Evening Star Newspaper, June 2, 1923, Page 14

FINANCIAL, -~ SHARP ADVANCES IN STOCK MARKET Last-Hour Rally More Than Offsets Severe Break in Early Trading. By the Associated Press. NEW YORK, June Prices railied sharply during the last hour of today's brief session of the stock market, after an early period of pronounced weak- ness, during which many of the leading shares dropped 1 to 5 points below yes- terda, final figures. United States and Bethlehem Steels each touched new low records for the r. The heaviest selling came into the low price oll shares. 5 ubsequent concerted buying of Cali- forn Petroleum. Pan-American and American Can, which was later sup- plemented by a b demand for the motors, turned the course of prices up- ward again. Willys-Overland preferred jumped 5 points above yesterday's clos- ing_quotation. The closing was irregular. proximated 500,000 shares. STEEL HITS NEW LOW. Sales ap- Bears Get Common Down Before Rally Helps Prices. BY STUART P, WE star. June_ 2.—The market today was subjected to ther attack. It vielded sround in some instances. but held up well in others. The most Important victory for the bears was getting Steel com- mon down to the new low for the yea under 95. But considering the Aividend which very lately came off the price. it could not be said that this was actually a new low Support was most conspicuous in Studebaker, Crucible Steel, California Pete and American Can. These stocks showed the best rallying tendency Marland Oil dropped a point to 43, al- though the best opinion was that at the directors’ meeting later in the ¥ the regular dividend would be clared Short Covering Helps Oilx. Most of the cther cils did better. with short covering making itself it in Philline Pete. Producers and Refiners and the Pa Americans The way the Pan-Americans have ctood up during the week end reac- tion has been the subject of com- ment on all sides. Tt has seemed to hear out the statements frequently made abcut an unwieldy short ac- count Raila cteady, with New Special D spateh to T3 NEW YORK stock fur- Ny dull but < Central rally- & @ peint and special buying con- tinaing in Pcre Marouette. “The bu ng in the last named still had view a dividend declaration later the month On the very good rally in_the was quite lative leaders as back nearly 4 Friday final. Baldwin Lecomotive got across 128 after seiling at 126 farly in the dav. American Can was up 2 points fr the low of its reaction and Maryland Oil neariy 2 points. Overland The erratic_fuctuations Overland preferred were to the conditions of the miarket for stock. It is a special'y from which outsiders have be-n eifectually eliminated. and the holdings co trated in a_comparativelv few hands Consequently it can be moved up or down over a five-point range, as it was today, wtih entire cas The general close was the best prices of the day The professional element for lower prices endeavored 3 much as possible the ncertain character of th: trade reports. Bradstreets’ had referred to the ereased quiet” in the jobbiny ind re- 1ail trades. Dunn's review had made a point again that production was holding up on the strength of unfin- ished business. but that “pressure of demand in various quarte as re- cently relaxed.” There wis nothing in these statements which was not well appreciated already The cotton market was unsatiled again. and the foreizn exchanges were slightly lower. French francs, Where they sold this morning. were off nearly a half cent from the re- cent high. ASK 1. C. C. FOR RIGHT TO BUILD RAILROAD Illinois Central Would Construct New 172-Mile Line—Plan Is Opposed. were in in gave a The whole the market sccount of itself. Jast quarter of an hour harp_among the specu- California Petroleum points from m in Sharp Rise. Willye- due simpl strong waiting Differences arising between the Tlli- the | | Cosden & Co.... i | THE EVENING STAR, WASHINGTON, D. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Ajax Rubber. Allled Chem. Allis Chalmer: Am Ag Chm pt AmCan... Am Can pt . Am Car & Fdy.. Am Car & Fpf.. Am Cotton Oil. . Am Cot O11 pt. Am H & Lea pt Am Ice. PREEy Am Internat'l Am Locomo Am Loco pf.. Am Metals Am Safe Razor. Am Ship&Com.. Am Smelting. ... Am Smelt pf.... Am Steel Fdy. Am Sugar. . Am Sugar pf. Am Tel & Telg. . Am Tobacco. ... Am Tobac (B).. Am Water Wks. Am Woolen. Am Woolen pf. . Am Woo! pf f pd. Am Writ Prpf.. Am Zinc&Lead Am Zinc&Ld pf.. Anaconda Assets Realizn. . Asso D Goods. ... Assoclated Ofl.. Atchison. .. Atchison pt. Atlan Cst Line. . Atl Fruft ctfs | Atlantic Guit. .. AtiGuifpf. ... Austin Nichol Auto Knitter... Ealdwin Loco | Balto & Ohlo. Beechnut Pack. Beth Steel. Bklyn Edison Bilyn Rap Tran BRT warrants Burns Bros (B). Butte & Super.. Calif Petrol.... Calif Petctfs. .. Calif Petrol pt.. Canad'n Pac Case (J 1) pf. Central Leath Cerro de I'asco. Chandler Mot. .. Chesap & Ohto. . Ches & O pf wi.. | Chi Grt West. .. Chl Great W pf ChiMil & St P. Chi MII&StP pf. Chi & Northwn Chi Pneu Tool.. ChiR1& Pac... Chi R1 &P6%pt. . Chi RI&P 7% pt. Chile Copper. Chino Copper. Cluett Peabody. Coca-Cola. Colo Fuel. ... Columbia Gas wi Columb'a Grap.. omp Tabulat. . Cons Cigar.... Con Gas new. Cons Textile. Cont Can. .. Continental Mo Cosden pf. | Crucible Steel Cuban-Am Sug. Cub Cane Sug. Cuba Cane S pt Cuban Dom pf.. Cuyamel Fruit. . Davidson Chem. D Lack & Wstn. vome Mines. ... Dupont (E1)... Elec Stor Bat. | Emerson-Brat. . Endicott-John. . Erie Erielst pf... Famous Play. .. Fd Mines&S pf.. Fif Av Bus wi. end | Zisk Rubber.... Fletshman. . Foundation Co. . Freeport Texas. . Gen Asphalt. ... | | | i i ! Gen Asphalt pf. Gen Cigar pf. Gen Electric.. ... Gen Elec spl wi. Ger Motors. ... Gen Mot 6% deb. Golawin Corp. .. Goodrich. ... Goodrich pf..... Goodyear pf. Gt Northern pf.. Great Nor Ore. Guantana Su. Guit St Steel. Hayes Wheel. Houston Oil Hudson Motors. Hupp Motors. ... Iniand Steel w 1. Inspiration. Interb Rap Tr... In Ag Chemical. Int Cement. nois Central ralroad and communities | 1n Combust E. in southern Illinois and the Illinois state government over the railroad's Int Harvester Int Mer Marine.. proposal to build a new main line south | Int M Marine pf. into Kentucky ere laid today before | Int Nickel. . the Interstate Commerce Commission | Int Nickel Pf. -« | 1ntl Paper (sta). R. V. Fletcher, general counsel for nt Tel & Teleg. for adjudication. the Tllinois Central, explained length the proposal of that railroad | and two of its subsidiary corpora- tions, the Chicago. St. Louis and New Orleans and the Southern Tllinois and Kentucky Railroad Company, to join in the construction of 172 miles of line between Edgewood, 111, and Ful- ton. Ky., with a new bridge over the Ohio river. - Mr. Fletcher argued that the new line would enable the Illinois Central to move traffic with greater expedi- tion and less cost. and to open a new voute north and south along the Mis- sissippi valley WALL STREET NOTES. Trance Has Profit on Rubr Occu- pation—Dividends. Special Dispateh to The Star. NEW YORK. June 2.—French cable: declare that France has paid her way in the Ruhr and cleared 3,000,000 francs above all expenses of occupa- tion. Regular dividends today: Fisher Body of Ohio Company preferred, Bangor and Aroostook preferred, American Bank Note preferred. Seneca Copper Corporation will uthorize $1,500,000 first mortgage sinking fund te ear 7s, convertible in stock at $15 a share, of which $500,000 bonds will remain in its treasury to retire $500.000 8 per cent debentures, due in October, 1925 The remaining $1.000,000 will be of- fered to stockholders at 98, New York_bank clearings, $856,000,- 000: New York bank_balances. $93 000.000; New York Federal Reserve Bank credits, $78.000.000; Boston bank clearings, $94.000,000. - ——e——— NEW YORK DAIRY PRICES. NEW YORK, June 2 — Butte gtrong; recejpts, 16,433 package: creamery higher than extras, 40a401: creamery _extras (92 score), 393 oreamery firsts (88 to 91 score), 371aa 39. Eggs, orates. Cheese, pounds. TEXAS COTTON OUTLOOK. HOUSTON, June 2 (Special).—Fig- wres compiled today by prominent cotton factors here place the increase in cotton acreage in Texas at 13.4 per cent this vear, giving a total of 13.961,800 acres. The average condi- tion 18 placed at 78.1 and the crop Is estimated at 4,330,668 bales. irregular; receipts, 45,719 firm; receipts, = 210,974 i H 2t Invincible O1l. .. iron Prod ctfs. 1sland Oil. Jewel Tea. . Jones Tea. . Kayser (Julius). Kelly-Spr Tire. . Kennecott...... Keystone Tire. . Kinney GR. Laclede Gas Lee T & Rubber. Lig & Myers. ... Lig & Myer (B). Lima Locomo. Loews Inc.. Loft Inc..... { Louls & Nash Mack Truck Mack Trucks 1st. Magma Copper. Mallison & Co Man El inv guar. Manhat Shirt. .. Market St Ry Market St prior. Marland Oil Martin-Parry. Mathison Alkill. Maxwell (A). Maxweli (B). May Dp Stor Mex Seaboard Mex Seabd ctfs. Miami Copper. Middle St Ofl. . Midvale Stee! MoK & T (new). MKA&T pf clA (n) Mo Pacific pf. Montg'y W'rd. Moon Motors. . Mother Lode. . Mullins Body Nash Motors.... Nat Biscult w 1 Natl Enamel. . Natl Lead....... Nevada Copper. N Or Tex&Mex. . N Y Alr Brake. N ¥ Central NYNH&Harttd NY O&Western. North Amer..... North Am pf.. North Pacific. ... Oklahom Prod.. Orpheum Cir Otis Steel. . Owens Bottl Pacific Develop. Pacific Ofl.... Packard Motol . High. 122% 146 1441 39 89 101% 1% 11 1 69 39% 4 42 4 374 37% 874 37% 9614 9! 109 11 170 176 121% 12 8 102% 20% 11% Low. Close. 1 70 0% 2 9% 0 0 1% Low. Close. T4% €9 - 11% 98 4% 4 11 1% 920 15% . 49 _ y 3% 30% 69 102% 42 59'% 22 82% 13 3% 61% 85 19 48% 22 641n 4T 18 Pan-Am Pete. Pan-Am P (B) Parrish & Bing. Penn Edison pf. Pennsylvania. Penn Seahd St!.. Peoria & Eas Pere Marquet | Phillips J pf. . { Philip Morris. Phillips Pete. .. Pierce Ol) Pierce Gil pf.... Pitts CC&St L. Produc & Ref. Punta Aleg! Pure Oll.. Rand Mines. Ray Con Cop Reading....... Reading 1st pf. Remington Replogle Steel Rep Ir & Steel. Reynolds Spr... Rey Tobac (B).. Royal Duteh. ... St Joseph Lead.. t L&San Srpf.. St L Southwn. St L South pt Savage Arms. Sears Roebuck Seneca Copper. Shell Tr&Tran Shell Unlon. . Simms Petrol. Simmons. ... Sinclalr Ofl Skelly OI1 South Pacific. . Southern Rwy . uthern Ry pf.. Spicer Mfg Co. .. St Oil of Calif and Ol of NJ t Oil of NJ pf. tew't-Warner. .. Stromb'z Carb. .. Studebaker. . ... . ubmar'e Boat. Sweets Co of A Tenn Copper. . Tex Company. Tex & Pacific. . Tex & P ( Ol Third Avenue. .. Tide Water Oll. . Timken Pear. Tobacco I’rod. Tobac Prod A. Trans Cont OIl Underwcod. .. Union Paclfic Union Pac pf. ... Un Alloy Steel Utd Retall Strs. . USCastIrP. U S Indus Alco U S Realty. U S Realty pf... U S Rubber. .. USRub 1stpf. .. | 5 Steel U S Steel pf... Utah Copper-. . Utah Securitles. Vanadium Cop -Car Chem va-C Chem pf... valrCoal &C.. Vivadou. .. Vulean Detin pf Wabash. ... Wabash pf (A). Waldorf Sys.... Waldorf (new). . West Penn Co. Western Md. Western Md 2d.. West Pac pf. Western Union. West Alr Brke.. Westhse E1&M Wheeling&L E. . White Eag Oil.. White Motor. ... White Oil Wickwire Willys-Overld. Will's-Overl pf. 8814 Worthington.. . 31 HOURLY SALES OF STOCKS. 1lam..... 252700i2m.. DUN’S SEES WHOLESOME SIGNS IN BUSINESS Tendencies 108 557 8 274 51% 2% 9 6% 62% 31 64 More Conservative Welcomed in All Branches of Industry. YORK, June 2.—Dun’s Re- view today savs: There is a sharper distinction now, in different branches of industry, be- tween activity on old orders and_the development of new busine: Pro- duction at many plants continues at a high rate to fiil contracts previously NEW Fious quarters has recently relaxed This condition prevails in leading basic lines, yet the heavy purchasing of earlier months had covered many Tequirements well ahead and some abatement of buying was to be ex- P a wholesome sign. after the rapid expansion of the first quarter, that conservative tendencies predom- inate in most markets and that over- extension of operations is being avoided. With the bulk of the trans- actions based on actual needs, rather than on speculative possibilities, can- cellations have been comparatively few, and In some cases have been due solely to delayed deliveries _ Weckly bank clearings, $5.601.143,- 000. RECEIVERS APPOINTED FOR SOUTHERN MILLS By the Associated Press. ‘GREENSBORO, N. C.. June 2. —M. L. Cannon, Concord, and J. K Doughton, Salisbury, were appointed receivers of the Mecklenburg Mills Company by Federal Judge James E. Boyd here Jate yesterday. The decree of receiver- ship was signed on consent of attor- neys representing the defendant in the action precipitated Tuesday, when Warwick Aiken and Claude C. Craw- ford, forming the Warwick Aiken Cot- ton Company of Memphis, Tenn. asked for a receivership. The bonds of the receivers were set at $25,000. EXPORTS TO EUROPE DROP. Exports to Europe during April showed a sharp falling off in com- parison to the total for April, 1922, but at the same time there was an fncrease for practically every other area of the globe. _— FOREIGN EXCHANGE. dune 2, 1923—11:30 AM. (Quotations furnished by W. B. Hibbs & Co.) Nominal _Selling checks, gold value. today. Lo. 48665 463 100 97 084 10567 £000013 London, pound.... Montreal, dollar... Parls, franc . Brussels, franc... Berlin, mark Rome,’ lirs Zurlch, frai Athens, drachma . Madrid, peseta .... By the Associated Press. NEW YORK, June | change irregular. Quotations (in United States dollars): Great Bri- tain, demand, 4.65; cables, 4.63 3-16; sixty-day bills on_ banks, 4.61%. France, demand, .0648; cables, .0848%. Italy, demand, .0468; cables, .0468%%. Belgium, demand, = .0558; cables, .05581. Germany, demand, .000012% cables, .000012%. Holland,” demand, .3916; cables, .3919. Norway, demand, (1688;. Sweden, demand, .2662. Den- mark, demand, .1847. Switzerland, de- mand, .1804. ' Spain, demand, .1520. Greece, demand, .0420. Poland, de- mand, ' .000018. 'Czechoslovakia, de- mand, .0299. Argentine, demand, .3525. Brazil, demand, .1030. Mon- treal, 97 21-32. 5 2.—Foreign ex- « 409900 { Placed, but pressure of demand in va- | CHIEF AGTIVITY INFOREIGN BONDS Saturday Market Dull, as Most Issues Hold Ground, With Slight Changes. BY GEORGE T. HUGHES, Special Dispateh to The Star. NEW YORK, June 2.—The bend market was a trifle heavy today, but sentiment seemed to be very cheerful. Little attention was paid to the reac- tion in stocks. In one respect it was a very difficult market for the trad- ers as has been the case the entire week Any really desirable bonds were lquickly absorbed and the price did | not have to be shaded much either. There were, however, a number of lots which have been passing back'i and forth In the street for the past six months and these were very hard to dispose of. The investment issues, even the middle grade, when offered at a price commensurate with the quality, were well taken. Liberty bonds were quiet and much chang not 1in price. There appear- ed to be a lask of genuine sclling or- ders in the market. Investment rails and industrials held their ground with only fractional changes. The principal interest was displayed in the foreign department, where very good buying of the Serbian ss was reported. It was significant of the more favorable sentiment toward for- eign securities that this bond. the most speculative of all the European obligations, should be the favorite. Apparently the reasoning was that if Ausiria can be rescued, as has se ingly been the case, from financ ruin there is no reason to despair of the Serbs. French 8s and 7l:s were also firm. The general market pre- {sented few points of Interest MORE LIQUIDATION IN COTTON MARKET Closing Somewhat Firmer After Rush of Orders Are Executed. By the Associated NEW YORK, continued heavy cotton market | The big break government crop brought great selling and easy at a decline There was in the today esterday’s evidently overnight opening was of 10 to 45 points in liquidation at the opening following report in a many orders the consequence Futures opened October, 23.05: December. ary, 22.48; March, Cotton spot quiet, middling, Cotton futures closed quiet 95: October 27 94:' January, 2.60. easy: July 22.65; Janu- 27.40, July, o De- cember. 22,60, 63: March, 22 i NEW ORLEA considered to b over the belt in heavy selling of jthe first hour o {dropped 30 to ts. Futures opened stead) 3 90; October, 5: December, 21.9%; January, 21.95: March, 21.83 Futures closed steady, down to 11 points uj range): July 58-60: December. 22.3 March. 22.15 bid pot cotton quiet, 100 points Jower; sales on the spot. 33; low middling, : middling. : good middling, bales to arrive, 300 NEW YORK. June 2—Cottonseed oil closed steady; prime summer vel- low, 11.50 bid: prime crude. 10.00, nominal: June, July, 11.45; Au- gust, 11.40; r. 11.10; lklr\hrr,‘ 10.07: November, 9.07; December, 8.91; January, 8.90; sales, 7.600 barrels. GREEK DRACHMAS JUMP 70 POINTS B the Associated Press NEW YORK, June Greek drach- mas today jumped 70 points, to 4.20 cents, a new high for the year and just double the rate a week ago. The advance has been attributed to { ithe prospects of an early adjustment | of the Greco-Turkish war damage jclaims, the sending of money into Greece to carry on_relief work. pros- pects of a loan of 5,000.000 to 10,00 {000 pounds sterling being made by | Great Britain and France. to Greece and short covering by speculators, German marks dropped to 80,000 to the dollar. JUDGE FIGHTS SEARCH OF HIS AUTO BY DRYS By the Associsted Press. ATLANTA. June 2.-—The right of federal prohibition agents to search | automobiles suspected of lranxnnrl-, ing liquor has been brought forward in Georgia by Judge Henry McAlpin, ordinary of Chatham county, Savan-! nah, writing to Fred Dismuke, pro- hibition director, protesting against a recent search of his car by federal agents. Mr. Dismuke said federal agents would continue to search cars suspected of transporting liquor. Savannah dispatches quoted Judge McAlpin as having told W. T. Day, June 2.—What was the best weather some time caused ‘otton today, and in session prices points | Close | October, ; January net i ( agents there, that if he is again stop- ped until warranted on the roads between his country home and Savan- nah, he “will shoot immediately and shoot to kill”" Judge McAlpin also wrote ot Federal Judge Barrett com- plaining that federal officers were in- vading his rights and those of other | citizens. Judge John Swartz of the Savan- nah recorder’s court also was quoted as having told officers in a case be- fore him “you take your lives in your hands when you search without war- you must track the law. CARNARVON COLLECTION TO BE GIVEN TO NATION By the Associated Pres: LONDON, June 2—The Earl of Car- narvon’s private collection of antiqui- ties will be presented by his widow to the nation for the British Museum, says the Daily Mail, Lady Carnarvon thereby sacrifices the prospect of greatly adding to her wealth, for the earl's will stipulated that if she decided to sell the collec- tion the British Museum should be accorded the first chance to refuse it for £20,000. This sum is sald to be far below the real value of the treasures. The newspaper asserts that the prospective gift will include whatever part of the treasure found in Tutankh- amen’s tomb 18 allotted to Carnarvon's estate by the Egyptian authorities. ELEVATOR DEAL CLOSED. MINNEAPOLIS, Minn., June 2.—The Cargill Elevator Company of Minne- apolis has purchased control of the Taylor & Bournique Company, which has_ elevators in Milwaukee, i New Eng Tel 5s. C., SATURDAY, JUNE 9 = 1923. [z orr BONDS o o] Received by Private Wjre Direct to The Star Office. E (Bales are in $1,000.) UNITED STATES BONDS. (Fractions represent Example: 101-1 means 1011-32. Sales. High. Low. Lib 3%m...... 174 100-Z1 100-17 Lib 1st 43 12 98-10 98-7 Lib 2d 4% 215 Lib3d 4%s . 241 Lib4th 4%s.. 381 TS4ys19 54 FOREIGN. Sales. Fligh. Argentine7s...... 22 102% Belgium 7% Belgium 6s. Belglum 8s. Bern 8a. Bolivia Bordeaux Brazil 7s..... Brazil 8s Brazil T%s.... Canada 5%s 1929, Canada 68 1931. ... Canata 5s 1952.... Chile 35 1946. ... Chile _s1926. Chile 8= 1941. .. Chinese Gov Ry 53 Christiania Ss Cuba5thswi..... Czechoslovakia $s Denmark 8s.... Denmark 6s. ... Dutch EI5%s...... Dutch East I 6347 Dutch East I 65 '62 Framerican 7%s French Govt 8s French Govt 73 Haitl 6s ctfs Holland-Amer Japanese 1st 41 Japanese ds....... Jergen U M 6s47. Lyons6s...... Marseilles 6s. . Montevideo 7s. Netherlands 6s Norway 8s Norway 6s Paris-Ly’, Prague T%s. . Queensland és. ... Rio de Jan 85 1946. Sao Paulo.City.8s. . Sao Paulo.State.8s. Seine, Dept of, 7s.. 33 89 Serbs Crotes Slo 83 34 711 Swiss Confed 8s. .. Cd Kingm 514 '29. Ud Kingm 535 ‘37 Uruguay 8s.. Zurich 8s. MISCELLANEOUS. Am AgrChem 7i4s 16 99 Am Cotton Oil 5s.. 1 Am SmIt&R 1st 5s. Amer Smelting 6s Am Sugar Ref 6s.. AmMT& Tevés... AmT& Tcltrss.. AmT& Teltrds.. Anaconda cv db s Anaconda 1st 6s. .. Armour & Co 4%s. Barnsdall s f §s... Bell Tel I’a &8 rets. beth Steel rf 5s. .. Beth Steel pm 5s. . Beth Steel s f 6s. .. Brier HSt1st 5'%s Bklyn Edison 7s D Bush T Bldg 5 Chile Copper 1 1 5 1 i ICinG&E5Y,s" ommonwth P 63 | Con Coal Md 1st 53 Cuba Cane cv d 8s. Dery (DG) 7s..... Det Edison ref 6s.., Diamond Mth 7138 Du Pontde N 71ps. Duquesne %s. Duquesne Light 63 E Cuba Sug 7%s Empire F&G 712 Fisk Rubber §s. .. Gen Elec deb 5s Goodrich 614s..... Goodyear 8s 1931. Goodyear 8s 1941 Humble O&R 51 Indiana Steel 5s. .. Int Mer Marine 6s. Int Paper 1st 5s B. Julius Kayser 7s. . Liggett&Myers 5. Lorillard (P’) 5s... Manati Sug 87 Tiss Marland Oil T%s. . Midvale Steel 5s. .. Montana Power 53 Morris&Co 1st 41+ Nat Tube 1st os o B N e P e L B e NY Edsn 1st 6. NYG EL H&P 5s.. NYG EL H&P 4s. . N Y Tel 6s '41. NY Tel 65 '49. States Pow 5s... orthwst B Tel 7s. Pacific Gas & El 53 Pac T & T 68 '52. Phila Coref 6s A Pierce-Arrow 8s. . Producers & Rf §s. Punta Alegre is... Sinclair Oil 7s. Sin Crude Oil 6s. Sin Crude Oil 535, Sin Pipe Line 5s. ., So Por Rico Sug St Oil ot Calif 78 ‘Tenn Elec Pow 6 Unit Drugcv 8s... U S Rub 1strf 5s. U S Rubber 7%s... USSteelsf3s.. Utah Pow & Lt 5 Vertientes Sugar 7s Va-Car Chem 7s. .. Va-Car Chm 735y Warner Sugar is.. West Union 6. . Wilson & Co 1st 63 Wilson&C ev 74 s. Wilson & Co cv 6s. 98 98 91 RAW MATERIALS LEAD thirty - seconds. ) Close. 027 8yl 973 86 0% 103! 1097 98 98 91 IMPORT PERCENTAGES Raw facturing use within the States made up the largest pro tion of the country's imports du March. materials intended for manu- United por- ring | Foods ready for consumption and manufactures intended for finish- the heaviest commodities in the The Department of Commerce's head of the prohibition "‘m"ememimg in the United States were among list. es- timates give the following figures in comparing March imports with t of the same month of 1922: hose Raw materials, $144.654,000. against $86,915,000: foodstuffs, against $36,009,000; raw $71,024 foods, 300,000, against $28,756,000; part manufactured goods, §73.048, ,000, $38,- ial ,00 against $42.818,000; finished manufac tures, $69,830,000, against $59,883, BUTTER GOES HIGHER. CHICAGO, June 2. creamery extras, 39 extra firsts, 3713a38; firsts, 36a37; onds, 34a35. ,000. . —Butter, higher; standards, 3915 sec- Eggs, lower: receipts. 22,250 case firste, 23%; ordinary firsts, 2113 a2; miscellaneous, 223%a23; storage pack- ed extras, 25%; storage packed fi 25%. rsts, SEARS, ROEBUCK SALES GAIN. CHICAGO, June Sears, Roebuck & Co. 2.—May sales of wers $18,465,- 379, an increase of $3,987,685, or 27.54 per cent over May of iast vear, it announced today. Sales for the five months totaled $93,443,908, was first or 30.52 per cent over the corresponding period last year. BAR SILVER QUOTATIONS. NEW YORK, June 2.—Foreign silver, 65%; Mexican dollars, 50 LONDON, ‘June 2.—Bar silver, bar %. 31% pence per ounce. Money, 1% per cent. Discount rates—Short bills, 115-16 per cent; 115-16a2 per cent. . A mnovel” musical instrument 1%4a three-month bills, is a New | violln that can be folded, inclosed in York and Buffalo, it was announced |a# case and carried like a walking here today. stick, RAILROADS. Sales. High. Low. Close. 62% 62% 62% 88% 88% 88% 80%% 80% 8614 86% 95% 95% 1% % 100% 100% 80% 80% 81% R1% 514 75% 94 94 6514 65 64% 90% 114 9% 9714 85% Ann Arbor 43 Atchison gen 4; Atchlson adj 4s 5 AtlanticCL 4%s.. 5 B&Oprinidis.... 11 B & O gold 48 B&Ocviys B&Oref 58 B&O PLE&WV 90% 114 79% 975 85% 8914 £8 80 50% €3 59 66 80 Canadian North 7s 3 Canad Pac deb 4s.. 10 Car Clinch & O 6s..) 24 Central Pacific 4 Ches & Ohio cv 5. Ches & Ocv 4i4s. . Chi & ETll gn 5s. . Chi Great West 4s CM & Puget Sd 4s. Chi MRS Prf 41y, Chi M&St P cv {Chi M&St P4s25." ‘g |ChiM&S P evaigs. 26 {7hi& NwWeys. |Chi& N w1 ChiRysbs......., Chi RT& Pacrf 4s Chi Un Sta 415, Chi Un Sta 614s. .. Chi & W Ind cn 4. CCC&StLrf6sA.. CCC&StL4ks. .. Cleve Term 5%s. ", {Cuba RR 715 Cuba R R 5s. | Del & Ha 1st rt 4. Erle gen 4s. Erfeconv4sD. .. Gr Trunk sf db 6s. Grand Trunk 7s. .. | Gr North gen 7a. . Gr North gen 513a. Havana ERL&P hs Hud & Mzn ref 5s. Hud & Man aj 5 {111 Central 514s. Int Rap Tran 5 Int R Transit 7s... Int & G Nor aj 6s. . lowa Cent 1st 5s Kansas City S bs. . Kan City Term 43 Lehigh Valley 6s.. Louis & N uni 4 Louis & Nash 51%s. 19 ® L 108 107% OV 78Y% 91 % 114% 2% 101 92% 9= S IS P = 30 0 9 3 = 230000 10 B = 1O O €65 0% a2 €81 £6 80% 102 904 103% { Market Stcn 5s... MilFIRy & L5s.. ME&StL1strf4s. . MStP & SSM 6158 MK&Tprinis A MK&T6sC. MK & Tadj 5s.. Mo Pacific 6s. Mo Pacific gn 4. . Montrl Tm 1st 5s. . O Tex & M in 5s. Y Cent deb 6s. .. Y Centdeb 4s. .. Y Centriss.. YCenLSclats ew Haven c d 6s. ew Haven 7s fr.. orfolk & W cn 4s orthern Pac 3s... Northrn Pc 5s ret. Ore & Calif 1st 5a. | Cre Short Lref 4s | Ore-Wash 1st rf 4s Pennsyl gen 5s.... Pennsyl gen 4%s3. Pennsyl 6%4s. ... Pennsyl gold is... 54 4% €3 £8% 60% €6 96 9914 91% 9974 91% 108 108% 99% 91% 108 1084 Rapid Tran 6s wi.. Y% Reading gen 4s. RTATk & L4%s. IM&S R&G 43 Tile SFprinbs. S F inc 6: SF5%sD.. Seab'd A L adj b3 Seab'd A L con 6 Sou Pacific cv 4s Sou Pacific ref 4s.. { Sou Pacific clt 4s buthern Ry 1st ! Southern Ry gn 4s Southern Ry 6143, Third Ave adj 5s.. Union Pac 1strf 4s Union Paccv 4s... Union Pac cv 6s. .. Virginia Ry 1st 5s. Western Pacifi Whel &LE rf 433, 1014 53th 841 951% 10275 96 84% 9515 103 26 791 79 50% 50% TOTAL SALES (Par Value): 1lam.. 2453000 12noon. 4137000 DIVIDENDS. ! able. | Bank York ar Beech Creck R, R, .. 50 Corona Typewriter Co., 7 Corona Tspewriter Co., July Tuly July July Juls 2 July 2 July 2 June 30 Aug June Lun o July or & Marx, June Harvester Co. July a. Alkail . 1800 Works, a 107 1 1 1900 .. i New' York. Harlem R | e I New Pitisbargh Youghtogheny vl Peorlérs Truek & Motor Co qiagl oseph L. © Joseph Lead, . Zoe Joseph Lead. ext Joseph Lead, extra, Zhe. Vilean Detinuing Co., 0., pf Iyl s iy Vulcan etinning Co., q., b, A, 1%¢ .:.{m Light Railways, I { United { Tnited Light-Railways, q. ist Df., 135%. s Unitéd gyLight Railways, part 13,7 United Light Ttaiiw { special part pr. ———— MINERS FAVOR STRIKE TO CHECK DISMISSALS Charge Intimidation of Union Men in Kentucky-Tennessee District No. 19. | By the Associated Preas MIDDLESBORO, Ky., June 12.—Reso- lutions calling upon officials of District No. 19, United Mine Workers of Amer- ica, to petition the international execu- tive board of the union to take neces- sary steps for the calling of a strike in all the non-union mines in that district were adopted at a meeting of union delegates in_conference here. District No. 19 comprises south- eastern Kentucky and castern Tennes- see. An amendment to the resolution pro- viding that the district officers and members of the provisional board at- tempt to arrange a conference with the Appalachian Coal Operators’ Associa- tlon and the Harlan County Coal Opera- tors' Association for the purposg of en- deavoring to formulate an agreement to cover all mines under control of the two associations also was adopted. Declaring that there are in the dis- trict several thousand non-union miners who are prevented from joining the union by “the arbitrary and autocratic methods of non-union operators who exercise their economic power to in- timidate these men by discharging them ‘whenev they mention the word ‘un- ionism,” " the resolution sets forth that it is apparent to its authors nothing but a strike will bring the operators to a sense of fair dealing. sl o B When the cup is full carry It even. Harlem 250 MeKeesport R. R R, & co. June Tune st i, 25c; . st De St St Dy July 9 ‘July 16 e July 9 July a P Aug. Light-Raiiways, July 16 Aug. July 16 Aug. a. . July 16 Aug. ays, .duly 16 Aug. 64% | +63; | 0O, | packing = | stocker FINANCI AL, | Grain, Produce and Live Stock WHOLESALE MARXET REPORT. Brisk buying thig morning told of preparations being made to care for the thousands of Shriners who will reach here tonight and tomorrow. It is probable that arrangements will be made to deliver additional supplies tomorrow. With the exception of a slight de- crease in butter prices there has been very little change in prices this week It is feared that continued dry weather will do much harm to grow- ing crops in nearby Maryland and Virginia and make early vegetables scarce and higher. Considering the dry spell, however, receipts of early vegetables have been satisfactory. Eggs—Strictly fresh, selected, can- dled, per dozen, 27a28; average receipts, 25; southern, 25 Live poultry—Roosters, per lb., 15; turkeys, per Ib., 25; spring chickens, per Ib., 40a55; keats, young, each, 65; fowls, | per 1b., 25 oOressed poultry — Fresh-killed spring chickens, per 1b., 60a65; win- {1er chickens, per 1b., 45a50; hens, per {1b.. 30: roosters, per Ib., 20; turkeys, per keats, young, each, 70a80. choice, per 1b., stock—Calves, " medium, per Ih.. 9a9%: thin, per 6a7. Lambs. spring, per Ib., 14. ive pigs, 3.00a5.00 each; live hogs, per s Green_ fruits—Apples, per bbl, 4.00a . California oranges, per crate, 5.0026.00; Florida, 5.50a7.00. Lemons, per box, 4.50a5.50. Grapefrnit, 3. 4.00. Strawberries, per qt., 5a22%. Vegetables—Potatoes, per bl 1.5022.00; per sack, 2.00a2.75; toes, Florida, per bbl, South Carolina, per bbl, sweet potatos North 2.60a2.50; nearby, 1.00a2.5h. crate, southe lettuce, per crat, 1.25al. lettuce, per crate, 6.00a7.00. southern, 1.00a1.25 per basket 5.00a Caro- Let- . 0; 0; aine berg abbage per box, Florida, 1 Der__ baske: per basket. Peppers, per crate, Flor- ida, 2.00a4.00. Xale, per barrel. 1.00a | 1.56. “Spinach, “per barrel, 1.00a1.50. {Celery, per crate, Florida, 3.00a6.00. { Squash, 2.0023.00. 'Florida lima beans, 4.00a7.00 per basket. Asparagus, 1.00a 1 4.00. { i GRAIN AND PROVISIONS. BALTIMORE | —Potatoes, new. 1610.”100 pounds, 75a1.75; 150 pound Pliweets and vams, barrel, 0 bushel, 15a1.00: asparagus, 1:50a4.00: beans, basket. 1.00a beets, 100, 4.00a7.00: cabbage. 1.00a1.50: carrots, 100. 3.00a6.00: crate. 2.00ad.00; cacumbers, b {icet, 4.00a4.50; ckgplants, crate 14.00; spring onions. 100, 1 | peas, bushel, 1.25: peppers, crate, 2.5 " radishes, 100 1.37a2.50: rhubarb, .’ 200a4.00; spinach, bushel. 1503 barrel 4.00 i {corn box crate, grapefruit, hox, box. 3.00a5.0 strawber- ns, car- hushel, 1.50a2.2. [cherries, pound, 10415 2004 oranges | pineapples, crate, 3. | ries. quart. 6ald; | load, 300.002500.60. Selling Prices at € Wheat—No. 1 red winter. spot quotations; No. red winter, spot 11.24%; No. 3 red winter, spot, no quo- it No. 2 red winter, garlicky I No red winter, garlicky H no quotations; May, 1.22%, ! " Sales—None. | Corn—Cob corn. new I rel; contract, spot, 90% per “bushel No. 2 corn. spot, 92%: No. 4, no quota tions; track corn, yellow, No. or { better, 94 per bushel. Sales—None. Oats—White, No. > per bushel %0a85 per bushel; No. spot, 78% per bushel: 3, no quotations. Hay—Receipts, 125 tons; ample re- ceipts for all trade wants, from 18.00 10 per ton Straw—No. 1 wheat, . 14.00; no spot 4.75 per bar- 13 per bushel; tangled 00a rye. CAGO LIVE STOCK MARKET. CHICAGO. June 2 (United States Department of Agriculture) —Hogs— Receipts, 9,000 head; generally steady { with Friday's average; top, 7.40; bul {150 to 240 pound averages, 7.30a7.40; 260 to 325 10a7.25; 23; pigs weak to lower: desirable 110 to 130 pound 046.25; estimated holdover heavy-weight hogs, 6.90a7.30; 6a7.40: light 10a7.40; 6.6027.30; packing Sows, 1026.50; ‘packing sows: 5.75a6.15; killing pigs, 5.50a | weight medium light light, £mooth ugh 50 Cattle—Receipts, 1.000 head, pared week ago: handy and heavy steers 10 to 15 higher: spots more; light vearlings 50 to i3 lower: top matured steers, 11.00; best long vear- lings, 10.85; butcher she stock 50 to 1.00 off: bulls, 35 50 lower; veal {calves ‘unevenly. to down: and_feeders, steady to 40 {lower; week's bulk ' prices_follow: Beef steers and yearlings, §.75a10.25; stockers and feeders, 7. cows and heifer: e 3.00a4.00; veal 6 com- canner: calves. heep—Receipts, ~ 6.000; receipts actically all_direct; all classes un- evenly, 25 to 50 lower; about 30 per cent of week's receipts direct; bulk best California springs, sorted. 15.00a 15.50; closing top, 5; bulk, best natives, 15.00a15. cull, natives mostly, 10.00a12.00: bulk, old crop 12.00a14.00; best offered, 14.35; bulk, handyweight ewes, a6.00 to killers and breeders; heavies mostly, 3.75a4 TODAY'S CHICAGO PRICES. CHICAGO, June 2.—Wheat suffered a sharp break in price at the opening today., but quickiy rallied. Heavy liquidating sales on the part of hold- were responsible for the break, Whereas extensive covering by shorts brought bout the reaction. Selling out appeared in a large measure to be due to bearish views, regarding government measures to regulate trading and this tendency was offset more or less by the posting of a motice from the government supervisor here denying that a limit had been placed on the amount of trading in future deliveries. Opening prices, which varied from unchanged figures to 1 cent lower, with July, 1.09% to 1.10 and September, 1.08% o 1.09%, were ollowed by a drop of nearly 2 cents in some cases, and then by a recovery to about yesterday's finish. Corn and oats swayed with wheat. After opening ' to % lower, July, 781, to 78%, the corn market sagged omewhat further and then rallied. 1 'Onts started at 1 off to % up. July, 101, soon reacted from a slight gen eral downturn Provisions reflected the weakness of grain. WHEAT-— H.xh ¥ 1101, o 1104} 1 Low. Close. 1.087; 10815 1101 Open. .. 100 D lowis L 11% September . December .. CORN— July o September December OATS— July ..... September December B gy FEF SRR F July . Beptember —..oc. cooe e DAIRY PRODUCTS. BALTIMORE, Md. June cial).—Live poultry—Spring chickens, pound, 45as5; small and leghorns, 35a40; young stags, 25 old hens, 25a 27; leghorns, 24a23; old roosters, 15a 16; ducks. 18a25; spring ducks, 28a 30; pigeons, pair, 40. l‘:;ggs—Loss off, native and nearby firsts, dozen, 25; southern. 23a24. Butter—Creamery, good to fancy. pound, 37ai0; prints. 40a42; nearby creamery, 33a36; ladles, 34ad3; rolls, 30a32; store packed, 30; dairy prints, 30a32. CLEARING HOUSE REPORT. NEW YORK, June 2.—The actual condition of clearing house banks and trust companies for the week (five days) shows an excess reserve of $28,061.740. This is an increase of $17,995,970. FARM LOAN BANK DIRECTORS NAMED Commissioner Lobdell Takes Another Step to Perfect New Credit Machinery. Selection of the three public mem- bers of the directorates of each of the twelve intermediate credit bank dis- tricts was announced last night by Commissioner Lobdell of the Fede Farm Loan Board, which supervises the new agricultural credit machin- ery. Twelve directors at large, for each district, already chosen, and indications were given that the directorates would be made Irflmph—(» early next week by the ap | pointment of government membe for each of the distric The public members were chosen b, ballot of the co-operative and mar- keting associations in the several dis tricts. The directors named, togeth with the division of their respective districts for which they were elected follow Springfield division, No. B. G Mclntire, Norway, Me.; No. 2, Charles R. Treat, Orange, Conn.; No. 3, George F. Warren, Ithaca, N. Baltimore, No, 1, John H. South Waverly, Penn No. nd, Parkersburg, W. Va.; Whitehead, Amherst. Va Columbia, No. 1, Walter Thomas Asheville Alan stone, New C. Vance. Calhoun, Louisville, No. 1 porte, Ind.: No. 5. Er burg, Tenn.: No Columbus, Ohijo. New Orleans, Marksville, La Utica, Miss.; Montgomery, A St. Louis, Pontiac, 111 Doniphan. Mo.; Cabot, Ark. St. Paul. No one had been 1 Murray. 2 A D No. 1. B._ Clore st Rice A. P. La Dyer Sandles, No, No. C. Gaspard, Allen, Goodwy E W, M. Hopkins Martin, Burge, muel Torgerson Grand Forks. N. D.: No. 2. A. C. Erick son, Albert Lea. Minn.: No. 3. E. J Van Leuven. Mount Pleasant, Mich Omaha. No. 1, A. Kopperud. Weh ster, S. D.; No. F. Luchsinger Columbus. Nel.; John Carmod Perry, lowa Wichita, Crucas, €on. Lamar, Topeka. Kan Houston. 3 Jacksonville, Tex: XNo Mills, Sherman, Tex.; Neely, Amarillo, Tex WOODIARD HEADS BUSINES BLREAL Chairman of Board Re-Elect- ed—O0ther Members Chosen. P No. 3, No. 1 M Fay No. 2, X Sperry Floyd M 3. LB . _Las w Myers No. 1. E. Churchil 2, Rowan No. '3, 3™ Re-election of Claude H. Woodward theGlobe-Wernicke Company as chai man of the board of trustees of th Better Business Bureau, was effected vesterday at the annual meeting the City Club. The elcction was unar imous. Other officers elected were A S. Gardiger of the Standard Nationa Bank, treasurer: J Riggs National Bank, vice and R. B. H. Lyon of 1 general counsel hua chairman o n & Other Board Members Chosen Other members elected to the board were: Milton Aile Riggs National Bank; Stanley Lansburgh, Lansburgh & Brother: Malcc Gibbs, Peoples Drug Stores; L. E Rubel, Underwood & Underwood A. C. Case, Palais Royal; Ivan King, King's Pal- ace; Herbert . Rich, B. Rich’s Sens; William G. alliher, Galliher m . Washington (Cadillac Company ; McKeever {c. H. WOODWARD. A. C. Flather, John L. pany; B. B! Burgunder, Kann Sons Compan: Harold H. Levi, the Hecht Compa i I L. Goldheim, Gold- {theim’: J H. Johnson, Barber & [Ross: Morton Goldenberg, Golden- berg’ Joln F. Slavin, C. & P. Tele- phone Company; Isaa Behrend, M Philipsborn & Co.; Har w Hahn, William Hahn & Co.: Gen, Anton Stephan, Dulin Mar- tin; Ralph W. Lee, R. W. Lee & C George B. Ostermayer, Woodward i& Lothrop: Clarence Redman. Chapin- !Sacks Company tin A. Leese, M [A. Leese Optical Company; Lugene on, Crane, Parris & Co., and W, W. Spaid. W. B. Hibbs & Co. H. Wagener of Peoples Drug Stores land president of the Advertising Club of Washington was also elected member of the board. Outline Work of Future, Mr. Woodward in answering the | election briefly outlined work to be undertaken during the coning year by the bureau under its revised per- sonnel. “Truth in advertising.” he said, “Is coming to mean more to the ‘Washington business interests in every way. Washington the city has become the hub of the entire country {and its merchants must by their honesty and integrity set the stand- ard for the rest of the country.” The tentative program of activities {prepared by Frank R. Black, newly appointed director, which gives pref- erence to a campaign against com- parative prices, was approved at the {meeting today and the interests pr ent pledged their wholehearted operation. smmleogeas o AIR “FLIVVER” BALKS. ‘Wind Too Strong for Barbot's Lit- tle Craft—Forces Him Down. MINEOLA, N. Y. Barbot, French avitor. who recently crossed the English channel in his | air “flivver,” made two starts vester- dav In an attempt to fly to West Point, but on neither start could he rise above 1,000 feet, and the wina at that level was blowing so strongly against him that he moved backwara. The two flights, however, delightea experienced aviators, who remarkea about the graceful take-offs and landings. Barbot will have another try at the trip soon. KLAN OBEYS THE LAW. Enights File Incorporation Papers and Directors’ Names. ALBANY, N. Y, June 2—The Knights of the Ku Klux Klan, Inc.. and the Kamelia, Inc.. with head- quarters in Buffalo, have complied with a new law requiring member- ship corporations to file articles of incorporation and names of directors and incorporators. arris & Co Edwards Com- June 2.—Georges 2