Evening Star Newspaper, May 16, 1922, Page 24

MORE ACTIVE TRADE -~ ONCURB MARKE Some Oils, Motors and Radio Were in Better Request. By Special Leased Wire to The Star. NEW YORK, May -16.—Although there .were periods of irregularity at times on the curb exchange to- day, a number of the leading issues continued in good. demand and es- tablished new high regords. Dealings were on a large scale, with commission houses quite active, especially during the forenoon, and the professional traders purchasing to cover the shorts put out in the final half hour of trading vesterday. Fensland Oil was prominent, urgent buying putting that stock to Its high record following announce- ments” that the new well near the Tea Pot Dome, which came in a week ago, had increased its flow to more than 2,500 barrels a day. Mexican Seaboard was in better demand at times. The company is paying a_ monthly dividend ~of 50 - cents and retiring $1,000,000 of its debentures. = Tnese will all be paid off by No- vember at the present rate,' When the 1,000,000 monthly appropriation will : hereased dividenas. Cities Service shares, Standard Oil of Indiena, Standard Oil of Kentucky and International Petro- leum were firm for a time, but profit- taking caused later recessions. Vene- zuela Petroleum was traded In for the first time. starting at 6%. Cuban-Dominican Sugar and Dan- jels Motors, the latest additions to the list, were the leaders in the miscel- laneous group and established new high records again. Daniels was in- fluenced by a strong balance sheet made public showing cash on hand January 31 last of $330,000 and net working balance of $935,000. The radio issues were in better de- mand. Dubllier Radio was bought by stock exchange houses. Interborough voting trust certificates rallied after an easier start. Tobacco Products and Phillip Morris were steady. Motherlode was the feature of the mining department. The buying was accompanied by talk of an early divi- dend on the stock. Large refiners have raised price of light fuel oil quarter cent to 5 cents a zallon. s REAL ESTATE LOANS. WE HAVE MONEY AVAILABLE FOR on improved properts in the D. C., or for new building, at the usual rates and commissions. Applicants can have quick answer. LOUIS P. SHOEMAKER, . 1407 New York ave. n.w. Main 1156, MONEY TO LOAN UN HEAL LSTATE Prevailing interest and commissions. THOMAS J. FISHER & CO., INC.. 788 15th st. n.w. . 319 Colorado o7 MONEY TO LUAN ON DISTRICT REAL BS- fate, secured by frst or second trust. MAR SHALL McKIBEIN, 906 Wood'd bl ount. evate QUINTER, THOMAS & CO. 819 15th n.w. Main 8416. WE HAVE AVAILABLE FOR IMMEDIATE disbursement frst trust money secured by D. €. real estate. " Applications guarasteed immediate_attention. ‘See Mr READ. WILLIAM K. HARTUNG, w. X, 1342 New York ave. AONEY TO LOAN ON D. C. REAL ESTATB and 7 per cent. JESSE L. HEISKELL, Eye st. n.w__ MO! !YNI‘A"Ahi.D R Siate: Brat or second trasts LU 1f you bave p CHS, T13 14th st. SONEY T ON REAL MARKET EATES. PROMPT ATTENTION T;Ler & Rutherford, Inc.; ITABLISHED SINCE 1872. 1018 VERMONT "AVENUE N.W. ‘We Make First Trust Loans. All ienth tS Al opleime g T e, " CHAS. D. SAGER, _ Main 36 Tosn Dept 928 15th 8t. Fw. LEGAL NOTICES LEO P. HARLOW, Atforney. NOTICE OF VOLUNTARY DISSOLUTION OF partnership.—As ‘required by Section 1527, District of Columbia code, we hereby give notice that the partuership heretofore c: on by us, under the firm name of McKay & 715 14th st. n.w.. Washington, . ereby dissolve Given under 'our hands this 2ist day of April, A.D. 1922, ANDREW ' E.” McKAY, GEORGE MORRIS. Witness: CATHERINE E. CATE. UNITED STATES OF AMERICA. ss. District of Columbia, o 5 1, Cathe . Cal natary ‘public in asd for’ the said District of Columbia, do hereby certify that George Morris and 'Andrew E. to a certain notice of volun- rtnership, bearin AD‘I;II, A.D. . personally’ a) me in said District, and Andrew E . McKay, ‘well nown to me as the persons xecuted the sald notice of voluntary tion of partuership, .and acknowledged the same to be their act and deed. Given under my hand and ses .D. (Seal.) INE E. CATE. ‘District of Columbit My commission expires Feb. 1, 1927. In accordance with the provisions of section 1527 of thé District of Columbia cnde. T here by designate The Evening Star and the Wash- ington Post au the mewspapers in which pub- lication of the above notice of voluntary dsso- Intion of partnership shall be publ.shed. MOR- GAN H. BEACH, Clerk, Supreme Court,-Dis- trict of Columbla. (Seal) True copy. MOR. GAN H. BEACH, Clerk. By. G. BUCKMAN, Anst._Clerk. 525, my: EDUCATIONAL FRENCH 3%00%.0% ‘WASHINGTON Native Teachers. Private or Class Instruc- tion. Special Summer Rates. 918 F. Fr. 263. © Private Lessons n Mathematics, Belences, Languages, Music. ALBERT JONAS 1413 20th 8t. N.W. Washington Business College, 1416 Eye N.W. Main 4959, Bookkeeping and accommtancy and secrets- rial courses. Summer sessions. New classes begin Monday. Spanish School of Washington - Profs. from Spaln. 1310-17 F n.w. M. 5685 'ACCOUNTANCY 1w Evening C| PACE INSTITUTE 715 G ST. N.W., Cerner 8tk azd G Sts. = MOVING, PACKING & STORAGE CLEAN, DRY STORAGE FOR ¢ piancs. Estimates cheerfull UNION i€ ® STORAGE rried | B LOCAL WH E PRICES. | . Egs—Strictly tresh, selected candled, | per dozen, 26a27; average recelpts. 28%; southern, 25. | Live poultry—Roosters, per 1b., 18: turkevs, per 1b., 25a30; chickens, win- ter, per 1b, 40aS0; spring chickens, per 1b., 50a60; ,' each, 50a60; fow I"u keats, young, Dressed pouitry—Fresh-killed win- ter chickens, per Ib., 40a45; hens. per ., 30; roosters, per 1b., 20; turkeys, Der Ib., 35a40; keats, young, each, 60. Live stock—Calves, choice: per Ib., 10; medium, 9a9%; thin, 5a7. Lambs, lc‘:Dkg-e. per 1b., “16. Live hogs, ber reen frujt—Apples, per bbl., b {9-00; per bu. basket, 2.00a2.75; western, per box, 2.76a4.25. ' California oranges. 6.5028.00. Lemons, per boxX. Grapefrut, 5.008 Florida oranges, southern, 8a23; home-grown, Vegetables—Potatoes, No. bbl. 2.50a2.75; per aack, per bbl, No. 1, 2504.50, 'Sweets, 4. 4.00. Lettuce, south- 75a1.26. Romaine Cymblings, Onlons, per New potatoes, > S .50, Yar ern, lettuce, Yams, crate, . T8, Egg- per crate, $.00u3.50. Tomatces, por box, Florida, 4.00a4.50. ~Bean: 1.08r2.00 per basket. Peas, 3.00a5. Peppers, per crate, 2.50a3.50. Kale, 75 L7. Asparagus, per doz.. 1.00a3.50. Spinuch, per bbl. 1.00a2.00. DAIRY MARKETS. BALTIMORE, May 16.—Poultry Live; spring chickens, pound, 40a5 White Leghorns, 35a40; young win- {ters, 40a45; old hens, 26a27; old roost- 16a17 21a25; small_and a20; pigeons, pair, 35a60; gulnoa fowls, each, 70a75; old, 45a6! Eggs—Loss off; native and nearb: firsts, dozen, 25; ‘southern, 24. Butter—Creamery fancy, pound, 3%a 39; prints, 41a42: nearby creamery, 35a37; ladles, 26a27; rolls, 24a25; store packed, 23; dairy prints, 23a25; proc- ess butter, 26a28. CHICAGO, May 16.—Butter—Highe creamery extras, 34; firsts. 3012233 seconds, 282291 : standards, 33%. Eggs—Unchanged; receipts, 37,487 cases. oultry—Alive, broilers, 40a4! i higher; fowls, roosters, 141, CHICAGO LIVE STOCK MARKET. CHICAGO, May 16 (lnited States bureau of markets).—Cattle—Re- ceipts. 10,000 head; fairly active; beef steers and she stock fully steady; no choice steers sold earl: eef: steers of quality to sell largely at 7.65 to 8.50; bulls steady to strong; veal calves strong to higher; stocks dull; outsiders paying 10.00210.50 freely for choice vealers: early sales to packers around 9.50a10.00. Hogs—Receipts, 21.000 head; slow; big packers doing little; early trad ing around 5 to 10 higher to, vard traders and shippers: part of early advance lost; top early, 11.00; bulk, 10.45210.90. 3 Sheep—Receipts, 13,000 head; steady to 25 lower: Californfa ' spring lambs, 14.2515.00; feeders, 12.50; top shorn lambs, 13.00; choice, 11 California shorn ewes, 7. Texas shorn wethers, $.25. — WOOL TRADERS PROFIT. Many, However, Are Still Holding for Still Higher Prices. BOSTON, May 16 (Special).—Some profit-taking was evidentin wool mar- ket today. Many dealers who bought early clips have a nice profit at pre- vailing figures. Some are inclined to take these profits but the great ma- jority are holding for still higher prices. On the ranges, growers are beginning .to talk hopefully of 45 cents a pound for choice clips. So far the maximum has been about 40. Dealings in the.foreign markets for American account are increasing in volume and the Argentine supplies are reported about cleaned up. The Ohio delaines are showing some signs of life again at around the 50- cent levels. PR — FACTOR IN DRY GOODS. Trading Slows Down for Raw Cot- ton Movements. NEW YORK, May °16- (Special).— All eyes on Worth street. the center of the dry goods trade, were turned today toward the cotton exchange and trading in cotton cloths slowed down to wait for the movement in the raw staple to define and stabilize itself. Spot sales for the wider print cloths were made at prevailing but sellers showed strong regarding committments. for for future delivery. The nar- irower print cloths were in demand, but supply was not large at current prices. Sheetings 2lso'were firm and fine count goods showed ivances. The raw silk market reflected the firmer tone of Yokhama and Can- ton, but the volume of sales was comparatively light. Y BACK TO PRE-WAR RULES. DON, May 16—A stock ex- ite | change committee confirmed resolu- tion adopted May 10, repealing cer- taln temporary regulations and emer- gency rules, which have governed, conduct of business since reopening of. stock exchange, after a temporary closing at outbreak of war. Begin- ning, May 22 business will be con- ducted - a3 nearly as possible along pre-war lines, fortnightly accounts being resumed, subject to certain re- striction. DIVIDENDS. Stock of Record. Pay. ablel Imperial 0il Co. Ltd.. g in Canadian ¥ N flhe“r!n Texas Eleetrle Co. Piliadelphta " Biectric standard * $1.25 Btanda. L. June: 1 June 1 June 15 June 15 June 15 ~If You Are per | % | wheat. GRAIN AND, PROVISIONS. BALTIMORE, May 16/ (Spectal) Potatoes, whit No. 2, 76al, yams, barrel, 3.00: bushel, 1.25a1. gus, 2.50a3.50; No. hamper, 2.0023.00, Cabbage, crate, 1.76a2.00. bunch, 4 Corn, crate, 3.50a4.00. cumbers, crate, 1.00a2.50. Kal hundred, 1.50a1.75. Pea. bushel, 2.00a3.50. Peppers, crate, 2.00a 3.50. Radishes, hundred, . 50a4.00, Rhubard, hundred, 1.00a4.0 Spinach, bushel, 30a60. Squash, crate, 3.00a3.50. Tomatoes, crate, 1.50a8.75. Apples, packed, barrel, “6.00 0. 2, 4.50a5.50; bushel, 1,60a2.25; hox apples, 2.25a3.75. Grapefruit, bo: 0 4.50. Oranges, box, 6.00a9.00. berries, quart, 10a25 Rg Prices at 1 0'Clock. - 0. 1 red winter, spot, no No..2 red winter, spot, - 2 red winter, garlicky, May wheat, no bid. Sales—Two thousand bushels of N 2 red winter, spot, Baltimore and Ohio elevator, at 1.48 per bushel Corn—Cob corn, old, yellow, quoted 3.60 per barrel; contract corn, spot, 171%; No. 4 corn, spot, 69%; track corn. yellow, No. 3 or better, 73: No salen . ats—White, No. 2, 49%a50 per bushel; No. 3, 4924915 per bushel. Rye—Nearby, 95a1.06 per bushel No. 2 western export, spot, 1,215 N 3._no-quétation’ ¢ Hay—Recelpts, 21 tqns; range is 18.0021.00 for good to choice timothy and mixed shay; market firm; supply on hand ample for trade. Straw—No. 1 tangled rye, 15.00; No. i1 wheat, 11.50212.00; No. 1 oat, nomi- nal, 12.00a13.00. CHICAGO, May 16.—General ac- tive buying gave .a decided lift to Wheat prices today in the early deal- ings. The majority of the traders ap- pedred to construe the United States i Supreme Court decision on the Cap- per-Tincher act as a bullish feature, Besldes an unlooked-for advance in Liverpool quotations tended also to raise values here. n the other hand, the receipts of wheat here continued liberal—230 carloads—and there were new deliveries of 263,000 bushels on May contracts. The opening, which varied from 13 to 2% higher. with 144 to 145 and July, 1.26% to » was followed by slight further “Straw- May, 1.26%5 | gains. Corn ll‘l’fl cats went upward with After opening % to % higher, July 84% to 65 the corn market scored moderate gains all round. Oats started unchanged to %alg higher, July 39% to 40%. and later made a slight general advance. Pro- visions were neglected, but were firm- ier, in line with hog values, Potatoes weak; receipts, 40 car: total U. S. shipments, 3.52; Wiseonsin sacked and bulk round white, 1.30a 145 cwt.: Michigan bulk round whites, 1.40a1.50 cwt.; Idaho sacked russets, 1.75 cwt. New stock slightly stronger on sacks; dull on barrel: Alabama sacked Bliss triumphs, N 1, 3.00 cwt.: Louisiana sacked Bliss triumphs, No. 1, 2.75 cwt.; Florida Spaulling rose, double-headed barrel No. 1, 5.75a6.00; No. 2, mostly 4.00. On wheat buying, in which foreign- ers participated, the market later ascended further, September touching a new high price record for the s son. Gossip was current that the Kansas crop was deteriorating. The close was unsettled 2% to 3% cents net higher, \with May 1.45% and July 1.28% to 1.28%. Cash demand was only fair, with some increase of country offerings of corn to arrive here. The close was steady, % to % net higher; July, 65% 1o 653%a65%. WHEAT- Close. 1 Septem| Lok May July ] Bes(emhr . ATS— My July 2 Septem] 3 % 41% BALTIMORE. LIVE STOCK. BALTIMORE, May 16.—Cattle opened with a strong demand, but closed very dull, at about last week’'s prices, for week ending noon yesterday. Sheep; lambs and hogs continued with a moderate supply and brought lower prices. Calves had a steady market. Cattie—Receipts - for -week ended noon yesterday were 2,004 head, against 2,296 head last week; 68 car- |la-d- for market for the week. Steers, choice, §.00a8.50;: good butcher, 7.26a 7.75; medium, 6.25a7.00; common, 5.00a 6.00. Heifers, choice, 6.75a7.25; faix to good, 6.75a6.50; common to medi- um, 5.0025.50. ' Buils, cholge; 5.50a6.00; fair to good, 4.75a5.25; common to medium, 3.75a4.50. Cows, chole 5.00a5.75; fair to good, 4.0084.75; com- mon to medium, 2.00a3.50; Maryland and Pennsylvania cows generally 100 lower than above quotations. . Sheep and lambs—Receipts for week ended noon yesterday. were 4,734 head, against 6,385 head last week. Sheep, 2.00a7.00; lambs, spring, 12.00216.50. | Hogs—Receipts for week ended noon | yesterday were 13,549 head, against 13,815 head last. week. Iwe;zhlnx 100 to 250 pounds, ‘11.60 1 9.20. Calveg—Receipts for week ended mnoon ,yesterday were 1against 1,647 head last we Calves, 15.0029.75; extra, 10.09. . . i —_— FOREIGN EXCHANGE. By the Associated Press. NEW_YORK, May 16.—Foreign ex- change” steady. Great Britain, Afax Rubber. 1] AlasknGold. .. light pigs, 11.00; roughs,. 6.00a{ Gen Clgar. e TAR; “WA Open.. High. 1% Alaska Juno. imical ot Am Cotton Ol pf. Am Hide & Leathr. & Lthr SzazeeBsganfanagsn., 571 Atchigon pf. AtlantsRir & At! AtlanticCosst Line 102% Atiantic Fryit Co: 3% Atlantic Guif. Atlantic Gulf pf. . Austin Nichols. 3% N % % 15% % % % w uh () [ Beth Steel $% pf. 2 cheries ‘Booth Fi: Brit Em St1 2d pf. 12% [ 0% Chi & Eastn Ill p! ChiGreat Westrn.. & Cuban-Am Suga: ‘Cuba Cane Sugar... I .Cuba Cane Su pt. n% B% 8 21% 1% 0% 162% 168 ¢ J2% n% 2% B ] % mand, 444%; cables {45; sixty-day Py bills on bank: . _France, de- cables, 9.14%. Italy, de- cables, 5.28%. Belglum, 8.33%; cables, 8.34, Ger- demand, 35%; cables, 35%. Hol- demand, 38.72;-cables, 38.77. Norway, demand, 18.62. Sweden, demand, 25.60. Denmark, demand, 21.30. .Switzerland, demand, 19.14. Spain, demand, 15.65. Greece, demand, 4.15. Poland, dediand, %. Czech slovakia, demand, 1.93. " Argentine, demand, 36.90. - Brazil, demand, 13. Montreal, .99, .many; lan for - Serethiiy Nee: i Inspect Houses Adjoining St. Gabriel’s’ 7th AND WEBSTER STS. Thene houses. are much deeper and have Iarger Yobms—and are buflt especially for parties desiring to rent out rooms or a complete fint and still 3 retain sufiicient space Take Sth for They Street Car to Varnum Street NW. “"and Walk East 2 Squares ‘ : FORCE YOUR HOUSE TO PAY FOR ITSELF YOU CAN EASILY RENT 2D FLOOR FOR - ENOUGHTO UA@MQNTHLY PAYMENTS INSPECT TODAY 7 § g 3 §3303° 955 geusye BRgsfanngy praistenn %28 §rgeg i T8 . 2% . 1015 101% LT TLTPLEN igaggeg oy é?!il]fl!;{!fi)ii* D: =0y Tow. Close. 10% - W % 8% | Montana wh 8% & & B1asye s, P §3%853 1% % 101% 101% % 0 16 kJ P % % 0% 0% 105% 108% w6 W% 9% "YU % % "% 5% ‘10 10 u w% 6 % % 26 ™ @ 1 , 6% 3% % L oW 0% s 6 ® 0 n% 1% % T oo %% um % 2% 2% 5% 9% 60% 8K 1K 58 BT% 0% A% 108% 1065 0% % 101% 2% 168 “13% 1% 8% 814 8% 1% L) - 2% ~28% LT RO TTU 25&§!§!2a§;:"= $583 252 § e & -l & £y ] §s 5s 252 §308e saigeagy yesly ; S L5 & Be 338 §iFgaze-srasne F gagnegsy F st 83888z, <E [STEELSREAGTON. B NERGERVALUATION l\fi‘w % His{ory " Repeats ltself Bpthlehem Heavily Sold. Minor Motors Are Firm. BY STUART P. WEST. NEW YORK, May 16—Today's stock market was stronger on the start and for an hour or 50 was oc- tupled with & series of upward moves, mainly in the motor and copper 20% | groups. When'the terms of the exchange of the -Bethlehem Steel-Lackawanna Steel merger were announced after a special ratification meeting, it served to draw attention again to the fact that last week’s speculation in the stee] stocks, with this and other mergers as_an incentive, had been overdone. * This is Walf street history repeat- ing itself, for, in the case of the Steel Corporatfon twenty-one years ago, well as in nearly all the other indus- trial combin~tions, the experience has been that the merger valuations were overestimated in the preceding specu- lation. . The decline in United States Steel common stock fsom above $50 in 1901 to less than $9 a share in 1904 was not entirely a “water squeesing” process. It was helped along ma- terially by the slump in the steel trade, that beeame severe in the sum- mer of 1903, but gross overcapitaliza- tion, based upon excessive values placed upon constituent properties, ‘was the principal cause, and it took a decade or more of careful husbanding of surpluses to build up a definite equity back of Steel Corporation stocka. Bethlehem Heavily Sold. Heavy, selling of Bethlehem steel shares, ‘apart from these considera- tions of the past, had In view the ad- dition to the outstanding capital of the company and the consequent in- crease in the market supply, that will result from the merger. |"*The incldent had a sobering effect upon the general market. Trading, which had been fairly active at the outset, slowed down. Prices moved with ‘more irregularify, with some reaction in the early objects of op- eration for the rise, Copper Move Continue: While copper stocks had'come down with the rest in Monday's late reac- tion, they were prompt to harden at the opening of the market today, and were the real leaders In the subse- quent operations that occurred on the long side. A number of them made new highs for 1922. Kennecott again led the way for the two-fold reason, previously set forth, that it has the best chances of any copper stock now off the dividend list, of resuming pay- ments, and that the company is the central figure in the projected copper % 8% merger. 187 185 . Minor Motors Stremg. % 1us% Motor stocks, were taken up again, but on different lines from those of earlier movements in this group. The rise in Studebaker was set down lar, Iy to short covering. The other fo mer motor leaders did little. Rierce Arrow has not recovered from the dis- appointment over the failure of the Lafayette deal. - Where signs of fresh buying ap- peared were in the Maxwell Motors and Hupp Motors. Hupp crossed 20 for the first time, and the move was accom panied by reports of negotiations for a merger. ¥ The Maxwell stocks were bought on earnings and favorable prospects for dividends on the preferred A. INDUSTRIAL BONDS IN GOOB.DEMAND By Special Leased Wire to The Star. NEW YORK, March 16—It was in the industrial section of the bond market again today that most of the price changes occurred. The rest of the list was featureless. Trading re- mained only ioderately active and as a whole irregular. = Bonds of the steel companies were prominent, and the demand spread to United States Steel sinking fund ba, % | which rose to 102 and later sold off fractionally. - Lackawanna Steel 53 of 1923 got to 100 for the first time this year, while the Lackawanna 5s of 1950 were un- settied and reacted slightly. Buying -continued also in the cop- per securities. Chile Copper 65 were bid up to within a point of their high for 1922. Cerro de Pasco 8s rose almost, a point, and United Open. High. 8% us . W 8% 119% 2% 2% 4 & 3 S §33323303.52 k] & H Ohlo Body & Blow. . 11 Okiahoma Prod % Ontario Stiver. Orpheum Circuit. Pac Development. . . - * E;i§’£3; §a2° 333 Postum Cereal. ... 1 Postum Cereal pfd.. 101% Producers & Ref... 3 Public Serv of N J Pullman Co. Remingtan Typr. Remington 2d pf. Replogle Steel R J Reynolds (B! R J Reynolds pf. ‘Royal Dutch St Joseph Lead. ... St L & San Fran... 0% a% 1B% 15% Tenn Copper. Texas Company... 47% Texas Gulf Sulphur % Pacific. Union Tank Car pf. 105% United Alloy Steel. 8% United Drug. . . 4% U S Indus Alcobol. 5ol Reaity W We: Wheellng &£ LE. .. ‘White Eagle Refin. White Oil. ‘Wickwire Spencer. 15% new top, = e Ttility Issues Firm. . Public. utilities issues, including Pacific Gas and Electric 68 above 92, Duquesne’ Light 7%s across 106 and| Consolidated Gas is.were generally strong. Some profit taking was apparent in.| the last named, while Philadelphia’ Company refunding’ were the only exception, pping under 98. Greater New York Traction bonds ‘were weak. Interborough first andsrefunding 58 s0ld off steadily from' their close on Monday just below .74 and getting around 71 they were about 4 points below thelr high for the season. Interborough Metropolitan-4%s and certificates also were soft. yser 7s, Atlantic Fruit 7s, Computing and Tabulating 6s and Producers and Re- finers’ 8s with warrants all moved up substantially, while . Marine 6s were ong the industrial issues to lose r’?nnd. 2 Rail Bond Stead: Standard * railway bonds time with no important ‘changes. Rogck Island refunding 4s were notice- ably lower and Ann Arbor 4s drop- ped about & point. The Erie issues moved ‘unevenly. St. Louls South- western first. 4s, Pere Marquette 5 | Pennsylvania general 5s and Minn apolis and St. Louls refunding 4s all went higher. ‘The action of the United States gov- ernment bonds was again uninterest- ing and the same-might be said of the representative foreign gover! ment external loans. Belgian 7s, French Municipals, Republic of Chile 33, at a new high, and Mexican issu did better. —_—_— COTTON MARKETS. NEW YORK, May 16.—An opening advance of 4 to 19 points established prices at new high levels in the cot- ton market today. and the buying on bullish Liverpool cables and unfavorable weather news from the southwest. If anything, the weatker news was & bullish than anticipated and the ad- vance to 20.50 for July and 20.48 for ‘Octobgr met heavy general realizing. cNell & ices reasted in consequence, July s Y ) selling off- to 2025 after the call. New York Central 1 Rains were reported in east' Texas and westera Louisiang, but no partic- ularly heavy precipitation was re- ported early.- There were eighty-nine May notices issued, but May was rel atively quiet and steady during t! early tradin, B Futures opened steady, May, 21.20; uly, 20.4 po'&om. :o.{l; December, 20.43; January, 20.30. ] LIVERPOOL:. l‘.—@"flmt in w'dmlnd.k )l;y“ business - 'v,nidd:" g, 11.5 Sod dinary, 3 O nary, {300 malen: - ncnding.” 177 three ram-auuunx,&wobdcico ‘Wright Aero. Call Money..... T HOURLY SALES ‘OF STOCKS. 231100 12 m. 483 900 £300° 3pam..... 780 10 e S e TREASURY CERTIFICATES. R 100 3-32 100 816 100 100 18-32 100 21.32 100116 lw% 100 19-32 1001 100 19-32 102 15-16 108 1-16 % 101! 15, 1926. 101 —_—————————— SHORT-TERM SECURITIES. (Reported by Bedmond & €o.) Noon.. B, 0 100916 100 “101 101 Mareh 4% Mazch Alam, Co. of Amer. 7o 1025. yS 3 & , 11054 -De- Snm_. 11.38; March, May 16.—The and. Refini Timken-Detroit Axle declared regu- ® % ‘quarterly. dividend BO| Thous, 1 i States Smeltérs 6s nearly touched a ‘was fresh | . 992 99 86 FOREIGN GOYEENMENT, BTATE AND ~MUNICIPAL. .CURB. . In New York Curb Market. (Quotations furnished by the Associated Press.) Sales 100 Aceme Con 100 A Drog™ 400 1000 Buda, 10084 | 5 Siih 1104 13 11 [ 87 86 108! 108! i [ 101 28 inese 4s . = ing Denmark ingdom Italy 63 ing Netherl’ds 6s.. gdom Norway 8s in King Ftatdatatat o8 sEzeggnst = R ErSpsss g w England tral Pacific gtd Bs. i rro de Pasco 108 Consolidated Gas b C Suy 2 Cuban Amer Bug 1 Den & R G imp 3s. 20 Det Fdison ref 6s. Usit Brw 4ygs oud Match 13 £ 35 A, ud n ad in 55 641 Ilinols Central 5ite. 1013 inois Cent ref 4s. 86 16 111 Bteel deb 43s.. 4 Inter: Agricul 5s. 277 Inter Metro 4 1107 Inter Metro 434s cify 397 Inter Rap. Tr ref 8 Inter Mer Mar s f 21 Inter ® Jowa Ount Ko 5 25 leb 4s,"31 alley 6. Ayers 5s. Basob s wdian 5Ll "Za’ : 755 :Egs [ak 3 ERRERREREE 3 . i &5 LLLETS 22 3 EEE $rgaiaf (3 ¥ L 5 g 25 ggeeolo \gssfiggggsn BallonunBaooSi2E8w1BuEB 0 002 ot} 2 Ly dd 1 P HTH 2 B :Efigsafia H ifigszé zzzzu:i gagag 2 rru 'S M, L3 w §a4 agaEs R CRCIEN 9! 2 2 Ee:sfi l§=E =Sg5ns F3 2! 7 ! B 588 L FE .. 2| H H ¥ ek i kSE"w e L LT TR 3 ne % ] g:a Y3 3hzg e 2 ;;r H R » 2 LTl 0 < L e TR P > o : £ 923w ® 7 o :r;mz P93 L O T sag8a1225EeunIannzg ,_,. E;FP EEEE yonge W 28 4 L BEES L2 ReB8AR PR ARSI R B EEE e uabaSlaa al i AR ot {2 ’F H i STANDARD' OIL PROSPERS. Last Year. NEW YORK, May 16.—Standard Oil of New Jersey's annual report shows sdrning per. share of common stock last year was $5.07, or 7 cents more than its common - dividend require- ment. The year's surplus, after ex- penses, depreciation and federal taxes In 1920 the .company -earned $164, 461,409, or the equivalent of $38.31 a share -on the $93,875,3%5 . ommon gregating $475,393,961, sales .of petro- leum products contributed: $443,444,- 109, - while steamship ‘earnings were 948,842, General -expenses last ;fi} amounted to. $9,461,107 ‘against $8;914,745 “4n 1920. . Depreciation ‘was. puted at §8.083.252, compared with Products 50 Tedd s S5 S 2100 Internatioua! Pet 800 Kirby . Petroleum. .. 4000 011’ of Mex 200 Merritt Ol . 1800 Mexico 01t Wilcox OIl .. 2000 ““Y" Oil and Gas. MINING. 1300 Alas-Brit Col Metals 475 Amer Commander. .{ Led ige Cresson Geld . i Emma Mlm wamoBIEE gg28 i EFEEg;;IEEEEE;EiEE%%; Ry F 8 miisiiiggii HITLEEULEeLET ] elionBoRBunbEunuinma G o Enan et et e, ama kol i g S25s CHAH o) S * R Pt LR e A Yt L axfurgce® EREE 8. = LEETEMG 3 L3 28 bdyy Q‘B;. S SE3EREREY shergcr} UsREN p » 8_!1..-; w§ f % el 2 e ._ H #5