Evening Star Newspaper, June 20, 1921, Page 19

! FINANCIAL., _ —————— —————— —————— NEW YORK STOCK EXCHANGE. BEARSIN BLUVER’ TODAY’S BOND PRICES. 'B[]NI]S FUU_[]WIN Money to Loan Received by Private Wire Direct to The Star Office. LOGAL SECURITIE ~ AREFAIRLY FIRM Gov. Seay sfiikes North Caro- lina Myths—Commerce and v 7 Savings Pays Extra. BY L A. FLEMING. Local securities were fairly steady, despite the weakness in New York, the eales made Indicating no change worthy of mention since last Friday's session. Railway common was nominal. The referred sold at 61%. Lanston brought 75% for one ten- share lot. with more offered at 76 and 74%, the closing bid. : Potomac General 65 firm at 95. Capi- tal Traction 5s unchanged at 37. ‘Washington Gas 5s, 7. Dividends and One Extra. The Bank of Commerce an' Savings qsharcholders received checks for the regular semi-annual dividend of 3 per cent today plus an additional 1 per cent extra distribution. The Lincoln National Bank will mail checks July 1 for their usual semi-annual dividend of 3 per cent. Books close today. The Commercial National will pay 21 per cent quarterly July 1 to Share- holders of record July 25. Books do not_close. Directors of D. W. Griffitu, Inc., have % declared a dividend of 50 cents a share on cluss A stock. payable July 22 to shareholders of record July 1. D. W. Griflith announces the satis- factory condition of the corporation, the success of “Way Down East” and predicts success for Street” and “The Two Orphans.” Nailing Wrong Statements. Gov. Seay of the Richmond Federal Reserve Bank is out with an open let- ter to the Southern Banker «f Atlanta this morning, in which he corrects some palpable mistakes made by cer- . tain people at the Georgia convention regarding the effect of par clearances in_North Carolina. He takes to task L. R. Adams, sec- Tetary of the State Banks' Protective Association, charging that the claim that $15,000.000 passed from North Carolina clearing banks to the Rich- mond bank when par collections be- . come effective, because North Carolina + banks could not remit in North Caro- lina exchange and had to keep their reserves in the Richmond bank, is not a statement of fact. He quoted F. R. Jones, assistant sec- retary of the same association, as placing the amount withdrawn “with- in ten days after par collections be- came effecticve” 10,000,000 tiov. Seay says: “The par-clearance plan went into effect November 15, 1920, and remained in force until Feb- ruary 5, 1921, when the injunction re- straining the Richmond Reserve Rank from protesting checks not paid at par stopped its effectiveness regard- ing state banks. “Deposits in state banks in North Carolina_November 1. 1920, were $4.- : November 15, 1920. $5,073.314: er 1, 1920, §$4.916,710, and on Decem February 1, 1921, $4.819,478. Om the sime dates the deposits of all banks in the states were, respectively, $9,- 106,08 929.60 The reserve bank official has cer- tainly refuted most notably the $10.- 000,000 and $15.000,000 stories, since on none of the dates named was therc $10.000.000 on deposit to the credit of all banks in the state. Gov. Seay also calls attention to the fact that on November 15, the day on which par collections went into effect. the reserve bank of Richmond was furnishing $8.892.000 for the benefit of non-member banks in North Caroli the money being borrowed by mem. ber banks, and this sum was greater than the deposits of all non-member banks. member banks being. of course. subject to par collections to this day. Bankers® Aasociation. It is evident from the preilminary discussion of affairs between John B. Larner. president of the District bankers' organization, and his official cabinet, that they are determined that 1921-22'shall be a banner year for the organization. A ways and means committee has been appointed which will hereafter have charge of raising funds when needed. The president and his ad- visers are firmly convinced that a separate clearing house bank exam- $9.538.553, $9,177,763 and $7.- iner is needed in the District, from | , the dual standpoint of safety and ' credit information. that will prevent quiet borrowing at different banks and may disclose needed information as to the saving of money for the va- rious institutions. The building project is not to be al- lowed to rest. It has been talked about time and again, but the feeling this time is that it will become a fact, at least well under way during Mr. Larner's term of office. Studebaker's Remarkable Record. The remarkable record of the Stu- debaker Company in liquidating its last dollar of bank borrowings, which of January 1 totaled $8,500,000, is the talk of Wall Street. Current produc- « {ion is top record and indicates nearly 90,000 cars for the year, as compared with 60,000 in 1920 The quick assets of the corporation have increased $11,000,000. ‘Wall Street Notes. The Phelan report was presented as meaning that the Mexican oil fields were on the verge of failure, whereas he actually said that “potential pro-. duction of Mexico is almost unlimit- ed.” referring to oil. But the bears turned it around and made a fine play on the bear side to the loss of Do- *herty and scores of others. Committee of statistics and stand- ards of the United States Chamber of Commerce estimate the national wealth of the United States at $288,- 464,000,000, This ought to be an in- centive o something favorable. Richmond. Minneapolis and Dallas loom up as federal reserve banks borrowing more or less heavily from other regional institutions. \_ So far this year $303.810.468 in gold has been imported, with the chief ex- p-rtation being from England. Ex- posts for the five months were $5,- 916.961. Income and excess profits taxes pald June 16 were $111,495.077, as com- pared with §371,581,871 for the second « quarter of 1920. —— OIL STOCKS. Quotations furnished by W. B. Hibbs & Cn. Bid. Asked Anglo-American Oil Co. (new).. 1% 153 Atlantic Refining U K20 900 Horne-Scrymser Co. 330 « Cheseborough Manofacturing Co. 1gg 160 27 Ruckeye Pipe Line Co. 1 0il Co. i Crescent Pipe Line Co. Cumberland Pipe Live 1 1 Eureka Pipe Line 80 Galena-Signal Ofl a2 38 Galena-Signal Oil € 8 92 Tilinols Pipe Line Co. us 13 Indlana Pige Line C ® u tional Trau = b 240 244 20 24 405 420 138 168 340 30 k3 80 us 13 50 55 @ 70 6 ey 530 5% 38 396 130 140 07 A2 30 3% % % % % 20 20 % = \ Adams Express... 35 Adv Rumley. - u Alr Reduction 31 Ajax Rubber % Alaska Juno. L% Allied Chemlical... 37% Allied Chem pt.... 85% Allis Chalmers. ... 82 Am Agr Chem..... 3 Am Bank Noto 1 Am Beet Sugar.... 28% Am Bosch. Am Can... Am Can pf. . Am Car & Fdy Am Car & Fdy Am Cotton Oil Am Hide & Lo: Am Hide & Lea pf. 1% Am International. 35% Am La France..... 84 Am Linseed. Am Locomoti Am Loco pr. Am Radiator Am Safety Razor.. 4% Am Ship & Com... % Am Smelting. Am Smelting pt. Am Steel Fdy. Am Stecl Fdy pt Am Sugar Am Sumatri Am Sumatra pf. Am Tel & Teleg. Am Tobacco. ... . Am Tobacco (B) Am Woolen. Am Woolen pf... Am Zinc & Ld pf.. Anaconda. . Asso Dry Goods. Asso Oil. Atchison. Atchison pf Atlantic Cst Line.. Atlantic Fruit Co.. Atlantic Gulf Atlantic Gulf pf. .. Atlantic Petroleun Baldwin Loco. Balto & Ohio. Balto & Ohlo pf... Beth Steel (B). ... Beth Steel 8% p{ Bklyn Rapid Trn. . Bklyn Rap Tr ctfs. Butte Copper. . Butte & Superior... Butterick 4 Caddo Oil. 3 California Pcks. . . California Petrol. . California Pet pf.. Canadian Pacific. . Central Leather. CentrAi Leath pf. Cerro de Pusco. Chandler Motor. .. Ches & Ohlo. .. Chi Great Westn.. Chi Great W pt. Chi Mil & StP..... Chi Mil & St Ppe.. Chi & Northwn. ... Chi & Northwn ptf. Chi R 1 & Pacific Chi RI& P 6% pt.. ChiRI&Pi%bf.. Chile Copper...... Chino Copper CCC & St Louis Coca-Cola. Colo Fuel. Colo & Southern ColGaB..uvnnenenn Col Graphophone. . Col Graph pf...... Cons Cigar. . ConsGasof NY... Cons latl Cal Min. Cons Textile. Cont Can. Cont Candy Corn Products. Cosden & Co. Crucible Steel. Cuban-Am Sugar. Cuba Cane Sugar.. 9 Cuba Cane Su pf 29 Davidson Chem. 5 Del & Hudson. 92 Del Lack & Wstn. . | Denv & Rio G bt Du$ S & Atlantic. Dome Mines. 1k Horn Coal. swndicott-Johnson. Erie. Erie 15t p! Famous Playei Famous Players pf Fed Mines & Spf.. Fisk Rubber. . Freeport Texus. | Gen Asphalt. Gen Asphalt pf. Gen Flectric. en HIOLOTS. Gen Mot 6% deb. Goodrich. Granby Consol.... 174 sray & Davis sreat Northern pf. 6i%s Great Nor Ure. Guantanamo Sug.. 8 Gulf Mo & Nor. Guir States Steel.. 28 Haskell & Barker. 5% Hendee M{g. ... 3 Homestake. body Houston Oi1 5% Hupp Motors. u Illinois Central &8 indiahoma........ 3% Indian Refining... 7% Inspiration. . 2% Interboro Metro... 3% luterboro Met pf.. 10% Intl Agri Chem pf. 39% intl Harvester. 80 intl Harvester pf.. 99% Intl Mer Marine. .. 11% Intl Mer Marine pf 46% 1ntl Motor Truck.. 29% Intl Truck 1st pt 6% Intl Nickei. intl Paper snvincible Oil. 1 lsiand Oil. . el Jewel Tea. 8Y Kansas City Sou 3% sansas C Soupf.. 49 Kelly-Spring Tire. 6% Kelsey Wheel..... b2 Kennecott T eystone T! wh Lackawanna Steel 36 Lee Tire & lubber 25 cewgh Valley.... 4% Loews Inc 1% Loftinc..... 10 Loose-Wiles. 34 Lorillard. ..... 0% Louis & Nash Market St Ry. Market St Ky prpf. 36 Marland Oil. 1 Marlin-Rockwell.. May Dept Stores Aexican Pete. Miam’ Copper 2iddle States Oil Aidvale Steel. .. Minn & St L (o). Mo Kan & Tex. Mo Kan & Tex pf.. 4h Ao Pacitic. ... Mo Pacific pf. Montgomry W Natl Acme Natl EnameHng... & Natl Lead. .72 Natl Lead pf. 100 New Or Tex & M... 80 N X Central, . N ¥ Dock.. NYNH & Hart. 3% 3 3 u 2 3 31 2% BH W D 7% 36k 8% E6l 32 9% 3 8 49 49 % 2% w34 2% 15% 108% 15 10% v st 357 3 8% 8% % o2 5% T% o8l MY () 69 9 a's 4t & 7 @ 102% 116% 5 [ 2% 87% 94tz 8l [N 860 104 174 16 8% 5% 49% 8% u5% 108 4t 17 17 W% NYOnt& West... 17 17 Norfolk & Westrn. 91% . 91% Northern Pacific.. 6% 6% Nova Scotia Steel.. 214 2% Ohio Body & Blow. 8% 8% Oklahoma Prod... 1% 1% Orpheum Circuit.. 26 24 OtisSteel...ceeeee 10 10 Pac Development. 12 12 Pac Gas & Elec.... 80% 50% Pacific Oil. . 2% 8% Pan-Am Pete % % Pan-Am Pete (B). £4% €% Pennsylvania..... 33% 334 Penn Seabd Steel.._ 7% _ 7% People’s Gas...... & 48 Pere Marquette... 18 18% e Petroteim 11 I lips Pe e > . 1% 19% 8% 8% 8 6 Pitts Coal... . 56 Pitts & W Va 26 2% Pond Creek Coal, 4 u Pressed Steel Car. 65% 65% PublicServofNJ. 6 6 PullmanCo....... 9% 9K % 2% " 1% 2% 10% 1% Riggs Realty 58 (short). % tember to 1.23, were followed { Washington Market 1927) freight tariffs and those which are - < 38 Sy s The midday break ; 3 Warbingn SRS AR B I Tee ne more practical explanation | b materigl” furiher setbacks. and |off to 1045 "ana e Tarien .vu‘r’,” Association press‘on ve: S8 in o rails is 3 3 5 al 3 ver. ized 1579 1a1 TracFUBLIC UTILITIES, | ether too much advice durini the la oPening % off 10 % UD-[to be a better demand below iy | 41st YEAR COMPLETED | iy 4 pital Traction 4. | i While business suc- s 264 % . THE EVENING STAR, WASHINGTON, D. C, MONDAY, JUNE 20, 1921 FINANCIAL, ¢ 19 $50.000—7% intereet, in sums of $1,000 to §.- 000, secured by first deed of trust on real estat: Joseph 1. Weller A2 Wash. L & Troxt Noon prices repgrted to The Star over direct | Sinclair Cons. Oil Corp. 7%s 1925. Co. | Southern Pucific 1st ref. 4s. | Southern Pacific conv. 4 New York-Washington wire by Redmond & Punta Alegre Sug. 28% 28% 2% 2 City of Parix 6s 192, 99% | Southern Railway gen. 41 5 ;ml-leoll..... . 25%% 257 25 French Government 8. w% Bouthern Ruilway 5. ailway Stl Spr. .. % % Government of Switerlund Ks. 104% | Union Pacific 1st 4s. Ray Con Copper. ., 12% 1% Kingdom of Belgium L. 98% [ Unjon Reading. .. o I 1% U K. i B und Iretand Slgs 19 9% | Union Pacil Reading 2d p} o v i 1 and Irland 350 102 "’ — . . and dreland NEW YORK, June 20.—The bond Remington Type. . 8% 1% 1T Replogle Steel. ... - market felt more than any day 80 i 4 wi|New Laws on Steels, Loco- Rep Iron & Steel, . Co. 4t Virginia Carolins te weakness on the nockl Rep Iron & St pf.. 1% e rontks & Wilion & Co. 1at 6s. Liberty bonds: were not oyal Dutch. ... .. 50 e i s S Dt X i ’ ccted. Nwither were the s SCL'& Sar Pran s motives and on Oils—Rails more . O e I SHORTTERM; SECURIT] of “uropean overnments StL & San Frpf. N ors el % municipalitics. But bonds of domes- St Louis Southwn » Are Weak Baltimore and O} Ti% tic corporations were off very gen- St Louls Sown ot 3 . Rethlehem Steel ref 81" | American Tel. and Tel. 6s 1922. erally, and in some instances the de- g pf.. 3 i y Cunadian Northwestern 7s 104 10134 | American Tel. and Tel. 6s 1924. cline was quite sharp. ;-2:::‘5:5‘.35.::“&~ 2% BY STUAR w il Leuther 0 Thread Co. s 1928 St. Louis & San Francisco issues, - 713 SR i | Centrl Pacitie x 1980 700 0 Tobacco Co. Ta 1921 despite t ‘orable carnings i- Sencca Copper. iy NEW YORK, June 20.—Everything ket Ol v, T8, 1% | Atmarican Topaces Co. T+ 1% orr oF the raad. were under ressure ’s Fi . Shattuck-Arizona., 6% in the financial situation today sgain and Ohiu B, | fmericen Tovaem co 5 1o ton of the road. were under pressiry; || There’s Financial Safety i Shell Trad & Tran. Prity was subordinate to the development AT A ., 5 two points and the prior lien s off || « SinclalrOll........ 19% in the stock markelt. The same bl R O 1041755 Compared with 73, the hign | [ in Auto Insurance, and Biig | 1100 hem Steel Tu 1922 11 ¢ al Argontine 65 1 | Chucago, R. 1. & Pacific 6+ 1922, .| of lakt week. In spite of the denial 5 T VY 1of the unfavorable rumors of Satur- || There’s Cerumly Danger “%|day, the New Haven debenturc 6s broke through the 60 lével. Missouri Ahead Pacific 18 got down to 513, or half | teristics shown all last week apparent in the move- A large number of uthern Pacific. uthern Railway. 187 5 7 Stand OilNJ pt. .. e il were once mor. lnu nt of pric Siazoaasony stocks were heavily sold and broke point under their previsus low for | Studebuker badly. Many new low records were Copper. the year and 6 points under the 1421) X 3 Tonn Conger Copper high. Not one of us can picture Seaboard Air Line adjunxmtnu‘ tade, vint to 30 and the refunding D a1 s s 2wg| Reports from the st % 19 19% | Sunday secmed to be more p. imis- 20% 18 ‘18 |tic than ever regarding the chances 82 80 Bl [of an early turn for the better Ap- cation for # receiver for one of the ile ats impor- rved to lost & 45 were off nearly In some other rails the average Tenn Copper. Texas Company. Texas & Pacific. Texas & P C & Of Tobacco Prod. Trans Contl Oil. - Transuc & Wilms. sow 30w 30 3 |P! Twin City R Tran. ssly 8% 38 88 | minor oil concerns, Union Oil. . o I 18% 1T 18 tance was unduly n Linjen Paciflo.-- 1184 1% Uitk 12 |bring to notice (he dupre United Alloy Steel. 204 204 19 19 |°il trade. which in another wiy was United Drug...... st &1 examplified by a fresh cut in gaso Inited Fruit.... . United Ry Inv.. Copper Copper Export Cudnly Packing Co. B.F. Goodrich 7« 1 Gulf '0il Corporation 78 1933. J. Heinz Co. 7% 1930, King Valley s 19 Humble Oil 7s 1923, Kenuccott Copper 7s riy a point to 38 the future. That’s why we take out fire and life insur- except in_some of the convertible which, being more to the | ance and that is why auto -l centers over i 1 Mere Ttapid Transit Ist vitle aad Nashviile Ts 1930, isas witd Texin 150 4x ife g in. movement in stocks, went off more. = B 2 | Mexican Petroleum XS broke again msurance 1s becommg »0 popular as an investment. i i following their 4-point drop last| week., At 93 they re off 5 points Let us explain its complete protection. from their issuc price. The weakness in th and in the Pan-Ame: 2 fears Jochr & ¢ troleam 78 drew forth a statement ochack & & i from the syndicate manasers in which y it was said that Mexican Petroleum of May had over sion in the H. J. Reynolds Tob. on the first day srt that the administration at $29,000,000 in qui United Ry Inv pf.. would insist upon @ | jiudine g Orteage: 4} urrent assets, of B F SAUL United Ietuil Sirs, 53 reduction in xS R Franciac i whieh hearly $12000.000 “was cish, o L' . CSC ! it e to | St Taouts and X while currint )i including 1| us;‘-‘;t‘a({-“.f!“' v, was made much | St Loubs il N el ere S1ATTL000, Ear A < rod. . Wuthority wus alto- | Seabuard Air I ings for the proscnt calendar year utomobile Insurance U 'S Indus Alcohol. U S Realty. U S Rubber U S Rubber ist pf. U S Smelt Rer pt. U S Stuel. Seabacd A Line ad) are estimated at over $22,000,000 aft- A D1 31 o |G e s i the con- || 934 N. Y. Ave. NW. Grain, Produce and Live Stock|™"" "ot vim oo : 1 ! Cuba Ca Sugar s i i d 3 3 N AND PROVISIONS. LoC L BT B — er ta s upon nt fed the new materi U the speculative moven common and shares of the in- s were equally weak, ckard Motfr ss were off WHOLESALE MARKET. |low at 68 U S Steel pt. .. made new lows S ol lows ALTIMORE, June 20 Ezgs—Strictly | half point to 943 On the other 2 H Utah Copper...... celling of the American oit} B zgs—Strictly fresh, per doz., 9 feid s her| $5,000 Life Pol $57.35 Vanadium Corp... Which had Heud up compari- tutoes, white, No. 1, average receipts, 27, hand ficld s held steady | g if l"’v - 85 rallied to 99, | Age 40. Send date of birth for ilustration ment that the |and particulars at your age. X : LE ROY_GOFT, Insurance Adviser ut prices on IS | " Room 610 Woodward Bullding. M. 340, SAFETY —not only a promise, put an established fact when you invest in at despite the latter company truck tires st MeCormick: per during the smash n Petroleum. w Cobblers, 50a60; new potat Live poultry—Rooster: et osters, per Ib turkeys, per 1b, 33a35; chic Spring, per Ib., Va-Car Chem Va-Car Chem pf. 150460 Vivadou... . Wibash + g;: s bbl, 1.00a3.00. Asparagus, per doZ.|iS: Keats, young. each, 60a75; chick-| The only new issue of importance WAt S e th 1.5023.5 srecn and wax, per | €% WInter, per b, 33u40. brought out today was the $2.500,000 Wells-Fargo Exp. i bushel, 1.50a1 Beets, per bunch,| Dressed poultry- h-killed spring | offering of Dominican Republic four- v 80 Exp % 8% | sompanies from chickens, per 1b,, 50a55; hens, por Ib, | year customs administration § per estern Md western Md 2 Western Pacitic. Western Pac pt 30; roosters, per 1b. 140 keats, young, each, ©ns, winter, per Ib., 35a4 9 ¥ lit, and in some e 1% 16% | "1 i It is not believed likely that the - 6. authorities at Washington will be- Western Union.... 8its »i's W bin|iin lowering rates until the situa Westhse Air Brk... 29 5 88 8 |Uon has been gone into thoro Wesihouse 15 & M.. 3% 3% 4zbs @i (@nd the reduction, when it does Wheeling & L E. take Into account e W heeling & I E pt. necds of individual industries. e hpl, I B question that the im- urkevs, 3% | cent gold bonds ¥ ehick. |, There was unusually heavy trading in Mexican 55, which brohe nearly § Pork—D: _|poimts, the 45 also deciining sharply. medium, 15011 heomall per Ib. 15: The sclling might have had rome con Live stocko oy v¥. 10a13; live, 8. | ncetion with the news that represcnt : 1051Y¢, Stock—Calves. choice, per Ib.,[atives of the oil companivs were in | Peppers, erate, 2.0043.00; | 102 s, choice, per lb., 11. consultation with the Seccretary of dishes, hundred. 1.50a2.00. R {Green fruits—Apples, per bbl., a_onalsuue, urging him to intervene and ob- rb, hundred, ad00. Spinach. 110.00; western, per box, 3.50ad.50:|tain & relaxation in the one White Motor 00w it basket, 904 | > rous Mexi- | hi 2, = jon given out from high qus <hel, 1.25:1.50. sh. basket, 902 | California lemons, per bo 20:1can tax decree. | Wills-Ovia e oy ang | L its eftect uy titud Selling Prices at Noon. Florida oranges, per crate, 6.00a vty g shippers generall one of the A 7isa etita, Erapcfruit, per crate, 5.00a6.50; NOTES 2 28 |causes promoting business stagna- strawberries, per quart, 20a35; peach- winter, gartic] cs, per crate, 3004 oo, Securities and Commoditles |2 | Coffee & Sugar Exchang Associate Members of Liverpool Cotton Assoclation. bushel; No. 2 per e COTTON MARKETS. \v::um:-ur:h ....... w 1w 1w 1w |don. quotations’ on June and orthingtonPmp 41 41 @« Break on Guffer Oil Trouble. L : Vegetables—Potatoes, new, No. 1, Review Free, Upon Request. | High. Low. Last. | The main cause of the heavy selling bushels of No. 2 red win- [Per barrel, 3.00a3.50; yams. per bar- | INTEREST Call Money..... 8l 6% bW |in American oils was the announc - 1. per bu: g o ,;M-lflg' ':‘l‘““- ne%rby. per | | ment that Tidewater Oil had applied | hushel red winter, garlic e. 1004150; celery, per doz., 1.00a HOURLY SALES OF STOCKS. |for a receiver for the Guifey-Giles- | 1430 per bashei: 1000 bushels of Romaine fettuce 100a1.507 cym .A.Dlousman&o. 1lam..... 261 700 12M.... 467300 |pie Company., the m ty of theiNo. 3 red winter, garlicky, 1.37% per harrl:ir a(;am' 1.50a3.50; spinach, = B 1pm.... 06200 2p.m...9780 |stock of which is owned by Tidewater. | bushel. DAl g o 5:00a4.00: Kale, per barrel, 20 Broad Street, New York 'EA 0 g It was not clear how far this appli-| Corn—Cob, new, vellow, 3.80 -0041.25; penpers, per crate, 2.503.50° | [f 1 ppli- | nearby, per by & EMBERS jeation wus due to the unfavorable|per barrel: for white, to 20 periml s onfony 1” !a,_qaurr . 6.00a10.00; | 2 MEMBERS: Washington Stock Exchange. | conditions in the oil trade and how barrel lower in aroid lots: contract rarmions, 17522.00; new cabbaze. | i Xew York Stock Exchangi— £ —in your mail the day it is SALES, far to a family dispute regarding “"‘10“";“ 43 i v"""‘e"' "l‘m“, posord, exzplant, per cratn uzn:tl?\;r:'hol ;gfl & New York Cotton Exchange- [ d y Cashin ey anagement But at all events thelyellow, No. 3 or better, dg . | ataes, e grate. 2.00a3.00; to- 2 — ue. T ion Haflway 4e=$1,000 av a1, 81000 | T Oy o T iD apbeal, It was felt, would | white, 46; No. 3, white, 157 saslparml:?:é 3'}.’3;“‘33' "‘?,';h Car N. Y. Produce Exchange— flectric gneral mortgage 6 have been made had the Guffey- | nearby. per. doz,. 1003325, v | (3 Chicago Board of Trade—N. Y. been solvent. The incid. m} SHANNON & LUCHS Bag lots of nearby rye, a8 10| Adams early," i 0as s onotype—10 at THby. i AFTER CAI%, Capital Traction 55—$1.00 at 87 ittention again upon 0¢1.30 per which most of the | < the re- 713 14th St—Main 2345 the heavy losse: oil producers have suffered per bu Washington a1 EW K, The cof Washington Gus g sult of the enormous shrinkage in . Jomind NEW YORK, I 20, Money—Call loan, Ga7 per cen prices since the first of the year. Tex- |ard timothy, 32,0022 ll."l‘(\’?h) market showed rencaed o e cotton 50; No. o g ; c Himet h weakness early o Bia and Asked Prices a6 Company and Sinelair were the [1hY, 20.00420.50; N b today owing to the continuan e w Offx BONDS e " i e e N et v e, 1508 | s s ovvane o 0 || Washington Office PUBLIC UTILITIES, Erolniwag, At {1900} No. 1 clover, mixed, 19 eather for the growing crop and liqui- Main Floor Corridor Kinettoan e B, A-_};;L Rails Weak A:nln" ; ; .lli.ullal .00 32 3. | was easy m“ayd:;:-;;a;:;s“ ’l‘;he:gope’ninuF ain rloor Corm n Tel. i\ The selling movement continuing fn No. 1 clover, 15.00alS. 4 points, rood ; Lol and 85 87 [the rails was partly affected by re- . 12.00a13.00; No. 3 10.004 ;‘,,";;‘,“';,fl?(;‘e maonths soon showed net Woodward Building L aud Tel ui ports from Washington that a gencrai & hay. 10.00414.00. o rocoras 2 45 points. making new {{ Telephone Main 2040 stin and Potomac 5 cut in rates is fmpendi e re- . 1, weak: No. 1 straight ¥ ‘elephone Main el = ithority. They Simply 1 tangled rye, 17.00; | ooekires opened easy. * July, 11.00; : | ports cited no Vasserted that at the i w % )time ago between the President the chairman of the Interstate merce Commission the former expressed himself very strongly to the stia and Potumac guar. 5 70 1.'5s. ¥7 863, 1.00: No. 1 wheat, e i iopecember, 12.35; Janu! ¥ wheat, 13.00a13.50: | *"}; 5 86, Xo. 1 oat, nominal, 15.50a16.50. Icrfi:;‘e:iuog]lerllr‘l)g:rag; meer':arrl?a = CHICAGO. | June 30— Favorable|mained extremely nervous and un e T e Sruetig | Weather for harvesting. together with | settled late in the morning. Thone e ety o Business reyival, jepression in the stock markel, had a [ was continued pressure of offerinrs {On the other hand. memhers of the;learish «ffect today on wheat Trade|from Wall street and western sources 0 1023 | commission are understood t a|litcked volume, and prices were easily jor the south July contracts broke e O, 8l%ldiscriminating cut—that is duenced. - Opening quotations, | to 10.53 and October sold off to 1135 -6 2y Wk o O Nich will distinguish between | Which varied from 2z to 14 lower.|making net losses of some 65 to 70 | & commodities suffering from present| With July 127% to 1.27% and Sep-|points. 104 CHARLES R. ALLEY, Mgr. What's Their | First EQUITABLE Co-Openfiv.e'Buill!ing Washington Kwy. Wush. Kwy. and Elec. MISCELLA. 863 | month or =0 to “buy the rail: A lot of small people followed this advice - tand created a vulnerable speculative ing September at 63% to 64, thel cont le era steadier, ‘with prices showing rallies | Assets .. Surplus ... hington G rfoik_and W cesses are not solely de- Rwy. and Elec. com.... 25 32’ e 5 Oats were governed by the action of w R d Elee. pfd. sition, which the hear crowd Satur- -y B n by e action of | of geveral i - Washiogtonvirginia ico: pri. % % |Gay and today set about exploiting. (Uher corealy, starting ynchanged to | (oo omf’a"k"i-} frony e ;;Ww- i|l Save If You Would Succeed ||!| p;:g:m'he“p‘:g er“l':il:; ~ M €1 S . et pihon ) .—Favora H 'y . American Some Accumulation. 45 U underkoing a sug 4l around. | Fether conditions over the belt and pooy (|| o A% 0% earn. and you wil begin p hel - brow One house with Ch o connections! Higher quotations on hogs gave Liverpool cables sent the price of eotton 1o get akead in a financial way and be nevertheless, proves an a reported today that the w was in [fitmness to provisions. to new low levels today, the trading ' the market on the buying side. This| Weakness in cotton as well as in |months losing 42 to 54 points in m’:‘;’:fi was the first time that this has oc- [stocks led to additional wheat de-[hour of the session. July fell to 10.23 | prepared for emergencies that may arise later. Subseriptions for the Capital : g;fi’::x‘:hl able stimulant. District Take a quick eye-in- 230 H -t curred in a considerable period. It jclines later. The close was heavy, 3 and October to 11.02. Selliny i Tt maid that the busink was cov- |0 4 cents net lower, with July 1 743 | all directions, and mich of 1t plaimiy v | 815t Issue of Stock ventory of YOUR of- L1682 ering of short contracts, but the inti- [to 1.25 and September, 1.20 to 1.20%. | for outside account. J Iy DOES s mation was siven that the west was| WUBAT— onen High low Ol oFutures opened steads. July. 1050; Belag Recelved fice. Real Y, now, Cold going long of stocks, thinking them |July 1 1200 123% 1243 T, 11.23; December, 11.68; X ? Could- e Attractive at these levels. September TE 108% 130 |ary, 1181; March, 12,15, Jhatt Shares, $2.50 per Month 11 measutemp : vire house with a Chica; CORN— n’t Miss Smith stand a d TRUST COMPANY. Another wire house th a go July . 6oy —_— 4 Per Cent Interest Ay ’, American Security and Trust... 220 correspondent received a message |optember 3% CURB STOCKS. new chair? Wouldn't a e ohtal Toust o 74 from the west today which said: “All|™ 0 re— I EQUITABLE BUILD : : tional Savings and Trus 270 of the regular customers failed fo put =% g7y, | Quotations furnished by W. B. Hibbe & Co. ! Q ING table in that corner im- T s 120 in an appearance this morning, but ~ 3914 5 24 there arc a lot of bargain hunters in YORK, June 20 —Flour—Un- | serma Explost 915 FSt. N.W. prove the office appear J ) . the boardroom, and this in the past|settled; spring _patents, $.90a9.40;[ aliied on" o, JOHN JOY EDSON, Presideat ances? And how about Commerce and Savings - 155 has been a sign that the market was |spring clears, 7.5028.00: soft winter | Arkansas Natural Gai H 8 !ll FRANK P. REESIDE, Seey. a new desk for YOUR- 1 East Washiogton 2% near a turn. straights, 7 hard winter [ Bir Ledre w i Eas : Merchants' . 147 5-16 H bLLF3 . Ten . ol gl it COCA COLA DIFFERENCES o | s to Minnix sales- ington = ; % | rooms are indeed profit- : |TO BE ADJUSTED, IT IS SAID i = eoisies aodalc-d pooft : Arlington . ° " Carth Toaiine oy able to all purchasers, Corcoran . l# DAIRY MARKETS. R‘z’: "2‘ .‘,,, h for we combine money 3 > —| Cities Servi ! 5 4 x e = :|Agreement Reached by Which |, BALTIMORE, June 20 (Special) = Cities gervice :1-;1';?;" % savings with business TITLE INSURANCE. Litigation Over Contracts Will |leghorns. 38a42; old hens. 27a30; 0l | Columbian Fmerald . % MEMBERS: equipment strength and Columbia Title o4 rcosters, 16a17; ducks, 25a: SPring | Consolidated Copper . 1% "A y . b Teal Estate Title Be Settled. ducks, 30a36; pigeons, pair, 35a40. Continental Motors . 5 Fied New Y St Ex eauty. SSCELLANEGUS. i Egs—Loss off, mative'ana nearby | Comop Cold = e & ew York Stock Exchange Columbia Graphophione com ATLANTA, June 20.—Steps will be | firsts. dozen, 26; southern, 25. Davis-Daly: .. [ H 2 Vierchants: Trauster & Btorage, | taken during the week to put into| Butter—Creamery, fancy, pound, 34| burant’Motors - 2 o 11 Broadway, New York Dosks, (Chaiss, Tables, Merchan TP prints, 33a35; nearby creamery, 31:|Eik Basiy u ! Costumers, Card Files, Mergeotaler Linotype 109" 119% | legal’ form essentials of an agree- | Tadjew 10a21, rolls 16220: dairy prints, | B g 6 7 3 wid llJ,umhfih‘kl“ ;‘:‘Ifl adles, a2l; rolls, 2 ry pi 3 gineers’ o % vufinl Fik‘. M Old Duteh Market pfd. 2 v 0 Farrell G 3 - = i Smitie s Tow|attomers reprosenting the Coea Cola |ter 2inds. " 10 s G £ N Washington Office cases in wood and steel N . = (ol bottling companles, under which |creamery exiras, 33; standards, $2%i | Gilliand Ol - o Exclusive agents for —_— volving the perpetuity of existing | fFsts, 28a32; seconds. 24l - ;| Glonrock O o1 < |NCOLORADO BUILDING Wales Visible Adding FOREIGN BONDS, contracts between them is settled. BES S L Py i | Guffey-Gillesple . !“, Machine and the Mar. v according to late Information. The |fArsts, 24: standards 244; ordinary | crapada Ol ... i T Mai = Quotations furnisbed by W. . Hibbe & Go. | BCOCHNE, [0 181 TR, G wili | Arstsy 208215 at mark, cases included, | iecy ©. %! ‘elephone Main 1603 chant Calculator. I'rices at noon: a23. fercules Paper 1 R o provide for the dismissal of injunc- . J 7 s i s Derlin 4s;....... 1% German gor. da.. 13% | fion proceedings now pending before | | Poultry-nalive. higher; fowls, 26; | Indian TackloK 3 N Give-up business invited Greater ‘,‘;.'_. 1 144 the United States circuit court by | broilers, 32a40. International Petroleu: 9 N ire e Bagr s 3 | consent of all parties, and the old re-| NEW YORK, June 20.—Butter—|Jerome Verde Blei 137 ArVEi"Ges 4038 34% | lations existing between the com- | Firmer; receipts, 8,032 tubs. Creamery, | Kay County G 18| N 14 Mein'ger Bank 4s 161 | panies prior to the litigation virtual- | higher than extras, 33%a34%; cream- {::E g?n?‘éu .. ) 151 N Dresden_ 4% lbk Nord. L. Bank 4s 1635 | Iy will be restored. ery extras (92 score), 33a33%; cream- u“'m e 23 26 ( Duesseldort 4s. The agreement, it was learned, pro- | ery firsts (88 to 91 score), 29%a32%: | yafrd, Ui’ - 18 2, na: Evmen da... vides that the Coca Cola Company |packing stock, current make, No. 2.|Magn Vatley 3 B o Erannfut & % | recognizes the contention of the so- |18%ald. Merrit OIL . 8% Rl The Jamburg 3s. called flrs}-llne hé.)ttlercn lthnt their Enssr-‘—St;adx;:"c;e:;lgl:,nm:s.sgg mgw::: glxll ;;:’m, § 3 v th . Fresl A S, Hamburg 3! gontract with the Coca Cola Com BNy | S (reoh sathercd frsts, 25asith: Hidweat Stenflng 10 % | N, line bottlers, under the agreement,|state, Pennsylvania and nearby west- ,:;‘;‘;:";,:;’,’;"""" 33 By | accept & resdjustment of the price |ern hennery whites, first to extras, 29 | New Cornella - % = — 2 | the Coca Cola Company will charge|a38: do. browns, extras, 33a34: do.| Nini 1, 18, 925 52 | them for sirup for bottling purposes. | gathered browns and mxied colors, | Nobl o A SAFE German gov. 3s.. 12% Belgian Rest. 5p. 72 German gov. 8%s 12;: Belgian Prem. Se. (i —— PARIS BOUBSE FIRM.' PARIS, June 20.—Prices were firm on the bourse today. Three per cent rentes, 56 francs 55 centimes; ex- change on London, 46 francs 16 cen- The bottlers will continue to pay, |firsts to extras, 253%a32. North Amer. P. for the. present. the price fixed for | Cheese—Steady: receipts, 5,087 boxes. Nortiwesters O the sirup by the courts in a recent | State, whole milk, flats, fresh, specials, | Pmar Oll (new) decis{on, which is $1.64% a gallon, |153%a16%:; do., average run, 143%al5% | perfaction Tire It was agreed that when the pres- |state, whole milk, twins, speclals,| producers and Refiners' ent stock of sugar, bought at high|15%al6; do., average run, 1435a15. Radio com. Radio pfd. e price by the Coca Cola Company Dadie pra. .. n_Consolidated Creek Producing . FE# “oxes | CONSERVATION during the sugar shortage, IS eX-| cHICAGO LIVE STOCK MARKET. conservation of his time—and in hot wea- hausted, the price of the sirup to| ‘CHICAGO, June 20 (United States - a b PP PPullnnnanSia_toa oxBal times. Five per cent loan, 82 francs k i i 70 centimes :’f{:‘a dotar “vas quoted e etass b conts & sat bureau_of markets). — Cattle —Re. | Mt ek (uew) o, s ther is apt to be equally careful of his en- ncs centimes. T - | ceipts, 17, ead; dry fed steers and o1 » . A Lo s e Eovtlers, making the|she stock strong io 5 higher: plain St Peted] 3 t ergy—so he patronizes the Metropolitan, > inds, steady; to ear- | Bourh Co . .. . . SUGAR MARKET QUIET, |cwwel price $112% @ sallon nel |3 0087 nandyiweight atears. S35 | iets o ot Anerlca L which is handy to everything and provides y bulk butcher stock, 7.50a8.50; buik fat | S¥ nal 2 ; iti : NEW YORK. June 20. — The raw MONEY AND EXCHANGE. She stock, 4715a6.25; canners and cut- Tencodh Dinide. Jse % under one roof facilities that meet all his gugar market was unchanged early | NEW YORK, June 20.—Prime mer-|ters largely, 200a350; bulls, veal|inites kastern... .. 1718 1948 financial needs. A heavy; sterling sixi lay s ane ologna bul L 4. .50; butch- | U. 8. Light an du x . = ISingoesirapceled 1o a losal nefiusriatie D ircial” sixiy-day bilis on banks, |er grades mostly, 5.2526.25; bulk veal Caitéa Froe Shari % Washington's Oldest National Bank will take Raw sugar futures were steadler on | 3:72%: commercial sixty-day bills, |calves, 8252900, pleasure in lightening your banking problems. AW Bugar futures were steadler on |3724: demand, 3.17%: cables, 3.77%. | Hogs—Recepts, 43,000 head: aotive, | U:. i Ferait 16 i ests, with prices at midday 6 to 7 |Francs, demand, 8.14; cables, 8.16.. Bel-|mostly 10 to 15 higher than yester- | ynited Texas " e e e e & at%n” | Eian francs, demand, 8.04; cables, 3.06. | day's average; some lights and mixed | Warren Bros. = e e A anzed. Fine granulated-was listed | Guilders, demand, 33.30; cables, '33.40. [up more; practically all sold early; | Wayland Ol ' ° S by all refners, with the do | Lire, demand, 5.06; cables, 5.08. Marks, | top, 8.60; bulk, 8.15a8.45; pies fully | Warn 1% etro an mand still light. ; Gemand, 143: cables, 144, Greece, de- | 26 higher; bulk, desirable, 8.10a8.25. ~ | West, F ni 1 There Were no transactions in re- mand, 6.30. Sweden. asmand32b0, Sfllfem“:”‘!;-'«m‘gifgf head; gen-| 'CuicAo— o ay, demand, 14.55. rgentin e- | erally o 7 3 S very | A r ather com.. . o2 fried Zututes up (O INNAY; Tond 3087 Brazillan, demand, 12.00. | heavy ewes up’ more; Idaho lambe, .:fl:?.r Lantner pta % Capital, Surplus & Undivided Profits Over $1,500,000 - 5 t ; top natives, » | Anmoer pfd. ... ® BAR SILVER QUOTATIONS. Montreal, 11 3-16 per cent discount. 12.65 straig early, Patking o U. S. T _107 Y old Government bonds, steady; railroad | 12.00; some held higher: bulk natives, H’:‘,‘\'.'}" NEW YORK. June 20.—Bar silver: | bonds, irregular. Time loans, steady; |early, 11.75212.00; few choice light na- Xaijonai Domestic. 993 ; foreign, 59%; Mexican | sixty days. ninety days, six months, | tive ewes, 5.00; bulk fat ewes, 3.50a swir: & o wollars, 16. 6l per cent, o 425, * Culon Curbide 0 . 3" § |ment reached late Saturday night by |18a20; store packed, 16; process but- | Eureka Croesus ;