Evening Star Newspaper, March 25, 1922, Page 18

DSBURSENENTS | BOND AND CURB MARKETS. Curb. Bonds, (Quotailons furnished by Redmoud & Co.) | By tha Assoclated Press. : 2 U. 8. LIBERTY BONDS. 12: NEW YORK, Mareh 55.—Following u.s 0118 & complete list of today's transac- : I3 ‘80 tions on the New York Curb Market UP to the close, with sales of each is- 8ue and the high, low ard last pric INDUSTRIALS. Will Totai, Including Pay- ments on Unlisted, Over 31 100 Amnal Leather pld.. 4 Teg Argentine 7y’ 1 100 390 British-Am Tol 1% 15% 1 $1 ,000,000. Neletum 8 o 1081 | 2300 British-Am Tob cou 15;: m: b _ Dominion of Caui 102, ves, | 20 (ar Light ......... %7 23 I8 ¢ BY L A. FLEMING. Republic of Chile ¥s 1926. wi% | D Oellulola 106 106 108 o | Denmark s 1942 Fit Cent Teresa Bug... 8% 8% 8 Disbursements of interest and div- 100 Columbia. Mot.. 1 bt 4& fdend payments on bonds and stocks — m.\,,,’;,g:";{l"ll;;;-: as o listed on the Washington Stock Ex- 1084 [ 200 Durant Motors [nd. 125 13% 12 change, payable April 1 and within & : 3* 200 (loe Mh&a‘- 190 1:2 130 few days thereafter, will total close Geewnsiami 6s 1043, 100% ~ to $196,555, some of the figures belng o de duneo bs 104 el ad estimated, as there is no way oOf | United Kingd: . 1040y fl::: {ludwn Man. 8% Kknowing just what proportion will be | phited ik log | 0 T P i 1 i aid here on government bonds or|.Ajax Rubber s 1003 | 500 Jul’ Kayser. .2 = . 8! s ¢ Telephone and TFelegraph shares. I a8 ’12 To this there will be added distribu- | Awcricu ', & i cul, Su % 4k i i rmour & Co. g 2 e o L Tule e e AR e S5 b U 1 1 hat will more tpan wake - | Atian xt Line 15t 3% I * 21 tribution an even million dollars, | Atiautic ‘Neficiug' 1y 1991, T R A LR I while Washington holdings in out- fi-’-'x'vfmf.:-““". “'.a,, i Rtadio Corp pt-oor. 3536 g‘. slde securities will return sufficient | laltimors wud Oufo cv South Coal & Tros. 100 o " dividend and interest funds to mate- | pii{iore aud Gheo 19 Sterling I wi o1s rially increase the disbursements. HEH Swift Tntern 208 208 Local distribution will not make U S Distributing. 1y 1% rny material change in bank deposits. n, o1 as most of the funds will go back 5% 5% into the banks before many duvs. 3. 8 even though a large part of it should RO be reinvested in local securities. | which is u probability, so desirable are the listed securities at this time, when money is not as generally em- ployed as usual. The heaviest distribution is made Ly the Riggs Natlonal Bank Un its semi-annual dividend of 13 pef cent on its shares, which call for $130.00 The Amerlean Security and T per 62 8 Company will pay out its usua ! A . L. 6s 105 000 for the qpnmrler. Banks make | {Ubs ane Sugar ©e. ... suarterly or semi-annual disburse- i pgRERIT & hents at stated periods and the hianond Matcl Muajority of the institutions do not{bn Pont Ti report with April 1. > Duquesne Ll The disbursemenis of the different Lriv generg) lien 4o 160 cdEporations’ tollaws: Generat Electric (. 1940, Interest on Bonds. STANDARD OILS. Imiperial Ol Can.. 0815 L Indieza Pire Line. 101 1000 101 Stand Oll of Calf &7 86% MoK Standard Oil of Ky. 890 490 490 INDEPENDENT OILS. 1400 Arkansas oxton W e | ho lrazog O ok 52| 100 Carlh Syndicate .. !E'- Service tiew X E 107% | 2300 Collonr 11t ral of Georgia 6 ‘entral Paclfie ix 1049, “hesapeake and Okl e “hesupeake aud Oho o hile Copper s 1982 et K Coll! ole Sradicate J000 Cushing Petroleum . 1900 Federal 0il 100 Fensland 0] 0 Gilllland O 00 (Gienrock 1l 3800 Hudson 011 . 41 International ‘Pet.. 151 Keystone Ranger .. @3 700 Kirby Petroleum .. % | 1000 Livingston Oil ..... 957% | 1300 Lyone® Petroleum .. 94 Hudson and Man. Illinols Central 5in Int. Marine s 1 ‘old Storage bs i 8% | 400 Maracal g Total interest - ited -4 00 Maracatbo i . =, Ttility Dividends. 100 Merritt 0i1 108 - 2300 3lexico 041 . .8 100 Mountain Producers 1! *American Tel. & Tel. . Capital Traction 5 o 5 ! Liggett & Meyers 7s 1044, 1900 M XU& W, Steamboa | Lofeviiie and Nashs 3 | 103500 Nobje 01 o 3 Mexivan Petroleum & 1083 | 1200 Omar Of1 . g Total e e LK. & T. Ist 43 1000 pulps e a1 Bank Stocks. raciti son. 4 aboard . 113 o National . ‘deb, 6s 108500000 oy ol ",'& LOH. &P 48 and 01 of T 1 55 xas Ranger . P o 1o Wileox Gi%:0 i I Lo, Vil and Gas.. 20 MINING. Anglo Am Corp.... Alkaire Gab v . %e . s L Beleber Ext Lo Savings anks. IR Ledge. 21 o & i 5 Secority Navin | Ponnar TR fen 3% ! Hurony¥ Mont Dev. 38 and Commercial uion Saviogs ....... Butte-N Y Cop Co.. T nited : Cannda Copper. Candelaria” Minf | Penna. R R. | Peuna. It K. tates | Washington M { Penna. R R. 78 193 Q | Db Service. of Commer*(one Total Cortez Bilver, Dolores Faperans. KT Salvador. | Eureka Crocsts. Goldreld Conwnl ... Goldfieid Florence. . Hard Shell Mining. Harmill Divide .- Hecla Migl; Mixcelianeous. Seeurity Storage Total Trost Companies. American Security and Trust Continental Trust Union Trust ... Fotal *Estimated Dividend Declare jon Pacific ts’ 19 { Union Tauk Cur 7s 1930, ivirectors of the American National | United Drug 8» 1041. 8 Bank have declared the regular uuar-i " 8. Realty and I E B3 teriy dividend of 2 per cent, payable | U. 8. Rubbe »r a* April 1 to shareholders of record. |l % o8 o3 Mdreh books remaining closed | \' 0 ur from the 27th to 31st, inclusively. LW = 95% | 7000 San Toy Mining. o ot Wil Follow Advanees. nCalas 1080 1088 | "o Koutn Anp %n % I5. H. Gary chairman of the direc- . Tk 19310 9% | 3000 Jiowact Mltox - o 19 S Tnited States S s E % y- 5 5 tors of the United States Steel Cor R SECORITIES, 400 Tonopah Divide a0 P e poration. declared this morning that | the corporation would follow the | —Close.—— | 500 Tonopah Mining 1 action of the independent producers E Bid. ofer | 4000 Teck Hugh P in advancing the prices of products, | Aluminim Co. of A. 7s 1025 192 6 102 0-16 1100 United Eastern 15-16 1 15-16 1 15-16 so that if there was no great profit | Am. Tel & Tel. 6s 102 - 1001 100% | 2200 Voleano 50 4 30 1116 1116 1116 100 Tonopah Extension. 1716 1518 1710 11316 1 Am. Tel. & Tel. Gs 19 01011416 10155 | 1000 West there would be no great lossos. p ; " Yoo, b Independent producers have ad- | Auerian thread Co 0% lois BONDS. yanced the cost of plates and bars | American Dy 102% ® Allied Packer 6s... 71 015 71 $1.50 per hundred pounds, Pittsburgh, | Anaconda Copper 6s_1929. 083 90 ;filn-hun 7o 33.... 1031 10315 108% and have made some other increases. | Anglo-American Uil T 1925.. 108% 108% | 8 Am Lt & Trac 8a. 1034, 105 = 106 M. G ted that ‘there was |Armour & Co. 2% 108 m Tal & Tel 66 33 100% 10043 1 r. Gary asserted that there Was |y, nienem Steel 7s 1933 1018 101 3 Anaconda Cop Ge.. 8% 98% o8 capparently a marked Improvement|capadian Pacific 6s 1024, 1013 1019, 3 Anaconda Co 100 in business,” and added that the Steel I Argentine 6a 1031 02 8 12 Anglo-Am 0l 103 Corporation activities were about 70 (3] L. 6s 192 9L % 1 Armour & Co 7 102 per cent. The corporation wiH fol Y. s 1o 7o) Both Bteel 78 101 Jjow, not lead, in the advancing of | S o B teet 7a 101 prices. 1021 Greater Thrif: Export 1045 | During January the sales of United | {uiais Packinz 9008 | Sates savings certificates Increased : Gooarenr T. & It 03 o $9.000.000. compared with $2,245.405 ' Guif Oil Corp. 10855 m.’xs,’ «old during December, 1921. 1. A, Heinr & 14 104t | redemptions exceeded sales in De- ! Hockinz Valley et cember, there was a net gain_ of $1.- : llumbie oil - Moo, Oidos 2 Bernire 98 421,000 in favor of sales in January | Ransay LI 1023 108 13 Galena 8i la‘{,‘l and in February a net gain on the | procter & Gami 101 102 1081 same side of $2,400.000. 1T Resnods 10045 100% 8%t For the first eight months of the e 15 government's fiscal year the sales of 10003 Ploase 1033 thrift certificates were about equal to 102 102 i the sales of the entire previous fiscal i 10d 9 Inter B T S " year. 1026 107 18 Jul Kayser Ts. Local Securittes. 1o },¥§ Railway 4s sold at 69 to 68% on to- 1018 101 day's slow session of the local stock | Western Electric s 1925 108! i hanger “Washington Gas " was (IWestinghouse B. & M. 78 1691, 100K 106% Clearly the feature of the session in — an advance to 53, the high price on this TREASURY(CESTIFIOATOR. —— movement. AMaturity. Bid. _Ofter. Traction 6s 95 to 95%. | R e 1. Tigae 100% 100752 | 10 Nal Aeme T ol There was very little change in |G53zs June 15, 100 13-33 10034 14 Phila Co_8s 905 100 21-32 100%, S Phillips Pete 7 quotations. 51as August 1, 1 tember 15, 100% ~ 1001532| 10 Proctor Gam 7 ;) Personal Mention. | 3i%n Sebtember 15, 1022...0 1001116 1001516 | 14 Pub Eerv N 17, 14 Col. Wude H. Cooper has gone to [ biss December | e tap oI foia o New York for a few days. ? 102 1093 P —_— i Tl 101318 101548 102, 3 . 101 11-16 101 13-18 107y SPECIALTIES FEATURE | L e ) 118 - e e 5 tan Ol N 106% Swift & ¢ 1011y WEEK-END CURB TRADING ! it & Co Ta e daia : 3 Texas Co. 78 10135 NEW YORK, March 25 (Special).— | Osage 100 The feature on the curb exchange to 11 Toledo Kdison 103 day was Sterling Products, incor 3 Union ol e, 10g% porated. which was dealt in for th & i 92 fiest time. The stocks started at A4 'fi?" and later advanced to 41 before pro- wi fit_taking developed. The company controls many of the best known| patent medicines. The buying today | was believed to be for the account| of those who had their subscriptions e 1 ut down because of ‘the NEW YOR! March 25 bscriptions to the issue. | external loans, reaching new high rec- Acme packing was again in el- | pminated the bond market dur- lent demand and rose to a new high | 0Fds. dominated record for the present movement, and | ing today’s two-hour session. MAY mmm FIRM. continued persistent buy-| The majority of the representative| CHICAGO, March 25.—Announce- 3 Winchester Tis... URGENT DENAND - &5 = 318 Argentine 73 _23.. 0% T 14 Clty Alegre 8s.... 1018 101 ,fifi B Craine s ot 30 8% s s it Forelgn| o (iles Dn e Special Dispatcii to The Star. there wa ing of th tish American tobacco \ere SLrong. ' or mor ! Séme of the recent leaders, Including . sSwiss $s. a feature of the preced{n.‘xrl.bll & Co., which failed on March :'«l!:vl‘»y. k?‘c&kefl “_A:mu:t]:lyg.mnl;d ll;:x;lr- !day's transactions, jumped up over a7 With limbilities estimated at $4,500,- Postum Cereal gained more points when small buying ord the market” were executed e opening. Offerings were smali. iy In the oil group there was further | general activity among the Jow-i" yriced issues. Hudson oil was the 2!l et h 4 g he Dpresent movement. Mexico ojl | French government 7%s and $s also | was active, Kirby petroleum was|inade stigh. advances. i Steady, and a firm tone was shown in; liberty bonds regained part of yes- | B! o . {terday’s small losses. Maracaibo and City Service issues. e CHILE COPPER DEFICIT. DIAMOND MATCH EARNINGS. ! NEW YORK, March 25.—Dizmond| Unil yesterda Match report for 1921 shows net earn- be liquidated. Canadians Steady. of $1,671,409, equivalent to $9.85 a;cver, remained at their highest. On-|n the last th Share, carned on the stock. This com- | the siock. Gross earnings amounted |of 1943 were quoted at 105% bid, offer- to $4.603.198, against $4.332,714 in u\e%ed ot Too1a. "Manitoba G of 1950 |27%241 pounds. ST. PAUL BUYS CARS. preceding year. After allowing | were 100% tid, offered at 101; the 65 £1,357,208 for dividend requirements|of 1946 were 106% bid, offered at| there was a surplus of $314,201. 1108%, and the 65 of 1920 were 99% May 1 —_— jern Steel Car Foundry, 1,000 car: 4% 'l NEW YORK. March 25.—The actual | General American Tank, 500 cars. May 1jcondition of the clearing house banks | ———— nd trust companies for the weck STEAD Merd ‘Siz.505as0 G| COFFEE MARKET Y. hows that May requirenrents. Other Financial News on Page 17. L;‘,dicreln $1.589,000 from last No. 7, 9 15-16; futures, steads. May, 2| (2 3 ot PSSO TR A S et Bl Bl AL N Rl T 101% 101 1014 | Hudson and Manhattan is- | priee S by e- | : atlon - {members of the group gained a point [ men! SikAs o cesrEsTEs 326, wa sues. Swift International and Bris! T s esa (o Feoteaslie | rqpenting i nsesly, 86 Bir) cang CLust | onld for 8 R omt o e Loiots e ore waa better than 62 per cent. in Canada in the week In- | jounders, around 9.50; some stronger from ninety-one a week &80 | weights up to 10.0 to ninety-nine, in contrast to thirty- five in the corresponding week Of| gay's receipts practically all pack- ers direct compared with a week ago, killing classes mostly steady, heavy Sheep and best grade shorn lambs showing slight gaini Foreign | nominall: ipoint to the highest poipt touched by | 000, will be submittdd next week Ly ¢ of the foreign bonds traded in|Fred H. Kriebel, head of the concern, on the New York Stock Exchange, | Wwas made tonight. If creditors ap- ts. Bern 8s, Bergen §s, Den- | Prove of the plan, it was stated, it is Argentine. 78 and Zurich $s|Pplanned to reopen the company for tops, while the business at once and to pay the 9,000 sets” now held by the receiver could 1103, NEW YORK. March 25—Chile Cop- { per for closing quarter of 1921 reports the market here|a deficit of $1,131,862 after interest for Canadian p’lr_;wlnc_l:l bnm‘is "wn:l'ch.rgeg_ dgp{wl-uon and -amortiza- 2 : i very strong. hen it was inclined|tion. In closing quarter of 1920 the ing. after charges and federal taxes.| {o (it down @ bit. Prices, how- | campany e ',‘,m.::,g‘,: o :;;c.a%u.,lfldn 3 e o 1 the § tario 5%s of 1922 were 99% bid. of- | company treated 37,004 tons of ore, pares with net earnings in 1920 of | fered at 100; the 63 of 1928 were|gveraging 1.76 per cent copper, the | ftome $2.147,301, or $12.65 a share, earned on ;100 bid, offered at 100%, and the 68| production of cautal metal being 11,- | Madrid | Brusseis bid, as against the offering of 100%.| CHICAGO, Maroh 25.—The St. Paul The $5,000,000 Erie Railroad Com-|road has placed orders for 4,000 pany consolidated mortgage 7 per|freight cars, allocated as follows: yiay 13 cent gold bonds floated toduy were all | pyjman Company, 1000 cars; West- A old. % the NEW YORK BANK STATEMENT. |Bottendorf Axle, 1,600 cars, and the his is!| NEW YCRK, March 25.—Coffee, Rio, THE EVENING STAR. WASHINGTON, D. C., SATURDAY ADVANCE IN STEEL PRICES STIMULATES BUSINESS Higher, But Abundant Re- sources Assures Ample Credit. SPECIALTY TRAD MARKET FEATURE .. i, Steels, ] Equipments and Chain Stores Mgve to High- er Levels—Notes. BY STUART P. WEST. NEW YORK, March 25.—Such further effarts as were made in to- day's stock exchange trading in the direction of higher prices narrowed down to a dosen or so Individual issues. While these were going up, the rest of the list was either sagging or barely holding its own. The important news item was the statement by the chalrman of the United States Steel Corporation that his organization was following the lead of the independents in restoring 1 prices to a level where, if there not much profit, there was at least no loss. This announcement, however, was only confirming officially what the street had known informally for sev- eral days, and the effect had been fully discounted. Very little happened in the outside situation to influence the price mo ments of the day. Cotton continued to feel the relief from the wind-up of the March option twrading. Both sterling and marks were still waliting for the further unfolding of the reparation situation, waiting par- ticularly for Germany's reaction to the program laid down by the allied commlssion. The real feature of the day was the remarkable strength in foreign gov- ernment bonds. A large number of these, including the Swiss, Scandi- navian and South American issues, reached new high figures. The invest- ment demand drifted more and more into this quarter because of the com- ?Irldllvel)‘ high ylelds that were of- ered. Some fSpecialties. A jump In Woolworth's shares was based on an expected melon cutting and this brought a_ sharp rush in other department and chain store i sues, notably Kresge and May De- partment. Kelsey Wheel, Studebaker, Fisher Body and Marlin Rockwell scored substantial gains, as did Coca Cola and Manhattan Shirts shares. Ice, Ann Arbor and Cuban Cane Sugar easier. Washington Stock Exchange SALES. Capital Tracti 58—$300 at 05, ‘Waslington Raliw and Electric 45—$1,000 at 69, $1. at 60. §1.000 at 6875, $1,000 at G820, $1.000 at 3300 at ‘683, rgenthaler Linotype—1 at 148. Capital Traction $300 . bington Gas Light—10 at 5710 at 53, BONDS. Asked. 3 ‘96 R guar. 5s. - Telephonc 5s. Tel. of Georgetown Gas 18 Metropolitan R K. Gs. Potomac Electric lst Potomac Electric cons. e Potomac Electric deb. Ca. 100 Potumac Elec. Power g. m. 100 Pot. Klec. Fow. g m. ref. 1081; . Alex. and Mt. 'Ver. Bs.. 23 = ..... d Au. ;9;: 108 @ v MISCELLANEOUS. Rigge Ttealty 55 (long) 20 Riggs Realty 3s (short Wi shington Market bs, o ington Muarket :'I W. M. Cold gorage STOCKS. PUBLIC UTILITY, American_Tel. and Telga. Capital Tractlon ashington G Norfolk and Wash, Rtwy. Wash. wy. aud Ei American Commercial X American Security and Tru: 210 Continental Trust tional Savings and Trust 296 jon ‘Trust 118 Washington Loan and Trust SAVINGS BANE. Commerce East Washington Firemen's . National Union . TITLE INSURANCE. bls Title g:‘l'l-fll(lli Title. MISCELLANEOUS. Columbia Graphophone com Columlfll: Gra be phznl ptd. 15 D. C. Paper 3ifg. Merchanta® Transfer and Storage 110 Morgenthaler Linotype . o 0ld Dutch M 2 0id_Dutch 9 Lanston Monotype . 8! curlty Storage S shington jarl Ex-dividend. WEEK'S FAILURES GAIN. NEW YORK, March 25.—The num- of the preceding week by one, ac- to weekly repords to Dun’s spots & z ;fi’:\l}l‘:g This week's number was| bulls, 15 to 25 highe 542, against 643 last week and 30 In | strong: stockers the corresponding period of 1921. The east and Pacific coast districts show Sa%iight increase and tho west re- TFailures creased 1921. — BAR SILVER QUOTATIONS, . YORK, March 25— v ver. 84% ; Mexican doilars, 49% NDON, March 25.—Bar silver, ’;ffl ?’M‘ ounce. Money, 3 per cent. tscount. rates: Short bills, 3% per cent; three months’ bills, 3%a35-16 —— FOREIGN EXCHANGE. Sellng checks—doll! per cent. 43y Dudapest 907 Prague 845 Wamaw 213 Copenl 'n pia Chrimtianta 1375 . _ Stockiolm 2000 Amaterdam 430 4lbene 1.60 Montreal By the Asociated Press. Paris Rerlin Zurich NEW YORK, March 25—Foreign exchange steady. Great Britain, de- mand, 4.38% ; cables, 4.38%: Sixty-day bills ‘on banks, 4.85%. France, de- mand, 9.04; cables, 9.04%. Italy, de- cal mand, 5.12; cables, 5.12%. Belgium, Germany, Holland, Norway. ! 81,000 316; cables, 8.44. demand, 20%; cables, . demand, 37.8%; cables, 37 mand, .02%. Czechoslovakia. demaud. 1.76. 'Argentina, demand, 36.50. Bra. zil, demand, 13.70. Montreal, 9%, BY STUART P. WEST, NEW YORK. March Special Correspondent of The Btar. sallent incidents of the week bear- ing upon the financial situation were the increases in prices in the steel trade, the partial recovery in money ! rates following a further decline, and in German The action of the steel producers in putting up price schedules perifod of restricted output and unde consumption beginning last spring and running through the remainder of the year. It Is true that, from the unsold surplus had off and buyers were seeking to re- plenish empty shelves. were only Gover immediate wants. The iron and steel situation as it stood at the beginning of 1922 still one where buyers were holding off expecting still lower prices, and in the meantime letting their stocks run down to a minimum. Higher Prices Maintnined. A fortnight ago certain independent #teel makers started the experiment | of raising their prices, and. despite much skepticipm meado this experiment a success, so much £o that the ast July on, been worked has by no means be | The commission is working above all | else to have Germany balance her budget and stop the reckless print- ing of new, paper curren end, while allowing two-thirds of the | requirements to be settled in | goods, instead of gold, it has de- manded that the German government raise the tremend billions in paper marks as additional | revenue. To do this. thera would | It wae an illustration_of the well known fact that consumers do not buy in a falling market, and hesitate to load up | standing still. But once they see the | year low prices getting away they begin | to come in. 80 far from discouraging purchases ce of quctations has been & quickening influence in the entire steel trade and the miils are operating at from 65 to capacity, as against 60 per weeks ago, 50 per cent at the start of the year and 40 per cent at the beginning of the winter. Nothing else could have happened ut so much heart country’'s= business this sudden recoil from the unprofit- | able conditions under which the steel | had been working for | nearly a yvear. ! Following the great in the automobile and related indus tries the stabilizing of oil prices and the improvement in railway tonn as instanced by the increased car le ings, it has shown how correct Wall the campaizn of that would have over 122.000,000,000 marks. street has been two months ahead (o the entry of trade recove on its second and larger stage with ! the approach of spring. Hardening of Call Monesy. The hardening of call money rates toward the end of the week i the result of the governmen ing down tax collec the result of the refusal banks to accept the Wall street was bidding for funds. On numerous drawal of their balances by *{town institutions ha drastic fiscal reform a further u | limited {the 1922 indemnity, for the s and partly harp recovery ‘| the call loan rate. itional bankruptey and The great difference now. however, s that even in those sections where |Grain, Produce and Live Stock LOCAL WHOLESALE PRICES. Eggs—Strictly fresh, dczen, 24; average receipts, lected, per Potatocs. white, 100 pounds. 1.56a2.00 No. 2. 75a1.00; new potatoes, barrel, 8.00210.00 nd Live poultry—Roosters, per 1b. ach, 50260; fowls. Dressed poultry—Fresh-kil hickens, per Ib., 40a4 {28a29; roosters, per lb., 20 . 35a43; keats, young, each, 6 Pork—Dressed, small, per heavy, 8all. Live stock—Calves, choice, per 1b. 10a11; medfum, 8a9; cholce, per Ib., 12a13; hens, per 1b..| livé hogs, per 10, | Green fruit—Apples, per bbl 50; per bu. bLasket, 2.5083.25: west- 5 California | per crate, 6.0047.00. Lemons, per box, 1.0044.50. Gravefruit, per box 3 Florida oranges Vegetables—I’otatoes. No. 1, per bbl. .00; per sack, 3.25a3.50. 0a4.00. Lettuce, southern, per crate. Romaine lettuce. ‘vmblings, per crate, 3.60: 160-1b. sack, 9.50a10.50. 2.0023.00. Cucumbers, Cggplants, per crate, 4.00a5.00.| oes, per box, Florid: Beans, 2.50a4.00 per basket. Peppers, per crate, 3.501 Cabbage, new, 288" | Tomat: 26230 per qt. 7.00. Kale, 1%25al. DAIRY MARKETS. BALTIMORE, March 25 (Speci: Poultry—Live turkeys, pound, 35a45; and crooked young chickens, rough and staggy, 24a25; old hens, 25a27; old roosters, s ducks, 28a30; keys, pound, 38a4 poorly dressed and thin, 30; young chickens, 34a36; old and mixed, 27a old roosters, slips, 32a33; ducks, loes off, na tive and nearby | outhern, 21; duck | 149% | firsts, Butter—Creamery, fancy, pound, 41 a42; prints, 43a44; nearby creamery, $7a38; ladles, 24a26; rolls, 20a23; store | iry prints, process butter, 2 CHICAGO LIVE STOCK MARKET. CHICAGO, l;\llr;:h 25 I(Fnilefii States ¢ insolvencies in the United | bureau markets .—Cattle — Receipts, !hl.:t.:lll the last week exceeded those | 1,000 head; compared with ers practically steady, she stock and veal calves nd fe diru dull and mostly 25 lower; spots o 1 Hogs—_Fecaipts, 4,000 héad;' active, 10 to 20 higher than Friday's aver- mains unchanged. The total for this| age; lights up most; shippers bought . 326, was for $5,000 or more, Tep- | ab y 60 per cent. 'Last| paid for 34 hogs: practical top, 10.55; good clearance; bulk desirable, 100 to 120 Bheep—Receipts, hearing lambs —_— S. P’S NET DROPS. New York, 25.—Southern Pacifics report covering February operation shows net railway operat- ing income of $1.318,349, contrasted value at close today| with $1,872,842 in February, 1921, and (Quotations farnished by W. B. Hibbs & Co.) | 51,439,000 in January, 1922. Its gross 18% | operating revenues of 317,352,365 rep- decrease of $2.507,812 ¢ Cerint ?h those of February, 1 hrinkage of approximately from those of January, 1922, ting expenses in February or $1,862,160 less 41 W 4,347,049, TS Moss of February, 192i. §. 8. LINE SETS RECORD. NEW YORK, January 25.—The Pa- cific 8. 8. Company's Admiral line is setting & hew monthly record for its servico, with an estimated tonnage of #eight and measurement dur- demand, 17.85. Sweden, demand, 26:12 | ing March. Reports from other steam- Denmark) demand. 21.16. Switzerland, | ehip companies also show that there demand, '19.44. Spain, demand, 15.57.1is a steady increase in shipping {rom Greece. demand, 4.28. Poland, de-|Pyget sound to the orlent, to lower Pacific ports and to the Atantic and} re being added New vessels & MARCH 25, 1922. Outlook in Germany. bank reserves were low there is an abundance of credit. The federal re- serve banks at Atlanta and Minne- apolis have a reserve ratio almost equal to the Boston bank. The aver- age ratio for the country generally stands at a new high of 78.4 per cent, as against 75.6 a week ago, and 50.8 a year ago. Time Lotns Credit Measure. Under thege circumstances the vagaries of the New York call loan market are a matter of little im- portatce. The true measure of the state of credit is the rates on time loans, commercial paper and bank- ers' acceptances of mercantile bills. All these rates went still lower at the outset of the week, with later only a trifiing recovery in the case of time money. The investment market regards the federal reserve position and the mar- ket for fixed date loans as the real criteria for investment values that have been demonstrated by the way ail classes of bonds have held well | up to their highest prices, In spite of | the prolonged and very extensive rise. - Marks Touch New Low. The drop in German exchange for the first time below 30 one-hundredths of a cent is commonly attributed to renewed German lMaunidation refect- ing dismay at the terms imposed by the reparations commisgion. govern- ing payments for 192, Whether or not this Is the correct explanation n established. have to be an immense increase in taxation and probably what would {amount to a forced internal loan of vast dimensions. It may be doubted whether any administration could command a majority that sought to put through such a program. |it were put through, the effect would ! be not to depress the value of the paper currency, but to increase it for then there would be no n recourse to the printing press. Drastic Fiseal Reform, Between the 1st of J the third week in Marc note circuiation of th rose from around i the cost to Germany of meeting t first year's indemnity requirements, | amounting to 2.000.000 Tt is_obvious that without a very inflation must occur to meet govern ment not ouly has to find 000,000 marks in gold, but has to purchase from German producers the 1,450,- 000,000 worth of goods that are to e turned over to the allies Harsh, therefore. as the commission’'s new terms may soem. such program must &0 through or else before mauy months the German mark would be selling where the Austrian kromen is. on a level which threatens n: of the national currency altogether. (Copyright, 1922, by The Star ) GRAIN AND PROVISIONS. BALTIMORE, March 25 (Special).— 0a4.50 Asparazus, hamper, Cabbage, 5a1.50. Carrots, bunch. 4a6. Cauli- a3.25. Celery. £3a3.25. Cucumbe . Eggplants, crate, 0: <h. bushel, 3.0024.00. Kale, arrel, 1.00a1 Lettuce, basket 00. Onions, 100 pounds, 6.00a9. 3.0084.00; spring onion, Ler 100, 1.65a1.75. Par- snips, bushel, 50a63. Peas, 4.00a6.00. Peppers, crate, 3 dpinach, bushel, 1.00a1.2 26.00. crate, 4.50a5.50, Tomatoes, crn:(,l"l:.l:f;:? PACE INSTITUTE | i 715 G 8T. N.W., Corner 8th and G Sts. Apples, packed, barrel, 6.0049.00; No. | = 3.50. Turnips. basket. 35a40. bushel, 1.75a hoX ap: . box, 5.00a6.00. Tanger 6.00210.00. Strawberries, 40a70. CHICAGO., March was under pressure at the Chicago Board of Trade today the July spread was namrow around 14 cents. First prices s May 1 to 1% lower, at 1.3133 to 1.31% July was off 13 at 1.17% to 1.17%. and September was 3% lower at 1.10%. The trade took notice of Liverpool's decline in the face of yesterday's local dvance, and was inclined to disre- sard a big falling off in_Australian shipments and orders. The market broadened with a large trade on both sides. Commission houses and Chi- cago traders sold on the bulges, but July received good support cn all breaks. Corn was weak at the opening, and May broke to under 58%. which was below last week's inside figure. Iirst prices were % to lower, with May éiffi to 59%, July 617 and Septembe 3y. Oats showed a light trade early, and started unchanged to !¢ lower, with .)La‘z 36% to 7, July 39 and September An advance in the local hog market and higher prices at Liverpool for provisions were factors in establish- | ing an advance in those commodities. Demand was fairly good and offerings | light, with lard generally 20 higher. Potatoes—Steady; receipts, 61 cars; total United States shipments. 779 cars; Wisconsin sacked round whiies, per hundredweight- ungrad- ed, 1.25a1.50; Minnesota sacked Red 1.65a1.7: Rivers, 1.60a1.65; Idaho sacked rurals 1.9082.00.. Some encouraging export news ani a ‘disposition by shorts to cover le to several sharp rallies, but the mar- ket sagged in the closing half-hour @nd final prices were 1.30% to 1.30% | for May, 1.16 to 1.16% for July and 1.10% for September. Corn turned heavy with wheat, the May showing the largest net decline.} closing prices were May 57% to 58; July, 61% to 6i%, and September, 6414, {ern and the Burl To this | s sum of sixty | But if | ed of | 00 gold murks. | repudiation: | | 00.1¢ mper, | 3.50. Grapefruil, box, 3,00a! wheat | z of FINANCIAL. WOOL SLOW, BUT FIRM. | Mill Buying Slackens Off to 0dd’ Lots. BOSTON, March 25 (Specfal).— There was a decided lack of anima- tion in the wool market today, and, while prices were firm, there was an casier trend in some grades. Miil buy- ing has slackened off to odd lots for filling purposes, and buying in the west has attained no headway. Pulled wools were firm and half-blood combing fleeces were in good demand and small supply. s Territory wools on a scoured basis ' staple choice, 95 to 1,00 for half-blood blood combingz. and 65 to 70 for quar- ter-blood combing. Pulled delaines were at 1.05 to 1.10; scoured AA, $5 1o DRY GOODS STILL DULL. Week's Market Closes With Very Small Business. NEW YORK, March 25 (Speelal).— The dry goods market wound up a! dull week’'s trading today with a volume of business which was ex- ceedingly small and consisted largely | of filling orders. Prices were little changed, although there were reports of shading in the wider print cloths by second hands. Sheetings still were | in some demand for domestic bag ' trade, but the buving for a foreign ! shipment was less apparent today. ! Twills, drills, pajama checks an i e Ktuznant. ged in Yokohama, the raw s t was firm her but with little activity in evidence. ished goods. ribbons continue | and as Lo crepe weaves, but job- bers in many cases have cut prices on | ins, , charmeuses and other broad silks. |8 application to the Chief Clerk at the abus. address. i were quoted at 1.05 to 1.10 for fine| combing, 75 to 78 for three-eighth-{ 1.00; A supers, 80 to 90. H NEW YORK, March velopments of importance r the Northern Pacific, the Great usual crop of inadv g and writing of tho. Hill roads.” Their gr that term is long esta correct. “The: Northern Pacific is not a | Hill road despite the fact that thel family of the late James J. Hill have a small interest in €r. The Northern Pacific shares an ecqual partnership i with the Great Northern in oWnersmip BF. summer months en,, nine fialf hou barn CARROLI SUMMER COTTAGES. ER CO1 e NI < to Washing. 10 13¢h st n.w riv Mo RESORTS. ATLANTIC CITY. . ATL. N.J. Fil Dlrcctlymcm ment E: i lrcfl'llil | $An American PanHotel of T LRl o 1Ry CLARENDON wnorer | Virginia Ave. near Beach. Hoom; ite wi i A ocens with bo¥ and cod Fumeieg weie ™" “DE VILLE” Smer. plan. Wonderful chestra. Danc. sleges Bpring ! ges._Epring ing. Sun parlor. Garage. ten. 32250 wh. up. VIRGINIA BEACH. VA. = FTIE WAVERLE, VIRGINIA BEACH. VA open all wi at modera tex: building { steam Leated; private baths best botel acrommodations. _Hocklet EDUCATIONAL. YAPHIC 1 xperienced teael uings at 1449 Park road. 1 after 6 p. phone ( W. 26 ACCOUNfANCY Offers exceptional opportunities to ambitious men and women, REGISTER NOW FOR Day and Evening Classes ESTABLISEED 1852 EMERSON REGISTER NOW March 15-22nd New Classes in all High School Subjects and all Semesters. Prepares for College and Pro- feasional Schools. DAY AND EVENING SCHOOL FOR MEN AND BOYS WOMEN'S DEPARTMENT EVENING SCHOOL New Classes in all subjects Mar. 16-23 ‘W. H. RANDOLPH, A. McD. CRAWFORD, Principals, WASHINGTON e 1416 Eye N.W. Main 405! It will | o us first. MOVING. PACKING & STORAGE "LEAN, DRY STORAGE FOR FURNLTURB and pianos. Estimates cheerfully given. Con- venlent location. WESCHLER'S, 920 Pa. ave. n.w. Phone Main 12 “MODERN FIREPROOF STORAGE | PHONE o North CRATING — PACKING, SHIPPING . LONG-DISTANCE MOVIND No Charge for Estimates AT i Oper s WINTER BUILDING STORAGE July 1 1% A B. WILLIS, Prop. CORN b 5 1434-1442 T 8t nw. Phone N. 8843. Mo 587 .. | 500 ROOMS FOR H. H. GQODS & MDSE k l)' fi " a77% LOCAL & LONG DISTANCE MOVING "0 61% | EXPERT PACKING. CRATING & SHIPPING May 203, ! HIGH GRADE WORK—REASONABLE KA July B 882 | Get_our_free_estimates. COPTON MARKETS. NEW YORK, March 25.—The cotton [ market had a quiet opening foday! © With first prigos 2 to 4 points higher. | UNITED STATES | Its stoadiness was due principally to | i local buying on prospects that a rain area over Texas would work eis’- ward into the central and eastern cotton belts during Sunday. Fall River sales of print cloth for the week 921, | were estimated at 120.000 pieces, with | Cin subsequent operations May advanced to 17.97 and July to 17.26, represent- curtailment of & similar amoun ing net gains of 5 to 6 Doints. Futures opened steady, May 17.72; July, 17.28;-October, 16.88; Decemb’fl. 16.78; January. 16.66. NEW ORLEANS, March 25—Prices were higher by from 2 to 5 points in the, first half hour of the session in cotton today, moderate bufing being encouraged by the absence of notices, this being last notice day for Mareh in this market. Buying was held within bounds. however, by the rn[g’l t in west Texas, some poings in th territory wiring in that the best rains in seven months had fmilen. May traded as high as 18.57. Futures opencd quiot; March, 16. May, 16.53; July. 16.40; October, 16.04 December, 15.92; January,’ 1580, 38% | W. B. MOSES & SONS, 11th and ¥ N.W. Modern fireproof staraze. STORAGE CO. ESTIMATES OMAtSVaiinBise e A —s 418 — 42 PHONES #iii33 10= sun. TOULSIAN BOTOR EXFAESS v Baggage transfer, hauling furniture, merchan- i dise. Main_ ¢ v | PHONE NORTH L0} o g UNION i€ 8 STORAGE :COMPANY ! 705-0_Fln. SEPARATE ROOMS, $1 Innu-us- > Loont Long Distance MOVING. | By =I'01=';d Mon., Raten Reavanah i SAGEING DT EX?E | S| TRUCTION | o8 Two hours’ dictatlon | Terms moderate. { INSTITUTE | 1738-1740 P St. N.W. ! Phones Frankiin 4463-4458 | Spring Semester ! jof French Line Serv iand a watchfulness for the c {fort and pleasure of the traveler ireproof Warchcuses| utoRiatic, electric, of Cowierce. £ proposals may e ed _ STEAMSKIPS. ELARK'S CRUISES by C. P.R. STEAMERS Clark’s 3rd Cruise, January 23, 1923 ROUND THE WORLD S8 “EMPRESS of FRANCE’ S MONTIHS CRUISE, 31000 e Tastnding Hotcls, Fess, Drives, Guiden, sta. Clark's 19th Cruise, February 3 s MEDITERRANEAN Semptucas 83 "EMPRESS of SCOTLAND® Gross Tous, Specidlly Chartered 85 DAYS CRUISE, $600 aad up Including Hotels, Fees, Drives, Guides, ste. 19 days Egypt, Palestine, Spain, Italy, Gresoe, ete. Europe stop-overs allowsd on o Europe and Pession Play Porties. 3100 53, OBER'S S, 8. AGENCY, 1 Woodward building. Visit South America Travel in Safety and Comfort, on The New S. S. Vandyck V-FLEET, most mship plying to of the famou luxurions st South Americ Sailing April 19th for Rio de Janeiro—Monte- eo and Buenos Aires Commodious lounge. =moking reom. music rooni. dren's playroom. xymna 3 und every modern device f and comfort. Other Sailingw—s. S,V 0: %, . Vauhan, M Vasari, July 1. i iy compan wiway, New York Tourist Agent or R. A Fostoonw., General Lis ort & Holt Line . COMPLETE OCEAN STEAMSHIP SERVICE 'WHITE STAR—To Channel ports, Liver- pool, Queenstown and the Mediterranean. Standard of service in keeping with the magnificence of Olympic, Homeric and world's largest ship, Majestic. Regular ‘express service. RED STAR — To Antwerp, calling at Plymouth and Cherbourg. Weeklysailings of four ships headed by the distinguished Lapland. AMERICAN LINE—To Hamburg, Libau and Dan:ig. Service of regularity, de- pendability, comfort and convenicnce. fnternational Mercantile Marine Co. 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RA !(0 N & SO In 26 roadw