Evening Star Newspaper, June 10, 1921, Page 23

FINANCIAL,' THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JUNE 10, 1921.° FINANCIAL. GRAPHOPHONE C0. NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Open. High. Low. Close. Open. High. Low. Close. STOCKS STEADIER TODAY’S BOND PRICES. Noon prices reported to The Btar over direct slncmrrco’nn‘—nonlt:lof‘?e.{'l?l 1925... _New York-Washington wire by Redmond & Co. | Southern acific 1oF el 8. y ot Paris 6 1 90 | Bouthern Rallway gen. 4 Southern Hailway Union Pacific 1st 45 Unlan Pacific conv. 45. Unjon Pacific 6s 1928. s Rubber 5. SAGEING TENDENCY SHOWN IN BONDS NEW YORK, June 10.—Conflicting | influences were at work in the- bond market today. On the one hand. the was the easing of money rates. which normally would have counted more than anything else. On the other hand, however, there was a perskstent | weakness in £tocks, causing deal of unloading of bonds by aught in the decline, and the the depressing influence of the urities. | government and New York state financink, the market was in a more or gested state owing 1o the -to bringing out of syndicate offerings. But this congestion has been ma terially increased by the $500,000,000 i United States note offering, and the $41,000,000 New York bond iss The net result of these factor the trading of the day was an irr lar price movement with a tendency predominating. One no exception was the liberty cents, which at one time were up over | a point on the day and more than points from their recent low. The fact that the recovery has been qui as abrupt as the decline indic that the latter was caused by s liquidation, which, having c followed by a prompt rally. Mexican Gs Decline. Other liberty izsues were unchanged or nearly so, and so wwers most for- eign government bonds..United King- dom 5%s of 1937 werc hvavy at the recent low point of %, and Be gian 6s were depressed by the con! tinued weakness in frame exchangir Mexican 58 came down wharply, bis- cause of the insistence by<the M n government that recognition by Was h- ITglou must precede any -trealy negjpo- tion. Pending the determination by “he New York state courts of aBe validity of the soldiers’ bonus isswe no action was taken upon the condtional |bid U. K. of G. B, American_Tel. Armour & (' Atchiron, Toj Atlantic’ Count Line 7n. Atlantic Refining Co. 6! Baltimore and Ohlo conv. 4 Baltimore and Ohlo 6s. Baltimore and Ohio 8, W. Div. 3151 Bethlelem Bteel refd. 5u. nadian Northwestern 7u 1040, Central Leather Central Pacific 4s 194 Chesapeake and Ohlo conv, 41%; Chesapeake and Olo gen. 434, Chesapeake and Obio conv. Chi., Bur. SHORT-TERM SECURITIES. (Beported by Redmond & Co.) - Bid. American Tel. and Tel. fa 1922, American Tel. and Tel. 0x 1921, American T} fo. O 1028, American Tabacco (o, Tx 1921 | P Chicago Northwestern Chi., Roek Isiand Rethichem Steel 78 1923 Canadian Pacific 6a 1924 Central Argentine fis 1927.. .. Chiengo, R. I. & Pacific x 1922, C.. C.. C. and 8t. Louis 6s 1920, an of Ne 20 Copper Export Copper Export “'A Delaware and Hud; Brie general lien 4s, General Eleetric 6a. Goodyear Tire and Rubi Grand Trunk 7s Ret. Tilinols Central 514, International Mercantile Marine 6s Inter. Rapld Transit 1nt and ref. 5 Louisville and Nushville 7u 1930, Mo., Kan. and Tex. Ist 4 Mimsourl Pacific general 4 New York Central 7n 1930, New York Central deb. 6e. New York Telephone 6. Norfolk and Western conv. .. Norfolk and Western conv. 4x. Northern Pacific 4s. Packnrd Motor Car Co. S 1031, Pennsylvania 5s 1068. Pennaylvania R. R. 8% Pennsylvania 7s of 1930. Pennaylvania gen. mort, Reading general ‘4. 8t. Louis and 8an Bt. Louis and San Franciseo 8t. Louls and Ran Francisco inc. Seaboard Air Line refdg. 4s. Seaboard ‘Air Line adj. 5e. G orporation 7s 1033.... H. J. Heinz Co. Tx 1930. : Hocking Valley 6« 1 Humble 01l 7x 1923 3 “opper 7n 1930 5 ers Tob. 6s 1921. Reynolds Tob. s 1 Roebuck & Co. 7x 192 Roehuck & Co. Ts 1922 Rocbuck & Co. 7« 1923 . Oll 7%s 1925 way Gs 1922 | Routhwestern Rell Ta 1925 Texan Go 50% | Union Tank 39" | Western Eleetric (o 32 | Westinghouse El. & M. Grain, Produce and Live Stock GRAIN AND PROVISIONS. LOCAL WHOLESALE MARKET. BALTIMORE. June 10 (Special).—| Eggs—Strictly fresh, per doz., 27 Potatoes—White, No. 1, per hundred |southern, 26. weight, 50a75; cobblers, 50a75; MeCor- Live poultry—Roosters, per 1b., 20; micks, 50a75; No. 2, new. per bar- rel. 2.00a4.50; sweet. per barrel. 3.50a 7.00; yam 3.50a6.00; beans, green, pearl and wax, per bushel, 3.25a3.50: corn, per_crate, 2.00a4.00; beets, per bunch, 4a7; asparagus, per dozen, 1.50 a3.60. Cabbage—Per crate, cumbers, per box, plant, per crate, 2. - per bushel. 40a50; peas, per basket. 1.00a3.00; peppers, per crate, 2.00a3.00; spring onions, per 100 bunches, 75430 sninach, per bushel, 70a8 per 100 bunches, 2.008250; Der 100 bunches, 5.00a6.00. Tomatoes—Per crate, 1.50a5.00; ap- ples, per barrel, 3.50a6.00; box. 1.75a 3.75; cantaloupes, per crate. 2.00a8.00; peaches, per crate, 2.00a3.00; grape- fruit, per_box, 3.00a5.50; oranges, per bo: a7.00. Strawberries—Per quart, 15a30; blackberries, per quart, 20a25; rasp- berries, per pint, 12a14; cherries, per quart, 10a25; waterm a 1.00; pineapp! elling Prices at Noon. Wheat—No. 2 red winter, spot, 1.721%; No. 2 red winter, garlicky, spot, 1.59%. No quotations on June and Juiy. Sales—Bag lots of nearby by sam- ple at 1.40 per bushel. Corn—Cob, new; yeliow, 3.8523.90 per barrel in carload lots: contract corn, spot, T1%: No. 4, 68%; track, yellow, No. 3 or better, 771 .per bushel. (Qats—No. 2 white, 48%: No. 3 white, Tia. Rye—Bag lots of nearby rye, as to quality, 1.20a1.30 per_ bushel; No. 2 western _export, spot, 1.67 per bushel; Hay—No. 1 timothy. nominal; stand- ard timothy, 22.00a23.50: No. 2 timo- : No. 3 timothy. 0. 1 light clover mixed, : No. 2 light clover mixed, 15. No. 1 clover mixed, 18.00a19.00. . 2 clover mixed, 14.00a1% 11.00a13.00: No. 1 clover. No. 2 clover, 12.00a13 01 % 10.00a11.50; sample hay. 10.00a14.00. Straw—No. 1, nominal: No. 1 straight nominal: No. 1 tangled rye, 17.00; . 2 tangled rye, 16.00; No. 1 wheat, No.” 2 wheat, 13.00a13.50; at, ‘nominal, 15.50a16.50. CHICAGO, June 10.—Wheat prices scored_a material advance today as a result of free buying on the part of houses with seaboard connections. Further unwelcome rains in the southwest counted in favor of the bulls. Besides, there were adverse crop advices from the Ohio valley. Opening quotations, which ranged from 1# to 3% cents higher, with July 1.36% to 1.38, and September 1.19 to 1.19%, were followed by mod- erate additional upturns. Corn lacked support. After open- ing at % cent decline to a shade advance, including July at 61% to 1, the market underwent a gen- eral sag. Oats were weak in sympathy with starting a shade to % cent off, 37% to 37%, and then declining &till more. Strength in the hog market gave lift to provikions. Potatoes, old, firm; new weaker; re- ceipts, 27 cars; northern white, 75a 90 cw.t; Louisiana Triumphs, 3.00 Touisiana White, 2.00a2.30 't: Alabama Spauldinc RoSe, 2.40 c.w.t.; Virginia, 4.85a5.00 barrel; North Carolina, 4.50 barrel. Subsequently wheat profit-taking was much in evidence, and there were conse- quent setbacks. Meanwhile export d mand appeared slow, with foreign e change uncertainty acting as a bearish influence. The close was unsettled, 1 to 1% net advance, July 136 1o 1.36% September 1.18% to 1.18%. .Later, with corn 1adling and country offerings li the hardened. The close was same as yesterday’s finish, % July 62a62% to 62%. WHEAT— Open. July oee 1.36% September ..... 1.19 COBN— July 1% September ... 623 OATS— July .. - September . NEW YORK, June 10.—Flour steady; spring clears, 1.40a7.90. Other articles unchanged. DAIRY MARKETS. BALTIMORE, June 10 (Special).— Poultry—Alive, springers, per pound, 10a1m white leghorns, 38ai5; young winters, 40a45; old hens, 25a28; old roosters, 16. Ducks, per pound, 25a28; spring _ducks, 30a36. Pigeons, per pair, 40. Eggs (loss off)—Strictly fresh near- by, pervdozen, 25; Southern, 23. Butter—Creamery, fancy, per pound, 32a33; prints, 33a34; nearby cream- ery, 29a30; ladles, isa21; rolis, per pound, 16a20; store packed, 15a16; dairy prints, 18a20; process butter, 23a25. NEW YORK, June -0.—Butter, Fasier; receipts, 12,984 tubs; cream- ery, higher than extras, per pound, a High. 1.38% 31 3014 l turkeys, per 1b. 30a33: chickens, Spring, per Ib.. 48a52; hens, per Ib., 30; keats, young, each, 60a75; chick- winter, per 1b., 35a40. Dressed poultry Fresh-killed Spring chickens, per 1b., 50a55: hens, per b, roosters, per lb., 22; tur- keys, per 1b., 35a38; chickens, winter, per Ib., 50a60. Pork—Dressed, small, per 1b., 15; medium, 13a14; heavy, 10a13; live, - Live stock—Calves, choice. per 1b., 0%; lambs, choice, per Ib., 12a13. Green fruits—Apples, per bbl, 3.00a . Wwestern, per hox, 3.50a4.50; California lemons, per box, 9.50a10.00. California oranges, per crate, 5.50a 6.00; Florida oranges, per crate, 6.00 grapefruit, per crate, 5.0086.50; strawberries, per qt., 20a35. Vegetables—Potatoes, nearby, No. 1. per bbl, 125al.75; northern, per southern po- sack, 1.50a tutoes, 3.50a4.50; per . nearby, per crate, 1.50; celery, per doz., 1.00a1.50; Ro- maine lettuce, 1.00a1.50; cymblings, per .00; spinach, per bbl., 3.00a 4.00; ‘kale, per’ bbl.. 1.00a1.50; peppers, 50a2.00; North Carolina peas. nearby,” per bbl. 5.00a9.00; ons, 1.75a2.00; new cabbage, per crate, 2.50a3.00; cucumbers, 4.00 a5.00; cggplant. per crate, tomatoes, per box, Carolina_asparagus, 5.00; nearby, per do: —_— COTTON MARKETS. NEW YORK, June 10.—The cotton market was very quiet early today and prices fluctuated within a range of 4 to 5 points. There was & renewal of July liquidation, which sent the price off to 12.52, but it was absorbed against sales of new crop positions. October contracts ruled between 13.32 and 13.35 during the early trading. Futures opened steady; July, 1 October, 13.35: December, 13.34; Jan- uary, 13.92; March, 14.25. There was a little flurry of local liqui- dation and southern selling later, with October easing off to 13.31, or about five points net lower. Otherwise the market showed no freeh feature, and general business continued very quiet, with just about enough buying of early new crop months to absorb sales against purchases of July z NEW ORLEANS, June 10.—Gains of 2 to 4 points were made during the first call in the cotton market today, but the market soon sagged under coal reports from England. Trading prices went 1 to 5 points under the close of yesterday. July traded up to 1218 and sank back to 12.10. Futures opemed quiet; July, 12.12; October, 12.92; December, 13.36; Jan- uary, 13.52; March, 13.82 Detailed weather reports from Texas noted very heavy rains in that state, twenty-seven stations out of thirty- nine reporting being wet, while ten stations reported _rainfall of from 1 to 2% inches. While this was ac- cepted as likely to increase boll weevil complaints, it did no more than steady the market. LIVERPOOL, June 10.—Spot cotton quiet; prices steady. Good middhng. fully middling, 8.40; middling. low middling, 6.75; good ordi- 5.50; ordinary, 4.75. Sales, 3.000 inciuding 2,700 American. Re- ceipts, 9,000 bales, no American. Fu- tures closed quiet; June, 8.15; July .8.31; October, 8.66; January, 8.86 March, 8.95; May, 9.03. s MONEY AND EXCHANGE. NEW YORK, June 10.—Prime mer-. cantile paper, 614a6%. Exchange strong; Sterling sixty-day bilis and : cables, 33.15. 5 cables, 4.94. Marks, de- 1.46; cables, 1.47. Greece, de- 6.06. Sweden, demand, 22.30. demand, 14.70. Argentina, de- ‘mand 31.25. Brasilian, demand, 12.87. Montreal, 10% per cent discount. Government bonds ifregular; railroad ‘bonds easy. Time loans easier; sixty days, ninety Lire, de- Quotations furnished by W. B. Hibbs & Co. Bid. Asked. Anglo-American Ofl Oo. (zew) Atlantie Refining Go. 950 375 73 a h (‘ununenhl:: oil Co..oc Crencent Pipe Cumberiand Pipe Line. - SSHR or_the $10,000.000 bonus :bonds The remaining $31,8090.000 was awarded in block to a syndicate head- ed by the National City (ompany at the bid of 1¢1.212, and so rapidly were the bonds subscribed for that it wa. given out that fully half the issu was taken within an hour after the opening of the books this mprning. Railway bonds as a rule were clined to work lower, espewcially th. convertibles. Norfolk and Western convertibles were down neardy a point. Union Pacific convertibles were heav. in- ily sold from 52 to 51, and Baltimore | and Ohio convertible 41zs were off a fraction. On the other hamd, New York Central debenture 6= steady, and =o did Kansas Citty South- ern 3s, which were taken ,n large amounts at 55., LONDON WOOL ACTIVE. June 10.—Therp was a e attendance at the wosl.auction gales. The offerings amomnted to 11,755 bales, the demand whs strong and prices were firm. Americans bought a few merinos and ero. breds, while home traders Daid Ss 44 for scoureds. —_— LIBERTY BOND NOON I'RICES. NEW YORK, June 10, Libert bonds at noon: 3% 88.90 5 first 4s, £7.80 bid: second 48. S6.74; Mirst 43, second 4%s, 415 I fourth 4%4s. 8 bid: victory 4% Secured by First Deed of Trust <m Real Estate. Prevailing interest and commis-jon. Joseph 1. Weller bldg.. 9th and F o.w. T LI MEMBERS: New York Stock:Exchange 111 Broadway, New ' York Washington Office N COLORADO BUILDING Telephone Main 1603 Give-up business invited G. B. CHIPMAN Manager N A2 LIBERTY BONDS BOUGHT AND SOLD FOR CASH We Also Lend on Liberty Bonds Liberty Bond Exchange 004 14th St. N.W. EQUITABLE Co-Operative Building Association Organised 3879 Surplus .$1,065,322.89 Save/If You Would —Save as you earn. and you will begin to get ahead in a fimancial way and be prepared for emergencies that may arise later. Subscriptions for the 815t Issue of Stock Being Received Shares, $2.50 per Month 4 Per Cent Interest EQUITABLE BUILDING - 915F St NW. JOHN 3OY EDSON, Presideat FRANK P. REESIDE, Secy. Y 0 A Air Reduction 3t 31 31 |StLouisSownpf.. s4% 8 8 3 . Alaska Gold . % % Sazon Motors. 3% 3% S% 3 Allied Chemical. .. a SeaboardAirLine. 6 6 6 6 Allied Chem pf. 9% 8% Seaboard AL Df... 9% 9% 9% 9% Allis Chalmers. 3 2 Sears Roebuck.... T5% 7% T4 7% = Allis Chalmers pf. 2 0% g;nzfl (‘D(oxzpolr. H% 15 u% B = - - Am Agr Chem E attuck-Arizona. 6% 6% 6% 6% " " Am Bank Note. 5% Bl Shell Trad & Tran. € @% 6 4% S Dperations ~ First ~ Three Be oD RifERAdGATe 8, & 8 2 Money Easier, With Les - =% 204 oss-ShefMeld.... 35% 3% 36% 864 H | Months of 1921 Result in i Siows-Shemeld pe.. 1 %a | Selling Pressure Exerted. 125 128% 124% S:Portol;lcosu:. 48 “a A t i S . “ Am Chicle Co. 20 2 Southern Pacific.. 724 2% 5 $656,696 Shortage. AmchiceCo, T T el Southers Ry, i 2% ction in Specialties v 5% 6% outhern Ry pf... 47 e WE : e e :.:g;:m:}a 24 123% 124 |StandOflof NJ. 1w 130 S ATUARTI M ; The Columbia Graphophone Com-|Am Hide & Loa. % 1% Stand Oil N J pt. 106% 100%| NEW YORK, Jume 10.—In today's pany has made public a statement of | Am Hide & Lea pf. 0% g g:u";i:‘::{:rc"b' 2% :’v: market situation the test was wheth; © 3ts operations for the first three [Am Ice.... - LISy Submarine E SERUREAVETSblefsiade foondilibneRen gnonths of the year, but there is small [ A [nternational. s SiperiocOn ¢ Si|dividend actlon or ithe improvement #ncourngement therein for the share- | Am Linseed. =% Bk Snperior Steel % 30 |in the money position would exercise holders. AT T oeoniotive BN 2% Tenn Copper. 8 |the larger influence. The rate on call G Am Radlator. 6% ‘exas Company. 3% |loan renewals was reduced to 6 per Gross en:filnxs for the three months ‘Am Safety Razor, % 5% Texas & Pacific 22 21 |cent—the third successive reduction Were $15,793. Interest charges and|am SHiSt COTPTCC % 8 Texas & PC & Oil. Z% 21% h k. This Kiscounts were $395,571, leaving a l0ss | Am Smelting. 38% 3% 88% | Tobacco Prod..... 64 8% | Within the course of the weel f $315,775. To this must be added | Am Smelting pf.. 7% % 73 |Trans Contl Oil ™ 8 |Was a direct response to the remark- depreciation and other | Am Snufr... 106 108 104% | Transue & Wilms. 36 35 |able showing in the weekly bank 62 for taxes, which | 4T Srac Fdy " 2 2% 2% |Twin City R Tran. 4 @ |statements, especially in that of the Am Sugar % 3% 7% |UnionOil......... 19% % |New York Federal Reserve Bank. The At rise in the reserve ratio from 60.3 to 2 Am Sugar pt. @b s iy | oioo Bacilo - i 118% 164.2 was chicfly duc to the transfers dnced gross earnings of $3.473,174, | A Sumatra, L Lo M et B L % |0 German reparation money. But in #rom which there were no deductions |Am Tel & Teleg. o 1215 | United Dru, =8 2 lpart also it was the result of fur- ¥or interest and discount. Am Tobacco...... I Untte s % 8% | ther curtallment both in Wall street Depreciation charges for the fi Am Woolen. . WA 8% W un ed Fruit. ? 108 |and commercial loans, and the unu- three months of 1 were $122,058 | Am Writing Pr pf. 29% 29l 29% (United Retail Strs. 5 85% | sual inrease of the week put the bank @nd the taxes called for $1,564,330.|Am Zinc & Lead... 84 8% 8% |USExpress 5% 5% |in the strongest position it has oo- Jeaving an income of $1,7%6,736, as|Anaconda. s8% 1% 38% |USFood Prod.... 17% 18% |cupled in more than a year. compared with the 1921 deficit for 97% 9% 9% | U SIndus Alcohol. 60 6 | There was very little doubt, in view 1he three months of $632,696. Atchison. 80 78% 78%|USRealty % 46% | of this showing. that the New York It is the sum total of the differ- |Atchison pf. 76 16 76 |USRubber....... 5% % |institution would soon announce an- ence between prosperity and depres- | Atlanta Bir & 2% 4% 2% |U S Rubber 1st pf. 9 g% { other cut In its discount rates, and sion. Rt Cat Ting % 83 88 |USSteel... wmmmm 6% 76| that this action would be imitated Local Securiticn. Atlantic Fruit Co. 6 6% 6% |Utah Copper———. 4% SR T e e L Potomac General fis were strong to- | Atlantic Gulf. 24 2% 26%|Vanadium Corpe— 27% T oarias for an announcement of ¢ at Atlantic Gulf pf 25% 21% 213 Va-Car Chem..__. 26% thin Sort, ot only by the drop in 3 and Ri Baldwin Loco. 8 T 7 |Va-Car Chempf.. 721 call loan’ rates, but in the lowering Lanston Balto & Ohio. 3% 8% 38 |Vivadou...o ... 7% of quotations on commercial paper. Traction ws Barnsdall (B) 220 20 20 |Wabash.....__... 8 The latter decline was particularly A sale Beth Steel. . 50% 50% 80%|WabashpfA...... 20% significant because it was precisely Beth Steel (B).. .. 53% 62 6% | Webber & Heilbr.. 13 the same sort of thing that occurred Bklyn Rapid Tra. unk 1 1 |Western Md 9% just previous to the last reduction Butte COpper. ... 4 3% 3%|WesternMd 2d..... 114 in the reserve rate. a resular meeting Butte & Super! 2% 11:2 ll::: g::llern Iaaclmc 2% endier, But Not Strong. tors of the Security Caddo Oil. 2 2% ern Union.... §1% ot it evident usual quarter- | California Pokg. . - 5 6% 55%| Westhouse E & M.. b AL e e e ¢ dividend. . was declared, | California Petrol 4% 3 40 |Wheeling & LE.... 8% accompanying relaxation in money ble_June tockholders of | California Pet pf. 2 0 71 | Wheeling & LEpL. 154 and discount rates was furnishing an Fecord June i Canadian Pacific. 1% 110% 110% | White Motor. s eclement of support. In certain direc- J. Flovd Cissel, chairman of the [ CAS8GIRT SAer o 5 5 b5 |WhiteOIlL.. O here o hetter and nore e by orey and. transporta: | Central Loather: 6% 5% 5% | Wilson Company.. 334 effective buying than there had been tion for the bankers' convention, an-|c.,: aiLeathpf. % % 7% | Willys-Overland on preivous days. Jounc that] reacsvations Ay ibo b ia i b ascor 2 25w 25% | Willys-Ovld pf. Even fresh weak spots were brought gnade for the White Sulphur ‘train chandlerumotor 2% 5% 59%| Worthington Pap: out to check recovery, and caused Sndihotel up torthe departurs of fhe g% | Worthi P considerable unscttlement at times. 1rain over the Che: -ake and Ohio |Ches & Ohio. 56% ©B6'a b6 | Worthington (A).. A market which has been'through Failroad. at 11 o'clock Saturday |ChiGreat W . T Th 7% | Worthington (B). 80 sovtre 4 Bhuck. has been going Fmorning. Chi Great W pf.... ms ¥ on % oes not read- down so continuously, does not Southern Railway Defers Action. |Chi Mil & St P % B 6 Call M iy mend. There are always a lot of Holders of the preferred shares of | Chi Mil & St P pf. W 3 3% ey 6 accounts which become so under- the Southern Railway Company were | Chi & Northwn. 644 637 64 HOURLY SALES OF STOCKS. mined that they have to let go even Keenly disappointed by the directors’ | Cni & Northwn pf.- 00 100 30 | I1am..... 212400 12m.......301 %00, |Of Securitics of unquestioned rank. It lction ailing to make | cpj R | & Pacific. 31% 0% 31 1 P :lwas “distress selling” of this sort ihe preferred dividend declaration. { Coi i1 & B pf P ey pm.....3%2 100 2p.m..... 8% 80K | Whien accounted for the weakness in Yoal Hielang was mecirred at the [ChiR1&P1% bt 2 s % e some of _the industrial preferred Tune mocting of the hoard ' |Chile Copper. u s n | DIVIDENDS DECLARED. |stocks. and which cxpliained the heavi- It was ad that the failure to act | Chino Copper. —. u% B BY PR il frsetitatin i 5 = Sester not mean that the di- | Coca-Cola...ee wm a o« e Trading in Coppers. Fectors might not ta ion later |Colo Fuel....... 2 2 21 Further selling came in Utah Cop- ©n. But the street has come to the |Colo & Southern.. 3N MK W July 15 | per representing the response of out- conclusion when action is deferred 5% E2% G4l | Row EL R July 1|side holders to the dividend cut. which Rhese da in the matter of dividends, | Col Graphophone. 5 5 3 ,"" = July 1 had not had time to be widely known that it is next door to a passed divi- | Col Graph pf.... P 2% 26% July 1 |hefore the close of business last dend. Comp Tabulator. 3% W 3Th Aume 27 | night. When this seliing was over, ruthern railway showed zood earn- | Gons Distributors. 6% 6% 6 Ry Jaiy 13 | the stock was inclined to rally and Sngs in April and it is possible that [c2nS ol % o5 26 |Ots Elevator. q July 13| Anaconda and other members of the the policy announced by some direc- | Song GRS Ny B sk sl | 0US Steel pi 3y '3 | group develop a better tone. tories of keeping strong in cash pend- ‘é"“ 1041 Cal Min, G o | Lacine oin 20| The statement by the chairman of ing the completion of the road-adjust- | SoDs 1atl . Sl 2 TelN 1 ‘th‘ finance committee of the Utah ment now gradually being worked out | Cons Textile EER TGS TN T e G 13 | Company that “there has been sub- has been adopted. umuéan d: 41!1- l;h : stantial improvement &n| the fm«lhnl i, . Cont Candy . 5 ket since the closing o the New Nerk |Gy Hend: Innui. Corn Products. 6% 64 64 Properties April 17 came in for @ Offering of 5 per cent serial gold | Cosden & Co. s» 2 | STEEL TONNAGE D good deal of comment and had a Ponds by the state of New York, bear- | Crucible Steel. 62% 61 ROPS. |%earing” " upon (the market for the Sng 5 per cent interest. to the amount | Cuban-Am Sugar n nou S copper shares in general. ©f $11.300.000, resulted in the sale of (Cuba Cane Sugar 4 u% uu|Beport for May Shows Decrease _ $31.000,000 to a syndicate headed by | Cuba Cane Supf. 3% % 2ne Natjonal City Bank Del & Hudson L From April Figures. DOHERTY TO ADDRESS he price paid—101.212—is excellent | Denv & Rio G ... 1% 1% 1%| NEW YORK, June 10.—Th. 5 for these times. Most of the bids | Dome Mines. .. s 11 17 |ly tonnage report of the United Statos BANKERS OF DISTRICT made were at par. 100.30 to 100.50, and | E1x Horn Coal. 1B% 18% 18% 2l Corporation, made public today, around these figures. 4 Endicott-Johnson. 6% 61 61 |showed 5.4 tons of unfilled or- That the purchasing syndicate was 13 12% 12%|9°rs on hand May 31. This is a de- avilling to pay 101.212 is an evidence 18% 1s% lsw | CTAse from unfilied orders on April 4hat _existing business conditions are BT 3 13|30 which were 5,845,293 tons. Fot due to any large extent to money | ! - This decrease of 362,73 : Zonditions. Famous Fiayers. S 8% % |ipe unfiiied orders of the enepmealics Moreover, the success of the flota- | Famous Players p! 8 % B |to the smallest total since Mareh #ion evidences the value the three- | Fisk Rubber 8 12% 12%)1919, when bookings totaled 5,430,875 &ear notes just being marketed by 13% 13% 13% | tons. 3 EEURE Rne Treasury of the United States, 8% bilx & Dearinz interest at the rate of 5% W 89 89 Per cent. 4n 5% baw%| CHICAGO LIVE STOCK MARKET. 3t fa = fact that the supply of 1255 127% 127% | . CHICAGO, June 10 (U'nmited States smoney. despite the constant drain on | Gen Motors. W o% awi|Bureau of Markets)—Cattle—fos The surplus the government needs. is | Gen Motors bf @ ceipts, 5,000 head; generally steady: Jarge. and it is also true that a very | 3€0 YOG B L 6% & o |LloP steers. $55; bulk, 7.75a4.50; bulk Jarge percentage of investors is out | 3¢ ¢ o % 3k s fat she stock, 5.00a7.00; canners and of the security market, to stay out | Goodric i< X % | cutters, largely, 2.50a3.75; bologna auntil the present uncertainty has been | Great Northern pf. 6% 6 5 |bulls mostly, 4.50a4.85; butcher bulle dispelled. Great Nor Ore. ... 24 2% Za|5.50a6.50; bulk vealer oalves, 9.00a This contingent has money for the [Greene-Cananea. 24 2% 24| 975 stockers and feeders strong. hichest grade governments, state and | Gulf States Steel. Sla 3% 31%] Hogs—Receipts, 27,000 head: 10 to Jnunicipal issues, partially, perhaps, [Guantanamo Sug [ 15 higher than yestérday®s average Because they are in a measure tax- | Hendee MIg. .. 15 1% 15 |opened active. later siow: top, $.35 free, but with safety as the first con- | Houston Oil. . % 61% bulk, £.10a8.30: pigs mostly 10 high- eideration. Illinois Central gits s9ls er; bulk desirable pigs around 8. The city of Detroit asked bids for | indiahoma. T heep—Receipts, 10,000 head;' slow, * 82000000 city public utility bonds. | 1105, Rafining ... Fl weak (o 25 lower: top native springs Syndicates represented by “the Na- (RGN FICTNIE - 5 s g to city butchers, 12.75: hulk to pack- tional City Company. Guaranty Trust | [RSPITALOR. - v -* . 2% ers, 0; few good 120-pound na- Company and Harris. Forbes & Co., | Interboro 5 g% tive fat ewes, 4.00, é Bid for the issue, bit, as tiheir bids i:‘:lx:g“:;’ = ‘1 “:"“ ST N rovided for cancellation within ‘six- A6 o at the bidders’ option, they |Intl AgriChem pf. 29 3% 3 CURB STOCKS. were rejected. Intl Harvester..... 8 84 84%| Quotations furnished by W. B. Hibbs & Co. Intl Mer Marine 1B% 13% 134 ~12:15 p.m Intl Mer Marine pt. 0% 50 Bid. Asked. - Aetna Explosi p Washington Stock Exchange. |1at Truek 1st pt. 20 |AGRS GErenies % SFES 1nu Nickel Wk W 10% | American Candy 2 Tazston M ALo ut 5%, Intl Paper. 8% Bo% b6Y | Atlantic Petrole 2% s e e Intl Paper (sta)... 7% T 7% 714 | BT Heart 1 HENRY L. DOHERTY. Security Saviags and Commercial Bank—10|Invincible Oileeeee 16 % 14 1% | Reone Off 1% S et IR Island Oil..ccooee 3% 3% 3% 3% | Boston and 55 Henry L. Doherty, president of the gv}":fi'&';‘wx&“ Tiis—$100 at 103, $100 at] “'“:‘a;,s;;" e e o i;h e Wysming Cities’ Service Cempany, a g:;al 3. it = (' Gl w10 T xmeuy A oriug Tire. ik o1k a8 o | Calumer and Jerome.(l $150,000,000 orgnmnlh:u. Eobsing Washiagton Railway geaersl =t|Kolsey Wheel — 62 82 & & |Carbo 518 public utinties t:lm;ny CiGr Amer- 3 Kennecott...eeeee 19% 20% 19 20% | Carib Syndicate ...ocoeoooas 6 |ican citles, W e the principal Totomae 1 ? daie ey S R R Rk, Keystone Tire—-. 12k 1% 4% 1% ??fimfl:&? e I 11, |speaker at the first s:ulo:: :: h:‘h; Lackawanna Steel. en S strict bank ntion to Bk ands Asked iErices Lee Tire & Rubber 7% 27% 2I% 2T | Citiew Scrvies (o) -.o-mes | e et Ve pinte BONDS Lehigh Valla¥e.... 49% 49% 484 48% g:ll- ervice pfd. 64 (at iphur, PUBLIC UTILITIES. LOeWS INC.commmew 11 1% 10% 11 | GOIOTINL TS - }* Monday morning. o Tt ana Toign, 4n..... D, AN 10% 10% 9% 9% colmbia Syndieate 3% | Mr. Donherty has as nis topic “The American Tel. and Telza. 4lse.. 8% &7 TS I M0 ) e Rlande (OOt 40 | Problems of Today,” and the bankers Am. Tel. and Tel ctl. tr. oe.. 814 £2 W% 206 108% 208 | GO o TP o 1% |are anxiously waiting his verdict on American Tel, and Tel. eonv. 97 97% | Mackay Co8 Pfeeee 55 & 55 5 | havis-Daly %" |the handling of the various stumbling- Anacostia_and_Potomac bw 3 Manati SUgar..— 4% 5% &% 4% 10 {blocks in the path to the normal. This Srceapeake and Botomac Tel. ba. 87 Manhattan Elev... % 0% 9l 39 24 |will mark his first appearance before Capital Traction . It 5s. 7% Market StRY..oeee & 4 4 4 7. | the 1oea1 bankers; City and Surburban 5e....-oes 65 Market St Ry prpf. 38% 38% 7% 31% s0%| During the war, when accommoda- e IODBItoRm T o 02 Mariand Oflc——ee.we 19 19 18% 18% {7 |tions in the city were strained. mem- et Misitdolt B s Maxwell Motors. ™ % 2% o I o Diberisioleantiation e otomae Klectric Power :_ T 8% May Dept Stores. u* 8 B4 | GEATCR piet 4’3 ‘x'fi?fi'{e:em delayed days in their Fotor . e G. 6s 95 can e 1% vis] . Waeh. Alex. and M. V. 58, ) o B T ‘RS Gutercniests To obviate this & clubhouse was Washington Gas_5 1% 11 11% | Hecla . s opened, and has been in daily service Washington Gas 73 Hercules Paper for meveral years. The Doherty Men's Washington Rwy. and Eiee. AU% 2% 2% | ogian Packing . Club—purely for business—is located WS Ry ) Mt M e 2% Minn & St L (2)-— ST Intercontinental Rubber at 1319 K street northwest. An en- MISCELLANEOUS. Mo Kan & TeXo-... 2% 2% International Petroleum (ew) tourage is maintained, appointments Riggs Realty 5s (short).. .. Mo PacifiCe «oemme 20% 19% 19% | Jerome Verde 2 e foriDorerte s s Aashington Market 5s (192] 80 fic 8% Kay County Gas 518 lare made for Doherty representatives Washington Market 58 (147).. T5 Mo Pacific pf.-.ee. a8 Lake Torpedo 13 |before they arrive in the city, and Montana Power... 0% 50 Lehigh Coal @8 |they are thus able to expedite busi- STOCKS & Mullins Body .. eee 19% 19% 19% | Lone Star 26 [ness with as little delay as possible. PUBLIC UTILITIES. Natl Acme e 19% 18% 18% | Livingston 3 A secretary and two representatives Amariedn Helo ST Natl Enameling. 5% 61% 613 | Magma Coper 19 fof the research branch of the organi- e e Nevada Copper. ... 1 10% 10% | Marlana Refinery %3 |zation are at home at the K street i poss * | Mason Vailey . 2% | club. N oo & ons e Mormme i Lo #% | The clubhouse contains eleven sicep- Chi & St L. e 4 Midwest Oil com...— 34 |ing rooms for the use of the Doherty NY e Midwest Oil pfd.....e 20 aiz men who come to Washington. N ¥ Dack_ e ool Midwest Refining 132" | "or fifteen years the organization NYNH & Hart. A% e Doy Oonie % | managers have celebrated H. L. Do- Norfolk & Westrn. ®B% B 16 £ N : $% | herty’s birthday, the gatherings being Northern Pacific. 9% 66% 4% | helpful and enthusiastic. Oklahoma Prod. .. 2 1% 20 | Thomas Brahany, one time assistant e Orpheum Circuit. U 2% Omar Ol (new) 2 |secretary to former President’ Wilson, Prrmere ad Otis Elevator M5 M3 m3 | Peumok Oil L. 5 {is the local representative of the or- eral Otis Steel . % 11 3 "‘-“ gantzation. }‘:MT’ Pac Development. 13 2% 12% 2 —_— incoln Pac Gas & Elec. 50% 0t BO% 2y ¥ National Hr ke e 20n s % LEAF TOBACCO MARKET. Tixzs 7 BALTIMORE, June 10.—Receipts in- (e Pan-Am Pete pra R % |creased to 1357 hogsheads, while SRARELOR woerereseeeeee: B wa Pan-Am Pete 8% ok W% 11% | gales were only 772 hogsheads: Among TRUST COMPANY. Parish & Bingham % u% u% 4. | the recent receipts were many com- American Secarity sad Trese.— 30 Pennsylvania % % MK sieily ol . 18 | mon tobaccos, for which there is lit- Nattonal Sevings and Trast.... 270 enn Seabd Steel i | EL —— tle demand, and consequently prices Union Trost ... aeeseaee 120 ‘eople’s Gas. a Bwift Intemationa] .———— 2444 | for that kind were a shade lower. Washingion Loan and Trust.... 204 Pere Marquette. 20% 20% 20% | Jonopah Dlde o 1913 | The small offerings of better grades SAVINGS BANKS. Pierce-Arrow. 19% 18% United Mastern o == 3%1g|has resuited in prices holding firm, Commerce and Saviags........ 140 Plerce-Arrow pf. A% 46% 46% 8. Light and Heat. com..... 1% | while good, light handling Hollane Enast Washing *12% Pierce Oil. . 8% 8 S. Light and Heat. pfd..... 1% | tobaccos were a shade higher. Merchants” . 147 Plerce Oil pf. 62% 6% 62% | Lnited Profit Sharing...__ 0 1 Price per 100 pounds—Inferior and Eecurity Savh 1 208 . U. S. Steamship. frosted, 3.005.00; sound common, 6.00 Seventh Street Savings. oee 150 Pitta Coal...~. 67% B51% 57% | United Retail 7 sted, 3. -00; 11.00217.00% men Thion Saviags . iz Pitts & W wh 2 Thited Tesan - 4, | 810.00; 'good common, 217.00; ©. 8. Savings... 1270 2 200 Pond Creek Coa il 2% | diom, 17.00a27.00; good to fine red, ‘Washington Mechanics’ eee.... 25 Pressed Steel 79 ™ 28.00a40.00; fancy, 40.00 and over; sec- FIRE INSURANCE. it c"; 0% W% 6% 1%t | onds, comion to lxfl:(.loh‘lr'l;. og.poumm Punta Alegre Sug. BY T A 1 ‘“,5?“,‘&.“3';' 90 uoper acontey Bure OIk-==. svts Lt e Armour Leather com...., s | Meninat. Rand Mines. ...... 20%__ 20%__ 20% ‘Armour Leather pfd..osesseoeny %f,a in ‘warehouses—Msrylamd, Railway Stl Spr... 2 " AFDOUE DI c-ee s mreescens 33,983 pounds; Ohid, 4,737 pounds: Ray Con Copper... 1B 1% 48 | Total, 28,720 pounds. Reading. Pl 8% 66% = —_— Reading 18t pf. G 94 BAR SILVER QUOTATIONS. Reading 2 pf..... 2% 8 bt S = D C. Paper Miz. Co... . NEW YORK, June 10.—Bar silver— Merchants Trancier and Stori Remington Type. . low 18% 19% Domestic, 99%; forelgn, 58%. Mexi- Mergenthaler Janston Mozotype . Security BLOTAge ..o guisoneos 300 | Wishington ket m e 28 Replogle Steel. Rep Iron & Steel =4 2% B | Underwood Typewriter Company has. ean dollars, 44%. declared the regular quarterly divi- LONDON, June 10.—Bar silver, Royal Dutch...... 5 57 654 dend of $2.50 a share on its common | 35%d per ounce. Money. & per cent. 2% 2% 21% | stock and $1.76 a share upon its pre- | Discount rate: Short bills, 5% per 2% : férréd stock, both payable October three-month Dbills, 59-16 per, 3214a33; creamery, extras (92 score), 32?‘1‘“‘!(! (88 to 91 score), 28%a3l% packing stoak, current make, No. 2, 17, Bggs—Unsettled; receipts, 34,046 cases; fresh gathered, exira firsts, per dozen, 28a30; firsts, 25142273 state, Pennsylvania and nearby west- orn hennery whites, firsts to extras, 30a38; state, Pennsylvania and near- by western hennery browns, extras, 33a : do., gathered browns and mixed col- ors, firsts to extras, 26%a32; storage packed, extra firsts, 29a30; do., firsts, 27%a29. Cheese—Steady ; receipts, 6,417 boxes state, whole milk, flats,’ fresh, spe- cials, per pound, 14%al6%; do., aver- age run, 14%a15%; state, whole milk, twins, specials, 16%al6; do.,, average 4%alb. Pmlt_g. live, weak; broilers, 30ab fowls, 26a28; dressed pouitry easi western chickens, boxes, 24ab0; fowls, 34a34. CHICAGO, June 10.—Butter—Lower; creamery, extras, per pound, 30; stand. ards, 30; firsts, 26a29; ggs—Ubchanged; w PLETE L PREEES T TPV T £ FOREIGN BONDS. ..—m:mnw.n.mhu. Chi do{ Associate seconds, 30a24. - i’ receipts, 13,442 onses. Poultry—dAlive, unchanged. —_———— DECLARES INITIAL DIVIDEND. NEW YORK, June 10.—The Pacific Oll Company, organized when the Southern Pacific railroad relinquished control of its oil properties, has de- 133 § ausy WER clared. an_initial dividend of $1.50 a Bhare. Munic} German gov.” | | held | - } 420 Waash. L. & Trust | To the /Ownerf of | Rental:Property . | days raf change : conditions it materially your advantage to have your® rental Lroperty in the hands ofs experienced and wflicient rental? agente. Do not traist your rental ,.PTODerty to those not fully, {Acapable of managing it. In these Get the bestlservice possible, 1 it doesn't cost any more money y and you willfnot be experiment- sing. ,tr.cn of over a quarter of a century” in the management of Erental property in Washington ' B.F.SAUL CO. Property Management 934 N. Y. Ave., N.W. We have a specialized experi- a IR L juard against LOSS whil on your i to the Mountains or Seashore. 2lace your VALUABLES n our Safe Deposit Vaults. /Cost Less Than One Cent & Day. 1336 N. Y. Ave. Any Time Is a Good Time:to Invest in First Mortgages But more especially vestment de comditioms Perts can is this type able when are uncertai agree on prophe- days ahead. The FIRST TRIST NOTE remains rm with our re- quirements, and - yields 7% Consult Our¢Loan Dept. SHANNON: & LUCHS Mygin 12345 713 14th St. 000 Life Policy, $57.35 40, MEMEERS ‘Nationsl Association of Real There's a security at- tached to realty in the Nation’s Capital that's not so common else- where. We have sev- eral such properties re- quiring investment of from twenty-five thou- sand to half a million dollars—with an as- sured return from 5% to 107-. You'll be interested. Let one of our firm give you details. Phone Main 4340 1406 H Street !nnsx:!l':!rulw'uu STOCKS—BONDS—COTTON GRAIN—SUGAR—COFFEE Bought and Sold on Commission A. A. Housman & Co 20 Broad Street, New York MEMBERS: _ NEW YORK STOCK EXCHANGE Exchange—N. Y. Produce Exchange N e h Cmmr!l'fl:ec:fig Y. Coffee & Sugar Exchange Members of Liverpool Cotton Association . Washington Office OR CORRIDOR—WOODWARD BUILDING MAR S TELEPHONE MAIN 2040 CHARLES R. ALLEY, Mgr. 2 e Syst Connecti: Brai B e sponaent OMces. In the Principal Cities