Evening Star Newspaper, July 27, 1921, Page 22

RO R D JULY 27, 1921. Wa'shinoton Stock Exohange. Potomac llu-mc .uuu -artnl. 60—$500 ‘\-fiunnon t.l.- Tis—$500 at 1023, In ‘1920 THE-UNIted Stat TS [Ks & source of Austrian food supply. (490,670 tons, chiefly grain, mait. le about 4 per gent of Austria’s total for- Durln. the year this country bought | u: flour, rice, fa Slen commerce. And Berved principaily | 10,60 tons, Snieny Minerais, and soid | uete. oils kad cobton” o o0 "“’ T B 3 % Money—Call %801 per cent. P 1 Bid and Asked Prices ; : e e PustioVoitiTy ; 1LITY. 2 (Reported by Reduiond & g‘;) Bla. Asked 1 Tl 6 1922.. 99 Aerican To and Telsa. 4o T - D / 2 Armour' & Co o7 [ American Tel. & Tal. 8 1023 09 % | Am. Tel. and Tel. .-:If & e 8 < % 24 / Alchiscn, Zopsxs a Thread Oo. Db 1028.. 84 Am. Te 0% 0% ¥ Atlantle Reduing Co. 8%s" is8i 1% Tupaces. 1 8 e Baltimore and Ohlo coav. 43sb....... €ft | American "N"";.m““ o Tt 105 o Baltimore and Ohlo 6s. 894 | ATt o da Gopper fe if21. 91 814 | Anglo-American mx s 1928, Potomac Electric Light 56, ] & 83 Armour & s Potomac Electric cons. 58 . 85 10 Rethlehem Steel Ta Potomac Electric Power fi My ... S E . T T 10| Beihichem S Tn 3 | iamic HICE Forer G sl i Canadian Pacific 8« xm HOULD BE BROUGH O US B Gt £ | it oo il e n. 4 k(3 28 Washiugton Rwy. lec. 4s.. 61 [ Attty ! " ;2 . 5410 | Shicaso, BT "”‘““' 052 B, Ay, | Wasn. wy. and oo, 038, 6. w?{ 9% Mo mnv ga k',"‘ G 5ot N :?\37: e !‘(.m Eon.rxt.fwlovt - b iz ? 2 pper Expor oalty G (s 5 at . We: offer. foreign exchange facilities that will expedite your Conper Export otd g::,';};;:g: Market 0o (g1} T8 i .. commercial transactions in any part of the world and which o et o, 3s 1 Eu STOCKS Fie < f forg Pty | . 7. cover your every requirement, from the cabling of funds to Btk o8y Corparssion 12 1863 88| Amerionn ob and elgnr s ‘ the collection of drafts, from the issuing of travelers’ checks Hocking Vailsy 1o 165 i | Wittt Gar Sy W, . Ta 1 No: i and letters of credit to the rendenng of trade and credit 3 01 | Kennecott Copper. 74 4| W ey R w * Tiiinois Central 534s Bif | Liaxers & Myors Tob. 0 | % %5 Intemational Mercaniiie lll!l.ne Sl w0 procter & Gambie 74 1923 .9 Inter. Raptd Tra 58% | R J. Resnolds 8 - Loutsvitie ana 1048 | gears, Roobaok m-wnn, :} Rears, Rotbuck & (0. Tn 1922. Now York 1018 | Boathern Raneras 4 e e o ™ 914 | Bouthwastern n,fi 78 1 . New York Telephone 6 984 | Rwitt & Co. s 1921 %0 Norfolk and tern con 798 | Rt & oo o 1921 Norfolk and Weatern conv. 6s. .. 108" | Taxan Co. Ta 102 Northern Pacific 48 77 | Unfon Tank Car Co. 7a 19%0. ;:;fi}fvfl'fi T Car Co g:!t Western Blectric Co 1- 1925. .. 100! .. 16 g Penusylvania R. ouy, | Westinghouse E. & M. 7 1031 Femarivans gon. moneues 4 ' S Amercan. Becuciy ana Trast . el mericy t; l .2 225 4 Reading .ener{f K s th 7 FOREING EXCHANGE., Sntinental Trast T T 0 :; }:m -3 Belling checks—Dollar vaiues at noos tod: &E?In"ll‘r::tfln ?'HI . 8t. Louls and $31% Dudapest i Washington L 5 3 Mam Offl ce Branch Offi et 3 Hne" i e R it : P ra 1C¢ Beaboard Air Line adj. 1,27 Copenhagen Commerce and Baving 155 4 Binclair Cons. Oll Corp. 4.14 Christiania East Wi gton . 11“ 00-902 F S 0 18-620 17th S Routhern Facine conv. s R, e Seeurty neies and Commorcial 38 . ; t ecarity fav : 9()0)- )2 ¥ treet. On Saviags 618- th Mtreet Bouihern Waitwar e Beitrade Beventh Saxiogs aod ouumercar 88 ; ¥ : Union Pacific let 4 Tnton_ Pacifle ou 1028 - - n R United States Rubber Blue-eyed cats_are invariably deaf. Arlington - - Corcoran Firem: re T e B American_ . National Union. . TH TITLE I EEEES TR Cotdmbta Tie o, TVSUBANCE. Real Estate Ti m- Tierchan e Trandier end sm—.p - 3 v % v Mergenthaler Linotype 3 ™ i 0ld Dutch Market com. ".; 0ld Dutch Market pfd 9 Lanston Monotype Sacurlty Storage . Waghington *Ex-dividend. —_— CURB STOCKS. Quotattons furnished by W. B. Hibbe & Ca. Astan Bxplostves 76 Anotaer Wonderful Sale of YNES DEMONSTRATORS | From Our Branches at Hagerstown 3 £ 25 23 70 65 . 14 1 4 8 1 124 120 1 80 46 1 [} 1% 7 9 29 5 Quot Prlu at noon: German gov. 4 ek ‘ and Cumberland m - - Last week a good many people—perhaps you were R & 8 one—were disappointed because all fourteen of our : B ‘ 7 demonstrators went in a single day. Just to give you ' Bheme o1 b .. another chance to secure a new Haynes car at a con- e ooy " siderably reduced price, we have called in all demon- e T strating cars from our branches in Hagerstown and R ] ' Cumberland. || i R S E Pennok OIl .. 4 -4 These cars—ail mcdel 47’s, some four and some (EEET I R OR seven-passenger—will go on sale Thursday morning at ..D_»M e the same savings at which our Washington demon- i E - strators were sold. That means you save the freight || Ao * and war tax, and in some cases, more. ' i ;f“:‘"‘ TN ~:. Over in Western Maryland, where these cars have | B V‘ _ been winning friends and laurels, there are somereal i EEETTE L tests of car quality. Climbing old South Mountain Jloot it N - - - and Sideling Hill are tasks that make our Thirteenth 1| e o Berltn Breater Teriia Bremen 4las i‘auu Street look like a down grade. To perform under such circumstances, it goes without saying that these : cars have been “broken in” just right, and kept in the : :sé" 1 B985 FEFRFEET Rritish vie. da. - pink of condition. | it by German gov. 3. German gov. 3%s 11 LONDON WOOL ACTIVE. IAOLDOV. July 27.—There were 10,- 476 by offered at the wool auction sales ner . Bidding _was active and prices were steady. There was a bet- ter demand for inferior grades. lkl':lln Prem. 5s 74 “This is one of the times when Opportunity knocks at your door the second time---and there are only a few of these cars to offer. Better be there when we open. - Dls ct Haynes Corporatlon (DISTRIBUTORS) ' -1022 Connecticut Avenue N. W. ‘Main 858-859 ' . OPEN EVENINGS (Used Car Buyers—Watch for our display advestisement in this paper Wflw'flhmwhh) Great ‘Through Freight Servics . | throughout the midwest, there is - |of confidence manifest which bespeaks * | understanding of conditions. EASURE or business—make the ocean your route to the skies, bracing air. The call of thesea isost inviting now. NEW YORK to GALVESTON Calling at Key West, Fia, BY A. D. WELTO! Bpeclal Dispatch to The Star. CHICAGO, July 27.—While business 18 neither very good nor very bad spirit An up-to- the-minute survey of this section today .|showed thirty-seven industrtal concerns operating at capacity, with orders to keep thém busy for from thirty to sixty days, while forty others reported their sales were averaging 60 per cent of those of 1920, Crop conditions are good, and as crops are marketed there is hope for better buy(n’ among the farmers. Collections hy mproved already, and it is noted : that many old accounts are being settled. When extensions are asked there is more + | definitencss about the time of payment. The trend in prices is downward in general, but upturns in many individual jcommodities are expected. The opinion is unanimous that stocks in the hands of producers, jobbers and retailers, par- ticularly of dry goods, are lower than ever before on goods for spring. The outlook for next year, therefore, is for increasing business. ~Trade conditions i point toward some early revival in de- mand for steel products in this section. Striving to Start Building on Accepted Pay Reduction BY FRANK D. McLAIN, Bpecial Dispatch to The Btar. PHILADELPHIA, July 27.—One of the favorable developments of the last few days in this section has been the determination of certain members of the building trades to accept a wage reduction averaging 24 per cent *|and return to work. Strong efforts : ‘e now being made to get building rted, and it is claimed materials hlve been reduced 40 per eent from the peak prices of 1920. Capital i sought to finance S:n ng exerted to have the city and |go forward with programs of public improvements. Another encouraging sign has been the recall of hundreds of workers who had been laid off at the Key- stone Watch Case Company works. Some textile mills also have engaged more operatives. - Eighty-three shoe manufacturers in this state who re- cently exhibited at a style show here report that they obtained large or- ders. Recent importations of goat skins have shown a big increase, they figure larg in shoe manufac- ture at this center. Business in the South Awaiting Crop Outcome BY L V. SHANNON. Special Dispatca to The Star. NEW ORLEANS, July 27.—Every one in the south is awaiting the out- come of the movement of the new crops, and while businegs conditions have begun to show some improve- ment, things are at a standstill in most of the country districts. The in- creasing size of orders coming m, however, points to large buying u the farmers realize on their produce. Business in this city continues nearly as good as last year. The big problem the south is facing is the effect that the 10,000,000-base carry-over of last year's cotton crop may have this season. More generous treatment of cotton men by the fed- eral reserve banks, adoption of tLe plan outlined Tuesday to Congress by President Harding and nrob-mmy that consumption next season wiil far exceed this year's production should enable producers to market their crop at a fair valuation. This state, with a diversity of crops, two of which—sugar and rice—al- ready have shown substantial ad- vances, is expected to be the first to show revival in business. Commodity Reports From Various Sections BOSTON, July 27.—Although build- ing operations show some increase they are etill far beiow normal throughout New England and the market for el proiucts and lum- ber is stagnant, with prices marked down to a low point. Business is very poor in tools and metal products also. NEW YORK, July 27.—The output of Portland cement for the first half of this year amounted to 42,464,000 barrels, or 94 per cent of the 1920 producticn for a similar period, Clething. CHICAGO, July 27.—Clothiers all over the country are combing the market for tropical weight clothing in large sizes. Few garments in sizes above 40 are said to be availa- bie, as the manufucturers less attention to the deman fat man than to prospective cus- tomers of smaller girth: NEW YORK, July 27.—Retailers are reported to have revised thei rders to some extent, scaling down the early placements for higher priced goods and substituting orders tor goods to meet the demand for suits and overcoats selling from $35 to $40 each. Frult. o SAN FRANCISCO, July 27.—The apricot crop in many cases is coming to the market in poor condition, and canners are refusing many shipments. Grapes are recording some gales at $80 a ton after growers had refused advance offers two months ago of $100. The raisin grape crop is light. NEW YORK, July 27.—Preparations are being made by Chilean growers to make regular shipments of grapes to this market in refrigerator ships. One shipment which was given a trial arrived in 0d condition and was sold at excellent prices. Grown south of the equator, the Chilean grapes will arrive here in midwinter when American fruit is not on the market. AKRON, July 27.—Production in au- tomobile tires is rapidly approacting the volume produced in 1918. The number of employés now working, however, is far under the number on STEAMSHIPS. Southwest. Blue summer _—_.__——————-————_.___.____.__.__fi____.___ q<a " w00 gfii £ 3 £ A P £33 SPIRIT: OF CONFIDENCE TOPS 50-50 STATUS IN CHICAGO A Survey Shows Many Plants Running at Capacity and Some With 60 Per Cent of 1920 Sales. the pay rolls in that year. Only slight reductions in wages have been made. NEW YORK, July 27.—The output of rubber heels Is steadily Ificreasing, and so popular have these become that many manufacturers are turning out shoes with rubber.heels attacted Steel. PITTSBURGH, July 27.—The steel industry is now believed to have pass- ed the extreme period of dullness. where demand was less than 20 per cent of capacity. The increased de- mand 80 far seems to have expressed itself in sheets and bars. READING, Pa., July 27.—The Uni- versal mill of the Reading Iron Com- pany today resumed operations after a lay-off of some time. The men re- turned at & reduced scale, which pro- vides a rate of 30 cents an hour for common labor. ALTOONA, Pa., July 27.—Fifty car builders who had been laid off for many weeks have returned to work at the local shops of the Pennsyl- vania raflroad. Jewelry. NEW YORK. July salesmen now on the r in orders described 27.—Jewelry d are turning near normal.” Dairy Products. S8T. PAUL. July 27.—Minnesota pro- duced 139,237,843 pomnds of butter this year up to the first of this month, although the lack of rain put pastur- age in _poor condition in some sec- tions. This product brought farmers $79,622,767, the average price being 57.18 cents a pound. NEW YORK, July 27.—Farmers in this section have increased the price of milk for August 70 cents a hun- dred pounds, and retailers have an- nounced an increase of one cent a quart to 15 cents for grade B milk and 18 cents for grade A. Tobacco. ELLINGTON, Conn., July 27.—The tobacco crop in this vicinity has been badly damaged by hallstorms, the loss being estimated at $250,000. NEW YORK, July 27.—The P. Lor- rilard Company has cepted plans for a new tobacco factory to be erected here at Avenue A and 72 streot. The new plant will cost half a million dollars. ‘Wool. BUENOS AIRES July 27.—Argentine wool growers are reported to be nego- tiating with German textile manufac- turers for the sale of the surplus from this year’s wool clip and stocks from old clips to Germany. Cottons. NEW YGRK, July 27.—Percales and branded lemached goods are strong and s0ld sdvead as far as mill agents are willing to take orders in mogt cases. In Qray goods sheetings red- istered a pfce advance. Avutomobliles. i DETROIT, July 27.—The Hupp Mo- tor Company is turning out eighty cars a day compared with 105 a day in July last year. The Lincoln Motor r Company is turning out 300 cars o month trentors s besh reluoed and $1.250,000 new working capital has been obtained through the sale of bonds to large stockholders. Gratn. SPOKANE, Wash.. July 27.—Presi- dent V. F. Chillins of the United States Grain Growers, Inc., reports that an offer has been received from a New York exporter offering- to purchase 33,300,000 bushels of wheat for ship- ment to Poland. GALVESTON, July 27.—The export demand for grain from Germany is rapldly increasing and grain shipped through this port to foreign countries is going in large part to that country. The Italtan shipments have falien off. Silk. NEW YORK, July 27.—Dress manu- facturers have noted increased opera- tions in the cutting up group of the silk dress division and also report ml-t jobbers are having satisfactory sales. Watches. WALTHAM. Mass. July 27.—The ‘Waltham Watch Company today an- nounced a reduction in the wage scale of employes approximating 10 per cent, which will become effective August 15. Reports that several hun- dred workers would be laid off were dented. ‘Textiles. LOUISVILLE, Ky., July 27.—The Middle States Textile Manufacturers’ Association has placed its members on record as favoring the establishment of the open shop. Notes. SAVANNAH, Ga., July 27 trade of the boys and girls of nah has influenced the business of confectioners here 50 per cent in some lines. The youngsters discov- ered “frozen punch.,” a simple mix- ture of shaven ice and fruit syrups, as a cheap and satisfactory substi- tute for ice cream, and adults soon took up the fad. The punch retails for 5 cents, while ice cream still sells at 10 cents a plate. Ice cream sales have fallen off one-half in con- sequence. NEW YORK, July —Cottons and woolens seem definitely to have struck the road to increased demand The silk industry now is taking « breathing spell, but the purchases by retailers and wholesalers of woole and cotton goods show a health dvance, although retailers make no cret of the fact that buyers are seeking not only lower prices, but lower grades of merchandise, espe- cially in apparel. MINNEAPOLIS, July 27.—Gov. Preuss has ordered the state depart- ment of agriculture to investigate the coal situation in the northwest with the object of averting any pos- sible shortage next winter. Docks at Duluth are piled high with c: checking receipt of further reserye stocks before the lakes close 1o navigation. ATLANTIC CITY, N. J., July It is now possible to make the round trip between Atlantic City and New York by aeroplane at a cost of $85. ‘The fare one way is $50. The former rates were $250 one way and $300 for the round trip. —— OIL STOCKS. Quotations furnished by W. B. Hibbs & Os, Bid. Asked. {I&Amm‘ Ot Go. (new).. 5 LS ! L 87 tlaatic Refining i ':,‘ : nurny- nr Line Co. B l:"_‘ Fon ¢ 105 . ('oqun:?u = 08 08 ipe Line. BTSN P . Pipe Line..... 0 0 na) 01 Co. 31 33 Galena-Signal Oil Co. “Pra Tllinois Pipe Line Co. o Southern Pipe L h Penn. Ofl ;':v Bonut) Bouthwest. Penn. lum.m o G