Evening Star Newspaper, June 3, 1923, Page 33

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FINANCIAL. THE SUNDAY STAR, WASHINGTON, D. C,. JUNE 3, 1923- PART .1. FINANCIAL,’ - WERALLY HELPS || NEW YORK STOCK EXCHANGE "°”°§”“““AR”°R THE WEEK |GOLD AND IMPORTS Di. 9910 96-24 Liberty2d 4% 1927-42.. High. Low. Rate, High. Low. Close, Ohge. 5 5% Rate. " Closa. 9918 97-25 Liberty 20 4%s1928. .. .. 9831 98-17 98-25 453 s 82 68 4 AdamsExpress 4% T 78% + 2% 7 Laclede Gas (9920 96-27 Liberty dth 41is 1033:33.. 989 98-13 440 : s T2% 6Th Air Reductlon............ 65 64% 644 + 1% : —— Lake Erie & Wentern. - 006 98-1 Treasury 4% L - 21 42 o Saturday Trading Sees i 10 Ajax Rubber. .. .. 12 11w i 4% 2 Lee Rubber& Tir g ‘ & e B Not Enough Goods Arriving Af B e Allied Chemical & Dye. 73 69 70 — 2 314 Lehigh Valley [ i Wt S S ';‘.';:T T05% 102 10%% 2 108% Allicd Chemical & Dye pf.. 109% 109% 109% + a | S6% 4 Lima Locomoti i 63% + reentine 75 192 . s 0x Fad i f Stocks Turn Upward After |1io: 197, 12, 10 7 Allied Chemical Mrg 43% 394 40w — 3% ‘ —— Loew’s, Incorporate 1034 93 Belgium 738 1945 1016 1016 FIOTI 1028 111 U. S. to Turn Tide of S 2 36% 15k Am Agriculture Chemical. 21% 18% 187 — 2% 12 Lorillard. P 3 - % 934 Belglum 65 1925 96 97 96% i Very Heavy Liquidation. 2 3815 Am Agriculture Chem pf.. 46' 42 42 1% Loose-Wiles Biscuit...... 102% Belgium §s 1041.... - 100% 200 % Gold Surplus in Payment i : 35 American Beet Sugar. . 405 37% 37% 5 Louisville & Nashville. . ... 83 9 Hordeaux 6s 1934 . 80% 81 X 37 American Bosch Magneto. 424 37% 87i Mclntyre Porcelain M. 99 91% Brazil 85 1941. . s 95% 96% . e 381 0% Am Brake S & Foundry... 75% 7dla 75 Mack Trucks ; h e Catns Ty renes ; it lotw Ton STEEL IN SINKING SPELL| i Fe i L Em itk Tk ins et T3 Gt R i 5" g6 =" | CHANGE MUST COME SOON o 104% Chile Ss 1946 . - 103% 1 — Mucy (KAL) &C""“’““y 2 Chile 85 1926 =, 1024 102% Magma Copper. g . ) hile 8s 1941. 5 35 103 103% Mallinson & Co. e e s ey e % 45 | Price Movements Confusing. Manati Sugar. 3 60 . 2 3 5 ‘American Express. .. ..... 118% 118% Manhattan Elec Supply. . B2 :;’g::r‘““;g:‘;'k;l&gfl‘f:‘l< oaner 98, HZK T8 9 Bonds Firm—Business Holding American Hide & Leather. | merican Hide & Leather Manhattan Shirt. Benmark fe 194 i e 109% 109% i Up—Outlook Puzzling. i - Am Chain class A w 1. 28% 23 234 Am Chicle pf. ek Ml 49 American Cotton OIl. ... 9 815 American Cotton Oil pf 184 2 16% Greek Exchange Jumps 70 Points. Marks $till Lower—Sterling Impruves FAl I+ Am Hide & Leather pf.... 49% Market St Railwi Donmatlk 65 1042 . 9% 1 4 T 7 4 3 6 American I 102 5 & ferican To 4 4 1 L e = Dutch East Tndies 68 1947...... 96% 5 2 2 2 L I Il i 91% 9 BY GEORGE T. HUGHES. French Govt 85 1945. . 100% 99°% Special Dispatch to The Star. French Govt Ti;s 1941, .9 96 9 NEW YORK, June 2.—Any attempt Holland-American s f 68 1947... 89 ;‘2}" ¥ correctly 1o read the present financial e aners SA ML 1028 o0 ;):;x: 921, | and commercial situation or to fore- 1. e jcast the future must take into American Ice pi 841 Martin-Parry. 32 American International... 25% Mathieson Alkall . 47 NEW YORK, June 2—Prices sagged Am La F Fire Engine 1% Maxwell Motor, Class A... 50% 46 throughout the list at the opening of | 4 American Linseed. . 2614 Maxwell Motor, Class B. .. 16 1505376 Staclc Harat i veaDbnas. o) QT Af American Linseed pf. 46% May Department Stores... 81% 764 e T American Locomotive 143% Menican Hewbauid:. - 18% further forced liquidation arising American Metal. ... 47 Mexican Seaboard ctfs. . . 17% from the Tecent failure of the largest American Radiator. 81% Miami C SR . 2613 curb house and unconfirmed rumors | 3 e American Safety Razol 7 s Sat s 9 PR ol R W 2 Am Ship & Commerce 141 - Gvale Steel. 26% count two apparently contradictory Fukcatipation, Tite decling. vehich 2 o3 3 Amerfcan Smelting & Ref. 61% neapolis & St Lnew. .. 6% o OmE - S OUIRIED . { movements. Statistics on the imports uvestigs 2 2 Am Smelt & Refining pf... 98 . 4 M StPaul&SSM........ 67 8 9 Ms e PO IONan and exports of the month of April 4 3 American Steel Foundry.. 87% 36 — Mo Kan & Texas new. 12% - s S : E ; of leading shares, was aided | 85% B American Sugar Refining. 76% —— Mo Kan & Texaspfnew. .. 3315 3 Yeegey 997 5 S S SoIlE o atbels. wa Y 2 103 Am Sugar Refining pf 105 $103 + —— Missourl Paciflc. ... 1414 : Vetherl: Se7 Sants 0%, jiearpiuasiof iimporte Fto "tie amonnt Jow-priced/oils 7 2 2 Am Sumatra Tobacco. 26 24% 248 - % —— Missouri Pacificpf........ 397 36% R y 8% 1940 sesenees 111 ?{of approximately $11,000.000, This 5 VA Ty the Associated Press. | o] vl o] | [ ] || e = awd LI b i+ i+l +41004+1 culted in losses of 1 to § points in a published this week showed another Am Telephone & Tele 1234 }22%. Montana Power-. . .. . - 66'% . A "”’]*;“‘;‘,‘,““ 1988205+ A e cee | brought the total import surplus for fuekicas TCLAtCD. « 4 Montgomery Ward s | 4 e 1% 100% 4 {the first quarter of the calendar year endijof the fivat noun Shomte 108t Mits 3 Am Tobacco pf (new)..... 2 4 Mother Lode Coalition. ... 98 g 0 T eiro 55 19 x\fll'oir SRR P to about $89,000.000. tle time in covering their commit- £ Am Water Works & Elec 39 0 Mullins Body. .. B 19 18 £ Bats of. S8 - o : | Now the economists have long been M A B e il o 7 Am W W & Elecparpf.... 61 58% 58t ‘ aah Motor e © esn 97 cine, Dept of. . predicting just such a so-called “un- e Lol brleee L at ! 109% 85 ATER RGO, | 93u 88w 1 | PR T RO e 3 veden s 1939 5 5% | favorable” “trade balance. With Eu- 1117 American Woolen pe. 102% 101t Rtional Blacutt of 18 9% 115 Swiss Confed s £ 83 1940 52 1157 115 pe overwhelmingly in debt to Situation Unchang ¢ 34 _ AmWeIting Paperpt 208 5 .. 3 9 315 United Kingdom %19 o E America, they pointed out, her only Week end ntil i S ) ; Peaaa s, s = — NatDepartment Stores.... 3914 ! 260 United Kingd 3° 3% | method of payment was in goods o cek end Wile reviews ve- American Zine Lead & § 2 s e 4 9 . 1028 United Kingdom : : ; X E orted little change in the general in- SHNs Cotarer . S o sérvice, for gold in sufficient amount Hestrial sltaat ridstroors re- Ebeain e ational Lead............ 118 NBASTHRAL S AND ANEOUS. was not available. Tt had been ex- wrted the ral treml, as re evada Con Copper . 1374 5 Amer Agri Chemi 1941.. 99% ¢ 98% 99 lpected that the new tariff would de- D Buviaes Sl 1 Arnold Conutabie & Go. ew Orleans, Tex & Mex. - 924 s 24, B6h Amer Smelt & Ref 1st 0 9% 90% {14y this udjustment. One of the ar- st LA bl | 4 { Asso Dry Goods 5 S York A 351 : 2 Amer Sug fining 6 19 - 102 guments advanced against high tarift conservative encies predominate : Associated Oil. .. 118% 114% N Y Afr Brakeclass A..... AT g Amer Tel cltr 1946 98 § 9 9 rates was that it made the task of 6 Atchison. Topcka & S Fe.. 1011 984 o oL ICanGers 31t 3 ¢ 91 Amer Tel & Tel el tr 4s 1 92 924 | payment by our Buropean debtors A beacion’ BieLiss AR Atch. Topeka & SFe pf... 89 88 ew York Central........ 96% g Armour & Co 4145 19 L. 8o 85 » : difficult. The result has show: on, which sold ex- 3 Atlantic Cox ; 116% 1141 Y Chi & StL ctfs, " 70m, + 7 : Atlantic Refining deb 5s 1937... 987 9 ha omic law is stronger than E Atlantic Gulf & W 1 .17 148 N RIS 20 Bell Tel (I'a) ref 5s 194% 2 9 g 97% jany ar al barrier. This is an al- but : 3 Atlantic Gulis & W 1 pf 1318 S e am %, Hethlehem Steel p m 5s 1936.... BBla 89 Sovatner sty development. W, Beth- 7 Atlanti, . 123% New York, N H & Hart.... 184 16% . 9 Bethlehem Steel s f 65 1943..... 98% S MUSt take the goods and Burope must Austin Nichols. . 22% 2% v YorkOntario& W... 17 17 ‘w109 Brooklyn Edison 7s D 1940..... ; POSe Of them in OUF marker, Auto Knit Hoslery..... 12815 231 o tol B Waatetn . 10941107% 915 9815 Central Leather 58 1 LT emn 9sw 98 9 Inflow of Gold Continues. STHEor i aokd b sary ok Baldwin Locomotive. . 136'% 126 1129 orth American . 22 204 5 Cerro de Pasco ’\53‘“1 e But along with this surplus of im- oL sh 4 Baltimore & Ohlo. ... . 501 47T% 4813 North American pf. 45 aam 2 96% Chile Copper 6s 1932 - 1004 0 100% | ports ‘we have to account for the duction was running mes that of | 50 X il 8 &aifuiore S.chio Pt DTa GE% Northern Paciflc. - 8% 0% i ol AP o S s o Sontinued inflow of gold. Foreign Wl v e Ihat ol Barnsdall, Class A . 20% 2 Nova ScotlaS&C... . 254 264 Sl 9 e Sug o a8 134 St 1 93| exchange quotations, notably sterling jumped 5 points to 64 and then exved | 33 5 Bayuk Bros......... 55 bau Oklahoma Prod & Refin... 34 1 ; s i 4 IR S frict oy alere 1s Wo immediate 10 621, Studebaker and Chandler each < Heechnytt sz G0 6B Onyx Hoslery pf. Loean “ Ly ? E el S Do, e oany urn in the golden lo$2%. Studebaker and Cha ’ ry SR pECEENUCEICE 0 68 QuzxiHonlrcpte o e > : {ide.” The conclusion hastily ‘drawn ikers Booth Fisherie: : e o ‘127 1 5 9 4 mpire Fuel & Gi = 93 3y { from the import surplus that outfiow & EREX Siougispois Brooklyn Edison Electric. 108's 107t Otia Steel .. T 8 27 4 General Eleetric = 100% tiafowd would result has no substan- Some e other ou in .. 3% 18 Sfitadl.. % oodrich (12 F) ‘ Ll 101 101 on of facts Moreover. the week- BDots in the INAustrinl st were Hald ErookiynRépid Trans 3% & Otis Steelpf........... 56la + K . 2 s 105 Iy statement of the federal reseive Wil jand - Amecfemt . Tniar ity Bklyn Rap Tran cfs of dep 3 11y Owens Bottle. ............ 447 42! 8 i ity L banks shows an increase in gold re Americun Can, Crucible Steel. Pan. Brooklyn an War. . 163 Pacific Oil. g . 39 g ul e Gt Ry 8erves to a new high total for the Americun and Phillips petroleums, | 123" EroskiyntinionGas. Packard Motor Car, 298 1p ol - S .5 T 10 0% 8 0% | S¥Stem. Tnderwood Typewriter and California | 341 Burns Bros Pan-. Amem.nru'rram 760 73 bidcd 3 Jans s PRt LS Now it is perfectly obvious that Fetroleum. all up 1 to' $1s points. Na- Burns Bros Class B. P AL PrieasClate D + 904 TnteE Mer == WS 6Lk x| e condition eannot continue indefi- tional Lead. American & Rt 6 ¢ Butte Copper & Zinc. 3 nter Pips saesaan 85 {15 4% [ nite is also evident, how: eral M and i } s Butte & Superior. 2‘;‘?&5:‘:?.‘;‘“‘:&-{ Kelly-Springfield Sx 1u31 1085 that the surplus of imports 1s mot Were conspicuously weak 4 3 Butterick Company Penn = . Lackaws 5 90 9 g Yet sufficient to balance the other roie : i ; i enn Seaboard Steel. .. ... 5 - 4 471, am icems in the L Foreign exchan wer rregular 3 4 Caddo Cent O & R 's Gas . Chic; 9 9 9415 Liggett & Myers oo 9% i he trade ount and it may Pemand sterling improved < lifornts Packs People’s Gas, Chicago. . .. 9 | . F G . ) TG 99 Ry 98 | e confidently stated that the beer Yo oand ateriin California Packing. ... Peoria & Eastern. . : ; fe 57 | barometer continues to be, not the Sioints 0 648 Californimbatroleumn Pere Marquette. .. 98 ¢ 98 [€Xport and import figures, but o established a ne W at 00 3 Hifoniva betoalmilitaw) T Pere Marquette prpf. 10915 103 g1, Change rates. If then, this week's 00 to the dollar 1S, | 981, lifornia Petroleum pf.. 109% 107 Philadelphia Company 2 { of sterling exchange is con et D I e Callahan Zinc & Lead..... Th 6% Phillips Petroleum. . it will be seen that the hug- Just double the rate @ week ago L1150 Phoentx Hosiery | Fold surplus is likely to stay with us Carson HUll Gold. .. .... 6% 6 PlerceiAriow for some time and must be recognized Central LeatherCo. ..., : 26% 1 z =4 N : 9 i Plerce-Arrow pf. ... 26 2675 - 3 . Sl e T 4 : Sl Danger in Excexs of Gold. : : o EAlLe P (4 - 78 Pierce-Arrow prior pf. .. .. 9 8 I {275 e i e bl 2af : : N 6 S PIerce Oll. .o.nevenans 3% IR hiagd] ey ; | economists ‘regard as the greatest 3 p 1T E 30 —— Pierce Ollpf. ... ... . .. 9 E Y {danger in encouraging inflation. Thex » de Pasco Copper. .. . : : : LU0 99m 9gr, gon g ; Pittsburgh Coal. . 2 £ o | advance various schemes to avoid Chandler Motor Pittsburgh & W Virginia - jisos < A = . 1o | the apparent peril. One of these is to ; 5 b e i 3 4 3 : Sliamiugha W Vs 7 > 2o ’1‘?;{4:” n‘{ <i<vl"f 3. A 1 n~u{my earmark” whatever that . ¢ Chesapeake & P 1 : ) 3 a6 nion Bag & Pape £ 96 97 Imayv be, a part of this gold s i Chicay & East Illingis.. 1 1 Pressed Steel Car o A United Drug ov s 1941....... 3 {rally and properis ‘Beloseian tom 13 “hi & East Ulinols pf..... 58 2. 5 Producers & Hefiners. .. .. H . 'S Rubber 1st & re B 8 rope to which it 1 e Al .,m 5 _‘:u.n'l Western. 5 ) Public Service new... .. 415 100 1° S Stee . 0 Cgarding this wold as Substantial buying support was forthcoming at the lower levels, and Izm a slight' fractional on the day §|I“I|H“I‘|I‘"H'i‘\" » Ses & dian Pacific. .. .. 15641150 HI*“‘"H‘“[“I“ {111 i+ > e 5 3 . turn. By not regarding this gol Public Service, wer & Light 5s 1944, : 1 proper basis for credit exmongion Public Service, N I pf.. rolina Chem s f 7s . 86 it is argued that the temptation for Pullman Co . 94 s 9 . rolina Chem 7ias S 18 . such expansion will be removed Punta Alegri veeses P 6 936. . , If any such artificial restraint o PureOfl....... 3 : % W o g business and speculation can s Pure Ofl pf . caee 967 3 0 5 P Wilson & ¢ %3 3 9 g 4 cessfully be set up, it will be contrary Railway Steel \Dnn‘l . 3 11 human perienc Even though . 4 3 ‘mputing -t tehison 9 4 cere changed, Atlantic Coast L E . 1 g Iw at the HE. Balto & Ohio pr in 3 3 . v 5 % 3 : Balto & Oh 448 . 7 ally” here and would 4 Reading.. . 2 Balto & Ohio 68 SO 100% : shape their affairs accordingly. Reading Tst pf. Balto & Ohio ov 4 a33. .0 Ton, It must be admitted that the check 2 Reading 2 Cetar 2 5 + 4 80 Balts & Ohio re R0 y 1o expansion resulting from the series —— Remington Typewriter. L B & O Pitts [ 7 of warnings broadeast by the banking —— Replogle Steel. 5 S > ' *wathoritics is apparently an example —— Republic Iron & i & > P a of this very nd of zartificial re- o Sosne i msolidated Textile e e s Brooklyn F . b 3 312 | siraint. It remains to be scen, however, ivery. Prices. however, wer, \u-n %5 Continental Can 3 % Resnolds Tobaoie b Tn, Canadian N 9 . 13 how long these warnings will prove maintained and as producers are well | - 3 Continental Motor. 9 9 5 262 RovalDN 2 i 5 “anadian Pa deb 45 9 k effective in the face of abundant #upplied with old orders. in some | 134 223 Corn Products Ref. . - Ru().u\d‘pf Sstany et B S e & s credit cases extending well into the third | el e . 2 s St Joseph L. g 3 Al e bt Gel T L Price Changes Confusing. auarter, the market was considered | oo Cuban-A 3 3 i t Louls-San Francisco. 2 F o1 6 - cake & Ohi E Eec REiceimovement of the w el hak 10 he ery stable co: oh A - iy - 3 t Louls Southwestern. ... - : i o & A 3, 9 een confusin id for the p Ghers us loee di it Sondition ahd Gutia Col S - A 7 32 t Loufs Southwestern pf. 6 < 5 i & Alton SEad - ) meaningles: eculative stocks and pate price reduction. T iron eon i 3 2 ; L o : avage Arr e 2 20 | 29% J : : bonds advanced. then e « Unued dull as to new orders, but Pl S a8 chulte Stores. .8 9 “hi & E i : 5 | p Suallyoreacted. No/ono.saamed to fe deliveries were liberal and the under 5 v il g2 1 eaboard Air Line. ; 5 - S ” 0 e ponk thio tunnegiate futuge Yot atE At Cuyamel Fruit . 650 2 Josch Metles., : 50 _Western 45 1950, businss, although, on the other han Copper is ‘unsettied. Recent price 3 Davison Chemic el S e i B} 9% 5 6 5 Chi M & St Paul ref 4% e 6 | no one anticipates any Serious reac shading failed to stimulate demand | De Beers Mines e e CBIaT e 3 64 Chi A a - tion. The speculative markets havc for finished products and domestic i 9 Delaware & Hudson 4 ] ol b Seple vonecied dlajiphevating Tl uvers show Tt St an their n S S : Shattuck Arizona. .. . t 1 25 1989, 82 82 tion. The investment market moved T ] 1148 13 D acka & Weat s 340 92%¢Shell Trad & Transport. .. 3 3 {.9 Aol . e 26 more uniformly covered with earlier purchases, Pro 8 { § 23 \‘0"‘ i raes oo i E 1 ShellUnfonOll.......... e s ogle o i > High-grade bonds have been dull ducers are not pressing husines: . 4 303 Dome Minen : = 1 SimmonsCo.............. 80% - 4 Pac but firm. So far the buying has been ut the declines, but lots of | 169 Y Du Pont de > . —— Efnme Petrolemn. 2 - S 3 = s mostly for the account of dealers and electolytic have been offered at fur- 4 9 . 6 Du Pont de Nem 6% deb B 1 s inclair Con Ofl........... 3 = B o & s A S ghe roke i traders rather than genuine investors. ther concessions. Domestie consum-| g Eastman Kodak...... 110%2106% 3 celly Ol . RS 5 = 4t s s (o But the trend is significant just the ers are said to he bidding 14.75 for 5 Electric Storage Battery.. 621z 60% 3 T Sloss.Shefield & an 9 e = 104 same Continued ease in money must third quarter, but scllers hold for Elk HornCoal............ 14% 14% ! outhern Pacific m Cleveland Term is .ov. 108 132 i {eventually be reflected in ‘higher . while most producers ask ] 2 Fraicatt-Tohnson. 1% 69% ! ‘ : e Tortantcem s 2 Colorado & Southern 41 - 84 4 prices for investment securities, and were liberal while loc } § Erie Raliroad 1 '9’;~ ' s outhern Rallway pf. + } con 48 1936 761 { progressing.. At the same time the Slocks increased abo 5 7 e 186 cor Manufacturing. . . lnn & R - 6s 19 & buying has not been aggressive and straits have hee ¥ s Playel shey 81 + 6 2 Standard Oil of California. o is 5 6 there has been no attempt to follow of - wer | g Famous Play-Laskey pf.. 92 ¢ 9 | 3 e 1 Standard Oil of NJ e INNI 86 asw | the market up D » b Federal Min . 4% - 5 7 Standard Oil of D 2 o s 45 3 lwad steady and une h.m;lx-d: — 2 @ifth Avenue Bu . i b 143, Sterling Prooucts a1, 8 i L\‘ 4s A 1 B ceesaeeen 5 2 | Business Holding Up Well. SINETE dve Hlow abi Conttacting o : v 4 - S A Erie cv 4s D 1 JEEEEE < to business itself, outside the re- but producers regard the gen- 5 B EReR BO0Y vace o ) 2 s Stewart Warner Spae 90 + Grand Trunk s . 1087 " e B | situation as healthy ; i 8 ahbe: o= 7 Stromberg Carb - 61— ¢ Grand Trunk 7s 1940.... A 3 construction in New York and a few e was firmer owing to a_better 13 Fleishmann Company 5 - | 7 10 Studebaker....... . Great Northern gen 73 1936. . 109% % | other large eastern centers, there has demand from both consumer and : Foundation Company... 9 1 g 7 —— Submarine Boat. - é Great Northern 1. 95 " 2 o ~ f % . i " > at No: gen 54s 1952. .. “ been little change. Car loadings con oxe. [Otfepinks arci gnL and 2 LECHORG XN == 2 | 108 —— Buperior Ofi. i Hudson & Manhattan ref 5s 19 " tinue to make new high records, a Fellers cautious becaus 4 141 Gardner Motor ... 0 s 1 ¥enneuéeeCzp.&Chem. 3 7 Hudson & Manhattan adj 53 19 « 9% 60| though the figures for general me O s sasy Il (e ieneral Amer! . exas COMpany.......... H [llinois Central b'%s 1934 & " chandise have decreased, an is L Tient P General Asphalt 2 E 7 571s 6 TexasGulf Sulphur....... — 13 et 65% Inter Rapid Transit 5 B 7! general merchandise which is taken m General Clgar. . | 19%, —— Texas & Pacific. . veee 283 20 “ i 89% Inter Rapid Transit ev A 9 9 S best measure of trade. i p 3 General Electric : 7 i+ | 32 16 1 Texas& PacificC&O..... H e Inter & Great Nor adj 6s 1952... 42 < | ilroad earnings statements have ALL EUROPEAN CROPS 4 2 50c General Electric special. .. x | 116 —— Tide Water Oil. . - 3 5 ] as, Kan C Ft Scott & M 4s 193 E b+ made very favorable comparisons s 4 120 General Motors. ». 284 334 3 Timken Roller Bear. T 38l 4 Kansas Cit ern 3s 1950, . s | with those of a vear ago. Grain IN GOOD CONDITION! s 9 General Motors pf...... ! 49% —— Tobacco Products. 52% " 3 Kansas City S 5s 195 b G |[Prices are slightly under those for a | 86 ~ General Motors 6% deb. 3 89 7 784 7 TobaccoProductsClassA. 813 i i 234 Lake Shore 4 1928.......... 5 948 9 joyealt/ago. . Copper snd lend are dis European crops were reported 10 9 General Motors 7% deb. " 24 3 6% —— Transcontinental Oil. e T t Lake Shore 4s 1931. . ¢ 2% 9% | Hosrd reports the outlook. good: e wod condition vord re- | asi 4 Gimbell Brothers. - 30 2 Transue & Williams 30 s Lehigh Valley 6s 1928.. e Wit Thavidecare ts b n laen: ay by Goldwyn Pictures 58 4 TwinCity Rapid Transic. 667 2 Louis & Nash unified Sonal Slackening of activities. Most Goodrich (B F) Company.. 32 9 I 136 10 Underwood Typewriter 72 183 Louis & Nash 1st ref | of the self-appointed business doctors Goodrich (B F) Co pf 9 y 64 6 Union Bag & Paper... 95 ‘g1 . Market St Ry con 55 1924....... 3 | agree with this diagnosis. Goodyear T & R pf . s 96 - 182 10 Union Pacific. -... 138%11334% 133% Mil Elec Ry & Lt 1st ref bs '6l. (Copyright, 1923.) Goodxear T & 2 8% DE: oo 7 6 714 & UnionPacificpf.......... T8% 12 12 3 M St P &SSM 6lgs 1931.... A Granby Consolidated. 33% 2 United Alloy szoa 35 34 34 % Mo Kan & Tex 1st 4s 1990 . 16 i Great Northern pf. .. 77% 150 United Drug. - 84 81 81 3 Mo Kan & Tex pr In 5s g 3 LIVE STOCK MARKETS. : . 3 Great Northern Ore ctfs 119% 15214 10 United Fruft.... <171 170 170 7 Mo Kan & Tex adj 54 E Tarm (Spesial §aia a radiog ce B 3 Greene Cananea Copper-. . . 4 714 % 11% United Raflway Invest.... 14% 13 13 i Missouri Pacific 68 1949 " DALETMORE, Mo Sune ool fdepartment from its {148 3 Guantanamo Sugar. .... 9 20% 26 United Rwy Investpf..... 4214 40 40 4 E Missourl Pacific gen 4s 1. Z s —The genera} live cattle market rules in Berlin, ‘19 P Gulf, Mobile & Northern 3 2 7le 4315 « 64% United Retail Store: L 1% 16 % . O Tex & Mex inc 5s 19; ST 78 ! steady, with receipts of first quality ] . Guif, Mobile & North pf. 3 3 164 1 22% USCCIP & Foundry 264 26 25 ‘ ¢ York Central deb 6s 1935.. 6 stock only fair, but ample of common | COTTON STAGES RALLY. T Gult States Steel. ... 50 % 65 USCIP & Fdy o StTI% 6TH 69% ew York Cent deb 4s 1934 95t i Hartman Corporation. ... 4+ 82 185 17 U S Hoffman Machine..... 173 17% 17% y York Cent ref Imp 5s 2013. 5 S bs e- 3 3 Hayes Wheel........... 7% 37 49% U S Industrial Alcool...| 57% 53% b4% 73%4 N Y NH & H cv deb fis 1948. TiAnd Bat fah Tambatana old. shosh Ofdars ALt Household Products. ... 5 ~ % | 923 56 88la United States R & Imp.... 100% 98% 98l 4 N Y West & Boston 435 1946, .. draggy, even at discounts. Wharf Q’rnders Put in B“Y"‘g EaeLS R Houston Ofl. 1021 100% 102% USR & Imp pf. .. 103% 108% 103% % Norfolk & Western con 4s o 88 receipts light and mostly of ordinary Sharp Slump. 914 Hudson Motor Car | 6% 46 49% United States Rubber..... 5314 49% 50% ‘ Norfolk & Western cv S50 ook Guotations toduy at Light 7y Huppmobile Motor Car.... 22% li07 ~ 91 98% U S Rubber 18t pt. .. L1004 99% 99% — 65 62t: 59 Northern Pacific 3s 1947........ 6 i street whart: N June 2.—A continua- |, ¥ 1linois Central. .. 45%. 32% 29 USSmelt R & M. L 81% 301 31% orthern Pacific 4s 1997 51 3 Beef cattle, first quality, 8 to 9 O yesterday's seliing movement Tnidependont O1l & Gas 3 1111 82 % 94% United States Steel. .. 9915 394% 95% orthern Pacific ref imp 6s 2047 medium, 6 to 7. Bulls. as to quality, nt the price of October contracts =5, Indiahoma Refining 128 114% 116% United States Steel pf..... 118% 117% 117% Northern Pacific ref imp 58 2047 96! 4 to 6. Cows. choice to fancy, 5 to 6 off to in the cotton market dur- Utah Copper 66k 6444 64% Ore Short Line gtd 5s 1946...... Common to fair, 23 to 4. Oxen ag to . 19% 18% 19% , . Ore Short Line ref 4s 1929 2° 7 | quality, 4 to 6. Milk cows, choice to Vanadium Corpor: 33% 33% % Ore-Wash 1st ref 4s 1961.. . e D oL Tt comion Virginia-Carolina Chem. " 11% o7 Bannasivants con £ 1040 Veal, Gholos, 1b. 11; ordinary to me Va-Car Chemical p 31 28% Pennsylvania gen 43%s 1965. . by Al : dium, 9 to 10; rough, common, thin, &V;v-:do‘l» 20% u:y. 19% Pennsylvania 6%s 1936. . 7 to 8. Sheep, cholce. 1b., 6 to 7. Old abash. .. 2 9% 9 Pere Marquette 1st 5s 1950. ... , e LR Wabash pfA.... 29% 27 273 Reading gen 4s 1997 , fall, choice. 13 to 14; fair to Waldorf System.. 38% 36% 36% - RIArk & L 4%s 1934 : 7% good. 11 to 12; common, thin, 9 to 10 Weber & Heibron . 14% 14 14% StLIM&SR&G ds 1933 7 spring, as to quality, 12 to 15. Hog: West Penn 51% 50 60 St L & San Fran pr In 4s A 1950 straigkt, 7 to 8. Sows, § to 6, Stags Western Maryland 12 1% 11% St L & San Fran pr In 6s 1950 and boars, 4 to Live pigs, as to 27% 13 26% 20% ‘Western Maryland 2d DL, 26 28% 24% St L & San Fran inc 6s 1960. x size and quality, 10 to 12. Shoats, as 24% 18% 20% 15 Western Pacific. . o174 16% 16% St L & San Fran 6is B 1942, ... to size and quality, § to 10. St L & San Fran adj 65 1956. NEW_YORK, June 2—Cattle—Re- 64 51% 63% 53 6 Western Pacific ot . 60% b5B8% 58% 5 4 ceipts, 500 head; no trading. Calves, e Telrnin = 121 8 119K 104 7 WesternUnionTeleg ... 108% 1074 108 e it Tecaipts, 530; steady: Virginia veals heavy liquidation, the wheat market Int Telephone & Teleg. 68 116 8 120 83 7 Westinghouse Air Brake.. 85% 84% 84% 4 Seaboard Alr Line adj 5s 1049 Fecelnts, BU0; Kteaay, VArEina vesls showed rallying power today, helped | 20% Invincible OIl. ... 13% 654 49 674 G2 4 WestgnouseElec & Meg.| 574 S4 66% Seatoard Alr Tine con 68 1566 7 1L00MI150., ‘Sheep andlamby. receipts by a_denial from a representative of | 25 ron Products 45 16% 6 10% T Whealing & Lake Kie 8% % 8 e e s 200500 Tambs, 125041 the Department of Agriculture that a| 22% 24 Jewel Tea.. . 19% 34 25% 30% 24% ‘White Eag .. 2Th 264 2Th e T Paciit ool fu 94y 10.00a12.00. Hogs, receipts 1imit h‘:ad been placed on the amount | 76% 82 Jewell Tea pf % 73 54 85% 60% 48% ‘White Motors. . 5315 514 51% soulh:m e steady; medium ~ welghts, 7.75a8.0 of trading in future deliveries. Prices b4% 34l 63% Jones Bros Tea 57% 50% 27%. 424 2T% Wilson & Co. 30% 30 30% e ny Pty S pigs and heavy hogs, 7.00a7.50; closed unsettled, %e to e net higher | 109% 107% 109% Jones & Laugh pf. 107% 4% 8% 64 — Willys-Overland.. Th 6% 6% Sintern Ky EEnds R o Ponighs. 5.50a6 25, with July 110% to 110% and Septem- | 30% 17 24% Kansas City Southern, ... 19% 49% 24~ 69% 42% — Willys-Overland pt. 65% 58% 624 e . ber 110 to 110%. Corn finished at %c| 59% 524 5% Kansas City South pf =, 53% 228 137 2391 199% -8 Wooiworth (F W) . 230% 226 226 D A e b RUN BUILDINGS HIGHER 10 1%a1% main; oats, %a% to 'zc ub,| 48% 34 4b% Kayser (Julius) & Co 31% 55% 26% 404 27% —— Worthington Pump... ... 8215 81 31 aioh Bef i At 4x Js1. 9% . and provisions unchanged to an ad- | 53% 344 62 Kelly Springfield Tire. 3% 117 6. 11 84 1 Wright Aeronautical..... 10% 10% 10% Usion Pcific cv ds 1937, CHICAGD Save ¥ (Hgecial)—Phi vance of 2lsc. 2 19 61 174 Kelsey Wheel . 1025 4 — 80 67% 4 Youngstown Sheet&T.... 71 69 70 7abash lst 58 1939 demand for office space in_ the loop — 39% 5 Kennecott Copper 35% 1% | gSelling ex-dividend. s e e % 96% | district here is w0 great foday that Fish dealers .solemuly announce | 24% 4% 11 Keystone Tire & Rubber. 6% 14| Dividend rates as given in the above sble are the annusl cash pay- . several large buildings are adding that this Is a backward season for G Kinney (G) (). . 60% 189% 110 , 248% BT Prices Well Maintained Dur- Chie Bo.R 1 Chi RI& Pac ing Week—Copper Un- 0; 4 ::u:lx:'{fi,:*a;-;nc % 3 : e Copper......... : “hino Co settled. : % 7 Coca-Colar. g : Colbaan Sounem. Al ¢ T 137 — Ray Consolidated Copper. P —— Rapid Transit pf w i. By the Ansociated Press v 6 9914 Columbia Gas & Electric NEW YORK. June 2—#0 far as 3 Columbia Gas (new) . market was again neglected and |.m.l onsolidated Cigar. . i Consolidated Gas new. ers seemed less anxious rut Cuba- e to ordinary stock, which is slow to 1+ fng today's early trading. This made | 11% Indian Refining. Z;’: sgv‘ 4oeln a decline of 51 points from Friday's Inland Steel v Clcsing quotations and of 224 points | 45 Inspiration Copper. . 53% 30k 4% 30% from the high price of last Monday. | 32% 7 Interboro Rapid Transit 36% 28% 27 8 ividently this was sufficient to at- | 11% Internat Agricultural. 4% tract a good deal of covering for| 431 Inter Agricultural pf... 16 over the week end. while liquidation | 38% International Cement . 38% 364 tapered off, and there was a rally to| 30% Internat Comb Engin 22% 2 for October in the late trading. | 26% Internat & Great North. 21 October closed at 23.25, with the gen- | 1157% International Har, new . 81% eral market closing firm net 20 points | 271 Inter Merchant Mraine % lower to 7 points higher. - 87% Int Merchant Marine pf. 28% 19% International Nickel. 18% WHEAT MARKET TURNS. 84y International Nickel pf. 78% 637% International Paper. ... L 45% CHICAGO, June 2.—After a week of el I ‘4_ o +1 82 58 69 25% 16 6% 23 16% 4% 6 1% 8% 85% 19% 34w 284 e w— 44% 36% 17 10% 15% 124 — — 52W 38% 17% 8% 15 10% (e RN + 1 III““"H“III|‘"|“l“||‘"|§l| Il I+ L+ 0+ - & 8| e 2 EREFRES - WEEREF 1+ +8+) (PR B I L T N o N, % 2 + » 5 Western Pacific 55 1946 9 79% | more stories. and other landlords are % Iments based on the latest quarterly or ly declarations. Unless S| x - i Kresge (5 8) Company 225 2256 — 5 otherwise noted, extra or special dividens ai nnt included. t Partly extra, ‘West Shore 1st 4s 2361. , 80% | preparing to follow this example. t'wll“ll‘l“llIl‘"“‘l“l"l‘"l““l

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