Evening Star Newspaper, June 2, 1921, Page 23

NEW. YORK STOCK EX Received by Private Wire Direct to The Star Office. s Am Colton Oil pt.. & Am Druggists. .... * Am Hide & Loa Am Hide & Lea pf. 53% Am International. 45 Am La France. . 3 Am Linseed. Am Locomotive. Am Safety Razor.. Am Ship & Com. Am Smelting . 2% Am Smelting pf... %% Am Steel Fdy..... 28% 2% ® - n% o% B 5% 0 W auw en N 5888235298200 20050 80 H Am Tobacco. . Am Woolen. Am Woolen pf. Am Writing Pr pt. Sutouazf Atchison pf. . Atlantic Fruit Co.. Atlantic Gulf. Atlantic Petroleur th Fisheries.., Bklyn Rapid Tra. Chi & Eastn Ill pf. Chi Great W pf. ChiMil&StP..... Chi Mil & St Ppt.. Chi & Northwn Chi & Northwn pf. ChiR I & Pacific. ChiRI&P6%pL.. ChiRI&P 1% pf.. Col Graphophone. . Col Graph pf -1 853 Y... 8% Cons Intl Cal Min. Cons Textile. Cont Can Cont Candy Cont Insurance Corn Product: Cosden & Co. Crucible Steel. Cuban-Am Sugar Cuba Cane Sugar... Cuba Cane Su pt. Davidson Chem. 35539530215 xe555888-355 Denv & RioGr.... Denv & Rio G pf... Dome Mines. Elk Horn Coal... Endicott-Johnson. 6% Endicott-John pf. . Erie. . Erle 1st pf. Erle2apf... Famous Player: Fed Mines & S pf. Fisher Body l!'."k Rubber. 2h_ 2% WH UK a8 86 86 E3 B % 1% 18 15 1% 15 1B% 1M 1% 1% 1% 63 6% 67 6% 101% W02k 101% 10% Gen Asphalt. Gen Asphalt Granby Consol. Gray & Davis Great Northern pf. 68% 704 68% 69 Guantanamo Sug.. 1% Gulf States Steel. askell & Barker. lomestake §T & Houston Oil o Hupp Motors. s nN k% Hydrauli 2 12 R 1llinois al... 10 90 8% 8% U UG Mk - Indian Refining 9509 Interboro Metro. Interboro Met pf. Intl AgriChem pf. 49 Intl Harvester.... 8 Intl Mer Marine... W% W% Intl Mer Marine pf 53% 83% IntI'Motor Truck.. 35 35 Intl Nickel. Intl Paper. Invincible Oil Island Oil Jewel Tea Kansas City Sou.. KansasCSoupf... 0 & Kelly-Spring Tire. 40% 41% Kelly-Spring 8% p! 9 T Kennecott........ 2% 0% Keystone Tire.... 13 Lackawanna Steel 4% 46% 4 Laclede Gas. . 8% Lee Tire & Rubl Lehigh Valley. Lima Locomoti LR il b L 1% 0% 0% 4 8% % ¥ Lorillard. Logse- Wil Louis & Nash. Mackay Cos Manati Suga Manhattan Elev. Market StRyprpf. 40 4 4 Max-Chalmerswi.. 13 13 12K Maxwell 2d pf A% % e Mexican Pete. . 149% 150% 8% Miami Copper 2 z Middle States Oil. Mo Kan & Tex. Mo Pacific Mo Pacific pf. Natl Biscuit pf. Natl Enameling. vada Copper. New Or Tex & M... 6 N Y Central - NYChi&StL.... Doc! 19% Norfolk & Westrn. %% 9% %% Nérthern Pacific.. Ti% 7% 7% Nova Scotia Steel.. 29% 29% 29% Oklahoma Prod... 2 2% Orpheum Circuit.. 2% 2% Otis Elevator. Otis Steel. gwon& Bottle... 'ac Develo] Pacific Oil “fn. Pere Marquet Phila Company. Punta Alegre Sug. 31 Pure Oil. a TR H Y Segegesaiyeronyngyace &% | L e PR W L T Opex. * $Stern Bros pt. Stewart-Warner, 594 | Stromberg Carb 4% | Studebaker. 8% | Studebaker p i Submarine Boa! Superior Oil. Superior St1 ‘Tenn Copper Texas Compa oz 4| Texas & Pacific. i :?rruufircao 8 85 jTobacco Prod..... 6 s6% | Trans Contl Oil. .. iUnlonOll......... 2 Union Pacific, United Ry Inv pf.. 2% United Retail Strs. 5% U S Food Prod. U 8 Indus Alcohel. ity . 8% Vanadium Corp... 31 Va-Car Chem Wabash pfA.. . o Webber & Heilbrot Western Md.... Weatern Md 2d. E!-lg 8 * Wheeling & L E pf. Mot Wilson Company. . Willys-Overland. Willys-Ovid pf.... Wisconsin Central Worthington Pmp. LR - 232 900 387400 Zp.m..... 439 700 STOCKS ARE SLOW AND IRREEULAR Bears. Working Thrbughout List for Weak Points. Rock Island Firm. BY S. P. WEST. NEW YORK, June 2—The fluctua. tions in today's stock market again were almost cntirely the work of professional traders. This element Wwas engaged in offering down prices in some - directions, while covering short contracts in others. In conse- quence, the mevement had an ex tremely irregular and uncertain ap- pearance, with no general tendency one way or the other. Rallway shares were definitely strong, showing increasing apprecin- tion of the fact that the $400,000,000 a year wage cut will mean a lot for the raflroads of the country, following the cxtensive reduction in operating cost ‘already achieved. Some of the dividend-paying rails rallied as much as a point, while some of the low- priced non-dividend payers got back practically to their high figures of the year. Miscellancous Bear Efforts. In the industril list there was a series of experiments on the short side of various individual stocks, like American Sugar, Industrial Alcohol, Baldwin Locomotive, and one or two of the oil There was very little in the way of news connected with any of igase demonstratios Inasmuch as Ather- ican Sugar and Industrial Aleohol have only recently declaggd their regular dividends, discussion of what their directors will do §t the next meeting more than tw months off is |Sep obviously premature. So far as known, the earnings situ-, x ation i hese ‘0 companies is no different from what it a few weeks ago, when the- decision was reached to continue the distribution to_shareholders at the regular rates. Some of the oll shares were unsettled by the fresh price cutting announced this morning, but the group as a whole was not weak. The greater part of the market showed that it was no |Cl longer sensitive to the uncovering of ‘“‘weak spots,” as it had been a short 'I:l(.le ago. ‘here was active buyis of Stude- baker, Mexican Pcunlenmomo of the tobaccos znd one or two -of the tire shares, which was not daunted by the {1 break in the various specialties upon which the bear party had concentrated their attack. Rock Island, which was the leader of the low-priced rail D, got back around its high of the menthly proportion of 'd charges -2 golar is now about $1,150.000, and $297,000 | senth Pe of some $1,450, n ch showed a sul X Lanture ment and for the firet time since last October were in excess of the months ly proportion. of cha d ferred dividénds. Net ago. Increase in net was due to in-, crease in gross of $1,866,000. B ittt} i MAY SEEK LOAN HERE. Ontario Plans Bond Issus of $22,- 000,000 for Pewer. f TORONTO, June 2.—A loan of about $22,000,000 is expected to be -floated for the province of Ontario in about two or. three weeks, Peter Smith, provincial treasurer, announces: Mr. Smith indicated . that it might be necessary to go to New York to se- cure at least a part-of the loan, as the money market here has not en. tirely absorbed thé last provincial loan and the city ‘of Toronto bonds are in the market. The bulk of the funds.to be secured Wwill be used for hydro-electric power mmil puyposes, Mr. Smith sAld. REFINED SUGAR EASIER. NEW YORK, Juné 2—The' raw sugar market ‘was weak again early e A U on 7 & of Forto Ricos. ires 1l thres-cent ere 4/50 12 pointa et low ere 4 to 12 points mbt Tow sasler, oy to 36D net lower, at €.99 5 for fine gratulsted. % Mng - futures Were “li.. ‘g-ol‘n-t..l the ~volume of business’ was The | tantial improve- | Standa Raw..gugar futures | mi the TOD Noon prices reporied to The Bter over direct New York-Washington wire by Redmood & Co. spsgeisepaaieegepzpaine 2§3EaiREssts Interaat uter. Kapid Trases uisvlle and Nashilia 7» Mo., Kans. and Tex. Ist ds. g3n2 BT £ o iaa‘ nd sa Loufs and Nan Frascisco | Soaboard Air Lde refdg. da. rd Air Line adj. ir Cons. Oil Cotp. Grain, Produce GRAIN AND PROVISIONS. BALTIMORE. Juie 2 (Special).— Potatoes, white, No. 1, per hundred- weight, 7501.00 ; cobblers, 75a1.00; Mc- Cormicks, 75a1.00; No. 2, 40a50; new, per barrel, 1.5024.00; sweets, per bar- rel, 3.50a6.50; yanis, 50a5.50. Beans, green, -pearl and wax, per hamper, 1.25a3.75. Corn. per crate, 2.50a4.00. Beets, pezro:nfirs. 5a8. Asparagus, per doszen, 2.00a4.00. Cabbage, per crate, 1.50a2.00; per box. 2.50a4.50; eggplant. per crate. 2.00a3.50; kale, Dper bushel, 40a50; peas, per basket, 1.25a2.50; peppers, per crate, 1.50a3.00; spring onions. per 100 bunches, 50a80 spinach, per bush- per 100 bunches, rhubarb, per 100 bunmches, g 4.00a5.00. Tomatoes, per crate, 1.00a8. ap- ples, per bbl, 3.50a6.00; box, L‘Iil!.'li_ cantaloupes, per crate. 2.00a2.50; peaches, per crate, 22.50; grape- fruit, per box, 3.00a5.50; oranges, per box. 3.00a5.00. Strawberries, per quart. 7a15: blaek- berries, per quart. 20a25; raspberri per pint, 15; cherries, per quart, 10a 25; watermelons, each, 90a1.00. Selling Prices at Noon. Wheat—No. 2 red winter, 1.77%; No. 2 red winter, garlicky, spot, No quotations on June nd July. % A Sales “Bag lots of mearby sample. at 1.30 per bu. 2452090 Corn—Cob, new, yellow, contract corn, spot, 76% . ; track, yellow, No. 3 or better, 78 per bu. Rye—Bag lots of nearby rye, as to quality, 1.20a1.30 per bushei; No. 2 western export, lphul L:;’“ per bushel; No. 3, er bushel. N s Na® §white, 50a50%; No. 3 2o 3 timothy. 14508 thy, 21.00a21.80; No. 3 timothy, 14 19% 1 light clover mixed, 30.00a 2 light clover mixed, 16.00a /00: No. 1 clover mixed, 18.00219.00: No, 3 clover mixed, 14.00a17.00; No. 3 11,00a13.00; No. 1 clover, 15.00 No. 2 clover,12.00a No. 3, 11.50; sample hay, 10.00a14.00. Straw—No, 1, nominal; No. 1 stralght rye, nominai; No. 1 tangled rye. 17.00 No. » tangled rye, 15.00; No. 1 wheat. 14.00a14.50; No. 3 wheat, 13.00a13.50 No. 1 oat. nominal, 15.50216.50. CHICAGO, June 2,— - Notwithstanding that persistent commission house selling together with further rains in the southwest Jed to new declines, the wheat mar- ket took a decided upward jump later, as a result of big export busi- ness and of bullish crop estimates. Prices closed nervous, 3% to 3% net higher, July 1.40% to 1.40%. Export sales of 500,000 bushels to Holland were noted. The corn mar- ket closed firm at % vance, with July 67 to 67%. i St O & - OIL MARKET. Quotations furnished by W. B. Hibbs & Oe. Bid. Anglo-American Oil Co. (aew).. Ausatie Reflaing Co. Continental 0il Co. Crescent Pipe Li Cumberiand Pipe Line. Pipe Lis L3 l!l:!!i%&gga‘fizfisiiiisis 5 8 Standard. Ofl oil NEW' YORK, June 2.—Federal Jud Hand today »goln(ed Walbridg Taft receiver for the Marine and Com. merce Corporation of Amerioa, a transportation concern. Assets were iven at $2,039,673, with- liabilities of. 3,648,967, in a petition recently filed. PARIS BOURSE HEAVY. PARIS, June 2—Prices were very heavy on the bourse today: Three per cent rentes, 57 franes 20 centimi EXchange on London, 46 francs 50 (centimes. Five r _cent loan, francs 70 centimes. The dollar was quoted at 11 francs 91% eentimes. —— MOVE TO LIFT GOLD BAN. JUENOS “AIRES, Jt 3~—Recom- m!.dnuon that the .':::u.-: reopes the “caja de conversion” and permit ssefee 3 L to % net ad-|5. mer L ‘o], G0 1922, Amrca R R & B St Ce. Ts 1832 Ang fia_1029. Anzle-American Ol Tin Atmounr & Co. 7s V900, Roihishem Sieel Ty 1922 Bethichem Strel Ts 1023, Casaann Pacine Central e ting ETe Tzt -, egy » 1T 011, Cerporat L 3. n“i,- o, ‘aliey ot Copnes 74 1840 Kennecott D! . ieEett & Myors Tob [ iv. 3 > & ” g 282282328 IS TAER & g;g_;:zzgae and Live Stock LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per dos, 26; southern, 25. Live poultry—Rooesters, per 1b., 20; turkeys, per 1b, 30a33: chickens, ing, per Ib., 43a50; hens, per Ib., 28; s, young, each. 75; chickens, winter, per 1b., 35a40. Dressed poultry—Fresh-killed spring chickenas, per 1b., 50a55; hens, per 1., 32; roosters, per 1b., 23; turkeys, per 1b., 35438; chickens, winter, per Ib. Soato. Pork—Dressed, small, 16 medium, 13a14; heavy, 10a 3% Live stock—Calves, choice, per Ib., 11; lambs, choice, per 1b., 13al4. Green fruits—Apples, per bb! 10.00; western, per box, 3.50a4d. fornia lemons, per box, €. A fornia oranges. per crate, 5.50a8.00; Florida oranges, per crate, 6.0026.50 Erapefruit, per crate, 5.0086.50; berries, 10225 per qt. ‘Vegetables—Potatoes, nearby, No. 1, r bbl., 1.25a1.76; northern, per sack, 022.35; new -southern potatoes, per 3.50a4.50; yams, per bbl, 5.90a lettuee, Y, per_crate, T6a per doz., 1.00a1.50; Rox a2.6 bl per 1b., 18; live, tomatoes, per box, Carolina asparagus, nearby, per dos., BALTIMORE, Md. June 2.—Chick ens—Alive, springers, 40a55; white leghorns, 40a45;: young. winters, 40a 45; old heas, 28a30; old roosters, 16a 1 Ducks, 25a30; spring ducks, 0. Pigeons, per pair, > off, strictly fresh hear- 3. ter—Creamery, f ts, $0a32; neard: s creams ladles, 19a21; rolis, 16a19; store ed, 15; dal rints, 18a20; process b:‘" :m:' 4 g MONEY AND EXCHANGE. NEW YORK, June 2.—Prime mer- L antile paper, 6Xa7. Exchange weak; steritng $0-day bills and commercial 60-day bills on banks, 3.84%; commer- cial 60-day bills, 3.84; demand, 5.88% cables, 3.89%. Francs, demand, ‘8.30; cables, 8.32. Belgian franes, demand, $.29; cables, 8.31. Guilders, demand, 34.25; cables, 34.35. Lire, demand, 5.24; cables, 5.25. Marks, demand, 1.55; cables. 156. Greece, demand, $3. Sweden, demand, 22.95. Noi wi demand, 15.20. Argentine, de: mand, 32.18. Brazilian, demand, 13.50; Montreal, 1111-16 per cent discount. Government bonds easy; railroad bonds irregular. Time loana firmer: sixty days, ninety days, ¥ix months, 7 per cent. ‘. and safery, NEW YORK, Juné Z—The feature in‘ today’s bond market was the con- tinued in the liberty 3% whieh descended fo'a new low:of 8 ‘With the time near at hand for action on revepue legisiation one of ' the ey |main Insidenis which it fs. expected wili be relief-for the larger imcomes, the demand Yon this tax-exempt issue | has fallen off. At the same time thefe appeared to \have been considerable itching from the 3is into the vari- i dt“‘ . influenced by the same id‘:;. new.revenu 80] Trading in all the libertys was - extremely heavy today, with the, Second, third and . fourth loans very little gffected by the weak- ness [n' the tax-exempt first loan; The general bond list tzlin felt the Qepressing influcnce of - the money matket . situatiofi—that -is, If ‘the tather disappoiniing refusal of money to come down in response to the restoration oOf the federal reserve ratio. PR ; Make New Laws, laws até Among these were Southern Pacifle collateral: 4s, at 67; the Northera Pagific prior lien 4s, at 78%; the New York, Westchester and Boston 4%s. which were off nearly a ; the Atchison genesal and the Dupont 7i%s, at 98. the other hand, strength was shown in New Orleans Terminal 4 up ‘% to 69; the Missouri Pacific & fraction higher at-54%; In 8t and Ban Francisco incomes, at 52%, and in the local tractioh gfoup, cially the Interborough and Brookiyn Rapid Transit 7s, which were both in active demand. 2 — LIBERTY BOND CLOSING PRICES, NEW YORK, June 2.—Liberty bonds cloged; 31z, 86.68; first 4s, 87.40 bid: second 6.50; secohd CITIES SERVICE SECURITIES Bought, Sold, Quoted, THOS. W. BRAHANY & (0. Investment Securitles 510-11 Evans Building Washiagton, D. C. Maia 6189 ney to Loan Becured by First Deed of Trust én Real Estate. vailing interest and commission. | Joseph 1. Welier 52 Wit . & zroe Government- of Newfoundland 15-Year 6'2% Gold Bonds Due June 30, 1936 Principal and Interest payable in New York ; in gold A direct obligation of the Government of Newfoundland and ex- empt from all present or future taxes imposed by that Government. Price to yield about 7.20% Redmond & Co. 927 Fifteenth Strest N.W. Washington, D. C. Phones: Main 7074-5-6-1-8 New York Baltimore Philadeiphia Pittsburgh WEe Wi Go WrrH You ON Your TRAVELS You need not lose touch with your bank while you are away on your vacation. The United States Mail may be provided With necessary funds, dnd at the same time keep your surplus in a place of strength . other business? 915 F 8. N.W. If you were threatened with a legal suit, you would see a lawyer; if you were going to build a house, you would con- sult an architect. Why not apply the same j principle to your rental prop- erty as you would to any The returns will be greater. We specialize in the man- agement of rental properties. B. F. SAUL CO. Property Management 934 N. Y. Ave. NW. The Safest Satisfactory Invest- ment Securities Are FIRST MORTGAGE . NOTES ‘Which Will'Net:You Free from the worries of risk or loss, conservatively secursd on improved city titles ting interest the No to Investor Calt m Loan Dept., . for Complete Details Wm. S. Phillips 1409 New York Ave. Andwhenycu mméhng arrangements mhnk by mail this summer, let us supply you with Trav- youa quick, safe, reliable means of carrying necessary funds on your travels, ; < Capital and-Surplus §5,400,000 y ‘free: t the | - d in a uSlon introds in t::‘ chamber of depusies The resolution was luced =] A% and 7 BOUGHT AND SOLD FOR CASH We Alse Bonds legd en Liverty * sible on the stock in your Brokerage Orders— get all the information pos- | ich. you are interested, and on the market trend. nvestérs and Traders’ Guide.’ page book, telling rules of: ing, requirements, cha: c—gent on request—eall,) one or write for UU-440. 433 EQUITABLE BUILDING BALTIMORE ‘Teleph Bt. Paul $451 Ofices in 8 Principal Cities Direet Private Wires JONES & BAKER Members New York Curd Mkt. Real Financial Stability comes to you only when you have adjusted your investments to the law ‘of average returns. Time, the great leveler, makes up fot the peaks of extraordinary winnings with equally extraordinary depressions. If you own our First Mortgage Notes on improved Washington real estate you stand on the middle ground of safety. Swartzell, Rheem & Hensey Co. 3 727 15th Street N.W. Washi D.C. The Nm:ruc Town &3 Years Without Less to an Investor JOHN L. MERRILL, Pres. Cable Offics, 1186 Conn. Ave, ‘Telephone Franklin 1169 All America Cables is the only American own- ed and operated cable line to Central and South America. Mark Your Cables “VIA ALL AMERICA” i b ip Sk o s an B e L o v 0