Evening Star Newspaper, August 26, 1921, Page 11

FINANCIAL. FINANCIAL. THE. EVENING STAR, WASHINGTON, D, C, FRIDAY, AUGUST 2, 1921 : NEW YORK STOCK EXCHANGE SHARP RH:[NERY |s TODAY’S BOND PRICES. WOOL SLIGHTLY STRONGER. | BOSTON, August 2¢.—The -Commer- | ¥ | Any Time Is a Good FIRMER TONE IN ; N et] 8 ; 57% | clal Bulletin ¢ w will say: by Private Wire Direct to The Star Office. Noon prices reported to The Star over direct | Southern Railway gen. 4x cla etin tomorro? y: % Received New York-Washiugton wire by Redmond & Co. sere %% | “The wool market is strengthening Time to Invest in Open. High. Low. Close. Ope. High. Low. Close. (0 3 e o e 991518 &1 | slightly, some sales having been made | Adv Rumley. N% 1% 1% 1% | UnlonOll.. 9% 1% 1% 15% French Government 8s. 100 fl:m both -in fine and medium wools dur- }. " . Adux Babber. \L. e W4 AT 1% | Onion Paciie ok umd up s Kingdom of Helgremm Tioa. ; 499% | pohind advance . Fne, dnarket con: First Mow A I L™ a4 % 36W I0% | United Alloy Bteel. sk 2z 2% 2% UR B iratand Sis 1831 United Btatex Steal 8. £ 3% | iues fairly active. The goods sit- < P oo o 29 29% |United Drug...... s0% &% & 6 U K B and Ireland 5l 1 D e 91. |uation'is also healthy. The foreign But more especially is this type & Il Chatmers. ... ot | maica ittt u R and Ireland 5% lson & Co. It 6x.. 6% | markets are firm, with a tendency up-{} of investment desirable when 5 A Allis Chalmers pf. t S ovie | Dnied Retati Stra. son % m‘m N": o AT ot OB exd Treinng 54 i E ward on the best fine staple wools.” i bustness conditions are uncertain Earnings of Gas Companies [Am AT Ehmyy;- 2% 2% B &% |USCastironpe . W s 4 i Shorts Run to Cover—Gains e & .= om SHORT_TERM SECURITIES. 410 experts can' agree on prophe : ek N B 0% 60 |USFood Prod.... 16% 6% I5% 3% x Atinntie” Comnt Line oo 10 aiatentes ¢ Gk it Condi- {Am Bauk Note pf. an: 41 471 (USTndusAlcohol. ¢s% #% @% Scored in Industrials. Atluntic Refining Co. Gk 193 4 E B . LOANS ON The FIRST TRUS™ “~TE remains it Co ok 2% | U S Realty.... U Gh % S% COr n n e | Atiax Power o American Tl i ; oy, st par, even thrvugh Panics, Whe 3 il U S Rubber. ah o« a0 ex 5 Ealtimore Tarendt Co i LIBERTY BONDS Dlaced to conform with eur tions Better. 2 |USRubberlstpl. @ & % % Sentiment Better. Tobacco Co ity Bonds bought and Sold Quirements, and yields ¢ 5% |USSmelt & Ref... 2% 2% 76 ;4 : 5 oomect Fd Registered o BY L A. FLEMIN Am Car & Fdy. Diaaceal T WK W% BY STUART P. WEST. A 3 Aligo American Oi Ths " 10014 y e There was considerable improve- | Am Cotton Ofl. U S Steel pt. 09% 100% W%| = L - e hweatemnuI0M0.- Armour & Co. 7x 1980 .. 9815 604 14th St. N.W. Wneat in the volume of business trans- | om Drugglsts. Tk Copmer. a% «% aw| NEW YORK, August 26. T";“‘ “;n— it . Getilehem Steel” 7x 1032 o5 mcted on the local stock exchange to- | Am Express anadium Corp... 26% 2% 26K [no adequate explanatior in the o peake and Ohlo cony. Caundinn Pacihe 6x 1927, ... 98 M to l.»m 0 Gay, not' (hat the ageremate wis|am Hiore oe ot Va-Car Chem. .. f% 22 20%|side news for today's sudden and very eake and Olilo o Central Argentine. 6 1935 b oney large, other than comparatively, but S 3‘§'.dr‘::lnn t... % ,6% | harp advance on the stock exchange. '”fi"',,'f’g,"',’-'j,‘,,f",’,‘,',‘ 1 & ifie 6s 91, 000—T9% Interest, in sums of $1,000 to $5. R = lto Dot eS| Wim Tntocnationai Wabaeh i e 1% | The weekly statements of the fed- and 80, Pau cons i, 16015 { ove’ pecired (hy rat sod ot tcnet oo el siie Consult Our Lean Dept. ment on Wall street and the turn for Wells-Fargo Exp. & & eral reserve banks were remarkable, ook Teland and | Conper - i1 |Joseph I Weller 430 W L L 7rmt the better in market values there. Western Md 9% 8% showing the general reserve ratio up -f”':.:f.flfi.l;.‘a"?:.': ovmer A :;;},‘ e — sl-lANNoN & wuB Indieating & Iitdle” hetter sirength: : W et bt e ol e akforfeteipes cear i b | gy Ve ) Main 3345 Th! issue matures in 1925 and the | Am Smelting pf... 2 a jump from 72.2 to 74.6 per cent in ] B. F. Goodrich i v: H Price indicates the confidence of the | Am Steel Fdv o< = the New York district. ; ¥ ; i Cigii ue 50 . 100 100y 713 14th St. Btreet in the bonds. Am Steel Fdy pf Wheeling & L ™ % These increases, which again sug- |Grand Temk 7u ror .. oo e Potomac Electric General 6s were | Am Suzar White Motor. 5 mw sest the likelihood of another reduc- | iy, Central Hic.. . onper 1% 1630 A Blso firmer, selling at 9. Am Sugar pf.. White Oil. ™ T tion in discounts at the eastern cen-|international Mercsntiic ] ‘Washington Gas shares steady at 43. | Am Sumatra. Wilson Company . . 2% w2 ters, were promptly followed by a!inter. Rapid Transit 1st and re amble | 3 5 within two points of its high for the | Am Tel & Teleg. .. Willys-Overiand 's% & 6% drop in the call loan renewal to & per [Louisville and Nashvilie T 1930; ambie 7. N [ in the | year. Am Tobacce. Willys-Ovid pf w6 ;o |cent e A an e 1R Bears, Wochack & Cor 4 i93 Insurance i < et isaouri Pac el 4s.. iears, Roebuc) Co. 7% 2 e ] actloni fcmowithia quota FAwm otason|(8):-- 18 Woolworth. . 106 6% toss | But inasmuch as the stock market| New'Vorx Centeai x 1930 ra, Roebuck & 1 987 Busi | Mergenthaler sold at 118% to 118, | Am weomeee P (™) & Worthington Pmp. 31% 31% 31% 1% | [1611 210n€ has tenored bAnF rePiill| New York Central geb. 6. Sears: Toehuck & 7% usiness 1 at 118 - | Am Woolen. ...... §7 Voo By su* % % M%increases and dips in money rates,|Nov Yok fciephone ou.. e Lanston entirely nominal, 72 bid and | Anaconda. 3 B! < these developments could scarcely bc d Wextern conv. 9in . %6 asked, with the dividend just off. | ‘sqgo Ol High. Low. Last, |EiVen the credit for the day's uptirn. i By Comparuon Frank roTonal Mentlon. | |Atehisen. . CallMoney..... 5 & 8 |pgaibiiiiies Tor the entie situation | bakirt Mtor car D 2. Ghiselli, assistant cashier | Atchison it 8 ARIRUERAINGRL e o : S . BE B e e e e HOURLY SALES OF STOCKS. which might well have a bearing upon MR e T e 1003 JUSt as a well will leave tomorrow on his vacation. | Atlantic Gulf pf. .- 1lam.....1% 10 L e e e e D BT Saa L b 3 St e il spend ot AanevC X € | Riantic Pevreteus S tner Vclent"rus tp"in cotion Driese | RN g o Ul oy eacen || Charged storage bat- e Washington Gas Light Com-|Ayto Sales. . = 150 BERT! D ( ; y pany reported gross corporate ince 2 cotton options were up about 150} - (U8 00 NEW YORK, August 26.—Liberty - San For July at $44.397.19, from which de- | Borern Con, DIVIDENDS DECLARED. points s compared with where (hey | iaui i sun Prun O e I| terv gives you the duct $32,936.66 interest and other . Reaboard Alr Line refdg. : 2 5 Balto & Ohlo. . Ktock of Pay-{of this advance for the bank posi-|Seatourd Air Line adj. 'q l charges, leaving net corporate income e e L b o ® maximum ot hight at 3 This is a large reduction from thegerd Bilty (L 11 (&g Al - Aug 31 sent: 30| SHUISNS g Sou Pacific conv. 4 B mght and lights up |i - G ontributed to the better fecling in rav A [ st e 2 Grain, Produce and Live Stoek|| the way, just sodoes | e /"=t g I mpt B L .. the main influence. g 2 5 e . e 3 ‘ for gas—indeod, all utilities usually | California Dek&. - : 3 GRAIN AND PROVISIONS. LOCAL WHOLESALE MARKET. our automobile in- IT SHOWS THE PROGRESS OF show decreases for the mid-summer | California Petro orts Rush to Cover. | et B T ESTMENT IN OUR dog days. Canadian Pacific The chief reason for the rise in{ BALTIMORE, August (Spe- | EBegs—Strictly fresh, per dor., 4lat g 5 g The Georgetown Gas Company for | Central Leather... £ tocks was simply that the market Potatoes, white, new, per bbl., * ;“‘f"‘ 'f"““l"’- 40 e surance give you the 1 1 son have real estate, savings sccous July reported gross corgorate income { Centra; Leath pf.. o had been going down with very little | T e ine | B : ]V ehritt stamps, 1 savings, Starks, in. ©f $4.575.61. After interest and other | Cerro de Pasco. interruption for nearly three weeks. per 1. 33855 er 1. 34uz7: keats,|| INMaximum protection B e s e charges the net corporate income was | chandler Motor- The short interest had grown to large P h.. 33a33; hens, per 1b., 24a27; keats, ¥ 1 or _municipal securities, liberty honds. $1.237.38. Eed dimenatons, inclnding in 1ta ranks the St T ol et s Ty 3 rant or e monty Sringibg, vu toss s E. J. McQuade Talks. Chi Great W pt. - l.ll':d.;'x‘;::Kednd-fl;m'l;\éhuelwlwrenpmio s, hune chickens, por 1. 3a3s; hens. per I SA 0ss by fire, than 13 per cent” smmualls, lswestipate 2. 3. McQuade, cashier of the Lib-|Chi Mil& StP. ns an: culative posi- 27: roosters, per Ib., 22; turkey 3 ‘ e e ec! i 3 = 2 > P - Wi fering 12 cent ferred A P = 2 B (et School G TaRtr action Tt ‘ork—Dressed. small. ver 1b., 15, vrofits through our common lh,l INGOOD REQUEST vy >neu Tool. ingly difficult to obtain stocks for | {yee. L00a1 50, Tima prof building today on the farm loan act | onj K1 & Paciic borrowers' purposes was pointed out | taa;i00s unione. b 1.5081.65; peppers, || 14ve stock—Calves, choice.’ per Write or call us today. and the posal savings system ChiR1&P7%pL-. yesterday. In a ward, the market|{pacier, 2 P squash. basket, 20a2 mbs, choice, per ib., 10all; live B F SAUL Co STOCK EXCHANGE SEOURITY He wqnt into the many details of | Gnile Copper. s wan oversold, and, for certain of the | (Joof " PTG S GG, 3 . 10. D. . o CORPORATION the farm loan act. stating its generous | e, Conbeg: """ ¢ YORK, August 26.—The bond | more volatile industrial issues, heavily | ‘*\1 les. b1 enfruits—Apples, per bbl, 3.00a A ile I \*SE800 purposes and giving the operations | CiRO COPDEr.- -~ market. Was haiped by the. re oversold. 00 % i atorres Der bushiol basket, 1.00a3.50; west- utomobile Insurance 230 Bond Building-21400 N.Y. Ave. . of the twelve federal land banks, as|Coca-Cola arket was helped by the recovery %V, tany the advance proceeded | oonre Hrmbons, it ern, per box, 3.50a3.00: California lem- Washington,. D. C. well as the many joint stock I: Colo Fuel. in stocks and the coincident drop in ¥ 1.00a1 msons, 1b., ons, per box, California lana swiftly and went furthest in stocks Olatons which have been the special object of raiding since the first of the month. Some Big Gainn. Crucible Steel shot forward at one time nearly five points. American In- ternational was equally prominent, and the way it went up showed the artificiality of the selling in the stock yesterday. which had kept on right up to the "close. There were gains scarcely less abrupt in such issues as General Electric, Famous Players, Harvester, Baldwin Locomotive and American Car and Foundry. 934 N.Y. Ave. N.W. 1.25a1.50. Lasket, 1.50a1.75: bartlett. baske 1.00; common, 00: watermelons, se- lects, per 0.0 h0; prim. 8.00212.00; culls, .00 Selling Pricex at Noon. Wheat—No. 1 red winter, spot. 1 red winter. spot, ter, garlicky. spot, mon, Peaches, {1.50a3.00; pear: seckle | o ‘banks; Mr. McQuade stated that inception of the act—July 1 136,838 loans had been made, aggregat- ing 3$388.592.700. and that more than 4.000 nationa! farm loan associations had becn chartered by the Farm Loan Board. Tt is estimated that the government made a net profit out of the postal #avings system in 1920 of $1.720.000, Over 70 per cent of the postal savings depositors are foreign-born or af foreign extraction. The number of postal savings de- Colo & Southn 1st. Col Gas.... S tent. Prices Col Graphophone.. greater part Col Graph pf...... 12 o Cons Gasof NY... " Cons Int] Cal Ml Cons Textile. . oranges, per crate, money rates. peaches . but not to the same ex- went higher in the of the list, but outside n few issues the gains were not im- portant. Louis and San Franc incomes were the active feature with a jump of over a point. The adjust- ment £s were also in demand. The Hill group were actively dealt in at top prices, the Burlington 6ls up to 1013, the Northern Pacific 6s up a half to 101%, and the Great North- ern shade higher at 101. Erie general lien and Wabash first Main 1 High-Class Represengation Wanted. War's Aftermath ] Washington’s OLDE ST National Bank has helped “see its depositors through” the trying recomstruction | Cosden & Co. Crucible Steel. ... Cuban-Am Sugar. Cuba Cane Sugar.. Cuba Cane Su pf... 1.21% per bushel; cargoes on_grade % No. « 00; tomatoes, 00; corn. 10a20 per dozen per barrel; Hea beans, ' August whe September, 1 No. 2 red winter, gariick SW Y per box, 1.50a3 beans, 1.00a: positors is more than 500.000, and the | Davidson Chem. .. ¢h up a half point. and Big | OCTICD Cay 410 Founer b Talls S*No. 5, 1 20u25 per quart. days following war, in times before Zotal amount on deposit July’ 31. 1921, | Del & Hudson. ... ¢ e T DGarly 3 .Doint I because the short account in them was | | Sales—Bag otiinsarhyar now. a8 $162.500.000. Del Lack & Wstn.. e 3 i |not what it was in the industrial|11221.15 aware and Hudson 7s came down ‘Washington. D. C.. was thirty-fourth thre city in the United States, with de- {wsiu of $41 . _New York city 435,36 Car lot No. 2 red winter. spot, 1.33% per bushel Corn—Cob. new, contract_corn, spot. 2 No. 3 or better, domestic, 1l The crisis of the War of 1812 had just been passed when this bank began business; and The Metropolitan’s re- sources were also factors in the read- Dome Mines. Endicott-Johnson. Erie Erie 1st pf.... Erie 2d pt quarter. The Durant interests were ited with having brought back around the recent low prices a lot of Studebaker stock, which had been quarters to 1011, and the de- cline continued in New Haven which were off another point to These bonds have been dropping in a cred- nominal; eads with $4 Some Improvement. STOCKS—BONDS—COTTON GRAIN — SUGAR — COFFEE | % & manyer to attract considerable atten- & LA | Bought and Sold on Comm| lon The credit clearing house of New Biaseca b ouattact © srable attent | distributed on the rise across 80, pre- hew: 410%: Nok : < - York, in a review of credit conditions | pamous Players pt o e oxplanation Elven is ghat|ceding the publication of the mid-year Ola oats at| [fl g7 Securitien Commodities justments necessitated by the Mexican the country over. finds that the vol- ume of claims recorded in July was 10.4 per cent less than in June, but that in comparison with July of last Year there is an increase of 25.4 per cent. The average claim in July wa Der cent less than in June. but Per cent leas than in July. 1920. This would be encouraging but for report. They were also given the credit for the twist of the short ac count this morning. It was the itiative shown in Studebaker which did more than anything else to bring about the upturn in other Industrial 3 2 Crueible Stee and sold The jump in Crucible Steel was a|crage of 16.00a20.00 per ton. duplicate of other rebounds which {ing to quality and condition Review Free, U A.A.Housman&Co. 20 Broad Street, New York: MEMBERS: Freeport Texas. Gaston Williams. on Request. szur. the Civil War and the Spanish ar. 39, Paid on Savings = = Such a time-tested financial institution must merit your confidence. Your business is invited. [ National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,500,000 15th St., Opposite U. S. Treasury—107 Years Old ing the improvément that the carriers experiencing in other parts of the country. Interhorough s Heavily S Hudson and Manhattan refunding 5 were notably strong at 67%. Inter borough Rapid Transit bs were rather heavily sold down to 54%. which is the lowest they have reached in some Rye—Bag lots of nearby s to ty. 80 to 1.10 per bu hel 0. 2 western export, spot, 1.11 per bushel; No uotation. ipts of new premium. ’quA Gen Cigar deb..... Gen Electric. ..... 115 Gen Motors 9 Gen Motors pt. G Mot 7% ded. Gen Mot 6% deb. 2.1 S the stock has had on previous occa- |erally speaking new arriving is the largely increased claims. Goodrich. 70% time. __|sions this year, whenever it has been lample for all trade requirements. In many sections the smaller mer- | Great Northern pf. g: e . Sharp fluctuations in Cuba Cane 78|lending at a premium. Yesterday this ght rye. nominal "3 , chants are shown to be in a stronger iposition than some of the more im- iportant houses, Tn the special comment made atten- #ion is called to “a splendid improve- ment in the northern agricultural pection over the June showing, both as to the number and amount of claims.” From a section of the country be- Meved to be suffering from mone or Jess general depression. comes the as- surance that “the decrease in number and volume of claims in the southern agricultural disgrict shows a steady &rowth of confidence among the cred- | fnvincible Otl..... & itors of the section. island Oil.. 244 “Since the cotton erop has been so | gansas City Sou economically produced as to promise ] KansasC Sou pf... 50 a profit even at low prices. and since | goh o Spring Tire. 34% merchants are reducing their lial ""IgéxseyWh“‘- . 56 ties, the fall outlook is promising.” | Kennecott. .- reflected the uncertainty as to the outcome of the new credit, said to be in the neighborhood of '$10.000,000, which is being arranged. A local news agency was authority for the statement that approximately $6.500,- 000 of this .credit been arranged up to Vesterday's close In the government division the Japanese issues were again the lead- ers, with City of Tokio 58 up another point to a new high. with a new high ord also for the Japanese 4s. Dan- h municipal 8s. series B, gained ne-half point, and Mexican 58 three- quarters of a point, while the advance in Swedish 68, which had been a fea- ture all the premium was 34 was reduced to 1-i6. There was no other significance to the advance except that Crucible had become rather more oversold than most other things. The company does not impart official information as to the other steel conterns, but every three months, consequently re- llance has to be placed upon unoffi- cial accounts. These have repeated ly stated that Crucible has been op- erating in red figures since the early part of the vear, but the extent of the loss is not well enough known to permit of predictions regarding the dividend. which was cut in_two in June, and which comes up for con- sideration again the middle of next month. Y. Coffee and Sugar Exchange Chicago Board of Trade Associate Members of Liverpool Cotton Association. Washington Office MAIN FLOOR CORRIDOR WOODWARD BUILDING Telephone Main 2040 CHARLES R. ALLEY, Mgr. this morning it nomina it tangled rve, 0. 1 vat. oat, no 14.50: No. 1 whes nominal. 1450 to quotation. S CHICAGO, August 26—Wheat fluc- tuated rapidly in the opening trades on the board of trade today. The start was unchanged to % higher, with Sep- tember 1.20%: December. . to 22 and May 1.25%. The small ad- vance, caused mainly by scattered o cay buying. brought out increased of- | ferings and a reaction of l: to % followed. Professionals bought on| this break, sending prices upward | again. At the end of the first hour prices were % to % above the opening. Corn started ' higher and was rela- vely firm despite announcements of | enormous receipts in the market. ]-nr the four days this week the receipts Houston Oil. Hupp Motors... indiahoma. Inspiration Interboro Metro... Interboro Met pf.. Int] Harvester.... 0% Intl Mer Marine... 7% Intl 3ier Marine pf 36% intl Nickel. . 124 Intl Paper . 0% UTY means more than simply ful- filling obligations contracted in life. _— MONEY AND EXCHANGE. Keystone Tire. . NEW YORK, August 26.—Prime]have been almost five times as much S.fg Every man is born with a duty to better WILL PROBE FALSE STORY. | Lackawanna Steel #6% mercantile paper. 6a6%. kxchange, {as for the corresponding period last ty .very ma o Yh % N * | Lenigh Valley. : g M OB heavy: sterling. slxly-dfi:y nms -»kw' year and 1.!4\0.000‘ h'\’uhlel% or:‘:;e!a:: and his station. Money earned has the NEW_YORK, August 26.—The N iggitt & Myrs pf. {Arkausas Natural G commercial sixty-day bills, on banks |week. Reports of heat da (in | 5 . Dereaninn isteritl ok iee hn York Stock l-:xcnas;‘gp rommi'z‘l’eeh'::: [‘:’iinlnc 1% BieLedre 2 3.65%; commercial sixty-day _bills, | certain Kansas and Nebraska dis- High Returns_ power of increasing 3 0 i Dbusiness conduct will immediately in-{ Loft Inc. Boston and 3 %ssu xi‘em.m;. 3.69‘ cables, a.ss":- tricts n.lpea“:;whrruxquems:mhggugl‘n‘:| CITIES SERVICE COMPANY vested as to secure a good income with vestigate a false report by news Boston and Wyom rancs, demand, 7.76; cables, 7.763%;| prices were 8 > SRS Pureau ‘which caused Mexioan petro | Mana=teE Caledonia” Belgian france, demand. 750%; cables.|fo Sas' for December and 38'% for safety to principal. : eum to break seven nts ‘8415 | Mar s ‘alumet an 51; guilders, demand, 31.10; cables; |pay. . LS = x 5 3 yesterday. The erroneous report saii e e Carbon Stesl . 3116;% lire, demand, 4.33; cables,|" Gats reflected the corn conditions, Series D You will find in our First Mortgage the directors bad, deferred action on CaziD; the dividend. Denials effected almost immediate recovery, the stock closing at a nominal 1083 on a day_in which { Minn & StL (n)- mere than thirty issues of varving|Midvale Steel degrees of importance and intrinsic|Mo Kan & TeX...« value fell to minimum quotations of | Mo Pacific. . the year. Mo Pacific pf. An official of the mews bureau ex-|pontgomry Ward. Plained that the message was suppos- | yyilins Body ed to have been conveved by telephone 4.281,; marks, demand, 1.16%; cables, 1161 Greece, demand, 5.56; Sweden, demand, 21.55 Norway, demand, 13.40; Argentine, ‘demand, 30.25: Brazilian, demand, 12.00; Montreal, 9% per cent discount. Government _bonds bonds irregular. Time loans steady; sixty days. ninety days, six months, 5%a8 per cent. starting relatively unchanged to % Piaher with September 341, Decem- ber 38 and May 41%. Increased bullish sentiment engender- ed by the export credit bill kept wheat prices on the upgrade until near the close, when realizing sales took them below yesterday's finish. September ended at 1.19% to 1.20. December at 1.21 to 1.21% and May at 24%. Removal of hedges against a million Loans safety and satisfactory interest rate combined. Paying 7% and backed by virtually two dollars’ worth of real estate for every dollar invested, these loans are among the most desirable now offered. Miami Copper. b Trading Miadle States Oil Car Light and Power. Citles Service (new).. Cities Servi Cities Service pfd. lumhian Emerald monwealth Finance . lidated Copper 7% Gold Debentures This is a_senior obligation of the Cities Service Company. In the past five years a surplus in- come nearly twice the par value of its outstanding bonds has been put back into the properties of the Cities Service Company. one of the firm; railroad Diominion 0! > | Natl Acme { Dirant_ Motors - e sales helped the || most widely known public utility They are in convenient denomina- P e S s Angilos | Natl Enameling. . ) FLTOLE SONTONIA K KT L OO e close was firm at || and oil companies of the world. tions. where the directors of the M:cican|Nat!Lead- AL PR EW YORK, August 26.—There was |, fractional net advance, with Beptem- ¢ Petroleum Company were reported (o{ Nevada Copper. .- | Easine z heavy realizing in the cotton market [per 5415 to 54% and December 54% to These funds, taken from sur- be In session. This firm later denied | New Or Tex & M. at the opening today. a disposition jgq1, plus earnings, indicate the man- 2 having telephoned any such messa, N Y Central to take profits after yesterday's big i T agement’s sound policy and to_the news bureau. ease | N ¥ Chi& Si L, advance being promoted by relative- | g (P e e en oy behind dhief] odid H IIJ RU Ak The Stock exchange today ordered|N Y Chi& StL2d.. ly easy cables, the easier opening of | hew securities which we recommend. | olldo . its members to report their transac- | N Y Dock.. 2 foreign exchange and talk of pros- TO YIELD 9 PER CENT i 912~-15WST.N.W. tions .in the stock yesterday and the!yy N H & Hart. pects for better weather in the belt. 1§ iz day before, with names of clients,| k & Westrn, Prices_and ‘other details. The ticker | Norip Amerioa..- 6 service claimed it had been deceived | Northern Pacific by a telephone message and in this| NOTUeTh [ Steal . 23 connection the order of the exchange | NOV& ‘Prod. for information as to short and long | Oklabomes FI: committments was regarded as - orp - sarded as signifi-{ Orpheutt CICC cant. Pacific Oil Pan-Am Pet The opening was steady at a decline of 1 to 16 points, but, after selling off to .19 for December, the market showed renewed strength on trade buying and _an increasing commis- sion house demand. The latter was promoted by & private crop report making the condition 51 and the in- dicated yield 7,260,000 bales, while there were also reports that Man- chester had been an active buyer in THOMAS W. BRAHANY - & COMPANY ! Investment Seeurities, 510-11 Evans Building i ington, D. C. | ternationnl Petroleum 1% { Jerowe Verde 17% | Kay Connty Ga bty | Lke Torpedo . w434 | Meun | (new). HOLIDAY ON EXCHANGE. NEW YORK, August 26.—Satur- day preceding Labor dl( will prob- ably be a_holiday on all the stock, aotlon ‘and grain exchanges in the — OIL STOCKS. Dutch Issue Pan-Am Pete (B). 36 Panhandle Pro pf... 68 nsylvania Sy a St Quotations furnished by W. B. Hibbs & Co. ¥ Rid. Asked. Anglo-American Oil C 4% 15y rne-Serymeer C 345 380 uckeve Pipe Line 81 3 heseborough Mfg. C 1 140 Continental 0ii Co (new) fining ntain 1 ila Company - ::llllfll Petroleum 19% Pierce-Arrow. . 10% ; Plerce-Arrow p. )2 : i . r P Plerca Oll. i 0 1% Liverpool. December hete sold up to 5.62 before the end o0f the first hour, or 33 points net higher and into new high ground for the movement. Futures opened steady: October, 14.85; December, 15.20; January, 15.80; March, 15.45; May, 15.48. NEW ORLEANS, August 26.—A fresh 4! display of strength was made by the % |cotton market today and new high w% ntry, the New York Stock Ex- gg:ngeyhnvlng decided to close from the end of business Friday, Septem- ber 2, until Tuesday morning fol- lowing. —_— BAR SILVER QUOTATIONS. NEW YORK, August 26.—Bar_sil- ver, domestic, 99%; foreign, 62. Mex- ican dollars, 47%. ‘CITIZENS. State of San Paulo U.S. of BRAZIL 8% External Loan of 1921 X - . 90" |jevels for the season were reached,| LONDON, August 26.—Bar silver, Franate co s::{fi:fl:p' B 3 . % 3% | Getober touching 15.09 during the first | 38d per ounce. Money, 3% per cent. o oN SAVINGS Due 1936 Mature at 1068 New Yotk Transportation & W Vi : 1% | hour of business, and March going to | Discount rates: Short bills, 411-16 X Pt EToe Eine] Ovs o |15. ‘Around the opening there were | per cent; three-month bills, 3% per ¢ Retired through ataons ;:::l:’\ln"r Pullman Co. K 1, j declines of 10 to 16 points under sell- | cent. "1 5 ired thro: operi Prairie Oil and Gas Co. Punta Alegre Sug. 26 et Creek il iuc g 82 ; ing in sympathy with a poor Liver- ~ — Prairie Pipe Line Co. Solar Refining Co. Bouthern Fipe Line Co. South Penu. il Co. Fouthwestern Penn. Pure Oil. . cee 3% Railway St1Spr... 6% Ray Con Copper... 1% Readin, 68% Reading 1st pf.... 87% Reading 2d pf..... 38% Remington Type.. 20 Rep Iron & Steel.. 5 Rep Iron & Stl pf.. Rep Motor Truck.. 8 Royal Dutch...... 6% St Joseph Lead. ... 10% StL & San Fran... 21% Supulpa com. . Simms Petroi Skelly Ol Southern Coal aud iron. Sweets 0. of America Swift International Tonopah Divide Tonopah_Extension - United U. 8. Light an United Front. Sharing. 8. Shi ton. . e I3 United Retail Candy..... United Texas, . Warren Bro Kentucky. Standand Oil Co. Nebrask: Standard Oil Co, New York. Standard Oil Co. Ohio Kwan & Fineh Co. Union Tank Line Co. Vacuum 0it Co. 5 ‘Washington 011 Co. 2 | - VS e B 1soscecr00 SIEER FEREF. pool market, but on the decline heavy outside buying developed and a rise of more than half a cent a pound en- sued, which carried the trading 34 to 41 points higher than yesterday's close. Futures opened steady: October, 14.60; December, 14.82; January, 14.90; March, 14.97; May, 1499, R DAIRY MARKETS. BALTIMORE, August 26 (Bpecial). —Chickens—Alive, springers, 1b., 26a | EQUITABLE | | Co-Operative Buildng | Association Organised 1879 41st YEAR COMPLETED $4,308,830.65 ..$1,965,323.88 that sold in Holland si Sotlar bonds sold in the United States, at The normal value of the Dutch guilder is 40.2 of Coffee Surtax —_—_—— e C 3= 1; white leghorns, 24a27; old hens, e b e et e . 39a27: old roosters, 16. Ducks, 13824, cents and the banking position of the country i CHICAGO LIVE STOCK MARKET. i L e Wright Aero % Pigeons, pair, 25. Guinea fowl, each, Your Money very strong. i CHICAG(:, Augus': :5)(Cnlledl s:.‘:u ;-nu%ee:u:‘ susg.. JShicAgo— 75a80. and vour self-respect as well will 'in- S ureau of markets).—Cattle—Re- | Sa=on Motoi rmour Leather com. 234 Eggs—Loss off, native and nearby, [§ 228300 *tif-resmect fa: - celpia, 3,000: Sicads. quailiy piain: | Savage Arm S s the Y & firsts. dos., 37a38; svuthern, 35. OME—with That horme of youir dreams At the rate of 31 cents the bonds yidd bulk beef steers. 6.50a0.00: bulk fat|Sears Roebuck. LAy ",' 3 Butter—Creamery, fancy, 1b., 42a43; always in view. Join the Equitable! over 8% and with a teturn to normal would yield she stock, 4.0026.00: canners and cut- | Seneca Copper-.. 3% prints, 43a45; nearby creamery, 39a4 %, ingan in 1=y ll:rselay‘,1 ”"?,3,’{3.;.‘,’;”“, t’glcgnx inclatr Oil. . Py 1adles, 30a32; rolls, 28a30; storé pack Subscriptions for the - over10.25' _,.lnm increase in principal bulk veal Calves. 10.50a11.00; stociers R S SIhir M LAY, Drate 81st Issue of Stock b of over 30%. and feeders, steers mostly, 5 P Fok Beling Received it H o Hogs—Receints, "15.000; fairly ac. Souherh allwe SUGAR MARKET STEADY. ol Positive Protection bulk ot heavy- tive, steady to 15. higher: sales. . 7.40a9.75; top. 9.90; weiglhits, 8.40a9.50; medium welghts, light _weights, 9.5029.90; 8.75a! ,_7.30a8.00; packing ows, rough, 7.00a7.30; pigs, 7.75a9.00. Sheep—Receipts, 11.000; sheep and at_native lambs, mostly steady: top atives, 9.00: bulk ea 0a! lambs Stromberg Carb... 26% Studebaker. 6 Sul . 4% Temtor Corn (A).. 4% Tenp Copper...... &% Texas Company... 334 - Texas & Paocific...: 2% Texas & PC & Oll. 16% Tobacco Prod..... §7% sugar market was stey u-;.sg*lor' centrifugal an or Cul equalito 4.88 ro:‘_:‘n sales reported, .. Raw sugar early mission house seHing. changed ks from the P NEW YORK. August 26.—The raw oliek uneontroll In refined futures there were salés of two lots of September at 5.90, un- Used Cars The Automobile For Bale col- umns of The Btar are the quick- est and most économical méthod for the disposition of your used car.and the hest market for the purchase of a desirable car. Shares, $2.50 Per Month 4 Per Cent Iuterest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY KEDSON, Presideat valuable, cels _and e for less secured Fhin ONECENT A DA Safe Deposit Boxes $2.80 4 Yenr Up 1336 N.Y. Ave. of your Potter Brothers &Co. 1414 H Strest N.W. Washington, D. C.