Evening Star Newspaper, May 29, 1922, Page 16

RAILS ARE STEADY; - INDUSTRIALS FIRM Very Active Trading—Some "Profit Taking—The Rail Wage Ruling—Notes. BY STUART P. WEST. NEW YORK. May 20—The railway Srate decision was, of course, the-im- )porunl plece of over-Sunday news Sbearing upon the financial situation. “ A few days ago when the Interstate ZCommérce Commission announced a 10 Sper cent rate cut. many were surprised “because this did not lead to any un- {10ading of rallway securities. 1t was pointed out at the time that “the main reason why this action had so little market effect was because it was .expected to be offset at least in part “by readjustment of wage scales. The struth of this observation 1s now estal- Mlished. “Taking the 1921 revenues as a basis and allowing for the reduction in Yvarious commodities which the car- riers have already put In force, the rnldu face a loss under the new “rates, which take effect July 1, of 1$250,000,000 a year. The wage cases ready settled will save the com- U ber I L T T L L L L L L L L L L L T LT porch and In garage. MAIN 4752 n XX * panies $48,000,000 and omr decisions soon to be hai save another $100,000,000 or mi Consequently the net loss to transportation Indust of the coun- try will not be more than $100,000,000 a which, distributed as ‘it will be. will not involve any serious hard- ships even for the so- clllod “weaker roads.” Swmall Price Changes, ) As rallway stocks and bonds have not gone down to ll, exgent on I week's decree of the Commerce Com mission, 80 they et up compara: tively little today on the eompannt- ing action of the Labor of the coal for a while and a few of the low priced issues were bid aip. But as a rule the gains in the rail up, both stocks and the similarly moving speculative bonds, at no time exceed- ed a point. Interest again centered upon the industrial section, and this was true of the bond market quite as much as of the market for stocks. A rush of buying at the opening ‘was reminiscent of the old days when the outside buying orders piling up over Sunday, were wont for time be- ing to take the situation out of pro- fessional Wall street's hands. But this buylng wave after causing a very stroffg start ran Into extremely heaVy realising sales, and after the first quarter of an hour or 8o the impulse to the moves in individual stocks evidently were coming -not| sources but from the Exchanges. Little happened in the foreign ex- changes, which were merely steady and not far from last week’ finll This itation cduld scarcely have been ascribed to uncertainty of Ger- many's reply to the reparations pro- ~SEE THESE TOMORROW NEW HOMES OPEN ALL DAY $11,500—Spring Road at 16th 6-room and built-in bath and shower, sleeping built-in garage. $12,500—Girard St. at 15th 4 Wonderful homes near the embassies that offer real value—6 rooms and bath. $15,750—Klingle and Park Roads’ At this price they are unusual bargains. Built by Kennedy Bros. Eight rooms, two baths, built- $18,500—Washington Heights— Just Off Conn. Ave. The best buy in this highly restricted dlstrlct— new homes just completed by C. H. Small. feet wide. Eight rooms, 2 baths, sleeping porch and many good features. M EEE handed down, it is declared, e | thi Board. stocks were actively bouthl. in R-!Goss,,,,'“ ' 1415 EYE ST. T e e O KR AN KA KRR KA KK Kk KAk **4**4**4**: be one: of full s‘.‘a.“&.“.':"!‘-fim‘fx;": A BUEDING IN NEW ENGLAND project of loan is put Cable advi nfllllon both in a8 optimistic on ical g J critl much anywhere n the deflcln ocourring hn t: c:{a and lllov llo no- anced. aken up at’one time or another t any stock exchange session for a long while. Motor accessory nnot-. all through the bull campal tled the motors. Usuall not started until the mo the latter have a day or 80 w glt In full swiny 'he position s is similar, for they t manufacturing eonmg.gnlu - 8 rlllhlnt busindss and far their ordérs. Gray Davis led the 'Ay and was followed by Bosch and Stromberg. Another remar! blu demonstration was given of the con- fidence of the Coco Cola pool baged upon: exp:dnnlm:: that llur x'alo::: .:g M would see the goal o n;y either reached or closely proached. Hydraulle Steel shares were very active again today at higher prices. A rush of new buying came into the stock on news of the sale of one of its big plants to United Ancy Btul. There are also intimatio: nl)lar deal with one of the Illtofln- be parts companies. The name of Spicer Manufacturing has been men- tioned in this connection, although if negotiations are on they have not advanced fi Adlmwd 24 = . Stnkm to BOSTON, May 29. tions are rapidly improving in New |l!n|'lu¢. The shoe workers in the Lyna and Brookton districts have ac- ‘cepted wage outs and the outlook |9 for the shoe and leather trades. is brightened thereby. Strikers at the New England textile mills are slowly returning to work.. The strike in Rhbode Island now is In its éighteenth week, but since the mill owners cured an injunction sgainst ploketing there has been a steady stream-of employes returning to work. The Hamilton Manufacturing Com- tions early in’the month with a 20 r cent wu- cut, has been -tMllv increasing its operations and at pre: ent_its cloth d.rrt.ment te Funaing on practically full time. The Nashi Manufacturing Company/ at Nashua, N. H., is operating 501 partments in ‘fl.l" ‘way, but the big Lawrence noluner mills are still closed. Ial’howrlllonl w".gme to ex- un t-n aVe ASSUMN o tions almost of a boom. m.m:u- ing and repairing al-o is in progress on a heavy scale and there I! 'ary work. alers report the largest business in Midsummer Heat Settles Surplus Labor Problem. BY JAMES R. RECORD. Special Dispatch to The Star. FORT WORTH, Tex., May 20.—Ten days of sunshine with the weather hot as midsummer has settled the employment problem for the time ng. All surplu labor has been bnrbafl by the farms. The weather has also increased retail business, vhlch is practically back to mormal in every section. Impor- tant exceptions, however, are the lowlands, where flood damage has been severe and where much land is being abandoned. Farmers there have replanted their crops for the fourth time in some cases. In some of the cotton regions san actual shortage of fleld labor is re- ported for the first time In th years. Choppers for the cotton are needed and in the blackland area farmers are hauling negro workers to and from the field in their auto- mobilés. Oll-well drilling has been resumed extensively in west Texas, aided by an abundant water supply. The re- tail shoe trade has been exceedingly good in the last ten days in Tex according to the manager of a chain of stores operating all over the coun- ti He has just concluded a tour of Texds and declared conditions here were better than any other seotion he had found. Business in the clothing trades is better than at any time in fourteen ars, with the exception of 1919 and 1920. so salesmen traveling through- out west Te: report. Merchants optimistic than at any time depression first became Merchants in Frisco Area Optimistic Over Outlook BY LYNN C. SIMPSON. Special Dispateh to The Star, SAN FRANCISCO, May 29.—While April sales showed a slight recession in retdil department store traae from March, this month saw a renewed im- provement and merchants are very optimistic over the outlook. The coming of the vacation season has slowed trade in general lines, but, on the other hand, the increasing move- ment of croj releasing funds in Ds = lha farming districts. Buying in the | interior towus s sliowing mucls tm- grr.ovmcn! oconsequence. The ight rate reducuon s expected to benefit farmers materially. Rapid erection of lpl.rlmnnt.l has improved the housing situation tem- porarlly, but rulzy men say that not than 5,000 homes must be bullt m..l conditions are re- Bullding 18 steadily {ncreas- ing in volume. Money_ for loans.is easily obtained on good terms. and Investment in 5 Indum-ul Condivions h,fm Wh.,n Pu:k- eting Let-Up Permits Return of Worhbops. HREVEPO I clal) —Oi1 ptodlle!lnn !l atill be hampered In Homer and Haynesvill which _ leveled derricks. between CHICAGO, Dmduun in thll dlnrl steel prices are expected shortly., Coal. FH, May 29 (8 Coal 1s moving into !hlltergllliflm lnyo':rafiow;l!ldvlunglll lnd.fienl\lck’ =) in flelds ai pany of Lowell, which resumed opera- | returning to work in the Fayette and Nominal quo- follo Monon- ‘Westmoreland flelds. tations on local coals a "“"“I? lump, $4.i ine 4.25 an ua [Fun of mine,' $4 to $4.50; Panhandle 50; run of mine and 3i: Dessemer Jump, $L35. to !n slac , $4.25 to Jee. A been est d!ltribmor here. Drugs and Chemieals, DETROIT, May 29 (Special).—De- =|been on & heayy scale and lumber|mand for drugs, chemicals and sode ucts from the far east, especially ndia, have been steadily lncreuml according ‘to manufacturers of those lines here. ILOXI, Mi, May 29 (Special).— Oy-tor season :\m closed was most h.mflln‘ wu o] nE»;:rv l:.“l 2 made & profit. oy e taining 4l 264,816 oysters. Fruit. Arkansas will six wie carloads, which be is a record output. Lumber. . May 29 (Special).—Buy- lecided]. lumbermen's assoclation for last week shows shipments were Rubber. AKRON, uty 29 (Special).—Depart- production in more than a year. has increased production dozen dally. Notes. DETROIT, May 29 (Special)—Con- ditions throughout Michigan a rapidly and steadily apvrou:hhl‘ normal. Lansing banks have gained over $3,000,000 in depo: since January Jackson reports a con- !llten! weekly employment Increase, and Grand nglfll furniture factories are back near 'lnd production. ATLANTA, May 29 (Special).—This city will spend more than $1,000,000 for street improvements this summer, and this is expected to furnish work for all 1le: e lured Into eonon fleldl S'l‘ LOUIS, May Speels and til lallll‘l hclpor- hdve ac- tanl.d & wage reduction from 70 to 623 cents ln hour in lhll district. NEW_ YORK, May 29 (Special).— Many business houses closed lh)oir doors here today unti] after the Deco- ratior day holiday. The coffee and sugar market was closed, but the stock, curb and cotton axchlnxel all were In operation. LUMBER MORE ACTIVE. HICAGO, May 29.—Orders continue in excess of production fn all soft- wood specles, according to a review by Lumber. ye al). —Mar- Prices particularly trug th Fhich aavances hive bean. of % ocaurence, with both buyer jer finding it dllflcull to keep lhr 5 of llhe Tap) cb.'llfil also mo¥ing briskly, 'l!h advances reported ' Yatner “Many small mills in the south' etting Into operat] i tion the heavy the “northwest | a Additional mllll in 0 r[ua. wnxln'L 1ds as & runlt of wind and uln. S 350 and 450 1a1).—8teel | §00° are making no promises as to deliveries because of heavy bookings. Advances in sheet | CLEVELAND, May 29 (Special).—A duction , of & c‘.’nu per hundred nd- in price of ice to consumers put into effect by the larg- om September 1 to May 1, 53,739 cases were shipped con- ST. LOUIS, May 23 (Special)—The strawberry ecrop of su’i‘noufl and marketed within ks. Qu) is estimated at 2,000 h'fl. nt lumber for Japan has fallen d but report of west coast below new business phc\d. e ments of rubber companies makin rubber heels and soles report huvles‘t leading manufacturer of golf Mlls to 1,200 y to normal activity d labor which cannot are mounting re Syndicate. Dressed GRAIN m PROVISIONS. RE, 29 (Special).— tatoes, hite, l“ l-fi xu. No. z.'mw Dotasos m L'.Ie."i poultry—Fresh-killed win- ‘hmm%dmh%‘m1 per ib, llur keats, young, each, 80, 115 modlum. lhlfl)fih !hln, ."I‘l Lambs, Mu. per 1b., 11, Groon truit—Any t.oo, w bn. baske: z 2. T584.25. B Satn uo-a.w. 8450, Grapefruit, j-r o 1b.. 225 lfi'l'- “G"‘ tables—Po! No. 1, ege! tatoes, 0. Bl 2 o8 5 Yams, crate, s«u?. Kale, 50a1.00. Asparagus. 3.00. Spinach, per bbl., 50a1.00. DAIRY MARKETS. BALTIMORE, May 29 (Special)— Pounry—uv-, spring mekens.ponnfl. mediums, 45a50; small hite leghorns, 36a45; youns He=a 0a45; old hens, - 29a80; small and white' leghorns, 26a28; 15‘ duoks, zo;zu ; small and poor, 16s 18: pigeons, pair, Eggs—Loss cf, native and nearby Srsta, dosen, 23 £a2d southern, 22a23. Butter—Creamery, fancy, pound, 3! prints, 41a42; nearby creamery, 3ba 37; ladles, 26a28; rolls, 23a26; store packed, 23a23%%; dairy prints, 23825; Process butter, 27a28. CHICAGO, May 29.—Butter—Lower; creamery extras, 33%; firsts, 30a33; seoconds, 28a29; standards, 34%. Eggs—Lower; receipts, 37,032 cases; firstsy 23a23% ; ordinary nnu. 21%a 22; miscellaneous, 22%a2 Poultry—Alive higher; owls, 25%a 26; Wrollers, 36a44; roosters, 14. CHICAGO LIVE STOCK MARKET. CHICAGO, May 29.—(United States bureau of markets) —Cattle — Re- ceipts, 20,000 head; falrly active eef steers mostly steady; heavy and slow; top, 9.10 bulk steers, 8.00a8.60; sh stock, veal calves and stockers gen- erally nndy. buils steady to weal bulk _beef packers paid 9.0029.50 for light vul- ers; few at 9.7 shippers paid up- ward to 10.50. Hogs—Receipts, 49,000 head: fairly active; big paekers doing litf ding lower; lighter weights mostly 5210 lower than Sat- pigs for good 100 to 120 pou heavy welght 10.60810.30: “medin welght, 10.75a10.95; light wellh'. 10. n 211.00; light lights, 10.25210.8 ing sows, -hmoso% s’s‘c“’ .90; mkln sows, roug at killin 9.35210.30. Jrapie Sheep—Receipts, 20,000 head; lambs mostly 25 lower; one load choice bandy shorn lambs, steady to city ulk holdovers, _to 13, springs, 15.00a15.2i best handy native ewes, 10. loads 100-pound fed Texas 'nharl. STANDARD OLLS LEAD ON THE CURB: By Special Leased Wire to The Star. EW YORK, May 29.—An accumu- lation of buying orders by stock ex- change houses ang purchases by floor traders caused sharp advances in the Standard Ofl issues on the curb ex- change today. These stocks were the leaders and dealings were larger than they have been at any time recently. New highs were made in the In- diana, New York and Kentucky shares, in Imperial Oil of Canada an in International Petroleum. anm Ofl was in good demand and advanced several poinss and Anglo-American Oll was also well taken at higher res. Frice movements in the independent olls were oonfined within smaller limits, but these stocks were for the most part strong. Fensland reached new high record and so did Carib Salt Creek Consolidated IL!O made a new high mark, and there was a better demand for Maracaibo, Mutual Ofl and Merritt Oil. carrots, 1 crate, x.uu.u; cucumbers, cra 0 gplants, erate, l.“ll ll klle. bushel, 10“'- A Lettuce, basket, 15a40; onions, l" Ppounds, 3.50a5.00; No. 08.3.00, 0.. 1. crate, 23.00; r'dll.hnl 100 EMW. rhublr 100, 3‘0!50 spinach, bushel, l.l“ squash, lMll 7 to! 3.5/ ltnwbemu urg 10a22 melons, each, 50876. Selling Prices at 1 0°Clock. ' Wheat—No. 1 red winter, l‘DOt. no quoutlon. No. 2 red winter, 1.34%; No. 2 red winter, ‘lrllck]. 1.34; May wheat, no bid. Sales—Bag lot of nearby by sample 8t 115 per bushel. Corn—Cob corn, old, yellow, quoted 2.5023.60 per barrel; contract corn, spot, 68%; No. 4 corn. spot, 66%; track corn, yellow, No. 3 domestic, better; 72 as Sales—3,236 Mllbtll of No. 3 yellow at 69 per bushel; 2,320 bushels of No. & mixed at 49 per bushel. ()l!l—whllo, 2, 4%A49% per 3, bushel. Ry»—thy 185" per bushel: 2 western, export, spot, nm. ho 3, no quotations. Hay—Receipts, 11¢ tons; range is 1800 to 22.00 for ‘ood to cholce tim- y and mixed hay; demand fair and muku firm; supply on hand ample for trade, Straw—No. 1 tangled rye, 15.50; No. 1 wheat, 11.09; No. 1 oat, nominal, 11.00a11.50. CHICAGO, May 20.—With deltveries on May contracts less heavy than has been the rule of late, the wheat mar- ket took & decided upward swing to- day during the early transactions. Talk of Germany ‘ettlu a billion- dollar loan tended also to encourage sentiment in favor of the bulls. Trade, however, ed volume, and th ket was' easlly Influenced. Deliverie: on May contracts totaled 595,000 bushels arid there were fresh arrivais here of 540 carloads of wheat. The opening, which ranged from % off to 1 advance, with May 1.35 to 1.25% and .rnly 1.22% to 1.22%, was follow- ed by all round, which carried and July to 1.23%. d oats strengthened with wheat. After opening unchanged to % lower, July 62X to 63, the corn market scored quite general gains. Oats started % lower to % sdvance, July 38% to 38%, and afterward as- cended a little ali round. Provisions reflected the grain ad- vance, notwithstanding lower quota- m | tions on ho, gs. Potatoes dull; receipts, 13 cars; to- tal U, 8. Jmonu. 865 cars. consin sacked round whites, 1.4581.60 cwt.; Michigan bulk round whites, 1.50a1.60 owt. New stock wealk: A s sacked Bliss triumphs, No. S e, Pt mabhea Bites triumphs, 2.26a2.60 cwt: Loulsiana sacked long whites, 1.7622.00 cwt.; Loglsiana sacked Bliss triumphs, No, 1, 2608275 owt; South Carolina’ slat is, Irish cobblers, No. 1, 5.75 |} ab.8l Indlcations that a speculator “who had_taken a large amount of wheat on May contracts was freely selling July lod to & sharp setback In wheat prices today, although earlier the market was climbing. May tumbled to 1.18%. The market closed heavy, 5%aé net lower with May 1.18%a 118% and July 119%. Big corn receipts and ideal weather Jalkh net lowe: Clese. 1. « i 1 R tion of the day in the bond market counted as bearish factors later when J\ll! ll*l‘l“ . A 59! -"’3 a £ 2 was reserved for the last half hour, whut went down de. close S ‘with 16! NEW YORK, May 20.—The sensa- when word came from Washington PLAGING OF FUNDS TROUBLE BANKS Building Loans and Calis for Tax Funds About Only Inquiry. BY L A. FLEMING. Local bankers are finding considerabla trouble placing their funds at a satis- factory rate of interest these days. The only demand for loans, that is at all active comes from the real estate in- terests with secondary Teserves loaning in New York at low average. Bankers cannot understand the coursa of the federal reserve banks in keeping up thir rates of discount, at 4% per cent, while the government finances its up their rates of discount at 4% Moreover the rate on the street for cz loans is considerably under the buni rate. The only other demand at this time than from building comes from tax- payers and the drafts for this purpos for the firat half of this week promises to be Only when government financing draws millions from the banks is ther. any stiffening of rates and then on for a few days when the plethora of money is again noticed. Building_operations, now at their height in Washington, are somewhit retarded by the scarcity of materlal r, chairman of the board of directors of the Riggs | Nation Bank, declared this morning th “never in the history of Washingtc had he seen such enormous bulldin operations under way. Employment in the building trades 18 to the numbeg, of employes. was 314'1 59 a share. Yesterday's fiz- ures of $106 were wrong. The bid price on the stock exchange for the noik for some time past has Deen ‘Tombstone Golf ‘This particular brand of golf will bé very popular at the District bamkers’ convention at Hot Springs. It is d scribed as follows: To each entrant's handicap will be added par for the course. A small flag with name of con- testant is furnished to each entrant ‘When the player has advanced on the course, having played as many strokes as allowed, he stops and spots his flac at the extreme distance made by hix on the final stroki ‘hus as suming the bandicap to be 16 par for the course 74, when you hav eonplelld your 90 shot, stick your in” the ground st the &pot where your ball comes to rest. Prizes will be offered for the winner and the runner-up. The Hibbs cup will be played for by members of the association, officers. employes and directors of member banks. Riggs Bank Delegation. ‘The dnle tion_to the convention from the Riggs National Bank wiil include Joshua Evans, jr., George O. Vass, vice presldenu and G. W. Dent, A. T. Dent and Keith L Smail. Some of the other officials would attend but for the fact that an important meet of the directors of the bank scheduled for the 10th prozimo. P. A. Drury is spending a few days at Bluemont, Va. Stock Exchange Closed. The Washington Stock Exchange did not hold its regular session today having adjourned from Saturday over Decoration day. Forty Years of Service. Thomas P. Kane, deputy controller of the currency, who has held th position through numerous incum- bents ln the office of controller, has about eted his reminiscences eoverln‘ M- forty years of service. ‘The e covered by Mr. Kane deals with the formative period of national banks, the first chapter dea! ing with the passage of the national bank act, followed by & chapter on the organization of the curre bureau by Hugh McCulloch, the first cbntroller of the currency and later serving two terms as Secretary of the Treasury. Each succeeding Incumbent of the office of controller and his adminis- tration is then glven a chapter in the reminiscences, followed by all events of importance during his term of office. A portrait of each official flluminates the work. All the great bank faflures of the 1ast sixty years are especially treated among _the failure of the Fidelity Na- tional Bank of Cincinnatl, through ths Chicago wheat pit; the passing of John R. Walsh and his two other Chicag: banks through financing a coal road the Bigelow defaication of $1,600,000 the Riggs National-Williams con troversy, Marind Bank failure the wrecking of the Oberlin Natio Bank by use of notes said to The Cities Service issues were some- what irregular. Low priced shares, notably Creole Syndicate and Marine Oil acted in sympathy with the strength in the high priced stocks. _ Motor Shares Sharp. New high records were also estab- Iished in several of the motor stoek including Cleveland and Reo., The uying of Cleveland came from a prominent stock exchange house. There was also good demand for Hudson. Moon and Peerless moved narrowly, while the Durant issues ‘were somewhat easler. Phillip Morris started somewhat lower, but rallied in the later deal- ings. Fractiona] advances occurred in Tobacco Products Exports and United Retall Candy. Interest was shown in Buddy Buds, one of the newcomers, which was in demand. Mining stocks were active and firm. Independence Lead started about un- mn;;ea. :u: rallied :ha;‘p)s |lsluer t;n covering by some of tI sellers in [the late dealings on Baturday.. Rex |y avosss marcelcr banks Increased Consolidated was more prominent | ““Biily of exchan wan of [favorable development forensea 374,149,00 marks, of tho property. Bon Alaska was | piect WS TN sury bills de- Bheher, creased 1.134.337.000 06 marks. creased 4,740,000 marks. WOOL TRADING LIGHT . that the Supreme Court had decided in favor of the government in its long | standing suit to compel the Southern Pacific to part with its interest in Central Pacific. Central Pacific stock is tied up as collateral for one of the issues of Southern Pacific 4 per cent bonds, and the immediate result of the news was to cause a 10-point jump in these bonds in the space of = few minutes. BERLIN BANK STATEMENT. BERLIN, May 29.—The statement of the Imperial Bank of Germany &s of May 23 shows the following chang T coin and bullion, increased 737,000 marks. Gold Increased 499,000 marks. Treasury and loan association notes increased 104,5‘1 000 marks. forged by Cassie Chadwick The work will be entirely narrativ. and Mr. Kane is in & position to tel an interesting tale. No tables will be used or statistical matter. Discussion of the proposition to abolish the office of controller of the currency and to transfer bank ex amination to the care of the Federa Reserve Board fills the final chapter The work will be brought out th fall by the Bankers Publishing Com pany of New York. From the west come the most en- couraging reports as to building. dry and other industries a both stocks and bonds is active |[have _ increased _ their operating | throughout the state. Packers are |Schedules. Sporadic —outbreaks o having trouble making contracts for |}abBor troubles in the Douglas fir region occasion some concern, but refusing’ prices which fail to meet | $1o%, Rave Not seriously hindered pro- thelr d.m..nfln ‘which in nearly every yet, case show increases over the pri which were obtained for last yesr's 3000(!)0 BARREILS IN APRIL ORK, May ofl’ exports aropa = flqru on & ard with lnovlnf o Commodity Reports roly 5‘"prll corporat production % 4 p From Various Sections|and deliverles’ "..:.‘: o ADEL 0 wesk %?u.h y that a part of me _8T, JOSEPEL Mo, day 30 (@pectaD. &' SEDAS SIS ), v Torasy Hioo ool growers In this state to -.em'l wnian’ Slnehar and Atmllxc-s‘:afl#:‘ oved t) in 100,000 pounds of wool at once to | Mex!s n eal rehouses here. Buyiag orders for n;:ne::?ns e l" e o ek that amount st 30 cents und, clear i po! of burs, have been received by pool FINANCE E NOTER executives. SEATTLE, May 29 (Special)—In- | Ward Sterne & Co., Birmingham, All., were awarded $1,000,000 of the tense activity 'is, apparent in wool here. Shearing just begun, but large olips of Washington and ate of Alabame bond with a fifteen-day op- tion on the remaining $2,000,000. wool have been sold on th back at from 34 to 35 cents Premium deposited on remainder will RT, , May 29 (Specialy, | Make Price if taken up 100.125. unscoured. T tho Jmorih Sud & hale cibes. th —! ‘month an sinco the s St gpening of the serdine packing’ sea: 05, S, Stecl. bas ordered Minnesota NTZ Lre DnLc.m',\,[ 1 great decrease in unemployment, With a splendid outlook for crope. —_— DRY GOODS QUIET. Orders Are Small, Largely for Over Holiday Period. NEW YORK, May 28 (Special).—The doors of many houses doing business in the dry goods market were closed today and there was comparatively little buying going on in print cloths and sheetings, although prices were well maintained at prevailing 1 Orders were small and scattering largely for filling in purposes o and cheques in- pound m vesay 11,288,000 161,445,000 assets increased on. Dodu decreased Ount lisbilities increased 'ram gold holdings, 1,002,864,000 ! §,236,794,000 | 1o¢e of “pajema checks made their 2 o e Oriental silk markets were firm and prices maintained here, althoug traders were very cautious abou d':.m commitments over the Y. prlo- néw current for their prod- &5 son, operations of the packers here | parim: i : Bave Been oniyt normal. *Many pack: | PEriments of the plants e Puluth to | Covering for Over Hollday Ferlod in ‘Strutation increasea | 56 PN AEY. P00 o UL L PP t ers claim they cannot pack flsh at|qjional men will be take Featured Business. 3,000 marks. e e s 1 il wien Southern California Edison s offer- ing 50,000 shares of new common to hareholders, who may subscribe for one share of new for every.ten shares old. The price is fixed at $102 a e In /cash or $103 payable at $5 BOSTON, May 29 (Spectal). —C?ver- ing by speculators over the holiday n evidence in the wool . Trading was light in LANTZ BROTHERS Seventh and D Streets SW. Automobiles. | 4,000 ATLANTA, May 20 (Special).—The Ford assembling plant here is now operating at rate of 100 cars a day|°f n-l has increased its pay ‘roll by 150 | ! were firm. Activity now is spreading —_— to the middle west and good wools A A & Barind breswe sivni bk MO o 3ok 2 X AOR O 3 304 224 2 A 2254 X o 2 K Either of the Meurs. Llntz—Snmuel A, or Hltold H, the prq)netors—or Chas. E. Sheéetz or. George Butts, uttaunu. will give every facility to' Star classified advertisers. If the Lantz store is in your neighborhood save yourself a trip uptown—and leave your ad there. No extra charge,’ . B You’umq-!ckmpona&mnsmandhd Ad.\j'uth—udus . A e Buater o Total Mly produetion is about 1,600 of 1921. involving payment of about 13600 & week additlonal. Hats. zum'n( ORE, May 20 (Special).— hat menufacturers herp a ent than they hav r this season of year before, OF FI CE SPA CE ‘ T he Edmonds Bldg s 911 mmsuumr. = share a monflx. International Ccment repornn quarter ended March ‘31 net income of uu.nc. edual cénts & share, and compares with ins nd comes of luo 263 in previous quarter 956 in_corresponding period | ¥ and $49 4 145 cemts a pound. shows to 52 are being well taken at high prices for | in Olilo, Michigan, Missouri and Ken- tucky, Ohio. delaines have brought moré than 50 cents a. nuuu in some cases. Dulnan clips in Mi hrlfl /to 46 cents and Missouri uq Teported selling freely around 40 'cents. Kentucky wools are rangingaround PARIS Eoum FIRM. PAB!B. May 29.—Prices were firm hm“ A w cent nne:.n BL t:::: g ,ttuu 74 unnnn. m y {'%Fhe dollar was Quo S ar i it »um m' MARKETS, NEW YORK, May 20.—Cotton mr- ket opened firm at advance of 7 to 27 points, with active months selling about 20 to 25 points met higher on or right after call, owing to steady Liverpool cables, reports of unsettied weather south and complaints that boll weevil are numeroua in many parts of belt. Advance tbo 21.36 for July and 2088 for October estab- lished new high prices for the move- uont snd attracted TWO LINES REPORT GAINS. NEW YORK, May 28 —Of five rs roads reporting April earnings ihe Illinois Central and Texas & f ific mre the only ones to show an in net operating income. cago & Alton reported an increase of £44. in its operating deficit, while Lehigh Vlll.] showed an increase of $214.34% in i cit after taxes. Pitisburgh bk. Erie reported a decrease of .’ll 000 in net income. —— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & (o) Selling checks—dallar valves &t noon todss Peague Warsaw 5 RE, ll 29.—Forei X ot gn ex- b % t Britain, 4