Evening Star Newspaper, October 9, 1921, Page 32

r 82 HOME-MARKET INJURED BY HIGH PRODUCTION COST 'All Authorities Agreed That Gener;l Re- ‘ ducfion in Al..l Available Ways Is Essen- ' -tial to Enlargement of Business. + B% L A. FLEMING. . Unemployment has been “promi- nently before the public durihg the last few weeks, evidencing, in a way, failure of American business inter- ests to make the most of the great American market, a market supply- ing the needs of 110,000,000 people, th the largest per capita wealth of any nation in the world, with the greatest natural resources and one of the few nations producing in larger percentage than any other the things needed to feed and clothe its popula- tion. That there has been failure to de- velop foreign trade to the point of ne- cessitating industrial activity, with general employment, is a fact not chargeable to either American indus- try or American finance, but one for which war is to.be blamed directly |and indirectly If theve is any fault to be laid at our door in this latter respect, it may be found in the fact that we cannot produce as cheaply as (Germany, nor yet as any other European country. The initiative and the money have not been lacking in efforts for foreign trade and to capture the available outside markets, but the results so far have proved either disastrous’ or negligible at best. Some of our leading bankers be- lieve that the United States can still win its way in foreign trade, but will have to be ably managed and ‘nrodurxlon costs materially reduced | to make the effort sucoessful. - It would seem as if the latter pro- vision was-most desperately needed that great combinations of .capital | THE - SUNDAY to stimulate the buying power of this \great domestic market. This and the fmuch required adjustment between the original cost anfl the cost price to the indlvidual buyer — the retail price. Americans were not a nation of profiteers before the war, but they are certainly afflicted with the disease at this time, and there are so many evidences of it in daily transactions that it cannot be denied. In no line is it stronger than that evidenced in the housing problem in all the large citles of the country. It was never intended that the American family should live in one room, nor yet in Awo' Tooms. With rents as they are today the two 1ooms, and even the one room, are likely to. become ' necessities, where the country was once a nation of home-owners. Moreover, realization of Inflated val- lues has created a desire to pass on the good thing to others, to refuse rentals and insist on sales. There are scores and hundreds and thousands of vacant places otherwise available, but vacant because of im- possible rents and for sale signs. So lonz as the old golden rule is a dead letter, and the high cost of living prevails, 50 long will labor protest wage reduction, even though forced to sub- mit by the evidence of millions unem- ployed. The threat of a strike of the railroad brotherhoods will probably end there, because such action would be anything ibut the part of wisdom—it's no time | to_add to the ranks of the unemployed. So long as there is such an evident disnarity between the cost and sale price of merchandise. and farm me: STAR, WASHINGTON, produce tthe public's pursestrings will open only for the wherewithal to buy necessities and the great domestic American market will not function fully and largely as it should. A Pittsburgh banker took to the American Bankers' Association, at Los Angeles, a new slogan, 80 he called it— one under which thé nation was to march back to prosperity—"Do unto others as ye would that they should do_unto you.” Utopl 1t is written differently these days: Do others be- fcre they do you. Dem: for Bomds. The bond market has been extremely active during the last few weeks, or since the money market became o eusy and the federal reserve bank of New York cut its discount rate to 5 per cent. The printing presses have been very busy, but the demand seems to_absorb new issues as fast as they are brought out, while old issues are moving up in the' general movement to employ idle funds. Liberty issues have paced the list to higher levels during the week, and it is possible that buying by the zovernment has been partially responsible. Washington public utility bonds have participated a little in the strength shown, but neither generally in the activity nor the strength. October is an off month in the matter of local interest and dividend disburse- ments, but not even a noticeable frac- tion of the disbursements paid by the Washington Railway and Electric Com- pany, the District Paper Company, the Washington Gas Company and a num- ber of banks has been reinvested here. Washington investors have been sorely hurt in their ventures and L a[——]a|c——=]al—=[olc—xlo]——=]o[———Z]o]——=lal———>a|——]o] i D. C, OCTOBER seem slow to make use of the facfl- ities of the New York bond or stock market while the narrowness of fhe home market operates in the same manner in Washington. They are running largely to Trea: ury certificates and three-year notes, for which there seems to be an inex- first haustible demand. is demand, at confined largely to the customers of the larg- er banks, has gradually extended to the general run of bank patrons. Moreover, investors in these se- curities are constantly reinvesting with each maturity, while the banks find their supply steadily reduced by the inquiry. Celumbia Graphophone. Columbia Graphone preferred stock has apparently about completed an- other spectacular cycle. It will be readily recalled that the stock had a ctacular rise recently of nearly nine points to about 223%. It was attended by the publication of & remarkable story in a New York paper concerning the wonderful in- crease in earnings of the company for the first eight months of 1921. Of course there were no net earn- ings and the story was a bald mis- statement. There is some question now as to whether it was not promulgated by some insiders and the advance made simply for the purpose of unloading a few hundred shares of the stock. The shares closed at 11% toda On the curb market the 8 per cent bonds of the corporation formed to build the Baltimore factory, guarsn- teed by the Graphophone Company, as it was debarred from issuing any bonds itself. by the agreement made when putting out the preferred stock at 95, are selling at 40, which can- not be said to be encouraging, either to the holders thereof or to the lumbia Graphophone shareholders. Gas Consumption. The record of the Washington Gas|p would bear out such z claim. ‘Two countries in particular have no unemployment problem. These. are Germany and Japan. - No' one who stands for human advancement will suggest that the American working man accept the wages and the living conditions of those countries. Never- theless, the German artisan is at work and the Japanese artisan is at work, simply because production costs in both ‘those countries have been re- duced 10 a busis that makes the whole world willing to buy their products. Not long ago the American coal miner was talking about a thirty-hour week. In the texlile industry of Japan the week consists of 132 hours. This means nearly nineteen hours a day for seven days a week. No true American wants any such conditions in the United tes. We are confronted, however, by the ne- cessity of reducing our production €OSts and our transportation costs. Organized labor lost its head during the war and for a year or so after- ward. Like the rest of us, it must get back to earth. i WEEK’S COTTON PRICES ADVANCE ON U. S. REPORT NEW YORK, October ernment’s September-cnd crop figures proved the turning point in the week's cotton market. « TePOrL of the cennus bire . ivsnrn o the opening of the Monday morning session, Indicated that 7.950 bales of cotton had been ginned up to Sep- tember 25. This looked very heavy as compared with the popular idea of the crop. but the market advanced pretty sharply in spite of this, swith December contracts selling up to 21.95, or into new high ground for the season, before the official condl- tlon flgures were issued. Part of the uying on thjs advance was probably —The gov- Friday, October 7. activity of the ket = SEPTEMBER 9 13 14 15 16 17 19 20 RANGE OF MARKET; AVERAGES. The following chart shows graphically sentative stocks dealt in on the New York S| covered is the past month, up to and including the close of the market The lower section of the, chart indicates the relative he action of forty repre- ck Bxchange. The period $71VvY ¥04 21VIS A A ~———SCALE FOR INDUSTRIALS —— g & High 1920 .109.88, . 85.37, January 3 Rails November 3 (Copyright, 1821, by W. F. Mes SIYYHS NOITIW High 1921 to Date Industrials £0.03, May 5 Rails .... January 1 Low 1921 to Date U. P To|——]0] —= o] — 0| Every Style! Choose your new, st hardest every-day service. initial payment delivers the sto This Magnificent Overstuffed $ Velour Suite is a Rare Value Your Choice of This 26-Piece Set of WM. A. ROGERS. Silverware With Every purchase of $100 or mere. or the set of Dinner-| [o[c——o]c—o]0[—"] == This handsome suite. aize wood You ful value this is without seeing thia Suite for Parlor or Living Room........ American Walnut like plcture, conelsts of larg While we emphasize the attractiveness of this Suite. don't lose sight of the fact that it is a Suite of splendid quality also. The frames are substantially put together and highly polished in mahogany fniish. The uphoistery is imitation leather of an excellent grade. Ordinarily you would expect to pay.as much for the davenport alone, as this special saie price for the.complete three-piece suite. The davenport is 6 ft. in length, has deep coil spring seats and backs, while the chairs, with their big roll arms, are luxuriously designed for genuine relaxation. mulberry in handsome velour at this gpecial price today. is in the the new style triple-mirror follet tal can't realize what a wonde complete set 53650 v 4 FLOOR Gas or what style, size or type of stove you want you wil at the new low price levels—at a sav ago. Every one is guaranteed to give you ful The entire amount in cash is not necessary, fc ve you want—pay the balance on easy credit terms. $16.75 - All Ses! Lowest Prices! oves or range from the largest showing in the city! No mn.tter 11 find it in our Stove Department priced ing that is tremendous Your choice of either blue or Walnut Dining Room This 9-plece Suite com: Table, a large Buffet with pl ». large, roomy China Cal ieather’ Di; This 1 5 uite n the Walnut in Queen Anne peris popul eriod . 3 Pisce Divan LAMPS, double duty. Davenport can be used twent: = —as it makes a full-size bed at night. Electric, the expense of another Chairs included. 1l and complete satisfaction under the very This Handsome 9-Piece American of & 48-Inch 6-foot Upholstered Library The ideal suite, as it helps make the I room do {Company for the past year has been |bascd on expectations that the report | Industrials ., December 21 |Industrials . ), August 4 Isimply a reflection of the increased | Vould be Lnder, 40 and the actual |Rails ... ¥ebruary 11 | Rails . . 65.52, June 20 | consumption of the entire country. |cating u crop of 6587000 1eive indlz Twenty Industrial Common Stocks Used Are: ! Use of gas in industry nas greatly in- |followed by V 3 Am Cun Am Sugar Central Leather Rep Tron & Steel 178 Steel jcreased in the last ten years III‘:,l Sine fim ll'nrll"dl,' .:m "'t-ldk'lv,-l o n‘ oducts Rtu mker Uinh Copper 1149,430,000,000 cubic feet to 319,887,- as low 4, making a decli m Locomotive Anmcoudn ien Efectric Texaw Company nghiouse 113,000 cubic feet, according to the|a little over 23 cents ]‘):‘_dl ‘.;:iJnf';o‘;: Am Smelting Baldwin Loco Goodrich U 8 Rubber Western Union American Gas Association. the high level of Monday morning, Twenty Hailroad Common Stocks Used Are: Today one-fourth of the artificial|and fluctuations toward the end of| Atchison €M & 8t Paul Northern Pucitic Readis the week w D 3 e gas produced is consumed in indus ‘were extremely nervous| Baltimore & Ohle Del & Hudson Lebigh w Haven Southern Pacific try. The combined use of gas for and irregular. Louis & N rfolk & Western Southern Rwy | i over the prices of a year ; i for just a small f 1 i Your Choice of This| 42-Piece Set of Dinnerware With every pirchase of $100) o Brore o (e Ret ot nivers ware. Suite as Pictured Be ey 6550 y-four hours This suite saves room in the home or apartment. i1t would be just as logical domestic and industrial purposes has doubled since 1910. The record of sales as made public through the association, giving fig- ures of gas sales since 1901, showing the constant increase in use of the product, follows: To make the gas consumed in house- holds and industry last year required 8,500,000 tons of bituminous coal, 2,000,- 000 tons of anthracite coal, 1,5 000 tons of coke and 960,000,000 lons of oil. Today the number of communities served by gas companies is 4,600, the meters number 8,580,000 and the main gas maips 68,300 miles, or enough to encircle the world nearly three times. The investment represents approxi- mately $4.,000,000,000. There are ncw over 7,000,000 gas- burning appliances in American homes, gas water heaters number approxi- mately 1,500,000 and gas heaters nearly 1,000,000. Hotels, clubs, restaurants and insti- tutions using gas for all cooking num- ber 71,490, while those using it in part number 13,776. “Because of its economy, cleanliness, cheapness and continuous and never- failing supply, such as has become pos- sible through the efficient plants serving the nation, the use of gas has muitiplied by leaps and bounds,” says the asso- clation, in commenting upon the sta- tistics. “The surface has barely been scratched in the use of gas for indus- trial purposes. The economic advantages of gas is causing it to rapidly replace many other fuels in industries and the betterment in working conditions is a big factor. “Gas, first used entirely for illumina- tion and then later for cooking, appears now to be entering its third and great- est stage of usefulness as an aid to industry, where it seems bound to find its greatest use. Unemployment Panacea. J. Wollman & Co.. New York have this to say on this 250 gal w. brokers, question: It is unfortunate for the great masses of people that their self-ap- pointed leaders have so little confi- dence in the common sense of the pub- lc. If it were not for this shortcom- ing, the question of unemployment would be most easily answered. The conference at Washington has been firmly committed to the idea that the iwage question should not be brought into the forefront of the discussion. in the forthcoming disarmament congress to jbar raising the question of naval} strength or standing armies. Unemployment is a social malady that cannot be cured by covering up the infected portions by such court plaster devices as “split employment,” increased expenditures for public works, or pleasing academic sugges- tions about arriving at a basis that is “fair to both capital and labo Unfortunately, the issue involved in unemployment is not between em- ployer and employe, but between one: group of producers and another whose products have to be interchanged, or between one country and another whose products have to be inter- changed. 1t may not be polite to mention wages in a discussion of unemploy- ment, but the whole problem revolves around the pivot of production costs. It is possible, for instance, that in the question of coal prices the item of profits is all important. This is extremely doubtful. When we come to the matter of transportation costs, it is possible that the railroads are profiteering in the charges on freight and passen ger traffic. It is doubtful if any audit BONDS. s:}.‘:l;o—Anl. ind Potomac River R. R. b8 12,000—C. and P. Télephone 18t 5s. 267,560—Capital Traction 1st 58 3,000—City and Suburban Ry. 1st bs 73,000—Georgetown Gas Light 1st 58 24,000—Metropolitan R. R. 1st 5s. 44,000—Pot. Elec. Power 1st 5s. 120,000—Pot. Elec. Power cons. 5s. 33,000—Pot. Elec. Power deb. 68 169,900—Pot. Elec. Power gen. 6s. 2,000—Wash., Alex. and Mt. Ver. bs 141,700—Wash. G 276,000—Wash. R: 104,000—Wash. Ry. and Elec. gen. 6s. 157,400—Wash. Ga: 2 Bhares. 3,943—Capital Traction . 2,274—Washington Gas . 2—N. and W. Steamboal 1,284—Wash. Ry. and Elec. com. 2,185—Wash. Ry. and Elec. ptd 236—Wash.-Va. Ry. com 30—Wash.-Va. Ry. pfd. 40—Commerclal Nat. Bank. 20—District Nat. Bank 37—Farmers and Mechan! Now that the last of the regular monthly crop reports is out of e way, traders seem more disposed to study the conditions of distribution, and a question has been raised as to whether the market could be.expected to absorb the increaxing new crop movement at the higher level of prices. Reports of large spot sales in the south on the rallies have con- tributed to uncertainty in this re- spect, but on Thursday's break to about the 191;-cent level for Decem- ber smaller spot offcrings were re- ported, while active buying for trade account is noted around the local ring, presumably to fix prices for foreign and domestic spinnérs. The first frost reports of the sea- son have been received during the week, but there were only lighp frosts at a couple of points in the eastern belt, and thetrade has seem- ed comparatively indifferent to fur- ther crop new: A preliminary official estimate is said to place the Egyptian crop at only 3.440.000 cantars. and one of the features of the week has been the relatively large proportion of other than American growths included in the daily spot sales in Liverpool —_———— SEE HIGHER STEEL PRICES Buyers Advised to Expect Advance of $5 a Ton. YOUNGSTOWN. Ohio, October 8.— While no official announcement of increase in steel prices has been made in the Youngstown district, buyers say they have been advised that an increase of $5 u ton on sheets will become effective October 15. Present prices are four cents a pound for gal- vanized; three cents for hlack. and 2.25 cents for blue annealed The new prices, it is said. will be 4.25, 3.25 and 2.50.cents. COTTON MARKLT REVIEW. NEW YORK. October 8.—Probably the greater part of the active busi- ness reported in the cotton market presented the evening- c accounts for over the week end. trade interested w buvers on an opening decline, but the market met hedge selling_on the rally from 19.57 to 19.94 for De- cember contracts, while orders other- wise seemed to be pretty well divided. December closed at , compared with 19.83 at the close of the previous day. w al market irregu- lar, net twenty-five points lower to i There was no business in October, but the nominal quotation for that month showed the maximum loss for the day. Cotton on shipboard awaiting clear- ance at the end of the week amounted to 196.000 bales, against 111,000 last year. Reports from the goods trade stated that print cloths were avail- able at.second hands yesterday at slight concessions from the top. but a continued good volume of retail » | trade and wholesale distribution was | generally indicated by the week end reviews. Manchester reported contin- ued demand from China and occa- sional sales to India. NEW ORLEANS, La.. October 8.— Heavy selling pressure was felt by cotton today, both in the early and the late trading. In between the mar- ket met golid support, on which it re- covered and even went to small net advances. Selling was determined and persistent and wae done in the face of abnormally cold weather in the belt, accompanied by reports o damaging frosts in portions of north and west Texas and of Oklahoma and by a forecast of light frosts tonight for all states in the eastern belt. According to the gossip of the mar-. ket much of the selling was done by Japanese, Wall street and western in- terests. The Year 1921 to Date on the Washington Stock Exchange. Furnished by W. B. Hibbs & Co., Hibbs Bulldiag. Up to and Including Friday, October 7, 1921. fos' Nat. Bank Erie hio lilinols Central September September September September Beptember 14, September 15, September 16, Beptember 17, September 19, September 20, September 21 e 9, Friday Industrials. Ruils. . 30.35 78.08 7192 Low. Liberty 3¥s .. 89.30 Liberty It 4 83.00 { Liberty 2d 4s 81.40 Liberty Ist 4%s . 84.00 Liberty 2d 44s - 81.10 Liberty 3d 4%s . 100 85.60 Liberty 4th %s . 9300 8200 Victory 3%s - 1 99.40 94.60 Victory 434s - 1 99.40 9470 N Y Central Daily Mevement of Averages: 28 | September 7, Tuesd September 7328 LIBERTY BONDS TPenasyivania Union Pacific Industrials. Rails. September 24, Saturday . 7051 8 Scptember 26, Mone September 28, Wednes Scptember 30, Friday Octaber 1, Saturday . Maturity 1921 Close date. His law Yesterday 6-15-47 93 Bo.X) RORR 6-15-47 91.50 *92.30 11-15-42 92,50 6-15-47 94.60 94.00 11-15-42 93.00 9-15-28 95.30 10-15-38 93.50 5-20-23 9940 5-20-23 99.40 *Bid. City of Paris s, 1921.. French government §s Government of Switze Kingdom of Belgium 7°s. {U. K. of G. B. and Ireland 5%, U K. of G. B. and"lIreland 5%s, U. K. of G. B. and Ireland 51 U. K. of G. B. and ireland 5% JAm. Tel. and Tel. con > A. T.and 8. F. gen. 4, {Atlantic Coast Line 7s Atlantic Refining 61 Atlas Powder 7% i Baltimore and Ohio 6s Baltimore and Ohfo S Bethlehem Steel ref. 5s....... Burlington (N. P.-G. N. joint) § Cunadian Northern 7s, 1940.. Central Leather 5s...... Central Pacific 4z, 194 Chesapeake and Ohlo conv. 43 Chesapeake and Ohio gen. 1% Chesapeake and Ohio con Chi., Mil. and St. P. ref. 4%s Mil. and St. P. ¢ orthwestern 7s, and Pac. ref. 4s Chicago Union Station 6lix Consolidated Gas 7s Delaware and Hudson Erie gen. lien 4s neral Electric Goodyear Tire and Grand Trunk 7is, Great Northern 7s, 19. Tllinois Ceatral $%s. International Merchant Marine 6s International Rapid Transit 1st ref. Louisville and Nashville 7s Mo., Kan. and Texas 1st 4s Missouri Pacific gen. 4s.. New York Central 7s. 1930. New York Central deb. 6s. New York Telephone 6s. Norfolk and Western cons. 4s. Norfolk and Western conv. 6s. Northern Pacific 4s Packard Motor Car 8 Pennsylvania 5s, 1968. Pennsylvania 6€}s, 1936.. Pennsylvania , 1930 Pennsylvania gen. mort. 43%s. Reading gen. 4s. ¢ St. Louis and San Francisco 4s A St. Louis and San Francisco 6s, 1929 St. Louis and San Francisco inc. 6s. Eelbon.rd Air Line rf. 4s. Southern Pacific conv. 4s. Southern Railway gen. 4s U. 8. Rubber 5s. U. S. Rubber 7% U. S. Steel s.f. 5s. Va.-Car. Chemical ‘Wilson & Co. 1st 6s. GRAIN AND PROVISIONS. CHICAGO, October 8.—A late rally relieved an otherwise depressing short session of the board of .trade today, the change coming after wheat, corn and oats had all recorded new lows for the season. The close was unchanged to % lower for wheat, % | to 1 lower for corn and ¥ lower for oats. Lard finished unchanged to 712 higher and ribs 2% lower to 5 higher. Wheat started weak and made its low market early. An initial rally caused in anticipation of the govern- ment report was short lived and the market sagged steadily until Decem- ber touched 1.07% and May 1.12%. Sentiment was mixed and the news generally bullish, export demand be- ing reported slow and Canadian northwest offerings liberal, with big receipts in prospect at Winnipeg next week. The turn came .unexpectedly and down were driven to cover. shorts who sold freely on the way ‘To the usual week end evening sales were THE WEEK'S BOND MARKET. Following is a_summary of the fluctuations of the prices of active bonds on the New York Stock Exchange for the weck ended yesterday: Previous week's close. High. Low. 1031 Close. 9.15 mosmerossite e SRR Beaeo FE FER R e Sowd 233 W 101z a5 93 911 © = 924" 883 NEW YORK BANK STATEMENT. NEW YORK, October 8.—The actual condition of clearing house banks and trust companies for the week shows that they hold $27,964,280 rc- serve in excess of legal requirements. This is an increase of $38,862,610 from last week. The statement. follow: Loans, discounts, et increase, $2,696,000. Cash in own vaults.members Federal Reserve Bank, $73,224,000; increase, $6.598,000. Reserve in Federal Reserve Bank of menrber banks, $492,942,000; increase, $36,149,000. Reserve in own vaults, state banks and lru'-:r.s nc&mp-nlea, $8,874,000; 1 crease, $25,000. : Reserve in depositaries, state banks and Lrll'll.,scga’!splnles. $8,161,000; de- crease, $276,000. Net demand deposits, $3,641,747,00 decrease, $22,897,000. United States de- posits deducted, $216,093,000. ‘Time deposits, $219,132,000; Increase, » $4,469,630,000; 87—Federal National Bank. 9—Libe added reports that India, ordinarily an exporting country, had bought two cargoes of Pacific northwest wheat, with further trade in sight. ‘Thers ‘was also a report that Italy would be back In the market on Monday. Corn and oats moved in parallel lines under stop loss selling, the fact that new No. 4 corn is deliverable under December ‘contracts increasing the pressure on that option. Evening up transactions helped a recovery from the inside figures. Provisions were dull. Lard firmed up on the strength of the hog mar- ket, and ribs were a bit lower. NEW YORK, October 8. heat, spot, steady; No. 2 red, 1.18%; No. 2 hard and. No. 1 Manitoba, 1.17%, and No. 2 mixed durum, 1.07% c.if. track, New York to arrive. Corn, spot, easy; No. 2 yellow,‘::‘: .228,000. Ve $32.908,000; "t:."l"rsu‘l,l.llun. Aggregate reserve, $508.977,000. Excess reserve, $27,964,280; increasc, $38,862,510. Summary or state banks and trust companles in Greater New York not included in clearing house statemen Loans, discounts, etc, $630,101,10 decrease. $2.400.400. Gold, $6,678,700; decrease, $700. Currency and bank notes, $16,82¢,100; increase, $251,600. Deposits with Federal Reserve Bank. New York, $50,540,600; decrease, $756. 100. Total deposits, $660,981,000; increasc, $793,300. Deposits: Eliminating amounts due from reserve depositaries and other banks and trust companies /in New York city and United States: increase, This 6-Pc. Dining Room Suite Combines Quality With Moderate Price—$43.50 Of Golden Ouak, for the Dining Room. consisting of large bu! Tith beautiful plate mirror, bighly polished Gelden Ol Frxtonson Tevis and four durable Diners, ali complete, $43.50. AXWEL Furniture Co. This is one of the greatest values we have wots. It is not only good looking, but of excellent workm: able make. It isa bedroom furniture that is exceedingly popu- . Consiats N Dresser and Chiffonier in beau- 5t Gotden Oak—this A sensational bar- suin st §42.50. 3 All-White Enamel “Saucepans, 89¢ These 3 Sauce- pens are of all pure white enamel. 487—Continental Trust . 160—National Sgv. & Trust. 120—Union Trust 30—Wash. Loan and Trust. 3—East Wash. Bavings Bank 10—Merchants’ Bank .ee 60—Sec. Sav. and Com. Bank. 17—Union Savings Wi lech: sho lovely continuous post bed. 76—Firemen’s Fire Insurance §—National Union Fire Insur: 23—Real Estate Title Insurance. Ly Pt 1, 100—O0ld Dutch Market pfd. Oats, qul Lard steady; .m! . Trust companies—Cash in vault,$48. Other articles un 623,600.