Evening Star Newspaper, May 13, 1921, Page 27

¢ FINANCIAL., HEAVY PAYMENTS Adams Express % a% Air Reduction 7 o; Ajax Rubber. ETIE Alaska Gold... N % Alaska Juno M1 N Allicd Chemical... % 46% rtificate |Aliied Chemicalpt % 90 $56,000,000 of Cert Allis Chalmers.... 3% o, Am Agr Chem 4 4 Money Withdrawn—O0ther |im il Sigar i 8 sow i Am Bosch. 9% 50T 1 i Am Can.. 0% 304 Big Obligations. Am i Ll . NG: Am Car & Fdy..... 1268% 126% BE 1. &, FLEMIN Am Cotton Oil 2% 20% More than $56 00 will be taken|am Cotton Uil pf.. 83 &8 ¢ cut of the national banks of the na-|Am Druggists 64 6% tion on Tuesday of next week in|Am Expres: 130% 130% liquidation of obligations to the gov- | Am Hide & Le % A 1 15 Am Hide & Lea pf Bl croment arising from the April 15 {0 pe 54 sale of Treasury certificatos, 33 1-3 Per | Am International. 49% cent of the balance of the credit so es- | Am La France. 10% Am Linseed Am Locomotive. .. Am Safety Rasor Am Ship & Com re 3 tablished having been called by Se ry Mcllon, through the federal re rve . b Following the heavy payments made terday on account of the April 15|Am Smelting. 15 issue of cer-|Am Smelting pf sue nd the March tificates. it is within the probabilities | Am Steel Fdy that the money market may be di-[Am Steel ¥ affected, especially as tax | Am Sugar. ng withdrawn from the | Am Sugar pf larger wmounts with each | Am Sumatra. .. Am Tel & Teleg 000.- { Am Tobacco. . paid| Am Tobaceo (B). . e in On_Monday of next week $232, 006 Treasury certificates must be off. Interest is also v v next on coupons of the i horty bonds, sec- Am Woolen. ... Am Writing Pr pf. 357 ond 4s and sccond 474 s A On the same day the allotments of | Am Zinc & Lead 9% the $230.000.000 new (ireat Northern- | Anaconda. N rn Pacific r cent gold|Asso Oil. tonds will be made and must be paid [Atchison. . for Atchison pf....... 6% ccording to bankers the improve- [ Atlanta Bir & Atl. s b in the cred tuation prevents|atlantic Cst Line.. 81% : ins movements from having any | atiantic Gulf. ... 40% pecia t the call money mar- [ {tiantic Gulf pf. . 8 Wit redeposit of a large part ,‘,:,:]'L‘,': P“'?"‘"’ g% of the moneys to be paid over in the {pa QW 1""“ s banks, money should be reasonably | Baldwin Loco pf.. 100% At that time the | Balto & Ohio..ce.a 39 ave $400.000,000 | Bilto & Ohio pf. ». the [Beth Steel.... rad warnn until June ment will . . ates. On that date second installment of ine ind cx- | Beth Steel (B) cess pro taxes will become due. |Beth Steel 8% Df. .. 104 The $400.000.000 certificates maturing | Bklyn Rap Tr ctfs. 6% 1hen were issued in anticipation of | Rkiyn Rapid Trn.. 12 Taxes. < Bkiyn Union Gas.. 65% . All the federal reserve banks are in|proyeoio’merm ™ Col a strong position, vith reserves t Butte Copper. 5% hizh lev only Richmond and T PRers- U e Sl B e Butte & Superior.. 14 1 .—‘: ing under the 50 per nt Caddo Oil. Tt The system holds a 55 per cent re- | California Pcke... 53t sorve ratin. which would seem to be [ California Petrol.. s to warrant further conc California Pet pf.. 78 N + needed adjunet to any | Canadian Pacific. . 114% improvement in business that may be | Case Plow Works. Tl aded thereby B Central Leatner. .. 38% With the reduction of brokers'| Cintral Leath pf.. 78 wre dhey are nolCerro de Pasco.... 29% e L lhreAl the reterve bomrdlchandlerMotor,.. 71k function in aid of bus I,“"\k.Uh“‘ """ - & hi & Eastern Il 1 No Action on Dividend. Chi & Eastn Lli pf. 114 At the regular meeting of the|ChiGreat Westn.. 8w Poard of directors of the Southern |ChiGreat W pf.... 19 Ilway Company no action was|c taken in the matter of the dividend | oot Mi & St P ot B on the preferred stook. This does not|<pi & Northwn. ... 64% mean that the dividend has been |Cit ¢ NOTEAR- passed. as favorable action thereon | Pi& Northwnpf. 103 may be taken June 12, wnen the next [Chi PreuTool..... 62% regular mecting of the board will be | Chi RI& Pacific.. 31 held. ChiRI&P6%DI.. 6 The distribution 2% per cent is(ChiR1&P7%pf.. 6% usually pavabie June 30. and there|Chile Copper .12k is ample time between the 12th and|Chino Copper..... 2% 20th of June to make the declaration [CCC & SLLpf. ... 624 and the paymont. The same situa- |Cluett Peabody... 4 tion arose two years ago and dec- | Coca-Cola. .29 laration was made in June. Colo Fuel p *Net income of the Southern rallway for 1920 after ‘charges and ‘taxes e Ronthern. was 716149, as compared with T b e L $5.141,567 in the previous year. Col GraDhosione.. T8 Graphophone Preferred. Cons Cigar........ © ,The present price of the preferred | Cons Distributors. 7 shares of the Columbia Graphophon= | Gons Gasof N Y. .. Company, 35% bid and 36% asked, on | Gons sot1 cal Min. the New York Stock Exchange, would | seem ‘o forcahadow the passing of | cons Textile. the dividend for the current quarter. ntCan. Reports indicate that the company |ContCandy. has made some progress in inventory | COrn Product, reduction, gnd presumably with the (Cosden & Co reduction”of 1ta bank obligations. Crucible Bteel No Life in Loeal Market. Cuban-Am Bugar.. 871 6 10% ™ Am Tobacco pf (n) 90% B50% 14% 49% 8% 115'% 19% 1% Hh 8% 80l A% Continued dullness, few orders and (Suba CaneSugar.. 19% 2% no special interest one way or the|CubaCaneSupf... @ 6 other featured today's session of the | Davidson Chem... % 31 local stock exchange. A spurt may |Del & Hudson.....301% 101% develop almost any time. but the |Dellack & Watn..2 220 chances favor a continuation of the|Denv&RioGr.... % % present dullness during the current{Denv& Rio Gpf... 1% 1% month at least, perhaps until after { Dome Mines. .. 2% 0% the July disbursements. E‘ndluu—.‘ohu L) T Gas 7% per cent notes sold at 101% | Erie.... and Railway 4s at 61. A sale of Con-|Erie 1st pf. tinental Trust shares was reported at W. J. Waller, cashier of the Amer- ican National Bank, was chosen presi- dent of the local chapter. American | Sa5ton Willlams. . Instiute of Bankins, pomlims = el last o t. W. “A. Dexter was chosen vice |3on Blectrie.... president. Other officials were elect- | 363 MOtOTS. —or... ed as follows: T. Hunton Leith, secre- | G00GFiOR. .« womn. . tary; J. P. Mallory, treasurer: R. & | GranbyConsol..... Feorgusson, assistant secretary, and flw.mfi. J. D. Yerkes, chief counsel. There was quite a flg)at on for the | Greene-Cananes. positions as governors, fifteen nomi- Mo & Nor. nations being made with but five g:};u:&Ncprf vacancies. Stee The following were elected: Charles ?,:’.lk?fl':m,d;' . Hc!er.P-‘lmu C. Dulin, Ir.; C. C.|pengee Mg o Boswell, P. M. Garnett and Louls Homestake. . Fimpot Houston Ofl. Hupp Motors. .. Washington stock Exchangy INinois Central... Inspiration. . Wasbi A nl: Gas llnl——’»d dlg Interboro Metro. Int1 Agri Cher pf. Bid and Asked Prices Fisk Rubber. Int} Harvysier, Inti Mer Marive. Intl Mer Marine pt. Intl Motor Truwok..... Inti Trock 1sLpf.. Inti Nickel. ....... Intl Paper....,... 1at! Paper (sta) Invincible O4). Island Oil. Jowel Tos. ... ... Jewel Tes 'l-._... Kaases Cit; I.l). . Kaolly-#pring Tire. MI-HIMI‘% » rUBLIC gmericn Tel. asd Teiga. 4. merican Tel. and Teiga, 4 Am. Tel. and Tol. etl. tr. lako Brio &k W. .., MISCELLANYOUS, poes Keslly G (sbowi) .. inglon Markat be washiagion Market Se v B Muckny Cos ot . Manac) Sugar, , .~ Market $t Ry pe pf, Maxwell Motors. , , Muy Dept Btores, , 108 | Mexican Pats,, .., P Mexican Pats pf, ., Miami sare Midd e Htatos Ol Midwiie Stael, - v » Mins &8LL{R) ... Mo Kxn 8T8, .o saisimgian Kwy Woasiiiucton Koy o Wasu ba Xwy, pd, "‘.‘,'l _BATIONAL, BASKS atbiag Hovises sid : Poios 3 : R asbinglon Luss sad Fras: siogien M . “i.’s?"????‘Q‘“!’!'#!'%"S’“r“!!5!5“?? Eggeas HE AL A ML TR 1 §¥?’H§”Bfl3¥‘§¥ii PRI S O 2 2, L LTI LU H G PR R S H S F 3 I LU S E LS A ] R toent Erle 2dpf.. u s 'amous Players. T Waller Heads Chapter. Fisher Body’ 2" n‘ o1 | lee Tire & Rubber 2746 1% 94 |Lehigh Vafley...,. % B#e LAggatt & Myors .. i 1504 EAYINHS BADKS, p n m BB - oo rre we g & < "9 - R ] 28 R & * onsiy TS, PR = al Gslatx Hiig R (] - e s m&o, reee B ¢l Peee Marquette. .. %% 8 i ;:.m. Phila Coppany ] i PRillips Petroisum 28 o8l Ty Flarie Pierce-Arrow..... 8@ %4 - 2% L 2% b 1 “h % 6% 47 % 4 14% | Va-Car Chem pt. 00a4.00; 1o Tik | Vivadou. ... 50; onions, p 592 60 |Wabash . P 1008125 peas, p 4% 48% | Wabash pf A = Deppers, per crite 78 8% | Wells-Fargo Exp. o onions, ll""._{"" i S0ass 114% 114% | Western Md. . 1% | e hur:' P8 bunch, rhubari ’. T 4% [ Western Md 2d 1945 | " Tomato te, 1.0024.25; spin- 38l 394 | Western Pacific. 28 | ach, per bu.. . apples, per bbl., 78 T;;!‘ Western Union. . #92 | 1.00a8.0 )0ad.50; loose, per 2 Westhouse E 8 | 100 ibs. ! 68 68 | Wheeling & L E 10 10% 10 10% apefruit, per bo: 3.0 617y 62% | Wheeling & LEDPf. 1% 17% 17% 17% nges. per box, 11 |White Motor. L 40k 0% 0% 0% | TiCS, per quart. 10a 1% 14| White Oil.. B T v A TR T Selling Prices at Noon. 8% 8la| Wilson Company.. 414 4l% 40% 40% | WWheat— 2 red winter, spot, 19 19% | Willys-Overiand.. 8% sa 8l sl |1 : _No. red winter, garlicky, 2% 2| Willys-Ovid pf.... 38 3913 38 3943 [SPol. 1.50%: May, 150%. 42'; 43% | Worthington (A).. 8 78 78 18 Corn—Cob, prime, 6% 65 per barrel in car lots; 1025 102% High. Low. Last. May. 62 6 CallMoney..... 6% 64 64 0% 3l % 6 HOURLY SALES OF STOCKS. %% 7 | 1lam 23000 12m « 350 600 4 o 2% 124( lpm 528800 2p.m ssan | Bre-hag ‘"]’fi,f’flyf‘:a"_:"’h‘l'-"‘- 8 2% 2% W('S:"l’l’;‘ .~x ort, spot, 1 : 62 624 VIDEND! Dushel: No. 3. 1523 per bushel 46 46 DI SDECLAB'ED' Hay—No. 1 timoth. Dnom\nal 21 2% Fay- [ard tmothy, U No able. thy, all 2 timothy, 3—: mfi"“ & Co., g, 8180 June 15| 18°00. No. 1 light clover, mixe e & G0 ot G4 220.50: No. 2 light cover, mixed, Fhila; Elee: ; 15.00; No. 2 elover, mixed. 14.00a17.00 3% 40% Phl‘l: FJ:: No. 3. 11.00a13.00; No. 1 clover, 00a ‘g 4 | southern P 16.00: No. 2 clover, 12.00a13.00 2, 10.00a11.50; sample hay, i1.60213.00 & Stra 0. 1. nominal; No. 2 54 stralght rye, nominal. No. 1 tangled 19% ve. 17.00; No. 2 tangled rye, 16.00; 9% CURB STOCKS. . 1 wheat 13.00a13.50; No. 2] whoanl. Ta 12.00a12 0.1 0at, nominal, 18.00a Quctations: foralatiad by W, B Bibs & 0o | 18505 Nov 2 iaati! 16001700 B TR 3% 36% r'u 15 .“ CHICAGO, May 13 —Wheat prices 6% 8 developed strength today after declin- D ae Aaizs) Baphetren 19% | ing at the start, Predictions of fr 1% 2% | American_Candy . 5 |tonight, west and northweat, gave an 61 61 |Atlantic Petroleam . 4% |advantage to the bulls, and =6, too. did x, 3| Bl 10| From the southweat, Intial sethacka o ge < rom e southwest. nitial se cks 101% 101% [ 1% | were ascribed to lack of buying or- 6 30 |Dostem 130 Mooteoe 8 ,|ders in the temporary absence of any % | Boston and Wyoming. 2132 B k| Galedoats .o 182 | {mmediate fresh incentive. Opening s 1% | Calumet and Je quotations, which renged from % to 2 s—fi 31 lower, with May 1.41 to 1.41%, and | “% 28 |July 1.14% to 1.14%, were followed a sharp upturn, which carrie 1% 8% | by harp upt: hich ied the 2% 1B |Tuiy delivery to well above yester- u day’s finish. % P Corn reflacted the changes in wheat. 90 87% | After opening unchanged to ey 16 8" |lower, including July at 62%, the 2% (market scored slight general gains. b bt Oats were governed chiefly by the e 18 [action of the cereain, starting (i 87 % off to % up, July 39%, and later o0 10 |hardening all round. m 20% | Steadiness in hog values tended to 12% ?,, | uphold provllllonl gt T % Bubsequently, owing to profit-tak- U 4 |ing rales and to rain at some points % % | in Oklahoma, best wheat prices were 30% 19 not maintained. The closs was un- % l" Bettled at the same as yesterday's » 13% | finish to % advance, with May. 141 { to 1.41%. and July, 1.15% to 1.16%. 2 bl “‘fu May corn showed relatively more 4a strength than July. The close was (4 % 3| un Hlea at %a% o % met advance nuottle 2 3 % 31 | with July, 63%. o 1 CHEAT— Opan. ligh Lew. Cloan 1% 19% | Laj 2 3 % 11K 5 n. » L] v L ,'z 'é bt A ) 0% ’m 2 41 ! 4L 3 1 65 15 = %g m“ .""‘ Ot S H DA | M Seodiog T 154 nds ODhIY ..0.0oe 20 o k| New Tometia fri B 4 B ¥ THE Plerce-Arrow pf. % ity Coulorereone @2 62% 81 | Public Servof NJ. 63 8% | Pullman Co. 102% % | Punta Alegre Sug. d41% 1 [ Pure Oil.... 34% 46% | Ray Con Copper... 14y %0 Reading..... 72 37 |Reading 1st pf 4 a7 Reading 2d pf P U} 39 |Remington Type 3512 49 | Replogle Steel. 27ty 30% [ Rep Iron & Steel.. 597y B4 Rep Iron & Stlpf.. %0 126% | Royal Duteh. ... 20% | St L & San Fran &8 St Louis Southwn. Seaboard A L nr ears Roebuck . " | Seneca Copper. Shattuck-Arizona. Shell Trad & Tran. inclair Oil. Sloss-Sheffield. Southern Pacific. Southern Railway. Southern Ry pf Stand Oil of N J Stand Oil N J pf Stewart-Warner. Stromberg Carb. Studebaker. Submarine Boat. Superior Oil Tenn Copper. . Texas Company Texas & Pacific Toxas & P C & Oil. Third Avenue... Tobacco Prod. Trans Contl Oil. .. Union Bag & Paper Union Oil Union Pacific. Union Pacific pf United Drug United Fruit United Retail Strs. U 8 Cast Ir Pipe U S Food Prod. U S Indus Alcohol . U S Realt U S Rubber. U S Rubber 1st pf. v teel........ S Steel pf.... Utah Copper-. .. Utah Securitie: Vanadium Corp Va-Car Chem. NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Open. High. Low. Close. Open. High. Low. Clos. Hait Oveak Produetsg ......... 3% | Nalt Oresk (naw), e Hy dapuipa_som, 14'3 ¥ Swasts Co. ot Aingrishres errs M 21% | Swirt Tntienasiomal . eoers ooy onAmls Invide e ———y ot i & F Viaion Tauk / m i o Ll P FLITTITTES E I | N Iv»yv'l-'v‘—v"->v h‘ Guntations farnished hW. B, Hiio &-Ge. Bid - . ?Mk!c»?.fla u-—ox"o Asked. | sues, EVENING STAR, WASHINGTON, D. TODAY’S BOND PRICES. Noon prices reported to The Star ever direct New York-Washington wire by Redmond & (. City of Copenhagen City of Paris 6 19: Erench Government s rnment of Switzerland Ss. B. and Irciand . and reland iy~ 19 . und Treland Hius 19 reland 5ias 1937 and Tel. cony. #s. 4lus. 5 X und Santa Fe Line Ts.... Atiantic Refining Co, #iys 1031, 7 | Baltimore and Ohio e | Haltimore and Ohio 6. Baltimore and Oliio S. W w0 |k hichem Nteel refd nadian > Facific 4s 1040, O en s » ‘Ohie S Mil i 5 dis 45, Paul refd. Paul_cony tern 7x 1930, Islund and Pacif on_Station §lys. ol Gas Ts. aware and Hudson 7 cueral fien 43, tric 0. vear Tire and Rabber ¢ Wi 015 13 New York Centra New York Telephone s, Norfolk and Western conv. fs.. Northern Paet = wekard M . G 193800 of 1930, mortgage 4»_.- : 45, Reading St. Louis . Lonis ancisco Bs 't Lonis n Franeisco inc. ealward Alr Line r waboard Air Line ad) RE, \u) white, No ~eobbler 13 (Speeial per 100 Ibs., ¢ lml. MeCormicks, 40450, new. per bbl. per bbl, 250a beans. | Kreen. b 1084 per hamper, 5.00a4 *|per bunch, 5a8; asparagus, 66 1.80a4.50. 104 £e. per crate. 2.00a2 3 cumbers pe‘r box .50 N.:Lnlnnh per hushel PRESS ON MARKET NEHW YORK, May 13--Up to a lata hour the subscription books for the 335,000,000 {saua of Du Pont 74 ton- year bonds had not hosn olosed, hut the bonds were immediately put en the active trading list, The purpose of thig issue le {0 finanae the controlling interest in the Goneral Motors Corporation roquired from W, C, Darant last autumn, .lhor new flotutions brought eut day were reported to be going well, he two principal nneg were the 36,000,000 Niagura Kalla Dower ('om- puny 6 per cent issus, offered on A B nee "adnt basis, and’ (ho 84,500,000 | Portiand Railway Light und Tower B | 7%s, which run tweniy-five years und are offered to yisld .85 per eent The inereasing activity at rising prices in the oldsr publie utility honds and stoeks has encouraged the syndi- cated having new fHolalions of sort to handle, 'The Kelly-Hpringfield FERE B R ® an # l E'A P4 | ten-year notes, which were reported | us having gone off g well yester- day, pold at & slight premium taday, They were B9% bid in the sutsida murkel, a8 against the lssue price of ll‘i ". he trading of the day ane of -nam Fige in Mexican gevernment is- The b5 went up twe peints to ) |53% and the 45 had a gimilar jum ) to B8. Megica hus paid no interes on it debt for seven years, but these honds have been umder gecumulation % | for monthe past by hanking interesuy hers and abroad, who are confid that the present’ Mewican regime tends o Fesume interest puyments in the mear future. it MENEV AND HXCHANGS, Jmw YoRK, oMoy 13— Prime mer- fl 7i pschange ir: nm, .f i 38y bll and w’ygmml& Six ey AT an ann. mmercial_ pixty-day bills, 957 Aemand, ssu’z cables, 4.60%;. Franes, geman 7i cubles, .69, Belgiag francs, apmund. 8.57; cables, [y Guilders, demand, asm mhlnu, :}HK Lire, d:'v‘riuldl: H mgh arks, eman cal Qrocoer demand” ot swm”-'a. mand, i Norway 16.25. Argentipa, demand, #A. {S"l:l!mn demand, '18.55. Monlre 6% per cent nf.c..f (xnvernmenl honds sleady, rallread ha Tegular Time loans steady: s'xty days, ninety Gaxn a2 HOuLiR, S LEE GauL, % 2| Witon & Co The | this | prineipnl fenturan was A furiher | FRIDAY, MAY 13, 1921. Rinelair Cons. Ol Corp. Tl3s 1925, Southern Pacific 1st ref. 45 thern Pacific conv. $s.. i Virgi SHORT-T o A Tl American Tel American_Th rien Tol icnn American Laconda Coy Anzio American rmonr & Co nlehem & Te & Tl a Copper Cudahy i G 0N Corporation Tx 1933, . J. Heinz Co. 35 1930 Hocking Val Railway sthiwestorn LOCAL WHOLESALE MARKET. Eggs—§trictly fresh, per doz. 26: southern, ive poultry—Ronaters, per Ib. 20; per pound. : chickens, . ‘per Ih., per ib.. 35 young, chickens, ‘v&uu.—r per 1b., 40a30. | jPressed poultry—Fresh-killed apring chickens, per Ib., 75a80; hens 37: roosters, per 1b., 22; t 25438, chickens, winter, 6. Pork—Dressed, small, per Ib., 15; medium, 13a11: heavy, 10a13; live,.9 Live stock—cCalves, choice, per Ib, 11: lambs, choice, per 1b., 13 Green fruits—Apples, per 9.00: western, per box, 3.5 fornia lemons, per box, 3 fornia or n per per _crate. rate, 5.0026.00. & 40 per quad l Vegetables—Potatoes, nearby, No. 1. per vbl. 1.50a1.75; northern, per sack, ! 25; new Florida potatoes, per bbl, | atoes, per bbl, No. 002 J 2.0023.00; vams, per - .Ma6.00, Lettuce, North Caro- |lina, per crate, 2.00a300. Celery, perj de 1.00a1.50; Florida celery, 4.50a Romaine 'lettuce, 50. Cyme blings. per erat pinach, per hbl . per crate, 3.5025.00) per_doz., 1.25a2.25 Carolina aspaiagus, 3.0025.00; mnearby, per doz., ——— COTTON MARKETS. NEW YORK, May 13 —The cotton| | market opened barely steady today at a decline of 4 to 14 points under a | continuation of yester < selling | movement, which inciuded further | Wall street liquidation and scattered offerings from the south u-vm‘ weather advices and the continued | weakness of Liverpool contributed to the decline, but after seliing off 291 for July and 13.47 for October, prices steadied on Liverpool buvan and covering. Futures opened barely steady. July, 13.00; October, 12 January, 17 ORLEANS, May 13.—An un- ble view of the British labor | situation caused declines of 11 to 12 points In the early trading in cotton | tcday, but the market soon recovered, | |and at the end of the first half hour of business stood 1 to 2 points higher May, { De- than the close of yesterday. Futures opened quiet. May, 12.27 bid; July, 12.62; October, 13.15; De- cember, 13.40; January, 13.45. _— DAIRY MARKETS. BALTIMORE, May 13 (specm).— Chickens—Young, large, 40a42; rough | and wtaggy, 30a15: old, 32a33; old, roosters, 16a16; winter, 2% Ibs. and | under, 50a55; spring, 1 to 1% Ibs. 56a 85; under 1'1b. 50a55. Ducks, 2£a30. Pigeons, per pair, 46250, Guinea fowl, 50a90. Eggn—ILosn off, strictly fresh, near- by, doz., 24; moutharn, 23. Rutter—Creamery, fancy, 1b., 36a37 prints, 37a3 rby creamery, 233a 34 ladies, Tolla. 18822 ‘wtore packed prints, 20a24; proc butter, 26228, —_— OHCAGO LIVE STOCK MARKET. CHICAGO, May 13 (United States bureau of 'markets). — Cattla — Re- colpts, 4,000 head: gonerally steady; top hoef ‘steers, 9.25; bulk beaf steers, B.00a8.75: bulk fat mhe stock, 00a 7.50; bulls IRrgely, 5.50a6.25: calves, sirong o highor; bulic vealers, 8.00a " Hogs—Roaaipts, 23,000 hoad; lights and medlums, stesdy to mtrong; others woak to whade lower than yes- terday's avernge; top, 0,06 for one load; bulk, 8.45u8.90; Digx, 10 to 18 higher; bulk dogirablo, 8.65a8,90, Ahnop—Reeeipts, 6,000 head: lambs, | mteady to 25 higher; sheep’ steady: wooled Jamb top to shippers, 12.5 paekers’ top, 12.36; bull, 11.76a12.85; choles native wprings, ' 12.60213.00; half-fed shorn yearlings, d e NIW YORK RENERVE BANK, NEW VORK, May 13.—The state- mant of the condition of the Wederal Hescrve Hank of New York at the close of husinees, May 11, show; Total gold raserye, $460.830.773, Toini reserye, 850,111,087, | Bille digeoyntad, gooured by govern- mant_wur_obligutions, for members, $164,870,902, Ali othar, for members, §265.384,107, Bille bought in open market, §37,- | 204,06 Tofal bitls on hand, 077,439,733, | Motal curning nssets, §716,999.133, | Uneollected items, #116,509,761, Duo {0 members, $A66,330,193, | “eial deposits, $684,628,237, Federal reserve notes in actual el eculation, $725,430,440, Jatia of tofal resarves (o depesit d federal reserva note labifities | reserve acsount, Any Time Is a Good Time to Invest in First Mortgages | But mare especially is thig type of investment desirable when husiness conditions ara unsertain and eEper(s can't agrea pn prophe- eies for even 86 days ahead, The FIHET TRUST NOFH romains at par, even {hFoWsh panies, when Fm with euv re- Fiolds placed i eom Quirements, 7% Censult Our Lean Dept, SHANNON & LUCHS 713 14th St. CAROLINA COTTON DIVIDEND. GREENVILLE. S. C., May 13—The Victor Monaghan Cotton Mills Com- pany. which operates a chain of large cotton mills in Greenville and nearby counties, has declared a regular quarterly dividend of 2 per cent on the common stock, payable June 1, and a quarterly dividend of 1% per cent on preferred stock. payable July Cl C in our recent Copy on request reviewed circular. esteems safety higher A. A. Housman & Co. | | Co-Operative Building than profit, and certainty ! .o of income higher than 20 Broad St., New York ||| Association \l‘ unlmmf e 5 | o ized 1570 ‘ o . 9 MEMBERS' | 415t yi?}:t--mm_ ) He requires sound secu- New York Stock Exchange N assets i $4.272,008.57 rity for all.his investments. New York Cotton Exchange |l surptas ... . s1085,32280 | His needs we are qualified N. Y. Coffee and Sugar Exchange ||| New York Produce Exchange !l JOIN THE Chicago Board of Trade Thousands have adopted the il| systematic saving plan of the century we have been sup- Associate members of Liverpool Cotton uitable and have accumulated PCIN rative. B Association. most substantial sums. plyving conserv _h\A irst | Subscriptions for the | Mortgages, during which Washington Office Main Floor Corridor WOODWARD BUILDING, Phone Main 2040. CHARLES R. ALLEY, Manager. Being 4 Per Ce 915 F FRANK P. LIBERTY 'BONDS |_"™* s 1 BOUGHT AND SOLD FOR CASH We Also Lend on Liberty Bonds Liberty Bond Exchange 604 14th St sAVlNGS BANK EQUITABLE | 81st Issue of Stock ! Shares, $2.50 per Month | EQUITABLE BUILDING | JOHN JOY EDSON, RE] FINANCIAL. o o7 $5,000 Life Policy, $57.35 Are 40, Send date of birth for illwtratien t your ana M. rticulars LE ROY | | Money to Loan - 5 l«urvdhyhr-lMM'!‘_.-lfll Prevatliug interest and “.x ommercial Joseph I. Weller W5} L& Fuvw. 1. The Cflmpnn)' voted to retire ] $80.000 worth of 5 per cent preferred fateste Accounts I Safesolie;us { Over a Monthly State- 1 Quarter Last Year's Earnings of st “vm" : ot o o . o 1336 N. Y. Ave B | | California Packing LA | Century . ll Without Corporation |- L The Prudent Man to serve. For aver a quarter of a EQUITABLE time no investor has ever sustained a in either principal or interest B. F. SAUL CO. Mortgage Loans 934 N. Y. Ave. N.W. Received loss nt Interest St. NW. f Prexident IDE, Secy. L Z The two "I\ Harriman & Co. MEMBERS: New York Stock Exchange 111 Broadway, New York high fears i safety We are Washington Office COLORADO BUILDIN Telephone Main 1603 Grve-up business invited T T, tution. G. B. CHIPMAN Manager 9% =—— % AFETY plus YIE YIELD. returns man sometimes turns The IDEAL INVESTMENT is the one that gives BOTH FINANCE CORPORATION as an i vestment that in- sures safety and excellent return. the success of the institution and in the character of the leading Washington business men who are man- aging its affairs. able business which the corporation is conducting. PREFERRED STOCK PAYS NINE PER CENT. It will pay you to write or telephone for a booklet out- lining the progress of this Washington financial insti- E. L. STOCK & COMPANY Main 736 chief elements in investment are SAFETY and The speculator sacrifices safety for possible on his money. The too conservative down a good yield because he t is not consistent with safety. and yield. offering stock of the INTERNATIONAL Safety is iound in The yield is present in the profit- Investment Securities 734 15th Street 2 R »/,,//,w//,,/, R N P T O A A //////////////////////////////////////////////, 20> NEW ISSUE $10,000,000' 3 M( z 2 Kelly-Springfield Tire Company, Ten-Year 8% Sinking Fund Gold Notes ' Dated May 15, 1921 Due May 15, 1931 Interest payable dn New York May 15 and November 1S5, Coupon Notes in luteschangrable Denominafions of $1, ,000, $500 and $108, Registerable a3 to Principal caly. Buedsamable 25 2 whole or, if in part, only pursmnt te the sinking fend, oo any interest date at 110 andintesest. Ioterest payable without deduction of normal Federaliincome Tax.not fn-excess of 2%. The present Peansylvania Four Mill Tax will, ea appiication, be sefunded 4o-halfers residestds Pennsylvania. THE TRUST AGRFEMENT WILL PROVIDE FOR AND INTEREST BY DRAWING BY LOT $1.000,000 PER ANNUM ($500.000 NOTES ON EACH INTEREST DATE). BEGINNING MAY 15, 1923, AND CONTENUING UNTIL MAY 15, 1931. WHEN THE REMAINING $2.000.000 WILL BE PAID AT 110 AND INTEREST 3 Cestral Uulsn Trast-Company of New Tack, Trustes THE RETIREMENT OF THE ENTIRE ISSUE AT 110 Further informationin Sothie-isswe of Nobesis givenin a letior to s from Mr. 4. B. Jones, Presidens of the Company, from which we sumvmarize as follows: These Notes are the direct obligations of Kelly-Springfield Tire Company and constitute its only funded debt. The of this issue will be used for the l‘:;dlfl of itsfloating indebtedness and to hmu-h additional capital. The Company’s outstanding capital stock at current market quotations repre- sent an equity of over $20,000,000 ranking Junior to this issue. Net profits for the four years ended December 31, 1920, after depreciation, and available for interestand Federal Taxes, as certified by Messrs, Touche, Niven & Co., Public Accountants, averaged $3,260,006 per annum, or over four times the max'lmum jaterest charge of $800,000 under this issue. These Notes will be issued under a Trust Agreement which will provide in substance, among other covenants, that so long as any of these Notes are omt- ' standing: ‘The Company will not mortgage or pledge lflzoflh—l-m now owned or acquired, unless Notes shall share equally and mh%z-in the lien of such mortgage or e. is covenant shall not preveat the Company from parchasing property subject to a mortgage or from creat a chase money mortgage to the extent of the fair valwe of the proj Bor from as security for loans made to it fixed assets (as of May 15, xqzx)? than »5% of the face these Notes except from future earmings or the fotore issne of or common stock, will maintain total current assets at least equal to the amounnt of its total indebtedness, uding these Notes then outstanding. 3 We offerthese Notes when, as, asd if issued and received Price 99% byua, subject to priorsaleand to the approval of counsel, at ¢ and Interest I i expected that about May 25, 1921. nodes or interim pecoipis will be ready for delivery on or A hflmmhmfliflhw will be appreved by Messrs. Sullivan § Cremwell and Messrs. Mases § Singer of Now Yorb, GOLDMAN, SACHS & CO. H.P.GOLDSCHMIDT & CO: LEHMAN BROTHERS HALSEY, STUART & CO., e £l Subscsiptions having<bean received for mare than the entire amount of the above W do 9ot guassntes the sistements and figuses psesented herein, but they are taken fom saseess which we belicws t be aocatate X I | notes, this advertisement appears only as a maiter of record, > L