Evening Star Newspaper, July 10, 1922, Page 16

‘ K STAR, : N, D. O, MONDAY, Ju '__;;l_;, . _'v FINANCIAEL. s NEW_YORK STOCK EXCHANGE | [ wiv ¥or BONDS oo ccuves|IN. Y. Curb Market|| (A SEL) ey 1] Live pnultl?—lloolt rs, per 1b., 15 turk per. 5230; spring chick= F . X 74 | Riggs National Bank e 11 o el § § i NewOrTexaM... @ ® N Y Central. » % L L 1 i I “ BY STUART P. WEST. a45; keats, young, each, s, 2 NEW YORK, July 10.—The German Poultry — Fresh. ‘!“‘d finanicial crisis, with- the pe: hlmllt:: spring c;l.luknn' per 1b. ;gll;i ons, comment attaching to it over the 3 roosters, per 1b., 16; tur- week end, provided a severe trial for 3b6ad keats, young, all” ffie markets today. cholce, per 1b., In_.only two quarters did important |9; 2a83%; thin, 1b., 53T weakness appea. Lambs, choice, per lb., 1 igs, One was in the cotton market in |3.0028.00 each; live hogs, per Ib., 11. which the ill-considered speculative | G buying following the government crop’ report had left the position |a: Vulnerable. 7.5089.00. Lemons, per box, 4.50a6.00. The other was the market for|Blackberries, 8a38; raspberries, 20a French and Belgian loans, et fel:llll' 35. Peaches, 1.50a3.00. Cherries, per the government ant municipal issues | basket, 20a75. California lopes, 3.00 dealt in here on a dollar basis. 24.00. French 7is, which had been sup-| Vegetables—Potatoes, new, per bbl., o ULaey. SOro ce, per crate, 50a’ ew York, per The French 8s dropped below, 8 | crate, 50a1.50. " Romaine lettuce, 1. i 55 3 o 39 14 12 218 7 u FOREIGN GOVERNMENT; STATE PAL. High. % 1 0! £ 3 ] % | stock exchange was extremély nar- 30% |row. ; Probably the most notsbl 1 [transaction was the sale of tensharéi 1312 | of Riggs National Bank stock>at @y 5; & share. - 37| The public utility shares wery Relé lw very strongly, buyers and sallef¥ 103" |slightly apart in their views. § sisigeigaseuei 5 £ 235-25Egygeisisntygeannia, i California oranges, per crate, S HE oz EEEE 555559 i | g #*3 3 iy Lanston was firm at 78%. - og:pmu Traction sold sparingly ai, The only bond transaction wam i, 555555§!§§§a§§;§§§§§-fi§§§fiufi§ £ B 5| : Tast, they were selling a week ago. xian T%s were off 11§ to 2 poin the day and over 3 points on French city issues were sly weak, and the French rial nd rallway bonds re- ently floated here:sold at the lowest prices so far reached. Discounted on Saturday. 1In the foreign exchange market fmmediate shock caused by Germany's application for a moratorium had been absorbed by Saturday's declines. following the protracted downward movement of the last month. French francs recovered a good part |y of what they had lost at the week end. Italian lire did the same and even German marks were higher. Thi recovery, however, hardly represente anything more than a very large short, interest in German and French exchange gathering in some of its profits on the familiar theory govern- ing.dvery speculative movement. that the “bad news” long expected was at least temporarily discounted. The course of the European public loans was & much more_reliable reflection of opinion regarding the foreign troubles. 3 Was in Danger. It has been clear for weeks past that the July installment on repara- tions was in danger, and that even if it were paid, subsequent payments in cash . were altogether unlikely. Re- peatedly has it been emphasized that France did the worst thing for her own interest when she refused to ac- ceda to the judgment of all the other allied .representatives at the Paris conference that the reparations pro- @ram must be modified, if Germany Avere to be put in a position to con- tinde meeting her obligations. Yet holders of French and Bel- gian_bonds were slow to realize the serigusness of the situation from the point of view of their countries until the crisis had actually come. Doing Better. Our own security markets recovered from what slight fll effects they had suffered on Saturday. ‘At times ef- forts were made to force prices down, but..they had very little success. Prices were irregular, but at no time wealk. --In_stogks whera there was a short interest some rallies occurted. The Standard ol the independent steels, the motors and the equipments rebounded with considerable vigor, once it was seen that no liquidation was coming out American Can was the obfect of a_special buying movement on un- official reports of very favorable warnings and on the analysis of the company’s financial position which shows that it is better able than ever before to begin dividends on the common stock. Ne Selling Pressure. The market went down on the Ger- man news Saturday and at the out- set this morning. This was simply due to the hasty closing_out by pro- fessionals of stocks bought last week. There was no important sell- ing, nothing to indicate that the in- vestiment community was serlously disturbed by the developments abroi How few stocks there were for sale around the low prices was demox- strated when the market turned up- ward as it did toward midday. ; In the space of & quarter of an_hour Studebaker rallied two points, Bald- win' two, American Locomotive two and the Standard Oll issues two to three points. American Can. American Can was the market leader on the long side today. It held up better than anything else when other parts of the list were unsettled, and went forward the easiest of any when the general market gave it the chance. The street understands tha new pool has been formed under auspices similar to those which have been in charge of past campaigns. THere is talk of dividends, but t| talk has been heard so often in past vears, only to prove without founda- tion, 'that experienced people are rather skeptical of it now. However, this,much may be said, that American ¢‘an‘has never been in a better posi- tion than it is at present to begin distributing to common shareholders. Lake Erfe and Western. Nd surprise was felt at the news that the Nickel Plate Interests had applied to the Interstate Commerce Commission for permission to marge with thg Lake Erie and Westérn. Such mbination was foreshadow- ed when the latter road was taken over by the Van Schwerigens several months ago. The Lake Erle and Western stocks practically doubled in price since the sale of the majority holdings by the Vanderbilt system. Home Markets - Indifferent. ‘The indifference of our bond and In_ the first place, American indus- for over a year have accustomed themselves to an export trade down 10 rdck bottom. A complete cessation of German buying and the crippling of the buying pewer of France would not make any vital difference. In the second place, sober American Jjudgment, while belleving that France has made a serious mistake and faces & perilous situation for its attitude to- ‘ward reparations and the proposed German loan, still feels that France will prefer to back down on these n risk bankruptey A very dull afternoon in the w list was only enlivened by the notable strength of the stocks of can making companies and some of the coal shares. Buying of the latter found its incentive in the Hope of a strike settlement resulting from the latest efforts put forth by the dent at today's conference. Strength of the independent steels appeared to be anticipating early and Cymblings, per crate, 36a75. ORONS, | Am Steel Fdy. per crate, 2.00a3.00. ~Cabbage, new, per bbL, '50a1.00. Cucumbers, 1.00a Eggplants, per crate, 2.5023.50. Tomatoes, per box, nearby, 1.50a4.50. Beans, 1.00a2.60 per bbl. Peas, 6.00 29.00 per bbl. Peppers, per crate, 50 23.60. Kale, 76a1.00. Asparagus, per dox. 7583.00. - Spinach, per bbl.’ 2.5 —_— - GRAIN AND PROVISIONS. BALTIMORE, July 10 (Special).— Potatoes, new, barrel, 3.50a4.25; No. 2, 1.50a2.25; culls, 1. .25; bushel, 1.50. Asparagus, dozen, 2.00a3.00; No. 2. 1.20a1.80. Beans, bushel, 25a75. ima beans, bushel, 3.00a3.25. Beet hundred, 1.00a2.50. Cabbage, bundred, 1.50a4.00. Carrots, 100, 8.00a4.00. Corn, 281 15a40. Cucumbers, basket, 250. Lettuce, basket, 25a50. Onion bushel, 1.26a1.75; Bermudas, mt:: 1.2622.50; spring onions, hundred, 1.00 21.25. Peas, bushel, 2.50a3.00. Pep- pers, basket, 1.00a1.26. Rhubarb, hun- dred, 2.0023.00. Squash, basket, 20a 30. Spinach, bushel, 2.00a2.25. To- lin;otou. basket, 1.25a1.75; green, 1.25a Apples, early June, barrel, 1.25a bushel, 50a1.35. Blackberries, quart, 10215 Cuntaloupes, crate, 1.00a3.0 basket, 60a1.10. quart, 15a20. Gooseberries, pound, 7a8. Huckleberries, quart, 15a 2 Peaches, crat 1.2522.50. Pine- apples, crate, 3.00a6.00. Plums, quart, 7a10. Raspberries, quart, 15a20. Watermelons, each, 20260. NEW YORK, July 10—Flour—Un- settled spring patents, 7.50a8.0/ spring clears, 5758650 3 505 straights, 650a7.00. Nl ork—Dull; mess, 29.50a30.00; - ily, 28.00829.00. o e iard—Easler; middle west, 11.50a Selling Prices at 1 O’clock. ‘Wheat—No. 1 red winter, spot, no quotations; No. 2 red winter, spot, 1.25; No. 2 red winter, garlicky, old, no bld; No. 2 red winter, gariicky, lg::. now, lllx’!’ per bh\llhel July wheat, spot, new, 1. r : “sk‘ld< 8 per bushel; July wheat, lales—Bag lots of new, nearby, at 75, 85, 90, 100, 108 and 106 per bushel. Catrgods on grade of No. 2 red winter, garlicky, at 1.16% per ?%;h‘: 'p}:o. bl. ilfil‘l“ ]3" lsullhl No. 4, . r bushel; No. 5, 1.05% huclhel. % fiper ‘orn—Cob corn, old, yellow, quoted 3.50 per barrel; contract corn,q spot, 73%: No. 2 corn, spot, 74%; track corn, yellow, No. 2 or better, 78 per bushel; No. 4 corn, epot, 71% per hlg hlll. ales—Baglot of white, delive: 72 _per bushel. Yo Oats—White, No. 2, 47 and 47% per bushel; No. 3, new, 46 and 46%%. Hay—Receipts, 18 tons; range is 17.00 to 21.00 for fair to good quality timothy and mixed hay; market firm; supply on hand ample for trade. Straw—No. 1 tangled rye, 16.00; No. 1 wheat, 11.50812.00; No. 1 nomina 12.00a13.00. CHICAGO, July 10.—Rallroad strike developments attracted more atten- tion today than heretofore among wheat traders and led to early up- turns in prices today after an initial show of weakness. Uncertainty over German financial conditions acted at a dominating bearish factor. however, wers handicapped by reports of thrashi; delays in Nebraska, Mi; nd Kansas, and the market soon rallied. The opening, which varied from 3% to 1% off, with September 1.10 to 1.10% and December 112 to 1.13, was followed by a rise y's finlsh or weil above for all deliveries. Timely rains where needed made prices easy for corn and oats. After opening unchanged to % lower, Sep- tember, 64 to 641z, the. corn market held within about the initial range. Oats started % to % off, September, 36%. and later recovered somewhat. Lower quotations on hogs weakened provisions. Potatoes slightly weaker. Receipts, 95; total United States shipments,96: Eastern shore Virginia cobblers, No. 1 l;;"’oel‘l.l 44!)0'15.11&’ Kansas sacked ear! Lo 0. 1, 3.35a2.50; Sacked cobblers, No. 1. A Washington Stook Exchange BALES. Potemas Miectrie 1st Se—§1,000 at 96, Capital Traction—10 at 100, ¢ at 101 Riges Nationsl Baak—5 at $510. Tazsten Monotype—10 at 78%. BONDS. Bid and Asked Prices. PUBLIOC UTILITY. American Tel. and Telga. 2 ‘American Tel. and Telgs Am. Tel. and Tel. etl. tr. d Tel. . Gs. Asked. & Bs. Potomac Electric _deb. 6s, Potomac Hlectric Pow. g. m. 6. Eot Blec, Pow. g mo& ref. Te. 107 Wash., Alex. & Mt. Ver. 0s.... Wash,, Balto. and An. Ss. Wenbieon ges G ai : Washington Rwy. and K Wash. Rwy. and Elec. 88p238eseeesiatel R !Fvonhle decision by thé F.dn::'l Wash. rade Commission on the validity the proposed mergers. OFFICE 'SPACE j17542.122;;1z¢)rz¢ib Building 911 15th St. N.W. . Washington' Newese Ofice Building Am Sugar. Am Sugar pf. Am Sumatra pt Am Tel & Cable Am Tel & Teleg. Am Water Wks. Am W Wks 6% pf. 41 Am W Wks 7% pf. ool Atlantic Fruit Co.. 2% Atlantic Gulf. Austin Nichols. Baldwin Loco. Baldwin Loco pf.. 113% 49% Balto & Ohlo. Balto & Ohio pf. Barnesdall (A). Barnesdall (B) . Barnet Leather Beth Steel. Beth Steel ( Booth Fisheries. Bklyn Rapid Trn Bklyn Rap Tr ctf Bklyn Union Gas, Brown Shoe Burns Bros (A) . Burns Bros (B) . Butte Copper. Butterick. Caddo Ofl California Petrol California Pete Callahan Zine. Canadian Pacific. . Case Plow Works. Central Leather. .. Central Leath pf. Chandler Motor. Ches & Onio. Chi & Alton Chi & Altonpf..... Chi & EII} pt (n). Chi Great Westrn Chi Great W pt. Chi Mil & 8t P. Chi Mil & St P pf. Chi & Northwn! . % Chi & Northwn pf. . 114 6% Chi Pneumat Tool . ChiR1& Pacific. .. ChiRI&P 6% pf.. ChiRI&P7%pf.. Chile Copper. Cuban-Am Sugar. . Cuba Cane Sugar. Cuba Cane Spf... Davidson Chem. De Beers Del & Hudson Del Lack & Wstn Dome Mines. DuS 8 & Atlantic.. & Dupont (E. L).... 43% Dupont debenture. Eastman Kodak.. Electric Stor Bat. Endicott-Johnson. . Fairbanks Co Famous Play . Famous Players pf. % 11 Fisher Body. Fisher B of O pf. Fisk Rubber. Freeport Texas. Gen Asphalt. Hupp Motors. Hydraulic Steel. 1linois Central. - 107% IIL Central pfd.. 109 Intl Mer Marine pf. Kay: 3 Kelly-8pring Tire. . Kennecott. §aeyeziSrsgafolsuizg=augy §seds £ 3 §3ageysaghs ae Bl meunguil SEye ygvas gry =§§s §¥ae3e2 a8 H:Es;;i.;ii L gssggaseszgazais ® H L3 555 E e 8-08F spua geuppzyuey 8398 358 Fs3a® FEEonsds o8 Bpgazsssey REsjeazsy gs H i i FRL L FELLH H H RS B3 agryescyysiggazasace Sigiiegen Fxancy 1938%5-5800058- 528, *5-3 32 Pegpel] EEELRLH P I PR T PR AR L L 5 F FEEPELHS LTINS PENE PRI T 1T 3 you Railway Steel Spr. Rand M. . 3 59537 33feyienangs-aantauat-2%; *jnp 305N8F 38229%53" goy Ing. Reading 1st pf. Reading 2d pf. Remington Typr Replogle Steel Rep Iron & Steel. .. Reynolds Springs Reynolds (B) Reynolds pt Royal Dutch St L & San Fran St Louts Southwn. 8t Louis Sown pf. Santa Cecilia Sugar Seaboard A'r Line. Seaboard A L pf. Sears Roebuck Seneca Copper. H S H H 328 E3 B o Fgeizgzy ae 49% | Sinclair Oi1, Sloss-Sheffel Southern Ry pf. Spicer Mfg pf. Stand Ofl of Calif. Stand Ollof N J. .. Stand Oll of N I pf. Sterling Prod. .. Stewart-Warner. Studebaker. Studebaker Submarine Boat Superior Ol Sweets Co... Tenn Copper. . Texas Company. .. Texas Gulf Sulphur Texas & Pacific. ... Texas & P C & Oll Third Avenue. Tobacco Prod. Tobacco Prod pf. TStL&W (B)... B TStL& W pt (B). ¢ Trans Contl Ofl.... 16% Unlon Bag & Papg 62 Union Oil. 21% Union Pacific. 0% Unlon Pacificpf... T Union Tank C pf.. 107 United Alloy Steel. 37% United Drug. 74 United Fruit. ! United Retail Strs. n% % Va-Car Chemical. Vivadou. Wabash. Wabash pf (A). ‘Western Elec ptd. -F sagggmesgaurgnaggyzieg uy x 8§33 88 ———— OILS ARE LEADERS ON CURB MARKET NEW YORK, July 10.—Ofl shares again attracted the main interest on the curb exchange today. Standard 0il of Indiana went through a ser! Dutch East Ind 68’47 DutchBIsf6s’62.... French Govt LR LU L HHL A e DL L] H 5% 3 Porto Alegre Queensland 7 Queensland 6s. §EERETspengeg §Hy5EE E 1 | Utd Kingdlom 5% 23 Utd Kingdom 5;s°29 Utd Kingdom 5%s'37 Zurich 8s. MISCELLANEOUS. Ajax Rubber 8: 100% Am Agri Chem 7%8 Am Tel & Tel cv Am Writing Paper Anton Jurgens cv 68 w Armour & Co 4%s. Atlantic Fruit 7s. Atlantic Refining 58 w1 Atlantic Refining 6% Atlas Powder T%s. Barnsdailsf 8s B. Bel: Tel Pa 7 Bethlehem Steel s Can Gen Elec deb 6 Central Leather Chile Copper 7s. Colorado Industrial 58. Columbla Gas 58. Con Coal M4 1st ref 55. Du Yont de Nem 7%s. Duquesne Light 6s. Empire Gas & Fuel 7%! Fisk Rubber 8s. Framerican I D 7%: Goodyear Tire 8s ‘31. Holland American s f 6s. Humble O& R 5%s wi. 10 Indiana Steel 1st 58 '62.. 10 Inter Mer Marine Inter Paper 1st5s Inter Agricul Corp 5 Lackawanna Steel 55 Kayser (Julius) s£7s. Kelly-Springfield 8s. . Liggett & Myers 5 Liggett & Myers 7s. . Lorillard 5 Manati Suga: Marland Oil 8s war. New England Tel 58 wi. NYGELH&PSs New York Tel 4% New York Tel 68 1841 PR A aeacag;gggg; Great Northern gen 7 Great Northern gen 5 Hudson & Man ref b be Woring. Inter Rap Trov 7s wi. 17100 Brason. O oo 208 Int & Gt Nor ad)j 51% | 1500 Carid Byndicate. Inter-Met 4%s ctfs o e Bervice, Interborough-Met 4% 100 Gities Service pF- Inter Rap Trés w i ki 900 Columbla Pete. 100 Creole ndicate. 7000 Engineers’ Petro. 1000 Federal Ol . Long Island ref Louls & Nash unifl i etrol Louls & Nash 7s. Inter Petroleum. Kerstone Ranger. Livingston Pe Lyons Petroleus Maracaibe oll rgay 3 Marland Ref Marland Ofl of Mex 13 2 b » @ ) 13 @ ES I o Mountain Produce; Mutusl Of . New England Fuel 50t N Amer Oil & Ref 2% Omar Ol . EEERK pulps Ref.. 200 Bhell Dnion Oif 38% ( 3300 Skelly P 2% 8% 1000 Bouth Pet & Ref. .. 900 South Btates Con 13% %3] 100 Spencer Pet Corp. 3 E1=| 3000 Stanton Ol 32 MINING. 0 Alas-Brit Col Metals t Ore 8hort L con 58 *46 Ore-Wash 1st ref Paris-Lyons-Med Pennsylvania gen bs. Pennsylva, 100 Canario . 12000 Canada Copper 100 Comagas . gEeaguns alley Motherlode clt 3000 Stewart Mining 19500 Buccess Mining 100 Tonopah Belmont. 100 Tonopah Extension. 2000 T North 8¢ 283 283338 9% i Wheel & L E ref 43s. 9% |aay's bond dealings. of sharp fluctustions, opening 'at|Zeris 110%, sgainst 110% on Saturday, slumping to 1093, and subsequently rallying three points. Mexican Seaboard issues wers very weak again. The break in the stock extended to five pointy before it was checked at alL Then there was some covering upon the announcement by the company that on July 7 it had produced 89,728 barrels of oil, not including royalti from the Mexican Gulf Oil Cor- g::-uon. and that ofl in storage on that date amounted to 503,000 barrels. This statement was put out evident. 1y as & setoff to the salt water report which had been doing so much dam- . ‘was comparatively little so- tivity in Standard Oll of Kentucky. Great Aetivity, ernational Petroleum was ac. tl?t%y da:lt in around Saturday's rice. dql.k y’ was_not affected by em interview with the president of the company in which he stated that the present output excesds 11,000 bdarrels dally against ‘n n:ln.lont capacity of darrels. He m%h.d capacity of casing-head and line plants is about 15,000 fluy of raw ing-head 6 and that this ity would ‘soon be in-| ¢, allons. ey stocks’ wers hesvy, Noth-|store packed, ? 08 the ==rh':l for iwin Pictures nor the radio stooke. 2 Mintag Seetion. In the mining said that the | d “NEW YORK, July 10.—Foreign ex- change irregular, Great Britain, d mand, 4.44; cpbles, 4.44%; sixty-day bills on banks, 4¢.42. France, demand, cables, 7.93, Italy, demand, 4.45. Belgium, denand, 1.53%; cablea, 7.53. Germany, demand, .19%; cables, .19%. Holland, demand, 38.80; cables, 38.835. Norway, demand, 16.48. Sweden, demand, 25.83. Den- mark, demand, 21.55. Switzerland, de- mand, 19.16. Spain, demand, 1 3 Greece, demand, 2.83. Poland, demsand, .0 Cgechoslovaki: demand, 2.1 Argentine, demand, 36.00. asil, de- mand, 13.62, Montreal, 98%. —_— DAIRY MARKETS, BALTIMORE, July 10 (Special).— e chickacn Doncdl 240; small to medium, 30a36; white horn, 3885; old hend, $6e17; small ns, ;O] TO08~- ducks, 13ad ns, pair, 30, natf ] Sl N PORT'S TRAFFIC NORMAL. it Serg s sapise g {‘{‘ 1933, &6 compared with Bhips cli “""‘1’;3{"’1: n, 2a | Bergen TOTAL SALES (Par Vl‘lul). 1lam. ALL FRENCH BONDS - SHOW WEAK TONE NEW YORK, July 10.—The pronounced weakness of French and Belgian gov- ernment and municipal loans traded in on the New York Stock Exchange was the outstanding incident in to- The_selling, which began in a mild form l.u.?n‘n week as the result of b o828 \ Baahare! i L1 and Belgian i{ssues and eclipsed in importance anything else in an other- wise firm market. United States war loans and hl{ -grade railway bonds kept moderastly active and held their Y tantial support at pal fhey joined. the 8 per o g n 3 D day and the French 8s more than that amount from Satui 's close. The Muticipals Weak. The department of the Seine 7s, the French-American Industrial Cor- poration 7%s and the Paris, Lyons|g and Mediterranean € per cents all fell p: to their lowest prices. Thes: issued during_th s "ot 192, French® Municipa ‘were 2 points under their final quo- tations of_ll‘:-lt ‘weel Prlflx:mll bonds the fority as to Bitime ey B nity, A o the inflence of the pressure Ins! external | on: 2 in| - ¢ 1039. United Kingdom 5%s iy 2, e St S | o further demang at prioes. taied 834138 Rafls Are Firm, : ‘o4 - | Louis and San ¥rancisco incomes and In the railway’ section the high - b “ o Totintns aoapt T ere were e of the Bouthern re- {oWn. € 4%s, WRiCR got/up nearly s | The | $Ro58Y. 2 = 3 25 ~2H PP I SERRB. - AnTeiE RN *r £ &3 tional Acme 73js. 8734 ither 8s lg* RB23LRER N FEERE s State banks in North Carolina have asked the supreme court of that state to withhold ity ruling on collectiof’’ of checks at par over the countét' until an appeal has. been decided in n the United States Supreme Court. This would seem to be putting off: the evil day a few months longer. as the appeal cannot reach the uppes court before October. Placing Cash Here. 4 George A. Harris, general manages. of the Cleveland Discount Company. for the District of Columbla a Virginia, returned yesterday fromy Lake Placid, N. Y., where he attendéd the convention of the Leaders' Cigh ' of that company, embracing the firs 150 salesmen in point of bond suiex Out of a total of 350 salesmen throughout the United States, Harris ranked No. in the di tribution of his company’s invest. ments. Mr. Harris reports a very active market for first mortgage ‘real er} tate bonds, his company's saley | | throughout ‘the United States during {the Iast three months amounting ta m nore than $1,000,000 worth per week. The Cleveland Discount Company® is engaged in financing large buildy ing operations and in the sale of fires mortgage investments, and has al- ready made one bullding constru tion loan in the Distriet of Columb: of §250,000. and his other larger loans under consideration. Personal Mention. E. M. Amick, assistant cashier ot the Riggs National Bank, is on & three-week vacation. E —_— BHOKT-TERM BECURITIES. (ReporteZ by Redmond & Co.) ) Bl Aluminum Co. of Amer. Ts 1825, 103% Kmerican Tl & Tl fx 1922.. 100% 1924, rmour & ( 5 iantic Ref. 6igs 1931 blehem Steel 78 1923 . Goodrich 1925, . Goodyear T. & R. Ss 193] Gulf Oll Corpn. 7s 19433... Humble Oil & Ref 7s 1923 Kansas City Term. 1923, Kennecott_Copper 78 1930. Libby, McNeil & Libby 7s = MR P& S KO e 15310 Boutbwestern Swift & . Bwift & Co. Texas Co. 7s 1923 ... . Union Tank Car 7s 1830, Co. 710 103 —_——— BAR SILVER QUOTATIONE, EW YORK, July 10— #oreign ba 1835 | silver. 70%: Mexican dollars, 543 b NDON, July 10.—Bar silver, 35 per ounce. Money, 112 pér cent. Dis- Sounceates short bLills, 2a2l3 per cent Three-month billx, 214 per cent REPORT OF, THE CONDIZION MERCHANTS BANK AND TRUST COMPANY = At Washington, in the District lumbia, at the close of business. Jankgh, 19 RESOURCES. y 1 2 Loans and dis- Wi comnts, ncludi rediscounts, A Ceptances other banks, and foreign Dbills of eachange ot drats. sold wi ndorsement this bank (ex- cept those shown in b and ¢) 5, Total loans . secured, " $819. red, §2.299.28 in the United States (other than included in items 8, ing “house. banks in the me city of tows as report- Dk (other than. item o % 11.378.39 ms 9, 10, 11, 12 and 13 $650,541 45 14. Checks on banks iocated o side of city or town of bank and other ca: 108,600 57 110,249,647 - tems 16. Other Total .. LIA 17. Capital stock. 18. Surplus fund 19. Undivided profl Reserved for 1 terest and taxes accroed ....... 06.23 b Reserved for pre mium account . 33.49 22. Amount due to state banl bankers and trust compani in the United States eign _countr! included in items 2 28. Certified checks outstanding 24. Cashier's checks outstandi Total of items 20, 2L 22 Demand ~depos! bank _deposits). payable within 30 days): 2. Individual eposite sublect to 100 100 102 16-16 103 1.1 102 13-16 102 15 nzae 101s 108510 102316 NEW YORK, July 10.—The mo: report of the United S k 8s, Uroguay $s, tion, made ) Steel iblic tod: .fl‘i-.m fon of Can- | gnowed 6, -inwuolu;;!luord on une 30. is an ros new sftering today was o % 26, Certificates of deposit due in less than 30 days (other than for money borrowed) 0. Other demand Total of er than bank dej 30 days, or days ‘or Taore notice) and. postal increase otal orders, which to- |4s. Liabilities above stated Total sove Col Oty of Wi pro "SR § T fs true to the best of my P. HA , Jr., Treasurer. Subacribed Ayl sWorn 10 beiors me Che 108 A )”’-fiuu 3. Do u . 2 . R is -y ‘which it contracted Teaine i 838 ste the consolidated | an_issue gmfin:mll-mr declined sarly in the - 9 the P elon R ard sa Retaae A “par cont | correct—attest: ing for Fer- . DRURY,: from : e Tl 0 '5“:.:;"‘“"‘.’.‘;‘1?;"' net tons .mon:.fln'an‘mg% of 3: s of hvo " There js88-%5 gapvesse