Evening Star Newspaper, October 21, 1921, Page 29

FINANCIAL. ' NEW YORK STOCK EXCHANGE GROUPNO. TWILL Recelved by Private Wire Open. High. Adams Express. ©% 80 Afay Rubber. 1% 19% Allind Chemlical... 64 % ¢ Allled Chem pf.... 3T 1% AlMaChalmers.... 3¢ 3 211:- Chatmers pf. 1 o H m Agr Chem pf.. § For Richmond Reserve Bank. | am ninnote.... s 8% . |AmBaik Notept. 1% = | Am Beet Sug 2% 28% To Banquet A. B. A. Presi- |AmBeets: oo Am Can Ve dent—Local Stocks. Am Can of. % Am Car & Fdy.... 198 138% BY L A. FLEMING. Am Chicle Co. 0% 10% Members of the federal reserve sya- | A™ Cotton Oil pf.. 3% i tem in Washington in group 1 have been 3 asked to vote, November 17 next, for two | A™ Fxvress...... 1 15, directors of the fifth federal reserve dis- | am Hiqe & Lea pf. " 49% % trict, vacancles occurring December | Am Ice. 5 L 31, in class A, through the expiration | Am Tnternational. 81% :fl of the term for which Charles E. Rie- | Am Linseed. ... u" e man was elected, and for a vacancy in | AT L:’;:x';:m ':‘ " class B, caused by the expiration of { AT Ch{ety REROF. - R gpr the term for which Edmund Strud-|am cmiiSecA...., 8 T wick was elected. Am Steel Fdy. me 7% As these directors were elected by | am Sugar.... 1% Bl% group 1, only banks in group 1 wiil| am Sucarpf. 7 1% Vote at'this election. This includes |yt il " """ g 5% all banks having a capital and sur- | S EAnETELDe e (0 yog plus In excess of $599,000. Am Tobae oL 194% 195% Most_of the pational banks of the | Am Tohacco. = city_will qualify, as will the Conti- | Am Tabaceo (B).. 123% nental Trust Company, a member of | Am Waolan. . kil Hh the system, for this election. Am Wonlen pf. % 9% So far as known no candidates| ;o onae 5% have been considered, locally, as yet. | FRESTRIR ittt oy n Noither of the retiring directors is a | 4090 0 e B ‘Washingtonian. Au o ol 1t is necessary for each bank to pre- | Atchison pf. . e C o sent an authorization from its board | Atlantic Gulf. 6% 7% of directors to an officer of the insti-| atiantic Petrol... e 22 tution that he may cast a vote for a|palgwin Loco. , 8% 8% director. Class A directors are rep-|poyeots onio. % %% Tesentatlves of stockholding banks. [ Z®i0 el FhOe " o g An officer or diréctor of any member | BAIO L3 2% Bb bank is eligible for election. Under | Reth Steel (B). 52! % the terms of the act a class B director | Bklyn Union Gas !‘l\yy 69 cannot be an officer, employe or di- | Booth Fisheries % 8% rector of any bank, and at the time of | gyrng Bros. .. 107% 109% Tils election must be actively enkag-|pgyiteCopper. Frdiartrd ed i commerce, agriculture of SOMe | pyparick. il . ’ ’n(a!::l;llianlzfl;;uuhnnktru should agree | Caddo oll. 12% :;:2 on candidates for these offices. California Peke. 65% o7 Will Banquet T. B. McAdams. California Petrol. 41% 4t The Bankers' Club of Richmond will { California Pete pf. 780 15 mive & banquet in honor of Col. Thomas | Canadlan Pac| e Wranch McAdams, the recently elected | Central Leather. 5 :;h e president of the American Bankers' As- | Central Leather p soctation. Cerrode Pasco.... 29 29 The banquet will be given at the Jef- | Chandler Motor... 41 4% ferson Hotel on Monday evening the|Ches & Ohlo.. sa% Bi% 29th instant. Chi Great Westn. 6% 6% A number of local bankers have been | chi Great W pf... 16% 16% snvited and will be present as the guests | opj M1l & St Paul. 28 2% of the Richmond Bankers' Club. Chi Mi1 & StP pt :m m v . Chi & Northwn.... R o Chi & Northwn pf. 10 100 The Federal Reserve Bank of Rich-lcpiRT4& Pacific.. 31% 817 mond will move into Its splendid new | i "monner 1% home on Monday of mext week. The | it i, 2#% mew: bank is said to be one of they ST NI o landsomest - banking hovses in the |GCLE D00 S ao country. SO B = Will Push Protection. :A\‘z 2% ) Presldent McAdams of the American i h % Bankers Association announces that | Columbia Graph. . e miinistrative. committee has | Columbla Grph pf. 12% Jargely increased the appropriation to Cons Cigar pf. . 64 carry on the work of the protective de- {ConsGasof N Y. 89 sartment of the American Bankers' As- | Cons IntlCal Min. 2% 7 sociation. This was done to offset the increase in crime against banks which has been in evidence in recent months, and it is the purpose of the assockition “o adequately protect its members from the attacks of highwaymen, cracksmen, forgers, check raisers and ofher crimi nals." The report of the protective com- mittee in the protective departmant for tha twelve months ended August 31, 1 showed total arrests of 607 “nd cases not disposed of before Sep- tember 1, 1920, amounting to 161, making a total of 7 handled Ty the department. Of this number 3 were convicted, while 169 was the total of criminals who were re- leased, e died or became in- sane duriy ame period, while at tae end cases were awaiting he inaugura- tlon of the feature of the assoeiation t been 1,969 re- ported burg and burglaries on non-member banks, en- wailing a loss of over $3,811,000, while those against member banks were 51 in number, entailing a loss of 46, a difference of 918 in num- nd more than $3,000,000 in losses. Potomac Flectric Mortgage. The new “open” mortgage under which the Potomac Electric Company proposes to issue and sell $2,200,000 7 per cent twenty-year bonds, as re- ported in this column vesterday aft ernoon, will be the medium for a refunding opera‘ions that the cor- poration will undertake from time to time. The mortgage enables the company to 3§ ver a | attempted | Gen Asphalt. . i Elk Horn Coal.... 1% Endicott-Johnson. 6% Erle 1% Erie 18t pf. 17% Erie 2d pf. 1% Famous Play % Famous Players pt 79 Fisher Body of O pf. 67 Fisk Rubber...... 10% Freeport Texas 1% Gen Am Tank Car. 40 54 Gon Asphalt pf.... 83% Gen Electric 126 Gen Motors. 9% i Gen Mot €% deb... 62% Goodrich . 30% Granby Cons 18 {Gray & Davis..... 11% | Great Northern pf. 7% { Great Nor Ore.... 2% : Gulf Mo & N pf. . Gulf S:ates Steel.. 87 | Haskell & Barker. 2% Coaden & Co. Crucible Steel. Cuban-Am Sugar. Cuba Cane Sugar, % Cuba Cane Su pf.. 18% De Beers Mines 18 Del & Hudson 93% Del Lack & Wstn.. 106 Dome Mines 18% Guantanamo Sug Homestake. Houston Oil. Hupp Motors. 3% cut ifs garment according to its needs; Indishome Pirtys and the prevailing conditions in_the( IRSPIRE BN el Tyl money market. making a rate with rela- | INterboro S Al o ool tion thereto and for a long ot short term {::flx::chem. Sl 5 e F = of years. as the situation seems to war- 4 Int} ;m_ Starine. E 1;;: It is thoroughly open, it is elastic as | Intl Harvester. 1o e e of i jesue and evers- | Intl Mer Marine pt o s ihinz connected therewith, all these es- | Intl Motor Truck.. 213 2% sentials b ranged as desired for | Intl Truck Istpf.. 64'a 64t nd fully covered by | Intl Nickel - e Bk ! Int1 Paper. “ juvestment bankers ' Intl Paper (sta). 6 that these bonds 1 readily when | Invincible Otl.... 11 1L authorized by the < Commission. { [owa Central. [ Washington Gns 7 1-2 Notes. 5?:';?%"; T it The approval of the Utilitles Commis- | Y200 00~ Doz sion yesterday of an issue of $30,000 ! Ca. bk Washington Gas per cent ‘notes, | Kansas JUy oG e e% dated January 1, as published in this | Kansas m“ he % % paper yvesterday afternoon, does not | Kelly-Spring mean that these bonds will be placed | Kennecott...... on the market in the near future. Keystone Tire. 1t is understood that the company Will | Kresge (S8). .- retain the notes in its treasury and | Lackawanna Steel 38 39 use them as collateral from time to time. | Laclede Gas...... 4% &% Lee Tire & Rubber 28 8 Local Securities. Lonigh Valley.... 5% b3% Capital Traction shares displayed | [ima Locomotive. 72% 7 more activity than for fome time,|(cewsInC........ 13% 1% while the advance from 87% to 88| “Ceryne. % 9% marked the full recovery of the latest | (000 Jo o Flev.. 4% 4% dividend payment. Tre closing sale D tanShict.. #1 W was at the high price of the day. Manhattan LT Railway common stock was also(MariandBu.- - —i«: ool ool firmer, selling at 26. May Dep! o ek 1006 A few shares of Lanston sold at 72, | Mexican Pete. ‘ % Lut otherwise the share market was 5:’“1‘5;er - = slow. jam! Railway 4s were firm, at 59%, and | Midldle States 13% the Washington Gas 7% notes brought umv.ha!;::‘.) zg's« 303 and 103%. inn & St L (n The federal reserve system shows a fl‘, Kan & Tex. 1% ratio of reserve to liability of 70.3 | o Pacific.. 18% per cent, the kighest e 1917. Mo Pacific pf- a Richmond, Atlanta, Dallas and Mi"'(unnuna Power 5% neapolis have the lowest reserves in | e ery Ward 18% 18% The system, 44.7 to 39.8 per cent, and | MONUE S their condition materially reduces the | NatlACMOc.cee-c 0 (0 average of the other eight institu- | Natl Biscult pf. - % 1% fions. New York has the highest re- | NatlCloak &Spf. 54% ' serve percentage, 83, and Boston sec- | Natl Enameling... 89 39 ond, with 78 per cent reserve. Natl Lead pf. . 104 104 Nevada Copper- ‘gn :;u N Y Central..... NEW YORK RESERVE BANK. [N ycChi&StLlst. s & NEW YORK, October 21.—The state- [N ¥ DocK..... ... 2T A ment of condition of the Federal|NYNH&Hart... 1% 13% Reserve Bank of New York at the|N'YOnt& West 19% 19% close of business October 19 shows: [ Norfolk & Westrn. 8¢ %4 Total gold reserves, $1,033,149,181.|Norfolk & Wstpf. 68 68 Total reserves. $1,089.216,744. Nortn America.... 40 &% Bills discounted secured by govern- | North America pf. 5% 38 ment war obligations for members, | northern Pacific.. 8% 4% §78,459,536. N e Prod... 2% 2% Al others, for members, $151,976,974. hoam Circuit.. 18 18 e SUC R cRen et O b Elevator..... % 9 22,776,479. S otai biils on hand, $272,619.990, | OtisSteel... e 8 3 Total earning assets, $320,351,390, |Pac Development. b = Uncollected items, $132.811,388. PacGas & Elec. .. Due to members’ reserve account,|PacificOfl.....cce 2% 4% $660,383,154. Pan-Am Pete. 6 sy Total deposits, $679,645,079. Pan-Am Pete (B). &1 4 Federal reserve notes In actual|panhandle........ 11 11 circulation, $632,328,748. Parish & Bingham 12% 12% Ratio of total reserves to deposit| e’ avivanis-.... 8% 86% and federal note liabilities combined, | ponp Seabd Steel.. 8% 9 —— Pere Marque! SHORT-TERM SECURITIES. Phila CoJlel\;l :x FO Selling checks—Dollar values at noon today: | Phillips-Jones pf. Budapest ...... .18 | Pbiips Petroleum :1“ 3“13: Prague D100 Smias o Copenhagen ¥ Pierce Ofl. . Stockholm -...3.86 | Perce Ol pf.... “% Amsterdam 23408 Pnugu:. z : igride Pitts Coal pf. Matise) % | Pl s WV uu —— Pressed Steel . 8. TREASURY CERTIFICATES. |Producers & Ref.. 1% 21% (Reported by Redmond & Co.) Pul lcse;o!NJ. :: :: at noon: anCo..... e, B Punta Alegre Sug. 100 % | PureOil........ 1001 Ray Con Copper. Reading..... oos Remington Type.. 20 b Rep Iron & Steel.. 5% 47 - N Rep Motor Truok.. 8% % = Ries Robert...esee 7, 7 THE . EVENING STAR; WASHINGTON, D. C, FRIDAY. OCTOBER 21, 1921. TODAY’S BOND PRICES. Direct to The Star Office. Low. Clove. Open. High. Low. Close. © 4% |RoyalDutch...... 6% 48% 4% &% 19% 19% | 5t Joseph Lead.... 19% 1% 12% 12% 4% % |StL&SanFran... 21% 2 2% 3 ®m % |StLoufs Southwn. 224 2k 2% 21% % 8% |StLoufsSownpf.. 0% 31 30% 30% 76 16 |Seaboard Air Line. 3 8% 3 8% g% 5% |Seaboard ALpf... 5% B% 6% 8% 52% 5% | Sears Roebuck.... 6% 6% 6% 4% 47%|Shattuck-Arisons. 6% W 6% 26% 20% |Snell Trad & Tran. 33 83 % 32 32% 2% | Sinclairofl. . 2% 2% 0% 2% 2 26 |Sloss-Sheffleld.... 37 & 81 85 8 |SouthernPacific... 71 TI% T% 1% 198 198% | Southern Raflway. 19 19 18% 19 10 10 |SouthernRypf... 43 & & & 29% 39% |StandOilofCal... 1Y% 79% 7% 7% 5 6 |StandOilofNJ...18 150 148 150 17 150 |Stand OlINJpf... 109% 109% [09% 109% 94 9% [ Studebake: Nh M % “% Submatrine . 3% 8% 8% 3% ey M TR TR T n% ms 2w% WY 8% 24 2 |TennCepper...... 1% % % ™ g0 8% |TexasCompany... 89% 40 89% 9% % 4% |Toxas&Pacific... 21 1% 721 2% s Te 2% A% 28% e T 1Bl% m‘6 15 . 63% 66 63 64 :& sk | TranaCont1 O, sy, 8% 8% 8% s W ‘i"'“" Bag& Papr 68 6 65 68 344 s | Unton Of1. 0% 2 0% 108 108 gnlon Pacific 0% 118% 119% (s 134% | Unfon Paciflopt. 61 &1 @ 7 128% 124 ‘nflrd Fruit.. 110 110 110% 74 1%|United Retail Strs. 5215 634 62% 63 o4 9% | 8Fo0dProd.... Y 1 1% B a3 STndus Alcohol. ¢ 4% 4% 4% 2% % U8 Realty. 63% 68 6 %% M| U8 Runber. % 6% a8 % 0 |USRubber1s g8 8% B% 6% 514 | U S Steel Bh T T 1% 21% | U S Steel pr <110% 110% 109% 109% g% @ UtahCopper...... 5% 6% 62 62% 3% 9o% | Vanadlum Corp... so% s0% 30% 30% 51 6L \{n-Carchem pf...70 70 0 5a% B4 |ValronCoal&cC.. 81 81 81 & % 6% | Vivadou 8% g4 8 8 o 1% TR 101% 109 | WabashpfA, 7 0% 19% 19% 04 4% | Webber & Heilbr.. 12% 13% 1% 9s 2t |Wells-Fargo Exp. 6 4% 6% 2% 1% |WesternMa. ... 9 9 9 6% 65w | Western Md 2d 16% 16% 19% an o e térn Pacific... 0 20% 20 20% 75 79 |WesternUnfon.... oy g% 82 82 109% 11 | Westhouse R& M. 417 45% 44 261 2% | WhiteOfl..... < 2% 12% §% 68% | Wickwire Spencer 10 10 sany 28% | Willys-Overland.. &% 514 0% 42% | Willys-Ovid pf.... 255 25% 25% 5t B4 | Wisconsin Central 25% 2513 25% 6% 6% | Woolworth....... 120% 120% 118ly 119% 151 15% | Worthington Pmp. 39% 39% 39% 3% 2% 8% Hi igh. Low. La 2:& o Call Money..... & 5 6 00 100 HOURLY SALES OF STOCKS. a1% 8% 1lam.... 127600 1p.m.....213900 Mm% nw| 12m. - 265 600 2 p.m... 313 800 " 2% ———— 4 &.| LIBERTY BOND NOON PRICFS. 3 W'| NEW YORK. October 21—Liberty 35 |bonds at noon: 31.s, 92.00; first 4 % 2021 9300; second 4s, 9. bid; first 41,8, 93.20; mecond 4%s, 92.44: third $1(s. 94.80: fourth 435, victory 38, 9% % 464 2% 6% 13% a € 10% 2% 1 26% 2% 6% % 10% 160 % % 2% 18% 1% 8% 3% 2% gifldgfig;ggg:tfl!s-ti & Eglltq “pgeszyzacy - 48% 99.44; victory 43%s, 99.50. DIVIDENDS DECLARED. t Stock of Paye Record. a Consolidated Ttilities Co.. q. pi. $1.50... . Oct. 20 Nov. 1 National Lead ' Co., X % eter Corp., q. B0c. 13 Warwick Ymn & Steel , 30c 31 Nov. 15 Power 1 Nov. 15 Power Co., q. pf. 1 Nov. 15 et Lot B Washington Stock Exchange. RALES. Cupital Traction—25 at 87% Washington Railway and Eiectric com.—25 at 20, 15 at 26, 10 at 26. AFTER CALL. pitul Traction at 8T Wasiington Gas 73 08, $1,000 at 103 at M at 1083, at 0&, Capital Traction 5s—3 at 87%, 3 at 87%, 7 at 88, Capital Tractlon—25 at 88. Lanston Monotype—10 at 72. Money—Call Ioans, Ba6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked. American Tel. a T 8115 Ame Te w0y Aw. Tel. und 7Tel. etl. 01y | Am. Tel. and Tel. con. 102 | Angcontia and Potomac : K Anaconti k3 hesspeake and Potor £ | Capital Traction R. 58 { City and_Suburbn B8, £ Metropolitan R. R. 5s. o2y Potomac Electric Light 5. B 9% | Potomac Electrie cons. B 51 5% | Potomac Electrie Pon ) | Potomac Elec. Power % Alex. and_Mt. hington Gas hington Kwy. . Rwy. and 3 B MISCELLANEOUS. Realty 5s (long) tealiy Os (short) Washington Market 5 Washington Market W. M. Cold Storage 3s... STOCKS. PUBLIC_UTILITIES, American_Tel. and Telgu. Capital Traction Washingtqn Gas Norfolk_and Wash. Steamboat Wash. Rwy. and Elec. com. Wash, Rwy. and Elec. pfd NATIONAL BANKS. American Capital Columbia % 8 3 1B% 9% 41% 0 2214 88 103 % 2% 18% ¥k 7 % 18% 41% 8% 18% 13% 110% 547 | 39 104 1% 1% [ % 1% 19% Farmers Federal Liberty | Lincoln N Washington TRUST American Security and Continental Trust . tonal Savings and Trust lon Trust . ‘ashington Loan and Trist SAVINGS BANI Commerce and Savings. { East W { Merchants’ . 1 Becurlty Savings and Com. Seventh_Street . i ingn MPANY. rust.. 218 100 FIRE INSURA Amerfcan Arlington Firemen's National Union : TITLE INSURANCE. Columbla Title .. Real Estate Title . MISCELLANEOUS. Columbia Graphophone com. D. C. Paper Meg. C Merchants' Transfer and Storage . Mergenthaler Linotype . 0ld Dutch Market com. 0ld Dutch Market pfd. Lanston Monotype Becurity Storage Riogton Marke Bx-dividend. FOREIGN FOOD COMING. NEW YORK, October 21.—The freight steamship San Benito, on her maiden trip to this port, isl due today with an unusual cargo of 1,600,000 pounds of Vafencia onlons, 220,000 pounds of Spanish figs and 650,000 pounds of Almeria grapes, kept cool in a temperature of 50 degrees by fans in a compartment amidships, which also eliminate all gases ac- cumulating in the cargo holds. “The ship's arrival,” a big dealer say: s an epoch in the history of fore!gn food importations. If the United States had 300 steamers of her type American consumers would enjoy South African, - Australlan, South American, Chilean and Turkish. fruit products now impossib] ward without refrigerator ships. —_— LONDON WOOL IS KEEN. LONDON, October 31.—At the wool auction here 10,380 bales were offered. Trading wes keen. There was more continental buying. Virtually all the stocks were sold. Prices for the coarser descriptions showed a harden- ing tendency. 000 ‘nt 103, $1,000| asiiingion Rallway and Electrle 45—$1.000! IRAILS ARE SOFT; INDUSTRIALS HOLD Action in Oils and Utilities Shows Confidence—Steels Are Slow. BY STUART P. WEST. NEW YORK, October 21.—Prices moved with much more irregularity on the stock market today than they had yesterday or the day before. Not a8 many issues displayed strength, and there were more points of weak- ness. Yet, despite these declines in Individual stocks, the main part of the market properly could be describ- ed as consistently steady, recording no lessening of the quiet confidence underlying the surface which hus been characteristic of the market for the tast month or more. _This confidence, however, applies rather to the industrial st than to the rails. The position of railway in- vestments will not at all be clear un- til it is known whether the roads will be allowed to operate under conditions at least as favorable as those since July 1. If they are compelled to stand a further lowering of freight rates and have to bow to pressure against en- forcing the supplementary 10 per cent wage decrease, then the outlook for all but the strongest companies will be_dubious. It was the fear that the railroads wouid have to accept this mode of set- flement, v disappointment er the exterday’s eonfer- ence at Chicago. which was back of the seliing in railway issues today. This selling wax not as heavy as that at the close: of last week, following the fs- suance of the strike ocder. but it was sufficient to bring about losses of a point or mois In some of the group. While causing special weakneds in the Eries and ore or two other of the low-priced “esues, Buying Back Steels. A good deal of the buving in Re- rublic Steel came from sources close to the inside ayt to know the present earnings position. This fact lead, in all probability, to what ®oing on in shares of the independent companics generally. Ineiders are re- placing Ines sold out at higher prices, not with the idea of any immediate advance, but simply on the knowledge that the third quarter marked the vely bottom of the depression and that earnings from now on will be better. The best opinion is that the recuits for the fourth quarter will be a decided imnrovement over those for the three months ending September 30, that it will not be until next spring that the steel business gets back to normal. Depnrtment Store Stocks. May Department Stores went up rapidly ou the statement printed ves- terday that the dividend was likely 1o be restored to the full §$10 basis. The stock is now paving $%. The company's business has undergone de- cided improvement and for the pres- ent year it will show something like $23 a share earned. The rise in May brought increased activity into Asso- ciated Drygoods, at advancing pr This campany has been doing a good business, but the lower prices at which this hase been taken have some- what reduced the total revenue. It has been unofficially stated _that profits were running at about 75 per cent of what they were a year ago. This would make the $4 dividend on Yirygoods common secure. Big Four. | _Clevelana, Cincinnati, Chicago and {St. Louis (Big Four) shares were {again in demand today. Their {strength In face of the uncertai fluctuations in the rest of the railway list pointed to some special explana- tion. This _explanation is rather difficult to find in the earnings of the company, which, although fair, are nothing wonderful. But it does ap- pear that the recent buying has come from the same people Who were in Nickel Plate common when it had its remarkable advance against the gen- eral railway market. Rafl Shares Soft. Railway stocks were inclined_to sell off, ostensibly because the Chi- o meeting yesterday had failed to accomplish anything toward the set- tlement of the strike. This, however, was only a superficial The main point was that the possibil- ity of the Labor Roard's being able to do something with the unfon repre- sentatives had been used yesterday s an excuse to bid the Tails up ainst the short interest. With tion was weakened, 0w once more the misgivings « felt lest the authorities at W ington force an adjustment which will diminish_the earning power of the roads. Canadian Paciric, although not directly affected by the problems con- fronting the American lines, went down rather easily. Exchange Easier. Industrials in the main. gave a good account of themselves. While not advancing any further, the oils were persistently hought, and so were the steels. A variety of special- May Department Stores, Associated Drygoods, American Ice, Burns Bros. Coal, American Express and Famous Players. In most of these the motlve behind the buying was a favorable earnings position. was the thought that strictly do- mestic companies—that s, those which have no concern with the for- eiwp demand and the state of the export trade—are better fixed than those which are not wholly de- {pendent upon the home market. Con- 1 sequently the stocks of such com- panies are free from uncertainty re- garding the future course of things abroad and their effect upon the ex- .| port movement. The recovery in German marks from {their low of .0052 to yesterday's close jof 0063 was deperident upon the buy- !ing in of contracts for the decline, as became apparent today. Another rush of selling at the European centers {was followed by fresh selling here. The result was a swift decline, which carried rates down again below the 1.0060 level. The break in German ex- {change had a moderate effect upon sterling and francs. PARIS BOURSE DULL. PARIS, October 21.—Trading was dull on the bourse today. Three per cent rentes, 5§56 francs 15 centnimes. Exchange on London, 54 francs 16 centimes. Five per cent loans, centimes. z ‘The dollar was quoted at 13 francs 71 centimes. —— PERU SEEKING LARGE LOAN. NEW YORK, October 21.—The re- public of Peru is negotiating with a ‘Wall Street banking group for a lcan of $25,000,000 to $50,000,000, to be issued in Installments, the proceeds of which will be used to liquidate the government's tax collecting and salt companies, complete sanitation proj- ects and purchase shares In a state bank which it is proposed to set up. Peru has sought to borrow in this market for several years, but Amer- ican bankers have shied off on each occasion because of the unsettled political and financial situation in the South American republic. —_— FOREIGN BONDS. Quotations furnished by 'W. B. Hibbs & Co. Prices at noon: 81 franc 45 PP Bad. Aniline 4%s 11 AL El Ges. 4348 10% French 4. 49 On-n&lgil:&;nl:fl; FEEdZ ; xpianation. i ties came in for attention, stocks like | But there also | Noon prices reported to The Star over dirsct New York-Wushington wire by Redmond & Co. French Government 85 194: 90% French Government 7igs 1931 o 93% Government of Rwitzerland S T aonig Kingdom of Eelgiu 101 United Kingdom 51, 915 United Kingdom United Iingdom 2 United Kingdom 51 American_Tol, 2 i, A Atlantie ‘Congt Line Gar . 1o B Atlantic Refintng. ¢, Atlas Powder Co, Tra 1 Bultimore and ¢iio Haltimore und Olhio Balfimorw and Ohlo §. W. Div. ¥ Rethlchem teel refd, bo.. Burlington (N. PG, N. Jt.) 6 Canudinn 3 "6 1046 Canad:an 5 | Central Tu, Chesapeak Chesnpeaks aud Ohio conv. 3 ; and_Obio ‘g Chesapeake and Oifo cony. Chi., Mil. and 8t. Paul refd. $%x. Ch . unu”.'lt. Paul conv. 434y, G iwestern 7w 1930. Chi., Rock Island amd Pacific refd, Clicago Union Station & Conxolidated Gubn Cane 73 ... claware and Hudwon 7s 1930 Dulunt 7h5x 1931 Erie g Al lien Ax. l}'nll'ml lectric 6. . Goodvear Tire and Kubber Co. Ky 1841, Grand Trunk 78 rect.. Great ihern Ts linois Tnternat I R pid Trasit Ix .8 e und Nasiville 7 1630. orl, Knnxas and Texas 1st 4x. . Misvouri’ Pacific New York ¢ 1930 New York Central deb. 6 New York Telephone tx Norfolk and Western . Norfolk and Western conv. Northern Pacific 3y Puckard Motor Car ( Pennsyl Pennsyl Penns; Penns; Reading gen; Bt. Louis a. St. Louis uad | Kt Louix and & Seavoard 65 Grain, Produce GRAIN AND PROVISIONS, 1023, | T aiin | BALTIMORE, October 21 (Speeial). | —Potatoes, new, 150 pounds. 3.254 3. No. 2.00a; 100 pounds, 2.2522.7 3 yams, .2503.5 ; 150: bushel. 75a1.00; beans, bushel, 60a1.00; by 1212a333: brocoli, bushel, g bace, ton, 0N0a40.00; carrot bunch, iulifiower, barrel, 4.00a6.00; 00. crate, 2 dozen, 15a30; cucum 1.5002.50; egxplants, bask lettuce, bushel : dim bushel. 1.75: onions, 100 : parsnips, bushel, basket, 10230; pump- : ¢ cabhag hel, dozen, Corn, shel, 25a35; beans, pounds, 7521.00; peppe: | King, bushel, tomatoe: Ket. 63a70. Apples, packed, No. 2, 2.50a5.00 100 pound 2.25a2.7] spinacl basket, 40a6 barrel, bushel, box ap- barre “hasket, 28a32; 20 pounds. . grapefruit, Lox, 3.50a4.2 oranges, 1.00a5.50: pears, bushel, 1.25a 4.00; quinces, bushel, 2.00a3.50. Selling Pricen at Noo red winter, spot, red no winter, spot, . 2 red winter, i: October wheat, 14; November wheat. 1. Jes—626 bushels of No spot. at 1.021, bushel. New vellow cob corn is quoted at 350 per barrel for defe ment. Contract corn, spot, corn, yellow, No. 2 or better, 60:61. 1 None. 2 white, new . as to weight, i Rye—Bag lots of nearby rye ! quality, 80290 per hushel; No. 2 west- ern export, spot, A8 per bushel; No. | 3, no quotation. | Hay—Receipts, 13 tons: range is i8till 16.00a21.00" per ton, with very little demand. Low grade hay is not wanted at any price. Straw—No I straight ry INo, 2 straight rye, nominal wheat, 13.00; No. 1 oat, 14.50a15.00. CHICAGO, October 21.—Active buy ing, ascribed largely to a profession- al speculator here, had a bullish ef- fect today on the wheat market. Of- ferings were readily absorbed, and the rising prices made some early sellers run to cover. Bulls appeared to be Lasing their operations more or less on expectance that the Presi- dent and his cabinet would find a so- lution for the threatened general railroad strike, Opening quotations, which ranged from % to 1} higher, . nominal; 1 No. |ith December, 1.0412 to 1.05. and; May, 1.9 to 1.10, were followed by 2| material furthes advance. Corn and oats shared in the strength of wheat. After opening % to 1z higher: December, 451 1o 46%z;, corn jeontinied to ascend. Oats started unchanged to % higher; December. 2% to 22%, and later tscored ada Zains Higher quotations on hogs helped to {strengthen provisions NEW YORK. Octot middle west, 29.60. unchanged. ICAGO, October 21.—Later FEu- rope was said_to have taken 1,000, 000 bushels. It was said also that| for several days the market has been n: r 21.—Lard. firm Other articles i acting oversold, and that today's up- | turn was not surprising. Wheat! prices closed strong, 21z to 4 met ihigher, with December 1.08 to 1.08% and May 1.12% to 1.12% No important corn setback ensued. The close was steady, to 33 met higher, with December 457. WHEAT— Open. High. Low. Close. Lidle 1081, 1043 Toe\ 1123 109 CORN - 461, December COTTON MARKETS. NEW YORK, October 21.—The cot- ton market lost a good part of yester- day's rally during today’s early trad- ing. There was evidently less opti- mism over the outcome of the railroad situation, while the later cables from Liverpool showed sharp reactions from an early advance. The opening was barely steady at a decline of 20 35 to 47 points net lower shortly after the call, with December easing o 18.39 and January to 18.12. Private cables attributed the decline from the early advance in Liverpool to Amer- ican selling and liquidation. Futures opened barely steady cember, 18.50; January, 1 18.05; May, 17.65; July, 17. LIVERPOOL, Ontober 21.—Cotton. spot in fair demand, prices stead) good middling, 13.44; fully. middiing, 12.94; middling, 12.64; low middling, 11.34; good ordinary, '10.04; ordinary. 9.29; " sales, 10,000 bales,” including 4,900 American. Receipts, 20,000 bules, including 12,400 American. Futures closed barely steady. October, 12.1 December, 11.83; January, 11.7 March, 11.61; May, 11.34; July, 1L14. Members of the Cotton Assoclation will vote Monday on_the question of holding sesslons on Saturdays. Since the war the exchange has remained olosed on Saturdays. NEW ORLEANS, October 2L—The one trading influence in the early hours today in the cotton market was a private report of 52700,000 bales ginned to the 18th of October, which, it was claimed, represented only 74 per cent of the total crop. This was more bearish than gen- erally expected and caused heavy | selling. At the end of the first half, hour of trading prices were 43 to 50| points under the close of yesterday, with December off to 17.77. FAIR WOOL BUSINESS. BOSTON, October 21.—The Commar- cial Bulletin tomorrow will say: “There has been a fair amount of business done in the eastern wool markets this week, Including both fine and medium to low wools, as well as greasles and scoured. Prices are steady, with desirable low grades tending upward. The goods market is without material change. Foreign markets are strong, and' Australia and New Zealand have advanced at the resumption of sales this week, more or less in line with the rise in - prices in London, where prices-have been firmly maintained.” | United Bcnten Steel 8. Live stock—Calv. hot 1 Warren Bros. .. : 12; lambs, cholce per b, 8%a%: b Wayne Coal - Doy 32 lambs, . per Ib., 8%a9; hogs, | Wiyt Coal . b 5t West brd C5 D w 81st Issne of Stock 1157een fruits—Apples, per bbL, 5.50a =R Being Recelved w‘-‘“‘v‘mpe;”h::hclz hnsk&} “24(‘110,.3.2‘ oIL STOCK | Sh : { western, X, 3.0025.00; California ! lemons,” per vox,” 6.00a California | Quotations furnished by W. k. 11 Ares, $2.50 Per Month Qrangee. per crate, 6.9a7.00; pears, 250 4 Per Cent latercst . s Ke”; quinces, per bushel basket, to 35 points and active months sold! g, FINANCIAL. CURB STOCKS. Quotations furnished by W. B. Hibbs & Co. 12:15 p.m.~ Seaboard Air Line refdg. 4s 5 = Seaboard Air Line adj. 58 3 | xetwe Expiosives T4 " dsked. Sincluir Conx. Ol Corp. Tlas 9% 1 Allied 011 5 Y H Houthiern Pacific Ist ref. ds. 78 o Southern Pacific conv. 48 o Southern tailway _ ge ouig gk etk e T s Bg; | Botion and Montana Tnion Pacitie conv. 4 881 | Unlon Pacific Gs 1928, Unfted Ktates Rubbar 5% United States Kubber 1' Vneunm Ofl Corporation 75 1986, Virginia-Carolina Chemical 7lgs 196 Western Union 614w 1036, Wilson & Co. 1st Os.. SHORT-TERM SECURITIE! (Reported by Redmond & Co.) ities Rervice (o; l.) ommonwealth Finance ntal Motors Tel. & Tel. Go 1922 American Tel. & Tel Gold Amerjran Thread C via Dal American Y 101%, | Lominio 013 "Durant | Bk Hasin 0 Co. per 6 1920 L. Anglo American OIl 7159 199500 Armonr & Co. Tx 1930 . - Rethiehem Steel 7s 1 Bethlchem Steel 7s 1923, al 01 iy Central Argentine 6a 192 2 Chicngo, . I. & Pacific e 1922, ., C. & 8t. Lonis 6e 1920, of New York 8a 1921.100 816 xport “‘A’" §x 192: 10015 xport A" Re 193,000 1071k xport A" 1924 Export AN Ly 1925 Packing » 1923 . Goudrich Ta 1925 tal it Internutional Petroleum Jerome Verde NN e Oli Corporation T4 1623, Ky County Ga N . J. Heinz 7s 1939 Luke Torped, king Valley 6x 19: Lone Sinr Gay, han 1 Cent 1 1923 Magma Coper Kenneoot Conper 7a 1030 Muracaibo il A day Liggett & "~ 1003 : 1007 Midwest O1f Midw, Sh 1336 N. Y. Ave. EQUITABLE Co-Operat've Building Asscciation Organized 1579 YEAR COMPLETED .$4.303.838.65 e 81,097.900.91 Join the Equitable and Save Systematically an mils systematic plan W uplish_much way. Jolu 1 Rears, Mountain Producers o e I Xonss e South o1 | Now onTe 1 N 007 | 1001, foz4 0214 20112 10354 and Live Stock : LOCAL WHOLESALE MARKET. gRs—Strictly fresh, pe 5 average reccipis, s T 0% m’.’-f;v." Pouitry—Roosters. per 1b., 18; i ]'hy , Wzrfi!bh 38a40; chickens, spring, Young, cia28; hens. per Ib., Zia2i; keut Dressed poult Sk ry—Fresh killed spring Ghickens, per Ib., 30a34: hens, per Ib. roosters, per’ Ib., 22; turkeys, per - keats, young, each, 80a75. ‘ork—Dressed, small, per Ib., 12a13. North Amer. P Nortiwestern 011 Omar Ol (new) Pennok 01l Perfection Tire Producers und Kadio com. . Ttétine 1; Awnets Surplus . Tonopah Exten United Eantern . © . Light and Teat com 8. Light and Heat pfd Thited "Profit Shariug C. K. Rniy Corporation. U0 K Nteamahip United 1 Subacriptions for the ) Rrapefruit,’ 4.25a4.50. Vegetables—Potatocs, new, No. 1. Per bbl., 4.00a4.50; per sack, 3.75a4.0 EQUITABLE BUILDING 915 F St. NW.. oL, Polatoes, ‘per bbl,’ 2.75a3.00 : New ‘e, nearby, per crate, 50al.0 Cumberiund Pipe Live. JOHN JOY EDSON, President New York, per’ crate, 75al1.50; celery, | Eureka Pipe Line.. P REESIDE. See’y, per doz., bav.oo; romaine lettuce, 1. alena-Rignul Oil o .50; cymbli 2 " | Gaiena Sigual 01 Co. pfd sDinach, per- Bbl. 3.008500; onions, |Limols Bipe Line Co.” per 100-1b. sack,” 5.00a5.50; ~cabbage, | Mayans, ibe Lise Co 2.5023.00 per bbl; cucumbers, 5.00n :;;g..";inlanxnfi perM':rnl. 2.0022.50; g s, per box, 1.00a3.50: corn, 208 3 ; 0 per d J Our connections locally and in 0zen; beane, 5.0047.00 per bbl.; other cities enable us to furs lima_beans, 35a45 4 25230 per 'quaar:f““ PELSQUALE EPROULE: iy, + in any amount for Solar Hlfin{ln‘ Washinezton Real Estate- En- CHICAGO LIVE STOCK MARKET. |Sonthers finn. terprives. CHICAGO, October 21 (U, §. Bu-.|Scuthwest Penn. 3 x Fairfax reau of Markets).—Cattle—Receipts, | Standard Stone & Fairf; :|3:000 head: generally steady; nothing | saiiard N A choice here. Top good vearlings, | & 10.50: bulk beef steers, 6.00a: bulk butcher cows and heifers, .2 Standard 011 Co, wun & Finch Co. ion Tank Lina (o, ugm 0l Ce : Washington Ol Ca. ) canners and cutters, mostly 2.50 bologna bulls, mosily 3.40a3.83; and light calves, to packers, 11.50; to outsiders, 09 An Exhaustive Analysis of Missouri Pacific ined o re and upon te, 19,000 head; fairly active, 10 to 25 higher than yester- day’s average, packing and mixed con in LOANS ON Teview Fogs up most: top, $.25: bulk lights RO VR G ) LIBERTY BONDS = 270 to 3 pound: sows, 6.2526.6 Bonds bought and Sol | A.A H &C balk heavy. packing sows, 6.25a6.¢ L Tegisterea or Coupon. 1§‘. i ) £ ady: bulk desirable, 8.00a8.25. ibe: it N 1 Sheep—Itcceipts, 18,000 head: fat ‘r:‘y pond Exchaage 2o Braad Street iflem ek lambs, "steons to" 23 ighers oiners AHAESEINAYe B MEMBERS: : ady: first eales native lambs, to ) 7 E i b 5 packers. $.00a8.25; to shippers, 8.50; $5,000 Life Policy, $57.35 £ in Yotk Stock Exehamee (S one string medium western fat lambs, | Aze 40. Send date of birth for ilustratinn New York Cotton Exchange steady &t 7.75: hest not sold: good| Established 1865, Assets over £170,000.000. ‘ew York Produce Exehange to cholce fed western_ewes, 4.60a4, feeder lambs, early, x DAIRY MARKETS. BALTIMORE, October 21 (Special Chickens, alive, springers, pound, 2! rough and white leghorns, 21a2 M. LE ROY GOFF, Insurance Adviser All branches oodward_Ruildinz. M. 340. . Coftee and Svgar Exchange & Chirizn Ponrd of Trade 4 Axsaciate Membera of Liverpool Cotton Awsocintion i Washington Office g Room 15 Years —without the loss of a single old hens, 24a27; small and white leg- 1 ith horus, 20a23; old roosters, 15al6. || Inivesat 1s eoie ane s tar oAy 00 RIDO! e e B e | e e Ly | R R UL DING 80. 'Turkeys, pound, 35a40. &cod WOODWARD BUILDING Eggs, .loss off, native and nearby, 0: Telephone Main 2040 g CHARLES R. ALLEY. Mgr. & 77 r Gilt-Edge First Mortgage Loans No_Investment Better, Few As Good. Send for full details. Certi- fled titles and insurance pol- firsts, dozen, 4 uthern, 47. v, fancy, pound, 44; nearby creamery, 4. 2: rolls 26 Store- dairy prints, 25a30: proc- ess butter, 3436, ! LIBERTY ISSUES Butter, cream prints, 49a51; h Ml W o sideration to all our clients. of a Notes from $250 up to $10,000 WERE AGAIN FIRM i CWG::;;Z Chas. D. Sager a Loss i Loan Dept. M 36 NEW YORK. October 21.—Renewal 923 15tk Why Our First Mortgages of the buying movement in liberty bonds and a keen demand for some of the foreign government issues were the fea- tures of the bond market today. The advance in libertys ranged from 10 to 0 cents on the hundred dollars. Vie- tory 4%s were also higher. In the foreign division, the French municipals continued to be absorbed, un- | der the impression that they will be retired like the Paris 6s. City of Lyons and City of Marseilles 6s made new highs as they reached 87. A fresh top for the year was estab- lished in Danish municipal 85, series B, | and in Swiss 8s, which got up to 109. | Japanese government 4s arose a point. Mexico 5s were strong early in the ¥, but later regcted when word came that the representative of the Morgan firm had left Mexico City | We know good morts gages when we see them: We have been picking them out successfully for over a quarter of a century; We know how to take care of all details. Money to Loan Secured by firat deed of trust op real estate, Prevailing interest and_commius} | ion, Joseph I. Weller ‘,f,':,‘w‘;,",,: By Are Oils a Good Buy Now? Bvery investor should be familiar with recent among the leading «il stocks. have occurred that are likely to_affect your position with to buying. selling or holding. You d know what these changes are. You are assured of an absolutely safe investment and one where the interest payment is NEVER skips ped, but made promptly when duc. survey contains reviews of recent de- without reaching an agreement with ts in the St In amounts of o and the anthorities. there reaarding. the! zzfi New Jerscr, Toutane. end ety handling of the external debt. It| i3, a3 well as Royal Dutch, Texas Oil and Magnolia, hnnodm.; Write, today for a free copy of “Invest- ment"—the o1l iseues” = KRIEBEL & CO. Investment Securities 137 South La Saile SL, Chicage was stated, however, in the same dis- and more than a patch that this did not mean a rup- ture in the negotiations, which are | still regarded as likely to have a favorable termination. Railway bonds were variable, with a serles of small net changes both ways. St. Paul 48 of 1925 recovered a point, while the debenture 4s were making a new low around 53. Vir- ginla Railway 5s rose a point and Missouri, Kansas & Texas 4s, which had reacted from around 67 to around 64, reached 651 again. Baltimore & Ohlo 4s were stronger. “Big 47 4-12s Higher. Big 4 debenture 4%s went through their previous high of 1921. The strength of these bonds coin- cided with special strength in Big Four stock. 8t. Louls and San Francisco in- comes, Missouri Pacific 48 and Loui: ville and Nashville 7s were all lower. Among the industrials American | Smelting bs equaled their high of the | year when they reached 801, and. ‘General Electric 68 got into new high | ground, crossing 104. One of the fea- | § tures was the first important recovery ' in Atlantic Fruit 73 which they have had in a long while. Against their recent low of 25 and yesterday's close of 265 they got above 31 Nothing developed in the news of the day to explain this recovery, but it .was taken to indicate that some- thing might have happened to im- prove the status of the company. Dnited States Rubber bonds were | steady, despite the heaviness in the | stocks. Chicago Union Station 4%s] were a half point higher. Detroit Bonds Sold. Considerably more than two-thirds of the $9,663,000 city of Detroit offer- ing to the public this morning had been sold this afternoon. This mu.l f up. B. F. SAUL CO. ! Mortgage Loans | 1412 Eye St. NW. Main 2100 Boxes Are $2.50 a Year —for good Size boxes. Larger ones in proportion. Ready soon. Make your reservations now—they’re go- ing fast. Just another rung in our Ladder of Service. The Second National Bank “The Bank of Utmost Service” 509 Seventh Street, N.W. copsisted of 5 to 5% per cent bonds for general In:lnvomt and public utility purposes in Detroit.