Evening Star Newspaper, May 29, 1923, Page 16

- PRCES AREMIXED | INSTOCK MARKET fiquipments Sold Freely, While Other Shares N o Advance. BY STUART P. WEST. Bpecial Dispateh to The Star NEW YORK, May ® very mixed stock realizing sales nuing sections of the list, while the buying influence predominated ‘The cquipment stocks which had Been the loaders at the Monday close. were sold rather freely at the same time that other favorites, like Ameri- ean Cun and California up asain. Oil shares came down a Point to 2 points on unsubstantiated but widely circulated reports that there was to be another cut in Penn- sylvania crude. The jump of & points in Crucible Stecl wae the cause of much :atis- faction to thore who hage maintained all thiough the recent decline that dividend rerumption was in sight be- gause of the ve actory condi- tion of the com busimess. « Cola_br Iy at the op.ning, not becau-e the increase in the cividend te $7 was a dicuppoint- ment, Lut rather following tle venticn that it is well to sell good new Subsequently stock recovered a fair part of the lost sround. In the railway group New York Central went above 99 at one time, But later eased off. Atlantic Coast Line made a new high for the move- ment and o did Atchison. Among the low-priced ralls the Eries were con:picuous Tinancial Review was an uninterestng gether unimport day markets today. No doubt day '« pee suspension [ responible fe but in win it was the inde isi speculative market Wit \ the cises of stocks an ton. have had their first sharp re- coll from olonged decline and Which are waiting te get a better Ine on outside conditions The oue development in the gen- eral bus was rather dis- appointing irop in copper metul ts 1 pou which is & half cent under bid price at the close of last week and the lowest it has touched since the re- &ciion set in from the season’s high of 1775, This fall in copper has upset predictions which were made from high quarters in the metal trade early the year. but these authorities would doubiless suy that they could 1t thui time. have forseen the wh seizure of the Ruhr and the conzequenct curtailment of the Ger min demand Baltimore and Ohio Earnings, Tie favor. showing made by the Bultimore und Ohlo during ihe first four months of 1923 is not only indi- catcd by the substantial increase in *t operating income, but more par- ularly by the fact that during that od 80 per cent of the company's fixed charges for the entire year were covered. Net operating income in Abril was $4.011.457, as against $2.- 734.034 in the same month last year. Directors of Pere Marquette are acheduled to meet about the end of June for dividend action. and the be- Tief is otill held in the rtreet that the stock. which has been a feature of the low-priced rails. will Hecome at leavt a three-dollar dividend paver. Sotne peonle look for 24, 1 Pere M quette -cheres have maiked time following their rather sharp advar acro 40 Late Trading Duh. e market grew very dull as the went on and interest narrowed dozen or so individual stocks Onc of these was American Smelting in which dividends at the rate of & per cent are talked of in June. Desultory realizing Incident to the holiday brought prices down in other parts of the list without, however, Pproducing any weakness, sugar stocks did little in the mar ket of the day. but further light wa thrown upon the idity of thei recovery by figur iven out con- corning the present Cuban supply. All but 11 out of 152 Cuban mills Tuve now stopped grinding, and therc- fore fairly urate data is availabic ax o the result MARKET CLOSES TIRM. —Today's was market, with in some in others con and Outlook. and in natural L to a YIany Sharo Gains—Rails Lead (DI" Day—Sales, 725.000 Shares. Asseciated Pross, May v in today’s relatively dull stock market after an early pe- rind of irregularity. Railroad shares were strong throughout further reflection of unusually favorable earnings statements. Some scattered selling took place in the industrials during the morning, but there was a sharp rally in the afternoon trad- ing. Sales approximated 725,000 sharer Fhe closing was firm. The market ook off its indecision in the later dealings. prices rising briskly heavy buying of the steels, equip- ments and metal issues. American Locomotive crossed 143 to a new high record. National Lead was up 4 Crucible Steel, 4, and General lectric I Stew drner, 3 each 29.—Prices made Market Flashes By at Today’s Close R GO o S Toynolds Springs declared regular qQuurterly dividends of 1% ner cent on preterred, A and B stocks. Chemical declared regular preferred dividend of 13 payable July 2 to siock of 15 lied terly cent. record Jun Kidder. ibody & Co. that books huve been closcd on issue $10.000.000 Associated Simmons Iwire Company ten-year 6': per gold notes, issuc having been announce co Company de- regular quarterly dividend of on vreferred, payable of record June 9. elared n declared preferred cn ctock Aincrican quurtarly $1 peysbie July June 13. Youngstown ¥heet and Tube de- clurcd a quarterly dividend of $1.25 on common, payable July 1 on stock oi record June 20, In previous quar- ter dividend of $1 a share wag de- ciared Th regular dividend, of record m 1aihoad hug placed an omotives with the Baldwin locometive works svuth Poirto Rico Sugur declared rogular quarteily ? per cent preferred dividend. payable July 2 on stock of Tecord June 15. RAIL REVENUES GAIN. CHICAGO, May 29.—Railway oper- a:ing revenues of the Atchison, To- peka and Santa Fe railroad for April cre_ $18,783,201, compared with $16,- 119,150 for the same month last year, ¢ company announced yesterday. ating expenses tofaled 1 “the month against $13,355,8¢ the’same month in 1922 TODAY'S BUTTER PRICES. CHICAGO. May 29.—Butter—Un. changed. Eggs—Unsettled: receipts, 41,574 cases; firsts, 2414a25; ordinary firets, 232237 ; miscellaneous. 2422414 siorage pack, extras, 26%a27; storage 'D;-l'k. rsis, 26a26ls. ot o were taken | con- | on | | [NEW YORK STOCK EXCHANGE Received by Private Wire Divect to The Star Office Alr Reduction Ajax Rubber. Alaska Gold. Alaska Juneau.. Allfed Chem. | Allis Chalmers. Am Agr Chem. Am Ag Chmpt.. Am Bosch AmCan.... Am Car & Fdy. jAm Chafn A% { Am Chicle Co { Am Chicle pf_. . { Am Cotton OI1. iAmH & Leath. /Am H & Lea p! Am Te e | Am Tee pt. - ] Am Internat'l. Am Locomo. { Am Metals. . Am Radiator, | Am Safe Razo Am Ship&Com Am Smelting. ... Am Smelt pf. . Am Steel Fdy. Am Sugar. . Am Tel & Telg | Am Tobacco. Am Tobac (B, Am Tob pt (n) L Am Water Wke. | Am WWke% pf. | Am Woolen 1 Am Woolen nf. i Am Woo! pf f pd, Am Zinc&Lead. . ! Anaconda. .. +Ann Arhor pf. { Arnold Co. : Asso D Goods. Assoclated Oll | Atchison. . Atlan Cst Line Atl Frult ctfs. Atlantic Gult AtI Gulf pf. . Atlantic Ref. Austin Nichols Auto Knitter Taldwin Loco. Ralto & Ohlo. { *Bank of Com { Parnesdall (A). Ratopilas Min. . By uk Bros. i Beachnm Pack i Meth Steel...... Roth SU 8% nf umenthal pf.. 82 26% J 46 80k 6% 14% B8Y% 98 3% 5% 122% 146 146 102% 424 61 92 1021a 1021 131 B RT warrants. BLlynUn Gas. .. | Brown Shoe pf | Burns Bros (B). { Burns Bros p! | Butze Copper | Butte & Super. Butterick Caddo Oil. . i Calif Pack. Calif Petrol Calif Pet et Calif Petrol pt | Callahan Zine. . | Canad'n Pac. | Central Leath. . | Cent Leath pf {Cent RRR of NJ . Cerro de I'asco. | Chandler Mot . i Chesap & Ohlo Chl & Alton. Chi & Ajton.pf Chi Great W pf. Chi Mil & St P. Chi Mil&StP pf. Chi & Northwn., ChiRI& Pac... Chi RT &P8%pt Chile Copper Chino Copper. C CC&St Louls.. Coca-Cola. ... Colo Fuel Colo & South. ... | Columbla Gas. .. i Columb’a Grap.. | Col Graph pf.. 1 iemp Tabulvt I Columbn Carbon | Com Solv B Cons Cigar ConGas new Cons Textile. Cont Can. . ontinental Mo. | Cosden & Co.... | Cosden »f.. | Crucible steel. ! Crucible Stl pf | Cuban-Am Sus.. ) Cuba Cane S pt 1 Cuban Dom'can. { Cuban Dom pf Cuyamel Fruit.. ! Davidson Chem i e Bears. . f D Lack & Wstn. Detroit Edison. . Lome Mines. Dupont (& castman Kod. .. i Elec Stor Bat. i Emerson-Brat.. Endicott-John {Erle.. | Erfe 1st pt. | Erle 2d pf | Famous Play Famous Play pf | Fd Mines&S pf. | Fif Av Bus wi. Wisher Body. Fisher B of O pf. Fleishman. . Foundation Co Freeport Tesas, IGflrdner Motor | Gen Am Tk Car. i n Asphalt.... ¢ | Gen Electric. ... {GenXlecs i Gen Motors i Gen Mot 6% deb. i Gen Mot 7% deb. ! Gimbel Bros. | Glidden. \ Goldwin Goodrich. . | Goodrich pt. | Goodyear pf.. . Northern pf. | Great Nor Ore.. {Gt West Supf.. ! Greene-Canan I Guantana Su | Guif Mo & Nor { Gulf M & Nor pt. | Gulf St Steel.... { Harbishaw Cab. ; Hartman Corp.. & i Hayes Wheel . Househ'd Prod.. B33% ! Houston Oll. 654 | Hudson Motors. 26 { Hupp Motors. 2% 6% { Tndian Refinin, 1nd Oil & Gas 9 | Inland Steel w1. 38% Inland Stl pf w 1. 108 ‘Inspiration 33% { Interb Rap Tr. .. ! In Ag Chemical { 1n Ag Chem pt { 1n Combust & | Tnt & Grt Nort { Int Harvester. .. { Int Nickel. i Int Nickel pf int) Paper. ! Intl Paper (sta). | 1nt Tel & Teleg. Invincible Oil... Iron Product Island Oil. .. Jewel Tt Jewel Tea pt Jones Tea. Jones & L'gh pf. 108 ! KansasCity 8.., 20% Kayser (Jullus). 2% Kelly-Spr Tire. i | Kelsey Wh Kennecott. Keyatone Tire, . Kinpey G R. Laclede Gas LB & Wnctf, Lee T & Rubber. 267 Lehigh Valley. 635 Lig & Myerspf.. 114 Lima Locomo... 67% 164 . % T 106 106 0, %0 wi. 29% 103% 24% 8% 15% 531y 84t 1 T 861 9 Loogee-Wil 1st, «ouls & Nush. we. 65 12 % 1'% 2% 43 20% 4% 40% 101% 172% 28% 10% . 46 ‘8 8% 48% 9814 82 25% 141 4% 801 6% 5 1220 147 146 4 102% 42 " |8t L South pt High. - Law. Close. 81 80 80 -93 83 83 110 109% 110 64 - 62! % = 45% 45 49% 48 33% 38% 4% 4Th 48% 48 16% 17 T6% 19% 19% 267 10% Open. {Mack Trueks. .. | Mack Trucks Malilison & Co. i Manhat El Sup | Manhat Shirt ! Marland o1l Martin-Parry. Mathison Alkill. Maxwell (A). Maxwell (B).. May Dp Stores. Mex Beaboard Mex Seabd ctfa. Miami Copper. Middle St Oll Midvale St Minn &St L (n), | Min st PES S M. MoK & T (new). MK&T pf cl A (n) Mo Pacific Mo Pacific pf. Montg'y W'rd. Mullins Body. Nat Biscult w 1 evada Copper. N Or Tex&Mex. Narf & West. . Nor & West pf. North Amer. North Am pt.. North Pacific... Ohjo Fuel Sup.. Oklahom Proi Ontario Silver. . Onyx Hosiery pt Orpheum CIr, ... Otis Elevator... 126 Otis Steel....... Pacific Develop. Pactfic ONl. ... Packard Motar. Pan-Am Pete. . Pan-Am P (B). Parrish & Bing ~nnsylvania Pann Seahd Stt. >coria & Eust Pere Mar .. { Treve Mra Tt . Philadelphia Co Phillips Pet Phoenix Hosiery . Plerce-Arrow. Plerce-Ar pri Pierce Oil.. Pierce Gil pf., Pitts Coal Pitts & W Postum Cer. Pressed Stl Car. Produc & Ref Pub Service. ... Pub Serv (new). Pullman Co Punta Alegre Pure Oll Railway Stl Sp. Ry Stl Spr pf Rap Tr Sec w.i.. RapTr Sec pf wi Ray Con Cop Reading. . Reading 1st pf Reading 2d pf. Replogle Steel Rep It & Ste Reynolds Sp: Rey Tobac (B).. Royal Duteh. ... St L&San Sran., St L&San Sr pf. St L Southwn | Sexboard Air L | ¥eab'd A L pf Sears Roebuck shell Union. ... Simms Petro! Shinmons Binclair Oft Sinclair p* Skelly OIl... Sloss-Sheffleld. uth Pacific. Southern Rwy Southern Ry pf. Seer Mfg St Vil of Calif. .. Stand Oil of NJ. Oil of NJ pf. Sterling Prod. Stew't-Warner. Stromb'z Carb Studebaker | Submere Boat I Tenn Copper. ... Tex Camnany. Tex Gf Sulphur. Tex & Pacific. .. Tex & PCOIl Tide Water Of Timken Pear. Tobacco i’rod Tobac Prod A B1% | Tol St L& West 57 Trans Cont Oil 8% Underwcod 176 175% | Union Ofl. . il &l Union Pacifie 1374 138 Unlon Pac pf 3% 3% United Drug. 8215 828 1 18% 41% 4l 1% % 26 26'% 674% A% 174 B6% 175 | 53% | 36's | 1154 | A8 | % 53 | Utd Retall Strs. USCastIrP. USCastIrPpf. U S Food Prod. . S Hoffman M Indus Alco. Rub 1st pf... 100 Smelt&Ref. 30t USSmelt&R pf. 43% . 97% 17% 5% 19' 3314 115 29% 20% 29 19'% 51% 84 1% 24% 17 597 107% 84%s U u U U U [ o s s s 8 8 S Utah Copper. . Utah Securities. nadium Cop. . Vivadou...... Wabash pf (A).. i Waldorf (new) West Penn Co. West Penn pf. Western Md. Western Md 2d West Pacific. . West Pac pf. Western Union. West Air Brke Westhse EI&M.. B5% Wheeling&L E 8% White Eag Oil. ';’7"’6 2% T4 6% Wisconsin Cent. 31 ‘Woolworth. . 2264% Warth’gton(B).\ 65 Wright Aero. 10% Youngstn Tube. 70 *0dd lot. 29% 19% Call Money..... HOURLY SALES OF STOCKS. H 11 a.m. 21460012 m + 335 800 fluoundering (food fnade 20 | i Millerand will unveil a monument to ‘lou of $150.000. ipm. - 420600 2pra..... 491600 | CALL MONEY FIRM. NEW YORK, May 20.—Call money firm: high, 5: low, 4%: ruling rate, 4% closing bid, 5; offered at 5% ; last loan, 5; call loans against bccept- ances, 4; time loans easier: mixed | collateral, sixty-ninety days, 5: four- six months, 5; prime commercial p ver, TODAY'S METAL MARKET. | NEW YORK, May 20.—Copper easy, Eléctroiytic spot lsd futures, 15a15%. Tin firm. Spot and nearby, 42.50; fu- tures, 42.12. Jron easy: No. 1 north- ern, 29, :-u.‘oo. No. 2 northern, 28.50 RAILROAD BONDS | MARKET FEATURE Erie Issues Lead Buying Move — Liberty Bonds Strong Again Today. BY GEORGE T. HUGHES. Special Dispatch to Th ¥ the speculative ralls was the festure ot today’s bond mar This w notably the case with the Erie issues, 1l of which sold higher. The lowest priced Erie issue is the | eneral 4s of 1956, There was activ buying in this with a consequent ad- {vance to within a fraction of the high of the year. All three of the Erie convertible 4. the “A.” the “B” and the “D," sold up more than 2 points, While junior fn lien as far as the ralroad property is concerned the convertible 4s have the advantage over the gencral 4s. in that the for- mer are a second llen on the very valuable stock of the Dennsylvania | Coal Company. The other Erie insue | actively dealt in today was the Prior ! Lien 48. also up nearly 2 points. This | bond selling on a per cent basis| ore nearly approaches an invest- ment status (ien the others April Reports Help Bonds, All this activity was in respénse | W the Erie’s very favorable April statement. which showed the largest net operating income for the year to date and & surplus after fixed charges for the first quarter of the vear. While the Erie the most active thers was also large trading in the New_Haven bonds, principally the franc 7s and the dol- 15 The New Haven's condition is 'V NO means as strong as that of the Erie. but the interest shown had at least the excuse of an April state- | ment. which was an improvement over the first three months of 1923 The third rallread in which interest centered was the s with principal speculation in -term 1s of 1 The Si the E ex indication gratitying recove Government High-grade inv issues were market | Paul, the | Paul of af ues Strong. tment issues. both rails and indusirials. were firm but dull United States government bonds were strong. The most Inter- esting_development in this connec- tion “was the further shading of rates for time money, some short- term loans being reported under 5 per cent. Tt is this prospect of continued ease in money which makes traders 50 optimistic about the future of libertys. Foreign issues were firm without great change in prices. except for an advance in the French Cities issues HARDING SUGAR POLICY DENOU!\IfiCED BY McADOO Administration “Wiggling and Wabbling™ on Economic Prob- lems. Says Former Secretary. Ry the Atsociated Prea NASHVILLE, Tenn., May talk to a gathering of democrats here William « McAdoo, former secre- tary of the Treasury said that the poliey of the present administration in regard to the solytion of the ecco- nomic problems of the country was | one of “wiggling and wobbling and | about.” | “Why they even recommend a policy | of starvat on the price of sugar. e said v don’t dare reduce the ariff on sugar, which power the Presi- dent has. but they tell you the soju- tion of that matter is to stop eating sugar. T presume that if the price of became too high the admin: l 29.—In a tration would recommend to the peo- ple that they stop cating food. Tt may be that if the President should re- duce the tariff on sugar he would hit some interest which might affect the campaign contribution to the re- publican cause.” Mr. McAdoo is_en route to Louisville | and thence to French Lick. Ind. i — H MISS BAKER SAILS. : the Assncinted Prea { NEW YORK. Mas Langdon “hic i herself internationally famons | Ly leaving her fiance, Allister M ‘ormick. waiting at churches on both sides of the Atlantic, sailed for Eng- land today on the Mauretania. She| was accompanied by her mother, Mrs. | Alfred L. Baker. Miss Baker went aboard by the visitors' gangplank to avoid pho- tographers, and hurried at once to her stateroom, where she refused to| See reporiers. { “I am through with the newspa- pers,” she declared when she was asked if she planned to marry young McCormick on this trip abroad. I want to_be out of the newspapers| forever.’ RETIRES FROM RACE. | H. G. Bennett Will Not Run for | Office of Treasurer. ! Special Dispatch to The Star. i LYNCHBURG, Va.,, May 2! —Henr)" G. Bennett. treasurer of Pittsylvania county, who announced his candid: for re-election some time ago, h announced his retirement i It Is understood that he is to gof into business. This leaves the fieid | to Charles Thompson and J. H. White- | head. i - TYPIFIES U. S.-FRENCH TIE CHAUMONT. 29.—President commemorate the friendship of the United States and France here June 3 in the presence of Premlier Poincare, the members of the cabinet, the am- bassadors of the allled and associated powers. and the marshals of France. M. Poincare Is expected to deliver an_important speech on the foreign volicy of France. FIRE DESTROYS PLANT. OAKVILLE, Ont., May ~Fire de- stroyed the plants of the Oakville Basket Company and the Dominion Wire Bound ‘Box Company, causing a Plan to Rip Up Car Tracks for Motor Busses By the Associated Press. 4 BRATTLEBORO, Vt. May 29. Motor busses are to take the place of trolley cars in this town, W. A. Buttrick, vice president of the | Twin State Gas and Electric Com-" | pany, announced today. He said the street railway tracks would le torn up as soon as the bus equin- 'clm‘.. nent was 1 ldg for oneration probably about September 1. The | company takes the attitude tnat | it is not bound to continue the | operation of street cars at a loss, | but that it may operate a motor bus line under the provisions of law passed by the last session of the Vermont . legislat busses under the jurisdiction o: the publie service eommissior. - | Sa0 Paulo.State.s; | Seine. Dept of. 7 | Serbs Crotes Sio §s [or vw vorx BONDS o wxcamnaa] Received by Private Wire Direct to The Star Office, (Balss are 1a §1,000.) UNITED STATES BONDS. ctions represent thirty - seconds. | Example: 101-1 means 101 1-32. Sales. Hi Tow. ose, Lib 3%s. 72 100-28 100-24 100-25 Lib 1st 4% 92 98-16 98-6 98-16 Lib2d 4Ks.., 670 98-16 98-5 98-16 Lib3d4%s... 746 98-20 Lib 4th 4%s..1376 98-8 US4Ks 1952, 72 99-25 99-22 FOREIGN. . Sales. High. Argentine 7s 37 102% Belgium 7%s. 35 102% Belglum 6 9 97 Belglum 11 100% 10 110 31 9% 27 81 82 9644 100% 101% 100 29 103% 102% 108% 46% 92% 95% Low. 102 101% 967 99% 110 9l 80% 8244 95% 100% 101% 100 98% 103% 102% 103 46% 918 5% Canada §%s Ci a 581931, Canada 5= 1952. Chile %1 194 1 ! 1941..... Chinese Gov Ry 53 Copenhagen 5% Cuba 5%swi. Czechoslovakl Denmark 8s Dutch B 15% Dutch EastT 6847 Dutch East T 6362 Framerican 7%s. . F.ench Govt 8: ench Govt 7 Haiti 6s ctfs . Holland-Amer 6s. Japanese 1st 4%4s. anese 2d 44 Japanese 4s. . Jergen UM Gs 95% 95 89 934 92% 81t 83% 81k 81% 87 5674 sty 90% 1005 11 9814 6% 2% 107% 2 101% 941 4%, 97 9915 100 88' 6915 82 1051 Mexico 5s.... Mexico 5s large Mexico 4s.... Montevideo 7s etherlands Prague 7% Queensland Queensland és. ... Rio de Jan 85 1946 Rio de Jan $s 19; Rio Gr Do Sul §=. . 40 Paulo.City.8s 6874 81% 105% 115% 118% 1187 113% o 103% 89% 103% 10 110 MISCELLANEOUS. Ajax Rubber3s... 1 96'4 96% Am AgrChem 7%s 26 99 agh, Am Cotton Oil 6s.. 2 66 66 Am SmIt&R 18t bs. 39 90'; 897 Amer Smelting 6s. 101% 101'% Am Sugar Ref 6s.. 31 102% 114% 975, 917 1015 7% 854 98% 97% M4 Solsson. Sweden 6s..... Swiss Confed 85 Ud Kingm 5% '29. Anaconda cv db 7s. Anaconda 1st 6s Armour & Co 4% Atlantic Refin 5. Brier H 8t 1st 5%s Bklyn Ed gen 5s.. Bush. T Bldg 58 '60. Central Leather 53 Cerro de Pasco Ss. Chile Copper 6s. CinG & 4962 Commonwth P 6s. Con Coal Md 1st 53 Cuban-Am Sug Ss Cuba Cane cv d 8s. i Dery (DG) 7s... Det Edison ref §a I'Diamond Mth i'gs Du Pontde N 7 Dugquesne L* Dugquesne Light 6s E Cuba Sug 7%s Empire F&G 7%s Gen Elec deb §s... Gen Refractes 6. Goodrich 6%s. .. Goodyear 8s 1931 Goodyear 8s 1941 | Humble O&R 5% Indiana Steel 58 Int Mer Marin Int Paper 1st 53 B. Julius Kayser 7 Keliy-Spring Ss. Lackawa 8 68 '50. Liggstt & Myers 7s Liggett&Myers os. Lorillard (P) Manat! Sug s? Marland Oil 8s » Mich St Tel 1st o8 Midvale Steel Montana Power Gs Morris&Co 1st 414s Nat Tube 1st . New Eng Tel bs N Y Edsn 1st 6 NYG EL NY Tel 68 41.. N Y Tel 68°43.. N Y Tel 4%s. \ States Pow o Northwst B T Otis Sted Pacific Gas & El 53 PacT & T 68’52 Phila Co re! Plerce-Arrow 8 Producers & R §: Public Service &8 Punta Alegre Sacks&Cos T Sharon Stl H 8 inclair Ofl 7 §in Crude Oil 65 Sin Crude Ol 5 Sin Pipe Line §s. St Oil of Calif Steel & Tube 7 Tenn Elec Pow Tobacco Prod s! Toledo Edn 1st Union Bag & P Unit Drug cv U S Rub 1strf 5s. U S Rubber 7%s USSteelsfis Utah Pow & Li Vertientes Sugar 7s Va-Car Chem 7s Va-Car Chm 7%s v Warner Sugar Wilson & Co 1st 8 ‘Wilson&C cv 73 Wilson & Co cv €s. 1028, 89ls 98 86% 73 102% 8% 98% 1% RomSmbuat mea e 86% 2% 102% v 98 97% 1% CROPS DOING BETTER. ST. PAUL, May 29 (Spegial).—Crop conditions throughout the northwest, have Improved materiafly, according to Twin Citigs business men who have just completed a swing through the agricultural districts. The recent warm weather, following a period of unusual mofsture, has been beneficial to grains which had been retarded by the late spring. This condition has stimulated buying anew in the rural districts. —_— FOREI EXCHANGE. Br the Assoclated Press. NEW YORK, May 23.—Foreign ex- changes irregular. Quotation (inU. 8. dollars): Great Britain: demand, 4.62 cables 4.624; 60 day bills on banks 4804 France, demand, .0660; ca- bles, .0660%. Italy, demand, .0470% .0471%. Belgium, demand, W567%; cables, .0668. Germany, de- mand, .000016%; _cable Holland, demand, .3913%; cables. 3915, Norway, demand, .1648; ‘Sweden, de- mand, .2660; Denmark, demand, Switzerland, demand, mand, 0; Greece, Poland, demand, ~.000018% Swow RAILROADS. Sales. High. Ann Arbor 4s 2 62 Atchison gen 4 89 Atchison adj 4s. 80% Atlantio C L 1st 87% 81% 9515 8% .- Close. 62 88% 80% 87% BKI RT 7521 ct at. Buff REPItt 4%s. . Canadlan North 7s Canad North 614 Chi M&S P re 4345, Chi M&SLD oy g Chi M&St P 45 Chi M&S P cv 4145, Chi& N'W 6348 {Chi&NWTs. .. ChiRysbs........ jChi R1& Pacrf 4s {Chi Un Sta 4%s Chi Un Sta 618 Chi & W Ind cn 4s. Ch! & W Ind T4%s.. CCC&StLrf6sA.. Cleve Term 6% Colo & Sou 4%, Cuba R R 68, go: : :aaul Tt ds. el udson 5% s Denlfllnflmn‘l‘ . D& RG 1strf 5 Det United 414 Erie 18t con 4 Erie gen 4 rieconv 48 A Erie conv 4s D. Grand Trunk Gr North gen . Gr North gen 51ga. liavana ERL&P bs Hud & Man ref 5s. Hud & Man aj 5 11 Central ref 4s., 111 Central 5145 Int Rap Tran 6 Int R Trans! Int & G Nor aj 6s Towa Central rf 4s Kansas City 8 3s. Kansas City 8 ba Kan City Term 4s. Lake Shore 4s 2 Lake Shor. . Lehigh Valley . Long Island rf 4s Louis & Nash 5%s. Manhat Ry en 4s.. Market St cn 5s. Mich Central db 45 Mil EIRy & L 68 StLlstrf4s.. TprinssA - whanpmnseBac o —~Sann K & T adj 5s Mo Pacific 6 NOTex&Miné N Y Cent gen 31s.. N Y Cent deb N Y Cent deb 4 NYCentris NYCenLScl New Haven 7s fr.. NY W& Bos 414, Northern Pac ds. .. Northn Pacri 6s.. Northern Pac s Northrn Pe Bs ret. Ore & Calif 1at 5 Cre Short L ref 4; Ore-Wash 1st rf 43 Pennsy! gen bs Pennsyl gen 4% Pennsyl 614s. .. Pennsyl gold 7s. Pennsyl con 4% Pere Marg 1st Pere Mrq 1st 4s Rapid Tran 6s w!.. 13 Reading gen 4s. 2 RIArk & L4y, 22 St LIM&S R&G 4o StL&SFrplds E StL&SFoprin StL&SF ine StL&SF5%sD.. StL&SFadj6s.. StL&SFoplésC.. StP & KCShL4%s. San A & Arn P ds.. Seab'd AL dssta.. 108 108% 964% 95 80% 3% +6% 7% 8% €7% £315 4 20 3% 984 7% 3% 56 45 80% 66% 1% 87% 954 68% 101% 5% B4% Sou Pacific cv 48 Sou Pacific ref 4 Southern Ry 1st §s Southern Ry gn s Southern Ry 634s. Sou Ry Moblleds. . Third A 36 Union Pac 1st 4¥. Unlon Pac ev 4 Union Pac cv §i Virginia Ry 1st 5s. 101% 5% [ 9% 9514 102% 95% 985 i 9% 9% West Shore Ist 4s. 81% 814 TOTAL SALES (Par Vaiue): 1la.m.. 2801000 12 noen. 4558000 l1p.m.. 5915000 2p.m.. 6964000 FEMALE WORKERS AIDED. Cut Spinning Hours From Twelve to Ten. TOKIO, May 10 (Correspondence of lllm Associated Press).—The National Cotton Spinning Association has decided | voluntarily to reduce the hours of {female workers from twelve to ten i dally, effective in Jul - BAR SILVER PRICES. LONDON, May 29.—Bar silver, 32334 per ounce; money, 13 per cent; dl | count rates, short bills, 234 per cent; three-month bills, 2a2 1-16. EW YORK, May 2 -Forelgn bar silver, 66%; Mexican dollars, 51. —_— BOSTON STOCK MARKET. BOSTON, May 29.—Following is a list of today's highest, lowest and osing prices for the most active | stocks dealt in here: HI;’L o B t. 95% 102% 964 964 85% 61% { Japan Ahmeek ... Am Tel & Tel 22 i 10 % i 55 8 L Copper Range East Butte e ETTERCT) EETTERETON i F 23 iduBEeIs LSt catonr 1 | 01d_Dominion " Osceoln T E NPT L E * Grain, Produce and’ Live Stock | WHOLESALE MARKET REPORT. Dealers say there {s scarcely a pos- sibility of higher pork prices the next two weeks. Prices today were slight- 1y lower than last week. they report- ed, and the market is weak and draggy. There is very little demand for pork at this time, according to state- ments of dealers, and there would | have to be an exceptionally big de- mand to greatly reduce the stock on hand. Fruit and produce dealers are be- Zinning to feel the effects of the dry weather. There are ample supplies of green vegetables and small fruits on hand, but continued dry weather probably will mean a shortage in the near future, Egrs—Rtriotly fresh, selected. ean- dled. per dozen, 27a28; average receipts, 26: southern, 2. Live poultry—Ronsters. per 1b. 16 turkeys, “per 1b., 25; #pring chickens, per’ 1b., 50a60: keats, young, each, 55 fowls, per 1b., 37a28. e re oultry — Fresh-Lill sDring Chickens, per ib., §060; win- ter chickens, per 1b., 45a50; hens, per b, 32; roosters, per b.. 20a21; tur- keys, per b, 40a5; keats, YOung each. 70a80. Ve stock—Calves, cholce. pe: 1b. 10a11: medfum, per 1b., 9a9%: thin 6a7. Lambs. spring. per Ib. Live pigs, 3. . 25.00 each; live hogs, per b, s. G Green frults—Apples, per bbl., 4.00a; - . California ~ oranges. per crate, | .0046.00; 5.30a7.00. Lemons, Grapefruit, o.7oa 00, Strawberries, per at, 5a20. Vezetables—Potatoes, per bbl, No. 1.50a2.00; per sack, 2.00a2.75; new potatoes, Florida. per bbl. 6.00a 8.50: South Carolina, per bbl., 6.76a potatoes, North ' Caro- ‘p0azf0; mearby, 1.00a25p. Let- crate, southern, 1.00a2.50: Romaine lettuce, per crate, Icaberg 1lettuce,’ per crate, 6.00a7.00. Cabbage, southern, 1.00a1.50 per basket. | Eggplant, per crate, 2.0023.50. Toma- | toes, per box, Florida, 2.50a6.00. Beans. | 1.00a3.00 per basket. Peas, 50a3.00 rer basket. Pep per crate, Flor- per barrel. 1.00a | barrel, 1.00a1.50. per crate, Florida, 3.00a5.00. 5024.00. Florida lima beans, :;‘;z: 00 per basket. Asparagus, 1.00a per GRAIN AND PROVISIONS, BALTIMORE. Md. May 1) Potatoes. “new. harr 2.50u 7 20 pounds. 2.0026.00; old, hun- dred. 73al.75; pounds, 1.25a3.00: sweets 1@ 4.50; strawberrie. i | and yams, barrel. 2.00a3.00: | bushel ; asparag en. 1.50 | ;4.-!\: . bushel. 73a2.25: beets, | undred. 6.00a8.00; cabbage, hamper, | 1.00a1.25; carrots. ‘hundred, 5.00a7.00 e crate, corn, cnnv.’ :00a3.00; cucumbers., crate. 2.00a4.00: | eggplants, crate. 2.5024.00; kale, bush- | el. 50a60: lettuce, basket, 1.00a2.00;:! gnions. 100 pounds, 2.00a4.00: spring | oniens, ~hundred, ' 1.25a1. peas, | bushel, 1.504 rhubarb, hundred. | 3.00a4.00; peppers 4 2.50a4.00: | radishes. hundred 6 : bushel. 20a2; g Apples. packed, bushel. 1.50a cantaloupes, Erapefruit. box box. 50a6.50: crate. 2.50a1.00; pineapples, ¢ . quart, 6a t 12:1 1 red winter, spot. ne No. 2 red winter, spot, 0. 3 red winter, spot, no que tation 2 red winter, garlicky 1.25%; No. 3 red winter, garlick) BPot, No quota.lons: May, 1.258. Corn—Cob _corn, new, 4.76 per bar- rel; contract. spot. 55 per bushel; No. 2 corn, spot, 90; No. 4, no quo- tatlons; track corn, vellow, No. 3 or better. 93894 per bushel. Sales—13 iv et bushels of white deliv- . Oats—White. No. 2. 53 per bus [¥o.'3. 52% per bushel ~ D bushel: _Rve—Nearby, 30asi per No. 2 estern export. spot, bushel: No. no quotations. Hay—Receipte, §T_tons: ample ceipts for all trade wa aiten o ants, from Straw—No. 1 16.00: No. oat, orang Selling Pric. Wheat—No, quotations 1.28% bushel; 82 per re 3 tangled 1 wheat. 1 nominal, 14.00a1 TODAY'S CHICA CHICAGO, May 29.—With shor evening up for the holiday tomor: row and with the maximum crop in Kansas estimated at only $8,000.000 bushels. wheat averaged a little high- ar in price today during the earl dealings. At first. however, the mar- | ket here reflected a downturn in Liverpool quotations. The weakness at Liverpool was ascribed to reports that Argentine shippers were con- signing more wheat afloat unsold. Initial prices here. which ranged from | & to & lower. with Ju 1114 and September 1.1 : were followed by a rally ‘to well {above vesterday's finish for July and | September. but' with May inelined to ag. ! |*Fodications of good cash demand {from the east gave independent strength to the corn market. After opening 4 lower to % higher, July 77%, corn' prices scored gains ail around. Oats sympathized with corn. Start- Ing at a shade off to 1 advance, July 40 to 408%. the oats market soon showed a slight.general up- turn. Provisions were lower as a result of a drop in quotations on hogs. WHEAT— Cloe. s 112y 11zn rve, 0a13.00; No. 1 .00, PRICES. July e Beptember OATS— o A1y 4na) 39 11.05 1 9.00 Juip .- September RIBS— July . Beptember CHICAGO LIVE STOCK MARKET. CHICAGO, May 29 (United States Department of Agriculture).—Hogs— Receipt around 10 to 15 lower: top, pound averages, pound _butchers. sows mostly 6.00a6.15; to 130 pound Digs, 5. weight hog: 6.75a7.10 a7.23; light, 5; light light, 6.50 15! packing sows, smooth, 6.10a6.50; packing sows, rough, 5.75a6.15; kill- Ins pigs, 5.756a6.75. attle—Receipts. 10,000 head: bet- ter grades beef steers and vearlings, strong to 16 higher: others steady to top steers, 10.85: several 10.25a10.80; long _vearlings, 10.40; part load, 10.75; bulk beef steers and ~ yearlings, £.75a10.00; medfum grade mixed yearlings slow: she stock slow, 10 to 15 lower; spots more; bulls, stockers and feeder: weak; vealers slow; bulk £.5089.50. Sheep—Receipts, 8,000 head; fairly active, around steady: bulk desirable California_springers, 15.00a16.50: bes natives, 16.00215.25; culis, 11.50a12.0 several decks California springers on feeding_account, 12.50: cholce 90- vound California vearlings and lambs, | mixed. 12.75; few handywelght native ewes around 5.50. DAIRY PRODUCTS. BALTIMORE, Md., May 29 (Special). | —Live poultry—Spring chickens, pound, ¢ 5a40 : old small leghorns, 24a25; . 25; old roosters, 15a16 21a23’; small, 18a20. spring ducks, pigeons, pair, 40. Eggs—Loss off, native and firsts, dozen, 25 ; southern, 23. Butter—Creamery, chaice to pound, 402432: print. 43ad4 . creamery. 38a40; ladles, 36a37; 32a36; store packed, 31; dairy 32a55. nearby prints, —_— DECLARES BANKS SOUND. CHRISTIANIA, Norway, May 29.— The Norwegian minister of finance, A. Berge. gave a public statement to the press today im which it is main- tained that there is no reason for nervousness concerning the banking conditions of Norway. The minister clissagtevisae ensat rumorsiof new difftqulties ~ am . utte: ge, an wa llu':uvlh_'u'rll spreading -y, by co-operation on the p : spinach.! ¥ ! while i the role of ¢ i which BANKERS ASK HELP: DURING BIG FETE Local Depositors - Urged t@ Bank Early on Shrine Week. Small Bills Needed. The closing of all banks and. the Washington Stock Exchange tomor. row, because of Decoration day; be most welcome to local finaneal men, who will have a strenuous si¥ days before them next week. Owing to the tremendous crowds ex-' pected in'the downtown section of th¢ city, those banks located in the busl ness area will be taxed to the limi§¢ of their employes' endurance to ads commodate persons having businest” to transact, and a general appeal hag’ been issued by Joshua Evans, $r, president of the District of Columbfa / Bankers' Assoclation, asking all reeis dents of the city to aid as much a4 possible in making the work lighte In his request Mr. Evans is especia 1y solicitous that local depositors a tend to their banking business Monday in o far as convenient. le ing Tuesday, the day of the first big Shrine demonstr free 1o tie visitors. It is po at whiie it is jmpossible fo ancial i1 stitutions to close their doors unnecessary crowding can be a of r which will also per: of.the d banks to enjoy demon 1ar depositor: the emplo. opportunity tion g Tt was further stressed by Mn Evans that during the Shrine festiv. ities bankers will experience a sho age of small bills. and local me chants have been advised to have a xtra supply of currency in small d nominations on hand in order to a commodate the visitors. who will doubtediy present large bills for pur- chases. “Already there appears to be a_ slight tightening in the suppiy oty $1 and $5 bills, it is said Another Treasury Call. Depository banks have call for the pavn i per cent the amount with t rising from U of United States 43, r ew Of Series ' rec Bank in New Home. Possession of one of the most han some savings institutions in the ci was revealed vesterday when t doors of the new North Capitol Sa ings Bank. at the northwest corner of North Capitol and H_strects, wers thrown open to the public. The hank was formerly located at 731 North Capitol street. The new home of the North Capito}* avingz embodies every phase of ings banking and is_generously ipped with space. Ten tellers windows have been installed, whic are adeq eve h perinds! arge saie deposit vaults are ' eature. In jon. there is ite departme r womand alto a a scpa positor The North Capitol Sayings Bang was organized in 1932 Tts growth. while not meteoric. has been consist- ent. At the present time deposity mount to slightly more than $1,200 000. Its most rapid strides have oc- curred in the last few years, under the competent leadership of fta-presi- dent, Theodore Michael. who has served as its head since 1916. Other officers contributing to the’ * success of the institution include B. L. Grove, A O. Dille, and Georgs Claggett, vice-presidents; E. 8 Bur- gess, secretary, Fugene Auldridge, assistant cashier and Leo A. Rover, attorney Mr. Michael is also filling shier : Banker's Convention Plan » Despite the apparent complets turnover of local business to Shrine convention activities, thora.s committees in charge of the forth. coming convention of the District of. ' Columbia Bankers' Association at Hot Springs, June 21-24, are hard at, work completing arrangements fors the big affair. Fernand Potit. of the Cltizens Sav- ings Bank, chairman of the transpor- . tation committee, reported today tha. application for reservations continued to cqme in, and that indications point now to a record-breaking turn-out of local financial men 3 al WALL STREET NOTES. !Coca Cola May Declare Extra Divi- dend—Bank Clearings. Spacial Dispateh to The St NEW YORK. May day Wall street got information led to the belief that from time to time in the future, as busi- ness warrants, extra dividends may” be declared by Coca Cola Company.’ Placing of the common on-a $7 basis is believed here to be warranted by/ healthy financial - condition of the company and prospects of a larger: busine: o United States Steel common sold ex-" dividends today The initial quarterly $2 Pierce Ar-s. .. row prior preferred dividend has been declared payable July 2 to holders of record June 15. > New York bank clearings, $830. 000,000 New York bank balanc $87.000,000. New York federal r serve bank credits, $54.000,000. Regular quarterly dividends w dorf System preferred and first pr ferred: Americun Can _preferred Southwest Pennsylvani Pipe Lines Lackawanna and Western; Amorican. Tobacco preferred: South Porto Rice Sugar preferred; Allied Chemicel pre- ferred. From Atlan- TODAY’S COTTON PRICES. Market Shows Renewed Steadi- ness in Opening Trading. SW YORK, May 29.—The cotton, market showed a renewed steadiness early today. There was further re alizing for over the holiday. but bu: ing was promoted by relatively steady Liverpool cables and further bullisi erop advices, and after opening steady at an advance of 9 to _l points, prices were fairly well main talned. Futures opened steady; July 27.45; October. 24.90: December, 24.43 Janua: 24.12; March, 24.08. Futures 11:45 a.m. bids, = stead: 1" January, 24.05; March. 24.00; Julyl 27.40; October, 24.80; December, 24.3 NEW ORLEANS, ' May 29.—Cottoi futures opened steady. .July, 2 ¢ October, 24.33; December, 23. uary, 23.79; March, 23.64. rain the eastern and central po tions of the belt and a private cra condition report of 69.5, indicating & yield of but 11,250,000 bales, caused: small advances in the early trading in cotton today. After a rise of § to 17 pon‘- enough realizing by mix‘;w's me on the market to put prices k to about the level of yesterday s close. July advanced to 27.65.at.i§ best and October to 2436 Trading was_restricted by -tie holiday to- morrow. Futures 11 a.m. bids. guiet. Janusry, 23.6 4; duly, 21.51; O tober, 24.19; December, 23.75. NEW YORK. May 23.—Cotton spo quiet; middling, 28.90. Cotton futuresjr closed steady: July, 24.35824.38; et tober., 4.83; December, 34.32e1 24.34; Januar 5a24,06; " March, 12738 29.—Cotsond Doints wiry e range 54; July Decem NEW' ORLEANS. May futures closed steady at to 2 points down, net. Clo; January. 23.68 bid; March, 27.53. October, 24.2 ber, 23.80-84. - Spot cotton steady, 25_points high- er. Sales on the spot. 2.97; sales tvl arrive. none. Low middling, middling. 28.50: good middling. Receipts. S11; stock, 98,118, HOLIDAY CLOSING. N!}';‘ YoRK, Miy ”.;Tem‘;l;ui: U markera il d&’gfi.".q, 3