Evening Star Newspaper, May 14, 1923, Page 24

FINANCIAL MOVES IN MARKET VERY IRREGULAR U. S. Steel Drawing Special Attention Among Traders in Wall Street. BY STUART P. W Fpevial Dspateh to The Star. NEW YORK, May 14—Price varia- tions on the stock exchange today once more represented the conflicting operations of rival speculative groups much more than any real expression of opinion by the investing public regarding recent business deveiop- ments. Professional operators working fo the decline made all tha capital po sible out of reports reo steel centers over the These told little, to be street had not been Yet they dwelt with more e upon the fact that, with the excessive shipments over ncw busi ness received, it will not be long be- fore the railroads. the huilding .n- dustry and other big consume be provided with all they need for months to come. Cut Feared in Steel Output. It is quite possible that this will lead after a while to a general cur- tailment of steel mill operations and probably some reaction in prices. But steel buyers are not loaded up as they were three years ago with priced supplies and contracts. railroads announced two months ago that they were in the market to spend $1,500,000,000 on their proper- ties and not half of this sum has vet been put out. In the building trades, despite the recent postpone- ments, the current volume of business is_enormous. Under these circumstances the readjustment now going on in the steel industry, aml likely to continue for a while longer, cannot be re- garded as virtually serious. Cer- tainly it has no such serious pos- sibilities as to warrant the oblitera- tion of all, and in some instances more than the entire year's advance in the steel stocks. There is another consideration, and this is that the steel t tuation, if not in a class by it least duplicated in only a few other im- portant lines. One of these is cot- ton goods, about which a good deal has Deen said lately regarding rested mill activiti But the sus bureau figures on cotton con- sumption, out today, show that while there had been some decrease from the record breaking total the fall off was comparativ The April total was 577 against 623105 the compared with 443,509 Retall Trade In the great retail tra there have been no week end. gh The ood. de_gen; igns of lat overstocking of on the part of the sellers. This ce from the rproduction has not vet d in the oil trade, but successive cuts in mid- de and the three in crude—the last an- nounced today—output will soon drop to the level of consumption. At lez this was the judgment expressed the stock markct of the day, in which the oil shares paid no attention to the price cuttin, ome of them. indeed, were leade: the rally. Heavy Buying in Can. Buying of American Can was per- sistently maintained throughout the afternoon. Studebaker, in which the short interest is particularly heavy, went with a rush once it started for- ward, and so did Baldwin The shorts in the which have not had an e it lately, found it difficu until thése stocks had been bid up two t othree points. The bears succeeded in keeping Steel common around 98, occasionally pushing it below, until after midday. Then they commenced to beat treat. Bethlehem steel, Republic Giuf | States and other members of the group were carried along. | California Petroleum continued the leader of the American oils, but the action of such stocks as Cosden, Phillips Petroleum and Marland sugz- gested that large interes re tak- ing advantage of the p: trade to reaccumulate tributed two and _three months ago. Specialties like Mack Truck, Mathie- son Alkali and Timken Roller Bear- ing, which had been carried down under scattered liquidation at the close of last we came back | promptly. The interests handling the market for Corn Products appeared o be in complete control of the move- ment of that stock. g’ Jn addition to Canadian Pacific and New York Central, other rails that showed a continuafice of special 1 spiration on_the upside were Pitts- burch and West Virginia and Pere Marquette. But it was a matter of disappointment that Southern Pacific should have made practically no r sponse to the 1922 report sho earnings of over $9 a share, which er $10.000,000 to be c lus” account after every deduction, including dividends. Prices Best in Final Trading. The leaders closed well up to their best with net gains of two, three and four points. One of the features of the late aft- ernoon was the sudden taking up of railway shares, especially New York Central and Canadian Pacific. Talk was_renewed of a dividend increase on New York Central as the stock crossed 5. The market ended atrong all around. (Copyright, 1921 EXPECT TO TAKE PART IN BIG AUSTRIAN LOAN U. S. Bankers Await Definite Pro- posals, Which They Think Will Attract Investors. By the Associated Press. NEW YORK, May 14.—Local inter- national bankers ~ appear confident that America will be asked to partici- pate in the proposed $130,000,000 Austrian loan and state they believe the loan, if made, will prove attrac- tive to investors in this country. No' definite proposal relative to the loan has yet reached this country, but Paris dispatches disclosed that Thomas | W. Lamont of J. P. Morgan & Co. had conferred with Austrian officials at the French capital on the subject. The bandit outrages in China, it is thought, ended all chances of floating a Chinese loan in this country at any early date. Chinese government rail- way bonds reacted slightly as a re- sult of the publicity which attended the derailing of a train and the kid- naping of a number of foreigners by the Chinese band. NEW YORK EGG PRICES. NEW YORK, May 14.—Eggs steady; receipts, 21,927 cases. Fresh gathered, extra, fir firsts, 26a26% do., seconds, 1,; fresh gathered, storage packed, extra firsts, 2813a29 do., firsts, 271,a28; New Jersey, hen- nery whites, uncandled extras, 38a 11; nearby hennery whites, locally ndled extras, 36a3s; state, nearby and nearby western hennery whites, firsts to extras, 29a35; nearby hen- nery browns, extras, 31a33:; Pacific coast whites, extras, 37a39; do., firsts to extra firsts, 32a been corre with the four continent ¢ Pennsylvania 3 ed from the | tuation | t | in | Adv Rumley.... Afr Reductlon. . Ajax Rubber Alaska Gold. Allied Chem. Allls Chalmers. Am Agr Chem. Am Ag Chm pf. Am Beet Sugar, Am Bosch Am Brake Am Can.. Am Canpf.... Am Car & Fdy.. Am Chain A Am Chicle Co Am Cotton O11 Am Cot Ofl pf. Am Express. Am H & Leath. . Am La France. . Am Linseed Am Locomo Am Metals. Am Radlator Am Safe Razor. . Am Ship&Com. Am Smelting. Am Steel Fdy. Am Sugar. .. Am Tel & Telg Am Tobacco. Am Tobac (B).. Am Water Wks. Am WWKkG% pt. Am WWK7% pf. Am Woolen. .. Am Woolen pt. Am Writ Pr pf Am Zinc&Lead Am Zinc&Ld pf.. i Anaconda . Arnold Co Asso D Go Assoclated Ofl. Atchison. Atchison pf Atlan Bir&Atl. Atlantic Gulf AtlGulf pt. . Atlas Tack Austin Nichols. Auto Knitter, Baldwin Loco. ... Ralto & Ohlo. Bank of Com... Parnesdall (A). Batopilas Min... Beechnut Pack. Beth Steel. Bklyn Edison. Bklyn Un Gas. | Brown Shoe Brown Shoe pf.. Burns Bros (A). | Burns Bros (B). Butte Copper. .. Butte & Super.. Calif Pack. Calif Petrol. Calif Pet ctfs Calit Petrol pt Callahan Zinc. . Calumet&Ariz. Canad'n Pac. Central Leath. . Cent Leath pf. Cerro de P'asco Certain-Teed Chandler Mot. Chesap & Ohl {Chi & Alton. . | Chi & Alton pf. lChi & East 111 | Chl Grt West Chi Great W pt Chi Mil & St P. Chi Mil&StP pt Chi & Northwn. Chi RI& Pac Chi RT &P6%pf. Chi RI&P 7% pf. | Chile Copper. Chino Copper { Cluett Peabody. Coca-Cola. { Colo Fuel. { Colo & South | Columbia Gas. Columbia Gas wi Columb'a Grap.. Comp Tabulat.. Conley T Foil. | Con Gas new. Cons Textile. Cont Can. Continental Mo. Corn Products. . Cosden & Co. Crucible Steel. [ Cuban-Am Sug.. Cuba Cane S pf.. Cuban Dom pf.. Cuyamel Fruit.. Davidson Chem. De Beers. Del & Hudson. D Lack & Wstn. Detroit Edison Dome Mines. . DuSS & Alt pf Dupont (EI)... Eastman Kod Elec Stor Bat Endicott-Joh Erie 1st pt Famous Play. .. Famous Play pf Fd Mines&S pf.. Fisher Body Fisk Rubber. Fleishman. Foundation Cq. Freeport Texas. . Gen Asphalt. ... Gen Asphalt pf. Gen Electric. Gen Elec spl wi. Ger: Motors. ... Gen Mot 6% deb. Gen Mot 7% deb. Gimbel Bros pt Golawin Corp Goodrich. . Goodrich pt. Goodyear pf. Goody pr pf wi. ! Granoy Consol. Gt Northern pf. Great Nor Ore. Greene-Canan. . Gulf Mo & Nor. . Gult M & Nor pf. Gulf St Steel..... Harbishaw Cab. Hartman Corp. . Hayes Wheel. Homestake. ... Househ'd Prod... Houston Oil... Hudson Motors Hupp Motors. Hydraulic Stl Illinois Central. Indiahoma. 1Ind Oil & Gas. Inland Steel w f. Inland Stl pf w i. Inspiration. . Interb Rap Tr. Int Cement. In Combust B Int Harvester. .. Int M Marine pf. Int Nickel | 1ntl Paper Int Shoe. Int Tel & Teleg. Invincible Oil Iron Products. .. Jewel Te: Jones Tea. Kansas & Gulf.. K C P&Lt 1st pf. Kansas City S... Kayser (Jullus). Kelly-Spr Tire. Kelsey Wheel. .. Kennecott...... Keystone Tige.. Kinney G R.." Kresge (SS) pt.. Laclede Gas. ... LE & Wnetfs.. LE & Wn pf ctfs. Lee T & Rubber. Lehigh Valley.. Open. High. 13 66 12 % 10i% 9% 5% 83% 90 60 96% 25 % 29% 247% 13% 51 82 1% 84 39 65 35% 63% 26 ‘22 / 2% 109% 9% 10 40 104% 84% 1% 3614 24 84% 31% 14% 42% 70 66% 14 45 63 13 66 12 % 6% 44 20 44% 38% 41% 74 957% Low. Olose. 13 64% 12 % 65 43% 19 43% 38% 39% T4 91 109 168 24 8% % 19 17 9% 9415 11% 13 64% 12 % 6% 44 20 43% 38% 41% 74 95% 109 171% 24 81 9% 20 120 Y 97 11% 27% 136% 46% 81 6% 15 56% 87 5 122 146% 145% 41% 40 89 92 103% 21% 13% 48 45% 12 T4% 110% % 100 89 20 16% 13% 25% 25% 129% 49 290 20 » 264 | 83 93% 234 4 1017 24 31% 70 66% 14 45 19% 57% % 93 19% 33% 48 100 37% % 61% 112% 81% 30 68 27 62% % 57 155% 31% Tty 43% 5% 90 69% 96% 25 1% 30 25 13% 62 84% 1% 8 40 65 86% 56% 26 22% 2% 110 9% 9% 40 104% 84% 17% 37 24 84y 32%m 14% 43% 70 66% 4% 46% 20 68% 1 95 19% 30% 27 Mallison & Co. .. Manhat Shirt. .. | Market St R 2d.. Market St prior. Market St pf. i Marland Of1 Martin-Parry ! Mathison Alkill. Maxwell (A). Maxwell (B). May Dp Stores Mex Seaboard. McIntyre Por... Mtami Copper-... Middle St Ofl. ... Midvale Steel. .. Minn & StL (n). M SP&SSM pf. MoK & T (new). MK&T pf clA (n) Mo Pacific. ...... Mo Pacific pf. . Montg'y W'rd Moon Motor: Mother Lode. Nash Motor: Nat Biscult w 1 Natl Cloak & S. Nat Cloak&Spf. . Natl Dept Stores. Natl Dept Sto pf. Nat] Enamel. Natl Lead. . Natl Ry of M 2d. Nevada Copper. N Or Tex&Mex.. N Y Alr Brake. . N'Y Canners. N Y Central. .. NYNH&Hartfd.. NY O&Western North Amer. North Am pf. North Pacific Ohio Rdy & Blw. Onyx Hosiery Ontario Silver. . Otis Steel. . Owens Bottle. Pacific G & El. Pacific OIl. . Packard Motor Pan-Am Pete Pan-Am P (B Penn Coal & C'ke Pennsylvania. .. Penn Seabd Stl.. People’s Gas. Pere Marquette. Philadelphia Co. Phillips Pete. . Plerce-Arrow. Pierce-Ar pf. Pierce-Ar pri Plerce Ol { Pierce Of1 pf. PittsCoal... . Pitts & W Va... Pitts& W Va pf Postum Cereal. Postum Cer pf. . Produc & Ref Prod & Ref pf. Pub Service. ... Pub Serv (new). Pub Serv pf Pullman Co Punta Alegre. Pure Of1 Rand Mines Rap Tr Sec w. RapTr Sec pf wi Ray Con Cop. Reading. . . Reading 1st pf. Reis Robert Remington. . Replogle Steel. Rep I & Steel.. Rep Ir & Stlpf. Reynolds Spr. Rey Tobac (B). Royal Dutch. St L&San Sran.. St L&San Sr pf. 1 St L Southwn. St L South pf. san Cecil #ug Schulte Stores. . Seab'd A L pf Sears Roebuck. Sears Roebk pf. Seneca Copper. . attuck-Ariz.. ‘hell Union. Shell Union pf .. Simmons. Simms Petrol. Sinclair Oil. Skelly Oil. . Sloss-Sheflleld.. o Porto Sugar. outh Pacific. Southern Rwy.. Southern Ry pf. Spicer Mfg Co St Ol of Callf Stand Oil of NJ St Oll of N J pf.. Sterling Prod Steel&Tube pt.. Stew’t-Warner Stromb'g Carl Studebaker. . Submar'e Boat.. Superior Ofl. . Superior Steel. . Tex Company... Tex Gt Sulphur. Tex & Pacific. .. Tex & PCOIL. .. Tide Water Oil. TFimken Bear. Tobacco Prod... Tobac Prod A. Trans Cont Oil. . Transue&Will.. Union Pacific. .. Un Alloy Steel. . United Drug. United Ry Inv. Utd Ry Inv pt Utd Retall Strs. USCastIrP. USCastIrPpf. U S Hoffman M. U S Indus Alco. . USRealty. . U S Realty pf. U S Rubber. US Rub 1st pt U SSteel.. U S Steel pf. U S Tobacco Utah Copper. Utah Securities. Vanadium Cop.. Va-Car Chem... Va-C Chem pf. Vivadou.... Wabash. ......o Wabash pf (A). ‘Waldorf Sys ! Web & Hellbrn. ‘West Penn Co Western Md Western Md 2d ‘West Pacific. Western Union. Westhse EI&M. Wheeling&L E. Wheel & LE pf. White Eag Oil. ‘White Motor. White Oil. Wilson Co. ... Willys-Overld. . Will’s-Overl pf. ‘Woolworth. ‘Wright Aero. Youngstn Tube., *0dd lot. Call Money. Open. High. 84% 86 45% 46% 32% 32% 2% 2% 40 40 45% 46% 83% 33% 4% 44 47% 48% 16% 16% 3% 75 16% 16% 19% 19% 27% 27% 10% 10% 23% 2;% & 931 931 12% 18 36% 14% 34 14% 37 38 21% 22 26% 274% 10 10% 98% 48% 987% 424 55% 95 55% 95 40 94 40 94 64 65% 120 120 8% 3% 14% 97 14 95% 38% 324% 38 31% 921 954 18 184 17% 17% 20% 21% 45% 72% Tha 43% 615 10 43% 7% 3874 13% 2% 67% a1 44y 4% 89% 42y 45% 624 11 251 12% 3614 4% 25% 65 17% b56% 974 103% 51% 99 97% 17% 53% 67 18 31% 11% 38% 20 9 28 88 13% 50% 1% 24 16% 109% b65% 8% 15 25% b1 2% 81% T 65% 67% 2 pm, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Olose. 34% 35 45% 46% 80 81 72 72 40 40 45% 46% 83% 33% 41 4 4T% 48% 16% 16% 3% 76 16% 16% 19% 19% 27T 27 10% 10% 26% 27% % 8 98% 93% 12% 13 34 36 14% 14% 86% 38 21% 22 26% 27 9% 9% 987% 98%% 43% 42% b55% b65% 94 94 39% 39% 94 94 63% 65% 119% 119% 3% 14% 97 88% 32% 5% 18% 17% 21% 45% s 18 83 11% 37% 20 9% 29 38 13% b1 12 24% 16% 109% 55 8% 15 25% 51% 2% 81 % 66% 234 8% 15 26% 61 2% 31 T% 65% 227% 33k 83% 10% 10% 675% 67% Low. Last, 4% 4% HOURLY SALES OF STOCKS. 205 40012 m. 486 700 + 337300 662 800 WALL STREET NOTES. NEW YORK, May 14 —The soft coal 81% | output for last week is estimated at 10,200,000 tons agalinst 10,010,000 the previous week. The anthracite out- 63% | put was about the same as the pre- GENERAL DULLNESS | IN BOND MARKET Oversubscription of New U. S. Note Issue Chief Topic Among Traders. BY GEORGE T. HUGHES, Special Dispatch to The Star. ¢ NEW YORK, May 14.—The heavy oversubscription of the new 4% per cent treasury notes of 1927 did not help the general bond market much today. It s difficult to determine just how much of this over-subscription rep- resents application for larger amounts than the subscribers expected to be allotted. While the cash subscription has been closed, the books remain open for the exchange of victory notes, No market quotation was available today on the new notes, but the price at which the old victories s0ld represents the premium for the privilege of acquiring the new securl- ties, and this premium was higher today than Saturday. Meanwhile the general bond market remained dull and heavy. No sub- stantial decline, however, from the present level was thought probable in view of the trend of commodities toward lower prices and the sub- iling of speculation for the rise in tocks. These two factors, together with the large amount of availuble funds as evidenced by the still in- creasing gold holdings of the banks, were taken ‘avorable for higher prices for b ner or later. Frac- tional advances were ‘scored b: of the first grade rails tod as Atchison General 4s and C Burlington and Quincy 5s. The Beth- lchem Steel issues were also a little higher. notwithstanding the current pessimism as to Bethlehem Steel and the stock market. There was very little change among speculative bonds. Chicago rail- ways still_heavy, and the same of the Erfe issues, vertible 4s. Among grade issues, Carolina, Clinchfield and Ohio $s, and the Hud- g } . ir- s were true sugar bonds were with the Punta Alegre {up. and the Cuba Cane 8s down. Forelgn Insues Firm. No great change was observable in th> foreign list. French bonds were firm. Bolivia 85 sold around the low of the year to There seems to be no good reason why these bonds should sell to give so much higher return than other ath ~ American issues except the unfamiliarity of American investors with the security. Attention was again called today to the depression in the market for juipment trust certificates. ions of the strongest rab s were obtainable on a 5:30 to a 5 basis and Illinois Central Equip- nts w aid to have been sold b . an extraordinary yield an unquestionable security. This condition is due simply to the oversupply of these certificates. TONE IS IPROVED N STOCK NARKET ‘Short Covering and Firmness in Oils Cause Better Buy- ing in Late Trading. | By the Associated Press " YORK, May 14.—Stock prices showed an improved tone in today's relatively quiet session. The sta- bility of the oll shares on the an- nouncement of another cut of 25 cents a barrel in Pennsylvania crude and reports of cuts in other fields, together with indications of short covering in some of the usual leaders, encouraged moderate buying for the long account. Sales approximated $25.000 shares. The closing was strong. ward tendency became more pro- nounced in the late dealings with equipment, motor and steel shares making substantial recovery from jrecent heaviness. Gulf Statss Stecl ner rallied sharply. The up- Market Flashes at Today’s Close The Standard Oil Company of Louis- iana _today posted a cut of 10 cents per barrel in the price of all grades of north Louisiana and Arkansas crude, the fourth cut within three weeks. An Iron Mountain, Mich., dispatch says Chicago andsNorthwestern Rail- way Company will construct a new steel and concrete ore dock at a cost of over $4,000,000, at Escanaba, Mich. Baldwin Works continue to operate at 95 per cent of capacity. The com- pany is endeavoring to catch up on orders. Unfilled business now stands at $63,000,000, sufficlent to insure capacity operations throughout the year without including miscellaneous business, which continues to come in at rate of between $2,000,000 and $3,~ 000,000 a month. The Piggly Wiggly Stores, Inc., will sell approximately half of its 600 grocery stores now in operation throughout the country. Stores in Chicago district will be included. Southern Railway lines east and west report first week May, $3,888,- 478, increase, $704,624; from January 1, '$68,579,593; increase, $13,153,309. Mobile and Ohio reports first week May, $382,910; increase, $58,294; Jan- uary 1 to May 7, $7,457,987; increase, $1,566,115. The J. I. Case Threshing Machine Company declared regular quarterly $1.75 preferred dividend, payable July 1 to stock of record June 11. ISTREET RAILWAY HAS BIG EARNINGS Detroit Municipal Lines Take in Over $1,000,000 in First Year’s Operation. By the Associated Press. DETROIT, Mich., May 14.—Detrolt'’s municipal street railway, the largest organization of its kind in the world, will be one year old at midnight and the first annual statement of the concern, made public today by Mayor Frank E. Doremus, shows the net in- come for the twelve months to have been slightly more than $1,000,000. Gross revenue was about $19,000,000. The trackage of the railway now D. O, MONDAY, MAY 14, 1923 #M}—_;—I_*_—__.__—_fi_fi v wvv vorx BONDS oo sxcasves] Received by Private Wjre Direct to The Star Office, (Sales are in $1,000.) UNITED STATES BONDS. (Fractions Example: Lib 3%s Lib 1st 4s Lib 24 4 Lib 1st 4% Lib 2d 43, Lib 34 4% Lib 4th 4% Victory 4% US4Ks1952. ™ Sal High. .. 29 . 36 9 908 9 121 9 FOREI Sales. High. Argentine 7s Bolgium 7%s Belgium 6s Belgium 8s. Bern 8s Brazil 7s. . Brazil 8s. . Brazil T% Canada 53 1926. Canada 5%5 1929, Canada 58 1931.... Canada 5% 1952. Chile 35 1946 Chile /s 1928 Chile B 1941 Chinese Gov Ry Christiania 8s Copenhagen 5%s. . Cubab%swi..... Czechoslovakia 8s. Denmark 6s. Dutch E 15%s. Dutch East I 6547 2. Dutch East I 63 '62 2. Framerican 7%s. . French Govt 8s. .. E'rench Govt 7%s. Haltl 6sctfs. . Holland-Amer 6; Japanese 1st 4%s. Japanese 2d 41, Japanese 48 Jergen U M Gs '47. Lyons 6s.. Marseilles 6s. Mexico 58 Mexico 48, Montevide Netherlands 6s Norway 6s. Paris-Ly's-Med 6s Prague 7%s...... Queensland 7s Queensland 6s. ... Rio de Jin 8s 1947. Sao Paulo.City.8s. . Sao Paulo.State.8s. Seine, Dept of. 7a. . Serbs Crotes Slo 8s Solssons 68 Sweden 6s. Swiss Confed 8s Tokio Bs. Ud Kingm 6% '29. Ud Kingm 5%s '37 Zurich 8s. Am Cotton Of1 5s. . Amer Smelting 6s. Am SmIt&R 1st 5s. Am Sugar Ref 6s. . AmT& Tcv és. AmT& Teltrb AmT& Teltrds.. Anaconda cv db 7s Anaconda 1st 6s. Armour & Co 414s. Atlantic Refin 5s.. Rarnsdall sf 8s. .. Bell Tel Pa bs rets. Beth Steel pm 5s. . Beth Steel s £ 6s... Brier H St 15t 5%3 Bklyn Edison 7s D Bklyn Ed gen 5s. . Bush T Bldg 5s'60. Central Leather 53 Cerro de Pasco 8s. Chile Copper 6s. .. Cin G & E5%s'62. Commonwth P fs Con Coal Md 1st 5 Cuba Cane cv d 8s. Dery (D G) 7s. Det Edison ref 6: Du Pontde N 7%s. Duquesne Lt 7%s. Duquesne Light s E Cuba Sug 7%s Empire F&G 7%s. Gen Elec deb 5s... Goodyear 8s 1931. Goodyear 88 1941. . Tndiana Steel 5s. .. Int Mer Marine 6s. Int Paper 1st 5s A, Julius Kayser 7s.. Kelly-Spring 8s {Liggett & Myers 7: Liggett&Myers 5s. Manati Sug sf T%s Marland Oi1 7%s. . Marland Of1 8s w.. Mexican Petrol 8s. Mich St Tel 1st bs. Midvale Steel 63 Montana Power s Morris&Co 1st 432 New Eng Tel 5s... N Y Edsn 1st 6%s. N Y Tel 6s '41. N Y Tel 6s5°49. NY Tel 4%s.. N Am Edison 6s. .. N States Pow bs. .. Northwst B Tel 7s. Otis Steel T%s.... Paclific Gas & El 5s PacT & T 68 '52... PhilaCoref 6s A.. Pierce-Arrow 8s.. Producers & Rf 8s, Public Service 6 Punta Alegre 7s Sharon Stl H 8 Sinclair Oil 7s. Sin Crude Ol 5%s. Sin Pipe Line 6s... South Bell Tel 5s.. Steel & Tube 7s. .. Tenn Elec Pow 6s. Tide Wat Oil 6%s. Tobacco Prod sf 7s Toledo Edn 1st 7s. Unit Drugcv 8s... U S Realty bs..... US Rub 1strfGs.. U S Rubber 7%s. USSteels fbs Utah Pow & Lt 5s. Vertientes Sugar 78 Va-Car Chem 7s. Va-Car Chm 7%s v Warner Sugar 7s.. West Union 6%s.. Wickwire Spen 7s. Wilson & Co 1st Wilson&C ev 7% Wilson & Co cv 6s. 2 aomNunpaieamanBoten a 19 ® o - - LR A T P P PR T I - PP o @ 85 101-3 2 97-11 166 97-16 . 566 97-23 113 100-3 100-1 100-1 99-4 42 @ 433w T A ASGH® 'S WmaaRe Bra wanaflafiBamumome maam 7-12 7-16 8-13 9-7 GN. 102% 100% 967 100% 110% 90% 80% 83% 97 101 100% 101% 99% 99% 103% 102% 103% 46 110 1%’ 99% 93% 97% 91 9614 95% 91 99% 95% 94% 88 93 92% 81% 83 80% 80% o7 3 39 Ud Steam Copen 65 1 2 MISCELLANEOUS. Am Agr Chem 7%s 22 4 1024 69 100% 88% 102 114y 9% 91% 1013 967% 86% 981, 101% 97 894 981 93% 108% 951 89% 987 134% 99% 96%; 87% 86 94 76 102% 1073 107% 103 103% 1% 100% 105 17 100 83% 851 105 109 115% 95% 987 101 138% 108% 99% 88% 94 9% 9774 109 104y 105% 93% 927% 89%¢ 107% 93% 91 91% 100% 5% 107 83% 115% 98Y 100 0 anaa® » < ‘Winchester A 7%s 9 106 —_——— SHORT TERM SECURITIES, (Quotations furnished by Redmond & Co.) Aluminum Co. of Amer. 7s 1925. Aluminum Co. of Amer. 7s 1033, American Zmerican American American Anaconda Ao merionn OIf The nglo-America; ARse. Simmons Hdw. Bell Tel. of Bethlehem Steel 7s 1923. Canadian_Northern 5iga nt, Argentine Rwy. 63 Central Leather bs 1925 Sugar s 1937. Tel, & Tel. 68 Tel, & Tel. 6s Cotton Oi] 65 1924. i 1025 Copper 68 1020. Cobper 7s 1026 1925. 1925 78 1925, 924, 1927, C., C., C. & Bt. L. 8s 1929, Chicago Tel. bs 1923. Du Pont 7%s 1931. Goodyear T. & R. 8 Great Northern 7 Hocking Valley 6s 1024. Humble Oil 5%s 1982. Kansas City Term. 68 L » McNel M., P. &8, & Co. 1080, Palon 1930 . S. Rubber 7%4s’ 1930, Western Unlon Clgs 188 r 7 1030. & Libby 7s 1931. 8. M. 61s 1081. Tow. Low. 102% 100% 96% 100% 110 20 80 83% 96% 100% 99% 101% 99% 98% 103% 102% 103 46 110 % 99% 93% 7% 90% 964 95% 90% 99% 95% 94 8T% 93 92% 81% 82% 801 80% 57 39 881 99% 977% 5% 9% 107% 100% 94 99 99y 8% 65% 81 105% 116 76 114% 104 91 110% 101% 69 10014 88% 101% 114% 97% 91% 101% 96% 861 98%, 101 9 894 97% 93% 108% 9514 891 9874 133% 99y 96% 86 85% 93% 76 101% 107 1074 103 103% 914 100% 105 116% 029y, 83 85 105 108% 115% 9514 9874 101 1387% 108'% 99%, 884 94 79% 97Y% 109 104 105 9214 923 89% 107% 93% 9014 91% 100% 5% 107 8314 114% 9814 99% 928 85% 92% 101% 94% 102y, 104% 106 112 100 87 107% 102% 88% 97% 0% T9% 102% 108% 93% 97% 98 92 104 represent thirty - seconds. 101 eans 1011-32.) 101-1 101-2 97-12 97-11 97-11 97-11 98-11 97-18 97-12 97-11 97-14 97-14 98-12 97-21 99-6 Close. 102% 100% 96% 100% 110 0% 80 83% 96% 100% 100% 101% 99% 99 103% 102% 103% 46 110 1% 99% 93%] 97% 91 96% 95% 9074 99% 95% 9% 88 93 92% 81% 82% 80% 80% 68 39% 881 100% 97% 75% 9% 107% 101 94 99 99% 88 66% 81 105% 116% 6 114% 104 91 110% 101% 69 100% 88% 101% 11414 97 91% 101% 9674 £6% 98% 101 967% 89Y 97% 93% 1087 951 85% 921 101% 943 102% 1041 106 112 100 87 107% 102y 88% 98 20Y% 9% 102% m8% 94% 981 98 92 105 RAILROADS. ‘Sales. High, Ann Arbor 4s 62% Atchison gen 88 Atchison adj 4s. 9% Atlantic C L cl 4s.. 9% 84% 95% 6% 100% 79% 81% 3% 94 62% 92 924 874 88% 113% 112% 78% 93 84% 88% 87% 83% 26% 86% . Close. 62% 87% 79% 9% 84t 95% 6% 100% 78% 81% 73% 937% 62% 92 9214 8% 88% ] 39 20 Bkl RT 7s '21 ct at. Buff R&PIitt 4%s., . Canadian North 7s Canad North 614s. Canad Pac deb 4s., Car Clinch & O s. Central Pacific 4s Ches & Ohio cv 5. Ches & Ocv 4148 Ches & O gn 4%s. . Chi & Alton 3% s Chi B&Q gn 45 '58. Chi B&Q 1st rf 63, Chl & E 11l gn 68 Chi Great West 4s, ChiM&S Prf 414, Chi M&St P cv bs. ., Chi M&St P 4525, ChiM&S P ev 41gs. Chi M&St P 4534, CM&StPgn4ays Chi& N'W 6148 ChiRys 5a.. ., . ChiR1& Pacrf ds Chi & W Ind cn 4s. ChiUn Sta 435, Chi Un Sta 6153, CCC&StLrfGsA., CCC & StL41s. Cleve Term 5% s Colo & Sou 4%s. CubaRR5s. ... Del & Hd 1st rf 4s. Den&Rlo G con 4s. D&RGIlstrf5s Det United 4%s. Erfe 1st con 4s. Erle gen 4 Erie conv 3 Erle conv 4s D. Gr Trunk s ab 6s. Grand Trunk 7s Gr North gen 7s. | Gr North gen 533s. Green B& Wdb B. Havana ERL&P 5s Hud & Man ref Hud & Man af 5 Tl Central 515 Int Rap Tran 5 Int R Transit 7s. Int & G Nor aj 6s Kan City Ft S 4s Kansas City § 2s Lake Shore 45 '28 Lake Shore 45°21.. Lehigh Valley 6s Louis & N uni 4 Louis & Nash 7s Louis & Nash 5 Manhat Ry en 4s MilEIRy & L 6s. M&StLispreds.. MK&TIstds..,. MK&TprinssA 3 MK&T6sC.. MK & T adj 5 Mo Pacific 6s. . Mo Paciflc gn 4. New Or Term 4 NOTex & Min 5s. N Y Cent deb 6s. NYCentrl5s, NYCenLScl3%s. 5 New Haven cd 6s. 17 New Haven 7s. New Haven 7s fr N Y State Ry 4143, Norfolk & W cn 4s Norfolk & W cv 63 Northern Pac s... Northern Pac 4s. . Northn Pacr1 6 Northern Pac 5s. Ore-Wash Istrtds 4 Pennsyl gen 53 Pennsyl gen 4%s.. Pennsyl 6%s. . Pennsyl gold 7s. Pere Marq 1st 53, 6 871 108% 60 84 107% 96 8% 100 91 107% 108 95 Rapid Tran 63 wi.. 96 Reading gen 4s St LIM&S R&G 4s StL&SFplisA. StL&SF prinss. StL & SFinc 6s StL & S F adj 6: StL&SFplésC.. StLSW 1st4s.... 11 StP & KCShL41s. Seab’d A Lref 4s Seab'd A L adj 5s.. 27 Seab’d A L con 6s. . Sou Pacific cv 4 25 Sou Pacific ref 4s..111 Southern Ry Ist5s 8 Southern Ry gn 4s 32 Southern Ry 6is. 16 Third Ave ref 4s. Third Ave adj bs. Union Pac 1st 4s. .. Union Pac Istrf4s 2 Union Pac cv 4s. Union Pac cv 6s Virginia Ry 1st 5s. Va Ry & P 1st 58 Wabash 1st 5s. Wabash 2d 58 Western Md 4s... . Western Pacific 55 West Shore 1st 4s. Wheel & LE cn 4s. 69y Wisconsin Cent 4s. 5% TOTAL SALES (Par Value): 1lam.. 2192000 12noon. 3432000 1p.m.. 4047000 2p.m.. 5958000 —_— PLAN STOCK DIVIDEND. 728 8615 78 €614 81 625 724 99 76 76% 421 30 €3% €2 6 9414 66% 100% 58 54% 89% 83% 94% 102% 95 85% 951 844 61% 79 80 59% 5% 1; 102% 943y 8518 95% 841 613 79 80 8 2 2 7 1 2 1 3 1 5 1 Postum Directors Favor Increasing |y Shares. NEW YORK, May 14.—Directors of the Postum Cereal Company, Inc., have decided to recommend to the stockholders that the common capital stock be increased from 200,000 shares to 400,000 in anticipation of a 100 per cent stock dividend, it was announc- ed today. The new stock would be placed on a $3 dividend basis. PLAN TO DISSOLVE. NEW YORK, May 14—A special meeting of stockholders of the United Retell Stores Corporation was called today for June 6 to act upon a reso- lution to dissolve the corporation. The organization controls the United Cigar Stores. EX-DIVIDEND TABLE. May 17— National Biscuit, q. Phoenix Tioslery pf. May 18— American Metal, q. American Metal pf., ' Brooklyn City R It., q. Brooklyn Edison, q. Colorado Fuel and iron p National Dept. Stores 20 pf. 4 mos. ending June 1, 1923 Onyx Hoslery pf., q Standard Milling, q Standard Milling pf. A. G. Spalding & B A’ G. Spalding & Bros., 2 pt., q. Timken Roller Bearing, q. Yan Ralte pt. g G. R. Kinney & Co., accum. pf. Homestake Mining Mo Adastic Resning, a... antic Refining, Californta Tete, .0 Califernia Pete General Cigar, pf., de General Motors, q May 22— Mexican Seaboard O1l, q May 25 Acme Coal Mining. Continental Oil, q Hackensack Water, 8.4, Hackensack Water pf., 7%, National Lead pf., q e —_—— ‘TREASURY CERTIFICATES. FINANCIA Grain, Produce and| Live Stock WHOLESALE MARKET REPORT. A’ tendency toward higher prices was indicated in the meat market this morning, the higher prices, it is stated, resulting from advanced prices of live cattle. The market opened with prices a little higher than the closing prices last week. It was said there had been no decrease in receipts, but there is a greater demand. prices this morning were what they were at the close of last week's market. Monday is an off day in the poultry market, receipts us- ually being light. Eggs—Strictly fresh, selected, can- dled, per dozen. 2§; average receipts, 27; Southern, 2 've poultry—Rooster: 17; turkeys, per 1Ib., 25a30 chickens, per Ib., 45a55; winter chickens, per 1b, 40; keats, young, each, 65; fowls, per Ib., 25. Dressed 'poultry — Fresh-killed, spring chickens, per Ib., 65a70: win- ter chickens, per Ib., 45a50; hens, per 1b., 32a33; roosters, per b, 20a2l; tur- keys, per 1Ib, 40a45; keats, Young each, 70a80. Live stock—Calves, cholce. ge: Ib. 10a11; medium, per 1b.. 9a9%: thin., per 1b. 6a7. Lambs, spring, per Ib. 16. Live pigs, 3.00a5.00 each; live hogs, per Ib., $4as¥% Green frults—Apples, 850. California orange: 5.00a6.00; Florida, 6.00: per box, 4.00a450, Gi 5.00. Strawberries, per qt., 10a22 Vegetables—Potatoes, per bbl 1, 1.50a2.00; per sack, 1.75a2 potatoes, Florida, per bbl, 830; s potato North 1.00a3.50, southern, per bbl, 3.50a per crate, per crate, Romaine lettuce, per crate, g Iceberg lettuce, per crate, 4.00a6.00. Cabbage, southern, 1.50a2.00 per basket. Eggplants, per crate, 2.00a3.50. Toma- toes, per box, Flotida, 2.50a6.00. Beal 250a4.00 per basket. Peas, 3.00a4.50 per basket. Peppers, per crate, Flor- ida, 3.0025.00. Kale, per barrel, 150a 2.00. Spinach, barrel, 2.00a3.00. per crate, Florida, 3.00a4.50. 1024.00. ' Florida lima beans, .00 per basket. South Carolina sparagus, 2.00a4.00. GRAIN AND PROVISIONS, BALTIMORE, Md. May 14 (Spe ial).—Potatoes, white, 100 pounds L bbl., 3.00a7.00 150 pound sweets, 2.00a 6.00; bbl., 5075 paragus, doz., 1 1.2524.00; Beets, bage, hamper, 1 5.0027.00. Cucumbe; crate, 2.50a4.00. Spring_onions, 1.00. 3.50. Feppers ishes, 100, 2.00a4.00. Eggplants, bu., 60a70. 1:50a | Rad- bu., . To| 3.5026.50; bu. Grapefruit, Oranges, .00a6.50. Strawherries, quart, 5. Pineapples, crate, 3.50a5.00. Selling Prices at Close. Wheat—No. 1 red winter, spot. no No. 2 red winter, spot, red winter, spot, no_quo- 3, red winter, garlic z 3 red winter, garlicky, spot, no_quotations; May, 1.26. Sales—None. Corn—Cob corn, ne rel; contract, spot. S 2 corn tations; track corn, vellow, better, 94 asked per bushel. Sales—None. crate, 4.75 per bar- per bushel; 3 or No. 2, per bushel per bushel asked. 80490 per bushel; No. ern export, spot, $5% per bush- ay—Receipts, tons; ample re- ceipts for all trade wants from 17.00 to 21.00 per ton. Straw—No. 1 tangled 16.00; No. 1 wheat, 12. oat, nominal, 14.00a15.00. DAIRY PRODUCTS. BALTIMORE, Md., May 14 (Spe- cial).—Live poultrv—Winters, 40a. springers, 50a55; small and leghorns, old hens, 5. 15.00a No. 11 rye, 213.00; choice to fancy, | nearby creamery store packed, ladles, 35a36. I 14; prints, 4 13%a41; rolls, 32 {dairy prints, 32a35 f TODAY'S CHICAGO PRICES. CHICAGO, May 14.—With offerings | light and with considerable buying on | | th art of shorts, the wheat market | ged higher .today during the early lings. Some of the buying was sed on opinions that liquidation had been thorough and that a rally was due. On the other hand, the general run of crop comment was favorable, and price gains were easily checked. The opening, which ranged from 34 de. cline to a like advance, with July 1.15 to 1:15%, and September 1.13% to 113%, followed by fractional up- turns ‘all around. Corn and oats reflected the firmness of wheat prices. Besides, rural offer- ings of corn and oats remained very small. After opening unchanged to 34 i her, July 78% to 783, the corn market scored slight general gains. Oats started unchanged td % up, July 42% to 43, and later showed a little additional rise. Provisions had an upward tendency in line with grain and ho Subsequently, the wheat was depressed by weakne: developed in the oats market, but| announcement of a substantial de- | crease in the visible supply of wheat | helped give the wheat market a new upturn, The close was firm. WHEAT— May. d market which | 10.90 137 10.72 1100 10.90 117 8.85 005 | CHICAGO LIVE STOCK MARKET. | CHICAGO, May 14 (United States Department of Agriculture).—Hogs— Receipts, 47,000 head; opened steady to strong; spots 5¢ higher; later trad- ‘l.n':}'k 161 Septomper 11,00 1B September. .00 905 9.00 to 325-pound butchers ing sows, 6.25a6. pound pigs. 6.50a7.2 hogs, 7.30a7.80; medium, 7 light, 7.55a7.95; light light, 6. packing sows, smooth, 6.50a7.00; pack- ing sows, rough, 6.00a6.60; killing Pigs, 6.00a7.50. Cattle—Receipts, 22,000 head; beef steers slow; killing quality plain yearlings comparatively numerous early trade largely steady to 15 off; lower grades refiecting decline; no choice steers sold; some held around 10.35; best yearlings, early, 9.60; sev- eral loads beef steers and yearlings. 8.7529.50; she stock scarce, strong to unevenly higher; other classes gen- erally steady to strong: bulk bologna bulls around 5.25; bulk vealers to packers, around §.50; few 8.7529.00 and above; outsiders, handpicking, upward to 10.50 and ahove. Sheep—Receipts, 9,000 head; active; fat lambs, 25 to 40 higher; sheep steady to strong: best Colorado 92- pound wooled lambs, 16.25; choice 56 to 91-pound clipped lambs, 14.25 to packers; few 78-pound averages to city butchers, 14.40; five doubles Cali- fornia springers, 17.00; few-odd head handyweight fat ewes, 7.00a 7.50. — NOTE SALE DISCOUNTED. NEW YORK, May 14.—The Treas- jand many of the | for’ some LOGAL SECURITIES MOVE SLUGEISHL) Mergy Reflects Weakness il‘ Boston—New Banking Office Opens—Notes. BY L A. FLEMI Mergenthaler found a new low ti| morning at 1481;, the weakness 14 ing in sympathy with the action q' the market in Boston. It is not suggested that there iy any real rea son for the recent decline of nearl 12 points in the shares, the earning being maintained at a high rate win every promise of continued prosperic throughout the year. At 150 it puy 6.66 per cent plus, and is one of th, highest-grade investment stock: without either pre stocks 9 No transactions in Lanston: 8% by The general lis s slow, Seva securities showing in sale; ords, none to any important extent American urity and Trust strox, 3, ailway preferri politan 5s at 9 Succexxful Plus, ders of called tory notes, corporations and the lic ‘offering tn take the issus to extent of $1,000,000,000. closed for Books hav sh ‘subscribers, but wil be open for for those d« siring to a notes in cx change for the called victories. There is but % of 1 per cent differ ence between the returns on the pres ent Tr and the victor notes easy and com fort e emplovment fq and ig better than per cent bond, Personal Mention. M. E. Ailes is in the city today € attend a meeting of the directors g the Riggs National Bank, which be held at his residence, the u conditlon of the bank preve meetings from being held there. Mr. Ailes will return to his summa home after the meeting, to spend th rest of May. Will Spaid is in New York Cit today and probably will be tomorrow Opens Auspiciously. The new hranch office of the Ames lcan Security & Trust Company § the Security Storage building, opens auspiciously this morning. Quite number of new accounts were opene customers of th atisfactory parid surplus funde 5% . Sl main office found ing facilities and transacted busines’ With more ease than they could haw at the main office, where it is dif cult to find even half-hour parkin privile Mr. Bell and other officials B officials ex satisfaction at the results, Adds More Boxes. The National Metropolitan this morning received a of new boxe: Ban) large blocl for its safety depos] vaults, the demand of late necessitat ing the addition. Potomac Electric Bonds. The syndicate recently formed fa s the purchase of $4,000,000 Potoma Electric general improvement and ra funding 6s, which included Messr Co. of this city, an e sale price of the bond Local “bankers express the belia that the issue will sell well, by find some fault with the marke price which is $35 on each $1, bond above the met received by Potomac Electric Company. The bonds are redeemable at th option of company at 107% up t April 1, 1 and thereafter to Aprl 1, 1934, at 102 These bonds are covered b, same mortgage as the 7 pe bonds put out a vear or mors g and which are selling around 10i Ultimately it is expected that the will become the first mortguge bo of the company. when prior shall have been redeemed funded. Gross earnings of the company fo the year ended March 31 wer $5.342,995 and net Afta charges there remaine eprecia tion, etc., $1,798.853. The entire stock of the company 1 eld in_escrow other than a fey shares distributed among the diren tors. ¥ th cen or Wild Cat Stock. It is estimated that the annua tribute of the American people vindlers in wild cat propositions, stocks and kindred questionable y motions will total nearly $600.000.0( annually. Washington has heret contributed its share and will ably be more or less of a contri ime to come. MARKED INCREASE IN GRAIN EXPORTS Grain exports from the Uniter States last week amounted to 6,120 000 bushels, compared with 4,601.00 bushels for the week previou Totals for the week with those for the week previous made public today by the Commemy Department, follow: i 468,000 agains corn, 1,769,000 000; oats, 410,000 aguinst §76,00 against 596.00: wh 000 against 2,041.000; flour, barrels against 276,000 harrels Exports of Can an grain frq United States ports amounted 732,000 bushels against 1,255,000 Lush¢ the week before. i { SOUTHERN PACIFIC HAS | FINE FINANCIAL YEJ —— de 1§ Use of Oil Instead of Coal Big F tor in Showing, Presid‘fla Declares. By the Associated Press. 1o NEW YORK, May 14.—Net ¥ from railway Operations in 192w gregating $68,854,713, exceedem~ of any year since the record—vej: 1917, but was $4,514,954 less than'l that year, it is disclosed by thesinnpp report of the Southern Pacific Coyp | pany, made public today. Net pilwq; operating income for 1922 .total 848, an increase of more that .000 over 1921, and net incom from the railroad property and pro prietary companies combined totale $32.600.150, as compared with $30,615 777 the previous year. The showing, despite the strikes o coal miners and shopmen during 1921 iz explained by Julius Kruttschniit chairman of the executive commit. tee, by the fact that the compans! uses oil as fuel, and a large perce age ‘of the company's shopmen re mained loyal throughout the strike disregarding the strike order. The direct cost of the strike, how: ever is estimated by Mr. Kruttschnitl as $3,600,000. DRY GOODS MARKET. NEW YORK, May 14 (Special).— Western Unlon 6 (Quotations furnished by Redmond & Co.) Westingtopse E. VISIBLE GRAIN SUPPLY. NEW YORK, May 14.—The visible supply of American grains shows the following changes: Wheat decreased 2,475,000 bushels, corn decreased 3,760,000 bushels, oats decreased 2,472,- ury Department's announcement that the new offering of $400,000,000 4% par cent notes were oversubscribed { the volume of trading and in prices by nearly $1,000,000,000 was accepted | Prices for 64 by 60 print cloths fel; by local bankers as additlonal proof | off to 9% cents, although quotation of public ability to absorb large|for 68 by 72 remained steady at 11} amounts of gilt-edged securities. The | cents. Sheetings were dull with only opinion was expressed, however, that | moderate Inquiry from the bag trada the favorable effect of the offering on | Sateens were irregular as were drilly the bond market already has been | twills and pajama checks. largely discounted, citing the steady | ~The raw silk market rise of * investment securities -last | another decline with the market week in this connection. bLoth here and in Yokohama. 200 65 17% 8 49 168 90% 8 85 110 62 200 65 17% 8 49 168 20 78 85 110 62 200 | vious week, when 2,021,000 tons were 67y | Produced. 175 | . Reo Motor declared an extra divi- &« | dend of 6 per cent in cash and an ad- 45 | ditional extra dividend of 10 per cent in stock, also a regular quarterly 168 | dividend of 1% per cent, all payable July 3 to stock of record May 31. American Wool, common and pre- 80% | ferred, sold ex-dividend today. 85 New York bank clearings, $458,000,- 110 1000. New York bank balances, $83 62 | 000,000. New York Federal Reserve bank credits, su,ooo.ooo. Lig & Myers.... Lima Locomo. Loews Inc. Loft Inc. . Loose-Wiles Lorillard (P). Louis & Nash Mack Truck: Mack Trucl 2 Mackay Cos Macy Co.. & M. 7s 1981 105 The cotton cloths market continuet totals 373 miles, operating 1,600 cars. to show irregularity today, both i1 A total of 475,000,000 passengers have been carried. —_— Fourth Cut in Three Weeks. CASPER, Wyo., May 14.—The Mid- west Refining and Ohio companies to- day announced a reduction of 10 cents a barrel in the posted field prices of Wyoming and Montana|000 'bushels, ‘rye decreased 642,000 crude oils. The reduction is the fourth | bushels, barley , decreased 172,000 mdde hete in three weeks. " jbushels, v TODAY'S METAL MARKET. NEW YORK, May 14—Copper easy; electrolytic, spot and futures, 15%a 16. Tin easy: spot and futures, 42.37. Iron steady; No. 1 northern, 30.50a 32.00; No. 2 northern, 30.00a31.00; No. 2"southern, 27.00228.00.. Lead steady: spot, 7.00a7.25. Zinc easy; Kast St T.oufs spot and nearby dellvery, 6.60a 6.65. Antimony, spot, 7.50a7.62, 8%s June 15, 1923.. 8%s September 15, 1923. 43{s Beptember 15, 1923 48 December 15, 1923 434 March 15, 1024, 5%s June 15, 1024 5igs September 15, 4 March 15, 1925, 43 Junn 15, 1925, 455 December 15, 103 hows :%. Vaien 36, ‘1826, 3t qui ¢ . 62 September 18,