Evening Star Newspaper, June 21, 1921, Page 20

f i !‘ i i . | . " ) THE EVENING s'rm WASHINGTON, 2 |PREPARATIONS FOR JULY 4 GIVE SPIRIT TONEW YORK TRADE Bouth Pena. Ofl Co... .18 Bouthwest. . Pive Lins G0, s Standard Oil Co. Callforaia. o, & 530 030 380 303 180 1w o rd (Iu C th :‘:'l’l:l. Finfl ‘ibm 25 8“-? . - Union Tank Line . R, e % |Retailers Offering BALTIMORE, June 2L—Arrivals of bananas from Jamaica are phenom- enal, there being 67,843 bunches on two steamers. The Manchioneal tht 37,943 bunches and the Bella 29,700. Ciabo will arrive tomorrow with a cargo from Tela. BY JAMES ALLERTON. Spectal Dispatch to The Star. . NEW YORK, June 31.—FPrepara- More than a very valuable reference work— these maps and their indexes “cover the world” in a helpful way and are mterpreters of the d:uly kaliedioscope called “news.” The “center of interest” in news columns Today some tiny speck in mid- Pacific may be affecting world-harmony; tomor- row. you see it again—but you don’t even know where it is, much less its status. That same piece of news may come back into papers time after time, bringing you a vague determination to “find out about it.” With THE STAR’S maps you'd get the essential details without delay. changes daily. More than ten thousand questions concerning the countries of the world—form of government, capital, language, religion, etc.—are answered by the indexes, together with the census figures for 1920 of U. S. cities of over 5,000, while the colored maps of the World and the United States (both tions for the close-down over the Fourth of July are proving a declded factor in the business situation throughout this section. The retatl merchants are in the midst of a de- cidea spurt, with especial demand for summer clothing, sporting goods and vacation socessories. Factories and manufacturing plants, however, are deferring any increase in activity or production until after the holiday. Retail merchants are offering some attractive bar; is_slong the 1in World Today U mted States dustry, that b b 'u:nvdy nther tnn hv n islve wait- fnlcuvny in jobbing and wholesale lines may be attributed in part to approach of the semi-annual closing ?u:connu. stock-taking and inven- or! tog s s easier throughout this sec- tion. Collections are better and many concerns are steadily lluuldnlnr their loans. The increase in ding 1in the greater city continues and dry goods prices are steady with fair de- mand for future delivery. Pittsburgh Cutting Costs; Building Is Still Tied-Up BY H. B. LAUFMAN. Special Dispatch to The Btar. PITTSBURGH, June 31.—Manufac- turers in this district are cutting pro- duction costs as an essential to re- turning industries to normal. These reductions in costs and accompanying lewering of selling prices, have not yet resulted in stimulating trade, but Pittsburgh was one of the last polnu to feel the depression in business, and is expected to follow others in revival. The McKeesport Tin Plate Company has increased its operations to twenty- eight hot mills, but in the Mahoning valley operations of steel producers BUILDA&LIMITLESS SERVICE B U Y, LG EPOW printed by Rand-McNally) are supplied with the ; Pleasants Instantaneous Finder, which shows the exact location of any place sought. Come in The Star Office and inspect these maps, If you want to keep up with the news, you will be much obliged at the opportunity to get one for Seventy-five cents! TILE ASHER FIRE PROOFING CO. 9IS SOUTHERN BUILDING The investment required to get that as to be startling. Many Burroughs Machines are sold at prices as low as before the war. You can buy a Burroughs Adding Machine as low as $130—a Bookkeeping Machine as low as $550—and all on easy terms. The savings which the machine puts into );our business begin at once to help pay for it. You simply put it on your payroll as an employee and it pays its way. Don’t take our word for it—thousands of Burroughs users will tell you that they have paid for their machines out of the money they have saved. We don’t want you to buy a Burroughs Machine until you're satisfied that it will actually pay i business. Call us on the telephone and let us figure it out - with you. Adding Machines $130 and up; Bookkeeping Machines $550 and up; casy terms, small down-payments. Burroughs BURROUGHS ADDING MA Washington Office: Telephone: Franklin 6220 Seeking Business Activity—Situ- ation Elsewhere. The merchant who doesn’t own the means of getting daily knowledge of his business is literally chucking a tidy of hard cash out of the window before he locks up at night. That money would soon pay for a Burroughs Machine. Burroughs Building, 724 Seventeenth Street Northwest are that prices for yellow pine will not be further decreased. PHILADELPHIA, June 21.—Plans have been completed for the tranfer of millions of seedlings trees in state plantations to sections selected for reforestation under the plan of State Forester Pinchot, which involves the expenditure of a million dollars. Attractive Bargains, Hoslery. NEW YORK, June 21.—Demind for full-fashioned hose has caused con- siderable speculation among jobbers. In some cases they have been able to obtain high prices for white2 silk hose, which they controlled. ~The leading factors in the artificial silk division are sold up through August. Most of the full-fashioned mills are 80ld into the first of next year. Glass. PARKERS LANDING, Pa., June 21. —The Wightman Bottle and Glass Company has placed two more shops in operation. Paints and O1l PITTSBURGH, June 21.—There has been an unusual demand for pain and olls here in the last few days. During and after the war palnting of homes was generally neglected on account of high prices of materials and labor. With reduction In price: many householders are purchasing paint and are doing thelr own paint- ing. have dropped to about 20 per cent of capacity. Practically all employes of the Carnegie steel plant except fore- men have been notified of an indefinite lay-off, even repair work being post- ed. pon Ofl operations are limited and drill- ing ocompanies have canceled orders for pipe and supplies. Prices in the bituminous coal market show little change, with most of the mine output going to the lakes. Building is still tied up by disagree- ment between contractors and workers over wages. Retall business is spotty, although one large department store is celebrating the fact that business so far this year has exceeded that of a similar perfod of 1920. Farmers Aid Normalcy; St. Paul Trading Slow BY L. 8. McKENNA. Bpeclal Dispatch to The Star. ST. PAUL, Minn., June 21.—There 18 no stagnation In this section, although business is moving slowly, with radical improvement awalting completion of the harvest. The farmer is doing much to put the northwest back to normal and s conaervlng in every way. Retail trade throughout this terri- tory is slow and prices have shown a downward tendency. The decline in sugar prices has been aided by a poor crop of strawberries. Housewlves have refused to can extensively when forced to pay from 40 to 50 cents a quart for berries. Business in shoes has improved and local factories are working full time, with a blg demand for women's low-cut varieties. Some future business is being placed in, dry goods and notions and the immedtate demand for men’s clothing is fair. A satisfactory volume of business in chemicals, drugs and oils is being| maintained, but hardware sales are not equal to those of a year ago. Commodity Reports * From Many Sections Automobiles. NEW YORK, June 21.—The used car market is about 50 per cent of normal, according to figures compiled from various automobile dealers. The nor- mal turnover here is about 900 cars a month. No sweeping reduction in used car prices is expected for some months. ST.LOUIS, June 21—There is a steady demand for several makes of | automobiles in this territory. Many new oil filling stations are being bullt, presumably in anticipation of increased car sales as a result of de- creased prices for cars and gasoline. Clothing. CHICAGO, June 2l.—According to statistics of the National Association of Retail Clothiers, merchants in clothing lines have taken a deprecla- tion of from 26 to 50 per cent on men’s clothing and marked down their goods accordingly. Suits that ranged during the war from $37.50 to $82.50, now sell for $27.50 to $57.50. Shoes. ST. LOUIS, June 21.—The cost of repairing shoes still remains high in this section. This facter has played a part toward stimulating demand for new shoes, although replenishment of stocks accounts for the-larger part of the increased business. Shipbullding. PHILADELPHIA, June 21.—The ship industry is at a low ebb so far as construction of large veseels is concerned; development of river and bay service on Chesapeake bay has produced some business. Several vessels are being rebuilt at a local yard for the Buxton line. These are designed for service betwekn Rich- mond and Norfolk. Two passenger and freight vessels for coast and bay service are to be cbnstructed for operation in 1922. Rice, NEW ORLEANS, June 21.—The low cost of rice has attracted heavy buy- ing from Europe. Since May 1 about 5.000 pockets a day have been ship- ped abroad. LONDON, J 21.—Although the gold output of the Transvaal mines has been exceedingly heavy this spring, there smali indication of a_ further increase, according to ad- vices today from Johannesburg. About 2,000 men have been laid off. Dry Goods. NEW ORLEANS, June 21.—A spurt of buying in the last ten days Ras materially increased distribution of dry goods. Jobbers announce that shipments of piece goods are closely approaching those of last year. Or- ders for future delivery are coming in in large volum Lumber. BOSTON. June 2l.—Lumber and bullding materials are slightly more active in New England, with much re- pair work being done. Financial co dition of the New England rail- roads, however, s holding purchases | of bridge lumber and ties down to ab- | the United States government for the solute necessities. With sailing ves- | first balloon of the sausage type, sels charters and prices in the south | which will be filled with the new down to pre-war levels. indications ! bellum gas. ALLENTOW .. June 21.—The Phoenix Silk Manufacturing Company here is working on balloon silk for machine is so small - its own way in your D. U, TUESDAY, JUNE 21, 1921 TODAY’S BOND PRICES. Noon prices reported to The Star over direct | !HORT-TBRI SECURITIES. New York-Washington wire by Redmond & Co. Reported by Redmond Co. City of Paris Gs 1921. Bi4. O French Government &5 97% | American Tel. and Tel. 6s 1022, 97% 98 Governmest of RnitscHinnd s American Tel. and Tel. 6s 1924. 9% 98 Kiogdom of “helglum 1'% 98% American Thread Co. 6s 1928.. 95 8 of G. B, .",. Ireland WAL Am!fl(‘lfl Tobacco Co. Ts 1921.. 100 100% of G B. and Irelu 1% n Tobacco 7 "% K. of G. d Ireland 8122 | Amerftan Tonsces 0%, U. K. of G. B. and Irelund 5izs 193 s | Anaconda Copper s ‘io39, 8815 American Tel and Tel. conv. a Anglo-Am 98 Armour & C 5 Alchiion, Topeka au Sania e Ken. 2% Atlantic'Coust Line Ts. o I 7 :a““ Argentine s 1927 » 5 | Chicaro, B 1. & Pacite ox i o1y Raltimore and Ohio 8. W. Div. 3%6.. . A0 ilehem Steel refd. a 100% orthwestern 7s 1040, 1003, 9 "% 207 l;’g’fi % Bur. and Quincy jt. 4s. %5 BT T AR e 8 Chiz, Ml and Bt Paul conv. 4 3% | Hocking Vtlay Ly 9 Chicagro Northwestern' 7s 1930 1015 lflumhlo 0il_ 74 95y 641 | Kennecott rq,,m 1. 1930, 91" | e Liggett & W% ok 100 100 o 98y, 9% Tllinois Central 53 International Mercantile Inter. Rapid Transit 1st and Louisvilie and Nashville 7s 1930. y on 192 Nonthwentern Tel T6 3 Swift & Co. 6 1921 Hwift & Co. 7u 1n: Texun Co. 7a 1923 Lnlun Tank Car ¢ n Electric Co. 7u 19; Westinghouse B. & Mg, 1 it k and Wextern conv. 6 Northern Pacific s Packard Motor Car Co. 8s 1931 Pennsylvania 55 1968. . CURB STOCKS, Quotations furnished by W. B. Hilibs & Ce. 1215 pm et van Resding general 4s St. Louis and §an F St. Tonis and San . Louis and San Francisco inc. 6s. Rig Ledge Boone 01 Steel Hyudicate ib Trading . Light and Ve 0N Eorp.. Ts. 1936, Virginia-Carolina Chemical Wilkon & Co. 1st 65 —_— FOREL BONDS. Quotations furnished by W. B. Hibbs & Co. Prices Berlin 4x. Greuter Ti DavisDaly Dominion” 0il " Durant Motors . Fensiand Oi1” Giililana Ol " Glen Alten Coal Gierock 081 4 { Vieona 16% Vienna 19% French Indian Packing Intercontinental Rubber . Iuternational Petroleum (new) Jerome Verde Teipziz 4 deipzig 16 Ttalian notes 13 Beigian Rest Mason Valley . AMerrit Ol .. ;‘l‘fl““ Ulll c;zdm Wwest Oil FOREIGN EXCHANGE. dwest Refining Selling thfl:kl—bolllr valzes at noon today: 3.7 Nevada Opliir . New Cornelin 1 I Bt i Sigising Mo Col : Dicusels .:fi.l: fa sud, Gas. ‘e & Noria Awer. P sud Bl 3 Mudria Stockhotm .. Nortuwestern Of i Zurich Amsterdam . Yo s Athens ,, Belrade wh b, ¥ienna 13 Montreal e in e BAR SILVER QUOTATIONS. Fi NEW YORK, June 21.—Bar silver, % n domestic, 993 ; foreign, 59%. Mexican 2 doilars, 45% o LONDON. June 21.—Bar silver, 35% 3 i pence per ounce; money, 4% per cent. | N o o Discount rates: Short bills, 53% Per | ovilers coar 3 cent; three-month bills, 53 per cent. | Sweets Co. of America . 2 Swift lutervutional “Lonopsh Ditide .. 3ummh Extension . OIL SPEEDS SHIP. BALTIMORE, June 21.—The John- 3 n U son line steamer Barrymors made a | U. §. Light and Heat pfd. 14% record run for that line coming up [ SPied FroAt Trache b the bay. She is from Liverpool and Steamship . 2 ‘was fitted for oil burning on her last umfi Hetail Cn = call at that port. The time from the | UERed THUS S capes to her pler here was 9 hours Veayiand O % 35 minutes, or a speed of 15.7( wayre Ooal 1 Silles an hour for & distance of 150 | Wert Eoa G 1516 miles, Wright Aero . 6 Natures Circus Yellowstone NauonalPa:k VER three thousand square miles of wonders, to which West Yellowstone, on the Union Pacific, is the entrance. The world’s premier troupe of geysers led by Old Faithful. Prismatic lakes, iridescent pools, “paint po Nature’s master painting, the Grand Canyon of the Yellowstone, of which Rudyard Kipling wrote: “One wild welter of color—crimson, emerald, ochre, amber, honey splashed with port wine, snow white, vermilion, lemon and sdver gray in wide washes.” ‘The world’s greatest wild animal show—bear, buffalo, elk, deer, moose and birds. SeeColorado (o ra and SaltIake Cltv on the Same Trip . Include the Royal Gorge, Colorado Springs, Glenwood Springs and Denver for same money. A grand circle tour that can be made only via the West Yellow- stone entrance. ‘Through sleeping cars Chicago to Yellowstone. Three daily trains to Colorado; four to Salt Lake City. Low Summer Fares Now in Effect Ldfilmdyufi-bwkhhnd your Mention by name the book- lets desired: 'Ymm fational Park,” “Colorado’s Mowntain ‘Rocky Mountain Naznoml( ) Park,” *““Utah-Idaho Outi For information, k any Rlflrold Ticket Office, or D. M Dzvlr:. Genl Axent F. L. F_&.kln!, Gen'l Agent C. W P. System 544 Wlflenarg}gd‘ 1315 Cl\eltnut &, 501-3 Commercial Trust Bldg:, 16th and Market Sts., Phllldalnhll icago &NorthWe Ucnlilon System 4 914 | trouble 0% 92| The upshot, however, was a period g”‘l& ‘:‘qu of further unsettlement at the open 90 pag | Ing. a little more driving of a few in- % o " |dividual stocks, and then an abrupt 04% 99 |recovery which carricd prices up & 1008 100% | point €0 three points before there w 0RTy 100 SHORTS COVERING Some Good Buying Orders Aid in Fair Display of Strength. BY STUART P. WEST. NEW YORK, June 21.—After a full month of virtually uninterrupted de- cline the market finally turned today. The change came, as it always does, when gentiment was bluest, and when the market conditions looked most desperate. Wall street went home last night feeling more pessimistic than it had been at any time. It came down this STOCKS RALLY ON morning prepared for further any pause at all. In quite a part of the list yesterday's entire lokscs were re- placed before the was half over. The improvement on the stock ex- change session helped the other markets in the same way ag yesterdav's break had dragged them down. and cotton recoiled sharpl money renewal wus mark 5 per cent, repeating its Ja for the year. Both wheat The call Five months ago the d abortive It started drawing down their New salances to such an extent u fort- night was over the local money mar- ket was in a state o But the present sit different one, first, ratio is gome 15 it was then: s cause there i8 no longer demand for funds at inland and third, b use the great decli of stock prices has reduced the stock exchange demand to a minimu while greatly increasing the Studebaker Pacts L It was Studebaker which gave the initiative to the market this morning. Nothing had been so demoralizing from the bull standpoint as the way But was speculators udebaker supply s stock went off yesterdav. explanation for the decline . A lot of small been going long of a position for t and they succ price down below last night's close The big buying orders, as has be . were in the mar- g is buying did e to 77, but stock got back again to its starting point. Rails Do Better. on of the rails made he it sulil clear them on previc much the unc outlook. = market position small traders 0 e railway weakness in their aused by too many having bought into them during the last month or so. Liquidation from this source having ctty well ‘run its course, the came the back xm—f»rr d had left off | Polut of ite botiom nrice for xm vear, despite the declaration of the regular dividend. But on only a very few transactions th s morning it zold at 63 The upturn in Canadian Pacific Southern Pacific dipped to was a_new low, but fifteen minutes after it had rallied to 70. Rock Is- land came back the quickest of the low-priced rails. Active short cov- ering went on ingNew Haven as the result of the official reassurances given regarding the financial tion of the road. —_— Washington Stock Exchange. SALES. Capital Traction Gs—$1.000 at 87, $1,000 at “Washiogton Rail Washington Railwa. ‘Washington st L, FTER CAFL Washiogton Falimsy com =25 at 20, 14 at Capital Traction—2 at 851 Wikhiogton Raliway pfa.—i0 at 60%. 10 at :u-ml Traction—10 at 85%. Bid and Asked Prices condi- B! PUBLIC UTILITIES. Bid. Asked American Tel. and Telga. 4s.... 0% 784 American Tel. and Tel 5 & AnTIel and Ter ot ma 818 & | American Tel, and Tel. cons. 66, 97 Y Anscostia w0 Potomac b it poi Fotomac Elec. Lt FPotomac Elec. cons <t Washington Gas 58 Washington Gas 7. Washington Kwy. and Wash. Bwy. and Elec. G. ) A MISCELLANEOUS. Se_(short). Wasbington Market 5o (1077). ‘Washington Market 5s (1847). STOCKS PUBLIC UTILITIES, Amerfcan Tel. and_Teigs ‘American Tel. and Telga. Capital Traction - Waslington Gas . olk” and Wash. smmmx . Rwy. and Elec. com.... Rwy. and Elec. pfd. Washington Virginia Rwy. o AL TRUST COMPANY. Americsn Security and Trust... 220 Continental Trust .. 100 National Savings and Merchants' . Becurity Savings and Commercial m Beventh Street Savings. Union Savings T. 8. Bavi Arlington National Union . TITLE INSURANCE, Columbia Title . Real Estate Title ergenthaler Linotype . })‘m"nmcn Market com. 01d Duteh Murket pfd. Lanston Monotspe - Becurity Storage - Washington Market .. ond. Reduce con [aglon' “PREVENTOL is the diginfectant which de: stroys disease carry- ing and all otherinsecls. REVENTOL) ' . ‘