Evening Star Newspaper, March 29, 1921, Page 21

-“ ) W, B.A REELECTS FINANCIAL. NEW YORK STOCK Received by Private Wire THE EVENING STAR, WASHINGTON, D. C, TUESDAY. MARCH 29. 191 TODAY’S BOND PRICES. EXCHANGE. Direct to The Star Office. Adv Rumley. Sears Roebuck.... 6% 6% 66% Ajax Rubber. % She’ ek Avison 5% &% 6% Allied Chemical. .. 2% 4% &% %% |SenecaCopper.... M% 15 1% 15 \ Allied Chemicalpf g9 8 8 8 :lnclllroxL .... 2% WU WK BY .“_ 2 Allis Chaimers. ... 31% 3% 6% 25%(Southern Pacific.. 75 164 % 7% Am Agr Chem. o L ’;‘:::::r:g-n:-y. 0% 2% WK N% o Am Agr Chq “" = T y pf. 5% 86 5% 66 241 Per Cent Revenue In- A Bt Sives % a% 2:::;:;{1”{1. . 107% 10T% 107% 10T% Am Bosch e 6 |5 ubepf... 78l TBY% TE% T8W crease Last Year Reported |amca ;| Semarewamer a0 wn wy m Can pf. > = S Am Car & Fay. m 13% ™ 1 % § fa¥ectng Amcaramiyuilin W om, NSRSl o e o AN’ directors of the Washington. | '™ C::‘;L;‘;; Zots on% 20%|TexasCompany... 41% 41% Wik 1% Baltifnore and Annapolis Electric | g 5o, 20 @ % |TeXas&Pacific... 2% 2% 2w 2N railwiay were re-elected at the annual | Am Hide & Lea pf. ws T;]‘:‘;:PCAOII. 7% 29 27 2% meeting of stockholders held vester- | Am Ice. 52 62 Tnbnccov'l::,‘:;A - 18% 18% 1°% ‘::: day aftermoon at Naval Academy :m :ce pr : ‘: Tobaceo T‘rnd' . ;:\6 ;;K ;‘9 & Junotion, and included fl(;eorge‘ T A: Y':“::'::'t:::l e L ';ol StL&WDS... 19% 19% 19% 19% Bishgp, J. J. Doyle. . S. Eaton, F. H. | (7 /0000 10 108 0% 106 |IranaContioil.. 10 10 %4 1 Ginn, James A. Hemenway, Thomas | Am Malt. 0 @ 2 2 u;";::“;lf Wilms. 39 39 ;% Masan and George Weems Williams. [ Am Radiator e WA W D N Gnion Pacifie o e e 108 1% Prepident Bishop submitted his re- | Am Safety Razor.. €% % fi :: ST e s 103%C. 104 portfor 1920, which was unanimously :: g:'n'-",an"nm- ;fi ‘;"2 s6% 9% |Cnited Ry Invpf.. 26% 2% 2% 2% apprbved. In addition to figures for [ AT sm.m“:.“,' D e gnll-d Retall Stre. 49% 49% 45% 49% 1920, the report contained tables | am smitSoc A.... et 6 &% s [[SCastIrPlpe... 1% 17 1% 1% showfing the expansion of €ArnINgS | am Srael Pdy..... s0% 0% 804 W4 |, S¥ood Prod.... 52l 2% 2% 2% from, 1909 to 1920 and also during the | , Sugar o, a% o3 9% nig"’:;elumnnl. 6% 66%4 647 66% P ine obeven-month period gross | Am Sumatra % w19 800 U S Rubber Tet 2. lorre tovie. 1013 1orth revepues of the Washington, Baiti- | AM Tel & Teleg... 100 108% 100 USSmelt& Ref... 28 28 % more and Annapolis Railway Electric | Am Tobaceo (B).. 112 N3 12 18 | ;g O) : 8% 8% BI% = increased 241 per cent, while | Am Woolen..%.... 1% % 1% B |Gggeq e 1w 1o 110 durisg the five-year period there was | Anaconda. . .k SR M| opper @ & a & percentage gain of more than 100 | Asso Dry Good % 2% S| Utan Securities... 11 % 1 u% Per qent. AssoDry G 1stpf.. ez f2'a 2% 62| 0% 04 304 The comparative statement for the | Atchison......... @1 8% 8 81% [ j*ned it % 6% Fearvis as follows: AtlantaBir & Atl.. % 4 3% 4 ou, :{: E’"’: "_m‘ 1920, 1919. Atlantic Cst Line.. 8% 80% 80% 804 21 s 2 mn—_‘._._&nno..m.u $2.165119.75| Atlantic Fruit Co.. 6% b% 6% F4 FargoExp. € 6% 60 8% e T 1 Lsisomoe] AtlanticGult.. .. 39 4% M 0| Western M. . %o 1% 10 10% = 04 0% W% SO0 Weatern Md Zd. 1% 1% 18% aldwin O Western Pacific W% s 1B $555.041.06| Ralto & Ohlo...... 3% M% 82% ::: Western Union.... 86 B1% 86 ' 87T% Balto & Ohlopf... 4 4% 49 | Westhouse E & M. % 6% 8% % 3084 Beth Motors. 2% % 2 | wheeling & LB... 8% 8% 8% 8 Beth Steel (B) % 6% 1% 8% wn”n ng s o 1 £24351.50| Booth Fisheries. .. «% 4% 44 &% |Wnecling&LEpt 15 a8 R % |Bklyn UnfonGas.. 58 18 68 &8 B W M4 T 100 B34S Burns Bro 8 8 8 8 lwiiyeoverland.. 84 8% 3% 8% Do e g wammen| Caddo Ol Ll Wk 8 1 DM witiysovidpr.. L ams m ks alifor rol. . 3 S e WM 18.505.32| Canadian Pucific.. H2H 1% nze 1% (WostRiastyn Runp, JunCEERC e/ e WOk e $588,905. — | Case Plow Works. 6% 6% High. Low. Last. b~ —— 70 SR ontral Leather. - Call Money..... 64 6 6 S E——— M e ng[Contial LeniNpt 2%| HOURLY SALES OF STOCKS. TR oo $357.008.40 $319,399.50 | Chandler Motor. ::: 208600 12m... — 4000 2p.m. 4 OGM?,::’ I:‘n;rlly with the 1% s and Old o nk of De- [ l Jma boen ‘appointed head of the % :::Lm&muugu BRaes Chamber of Commercs. Davice, | CM Mil & 8t P. " N war Mr. O'Connor organized over | Chi Mil & St P pt. » B ) Rad Cross chapters in Chicago. |Chi& Northwn.... 68 65 0% 6 etns Bxplosives . 9 10 | Chi Pneu Tool. 6% | Allied 011 _.... 14 5 at Lecal Exchange. e L gt 8% | Ameriean Casidy 1 : L tie : o activities Ton the iy | Chi R 1& P 6% ot o | Bl Heart o Y% e today. Fifty shares T "ot ot small lots were dis- l?lfl l:“ call 19 shares of Washin 14 16 gm hands at 43%, two c'.':.'f Colo & Southern. & a-l,: l $5000 5 per cent bonds|ColGas...... RN woM at 36%. Col Graphophone o % l} of the death of 10 13 | ber of the ex- 2 2 { ‘was made a e opening 240 250 8 el ] 5% 3 ‘Washington Stock Exchange # # AFTER CALL. 1 11- " “Tastion §s—35,000 at 86%, $5.000 g ,: '“n Gom Light—2 ot ©3%, 2 2t 3%, 3}#* 2% 3 (on cal—25 ( #5 Bat 8 5 at 88 5 at B8 5arse O M x}': lzfi Bid and Asked Pri i = Denv & Rio Gr. P BONDS Denv & Rio G pf. 1% 2 PUBLIC UTILITIES. Bid. Askeq, | DELTOIL United. 1’;, % American Tel. and Telga. 3 ; | Dome Mines. . « 5 American Tel. and Telgs. § B4 1% |Endicott-Johnson. 624 2% 6% 61% | i w3 Am. Tel. and TeL etl tr. sxz &2 | Erfe. 12% 1% 1% 12% | Hercules 1 10 Am. Tel. snd Tel coss. oy Erie 18t pt 18% 19 184 19 | Idian Packing ..o 3 3 n Famous Players... 75 T% TH T |iniirational Petroleum (aew).. 14% »7 Famousplayerspf 1% 7% 81 8T | Jereme V. sy FedMines & Sm... 6% 64 6% 64| Kay County 1 Lake Te % o » ll’. 28 25 11 1 w4 iy o5 |Granby Consol. 1% 1% 1 @ eee-. | Gray & Davis..... % 1% B Great Northern pf. 7% 76X 7% Tk K 3y Great NorOre..... 9% % 2% % 5 » Gulf Mo & Nor. 8% 8% su 8% 23 ot Gulf States Steel.. '82% 2% 3% 2% % e Haskell & Barker. 7% 68 W% 68 2 %P 2y bR ! Wi e | oo s 30 22" Interboro Met pf.. W% 1% 14% W% Creek (new) | Bx Inspiration....... 31% _31% _31__ 31% | §ipuipe cum. . g 2 i% interboro Metra.\ &'~ B4~ 6~ o kel O S . 9 8 Oo. ) 2 et Artcha PR el L ;:«'r':" Internntional 2% S8 Intl Harvester.... %% %% . 0% s |iocmh B :fi 2l Intl Motor Truck.. % % 35 ted Intl Truck 18t pf. . fs ;E Intl Paper Invincible Oll ‘;2 i 235 | Iron Produects. 7 74 Island Oil. % 56 Jewel Tea. % 2 Jewel Tea 2 28 ._ul:lsss BANKS. JOBGIT!CI. Ifl.}‘d 1 ‘Commmerce v 140 Kansas Cit: 13 D Kansas C Sou pf. iy o Kelly-Spring Tire s Kelly-Spring 6% pf 76 ™ 91 9134 1% 1% 1% oL 53 i 5% 16% 4% 9% 0% | Kresge (S8 0 140 10 02”1028 Lackawanna Steel. 53 53 3 53% san Lake Erie & W . 1% 12 1n% Lee Tire & Rubber mwh % 1% 7% FINAN( i Loews Inc. 19% 2 CIAL NOTES. 0% 10 10% Despite the reported slump in the 2% 36% 2% |oil Industry the Standard ofl com- Diuecu ki Cali i Ik 8 iow | Genie s i e fat AL s o % | Marlin-Rockwell.. 8 8 8 8 |dividend payments of the Standerd ceeo- ipdaxwell Motors... 6% 6% 6% 6% |oil group, in the quarter just ended, May Dept Stores.. 8% 6 8 85 |totaled $25.966,611, compared with Mexican Pete..... 8% 16% 142t 145% |$26.796.698 in the corresponding D OIL STOCKS. Quotaticas fersiahed by W. B. Hibbs & Co. Bid. Asked. Asnglo-. on Co. 17 17 ‘Atiantic Refining_Co. oot sl mser Co. 30 2w Buckeye Pipe Lise Co. . &2 53 Cheseborough Manufacturiog Co. 190 200 Continentai 01} Ue. s e rescent Pipe Line 2 a1 Comberland Pip» Line Lureka Pipe Live. .. Galena-Sigaal Oil Co ladiana Pipe Line Co. National Transit Co. 2Ty w York Trassporta’ s Northes Py Line 7 Ohio Oii Oo. a1 Jennsylvania-Mexican Fuei 34 Yrairie Ol and Gas Co. 5 a7 Frairie Pipe Live Co... 196 195 Bolar Refuing Co... G e Southern Pipe Line 100 Bosth Peaa. Ol Ov. 23 Bostiwest. Pena. 72 Scandard Oll Oo. 206 Smadest O 2. - ) Fuandard Ol Oo o a3 Swmdard 01l Co. w5 a3 g Ol Os. Nebraska. 480 -0 O Co. New 3 37 Stamdard Ol Co. Obie. 20 Swea & Fiaen Ov... i Uniem Tank Line G om0 108 108 Vaceam Oil On... 00 Washwrwo 2 Germau gov. Se.. 15 Krupp 4e Bad. Asiline 4 Al KL 41y Mein'ger Bank 4 17% Nord. L. Raok 4 171 Precms Bank 4s.. 1703 % Berliner Bank 4 1 4n: 57! 70 .. 311 Ionn 4397 348 2 talian notes 1535 41 TRelglan Rest. Sa. 71 Belgian Prem. 50 T6% T 1% 14 1% 1% L% 1% % Midvale Steel. » 0 2% 2% Mion & 8t L (8) » 0% 10 210% 3% % 1% 2% . Me 18% 17% 184 Mo Pacific pf. W% M N 3% Natl Biscuit pf.... 10 110 110 110 Natl Cloak & Suit.. 32 = n 2 Natl Conduit. 1 Enamelin; evada Copper. ew Or Tex & M.. ! Norfolk & Wstrn. Northern Pacific. . Nova Scotia Steel. Ohio Body & Blow. uUkiahoma t'rod. riod of 1920—the largest payment made in the corresponding quarter of any year since dissolution with the exception of 1913, Heavy influx of gold from abroad in recent weeks has given rise to much discussion in financial circles of a possible reduction in the redis- count rates of the federal reserve banks. Those favoring such action say that enough gold has come in to bolster up the credit structure suf- ciently to permit of a lowering of rates without danger. The movies are deflatin which, it is belleved, wil reduce operlllnfi costs and at the same time cut off the income of some former high-salaried stars. Famous Players-Lasky, it is understood, has made considerable progress in its . & proc materially | Orpheum Circut plan for deflation. 1 otis Steel...... — | Pac Development. The Cleveland, Cincinnati, Chicago Pac Gas & Blec and St. Louis railway (Big Four) has Pacific O purchased, subject to federal ap- Pac Tel & Tel { Pan-Am Pete....o B). proval, the entire capital stock of the Eva Indianapolis and Terre A % |Haute Rallway Company and will ipenmmlvul: 355 | Probably operate the road. Penn Beabd Bteel 1% People’s Gas. ax nmm“n::"‘.':. o:e;:lhd for Pere Marquette. 18% | the next ten days. Direotors of the Eeredra vpl::l;l)h k| Keliy-Bpringfield. United States Bub- hila Com) .o er and Goodrich compsanies Phillips Petroleum 25% 38 5% 4 |for action, pRbleniall s | Pierce-Arrow..... uom uy s — Plerce Oil. ... 10% W% 10% | The application of the Seaboard Alr Pierce Oll pf. 7% 7% 7% 7% |Line rallway for a government loan Pitts Coal. . W 6% 0% e |Of $1.450.500 to aid that carrier in Pitts & W Va..... 16 1714 26 sy |meeting the cost of new equipment Pond Croek Coal.. 13% 13w 134 1o |has received federal approval. Pressed 8tl Car pf. 5% S AT IS « MONEY AND EXCHANGE. 8% | NEW YORK, March 29.—Prime mer- 58 | cantile paper. 7%4a7%; exchange firm: :g :;}e;ll:uxb\l?]n];daoy hli’l k-ndz;ommerclnl - n nks, 3.87%; com- 7ok | mercial 60-day bills. 3575 Hemand, © @ |391%; cables, 3.925. 0% 0% 0% | Francs, demand, 6.94; cables, Rep Iron & Steal.. 6% |es sew % Bolgian francs, demand, 7.36; cabie Rep Motor Truck.. 18% 18% 1% 1% | 1 o; Gylders. demand, 34.45. Lire, demand, 4.0 Ries RODOIte ceweme § 9 9 |Marks, e 5 Royal Dutch. % 8 | Greece, demand, 7.73. 'Argentine, do- 5t Joseph Lead. ... 13 12 |m 7. nd, i St L & San Pran. 26| Moatreal, 119-18 per g 8t Louis Southw! » < ““b‘-an ir- 8t Louis Sown pt. u% 23 Beaboard AfrLine % e loans steady: 60 davs, 90 days and 6 months, 6%a7 per cent. TELEPHONE LEADER IN STRONG MARKET BY STUART P. WEST. NEW YORK. March 29 (Special).— There was nothing in the course of events today at variance with the view of the stock market in a nar- row trading area, with no major movement in progress either w Traders working on the short side followed up vesterday's efforts with a Lurther drive against a mumber of vulnerable stocks in the early part of the session. They succeeded in breaking a few industrial specialties rather sharply, but failed to bring about any fresh liquidation the general list. At the low prices of the forenoon the market had had a very thorough reaction from last week’s high points, and was ready to respond to any im- pulse of a favorable nature which might come from the outside. This impulse was furnished shortly after midday by the unexpected announce- ment that the annual dividend on American Telephone and Telegraph shares had been raised from 8§ to 9 per cent. Urgent Demand Starts. Immediately there set in an urgent demand for other public utility is- sues, following in the wake of a 6- point jump in American Telephone stock itself. When the recently ore- ated short interest endeavored to cover they found the market quite as thin on the way up as it had been on the way down, and as it appeared, the upshot of yesterday's experiment on the bear side was that it resulted in loss. . American Telephone is scarcely a fair representation of the situation. even in properties of its own class. It has always been the practice to devote all the surplus earnings. apart from what is necessary to make a reasonable showing for the stock, to the strengthening of the various re- serve funds. Therefore, what the pu lished statements show to be avail- able for dividends and what is the sum that would be available were ap- propriations anything like the normal are two quite different thinge. Confidence in Outlook. It is certainly no surprise to learn from the officials’ statement that a 9 per cent dividend would have been warranted at any time during the last ten years. This is only another way of saying that American Tcle- phone has always had a very large potential fund available for divi- dends, which has simply been plow- ed back into property, and has not shown on the face of the returns. Few other public utility enterprises are in a position like this. But, nev- ertheless, the action of the American Telephone directors may fairly be construed as an expression of con- fidence in the outlook for lowered costs, and increased earnings of all undertakings which have not been free to advance their charges with- out consent of regulating agencies, and this is the way the market took it today. Gas Shares Also Feature. The upturn in the telephone and gas shares was the feature of the day. Scarcely second in point of interest. however, was the revival of interest in low priced rails, under the lead of Kansas City Siithern. As already has been pointed out, the Kansas City Southern shares have been quietly bought for some time past on the strength of the remarkable showing in earnings which the company made last year and has continued so far this year. in the face of the most ad- verse circumstances. The movement in Kansas City Southern led to sympathetic buying in St. Louis Southwestern. Rock Island, St. Louis and San Francisco and one or two other members of this group, and served to offset among the dividend paying rails the effects of the deficits which many of them have still been reporting for February. AGTIVITY SHOWN IN S@\D MARKET NEW YORK, March 23.—Telephone issues have been consistently strong for some time past, and the reason was made apparent when the increas- ed dividend on American Telephone stock was announced today. The principal result which this news had in the bond market was to cause hur- ried buying of the American Tele- phone and Telegraph 6s. These bonds mature in 1925 and are convertible into the stock at 106. Therefore. they would naturally keep pace with the stock about 106. They went over 101 today. American Teiephone col- lateral bs had only a moderate rise from 81% to 82. Consolidated Gas 7s were unusually active around 100. Their increased activity was part of the general re- vival of interest in public utility group. Bell Telephone of Pennsylva- nia and Northwestern Bell Telephone 78, were fractionally higher. Cuban American Sugar 88 did not resume their advance, which was checked to- ward the close yesterday. They were quoted the greater part of the day a shade under 101. Westinghouse 7% made a new high, keeping pace with Westinghouse stock, which also went above its best of the year. American Smelting 58 were heavy again at 77. Some Shade Lower. Among the ralls Burlington and Quincy joint 45 were actively dealt in around 98%, which was a shade below their top. New York Central debenture 68 were a shade lower. and 80 were Southern Railway 4s Ches- apeaske and Ohio convertible 5s held at §2, practically unchanged, despite the deficit reported by the road for February. Pennsylvania fssues were weak, especiaily the new €%a, which made a new low record, at 96%. Traction bonds were inactive. In the government dlvision libertys were very little changed, neither were for- ;L(.n hhundm B nch ° government 8s, at 98% and Swiss 88 at 103%, were the same as they stood at the eénd of business yes- terday. In the preliminary market establish- ed on the curb for the $3,000,000 In- vincible Ofl 8 per cent bonds, which were offered to the public this morn- ing. the prevailing quotation was 94 bid. offcred at 95. The latter Is the lsgue price. At a late hour this aft- erfoon nothing had been given out as to the progress of the subscription. COTTON FACTORS FAIL. W. C. Enight & Co. Ask for Re- ceiver at Memphis. Tenn., March 29.—W. C. ., cotton factors, filed a in MEMPHI! Knight & voluntary petition in federal district court here today askin, ment of a receiver. The 598, & the appoint- tition shows assets totalim, 96.08 and llabilities a ‘lti 69. The contemplat, o of ts teral, #ald to huve been de- cided upon by the Union Trust Com- pany of Chicago, was given the reason for seeking the appointment of a recelver. LIBERTY BOND NOON PRICES. NEW YORK, March 2 Prices of liberty bonds at noon were: 3%s, 0. first 4u. 86.80 bid; second 4s, first 4 87.80; second 4%s, third 90.32; fourth 4%s, v(:tory 3%s, 97.60; viotory 8 430,y PARIS BOURSE FIRM. PARIS, Maroh 29.—Prices were firm on the bourse lodl“ ‘Three per cent rentes, 57 francs ocentimes. Bx- sSane on London, §6 france 69 cen- Five per<ant loan, $3 francs 95 cen- imes. The dollar was quoted at 14 france 41 centimes. » E——_——_—_ 3 Noon prices reported to The Star over direct New York-Washington wire by Redmond & Co. City of Paris 6 1021 Freneh Government 6s v American Tel. sad Te: Armour & Cu. 4 oS Atchisvn Topeka Atlantic Coust Atlantic Refning Co. Hulumore and Ublo con Daltimore and Ohio 6s.... Balt more and Ohio 8. Hethiivhem Steel Gentral Leather 5 Central Pacific 4s 193 Chesapeuke and Ohio cony Chesapeake and Ohio gen. 41, Chesapeake and Obio cony. Cni. Bur. and W. Di Ba.. Quiney jt. 4s.. 1 Chi. Hoek Island and Pacific Chicago Unioo Station & Consolidated Gan 7s.. Deleware and Hudsoa 7s Erie general lien 4 General Eleetric 6a.. Tilinois Central 5ias.. 2 International Mercantile Marine fx Inter. Rapid Transit 1st and ref. 5 Louisville and Nashviile Mo. Kaos._and Tex. 1st 4a... Missonri Pacific general 4 ew York Central Ts 1980, ew York Central deb. 6 ew York Telephone 6s ... orfolk und vania 5s 1965 vania Co. 6l4s 1936, Penasylvania 78 of 1980. Pennayl Pen Pennaylvania gen. mortgage 4i4s. 7 Reading general 48...................... 79 St. Louis and San Francisco 45 series A. 80! St. Louis and San Franciseo 6a 1929....." %8 St. Louls and San Francisco inc. 6s. 47! Seaboard Air Line refdg. 4s...... 37 Beaboard Air Line adj. 5a. Sostiars Pacite at ref, ds SHORT-TERM SECURITIES. (Reported by edmend & Co.) " Anaconda Copper 65 Anglo-Amer.can_Oil 0. 78_16: B 5 H g L 3 hy_Packing ¥. Geodrieh 7 Gult Corporation_7s 1833 H. J. Heins Co. Ta 1930. o Hocking Valiey 6s 1921.. 1 92 Kennecott Copper_Ts 1680 . 9l Ligrett & Myers Tob. €s 1931.. 091, 991 Penma. Co. 4lgs, Jume 15, 1uZl. 99% tun 922 100 100% Procter & Gamble Ts 1923. VA | R. 3. Reynolds Tob. @s 1922 "y s & Co. 993 & Co. o5 Ce 9% on 7 oLy Southern Railway Houthwestern Bell 7, 20 Swift & Co. 6s 1921. 0%y Swifc & Co_ 7s 1925... k3 xan Co. 7 1923 F Unlon Tank Car Co. 1008 Western Electric 75 1925, 100 Westinghouse K. & M. 7 ” ”, Grain, Produce LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per doz., 24; southern, 23, Live pouvltry—Roosters, per 1b. 21: turkeys, per 1b. 45a53; chickens, 8spring. per Ib.. 50a60: hens, per Ib., 36a 37; keats, young, each, 60ai5. Dressed poultry — Fresh killed spring chickens, per Ib.. 55a60; hens, per Ib., 40; roosters, per Ib., 25; turkeys, per 1b., 50a58. Pork—Dressed, small, per 1b., 15a16; medinm, 13al14; heavy, 10a13; live hogs, 11%al1%. Live stock—Calves, choice. per lb..) 13a14; lambs, choice, per lb.. 23a25. Green fruits — Apples. per bbl 2.00; per basket, 75a2.00; west box, 3.50a4.50. California lemon: box, 3.50a4.50. California oranges, per crate, 4.00a5.00. Florida oranges. per crate, 4.00a4.75. Grapefruit, per crate, 4.00a5.00. & Vegetablee—Potatoes. nearby, No. 1, per bbl, 150a2.00; northern. per sack. 2.2522.50; sweet potatoes, oposr bbl., Ige 1. 5.0026.00; No. 2, 2.008. yam! bbl., 3.50a4.50. jorth Carolina, per crate, 1. . ; 5 1.00a1.25; Florida calery, 3.00. Ro- maine lettuce, 1.25a2.0f Cymblings, per crate, Fiorida, 4.00a6.00. " Spinach, 75a1.00 per = 4.5026.50. per bbl, 2.50a3.00. bbl., Peppers, 5 Tomatoes, per’ box, 4. per sack, Pa5a1,50, Brussels sprouts. per qt., 15a25. Cranberries, oo-.zooo per bbl New cabbage, per crate, 2.00a 3.00 DAIRY MARKET. March 29.—Poultry— alive, per pound, 30a40; , old, 35a36; old rnnué- ers. 20; dressed, 22; winter, 213 pounds and under. per pound, 45250; duck per pound 32a40; dressed. 38ai2; tur dre: Keys per pound. 35a50; dressed, 35a52; Hieons, fer pair, 50a55; guinea fowls, cach, a8 capons, dressed, per pound, 40a fr), strictly fresh near- R southern, 23a24; by, per dozen, 24a25; duck eggs. 50. Butter—Creamery. 45a49; prints 49a51: . ery, 45a46; dairy prints, 20a2 per pound, 18a22; ladles. 28a30; P! ess butter, 29a30; store packed, 1 CHICAGO. March 29.—Bautter, lower; creamery extias, 431¢; standard, <1%. Eggn, Teceipts. 51,838 cases: firsts, 24%a25; ordinary firsts, 21a22; at mark, cases included, 23a24. Poul- iry, alive, higher, fowls, 24, springs, 33. tancy, per pound. nearby. cream- rolls, NEW YORK, March 29—BuRter— Fivmor; reosipts. 6731 tubs, Cresm- ery. higher than extras 49“147 creamery, extras (92 score). 45%al6 firsts (58 to 91 saore). 42%a45; pack- ing stock, current make, No. 2 21 Fggs—Firm; receipts, ' 48,887 cases. Fresh gathered. extra firsts. 231229 firsts, 26a28; state. Pennsylvania and nearby wesiern hennery, whites, firsts to extras, 33a38; state, Pennsylvania and nearby western hennery, browns, extras, 33; do. gathered. browns and mixed odlors, firsts to extras, 27%a31; storage packed. extra firsts, 30; do. firats, 2815229 9 Cheese—Irregular; receipts. 3,609 boxes: state. whole milk, flats. held, clals, 27%a29; do. average run, a27; state whole milk. flats, fresh. specials, 24224 do., average run, 23a 23%. CHICAGO LIVE STOCK MARKET. CHICAGO, March 29 (United States bureau of markets —Cattle—Receipts, 8,000 head; slow, steady on all grades and clasees; quality good; bulk beef mteers, 8.35a9.50; bulk butcher she stock, 5.25a7.25; tanners and cutters largely 3.00a4.50; bulk bulls, 4.75a5.75; bulk veal 8.00a8.50; stocker and feeder steers, 7.00a7.75. Hogs—Receipts, 24,000 head: fairly active: light and medium, 25 to 50 lower, otbers mostly 25 lower than yesterday's average; top. 10.50 early spe: 25% bulk, unds down, 9.75a10.40 bulk. 220 pounds up, 8.6529.35; pigs. 25 to 80 lower; bulk. desirable, 0 to 125 pound pigs. 10.00a10.40. Sheep—Receipts, 16.000 head; lambs mostly 25c lower: wooled lambs. top early. 10.10; bulk. 9.25a10.00: shorn top, 9.25 to city butchers; bulk, 8.50a 9.00: few ewes early, 5.50a6.25 schoice feeder lambs late yesterday. 9.25. _ COTTON MARKETS. NBW YORK, March 29.—The cotton market was unsettled during today’s early trading with prices lower, ow- ing to the easier ruling of Liverpool, irregularity in the stock market and reports that copper producers were closing down. The opening was barely steady at a decline of 2 to 15 points and the active months soon showed net losses of about 15 to 1% points, with May selling at 12.35 and July at 12.82. Futures opened barely steady; July. 12.95; October, 13.40; December, 13.68; January. 13.70. LIVERPOOL, prices March 28.—Cotton— easier; inary, Sales. American. Receipts, 2.000 bales, in- cluding 1.400 American. Futures closed weak: March, 7.68; May, 7.83; July, 8.01; October, 8.14; December, 8.20:" January, 8.23. NEW ORLEANS, March 29.—Cables were disappointed when the cotton market opened today and consider- ably selling by buyers of yesterday tuled, which carried the market off in 5. 4,000 the face of very cold weather in some | Hariey sections of the beit and too much rain In others. At the end of the first half hour of trading prices were 18 to 19 points under the oclose of yester- day, with May down to 11.92. Futures opened steady. May 11.92; July, 12.38; October, 12.85; December, 13.05: January, 13.20. Selling pressure increased on ru- mors that copper-producing companies in this country were likely to fown and on private cablegrams from Liverpool saying that the coal strike situation in England was more thr ening. ‘May fell to 11.67. ——— FOREIGN EXCHANGE. and today advanced the price of lea from 4.00 to 4.10 cents per pound. and Live Stock GRAIN AND PROVISIONS. BALTIMORE, March 29. white. No. 1, per 100 pounds, cobblers, 30a1.1 No. No2. 30a40; sweets, per barr 50a4.50; No. 2 and culls, green, pearl and wax, crate, 3. ts, bunch, 4as. Cabbage. per ton, 10.00214.00; cauli- flower, per crate, 2.00a2.75; cucumbers, ant. per crate, 5.00a s, dozen, 4.0027.00; kal per bushel, 35; lettuce, per basket. 1.50a3. onions, per 100 pounds, 73a 1.00; parsnips, per bushel, 1.00; pep- pers, per crate, 4.00a6.00; radishes, per "basket, 1.50a2.60; spinach, per bushel, 50a65; peas, per basket, 00; 5.00; fomatoes, per crate, 1.5086.0 turnips, per bushel, 1.25. Apples. per barrel.- 3.50a6 box, 1.50; loose, per 100 pound 2.50; oranges, per box, 3.0024.00. Grapefruit, per box, 2.50a: gerines, per strap, 4.0048.0 berries, per quart. 25a45. Selling Prices at Neon. 2 red winter, . red winter, March, 1.59 spot, garlicky, May, 1.61. contract corn, spot. : April, 73%: truck . 2 or better, 78. one. Oats—No. 2 white, 522 per bushel: No. 3, 49 per bushel. Y Rye—Bag lots of nearby rye, as to quality, 1.50a1.60 per bushel; No. 2 ‘western export, spot, 1.63% per bushel. Hay—No. 1 timothy, nominal; stand- ard timothey, 25.00a25.50: No. 2 tim. othy, 24.00a24.50; No. 3 timothy, 16.5 21.00; No. 1 light clover mixed, 22.00a No. 2 light clover mixed, 15.00a ; No. 1 clover mixed, 20.00: . 2 clover mixed, 16.00a19. .00; No. 1 clover, 17.00218.01 No. 2 clover, 15.00a16.50: No. 3, 13.00a 16.00; sample hay, 10.00a15.00. Straw—No. 1 nomi: No. 2 straight rye, nominal; No. 1 tangled rye, 17.00; No. 2 tangled rye, 16.00; No. 1 wheat. 13.00a1250; No. 2 wheat, 12.00212.5! No. 1 oat, nominal, 18.00218.50; No. 2 oat, 16.00a17.00. CHICAGO. March 29.—Apprehen- i|sion that freezing weather had done cons!derable damage to the new crop led to material upturns today in the |price of wheat. A {however, declared roots were injured no more harm would result than from running a mower over a lawn. He said new hoots and ample growth would fo low. Opening prices, which ranged from % to 2% higher, with May 1.44 10 1.44% and July 1.28 to 1.28%. were succeeded by further gains and then by some reactions. 3 Corn sympathized with the wheat strength. After opening % to k) higher, including May at 643 to 64%. the market eased off a little and then hardened again. Oats were firmer with other cereals, starting unchanged to % higher, May 40% to 4ladll4. and com- tinuing to average above yesterday's finish. Weakness in the hog market oper- ated =s a drag on provisions. Later, the corn market declined in nce of any urgent buying. h » Was easy, % to % net lower, with May 63% to $3%a63%. Difficulty of financing new export wheat business was referred to, and speculators were active sellers on the upturns. As a result most of the ad- vances failed to hold. The close was unsettled, % net lower to 1 gain, with .}(3!6)',‘1.41 10 1.43% and July 1.26 to | 0 1 May July 421 NEW YORK, easy; middle .west, inal. Other articles unchanged. —_— EARNS FIXED CHARGES. BALTIMORE. March 29.—Total in- 88% | confirmation in federal court here of the 1y 1 000. FINANCIAL. PLANS ARE FORMULATED ! FOR NEW D. & R. G. CO. DENVER, Col, March 29 —Following sale of the Denver and Rio Grande rail- road to representatives of the Western Pacific. plans were formulated today for operating the road under the new own- ership, with headquarters in Denver. The plans prov.de for the formation of A new company. to be known as the Denver and Rio Grande Western rai road. According to an announcement the purchasers, the road will be oper- Ated as an independs with ite own ataff of officials, b der the gen- stern Pacific Ameriean 9715 eral direction of the W. American ' | Plans, the sunouncement said, have | Amercan Thi s (been completed for the expenditure of [Ameiean 000.000 on bette «quipmen* meriean 1 & s et facilities for rendering up-to-duic | service. 2 There is to be little change, if any. ¢ | was said, in the present s aff of officials | A. R. Baldwin is fo con‘inue as receiver for another year or possibly fwo. ! The Denver and Rio Grande wis so' 1ast November to John E Bowic. Jok B. Marsh and Ralph M. Arkush. W ern Pacific representauves. for £3.000 A formal decree voniirming sale was entered today by United Si District Judge Lewis. MINING PROPERTIES | SUSPEND OPERATIONS | NEW YORK. March ~Mining properties of the I'tah Copper. Ray Consolidated, Chino Copper und vada Copper companies have com- pletely suspended operations owing to conditions in the copper market. it was announced here today by Charles Hayvden of Hayden. Stone & Co.. who is financially interested in all four 1 | \ ! :land ultimately a much greater pecu- .50a | niary loss to emploves. per | rebuilding of commerocial industry in : celery, per crate, |have to be watched to determine when concerns. Large stocks of unsold copper and small consumptive demand both in this country and abroad werc given as reasons for the shut-down. “A continuaton of production,” said a statement by Mr Hayden. “which cannot he sold at the cost of produc- tion would only lead to later demor- alization, a detriment to sharcholde and it that “Copper is a basic industry. is the belief of the manageme: this country and abroad will not re- quire a very long period of shu downs. Industrial developments will it will be appropriate to reopen these e, | properties. Dillon and Company 32 Broadway, New York Announcement The undersigned have this day formed a partnership under the firm name of Dillon and Company for the purpose of transacting a general brokerage busi- ness in stocks, bonds and unlisted securities. March 23rd, 1921. Danie! Dillon Edward N. Post STATEMENT OF THE CONDITION of the NATIOKAL CAPITAL INSURANCE COM PANY OF THE DISTRICT OF COLUMBIA. On the 3ist day of December. 1920, 2 under t talet of Columbia a 4 June 30, 1902, and August 18, 1911. Capital stock ... ‘apital stock paid vp in cash. ABSETS. Cash in office. . Cash in bask Real estate mortgages (firs Stocks and bonds (market val ms uneollected and i of agents ... > Interest due and Total aseets .... Reserve a3 required b Salaries, rents. expense: Capital stock - Total Habilities Character of - busin year 1920Fire. breakage of plate gl mirrors and automobile theft -Insurance. Amount of risk assumed during the year 1920.. Losser sustained duri 5. 100,000. 00 @ Subscribed day of Jamuary, 1921 (Seal.) CHARLES Notai . McCARTHY, ry Pablic, D.'C. | come of the Western Maryland rail- ad for February was $251.357, a sum sufficient to pay all the company's fixed charges for the month and leave $2.148.75 for net income besides. As compared with same month of 1917, net income declined $92,7. but de- spite this, the final resull for Feb- ruary is regarded ‘as highly satisfac- tory, in view of the unfavorable re- !’;::. made by so many other rail- TAFT ACCEPTS PROBE OFFER. NEW YORK, March 29. — Former President Taft has agreed to inves- tigate the affairs of the American Smelting and Refining Company, as i suggested to the board of directors by the Guggenheim brothers, who recently became involved in a con- troversy with independent sharehold- ers regarding management of the company. ERubEn o NEW YORK, March 20.—Bar siiver, domestic, ’flg; foreign, B7%. Mexi- can dollars, 48% LONDON, March 29.—Bar 333% per ounc Discount rate: cent. Three-month bills, cent. silver, 8% — BIG PLANS FOR STEEL CO. YOUNGSTOWN, Ohlo, March 29, Announcement by the United State Steel Corporation of the establish- ment of a line of steamers to carry steel to the Pacific coast via the nty vessels réady and five under tract. Money to Loan Becured by First Deed of Trust on Real Estate Prevailiug interest and commission. Joseph 1. Weller £ Wash. L. & Trust | bidg.. 9th and F n.w. ENTS We specialize in property manage- ment. Real Service Pays and Costs No More. B. F. Saul Co. 934 New York Ave. N.W. New York Stock Exchange 111 Broadway, New York Washington Office yCOLORADO BUILDING R Telephone Main 1008 G. B. CHIPMAN *21 Kingdom of Denmark 25 year 8% Sinking Fund Gold Bonds. Due 1945 In $1.000 and $300 denomi- The Sinking Fund . as agreed to in for this loan. ent to redeem the entire loan at or before maturity Price to yicld about 8.107 Circular on request for M1-350 INSURED INVESTMENTS—3 1 ou work in a factors? : with vour faliow % probably are colieciivaly inwured by vour emplerers agaisst acci- at to life or 1imb. CARRY this tpeurance lesean into your investment activities. investing in onr First Mort Notes on improved Washington. .. real estate. you the. 1 of your principal and ebtal constant _vield of interest year to year. SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. ‘Washington, D. C. THE NATION'S HONE TOWN. PMENT FIONS recently publisi-2l a book- let describing the ad- vantages equipment trust obli- ' gations. We <hall be glad to send you a copy. Kindly ask for Booklet 3-13 CASSATT. PHILADELPMIA 4 ST. PAUL STREET ALTIMORE of railroad g You Receivf_ 7% Interest on Your !nvestmentfi FIRST MORTGAGE NOTH: Secured by high-class estate valued at more than d ble the amount borrowed. All details handled by expe who can best maintain the sa ty of your investment. Any amount from $100 up be placed and interest will s at once. Full particulars gladly nished. SHANNON & LU Main 2345. 713 14th Independence Comes T hrougi Y. S e s —If vou will ‘be_surprised ined ~3S Sadmone sosd