Evening Star Newspaper, May 26, 1922, Page 31

{%‘i’tr.cr NEW WOOL PRICES. NEW YORK, 'May - 26.—American oolén’s withdrgwal ‘of all lines for he fime being Has created much dis- ussion in woolen circles. Opinion revails) that- that action fore- hadows furthér price advances. Al- hough no Iglormallcn is forthcoming rom offices’of the company. a belief ervades the trade that an announce- eng ‘0f spme sort will be made soon. hen' 14s last price list was an- ounced it,was stated that the ad- ances then made covered the differ- nce in_raw.-wool costs up to that ime. Continued activity in the raw ool* -miatket and stiffening prices ubstantiate the opinion that a new level of prices will be announced oon. = ae====== - THE i - o Reserva Apartments of and bath, many FINANCIAL. PRESIDENTIAL | 1026 SIXTEENTH ST. (Corner of L. St.), An Apartment House of the Highest Type Completion October First tions Now Being Made rooms and two baths to one room with porches; convertible plan—two or more apartments can be thrown together. For Plans, Rates and Other Data, See . Chas. N. Riker, Agent N.W. or Your Own Broker. . STANDARD' OIL DIVIDEND. LOUISVILLE, Ky., May 26.—Direc- tors of Standard Oll 9{ Kentucky de- clared a quarterly dividend of $1 a share on stock of company, Which several mohths ago was put on-a $:5 par basis. This action puts new stock on a $4 annual dividend baais, and old $100 par valye on a basis of 16 per cent annually. It represents a divi- dend increase of 33 1-3 per cent. Books will be closed June. 15, d the divi- dend is payable July 1. tandard Oil of Kentucky -several months. ago de- clared a 33 1-3 per cent stock divi- dend on $6.000,000 capital stock and allowed holders to subscribefor ad- ditional stock to the ‘extent of omne- third holdings at par. 1000 Vermont Ave. ‘When you patron: your surplus. 3 22 Paid on Chec - § <z @ @ S © o O (307 O e @ o Wt .. Corner. 152 and'H.Sts. Northwest 'INSPECT TOD. 923 to 955 14th Street S.E. Price, OWENSTEIN CO. 1314 F STREET NORTHWEST H.R. H o7 O S S R MO NN TS 6N ¢ N g N ¢ SIS 0 N O NN O N O M OENO MO M O == FREEDO! FROM CARE is one of the blessings which possession of a substantial reserve of money should bring you. That is why you demand strength and safety in a bank. Company you do not worry for the safety of "The rigid reguirements of the charter under which we operate, issued under the Act of Congress apolicable to the District of Columbia, safsguard your money here. and 3% on Savings Accounts UNION TRUST CO. OF THE DISTRICT (?{F_ COLUMBIA [221-223-225 T Street N.E. 500 CASH Balance, $75 Monthly ANCLUDING ALL INTEREST $500 CASH “Balance, $60 Monthly .- INCLUDING ALL INTEREST ize the Union Trust e 'y d. — S These houses are differ- ent from the ordinary box house. They are miuch deeper and have larger rooms—and are built spe- cially for parties desiring to rent out- rooms or a complete flat and still re- tain sufficient space for themselves. : PHONE US FOR AUTOF TO INSPECT $5,950 The Homes with the Big® Lots—20-foot frort—; roomi’ - for' garages, fia and garden. : The. only new city "houses of- fered on the market for $500° cash and priced $1.000 less than regular price. Take Pa. Ave. cars to 14th St. SE. and walk one square south. éllous_ us for car to i ot You are under no obligation BY PHIL S. HANNA. Special Dispatch to The Star. DETROIT, May 26.—Manufacturers in this section declare their chlef difficulty at present is not in getting, business on their books, but in get- ting raw materials into their shops and in getting tralned workmen for skilled positions. Deliveries of ma- terials are falling further behind every day, and the extra expense of “chasing” stock is adding to costs, which is the last. thing desired by manufacturers at this time. ; One automobile plant at Lansing has been so pressed for machine ds and tool makers that it h: tablished a 8chool for training semi-skilled workmen for 'a period receding their regular employment. 'his has_ylelded some results, but the president of the company sthtes their labor turnover is increasing in spite of all they cam do. A canvass of thé leadijg ‘hankers and manufacturers of this district to- ay revealed the general opinion that the cut in freight rates ordered by .| the TInterstate Commerce Commis- ston will prove a tremendous stimulus to the country's business and add materially to prosperity. . Since the announcement of the cut a half dozen of the city's largest industrial plants have placed firm orders for miaterlals for delivery throughout July and August, and in some. instances well into. the, fall. There are an.increasing..numbeér of gains reported in forelgn business by manufactures. Banks Proolaihl Commerce on Highway to. Prosperity . BY J.N.FINING. Special Dispatch to The Star. ST. LOUIS, May 26.—Except for re- membrance of the adversities of the recent great economic.reaction and caution fostered thereby, the business situation in this section is practically back at nmormal. This is the solidly optimistic conclusion of the banking interests of the southeast and south- west, which naw. prociaim that com- merce is on ‘the highway to prosper- A few mahifacturers are skepti- declaring, that. business in_ their lines will not be back on a satisfac- tory footing for a year or more, but wholesalérs” and ' jobbers “in™ ‘close touch witn_buyers hold the sime opinion ‘as the - bankers. There is small doubt that most manufacturers are making steady headway. Such rapld progress. is. be- ing made in building construction in the south and west that prices of steel, brick, lumber and other bulld- ing materials, have started on a de- clded upward movement. This activ- ity is reflected in minor Industrial lines and ls being felt in the forests and mmines. Tn all branches of “manufacture a strong demand for common labor Is noted, but, there has been no ten- dency towdrd higher wages in this section as yet. " After a long spell of unfavorable weather retailers are now favored with warm, clear. days, which are vi- % The person who has little ¢apital is always in’ while opportunities. T Systematic saving tl will soon start you-on & pay the highest rate of absolute safety, and you to purchase a home or ta 716 11th airin Sick Rooms, Cellan; Ma.nufacturera“ Report-Difficulty in Ob- taining Raw Mé‘tei'ial_s' -and Trained o 'Workmen_ fo_x" Skiu‘ed Posts. ‘| has” been Warner & " Interest on your savings, com- pounded twice a year and free from all taxes. fortunes are created in this way. of our experience and advice when you are ready while opportunity for investment. One Dollar or More Will Start Your Account Columbia Building Association [ : Under Government Supervision Sure Deatfii' to M Fitings and Garbage P, rgettled used it strtke. ~Even if the*strike is promptly .the burners will be oil prices’ jusfity the change. 21X Hardware. KANSAs_CITY, May 26 (Special)— Standard Found:y and Manufacturing hés-lét-a -contract - for a' thrée-unit plant to cost $135,000. The plant will produce hardware supplies and stoves. SEATTLE, May, 26 (Special)—A local co-operative egg-producers’ as- soclation is shipping an average: of five cars of eggs a week to New. Yark. Th& saide to. have passed. selling strictly fresh egi & dozen. | bbers ar at 28 cents talising their trade. 'The public is in o - a better condition to buy, but in: on low prices. Atlanta Area Trade Hails Rate Cut*and 20¢ Cotton BY ESTES DOREMUS. 8pecial Dispatch to The Star. ATLANTA, May 26.—Business men throughout the southeast regard the cut in ‘freight rates ordered by the Inteérstate Commerce Commission and the maintenance of 20-cent cotton as- compelling factors in' the return Of prosperity to this région., The heavy gold " reserve held by the Atlanta Federal Reserve Bank is con- crete proof of the liquidation of frozen credits in this territory and the ability of the farmer to get along without borrowing. The general {mprovement .In the dry goods business is attributed to the advance in the price of cotton and jobbers report a better feeling among merchants and buyers as a result of the rate reduction. Jobbers of every line are confldent that prices are hardening ‘and predict that the retaller who buys now is assured of an excellent profit. q ., Dwelling and apartment building here continues to smash all previous records. Announcement ‘by a large department store that it will com- mence work on a new $1500,000 building on September 1 is regarded as another evidence of confidence in the future. The output of the Ford assembling plant here will be ir creased to 150 cars dajly on June dccording to the plant manager. Commodity Reports From Various Sections Rubber. AKRON, Ohlo, May 26 (Special).— Departments of rubber companies here making mechanical goods now are op- erating at capacity. Demand for me- chanical goods 18 declared to be the real barometer of rubber industry. Tire sales generally are reported on increase. E Pottery. EAST LIVERPOOL, Ohio, May 26 (8pecial). — Operations at potfery works in this vicinity now are rapldly approaching _ capacity production. Orders are coming in satisfactorily. Paints. CLEVELAND, May 26 (Speclal).— Sherwin-Willlams Paipt’ reports .its factories running at normal capacity. Shipment of paints and varnighes in pounds are running heavier than ever before, officials Steal. SEATTLE, May 26 (Speclal).—Ther: is'a heavy local demand for steel bars used in- bullding construction, espe- clally for those used in reinforcing concrete. s ‘While United States Steel’s nail price l'-_’ B'72.40. independents are quoting ‘Women’s. Garments. ; NEW YORK, May 26 (Speclal).— Cloak and suit manufacturers here are talking of higher prices for fall models. Some manufacturers have already made slight advances, bastng them on increased Gosts for woolens, silks and the rise In furs. | | Textlles. -y BELFAST, Ireland, May. 26 (Spe- clal).—Theré will be no.change in price .of cambrics ‘the next three months, according to a decision of the Cambric Manufacturers’ Associa- tion of Belfast. Brick. - DETROIT, May 26 (Special).— Brick has advanced materially in late weeks: in this section. Brick manufacturers claim their costs have been increased by the strikes and labor troubles, Notes. KANSAS CITY, May 26 (Speclal).— Unemployment practically has ceased to be a problem in this section. The berry-picking season has absorbed most surplus labor in the citfes, and wheat harvest, soon to start, wiil re- quire many additional ' worker: Elaborate plans aere being made by federal and state employment bureaus to ‘supply demand for harvest hands. NEW ORLEANS, May 26 (Special). —Bxtension of Louisiana Rallway & Navigation tracks into northern Texas is expected greatly to increase export trade of this port in cotton, grains and ofl during the coming year. MINNEAPOLIS, May 26 (Bpecial).— A300-acre tract adjoining Minneapolis on the south has béen purchased by realty operators and will be opened as a restricted residential district. It is planned to spend at least $1,000,000 on Improvements. e PARIS BANK STATEMENT. PARIS, May 25.—The weekly state- ment of the Bank of France shows the following changes: Gold in hand in- creased 168,000 francs; silver in hand increased 232,000 francs; notes in cir- culation decreased 173.095,000 francs; treasury deposits increased 28,312,000 francs; general deposits ~decreased 135,415,000 francs; bills discounted in- jcreased 8,788,000 francs; advances de- creased 52.331,000 francs: the state re- pald the bank 150,000,000 francs. JOPLIN., Mo., 26 (Special).— BROAD TRADE N Lumber. NEW ORLEANS, May 26 (Special).— Southern Pine. mills report another large ihcreasé of orders this week and a fur- ther stiffening of prices. Orders are running about 44 per cent ahead of pro- duction and stocks are rapidly decreas- ing. Production, although gaining, is {still 12 per cent below capacity. { kbl Machinery. PHILADELPHIA, May 26 (Special). A golid train ef twenty oil-burning lo- comotives left Baldwin Locomotive Works today for Texas, where they will be added to Southérn Pacific equipment. CLEVELAND, May 26 (Special).— One of the first companies muking heavy machinery to add largely to its pay roil Swasey, makers of lathes. Production is being speeded up’and men are being taken back to mest increased demand. Wool. SAN FRANCISCO, May 26 (Special). —The heavy California wool clip has 1 been well cleansd up at excellent prices. 4 Weork Clothing. SEATTLE, May 26 (Special).—Pro- duction and sale of work clothing in the northwest for the first four months of this year has been 50 per cent above the ;gtput for the corresponding perjod of 1921. = Non-Ferrous Metals. trend to prices for lead and zinc ores, | in the tri-state fleld. Lead ore has advanced to $72 a ton, the highest figure in years. By Special Leased Wire to The St NEW YORK, May 268.—Another lot of new corporate issues came into the market, among them a $5,000,000 fif- teen-year 6 per cent sinking fund gold loan of the United Steamship Company Limited. The bonds were .offered at 95% to yleld about 6% per cent. The syndicate reported satisfactory progress in the sale of the issue. The New Jer- ey state controller announced that bids Would be opened June 20 for $5,000,000 % per cent fifteen to thirty year op- i tional highway bonds, to be offered sub- sequently to the public. A banking group today offered $3.165,000 5 per cent gold bonds of the_City of Norfolk. Trading in the bond market today lincreased in volume and prices were generally higher. Liberty issues. which yesterday ad- vanced in two Instances to'par, were again strong and sold either at or close to the 100 lebel today. Foreign external loans were still featurcless™ with firmness in the United Kingdom 5%s and fresh weakness among_the French securi- {ties. The French Republic 8s.were off fractionally and ‘the Department of the Seine 75 dropped to 93, a point below Thursday's final quotation. French municipals were also. reac- tionary. ] S Ralls and Industrials Higher. Railway and industrial bonds were higher as a rule. The Eries were the | feature following Thursda: late spurt in the Erie convertibles, espe- cially the D's at a new high of 67, prices advanced again. . The Ds sold.around. that figure most lof the time. The Bs were at a new top at a two-polnt gain. The As went up a point and the Condolidated 4s and the Erle and Jersey 6s were fractionally improved. Another interesting movement was in the Interborough Metropolitan 435 {and the certificates, which continued |to’ reflect the confidence in the out- {come of the Interborough Rapid Transit readjustment in which the Interborough Metropolitan bond hold- lers are so vitally concerned. Smme e E ey BAR SILVER QUOTATIONS. NEW_ YORK, May 26.—Foreign bar silver, 62 ; Mexican dollars, 556%. LONDON, May 26.—Bar silver, 365 pence per ounce; money, 1% per cent. | Discount rates—sShort bills, 3% per {cent; three-month bills, 2% per cent. e Fish. NEW ORLEANS, May 26 (Special). —Southern shrimp pack this spring has been very light and prices have ladvanced materfally. Little further |packing is expected in plants before close of spring season, June 15. ol - KANSAS CITY, . Mo, May 26 (Spe- cial).—Kansas City's municipal wa- ter works have been equipped with oil burners, in preparation for any coal shortage resulting from the coal | saved and accumulated a a position tp seize worth- he .foundations - of. most hrough this Association he road to success. ‘We interest consistent with will have.the advantage ° ke advantage of a worth- St. N.W. ASS Mitre Cut Mirrors - are quite attractive. | The V-shaped:- lines give a distinctive, appearance-to an- otherwise ordinary. - ‘mirror. We suggest "..you ask to see-them: when' you are buying " 'HIRES - TURNER/ GLASS COMPANY 'ON, D, .C. - oths epiayes; $1005: 7. Viginin' peak of hen production s now = PITTSBURGH, May 26 (Special).—, {frém Germany that manufacturers Grain, Produce GRAIN AND PROVISIONS. BALTIMORE, May 26 (Special) Potatoes, white, 100 pounds, 1.25a1.50. No. 2, 50a75; new potatoes,” barrel, 3.0026.00; bushel, 1 26a2.0 weets and yams, barrel, 3.00a4.50; No. 2, 2.00a 2.50; bushel 1.0021.50; No. 2, 50a75; us, dozen, 2.0023.00; No, 2, 1.20 ssparag a1.80 hamper, 75a2.00; beets, 100, cabbage, crate, 1.00a 125 100, 6.00a7.00; corn, cucumbers, crate, 1.50 crate, 1.25a3.00; kale, + Lettuce, basket, 15a40; onions, 100 ounds, 3.50a No. 2, 2.50a3.00; spring . onion; , 1.50a1.75; peas, hamper, 1.7523.00; peppers, crate, 2.00a 3:00; radishes, 100, 50a2.00; rhubarb, 100, 2.50a5.00; spinach, bushel, 15a40; squash, . crate, 1.00a3.00; tomatoes, crate, 2.5025.00. Apples, packed barrel, 6.50a8.50; No. 2, 5.0026.00: bushel, 1.7522.50;. box apples, 2.50a4. 30a25; cherries, 50a5.01 : blackberries, quart, , bound, 20; grapefruit, box, oranges, box, 6.0029.00° Peaches, crate, 3.00a4.00; strawberries, Quart, 8220; watermelons, each, 70a75. Closing Prices at 1 0’Clock. Wheat—No. 1 red winter, spot, no quotation; No. 2, red winter, spot, 1.37 No. 2 red winter, garlicky, 1.36. May wheat, no bid. No sales. Corn—Cob. corn, old, yellow, quoted 3.50a3.60 ‘per barrel; contract corn, spot, 69% ; No. 4 corn, spot, 67%; track corn, yellow, No. 3 domestic, better, 72_asked. No sales. Oats—White, No. 2, 493 bushel; No. 3, 49 asked per bushel. Rye—Nearby, 90a1.05 per bushel; No. 2. western, export, spot, 1.13%; No. 3, no quotations. Hay—Receipts, 99 tons; range s 18.00 ‘to 22.00 for good to choice tim- othey and’ mixed hay:; demand fair and ‘market firm; supply on hand ample for trade. ) SrawNe tangled rye, 15.50; No. ! wheat, 11.00; No. 1 oaf, nominal, CHICAGO, May 26.— Although showing an upturn at the start, wheat prices weakened today during the early dealings. The initial firm- ness was due to transient options of selling pressure. Receipts here, however, were large, 425 carloads, apd with. continued heavy deliveries asked per market soon turned down grade. Be- sides, shipping demand here was slow, buyers, both domestic and for- eign, being apparently cisposed to wait until after the end of May. The opening, which varied from un- changed figures to % higher, with May 1.28% to 1.28% and July 1.21% to 1.22, was followed by a moderate further gain in some cases and then by a setback all around to well be- low vesterday's finish. Rainy weather hindering fleld work gave comparative firmness to market for corn and oats. After opening unchanged. July 63 to 63%, the corn market eased a trifle and then scored a slight general gain. Oats started a shade to % higher, July 38%, and held near to the in- itial range. Provisions were dull in line 1 hog values. Potatoes—Dull: receipts, 40 cars: total United States shipments, 983 cars; Wisconsin sacked and bulk round whites, 1.40al1.50 cwt.; Michi- gan bulk round whites, 1.40a1.50 cwt.; Idaho sacked russets, 1.85 cwt. New _stocks, weaker; Alabama sacked Bliss triumphs, 3.00a3.25 cwt.; { Louisiana sacked Bliss triumphs, No. 1, cwt: Texas sacked Bliss triumphs, 2.50a2.90 cwt.; South Caro- lina slat barrels Irish cobblers, No. 1, mostly 6.00a6.15; No. 2, 3.7524.00. Subsequently persistent buying of July wheat in small lots for houses with eastern connections led to some- thing of a rally, which, however, fafled to hold weli. unssttled. 2 net lower to 1 -advance, with May 1.26%3 to 1.26% and July 12215 to 1.22%. The corn market closed steady at the same as yesterday's finish to %4 higher. with July 6314. with WHEAT— Open High. Low. Close. 281 1 125% 1284 2 {&e COTTON MARKETS. NEW YORK, May 26~The feature in the cotton market this morning was the urgent buying of July con- tracts, presumably to cover shorts. The opening was quiet at a decline of 4 to 7 points, but the demand |for July almost immediately de- veloped. sending the price up to 20.65 Dbefore the end of the first hour, or’ 30 points net higher. The strength of the near month started covering in later deliveries, which was prompt- ed by prospects for unsettied weather in- the southwest-over the week end. and October contracts sold up to 20.36, while December. touched 20.25, making net advances of about 30 _points on the general list. Futures opened steady; Jul October. 20.00; December, 19.5§ uary, 19.77; March, 19. W ORLEANS, May 26—Poor cables and reports of dry weather in the western belt put the price of cotton lower by 4 to 7 points around the opening today, but new buying met the decline and a quick raily followed. This buying was based mainly on a condition, esti- mates ranging from 61 ta 69.3 per cent of normal, generally considered to be highly unfavorable percentages. At the end of the first: hour of the session prices were 20 to 23 points higher than the close of yesterday. After falling to 19.86, July fose to 0.15. S “Futures opened steady; July, 19.86; October, 18.50; December, 19.36; Jan- uary, 19.15, and March, 18.95.- - ———— CHICAGO LIVE STOCK MARKET. CHICAGO, May 26.—Cattle—Re- ceipts, 4,000 head: market active. beéf steers firm; top yearlings, 8.90; bulk beef steers, $.00a8.50; fat she {stock, bulls, calves and stockers, steady; canners and low-priced cows, {weak’ ‘bulk fat she stock, 5.65a7.25 bulk canners and cutters, 3.50a4.50 bulk bologna bulls, around 4.55 bulk vealers to packers, 9.25a9. out- siders, upward to 11.00. Hogs—Receipts, 23,000 head: market, active; mostly 5 to 10 cents higher than Thursday's average; top, 10.85; bulk, 10.35210.80; pigs, strong to 10 cents | higher;mostly 5.50810.00; heavyweight. {good and choice, 10.60210.70; medium welight, 10.65a10.85; lightwel, 1 210.85; light lights, 10.25210.7 ing sows. smooth. 8.50a10.00; p: sows, roughs, 9.25a9.60; killing pigs, 9.25210.35. ‘Sheep—Receipts, 8,000 head: market, steady to strong; six doubles, choice, 82 to 86 pound shorn lambs, 13 best native spring lambs, bi straight, medium fed Texas —_—— DAIRY MARKETS. BALTIMORE, May 26 (Special).— Poultry, live, spring chickens, 1b.. 50 2b5; medium, 45a50; small and white leghorns, 35a40; young winters, 40a 45; old hens, 29a30; small and white leghorns. 26a28; old roosters, 16 ducks, 20a22; small and poor, 16al8; pigeons, pair, 35a40. Enz:i loss off—Native and nearby firsts, doz.,' 24; southern, 22a23. Butter—Creamery, - fancy, _lb., prints, 41a42; nearby creamer¥, 36a37 iadles, 26228; rolls, 23a25;. store pack od, 22; dairy prints, 23a25; proces buttér, 27a28. " GERMAN BILLING METHODS. NEW YORK, May 26.—Information there are compelled to bill goods for export in the currency of the coumtry of destination has aroused consider- able uncertainty in exporting circles. It develops that not all goods export- ed are so affected, and, in fact, that the billing of any goods in forelgn currency is not a German government decree. rters here have learned |from agents in Germany that the government is advising manufactur- ers there to bill goods in foreign cur- rency, but has not as yet taken legal mglur‘ to_enforce such action. the, textile lines, it appears, fc elgn currency quotations ar lents but in metal goods, ins! “other lines on May contracts, 891,000 bushels, the | the |1 The close was | FINANCIAL. and Live Stock LOCAL WHOLESALE PRICES. Eggs—Strictly fresh, selected can- dled, per dozen, 24; average receipts, 25; southerm; 26. Live poultry—Roosters, per Ib. 18; turkeys, per Ib., 25a30; spring chickens, per Ib. 50460; keats, young, each, 50a60; fowls, 27. Dreéssed poultry—Fresh-killed * win- ter chickens, per lb., 40a45; hens, per 1b., 303 roosters, per lb. 20; turkeys, per Ib., 35240; Keats, youn , 60. Live stock: Ives, choice, - per 1b., 11; medium, 10a10%; thin, $al. Lambs, choice, per Ib., 14." Live hogs, per 1b., 11.10. Green fruit—Apples. pér bbl. 5.00a 9.00: per bu. basket, 2.00a2.75; western, per box, 2.75a4.25. California oranges, Der crate, 6.50a8.00. Lemons, per box, 3.3024.50. Grapefruit, per box, 5.00a 6.50. Florida oranges, 7.5029.50. Straw- berries, ‘southern, 5a22; homegrown, 18a35. Vegetables—Potatoes, old, No. 1, per bbl, 2.50a2.75; per sack, 3.00a3,25; new potatoes, per bbl., 1, 5.00a 6.25; 'No. 2, 2.23a3.50. Sweets, 3.00a 4000 Yams, 250a3.00. Lettuce, per crate, 50a125. Romaine lettuce, 1.00a 1.50. © Cymblings, per crate, 1.00a1.50. Onions, per crate, 2.00a2.50." Cabbage, new, per cwt., 1.00a2.00. Cucumbers, 25043 30, Eggplants, per_crate, 3.00a 0. Tomatoes, per box, Florida, 3.00a 5.00, Beans, 1.00a3.00 per basket. Peas, 23024.00. Peppers, per crate, 1.50a3. Kale, 50a75. Asparagus. per doz., 3.00." Spinach, per bbl., 50a1.00. —_—— ‘ SHORT-TERM SECURITIES. | (Reported by Redmond & Co) Bid. Asked. Aluminum Co. of Amer. 7s 1825 103% 103 American Tel. & Tel. 6s 1922, 100; American Tel. & Tel, 65 1924.. American Tobacco Co. Awmerican Tobacco Co. 7 Anaconda Copper s 1929 ‘Avaconda Copper 7s 1929 3 Anglo-American Oil 74, 1925.. Armour & Co. Ts 1930.. = Atiantic Ref. 6igs 1981 Bethlehem Steel 75 1923 Canadian Pacific 6s 1924 C.. C.. C. & St. L. 6 10 1013 173, 1625 85 1931 1933 . J. Heluz 7s 1830.. i0dn | Humble 0il and Ret 10153 { Kansas City Term. & 1015 Kennecott Copper 1048 1053 Libby, MeNell & Libbs 7s 98 I . St. P. & &5 M. 6lys 1831, 1021, 102% New York Central 7s 1930...... 105% 1063 Frecter & Gamble 7s 1983 1017 U_ 8. Rubber Co. Western Electric Westinghouse Elec. —_———— TREASURY CERTIFICATES. (Reported by Belmont & Co.) Rate—Maturi 53s August 1, 1622 3138 September 15, 1 | B8 September 15, 18: 315 October 16, £3]% Decomber 13, 4308 March 15, 1823, 73 101 816 101 7-16 101 15-16 102 1-16 3% Mareh 15, FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Selling checks—dollar ¥alues st moon today. | London 4.45 Budapest | Paris Brussel | Berlin . | Rome Madrid Zarich Amsterdam | Athens _ Belgrade | Vienna Montreal . By the Associated Press. NEW YORK, May 26.—Foreign ex- change irregular. ‘Great Britain. de- mand, 4.44%: cables, 4.45: sixty-day ibills ‘on banks, 4.42%. France, de- mand, . Italy, de- mand, . 5. Beigium, demand, 8. cables, 8.43. German demand, cables, 34 Holland. fanm € %5 cables, 35.90. Nor: demand, 18.25. Sweden. demand, 25 s ouituack, demand, Switzerland, | demand, 19.08. Spain, demand. 15.50. Greece, demand. 4.18. Poland. demand. 021 Czechoslovakia, demand, 1 demand, 36.37. Brazil, de- Montreal, 99 1-16. LIGHTER BUSINESS ON NEW YORK CURB Bs Special Leased Wire to The Star. NEW YORK, May 26.—Curb—There was a further falling off in dealings on ¢ irregularly. Commiission houses took profits in a number of the recent active favorites, and some of the pro- fessional floor traders were sellers. Vacuum Oil was in fair demand, and | offerings were scarce, with the result : that a sharp advance occurred on mod- erate buying orders. Standard Oil of a point, and there was fair buying in Prairie Pipe Line and Standard Oil of Kentucky. Mexican Seaboard advanced more than a point. Some of the independent oil shares also were prominent and moved up- ward, while the others were receding. Fensland was a feature, making a new high record on fairly large dealings, and Carib Syndicate fouched its recent top. International Petroleum improved a fraction. Marine Oil, Creole Syndi- cate and a number of the low-priced shares held steady, but dealings were smaller than in some time. Motors More Active. Motors stocks were slightly more ac- tive, with Daniels leading. There was @ fair inquiry for Hudson, Packard and Durant. Glen Alden coal started slightly higher, but ran into profit-taking from floor traders and declined several points. Philllp Morris was easier. Tobacco (Products Exports, however, rallied after {an early recession. Mining shares were more prominent, due to the continued activity of some of the low priced issues. Independent Lead Higher. Independence Lead again made a new top on reports of a rich ore discovery, and Ray Hercules responded to optimis- tic estimates of ore reserves. Bon Alas- ka was firm. Magma Copper advanced a fraction, Boston and Montana con- tinued an exception, dropping rather sharply. A brisk advance in Freeport Texas 7s was the feature of the bond market. EARNINGS DESPITE STRIKE. PHILADELPHIA, May 26—Were not for the strike in the anthracite and bituminous coal fields, which started April 1, April and May gross earnings of the “Pennsy” would have shown,a substantial increase over preceding months and the corresponding period of 1921. As it is, the falling off in_coal revenues has been offset to'some extent by larger movement of other commodi- ties so that earning statements for the months in question will make a satis- factory showing notwithstanding strike. Movement of diversified freight Started to pick up the middle of Feb- ruary and has continued to show im- provement right along. While strike Ras affected mining operations in fields tapped by the “Pennsy.” there has been a large tonnage of coai hauled that has come in from other sections and large Stocks of both hard and soft coal above ! ground at time strike started. . . NEW BATHING SUIT BAGS. NEW YORK, May 26.—Something new in bathing suit bags, made some- what on the order, of brief cases, has been put on the market re. They are made of imitation leather, lined with attractive flowered material, and are guarAnteed waterproof. They include space for the'suit, as well as a largeé pocket in which towels and other accessories of a "dip” may be carried. They come in two styles, one having two snaps to hold the bag closed, and the other having only one. — Gen- | Decem| “ ltax-e ; | limited number of individual b exchange today. and consid- | Indiana was in active demand and rose | it] BROADER MARKET;: INDUSTRIALS LEAD Speculative Pools Operating in Oils, Sugars and Coppers. Rails Steady. BY STUART P. WEST. NEW YORK, May.26—There was no explanation for today's sudden broadening oyt of the upward move< ment on the stock exchange in the outside news. It was merely the working out of z position within the market itself which had stood the test of a week oz more of somewhat uncertain and hes tating price changes. The way professional Wall streel interpreted the day’s happenings was that speculative interests which have been conducting the campaign of the last four months had not relaxed thein control, and that whether or not the: were getting the outside response hoped for, they were still able to mark up prices with considerable suc On other days these pool activities had been devoted to a comparative stocK s, { mostly of the so-called specialty type | But today they abruptly reached ouf £0 as to Include at one time or anoth- | i . |er the greater part of the list. Th | principal gains occurred in-the of shares, in some of the motor ang equipment issues and the tobaccos. Industrials Lead. Tet decidedly more interest w shown in other groups, like the su= gars and the coppers, which had beei, inactive all the early part of the week. A few of the low-priced rails were. % |again dealt in in a large way, and, a% a rule, at rising prices. | The' rest of the railway section, ‘\I'h”’. not prominent like the indus- {'trials, stood up very steadi This was significant in view of the pessimistic comments which some of |the railway heads had seen fit tor |make as to the effect of the 10 per {cent rate reduction Even the sensitive speculative com- munity has got so used to this sort of talk that it refuses to take it at face value. Larger Trading. There was considerable incrggse itf the volume of business also in the bond market and grices were some- what higher. Apparently certain in- vestment operations were undertakes which had been heid up awaiting the jlatest offer of Treasuery certificates It was a relief that this issue was re. stricted to $200.000,000. This was less than had been looked for in the light of estimates that more than twice a% much as that wouid be needed to make up the Treasury deficit at the close of the fiscal year. Old Leaders Stronger. To the minds of professional trad- ers the thing, which counted m in the situation today was the tak up of old leaders. which for t week or more had been linge the baakground—Studebaker win Locomotive and Mexican Petro: leum. When these stocks came 1o the ‘ front again, the idea spread that the big interests were still keen as ever about the general rket and | were infusing new life into the specu- {lation. Specialty Moves. Ayother remarkable jump an Ice preferred revived d Anier- cuss {about the new capital adjustme jthat has been in the air for soms {time. A 6 per cent non-cumulative | stock, on which dividends cannot be increased, was obviously pretty high {where it was selling today, well in {the $0s. On the basis of simple in- {vestment return it was quite oul s of line with other 6 per cent preferred industrials. This gave more support’ to the notion that Ice preferred to be retired either in wh; an extent sufficient to shif: ance of voting power to the commor, stock Crossing 60 for the first time, Cocz Cola shot ahead rapidly. The move was founded upon the expectation of a dividend increase. e Washington Stock Exchange SALES Capital Traction 55—§1.000 at 05%. $1,000 { At Us%,. 8500 at 98Y { " Capital Traction 978 & | Washington_Kailway and Electric pfd —1 at 70, 20 'at. 70, Mergenthaler Linotrpe—10 at 133, 2 at 153 AFTER CALL. - Capital Traction 55—$1.000 at 8% Washington Raiiway aud Electric 35—8$1,000 at Tils, 31000 at T4 on Monotype—: i shington Kailway and Electric pfd.—i3 {at o973 000" at 8433, 500 a6 per cext BONDS. Bid and Asked Prices. PUBLIC UTILITY. | *Ex-dividend. Bid. Asked: o1 am. Anacostia aud P. Tel. of Va. 3s.. | Capital Traction R. R. Bs. i City and Suburban 5 Georgetown Gas 1st b Metropolitan K. K. 5t Potomac Electric 1st & 100 Potomac Eiectric Power 5. m._8s 99% | Pol. Elec. Poy. 5. m. & ref. 7s. 107 Wash., Alex. and Mt Ver. 3s. 23 Wash'. Balto. and An. Bs. & By Washington Washington Rwy. wy. and Elec. g m. 6s. 9 MISCELLANEOUS. 5% (long) . 2 Cold’ Storage §s. .. STOCKS, PUBLIC UTILITY. American Tel. and Tel 1 | Capital Tra 3 Washington : and Wash. Steamboat Rwy. and Elec. com. and Elec. pfd 1w w R Terawinal com. | Terminal ptd. [ St TR i American Becurity and Trust Continental Trust ‘Wational Savings and Tr aton Trust 5 Washington SAVINGS BANK. mmerce and Savings. East Washingion American LCoreoran Firemen Natiosal Uni ion Real Esite Tith MISCELLANEOUS. Columbia Graj com Columbia Gri D. C. Paper Mfg. Aercimnis’ Trausfer an: Mergenthaler Linoixpe 0ld Dutch Market ~com. 0ld Dutch Market pfd Lanston Msnotype ... Becurity Siomge - OFFERS TREASURY NOTES. Ap issue of six-month 315 per cent’ Treasury certificates, amounting 1p” about $200.000, was offered for subi: iption last night by Secretary Me! ?:;. to be datéd June 1 and maturing. ber 15, It will carry the k4 ‘