Evening Star Newspaper, June 1, 1921, Page 23

NEW YORK "STOCK ExcuANcs. Grain, P duce and Live Stock i whmmmummo&; GRAIN AND PROVISIONS. LOCAL WHOLESALE MARKET. D. C. Besidents Hustled to Pay Hggs—Strictly. fresh, ‘per dos, + -~ Pills Before June 1.: Heavy Treasury " Oparatlons Al * Strengthen Money Market. ta: Loocal Stocks Slow. P'" BY K A FLENING Secretary Mellos this morning called upon the national banks having pro- ceeds arising from the sale of Treas- wry certificates of date April 16 to pay into the respéctive regional banks B0 per cent of the balance of such ? funds by Thursday. ‘This will cause further with- drdwal from banks.of $45,500,000, and, with the heavy payments on account of taxes paid duriag the month of | Am Locom disturb- i May will probably creéate a | anes in pay T & d“ or two. Deposits loeally hn:p gone down m wnh Bankers § or 8% per nant ocertifi Junl 15, -with the probablilities of a bildoh of short-term notes &t 5 Der Luncheon to Directers. The Potomac Insurance Company tendered an informal luncheon to its directors at the Washington yesterday. The occasion was Norrie-Miller of Perth, eral r 65.90; premiums in course ¥ lection, $91,331.02, u‘; cash |n°r0;::. ' and in banks, $68,701.41. Total, $9332,- Linbilties — Unearned premiums, i $363,758.49; losses in course or -dlnt- ment. $128,863.30; reserve I.CM' all_other lllh"lllfl. Si!&‘l! ital, 3m.m. and net surpius, ;:Id.elrs:” “2&"3’:&. Tolo _pollcy $922,342.38. - o Washingten Grove Assoclation. Al meeting of the Wash- ::.gct’-on rGéo.v;nAbroclnfion of .!he .512- of Col la and Mary! held“May 30, at the grove. puin annual report of the president showed th i~ Sompany fres trom debt. : BI'. . La L. Miller, Says All Loans Ave for Trade. 77: National City Bank Cirealar. ‘@ have had ocoasion tofore ' that critlcism ':: u::‘:‘hq: rected at foreign loans offered in thi market, on the ground that no ob ing payments elsewhere. News re- ports from Washington recently have repeated criticlsms of this and indicated that they were being upon the attention of'the pub~| urged lie um:ormu. Nobody take issue with the ympulun that the available capital funds of this country should be wti- lizd at this time in Ways most prao- tically heipful to American business interests, and e-ped-lly the producing } interests. That is where everybody wants them to be used, and the fact in this market is likely to be with- ge rates as they are that is prac- !’le:llyn:.h only use that can be made of the: ! With New York exchan m m all over' the worl -nd xold ing in this direction wherever guunm-mnwn.nlnuvnmtm: nose of the proceeds of loans Baoievabniiatiz LEPPEE PO 1 ! J ?& zeggseel & s;=';a-;s=§-:;-;!‘a;!i!:*;&;szisa.!;=‘fii FEEE 2 & 114 SEREREE: ;;‘zsiis=§;§ss===;,:§="! C LTI T TEER O TP L UL EREELLELEE U T EEPPELE P §eg¥sinengangaaqgznaly 2 # HE FEIcz2RRRETINS FEEEREND Am Woolen Df.... » Am Writing Prpf. sa §E Utah Securities. .. Vanadlum Corp... Va-Car Chem. 9z5sizugtgugeieskgiy nageny. uanafatasateggss.ger $8FRITESERE Willys-Overland Willys-Ovid pf Worthington Pmp. Worthington (B). PR U LU PRV R EOP L LT ORGPV LR s ¥ Call Money..... HOURLY SALES OF STOCKS. 338-58 & BE33eee;80398-E3005,- -0 050 Washington Stock Exchange. SALES. Washington Rallway pfd.—I5 at €3%. Real Estate and Title Company—3 at % b1 R - piEtezyse s Brpgucng.gognosenagrcangagn g v | LR LTS T T i b & egNeat-feg® Bavogprpacss-faptpisrreguiaslyy UL DS L EPRLT P TR R PRI FLFEH L L M Mergenthaler Lino ofi"p.u- m.:".i':m...._... = ol Market ped.. §‘“'i'*z&&“iii'&!i'!&:i' LR D 8 ¥ T T I L mgeegsEs = LU R AL L TR | mll' bfl; BALTIMORE, Md,;* June 1. ~Pota~ toes, white, No. 1, per hundredweight, 75a1.00; cobblers, 75a1.00;McCormicks, 5a1.00: No. 2, 40850; new, per barrel, glr barrel, 3.5026.50; 50:" beans, grosn. peari ax, per hamper, 1.25a3.75; corn, per crate, 350‘1 00; beets, per bunch, 5a8; asparagus, per doze .00a4.00. Cabbage, per crate, 1.50a2.00; cukes, r box, 3.5024.00; eggplant, per crate, .00a3.60; kale, per bu., 40a50; peas, per basket, 1.2582.75; Deppers, per jcrate, 1.50a3. 0 bunches, 50a80; 75; radishes, per 100 bunches, 1.50a 3 rhubarb, per 100 bunches, 4.50a 0. Tomatoes, per crate, 1.00al.5 ples, per bbl, 3.50a8.00; box, 1.76a! canteloupes, petr Lc;“ 24 peaches, per.crate, Grapefruit, oranges, pe: ries, per quart, , per quart, 20a25; fllelrrlGl. per pint, 15; cherries, per quart, 10825; water- melons, each, 90a1.00. Selling Prices at Noon. southern, 25. Live Wultrr—-noonen, \b, 20; turkeys, per 30a3 ehlck-nl. spring, per Ib,, u-sn hens, per keats, young, each, 60a75; ‘chickens, winter, per 1b., 35a: Dressed poul Lry—F‘re sh-killed spring | col chickens, per 1 32; roosters, per Ib., 22; 1b., 35a! chickens, winter, per 50860. Pork—Dressed, small, per 1b., medium, 13a14; heav. 10-13; 1ive, n(. Live stock—Calve! pe 11; lambs, choice, p lb SSata: Green fruits—Apples, per bbl. 10.00; western, per box, 3.50a4.50 fornia lemons, per box, 3.60a4.50 cub fornin oranges, per crate, 5.50a6.00; .| Florida oranges, per crate, 6.0026.50; rapefruit, per crate, 5.0026.50; straw- erries, 15a28 per qt. Vegetables—Potatoes, nearby, No. 1, per bbl., 1.26a1.75; northern, per sack, 1.50a2.25; now Southern potatoes, per bbl.,, 8.50a4.50; per bbl, 503; a —No. 3 red winter, spot. | 300 ‘Wheat- 1.76%; No. 3 red winter, garlicky, spot, 1.57%. No quotations on June and July. Corn—Cob, new, yellow, 3.90 per barrel in car lots; contract corn, spot, 77%: June, 77%; No. 4, % 3 yellow, No, 3 or better, 78 per bushel. Rye—Bag lots of nearby rye, as to quality, 1.20a1.30 per bushel; No. 2 wlc‘):mk.:.%:r;; spot, 163'/. per bush- el; No. 3, r bushel. \bata-itio. 3 whits, 80a50%; No, 3 ‘white, 49a40%. Hay—No. 1 timothy, nomh’ul stand- ard umothy. 23.00a23.50; No. 3. timo- thy, 22.00a22.60; No. 3 timothy, 14.50a N 1 light clover mixed, 20.00a Iight clover, mixed, 16.00a mo N clover mixed, 18.00a19.00; No. 3 clover mixed, 14.00a17.00; No, 3, 11.00213.00; No. 1 clover, 15 00216.00° No. 2 clover, 1 a13. 11.50; sample ha: Straw—nNo. 1 nominal; Nfl 1 ntnl'ht e, nominal; No. 1 tangled rye, 17. M No. 8 tangled rye. 16.00; No, 1 whea ml.so No. 2 wheat, 1 oouzu‘ 1 oat, nominal, 18.00a18, No. 2 oat, 16.00a17.00. Subsequently, steep wheat advances were made, estimates that the winter crop would not exceed 599,000,000 bushels being construed as decidedly tavorable to the buying side. France and Germany and seaboard domestic millers were said to have purchased more or less. The close was strong. !‘? to 8% net higher .at 137 to 7% for July. later the corn maarket developed wdditlonal strength, owing to ex- pected falling off In receipts and to prospective large shipments from Chicago to the east. Prices closed firm, 1“ to 2% ‘net higher, with July, at 6 2.5 lloml-. 1.50a2, nach, p 3.0024.00; kale, lson.na per bbl; pep- pers, busket, 1.60a250; North Carolina peas, 1.00a2.00; Texas onions, 2.0022.25; new cabbage, per crate, 2.0022.50; cu- 4.00a5.00; eggplant, per tomatoes,) per box, 3.5025.00; North Carolina asparagus, dog., 2.50a5.00; nearby, per dos., ACTIONINSTOCKS NOT VERY LIVELY Prices Generally Shaded, With Some Recoveries. Steels Weak Early. BY STUART P. WEST. NEW YORK, June 1.—Publication, of the decision of the Labor Board on the reduction in rallway wages had very little effect one way or the other on the markets today. The award of an average 12 per cent cut was a compromise between the mintmum and" maximum estimates by which the financial community has been gov- . | erned for the last week or more. Be- BALTIMORE, June Chickens — Alive, ri) 3 ‘white lamrn& WMS yolmg ‘winters, Old roosters, % lenl. per pair, 40 Spring ducks, 40. Eggs(loss off)—Strictly fresh near- by, doz., 24; southern, 22a23. Butter—Creamery fancy, 1b., 31; prints, 32a33; nearby creamery 28; iadles, 19a21; rolls, 15a18; store- packed, 1F; dairy prints, 17a20; process butter, 20a23. EW YORK, June 1.—Butter—Firm; pts, 21,518 tubs; creamery, higher than extras, 2934a30; creamery, ex- tras (92 score), 2 creamery firsts (88 to 91 mcore), 36a28%; packing stock, current make, No. 2, 17. Eggs—Firm; receipts, ISS!I cases; fresh gathered, extra flrltl. 27%a28%; fresh gathered, firsts, 253¢a27; state, Pennsylvania and nearby western bennery, whites, firsts to extras, 3la do., browns, extras, 33a34; do. guhered browns and mixed colors, firsts to extras, 36a30; storage pack- ed, extra firsts, 28%829% ' do. firsts, 27a28%. > teady to- firm: _recelpts, 4,929 boxes; state, whol m“k.,flnu, fmh. mndlll. lSth do. average run idal milk, twins, Fhecials, 15a16; do. mverase run 1iais, MANY WEAK SPOTS 2 1N THE BONB LIT ¢ New HIgh on Victory 4:3-4s: Rail' Issues Are Slow, Easy. NEW YORK. June 1—Today’s bond: market was made up of a series of oross currents, which carried some is- sues up to their high prices of the year, while forcing others down to thisir lowest. The victory 4%s made a new high at the moment when the liberty 3%s were making a new lbw. The expiamation for this is, of course, 40 that the new revenue legislation is expected to mdke tax-exempt bonds,|ers deemed In 1923-1923, and thelr market prics is being wwmm siderstion. The feature in the fbnln overn- was the “ued group ~ ltmm in Japanese {ssues. ‘l'he -|amd second 4%s went through ihelr récurring: former top and sold at $5%, while the 4 came down a point to 50: of 1926 rallied slightly, follow- ing the recovery in franc exchange, but other Belgian issues were sta- tionary. Swiss 8s, at 103% were a trifie lower, City of Paris 6s held up to the 99 level, while City of urnn-‘n 5%s gained a fraction to Rafl Issues Slow. ing neither better nor worse than looked for, its influence was negative =0 far as immediate operations were concerned. But in a broader view there is no doubt -about thin down- ward revision in the railway pay rolls being altogether satisfactory for the great majority of roads. The pros- pect; of $400,000,000 being saved from operating - expenses is something of importance which can be better un- derstood in the light of the remark- able_economlies already disclosed in the traffic statements for April. Railway stocks opened with a good deal of uncertainty at the start, but later on developed rather more strength. In the industrial list professional operators renewed their experiments on the short side during the first hour or so. But they werd unable to bring out any fresh liquidation to speak of, and this was the signal for hort covering to set in, under which Pprices slowly hardened. Motor stocks appeared to have pretty well adjust- ed themselves to the price-cutting announcements, more of which oc- curred this morning. South Porto Rico Passes. Passing of the dividend on South Porto Rico Sugar failed Yo induce any fresh selling of the sugar stocks, and this was a matter of some Big- nificance. Steels and oils were not a5 sensitive as they had’ been yes-| terday to unfavorable trade condi- tions. They,were weak at the begin- ning, but bore a fair re in the subsequent raily. Explains Drop in Exchange. With the completion of the German reparations payment all the foreign exchanges rullied sharply. All doubt that the demand for American dollars in oconnection with this operation was majo; f lnst week's break the mn.ml lerman Reichsbank had set up a .35,000@0 credit for the benefit 0! England and France, with the federal reserve bank at New York. £ ‘This made sure, what had been sus- pected, that it was the conversion of German balances into American dol- larw as the ‘medium selected, for 108 the reparations settlemént which broke up the recent overspeculation in .sterling and francs and brought the evident reaction. s Predicting a Change., ' That the market. is in the midst of a turning movement . was the opimion expressed in several of-the big houses this morning: The Ydea was that this movement ‘would be certain urned, Wi mil’ht not h-" yoc their downward sw! otty wel 'gng in thdr industry, as well A8 uin- tlwrlblc de:nd action, although fll“flend lchdnled for the meeting on-June As is m-.l when stocks are being accumulated, me m-.rket. it 'l‘llp ufln‘lcd. would be look. The lmvresxion would Be. m that was little chance ‘of I'n.ldn‘ on the long. side; andl the be further lM-lmldA&ed by ‘weakness: in’ individual tocks. While keeping off an outside following, inside accumulation would, it was thought, go on, preparing the way for a considerably better market toward the end of the summer. The fertilizer business, taking the country as a whole, is about 60 per cent as large as it was last year, ac- cording to the head of ome of the larger tertilizer u'lmpnlu. The fall- ‘been due partly to the Weather, but mdrs to the fact farmers Raiflway . bonds . wers as un- | PO ll'}rpon-!ve as raflway %l to the b 2 er cent reduction announced by the hb:r.?nud. In fact G weakn: n ess dews Union Pacific s, wueh went down a in’ New York Cen- . amotmt at 4ndustrial list developed some Mocfln‘thamcfl lod. that demand for ingredients will be rather siow for next fall and spring g00ds- have been sold at & large loss. COTTON MARKETS. NEW ‘'YOREK, June 1.—The eo-uon market was oomp-r-uvelv quiet and rather irregular during today’s early trading. After opening steady at a decline of 3 points'to sn advance of y poin active months sold some 4 below l—t t' ']mo south- was the seller_on the decline to 12.88 for July and 13.65 o3 ‘points on the opening call tod.l.y the otion saarker fell off for small declines and at the end of the first hour of business lm vault in uu office of tn:hml» today with ap- muuly u.m ,Znopened_lett utuzu ia Q.ht lllt taw d.y- of fily Asked for an estimate of the lmmxllt collected on real estate and tax bills during the month, llee wr Chatham M. T mountain of mi and threw up his hands.. It will take the office !om probably mll of June to-open the Shter the payments on the booka form an estimate of the amount ¢ol- lected. erty owners who failed to All prop: pay-their bills yesterday or tp mall a i heck last night will have to pay a penalty of 1 per cent of their hllll durln, June and an additional 1 per cent for each month they allow ‘the bills to remain unpaid. —— CLEAKS SELr OF CHARGE. Hattie Jackson, Implicatedin Mur- der, Released From Custody. Hattie Jackson, oolored,’ Lakeland. Md,, who was ‘arrested yesterday aft- ernoon by Constable Thomas H. Gar- rison of Prince Georges county, Md., in connection with the investigation of the murder of Mrs. M t 8. Weber, near White station, lumbia Park, the morning of May 19, was re- leased last night Hattie ehowed ihat she had bought the watch and found the ring she pos- ———— LIBERTY BOND NOON PRICES. NEW YORK. June 1 Libery bonds n. noon: Ilg i ond fourth 4 victory 4 BAR SILVER QUOTATIONS. NEW YORK. June 1.—Bar silver, domestic 99% ; foreigh, 57%; Mexican dollars, 44%. wN‘DON June 1—5-:» siiver, 33%; discount rates, money, 4%; mnulhmmm 3 mouths, bills, 5 11-16 per cent. LIBERTY BONDS -omilrl' AND SOLD FOR cAIll ‘e Also Lend on Liberty Bonds leerty Bond Exchange 604 14th St. N. EQUITABLE Now’s th Time to Join the Equitable ‘Thousands have adopted the systematic saving plan of the Equitable and have accumulated tantial sums. 915 F St. NW. JOHN JOY EDSON, Presideat FRANK P. REESIDE, 416 Woodward Bldg. 15th and H Streets de Nemours-and Co. 10-Year 72% Gold Bonds " ' Dune 1931 X Total assets ngm Thls issue—the 'ly : funded debt eoproeey 35,000,000 Price 100 and Interest © to Yield 737 “We look afier all detalls and furnish guaranteed tities with —has returned to its policy- holders more money than it has received from them in prémiums, a record unique among Life Insurance com- panies. g It offers' a thorough Edu- cational Course to its Repre- sentatives. E.D. Sampson, Gen. Agt. 1125 Woodward Building Priday, Juis 15, 1931, to steckbolders of record | at_the close of busi I_Yon Never Charge Ofl " American Telephone & Telegraph Co. 137th DIVIDEND ok gurtery dividend of Two Dollars and Twenty-five Cents per share will be paid on on_Monday. 20, . n.uk-fi!u'rn Treasurar. Depreciation on an Investment in First Mortgages They Mean Absolute Safetr earn % and require no attention Shannon & Luchs 713 14¢h Street Main 2345 7% REAL ESTATE NOTES C tive Valuati Secured by first deed of trust on high-ciass properties. Responsible ‘makers. GLOVER & FLATHER 737 15th St N.W. Big Opportunities in ‘I "Low Priced Stock The stock market is full of bargains just now. Especially attractive are a number of issues selling under $20 per share. Begin buying now. Any of the following low-priced list- ed stocks may be carried in lots of 36 shares and upwards on $4.00 per share margin. Ray Cons. Keystone Tire Lnevl Inc. Hupp Motors Gen. Motors msn.on Cuba Cane Seg. Full particulars, together with copy of weekly Market Review analysing 30 active listed stocks, sent on request. Ask for No. W. 8 225. C. A. BERTRAND & CO. 25 Broad St., - 44 Court St,, STOCKS—BONDS 32 Broadway New Y. TIZENS C SAVIING) BANK Guard against LOSS while on Trip to the Mountiins Place VALUAS! Safe’ Diposit Veulte: Than One Cert a Day. 1336 N. Y. Ave. cl‘. Your Opport\mity We have a number of in- dividual ~mortgages on dwellings fér you to select § from; such as, Kimount of Losn $5,950 Write or call for further information. B.F. SAUL (:() Mortgage Loans . ' 934 N. Y. Ave. NW. STOCKS—BONDS—COTTON GRAIN—SUGAR—COFFEE Bought and Soid on Commission A. A. Housman & Co. .7 20 Broad Street, New York MEMBERS? a NEW YORK STOCK, EXCHANGE‘ Y New York Cotton Exchange—N.' Y. Prodace F_nchuge Chicago Board of Trade—N. Y. Coffee & Sugar Exchange Associate Members of Liverpool Gotmn Assoc:atlon MAIN FLOOR CORRIDOR—WOODWARD BUILDING TELEPHONE MAIN 2040 CHARLES R. ALLEY, Mgr. Extensive Private Wire Sm and Correspondent Offices Combecting Branch the Principal Cities Ofen ot 8:30 AM. Every Bonking Doy Columbia National l;illlll Swwt O]1 F Street Sans, Time Enough in the Morning MWeu&hbn‘:xneunm v-mi-oywml&fldbmhnh( AawchngAwnt.bylwlpqum,. yanwunm. Ghd tolunflcyonr d:zchnd as well !'!i!"!3!!!'!"i&'li'l"‘!"fi;i'i%is grani w&u LIVERPOOL, Teported. . i ssls; prices emier: good [[1 4 ints 1 light trade 2 2 ; p 1 ] e T ‘“fl* 1ok & e ,“,,:h;,,t,t;gfi1:v .Crane, Parris & Co. i G s:;.y , mand u.‘;.od - ,;,,; 3 u.'.-" - 53 mr ‘; Y O R R L R P §!;a§ H nlialit 83y Callf prohibiti: pu-munnt for nlnrl mg PR DI PL T !!-as==!*§ - pge 8