Evening Star Newspaper, July 1, 1922, Page 11

TINANCIAL. DIMINI SHED MARKET INTEREST ONLY SEASONAL AND CAUTION Slack-up in Tracling’ in Line With Prece- dent at This Time of Year—Business Trend Being Watched Closely. - the coming of cold weather which would be diflicult to overrate. Coal Status Live Tople. The bituminous industry is better ff. Production is running at about ) per cent of normal and has b?;"< the peeding up to the utmost of the out- Special Dispateh to NEW YORK of quiet into which the financial mar- in line with prec- kets have settled | tent at this seas n of year. An ac- | slowly increasing, thanks to " THE EVENING STAR, STOCK DIVIDEND FOR REQ MOTORS NEW YORK, July 1.—Business on | the curb exchange today was small except in a few particular issues. The feature was Reo Motors, which on the announcement of a 100 per cent stock dividend shot up to 30, & rise of nearly three points from the Friday closing. Toward the end the stock came down again under profit taking. Active buying continued in Hayes ‘Wheel, which more than regained the dividend that came off the selling price this morning. This advance was attended by unofficial reports of more of a demand for dive spring; with 0 tendeney t0fput at the mon-union mines, Re-|Chicago e Rtah s carrieadt Fup ulative exc calls for a T serves are still'large enough for the | jiaif e v = 2 © witn | mills and ories to get along for ¢ justment in the month of June, With | 4 pther two or three months. But Radlo Stronger. = cradually dir ishin; intere fol- | every day the strike continues brings Radio issues were more nd wed b spell of inaction lasting :E*‘ ‘H"H*r DEdres ';fz;;bcur(m'“ml::’;:f stronger, Radio common up a on Aroush the wreater part of Julyltry, with consequent check up on ang PrbBientacrosdsdiitor ithe Arec This is an altogether famlliar chion- | trade recovery Realizing sales made themselve: : More interest, therefore, attaches to | . Realizing sales ma ology. In the old times the markets [ i OTC Erest: Hherotoms, A ration to | felt in the Standard Oil issues, 1d come « ow, but it inancial operations ack in business is going to sh all, and particularly or trou The rail strike threat at en taken very serious stment community b view no har s by shops coal ~tage whure it Certain the sod, it will entail would strike is a_d E Solicit|] Property and ApWent House Listings McKeever & Main 4752 basement 18133, several kinds of fruif Metropolitan Branch. ~ riting the a fact that important how pe up for the to se s will come out. s be shutdown of hardshi “Maximum Service.” Business 1415 Eye St. of a portion th hall, furnace heat, large iawn, large shade trees: ome acre in truc out- true Eet the op and settle any other pending matter. hardly being held general | favorable, The ition is ts are good. the erating at 75 how no time has The in- noin- the rail of un- en could | e sev try and unemployment comparison with what months ago. The gen 1 and distributive t ite, back to normal unt of rates are all on a ieenly it to et m at all pro- to the rise in most important ducing loan accounts prevement in investment | enabling corporation unfunded det Mark 1ark continues the mos feature of the European j the causes behind it are obscure. The note is 000, the year and 95 reparations pa The pre. 000,000,000, a gain: 000,000 before the war. The way things s tion of German, pnceivable. ceptable assi has n oof nitude to take ¢ at present pr government can tions, credit faci ribed. it longer abl allments will herself no [monthly ins question then will jeopa o kdown (Copyright, 19: ) Goss to do any until after the holiday. ., Monday n their demands. new high' elevation with 10 minutes’ walk to B. Price $16,000 electricity, tolephone, & 0. FOR FURTHER PARTICULARS APPLY J. P, Bowers, Owner, 217 Peabody St. N.E. Call Columbia 8592. * Accept Our Opinion —that this is the best value now being offered in Takoma Park, D. C. An entirely detached home, on a lot congain-, ing 10,000 square feet of ground, with fine shade trees. Eight large rooms, spacious porches—a-modern home with every convenience and ready to move right in. Two blocks from either car line. Let us show you this today. Unusually reasonable price and terms. N. L SansBury Co,, llnc “Everything in Real Estate” ' 1418 Eye St. N.W. Phone Main e to financ Continues to Fall. The fall in the value of the German interesting ituation, but ertainly not ue of the Ger- man reichsbank is now up to 44,000,- 00 marks_since the beginning of 000,000,000 marks since the ‘inflation incident to meeting the ments set in a year nt total is nearly 158, less than 2,000, ors and miners together { their differences, than to Barring labor troubles,_the general Business re- eel mills are per cemt there is un- usual activity in the building indus- is small was even six 1 volume of le is almost, Federal commercial discounts, eptances and open market pre-war agricultural which allowed the farmer: ff their obligations at the b influenc s been the im- | ditions in th 1 now, no solu- ial problem is no pledge against sufficient mag of the program al n No French modify the repara- bringing them within German and hope 1o las test will come when Germany finds to meet the in gold. be whether Franc the truth that she is vn interetts, when, through her policy of no let-up or c ion, she forces a German The The WOOL MARKET QUIET. Prices Generally Steady, No Buy- ing Activity by Mills. buying activity and are not expected | purchasing of moment Good prices are reported to have obtained at the southern Wyoming sales today and growers who will offer between two and_three million pounds at Roswell, are said to be very m, pantry, cement , 2-car garage: lo view; grove of 46 R. E. Station— in finan- nt. tive again, anticipating their early duction to the stock exchange. Permission has just been sought: from the listing committee to put both the stock and the voting trust certificates on the big board, e EIGHT QUARTS STOLEN. iJoy Party in Woods Suspected After Residence Is Robbed. believed pol a “joy part in a in the s of the vesterda ternoon by in der !visite den of J. M Roc rd road, between 1 and o'clock and stole eight quart of assorted liquors. They also stole $300 worth of old coins, and $4 bills. Entrance was gained thro a second story window. n, 2106 street ployes unitions building, 19th and D streets, was the victim of a sneak thief at her place of em- ment yesterday. She told the police her pocketbook, $60.50, and several tickets and receipts was stolen from her desk. Burglars visited Joe Ponolu's store- room, at 1400 38§th street, Thursda night, and stole a supply of canned fish and part of a box of cigars Theft of ten law books_was re ported by Howard Boy, 710 1ith street. The were taken from his of- fice vesterday morning. Mrs. E. E. Duvall, Muirkirk, last night met two colo s|near 14th and K streets and sked to change a bill. One of bovs snatched §30 from her and dis- appeared. PICKFORD DIVORCE 0. K. Nevada Supreme Court Refuses to Grant Rehearing. It is the 1d h by e By the Associated Press. CARSON CITY, Nev. 1.—The state supreme court of Ne here de- nied a petition of _Atto General Leonard B. Fowler for a his action attacking the divorce g to Mary VPickford from Owen Moore both motion picture stars. The supreme court recently upheld the divorce. N FRANCISCO, Calif—Refusal of BOSTON. July 1 (Special)—Pre- vada supreme court to grant the | holiday et reigned in Summer |petition for the rehearing of attack on street toda; Wool prices were gen- | Mary Pic r ans that the | erally - Mills exhibited no % case is ended. Fran- represented declured cisco attorney, who Miss Pickford in the matte For more t! 2 Dbeen in the Ne filed April 16, 19 Pickford, who was granted the div had married Douglas Fai star. GIBSON’S MOTHER DIES. Survived by Daughter, Mrs. D. W. Enowlton, Here. BRISTOL, R. L. July Charles De Wolf Gibson, Charles Dana Gi Langdon Gibson, the arctic explorer, died suddenly last night after an tack of acute indigestion. She w born in Boston eight go_and was a_direct descendant of Gov. Wil- liam Bradford. i Mrs. Gibson i i ter, Mrs. Washington. She had !in this town for the last three years F 1.—Mrs. mother ¢ Knowlton of Free Crab Feast at Building Lots at Cedarhurst Now Offered at ‘Lots 50x100—Terms Arranged yourself what a paradise it is. payments, lot is deeded to his balance due is cancelled. BAUMAN & 734 15th bson, the artist, and | made her home ! Follow the Grange Sigus to CEDARHURST Bring Your Friends and Your Bathing Suits and Enjoy Fine Well Water for Drinking —think of mer at the coolest place $100 to $600 No Interest to Pay Spend the 4th at Cedarhurst! chaser of lot should die before completing all Grain, Produce LOCAL WHOLESALE PRICES. Eggs—Strictly fresh, selected, can- dled, per dozen, 24; average receipts, | 28; southern, 23. Live poultry—Roosters, per Ib., 13: turkeys, per Ib., 25a30; spring chickens, per b, 34a40; keats, young, each, 60; fowls, 26. Dressed poultry—Fresh-killed spring chickens, per 1b., 40a45; hens, per b, 26; roosters, per lb., 16; turkeys, per Ib., 35240; keats, young, each, 60. Live stock—Calves, choice, per Ib., 9a9%; medium, 814a9; thin, 5aTl Lambs, choice, per ib., 12; live pl§:. 3.00a8.00 each, live hogs, per 1b., 113 Green fruit—Apples, new, per 2.0026.00; per bu. basket, nearby, 75 western, California | erang, 4 Lemons, apefrait, per box, 010.00. per Blackb 3 2%ba | 35. Peaches, ;) Cherries, per basket, 60al.10. California lopes, 3.00a § 4.00, Vegetables- new, 1.0 New York, per Dbbl. a2,00. Let per 0. 3 50. Onions, ). Cabbage, new, per Cucumbers, 1.00a2.00. Wer crate, 2 . _Tomatoes, { per_box, nearby, 1.50a4.00; Mississippl, 21.00. ' Beans, 1.00a2.00 per bbl. Peas, +5_oaas.oo per Lbl. Peppers, per crate, “per 042, per eratd { bbl., 40 | plant 5024.00. Kale, 1.00a1 Asparagus, per doz., 75a3.00. Spinach, per bbl. 3.00. DAIRY MARKETS. BALTIMORE, July 1 (Special).— Poultry—Live; spring chickens, 1b., small to medium, 3 : white ‘small r. 30. 1.—Butter, un- July ; £ d; receipts , unch ettled: fowls, FOREIGN EXCHANG! (Quotations furnished by W. B. Hibbs & Co.) Selling checks—dollar values at close tolay: Tondon . Paris Tirussels Rerlin Rome Rudapest Prague Warsaw Copenhagen .. 4.42%5 41 9 19.00 .00 urich Athens Vieuna L0039 Montreal % By the As: Press, W YORK, Jul — Forcign ex- s AF Britain, de cables, 38, Sweden, demand, Denma demand, i. Czechos! Argentine demand dem demand, Poland, vakia, 1 mand, | Montreal, $ NEW LOW FOR MARK. NEW YORK, July 1.—The German | i | 1 ! sold at a new low level of| | ;. cents in the local exchange |t market today, establishing a record | imum. Th normai _or E value of the mark was 23.8 cent I curren: of Ger S one-hundredth of BAR SILVER QUOTATIONS. EW _YORK. July '1.—Foreign er. 71 Mexican dollars, 54 1y ,1.—Bar sil 3 LONDON, 5 'r ounc Lo 1% per cent. t rates short bills. 215 per cent. month bills, 2 3-16a21; per cent. BERTEN BY WOMEN. Assailants Aided by Bulldog, | Farmer's Wife Charges. ' WAINSBORO, Ga., July 1.—Mrs. §. Moore, wife of farmer, was tacked by two women on the Moore plantation, near here, according officers. She said to have! been beaten over th ad with a hoel wd, according to officers, a buil- dog that accom 1 the alleged ailants bit her. county h Cedarhurst July 4th the Day Here { it'—spending the sum- near ltage—far away from the sticky heat and still near the city—right_on the Chesapeake Bay sur- rounded by cool woodland swept by the refresh- ing breezes. HW 10 GET THERE Take Mariboro and Annapolis Pike and follow the ‘“orange signs.” HEINZMAN St. N. W. See for If the pur- heirs, - and A Business E are having requesfs for Apartment Houses Investment Propgrfies - Residence Properties List Your Properties for Sale With Us / ‘Properties j MOR AFRITZ CO | 913 15th St. N.W. g Main 617 50; ] Igg- | native and nearby | | | writ tol i , hel and Live Stock GRAIN AND PROVISIONS. BALTIMORE, July 1 (Special).— Potatoes, -new, barrel, 3.00a4.00; 2, 1.50a2.00; old. 100 pounds, 1.5021.75; N 1.00a1.25; asparagus, dozen, No. 1.20a1.80; beans, , beets, 100, 1.50a2.50; cabbage, crate, 50a60; carrots, 100, 3.00a4.00 Sorn., dozen, '15a40; cucum: ._basket, 75a85; ! 5; egplants, crate, Lettuce, bushel, o ohla!kel, .5021.75; 'Bermudas, .crate, 1.25a2.00; spri; onfons, 100, 1.00a 1.25; peas, bushel, 2.00a3.50; peppers, crate, 3.00a6.00; rhubarb, 100, 2.00a 3.00; spinach,”” bushel,” 2.00a2.25; squash, basket, 25a40; tomatoes, bas- ket, 1.00a1.25; ‘crate, 2.00a2.25. Apples, early June, barrel, 1.00a 2.00; bushel, 2541.00; blackberries, quart, 10a15; eantaloupes, crate, 758 3.75; cherries, quart, 15a25; currants, pound, 15a20; gooseberries, pound, 7a8; huckleberr| 20230 peaches, crate, 1.25a2.50; pineapples, crate, 3.50a6.00; plums, quart, 8al0; raspberries, 18a20; melons, 2 3 Closing Prices at 1 0’Clock. 1 red winter, spot, no : No. 2 red winter, spot, No. 2 red winter, garlicky, -18 per bushel; July wheat, 1.1§ August, no bid. les—Bag lots of new. nearby, at _80, 85, 90, 95, 1.00, 1.02, 1.03, 1.04, 1.05, 1.07 and 1.08 per bushel. Cargo on grade of No. 2 red winter, gar- licky, at 1.16. Cargo on grade of No. . garlicky, at 1.12. Cargo 4 red winter, gar- X r&o on grade of nter, garlicky, at 1.03. C: Iot of No. 2 red winter spot at 1,30 i per hushel. Cargoes of sample grade, nter garlicky 25a75; onions, at 90 and 92 per hushel. Corn—Cob corn, old vellow, quoted per barrel; contract corn, spot, ; track corn, orn, spot, ctter, 76, xport, H 7.00 to imoth supply Straw pot, no quotation. Rec s, ton; range is 100 for fair to good quality and mixed hay; market firm; on hand ample for trade. tangled rye, 15.00; . 412.00; No.'1 nom: inal, 1 NEW REPARATIONS PLANS DISCLOSED BY WILLIAM By Cuble to The §; PARIS, July 1. | imp t new rep ed by the mir Le Troc S possess e details of the rations plan reveal- ave n The French colonies as well as the mother land are to share in the tion of public worl electrification of F railroads are to tak tions. The French look distrust | on the program of improvement now ing put through in Germany -t to telephe come into the! hyaraulic plants determined that ¢ works out 1ans to equip Fi h similar advantages cutthroat comp. and ¢ cannot s force the are . it urgues that the convinced the WASHINGTON, D. C, SATURDAY, JULY 1 1922.. ™ | center poles from {and the le { ditions we w | sire to serve the public good and to com- {labor. Reports from th [GAPITAL TRACTION ments on Conditions and Prospects. BY L A. FLEMING. for the second quarter of 1922. ways,” decidedly interesting and matter. Asking and answering the question, the publication say: harvester of crowds it fails.” Numerous c rattention the jitneys in Detroit following munici pal_ownersiip. Electric railw. have been made during the wa were not because of difficuity in,obtain ce is made to es, with the statd tem in effec s much che that the z kes short di long hauls are two, times as expensive as on tems. our Net Earnings. {moderate reduction in gross earning of fare: by a reduction in operating costs taxes, leaving a net income amply sufficient for the payment of dividend and for : tion to the reserv “The extension of the tracks and service across the Georgetown bridge, the removal Connecticut ave nue and substituting poles at and span w. vert Street bridge company’ to Cleveland Parl se of the Kensington rai way, from Chevy of ‘Kensington, are but not concluded. With regard to thes 1l be guarded b; afeg pany rd the interests of the Business In Better. “The general industrial situation has improved until the amount of un employment during the past month has b comparatively small. on and steel industry has been oper- ting at above 75 per cent of nominal capacity, but this has meant pra cally full employment for available southern iron centers have told of the recruiting ot negro labor by agents from the north _ “The cement industry h ing full speed, sustzined by the larg mount of highway building under nd the latter of itself has called for i large supply of labor. “The amount of house building in hility ccting cash from for ur | the ar- | ed by the pr i schedule of month n the third piace relief to the inhab ted regions who are i ing building materi e T i | COTTON MARKETS.” 1.—The cotton | at a deejine of | atterdd sell- | of favorable | uneasiness over | that | in the south v outle in new material was check in cotton goods. Busi . being restricted | = to the probable, showing of the government report on | elling at 21.40 for and 21.18 for December on, prices held within a®range | points i 21.48; ather | and showers in the belt over Sunday ed steady the market during the| Ule of the mconing and Octob Sold up to 21533, or a point above | vesterday’'s closing quotation. Except | for scaftered coverings there 1 very little demand, however, and October closed at ‘2148 with the general market closing steady, a Ylell £ 2 to 4 point Futures closed steady. July. October, 21.48; December, 21. wary, 21.02; March, 20.91. | Cotton—Spot quiet; middling, 22.05.] —_— i In Siberia is comprised one-ninth of | all the land surface of the globe. ! | HIGH VIEW | A very pretty corner prop- } erty of 6 rooms and bath, furnace heat, in splendid con- |: dition; large yard; alley. Im- possession, Price\ cheap for quick sale. Ad dress Box 355-P, Star office. mediate i H ) i i H i Government loyes and Otery Why Pay Rent? THE DEPARTMENTAL BANK Under U. S. Government Supervision 1714 Pennsylvania Avenue Has. Developed a Plan to Assist You to OWN YOUR || OWN HQME | The advantages of this home- owning plan are: 1—MONTHLY PAYMENTS, include both interest and principal, costing you no more than rent. 2—LOANS RUN FROM 10 TO 15 -YEARS, enabling you to select the monthly payment to' suit your income, and yet permit- | ting you to pay the loan as fast as you like. 3—NO COMMISSIONS AND No RENEWAL CHARGES (both || first and second trusts consoli- The Departmental Bank { Pacific coast i {bulk of the progress has kept the building trade: and building material trades well em ploved. The lumber industry on the above normal, and the Southern Association’s report is about mormal. In Detroit the labor situation in the last three months has ached conditions at the height the boom. The ouiput of automo- id trucks in May made it the banper month for the industry. It 1 interesting to note that the eat utomobile in the cheap and moderat Cars selling at and upward will not aggregate more than 3 per cent of the total. “Wage advances have in numerous instances, one MOst note rthy being the in the iron industry from $s. per ton for puddling. The cases are sufficiently numerous to demonstrate that wage-earners 1 rule lose nothing by concessi n bad tim which help indu ity. The are serve Th of the advance 0 to $6 3 < into activ interests of wage-earners d by getting industry busy. outward movement of migration ng the past year and the restric- tions upon immigration have had fluence upon -the labor situation. National City Bank July Circular. DRY GOODS STEADY. Activity Today Largely Restricted to Pre-Holiday Covering. NEW YORK, July 1 (Special) tivity in the cotton goods market today was largely restricted to cov ering operations for the long holi- day. Prices were steady for the tandard print clcths, but the ma- | closed their desks ! jority of dealer: at noon until “ednesday and were unwilling to leave commitments at lcose ends over that time, especiall as the raw cotton report is due Mon- day. As a result there was some trading at second hands. Sheetings were firm, but dull. Percales and sateens ‘were in some demand and small business was transacted in {twills and lining specialties. H Raw silk prices were firmly main- tainred by holders. The Yokohama market ouotations are on new silk, while New York prices are based on old season silk, but the cheap lots of the latter are being cleaned up. FINANCE AND TRADE NOTES. The Wabash shortly will be in the market for 2,800 coal cars and 1,500 box _cars if federal permission is jgranted to issue $4,245,000 5 per cent equipment trust certificates. ‘Word has been received from Paris }that the French ministry of finance will give full assent to the proposed reorganization of the Banque Indus- trielle de China. Theodore Mante, president of the Compagnie Industrielle des Petroles of France, announced before sailing that his company is prepared to make important . extensions and improve- ments for marketing gasoline in France, where the demand I3 increa: ng. - Lord & Taylor declared 12 per cent dividends on first preferred covering accumulations for two years, ending December 1, 1918. The company is reported in’ excellent condition, and regular quarterly dividends on pre- ferred are forecasted. Cudahy Packing has called for re- demption $1,295.000 7 per cent notes, due July 15, 1923. This will leav $4,204,100 outstanding. . International and Great Northern, now in receivership, will be sold at auction July 28 to satisfy claims of | bondholders - amounting to between $18,000,000 and $19,000,000. It is re ported bondholders are preparing to buy the road. The regular quarterly dividend of $1.17 a share on preferred of Atlantic Refining has been declared, payable August 1 to stock of record July 15. North imerican and its subsidiarie report that May gross earnings ex. ceeded those for May, 1921, by 45.33 per cent. William Cramp & Sons have de- clared an extra dividend of $25 & share payable July 14 to stock of record July 10. p Stockholders of Aluminum Manufac- turers, Inc., of Cleveland, have voted to accept the proposal of the Alumi- num Company of America to lease plants and purchase ‘corporate stocks and inv. ntories of concern. Stoss Sheffield Steel and Iron has tooked 50,000 tons of Birmingham and AFFAIRS REVIEWED President Hamilton Com- George E. Hamilton, president of the Capital Traction Company, discusses the affairs of that corporation in & circular letter which was mailed yesterday to shareholdérs with their dividend checks With the circular was received a booklet “The Truth About Electric Rail- in- cluding a discussion of the problems of the day of electric railways, inclusive of the busses, municipal operation, water stocks, operating costs, fares and other “Will busses take the place of electric may find a permanent place as feeders of electric railways, but they never can take their place. As a gleaner of light traffic it has been successful, but as a N s of failure of unre- stricted jitney competition are given and called to the elimination of § now need almost a | bitlion doliars for extensions that should but cheap fares per an on Awmerican railways, but that thrée and four sys- Mr. Hamilton calls attention to the! { of the Capital Traction Company, due | entirely to the reduction in the rate “This decrease has been met in part and the substantial addi- i new | of curb | construction from_Cal- Chase to the town matters pending | oY several con- the de- The | been go- | % | commodity Reports ken place | : ., FINANCIAL.” EXPECT BIG SPURT IN TRADE TO FOLLOW FREIGHT RATE CUT Close of Half Year Finds Business Going! at Steady Winning Pace—General Survey. . BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, July 1.—The end of the half year finds business moving steadily at a winning pace. That pace will be increased as the vear goes on. Business shows no signs of flagging. But whether business finishes 1922 a winner or trails in a and attractive green-trimmed uni. forms, act as private secretaries fop travelers who desire such service charging a small sum for the duty- performed. They will buy your ticket, send a telegram or telephone suck messages as patrons direct. Traveler can also register their New York address at the green cap headquar- ters so that mail or telephone calls can be handled for them. Toses Aodecds lasael the way it|, CLEVELAND. July 1 (Special i e rgely on the way i1, reased activity in real est guided. If its impetus s not|ghown here. This is evident by th checked by avoidable obstacles or|number of mortgages flled during th wasted in ill-considered spurts a suc-|first five months of this year, whic total 15,100, compared with 14,000 in cessful year seems assured. Today the long-awaited reduc in freight rates went into effect. Immediately after the holiday a big increase in buying, production and distribution may be expected. Buy- | ers in every line all over the country Rave held off to take advaniage of the reduetion in transportation costs. After these orders have been filled, nowever, those closest in touch with industrial and commercial affairs the corresponding period of 1421 UNFAVORABLE FACTORS BOOST PRICES OF GRAIN CHICAGO, July 1—Railroad strike talk, black rust news and unfavorable threshing returns have all had a part chiint mpon bisinas settiing down 4o 10 DIIAZIng, about uigher prices ot the steady, health, consistent pr | wheat this week. Comp: ro‘d with a e Twhion has marked its course|Week ago, wheat quotations this | morning were % to 13 up, corn wag oats’ off, nchanged hroughout the first six_months of th ear. No boom is in sight. Condition 2 sshotvn 3 ceived from all s try within the last 1w ur hl)urs“ heat buying do not warrant one. There is no indi-} stock buy ion of any period of swollen Eent pro profits. It will continue to be a year | Will be 10 ‘Guick turnovers, keen competition, | the stock of wheat here might | Close price and small, safe profits. | =hil out on lake vesscls, leaving : Wrts in an uncomfortable position Three Dangers Threat {inasmuch as large amodnts of wheat Th6 snbenean ot ttiese rohls SEcmalLoId, n. otber. matiete Lad Pees threatened by but three dangers. The | hedged by means es in Ch firet is the continuation or spread of | go, the July deliv Sl labor disputes, which menace produc- | ticularly in demand tion and distribution. The second i ration by inflation—the temptation—in homely | 21l Beptember. | phrase. to “bite off more than one can | threshing reports came | Phew. The third is speculation, not |from states as wide apart as Ohio | necessarily gambling in stocks and iand Nebraska, and were followed by {bonds, but_speculation in kodds, ma-|a sharp re n in the generally ac terials, commodities or building con- | c 1 @xtimiaten OF the n ! struction. j winter wheat yield. On the other hand, Commodities give small prospect of | although presence of black rust was felding extreme profits from specu- | confirmed in three of the four lead- i The period of overcaution.!ing spring crop e WRaTE et [ however, has passed. The public is|effect was minim e abettee ne and has the wherewithal rtion that actual damage "rhe retailer is buying be ¥ n done. Holiday prepara- | merchants have T ions on the part of many traders | shelves mea < counted also as an offset to bullish re buving to mect more tha and ied to price setbacks at outh demands, and raw mat finding_a corr ; {creased market. Careful busine 1% to 1% and provisions er. tg 41 the % to ociated with pased on a contin. that receipts by rail nd that the bulk of to purch; parted company from | . and displaved a distinet tend however, declare that this wave of jency k a lower level of values. be checked by unwar-| Rains which fell where needed to {ranted inflation of pric &le relict to the growine corn crop E appeared to be the chief factor. Teend Toward Better Thingw. | “GICCIEG 10 06 O CInf facton, o The trend toward better things is!weakened the provision market. shown plainly in many of the basic {industries. plants are be- | {hind__in Production isi e {hind | in | deliveries cen aed wne tac. | COTTON TRADING LIGHT: tories are clamorinz for more men. | [§grics are lmorinz o more e CROP FIGURES AWAITED ally sazs at this season, is working |\ oo o 5 i Imally eazs At A e mdication of & NEW YORK, July 1—The selling | let-up. movement which was under way in { Paper mills report a steady mcrf_’:»\e {the cotton market at this time last !‘(" "“"{" ?"'{(';IY.“""‘ :“""{;’;{“‘ - Iho¢ | week continued until October con- actor] e sellirg satisfacto ¥ i, e ediate delivery and preparing | tracts sold at 20.74 on Monday. mak- ifor a big fall busin Straw hat | ing a decline of 221 points.from the & Eave had one of the busiest |recent high record. Offerings then Rons |became Jess active and there were i *“Huilding materials are tremendous- | rallies of $0 or 80 points from the {1y i Tamber, paints, glass, | lowest. followcd by a gradual n cement and hardware in big de- Off in the volume of b e There is a shortage of brick- | counts were cvened up in preparation | layers, pla & Jathers and other | for the government crop report amd illed ardisans in many sections and | holiday of gext week. No less tha Kt are ‘being paid members of (fifteen privafe and end-month crop re e Siaing tradcs. Tobacco is sell- | ports have been published. They hav {ing awell and cigar and cigarette | shown cond figures ranging from { manufacturers are aiding their sales 69.7 to 75, averaging a shade above 7 by energetic advertising. iper cent of normal. Of these reports F Y of oil and gasoline prices | nine have carried crop indications, i3 na drilling operations in | which have ranged from 10,40 ! the oil fields are on the increase. Fruit | to 11.674,000 bal fand vegeta ipments are bringing | 136,000, ! millions growers in| At this time last year the averag | overy se of private condition figures was 69. 2 and of crop indications 8,187,000 bale { The report expected from the govern- { ment Monday will give the prelim | nary estimate of acreage under cui- tivation as well as the condition . and will furnish the first offi- cial crop indication of the season. ‘According to & canvass made today, New York Cotton Exchange members expect the report to show a condition of 73.2, compared with 69 year, in 1 vear average of 76.9 as of June Local brokers assume that th ket _has been evened up on the basis of this expectation as to condi- tion, but more or less uncertainty j From Various Sections Canned Good: DETROIT, July 1 (Special).—An-| {nual pea pack is under way in many, iplants in Michigan. Eight plants, {throughout state will pack 1.000.000 | cases this year. Crop is in better| ondition than last year, although the | presence of pea lice has been noticed. . Furniture. { SEATTLE, July 1 (Special).—Furni- | 0] Snonsterate atnty { ture buying by retailers in the Pacific| S0ems 10 e e oficial l::"{::; > northwest s reported to have been of | SROWINE of the OflCial ACTiele, Tha |greater volume in June than at any! g 3 se, s = ibu. | €rop indication. Showers in the | time this vear, The largest distribu | south have becn accompanied by more merous complaints regarding the {sales were 23 per cent above thosePUTICTOUS CQmplatNLS reRRTC pet for June, 1921. tive insect damage, but have not been regarded as detrimental to the actual growth of the plant, Notices Tepres. have been issucd al tract by two or thre spot firms here. It is reported that no less than twenty-seven firms are taking up cctton and after selling ut a slight discount July recovered to about or a shade over the price of October. Liberpool has reported a less active spot demand, but a steady goods market at Manchester, owing to a fair business with India. STOCK MARKET PRICES EASE.FROM HIGH LEVELS NEW YORK, July 1—Passing of the first half of the year in the se- curities market was accompanied by a pronounced change from recent sensational movements in stocks and the prolonged upward trend of the bond list. Quoted values of shares. almost with the sole exceptions of rails, eased visibly from high levels of the previous fortnigit, and the drive against shorts in Mexica Petroleum caused a welcome ces tion of remarkable antics in that stock. The strength of rails was ascribed to something more than excellent earnings and_increased car loading Opinion in the financial district in- clined strongly toward the belief that graver developments in the labor situation would be averted. probably through federal interventi Most industrial shares, as Well as many unclassified stocks, forfeited 1 to 5 points in the reduced dealings with oils_as the most vulnerable eatures. Mexican Petroleum in par icular canceled more than half of i extraordinary gain. In no especiaf instance, however, was the reversal indicative of enforced liquidation. 2 Money rates hardened as banks made preparations to meet extensive July disbursements, but firmness was only temporary, pressure relaxing in that quarter; as fresh investment funds sought new channels. The in- ternational situation was almost the oné cloud on the financial horizon. Disturbing developments in Germany, With' the mark at a new low leve and concurrent shrinkage of other continental exchanges, suggested an extension of acute conditions abroad. PASSES MILLION MARK. Automotive Industries’ review of auto industry says: “With the approach of midsummer the automotive industry is waiting to determine what effect the vacation season will have upon sale of motor vohicles. Virtually every year since the industry reached anything like its present proportions, except In 1921, the third quarter has brought a se: sonal decline. Anything in the nature of @ serious slump in the third quar-, . ter this year is highly improbable, but it would not be surprising if produc- tion and sales drop below 200,000 and, approach the level of the best months - of last year. Production for 1922 al. veady has passed the 1,000,000 mark. { & 146,000 bales inst July con- of the leading ST. LOUIS, July 1 (Special).—Hat idealers are beginning their annual hat sales earlier than usual Some larger firm; open with cuts of from 25 to 50 per {cent in their lines of straw hats Mon- | ay. - Textiles. { PHILADELPHIA, July 1 (Special). —Textile mills generally throughout ithis district show signs of improved conditions One big company is tak- ling on additional hands and an up- {holstery factory in this city is adding lto its plant capacity. ! = Bricks. ] CLEVELAND, July 1 (Special).—! { Brick plants which had a heavy re- | serve stock on hand this spring have |liquidated their inventories, accord- ling to National Paving Brick Manu- facturers. In some places capacity | output for the rest of the season has {been sold. Steel. €HICAGO, July 1 (Special).—New |inquiries for raiiroad cars are mak- |ing their appearance in the steel itrade. Track fastenings are also in demand and implement makers are ibuying fair-sized tonnages of bolts. Coal UNIONTOWN, Pa, July 1 (Special). —June coal production in Indian Creek valley broke all records. One !train _of seventy cars of coal was moved from the district. Fruit. ST! PAUL, July 1 (Spectal).—Rail- roads are being” hard pressed to pro-| vide refrigerator cars sufficient to {haul the big crop of Minnesota and Wisconsin strawberries to market. o KANSAS CITY, July 1 (Special).— A steady advance in prices for re- fined petroleum products and crude cil has stimulated activity in mid- continent field. Many wglls are be- ing brought in in the proven field and wildcat operations are being carried on extensively. . E Notes. NEW YORK, July 1 (Special).— ‘Green caps” formally went on du in the Grand Central tion tod, These young wearing green cip: == 3 1714 Pennsylvania Ave. N.W. | Washington, D. C. Northern Alabama pig iron this month, or approximtely 10 per cent more than in May. : The first five months showed g total 1of $69,000 cars and trucks, and Jume [ will approximate at least 200,000. \ < July 25 J 2% EA