Evening Star Newspaper, June 4, 1921, Page 17

"L LD T0 Despite a heavy increase of the! stock of lard, provisions reflected the | strength of grains. H T COTTON MARKETS. | NEW YORK, June Unfavorable | British labor news was considered | partly responsible for an opening de- cline of 10 to 13 points in the cotton market this morning, s0ld off to @ net Joss of 17 to 26 points | on active months during the early session, with October selling at 13.31. Liverpool, New Orleans and the south were the lealing sellers, while scat- ! tering local pressure was promoted by a favorable view of weather con- ditions in the belt. ! Futures opened barely steady. July, 12.65; October, 13.45; December, 13.88; January, 13.97; March, 14.22. NEW YORK, June 4—Flour—Fi spring patents, 9.0089.50; hard winter straights, 8.75a9.25. Lard—Easy; middle west, 9.4529.55. Other articles unchanged. NEW ORLEANS, June 4.—After ad- vances of 1 to 3 points on the open- ing call today the cotton market fell off under general selling stimulated Ly favorable weather conditions over the belt. July sold up to 12.27, and 211 off to 12.05. s Futurés opened quiet; July, 12.25; October, 12.92; December, 13.26; Janu- ary, 13.36; March, 13.69. LIVERPOOL, Junes$.—Weekly cot- ton statistics: Total forwarded to mills. 000 bales, of which, Ameri- . 0: stock, 1,010.000—American, 619.000; imports, = 31,000—American, 19,000; exports, 4,000—American, 3,000. FOREIGN EXCHANGE. Quotations furnished by W. Ii. Hibbe & Co. Budapest Prague . Warsaw . gen Stockkolm Amstordam . Eelzrade . Joatreal . 'INEW YORK STOCK EXCHANGE. Received by Private ‘Wire Direct to' The Star Office. Pennsylvania Pennsylvania R. R. @ Pennsylvania 7s of 1f Pennxylvania gen. m Reading general §t. Louls and San rd “Air Line Southern Union Pacific 6s United States Rubber 7' United States Steel 8 01l Gorp. 7s Y488, Virginia-Carolioa. Chemical 78 1962, ‘Wilson & Co. 1st s ... abhoa: . Bs. nclair Cons. Oil Corp. T%s Eee s The market | Southern hn““'; gen. 4s. thern Railway 5s . Pacific_caav. 48 United States Rubber Ss. 04 San Francisco 6s 1929. Si. Louis and San Franciaco inc. 6s. Seaboard Air Line refdg. 4s. - —_— OIL MARKET. Quotations farnisked by W. B. Hibbs & Co. 5 Bid. Anglo American O] Co. (new).. 17% Atli intic Refining Co. Borne-Scrymiser_Co.. Buckerer Fipé Tine L H =3 3! AsBuaBanaby Eansisiug adeluiidnineRangky 813 oy | il 814 l i bt \ Open. High. Low. Close. Open. High. Low. Oloss. Alaska Gald. % % % %,LehighValley.... 62 & g Allied Chemical... & &% % &% [Loews Inc. 1318 n% ; Allis Chalmers.... 83% ®% 2% 1% 10% 10% Allis Chalmerspf. 74 4 W -, 158% 153 . * | Am Agr Che . % % 06 110% ‘108 u% % a a e Cities Service Corporation 4= caa> S S o |Mamet SIS o n oo Can W B e y pr pf. % e > D Am Can a% 3% | Maxwell Motor. « . : : Am Cotton W% % President Accepts lnvita- |A% Siics toa: 1% e 2% = 4 STLT ji Am % w4 W% tions of Local Men. Am % o . A. FLEMING, s A% BESE AL Am Ship & Com. [ o ax Henry L. Doherty, president of|am Smelting. ... .. a n 2 Cities' Service Corporation, has ac-|Am Smeltipg pf... 6% 1% 1% cepted the invitation of the District|Am Steel Fdy. 0 82 ::‘ Bankers' Association to attend the i:g::flr"dv & 2% L convention at White Sulphur and will | gz B8 sg---- - (¢ 2% 81 be the principal speaker on the first| Am Sumatrs...... §8% 5% ¥ 19% session of the convention. g;.uhu.. . I4% ms.m‘& L R : i :“ : 3 with wide obacca. ... 124% 124% 124! K . There B"ffi“d‘”‘flfw"‘ e My Do.|AmTobacco (B).. 122 123 122 13 |NovaScotiaSteei. 3 » 2 2 and diversified interests as Mr. oo, %% 2% T2% 7% |Oklahoma Prod... 2% 2% 2 2 herty’s, scattered as they are all over| anaconda.. 9% @ 3% 4 |OtisElevator. e e e the country, in many of the leading Dry Goods... 30% 30% 30% 0% OwensBottle..... 81% 3% 1% 31% cities. and he should be well qualified | . 0o 9% 9 9 9 |PacDevelopment. 13% 13% 13% 3% to taik in a mos( enlightening man- | 2540, Oll- b 0% 5% ner on the business problems of the |QHAMAR. oo~ o AR e e may - Soy o wm sy other sdblecs e RS | astanue Guie B K o% u% Chairman Walson of the convention | atlantic Petrol Wh M4 % 8% committee has been heretofore disap- | Baldwin Loco. ™ 1% % U pointed in his efforts to secure prom! s as a 2% B nent speakers by previous engage-|BethSteel (B).... §6% G6% - 66% 0% Wh ments, and the urgency of the de-|BethSteel3%pf...100 100 100 100 |PhilaCompany... & 32 2 8 mands of business and government|Bklyn Rapid Trn.. 12% 1#% 1z 12 | Phillips Petroleum 2% 2% 2 . 2 service on the people suggested. Bkiyn UnionGas.. 69 6 6 69 |Plerce-Arrow..... 21% :2% 1% 22 Mr. Doherty is decidedly anxious to] gy vte Sun iol " 18 13 [ 3 |Pierce-Arrow bf.. s s & & attend the convention, and. in vield-| o,y 00rnia Petrol.. % 0% 8% 8% 8h 8K 8% ing to the invitation of the bankers, California Pet “' 5 0% w 3 6 @ was forced to make changes in his a Pet pf.. 5% 7o . her engagements. | Central Leather... 36% 37 7 60} 60% 60ty plans, postponing other engag s. | C! = i Cerro de Pasco. 2% 7% 2 » B > e s Chandler Motor. \ 63 a2k o 2 2 The local stock exchange Was|Cpes& Ohlo... % Bt 0% 30 30 closed today, the first Saturday of the | Chi Great W pt e % a% @% 8% summer adjournment. There will be|Chi Mil & St P. i 3% 1% ISk no Saturday sessions until October 1.|ChiMil & St P pf. % W UK Calls for More Millions. Chi & Northwn sk R"‘“‘“«""T’”"k{’ Pt = ing | Chi R 1 & Pacific. 33 | Rep Iron & Steel. . 1 6% 65 Secretary Mellon this morning |CpiR 18 P 6% pf % | Royal Dutch. . 9% B8 59 called for the payment on’ Tuesday |Chile Capper. ... 11s | StL & San Fran S AN 2 UK next of $15,150,000, evidently being a | Chino Copper. 2 |StL&SanFrpf... 3% 3% X 3% little careful of his only remaining |Coca-Cola wy |StLouisSownpf.. W 3% ¥ ¥ credits with the banks arising from [Colo Fuel. 2 |SantaCecillaSug. 2% 24 24 2% the sale of Treasury certificates of | Colo & Sou 3 |Saszon Motor, OO 5. ICol Gas,ov. .. Seaboard Air % 6% 6 6 This fund is now reduced to about | Col Graphophone Seaboard ALDS... 0l 10% 10% 10 $30,300,000, which will have to last|Cons Cigar. . Sears Roebuck.... 76 763 16 6% until the 15th instant,_if an extra|Cons Cigar pf, Sears Roebuck pf. 104 104 104 104 certificate issue is to be avoided be-|ConslIntlCal Min. 4% & 4% 5 |Seneca Copper.... 16% 16% 1s% Is% fore the 15th instant. Cons Textile. 18K 1% ISk 1ot Shell Trad & Tran. 42 2% % 12h While the amount of the draft is|Cont Candy 1% 1 1 1 |SiclairOil....... 23 2 2% 2% small, the continued twice-a-week |~ loss-Sheflield 4 % Corn Products. 6% 6% % 6 e el Gateli Ll e dl'lwilll‘gs from the banks is having Cosden &Co...... 30% 0% 29% 30% Sloss-Shetticld pf.. 73 3 i 73 :n "lll(se'.lenin: effect on the money Crucible Steel. % 61 64% 66 |Southern Pacific.. 76 7l T % R Cuban-Am Sugar.. 19 19 18 18% | Southern Ryilway. 20% 21 20% 21 treet Notes. Cuba Cane Sugar.. 4% 14' /2% 13 |Southern Ry pf... 4Th 474 4T% 4% Banks are said to hold $40,000,000 | Cuba CaneSupf... &k &% 8% 8s%|StandOlof NJ... 1i2a 2% 0 10 loans on Cuban sugar. It is esti-|DavidsonChem... 3 33 33 & |StndOINJpL... 1064 1064 106% 106% mated that there are 1,322,000 tons of [ Denv & Rio Gr. 6 NEa s s | StemartWarmes. . i20n Siai i Al sugar stored on the island as com- |Denv&RioGpf... th 1k 1% 1% Stromberg Car Dared with 661,000 tons a year ago. |DomeMines...... 18% 184 18% 1si | Studebaker... The Credit Men’s iation, In con- | Endicott-Johazon. ¢ - &% @ ek BolimacineiBant ‘vention assembled, go on record as ex- | Erie....... 1 1% 14 |SuperiorOil. pressing a_ decided improvement in | Erie 1st pf. 0 2 19% 2 |TennCobper. business conditions. -Famous P % 6% 70 |TexasCompany Union Pacific earned $12.90 a share | pisk Rubber, 8% 1% 13 on its common stock for the year 1920. 15% 18% Gross revenues were $209,049,510, against 1% $177.447,698 in 1919. Every item of 1 1% s, | Trans Contl revenue showed an increase, nor was|Y 6% 6 e | o OI the net saved at the expense of main- | $en Asphalt pf. 8 %8 8 | acinc. tenance of way or equipment, this being | Gen Cigar. . 6 6 B6 | o:on Pacific pf the exception with other raiiroads. Gen Eleatric. ... 134% 134 14 | Union Pacific p . Standard Oil dividends for the second | Gen Motors. 10% 104 10 1oy | United Alloy Steel. 25 26 quarter of 1921 total 329,135,135, Stand- | Goodrich. 3% Y% % ses|United Drug...... s adl ard Oil of New Jersey paid $8,358.756, | Goodrich pf .78 1 1 18 |UnitedFruit -10%%: 101% the same amount as for the correnpond- | Great Notthern pf. 6% 69% @9y oy | UDited Retail Strs. 5sta 68% ing quarter in 1920. Standard Oil of | GyantanamoSug.. 8% 8% 8% &5 19% Indiana has just added $40.000.000 to|GuirStatesSteot.. 3¢ 34 25 1% capital stock. 23 Sears, Rocbuck & Co. estimate tnat | Hapkell & Barkor. &% 6% 8% U S e the decline in prices of commodities is | HOUSton Oi} % 15 66 6% ;S Rubber 1t p. 1005 10015 responsible for an apparent loss in sales | Hupp Motors. L% % 1 n%igggely i R St Illinois Central... % .90 % % tael . Fisg ot Lower steel schedules are expected in | Indiakoma. . 8% 64 sy gy |USSteelnt. s July, with probably lower prices for | Inspiration. MU ma o3 sy | Utah Copper : automobiles. InterboroMetro... 4 ¢ 4 4 |vesadiumCorp... 0% 0% Greene Cansmea Copper Co. InterboroMetpf.. 1% 1% u¥ 1% |veCarChem.... =% = Greene Cananea Copper Company | Infl AgTIChempt. sl % a4 % |yioCar Chem Pl T T8 carned $L12 a share last year, com-|jor) Mof Marine. . teu. o o %%|wabash. 3% 8h pared with §2.20 a share in 1919. The | Intl Mer Marine pf 49% 0% a% "f‘ Wabash pf 2 mines were ‘worked on a reduced scale { 1nt1 Motor Track. . o Wells-Fargo Exp. 62 6 until January 15 of this year, when they | [01) Truck 24 pr 32%| Western Md. 0% 10% were closed. A certain amount of de- [ 1] Truck 2d pf. % 0 @ | Western Pacific.... 2%z velopment work will be undertaken and | 10t} Nickel. v W% WM estern Union.... 5% 8% the property kept in condition against |1atlPaper $6% 6% 64| Wheeling & L K. the time when the market will warrant | Intl Paper (sta). O Soenad e I resumption of production. Invincible Oil S5 s gk g Whesling & LEpf 16 -, ie Last vear the company produced 43,- | Island Oil. 3% 3% 3w sy | Whiteblotor....... % 3% 672,939 pounds of copper, 1,778,617 ounces | Jewel Tea 8 8% 8 g |WhiteOil. L) of silver and 10,089 ounces of gold. KansasCitySou.. :1% 2% 1 27 | Wilson Com; SRRl T The company has a metal inventory | Kelly-Spring Tire. 3% 8% a1% s, | Willys-Overland.. 8k 8% at cost of nearly 97,000,000. Cost of necott........ 20 0% 20 20| Wilys-Ovidpf.... 3% 35y gcopper production was 16.304 cents a|KeystoneTire.... 4 M4 14 14 | WOrthington Pmp. 8% % % 1% pound. Lackawanna Steel 45% 5% 5% 4% HOURLY SALES OF STOCKS. NSATIONAL UPTURNS Lee Tire & Rubber 2% 28% 2% =%| 1lam 1330 12m. 344 000 onto o A1 MARKET| TODAY’S BOND PRICES CHICAGO, June 4.—Sensational up- g tarns this week in the price of wheat | Noon prices reported to The Star over direct | SHORT-TERM SECURITIES. have resulted largely from a belated | New York-Washington wire by Bedmond & Co. (Reported by Redmond & Co.) settlement on the part of a few stub- | City of Paris 6s 1921... .om | q born bear speculators in the May de- | French goverament 8s .w | e T s os liverg and from blg cuts in the esti- | Government of Switzerland 8 102% | Amecican Thesd Co 98 mated yield of the 1921 harvest. An |y R 9614 | American Co. extreme jump Of 171; cents formed | Ki2SUom of Belgium 713, © 3% | American 1 97 the record during one session. Com- | U: K. of G. B. and Ireland 5%s 1921.... 99% | American 2% pared with a week ago, wheat prices of G. B. and Ireland 5%s 1922... 9713 | Anaconda Copper Gs 1929.. this morning were 9% cents to 10|T. K. of G. B. and Ireland 5i5s 1929... 803 | 40Elo-American Oil 7igs 1035.. 2 cents higher, corn was up % cent|U.K: of G B. and Ireland 3i3s 1997... 84% | Armonr & Co- 7e 1360, » to 1% cents, oats, %a} cent to Amer. "Tel. and Tel. conv. 6a. Bethlehem Steel 7s 1923. 98 cent, and provisions, 21 cents to 30 |Armour & Co. 4% + 78 | Canadian Pacific 6s 1924 ooty »| Atclison, Topeka aid Santa ¥e géa’4a: T4% | Gintral ‘Argentine B 197 H 3 Mistaken theory that big recelpts | Atioee Tomsie Go. 5 i, | Ghicaro, B L & Pacisc e st sy 974 which were looked for at the end of | Baltimore and et | TGOk Bt o . May must mean lower prices in the | Baltimore and Ohio 6s. B34 | GO Bort” 10018 wheat market, was chiefly responsi- | Baitimore and Obio S. W. Div.'di4s. . 78"’ | COPDCT B3bort % ble for the week’s wildest fluctuation. | Bethlebem Steel retd. Gs. 81% } Copper. rt 100" The big receipts came, but they | Jenadrian Ner. 7s 1940 10014 | Copper Exgort 100 Central Leather 88% | Cuduby Packin ve;ofneed!ehd to meet export demand | Central Pacific 4s 1949, it PRy 84 and for other more urgent purposes | Chesapeake and Ohio conv. 3 u i {jan to settle pit dealings, unless at | Chesapeske and Ohio gen. 4% 7ag | G018 Ol Corparntion 1s dsgs. 3 almost prohibitive cost. Another | Chesapeake and Ohio conv. S1% | Hocking Valley 6e 1 2 crisis in the market quickly followed, [ Chi. B Frs 99510 | Humble Ol 7s 1923 98 owing to statements from a leading | bl Milw Sl Kennecott Copper 781930, G ey authority that the probable domestic | Gix T 1930, . nrns Lisgett & Myers Tob. G 1 o harvest “of winter wheat this year | (hi R T and Pacide retd Frocter & Gamble'Ts losa . W% % would be 559.000,000 bushels, a fall: | Chicago Union Station Procter & Gamble 7s 19231 0813 1oo ing off of 29,000,000 bushels or more, | Consolidated Gas R. J. Reynolds Tob. fi%. 985, compared with a month ago. With | Delaware and Hud Sea: iy 993 only a scanty reserve of old wheat in | Etic gencral lien ds %81, veiy sight, the July delivery was at once i Goodyear Tire and Rubber Co. 85 1941 g 26Y in such eager demand that the price | oo Tt 7a Her" s 8 jumped 9 cents. Subsequently, other | lllinois Central 5%s . 8 9615 radical, bullish crop estimates caused : International Mercantile WY Wiy further gains, but then a reaction fol- | Inter. Rapid T{,-:;hu}-t o 934 84 lowed, partly owing to lull in ex-|Louisville and Nashvilie 7s 1880. - Ie . 985 98 port call. partly to improved weather | Miztourl Sitine general. i Western. Electric s 193 100 100K conditions, and partly to arrange- C Wes! “E. . 78 1 ments for immediate opening of trads e e R D e A in the September delivery here. Corn and oats were steadied by the readiness with which elevators and hern Pacific. da. IN INTEREST OF HEALTH.. shippers absorbed immense. receiDts ' Norieey utor Gar Co. 86 981, T of corn. 53 1908, Bill to"Control Social Diseases Will Be Urged at Hearing. Favorable action on the bill in Con- Bress to control social diseases was taken by.the committee on legisla- tlon and law enforcement of the So- cia] Hygiene Society of the District of Columbia'at a meeting held last night in\the boardroom of the Dis- trict building. Action was algo taken to obtain speakers in support-of the at the ‘congressional hearing Thursday morning at 10 o'clock. Among those who will speak in support of the bill at that hearing Dr. W. C. Fowler, District health Mine C. Van Winkle, woman's bureau, police department; Dr. B. T. Woodward, chairman, pub- lic health committee, Federation of Citizens’ Associations; Miss Janet Richards, lecturer on public ques- tions; Dr. W. 8. Ufford, secretary of % Askeq, | the Associated Charities; Mrs. Lyman 18 | B. Stormstedt, prepident. Woman's 975 | City Club; Rt. Rev. C. F. Thomas, 3% jrector of St Patrick’s Chutch; Mrs. 8 | Maude Wood Park, chairman, Na- i3 | tional'League of Woman Voters: Dr. George M. Kober, president, Soclal Hygiene Society, and Col. W. O, Owen, chairman, legislative committee of 2 ge8y | iEs¥s the Social Hygiene Soclety. COTTONSEED OIL STEADY. NEW YORK, June 4.—The’cotton- Seed oil market closed steady. Prime summer yellow, 7.70; prime crude, 5.25 a5, Q; July, 7.61; August, 1.30; October, 7.87; Des “mber, 7.86; Janu- saies, 12,800. #NO QUORUM; NO DIVIDEND, NEW YORK, June 4—Inabllity to obtain & quorum of directors.of the Calymet and _Arizona Mining ym - pany today ‘éau: indefinite post- pansment of action on the current quarterly dividend. Three months ago this dividend was™ iced fro; 1431 tb 50 cents a sh the company’s plants oS RALLS AR FIRMIER: SHOWLO 4| Advances in Atiantic Coast '%| and Louisville & Nashville .- “Help Rails. BY 8. P. WEST. B ‘WALL STREET, N. Y., June 4— For the first hour of the market this morning the same sort of bearish tac- tics were employed against the share listeas on preceding days. A number of industrials were driven down to flew lows, among them most of the oils, some of the sugars, the Pierce- Arrow igsues among the motors, and Rubber, Harvester and Corn Products among 'the specialties. While these declinea were going on the rails held steady and attention was finally attracted to a spectacular jump in.Louisville and Nashville and in Atlantic Coast Line, the former selling ten points higher and the lat- ter eleven points higher than their recently phevailing prices. The sug- gestion that some distribution of treasury assets in the shape of a cash -or stock dividend might be in pros- pect for Louisville and Nashville had a stimulating effect an ‘the entire raflway list and helped to stiffen up the general market. In the last hour there was an ir- regulag recovery as short .contracts were covered, and parts of the mar- ket seemed to indicate an oversold conditlon. * Sterling Weak. Another very sharp fall occurred in sterling_exchange and had an unset- tling effect upon continental rates. Sterling was carried down even below the bottom reached on the first down- ward plunge, which accompanied the German reparations financing. The movement was again explained as be- Ing due to long-range preparations for the next installment on the in- demnity payments. The demand for American dollars on this account ap- pears Mkely to outweigh for some time to come the factors working for recovery in exchange rates. Ofls Under Pressure. Oil stocks bore the brunt of attack by the professionals at the start of toduy’s short session, and the whole 8roup of American oiis sold off rather easily, - being led on the decline by California Petroleum and Pacific Oil. Both of these issues, the latter of which is reported tocfurnish the in- dex of Standard Oil buying, declined 50 rapidly and easily that it looked as If support had been withdrawn. It has been rumored for some time past that Standard Oil interests were heavily ‘interested in the Pacific Oil Company, and that they had been add- Ing to their holdings on the way down. Many reports have been circulated about the dividend that it is expected will be paid on Pacific Oll, the latest of which is that the stock will soon be placed on a~$3 basis. As to a possible dividend on Cali- fornia Petroleum, reports continued to be circulated that the stocks will be placed on a 6 per cent basis at least. " |FEDERAL COTTON REPORT NO MARKET STIMULANT NEW YORK, June 4.—The feature in the cotton market during the past week the publication of the gov- ernment first condition report of the season. This was very closely In line with the average of private re- ports previously issued, however, and failed to stimulate the market. Evi- dently its lack of bullish effect was & disappointment to scattering hold- ers of contracts and there were re- actions ~following its publication, Realizing or liquidation was.promoted by reports of favorable weather In the south, the continuance of the Brit- ish labor troubles and a feeling that holders of spot cotton fn the South were willing to supply buyers on comparatively slight advances. Other- wise, however, no selling pressure was ' reported 'and the market was very quiet toward the end of the week, with the undertone steady. The, government report making the condition of the crop 66 was fully ten points below the ten-year aver- age. It gave no figures on the acre- age planted this year or the indicated crop, but the private reports which had ‘made “the condition 65.6 on the average pointed to a reduction of 20.7 per cent in acreage and placed the indicated yield at only 7.500.000 bales, The opinion is expressed by local brokers that the market has not yet accepted such low figures as a serious forecast of the yield, and recent bet- ter weather has encouraged the hope of some such imprgvement from the late start as that which occurred last season. —_— U. P. INCOME DROPS. Year Less Guaranty. . NEW YORK. June 4.—The income of the Union Pacific system dropped from 13.69 on each share of out- standing- common stock in 1919, to 12.90 in 1920, the company's-annual report shows today. In 1919 there was $34,419,213 worth of common stock outstanding, as against $222,293.100 in 1920. The report aiso showea that the total’ net operating income of the properties covered by the guaranty for the six months following the ce: sation of government control was $34,661:444 less than the guaranty. of, q, July 1 — T FINANCE AND TRADE NOTES. Exports to Germany for ten months ended April last were valued at $330,- 498,000, compared with $101,627,000 for'the ten months ended with April, 1920. In the same period the value of imports from Germany increased from §31,696,000 to $77,341,000. Despite the general depression in British export trade the exportation of machine tools is setting new records, ‘Exports from Alsace-Lorraine to the ‘United States for the first quar- ter of 1921 were valued at $667,179. Thread was the chief article of com- merce. The new Brazilian colfee crop is estimated at 7,104,000 bags, of which the state of Minas Geraes is expected to supply 600,000 bags and the state of Sao Paulo the remaindér. In working to secure trade in Syria German houses are circulating cata- logues printed in German, English, French and Italian. s +Reporting from Prague, Consul Wi-| nans says that while importation of shoes is : forbidden by Csecho- slovakia at present, even if it were not, American snoes could scarcely comipste with' local jnakesowing o depraciation of e crown in terms of American dollars. The_ United States bureau of foreign and domestic - commierce. will shortly establish a new district office at Ma- nila to facilitate the promotion of trade between the Philippines and the United States. : Despite obstacles.in the way of the réesumption of German trade in Syria, German exporters are. mak quick deliveries, ‘and because of t ex- change conditions ~ their goods' are finding an open.market in'Syria. American exports of steam locomo- tives jincreased from- 491 in 1913 to 1,711 in 1920. jod _the ° value incre 4,475,000 to $63,629,000.. - 5 R e HAR ‘SILVER' QUOTATIONS. /NEW - YORK, 'June “4.—Bar silver, domestic, - 93% ; : forefgn, §7%; “Mex. ioan dollars, 44%. : ' LONDUN, June 1O A T4 4}2""".".‘6‘{ pence ounce. per Discount rates— Sho "Bills;. 5% ;per cm',.; 3 months’ bills, $%a5 9- y same from Czechoslovak | " in gnumber | T o T and Live Stock GRAIN AND PROVISIONS. BALTIMORE, June 4 (Special). Potatoes, white, No. 1, per 100 poun 1 50a75; cobblers, 50a75; McCormicks, 2, 28;. new potatoes, per Grain, Produce LOCAL WHOLESALE MARKET. Eggs—Strictly 28; ”“mm. o y resh, per doz., Live poultry—] xs, per 1b., 20; ooste; turkeys, per lb. 30a33; chickens, spring, per 1b, 45a50; hens, per Ib., 26; keats, young, each, 60ail ick- ens, winter, per Ib., 35a40. Dressed poultry — Fresh-killed .pwrlng chickens, per 1b., 50a55; hens, r 1b., 32; roosters, per lh., 22; tur- 35a38; chickens, winter, 3.50a7.00; pearl_ and wax, '00; beets, per 100, 5.00a7. dozen, 2.0023.60; - corn, Keys, per 1 per ib., 60aSi Pork—Dresged, small, per 1b, 15: medium, 13al4;” heavy, 10a13; live, g { 15a1.50; spri; onions, - per 100 bunches, 50a85; cucumbers, parvns k:!. .0024.50; peppers, per crate, 1. Spinach, per bushel, 60a75; peas, pér basket, 1.25a3.75. - i Tomatoes, per crate, ishes, per 100 bunches, berb, per 100 bunche: 5.00; ples, per barrel, 3.80af per box, 1.7583.75; oxgnges. Per box, 3.50a6.00; grapefruit, pér los, 3.00a5.50; black- berries, per quart, 18a25. £ Strawberries, per quart, 12a24; raspberries, per pint, 12.415; cherrie, ] per quart, 10a25; cantaloupes, per box, e, 1.00a2.50; Live stock—Calves. choice, per 1b., 10; 1ambs, choice, per ib., 12a13. Green’ fruits—Apples, per f0.00; western, per box, 3. : Gallfornie lemons, per box. €00a850 00 Californis orang per crate, 0: 6. Florida ora! per crate, : grapefruit, per crate, 5.0 rawberries, 15a32 per qt. Vegetables—Potatoe; per bbl, 1.25a1.75; northern, 1.60a2.25; new southern per bbl, 3.00as No. e o- 3 ] 4.00; yams, per '5.0086.00; " lettuce, nearby, ber 75a1.50; celery, per doz. 1.00a nearby, 1, sack, tatoes, bbl., 2.00a3.50; peaches, per ci watermelons, each, 25a] Clesing Prices. ‘Wheat—No. 1.71%; No. spot, 1.53%. and July. Sales—Five hundred bushels of bad- ly damaged néarby. at 1.05 per bu.; bag lot of nearby by sample at 1.35 Pper bu. Corn—Cob, bbl., 7 %; No. or better, 77% per bughel. Sales—190 bushels whart at 70c per bu; 2,800 bushels of No. 2 yellow at 78% per bu. Rye—Bag lots of nearby rye, as to quality, 1.20a1.30 per bushel weste! crat 2" red winter, spot, 2 fed winter, garlicky, No quotations.on Juns 1.50; Romaine cymblings, per crate, ach, per bbl, 3.0024.00; kale, per bbl.. 1.00a1.50; peppers, per basket, 1.50a 3.00; North Carolina peas, 1.00a2.00; Texas onfons, 2.00a2.25; new cabbage, lettuce. 1.2522.50; 0a2:50; spin- per crate, 1.00a2.00; 25.00; eggplant, per crate, tomatoes, per -bex, 3.50a5.0 Carolina asparagus, per doz. 5.00; nearby, per doz., 1.00a2.25. cucumbers, 4.00 0023.00; North 2.50a new, yellow, 3.90 per in car lot contract corn, spot, %; track, yellow, No. 3 4. 71 DAIRY MARKETS. of white at BALTIMORE, June 4 (Special).— Chickens—Live springers, per pound. 40a45; white leghorns, 38a45; young winters, 40a45; old hens, 25a27; old roosters, 15a16. Ducks, per pound, 26a32; spring ducks, 35a3s. per pair, 40. Eggs_(loss off)—Nearby, strictly tresh firsts, per dozen, 24; southern firsts, 22a23. Butter—Creamery fancy, per pound, prints, 30832; nearby ereamery, ladles, 18a21; rolls, per pound, 16 dairy prints, 18a20; store packed, : No. 2, export, pot, 1.67% per bushet; l%zperhlimuhel: N ., white, 50 asked; No. 3, sked. o Pigeons, -No. 1 timothy, nominal; stand- ard timothy, 22.00a22.50; No. 2 timoe thy, 21.00a21.50; No. 3 timothy, 14.00a 0; No. 1 light clover mixed, 20.008 No. 2 light clover mixed, 15.00a : No. 1 ciover mixed, 18.0¢ 00. 1 2 1 No. 2 clover mixed, 14.00a17.00 REVVAL O TR 15 SHOWN CABINET President and Advisers Get ‘Reports of General Im- " Therp, is an evidence of a general [revival of trade and industry, accord- Ing . to. reports. made known to the cabinet during its meeting at the ‘White was learned afterward that the cabl- net is well satisfied that the natiom now is oh the way toward getting back to “normaicy.” ' It was made known to the President and his advisers that the industrial # |situation has progressed much faster than that affecting agricultural pro- duction, however, and for this reason much attention will be given to the relie There has been a_heaithy increase in the American export trade, according to these reports, which the adminis- tration leaders say will serve well to aid in stimulating all of the produc- tive industries @and bring relief from the depression that has been_existing for more than haif a year. with these reports came the knowl- edge that lower rediscount rates in "The cabinet at this session gave practically its entire time to the con- ! Jire, demand, 5.14: cables, 5.16; marks, sideration of the economic problems|demand, 1.5 of the country, the principal matter for discussion being the railroad transportation situation. It was learned authoritatively that the Presiden the information he has recently re- | CONSTANT PRESSURE ON STOCKS ALL THIS WEEK - NEW YORK, June 4—The stock market was under mml it "mm " representative ghares los- - ing 5 points, while issues of less importance sustained declines of 5 to almost 20 points. Belling for both accounts was at all times in excess of the moderate buy- ing power, which was limited to some of the dividend-paying rails and those industrials which have w. financial difficuities. Further revision of estimates deal- ing with financial, industrial and com- mercial conditions were attended by additional dividend suspensions or re- ductions, these in a few instances coming as a shock to investors. News dealing with general trade, especially as applying to steel and * iron end the motor industry, with its numerous ramifications, offered little ground for encouragement, and the wage reduction fixel by the United States Railroad Labor Board prompi- ed fear of fresh labor disturbances. - Call money rose to 8 per cent, the highest quotation in almost four months, on perceptible curtaiiment of. ofterings and banks reported steady ! depletion of time funds for legitimate lll ‘well as speculative requirements. provement. House offices yesterday. It Rejection_by the British miners of that government's latest overtures renders the international remittance situation more obscure, exchange ou,. London showing especial weakness which extended in variable degree to most continental centers. . —_— MONEY AND EXCHANGE. NEW YORK. June 4.—Prime mer- cantile paper. 6%21; exchange weak; sterling sixty-day bills and commer: cial sixty-day bills on banks, 3.803; for agricultural producers. ‘Together the federal reserve banks of theicommercial _sixty-day bills. 3.80%: country are materializing. fdemand, 3.85%: cables, 3.86; francs. Eeenomic Problems Considered. demand, 8.21; cables, 8.23: Belgian frapcs. demand, §.2 8. guilders, demand, 34.00; cables, 34.1 cables, 1.55; Greece, de- 5.92; Sweden. demand, Norway, demand, 15.10; Argentine, demand. 31.50; Brazilian, demand, 13.50; Montreal, 111-16 per cent dis- coun Government bonds, firm! railroad - | bonds, steady - mand, is well pleased with r, 24a25, ceived to the effect that the Inte At L 11.00a13.00; No. 1 clover, state Commerce Commission is m-kd——————— No. 2 clover, 12.00213.00; 'No. 3, 10.00a | ips comsiderable progress in its & 2 CURB_STOCKS. 11.50; sample hay, 10.00a14.00. O wiiling out & setistactory revis: ] Quotations furnished by W. B. Hibbs & Co. Straw—No. 1, nominal; No. 1 straight | ion of railroad rates. The commis- - —Close.— |rye. nominal; No. 1 tangled rye, 17.00; | slon, it was made known, is devoting Bid. Asked. | No. 2 tancled rye 16.00; No. 1 wheat, | its attention primarily to a restora- Aetna Explosives 10 11 [14.00214.50; No. 2 wheat,’' 13.00a13.50; | tion of rate relationships, and reduc- oil 4 5 |No. 1 oat, nominal, 15.50216.50. tion in commodity rates, where such . rates have blocked or threatened to CHICAGO, June 4.— l“'ll!‘.\‘l‘— A Rig Heart Big Ledge Carbon_Steel g Carib Syndicate Carib Tradl 2 ¥ >> T > BE 5 2 9 : 3 13 & i 8 UBERTY3T2SFRW: WALS ARE LOWE NEW YORK, June 4.—The most in- teresting happening in today's bond market wad the further abrupt re- 4l covery in liberty 3%s. From their low 121 | record price of 86 on Thursday. these 317 | bonds rallied to 87.90 last night and to 85.90 today. The fact that the re- 3 |cavery was quite as rapld as the pre- 103, | vious decline indicated-that the down- 14% {ward movement’ had been due to the 1518 | liquidation for speclal reasons of cer- 3% |tain large holdings, with the rally fol- a |lowing promptly the completion of 28 |this selling. Other liberty issues and the victories prere heavily dealt -in and ended slightly lower. . The reaction In Mexican issues con- tinued, with the -5 _per cents down £rom 49 to 481; and the 4s from 37 to 363%. The new French 7l:s held at their issue price of 95 and the French 8s were dealt in at 99. United King- dom 515 of 1937 were a shade firmer at 54% and Republic.of Chile &s rai- ed = half.point to 9. Rail Isswes Heavy. Rallway bonds were again some- what heavy. The new Chicago and Northwestern 638 sold at 97%, against 9§ yesterday. Denver and Rio Cities Service pfe Colonial Tire Columblan Emerald . Columbla Syndicate . Consolidated Copper Davis-Daly . Nominion 0il ‘ s 1, Per crate, 2.00a4.00. Cabbage, per &érate, 1.75a2.25; kale, per bushel, 40a80; leituce, per bushel, a Pa Indian Pack: Intercontinental ner . ing. Merrite 0Ll Midwest Oii ‘com Midwest OIl prd. Midwest Refinin > * Radio_pfd. 2 37 Ray Hercules £ 3 = ted " e 13| Grande Consolidated 48 came down B Crenk Productog - 0 | nearly a point to 63%. St. Paul con- ¢ 1y vertible 58 were offered rather freely at around 65%, and Rock Istand re- $x ! funding Is‘mld‘f 2 new 1|ouw aor the I = - {year at 63%. Unlon Pacific first 4s e e aaaties EDy | recovered a Haif point to 6935, A new low was made by Cuban American Sugar Ss, which broke par and gold down to 99%. this in gym- pathy with the weakness in sugar stock. Cane convertible rallied from | their low of 76 and 77% and retained | Tonopah Divide Tonora ’ part of this gain up to the end. md-l H i { Tonopah _Extension . United Fastern . - ) B Aty L Tt N PIPPRorsIe - 1y SRR EIES AR i “|vale Steel 55 sold under 7. Du- quesne 6s were again in good demand and got up to %0';. Chile 75 were a half point higher at 93% Vright Aero CHICAGO— Armour Leather com. — 5 [ ATmos: Lesther pd. e NEW YORK BANK STATEMENT. Cudshy 4‘4 NEW: YORK, June 4.—The actual = 1% 3. |condition of clearing house banks and B 967 gers | trust companies for the week shows 8% 48| that they hold $25,094,590 reserve in 427 43| excess of legal requirements. This is an increase of $13,293.360 from last FOREIGN BONDS. = s Quotations furnished, by W. B. Hibbs & Co. Safest and Most Satisfactory Invest- ‘ment Securities Are FIRST MORTGAGE - NOTES Which Will Net You Interest 7 %0 lners I rof 58 Belgian Rest. 53 T8 e e A DI TR Free from the worries of risk erm or loss, conservatively secured —_——— on improved: city . property. OUTLOOK FOR WHEAT. Guaranteed _titles furnished with all notes. Property in- sured against loss by fire. We attend to collecting and remit- ting interest the day due. No'Expense te Investor Call Main 98, Loan Dept., for Complete Details Wm. S. Phillips 1409 New York Ave. Money to Loan Securtd by First Deed of Trast on Resl Bouate. . Prevalling interest commiesica. Joseph- l?'\b'eller [l CHICAGO, June 4.—The Modern Miller says: “Recent hot weather forced winter wheat too rapidly in a number of sections, but rains were of general benefit. Harvest has commenced In the southern edge of Oklahoma. The crop is heading in virtually-all states and blossoming as far north as central Ilinois. The general . promise s still good, with || progpect for a crop larger than last i i but the loss in May was ma- ‘The condition of spring jvheat is good. ‘Weather has been favorable and forward growth of the crop well maintained. Some decrease in acre- age is indicated.” EQUITABLE . Co-Operative Bailding Organised 1879 41st YEAR COMPLETED Thousands have adopted the arstem- - atie saving plan’ of the Equitable and - been. enabied to homes. - Join . mow and save ‘each pay day. ".'EQUITABLE, BUILDING . . e1ISFSLNW. © JOHN JOY EDSON. olock the movement of traffic. How-| wver, there is believed to be no pros- pect of an immediate or general re- duction in freight rates although the administration has every assurance that the problem is being met and that the necessary way. NEW YORK, June 4.—Dun’s review of trade says. “Another month has passed without general recovery in business, but con- | ditions are steadily working toward | stronger Changes that are essential to revivai} aave long been in progre {is hope that a more deci the better will be witne: ending of causes for hesitation. the present sit- uation is marked- by waiting in many quarters, defer important action until sary tended. Vhile cxceptions to this policy ap- | pear in certain instances where liqui- | dation has seemingly been complc(ed.| the attitude of most buyers is reflect- | ed in their persistent disinclination to operate beyond immediate require- ments, being a factor. That the yielding in some commedities has been checked is evidenced hy the smaller number of i declines in Dun's list of wholesale! quotations, but the prospect of addi- | tional recessions reason fort tfe withholding of de-i mands in not a few lines. i phase is still prominent in the great! iron and steel industry. ! “Weekly bank 331" relief is on the TRADE CONDITIONS. = | make aceidents more fre- basis. | quent. " and sounder and there | ve turn for d after the special Our automobile insur- ance policies give absolute protection, and besides re- lieve vou of all worry. summer. the disposition being to neces- readjustments have been ex- | The cost is reasonable when you consider the risk involved. B. F. SAUL CO. Automobile Insurance 934 N. Y. Ave. NW. future price- considerations as a is assigned and this clearings. $5.70; 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 for the peaks of extraordinary winnings with equally extraordinary depjessions. 1f you own our First Mortgage: Notes on improved Washington real estate you stand on the middle ground of safety. Swartzell, Rheem & Heisey Co. 727 15th Street N.W. Washington, D. C. The Nation’s Home Town 53 Years Without Loss to an Invester Ome of the Oldest and Best Known Banking Institutions in Washiagton The Largest Savings Department of Any 2 Bask in Washington %sm,s:”?-m.lol?.“. Lincoln Said: Capital and Surplus, $685.000 Your Choice of a Bank ‘When You Find CHARACTER CAPITAL ABILITY combined in a bank your connection . with such a Bank will prove a valuable .32-Years Old. Deposits, ss.ooo.obo on Savings Safe Deposit Boxes For Rent A 2 -