Evening Star Newspaper, July 27, 1921, Page 23

Py i FINANCIAL. ..” ¥ MONEY AND EXCHANGE. — x-niANcr-Afi.‘ . fH'E EVENINGSTAR WASHINGTON :mLY27 '1951':. SHCCESS ASSURED | NEW YORK STOCK EXCHANGE. S’"]EKS ARE smw' Grain, Produce and Live Stock| i s il 8 | sl Sl Bl iies o < -88: cantile paper_ Received by Private Wire Direct to The Star Office. ‘| LOCAL WHOLESALE MAmKET. I”“ to~a¥%: and’ ‘then turned’ wp. | MR 1% May. 12.2 Fety s wnd' commer- =terling sl B! clal sixty.day bllls on banks, 3.53; | < 36; | grad Open. High. Low. Close. Open. High. Low. Close. Eggs—Strictly fresh, per doz., i | grade. La_AY MARKETS. commercial =<7 4% 4% 45 |Union Pactfic. 8% 119% g average receitps, 34. (Jligher prices on hogs gave stren&th| pApTIMORE, July 27 (Speclal).— demand. 3on’ cevies 3811, (rance - B8 2 % | Unton Pacificpf... 65 .65 6 6 Live_poultry—Roosters, per Ib, 18; |0 provisions. pe All ringers, per 1b, |demand., 7.70%; cabies, 1??,.,‘_ Bel- 38% 28 38% | United Drug W% ST% r 1b., ‘hens, per Ib., 28; Keats, 5 0a35; white ghorns, 2 : ol 531, L Allis Chalmers.... st 32 81% 31%|United Fruit 104% 105 ,|7ouns. each, 60ats. 4n additional advance. The Wheat WAT | hens, 25a29: old roosters, 15. Ducks,| Gullders. demand Allis Chalmerspf. 73 78 7 . 7 |UnitedRylnv..... 8% 8% 8% 8% Dressed poultry—Fresh-killed SPFinR | with Septembo : " | per 1b:, 20s24; spring ducks, 2582817 9 A D r 1.27 to 1.27% and De- [P ir mark ca" Money in New YOI'k m Agr Chem. 36 % |United Retall Strs. 8% 86% 85 8% BOI‘Id BI.I in Features the :zt!ek per 1b., 36a38; hens, per l&; cember 1.28% to 1.29. Pigeons, per pair, 35a40. e 20! USFood Prod.... 1'% 1% 1% 1% ying 30: roosiers, per Ib. 22 turkeys, Later the urgent need of rain in lowa,| Eggs (loss off)—Native and nearby | 20.3 4 1-2 Per Cent—Suppl 33 U S Tndus Alcohol. 61 6% 6% 1% £ 5 : keats, young, each, 60u75. Indiana and other important states had :firsts, per doz., 32; southern, 30. tine, -2 Per Cent—Supply U 8 Realty. 4% % & Session—Steel Steady. Pork—Dressed, small, per Ib, 16.|2 bullish influence. Corn prices closed | pytter—Creamery. fancy, per 1b.|11.25. USBer e a0 Live stock—Calvas, ‘aholos, por 1b.. | tomeciied 3 to 1 net higher, "with 8cb 43asi: prints, 44846; nearby creamery Montreal, 11 per cent discount. Gov- e— if 10; o 0all; tive z 39a40: ladles, 30; rolls, per lb., 27a|ernment and raiiroad bonds, steady. Large—Notes. U S Stast of. 100% 109% United Drug Weak. 10: lambs, cholce, per Ih., 10ail; live) Hih, tow. Cloe. | 33 0ty printh. 27atb process’ but: | TIme louns steady sixty days, ninety BY L A. FLE: = Utah Securitie: 9% 0% . L2 12 127 lier 3oads, ays, and six mo 6 per cent. . A MING. AmHide & Leapf. s 824 81 Vanadium Cor, - BY STUART P. WEST. (Sfsen trulte—Apples, per bDL, 3.0 130 M zeid I e B L e e As predicted in this column, Sccretary [ Am International.’ 84% 34% 28Y% 28! NEW YORK, Jaly f®—The bond]iupe: Western, per oox. 3. ad. 1% “oap e | o amen e 27 . H 4 = 4 % R y extras, 41; standards, $8%: Mellon has departed from the regular | AT Linseed. . ug S 8% | market today e tia tho most ln; | Coltornts mens B O e W% W% 615 first, 35%a40; seconds, 30a3et PARIS BOURSE FIRM. , memi-monthly offering of Treasury cer-|\mygeamorive ) g w% 8 2 g |teresting point in the situation, as it | BL&Pefrult, per crate, 6.00a8.00; peaches, 2ot aan any o Nees Unchauged: eeceinte. 38101 PARIS July 29 - "PHces ware it tificates and has announced two 1Ssues Am Radiator...... 63% 6% 63% 10 10 |has been for the last week. There .‘,’f,:,,‘_';,}:',fif'fl:;g‘:;flg"p‘:"‘r T er:. b B e A W YORE. July. 27.—Butter—|rentes. 50 francs 35 ‘oentimes; ou- to be dated August 1, to an aggregate|Am SafetyRasor.. 4 & 4 1 Western Pacific..... 2% UG u% were some significant features in the |50; cantaloupes, 2.00a4.00. ' spring patents, 8 50a8 25: sort winter |Firmer; receipts, 15.719 tubs; cream- |change on Londor, 46 francs 23 cen. of about $300,000,000, one maturing in|Am Ship & Com... 74 7% T JU Teathovse B & M. 434 @3 44 @%]irading In stocks, but the stock mar-| Vegetables—Potatoen. new, No. L |SUBIEN(S. €00a6.50: hard winter(oTy. higher 'than extras, 43a43%: | limes: © per cent loan 82 francs ' six months and bearing 5% per cent in- | AT Smelting. ... 3% " 22 | white Ol B I ot "was ault and of far |per barrel 3.50a4 15: Inttuce. nearby, per | SUrAIERLs, 7.00a7.75. Other articles un- |creamery extras (92 soore), 42a4Ziat| 730, he dollar was quothd at Am Smelting pf... 2 2 12 ite Ol - 8% 9 B9 i changed. creamery, firsts (8§ to 91 score), 37a i trancs 911: centimes. test, and the other with one year's ma-| Am Steel Fdy. 26% 26% 2% 2% | Willys-Overland.. 7% 7% 6% 7, [less consequence than the bond mar- | Srate, ;5%‘355-0,““" York lettuce, pe. 2 1% packing stock, current make, turity, at 5% per cent rate. T LT e @ o4 | willse-ovidpr.L B @4 2 ok |ket. - $00 Romaine e 2 08a3.50; eyms COTTON MARKETS. No. 2. 21. ; = Bankers are confident that the sub-|Am Sugar pf. IR T g."“"!‘""'g‘"("- 5 s :“ =v. The advance in bonds was fairly [biings, per crate, 50a75; spinach, per|- NEW YORK, July 27.—With the ex-| Eggs—Firm; receipts, 25.046 cases. | % 0% isconsin Central 28% barrel, 3.0024.50; peas, nearby, per bar-|ception of u little steadiness around |Fresh-gathered, extra firsts, 37a39; Am Sumatra. Am Sumatra pf Am Tel & Teleg. 33a36; state. ) rby western| EQUITABLE CO-OPERATIVE BUILDING 2.00; onions, 1.50a2.00; cab- & -gathe: , firsts, 0a4.50 per barrel; cucumbers, |the opening,’ when first prices W"”'{":;::u?fvunir:d and eggplants, per crate, 3.00a3. 1 to 4 points higher, due to trade|hennery whites, firsts to extras, 44a| scriptions to these issues will be ample, certainly above the desired amount. Worthington Pmp 43% 43% 43% 43y |general, but the main interest cen- Tr 1 High, Low. Last, | lered in the railway and publie utility | bage, In many instances prices are ! 50a2 5 group. With the $300,000,000 certificate issue. | Am Tobacco. 122% cani o k - A nuary, o the Treasury, it is believed, will be in & [ Am Tobaceo (B). . 12/% Moo, now back to the high of last Jubuaty: {tomatoes: per box, 20z 50 corn. 15450 | buying. the cotton market was un- (54 do, browns extray A3adi do position to meet any demands that may | Am Woolen. . ] HOURLY SALES OF STOCKS. and In some Caoe nieh a8 the main pel - | ger pressure from liquidation this|Enthered browns and mixed colors.| ASSOCIATION be made upon it by the War Finance | Am Writing Prpf. 2 Mam.....18040 12M criterion for valuing investment se- —_ S o A firsts to extras, 34ad2; refrigerators, | Corporation In connection with the set-|Am Zinc & Lead... 8% 1pm... 2220 2zpm carities is the interest rate, there 18 GRAIN AND PROVISIONS. T T ALY et aatay | aate 34836, 1 Organised 1979 tlements with railroads under President|Anaconda........ 3% R ho reason why the advance should| BALTIMORE, July 27 (Special).—|gold down to 11 & the early tradini| Cheese —Steady: receipts, 7.910. ‘ Harding's plan. Asso Dry G 1st pf. 64 TSR pause at the high figures of 8iX|Ppotatoes, white, new, bbl, 1.50a4.00; soldrdown 10°11.20 fer Ocloberkor 10 | hoxes. State, whole milk, flats, fresh, 41st YEAR COMPLETED August 16 $130.000,000 certificates ma- | Aggo Ofl. T o DIVIDENDS DECLARED. months .ago. : o doa e i e GIORT 50~i!‘.e“: fander the Jpravionsaciose. oArA speclals, 21a21%; do. aversge yun, 200 {fl e S ture, and in addition, it is expectes at Certainly there is no comparison - -30. 3 .. 1 -50. - 5 by = % ; state, whole milk, twins, spe- % ez 322, $100.000.000 will be needed for current ; Atchison. - tock of pesertainly here i Mor “ease and | Beets, bunch, 2a3. Cabbage, head, § | P53, (ompated with S7.8 last month|cials, 21a21%; do.. uverage run, 20a G soperszd payment to railroads, under the revolv- | HEAAN R Bates Mfg. Co., . $6. ly 25 e geciine in Tates in the pres-|a1z. Carrots, bunch, 1ad. Celery, |duterioration for the period, while i |20 . Gratifying ing fund and other sections of the trans- | Atlanta Bir ol Fnel & 1o Co. Be. .. $3. £ ent money market and In that at thelgq veriod, while | pBoultry—Alivey, stealy: fowls, Atlantic Gult. . - Fuel & : 3. Ank. ozen, 75al.25. Corn, dozen, 10a35.|local trade paper reported quite fav- | % % . < portation act. already adjusted. Int. Harv's Co. pf. 75, Aug. 10 close of January. c by on . conditia atte s 29. Dressed poultry steady; 1 From Systematic Saving The remaining $50,000.000 plus the ) Atlantic Gulf pf... 19 L. of the e AT federal reserve ratio [Cucumbers, basket. 26a50. Egg [Qqably on conditions in Aississippl. | roosters, 20a25 i ! Treasury cash on hand, $200,000,000, it ‘}.:llznuc :etroleun :::2 L. of the W of some 45 per cent, a federal "‘, rv_e’ g‘-“fi“{ ‘nonnal?‘;}’ 1.00a1.25. Lettuce, rpa:' "m‘m‘h Louisiana during the (RN S T | -;u-Eke upmyourd mind to join was thought will care for current ex- win Loco..... Pepparell discount charge of 7 per cent and a sket, a5.00. Fitises o a a s VE OTATION i the Equitable and save system- sliminary withdrawals | Balto & Ohio. ...... 38% } eperell o ol eaper znd time|. Limd beans, basket, . 1.50a1.75. |, Futures . opened steady =October: BAR SILVER QUOTATIONS. atically. You will attain great- preliminary o & Pure 0l per cent commercial pap Onlons, 100 Ibs., 1.25a1.50. Peppers, | 12:03; December. January, 12.40:| NEW YORK. July 27—Bar siiver,'| er Tesuits than ever betore: penses and an: on account that the War Finance Cor- | Balto & Ohio pf poration might make if its powers are | Beth Steel (R). broadened by Congress, while at the | Beth Steel 8% pf. .- same time clearing the way for what|pyivn Rapid Tro financing the Treasury may have to do | gy il ponime ety should the corporation call for its total | gt 8 orn balance of nearly $400.000,000 to be used | Burns Bros. . a. ————— < PUBLIC UTILITIES money rate. Z basket, 30a35. Squash basket. 25a30, | March, 12.71: M 75 bid. domestic. 99% ; foreign, 61 ican cent reserve. qu: 3 % gn, 61%. Mex! ,“5“;:' ;’:,h:,'{.fi S e Cimd s time |, Tomatoes, basket. 4a100. 'Green. | LIVERPOOL, July 27—Cotton—Spot | dollars, 47%. sy ama Ccommercial paper market | 40850, Apples. bbl. 3.002650; bu.|quiet; prices casiér: good middling.| LONDON. fully adjusted to a 6 per cent basis. | L2082, 5. Blackberries, quart, 20a30.|875; fully middling, 8.35; middling. 4 . : Cantaioupes, basket. 1.00a1.25. Cur- (7.90: low middling, 7.00: good ordi- | PENCe per ounce; money. 3} per cent. Steady, But Dull rante, quart, 18320, Huckleberries, | hars. 5.85: ordinary. 5.10. Sales, 6000 | D Scount rates—Short "bills, 4% per The -stock market demonstrated|quart. 20a25. Damsons, Ib.. 75 :. including. 5,100 American. Re-|°¢nt: three-month billa. 43 per cent. Subscriptiens for the 8lst Issue of Stock July 27.—Bar silver, 39 in_making advances to railroads, Butte Copper 5. bales, In viswgor the August 1 issues it was | Caddo Oil. . quite as much as on any day so far 'P:lche:. c?olo, 2.00a4 Pineap- { *0 N0 17000 bales. no Americ et . held unlikely that another issue will |California Pckg. its ablility to stand db against un-{Ples. crate. ~°'3-°°-1 w '""'Plon!r!m,,,, closed quiet: July. 8.09 LIBERTY BOND CLOSING PRICES be forthcoming August 15, but a larger | California Petrol favorable trade. dows and against | ©2ch. ver car, 125.00a400.00. ber. 8.36: December, 8.47; Ja . YORE. " N eyt EQUITABLE BUILDING note issue is predicted for September 1. | Canadian Pacific. . 112% sporadic weakness in a few individ Selling Prices at Noon. 851: March. 8.62; May, 8.6 NE . July 27.—Liberty QU! Every outstanding issue of Treasury |Central Lesther .. 4% 3 stocks. Not only did prices resist in| Wheat—No. 1 red winter. 8poL.| NEW ORLEANS. Jul. 7N ges bonds closed: 3%s, 87 first 4s. 915 F St. N.W. certificates is selling at a slight pre- | Centra; Leath pf.. 69% 6% figh g‘; NEW YORK. July 27.—Public utili- [ the face of these tests, l;flé as ‘{‘flo‘e 1.41% per bushel; No. 2 red winter, “'"fng b pmierycida o,'flfl’ o bints | 57.50 bid: sccond 4s. §7.30; firat 4%s. <sudd 6% 6% they advanced. The Steel Corporation | spot.” 1.40%: No. 2 rea winter, gar-|favonf S (OTRER G [ o o mar- | . gevond 4%s, 87.50; third 4%s, |jj JOHN JoO¥ E::::;n;.fl-flnl mium, varying from one-sixteenth to s Ave-mixteentha in the daily bids, while | Gerro 08 Fusco. - the asking prices vary from one-eighth | GHaRC Gl > to one-quarter point. The highest price | § ':, Wentn, is bid for the 6s maturing in December | Chi Great Wes of this year. *hi Mt : ntinfactory to Shareholders. e Evidently the outcome of the ef-{cHi preu Tool. fort made by G. A. Garrett to acquire | Chi R I & Pacific the control of the Real Estate Title|Chi RI& P 6%pf Insurance Company on a bid of $90 a |C Aharefor 10,000 shares must have |ChiStPM&O.... 80 80 & been satisfactory to the stotckholders | Chile Copper-. in that corporation. Chino Copper. Probably many of the shareholders |Cluett Peabody did not know of the latent value, but|Coca-Cola. were familiar with the daily recard on | Colo Fuel. FRANK P. ty bonds came in for much more at-| [ SAURRCEC J e deal ab i 2 £ good deal above ex-|ijcky. spot, 1.31 tention today and were in fact onc|pectation, and this might have been al July wheat. ,"f“u' per bushel; Au- | ket today. but when October touched | 91.50; fourth 4%s. 5 7| of the most active quarters of the|superficial explanation for the|gust. 1.30%; September, none. 45 more support was encountered, 1 and there was a reaction to 11.60 fe strength in the stock. But actually | Sajes Bag lots of new wheat, as to! ox #% | narket. Interborough Rapld Transit|the report for the second quarter.|qualfty and conditions. at 115, 1.16,| October. at which level the most ac- | s were heavily dealt in and got up |having shown earnifigs going rapidly 11,17, 118 and 1.20 per bushei; one car | {iVe e sl down hill, and a deficit of $4571,000.10f No. 2 red winter, gariicky, at n_van; e‘:’one o! )fi:;' ay. Favorable after paying dividends, could not bé |13154,% cargoes on &rade. No. 3 red | Weather was reported for some of the onstrued as a plece of kood news. | winter, gurlicky, 130%: No. 3 red|solling while the demand came prin- The reason why Steel common and | winter, garlicky, ‘12313 cipally’ from traders who were work- | terborough president that the cut in|the other steels were strong today | winter,. garlicky, e Rty ;) was simply because they, in com-lwintef® garlicky, 1.12%. ot Fp ey L M e o P AR ith the general run of stocks, q 5 receiverahip. Third Avenue refunding |mon W e ge! O Corn—Cob, new, yellow. 3.85a3.90 e hola at 50, whereas their previous|have adjusted themselves to tradejper bbl.; for white. 15 to 20 per bbl. 40 1 st price for the year was 48. These | conditions and are looking ahead to|lower in carload lots; contract corn, | 32 ®% 2 3% irities have been pronounced by |better things. spot, 74; track corn, yellow, No. 3 | competent authorities as safe, even Some Free Selling. 0'013"05;_ dozmnht‘lm '521 NezatEs the stock exchange, “last sale, O e tmuthern.. 37% 3% 3% 3% |Guring the worst of the operatini| 1n the early part of the day there| Q3o —No 3 White 81 N0 & Sha t ana were pleased with an offer of 90.1Cglo & Southn 1st. 63 58 B 8 |dificulties of the traction company. | was further heavy selling: of the]quality, 1.00a1.25 per (e At fpidod Their satisfaction was probably in-|col'G, 7% B6% 67 [Lut now that operating costs are|(Central Leather stocks on the dis: stern export. spot, 1.28 per bushel; . creased by speedy information from|cg g 4% . 4% 4% |coming down they are still more se-| cinting report for the second Quar-|No. 3, no quotation. Vy i inside official sources that their hold- | cong Distributors. 7w T Th TW | cure. o isued yesterday. There were al- | Hay— Prices nominal, ings were “worth considerably OVeT |,y Gagof N Y. It is a question whether a reduction | s, professional atlacks upon Inter- "1 ‘straight rye, nominal s . 3 Straw- ; par and by the bil of 100 made tou | SON8GREOTE T Bl S e No. 2 straight rye. nominal: No. 1 2 tangled rye. | 6: victory 3xs. | sv 50 60 |well toward the high for the year 83 8% 32%iqpege tongs hav: now advanced points since the statement of the In- [ You Never Charge Off Depreciation on an Investment in First &6 A dollar saved is a dollar earned,” &% and the way to increase the value of an earned dollar is by putting it to work. ‘When i~vesting your savings, con- sider our Mortgage Loans. They offer no promises of boundiess 4% |in wages and fuel would mean suf-|,4tjonal Harvester. I'amous Players. 16% | ficient of a saving in the Third Ave-{and one or two other specialties. But|tangled rye. 15.50 Ihe ‘stock yes-erday. e W X Mr. Garrett's offer evidently uncov- |Cons Textil 154 o YW the resumption : aar]tanel 2 tangled rt ered this latent value E"';‘ P":“S:“' g,: ;ZL’: ::,‘: ;';:2 e neat on. the adjustment ¥ 'per {:?.‘5‘(",.,.;{‘: “g:v;m?‘:r::::r :'ndlntlll v\?hen'l,k?.z.'}mwg‘:?(-l ‘J;i‘:'z‘.‘é'o: -:3 H 0 ages wealth, but they do enable your money Are Not Interested. o ole Btesl 4 Bt biv 66y |cent bonds, unless at the same time | more violent collapse in United Drug|oat, no Qquotation. ; to work harder than ever without en- ‘rucible eeoes there was increase in fares. But these | (1uvey had the least effect upon thc | CHICAGO, July 27.—Fresh strength 'l'hey M Absolute dangering its safety. Absolute safety ¥. H. Smith & Co.. who were men-{ Q40 8 S gar. 16 16 i6% 16% | thers [ - s have attracted enough specula- . Thi ractical proof of , tiomed in this column yesterday as be- | Cuba Cane Sugar.. 10% 10% 10% 104 0270 (Siilities to explain their 2- | erat list, | Thig practiesl proof of | geveloped In the wheat market today. ing interested with a proposed new [CubaCaneSupf... 26 26 2% % |point advance today, which was made | ghort interest and a covering move- owing more or less to assertions that . iv ding. t in which became fairly gen-|the peak of lari ipts had b $2,000,000 trust company, say that they on very active tral ment set in whic peak of large receipts had been are not directly or indirectly inter- g:‘l‘n'.‘;‘};‘:f ... 1%, 1% / Keen Demand for Ralls. eral and in certain quarters assumed | passed. Besides, new export buying : blo urgency. Was noted. Opinion also prevailed ested in any such proposition. D Astong the ‘zalls the demsnd: was]cousiders: TThe ‘reports of the proposed trust |Elkhorn Coaipl -- o8 3% |very keen again for some of the United Drug Seft. that recent sales to Europe had becn 3 3 far in excess of the totals announced. more recent issues of 6% per cent Drug added another ©§ Opening quotations, which varied of principal—plus a yield of 7 per cent interest—adds a new value to your Safety, earn iateres % Let us show you how our First Mortgage Loans increase the value of _United your money. % company are just as persistent as 18% 18% 3% 13% ever, and the northeast corner of 15th | Erle. ceseces 183 bonds. Chicago & Northwestern 6%8|points to its loss of 8% points regis- d and 1 streets is just as persistently | Erie 1st pf. 20 20% 20 20, ol U CEigh, and so did the |fared on the opening transaction in g’,’{,’:‘,..',’t,.?"}_‘?:’-&“’m“x ;g;“:f;dwfil: and require no They are in convenient denomina- tions. oo H L. RUST--* 912~-15TST.N.W. « 4 M4 M 1% Ccanadian Northern 6%s. The latter ‘stock today, when it sold at 69. e ey reing Tthe gap with | e oe o aure It broke rapidly |cember. 1.363 to 127 were followed the Pennsylvania 61gs. Missourl, Kan-|¢o 651 and later took another tum- b*_ a mh-l:;ltledunt?rn all around. tives of the owner of this property. Fisk Rubber. % 2% 2% 12%|sas and Texas first 4 were Stronger{ple below 60. Yesterday the wide- M;::no" sh’n"r;' ;‘; :"";‘[- d’:?‘le Call Money 4 1-2 Per Cent. Freeport Te: 12% 12% | above 61. open smash in the stock was some. | (TS P8 o *' e cmdl‘;" today calk loaned in | Gaston William » Tt is understood that they are not to|what of a mystersy. but today there|SATUOE 4 Of €, P g MO oy i per cent, This | Gen Asphait. 524 | be disturbed in the reorganization, bat {were any number of explanations. The | JERIC /61 the, score New York city at 4l per cent. TS 13" | that holders are to be given the option | fuat of these was trat one of the{SIERL EROCTEl BOLE . Mentioned as the site chosen for lo- |Erie 2a pf.. seation. Famous Players. o . F. W. Smith & Co. are representa- [ Famous Players pf 125 % B B attention 1 Shannon & Luchs 713 14th Street PHONE MAIN—-6888 is an evidence of the plethora of funds | Gen Electric. R R S s ligse -y that Cats were steadied by the firmness i 0% y had been Main 2345 and assures the placing of the August | Gen Motor: 1 A c officers of the comp: 2 ol e cotenle.. 'The matlket opensd ain bonds of shorter maturity. If they do!forced to unload a large block of his| b Vol 4% ¢ "a “lower, -September. SRR | 1 Treasury certificates. Mot 6% deb... 66 65 (23 5 3 Interesting comment, apropos to the g‘f‘:u‘;nmab. not exercise this privilege they cdn|gtock in a hurry in order to meet present situation In the money |ijoodrich.... Sl { keep the present bonds as they are. cbligations at tke banks. Another ex- ®market is found in the current issue Granby Consol. Jumps Up a Point. rlanation was that lhe-ddh‘ldendc::ls : oti verse _action of the Commerce Monthly, issued by | Great Northern pf. 6% 70% 63% 70 On transactions of $33,000 Pennsyl- !‘:w«;dmggl‘“;g b;hf‘ge e toca when the' Natlonal Bamk of Commerce of|Great NorOre....' Z%s iTia imia smia|janis feneral g Sympsd, up 8 BRIy mec e miadie of noxt. month i cl B x 56. D was hel e e ot o Tavik of secogmition of | Haskell & Barke B e ey dialings in |1 ¢ar barty, which has had its guns EOsalied o o e O ae Gio the | Houaton ol trained on the stock for some timc. %the fact that for a long time the | RReISl Ch oy i credit shortage has been apparent b rather than real, and due in large part | indiahom to the unsatisfactory risks offered.!Inspiration There is now no bank credit available | Interboro Metro. for operations designed to hold prices | Interboro Met pt. « at fictious prices. Intl Agr Chem. “Orderly, organized marketing, if|intl Harvester. fair, succeeds. but attempts to hold | Intl Mer Marine. prices above the levels determined by | Intl Nickel. BETUSESTL T u Rock Island refunding 4s up another 6 9 | half point to 68. These bonds had sold 2% 3% 2% 2% |at 693 earlier in the vear and later 34 |reacted to 64. ¢ | The 36000000 Cincinnati Gap and 1% 12% 1% 12% | Electric 8 per cent gold notes, offered 733 | this _morning, were _oversubscribed. Likewise_the $3.000.000 Brooklyn Edison series D 7 per cent bonds, due 1940, were promptly taken. Life Insurance Company —has returned tb its policy- holders more money than it 2 H 3 & H a COMPARATIVE STATEMENT As of July 13th . —e e has received from them in international supply and demand are | Intl Paper. 5% 63 | "551'.',1"“—“;‘55?.‘332:.;35.':,’.'.; overnment | O B e SROE BARKEY premiums, a record unique i sines & | 3 2% 38 CHICAGO. July 27.—Cattle—Re- among Life Insurance com- i ASSETS 917 1918 $13,499.57 alike have kept clear of entangle- ment of this character, but. even so, 1. American business cannot avoid their g"“};f'sf,,s::%, Steers, 7.5078 direct effects. Valorization schemes |9, 8" wyeel..... 57 68 &7 67 |bulk 4502675 providing for indefinite holding of | Kelsey Tl . 19% | largel Kansas City Sou.. 26 6% 26 2% | ccipts, 8.000; beef steers. steady to 50% 0% BO% B0% | strong: top vearlings. 10.00; bulk fat ; fat she sfock steady, anners and cutters, bulls steady. bulk panies. It offers a thorough Edu- cational Course to its Repre- sentatives. 1921 $439,519.04 1920 $168,518.62 1919 $63,354.32 1 Cash................... $1,105.01° iti e % 19% 19% 23.75; . ‘:“Ellv{rifil:}i'gé‘;"c}s“ui?:s«‘k Vol e, 1% 1% ?393?’312.7{“”:&:&::3".‘;"J" Tecders Liberty Bonds. ... .. ovovs seveenese aniieeeece 3,250.00 5,250.00 5,250.00 ‘o 15 ‘ot Jevels Home Recelpts Accounts Receivable.. . ... 41,0724 257,209.21 305,353.68 1776,941.83 1,365,747.23 Hogs—Receipts, 14,000; mostly 15 8% 8 2840 25 -higher consumers of raw materials at levels | Laclede G likely to involve ultimate loss, and as | Lee Tire & 106,125.00 b than yesterday's av- Due from Bankers....... 10,065.48 The Guaranty Company of Maryland 1 as th lans template the |Lehigh Valley. 2% b1% &2 : bett dy tive; oth r 7 ,.?:fi..e..:.,cgfn‘;n artifcial price they | Liggitt & Myrs pf. 1004 1004 1004 1013 }Toté‘v’; b, $1.58 bille Better’ sraden. Furniture and Fixtures 383.53 1,461.58 1,313.86 3,527.22 cannot be 8] ded i ide - K .50a11.40; bul packing so 9.40a- 3 Sinnor B Glarawatied in comsiders N R BB, bl e o S|~ Money to Loan Interest Prepaid.. .... iieie weeseeeie. TB1634 705022 39,03L71 “Although occasional failure to se- um K UBK L Sheep—Recelpts, 13000 head; sheep | gsn o001 tateret, 1n Deferred Discounts...... 1,600.00 . e e Sener awe ki 58,233.20 ure desired credit has ed t e i t dy; . Al Siive the impreasion there In a shore: “n e Sk S| Westerns here; native Tamb - top o | Jogeoh T Weller Due on Stock Subscriptions SN L. 608700 87467.80 e st 5 % e R b iy Tt o % A T . early, '9.50; e8! n; Ve credit larger than present business WG 106K 1K 1004 | eariings, 5.00: four loads good Mon- . $44,135.78 $272,260.36 $382,648.20 $967,374.89 $2,106,429.16 ! demisnds. 0% I3 10% 1| tana wethers 650, with 1.00 out; bulk E. H. Ro“ms ns 3 Eseal Stecks; Slow. Midvale Steel ;e W4 3% g8y |TALewes 3.50a « Founded 1576 LIABILITIES e Not a single transaction in stocks|pinn & StL (... 12% L 124 124 ard Bld T R Py ‘was made on the local Stock Ex-|soKan& Tex.--. 2% 2% % 2% 416 Woodw, g 191 1920 1921 change. Bid and asked prices con- (MOUEN g mexpf. 4 4 4 4 “15 Y 99 15th and H Streets 1917 . 1918 9 {inued witn smail change: 100 was | Mo X2aaC" i o aw EARS Washingion 0. Collateral Trust Notes.... $20,000.00 $132,052.00 $150,000.00 $218,000.00 $646,600.00 { shares and the bid for Columbia Title acific pf- A ot the Toms of & winie Boston New York hiladelphia ' Contingent Reserve—Due was raised from the 4 of last week (ullins Body B 18 9 {| “Chicago Denver San Francisco customers only wh 0 5. Natl Acme. M% 1% k% Penny | 1 only when ac- ; A sale of, Washington Gus notes| Nan Cloak &S50 89 B 8 8] 1y cconmemion v sory of The Van Camp Packing counts receivable are €] e 2 and one - juit. ... " . Tomac Bectric xanoral that 8850 &0 | Natuda Copper.... 0% 10% 1o 1% || femiien to tavestors n our ; Company, Inc. (oL R R 77.39 27,7316 29,266.58 86,668.71 205,162.97 Ne' Pl 45 It ” . | NY Gantral-o i T e First Mortgage Notes First Mortgage 8% Gold Bonds Cash Capital Stock: - ¢ ; : iy U. S. STEEL PROFITS NYRHE e w1 1m | g el In amounts of 8250w to Due_April 1, 1941 Preferred 7%. 22,300.00 100,000.00 182,200.00 500,000.00 500,000.00 SHOW BIG DECLINE NY%‘:;;Y‘::" g“ il :}% :}“ We Iook after .n;denn. and_furnish Pr ?’jm?;o" t, Preferred 8%. BT R R T TS S ARBENERY e 500,000.00 - ! & i NEW ¥ » North A e, 70 10w 1% 0% || Soictuiers sste form of imvestment. | to yield, o Gommon ........... ...oqeens 1,250.00 2,072.00 23,000.00 83,000.00 s for toe iy aoBe et | OEiahoma Frod... L6 8 I¢ % Chds. D. Sager Profits ............... 155839 1118520 19,109.62 - 134,706.18 221,666.19 30" were $21,892.016, the smallest or’g:‘:g::','ifi'.c % 6 6 923 15th St. N.W. D ; any quarter since h. 199, just 36, prior o the war boom, when ey ’afill.‘:‘.fi“:fi‘é o e $44,13578 $272,260.36 $382,648.20 $967,374.89 $2,106,429.16 Regular dividends of 1 Pan-Am Pete (B). 43% 4% &% : the ‘common were “Heciared but to Penneylvania. - 3 e 3 OFFICERS et t! quirement. f th enn 5 Sividend, on which only 35 cents was | PeopleGas. ... 2 84 5 THOS. A. MARSHALL. President. earned. it was necessary to draw from | Pere Marquette... 20% 21 204 HECTOR J. CIOTTI. Asst. Treas. i MARSHALL M™<STON, Asst. Treas. the corporation’s huge undivided sur- | Phila Company... 30% 31 M R. GOLDEN DONALDSON, :Chairman of Board. plus. Phillips Petroleum 17 1% 17 S e e Arrow ot e usine; ws ea 3 . 8- ;‘{nn 31,‘;:3:.:3231-‘ April, $7.731,649 1n S::nmeou. - % % * » DIRECTORS < — At g s A o ——— e Ll s SR L SR R T B 5% F Ry C. PREVOST BOYCE J0S. J. HOCK G. PITTS RALEIGH to x;rse.zfg.,sno;.v:g:‘;ns‘zr hf"'",'f“'“' m Pullman Co....... 9% I X It’s .an ill wind that blows R. GOLDEN DONALDSON HOWARD W. JACKSON J. FRED SHAFER e . This item w 2 ru have shown more drastic re.,.,g‘éi“ol,, e e . &Co n‘obody g:od. lzenauo;, 1:0:1 Mren s ‘éogfifslg ;'ug's KAmgARSHALL g;h‘ws&ixmuon ut for the fact that charges and al-| Rajlway St1Spr... 8% 7 5 u,mgn o |l | |-all its hurt, has - checke ‘B s e lowances for depreciati ch H 7 , , PAUL HEINE JOHN L. WHITBHURST :h:vmller ‘than In_ the first quarter of 2:3‘::’;1.8.?‘:?.‘.‘ '..lgh lzv. 0, Brosa birser Now Yo 0§ spcculationsandits glanecing i EPOSITORI e year. i 5 T n Eibert H. Gary issued | R$mington Type. 3: Mem £ All prices to the consumer, .‘“d g D! SITORIES mtatement after the meeting of the di- 1% bers of ‘Al 4 so benefits everybody. ‘We ATLANTIC TRUST COMPANY COMMERCIAL NATIONAL BANK are . getting on. a sounder - BALTIMORE COMMERCIAL BANK MT. VERNON SAVINGS BANK rectors, in which he stated that the H Dusi Its for th o 6% Leading Exchanges : . ROt surprising to any one familiar | StLouls Southwn. H( 2 % S e financial ‘basis every day, and™ . CITIZENS NATIONAL BANK sttt with general conditions. Bears Rosbuck, s : ERCC pion. 8 ou can’hielp-by conservative | “ DROVERS & MECHANICS NATIONAL BANK - ' s —— ;‘;: ;g;: strictly kcom;ms;non basis, 24 s EQUITABLE TRUST COMPANY . FRANKLIN NATIO! I .. in stocks, bonds, cotton, investment. INAL BANK ' TRADE NOTES. Sounera Pacids.: 1w m e " grain, sugar, coffee, cotton- i . ST L L S i Philadelphia Tt is reported that practically the 2 seed oil and provisions. -You. can’ bring prosperity.a entire Japanese railroad system of | Southern Ry pf... 454 5% i d at th Baltimore $.000 miles is to be rebuilt, at a cost | S0 Porto Rico Sug. 40 © Orders also accepted on little nearer and at the same PATAPSCO NATIONAL BANK EQUITABLE TRUST COMPANY of about $200,000.000. The ilrosds | Standard Milling.. . 98 9 give-up “basis to any mem- time secure an absolutely safe it: New Yark City are to be made standard gauge. In[StandOilofNJ... 1% 136 ber of an exchange of investment by putting. your Ellicott City b addition, Japan is purchasing a large{Stand O NJ pf... 07% 107% 107% which we are members. fl . Z quantity of electrical equipment. Steel :.'lk‘ube »f.. 11:’!: ;r::: 'n;. surplus funds in dur 7% First e e R — "y Studebaker-.. 6! ; 4 2 Feru for the purpose of making col- |SupeTiorOll. - A% &% st In amounts of $250 and up. Stein Bros. & Boyce, Bankers, Baltimore Collateral Trust Notes BN aiie een moked ToconnueT” Tozas& Fucife [ B um ' e : ’ Tecently. - kit Texas & PC&OIl. 19% 134 13k > 3 Argentina's imporia from Germany |Thied Avenve:+-: I 184 1 B. F. SAUL CO. > are increasing steadily. The goods 126 125 126 3 ates are manu- n! ! p o v 934:N. ¥.-Ave. N.W. ! | C. PREVOST BOYCE, Vice-Pres. - FRED. H. GOTTLIEB, Secy. factures of iron and steel, hardware | Transus {lms.. and paper. Imports from the United S e ;:: States are decreesing.