Evening Star Newspaper, May 20, 1922, Page 19

David F. McConriaughey e Podes op B st Towss bldg.. Establlsbed 1899 ‘MONEY TO LOAN In Sums of $500 to $500,000 At 6 and 6%% Before Placing or itenewing Your Ist or #nd Trust WELCH (HARRY §.) 15th and N. Y. Ave. PROPERTY OWNERS GARAGES ARE EXCELLENT INVESTMENTS WE ARE PREPARED TO ESTIMATE 0. AND BUILD Au‘ TYPES, PUBLIC AND PRIVATE. GENERAL GARAGE CO. 1419 G 8T. N.W. CASH OR TERMS. Main 4346 MAIN 4481. Quick Replies Consalt Loan Specialist Shannon & Luchs First Trusts On Washington, D. C., Real Estate An Investment - —that frees you from worry as to safety, annoyance as to collections or other details, and the necessity of follow-up of stock market or Business conditions. 713 14th St Main 2345 Second Trust Notes Are Purchased by The National Mortgage and Investment Corporation On A Fair Basis (Temporary Offices) Third Floor Sansbury Building 1418 Eye Street, N.W. DAVID J. HOWELL . AM. 80C. C. £ M. WASH. SOC. C. E. MEMBER NEW ENGLAND AND AM. WATERWORKS ASSOC. BEAUDRIC L. HOWELL.C,E. ASgOC. M. AM. 5OC. C. B . WASK. 8OC. C. E. ESTABLISHED 1887 DAVID J. HOWELL & SON ENGINEERS UNION TRUST BUILDING WASHINGTON, D. C. SUBURBAN DEVELOPMENT—COUNTRY ESTATES REAL ESTATE ENGINEERING WATER SUPPLY AND PURIFICATION—SEWERAGE SYSTEMS ROADS—STREETS~-PAVEMENTS APPRAISALS-REPORTS-MANAGEMENT SANITARY ENGINEERS, ARLINGTON COUNTY, VA. WITHOUT EFFORT AND WITHOUT RISK You Can Make More Money Invest So As to Get the Full Earning Power of Your Dollar With Safety. 3 Join With a Group of the Most Conservative Men of Washington ——in the— NATIONAL MORTGAGE & INVESTMENT CORPORATION - Fiscal Agents HUGHES FINANCE CORPORATION 1418 Eye St. NW. Ask Your Banket—G THE passage of a recent “blue sky” law in the State of Maryland has driven many questionable invest- ment companies into Washington, where laws are less strict. At the present time there are many invest- . ment salesmen at work here. WHETHER the security they have to sell is worthy or not is easy for y6u to determine without any cost. Before you “invest,” ask your banker and you may be saved the loss of a part or all of your mon YOUR Danker is in a position to know about investments, including our First Mortgage Notes. &HenseyC: 727 15% Street NW, : . 53 Years Without Loss to an Investor EQUITABLE Co-Operative Building 7 Association Organized 1879 42d YEAR CO™"PLETED Axnets Surplus Systematic Savings Lead to Great Accomplishments Adopt_the systematie wavings plan of the Equitable. You will find it the sure way to obtain the greatest re- sults. Subscriptions for the 83d Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EL Prestdent FRANK P. REESIDE, Secy. BIG, BROAD MARKET ON WALL STREE Independent Steel§ Lower and Some Profit-Taking, But List Moves Up. BY STUART P. WEST. NEW YORK, May 20.— Nothing in today's financial occurences ap- proached in interest the proceedings on the Stock Exchange. The excitement under which the market had left off at Frfday's close foreshadowed pretty well what would happen in the final two hours’ trading of the week. There was a fresh and fairly vio- lent outburst of buying at the open- ing. which swept prices forward, with the exception of the independ- ent steel shares. These broke sharply on the unex- pected anmouncement that _the Youngstown Sheet and Tube Com- pany had withdrawn from the pro- posed combination of the six inde- pendent concerns not included in the Bethlehem-Lackawanna merger. The {nference commonly drawn was that the so-called six-company deal was likely to be called off altogether, {and if there were any combinations these would be along other and smaller lines.. Continued Strong. The market In general did not al- low itself to be upset over the news, | HarrMan &.Co. | MEMBERS: New York Stock Exchange 111 Broadway. New York N !benture and convertible class. G.B.Chipman Manager Very heavy realizing sales checked the advance in fully half the list, but the main drift was unquestionably upward. Rail stocks were strong under the lead of the anthracite coal carriers and New Haven, the latter respond- ing to rumors that control of the road was being sought by another big ystem. Sinclair Oil was the feature in its group on intimations that it would go on a dividend basis shortly. The strength in Great Northern preferred’ encouraged the view that | the regular dividend, deferred at ¢he last meeting, would be declared when the directors meet in June. _ There was a notable advance also in the St. Paul issues. In the bond market, railway issues likewise were increasingly promi- nent, particularly bonds of the de- Ster- ling was little changed, but French francs were down quite close to the dow level of the last two months, the decline reflecting uneasiness as the time draws near for Germany to make her answer on the reparations question. Merger Talk. _The talk reverted to two combina- tions instead of one big one, the first !to be formed by Republic, Midvale and Inland Steel and the second to consist of Brierhill and the Youngs- town company. The sharp check to the speculation Finance Your ' Plans Through ) the : Lincoln National We will gladly. make you a loan on approved collateral or endorsement whether you are a depositor here or not. LINCOLN National Bank 7th & D Streets N.W. || sues, in the independent steel shares did not, however, prevent continuation of the campaign in United States Steel. The difficul hich the stock had “tting through the 101 mark was surmounted im Iy at the opening. The first s made at 101%. {LOWEST MONEY IN YEARS ENLIVENS WEEK’S STOCKS NEW YORK, May 20.—Stock market trading this week was enlivened by | the lowest money rates in five years and rumors which dealt more or less e was | circumstantially with mergers of con- | | solidations of various industrMil in- | terests, especlally stecls and coppers. { Buying of those s, mostly a { material gains, was out of all prod ,portion to the demand for other is- although sugars and reluted ! specialties later were h traded e from comparatively neglected _nominal change Speculative enthusiasm in steels and !L‘UDPQYB was roused at times to the | pitch where threats of federal or i state intervention and regard for in- { trinsic values were ignored. Upward { revision of price schedules accom- ?panied the buying of steels, the baser {metals and raw and refined sugars. Advices respecting general business 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 “To the” : » “Conservative Investors’ ars of our investing nots eilent Tas ever jost S8 much a3 a single penny in either pal or interest. Such 1s the protection. service .and attention given our investors in First Mortgage Notes Iy sbeolutely safe form of se Toritien yieldiog the marimmm rate of interest. Notes from $250.00 up to 000.00 NOW ON HAND. Chas. D. Sager . St N.W. 923 Fifteenth P LIBERTY BOND PRICES FOR $100 BONDS TODAY 100.64 Bonds Bought in All Denominations, LIBERTY BOND EXCHANGE 604 14th St. N.W. Hours, 8 a.m. to 5 p.m. Maln 2907. ~iury and loan association notes conditions were not wholly satis- factory and reduced car Jdoadings { foreshadowed smaller railroad earn- | ings. Nevertheless, the recent high rate | of ‘production in steel and motor trades i was maintained, with increased in- | quiries for textiles, leathers and the imore essential merchandising ware 'he investment demand for bonds | continued brisk, new underwritings | being readily absorbed. International ! currencies were unsbitled in conse | quence of latest developments in E { rope, the British rate, however, hold- ing strong. e e BERLIN BANK STATEMENT. i BERLIN, May 20.—The statement of ithe Imperial Bank of Germany as of . May 15 shows the following changes {Total gold and bullion 114,000 marks. | "Gold increased 700,000 marks. Treas- in- increased 1,- | créased 172,034,000 marks. { Notes of other banks increased 1,- | 724,000 marks. < | Bills of exchange and cheque in- | creased 30,799,000 marks. Discount and treasury bills { creased 9,127.602,000 marks. ; | “Advances decreased 15,497,000 marks. | Tnvestments increased 3,153,000 marks. Other assets Increased 463,511,000 marks. Notes in circulation iIncreased 439,- 972,000 marks. 9,164.463,000 Deposits increased marks. i _Other liabllitles increased 150,005,000 { marks. { Total gold holdings, 1,002,365.000 mark OFFICE ROOMS: FOR RENT International Btilding 'FORMERLY INTERSTATE BLDG. 1319-1321 F St. N.W. A Few Very Desirable Offices Left Reasonable Rents McKeever & Goss . Rental Agents 1415 Eye St. Main 4752 in- MORTGAGES ecurity on Earth e e 1. Absolute Safety. 2. Reljable Security. 3. Liberal Income. 4. Insurance Against Loss. s 5. Protection Aguixuth[:precx:hon. 6. Prompt ‘Payment of Interes 7. un;m‘enu of Principal in Full at Maturity. Choice First Mortgage : $100—$250—$500—$1,000 WILLIAM $. PHILLIPS 1409 N. Y. Ave. N.W. . Main 4600 Investments " THE EVENING STAR, WASHINGTON, D. C., SATURDAY, MAY 20, 1922 *NEW YORK STOCK EXCHANGE Received by Private Wire Divect to The Star Office. Rubber. Alaska Juno. Allled Chemica) 3% Allled Chemical pf. 108 Allis Caalmers. ... 4% Am Car & Fdy. Am Chicle Co. Am Cotton Ol Am Cotton Ol pf. .. B8 Am ress. ...... 129% Am Hide & Leathr.. 16% Am Hide & Lthr pt. Ti% Am I o Am Safety Razor. .. Am Ship & Com. ... Am Smelting. Am Tobacco Am Tobacco pf (n) Atchison pf. 5 Atlanttc Coast Line 102 Atlantic Fruit Co... 3% Atlantic Gulf. Austin Nichol Baldwin Loco. .. Balto & Ohlo. Balto & Ohio pf Barnesdall (A) Barnesdall (B) Beth Steel.... . Beth Steel (B). Beth Steel 8% pf. Brit Em 5tl 24 pf. Bklyn Edison. . Bkiyn Rapld Trn Bklyn Rap Tr ctf: Rklvn Union Gas. Brown Shoe. . . Burns Bros (A) . Burns Bros (B) Butte Copper. Rutte & Superior.... Butterick...oeaese Caddo ON1 California Pekng California Petrol Calumet & Ariz Canadian Pacific Central Leather - Central Teath of. .. Cent RROfNJ. Cerro de Pasco. Chl & Eastn Tl Chi & Eastn 1il pi Chi Great Westrn. . Chi Great W pf. ChiMil&StP. Chi Mil & StPpf... Chi & Northwn. Chi R I & Pacifie. .. ChiRI&P 6% pf ChiRI& P 7% pf Chile Copper. Co Colo Fuel. .. Colo & Southern Columbia Gas Columbia Graph. Comp Tabulator. ! Cons Gasof N-Y. Cons Intl Cal Min. Cons Textile | Corn Producta. | Cosden & Co Cuba Cane Su pt. Davidson Chem Eisc Stor Battery Elk Horn Coal. Endicott-Joanson. Famous Players... 81% Famous Players pf. 9% Fed Mines & Spf... 5% Fisk Rubber. - 1Th Freeport Texas Gen Am Tank Car.. Glidden Co. Goodrich Granby Consol. Great Northern pf.. Great Nor Ore. Greene-Cananea. .. Guantanamo Sug. Gulf Mo & Nor. Gulf States Steel i Habirshaw Cable.. Houston Oil. . Hupp Motors. Hydraulic Steel Illinots Central, Interboro Met pf. Intl Agri Chemical. intl Cement ....... Int Combustn Eng. intl Mer Marine pf. Intl Nickel. Int] Paper. .. Intl Paper (sta)... Invincible Oil Iron Products. 1sland Oil... Kansas City Sou. Kansas C Sou pf. Kansas & Gulf Co. Kayser (Julius)... Kelly-Spring Tire. . | Kennecott. Keystone Tir | Lackawanna Steel. .e Tire & Rubber. “enigh Valley..... ma Locomotive. . 103% Mion & StL (n)... MoK&Tw! . 8% MoK&Tptwl.... 4% Mo Pacific. 2% L HEHH 8388 n E3338°85892855 §5da Basie 9 L Rep Iron & Steel Rep Iron & Stl pf. Rep Motor Truck. 8% R J Reynolds (B). 4Th Royal Dutch. ...... 63% St Joseph Lead. St Louis Sown pf. Santa Cecilia Sug Shattuck-Arizona, Sinclair OIl. . . Southern Pacific. Southern Raliway. Southern Ry pf. Spicer Mfg Co. Stand Ol of Calif Stand Ofl of N J. Stand OfI N Jpt. .. . Sterling Products. . "¢1% Stewart-Warner. .. i Stromberg Carb. Studebaker. ... Submarine Boat. Superior OIl. ..., Superior Steel 5 Sweets Co of Am. . Tenn Copper. . Texas Company... 8% Texas Gulf Sulphur 7% Texas & Pacific... 84 Texas & P C& Oll. Tobacco Prod Trans Contl Ofl.... 17 Transue & Willms. 43 Union Bag & Papr.. 67 Union Ofl Cnlon Ps fic. Gnion Pacific pf. k3 United Alloy Steel. 8% United Drug. United Frult. United Ry Inv. United Ry Inv pf. United Retail Str; US CastIr Pipe. U S Food Prod. US,Indus Alcoh U & Realty U S Rubber. U S Smelt & Ref. U S Steel... { U S Steel pt. Gtah Copper... Vanadium Corp. .. Va-Car Chemical Va-Car Chem pf. Vivadou... Wabash..... Wabasa pf (A) Western Md. White Eagle Refin. White Motor. White Oil. .. wWickwire Spencer. Wilson Company. willys-Overland. Woolworth. ....... 158 Worthington Pmp. 63 I: l:* I:g HOURLY SALES OF STOCKS. yllam....400100 :2m. e 803 200 —_— DIVIDENDS. Stock of Record. Pasable. Jupe 10 June 30 20 June 30; 1 Coalition "Co., June 10 30 June 20 20 June 1 i3 . May 25 NEW YORK, May 20.—Dun's re- view of trade says: ‘“Phases which usually mark periods of business ex- 86% | pansion now stand out more clearly. 2% flfi;; 4 BE38-¥ 5y 59 3% Recovery from previous depression, proceeding slowly and irregularly for many months, is steadily gath- ering momentum, and sentiment. re flects the changed conditions. Dif- ferent lines that had lagged while buyers waited are beginning to dis- play renewed activity as revival of demard develops, and a reversal of the price trend has been Witnessed. Without exception, each week this month has disclosed an excess of ad- vances in Dun's comprehensive list of wholesale quotations, and premi- ums on ‘prompt shipments of certain commodities demonstrate that some needs are becoming urgent. “Conspicuous among the favorable features is the decisive turn for the better in the automobile industry, where sales and output have in- cremsed substantiall building operations of magnitude have con- tinued. With improvement also oc- curring in other leading branches of business despite labor troubles, the general outlook is distinctly of brighter promise, although not with- out elements of uncertaint: “Weekly bank clearings, $6,693,- 226,000.” ———— FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & Co.) - Selling chiecks—dollar values at close today: A5 2% NEW YORK, May 20.—Foreign ex- change, irregular. _Great Britain, de- man 4%: cables, 4.45 1-186; sixty- day bills on banks, 4.42%. France, demand, 9.051; cables, 9.06. Italy, demand, b.11; cables, 5.11%. Relgian, demand, &. cables, ¥.51 Ge demand, - 0.32%; cables, 38.79; Norway, de d, 18.45. Sweden, demand, 25.70. Denmark, demand, 21.30. Switzerland, demand, 19.06. Spain, demand, 15.82. demand, cables, 28% | man. A FINANCIAL, - TRADE SYMPHONY PLAYS LOUD ONLY TOMODERATE PRICES TUNE So Says Writer in Retrospect of Trade and Business Men's Views—Survey of Markets. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, May 20.—“Stop, look and listen” may be a necessary ad- monition at rallway crossings, but jt is no longer necessary to flash that warning to the American business He has no Intention of being run over by the cars in 1922 if cau- tion will avoid it. For a time busi- ness men were forced to stop. Then they found it advisable to look, and they cast close scrutiny on the an- nual and monthly statements—their own and their competitors’. Ever since they have been listening, listen- ing closely to the jingle of the cash register. They have discovered that pleasing tympanic symphony plays loudly only to the tune of moderate prices. The annual and monthly statements have shown that profits lay not in increased sales or advanced prices, but in reduced operating expenses and lessened costs. Consequently the | ear of every business man has been ! turned to catch the lilt of the melody which had for its refrain the les- sening of costs without the raising of prices. Scores believe they have | caught the right note in amalgama- | tion. Mergers arg the order of the day. It is not mergers of big companies engaged in basic industries which count most, although those loom largest in the public eve. Narrow Profits; Keen Competit! These smaller mergers are being made without regard to the stock market. They are being negotiated to accomplish economics in_production | and distributio However, they give abundant evidence that the bus- iness men of America have recogniz- ed that the buying and consuming public has no intentfon of submit- ting to another inflation of prices and that the future for some time to come will be @ period of narrow profits and keen competition. : The parties at issue in the bitumi- nous coal strike are beginning to say to each other, “Take your thumb out of my eye” and “Let go my ear.” In other words, the strike is beginning to pinch the participants as well as the public and the prospect of set- tlement seems a trifle nearer. The situation can be adequately outlined by the fact that one coal company had thirteen solid miles of loaded coal cars on hand when the strike started and one miner, taken to a hospital the day before the close- . had $2,600 in a belt around his All Markets Are Strobg. Markets for cotton, wool and silk, basic materials of textile trades, are all strong at advancing prices. This has encouraged producers and ex- porters, and manufacturers have been compensated by increased demand and higher prices for finished materials. Men's and women's apparel is sell- ing well in all sections of the coun- try. with prospects that manufac- turers and dealers in straw hats and tropical weight clothing will enjoy one of the best vears in a decade. Advertising is universal and per- sistent 2nd is being attended with ex- cellent results. Steel products are in constantly increasing demand, and belief in the permanence of this trend is signified by enormously increased production of pig iron. The non-ferrous metals. lead, zinc and copper, all have regis- tered advances and occupy better technical positions than for months past. The great business pickup has | Dbeen in auto sales and manufacture. Tire output is rapidly approaching production. ies for lumber have T hed NEW HIGH RECORDS MADE | IN WEEK’S COTTON MART | YORK, May 20.—Reports of | further rains and additional overfiows in the southwest led to sharp ad- vances in the cotton market during | the earlier part of the week. All de- | llveries made new high records for | the movement, with May selling up to 21.50 and October to 20.61, making ad- vances of 390 to 431 points, .or ap- | proximately 20.00 per bale, as com- | pared with the low prices of early | last March. Realizing checked the ad- | vance at around these figures, and there were reactions later in the week owing to reports of improving weather conditions in the south and continued iprofit taking or secattering liquida- lion. The early week buving on the weather news was encouraged by re- ports of an increased spot demand and more favorable reports from cot- ton goods trade. Sales of spot cot-1 ton officially reported in leading southern markets were heavier, and !there were also larger spot sales in | Liverpool, accompanied by reports of a good business in cotton goods at Manchester. 1 Reports from domestic markets for cotton_goods suggested buying had | been checked by recent advances, but that large inquiries were being re- ceived which would result in busi- ness in the advance in raw cotton being maintained. Southern advices attributed the better spot demand partly to the buying of exports, but | also reported some inquiry from east- ern mills. Foreign trade interests were said to be buyers of futures in the market here, but demand was re- ported less active toward end of week. The latter were regarded by local brokers 4s pointing to low end May condition figures, but there was scat- tered selling toward the end of the week, accompanied by reports that some traders 1egarded the market as having discounted delavs in the new crop start. Cotton has continued to reach here for May delivery, and no- tices representing about 107,000 bales are said to have been issued so far on May contracts. DRY GOODS CLOSE FIRM. the greatest volume ever known in some of the producing centers, and everywhere new business is far ahead of production and shipments. Commodity Reports From Various Sections Cotton. FORT WORTH, Muy 20 (Special).— Cotton planting has either been com- pleted or is well under way in Texus. Ginners predict a bigger acreage and a better yield this vear than last. Cotton oil mills which had a sad year are ex- pecting better conditions. BOSTON, May 20 (Special).—The market here for Egyptian cotton is showing considerabie strength in sym- pathy with the American market, al- though the demand is not particularly active. The Egyptian season is nearly over and shipments are expected to de- crease from now on. Automobiles. DETROIT, Mich., May 20 (Special).— Ford auto plans 1o make 1,100,000 cars his year, an increase of about 10 per nt over 1921 production. Ofla. SEATTLE, Wash., May 20 (Special) Trade in oriental wood oils and vege- table ofls is at the lowest possible stage. Importers are hoping the duty on soya bean oil will be removed in the pending tariff bill, permitting the resumption of a transpacific business which ran into the tens of millions annually dur- ing the war. Umbrellas. May 20 (Special) rains throughout va- rious sections of the country have resulted in a heavy sale of umbrellas, and retailers’ stocks are reported to be very light. Increased orders are being received by manufacturers here. Tobaceo, ATLANTA, May 20 (Special).—There is_strong competition among the retail tobacco dealers here and prices of a number of popular brands of cigarettes have been reduced 2 and 3 cents a | package. Steel. ST. LOUIS, May 20 (Special).—Iron and steel industry has been invigorated not only by heavy orders for equipments by railroads in this territory but by building construction which is involving 2 number of large public improvements. The demand for structural steel is stiffening. Coal. YOUNGSTOWN, Ohio, May 20 (Spe- cial).—Steel makers here are showing more confidence in the coal situation. The cost of open market coal from West Virginia is showing an upward tendency in price. but this tendency is mot so strong as it has been recenily. Notes. PHILADELPHIA, May 20 (Speciai). —May 22 at least forty-eight firms and companies, which® have been doing business in this city for 100 years or more, will be represented at a luncheon to be given by the cham- ber of commerce. Oldest firm here was established in 1687, or 235 years ago, and seventeen others were founded in the eighteenth century. Of this number ten are older than the republic. ST. PAUL, May 20 (Special).- he shops of the Omaha road in Sioux City,” St. Paul and other points have returned to a full six-day-a-week basis tod: Businesx depression caused a curtailed working schedule, beginning six months ago. NEW YORK RESERVE BANK. NEW YORK. Mav 20.—The state- ment of conditions of the Federal Re- serve Bank of New York, at the close of business May 17, sho Total gold reserves, $1.164,322,731.79; total reserves, $1,189,774,614.45. Bills discounted, secured by government war obligations: For members, $26.- 101,208.49; all others, $18.834.034.31 bills bought in open market, $24,185,- £46.68 089.4%; total earning t 839.48; uncollected items, $124,625, $03.98. Due to members: Reserve ac- count, $734.776,642.47; total deposits $762,059,760.37; federal reserve notes in actual circulation, $617,404,563. Ratio of total reserves to deposit and federal reserve note llabilitics cem- bired, 86.2 per cent. EDUCATIONAL FRENCH 520 % WASHINGTON Native Teachers. Private or Class Instruc. tion. Special Summer Rates. 918 ¥. Fr. 383. * Lessons—Betlitz School. Languages at great reduction. MISS CLARK, 1614 Eye j* Washington Business College, 1416 E’!MSAW. lM.lll - ‘Bookkeepi ccountancy and secrets. ria) coureta.” Summer seetioos New ciasees begin Monday. Spanish School of Washi; Prots. from Spaln. 181517 F a.w. M. se8s. ACCOUNTANCY s PACE INST ITUTE 3.W.. Corser Sth asd @ Sta. _ MUSICAL INSTRUCTION Washington Conservatory of Music 1408 New Hampshire Avenue. Dupont Circle. M. 7858, VIOLIN—Auer method. PIANO—Leschetiski. VOICE—Shakespeare (ltalian) Start Your Children in Music. s = ‘Week-End Trading Is Light, Prints Fairly Active. NEW YORK, May 20 (Special). MOVING, PACKING & STORAGE R ETURNING empty to Newark, N, J., or New York city, May 24. i3 van load. Address Box 109-C, Star office. £l The market for cotton cloths wound up the week with the recent advances in prices well maintained, but without any extraordinary amount of trading. Staple wide print cloths were fairl active at prevailing quotations. and | heetings, especially those sought by | the bag trade, were in good demand at firm prices. The inquiries for to- bacco cloths continued, and there was a renewal of buying of tire fabrics and goods for shoe linings. Seme business was done in sateens and fine count goods. The raw silk market reflected the firmness in oriental markets, but activity was lacking, business being confined largely to filling-in orders. WOOL IS LESS ACTIVE. Dealers Await Opening of Bids on Texas Clip Monday.” BOSTON, May 20 (Special).—Trad- ing in_the local wool market today was slightly less active. Dealers were awaiting anxiously the opening | of bids Monday for 250,000 pounds of {long twelve-month fleeces at the Sap Angelo, Tex., sales. K is reported 45 cents a pournd is being pajd in Texas i for choice clips, and somé very opti- mistic growers have “set their sights” for 60 or 65. Territory wools are be- ing well absorbed as they arrive here at firm prices, and manufacturers are coming into the market somewhat more freely. 4 The good wools of Idaho, Utah, Montafia and Oregon have been pre! ty well cleared up. —_— Schulté Retail Stores sales in April ‘v'a:;-cntl.'lto,l: against §1,702,939 in Storag: Moving Crating Litflefield, Alvord & Co. On 15th and Pa. Ave. GZIA- OPPOSITE U. 8. Y. PR Tt RGN, te . e PHONB 4 eepd - UNION I £ ® STORAGE COMPAN