Evening Star Newspaper, June 18, 1923, Page 20

* FINANCIAL, ' THE EVENING STAR, WASHINGTON, D. €. MONDAY, JUNE 18, 1923. FINANCI! PRCESGOLOWER | ~ew vork stock excrance | CAUTIONIS SHOWN [ —or= BONDS S vwcmser L ey COMMERCE BANK Raceipsdiyvr xtollNies Dietito Tihe Stay Ocs Received by Private Wire Direct to The Star Office. Z: Baler ,000. 1 RAILROADS. Open. High. Law. Close. Open. High. * Low. Close. i et D Balen. TH/gh. Low. Close. WHOLESALE MARKET. Adams Express. 70% 10% 70% 70% |Intl Paper. . 3" 8y 4 38 Cractins T ST AT oy - esconds. | Ann Arbor4s..... 2 624 6 ] o firm.” was reported of the Afr Reduction. 64 64 62% 62% | Invincible Oil. 12 12 1% Examp| 101-1 means 1011-32.) Atchison gen 4, 87% condition of the butter market this : Ajax Rubber.... 8 8% 84 8W[InvOil(etfs).... 11% 11% 11% 11% Sales. High. Tow. Close. 80 morning. No material change in All Am Cable... 101% 101% 101% 101% llron}’rogucl[ dgw :sh A: :g‘ % 101-2 1:‘;-? lg“M o e e e i Alaska Gold. % %plronProdctfs... 40% 40% 40% 40% i i 98-6 98- ss::.. 3 5 ces was 3 . 4 Bears Drive Many Stocks to|jskagole.- e 1l Ieiana o 4% 4% 40 4911, S, Issues Higher—Foreign e B e amlo E B such chnge 1 anticipated this weeke, | Treasury Issue Allotted, N L for Y 0il Allfed Chem. 68 66% 66l 199 19w 19w 10%| Bonds Acti il's % 98-10 98 s :g-‘l‘g B o Iigg receipts were light this morn- d: — Allfe Chal 4 40 40 ol o - 21 98- = sua on A 2 i ew Lows for Year: ils Allls Chulmers.. 40 o8 Hi S e S B onds Active—Rail Secur Lib Ll e % A|ine. the usual condition Monday New Bond Offerin: —Local Am AS i pf. . o 1o |Jones & Ligh ot 107 107 107 ug:'i:.‘x“ 9530 9024 99-26 . t ¥ | morning. and prices were the same as m ' . S s -2 - - 3 3 2 < Lead Break. Am Beet Bugar.. am 3 % % % ities Quiet. B SW aiv 33, g at the close of. the market Eaturday. Financial Notes. 5 P H IGN. = 6! "here were ntiful supplies o 3% 39%| Kansas crey's 2 1o 19 2 OO 1. Lo, el | iy : By fruits and vegetables trom a distunce, g - " - < Feet = — Areentine 7 02% 102 “ e 1 74| SUDDlies of by products being ) BY STUART P. WEST. i Igg 20% K:I’l;"s;:".l!l'::) %é‘t; 24 82w BY GEORGE T. HUGHES. Pt 1025 1017 924 & light on u?,w-nfl',fx";f‘llnmwuy on part{ The Bank of Commerce and Sas Special Dispateh to The Star. | Am Car ;. 163 Kel e Special Dispateh to The Star. Belgium 7% 102% 102 102 | Canadian North7s 9 114 4 | of shippers on Sunday. _{has declared the regular semn NEW VORK, Sune 18-—Alter thelamenn o % o 2 220 Kenmoeottee s 30 B0 30 20| NEW YORK. June'1s—Bonds were |Belgium 96% 96% 96% | Canad North 6 REee s iUy, sy, Waclectod e having maintained the current their peic way the Saturday stock market had | Am Chicle Co. . : 9% | Keystone Tire Belstum se. 108 102% 1023 i Canad Pac deb 4 Fouther a0 T e e e news, the weakness today was dis-|Am Cot Ol pf. Kresge (83). 218 ment buying. Quality considered, at- | Brazil 7s. 83 83 |Ches&Ohfocvibe, 3 89 9 | lurkeys, per Ib. spring chickens,{definite 8 per cent annual ba Of course, it has been realized all | AmTce. ... LE& Wnetfs. 29 the way down the list, from libertys | Brazil 7%s 101 101 | Ches& Ogn4ls.. spot in the situation, Just what is|Am Intern EiimkEooiis Sa 6 ever, were not interested. Canada Bs 1931, 100% 100% | Chi & E2 111 g 5 e I e M evy, | PANK. Teports deposits Am Tinsseait Loft Inc. . k" 4 | the apathy is concern over the polit- | Chile ts 1946 103% 103% { C M & Puget Sd 4s. B , 2 profits are in excess of the in today about large ofl interests get-|Am Loco (now). Ipaid to reports about the plans of [pu®f8 ML 1097 109% | Chi M&SE b a 23" J 10: medi 1b.9a913; thin, respectively. Deposits total approay = tem than to the intrinsic merft |Cubas%awi. . 6 4 99% 99% ; Chi M& p E b tallc was that if such a war were on | am ghioecoor it, events will probably show to have | Denmark 8 9% 109% | Chi R'T & Pac rf ds 5 775 Lo o o0 R 7 mon, | 41 bonded indebtedness Rears Pound Oilx, Am Steel Fdy Man E) inv guar. ©. & Beaus Mave aRkes: Dutch E 15%s. 2 Chi & W Ind cn 43. 5.00: Strawberr) 1t Sals. ‘Black- | On the local stock exchans. with bear truders exploiting to the | Am Tel & Telg. Market St pe. .. were for the most part slightly | DUICH EastT 6o | Vegetables—Potatoes L, No.ltion of ‘the new handim oil shares were driven down to new | Am Tob pt (n).. L T exbects o offer about the mid- | “Tench ovt T%a. Del & Hd 15t rf 4<, 2 g weet potutoes, North | or cinitul wtock and a 1i to other quarters and met with a[am yoooCH {D& R G1strf e : £ . per bonds. pating. May Dp Store credit system. The interesting point | Japanese 4s. . ... | Erie conext7s.... g 37 bbage, nearby, 1.00a2. Secretary lon last same trade problem to confront. | Am Zinc&Ld pf.. 3 Mex Seabd ctfs. 3% of the public toward this first issue g P: D. ns per basket. Peas, 50a | LONS to the new irtuc of 4 per cent of the company and the unusual way | Asso D Goods. Midvale Steel cent on the latest issue of treasury |neeneljatass . 14 | Gr North gen 7 : Spinach, per barrel, 1.504 | Peen allotted out of u tot Motor's affairs have maintained that | Atchison pf Sfv Pacine tem would have to pay more for its | NOrWay és 6 S S at s 47 2o 700 per basket. Aspara-|_ OUt of thore allotted cent dividend is - Yet this stock | yaneic Gult. W 16 3 Today's principal trading activity | Queensland 7 % Int Rap Tran 5 Sugar Stocks Also Break. AilssPowter (o) mostly lower. The new Aus- | Riode Jan 8s 1947, | Kan City Ft 5 g 5% | 5.00; old, 100 pounds. 75a1.50, 150 | &Nd others in the fifth federal reserva that the Cuban producers would Show | Aystin Nichols Nat Biscuit. ... The French Ss were fractionally | go b Gieht oG T8 Lake Shore 4s B g ¥ . bushel, 50; | $6.093.500 on_subseriptions ‘of % for 1523, but thev did mot carry | AUStinNIch D : 5 | Nat Cloak&spr 3 3 bonds continue to show in- g : é Tone Islos . : e 0046.00: i New Bond Offerings. Sugar stocks nearly all broke 3 |Balto & Ohlo. EiEnamel. toward lower levels, there ngm 5% '29. 154 { Louls & Nash 5343, » 1.5043.00; e, 250a4.00: | Company, in conjunction with that o | Harris, Forbes und Company, is today The efforts which ten days agolgarncsqtll (A3 Nevada Copper. 314 310 | honds have also held their own very onic 100. 1.00u. s, | offering for public subscript shares wefa auickly abandoned. Tne|Beechnut Pack. 63 5 N Y Afr Brake.. 35 . vere subject to the same influences | Am Agr Chem 100, 3.00a4.00; spinach, bushel, 50a1.00; | due March 1, 1947 such rall leaders s New York Cen- | Br EmStl 15t pf. i 6 ¥ Snonae is : ¢ for 1923. Trie convertibles held | Am Sugar Ref §a. PIMK&TesC nisloupes. icrate 60800, | Shle ac and interest on week's high. The ease with which | Brunswk Term. 17 5 | NY O& Western. 7 s 17 ell as the prior licn series, were in £ W 92 |MoPa - 5 4% dull and heavy again today. There |peI&ls o a0 e e 1 = a3 Southern, 22. on July to to stockholders of revord held un in the face of unfavorable | Am Cotton Ofi. i 6 Kinney G R. 60 60 was almost an entire lack of invest- | Boraemus % B0 0% Concara o Live poultry—Roosters, per b, 13;|June 20. The institution is o & A s A hy 50° tinetly disappointing. I Hxpress. 4 Laclede Gas. ... 87 tractive vields could be obtained all|Brazils, 96% 97% | Ches & Ocv 414 | per 1b., keats, young, each, 50; Am H & Lea pf 3 %s. . |{ov«l.~, e . i s it for the past three year &R 214 . Ca, 00% | € 3 31z - poultry -— Fresh - killed | Pursement pas 3 ng that fhe oil trade was o weak | Am Tcepf... o[ ien L & tunner. ahe to speculative rails. Investors, how- | Canada fa 1928, e Chir s n A 4 ens, per Ib.. 50a80: win-| John M. Riordon. cashier of tiie e et sy | Am La P & e . . ters, 1b., 20.; turkeys,| , 1».:.: :-r‘um position here is not casy | AT 18 France 2 & Loews Inc 16t The generally accepted reason for |Canada bs 1952, 98% 98% | Chi Great West 4. a0 Por e voung. each, | While the surplus and undivided o get a The street was full of gossip again | Am Locomo.. ... 3 3 tz‘l"::‘;m& . 3 ;1‘*”. ical outlook. Far more attention is g:fl'u ::3: }g;x {g;j; :‘::;r SPrfdigs. tion's capital. $108.000 and $106.400 ting ready to crush small competitors | Am Metals. 5 Mack Trucks. .. 754 this or that radical grup with re- S50 ‘ el St spring. per Ib. bl 451000 by repeated price cutting, and the | Am Radiator.... 4 s | Mack Trucks 1st. g2 gard to the railroads anc. to the bank- | Copenhagen 63 91 hi M&S P ov 4153, ately $1.4 D Hafe Riasor, 21 | Magma Copper.. 30% irities. Some of this concern | Czechaslovakia i 943 Chi&NW7s. .. Sy Uit Elanncd, Mallison & Co. 30 doubtedly well founded: most of Chi Ry i Green fruits—Apples, per bbl, 4.00| Application for listing th it was influencing sentiment in hish | Am Smelting. ... Mallison&C pf : S ix undoubtedly well founded; most 8 58 Guarters toward the entire market. S - DS e - ¢ 1 i 5.00a r s 00. ’ Am Smelt pf. . Manhat El Sup : been needless. Denmark 6 < Chi Un Sta 61 ,,,_,“,,,m 4 Grepefruit, Washington Auditorium But this was speculative gossip | Am Sugar 8 6 Manhat Shirt. .. et 4 Dutch East I 68’47 | cec, e made in the near future, Col pure and simple. The day opened | Am Sumat 2 Market St prior. 3 United States government V0ansipyich magt] 6s 63 A 96% 96 .c,evf-r‘,';,,if_s'i;;"' berries, per qt.. . Harper, prime mover 1 5 i otab - Colo & Sou 4%s. .. 3 314 5042, g utmost the nt per barrel de- | Am Tobacco. Market St R 2, ¢ higher ¥, Notably the tax ex-|Crame > . 4 %s. A 3% {1, 1.50a2.00: sack, morning. eline in Pennsylvania Crude OIl As | Am Tobac (H). Marlazd Ol 0 . " The federal farm loan | French Govt 8 % 99%; 99% [CubaRRS5s.... ; potatoes . No. 1, 4.0043.0 The indebtedness consists of ¢ W TG % G attaalc o 2 dle of next month anywhere from |Haltiésctfs...... 9 v 2 3 & lows for the year, the attack spread | Am Wwk6% pt. ot oy I L T S LR a% | Den&Rio G con 4s 741 ; . 0.1 twenty-year 6 per cent firct i s D > Maxwell (A). 2 4| months 41 per cent debentures to|Japanese 1st 4% > Sl sreater degree of suc robably ; months 43 per c .. 3 : Romaine lettuce, per crate, Toa e R il e e ;‘Z:g;e:”'; 99% | Maxwell (B). “ o | heet the needs of the mew rural|Japaness2d4% : +, | Erie 1t con 4 5 50 Iceberg lettuce, per crate, 6.00a Treasurs Notes Al Ofl shares were no weaker than |Am Writ Prpt MeIntyre Por as far as the investment market|Jergen UM 6s'47. 3 315 | gplant, per_crate, 2.00a3.30.| nounced that $159,833.500 in « other groups which did not have the | Am Zinc&Lead.. Mex Seaboard is concerned is the probable attitude rie conv 4s A 3 % 4 | Tomatoes, per box, Florida, 2.00a6 2 H in Studebaker was violently assailed. | Anaconda. . 4 Miami Copper... 25, g of securities umier the rural credits |y i . {Gr Trunk st ab ¢ 5 Veppers. per crate. | SICmonth Treasury ccrifc o despite the record-breaking earnings | Ann Arbor pf Middle St O S lact. The rate compares with 4 per | yexico 8% 5 Grand Trunk 7s. .. 3 % 113! e . Kale, per barrel, : une iflcate 3 P ;! ra 3 2,00 £eription recelve amo in which new business has held up. | Assoclatec Ofl. i, e 2 o, | certificates of indebtedness, but it]y 5 v | Gr North gen 5%4a. 5.00. Celery, per crate, Florida, 2.00a pans Those best informed on Chandler | Atchison, 2 Mo";zi“(""e‘:i- is expected that the farm loan sys- | NOrWay 8 3 Havanailinree os : " Squash, 1.50a2.00. Florida lima | 162.800. > i | Paris-Ly"s = o represent those on sub ipti anything is sure about the motor | a¢lar, Cst Line 5 e money than the treasury. Hud & M: 5 .+ | gus, 1.00a4.00 g s i it i er's 6 v C A cific & " Prague 7% ‘ an aj 5s 9 . ; Which certificates maturing Jun industry, it is that Chandlers 6 per!atFruit coge Montey Weed Foreixn Bonds Active. 111 Central 514 s. 5 101% 10 : GRAIN AND PROVISIONS. S L made a new low for the year and ; L . 5 : LALTIMORE, Md., June 15 (Spe- 8 % . < AtlGulfpf...... 8 red in the foreign bonds. Price | Queensland s 3 2 IntR Transit7s... g E: R b wisigiioied topeld L0ss fper cont Atlantic Ref. . os were irregular. the tendency | Rio de Jan 8s 1946, % | Int & G Nor aj 65, . : 5 cial).—Potatoes. new, barrel, 2.00a ; = Interests which have favored the | Atlas Powder. Nash Motorspf. 99 93 g a9 | loan sohl around last week's |Sao Paulo Stat 5 9914 | Kansas City : i Hhinas i1 : | district sugar st stuck to their position | Atlas Tack. 4% Natl Acme..... 4 Seine. Dept of. 4 | Kan City Ter 2 : b Ayl 4 flox: apportionment of the issuc up extremely well in their earnings | xuctin Nich pf at] Cloak & S 3 1 with the 7is little changed. ] gof b -oote 3 4 | Lake Shore 4531, o 5 E cabhugs crate 500, or a trifle over 72 per cent their convictions into the market in | : < : difference to fluctuations in franc ex- & 2 . T Theloes S the shape of effoctive support. | Baldwin Loco. Rt ores; % change. While the recent movement Fonind : : cucumbers, bas Vhe local office of the National « ! oty , 9% | Natl Lead. .. A Slia Ud Kingm 5148 " 2% 103 i bushel. 40a50° lettuce. bushel points or more before there was any 3 1 1o such depression as shown ngm £148'37 18 3 . 2 £ fad SHush. checlk Rarnesgall (A2 i NERy ot 2a. | in the exchange market. Belglan | Uruguay 8s. Market St crr 931 ¢ pUed B0:Hon Ton e (00 po e 1 R xton i H e S 3 pe a | $1,050,000 of Toledo Edison Comp seemed to promise success to enlist [ Dar N Or Tex&Mex.. 9 3 well i MISCELLANEOUS. 2 X 53, by e : x Etoaaes Fompd outside interest in the railway | B2Yuk Bros. Newp Ns Gas pf. 86 5 The speculative railroad issues | AJax Rubber 85 5 3 3 - - 100, 2.00a3.00; rhubarb, | first mortgage 5 per cent zold bonds v v v i Q < 4 squash, aske .50a 2 atoes, The issue bein sold tide was flowing too strongly down. | Beth Steel. Sihniee . 2 p ilroad stocks, Missouri Pacific | Am SmIt&R 1st 3. 2 K&TprinisA . i | el URBasicet W eSS U0 Stomacaes i TTHE e ward in the rest of the market and | Booth Fish N Y Central. . : sold within half & point of the | Amer Smelting 6s MK&T4sB... 3 43.50: blackberries, quart.}yield about 5.70 per cent tral, Atchison and Southern railway { Bklyn Edison. B = k' closing. Misscur . 2 MK&Tad 2 { cherries. pound, 7al gooseberries. [ ember 1, 16 and thereafter on were off 2 5 orins 3 : ¢ NYNH&Hartfd. . seli s clasing 3 Z & 5% (MK & Tadygs.... pound, 6a7; grapefruit, box, 2.50a4.00; | interest ‘date on four weeks' noth ! points or so from last | Bklyn Rap Tro.. Texas adjustments, as Mo Pacific s. o 3| huckleberries. quart, 25a30: oranges. | Interest is pavable on Mareh 1 and American Can was forced down was | BRT warrants Yorth Amer.... 2 20% | Supply ic 53650 s 8 s 00: peaches, crate, 1.60a |September 1 rather sconcerting ose > e % rth Am - 43 53 oncerting to those who|Brown Shoe. o > Anaconda 1st 6s 7 97 | Montrl Tm 1st 55 5 T pint, 10a12; strawberries. - Anaconda cv db 78 69 s 100% | Mo Pacific gn 4. ] 25 6% 56 apples, crate, 3.00a4.50; Make Reception Plans have regarded this stock as. likely North Pacific ach, | . The local executive s —_—— to be o of the most powerruily et of L. 183% 138% | unnatly Co. . | Armour & Co 4% Or Term 4 5 0a20; watermelons lne Joealexecii, 2 on the lis ubber and 5 2 i iarnsdalls ¢ 8s... 74 | ex & M in 5s. i e et tire shares we: conspicuous- | Burns Bros pf. 7 Ohio Fuel Sup.. 3 32% 3 Bell Tel Pa s reti 3 . ent & « « = ‘ Washing! Ste Iy weak at new lows for the year. | Butte Copper. b Orpheum Cir-. . . F p | Beth Steel Tt 5 5% N Y Cent deb 6s. .. 111 : elling Prices at Close. ‘MW'I”‘»"‘: 1 Stock E They were simply moving with the | Butte & Super.. 22% 22% 23 2 5 ~ % 4 4 Witeat—No. 1 red winter, spot. no| formulatir general kel & wi the Otis Elevator. 9 Beth Steel pm 5s.. Y nt deb 4s. 8 9 9 tations 0. 2 red winter. spot,jféception to be tendered t ) Caddo Oil. .. g i |Otis Steel. . 9 3 | Beth Steel s f 68 98y, 98 ¥ Centriss ¢ ol SRCr: Bt v thot:lbody, 'wHen) they: me Kelly-Springfield Gonsip. Calif Pack. Owens Bottle L 434 42 2 | Brier HSt 1st 52y % [N Y CenLScl 1 2 i i No. 2 red winter, garlicky, | Vention in this cit A few days ago. while the tire|Calif Petrol. : | Pactfic Develop. Bklyn Edison 7sD = 4 < i 1.15; red winter. garlick 4 Ot fop the wrowing company shares were reflecting the | Calif Peirol pf.. aciec Dev Bklyn Ed gen 5s. . New Haven d 4s 3 no_quotations; June wheat, 1.15. SUIDEION &8 inyertimey reduction in tire prices. it was hinted { Callahan Zine., ,':d‘fimtg“‘ - Bush T Bldg 6s'60. w Haven 3 3 3 Sales—None. rer 1at Kelly-Springfield might deem it | Calumet&Ariz 13 [Eaciicion Central Leather 6s E S8 a 5 : Corn—Coh, . 4.75 per bbl: o : e tinable to do mew financing for the | Canad'n Pac. . 152 | s P o | Cerro de Pasco 8s 6 |NY W &Bos4its. 01 SEll i petbuahic - 2| Tially in sateguarding the purpose of refunding ite outstanding e = ‘ ; i |G Nerfolk & W en 4 n, 8335 No. 4, no quotatio : fall safeguarding the ‘investing $10.000.000 & per cent inicing fund | Conseal Lenth ob, | Ean-Am T (B July Drops 85 Points, While|chile Gopper o R I etk & oo ik o No.'T or better. §61ca0r | Publle notes i ereby ge! he adv; P g arris ng.: S 3 Sor . " = L o of lower interest rates. Today. han | Cent Leath pf. .. 62% | Pann Seaba ST Commonwth P 6s. 6ty | Northern Pac 4s... I Adoptx Closing Pla o e ht . 33 ¥ g i 4 i 7 The Excha e ria that Keny-Sprine. | Century RibMills sl a: New Crop Months Also Join |con coal Md 1st 63 61, | Northn Pacri 6s.. H ~ 5 Fefd woutd "t o el Sering Cerrode Pasco.. 43 4% Eanue Lieal 4 p Cuba Cane ov 3 . 5o | Northrn Pc s rot - & s—White, ; 5 s Joined the ra hose institu e sort af his time. ‘ertain-Teed. 3 3 32 ‘ 9 H H e Ison re: 103 < Details are lacking in the rumors j Chandler Mot. 57 {ESreilarauet . in Sharp Declines. Diamond Mth 7135 6 106% | Qre-Wash Ist r4s 16 Ore & Calif 1st ' ‘ v tions dispensing with Saturday even o bushe ing hours during the summer_mont . > Pi Co = “ 76 2 spot, 117 E B ing with the first Saturc of another copper merger, but there | Chesap & Ohlo ; a1 [ERlindelubla Co ; | Du Puntde N 7%s. 1075, | Pennsyl gen aa.... 0 100 "No 5o o B T e is a feeling in Wall strect that an an- | Ches & O pf wi. 9915 | piut P ks Duguesne Light 63 3 27 1027 | Pennsyl gen 415, E 49 4 aa®? eipts, 71 tons: ampl Srst Saturday | nbar. thie nouncement will be made in the not |Cht & E 11 pf, . : ferce-Arrow. i Bty e o ay - Receipts. 71 tons: ample re | first Saturday in Septembper. this distant future regarding a new com- | Ot Gre Weat ! Pierce-Ar pf. | By the Associated Pross ; B tuE s S ey s 4 . s for rade wants, 1 222.00 i will close for the week at noon bination. Not so very Jong ago it|ChiG: w a - 1, | Plerce Of1.. by 3 NEW YORK. June 18.-—Yielding to a P . 40 LIS B Maraiiates i I ton 3 was reporicd that Ray and Chino | GniGreat Wet.. I 1241 pierce o1l pr.. 2 2 | renewal of liquidation, July cotton |Gen Elec leb s 1008 | S7€ A 3 e wfihézfi‘}"fi;u?p“;'“x'fil’“fidr‘»’"‘u'”Ip"r"f‘? e-; Chi MII&SEP pt.. E 36 g:u-‘;o‘:! A contracts broke 85 points, or slightly govdrich 6%, 9 10¢ 100% | Rapid Tran 6s w1 3 % | o al, S = i to be linked with them. mderstood | Chy & Northwa.. 5% Po‘;{um Coroni over $4 a bale today. They sold at 27 G:gg;’::_‘ :: B " 103 s s ] 5 6 A reduction of 25 cents a barrel on | Eanization of th Amer Chi Pneu Tool.., 8% % o hile new crop months, influ- Sak 1o G West cl 4s. . 3 i western grades of winter straig! s S i s Pressed Stl Car. cents, while new A 2 Humble OZR G %s. St LIM&S R&G - 7 P 5 % Beach. Md. Saturday cvening MARKET CLOSES WEAK. S“:}‘%’&fi,g:; 29 | Produc & Ret, enced by favorable weather and crop | Ilins Bell Tel 1t 5o, 118 9514 | StL & &,&:Ms;‘ o - L e S Tt hasemighe Chi RI&P 7% p! f 5 %@ 8oy, | PubServ (new). 47u {news, dropped 60 to 67 points, sending | Indiana Steel 5s. .. 10 2 oG : : Oiinced at the chamber of commerce | g ll¢ delegation included Bank o Losses From 3 to 5 Points Among | Chile Copper-.... 26t 26 255 | Pub Serv pf. {October off to 24.34 Int Mer Marine 6s. 22 83" s . 5 g today. ficers Waller, Lyddane and Mitch Chino Copper. 2 sig] nulimanCo : 4| Futures opened easy: July, Int Paper 1st58 B. 4 ’ ]S 4 ; y Local Stocks Quict. Leaders. Coca-Cola. 77 | Punta Alegr Qi ber. 2460 Decenibess 2605 32 Kelly-Spring 8s 3 3 o8 TODAY'S CHICAGO PRICES. The week opened inauspiciously on P Coto Fuel AR I |pureon.. Cfohes BEso, atoembier 225 Lackawa S6s'50.. 3 9 91 |StLS W 1s 5 s CHICAGO, June 1S—Better weather | the Washington Stock Iixchange this : e H # S S ary, 23.85; March, 23.85. Liggett & Myers 73 10 3ig [conditions in the harvest region {morning, only & minimum amo NEW YORK, June 18—Failure of a {SOl0 & South. ... 32 | Raflway Stl Sp S heet hadls o afRacteny | Columbn Carbon. 47 | Rap Tr Sec w.. ‘ Break In New Orleans, Too. Liggett&Myers 9 a Seab’d A Liref 4s 4 4 southwest had a b h effect on the | business being transacted at large stock exchange house on Satur- | Columbla Gas 9715 | RapTr Sec pf w! NEW ORLEANS, June 18.—Cotton | Lorillard (P) bs... : « | Seab'd A Lady 5s. 2" 311 heat arket today during the |ened prices. Last week's leaders day, combined with widesprea cir- s e o r 9 # = e e Lorillard (P 5 {Seab’d A L con 6s.. 66 alings. With a prospective | inactive. idespread cir- | ColumbiaGas w 82% [ Ray Con Cop. 2 futures opened eady—Jul Manat! Sug 827 4 Sl b,v 2 ased movement of new wheat| & k of the Capital Tracti culation of wild rumors concerning Co:uvmb'thr-D 14 | Reading £ i34 Octobor, 24 H0C Dece : M adonie, et ’,;2:: };°;gg¢;,‘,’, 5 3 and and with lower quotations at ¥ eased off to 98 other brokerage houses, imparted a jCol Graph pt. 2 Raading Intgr. dry weather in most sections of the | Marland Ol 88 w .. Sou Paciflc clt 4s. . | Liverpool indicating lack of y | gregating forty decidedly weak tone to prices in fo- | Com SolvB... 18 | Reading 2d pf. 1 belt and rumors from Manchester | s . 2 L aibs pressing European demand. consid- | s was weak av'a stock market. Specniatnrs for | COMP Tabulat.. . 67% | Remington. 7 35U | foocived by brokers here that Lan: | ntinos e or. o e 5 €St SRbls sellinktuok niaoetiere jannjine 3 the decline took advantage of this un- | Conley T Foil. 1233 | Replogle Stee jcashire mills working on American | aigvale Steel 5s. .. ; o s . [iimarlet exnadloft quickly.l (Crowidams lat i easiness and liquidations by fright- | Cons Clgar. 2 21 | RepIr & Steel.. ¢ 2 tton were talking of closing down | yporet® SEoc B SaancImEycns 40 ase repdrts from: lansss continued, |ich ened investors by offering large | Con Gas new. 59% | Reynolds Spr 2 2 during July caused a decided down- | yORIEi O NER s £ hird Ave ad] 5s. 3534 it were virtually ignored. The he bond side. Gas 35 brought blocks of the usual leaders which | Cons Textile. 813 | Rey Tobac (B) 6 swing in the price of cotton tod: \:'urrl ‘0 18t 4% !L{mon Pac 1st 4s... 9 hich ranged from 1§ to 19 ‘raction 5s, 867, C. and 1. Tele- showed little resistance to pressure, | Cont Can. ¢ 44% | Royal Dutch. 6 5 tha active months losing 47 to ‘V-“T"M st 5s. ki g Union Pac st rf ki ] cont 1¢ with July 1.093 to 1.09% | phone ) and Pepco first o the Sales approximated 950,000 shares, Cont Can pf.. 107% . i points in the first hour of the ses. |New Eng Tel b8 Union Pac cv 6 q 4{and Sentember 1.08% to 1.08%, was|same. The closing was weak. Seliing | Continental Mo. v, | St L&San Sran. . : fion. | July was the weakest month |N Y Edsn st 644a. 91 | Virginia Ry 1st5s. 6 5 followed by material downturns all ; nressure continued to the later deal: | Gorn Products 129% | St L&San St ot 2 | and apparently felt much liquida- |NYG EL H&P bs. .. 11 Wabash 2d bs. .. jaround. ings, many of the leaders closing 3 t. S, | St L Southwn. tion by longs, under which it drop- | NYG EL H&P 4s.. 2 Western Md 4s.... 26 6 Corn and oats were easier with Ts 0 c S 5 Daints below Saturday's fnal priccs. (‘Eg;g:::'fi ;;:: St L South pf. 915 58% ped to 27.03. October fell off to|N Y Tel 6s°41. . | Western Pacific 797 . _After opening % to l:ad EXPER T Dls U S Crucible Steel. 914 6ot | San Cecll Sug 2% 2 23.97. N Y Tel 68°49. Whel RLErf4%s. 4 : i July 81 to 813, the corn r Crucible St pt. 0% | Savage Arms. .., 22% 2 ater Price Quotations. :X:ga‘n‘.‘:n Wisconsin Cent 4s. 7 57 ,m\‘f‘;"‘;"”:g"t";;:h{‘":;i; o e WHEAT BELT cms' - Schulte Stores. ., % NEW YORK, June 18.—Cotton fu- if v kK y Market Flashes CubASeaEge ; 7o 3or¢|Seaboard Air L. ures, 11:45 a.m. bids, steady; July, |N States Pow 5s A TOTAL SALES (Par Valus) e eene I e ogeduEnly S8z s e slight general declines wero wit- at Today” 5 Sears Roebuck.. 31 73 19. October. 24.25; December, 23.95; | Northwst B Tel 7s. 1lam.. 2822000 12noon. 5383000 ssed y’s Close CEpCaneinE: 194 | seneca Copper.. Japuary. 386 March, 2870 © " | Otis Steel 7Hs. ... 3 TEE TGz et Eeliono R[5 SR Sty Governors of Seven States to At- jCuEAn BoRTCRs. gisg Snoll nlon S i a1 Shiae tendy: CJule | Pacific Gas & El6s a1 91l July ... L Ton% Tab% 108 o Directors of the American Chain | Cuyamel Fruit.y + 584 | Simmons... . 9 SN A DR VR ¥ {PacT & T bs '52... 20 'WALES To OP { Sentember PO 1083 1051 1.04% tend Conference in ' Company today declared a 50-cent { payiason Chem. 3% glmflll" ;'“" B Sanuary, £3.30, asked; March, 23.20. PhilaCoref 6sA.. 100% Dehember - <o AL 1010615 3 00 su ] £ dividend on class A stock. payable | De Beers. , 25% | Sinclalr pf. .. - ,fi“: Small recoveries followed the first | Producers & R 8 106% o, .51 Chicago. June 30 E i 5 F 3% {jecline but they did mot last. The | Public Service 6s.. 831 G L 0 | 5 4 a3 - == e it il 17 | ket gradually worked lower un: | Punta Alegre 7 109 108 CONGRESS IN LONDON =z B The Salt Creek Gomsolidated O de. | SOOIt IS 2% | Sloss-Sheffeld. . 45 |t the forecast of continued dry | Sharon StlH 8 981 E : r]sr‘rd ad auarterly dividend of 201pouglas Corpn.. . 2 == 0 £0 \\va'thfl;_ for l:he belt an;i underk rt»- Sinclair Ofl 7 E 98 Bt cents, a decrease of 5 cents over ti B & - 5§ 3% ports of weakness in other markets. | g ir Oil o8 w i. ’ dividend paid during the firet quar | 2UPORt (ED... South Pacific.... 88% | Soon ‘after 11 o'clock the " trading | Sim Gende O s%e. 1y o, 8 7.7 Ide Will Represent American | ter, Eastman Kod Southern Rwy. .. 3 85k {months showed declines of 53 to 86| g1 Grae of1 6 29 9748 o 3 1115 | belt states have accepted invitations Endicott-John. 6 . 662 | Southern Ry pf. . To6s8 671 | Points with July off to 26.91, and|S' e L s Aviation at Sessions From : all s e Crude ofl production in southern | Lod) e 870 | Bl ober "to" 2365, Sin Pipe Line 6s... 4 8 8 to the national wheat conference tn Sallfornia, averaged 586000 barrels|grioTut pf...orr E Spicer Mf& pl 93 93 63 NEW YORK. June 18.—Heavy sell- ;“‘;hrsf"’:;:s‘:l e & i June 25 to 30. 3 s be held here June 19 and 20 and ally during the week ending June | prc gy . St Oil of Calif. : 811x | ing continued throughout the after- | S0 PO! = . 100 which, according to headquarters es- 36, Sompared with 535,900 harrels the Stand Ol of NJ *1neon. July declined to 26.68 and Oc- | StOll of Callf 78... 72 10414 10415 104 = DAIRY PRODUCTS abli 2ed biine b e ey Sl ; Stand Ollof N 3 20 gz | Teon. " uly & d to 26,63 and Oc. | 3L 200N o5 S e DAIRY PRODUCTS. | tablished here, will be atter e P Famous Play... a . S N st 5 - losses of 99 to 117 points. Tenn Elec Pow 6s. 94% 94 T e B i 2y ad.p Tune i Spe-fmore than 500 delegates. represcr Tay becuuse of 1exal hotiay. """ | Famous Play pf Stew'tWamer... 55t 55 | “CiTian futures closed. weak Tide Wat Oil 6%s. 8 102% 1024 I o8 Tu ading rep- |clal)."-Foultry—tive spring chickens, | meat packers, farm bureau ¢oday because of legal holiday. Fed Mines & S. . Sy 26.68 to 26.72: October, 03 { Toledo Edn st 7s. 8 10614 106% 106% | resentatives in acronautical science SR nene e atn e o e ivora, tHla PAeE foan Teed sras Exdividends today: American Gas | Fd Mines&S pt. 4 1% | Studeb: (o December, to 23.60; Union Bag & P 6s. 97 97 frem all over the world will attend|200 old roosters, SR i and Electric common; Atlantic Coast | Fif Av Bus wi. e x e e Ton, 2328 S0 2330 I DIOE cvl 12% 112% 112% | (he first international congress | spring ducks. 27a 4 i o e i Line common: Bush Terminal Build- | Fisk Rubber. SuperforOil..... 3 Snoti coltomiqulet i ddling 128 60 USRublstribs.. 9 86% 864 860 |, . 1 11 10 1o s 255 Loss off, avlieat growers according to (Gox ings preferred; Helm common and | Fleishman. A b : it R e p NEW ORLEA June 18.—Cotton | US Rubber 748, 1067 106% 106+ held in London, from.June 25 to | O3S S O o a%s, J. A. O. Preus of Minnesota, one of vreferred; Manila Electric common; | Foundation Co. . 3 uperiorSteel. . futures closed steady at net declines|USSteels£6s.... 27 102 101% 102 | June 50 The United States will | Butter— Creamery, good to fancy, | these who will attend, are in the midst R. J. Reynolds Tobacco Company com- | Freeport Texas. 2 2 3 Tenn Copper. . 4 of S0 to 105 points. Close (range) —|Utah Pow &Lt6s. ! 89 g9 9 {be represented by J. J. Ide of prints, :_mearby | Of the greatest slump in prices in fifty mon and preferred and common B. TexasCompany . 2% [ July, 26.72a26.74: October, 23.44a23.47: | vartientes Sugaris 2 97 97 e A il e ~ 34a35: rolls, | years. Tobacco Products preferred; United | Gen Am Tk Car. St ey h December, 23.10a23.13; January, 23.00 82 8l ; Sl e s e g Tl “Two million farmers will be faced States Tobacco common and prefer- | Gen Asphalt. & S = bid; March, 22.88a22.90, 67 66 mittee for aeronautics. The con- |5y, > " with the impossible task of finding red. Gen Asphalt p! A xa : Sbot cotton” quiet, 75 gulinu Jower. 10214 102:: ress will be opened by the Prince immediate profitable employment for soce e 8 . es on the spot, 167 bales; to ar- . : g G 3 8 K their land a equipment in duc- U. 8. Hoffman Machinery corpora- | gon Slsetric, : Third Avenuc. 3 Five. 200 Low middling. 27.50; mid. | West Union 6%s.. * 2 109% 100% 1093 | of 5o Wl address the dele- | CHECAGO LIVIS SFOCIC WABKET. | ing somethini clxa unless the whent tion has orders for 1. garment | Gen Elec spl wi 4 Tide Water Of dling, 2 good middling, 28.7: Wickwire Spen7s. 3 931 937 91%|£ates. = uelehioure, of i CHUCACOs dune 18 (0, 8 ment aflindustryiils atabilis 3 Preus pressing machines representing | gen Motors. . .. : Timken Bearing 39% 39 celpts, 541; stock, 77,148. Wilson & Colst6s 9 971 97 for air, i side i one of the | Awriculture).—ilogs: Receipts. 33.000; | daciared. value of nearly §1.000,000. Gen Motors..... 14% | obateo Prod. .. Wilson&C ov 7%s. 13 967 96% seesions. The ebiect of the congress | chofos TEht and butchers, mostly 16 |*“The program for the ¢ CH. H. Franklin Manufacturing | 360 Motors pf. . 88 e taccoPrcd A Wilson & Co cv 3 88 8T, 87|18 to stimulute International endeavor | higher; pots up more. other cliszes | fore ncludes Senator Company has orders equivalent 1o | Gen Mot 6% deb. g o PARIS BOURSE FIRM. Winchester A7%s 1 105% 105% 105% |1 furthering arr develop- | tNnG average, i Anruc Cepper of Kiuniss, O, P it it otpat :;'d_d?;"(g:tr‘gn; Golavis Corn-. . "’,z TwinCF. Tran. . 2 PARIS, June 18.—Prices were firm ————e T oxderiinat dili . ia-|pound buteh ekl |l e Baeis Rodoratl e, i day for the rest of the year. ¥ 41 Goldwyn (new). 17 |Underwood..... on the bourse today. Three per cent FOREIGN EXCHANGE. tion may ive adequate attention y Jagans ;“% 'flfihgfi l_‘l‘g,;; White, president of Armons & otk b;";f Clearings, $500.000, | Goodrich. 28 |Union Bug & P. rentes, 56 francs S0 centimes. Ex- June 18, 1923. the congre: L be divided into | LOCHE iehe. 6984745, Company: Sumuel Gompers, president . New York ban lance: & o o s . ol r in groups., which will meet De s s 5 | o e American Federation of Labor. 00000, New York Federal Reserve | Gossyesr ot. o | Oainree change on London. ‘7€ srancs 30 con_j (Qmiatices Cemkbedily WY, B B L & oo |simultanicously cach idoy, under sep=|lIERC1 J poacking sows |Dr. Roval S Copeland, senator-clect Bank credits, $05.000.000. Bsoton bank | Goody pr pf wi. 5 95 |UnTank Car. " B 15t connacs The Riar Ses autes xold value, ¢ today. ate ehaimmen: §Grotp. A kwill taeall| 102 1107 killing pigs, i pumENGy ork and (revoriaiitnom ngs, .000.000, 2 - s B = Tomton: 8665 with air dynamics, construction and e d Govs. s of Minnesot en e e 2 | ateimtae : mE716 Trancels cemtimen. Monlrv-{l.‘m ‘Lo : research. Papers in this division w1l O tTe==Trace|ptais 191000 most iiile (EMALL of ‘Mlinois J. M.~ Datis "ot rd Oil of New Jersey issued - B —_— Paris. fran (193 [0815% | be read on the following subjects e s el {ansas, A. ) e of Missouri. R. A statement denying it is e Gt Northern pf.. 7014 | United Fruit. 3 Methods of research, 3 ynamics, | 108, _classes v active, strong;|xNegios of North Dakota. A. V. Dona- operations in Mexico or elocen anm® | Great Nor Ore. 2815 | United Ry Inv. WOOL MARKET DULL. ric . T R el e s SOES. Naher; oGy doads|gly of Gio. awd 3. © Walten R loading terminal at Mata .Redonda. | Greene-Canan. . 2z 22 |UtdRyInvpf BOSTON. June 18 (Special).—The 3 E materials. Group B will consider the 10 bule Beol st e oklahoma: Such sales as it has made to other |Guantana Su. % T, f{USCastIrP.... raw wool market was dull but fairly . & ke question of power plants. fuels and | venriings, 9.00410.50: lower grades - companies represent ordinary current 1 b 50 U 8 Food Prod.. steady here today. Prices showed . § nd propellers ¢ | she stock. slow: stockers and feeders, business transactions. Gulf St Steel.... 6% 77% | US Hoffman M. 1 little change although they were per- | Viena, 4 @ air transport ar strong to 16 higher; other classes LIVERPOOL COTTON. et U 8 Indus Alco. haps a t e softer, but there was no lapest, crown. B a tions. Group D will con-| g ally stead killin, alit LI RPOOL, June 18.—Cot: -Spot President Scheuer of the Kelly | Hartman Corp.. son | Bansaner (o tho Toathot, taley nano | Prague: crom X Onsk general & quality [ L 0 .—Cotton—Sc . | the t 2 rague. side: ps, both from the com-|fairly good; bulk stockers and feed- |quiet; pri ; ®ood middling, Springfleld Tire Company says there | Hayes Wheel 34y fallen off in the west according to(Warsaw, mark. 8 4 mercial and technical poin .| ene. 85087 .80; canners, 2.75a3.00: buik | 15.76; fully middling. 16.85; midding is no truth i Mf, Copenhagen, crown.. i 5 g, Springfield Company 15 contempiar, | Housend Erod $ 145! Us Smeltaer. 27 reports from the ranges | ChFistiania, crown. beet neifers. &00a3.38; bulk vealers | 16,51 low middling: 16.26; good ordl- ing an issue of $15,000,000 bonds to oil. U S Steel 927 Stockbolm,” crown. to_packers, 8.50210.00. nary,’ 15.76: ordinary, 1548, Sules rofund its outstanding bonds. - e | Hodeen Motors 58 .| US Steel pf. 119% Wheeling&LB.. 8% 8% 8% 8% | By the Asswcisted Press. COFFEE FUTURES WEAK. D e et iens|| sy bales, Incinliie 2 100 A me [oods B mciombanY contemplates no new | Hupp Motors e 614 Wheel SLEDf.. 13% 13% 18% 13%| NEW YORK, June 18—Foreign ex- [ JVEW ORI, June 18 —Coffee: Rio | (L7 j35uifled as yearlings, new crop | American. — Futures closed sieady. 9 Hydraaulic 8ti 1 17% White EagOll... 25 25% 26% 254 | changes irregular. Quotations (In|ggs; September, 160, P JUY L lambs as lambs; market fairly active: | June, 15.13: July, 14.78; September, Great Northern Railway preferred | Illinots Central. Vanadium Cop.. 31% 30 ‘White Motor. BL 81 B0 B0%| . o Gtates dollars): Great Brit- o around steady on all grades and|13.59} October. 1 December, 12.9 declared _ regular semi-annual divi- | 1nd OIl & Gas. Va-Car Chem. .. 8% White Oll. 2 2 2 mel T 0%, aablea, £ 005 mxe classes: bulk best native springs,|January arch, 12.63: M dend of $2.50, payable August 1 stock % 5% 5% bt | Wickwire. 8% 8% 8 g - | ain. g o BUTTER IS HIGHER. 16.00a16.25; few to city butchers, {1 of record June 29. Inland Steel w 1. +* | wilson Co. 23 23 208 221 ty-day bills on banks, 4.6015. France, 16.50; strong weight culls, mostly : Inspiration. 25% 26% 25% oI £ % 22%|Gemand, .0815; cables, .0615 Chicago, June 1S —Butter higher: [11.00! one deck choice yearlings, Interb Rap Tr. 17% 17 17 gmv (;""flp Gfl“‘: em ‘g: 5;: d:mum:. S0t canles & oL | creamery extras, standards, 39%.[14.25; one double medium’ to good FRENCH CROP GOOD b A e, um, -demand, . cables, . & . i 583 . as wetl , 7.50; fe - o TODAY’'S METAL MARKET. }:::Sz:::'::} Fohtd 2% | Woolworth...... 228" 228 227y 227 Eermany, demand, .000006%; cables, | x> 1ot aae e nt e e e eRey PARIS, June 15.—The French f RE Ay N {3»—{Conu-n- 1nt Cement. . Wabash pt (B) o1t 37 27| Worthington... 81 31 30 80 }.000006%, Holland, demund,” 3923%; | 32413 cases: H age, potato and sugar beet crops ure quiet; electrolytic, spot and futures, ;. sl : o cables, .3926%. Norway, ~demand,|g 2 X 2 reportec the ministry of agricult 16%a15%. Tin easy: spot und near: | 8 CombustD... 21 Waldor? (new). . 176 16%. 17, | Somosstnilube. 68 68, 68 168 | CANCS: oo Caent aemang. Hesi: Deu:|Dimis.cUBASl: miscclianeous, 21azLig DIVIDENDS. to be in fairly good condition. with by, 40.62a40.75; futures, 40.25a40.37, | Int & Grt North. Western Md. ... 11% 10% 10% High. Low. Last. | mark, demand, .1786, Switzerland, de- | 545 ' s the area under cultivation 2 per cgnt Iron steady; No. 1 northern, 29.00a |lnt Harvester... 77 14 | Western Md 2d. 2% 22 22 Call Money..... 5% 4% 5% |mand, 7. Spain, demand, .14vo.}0rsts =% ter than last year und the cin- 31.00; No. 2 morthern, 28.50a30.00; No. | Int Harvester pt 109 West Pacific. 18 16% 16% Greece, demand, .0345. Poland, de- e TR T kg T e Jult 10 Jueego| dition on June 17 per cent ‘better 2 southern, 37.00. Lead steady; spot, | Int Mer Marine.. 6 Western Union.. 106% 106% 105% 105% HOURLY SALES OF STOCKS. - |mand, .000008%. Czechoslovakia, de-| The Illecillewaet glacier, British |Becchnut SR8 8 30 7 12 JUAC 50( than on the same date in 192 7.26. Zinc steady; East St. Louis | Int M Marine pf, 27 % Brk 82% 82% 82% 82% mand. ..0297. Argentina, demand, | Columbia, has retreated at the rate|im) Tel & Tel .. @ 1% July 15 June 27 { The wet spring helped the y erop, spot and nearb; 100. Antimony, | lnt Nickel.....s . 1d% 66% 56% b6 2600 Rrazfl, demand, .1055. -Mon- | of 112.5 feet a year for the last four |iaufman Stores ~ Q $1 Aug. 1. Iy 50| but sunshine is imperative now paTe awok, 6,85865 s s e k 2 v o B8 Ke o : ceal, 21 2l-3% g % Fars Peo Gos, L, Coke @ 1% July 17 Juy @) ticularly for the sugar beets. ' v . By the Associated Press CHICAGO. June 13.—Chief riecu- tives from at least seven of the grain s 3715 30% Pay- & Peried. Rate. able. Record. | ETCA