Evening Star Newspaper, April 28, 1921, Page 24

: e o TODAY’S BOND PRICES. peices reported to The Star over direct SHORT-TERM SECURITIES. » LOCAL WHOLESALE MARKET. GRAIN AND PROVISIONS. THE EVENING STAR, WASHINGTO Grain, Produce and Live Stock Oats were easier with other cereals, starting unchanged to % off. July 37% to 37%, and later descending a little more. Provisibns went lower, as well as > -Washis :-vuewmmmaca.‘ R RS n: dx::fl:v-. 1.:21 (Reported by Redmond & Co) Egrs Striclly freah, per ot 26; memow, April 28 (Special). —| £rain _ despite an upturn in the hog O : Bla. southern, 26. toes—White, N markos Frei € 8. American Tel. .6 1922, 9TH 9% otato te, No. 1, per 100 pounds, Freseh Government American Tel. & Tel. e 9% 961w 96% | Live poultry—Roosters, per 1b. 21:(90a1.00; cobblers, 50a1.00; McCormicks, S American Thread Co. ®s 1928.. 94y ¥5% |turkeys, per 1b., 35a40; chickens,|75a90: No. 2. 40a50; Florida, new. per|; N i % ::;fl:: ;:::cn ‘(_,- s ;:";; }m }gz fipflng, per 1b., 60a65: hens, pfil‘ 1b., :w }urml. 2.00a7.00: sweets, per barrel, LK. of G. B. evo Co. 3 eats, young, cach, 60a7; chickens, Win- | 4.00a4.50 : yams, 4.00a4.50; No. 2 and e ey 5 land 51gs 1925, A Tl : D00 100% : 50 3 ; sR1 58k 51y O o e L e iaeT Ao Tobaceo O omm. 023" To0w Bai3 | teT. per Ib 50as0. culls, 2.50a3.00. Beans, green, pearl and o1 611 603 American Tel. and Tel. conv. 6a. Anglo-Amertrrn Oil 7igs 1025... 1001y 100% | Dressed poultry—Fresh-killed spring| WaX, 3.00a4.00. Beets, per bunch, as. ; 2 & Armour & Co. 4% Armofr & Co. 7a 1930 96% 961 | chickens, per 1b., 90; hens, per lb. | Asparagus, per doz.. 1.50a3.00. 361, 3615 ::; oy Atchiuon, Topeka and RS TR s .- 3 }“‘ Toosters, per lIb., 25: turkeys. per| Cabbage—Per crate. 1.25al.75. Cu- - 8% %% % 1t "ot 3 ine Ts.. - 2 . | 5 8 - Atlantic Refining Co. 6% B taniiee et 68 152 B o ib. 50a63; chickens, winter. pef Ib. | cumbers, per box, 2500350, Eggplant | GHICAGO LIVE STOCK MARKET. d Ohto “ral rgentine 9 " oes <A e % Fgh ) C. A s guae o et 102 88 97 | Pork—Dressed, small. per Ib. 15;|35a55. Lettuce, per basket, 1.00a3.50.| CHICAGO. April 28 (U. S. bureau - Cc. & s Touis g 1920 884 0% | mcdium, 13a14; heavy, 10a1d; live, B Onlons, per 100 pounds, 1.0021.60. Peas, of nmrkets).—Cattle—Recelpts,” 8.000 Central Teather 5 Tncking -1 "% | Live stock—calves, cholce, per Ib. |DEr, DASket, 301330 Leppers, peihead: beef steers and butcher she Central Pacific 4 1940, 0. 904 |11; lambe, cholce, per ib. 1. Tanichos "0, Radizhes. per bunch, | Stocl active, mostly 10 to 15¢ higher: Chesspeake and ohio e 4% Torasion n 1933, 80 (0% | Green fruita—apples. per bUL. 8.00a bird. per bunch, Sad { veartings, 9.00; top heavy steers, 8.75 peake and Ohio conv. o800 tey Go_ 1024 81 0215 | 8.00; per basket. 75a2.00; western. pe ve—ler cimie, 1.5045.25. BPIN-{ hulk beef steers. 7.7528.35; bulk fat Burlingt ncy Jt. 4s.. prer Ts 1939, 02 2% [ box, 3.50a4.50. Califorpia lemons. ver gch, jiev bushel, 15a35. Al per bar- . 7.75a8.35; Mil. and St. refd. "41g% Tov, tie 192 Wi | box, 3.50a4.50. Californla cranges, Per rel, 3.00a8.50; per box, 1.50a8.50 i loose, | ©OWS and heifers. 5.50a7.00; calves and St cony. T 1U5% | crade. 4.00a Florlda oranges. Der | el 100 pounds, 1.09a8.00. and buils. steady: bulk vealers. 8.00a Cht;. Rock Island and Pacific r 100¢ Grapefrult, per ciate, = Grapefruit “— Pe¢ box, 2.0025.00.|8.75; bulls, largely. 5.25a0.25; stock- €t Tk Toland xad fac i b Orangee, per box, 8.00a5.00. Btraw-|ers and feeders steady to Strong: Comolidated Gus 75 - = 1% | Vegetables—Potatoes. nearby. No. 1. | berries, per uart. 15ad0. 5 bulk stocker and feeder steers, 6.25a Dejaware and Hudson & (o. 78 1022, 90% | per bbL, 1.50al1.75; northern, per &ack. 7.50. e general lien 4. buck & Co. Ts 1023., e new Florida potatoes. per bbl.| Wheai--Nou. 5 red winter, spot, 1.55:| Hogm—Recelpts, 24.000 head: active, eeral Electric g = aweet potatocs, per bl No.|Na. S red wirier. garlicky, apot, 141i[ 15 to 25¢ higher than yesterday's av- Tilgois Central Sl 60; No. 3, 2.00a3.00; yamns, per|April, 1.41; M enteal Shav 60; No. 3, 2.00a3.00; yamns . 1.41; Ma: 1. orage hogs well sold: top. 8.60; bulk, Inrnational Mercan 88.90. Letiuce, North Caro- |* Nalos—Has { nearby by sample | 8.1028.50; better grades pigs steady; Lomisville and Nashyii r crate, 3.0023.00, Celery, DPer|at wharf, &l 123 por bughel. otharat e et Mo.. Kan. and Tex. Ist 43 00a1.60; Florida celery. & 02 | Corn—Cob, new. yellow, 3.70 perl Sheep—Receipts, 15,000 head; most- oz, | 480 Ttomaing lettuce, 1.36a2.00, Y | barrel In cargocs; contract corn, pot. |1y steady: wooled lamb. tob, 11.00; 3 5 e 69 vk | & 1""-}; per (hf;l“-‘m 200 Kale, ida T0%; April. 703%; No. 4, 67%; track|shorn, top., 10.50 to city butchers; Nertotk OIL STOCKS. |5:00a7%0. Tomatocs, !o}' ox, 4.00a6.50. No. 3 white, 49: No. 3 white, | wothers. 7.25: few light shorn wethers, Quotations furnished Ly W. B. Hibbe & Co. |Texan onlons, 2.00a2.20. Cranberrles, -25; best shorn owcs, 6.75 i e B s e uxlh Asked. | 2.06a5.00 per bl New cabbage. per |, R 11;‘;; v; x‘w:rlfl ycms —_— By 1936, Anglo-American Co. (new).. 18% ' .50as. 5 t, per crate, v . 1. e - No. 5 ot 1vso. B Atlantic Refining Co 000 w00 | e ol SO R D raramu, | Womern export, pot, 147 per bu.i COTTON MARKETS. Fennsvivania gen, mortiage 455 NN e W per dor., 2.0a6.00; ncarby, per doz. | N¢. 3 144 per NEW YORK, April 28.—Firmer S sty kb SMIES o e ma Cucumbers, per crate, 2.50a m_'d"‘{m"-:l“,;v u’lhzyz‘ g;‘_’"{!‘; {ing- | Liverpool cables and reports of bet- S e s e = = PR SN thy, ¥3.00a32 50; No.3 mothy, 14.50a |ter Prospects for a settlement of the BEf Lo atd S 1By 1 [ 1 Nisht clover, mixed, 20.00 | British coal strike. appeared to over- ol 2 » FOREIGN EXCHANGE. a20.50; No. 2 light clover, mlx‘nd. 18.00 | yhadow ‘n"e“;n; n::"mm, aelio bt 3 ‘ co. | a1 0. 1 clover, mixed, 18.00 4 # | Quotations furulshea by . It Hibbe & Co. | 8100 0.2 eloser BRI B e Sveatlonl e separationaily H ' 14.00a 3 Dollar value— Southern 1 No. 3, 11.00a13.00; No. 1 clover, the cotton market here today. The Sogthern a2 .30 e ey o) - b L 15.00n16.00; No. 2 clover, 12.00a813.00; .04 = o . ; 1 Tnjon P ns e No. 3, 10.00a1050; sumple hay. 11001 300 16 bointe seith Mary “sorling ot ! Northera ¥ K4 ‘1w O N 12.21 and July at 12.73, but thcre Ohio Uil C e straw—No. 1, nominal; No. 2|wag scattered southern eclling, which Pennsylv.s X 2 X strajght rye, nominal; No. 1 tangled | gupplied the early demand and gave y e Dl e G 5 are rye, 17.007 No. 2 tangled rye 16.00; | the market rather an irregular appear- ;“;r_:‘n':-& e Al e e o o % No.'1 wheat, 13.00a13.60: No. 2 wheat. | ance. H uthern Pipe Line (34 12.00a12.50; No. 1 oat. nominal, 18.00 | Futures opened steady; May, 12.18; 218.50; No. 2 oat, 16.00117.00. LONDON BANK RATE DROPS. : [ i (Ghotations 1 a T had a d vard S 8% 3% | LONDON, April 28.—Announcement | had 4 downward slant today, in- $rices at ron 620 a0 " ! = e < = - fluenced by the fact that weather and Beriin 4 . 12% | Standard w0 4qp Was made by the Lank of Ingland crop reports wers considered favor- DIVIDENDS DECLARED. ¢ | Standard 165 173 |this morning that tne bank rate had|aple on the whole. Uasettled condl- 5 andani 37 37 lbeen reduced to 6% per cent. For|ilons between Germany and the allics Sty 33 W0 the past tweive months it has re-|tended also to depress values. Trade | Am. Malt & G.. liquid, $7...May § May 6 it 108 110 |malned at 7 per cent. 5 was not lavge, however, and changes | Continental Paper and Daymeatadt 4. 304 held within comparatively narrow | Mills. a. $1.50. May 9 May 18/ Dryaden’ o 32 limits. Opening quotations, which|Coafinentsl Faper and Bag Drisden 4 3 PARIS BOURSE FIRM varied from unchanged figures to % e fndaon ¢ fy 0l Dubsseld 2 {lower with May 1.26 to 1251 Al Deangre £ Eaen i LIBERTY HOND NOON PRICES. PARIS, April 28—Prices were firm | July 1.04% to 1.04%. were followed oM ane20 Fraukrors NEW YORK, April 28.—Liberty | on the bourse today. Three per cent | by downturns all around and minor “June 1 Jume1s L bonds at noon: 3iss, i rentes, 56 francs 55 centimes. Ex- | transient rallies. a E 8G.74 bid: second 4s. 86.76 bi | change on London. 52 francs 20 cen- | Corn reflected the weakness of | June 1 June1s Hamburz 31 Hambars 4« Hanburg 4124 Kognigsberz 1% 41,8, 87 A ond 41, rth 41;s, third | times. Five per cent loan. $9 francs victory 1 95 centimes. 3 2t 13 francs 21 centime: wheat. including July at 61% to 61 market underwent a general s 118, 9 4 348, The dollar was quoted | ] CHICAGO, April 28.—Wheat prices After opening 1§ to % lower, July, 12.72; Octobe: 13.36; December, 13.40; January, 13.90. 3 May 16 May 10 Juge 1 June 1 May 31 ({4 oht-about-face mflg Jfioe%L{mmi’- about shoe prices ’ _ We all know somebody who would rather do grumble about a bad habit than cure it. Take the mard with the sentiment that he mustpayfincygfiwforshos. How are you going to convince him that he can save his money as well as his pride? eople who are gru NTNINININONINININININININININ “haventheard the news people—and their wives. Men and women who know what things are worth.- s o @ The Regal people are shoe-makers first—and price-makers afterward. Measure by Regal standards, and you get are all genuine leathers — g i On the other hand are the substantial folks . Regel lfiers ) 1 wh?ued&thonabmamgingof Cord their expenses. ovans i They are re-discovering the quality merchandise, make no mistake about that. $8.50 and $9.50. brought direct to Business executives, professional men, well-to- You need not be a shoe-maker to appreciate the genuine*quality of Regal workmanship. ! Nor a merchandise expert uine saving in these fine Regal to realize the gen- -Shoes at §7.50, The price of genuine values, the wearer through the 57 factory-owned Regal Stores. Regal Shoes for Spring are $7.50, $8.50 and $9.50 BOSTON, MASS. The New “CREST” In Dark Beown genuine Russia Calfskin— $7.50 Made by America’s Most Progressive Shoe-Makers REGAL SHOE STORES IN WASHINGTON REGAL SHOE COMPANY Sold Economically through Their Own Shoe Stores Men’s Store 1003 Penna. Ave. N.W. (Cor. D Street) Women’s Store NININININI NI NI NI\ 1203 F Street N.W. (Near 12th Street) Open. Adams Express. bl Air Reduction . %6 Ajax Rubber. . 3 Alaska Gold...... 1 Alaska Jumo...... 1% Allied Chemieal.... 43 Allis Chalmers. Am Agr Chem. % Am Beet Sumar... 8 Am Rosch. . L Am Brake Shee... 48% Am Can. . 2 AmCar& Fav.... 19°% A Cotton O 0% £m Fxnres tm Drueelsts. . &4 Am Tee . "% Ce Tnternational. Am Ta France A T annmatt; Am Radiator. 8% Am Safetv Razor.. % Am Shin & Com... % Am Qmelting. . o% Am Smelting pf... 7% Am Steel Fdy. 30 Am Buear s ‘e Cnmatrs. 0% Am Sumatrapf... 8% tm Tl & Telog . 1% tw Tohacco. ... .. 119% tm Tobacco (RY.. 1% Am Tobacco pf (n) 97 Am Woolen....... T Am Zinc & T.ead 9 AmZinc& LApf.. Ansconda. .. “% Awso Dry Good: L) Asso O11 \tehison. Atchison of. ttlentte Gulf. Aflantio Patrolem.. 20% Auto Sales. . ‘4 Auto Sales pf. 1% nnlAwin 2aito & Ohlo Halto & Ohto pf... Bath Qtael (R) Rath Steel 8% Df Rooth Fisherles. Burhs Bros. Rutte Copper. Rutte & Superior.. 13% ~addo Ol 1% 11fornia Pe Calumet & Ariz... 52% Fanadian Pacific. . 110% C: Plow Works. 8 entral Leather. .. 35% Central Leathpf.. T8 Cerro de Pasco. ... 8% Chandler Motor... 82% Ches & Ohlo.. . 6% Chi Great W pt.... 17 ~ni M & StP. 26% ChiMN &StPpt.. W% & Northwn.. .- 2% Chi Pneu Tool Ohi R 1 & Pacific. . Chi RT& P 6%Df. CriRI& P1%0t. Chile Copper. Chino Copper. Coca-Cola. Colo & Sou! Colo & Southn 1st. Col Gas..... Col Graphophone.. 8% Cons CIRST.. .. .- 1% Cons Distirbutors.. 7% Cons Gasof N Y fi Cons Intl Cal Min Cons Textil! Cont Can.. Cont Candy. Corn Pr:dcml sden 0. eone gronem- Steel..... 80% Cuban-Am Sugar.. 2% Cuba Cane Sugar.. 18% Cuba Cane Su pf... 69 Del Lack & Wstn.. 215 Denv & Rio G pt. 1% Detroit United.... 6% Dome Mines. 19% Elk Horn Coal 194 Endicott-Johason ::96 -John Endicott-John pf. . % 1 18 Famous Players... 9% Fisher Body...... 8% Fisk Rubber. . 18% Freeport Texas... 15% Gaston Willlams.. 1% Gen Asphalt...... 7% Gen Asphalt pf. Gen Cigar deb. . n Electric. Gen Motors Gen Mot 6% deb. ... GMI’IG%.D. .o .‘ < Granby nsol. ... Great Northern pf. 70% Great Nor Ore. 30 Greene-Cananea.. 26 Gulf Mo & Nor.... 8 Gulf States Steel.. 35 Hartman Corp.... 7 Haskell & Barker. &5 Hendee Mfg. . 28 Houston Ofl. 0 Hupp Motors % Tilinois Central. 9% Inspiration . 3% Interboro Metro... 4% Interboro Met pf.. 13% Intl Agr Chem.... 9% Intl Agri Chem Df. 46% ntl Harvester. oy Int] Mer Marine... 4% Int] Mer Marine pf 53% Intl Motor Truck.. 37 Totl Nickel. . Intl Paper. Invincible Ol Island Oil..... % Kansas City Sou 263 Kansas C Sou pf... 50% Kelly-Spring Tire. 42% Kelsey Wheel..... i6% Kennecott. . 0% Keystone Tire. 154 ,wanna Steel. 53 Lee Tire & Rubber 27% Lehigh Valley..... % Liggett & Myers.. 148 Loews Inc 18% LottInc. ... 18 Loose-Wile: 37% Lorrillard 151% Manati Sugar. 64% Maxwell 18t L. 8 May Dept Stores.. 814 Mexican Pete 150% Ajami Copper..... 23 Middle States Oll.. 1§ Midvale Steel 29 MinnStP&SSM. 6 Mion &StL(D)... 10% Mo Kan & TeX..... 24 Mo Pacific 18% Mo Pacific Pf...... 38 Montana Power... 52l Montgomery Ward 205 Natl Acme. - -« 21% Natl Biscuit Df.... 112% Natl Condult. 1% Natl Enameling... €0% Nevada COpper.... 12 N ¥ Central . 68% N'Y Dock. 29% NYNH&Hart... 17% NYOnt& West... 177 Norfolk & Wstrn.. 95 olk & WL DI. | 68 {qo::hern pacific. .® 1% Nova Scotla Steel. . 364 Oklahoma Prod... 3% Orpheum Circult.. 28 Otis Eievator. 1% Owens Bottle % Pac Development. 143 Gas & Elec.... 80 Pacific Ol % PacTel &Tel..... 49% . Pan-Am Pete. 1% Pan-Am Pe:o (B). 6% P lvanis..... 83% e bd Steel.. 11% -4 Phila Company... 31% Phillips Petroleum 28% Plerce-ATrrow..... 34 Pierce-Arrow pf.. 71 Plerce Oil. Plerce Pi1 pf.. Pitts Coal Pitts & W Va.. 2% Pitts& W Vapl... T Pond Creek Coal.. 16% Pressed Steel Car. 86 Pullman Co. 106 Punta Alegre. aK PureOll.. 5% Rallway St1Spr... 88% Ry Steel Spr pf.... 100 Ray Con Copper... 13% Reading. . Reading 15t Df.... &% Reading 3 Df..... 41% Replogle Steel. n% D. C., THURSDAY; APRIL 28, 1921; NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. High. 3% 36 *n% 1% 6% 8% m % 9% Low. Close. 2% 8% % 36 B E% g 1% 1% 2% uh % A% an % s 8% "% 4 2 0% 0% 1% 6% 20 0 128 128 o A% TR 1T " % 0% 10% od ou 6% ™ 6% « 9 aw 2% % % EE. ] Y 8% 0% 0% s% 8% 107% 107% nov 1714 7% 119% 0 90 0% Pi9% » 1% aw% s2% 110% 8 4% ‘8% 2% 1 ‘5% 39% 2% 6% 26% 62 1% 24 0% 6 61% “a% 6% 19% 216 18% 1% 5% &6 1% 3% 36 5% 2 80 " 9% 5% % 126 1% 2% 2% 0% 151% 19% n% 37% 151% % 8 91% 9% 8% u% 9% 8% 50 1% () UM 1% 4 1% 25% 36% 77 1 72 2% STOCKS ERRATIC; Open. High. Lew. Close. RepIron & Stesl.. gus 64 €5 6% Roval Dutch...... es% 6 e6% 6% ;: irouen_rh Lead. 1% 1% n% n% 2% Ban ¥ 2 n nu 1% StLa&SanFrof... 2ou 29% o 2% StloulsSouthwn. 58 :s 21 1% g::f:'clk‘-n .. 31 wm ; NEW YORK, April 28.—Reduction Sivies ;“‘jn',:slu. 2% 2% 2% 2% |in the English bank rate from 7 to axon Motors. ..., l:‘ T 11 17 6% per cent was the Incideat of chief ars Roebuck. .. sow s s e | [PPOTIance In the financlal situation Seneca Copper. " lew 1o Jew e |100aY. The T-per cent rate had been E::::uck-Arlmnl 8% &% 6% 6% |!n force a little over a year, and while _lm_h""::;:,& Tran. 46 4% 45 46 |foreshadowed by the lowering of So Porto Rice suy, 1% T 164 16% |ratcs of British treasury bills on two Southern Pacifie” ::,‘ 15 85 15 |guccessive occasions within the pas! Southern Rallway, % (54 % 7% |;onth, the reduction of the minimum £ flway. 21% 21% 214 21% ’:IH:-rn Ryopf... g5 gs% 8 6§ |discount was nevertheless a matter of m::ag.': :f,N.Y . 151% 151% 180 180 | Wide significance. Stewartow Pf... 208 108 10% 1207% | In the first place, it is a measure®hf g AFROT.. Y9k 29% 994 29% | sentiment In English financiai circles Soombers Carb... 8% 4% 89% 4% |toward both the German reparation Srrrhaker 88% 2% ey 51 |Question and the troubles with coal Studebaker p, 95 95 5 g5 |miners. In the second place. it is a uperior Of. . S ‘ow "me " |practical recognition by high bank- Tenn Copper. e ing opinion that the world-wide Texas Company. 0% 10% 10% | credit strain is passing. Texas & Peay @8 9% @% @%| That the Bank of England_ action Texana PO RGN, Lo¢ M 2% 2° Wil have its effect upon the altitude Third Avenu Ofl. g4 39 8% W% C_»t the Federal Reserve Board here Tohweontoog T M L B TS SN the open market Fates on 5 4% Fvg B ¢ open market rates on TOIStL& Wpt. .. 107 18° 13 se- |commercial bills, it SuEEests @ Een- Trene mti O 1 1% 1% 1y | $T8) lowering of federal reserve rates nton ON i ,:“ in the near future - 15% 116% Stocks Unaflected. 3% @y | The stock market, unresponsive as 21 31 |1t has been lately to the larger devel 6% 99 opments in the situation, gave no par- 1009 110% | ticular heed to the English bank (Tnited Ry Iny. % tion. For the most part. it was a con- Cnited Ry Inv pf. X B, |test between rival sets of traders, one U'nited Ret. = = taking the stand that the turn in in- Al Strs. 2% B3% S Food Prod. = e dustry had come and that the price 178 Yndus Aleohol, g trend was upward, the other arguing S Rubber. . .. _:.1 ::: % 08 |from the immediate technical position = TN R4 M T2 ‘These opposing sides showed their TSSmeltRefpt.” o % @ %|hands principally in a few highiy S Steel 8 8% 838 | speculative and easily manipulated is- 110 110% | Sues. “tuh € 5%% s3] For an hour or <o the bear party Yanadium Corp 3% 341 | Was on top. as the resuit of a success- Va-Car Chem pt. 91 91 |ful drive against Mexican Petroleum Vivadou. 6% 6| Then the tide was suddenly turned, Wabash. T 7% | OTSt by a swift rush upward in Inter- Wabashpf A 0% 2% 2 25 |national Paper and later by a revival Wells-Fargo Exp. 64 6 6 e |Of, eager buyinz aker and Western Md...... 9% 9% 9% s%Cther mofor accessory Western MA7d. ... 174 11 1 1 | SLOCks. The iker move was Western Pacific. ] %1 attributed to or buying fre Western Pac pf 2% | interests desirous of having a large 65 | representation at th- mecting scheduled Western Union. . %0 |for Satura: Westhouse E&M. 48 48 1% 41%| In International Paner it was a case Wheeling & LE. 9 9 8% 9 |ofalarge short i ¢ taking alarm White Motor...... 41 41% 41 41 |at the smallnes vating supply White Ofl.... 16% 164 16% 16% | of the shares by the large Wilson Company « minority rep at the meet- Willvs-Overland. % ing yesterda g!nvg-ond pf. 3 8 Studebaker Pushed Up. W;fi"“:;‘f"“" 3% 33% It was soon after midday t worth. .. 16 136% Studebaker pushed through its previ- Worthington Pmp. 49 49%a ous high of $9%. A great many stop High. orders had been placed by bear traders 5 just above this figure on the theory Call Money..s.. 6% that if the stock were strong enough HOURLY SALES OF STOCKS. to go through it mer top. it would 78 500 - 676 620 MOVE FOR MEREER OF THREE BANKS Wade H. Cooper Succeeds N. B. Scott as Continental Trust Company Head. BY L A. FLEMING. Wade H. Cooper, president of the i Unyon and the United States savings | banks, was chosen president of the Continental Trust Company yesterday afternoon. 2 The election of Mr. Cooper is said to be the initial step in the negoti: tions that may, resuit in the consol dation of the three banks. During the next thirty days th: i shareholders of the various institu- tions will be asked to ratify & propo- { sition for this merger. than B. Scott. one of the founders of the Continental Trust Company. and its retiring president, has been anx- ious for many months to retire from active business. He will retain a stock interest in the Continental { Trust Company, and be chairman of the board of directors. - I In the event of the negotiations reaching consummation the title of the merged institution will be the Continental Trust Company. It will {be a matter of future consideration whether present quafrters of the trust company will be retained as the main office or the present quarters of the ! Union Savings Bank be occupied as the home office. The United States Savings Bank would be retained as a branch bank, as it has an exclusive field and is a very successful institution. Total resources of the three insti- tutions are about $10,000.000. Mr. Cooper has been a sharehoider in the Continental Trust Company | since its organization and was a di- | rector up to_the date the Clayton law became effective. 4 A merger entirely different from the {one indicated has been under con- | sideration for three or four weeks. Biz Bond Issue Withdraws Millio There are two reasons why Was| ington is not participating as freel in the purchase of the Northern Pa | cific-Great Northern joint 6ls as it might be expected to—the great {amount of the bonds—$230,000,000— with the practical certainty of more ! or less shifting of investments there- | in, and the fact that local bankers are preparing for the heavy drafts| that will be made for the payment of | taxes during the month of May. i It is estimated that the amount to | be wathdrawn for taxes will be be- tween $7.500,000 and $9.000,000. Contrary to the custom in forty- eight states, this large amount of money will flow into the govern- ment Treasury. without the redeposit | of a dollar with the local banks | until such time as the money is ac- tually needed. Up to last yvear it had been the | habit of the government to redeposit | £4,000,000 with the banks, repayable in’ installments. The needs of the Treasury have not permitted of this concession in the last tWo years. Sl e CURB STOCKS. Aetna Explosives Allied Oil ...... American_Candy . Petroleum Roston and Montana. { Boston 104 Wyoming Y { City “ana Metropolitan R. Potomac { Washington Loan wnd Trust: | Washington Mec! £0 considerably to execute these orders all at once occasioncd a flurry. In a few minutes Studebaker jumped across 90 and then across 91 The attempt The directors are scheduled to meet on Saturday. The prospect of im- portant changes in the directorate to be announced at that time was the immediate motive back of the move- ment today. The large interests who were most identified with the advance from the 50s were said not to begdoing any- thing in the stock this mbrning. But if they were doing no buying they were certainly doing no selling. In fact Studebaker gets scarcer the higher it goes, thus bearing out the view that those who have been buying so heavily into the property during the last month or so are afraid to sell any of their stock for fear of losing their grip. Washington Stqck Exchange Washington Railway Continental Trus* National Union ¥ Lagston Monotype—10 at 77 Mergenthaler Linotype—1 at AFTER CAl Capital Traction—10 at §1% Chesapeake and Potomdc Telephone 5» $1.000 at 89, $1.000 at 5 Washington Railway com.—100 ai 30, at 30. Bid and Asked Prices BONDS PUBLIC UTILITIES. American Tel. and Telga. 4: American Tel. and Telga. 4 Am. Tel. and Tel American Tel. and T¢ Anac and Potom: Anacostia and Potomac sapeake and Potoma Capital Trs Potomac_Elec. Wash.. Alex Power G. M ud M. Ver. i 3 947) .. Market 35 STOCKS PUBLIC UTILITIES. American Tel. and Telga.. 107 Capital Traction Washington Gas -1 orfolk and Wash. Steambos Washington Rwy. and com. 20 30 Washington Rwy. and Elec. pfd. 613 6235 Washington-Virginia Rwy. ptd. 3 ... ATIONAL BANKS. American e 183 Columb 5 ‘ommercial District 3 Farmers and Mochanies Federal ... 535 Liberty ©..20 TRUST COMPANY. American Security and Tr: Continental Trust 1 Savings and Tru: nion Trus SAVINGS I Commerce and S East Washington Merchat ngs and Commercial eventh Street Saving: nion Savings . 8. Savings FIRE INSURANCE. Arlington German-American National Union . LANEOUS. Columbia Graphophone com. Graplioplione pfd r Mfg. Ce prd. . ransfe Mergenthaler Linotspe - 0ld Dutch Market com 0ld_Dutch Market pfd Lanston Monotype Security Storage . Washington Market *Ex-dividend. Magma Copper Maracaibo Oil Mariand Refinery e Mason Valley o ca Merrite Ol { 0w Midwest O om S8 Tradin Midwest 01l ‘prd. E Gar'Lgie ang Midwest Refining PP AT Cities Service (new) Nevada Ophir o 2 Citicn Service (01d). e Comelia 3 a7 Cities Service pfd. % 5 Cotonial Tira 3% 4 Columbian Emeratd # A Cotumbia Ssndicate e Consoliditent Copper 1 Penok Ol .- 5% ik Cresson Gold Ferfection Tire 1Y 110s Davis Daly Producers and Refners. i Dominion” 0il Tadio com. -2 %2 Radio_pfd. 2 2y Hay Hercuies T e Tivan Consotidated - 7 s Sait Creek Producing s 3 Salt Creek (new) 1y ey Sapulpa. com. W Siinmy Petrol H o Skelly 01 - 5% 3w Sweets Co. of Kmeri 3% 3% Guffes-Gllespie Swift Interantional B o8 Granada Oil - 1318 1k Hecla 1518 1736 reutes Paper - 2 B Teian Packing SLight ana Heat com. R i Intercontinental 5 Steamaip. .. 118 International Petroleum United Retail Candy. 7 s Jerome Verde . sit Tis B ® 2 23 B8 11 1 L)