Evening Star Newspaper, August 2, 1921, Page 22

HIGH-GRADE RAILS FEATURE MARKET Trading on the stock exchange to- day wi which was caused by fsulty insula- of wires in the stock exchange by which the trades are dispatched to the tickers. The exchange met at 10 but immedintely adjourned to 11 then readjourned to 1 p.m., when ing was begun. BY STUART P. WEST. NEW YORK, August 2. —When trading was resumed for a two- hour session on the stock ex- change today, after a delay until 1 o'clock because of a fire which caused more inconvenience than it did dam- age, the market showed a generally firm tone, which later developed into some irregularity. The high-grade ralls, especially the shares of the Hill roads, were strong. Northern Pacific selling up to a new high for the momth. The steels also. led by Bethlehem Steel B. maintained the gains of yesterday and in some cases improved on them. There was no reason to believe that anything else thas the technical posi- tion was responsible, the trade situa- tion remaining as uncertain and con- fused as heretofore, which uncertain- ty and confusion apparently are shared Tty the speculative community. Motor stocks were soft and gas stocks strong. Call money renewed at 5 per cent, the rate later rising to 5%. Hide and Leather Profits. The second quarter report of the American Hide and Leather Company, covering operations for the three months ended June 30, were about as antici- pated. Surplus after charges and taxes amounted to $251,644, equal to $2 a share on the 125,483 shares of preferred stock, compared with a deficit oi over $1,000,- 000 in the first quarter of 1921 and a deficit of approximately §800,000 in the corresponding period last ¥ r the half year the deficit was $958,738 after taxes and charges, compared with a deficit of § 563 In the first six months last year. The change in the hide and leather position is due to the turn for the better in the industry. Latest reports {rom the Lee Rubber Company are that the company is operating at 100 per cent capacity, turning out 2,000 tires a day and is considerably behind on its orders. For the first half-year earnings, after all charges and taxes, were approximate- 1y $250,000, or $1.66 a share on_the 150,000 shares of no-par stock. It is fully expected that, even should a slump come in the fall, the earn- ings will-exceed last year's profits of $326,638, or $2.18 a share, and at least equal the record showing of 1913, when net profits were $471,806. Middle States Ol Pl The Middle States Oil plan of increas- fng the iaterest in the new 8 per cent T'nited Oil Producers’ Corporation first lien bonds which it is offering to its stockholders and also the holders of Imperial Ofl stock with any ad- vance in the selling price of ofl, is a novel one, to say the least. The 8 per interest on the bonds is guaranteed by both of these companies with oil selling at 888-9 cents a barrel, but should the price of oil climb the in- terest also climbs. In the circular sent out, it is stated that if Mid-Continent Oil sells at $1 a barrel the Interest on the bonds will be 9 per cent and so on until oil sells at $2.25 a barrel. At this figure the interest rate on the bonds would be 20% per cent. The United Oil Pro- ducers Corporation has a settled pro- duction of 8,000 barrels daily. Cotton futures opened wjth some decline after the sharp advance fol- lowing the publication yesterday of the government report, which was so sensationally bullish. Of course, the important question remains unan- answered as yet: What will be the effect on the mills? Spot markets were influenced to-some extent at once, and, it naturally would be sup- posed that the prospect of rising prices would have the usual result on impending buyers. All this is a matter for the future. Meanwhile the outlook, commercially and finan- clally, in-the hard-pressed south is at least not any worse. The situation abroad with regard to cotton is the same as that in grain, sugar and other commodities. Needs must be cut down to the measurs of ability to pay. More important still s the forelgn ex- change factor. As the managing director of the War Finance Corporation points out, fluctuations in exchange during the past year were greater than the present fluctuations in cotton. It seems safer to the forelgner to take a chance on cotton prices rather than on exchange. Study of the June railroad reports show a curiously spotted situation. Prog- | N Tess has not been 8o uniformly favorable as in May. Probable deductions are of little value until the effect of the wage cuts are shown in the July returns. And, underlying everything, there remains the industrial depression. While the railroad situation is distinctly better than a few months ago, unrestrained optimism is not yet in order. Washington Stock Exchange. SALES. 7o ashington Gas 5e—$1,000 at 761, $1.000 at .lx“{:p Realty 5s (long)—$1.000 at 88, $500 Washington Gas Light—4 at 24,2 at 2%, 119, Mergenthaler Linotype—8 at AFTER CALL. 55—$1.000 at 55—$1,000 at 8715 76, $1,000 at omac_ Elect $1.000 at 94. $1,000 at 94. Money—Call loan, 528 per cent. Bid and Asked Prices BONDS PUBLIC UTILITY. Anacostia and Potomac guar. 53. ©. and P. Telephone 58 : Capital Traction R. R. b City avd Suburban Bs... Metropolitan R. R. Potomac Eleetric Li Washington Ges 5s. Washington Gas 7% Washington Rwy. and Elec. 4a. . Wash. Fwy. and Blec. G- M. 8a. MISCELLANEOUS. fllts Realty 58 (long)... . 88 Wasbington Market 5s (1927)... 75 Washington Market 5s (1947)... 72 STOCKS PUBLIC UTILITY. American Tel. and Telg: 108 Capital Traction * sey ‘Washington Gas 4 Norfolk_and Was L Wash. Rwy. and lec. com. 25 30 ‘Wash. Rwy. and Elec. pfd. o5 0 NATIONAL BA! TRUST COMPANY. American Security and Trust.. Continental Trust . National Savin, Beventh Street Tnion Savings Arlington Corcoran. American_. National Union. TTT] Columbia Title .. Real Estate Title ra . C. Paper Merchants’ Transfer a: Mergenthaler Linof ©ld “Duteh Market - com. Becurity Storage Washiogion Mar ._ Allied Chemical... 86% Allis Chalmers. elayed three hours by a fire | Am Am Hide & Lea pf. 5% Am International. 33% Am Locomotive... 8 Am Safety Rasor.. 4% Am Ship & Com... 1 Am Smelting. Am Sumatra...... 4% AmTel & Teleg. .. 106% Am Tobacco pf (n) %% Am Woolen....... 72 Am Woolen pf.... 97% Am Writing Prpf. 23 Anaconda. .. 3 Assets Reals: 1% Atchison. L Atlantic Cs ne.. 86% Atlantic Gulf..... Atlantic Gulf pt Baldwin Loco. Balto & Ohio. Balto & Ohio pf... Bl% Barnsdall (B).. Beth Steel. . ; Beth Steel (B).... Bi% Beth Steel 8% pf Bklyn Rap Tr ct Y Bklyn Union Gas.. 68 Burns Bros. . Butterick...... California Pckg Canadian Pacific. . 118% Central Leather. .. 34 Cerro de Pusco. 26% Chandler Moto 4% Ches & Ohlo. Chi Gr W Chi Great W pt. Chi Mil & 8tP..... 28 ChiMil&StPpf.. 4 Chi & Northwn.... 6% Chi & Northwn pf. 101 Chi RI & Pacific.. 33% ChiRI&P 6% pf.. 64% ChiRI&P 1% pL.. 76 Chile Copper . 10% Coca-Cola. Cons Intl Cal Min. 4% Cons Textlle . 16% Corn Products. 684 Cosden & Co 8% Crucible St 56% Cuban-Am Sugar.. 17% Cuba Cane Sugar.. 11 Denv & RloG pf... 1% Endicott-Johnson. 61 Erle.. Erle 18t pf. 20% @ 8 10% 5% Gen Cigar deb 86 Gen Electric - 120% Gen Motors. . 10% i300drich. .. -8 Goodrich pf. ... Great Northern pf. 74% Haskell & Barker. 56% Houston Oil. Interboro Metro... 4 Intl Harvester.... 7% Intl Truck 1st pf.. 69 Kansas City Sou.. 2% Kansas C Scu pf... 49% Kelly-Spring Tire. &% Kennecott. . . 19% Keystone Tire. 18% Laclede Gas. . o Lackawanna Steel 39% Lake Erie & W pf. 238 Lehigh Valley. 53 Liggitt & Myrs pf. 100% Loews Inc.... Lorillard. . Lorillard pf. Louis & Nash. Midvale Steel. Minn StP &S S Mo Pacific. Mo Pacific pf. Natl Condult NatlLead. .. atiRysof M2d.. 3% OrTex&M.. 5% Norfolk & Westrn. Northern Pacific. . Orpheum Circuit. . Philli] Phillips Petroleum Pitts & W Va Pressed Steel Car. Pullman Co....cco Punta Alegre Sug. Pure Of] Reading 3 Remington Type.. 20 Rep Iron & Steel.. 4T% Rep Motor Truck.. 11% u% % 30% 36% 32 0% = 126% 19 =% 0% —— e OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. Anglo-American 0il Co. (new) Atiantlc Refining Co. Borne-S8crymser Co. Buckeye Pipe Line Co. Cheseborough Manufacturing Continental 0il Co. Crescent Pipe Line Co Cumberiand Pipe Li) Eureka Pipe ine Galena-Signal Ofl Galena-Signal Oil Co. pfd Pennsylvania- Prairie Oil and Gas Co. Prairle Pipe Line Co 187 Bolar Refining Co... 330 Southern Pipe Line Co. 7 South Penn 0il Co. 180 £ 530 385 165 318 Standard Ofl Co. Ohlo........... 380 Bwan & Finch C 30 Union Tank 85 Vacuum Oil Co. 265 ‘Washington Oil £ —_— FOREIGN BONDS. Direct to The Star Office. Opes. High. Low. Closs. 5% 0% 61 Royal Dutch. 0% StL & Sar Fra; % %5 B % StL&San¥Frpf... 37 & N 8 St Louis Southwn. 1% 2% 1% (21% 3% 3% 3% % Sears Roebuck.... 6% 65% 65 65 Seneca Copper.... 1T 17% 1% 17 Sinclair Oil. 0% 0% 0% % Sloss-Sheflleld. B% W% B W% Southern Pacific.. 9% 79% ® 1 Southern Rallway. 205 20% 20% 20% Standard Oil of Cal. 7% W% % T4% Stand OINJ pf... 107% 107% 106% 106% Studebaker T T 8% ToR Submarine Boat... 4% (% 4% 4% Texas Company... 36% 371 % ¥ Texas & Pacific... 26 26% 36 26% Texas & PC&Ol. 19% 2% 19% 20 Prod 8% % % 19 122% 57 58% Wheeling&LE.. 9 ‘Wheeling & LE pf. 17 White Ofl..... 8% 6% Willys-Qverland. . Willys-Ovid pf.... 20 Wisconsin Central 28% Wright Aero. 9 BONDS ARE STEADY, WITHOUT FEATURE NEW YORK, August 2—The brev- ity of the irading in the bond mar- ket today was paralleled by a steadi. ress which lacked any features. There was no appreciable change in the list during the short session, but, on the other hand, the gains which have chiracterized the prezent mcve- ment were not disturbed materially. Libertys were fairly active, with only slight advances in some members of the group. Among the foreign gov- ernments Chinese 5s were up a point to 47%. Likewis: Jaranese 4s ad- vanced a half point, reaching 70%. City of Berne 8s, Norway 8s and Unit- ed Kingdom 548 of 1937, all showed slight advances as against yester- day's closing prices. There were numerous increases in the railway section. San Francisco adjust- ments were strong up to yesterday's high. New highs for the year occurred in Baltimore and Ohio prior lien 3%s, which gained a half point to 87, and in the Kansas City SBouthern 5s, which went up a quarter to 77 %. Further N. P. Advances. Further advances were made in North- ern Pacific 6s at 101, Great Western 4s at 53, a rise of %, and finally in San Francisco Incomes, which, although they declined a fraction shortly after the opening, ultimately continued their in- crease, reaching 59. Union Pacific re- funding 4s at 78% and St. Paul 4s of 1925 at 76 each showed % of a point rise. Big four 6s were up, getting to 901 late in the afternoon. Inter- borough Rapid Transit 5s reacted further, going down to 55. Industrials were changed very lit- tle. In fact, the dealings were slight, as compared with other parts of the st. ‘The syndicate offering the $6,000,000 issue of the Southern California Edi- son Company 6 per cent gold bonds reported late in the afternoon that the bonds had all been practically sold. The subscription books on the $25,000,000 Swift & Co. 7 per cent ten- year notes were closed after the trad- ing yesterday afternoon, the offering having been taken readily. % % 200 950 840 360 80 82 Co. 160 180 106 107 26 28 115 120 T 80 a2 34 . 90 94 150 131 8 23% 145 S 430 180 Zanabzf Ed s3zaBiad Quotations furnished by W. B. Hibbs & Co. Prices at noons Al El. Ges. 4%s Mein’ger Bank 4s 14 Nord. L. Bank 4s 14 . Vienna 4s. 16; 15¢ 322 notes 1635 43 Italian Sa........ Belgian Best. bs. 70 Belglan Prem. 5s. T4 FOREJIGN EXCHANGE. Selling checkg—Dollar values g Pudapest London 3.58 s e A Stockholm . Amsterdam ... Belgrade 20.40 30,58 2.28 t noon today: % i5 | uniopist party now in power, today —_— RUSSIAN SOVIET AGENT FACES OVER DOZEN SUITS Arrested in New York on Charge of Unlawfully Appropriating $136,000. NEW YORK, August 2.—More than a dozen civil suits as well as a crimi- nal prosecution face. Jacques Roberto Cfbrario, who was arrested last night on a charge of unlawfully ap- propriating $136,000 belonging to the Russian soviet government, for which he was an accredited purchasing agent. Cibrario was released in $10,- 000 bond for arraignment Thursday. Miss Rose Weiss, attorney repre- senting the Russian government, who swore to the warrant for Cibrario’s arrest, told Judge Talley, before whom bail was arranged, that about $800,000 of a million-dollar fund credited to Cibrario by the Russlan government has been withdrawn without any ade- quate return being made to the Rus- sian government for the money. Cibrario’s commission from the bol- seviki was the purchase of motion picture projecting machines and raw film. He is alleged to have formed a number of fraudulent corporations and to have sold to himself antiquated projectors, appropriating the differ- ence between their cost and the cost of modern projectors. In his pur- chases of fllm he is alleged to have urchased at rates far above the mar- et and to have collected a rebate through aerrangement with the film sellers. TRADES ACCEPT CUT. Ten Per Cent Decrease on Balti- more Building Projects. BALTIMORE, Md, August 2—The cut of approximately 10 per cent in the wage scale of the members of those organizations belonging to the Building Trades Council was accept- ed by the committee representing the Master Builders' Assoclation, at a long conference between the committee of contractors and the committee repre- senting the labor organizations. After the conference members of both committees said that it was en- tirely satisfactory to both sides, that the reduction in rates of pay was en- tirely voluntary on the part of the labor organizations, and that there had been the closest co-operation be- tween the builders and the workers. ! The electriclans have made the big- gest cut of all The came down volun- tarily from $1.25 to $1.12% an_hour some time ago, and now they have come down to $1. The carpenters, who had been holding out with the brick- layers, agreed to cut their wages from 90 cents to 80 cents an hour. UNIONIST LEADER QuITS. E. Mont Reily’s Address Offends Antonio B. Barcelo. SAN JUAN. Porto Rico, August 1.— Antonio R. Barcelo, president of the submitted his resignation from that position as a result of crisis in the party, following the inaugural ad- dress last Saturday of E. Mont Relly, American governor of Porto Rico, in which he advised against the move- ment for independence of the fsland and urged adyocacy of statehood. Mr. Barcelo asserted that although the unionists have ap independence plank in their platform as the ulti- roate ideal, it was put there only after the party believed that statehood was impossible. He declared the party ‘was pro-American and that it was the best medium through which to con- tr?x!hthe lllldeipet:del’lfia hlllll‘)dvemellt. e unjonists will hold & Derty sembly within the next thras Woeks decide on a definite position, when a vote of confidefice In President Bar- celo is predicted, : 3 GRAIN AND PROVISIONS. BALTIMORE, August 2 (Special). —Potatoes, new, white, per 100 1bs. 1.00; bbl., 1.50a4.25; sweets, new, bbl beans, bu., 75al.55; beets, bunch, 2a3; cabbage, head, 7al4; car- rots, bunch, 3a3; celery, doz., 4081.00. Corn, doz., 10a30; cucumbers, bas- ket, 26a35; e, lants, basket, 1.00a 1.25; lettuce, basket, 3.5024.00; lima beans, basket, 1.60a1.75; onions, per 100 1bs., 1.25a21.50; basket, 20226; squash, bas! T bbl., ): apples. 3 £ centa- basket, 75a1.10; crate, 1.00a currants, qt., 18a20; damsons, huckleberrfes, qt., 20a2! crate, 2.00a4.00; pineapple 5.0028.00; watermelons, each, car 125.00a400.00. Selling Prices at Noon: ‘Wheat—No. 1 red winter, spot, 1.38% per bushel; No. 2 red winter, spot, 137%; No. 2 red winter, garlicky, spot, August wheat, 1.29 per bushel; Sep- tember, no bi BSales—Bag 16ts of new wheat, as to quality and condition, 1.05, 1.10, 1.12, 1.15, 1.16 and 1.18 per bushel; No. 2 hard -winter, spot, 1.39% and 1.40%; No. 2 mixed, spot, 1.34 and 1.35; car- , No. 2 red winter, gar- 1.28; No. 3 red winter, garlicky, .21; No. 4 red winter garlicky, ; No. 5 red winter, garlicky, 1.09. Sales—Car lot of No. 2 red winter, garlicky, spot, 1.29; four cars of No. 2 red winter, spot, 1.38. Corn—Cob, new, yellow, 3.90 per bbl.; for white, 15 to 20 per bbl. lower in carload lots; contract corn, spot, 703 ; track corn, yellow, No. 3 or bet- ter, domestic, 81. Oats—No. 2 white, 50; No. 3, 49%. Rye—Bag lots of nearby rye, as to quality, 1.00a1.25 per bu.; No. 2 west- ern export, spot, 1.26% per bu.; No. 3, no quotation. Hay—Arrivals of new hay, general- ly speaking, are not yet in condition to grade, 80 that all new hay is being sold sttictly on its merits. Prevail- ing quotations today range from 19.00 to 20.00 per ton for all timothy hay Straw—No. 1 straight rye, nomina No. 2 straight rye, nominal; No. 1 ;:nfi%}!fl rye, 15.50; No. 2 tangled rye, loupes, 2.00 15; | 14.50 to . nominal, No. 2 oat, no quotation. 12.00; 15.00; CHICAGO, IIl, August 2—Fresh strength developed in the wheat mar- ket today. Scantiness of rural offer- ings appeared to be largely responsi- ble. Besides, talk was current that liberal export buying would be naj- ural after . two days' interruption. Opening prices, which varied from un- changed figures to % higher, with September 1.24% to 125 and De- cember 1.27% to 1.28, were followed by & material upturn all around. Rains put the corn market on the down grade. After opening % to 1% lower, including September, at 58% to 59%, prices showed but little power to rally. 4 Oats were depressed by the blg vis)-| ble supply, starting unchanged to % cent down, September 38 to 38%, and} then undergoing & general sag. ] | dy; receipts, 76 cars: Potatoes—Steady s ety Kaw Valley, earl 0 cwt.; Nebraska, ? " i Jersey cobblers, bul o 1daho 50 barrel. : T bblers, quoted: Virginia cob Bl oot NEW YORK, August articles unchanged. FAIR DEGREE OF ACTIVITY . IN LOCAL STOCK MARKET Washington Gas, Riggs Realty and |‘ Mergenthaler Figure in Sales. There was a fair degree of mid-] summer activity in_trading on the Washington Stock Exchange today. Two thousand dollars of Washington Gas 58 in two lots sold at 76% and two lo of $1.000 and $500 Riggs Realty loan 5s sold at 88. Four shares of Washington Gas went at 42%, and two shares at 42%. Six shares of Merganthaler sold at 119%. At‘fer call $1,000 Capital Traction 58 sold at 87%. $2,000 Washington Ges 58 in two lots brought 76, and $3.000 Potomac Electrict, debenture’6s sold | in three equal lots at 94. COTTON PRODUCTION LESS Schedule by séatea Shows Big Drop “in Each. While this year's cotton crop, fore- cast by the Department of Agricul- ture at 8,203,000 equivalent 500-pound bales, is only about 61 per cent of what last year’s crop was, Oklahoma's production will not be 50 per cent of last year's, and Texas and South Carolina will have crops only a little more than one-half of last year's. This year's production forecast from conditions on July 25, and last year's crop. by states, follow: Ala- bama, 443,000 bales this year and 662,987 last year; Arizona, 50,000 and 102,7656; Arkansas, 798,000 and 1,209,.- 340; California, 40,000 and 74.666: Florida, 14,000 and '17,906; Georgia, 1,088,000 and 1414652 Louisiana, 279,000 and 886,770; Mississippl. 727.- 000 and 892,602; Missouri, 49.000 and | 76,828; North Carolina, 604,000 and 912,197; Oklahoma, 566,000 and 1,321.- 175: South Carolina, 857,000 and 1,010,471; Tennessee 224,000 and 323.- 980; Texas, 2.443,000 and 4.326.370; Virginia, 15,000 and 20,296, and_all other states, 6,000 and 12,616. Pro- duction in Lower California (Mexico) this year, not included in_the United States total, is forecast at 33,000 bales. —_— MONEY AND EXCHANGE. NEW YORK, August 2.—Primej mercantile paper, 6aé%. Exchange frregular; sterling 60-day bills and commercial 60-day bills on banks, 3.52%; commercial 60-day bills, 3.52; | ! demzr". 3.56%; cables, 3.56%. Francs. i d, 7.63%; cables 7.64. Belgian =, demand, 7.35 cables, 7.36. Lire. demand. 4.23% Marks. demand, 1.21%; cables, 1.22.] Greece, demand, 5.43; Sweden, de- mand, 20.33; Norway, demand, 12.65; Argentine demand. 29.25; Brazillan, demand, 12.25. Montreal, 10 11-16 per cent dis- count. Government bonds steady; | railroad bonds firm. H Time loans steady; 60 days, 90 days, 6 months, 5%aé per cent. —_— PRAISE FOR OBREGON. AUSTIN, Tex, August 2—A house concurrent resolution by Representa- tive Pool of El Paso congratulating the present government of Mexico on; its achievements and urging early recognition by the United States gov- ernment of the Mexican republic was adopted in the senate yesterday. The resolution has passed the house. When the investor izes the full measure of of securities which are The Nation’s 40; keats, young, each, | l: |t Years of Digcretion every time some one wins in the stock market some one else lases the the purchase of First Mortgage Notes. One of the most profitable lessons to be drawn from the depression of stock values is the desirability tion. First Mortgage Notes head this list. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. " Washington, D. C. Years Without Loss to an Investor \ NEW YORK STOCK EXCHANGE |Grain, Produce and Live Stoc Received by Private Wire Open. High. Low. Close. _% LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per ‘doz., 34: average receitps, 33. Live poultry—Roosters, per 1b., 18; turkeys, per Ib., 33a35; chickens, spring, per 1b,, 30a33; hens, per 1b., 26a28; s, young, each, 35a50. Dressed poultry—Fri chickens, pey 1b., 30a3l 28; roosters, per Ib., -killéa spring hens, per Ib., 22; turkeys, 38a , 60475. Pork—Dressed, small, per lb, 16. Live stock—Calves, choice, per 1b., 0; lambs, choice, per Ib., 9%810; live hogs, 11%. Green fruits—Apples, per bbl. 0.00; western, box, 3. California lemons, California oranges, toys, crockery, artificial rs. bleaching powder and miscellaneous articles. officer, Franz Rothe, served on a Ger- man submarine during the war. The, Deutschfeld brings a cargo of “15 YEARS” Investing many thousands of dollars for clients witliout the loss of a single Penny is a recommendation well worthy of mention to investors in our “First Mortgage Notes” GERMAN LINER IN PORT. BALTIMORE, August 2.—The first ship of the Hamburg-American Line to reach Baltimore since 1914 and the second to fly the German flag in this port since the war arrived yesterday. She is.the steamer Deutschfeld, Capt. Johannes Hoh, from Hamburg, by way of Philadelphia, manned by. thirty- nine officers and men. The second LOANS ON LIBERTY BONDS ERNST & ERNST AUDITS—SYSTEMS “XAX SERVICE Liberty Bond Exchange We look after all details and furnish + MUNSEY Buoc. 604 14th St. N.W. guaranteed titles with notes. The only absolutely safe form of investment. Chas. D. Sager Telephone, Main 8867 Room 915 Money to Loan .000—79% intereat, in of $1.000 to 33, 923 15th St. N.W. g:‘:vzf‘ral;le perlozate cf.nul‘oubelr‘?m . Secared b Arat dovd of rust oa realostate Losn Dept., M. 38, 2.50. 3 ,| Joseph I Weller &2 Wint L4 Vegetables—Potatoes. new., No. L.'| g — per barrel, 4.00a5.00; lettuce, nearby, per [ crate, 76a.35; New York lettuce, Det crate, 3.00a4.00; celery, per_ doz., 768 E U l T A B L E 100; 'Romaine lettuce, 2.00a2.60; ‘eym o ngs, per crate, 50a75; spinach, per 2 . barrel, 3.00a4.50; onions, 1.50a2.00; cab- Co-Operative Building bage, ' 3.50a4 00 per bbl; cucumbers, 1.00a1.50; eggplants, per crate, 3.0023.50; tomatoes, per box, 1.25a4.00; corn, 15a50 per dozen; beans, 2.50a3.00 per barrel. DAIRY MARKETS. BALTIMORE, Md., August 2.— Chickens, alive, springers, 28a34 per pound; white leghorns, 25a28: old hens, 25a29; old roosters, 16; ducks, 20a24; spring ducks, 25a28; pigeons, pair, 35a40. £ Eggs (l0ss off), native and nearby firsts, dozen, 33a31; southern, 32 Butter, creamery, fanoy, pound, 45a46; prints, 46a48; nearby creamery, 41a42; ladles, 3Ca32; rolls, 26a29; store packed, 27; process butter, 34a35. CHICAGO, August 2.—Butter high- er; creamery extras, 43; standard 40%* firsts, 37%a42; seconds, 33a36%. Eggs unchanged. Receipts, 10,237 cases. Poultry, alive, easy; fowls, 22a28; broilers, 25a31. “CHICAGO LIVE STOCK MARKET. CHICAGQ, August 2 (Furnished by United States bureau of markets).— Cattle—Receipts, 10,000 head; better grade beef steers steady, spots higher: top yearlings, 10.25; bulk beef steers, 7.00a9.25; butcher she stock, slow to 25 lower; bulk, 4.50a. ; fat yvearlings. cutters largely, 2.50a3.50; bulls, 25 lower; bulk, 4.50a5.75; fat yearlings, 6.00 up: veal calves, slow, lower; bulk, 9.0029.75; stockers and feeders, steady. Hogs—Receipts, 24,000 head; fairly active, strong to 10 higher than yes- terday's average, mostly 10 highe top, 11.65; early for part load; practi- cal top, 11.60; bulk light and light butchers, 11.25a11.65; bulk packing sows, 9.50a10.00; pigs, 10 to 15 higher; desirable pigs, 10.75a11.10. Sheep—Receipts, 13,000 head; native lambs opened steady; packers top, 10.00 early; sheep, steady; few cholce light ewe: .25: seven cars Idaho lambs, 10.15, with 13 per cent sor two cars Montana wethers, 6.60; fi ures steady, account wet fleeces; feed- er lambs, higher; best, 7.75. PUBLIC DEBT DECREASED. Treasury Announces Reduction of $206,000,000 During July. A decrease of $206,000,000 in the public debt during July was an- nounced today by the Treasury. The total gross debt on July 31 stood at $23,771,000,000, compared with $23,- 977,000,000 on June 30. Officials said decrease was explained by the re- tirement of Treasury certificates of indebtedness and the operations of the sinking fund during July, while no new issues of government securi- ties were offered during the month. TO FORECLOSE IOWA RAIL. DES MOINES, Towa, August 2.—Pro- ceedings to foreclose the mortgage on the Des Moines Street Railway Com- pany’s property will be instituted in federal court in accordance with action taken in Chicago yesterday by the bond- holders, it was announced here today. Attorneys for the bondholders will ask an immediate cessation of service. The case will be heard by Federal Judge Martin J. Wade, who last week issued a warning indicating that street car service would be suspended on August 1 as requested by recelvers for the company. PARIS BOURSE FIRM. PARIS, August 2.—Prices were firm on the bourse today: Three per cent rentes, 56 francs 25 centimes. Exchange on London, 46 francs 87 cenfimes. Five per cent loan, 81 francs 45 centimes. The dollar was quoted at 13 francs 16 cen- times. MANY BANANAS ARRIVING. BALTIMORE, August 2—Two steamers arrived yesterday with bananas from Jamaica—31,686 bunches on the Manchioneal, and the Greek steamer Phaliron brought 22,500. An- other ship will arrive Thursday with 18,500 from Jamaica. VISIBLE SUPPLY OF GRAIN. NEW YORK, August 2—The visi ble supply of American grain shows the following changes: ‘Wheat—Increased, 5.421,000 ‘bushels. Corn—Decreased, 4,303,000 bushels. Oats—Increased, 1,562,000 bushels. Rye—Increased, 742,000 bushels. Barley-—Decreased. 162.000 bushels. General Electric 9§ Has the decline in this stock run its coursel Should their former level? Hamw totheir for evel will the change in the scock Gividend method affect Sinclair, Texas Compeny, iddle States, Cosden Write and ask for §7-W. DILLON 255 CO. STOCKS—BONDS 32 Broidway New York stops to consider that same amotint, he real- wisdom which supports immune from fluctua- Home Town Association Organised 1879 #1st YEAR COMPLETED $4,308,836.65 -$1,965,332.89 Save Systematically Through the Equitable —Now's the time to make up your mind to joln the Equitable and save systematically. You will attain great- er results than ever before. Subscriptions for the 815t Issue of Stock Being Received Shases, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Sec'y. «[NVESTOR AND TRADER” “TRADERS HANDBOOK™ New booklet—will make clear many points regard- ing your stock transac- tions and will explain market terms. Ask for UU-474. BALTIMORE OFFICE 433 EQUITABLE BUILDING Telephone: 5t. Paul 8451 Direct Private Wires New York Chicago Boston Philadeipbis Pittsburgh Detroit Baltimore Cleveland JONES & Members New York Curb Market T Copital ood Spln | $2,000,000.00 A BETTER VACATIO Place your Liberty Bonds 12-page weekly con- taining special articles on Business and Market con- ditions and Specific Stocks with price range. Ask for UU-473. on When You Invest in FIRST MORTGAGES| They give you freedom from worry and annoyance and yield 7% In Denominations of $100 and Up CALL PHONE or WRITE Safety is unquestionable when placed by and similar ons in Shannon & Luchs Sur “Sate iy when leavin; e city, Main 2345 713 14th St. voull e e 5~ cation, because there'll be no need to worry abept ible loss of your vollogl.et Over a | INDIVIDUAL BOXES st Quarter Very Nominal Rentals. Cof a i CFTRAVELERS' CHECKS mh.‘ry Z J Exgerience ||| | National Savings & Trust Co. Management || . - = in Washi 85th Idest Savings Depository in Property Year |0 Corner 15th and New York Ave. Management | For the successful man- I agement of your rental f property we offer you a specialized expcrience of | over a quarter of a century | in this business. During | | this time, we have im- proved our service continu- ally, as a result of coming in direct contact with all || phases of this business. ! By placing your property |! in our care you will derive |} the benefit of this experi- i | i i ependable Dividends At the present time when dividends on indus- trial issues are in doubt it is refreshing to note the regularity of dividends on financial issues such as Banks, Trust Companies, Insurance Companies and Financial Corporations. The International Finance Corporation —of Washington, D. C,, Is a— FINANCIAL INSTITUTION Now a 10% lnvestment Phone or Write for Descriptive Circulsr E. L. Stock & Co., Fiscal Agents 734 15th St. N.W. Phone Main 736 ence, and at the same time find it our desire to handle. your affairs in a manner that will be absolutely sat- |[! isfactory to you. : B. F. SAUL CO. Property Management 934 N. Y. Ave. N.W. Make the Future Crystal Clear— by creating a voluntary trust for the ion of those whose happiness yzu hold at heart. No storm clouds will then hang menacingly over them, making this company trustee for those you love, you can protect d\m gyom unwgue investment, from business reverses, from too liberal expendi- ture. You have nothing to worry about. Let us exphin to you the possibilities of a voluntary gust. Few people undesstand its many great advaptages. ¢ ‘AMERICAN. ¢ TY & TRUST COMPANY R a5th Steet at Peansylvania Avenue HOME SAVINGS BRANCHES Eighth and H S, N.E. 7th St. and Massachusests Ave, N.W.