Evening Star Newspaper, August 23, 1921, Page 15

FINANCI BANK DEPOSITS ARE| - HOLDING STEADLY Officials Are Surprised at the Slight Decreases Shown. Bonds Active. BY 1. A. FLEMING. Bankers express surprise that their deposits arc holding up as well as ¢ they do. With the large crowd of va- cationists absent from the city, spend- ing. not saving money, end the big reduction in the government monthly pay roll, expectations were that there would be a large reduction, but the contrary has proved the rule. Where there have been decreases in deposits the loss has not been import- ant. There is more than enough money to care for all demands and there have been incidents in the last ten days of interest rates on some important loans being marked down from 7 to 6 per cent. The steady holding of deposits is all the more marked as bankers very generally report the investment oper- ations of their depositors as being de- cidedly important, leading to heavy withdrawals of funds. They still find the trend of invest- ment toward the Treasury certificates. with safety, and toward the 7 and 8 per cent investments which may be selected without much effort from the bond list of the New York and local markets. The utter indifference te the nu- merous low-priced, so-called “bargain stocks,” on the New York Stock Ex- change list shown for the last few months still exists and will until the s-ars of recent losses of a punishing character have been wiped out. The public_has never b oughly eliminated from ut the present time, nor se of bargains appeal with suf- it strength to induce 2 return. Local Securities. Boads were decidedly the favorite on today’s session of the local stock ¢xehange. with a good demand meet- ing sutficient offerings to result in total trudes of $15.000 bonds, face & wnd steady. at neral Morigage 6s. idsted 38 of the same for Was Rail- and with- not indi- < of imnorience. - Open. Adams Express. .. ‘Adv Rumley. .- m Woolen....... 6% hwmmgnyt. ’;: Atlantic Cst Lin Atlantic Gult. 206 Atlantio Gulfpf... 18% Atlantic Petroleun Bkiyn Rapid Trn. g_lgynn'::;rmn. «; een so thor- | Brunsw ‘erm Wall street | Butte Copper..... -4 does the { Butts & Superior.. 11 Butterich. 2% Caddo Ol 8 California Pckg. . - 60% Galitornia Petrol.. 82: Ca Pacifie. . 112 Central Leather. .. 2% Chi Chi M1l & StP. €hi M1l & StPpL. Chi & Northwa. Chi R I & Pacific.. ::% Chile Copper- Chino Covper 2k € CC &8t Loul 4% Cluett Peabody.- 43 Personal Mention. Col Graph pf. - - .{ Cons Distributors. § Cons Gasof N Y... 8¢ Cons Int1Cal Min. "4 from Peru. South {Cons Textile. u% .| Corn Products. 5% wated by Presi-|Gorn Products pf. . 101% nt Harding s of the spe- | S e Co ~ 1 diplomat mis l the ll:.‘me.} u—u'uum.sm H attend the centennial ol ndence. The ~other g:umc-w Lot ‘:2 a1 | Cuba Cane Supt... 19% Del & Hudson...... 190 Dr. | Denv & RIoG Df... 1% ! Doma Mines. . { 1k Horn Coal. 1 s U. 8. S. Nevada for d dur- he 21y 8 on the battlesh na. Oklahoma and Peru, where they rema ©e two weeks' celebration of ] as guesis of the govern returnsd to this | York | gndicott-Johnson. 7% S [ oo 1, Erl E ish Fisk Rubber. Peru, and he | t Tezas country on the battles Fruepor and Arkansas. arriving in New \'orkifnnnnmhm. ‘: on Friday. August 19. ! Sen Asphalt.... Calls for Gen Asphalt - Secretary Mellon this morning call- .Bfi“;‘lm'l"' ed for 5 per cent of the balance of the credits held by national banks resulting from the sale of Treasury certificates, August 1. This will mean a matter of about $12.000.000. The %Yanks have ample funds and arc not being bothered with the demands of borrowers these davs, although they look for an impro’ the coming of September and October. New Bond Issue. A syndicate headed by Tucker, An- . Robert Gar- Greene-Cananes, . 20 GuifMo & Npf...o B Haskell & Barker. 68 Houston Oil. 2% Hupp Motors. 10% Hydraulic Steel ;:'/ o rett & more and Brooke, Stokes & Co. of Philadelvhia is offer- ing th = an issue of $1,191.000 Tiah L I Traction Company & ' Interbo: per t mortgage { interboro Met pf.. 10 bonds, due 1934, ai 99 | inz) Harvester. a% 83 - Tnt) Mer Marine = replace an underiving | int; aler Marine 1 July 1. and s 12% 1ntl Nickel. > 3 mortgage. ihrough col-| T Tateral, o1 electric hower and ugm“":":;:f.ou.. nd street railway properties in Salt [ IB¥IATGP T 2% Take City and vicinity, consevatively | IS1408, 00 20 % Valued at well over $10,000,000, and a | Jewe Bt U lien subject to $1,865,000 bonds on {Eansas City t . % «her vaiuable hydro-electric and gas | KansasC Sou pf- g Iroperties of the system. Kelly-8pring Tire The bonds will be guaranteed. as to | Kennecott. .- u% hoth principal and interest, by in-|KeystoneTire.... dorsement, by the Utah Power and |gackawanna Steel I ght Comany, parent company of the |y gclede GaS. . 9% Ttah Light and Traction Company. Lee Tire & Rubber §4% They will be secured by the deposit| 08 L1y alley Y of an equal principal amount of Utah Inc. 1% Light and Railway 5 per cent con- | Loews 4% +Hlidated mortgage bonds. due 1934. I—Ol"““l:;‘ % HEW HIGHS MADE IN BOND MARKET NEW YORK, August 23.—In to- day's bond trading one of several in- teresting features was a new high record for Belglan 8s at 101%. An- other was a new top reached by Brooklyn Edison, was a new high established for Du- quesne Light 6s. The last-named, however, after touching 93%, came|yngrtalk & back to 93%. Cuba Cane Sugar convertible 7s had | Ne a very bad break, crashing through the previous low. which was 57. The break in these bonds, as well as in the stocks of the company, was a reflection of the uncertainty regard- ng the company’'s credit position, es- pecially in view of the disappointing halt in the recovery of the raw su- -ar market. Mexican _government bonds were helped by the same development which put up the Mexican Oil shares, namely, the prospect of a settlement of the ofl- tax controversy. The 5 per cents were up a point from where they were selling at the close of last week. The demand continued for United Kingdom 538 of 1937, which drew close to their high r of 88. Japanese 4s reacted a point from yesterday's high. Rafiway Issues Irregular. York Central 7s got against 102} yesterday. Big Four 68 were up a balf point to 90. St. Paul debenture 4s, Rock Isiand refunding 4s. Lehigh Valley 6s and Chicago and Northwestern 6123 were al: higher, and Delaware and 'Hudson 7s jumped more than a point 0 1.05. On the other hand, Great Northern 41,8 at 281; were down nearly two points, and so were Iron Mountain B Chesapeake & Ohio 412s and the Jirie’s convertibles were lower. ‘Weakness in copper stocks was re- half a point. gained half of the two-point loss of the previous day. ‘At a late hour this afternoom it i { | and still another) N i Maxwell B. Loose-W! Market St Ry pf exican Pet Miami Copper Middle Stutes Ol Midvale Steel. - Minn & StL (0) Mo Kan &.Tex- Mo Kan & Tex pf. Mo Pacific Mo Pacific 42 7% 70 Raflway Bt18pf... 73 Rysuelsvnt-wlz Rapd Mines 4 Ray Con Copper. .. 11% &% Reading. Reading 2 eplogle Stee 19 Rep iron & Steel.. 4% Rep Motor Truck.. % ié%i;“§§fi'3ii?ié§fif"§§'?!§§9§?§§§‘§§i§5§§§§ LR HH 355s5ise F G P § rsgzsgreggaggge | 398tk FF ausaaga & sa88E8IR ¥ H FESRRERgS wigp & $REpReLE g Rftand Ol N J pt. 07% 361 | Steel & Tube pe. .. # 6ok Stewart-Warner.." 21%- 231 L 19y 0% I e 0 I 1% 2% 18% 36% “|and. ‘Republic, THE EVENING NEW YORK STOCK EXCHANGE 2 Rw:h ?dquke Direct to The Star Office. ~ Open. .High. Low. Southern Rallway. 19t n;‘g‘\, 19 Southern Ry pf..: ‘#4% - 8% Standard Oll of Cal. 68%.: 70% Stand Oll of N J... 1840% 184% 0% United Ry Inv.. . United Ry Inv of.. 'r: United Retail Stra. U 8 Food Prod U 8 Indus Aloohol. U & Realtys oo U S Rubber. K 8% U 8 Rubber 1st pf. U S ubber 1stpf. sei sk Weatern Pac pt. Weathouse E & M. -« 101 107 107 Worthington Pmp 34 4% 34 High. Low. Last. . Call Money. . 5% 5% % HOURLY SALES OF STOCKS. 13M.... 288 30 3p.m.., @7 100 —— WALL STREET LIST MORE TWO-SIDED BY STUART P. WEST. NEW YORK, August 23.—The pas- sage by the House yesterday of the billion-dollar farmers' relief bill. the announcement that the Mexican president was to meet a committee of American ofl representatives with a view to settling the tax dispute, the reports of the porphyry copper com- panies for the second quarter of the year and ome or two more railway traffic statements, showing the ef- fects of the reduced wage scales which went into operation on the first of July, all had bearing upon the mar- kets here today. Both grain and cotton dealings were favorably influenced by the heavy vote in favor of the bill which au- thorizes the extension of one billion dollars’ credit through the War Fi- nance Corporation, to promote the ex- port trade in farm products. While it is doubtful whether this measure will become a law until after the con- gressional. recess, the concurrence of the Senate, after the huge majority in the House, a foregone conclusion. Grain and cotton growers are as- sired then of federal credit to help their situation and there will be a thorough test of the disputed ques- tion whether agricultural prices can be put up through the lavish use of funds provided through the instru- mentality of the government. Olls in Sharp Rally. The abrupt recovery in Mexican Petroleum and other members of the group, on the news of the conference, had a good deal to do with checking speculative raids in the market gen- erally. Even pessimistic _profes- sionals could see that the Mexican president would hardly have agreed to meet the American heads of com- pantes doing business in Mexico had there not been a sincere desire on the part of the authorities there to adjust the question of the duty on export oil, and reduce the resumption of production from wells which have been practically shut down for the last two months. The most obstinate executive can be brought to reason by the threat, which has certainly been very real, of the killing of the golden.goose. Coppers at Their Worst. The copper figures for the se: thres montha of 1921 gave a pieture of the trade situation at its worst, with mines shut down and prices at a level scarcely covering production cost. Utah lost $444,000, and had to draw sitogether $1,256,000 from sur- lus, in order to pay the dividend. nder thése circumstances, with the present dublous outlook, 8o far as the chances for an early recovery in the copper trade are concerned, com- tinuance of the dividend is hardly likely. Utah Copper went down on the publication of the statement and the other copper shares were heavy. Steel Resista. Bear traders launched t - promised attack on Steel common . red were promptly repulsed. They got the price down to 7214, when suddenly a broker in the crowd who in the past has handled iniluential buying orders began to bid for the stock. ; s led to a hasty ret short sellers, One ldea was that s side interests were protecting the market for Steel common, Another idea was -that the support was en- tirely natural and was based upon the somewhat better reports whioh have been coming In recently from the steel centers, and upon the suc- cess which the corporation has had in Setting down wage costs to_the level of four years ago. - The fact that other steel iseues, itke Bethlehem E, came back qui 3 readily as Steel common’ rethes pointed to the better trade outlook as the tu’nhel explanation. - cible and Republic ‘Steel, ship- ping, qmotor and equipment l'ut.oc{(ps ith .Ii:l:e?"hult. sugars, chemicals clalties we: Strong Again. At midday the market was better, sharp rallies being scored. lod % . [hy Mexican Petroleum, Pullman, Gen- 2llat midday were unchanged eral Electric, Harvester, United States Rubber and Studebaker 1 to 2 points above yesterday's clos- ing. Call money, 5%.per cent. VISIBLE SUPPLY OF GRAIN. NEW YORK, August 23—The visi- ble supply of American grain is follows: Baldwin, 925,000 bushels. ‘Corn, 9,811,000 ~bushels; a 2'3:'“0 g“z'hamob ‘bushel, A ¢ ts, X ishels; i e 2715,000 bushels. e Rye, 3,298, bushels; 1 476,000 bushels. i) 2,277,000 bushels; increase, Barley, -224,000 bushels REFINED SUGAR DROPS. NEW_YORK, August 23.—The raw sugar market was quiet early today. but the undertone was firm and there was no pressure to sell. Prices were unchanged with uncontrdled sugars quoted at 4.50 for centrifugal, while freight, equal to 4.86 for centrifugal. Raw -sugar futures were lower un- der commission house selling.. Prices 3 to 6 points net lower. = ‘There ~was another decline of 10 ints in refined sugar by one of the ocal rocflqerl to the ml.dnf 65.80, ‘were uncl at 8.05 to 8.15, with the demand still light. There was only & small trade in re- fined futures and prices were un- chanxed at 3 P S, 3 ‘Wheat, 38,589,000 bushels;.decrease, | } Cubas arc held at 3y, cost and n STAR ASHINGTON, TODAY’S BOND PRICES. Noon prices reported to The. New York-Washington wire by City of Paris 6s 1921. French over direct 7 Redmond & Co. e U Cor & b ed Tretend UCK. of G. B. and Treland & U K. of G. 5. and Ireiand 5t Atchison, Topeka Atlantic’ Coast Line Southern Rajlway ger Southern Raflway 5a Union Pacilic 1st 4s. Unlon Pacific conv. 4s. Union_Pucific 8s 1928, United Btates Rubber United itates Rubber 7 . United Steel 8. F. o 1 Vacuum 01 Corp. 7s 1936.. - 101 Virginta-Carolina Chemical 7i5s 183 o1 ‘Wilson & Co. 1st 8s.......... 87 SHORT-TERM SECURITIES. (Reported by Redmond & Co.) B American % | American Tel. & Te ctric 6s. re and ‘entral 5% International Mercantile Marine 6a. Inter. Rapid Trs e Reading general 8t. Loals and San Francieco 4. serles A. St. Louls and San Francisco 6¢ Southern Paclfic conv. 1.7581.90; 2 and 3, —Potatoés, white, 100 ;gound& 2.25a2.7 .50. Beans, Beets, bunch, 1.40. 2 head, 4a8. Carrots, bunch, 2a3. ery, crate, 3.50a4.00. Corn, dozen, 8a15. Cucumbers, bas- Cel- ket, 35a45. Eggplants. basket, 25a30. Lettuce, bushel, 1.00a1.50. Lima beans, bushel, 50a90. Onlons, bushel, 1.25a 1.50. Peppers, basket, 15a25. Squash, basket, 20a30. ‘Tomatoes, basket, 50a70; bushel, 1.15. Apples, barrel, 2,5024.00; bushel, 1.50a 3.00. Cantaloupes, basket, 30a50; crate, 50al.25. Damsons, pound, 7. Grapes, common, basket, 1.25a1.50. Peaches, basket, 1.50a1.75; crate, 2.00a 5.00. Pears, bartlett, basket, 1.00a1.25; seckels, 75a1.00: common, 50a75. Plums, bushel, 2.00a3.00. Watermel- ons, select, per 100, 20.00a35.00; primes, 8.00a15.00; culls, 3.00a5.00. Selling Prices at Nooa. . 1 red winter, spot, 1.291% per bushel: No. 2 red winter, spot, 1.28%: No. 2 red winter, garlicky, spot, 1.18%. August wheat, 1.18% per bushel; September, 1.19%; cargoes on grade No. 2 red winter, garlicky, 1.17%; No. 3, 1.11%; No. 4, 1.0613; No. 5, 1.0115. Sales—Bag lots of nearby at 1.00, 1.10 and 1.12. Flour—A reduction of 25 per barrel on all grades of western and city mills flour were announced today. Corn—Cob, new, yellow, 3.60 per barrel; contract corn, spot, 64; track corn, yellow, No. 3 or better, domes- tic. 76. Oats—No. 2 white, new, 41 3 white, new, 37%. Old oa premium. Rye—Bag lots of nearby ry quality, 80 to 1.15 per bushel western _export, spot, 1.08 shel; No. 3, no quotation. Hay—Receipts of new hay yester- day were 35 tons,’and sold “on an average of 16a2l per ton, according to quality and condition. Generally speaking, receipts of new hay * are ample for trade wants. Straw—No. 1 straight rye, nominal; No. 2 straight rye, mominal: No. 1 tangled rye, 15.50; No. 2 tangled rye, 14.50; No. 1 wheat, 13.50; No. 1 oat, nominal, 14.50 to 15.00; No. 2 oat, no quotation. CHICAGO, August 23.—Wheat open- ed % higher on the Chicago Board of Trade today, advanced to a full cent over yesterday's finish and then eased for September and 1.18 to 1.18% for December. Trade was light after some scattered general buying at the start, especially in September. There was some moderate commission house buving in December. Country offer- ings were reported light and export demand slow with advices that Eng- land was requesting reoffers at lower prices. A rally at the end of the first hour carried prices back to around the opening figures. Corn _generally followed wheat, starting 36 to % higher, with Septem: ber 83% to 53%, and December, 54% to 543%. The market was heavy, the early recession being in the nelgh- borhood of @ cent under the opening and the subsequent recovery being slow. is opened %a% higher, lost only rontions, and then weat back to yes- terday's final figures. First trades made September, 3;‘%3"1‘&34%, and De- nber 37% to 37%a3Th%. - 3 “Provisions were slow and xenernlll! unchanged. the hog market —belng Slightly firmer than yesterday and re- ceipts at the stock yards somewha lower than estimates. Potatoes slow and 125 cars; Jersey cobble > ado__and Colori 023515 2.8523.00; . Red river Ohios, ish cobblers, 3.00. Opea. High. Iow, Mo 1is L15% 118 119y 116% 588 58% o/ B 124 B2 sy My B b3 rs, sacké® 4.Co; Washington Minnesotas, 2.75a2.85; .00a2. Kansas Ir 117% 118 58 52% 3% Augist 23-—Lard weak; middle west, 10.80210.90. Other ar- ticles unchanged. . I e T BALTIMORE LIVE STOCK. BALTIMORE, Augu o s t. noon_yesterday were 4. 21.45; Norway, demand, 13.23; Argen. for week sndeq 21, Yiead.inst week: receiDts: | tine, demand. 3,000; Brazilian, demand, 151 carioada for market for the week. 12.12; Montreal, 915-16 per cent dis- O Hoice. market tod8F, .r. other grades, 50 | COURt ice steers, et ere, 50ATD, lower; ball o sieady other grades exs! ol 5 o teady: fferings uns et~ Cholce, 8,008 7.80; medium, 5.0045.73; com: e "~ Bulls—Choice, 4.75a5.00; fair '3.0008.75. 2 S Toas or falr to good, 400 were ;ntywm‘-'a“ k-:tfln-l % Fair supply; mark “4.50a11.70; extra e k. ended at moon g e o ly: macket lower. Quote: ullm‘tA;"':"I!!flw. 11.10; pigs, 10.75; s vu—m".'n?émz'u:& 8n: Snded e A lviay were 1464 hes = " S0ai.c0; 1ambs, * Cheep] % ogi— terday. were ‘week. FOREIGN EXCHANGE. Selling checks—dollar vafues at noon. today: . 3.681, Budapest 27% 1378 Prague . 19 57 Warsaw 16 Copenhi 38 Christiania . 94 Btockholm . Asjhterdam 5.64: Belgrade . .18% Montreal . e e * BAR SILVER QUOTATIONS. NEW YORK, August 23.—Bar silver i foreign, 61%. Mexl- oan dollars, 4A‘ . S5 per urice, Mbhsy Th DoF CoRL: Discount rates—Short “bills; 4 11-16 month bills, 4% per Grain, Produce and Live Stock GRAIN AND. PROVISIONS. BALTIMORE, August 23 (Special). bushel, oft. Initial prices were 117 to 117% | alb weak: recelpts|pigs, Nebraska | early, Close. | yearlings, 8.40. st 23.—Cattle—Receipts | Greece, demand, 5.55; Sweden, dema 3 part of | steady. | American Yethlehem Steel Canadian Pacific fs 1927 Central Argentine s 1928, Chicago, R. |G C.. €. & & Con. Gaw of Copper Export Copper Export “*A” & 1923 Copper Export ‘A" 8s 1824. Copper Export “A"* fs Cudahy Packiog Ca. 7 " Goodrich 7s 1925. 7041 Corporation 7a . 3. Heinz 7s 1830. u 102 Kennecott Copper s 1930, Lisxett & Siyers 60 1030...... 1004 100’ Procter & ble 7s 1922. 1001, 100/ ble 7s 1923 5 s 1922 00 100" Sears, Roebuck & Co. 921 1 Sears, Roebuck & Co, Ts 1922.. Bears, Roebuck & Co. 7s 1023.. 97 % Southern Railway 6s 1922. . o 7Y it etk o7 7! 97! 97! 997 100 - Cs . 101 101% ‘Western Blectric 7s 1925. . 100 100 Westinghouse E. & M. 7s 1981.. 10135 101 LIBERTY BOND CLOSING PRICES. NEW YORK, August 23.—Liberty bonds closed: 313, 88.10; first 48, 87.60 bld; second 4s, 87. first 4%s, 87.74; second 4%s, 87.64; third 4%s, 91.80; fourth 43s, $7.78; victory 3%s, 98.68; victory 4%s, 98.73. LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per doz., 41ai2; average receipts, 40. Live poultry—Roosters, per Ib. turkeys, per 1b., 33a35; chickens, spr! per Ib., 33a35; hens, per Ib., 24a27; keats, young, each, 35a50. Dressed poultry—Fresh-killed spring chickens, per Ib., 35a38; hems, per Ib., 27; roosters, per Ib., 22; turkeys, per 1b., 3£ad0; keats, young, each, 60a75. Pork—Dresscd. small. per Ib., 15. Live stock—Calves, choice, per Ib., ; lambs, choice, per Ib., 10; live hogs, 1 10%. Green fruits—Apples, per bb 0.00; per Lushsl basket, 1.00a3.50; ern, per box, 3.50a5.00; California lem- ons, per box, i California oranges, per crate, crate, 75a2.50. Vegetables—Potatoes, barrel, 6.00a6.00; No. potat per_barrel, 5.0026.00; lettuce, nearby, per crate, i6al.26; New York, crate, 2.00a2.50; celery, per doz., 60a90; romaine lettuce, 1.00a1.50; cymblings, r crate, 50a76; spinach, per barrel, .00a4.50; onions, 1.50a2.00; cabbage, 3.00a4.00 per bbl.; cucumbers, eggplants, per crate, 1.5022.00; tomatoes, per box. 125af.00; eorn, 15a30 per dozen; beans, 1.00a2.50 per barrel; iimsa beans, 20230 per quart. DAIRY MARKETS. BALTIMORE, August 23 (Special). Chickens—Alive, springers, pound. 26a31; white leghorns, 24a26; old hens, 23a27; old roosters, 15a16; ducks, 18a24; pigeons, pair, 25; guinea towl, each, 75. Eggs—Loss off, native and nearby firsts, @ozen, 37a38; southern, 35. Butter—Creamery, fancy, pound, 44 45a47; nearby creamery, 30a32; rolls, 28a30; store packed, 27: dairy prints, 28a30; i process butter, 34a35. CHICAGO, August 23.—Butter, low- er; creamery extras, 37; standards, u firsts, 323,a35%¢; seconds, 30a 1 E| new, No. 1, per 2.50a3.00; sweet Y. €8s, unchanged; receipts, 9,387 cases. Poultry, alive, lower; fowls, 18a26; springs, 25. ‘W YORK, August 23.—Butter— Unsettled; receipts, 17,446 packages creamery, higher than extras 40% creamery extras (92 score), 39%a4 c;elmery firsts (88 to 91 score), 38%a 29,181 372! 32%a38; lstate, Pennsylvania and nearby west- lern hennery white, firsts to extras, 3 Eggs — Unsettled; receipts, icases; fresh gathered extra firsts, | 40: " fresh gathered firsts, 47a59; do.. browns, extras, 46a48; do., | gathered browns and mixed colors, { firsts to extras, 35a45; refrigerator special marks, 35%a36l%; do, flrnls,l 34a343;. 1 Chees» — Steady; receipts, 1,555 boxes; state, whole milk, flats, fresh, specials, 21a21%; do., average run, 20a 20%; state, whole milk, twins, spe- ials, 21a21%; do., average runm, 20 a20%. CHICAGO LIVE STOCK MARKET. CHICAGO, August 23 (United States bureau of markets). — Cattle — Re- ceipts, 10,000 head; beef steers dull, early sales 16 to 25 lower; top, 10.25; bulk beef bulls, 6.50a9.50; she stock and bulls, slow and steady to weak; bulk fat she stock, 4.00a6.00; canners and cutters mostly, 2.50a3.25; bulk bolognas, 3.26a4.0¢ butcher grades largely., 4.50a5.50: calves, 50 higher; bulk vealers, 9.50a10.00; stockers and feeders, steady. Hogs—Receipts, 25,000 head; active. mostly 25 lower; bulk of sales, 7.00a 9.25; top. 9.4 heavy weight, 7.85a 8.90: medium weight, 8.65a9.26; light weight, 9.0029.40: light lights, a heavy packing sows, smooth packing sows, rough, 6.75a7.00; 8.0029.00. Sheep—Receipts, 26,000 head; native lambs around 25 lower; packers, top 9.25; culls, 5.50; one string western lambs about 25 lower at 9.50; others held higher: sheep scarce about steady; feeder lambs lower; best lllhtl —_— MONEY AND EXCHANGE. NEW YORK, August 23.—Prime] mercantile paper, 6a6%; exchange ir- regular; sterling 60-day bills and com- mercial 60-day bills on banks, 3.62%; commercial 60-day_bills, 3.62%; de- mand, 3.66; cables, 3.66%; Francs, de- mand, 7.70; cables, 7.70%; Belgian francs, demand,.7.53%; cables, 7.5 guilders, demand, 30.86: cables, 30.91 demand, 4.243% bles, marks, - demarid, 1.18%: cables, 4. 1. Goveérnment and . rallroad bonds Time loans steady; 60 days, 90 days, 6 months, §%aé per cent. Holders of CHILE 8s and every investment house in the country will want the table of ylelds at various prices and redemption dates.in this-week's Ordinary bond tables show yields on a par of 100, while these bonds are redeemable at either 110 or 105. This copyrighted. table is not eclsewhere available. At principal- news-stands, 20c. APBCIAL OFFER—You ook have. 3V somdmg One- Dofiar 1o BAR: 44 Broad 8t.. New York. FINANCIAL * 15 LANCAST! T(:BM}(‘O’ cgfr. 1a LIBIE"%ANSBOO% You Show ASTER, August 33.—So rapid TY DS ?.:r! c:.‘.f.’,’.y“;‘t‘l.‘;‘.’éé?‘é’f:; :s-rmma?e Eonds bought ead Sold Good Judgment st fow weoks that.a bumper crop 12 Bond (E.x’:b‘unn When You Invest in expected. r tobacco.is developing rapidly. Consid- erable broadleaf tobacco has been cut, although much of the crop stil re- mains to be topped. The present in- dications are that the weight per acre will be much greater than was the 1920 crop, when the average was not more than 1,300 pounds, fully 200 pounds below normal welght. e PARIS BOURSE IMPROVES. PARIS, August 23.—Prices showed some improvement on the bourse to- day. Three per cent rentes, 56 francs, 50 centimes, Exchange on London, 47 francs, 64 centimes. Five per cent loan, 81 francs, 45 centimes. The dol- lar was quoted at 13 francs, % cen- time. 604 14th St. N.W. EQUITABLE Co-Operative Building - Assets . FIRST MORTGAGES They give you freedom from worry and annoyance and yield i 7% in Denominations of $100 P $1,965,322.8p Your Money your -self-respect as well will in- crease if You SAVE FOR.- A PUR- and Uj { High-Grade Security but a local corporation in successful operation for years with highest bank references’/ and offering the most salable invest- ment. We have sold one-half million dollars’ worth of these securities without assistance, but additional lines offered require en- largement. Only man who now has excellent clientele will be considered. Replies confidential. Address Box 194-B, Star office. G3ELELERAL LENSREEY. WASHINGTON ICE * Common Stock NOW! ‘There is no how long the present limited offer- ing of Ico Com- mon will continue to be av aflable. The best plan is to buy NOW, after a suitable inves- course. We be giad to show you the two plants in opera- tion and aid you to make an investigation without obliga- tian. Write or Phone Mew For Particalars Wolberg & Co., Inc. Suite 354 Munsey Bidg. Phone Main 6573 Over a Quarter ofa Century Without a Loss Conserving Your Money Conserving your money is different from making it. You have proved your ability to make money; it is our business to conserve it by offering an opportu- nity for the safe placing of funds yielding an adequate return. Throw the burden on us of conserving your invest- ment funds and leave your- self so much more erdergy to develop your business. B. F. SAUL CO. Mortgage Loans 934N.Y. Ave. NW. Salesman to Handle $500,000 in & Securities Yielding 10 & Per Cent 2 Not a stock proposition, E—with that home of your drsams alwass in view. Join the Equitable! Subscriptions for the 813t Issue of Stock Being Received Safety is unquestionab’e when placed by Shannon & Luchs 1 Shares, $2.50 Per Month Main 2345 713 14th St. 4 Per Cent Interest . EQ‘-;TITABFLE BUILDING The A 1 JOHN .vosv EE:;)A"..LH... Ideal |First Mortgage FRANK P. REESIDE, Secy. TR Notes . are an ideal invest- ol nt for your funds, M ment | e KT S Sord oney to Loan 5% I&W,m—"% interest, in sums of $1,000 to $3, % interest. 000, secured by first deed of trust on real esta (¢] — rrlnmptl Dl‘yn:em‘:: 420 Wash. L. & Tt ot principal Joseph 1. Weller {0 W50 iy . interest in cash, ! when due. o | Z i ompiete freedom from care, responei- H 'l bility or manage- ERNST & ERNST R : | The thoroughgoing | service of ; 2 dcom- s— EM pletely equipped or- AUDITS—SYSTEMS Can, phone | ganization. writ ice o maturity TAX SERVICE etate aleo | aates over - several ]uw’ bookiet, Yellfli. 5 iyt 1“8 4 lenomination: Washington Office | Py of $100 and up. We MUNSEY Buoc. | Then Profit.” iuvite your inquiry. | William S. Phillips I Real Estate Investments || 1409 N. ¥. Ave. Main 98 i L e e BREAD and BUTTER Some people will tell you that only bread is necessary toman. Butif yousave wiselyand | invest carefully, the butter, also, will be pro- | vided. If you invest in our First Mortgage / Notes on improved property in Washington, D. C., the earnings of your savings will pro- vide ample butter for the bread that you will go on earning in other ways. SWARTZELL, RHEEM & HENSEY CO. 727 15th Street N.W. Washington, D. C. The Nation’s Home Town 52 Years Without Loss to an Investor t Capital and Surplus RAWING your will is but one step in the matter of ordering your affairs as a pru- dent man should. Equally important is the appointment of an Executor or Trustee to shoulder the responsi- bility of carryving out your last wishes. 9 Go into all aspects of these important duties with Our Trust Officer. No obligation to you will result. Depository in Washington and New York Ave. < THEDEPARTMENTOF LABOR Amaong other duties of moment, this cis 3 of living. A huge task, and an inspiring one! ? But_basically, the ity of the worker ev:y’v’;flmtmpmmmdzmandmm' of saving. ¢ AMERICAN o SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue