Evening Star Newspaper, August 26, 1922, Page 11

FINANCIAL. i1 ‘ on W York BN srocx Excmcgl BREAK IN FRENCH EXCHANGE s 2 DOMINANT FINANCIAL TOPIC| gy gt = . FINANCIAL EfiN—[]Ifl[]NS AME [ NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Received by Private Wire Direct to The Star Office. e UNITED STATES WAR BONDS. RAILROADS. y e (About Twenty-five Tigy De! w- - Open. High. Low. Close. ' enty-five y livery) Adv Rumley ... o4 W4 | Pac Devalopment... " ¢~ ¢4 ok el PR 4 e o e polic owar: ’ 2 oot Al Lo L Adv Rumley pt Pac Gas & Elec TR 9% Y % o son gen 4s. 8 Wi T d mnity Suite 208, Evans Bld Ajax Rubber. u% u%|Pacifcoll.. wos e plabecty -+ 10022 10022 10022 | Atlantic Coast L co NI . y e any er inde 1 “1f 1t Has o Market We Deal in It.". _25% isescon ¥ RS TIaikrelagpra s [l Eioerty 20 4% 107742, - o3 Soass 1030 emands Creates Misgivi t tu mEmm=— - y Allied Chemical. ... 81" 8% B2% | Pan-Amer Pete.... 10% 9% 79% 79% | [hertY = ? vmg’s as oFu re. Industrial Stocks Present | Auscaatimers.... se 8% 68 68% | Pan-Am Pete (B).. 7¢4 704 70 7% ) Lberty 344% 1028...... 10045 10038 10048 (3 E AmTcaiSorer.. n @ i % |PantendicBaR. 70 7o 70 1Ly oGS ma wou Lessening of Credit in Outsi 5 Rl i Am Bosch. ... 4 40 4 (Parish&Bingham. 15 16% 15 16% | VICtory 4%s 100: 06 1de 5 Firm Front—Rails Easier. 2 12 7 |Pennsylvania.. % 6% | Victory 4%s (called).... 10030 10030 10030 yes Co-Operative Building 8 % FOREIGN GOVERNMENT, STATE Z ! . ge - Marks Are Better. :’r““%%‘l‘:‘:noc“‘i o g ;';: AMD MUNICIPAL. BY STUART P. WEST. coal mines of the Ruhr? The answer Association Wi o4 . 118% { gpecial Dispateh to The Star. to this question 1s that, outside of . Organized 1870 High. Low. Close. : T e, o France, banking opinion is dublous BY STUART P. WEST. | Blerara ®% 48 Argentine 7s. 101% 101% . August 26.—The fore- | that this will do the good expected, 424 YEAR COMPLETED NEW YORK. August 26.—Industrial | o th'o;"‘" 12 2% Argentine 5s 85 & most question in world finance is still | that it will bring in_the indemnity Assets $4,408,620.00 shares, as a rule, were well sustained. | A:;:}::‘:‘::a P,",v_w‘;""' CERC it g:{‘:“"‘;”" 104% %% the German collapse and how far it| funds T oYy or rance s salva- || Surplus $1,144,464.60 and a number of these were decidedly | < . Pitie e ; glum 6y, . 100 S TIInYoIve Thelontaias niaRkeln o - ese misgivings, whic s 2 g . s t i Am Locapf. tts Coal. . . B5% €6% 65% Belgli " are expressed in the decline in Fi h P disposed t glum 8s. . 08 108 i n Frenc! ;L?,I.:,“:lm!& E‘I,‘n'lsn?}.iiil. isposed to | e ale. | Pitts & W Vy . 39% 39% 3% % | Berne §s. 2% 2% far conditions in the United States|exchange. This decline is not due, as The Value of SiFhere might have been some selling | Am Ship & Com. . Pond Creek Coal... 22 22 21% 4| Bolivia 8s. . 9% % and Great Britain have scarcely been | 18 the fall in German marks. to the 1o the railway Mt induced by the|Am Smeiting...... 63% 64% 6% 64 |Postum Cereal.... 83% 8% 8 Bordeaux 6s. w o |CF touched at all. The collapse in the | P2RICKY selling of holders of the ac- Fresidents threat o seize all roads; Am Steel FAy...... 4% 42 4l}s @ |PressedSteelCar.. 82 & & Brazil §s 101 101% | Sh! & East 111 gen 5 German mark without the le usl paper currency, It simply rep- which could not provide adequate|AmSugar......... 82% €3 52% 83 |Producers& Ref... 44 4% 43% Brazil 7s. “ Toi% | Chi Great Western ou °ast| resents a lessening of the credit of Tacilities as the result of the shop- | Am Tel & Teief. . 123 122 123 | PublicServofNJ. 64 9% 9 9% | Brazil 734m s s |SMest ground for hope of a turn ass not| FrARCOn outslds eyes, brought sbont |J 37 TICs TS ST, et b e e e il e 126% 120 5% | Canada t3is 1920 fi&sll’cvbn 6 |opendy afiecled Amecfcan fnAncisl Cirmany o s e Lies J?’j?l'x'f g Ofaincd utt a5 wall by the technicallaniioe sezzgeee 98 10 B enk | Canads oA 152y Chiokge Roye i . Rt iRy s conomis gftort 1o keep the former enemy on 83d Issue of Stock hnslllo{r‘xvlhe n‘;(-el ity‘ rl;t: Somelnenss s B S5O 4l :gva l;:llvcv-ygteel Spr 112 112 12 2 | Chile ss igfg f:i& P ref 4; 'lhlfl llln tw‘ehekdha:q g(nl'mdtup strong- | " Soomer’ or later the stage will he Being Recelved tion after an advance which had last- |0 Tt 9 491 49 y Con Copper... 16% 16% 16% Chile 8 : W Icon 4s. . T Y against the demoralization in con-| reached where Germany, either vol- e fociover & Wwedk anl hadicartichlAranisont. - 102% 103% | Reading.........0 73 7% T84 | Chiness Gont Chi Unlon Station 4¥s. % & tinental rates; it in quoted even now | untarily or involuntariiy. win en- ||| Shares, $2.50 Per Month prices up five points or more. Atlanta Bir & Atl. 8% 3% 8% 8% | Remington Typr... 31v: 31% 7% h-,,nemmn““%. CCC&StLref6sA... 101% 101% within 4 cents of the year's high-)deavor to raise money by outside Favorable Outlook. | Atlantic Coast Line 116% 117 16% 117 | Replogle Steel. 2% 8 3 38 | Crechostovanis s, Cleveland Term 5%s. .. 10% 105% gt and it 1s up 26 cents from where Joans. secured by epecific national The outside news, apart from the | Atlantic Gulf. ReplIron & Steel .| 75% 13% 78 8% | Danish Musioloers Cuba RR 58 e 884 falood stime DeRuning of 1928 Wil lasaels. BUILDING ctrike developments, was favorable. | Atlas Tack. RepIron&Stipf... 9 w4 9 i L Del & Hud 15t & ref 4s.. 8% 8% | the German mark was worth Afly_six| Summed. there does not seem at the | T.atest Washington information :hat | Auetin Nichols Rep Motor Truck 3% 3% 3 3 :Deng:"‘} 8s Del & Hud cv bs. . 98% 9% than ';v;{‘}:u"fdrfl Sent, 4 against |!=;: moment, any limit to the deprecia- 915 F St. N.W. the bonus bill was not likely to be! Reyuolds Springs. 29 29 29 Dmcnflrl;}:fx : Den & Rio G 1st fef bs.. 48 4T% 15 at preseng caths of a cent, as it} tlon in German currency. 1f, with or ||| JOHN JOY EDSON. Prestdent repassed over a veto. was decidedly | Baawin Loco. Revnolds (B)..... 2% &% 624 6 | Dutch Eaat ottt Detroit United 4% 8 Possibly It Is not vet a conclusive | tiona cammicsion net sreps (0 ||| FRANK P. REESIDE. Secy. welcome to Wall stree ad no | Balto & Ohle o eynolds pf. s 116 B Erle 1st con 48 test, but so far as it goes, It does|seeks o o8 immediate influence upon liberty |parnicqai (A).. Royal Dutch ok ie Erench Govt 8 Brie e ezt s . to reform the German fiscal ) | ; 3§ : 3 2 gest that fears of what will han- | arrangement i Londs or upon the rest of the bond . Tench Govt 71 > 4 : ; S gements and stop the emiesion Rorting factis in tesiling Brit Em St 2d pf. StLaSanFran | wn o W% Paiese ds Erle conv 45 D a good deal exaggerated. The most i i Exchanges Firmer. Bklyn Edison S San Frpf.. 5% 64% 64 Erie Genessee serious reaction has naturally occur- us Conl the Factor. red in the French financial situatjon.| Settlement of the soft coal strike St Louls Southwn.. 3% 4% . 33% St Louls Sown pf. % So. too, the check to the dectine of | o ¥IbrC Pon Lt the German exchanges was helpful. | FEYR RaDiG Tl The break in German exchange dur-|was not followed, as anticipated, by | Great Northern gen 7 able advices that the German reichs- 2 Savage Arms. o1 ing the last few days nas scarcely i bank had sought to stem the panic 'BKIyn Unlon Gas. - Seaboard A'r Line Montevideo 7 SrontNorthgen i been more violent than the hreak in| 27 amicable arrangement with the Burns Bros ( . ireen Bay & W deb B. .. Fronch cathaobe. whiss. nat Only hae|bard coal mines. The shopmen's Nether Norway 8s...... Forto Alegre 8s. by dumping over dojlars and foreign Seabo: securities in exchange for marks ard A L pf. Sears Roebuck. Hudson & Man ref 5s... Hudson & Man adj 5s. .. | Butte Copper. e iy the entire improvement of the year|strike. which a week ago appeared in been lost, but rates are bick to where ja fair way to adjustment, is now to han o of nur elients Tost as much unted for the recovery from Friday's Sentca a fow of 00045 to .00055, the quotation | Butterick........ - gh,u“gf_"::;'z-an- l;:f % l;:i Prague 1L Central ref 4x 1 % they stood last autumn. In fact in noy be fought to a finish. 5 v as a single penoy in either prin- today. i California Pekng Sinclair Ol i S o g, | Queensland 6s ill(u:ualls;,;n‘. o 1014 Week yet have French finances shl\\\'n! these o 4 cipal or interast when investing Features. H 2 S =HReda 2% | Queens kel $ nterboro-Met 4125 ctfs 14' themselves so eensitive to the Ger- e ‘.\::r:e:ml'r;-“n::‘!”w T “(:n}:xt'?‘rrllzliertl;v.:l.. o :]k;flll; s(;:‘e'mem s lo [?fvof!'::::?m 5 - ¢ 13": inter-Met 4153 ctsta.... 14 1448 man collapse. E In Our First Mortgage number of interesting features. The | canadian Pacific. . 145% Southern Paciflo, .. w4 " | Rio de Janeiro 85 ret 9% s Tranmtos (RN French Policy Deemed Uawie. | 120 S0 mining ls the blg thing in Notes publie utility group was notable for | Gace plow Works. | 6 Southern Railway . Rio Grande Do Sul 8. P T arent A B What will happen if France carries | jhv; Situation beside which the an- new high records in North American c.,irg) Leather... 41% | Southern Ry pf. ... = 10015 SR ® out her threat and seizes the Ger-| ot the raliwas shopmen are oo ot oy M stabTiaga TDeticy o vhic on e invest- ¢ . = Sy 0 5 4 bacco stocks, which on the Invesl:!CentREofNJ Standard Mill. 8 Kansas City Sou 8§ 1950 2 = — output there will be no interruption (o rlte or call toan depertmet fenk yisla haye begn aell Cerro de Pasco Stand Ol of Calif d 1087 Kansas City Sou 58 % { in the industrial life of the nation e Lo 'An carly decline in Studebaker was | Chandier Motor. Stand Ollot NJ. AR e o o Long Island ref 4s. . e COTTON IS REACTIONARY | so. teo M e T Notes of $250 = P K went es an of N 3 Jtd King % = 18l e B H not caused v en us far Speedily checked and the stock went | Ches & Ohio. SEsa ol et Ior. Utd Kingdom 5329 . 109 Touls Nash unif Ao UNDER ADVERSE FACTORS | ", [7cieht movements " Figures on Up to $5,000 ‘American Telephone and Telegraph. Stewart-Warner. Utd Kingdom 5% 37, o Market St Ry con 89% Meinunias e makel{hiy folenr Now on Hand with a further recovery, continued Stromberg Carb. { Uruguay 85 1946. 105 106 | v et 4 % NEW YORK, August 26.—The ad- | Meanwhile the strike is hlready ' 10 reflect a revised view of the new 6214 62% 624 | qepaver Zurich 8s...... % 15 |yhgsir ';79 b vance on bullish weather and crop | Practically won for the carrlers on financial plan, which is that the new 21% 2 2% | Submarine Boat, . iSCECLANESUS % ;IP&H&?M'»;:“ 101% ndvlfie:’ continued until _prices ,';;’e’:;p:{a;h’e ':’1’5 sastern lines I,nd trt'w C D g = s 3 that R % 34 - 3 con 5s. reached approximately the 23-cent employment in the has Sa tock will be readily taken and o Superlor Oil. ... MStP&SSM6%s..... 105 105 level. at the beginning of this week. | rallway shops elsewhere is graduall ) * ger the extra dividend requirements will At 2299 for December, representing | increasing. 923 15th M. 36 {Am Agri Chem 7s. 104% 104% be easily covered from the increased 8% 88 88% A Tevenue after the expenditure of the W u% u% ;::::ngxg'e;{x;}." '}m Steltingiat be; 00 an advance of 294 points from thel Busmess e e Sonainad Tayeetmants proceeds of the offering. [CHiRI&PG6%p.. 85 85 8 B |Toxas& Pacific.... 3i% 31% 2% Am T:T:a{fil 6’s T el he fl‘&:’?&’éé”'r:&‘?fiff" and | coal strikn has been partly respon- North American. !ChirlePinpt.. o &% Si% 9% |Texas& PC&ON.. 23% 5% i T T e there have been reactions sincs then | Sible, but in the main it is the natural North American continued its re-{CStPM&Omaha 79% 7% 79% 9% | robacco Prod...... 65 86 65% Am Tel & Tel cl tr 4s 3 under liquidation for over the ap- |Slow-down of the midsummer period markable advance and was easily the 'Chile Copper..... 3 34 3% | Tobacco Prod A... &5 &5ty 8% Anton Trgens v 68 a1 proaching government crop report (Copsright, 1922.) feature of the day's trading. The last | Chino Copper. a8 3 5L | Tobacco Prod pid 105t 1054 105t Aot oy and scattered selling. The latter is 10 points of the rise has occurred Ciuett Peabody.... 58 ~ 63% 63 €3 7o StL& West... 62 62 62 AQahtic Bt L supposed to have included some within the last few days since the|Coca-Cola.....-.. 7% T4 2 T2 |ooiSiT.8 Wped.. 64 64 54 AtAHO R 8% N Y Central 7o hedge selling against early new crop publication of the report for the Year |Golo & Southern... 48 48 48 48 [n0 e bra T T oy Atlantic Reflaln 9 NICanmalin.. receipts, while the disposition to ended July 31. on which it “‘“bflfl"canmmnGm L 101% 1021 101% 102% A untdcl»efimnx 6. 108% N Central geb AR close out long accounts is believed ured that over $22 a share had been | coumbia Graph © 4 & 4 luplonBaskPapr &% 6% Barnsdalls {83 4.... 5 e 10 [ NX CeRtialistinipas. ..o oo to have been promoted by the fail- carned on the stock. { Comp Tabulator... 68% 63% 68%a 68% | ynpaOn 5 2 ell Tel Pa 7s... “ 108 1o6%/} Nww Haven cy aehi6d’ ... - *! ure of trade demand to develop more N 138 leb 6s. )3’ o | 8 T inue eterioration In e crop an Another Ju\infirln ’lh;eqv“noc!:;:?:: ;::vgonag:;‘?lr:.‘ l::% l:‘o) lfi“l o United Drug. Central Leather 91; 931 [ Norfolk & Westconds... 88 @ ¢ the outlook for low end August con- 1 pipe is furnishing the ! ons 3 % United Fruit Corrc 8P anso 8y 1215 121% | Norfolk & West cv 6s. ... 116% 116% dition figures. 2 L e e (e g 1 | United Ry Inv pt. .. Chils Copper 6p. .- Sin s | Northern Pacific3s...... 6% 6% The labor mews has also been re- | (4 K S i United Retall Strs. Con Coal M1 1st ref 5 o1 91 |Northern Pacbs temp... %% 9% garded as a disappointment to bu have maved up rather quietly in the | Goaden & Co. . lust week. The earnings this vear!c o "o ooy zive promise of being the largest injcred Sidol - 4% 4™ 6% 4% |75 CastIr Plpe. . 25% 2% 2% 25% | (g CastIr Ppf. 95% % % 3% | S Food Prod ers of late last week, who. had ex- We hav 5 pected settlements of the hard coal ve about §1,000,000 to loan at 5% per and railroad disputes to promptly cent upon inside business properties in Wash- Cuba Cane S cv deb 83 @ g3 |North Pacref imp 6 Detroit Edison ref 6: 10s% 104 | Ore-Wasa 1stret ds Diamond Matca sf 7%48. 10sts 103 108t | Paris-Lyons-Med é; the history of the company. Crucible Steel pf... 9% %% % %% Sl . US Indus Alcohol . . 7 ! 5 entis Ty follow the agre in the Remington Typewriter. CuvamAm Sugar.. % % 2% 2% | S ey Du Lont de Nem 7% T logk [ Dennsyivania gen 5a. A st T ey have acsounced it to 40 There is a possibility of dividends|Cuban-AmSugpf. 4 84 9 8 |y SRubber. Duquesne Light 6s. ... 1044 104t | Bennsylvania e ” for some of the selling on the reac- tngion up to per cent of value, or upon helng resumed by the Remington |CubaCaneSugar. 14 14 13% 13%|( S Rubber 1st pf.. 104 = 104 104 Lmpire Gas & Fuel 7%3. T % sylvania gen 4363, .. 0% MW tions of 70 to 90 poinis from the top. . = Typewriter Company later in the year e o ot isk Rubber 88 107 ¢ 107 |Peoria& Eastincds..... sth 3% livehile the weakhets of central Eur apartment properties at not to exceed 35 per cent or just after the turn of the new |Davidson Chem. o eieies e, 100 105 ‘ ramerican 1 D % 931, gay | Pere Marq st Gs. - 1001 100 pean exchange rates has naturally e anta are dald to be rine| Bobeats .. g:::(s:::‘m;i” :g:: oY oo Francisco Sug 1148 42, 1015 10134 | Reading gen 45 8% 6% B6% | Dad an unsettling nfluence. The lat- of value. Loans made for 5,years, or in special ning at capacity. Del & Hudsor: 8% 18 Gen Refactories 6s. ..... ny it D CERIO IeRE CUAR R O | ter, coupled with advices received by 10 The Closing. Del Lack & Wstn.. 182 4 N ansdiinCorp: e, 500 5% -5l Goodrich, B I, 6%s t c. 02% 1025 g the Department of Commerce to the cases 10 years. In the last half-hour Wall street |Dome Mines.... Vivadou 1% 1% 11k giw | Goodyear Tire'8s 31 1007, 100y | ScIMEBRE effect that Germany’s takings for the trading became more active. The | Dupont (E.L) %, ie s | ivanasn f"“d"““" 8541 us w5 ISy ksF::i:‘ Hefmare 1’#.’;2‘."‘%??’r’.ir“fién‘ufi‘;&xé‘n’ f incident was the violent decline | Dupont debenture. H ‘abash. .... 2% 1B% 12% lolland American s f 6s. 83l 884|510 o vide: w H s d & C e I Tammts In Consolidated| ! _ | Wabashpf (A).. 0. 3u se s HumlleO& R5%awl. FeEdnFinces ATl B el A m. 1. daunders ompany o e hommon closed one-half | Eastman Kodak.. % 8% 8% 8% |Western Elec pfd. 108 108 108 ol el an unfavorable effect on sentiment as above the opening. Electric Stor Bat. Tk (1% 1% {74 | western Md LM% % 1 Inter Mer Marine 6 Set T e Liverpool /and 1433 K Street N.W. Railway shares, mostly redeemed |Elk HornCoal..... 2% 21% 21% 2Ua | \yegtern Pac D204 20k 20% Inter Paper 1t 58 B B | D&SEpElLEs Manchester. of the other hand, have ik ground iost at the start. Endicott-Johnson. . 8% | \western Pacpf... 62 6 62 6 |Kayser (Julius)sf7s 106, ;1067 | SanAntonlo& A B 45 been commented upon as pointing to Erle......ooot f;:', Western Union.... 115% 117% 115% Manati Sugar s £ 1%s. .. 9ty ooy | Seaboard AL ds (sta). favorable British trade conditions. | GRAIN MARKET HESITANT. i ;-tnr- 19 19 19 19 ]w”""“E““' 6% &% 6% Marland Oil temp 7%s. 2% 112% g::m':‘t and some buying for both Liverpool »|Erle2dpt... . Wickwire Spencer. 15% 15 15% Midvale Steel 58. 3 0% 0% rd A L con €s. and continental account has been re- Famoup Players... il 9% % s |WisonCompany... 43% a3 ag% Montana Power 5a. .. ... % s | Sou Paclfc ref 4 ported around the local ring. So far, IN SPITE OF RECOVERIES RO Blayerspf. 1007 102 100% 10z |Willys-Overland... 6% &% 67 ew England Tel 53 w 1. W% 99 g“:‘:"m" g;s::;'*. three of the private end month con: CHICAGO, August 26.—All grains |fed Mines&Spf.. 63 63 6 68 Wll:&r;slntCer;’t'l:L sy 3% 31 w York Ed 1st 61¢s.. 111% 111% 111 | podtiom ‘ad] 5 g,'ll':;;'“fl’rgg:fls;':‘ e ‘;"" ‘:{‘i"‘;‘“!‘:;,; registered siight recoveries this week | Fisher Body. 2 w2 w2 2 |WorthingtnPmp. & &« New Yogk Tel 63 1941 wew w1 | 1o AVen o R e s i o 10 from the extreme depression of the pre- | Fisk Rubber. 121 2% 124 12 HOURLY SALES OF STOCKS. NocthiAmner Batson € % 34 | ynion Pacific 1at 4s, P 500,000 1o 11,479.000 bales. The @if- | vious seven-day period, but the market | progport Texas.... 23 8% 2% 23 SRR e e T - Nor Ohlo Tr & L ref 6s. % % | Gnion Pacific cv 4 %% o1 ference between these extremes re- was hesitant and without leadership by <ee 364 600 Northern States Pow 5s. MY either slde. Wheat was 5% to 1% |Gen Asphalt... higher this morning than a Week a80: | Gen Asphalt pf. corn was up % to 1%, and oats % to |Gen Cigardeb. 1%. Provisions were unchanged to 1732 | Gen Motors. higher. 5 —_—— ) 3 flects_similar uncertainty as to the S Northwest Bell Tel 8. .. 107% 107% 1% ‘Gfi-‘:;::i:c;‘:f;.‘;s. i probable showing of the government ok doow o Lo g BB R | western Maryland 4s. ... report which is scheduled for publi- econ rus (1) es + 1026 (e J0o diek Otis Steel 8s. 101 101% | western Pacific b % 684 8%| cation on Friday of next week. #erae R Pacific Gas & EI 2% st | wre 18 T E ref 4 3%, u% In the opinion of local brokers, how- Pacific Tel & Tel pothieny s ever, the average expectation as to | the bureau is a shade under rather Are Purchased by Uncertainty over the European situ- | Gen Mot 6% deb... 814 8% £l 6% . o ation, both as regards the financial | Gen Mot 7% deb. 93% 98% 9% 934 Pac Tel & Tel 5"‘;6 3% 83% TOTAL SALES (Par V. P ea over'a conattion of /60 per cent. 2 situation and the probable demands for | Goodrich. . . presaibessapedsd | Ehiladelphia Co ref 63 A. 101% 101% 1lam. grains this year, dominated wheat, hold- | Grony v Gonsol pocty e Public Service 58. 81 81 12 noon. S g the swings o marrow limits. Ex-|Gray Davie T Punta Alegre Ta"37. . 109 109 109 i e, | WEEKLY WOOL REVIEW. port demand was slow. Improvement ‘North t. 93% 9% %% 93 Remington Arms 6s 1932. U % i e atlo 0) age an in the domestic industrial situation wi gx: N o::"" A e du Sharon Steel Hoop 8 . 8% case TREASURY CERTIFICATES. BOSTON, August 26.—The Commer- 2 bullish factor, and gave the markel |Greene-Cananea... 2 82 32 8 | NEW YORK. August 26—Further Sinclair Ol T8 1 o0 | (Qutations famished by Bedmood & o) clal Bulletin's review of wool trade . et OBEE Fomimion £ ol o |GUSTATOSN M B0 I SO et o By | S Gruae ol g B2 B gar o 10 o B At | wool markes nas_contnues Investment Corporation = e 4 A roup were incidents o e day on 2 B 3% i 3 . . . . K 8 ::?“r:":!;:n l:‘fl]uk::eb“i:(::raol‘ vg:)er:t SulESEa L e l‘h? qul"b exchange. > Southern BR‘|“ Tsel 551 9 99% 99y h: Kl‘:mé:r }g‘ %gg :fiuaz modera(;ly acli;reh Wi!hh grlces lg!l'lh rp = = Standard Oil of Indiana had closed | Sou Porto Rico Sug 7s. 3 108 108 cember 15, 1922 32 erally firm, althoug ne staple e & = = Thi Mareh 15, 1928 100 11-82 1 wools have been forced to yleld| merce Department that Europe's im- ports for the current year probably would be considerably under last year's were principal bear factors. Low prices g5 8 8 8 |Friday night at 114%. It opened this | Stand Oil Calif 7 106% 106 79 179 79 19 |morning at 114%, then, under a wave | Tide Water Oll 6%s. 103% 108% une 15, 1924 21% 21% 21% 21% |of selling, sank to 112%. At around | Union Bag & Paper 63 99 99} {5 leptember 15, 1924.. 9 % 9 9% | this level supporting orders were en- | Upjon Tank Car 7s. (3% 1033 | 438 March 15, 1625. . une 15, 1923 100 7- 100 3-82 1( 1, slightly gn account of the competi- 102% 6198 o eltion of “foreign fine wools. . The 1015-16 101718 | Lawrence mills affected by the strike 100 19-32 100 G eem o) On A Fair Basis for the season were scored Monday on | Hydraulic Steel. a th tial re- q s December' 13, 1925 32| are gradually resuming operations. all deliveries, but the dip brought out | 0@ o i e e e USRealty oo 4w | 4388 NSRS Piong 101 1816 101 3518 | alttough no marked improvement in heavy buying and a strong upturn fol- { Fnols 1ot 112t 11214 11214 | substantial net loss on the day. Stand- | U S BubDSC S 04 90 | 4105 September 15, 1026.... 100 00716 | the demand for wool is expected until i ey B Um sy |ard Ol of New Yoric sold at 436, as|USSCe P Vi Lol ) = after Labor day. The trade is natu- weather and crop reports, and held firm | Inspiration. a% % % |against 441 on Friday. Standard S| va-Car Chem 7%s ‘32 106% s00ms SHORT TERM SECURITIES. rally inclined to' wait more or less to 811 Vermont Avenue N.W. on the bulges as news of serious de- | Interboro Metro. 1% 1% 14|Jc byt it, too, came down a half point | Va-Car Chemical7s. .. w% %9 (Quotations furnished by Bedinond & Co.) | tariff will be on the part of the con. terforation in some important sections | interboro Met pf. .. 4 4 4 lor go in sympathy with other mem- |Va-Car Chem cv7%swr. % o —Close— | ference committee. The foreign mar- became more Insistent as the week wore | [nt] Combustion B. 28 2% 2% bers of the group. warner Sugar 7s. 03 100% Bla. Asked. | kets are very strong. Yorkshire hav- on. Export demand throughout the en- | iny) g Gt Northern. 23% 2% 2% | Independent oils were dull, with New 118% 1184 | Aluminum Co. of Amer. Ta 1925 104% *T04% | ing marked up prices on merino tops . tire week was practically negligible. 110 110% 110 |England Fuel a shade lower and 108 108 | Aluminum Co. of Amer. 7a 1933. 106% 106% | again. Interest centers more imme- e o e 14% W% 1% |Citles Service preferred -and Mara-| weion & Co 1at 1% 101 | Americen e & T G NG5 1008 i01n |diately on the eale of the East India only = 5% 6% 58% |caibo holding steady. There was a o cv 6 ok 1% | wools to eld at Liverpool, com- L AR i im 1m% |moderate demand for Salt Creek at a | Neom & OO O s Tida e b 10" 1034 | mencing mext Tuesday, when ' 38,000 There was no eme 57 6% (8 |fractional advance. 104% 10435 | bales will be offered, of which a falr in the provisions market, but prices see- T T == ‘Anglo-American Oll Tiyn 16 1w | proportion. will be suitable for this sawed on hedging transactions. o Miscellaneous Shares. Armour & Co, 7s 1830. 106% 1055 | Phontry and are free of duty.” Iron Products. 8% 82 8% | New York Telephone on small buy- Atlantic Ref. Gie 1931....10 103k 100 The Safest S i Earth ARMS BUYING MOTORS Istand O % % %|ing orders, rose to a new high. Gold- Betiiehom Bisel e 102321000 doudl ot The Sa est Security on Eart o vt P S VRS 1. i ‘anadian 124 - 011 = =112 3 2 ; RF s feom varlous sections of the |8WeL Toa DL i ool 6 65 | e e e d M y ORI M Phillips’ First Mortgages are all for less than e Toglcal mid: Jomee o AT S 08 Ironihsla i butrestising apsire Copper Export A 1008 102 oney to Loan 50% of the ready market value of the property. country show a loglcal midsummer & Gult C % in the radlo issues, carrying the com- Copper Export “A” 8s 1085, 108% stagnation of passenger car sales in | aneasd BHNCS-- 8 0, (G, [mon below 5 egain, 3 1oy luin Becuret by frst deed ot et onenses ™ || They offer you— the larger industrial and mercantile | Ka¥y8er (S IR0 - - Intercontinental Rubber was sup- T losy loaw b I Weller 20 Wash. L. & Tromt | Kelly-Spring Tire.. 43% 43% 43% 8% | ported despite the announcement of . F. Goodt = 03% 1034 | Joseph I. Weller3ig,. o asa r now. 1. Absolute Safety. cities, but buying is gaining i.. the iie)ly-Spring 8% Pf.10)% 100% 100% 103 | opposition to the company’'s reorgan- opns e e o : = - 2 agricultural sectlons saye Auto- | gennecott. T 86% 1% | orran Blan. X g fis e v 3 B +3 ,ms 2. Reliable Security. motive Industries n ns ar s e ey By Spectal Lease: 3 R sirong that unless a_continuance of | Kevitons re: 108" 1 1 leager i the. minime depariment | NEW YORK, August 26—Bond | KSR Gy 0% 14| We Offer for Investment 3. Liberal Income. the Tall difficulty adversely afrects establishing another new high record, | prices moved irregularly today in & f Livby. MeXa i ol o0 Real E Not 4. Insurance Against Loss. e et et and Tagrchants | Laskawanzs Steel. Tk (BK) % ik moderately active markel . soldiers | New ¥ors ¢ ot iosstt - eal Estate Notes | 5. Protection Against Depreciation. will have a fall and early winter EaMeEres Wt 1" m 1 3" |FINANCE AND TRADE NOTES.|vonus legislation would fail to be- enoa, R, B 7 1080 108K 1108 || of responsible makers secured b7 tat lien 6. Prompt Payment of Interest, s vigorously holding s own, b o X . timulate tradin '3, - & - - 2 = e basla oF season comparison, with I‘j:g&‘;‘fl;{r A s | A $3.000000 lssue ot Chicago folnt come law Al not . Eovernment | S Jore 102% | B T, 7. Repayment of Principal in full at Maturity. i = A - K 1 ban! e t f 1 = e . . e g e o reduckion furey. Ap. | Lima Locomotive. . ‘6% &% 1% 6% |honds of Tilinnis and Towa was over. | Er0uP: where, auotationg ers Surecs | Bulfe & & ycat Ing lag|| TEOCT AN TRET Choice First Mortgage Investments parently is all over. Generally indi- Loews Inc... 18 8% 18 18% | subscribed within an hour after the the preceding day. St. Paul Union Depot 5l4e 1923. 101% 101 ! lw l m Catlons” conirm the egrier forecast | Loose-Wiles. 8 s |books were opened. The bonds which Sirallariy. & partlal recovery in the | Dnion Teak Car 7 1980 - 108% 108 Bank of Bethesda, Md. $ $250 $500 $1, that manufacturers whose quantity | Loose-Wiles . 103 108 |run for rty years. were offered at % F h francs did not ‘B k 5 . “er__| ' production justified lower prices with- 103% and Interest to vield about 4 |Hrot Mour b e ernment and n- | yieriern Electrie To 21068 100l || hones: Clevelsad 1010 and Bethesds 81, Write for Booklet IT'S EREE out lncrlflc}nx fair pruflltné hlv: !:t Mackay Cos pf.... 67% 67 6Tl | per cent. df":”uf issues. In- fact, both the L“ 5 g ' B et — —_—r thelr lists for the remainder of the % SNty 6s and the Paris- *Called BSeptember 1, . {Call 3 ' Year, and that the rest of the build- 9% 8% 39%| At a special meeting of C. and O. fl.‘o’“ ".'nusofisegmmne-n 68 touched | cember 1, $Called October 1, 1622. | WILLIAM S PHlLI |IPS ers will rely on new models or public ’ A & 4% @ |stocknolders called for September 26 |their lowest prices of ‘the year . . acceptance of current models for | Mathison Alkill e @ a vote will be taken on the proposed |, 5%s of 1922 also thell” sales appeal from now untll the | Melatyre Poreu e B ot Th00un0 ot retereets. {onited Kagdom (0% DRY GOODS FIRM. Safe Investments 1 ws. New models for 1923 are 2 . A e . . making thelr appearance every week. | Mexican Pate o I tecos e b oL tod bwant toas Tractions Firm. 2] o : 1409 New York Ave. Main 4600 Mexican Sebd ctfs. 1K 1% 1ok [hours ended 7 am., August 24, totaled| In tne traction group. Third|Little Chang i fwotien Let us manalge SOUTHERN PACIFIC NET UP. [Miami Copper..... 2% 30 30 |97.000 barrels, of which Mexican Sea- |Avenue adjustments were Nearby Deliveries. * | Middle States Of 18% 13% 1a% | board produced 23,000; Gulf Oil, 38,000 |at & new high and ths‘ I:é&rl:&rlo%rh 24 Ve your Rental Prop- Southern Pacifle, In its July, 1922 | MiavaloSteel. ... 8 W % i | nd Mexican Petroleum, 36,00 barrels. refunding o after & frastio el S e T I Ot report, indicates a decrease in gross P M. Y 5 3 e e Teventes, compared with a year ago, | Mo StP&88 Toe T | Arbuckle Brothers have reduced all | Among the speculative members of {The Ot U e ter of a Century but an increase in net. Gross income | 3t & T 1at pd, ... “ grades of refined sugar ten pointa, to | the railroad group the ‘Eries & week with price advances well re E : & for July was $21,664,974, a decreaso | MK & 1st pd. o &, @Al650, and announcement 1s made that|Weak epot and there was pellng i |tained. Little change was shown to- xperience.. FIRST MORTGAGE NOTES | _ of $962,533, eompared with July, 1921, | Mo Paciflc. % | they are In & pesition to make imme- | th® Missiourl, Kaneas an day in spot and nearby deliveries of was $3.889,327, an_increase of $435,- ) 3 5 572, c’omwred Tith a vear ago. This :‘"‘"‘;'(“'!" Ward. s ":“ a% 1% Arrangements are being made by Vet hll’h"-dhlf:g“fi“"':: fiz’.k Island, | geliveries commanded a premium of > FOR SALE was largely accomplished by reduc- | Moon Motors. ... 18% 13% [Royal Dutch Shell interests for con- | Arkansas and Lou 3 -eighth cent In most constructions. W. . ing rallway operating expenses $1,- { Mother Lode Cltn. 11% 1% 114 n% trastion of & pipe line from Induptrial bonds were featureless.|Oone-elg! R Snnt con 1412 Eye St. N y o jeneral Asphalt, in the Menegrande £36,442 to a total of $15.816,458. For (] first seven months of 1922 year gross | Natl Enameling... 9% revenues were $141,792,193, a decrease | Natl Lead 106% of $11,083,679, compared with the corresponding period a year ago. Rail operating expenses stood at $107,986,061 for the seven months, a decrease of $16.771,798 against a year ago. Net rallway operating income was $20,931,851, an increase of $4,- 118,977, compared with the first seven nonths of 1921. CURB SEAT AT $8,000. A& New York Curb Market seat was sold for $7.800, and membership of another has been sold for $8.000. This | otis ix equivalent to the highest price paid <= 2 memb ip on the, exchange.. structlon of & pipe line from oil flelds | Industrial bonds wers fCafurcless |y "sohbing trade was in the market Mt 2100 area in Venesuela, to deep water. It|slightly to their highest price of the | for sheetings, and bag manufacturers ain is estimated the pipe line will not cost | year, ] were making inquiries, Bateens were - = e el it Ouipdian 1’::“; a it tis s i showea ; | D s and Royal Dutcl ell interests al- reyinol on! were i | 00 DOLLARS AN UPWARD! Sealy “ate hippIng - fuel oll from | sto el RO active thls weel, |Interest in tire fabrics, aithough not & Curacao to New England points.’ One York market. Manitoba |inclined to make bids which mills hundred and fifty ghounnnnrr s re- %': ;’:‘.1:;%"5:: 100% bid offe at T, w consider, | centl; el 1 to Fall River, 93 01: " o ilks | I . 1::-.' were pped to Fal ver, ’ofl 1 10134 Ffl'&mfimffi'fli’-w tone of Prods {N DENOMINATIONS OF SHITR N FH L common of record September 7, and of 1943 'were 107% bid, NEW a 2. et . 4 condition of the :fm(n‘ house banks | : %; ' 2 Sz:llll! to holders of common on same dates. e d trust companies for the week | ¥ 7207 wa ¥y ' A or Pt . 1 jucts was e s e s A RSB | | Tongett T v % ividend o 3 La ‘. able Gotaber. 14, In-cash, to holdars of o 4 the 6 : ~ 210 a dividend of § per cent, payaple | Sasi’ g AN A75 after pr ows tha E in e d COI0E %WJ‘:"’R’- is |1l “Car fo “derre: 3581300 from Tast] 102% bid, offei 2%, an NEW TORK BANK STATEMENT. on special stock, $10 = share, at par,