Evening Star Newspaper, July 13, 1922, Page 30

* P JGHT NOT OBTAIN SECOND PROFFER bassibilities of Railway Mat-1| %5, Ters Are Discussed—Local Shares Firm—Notes. bisd BY I A. FLEMING. [iI¢ the noteholders’ protective com- ittee, controlling the largest block ¢ Washingwon . Railway common ffock, receives an gctual offer of $60 qf $65 a share and turns it down, W with it the last chance to dis- fose of the entire - block.- it migmlsa. Peache ¥ unfortunate. *There is but small question that sale of the 27,500 shares can be e on a basis that will let the nks out whole on their loans on | ashington Utilities notes. The procceds could then be divided ong the various noteholders, which clude outside banks, other local nks not representcd on the pro- tive committee and also individual $lders. “Any “distribution of the stock pro ta among the noteholders would § an a race to get the first sale and e stock would suffer severely, as ere would be no demand sufficient a alwr»:h such an enormous block stock. committee to Resitate in dispos- of the stock Is found in the very “One of the chief factors in causing| ée neral feeling that the Potomie | ectric Company, its partner in busi- | ss. will eventually win its conten- n in_the case now before the! ited States Supreme Court, to thel easing of nearly $3.000,000 now im- mounded, and which will probably be used, in the event of a favorable de- qeion. for making up bacl dividends. ‘But the Supreme Court has reversed well as sustained lower courts. In e event of an adverse decision, ich is possible, even if improbable, ré would probably be a reversal form in the market for the stock, phich has advanced largely on the spected winning of the light com- lected, can- average re- - Eggs«Strictly fresh, dled, per dozen, 25a: celpts, 34; southern, 23. Live poultry—Rooi turkeys, per 1b., 35a3 - ens,’ per lb., 32ai0; keats, young, each, 60; fowls, 26. 4" ‘poultry — Fresh killed spring chickens. per 1b., ¢0a45; hen °| per 1b.: 26; roosters, per ¥., 16; tur- keys, per Ib.. 35240; Kkea young. each, 60. Live stock-—Calve 9; medium, 1b. in, 1b., 5a7. Lambs, cholce, per 1b., 12; live pigs, 3008300 each; live hogw.. per 1b., la Green fruit—Apples, new, per bbl, 1.50a4.50; per bu. baskets, nearby. 50 50. California oranse choice, per I th 2.5 | 7.50a9.00. Lemlon‘u, per box, 4.5026.00. a. BlackBerries, raspberries, 20a 1.50a3. « Californis lopes, 3.0f new, per bbl., No. 1, 2.75a3.75;.Na. 2, 1.00a2.00. =Let- 0a75; New. York, per . Romaine lettuce, 1.50. er: crate, 25a75. Onlons, 0033.00. Cabbage, new, 0f Cucumbers, R5a T crate, 2.50a3.50. basket, 20: Cymblings, per crate, er bbi., 5 .50. Eggplant Tomatoes, per_bo: Beans, 1.00a2: 50 per b P!Wel‘! 75a1.00. Asparagus, Spinach, per bbl, per crate, 50 r £50 DAIRY MARKETS. BALTIMORE, July 13 (Special).— Live poultry—Spring chickens, pound, 3%a40; small to medium, 30a46; white leghorns, . 28a45; ‘old hens, 26a27; small and white.leghorns, 23a25; old roosters, 14alé; Ducks, 18a20; spring ducks. 24a25; pigeons, pair, 3 Eggs—Loss off. native and nearby firsts, dozen, £3ai4; southern, 22. Butter—Creamery, fancy, pound, 38a49; prints, 39a$l; nearby cream- ery, 34a46; ladles, 29a40; rolls, 25a2: store packed, 25a26; dairy prints, 26a28; process butter, 33. 'COTTON MARKETS. NEW .YORK, July 13.—The cotton market opened steady at an advance of 2 points on September, but gen- erally 2 to 6 points lower in response to disappointing cables, and rather a more favorable view of the weather HRI'S contention. 'ma . _There. was scattered southern \In the event of this reversal it is dpubtful if the stock could be dis- resed of at $60 or near there. It Might be that the committee of hgnkers would be “blamed for poor j8dgment in not getting out while P Xetting was good. “Through tneir offital position as members of the protective commit- tee the latter became directors of 1we’ Washington' Railway and Electric (Bmpiny, 1 asked to vacate if not representa- 1ive Of the owner s of common stock, It is knowp that some of the mote- Eolders “would be glad to wipe the fate.clean. Banks holding the notes have written them down on their b§oks from 50 to 75 per cent. Capital Traction 101. | ¥apital Traction shares touched 101 tga,\- In all 268 shares sold. advanc- 14g from 1003% at the opening to a £@ong closing at the outside price. ailway shares were held vers efrong! € asked, and the common 51 bid and asked. .anston sold sparingly at 79. f’radmg in bonds showed something a _let-up. Railway 45 brought 13 t& 5% Gas 5s. 9313 to 94, while other issues were held quite firmly. Dividend Declared. ~ he directors of the Washington an and Trust Company have de- clared the regular quarterly distribu- n of 213 per cent, pavable August 120 shareholders of record July 21. i Add to Surplus. he directors of the East Washing- i9n Savings Bank have transferred $20.000 from undivided profits to the sgrplus account of the institution, making the total surplus $70,000. HEAVY SELLING 0F 4 STANDARD OIS re considerably smaller on the curb efchange today due to the fact that &inumber of issues—principally Mex- idin Seaboard and new Tobacco Prod- ugts stocks—which had. been active| features in the recent trading, were| sHiffed to the stock exchange list. he Standard Oil shares were very X®ak on the report of,the Federal Tlade Commission to ' the Senate chticizing interlooking directorates in | cdmpanies which had been dissolved | uflder the Sherman law. his was interpreted as being aimed GSeclly at some of the foremost sub- sfiariés of the Standard Oil, and there Was a rush to unload Standard Oil of ; Igdiana. the decline in which dragged afpng Standard of Kentucky, Imperial ¢ Carada. Prairie Ol and Gas and Ofto . b i A Other Ofis Go' OfF. } nternational Petroleum was/off a p%nt from yesterday’'s high. Anglo- ericaf came down a half point. Mpuntain Producers, ‘Skelly, Wilcox OH and Omar all eased off a fraction. ?rkansas Natural Gas displayed bet- ter resistance than the rest, and South- cgn States Oil was supported on the of- figial announcement that two new wells 1i&d been brought in in the Hewitt neld In Oklahoma. It was also stated n;: six other wells are being drilled bg the company in the same territory. Generally Slow. otor stocks- were little changed. niels Motors attracted the greatest aount of trading. - Dubllier Radio did iftle. British American Tobacco was s¥bway accident here and the discus- ~@n growing out of it rezarding the «dmpany's product. ining stocks were fairly active, blt there was no especial feature. lette Safety Razor made a new high the year. n the bond division, Armour 7s con- ;sug strons, while Freeport, Texas, went lower again. ‘ !BRITISH RATE DROPS. %‘nk Lowers Discount Rate to 3 $ Per Cent. By the Associated Pres: NDON.” July .13..—Tke Bank of E8gland today lowered its discount e to 3 per cent, a reduction of % cent from the figure establishe June 15. e G5 e reduttion of the official mi: imum furnished another of the perl- odical surprises which_the Bank.of Edgland has given the money market. Itiwas anticipated when the'Federal rve Bank rate in the United Sthtes was lowered that ‘the bank a3 e would-do likewise, but hope orst this vanished with the tightenin; ditions in the money market an colldpse -of mark exchange, as as heavy borrowings by the :rnmene from the Bank of Eng- govarnment hds since repaid viftually all thip indebtedness and as | the foreign exchiange situation is ad- mittedly less strained the bank Fas giyen traders further help by taking orie-half of 1 per cent from the mini- mum. The reduction also is expected which positions they might | i Futures opencd steady; July, 22.2' the preferred at 9% bid and | {March, 12. FEW YORK. July 18.—Delilngs' and local selling on the decline, but trade interests were buyers, and there was continued buying by Wall street which was believed to be based upon a belief that the crop has now en- tered the peried o()d!lerlorll'lolz The steadier ruling of foreign exchange and reports that the trade was buying {in Liverpool to fix prices on call cot- ton also had a sustaining_influence and the market was steady during the early _trading. October rallied from 2224 to 2234, with the more {active positions working a few points aboye yesterday's closing quo- tationd. - © 30; December, 22.1. March, 21.73. " RPOOL, July 13.—Cotton—Spot in limited demand; prices steady; good middling, 13.83; fully middling, 13.65; middling, 13.50; low middlihg, 13.05: 1good ordinary, 12.20; ordinary, 11.70. Sales, 7,000 " bales, ~including’ 00 { American. Receipts, 4,000 bales, in- October, Jan ;8 @ {cluding 500 American. Futures: clos: steady. July, 13.23; October, December, 12.50; January, 213 May, 12 BANK OF ENGLAND Investment Shares Strong. Speculative Stocks Easier. Oils in a Slump. BY STUART P. WEST. NEW YORK, July 13.—Another re- the fourth successive one this year— was a matter of interest in the day's markets, but of sentimental rather than practical interest. -The rate is now down to 3 per cent for the first time since January, 1914, but inasmuch as the London open market -rates for money have long been around 1% to 2 ner cent level the bank has been merely accommo- dating itself to a situation which has aiready had full chance to exer- cise its effects upon British trade and upon international money conditions. On other occasions the avowed pur- pose in cutting the bank rate ha, been to encourage business activity. The English authorities have never, like the Americans, been afrald when they let down the bars of fostering speculation. v It remains to be seen whether the Federal Reserve Bank of New York will follow the English lead, as it did last-month. The present 4 per cent rate is far out of line with the Bank of England's 3 per cent, and the heads of the banking system here may be influenced by the discovery’ that putting down the dis- count rate from 4% to 4 per cent, as they.did in June, did not have the re- sult apprehended—that is, did not lead to any'increase in speculative opera- tions. 5 Investments Firm. Quite possibly there was some con- nection bat\;uq”th- prospects of an- other’ federal erve Trate reduction and the general buoyancy in the in- vestment market today. Liberty bonds went higher, and the railway bonds list' had a more general upward tendency than on any day in some time. Along with this there was more active demand for stocks of the iInvestment type, such as the telegraph and telephone issues and the preferred shares of some of the industrial and public utility compantes. Speculative Shares Essy. In the speculative section, the price movement was much more irregular. In the mrain the drift was lower. 0 Pronounced weakness in the recent fayorites of the oil speculation had a deterrent effect upon new buying, while influencing the taking of prof- its, secured from operations of the previous days. Olis Are Soft. can oils were heavily sold, but for different reasons. . The action of the three chief producers in the Toteco district in sharply cutting dopn pro- ductior was the clearest admission so far made-of .the damage done by the recent salt-water incursion. Just what was behind the weakness in the American oil shares was more dif- ficult to.see.,. Probably it was merely the result of previous“overspeculation, but gos- sip was revived of an impending cut in prices. 3 The latest figures of. the bureau of mines do not bear out the notion that surplus” stocks are piling up danger- ously. On the contrary, they show that May was the biggest month in ’sllal]ne.rconluwllon. 5,000,000 gal- ons.. 2 SUGAR QUIET AND STEADY. NEW YORK, July 13.—The raw sugar market was.quiet-early . and, while no fresh business w. ported, there were offerings at last prices of 4.93 for Cuban centrifugal on the spot, with July shipment at tol stimulate the buying of govern- ment securities on the stock ex- change. 3 LENDS FARMERS $10,000,000. NEW ORLEANS, July 13.—Federsl Losn Bank of New Orleans has g& nearly $10.000,000 to farmers of siana, Mississippi and Alabama m January to June, 1922. Thé hfi, now five vears old, has lfined a i3 of $41,645,110. Bankers imate that for vn-yks.m-.d ced by the e R E R 3!9‘, cents cost and freight equal to 4 The g quiet and-steady during the forenoon: lpuce- at midday were 1 point net lower. > e There were no changes in refined | decreuse ’"5%“‘ with fine grapulated listed at 6.50 to 6.80. Buyers were inclined to hold off and await developments. Re- fined futures Mominal. £ Lake Erie 25d Western reports for year end x'.bounbar. 31, 1921, a' deficit of $538,304, after taxes and charges, as com| d. & net. inco: Y4 33T Bons previtus -;«5:‘ T 00. Cherries, wa,, No..3, new, 46246 Rye—Nearby, bag lots, 80a1.00 per! bushel: No. 2 western export. spot, CUTTO31-2PERCT. duction in the English bank rate— | Both Mexican oil shares and Amerl-I JALTIMORE, July 13. Wheat—No. 1 red winter, spot, no quotatfons; No. 2 red winter, spot, 1.25; No. 2 red winter, garlicky, old, no bid; No. 2 yed winter, garlicky, spot, mew, 1.193% per bushel: July e spot, new, 1.18 per bushel; Au- gust wheat, 1.16 sale. Sales—Bag lots of new, nearby, by satiple, at 90, 93,95, 95, 1:00. 1.02, 1.03, 1.05, 1.06, 1.08' and 1.09 per bushel. Cargoes on grade of No. 2 [od, winter. gariicky, st 1184 per ughel; No. 3, 1.13% per bushel; No. 4, 1.08% per busHel; No. 5, 1.03% per | bushel; 5,000 bushels of August wheat,” at’ 1.15% per bushel; 5.00 bushels. of August wh bushel. - Corn—Cob corn,' pig, quoted 3.50 per barrel; contract corn, spot, 74%; No. 2.corn, dpot. 76% : track corn vellow, No. 2 or better, 7980 per bushel; No. 4 corn, ‘spot. 72% per el. Eales—None. Opts—Whit LOCAL I‘!BDLE!A“ PRICES. I GRAIN AND PROVISIONS. No. 2, 47 per bushel; 93%: No. 3, no quotation. Hay—Receipts, 31 tons: range is timothy and mixed hay; market firm; .!ugply on_hand n?le for Ly a —Ne,é tangled rye, 15.00, No. 1 wheat, 11.60212.00; No. 1 nominal. 112.00213.00. CHICAGO, July AS.—V\'hllt ad- vanced in. price. today during the early ‘trading, incegptives to buy be- ing found in the less favorable out- look for prompt settlement of the rail strike and_ in renewal of pre- dictions of considérable damage by black rust. Besjdes, reports of dis- appointing retufns from threshing continued. Demand came chiefly from shorts. The opening, which !ranged from % to 1% higher, with i September 113% to 114% and Decem- ber 116% to 116%, was followed by moderate further gains. Corn and oats were firmer with wheat. Corn opened % to % higher. September 643 to 64%, and held near to the initial range. Oats started a ghade to % up. September 37 to 37%, and later as- cended a little mere. Provisions reflected ths strength of_grain. . Potatoes, slightly weaker: receipts, 50; total United States shipments, 956; eastern shore, Virginia, barrel, cob- | blers, 4 25a4.50; Oklahomo sacked, co®- blers, one car, 2.2 Kansas =acked early Ohios, poor quality, 1.75a1.95. maintained their advantage, helped | by revival of export business, better jmilling demand and by persistent re- ports about danger from black rust. The close was unsettled, 1% to 2% net higher, with September 1.15% to 1.15% and December 1.17% to 1. Country offerings of corn to arrive here were light. The market closed steady. 3% to 3% net higher, with September 64%a64%. WHEAT— Open. High. Low. Close. July ... 115% 16l 1.1 1.18 September 1123 115% 1.13% 115 mé-fiq'\‘h_" 5 1164 1173 115% . Jaly September December Iuly . September | December . BONDS ARE FIRM, BUT LESS ACTIVE NEW YORK, July 13—Whatever effect the lower tendency of money |rates both here and in Great Britain had today on bond dealings on the New York Stock Exchange appeared to be reflected more in the continued strength of United States gqvern- i\ 367y 103 0" 40% iscues than in any great increase in the market's, activity. Although the list generally was of dullness during the session. Liberty bonds were more in de- mand and at higher prices than on any previous day this week In the foreign section, French and | Delgian . securities gained more : ground The French 8s touched 102 again i:md the Belgian 7%4s go: to 106 follow- | ing their =nt sharp decline. United Kingdom 5125 of 1922 and 1929 were (firm in sympathy with the strength tin sterling exchange. 9 | There were a number of new high {records among the railway invest- ment bonds, and in a number of cases | the top prices of last spring were |almost reached. Rock Island gen- eral 4s and refunding advanced, ‘the former equaling their high for 11922, Louisville and Nashville 51;s, New York Central 3%s ana Erie cenverti- ble 4s all passed their former high S| marks for the vear, and Seaboard re- {funding 4s, Union Pacific 6s. Penn- sylvania issues, St. Louis and San Francisco issues, Missouri Pacific 6s and Colorado Southern 4}%s did sub- stantially better. New York city tractions were dull. The Brooklvn -Rapid ~Transit 7 howover, encountered some selling colncident with further selling in the companies’ stock. - Special buying occurred in Peoria land Eastern Consolidated fours, which advanced -about two Doints on the re- port that the -road will be consoli- i system on terms agreeable to Peoria security holders._ Further buying of American Sugar 6s carried those bonds to 4 new hixh for the vear. Tobacco Products is equaled ‘their top, and there was strength in Smelting 6s. INDUSTRIAL NOTES. National industrial.conference has 10,000,000 man hours ‘of work each day that situation continues. authority ‘to issue $321,000 first mort- gage bonds at 91.78 of par for liqui- dating $294,613 demand notes to pro- prietary companies. Bethlehem * Shipbuilding has been awarded a contract to build two freight steamers for Eastern Steam- fleet operated between New York, Boston, Portland. and other eastern ports. 3 3 ‘White Motors reports June sales of trucks to be the-largest of any month since September; 1920. Sales, for sec- ond quarter of 1922 were 40 per cent above first quarter, and 23 per cent above second quarter of last year. Gulf, Mobile and Northern reports for year ended December 31, 1921, a net income of $44,588, after charges and taxes, as compared with deficit of $£15,224 In previous year. Gold stocks of the United States, as of June 30, totaled $3,774,470,231, or about 46 per, cent of world's holdings. Mined. ore of Nipissing in June had an estimated value of $193,324, against $197,715 in May. 2 Net n‘Ferltln_g revenue of ‘Western Union Telegraph :in May .totaled $5.- 285,922. In the same month last year it was $6,442.299. American Telephone and Telegraph now has $577,699,600 stock on -ex- change, it being rased to this amount by recent listing of $6,530,200 addi- tional stock.> Caddo Oil and Refining reports net profit for June of $144,938. This is after taxes. ami lgterfi‘ and com- pa ‘with $80,000 in Y It is stated that because of insuf- ficient shares, the proposed 'plan of reorganization and capitalization of the Burroughs Adding Machine Com- pany was withdrawn. ar. futures market '"'t: lembership-on>New. York Coffee gnge sold for. 35809, up $100. ipts of ‘crude g eastern divi- sion‘ in, June were 2,285,799 barrels, a f 11334 barrels from May, TNerrick iveries were 4,129,- | 134 barrel of 166,100. Stocks in Jun ,179. bar- ai In e decreased 138, 1s; leaving & total of 16,810,169 ‘barrels. For year ended May 31, 1922, ‘Western Sugar, earned after expenses $914,858. The balance sheet as of May 31 last shows total assets and liabili- ties ‘of $49,642,81 current assets, $21.303,938; liabilicies. $5771513, and profit and. 1088 surplus $20,434,897 Fy Argentine 7s at 116 per| | i ! 1 17.00 to 21.00 for fair to good quality ; In the later wheat dealings, bulls| ! . 39 { Atlantic Refining 58 w | 100% s | Central Leather 51 | Luquesne Light 6. .. . | Empire Gas & Fuel 734 l Fisk Rubber 8s. ..... | Inter Agricul Corp 5s. ment loans and high grade railway | i Mexican Petroleum 8s. istrong, there were frequent periods | dated with the New Yoark Central; ship of Boston, as additfons to the!gnincrease of 400 barrels. In Okla- | o ipool, central Texas, [ i cipal United lwgek ended July-8 totaled irels, a dally average of 51 £758,364, other securities Grain, Produce and Live Stock|[ov=ew vorx BONIS smocx excaiance] | Ricelved by Priyste Wirs Diract to The Star Office. UNITED STATES WAR BONDAS. . High. - 10000 10009 10000 Liberty Zat 44w 1032-47. 10048 10035, 100 48 Liberty 20 4% 102742... 10030 10014 10030 \Liberty 34 43 1028, Liberty 4th 43(s 1933-35. 10048 10038 100 46- Victory 4%s 1922.23. . 10022 10076 - 10033 L1005 10048 10050 FOREIGN, GOVERNMENT, STATE _AND MUNI\ IP’AL- Belgium 6s Belgium 7%s. 1. . 1087 ¢ 108 Belgium 8; 108% Bolivia 83w 1 101 Bordeaux 61 - e =2 = w984 Chile 85 1926. 102% Q1% 1034 Chile 851941. 103% 108 108 Chiie 85 1946. 1 0% 10% Copenhagen 5% uK MK AH | Czechoslovakia 8 oYy % % Denmark 6s. % 9K 84 cap Denmark 8s. 109% 109 109% Dutch East Ind 65 '47.. 9% 95 %% Dutch E Fsf 68762, %% HK French Govt 8s. 102 100% French Govt T%s. w% N% B Japanese st i% SUch fix | Cuba apanese 2d 4%s. . 2%, S Lyonats, o8 me =% k[ pes Mexico 43 a. e Mexico 5s. 6 .8 . Mexico 5s large. . B8 % Netherlands 6s 9 %% Norway 8s..... 110% - 110%. Porto Alegre 8s. . 100% J00% I Queenstand 6s. 101% 101 101 Rio de Janeiro 8 100% -99% 100% Rio de Janeiro 8s rcts. . 100% " 9% Sao Paulo, State of, 8s.. 101% 101 Seine, Dept of, 7s. Soissons §s. Sweden 6s. Swiss Confed s £ 85, % 1083 Tokio 5s.... 70%- Utd Kingdom 5 %s ‘22 109% Utd Kingdom 6355°29.. 109 108% 109 Utd Kingdom 5355 '37,. 168% 18k MISCELLANEOUS. Am Agri Chem T35 Am Smelting 1st 5 Am Sugar Ref 6. Am Tel & Tel cl tr 5s. Am Tel & Tel cl tr 4s. Am Writiog Paper 6s. .. . Anton Jurgenscv 6s wi 80% Armour & Co 43%s. . 0% Atlantic Fruit 7s> Atlantic Refining 6%s5. 108% Atlas Powder T%s 06 Barnsdallsf8sA. Bell Tel Pa Ts. Bethlehem Steel Can Gen Elec deb Cerro de Pasco 8s. Detroit Edison ref 6 Diamond Matca s f Du J'ont de Nem 73%s. 8% Framerican 1D 7%a. . Goodrich Co, B F. Goodyear Tire 85 *31. Goodyear Tire 854 ue rter Mer Marine 6s. % ) Inter Paper 1st5sB. Kayser (Julius) sf 7s. Kelly-Springfield 8s. . Liggett & Myers 7i m Sanati Sugars t%7 8 | Marland Oil temp 7%s.+. 15 {'Marland Oil 8s war.. 124% Montana Power 58. .. New York Tel 4%s. ew York Tel 68 1941 New York Tel 6s 1949 Pac Tel & Tel 58 ctfs. Pacific Tel & Tel 5 Packard Motor 88 Pari-Amer P& T 78 . 101 Philadelphia Coref 65 A. 91% Pierce Oil deb 8s. 9 Producers & Ref 8s. Public Service 5 Sharon Steel Hooj Sinc Crude Oil 5%s 99 102% 9% Sou Porto Rico Sug T Southern Bell Tel 5 Stand Oil Calif 7s. 1068 Steel & Tube 7s. 1004 Tide Water Ol 633, 108% Tobacco Prodsf 7s. . 04 United Drug cv 88 m U S Realty 5s. % U S Rubber 1s s U SSteelst5s 102% Utah Pow & Light 5; 0% Va-Car Chemical 1st 5s. 99% Va-Car Chemical 7%s. 1083 Va-Car Chemical 7s w 5% Warner Sugar 7s. 105 | Western Union 638 uo Wilson 2 Co 15t Wilson & Co cv 6 Wilson & Co cv 7% SLIGHT DECREASE SHOWN IN CRUDE OIL OUTPUT NEW YORK; July 13.—The daily av- « {erage gross crude oil production of | B. ¥. G put_number of those idle because of |the United States decreased 3,650 ba: trikes at 1,250,000 persons. a lo: irels for the week ending July 8, t oo o S8 of e ling. 1480650 barrels, o compar jwith 1,454,200 barrels the precedt ‘ week, according to the weekly sum- | Lib Toledo Terminal has been granted |mary of the American Petroleum In- |M., St P stitute. -] New York' Ce: tor & Gamble 7s 1922 Roebuck & Co. 7s 1922 rs, Roebuck & Co. 7s 1923, iwestern Bell 7s 1925, . {north Texas shows a decroase of 50 |Bwift'& Co. 7s 1925. barrels, central Texas a decrease of iun & Co. 7s 1931 -, | Taxas Co. Oklahoma-Kansas shows ‘a dally average gross production-of 480,300 barrels. a decrease of 3,300 barrels; 4,000 barrels, north Louisfana an i crease of 3,950 barrels and Arkansas homa production of the Osage nation is shown at 108,250 barrels, against 107,100 barrels, and output of the Lyons-Quinn pool was 20,200 barrels, a;lxnstq 22,200 barrel The - Mexia i i'_reported at 4,750 barrels, against 66,500 bafrels; London Haynesville, north Louisiana, 57,400 l;lrll‘ barrels, against 54,600 barrels, and i1 iDorado, Ark.. 33.650 barrels, against 33,250 barrels. In the gulf coast fleld, ulf coast fel drid West Columbia is reported at 275500 | Zarien barrels, against 30,500 barrels, and | Atheas Orange county, 16,350 barrels, agaihst | Y1t 17,500 barrels. No changes_in crude ofl prices were reported. . “.. . - According to flgures . collected by the institute, imports- of petroleum (crude and refined oils) at the prin: (355413 barrels, a daily average o = i ,623,050 bar- barrels. compared with 3638050 bar; rels for the weels ended July 1. jilhaii e o " LONDON BANK, STATEMENT. LONDON, _July 13.—The _weekly statoment ‘of the Bank of England : follo changes: Total T oo deceanmed £334,000, circulation decreasad . £274,000, _bullion dbionses £2,156,000, other deposits creaged £21,019,000, public deposits aued 311,000, notes reserve reaned §290,000 and government securitiss decreased £20,884,000. The proportion of the bank’s reserve to liability this week 18 17.68 per oent; last week it ‘was 15.09 per cent. Rate of fm‘ 3 per cent. . , Ofl men are 4l e bility.of whether lossus in. prog due to s3lt water in Mexico’ wi sufficient’to offset heavy increasel output in the Upited States. — Loft Candy sales for second quar- ter, amounted to $1,592:507, an & over: preteding, period of i BEOPLE& W Va ds. lyn R T 7521 ctf, RT yp R T 7821 100 | Gapadian Northern 7s. Canadiar®North 6%s. k Cgnadian Pac deb 4s. 110 | Central of Georgla 65 Central Pacific 4s. g:; Union Statjon . Low. Close. . % %% 8 s FYO ) 8 &%l 190% 101 82% 88 81 8% 86 . w4 % ™% 8% 2 82 80 0 s 83 8 “us u3 13 LU 110% 110% o 1ok 004 100% 1 81 0% W% 1 Hud 1st ref 4s. Erieconvds A. Brie conv 43 B. econv'4s D. ... 3rie con ext Ts. ;-8 & L105% 105% 106% @rand Trunk s £ deb 61 100% | Graat Northern gen 7s . 101 | Great Northern gen 5% 9% | Hudson & Man ref 58 1% | T1J Central ref 0% 10 10 N Y Central deb 6s. 864 | N ¥ Central ref imp 168 |N Y Ryslstref4s. 198 | Norfolk & West con 4s. Nortolk & West cv 65 106 | Northern Pacific 3s. %% | Northern Pacitic 48 99% | North Pac ref imp 65 101% | Nor Pac-Gt Nor jt 63s. . Ore& Cal 1st 58 Holland American s26s. 88% 88% 88% | Ore Short L ref Humble O& R5%swi.100 100 100 [OreShortL con 5s'46 Indtana Steel 1553 °52.. 101 100% 100% | Ore-Was 1st ref 4s. %6 Paris-Lyons-Med 6s. Pennsylvania gen 5s. 6 | Pennsylvania gen 4%s. 104 | Pennsylvania 6%s. 108 | Pennsylvavia gold 7. 9% | Pere Marg 1st 5 Portland Ry L P Reading gen 4. RIArk&L4%s. StLIM&SR&G4s 106 |StL&SF prin 4 Third Ave adj 5s. w5 |TOlStL& W s, Union Pacific cv 4 Union Pacific 1s <ay | Western Pacific 5s. .. . 9 | Wisconsin Cent gen 4 TOTAL SALES (Par Value): —_— SHOKT-TERM SECURITIES, (Reportez by Redmond & Co.) 1073 | American Tobaceo n $ | Ansconda Copper 75 1929 110 92% | Anglo-American_ Oil 7i4s 1925.. 103 | Armour & Co. 7s 1930. 1 5. of Gone. Gaw of N Copper Export Cepper. Export ** FOREIGN EXCHANGE. ks—dollar values at noon today: 4.44% Budapest . rague . ' States 'ports for the | ———— DENJES PYRENE CHARGES. "NEW YORK, July 18.—Burning in- sulation and not the ue‘ of” p;n‘:e extingnishers was responsible for the | fumes from which passengers suffered in‘the fire in the Lexington Avenus Interborough tube last week, Walter resident of Pyrene Manufac ment iast night. He said that pyrene Sy3 Guring ha cpads urin; e i years. and quyegad (hs'flr- &: M the subway at 53d street an R | extinguishers ha -pogsi- | of -fires In subw: fon - be ré r:pogt 0 . in 16,1915, B y, “that the flames fed on !kOIVY ‘lun!?tt(l:: eo':rlnxl of the s, and em! a denss smok :fi,u»mmrm-.w Yo iy RAILROADS. §1% 108% % bl 103% 108 18y 1004 1088 101% 4 6% 53% ! s2% 103% 1038 108% 9 9% 0% 8% &3 8% 16 2% 3% 6 98% 106 & s% 5% 190 102% 82% 2% 3 %55 % 6% 6% 100 100 9% 100% @% 8% W UK 0% 91 0% 105% 105 105% Y% Mu% 3% E 80% 2314 110% 62y §718 W% 106% 10045 2 104% 1% 60% 4% N4 1% %) 9% 51, | Fairbanks Co. Famous Players. Famous Players pf. €8 63 |FedMines&Spf. Fisher Bof OPf... Fisk Rubber. | Freeport Texas. Gen Asphalt. 89 89l 6% 6% % 6 Y% 8% 3622000 .+ 5119000 7150 000 8225 009 utter. | 1015 104 101 101% 901, 1025 ifs 10 100. 005 1013 2% i 101 103 103: 08 1075 i | ~——nNoon.—— | Mack Truck.- Mack Truck 2nd Mallinson & Co. Manhattan Elev Market St prior 1332 1001732 1001332 100 1732 100 382 | 102 1516 103 116 102 13-16 102 1516 101716 10116 1011518 102116 ; | Alr Reduction. Ajax Rubber. Allled Chemical. Allled Chemjcal Allts Caalmers. 6% 8% 82 em pf.. 6% &% 6% Sk E:ngai%: H 2% 5% U Am Smelting. . | Am Smelting pt. Am Tel & ‘Tobx Am Water, Wks. .. Am W Wk 6% pf. Am Woolen. ... Am Writing Prpt. . AmZinc & LApS. .. 8% | Anaconda. .. Atlanta Bir & Atl. . AtlanticCoast Line Atlantic Fruit Co 54% : Atlantic Guit. . Atiantic Gulf pf. Austin Nichols. Ba!dwin Loco. Balto & Ohlo. Balto & Ohio pf.... Barnesdall (A).... Barnesdall (B) . Barnet Leathe: Bayuk Bros. . Beechnut Packing. . K Beth Steel (B) Beth Steel 7% pf. . Booth Fisherfes. ... Brit Em Stl 2d pf. Bklyn Rapjd Trn. .. 4% 9% { BKlyn Rap Trctfs. % 8 |Bklyn UnionGas. 8% 78% | Brunswick Term. 3% | Burns Bros (B)... X Pressed Steel Car.. Ti% Public Servof N'J.. 85% Pullman Co. Butterick.... 100 102% | California Fetrol. . Callahan Zinc. Canadian Pacific Case Plow Works. Central Leather. Central Leath pf. Cerro de Pasco Certain-Teed. Chandler Motor. 5 Chi & Alton pf. C & EII (new). Chi & E I pf (n). Chi Great W pf. Chi Mil & St P. Chi Mil & St P p Chi & Northwn Chi & Northwn pf. . Chi R & Paéific. ChiRI&P6%pf.. Chi RI&P7%Pf. . C St P M & Omaha Chile Copper Chino Copper Colo & Southn 1st. Columbia Gas. Columbia Graph.. Columbia Graph pf. ConsGasof N Y. Cons Textile. i Corn Products. Cosden & Co. Crucible Stecl Cuban-Am Su Cuba Cane Sugar. CubaCzneSpf... Davidson Chem Del & Hudson. . Del Lack & Wstn { Dupont (E. L) Dupont debenture.. U S Hoffman. . Eastman Kodak.. | Electric Stor Bat. i Eik Horn Coal. ... { Endicott-Johnson. . Gen Motors pf - - Gen Mot 6% deb. 1 Gen Mot 7% deb. Granby Consol. Great Northern pf. 103y | Great Nor Ore..... Guantanamo Sugar { Gulf Mo &Nor.. .. 10372 | Gulf Mo & Nor pf. Harbishaw Cable | Homestake iy % 101 * | Hudson Motors. | Hupp Motors. | Hydraulic Steel 107% | llinois Central. 103 Interboro Metro. Interboro Met pf. .. 104% | Interborough w. Intl Cement.. .. Intl Mer Marine pf. Intl Nickel. ... . Intl Nickel pf. 01 A Island Cil. ... 102% | Kansas C Soupt.. | Kayser (Julius) { Kelly-Spring Tire. . | Kennecott. . . Keyttone Tire. | Kresge (SS)- Lackawanna Steel. 75% Lake Erie& W.. . Lee Tire & Rubber. Louis & Nashville Martin-Parry Mathison Alkill. Maxwell (A). Maxwell (B). May Dept Stores. McIntyre Porcu. .. Midvale Steel. . Minn & StL (n). Montgom: t | Muilins Body. iscuitpf. ... 124 fire |: d | Natl Cloak & Suit... N Y Central. NYChi&sSt ... N YN H & Hartforc 31 Norfolk Southern.. 19% 19% Norfolk & Western. 110% 1104 1 i North American... 67% €% €% North American p! 3% 45 43% Northern Pacific... 7% % T Nunnally Co... 8% 8% 8% ‘Ohtc Body & Bl 4 84 8% 1% 18% m o 130% 12 u% Y U % PacDevelopment.. 6% 6% 6% PacGas&Elec.... 69% 6% 6 Pacific Oll.. 57 5% 73 68% o &% “e u un Penn Seabd Steel.. 8% 8% 8% 8% People'sGas...... 81% 84 8% 84 Peoria & Eastern.. 2% 2% 2% 2% Pere Marquette.... 82% 32% 2% Pere Mrqprior pf. 1% TI% ™% Pere Marq pf. 7 7 8% o4 % 1% 9% 36% 3 8% % 8% Piggly-Wiggly... 4% a% a Pitta Coal. .. oK% 6% 6 Pltts & W Va. 29 a9 2% Pond Creek C¢ 2% 2% Postum Cer pf. Producers & Ref... 4% 5353 gySesgiggeeouggesyy 3 pafnsyuy ™% 1% 8 121 30 %Y . 8% 28% Ray Con Copper... 16% 16% 6% < . 6% 5% . B B2% 2% L85 3% UK % .2 R 2 W% RepIron&Steel... 72 72 704 11 Replron&Stipf... 8 %Y 2% 0% Rep Motor Truck... 104 10% 10% 10% 8% 6% 4% 57% 6% B StL&SanFran... 2% 28% 28% 28% StL&SanFrpf.. 50 50 9% 49% StLouisSouthwn.. 30 30 26% 20 Santa Cecllia Sugar 4% 4% 4% 4% Savage Arms - % BN U% 1% Saxon Motors...... 3% 3% 3% 3% Seaboard AlrLine. 7% T % T 124 12% 12% B T M 13 Shattuck-Arizona. 10% 10% 10% 10% Shell Trad & Tran: 41% 41% 4l 41% Sinclair Oil........ 32% 32% 31% 32% Sloss-ShefMeld pf So Porto Sugar. Southern Pacific Southern Railway.. 2% 2% 2% 2% Southern Ry pf.... 57 6% 67 5% Spicer Mfg Co. ... Stand Oil of Calif.. 106% 106% {03 103% Stand Oilof NJ... 182 182 180% 180% Stand Oil of N Jpf. 116% 116% 116 116 Sterling Prod 53% Stewart-Warner... 4% % &% &% Stromberg Carb... 4% 4% 46% 47 Studebaker. . 137% 137 134% 136 Submarine Boat... 7 Th % % Superior Oil. .. Temtor Corn (A).. 2 2 2 2 TexasCompany... 46% 467 45% 46% Texas Gulf Sulphur 47 47 6% 47 Texas& Pacific.... 30 30 80 30 Texas& PC&OIl.. 21% 21% 26% 26% Third Avenue..... 2 2 22 2 Tobacco Prod A Tobacco Prod B TStL & W pf (B). 48 4“8 45 TransContlOil.... 16% 17% 16 I16% Union OIl. . 21 Gnlon Pacific. 11 Union Pacific pt. Y% Union Tank Car.. 99% 9% 99 United Ry Inv. . Y 12% 12 9 . 121 12 United Retail Strs. 67% 674 67% 67% USCastIrPipe... 32% 32% 2% 3% U S Food Prod. . 5% z% 56 U S Indus Alcohol U S Rubber. U § Steel. U S Steel pf. Utah Copper. Ttah Securities. Vanadium Corp. ... Va-Car Chemical. 30% 30% 30% ValronCoal&C.. 48 48 4“* Vivadou. - % % uy% ‘Wabash Wabash pf (A) . ‘Western Pacific. Western Union a5 By 3% 5% 19% 19% 19% 194 - 100 103% 100 101% ‘Westhse E & M. T 5% ‘Wheeling & LE. % % M% White EagleOil.. 24 24 27 o 8% i Wickwire Spencer.. 16 16 15% 15% Wilson & Copf... 8% 8% 8 % ‘Willys-Overland 8% 9 8% M Willys-Overland pf. 45% 45}% 44% &% Worthington Pmp. 504 &% 5 50 Worthington pf (A) %3}z 5% %% WY ‘Wright Aero. . 84 8% 8% 8 High. Low. Last. Call Money 3% % 3% HOURLY SALES OF STOCKS. 175300 12m. 517100 2p.m. —_— DIVIDENDS. Stock of reco! Avg. 1 Aug 1 Sept. 1 SHIPPING NOTES. Another stevedoring feat'in load- ing and discharging general cargo steamships at Philadelphia port was performed when approximately 1,900 tons of general cargo were dis- charged and 1,200 tons loaded aboard the American steamship Chebaulip in three days and four hours. Bourse, board of ‘trade. maritime exchange, commercial exchange and the Manufacturers’ Club have filed briefs with the Interstate Commerce Cammission for retention of Phila- delphia’s two-cent grain differential. United States lines, operating a fleet of passenger ships for the Shipping Board. probably. will .sopn have its own agencies in Germany, as a Te- sult of recent conferences. The von Steuben, Barbarossa and nine other former German passenger and cargo ships are to be scrapped by the Shipping Board. The number of officers and men placed by the sea service bureau of the Shipping Board during June was 1% 7,773, a gain of 257. Columbia Pacific Shipping Company, operating a monthly Shipping Board berth to the-orient from Portland, Ore., has requested the board to in- crease the service to three vessels a month. Newport News Shipbuilding and Drydock Company, repairing the Le- vigthan, has awarded a subcontract to the Peabody Engineering Company for the installation of oil-burning equipment. —_————— Ames, Emerich & Co. has offered $500,000 first joint stock land ‘bank of Minneapolis 5 per cent bonds at 103 to yleld ahout 4.62 per cent. Bon- bright & Co. has offered $2,000.000 Texas Power and Light 6 per cent debentures, sories A, to yleld about 6.60 per cent. . 6% 6% 6% 6% 7000 Emma Silver Mines. NEW YORK STOCK EXCHANGE |N. Y. Curb Market® Recelved by Private Wire Direct to The Star Office Quotations furnished by the Associated Press Quotstions furnished by the Assoclated Press INDUSTRIALS. igh. Low. 2pm b 48 w3 1 o 8 12% 5% 39 22 -'b_?“j I“ 1 Lo B % 9% 194 108 108 [ 9 % 4 3% W f;fi 'z‘i-: )E 1 1 1 w7 Un Retail Candr... 6% L3 ‘Wayne Coal. ... - 1% 1 1100 Anglo-Amer Oil 195 19 10 Buckere Pipe L YRt 435 Imperial Ol. Ca 108 150 Indians Pipe Line 905 I "30 omio 011 .- 290 * 230 10 Prairie Oil & Gas. . 600 10 Prairie Pipe Line . 150 Southern Pipe Line 15 South Penn Ofl 26700 Stand Ol of In 900 Stand Oil Ky, new. 200 Aetna Con Oil . 2500 Alean Oil E 1000 Arkansas Nat 3800 Boston Wroming 2700 Carib t Co_ pr. 200 Creole Syndicate. 1000 Cushing Petroleum. .0: 8000 Engineers Petroleum . 1900 Glenrock Oil 5000 Hudson Oil . e 3800 International Pet 2500 Keystone Ranger.. . 1100 Livingston Pet. 100 Margay Oil 1000 Mariana on Mex.. & Mexico Ofl..... 300 Mountain Prod 2000" 200 Noco Petroleum " 300 N Am Oil & Ref 8400 Omar Oil . 100 Penn Mex Fuel 3500 Red Banks O anks Oil. 300 Salt Oreek ... . 2000 Sapulpa Ref 3 1300 8imms Petroleum .. 5600 Skelly Oil ........ 9000 Bouthern Pet & Ref .16 1800 Routhern States Con 13% 800 Spencer Pet Corp... 4% 14800 Texon Oil & Land.. . 11300 Wilcox Oil ... 400 Woodley Pet . MINING. 200 Alaska-Brit Col Met 33 100 Amer Exploration. 2 1000 Amer Com M & M (3 200 Anglo-Am Corp S A 20 7000 Big Ledge . ..... . EL T r 14000 Cons Copper. 200 Cortez Siiver 1200 Cresson Goid 2000 E1 Salvador . o1 16000 Eureka Croesus. - 500 Hecla Mining.... 200 Howe Sound Co_ .. 8000 Indep Lead Mines 500 Jerome Verde Div.. 5000 Jumbo_Extension.. . 39000 Lone Star.......... 2000 Marsh Mines Cons.. . 1400 Mother Lode cit.. 100 Mother Lode cld erada Ophir - 00 New Cornelia 200 Sheldon Mines Sough Am n 100 United Verde Exten 1000 White Caps Mining. 100 Yukon Gold - PONDS. 25 Am Light & Trac 6s. 1963 18 Am LUE Tr 6w . 1000 1005 Am T &6 - Anaconda Cop 0s Anaconda Cop 7s_'29 1031 Anglo-Amer 0il Armour & Co 7. 1047 Beaver Board Ss ctf 77 Beth Steel 7s 1041 Beth Steel Bkirn Un Bklyn Un s Cent Steel Bs.... Cities Serv 7s D.... 91 Consol Gas Ts....... 100 Consol Gas Bal 7s.. 105 Cop Ex Ass'n 85 23 101 Cop Ex Ass'n Bs 24 102 b Bx '35 1041 . 101t Empire Gas & F1 65 101 t Te: z 8. 108 Galena Signal Oil 7s. 4 re 75 ... 103% Kennecott Copper ‘7s 1047, Libby, McN & L 7s.. 99 Liggeic-Winchest 7 ;&h 8 Copper 7s .. Mahifiobs 1o 9 19 Tidal Osage 7s..... 102 4 Un ONl Prod 8 104% 5 Valvorine T7s Iy 4 Western Elec 108% FOREIGN BONDS. rgentine Ts. ‘23 100 MINER ASKS $25,000 FOR EVICTION IN RAIN Says Skull Fractured by Deputies, Furniture Broken, Baby Scared to Death. UNIONTOWN, Pa., July 13 —F Car- nicello, 2 miner of Edenborn. near here, has filled a sult against H C. Frick -Coke Company for £25.0 in connection with the eviction of h family from a house owned-by the concern. . Carnicello, in his complaint. said that last ‘April he was notified to vacite the house, and that a for man of the companv and seven d. uty sheriffs ejected his family during a cold rain. The deputies, he charged, attacked him with clubs, fractured his skull, broke his furniture and scared Jhis bapby to death. —_——— PARIS BANK STATEMENT. i "PARIS, July 13.—The weekly siate- ment of the Bank of France shows the following changes: Gold in hand. increased 372,000 francs; silver in hand, Increased. 196.000 francs; notes in_ circuation. decreased 297,199,000 francs; treasury deposits, increased 24,480,000 francs; general deposits, d=- creased 146,718,000 francs; bills dis- counted, decreased 1.975,000- francs advances, decreased 26.206,000 francs. The -state repaid the bank 200,000.000 francs. —_— BAR SILVER QUOTATIONS. W YORK, July 13.—Foreign bar r. 70; Mexican dollars, 5333. ‘LONDON, July 13.—Bar silver. 35%d cent. Dis- per cent; —_— War Finance Corporation received repayment of loans amounting to 315, 233,074 n-June: