Evening Star Newspaper, April 20, 1921, Page 21

y ¢ FINANCIAL. LOCAL SECURITES | ARE SLOW, BUT FIRM Scale Bids for Certificates. Would Bar Tax-Free Issues—Notes. By L A. Fleming. Local securities were fairly active and without important changes prives. Trading was confined 1y to the public security s the entire neglect of the types which have furnished more or less the business of late Railway 4 per cent bonds we strong at 59% to 60, while zas 7 per cent notes showed a better d mand and a firmer tone. Light sales were made at 100% and 101 Railway preferred was not men- tioned in The -trading. Small sales of Capital Tractipn were recorded at Washington Gas opened at 43, and dropped to 421, only light trading being reported. Federal National Bank shares sold at 175. Directors of the National Savings and Trust Company have declared the regular quarterly dividend of 21. per cent, payable May 1, books being closed from April 22 to May 1. Persoral Mention. . McQuade attended the regular Iy meeting of the Mergenthaler directors at New York vesterday. He reports business as encouraging. James A. Cahill, vice president of the Commercial National Bank, has been confined to his room with illness for over a week. A special report by a committee of the New York legislature went on record as follows. “We are of the opinion that steps should be taken as soon as practicable to abolish all income tax exemptions for Tuture issues and to secure an agreement with the federal ment with regard to future issues of federal bonds." The full report was a complete in- dorsement of the McFadden resolu- tion now before Congress. The ad- vantage of the non-taxable feature, according to the committee, is offset by the loss of revenue, state and na- tional. due to exemption. Announcement was made by Secre- tary Mellon that bids to the April 15 issue of certificates would be scaled about 25 per cent. Wall Street Notex. Pullman directors declared the regular quarterly dividend at their meeting yesterday. Tobacco Products shareholders vot- ed an_increase of $5.000,000 in the z:;nplfiy‘s common stock, to $25,000,- Regular dividend declared on Pa- cific Gas and Electric shares. Delaware and Hudson made one of the best reports of any of the rail- roads, $11.61 a share net after taxes. The operating revenue increased $364.970. Both the gross earnings and expenses increased over $10.000,- 000. arge- | sovern- | Open. Adv Rumley. 17% Ajax Rubber. 8% Alaska Juno. 1% Alaska Gold 1 Allied Chemical Allis Chalmers. . Am Beet Sugar. ... AmCan.......... %% Am Car & Fdy.... 128% AmCar& Fdypf.. 11> 112 Am Druggists..... 6% 6% Am Tee. . [ Am Tee pf ] AmLaFrance.... 11 11 Am Linseed. . . 45%h A% Am Locomotive 8 8 Am Safetv Razor.. 5% 6% Am Ship & Com Am Smelting. . Am Smelting pf. Am Steel Fdy Am Suear. . Am Sugar pf. Am Sumatra. Am Tel & Teleg Am Tobacco. 15% ! Am Woolen. 2% { Am Writing Prpf. s1% Sl | Am Zinc & Lead. A 9% Anaconda.... "% Asso Dry Goods. 2 i{Atchison._.....N\. T% 9% Atlantic Fruit Co.. 6% 5% Atlantic Gulf..... 3% %1% Auto Sales pf. 0 10 Raldwin Loco. 86 16 Ralto & Ohlo. sy 3% Barnesdall (B) %Y AB% Rath Steel (B).... 8 f5 Rklyn Rapid Trn.. 18 13 Bklyn ¥nion Gas.. 65% 60 Brunswick Term % 4;- { Burns Bros. ...... 8% &% Rutte Copper. . 5 & Rutte & Superior.. 1% 12% i Butterick. . 1% ~addo Ofl. 1 . California Pckg... 56% 66% California Petrol.. 47% 7% California Petpf.. 76 6 Canadian Pacific. . 1034 109% Central Leather... 8% 4% Central Leathpf.. 72 72 8 28 ~erro de Pasco. ~handler Motor Chi & Alton. . Chi & Alton pf. ~hi Great Westn. Chi Great W pf. Chi Mil & StP. ChiMil & StPpf. hi &aNorthwn. | chiR T & Pacific.. 2% hile Copper...... 11% ~hino Copper. ... 2% {CCC &St Louls. CCC&StLpf. Coca-Cola. ... Colo & Southern. 4 Colo & Southn 1st. 52 52 ColGas. ...... ve.. 61 61% ol Graphophone.. 8% 9% Col Graph pf... @K% 8 Cons Gasof N Y 5% Distirbutors.. 7% T4 Con: Cons Intl Cal Min Cons Textile. Corn Products. Cosden & Co Crucible St “uban-Am Sugal ~uba Cane Sugar. Youngstown steel operations have increased § per _cent. The Federal Reserve Bank of Dal- las is the only one of the regional banks that has borrowed from re- gional banks, it being obligated to the Cleveland Bank for $12.405,000. A year ago it owed about the same amount to the same bank. Bank clearances of the principal cities are still showing decreases, each of the six largest cities report- ing losses yesterday. ° Canadian Pacific dividend to _be practically assured. Discriminating investors, who have been making their selections from preferred stocks with good earning power and ample surpluses that might be used to protect the pre- ferred shares in lean years, find with some disappointment the rapid diminishing of surpluses. ‘Great interest attaches to the re- is said fundfng plans for the C., B. & Q joint | gendee Mfg. 4, under which collateral 61zs would | gouston Oil. ... be issued. The L C. C. has the case under review. The added fixed charges to Northern Pacific and Great Northern, if the plan is ap- proved, will be '$3.170,460. National bank resources showede a|Interboro M reduction of $1,060,118,000 in Febru-| Interboro Met pf.. h December, a re- ary, compared wi duction of $1,554.889,000 as compared| nt) Agri Chem pt. ~uba Cane Supf.. b8% 58% Deere & Co. . &0 80 Del & Hudson..... 8 ¢ Denv & Rio G pf. % Dome Mines. ...... 20% 21%4 Flk Horn Coal.... 19% 18% Emerson-Brant ‘:": lo-’:: . -Johnson F.ndicott-Joh S S ers... 14 % players of 87% 1% Fed Mines & Spf.. 287s 28 Fisk Rubber. . BY Gen Asphalt. Gen Cigar. Gen Electrie. Gen Motors. Goodrich. . Great Northern pf. Greene-Cananea. . Gulf Mo & Nor Guif Mo & N pf. Haskell & Barker. Hupp Motors. . Tlinois Central. Indian Refining Inspiration intl Agr Chem.. with February of last year, according| yne) Harvester.... 8% to a statement issued last night byl ) \erMarine... 17% Controller of the Currency Crissin- { 1M1 Mel Marine pf 0% mer summarizing the reports of the| UV n ok a5 banks to the last call for conditions| Intl Mo et e on February 21. Tntl Truck 18 r;-- % National banks in New York report-| Intl Truck 2d p ed the greatest reduction in resources| Intl Nickel. . 16 in February, amounting to $455. . 60% 000, while the reduction in Cleveland | intl Paper (8! 7 was $153,296,000. The reduction inlseineible Ofl. 20% Philadelphia was $42.667.000: St. Louis, | yg1and Oil. ... % $35.411,000; Boston, $35.306,000, and| S ot mea’ T San Francisco, $31,765. T e Cliy Bou.. % 8% ¢ Loans and discounts were reported at| Ban2% (o0 Tt 49" 49 $11,650.837,000. a_reduction since De- | Kansas CSou R te L o cember of $414.435.000 and a reduction | Kelly-Spring i) since February of iast vear of 3313,656,- | Kennecott.. ; 000 Holdings of natiorial banks in gov- | Keystone Tire.... 18% 15% ernment securities amounted to $2,047.- | _ackawanna Steel. 3% 49 234,000, a decline since the December | [ ye Erie& W pf. 20 20 call of $84,339.000 and a reduction since | “oows Inec. T W% 19 the February, 1920, call of Silz.- | o880 7" 7 0% n% 000. The ' total cash in vaults | LOSLARGEAES" 17700 5o agu reduced between the dates of th Elev... 4 4% last two calls to the amount of $96,- | Manhattan £E%--- S, € 0 627,000, but_the amount held ‘February, | Maxwell Motors. .. 74 0 1921, was $21.022.000 in excess of the|\fay Dept Stores.. amount reported February, 1920. sexican Pete..... 145% 15% Total depesits of the banks were $15.- | \fjjami Copper. 21 21% 475,354,000, which was $7 liiddle StatesOll.. 4% 15 than the amount re e ale Steel..... 2% and a reduction since a year ago of | ex.... 2 iTdseies.on. Liabilite of national | Mo Kan &2E8 oc L banks on account of bills payable and | 30K e % rediscounts was $1. [oERstaccy e tion since December X Mo Paci C_t a reduction since February, 1920, of | Nati Biscuit .. o $139.061.000. i Natl Cloak & S D! Call Abont Due. AL Ensiiel g The last call by the former con-jNatllead (o troller of the currency was made | NatlRYSOU February 21. If it is the intention of | Nevads COPDer. the present controller ta six|N Y Air Bra calls a year. as his prede rodid, | 5 Y Central. then a call ix about duc {NYChi&St The chances are that he will resume |~ Y 11 €&~ the regular five calls a year. as pro- Y Dock pt. vided by luw, also that he will elimi- |\ y i 4 & Hart... nate two score or more questions from! Lo rolk & Wstrn.. the forms to be prépared by the|Jorgnern Pacific. . benks, ; Nova Scotia Steel. Cities Serviee Company. { Gkiahoma Prod... The combined earnings xxaxom!m!Qlllevvl(nr.. = of Cities Service Company and its | Otis Stee! : et subsidiarics for 1820 shows gross|Uwens Bottle..... J0 7 earnings of §11 199, compared | Pacific Oll. - n with $91.395.986 the preceding ,\rar.,y;n—AmPelo. . 71 7 Net earnings. after providing for all| Pan-Am Pete (B). 63% tavlé expenses. taxes. interest charges and | pennsylvania,.... 34 384 preferred dividends totaled 318.059,040, | peophs's GaB “% 6% against §13.619 Phila Company... 2% 224 Gross earn Service | ppillips Petroleum 2% 27% Company were .695.039, compared | pirce. Arrow 3 88 with $19 550 for 1919. 'Net stock. | piafec0il. 0% 1% after payment of expenses, taxes and ce Oil . % 2% interest charges. was $22,05593%, | Bler i 5ok e sals against $17.350.554 the preceding year. | PItts CoRlo-s Bt i while earnings applicable to common | Pitts Coa S stock and reser were $17.370.463. | Pond Creek L compared with $13.135.590 1919, | PullmanCo. En The amount earned on each share of | Punta Alegr a1e common stock was $43.09 in 1920, | Pure Otl - M compared with $39.09 in 1919 Railway § 8% 6% Earnings on the total capital and! Ry Steel Sprpf....101 surplus of Cities Service Company| gay Con Copper... 1z i3 and submidlaries in 1920 was 912 per | peading. . ent. against 820 per cent the pre- | peading 18t pf. Cedingtyance i Remington Typr. During 1920 oil-producing subsi- | eTRES (AP diaries Cities Service Company = S Completed 313 wells in the Mid-Conti- | Rep lron & Steel, . le tne tots Rep Iron & Stl pt nent field. while the total dome Dutch production of oil for the year was | RoyalDutch.. mere than 13.600,000 barr from | 8t L & San Fran. thirty-five fields in Kansas. Oklahoma nd Texas. In addition to this domes- e production. 2528840 barreis Te ithdrawn from Mexico b mociated exican companies and 1135134 bar- rels by Empire Gax and Fuel Com- any of Mexico, a subsidiary of Cities Service Company. Natural gas sold during 1920 mounted to 39.841.693.000 cubl clusive of sales made by reas Natural Gas Company. jon to this there was xold A0 cubic feet of artificia € properties &old 703.729.856 k rs of electricity and the elec iways carried 112861771 engers number of sscurity holders in e considerably during the year, cespite unfavorable investment condi- ong, St Louls Southwn. 8t Louis Sown pf. Saxon Motors. Seaboard Air Lins Seaboard A L pf. Sears Roebuck. . Seneca Copper-. .. Shattuck-Arizona. Shell Trad & Tran. inclalrOfl....... 10ss-Sheffield. <authern Pacific. »uthern Railway. »uthern Ry pt d Oilof NJ d Ol N J pt. n Bros pf. iewart-Warner % Stromberg Carb... 3k Studebaker.... .. 5t . Low. 17% 2% 1% 1 2% Fd bl 287% 2% 12 % “% 1% THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, APR TODAY’S BOUND PRICES. NEW YORK STOCK EXCHANGE.| ect to The Star Office. Close. T -Open. High, Low. Close. 17% | Submarine Boat... s 8 33% | SuperiorOfl....... 8% 8% 8% 1% | Tenn Copper...... 8% 8% 8% 1% | Texas Company... 2% 4% 4% 42% | Texas & Pacific. 2% 20 1 | Texas & P C & Ol 29 ;3% * g1% | Third Avenue 15 17 287% | Tide Water Oi1 1m0 170 12>% | Tobacco Prod 9% % O 112 | Trans Contl O Ws Y% 1% 6% | Union Bag & Paper 704 0% 0% 52 |Union OfL 20% 0% 0% 6 | Union Pacific. 115% 116% 147 115% 10% | United Drug, 957 95% 96% 95% 4 | United Fruft. 106% 106% 1068% 106% ge13| United Ry Inv..... 10% 104 10% 10% 5% | United Ry Invpf.. 22% 22% 22 22 7% | United Retall Strs. 50 0 49% 49% USCastIrPipe... 16 17 16 17 TS Food Prod..... 20% 21% 20% 21% 1"STndus Alcohol. 66 67% 66 67 U'S Realty. 9% 9% 9% US Rubber. 69% 68% 69% US Smelt & Ref. 3% 81% 1% U S Steel.. 81% 81% 814 15 | USSteel pf.. 109% 109% 109% | 72% | ['tah Copper. 52% 61% 61% 814 | Yanadium Corp... 29 29% 2:% 264 oy | Va-CarChempf... 9:% 924 9% 92% P 6% bW 6% g2 | WhabashpfB.. 2% 1% 1% 79% | W sbash. W W Tl €%, | Wabash pf 19% 19% 1% 5% | Wells-Fargo Exp. 69 8% 60 6% 10 | Western Md.. 9% 9% 9% 85% | Western Pac pf. 65% 65% 66% 33% | Western Union 89 89 8% 89% o5% | Westhouse E& M. 7% 1% T €% §4% | Wheeling & LB. .. % 8k 12% | Wheeling & L E pf H% W% 6 | White Motor?. .. 9% $9K 39% 4t [ WhiteOil......... 16% 16 16% J6 §% | Wickwire Spencer. 15 16 15 15 () lis-Overland.. % 1% 1% Th 32 | Wisconsin Central 35 8 38 385 17% | Worthington Pmp. 49 49 . 49° 49 18' | Worthington (B).. 62% 624 62% 62% B84 High. Low. Lasi 12“ Call Money..... o 6 6 5 109% HOURLY SALES OF STOCKS. S%| jlam....147600 12m....... 22550 7 I'm1pm. -20910 2p.m. . 349 300 4y “e% DIVIDENDS DECLARED. 12 Stock of iy % | record. IPNQ. 16% | Hlarbison Walker Ref., q, 2% | H:x]h::m eeieeaae May 20 June 1 7§ i a. ac. P & Lgt. pf, 38 | Sapulpa Refin.. stock. 2% e e S S A ‘Y:% CURB STOCKS. 52 Quotations furnisird by W. B. Hibbs & Co. 1% s pm 9% | Aetna Explosives P 458 :‘llxel Oil 14 | American Cands P | Atlantic” Petroleu Big Heart . . 4% | Rig Ledge . 8% | Boone Oil 71% | Boston and” Moniana i 1% | Boston and Wyoming Caledon ‘anada Copper . Davis-Daly . | Dominion” 0l " Duraot Motors ik Basin ... el 0il Eureka Croesus . Farreil Coul Federal 01l | Gilitiand 031 Glenrock 0l Goldwsn Pict: uffey-Gillespie Granada Oi1 Hecla .. Hercolex I Indian Packi i ’:; International Fetrolew 55 2% Tone Star Gas Livingston Petroieum Magn 1% d_Refnery Mawon Valley Merrite 0l Midwest 0il dwest Oil ptd. Midwest Refining { Nevada, Opbir. ew Comnelia ... issing Mines Co. i Amer. P. and Northwestern 0if (new). 1% n Tire Radio com. Radio_ptd. lay Heren Ryan Consolidated Sult Crevk Prodiic 59% - 2% - o | apulpa_com. dollars, 46%. LONDON, April pence per ounce. 514 | Simms Petrol &iy | forward for a_weck or more. but their new, Kiorida, No. AT s 55 | market has lacked the volume and D012 150043 2 5kbare 40% | suite Tuternational 213 | buoyancy of the bond business of thrre 1% opah Divide . %,, {months ago. Later a sharp wheat upturn re-, 15 Extension & Another series of new high records in|sulted from scattered reports of o s 1781 the Jupanese issties was interesting. | domestic crop deterioration and from 20 1- 3-16 | showing that the Yap controversy was jadvices that because of drought the 18% | C. 5. Light and Heat pfd...... 1P 1% | not being taken very seriously in finan- { vield of wheat in the Punjab, the most | 11% | Chitea Profit Sharing. ..., 1% 1o |l circles. These bonds, in their re- |important wheat section of India 8. Steamshi 2 - u;- markable advance the last month ori{would be cut down half. The close (2% | nited Rewii ¢ Doag %101 %0. have been reflecting the recovery in | was stre 214 to 4 net higher. with % United Texas . 3% 35 |Japanese finances and in the general|May to 1.25%. and July 1.05% ot | Wanreny e ..2% 2™ |economic position of the empire. The 4 |t 1.0515 bl B g B v 1 iper cents, for the first time, today| The corn market was also strength- M4 | Weat End con 2 244 |crossed 67, and both first and second i eped by predictions that as the sea- 21 Wright Aero ; roze a half point, to 833 and 83%.|on progressed a tremendous farm W% | CHICAGO—- vely. The demand for French |tonsumption of corn would ba re- Tantherg cooy 12 12y fcity issues was again a feature, thelycaled. The close was strong. 2% to ¢ 3™ | Bordeaux 6s jumping over a point to 79. net higher, with July 62% to : {1t is hard 1o pick up these bonds, how- . ever, owing to the belief among holders L s e e T . that . refunding plan is in ‘prospect. Qe pio 2 1 Swift & Co.. o which will muke them more valuable o 10515 ,3:'/, Union Carbide : than they are rated at present. 2 i 6 Brooklyn Gns 5x Higher. S 0% _——— " | e Among public utilities. /Brooklyn ";" ACCUSED OF NON-SUPPORT Union Gas 58 were a_feature, with A % \4 | B a gain of a point to 77} Manhat-|July Z Cann | ,’n’“‘ The grand jury today returned in.|14n 45 were down nearly a point t»| NEW TORK, April 20 —Lard weak; oy | lictments against five alleged 135%. The explanation for the recent middle west. 10.15a10.25; other ar- . |creant husbands, non-suppent bere {important puying of Interbommeh f ficles. unchanged 28y | Charged. They are Andrew wmmmf Mapl:’l jrra.l; it 58 is ‘{Inub:;‘uxs to be —_————— Thomas V. Strob . [found in the suggestion thrown out e Bl oo ¥ oo a"v'}- nfi'fi'kfi, ll((o:,m, {his morning very prominently. that Havre de G_ra.ce eqnes. Others indicted and (i SatZ |ihg new transit commission will en-| irst race claiming: maiden two- against them are: G dellvor to procure tk ease of the| vear-olds; four furlongs—*Thonella, Potiat Drh :. Grant Johnson.|Interborough from its muarantees of | Jg: *Restless. 108; Wilfex, 116; Kate A cks, grand |7 per cent on Manhattan Elcvated on 3 eFarew <108 Loulse Davis and Neal Hick p Manhattan Ileva Brummel, 11 arewell Taps, 108; 81 ANy Juchael Casev, Leroy Shep-|the ground that this is nolonger|mpa’ Cigarette, 113; Bounce. 111; Or- a2 :u andl _r:m:-u §h'¥nom housebreak- | justificd by the earnings of the lat- 113; *Kitty Warmer, 108. iz | 18 @and larceny: Jacques Raymond [ter. Relieved of this burden the Inter- cond race, the Army Remount 4z | 730 [slscipretouscs FheasieliTalbart | boroUE R wouldNbelmuehibetier APl | e steeplechase : for . four-vear- . | forgery and uttering. to maintain interest on its own bonds. | PUrS®: St I : e 6s were actively bought with a half 60: Catamount. 162: Si H 62% : > Ay i alf i, cse. 160; Catamount. 162: Silent &4 CHARLES DICK ANSWERS. [point gain (o i3u. Wilson & Com. |nests MU, Cuimie™ ol Courteous, W4 | Charles Dick. owner of the Franniip | BADY, ATSL 63 rallied across 88 United | Jiytner 102 SIAXHE T : S5 ¢ Franklin | States Rubber were 8 to 49, n|162 aMal. hEa = 31% | Square Hotel, has filed an answer the Satlway group St. Louls. South: aRirdrace Sclaiming; Athressveats Z% 110 the sui 27 western Terminal 5s made a new high [ ¢lds and up: six furlongs—rToe 'the suit for $8, 7 brought by ark. 110: Flo; 109; Caub - I : & Y{at 68).. Southern Railway 4s up to|Mark, 110: Esaln, o799 aubeen, 1 |Philip M. Julien, an architect, for|58s,, Missouri Pacific general 4s al101: *Shandon. 109: *Ben Butler, 101 72 |services in connection with the im-|half point to 53%, and lowa Centralj[red the Great, 110; i Enjoleur. 106 59% 8 58 a half point to D3%. A block of |Favour. 101; *Fickie Fancy. 10 : soye | Lrovement of the property. Mr. Dick | §50.000 Reading general is sold at |chine Gunner, 96; Midian, 110: 1434 | S8 the architect spent three times (7711 which was a new low. Weakness 10 Oadiy o7e ;“lig‘,;;‘:""":? iR the amount he intended for the im-|continued in New York, Westchester|)f - s o = ‘:f‘* provements and delayed the opening|and Boston 11:s, carrying them down {Socks. 1115 *Toadstool, 101. (a) Clop- 2374 | f_the hotel <o that much money was | for the first time below 35. The sub-|ton entry. o : 1 3% | lost to him. He declares he should be | scription books for the Marland bonds| Fourth race. claiming: three-year- to% | awarded damages of $10,000 ipstead of | Were closed early toda: D a funlongE e dliCon. ibeing required to meet the claim of — S P e 4 13 h f Buliant, 109; Equator. 106; *Amackas- 67% ;(h,»';.;;:p:‘h':'p‘:‘,:g ?;:D:;;yd’l}:;?’::;k C.] CHICAGO LIVE STOCK MARKET. 3 101; Joe Jl"‘t‘. 114; Dixie Carroll, wy | BrY > . CHICAGO, April 20 (United S Arrowhead Tnn, '106; *Aigrette, a1 | bureau n{on T‘an:i ).—k'al(h:—R - Optimism, 92; General, 114; Vim, ceipts, 11, ead:” market uneven; E. uso, 10 *Brookfield, 101 g% REPORTS $2,423 THEFT. light and handy weight beef steers.|Tenite. 102. Also eligible: Tetley, §%| Goods wmounting to $2.423 were | steady to strong: heavies, slow, weuk Mountain Dew, 101. 2 | Stolen from the millinery store of 60. paid for vearling stecrs and | Rifth race, the Climax Highweight 624 Mrs. Julia M. Ash, 1217 Connecticut : 9.50 paid for 1,188-pound bul- { handicap; three-year-olds; six fur-! il lavenue today. Mrs. Ash lives at|lock: bulk ~beef steer 850 | Jongs-—Dr. Clark, 133 St. Tsidore, 114: 6% | 1870 Wyoming avenue, and maid later | butcher she stock. calves, stockers si Allan, 110; afoutledge, 122; Sweep | 3 |that mo trace of the robbers had been |and fecders stea WK LA COWS | Clean, 112: Fruit Cake, 116; aKinnoul, 5 |found. and heifers Spune canners |3 102" s Jeffords entry. :h et o ulk bulls, 5.00 | ““sixfh race, clalming; four-year-olds n 15% LJ a% % 2 cent; three-month BERTY BON NEW YORK, 59.60; first 4s, 87 i | frat 4n K Nthird 4% ;\lvtory 3 N \ umet and Jorome . Intercontinental Rubber Producers and Refiners BAR SILVER QUOTATIONS. NEW YORK, April 20.— domestic, 99%; foreign, 60%; Discount rates, short bills, PR — July 9 July 20 Apr. 25 May 1 fpes s m (new) Tl ar silver, ; Mexican 20.—Bar silver, 35 Money, 5% per cent. ' 5% per bills, 6% per cent. STOCKS ARE QUIET; £{ GENERALLY FIRMER m |Very Little Trading in Early L%| Hours—Activity in Grapho- phone Shares. - NEW YORK. April perhaps the least int year, so far, taking and large. On the trading sank to a stil Cotton likewise in a v. first rose, exchanges then fell b continued only life shown at Erain pits, where w 20.—Today was eresting of the the market by stock exchange 1 lower vol ery dull se ack again. to harden, but their net gain was unimportant.” The all was the heat, in after an- oOther sharp drop, rallied with suf- ficient vigor to Suggest at least a temporary turn for the better. The stock market same sort obviously Eroups of stocks, readjustment is belie vesterda distinguishing where the was much the U was between business ved to be ¢ pleted. and other groups which still face the possibility for further price cutting and dividend reductions. Con- sequently. what was centered upon oils, the copper: ties. while the negiected and shares inclined So far as concerned. the argum; repre in Chi viction. Their side was strengthened by made yesterday spiracy 80 drive the rail cepting lower wage: market, while contin: moderately cheerful v sure enough of any immediate way issues. Trading in Talk of a further s accompanied th it in these shares. ~velopments in the ¢ the weakness in the fres| and steels another series of price reduc the refiners. Profit in the motor and much interest in the of the Goodrich comp: not expected to be made known unti the the of a to foster unemployment and ilway men its ground interest h buying there lower priced a few special- and rails were the sugar and paper to be s the railway situation is ak ent of the labor "ntatives at the wage hearing £o has carried very little con- certainly not wild charge banking con- into ac- But the stock uing to hold a iew, did not feel to take in the rail- Oilx. advance in oil e buying move- | There were no opper trade, but sugars followed ons by taking continued tire shares, with dividend action any. which was after the close of business. pressing effect of the i ipment shares felt again the de-{ idle car fizur showing that the peak was re.ched in the first week of April. Steel stocks were du for the most part. TI its weekly review, re Steel Corporation had the new price sched business lo: il and uncertain he Iron Age. ported that the recovered under come of the ini maintain-! N i & [ K A N St St P i< te Armonr & Atehison, Atiant Baltimore and ol Baltimore and Ohio fe. Central « Chesnpeake and Ohio Chi.., New York e e Norfolk and Western conv Norfolk and Western con Northern Py Potatoes sad Sales—861 b prices reported to The York-Washington wire by ar o ' of Paris 6a 19 rench government overnment of & ingdom of Te and Ireland and Ireland « 1 Line Refining tlant Balt i esapenk apeake and Ohio lington and Qu . and ra and St Northwest, . 1. and Pacific refd, icago Union station 6 nsolidated Gas 7. and Hudson 7x ie general fien 1s.. Electric ew York Central deb, phone is [N e 4., Tania Gk 1988, Louis and § . Lonis and & ver direct mond & Co Grain, Produce and Live Stoc GRAIN AND PROVISIONS. | BALTIMOR} April 20 White, per cwt., 110 (Sp: 1 gree 004,50, ragus, per 1 per crate, ~r bunch. 5a10. AS n; 2 Cabbage, ucumbers, per jof {a4.00. "Tomatoes, crate, 1 Apples, per barrel, 3.00u6.00; { 1.50a3.50; loose, per cwt. 1 Oranges.” per box. 3.30a4.00. fruit, per bo. 50. St ries, per quart, ling Prices at Noo: No. 2 red winter winter, garlick : April, 1.39; 1.35. r, garlick 0 per bushe cobblers lorida. nga. per. 3 red win-} ecial) .00al. 1.00a per | barrel, . 2 and n. pearl Beets. per doz- bunch 50a2.2 zgplant. 3.00a6.00. ale. per bushel, Lettuce, Ket, 1.5¢ 00, ons. per ewt, 1.50a1.7 Peppers, crate, Radishes, per hasket onions, per | 100 bunches, Spinach, per i bushel, 40a60. per basket, 0 .5046.00. per box. .00a1.50. Grape- rawber- | spot, 1.49; 4 , spot 1.39 | | i i 1 i 1 turkeys, per 1b., 35a40; chickens, : Spring. per lb., 85490 hens, per Ib., 34: keats. young, each, 60a75; chick- L 20, 1991 Air_Line adj. Rafiwas gen Southern Railway & Union Pacific 1st 4s ion Pacific conv. 45 nion Pacific €« 1928 ted States Rubbel ox Steel 8. F. ‘arolina_Chemical Wilson & Co. 1st SHORT-TERM SECURITIES. (Reported by Redmond & Co.) el & Tel & Tel. American Tel American Tel Rethlehem Steel 7x 19 Rethlehem Stecl < 19 Canadian Pacific 6s 1 Central Argentine fs Chicago. R I & Paci Corporation 3 inz Co. 78 1 Hocking Valley 6« 19 Kennecott Copper_ 7s 1930 Ligzett & Myers Tob. 6x 19; g $1us J) 7x 1 &M 97, LOCAL WHOLESALE Eggs—Strictly fresh, southern, 26, Live poultry—Roosters, per Ib., 21; MARKET per doz., ens. winter, per 1b., 50a60. Dressed poultry—Fresh killed spring | chickens, per Ib. 1.00; hens, 34; roosters, per Ih,, 2! 1b. 50a58; winter, 65475 Pork — Dressed, medium, 13al4; hozs, 9%. Livestock—Calves, choice, per Ib. 11: lambs, choice. per Tb., 15. sreen fruits—Apples, per bbl £.00; per basket, 75a2.00: western, per chickens, per smail, heavy, per 1b., 10a13; 154 live | 3.00a 0x, 3.5024.50. California lemons, per box, 3.50a4.50. California oranges, per crate, 4.00a5.00. “lorida oranges, rwr] crate, 4.50a Grapefruit, per crate, No. 1 sac] northern, p potatoes, per bb 5 et potatoes, per bbl. .0026.00; No, 2. : sw i Secured by First Deed of Trust on Real Eatate Joseph 1. Weller BOUGHT AND SOLD FOR CASH Investment Securities Liberty Bond Exchange | 510-11 Evans Building L 604 1th St. N.W. | Washington. 0. . jEe——— FINANCIAL. Money to Loan *-21 CITIES SERVICE SECURITIES Bought, Sold, Quoted THOMAS W. BRAHANY & CO. Prevailiug_interest and commission. 420 Wash. L& Trust bidg.. 0d ¥ aw. LIBERTY BONDS EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Orzantzea 1578 41st YEAR COMPLETED REAL ESTATE NOTES Conservative Valuations Secured by first deed Ansetn . .S4.272,068.87 Sarplus . .$1.065.322.89 of trust on high-ciase propertics. Responsible makers. GLOVER & FLATHER 37 15th St. N.W. You Will Accomglish More Than Ever in Sav- ing , = by adopt; saving plan of the Equitabie Buildng Ass: tion. a plan that has won finan: dependence for thousands Subacriptions for the 80th Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING, 915 F St. N.W. JOHN JOY EDSON. Preatdent FRANK P. REESIDE. Seey. the mvstematic Federal Land Bank. 10-20 Year 5%, Bonds Exempt from Federal, State, Municipal and Local Taxation Dated May 1. 1921 Due May 1. 1941 Nct redeemable before May 1, 1981 1 and November Rank or Federal Frincipal pasable at hank of isue and regzistered bonds (inter- in depominations of o0, $1.000, 2100 and $40. Redeemabie at par and inthrest at any {| time aZi® ten years from date of iseve. The Suprre_mer Court of the United States i Interest pa 1Tat any F Commercial Accounts | States, and that the honds insued by these ? Safe Deposit / Boxes i 1 Banka are i talities of ¢ Government, Monthly State- ment Service 1336 N. Y. Ave. These bonds are acceptable by {the United States Treasury as security for Government de- posits, including Postal Savings funds. They are lawful investments for all fiduciary and trust funds under the jurisdiction of the United States government. | They are cligible under the laws of many of the states for LI/ L 0, Harriman & Co. | 1 | i | 1 | MEMBERS: ! i | | \ N N N N N N N N N N N N S N N B I’y ing the ol The independentsi orn—Col ellow. 3.60 pur%hl . 3.50a5.00. N New York Stock Exdulge N[ investment of all public and | :!nca;\uhvle had b en_able t close al contract corn. spot, | Lina. rer crate. 1 N = N N | private funds. and have been | good many contr.cts for lnw-pric No. 4, 6 track | doz., 1.00a1.50: N 11 Broadwa ew N Rcially B 53 steel that were hanging fire tin bl | 450, Romaine lettuce, 1.2522.50. Cym- | N 2 % ork RN | | officially "‘,"’d elfmb"b ‘°|" in the action of the Steel Corporation Wihiveiss No s whitec | Plings. per crate, Filorida, 3.50ai.00. | N N [{| Scstment by, savings:Sagle; sa Columbia Graphophone. g §n_nfu h. w-l:ht;h F‘1,nna-_'.tm. Kale, 1 N § I] thirty-seven states. The enormous activity in Columbia Bug lots of nearby rye, as t8|41.50 per bbl. Peppers, per basket. | N NIl o Graphophone . common terda 130a1.40 per bushel; No. 2|3:00a6.00. Tomatoes, per box. 4.00a |N Ni| Price 100 and Interest when over 20,000 shares were sold. . spot. 14412 per bushel; No. 3,1 5 nions, - per sack, 1.50a2.50. | N N!| St 5 recalled the speculative of 1919, per bushel. Texas onions, 3.2582.50. Brussels N N | Yleldmg SA, when the stock was run up to 75 and | No. 1 timothy. nominal; stand- | lrr"(»uxs_ per qt. 15a25. Cranberries, { N Washington Oflice N | a little better. 10083350 No. 2 timo- | 2.00a5.00 per bbl. New cabbage, per (N Ni| The market thiz morning was de- : No. 3 timothy, 14.50a - Eggplant, per crate. | N N! BAKER, WAI lS &CO., cidedly ffrm again, advancing to 9%, o. 1 1ight clover, mixed, 20.00a South Carolina'asparagus.| N COLORADO BUILDING BANKERS, % point over closing light clover, mixed, 16.00a | Per doz. 2.30a4.00; nearby, per doz. (N Nil o g e otation it i ea 150a250 ‘Cucumbers, per érate, 3.50a | N Telephone Main 1603 N Woodward Building The preferred shares scored a 3% v mixed, 14.00a1 .00. N NIl Washington, D, C. | advance, selling to 45%. 3.00; No. ‘1 (mwv:;nf 7 _— N N! Telephone Mais 68. | Market Firmer. e g0, DAIRY MARKET. N The statements contained herein, while l After the noon hour the entire mar-t g "No 1 nominal: No. 2 straight | . PALTIMORE, April 20 (Special).— | N not suaranteed. are based upon imfer- | ket recovered slightiv, with a gain in (. N1 tangied rve. 1700:| Chickens—Young, large. 40a45; rough | N {[| mation and advice which we batiews % Steel common and strength clse- | drve e o Swheat | and_staggy. 30a35; old, 31a36; old | N ||| be accorate and reliabie: where in the industrial list. with in-{ wheat, 12.00a12.50; | Toosters. winter, 23 1Ibs. and | N | dications of a firmer closing. | al, 1%.00a1 No. 5 | under. 50a55; spring, 1 to 13 lbs.. 60 | N —_— . {oaf, 16.00a17.00. Ducks, 28a34. "'Pigeons, per pr. | N . THICAG o Sy 50as55. Guinea fowl. 50a90. | N R H : u“}:u;}:l 20, [;‘l')rlifr;l;;g Ezhzs d410556 om—]s:ncu_v fresh [new low ason | nearby. doz., 26; southern, 25. Duck | Continued in the wheat market today. | eege, 3. | INSURANCE 3 | ¥avorable crop reports had a bearishi Butter—Creamery, fancy, Ib. 4%a FIRE & Dodge, $3.95per$100 = linfluence. Absence of any uggressive : prints, 50a. hearby creame -+ Ford, $63Sper$100 iasa o buying, however, was the main de- | 46a ladles, 26a2S; rolls. 18a2 WM. B. KRAFT & CO. {pressing factor. Opening prices, store packed. H,. dairy prints, 20a22; a M: U I 5 which varied from the same as yves- ""(’j;“\""(:wh 28a2 terday's finish to advance, with CAGO, April E Mz 21% to 1 and July 1.02 to | creamery, extras, 45; standards, [NSU RA ICEQ NEW YORK, April 20.—Bond trading | 1-0 were followed by, ia; materlal |G p oty ower: ‘eceipts, Store wa“te(l Every kind you ;! was not as dull as the trading in stocks, | but still it reached nolarge volume. The expectation is that the of money rates must c in the bond list, but so has been somewhat di: regards railroad bonds, it is easy to sce i might | given by the downward drift of money whatever stimulant is counterbalanced for the uncertainties of th. easier tendency ount before long far the response | sappointing. As have becn the present by e wage question. But no such obstacle would stand in the way of industrial bonds, public utilities | and government issues. classes have, to be sui 26.25; bulk Hogs—Receipts, and light lights, mostly 10 to day's average: fairly . 9.20; practical 0 pounds down, 0 ‘pounds up, bulk des 5.00. earl Yahl#. D NOON PRICES. April 20 —Liherty bond prices at noon today were: 3158, 30; second 4s, £7.34 second 4%s, 87.3% fourth 44s, 87.45; victory 4%s, 97.46. All these three re, . 7.50a8.50. 5 lower; than well sol top, 8.8029.00] hulk 8.2588.75; 1igs, 90 to 120 pound Sheep—Rcceipts, 28.000; best light lambs and yearlings, stéady: others lower; wooled_lamb. top, 11.10 to shippers; bull, 9.75210.60; shorn top, 10.00; bulk. 9.00a9.75; choice 113-Ib. shorn lam~y 8.00; choice 83-1b shorn yearlings, A few choice 128-Ib. wooled ewes, 7.00; lambs, 14.00215.00, few new crop been moving | in tes % D foi 11 % ne; { jof and up: ‘Woodthrush, Summer Sigh, 112; Trickster, 2d, 108} Widow Bedotte, 111; *Grundy, 10 Seventh race: claiming; three-year- 101 also eligible. *Dr. Jim, 9 Freeman, 9 setback all rount and then something of rally. F to the corn market. % to 12 higher. inquding % to 60, the market ease mporarily, but & Oats were governed rn. starting % off to % % to 3 ored ga Lower quotati i1l down provisions. Potatoes—Weak: receipts, s all round. 115; olds and up: one mile and sixteenth—! Bombast, 115; Nutcracker, 107: Lady| Granite, 95; *Hendrie, 110; *Burlin- game, 102; Tom Brooks, 115; Tom Saunders, 106; Fading Star, “Hackamore, 109; SBetsy, 101 111; *Cherubino, Mary ' Head, 9 106; *Alf rt 0; *Toreador, 87; ecp, -97. *Aoprantice allowance. ‘Weather, clear; track, fasty rther export business gave firm- After open- then rallied above the initial range in some cas by the . and after a slight sag, on hogs tended to 48 cai northern white, sacked, 90a1.00 ¢ one mile and a furlong— War Club, July at d down | ction up, July 110; Vez | the openifig of the cotton market to- ["ASS particmats at your ape. firsts, 24224 ordinary firsts, at mark, cases included, Poultry — Alive, lower; springs, 34. e e COTTON MARKETS. NEW YORK. April 20.—There was further liquidation of near months at fow day, but offerings of May were readily enough absorbed at a discount of | about 60 points as compared with July. andl after opening 5 points low- er'to 3 points higher the market steadied on the relatively steady showing of Liverpool and reports of a better feeling in Wall street.. Futures opened steady July, 12 : May, 11.70; October, 12.85; December, | 13.42 i 12, 3 ORLEA. April 20—Small | advances were made by cotton in the first half hour of business today. the| active months rising 11 to 12 points, | on expectations of unfavorable week- ly crop reports from .the government. { May rose to 11.45. Some buying was induced by a better Liverpool market than expected and fresh attempts to settle the British coal strike. Futures opened steady: May. 11.35; October. 12.36; December, i i LIVERPOOL. April 20.—Spot cot- ton gZood inquiry: prices lower; good middling, 851; fully middling. 7.96 middling. 7.31: low middling, good ordinary, 6.01; ordina sales, 7.000 bales. including i American: receipts, 5.000 bales, in-|— cluding 4,700 American. Futures { closed quiet and steady: April, 7.71; May. 7.85; July. §.10; October, §.39; December, $.52; January, $.55; March, 5.61. —_— FRENCH EXPORTS GROW. Greatly Exceed Imports for First Quarter of 1921. PARIS, April 20.—French exports for the first quarter of 1921 exceeded imports by more than 129.000.000 francs, and, despite the p ling business stagnation. the exports for the three months surpassed thc same iod of 1920 by nearly 1.000,000,000 for the three months totaled 9.307,000 francs and ex- borts 5,468.485.000 francs. During the first three months of 1920 the imports more than doubled the ex- ports. GRANT F. CHASE, Public Accountant and Auditor 247 Woodward bldg. Tel. Main 1850. Systems installed. Periodic audits, Income tax matters. $5,000 Life Policy, $57.35 'Age 40. Send date of birth for illustration "Alvlur M. LE ROY GOFF, Insurance " Room 610 Woodward_uildin E. H. Rollins & Sons Founded 1876 416 Woodward Bldg. 15th & H Streets Washingten, D. C. Phone Franklin 3463 Boston New York _ Philadelphia Chicage Denver San Francisco New England Oil Refining Company First Mortgage 8% Bonds Due March 1, 1931 Price 98 and Interest to yield 8.30% Send for Desoriptive Clreular need for your pro- tection. Let quote you rates - h . us Located in section bounded by H, F, 15th and 13th N.W. State: square feet and rental. Address Box 293-S, Star Office. “Gilt Edge” 1% First Mortgage Notes Now on Hand In Amounts of $250 Up to $5,000 w is the time to invest. but in securities that are abso- safe. Don't take chances eculate with your savings. PECULATION being an art. as dis- tinguished from INVESTMENT which is a science, is con- | trolled by different in- fluences. . :T:&:m' ?:E‘l'& o -:n:: e e stocks 8 CALIFORNIA PETROLEUM STUDEBAKER GENERAL ASPHALT You will find our servics helpful in making your table. Ask for our Trading Gircudor No. 136. DILLON & CO. Stoeks—Bondn. We look after detalls and furnish guaranteed titles with all notes, Chas. D. Sager 923 15th St. N.W. Loan Dept., M. 36. LIBERTY BONDS BOUGHT AND SOLD FOR CASH We Make Liberal Loanx on Them Liberty Bond Purchasing Co. 920 F St. N.W. The only way to make moncy consistenlly in the stqek market is to make it conservatively. . Judge Gary Talks About Securities Judge Elbert H. Gary. chairman of the board of the United States Steel Corpo- ration, made this statement at the-annual meeting of his company’s -stockholders on Monday of this week: “If any other country can survive, our country can prosper. I'm not giving any one advice on what to do with their securities, but 1 am going to keep my own.” Now—while prices of listed stocks and bonds are lower than they have béen for many years —is the time to buy standard securities and keep them as Judge Gary intends to keep his —for future profit. Our Partial Payment Plan will help you to buy them—and keép them— safely, conveniently and profitably. Write for our fatest market letter. Smith, Lockhart & Co. The Particl Payment House ESTABLISHED 111 Members Baltimore Stock Exchange = - Continental Building, - Bartimore, Maryland