Evening Star Newspaper, June 26, 1921, Page 19

FINANCIAL. RECOVERY IS AT SLOW PACE. \ TO HELP HOME MARKET ~out at the same old speedy gait, but Corrected to -the Close of Business June 25, Saturday, at the Office of 1844 ~ THE -SUNDAY STAR, WASHINGTON, -D: - C,,- JUNE -26, -1921—PART 1 Week’s Price Range New York Stock Exchange Kan City Sou. The Evening Star. s * High. Low. Div. Week ending June 35, 1981 Net. High. Low. Div. Week ending June 25, 1981 Net. .Declines on Wall Street Drastic, But Are Bata. High. Low. ' Close. Cbge. — 1921, Rate. High. Low. Cioss. Cuge. bod . 36 35 35 —1% fi 45} 4 KanCitySoupf.... 49% 48 W7 ;l}é 1 I .. p -d i o 9% 12 — M7 12 12— %] 54% 34 3 Kelly-Springfield.. ~ 39 « 34% 374 . | Inviting to Investors—President Hardmg el = B5—3 |62 3B — Kelsey Wheel. 5 5 54 +1 . . 40 30 4 AirReduction 3046 — 4] 22%° 16 — KennecottCopper... 18% 17 18% Workmg for Business Betterment. 39§ 21% — Ajax Rubber. 2% — 24| 1% 8% — KeystoneTire..... 1034 O 94— % 551 35 4 Allied Chemical.... 39 35 38 + 4] 58/4 32 — rackawannaSteel. 36 32 ' : —_— o the Basic industey, ateel| 5% B 7 Allled Chemicalpt. 865 8 86 — 1%| 29 174 2 Lee Rubber.. 2434 o recovery in the basic Industry: Piee| 394 287 4 Allis-Chalmers..... 32 287 305 — 1% 564 473 314 Lenigh Valley. 7% Tt has been a decidedly interesting < = ¢ % { %693 0%+ 1 |155 138 12 1, 140% railroads of the country to do some-1 83 693 7 Allis-Chalmerspf.. 703{ 693 iggett & Myers. .. Sveek. During the first half of the | thing big in the way of maintenance | e5. 351 — Am AgriChemical.. 317 3% 3%+ 15%|2% 10 — “10% ceek the c h - | and rehabilitation. ‘ oy + eek the condition of the stock mar- | #05 fiings continue to show decreases | 54 4655 4 AmBankNote..... 51 49 49 %128 9% 1 . 9% Xet, as represented by Wall mep;_ In comparison with a year ago. Sl K — At Beitfusar. e 3 - 3% 3% — 3% wwas discouraging, and there seemed| Money is not a factor in the situa- 5 = : 5 _n T o e aheaa tioh “Buf foserva banks wers mever | 655 32§ — AmBoschMagneto. 3% 3§ =2 |Ih4 16 12 Lorilard (p)...... 15 1 1404 Ds SO . | in stronger position, although it is ad- | 393¢ 2316 — AmCan... 3%|113% 97 7 Louis & Nash. .18 105 108 +1 Declines have passed a score of new | p ot onECr BOR O, & e still many 85 3 10 3095 39 3%+ % i i : ‘| 88 7 AmCanpt. 634 Manati Sugar. « 4 7ow marks, time and again the ripe- | frozen credits to be liqufdated. o015 + 344) 5815 3645 7 3 4 © 45 P a has | al Securities. 129% 115% 12 Am Car & Fdy...... 1204 1155 1 4 Manhattan Elev. 15 42 Tess of the market for a turn Lo { 65— Lig| 456 34 — S @ s — % ‘been indicated only to find the bears mlmnl}y. lh‘em r;nval beeln .om:";» 2% 157 — Am Cotton Oil. 1:% li;; e o5 6 mez ::flv:h;-- 2 S 7 lii onsistentl. ding away here and | cessions in prices for local securities [ g3: 41 — Am Druggist Syn = e y 2d pf.. = Thore throushaut the. Mt eeposing Juctde tho past wsek. butithey bave 135 s% — AmHico&Lea.....' 11 96 10 —1 | 9% 655 8 MayDeptstores... 825 80§ 80 —4 the li“n.lla‘-y of war-time pru:;;:‘ri:))' There has been no cause for sym- | 5 40} — o 46 o lg}% 103 12 Mexican Pete. 1776 18 1173 +10% (and the serious consequences of keep- | o nCE TAS SNEE I8 SR CcaT stocks | oo { 5% + %) 15% 2 Miami Copper. 0% 19 20 — Y% fns up @ wild pace during » time | PAghOUe AotIon B ar mars | 9% 2 4 g o m%_l 86 105010 s omLCome "z T “When destruction was intense. .. |ket. Most of the local securities in[ 65 57 .6 AmIcept. 61% = " B e States. . € Wy i+ M Every one seems to realize now- |which there is daily trading are pub-| 531 203, — Am International... 39% 2% 33% — 1% % 22 — Midvale Steel...... 23} 22 22— 3% @days that the inflation of the Wat|jjc utilities and all the utility cor- 8 8% 84— %|#{ 9 — Minn&stLm) .10 10% days, attendant on the purchfl§(‘| ©f | horations of the city are enjoying a| 1134 8 1 Am La France. {3 T wlmg o — 19 4 185 — % $10.000,000.000 of our goods, \;l}l ' | fairly prosperous year. 624 21 — AmLinseed. 2% of s 3 Mo Pacific......... X 2% Tike amount of :‘v‘\;:n.;-‘)lvulo.mw‘lls ¥ QUT| “Crops are coming on and with the 15 T34 6 79 +3 | 4% 33% — Mo Pacificpt. 38 3 I+ 1% Eovernment to ! k crops. if nature is bountiful, the agri- T sesg 4srg Sy of unprecedented foolishness, from | Ciftural communities will be rehabili-| 10 445 — %- 5 :" :2',, HontinaToper.i:y £ 4 Bt Which *,"lll;j;__ke Bl e tated and in o position to buy again. | 14 6% — 45— 4 4 ”;2 — Montgry Ward..... 187 17% 18 — 1% s & ority, 5 omson cKinnon have s 5 g i— 3§ — N stimulated wages above the normallerop letter from Chicako: 443 32% — Am Smelting. 2;’93_ ;”‘ g 102 7 ’;::: g“'“'l' ‘i’ ¥ Dbrought the cost of living far above | ““Tnere is an increasing belief in| 8 67 7 AmSmeltingpf.... 10 67 68— 2 %3¢ 10 Lartingon normal, made profteers of men und | wheat values on the birt of the | 70, & { ¢ ‘Am smeltigsecA. 0 @ 6 —3%| 6 42 6 NatlEnameling. {women and spendthrifts of DeoW's | trade; this bellef being based upon § \ m Smel L o 8 Nattiosa also turned some managers Of ETUNI | the idea that Eurobean requirements | 313 244 '3 Am Steel Foundry.. & e At 5 5 4 7 na put into e phe ey 25 crop indicated is little, any, larger 2 = 3{ 2 — Nevada C ‘ 7 1% lation and induced them Lo Py KFedl, than a year ago, and there exists no [107% 85 7 Am Sugar pf. L LS 3%1 ui: & nooua Copper ;flh A 50!1 T A stock dividends, which have si surplus remaining from this crop as| 83 4033 8 Am Sumatra 5213 40%% R =S on e greatly strained the companics. ' | compared with the large amount in 08Y5 953 9 Am Tel& Tel 10275 102% 10225 — 2% 5 NYAirBrake..... 51% 55 5615+ 1% From the @ weare DO |y Friendliness is also derived [108}4 953 ey 119% +-3% 5 NY Central.. 68+ 2 recovering slowly, with extreme €X0) trom spring wheat territory. Toward (1293 11134 12 Am Tobacco. . § 2 Racan e grtion und“:\x(l\b uo::, l-l.\ch‘r“-’:urn‘{’i- the last of the week it was quite|jo73: 110 12 Am Tobacco (B).... 118y 1113 lls}sl—a, 5 l\vn& StL. . & o Tlpperary-wise e © ! 8 8 1% 22N Y Dock. . t] ment of the sins 94 8 6 AmTobaccopf(m). 8 kg i 7 ion_and emission. . |tion to which rain is very necessary | 821 57 7 Am Woolen. .6 65 B - % en b i U B O e ¢ York there come WIS |in " many sections. Movement of the | o™ g3 7 ‘Am weolen bf % 94 % +1 1 NYonario&aw... 1T 164 1§+ 3% that grow to r‘“"-hvbila\e new winter wheat crop has com- m Wool . oy 28 24 — 4 4 N Y Shipbullding.... 27 23 B 4+ K of big '"f"n“h.:-n un- | menced. first offerings being taken| 39)3 24 - Am Writing Pprpt. 2002 =2 14 — Norfolk South 11 05 9% — 13 gone wrong, and who have deelt UL | by local mills, at prices fully equal | 1y 8 — AmzZinc.. .8 T B 4 N uthern. Vi M- M covered by Ujmm""‘;‘* ce a0 one |t0 terminal markets. Many are of{ . 53 B 4 — 2 7 Norfolk & Westrn.. 9313 8835 93+ 55 market for many mont l-*'l‘;‘ %% | the opinion that the new crop will| 3 23§ 6 AmZinc of. 129 o0 i+ % 7 Northern Pacific 6, 633 6835+ 14 Chicago financial writer. With the aS- | move at once, and in volume for the | 1; 3375 — Anaconda 313 38 3t P P et R e T surance of one who knows, Tacements | reason that the farmers met with 35 24 4 Dry Goods.... 30 284 30 — Ui Nova Scotia Steel... 22 23 22 + ¥ gests there might l"u e lace e nes | disaster in their holding attitude of ba Asso Dry e % B % — OklahomaProd.... 2 1§ 2 in nks with old-time voRSErs | last year and will, therefore, be anx- 1107} 93 6 AssoOll. o Gy § 2 Orplanm Cireats o 214 2f— 3 vativ uk oficials to Whom ion | 10us to “secure prevailing prices for | gn . 7510 § Archison 94 Tl 8K — 2 2 3 .2 Y - X stock market is not a tempration|ehe present crop. The financial and "/ 4 1 T5ia 0%+ % 8 Otis Elcvator L1370 136 136 — 14 and to l‘glrhnnm side ‘issues ‘are. & :‘abn]r s':‘m‘ath;:l the, wt:’rld over n: 9% Bk 5 Alcm-onpt.u 5 !6'/" 83 84 — 2N = Otis Steel... . 10 9z 95— %% abomination. B isplayed in the grains by an atmos A ic Cst Line. .. 2 4 7 h ” ’ 28 The stock market has long sinte | ool B N ETOMT TG vest- | S8 T 2 “:":fl..r““ 6 5 6 2 Owens Bottle LB B B 4 Y taken the margined traders s(.l‘x}:*vii'm."t Semand: 9 5 ' — Atlantic I peee oy 18 2+ 45 — Pacific Develop.....’ 12 - 10 10 -2y ties and will repe et | he new crop of corn is makingi 76 18 10 Atlantic Gulf. . = S S S 5 Pacific Gas & Elec 513 50 — 132 out many of the cla hat nith it | excellent prdgress in the principal 415 153 — Atlantic Gulf p! .2 17 1%+ 4 T , ° - % 5] 33 determined to stay ok it | producing states west of the Missis- 73 16 120 15 —1 41}3 2734 135 Pacitic ol .03 33y 3B - ¥4 t & whose ‘f‘ d ||‘ S ! sippi river. There are complaints of | 233{ 12}3 2! Atlantic Petroleum. 51 op 42 | s 4 6 Pan Am Petrol. .... X 503 + for, “the die in the a8t qrought over the belt. because of an! 7 Baldwin Loco . WS s B 6o Wit who have yielded to] G T e O T e Do e &+ N8 an Am Petrol (B). + Bire. to, a8y, SOMe: for the corn may be judged alto. = 105, 48 49 — 3] 12 9% — Parrish & Bing - thing Eos oW e been | from the fact that the movement of 4 Balto&Ohiopf.... s 0 o YAl 390 2 pennsylvania ¥+ el [ ©0ld_corn is continuing longer and 250 Barnsdall B. 1w 154 16 1w enaay B isiaers &0 S b Jmbres ilarger than had been expected, there = . 2 39 3% — 5l — Pénn Seabd Steel. .. S A Rt e < %ir | being no appreciable improvement Beth Steel . 88 %0 — 13} 574 33% — PeoplesGas.. + ‘s reorganize or quit in ihe_domestic, distributing demand Beth Steel 7% pf. 32 Wbs 8% — 24| 6 1% — Pere Marquette . reorsa “4s | and foreign cables are dlsappof 5 e e — 21} ¢ 3 3 5 - One “encouraging fact that stands| T U reecipes are a draw upon | 65 Leth Stee) (B). e B 3% 20 3 Philadelphia Co. ... out plainly on the gloom clou the market, being taken mainly by |10715 Beth Steel 8% Pt i LR 31'; 16 — Phillips Petroleum fact that the administration i levators at goodly discounts under |0 Bklyn Rapid Tran.. 100z %% 94— 2y 15 2 jne where it ¢ give the impetu deferred deliveries, | Bklyn B 5 @i G- 2 Ly - Plerco Asfosw toward s crop is not living up to y oeee s @ 6 - — Pierco Arrow pf.... FHarding ts early promise. there being nu-| 7o1. Union Gas. 63 < = 2 ing inform: o discussing PIans o rous claims of thin stand and | 124 Bl e 3 Pierce Oil . with the who know what is WHAt | gt heading. However. the present | 9 Burns 8 Pierce J and from x;wsu;mr"nfv-'v"‘~'> some= ) yuttook as a whole tsftor‘ an average | § Butte Copper & Z 5 Pitts Coal.. ithing must develop, | crop. There is no foreign demand | o5 Ndmittedly o sore cpot, “‘;‘i“‘;‘“‘,“nt\ffiw\-rr, ind the domestic demand | 1% fi“::‘r“‘;"”"“ S TlUs & westivg: " ald oot particniariy keen. . utterick..... 2 Pond Creek Coal. 2 fmeasures of reliet in the ne ® “THOMSON & M'KINNON" | jq5¢ — Caddo Central. % 8 Prossed s(,elac.,. 66%5 64 :,a, 255 ‘1t may be in speeding R P e g O 3 6 C Kin - . X - 66} 35 — 2 government 6475 Calif Packing. — 21| 704 5% 4 PublicServiceNJ.. 67 64 67 — 1 be in cash GRAIN AND PROVISIONS. 955 — calit Petrol... Pl sng 8 oY Be tn cAnh - S -1 3 89 ¥ullman Co. . 9% +2 hardly produd CHICAGO. June 25—Mixed senti-| 79 68 7 Calif Petrol ol. T4|50 B — PuntaAllegre sug Bi+ % N 8 3 scan o . z i agmirted that thess are (oo P ulative trade made. an. erratic, |119% 101 10 Canadian Zaciag + 31368 284 4 pureoil....... 2% songrees must sluggish market on the Chicago Board 8% s — Cem"”‘“":" + 351 %'s T2 8 Ry Steel Spring. 1 s ‘ jof e ay. finish was % 68 — Central Lea pf. Rt n - & it Jof Trade tod: The % | 9% s T B ) Ray Consol. ore Germany un- | lower to 1% net higher for wheat, : e B , > - ta : fore Genmat,uiT 12 to % higher for corn: unchanged | 327 2 Cerrode tasey 5105 — 634f 89 60 4 Reading... i % ;‘;h"“_‘,:'r;‘sn'l‘,;" She s o the|to % higher for cats and trom 5|8 48% 6 Chandler Motors i o ’ B S lower to 5 higher for provisions. ‘ i & Ohio. ... i+ e 2 ing1 . 2 | e o O cE®far |, Wheat Degan at an advance of 3| %M B 7 SRR LT g ey n¢ S48 8 Reading2dpr.y.c B ment ever reads E to % on buying induced by pessi-| 9% 6% — Chl i 48 o w,fi,lx‘l 39§ 174 — Remington Typr... 19 1745 18 — 15/ e e {Skation s imperative, ana | mistle Grop Yeplrie from Squth Das) azy M — cniGtWesternot.e 0 1 ST B gud 187 = neplogiesteelr.. g 18 20 ‘y(‘.‘:l l.t;,r,:"l_musscl and it discloses no | O snreading into North Dakota and 31 2 - un m':&su’p( 7| 73%_ 414 — RepIron&Steel... 4635 4115 4515 I T et of the week brought a|southern Minnesota. ~ The forecast| 463§ 32 ~— ChiMi . 25 125 — Riep Motor Tk 0 i me o the market, but only | for continued dry and warm weather 604 5 Chi& Northwn o 697§ 4614 520 Ttoyal Duten on_ good stoc TRt there is any. |helped this movement. The DUIng | ., gq. 7 Cnj& Northwnpf.. 9% *98 98 + i) ya' Dutch: e fon > caleuls was not extensive, however, and when , R 51 —8 113 St Joseph Lead 1hing in the ion today calculated | ¥ - 3 g Tool 55 50 5l 08 to advane eteadily or for any | it_died out the market dropped. I 0% 30 4 Chi Pneu Tool. s ; 2534 StL & San Fran v e iy oot e facs. | Some local experts'continued o em-| 3% oo, _ ChiR1&Pacific... 2% 25 = 2B+ | SiLas . T Buttnined upward moverent will | phasize crop prospects, but others ar-; - 15" 6 ChiRI1&P6%DL 60} 6 60 — 1 t an Fran pf. 5Ot Hevalan MRHL tHere hes Been' & gued that world ‘busifess conditions | 675 mss 7 Chini&PT%pt,.. 2 8 11 —2 St L Southwestrn. .. " § i vil vent any de! N e e b Stie o g ent, ja engtiens Lween these diverse Lopinions, the zg 9" — Chile Copper. (10 16+ 3 :‘LS"“lh“:n pf. > D arket became a foot ball, but in the 1 2 — 13g anta Cecilia Sug.. Weatern Bankers o on Record. | closing pepriud: the”usual weele end | 27}{ 105 — Chino Cov:e;-lh ':';g" :;i - ;” E » conference the|trading brought a rally. | 48 32 — CleveCC& = M. Reynolds, | mand continued slow. ' > L S ) 2275 304+ 7% 3% 3¢ + confidant of thel Continued liberal receipts coupled [ 3133 19 Coca-Cola. T % e Seaboard Air Line.. 64 514 64 + Marchall Field, the|with slow eastern trade made corn| 3030 253 3 Colo Fuel&lIron... 274 26 2 g Smireniy # 4 } cazo, and of |easy and trade light. The only de-| f% it = (10 & southern. 2075 34 + 3% eaboard Air L pf.. >2 9 9 \ Jinz financiers of that | cided rally came near the end, when | 94 24 “0 o0 L L 52 5%+ 1 Sears Roebuck 2 e 1 —1 | H st spoke fromwheat turned. Oats were more IAde 63 col 5 05 - Seneca Copper...... Mg+ i) ' western banker. | pendent, advancinz on bffllish CroBi 130 44 — Columbla Graph.... 55 % o s Shattuck Ariz Cop 65— 34 tirman of the i reports and xmp}-m‘edbcfi‘ u;"d for| 624 18} — Colum Graphonet pf. 235 18 19 — T4 & . 21 3y ! inz of lard firmed provisions at thel g1 2700 7 Congol Gas........: 8115 85145+ 1 2 inclair Consol. . 2074+ 1 start, but they eased off later with] ¥7 9¢ — ConsinterCallanan 4% 44 44— % % 32 — Sloss-Sheffield..... 2 -3 { the hog market. e T M X . 515 153 — 136|188 35— South PortoSug... 38 37 37 — 13 SV TORE, I N e | 206 104 =) Conlalmestie, 10l 6% 6 Southern Pacific.... 72 674 72 +1 spot. No. 2 red 154 No. Bl o 4 /7 ContCan... U 178 — 4 , hard, No. 2 mixed durum, 1.51 2475 17% Southern Railway.. 194 173 199+ 14 > 2 . 1.83, all c.if. 6le 59 5 Corn Product: o e 2 troty diTore and No. 1 Manitobs. 153, =Y Sorn| 104 ¥ 2 ¢ 5 0 &2 Southern Ry pf..... 415+ 1 tirely different New Yor! 4 7 2350 Cosden & Co 4 12 G tion adv 1 by the ern.banker. No 3 white and No.| 447 25! : i 167)3 124} 5 Standard Oil NJ 135 +5 in doinz so he ented the ag- | No. 2 mixed, $2%,1107}3 51% 4 CrucibleSteel. 110 10505 7 Stand OiINJ pf. 105% — 33 1 the great west— ay shipment.: g3;. 1,;‘ 2 Cuban Am Sugar 3w el 9 Sl owirl Wasasn 2215 + z out side issuvs to worry 26 81 — Cuba Cane Sugar P & % HE s P sxteah 46 263{ — Stromberg Carb. 30 +2 tern bankers have been trained o 93} 433 7 Stud 54 55 i theiin ¢ Hea{ro Wil |COTTON DROPS, THEN RALLIES | ™ 3 "y pyiiason Chem T Top f ooehekeroe U0 Ui, Loirined to be IROUL o] W ORLEANS. La. June 35.—AN g0 g0 9 Del & Hudson 1% 434 — Superior Oil 5% sy i Tt s e the haniis of fhe |active and excited market ruled inthe |5 176 10 Del Lack & West b el It o ai; 5 usin t half of the session in cotton to- [&5 Dome Mines . = . 615 — : W4 Gonvenicnt mars | day. owing to the readiness with which | 213 1044 1 Dome Minee. 9 18 7 — Tennessce Cop.. M T - % ritin times to cmploy their first tenders on July contracts were| 253 & SisiastactnEen 57 — 144 29 3 TexasCo........... 38 29 Bit2 TR Temired lsal e | 006 wales were fendered. but, large s | 694 3 8 vnieo 1235+ 3| M4 164§ — Texas&Pacific.... 20 19 W+ 14 « hield in reserve banks, pro- [ this quantity of cotton was, n;e no; 15,.’ et -"‘ i 1734+ 15| 3% 164 1 TexasPacC&OIl.. 204§ 165 193 — 3; ducing nothing in the way of a re- |tices were (;asll_\’ ta‘:t:l" - rones | 2% l?;s = Lrlcz apr 12 — 5¢f 20% 13— Third Avenue. 13 13, 13 — 140 trongly rising market. 7% 11% — Erie 2nd pf. e e ern financiers have fnr;uly were at 10.35, or 10 points un- ;i,/‘ “h 8 Famous Players. 585 + 4| 8% 49 6 Tobacco Products.. 54 50 54 + 215 uropean situation and|der the close of yesterday, unggrnalfx(l) 2)4 : adies 80 +1 |18 63§ — Transcontinental... 84§ 7 Ti§— 15 : to tind much consolation | being felt regarding the day's devel-\ gy 76 * 8 Famous Plays % 5 3,0 46 28 _ 5 Transue& Willms.. 31% 28 314—1 therein: much opportunity for satis- | pments, but almost immediately the} °g ‘50 _ 10q Mines&S..... . 1%+ 35| 4 W37 e i 2 factory” work with the needed as- | demand strengthened and the wholei ' 008 ") Lol e ghe 21%%— 37 65 ' 8 Union Bag & Papr.. 673 64 643 — 215 furance of recompense | 1ist rose sharply. The upward move-{ 20}} 21% et 76 —4 | 2% 17% — UnionoOil.. 19 + 1 A result they have turned their {mone did not stop until July was at| gy 76 = 10 Fisher Body. . ) 122% 111 10 Union Paci s+ 7 best market in_the | 1590 and the trading months were 451 1000 1110 ik Rubber. . B +1 nion Pacific 5 ] + % orld. the home market, where 100.- | 147 points higher than the close of | ¥ 02 — ot morey 13%+ %) 6 6 4 UnionPacificpr.... 6 64§ 6 + 15 i sana g iamericans L and Mixed | yesterday, closing at 1078 %% o g 54 —334f 3 19 = UnitedAlloyStl.... 214 19 214414 country. and ot the debased cure e 54 g‘ o Aty 894 + 34/106 83% 8 United Drug....... 8815 8315 8 — 2y rency of central Europe nor the de- NEW YORK BOND LIST. 17% 5444 — 74207 9% 8 United Fruit.. 107} + 53¢ P ted money of western Europe 625 54 6 5 12l 1224 77 — United Ry Invst 9 7% 8 — ¥% in their hands to exchange for that ! 13845 120% 8 1271+ 3%) 124 b4 . E; % w I"r‘;h they n"NLh i 7 b .g% 1 10 + |2 174 — United Ry Invpr 19 17% 1756 — 23 ese western hankers seem to be 4 624 48 6 United Retail Strs. 544 50 54 pide feet with the Men thas 1t e wars i g% - fi%_ w| 19 134 — USCastlronpipe.. 14 125 la%_t ! I than the foreign 314 —1 | 21% 15 = USFoodProd..... 17 15 17% | st til time shall - % o S > % S s e anal) o | 4% 622‘”‘% % #6714+ 13| 4% 48 8 USInd Alcohol.... 53 484 52%5— 3| e ¥ : s g gl 1% 583 41% — US Realty. 467% 4215 46 + 15 (JTheS are orRozed to any more loans | e s an B R e S el B the government viseing 88% | o 7 corthern pf.. 6515 6015 654 + 13¢{103% 91 U S Rubber 1st pf.. §— 4% in doing s _ 'm%i 95 60 Great No - por Bl i, - Refin. 29 = see beyond a commission: they are ohlo 2% | 3915 25% 4 GreatNorthnOre.. 27 25% 263 — 35? 35" - U S Smelt Refin 735‘ ";’6 33 3‘ utterly opposed to any attempt to Quiney joint 4s ':‘ | 165 7% 1 Guantanamo Sug 8% % 8 — 8615 70 U S Steel... 7% 174 1% — 5% foist German reparation bonds on the | Chicago, Mil, and St P. ev. gn,c - G, ) A0 25~ — Guif States Steel 2015 25 271 — 14112 105 7 USSteelpf. 106 105 1057 — 3% Tnited States. nor _such a project f"llfll"&» thwestern gen. o8 (offered) 90 48 ul 52 - 5015 45% 2 Utah Copper. 50 455 45— 15! possible no matter how skillfully con- o b o 50% 4 Haskell & Barker.. : % . g0, g & socted - i W] 2515 13 — Hendee Mfs... 15 +1 {125 84 — Utah SecCorp. % Mr. Reynolds did not consider that 4 55 — |41 2% — VanadiumCorp.... 8% 2545 28 +1 it would be “al r:‘i!tlfc" lg :‘i’\;'em:ohe 8 47 — HoustonOil.. = M o5 B Va-Carolina Chem.. 2% 23% 25 allies a receipted 1 nsl e ), = | i 1634 10}4 1 Hupp Motor. . -~ s — 4 -4 000,00 they owe the \United States, .';'Z:..-',.T"in-cmc P 85 7 IlinoisCentral..... 8015 — 34]102% 60 e Va-Car Chem L. 5k 6N 65 —3 but 1n this respect he will probably g 3 find ‘many objectors, more than he | {reat Northern 1st $1is. s 3 60 3 - 9% 5§ — Vivaudou. 85— 5% will to”the broject of developing the | ,m,';:,.,.::.."nnmi e 2| amg 20 — s+ %| 9 7 — Wabash.. . z'ol,li+ %! ca 3 ] fer. Mari 3 . 22, i P - Cctary Mellon has asked for au- | K e .| % 3% — InterboroCon... § B Bi- W s B - Wabamard oo mfif i o I earing and. o oc | Loerile & Nashwiile 4. i 5%! 16" 9 — InterboroConpf... 10 95 104+ 75| 72 4935250 Wells Fargo Exp 4 520 5| tomake It Interesi bearing and (o et | e & ML BRI 5 s derawniCamor. i W i+ (b5 B( — WestemMarsland. 80 B0 8+ k| # maturity ¥ 52 z -— e 1 2. -— future to )insure a settlement, while | 5110014 78 5 Inter Harvester. 857 8l 8 + 4% 211 14y - Western Md lz: pt. 25!//. 22"’ ;s}: bi. at the same time Be will probably n- | % 1 916 — InterMarine. 135 9% 10 — 1gf 3% 2§ — WenternPacific.... B/ 22§ B4+ 1| nounce before very long his plans for | Ll ety 85 42 46— 3| 705 61 6 Western Pacpf.... 625 %6l 6l funding the big American government 633y 42 6 Inter Marine pf - it s T SRR LI 8 g % — 1% obligations for the relief from the va% | 42 281 — Inter Motor Truck. 30 2835 30 R s 2 cantinuous temporary borrowing with T 66% 7 InterMTrkistpf.. 68 66l 614+ 135 96% 8 7 Westinghouse A B. 8 8 —2 its r‘onttll:.:lé g;:lnv;rt;n the money sup- 641; 56% .7 InterMTrk2ndpf. 585 *563{ 57+ )4 4% 41§ 4 Westinghouse Elec. “y Ay My + ¥ rlies of - 33 i - . - ‘ The country is not standing still 2 |17 13 — InterMekel....... M} 13 13— %] 14 7% — Wheel& LakeErle. 8§ 75 8¢+ 3 Some progress at recuperation is be- | Ieuding 2% 2 o Paper. 531 47 52 19% 13'%6 — Wheel &L Eriept.. 16 135 16 + 14 inz made: business failures are per- | Kepurlle lron, & Steel, 34, (COib:- o "l | T8( 43¢ — InterPaper...-.coe o8 o, o a4 2% 4 white Motor.. 2% — 3% a little more numerous, but they | 5t. Louis & San Fran, B 301 | 75 68} 6 Inter Paper (sta).. Y 693 — 134 e 5 ve ok hieem B8 Iy o Southern el E M7l 2% 10 — InvincibleOil.. 1210 14+ %| 17 84 — Whiteoil.. 54— 115 The lesson of conservation has been | Sithert 84 % o4 24 —3 41 3 5 Wilson& Co. 3 learned by merchants and retailers | xouthern 80! 0 9% — Iron Products. = TE 6F 64— erally. Keeping pace with the de- | southern £; %% — IslandOil 3 2% 3 10% 5% — WillysOverland. 3 % — % nd doe; not necessitate cancell u‘l.’ 4' - Tearel Tem .9 8 9 + 13 42 214 — Willys Ovind pt. 33 2% 28 — 5% 0] ers. 2, o i ! $— 1% i gmitted that the woolen busi- Tkl o075 81 — Jewel Teapf.. 20 19 20 +1 |117% 18% 8 Woolworth........ 110 1085 1095 — 75 ness has made great recovery: that |y s. Steelde 4% | 2515 141 — JonesBros Tea. 18% 18 18 — 3| 55% 385 6 WorthingtonPump 43} 3§ 40)5 — 24 th o Tubber Car Che o ivi e low Pl o which are wearing St alins it = U+ 1 * Ex dividend ] % | ot . this, reduction is due to smaller 2| more or less shading of prices is be- i|Spanish metal BUILDING: COSTS IN CLEVELAND 30 PER CENT LESS |3 Part of Reduction Declared Due to Smaller : Labor Prices—Materials Also Drop. "‘Survey of Many Places. NOWFROM25TO CLEVELAND, June 25— Construc- tion costs in Cleveland are estimated | now to be from 25 to 30 per cent le: than the average costs of 1920. A part | labor costs, the building trades having this week accepted a wage cut averag- ing 17 per cent. Materials have fallen in price from 20 to 40 per cent. - Com- | Price to date has been about $31 a mon brick is selling at $15 to $20 a|S2rment: | thousand. Steel has declined from $72 Not | a ton to $44,-and lumber is consider-| SEATTLE, June 25.—There has been a general wave of wage reductions ably lower. Yellow pine, at $44 a thou- | sand feet, is off $32, and oak, at $197, is off $103. Cement, at §: g dustry. Office help have had has declined $1.08. wages reduced an average of 10 per Street Rallroads. ](-om. Many merchants, however, are NEWARK, N. J, Jun —By aij large vote, the employes Publie | Service Railway Company. operating | electric cars in northern New J have decided to ac an hour in wag had refused to ac cent. & Dtacut of 5 The men pre Pt a cut of 20 per Jewelry available July 1. cloth and cravats. season have fully equaled those of over this territory, which continues to spread in practicaily every line of in- making strenuous éfforts to avold wage reductions by reducing the number of methods of mercltandising. | nouncement FINANCIAL, t) the extent of $9,000,000 will become The articles called for include officers’ caps and hats, service hats, linen cuffs, Palm Beach ROCHESTER, N. Y., June 25.—Over- | coat orders placed with manufac- turers by retailers for the coming past years. The average wholesale ® nd employinz more scientific LAWREN American Woolen Company and by the Pacific mill& that the local plants of the two corporations would close VLA from Augvst 27 1o Scptemper 6. 1t NEW YORK, Junc 25.—The current !is expected the same schedule will be na n Lane for silver! cuyrried out at the Arlington and ||l wedding presel 1 es there is no| pverett mills, This period is usually ility on the part of the pub- i wranted local mill employes as an ||l uy gifts of importance. Manu- turers also say it indicates that re- | tailers are not buying for stock. but! are running with their shelves lightly laden in _the hope of a slight fall in | prices. This latter is shown by the; number of telegrams to manufacturers from retailers demanding immediate | shipment of orders. Manufacture ay there will be no price reductions ! before fall, if then. Candy. | SEATTLE. Wash,, June 25— The | confectionery trade is dull b th a slow movement in box Wwhich have not been mater duced in price. s drop- nt below the peak Fruits and Prov NEW ORLEANS, June 2 sorbing power of this marl for fruits and_provisions many years. Commission merchant attribute this to the high pri charged by retailers. Meats and pro- visions sales are ext Iy small. SHATTLE, June —Fresh vegeta- bles are per cent in this market today than the ¢ a year| ago and canned fruits are off one-| third. Strawbe: selling at from $1.30 to $1.75 a crate wholesale .; 1 the retail price ranges from §2 to 25, HOULTON, Me., June 25. thgqusand barrels of potatocs have beén dumped on the ficlds of south| Aristook county by farmers for fer- | tilizer. The producers were gh with a large surplus and prices de- | clined from $3 a barrel to 40 cen The starch factorics took over the surplus of the farms in the northern part of the county. Clothing. PHILADELPHIA, June War Department has already reque «€d bids on clothing, money for which |SHADING OF PRICES INSTEEL IS NOTED Buyers Not Anticipating Needs—Pig Iron Quiet. Copper Dull, Easier. NEW YORK. June 25.—The market for steel is dull and easy. Mills are running at only about per cent capacity and, with competition Keen for what few orders are being placed, ing resorted to. Buyers are very cautious and are not anticipating their needs. At the same time, while stocks are not accumulating at the mills, as production is reduced, they are fully adequate, and there is con- siderable selling by second hands, which includes government holdings here and abroad. Pig iron is also quiet, with order: { confined to very small lots for imme- | diate use Prices arc irregular and | the market displays a weak appear- ance. Copper Continues Dall. Copper has been dull and easier. The rather better’ inquiry reported to- ward the end of last week failed to develop any actual business of im- | portance. The continuance of the | British coal strike and uncertainty of exchange rates still hold cxport business in check. A somewhat simi- lar influence on domestic business has probably been exercised by the | unsettled ruling of the grain, securi- ties and cotton markets, and buyers generally are operating only from hand to mouth. Meadwhile, some little pressure to sell for spot or prompt shipment has developed with dealers and some of the small producers, shading shipmént to about 12.75 ta, 13 for these positions. The “iarger | producers are not meeting this com- petition, but are considered practical- ly out of the market, and quotations for the third quarter now range from | 13 to 13.50 for electrolytic. Review of Other Metals, Tin lost a cent during the week, but subsequently steadied a little on better London advyices. Lead was lower, the importations of and continued slack demand offsetting firm London cables. In the zinc market there was con- tinued inaction among consumers and operators despite the easier price level. The East St. Louis quotation of 4.35 Is the lowest touched since 1908. ° Antimony was weakened by recent heavy arrivals and more en route, while demand shows no signs of re- viving. WOULD LIMIT PHILIPPINE DEBT TO FIFTY MILLION; Acting Governor Urges This -Amount Instead of $30,000,000 Provided for in Bill. MANILA, P. I, June 24—A debt limit of $50,000,000 for the Philippine government is advocated by Acting | Governor General Charles E. Yeater, inStead of the $30.000,000 provided for in the bill recently passed by the House and sent to the Senate. Mr. Yeater cabled the War Department today, urging that the bill be amended. Originally, the law permitted only $15,000,000 indebtedness. The amount was_increased to $30,000,000 by the House on representations of finan- cial urgency. ; “The bill.which passed the House provides for rectification of our- ex- changes,” said the governor general, “but we need $20,000.000 additionai to extend cash logns to the Philippine mational .banks.” —_— SELECT CLARKSBURG, W. VA. Spectal Dispatch to The Star. ‘WESTON, W. Va., June 25.—Rev. B. M. Mitchell. pastor of the local Meth- odist Protestant Church, who is chair- man of the standing district cofamit- tee of this' state, announced that tne committee had fixed Clarksburg as the place for holding the next an- nual conference of the Methodist | Protestant church. The conference will begin Wednesday, September 23. { The school board adopted a r | company ! motive driven by a Die |Liquidation and Professional nnual vacation. PITTSBURGH. Pa., June 2 burgh's $10,000,000 " sehool program has been held up indefinitely panding a settlement of the disagree- ment between contractors and men bers of unions in the buildin | lhtiri | i i 1 i 1 i \ av offering 1o USe 1S toward a settlen of the called upon to do so by both . The dispute also is retarding develop- ment of the chamber of commerce's | £10.000,000 home building campaign. l DEROIT, June 23.—The Ford Mo- tor Company has scheduled a produc- tion of 4.000 cars a day for July. The Brokers with their own sales organization and cli- entele—to handle the 8% Preferred Stock with a Common Stock Bonus of one of the Best Known Chain Store Organizations in America—Stores in op- eration for over five (5) years, with a wonderful record of Success. Officers and Directors include some of the Best Known Men in this _particular feld. Prop- osition indorsed by Lead- ing Business Men as well as Bankers.” Address in confidence, G.G.G. Box 341, Cedarhurst, Long Island. B "19 % $1,100 BUYS $110 INCOME. LARGER RETURNS POSSIBLE, SEASONED BONDS OF WELI, KNOWN NATIONAL Fi- NANCB_ INSTY ON NDER SUPERVI- LAWS. BONUS Star_offier - | Cosde: CITIES SERVICE Loew’s, Inc. Calif. Pack. Cal. Petroleum Gen'l Asphalt n Am. Sumatra Am. Woolen pfd. Allis-Chal. pfd. The current issue of our weekly Mar- ew contains up-to-the-mirute and Copy sent gratis o1 re- No. 240, C. A. BERTRAND & CO. Main Office, Brarch Office, 25 Broad St., 44 Court St., New VO[I( Brooklyn | production for June. officials of the rt, will break all rec- | ill_approach 105,000 cars | one, with 10,000 more A'new type of loco- ol engine now is under experimentation.- BUENOS AIRES, June vessels have arrived here this week from Germany. carrying cargoes of iron, pipe, brass tub tinware, heavy machinery electrical supplies, optical goods. and rubber products ords, and in this plant at other plant: 5 —Three | Large quantities of similar goods shipped by American manufacturers have been refused acceptance by im- port The German exporters are; n turn tine me N YORK, June 25.—The extent to which Ame: s us 4 nation have be- come bondh: ince the libe: i loan campai, dictated the ac-} tion of the New York Stock Exchange in reducing tie unit of bond trading | from $10.000 to $1.000 It was felt! that the larger unit mitigated against | - dealings of the smaller bondhold- | whose numbers entitled them to! recognition. i RALLIES INSTOCKS BRING PRESSURE Activity Force Low Records in Market. NEW YORK, June 25.—Liquidation | and professional pressure this week | caused more losses and low records ! in the financial and commodity mar- | Kets. Almost every rally in stocks was a signal for increased pressure and ! lower quotations, until many shares, | which figured in the table of averages, | were 75 10 200 points below maximum g quotations of the hysterical war period. Attention was temporarily divert- ed from Mexican Petroleum and other spectacular features by a break in United States Steel, whose heaviness was accompanied by more pessimistic reports fgom leading industrial cen- ters. Lixperts See No Improvement. Save in a few cases, including the textile trade, the business outlook, as viewed by conservative authori- ties, showed no improvement. Slower collections were reported by com- mercial agencies. with further con- traction of buying power. Sharp declines in exports last month —in many instances a drop of 50 per cent as compared with May, 1920— had a vital bearing on banking insti- tutions organized to handle post-war foreign trade, and the pioneer organi- zation of that character announced voluntary liquidation. Lowering of the British bank rate, despite adverse industrial and eco- nomic conditions abroad, hardly af- fected the international money mar- ket. All foreign exchanges were low- er here, with fewer dealings than any time since the extensive reaction in sterling bills. Domestic money rates eased. Traders expressed belief that local and in- terior banks would offer time funds more liberally in the year's third quarter. S —_— LIVE STOCK MARKETS. BALTIMORE, Md., June 25 (Special). —The live cattle market is firm on top-grade stock. Receipts running light and the demand is steady at the following quotations at,Light Street wharf today: Beef cattle—First quality, per 1b., 712a8%; medium, 5a7; do. bulls, as v, 31 cows, choice to mon to fair, 2ad: thin steers, 3lkadls; oxen, as to qual- milch ' cows, choice to 5.00; do., com- Calves—Veal, per 1b., 10%; heavy fat veals. 9a9%; dinary to ‘medium, 8a9; d smooth. fat, common, thin, 5. 10a do., or Lambs, spring, choice, per do., fair to good, per Ib. 8ai0, Hogs—Straight per 1b, 8a%; sows, as to quality, ; stags and boars, |1 3a4; live Digs, as to size and quality, 12ais; shoats, as to size and quality, a 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; inbetwecn grades 25 to 50 lower: com- mon and grassy kinds 75 to 1.00 low. er; butcher she stock slow, all steady: canners and cutters and bulls 25 to 50 lower; veal calves 50 to 75 higher; spot cows and heifers 25 .to 50 lower. Hogs—Receipts, 5.000 head; light hogs and butchers steady to strong, ‘others mostly 10 to 15 lower than yesterday's average top, 8.80; bulk, §.10a8.75; pigs nominally steady. Sheep—Receipts, 6.000 head; today's receipts difect to packers: compared with week ago. light mostly. steady: some natives lower; low grades and | heavy shecp around steady; fat handyweights mostly 50 higher. NEW YORK. June 25.—Cattle—re- ceipts 480. No trading. Calves;— receipts 20; dull. Virginia 9.00a10.00. Sheep and lambs—receipts 5,925; weak. Lambs 6.00211.25; culls 4.00a- ,.00; sheep (ewes) 2.50a4.50; culls 1.50a2.00. b Hogs—receipts, 2,440; steady. Light to medium weight, 9.50; heavy hogs. ' 9.00; roughs, 6.50a7.00. Al upon copservative margin paywz i small monthly Income With Your Write for bookiet. We also buy for OTT & STUMP A handy book 2 -——on request Containing: General Rules of Trading—The Rights of Stock and Bond Holders—Commis- sion How to Give a Broker Instructions, etc. Ask for UU—454 'e will also furmish vou infor- mation on the New York Curb Market stocks in which you are interested. BALTIMORE OFFICE 433 EQUITABLE BUILDING Telephone St. Paul 8451 DIRECT PRIVATE WIRES New York Chicago Boston Philadelphia Pittsburgh Detroit Baltimore Cleveland JONES & BAKER Members New York Curb Market Our 20-Payment Plan Wil help vou buy high-grade dividend-pay- ing securities, - taliments. Build Stock Exchange Bldg., Philadelphia d_pavements. steme. THeports, Valuation, Managemest. Money How About Your Rental Property? Leave the care and manage- ment of your rental property to us. The Collections will be made promptly and remittances made on the dot. Special attention is given to keeping down repair bills and sclecting reliable tenants. This service costs you only five per cent of the rentais collected. B.F. SAUL CO. Property Management 934 N. Y. Ave. NW. i