Evening Star Newspaper, May 12, 1922, Page 31

Received' by Private Wire THRLL FOR M MARKET INSTEEL MERGER Purchase of Lackawanna by {im ‘“& Bethlehem Announced in New York. By the Assoctated Press. NEW YIORK, May 12.—Purchase of | Am Hide & Lthrpf. 85% the Leckawanna Steel €ompany of|Am Tce. Lackawanna, N. Y., by the Bethlehem | Am Ice pt. Bteel Corporation, Involving the use ©of Bethlohem 7 per cant preferred and Amum"d i class B common stocks in payment | Am Locomotive. ... 118% was announced | Am Locopf. . 1 late yesterday by Eugene G. Grace,|Am Radiator. President of the Bethlehem organiza- Am Agr Chemical.. 8% Am Cotton Ofl. REists. Am Hide & hlfilr. Al!l International. m La France..... 13% for the propertles, Am Ship & Com Am Smeltine. Am Smeiting pt News of the merger, which became| Am Steel Fay. . mown just before the stock market|Am Sugar closed, gave Wall street a real thrill. Lackawanna steel made a net gain of seven points, closing at 65%. There| am manaces (B . 1 totaling { Am Tobacco pf (n). xol 17,100 shares, in the last hour, thejAm Woalen..... 9% largest sale of 1,400 shares being dis- [ Am Woolen p: Posed of at 66, the top price and a new high record for the year. Previous high was 81. The.day's sales | Asso Dry Goods. ‘Were 22,600 shares. Bethlehem Less Active, There was less activity in Bethle- hem steel, which closed at 79, the top price and'a net gain of 1% points. Of day's trading of 11,000 shares, 4.700 were disposed of in the final hour. Shares of the Republic Iron and Steel Company and the Midvale Steel Company, the only stocks in addition | Ralto & Ohlo. Lackawanna, which were in- the proposed merger of | Rarneadall (A). companies i Rarnesdall (B) and traded in on the big board: 2lso | Reth Steel. .. showed substantial gains, Republic | Ret Showing a net gain of lfldvlla of 1%. seventy-three Am Zinc & Lead. Am Zinc & LA pf. .. ‘The | Anaconda. .. . Assoclated Oil. Atchison. ... Atlantic Coast Line. 103% Atlantic Fruit Co. Ead Atlantic Gulf. Austin Nichols. ‘Raldwin Loco ‘Ralto & Ohlo pf. independent Chadbourne, who has| beon bandling the legal affairs in connection with the proposed merger of seven independent gompanies, de- the withdrawal kawanna company would not cause ~an abandonment of the plans, which would be concluded on & six-company In addition to Republic and \ Midvale, Youngstown Steel and Tuba, Brier Steel Company. Company and the Steel and Tuba pany of America. Merger Comes as Surprise. News of the Bethlehem-Lackawanna merger came as a great surprise, not only to the financial district in gen- eral, but to the executives of the tn- dependent _steel these executives were frankly formed some time ago that the Lack- awanna company was negotiating Wwith the Bethlehem corporation, they did not realize that the deal was so near consummation and hoped to in- duce the Lackawanna to accept their clared that Butte & Superior. Inland Steel California Petrol Canadian Pacific. .. 139% Central Leather. Centnl Leathpf... Chlndler Motor...... 'nh Chi & Alton pf. Cni & Eastn Tll. Chi Great West Chi Great W pf. Chi Mil& StP. Chi Mil & St P pt. Directors ot-the Bethlehem and Lackawanna in their respegtive offices next Tuesday to confirm is regarded as On the same day independent com- a foregone executives of the Colo & Southern... panies will meet with representatives | Columbia Gas. of Kuhn, Loeb & Co., arrange the financing of the pendent merger, which will an exchange of securities and cash and the formation of a new holding company or the enlargement of one of the existing companies. in a talk with news- paper men, declared that the Lacka- wanna purchase has absolutely no independent merger and he likewise denied the report that the Bethlehem corpora- Columbla Graph . Comp Tabulator. ConsGasof N Y. + connection ~xvanna, would unite with the others seven-company combination. L Washington Stock Exchange 1,000 $1.000 Kicgs, Reatty be” (shor ¥ eshington :}‘.‘"m ana 1 Elec(m: FTER CALL. Fashington Haitway and Blectrle com.—10 * \dorgenthaler Linotype—2 at 155. Money—Call loans, 588 per cent. Gen Am TankCar.. 68 Bid and Asked Prices. PUBLIC UTILITY. | Gen Mot 6% deb. Gen Mot 7% deb. Goodrich. .. - Granby Consol. American Tel. and Telga. 4 Indian Refining. Inspiration. ... ... & nterboro Metro. Interboro Met pf'. Intl Agri Chemical. * 10% Intl Cement .. . - Int Combustn Eng.. 25% 96% . and Eiec. & wy. and Elec. g. m. 65, 08% MISCELLANEOUS. TRUST COMPANY. American Security and Trast Continental Trust .. National Savings and Trust Kayser (Jullus) . 240 .| Keliy-Spring Tire, Kelly-Spring 8% pf. m1 Kennecott. ... Lackawanna Steel.. 78 Gas. Lake Erle & W pf. Lahigh Valley. .. mot!: East Washington Mack Truck . ... 48% Manhatn Elec Sup 6% El /43 | Manhattan Shirt. Market St prior. ... 804 St Ry 2nd e BULLS FORCE UPTURN | IN WHEAT AT CHICAGO CHICAGO, May 12.—Aggressive ac- tion on the part of bulls forced a Bavings and the Du Pont|ReWw eupturn in wheat prices today Direct to The Star Office. 4 Open. High. Low. Clase. :mlitwm..mu 1ok ek 1064 . merican, m % 5T The eompllation of bank deposits K Merchant: North American pt. a% % o% during the early dealin, Brokers. &% Ipreparea+by A. P. Savage of the Na- |National are eliminated. bl g8, Northerd Facite. .. 164 Wa 106 {0k tional Savings and Trust Company|,The New Merchants' Bank andlon "tho Bull side bousnt 105,000 prsh Ohio Body & Blow. . nu 12% 10% 120%|is made public herewith. ny comparison that might be made |®8 the moment the market opened Oklahoma Prod % A number of new savings institu- | would be with deposits of banks that ‘,‘ other liberal orders to purchas Orpheum Clrcutt. do not exis 0 were quickly filled. while, O e tons are included, the Btandard 1s|dg not exist™ = o de- however, - the opposing element had transferred from the savings groud|posits, apparent and actual, appear |dellvered more ‘than half a million to the national bank list, while the'elsewhgre. bushels on May contracts and to- ! day's recelpts here were announced o NATIONAL BANKS. S 2 : as Aamounting to 20 carloads, @ a atn. Low. |generous total. Under such circum- 9% American 64,008,835.42° $14.21608 stances, the upward swing of the. 00 644, [ Columble ey market was soon checked and some- 6% 2% 6% | [EeT e 6,168,088.78 thing of a reaction ensued. The Pan-Am Pete (B).. 55 8§71 884 67 |Farmers and Mochanles’ ... 2,489, 1400'202.08 opening, which varled from un- Pennsylvania. “i % 40% | Federal 4906,400. 621,568,904 changed figures to % higher, with Penn Seabd Steel. n 1% 300,900 A39030.24 May il fo 145k and July 126% L 878 114,567.22 o was followed by a rise of i S budstam 34 1% for May and with lesser gains for % 1,027, 1,040,584.94 July and September. 5% 2% 24, 24.615,576.28 Corn and oats were firmer with i [ e s ey :vhe;n‘l yAlter opening a shade lower sliington . 282,854 o Ka gher, with July 65% to gmo-:rmw..‘ n 1K 2% Biandara 522.817.08 66%. the corn market sagged a trifie, Plerce m:w' o 0% 10% 10% nua.b«.m 72 Plerce Ofl pt. 5 89 8 . Pitts Conl. ou 6 saem om0 zs.mk“l-lfc Policy, $57.35 Pltts & W 5% 36 GREAR 903,949 A% s, date ot nmn Tor timetra s g 1,297.081 od 1885." Assets over $300,000. Pond Creek Coal. Ea wumn' on .. 907,285, M. LE ROY nul’l‘. Tnsurance Adviser Postum Cereal. % Exchange 717,380 Postum Cereal pf Hamilton 048,217, Boom 610, Wondward potiding. M. 840, Produrere & Ret Metatiien e Mount Vernon . North Capital Northeast Northwest . Park WE PA Potomac 00 100 100 | Securit; Raliway Steel Spr 1w | secarity a3 i WITH THE COMPANY Read!, % % TI% United States Rending... e T T | Wathieion ucciaiics WE EARN Rep Iron & Steel. .. 6% 684 6% 8% 0—:» Righest, interest Replron & StIpf... (0% W% 9 (90 Tife “Insurance Cor Rep Motor Truck... 8 8 8 8 pnny. R J Reynolds (B). 4% 46 “% 8 Anen ® 2% | Departmental Royal Dutch . e m’-mzfimn Exehan uvsumm COSTS LESS in fl' n Lenlrll. wny pay moref e Am-. %160, Organised 1867 . St L& San Fran 2% 28% 29% | Woodridge Loan and Commercial 78,65 o StLouls Southwn.. 29 29 284 Y| g ... §25,420,20812 $26,366,730.66 E.S. BRAiH‘EA‘ u:lststmcm.t Agent St Louis Sown pf. .. « “wh o« t:: TRUST COMPANIES. 2 :% ;“ | & 'fi""' ol % s‘.‘:‘% Rl pITION * ontineatal 5 EPORT OF THE CON 2 Seaboard Atr Line. . l" 75 2T L L e of the Seaboard A L 0% 10% 10% (10 "-'“ avings . B AT o e i I EXCHANGE BANK W 3 2% 18 llntlnnn' Banl Of Washington. At Washington, in the District of Columbis, & oue' of business Day 5, 103 " RESOURCES. 1. & Loans snd discoun including .. $58.078,680.35 $01,167,850.98 32,168,401.63 208% 90 905 R.EFAPI’T('L\T]U.\' 2% B 28% nuc-n bh:n,:u Southern Ry pf..... 56 66% 56 bsl | Bavings banks Spicer Mfg Co. Bt Lompanien Stand Ofl of Calif. .. .$177,407,061.45 $183,080,007.55 $5,673.936.10 ‘as ‘Dank was organized beiween calis. If added would give & tals INot ncided"in” tota St d B —— 3 Sterling Products. . wold Cwith tndorsa: Stewart-Warner. Texcept those shawn, Eeives b d 2| Grain, Prod d Live Stock| Studebaker. .. 16% U8% 114% 18 T am, r uce an lve toc -: 1:‘! o otal loans . Submarine Dodt, A GRAIN AND PROVISIONS. LOCAT, WHOLESALE PRICES, 2. Overdratin, s Z Superlor Steel . 8% 8% 8 .o6%| BALTIMORE, May 12 (Special).—| Eggs—Strictly fresh, selected, per| , n."'";?"’".'.',;a'..‘.’.“.';. T SweetsCoof Am.. 8% 3% 8% a% |Potatoes. white, 100 pounds, 1.25a1.73; | dozen, 27; average receipts, 26; south- .205.99 waed - No. 2, 75a1.00; new, barrel, 4.0086.00; | o : omr e i 1% n% ny |bushel, a2.50; sweets and yams, Srd i % | bushel, 1.2581.76; No. 2, 50a75. Aspara- v ponitryisHonsteia: per T U | 6 B ine. basis e "°","'ofl°n 2 5‘:_:’ 30, eiooans, | turkeys, per Ib., 26a30; chickens, win- ‘tare and fixtures, er, 1.5 eets, bui 4 " i, Morate, 3.30a3.80. Carrots, | 9 Per 1b, 40a50; spring chickens, bunch, 3%a6. Celery, dozen, 90al.50; |Per 1b., 50a60; keats, young. each, o crate, 2.0024.00. Cucumbers, crate, | 50a60; fowls, 25, , pim. nation Fing 1.50a3.00. Eggplants, crate, 2.08a3.50. Dressed poultry—Fresh-killed win- 'lnm fluf items ©, 1’0 - Tenn Copper. ..! Texas Company. £ Texas Gulf Sulphur €% % €% Q% Texas & Pacific.... 53.370.00 Fid Kale, bushel, $5a50. ler ch|ckenx per 1b., 40a46; hens, per{ . and 13 - TolStLEWnDEB. 66 ¢ 4 4 | Lettuce, basket, 1.00a2.00. Onlons.' 0; roosters, per Ib., 20; turkeys, |14 Checks on funks focsted oot TranaContlOil.... 18% 1% 18% 1% |100 pounds, 3.5025.00: No. 2, 2.50a3.00. Der i \ 30a40; kea's, young, each, 60. s Jank: a0 athes m,, Transue & Willms.,42% 43 424 & .|Peas, bushel, 2.25a2.50. Peppers, crate, | Live’ stock-—Calves, chowe, per Ib., \’? : co24.40 2.00a4.00. Radishes, 100 bunches, 50a | 10; medium, n.sxg thin, 5a7. Lambs, | . 1,684 30 Union Ofl.... 21% |1.50. Rhubard, bunch, 5a7. Spinach. | choice, per’ Ib., 16. Live hogs, Der & o Union Pacific 1877 { bushel. 75a1.00. Squash. crate, 3.00a|lb.. 11. = United Aloy St s9% {3-50. Tomatoes, crate, 2.0089.50. Green frutt—Apples, per bbl., 5.008 = United Fruit. 1084 | APples. packed, barrel. 5.50a8.00;19.00; per bu. hukegznoa"n Jestern, 5 United Ry Inv . [No. 2, 4.5025.50; bushel, 1.50a2.25; hox per box, California ‘oranges. it R I 1% | apples, 2.00a3.50. Grapefruit, Der crate, 7 00s 0 ,per DOX.|17. Capital stock paid in .00 United Ry Inv pf. %0 |250a4.00. Oranges, box, soo-x 0. 150:500 Grapefruit, per box, 3.50a}18 Surnius fund .00 United Retalil Strs. 58 7 5.00. Florida 50, 'Straw- | 10. Undivided profis Strawberries, quart, 10a17. oranges, 6.50a8.5 At USCamtirPips... 14 % &% 'a% Saiting Pricos at 1 0°Cleck: berries. 8azs. s ol ':'u. indus ol. I i Vegeta , No. 3 er o m &4 8| Wheat—No. 1 Ted winter, spot. no!bbl. ©3.50u5T5; hor Crachy " 3.26a2.60. G ‘es |quotations; No. 3 red winter, spot, New potatoes, per bbl, No. 1, 6.50a 2oy | 148%; No. 2 red winter, garlicky, spot. | 675 No. 2, '425adS0. ' Sweets; 400a| cLess corrent or 1.48; May wheat, no sale. Yams, 3.00a4.00. Lettuce, sotth- penses, interest and l:“ 5 Sorm—Cob corn, old, yellow, qunted'fm per erate. 1.00a1.50, Romatne Taxes paid - 1 per barrel; contract corn, spot,|lettuce, 1.50a2.00. Cymblings, per 6% | 7035 No. 4 corn, apot, 69; track corn,| crate, ' 1.50a3.00. Onions, DT CTALE, | 33 Corbjers checks onetandume 1% | yellow, No. 3 or better, 73a73%. 2.00a3.00. Cabbage, new, per Ccwi.| Total of items 20, 21. 22 Sales—1,000 bushels No. 1 white, at|2.00a3.00. Cucumbers, 2.00a3.50. Egg- and 24 . ©.33.183.70 8% 1 71%. plants, per crate, 3.00a3.50. Tomatoes, Demand deposits (other than . 2% | "Oute—White, No. 2. 49%a0 per|per Box. Florida. 4.00a475. . Beans| bask deposi). ” (Deposts T bushel; No. 3, 49a49 per bushel. 2.00a4.00 per basket. Peas, 2.00a3.00. 25 lndl\"l:!u:t 'fivflll‘. - ValronCoal &C.. B4% 88% B4 68%| Itye—Nearby, 95ai.06 pew bushel; | Peppers, per crate, 2.50a4.50. Kale, 75a | 25 105 i VivadoU.......... 13% 15% 13K 13%|No. 2 western export, spot, 1.17 75a1.50. Asparagus, per doz., 1.0084.00. ] 29 Dividend rr3 No. 3, no quotations. Spinach, per bbl., 1.00a1.50. Total of demand deposits (other 0% 10% ] H Receipts, 20 tons; range is 2"1 ”largm ), items 20% 30K |18.00a21.00 for good to choice timothy A BILVER GUOTATIONS 2 {and mixed hay; market firm; supply 0% | on hand ample for trade. NEW YORK, May 12.—Forelgn bar | Btraw—No. 1 tangled rve, 15.00; No. | siiver. 70%. Mexican doliars, 53%. 1 wheat, 11.50a12.00; No. 1 oat, nomi-{ LONDON, May 12— Bar silver, 75% nal, 12.00a13.00. pence per ounce; money. 11 per cent; {31 certideates of deposit (other ceew | P2 S discount rates, short bills, 2% Der |, o ila8 fof mones borrowed).... I% 1 uk| NEW YORK, May 12_-Flour, firmly | cont; three-month bills, 2 5- 3. vl of B % 10% o or Bubject 1o 30 daze: mn "Botice) and posial Westhse E& M.... 62% 6% 61% Wheeling & L E. White Eagle Refin. White Motor. White Ofl. . Wickwire Si 18% | middle west, 11.85a12.00. Other arti Wilson Company.. 4 % 4 .45%|cles unchanged. CITIZENS SAVINGS WG RS willys-Overland wbove statement is true 1o the best of my 6 ) ] held; spring patents. 8.00a8.50: soft|cent. A3% per " Todal of tide den winter straights, 6.50a6.76; hard win- g ter straights, 7.40a7.75. Lard, firm BErURT OF NDITION | Total ... O DO m-me- oot of Columbia, Uity of Washington A cashier of T Siemals swent thes the ON FUNDS LEFT|, w..m; [i LIA 337.233.41 | 17. Capital stock v-m in i1 5 8 8 Th Ta 4 CHICAGO, May 12.—Potatoes, weak: bellef. Willys-Ovld pf.... 3% 38k 38K .384: eceipts, 54 cars; total United States ! BANK. koowledse and bERE p xaGEL, Cashier Worthington Pmp. 51 61 61 51 Ixpipments, 1." Northern whites, ! a¢ waaninzton, In the District ,, c.lnan at suu'rfl;}ed -ulam-_-un to before me ths 11th Bigh. Low. La “dnciml‘)iulkw;“o“‘ the close of business May %ty 7 17AMES M. WOODWARD, Call Money..... 3% 3% ¥ Idaho, sacked, rurals, 1.60a RESOUKCES. Noigry::Pablle. Correct—Attest: ES OF lmcxa. ; Idaho, sacked, russets, 1. a Loans and dis- B W. K. REEV] HOURLY: SAL 130 cwt. New stock steady. Florida vty dnclnd- LD, 01,300 Suuldins rose, double-headed barrels, Pt FEE . . E. GHISELLI, No. 1, 6.25; No. 2, 4.00a4.25; Alabama, ances of other J. E. m‘u\l{-w“' sacked, bliss triumphs, No. 1, 3.70a3.60 EW v i:n ». JOHN FsCHRINER, Direct .19% —— cwt.; No. 2, 1.50a2.00 cwt. WHEAT— Open. High. Low. Close. l.as 148% 144° 1aX ¥ 128 128 Beptember . 20% 119% 119 y Of the i 28 e NAL BANK CURB MAP'(H' = B & mgmel LINCOLN NATIONAL B. hington, in the District of Columbis, at the close ¢f bumness on July 5E OBk tazza5 | A Washington, May 5, 1922, AL s 2, By Special Leassd Wire to % 142,061.25 e NEW YORK, lhy'hlfi. gt DAIRY MARKETS. 17881870 1. a Loans and dilrcofl(:(l. ‘I‘:;l:;il:gdrlo‘#:f;:l:fi.l::; K X 3 b cf other B e Sraters ‘ooverea. theie | BALTINORE, Md, ay 12 (Specia) ) o of clier bente ent e Mt S shorts put out durlng tife past few days | —Poultry—Live, spring chickens, 1b., | 5, Amount due from state bani i this bank (except those shown in b and ¢). - ¢ buying | 50a65; white leghorns, 40; young bankers and trust companies in . 51 and there was a resigmption of buying 7 5 the United States (other than Total loans .... 5 | by commission hous ss in some issues. winter, 40a45; large, 30240; old hens, 0} 400185 | 2. Overdrafts, unsecured, $580.5 .57 s 24a26; old roosters, 19a25; amall, 1. 16138 | 4 U. S. government securities owned: il shares were again the leaders, but : & irculation (U. 5. bonds, some of the miscéflaneous issues 2lso | PiSeons, pair, 35a40; guinea fowls, and 13 - a D;::-i::fu ew secure circula! . $120,000.00 e t ' than for some | each, 70875; old, 40 ide of ci town of b AN other United Siates government -ecurmn sy i Exirs, (loss o)X Bt S5k o TR A reiuding rembume, 1 533 - s06.636 time. . Brooklya City Rallroad sold at}grgig " gozen, 25; but then scored wlight general nln-. Oats started unchanged to % high- er, July 40%, and later went a little ther all round. ovisions responded a little to the upward tendency of grain. —_._ 8T. 'AUL, May 12 (Special).— About ‘l 000,000 worth of new build- ing construction was started in Min- . nesota and North and South Dakota in April. Of this amount 46 per cent ‘was for residential structuree.. Let” us manage your Rental Prop- erty. Over a Quar- ter of a Century Experience. B.F.SAUL CO. 1412 Eye St. N.W. Main 2100 - REPORT OF THE CONDITION SECURITY - SAVINGS AND COMMERCIAL BANK, RESOURCES. Loans and dis- counts, includi rediscounts, - ac. cepiances of other banks, and foreign bills of L A B ses. 052,59 2. Overdrafts. unsecured, $.79 4. T. 8. m"rflmenl securities ) 2 B doi Ucerisg hou Total of items 9, 10. and 13 - _$33 14. Checks on banks Jocated out- side of €ity or tuwn of re- porting bank and other Total ] eserved for in- * fevear and tazes accrued .. $100,235.11 ¢ Less current ex- ses, interest and taxes paid. 8.796.66% 21. Amount due to national baaks "15.00 2] Amount due fo state baukx, bunkers and nies in the Uni and foreign countries than fncluded i items and 23, Certi| 24 Cashier's checks Total of {tems 2, D-m-na deposit bank eppm\m. \Ikm-hl Bt Geponits sunect to - s sul = hd;ac_ i . 1,639,810.33 in 20 g han 50 days (other than Tor money borrowed). . Deposits requiring notice, 8 e Than 30 daye—S: 29. Dividends unpaid.. 2 Roai "ot “demand "flcm it 74,870.36 days, or ubn( to 30 dn 2r Sore otice) and postal cates of deposit (other o c':n‘nc for money borrowed 81,652.21 34 ted " States depoy saving 7 fl unbllln(r other bove I‘l;!fll difference ........w. . “pelien” Tanents * ankihg . BAULSIR, cashier of the ‘abovenumed \nk, solemuly swear that | tement is true 1o the best of my | belief. SAMUEL R. BAULSIR, Cashier. 4 Subseribed %0y sworn to before me this Sth | day of May, 192 seal.) A Cerrect—Adttest: VIN M. GUSDORF, Notary Public. F. G. Addison. jr., Jno. B. Harrel. Milis; Sidney W. Straus, oar i 3udd. Morris Simone W Hiad Fastor, Towniey 4. McKee, . Peyser, Fred ee. Julius 1. Peyse: % hters, REFORT OF CONDITION the highest Dice touched since the re- | Butter--Creamery, fancy, 1b., 38a39; A b e26.836.00 Products Exports | prints, 39a4l; nearby creamery, 35a 5. Other bonds, !mk.' securities, ste. . ' 55584176 celvera D, b P e showing | 37; Iadles, 34asé: rolls, 32a2(: store & Baniing house, $115,000; furniture and fixtures. $10,000... . 00.00 tantl e ynpathy | packed, 2% dairy prints, 23a24; e th-of Isaucs on the stock | Drocess butter, 26a3 e oy tollod by the same in-| CHICAGO, May 12.—Butter—Lower; exhange oo o caused & later |creamery, extras, 84%: firsts, 31a34; e Morr tractionsl | e Siedy; Tecainter 200 cases ecorded a o e 3 I fi‘}.a e reo e o o in | firste, 24}3a35; ordinary firsts, . Zaa 12. Exchanges for clearing house. o shares | 223 ; miscellaneous, 23%a24; storage than item 12).. 33.213.26 Sy b Lt ."é‘mffifl ml;nl;:els u.rl? packed extras, 26%a27; storage € Less corrent ex- b‘;:;a(lnsful:em:s 10, 11, 12 and 13 $601.163.81 i Vanesng to el mew high record on |packed firsts, 36a26%. ; Denses, . intereat S Ttaliot i, 1D 100.00§ ratrd E L tbuying by houses whioh | Poultry—Live, higher; . fowls, ' 26;| - and taxes paid 1472145 | 15, Redemption fund with U. 5. treasurer and due from U. §. i Tpeon identified with the selling | broilers, 38a46; roosters;, 15. 2, Amount due to X treasurer ... i Thkasseanssnsnsies GANNY of the preferred stock. Cuban Domin- bankers and $5,330,285.14 | less active, but con- the United mm and fimln Total Ifan Sugar was loss sctive, but oo | COITON DROPS, THEN BEACTS, | ioimbics fotser fan tncioded Y high ground, and American Drug| NEW YORK, May 12—The cotton 500.75 Stores duplicated its top made a day|market opened at @ decline of 2 to 4,129.02 H g:?;‘;fl’- -rt::: paid in. s wasisa. 12 points under renewed realising’and 15, Undivided profits local selling. promoted by a |more a Reserved for interest an: An urgent demand for Mexican Sea- | fayorable weather map than anticl- CENRAC Y es S5 se saca s board at a sharp advance was the|pated. The offerings were compara- feature of the oll department. There | ively light, however, and prices soon Was considerable irregularity in this | tyoy; Et. however, and prices soon group, & number of lssues showing|from Manchester and the domestic Circulating notes outstanding. small losses on moderate selling or- | coods markets and reports of a more n200; 3 s s due to federal reserve bank (deforred credits). 38,248.3 dors. Standard Oll of Indlana was | Sotie spot demand in the south. Jaly 5 23 Amount due to ‘state banks, bankers and trust companies in lower at the start, but rallied later, | contracts sold up from 19.42 to 19.65 the United States and foreign countries (other than included and Imperial Oll of Canada rose sev- |and October from 1947 to 19.60 in items 21 or 22)........ . 220.960.55 eral points. Omar Oll was higher, due | ghortly after the call, or about 1 to 24. Certified checks outstanding. .. 1717378 to a scarcity of offerings. - Mining |4 points above yesterday's close. oo eTent® cars Total of items 21, 22 22, 23, 24 and 25... . $276,382.70 shares were active, but irregular.|There was a little scattered southern 2,.. T e, matice) and rplml deposits (other than bank deposits) subject to re- Boston and Montana reached the dol- | gelling, but a’considerable trade de- postal savings: - serve (deposits payable within 30 days) lar mark for the first time in several|mand was reported, While there was g1 Certificates of deposit (other 26. Individual deposits subject to check... 2,063,420.06 months. Independence Lead was|also buying for commissjon house mm) B85,008.87 | 47, Certificates of deposit due In less than thirty dlyl (othsr thad ligher. There was @ better demand{anq New Orleans sccount. Private £280,205.81 for money borrowed).... . 28,470.00 for bonds, but price changes were | wires nvorted rains at two or three 80. Dividénds unpaid . - 161.00 small, Texas points, but the early outlook Total of demand sits (othor than bank de- 7% 2 appeared g‘ be e‘:p't g‘l,:md:nt‘my‘oir mlt-) -llhllcl to reserve, items 26, 27, zi, 29, eaoeie the sou! ex o . % ! = N. Y. RESERVE BANK SHOWING :‘l‘on- in east Texas and Arkansas. days, or NEW. YORK,'May 12:—The state-{ NEW ORLEANS, May 12—Liqulda-| , , SS(s000t, e fnag . 3.996,249.99 ~|tion of the long interest and much ot et O OO e Fore ooyl Re- | | ter weather over the belt put the| Ao stafedzReserre depre- of business May 10 shows: ca of cotton lower by 19 to 21 Total gold reserves, $1,130,034,461,- | Points in the first hour of the season | 36: total zemerves, $1,156,564,692.61, | today. The market was steadled by mw bl Total 3 Biits' dincounted secured by govarn: | Private messages to local brokers|Distriet of Colimbia Gy of Washiisteh e wesnington, D_ll.nrlct “of Columbia, s, 32, 33, 34 and 36....ooneeen 7. Real estate owned other thah banking house §. Lawful reserve with federal reserve bank. 60,000,00 | 10, Cash in vault and amount due from national banks 11. Amount due from state banks, bankers and trust companies in 2 the United States (other than included in items &, 9 and 10) 88,873.28 13. Checks on other banks in the same city or town as repnrflng 622,007.37 © Less current expenses, interest and taxes paid. ~ 30,147.12 ‘otal of time fllpoll'.- ‘subject to 83,500.68 $300,000.00 300,000.00 38,000.00 ————— $177,648.51 147,501.39 118,100.f 00 -$3,096,249.99 bligations: Fi estimating sales of print cloths n 1, 'Y, cashier of the above-named bank, do solemniy ;';3"%7:'5115: l:-;l: ey | e Fall Rivec this wook 2% 380,000 l"‘“'u" it o, o et ok =y rwear’ hat tho above statement is true to the bert of ;nglléng:gs: ‘and 209: bil n open m E Manchas repor! A wisdge ‘and. beltet. ALB] 5 3 904,264.32; to’ul bml: on l:;:;t‘ ::1 . lu‘.k“ 'l'h_‘- .“t ::‘ .:lti:l:h a !lnr_ g nmna mumu. -amllh Tith Enbu:rlhed 2nd sworn had before nejl‘h;‘s Elsn:. d;g l?é l{u’;‘v é.. RISk SIEEANTTL AL AT, Satets SEOL- | Bo masket o 15800 "waisa. Tor (he | axg SRy, o o“'m' b mm""'._ (Sesl) otary . 455.78; due to members, reserve ac.|third day in success! 50 caused IREINER, count, $734,316,273.46;" total depostis, much. col overesatarte §165,06231219; fodord] reserv J-.'_._._— é otes clreulation, §619,313,793. - t_rallway in the world B3 : in n-:&n uiation, B 3619,315,1 318 a.m | First e York end. AR 2E - kit htfil‘,htkawmln§w York k S l-i cent, . w for muldn 3832 -u i first deed b oA gy commimion. fer & Wom £, Joseph 1. L Wel OFFICE ROOMS International Building FORMERLY INTERSTATE BLI 13191321 F St. N.W. A Few Very Desirable McKeever & Goss 1405 Eye St. EQUITABLE Co-Operative Building on, in the District of Columbia, at Annets . Surplus Great Accomplishments , more than ever iu a financial wiy Shares, $2.50 Per Month EQUITABLE BUILDING JOHN JOY EDSON. President FRANK P. Funds Available for first mortgage loans on Northwest residence prop- erty. prompt attention. ’ F. H. Smith Company 1414 Eye St. N.W. 1,538,146.05 S — el LIBERTY BOND PRICES FOR $100 BONDS TODAY Int 4% . 7 Bonds Bought in All Denominations LIBERTY BOND EXCHANGE 604 ANNOUNCING WASHINGTON OFFICE 706-7 Edmunds Building E. A. CAMPBELL & CO. E. A. Campbeli, formerly of the “in cherge” staff of Haskins & Belis C. P. New York Washington “Cmuervatlve Investors ot 8 TBent e eret st o ek o5 a single pemay In sitber principal or 18terest. *_ Buch Ts_the protection, service and attention given our investors in First Mortgage Notes The only curities ylelding the maximum rate of interest. Notes from szsaooup to Fifty-Three Years’ —in the finan have been investing the funds of wise and conservative citi- zens in our First Mortgage Notes on Washington im- proved property. W-m"deprestlons. changes of administration have never affected the par value of these Notes. They are protected as hard and fast as human ex- rlem:e can protect them. eereeats...$6,330,285.1% Swartzell, Rheem & w«u bmaar of trust on real estate, m'- FOR RENT Offices Left Reasonable Rents Rental Agents Main 4752 Association Organized IN7TH 42d YEAR CO™PLETED .. .$4.40%,629.00 .. $1,144,464.69 Through §ystemntic Subseriptions for the 83d Issue of Stock Being Recelved 915 F St. R.W. REI ESIDE, Secy. Applications given ..100.54 NO COMMISSIONS CHARGED. St. N.W. The Opening of Our 911 15th Street N.W. As. Public accounting, ex- aminations for banks, efficiency and factory practice, income, excess profits and estate tax procedure. Main 7434 “To the” ” the mauy years of our investing absotutely sate form of se. 923 Fd‘leenflx St. N.W. Dept —Main $6. We Have Had Experience 1 world. We are to be had in denom- ranging from $100 to sm.m and the liberal inter- est is puld. without fail, on the day it is due. Our Experience Is At Your Service Hensey 727 15th Street N.W. ‘Washington, D. C. The Natien's Home Town SiYm’ulu-lhfl