Evening Star Newspaper, June 5, 1923, Page 28

B 28 STOCKS DOBETTER INFINAL TRADING Dullness Appears to Be Set- tling Over Market Because of Uncertain Outlook. ‘BY STUART P. WEST. spateh to The Star. YORK. June 2 brief spurt in some of the railw stocks soon after the stock market opening this morning, following which interest returned to the indus- trials, 5.—There wa: Pere Marquette was the leader of | group, and its advance above 44 was responsi- of the buying which the lower-priced sette directors are tockk on a §4 divi- dnesday’'s meeting srn railway common. Pittsburgh Virginia and Wabash pre- A were rather actively bought i so was New Haven : “short interest in w Haven is supposed to be a good-sized one, hav- ing taken its position on the unfa- vorable showing of earnings at a time when most other carriers have heen doing well There was also in the Wall street the railway new h for : into other of Ma the much 15 Pere expected to p d basis at W wnsiderable activity although recent estimates regarding what :. have been alto- They e been the results for the last and have not allowed for Erie rally o h more than s for the year as a zuring on nth or so d 0il Remauins Weak. Maryland Oil continued to feel the unfavorable e! planned in the outs Other membe wup were conside sut than they have Dav Chemical wa awain on rey which were current t Royval Dutch is nego- the purchase of the much= Silicia-Jel process.” . was special strength again in Department stock in anticipa- E in the dividend rucks went off a tion terly. action = selling did + dividend on anticipated in the rily anding of the y less been re- strong inerease stock issue. ucks is Financinl Review and Outlook. today the various markets d to be settling down to the aull nd uncertainty t which are characteristic June month of de- prices. correcting the ex speculation of the spring. In when the markets were drawing ion of their great . the month saw ex- on the stock ex- a weakness ily June is when t a an business m better line on and when there is osition to hold ba ops get farther along the date for the special the directors of tha Smelting _and _ Refining dividend action. It i8 t the stock will be 1 basis, though only §4. Earnings for they are run- H share. 000,060 placed on look for ¢ such a rate, at approximately company has over $1 1 Asphalt persist- eg without any special causes appar- ent. Some are inclined toward the view that the stock has been over- rated in the market. Asphalt always has been a mystery, for little infor- on is avallable regarding the ions of the company and the aents in the stock usually are ained. MARKET CLOSES UNEVEN. ling of Gen Sales Total 500,000 Shares—Fisher Body Soars. Iy the Associated Press, NEW YORK. June 5.—TIndecisive price movements characterized to- day's trading in the stock market, e of the dullest full d ions his v The principal activity cen cered in few although better demand oted for the equipments and low-pric -< ‘approximated 500,000 shai The closing was irregular. al nia Petroleum dropped more than 4 peints and International Harve: sank to a new low for the ye: the final hour, while Fisher Bod tended its gain to points. 5 CASES OF LIQUOR CAPTURED IN RAID Two Arrested After Alleged Busi- ness Deal With Police Agents. Five cases of liquor were seized last night by revenue agents and the police. It is alleged that the liquor s about to be delivered to police agents at 12th and I streets when the raid was made. Louis Pano Kekes, 1700 U street, and C. E. Papolas, 1915 16th street, 2lleged to have made the deal with the police agent, were arrested, and the car and liquor seized. Revenue Agents Packard, and and Detectives M er and of the first pre et dry cem squad made the arrests 1 seizur harges of conspiracy, lling, transporting and illegal pos session were filed against the de- fendants, : When the first precinct police sta- tlon was reached and the question of bond discused it was agreed to accept a bond of $3,000 for each de- fendant. Bond Ruby was furnished fendants without were not detained. was seized. ROAD HAS LARGE PROFIT. Chicago & Eastern Illinois Reports H Fine Year. CHICAGO, June 5.—Despite de- creases in freight and passenger service operating revenues exceeded dperating expenses of the C...cago and ern 1llinois railroad by more than $3.500,000, according to the an- nual report for the year ending De- Gember 31, 19 for ‘the de- delay, and they The automobile operating expenses 33, as compared with operating revenue. Gross income after deducting the un- collectible revenue was $3,115,257.75. " Loss in freight revenue was due entirely to the coal strike, the state- mpent said. CALL MONEY FIRMER. L NEW June 5.—Call money ruling rate, tered at 5% loans against ac time loans steady 60-90 Adays, 43a5; 4- 5 FINANCI ect of the n-be- | AL THE EVENING STAR, WASHINGTON, D. C. NEW YORK STOCK EXCHANGE Afax Rubber. Alaska Juneau. Allfed Chem Allis Chalmer: Am Agr Chem Am Ag Chm pf.. Am Brake Shoe Am Can. Am Canbof... Am Chain A Am Chicle Co. Am Cotton OIl. , Am Drugglst. Am H & Leath.. Am H & Lea pf.. AWITEEL .. oo | Am Internat’l Am Locomo. Am Roll Mill of. Am Safe Razor.. Am Skip&Com. . Am Smelting. .. Am Smelt pf Am Steel Fa Am Stl Fdy pf Sugar. . Am Sumatra. Am Tel & Telg. . Am Tobac (By.. {Am Tob pf (n).. Am Water Wks. Am WWk6% pf. { Am Woolen. . Am Woolen pt. . Anaconda..... | Ann Arbor pt Arnold Co. Asso D Gool Atchison. . Atchison pf. Atlan Bir&Atl. . Atlan Cst Line.. Atl Fruit etfs. .. Atlantic Gulf. .. Atl Gulf pf. Atlas Powder... ! Baldwin Loco Balto & Ohlo. | Barnesdall (B). | Batopilas Min Beth Steel. . . Beth Stl 7%(n). . | Blumenthal pf. . | Bklyn Edison | BXlyn Rap Trn Bklyn R T ctfs.. Bklyn Un Gas | Burns Bros (A). Burns Bros (B). Butte Copper. ... Butte & Super.. Caddo OI1. Calif Pack | calit Petrol | Salit Petrol of. . Callahan Zinc Canad’'n Pac Central Leath Cent Leath pt Chandler Mot Chesap & Ohlo.. Ches & O pf wi.. Chi & East 111 Chi Grt West... Chi Great W pt | Chi Mil & St P Chi MI1&StP pt Chi & Northwn.. Chi Pneu Tool... ChiRI& Pac... Chi RI&P 7% pf. Chile Copper. Chino Copper. ... Cluett Peabody. Coca-Cola. .. Colo Fuel. . Colo & South. Columbia Gas Columbia Gas wi Columb'a Grap. Col Graph pf. Comp Tabulat.. Cons Cigar.... Con Gas néw.... Cons Textile. ContCan...... Cont Can pf . Continental Mo. Corn Products. . Cosden & Co. | Crucible Steel. | Cuban-Am Sug Cub Cane Sug Cuba Cane S pt. Cuban Dom’can. Cuyamel Fruit.. Davidson Chem. Detroit Edison.. Dome Mines. ... Dupont (E I) Dupont deb. Eastman Kod Elec Stor Bat Erle. Erie 1, Erie 2d pf. Famous Play. { Famous Play pt | Fed Mines & S.. | Fd Mines&sS of. Fif Av Bus wi Fisher Body Fisk Rubber. Fleishman. ceport Texas. . {Gen Am Tk Car. & Gen Asphalt. ... Gen Asphalt pf.. { Gen Blectric.... { Gen Motors. ... | Gen Mot 6% deb. Glidden.... Goldwin Corp Goldwyn (new). Goodyear pf. Goody pr pf wi.. Granby Consol. Gray & Davis Gt Northern pf. Great Nor Ore... Guantana Su. Gulf M & Nor pf. Gulf St Steel.... Harbishaw Cab. Hartman Corp. . Hayes Wheel. .. Househ’d Prod. Houston OIl Hupp Motors. Hydraulic Stl... Illinols Central. Indiahoma. Inland Steel w 1. Inland Stl pf w l. Inspiration..... In Ag Chem pf.. Int Cement. . Int & Grt North 1Int Harvester. int Mer Marine Int M Marine pf. | Int Nickel “ee Int Nickel pf.... 1ntl Paper (sta). 1nt Tel & Teleg. Invincible Oil... Jones Tea. . | Kansas & Gulf. | Kansas City S ser (Jullus). Kelly-Spr Tire. i Kennecott. Keystone Tire.. | Kinney G B Kinney G R pf. Lee T & Rubber. Lehigh Valley. . Lig & Myers pt Lima Locomo. Loews Inc Lorillard LoftInc....... Louls & Nash Mack Trucki Mack Trucks 1st. Mack Truck 2d. . Macy Co.. . | Maliison & Co... Manhat El Sup Manhat Shirt Maxwell (A). May Dp Stores. . Mex Seaboard Mex Seabd ctfs. Miami Copper. Middle StOll..... Midvale Steel. .. Minn & St L (n). MK&T pf clA () Mo Pacific. Mo Pacific pf. Montana Pow. Montg’y W'rd... Mother Lod Nash Motors pf. Nat Biscuit w1 Open 10% 1% 70% a1 19% 46 73% 993 110 23% 10% 9% 5% 8 43 99 28 140% 29 6% 14 68% High. 10% 1% 70% 41 19% 46 3% 997 110 23% 10% 9% 5% % 140 Low. Close. 10% 10% 1% 70% 41 18% 45% 3% 98% 110 28% 10% 9 5% 8 99 23 70% 41 18% 45% 8% 90% 110 234 10% 9% 5% 8% 41% 100% 284, 141% 99 6% 14% 60% 974 36 102 72 25 123% 144% 102% 433 61% 90 101% 45 36% 1313 99 6% 60 364 72 1% | Natl Lead Received by Private Wire Direct to The Star Office Open. High. Low. Glose. 64 664 120% 120% S 3% 18% 14 94 9 36% 85% 32 32 7% 99 17% 18 1% 18 18 20% % 6 32 234 94k 100% 44% Nat! Enamq Natl Ry of B Nevada Copper. N Or Tex&Mex. N Y Air Brak N Y Canners. N ¥ Central. NYNH&Harttd.. NY O&Western. Norfolk South North Amer..... North Pacific Ohio Bdy & Blw. Ohio Fuel Sup. Oklahom Prod. . Onyx Hoslery pf Otis Elev pf..... Owens Bott! Pacific Develop. Pacific O11. Pac T & Tel i Packard Motor.. Packard Mot pt. Pan-Am Pete Pan-Am P (B) Penn Coal & C'ke Pennsylvania. .. Penn Seabd Stl.. Peoria & East... Pere Marquette. Pere Mrq prpt.. Phillips Jones Phillips J pf. Philip Morrt Phillips Pete. ... Phoenix Hoslery. Plerce-Arrow... Plerce-Arpf.... Plerce Of1. 6 33 244 94k 100% 44% % 36% 94 13% 0% T4% 694 38% 4% % 11 43% 73 62 920 14% 48% 34% 1% 24 31 45% 104% 62 42 4% 93 119 59% 224 100 44 12% 4% 52 19 51% 95Y 65 48% 21% 30 893 6% 6% 8% 17% 91% 30% 20 L) 24t 504 883 83% 66% 17 93 5314 84% 115% 95% 91 73 112% 11w 3% 14 10 45% 60 22 16% 13% 38% 813 L 175% 135% 1693 39 27% 7 354 17% 56% 98% 50% 99% 96% 117% 20 82l % 2% 94 12% 904 T4% 68% 39% v % 11 43 73 62 90 Postum Cereal.. Pressed Stl Csr. Produc & Ref... Pub Serv (new). Pub Service. Pullman Co. Pure O11 8% Df. RapTr Sec pf wi Ray Con Cop. ... Reading. Reading 1st pf. Replogle Steel. . Rep Ir & Steel Rep Ir & Stl pf.. Rey Tobac (B).. Royal Dutch.... St L&San Sran.. St L Southwn Schulte Stores. Seaboard Air L.. Sears Roebuck.. Seneca Copper-. . Shell Union. Shell Uniop pf. Simmons. Stnclair Ofl. Sinclair p! Skelly Ofl......¢ Sloss-Sheffleld. . South Pacific Southern Rwy. .. Southern Ry pf. . Spicer Mfg Co. Spicer Mfg pf. St Oil of Calif . Stand Oilof NJ. . St Oil of NJ pf. Steel&Tube pf. .. Stew't-Warner. Stromb’'g Carb Studebaker. .. Submar’e Boat Superfor O! Sweots Co of A.+ Tenn Copper. Tex Company. Tex Gf Sulphur. Tex & Parcific. Tex&PCOll... Third Avenue. Timken Rear.... Tobac Prod A... Trans Cont Oll. « Underwcod.. Union Pacific. United Fruit Utd Ry Inv pf. USCastIrP.... USCastIrPpf. US Food Prod. . U S Hoffman M. U S Indus Alco. . US Realty... U S Rubber. U S Rub 1st pt. U S Steel. U S Steel pf. Utah Copper Utah Securities. Vanadium Cop. . ‘Wabash. wese ‘Wabash pf (A).. Waldorf (new).. Wells-Fr Exp Western Md. ... West Pacific. ... Western Union. Westhse EI&M.. ‘Wheel & LE pf.. White Eag Oil.. White Ofl....... Willys-Overld. . Will’s-Overl pt.. ‘Wisconsin Cent. Woolworth. 9814 49% 99 96% 117% 64% 19% 324 9 28% 18% 41 11% 17% 106% 55% 14 26% 2% 6% 61 30 224 High. Low. Call Money..... 5 4% HOURLY SALES OF STOCKS. 11 a.m. 14730012 m 250 800 1pm, 309200 2p-ru. 419 400 WALL STREET NOTES. Maxwell Motors Pays Off Notes. Regular Dividends. Dispatch to The Sta NEW _ YORK, Juae 5—On June 1 Maxwell Motors Corporation paid off all of the $2,300,000 series B notes, leaving only £4,500,000 of the series C notes outstanding, which are due June 1, 1924. Maxwell has reduced its note ‘indebtedness by $8,000,000 in less than two years Ex-dividends today. Du Pont De Nemours common, North American, new common and preferred; United States Realty and Improvement common. Regular guarterly dividends today- R. H. Mallison’ preferred, Goodyear prior preferred, Orpheum Circuit pre ferred, Electric Auto-Lite common, Owens Bottle preferred and a 75-cent dividend on common. Universal Leaf Tobacco, Inc., has declared a 3 per cent dividend on common and a 2 per cent dividend on_preferred stock. New York bank clearings, $739,- 000,000; New York bank balances, £71,000,000. New York Federal Re- serve Bank credits, $56,000,000; Bos- ton bank clearings, $66,000,000. TODAY'S COTTON PRICES. NEW YORK, June 5.—Cotton—Fu- tures opened steady: July, 26.12; Oc- tober, 23.16; December 22.88; January, 22.58; March, 22.53. Futures 11:45 a.m. bids steady. July, 26.17; October, 23.28; December, 22.98; January, 22.75; March, 22.60. NEW ORLEANS, June 5.—Cotton futures opened quiet. July, 26.34; Oc- tober, 22.54; December, 22.35; January, 22.25; March, 22.16. 'utures 11 a.m. bids steady. .57; October, 22.§1; January, 22.45 aske SHELL OIL DIVIDEND. ST. LOUIS, June 5.—The Shell Union Oll Corporation yesterday declared the regular quarterly dividend of 25 cents on each share of common stock, payable s 130 to stockholders of ~record une 14. PENNSY ORDERS RAILS. PHILADELPHIA, June 5.—The Penn- sylvania Railroad Company has placed an order for 10,000 tons of steel rails with the Carnegie Steel Company. it was announced today. Additional orders, it is expected, will be placed with so- called indeperident steel concerns. - NEW YORK EGG PRICES. NEW YORK, June 5.—Eggs—Weak; receipts, 44,035 cases: fresh gathered extra firsts, 26a26%: do., first, 25a 2515 do. seconds. 23%4a24%: fresh gathered ‘storage packed extra firsts, 27%3a28%; do., firsts, 26 64 20 32% 9% 29% 18% 41 1% 17% 106% 66% 14 27% 2% 6% 9 29 18% 41 1% 17% 106% 56 14 26% 2% 41 11% 17% 106% 564 14 27 2% 6% 61 6254 30 314 . 227 227 62% 31% 226 Last, 5 July, December, 22.52; March, 23.3' 6% ! SENTIMENT DIVIDED ON BOND QUTLOOK Quotations Little Changed Today—Foreign Issues Still Remain Strong. BY GEORGE T. HUGHES. NEW YORK, June 5.—For the most part bond quotations were little changed today. Sentiment as to the long range outlook was divided. Although prices have been slowly advancing for the last two months many traders held that the rally was only temporary and that with increas- ing demands on the money supply in the fall the downward movement in bonds would be resumed. The Har- vard economic service was quoted as supporting this view. It was also pointed out that the banks still hold large amounts in bonds which if they should come upon the market would have a depressing influence. Status of Forelgn Issues. It was admitted that foreign issues were subject to special influence. In the majority of cases foreign bonds {sell to give such a large return that !they are not governed by money market conditions. And no matter what the tenor of news dispatches |from abroad is. the Wall street view {remains optimistic of an early settio- ment of the reparation tangle. This optimism is reflected in the firmness of the French and other continental bonds. notwithstanding periodic | weakness in the exchanges. At any rate the foreign bonds were the only | ones in which any considerable i terest on the buying side was shown today. Advances were only fractionul but the general tone was good. City of Zurich Ss were especially well bought. Among the South American issues there was_strengtth in Bolivia 8s and Argentina High-grade rails and industrials were practically unchanged. United States Rovernment loans were slightly high- er, but very dull. Price Change Uneven. The middle grade and speculative bonds moved frregularly. There was weakness In Virginia-Carolina 7s and in the Chicago Railway 5s, but in both ses the reason was a special one. Among the rails St. Paul issues were firm. with the greatest advance in the convertible 4ls. There was also a good demand for the General Mort- | gage 4s, the 41;s and 312, These, how- {ever, are in a fair way to regain their iformer Investment position consider- ing the improving earning .ower of the St. Pauls. Great interest was manlifested in the reporc that the Cuban government would back a part of the $50,00,000 is- sue of 5% per cent bonds offered in January at 883. The reason assign- ed for the return of a part of the bonds was the great improvement in the Cuban financial situation. It is no secret in Wall street, however, that the price at which the bonds were originally brought out was generally | considered well above the market. FOREGN LANEUAGE * STATE LAWS VOD U. S. Supreme Court Says School Teaching Cannot Be Restricted. The United States Supremt Court vesterday declared void state stat- utes ,which would prohibit the teach- ing or use of foreign languages in all schools below the eighth grade as an unlawful encroachment upon the rights conferred by the fourteenth amendment, which provides that “no state * * * shall deprive any person of life, liberty or property without due process of law.” Justice Holmes delivered a dissenting opinion, in which Justite Sutherland joined. The question was presented to the court in cases coming from Iowa, N braska and Ohio. Eighteen other states with similar statutes partici pated. Justice McReynolds, who delivered the majority opinion, asserted that the fourteenth amendment without | doubt denotes not merely freedom from bodily restraint, but also the right of the individual to contract, to engage In any of the common occu- pations of life, to acquire useful knowledge, to marry, establish a home and bring up children, to wor- ship God according to the dictate: his own conscience, and generally enjoy those privileges long reci nized at common law as essentia! the orderly pursuits of happine: free men This liberty, the court added, «an- not be interferred with undag the guise of protecting the publi er- est by legislative action whih is arbitrary or without reasonabl: rela- } tion -to some purpose within the com- petency of the state to effect. Final determination “of what constitutes | proper_exercise of police power is with the courts, Justice Melteynolds | asserted, and does not rest with the legislatures of the states. TRY GERMAN PROFESSOR ACCUSED OF CONSPIRACY Charged With Seeking League of Nations Headed by France. Two Associates End Lives. By the Associated Press. MUNICH, June 5—The trial for treason of Prof. Fuchs, a dramatic critic, and others, in connection with an alleged conspiracy to form a con- tinental league of nations under the domination of France..s on. One of the defendants, Herr Machaus, a_musical conductor, committed suicide by hang- ing in his cell Sunday night. Dr. Kuhnle, former legal adviser to the Munich’ town council, who also_was taken into custody at'the time Fuchs and the others were arrested, com- mitted suicide by shooting shortly after his arrest when he was tem- porarily released trom prison. Fuchs in the course of his exam- ination admitted that negotiations were in progress with a view to se- curing the co-operatoin of the Bavi jrian reichswehr with nationalist or- ganizations. B o | A dispatch trom Berlin last March announced that a coup d'etat swhich had been planned had been averted by the arrest in Munich of fifteen persons. The ringleaders in the al- leged conspiracy were given as Prof. Fuchs, Herr Machans and Dr. Kuhnle. !N Y Edsn 1st 6%s. | PhilaCoref 6s A TUESDAY, JUNE 5, 1923. FINANCIAL.” ' Grain, Produce and ION NE K BONDS@ Live Stock W YOR Received by (Bales are in §1,000.) UNITED STATES BONDS. (Fractions represent thirty - Example: 101-1 Sales. High. Low. Lib 3%s 197 100-25 100-19 Lib 1st 4% 25 98-10 98-7 Lib2d 4%s... 391 98-11 98-6 Lib3d4%s... 241 98-26 98-12 Lib 4th 4%s.. 521 98-10 US4%e 1952, 249 99-19 . Low. 102 102% 96 101% 91% 81% 83 97% 101% 100 101% 100% .99 104 102% 103% 46 92 9% 95% 109% 98% 92% 97% 9654 9114 100% 95% 94% 897 9344 92% 81% 83% 814 81% 56 38 101 110% 9815 7 81% 107% 101% 944 941 995 89 72 81% 115% Argentine 7s Belglum 7%s Belgium Belglum Bolivia Bordeaux Brazil 7 Brazil 8 Brazil 7%s Canada 5s 1926 Canada 6%s 192! Canada bs 1931. Canada 53 1952. Chile 35 1946 Chile s 1926 Chile 8s 1941 Chiness Gov Ry 58 Copenhagen 5%s Cuba5%swi.. Dutch East T 63’47 34 Dutch East I 6s '62105 Framerican 7% 6 French Govt 8s... 59 Irench Govt 7%s. 113 Haiti6sctfs...... 11 Holland-Amer 6s.. 15 Japanese 1st 4% 2 Japanese 2d 4% Japanese 4s. ... Jergen U M Gs '47. Lyons 6s. Margeilles 6s Mexico b Mexico Netherlands 6: Norway 8s Norway 6 e Paris-Ly’s-Med 6: Prague 1%, 10 3 15 5 6 93 18 Queensland 7s. Queensland 6s. Rio de Jan 8s 1946, Rfo de Jan Sao Paulo.State, 3 4 Seine, Dept of. 7s.. 82 erbs Crotes Slo $s5182 4 1154 Ud Kingm 51 '29. 41 114% 114% Ud Kingm 6%s'37 7 1087 103% MISCELLANEOUS. Am Agr Chem 7T%s 11 99 Am SmIt&R 1st 6s. 36 90% Amer Smelting 6s. 42 Am Sugar Ref 6s.. 15 AmT& Tcl trbs., 27 AmT& Tcltrds.. 9 Anaconda cv db 7s. 60 Anaconda 1st 6s. Armour & Co 4% Atlantic Refin 5 Bell Tel Pa 5s ret: Beth Steel rf & Beth Steel s f 65 Bklyn Edison 7s D Central Leather 53 Cerro de Pasco 8s Chile Copper 6s. Con Coal Md 1st Cuba Cane cv 4 8 Det Edison ref 6s Du Pont de N Ti%s. Duquesne L* 7is. Duguesne Light 6s E Cuba Sug 7%s.. Empire F&G T%s. Gen Elec deb 5s Goodrich 6%s Goodyear 8s 1931 Goodyear 8s 1941 Humble O&R 5% Indiana Steel 58 Int Mer Marine 6 Int Paper 1st 5s A. Int Paper 1st 5s B. Kelly-Spring 8s. Liggett&Myers 5s. Manati Sug 8f 7%s Marland Ol 7%s. .. Marland Ol 8s w.. Mich St Tel 1st 5s. Midvale Steel 5s. New Eng Tel 5s. 5 1 4 2 982 90% 1007 102 97 917% 101% 97 8414 98% 97% 9414 9815 108% 987, 128% 100 88 944 103% 107 107 130 99% 874 98 109% 9815 104% 93494 934 91 1077% 91y 91% 100%% NYG EL H&P 5 N Y Tel 6s 41 NY Tel 4%s. N Am Edison 6s. N States Pow 5s... 12 Northwst B Tel 7s. 16 PacificGas & El5s 2 PacT& T6s'52... 3 9 9 - Roavaswmaw=nele 21 Plerce-Arrow 8s. Public Service Punta Alegre 7s. 841 114 994 98% 87 105% 97 113% 88 107% 102% 89% 984 6 10 16 Sin Crude Oil 5%s. Sin Pipe Line 5s. St Ofl of Calif 7s.. Union Bag & P 6s. Unit Drug cv 8s. U'S Rub 1st rf 53 U S Rubber 7% USSteelsfhs.... 26 Utah Pow & Lt 55. 10 Wertientes Sugar s 5 Va-Car Chem 7s... 36 86 Va-Car Chm 7%s'v 10 70% West Ualon 6% 6 110 \Wilson & Co 1st6s 5 98 Wilson&Cev 7%s. 3 98 Wilson & Cocv 6s. 2 91% —_— BUTTER TAKES DROP. CHICAGO, June creamery, extras, 38+a383 3532a36 E Eggs, receipt firsts, 23%: ordinary miscellaneous, 2215a23; 11 nd — CHAN By the Associated Press. NEW YORK, June changes irregular. Quota S. dollars: Great 4.6212; cables, 4 on banks, 4.60%. 0646, 46615, Belg] cables. 0559, and, .000014; sixty-d Italy bles, .3920. Norway Sweden — Demand, Demand, 1833. Swi .1804. Spain—Dem: —Demand. . 000019, Czechoslovakia — Der 10209, Argentine—Demand, Brazil — Demand... .1037. 9713-1 Zerland—Der nd, .1516. G —_— BOSTON STOCK MARKET. BOSTO! June 5.—Following list of tod: highest, lowest and ing prices for the most active stocks dealt in here: Am Tel & Tel Amoskeag Arizona com Boston & Mont . Boston Elevated Calumet & Arizona Calumet & Hecla . High. Low. Hardy Coal Hood Rubber Taland Creek . Libby, MeN & Libby . Massachusetts Gas . Mayflower O C . Mexican Invest New Cornelia North Butte . METAL MARKET. NEW - YORK, June 5.—Copper ateady: electrolytic spot and futures, 15. Tin firmer, spot and nearby, 42.00; futures, 41.87. Iron steady: prices unchanged. Lead steady, spot, 7.25a7.37. Zinc quiet; East St. Louis spot and nearby, 6.35a6.40. Antimony, spot, 6.90a7.00. “ BAR SILVER QUOTATIONS. NEW YORK, June 5—Forelgn bar silver, 651, ; Mexican dollars, 49 LONDON. ' “June 5.—Bar _silver, 3111-16d per ounce. Money, 1% per ceglz Discount rates—short bill: &l 15-16 per cent; three Osceola Quincy. Shoe Mach Switt & Co. Trinity .. U S Smelt pfd . Yentura OIl . Wi Nat Leather Must Have Been a Good One. Mrs. Firstapartment — Did dressmaker give you a good fit in your new dress? but no econds. means 1011-32.) 100-22 Butteri-TLower standara: first 5.—Foreign ‘ex- fons in U. Britain—Demand, rance—Demand, Demand, um—De- cables, Holland—Demand, . Poland—Demand, Montreal, Close. 98-10 98-9 98-24 9812 99-19 Close. 102% 102% 9674 101% 914 81% 831 97% 101% 100 101% 100% 99 104 102% 103% 46 92 99% 96 109% | 98% 93% 9% 96% 914 100% 96% 941 89% | 9214 92% 81% 84 81% /1% 56 38 101% 110% | 98% | 7% 81% 107% 101% 94% 94% 99%, 89 73 81% 116% 114% 103% 98% 90% 101 103% 9774 | 9 101% 97T 8415 98% 974 943 9816 108% 98% 128% 100% & | 9414 103% 107 107 103 103 93% 100% | 101 ! 1047 u7s 9774 9975 | £31 i ! bills Ger- 3917; mand, | reece mand, | | is a clos- your i t {Seab'd A Liret 4. . | Seab'd A L adj bs. . {Southern Ry 6% i for | Willingham, as | be in excess of that of last year. fit as my husband had ywhe: 1% Mt Sunparldr—Yes, mopthg huu,l:oad e S Private WiregdDirect to The Star Office. RAILROADS. ‘Bales. High. 88% 81% 95% 1% 100% 80% 82 4% 94 93% 118% 113 794 9844 97% 857 89% ®8 84% 52% 28 99% 79% 50% 59 66% 80% 66 3% 81% 108 9% 8% 113% 2% 101 85% 87% 100 4% 51% 831 567 103% 47% 48y 50% 104 113% 1087, 100 80% 60% 8614 100% 66% 4214 66% B5% 80% 94% 101% 90% 103% 93% 854 764 8 63% 95 527% 94% 57% 8 1047% 89% 96% 67 64% 41% 887 8414 108y 96 9574 10234 924% Low. Close. 88% 88% 81 81 9 95% 7% 1% 100% 100% 80 80 82 82% 4% 74% 94 94 3% 93% 113% 113% 112% 113 79 9% 93% 93% 97% 9T% 85% 86% 89% 89% 87% 88 84 84% 52% 52% 27 28’ 99% 99% 9% 79% 50 50 59 59 66% 66% 8045 80% 65% 65% 73% 73% 81% 81% 108 108 79 19% 78 78 113% 113% 72% 72% 100% 85 Atchison gen AtlanticCLcl 48 B&Ocv 4y B&Oretbs... B&O PLE&WYV 4 B& OSW aiv3%s. Bklyn RT 78 °21... Canadian North 7s 2 Canad North 6%s. Canad Pac deb 4s.. Car Clinch & O 5 Car Clinch & O 68 Central Pacific 4 Ches & Oho cv Ches & O cv 4% Ches & O gn 4%s.. Chi & Alton 3s. Chi & Alton 3%s Chi B&Q 1st rt b Chi & E 111 gn 5 Chi Great West ChiM&SPrfdls. Chi M&St Pcv bs.. Chi M&St P 4s°25.. Chi M&S P cv 434s. 1 Chi M&St P 4534, CM& StPgnMis Chi& NW 61%s ChiRysSs.... ChiR1& Pac Chi Un Sta 6%s. Chi & W Ind cn 4s. CCC&StLre6sA.. CubaRRS5s....... Del & Hd 1st rf 4s. Del & Hudson 5%s 15 Den&Rlo G con 4s. 10 D&RGIstrf5s Det United 4% Erie 1st con 4s Erle con ext 7s Frie gen 4s..... Erfe conv 48 A Erfeconv4sD.... Gr Trunk st db 6; Grand Trunk 7s Gr North gen Ti Gr North gen 5%48. 24 Hud & Man ref 6 2 Hud & Man aj 58.. 41 111 Central ref 4s. . 111 Central 5%s Int Rap Tran 5s Int & G Nor aj 6s. Kansas City § 3; Kansas City S 5s. . Kan City Term 4s. Lake Shore 4s°28.. 10 Lehigh Valley 6s.. 4 Louis & Nuni4s.. 10 Louls & Nash 5%s. 10 MarketSten 5s... 7 M EIRy &L5s.., 14 MK&TI1stds.... 5 MK&TprinbsA 39 MK&T4sB 2 MK&T6sC. MK & T adj 58 Mo Pacific 6s Mo Pacific gn 4s. 1 NOTex&Min5s. 10 N Y Centdeb 6s... N Y Cent deb 4 N Y Centr1 5 New Haven 7 ew Haven 7s fr..122 Y W & Bos 4%s. Norfolk & W cn 48 Northern Pac 4s. .. Northn Pacr!6s.. orthern Pac 5s. Northrn Pe bs re O Short Licn 55 '46. Cre Short Lref 4s. 14 Ore-Wash 1st rf 43 27 79% Pennsyl gen 5s.... 7 100 | Pennsyl gen 43s.. 91 9 { Pennsyl 6%s 108 Pennsyl gold 10814 Peoria & E inc 234 Pere Marq 1st 53 95% 734 864 7% 781 8674 67% 82 65% 73% 99 45% 30% 91% 867y 82% 9514 68% 1014 53% 91% 103 96% 96% 61% 9% TOTAL SALES (Par Value): i 1la.m.. 3551000 12noon. 4751000 lpm.. 5697000 2p.m.. 6198000 PLEA OF WHIPPING BOSS. Wil Ask Delay in Trial for Death of Camp Worker. CITY, Fla.. June 5.—Counsel | Walter Higginbotham,. former private convict camp whipping boss on trial for murder, charged with aving beat to death Martin Tabert North Dakota, today will request a of from sixty to ninety days on motion that several important wit- nesses cannot be had on short notice. Little progress was made vesterday. Considerable time was consumed in hearing a motion by the defense con- tending the court was without juris- diction. The motion was overruled. Judge McMullan then recessed untii today to allow the defense to present its motion for continuance. WILL DRY UP CITY. Two Agents Assigned to Hunt Vio- lators in Martinsburg. Special Dispatch to The Star. MARTINSBURG, W. Va., June 5.— Two federal prohibition agents will be stationed indefinitely in this city immediately and will wage an in- tensive campaign against alleged vio- lation, according to announcement to- day by J. J. Doerr, in charge of field cork for the northern district-of the state. 3 Doerr, who has beep ‘here for ‘sev- eral days on raids, saM he would de- vote much of his own time to the enforcement work in this section. The activity of bootleggers and manufac- turers of moonshine had become so general here that he had been in- structed to check up on the situation. he said. Deputy E. H. Rinker, for- | 9 4 4 3 1 1 8 5 2 3 1 100% 853 2614 100 74% 51% 8315 56% 103% 47% 48% 50% 104 113% 108% 100 80% 60 ! 615 100% 66'% 424 66% 85% 80% 94% 101% 90% 103% | 93y £5% 5% 2 R6% 100 4% 50 831 56 103% 47 48 50 103% 113% 108% 99% 80% 60 861 100% €6 41% 66% 8514 80% 94% 101% 901, 103% 9314 Rapid Tran 6s w1.. Reading gen 4i RIArk & L4%s.. St L IM&S R&G 4s StLIM&S 4s'29. prinbs. 6 1 25 T 2 10 8 : SFplésC.. Sou Pacific cv 4s Sou Pacific ref 4; Sou Pacific clt 4 Southern Ry 1st Southern Ry gn 4s Third Ave adj 5s.. Union Pac 1st 4s. Union Pac cv 6 Virginia Ry 1si Wabash 1st 5s Western Md 4s.... Western Pacific 53 12 LAK merly of Keyser, and another agent |c! to be designated later, will be sta-| tioned in this city. NEW TOBACCO HEAD. W. A. Willingham Président of Company at Richmond. RICHMOND, Va.. June 5.—The resig- nation of Thomas B. Yuille as presi- dent of the Universal Leaf Tobacco Company, and the election of W. A. the vice president, as| his successor, was announced today at | the local offices of the company. Os- car C. Gregory succeeds Mr. Willing- ham as vice president. The company also announced the declaration of dividends of 2 per cent on the preferred and 3 per cent on the common stock, payable July 2, to shareholders of record June 20. priae e i bt TAX RATE REDUCED. Hagerstown to Pay $1.20 T}fla Year, Against $1.70 in 1922. Special Dispateh to The Star. HAGERSTOWN, June 5.—The city tax rate for Hagerstown for 1923 was fixed at $1.20 on the hundred dollars, a reduction of 50 cents over last year's rate of $1.76, by the mayor and council in special session here today. Because of the increase in the taxa- ble basis of approximately $10,000,000 the revenue from taxes this year _\l\;‘l'n e taxable basis is $33,064,280, as $33,062,326~Lop-laat oany WHOLESALE MARKET REPORT. Early closing today was followed by slow buying. most consumers hav- ing obtained most of their supplies yesterday. Meat and poultry prices were the same as yesterday, but dealers made an effort to get rid of perishable fruits and vegetables at reduced prices. Brisk buying tomorrow morning is anticipated. It is expected that sup- plics of consumers will be depieted by that time, and early trading prob- ably will result. Eggs—Strictly fresh, selected, can- dled, per dozen, 27a28; average receipts, 25; southern, 25. Live poultry—Roosters, per Ib. 15; turkeys, per 1b., 25; spring chickens, per 1b., 40a35: keats, young, each, 63; fowls, per Ib., 25. Dressed poultry — Fresh-killed spring chickens, per 1b., 55a65: win- ter chickens, per 1b., 45a50: hens. per 1b., 28a30: roosters, per Ib., 20; turkeys, per 1b., 40a45; keats, young, each, 70a80. Live stock—Calves, choice, per Ib., 10; medium, per Ib., 9a9l: thin, per ib, 6a7. Lambs, spring, per Ib., 13ald. ll;)lvefinln, .00a5.00 each; live hogs, per Green_fruits—Apples, per bbl., 4.00a 8.50. California oranges, per crate, 5.00a6.00; Florida, 5.50a7.00. Lemons, per box, 4.50a5.50. Grapefruit, 3. 4.00. Strawberries, per qt., 5a221s. Vegetables—Potatoes, per bbl. 1, 1.50a2.00; per sack, 2.00a2.75; potatoes, Florida. per bbl. 6.50; South Carolina, per bbl., 651 sweet potatoes, lina, 2.00a2.50; nearby, 1.00a2.50. tuce, per crate, southern, 1.00 Romaine lettuce, per crate, Iceberg lettuce, per crate, Cabbage, southern, 1.00al Eggplant. per crat toes, per box, Florida, 1.50a5. 1.00a3.00 per bask Pea: per basket. Peppers, per crate, Flor- ida, 2.00a4.00. Xale, per barrel. 1.00a 1.50. ~ Spinach, per barrel, 1.00a1.50 Celery, per crate, Florida. 3.00a6.00. Squash. 2.00a3.00. ' Florida lima beans, 4.00a7.00 per basket. Asparagus, 1.00: 4.00. Let- 0 GRAIN AND PROVISIONS. BALTIMORE. June 5 100 pounds, sweets_and as- beans. 4.00a4 barrel, paragus, . 1.50a4.00; basket, 1.00a4.00; beets, 100. 7.00; cabbage, crate, 1.00a1.50; car- rots, 100, 3.00a6.00; corn. crate. 2.00; 3.00; cucumbers. basket. 4.00a4.50; egg plants, crate, 0a4.00; kale, bushel, 35a40; lettuce, basket, 75a 1.25; onfons, 100 pounds, 2.00a4.00; spring onions, 100. 1.25a1.50; pe: bushel, 1. peppers, crate. 4.00; radishes, 100, rhubarb, 100, 2.00a4.00; squash, 1. 24.50. Appl ; tomatoes, crate, 2.50 packed, bushel, 1.50a2.25; 3.50; antaloupes, cherries, pound, 10a15; box, 2.00a3.2 oranges, box 5.00; pineapples, _crate, * 3.2 strawberrics, quart, 6al; melons, carload, 300.00a800.00. Selling Prices at 12:15. TWheat—No. 1 red winter. spot, no quotations; No. 2 red. winter, spot. 1.2214: No 3 red winter, spot, no 4 2 red winter, gar- 3 red winter, gar- auotation: ay, barrel, 4.00a7.50: box apples, 2 crate, 3.00a5.00; No. no ob corn. new, 4.75 per bar- contract, spot, 9 No. 2 corn, 943 0. 4. tions: track corn. vellow, better, 44 per bushel. Sales—None. Oats—White. No. 2 No. 3, 52 per bushel Rye—Nearby, 75a80 per bushel; No. 2 western export. spot. 78% per bu No. 3. no quotations. Receipts, 78 tons; ample re- ceipts for all trade wants, from 18.00 00 per ton. raw—No. 1 tangled .rye. 15.00a 16.00; No. 1 wheat. 12.50a13.00; No. 1 oat, nominal, 14.00a15.00. CHICAGO LIVE STOCK MARKET. CHICAGO, June 5 (United States Department _of Agriculture).—Hogs— Receipts, 35.000 head; early sales strong; spot shade higher; later trad- ing slow, around steady: big packers bidding lower; top, ; bulk 180 to 240 pound averag: 0 to 325 pound butches ng sows, 6.00a6.25; 130 pound pigs, 5 hogs, 6.75a’ light, packin ing so pigs, 5.50a6.35. no_quota- N.o 3 or 5233 per bushe "110 to 5.75a6.15; killing Cattle——Receipts, 13,000 head: better grades beef steers and butcher she stock. fairly acti eady to strong; early top mixed vearlings, 11.00; ma- tured steers, 11.15; numerous leads at 11.00: lower grades beef steers, weak to 15 lower: lower grade she stock slow: tending lower: bulls and veal- ers about steady: stockers dul loads thin stockers to dealers, 6.50: bulk desirable bologna bull 4.8525.00; bulk vealers to packers, 950 downward: bulk desirable beef heifers, a8.50; seventy-eight head choice heifers. 9.50. Sheep—Receipts. 8,000 head: fairly active: spring lambs and aged sheep around steady; clipped lambs and vearlings unevenly higher: eight dou- ples California springs, 15.85 very light; bulk best natives five decks choice handy lambs, 14.50a14.85. DAIRY MARKETS Md., June 5 (Special). spring chicken 55; small_and Leghorn: 35a40; young stags, 25; cld hens, 25a 27: Leghorns, 24a25: old roosters Ducks. 18a25; spring duck Pigeons, pair. 40. e pound, 30. Eggs (loss off firsts. dozen, 24a Butter—Creamery, good to fan pound, 37a4l: prints. 41a43: nearh creamery, 35a38: ladles, 34a35: roll 30a32; store packed, 30; dairy prints, 30a3: TODAY'S CHICAGO PRICES. CHICAGO, June 5—Although some speculative buyers gave an upturn to Wheat prices at the opening today, a setback quickly ensued, the purchas- ing orders having been filled. On the decline July and September, both Went below 1.08 for the first time. In- fluenced more or less by assertions that domestic and foreign demand Was inadequate to take care of pro- Spective hedging sales. the majority of traders appeared to favor the bear e. S ening prices which varied from unchanged figures to % higher, with July 1.08% to 1.08% and September 1.08% to 1.09 were followed by de- nes all around to well below yes- day's finish. ‘Jorn and oats were relatively firm, owing to continued scarcity of avail- able supplies of corn. After opening at a shade lower to ¥% advance, July 8014 to 80%, the corn market fiuctu- ated somewhat and then scored mod- erate general gains. Oats started unchanged to a shade higher, July 40%, and after a little hesitancy went definitely upgrade. Provisions reflected firmness of hog values. Open. 1.08% 1.0885 1.10% 8015 6% “66% 40%, 38% 39% 1115 1142 High. 1108 110 132 8314 ] Close. 1.00% September . 109 December . CORN— 1123 July . Beptember NEW OFFICERS ELECTED. CHICAGO, June 5.—Leeds Mitchell was chosen president in the Chicago stock exchange election yesterday. David R. Lewis was elected treasurer. LIGHT MEN MEET. NEW YORK, June 5.—The for sixth annual convention of the Na- tional Electric Light Association was formally opened today, with 10,000 delegates in attendance. Mayor Hye lan-PElcialin- aten ! North = Caro- 504 inach, bushel, 20a40:| i per bushel: | a i ( | traders still conduct the commercial Native and nearby | i structure will be sprinkled with the 10.C. BANKERS WILL ATTEND INSTITUTE Delegation Going to Session . in Cleveland in July—Lo- cal Exchange Closed. Just twenty vears ago the American Institute of Banking came into being at Cleveland, Ohio, and, according to plans of the committee in charge of the 1923 convention of the thriving organization, which will be held at the place of its birth, July 16 to 20, one of the greatest gatherings in its history will assemble at the Forest City when the chairman raps his gavel for order. An effort is under foot to get to Cleveland for the convention all of the men who pioneered in the organi- zation. D. C. Wills, chalrman of the Federal Reserve Bank of that city and one of the Institute's organizers is chairman of a pioneers’ committee More than 2,500 delegates are ex- pected to attend from all sections of the country. Plans for Convention. According to the present itinerary. the delegates will arrive in Cleveland Monday, July 16. During the after- noon of that day the banks will open | house and give the visitors an oppor- tunity to visit the departments in which they are particularly interest- ea. Later an American League bass ball game axl a golf tournament will demand the attention of the dele- gatex. Monday evening the men will be entertained at a smoker and the women at a theater party Tuesday morning the first general session will be held in Engineers' all. Carter E. man, presigent of the institute and assistant cashier of the American National Bank of Rich- mond, Va., will preside. This will be ifollowed by departmental conferences. arrangements for these confer- which will be held each day, . { will be in charge of H. B. Reed of the Union Tru Tuesday t Company of Pittsburgh. evening the annual de- bate will be staged in Cleveland's new public hall. It will be pre- ceded by an organ recital and fol- lowed by an informal dance attended {by delégates and Cleveland bank people. Wednesday's plans call for an all- outing and boat trip to Cedar Point. four hours' ride on Lake Erie from Cleveland Thursday morning presidents of the | institute’s 140 chapters hold a con- ference and discuss local chapter problems. The women of the con- | vention have a breakfast and get- together meeting. In the evening the delegations caucus and select the candidates they will support for office in the institute for the coming year. Eighteen Local Delegates. Friday, the last day of the conven- tion, is tured by the annual elec- tion of officers and business session. A farewell ball will be held at Hotel Cleveland in the evening. Speakers for the convention in- |clude E. T. Meredith, former Secre- of Agriculture. and John T | Puelicher, president of the American Bankers' Association The institute has more than 54,000 members in 140 chapters in cities from coast to coast. It was orgar ized as the education section of the American Bankers' Association. James C. Dulin, president of the Washington Chapter, announces about cighteen local delegates will attend the sessions. They will leave kere July 15, with himself in charge. Local Exchange Cloged. The Washington Stock Exchange was closed today on account of the Shriners’ monster parade. It was de- cided several days ago that it would be best to suspend business entirely on this date. COMFORT KEYNOTE OF COTTON EXCHANGE New $5,000,000 Skyscraper Will Be Ready for Occupancy by July 5. Atsociated Press W YORK, June 5.—The latest | thing in arenas will be thrown open about Ju when the New TYork ! Cotton Exchange dedicates its new $5.000.000 skyscraper home down | Hanover square amid the financial kings of lower Manhattan. Away up- on top of the exchange. beneath vaulted domes and delicately tinted mosaics, will be a place for the bulls and bears to romp and roar in private pandemonium—the cotton | trading pit. Just under the sky it will be, with broad, high windows overlooking the four quarters of the &lobe whence come the cotton and the gold in which they deal. The new exchange adjoins the old one. on the little triangular park fronted by one and two-story build- ings behind antique lamp posts, where on enterprises on which their forebears embarked when New York began to be talked of as a coming mart of commerce. The first eighteen floors of the offices of 400 resident members, tele- graph, cable and telephone agencies and ticker service bureaus. A battery of speedy elevators. with red and green light signal systems like those of a train dispatcher’s board, will shuttle between floors, stopping only at top and bottom during the rush hours when the pit is opening and closing. - The pit is where the trader spends his time and makes his money; where the rise and fall of his fortunes are accompanied by the frenzied hulla- baloo of jostling, perspiring humani- shouts and gestures of “buy” or “sell,” every signal echoed by clat- tering telegraph Instruments. NEW YORK, June 5.—Spot cotton quiet; middling, 28.00. Cotton futures closed steady. July, 26.75a26.80; Oc- tober, 23.87a23.91; December, 55; January, 23.26a23.33; March, 23.15. NEW ORLEANS, June 65—Cotton futures closed steady at net advance of 56 to 76 points. Closing: July, 26.89-95; October, 23.28-31; December, .00223.03; January, March, 22.70 bid. WINTON STOCKHOLDERS BACK MERGER PLAN By the Associated Press. CLEVBLAND, June 5.—Stockholders of the Winton Company here have approved of the plan to merge with the Haynes Motor Company, Kokemo, Ind., and the Dorris Motor Company. St. Louis, into the Consolidated Mo- tors Corporation, with a capitaliza- tion of $19,000,000, it was announced by George H. Brown, secretary-treas- urer of the Winton Company. Through the consolidation all of the Winton Company's liabilities will be cleared up, Mr. Brown said. He also stated that while the Winton auto- mobile business would be operated under the name of the Consolidated Motors Corporation, the Winton En- gine Company will continue to op- erate under its present corporate identity. PARIS MARKET HEAVY. PARIS, June 5.—Prices were heavy on the bourse today. Three per cent rentes, 57 francs 60 centimes. Ex- changé on London, 71 franes 90 ce times. Five per cent loan. 74 {rnr{“ 70 centimes. The dollar wjig QuAl CEEG 4 Y contimen’ 17