Evening Star Newspaper, June 7, 1922, Page 22

L J FINANCIAL. | THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JUNE 7, 1922." FINANCIAL, 3 | Open. High. Low. Close. Adv Rumley. . 19% 199 19% 19% Adv Rumley pf. 50 60 50 B0 Alr Reduction B5% 65% 65% 65% Ajfax Rubbher. 1™% 17 ” Alaska Gold L 5% % ::5fégchem|rll nh ;:2 'll),lz 5 - ed Chemical pf. 3 109% 109% 109 Controller Also Wants State- | Atc? cnemicaine. z00% 1057 103 i Am Agr Chem pf. €% 67% 67 ments From BOrrOWErs | am peer sugar. W s oa Am Rosch. ©% B4 d:& Am Can. B0V _49% & on Unsecured Loans. fmons 0 B qine o BY I A. FLEMING, Am Car & Fdy..... 158% 168% 168 168 & Am Chicle Co. n% nw 1 nug D. R. Crissinger, controller of the | am Cotton Ofl. . ... 25% 2% 23% 28% currency, hus issued orders to all na- | Am Cotton Oil pf... 6% G9% 6% B9% tional s that published voluntary | Am Druggists. . 5% 5% &% 5% statements must be in the same form Am Hide & Lthrpf. T1% Tls n 1311 in which reports are made to the con- |"'“ Tce 107 Am International. . troller in response tn calls. Am La France. .. .. C ntion of the contrc "¢ | Am Linseed. . z has been called to the fact t it iz | Am Locomotive ® practice of many nat ks to; AmLocopf.L... ' e | Am Radiator. { Am Ship & Com. publish the s «d voluntary as bf the date of the €O Am Smelting. all, which show assets 1! Am Smelting pt. Habilities greatly in exe * | Am Steel Fdy amounts shown in the published state- | Am Sugar. required by law. | Am Sumatra. = | Am Tel & Teleg , Am Tobacco ent labilities “By cluding conti and offsetting conting re s, and also @omhining assels and diabil- jties under names which do not ¢ -1 Am W Wks 6% pf.. 835 85 82% 82% Iy indi i cha such asiAm Woolen. . 9 s S 9 including the amount borrowed | om Writing Prpt.. 88 83 3 824 nioney un © headis Posits. A gincg Lead, ... 19 19 1% 1% enients of this churacter are | 78 © 00 D es b5 bl B4% misleading and deceptive pub- o0 Real 21 2% 2% M lie, and Wk~ wre requested | Assets Realzn S 128 125 to imme, Lisee the prac lated O1l. tice." | Atchison_ . Lol Want Staten Borrowers, | Afchison pf. . 5 & | Atlanta Bir & The contre » communicated [0 BE S ot 8% Sw 8% 3% Wwith the N na- | o Gt " tional ban neetl e f tiantic GUIL. § obtaining Jns | Atlantic Ref pf. from all borrow. : cess of § are not adequ 1 “This The ni De- | Baldwin Loco partment t0 & Ohto. tion of questing urged to ‘put th “pl Wiedee receipt of this latter @ - what will be done | tin the p faey | Burns Bros (B). Joins Bankers | ne e ,The Exchange fiank | Butte & Superlo {has joined the In e Bankers at Buttsnck as el Caddo ON AHeveror | Catife eic Hanen Caiifornia Pekng ornia Petrol et & A an Pacific. .. w Works. . Cal Secretury-ci ftend the Canac will go Case Pl « Central L : Central Le v‘»r-:."“l V;\. ¥ Cerro de Pasco. pay in | Certain-Teed. ‘reserve ba tler Motor. .. - sproce Lowering Interest. me il & SLP. e Another Chi Mi! & St P pf... found i *special mecti Znoon, will v money ChiR1&P 7% pf.. Chile Copper. .22 2% .- 812 82 Cluett Peabody 65 o8 s v | Coca-Cola. . 6% 68 or. g | Colo Fuel. 3 8% s as ! Colo & Southern. ... 48's 484 e Rt nore €asY | Coiumbia Gas R : Lk | Columbia Graph... &h 6% ¢ €S than ond Goumpia Graph pf. 19 19% &% 6% L6 6 | Cons Gas ot N ¥... 122% 128% | Cons Iati Cal Min... | Cons Textile 2% 124 12% 6% €74 67k 5% T Toh e e 104% 103% 104 wis flemer | N T e was steady at | Crucible Steel 6% g Crucibie Steel pf... 9415 Silta ares brought iban-Am Sugar.. 25% 26 : at outside | Cuba Cane Sugar... 18 figures of recent adv : | Cuba Cane Supf... 8% Extra Dividends. ! Davidson Chem De Beers Mines. Del Lack & Wstn. o r cent di City Bank d a2 pe New, idend for arter and an extra | of like amount. The Bank of New | DomeMines. .. ; York ha: lared dividend of 5 |DuPont(ED.... 1% per cent and an eXtra of 3 Per Cent. | oo woaan | 4 | Eiec Stor Battery.. 6% i ik Horn Coal. ... 28 Washington Stock Exchange | ik tom coal:---- 2 “ i wudicott-Joanson.. 83 Potomac_ Electric $1,000 at 96, $1.000 at & Erle... Erie 1st pt ! Erie 2d pf. b 4t Qi Elecur Famous Players... £5% Wakhinzton Gas Light—3 at o7 mous Players pi. 95 Capital Traction -2 at Fed Mines & S ... 50% Wadhiugton Railway und aher Body. . Tt ar . —Call ‘loans, e ce isiver.i3 of O Df.... 101 101% 1013% 101% s e L FFisk Rubber. ...... 17 1 1% 1% 5 2 BONDS. | Freeport Texas.... 26l 2% 3% 2% Bid and Asked Prices. | Gen Asphae. Lot e o ot Asked, | Gen Cigar. % % 7 4 rican Te i | Gen Electric. S164% 164% 164 164 ferican Te! i Gen Motor L% % 4% 16w o 47 Gen Motors pf 82% 82% 2% 8% Aoacostia’ & SIS Gen Mot 6% deb.... 83 63 \ Bl 2% nacostin & I' it @er Mot 7% deb. ... 96% 9% 9% 5% | Glidden Co 1% 1% 16% 1% | Gooduich .42 2% A% 4% Gray & Davis...... 19% 19% ‘18% 18% : | Great Nortbernpf.. Ti% A T T% { Great Nor Ore. A A% A% 41k { Guantanamo Sug. .. 124 2% 124 1% Potoma : Guif Mo & Nor. 8% 18% 18% I18% Potomae | Guif States Steel... 88 &% 82% &% Pot. Elec. Tow. o b b S Hartman-Corp. 871 81 8% 8% Hendee Mig 2% 24 2% 2 Homestake. LI W T | Houston Oil. 83% 83% 821 823 Hupp Motors. 20% 20% 20 20 MISCELLANEOUS, .. | Hydraulic Steel 13 13 2% 2% Rizas Realt P H 2 Riggs Re INlinots Central.... 105% 105% 105% 105% voSE. Col Indiahoma G 4% 4% Indian Refining n% %% 1 | mspiration. ... e s - | Interboro Metro Saiat Tou : | Interboro Met pf. 3% % 3% ‘ashiagton Int] Agrt Chem pf 0% 404 40% Ll * | Intl Cement... 3% 85 85 . | Int Combustn Eng.. 25% % 2% 20% Jprminal Tax ! Intl Harvester..... 105 106° 105 106 Terminal Taxl ptd | 1fitl Mer Marine. ... 2444 24% 24 4% NATION, K Intl Mer Marine pf. 84% 8% B88% 834 American bl Intl Nickel Uh 1% 1% 1% Capital . +| Intl Paper. - B1% 6% B0% E0% Sujnmiie “! invincible Ofl. - 18% 18% 18 18% e TowaCentral...... 11 13 11 18 Farmers and Mechnnic Lron Products. % 3BH MK Y Fpderal . * | 1sland OM... 1 1% 1 % bert. Lincoin KansasCity Sou... 27% 2% 26% 26% Batioaar Metropolitan Kansas&GuitCo.. 6 . 6 4% 4% m"‘a % « lKayser (Julius)... 43% 43% 43 43 ing’ 200 » |-Kayser.(Julius) pfd 105% 105% 105% 105% t 'Kelly-Spring Tire. . 50% 60% 60 60% erican Security and Trust, Kelly-Spring 8% pf. 105 105 1:;’5 105 Dtinental Trust ceee 8T% BTH 6% Natlona! Savings and Tr 20% 0% 0% 20% Washington Loan and Trust™., 2 " | Lackawanna Steel. 2% 5% 2% U% H SAVINGS BANK. 'derM&g. o su: :: a7 :;y. ymerce and Savings. Lake Erie & W pf.. 55 56 S abington. + ! feeTire& Rubber.. 38 =~ §3 58 38 Becurity Savings & Commercial. 2 Lehigh Valley..... 64% 6il% 64% 64% Tited States Liggett & Myrapt.. 16 116 116 11§ v Lima Lotomotive. . 111% 116% 111% 1% | Loews InC....t.... 16% 16% 16% 15% Lorlllard. 156 156 1586 156 Mackay Cos. .. % 9 % 0 Mack Truck. 5% 51% 5% 67 Mack Truck 1stpf. 88 8% 88 Ba% — Mallinson & Co. ... 23% | 2% :“ 2% Manat! SUgar...... 4% ¢ “h At 120 | Manhatn Elec Sup 63% E6% 564 G54 MISCELLANEOUS. an Elev.... 9% % & & Manbat *” 6%# Market St prior. Columbia Graphophone com. 5% Colymbia Graphoplione ptd. 19" ...0] Marland Oil AR Storage. 10 iip'" | Martn-Parry i o s:g-t:lefi‘ Linotype - s e | MatusowATknL S 9Ty o id Dut: irket com. B - [axwel .. . M% T8 7 72! Ntel WATRC yir gy | Maxwell (B)...... 2K w2k %W B e = o D | MayDept Stores... 174 1% U7 a1 eshington Market'. . Meclntyre Poreu. h am Yellow Cal - “r3 . *Ex-dividend. ‘ NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office L Received by Private Wire Open. High. Low. Oiose. | 'UNITED STATES WAR BONDS. Mexican Pete, 198% 189% 181% 1883 High. Low. Close. Miami Copper. 0% 80% 80% 80% | Liberty 83w, 1982-47.... 10014 10004 10008 Middle States Ofl... 15% 16% 16% 15% | Liberty st 4s 1032.47.... 9990 9990 9990 Midvale Steel. . . 36% 38 86% B87% | Liberty lst 43s 108247..10010 9996 10000 Minn&StL(n)... 13 18 12 12 |Liberty 20445 1027-42.. 9998 9992 9994 MoK&Tw 18% 18% 18K 18% | Liverty 3 41(s 1028..... 10000 9994 9998 MoK &T pt 40% 0% 40% 40% | Liverty 4th 41,5 193335, 10000 9996 9998 Mo Facific. 23% 28% 23 23 | Victory 4%s102223.....10062 10060 10060 Mo Pacificpf...... 6% 6% 58 % ropeion GOVERNMENT, STATE Montana Power.... 71% 74 71% 7% 'AND MUNICIPAL. Montgomery Ward. 2:4 2% 2% 2% (Gl e S Muliins Body. 04 0% Arpesiting High. Low. Close. ° s, . 100% 100 100 NatlAcme. .o 18 WX CUY IR e T b s Natl Conduit...... 8 8 ¥ C i atl Enameline. WA s S| G COpEen B i e Natl Lead. ..... Mk 9% s g Nat] RR Mex lat.. 1% 18% 1% 13 Sity MarseilloGs. . Coosiilodest Sy NatiRyofMza.... S 6% ‘5% &% vy Rio de Jan 83°46....102% 102% 102% N 5 | City Rio de Jan 8s°47....108% 103 108 Nevada Copper.... 18% 198 18% : City of Sao Paulo 85..... 1031 103 108 NewOrTexaM... 61 & g“ % | City of Zurich 8s L2 o2 u2 N Y Centra! -0 0 Czechoslovak 8s. oY% % 9% N YChi&StL. T T4 T T8M e T % NYChi&StL1st.. 9% 9% 9 9 Canada b S g 5 | Dom of Canada 6s '26 9% 9% 9% NYDock......... 4 4% 43 &M% |70; canagg 5 .101 100% 100% NYNH&Hartfd.. 82% 8% 8% 8% |10 of Canada 5831, 9 6% 8% NYO& West 7% 2% WX 2K Dom of Canada 58°52. ... 10 100 100 N Y Shipbuflding... 28 23 28 228 lDutch EastInd 6847, ... ot% %% %% Norfolk Southern.. 21% 2% 21% 21%|Dyutch E1sf6s'62. ., .1, M MUl S Norfolk & Westrn. . 107% 107% 106% 105% | Rrench Govt 8s. . ...« .. 1045 104 North American... 64% €4 68 68 |French Govt 735, .. .. 102 North American pf. 43% &% &% 6% | Japanese 4%s sterling. 91 Northern Paciflc. .. 76% 6% % 6% | Kingdom Belgium 7%, 109% Nova Scatia Steel... 3% 3% 34 34 filngflnm Belgium 6s. . 102% ingdom Bel, Ohto Body & Blow.. 1% 1% 1% 1%y cq00 nef.'.:':kxgé 1:% Okiahoma Prod.... 8% 4 8% 3% | Kingdom Denmark 83, 110% Orpheum Circuit... 20 20 19% 19%|Kingdom Netherlands 65 9T Otin Steel. ...onnnee 1% 1 10 1 | R rpoyCocliends 8. 101% Owens Bottle. -...- 31% 8% B1% 8T% | Republic Chile 8846, 106% " -9 g |RepublicChiless26. 102% Pac Development... 9 9 <78y | Republic Chile §s°41. 105% PacGas & Hlec.... % ™% % site Queensland 6 101% Pacific Mail 1 IState Queensiand 7s. 109% Pacific Ofl. o | Swisa Confed s £ 8s. 18 Pan-Amer Pete. s | Utd Kingdom 5148 ‘23 109 Pan-Am Peta (B) O | Utd Kingdom 5345729 . 1004 109% 109% | panhandla. : 1 | Utd Kingdom 515°37. 00 1028 10238 102% Parish & Bingham. 1% U S of Brazil §s. - 104% 104% 104% Pennsylvania. :m U S of Mexico 58 62 6% 60% Penn Seahd Steel. o |USof Mexicobslarge... §1% 6 5% Peoria & Eastern. T | US of Mexico 4. . 5l B0% B0% toe ’5\:1:::‘:;‘“- 67 MISCELLANEOUS. Pere Mrq prior Bf. T1% | Afax Rubber 8s.........103% 102% 103% Paila Compan: 89 | Am Agri Chem 748 103% 102% 102% s nPepta y 69% [ Am Smelting 18t 3s...... %% ®% R% Enlliipeele.qs: 20% | Am Sugar Ref 6s........100% 100% 1003 Flesce Artomat 4114 | Am Tel & Tel cv 6s. 1154 116% 116% Elsiee Ar 7% | Am Tel & Tel cl tr 5 o oo @ BSOSOl oo 0% |AmTel & Telcltrds..... o1 o1 81 >lerce OI1 pt. . 45% |Anton Jurgenscvés wi.. 90% 90% 9% Piggly Wisgly A 66% | Armour & Co 4148 pesit g::ls E%Q'l 81% | Atlantic Fruit 7s. 431 Rl Ve o 28% | Atlantic Refining 6 104 Barnsdall £ 83 A 106% Postum Cereal ol . 109% | Bell Tel Pa Ts. 108 Postum Cereal pfd.. 110 70% | Bethlehem Steel s £ 68 9% Pressed Steel Car.. 1 9% T8 T | o) g pasco ss 121 Producers & Ref... 41% 4% 6% 14; {Chile Copper 6s. . . 9184 Pro & Ref pf.. 48 48 BB i Chile Copper 7af. 106% sublicServof NJI.. 67 & & % | Columba Ga % Pullman CO. .vves s | Con Coa Punta Alle[l" - ::“ ::z: ;fi: “.f:: t‘mx (;#ii’y?vl"?nl.r,e. 12"': PureOll. ... % 32 s | Cuba Ca Pure Ol 8% pf..... 101% 101% 101% ‘m*‘cubnr:.Ar;::‘ucgva?'exbss.. 1% 2 ; Detroit Edison ref 6s. Ray Con Copper.... 18% 18% ;:“ ;:,‘: Diamond Matcas£714s. 108 108 o Reading. . . e 5% “51% | Du Pont de Nem 714 “ 4 Reading 1stpf..... S1% SW 56 (B p 00 ] e Reading 2d p. 5% E0ls E04 Embjre Gas & Fuel 75 Repingle Steel..... 8% 1 3% 81 | imoire Casd] 5 Rep Iron & Steel... 73% 76 124 7841 0% L0 i Replron & Stipf... 92 92 Sl 9% | TR0 O 08 0 Rep Motor Truck.... 1% 11% 104 10| 30l American's £6s. o1 91 91 Reynolds Spring.. &0 % 6 46 |IndianaSteelSstotfs 9% 99l 99% ;:“:z;:gigi;‘:’~lgz 1153 18% 118% | Inter Agricul Corp 58 A % 9% Ries Robert @ 1% 50 |her Mo e i p4n Roval Dutch. s SS% % S | Culius) s 7 104 tugland Ry Df.-... ol ol% 61 Bl fahter LU st 3 108% [t Josepn Lend.... 18% 184 1o 104 | TURNENA See SR 00, B8 e e SELE SanE Liggett & Myers 7s. L1418k 14 StL & San F{hv ST Lorillard 5s. %% %% %6l St Louls Southwn... . % - 47 | Marland Onl't 154 16 14% St Louis Sown pf... 47% 4% Midvale Steel 5 Wy W w Saxon Motors...... 4% 4% 4% 44| (R0 AT R S wil e e o Seaboard AlrLine..38% 84 T4 WAI S T IR (U0 T G s s aboard ALDL... 12% 12 B8 J% | Noriwest Bell Tel 7s. ... 107 106% 108% Scars Roebuck......TT% 7% 16 Packard Motor §s w107 Shell Trad & Trans YR | Pacific Gas & E1 58 0% 0% Sinclatr Ofl. 3% 81 5% buciic Tel & Tel Ss. @ Sloss-Shefflel Gt s i Pac Tel & Tel 58 ctfs. s s Sloss-Sheffield pf... 71 71 T W [ gt 0 08 208 Southern Pacific... 8% 9% 89 ML 00 hi Corer6s AL s o o1 Southern Railway.. 204 20% 2086 208 10 . () ep 55 Southern Ry pf 6% Bo% S8 B8M |, cers & Ref 86 Spicer Mtg Co. 2% B 24w 2|00 Service 5s. . Standard Milling... 120 126 120 128§ o0 B REETD o8- | Stand Oil of Calif.. 5% L6 1MW 114G 00 o | Stand Ollof N J. 19633 197 1944 194k in“.mdeou:;u‘!' and Oil NI pf....15% 15% ek 1a% | GO0 - TEC s B2 Sterling Products.. 49t 49% 8% 49 | gent ' AT 08: ! Stewart-Warner... % 4% &% [48% | poo0 B B Stromberg Carb.... 834 &% 88 B8 {ipjjted Drugev Ss Studebaker. .......122% 124% 1224 1Z3% | 1°'S Rubber 1st 58, Studebaker pf......113 Steel 8 £58 Submarine Boat.... % h Pow & Light 55. Superior Oil. . %% ~Car Chemical 1st 5s.. 9% 9% 99% Superior Steel. 5% -Car Chemical 7%28. .. 105% 106% 105% SweetsCoof Am.: 8% 3% % 3% 1 Western Union 61.s..... 109 109% 1095 Westinghouse " Temtor Corn (A).. 2% 2% 2% 24 wfxu:mi‘c‘; 1st 68 oo lfi: Yoreg ;enn anp:le;‘n’ - '::K :Ea 2 w | Wilson & Co cv 738, . 104% 103% 104! ex: . i Vil o T o o .| Wusen & Cocyes: LW @ W% Texas & Pacific.... 83 83% 8 824 e T Texas & PC&OIl. 31k 8I% S0% 82% ! Third Avenu 234 24 .28 28 Tide Water Oil.... 133t 138% 129% 129% Tobacco Prod..... {80 80% 80 & y TolStL&WnB... 62 5 6 &0 ToIStL& Wnpf B. 49% 43% 48% 48% Trans ContlOll.... 18% 18% 18% 18% Union Bag & Papr.. 65 {65 6 €5 Union Ofl. .. 24% ! Union Paclfic. By Special Leased Wire to The Star. gn;ifi%:lmt NEW YORK, June 7.—United States United R Iny government bonds alone reflected the United Retail § drop in call money rates today. The U'S CastIr Pipe 3 .84 i34% (reduction in the renewal rate to 3% U S Cast Ir P pt. 0% 69% 7T0%|per cent stimulated trading for a Egl}“&‘xfll:?:wh el oe gimtime, with liberty bonds the feature, U5 Indus Alcohol. 61% 61% 61 :57 |but the general list maintalned an S eilty T '69% 69% 6s% ies% |uneven course and the net result -U S Rubber. ... 65 65% 64 64 |showed scarcely any change in prices. U S Rubber 18t pf.. 105 106 105 105 |Liberty tax-exempt 313 per cent bonds USSmelt& Ref... 44 44 4 44 |rose again to a new top for the year, b 102% 102% 101% 102 |and the other members of this group U S Steel p! Ho% 1w 1191 11y | Were Strong. especially the first 41s, Ugsteelnt < eme ‘emt ‘e 67| which equaled their highest price. DPOK = Foreign government external loans Utah Securitle: 1 17 6% 16% | were the steadiest. United Kingdom 5128 0 and 1 ept_abreast of Vanadium Corp... {51 824 504 fok% Stérling exchange, and French So- Van Raalte 1stpf.. 9% 9% 9% 94 |curities marked time. Sweden 6s were Va-Car Chemical.. 82 82 3 3 |up slightly, while the Mexican gov- Va-Car Chem pf. 69% 69% 69 69 |ernment issues again fell off, because VivadoU..........all%s 1% 11% 12 {0f the uncertainty surrounding the current negotiations toward an ad- Wabash........... 2% 18 1% 13 |justment of Mexico's financial obliga- Wabash pf (A).... 81% S1% 31% 31%!tions to this country. Mexican lrri- Webber & Heilbrn. 13% 13% 18% 18% gation 4%s dropped six points from Western Md. . 18% 12% 12% | the last previous sale. Western Md 2d. 2% 2% 2% Taking Profits. Western Pacific. 2w 2 2 Among the low-priced railway Western Union.... 98% 9% 9% 9% bonds the Peorla & Eastern in- Westhse E& M.... 61% 6I% 61% 614! comes fluctuated most. They sold at Wheeling & LE 16% 16% 16% 16% |39, an .dvnncg of 2 points on the Wheeling & LE Dt 29% 2% 28} .28%; day and the highest level in several White Eagle Refin. 20% 20% 28% :8% | years, then reacted moderately. Profit-taking appeared in the new White Motor, . 50% Bi% 50% .Gl 74 v W hlte Ol s 10K 104 104 104 | International and Great Northern Ad- justments, which® were brought out Wickwire Spencer..18% 18% §18 - 118 | 3;,ynq 53 and sold up to about 5G. Wilson Company.. 45 45 45 .45 Selling occurred also in_the New willys-Overland.. 8% 8% 8% 8%|pgaven debentures and the San Fran- Wisconsin Central.. 81 81 81 8l |.jgco adjustments. Chicago and Al- Woolworth........ 168% 158% 158% 158% | ton 3%s were strong, concident with Worthington Pmp..58 .63 488 63 higher prices for the company's ek. Hign. Low. Last. [ S'G5%1 rise was due to reports of a « CallMoney..... 3% 3% 3% |union with the Missourl, Kansag and ompany. _Toledo, St. Louis HMOURLY SALES OF sTocKs. | Texas COmPRIY:, ,i0ced ' potnt, 611 0B Trictions Reactionary. | 25 Greater New York Traction issues, were reactionary. The buying in the Interborough Metropolitan 43s and FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & Co.) Selling checks—dollar values at noon today: | FONSE JO% 0y vy transactions in an- T 4004 Budspest 12% jon of an adjustment in the Eie 137 5 | bosousn affairs, which would be Berlin 35 Copenhage: 25 |favorable to the Interborough Met- Rome . 23 Christiania 17.80 [ropolitan bond holders. Madrid -15.90 Btockholm .....26.25 In the industrial section Consolidat- Zurich . Amsterdam ....30.18 |ed Gas 7s continued their advance to Athens ., Belgiada <147 - | 3" new top and _there was special W tkones e Montreal ...... .99% | girenpth in Ajax Rubber 8s, Producers and Refiners 8s and Marland Oil 8s. More selling came f{pto Cerro de Pasco 8s. New Ofterings. -The quick absorption of over $20,- 000,000 in new offerin, the largest an issue of $10,000,000 rst and refunding mortgage 6 per cent sink- ing fund.gold bonds, series A, of the Consolidated Gas Electric Light and Power Company of Baitimore. The bonds were sold -at 99 and accrued interest_to yield over 6.05 per cent. New ,York bankers sold $6,000,000 o of , Montevideo, republic - of rugus; er cent sinking fun Mns‘ };! and intefest netting about 7.26 per cemt. Another laree loan was an offering of $3,000,000 By the Associated Press. NEW YORK, June 7.—Foreign ex- change steady. Great Britain, de- mand, 4.50%; cables, 4.50%. Sixty- day bills on banks, 4.48%. France, demand, 9.13; cables, 9.133%. Italy, demand, 5.21%; cables, 5.22. Belgium, demand, 8.42% cables, 8.43. Germany, :35%; cables, .85%. Holland, demand, 39.03; cables, 39.08. Norway, demand, 17.73. Sweden, demand, 26.05. Den- mark, demand, 22.00. Switzerland, 19.20." Spain, demand, 15.85. Greece, demand, 4.23. Poland, demand, .02%. Czechoslovakia, demand, 1.93. Ar- gentine, demand, $6.76. Brasil, de- mand. deman1, 14.00, Montreal, de- mgnd, 99%. city certificates was most noticeable. These bonds recently rose substan- \ Direct to The Star Office. RAILROADS. " Low. Atchison gen 4y. 88% Atchison cv 45 °60. 101 AtlanticCst L 1st 4s..... 8% 8% Balto & Ohloprin 3%s.. @Y% % Balto & Ohlo gold 4s. ... 80% 801 80% Balto & Ohlo 6 100 9 9% Balto & Ohio cv. | 81% 8% BI% Balto & Ohio ret 5 8% 8 8 BKIyn RT78°21........ 8% 8% 8% BKIRT78'21ctfssta... T 70 79 Canadian North 6% uz 12 Canadian Northern 2% 113 Canadlan Pac deb 4 o T% Ches & Ohlo cv,58. . ®8% 0% Ches & Ohlocv 4%s. 87 8% Chicago & Alton 3% 0 8 CB&Q 1st ref 5 % 9% Chi & East 1l gen 8% 80% Chi Great Western 4s. 61 61 CM&StPref 4%s. . % 6 CM&StPcvss, . Wh CM&StP 451925, CM&StPov4ys. Chi Union Statlon 4% Chi Union Station 6348 Chicago Rwys 5s. CRI& P ref4s.. Chi & W Ind con 4s. . CCC&BtLref6sA. Cuba R R 1stref 7348 Del & Hud cv 5 Del & Hud 5%s. Den & Rio G imp Erle gen 48 Erle conv Erle conv 4s B Erie conv 48 D. Grand Trunk s f deb 65 51 Great Northern gen 7s. .. 109% 109% 109% Great Northern gen 5%8. 100% 100 100% Hudson & Man ref 58. 8% E3% 83% Interborough-Met 4338.. 12% 11% 1% Inter-Met 4l6sctfs...... 12 11 11% Inter Rap Tr6s w i <% T % Int & Gt Noradj 6s wi B4ty KanCFtS&M 4s. 8% Kansas City Sou 58. 8% Lake Shore 431928 le Lake Shore 48 1931. L&N 1st&ref 518 MStP&SS Meconds. MK&TprinfsA. MK&T1st 48 MK & T adj 58. Mo Pacific 63 Mo Pacific gen 4s. . New Or Terminal 48 N O Tex & Mex inc 58 N Y Central 7s. . N Y Central deb 6 N Y Central deb 48°34.. N Y Central ref imp 5 New Haven cv deb 68. . N Y Rysadj5s. ... N Y West & Bos 4348 Northern Pacific 48 North Pac ref imp 6s. Nor Pac-Gt Nor jt 8%48. Ore & Cal 18t 53. Ore Short L ref 4s Ore Short L con 58 '46. Ore-Wasn 1st ref 4s. Pennsylvania gen 5s. Pennsylvanta gen 4 % Pennsylvania 68 Pennsylvania gold 78 Peoria & East inc 4s. Pere Marqg Ist 5s. ... Reading gen 4s. SIL&SFprinds |St L& SFincés 65 68 StL&SF 518 B. %Y % t L& S F adj 6s. TBla 8% StL&SFprinés 983, Seaboard A Liref 48 a% Seaboard A L adj 5s. 267 Seaboard A L con 6s. 59 Sou Pacific cv 45 w0ty Sou Pacific ref 4s. . % Southern Ry 1st 58. w1 Southern Ry gen 48. 669 Southern Ry dev 6% 9% | Third Ave adj 5s. ... & Union Pacific 1st 4s. 91% “nion Pacific 1st ref 4s 8% 85% Union Pacific cv 4s. @y 9% Virginian Ry 1st 58 %Y % Western Maryland 4s 6 64 Western Pacific 5s. YN BT Wheel & L E con 4s. O O Wheel & LEref4i3s. ... 69 69 69 Wisconsin Cent gen 4s. .. 8% 8 80% TOTAL SALES (Par Value). lam...... ceee. 8569000 12 noon . 6677000 1p.m. 8710000 §. 0. SHARES SOFT, MOTORS AGT WELL By Specisl Leased Wire to The Star. NEW YORK, June 7.—The short covering and moderate commission house buying caused a steady open- ing on the curb exchange today. But after some advance at the start, realizing sales again developed and the market resumed its reaction, the | ofl_shares leading. The pressure was greatest against the Standard oils because these were the ones which had had the big rise last month. Some of the members of this group dropped several points before encountering support sufficient to check the decline. The particular weak _spots were Standard of Indlana, Standard of Kentucky. Standard of New York and Imperial Ol of Canada. International Petroleum was sympathetically heavy, but Anglo-American Oil was an ex- ception, advancing while the others were going down. Mexican Seaboard. Unusual interest attached to the trading in Mexican Seaboard issues on account of the sale of Sinclair Oil interests in the property. To pay for the Sinclair holdings, a banking syn- dicate announced this morning a new issue of 200,000 voting trust certifi- cates. These were introduced at once to the dealings and throughout the day sold at & point to a point and a half below Mexican Seaboard stock, al- though the new Issues are on an equal plane. ‘There were fractional losses in the independent oils, such as Mutual, Skelly, Carib Syndicate and Fensland. Skelly made no response as Phillips Petroleum did on the big board to the rumors of a deal between the two companles. Motor stocks were in fair demand following a similar movement on the stock exchange. Durant was the main feature, reaching a new high. Lincoln, Hudson and Daniels were all stronger, but Reo, after an early rise, encountered considerable profit tak- ing. North American Steel did better, but Tobacco Products when issued, after gaining some ground at the start, ylelded later. Amalgamated Leather weas some- what weak and Libby, McNeil and Libby went lower. — state of Colorado § per cent highway bonds. 6 Steel Stocks Gain, Aside from a dozen or so of the special issues, the market was dull. In fact, for three-quarters of the list it was the most uninteresting day in a long time. Evidently the trading element was puzzled over the true position, for the pools in the absence of the outside following ich they had hoped for were much less aggres- sive. The featurs of the afternoon was sharp upbidding of the steel merger stocks under the lead of the new North American Steel when issued on the curb. This was the natural rebound fol- lowing the hasty acceptance of specu- ulative Wall street on previous days that the opposition of the Federal Trade Commission seriously threaten- ed the consummation of the two big combinations of independent steel companies. 5 The truth simply is that the merger negotiators are being called upon to explain to the federal authorities that they are acting within the law as they fully believe they have been, Sterling Steady, $4.50. Nothing of consequence happened in the foreign exchanges, Sterling sold most of the day around $4.50. ‘There were no further reflections in the course of German exchange of the tremendous increases during the week ending 31 in German mote circu- latton, an inorease of over 7,800,000,- 000 marks, S S [ox wew vorx BONISstoex excaance] N, Y. Curb Market Quotations furnished by the Associated Press. INDUSTRIALS. 2:15. 1% 55 L 12 200 Amer Drug 2 2 100 Am. Writing 4% A% 4% 300 Awer Haw 5 8 a1 31 8L | 1000 AU Fruit ¥ 1, 28 2% 2% 1000 Br Am Tobaceo'cou 17% 1it ik 700 Brookn Cy B R... 8% 8% 84 100 Buddy Buds. L L U 900 Cent Ter 1% 1k 14 500 Cbicago Nipple. 4% 4k A% 1500 ColumbinEmeral 1 1 1 100 Continental Motors. 8% 8% B4 0 Cuban Dom Sugar. 1l 1% 1L 600 Daniels Motor s 13% 18 600 Denver R G 1 w70 1500 Durant Motors . 8% 48 200 Dublier O & P. 8% 8l BY 1000 Frontenac Motor .. 14 18% 13% 0. Gillette Bafety Raz 213 218 213 200 Glen Alden Conl 58 33 58 2500 Goldwyn Plctu ¥ s Y 100 Goodyear Tire 1, 187 13% 100 Havana Tobacco 1 i3 13 400 Hocking Val Prod. 3% 8% B84 1500 Hudson Motor 5 218 2% 54 Libby, McNell ... 2315 25 2% 100 Mercer Motors ctf. 82 3 8% 100 Moon Motur 0% 10% 105 100 Motor “Wheel Dolak 14k 145 w Jersey Zinc... 144 144 144 900 North Am Btl w . 4Bl 4815 49 2500 Packerd Motor .... 16 1o% 164 3600 Philip Morris . 1wy 1y 18 100 Poole E T 7 7 600 Radio Corp com... 0% 4% 4% 600 Radio Corp. pfd .. 3 8 3% 800 Reo Motor Truck 2 2 8500 South Coal & Iron 100 Standard 400 Rtandard Motors .. 200 8wift _International 100 Tenn Ry, I, & P.. 600 Tenn Ry pfd 100 Tenn Ei Pow. 1700 Tobacco Prod w o 1600 Tobacco Prod A w i 52 200 Tobacco Products.. 7% 100 Torben Axle. LN 1100 U 8 Light & 15 1000 U B Steamship 07 1000 U S Ship Corp..... .03 600 United Retail Carfl 0% 800 Min 100 White Rock ctf. 100 Willys Corp ctf. STANDARD OILS. Anglo American Ol 24Z Atluntic Lobos ... 11 5 Crpscent Pipe Line. 37 5 Galena Sigual Ofl.0 60 5 Indiana Pipe Line.. % Prairie Pipe Line. . Southern Pipe Line 9% South Penn Ofl, 0il of Ind. St Ofl of Ken (new) 1031 5 St O of N Y..... 440 Vacuum Oil........ 440 INDEPENDENT OILS Al Can . 53 Allied_Of Arkausas Boone OIL Brazos 04 Carib Syndi Citles Sery Cities Serv pfd B.. Col 8yn ...o..o.. Cosdea & Co. pr.... Creole Syndicate.. Eug Petroleum. Federal Ol... Fensiand 0il. Gillhlana 01l Glenrock Ol Hudson_0il Kirby Petrojeum. Pet etroleum . Marine Oil Muracaibo Ol Marland il of 1000 1000 o0 2800 gy 5200 100 100 100 1000 00 3000 T 1000 iy 4600 bavvn e exico 01 Mexican Seaboard Mouutain Producers Mutual O ....... 3 M & Ariz La Co Mexicn Seabd ctf. 400 M:id Colomb 3 600 Mount_Guif ..o 700 New England Fuel £300 New York O ... 2 Noble Ol : #2100 Omar 011 ..0L 1 Peun Mex 400 Pennok 0l 1000 Red B 1600 Ryan 1000 Salt Creek 300 Napulps Ref. o Simms Petroleum . Skelly Ol ...... . Shell’ Unton ‘ptd.. uthern P & Ref 18300 S0 24800 800 0 13200 Tin 1000 S Thial Osage 500 Turman 500 Wileox 01l Woodley ... Woodburn 011 MIN Brit Col Met 4y an 4y rdo Mining G G 8% Big Ledge .. 200 180 a9 8000 Bost & Mont Dev.. 19 1R 19 Boston & Mont Con B4 umet & Jerome. .1 Copper . ndelaria Mining. . ez Silver . Cresson Gold ide Extensi lores Esperanz. 3000 Hard Shell Mining. 100 Hollioger Gold Min. 1400 Howe Sound Co... 2600 Independence L4 M .57 800 Jerome Verde Div.. 3% 700 Magma 00 Magma op rts. Copper 1000 Neva 3 5300 Ray Hercules Mines 1000 Rex Consolidated.. . 400 Sheldon Min 5 2000 Silver Dale . 300 Silver King Con M 1000 Silver Pick ... 200 South Am P & G.. 1000 Stewart Mining ... 100 Tintic Stand Min.. 100 Tonopah Divide..... . 500 Tuolumne Copper. .. - 800 Tnity Gold....... 1000 T S Cont . 1000 West 100 Yukon 2000 Yerungton 1 Am Tobacco 75 '23.. 102ig 102 5 Anaconda Copper 6s. 100 ° 100" 100 1 Anglo Am Oil 7 103% 1035 8. . 11 Armour & Co 1 Beth Steel 7% 10 Beth_Steel 75 ° 2 Can Nat Rwy e 2 Cent Steel Sk 1 Col Grapho s 11 Con Gas of Hal 52 Consol Textile §x 5 Cop Ex Aus s 3 Deere & Co T 5 Emmi 5 5 Galena Signal OIl 7s 10414 27 Goodrich Tire T 1 Hood Rubber 7 5 Kennecott Copper. 4 Kings Conn Lt 6% © Laclede Gas 7s 4 Libb McN & Li u 13 No Ohlo L & P @s.. 87" 861 87 1 Philips Pet 73s '81. 128% 128% 128% 2 Public Ser Co N J 101 la 101 2 Robert Gair 76.m.. 987 OBY 98% 1 Saks & Co 7 . oesy esa gy 2 Sears, Roebk s "22. 1008 1003 1 1 Sears, Roebk 7s '23. 101~ 101 101 12 Southw Bell Tel 7s. 1023 1021 1024 6 Stand Oil N ¥ 108! 106 106 5 Stand Oil N ¥ 7 105% 105 7 Stand Oil X 1071 107 1 Stand O N ¥ 1087 108 5 Stand Oil N Y 834s. 1071 107% }g* 5 Stewart Warner 8s. 1 8un Oll Ts S 1 8wift & Co s '23 23 Bwift & Co 7s '31 2 Texas Co Ts 12 Tidal Osage . Edison 21 Un 0il Prod 8 5 Unit Ry Havana 1 Vacuum Ofl 78 33 West Electric 7s. 3 Winchester 7% FORBIGN BONDS. TREASURY CERTIFICATES. (Reported by Redmond & Co.) ~——Noon.—— Bid. Offer. 100 7-82 100 5-16 1007-82 100 1132 3 1007-16 100 1732 5 Ocbober 16, 1922 100 1001-16 December 15, 1922.... 100 15-32 100 19-82 100 15-32 100 19-32 1023, . 108182 103532 March 15, June 15, 1024 t 15, 1924...0 102% 108 1-32 : zlpnu’:nfif ees 1017-16 101 9-18 s March 15, 1 101 15-16 102 1-16 8148 December 15, 1922.... 100 109116 —_— Net income of 35,901,349 was report- ed by the “Katy” rosd for calendar year 1921 5 ) ) S . 3 R Grain, Produce and Live Stock LOCAL WHOLESALE CRICES. Eggs—Strictly fresh, selected, can- dled, per dozen, 26; average receipts, 25; southern, 24. e ve poultry—Roosters, per 1b., 16, turkeys, por Ib., 25a30; Goring chicien: er lb, 46a56; keats, young, each 6 owls, 28, . ressed poultry—Fresh-killed win- ter chickens, per lb., 30a40; hens, per Ib.,, 30; roosters, per lb., 18; turkeys, per lb, 35a40; keats, young, each, Live’ stock—Calves, “choice, per 1b., 11; medium, 10a10%; thin, 6a7. Lambs, lc'l:olcle‘. per 1b., 14a15. Live hogs, per Green fruit—Apples, per bbl., 5.00a 9.00; per bu. basket, 2.0082.76; western. per bex, 2.75a4.25. California oranges, ber crate, 7.50a8.50. Lemons, per bOX, 3.50a7.00. ' Grapefruit, per box, 6. 8.00. Florida oranges, 8.00a10.00. Straw- g:;glel. southern, 5alb; homegrown, Vegetables—Potatoes, old, No. 1, per bbL, 250a2.75; per sack, 3.00a350; new potatoes, per bbl, No. 1, 6.00a 6. o. 2, 2.003.00. Yams, 1.80a3.00. Lettuce, crate, 40a1.00. Romaine lettuce, 1.50. Cymblings, per \crate, 1.00a1.60. Onlons, per crate, 2.00a2.60. Cabbage, new, per cwt., 75al25. Cucumbers, 1.50a2.50. Eggplants, per_crate, 3.00a Tomatoes, 3.50. r box, Florida, 2.60a 0 25 0 per basket. Peas, . . Peppers, per crat 1.50a3.00. Kale, 50a1.00. Asparagui 76a3.00. Spinach, per bbl., GRAIN AND PROVISIONS. BALTIMORE, June 7 (Special).— Potatoes—White, 100 pounds, 1.25a 150; No. 2, bushel, 1.00al25; No. 2, 50a75. Asparagus, dozen, Z2.50a3.50: No. 2, 1.50a2.00. Beans, bushel, }.00a 1.25.'Beets, hundred, 4.00a5.00." Cab- bage, crate, 100a1.25. Carrots, hun- dred, 5.00a6.00. Corn, crate, 1.50a 2.50." Cucumbers, basket, 75a1.50. Eggplants, crate, 1.00a2.25. JLettuce, basket, 75a1.00. ~Onions, 100 pounds, 3.50a5.00; No. 2, 2.50a3.00; Bermuda, | crate, 1.25a2.00; spring onions, hun- dred,’ 1.00a1.25." Peas, bushel, 1.75a 2.50. Peppers, crate, 1.50a3.00.” Rad- ishes, hundred, 1.5082.50. Rhubarb, hundred, 4.00a5.00. Spinach, bushel, 75a1.00. Squash, basket, 1.00. To- matoes, crate, 1.5084.50. . packed, barrel, 6.50a8.50; . 2, 5.00a5.00; bushel, 1.7682.50; box apples, 2.50a4.00; blackberries, quart, 15a22; cantaloupes, crate, 2.0083.50; cherrles, pound, 5a15; grapefruit, box, 4.007.00; huckleberries, quart, 20a 30; oranges, box, 7.00a10.00; peaches, bushel, 1.50a2.00; pineappl: 2.75a5.00; raspberries, pint, strawberries, quart, ~6a15; melons, each, 40a75. Selling Prices at 1 O'Clock. Wheat—No. 1 red winter, spot, no quotations: X 1.25%; No. 2 red winter, garlicky, spot, 124%; June and July wheat, no bids. No sales. Corn—Cob corn, old yellow, quoted, 250 per barrel; contract corm, Spo 6733 No. 4 corn, spof, 66; track corn, yellow, No. 3 or better, 70. Sales—1,630 bushels of No. 2 yel- low on grade at 67% per bushel. Oats—White No. 2, 45 per bushel; No. 3, 473% per bushel. Rye—Nearby, 90a1.00 per bushel; No. 2 western export, spot, 1.03; No. , no quotation. Hay—Receipts, 29 tons; rangs is 18.00a22.00 for good choice timothy and mixed hay; market firm; supply on hand ample for trade. v—No. 1 tangled rye, 15.00; No. water- 5 11.50812.00; No. 1 nominal, 12.00a13.00. CHICAGO, June 7—Wheat scored & moderate upturn in price today du: ing the early dealings, traders' a tention being given chiefly to relative firmness shown by the Liverpool mar- ket. A dry section which apparently was developing in the spring crop belt attracted considerable notice, however, and so likewise did continued meager- ness of receipts here. Offerings at first were light, and a house with eastern connections led the buying. Initial prices varied from 3% to 1% higher, with July 1.1214a1.13 and Sep- tember 1.12%a1.13%, and were followed by siight further gains. Corn was firmer with wheat. After opening % to i higher, July 60% to 6015, the market continted to harden. Oats were neglected and inclined to sag. The market started %al to 3 lower. July, 36% to 36%, but after- Ward rallled somewhat. Provisions lacked support, notwith- standing higher quotations on hogs. Potatoes—Firm; receipts, 45 car: total United States shipments, 471 Whsconsin sacked round whites, 2.15 a2.40 cwt.; Michigan sacked and bulk round whites, 2.20a2.40 cwt. New stock slightly weaker; Alabama, Louisiana sacked Bliss triumphs 1, 4.00a4.25 cwt; Texas sacked Bliss triumphs No. 1, best at 4.00 cw South Carolina siat barrels, Irish col blers, No. 1, 7.00a7.25. Subsequently, apprehension in wheat increased regarding dry weather northwest. Besides, export demand here was said to be stronger. The close was firm, 13 to 2 net higher, with July and September both 1.13% to 1143 Sellera were cautious, owing to talk that the after-planting movement of corn to market seemed to be practi- cally over. The close was steady, 5 to % net higher. July, 60% to 60%. Wheat— Opn- Flgh Low Clos. Juis . 1a2% LMY 112% 114 Sept. 112y 140 1128 118% Tec. 15T 116% 114 1164 Corn— July .oy e o0%; Rept. © Dl led ‘8% Dec. Dleln ey 817y Oate— July 363 Sept. el Dec. COTTON MARKETS. NEW YORK, June 7.—The cotton market opened at an advance of 5 to 16 points on reports of rains in the south, steady Liverpool cables and Wall street and scattered buying. There was also some Liverpool buy- ing of nmew crops, but the advance was soon checked by New Orleans selling and light liquidation. After celling at 20.45 October eased off to 20.35, with active months generally showing reactions of § or 10 points from the best. Futures opened steady—July, 20.50 October, 20.40; December, 20.32; Jan- uary, 20.11; March, 19.9 NEW YORK, June 7.—Wet weather and unfavorable private crop ad- vices failed to inspirs any fresh buy- ing of consequence and the market was quiet later in the morning, with prices showing a tenden: to ease off under scattered liquidation. July sold down to 20.40, or 2 pomts net lower, shortly after midday and sold on about even terms with October, which held a few points above yester- day's closing figures. Later months were relatively steady, showing net advances of some 8 to 10 points. The weekly report of the weather bureau was without any apparent effect on the market. NEW ORLEANS, La., June 7.—The rainy weather over the cotton region combined with favorable cables to put cotton higher today, although the advance was not rapl In the first hour of trading prices were Bent 9 to 14 points higher than the close of yesterday to 20.35 for July. Private official reports indicated that a great deal of rain had fallen in both the eastern and western divisions of the belt, and the moisture was re- garded as being against cultivation of the crop, and favorable to boll weeyl activities. Fulures opened quiet, July, October, 19.85; December, 19. uary, 19.55; March, 19.39. Price movements were narrow for awhile, but toward 11_o'clock there was a sudden bulge, due to buying aroused by the unfavorable tone of the weekly crop reports from the government. July rose to 20.50, at which level the trading months showed gains of 24 to 34 points. LIVERPOOL, June 7.—Cotton, spot. in fair demand; glrlce steady; good middling, 12.34; full middling, 12.04; middling, 11.89; low middling, 11.44; good ordinary, 10.59; ordinary, 10.09. Sales, 7,000 bales, including 4,900 American. Receipts, 24,000 bales, in- cluding 23,400 American, Futures closed quiet and steady. June, 11.7¢ July, 11.69; September, 11.60; October, 11.42; December, 11.24; January, 11.18; March, 11.06; May, 10.96. 20.2| Jai MONEY LOWER, BUT STOCKS ARE SLOW Loans for Day 3 Per Cent. Confusion in Movement of Industrials. BY STUART P. WEST. NEW YORK, June 7.—The main velopment in the financial situatio today was a further lowering of call money rates. The renewal of standing loans which on Monday had been fixed 4% per cent, and on Tuesday at ¢ per cent, was put down to 3 an there was an abundance of funds for use during the day only at 3 per cent The time money market, 100, Wwa easler, although the prevailing qu tation of 43 per cent compared wit the season’s low of 3% a month ag This was another demonstration of the many given this year that when ‘Wall street drops its bid to 3 per ce and keeps it there out-of-town bank« drawn down their balances in quar tities sufficent to bring about an up ward recoil. But it is just as tru. that when in the course of this re action the call money markets get around the § per cent level these out- side funds quickly flow back and force rates down again. Today's softening process was tha more significant in that it occurred despite government withdrawals and that it came, furthermore, Within = week of the income tax payment, which always involves a_considerabl- temporary withholding of money for use in Wall street loans. Did Not Sth ite Market. It could not be said that the low- ering of money rates provided an- fresh stimulus either in the bond or stock market. Liberty 3%8 again made a new higl, and the other United States war loars sold at or very close to par. The general company list was irregular, but somewhat more active. It wis an equally fixed movement on the stock exchange. Railway shares did not respond 1o the $60,000.000 cut in shopmen wages, which followed the $60,000.0: reduction ten days ago in wages « the maintenance of way men. ‘Working Easler. In fact, outside of a few low-price shares in connection with which the: was “merger gossip” the rails wer inclined to work lower. The explans tion lay quite obviously in_the fa that the latest wage cut tad b fully anticipated, while the uncert. ty as to what would come of strike vote was a deterrence to in mediate speculative interests in ra way securities. In the industrial division of tt market there was the now famili extreme confusion in the movemeit individual stocks. Among the « Phillips Petroleum and Cosden bot bettered their previous high figu'« for the vear, Phillips on the prospec of & union with other oil proper and Cosden on high estimates regar ing the present earninzs of the cor pany. Sinclair Consolidated mad response to the sale of ts i in Mexican Seaboard, which bring between $8,000,000 and $9,000.001 cash into the Sinclair traasury. But other members of the oil groap wers as & rule neglected. Copper Steel Lower. Copper shares went down for time, and so did Steel common, bu there was no renewal of the pres- sure against the independent stee Dealings in the latter were restrict-d by the consideration that it will prol- ably be another two months at least before the mergers are passed upon one way or the other by the Federal Trade Commission. Phillips Petroleum was mentioned today as one of the oil companies which was likely to' be the leadins spirit in a merger of several comi- panies in the near future. One the companies to be linked w Phillips is Skelly Oil, in which a lea ing stock exchange house b come actively interested. An an- ) TCiRAiG n nouncement regarding the plans of these two companies is expected soon. Studebaker nnd Maxwell. Buying of Studebaker, which at times was rather conspiclous in day's market, was said to have com from speculative interests that have been identified with all the big moves in the stock. The essential fact in the Maxwell motors situation is that two separate pools are in charge, the one of the A stock and the other of the B stock. The A stock pool is quiescent and the B stock pool active. this is why the B shares have been doing so much better recently in the market. Activity at rising prices in the low-priced Atlanta, Birmingham and Atlantic stock is due to the discussion of merger possibilities. Either At- lantic Coast Line or Louisville andl Nashville, it is thought, could use tha road. Before the company went ints the hands of & receiver severul years ago the Atlantic Coast Line was sail to be negotiating for it. These gotiations were broken off receivership. —_— SHORT-TERM BECURITIES (Reported by Redmond & Co.) —Noor. by Bid. Aluminum Co. of Amer. 78 1823. 10335 American Tei. & Tel. 65 1022 100 American Tel. & Tel. 6s 1924... 101 American Tobacco ( Alllltr‘l:ll oa! Armour 0. T Atlantic Ref. 8138 1881 Copper Export * Copper Export Copper Export * Cudahy Packing ¢ s 1981, Kansas City Term. 6s 10 Kennecott Copper Tx 1480, Libby, McNefl & Libby s 1 M., Bt. P & 8. 6135 1031 New York Central 15930, Procter & Gamble 7s 1923. .. Bears, Roebuck & Co. 7a 18 Bears, Roebuck & Co. 7s 1623. Bouthwestern_Bell Ts 1825. Swift & Co. Ta 16 Swift & Co. 7s 1931 Texas Co. 7s 1923 Talon Tank Car 7s 1980. U. 8. Rubber Co. 7s 1823. Western Electric 7s 1623 ‘Westinghouse EL & M. 7 —_— DIVIDENDS. Stock of Ty ' po Record. alie kn & Santa Fe At P, $200. . June 30 Aug. 1 Canadisn General Electric Co., q., $1.50........ .es Dolores Esperanza Inc., Gc.. i ; Greenfleld Tap and Dye Co. K’ll 8 S elly e oo 50 Loose-Wiles Bis Pr., $1.76, for period of An- fust 1 to November 1, 1617.July 18 Loose-Wiles Biscuit Co. f., q., $L75...... MEkican” Sesbosrd Oil ‘mo., Bdc.. Motor' Wheel Co. N. Y, Chi. & Bt. st .June 19 24 pt. National $2.50 . . Natlona Licorice' Co. 'pf., a., $1.60 . June 28 Twin City Rapid Transit Co., “June 15 City Rapid Transit Co., . SL.75. “June 15 June 28 32. Twin VISIBLE SUPPLY OF GRAIN. NEW YORK, June 7.—The visable supply of American grain shows the heat, u.fiu,onq following chang bushels, increase 541,000; corn, 27. 066,000 bushels, decrease $21,000; oats, 11.006’.(0‘0’»' ':ouolh:ll. h:l::r;m L4ds 000 rye, 3, us! ecrease 936, D:.o.“btrlw, 1,246,000 bushels, incre: 39,000. S ~ P