Evening Star Newspaper, May 20, 1921, Page 29

. - “but sufficient business has been done to . Justice White, the settlement of local e FINANCIAL. NERGER RUPTURE BRINGS NO DECL Traction and Railway Shares Held Firmly—Mefgenthaler Higher—Extra Holiday. Ending of merger negotiations be. tween the Capital Traction Company and the Washington Railway and Electric Company had no appreciable effcct on the stock of either company. at least so far as the bid and asked prices on the local stock exchang: were concerned. There were no transactions in the stocks of the latter corporation, and it may be that the failure of nego- tiations was not generally known. The matter is now in the hands of Congress, and future action cannot be foretold. ’ The bid price on Railway common was 28, with no stock offered for le. Railway preferred was held at ex-dividend, with the bid price Capital Traction was quoted at 87 hid and 7% acked. with one sale made at the outside price. About the only feature of the ses- sion of the exchange was the develop- ment of w firmer tone in Mergenthaler shares. a number of ten-share lots changing hands. all at 121 Railway general 6s sold 5 Bankers will meet this afternoon to_consider the tax problem again. Call money was offered at 7 per cent with 61 per cent bid. The ex- treme dullness of the New York stock market at this time has been respon- ble for the fact there has been so little disposition on the part of bor- rowers and lenders to get together. Extra Holiday. Governors of the New York Stock Exchange have granted the request of many petitioners for an extra holiday on Saturday the 2Sth instant, thus giving the members from Friday evening until Tuesday morning for a vacation. The local stock exchange probably will take similar action. Southern Railway Earning: For the first three months of 1921 the Southern railway earned gro: $31,644.266, a decrease of $5.760.294 over the same period in 1920. The quarterly deficit is estimated at $4,- 250.000. Dollars More Stable. The reparations committee has de- cided to convert the first German payment into United States mone: because it is more stable. The pa ment according to latest reports will he made to the commission in prac- tically every kind of currency, marks, kroners, francs, doilars, pesetas, etc. WILL SETTLE CLEARINGS. Because of the fact that Treasury will be closed tomor- Allied Chemica . Allied Chemical pf 91 Allis Chalmers Allis Chalmers pf. Am Agr Chem. Am Beet Sugar Am Bosch... Am Can. . Am Car & Fdy.. Am Druggist: Am Hide & Lea Am Hide & Lea pf. Am Ice Am International. Am La France. . Am Linseed Am Locomotive. .. Am Safety Razor.. Am Ship & Com. ‘Am Smelting. Am Smelting pf... Am Smit Sec A. Am Snufr. Am Steel Fdy Am Steel Fdy pf. Am Sugar Am Sugar - Am Sumatra ‘Am Sumatra pf Am Tel & Teleg. .. Am Tobacco. Am Tobacco (B) Am Woolen. ...... Am Wrlting Pr pf. Am Zinc & Ld pt Anaconda. Asso Oil o Atchison Atchison pf. Atlanta Bir . Atlantic Cst Line. . Atlantic Fruit Co. Atlantic Gulf. Austin Nichols. Baldwin Loco Baldwin Loco pf. Balto & Ohio. .. Beth Steel (B). Beth Steel 1% pf . Beth Steel 8% p1. Bklyn Rapid Trn Bklyn Union Gas Brown Shoe. Brunswick Term Butte Copper. Butte & Superior. Caddo Oil. - +.... California Pckg... 8 California Petrol Canadian Pacific. Central Leather. Central Leath pf. Cerro de Pasco. Chandler Motor Ches & Ohio..... Chi & Eastn Chi Great Westn. Chi Great W pf. Chi Mil & St P Chi Mil & St P pf. Chi & Northwn. Chi & Northwn pf. 101% Chi Pneu Tool iR 1& Pacific. the | Chi R1& P 6% pf |Chir1& P i%pt Adams Express... Ajax Rubber. . 814 Alaska Gold. G Alaska Juno...... 1w (5 . 36% pf... 16 1pf. 613 row, on account of the death of Chief {ChiStPM& O. clearings will be made with due bills Washington Stock Exchange SALMS. Capital Traction—25 at 87%. 15 at 87%. Mergenthaler Linotype—10 at 121, 10 at 121, 10 at 121, 10 at 121, 10 at 121 AFTER CALL. ‘Whashington Railway general 6s—$1,000 at 3, $1.000 at 93. Potomac Electric cons. Se—$1.000 at 86. Money—Call momey, 6%aT per eent. Bid and Asked Prices BONDS PUBLIC UTILITIES. American Tel. and Telga. 45 ‘American Tel. and Teiga. 4 Am. Tel mod Tel eth tr. American Tel. and Tei. cons. 6s. Anacostia and Potomac 3s. . Anacostia and Potomac guar. 5s. Chesapeske and Potomac Tel. Se. Capital Traction R. R. 5» City and Suburban 5s. Metropolitan R. R. Ss. Potomac Electric Light Potomac Electric cons. 5s. Potomac * Electtic Power Potomac Elec. Power G. M. Wash., Alex. and Mt. Washington Gas 5s. Washington Gas 73! 2 Washington Ricy. and Elec, 4a. - ‘Wash. Rwy. and Elec. G. M. 6s. ¥ MISCELLANEOUS. Rizes Realty 5s (short).. ‘Washington Market 5¢ (1927).. ‘Washington Market 3s (1847).. STOCKS . PUBLIC UTILITIES. American Tel. and Telga rights. Capital Traction W asmington Ga: s EEDEE] BERAZN ' 3 Farmers and Mechanics’ Federal Riggs Becond . ‘Washington TRUST American Security and Ti Continental Trust National Savings Tnion Trust . ‘Washiogton Loan SAVINGS BANKS. Commerre and Eavings. East_ Washington Merehants’ ... L 14T Becurity Savings and Commerciai 205 Seventh Bireet Savings, . 130 Ealon Saviogs - 1 . avings - : Washington Mechan 21 e FI Artington s Sorcora 110 Ke. Firemen's £ Gorman. American Chile Copper.... Chino Copper.... Coca-Cola. Colo Fuel. Colo & Southern. . Col Gas. Col Graphophone. . Col Graph pf. Cons Cigar. Cons Distributors. ConsGasof NY. Cons Intl Cal Min. Cons Textile.... Corn Produc Cofn Products pf. . 108% Cosden & Co Crex Carpet Crucible Steel Cuban-Am Sugar. Cuba Cane Sugar. Cuba Cane Su pt. Davidson Chem Del & Hudson. . Denv & Rio G pf. Dome Mines. Endicott-Johni Erie c Erie 1at pf. Erie 2d pf. Famous Players. . Famous Players pt red Minés & Sm. Fed Mines & Spf. Fisher Body Fisk Rubber | Freeport Texas Sen Asphalt. .. Gen Biectric Gen Motors Uen Mot 6% deb Gen Mot 7% deb Gilliland Oil pf.. Goodrich. .. Great ureat Gulf States Steel. . Hartman Corp. ... Haskell & Barker. Houston Oil. Hupp Motors. liLinois Centi indiahoma. Inspiration. Interboro Met pf. 1ntl Agr Chem. ... 1ntl Agri Chem pf. 1ntl Hatveste: Intl Mer Marine. Intl Mer Marine pf 1ntl Motor Truck Intl Truek 1st pt inu Nickel:. . Inti Paper Invincible Island Oil. Kansas City Sou. orthern pf. or Ure. . ... Kansas C Sou pf. pring Tire. Kelsey Wheel Kennecott one Tire. Kresge (SS).... .. Lackawanna Steel National Union - % - Laclede Gas. .. colmbia Title . INSURANCE. o .....|LenighValley. Beal Estate Titis . 7 : | Loews Inc. MISCELLANLOUS. sraphophone com.... Graphophone I *Ex-dividend. —_— WOOL DEMAND RESTRICTED. BOSTON. May 20.—The Commerical Bulletin tomorrow will sy “The demand for woo! has been within restricted compass during the past week. keep prices fairly steady, manufacturers; taking wool fair stocks on hand. Operations are be- coming general in the west, buying to a moderate extent having been dore in Texas this week at 16 to 20 centr, ®hi means clean landed costs, Boston, of 50 o 60 centx, depending upon the wool “The government has cut the offering of low Wools to be sold here May 25 i1 half. the offering now being 3.000,000 pounds.” CO-OPERATIVE STOCK YARD. KNOXVILLE., Tenn, May 20.—A great co-bp ive stock yard to cov- er ma 4.8 and to be of such size as 10 .aie ior thousands of head of packer cattle annually is to be built in Knoxville in the near future as a sequel to a conference here of live stock breeders. packers' representa- tives and farmers of East Tennes- see. BANK RATE REDUCED. BRUSSELS, Belgium. May 20.—The National Bank of Belgium has re- duced its rate of discount from 5y to § per cent. TOBACCO PLANT CLOSES. PETERSBURG. Va. Ma 20.—The British-Amer n Tobacco closed down its Petersburg plant to- llla\ until June 1, owing to an accu- Yrulation of stock. due to the rate of e xchange. The plant manufactures cigareties for export and employs about 1,200 persons. N Y NH& Hart. NYont& West. Norfolk & Westrn. Norfoik & Wst pt. North America Northern Fs Nova Scotis Steel.. Oklahoma Prod. Orpheum Circuit Otis Steel..... Otis Elevatol Owena Bottle Pac Development. PacGas & Elec. ... PacificOil...... Pac Tel & Tel Pan-Am Pete. .. Pan-Am Pete (B). Pennsylvani Penn Seabd Steel.. Peopie's Gas. | Pere Marquette. Phila ' Phillips Petroleum Pierc 2 Company | Pierce-Arrow pf. Pierce Oil. Pierce Oil pf. Pitts Coal Pitts & W Preased Steel Car. Loft Inc. . Lorillard Lorillard pf. Louis & Nash. Maxwell 15t pt. Manati Sugar Market St xy. Market St Ry pr pf. Market St Ry 2d pf. Maryland Oil....... Max-Chal Class A.. Mazwell Motors. . Mexican Pete Miami Copper. Middle States Ol Midvale Steel Minn & 8tL (n). Mo Kan & Tex. Mo Pacific Mo I with moderation, having | Monigomery Ward 21% 1nc pf. © 5% Nau Couduil...... 2 Natl Enameiing. Natl Rys of M zd Nevada Copper N Y Afr bra N Y Central .5 5% . 1% 6 . a0t Bbe s1ta 19% 184 wl st cific mpany . Arrow. 1% 108% 6% 8% ® 2% 19% 31% 101t priy 0k 6% bits 19t 1% NEW YORK STOCK EXCHANGE. Received by Private Wire Opea. High. Low. Close. 3 31% 5 15% 1% 1% 6% 3% 86 %% 12% 4% 89% 3 = 374 | Northi Amer. P. and P % BUSINESS SMIALL, PRICES ERRATIC Chesapeake & Ohio Defers Dividend—Push to Sell Stock. NEW YORK. May 20.—In the finan- cial markets generaliy today was one 23t | O the least important of the year, so 3813 | far. ’g l Foreign exchanzes came down some- what i p H e et | from their high figures, but the Seaboard A L pf... 1z decline was trifiing. f : 10% | Sears Koebuek. . . 1 %! The fact that the federal reserve|{ohmlldaied Gas 7o lo....... (l'a}i:’;::‘:(i‘(c?\por Do {ratio as shown in last nizht's week- . E ) fenrgar s o Shattuck-Arizona. : ol IShellTrldkTru:. J:, : ,”l'“f" medess (usthergalnprnon e ,|33:9 to 56.8 per cent migit have been | Sloss-Shefieia W |expected to have had some effect upon Southern Pacific 7 llocal money rates. especially as a Southern Ruilway. 21% | good part of the advance was due to I StanaG e 5l |the jump in the New York bank's per- Stand Ol N3 b S cenfuge 10 o7, the highest of nearly Studebaker. .. But the call money market. influ- Submarine Boat enced by the sbsorption of funds n Superlor Oil. new securily quotations, held to its Tenn Copper. per cent level, und <o long as money Texas Company. tes were nol uffected. the notable Texas & Pacific achievement of the federal reserve | Texas & P C & Oil. system was ignored in the stock mar- Third Avenue. Ket of the day. { Tide Water Oil Tobacco Prod. ... Trans Contl Uil Union Oil. . Union Pacific Cnited Fruit...... Cnited Ry Inv pf. | United Retail Strs. U S Cast Ir Pipe. .., U'S Food Prod. . U'S Indus Alcohol. U S Realty. U S Rubber. U S Rubber 1t pf. U S Smelt & Kef. Direct to The Star Office. Open. High. Pressed St Car pf. a8t 8% Public Servof NJ. 69 Pullman Co....... 101% Punta Alegre Sug. 3% Pure Oil 3 Ry Steel Spr pf. Ray Con Copper. Reading....... | Reading.15t pf { Reading Er i Remington Type.. 5 Replogle Steel.... 211 jRep Iron & Steel.. 5 i Royal Dutch St Joseph Lead. {StL & Sar: Fran St L & San Fr pf. St Louis Southwn . St Louls Sown pf.. Santa Cecilia Sug. Savage Arms 43% 1% % 1% "y 91 6% 6% 9% 38 “ 20% 84 Kingdom of Relgium 7igs. TR 0L G 1t and Trond 3 I. and Ireland B. and Iretand . and Ireland 3 American Tel. Armour & (0. 4138 2 Atchison, Topeka and Santa Atluniic Coast Line Atluntic efining Co. Gy Baltimor> and Ohte con RBaltimore and Ohio 6. Raltimore and Obio 8. 'W. Div. Dethiehem Steel refd. 5 6% 1274 = Central " Chosapenke and Ohio cv Chesupeake and Oblo gen Chesapeake and Ol Chi., Bur. and Qain Chi’, Mil. and 3. chi Mil Chicago 29% 33 orthwestery Island Tilinois Centeal S International Mere arine inter. Rapid Transit 1st and ref. Louixville and Nashrille 7s 1930. Mo., Kan. and ‘Tex. Ist 4a. istouri Pacitic general 4 st it 381 244 § 2i4 1 160 Penn~yl . 615 Pennsy| maigage § Pennsylvania 7x of 1930, Kend'ng_general 4s. St. Louix and Gnins and Losses. Touis and S The movement of stock prices was janother mixture of advances and da- eeee jclines in Individual siocks. brought ! 4 about by highly professional opera- | tions. Expectations of further dividend reduction was the chief factor in the cakness of some of the industria’ stocks. Crucible Steel had a par- ticularly sharp bréak. because of the ) {belief that tne dividend would bc 8% | lowered at the June meeting. This 71% | had an unsettling gffcct upon some of the other ste and equipment issues, even those in which the divi- dends ‘are undoubtedly safe. American Linsced proved to be one 554 | caxe where omission of the d'sburse- 104 | ment had not been counted upon. for 30, | the stock broke with considerable vio- s ilence. On the other hand. where un- /| favorable action had been anticipated and long prepared for. as with Re- {public Stee!, Air Brake and Cuban- | American Sugar. prices stood up very well. The most important news of the day was the deferring of the divi- dend on Chesapeake and Ohio. Whils this might have seemed to be fore- shadowed by the similar step taken terday by the Hocking Valley. the majority of thc stock of which is jowned by the Chesapeake road, it came, as A matter of fact, as an un- pleasant surprise. -~ These Need Relief. n = 69 GRAIN AND PROV BALTIMORE. May 20 90a1.00: cobbler: as5: No. 2.00a8.00; €.00; yams, 90a1.00; McCormic! , per barrcl. per barrel. 3.0 .50. Beans, Beets, per bunch. 5a8. Utah Securities 502360, \anadium Corp. Va-Car Chem pr. Vivadou Wabash. Wabash pf A Western Md. Western Md 2d. Western Facitic. Western Pac pf. Western Union.... s8% Westhouse 5 & M.. 45t Wheeling & LE.... 10 Wheeling & LEpf. 17 White Motor “ White Oil. u Wilson Co pf.. . 80 i 32 | Willys-Overiand.. 8% ¥1a| Three comnanies—the Southern rail- & |Wwillys-ovidpr..... a7 # & |way. the Hocking Valley and Ihe | 5 | 80% Chesapeake and hio—have so | ¥ Orthington Pmp. 0% 8% | gorved notice that they cannot con- 12% High. Low. Last._ [tinue paying out dividends until im- Call Money..... 77 ey %% provement in the railway situation HOURLY SALES OF STOCKS. Cabbdage. i per_crate, Kale. per bushel. 50a60. 0a4.00. ket. 30al. Peas. per baske| 00. Peéppers. per crate. 3.50a. Spring_onions, per 100 bunctes 90. Radishes, per bunch, 2% Rhubarb, per bunch. 5a6. Tomatoes per crate, 1.0024.50. Sninach, bushel, 40a60. Apples: 8l 8tz 19 bushel, 1.50a2. 3.0026.00. Strawberries, per quart. a2 Sélling Prices at Noén. Wheat—No. 2 red winter. 1351 spot.” 15! Corn—Cob,. s 162m 39% 14 80 a 65 yellow, n cargoes: contract 71; No. 4, 6 0. 3 or bett White, 49 corn. Oats: k& white, 4815, 2% becomes something more than a pros- 31 pect. A rush to scll Chesapeake g e i L 3 | 1lam..... 13230 12m. 24 20 |Stock was the signal for the hurrié iesBarictalotnehrby rycriasito 2 unloading of some of the speculative | QU y. ! - Ay .; No. 6% 1pm.... 3690 2pm.....48680 |33 0% the railway list generally €rn expori. spot, 1.57 per bu. 3 T% 5 8% 1.54 per bu. Hay—No. 1 timothy, nominal: stand- ard timothy, 23.00a23.50: No. 2 timo- No. 3 timoth that were accumulated when the la- bor board came out with its wage de. ' —_— =t CURB STOCKS. 31| Quotations turnished by W. B. Hibbs & Co. s G2mspas | The strength in American Tobacco E . {issues and also in Tobacco Products ;:“ LA et a% 10% I called forth reports that these two American_Cai stocks were to be brought closer to- Atlastic Petrele 4 - |sether by some sort of a deal. The Bl 2 6 |recent increase in the authorized 513 capital of Tobacco Product lends color 1% | to these reports. because at the time 3 2| the increase was acted upon by the Pre 518 31321 directors it was said that the new t 5 % % | stock would be used in some sort of a Copper . 516 |trade with another company. There Larton Stec s |was a report around. which gained 15 | some credence. that the American To- 3,. [bacco shares were being bought up in ;'(he open market and when a substan- | Unchanged. 2 2 * | tial block had thus been purchased it| CHICAGO, May 20.—New upturns in 683 | would be turned over to Tobaceo | the price of wheat resulted today from 3 | Products in exchange for the newly | bullish crop reports. authorized capital of the latter. vices came both from thé southwest - and the west. Bears contended that the damage had already been dis- RESERVE BANK STATEMENT. | counted. but this view failed to make NEW YORK. May 20_The state. | Mmuch impression. Opening quotations, ment of condition of the Federal Re- serve Bank of New York at the close | 1.21%. were followed by further decided 2 gain. 5 0',1_‘:"::""‘;;"",“{1‘.‘";;’:‘"»Ma 444701, | Corn hardened a little with wheat. i m the Total” rescrves. 3780240 805 ‘Eing | @lthough liberal offerings fro try were réported. After open- discounted, secured by government | SOUT SRS War obligations: For mempers, $240.- | \n% unchanged to i higher. including 115,054 1l others: For membrrs.l cision. The Tobaccos. A 0. 1 clover. mixed, 18.00219.00 . 2 clover, mixed, 14.00a17.00; 11.00213.00; 1 clover, 1 , sample hay, 13.00a14.00. Straw—No. 1 nominal; No. No. 2 tangled rye. 15.00; No. 1 wheat. 13.00a13.50; No. 2 wheat, 12.00a12.50 No. 1 o0af. nominal, 18.00a18.50; No. oat, 16.00a17.00. NEW YORK. May 20.—Lard firm; middle west, 9.70a9.80. Other articles (new. Cities Service (old). Cities Serviee pfa Colonial Tire . umbian Bmerald | Consolidated Copper . Creseon Gold Atz ® TFESTTR Goldwyn Pictures . iuffey-Gillespie ttanada Oil . Hecla Hercules Paper. | Indian Packing Intercontinen:al Rubber Internationsl Petroleum Jerome Verde . Kay County G Lake ‘Torpedo . Lalign coal slightly all around. ; Oats were governed by the action i of othér cereals, starting unchanged > higher. July 3812 to 38%. and $238.00 Bills bought in open market 601.321. _ Total bills on hand. 49, Total earninga sets. $674,670.349. Uncoliccied items. | |9 7 parqening a bit mor $649,932,71 wderal reserve “{(;,,';:fi,v '&ZZ curfent that the Rus- notcs in actual circulation, $713,900,- | o, PSSP WAS SRTIOC S uving wheat 460. " Ratio of total reserves to de-|in®7 i erpool. It was alfo said that [Dosit and federal reserve note liabili- [ynicss rains come soon in Kansas 3 | ties combined, 57 per cent. heavy losses would occur throughout e goctions which now look promising. MONEY AND EXCHANGE. The wheat market closed strong. 33 May 20 Prime mer. |to 7% cents net higher. with May. centile paper, 6447, Exchange, heavy: | 13812 t0 692 andRINTy BE. 23Xt T e e commercial | * Subscquently predictions that corn cial’ sixiy-day bills 394%: @demana, |receipts would show a material in- 2.99%: cables, 4.003%. Francs, demand, | Srease next week fended to, meaker 3 3 2 : | values. e close w: a 8.73; cables, 8.75. Belgian francs, de- |values. The =688 Wer wORCIHCS & Midwest Oil pf Midwest Refining . Nevads Ophir . New Coreila . Nipirsing Mines Co.. W Northwestern Uil Oar 0il (new) . 18% | Pemnok il - % ables, 8.74, Guilders, de- 7 0 | Perfection Tire .. % 85; cables, 35,95, Lire, ge.|cents lower, “with July, €0%a}% to ',;‘M'fl" and R 3\2 5.56; cables, 5 Marks, de- | 60%. 3 A .66: cables, 1.67. Greece, de-| WHPAT. Open. Hisw fow (s 2 3.40. Sweden, demand, 33.70. s T P Sl Kyan Conwolidated . 6iy Norway, demand, 15.90. Argentine, de- 7 o f = 4% | 31t Creek Producing a4 mand, 31.50. Brazilian, demand, 13.87. %, 61 9% My Iy g:l,rm( r:'!(‘"!lnku i Montreal, 10% per cent discount. oy 6 6215 631 21% | Sithme Petrol in Government bonds railroads, ami, as 88 38% . of Ametica n ime loans, steady: sixty days, nine- SIS A0LTIN 30 s Rt 49 | BWift Iniernational 254, ty days, 3ix months, 6% per cent. Savs | Tonomah Divide 14 o | Cotrea Eastern e 1L CHICAGO, May 20 (United States ited Front Sharing . H “he stock, calves, stockers and feeders 8. Steamshi 5- Amer. Locomotive, q. S1.50. . 3 enerally steady: top beel steers, 9.30; 37 :m»r. Locomo. pf. q. $1.73. gulk. 8.00aS$ fat cows and heifers - no. ; calves mostly, 8.5 Dry_Goods, p k to fower; bulk, 5.25a Aswo. D¢ Asso. . G 24 pf. Fair. M. & Co. pf, Middle States Oil, largely., .00 bul 6.25. Hogs—Receipis, 21.000 head; mostly 10 higher; some butchers up more; top, 8.90; bulk, 8.40a8.80; pigs, steady; 5 SRFE aFaRs B CHICAGO-— Armour Leather com 12 rmour bulk, desirable, 8.50a8.75. Armose pia, . oM ; St htiona Sheep—Receipts, 8,000 head; nearly 50 Teading ¢ all packers direct; few loads’ natives H St. Maurice P. on sale; best native lambs at 11.00; 7% Texas Co.. q, T, native springs at 13.75, stéady; others < T. 8. Title Guaranty, $3. and shéep, 20 to 50 lower; best light B1% U. 8. Ind. Aleohol, q, $2. June 15| ewes, 6.50. 28 12% 2% —_— OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. Bid. DAIRY MARKETS. BALTIMORE., May 20 (Special).— Chickens, live springers, per 1b., 45a 60; white leghorna, 40a45; young win- ters, 45250; old hens, 32a3i; old roos- ters, 18; ducks, 23a32; pigeons, 45a50. Eggs—Loss off: nearby _strictly fresh, firsts, per dozen, 24; southern firsts, 23. Buttér—Creamery fancy, pound, 33a prints, 35a36; nearby creamery. g 26a22; rolls, 16 thore packed, 15; FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Co. Prices at nooa: Berlin_4s. Greater Be Bremen 4%%s. Coblens 4! Cologne 4u. Danzig_4s. Darmstadt 43, Dresden 4. Dresden 413 Duesseldorf” 45.. Een 45, Frankfurt Frankfurt Mamburg Humburg 31, Hamburg 4w Mamburz 415 Koenigsberg 4s. Laipzig 415x Leivzig 5s' 3 is German gov. German gov. 3138 15% VIENNA LOAN EXTENDED. VIEN May 20.—The Deutsch Bank, which has its ptincipal head- quarters in Beriin, has extended for two years the sixty-five million mark loan to the city of Vienna, which 5 £61] due May 16, Vienna banks have |, Cheese steady. recéipts, 2,089 boxes: ilk, flats, short held, guaranteed payment of the loan. i n e dor e eate 15%al16; state, ‘Whole milk, flats, HEAVY BANANA RECEIPTS. fresh special al6l:; do., average rup, 13%als. BALTIVMORE, May 20 (Special).—— Boullry, live, stéady; fowls, 34 Banana receipts for this week total ed Stexdy; westérn chicken: more than 85,000 bunches. The third i old roosters, 17421. steamer of the week, the Manchio- neal, arrived yesterday with 33,488 bunches from Jamaics for the United Fruit Company. . The Fort Gdines is 0. fscharging 30,000 bunchel s Ars 7 Baltimore and Jamal d Lng ctm second ” pany, while the oré Rotfl %s, fird 4¥s 90.70 which arrived Monday, h . 3%& 97.70; more than 21,000 bunches. 0% 18: Anglo-American Oi1 2% Atlantic Refining C orne-Serymser e, Buckeye Vipe Line Co. Cheseborough 3 Continental Oil remcent Pipe Li (new).. 1 2 _El Gen. 415n 203 Mein‘ger Bank 4x 185, Nord. L. Bank 4s 181, Preuss Bunk 4s.. 185 | 3. Berliner Bank 4% 15k | 39, Vienna 4x P e P ;s | process butter. NEW YOR 2% | easier. receipt jery. higher than extras, eréamery, extras firsts (88 to 91 sc ing stock, currént make, N Eggs firmér, receipts, frosh-gathered, extra firsts, 331,a24% fresh-gathered, firsts, 21a23; state, Pennsylvania and mnearby wéstern hennery whites, firsts to éxtras, 28a 33; state, Pénnsylvdnia dnd nearby western hennéry browns; éxtras. 29 230; do., gathered browns and mixed colors, ' firsts to extras, 27%a2s: orage packed, extrs firsts, 25%a 261;; do. firsts, 2415a2514 20.—Butter New York Transpo: 9% 4 Norchern Lipe Lo Co. 65's { Do 0l to.. w0 | enoayivana-Mex, | braitie Gl ad | Sty 2 * Italian s,. Italian nfi:n 625 33& t. Su. Beifan e 30 8 E&%y tefining Co.. athern Pipe ilaw uth. Penn. 01 Southwest. Penu. B FE ok | et 315 | Stam i Unica Taok Line Co. ! Vacuum 0Oll Co. 242, | Washington Oi #85e85882 0008 —_— FOREIGN EXCHANGE. Quotations farnished by W. B. Hibbs & 0. Selling checks: Dollar 9% 71 [ i 3 0% THE EVENING. STAR, WASHINGTON, D. C. FRIDAY, MAY 2. 1921 TODAY’S BOND PRICES. Noon prices reported to The Star over direct | Southern Pacific Ist ref. 4s.. New York-Washington wire by Redmond & Co. DI evis s 1921..99 13-16 2L o | Potatoes—W hite. No. 1. per 100 pounds. 3 green. pearl and wax. per hamper. 1.00a2.50. Asparagus, per Cucumbers, per box. 3504 | Corn. Lettuce. per bas- | per ! er barrel, 4.00a8.00: per box. 1.50a4.00; loose. per | . Grapefruit, per box. Oranges, per box. 3.5026.00. 3.9524.00 ; corn, Rye—Bag lots of nearby rye,' as to No. 1 light ¢lover, mixed. 20.00a No. 2 light clover, mixed, 16.00a No. 2 clover, 12.00a13.00; No. 3, 10.00a 1 straight rye, nominai; No. 1 tangled rve. 17.00; CUnfavorable ad- | which ranged from % to 21 higher. with | May 1.53% to 1.54% and July 1.20% toj July at 60% to 60%, the market rose | Southern Pacific conv. 4s. Southern Rallway gen. 4s.... Southern Railway 5 Tnited i Tniteq States Rubber 715 Tnited Btate: Steel 8. F. 3 Yacuum Ofl Corp. 7+ 1936, Virginia-Carolina Chemical Wilson & Co. st Ba........ SHORT-TERM SECURITIES. (Reported by Redmond & Co. . American Tel. & Tel. American Tol. & T American Threal Co. Americ American Tohacro € American co Co Anzeonda Copper s 1 Anzlo-Amermican O | Armour & Co. Ts Tiethlehem Steel | Bethlehem Steel 7 Canadian_ Pacific 6s 1 tral Argentine 6% It 1. & Pacitic & 3t Humble 0Nl 73 1923, Kennecoft Capner 7« 1 Liggatt & Mrers Toh. ¢ Fenna, C June 1 Procter & Roeby r Can, 9% w05, | eral managcr 100 100 TLOCAY, WHOLD: Eggs—Strictly fresh, southern. 23. Ive poultry. nor per 1h., voung, per 1b., F. MARKET. per doz., prinz, Doncard o <nr chickens, par por e turkeys. B winter, P Pork—Drossed. small medium. 13a14; hea Live stock—calv : lambs, choice, per 1b., 13. o(éreen fruits—Apples per b, 10a13; live. 9. 11 per bbl., 0.00; western, per box. . | gornia lemons, per box, Ornia oranges, per crat Llotida oranges. per crat 3rapefruit. per crate, 6.00a6.50. i northern. per s . per bbl. 5.60a6. 1.00a1.50; 50. Romaine lettuce. 1 blings., per crate, Florida. Spinach. per bbl. 3.00 per bbl. Peppers. North Carolina Texas oniors, 2.00a per crat 5.00. Eggplant, pr . matoes, per box, 3.5025.00. lina asparagus, per doz. by, per doz., 1.25a2.25. —_— COTTON MARKET: NEW YORK, May 2 elery, 4 s early trading. jwas scattering local liquidation contracts bought several days ago. Futures opened steady; May, 12 July. 12.63; October, 12 none; January, 13.79. LIVERPOOL. May 20.—Holiday the cotton exchange here today. Weekly eotion statistics: To | forwarded to mills. 21.000 bales, which 13.000 were American. O 992.000; American. 606.000. 25.000 bales; American 23,000. [ports. 2.000 bales: American. 1,000. NEW OREANS, May the cotton market a downward tref today and in the first hour of ing prices: lost sinking t6 12.16. jected proposals of a wage cut. Futures opened quiet. July. 12.25; October, 12. 3.22; January, 13.31. M; 11 Decemb. SALT LAKE CITY. May wool marketing committee Parowan, ['tah, growers —T of t approximating 300,000 pounds wool, to a Philadelphia firm. at cents a pound. last year for 63 cents. STOCK INQUIRY EEPORT. BOSTON, May 20—The legi sfock market operations by measures affecting the stock were pending, reported today a findi that such transaction occurred. In did the vote of those concerned jthe fate of a legislative measure. committee submitted viding for the transmission to the d trict attorn: of copy of the tes mony for such action. if any, as might see fit. OHIO ELEVATOR DEAL. COLUMBUS, Ohio, May 20.—Ohi 405 farmers’ co-operative are to enter the terminal mark through the purchase of the Uni Elevator of Cleveland. which ha storage capacity of two million bus lels of grain. Branches may be e lished in Toledo. Columbus and cinnati. The elavator will conditi as for interior business. Quarter of a Century in the Insurance Business Astomobile Worry It’s bad enough to worry over a cylindeér that misses now and then, but it is worse to worry if you come out of a store or theater and find your car missing— without insurance. Let us do the worrying. It is our business to in- sure automobiles. B. F. SAUL CO. Astomobile Insurance 934 N..Y. Ave. N.W. a8 ° | 100% ; has the 10015 . s. choice, per Ib. -% Klorida potatoes. prr byl ¥ €. 1.00a . 75a1.50. Celer —There was a turther decline in the cotton market| i The fa- | her reported in the south was _considcred responsible for most of the selling and the early feature | 5; December, | Imports, 13- 0.—Continued { favorable weather over the belt gave trad- 13 to 15 points, July| There was also some c IS > selling on cables from England say- | SAV'NG) B NK {ing that cotfon mill operators had re- | BIG WOOL SALE REPORTED. announces | the sale of more than 50.000 fleeces, The same buyers aré | reported to have purchased the wool tive committee which has been inquiring into members of the legislatures of 1918 and 1919 while involved case, however, the committee reported, affect ‘The Iso an order pro. clevator and transfer grain for export as well FINANCIAL. SAYS U.'S. HAS MADE KO DEFINITE TRADE PROGRAM Ex-Secretary Redfield Deplores Country's Laxity to Maryland Bankers. ATLANTIC CITY, N. William C. Redfield. former Secretar: of Comm. told 250 Maryland bank- ¢rs here ihat the United States has done noth to settle business de- pression or enter into a fight for trade broad. He deplored that the coun- {try had put forward no definite pro- {&ram. despite the fact that America argest available supply of TAW materials, the greatest credit and jthe biggest industrial output in the world. merican Last Years Earnings of Corporation J.. May 20. reviewed 20 Broad St., New York MEMBERS: New York Steck Exchange export trade has been| ~ew York Cotton Exchange NE Off at the rate of $2.000,000 a “he said. “It is unthinkable that inexcusable conditions should continue. We face the wor hold ing in our hands everything the worid wants and anxious to scil. and. on {the other hznd. the world faces us [ with tched hands, eager to t. have to seil. but neither is able to get to the other. WORKED WAY TO FAME. lNew Head cf South Carolina Road Was Wire Operator. COLUMBIA. S. (. Ma ayvlor was elected pres > {Columbia. Newberry Pailroad Company. succceding J. B. Lyles. w ed re-eleetion at annual meeting of the stockho'd s here. Mr. Taylor. who was vice | president and general manager of *lthe railroad. will continue as gen- as we!l as president. | while J. P S Lyles will serve as a jmember of the board of directors. as ice president and general counsel. | N Mr. Tavier. who is a native of | Rocky Mount. began his ra road “experience more than twenty vears azo 28 a telegraph opera {with the Atiantic Coast lLine ra {road in North Carolina. All oth. ofiicirs the company were re- elected. New York Produce Exchange Chicago Board of Trade Association. Main Floor Corridor Phone Main 2040. -J. P ent of the and Laurens er: We Alwo Lemd om Liberty DBon 604 14t St. N.W. 24: of 20 MEMBERS: U PROPOSED FREKCH ISSUE. PARIS, May ng | the gov- ont rancs in paper money was introduced the chamber of deputies today by four moderate socialists. The object o the measure is to enab'e th+ governi =t rustion N f the devastated regions. susvended b- cause of the lack of funds, and a'so tol enable it to retire national defense ani 131 Broadway, New York Washington Office 15 Telephone Main 1603 charzes. stimwating stagnz and creating a better market e bond resues. Life Policy, $57.35 o of birth for Wmira Y COFF, tnw ant “Gilt Edge” G. B. CHIPMAN 00. T, .22 —e—— in our recent circular. Copy on request A. A. Housman & Co. N. Y. Coffee and Sugar Exchange | Associate members of Liverpool Cotton Washington Office WOODWARD BUILDING, CHARLES R. ALLEY, Manager. New York Stock Exchange COLORADO BUILDING Grve-up business invited ia | 3 May 17, . Eiva. ) DIVIDEND 1% First Mortgage Notes Now on Hand In Amounts c. Tde's of record as ther ap Dasineas on June 4, 1921 t il not_be TRGENTHALER LINOTYPE CO.. MERGENTHALER 1IN 0 oxed. JOS. T. MACKEY, Treasurer. $250 Up to $5,000 We look after all details and furnish guaranteed titles with all notés. Chas. D. Sager 923 15th St. N.W. Loan Dept., M. 38. Co-Operative Building Associati Orzamized 1879 EQUITABLE | of ! =— 41st YEAR COMPLETED H GRAN CHASE, Asncts ... .$4.37T2,006.57 17| Public Accountact and Auditor|| servies 100532289 3 Ve el. in 1550 ys - liea. Terioic auiiv. Tncome taz marcers || Now’s the Time to Join on the Equitable tal ot ck, interest and commission. 420 Wash. L. & Trust bidg.. 9thand F aw. | ZENS Prevailing Joseph I. Weller Tl most substantial sums. Subscriptions for the 81st Issoe of Steck Being Received Shares, $2.50 per Moath 4 Per Cent Interest EQUITABLE BUILDING SISFSLNW. JORY JOT EDSON. Prég FRANK P. nd cf, Thousands have =dopted the evgiamatic, 3.ving plan of the Equltable and have accumulated g REESIDE, ‘Skey. Liberty Bond Exchange iy dicidend of 24 per cent ? nthaier Linot on Juae 30. 1021, to the r at the ranefet he | he | of 1 o it L Any Time Is a Gopd Time to: Invest in of investment desirable W and experts can't agr ng no quirements, and yields is ti he time will soon be here. Will vou have the money for thar ‘zood time?* Start saving for it NOW. Safe Deposit Hoxes, $2.30 a Nenr Un, 1336 N. Y. Ave. Consult Our Loan Dept.‘_ on ) : n- | on | 713 14th St. Unusul Growth Less than a year ago the International Finance Corpora- tion, Wasfng!on‘s commercial banking institution, opened its doors with business amounting to about $100,000. Today it has close to a million dollars on its books. This phenomenal growth is all the more remarkable in view of the general business slump ffom which we are recovering. The International Finance Corporation is not only paying NINE PER CENT on preferred stock, but is earning more than FIFTEEN PER CENT ON ITS COMMON STOCK. Here are somé interesting figurés on the financial growth of the Corporation which speak for them- selves: 1920 Business on Books Total Assets July 3lst, $95,551.33 $153735.17 Sept. 30th, 32511055 450,677.56 Du;.z 3lst, 63679031 721,0991 1921 March_3lst, 703.490.12 81533807 April 0th, < EONTES 105363074 It will pay you to write. or telephone for a booklet out- lining the progréss of this Washington . financlal institution. Stock may be bought of thé deferred pggment plan. First Mortgages But more especially is this tyoe en business conditions are unterlain on prophe- cies for even 30 days ahead. ‘The FIRST TRUST NOTE remai at par, even through panics, whe placed to conform with our: re- T% - SHANNON & LUCHS