Evening Star Newspaper, June 25, 1921, Page 15

FIN . 600D WORK FOR SUMMER CLOSINGS . Eight Banks Agree on Satur- day Night Holidays in July-August. r BY L A. PLEMING. & Ings department of the Lincoln Na- tional Bank, deserves honorable men- tion for having accomplished the seemingly impossible, and secured an agreement from a number of savings banks to close Saturday evenings in July and August. It required diplomacy to do this, it required persistency, and both were employed in large degree. The result of his effort is found in the announcement that the Lincoln ¢ National Bank. the Franklin Nation- al Bank, the Bank of Commerce and Savings, the Standard Savings Bank, Mount_Vernon Savings Bank, Sev- enth Street Savings Bank. Hamilton Savings, central branch, the United States Savings Bank and the Ameri- can Security and Trust Company, Home Savings branches, other than the \ northeast branch, will be closed Sat- unlay evenings in the two hot months of the year. Col. Wade H. Cooper readily signed the agreement closing the United States Savings Bank, although the upper 14th street banks were not a party to the agreement. As a rule it was necessary to se- cure the consent of certain banks to the closure before others would come in. It is safe to say that none of the banks in the agreement, which is ef- fective for two vears, with a thirty-day notice in writing necessary to abro- 4 zate, will lose a dollar through, the closure, Calls for $73,258,084. Secretary Melion this morning noti- fled_national banks holding deposits to the credit of the government aris- ing from the sale of notes and certifi- cates of June 15 date, to pay into their respective regional banks the sum of 3$73.258,064.90, being 123 per cent of the balance of such credits. Payment is to be made on Tuesday next and will reduce the credits aris- ing from the sale on deposit with the banks to $519,843,205.10, as compared with the original $625,375.600. Financial Notes. Corn Products Company continued its special distribution of 50 cents a share on the common stock, in ad- dition to the regular distribution. Everything points to a big reduc- tion in - surtaxes. It is stated that ¢ the top bracket may be reduced to 23 per cent to stop the flow of capital into tax-free securities. Directors of Consolidated Cigar Com- pany took no action on the common dividend. Industrial loans notes to the amount of $30,518,000 mature in July, as many more in August and but $7,162,350 in_September. Failures this week, 276, a matgrial decrease over last week's total. Steel price average on product declined to 3$55.74, based on prices of eight lead- ing products. Inquiries are in for 125 locomotives. A slight premium is asked for every issue of certificates. All are selling above par. Louis regional reserve bank has abolished the sliding scale of discount rates and Dallas has reduced its dis- count rate to 6 per cent. Northern National Bauk and North- ern Trust and Savings of Cleveland are to be merged with the Cleveland Trust Company for $128,000,000 re- sourcea. Federal reserve system has a re- serve ratio of 60.41, again demonstrat- ing the fact that money is not a fac- tor in security depression. Stocks gave a betfer account of themselves today. ROCKVILLE. ¢ ROCKVILLE, Md, June 25 (Spe- clalL.—A _committes of the Mont- gomery County Federation of Wom- en's Clubs, appointed by Mrs. Josiah W. Jones, president of the Montgom- ery County Federation of Women's and composed of Mrs. C. A. Reed of Takoma Park, Mrs. James H. Jones of Rockville. Mrs. Richard L. Waters_of Germantown and Mrs. Lewis W. Call of Gurrett Park. is giving consideration to the proposed scholarship in domestic science in the University of Maryland to be award- ed to a graduate of the Montgomery county high schools. A letter has *. been sent to each club belonging to the federation asking for suggestions as to how the expense ($450) had best bo distributed among the clubs. If the clubs indorse the plan, the scholarship will be awarded in, Au- gust. According to Mrs. J. Ross Thom- son, secretary of the federation, the club women-of the county are aroused over the problem of supplying prop- rty train Al \ el ed teachers for the public schools. It was, it is stated, largely because of the attitude of the club women that the county commission- ers were much more liberal than usgal toward the schools in making up their recent annual levy, but the club women are by no means satis- fied and hope for much better things in the futures. Sentiment among Montgomery county republicans seems to be crystalizing in favor of the nomination of State « Senator Willis B. Burdette of Rock- ville for county treasurer to be made this summer.. Senator Burdette, who bas represented the county in both the house of delegates and the state senate, is regarded about the best vote getter among the republicans of the county, and it is generally thought he would make a strong bid for elec- tion as county treasurer should he be named for the place. Bav. P. Rowland Wagner, pastor of te Baptist Church. officiated at the pmrriage here Thursday of Miss Alice E. Fleming of Arundel, Md., and L. Walters of Glendale, Md. : TRADE CONDITIONS. NEW YORK, June 25.—Bradstreet’s | Lou review of trade says: *“High temperatures and the advance of the season have made for scme in- more quiet In large industries Col ¢ lections are, if possible, slightly slgw. er, and weather irregularities, m! needed rains in some sections, parti- cularly the south, but continued drought and heat in others, notably the Atlantic coast states, impart a little more firregularity to crop re- ports, though not materially chang- ing the good outlook previously noted in most important surplus grain-pro- ducing eress. Reflection of this latter is had im the not vitally important N\ same still \ though the general statement may be made that things comm: are on YORK, June 25.—Bar silver, domestic, ”'1' foreign, 58%; Mex- ican_dol ig. LO! Sune 25.—Bar silver, 35% ince per ounce. Money, 4 per i rates, short bills, 53 per cent; three months’ bills, 5%a57-16 per cent. ‘This is from last Am Ice e Am ln(-rnnll‘cnl\- _| Am Locomotive. .. J. Frank Rice, manager of the sav-1 ., . ¢0ry Ragor. roserwe in | Koonigrix ANCIAL, NEW YORK STOCK EXCHANGE. Received by Private Wire Open. High. Low. Closa Air Reduction. 0% 0% 0% ::: Ajax Rubber...... 21% 2% 2% 23 Al .heom'&u % ”!0 rr": " Allied Cheml Allis Chalmers. 0% S0% 0% Am Ship & Com... Am Smelting. E Am Steel Fdy. Am Sugar. Am Sugar p! Am Sumatra Am Tel & Teleg. A Tobacee (B3, 1w 1w 6% LO% Am Tobacco (B). . 11 ¢ 6% 61% 6% 8% 8% % n% % % s 9% 8 Y% T 8% 6% % U B%h u% 2% 2% 1% 18% 1% e% T 6% 69% Baldwin Locopf.. 97 91 91 91 Balto & Ohio. . 35 3% 3B 86 Balto & Ohiopf... 49 49 49 49 Beth Steel (B).... % 46% - &% 4% Beth Steel 8% Df... 97 91 91 o1 Bkiyn Repid Trn.. 9% 9% 9% 9% Butte Copper. « 4 4 4 California Pckg... 55% 6% 66% 6% California Petrol.. 31% 3% 3% 3% California Petpf.. ® 7 70 7 Canadian Pacific.. 106 109 106 109 Central Leather... 8% 3 3% 3 Centrai Leathpf.. 63l 69% 69% 69% Cerro de Pasco. 5 BY% o% 5% 6 % 7 T 1% 16% H% 2% 6% 8% 62 51 Chi RI& Pacific.. 28% 29% 28% ChiRI&P6%p.. 0 6 60 ChiRI&P7%pL.. 71 71 71 Chile Copper. 10% 10% Chino Copper. 2 2 C CC &St Louis M Cluett Peabody 6% 36% Coca-Cola. 30 0% Colo Fuel. 2 oz Colo & Southern.. 38% 34 3% 34 Col Gas...... 5% 5% BA% 65% Col Graphophone.. 4% 4% 4% 4% Col Graph pf. 19 2 &% 4% “® 1% [ 7% 30 57 15 9% 2% 6% 2% 5% 16% 5 Great Northern pf. Great Nor Ore. ... Haskell & Barker. Hendee Mfg.... Houston Oil. Hupp Motors. Lilinois Central... 8s% Indiaboma.. 3 3 3 Inspiration. B & Interboro Metro, .. g% su o Interboro Met Df.. 10K 104 103 Intl AgriChem pf. 38% 8% sg7g Intl Harvester.... 78% 83 gy Intl Mer Marine... 104 10% 19 Intl Mer Marine pf 44 6% 4 {Intl Motor Truck.. 30 30 30 30 Intl Nickel 3% 18% . 13% Intl Paper. . 5% b4 2% Invincible Oil. o0 11% 1% 113 Island Oil. %3 Jewel Tes . 8% 9 gy KansasCity Sou.. 3% 4% 23y KansasCSoupf... 49 49 $% 6% Kelly-Spring Tire. 36 1% :6 7% Kennecott. 18% 8% 18% Lackawan: £ s % Direct to The Star Office. Laclede Gas. . e u;:a. n:. Blo;. Lake Erle & W 1B% 1% 124 12% Lee Tire & Rubber 26 6% 26 6% Lehigh Valley..... 1% 49 % Loews Inc. 0% 10% Loft Inc..... % 9% Louis & Nash, 108 108 . 3 % % 12% 13% 3% 3% 80 80 %% 0% 1% 1% 19% 20% 10% 1% n% 2% 0% 10% 2 3 ‘ 4 18% 19 3% 38 Montgomry Ward. BB Mullins Body. b 19 Natl Acme. .... uou Natl Conduit.... 1% 1% Natl Enameling. 3 45 Natl Lead pf. 100% 100% Nevada Coppe! u% 1u% New Or Tex & M... 60 50 50 50 N Y Air Brake. 66% 66% 66% B6% 8% 66% 6% 8 8 @ 81 81 31 16 16 1% 1% 17% 17% Norfolk & Westrn. 92 3% 92% 3% Northern Pacific.. 68 ©8% 67% 6% Oklahoma Prod, 2 2 1% 2 61% 60% 61% 85 u 85 Pan-Am Pete..... 49% 50% 49% ©50% Pan-Am Pete (B). #X% 4% 4% u% Pennsylvania..... 33% 8% 3% 33% Penn Seabd Steel.. 7% 7% 7% % People’sGas...... 9 50% 49 50% Peoria& Eastern.. 11 11 11 11 Pere Marquette 1% 18% 1% % Phillips Petrol 1% 1% 17 1% Pierce-Arrow 1% 1% 1% 19% Pierce-Arrow pf.. 38% & 8% 0 Plerce Oll.. e 9 9% 9 % Pitts Coal. . BAY% 65 b4ls 55 Pressed Steel Car. 64 65% 64 65% Pulman Co........ 9% 96 9% 96 Punta Alegre Sug. 25% 28% 28'\ 28% 2% 26 % 6% 1Y% 12% % 6% 38 38 4% 6% ) Rep Motor Truck.. 1:% 12% 2% 12% Royal Dutch...... 51 6% 651 61% St L & Sar Fran. 2% 21 24 StL & San Fr pf. s1 29% 3L St Louis Southwn. 21} 2% 21% 2% St Louis Sown pf.. 30% 30% 30% 30% Santa Cecilia Sug.. 2% 2% 2% 2% Sazon Motors. % % W 6% 64 6% n [ n Seneca Copper. u% % H% Shell Trad & Tran. 40% 0% 40 40 Sinclair O11. 20 21 20 2% Sloss-Sheffield.... 32 32 2 2 Southern Pacific.. 0% 72 % 2 Southern Rallway. 18% 19% 18% 19% Southern Ry pf... #1% 44% 43% &% Standard OilofCal. 8 68 68 68 StandOflof NJ... 132 185 182 135 Stand OII N J pf... 105% 106% 105% 105% Stromberg Carb... 28% 30 8% 30 Studebaker. . % T % TBH Submarine Boal 6h 6% 6% 6% Superior Ofl o5 . Tenn Copper. % 20% Vanadium Corp. Va-Car Chem..... 9% 1% %% “h 8% 16 ‘Westhouse E & M.. Wheeling & LE.... Wheeling & L E pf. e m o Wright Aero. % 6% HOURLY SALES OF STOCKS. Jdlam..... 183 800 12M.... 405 100 TODAY’S BO Noon prices reported to The Star over direct New York-Washington wire by Redmond & Co. ceeemese 9O 1116 e W% Government of Switserland 86...eeewme 104 | Kingiom of Belglom T5a..........on 98% { U. K. of G. B. and Ireland 5%s 1921... 9% TU. K. of G. B. and Ireland 5%s 1922...97 5-16 U. K. of G._B. and Ireland 5%s 1929, T. K. of G. B. and Ireland 5%s 1837. American Tel. and Tel. conv. 6. Armour & Co. 4%Seeeeracenn Atchison, Topeka and Santa Fe gen, 4s Atiantic Coast Line Atlantic Refining Co. 6148 Baltimore and Ohio conv. 44 Raltimore and Ohio 6. | Baltimore and Ohio 8. W. Bethiehem Steel refdg. Ge Canadian Northwestern 7s 1040 i Central Leather 5s . { Central Pacific 45 1949, Chesapeake and Ohio conv. Cherapeake and Ohio gen. 4%s. Chesapeake and Ohio conv. 5 Burliogton_and Mil. and St. b, Chi., Ch idated Gas 7s. | Delaware and Hudson Erle generul lien 4s General Blectric 6s Goodyear Tire and Rubber Co. 86 1041, Grand Truok 7s Ret.. Illinois Ce: 1 5%s. Mercantiie Marine 85 st. st it and EEs s Sinelair Cons, 04l Corp, 7i4s 1925, Southern Pacific 1st ref. Southern Pacific conv. 48 IMM Railway Southern Railway Dalon Pacific st 8. o rol Wilson & Co. 1st 6s.. Darmstadt Dresden 48, Dresden 4 Koes ipig ND PRICES. SHORT-TERM SECURITIES. (Reported by Redmond & Co.) Bid. Offer. American Tel. and Tel, 6s 1922. 97 97! Amerfcan Tel and Tel, 6s 1324. 96 5% American Thread Co. s 1928.. 85 96 American Tobacco Co. 7s 1921.. 100 1 American Tobacco Co. 7s 1922 99! 99 American Tobacco Co. Ts 1023.. 983, -99% naconda Copper 66 1929....... Anglo-American Oll 7i4s 1925.. 98 8% Armour & Co. 7s 1930. 941 9AX » 2915 £ o & 100% Bxport 1003 07 Coper Bxpore “A" ha 1023 w7 Cudaliy Packing Co. 7s 1923 1005 . F. Goodrich 7s 1925. 201 85 . J. Helns Co. 7s 1960, 25 Hocking Valley 6 1924. 92 Humble Ol 7s 1923 By Kennecott Copper 7s ). Ligrett & Myers Tob. 6s 205, Procter & Gamble 7s 1922. 100 Procter & Gamble 7s 1923. 10 H.J. ids Tob. @s 1832 43 29 973, hid 9 96! 2 26 = Western Electric Co. 7s 1925... rd Westinghouse E. & M. 7s 1631.. 99 0% PESSIMISTIC ON CATTLE. | x Speakers Foresee Collapse of Live Stock Industry. ST. LOUTS, Mo, June 25.—Collapse in the livestock industry was de- picted by speakers at the convention of the National Traders' Livestock Exchange, which concluded its sea- sions today. The moving o{ t:sflnghllookl from western ranges to farms.has virtual- 1y ceased, the speakers said, and an almost complete paralysis of sheep and _cattle raising has resulted in 2 flood of inferior material to the mar- kets. Two disastrous collapses of the market for fat cattle during the last 'two years have forced thousands of men to turn thei rattention to grain growing in order to meet the de- |1’ mands of the banks, which hold their notes,” said F. 8. Coddington, a St Louis livestock = broker. “Young calves were being rushed to market rather than to the feed lot.™ Among some of the tribes in the Arctic region @ man who wants s di- vorce leaves home in anger and does not return for several 'The wife takes the hint and d¢ 29% | prices. 8% | wheat buyers failed, therefore, to de- STOCKS ARE FIRM ATHIGHER PRICES Shorts Covering Freely. Hope Expressed That R. R. Situation Will Improve. BY STUART P. WEST. NEW YORK, June 25—Stocks were decidedly firmer. The plain inferences of this accomplishment were, first, that |§ the major portion of the market in the early part of the week had not been in nearly so bad a state as it had seemed, and, second, that speculative Wall street had gone to absurd extremes in its estimate of the character of selling and of the extent to which the decline was likely to go. The only piece of outside news which influenced the market at all was a ‘Washington report that some favorable announcement was soon to be made re- garding what the government proposed to-do for the railroads. It was assumed that this meant speeding up payments remaining to be made under the federal guarantee act, and that special consid- eration would be given to companies which would be threatened with re- ceivership in case they were not helped. This story led to urgent bidding from speculators who had gone short of the low priced rails a week ago and these stocks ran up two to three points, carrying the higher priced ‘:Lfldend-myins issues along with em. ‘Word that the striking English coal miners had reopened negotiation: for a settlement, had a prompt effect in the markets abroad and also upon the cotton trading here. But the main consideration in our stock market was that after yester- day’s pause, liquidation was not re- sumed as had been the case so often during the last month, when simi- lar respites came. All classes of stocks were drawn along in the recovery, the sharpest advance occurring naturally in shares like Mexican Petroleum, Pan-Ameri- can, Baldwin Locomotive and tobac- cos’against which operations for the decline had been particularly per- sistent. Chandler Motors. Chandler Motors opened strong with the other members of the group, but 8old off sharply soon after the ap- pearance on one of the tickers of a story to the effect that the com- pany would have a hard time earn- ing the present $6 dividend and that unless business changed mat-=rially for the better before the meeting of directors in September, that disburse- ments might have to be omitted alto- gether. One of the directors of the Chandler company expressed surprise at the statements and declared that his information was that the nresent dividend rate would be maintained this year. Famous ‘Players. The film industry has arrived at its most critical stage, according 1o the head of the Famous Players- Lasky Corporation. The executive de- clared he was now taking steps to cat production cost of his concern 25 per cent and that every depart- ment would be affected. “The day of abnormal and exorbi- tant salariem needless and wastefal extravagance and all the variops il- logicl business meathods, must come to an end,” said the official, “ani so far as the Famous Players Company 1s concerned there will be no mors ab- normal salaries.” This statement ap- peared to have a good effect on Fa- mous Players stock, which went ahead with the recovery which had set in vesterday. DEPRESSION HAS MARKED WEEK’S GRAIN MARKET CHICAGO, June 25.—Despite bullish crop conditions, the wheat market this week has shown considerable de- pression, influenced largely by the action of stocks and cotton. m- pared with a week ago, wheat prices this morning were % to 1 lower. Corn off 2% to 3% and oats % to ‘!:.21vals|on! scored gains of 10 ‘Wheat proved unusually sensitive to unsettling cects from breaks in value of securities and in_cptton Confidence on the part of velop any lasting robust quality, al- 2515 | though responding in a spasmodic 6% | Way to advices of drouzht and heat|do good to fine, damage in the northwest and to in- creasingly serious reports concern- ing peril from black rust. Ralps in the southwest delaying the winter wheat ‘harvest were also largely lgnored, as well as disap- pointing figures on yield, together Grain, Producg LOCAL WHOLESALE: MARKET. Eggs—Strictly fresh, per doz., 2930 &verage receipts, 27a28. Live poultry—Roosters, per 1b, 1% turkeys, per 1b., 33a35; cl;l;k-“ spring, per 1b. 45a52; 54 3 eats, young, , i ens, winter, per 1b., 36a4! 0. Dressed poultry—Fresh-killed spring chickens, per Ib,, 53a58; hens, per lb.. 32; roosters, per Ib., 22; 40; keats, young, each, 603’ ens, winter, per lb., 35: Pork—Dressed, small, D medium, 13a14; heavy, 10a13; live, 3%. ol!.‘lve stock—Calves, choice, per 1b. ; lambs, choice, per Ib., 11 Green frultsAnpies, per bbl. 3.0 10.00; western, per box, 3.50a4.50; California lemons, per.box. 9.0029.50; ifornia oranges, per crate, 6.00a Florida orarges, per crate, 6.008 .50; grapefruit, per crate, 5.00a Bx: strawberries, per quart, 20a35; peacl- s, per crate, 3.00a4.00; blackberries, per &u:n. ; raspl per quart, 40 Vegetables—Potatoes, new, No. 1. per 1, 2.75a3.50; yams, per bar- rel, 6.00a7.00; lettuce, nearby, per crate, 1.00a1.50; New York lettuce, per crate, 1.50a2.00; celery, per dozen., 1.00a 1.50; Romaine lettuce, 1.00a1.5 blings, per crate, 1.5023.00; T 1, 4.0025.00; kale, per 76al.25; peppers, per crate, 2 peas, nearby, per barrel, 6.00210.00. onions, 1.76a2.00; new cabbage. per crate, 2.50a3.00; cucumbers, 1.50a2.50; t, per crate, 2.00a3.00; tomatoes, per box, 3. .00; asparagus, per doz., g.ggu,oa; corn, “Adams Early,” 2.00a —_— COTTON MARKETS. NEW YORK. June 25.—The cotton market was favorably influenced by, the British labor news of this morn- ing. Liverpool was a buyer, and after opening firm at an advance of 2 to 22 points, active months sold 19 to 23 points’ above last night's closing fig- ures, with October selling at 11.87 during the early trading. A south- western report making the condition of the crop 67.8 per cent, and the de- crease in acreage 29.1 per cent, point- ed to an improvement of only 2.2 points for the month, and probably contributed to the advance. Futures opened firm; July, 10.90; Oc- tober, 11.85; December, 12.40; January, 12.50; March, 12.50. NEW ORLEANS, June 25.—An active and excited market developed in cot- ton today under the effect of opera- tions in July. That month lost 10 points in the first trades under un- certainty as to how first July notices would be received, but almost imme- dlately became very strong and car- ried the whole list up with it when it ‘was seen that large firms were stop- ping notices. Futures opened steady; July, 10.35; October, 11.22; December, 11.72; Janu- ary, 11.90; March, 12.24. Another private report making the condition of the crep 69, against 66 last month, and reports that July no- tices were promptly stopped in New Orleans, sent the market up to 12.27 for October, or 49 points net higher. Futures closed easy and irregular, July, 11.04; October, 11.85; December, 12.54; January, 12.64; M. 1298, Spot cotton, quiet; middling, 11.20. KANSAS WHEAT 112,914,000 BU. TOPEKA, Kan., June 25.—The Kan- sas wheat crop this year is estimated at 112,914,000 bushels in the monthly crop report issued here by J. C. Moh- ler, seeretary of the state board of agriculture. This is 10,000,000 bushels more than the June 1 report of the United States Department of Agri- culture. P., B. & W. ROAD REPORT. The annual report of the Philadel- phia, Baltimore and Washington rail- road for the year ended December 31, 1920, shows net income, after charges and taxes, of $1,689,603, equivalent to in 1919, LEAF TOBACCO MARKET. BALTIMORE, June 25.—While net receipts fell off to 748 hogsheads. sales were 1,005 hogsheads, which indicates an active market® The receipts continue to run a very large percentage of French grades, while good Holland and cigarette to- baccos remain in small supply. Farmers are now busy with their wheat harvest and receipts will con- tinue small until after a good rain comes. g Prices per 100 pounds—Inferior and frosted, 3.00a5.00; soupd common, 6.00a 10.00; good common, 11.00a17.00: me- dium, 17.00a27.00; to fine red, 28.00a240.00; fancy, 40.00 and over: sec- onds, common to medium, 5.00a17.00; 18.00a30.00; ground upper county nom- inal. Stock in warehouses January 1— Maryland, 17379: Oblo.”4591; total, leaves, 2.00a23.00; —_—— . MHE EVENING STAR, WASHINGTON, D. O, SATURDAY, JUNE 25, 192[—PART 2 and Live Stock GRAIN AND PROVISIONS. BALTIMORE, .June'25 (Special).— Potatoes, white, No. 1, per 100 lbs, 50; cobbiers, 50;: McCormicks, 60; No. 2,'25; mew potatoes, per bbl, 1.00a 2'25. 'Beans, green and wax, per bu., 5021.00. Beets, per 100, .00. As paragus, per doz., 1.20a3.00. Cabbage—Per head, 4as. Kale, per bu., 40250, Lettuce, ‘per bu. 75a1.10. Spring_onlons, per 100 bunches, 75a 1.00. Caulifiower, per basket, 2.00. Cucumbers, per basket, 1.00a2.50. Pep- pers, per crate, 2.00a3.00. Spinach, per bu., 1.30a1.50. Peas, per bu., 2.60 a3.50. ‘Tomatoes—per crate, 1.00a3.50. Radishes, per 100 bunches, 2.00. Rhu- barb, per 100 bunches, 4.00a5.00. Ap- les, per bbl, 2.0085.00. Oranges, per ox, 3.50a6.60. Grapefruit, per box, 3.50a6.00. Blackberries—per qt., 18a25. berries, rr gt, 20a28. Cherries, per 1b,, 10a20. Cantaloupes, per box, 1.00 a3 Peaches, per crate, 2.00a3.00. 1 Watermelons, each. 40a80. Pineap- ple,.per crate, 4.00a7.00. DAIRY MARKETS. BALTIMORE, June 25 (Speclal) — Chickens, _alive, _springers, 40a50; white leghorns, 33a42; old hens, 294 32; old roosters, 17a18; ducks, 25a28; spring ducks, 30a36; pigeons, pair, Rasp- Eggs, loss off, native and nearby firsts, dozen, 27a27%; southern, 26, Butter, creamery fancy, pound, 35a 36: prints, 35a37; nearby creamery, 31a32; ladles, 23a24; rolls, 20a22; dairy prints, 2022 store packed, 19; process butter, 25a26. NEW YORK. June 25.—Butter— firm: receipts, 15,933 tubs. Creamery higher than extras, 35a35%; creamery extras (92 score), 34%; creamery firsts, (88 to 91 score) $1a34; pack- ing stock, current make, No. 2, 19. Kggs—Firm; receipts, 15,167 cases. Fresh gathered firsts, 29a31; do., firsts, 25%a28; state Pennsylvania and near- by western hennery whites, firsts to| extras, 30a40: do., browns extras, 33% do. gathered browns and mix- ed_colors, firsts to extras, 25%a32%. | Cheese—Firm; receipts, 2,755 boxes. States, whole milk, flats, fresh, spe- cials, 15%4216% ; do., uverage run, 143 al5%; state, whole milk, twins, spe- cl]nsla. 15°a16%; do., average run, 14% a p . Live poultry. quiet; no quotations. Dressed steady anl unchanged. CHICAGO LIVE STOCK MARKET. CHICAGO, June 25.—(United States bureau of markets Cattle—Receipts, 1,000 head; compared with week ago, | choice prime fed steers 10 to 25 lower; inbetween grades 25 to 50 lower; com- mon and grassy kinds 75 to 1.00 low- | er; butcher she stock clow, all steady; canners and cutters and bulls 25 to | 50 lower; veal calves 50 to 75 highe: spot cows and heifers 25 to 50 lowe: Hogs—Receipts, 5,000 head; light hogs and butchers steady to strong, i others mostly 10 to 15 lower than yesterday’'s average top, 8.80; bulk, 8.10a8.75; pigs nominally steady. Sheep—Receipts, 6,000 head; today's | receipts direct to packers; compared | with week ago, lights mostly stead. some natives lower; low grades and heavy sheep around steady; fat! handyweights mostly 50 higher. PRICES STILL UNSETTLED; SELLING PRIME FACTOR NEW YORK, June 35.—Additional! severe impairment of prices attended | another unsettled week in the stock market. Leading shares, rails, as well as industrials and obscure spe- clalties, registered their lowest aver- ages in almost four years. i Liquidation again was a primary | factor. but shorts became more ai gressive on further suspended or r duced dividends and forecasts | cating smaller earnings by the vari- ous industrial companies for the quar- ter soon ending. | dustry, together with revised sched-| ules by automobile manufacturers | pointed to lighter buying power. H Some improvement was shown in! freight car loadings, but earnings! thus far submitted for May indicate | that many of the leading railway systems will fall far behind in the first half of the year. Forelgn trade figures for May also show a sharp decline, but interna: tional remittances moved mainly in | favor of this center. The one note- | worthy foreign development was the ' lowering of the Bank of England unt rate. Domestic money quotations also re. laxed visibly, most of the federal re- | serve banks now being on the same basis. Local and interior banks seem | disposed with the aproach of the mid- year to make more liberal purchase: of commorcial paper and grain and cotton bills. i —— OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. ¢ d. Asked. a lo-American Oil Co. (mew).. Atlantle Refining _Co. s Dorne-Scrymser with drought talk from France and Russia. On the other hand, bears CURS, SPOCHS. | miade much of the slowness of export| Quotations furnished by W. B. Hibbe & Co. o ?luinu:ia aumtm‘u (l:‘: long cr'erdil ~—Clam— | 3& ! ransactions wi rmany. 'he 20 | dominating influence in the pit, how- | Acta Explostres 2 80 ever, appeared to be the fact that| AN IS Dllwicoriy Gag oo 10 8 traders were keeping an eye mainly | fig Ledre — e 53 | on downward swings of the st on . .. 1 72 market. Roston and Mootara. 50 23 | ‘Weakness in corn and oats was Boston and Wyoming % 120 sociated with trouble carriers were n 90 having to get sufficient storage room % 243 here for corn, which had been bought. 5% 5% - Indications of some export call heip- | Carib Tradin; 4 8 164 ed give firmness to provisions. 1Yy 1% 360 ————— A i UTHERN AND U. 8. SETTLE. 2, 44 lsouthwest. Penn. Pipe Line 5 | sgnal settlement mE bseen made by £ 4 |Standard il Co. Galitornia e | the government with the . Southern 1% 1% Siandard Oll Co. Kamsas o Railway for the use of its properties ,’“ 11 | Standard 0l 390 | during the war by the payment to the a 3" | Standard 0il Co. 140 company of $6,000,000, and the railway T » [ Sunien: O Co Naw Seek 307 has settled in part with the War 22 2¢ |Btaodexd O Oo O 20 Finance Corporation by - repaying 5% e |Sen ek Tine 2 $5,000,000 on account of the $7,000,000 $ % | vacoum Ol Co.. =0 advance made to the system in 1919 £ 8 |washiogton ol = The Southern's claims against the 1% 18 —_— 1 government originally aggregated about | Fe 915 1 H $35,000,000 and there were rumors that | Gl &, &N H it would sue, but a compromise was 1 E arranged. The railroad administra- 8y e 5 tion gave out no ::':;nu of the settle- |G 2 ment. e com; 's statement for | Hecla 3 4y ALEXAND! = the second week in June continues to 2 7" | Fanert -rl;'x‘;‘s ‘t’u‘; Saoes xzsi'm. show am 2s ;o:;um‘fl: the . 8, |7ho dled yesterday at his residence, this year the total decrease has been :u Monday morning at St. Mary's Cflfll-: $8,244,986. 18 2% |olic Church, this city. and will be at- | e Mo Byl Bagien “Tho. deceased, besdse | mm 24% 24 an agles. esides DIVIDENDS o 1% 2% |his wife, Mra Nettie Donnelly Brill, | 7 8 |is survived by a daughter. Miss Kath- H 3 |ryn Brill and two sons, Expedite and ! 24 nnelly . r y years Mr. 153 125 |Donnelly Brill. For thirt: 7! 8 was engaged in business here 2 3¢ |and at the time of his death conduct- 4, 16 led a luncheon and soft drink es- 13% 4%/ tablishment on King street. Ho was |past exalted ruler of Alexandria 4* | Lodge of Elks. For the last two years 20 | Mr. Brill had been in declining health. 1% | The Elks took action on his death 5 |last night and a meeting of the % et 33 | Eagles will be held tonight at 7:30 NEW YORK, June 25.—The - | 2 ment of condition of the Federal Re- 37| Slock Roitake;aition ion thibjdeah. serve Bank of New York at the close 34| Lewis H. McDanlel, fitty-six years of business June 22 show: 6 |old, died yesterday afternoon at his Total gold reserves,.$348,601,205. 80 |residence, No. 4 Potomac street. He is Total reserves, $933,682,644. Bills discounted, secured by govern- ment war obligations: For members, $153,637.692. All others: For members, $222,875,- 0,463. Total bills on hand, $£24,625,240. Total earning assets, $509,311.740. Uncollected items, $121,100,174. Due to members, reserve Hatat acposits, $630.320.052. deposits, 329 3 Federal reserve notes in actual eir- culation, $8675,424,145. Ratio’ of total reserves to deposit [ Wi and_federal reserve note liabilities|West End combined, 68.9. e LIBERTY BOND CLOSING SALES NEW YORK, June 25.— Liberty bonds closed: Three and a halfs, 87.72; firs}, 4k, 87.30 bid: second 4s, 26,60 bid; 0; second 4%s. 6.74; third 43%s, 91.22; fourth 4Xs, HY victory 3%s, 98.38; victory 4%s, < 79. Eills bought in open market, $10,- | Tonopah Divide 10 3 3% 4 3 = 1 4 15:16 7 12 “'A 88 Chinese stokers seem to be im- mune to the fierce heat of the fire- room on the océan Stéamships. and|at 3 o'clock this can stand up- to temperatures that would speedily -prostrate” white mei. 916 | Percy Foster Hall, rector, and burial % | yesterday, will take survived by his widow. His death fol- lowed a long illness. The deceased was a member of Sarepta Lodge, No. 46,°0dd Fellows. His funeral will take place at 5 o'clock Monday afternoon from St. Paul's Episcopal Church. Services will be conducted by Rev. will be in the Methodist Protestant cemetery. The funeral of Agnes Virginia, “‘:J seventeen-month-old daughter of M and Mrs. Edward Brooks, who died, place at 10 o'clock Monday morming from her parents’ residence, 325 Queen street. “The musical given last night in the opera house, under the auspices of the choir of the First Baptist Church, was largely attended. Talent from this city and, Washington participated in the r. Thie closing for the summer of the Y. M. C. A. sewing classes will be held ternoon in the ber of com- auditorium of the merce. ‘ Over a FINANCIAL." BONDS RESPOND T0 STOCK RECOVERY NEW YORK, June 25.—The bond market responded moderately to the vigorous recovery in stocks. The principal gains were made in the rail- way convertibles and other semi- speculative issues which are always most sensitivve to the fluctuations in the speculative market. Chesapeake and Ohio convertible 4%s rose a point to 723. St. Paul convertible 43s sold at 64, against 63% yesterday. Baltimore and Ohio convertibles at §7T% were up nearly a point. There was a good rally in Scaboard Air Line Adjustments, and St. Louis and San Francisco incomes at 51 were up more than two points from their recent Tow. 1J Active buying continued in the Hudson and Manhattan incomes, which rose another two points, al- | most equaling their high for the year. This movement is based upon the . steadily improving earnings of the | company and the possibilities of an | increase in the rate of distribution. Industrial bonds were not as re- sponsive as the rails. Still the tone was better. Chile Copper 6s rose a | half point to 71%. Sinclair 7%s were | fractionally higher and £o were Rub- ' | ber 5s. Cuba Cane Sugar convertibles | gained another half point to 67 There was active trading in Mexican | government 58 at 45. | —_— MONEY AND EXCHANGE. NEW YORK, June Prime mer- | cantile paper. 6%a%. Exchange ir- regular; sterling sixty-day bills and | commercial £ixty-day bills on banks, | 3.69: commercial _sixty-day _bills, || 3.68%. Demand, 3.73%: cables, 3.74%. | Francs, demand, 7.99; cables, 5.01. Belgian francs, demand, cables, 99, " Guilders, demand, 4 Lire, demand, 4.88; cables, 4.90. demand., 1 cables, demand/ 5.95. Sweden, mand, 22.30. Norway, demand, 14.25. Argentine, demand, 30.37. Brazilian, demand, 11.50. Montreal, 12 3-16_per cent discount. Government and rail- road_bonds steady Will sell my stock Line at good discount, if sold imme- © “Gilt Edge” 1% First Mortgage Notes Now on Hand In Amounts c. $250 Up to $5,000 We look after all details and furnish guaranteed titles with all notes. Tim galy absolutely safe form of invest- e 923 15th St. N.W. Loan Dept., M. 36. Money to Loan- $50,000—7% interezt, in sums of $1,000 to ¥ 000, secured by first deed of trust on real ests! eph I. Weller 2 Wasn EQUITABLE Co-Operative Building Associati Organized 1870 «1st YEAR COMPLETED Assets . - $3,272,008.57 Saurplus ...... -$1,065,322.89 Gratifying Results From Systematic Saving —Bave you earn, and you wiil begin 10 get ahesd in a financial way and be prepared for emergencies that may arise later. Subscriptions for the 81st Issue of Stock Being Recelived Shares, $2.50 per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, See'y. diately. Address Box 109-B, Star office. . Quarter of a Century Without a Loss First Mortgages | SAFETY and not thrills— if you want a steady in- come and your principal at | maturity then you will be . interested in our First Mortgages They are especially se- lected for the conservative investor—they offer no | hope to the speculator. i If you are looking for 'I 79 First Mortgages B. F. SAUL CO. Mortgage Loans ! 934 N. Y. Ave. N.W. Savings Invest Your Savings IN OUR First Mortgage Notes And you secure not only the safest form of investment, but the most profitable as well. In Denominations of $250 and Up Ask for Booklet “L” 1409 New York Ave. N.W., Main 98 AUTOCAR Thoroughly overll.l’uled, tested Autocars which THE AUTOCAR SALES AND SERVICE CO. 1240 Pennsylvania Avenue N.W. WASHINGTON Average Descriptive booklet of above securities may , be obtained by calling at our Statistical Li- brary, Room 201, Hibbs Building. W. B. Hibbs & Company Members New York Stock Exchange among your friends and you will find that for every one who has profited from a “risky” investment many have had losses. But if you have in your acquaintance some woman who has her capital securely placed in our First Mortgage Notes on improved Washingfon real estate, you can learn first-hand from her of the steadiness and absolute reliability of this investment. She has reconciled her finances to the average experience of mankind. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. Washington, D. C. The Nation’s Home Town 52 Years Without Loss te an Investor. Harriman & Co. MEMBERS: New York Stock Exchange 111 Broadway, New York Washington Office COLORADO ‘BUILDING { Telephone Main 1603 Give-up business invited G. B. CHIPMAN ‘{anager T e 72, TRUCKS REAL BARGAINS refinished and road- we fully guarantee It Up