Evening Star Newspaper, June 15, 1923, Page 26

o L] . FURTHER SELLING 15 LS HARD Rubber Shares Also Score New Lows as Bears Re- sume Attacks. BY STUART P. WEST. Special Dispatch to The Star. i NEW YORK, June 15.—Today's stock market the greater part of the time saw the same sort of thing going on as on Thursday. Profes- @ional sentiment was overwhelming- 3y bearish, not for any solid reason that could be adduced - regarding general conditions, but simply be- cause for the time being It was easier to get prices down than to get them up, Oil shares as a group were not quite as sensitive to attack as they had been on the two preceding days. fut & number of them mado new ows for the year. The rubber group was again under fire, with new* lows for United Sthtes Rubber and Kelly-Springfield, and particularly heavy selling in Key- Ktone. Representatives of the tire trade refused to commit themselves on the question of whether there is 10 be a price-cutting war, but the wtreet is looking for the other tire kers to follow the example of the Firestone. Other Stocks Driven Down. No careful discrimination, however, was made in the day's market be- tween stocks representing industries that are not doing as well as they were earlier in the vear and stocks of companies that have not experi- enced any sectback. Thus Interna- tional Paper was driven down under 40, to its lowest of the year, although the news print business is known to have returned to a profitable condi- tion with the higher price scale an- nounced three months ago. Davison Chemical distinguished it- gelf by running up for a time quite violently, against the general mar- ket. Inasmuch as no pool would have piocked out a depressing time like this morning to operations for the rise, the jump in Davison was set down as real buying, quite likely based upon progress ih the reported nego- tiatlons for the disposal of the Silicia-Jel process. Southern Well Bought. The steadiness in the railway ares was noteworthy throughout, Southern railway was quictly but persistently taken around 37, New York Central under 103 and Atchison around the same figure. The Atchi- son, a 6 per cent stock, should have drawn level with New York Central, a 7 per cent stock, indicated the be- lief that the former road will follow the example of the New York Cen- tral and put its stock on a 7 per cent ba - California Oil Situation. In face of the pessimism regard- ing the overproduction of crude oil in California as well as the mid- continent districts and the recent weakness in the oil shares, some en- couragement was given to holders of these stocks today in the report that the peak of output on the Paclfic coast could be looked for shortly. It was said that a large refinery has been taking all oil offered lately in the southern California fields. Mare- over, there have been cancelations of tankerage and storage facilities. The greatest gains in crude ofl production have been in the California district, despite the fact that not long ago it was reported that some of the flush production was to be shut in. May Department Stores Strong. May Department Stores held ground very well today, getting up at omne time substantially above the previous day's close and almost to its high for the vear. This stock has been well supported during the recent selling of the industrials and is one of the comparatively few the market action of which has fitted in with good earnings reports. It is expected that the dividend on May Department will be increased from the present $5 to 36 annually. Like Woolworth, Kresge and Kinney, May hae reflect- ed the prosperity in the chain store business in the past several mont In the stock market of t day it was another cuse of professional op- erators, in the absence of buying by outside investors and the lack of any concentrated support from the inside, pursuing their experiments with of- fering prices down. Forced Selling in_ Ofls. Some weak accounts were appar- ently forced out in the oil stocks and in the rubbers. Both of these re resent industries where there h been considerable decline in prices of the raw materials, and where the question has been opened to what extent this will compel inventory write- offs. For a time being at least, the fall in the German mark was arrested, but the decline continued in French francs. These latter, selling around .34 cents, had lost two-thirds of the gain which occurred three months ago, just prior to the floating of the new internal loans. They were down 1.08 cents from the year's high, in January, and up only three-quarters of a cent from the extreme low, in the second week of April, which also was a record low. OVER $1,000,000 IN MINE MERGER | By the Associated Press. 3 JOPLIN. Mo., June 15.—Merger 'of the Tom L. Mining Company and the Chubb Mining Company, owning mines and leases In the Oklahoma lead and zinc field, worth, it is said, approximately $1,000,000, with the Quapaw Mining Company, was made today upon the arrival from New York of H. W. Lohman, financlal agent in this field of the interests of Charles M. Schwab, principal stock- holder in the Quapaw camrlny. ‘The merger resulted, it is sald, from a recent visit to the district of Mr. Schwab. Mines of the Tom L. and Chubb companies are heavy producers, and regarded as among the best in the district. QUARTERLY DIVIDEND. INDEPENDENCE, Kas, June 15— A quarterly dividend of 2.00 per share has becn declared by the directors of the Prairie Pipe Line Company, ef- fective June 15, payable July 31 to stockholders of record June 30, offi- cérs of the company announced today. —_— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) TR — Aluminum Co. of Amer. 7s 1025, Aluminum Co. of Amer. 7s 1933, American Cotton O}l 6s 1924. Awmerican Sugar s 1097, American Tel. & Tel. 6s 192 Aerican Tel. & Tel. 65 1025, Ana r 65 1929. ather Bs 1025, ., C., C. & Bt. L. Chicago Tel. 5s Du Pont 7igs 1681 { In Combust B, FINANCIAL. "' THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JUNE - Received by Private Wire Diract to The Star Office Open. High. Low. 124 12% 124 64 61 64 8% 9 8% % 1% 1% 102 102 102 61 6T% 66% 0% 404 40 16% 16% 16% 36% 864 36% M™% % TT% 87% 8Th 35 97 9Th 956k 109% 109% 109% 165 165 164 22% 22w 224 8% 9% 9 7 . ) 6% 3 5 5 96% 96% 96% 4% 42, 4% % 9% 20 20% 1% 11% 21% 22 139 | Adv Rumley.... Alr Reduction. . Ajax Rubber. Alaska Juneau. . All Am Cable. Allted Chem Allis Chalmers. . Am Agr Chem. . Am Beet Sugar. Am Beet Sg pf. . Am Canpt. Am Car &£ Fdy. . Am Chain A Am Drugsist. Am Express. AmH & Lea pf. Am Ice. Am Internatl... Am La France.. Am Li d. ... Am Linseed pt. . Am Locomo. .. .. Am Loco (new). Am Locopt..... Am Metals . Am Roll Mill pf. Am Bafe Razor.. Am Bhip&Com. . Am Smelting. Am Steel Fdy... Am St1 Fdy pt. Am Sugar. . Am Sugar pf. Am Sumatra. Am Tel & Te Am Tobacco Am Tobac (B e 95 20 11% 22 a2 137% 681 1% 46 9 6 12% 61% 35 101% 715 100 19% 124 i 145 39% 88% 17% 9 40 3T% “ 5% 11% 102% 89% 118% % 15% 13 57 14% 21% 22% 126% 51% 12 Y 6 50% 89% 54 221 42 139 691 1™ 46 Am Writ Prpf.. Am Zinc&Lead. Am Zinc&Ld pf. Ann Arbor pf. Anacond: Asso D Good Assoclated Ofl. Atchison Atchison pf. Atlar, Cst Line. . Atlantic Frult.. Atlantic Gulf. Atl Gulf pf. Atlas Powder (n) Atlas Tack. Austin Nichol Auto Knitter... Balawin Loco Balto & Ohlo. Barneadall (B) Batopllas Min Beechnut Pack. Beth Steel Beth Stl 7%(n). Booth Fish. Br EmSti2d pf... Bklyn Edison Bklyn Rap Trn. BRT warrants, Bklyn Un Gas Brown Shob Burns Bros Burns Bros pf. Butte Coppe! Butte & Super.. Caddo G11. Calif Petro) Calif Petrol pf.. Callahan Zinc. . Calumet&Ariz. . Canad'n Pac. Case Plow Wks Central Leath Cent Leath pt. Cerro de Pasco. Chandler Mot Chesap & Ohlo.. Ches & O pt wi.. Chi Grt Wes Chi Great W pf. Chi Mil & St P Chi MI1&StP pt Chi & Northwn, Chi Pneu Tool.. ChiRI& Pac... Chi RI&P 7% pf. Chile Coppe Chino Copper Coca-Cola. Colo Fuel. Columbn Carbon. Columbla G Columbla Gas w! Columb'a Gr: Col Graph pf. Colo & South. Comp Tabulat.. Cons Cigar. Con Gas new. Cons Textile Cont Can. . Continental Mo Corn Products. . Cosden & Co Cosden pf. Crex Carpet. ... Cructble Steel Crucible Stl p! Cuban-Am Suj Cub Cane Sug. Cuba Cane S pf. Cuyamel Frult.. Davidson Chem. Del & Hudson De Beers Deere Copt. . D Lack & Watn Detroit Edlson. Dome Mines. ... Douglas Corpn. . Du S5 & Alt pf. Dupont (ED.. Durham Hose Eastman Kod. Elec Stor Bat... Endicott-John. . Erfe . Erie 18t pf. Ere2d pt. Famous Play. Fed Mines & 8 Fd Mines&sS pf. Fif Av Bus wi Fisk Rubber. Fleishman. . Freeport Texas. Gen Am Tk Car. Gen Asphalt. . 108% 6% 224 2% 22% 101% 6% 52 162% 1 24% 623% 2% 57% 64 100 5% 12 21% 3% 6 8% 30% 84% 26% 21% 8% 31w 47% 100 33% 1 83 1% 20 60% 8% A4 9 130% 43 100 27 0% 91 27% 11% 464 59% 301 111% 26% 69 118 102% 37% 13% 4% 122 16 106% 58% 67% 12% 19% 15% 6% 7 39% 8% 9% 43% 12% 52% 80% 29% 66 66 180% 179% 1 11 4% 14% 44 44 T % 4% 4% 28y% 28 88 87 49% 48% 96% 96 9% 9% NN 71 28% 28% 104% 104% T T 81 8% 1 38% 38% 59% 24% 21 2% 43% 52% Gen Motors. Gimbel Bros Glidden Goldwin Corp... Goodrich. . Goodrich pf. Goodyear pf. Goody pr pf wi. Gray & Davli Gz Northern pf.. Great Nor Ore Gt West Su pt. Guantana Su. Gulf St Steel. Harblshaw Cab. Hayes Wheel... §35% Househ'd Prod.. 388% Houston Oll..... 58% Hudson Motors.. 24% ‘Hupp Motors.... 21 Hydraulic Stl... 2% Ind Oll & Gas. Indlan Refining. indiahoma Inspiration. In Ag Chemic In Ag Chem pt.. Interb Rap Tr. % 4% 3% 58% 24% 20% 2z 7 b% 5 1% 4 12% 144 21 21% 6% 6% 27 18% 82% 3% 68 6T% 87% 12 12% 40% 5% Int & Grt North. Int M Marine Int Nickel. . Int Nickel pf. Int] Paper (sta). Int 8hoe. . Int Tel & Teleg. Invinolble Ofl. In¥w Oll (ctfs).... ‘Iron Products. Island Oil. .. Jewel Tes. Jones Tea. Kelly-8pr Tire IKennecott. Kresge (88).... 4% lose. 124 | Man El inv guar. 64 | Manhat Shirt. 9 | Market 8t prior. 1% | Marlazaofl. ..., 102 | Mathison Alkili. 67% | Martin-Parry, 40 | Maxwell (A) 16% | Maxwell (B) 86% | May Dp Stores. 77% | Mex Seaboard ., 86 | Mex Seabd ctfs. . 96% | Miam1 Copper. 109% | Middle St O11 l:;“ :l’ld!v‘lh!lnl. 0K & T (new). 12% 9% | MK&T pf clA (n) 344 6% | Mo Pacific. 14% 5 | Mo Pacificpf.... 38 Montana Pow. .. Montg'y W'rd... Moon Motors. . Mother Lod Mullins Body Open. 38% 454 66% 4% 463 4% 42 95 20% 11% 22 42 139 69% 117% 46 99 6% 12% 61% 85 101% 1% 100 21 124% 145 145 40% 88% 17% 9 40 3T 4% TT% 111% 104% 90 118% 1% 16% & 14% 21% 22% 128 1% 12 63 51% 89% 54 2275 107% | 1 15% 109 55, 84% | Pullman Co. 61% 3 184 93% 36% 4% 81 102% 174 107% 20% 43% 2% 22 9 5% 18% 9% 53% 425 L3 79 33% 8% 12% 69% 65% Natl Ry of M 2d. da Copper. N Or Tex&Mex N Y Alr Brak NY Alr Brk(A).. NY Canners.... North Amer. North'Am pf. North Pacific Nov Scot Steel.. Nunnally Co. Ohio Bdy & Blw. Orpheum Cir. Otls Steel. .. Otis Steel pf. . Owens Bottle Pacific Develop. PacificG & El. Pacific Oil. Pacific Mail. . Packard Motor.. Pan-Am Pete Pan-Am P (B) Panhandle Pere Marg pf. Philadelphia Co. Phillips J pf. . Phillips Pet Phoenix Hos pf. Plerce-Arrow... Plerce-Ar pt. Plerce Ofl.. 20% 3% 37 45% 102 61 Pitts & W Va. Postum Cere: Pressed Stl Car. Produc & Ref. 38% Pub Serv (new). 48 Pub Serv pf (n).. 100 P 1 D 1081 | Punta Alegre 6% | Pure OI1. 19% 22% | Raflway St1 Sp.. 109 2% | Rap Tr Sec w.i.. 16% 227 | Ray Con Cop.... 12% 102 |Reading. 6 6% | Reading 2 52 5234 | Replogle Steel.. 17t 168 | RepIr & Steel.. 491 1 |ReynoldsSpr... 204 243 | Rey Tobac (B).. 65 63% | Rey Tob pt B... 117% 424 | Rossia Insur.... 91 584 | Royal Dutch a7 €5 | gt r.&SanSran.. 221 100 |5t L&SanSrpt.. 46 8% | St L Southwn... 32% 12% | Suvage Arms. .. 24% 21% i Schulte Stores.., 9% S7% | Seaboard AirL:, 7 76 lEeabd ALDf... 12 79% | Sears Roebuck.. 75% 30% | Seneca Copper.. 7% 84% | shattuck-Ariz. 7 26% | Shell Tr&Tran.. 356% 21% | Shell Unton. 16% 78% ! Simms Petrol... 8% 31% | Simmon: 30 47% | sinclair 26% 190, | Sinclair pt. 93% 3% | Skelly Ofl......c 19% 1 [Sloss-ShefMeld.. 48 4% | So Porto Sugar.. 46% 33 | South Paclfic. 9014 72 |Southern Rwy... 37 22% | Southern Ry pf.. 69 61K | Spicer Mfg Co... 164 8% { 5t Ol of Ealit Bl1% 44% | Stana Ollof NJ.. 324 a8 [StOilof NIpf.0l 1161 Steel&Tube pf... 99% 455 | Sterling Proa.... 57 199 | stew't-Warner. 87 21y | Stromb's Carb. 684 1% | Studebalker.. ... 108% 2 | Submare Boat [l 9y 28% i Superior Steel.. 29 ”/‘ Superior StIpf.. 95% 59% 10 Tenn Copper. ... g | TexasCompany. 43% 1113 | Tex Gulf Sulph.. 584 254 | Tex & P C&OIL. 10 89" | Third Avenue... 13 118 {Timken Bearlag 39% 102% | Tobacco Prod... 53% 3714 | Tobacco Prod A, 81% 1¢ | TranscContotl.. &% _4% | Transue&Will.. 81 125% | TWin CE. Tran.. 73 16 | Underwood rts.. 1% 106% | Unlon Bug & P, 68' 59% | Union Paciflc, 67% 134 1854 Union Pacpf.... 72% Un TRnk Car.... 21 16 1 1 86 Un Alloy Steel.. 84 United Drug. Utd Dyewood Utd Pap Board. . United Ry Inv. Utd Ry Inv pf. USCastIrP. 8 Food Prod. 1ndus Alco. 1 14% “ % 4% U S Tobacco. Utah Copper. Utah Securities. Vanadium Cop. Car Chem. Ir Coul & C. Wabash pf (A) ‘Waldort (new) Western Md 2d. West Pacific. West Pac pf. Wilson Co. Willys-Overid. Call Money.... 204 900 498 900 Bathered, extra firsts, 2% 23%a24%; do, 4034 | Tirsts, 91 46 33 7 6 kel I 35% 16% 9% 20 25% 95 19% 48 46% 90% 871% 69 164 51% 32% 16% 9% 57 88% 6815 0% 9% 29 95% 10 44 580 11 13 40 53% 6% 229% [0 High. 4% |'NEW YORE. STOCK EXCHANGE Low. Close. 88 88 45w \ 45% 68% 887 8% 43% 13% 18% 8¢ 85% . 16% 16% 25% 8% 26% 12% 36% 14% 4 16% 14 25% 8 26% 12% 4% 14% 37% 64 21% 2% 9% 19% 1% 40% 38 60 2% 184 93% 36% 64 22 27% 9% 19% 11% 41 38 60 2% 13% 4% 36% 4% 4% 31 31 102% 103% 1% 17% 107% 108% 204 20% 43% 43% n% 7% 22 5% 18% 9% 53% %1 the serles 118% 54% 18% ¢ 109 15% 12% % 652 16% 48% 20% 654 117% 91 117% 91 6% 22% 44 32 2414 9l 7 12 ke % 7 35% 16% 8% 20% 24% 93% 184% 48 45 89'¢ 36% 68 164 5lly 51% 821 32%m 116% 116% 98 98 57 57 86% 87% 223, 44% 321 24% 91% 7 12 6 ™ 7 350 16% 9% 29 26% 45 19% 48 45 920 37% 6835 9% 29 5% 10 a“ 8% 11 18% 40 524 81% 6% 31 % 1% 1% 683 684 135% 136% 2% 86 34 80 50 16 12% 37 25 3 50% 95% 46% 99% 27 93%; 18% 1 52 65 18% 31% 8% 55 - 18 9% 30% 17% 6% 31 71 B86% 341 80% 50 16 12% 87 2 b1% 96 47 99% 27 94% 19 52 814 b1% 2 8% 23 64 60% 61 229 229 9% 10 Low. Last. 4 4% HOURLY SALES OF STOCKS. 12m. . 838700 2p.m. . 632300 NEW YORK EGG PRICES. “NEW YORK, June 15.—Eggs—Un- sbttlad; receipts, 27,147 cases. 38% ! 4Tl 16% | 72% | BOND QUOTATIONS | DECLINE SLIGHTLY New Offerings Absorbed. Austrian Bonds at New High—Caution Noted. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, June 15.—The bond market was reactionary today, and in spots even weak, but trading was on & small scale, and there was no par- ticular pressure. Dealers were in- clined to be pessimistic as to the future of prices, The price put upon the two new large offerings of the day, however, the Tllinois Bell Telephone refunding 5s ana the Standard Oil of California serfal b per cent notes, indicated considera- able confidence on the part of the in- vestment bankers. The first-named issue, offered on a 5.30 per cent basis, was very promptly sold. The yleld on the California Standard Oil notes varied with the maturity, but was only about 5.15 per cent at the high- est, which was for the longest term. Fluctuations Smal United States government loans fluctuated over a very small range. There was little business in high- | grade rails and industrials. Colorado and Souther.. first 4s, a short term {issue, gained fractionally, _Among the speculative ralls the Erle con- vertibles were rather heavily traded in, with an advance In the price of D bonds. This may have been In response to reports about a change of control in the Erie. For the most part, however, the specula- tive ralls were heavy. More attention was given today to the matter of increasing _costs. Traders were Inclined to lay _stress on the effect of-higher wages. They also expressed doubt as to whether traffic Would continue at its present rate. ‘Hence, there was a reluctance to spec- ulate in such issues as St. Louis, San Francisco incomes and the Seaboard adjustments. - Ol Bonds Sell Lower. Among industrials the Virginia-Caro- lina 7s and 7ls were a little firmer, while the ofl bonds, such as the Barns. fdall 8s, sold lower. Such rubber issues as Ajax 8s sold cn & much better than 8 per cent basis without attracting purchasersy This, of course, is a re- Rortion or Me aistavor In which rub- ber and tire securities are held just now. Incidentally, it was unofficially Stated that Ajax Rubber would earn lits half-years charges during the first six months of 1923, with some- thing like $600,000 left over for the stock. Dealing in the new Austrian loan {featured the foreign department. Today's sales were at a new high. Otherwise most forelgn bonds were slightly lower. —_— WITHHOLDS COTTON i | | { Agreement Until It Hears ! Delegates. The British_delegation to the In- ternational Cotton Conference held earlier in the week informed officials of the Department of Agriculture yesterday that the Liverpool Cotton Association would not act upon the iagreement reached by the conference {until its delegates had returned and explained their views. The meeting |f the conference for June 18 has been postponed. Government officials state that there I has been no hitch in the negotiations and feel confident the agreement will be ratified {STRAWBERRIES STORED i IN VAST QUANTITIES Special Dispateh to The Star. SEATTLE, June 15.—About 4,300 parrels of sirawberries, averaging 450 pounds to the barrel, will be packed in isugar and cold storage in Washington Geep sea and rall terminals this season, according to Dr. E. S. Barnes, execu- tive secretary of the Washington Berry rowers’ Association TRAMPS GO TO WORK. 'Number of Free Meals Drops From 4,000 to 50 Around Allentown. Special Dispatch to The Sta ALLENTOWN, June 15. — The dearth of labor in this section of }the country has been followed by an absence of tramps. According to Judge Clinton A. Groman of a local court, meals given tramps at farm houses in this nelghborhood this year has fallen from an average of 4,000 {for three months to about fifty for jthe same period. e BUILDING IS RESUMED. Agreement Averts Strike Danger in i New Orleans. { Special Dispatch to The Star. NEW ORLEANS, June i 15.—Now that danger of a tie-up in the build- | ing trades has been avoided through conclusion of an agreement between contractors and most of the trades involved, contracts for more than $14,000,000 worth of bullding are be- ing let. Under the new agreement carpenters will get 90 cents an hour and plumbers $1 an hour. LEAF TOBACCO RECEIPTS. BALTIMORE, June _ 15.— While Maryland leaf tobacco receipts were only 169 hogsheads, sales totaled 648 hogsheads for the past week, the greater part of which were taken by the buyers for the French Regie. Prices held very.firm for all grades. Maryland—Farmers have finally had a good planting season this week. and probably about 75 per cent of an average crop now been set out. Considerable being done. Maryland Prices Per 100 Pounds— Inferior and frosted, 4.00a4.50; sound common, 5.00a8.00; good common, 8.00 $218.00; medium. 18.00a28.00; good to ifine red, 2800a42.00; fancy i seconds, common to medium, 4.00 12.00;seconds. good to fine, ' 13.00a 125.00; upper country, air-cured, nom- !inal;" groundieaves, new. 3.00823.00. .' B.—Unsound ‘and badly mixed packages from 1 to 3 cents lower. DETROIT FACTORIES SHOW replanting is { rresn-| GRADUAL SLOWING DOWN; 26a25%; 40, o0 cial Dispateh to The Star. seconds, 23 DETROIT, June 15.—A gradual % | fresh gathered storage packed, extra|slowing down in factories here fs in- 19% | firsts, 26a26%4; do, firsts, 26a25%: Pa- !cific coast whites, firsts to extra firsts, —_— _STEEL DIVIDENDS VOTED. dicated by this week's employment report, which shows a decrease of 930 in the number employed in indus- trial plants. Managers of employ-: ment offices say good help is just as hard to get as at any time this year. 1t is expected that employment re- Liverpool Association Wor't Ratify | 43.00: | [ oxx BONDS ON NEW Y Received Lib 3ys (Bales are in $1,000.) UNITED STATES BONDS. (Fractions 'represent thirty - seconds. Dl Sales. High. . 2 Lib 1st 4 Lib 24 4% UBS4%s1963. 145 Argentine 7 Austria 7s w Belgium 7%s. Chile Chile Chines 819 831941, . se Gov Ry 28 101 66 98-7 100-29 98-10 98-7 98-4 Tow. 98-19 98-15 98-12 98-8 99-25 99-22 FOREIGN. Bales. High. Low. . 23 102% 1274 93% . 11 102% 2 96% 37 103% . 10 109% - 21 91° 12 o .29 Copenhagen 5%s.. 23 Cuba Czech S%awl oslovakia Denmark 8s. Fram erican 7 French Govt Irench Govt 7% Haiti Hollaj 65 ctfs nd-Amer Japanese 1st 4% Japanese 4 Jery n UM 6s Lyons 6 Margeilles Mexico 5 10 . 47 5 32 89 4 69 Mexico 58 large. Mexico 4 Montevideo 7 Netherlands 6 Norway 8s fao Paulo.City, Sao Paulo.State, Seine, Dept of, 7s.. Serbs Crotes Slo 8s 45 Soissons 61 Sweden 6s Swiss Con Tokio 6: Ud Ki Ud Kingm 5%s "37 Ud Steam Copen 6s ngm 5% Uruguay 8 Am A Am SmIt&R 1st bs. Amer 944 994 99% 88% 4% 82% 105% 1156 6% 113% 103% 90% 103% 750 5 30 21 i 64 41 3 2 102% 92 102% 96% 102% 109% 91 80% 83% 9T% 101 101% 99 103% 101% 103 47 1% 9% MM 109% 97% 93% 974 96% 1% 99% 95% 93 89% 93 81% 84 804 80% 65% 55% 36% 89 101 110% 98% 6% 9% 106% 100% 94 94 99 99% 884 3% 8214 105% 114% 76% 13% 103% 90% 103% MISCELLANEOUS. Ajax Rubber gr Chem Smelting Am Bugar Ref AmT AmT& Tcltrbs.. AmT&Tcltrds.. Anaconda cv db 7s. & Tcv 6s Anaconda 1st 6s Armour & Co 43%s. Atlantic Refin 5s.. Barnsdalls f 8s. Bell Tel Pa 58 rcts. Eeth Steel rf 68 Beth Steel s f 6s. Brier HSt1st 54s Bklyn Edison 75 D Bklyn Ed gen 55 Bush T Bldg 65 '60 Central Leather 5s Cerro de Pasco 8 Chile Copper 6s. Commonwth P 6 Con Coal Md 1st Cuban-Am Sug 8s. Cuba Canecvd$s. Dery (DG) T Det Edison ref Diam Du Pontde N 7%s. Duquesne Lt 7%s. Duquesne Light 6s E Cuba Sug T4%s Empira F&G 714 ond Mth Fisk Rubber S3 6 95% 24 99% 14 9% . 11 101 2 102% .12 116 63 97% 8 91% 26 101% .84 9% 19 84% 11 97 98 97% 97 9874 94 108% 984 90 985 129 100% 87 86% 107% 93% 80 1031 106 1074 107 10315 102 9274 105% llien Refractes Gs.. Goodrich 61s Goodyear 85 1931.. Goodyear 8s 1941. . Humble O&R 5%3. Tlins Bell Tel 1at 5s. India Int M na Steel 5. er Marine Int Paper 1st 5s A. Int Paper 1st 5s B. Julius Kayser 7s.. Lackawa S 55 '50. . today. | Liggett & Myers 7s Heavy rains have resulted in sending | Lorillard (P) 7s... the crop to storage and removing the | Lorillard (P) 5 frult from the local domestic market. | Magma Cop ov Manati Sug sf 7%s Marland Ol 7%s Marland Ol 8s w. . Mexican Petrol 8s. Mich St Tel 1st 5 Midvale Steel 5 Mont: na Power | Morris&Co 1st 4% | Nat Tube st bs { New Eng Tel b: N Y Edsn 1st 63 NYG EL H&P 4s. NY Tel 6s '41. N Y Tel 6549 N Sta {NY Tel 4%s { N Am Ediso: tes Pow § | Northwst B Tel 7s. 29 Otis Steel 74s.... 6 Pacific Gas & El 53 12 PacT& TS Phila Coref 6s A Plerce-Arrow 8s.. Producers & Rf 8 Punta Alegre 7s. Sacks & Cos f7s.. Sinclair Ofl 7s. Sin Crude O11 5%s. 21 Sin Crude Oil 6; Sin Pipe Line 6. South Bell Tel 5s. So Por r Rico Sug R . 10 6 3 9 7 . 316 30 St Oil of Calif 7s. Steel & Tube 7s. Tenn Elec Pow 6 Tide Wat Oll 634 Tobacco Prod sf 78 Toledo Edn 1st 7s. Unlon Bag & P 6s. Unit Drug ov USR ub 1st rf U S Steel Vertientes Sugar 7s 1 ‘Warner Sugar 7s. ‘West Union §4s. Wickwire Spen 7, Wilson & Co 1st Wilson&C ov 7% ‘Wilson & Co cv 6s. 15 97% 2 88 Winchester A7%s 5 105% Company. Am La F F Bag. ALF F Eng pf. Bank of North Am |Am Rwy BExpress Q $1.50 Q .25 Q 17 LBEERES ERNEERZESBL AR B R 95% 99% 904, 100% 102% 116 96% 91% 101% 97 8414 97 96 96% 957 9815 94 108% 98 30 985 128 100 8614 864 107 93% ke 103% 106 107% 107 103 S om0k 1SS by Privats WiredDirect to The Star Office. 101-1 means 1011-32) Close. 100-31 987 98-5 98-16 98-8 99-22 Close. 102% 2% 102% 96% 103% 109% 91 81% 83% 97% 101 101% 99% 103% 101% 103 47 1% 29% 95% 109% 9% 93% 97% 6% 91% 100% 95% 93% 94 1085 9813 90 98%, 1284 100% 861 86% 107% 93% 8% 10314 106 107 107 103% 101% 92 105% 98% 100% 10315 17 973, 95% 1004 834% 85 848, 103% 90 117% 114% 96 114 98% 101 125% 108 99% 764 971 79% 9814 974 109% 81% 105 106% 83 9244 91% 107% 93% 9115 90% 100% 6% 106% 111 100% 93 97% 9814 85% 94% 100% 104% 101% 9444 103% 104% 1063 96 113 8614 107% 102 974 81% 67% 102% 109 9% 974 26% 15, 1923, ° STOCK EXCEANGII | RAILROADS. Sales. High. | Ann Arbor 4s. 5 624 Atchison gen 4s... 38 88 Atchison adj 4 4 80% Atlantic CL el 1 81% 77 95% 22 7% 27 100% 2 19% 18 82% 74% 13 94 64% 92% 88% 13 112% 9% Canadian North 78 Canad North 6%s. Canad Pac deb 4s. Car Clinch & O 6s.. Central Pacific 4s. Ches & Ohlo cv bs. Ches & Ocv 4. . Ches & Ogn 4%s.. Chi & Alton 3%s. . Chi B&Q 18t rf 5s. Chi & E 111 gn 6s.. Chi Great West 4s Chi M&S Prf 4%s. Chi M&St P cv 6 Chi M&St P 48 '2| Chi M&S P cv 4% Chi& N'W 614, Chi&NW 7s. ChiRysb5s........ ChiRI& Pacrf 4s ChiUn Sta 4%s. Chi & W Ind cn 4 Chi & W Ind 7%s. CCC&StLrf6sA. CCC&StL4%s... Cleve Term 6%4s. .. CubaRR 7%s Cuba R R bs. - Del & Hd 1st rf 4s. Den&Rio G con D&RG lstrf5s.. Det United 4%s Erie 1st con 43 Erie gen 4s Erfe conv 48 A Erieconv4sD.... Gr Trunk sf db 6s. Gr North gen 7s. Gr North gen 5% Green B& W db B. Havana ERL&P bs Hud & Man ref bs. Hud & Man aj 111 Central 5% Int Rap Tran 6s Int R Transit 7s Int & G Nor aj 6s. . Iowa Central rf 43 Towa Cent Ist 6s.. Kan City Ft S 4s. . Kansas City S bs. . Kan City Term 4s. Lake Shore 45 '28. Lake Shore 45 '21. Long Island rf 4s. Louis & N unt 4s Louis & Nash 5% Market St cn 5s. MIEIRy &L 5s.. M&StLrfex5s.. M&StListrfds. © (RomnomnS aBune 2 Mo Pacific gn 4 Montrl Tm 1st b: New Or Term 4s. NO Tex & M in 5s. Y Cent gen 31, N ¥ Centdeb 6s... N Y Centdeb 4s... NYCentriss.... New Haven c d 6s. New Haven 7s 31 New Haven 7s fr..132 NY W & Bos 44s. Norfoik & W cn 4s Northern Pac 38 Northern Pac 4s. Northn Pacr 1 61 Northrn Pc 5s ret. Ore & Calif 1st 5s. O Short Licn bs '46. Cre Short Liref 4s. Ore-Wash 1st rf 4s Pennsyl gen 58 Pennsyl gen 4%, Pennsyl 6%s Pennsyl gold 7s Peoria & E Inc 4; (5 {OR-T eyt * 1 i { ! @ LY 884 60% 841, 108% 5%, 4 10215 o cRrnmooease 9% 9974 90% 10814 109 24 Rapid Tran 6s wi.. | Reading gen 4s... {Rio G West cl 4. [RIArk & L4tes.. St L IM&: StL StL @ sERenlannac StL&SFG5%sD. StL &S Faéj6s.. StP & KCShL4 s, San A & Arn P 4s.. jSeab'd A L 4s sta.. Seab'd A Liref 4s.. P Seab'd A L adj 5s.. Seab’'d A L con 6s. Sou Pacific cv 4s. Sou Pacific ref 4s. . Southern Ry 1st 63 Southern Ry gn 4s 2 Southern Ry 6%s. Third Ave adj bs.. Tol StLL & W 4s Union Pac 1at 4s. Union Pac cv 4 Union Pac cv 6; Virginia Ry 1st bs. Wabash 2d 6. Western Md 4s.... 2 West Shore 1st 4s. 80la TOTAL SALES (Par Vaiue 1lam.. 5115000 1Znoon. 7274000 1p.m.. 8676000 2p.m.. 9603000 e TREASURY CERTIFICATES (Quotations furnished by Redu e wa it 48~ March 4128 June em 43 41s September 1 4% March 15, 19 48 December 15, 19 —_— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks sold value. today. Tondon. pound . Montreal, dollar Parls, franc Brussels, franc Berlin, mark ira 00001414 000101 Praguc, Warsaw, mark o Copenhagen, crown.. Christiania, _crown. Stockholm, crown. By the Associated Press. W YORK, June 15.—Foreign ex 'S easy Quotations (in Units dolla Great 4 fmand, bills on ba mand, .063: emand, .0462%; gium, demand, .0543: Germany, ~demand, L000010%. Hollan: cables, 3920, (1664, Sweden, demand, .2650. Den- mark, demand, .1790. Switzerland, demand, .1796. Spain, demand, .1484 1. Greece, _demand, .0305. Poland, de- mand, .000011%." Czechoslovakia, de- mand, .0299. rgentine, demar .3610. Brazil, demand, .1050. Montreal 97%. ‘WOOL TRADING DULL. 05431, cables, demand, 7 vay d BOSTON, June 15.—The Commercial | Bulletin will say tomorrow: *“Business in the wool market has continued sluggish this week and os- FINANCTIAT." ! Grain, Produce and Live Stock WHOLESALE MARKET. All kinds of prices are being charged for eggs. The market is much lower than it was early in the week, dealers report, and the prices quoted depend entirely upon the quality of the eggs. Dealers say the recent hot weather played havoc with eggs. Many of them received the past few days were below standards, but plenty good fresh stock is to be had. Prices went as low as 21 cents today. Fair supplies of spring chickens, hens and roosters are being received. Supplies are equal to demands and the market has stiffened since last week. Egga—Strictly fresh, selected, can- dled, per dozer, 25; average receipts, 23; southern, 22, Live poultry—Roosters, per 1b., 14; turkeys, per ib., 25; spring chickens, per 1b.. 40a50; Keats, youns, each, G0; fowls, Der Ib., 25. Dressed poultry — Fresh - killed spring chickens, per lb., 50a80; win- ter chickens, per Ib., 35a40; hens, per ib., 28; roosters, per lb., 20.; turkeys, per 1b., 40a43; keats, young, each, 70a80. . Live stock—Calyes, choice, per lb., 9%; medium, per Ib., 8a8%: thin, per Ib.’ 6a7. Lambs, spring, per Ib., 12; live pigs, 3.00a3.00 each; iive hogs, per Green fruits—Apples, per bbl., 4.00 20.00. California oranges, per crate, 5.50a7.00. Lemons, . Grapefruit, 4.00a per qt., 5als. Black- berries, per qt., 6220, Vegetables—Potatoes, per bbl,, No. 1, 1.5 00; per sack, 2.00a2 potatoes, per bbl., No. 1, sweet potatoe: 3.00; nearby, crate, southern . North 1.003.00. per 1.00a 1.50; lceberg lettuce, per crat 7.00. Cabbage, southern, 2.00: bbl. Eggplant, per crate, Tomatoes, per box, Florida, 2.00a6.50. Beans, 1.50a3.00 per basket. Peas, 50a 2.50 per basket. Peppers, per crate, Florida, 2.50a5.00. Kale, per barrel, Spinach, per barrel, 1.00a , per crate, Florida, 3.00a Squash, 1.50a2.00. Florida lima . 4.0047.00 per basket. Aspara- gus, 1.0024.00 GRAIN AND PROVISIONS. BALTIMORE. Md., June 15 3 barrel. 75a1.75. As- Beans, 100, 4.00a 1.7542.00. Car- Cauliflower, 02 3.50. Egg- bushel. 1.75 8.00. Cabbage, crate, rots, 160 4.00a5.00. ushel, Cor 00. crate, 2.0 pla 0a3.50. Kale, bushel, 40; basket, 1.25a2.00. Onion: pounds, 1.50a4.50. Spring onions, 1.00a1.50. Peas, bushel, 0a2.25. Pepper: crate, 2.00a3.50. diehes, 100, 2.00a3.50. Rhubarb, 100, 00a4.00 inach, bushel, 76a1.00, quash, basket, 1.50a2.00. Tomatoes, 25.00. Blackberries, quart, Cantaloupes. crate, 1.50a4.50. pound, 8al8. Gooseberries, Huckleberries, quart, 25a Peaches, crate, 1.50a2.50. Pineap- crate, 2.00a4.50. Raspherries, 15a18. Strawberries, quart, 8a Watermelons, each, 30ai5 Selling Prices at 12:15, 0.1 red winter. spot. no No. red winter, spot, red winter. spot, no guo: 2 red winter, ' garlicky. 18: No. 3 red winter. gariicky, spot, no quotations. June wheat, 1 Sales—None Corn—Cob, new. . contract, spot, 91% pe teorn, No, 4. corn, ¥ No, Lettuc 100 100, errie pound. 30 ple quart, 12. per barrel bushel; No. 2 no quotations; track 3 or better, 97 per 1€ ! }bushel: Ne per bushel. Rye-— per bushel; No. 2 western export, spot, 19% per bushel; No. 3, no_quotation. |" Hay—Receipts. 15 tor ceipts for all trade wan per t i ample re- ~No. 1 tangl No. 1 wheat, ominal. 14.00; ion of 25 cents a barrel on srades of Winter patents, wine raigh spring straight and hard ht. was aunnounced today amber of commerce. b ), 00a : No. DAIRY PRODUCTS, BALTIMORE. Md.. June 15 ( —Live poultry: Spring icken: und, mall and Leghor: 3a24: Leghorns, 2 13a14; duck. 28; pigeons, pecial) i: old rooster: pring ducks, a3 1ggs—Loss pair, off, native and dozen. ; southern, 21 Butter—Creamery, good to fancy prints, 42a4;" nearby creamery, 4a3b: rolls, 30a32: store dairy prints, 30a32. CHICAGO PRICES. ure 15. aired the crop outlook, especlally Kansas, led to increased b ng lof wheat during the early dealing Vo u material lift to Values. 'According to one authority thy condition of the crop in Kansas was at such a critical stage that the rain would be likely to destroy a heavy percentage in the area that has had the best promise. Opening lxum!aflun:. which ranged from half to 7 higher, with Jul 1.11 11113 and September 1.0915 to 1.09%. vere followed by moderate further gains. Corn and oats were firmer with {wheat. Aiter opening unchanged to ', higher. July 815 to 81%. the corn ! «d an additiona . hade lower to nearby TODAY in Toga 1y, little upturn for all m Higher quotations o encd the provision m { i nths. hogs strength- rket CAGO LIVE STOCK MARKE June 15 (United ates tment’ of Agriculture).—Hogs— pts, 28,000 bead, mostl; highe! bulk, 160 1 pound . 6.90a7.15 Sows, desirable pound : | hogs. medium, : light T5a7.15: light light, 6.40a7.05; “king sows. smooth, £.0026.50; pack- ing sows, rough,. b DigS. 5.2526.50. Cattle —Receipts, 3,000 head: ac- tive: killing quality plain with light- weight beef steers and yearlings pre- dominating; beef steers, yearlings and desirable beef heifers steady to strong: other killing classes steady; top strictly choice 1,087-pound year- lings., 11.25, Beas0! few heavy steers her steers, 9.00a10. 9.00a10.00 to packers; a few at 10. stockers and feeders active. Sheep—Receipts, 10.000 head: fairly sheep and lambs steady to bulk best native springs, : few to city butchers & weight culls mostly e handywel ight and heav .25; heavies around | i i i to 3 : packing 110 to 130 bulk Close, 111% 1098 1 | Sentem December. TARD— July. September. ... RIBS— 1 duly’ 2 September. LIVERPOOL COTTON. LIVERPOOL, June 15.—Cotton spot, Wet weather | and later made a | heavyweight | killing | best yearling price of! veal calves mostly | i i | i i | | | {to the publ | sixth { records for the HUGE SUMS PASS THROUGH TREASURY Income Tax Payment Due Today—B. F. Saul Host to Bankers—Dividends. " More than three-quarters of a bil Hon dollars theoretically passe! through the Treasury today in the government's mid-year fiscal opera- tion. Taxpayers of the country will com- plete their second quarterly remit- tance of the year and at the same time the Treasury will receive a pay ment from the British government of more than seventy million dollars as an installment on Great Britain's war debt to the United States. Th Treasury has to pay out $200,000,000 t. retire an issue of certificates of in- debtedness, maturing today, but to offset this outgo, it will receive more than $150,000,000 from the sale of certificates under the recently an nounced offer. Treasury officials that the “second tax net about $375,000,000. The first pa: ment, March 15, 'brought more tha four hundred millions into the Treasur but that included many smaller asses ments which were paid in full. The new issue of certificates, whicl to bear 4 per cent interest, and mature December 15, was announc for $150.000,000, but when subsc books were closed, the total was $340.000,000. “Indications weré given i inasmuch as $38.000,000 of the subscri; tions were in the form of matured fe eral securities. turned in for replies ment, those would be accepted in add tion to_the original amount of ceriif predicted toda installment wi *| cates offered for cash The belief was expressed at the Trea< ury in connection with the anticipate: tax receipts that the government’s fis vear ending June 30 would be complet~ With a surplus far in excess of the las! official estimate. The highest surply officially predicted in recent weeks wi $125,000,000, but there were those at t Treasury who believed the surplu might exceed $170,000.000 if the ta\ reyenue meets expectation. The surplus that may be on ha:e when the fiscal year ends automa ically will go to reduction of the pu Hc debt. The British payment 2 plies to both interest und under the terms of the though the decrease i by the purchase of bonds by the British. be turned in and thus ar. same as though bought Treasury In the open market B. F. Saul Entertains Bank Favored by ideal weather. distinguished government _ offici men prominent in the financial Ii the city and out-of-town banke were entertained at an old-fashionec “farm supper” by B. F. Saul, v president of the American Securit: and Trust Company and head of th B. F. Saul Company, at his beauti summer home, Tempo Farm, Mont gomery county, Md., yesterday. The guests began to arrive at o'clock in the afternoon, and after « social half hour spent on the spacious lawns of the place, delicacies fo v Maryland is' famous wer: served at long tables in front of th house. Short mado by one of als tours of inspection wer the guests over the farw the most up-to-date in tI and it was not until after nightfall that the last of the visit turned their way homeward Chief Justice MoCoy of the D trict Supreme Court, together wi jurists from virtually every court i the District, the Commissioners, Gov. D. R. Crissinger and other meny bers of the Federal Reserve Board numbers of Treasury officials anc representatives from nearly all los banking and brokerage houses, tended the “supper.” Dividends Declared. At a recent meeting of the boar of directors of the Citizens' Savi Bank a semi-an 1 dividend of per cent wus declared. pavable stockholders of record of June 3 This places the stock of the banik on a 6 per cent basis and is the se« ond dividend paid by the b Under the by-laws of the ins tion tne transfer of stock il suspended for a period of ten prior to the payment of divide At a meeting of the Farmers Mechani Bank of Georgetown vesterday, the regular semi dividend of 4 per cent was declared. payable July 2, 1 . to stockholders of record the close of husiness June 19. The directors of the Bank, at a meeting held afternoon, declared the regular sem! annual dividend of 4 per cent and also an extra dividend of 2 per cent payable June 30. ‘The bank ha passed through a most prosperou half-vear period. as evidenced by tho declaration of the extra dividend. With a capital of $50,000, surplus d undivided profits of $64.000 am ets of a little more than $1.000,000, as shown by the last call of the con troller, the Anacostia Bank s a grow- ing institution. Maurice Otterback the ins include held nual t Anacostia yesterda is president of utlon. and the other officers Frank Campbell and Silas . vice presidents: Charles V. cashier, and W. L Koontz, assistant cashier. New Bond Offering. Through local offices of tional City Company. announcemcnt was made yesterday of the offering o f bonds of Standard Oi! , the issue being one 1o ten year serial fives. This is to r fund an outstanding issue. The pr > follows: First and se s. par; third maturit: fourth maturity. 993; f and scventh maturities, 99 eighth, 891, ; ninth, 99, and tenth ma turity, 983, Diilon Read and the National Company are handling the issue, OVER 50 STOCKS SCORE NEW LOWS Sharp Recessions Include United States Steel—Close Is Weak. J ond 8974: matu By the Associated Press NEW YORK, June 15.—Profers al selling pressure brought abou! some mtertal recessions in prices todz stock market. More ! fifty acluding United - Stat Steel common, established new 1o vear. Sales appros mated 800,000 shares, The closing was weak. Liquidatis of low-priced industriss increased the late dealings and brought ab: sympathetic reactions in other o ters. PARIS BOURSE SPOTTY. PARIS, June 15.—Prices moved regularly on the bourse today. Thre« per cent rentes, 57 francs 75 cen- times. Exchange on London, i francs 66 centimes. Five per cent loan, 74 francs 75 centimes. The dol lar was quoted at 15 francs 76 con times. ’ ‘. prices are a bit easler again, peclally on scoured wools, fine staple wools being barely steady. Further large exports testify to the relative of this market for cross- dull; prices eas Good middling, 16.86; fully middling, 16.76; middling, 16.61; low middling, 16.36; good ordi- nary, 15.86; ordinary, 15.66. Sales, 4,000 bales, including 2.700 American. Receipts, none. Futures closed very teady. June, 15.28; July, 14.93; Sep- ember, 14.05; October, 13.43: Decen- ber, 12.99. J:’xluary, 12. NEW YORK, June 15.—The United Alloy Steel Company today declared | & quarterly dividend of 75 cents on common stock, payable July 10 to stock of record June 25, and a regu- lar quarterly: preferred dividend of 175, pavable July 1 to stock of record | NEW TORK. June 15 (Speclal).— June 20. Since July, 1922, the com- | Mason Tire and Rubber Company has ANy has paid a 50 per cent guacterly ' followed the lead set by other firms dividend on i common, $io ports will show declines for six or seven weeks, and then t upward again as fall activity makes its ap- pearance. . ANOTHER TIRE CUT. { Brairie ol & G Phielps-Dodge Rickenbacker Bait Crk Cons Ol Lee T & Rubber. Lima Locemo. .. Loews Inc. Louls & Nash. .. Mack Trucks. .. Macy Co. . Magma Copper. EBLBEE £ EREPEERS A DRY GOODS MARKET. NEW YORK, June 15 (Special) Trading was active in the cotton cloth market today and prices were firm and higher. Raw silk continued to declin here in reflection of the movement at Yokohama, where a drop of 30 yen a bale was reported. The local market was qulet. y N ibby 71 1 M., Bt P. & 8, 5. M. 633s 1081. Morris Co. T%s 1930. Penna. R. R. 7s 1080. St. Paul Unfon Depot 5ts 1923. Sears, Roebuck & Co. 1923, Standard Oil of Calif. 7s 1831. Tidewater 01l 6iga 1681 Union Tank Car 7s 1930, 8. Bubber 7lis 1080, ‘nlon_ 6158 1036. Westipghouse X. 'S ¢ . firm, however. all good wools at Liv- erpool holding steady, with continen- tal demand especiaily keen. The poorer styled wools were.about 5 per cent easier.” Victor Talk Viet Ttik Mch Wi H $ C0pL000 LOOOO £COoPOOROO} o 13 B