 Trem | BALTIMORE. March 17 (Special).— Poultry—Young chickens, alive. per pound. 30a40; dressed, 40; old, 34a36; old roosters, 20: dressed, winter, EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Orxanized 1879 YEAR COMPLETED two and one-haif pounds and under. 45, Ducks, per pound, 32a40: dressed 8a42. Turkeys. per pound, 40a54 dressed. 40a35. Pigeons. per pair, 50 | a%5. Guinea fowls. each, max' Ca- | pons. dressed, per poun 3 Hizics (lone o)osSrelotly freah near- by. per dozen, 32; southern, 31; duck 418" fancy, per pound. | creamery. | rolls. per ! 0: process | , 19. Join the Eqmlable and Save Systematically the best of your opportumi 2 Join the Equitatie asd mve mmmu-uy each pay day. Subscriptions for the 80th Issue of Stock Belag Received Shares, $2.50 Per Moath 4 Per Cent Imterest pound. CHICAGO LIV “CHICAGO. Marc) bureau of markets). - 9.000 head; slow, opening generall steady on all grades and classes calves weak: bulk beef steers. 8.50a : 9.75: bulk fat cows and heifers, 5.75 largely, 25; veal STOCK h 17 (United States ARKET. ‘attle receipte, | S 10.50a11 ers and feeders about ste ! meaty steers, 30, puk 1as o || EQUITABLE BUILDING, pro e || 915 F St NW. ] opened 1 cally stead th vesterday's aver- | ag bulk of 200 pounds JOHN JOY EDSON. President | down. 1015 : bulk of 220 pounds FRANK P. REESIDE, Secy. jup, 8.8 i pigs mostly steady: i Hnnk dexirable, 80 to 120 pounds, 10.00 10.40. LIBERTY BUNUL | More. SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. ‘Washington, D. C. THE NATION’S HOME TOWN. ép. receipts, 17000 head: carly | . light lambs to shippe i . nothing e v:| BOUGHT AND SOLD FOR CASH | taking lower. choice, 96 10 107 D led lambs late vesterday, a 5L|be|-ty 0 X flge' 1. e @4 1ath St N.W. FOREIGN EXCHANG Quotations furnished by W. B. Hibbs & Co. Selling cmk-flfl;l'llr ;l.nI:: London . Yy p‘“ : " | reseis INSURED INVESTMENTS—1 Berlin s , ACCIDENT, burglary. debt— T every form of human disaster can | urich be underwritten today, so Athenn when the blow falls, it wHI Hlemas s ot on you and yours. but on out- v side resources especially prepared to meet it. Insurance companies make exhaustive studies of risks and compute their, averages con- servatively. i First Mo!( ge Notes on impros . . 1s % property | ington, . We specialize in Jourare insured against napciai | property manage- disester. { { ment. Real Service | Pays and Costs No | ' B. F. Saul Co. 934 New York Ave. NW. Atlantie, Gulf & West Indies Gaston, Williams & Wigmore together with other active issues reviewsd in the current number of The Kardos & Burke Review Read by investors and business men throughout the country. Cops will b, deAt free upon request for No. Kardos & Burke STOCKS ANIL, BONDS American Bldg., Baltimore New York < Phlladelphia Direct Privi | \ in Washington. Lincoln Said: feel the soul within me elevate and expand s not wholly unworthy of its Almighty my consequences. before face of the warld, T swoer fidelity te deem it, of the land of my life, my ithout contem; . h are lamlg. Are You Saving for Them? up without your lesson in and without something to protect t and save systematically. Interest Paid on Savings Accounts At Lowest Rates Eighth and H CIT! DEPOSITS B 1336 N. Y. Ave JOHN L. MERRILL, Pres. 1126 Conn. Aye. Telephone Franklin 1169 Cable Office, TIZENS 'AV[NGS BANK FINANCIAL. - o CITIES SERVICE SECURITIES Bought, Sold, Quoted ‘THOS. W. BRAHANY & CO. Investment Securities 510-11 Evans Building Washingtes, D. C. Main 6189 4% Keeping up with your Investments WhEeN making out your Income Tax return you realized thevalue ofhav- ing a complete record of your securities. Our Investment Record fold- er is a convenient form in which to keep this information. We shall be pleased to send you a copy Did You Share InThis HalfMiilion? In 1920 the American Security and Trust Company paid to its de- positors nearly half a million dollars in interest. We pay 3% compound interest on savings. To accommodate Govetment employees and others who receive their salaries twice I; xlb, the of s.30p.m.on t m£ as well as\the usual p.m:_If, however, one of these dates fa holiday, the bank is open until 5.30 on the following business day. On Saturdays we close at noon, but the Central, Northeast, and Southwest Branches are open Saturday evenings from six to eight. Streets, N.E, Member American Bankers Association 811 Fifteenth Street, s of the Compar eenth, :lxtetmh and last days of each lyhnhu bours from 8.30a.m. to 3 Washington Office Ww. Teiepbone: Main 5815 n 1919 our commerce with Peru amounted to $70.893,000. which was more than 50 per cent Peru's total forelgn commeroce. ALL AMERICA CABLES Has made this possible by giv- ing American owned and oper- ated cable communication. Guaranty Company of New York Neo Intangfble Tax. Ne Penalty en Small Balanees. Interest on Savings Acesunts. 50 Cents Opens am Acsount. THE CLINTON BANK L Md. J. Fraak Demt Cashier of You have a right to share in this interest for the coming year— no matter what you are earning. You have a right to the service of a capable bank —and if you fail to take advantage of this right, you ny are now open until on Saturday, Sunday or a ¢ AMERICAN e SECURITY & TRUST COMPANY 15th Street-at Pennsylvania Avenue HOME SAVINGS BRANCHES 7th Street and Massachusetts Avenue, N.W. 436 Seventh Street, S.W. N