Evening Star Newspaper, May 12, 1922, Page 30

ing steadily from week to week. Col- | $429,000,000 on Deposit iy 1n the 1/ |0n New York Stock Exchange.| In New York Curb Market. ; 4 | BY PHIL S, HANNA. TOPEKA, Kan., May 12 (Special).— (Quotations furnisbed by the Associated Press.) | (Quotations furnished by the Associated Press.) BY J. N. FINING. struction and dealers in lumber and | Special Correspondence of The Star. A report issued today estimates the FEAIURE UF DAY‘ e P INDUSTRIALS. UF I_ufiAI_ BANKS @ial),_The recent advance in the - price of worsteds by the American BOND AND CURB Woolen Company has had a stimu- = lating effact on the trade in those ( Kansas wheat crop at 108,000,000 pectal Correspondence of The Star. building materials report a greater rush | DETROIT, May 12—The automobile | bushels, Twenty-seven per cent of ‘the mp Tow 25 ST. LOUIS, May 12.—Warmer weaiher |of business. than has been recorded in industry is wondering where it will ob |acreage planted last fall ‘has been 5% oo | any Acme Fatking aF 4* 4 fs putting more ifé into trade generally. | several years. Manufacturers of roof- | Sl enoush closed bodle 3 abandoned. The condition of the crop 2 g | 9.50 90.80| 100 Alum Co of As ey 18y 18% y every plant. % ¥ of Amer. 7 ;1 4 Large crowds are thronging the stores. | Ing. paint and other construction ma- niomm;n 'in the present flamlynlg for I snimstediat iner ceat ihejion: Best Kept Financial Secret. E_ég 55 9% Am Drug Co 2% Total of May 5 Is $189,084, Advertising in this section has again | terials ae increasing production. closed cars has ever been experience G 2 Ly g : 507 Beech Pack. 37, 38 . . b al. > #0.86 9992 ack. 4 Decome more” strenuoas with hargain | Financial houses here declare that [i the history of the industry. Ithas| oo oot o0 Big-Gains Follow—Re- - |%af Vit 450 woss 10088 | 1200 BRlrm Clty Ry w 14| 463—Convention Itinerary prices on special features being attrac- |loans on houses and real estate are more | awares as well as the automoblle man- | —Coal dealers here are urging their 2 20/ Vicioey 8% 10002 100.02 1 10 Cent Aguirre Hus. 1 60l 69 tively placed before, the public. That | numerous than ever before, and al- |ufacturers. Where the Ford company (customers to buy coal now, declarin lated Shares Firm. FOREIGN GOVERNMENT: STATE AND | ,j00 Cleveland Auto G 303 0% #=| and Program—Notes. ublle continues obdurate mn refusal to | though capital is coming forward, the |1sed to make 50,000 closed cars a vear | that ‘when the cold days arrive me=} MUNICIPAL. % Columbla, Kmersid.. &0 80 & | it will turn out 300,000 this year. Other [ fall it may be impossible, because of BY STUART P. WEST. 55 Argentine 7 . 101% 101% 101% | 18700 o o o BY I. A. FLEMING. consider price advances and pirchases | demand for money for bullding s in ex- | o (5! OUE S00.000 TA 3285 DU | (R atrike’ and the diminution of Te-| NEW YORK. Maw 12 2 5 Argentin 7o .- 1018 101 Dom B us en 1 BY L MING. ‘only when inducéments in price are sat- | cess of the supply. Much of the build- |crease in the percentage of closed cars |serves, to make deliveries promptly. . » May 12.—The Bethle- 3 City of Bergen S... 110 Hzn “g 56 56| Atthe close of business May 5. 1922, isfactory. ing 4s on speculative lines, but there |to total output. Rubber. ~ hem Steel-Lackawanna Steel merger| § g,g G da: 2% s, g x:;;;"" banks of Washington reported Emplayment is increasing sfeadily In | €R be no dount that opesations will be e df e bogy commanie h%?u?éfi AKRON, Ohio. May 12 (Specialy— | W8 Of course. a matter of overshad-| 1 Grof Chrstianis s 11 188 1% [ tota deposits of $159,081.463, the larz- “all branches of manufacture: The most | geate. vear on a record | BAUNE ROl et 'of demand. Seml- | The Goodyear company has added|owing interest in today's market. A| City B 5 28 5% est in the record of the city, main- striking vigor is noted in building con- - The iron and steel industry fs improy- | skilled body workers are growing scarce | 13 o Tor e L 20000 tIreD & |l our befare Sihe. clofe; con |35 QI 5= 5 taining its_ratio, of steady increa: ate of pay jum B duy. The Firesone's pri ay the street had not the| '§ G ; 7 £ to the depos eported e 70 SET ne's production is City 104 104 £ March 10, * et bt have $39,000,000 more | P {0 25.000 a day and rubber sole‘and | slightest inkling that such a deal was | 8 Clty of SHi 68 The fact. that the Merchants' B . onaeosit o thave thes wad at ke |Deel departments of the Akron plants |under way. It was the best protected | s bag orhriem e 'a 118 1001, lowy, | 1400 Libby MeNeili. 2% and Trust Company ix to all int first of this year. The total of deposits | 7€ Tunning at capacity. secret of high finance that has been | 33 Dept of Beine 7 9% 94 300 Morcer Motors & % and purposes a new institution. i # it is operating under u new charter ; | granted by the Commissioners of th * | District of Columbia. has been th (c-un in the compilation of the totals by Mr. Savage of the National Savin land Trust Company. for omitting the deposits of the institution from hi comparison. | "To permit the $5,902.666ydeposits of 74 lthat institution to pass uncounted. now is $429,000,000, compared with Toys. known in years, and this was shown flg&r‘&g%- 31 $390,000,000. in_January and $375.000,- | CLEVELAND, May 12 (Special).— o ey AR oyl "GrOWINE | Walking 2an alnig - tolle Pave e | PY the extraordinary reception both | 197 Dutch B ind 6, - easier. Several large Insurance com- |features of the Loy trads in this mar- | Prospectively In yesterday's final deal- | 38 Prench Republic 5 panies have recently come into the mar- | icet at present. German competition, |ings and actually“In the market this| 112 ¥reach Republic 7 -3 1t ket in the Detroit real estate loan field | whilo keen, Is hampered by dificulty | morning to th 5 Japanese 13 4358 2 o0t and this is releasing other funds for in-{of prompt delivery. & to the news. 17 Japaneso 4s. dustrial purposes. ~Employment condi- S T i tions continue to ‘improve steadily. The utomobliles. 1100 Philip Morris . 200 Pigsly Wigely - 3700 Pyrene Mfg . 7900 Radio Corp com 0335 | 1800 Radlo Corp pr. 907 | 1200 Reo Metor Tru au3| 400 Republic Tire . i G| 708 ouh, Con &, X3 "obaco uc 97% 984 | 500 Todd Shiprards 1S5tk and H Sts. Northwest The opening sale of Lackawanna Steel was 17 points higher than its employment report shows an increase of | CLEVELAND, May 12 (Special).— s O e O et week, making a|The White Motor Company reported |1ow figuree of Thursday. Nothing re- 9l 98 100 Torben_Asle. 3%, |however, would not reflect the tru: total of 240, ved. This com-|that the Aprjl truck orders totaled {sembling such - 2% showing. ¥ . o 000 employed. * T i 1 g such an advance has been T B g o At the:Dupont Nakions 82 Kingdom Sweden 8s. 10214 101% 102 pares with 180,000 for the correspond- | 987, as against 640 for the same|gseen on the stock exchange thisyear 521 19008 Light & Heat: 40 Paria-Lyon-Med Gs.. 82 28 Kingdom Norway 8s 111% 1113, 111 300U 8 Hoffms: 82 9 Repub Chile 8s '46.. 105% 1063 105 900 Un Retail Candy. 6l - a . " ' Ve month last 5 i for the and the Merchants' Bank are not in ing week last year. O I Sy overlos T 50 sae|—that is. in.a stock of so fmportant 3 Hevablc Cabase i 30" 00" w0 e VaRLRealte OO nc W0, 1 | existence toduy almo caused ikt ing ceent over a similar period of 1921.!a company—and | * i " 500 West End Ches 5 elimination from the comparison, re- Business Back to Normal, - |Sver 50 mén have betn re-emnloyed | it snould have had & wachenine i, | 13 5 o Guceanand 13 110" 108 B L8 WP i ducing the actual total of compars Atlanta Retailers Sa since April 1, bringing the total at| IO HE 0 & 15 8( Rio Gr do Sul 8a. 1021 10215 1023 | STANDARD OILS. tive figures for the Ma "‘I(l,_l“fill‘)kf anta Retaile Y | ork to 3,000 or more. pon the ontire market. 53 Swiss Confed 8s..... 118 © 117~ 117 ] {Arom $181.796.956 to 177, 8 UK of GB&T 5% /23 108% 108 108% | 700 Anglo-Amer OFl.... {""With these three banks omitted However, it did not arouse any BY ESTES DOREMUS. S lena Blgnal Oil. 02 U K of GR&T 5148 100 | from the showing re was no op- | U K 1081, 1083 108 The B oa I'd : Sreci Cormspmaencs of Toc Slar CHICAGOr Stay 3o thpeciah —A | tre- semen ot sty enrencea| B S AT M 12, fd | SE BT B2 ' vortunity, forcamparinon, e won G 5 30, 2 (S —A of ste n 3 5 bz emons he con- ATLANTA, Ga. May 12.—Retall|novelty displayed here at the hotel | A el and related| gy g of Mexico Ba.. 63 041 65 B il o ot e e e or the aity: and, w business here ig back to normal e 4 shares and a few specialties. The A = ;| equipment convention is a cooker on cials of the Atldnta Retail Merchants' | Which g six-course meal can be pre- | Speculative community indulged in Association "declared today. Collec- | pared, including meat, vezetables and | all sorts of conjecture as to what 41U & of Mexico 4s.. 51 53% 54 10909 Stun 011 of In RAILWAY AND MISCELLANEOUS. 900 Bian O XYY ‘probably mark the zenith for son: {tin:e to come, as the withdrawal o some $10.000,000 tax money this monih of Directors tions are satisfactory, trade has k> Vi = . " 4 tons are iatisfactory, trade ha%|dessert, within one hours time, and i the basis of exchange would be bet_| 8 Alex Rubher fr ... 102% 100% 1% INDEPENDENT OILS. Will be a hard matter to replace. which occupies about the same space een Bethlehem Steel stocks and 9 Am Agr Chem 7i%s.. 10315 112% 103 2 1 2 a v of the banks epring of 1321, and the haavy adver- | gg's large. bized kattle. I AVt S o e Ewe Per i ol “rof Tro 2100 Alcan O oo 3 _The great majorits of the burin ; L Tsing campaigns of merchants, cou- 3 ke auna Stesl Ll i g i 2wy % ow & handsome . T gerly sugges. L J 7 3000 $ 2 o =t Soxis of the Union Trust Company is rep- Bled ‘with reductions in prices, Rave Flomwess tlons” (hat” companies engaged in | i (hl.f NTRCRPA 1004 ‘3.3* ':;3 3900 Pocten Wroming... 83 LR o iy . . 3 = eer ik o > % 2% > T | ‘onver 3 resentative of the best business and ad NoTume of business. The consist- | HACKENSACK, N. J.. May 12 (Spe- | D" SElen 5,00 e merger, O "oUi | o (b B1&Bend U e nerary of the District of O e s A = ent buyiug movement, which began ::;‘l;r::‘el:‘r ts here joined today Inj . she prevailing Tuess was that the & ekt 1na e Ot $50 Qittes Bervice B ctf 2% 'Jnu-l:.',‘;x;";;"'fi" & convention at Hot g 3 efore Easter, has shown no signs o v ents- urging citizens to’| v 4 o o 300 Cities Service . Mg eill professional thought in Washington Giminisning, and ‘s heing * heiped | Substitute \roses 'or swect pean for | SRELATEG O SRS BN 0P {ONEE e Conper oa ou 'Satr | 1o Columbis Pete 1 Sorives Ve, 18 ot oiay, Jane. N al by rec ather. carnations on Mother's day. because | ann: : 25 Colordo Tndust L ontinenta 2 3 at 9 1 3 and is composed of men who have Rnsunor Svinence, of general Im- | Now Vorc “Wilofesyle. foriits hive | Lt edeh elth iy Viotent overmiEnt| a2 e SR gh e e 3% Lariting at ot Sprines aC T e E . : B . . . provement in this district is the gain (Jumped the price of ‘carnations from > - SR & 1 spent their business lives in this city. O ¥7T500.000 In' bank deposity over |5 to 20 conts eaci e e e | S0 Frmeitna Gh 0l il made the sutceeling Tusersy S . . . < the totals of a_ year ago, while the = . Tt %8 A 1085 400 Gilliland OI1 Biz s L 4 , In directing the affairs of the company Eold reserves of ‘the Atianta Federal Pape Consenuently Lackawanna steel | & Ui lum Hiar 1035 | o Slenruck 1 111110 TE Breakfast on the outbound trip will _, Reserve Bank still hover around 80| NEW YORK. May 12 (Special).— | §ontinued to push ‘ahead and ‘the] 1J 55 & pd e Do, 0% 51 | 14100 Interuational Fet.\ 1% The rate inclusive is §75. No tip- per cent. The farmers, encouraged |Increased production s expected to by the advance of more than $17 a ping. Parties desiring may secure 1 Des Mo & Ft Dod 45 * . jcompartments and drawing rooms at 54 Det Edison ref 6s.. their first duty and consideration is 1000 Kirbs Petroleum .. 11 . 08 it. There was lively upbidding of 1025 | 1000 Lance Creek . follow the signing of a wage agree- 1 1 0 bale in the price of cotton sincelment between ot Gulf States Steel, Wickwire Spencer, 8 Det Un Rys 4 600 Livingston Pet. . el e Maren e e Spdivded Shagtl | I ot ROV SR Aoy Mo and varaata, Cotsors | ] o MW e i ol 28 L T iy e ittt o their crops. y are slowly F 3 - o P de Nem 7ias 1073 106% 107 . bicess; U care. Hauldating their old debts and con. | varserma ioSroement “',"a",fe:“’éo’,::_ pealed to speculative imagination as | I gn;.n-m-‘u‘m‘m_ g 03 iy 6100 Mariand i 3::2':"'[1llg:niux,l‘lli?ud :;Plrprgsfr:.?f T tracting no new ones. Their watch- [ pant wiich is operating on an open | Merser possibilities - 18 Erie gen_4n o4 6314 631 ain es golf, & \ v i -, i . 2 Erfe 1800 Mexico Oil h cing, a family dinner on \ DIRECTORS word will continue to be “necessities | ghop basis. Exchangea Soft. e e sn. 9% 87 oo™ | 4400 Mexican Seaboard. Bl oasd garty for . only” until the crops are harvested Nothing that happencd outside the| §Am Smeiting oeoi g 1% gy | 100 Midwest OF : he lad! Monday afternoon. WILLIAM C. BRAISTED THOS. P. MORGAN and they can cash in on something stock exchange was as Interesting as 0L i 1005 | 400 3id Colombia the ladies on } D"'“-‘| a sl " JOSEPH H. CRANFORD ARTHUR MURRAY tangible. Steel. B S hia o g, 2a 194 | 1000 Mountain Guirl1ll 17 *| Reservations must he made throug S E 3 s f .| cmic, > . - 700 Mocntain Producers 16%3 F. G. Addison. jr. vice president of = 5 GEORGE H. MYERS The already active building move CHICAGO, May 12 (Special).—The, h t low the 8- ) tha Suvi = Ce G. THOMAS DUNLOP NIEL W. 0'DONOGHUE o s 1 exchanges went lower on the unsatis 2% | 14800 Mutval 011 ... B 3 | the Security Savings and Commercial a DAY . O UE ment has been stimulated by the|United States Steel Company plants |factopy reply of Russia to the joint T% | "500 New Eng Fuel..... 44 GEORGE E. FLEMING AULICK PALMER “own your own home" exposition{at Gary and South Chicagp now are|note of the other Genoa conferees. 2 500 New Tork OIl. Banks . - th GEORGE E. HAMILTO! D. S. PORTER here. receiving pig iron from the furnaces|The weakness was not of much im- & 7000 Noble 011 Four full days will be put in at the ORD. PRESTON recently blown in at Duluth. SRl 200 No Am Ol & Hot Sprinz z E FRANCIS A. RICHARDSON Ry gortance, The continenial Sichanger o R 9400 Omar Oil coxtia Bank Election, FRANK C. HED JOHN H. SMALL Notes on Commodities IRON MOUNTALN, " Minn, May 12} Ho e (L e e the atart of 0 ev 43 100 Pennok 00 i Directors of the Anacostia Bank re- JOHN C. HOYT . EMMONS S. SMITH K (Special).—The Oliver Mining Com- | (he weeck. The determination of the et 29 5000 Tied” Toanika OIL. elected Maurice Otterback president. D. J. KAUFMAN LUTHER F. SPEER From Various Centers [pany has resumea full-time " opera- | Rritish premier fo carry on despite Rethichem B sef e 500 Byan Consolidated. Ies A Manusl e o orcaident, A. S. KENNY EDWARD J. STELLWAGEN 2 tions at its mines here and at Nor- | the Russian attitude, the fact that the Bilyn Bd. ‘}"’,:"“ 1300 Balt Creek ... J. Frank Campbell second vice presi- JAMES B. LAMBIE CHARLES F. WILSON 1 Stoek. way and Stambaugh. About 1,075 | French delegation did not quit alto- Rkisn R T s otf stp 1000 Beaboard Oil & Gt dent, Charles V. Etzler cashier and e e . men have been re-employed. Wages | gether, although refusing t Clec S 100 Bhell Unlon pfd.... V. L. K aatats ‘hier. SE. = 2 A . gether, a & efusing to enter Simms Petroleum. W. L. Koontz assistant cashicr. SEATTLE, May 12 (Special).—|are unchanged. About 2.000 men will|further discussions where the soviet Nor @14x ‘-'7"0“ e he board elected at the annual OFFICERS Wholesale meat dealers are drawing|go back to work on the entire Gogebic | was the question, and the desire ex- Pac deb g, B By . | mesting of the Share i s 3 (i on frozen stocks of beef or calling on | range, some alternating on half time.|prossed by the Russian spokesman Central Lasther 5 900 South Pot. & itef. 17 Frank Campbell, George S. Kir . EDWARD J. STELLWAGEN eastern packing centers to supply _— that financial negotiations go on were | 4 Como do bosch e 119% | 2000 Stanton OIl ... Charles W, Warden, i g President their demand, as there are few fat SHORT-TERM. SECURTFILS, compensating features which entered | 108 Ches & Ohig cv 3x 9134 | 30800 Tezon OIl & Land James E. Toner, A. I GEORGE E. HAMILTON steers coming to this market. Lambs s BECTRIEIRS into calculations. 79 Ches & Ond ov 475, 2000 Turman O} e e e First Vice President. Attorney and Trust Officer are bringing $13 to $15 a hundred Nty Taking Profits. 79 C B & Qreff 5s A s‘!‘g;‘,‘fg"}filfl.‘" { Thompeon. GEORGE E. FLEMING pounds; iere; Alum. Co. of Amer. Jua"Ofer' | while the La Follette resolution| i (1} & Warn 4 824 | 13000 Wileox Oil . - The bank now has a capital of %:.- Second Vice President and Assistant Trust Officer American Tol. & e s lo3% 103% lasking the Department of Justice and | 1 Florida B Coast 4% sai | (300 Woodlsy Bet soen 1000, earned surplus of $36.000. anc is WALTER S. HARBAN Shoes. American Tel. & Tel 6o 1951, 101% 1011} { the Federal Trade Commission what | 20 Fram Ind Dev Ttn o 1000 “X™" Ol & Ga R8T et incregsing its deposits Third Vice President SICESTER. England, May 12 (S American Tobacco ( ©100% 101 ithey proposed to do toward looking ien Electric deb 5. MINING. e LEICESTER, England, May 12 (Spe- | American Tobaces ¢ T l025 1 into the new.steel merger was of no | a0 A agiis ORI . Capital Tra é EDWARD L. HILLYER - cial).—This is one town that admits| Araconda Copper 6s 1929...... 10015 | great consequence of itself, the fact g e A % Y80, 1200 Amer Explor. ture of the lo. % Fourth Vice President and 2d Assistant Trust Officer that trade is looking up. The boot | Anaconda Copper 7s 1829 11 that it shoull have been 8o promptly 100 Bix Ledze - $15.500 fa e EDSON B. OLDS and shoe factories are busy, export|Anglo-American Oil 718 1925... 1038 s |and unanimously adopted by the Sen- 000 Bos & Mon Dev. {97% and ¢ list wa! 100 Bos & Mon Con. 100 Canada Copper . 2000 Candelaria 1900 Con Copper 3800 Copper Canvon 1100 Cresson_Gold stronger generally is gaining 'z point of their rccen oo 4 ¢ {and reaching 68%. Gas notes. T were firm at 10 Stocks were rather quiet. Treasurer trade inquiries are more ‘general, | 4Tmour & Cas 7s 1930 2 % late was bound to make some senti- W. FRANK D. HERRON | While the home demand is excellent. | forhianen Sicel Ta 1o . . ... mental impression on the afternoon AERANK D HERRON All the hosiery factories are on full . nennee 104K otk time. : Tt led to heavy profit taking in the — i steel _shares generally, which in the REGINALD RUTHERFORD Assistant Treasurer Fruit. 3 last hour caused a reaction from the 1000 i 5 = E = "oppe: Metro 4138 1000 Divide Extens Chapt. Eleetl IRVING ZIRPEL 5 8 2 ; 3 - 4 [top. ~ Just what an investigstion| I Iatr: 4 7300 Dolores Esperan:. : R 2| SAN FRANCISCO, May 12 (Special). | Copper Export et 5 L 3 Tnier Rap 1o ref 9000 Eureka Crocsus The result of fhe election st the Secretaryrand 3d Assistant Tr G . icould find umlawful in a combination { 433 Inter Rap Tr ref G E y ust Officer rape growers report indications | Copper Export D 1000 Hard Sbell Miging. Washington Chapter rooms last night which involved only a small minority 81 Intrf Mer Ma s f 6a. v N: rd 11l be pic his | Codahy Packing Co. e 1 t e % Triant Secreiary Vear. “They are rerusing offers of $100 | bu Pont i Tsal. : [0 the ateel production of the country | 18 Ini Paper rif 5o B | B oenaenc 1 3 - was as follows: W, A Dexter. pres.- a ton for choice grapes still un- % is difficult to understand. & Kns City F 8 & M 415 | 400 Jerome Verde Dit gant; Sames:C Dwlin, o vice orell: on Checking Accounts 1 Kas City South 5 ripened. . Gulf 0l Corp. 7 and James A 2 © 1043 Financial Notes. 3 o 5 Chaney. treas on Savings Accounts s 16 Kelly-Spr Tize Se. 08! E aney reasurer, “ 5 ey B T Helng T8 1000, asa - 104 %| 1t 1n reportea from Genoa that the| =32 Larka Sieel o 1950 1083 | 7000 McKinley-Dar-Savag Soper. counsel. .l Kansas City Term. fis 1923, . tandard Oil Compan® has bought the| 5 L & & M & deb 45 28 938 | 100 Magma Copper . { Governors elected were Miss PHILADELPHIA, May 12 (Special).| Kennecott Copper = control of the Nobel Russian oil in- 6 L8 &MS deb4s ‘31 921 Wtflh !‘l_!.-;f-'m {Helen D. Reed, Messrs. E. J M- —Wool buyers from this city are very | Libby, Mc¥ell & Linbe s 1031 terests. The Nobel properties are re-| 1025 | a0 Motveriode. ¢ ;3uade. e J.“\\'ullrr. Charles D, by . 8. P. & 8.8, garded as among the most valuable | 11, | 8500 National Tin . oyer and I. M. Garrett busy in the west buying new clips.| New York Central e H 1034 | 3000 Nevads Ophir | —_— 90 © | 5000 Nevada Siiver 90 100 Nipissing - Ton | 1600 Ray Hercules Mines 113 1% 1iy 8% | 3000 Bilver Dale . 3 3 z 3000 Bilver Pick . E g 7 ’ 1] Growers are realizing much better | Procter & Gambls ;. “ UNION RUST &MPANY Drices for thelr wool.and this is be- | Sears. Toebuck & C A a resull of the oversubscription V | Routhwentern_Bell 7 5 5 and | OF THE:DISTRICT OF COLUMBIA where manufacturers are showing | Southvestern, fiell > Yanis, syndlcite manasers have pot more interest in avallable supplies. | gwift & Co. - 3 chased from the Farm Loan Board ad- : 5 EDWARDW.STELLWAGEN,President i e = { Tesna Coude 32 . £ Gtanat Totds to the astent of 3.1 Nt so o o4 100 South Amer P & I A oslensy 7S Rubber Co. Ts 105 4 000,000, which will be used to retire 8t P & SSM 81, 10215 | 1000 Standard Silver-Ld. .3 LAWRENCE. Mass., May 12 (Spe- | Weatern Electric 7a 1925 ... .. 10578 the 5 per cont Federal Land Bank| 9 MK&T ow prinSsA 16000 Htewars Miniag - | - Westinghouse E. & M. 7s 1931, 10715 bonds now held by the United States! 219 MK&T new adj fis A 1000 Tesopals Cash Boy. | — st Treasury. The additional bonds have | Y RET b 700 Tonopah Divide. i all been sold. i 1000 Tonopah Jim TREASURY CERTIFICAT! The gold holdings of the federal re 1000 Tri-Builion 8 & 37 Mo Pacific gen 4. 4 3 A, : i 2 i serve bank for the first time have 500 Un Metal Tunnel 1% | By Special Leased Wire to The Star. = Lt Aty i {reached the record-breaking sum of 8 X A i 1% NEW YORK. May 12—The bond 141 [ \ ” || e dune 15, 1 1001 3 l‘f“’“"-_',’“"-““”' Anlincrense ciasial o000t $ Conteal bl Tur- 100 United Zine. 2 1i | market as well as the market for 1 ugust 1, 1 1003, since January 1. i e 5 " 8 Cont. 50 s . i1y S8 Aomemoer 15, 1 3- 8 | The net profits of the Stewart Warner T Sninldeb . 5000 Voicaso . 34 |stocks responded readily today to the ; e e L - -16 | Speedometer Company _for the first I o ENCEa 1200 West Bud Cons... . 38 |unexpected announcement of the | 333 october 16, o2 , 100116 | quarter of this vear after depreciation Y Edison ref 6%, 4000 White Caps Mining. 08 08 B |pethichem Steel-Lackawanna Steel N ! 4118 March 15, 1923 and federal tax were equal to 95 cents Y NH&H cv 68 H48 7000 Yerrington ... K R 8430 Jume 15, 1024, i % la share on the outstanding stock and Y NH&H db 4s ° HONDa! merger. p 533 September 13, 1024 .16 | the company showed a profit and loss X 1 Alupioum 7s '33.... 10% 106t 10535 | The immediate effect of the news 4%.e March 15, 1925 4 surplus of $7.871,803. ¥ 15 Am Cotton 0L ou% Usd DS lwu to gend Lackawanna Steel con- 1Amer T&T 6 vertible 5s of 1950 to their highest {price in over two vears. Nearing 93 | they were up 2 points from their clos- jing level on Thursday. Aside from this advance in Lackawanna 5s them- selves, fresh buying came into the |industrial and railway securities. and either resulted in numegous fractional o advances or steadied bonds that bad declined earlier in the week. Bethie- Ihem Stesl 58 were practically un- 45 | changed just above 93 Studebaker Cars never stay on bl e Coupany, of b the flooriover a few days—often not P : 13 B S S o able July 1 to stock of record May 26. over 24 .hours—because we simply s i g ’ e ST can t get them faSt enoug 0 sup_ Selling checks—dollar values at noon tods: . . Tondon . 44415 Rudapest P ply theidemand. Our salesroom is Your Money in |32 TP AL e veritably a “Passing Show” of— Studebakers | (Quotations furnished by W. B. Hibbs & Co.) Another thing, every Studebaker 57 Beth Steel 15 Beth Sieel % 6 Canad Nut Hwy eq 20 Canad Nat. t Steel 1N St Power ref 5 A 35 Nthwn Bell Tel 7s. 4 Or Sb Line gtd 33 1 Oreg Sh Line ref 4n. { 8 Ore-W RR & Nav 45 2 Otis Steel &s A eis Warkaw Pac 3 ! Our Safe Bevitn © Copenhages 108% | Strong Polnts. Rome riftiania 28 Duekard Motve 1035 | Elsewhere in the corporate list im- | Madrid Stockholm ! "8Pa R R 6ls. | Zurich Amsterdam ... 15 Pa R R gen 5s. irst Trust Notes|iiim 5 Admaen. 0% 5Py B R oo i Vienna . . 1.2¢ Montreal gt Pere Marq ref 5e No investor has ever lost a |!By the Associated Press. 1 Plerce Ollaen pa o dollar of princi- NEW YORK, May 12.—Foreign ex-| 18 Prod & Refiners & s interest. change easier; Great Britain demand.{ 16 Reading gen 4 B o vy . 4.4415; cables, 4.44%; sixty-day bills ] on banks, 4.42%. France demand, 9.0915; cables, 9.10. Italy demand, 1014 5 loors | provement occurred in special groups 19% | The Virginia-Carolina Chemical issues 108% | were a feature, jumping & point 1o JN® jover 3 points. There was no ex- _ | planation for the rise except that 4 {conditions in the fdrtilizer industry ta 95" | have been improving. American Cot- 9% 01 1 5 Rio Gr & W_1st Secured by R RT.Arkc & La 414 1 Interboro R T T gz high - class im- 20 8t L & 8 F adj 6 . B bee 3 Inter R T 8s 1922 3% s rea v tuh- proved real . _ ||5:25%; cables, 5.26. Belgium demand.| 13 81 &% ¥ prin n i "2 an Gas & Eiee 6. sois 108 Sna ey estate. We collect and remit | 8.81: cables, 8.3115. 3 % Rt T Southw 1st 4% i 2 Kiags County Lt s | e | D Motor 85 and Kelly-Springfield §5 interest the day it is due, and Germany demand, 34%: cables, 343, 76 8bd Alr Line con 6s. 53~ 876 >, 5, | both advancing almost a point. Pub- handle all details. 3 Holland demand, 38.60; cables, 38.65 3 ok 10+ {1ie utility bonds were active, and, as A1 g Norway demand, 18.68; Sweden d. #7i i g whole, inclined upward. Brooklyn 25 . i, 981, o - Consult Our Loan Dept. mand, 25.60; Denmark demand, 21.27; | ;j5 g;:cr‘:l;rs"mflggr-:z: ,g,é i 91 " | Tnioh Gas 55 went up a half polnt. f23 a4 Switzerland demand, 18.27; Spain d. 102 Sinclair Oil ‘col 7s.. 1003 18% 1 Consolidated Gas 7s were an excep- . . . d, 15.55; Greece demand, 4.2 5 Ko Bell Tel 5s 95 Tt o i d vork sl 1y in our Display Room is for sale— [SHANNON & LUCHY)| || Fiaa &émana, "o5: Creonoatovaiiia| 3 onth Facte cr-ss: 91 81 34 Hion. " Thex continued to work slightis j ‘ M. 2345 gs’?"% }isd “S“:';“;" MMT"" ‘f S:.?'{‘».I'&“ir’&' 4 fi_::" gc‘:x.' ‘1‘:;',, bonds were firm. Interborough Rapid " .37 razi lemand, .95; Montreal, T 8iis " % | ansii refundi: os T bove T4 hot just a SPECIAL SAMPLE Car. : S ST B B B i . . 35 Southern R¥ gen 4s. | eay 1% 154 rose close to 17. Every Car is PERFECT—right 5 e T n, e — 3 B xa8 & Pac 1s . 108% ; Railway mortgages and the lower from the factory—READY TO - ; % on BT e enis Reamenvt o sear o 1 : » B e O s dog 03 2 Stand OIL % {35& i instances. Chicago and Eastern RUN The Car you look at. and like 2 . & Union Pacific 1st 4s. 91% 81 oL Tilinois 5s gained two points, the St. il ‘ - 25 Unlon Pacige ev des o4 B ey 101% | Pauls were firmer, Missouri, Kansas — 1 3 1 < 1 Uaton Tank Car 7or 100> 108% 1 Tol Edison % 106% | gna Texas adjustments were active | s ar u you say so. 4 Dolen, Tank Car 7% Jow lms 3 Tolon O% Calif 65 101 | e 18 UR Inv tet5s Pitts, 861 86 24 Tn O Pred | 2 '%% ;_nd sl’leghlly higher nn‘rl (:'enlr:ld of = 2 Vacuum w rsey were The popularity of Studebaker 4t ; $ oL R 3 W ‘Blectric 2 108 ere were no ‘eatures in the Cars is built on QUALITY, backed | %% % B Windimaer Te sl orsignicxtarnal pmmap Wilhorty bouds, ¢ : 1‘_;3 FOREIGN BONDS. ce{“ loan was slrll('ularly prominent. | 5 g repeatedl . i u ‘ by Splendid Performance under : e i s s | cling fopsacly oy onln ' d ll d -t. l d m. g:::gm g.dfl;.‘n" 3 &:;‘»ii ':'hke‘)l’urge!l ndew Ofl(irll'lg today was - : " e Pacife uickly snapped up. it any ana aitl conauwons, coupte : : 3 Weatern Onien 1o, | s ;:z‘:zl 34.500,000 tCen‘:gal Coai and Cola 3 = ) ; - TR A ! Sompany first mortgage 6 with Moderate Price and Upkéep f”‘“" we d“":’ o supe stock °fu',md exs AmSe LR 8 8 & | ¢ 18% | sinking tund’gold bonds. serles A. - 7 ast week during the three-da hirlwin, S Slma & Garpueim 108 3 102 e TS = e y 4 Wil & Cocv ta 85 up w8 %i| CHICAGO LIVE STOCK MARKET. EXTRAORDINARILY LOW. JOSEPH McREYNOLDS, President Commercial AMiIc & Supply Co. , Telephone ua®™ 817.819 14th Street N. W. Washington Is a Studebaker City - ‘Sale, we are in a position to offer you an at- tractive proposition to trade your car in as part payment on a new ‘ "~ HURLEY MOTOR CO. 1522.13th St N.W. Phone North 6462 CHICAGO, May 12.—Cattle—Re- ceipts, 4,000 head; beef steers and ehe stock fully steady: quality pl :m;lt Steers, R60; bulk, 7.65a825; 3 ¥ ulls weak to 15 Tower: veal calves e e One Sale at $98,000, Latest New |25 higher: stocke and feederlc:n York Record. bulk gdod to_cholce vealers to pack- MERGER PLAN DROPPED. NEW YORK, May 12.—Prices .(I":i-;:nt”::epu 19,000 head; active ‘Total sales of bonds today, were $16,042,000, compared with $18r 00 peviows 4a7 4| EXCHANGE SEAT PRICE UP. $9,587,000 a year ago. = on better grades; lights mostly memberships in the New York Stock | Steady: with ® Tharsdars ® averspe NEW YORK, May 12.—! Exchange still are on the upgrade. , |others § to 10 lower than the & between the directors of the Pierce-| <yilliam A. Larned, former national | erases or’ *about steady with the Arrow. Mbtor. Car Company and the ] sunis. chamoion, sold his seat to|So%¢: tap. 10.85: ‘bulk, 10.20a10.75 Latayetté Motors Company for a con- | grederick F. Bach for §98,000, as packers and hea: mostly 10_lower: solidation of the two companies have egn; oe. with the previous price o & o) Bhot%——Racelpu‘h',,n’:w ““i .prllu'x bee ; lambs firm to 25 higher: eariy sales n dropped owing to the imabllity | %y *recorg price for a stock ex- | California, 15.50: one load to_city to agree upon terms, it was learned change seat, $115,000, was paid dur- today, ing the e:iqm of war speculation. butchers, 16.00; others held at 15.76: sheep and shorn lambs slow to Jowers