Evening Star Newspaper, June 14, 1921, Page 22

ARRERLEY 1 = X ot 43 5 o i A e 'y Lt & P A Regular Camel for Ink— Goes a Month without a Drink The Fountain Pen with the Little Red Pump-Handle —holds several times as much ink as any other self-filling fountain pen— simply because the Little Red Pump-Handle has Banished the small capac- ity rubber sac found in ordinary selffilling foun- tain pens, and gives the Dunn-Pen room to hold a full “barrel” of ink. You only need to fill the Dunn-Pen about once a month—and the filling and simple. Just stick the pen in the ink, and pump Pump-Handle; it cleans it- 4 Major Parts 4 Standard Styles 4 Popular Pen-Points 4 Dollars Everywhere (in the U. 8.) Dealers! Write for interesting particulars. District Sales Office: 215 E. Fayette St., Baltimore sDUNN-PEN COMPANY 300 Madison Ave., New York Gat_a hump on!—Bwy the Dunn-Pen today before sun-down Copyright, 1921, by Dunn-Pen Co. 1 hroughout the greater city and New 'y has been followed by advances RETAIL TRADE IS MORE ACTIVE, Nt THOUGH PRICES ARE DOWNWARD Competition in New York Area Spurs| Trading, Volume Exceeding Last i Year—Other Sections. BY JAMES ALLERTON. Zpecial Dispatch to The Star. NEW YORK, June 14. of retail trade in this section this week has proved again that compe- tition is the life of trade. Although ‘to trend o? prices is somewhat down- ward, the volume of business passing over retafl counters exceeds that of tho similar period last year. There has been keen competition in the ap- -arcel fleld, particularly in men’s clothes. “Jne chain of stores featured a bargain in men’s straw hats, while special induce- nents were offered women inin dresses, blouses and skirts. It is becoming thoroughly evident that there is a considerable potential retail demand where proper publicity is given the offerings. Textiles Are Stronger. Textiles showedq rather strength this week and cottons and woolens seem to have reached price levels not likely to be further re- duced in_ the near future. Raw silk also is advancing. Revival of building The activity more operations in prices for brick and other bulild- ng material. Food prices moved up- ward, eggs and cheese prices all showing advances. Production of shoes has shown an increase, with the bulk of the de- mand for the cheaper grades of foot- wear. The markets for steel. plg iron, coal, copper, zinc, lead and tin all are in a state of extreme dullness. Minor Lines of Industry Showing More Activity BY H. B. LAUFFMAN. Special Dispatch to The Star. PITTSBURGH, June 14.—While ma- jor lines of industry in this territory are awaiting a stimulant, minor lines show evidence of more activity. The McKeesport Tin Plate Company, whose operations recently were interrupted by fire, has started twenty-eight tin mills. Steel, the backbone of Pittsburgh's industrial lffe, are those limestone. Corporation The United States is operating at from the big works Duquesie on a at per cent basis, New business is in the smallest vol- ume recorded for years, in some in- stances representi per cent cut in salaries. glass manufacturers, threatened shipment. Building is still hampered by building trade strikes, but enlarged is extremely dull, as commodities which are closely related, such as coal, coke and Steel 22 to 25 per cent of plant capacity, with Homestead and g not more than 20 per cent of capacity. Wage adjust- ments still are in progress. The Briar Hill Company has just announced a 15 Coke production is light, but season- able demand from the lake has im- iproved the business in coal. Window by foreign competition, announce prices will be guaranteed only until date of operations are reported at a number of brick plants. Outlook Is Brightened in Twin Cities Section BY L. S. McKENNA. Special Dispatch to The Star. ST. PAUL, Minn, June 14.—De- cislon of union carpenters and hoist- ing engineers of the Twin Cities to accept a 20 per cent wage reduction, and assurances that farmers in the northwest will have enough money to harvest the crops, have brightened the outlook for the future in this vicinity. Northwest business condi- tions at the moment are spotty and radical Improvement is not expected until the harvest. A slight improve- ment is noted in some lines, how- ever. The demandsd for credit by farm- ers this year will not be heavy, as they have cut expenses to a minimum in the hope of pulling through with- out additional borrowings. John R. Mitchell of the Federal Reserve Board conferred with ninth federal reserve bank officials on extension of farm- ers’ credits. Retail grocerfes show a tendency to drag. despite popular prices. Mil- lers report an increased demand for flour, with more real business trans- acted- than for several weeks. Crop Tenorts from the northwest are fa- vorable, conditions for growth of all grains except corn measuring up well with those which preceded the big arop of 1915. Commodity Survey From Many Sections Fruit. NEW YORK, June 14.—An additional inspector from the food products in- spection service of the bureau of markets has been placed on duty on the Pennsylvania plers at night to handle midnight {nspection of peaches and other soft fruit arriving here. Another inspector also has been added to care for early morning shipments. FORT WORTH, Tex., June 14.—Fast Texas points shipped 135 oar loads of tomatoes to northern and _eastern markets within the last week. The rices ranged alightly under thosa of ast year, averaging about $1.50 a crate. Buflding Material. NEW YORK, June 14.—In view of the unexpacted demand for briok in this seo- tion, manufacturers with artificlal dry ing equipment already are beginning to ship, although new 1931 bricks were not expected on the market before July 1. Sand and common Hudson brick have both Increased in price this week. New Jersey, Manhattan, Brooklyn and the Bronx all were in 'the market because of renewed bullding. ST. LOUIS, June 14—Lumber sales have shown an increase (n local markets due largely to small building operations, Iron and steel continue dull. a Grata. FORT WORTH. Tex., Jane 14 —Wheat and oats of the new crops have begun to reach the Texas buyers in some quan- tities just in time to catch a rising mar- ket. The advance is attributed to the heavy rains and floods over the south- west. Indications are for a wet harvest. Wheat was generally 2 cents s bushel higher, at sbout $1.70. Rubber. NEW YORK, June 14.—Lack of de- mand and the large amount of crude rubber and manufactured rubber articles now on hand have set rubbermen to planning earnestly for some manner of restricting production In order to main- tain market rates. Unless there is such restriction or an Increase in world de- mand remunerative prices cannot be pected for an indefinite period, they claim. Coftee. NEW YORK, June 14.—The limit of storage capacity is rapidly being ap- proached In coffes warehouses at Rio de Janeiro, according to cables from that port. The holdings in storage have in- creased & quarter of a million bags since April. Frosts have been reported in one province of Brazil, Men's Clothing. CHICAGO, June 14.—Sports clothes have not taken very well throughout this section, only men who can afford an _extensive wardrobe buying gar- ments of this type. One of the largest dealers in men’s clothing is selling most of their suits at approximately $50 aplece. Coal. SAN DIEGO, Calif., June 14.—For the firat time since the war American coal is being shipped to Pacific coast ports of Mexico. The coal comes from the Pocahontas fleld of West Virginia, and is sent to Mananillo, Guaymas and Salina Cruz. For the last six years the coal used on the Mexican Pacific coast was obtained from the Mexican flelds in Coahuila. Notes. NEW YORK, June 14.—The rail- roads are holding themselves in readi- ness to deal with any situation which may make it advisable to reduce freight rates on certain commodities, Lewis J. Spence, director of traflic of the Southern PaoclQc rallroad, sald today. A general reauction e wates is not feasible at this time, he saif, because of the present condition of the carriers, nor {s a general reduc- tion necessary to stimulate traffic, NEW ORLEANS, June 14.—An- nouncement has been made here of the merging of twenty frult com- panies with combined assets of $20,- 000,000 and owning 80,000 mcres of frult-bearing landa extending from Washington state to Florida, Jumal- on and Cuba, Most or the companles involved mre en the Paocific coast. NEW_YORK, June 14.—The Knit Gooda Workera' Union has ment let- ters to about 150 manufacturers In the greater oity who have heen op- erating on &an open shop basis, but who have employed some union mem- bers, suggesting they enter into closed ahop contracts providing for a forty- four-hour week, $55 & week for knit- ters, $27.80 for operators and $22.50 for finishers, NEW YORK, June 14.—The serial note holders and the bank creditors of the Moline Plow (ompany have formed two committees to refinanc that company on a new scale after inventories have been written down. The committees, In an announcement today, declared that nssets of the company should reach $30,000,000 as opposed to liabilitios of approximate- 1y $20,000,000, Grain, Produce LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per doz., 2T: southern, 26. Live poultry—Roosters, per Ib., 18; turkeys, per 1Ib., 32a35; chickens, spring, per lb., 48a50; hems, per-lb., 27; keats, young, each, 60a75; chick- ens, winter, per Ib., 35a40. Dressed poultry — Fresh-killed spring chickens, per 1b., 50a6 per 1b, 30; roosters, per 1b., 2! 21; Reats, young, eac ; chickens, er, per Ib., 35a40. Pork—Dressed, small, per 1b., 15; medium, 13a14; heavy, 10a13; live, 8. Lidve stock—Calves, choice, per 1b.. 10%; lambs, choice, per Ib., 12. Green fruits—Apples, per bbl, 3.00a 10.00; western, per box, 3.50a4.5 California lemons, per box, 9.60a10.00: California oranges, per crate, 5.50a 6.00; Florida oranges, per crate, 6.00 26.50; grapofruit, per crate, 5.0026.5! strawberries, per qt., 2036, ' Vegetables—Potatoes, nearby, No. 1. per bbl, 125a1.75; northern, per sack, 1.50a2.25; yams, per bbl., 6.00a 7.00; lettuce, mnearby, per crate, 50a 1.00; celery,” per doz., 1.00a1.50; Ro- maine lettuce, 1.00a1.50; cymblings, per crate, 1.50a4.00; spinach, per bbl., 3.00a 4.00; kale, per bbl, 1.00a1.50; peppers, per crate, 1.50a2.50; peas, nearby, per DbL, 5.0029.00; Texas onfons, 1.75a2.00; new cabbage, per crate, 2.25a2.75; cu- cumbers, 3.00a4.00; eggpiant, per crate, 2.00a3.00; tomatoes, per box, 3.50a5. North Carolina asparagus, per doz., 2. 25.00; nearby, per doz., 1.00a2. s Early,” 3.00a4.00. GRAIN AND PROVISIONS. BALTIMORE, June 14 (Special).— Potatoes, white, No. 1, per 100 lbs., 50a75; cobbl 50a75; McCormicks, 50a76; No. 2 ; nmew potatoes, per bbl, 1.50a3.76, ~Sweets, per bbl, 3.50 &7.00. Yams, 8.5026.00, Beans, green pearl and wax, per half bbl., 1.00a 3.00. Beets, per 100, 4.0026.00. As- paragus, per doz., 1.8023.60. Cabbage, per crate, 2.26a2.75; kale, per bu., 50a65. 1.85. Lettuce, per bu., 60a Spring onfons, per 100 bunches, 75a80. Cucumbers, per basket, 2.00 24.00. Peppers, per crate, 2.00a3.00. Spinach, per bu, 75a1.00. Pears, per bu., 1.90a2.75, Tomatoes, per crate, 1.60a5.50. Rad- akas, Zar 300 bunches, 1.0022.00. Rhu- barb, per i°® 2vrchaes, 4.0026.00. Ap- ples,” per bbl, 2.0003.50. Crarges, per box, 3.60a7.00. Grapefrult, per Lo, 3.00a5.60. Blackberries, per qt., 20 a2, Btrawberries, per qt., 15230. Rasp berries, per pt., 12a “herries, per 10a25; cantaloupes, per box, 2.00 Yeaches, per Watermelons, ench, apples, por crate, 4.0025.50. Nelling Prices at Noon. ‘Wheat—No. 2 red winter, 1.68% No, 2 red winter, anot,” 1.66%, and July, Bales—8,200 bushels of No. 2 red winter, garlicky, at 1.55% per bushel; 6,200 bushels of No, 3 red winter, gar- lucky, ut 147% per bushel; 6,200 bushels of No. 4 red winter, garlicky, at 1.40% per bushel, Corn —Cob, n yellow, 2.80a3.85 per_barrel, in carfoad lots! white, to 20 por barrel lower; contract corn, spot, 72; No. 4, 69; track, yellow, No. 3 or better, no quotation. “(::uo—:\n, 2 white, 47%; No. 3 white, Rya—Bag 10t8 of nearby rye, as to quailty, 1.20a1.30 per bu.; No. 2 west- ern export, £pot, 1.50 per bu.; No. 3, 147 per bu, Hay—No, 1 timothy. nominal; stand- ard timoth -00021.50; No. 2 timo- thy, 20.00 No. 3 timoth 0.1 lIght clover, mixe 0. 2 Hght clover, mixed spot, garlicky, No quotations on June 0.1 clove txed, 18 . miied and Live Stock 3, 11.00a13.00; No. 1 clover, 15.00a 16.00; No. 2 clover, 12.00a13.00; No. 3, 10.00a11.50; sample hay, 10.00a14.00. Straw—No. 1, nominal; No. 1 straight rye, nominal; No. 1 tangled rye, 17.0 No. 2 tangled rye, 16.00: No. 1 wheat, 14.00a14.50; No. 2 wheat, 13.4 03013_50; No. 1 oat, nominal, 15.50 216.50. CHICAGO, June 14.— Favorable weather for harvesting had a bearish effect on the wheat market today and 80, too, did reports of increased coun- try offerings. Misgivings about the outcome of voting on proposed anti- pit legislation at Springfield, 1il., ‘tended also to make prices weake Houscs with eastern connections led the selling. Initial ranged from 1% to 2% cents lower, with July 1.373% to 1.38 and Septem- ber 1.25% to 1.26, were followed by decided setbacks all around. Corn gave way with wheat. After starting % to 1%al% cents down, including July at 63i; to 64%, the market continued to descend. Oats were depressed by the action of other grain, opening % to %a% cent lower, July 38%, and then under- going a further decline. Provisions reflected a in_the value of hogs. Potatoes, receipts, 59 car steady; new_ dull; northern sacked and bulk. $0a95 Louisiana triumphs, ginia, 4.00a4.25 bbl. downturn Carolina cobblers, 3.50 bbl. NEW YORK, June 14—Produce market unchanged. CHICAGO LIVE STOCK MARKET. 11000 head; beef steers, butcher. she stock, stockers and feeders, mostly 15 to 25 lower; early top ye lings,” 8.75; bulk beef steere, 7 8.35; bulk fat she stock, 5.50af. bulls and veal calves steady; bologn: largely, 4.50a4.85; bulk butcher bul 5.2526.50; veal calves largely, & 029,00, 10 lower than yesterday’s top, 8.10; bulk, i 25 _lower. Sheep—Receipts, 16,000 head; lambs mostly 4 top, 12.25; not sold early: Oregon yearli twos, Z.98. bulk fat ewes early, § 4.00. TATRY MARKETS. BALTIMORE. Ju alive, springers, 40a35; white horns, 35a45: voung winters, old hens, 27a30: old roos: ducks, 2. spring duck: pigeons, per pair, 45. Eggs—Loss off strict by, doz., 25; southern, Butter—Creamery, fancy, 1es- 40p45 16::17 prints, 32a34: nearby, creamery, 30; ladles, 18a21; rolls, 16a20; sto. packed, 15a16; dairy prints, 18a20; process butter. 23a23. NEW YORK, June 14.—Butter firm receipts, 11,709 packages. Creame: higher than extras, 331;a34; creamery, extras (92 score, 3212a33; firsts (88 to score), packing stock, current 1732, receipts, 23277 western, hennery browns, extras, 33a34; do., gathered browns and mixed colors, firsts to extras, 261;a3 Cheese_steady: receipts, 6,015 boxes State whole milk flats, fresh spec: || 2a16%: do., average run, 14 State, whole %, twins, 1532416; do., average run, 1% Poultry. live, steady. dressed firm; western chickens, Turk.ys, 20a55. - Why are You Waiting? A message to the retailers, whole- salers and manufacturers of this city. . S R O D e N A A e HO IS this mysterious “every- body else” that you are waiting for—that your neighbor merchant is waiting for, that your salesmen are waiting for? This reluctant buyer is your sales- man, your neighbor, yourself. There is plenty of money in the country—all the experts agree on that. There is a willingness to buy— FOLKS are merely waiting to see how badly WE want to sell. Butmany sal'csmen‘ stillactasifthey had lost faith in their goods—many executivesare simply “marking time.” All that business needs is for some- oneto give it a push and start it going. thusiasm. Burroughs Adding Machine Company Washington Office: Burroughs Building, 724 Seventeenth Street, Northwest Telephone: Franklin 6220 The man who shows faith in his busi- ness by spending his own money is going to arouse faith in others. We believe it. We are showing our own faith by buying this space to urge you to join us in starting something in this community—and other Bur- roughs offices, the country over, are doing the same thjng. Let us all begin today, by buying the things we need, and our business needs, and let us sell with old- fashioned, hearty optimism and en- figures, which | slow, | 30a36; | Washington Stock Exchange. SALES. at 44, L 44, 2 at 4%, B a Mergenthaler—10 at 1193, AFTER CALL Mergenthaler—10 at 1183 Was Lx—31.000 at 102%. $1,000 at 57, 31,000 at Ca, 87, $1,000 at 87, $L,000 at §7, $1.000 at 67, $1,000 ‘at 87. Capi ! Traction—25 at 85 (cash), § at 88, at 88 ric cons. 55—$1,000 at 83%. all loun, 63%a7 per cent. Bid and Asked Prices BONDS PUBLIC UTILITE | i Potomae T | Norrotk CHICAGO, June 14.—(United States | burcau of markets) Cattle—Receipts. { %) —Caiowans - | Washing Washing PURLIC UTILITIES. American Tel American Capital Washing: 0 CURB STOCKS. Quotations furuished by W. B. Hibbs & Co. ~12 Bid 1015 Artna Txplosives Allied O ... Kansas Nato sderal Oil Let us stop saying, “Wait until everybody else begins to buy, then I will.” Why not begin now? X3 ensland Ol ‘ Gurth Amer. P Northwestern Oil ru_Conl and Tron Co. of America . Intérnation o CHICAG Armovr Le Lrmeur Lea Armour prd. MOVING. PACKING & STORAGE HANDLING THAT FREIGHT OF YOURS Give us a ring and let us do that heavy moving for you. We'll guarantee 1t will be done “substantially” and de- livered with no pieces lost— or broken open. We are “strong” on moving! “Phone us to move” Merchants Transfer & Storage Co. 920 E St. N.W. Phone Main 6900 BONDS STRONGER { crpted ONSTOCK RECOVEY Some Good Demand at Half- Point Advances—Lib- ertys Unchanged. NEW YORK, June 14—The bond market was generally stronger toda: helped by the improvement in th stock list and by the decline in money rates. Inasmuch as railwzy donds had Dbeen the ones to feel the most recent depression they were naturally the £TOUD to be most responstve to the re- covery in the stock market. There was a good demand, with half-point ad- vances in such issues as Chesapeake and Ohio convertible 5s, St. Louis and San Francisco adjustment €s and the new Market Street Railway bonds. The Missouri Pacific 4, Chicago, Great Western s, the Rock Island general 4s and New York Central debenturs s were all up a fraction. Southern Railway 58 were an exception; they went slightly lower. Jersey Bid Comment. Considerable interest was taken in the announcement that the state government of New Jersey had rejected bids for $17.000,000 5 per cent bonds to provide soldier bonus funds and money for tun- nels and bridges. The bids of 101 were Imost as high as those which were ac- Xew York state for its 5 per cent bonds last week. Yet the New Jer- sey authoritics were dissatisfied and de- cided 1o advertise the issue again. It was reported that the $500,000,000 United States government offering was |5till going very well, and taking the d for by the Treasury De- , namely, that a decided pref- erence was being shown for e three- 5% per cent notes over the one- year certificates of indebtedness. General Petrolenm Notes. The only new issue of consequence was the ten-miliion-dollar offer of General Petroleum Corporation ten- ir sgr™ng fund gold notes, bearing °rest et 7 per cent, and put out at little change in tha 1lib- the 4% s worked Stcady at 34, while the orway and Belgian issues ¥ changed w the ex- ception of the Belgian 6s of 192 which went up following the re. covery in French exchange. Packard Motor §s lost some ground, touching 412, a8 against 95 at the close yes terday. American Telephone andl Telegraph 5s were in demand from 51% up to 2. —_— DIVIDENDS DECLARED. Stock of record. 53, $450 June 15 June 20 Juze Nipissing Mines Co.. une 30 Pa. P. & L Co. a, June 15 Pond Cd. Caal 09, 4. June 28 Ry. Lignt Co. pf, "June 23 q. $1.35 . Tidewater Gil COTTON MARKETS. NEW YORK. June 14.—The cotton market opened steady at an advance of 5 to 10 points in response to bet- ter Liverpool cables than expected, and reports of a firmer tone in for- -ign_exchange. There was scattered ng on continued zood weather in h, which caused some irregu- after the call, but £pot houses moderate buvers of July and the market held steady during the arly trading, with Ortober fluctuat- ing bptween 13.17 and 13.22, com- pared with 1312 at the close yester- ay. Futures opened steady; July, 12.32; October, 13.22; December, 13.68; Jan- uary, 13.76; March, 14.09. The market turncd steadier later on reiterated complaints of dry weather 2 the eastern belt, apprehensions of oll weevil daumage during the sum- ner and reports that a good many ntracts liquidated recently had been surchased by the trade. Offerings e light, and only a moderate de- 4 was necessary to send prices ip to 13.28 for October, or about 14 o 19 points net higher on active months. NEW ORLEANS, June 14—Further rains in the western half of the belt continued complaints of the pres- ‘nce of boll weevils in great numbers, specially in Texas. put the price of tton 12 points up. on thesmost ac- live months, during the first hour of jusiness today. July rose to 11.98 ind October to 12.77. Futures opened quiet, July, 1186: Jetober, 12.66; December, 13.06; Jan- uary, 13.18; March. 13.45. ieports of the first cotton blooms several points in the central belt d the effect of increasing offerings mewhat and the market sagged a tle, standing at net advances of 7 ‘0 9 points. LIVERPOOL, June 14—Spot cotton limited request; prices easier; good middling, 8.72; fully middling, 8.3 middling, middling, 6.6 «d ordinary, ordinary, 4.67. Sales, 3,000 bales, including 2,400 American. Receipts, 16,000 bales, in- cluding 10.800 American. Futures closed quiet and steady; June, £.08; July, 8.24; October, §.62: January, s2; March, 8.92; May, 9.00. CRUDE OIL GRADES DOWN. PITTSBURGH, June 14.—All grades of ‘rude oil quoted in_the Pitisburgh ‘narket were reduced 25 cents a barrel Cabell, 1.56; Somerset, iight, 1.55; Ragland, 1.00. VISIBLE SUPPLY OF GRAIN. NEW YORK, June 14.—The visible cupply of American and bonded grain hows the following changes: Wheat, reased 1,891,000 bushels; corn, in- sed 3,102,000 bushels; oats, increased 1,719,000 bushels; rve, increased 100,000 bushels; barley, increased 80,000 bushels. ATMED AT BANK LOTTERY. ST. LOUIS, June 14.—Daily cleariz= Fore bo Louls Gleasing House At “jon are belng announced in rounia munT- \ers—millions and hundreds of thou- ‘inds—in an attempt to break a wide- Spread practice of basing lotteries upon he figures, it became known today. Many lotteries are known to hlvfi Uperated, offering a capital prize C $7000 to holders of numbers c=respond- ing to the last three digits In the clear- ings, as dally. PARTS BOURSE DULL. PARIS, June 14—Trading was dull on the bourse today. Three per cent rentes, 57 francs 95 centimes. Ex- change on London, 47 francs 10 cen- times. Five per cent ioan, 82 francs 70 centimes. The dollar was quoted at 12 francs 54 centimes. —_— BAR SILVER QUO‘I'A'I'IO'!;‘ NEW YORK, June 14—Bar silver: Domestic, 99%; foreign, 59; Mexican dollars, 45%. e - LONDON, June 14.—Bar silver, perce per ounce. Money. 4% per cent. Discount rates: Short bills, 515 per cent; three-month bills, 5 9-16 per cent. —_— OHIO OIL PRICES DROP. FINDLAY, Ohio. June 14.—The Ohio 0il Company today announced a fur- ther reduction of 25 cents per barrel in price of seven central west crudes which it purchases. are: Lima, $183; llldhnl.. A Wooster, $2.05; Illinois, $1.52; Prince- ton, $1.52; Plymouth, 90 cents; Water- loo, $1. —_— Steel. PITTSBURGH, June dll.;’l;;.m?:; ice shading by independents, the w' Rail subsidiary of the United States Steel Corporation has reduced prices of wire nails from $3.25 to $3. A cut of $5 also has been made in the prices of plain wizeand berb wire per ton, — s